Key stats
About Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF
Expense ratio
0.07%
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Inception date
Mar 9, 2023
VTES is passively managed to hold USD-denominated municipal bonds issued by state and local governments or agencies whose interest is federal tax-exempt and AMT-free. Eligible securities must have a rating of at least investment grade, a minimum par amount of $25 million, and a remaining term to maturity between one month and seven years. The fund seeks to maintain a dollar-weighted average maturity consistent with the index, which typically does not exceed four years. Short-term is defined quite differently for this fund as its underlying index reaches out to the intermediate bond space. The fund uses a sampling strategy to track the market value-weighted index, which rebalances monthly. As with all Vanguard ETFs, VTES only discloses its holdings monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.10%
Mutual fund0.91%
Cash−1.01%
Top 10 holdings
Dividends
Dividend payout history