VWAHX – Vanguard High-Yield Tax-Exempt Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high and sustainable level of current income that is exempt from federal personal income taxes. The fund invests in municipal bonds that the advisor believes will generate a high and sustainable level of current income. It invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities whose income is exempt from federal income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VWAHX	Vanguard High-Yield Tax-Exempt Fund	No Load	Open			Dec 27, 1978	$1.99B	0.170%	Low	$3,000	$178.28M
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	Institutional	Open			Nov 12, 2001	$15.46B	0.090%	Low	$50,000	$880.75M

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