Morningstar

Vanguard Ultra Short-Term Tax-Exempt Fund VWSTX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VWSTX

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

  • People Pillar

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

A topnotch short-term muni offering with lower interest rate sensitivity in its category.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard Ultra Short-Term Tax-Exempt combines experienced leadership with a disciplined approach that stands out and has delivered strong risk-adjusted results versus muni-national short Morningstar Category peers over the long haul.

by Ken Noguchi
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