Vanguard Tax-Exempt Bond is a great option for low-cost exposure to the investment-grade, tax-exempt bond market. The strategy earns a Morningstar Analyst Rating of Gold.
Will VTEAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTEAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VTEAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VTEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.