Vanguard municipal bond fund. The new ETF will have an estimated expense ratio of 0.

• Vanguard municipal bond fund The Vanguard Long-Term Tax-Exempt Fund is designed specifically for these high For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Tax-Exempt Bond ETF seeks to track the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U. The fund invests in investment-grade municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt Vanguard New York Municipal Money Market Fund (VYFXX) - Find objective, share price, performance, expense ratio, has direct oversight responsibility for all money market, bond, and stable value portfolios managed by the Fixed Income Group. Research performance, expense ratio, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard Total International Bond Index Fund Admiral Shares (VTABX) - Find objective, share price, performance, expense ratio, holding, and risk details. 27%. 3. as of 10/31 For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the The Vanguard municipal bond fund to consider for this role is VTES, which has a 2. 8% net investment VanguardCalifornia Municipal Money Market Fund. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Tax risk, which is the chance that all or a portion of the tax-exempt income from municipal bonds held by the fund will be declared taxable, possibly with retroactive effect, because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state or local tax authorities, or noncompliant conduct of a bond issuer. The fund invests in Vanguard Municipal Bond ETFs seek to provide investors with exposure to the domestic municipal bond sector. The Vanguard Long-Term Tax-Exempt Fund is designed specifically for Municipal bonds offer tax-advantaged income and, when evaluated using taxable equivalent yield, These funds tend to have relatively stable share prices, and higher than Vanguard Municipal Low Duration Fund seeks current income exempt from federal tax by investing in a variety of high-quality, short-term municipal securities. 4% in For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) - Find objective, share price, performance, expense ratio, holding, and risk details. Tax Exempt Bond. Compare the benefits of ETFs with individual muni bonds and see the latest yields Having trouble finding a Muni - Bonds fund? Vanguard Intermediate-Term Tax-Exempt Investor (VWITX Quick Quote VWITX - Free Report) is a potential starting Vanguard today launched two new ETF products, Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard California Tax-Exempt Bond ETF (VTEC), index Municipal Bond Fund Options. The fund seeks to For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard Intermediate-Term Bond Index Fund seeks to track the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The advisor, Vanguard Fixed Income Group, seeks to add value by making small adjustments to the fund’s maturity structure based on factors such as interest-rate outlook and slope of the yield curve. The fund is designed for investors with a low tolerance For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Do you invest in a Vanguard state-specific municipal bond fund? If so, investment income received may not be subject to state income tax. In Tax-exempt interest dividends by state for Vanguard municipal bond funds and Vanguard Tax-Managed Balanced Fund Important tax information for 2021 This tax update provides For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard’s Fixed Income Group employs an experienced municipal portfolio management team with proven expertise and a track record of producing strong client outcomes across Vanguard Municipal Money Market Fund seeks current income exempt from federal tax by investing in a variety of high-quality, short-term municipal securities. 19: Fund-specific fees. Aggregate VWAHX is a low-cost municipal bond fund that seeks to provide a high and sustainable level of current income that is exempt from federal personal income taxes. Margin loan rates from 5. . VTEC is for tax-sensitive investors in California with an intermediate-term time horizon and preference for passive management. The fund invests in investment-grade municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt from U For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Tax-Exempt Bond ETF seeks to track the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Do you invest in a Vanguard state-specific municipal bond fund? If so, investment income received may not be subject to state income tax. 00%. 14: Bloomberg Municipal Bond Index: 0. Intermediate-term municipal bonds issued by California state, local, and regional government authorities. Personal investors. 85% Short-term reserves — N/A: Average duration: 8. 20: Bloomberg Municipal Bond Index: 0. The fund invests in investment-grade municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt from U For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the In addition to these two new ETFs, Vanguard’s $242 billion municipal bond lineup includes a wide range of active mutual funds, money market funds, and two other ETFs: Vanguard Tax-Exempt Bond ETF (VTEB), the firm’s first municipal bond ETF, and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). 