VTEB is a Bond ETF from Vanguard holding 10185 positions as of Apr 30, 2026, with $45.7B in assets and a 0.03% net expense ratio. Its largest positions are University of California, Series 2025CD (0.1%), TRIBOROUGH BRIDGE-A-1 (0.1%) and COLORADO ST-B-TRANS (0.1%); the top 10 holdings account for 1.0% of the portfolio. It yields 3.41% on a trailing-12-month basis.
- Issuer
- Vanguard
- Holdings
- 101851.2% cash, collateral & derivative positions excluded
- Net Assets
- $45.7BETF assets as of 2026-08-10
- Expense Ratio
- 0.03%per latest SEC prospectus filing
- TTM Yield
- 3.41%trailing 12-month distributions
Performance
- 1M
- -0.9%
- YTD
- +1.0%
- 1Y
- +5.5%
- 3Y (ann.)
- +3.5%
- 5Y (ann.)
- +0.7%
- 10Y (ann.)
- +1.9%
A $10,000 investment 10 years ago would be worth $12,118 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | University of California, Series 2025CD | 0.12% |
| 2 | TRIBOROUGH BRIDGE-A-1 | 0.11% |
| 3 | COLORADO ST-B-TRANS | 0.11% |
| 4 | State of California, Series 2007 | 0.11% |
| 5 | NYC TRANSITIONAL-A-1 | 0.09% |
| 6 | Dallas Independent School District, Series 2026B | 0.09% |
| 7 | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2025 | 0.08% |
| 8 | New York State Dormitory Authority, Series 2024A | 0.08% |
| 9 | New York State Dormitory Authority, Series 2019D | 0.08% |
| 10 | Ohio State University (The), Series 2026A | 0.08% |
| 11 | New York City Transitional Finance Authority Future Tax Secured, Series 2026, Sub-Series D-1 | 0.08% |
| 12 | TNDR OPT-FLTRS-VRS222 | 0.08% |
| 13 | State of Illinois, Series 2017C | 0.08% |
| 14 | Los Angeles Department of Water & Power, Series 2025C | 0.08% |
| 15 | NH MUNI BD BK-C | 0.08% |
| 16 | New Jersey Transportation Trust Fund Authority, Series 2018A | 0.07% |
| 17 | Triborough Bridge & Tunnel Authority Sales Tax, Series 2024A-1 | 0.07% |
| 18 | Los Angeles Unified School District, Series 2024A | 0.07% |
| 19 | State of Wisconsin, Series 2026A | 0.07% |
| 20 | New Jersey Transportation Trust Fund Authority, Series 2024CC | 0.07% |
| 21 | Los Angeles Unified School District, Series 2024A | 0.07% |
| 22 | State of Illinois, Series 2017D | 0.07% |
| 23 | New York City Transitional Finance Authority Future Tax Secured, Series 2026B | 0.07% |
| 24 | New Jersey Transportation Trust Fund Authority, Series 2025 AA, RB | 0.07% |
| 25 | Salt River Project Agricultural Improvement & Power District, Series 2024 A, RB | 0.07% |
Showing the top 25 of 10185 holdings. See the full VTEB holdings list →
VTEB alternatives
The closest Bond ETFs to VTEB by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 PZAInvesco National AMT-Free Municipal Bond ETF | 28% | 0.28%pricier | $4.2B | Compare → |
 MUBiShares National Muni Bond ETF | 26% | 0.05%pricier | $45.3B | Compare → |
 SUBiShares Short-Term National Muni Bond ETF | 8% | 0.07%pricier | $11.3B | Compare → |
 CMFiShares California Muni Bond ETF | 7% | 0.08%pricier | $4.6B | Compare → |
Frequently Asked Questions
What is VTEB's expense ratio?
VTEB has a net expense ratio of 0.03%, per its latest SEC prospectus filing. That works out to about $3 a year on a $10,000 investment.
How many holdings does VTEB have?
VTEB held 10185 positions as of Apr 30, 2026, per its latest official holdings data. Cash, collateral and derivative positions (1.2% of portfolio weight) are excluded from that count.
What are VTEB's top 10 holdings?
VTEB's largest positions are University of California, Series 2025CD (0.1%), TRIBOROUGH BRIDGE-A-1 (0.1%), COLORADO ST-B-TRANS (0.1%), State of California, Series 2007 (0.1%), NYC TRANSITIONAL-A-1 (0.1%), Dallas Independent School District, Series 2026B (0.1%), Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2025 (0.1%), New York State Dormitory Authority, Series 2024A (0.1%), New York State Dormitory Authority, Series 2019D (0.1%), Ohio State University (The), Series 2026A (0.1%). Together they account for 1.0% of the portfolio.
What is VTEB's dividend yield?
VTEB yields 3.41% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is VTEB?
VTEB has $45.7B in assets as of Aug 10, 2026.
What are good alternatives to VTEB?
By portfolio overlap, the closest Bond ETFs to VTEB are PZA (28% overlap), MUB (26% overlap), SUB (8% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.