VWITX: Vanguard Intermediate-Term Tax-Exempt Fund - MutualFunds.com

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Vanguard Interm-Term Tx-Ex Inv

VWITX - Snapshot

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $78.6 B
  • Holdings in Top 10 2.5%

52 WEEK LOW AND HIGH

$14.79
$13.31
$14.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare VWITX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.80

+0.07%

$78.56 B

-

$0.00

2.28%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.89

+0.07%

$18.20 B

-

-

2.53%

-

VWITX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Intermediate-Term Tax-Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Sep 01, 1977
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James D'Arcy

Fund Description

The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 6 to 12 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) or, if unrated, determined to be of comparable quality by the advisor.


VWITX - Performance

Return Ranking - Trailing

Period VWITX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.4% 307.0% 12.59%
1 Yr 3.7% -5.4% 5.8% 6.11%
3 Yr 3.8%* -0.6% 8.2% 22.47%
5 Yr 3.3%* -0.3% 6.9% 28.69%
10 Yr 3.6%* -0.1% 8.1% 38.41%

* Annualized

Return Ranking - Calendar

Period VWITX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -0.3% 15.4% 39.83%
2018 -1.6% -10.3% 97.2% 27.56%
2017 1.7% -100.0% 7.6% 42.60%
2016 -2.6% -7.9% 96.8% 40.40%
2015 -0.1% -4.8% 3.0% 37.50%

Total Return Ranking - Trailing

Period VWITX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.4% 307.0% 12.18%
1 Yr 3.7% -8.3% 5.8% 5.08%
3 Yr 3.8%* -2.5% 8.2% 19.59%
5 Yr 3.3%* -1.5% 6.9% 24.69%
10 Yr 3.6%* -0.4% 8.1% 33.94%

* Annualized

Total Return Ranking - Calendar

Period VWITX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -0.3% 15.4% 41.37%
2018 -1.6% -10.3% 11.0% 30.53%
2017 1.7% -100.0% 7.6% 48.52%
2016 -2.6% -7.9% 3.0% 45.27%
2015 -0.1% -4.8% 4.0% 43.71%

NAV & Total Return History


VWITX - Holdings

Concentration Analysis

VWITX Category Low Category High VWITX % Rank
Net Assets 78.6 B 611 K 78.6 B 0.11%
Number of Holdings 10805 1 10805 0.11%
Net Assets in Top 10 1.95 B -199 M 3.97 B 0.68%
Weighting of Top 10 2.53% 2.5% 100.0% 100.00%

Top 10 Holdings

  1. CMT MUNICIPAL RATE 0.86%
  2. CMT MUNICIPAL RATE 0.86%
  3. CMT MUNICIPAL RATE 0.86%
  4. CMT MUNICIPAL RATE 0.86%
  5. CMT MUNICIPAL RATE 0.86%
  6. CMT MUNICIPAL RATE 0.86%
  7. CMT MUNICIPAL RATE 0.86%
  8. CMT MUNICIPAL RATE 0.86%
  9. CMT MUNICIPAL RATE 0.86%
  10. CMT MUNICIPAL RATE 0.86%

Asset Allocation

Weighting Return Low Return High VWITX % Rank
Bonds
99.44% 0.00% 147.66% 40.34%
Cash
0.56% -47.66% 100.00% 55.92%
Stocks
0.00% 0.00% 1.80% 77.97%
Preferred Stocks
0.00% -0.98% 1.07% 76.16%
Other
0.00% -1.46% 12.83% 77.11%
Convertible Bonds
0.00% 0.00% 1.64% 76.61%

Bond Sector Breakdown

Weighting Return Low Return High VWITX % Rank
Municipal
99.43% 0.00% 100.00% 41.04%
Cash & Equivalents
0.57% 0.00% 100.00% 57.95%
Derivative
0.00% 0.00% 2.16% 76.44%
Securitized
0.00% 0.00% 6.06% 76.89%
Corporate
0.00% 0.00% 12.97% 79.09%
Government
0.00% 0.00% 49.72% 77.68%

Bond Geographic Breakdown

Weighting Return Low Return High VWITX % Rank
US
98.80% 0.00% 141.34% 27.51%
Non US
0.64% 0.00% 27.82% 54.62%

VWITX - Expenses

Operational Fees

VWITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.01% 4.23% 98.44%
Management Fee 0.15% 0.00% 1.10% 3.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VWITX 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

VWITX 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.

VWITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 233.00% 9.16%

VWITX - Distributions

Dividend Yield Analysis

VWITX Category Low Category High VWITX % Rank
Dividend Yield 0.00% 0.00% 3.55% 78.43%

Dividend Distribution Analysis

VWITX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VWITX Category Low Category High VWITX % Rank
Net Income Ratio 2.67% 0.00% 6.48% 37.59%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VWITX - Fund Manager Analysis

Managers

James D'Arcy


Start Date

Tenure

Tenure Rank

Jun 28, 2013

7.35

7.4%

James M. D’Arcy, CFA, Portfolio Manager at Vanguard. He has worked in investment management since 1996, has managed investment portfolios since 1999, has been with Vanguard since 2011. Prior to this, James D'Arcy is a director and senior portfolio manager for Columbia Management focusing on tax-exempt and crossover short duration accounts. In addition, he manages two short-term funds and various short-term separate accounts and is responsible for developing tax-exempt strategies for Columbia Management’s tax-exempt liquidity strategies group. Mr. D'Arcy joined Columbia Management in 1999 and has been a member of the investment community since 1996. Prior to joining Columbia Management, Mr. D'Arcy worked on the fixed-income trading desk at Wells Capital Management. Mr. D'Arcy received his B.A. in economics from the University of Colorado at Boulder. He holds the Chartered Financial Analyst designation. In addition, he is a member of the CFA North Carolina Society and the National Federation of Municipal Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84
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