VWITX – Vanguard Interm-Term Tx-Ex Inv Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a moderate and sustainable level of current income that is exempt from federal personal income taxes. Under normal circumstances, the fund 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. It invests at least 75% of its assets in municipal bonds in one of the top three credit rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor.

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
VWITX	Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	No Load	Open			Sep 1, 1977	$2.20B	0.170%	Low	$3,000	−$26.88M
VWIUX	Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares	Institutional	Open			Feb 12, 2001	$86.58B	0.090%	Low	$50,000	$7.36B

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