Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF
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About Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF
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Inception date
Jan 26, 2024
Structure
Open-Ended Fund
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal101.20%
Mutual fund1.60%
Cash−2.80%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VTEI last dividends amounted to 0.23 USD. The month before, the issuer paid 0.25 USD in dividends, which shows a 6.40% decrease.
VTEI assets under management is 570.85 M USD. It's risen 17.15% over the last month.
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.
Yes, VTEI pays dividends to its holders with the dividend yield of 3.08%. The last dividend (May 5, 2025) amounted to 0.23 USD. The dividends are paid monthly.
VTEI shares are issued by The Vanguard Group, Inc. under the brand Vanguard. The ETF was launched on Jan 26, 2024, and its management style is Passive.
VTEI expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
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.
VTEI invests in bonds.
VTEI price has risen by 0.69% 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.
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 trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.