VWLTX: Vanguard Long Term Tax Exempt Fund - MutualFunds.com

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Vanguard Long-Term Tax-Exempt

VWLTX - Snapshot

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $15.5 B
  • Holdings in Top 10 2.9%

52 WEEK LOW AND HIGH

$12.20
$10.81
$12.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

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

Compare VWLTX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.79

-0.07%

$78.56 B

-

$0.00

2.21%

-

Vanguard Limited Term Tax Exempt Fund

Fund

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

American Funds Tax Exempt Bond Fund®

Fund

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

Vanguard Short Term Tax Exempt Fund

Fund

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

iShares National Muni Bond ETF

MUB | ETF

$116.79

-0.08%

$18.20 B

-

-

2.55%

-

VWLTX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Long 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
    Mathew Kiselak

VWLTX - Performance

Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -6.7% 307.0% 8.24%
1 Yr 4.1% -5.4% 5.8% 2.91%
3 Yr 4.6%* -0.6% 8.2% 5.82%
5 Yr 4.3%* -0.3% 6.9% 6.76%
10 Yr 4.5%* -0.1% 8.1% 12.38%

* Annualized

Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -0.3% 15.4% 21.83%
2018 -2.6% -10.3% 97.2% 68.71%
2017 2.5% -100.0% 7.6% 19.64%
2016 -3.1% -7.9% 96.8% 68.55%
2015 0.1% -4.8% 3.0% 28.25%

Total Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -6.7% 307.0% 8.24%
1 Yr 4.1% -8.3% 5.8% 2.45%
3 Yr 4.6%* -2.5% 8.2% 5.35%
5 Yr 4.3%* -1.5% 6.9% 6.34%
10 Yr 4.5%* -0.4% 8.1% 11.73%

* Annualized

Total Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -0.3% 15.4% 22.12%
2018 -2.6% -10.3% 11.0% 70.66%
2017 2.5% -100.0% 7.6% 23.70%
2016 -3.1% -7.9% 3.0% 72.85%
2015 0.1% -4.8% 4.0% 33.88%

NAV & Total Return History

VWLTX - Holdings

Concentration Analysis

VWLTX Category Low Category High VWLTX % Rank
Net Assets 15.5 B 611 K 78.6 B 1.24%
Number of Holdings 2460 1 10805 1.91%
Net Assets in Top 10 434 M -199 M 3.97 B 7.32%
Weighting of Top 10 2.92% 2.5% 100.0% 99.43%

Top 10 Holdings

  1. NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 0.38%
  2. METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 0.38%
  3. TENNERGY CORP TENN GAS REV 0.34%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.32%
  5. UNIVERSITY CALIF REVS 0.28%
  6. TOBACCO SETTLEMENT FING CORP N J 0.27%
  7. MASSACHUSETTS ST 0.26%
  8. HOUSTON TEX UTIL SYS REV 0.24%
  9. ILLINOIS ST 0.24%
  10. CALIFORNIA HEALTH FACS FING AUTH REV 0.23%

Asset Allocation

Weighting Return Low Return High VWLTX % Rank
Bonds 		99.64% 0.00% 147.66% 35.12%
Cash 		0.36% -47.66% 100.00% 61.15%
Stocks 		0.00% 0.00% 1.80% 20.71%
Preferred Stocks 		0.00% -0.98% 1.07% 16.61%
Other 		0.00% -1.46% 12.83% 19.37%
Convertible Bonds 		0.00% 0.00% 1.64% 16.95%

Bond Sector Breakdown

Weighting Return Low Return High VWLTX % Rank
Municipal 		99.64% 0.00% 100.00% 34.46%
Cash & Equivalents 		0.36% 0.00% 100.00% 63.51%
Derivative 		0.00% 0.00% 2.16% 16.44%
Securitized 		0.00% 0.00% 6.06% 18.07%
Corporate 		0.00% 0.00% 12.97% 29.62%
Government 		0.00% 0.00% 49.72% 20.95%

Bond Geographic Breakdown

Weighting Return Low Return High VWLTX % Rank
US 		99.07% 0.00% 141.34% 23.82%
Non US 		0.57% 0.00% 27.62% 55.74%

VWLTX - Expenses

Operational Fees

VWLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.01% 4.23% 98.39%
Management Fee 0.15% 0.00% 1.10% 3.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VWLTX 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

VWLTX 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.

VWLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 235.00% 37.36%

VWLTX - Distributions

Dividend Yield Analysis

VWLTX Category Low Category High VWLTX % Rank
Dividend Yield 0.00% 0.00% 3.55% 21.65%

Dividend Distribution Analysis

VWLTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

VWLTX Category Low Category High VWLTX % Rank
Net Income Ratio 3.25% 0.00% 6.48% 11.13%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VWLTX - Fund Manager Analysis

Managers

Mathew Kiselak

Start Date

Tenure

Tenure Rank

Jul 16, 2010

10.3

10.3%

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
0.02 35.61 7.61 2.84

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