VTES — Vanguard Short-Term Tax-Exempt Bond ETF
Data updated: 2026-07-29
VTES — Vanguard Short-Term Tax-Exempt Bond ETF. Short Municipal - National Bond · $1.99B AUM. Holdings, fees, performance and SEC filings.
VTES Fund Overview
VTES — Vanguard Short-Term Tax-Exempt Bond ETF is a US ETF managed by Vanguard Wellington Fund, categorised as Short Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Vanguard Wellington Fund
- Category: Short Municipal - National Bond
- Assets under management: $1.99B
- 1-year return: 3.5%
- Ticker: VTES
- SEC CIK: 0000105563
- SEC series ID: S000079862
- Share class ID: C000241270
VTES Holdings
Top 10 holdings of Vanguard Short-Term Tax-Exempt Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund | 2.41% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 0.27% |
| State of California | 0.25% |
| New Jersey Economic Development Authority | 0.23% |
| Dallas Independent School District | 0.23% |
| State of Illinois | 0.23% |
| State of New Jersey | 0.22% |
| New Jersey Transportation Trust Fund Authority | 0.22% |
| Los Angeles Unified School District/CA | 0.21% |
| Wyandotte County Unified School District No 500 Kansas City | 0.20% |
VTES Portfolio Allocation
Asset-class allocation of Vanguard Short-Term Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.9% |
| Cash & Equivalents | 2.4% |
VTES Performance
Total returns for VTES (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.6% |
| 1 year | 3.5% |
| 3 years (annualised) | 3.2% |
VTES Risk Information
Risk metrics for VTES, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.8%
VTES Costs and Fees
VTES costs about $5 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.05%
- Gross expense ratio: 0.05%
- Portfolio turnover: 24%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VTES Cashflows
Over the 12 months to 2026-05, Vanguard Short-Term Tax-Exempt Bond ETF had net inflows of $954.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $98.36M |
| 2026-04 | $53.18M |
| 2026-03 | $94.14M |
| 2026-02 | $102.90M |
| 2026-01 | $43.35M |
| 2025-12 | $78.63M |
VTES Debt Constituents
Largest debt holdings of Vanguard Short-Term Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| New York City Transitional Finance Authority Future Tax Secured Revenue | 0.27% |
| State of California | 0.25% |
| New Jersey Economic Development Authority | 0.23% |
| Dallas Independent School District | 0.23% |
| State of Illinois | 0.23% |
| State of New Jersey | 0.22% |
| New Jersey Transportation Trust Fund Authority | 0.22% |
| Los Angeles Unified School District/CA | 0.21% |
| Wyandotte County Unified School District No 500 Kansas City | 0.20% |
| East County Advanced Water Purification Joint Powers Authority | 0.20% |
VTES Prospectus and SEC Filings
Official Vanguard Short-Term Tax-Exempt Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-27
- Prospectus (485BPOS) — filed 2025-03-28
- Prospectus supplement (497) — filed 2026-02-02
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-02-13
- Annual census (N-CEN) — filed 2025-02-12
Related Funds
Other Short Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.