Vanguard Intermediate Tax-Exempt Bond ETF

VTEI tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below 20 years.

Vanguard Intermediate-Term Bond ETF

The yield curve is starting to steepen again, giving fixed income investors an opportunity to consider long-term debt again. However, if the risk of stepping too far out into the yield curve is too much to bear, consider using intermediate bond options.

2 Intermediate Bond Options for Immediate Consideration

Vanguard Intermediate-Term Tax-Exempt Bond ETF offers tax-efficient income from municipal bonds with low expense ratio and high diversification. VTEI has a large number of holdings, high credit quality, and focuses on 10-20 year maturities, making it a good choice for conservative investors. While VTEI is a strong option, investors should be aware of municipal bond default risk and potential vulnerability to interest rate movements.

VTEI: A Great Option For Conservative Investors

Vanguard launched a new municipal bond ETF, the Vanguard Intermediate-Term Tax-Exempt Bond ETF.  The ETF primarily invests in fixed-rate municipal bonds with maturities between one month and twenty years. This article reviews the VTEI ETF in depth and then compares it against three competing funds with similar goals. For those who want an ETF to play it somewhat safe compared to other municipal bond strategies, then I would give VTEI my Buy rating.

VTEI: Vanguard's New Intermediate Muni ETF

Vanguard California Tax-Exempt Bond ETF

Municipal bonds offer a mix of relative quality and yield. So the timing couldn't be more auspicious for exchange traded fund (ETF) provider Vanguard to debut a pair of muni-focused funds.

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