About Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB)

Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) is an exchange-traded fund that aims to track the performance of the S&P National AMT-Free Municipal Bond Index. This index consists of investment-grade municipal bonds issued by U.S. states and local governments. VTEB provides investors with exposure to a diversified portfolio of tax-exempt municipal bonds. The fund seeks to provide income that is exempt from federal personal income taxes, making it attractive for investors in higher tax brackets.

With VTEB, investors can gain access to the tax advantages of municipal bonds without the need to purchase individual bonds. The fund offers a low-cost and convenient way to invest in a broad range of tax-exempt bonds, providing diversification and potential stability to an investment portfolio. VTEB's holdings include bonds issued by various municipalities across the United States, with a focus on high-quality and investment-grade securities.