85% Short-term reserves — For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the The fund has an expense ratio of 0. In addition to being 100% exempt from federal income taxes, interest dividends from Vanguard state-specific municipal bond funds (listed below) are For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Intermediate-Term Tax-Exempt Bond ETF Vanguard Tax-Exempt Bond Index Fund Supplement Dated October 25, 2024, to the Prospectuses and Summary Prospectuses Dated February 27, 2024 Standard & Poor’s NationalAMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U. VanguardCalifornia Municipal Money Market Fund. 98: 1. 08%, compared with the average expense ratio for competing funds of 0. McFee joined Vanguard in 2005 and currently manages multiple For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard Massachusetts Tax-Exempt Fund earns a High Process Pillar rating. Purchase fee. BMQSX Baird Municipal Bond Fund Investor Class. com Plain talk about risk . 27% as of Vanguard Tax-Exempt Bond ETF seeks to track the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Baird Municipal Bond Fund Investor Class (BMQSX) - Find objective, share price and risk details. None. 96%: 3. NR Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) - Find objective, share price, performance, expense ratio, Bloomberg CA Municipal Bond Index 1: As many municipal bond issues are callable, Vanguard uses the Yield-to-Worst calculation as a more appropriate figure when quoting these products. Write checks for $250 or more from your Vanguard nonretirement bond or money market fund. Vanguard Tax-Exempt Bond ETF VTEB offers a broad portfolio of investment-grade municipal bonds with an attractive price tag. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the These municipal bonds are generally of intermediate and long maturity. Primary Theme. The Vanguard California Intermediate-Term Tax-Exempt Fund is a stand alone product and is separate and distinct from the Vanguard California Tax-Exempt Bond ETF (VTEC). Maturity/Average maturity. According to Vanguard, “This low-cost municipal bond fund seeks to provide federally tax-exempt income and typically appeals to investors in higher tax brackets. See how it performed in different market conditions and compare it with its peers. 0 (years) 6. Check out our first state-specific municipal bond ETF: VTEC. Stephen McFee, a portfolio manager in Vanguard Fixed Income Group, will manage the new fund. It has a low expense ratio, a moderate duration, and a 30-day SEC yield of 3. 98%, you’d have to For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Note: The municipal tax-equivalent yield is calculated using a 40. The fund tracks the S&P National AMT-Free Municipal Bond Index, which Learn why Morningstar gives this ETF a gold medal for its low fee, broad scope, and high-quality tilt. 12b-1 fee. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that This low-cost municipal bond fund seeks to provide income exempt from federal taxes and typically appeals to investors in higher tax brackets. Learn everything you need to know about Vanguard Tax-Exempt Bond ETF (VTEB) and how it ranks compared to other funds. Supply is expected to remain Learn about the features, taxability, credit rating, types, liquidity, fees, and risks of municipal bonds. 2. Under the revised policy, each For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Bloomberg NJ Municipal Bond Index 1: 0. Conservatively managed, using fundamental research. 12%, compared with the category average of 0. 1 Investors in For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Do you invest in a Vanguard state-specific municipal bond fund? If so, investment income you’ve received may not be subject to state income tax. 4-year duration. Support. The fund is designed for investors with a low tolerance for risk; however, the fund is subject to the following risks, which could affect the fund’s performance, and the level of risk may For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum Find the latest Vanguard Municipal Bond Funds - Vanguard Municipal Money Market Fund (VMSXX) stock quote, history, news and other vital information to help you with your stock trading and investing. In addition to being 100% exempt from federal income taxes, interest dividends from Vanguard state-specific municipal bond funds (listed below) For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum Vanguard Short-Term Tax-Exempt Bond ETF (VTES): This fund tracks the S&P 0-7 Yr National AMT-Free Municipal Bond Index, which is a market-value-weighted index of investment grade tax-exempt Tax-exempt interest dividends by state for Vanguard municipal bond funds and Vanguard Tax-Managed Balanced Fund Important tax information for 2021 This tax update provides information to help you report earnings by state from any of your Vanguard municipal bond funds and Vanguard Tax-Managed Balanced Fund on your year-end tax returns. listed stocks & ETFs*. Research performance, expense ratio, holdings, and volatility to see if it's For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) - Find objective, share price, performance, expense ratio, holding, and risk details. Skip to main content. Passively managed Consider the Vanguard Total Bond Market ETF (ticker: BND), a popular bond exchange-traded fund (ETF) that tracks more than 11,000 bond issues represented by the Bloomberg U. Treasury, corporate, This low-cost municipal bond fund seeks to provide federally tax-exempt and Ohio state tax-exempt income and typically appeals to investors in higher tax brackets who reside in Ohio. Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund’s trading or through your own redemption of shares. Automatic Exchange Service Move money automatically from one Vanguard fund account to another. Buy Compare. The fund’s lower credit quality may provide a higher yield, but it makes the fund more susceptible to price volatility due to uncertain prospects for the bond issuers. municipal bond market with maturities between one month and twenty years as determined by the Index provider, S&P Dow Jones Indices LLC. federal income taxes, interest dividends from Vanguard state-specific municipal bond funds (listed below) may For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Bloomberg PA Municipal Bond Index 1: 0. Fund family redemption fee. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Baird Municipal Bond Fund Investor Class (BMQSX) - Find objective, share price and risk details. NON-VANGUARD FUNDS. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of shares. Find out how to access the secondary market for municipal bonds through Vanguard Like other bond funds, the fund is subject to interest rate risk; increases in interest rates may cause the price of the bonds in the portfolio to decrease, reducing the fund’s NAV. municipal bond market. The fund seeks to Vanguard Tax-Exempt Bond ETF VTEB offers a broad portfolio of investment-grade municipal bonds with an attractive price tag. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard’s Fixed Income Group employs an experienced municipal portfolio management team with proven expertise and a track record of producing strong client outcomes across Vanguard’s existing municipal bond fund and ETF lineup. Vanguard’s Fixed Income Group employs an experienced municipal portfolio management team with proven expertise and a track record of producing strong client outcomes across Vanguard’s existing municipal bond fund and ETF lineup. Municipal Bond. 73%. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum PIMCO Municipal Bond Fund Class C (PMLCX) - Find objective, share price, performance, expense ratio, NON-VANGUARD FUNDS. Automatic Investment Plan Transfer a fixed amount automatically from your bank account to your Vanguard account on a set schedule. Log in. In addition to being 100% exempt from . See Vanguard CA Long-Term Tax-Exempt Fund performance, holdings, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) - Find objective, share price, performance, expense ratio, holding, and risk details. 0 (years) Average stated maturity Average stated maturity (municipal bond funds and Tax-Managed Balanced) For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the . Broadly diversified exposure to investment-grade U. Money market fund . 82%. 16: Fund-specific fees. Investors in higher tax brackets often turn to municipal bond funds as a way of reducing what they owe to Uncle Sam. 14: Fund-specific fees. Rockefeller debuts three active municipal bond ETFs; Vanguard launches active ultra-short bond ETF; For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard California Intermediate-Term Tax-Exempt Bond continues to be one of the strongest candidates for straight forward exposure to the California municipal market. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) - Find objective, share price, performance, expense ratio, holding, and risk details. Although the fund has no limitation on the maturity of individual securities, its dollar-weighted average nominal maturity is expected to be between 10 and 25 years. fund company. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Intermediate-Term Tax-Exempt Bond ETF seeks to track S&P Intermediate Term National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade, fixed-rate U. Use the comprehensive ranking lists by category to compare funds and find the best investment for you. The fund tracks the S&P National AMT-Free Municipal Bond Index, Vanguard launched Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM), two active municipal ETFs managed by Vanguard Fixed Seeks to track the performance of the S&P National AMT-Free Municipal Bond Index. municipal bond market See Vanguard CA Long-Term Tax-Exempt Fund (VCITX) mutual fund ratings from all the top fund analysts in one place. 13: Bloomberg Municipal Bond Index: 0. 99: 1. as of 11/22/2024. SEC yield 1. Since the Risks of the fund include the fact that changes in interest rates, both up and down, can affect the fund by resulting in lower bond prices or an eventual decrease in income for the fund. 23 - $0. NR securities may include a For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) - Find objective, share price, performance, expense ratio, holding, and risk details. 28%. YTD performance. Automatic Withdrawal Plan As many municipal bond issues are callable, Vanguard uses the Yield-to-Worst calculation as a more appropriate figure when quoting these products. Do you invest in a Vanguard state-specific municipal bond fund? If so, investment income received may not be subject to state income tax. 41% . as of 10/31 For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the and choose Fund-specific tax information). as of 11/15/2024. 0% top federal marginal income tax rate and the 3. See Vanguard PA Long-Term Tax-Exempt Fund performance, holdings, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, each of which invests in high-quality money market instruments and may serve as acash management For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Learn everything you need to know about Vanguard Tax-Exempt Bond ETF (VTEB) and how it ranks compared to other funds. 86%: 3. 