Vanguard Tax-Exempt Bond Index Admiral (VTEAX)

Fund Assets	56.69B
Expense Ratio	0.068%
Min. Investment	$3,000
Turnover	23.00%
Dividend (ttm)	0.67
Dividend Yield	3.42%
Dividend Growth	4.02%
Payout Frequency	Monthly
Ex-Dividend Date	Nov 2, 2026

Previous Close	19.66
YTD Return	0.33%
1-Year Return	0.64%
5-Year Return	3.33%
52-Week Low	18.76
52-Week High	20.46
Beta (5Y)	0.04
Holdings	11156
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 0.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.25%.

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
Nov 2, 2026	$0.0568	Nov 3, 2026
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

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Nov 12, 2026

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