Vanguard High-Yield Tax-Exempt
- VWAHX
- Price as of: Jul 30, 2021
-
$12.24
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Vanguard
- Share Class
VWAHX - Snapshot
Vitals
- YTD Return 2.3%
- 3 Yr Annualized Return 6.3%
- 5 Yr Annualized Return 4.3%
- Net Assets $18.4 B
- Holdings in Top 10 3.9%
52 WEEK LOW AND HIGH
$12.24
$11.66
$12.26
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.17%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 19.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $3,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni National Long
VWAHX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanguard High Yield Tax Exempt Fund
-
Fund Family NameVanguard
-
Inception DateDec 27, 1978
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMathew Kiselak
Fund Description
The fund invests at least 80% of its assets in investment-grade municipal bonds, as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Baa or higher by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor. It may invest up to 20% of its assets in less-than-investment-grade bonds, as determined by an NRSRO (e.g., Baa by Moody's) or by the advisor.
VWAHX - Performance
Return Ranking - Trailing
| Period | VWAHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -88.5% | 9.5% | 10.14% |
| 1 Yr | 8.4% | -19.8% | 22.3% | 9.24% |
| 3 Yr | 6.3%* | -6.1% | 10.6% | 7.52% |
| 5 Yr | 4.3%* | -3.5% | 7.1% | 3.10% |
| 10 Yr | 5.5%* | -0.2% | 9.5% | 9.00% |
* Annualized
Return Ranking - Calendar
| Period | VWAHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 1.9% | -91.1% | 310.0% | 34.34% |
| 2019 | 5.2% | -79.8% | 15.4% | 13.53% |
| 2018 | -2.4% | -72.6% | 97.2% | 48.51% |
| 2017 | 3.9% | -100.0% | 7.6% | 6.48% |
| 2016 | -2.7% | -35.9% | 96.8% | 45.15% |
Total Return Ranking - Trailing
| Period | VWAHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -88.5% | 9.5% | 10.14% |
| 1 Yr | 8.4% | -23.6% | 29.0% | 9.65% |
| 3 Yr | 6.3%* | -6.9% | 11.3% | 8.14% |
| 5 Yr | 4.3%* | -4.0% | 7.1% | 2.73% |
| 10 Yr | 5.5%* | -0.4% | 9.5% | 7.73% |
* Annualized
Total Return Ranking - Calendar
| Period | VWAHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 1.9% | -91.1% | 310.0% | 34.34% |
| 2019 | 5.2% | -79.8% | 15.4% | 13.53% |
| 2018 | -2.4% | -72.6% | 11.0% | 50.17% |
| 2017 | 3.9% | -100.0% | 7.6% | 7.91% |
| 2016 | -2.7% | -35.9% | 3.0% | 49.40% |
NAV & Total Return History
VWAHX - Holdings
Concentration Analysis
| VWAHX | Category Low | Category High | VWAHX % Rank | |
|---|---|---|---|---|
| Net Assets | 18.4 B | 901 K | 86.4 B | 0.92% |
| Number of Holdings | 3061 | 1 | 11766 | 1.14% |
| Net Assets in Top 10 | 644 M | -241 M | 4.86 B | 2.72% |
| Weighting of Top 10 | 3.85% | 2.4% | 100.0% | 99.31% |
Top 10 Holdings
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.60%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0.51%
- SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 0.48%
- TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 0.41%
- METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 0.39%
- SALT LAKE CITY UTAH ARPT REV 5% 0.35%
- VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 0.34%
- NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 0.33%
- METROPOLITAN TRANSN AUTH N Y REV 0.32%
- NEW YORK TRANSN DEV CORP SPL FAC REV 0.30%
Asset Allocation
| Weighting | Return Low | Return High | VWAHX % Rank | |
|---|---|---|---|---|
| Bonds | 100.12% | 51.33% | 145.79% | 8.85% |
| Stocks | 0.00% | -0.08% | 2.77% | 45.64% |
| Preferred Stocks | 0.00% | -3.41% | 1.06% | 42.81% |
| Other | 0.00% | -13.42% | 30.00% | 44.56% |
| Convertible Bonds | 0.00% | 0.00% | 1.18% | 43.66% |
| Cash | -0.12% | -45.79% | 48.67% | 92.20% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VWAHX % Rank | |
|---|---|---|---|---|
| Municipal | 99.98% | 39.29% | 100.00% | 32.05% |
| Cash & Equivalents | 0.02% | 0.00% | 48.67% | 65.88% |
| Derivative | 0.00% | 0.00% | 0.10% | 43.46% |
| Securitized | 0.00% | 0.00% | 7.63% | 44.39% |
| Corporate | 0.00% | 0.00% | 13.54% | 51.99% |
| Government | 0.00% | 0.00% | 51.02% | 45.74% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VWAHX % Rank | |
|---|---|---|---|---|
| US | 98.35% | 0.00% | 141.11% | 43.79% |
| Non US | 1.77% | 0.00% | 100.00% | 34.97% |
VWAHX - Expenses
Operational Fees
| VWAHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.17% | 0.01% | 4.23% | 98.31% |
| Management Fee | 0.15% | 0.00% | 1.12% | 3.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| VWAHX 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
| VWAHX 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.
| VWAHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.00% | 299.40% | 44.01% |
VWAHX - Distributions
Dividend Yield Analysis
| VWAHX | Category Low | Category High | VWAHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.59% | 45.48% |
Dividend Distribution Analysis
| VWAHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| VWAHX | Category Low | Category High | VWAHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.22% | -1.65% | 24.00% | 9.10% |
Capital Gain Distribution Analysis
| VWAHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Apr 01, 2019 | $0.035 |
| Mar 01, 2019 | $0.032 |
| Feb 01, 2019 | $0.035 |
| Jan 02, 2019 | $0.036 |
| Dec 03, 2018 | $0.034 |
| Nov 01, 2018 | $0.036 |
| Oct 01, 2018 | $0.034 |
| Sep 04, 2018 | $0.036 |
| Aug 01, 2018 | $0.036 |
| Jul 02, 2018 | $0.035 |
| Jun 01, 2018 | $0.036 |
| May 01, 2018 | $0.035 |
| Apr 02, 2018 | $0.036 |
| Mar 01, 2018 | $0.033 |
| Feb 01, 2018 | $0.036 |
| Jan 02, 2018 | $0.036 |
| Dec 01, 2017 | $0.034 |
| Nov 01, 2017 | $0.035 |
| Oct 02, 2017 | $0.034 |
| Sep 01, 2017 | $0.036 |
| Aug 01, 2017 | $0.036 |
| Jul 03, 2017 | $0.035 |
| Jun 01, 2017 | $0.036 |
| May 01, 2017 | $0.034 |
| Apr 03, 2017 | $0.036 |
| Mar 01, 2017 | $0.033 |
| Feb 01, 2017 | $0.036 |
| Jan 03, 2017 | $0.036 |
| Dec 01, 2016 | $0.034 |
| Nov 01, 2016 | $0.035 |
| Oct 03, 2016 | $0.033 |
| Sep 01, 2016 | $0.034 |
| Aug 01, 2016 | $0.035 |
| Jul 01, 2016 | $0.034 |
| Jun 01, 2016 | $0.035 |
| May 02, 2016 | $0.034 |
| Apr 01, 2016 | $0.035 |
| Mar 01, 2016 | $0.033 |
| Feb 01, 2016 | $0.035 |
| Jan 04, 2016 | $0.036 |
| Dec 01, 2015 | $0.035 |
| Nov 02, 2015 | $0.035 |
| Oct 01, 2015 | $0.035 |
| Sep 01, 2015 | $0.036 |
| Aug 03, 2015 | $0.036 |
| Jul 01, 2015 | $0.034 |
| Jun 01, 2015 | $0.035 |
| May 01, 2015 | $0.034 |
| Apr 01, 2015 | $0.035 |
| Mar 02, 2015 | $0.032 |
| Feb 02, 2015 | $0.035 |
| Jan 02, 2015 | $0.035 |
| Dec 01, 2014 | $0.033 |
| Nov 03, 2014 | $0.035 |
| Oct 01, 2014 | $0.034 |
| Sep 02, 2014 | $0.036 |
| Aug 01, 2014 | $0.036 |
| Jul 01, 2014 | $0.035 |
| Jun 02, 2014 | $0.036 |
| May 01, 2014 | $0.036 |
| Apr 01, 2014 | $0.038 |
| Mar 03, 2014 | $0.034 |
| Feb 03, 2014 | $0.038 |
| Jan 02, 2014 | $0.038 |
| Dec 02, 2013 | $0.036 |
| Nov 01, 2013 | $0.038 |
| Oct 01, 2013 | $0.037 |
