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Morningstar

Vanguard MA Tax-Exempt Inv VMATX

Morningstar Analyst Rating
Quantitative rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.18  /  0.28 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    0.130%
  • Expense Ratio 0.130%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.65%
  • Effective Duration 7.42 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis VMATX

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

People Pillar

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

Summary

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Vanguard MA Tax-Exempt Inv’s strong process and parent firm underpin this strategy's Morningstar Quantitative Rating of Gold. The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

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