VTEB · Vanguard Tax-Exempt Bond ETF
Issuer: Vanguard
An index ETF tracking the S&P National AMT-Free Municipal Bond Index, with diversified holdings of investment-grade municipal bonds issued mainly by U.S. states, local governments, and agencies. Bond interest is generally exempt from U.S. federal income tax and the federal alternative minimum tax, but state, local and non-U.S. tax treatment may differ. It is exposed to interest-rate and credit risks, pays monthly distributions and has a 0.03% annual expense ratio.
ETF · US ETF average
Long-term returns ★★★☆☆☆☆☆☆☆ Five-year cumulative total return near +3.8%.
Stability ★★★★★★★☆☆☆ Five-year maximum price drawdown around 14.7%.
Costs ★★★★★★★★★★ Annual expense ratio of just 0.03%.
Upside potential ★★★☆☆☆☆☆☆☆ Best calendar-year return: about +6.2% in 2023.
Liquidity ★★★★★★★★★☆ One-year average daily trading value about $550M.
Performance
1-month total return: 4%
1-year total return: 1%
5-year total return: 4%
Stability
1-month MDD: 0%
1-year MDD: -8%
5-year MDD: -15%