iShares Equivalents of Vanguard Tax-Exempt Bond Funds

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Kookaburra
Posts: 791
Joined: Thu Apr 02, 2020 11:14 pm

iShares Equivalents of Vanguard Tax-Exempt Bond Funds

Post by Kookaburra »

Short-Term: VWSUX / SUB
Intermediate Term: VWIUX / MUB
Limited Term: VMLUX / ???

Is there an equivalent to VMLUX?
sycamore
Posts: 2540
Joined: Tue May 08, 2018 12:06 pm

Re: iShares Equivalents of Vanguard Tax-Exempt Bond Funds

Post by sycamore »

Kookaburra wrote: Sun Jun 13, 2021 9:34 pm Short-Term: VWSUX / SUB
Intermediate Term: VWIUX / MUB
Limited Term: VMLUX / ???

Is there an equivalent to VMLUX?
I don't think you can get truly "equivalent" funds because the iShares funds follow an index where as the Vanguard funds are actively managed -- the Vanguard funds will have (slightly) different credit quality and duration as the fund manager tweaks the portfolio.

But you could try for a comparable fund. Look at the effective duration of the funds:

VWSUX 1.01
VMLUX 2.36
VWIUX 4.52

SUB 1.98
MUB 6.16

SUB is actually closer to VMLUX based on duration. And with a mix of SUB/MUB you could get whatever you want.
UpperNwGuy
Posts: 5739
Joined: Sun Oct 08, 2017 7:16 pm

Re: iShares Equivalents of Vanguard Tax-Exempt Bond Funds

Post by UpperNwGuy »

Kookaburra wrote: Sun Jun 13, 2021 9:34 pm Short-Term: VWSUX / SUB
Intermediate Term: VWIUX / MUB
Limited Term: VMLUX / ???

Is there an equivalent to VMLUX?
MUB is not the equivalent of VWIUX. It is the equivalent of VTEAX and VTEB. Both are index funds and follow the exact same index. They hold short, intermediate, and long bonds.

VWIUX is intermediate only and is actively managed.
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