Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

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Leesbro63
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Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by Leesbro63 »

Is there an ETF for Vanguard Short Term Tax Exempt Fund, Admiral Shares (VWSUX)?
retired@50
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by retired@50 »

Leesbro63 wrote: Fri Oct 16, 2020 7:55 am Is there an ETF for Vanguard Short Term Tax Exempt Fund, Admiral Shares (VWSUX)?
No.

But this ETF might be the closest thing Vanguard has that is similar. Intermediate term.

See link: https://investor.vanguard.com/etf/profile/VTEB

Regards,
This is one person's opinion. Nothing more.
OhioGozaimas
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by OhioGozaimas »

Checking the ETF fund list at https://investor.vanguard.com/etf/

The only T/E ETF shown is:

Tax-Exempt Bond ETF (VTEB), which is also available as Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
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Leesbro63
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by Leesbro63 »

retired@50 wrote: Fri Oct 16, 2020 8:14 am
Leesbro63 wrote: Fri Oct 16, 2020 7:55 am Is there an ETF for Vanguard Short Term Tax Exempt Fund, Admiral Shares (VWSUX)?
No.

But this ETF might be the closest thing Vanguard has that is similar. Intermediate term.

See link: https://investor.vanguard.com/etf/profile/VTEB

Regards,
Thank you but no thanks. It's not that similar. Average duration is over 5 years versus VWSUX about 1 year.
retired@50
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by retired@50 »

Leesbro63 wrote: Fri Oct 16, 2020 8:31 am
Thank you but no thanks. It's not that similar. Average duration is over 5 years versus VWSUX about 1 year.
I guess you can add it to the Vanguard suggestion box. :wink:

Best of luck.

Regards,
This is one person's opinion. Nothing more.
ruud
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by ruud »

If you're not restricting yourself to Vanguard ETFs, iShares appears to have a short term muni ETF: SUB.
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Leesbro63
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by Leesbro63 »

ruud wrote: Fri Oct 16, 2020 9:56 am If you're not restricting yourself to Vanguard ETFs, iShares appears to have a short term muni ETF: SUB.
This may be useful. Thank you!
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by gjlynch17 »

I would also recommend looking at JPMorgan Ultra-Short Municipal Income ETF (JMST). It is the closest ETF I have found to VWSUX. It is an actively managed ETF with an ER of 0.18%.

https://am.jpmorgan.com/us/en/asset-man ... -46641q654

iShares Short-Term Muni (SUB) is a good fund also but it is closer in composition to Vanguard Limited Term Muni Fund (VMLUX).
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Leesbro63
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by Leesbro63 »

gjlynch17 wrote: Fri Oct 16, 2020 11:48 am I would also recommend looking at JPMorgan Ultra-Short Municipal Income ETF (JMST). It is the closest ETF I have found to VWSUX. It is an actively managed ETF with an ER of 0.18%.

https://am.jpmorgan.com/us/en/asset-man ... -46641q654

iShares Short-Term Muni (SUB) is a good fund also but it is closer in composition to Vanguard Limited Term Muni Fund (VMLUX).
I think .18% ER is too high. But thank you for the information.
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by gjlynch17 »

Leesbro63 wrote: Fri Oct 16, 2020 12:03 pm
gjlynch17 wrote: Fri Oct 16, 2020 11:48 am I would also recommend looking at JPMorgan Ultra-Short Municipal Income ETF (JMST). It is the closest ETF I have found to VWSUX. It is an actively managed ETF with an ER of 0.18%.

https://am.jpmorgan.com/us/en/asset-man ... -46641q654

iShares Short-Term Muni (SUB) is a good fund also but it is closer in composition to Vanguard Limited Term Muni Fund (VMLUX).
I think .18% ER is too high. But thank you for the information.
I agree that 0.18% ER is at the high side of what I would be willing to pay but JMST compares favorably to VWSUX on several factors:

SEC Yield: JMST (0.51%) vs. VWSUX (0.41%) (this includes the slightly higher ER for JMST).
Duration: JMST (0.74 years) vs. VWSUX (1.1 years).
Credit Quality: Comparable

Part of JMST's strategy is to underweight states with higher marginal tax rates (e.g. California, New York) that have lower break-even after-tax yields due to the tax benefits for investors in that state. For example, the breakeven rate for a California resident investing in California munis would be lower than a comparable muni bond in Texas because the California resident investing in a California muni receives a greater tax benefit than a similarly situated Texas resident investing in a Texas muni.

I like and own both VWSUX and JMST (the latter only because of my CMA at Fidelity). They should perform similarly over time, with JMST having less volatility and drawdown due to its shorter duration but VWSUX have a slightly higher return. This proved to be the case in the COVID drawdown in March when VWSUX lost more than JMST despite the latter being a bond ETF structure.

https://www.portfoliovisualizer.com/bac ... ion2_2=100
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Vegomatic
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Re: Is There a VWSUX ETF? (Sht Trm Tax Ex Admiral Shares)

Post by Vegomatic »

Here are (tools for) lists of short term tax exempt ETFs:

ETF.com
https://www.etf.com/Fixed_Income_U_S_Go ... Short_Term
Note: If you select the [Efficiency] tab in the above, you will see that expense ratios range from 7 bps to 35 bps.

TDAmeritrade Tool (Select [Muni National Short] Category)
https://research.tdameritrade.com/grid/ ... gories.asp

US News
https://money.usnews.com/funds/etfs/ran ... onal-short
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