Vanguard Short-Term Tax-Exempt Bond ETF (VTES) Stock

VTES

Vanguard Short-Term Tax-Exempt Bond ETF VTES · AMEX

$100.22 +0.08% (+$0.08)

Summary

Vanguard Short-Term Tax-Exempt Bond ETF is an ETF - a fund traded on an exchange like a stock - run by Vanguard. Positions inside: 3,913. The ten largest make up 10% of the fund.

Yearly costs: 0.05%
Fund size: $3.60B
Positions: 3,913
Dividend yield: 2.68%
Running since: 2023

What speaks for it

Costs of 0.05% a year are below the middle of comparable funds (0.20%).
Widely spread: the ten largest positions make up only 10% of the fund.
A large fund with $3.60B under management.
Easy to buy and sell: about $46.8M changes hands a day.

What to watch

100% of the fund is in one country (United States).

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +1.5%
3 months: -0.3%
This year: -1.4%
1 year: -1.5%
3 years: +1.8%

What is inside?

Widely spread

1 Vanguard Municipal Low Duration Fund 12/31/2049 5.4%
2 US Dollar 2.0%
3 State of California 5.00% 08/01/2028 0.6%
4 State of California 5.00% 08/01/2027 0.6%
5 State of California 5.00% 08/01/2029 0.4%
6 State of California 5.00% 08/01/2033 0.3%
7 Fort Mill School District No 4 4.00% 10/06/2027 0.3%
8 North Colonie Central School District 3.75% 06/25/2027 0.3%
9 State of California 5.00% 08/01/2030 0.3%
10 State of Illinois 5.00% 11/01/2028 0.3%

Positions in the fund: 3,913. The ten largest make up 10% of it.

Composition as of Oct 18, 2026.

Where is it spread?

One country

By country

United States 100%

Largest country: United States (100%).

What does it cost me?

Cheap

This fund 0.05%

Middle of comparable ETFs 0.20%

A year from $10,000: $5.00
Over 20 years: $252

From every $10,000 invested the fund takes $5.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $252.

How has it done?

Growing slowly

-1.1%

+1.3%

20242025

A year on average, 3 years: +0.6%
Deepest drop: -4.5%
Yearly volatility: 1.9%

Average yearly growth over the last three years: 0.6%. Deepest drop in these years: 4.5% below the earlier high.

Does it pay dividends?

Yes, it pays out

0.00

2.06

3.00

2.58

20212022202320242025

Yield: 2.68%
Payments a year: 11
Last payment: $0.19

Over the last 12 months it paid $2.69 per share, which is 2.68% of today's price. The last payment was $0.19 on Oct 1, 2026.

Is it easy to buy and sell?

Very easy

Traded a day: $46.8M
Shares a day: 467K

On an average day about $46.8M of the fund changes hands.

About the fund

This fund's primary objective is to replicate the performance of a designated market index. This benchmark specifically measures the investment-grade segment of the U.S. municipal bond market, covering maturities from one month up to seven years. The fund pursues an indexing strategy, meticulously tracking the S&P 0-7 Year National AMT-Free Municipal Bond Index. It achieves this by employing a sampling methodology to closely mirror the index's core characteristics. All investment selections are made through this sampling process, ensuring that a minimum of 80% of the fund's total assets are invested in securities present within the underlying index. Typically, at least four-fifths (80%) of the fund's holdings aim to generate income exempt from both federal income taxes and the federal alternative minimum tax. Key risks include the impact of shifting interest rates. When rates climb, bond prices may fall, potentially decreasing the fund's value. Conversely, declining rates could eventually lead to reduced income for the fund. This offering may appeal to investors seeking federal tax-exempt income who are comfortable with moderate variations in both principal value and income generation. Regarding 75% of its total assets, the fund operates under specific diversification constraints: it is prohibited from acquiring more than 10% of the voting securities of any single issuer, and its exposure to any one issuer's securities generally cannot surpass 5% of its total assets. An exception to these limits is made when necessary to approximate the target index's composition. These particular restrictions do not apply to obligations issued by the U.S. government or its agencies and instrumentalities.

Issuer: Vanguard
Asset class: Municipal Bond
Domicile: United States
Launched: Mar 7, 2023
Net asset value per share: $99.53

Fund page at the issuer

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