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Vanguard High-Yield Tax-Exempt VWAHX

Analyst rating as of

Morningstar’s Analysis

Will VWAHX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

One of the best more-adventurous longer-dated muni offerings.

Associate Director

Summary

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Vanguard High-Yield Tax-Exempt Bond is relatively conservative compared with other muni strategies sporting the high-yield label, so much so that it lands in the muni national long Morningstar Category rather than the high-yield muni category. The strategy is managed by diligent leaders through a sensible and risk-conscious investment process and benefits from ultralow fees; its Admiral share class earns a Morningstar Analyst Rating of Gold, while the Investor share class is rated Silver.

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