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VTES Vanguard Short-Term Tax-Exempt Bond ETF

Issuer
Vanguard
Inception
Mar 7, 2023
AUM
$3.6B
Expense ratio
0.05%
Yield
2.68%
Asset class
Municipal Bond
Holdings
3910
Last price
$100.25

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 excep

-1.1%
2025-11-13low 98.08 · high 102.652026-11-13

Performance

1M3MYTD1Y3Y ann.5Y ann.
VTES+1.1%-0.7%-1.3%-1.2%+0.3%+0.0%
Municipal Bond average (26 funds)+2.3%-1.2%-0.6%-0.4%+2.1%+0.2%

Insider activity in the holdings

Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$0 net.

No open-market insider buys in the holdings in the last 90 days.

Holdings · as of Nov 12, 2026

#HoldingWeight
1VTES Vanguard Municipal Low Duration Fund 12/31/20495.42%

Sector breakdown

Municipal90.7%
Cash & Others9.3%

Country breakdown

United States100.0%

Distributions

DatePer unit
Nov 2, 2026$0.2319
Oct 1, 2026$0.1941
Sep 1, 2026$0.2141
Aug 3, 2026$0.2191
Jul 1, 2026$0.2263
Jun 1, 2026$0.2187
May 1, 2026$0.2295
Apr 1, 2026$0.2226
Mar 2, 2026$0.2362
Feb 2, 2026$0.2247
Dec 24, 2025$0.2320
Dec 1, 2025$0.2341
Nov 3, 2025$0.2361
Oct 1, 2025$0.2380
Sep 2, 2025$0.2383
Aug 1, 2025$0.2264
Jul 1, 2025$0.2435
Jun 2, 2025$0.2335
May 1, 2025$0.2256
Apr 1, 2025$0.2331
Mar 3, 2025$0.2472
Feb 3, 2025$0.2289
Dec 24, 2024$0.2442
Dec 2, 2024$0.2458
Nov 1, 2024$0.2501
Oct 1, 2024$0.2570
Sep 3, 2024$0.2535
Aug 1, 2024$0.2465
Jul 1, 2024$0.2537
Jun 3, 2024$0.2541
May 1, 2024$0.2429
Apr 1, 2024$0.2477
Mar 1, 2024$0.2526
Feb 1, 2024$0.2525
Dec 22, 2023$0.2539
Dec 1, 2023$0.2362
Nov 1, 2023$0.1858
Oct 2, 2023$0.2162
Sep 1, 2023$0.2202
Aug 1, 2023$0.2210

Members of Congress who disclosed this ETF

No member of Congress has disclosed a trade in VTES in the filings we hold.

Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error