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Vanguard Short-Term Tax-Exempt Bond ETF

NYSE ARCA: VTES
$98.08
▼ $0.08 (−0.08%) today
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VTES Coverage

1:06pm ET
Investing

The IRS Can’t Touch This Fund’s 3.4% Yield

Municipal bonds promise federal-tax-free income, but the fund most investors reach for carries a hidden vulnerability that can quietly erase months of yield in a single rate move. Your bracket and your…

David Beren