Morningstar

Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares VPAIX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.12  /  0.00
  • Total Assets 3.9B
  • Adj. Expense Ratio
    0.140%
  • Expense Ratio 0.150%
  • 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 3.98%
  • Effective Duration 7.80 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis VPAIX

Will VPAIX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Vanguard PA Long-Term Tax-Exempt Inv holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings VPAIX

More VPAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV

0.73 30M
municipal

GEISINGER AUTH PA HEALTH SYS REV

0.70 28M
municipal

PENNSYLVANIA ST

0.68 28M
municipal

PENNSYLVANIA ST

0.65 26M
municipal

PENNSYLVANIA ST

0.65 26M
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV

0.63 25M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV

0.59 24M
municipal

PENNSYLVANIA ST UNIV

0.55 22M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV

0.50 20M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV

0.50 20M
municipal

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