- The ETF version of the Vanguard Tax-Exempt Bond Index Fund will cost just 0.12% vs. 0.25% for the $4.2B AUM iShares National AMT-Free Muni Bond ETF (NYSEARCA:MUB). Both ETFs will track the same S&P National AMT-Free Municipal Bond Index.
- Vanguard already operates active muni funds, but this one will be passive.
- One of the "gaps in Vanguard's lineup" is no more, says S&P Capital IQ's Todd Rosenbluth.
- ETFs: MUB, PZA, TFI, XMPT, PRB, PVI, RVNU, VRD, FMB