Vanguard Long-Term Tax-Exempt Bond ETF(VTEL · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

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VTEL
Snapshot
Info

Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) ETF

Exchange
BATS
Inception
2025-05-20
Has Options
No
ETF Profile
holdings as of 2026-06-30
Holdings
4088
AUM
$284.7M
Provider
Vanguard
Inception
2025-05-20
Exchange
BATS
Data As Of
2026-06-30
Expense Ratio
0.09%
Dividend Yield
3.81%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-08-03 2026-08-05 $0.3085 CD
2026-07-01 2026-07-06 $0.3401 CD
2026-06-01 2026-06-03 $0.3284 CD
2026-05-01 2026-05-05 $0.3359 CD
2026-04-01 2026-04-06 $0.3370 CD
2026-03-02 2026-03-04 $0.3122 CD
Asset Allocation
Top Holdings
top 50 of 4088 holdings
Symbol Name Weight % Asset Class Country
CALIFORNIA ST VAR PURP GO BDS 0.19% Corporate Bond
NEW YORK ST DORM AUTH REVS NON BDS 2024A 0.15% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.15% Corporate Bond
METROPOLITAN TRANSN AUTH N Y R REF BDS 2016B 0.13% Corporate Bond
CALIFORNIA EDL FACS AUTH REV BDS 2025A 0.12% Corporate Bond
Los Angeles CA Department of Water & Power Revenue 0.12% Corporate Bond
NEW YORK ST DORM AUTH ST PERS GEN PURP BDS 2026 A 0.11% Corporate Bond
NEW YORK ST DORM AUTH SALES TA BDS 2025A 0.11% Corporate Bond
BATTERY PK CITY AUTH N Y REV SR BDS 2023 A 0.11% Corporate Bond
NEW YORK ST TWY AUTH ST PERS I GREEN BDS 2025 B 0.11% Corporate Bond
OKLAHOMA ST WTR RES BRD ST LN BDS 2025 C 0.11% Corporate Bond
METROPOLITAN TRANSN AUTH N Y R GREEN BDS 2020 C 0.11% Corporate Bond
CONROE TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2024 0.11% Corporate Bond
NEW YORK N Y CITY TRANSITIONAL FUTURE TAX SECD SUBORDIN FISCAL 0.11% Corporate Bond
WASHINGTON D C MET AREA TRAN A GROSS REV TRANSIT BDS 2017B 0.11% Corporate Bond
CALIFORNIA ST PUB WKS BRD LEAS BDS 2026A 0.11% Corporate Bond
OKLAHOMA TRANSN AUTH OK F/K/A SYS SECOND SR REV BDS 2025A 0.11% Corporate Bond
SAN FRANCISCO CALIF CITY & CNT BDS 2025 S 0.11% Corporate Bond
NEW JERSEY ST TRANSN TR FD AUT TRANS PROG BDS 2014AA 0.10% Corporate Bond
NEW YORK ST TWY AUTH ST PERS I BDS 2025 A 0.10% Corporate Bond
METROPOLITAN ATLANTA RAPID TRA BDS 2025A 0.10% Corporate Bond
WASHINGTON ST MOTOR VEHICLE FUEL TAX G R-2021 0.10% Corporate Bond
CORSICANA TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2026 0.10% Corporate Bond
ENERGY NORTHWEST WASH ELEC REV REF BDS 2021 A 0.10% Corporate Bond
UNIVERSITY MICH UNIV REVS GEN REV BDS 2018A 0.10% Corporate Bond
UNIVERSITY TEX UNIV REVS FING SYS BDS 2019 B 0.10% Corporate Bond
PLANO TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2023 0.10% Corporate Bond
MASSACHUSETTS ST GEN OBLIG BDS 2025G 0.10% Corporate Bond
MASSACHUSETTS ST TRANSN FD REV COMWLTH BDS 2023 A 0.10% Corporate Bond
