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VWLUX Vanguard Long-Term Tax-Exempt Adm

  • Fund
  • VWLUX
  • Price as of: Aug 08, 2016
  • $12.07
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

VWLUX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 7.3%
  • 5 Yr Annualized Return 6.0%
  • Net Assets $10.3 B
  • Holdings in Top 10 5.1%

52 WEEK LOW AND HIGH

$12.07
$11.57
$12.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

$50,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.77%
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 Feb 12, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Mathew M. Kiselak

Fund Description

The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.

VWLUX - Performance

Return Ranking - Trailing

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -2.5% 99.4% 9.27% 1
1 Yr 8.4% -5.8% 13.3% 7.25% 1
3 Yr 7.3% * -4.5% 9.4% 6.41% 1
5 Yr 6.0% * -0.5% 8.0% 9.78% 1
10 Yr 5.2% * -0.3% 5.9% 4.85% 1

* Annualized


Return Ranking - Calendar

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.1% -10.9% 99.6% 15.82% 2
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -2.5% 99.4% 8.97% 1
1 Yr 8.4% -8.9% 13.3% 5.15% 1
3 Yr 7.3% * -5.4% 9.4% 4.68% 1
5 Yr 6.0% * -0.5% 8.0% 7.56% 1
10 Yr 5.2% * -0.3% 5.9% 3.80% 1

* Annualized


Total Return Ranking - Calendar

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.1% -10.9% 99.6% 15.82% 2
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

VWLUX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

VWLUX Category Low Category High VWLUX % Rank Quintile
Net Assets 10.3 B 491 K 52.2 B 1.13% 1
Number of Holdings 1372 1 5633 1.29% 1
Net Assets in Top 10 500 M -90.5 M 1.34 B 2.58% 1
Weighting of Top 10 5.1% 0.0% 100.0% 33.23% 5

Top 10 Holdings

  1. CMT MUNICIPAL RATE 1.83%
  2. California St Go Bds 6.5% 0.50%
  3. Texas Private Activity Bd Surf Sr Lie 7% 0.37%
  4. New Jersey St Tpk Auth 5.15% 0.37%
  5. Houston Tex Util Sys Rev For I Comb U 5% 0.36%
  6. New Jersey St Transn Tr Fd Aut Tran 5.5% 0.35%
  7. Virginia Comwlth Transn Brd Tr Rev Bd 5% 0.35%
  8. Hudson Yds Infrasct Corp Senior Re 5.75% 0.34%
  9. Chicago Ill Pub Bldg Commn Bld Bldg 7% 0.33%
  10. Chicago Ill O Hare Intl Arpt R Ref Bd 5% 0.33%

Asset Allocation

Weighting Category Low Category High VWLUX % Rank Quintile
Bonds
99.51% 0.00% 202.21% 2.74% 1
Cash
0.49% -110.85% 100.00% 29.68% 5
Other
0.00% -2.77% 30.50% 6.45% 2
Convertible Bonds
0.00% 0.00% 4.07% 0.65% 1
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 1
Stocks
0.00% 0.00% 1.71% 1.13% 1

Bond Sector Breakdown

Weighting Category Low Category High VWLUX % Rank Quintile
Municipal
97.62% 0.00% 146.16% 9.68% 2
Corporate
1.83% 0.00% 33.65% 1.77% 1
Cash & Equivalents
0.49% -110.85% 100.00% 29.84% 5
Government
0.06% -17.17% 117.34% 6.45% 2
Securitized
0.00% 0.00% 30.99% 2.26% 1
Derivative
0.00% -0.52% 5.07% 0.48% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWLUX % Rank Quintile
US
99.51% 0.00% 202.21% 2.74% 1
Non US
0.00% 0.00% 24.05% 0.97% 1

VWLUX - Expenses

Operational Fees

VWLUX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.12% 0.09% 4.60% 25.44% 1
Management Fee 0.10% 0.00% 1.00% 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

VWLUX Fees (% of AUM) Category Low Category High VWLUX 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

VWLUX Fees (% of AUM) Category Low Category High VWLUX 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.

VWLUX Fees (% of AUM) Category Low Category High VWLUX Rank Quintile
Turnover 18.00% 0.00% 783.51% 12.40% 3

VWLUX - Distributions

Dividend Yield Analysis

VWLUX Category Low Category High VWLUX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.86% 10.26% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWLUX Category Low Category High VWLUX % Rank Quintile
Net Income Ratio 3.77% -0.70% 5.26% 6.60% 1

Capital Gain Distribution Analysis

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

VWLUX - Managers

Mathew M. Kiselak

Manager

Start Date

Jul 16, 2010

Tenure

6.05

Tenure Rank

10.7%

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

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6