Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
Mutualfunds logo

VWLUX Vanguard Long-Term Tax-Exempt Adm

  • Fund
  • VWLUX
  • Price as of: Dec 09, 2016
  • $11.40
  • - $0.01
  • - 0.09%
  • Category
  • National Munis

VWLUX - Profile

Vitals

  • YTD Return -3.0%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $9.61 B
  • Holdings in Top 10 4.1%

52 WEEK LOW AND HIGH

$11.40
$11.24
$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 -3.0%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 4.2%
  • 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 -3.0% -5.6% 99.4% 51.54% 4
1 Yr 0.3% -5.8% 10.7% 20.26% 2
3 Yr 4.7% * -4.5% 7.0% 8.49% 1
5 Yr 4.2% * -0.7% 6.1% 12.29% 1
10 Yr 4.2% * -0.6% 4.9% 7.91% 1

* Annualized


Return Ranking - Calendar

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.1% -10.9% 2.6% 15.37% 2
2014 6.6% -2.2% 12.0% 14.14% 1
2013 -6.7% -11.9% 0.1% 48.86% 4
2012 4.1% -7.1% 10.2% 22.47% 2
2011 6.1% -1.8% 15.2% 20.34% 2

Total Return Ranking - Trailing

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.0% -4.7% 99.4% 54.80% 4
1 Yr 0.3% -8.9% 8.9% 13.45% 1
3 Yr 4.7% * -5.4% 7.0% 5.89% 1
5 Yr 4.2% * -1.2% 6.1% 9.68% 1
10 Yr 4.2% * -0.6% 4.9% 5.98% 1

* Annualized


Total Return Ranking - Calendar

Period VWLUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.2% -9.7% 5.1% 23.99% 2
2014 6.9% -0.9% 17.0% 15.53% 2
2013 -6.7% -11.9% 2.1% 53.99% 4
2012 4.2% -0.6% 17.8% 31.38% 3
2011 6.1% -1.1% 16.2% 31.69% 2

NAV & Total Return History

VWLUX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VWLUX Category Low Category High VWLUX % Rank Quintile
Net Assets 9.61 B 491 K 50.6 B 1.13% 1
Number of Holdings 1495 1 6199 1.29% 1
Net Assets in Top 10 432 M -176 M 1.27 B 3.39% 1
Weighting of Top 10 4.1% 0.0% 100.0% 34.84% 5

Top 10 Holdings

  1. Cmt Municipal Rate 1.07%
  2. California St Go Bds 6.5% 0.45%
  3. Texas Private Activity Bd Surf Sr Lie 7% 0.34%
  4. Houston Tex Util Sys Rev For I Comb U 5% 0.34%
  5. New Jersey St Transn Tr Fd Aut Tran 5.5% 0.34%
  6. New Jersey St Tpk Auth 5.15% 0.33%
  7. Virginia Comwlth Transn Brd Tr Rev Bd 5% 0.33%
  8. Hudson Yds Infrasct Corp Senior Re 5.75% 0.32%
  9. Chicago Ill O Hare Intl Arpt R Ref Bd 5% 0.31%
  10. Chicago Ill Pub Bldg Commn Bld Bldg 7% 0.30%

Asset Allocation

Weighting Category Low Category High VWLUX % Rank Quintile
Bonds
99.81% 0.00% 202.21% 2.58% 1
Cash
0.19% -110.85% 100.00% 29.68% 5
Other
0.00% -2.77% 27.54% 6.13% 2
Convertible Bonds
0.00% 0.00% 2.79% 0.81% 1
Preferred Stocks
0.00% 0.00% 11.68% 1.45% 1
Stocks
0.00% 0.00% 1.43% 1.13% 1

Bond Sector Breakdown

Weighting Category Low Category High VWLUX % Rank Quintile
Municipal
98.68% 0.00% 140.30% 7.90% 2
Cash & Equivalents
0.19% -110.85% 100.00% 29.52% 5
Government
0.06% -43.18% 117.34% 7.26% 2
Securitized
0.00% 0.00% 41.81% 2.90% 1
Corporate
0.00% 0.00% 34.61% 4.19% 1
Derivative
0.00% -0.43% 5.58% 0.48% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWLUX % Rank Quintile
US
99.81% 0.00% 202.21% 2.58% 1
Non US
0.00% 0.00% 20.62% 0.81% 1

VWLUX - Expenses

Operational Fees

VWLUX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.12% 0.10% 4.60% 26.25% 1
Management Fee 0.10% 0.00% 1.00% 6.92% 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% 10.28% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWLUX Category Low Category High VWLUX % Rank Quintile
Net Income Ratio 3.77% -0.60% 5.26% 6.28% 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

6.38

Tenure Rank

10.9%

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

37.2

Category Average

7.34

Category Mode

1.9