Key stats
About Vanguard Tax-Managed Funds Vanguard Short Duration Tax-Exempt Bond ETF
Home page
Inception date
Nov 5, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
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 junk bonds are limited to 20% of assets. The fund follows a portfolio manager-driven process, incorporating top-down and bottom-up insights. As a fundamental policy, at least 80% of assets are invested in tax-exempt securities under normal market conditions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Municipal
Bonds, Cash & Other100.00%
Mutual fund74.77%
Municipal26.74%
Cash−1.50%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VSDM last dividends amounted to 0.19 USD. The month before, the issuer paid 0.20 USD in dividends, which shows a 0.93% decrease.
Yes, VSDM pays dividends to its holders with the dividend yield of 3.19%. The last dividend (Jul 3, 2025) amounted to 0.19 USD. The dividends are paid monthly.
VSDM shares are issued by The Vanguard Group, Inc. under the brand Vanguard. The ETF was launched on Nov 5, 2024, and its management style is Active.
VSDM expense ratio is 0.12% meaning you'd have to pay 0.12% of your investment to help manage the fund.
VSDM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VSDM invests in funds.
VSDM price has risen by 0.45% over the last month, and its yearly performance shows a 0.60% increase. See more dynamics on VSDM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.83% over the last month, showed a 0.94% increase in three-month performance and has increased by 2.56% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.83% over the last month, showed a 0.94% increase in three-month performance and has increased by 2.56% in a year.
VSDM trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.