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Morningstar

Vanguard PA Long-Term Tax-Exempt Adm VPALX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.70  /  +0.01 %
  • Total Assets 3.6 Bil
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 3.41%
  • Effective Duration 6.77 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis VPALX

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

  • People Pillar

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

A sound investment process and strong management team underpin Vanguard PA Long-Term Tax-Exempt Adm's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VPALX

More VPALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV

1.10 39.2 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS

0.81 28.8 Mil
municipal

GEISINGER AUTH PA HEALTH SYS REV

0.77 27.6 Mil
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV

0.73 25.9 Mil
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV

0.69 24.6 Mil
municipal

LANCASTER CNTY PA HOSP AUTH REV

0.65 23.0 Mil
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV

0.62 22.1 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV

0.52 18.4 Mil
municipal

PHILADELPHIA PA WTR & WASTEWTR REV

0.52 18.4 Mil
municipal

MONTGOMERY CNTY PA INDL DEV AUTH EXEMPT FACS REV

0.51 18.1 Mil
municipal