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Morningstar

Vanguard PA Long-Term Tax-Exempt Inv VPAIX

Morningstar Analyst Rating
Quantitative rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.83  /  0.17 %
  • Total Assets 3.6 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration 7.41 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis VPAIX

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

People Pillar

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

Summary

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

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