VTEB - VTEI: Vanguard's New Intermediate Muni ETF
2024-05-11 08:00:00 ET
Summary
- 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.
Introduction
As the calendar moves toward 2026, the discussion of whether to extend the current income tax laws that expire at the end of 2025 is heating up and should enter a more public mode as this year's presidential and congressional campaigns kick into high gear. President Biden has stated his view: continuing tax cuts for families making less than $400,000, but not extending tax cuts or restoring tax breaks for those making more than $400,000 per year. Since the current laws were passed during his presidency, Republican candidate Mr. Donald Trump would likely extend the current laws. Of course, which party controls what part or parts of Congress will play a role in what happens....
VTEI: Vanguard's New Intermediate Muni ETF