Morningstar

Vanguard Massachusetts Tax-Exempt Fund Investor Shares VMATX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $9.74  /  +0.31 %
  • Fund Size $3.5B
  • Adjusted Expense Ratio 0.090%
  • Net Expense Ratio 0.100%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni Massachusetts
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 3.94%
  • Average Effective Duration 8.34 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VMATX

Will VMATX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Vanguard MA Tax-Exempt Inv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings VMATX

More VMATX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV

1.71 59M
municipal

MASSACHUSETTS ST DEV FIN AGY REV

1.42 49M
municipal

MASSACHUSETTS ST

1.17 40M
municipal

MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV

0.97 33M
municipal

MASSACHUSETTS ST DEV FIN AGY REV

0.93 32M
municipal

MASSACHUSETTS ST TRANSN FD REV

0.91 31M
municipal

MASSACHUSETTS ST DEV FIN AGY REV

0.91 31M
municipal

MASSACHUSETTS ST

0.82 28M
municipal

MASSACHUSETTS ST

0.81 28M
municipal

MASSACHUSETTS ST TRANSN FD REV

0.79 27M
municipal

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