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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Massachusetts Tax-Exempt Fund

VMATX | Fund

$10.13

$2.85 B

3.48%

$0.35

0.13%

Vitals

YTD Return

1.5%

1 yr return

9.3%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

1.0%

Net Assets

$2.85 B

Holdings in Top 10

11.3%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Massachusetts Tax-Exempt Fund

VMATX | Fund

$10.13

$2.85 B

3.48%

$0.35

0.13%

VMATX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Massachusetts Tax-Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jan 21, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen McFee

Fund Description

The Fund invests primarily in high-quality municipal bonds issued by Massachusetts state and local governments, as well as by regional governmental and public financing authorities. Under normal circumstances, at least 80% of the Fund’s assets will be invested in securities whose income is exempt from federal and Massachusetts state taxes. Although the Fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years.
Read More

VMATX - Performance

Return Ranking - Trailing

Period VMATX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -5.0% 26.7% 57.46%
1 Yr 9.3% 0.7% 38.1% 27.70%
3 Yr -0.7%* -10.8% 3.2% 54.00%
5 Yr 1.0%* -7.0% 1102.9% 24.95%
10 Yr 2.4%* -0.9% 248.6% 11.39%

* Annualized

Return Ranking - Calendar

Period VMATX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -1.4% 41.0% 14.95%
2022 -13.1% -39.7% 0.3% 72.92%
2021 -0.6% -5.6% 6.9% 54.67%
2020 3.1% -2.6% 310.0% 7.08%
2019 5.0% 0.0% 26.0% 13.99%

Total Return Ranking - Trailing

Period VMATX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -5.0% 26.7% 57.46%
1 Yr 9.3% 0.7% 38.1% 27.70%
3 Yr -0.7%* -10.8% 3.2% 54.00%
5 Yr 1.0%* -7.0% 1102.9% 24.95%
10 Yr 2.4%* -0.9% 248.6% 11.39%

* Annualized

Total Return Ranking - Calendar

Period VMATX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -1.3% 41.0% 11.28%
2022 -10.6% -39.7% 1.1% 69.74%
2021 2.3% -4.8% 23761504.0% 31.56%
2020 6.3% -1.5% 17057.9% 5.21%
2019 9.0% 0.2% 3514.6% 7.00%

NAV & Total Return History

VMATX - Holdings

Concentration Analysis

VMATX Category Low Category High VMATX % Rank
Net Assets 2.85 B 3.22 M 71.9 B 12.52%
Number of Holdings 891 4 13418 12.52%
Net Assets in Top 10 321 M -317 M 3.09 B 10.52%
Weighting of Top 10 11.32% 1.8% 100.3% 76.15%

Top 10 Holdings

  1. MASSACHUSETTS ST TRAN 1.38%
  2. MASSACHUSETTS ST-A 1.31%
  3. MA DEV FIN AGY-A 1.31%
  4. MASSACHUSETTS ST-A 1.23%
  5. MASSACHUSETTS ST HSG 1.12%
  6. UNIV MA BLDG AUTH-1 1.11%
  7. MASSACHUSETTS ST-E 1.05%
  8. MASSACHUSETTS ST DEV 0.97%
  9. MA DEV FIN AUTH-U-2 0.94%
  10. MA SCH BLDG-SUB-A 0.91%

Asset Allocation

Weighting Return Low Return High VMATX % Rank
Bonds 		99.39% 0.00% 150.86% 38.32%
Cash 		0.61% -50.86% 44.62% 64.71%
Other 		0.00% -3.69% 51.88% 14.71%
Stocks 		0.00% 0.00% 99.78% 51.16%
Preferred Stocks 		0.00% 0.00% 0.07% 42.28%
Convertible Bonds 		0.00% 0.00% 0.93% 41.98%

Bond Sector Breakdown

Weighting Return Low Return High VMATX % Rank
Municipal 		100.00% 44.39% 100.00% 4.14%
Derivative 		0.00% -3.69% 51.88% 10.72%
Cash & Equivalents 		0.00% 0.00% 44.41% 74.83%
Securitized 		0.00% 0.00% 5.93% 42.91%
Corporate 		0.00% 0.00% 9.41% 52.07%
Government 		0.00% 0.00% 52.02% 46.06%

Bond Geographic Breakdown

Weighting Return Low Return High VMATX % Rank
US 		99.39% 0.00% 142.23% 36.42%
Non US 		0.00% 0.00% 23.89% 44.94%

VMATX - Expenses

Operational Fees

VMATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.01% 8.02% 98.47%
Management Fee 0.12% 0.00% 1.20% 2.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

VMATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

VMATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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.

VMATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 283.00% 85.27%

VMATX - Distributions

Dividend Yield Analysis

VMATX Category Low Category High VMATX % Rank
Dividend Yield 3.48% 0.00% 14.51% 26.41%

Dividend Distribution Analysis

VMATX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VMATX Category Low Category High VMATX % Rank
Net Income Ratio 2.27% -0.53% 5.33% 32.14%

Capital Gain Distribution Analysis

VMATX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

VMATX - Fund Manager Analysis

Managers

Stephen McFee

Start Date

Tenure

Tenure Rank

Feb 07, 2020

2.31

2.3%

Stephen M. McFee, CFA, Portfolio Manager and co-lead of the municipal revenue team in Vanguard's Fixed Income Group. He has been with Vanguard since 2005, has worked in investment management since 2007. Education: B.A./B.S., East Stroudsburg University; M.S., St. Joseph's University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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