VTEI – Vanguard Intermediate-Term Tx-Exm Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. The Target Index measures the performance of investment-grade, fixed-rate U.S. municipal bonds with maturities between one month and 20 years, as determined by the index Provider. Under normal circumstances, invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities whose income is exempt from federal income taxes and the federal AMT. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VTEI	Vanguard Intermediate-Term Tax-Exempt Bond ETF	ETF	Open	—		Jan 29, 2024	$1.74B	0.080%	—	—	$741.51M

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