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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$11.17

$38.9 B

4.47%

$0.50

0.17%

Vitals

YTD Return

-0.8%

1 yr return

0.9%

3 Yr Avg Return

2.9%

5 Yr Avg Return

1.9%

Net Assets

$38.9 B

Holdings in Top 10

3.6%

52 WEEK LOW AND HIGH

$11.2
$11.17
$11.29

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

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 & DIV

Exp Ratio

Watchlist

$11.17

$38.9 B

4.47%

$0.50

0.17%

VMLTX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 4.5%
  • 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 -0.8% -88.5% 99.9% 39.06%
1 Yr 0.9% -20.5% 20.4% 84.71%
3 Yr 2.9%* -6.2% 10.4% 82.47%
5 Yr 1.9%* -3.5% 6.8% 77.59%
10 Yr 1.7%* -0.2% 8.7% 90.46%

* Annualized

Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -91.1% 310.0% 42.86%
2019 2.0% -79.8% 15.4% 76.43%
2018 -0.3% -72.6% 97.2% 6.70%
2017 0.5% -100.0% 7.6% 74.36%
2016 -1.6% -35.9% 96.8% 9.23%

Total Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -88.5% 100.0% 39.10%
1 Yr 0.9% -24.2% 24.2% 53.31%
3 Yr 2.9%* -7.0% 11.7% 70.48%
5 Yr 1.9%* -4.0% 6.8% 62.96%
10 Yr 1.7%* -0.6% 8.7% 90.66%

* Annualized

Total Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -91.1% 310.0% 42.82%
2019 2.0% -79.8% 15.4% 76.47%
2018 -0.3% -72.6% 11.0% 9.70%
2017 0.5% -100.0% 7.6% 75.32%
2016 -1.6% -35.9% 3.0% 12.16%

NAV & Total Return History


VMLTX - Holdings

Concentration Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Assets 38.9 B 878 K 87.9 B 0.18%
Number of Holdings 8666 1 12437 0.16%
Net Assets in Top 10 1.31 B -308 M 3.88 B 0.61%
Weighting of Top 10 3.59% 2.3% 100.0% 99.26%

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
96.53% 46.14% 145.79% 78.87%
Cash
3.47% -45.79% 53.86% 20.73%
Stocks
0.00% -1.11% 3.02% 44.84%
Preferred Stocks
0.00% -3.40% 1.04% 41.38%
Other
0.00% -9.70% 30.00% 42.85%
Convertible Bonds
0.00% -0.02% 0.75% 42.20%

Bond Sector Breakdown

Weighting Return Low Return High VMLTX % Rank
Municipal
96.53% 46.14% 100.00% 76.24%
Cash & Equivalents
3.47% 0.00% 53.86% 22.00%
Derivative
0.00% 0.00% 1.12% 42.15%
Securitized
0.00% 0.00% 8.03% 42.77%
Corporate
0.00% 0.00% 11.97% 51.86%
Government
0.00% 0.00% 50.79% 46.33%

Bond Geographic Breakdown

Weighting Return Low Return High VMLTX % Rank
US
96.05% 0.00% 141.11% 63.33%
Non US
0.48% 0.00% 100.00% 50.84%

VMLTX - Expenses

Operational Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.04% 4.23% 98.38%
Management Fee 0.15% 0.00% 1.60% 3.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 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 31.00% 0.00% 314.00% 76.39%

VMLTX - Distributions

Dividend Yield Analysis

VMLTX Category Low Category High VMLTX % Rank
Dividend Yield 4.47% 0.00% 35.27% 49.34%

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 1.69% -0.53% 24.00% 73.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VMLTX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

May 10, 2017

4.39

4.4%

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
0.06 36.52 7.21 0.91