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VWLTX Vanguard Long-Term Tax-Exempt

  • Fund
  • VWLTX
  • Price as of: Apr 18, 2019
  • $11.60
  • + $0.01
  • + 0.09%
  • Category
  • National Munis

VWLTX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $12.7 B
  • Holdings in Top 10 4.0%

52 WEEK LOW AND HIGH

$11.60
$11.12
$11.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.44%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard Long Term Tax Exempt Fund
  • Fund Family Name Vanguard
  • Inception Date Sep 01, 1977
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Mathew M. Kiselak

VWLTX - Performance

Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -13.2% 99.4% 11.00% 1
1 Yr 5.5% -5.8% 10.7% 5.21% 1
3 Yr 3.0% * -4.5% 7.0% 9.97% 1
5 Yr 4.3% * -0.3% 5.8% 7.47% 1
10 Yr 5.2% * -0.1% 9.2% 17.70% 1

* Annualized


Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.6% -5.3% 3.8% 51.01% 4
2017 2.5% -5.6% 7.2% 14.36% 1
2016 -3.1% -8.5% 8.8% 52.82% 4
2015 0.1% -10.9% 8.6% 19.73% 2
2014 6.6% -9.8% 12.0% 13.68% 1

Total Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -13.2% 99.4% 11.00% 1
1 Yr 5.5% -8.9% 8.9% 3.91% 1
3 Yr 3.0% * -5.4% 7.0% 7.73% 1
5 Yr 4.3% * -1.4% 5.8% 5.38% 1
10 Yr 5.2% * -0.1% 9.2% 15.23% 1

* Annualized


Total Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.6% -5.3% 3.8% 51.69% 4
2017 2.5% -5.6% 6.9% 14.87% 2
2016 -3.1% -8.2% 9.3% 56.58% 4
2015 0.2% -10.3% 8.6% 26.42% 2
2014 6.9% -9.8% 17.0% 15.45% 2

NAV & Total Return History

VWLTX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

VWLTX Category Low Category High VWLTX % Rank Quintile
Net Assets 12.7 B 491 K 65.3 B 1.13% 1
Number of Holdings 1838 1 8026 1.13% 1
Net Assets in Top 10 471 M -224 M 1.76 B 3.39% 1
Weighting of Top 10 4.0% 0.0% 100.0% 39.84% 5

Top 10 Holdings

  1. Cmt Municipal Rate 1.26%
  2. ILLINOIS ST 5% 0.50%
  3. NEW YORK ST DORM AUTH 5% 0.34%
  4. HAMILTON CNTY OHIO 5% 0.28%
  5. HOUSTON TEX UTIL SYS REV 5% 0.28%
  6. TOBACCO SETTLEMENT FING CORP N J 5% 0.28%
  7. CALIFORNIA HEALTH FACS FING AUTH 5% 0.27%
  8. VIRGINIA COMWLTH TRANSN BRD 5% 0.27%
  9. TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP 7% 0.27%
  10. CHICAGO ILL O HARE INTL ARPT REV 5% 0.26%

Asset Allocation

Weighting Category Low Category High VWLTX % Rank Quintile
Bonds
100.00% 0.00% 202.21% 1.77% 1
Stocks
0.00% 0.00% 0.08% 0.64% 1
Preferred Stocks
0.00% 0.00% 9.24% 0.81% 1
Other
0.00% -2.77% 30.00% 5.81% 1
Convertible Bonds
0.00% 0.00% 2.54% 0.65% 1
Cash
0.00% -110.85% 100.00% 31.45% 5

Bond Sector Breakdown

Weighting Category Low Category High VWLTX % Rank Quintile
Municipal
98.74% 0.00% 115.16% 10.00% 2
Derivative
0.00% -5.91% 0.85% 0.48% 1
Cash & Equivalents
0.00% -110.85% 100.00% 30.81% 5
Securitized
0.00% 0.00% 25.65% 2.42% 1
Corporate
0.00% 0.00% 39.97% 5.00% 1
Government
0.00% -16.67% 117.34% 4.84% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWLTX % Rank Quintile
US
99.88% 0.00% 202.21% 2.26% 1
Non US
0.12% 0.00% 27.66% 13.39% 3

VWLTX - Expenses

Operational Fees

VWLTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.17% 0.08% 4.80% 25.44% 1
Management Fee 0.14% 0.00% 0.65% 6.60% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

VWLTX Fees (% of AUM) Category Low Category High VWLTX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

VWLTX Fees (% of AUM) Category Low Category High VWLTX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VWLTX Fees (% of AUM) Category Low Category High VWLTX Rank Quintile
Turnover 16.00% 0.00% 504.54% 15.94% 2

VWLTX - Distributions

Dividend Yield Analysis

VWLTX Category Low Category High VWLTX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.01% 13.31% 1

Dividend Distribution Analysis

VWLTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VWLTX Category Low Category High VWLTX % Rank Quintile
Net Income Ratio 3.44% 0.01% 5.26% 8.05% 1

Capital Gain Distribution Analysis

VWLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VWLTX - Managers

Mathew M. Kiselak

Manager

Start Date

Jul 16, 2010

Tenure

8.71

Tenure Rank

9.6%

Mathew M. Kiselak, Principal of Vanguard. He has worked in investment management since 1987, has managed investment portfolios since 1990, and has been with Vanguard since 2010. Education: B.S., Pace University.


Tenure Analysis

Category Low

0.0

Category High

39.5

Category Average

7.81

Category Mode

4.3