VTESVanguard Short-Term Tax-Exempt Bond ETF Shares
Tracks the performance of the S&P 0-7 Year National AMT-Free Municipal Bond Index.
By Vanguard · Launched 2023
Annual Cost
0.05%
#132 of 6,035 · low cost
Fund Size
$2.4B
#701 of 6,035 · large
Return (1Y)
+0.2%
Track Record
3 years
#2,892 of 6,035 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,011+0.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
S&P 0-7 Year National AMT-Free Municipal Bond Index
Holdings
By weightConcentration
Top 10 holdings = 4.5% of funddiversified
Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund
2.1%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.3%
State of California
0.3%
New Jersey Economic Development Authority
0.3%
Dallas Independent School District
0.3%
State of Illinois
0.3%
State of New Jersey
0.3%
New Jersey Transportation Trust Fund Authority
0.2%
Wyandotte County Unified School District No 500 Kansas City
0.2%
East County Advanced Water Purification Joint Powers Authority
0.2%
Asset allocation
Bonds
96.9%
Cash
3.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.3%Low
Year-on-year price swings
Max drawdown
-2.4%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.67Below average
Sortino (3Y)
-0.86Moderate downside risk
Bond profile
Avg maturity
10.5 years
Credit ratings
AAA
20.3%
AA
63.1%
A
14.9%
BBB
0.5%
Other
1.2%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the performance of the S&P 0-7 Year National AMT-Free Municipal Bond Index.
- Strategy
- Employs an indexing investment approach to track investment-grade U.S. municipal bonds with maturities between one month and seven years. Invests at least 80% of net assets in bonds that make up the Target Index, which is exempt from federal income taxes and the federal AMT.
- Inception date
- March 8, 2023
- Fund family
- Vanguard
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Data updated on 2026-09-17