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Morningstar

Vanguard Short-Term Tax-Exmpt Bd ETF VTES

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VTES

Will VTES outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTES’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VTES management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VTES’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Vanguard Short-Term Tax-Exmpt Bd ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VTES

More VTES Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municmt 0 12/31/2049

1.06 4.3 Mil
Cash and Equivalents

KING CNTY WASH SWR REV

0.43 1.7 Mil
municipal

CALIFORNIA ST

0.33 1.3 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

0.32 1.3 Mil
municipal

UNIVERSITY TEX UNIV REVS

0.32 1.3 Mil
municipal

BROWARD CNTY FLA SCH BRD CTFS PARTN

0.29 1.2 Mil
municipal

DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV

0.29 1.2 Mil
municipal

CALIFORNIA ST

0.29 1.2 Mil
municipal

NEW JERSEY ST EDL FACS AUTH REV

0.29 1.2 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV

0.29 1.1 Mil
municipal