VTEI was created on 2024-01-26 by Vanguard. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1366.57m in AUM and 5420 holdings. VTEI tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below 20 years.