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Upturn AI SWOT - About
Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES)
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Upturn Advisory Summary
03/27/2025: VTES (1-star) is a SELL. SELL since 2 days. Profits (0.21%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 2.9% | Avg. Invested days 39 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 55096 | Beta - | 52 Weeks Range 97.01 - 101.07 | Updated Date 03/27/2025 |
52 Weeks Range 97.01 - 101.07 | Updated Date 03/27/2025 |
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 income tax by investing in a diversified portfolio of high-quality, short-term municipal bonds. It focuses on bonds with maturities of one to seven years, offering a balance between income and stability.
Reputation and Reliability
Vanguard is a highly reputable and reliable issuer, known for its low-cost investment options and investor-focused approach.
Management Expertise
Vanguard has extensive experience and expertise in managing fixed income investments, with a team of seasoned professionals dedicated to municipal bond management.
Investment Objective
Goal
To seek current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: The ETF seeks to track the performance of the S&P Short Term National AMT-Free Municipal Bond Index.
Composition The ETF holds a diversified portfolio of short-term municipal bonds. The holdings are primarily investment-grade.
Market Position
Market Share: VTES holds a significant market share within the short-term tax-exempt bond ETF market.
Total Net Assets (AUM): 14500000000
Competitors
Key Competitors
- INVESCO QQQ TRUST, SERIES 1 (QQQ)
- ISHARES CORE US AGGREGATE BOND ETF (AGG)
- SPDR S&P 500 ETF TRUST (SPY)
Competitive Landscape
The short-term tax-exempt bond ETF market is competitive, with several established players offering similar products. VTES benefits from Vanguard's strong brand reputation and low expense ratio. Competitors may offer slightly different index tracking or investment strategies, leading to varied performance.
Financial Performance
Historical Performance: The ETF's performance is closely tied to the movement of short-term municipal bond yields. Historical performance data can be found on financial websites such as Vanguard's and Morningstar's.
Benchmark Comparison: The ETF's performance can be compared to the S&P Short Term National AMT-Free Municipal Bond Index to assess tracking efficiency.
Expense Ratio: 0.07
Liquidity
Average Trading Volume
VTES exhibits good liquidity with a generally healthy average trading volume.
Bid-Ask Spread
The bid-ask spread for VTES is typically tight, reflecting its liquid nature.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation, and municipal bond supply and demand influence VTES's performance. Tax policy changes can also impact the attractiveness of municipal bonds.
Growth Trajectory
The growth trajectory of VTES depends on investor demand for tax-exempt income and the overall health of the municipal bond market. Interest rate movements and regulatory changes significantly influence the growth.
Moat and Competitive Advantages
Competitive Edge
VTES benefits from Vanguard's low-cost structure, strong brand recognition, and efficient tracking of its benchmark index. Its focus on short-term municipal bonds provides a relatively stable investment option for investors seeking tax-exempt income. The ETFu2019s accessibility and broad market appeal contribute to its competitive edge. The ETFu2019s large AUM also adds a competitive edge compared to smaller and younger competitors.
Risk Analysis
Volatility
VTES exhibits relatively low volatility due to its focus on short-term, high-quality municipal bonds.
Market Risk
The primary market risk is interest rate risk, as rising interest rates can negatively impact bond prices. Credit risk is also present, although minimized by the ETF's focus on investment-grade bonds.
Investor Profile
Ideal Investor Profile
The ideal investor for VTES is a high-income individual in a high tax bracket seeking tax-exempt income and capital preservation.
Market Risk
VTES is suitable for long-term investors seeking a stable source of tax-exempt income. It can also be used as a defensive holding in a diversified portfolio.
Summary
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) offers a low-cost and efficient way to access a diversified portfolio of short-term municipal bonds. It aims to provide current income exempt from federal income tax. The ETF is ideal for high-income individuals seeking tax-advantaged investments and capital preservation. However, it is subject to interest rate risk and credit risk, although minimized by the ETFu2019s focus on high quality.
Similar Companies
- SHM
- MUB
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Sources and Disclaimers
Data Sources:
- Vanguard's Official Website
- Morningstar
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market conditions can change rapidly and affect investment performance.
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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