VTES ETF largest country is US at 40.2% as of Jun 30, 2026

VTES ETF largest country is US at 40.2% as of Jun 30, 2026
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US is VTES's largest country exposure at 40.2% of the fund as of Jun 30, 2026. VTES is Vanguard Short-Term Tax-Exempt Bond ETF.

Top Countries

#CountryRegionAllocation
1US
Global
40.18%
2United States
North America
20.78%
3United Kingdom
Europe
1.54%
4Netherlands
Europe
0.67%
5France
Europe
0.65%
6Luxembourg
Europe
0.61%
7Canada
North America
0.59%
8China
Asia-Pacific
0.50%
9Japan
Asia-Pacific
0.41%
10Germany
Europe
0.40%
11Switzerland
Europe
0.34%
12Australia
Asia-Pacific
0.31%
13Poland
Europe
0.24%
14India
Asia Pacific
0.23%
15Spain
Europe
0.19%
16Indonesia
Asia-Pacific
0.19%
17Romania
Europe
0.19%
18United Arab Emirates
Middle East & Africa
0.19%
19Italy
Europe
0.16%
20South Africa
Middle East & Africa
0.15%

VTES ETF Geographic Allocation

VTES geographic allocation spans US (40.2%), United States (20.8%), United Kingdom (1.5%), Netherlands (0.7%), France (0.7%). The fund covers 8 regions.

VTES country exposure helps investors assess international diversification and geopolitical risk. VTES sectors alongside geography give a fuller picture of portfolio allocation.

VTES ETF Geographic Exposure

Market Development Overview

Developed Markets29 countries
27.8%
Emerging Markets25 countries
43.5%
Frontier Markets1 country
0.1%

Regional Allocation

Global
40.2%
1257 holdings
North America
21.6%
544 holdings
Europe
5.9%
201 holdings
Asia-Pacific
2.1%
85 holdings
Middle East & Africa
0.8%
24 holdings
Latin America
0.6%
22 holdings
Asia Pacific
0.2%
7 holdings
EMEA
0.1%
1 holding

Country Breakdown (Top 20)

CountryRegionStatusAllocation
USGlobalEmerging
40.18%
United StatesNorth AmericaDeveloped
20.78%
United KingdomEuropeDeveloped
1.54%
NetherlandsEuropeDeveloped
0.67%
FranceEuropeDeveloped
0.65%
LuxembourgEuropeDeveloped
0.61%
CanadaNorth AmericaDeveloped
0.59%
ChinaAsia-PacificEmerging
0.50%
JapanAsia-PacificDeveloped
0.41%
GermanyEuropeDeveloped
0.40%
SwitzerlandEuropeDeveloped
0.34%
AustraliaAsia-PacificDeveloped
0.31%
PolandEuropeEmerging
0.24%
IndiaAsia PacificEmerging
0.23%
SpainEuropeDeveloped
0.19%
IndonesiaAsia-PacificEmerging
0.19%
RomaniaEuropeEmerging
0.19%
United Arab EmiratesMiddle East & AfricaEmerging
0.19%
ItalyEuropeDeveloped
0.16%
South AfricaMiddle East & AfricaEmerging
0.15%