VTEAX Performance — Vanguard Tax-Exempt Bond Index Fund, Admiral Shares
Data updated: 2026-09-28
VTEAX returned +0.32% year to date and +5.18% over one year to Jul 2026. Annualised returns are +2.82% over 3 years and +0.47% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $109, against $110 for the category, and to $105 over one year, against $106. Volatility over the past three years was 5.47% a year. In the 12 months to Jul 2026 the fund took in a net $7.6B, and assets reached $48.52B.
VTEAX Growth of $100
What $100 invested in Vanguard Tax-Exempt Bond Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | VTEAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $111 | $110 |
VTEAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.32% |
| 1 year | +5.18% |
| 3 years (annualised) | +2.82% |
| 5 years (annualised) | +0.47% |
VTEAX Annual Returns
Calendar-year total returns of Vanguard Tax-Exempt Bond Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.32% |
| 2025 | +3.66% |
| 2024 | +1.36% |
| 2023 | +6.15% |
| 2022 | −8.22% |
| 2021 | +1.43% |
| 2020 | +4.98% |
| 2019 (Aug–Dec) | +1.35% |
VTEAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.3% | −2.2% | +1.1% | +0.4% | +0.8% | −1.8% | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.8% | −0.6% | −0.3% | +0.7% | −0.3% | +0.8% | +2.4% | +1.1% | +0.3% | +0.1% |
| 2024 | −0.2% | 0.0% | −0.2% | −1.1% | −0.2% | +1.5% | +0.8% | +0.8% | +1.0% | −1.3% | +1.7% | −1.2% |
| 2023 | +2.9% | −2.3% | +2.2% | −0.2% | −0.7% | +0.8% | +0.2% | −1.2% | −2.7% | −1.1% | +6.1% | +2.3% |
| 2022 | −2.6% | −0.5% | −2.9% | −2.7% | +1.7% | −1.9% | +2.6% | −2.4% | −3.4% | −0.7% | +4.7% | −0.2% |
| 2021 | +0.6% | −1.7% | +0.6% | +0.9% | +0.3% | +0.3% | +0.7% | −0.4% | −0.8% | −0.1% | +0.8% | +0.1% |
| 2020 | +1.8% | +1.3% | −3.4% | −1.4% | +3.2% | +0.7% | +1.5% | −0.4% | −0.1% | −0.2% | +1.5% | +0.6% |
| 2019 | — | — | — | — | — | — | — | +1.6% | −0.8% | +0.1% | +0.2% | +0.3% |
VTEAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.47%
- 3-year Sharpe ratio: -0.31 (vs 4.5% risk-free rate)
- Best month: +6.09% (Nov 2023)
- Worst month: −2.74% (Sep 2023)
VTEAX Fund Flows
Monthly money in and out of Vanguard Tax-Exempt Bond Index Fund, from SEC Form N-PORT.
- 12-month net flow: $7.6B
- 12-month gross sales (incl. reinvestments): $15.1B
- Sales ÷ redemptions: 2.01×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.5B | $796.1M | $721.3M |
| Jun 2026 | $1.7B | $717.9M | $990.3M |
| May 2026 | $2.1B | $172.1M | $1.9B |
| Apr 2026 | $1.6B | $607.8M | $1.0B |
| Mar 2026 | $1.4B | $1.0B | $398.8M |
| Feb 2026 | $344.0M | $2.3B | −$2.0B |
| Jan 2026 | $1.4B | $373.1M | $1.0B |
| Dec 2025 | $884.5M | $120.9M | $763.6M |
| Nov 2025 | $995.8M | $367.2M | $628.5M |
| Oct 2025 | $1.2B | $99.7M | $1.1B |
| Sep 2025 | $918.1M | $480.3M | $437.7M |
| Aug 2025 | $979.5M | $417.6M | $562.0M |
VTEAX Assets Under Management
Net assets of Vanguard Tax-Exempt Bond Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $48.52B |
| 2026-04-30 | $45.59B |
| 2026-01-31 | $46.45B |
| 2025-10-31 | $43.94B |
| 2025-07-31 | $40.34B |
| 2025-04-30 | $38.37B |
| 2025-01-31 | $38.79B |
| 2024-10-31 | $37.78B |
| 2024-07-31 | $36.12B |
| 2024-04-30 | $34.65B |
| 2024-01-31 | $34.44B |
| 2023-10-31 | $30.28B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.