Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETFVanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETFVanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF

Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF

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Key stats


Assets under management (AUM)
‪570.85 M‬USD
Fund flows (1Y)
‪437.89 M‬USD
Dividend yield (indicated)
3.08%
Discount/Premium to NAV
−0.06%
Shares outstanding
‪5.83 M‬
Expense ratio
0.08%

About Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF


Issuer
The Vanguard Group, Inc.
Brand
Vanguard
Inception date
Jan 26, 2024
Structure
Open-Ended Fund
Index tracked
S&P Intermediate Term National AMT-Free Municipal Bond
Management style
Passive
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.
VTEI is passively managed to hold USD-denominated municipal bonds issued by state and local governments or agencies whose interest is federal tax-exempt and AMT-free. Eligible securities must have a rating of at least investment grade, a minimum par amount of $25 million, and a remaining term to maturity between one month and 20 years. The fund seeks to maintain a dollar-weighted average maturity consistent with the index, which is typically between three and 10 years. Intermediate is defined quite differently for this fund as its underlying index reaches out to the long-term bond space. The fund uses a sampling strategy to track the market value-weighted index, which rebalances monthly. As with all Vanguard ETFs, VTEI only discloses its holdings monthly.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Intermediate
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
AMT-free
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal101.20%
Mutual fund1.60%
Cash−2.80%
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 VTEI 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.
VTEI trades at 97.73 USD today, its price has fallen −0.07% in the past 24 hours. Track more dynamics on VTEI price chart.
VTEI net asset value is 97.78 today — it's risen 1.08% 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.
VTEI assets under management is ‪570.85 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.
VTEI price has risen by 0.61% over the last month, and its yearly performance shows a −1.37% decrease. See more dynamics on VTEI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.26% decrease in three-month performance and has decreased by −0.52% in a year.
VTEI fund flows account for ‪437.89 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.
VTEI invests in bonds. See more details in our Analysis section.
VTEI expense ratio is 0.08%. 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, VTEI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, VTEI technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating VTEI shows the strong sell signal. See more of VTEI technicals for a more comprehensive analysis.
Yes, VTEI pays dividends to its holders with the dividend yield of 3.08%.
VTEI trades at a premium (0.06%).
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.
VTEI shares are issued by The Vanguard Group, Inc.
VTEI follows the S&P Intermediate Term National AMT-Free Municipal Bond. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 26, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.