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Vanguard High-Yield Tax-Exempt Adm VWALX

Analyst rating as of
  • NAV / 1-Day Return 10.62  /  0.10 %
  • Total Assets 14.1 Bil
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 3.44%
  • Effective Duration 8.19 years

Morningstar’s Analysis VWALX

Will VWALX outperform in future?

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

One of the best more-adventurous longer-dated muni offerings.

Associate Director

Summary

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Vanguard High-Yield Tax-Exempt Bond is relatively conservative compared with 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-conscious investment process and benefits from ultralow fees; its Admiral share class earns a Morningstar Analyst Rating of Gold, while the Investor share class is rated Silver.

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