Vanguard Tax-Exempt Bond Index Admiral (VTEAX)

Fund Assets	51.71B
Expense Ratio	0.068%
Min. Investment	$3,000
Turnover	23.00%
Dividend (ttm)	0.67
Dividend Yield	3.53%
Dividend Growth	4.35%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 1, 2026

Previous Close	19.03
YTD Return	-3.17%
1-Year Return	-2.31%
5-Year Return	0.22%
52-Week Low	18.76
52-Week High	20.46
Beta (5Y)	0.04
Holdings	10724
Inception Date	Aug 25, 2015

About VTEAX

This index fund seeks to replicate the performance of a benchmark index representing the investment-grade portion of the U.S. municipal bond market. It achieves this by employing an indexing strategy designed to track the Standard & Poor’s National AMT-Free Municipal Bond Index, utilizing a sampling technique to align with key characteristics of the benchmark. All holdings are selected through this sampling process, ensuring that at least 80% of the fund's assets are invested in securities found within the index. Under typical circumstances, a minimum of 80% of the fund's assets will be dedicated to securities whose income is exempt from federal income taxes and the federal alternative minimum tax. A notable risk for the fund is that changes in interest rates can negatively impact it: rising rates may cause bond prices to fall, while declining rates could eventually reduce the fund's income. This fund may appeal to investors looking for potentially federal tax-exempt income who can tolerate moderate fluctuations in both price and income. Regarding 75% of its total assets, the fund is restricted from purchasing more than 10% of any issuer's outstanding voting securities, or investing over 5% of its total assets in a single issuer, unless doing so is essential to closely match its target index. These specific limitations do not extend to obligations issued by the U.S. government or its agencies.

• Fund Family: Vanguard
• Category: Muni National Interm
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VTEAX
• Share Class: Admiral Shares
• Index: S&P National AMT-Free Municipal Bond TR

Performance

VTEAX had a total return of -2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.94%.

Equivalent ETF

VTEAX has an equivalent ETF with the ticker symbol VTEB, the Vanguard Tax-Exempt Bond ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.03% compared to 0.068% for VTEAX.

Symbol	Name	Expense Ratio
VTEB	Vanguard Tax-Exempt Bond ETF	0.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 1, 2026	$0.0543	Oct 2, 2026
Sep 1, 2026	$0.0567	Sep 2, 2026
Aug 3, 2026	$0.056	Aug 4, 2026
Jul 1, 2026	$0.0561	Jul 2, 2026
Jun 1, 2026	$0.0546	Jun 2, 2026
May 1, 2026	$0.0563	May 4, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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