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Trending ETFs

Vanguard Limited Term Tax Exempt Fund

mutual fund
VMLTX
Dividend policy
Suspended
Price as of:
$11.26 +0.0 +0%
primary theme
Municipal Bond
VMLTX (Mutual Fund)

Vanguard Limited Term Tax Exempt Fund

Dividend policy
Suspended
Price as of:
$11.26 +0.0 +0%
primary theme
Municipal Bond
VMLTX (Mutual Fund)
Vanguard Limited Term Tax Exempt Fund
Dividend policy
Suspended
Price as of:
$11.26 +0.0 +0%
primary theme
Municipal Bond
share class

VMLTX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $33.3 B
  • Holdings in Top 10 4.0%

52 WEEK LOW AND HIGH

$11.26
$10.51
$11.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Compare VMLTX to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$14.85

+0.07%

$81.84 B

-

$0.00

blocked
blocked
blocked

-0.07%

-

$11.26

0.00%

$33.32 B

-

$0.00

blocked
blocked
blocked

0.00%

-

$13.62

+0.07%

$24.55 B

-

$0.00

blocked
blocked
blocked

0.00%

-

$15.95

0.00%

$20.79 B

-

$0.00

blocked
blocked
blocked

0.00%

-

$12.33

-0.08%

$18.15 B

-

$0.00

blocked
blocked
blocked

-0.24%

-

Compare VMLTX to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$55.07

0.00%

$11.00 B

1.99%

$1.10

blocked
blocked
blocked

-0.22%

-

$49.74

0.00%

$4.39 B

1.16%

$0.58

blocked
blocked
blocked

-0.10%

-

$52.24

-0.13%

$3.36 B

1.92%

$1.00

blocked
blocked
blocked

-0.48%

-

$33.35

-0.03%

$2.34 B

2.97%

$0.99

blocked
blocked
blocked

-0.45%

-

$56.74

-0.04%

$1.86 B

2.18%

$1.24

blocked
blocked
blocked

0.02%

-

VMLTX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Limited Term Tax Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Aug 31, 1987
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Ferguson

Fund Description

The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.


VMLTX - Performance

Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.9% 1.0% 34.33%
1 Yr 3.3% -1.0% 10.1% 78.46%
3 Yr 2.9%* -0.4% 9.8% 82.87%
5 Yr 2.1%* -0.3% 7.8% 86.40%
10 Yr 2.0%* -0.1% 10.2% 91.24%

* Annualized

Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.90%
2019 2.0% -0.3% 15.4% 89.32%
2018 -0.3% -10.3% 97.2% 8.76%
2017 0.5% -100.0% 7.6% 82.21%
2016 -1.6% -7.9% 96.8% 11.53%

Total Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.9% 1.0% 34.33%
1 Yr 3.3% -5.0% 10.1% 52.02%
3 Yr 2.9%* -2.4% 9.8% 66.22%
5 Yr 2.1%* -1.4% 7.8% 80.73%
10 Yr 2.0%* -0.1% 10.2% 91.24%

* Annualized

Total Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.90%
2019 2.0% -0.3% 15.4% 89.38%
2018 -0.3% -10.3% 11.0% 12.89%
2017 0.5% -100.0% 7.6% 83.53%
2016 -1.6% -7.9% 3.0% 15.56%

NAV & Total Return History


VMLTX - Holdings

Concentration Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Assets 33.3 B 582 K 81.8 B 0.17%
Number of Holdings 7213 3 10805 0.17%
Net Assets in Top 10 1.27 B -199 M 4.13 B 0.73%
Weighting of Top 10 4.01% 2.5% 100.0% 98.98%

Top 10 Holdings

  1. Cmt Municipal Rate 1.30%
  2. Cmt Municipal Rate 1.30%
  3. Cmt Municipal Rate 1.30%
  4. Cmt Municipal Rate 1.30%
  5. Cmt Municipal Rate 1.30%
  6. Cmt Municipal Rate 1.30%
  7. Cmt Municipal Rate 1.30%
  8. Cmt Municipal Rate 1.30%
  9. Cmt Municipal Rate 1.30%
  10. Cmt Municipal Rate 1.30%

Asset Allocation

Weighting Return Low Return High VMLTX % Rank
Bonds
97.44% 15.80% 147.66% 69.28%
Cash
2.56% -47.66% 84.20% 29.33%
Stocks
0.00% 0.00% 1.92% 40.76%
Preferred Stocks
0.00% -0.96% 1.04% 37.79%
Other
0.00% -13.14% 12.83% 39.76%
Convertible Bonds
0.00% 0.00% 1.50% 38.41%

Bond Sector Breakdown

Weighting Return Low Return High VMLTX % Rank
Municipal
97.42% 15.02% 100.00% 67.40%
Cash & Equivalents
2.58% 0.00% 84.20% 29.10%
Derivative
0.00% 0.00% 0.85% 38.13%
Securitized
0.00% 0.00% 6.51% 39.42%
Corporate
0.00% 0.00% 15.75% 47.43%
Government
0.00% 0.00% 84.56% 41.96%

Bond Geographic Breakdown

Weighting Return Low Return High VMLTX % Rank
US
96.87% 15.80% 141.34% 51.61%
Non US
0.57% 0.00% 28.07% 54.71%

VMLTX - Expenses

Operational Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.01% 16.95% 98.10%
Management Fee 0.15% 0.00% 1.10% 3.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VMLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 299.40% 71.67%

VMLTX - Distributions

Dividend Yield Analysis

VMLTX Category Low Category High VMLTX % Rank
Dividend Yield 0.00% 0.00% 3.00% 41.54%

Dividend Distribution Analysis

VMLTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Income Ratio 1.69% -1.65% 6.48% 81.94%

Capital Gain Distribution Analysis

VMLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

VMLTX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

May 10, 2017

3.65

3.7%

Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.93 0.16