Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI)

Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is an exchange-traded fund in the Muni National Interm category. It has $1.50B in assets, an expense ratio of 0.08% and a 3.04% dividend yield. 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.