Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETF

Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETF is an exchange-traded fixed income mutual fund launched and managed by The Vanguard Group, Inc. It invests in the fixed income markets of the United States of America. The fund invests in investment-grade municipal/local focus securities that are rated BBB- by Fitch Ratings, Inc. It invests in securities with long-term maturities (10 years - < 20 years). The fund employs fundamental analysis to create its portfolio. It seeks to benchmark the performance of its portfolio against the S&P 10+ Year National AMT-Free Municipal Bond Index. he fund employs fundamental research to create its portfolio. The fund was formed on May 20, 2025 and is domiciled in the United States of America.