Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/12/2025: VTEB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0.6% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/12/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.96 | 52 Weeks Range 46.76 - 50.26 | Updated Date 06/29/2025 |
52 Weeks Range 46.76 - 50.26 | Updated Date 06/29/2025 |
Upturn AI SWOT
Vanguard Tax-Exempt Bond Index Fund ETF Shares
ETF Overview
Overview
The Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) seeks to track the performance of a broad, market-weighted bond index with a focus on investment-grade municipal bonds. It aims to provide current income while maintaining limited exposure to credit risk through diversification within the municipal bond sector.
Reputation and Reliability
Vanguard is known for its low-cost, passively managed investment products and has a strong reputation for reliability and investor focus.
Management Expertise
Vanguard has extensive experience managing index-tracking bond funds, with a team of experienced professionals overseeing the fund's operations and portfolio management.
Investment Objective
Goal
The investment goal of VTEB is to track the investment results of the S&P National AMT-Free Municipal Bond Index.
Investment Approach and Strategy
Strategy: VTEB aims to track the S&P National AMT-Free Municipal Bond Index.
Composition VTEB holds a diversified portfolio of investment-grade municipal bonds.
Market Position
Market Share: VTEB holds a significant market share within the municipal bond ETF sector.
Total Net Assets (AUM): 31400000000
Competitors
Key Competitors
- iShares National Muni Bond ETF (MUB)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
Competitive Landscape
The municipal bond ETF sector is dominated by a few major players like VTEB and MUB. VTEB's competitive advantage lies in its low expense ratio, which can attract cost-conscious investors. However, MUB has a larger AUM and may offer slightly greater liquidity.
Financial Performance
Historical Performance: Historical performance varies with interest rate environments and credit spreads in the municipal bond market. [0.031, 0.012, 0.037, 0.035, -0.002] represents the historical 1-year, 3-year, 5-year, 10-year, and since inception (7/2015) return of VTEB.
Benchmark Comparison: VTEB's performance closely tracks the S&P National AMT-Free Municipal Bond Index, with minor differences due to expenses and tracking error.
Expense Ratio: 0.05
Liquidity
Average Trading Volume
VTEB exhibits strong liquidity with a high average trading volume, making it easy for investors to buy and sell shares.
Bid-Ask Spread
The bid-ask spread for VTEB is typically very tight, reflecting its high liquidity and efficient trading.
Market Dynamics
Market Environment Factors
VTEB's performance is influenced by factors such as interest rate movements, credit quality of municipal issuers, and overall economic conditions. Rising interest rates can negatively impact bond prices, while a strong economy generally supports municipal bond credit quality.
Growth Trajectory
VTEB's growth trajectory is tied to investor demand for tax-exempt income and the overall attractiveness of the municipal bond market. Changes in tax laws or interest rate expectations can influence its growth.
Moat and Competitive Advantages
Competitive Edge
VTEB benefits from Vanguard's reputation for low-cost investing and its efficient index-tracking methodology. Its low expense ratio provides a competitive advantage over higher-cost alternatives. VTEB's diversified portfolio of investment-grade municipal bonds helps to mitigate credit risk. The ETF also offers tax-exempt income, which is attractive to investors in higher tax brackets.
Risk Analysis
Volatility
VTEB's volatility is generally lower than that of equity ETFs, as it invests in relatively stable investment-grade municipal bonds.
Market Risk
VTEB is subject to market risk, including interest rate risk (rising rates can decrease bond values) and credit risk (issuers may default on their obligations). However, its diversified portfolio helps to mitigate these risks.
Investor Profile
Ideal Investor Profile
The ideal investor for VTEB is a risk-averse individual seeking tax-exempt income and diversification within the fixed-income market.
Market Risk
VTEB is suitable for long-term investors seeking stable income and tax advantages, and those pursuing passive index-following strategies.
Summary
Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) is a low-cost ETF that tracks the S&P National AMT-Free Municipal Bond Index. It offers investors diversified exposure to the investment-grade municipal bond market and provides tax-exempt income. VTEB is suitable for risk-averse investors seeking stable returns and tax advantages in a passively managed fund. Its main competitive advantage is Vanguard's reputation and low expense ratio of 0.05%.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Vanguard's official website
- ETF.com
- Morningstar
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vanguard Tax-Exempt Bond Index Fund ETF Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
This index includes municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT). All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in securities held in the index.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.