VANG.MUN.BD-TAX.EX.BD I. (6VMA)
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The IRS Can't Touch This Fund's 3.4% Yield
If you own the Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB), the pitch that sold you is easy to defend.
VTEB: A Low-Cost Tax-Exempt Fund Retaining Appeal With Intermediate Duration
Vanguard Tax-Exempt Bond ETF offers a compelling, ultra-low-cost, tax-exempt fixed-income allocation with an intermediate duration profile. VTEB's ~3.5% tax-exempt yield translates to a tax-equivalent yield of ~5.6–5.9% for top-bracket investors, outpacing comparable Treasury ETFs. The fund's intermediate duration strikes a balance between yield and interest-rate risk amid current market uncertainty and a volatile rate trajectory.
How a Couple With $1 Million in Retirement Can Build a Tax-Efficient $2,392 Monthly Income Stream Using 2 Vanguard ETFs
A 50/50 VYM/VTEB portfolio with $1 million in principal would currently generate approximately $28,700 annually, or roughly $2,392 per month, before taxes where applicable, and before any future changes in fund distributions.
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VANG.MUN.BD-TAX.EX.BD I. Profile
| XBER Exchange | US Country |
Overview
This index-focused financial entity specializes in providing investors access to municipal bonds issued primarily by state or local governments or agencies. These bonds are attractive to investors seeking tax-exempt income, as the interest generated from these investments is exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT). The investment strategy of this entity revolves around a sampling process that selects a representative collection of securities that mirror the performance of its underlying index. In adherence to its investment policy, a minimum of 80% of the entity's assets are invested directly in the securities that are constituents of the index it tracks.
Products and Services
- Municipal Bond Investments
- Index-Sampling Investment Strategy
This service offers investors the opportunity to invest in municipal bonds that are exempt from U.S. federal income taxes and the AMT. Investors can benefit from the regular income generated by these bonds, making them an attractive option for those looking to earn tax-efficient income. This product focuses on bonds issued by state or local governments or agencies, ensuring that investments not only provide financial returns but also contribute to the funding of public projects and services.
At the core of its operations, this entity employs a sophisticated index-sampling strategy designed to replicate the performance of its targeted index. This approach involves selecting a representative sample of bonds from the index, aiming to match its overall investment characteristics and performance. This method allows for efficient management of the fund and seeks to minimize tracking error versus the benchmark index, providing investors with a cost-effective way to gain exposure to a broad array of municipal bonds.
