VTEB
US Municipal BondVanguard Tax-Exempt Bond Index Fund ETF Shares
Vanguard · Tracks Standard & Poor's National AMT-Free Municipal Bond Index · Inception Aug 21, 2015
Trailing returns
through Oct 23, 2026- 1 year
- -0.9%
- 3 year
- +4.0%
- annualized
- 5 year
- +0.4%
- annualized
Price return from month-end closes, distributions reinvested at month end. Excludes trading costs, bid-ask spreads and taxes. Past performance says nothing about future returns and is not part of the composite score — see the methodology for what the score does measure.
Composite score
Based on a 0.030% expense ratio.
Based on $51.71B in net assets for the whole fund, all 2 share classes. Our sources don't report the ETF class alone.
Top-10 holdings represent 0.9% of net assets.
US Municipal Bond base · ETF wrapper · 3.50% TTM yield.
The composite is a weighted average of the four core sub-scores above (cost, tax efficiency, liquidity, concentration). Missing sub-scores fall back to the per-category median when the category has at least 50% data coverage, so funds without (e.g.) parsed N-PORT holdings aren't accidentally boosted by renormalization. Tracking quality is shown where computable but isn't currently part of the composite weighting. See methodology for formulas, the tracking-quality partial-coverage rationale, and the dimensions we deliberately don't score (methodology v0.5.2).
Look through VTEB, or compare the fee
Tool · Look-through
Underlying holdings, with other funds added
Add tickers and weights; N-PORT positions are summed across the basket.
Tool · Cost
Compare VTEB's fee against another fund
Compounds the 0.030% expense ratio against a peer over decades.
Tool · Overlap
Compare VTEB's holdings with peers
Pairwise holdings heatmap, pre-loaded with similar US Municipal Bond funds.
Tool · TLH
Find a tax-loss harvesting partner for VTEB
Ranks every catalog fund by holdings overlap, flags wash-sale risk.
Tool · Placement
Asset location for VTEB across account types
Asset-location optimizer — places each fund in taxable / tax-deferred / Roth.
Top holdings
| # | Holding | Weight |
|---|---|---|
| 1 | City of New York NY | 0.12% |
| 2 | University of California | 0.11% |
| 3 | State of Idaho | 0.10% |
| 4 | State of California | 0.10% |
| 5 | State of Maryland | 0.09% |
| 6 | New York State Thruway Authority | 0.09% |
| 7 | Triborough Bridge & Tunnel Authority | 0.09% |
| 8 | Dallas Independent School District | 0.08% |
| 9 | Ohio Water Development Authority Water Pollution Control Loan Fund | 0.08% |
| 10 | Energy Northwest | 0.08% |
Compare VTEB with another fund
Or skim the closest-overlap funds below.
Similar ETFs by holdings overlap
Open VTEB at a brokerage
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.