VTES icon

Vanguard Short-Term Tax-Exempt Bond ETF

100.52 USD
-0.06
0.06%
At close Jun 13, 4:00 PM EDT
After hours
100.31
-0.21
0.21%
1 day
-0.06%
5 days
0.26%
1 month
0.51%
3 months
-0.03%
6 months
-0.10%
Year to date
0.17%
1 year
0.52%
5 years
0.33%
10 years
0.33%
0
Funds holding %
of 7,296 funds
Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

250% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 8

208% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 25

50% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]

31% more capital invested

Capital invested by funds: $261M [Q4 2024] → $341M (+$80.5M) [Q1 2025]

13% more funds holding

Funds holding: 135 [Q4 2024] → 152 (+17) [Q1 2025]

0.93% more ownership

Funds ownership: 44.78% [Q4 2024] → 45.71% (+0.93%) [Q1 2025]

Research analyst outlook

We haven’t received any recent analyst ratings for VTES.

Financial journalist opinion

Based on 3 articles about VTES published over the past 30 days

Positive
ETF Trends
2 weeks ago
Potential Opportunities Available in the Muni Bond Market
There could be a silver lining in the volatile clouds hovering above the bond markets. Investors may want to give municipal bonds a closer look given their sound fundamentals.
Potential Opportunities Available in the Muni Bond Market
Positive
Seeking Alpha
2 weeks ago
VTES: I Don't Think This Works
Vanguard Short-Term Tax-Exempt Bond ETF is designed to provide low-risk, tax-exempt income for higher-rate taxpayers, but its yield is uncompetitive versus alternatives. Despite low fees and solid diversification, VTES's 3% yield (5% tax-equivalent) is easily beaten by short-term Treasuries or managed muni funds. The issue isn't with Vanguard or the fund's construction, but with the short-term muni index sector itself, which simply doesn't pay enough.
VTES: I Don't Think This Works
Positive
ETF Trends
3 weeks ago
Vanguard Lists 2 New Tax-Exempt Muni Bond ETFs
On Thursday, Vanguard expanded its selection of fixed income ETFs with the launch of the Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and the Vanguard New York Tax-Exempt Bond ETF (MUNY).  Both of these new Vanguard funds offer a distinct strategy for building municipal bond exposure.
Vanguard Lists 2 New Tax-Exempt Muni Bond ETFs
Positive
ETF Trends
1 month ago
Muni Bonds Remain Attractive Amid Market Volatility
Market volatility continues to rain heavy in the equities market. That's opening additional opportunities for investors looking to add bonds to counterbalance the market fluctuations.
Muni Bonds Remain Attractive Amid Market Volatility
Neutral
ETF Trends
2 months ago
Treasuries & Muni ETF Options for Focusing on Quality
The credit risk profile for corporate bonds has improved. But given the abundance of market uncertainty, it may be best to stick to Treasuries, or for additional yield, municipal bonds.
Treasuries & Muni ETF Options for Focusing on Quality
Positive
ETF Trends
5 months ago
A Trifecta of Tailwinds Are Benefiting Municipal Bonds
Right now, the municipal bond space has a trifecta of tailwinds blowing in its favor. That said, the time is right for investors who have not yet considered adding munis to their existing bond portfolio.
A Trifecta of Tailwinds Are Benefiting Municipal Bonds
Positive
ETF Trends
6 months ago
Incoming Administration Puts Municipal Bonds in Play
With an incoming presidential administration in 2025, municipal bonds are in play as infrastructure plans and other project initiatives could shape the muni debt space in the new year. On that note, Vanguard has a pair of muni bond-focused exchange-traded funds (ETFs) to consider.
Incoming Administration Puts Municipal Bonds in Play
Positive
ETF Trends
7 months ago
More Wealth Managers Recommending Muni Bonds
In a changing bond market landscape, more wealth managers are recommending municipal bonds. The Federal Reserve is set to ease monetary policy and a new president will take office in 2025.
More Wealth Managers Recommending Muni Bonds
Neutral
ETF Trends
9 months ago
Election Year Adds Intrigue to Municipal Bonds
The forthcoming presidential election is certainly adding a healthy dose of intrigue into the municipal bond space. That said, Vanguard has a pair of muni ETF options that are worthy of consideration.
Election Year Adds Intrigue to Municipal Bonds
Positive
ETF Trends
1 year ago
Munis Offer Benefits Beyond Tax-Free Income
Municipal bonds are lauded for the tax-free income they can provide to fixed income investors. A closer look under the hood shows the tangible impact muni sales can provide to the communities that benefit from the funding.
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