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Trending ETFs

Vanguard Limited Term Tax Exempt Fund

mutual fund
VMLTX
Dividend policy
Suspended
Price as of:
$11.24 +0.01 +0%
primary theme
Municipal Bond
VMLTX (Mutual Fund)

Vanguard Limited Term Tax Exempt Fund

Dividend policy
Suspended
Price as of:
$11.24 +0.01 +0%
primary theme
Municipal Bond
VMLTX (Mutual Fund)
Vanguard Limited Term Tax Exempt Fund
Dividend policy
Suspended
Price as of:
$11.24 +0.01 +0%
primary theme
Municipal Bond

VMLTX - Snapshot

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $35.5 B
  • Holdings in Top 10 4.0%

52 WEEK LOW AND HIGH

$11.23
$10.93
$11.29

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*

$14.78

0.00%

$83.62 B

-

$0.00

blocked
blocked
blocked

-0.54%

0.17%

$11.24

+0.09%

$35.51 B

-

$0.00

blocked
blocked
blocked

-0.18%

0.17%

$13.60

0.00%

$25.53 B

-

$0.00

blocked
blocked
blocked

-0.15%

0.52%

$15.94

0.00%

$22.11 B

-

$0.00

blocked
blocked
blocked

-0.06%

0.17%

$12.27

+0.08%

$18.39 B

-

$0.00

blocked
blocked
blocked

-0.73%

0.17%

Compare VMLTX to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$54.82

+0.07%

$12.31 B

1.91%

$1.05

blocked
blocked
blocked

-0.67%

0.06%

$49.59

-0.02%

$4.62 B

1.07%

$0.53

blocked
blocked
blocked

-0.40%

0.20%

$51.81

0.00%

$3.50 B

1.89%

$0.98

blocked
blocked
blocked

-1.30%

0.30%

$56.72

+0.11%

$1.99 B

2.15%

$1.22

blocked
blocked
blocked

-0.02%

0.65%

-

-

$1.77 B

-

$0.00

blocked
blocked
blocked

-1.21%

0.24%

VMLTX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 2.0%
  • 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 -0.2% -2.2% 4.7% 37.64%
1 Yr 3.9% -1.3% 19.0% 72.62%
3 Yr 3.0%* 0.3% 9.0% 85.38%
5 Yr 2.0%* -0.4% 7.6% 82.90%
10 Yr 1.9%* -0.1% 10.3% 91.14%

* Annualized

Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.85%
2019 2.0% -0.3% 15.4% 89.22%
2018 -0.3% -10.3% 97.2% 8.83%
2017 0.5% -100.0% 7.6% 82.12%
2016 -1.6% -7.9% 96.8% 11.49%

Total Return Ranking - Trailing

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.2% 4.7% 37.64%
1 Yr 3.9% -4.3% 19.0% 53.55%
3 Yr 3.0%* -1.6% 9.0% 71.46%
5 Yr 2.0%* -1.6% 7.6% 73.67%
10 Yr 1.9%* -0.1% 10.3% 91.01%

* Annualized

Total Return Ranking - Calendar

Period VMLTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 50.85%
2019 2.0% -0.3% 15.4% 89.28%
2018 -0.3% -10.3% 11.0% 12.93%
2017 0.5% -100.0% 7.6% 83.45%
2016 -1.6% -7.9% 3.0% 15.49%

NAV & Total Return History


VMLTX - Holdings

Concentration Analysis

VMLTX Category Low Category High VMLTX % Rank
Net Assets 35.5 B 957 K 83.6 B 0.17%
Number of Holdings 7519 3 11152 0.23%
Net Assets in Top 10 1.28 B -192 M 4.1 B 0.79%
Weighting of Top 10 3.97% 2.4% 100.0% 98.92%

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
97.41% 49.32% 147.73% 62.73%
Cash
2.59% -47.72% 50.68% 35.70%
Stocks
0.00% 0.00% 2.34% 50.65%
Preferred Stocks
0.00% -0.93% 0.17% 48.24%
Other
0.00% -13.58% 13.72% 50.34%
Convertible Bonds
0.00% -0.42% 1.33% 48.24%

Bond Sector Breakdown

Weighting Return Low Return High VMLTX % Rank
Municipal
97.41% 47.54% 100.00% 61.69%
Cash & Equivalents
2.59% 0.00% 50.68% 36.44%
Derivative
0.00% 0.00% 0.85% 48.18%
Securitized
0.00% 0.00% 6.51% 49.15%
Corporate
0.00% 0.00% 15.75% 56.30%
Government
0.00% 0.00% 50.11% 52.38%

Bond Geographic Breakdown

Weighting Return Low Return High VMLTX % Rank
US
96.81% 49.32% 141.36% 47.73%
Non US
0.60% 0.00% 24.81% 60.90%

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% 98.21%
Management Fee 0.15% 0.00% 1.10% 3.57%
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% 1.00% 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% 72.48%

VMLTX - Distributions

Dividend Yield Analysis

VMLTX Category Low Category High VMLTX % Rank
Dividend Yield 0.00% 0.00% 1.81% 51.58%

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% 5.71% 79.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VMLTX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

May 10, 2017

3.89

3.9%

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
0.04 36.02 6.99 0.41