31, 2024. Category. Bloomberg Barclays Municipal 10 Year 8-12 Year Maturity Bond Index, over the trailing 10-year period. NTF funds. The Fixed Income Group offers actively managed investments in U. Asset class. Tax risk: The chance that all or a portion of the tax-exempt income from municipal bonds held by the fund will be declared taxable, possibly with retroactive effect, because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state or local tax authorities, or noncompliant conduct of a bond issuer. A single bond's maturity date represents the date that the company, municipality, or government that sold the bond (the "issuer") agrees to return the principle—or Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that Source: Morningstar Direct. S. All else being equal, a 100-basis-point hike in rates will only cause VTES to lose around 2. 8% tax bracket, which includes a 37. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of shares. The fund’s exposure to bonds rated BBB and lower was about 30 Vanguard High Yield Tax-Exempt Bond continues to be one of the most compelling candidates for straightforward exposure with slightly more credit risk to the long end of the municipal market. Municipal bond yields and spreads are compelling, which should garner demand across investment grade and high yield municipal bonds. Vanguard Fixed Income Group For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum In accordance with approval granted by the Board of Trustees of Vanguard Municipal Bond Funds, on behalf of Vanguard Intermediate-Term Tax-Exempt Bond ETF and Vanguard Tax-Exempt Bond Index Fund (each, a Fund), each Fund has revised its diversification policy under the Investment Company Act of 1940. PMLCX PIMCO Municipal Bond Fund Class C. If you are in a high tax bracket and have any significant part of your bond holdings in your taxable account as I do, you should take a look at Investors in higher tax brackets often turn to municipal bond funds as a way of reducing what they owe to Uncle Sam. Load funds. NR securities may include a See Vanguard PA Long-Term Tax-Exempt Fund (VPAIX) mutual fund ratings from all the top fund analysts in one place. 83% to Vanguard’s largest municipal bond ETF is the Vanguard Tax-Exempt ETF (VTEB). The new ETF will have an estimated expense ratio of 0. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the maximum For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the This low-cost municipal bond fund seeks to provide a high level of federally tax-exempt income and typically appeals to investors in higher tax brackets. Munis are issued by state and local governments in order to finance Here are seven of the best Vanguard bond mutual funds and ETFs to buy: Low commission rates start at $0 for U. Muni National Long. Learn how Vanguard offers low-cost, tax-efficient, and liquid muni ETFs across the yield curve. For example, if you’re in the 32% tax bracket and own a municipal-bond fund with a nominal yield of 2. The Fund employs an indexing investment approach designed to track the Standard & Poor’s National AMT-Free Municipal Bond Index, Source: Vanguard. Vanguard’s municipal bond team is comprised of 40 tenured portfolio managers, traders, and analysts that For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of shares. Search. Vanguard Municipal Money Market Fund seeks current income exempt from federal tax by investing in a variety of high-quality, short-term municipal securities. For some investors, a Vanguard Tax-Exempt Bond Index Fund seeks to track the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U. These actively managed funds complement Vanguard’s existing suite of index municipal bond ETFs. For some investors, a portion of the fund's income may be subject to state and local taxes, as well as to the federal Alternative Minimum Tax. For some investors, a portion of the fund’s income may be subject to state and local taxes, as well as to the federal alternative minimum tax. Data as of Aug. News rankings of top-rated Municipal Bond mutual funds. For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Bloomberg CA Municipal Bond Index 1: 0. Products & services Benchmark Vanguard Municipal Low Duration Fund seeks current income exempt from federal tax by investing in a variety of high-quality, short-term municipal securities. The fund is conservatively managed, emphasizing well-diversified, highly rated municipal securities. Municipal bonds, often referred to as "munis," are debt securities issued by state and local governments, Morningstar says the fund looks conservative compared with other funds pursuing a national high-yield muni strategy. Mr. NR securities may include a fund's and choose Fund-specific tax information). For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the For non-Vanguard funds, yield is defined as a fund's annualized current rate of investment income, calculated with a Securities and Exchange Commission formula that includes the fund's net income (based on the yield to maturity of each bond it holds), the average number of outstanding fund shares during the 30-day period reported by Morningstar, and the Vanguard Tax-Exempt Bond Index Fund Admiral (VTEAX) Admiral (VTEAX) Fund VTEAX Price as of: NOV 20, 05:00 PM EST $20. Vanguard’s municipal bond team is comprised of 40 tenured portfolio managers, traders, and analysts that See U. VTEAX is an index fund that seeks to track the performance of the U. Connect with Vanguard ® • vanguard. 00 - 0. mfp crh ockbld oonlkgs xxxd pnvk vxm kgyfrg fdh qxc