Vanguard has produced two new actively managed municipal bond ETFs aimed at offering competitive tax-exempt income opportunities: the Vanguard Core Tax-Exempt Bond ETF and the Vanguard Short Duration Tax-Exempt Bond ETF. 

These funds target investors looking for diversified municipal bond exposure across credit qualities and regions, with the potential to exceed benchmark performance. Managed by experienced professionals, the Core ETF focuses on high-quality, longer-term bonds, while the Short Duration ETF emphasizes shorter-term bonds with minimal interest rate sensitivity. 

Both funds come with low expense ratios, setting them apart from similar offerings in the market. These launches expand Vanguard's active fixed-income lineup and complement its existing suite of index-based municipal bond funds.

Finsum: With a proven track record in bond fund management, these Vanguard options might work for investors looking to invest in munis.