The new fund focuses on short duration municipal bonds.

Vanguard today launched Vanguard Short-Term Tax-Exempt Bond ETF (Ticker: VTES). The new municipal bond index ETF is managed by Vanguard Fixed Income Group and is designed for tax-sensitive investors with a short-term time horizon and low interest rate risk tolerance.

The two largest muni bond ETFs have had opposing flows in 2023 after the category pulled in significant assets last year.

The new fund would track short-term municipal bonds.

Vanguard today announced plans to introduce Vanguard Short-Term Tax-Exempt Bond ETF (Ticker: VTES), a municipal bond index ETF that will be managed by Vanguard Fixed Income Group. Vanguard intends to launch the ETF in the first quarter of 2023.

Before the year comes to a close, we highlight some of the most interesting debuts to consider.

New bond fund’s 0.03% expense ratio lower than rival’s.

Vanguard today reported expense ratio changes for 18 funds across multiple ETF and mutual fund share classes, including a wide range of international strategies. The firm continues to return value to investors through lower fund expenses on its path to returning $1 billion in cost savings to shareholders by the end of 2025. The changes reported today in prospectus filings align to funds with fiscal years ending October 2021 and represent $34.2 million in net savings for investors.1

Muni bond ETFs flourished in 2021, with record asset flows and a number of new launches.

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