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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.80

$34.5 B

2.11%

$0.23

0.09%

Vitals

YTD Return

1.2%

1 yr return

-1.9%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

-0.1%

Net Assets

$34.5 B

Holdings in Top 10

3.5%

52 WEEK LOW AND HIGH

$10.8
$10.46
$11.03

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

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.80

$34.5 B

2.11%

$0.23

0.09%

VMLUX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 2.1%
  • 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 (NRSRO) (e.g., Aaa, Aa, and A by Moody‘s Investors Service, Inc. (Moody‘s)) or, if unrated, 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, determined to be of comparable quality by the advisor.
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VMLUX - Performance

Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -86.8% 7.5% 65.96%
1 Yr -1.9% -20.9% 15.7% 28.72%
3 Yr -1.1%* -10.2% 52.2% 29.72%
5 Yr -0.1%* -5.1% 29.7% 28.83%
10 Yr -0.3%* -3.2% 13.6% 17.42%

* Annualized

Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2022 -4.5% -91.1% 101.7% 24.12%
2021 -0.4% -79.2% 102.5% 66.86%
2020 0.5% -66.1% 60.0% 42.08%
2019 0.5% -57.4% 7.6% 81.70%
2018 -0.1% -35.9% 3.2% 10.86%

Total Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -86.8% 7.5% 65.93%
1 Yr -1.9% -20.9% 15.4% 21.24%
3 Yr -1.1%* -10.2% 52.2% 31.51%
5 Yr -0.1%* -5.1% 29.7% 34.00%
10 Yr -0.3%* -3.2% 13.6% 24.09%

* Annualized

Total Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2022 -4.5% -91.1% 101.7% 24.16%
2021 -0.4% -79.2% 102.5% 66.83%
2020 0.5% -66.1% 60.0% 42.06%
2019 0.5% -57.4% 7.6% 81.71%
2018 -0.1% -35.9% 3.2% 14.15%

NAV & Total Return History


VMLUX - Holdings

Concentration Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Assets 34.5 B 2.87 M 73.9 B 0.24%
Number of Holdings 9899 1 14000 0.23%
Net Assets in Top 10 1.28 B -317 M 8.64 B 0.73%
Weighting of Top 10 3.49% 2.4% 100.0% 99.27%

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
94.02% 0.00% 150.86% 89.81%
Cash
5.98% -50.86% 100.00% 10.02%
Stocks
0.00% -0.03% 4.63% 75.71%
Preferred Stocks
0.00% -1.79% 0.04% 74.10%
Other
0.00% -13.03% 30.01% 74.24%
Convertible Bonds
0.00% 0.00% 0.93% 74.47%

Bond Sector Breakdown

Weighting Return Low Return High VMLUX % Rank
Municipal
94.02% 0.00% 100.00% 88.12%
Cash & Equivalents
5.98% 0.00% 100.00% 10.88%
Derivative
0.00% 0.00% 21.68% 72.97%
Securitized
0.00% 0.00% 5.93% 73.65%
Corporate
0.00% 0.00% 9.99% 79.09%
Government
0.00% 0.00% 52.02% 76.42%

Bond Geographic Breakdown

Weighting Return Low Return High VMLUX % Rank
US
93.42% 0.00% 142.23% 80.18%
Non US
0.60% 0.00% 62.14% 49.52%

VMLUX - Expenses

Operational Fees

VMLUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.02% 3.60% 99.45%
Management Fee 0.09% 0.00% 1.10% 1.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.44% 27.11%

Sales Fees

VMLUX 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

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% 85.86%

VMLUX - Distributions

Dividend Yield Analysis

VMLUX Category Low Category High VMLUX % Rank
Dividend Yield 2.11% 0.00% 35.27% 55.05%

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% 24.00% 78.11%

Capital Gain Distribution Analysis

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

Distributions History

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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 7.22 1.58