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M*: A Broad And Strong Municipal Bond Fund: (VTEB)
FYI: Historically, gaining access to municipal bonds through an index strategy has been difficult because the muni bond market is much more fragmented and expensive to trade than other fixed-income markets. But process improvements over the past several years, combined with a deeper knowledge of the market, have provided asset management firms like Vanguard with an advantage. An index-tracking fund like Vanguard Tax-Exempt Bond ETF (VTEB) now features exceptionally low tracking error, making it a solid choice for exposure to the broader municipal-bond market.
