Vanguard Short-Term Tax-Exempt Bond ETFVTES

VanguardBonds & CashMunicipal#276 of 785 by YTD

$100.38

0.0% last session

+1.0% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026VTESS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+2.0%	+0.3%	+1.0%	+1.6%	+11.2%	—	+10.9%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $3.6B
Expense ratio: 0.05%
Distribution yield: 2.7%
NAV: $100.51
Volume: 427K
Avg. volume 30D: 774K
High today: $100.43
Low today: $100.34
Previous close: $100.39
52-week high: $102.71
52-week low: $98.02
Our risk indicator: 2/5

VTES in One Breath

VTES Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$502M

#6FTMSFranklin Templeton+1.9%$263M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#34VTESVanguard+1.0%$3.6B

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in VTES

$10,000 in VTES became

$11,089

In the S&P 500 (VOO)

$20,259

Total return, dividends in · Mar 9, 2023 – Nov 3, 2026 · S&P 500 uses VOO

VTES’s Top Holdings

Today

Vanguard MunicVanguard Municipal Low Duration Fund 12/31/20495.4%US Dollar2.0%State of Cal0.6%State of Cal0.6%State of Cal0.4%State of Cal0.4%Los Angeles 0.3%State of Cal0.3%Fort Mill Sc0.3%North Coloni0.3%Massachusett0.3%State of Ill0.3%Dallas Indep0.2%State of New0.2%State of Ill0.2%State of New0.2%University o0.2%State of New0.2%Aquarion Wat0.2%Tohopekaliga0.2%Los Angeles 0.2%City of Hous

Vanguard VTES · 2,667 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What VTES Holds

Today

All holdings100.0%

Vanguard M 5.4 · US Dollar 2.0 · State of C · State of C · State of C · State of C · Los Angele

Vanguard VTES · share of the fund · as of Nov 3, 2026

Vanguard’s Share of VTES

Today

5.4%

$54 of every $1,000 in VTES is Vanguard

Vanguard held by VTES

$195M

Vanguard VTES · each square = $10 of $1,000 · as of Nov 3, 2026

VTES’s Share of Municipal ETFs

Today

1.5%

of the $246B in 166 Municipal ETFs

VTES$3.6B1.5%

MUB$54.5B22.1%

VTEB$52.4B21.3%

163 others$136B55.1%

Municipal ETF AUM · Nov 4, 2026

VTES Fee per $100 vs Peers

Today

$0.05a year
per $100

$5 a year on $10,000

VTEB$0.03

VTES$0.05

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside VTES

2,667 holdings · as of Nov 3, 2026

VTES

Vanguard Short-Term Tax-Exempt Bond ETF

Today

All holdings100.0%Vanguard M5.4%US Dollar2.0%2,661 more holdings90.6% of the fund

All holdings100.0%2,661 more holdings90.6% of the fund

#	Ticker	Company	Weight ▼
1	—	Vanguard Municipal Low Duration Fund 12/31/2049	5.42%
2	—	US Dollar	2.01%
3	—	State of California 5.00% 08/01/2028	0.60%
4	—	State of California 5.00% 08/01/2027	0.58%
5	—	State of California 5.00% 08/01/2029	0.45%
6	—	State of California 5.00% 08/01/2030	0.38%
7	—	Los Angeles Unified School District/CA 5.00% 07/01/2032	0.29%
8	—	State of California 5.00% 08/01/2033	0.27%
9	—	Fort Mill School District No 4 4.00% 10/06/2027	0.27%
10	—	North Colonie Central School District 3.75% 06/25/2027	0.27%

Vanguard VTES · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 12.6%

How It Compares

VTES

Vanguard Short-Term Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$52.4B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.4B
VTES	VanguardThis fundRead Desk	0.05%	+1.0%	+1.6%	$3.6B

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put VTES head to head with MUB →

MUB vs VTES

YTD

MUBiShares · MunicipalVTESVanguard · Municipal

Year to date

−0.4%

+1.0%

VTES wins+1.4 pts

Past year

+0.1%

+1.6%

VTES wins+1.5 pts

Fee

0.05%

Level

Yield

3.3%

2.7%

MUB wins+0.6 pts

AUM

$54.5B

$3.6B

MUB15.1× more

2–1VTES wins

iShares MUB and Vanguard VTES · year-to-date · as of Nov 4, 2026 · AUM not scored

VTES vs VOO

YTD

VTES · Vanguard Short-Term Tax-Exempt Bond

+1.0%

VOO · S&P 500

+11.5%

Gap

10.5 pts

Vanguard VTES and Vanguard VOO · YTD total return · as of Nov 4, 2026

VTES vs Its Peer Average

YTD

VTESAvsBPeer average

1D0.0%0.0%

1M+2.0%+2.9%

3M+0.3%−0.9%

YTD+1.0%+0.3%

1Y+1.6%+0.6%

3Y+11.2%+14.6%

5Y[…]+2.5%

3–3level

165 Municipal peers · each row scaled to its leader

The Details

VTES

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y1.77%

Deepest drop · 1Y−3.0%

Lowest point · 5Y−0.3%

52-week range

$100.38

$98.02−2.3% from the high$102.71

Vanguard VTES · past-year price moves · as of Nov 4, 2026

VTES

Fund Facts

Today

2023launched Mar 7

Tracks[…]

Exchange · CUSIPAMEX · 921935870

StructureETF

Leverage1x

Cost on $10,000$5 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VTES · fund facts · as of Nov 4, 2026

VTES

Payouts by Year

$0.23per share, Nov 2026

Distribution yield2.7%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$2.68 a share

Vanguard VTES · distributions by ex-date · 2023–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$100.51

Premium / discount[…]

Median spread · 30D[…]

Volume today427K

Average volume · 30D774K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.05%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$5.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.23
Oct 1, 2026	Oct 5, 2026	$0.19
Sep 1, 2026	Sep 3, 2026	$0.21
Aug 3, 2026	Aug 5, 2026	$0.22
Jul 1, 2026	Jul 6, 2026	$0.23
Jun 1, 2026	Jun 3, 2026	$0.22
May 1, 2026	May 5, 2026	$0.23
Apr 1, 2026	Apr 6, 2026	$0.22
Mar 2, 2026	Mar 4, 2026	$0.24
Feb 2, 2026	Feb 4, 2026	$0.22
Dec 24, 2025	Dec 29, 2025	$0.23
Dec 1, 2025	Dec 3, 2025	$0.23

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