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Vanguard High-Yield Tax-Exempt Adm VWALX

Analyst rating as of
NAV / 1-Day Return
12.05  /  0.01 %
Total Assets
17.3 Bil
Adj. Expense Ratio
0.090%
Expense Ratio
0.090%
Fee Level
Low
Longest Manager Tenure
10.81 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
50,000
Status
Open
TTM Yield
3.06%
Effective Duration
6.00 years
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Morningstar’s Analysis

Will VWALX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A compelling if adventurous muni offering.

Associate Analyst

Summary

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Vanguard High-Yield Tax-Exempt Bond is relatively conservative compared to other muni strategies sporting the high-yield label, so much so that it lands in the muni national long Morningstar Category rather than the high-yield muni category. The strategy is managed by diligent leaders through a sensible and risk-aware investment process and sports an ultra-low price tag; its Admiral share class earns a Morningstar Analyst Rating of Gold while the investor share class earns a Silver.

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