| Sep 03, 2013 | $0.038 |
| Aug 01, 2013 | $0.037 |
| Jul 01, 2013 | $0.035 |
| Jun 03, 2013 | $0.035 |
| May 01, 2013 | $0.034 |
| Apr 01, 2013 | $0.036 |
| Mar 01, 2013 | $0.033 |
| Feb 01, 2013 | $0.036 |
| Jan 02, 2013 | $0.036 |
| Dec 03, 2012 | $0.034 |
| Nov 01, 2012 | $0.035 |
| Oct 01, 2012 | $0.033 |
| Sep 04, 2012 | $0.035 |
| Aug 01, 2012 | $0.035 |
| Jul 02, 2012 | $0.035 |
| Jun 01, 2012 | $0.037 |
| May 01, 2012 | $0.035 |
| Apr 02, 2012 | $0.036 |
| Mar 01, 2012 | $0.034 |
| Feb 01, 2012 | $0.037 |
| Jan 03, 2012 | $0.038 |
| Dec 01, 2011 | $0.036 |
| Nov 01, 2011 | $0.038 |
| Oct 03, 2011 | $0.037 |
| Sep 01, 2011 | $0.039 |
| Aug 01, 2011 | $0.040 |
| Jul 01, 2011 | $0.038 |
| Jun 01, 2011 | $0.040 |
| May 02, 2011 | $0.039 |
| Apr 01, 2011 | $0.040 |
| Mar 01, 2011 | $0.037 |
| Feb 01, 2011 | $0.041 |
| Jan 03, 2011 | $0.040 |
| Dec 01, 2010 | $0.038 |
| Nov 01, 2010 | $0.039 |
| Oct 01, 2010 | $0.038 |
| Sep 01, 2010 | $0.039 |
| Aug 02, 2010 | $0.040 |
| Jul 01, 2010 | $0.039 |
| Jun 01, 2010 | $0.040 |
| May 03, 2010 | $0.039 |
| Apr 01, 2010 | $0.040 |
| Mar 01, 2010 | $0.037 |
| Feb 01, 2010 | $0.041 |
| Jan 04, 2010 | $0.040 |
| Dec 01, 2009 | $0.039 |
| Nov 02, 2009 | $0.040 |
| Oct 01, 2009 | $0.039 |
| Sep 01, 2009 | $0.040 |
| Aug 03, 2009 | $0.041 |
| Jul 01, 2009 | $0.039 |
| Jun 01, 2009 | $0.041 |
| May 01, 2009 | $0.040 |
| Apr 01, 2009 | $0.041 |
| Mar 02, 2009 | $0.038 |
| Feb 02, 2009 | $0.042 |
| Jan 02, 2009 | $0.042 |
| Dec 01, 2008 | $0.040 |
| Nov 03, 2008 | $0.042 |
| Oct 01, 2008 | $0.041 |
| Sep 02, 2008 | $0.041 |
| Aug 01, 2008 | $0.041 |
| Jul 01, 2008 | $0.040 |
| Jun 02, 2008 | $0.042 |
| May 01, 2008 | $0.040 |
| Apr 01, 2008 | $0.042 |
| Mar 03, 2008 | $0.039 |
| Feb 01, 2008 | $0.042 |
| Jan 02, 2008 | $0.042 |
| Dec 03, 2007 | $0.041 |
| Nov 01, 2007 | $0.042 |
| Oct 01, 2007 | $0.041 |
| Sep 04, 2007 | $0.042 |
| Aug 01, 2007 | $0.042 |
| Jul 02, 2007 | $0.041 |
| Jun 01, 2007 | $0.042 |
| May 01, 2007 | $0.041 |
| Apr 02, 2007 | $0.042 |
| Mar 01, 2007 | $0.038 |
| Feb 01, 2007 | $0.042 |
| Jan 03, 2007 | $0.042 |
| Nov 01, 2006 | $0.042 |
| Oct 02, 2006 | $0.040 |
| Sep 01, 2006 | $0.042 |
| Aug 01, 2006 | $0.042 |
| Jul 03, 2006 | $0.041 |
| Jun 01, 2006 | $0.042 |
| May 01, 2006 | $0.040 |
