VWSTX – Vanguard Ultra Short-Term Tx-Ex Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income that is exempt from federal personal income taxes, with limited price volatility. The fund employs an active management approach, investing mainly in state and local municipal bonds. Under normal circumstances, it 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. The fund typically invests at least 75% of its assets in municipal bonds.

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
VWSTX	Vanguard Ultra Short-Term Tax-Exempt Fund	No Load	Open			Sep 1, 1977	$660.87M	0.170%	Low	$3,000	$73.00M
VWSUX	Vanguard Ultra Short-Term Tax-Exempt Fund Class Admiral	Institutional	Open			Feb 12, 2001	$17.85B	0.090%	Low	$50,000	$1.58B

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