Vanguard Long-Term Tax-Exempt Bond is managed by diligent leaders through a sensible and risk-conscious investment process and benefits from ultra-low fees. The strategy’s cheaper Admiral share class earns a Morningstar Analyst Rating of Gold while its Investor shares earn a Silver.
Vanguard Long-Term Tax-Exempt VWLTX
NAV / 1-Day Return
10.60
/
0.09
%
Total Assets
15.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.170%
Expense Ratio
0.170%
Fee Level
Low
Longest Manager Tenure
11.95
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
3,000
Status
Open
TTM Yield
2.75%
Effective Duration
5.50
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VWLTX outperform in 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 VWLTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VWLTX 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 VWLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
One of the best long-dated muni offerings.