| Apr 03, 2006 | $0.042 |
| Mar 01, 2006 | $0.038 |
| Feb 01, 2006 | $0.042 |
| Dec 01, 2005 | $0.040 |
| Nov 01, 2005 | $0.041 |
| Oct 03, 2005 | $0.040 |
| Sep 01, 2005 | $0.041 |
| Aug 01, 2005 | $0.042 |
| Jul 01, 2005 | $0.041 |
| Jun 01, 2005 | $0.042 |
| May 02, 2005 | $0.041 |
| Apr 01, 2005 | $0.042 |
| Mar 01, 2005 | $0.037 |
| Feb 01, 2005 | $0.042 |
| Jan 03, 2005 | $0.042 |
| Dec 01, 2004 | $0.041 |
| Nov 01, 2004 | $0.042 |
| Oct 01, 2004 | $0.041 |
| Sep 01, 2004 | $0.043 |
| Aug 02, 2004 | $0.042 |
| Jul 01, 2004 | $0.042 |
| Jun 01, 2004 | $0.043 |
| May 03, 2004 | $0.042 |
| Apr 01, 2004 | $0.043 |
| Mar 01, 2004 | $0.040 |
| Feb 02, 2004 | $0.043 |
| Jan 02, 2004 | $0.043 |
| Dec 01, 2003 | $0.042 |
| Nov 03, 2003 | $0.043 |
| Oct 01, 2003 | $0.042 |
| Sep 02, 2003 | $0.044 |
| Aug 01, 2003 | $0.044 |
| Jul 01, 2003 | $0.043 |
| Jun 02, 2003 | $0.043 |
| May 01, 2003 | $0.043 |
| Apr 01, 2003 | $0.045 |
| Mar 03, 2003 | $0.041 |
| Feb 03, 2003 | $0.046 |
| Jan 02, 2003 | $0.046 |
| Dec 02, 2002 | $0.045 |
| Nov 01, 2002 | $0.047 |
| Oct 01, 2002 | $0.045 |
| Sep 03, 2002 | $0.047 |
| Aug 01, 2002 | $0.048 |
| Jul 01, 2002 | $0.047 |
| Jun 03, 2002 | $0.048 |
| May 01, 2002 | $0.046 |
| Apr 01, 2002 | $0.048 |
| Mar 01, 2002 | $0.043 |
| Feb 01, 2002 | $0.049 |
| Jan 02, 2002 | $0.049 |
| Dec 03, 2001 | $0.047 |
| Nov 01, 2001 | $0.048 |
| Oct 01, 2001 | $0.047 |
| Sep 04, 2001 | $0.048 |
| Aug 01, 2001 | $0.049 |
| Jul 02, 2001 | $0.048 |
| Jun 01, 2001 | $0.049 |
| May 01, 2001 | $0.048 |
| Apr 02, 2001 | $0.050 |
| Mar 01, 2001 | $0.045 |
| Feb 01, 2001 | $0.049 |
| Jan 02, 2001 | $0.049 |
| Dec 01, 2000 | $0.048 |
| Nov 01, 2000 | $0.049 |
| Oct 02, 2000 | $0.048 |
| Sep 01, 2000 | $0.048 |
| Aug 01, 2000 | $0.048 |
| Jul 03, 2000 | $0.048 |
| Jun 01, 2000 | $0.051 |
| May 01, 2000 | $0.048 |
| Apr 03, 2000 | $0.050 |
| Mar 01, 2000 | $0.047 |
| Feb 01, 2000 | $0.050 |
| Jan 03, 2000 | $0.049 |
| Dec 01, 1999 | $0.048 |
| Nov 01, 1999 | $0.049 |
| Oct 01, 1999 | $0.047 |
| Sep 01, 1999 | $0.049 |
| Aug 02, 1999 | $0.049 |
| Jul 01, 1999 | $0.047 |
| Jun 01, 1999 | $0.049 |
| May 03, 1999 | $0.047 |
| Apr 01, 1999 | $0.048 |
| Mar 01, 1999 | $0.044 |
| Feb 01, 1999 | $0.049 |
| Jan 04, 1999 | $0.048 |
| Dec 01, 1998 | $0.047 |
| Nov 02, 1998 | $0.049 |
