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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.71

$34.5 B

1.97%

$0.21

0.17%

Vitals

YTD Return

-4.1%

1 yr return

-4.1%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

-0.4%

Net Assets

$34.5 B

Holdings in Top 10

3.5%

52 WEEK LOW AND HIGH

$10.7
$10.46
$11.17

Expenses

OPERATING FEES

Expense Ratio 0.17%

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

Investment Style

Muni National Short


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.71

$34.5 B

1.97%

$0.21

0.17%

VMLTX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.26%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Limited Term Tax Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Aug 31, 1987
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Ferguson

Fund Description

The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 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. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.


VMLTX - Performance

Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -86.8% 7.5% 21.94%
1 Yr -4.1% -26.9% 15.7% 29.45%
3 Yr -1.1%* -10.1% 52.0% 29.96%
5 Yr -0.4%* -5.7% 29.0% 28.69%
10 Yr -0.4%* -3.7% 13.2% 17.38%

* Annualized

Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -91.1% 101.7% 60.03%
2020 0.8% -79.2% 102.5% 55.06%
2019 0.7% -66.1% 6.4% 69.20%
2018 -0.1% -57.4% 18.9% 23.00%
2017 0.1% -35.9% 3.2% 64.75%

Total Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -86.8% 7.5% 21.65%
1 Yr -4.1% -26.9% 15.4% 30.17%
3 Yr -1.1%* -10.1% 52.0% 32.04%
5 Yr -0.4%* -5.7% 29.0% 33.72%
10 Yr -0.4%* -3.7% 13.3% 24.72%

* Annualized

Total Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -91.1% 101.7% 60.05%
2020 0.8% -79.2% 102.5% 55.03%
2019 0.7% -66.1% 13.4% 69.27%
2018 -0.1% -57.4% 18.9% 26.29%
2017 0.1% -35.9% 3.2% 65.78%

NAV & Total Return History


VMLTX - Holdings

Concentration Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Assets 34.5 B 1.23 M 73.9 B 0.18%
Number of Holdings 9899 1 14000 0.18%
Net Assets in Top 10 1.28 B -317 M 8.64 B 0.67%
Weighting of Top 10 3.49% 2.4% 100.0% 99.24%

Top 10 Holdings

  1. Cmt Municipal Rate 1.30%
  2. Cmt Municipal Rate 1.30%
  3. Cmt Municipal Rate 1.30%
  4. Cmt Municipal Rate 1.30%
  5. Cmt Municipal Rate 1.30%
  6. Cmt Municipal Rate 1.30%
  7. Cmt Municipal Rate 1.30%
  8. Cmt Municipal Rate 1.30%
  9. Cmt Municipal Rate 1.30%
  10. Cmt Municipal Rate 1.30%

Asset Allocation

Weighting Return Low Return High VMLTX % Rank
Bonds
94.02% 0.00% 150.86% 89.54%
Cash
5.98% -50.86% 100.00% 10.20%
Stocks
0.00% -0.03% 4.63% 19.71%
Preferred Stocks
0.00% -1.79% 0.04% 16.78%
Other
0.00% -13.03% 30.01% 17.94%
Convertible Bonds
0.00% 0.00% 0.93% 16.91%

Bond Sector Breakdown

Weighting Return Low Return High VMLTX % Rank
Municipal
94.02% 0.00% 100.00% 87.87%
Cash & Equivalents
5.98% 0.00% 100.00% 11.01%
Derivative
0.00% 0.00% 21.68% 16.42%
Securitized
0.00% 0.00% 5.93% 18.12%
Corporate
0.00% 0.00% 9.99% 32.17%
Government
0.00% 0.00% 52.02% 22.19%

Bond Geographic Breakdown

Weighting Return Low Return High VMLTX % Rank
US
93.42% 0.00% 142.23% 80.04%
Non US
0.60% 0.00% 62.14% 49.22%

VMLTX - Expenses

Operational Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.02% 3.60% 98.06%
Management Fee 0.16% 0.00% 1.10% 3.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.44% 25.44%

Sales Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

VMLTX 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.

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 283.00% 85.52%

VMLTX - Distributions

Dividend Yield Analysis

VMLTX Category Low Category High VMLTX % Rank
Dividend Yield 1.97% 0.00% 35.27% 56.46%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Income Ratio 1.26% -0.53% 24.00% 80.07%

Capital Gain Distribution Analysis

VMLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Distributions History

View More +

VMLTX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

May 10, 2017

5.06

5.1%

Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58