Vanguard Short-Term Tax-Exempt Bond (VTES) ETF Holdings & Analysis

What VTES does

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.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how VTES fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does VTES track?

VTES is the Vanguard Short-Term Tax-Exempt Bond ETF, a Other ETF.

What is the expense ratio of VTES?

Expense ratio data for VTES is shown on the page when available from our data provider.

What are the largest holdings in VTES?

Top holdings include Vanguard Municipal Low Duration Fund 12/31/2049, US Dollar, State of California 5.00% 08/01/2028, State of California 5.00% 08/01/2027, State of California 5.00% 08/01/2029.

How can PortView analyze VTES overlap with other ETFs?

PortView computes the holdings overlap between VTES and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.