| Oct 01, 1998 | $0.049 |
| Sep 01, 1998 | $0.050 |
| Aug 03, 1998 | $0.049 |
| Jul 01, 1998 | $0.047 |
| Jun 01, 1998 | $0.049 |
| May 01, 1998 | $0.047 |
| Apr 01, 1998 | $0.048 |
| Mar 02, 1998 | $0.044 |
| Feb 02, 1998 | $0.049 |
| Dec 01, 1997 | $0.050 |
| Nov 03, 1997 | $0.058 |
| Oct 01, 1997 | $0.048 |
| Sep 02, 1997 | $0.049 |
| Aug 01, 1997 | $0.049 |
| Jul 01, 1997 | $0.048 |
| Jun 02, 1997 | $0.049 |
| Apr 01, 1997 | $0.050 |
| Mar 03, 1997 | $0.045 |
| Feb 03, 1997 | $0.052 |
| Jan 02, 1997 | $0.051 |
| Dec 02, 1996 | $0.049 |
| Nov 01, 1996 | $0.049 |
| Oct 01, 1996 | $0.047 |
| Sep 03, 1996 | $0.049 |
| Aug 01, 1996 | $0.049 |
| Jul 01, 1996 | $0.048 |
| Jun 03, 1996 | $0.051 |
| May 01, 1996 | $0.049 |
| Apr 01, 1996 | $0.050 |
| Mar 01, 1996 | $0.047 |
| Feb 01, 1996 | $0.051 |
| Jan 02, 1996 | $0.051 |
| Dec 01, 1995 | $0.050 |
| Nov 01, 1995 | $0.051 |
| Oct 02, 1995 | $0.050 |
| Sep 01, 1995 | $0.052 |
| Aug 01, 1995 | $0.051 |
| Jul 03, 1995 | $0.050 |
| Jun 01, 1995 | $0.052 |
| May 01, 1995 | $0.051 |
| Apr 03, 1995 | $0.053 |
| Mar 01, 1995 | $0.048 |
| Feb 01, 1995 | $0.054 |
| Jan 03, 1995 | $0.055 |
| Dec 01, 1994 | $0.053 |
| Nov 01, 1994 | $0.054 |
| Oct 03, 1994 | $0.054 |
| Sep 01, 1994 | $0.053 |
| Aug 01, 1994 | $0.053 |
| Jul 01, 1994 | $0.051 |
| Jun 01, 1994 | $0.051 |
| May 02, 1994 | $0.052 |
| Apr 04, 1994 | $0.051 |
| Mar 01, 1994 | $0.051 |
| Feb 01, 1994 | $0.052 |
| Jan 03, 1994 | $0.053 |
| Dec 01, 1993 | $0.053 |
| Nov 01, 1993 | $0.054 |
| Oct 01, 1993 | $0.055 |
| Sep 01, 1993 | $0.055 |
| Aug 02, 1993 | $0.055 |
| Jul 01, 1993 | $0.055 |
| Jun 01, 1993 | $0.055 |
| May 03, 1993 | $0.055 |
| Apr 01, 1993 | $0.053 |
| Mar 01, 1993 | $0.054 |
| Feb 01, 1993 | $0.057 |
| Jan 04, 1993 | $0.056 |
| Dec 01, 1992 | $0.025 |
| Nov 02, 1992 | $0.058 |
| Oct 01, 1992 | $0.059 |
| Sep 01, 1992 | $0.060 |
| Aug 03, 1992 | $0.059 |
VWAHX - Fund Manager Analysis
Managers
Mathew Kiselak
Start Date
Tenure
Tenure Rank
Jul 16, 2010
10.96
11.0%
Mathew M. Kiselak, Principal of Vanguard. He has worked in investment management since 1987, has managed investment portfolios since 1990, and has been with Vanguard since 2010. Education: B.S., Pace University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 36.27 | 7.11 | 0.66 |