(VTEI) Intermediate-Term - BATS
ETF Category: Muni National Interm | Exchange: BATS (USA) | Market Cap: 1.483m USD | Total Return: 6% in 12m
Avg Turnover: 9.83M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Vanguard Intermediate-Term Tax-Exempt Bond (VTEI) is an exchange-traded fund that tracks a diversified index of investment-grade, fixed-rate U.S. municipal bonds. The fund maintains a primary mandate to invest at least 80% of its assets in securities that generate income exempt from both federal income taxes and the federal Alternative Minimum Tax (AMT). Its holdings typically feature maturities ranging from one month to 20 years.
The municipal bond sector consists of debt securities issued by states, cities, and counties to fund public infrastructure projects like schools, highways, and water systems. These instruments are often favored by investors in high tax brackets because the interest income is generally exempt from federal taxes, providing a higher taxable-equivalent yield compared to corporate bonds of similar credit quality. For deeper insights into these tax-advantaged yields, consider reviewing the detailed metrics on ValueRay.
- Federal Reserve interest rate pivots shift municipal bond yields and valuations
- Changes in federal tax policy alter demand for tax-exempt income streams
- Credit rating shifts within the U.S. municipal bond market impact pricing
- Treasury yield curve movements influence intermediate-term fixed income total returns
- State and local government fiscal health dictates underlying bond default risk
As of June 20, 2026, the stock is trading at USD 100.89 with a total of 74,230 shares traded.
Over the past week, the price has changed by +0.27%,
over one month by +1.48%,
over three months by +0.89% and
over the past year by +5.98%.
Intermediate-Term has no consensus analysts rating.