Morningstar

Vanguard High-Yield Tax-Exempt Fund VWAHX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $10.20  /  +0.29 %
  • Fund Size $16.4B
  • Adjusted Expense Ratio 0.170%
  • Net Expense Ratio 0.170%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni National Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 4.40%
  • Average Effective Duration 8.58 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VWAHX

Will VWAHX 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 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.

A topnotch approach to long-dated munis with added credit risks.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard High-Yield Tax-Exempt combines experienced leadership with a disciplined approach that stands out and delivers consistently strong results versus muni national-long Morningstar Category peers.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VWAHX

More VWAHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municipal Low Dur Fund

4.05 660M
Cash and Equivalents

PUERTO RICO SALES TAX FING CORP SALES TAX REV

0.55 89M
municipal

PUBLIC FIN AUTH WIS TOLL REV

0.49 80M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH

0.45 74M
municipal

PUBLIC FIN AUTH WIS TOLL REV

0.37 60M
municipal

LOUISIANA PUB FACS AUTH REV

0.31 51M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV

0.31 51M
municipal

JEFFERSON CNTY ALA SWR REV

0.31 50M
municipal

LOWER ALA GAS DIST GAS PROJ REV

0.30 50M
municipal

CHICAGO ILL BRD ED

0.30 49M
municipal

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