Vanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETFVanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETFVanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETF

Vanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪272.94 M‬USD
Fund flows (1Y)
‪235.17 M‬USD
Dividend yield (indicated)
3.53%
Discount/Premium to NAV
−0.3%
Shares outstanding
‪3.72 M‬
Expense ratio
0.12%

About Vanguard Tax-Managed Funds Vanguard Core Tax-Exempt Bond ETF


Issuer
The Vanguard Group, Inc.
Brand
Vanguard
Inception date
Nov 21, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VCRM is an actively managed ETF that seeks total return through tax-exempt income and capital growth. It primarily invests in US dollar-denominated municipal bonds issued by US states or local agencies. Interest is exempt from federal income taxes and alternative minimum tax (AMT). The fund does not have maturity limitations on individual securities, but it typically maintains a dollar-weighted average maturity of 8 to 20 years. The majority of assets are invested in investment-grade bonds, rated A3 or better by Moody's or equivalent. Investments in junk bonds are limited to 20% of assets. The fund follows a portfolio manager-driven process, incorporating top-down and bottom-up insights. As a fundamental policy, at least 80% of assets are invested in tax-exempt securities under normal market conditions.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Long-term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal98.86%
Mutual fund6.25%
Securitized0.47%
Cash−5.59%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to VCRM via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
VCRM trades at 72.84 USD today, its price has fallen −0.08% in the past 24 hours. Track more dynamics on VCRM price chart.
VCRM net asset value is 73.13 today — it's risen 1.14% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
VCRM assets under management is ‪272.94 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
VCRM price has risen by 0.26% over the last month, and its yearly performance shows a −3.16% decrease. See more dynamics on VCRM price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.69% decrease in three-month performance and has decreased by −0.78% in a year.
VCRM fund flows account for ‪235.17 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
VCRM invests in bonds. See more details in our Analysis section.
VCRM expense ratio is 0.12%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, VCRM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, VCRM pays dividends to its holders with the dividend yield of 3.53%.
VCRM trades at a premium (0.31%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
VCRM shares are issued by The Vanguard Group, Inc.
VCRM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 21, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.