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Vanguard Short-Term Tax-Exempt Bond ETF
VTES performance and flow charts
Performance
Flows
Historic performance and flows
Data as of September 1, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +0.13% | +0.01% | +0.62% | +1.62% | +9.48% | |
| Flows | +$201M | +$441M | +$833M | +$1.12B | +$2.22B | - |
Characteristics
The Vanguard Short-Term Tax-Exempt Bond ETF is built to track the S&P 0-7 Year National AMT-Free Municipal Bond Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | Vanguard |
| N° of holdings | 3414 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | March 9, 2023 |
| ESG | No |
More data and info about VTES on Trackinsight
Exposure
Data as of July 31, 2026Diversification
Total weight of top 15 holdings out of 3,414
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +1.14% | +1.11% | +1.48% | |
Max drawdown | -0.77% | -1.38% | -1.81% | |
Max drawdown duration | 57d | 187d | 59d | N/A |
Time to recover | N/A | N/A | 57d | N/A |
Replication quality
Data as of August 31, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is VTES?
VTES is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Vanguard.
What index does VTES track?
VTES tracks the S&P 0-7 Year National AMT-Free Municipal Bond Index - USD, aiming to replicate its performance through optimized sampling.
What does VTES invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of VTES?
The total expense ratio (TER) of VTES is 0.05%, representing the annual fee charged by the fund manager.
When was VTES launched?
VTES was launched on March 9, 2023, marking its entry into the ETF market.
Who is the issuer of VTES?
VTES is issued by Vanguard.
What is the AUM of VTES?
As of September 1, 2026, VTES manages $2.41 B, reflecting the total assets held in the fund.
How has VTES performed recently?
As of September 1, 2026, VTES delivered a return of 0.13% over the past month (1M performance), 0.01% over the past three months (3M), and 0.62% year-to-date (YTD).
What are the recent fund flows for VTES?
As of September 1, 2026, VTES has seen net flows of +$201M in the past month (1M flow) and +$833M year-to-date (YTD).
Does VTES pay dividends?
As of September 1, 2026, VTES has a trailing 12-month distribution yield of 2.96%.
How many holdings are in VTES
As of July 31, 2026, VTES holds 3414 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is VTES?
As of July 31, 2026, VTES holds 3414 securities, with 3.27% of its assets concentrated in its top 15 holdings.
What are the top holdings of VTES?
As of July 31, 2026, VTES holds a portfolio of 3414 underlyings, with its largest positions including North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does VTES invest in?
As of July 31, 2026, VTES has its largest geographic exposures in USA.
What sectors or themes does VTES focus on?
As of July 31, 2026, VTES is primarily exposed to Municipal.
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