VMLUX: Vanguard Limited Term Tax Exempt Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Vanguard Ltd-Term Tx-Ex Adm

VMLUX - Snapshot

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $32.5 B
  • Holdings in Top 10 4.0%

52 WEEK LOW AND HIGH

$11.24
$10.51
$11.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • 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

$14.80

0.00%

$78.56 B

-

$0.00

2.28%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.57

+0.07%

$24.26 B

-

$0.00

1.80%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.54

-0.21%

$18.20 B

-

-

2.31%

-

VMLUX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.98%
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 1.4% -4.4% 307.3% 41.45%
1 Yr 3.0% -5.4% 5.8% 23.36%
3 Yr 2.6%* -0.6% 8.2% 78.06%
5 Yr 2.1%* -0.3% 6.9% 83.38%
10 Yr 1.9%* -0.1% 8.1% 89.57%

* Annualized

Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -0.3% 15.4% 89.42%
2018 -0.3% -10.3% 97.2% 8.79%
2017 0.5% -100.0% 7.6% 81.83%
2016 -1.6% -7.9% 96.8% 11.53%
2015 -0.2% -4.8% 3.0% 46.67%

Total Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -4.4% 307.3% 41.51%
1 Yr 3.0% -8.3% 5.8% 18.16%
3 Yr 2.6%* -2.5% 8.2% 60.65%
5 Yr 2.1%* -1.5% 6.9% 74.42%
10 Yr 1.9%* -0.4% 8.1% 89.12%

* Annualized

Total Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -0.3% 15.4% 89.48%
2018 -0.3% -10.3% 11.0% 12.90%
2017 0.5% -100.0% 7.6% 83.14%
2016 -1.6% -7.9% 3.0% 15.54%
2015 -0.2% -4.8% 4.0% 51.55%

NAV & Total Return History


VMLUX - Holdings

Concentration Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Assets 32.5 B 611 K 78.6 B 0.23%
Number of Holdings 7213 1 10805 0.23%
Net Assets in Top 10 1.27 B -199 M 3.97 B 0.79%
Weighting of Top 10 4.01% 2.5% 100.0% 99.04%

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
97.44% 0.00% 147.66% 69.07%
Cash
2.56% -47.66% 100.00% 29.99%
Stocks
0.00% 0.00% 1.80% 93.35%
Preferred Stocks
0.00% -0.98% 1.07% 92.67%
Other
0.00% -1.46% 12.83% 92.50%
Convertible Bonds
0.00% 0.00% 1.64% 93.07%

Bond Sector Breakdown

Weighting Return Low Return High VMLUX % Rank
Municipal
97.42% 0.00% 100.00% 66.80%
Cash & Equivalents
2.58% 0.00% 100.00% 30.33%
Derivative
0.00% 0.00% 2.16% 92.95%
Securitized
0.00% 0.00% 6.06% 92.95%
Corporate
0.00% 0.00% 12.97% 94.25%
Government
0.00% 0.00% 49.72% 93.46%

Bond Geographic Breakdown

Weighting Return Low Return High VMLUX % Rank
US
96.87% 0.00% 141.34% 52.48%
Non US
0.57% 0.00% 27.82% 56.26%

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% 99.37%
Management Fee 0.08% 0.00% 1.10% 1.69%
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 0.50% 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% 2.00% 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 21.00% 0.00% 233.00% 51.89%

VMLUX - Distributions

Dividend Yield Analysis

VMLUX Category Low Category High VMLUX % Rank
Dividend Yield 0.00% 0.00% 3.55% 93.30%

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 1.98% 0.00% 6.48% 73.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VMLUX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

May 10, 2017

3.48

3.5%

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
0.02 35.61 7.61 2.84
Continue to site >
Trending ETFs