Vanguard Tax-Exempt Bond Index Fund Admiral Shares

Frequently Asked Questions About VTEAX

What are the top holdings of VTEAX?

Vanguard Tax-Exempt Bond Index Fund Admiral Shares holds 9889 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does VTEAX have?

VTEAX holds 9889 positions as reported by the fund's most recent disclosure.

What sectors does VTEAX invest in?

Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is VTEAX most exposed to?

VTEAX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is VTEAX a US-only fund?

The country allocation card on this page shows VTEAX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does VTEAX invest in?

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.