VMLUX: Vanguard Limited Term Tax Exempt Fund - MutualFunds.com
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Vanguard Ltd-Term Tx-Ex Adm

VMLUX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $36.9 B
  • Holdings in Top 10 3.7%

52 WEEK LOW AND HIGH

$11.25
$11.20
$11.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification

  • Primary Theme
    Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Compare VMLUX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.91

0.00%

$86.38 B

-

$0.00

0.34%

0.17%

Vanguard Limited Term Tax Exempt Fund

Fund

$11.26

+0.09%

$36.93 B

-

$0.00

0.00%

0.17%

American Funds Tax Exempt Bond Fund®

Fund

$13.79

0.00%

$26.89 B

-

$0.00

1.25%

0.52%

iShares National Muni Bond ETF

MUB | ETF

$117.72

-0.08%

$22.71 B

-

-

0.54%

0.07%

Vanguard Short Term Tax Exempt Fund

Fund

$15.93

0.00%

$22.07 B

-

$0.00

-0.13%

0.17%

VMLUX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Limited Term Tax Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Feb 12, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.

VMLUX - Performance

Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -88.4% 9.1% 72.71%
1 Yr 2.1% -19.8% 22.3% 80.85%
3 Yr 3.0%* -6.1% 10.6% 81.66%
5 Yr 2.0%* -3.5% 7.1% 75.01%
10 Yr 1.9%* -0.2% 9.5% 90.85%

* Annualized

Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -91.1% 310.0% 42.99%
2019 2.0% -79.8% 15.4% 76.74%
2018 -0.3% -72.6% 97.2% 6.68%
2017 0.5% -100.0% 7.6% 74.74%
2016 -1.6% -35.9% 96.8% 9.10%

Total Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -88.4% 8.7% 72.67%
1 Yr 2.1% -23.6% 29.0% 55.88%
3 Yr 3.0%* -6.9% 11.3% 68.99%
5 Yr 2.0%* -4.0% 7.1% 60.20%
10 Yr 1.9%* -0.4% 9.5% 91.52%

* Annualized

Total Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -91.1% 310.0% 42.99%
2019 2.0% -79.8% 15.4% 76.79%
2018 -0.3% -72.6% 11.0% 9.75%
2017 0.5% -100.0% 7.6% 75.73%
2016 -1.6% -35.9% 3.0% 12.17%

NAV & Total Return History

VMLUX - Holdings

Concentration Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Assets 36.9 B 901 K 86.4 B 0.23%
Number of Holdings 8131 1 11766 0.20%
Net Assets in Top 10 1.3 B -241 M 4.86 B 0.60%
Weighting of Top 10 3.74% 2.4% 100.0% 99.40%

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 VMLUX % Rank
Bonds 		96.59% 51.33% 145.79% 78.51%
Cash 		3.40% -45.79% 48.67% 21.41%
Stocks 		0.00% -0.08% 2.59% 79.88%
Preferred Stocks 		0.00% -3.41% 1.06% 79.79%
Other 		0.00% -13.42% 30.00% 80.47%
Convertible Bonds 		0.00% 0.00% 1.24% 80.88%

Bond Sector Breakdown

Weighting Return Low Return High VMLUX % Rank
Municipal 		96.60% 39.29% 100.00% 76.42%
Cash & Equivalents 		3.40% 0.00% 48.67% 22.58%
Derivative 		0.00% 0.00% 0.10% 80.92%
Securitized 		0.00% 0.00% 7.63% 81.04%
Corporate 		0.00% 0.00% 13.54% 83.29%
Government 		0.00% 0.00% 51.02% 81.32%

Bond Geographic Breakdown

Weighting Return Low Return High VMLUX % Rank
US 		96.03% 0.00% 141.11% 63.00%
Non US 		0.56% 0.00% 100.00% 50.62%

VMLUX - Expenses

Operational Fees

VMLUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.01% 4.23% 99.67%
Management Fee 0.08% 0.00% 1.12% 2.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VMLUX 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

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 31.00% 0.00% 299.40% 75.09%

VMLUX - Distributions

Dividend Yield Analysis

VMLUX Category Low Category High VMLUX % Rank
Dividend Yield 0.00% 0.00% 1.75% 81.60%

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 1.77% -1.65% 24.00% 73.61%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VMLUX - Fund Manager Analysis

Managers

Adam Ferguson

Start Date

Tenure

Tenure Rank

May 10, 2017

4.14

4.1%

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
0.01 36.27 7.11 0.66

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