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Vanguard High-Yield Tax-Exempt VWAHX

Analyst rating as of
NAV / 1-Day Return
10.40  /  0.31 %
Total Assets
16.3 Bil
Adj. Expense Ratio
0.170%
Expense Ratio
0.170%
Fee Level
Low
Longest Manager Tenure
11.85 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
3,000
Status
Open
TTM Yield
3.13%
Effective Duration
5.64 years
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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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