Vanguard Tax-Exempt Bond offers a broad portfolio of investment-grade tax-exempt municipal bonds at an attractive price, earning a Morningstar Analyst Rating of Gold.
Morningstar’s Fund Analysis VTEAX
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.