Vanguard Short-Term Tax-Exempt Bond unites a careful investment process, well-structured team, and rock-bottom fees. Under our new ratings methodology, the strategy’s cheaper Admiral share class earns a Morningstar Analyst Rating upgrade to Gold from Silver, while its Investor shares retain a Silver.
Will VWSTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of VWSTX’s parent organization’s priorities and whether they’re in line with investors’ interests.