CLACKAMAS CNTY ORE SCH DIST NO GO REF BDS 2018 B 0.10% Corporate Bond
NEW JERSEY ST TRANSN TR FD AUT PROGRAM BDS 2024 A 0.10% Corporate Bond
PROSPER TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2025 0.10% Corporate Bond
FORT LAUDERDALE FLA WTR & SWR BDS 2023 B 0.10% Corporate Bond
BATTERY PK CITY AUTH N Y REV SR BDS 2025 0.09% Corporate Bond
NEW JERSEY ST TRANSN TR FD AUT PROGRAM BDS 2023 B 0.09% Corporate Bond
CALIFORNIA ST VAR PURP GO BDS 0.09% Corporate Bond
NEW YORK N Y CITY TRANSITIONAL FUTURE TAX SECD SUBORDIN FISCAL 0.09% Corporate Bond
SALT RIV PROJ AGRIC IMPT & PWR BDS 2023B 0.09% Corporate Bond
INDIANA MUN PWR AGY PWR SUPPLY REF REV BDS 2016 A 0.09% Corporate Bond
NEW YORK N Y CITY TRANSITIONAL FUTURE TAX SECD SUBORDIN FISCAL 0.09% Corporate Bond
Hudson Yards Infrastructure Corp. New York Revenue 0.09% Corporate Bond
Massachusetts GO 0.09% Corporate Bond
Los Angeles CA Department of Water & Power Revenue 0.09% Corporate Bond
TEXAS TRANSN FIN CORP SH 288 S SUBORDINATE TIER REF BDS 2025A 0.09% Corporate Bond
UNIVERSITY VA UNIV REVS GEN REV PLEDGE REF BDS 2017 A 0.09% Corporate Bond
LOWER COLO RIV AUTH TEX TRANSM REF BDS 2022 0.09% Corporate Bond
NEW YORK N Y GO BDS FISCAL 0.09% Corporate Bond
MESA ARIZ UTIL SYS REV REF OBLIGS 2026 0.09% Corporate Bond
SALT RIV PROJ AGRIC IMPT & PWR PROJ BDS 2025 C 0.09% Corporate Bond
MET PIER & EXPOSITION AUTH IL REVENUE REF-MCCORMICK PLACE EXPANSION 0.09% Corporate Bond
Non-Equity Breakdown
VANGUARD LONG-TERM TAX-EXEMPT BOND ETF · NPORT-P period 2026-10-31 (filed 2026-03-31)
Net assets: $200M · 3211 total positions · equity 0.00% · non-equity 99.62%
Non-equity holdings — 3211 positions, 99.62% of NAV
Category Weight Value Positions
Municipal 98.69% $197.6M 3210
Short-term investment 0.93% $1.9M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.51% 1
Feb +1.63% 1
Mar -2.34% 1
Apr +1.39% 1
May +0.02% 2
Jun +0.89% 2
Jul -1.82% 2
Aug +0.34% 2
Sep +3.49% 1
Oct +1.50% 1
Nov +0.52% 1
Dec -0.19% 1
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $102.66
SMA 50: $103.54
SMA 200: $103.69
Current: $102.46
EMA 12: $102.37
EMA 26: $102.80
MACD: -0.4362 | Signal: 0.0243
BEARISH
ADX (14): 26.02
TREND
+DI: 27.16
−DI: 32.25

Momentum Oscillators

RSI (14): 42.97
NEUTRAL
Stoch %K: 32.67
Stoch %D: 23.77
Williams %R: -54.50

Volume & Volatility

BB Upper: $104.12
BB Lower: $101.21
NEUTRAL
OBV: 359,451
Vol SMA 20: 44,731
Vol ROC: -60.03%
ATR: $0.35
True Range: $0.31
HV 20: 4.2%
HV 30: 4.0%
HV 60: 4.1%

Data Summary

Data Points: 304
Last Updated:
Date Range: 2025-05-22T00:00:00 – 2026-08-10T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.10
Correlation (SPY)
31.8%
0.10
Ann. Volatility
3.9%
SPY Volatility
12.9%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month