Vanguard Introduces Pair of New Muni Bond ETFs: VTEL, MUNY
Vanguard, with roughly $2.9 trillion in 89 ETFs, is expanding its bond exchange-traded fund lineup with two new tax-exempt municipal bond ETFs, the asset management giant announced Thursday.
Both the Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and the Vanguard New York Tax-Exempt Bond ETF (MUNY) are designed for investors looking to generate tax-exempt income through high-quality fixed income. Each ETF comes with a 0.09% expense ratio and may be attractive to investors who prefer passive management, according to a press release issued by Vanguard.
'This is a really great time for investing in muni bonds,' Perryne Desai, senior fixed-income product manager at Vanguard, told etf.com. 'When you look at the long end of the curve, you're getting almost the same yield from a 30-year municipal product as you are in a Treasury product, and then you get the tax-equivalent benefit.'
The introduction of these funds builds on years of launching similar products, starting with the flagship Vanguard Tax-Exempt Bond ETF (VTEB) in 2015. The firm then debuted the Vanguard Short-Term Tax-Exempt Bond ETF (VTES) in 2023, followed by the Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard California Tax-Exempt Bond ETF (VTEC) in 2024. The two funds introduced today 'represent the finality of that lineup build in a lot of ways,' Desai said.
VTEL offers investors exposure to longer duration municipal bonds, low fees, tax efficiency and trading flexibility.
'We wanted to create the duration positioning for clients so they can choose where along the curve they'd like to invest, rather than having an all-curve product,' Desai added. 'Lots of people are very happy and comfortable in our VTEB product, but some like to break up duration into the various buckets—short, intermediate and long—and we wanted to make sure that they had the tools and the toolkit that they would want to use.'
And like the California-specific VTEC, MUNY gives investors in a large, high-tax state the ability to access muni bonds from their state at a low cost.
Vanguard's suite of muni products now includes six index ETFs, two active ETFs, 12 active mutual funds, one index mutual fund and three money market funds.Permalink | © Copyright 2025 etf.com. All rights reserved
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
13 minutes ago
- Associated Press
AP top stories June 3
The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day.
Vogue
14 minutes ago
- Vogue
LoveShackFancy Resort 2026 Collection
Rebecca Hessel Cohen believes that during 'resort,' the Loveshackfancy woman operates with the following schedule: first, she's out and about attending holiday parties around town. Then, she's hosting intimate dinners for her family at home, whether that's in New York, Charleston, or wherever else Loveshakfancy has a store. Finally, it's New Years, and she's off to celebrate on the slopes of Aspen or the shores of St. Barths. 'Our customers are traveling to all the places at this time,' Hessel Cohen said. Naturally, the brand's new resort collection addresses all those occasions. There's a number of evening dresses and gowns meant for a Christmas party or black tie soirée. Many of them boast glittering stars and a palette of sun-like gold or moon-like ivory. Hessel Cohen said that they took their opulent cues from the Venetian palazzos of Ca' d'Oro and Ca' Rezzonico. Indeed, a soft white tulle gown with beaded stars would pair perfectly with a Venetian mask, as would a long black dress with gold sequins. 'Our customer is really coming to us for event dressing," she noted. Although Loveshackfancy is best known for its silk bias-cut dresses. in this collection Hessel Cohen and co. explore the more casual side of the brand with knitwear looks. (Not so coincidentally, the company just opened a cold-weather store in Aspen and in the next few months will do so in Chicago.) Metallic knit dresses and miniskirts come with cardigan shrugs. There's even a Loveshackfancy interpretation of a Fair Isle sweater. Then there comes their take on New Year's party dressing. Mini dresses are adorned with gold sequins or pink flower paillettes. One maxi dress feels like a pastel disco ball with its deep-v neckline and rhinestones. A bohemian-flavored powder blue set and another in white feathers look ripe for those ringing in 2026 on a beach. Some of the designs in this collection can feel quite young—it's hard to imagine a grown woman wearing a spaghetti-strap tartan minidress with a bow hemline or a tutu-like pink frock. But then again, Loveshackfancy's core audience has always included pre-teen, teen, and college students. ('The New Tween Status Look: LoveShackFancy Dresses,' read a Wall Street Journal headline in 2021.) That said, Hessel Cohen does report that the brand has recently seen a 'mature and elevated customer' coming through the doors. She's responding in kind, offering evening looks at higher price-points: one dress in the collection retails close to $1,800. It doesn't have any bows.
TechCrunch
14 minutes ago
- TechCrunch
Unity CTO Steve Collins steps down after six months
Steve Collins, the CTO of the game engine developer Unity, is stepping down, a company representative confirmed to TechCrunch. He joined Unity just six months ago after serving as CTO of King, the mobile gaming company behind Candy Crush. According to Unity, Collins made the decision to leave the company of his own accord. 'We can confirm that Steve Collins has decided to leave Unity for personal reasons,' a company representative said. 'We're grateful for his contributions. As we continue our transformation, we're confident our world-class tech team will keep driving the strategy forward.' Unity has faced much internal strife over the last few years. In fall 2023, the company announced controversial changes to its pricing model that enraged the developer community. Though some of these changes were walked back, the company's CEO John Riccitiello resigned as a result. Months later, Unity laid off 25% of its staff, amounting to 1800 jobs. Though Unity now has some distance from those events, some game developers remain distrusting of the company. Collins' departure is not necessarily related to the Unity's struggles, but another executive shakeup could prove disruptive. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW
