VTESVanguard Short-Term Tax-Exempt Bond ETF Shares

Get income3y track recordRanked #191 of 1,622 in this goal

Seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market.

By Vanguard · Launched 2023

Annual Cost

0.05%

#275 of 5,562 · low cost

Fund Size

$2.0B

#748 of 5,562 · large

Dividend YieldGoal

2.76%

Track Record

3 years

#2,949 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,328+3.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

S&P 0-7 Year National AMT-Free Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 3.3% of fund✓ well diversified

Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund

0.8%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.4%

State of California

0.3%

New Jersey Economic Development Authority

0.3%

New Jersey Transportation Trust Fund Authority

0.3%

State of New Jersey

0.3%

Wyandotte County Unified School District No 500 Kansas City

0.3%

Ohio Water Development Authority

0.2%

State of New Jersey

0.2%

State of Illinois

0.2%

Asset allocation

Bonds

93.7%

Cash

6.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.2%Low

Year-on-year price swings

Max drawdown

-2.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.28Below average

Sortino (3Y)

-0.37Moderate downside risk

Bond profile

Avg maturity

10.6 years

Credit ratings

AAA

20.4%

61.7%

15.2%

BBB

0.5%

Other

2.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market.
Strategy: Employs an indexing approach to track the S&P 0-7 Year National AMT-Free Municipal Bond Index, which includes investment-grade, fixed-rate U.S. municipal bonds with maturities between one month and seven years. Invests primarily in bonds that make up the Target Index.
Inception date: March 8, 2023
Fund family: Vanguard