Manager perspectives

Vanguard expands lineup as ETF market grows

May 31, 2023

Q&A
Can you walk us through your background? For instance, how did you come to the Vanguard Fixed Income Group, and what roles have you held during your career?
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) launched on March 9, 2023. How does this ETF align with the rest of the Vanguard muni lineup? What differentiates it?
Some investors have a perception that all index funds are the same. What is it that makes Vanguard municipal index funds unique?
Can you tell us a bit about the state of the municipal market? How are valuations, and are balance sheets healthy?
Why did Vanguard decide to launch a short-term tax-exempt ETF?
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Meet the expert

Stephen McFee
Vanguard Information and Insights

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