Morningstar

Vanguard Limited-Term Tax-Exempt Fund VMLTX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$10.90  /  0.00
  • Fund Size$35.1B
  • Adjusted Expense Ratio0.170%
  • Net Expense Ratio0.170%
  • Fee Level: DistributionLow
  • Share Class TypeNo Load
  • Morningstar CategoryMuni National Short
  • Fixed-Income Style Box (Funds)Medium/Limited
  • Minimum Initial Investment$3,000
  • Investment StatusOpen
  • TTM Yield3.16%
  • Average Effective Duration2.75 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VMLTX

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

  • People Pillar

    The People Pillar is our evaluation of the VMLTX 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 VMLTX’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 VMLTX

More VMLTX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
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