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Morningstar

Vanguard Long-Term Tax-Exempt VWLTX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.90  /  0.01 %
  • Total Assets 14.1 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.91%
  • Effective Duration 7.89 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:18 PM GMT+00:00

Morningstar’s Analysis VWLTX

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.

Associate Director

Summary

| by Elizabeth Foos

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.

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