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Vanguard Short-Term Tax-Exempt Bond ETF

$98.16Last updated
-$0.32 (0.32%)Past day
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Vanguard Short-Term Tax-Exempt Bond ETF (AMEX: VTES) is an exchange-traded fund listed on NYSE Arca, trading at $98.16 (about ₹9,430 a unit) as of 28 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.05% and holds 2,667 securities. Indian residents can buy VTES through Paasa under the RBI's Liberalised Remittance Scheme.

Quote

Open:$98.31
Previous close:$98.48
Volume:1.80M

Today's low

$98.06

Today's high

$98.34

52 week low

$98.06

52 week high

$102.71

VTES opened at $98.31, closed previously at $98.48, and has traded between $98.06 and $102.71 over the past 52 weeks.

About

This fund's primary objective is to replicate the performance of a designated market index. This benchmark specifically measures the investment-grade segment of the U.S. municipal bond market, covering maturities from one month up to seven years. The fund pursues an indexing strategy, meticulously tracking the S&P 0-7 Year National AMT-Free Municipal Bond Index. It achieves this by employing a sampling methodology to closely mirror the index's core characteristics. All investment selections are made through this sampling process, ensuring that a minimum of 80% of the fund's total assets are invested in securities present within the underlying index. Typically, at least four-fifths (80%) of the fund's holdings aim to generate income exempt from both federal income taxes and the federal alternative minimum tax. Key risks include the impact of shifting interest rates. When rates climb, bond prices may fall, potentially decreasing the fund's value. Conversely, declining rates could eventually lead to reduced income for the fund. This offering may appeal to investors seeking federal tax-exempt income who are comfortable with moderate variations in both principal value and income generation. Regarding 75% of its total assets, the fund operates under specific diversification constraints: it is prohibited from acquiring more than 10% of the voting securities of any single issuer, and its exposure to any one issuer's securities generally cannot surpass 5% of its total assets. An exception to these limits is made when necessary to approximate the target index's composition. These particular restrictions do not apply to obligations issued by the U.S. government or its agencies and instrumentalities.

Issuer
Vanguard
Exchange listed on
AMEX
Asset class
Municipal Bond
Base currency
USD
Domicile
United States
Dividends
Distributing
Launched
2023
ISIN
US9219358705

Key statistics

Expense ratio

0.05%

Assets (AUM)

$2.4B

Holdings

2,667

NAV

$98.03

Avg. volume

—

1-year price change

-3.69%

5-year price change

—

Price change excludes dividends.

Top 10 holdings

1. Vanguard Municipal Low Duration Fund 12/31/2049
3.8%
2. State of California 5.00% 08/01/2028
0.9%
3. State of California 5.00% 08/01/2027
0.9%
4. State of California 5.00% 08/01/2029
0.8%
5. US Dollar
0.7%
6. State of California 5.00% 08/01/2033
0.4%
7. North Colonie Central School District 3.75% 06/25/2027
0.4%
8. State of California 5.00% 08/01/2030
0.4%
9. State of California 5.00% 08/01/2031
0.3%
10. State of Illinois 5.00% 11/01/2028
0.2%

VTES holds 2,667 securities in total. These 10 are 8.7% of the fund.

Where the money is invested

Countries

Other
100.0%

How to buy VTES from India

Indian residents can buy VTES units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.

  1. Open your Paasa account

    KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.

  2. Add funds from your Indian bank account

    Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.

  3. Search VTES and buy

    Find the fund by its ticker, VTES, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.

Read the full guide: how to invest in VTES from India

Trading and taxes when buying VTES from India

Trading and limits

Trading hours
9:30 am – 4:00 pm ET
LRS limit
$250,000Per financial year, under the RBI's Liberalised Remittance Scheme.

Tax for Indian residents

TCS on remittance
20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
Capital gains in India
Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Dividends
Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
US estate tax
May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator

Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.

FAQs

What is the VTES price today?

Vanguard Short-Term Tax-Exempt Bond ETF (VTES) last traded at $98.16 on NYSE Arca, as of 28 Sep 2026, 3:59 PM ET. That is ₹9,430 a unit at the 28 Sep 2026 USD/INR rate.

When does VTES trade, in Indian time?

NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.

How big is VTES, and what does it cost to hold?

Vanguard Short-Term Tax-Exempt Bond ETF manages about $2.4B. Its expense ratio is 0.05% a year, deducted inside the fund. It launched in 2023.

What are VTES's largest holdings?

The top three are Vanguard Municipal Low Duration Fund 12/31/2049 (3.8%), State of California 5.00% 08/01/2028 (0.9%) and State of California 5.00% 08/01/2027 (0.9%). VTES's 10 largest positions make up 8.7% of the fund.

Does VTES pay dividends?

Yes. VTES is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.

How are gains on VTES taxed in India?

Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.

Can I buy fractional units of VTES?

Yes. You can buy VTES by amount rather than by whole unit, and there is no minimum trade size.

How has VTES performed?

VTES' price is down 3.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.