VTEI

Vanguard Intermediate-Term Tax-Exempt Bond ETF

$100.66

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The Vanguard Intermediate-Term Tax-Exempt Bond ETF seeks to provide current income that is exempt from federal personal income taxes, while preserving capital.

Overview

ETF tracking Vanguard Intermediate-Term Tax-Exempt Bond ETF

Category Fixed Income

Issuer Vanguard

Inception Date 2024-01-30

Market Cap $883.3M

Average Volume N/A

Dividend Yield 2.49%

52-Week Range $96.37 - $101.10

VWAP $100.74

Performance

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Investment Summary

📎 Investment Objective

The Vanguard Intermediate-Term Tax-Exempt Bond ETF seeks to provide current income that is exempt from federal personal income taxes, while preserving capital.

🎯 Investment Strategy

The ETF invests primarily in high-quality municipal bonds with intermediate-term maturities, typically 5 to 10 years. The fund's portfolio is actively managed to maintain a dollar-weighted average maturity consistent with intermediate-term bonds.

✨ Key Features

Invests in a diversified portfolio of municipal bonds to provide tax-exempt income
Focuses on intermediate-term bonds to balance income and interest rate risk
Actively managed to maintain an optimal portfolio duration and credit quality
Seeks to provide a steady stream of tax-exempt income for investors

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the issuers of the municipal bonds
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income
Liquidity risk: The fund may have difficulty selling certain bonds, especially during periods of market stress

👤 Best For

The Vanguard Intermediate-Term Tax-Exempt Bond ETF is best suited for investors seeking a source of tax-exempt income and moderate capital appreciation, with a medium-term investment horizon. It may be particularly attractive for investors in higher tax brackets who are looking to minimize their tax liability.