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Morningstar

Vanguard Long-Term Tax-Exempt VWLTX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.79  /  −0.08 %
  • Total Assets 17.5 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 6.80 years

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

Morningstar’s Analysis VWLTX

Will VWLTX 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 VWLTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VWLTX 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 VWLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy remains one of the best long-term muni options for investors.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

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

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings VWLTX

More VWLTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municmt 0 12/31/2049

4.15 682.5 Mil
Cash and Equivalents

DENTON TEX INDPT SCH DIST

0.41 67.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.33 53.9 Mil
municipal

NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV

0.30 48.9 Mil
municipal

UNIVERSITY MASS BLDG AUTH PROJ REV

0.27 45.0 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV

0.27 44.4 Mil
municipal

TENNERGY CORP TENN GAS REV

0.25 41.6 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.25 40.7 Mil
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV

0.25 40.6 Mil
municipal

VIRGINIA ST HSG DEV AUTH COMWLTH MTG

0.24 40.0 Mil
municipal