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Upturn AI SWOT - About
Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES)
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Upturn Advisory Summary
07/31/2025: VTES (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.14% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/31/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 97.08 - 100.93 | Updated Date 06/30/2025 |
52 Weeks Range 97.08 - 100.93 | Updated Date 06/30/2025 |
Upturn AI SWOT
Vanguard Short-Term Tax-Exempt Bond ETF Shares
ETF Overview
Overview
The Vanguard Short-Term Tax-Exempt Bond ETF (VTES) seeks to provide current income exempt from federal taxes while maintaining limited price volatility by investing in high-quality, short-term municipal bonds.
Reputation and Reliability
Vanguard is a highly reputable and reliable issuer known for its low-cost, passively managed funds.
Management Expertise
Vanguard has extensive experience and expertise in managing fixed income investments and ETFs.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: Tracks the S&P Short Term National AMT-Free Municipal Bond Index, a market-weighted index designed to track the performance of investment-grade, tax-exempt bonds with a maturity of one to five years.
Composition Primarily invests in municipal bonds.
Market Position
Market Share: VTES holds a significant market share within the short-term municipal bond ETF category.
Total Net Assets (AUM): 12900000000
Competitors
Key Competitors
- IShares National Muni Bond ETF (MUB)
- SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
Competitive Landscape
The short-term municipal bond ETF market is competitive, with MUB holding a larger market share. VTES offers a low-cost option from a reputable issuer. SHM is a very cheap alternative to VTES. These ETF's are quite similar in structure with similar returns but VTES has a significant advantage in terms of liquidity.
Financial Performance
Historical Performance: Historical performance should be evaluated from reputable sources for the most up-to-date information.
Benchmark Comparison: The ETF's performance should be compared to the S&P Short Term National AMT-Free Municipal Bond Index.
Expense Ratio: 0.07
Liquidity
Average Trading Volume
VTES generally exhibits strong liquidity with a high average trading volume.
Bid-Ask Spread
The bid-ask spread for VTES is typically tight, indicating efficient trading.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and the overall health of the municipal bond market influence VTES's performance.
Growth Trajectory
Growth trends depend on investor demand for tax-exempt income and the performance of short-term municipal bonds.
Moat and Competitive Advantages
Competitive Edge
VTES benefits from Vanguard's brand recognition and low-cost structure. Its focus on short-term municipal bonds provides a lower-risk profile compared to broader municipal bond funds. The ETF offers diversification within the municipal bond market and tax-exempt income, attractive for certain investors. Vanguard's efficient management further enhances its competitive edge.
Risk Analysis
Volatility
VTES exhibits relatively low volatility due to its focus on short-term bonds.
Market Risk
Risks include interest rate risk, credit risk (though minimal with high-quality bonds), and inflation risk.
Investor Profile
Ideal Investor Profile
VTES is suitable for investors seeking tax-exempt income, capital preservation, and lower volatility.
Market Risk
VTES is best for long-term investors looking for a stable income stream and those in higher tax brackets.
Summary
VTES provides tax-exempt income through a portfolio of short-term municipal bonds. It is managed by Vanguard, a reputable issuer known for its low-cost funds. VTES is a suitable option for investors seeking capital preservation and tax benefits. With a low expense ratio and a focus on high-quality bonds, VTES is a stable choice for risk-averse investors, particularly those in higher tax brackets. VTES's performance is influenced by the overall state of the municipal bond market and interest rate movements.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Vanguard
- Morningstar
- Bloomberg
- etf.com
Disclaimers:
Data is based on available information and may change. Consult a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vanguard Short-Term Tax-Exempt Bond ETF Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. It is non-diversified.
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