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Morningstar

Vanguard Long-Term Tax-Exempt VWLTX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.59  /  0.39 %
  • Total Assets 14.9 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.35%
  • Effective Duration 7.78 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis VWLTX

Will VWLTX outperform in 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 VWLTX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VWLTX 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 VWLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Management Addition at Vanguard Long-Term Tax-Exempt; Ratings Unchanged

null Elizabeth Foos

Elizabeth Foos

Analyst Note

Vanguard announced portfolio manager changes for several of its active and index municipal strategies on Oct. 3.

by Elizabeth Foos
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VWLTX

More VWLTX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 3496
  • Other Holdings 2
  • % Assets in Top 10 Holdings 2.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municmt 0 12/31/2049

2.12
313,169,619
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.35
51,453,115
municipal

NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV

0.33
48,092,522
municipal

UNIVERSITY MASS BLDG AUTH PROJ REV

0.29
42,805,833
municipal

TENNERGY CORP TENN GAS REV

0.28
41,321,038
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV

0.26
38,239,663
municipal

HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV

0.24
34,820,998
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.22
33,152,235
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.22
32,626,630
municipal

UNIVERSITY OREGON GEN REV

0.22
32,026,431
municipal