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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vanguard Limited Term Tax Exempt Fund

VMLUX | Fund

$10.50

$34.5 B

2.43%

$0.26

0.09%

Vitals

YTD Return

-6.0%

1 yr return

-3.1%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.2%

Net Assets

$34.5 B

Holdings in Top 10

3.5%

52 WEEK LOW AND HIGH

$10.5
$10.50
$11.20

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

Investment Style

Muni National Short

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vanguard Limited Term Tax Exempt Fund

VMLUX | Fund

$10.50

$34.5 B

2.43%

$0.26

0.09%

VMLUX - Profile

Distributions

  • YTD Total Return -6.0%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 2.4%
  • 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 -6.0% -86.8% 7.5% 25.32%
1 Yr -3.1% -16.3% 15.7% 29.23%
3 Yr 0.8%* -6.2% 10.3% 30.84%
5 Yr 1.2%* -3.5% 5.7% 61.85%
10 Yr 1.3%* -0.6% 8.3% 81.27%

* Annualized

Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -91.1% 101.7% 59.68%
2020 1.6% -79.2% 310.0% 52.66%
2019 2.0% -66.1% 15.4% 68.82%
2018 -0.3% -57.4% 97.2% 22.81%
2017 0.5% -100.0% 6.8% 64.34%

Total Return Ranking - Trailing

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.0% -86.8% 7.5% 23.85%
1 Yr -3.1% -16.3% 23.6% 27.94%
3 Yr 0.8%* -7.0% 11.5% 30.03%
5 Yr 1.2%* -4.0% 5.7% 51.70%
10 Yr 1.3%* -0.6% 8.3% 78.23%

* Annualized

Total Return Ranking - Calendar

Period VMLUX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -91.1% 101.7% 59.70%
2020 1.6% -79.2% 310.0% 52.63%
2019 2.0% -66.1% 15.4% 68.88%
2018 -0.3% -57.4% 97.2% 26.14%
2017 0.5% -48.8% 7.0% 65.37%

NAV & Total Return History

VMLUX - Holdings

Concentration Analysis

VMLUX Category Low Category High VMLUX % Rank
Net Assets 34.5 B 1.23 M 73.9 B 0.24%
Number of Holdings 9899 1 14000 0.22%
Net Assets in Top 10 1.28 B -317 M 8.64 B 0.71%
Weighting of Top 10 3.49% 2.4% 100.0% 99.28%

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% 89.64%
Cash 		5.98% -50.86% 100.00% 10.19%
Stocks 		0.00% -0.03% 4.63% 83.51%
Preferred Stocks 		0.00% -1.79% 0.04% 82.47%
Other 		0.00% -13.03% 30.01% 81.90%
Convertible Bonds 		0.00% 0.00% 0.93% 82.96%

Bond Sector Breakdown

Weighting Return Low Return High VMLUX % Rank
Municipal 		94.02% 0.00% 100.00% 87.99%
Cash & Equivalents 		5.98% 0.00% 100.00% 11.08%
Derivative 		0.00% 0.00% 21.68% 82.03%
Securitized 		0.00% 0.00% 5.93% 82.61%
Corporate 		0.00% 0.00% 9.99% 84.79%
Government 		0.00% 0.00% 52.02% 82.92%

Bond Geographic Breakdown

Weighting Return Low Return High VMLUX % Rank
US 		93.42% 0.00% 142.23% 80.20%
Non US 		0.60% 0.00% 62.14% 49.56%

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% 99.51%
Management Fee 0.09% 0.00% 1.10% 2.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.44% 28.16%

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% 85.97%

VMLUX - Distributions

Dividend Yield Analysis

VMLUX Category Low Category High VMLUX % Rank
Dividend Yield 2.43% 0.00% 35.27% 54.00%

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% 77.98%

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

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

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