Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) Dividend Yield, History & Forecast

Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) is an exchange-traded fund (ETF) listed on the Chicago Board Options Exchange. market capitalization is approximately $931M.

VSDM fund composition

It charges an expense ratio of 0.12%, and manages $834.5M.

VSDM runs a derivative strategy and reports no conventional equity constituents, so there is no holdings breakdown to show. Its exposure comes from options positions rather than shares in underlying companies.

Frequently Asked Questions about Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF (VSDM)

What does Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF invest in?
VSDM is an actively managed ETF that seeks tax-exempt income with limited price volatility. It primarily invests in US dollar-denominated municipal bonds issued by US states or local agencies. Interest is exempt from federal income taxes and alternative minimum tax (AMT). The fund does not have maturity limitations on individual securities, but it typically maintains a dollar-weighted average maturity of 2 to 7 years and an average portfolio duration of 1.5 to 5 years. The majority of assets are invested in investment-grade bonds, rated A3 or better by Moody's or equivalent. Investments in...