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VWSTX Vanguard Short-Term Tx-Ex

  • Fund
  • VWSTX
  • Price as of: Jul 19, 2018
  • $15.74
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

VWSTX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $15.9 B
  • Holdings in Top 10 8.8%

52 WEEK LOW AND HIGH

$15.74
$15.67
$15.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

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 Short

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard Short 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 Justin A. Schwartz

Fund Description

The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 1 to 2 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 or, if unrated, determined to be of comparable quality by the advisor.

VWSTX - Performance

Return Ranking - Trailing

Period VWSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -13.2% 99.4% 9.55% 1
1 Yr 0.8% -5.8% 10.7% 56.03% 3
3 Yr 0.8% * -4.5% 7.0% 82.47% 5
5 Yr 0.8% * -0.5% 5.8% 88.69% 5
10 Yr 1.2% * -0.5% 5.9% 93.33% 5

* Annualized


Return Ranking - Calendar

Period VWSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.1% -5.3% 5.6% 60.81% 5
2016 -0.5% -8.5% 7.3% 7.35% 1
2015 -0.3% -10.9% 8.8% 29.91% 3
2014 -0.1% -10.3% 12.0% 61.30% 5
2013 -0.4% -11.9% 8.7% 7.49% 1

Total Return Ranking - Trailing

Period VWSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -13.2% 99.4% 9.39% 1
1 Yr 0.8% -8.9% 8.9% 35.18% 2
3 Yr 0.8% * -5.4% 7.0% 74.23% 4
5 Yr 0.8% * -1.2% 5.8% 86.04% 5
10 Yr 1.2% * -0.5% 5.9% 93.13% 5

* Annualized


Total Return Ranking - Calendar

Period VWSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.1% -5.3% 5.6% 61.49% 5
2016 -0.5% -8.2% 7.3% 12.31% 1
2015 -0.3% -9.7% 9.3% 43.42% 4
2014 -0.1% -10.3% 17.0% 64.97% 5
2013 -0.4% -11.9% 8.9% 11.52% 1

NAV & Total Return History

VWSTX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

VWSTX Category Low Category High VWSTX % Rank Quintile
Net Assets 15.9 B 491 K 58 B 0.64% 1
Number of Holdings 2231 1 7665 0.81% 1
Net Assets in Top 10 1.39 B -286 M 1.45 B 0.32% 1
Weighting of Top 10 8.8% 0.0% 100.0% 29.84% 4

Top 10 Holdings

  1. NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 1.71% 0.69%
  2. TEXAS ST 4% 2.29%
  3. ILLINOIS ST 5% 1.25%
  4. Baltimore Cnty Md Consolida 4% 0.93%
  5. NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 1.67% 0.76%
  6. METROPOLITAN TRANSN AUTH N Y 4% 0.68%
  7. TEXAS ST 1.96% 0.66%
  8. METROPOLITAN TRANSN AUTH N Y 2.16% 0.56%
  9. MARYLAND ST 5% 0.53%
  10. METROPOLITAN TRANSN AUTH N Y 4% 0.49%

Asset Allocation

Weighting Category Low Category High VWSTX % Rank Quintile
Bonds
93.50% 0.00% 202.21% 25.60% 5
Cash
6.50% -110.85% 100.00% 7.10% 1
Stocks
0.00% 0.00% 0.96% 1.13% 1
Preferred Stocks
0.00% 0.00% 10.29% 0.81% 1
Other
0.00% -2.77% 26.50% 6.13% 1
Convertible Bonds
0.00% 0.00% 2.30% 0.81% 1

Bond Sector Breakdown

Weighting Category Low Category High VWSTX % Rank Quintile
Municipal
93.71% 0.00% 121.26% 25.00% 5
Cash & Equivalents
6.29% -110.85% 100.00% 6.94% 1
Derivative
0.00% -5.91% 4.93% 0.81% 1
Securitized
0.00% 0.00% 39.64% 2.26% 1
Corporate
0.00% 0.00% 37.22% 4.52% 1
Government
0.00% -22.00% 117.34% 4.84% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWSTX % Rank Quintile
US
93.43% 0.00% 202.21% 25.81% 4
Non US
0.07% 0.00% 23.91% 12.58% 3

VWSTX - Expenses

Operational Fees

VWSTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.19% 0.08% 4.60% 25.12% 1
Management Fee 0.16% 0.00% 1.00% 6.44% 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

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

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

VWSTX Fees (% of AUM) Category Low Category High VWSTX Rank Quintile
Turnover 36.00% 0.00% 504.54% 9.50% 4

VWSTX - Distributions

Dividend Yield Analysis

VWSTX Category Low Category High VWSTX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.01% 44.70% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWSTX Category Low Category High VWSTX % Rank Quintile
Net Income Ratio 1.01% -0.41% 5.26% 40.90% 5

Capital Gain Distribution Analysis

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

VWSTX - Managers

Justin A. Schwartz

Manager

Start Date

Feb 26, 2016

Tenure

2.34

Tenure Rank

17.6%

Justin A. Schwartz, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2005, has managed investment portfolios since 2010. Education: B.S., University of Richmond.


Tenure Analysis

Category Low

0.0

Category High

38.8

Category Average

7.9

Category Mode

3.5