ATLASVanguard Tax-Exempt Bond ETF (VTEB): outlook, holdings and fees
Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund and is managed by Vanguard. The expense ratio is 0.05% and the yield is 3.71%. The ten largest holdings are 2% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on VTEB
| Last price | $48.80 (-0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 66% |
| Likely 1-month range (50%) | $48.62 – $49.53 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 3.71% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
VTEB fund facts
| Issuer | Vanguard |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $50.0B |
| Expense ratio | 0.05% |
| Number of holdings | 10 |
| Portfolio turnover | 23% |
| Inception | Aug 21, 2015 |
| Exchange | NYSE |
The Target Index includes municipal bonds issued by states, local governments, or agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT). Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds that make up the Target Index.
VTEB top holdings
| Holding | Sector | Weight |
|---|---|---|
| TEXAS ST | – | 0.39% |
| DENVER COLO CITY & CNTY DEDICATED TAX REV | – | 0.25% |
| SAN ANTONIO TEX ELEC & GAS REV | – | 0.25% |
| SEATTLE WASH MUN LT & PWR REV | – | 0.25% |
| FLORIDA ST BRD ED PUB ED | – | 0.23% |
| GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV | – | 0.23% |
| METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA | – | 0.23% |
| DELAWARE ST | – | 0.23% |
| SAN DIEGO CALIF UNI SCH DIST | – | 0.22% |
| METROPOLITAN TRANSN AUTH N Y REV | – | 0.19% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
VTEB returns and risk
| Year to date | -3.3% |
|---|---|
| 1 year | -2.2% |
| 3 years (annualised) | +3.0% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | +1.6% |
| Volatility (3 years) | 5.5% |
| Sharpe ratio (3 years) | -0.29 |
Past returns do not guarantee future results.
VTEB: frequently asked questions
What does VTEB invest in?
Vanguard Tax-Exempt Bond ETF invests in a portfolio of securities. Its largest holdings are TEXAS ST (0.4%), DENVER COLO CITY & CNTY DEDICATED TAX REV (0.3%), SAN ANTONIO TEX ELEC & GAS REV (0.3%), SEATTLE WASH MUN LT & PWR REV (0.3%), FLORIDA ST BRD ED PUB ED (0.2%).
What is the VTEB expense ratio?
0.05% a year: about $5.00 for every $10,000 invested.
What is the VTEB dividend yield?
3.71%. ATLAS does not hold the exact distribution dates for ETFs.
Will VTEB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 66%, with a likely range (50%) of $48.62 to $49.53 from $48.80 today. It is a probability, not a prediction.
How has VTEB performed?
Year to date -3.3%, one year -2.2%, three years +3.0% a year, five years 0.0% a year. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
- Schwab U.S. Aggregate Bond ETF (SCHZ)
Educational information, not investment advice. Disclaimer