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Name

As of 11/20/2024

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 Limited-Term Tax-Exempt Fund

VMLUX | Fund

$10.88

$29.5 B

2.95%

$0.32

0.09%

Vitals

YTD Return

2.8%

1 yr return

4.7%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.5%

Net Assets

$29.5 B

Holdings in Top 10

5.0%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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 Limited-Term Tax-Exempt Fund

VMLUX | Fund

$10.88

$29.5 B

2.95%

$0.32

0.09%

VMLUX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Limited-Term Tax-Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Feb 15, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Admiral
  • Currency
    USD
  • Domiciled Country
    US
  • 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 (NRSRO) (e.g., Aaa, Aa, and A by Moody’s Investors Service, Inc. (Moody’s)) or, if unrated, are determined to be of comparable quality by the advisor. The Fund may invest up to 20% of its assets in medium-grade quality bonds, as determined by an NRSRO (e.g., Baa by Moody’s) or by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, are determined to be of comparable quality by the advisor.
Read More

VMLUX - Performance

Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -4.6% 33.0% 34.18%
1 Yr 4.7% -0.1% 38.0% 77.35%
3 Yr 1.3%* -10.8% 3.4% 4.95%
5 Yr 1.5%* -6.7% 1104.0% 11.79%
10 Yr 1.6%* -0.9% 248.8% 54.93%

* Annualized

Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.4% 41.0% 79.83%
2022 -4.5% -39.7% 0.3% 7.45%
2021 -0.8% -5.6% 6.9% 65.76%
2020 1.6% -2.6% 310.0% 52.95%
2019 2.0% 0.0% 26.0% 89.79%

Total Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -4.6% 33.0% 34.18%
1 Yr 4.7% -0.1% 38.0% 77.35%
3 Yr 1.3%* -10.8% 3.4% 4.95%
5 Yr 1.5%* -6.7% 1104.0% 11.79%
10 Yr 1.6%* -0.9% 248.8% 54.93%

* Annualized

Total Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -1.3% 41.0% 76.49%
2022 -2.8% -39.7% 1.1% 5.42%
2021 0.6% -4.8% 23761504.0% 74.15%
2020 2.9% -1.5% 17057.9% 76.09%
2019 4.2% 0.2% 3514.6% 86.21%

NAV & Total Return History

VMLUX - Holdings

Concentration Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Assets 29.5 B 3.22 M 71.9 B 0.47%
Number of Holdings 6927 4 13418 0.47%
Net Assets in Top 10 1.48 B -317 M 3.09 B 0.67%
Weighting of Top 10 4.95% 1.8% 100.3% 98.13%

Top 10 Holdings

  1. Vanguard Municipal Cash Management Fund 1.40%
  2. TNDR OPT-FTR-BAML5041 0.46%
  3. NUVEEN-AMT-FREE-C 0.43%
  4. BLACK BELT ENERGY GAS 0.41%
  5. CENTRL PLAINS ENERGY 0.40%
  6. BLACK BELT ENERGY GAS 0.40%
  7. MAIN ST NAT GAS INC 0.38%
  8. NUVEEN AMT-FREE-D 0.37%
  9. BLACK BELT ENERGY GAS 0.36%
  10. BLACK BELT ENERGY GAS 0.35%

Asset Allocation

Weighting Return Low Return High VMLUX % Rank
Bonds 		98.95% 0.00% 150.86% 51.66%
Cash 		1.40% -50.86% 44.62% 41.11%
Stocks 		0.00% 0.00% 99.78% 89.75%
Preferred Stocks 		0.00% 0.00% 0.07% 88.81%
Other 		0.00% -3.69% 51.88% 84.54%
Convertible Bonds 		0.00% 0.00% 0.93% 88.56%

Bond Sector Breakdown

Weighting Return Low Return High VMLUX % Rank
Municipal 		94.02% 44.39% 100.00% 85.35%
Cash & Equivalents 		1.40% 0.00% 44.41% 25.18%
Derivative 		0.00% -3.69% 51.88% 79.35%
Securitized 		0.00% 0.00% 5.93% 88.83%
Corporate 		0.00% 0.00% 9.41% 90.10%
Government 		0.00% 0.00% 52.02% 90.70%

Bond Geographic Breakdown

Weighting Return Low Return High VMLUX % Rank
US 		98.95% 0.00% 142.23% 49.57%
Non US 		0.00% 0.00% 23.89% 88.54%

VMLUX - Expenses

Operational Fees

VMLUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.01% 8.02% 99.33%
Management Fee 0.08% 0.00% 1.20% 2.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.44% 29.13%

Sales Fees

VMLUX 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

VMLUX 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.

VMLUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 283.00% 85.48%

VMLUX - Distributions

Dividend Yield Analysis

VMLUX Category Low Category High VMLUX % Rank
Dividend Yield 2.95% 0.00% 14.51% 65.71%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Income Ratio 1.34% -0.53% 5.33% 78.35%

Capital Gain Distribution Analysis

VMLUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VMLUX - 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 7.35 1.58

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