Morningstar

Vanguard Ultra Short-Term Tax-Exempt Fund VWSTX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $15.77  /  +0.19 %
  • Fund Size $18.5B
  • Adjusted Expense Ratio 0.170%
  • Net Expense Ratio 0.170%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 3.05%
  • Average Effective Duration 1.35 yrs
NAV and 1-Day Return as of

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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Portfolio Holdings VWSTX

More VWSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municipal Low Dur Fund

1.57 288M
Cash and Equivalents

NUVEEN AMT-FREE QUALITY MUN INCOME FD

1.19 219M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

1.09 199M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV

1.01 185M
municipal

PHILADELPHIA PA SCH DIST

0.81 149M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV

0.66 121M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.66 121M
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV

0.64 118M
municipal

NUVEEN AMT-FREE QUALITY MUN INCOME FD

0.60 111M
municipal

NUVEEN AMT-FREE MUN CR INCOME FD

0.57 104M
municipal

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