Morningstar

Vanguard Limited-Term Tax-Exempt Fund Admiral Shares VMLUX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.77  /  0.00
  • Fund Size $35.0B
  • Adjusted Expense Ratio 0.090%
  • Net Expense Ratio 0.090%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $50,000
  • Investment Status Open
  • TTM Yield 3.28%
  • Average Effective Duration 2.75 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VMLUX

Will VMLUX outperform in the 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 topnotch short-term muni offering.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard Limited-Term Tax-Exempt combines experienced leadership with a disciplined approach that stands out and delivers consistently strong results versus muni-national short Morningstar Category peers.

by Ken Noguchi
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 3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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1.39 478M
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0.69 239M
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SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV

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NUVEEN AMT-FREE MUN CR INCOME FD

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TENNESSEE ENERGY ACQUISITION CORP GAS REV

0.33 113M
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BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.32 112M
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NUVEEN AMT-FREE QUALITY MUN INCOME FD

0.32 111M
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MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.31 108M
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ALLEGHENY CNTY PA HOSP DEV AUTH REV

0.30 103M
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