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Morningstar

Vanguard High-Yield Tax-Exempt VWAHX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VWAHX

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

  • People Pillar

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

Compelling.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Vanguard High Yield Tax-Exempt Bond continues to be one of the most compelling candidates for straightforward exposure with slightly more credit risk to the long end of the municipal market.

by Elizabeth Foos
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