Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETF
VTEL
Chicago Board Options Exchange- -
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Blvd Malvern PA United States of America 19355
- IPO Date
- May 22, 2025
- CIK
- 0000225997
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) is an exchange-traded fund managed by The Vanguard Group, Inc. that seeks to track the performance of the S&P 10+ Year National AMT-Free Municipal Bond Index through a passively managed, index-sampling strategy focused on long-duration U.S. municipal bonds that provide income exempt from federal income taxes and the federal alternative minimum tax; the fund is a stand-alone product separate and distinct from Vanguard Long-Term Tax-Exempt Fund. The ETF, launched in 2025 and headquartered within Vanguard’s Valley Forge, Pennsylvania operating structure, invests mainly in investment-grade, fixed-rate municipal securities issued by state and local governments or agencies, with at least 80% of assets normally invested in securities held in the target index; as of June 30, 2026, it reported $288 million in net assets, a 0.09% expense ratio, monthly distributions, 4,088 bonds held, an average duration of 9.1 years, and an average effective maturity of 19.8 years. Recent company-level changes include the fund’s 2025 launch, continued portfolio scaling through 2026, and the June 2026 update of the fund fact sheet reflecting its latest asset, performance, and portfolio statistics; the portfolio is overseen by Vanguard Fixed Income Group portfolio manager Justin A. Schwartz, CFA, who has advised the fund since inception.