Key stats
About Vanguard Tax-Managed Funds Vanguard Long-Term Tax-Exempt Bond ETF
Home page
Inception date
May 20, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VTEL tracks an index measuring the investment grade segment of the US municipal bond market, aiming for federal and AMT tax-exempt interest income. It focuses on bonds with maturities over 10 years issued by state and local governments or their agencies. The fund uses a sampling approach to select a diversified portfolio of securities that collectively matches the risk, credit quality, and duration characteristics of the index. Bonds included are investment grade, with a minimum outstanding par amount of $25 million, to ensure sufficient liquidity and credit stability. The strategy emphasizes maintaining a maturity profile aligned with the index, offering exposure to long-duration, tax-exempt fixed-income securities that provide income stability and help manage interest rate risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal95.71%
Cash4.10%
Mutual fund0.20%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VTEL last dividends amounted to 0.25 USD. The month before, the issuer paid 0.47 USD in dividends, which shows a 89.12% decrease.
VTEL assets under management is 62.03 M USD. It's risen 77.82% over the last month.
VTEL fund flows account for 37.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, VTEL pays dividends to its holders with the dividend yield of 4.31%. The last dividend (Aug 5, 2025) amounted to 0.25 USD. The dividends are paid monthly.
VTEL shares are issued by The Vanguard Group, Inc. under the brand Vanguard. The ETF was launched on May 20, 2025, and its management style is Passive.
VTEL expense ratio is 0.09% meaning you'd have to pay 0.09% of your investment to help manage the fund.
VTEL follows the S&P 10+ Year National AMT-Free Municipal Bond Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VTEL invests in bonds.
VTEL trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.