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Morningstar

Vanguard Ltd-Term Tx-Ex Adm VMLUX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.77  /  −0.08 %
  • Total Assets 29.5 Bil
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 2.52%
  • Effective Duration 2.65 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:48 PM GMT+0

Morningstar’s Analysis VMLUX

Will VMLUX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMLUX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VMLUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VMLUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong short-term muni offering.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Vanguard Limited-Term Tax-Exempt Bond continues to be one of the most compelling strategies for straightforward exposure to the shorter end of the municipal market.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings VMLUX

More VMLUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV

0.49 143.9 Mil
municipal

NUVEEN AMT-FREE MUN CR INCOME FD

0.43 127.7 Mil
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV

0.43 126.1 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV

0.43 125.5 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.38 111.9 Mil
municipal

NUVEEN INSD TAX-FREE ADVANTAGE MUN FD

0.38 110.7 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.36 105.4 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV

0.35 103.9 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.34 99.0 Mil
municipal

PUERTO RICO COMWLTH

0.33 98.3 Mil
municipal