# Portfolio overlap — VTES vs IBMP Comparing **VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF** (2026-02-28) and **iShares iBonds Dec 2027 Term Muni Bond ETF** (2026-01-31). - Shared positions: 293 - VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF covered by iShares iBonds Dec 2027 Term Muni Bond ETF: 0.08925179184002888411714805965 - iShares iBonds Dec 2027 Term Muni Bond ETF covered by VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF: 0.08925179184002888411714805967 ## VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.021044 | | | NYC TRANSITIONAL-G-1 | 0.003163 | | | CALIFORNIA ST-REF | 0.002916 | | | NEW JERSEY ST ECON DEV AUTH REVENUE | 0.002674 | | | Dallas Independent School District, Series 2026B | 0.002671 | | | State of Illinois, Series D | 0.002608 | ✓ | | State of New Jersey, Series 2020A | 0.002551 | | | New Jersey Transportation Trust Fund Authority, Series 2016A1 | 0.002468 | | | Wyandotte County Unified School District No. 500, Series A | 0.002303 | | | E CO AWP JT PWRS-A-1 | 0.002274 | | | CA REGENTS UNIV-CD | 0.002141 | | | OH WTR DEV AUTH | 0.002138 | | | LOS ANGELES UNIF SD-A | 0.002017 | | | State of New Jersey, Series A | 0.001950 | | | NEW YORK-G-G-1 | 0.001902 | | | State of New Jersey, Series 2020A | 0.001871 | | | Los Angeles Department of Water & Power, Series 2025A | 0.001852 | | | OHIO WTR DEV AUTH-A | 0.001835 | | | Bay Area Toll Authority, Series 2026A | 0.001826 | | | State of New Jersey, Series 2020A | 0.001824 | | | State of New Jersey, Series 2020A | 0.001800 | | | LOS ANGELES DEPT-C | 0.001769 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001768 | | | UNIV OF TEXAS UNIV-A | 0.001724 | | | NJ TPK AUTH-B | 0.001711 | | | MASSACHUSETTS ST | 0.001667 | | | State of California, Series 2025, GO Bonds | 0.001661 | | | State of New Jersey, Series 2020A | 0.001636 | | | Virginia Public Building Authority, Series 2021A-1 | 0.001600 | | | UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000 | 0.001599 | | | State of California, Series 2023 | 0.001598 | | | WI ST GF APP 5% 5/1/2026Q | 0.001569 | | | NEW YORK CITY-C-REF | 0.001561 | | | KY ST PROP 5% 11/1/2027 | 0.001536 | ✓ | | State of California, Series 2007 | 0.001534 | | | WASHINGTON ST WAS 07/26 FIXED 4 | 0.001512 | | | State of North Carolina, Series 2019 | 0.001481 | | | SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS | 0.001474 | | | CT HLTH & EDUCTNL-B-2 | 0.001467 | | | DE VLY FIN -A | 0.001437 | | | NJ TRANSPRTN TRUST-A | 0.001436 | | | GREAT LAKES WTR AUTH- | 0.001436 | | | E CO AWP JT PWRS-A-2 | 0.001428 | | | State of California | 0.001425 | ✓ | | State of Maryland | 0.001421 | | | NEW YORK MUNI WTR-AA2 | 0.001413 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001402 | | | Washington Metropolitan Area Transit Authority, Series 2021A | 0.001343 | | | State of California, Series 2017 | 0.001342 | ✓ | | GUILFORD CO | 0.001340 | | ## iShares iBonds Dec 2027 Term Muni Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | STATE OF CALIFORNIA 5.0% 04-01-27 | 0.004776 | ✓ | | State of Michigan, Series 2016 | 0.004540 | ✓ | | University of California, Series 2025, RB | 0.004263 | ✓ | | BLKR-LI MUNI-INS | 0.004054 | | | GEISINGER PA AUTH HLTH SYS REV GEISINGER AUTHORITY | 0.003897 | | | State of New Jersey, Series 2020A | 0.003495 | ✓ | | El Camino Community College District Fountation (The), Series 2012C | 0.003480 | | | NJ TRANSPRTN TRUST-A | 0.003471 | ✓ | | City of Boston, Series 2015A | 0.003470 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003372 | | | District of Columbia, Series 2019 C, Ref. RB | 0.003148 | ✓ | | Round Rock Independent School District, Series 2019 A, Ref. GO Bonds | 0.003142 | | | State of Illinois, Series D | 0.003049 | ✓ | | Triborough Bridge & Tunnel Authority, Series 2021C2 | 0.003027 | | | SCAGO Educational Facilities Corp. for Pickens School District, Series 2025 | 0.002950 | | | State of California 5.00% 04/01/2027 | 0.002672 | ✓ | | Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB | 0.002649 | | | NY ST HSG FIN AGY-D-2 | 0.002608 | | | MET TRANSPRTN AUTH NY | 0.002577 | | | Lansing Board of Water & Light, Series 2026B | 0.002550 | | | MIAMI-DADE WTSW 5% 10/1/2027 | 0.002542 | ✓ | | NEW JERSEY ST ECON DEV AUTH RE REGD N/C B/E 5.00000000 | 0.002508 | | | MI FIN AUTH-A-REF | 0.002478 | | | Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB | 0.002465 | | | Bay Area Toll Authority, Series 2017S-7 | 0.002458 | ✓ | | Ohio Water Development Authority, Series 2019A | 0.002446 | | | Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB | 0.002402 | ✓ | | Omaha Public Power District, Series 2016A | 0.002395 | | | COLORADO ST HLTH FACS | 0.002392 | | | Grand River Dam Authority, Series 2016 A, Ref. RB | 0.002350 | ✓ | | PREREF ALABAMA FEDERAL AID HIGHWAY FI REGD B/E PREREFUNDED 09/01/27 @ 100 5.00000000 | 0.002334 | | | ILL ST TOLL 5% 1/1/2027 | 0.002320 | ✓ | | NYC TRANSITIONAL FIN | 0.002308 | ✓ | | NEW YORK NY | 0.002252 | ✓ | | FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY | 0.002236 | ✓ | | State of Minnesota, Series 2021A | 0.002226 | ✓ | | PENNSYLVANIA ST | 0.002217 | ✓ | | E-470 Public Highway Authority, Series 2004A | 0.002208 | ✓ | | Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB | 0.002175 | | | NJ EDA REV 4% 11/1/2027 | 0.002172 | ✓ | | UNIV OF WASHINGTON WA UNIV REV REGD V/R B/E 4.00000000 | 0.002061 | ✓ | | Pflugerville Independent School District, Series 2019A | 0.002058 | | | RI COMMERCE CORP-B | 0.002043 | | | Northside Independent School District, Series 2021 | 0.002023 | | | New Jersey Transportation Trust Fund Authority, Series 2022AA | 0.002016 | ✓ | | Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds | 0.001959 | ✓ | | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY | 0.001938 | | | Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB | 0.001915 | ✓ | | ILLINOIS ST TOLL HIGHWAY AUTH | 0.001900 | ✓ | | NEW YORK NY REGD N/C B/E 5.00000000 | 0.001894 | ✓ | ## Sources - N-PORT (fund A) — accession `0000105563-26-000162` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-007323` (as of 2026-01-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _