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Trending ETFs

Vanguard Long-Term Tax-Exempt Fund

mutual fund
VWLTX
Payout Change
Pending
Price as of:
$10.88 -0.04 -0.37%
primary theme
Municipal Bond
share class
Investor (VWLTX) Admiral (VWLUX)
VWLTX (Mutual Fund)

Vanguard Long-Term Tax-Exempt Fund

Payout Change
Pending
Price as of:
$10.88 -0.04 -0.37%
primary theme
Municipal Bond
share class
Investor (VWLTX) Admiral (VWLUX)
VWLTX (Mutual Fund)

Vanguard Long-Term Tax-Exempt Fund

Payout Change
Pending
Price as of:
$10.88 -0.04 -0.37%
primary theme
Municipal Bond
share class
Investor (VWLTX) Admiral (VWLUX)

Name

As of 07/08/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Long-Term Tax-Exempt Fund

VWLTX | Fund

$10.88

$19.1 B

3.74%

$0.41

0.17%

Vitals

YTD Return

2.6%

1 yr return

7.7%

3 Yr Avg Return

4.2%

5 Yr Avg Return

0.8%

Net Assets

$19.1 B

Holdings in Top 10

7.1%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/08/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Long-Term Tax-Exempt Fund

VWLTX | Fund

$10.88

$19.1 B

3.74%

$0.41

0.17%

VWLTX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.57%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Long-Term Tax-Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mathew Kiselak

VWLTX - Performance

Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.8% 14.7% 22.01%
1 Yr 7.7% 1.7% 27.1% 16.60%
3 Yr 4.2%* 1.5% 21.4% 15.48%
5 Yr 0.8%* -3.6% 5.7% 36.05%
10 Yr 2.2%* 0.1% 250.2% 8.75%

* Annualized

Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
2025 0.1% -26.4% 12.1% 58.26%
2024 -1.5% -5.5% 34.9% 78.08%
2023 4.2% -1.4% 41.0% 9.03%
2022 -12.9% -39.7% 0.3% 70.09%
2021 -0.8% -5.6% 55.0% 68.81%

Total Return Ranking - Trailing

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.8% 14.7% 22.01%
1 Yr 7.7% 1.7% 27.1% 16.60%
3 Yr 4.2%* 1.5% 21.4% 15.48%
5 Yr 0.8%* -3.6% 5.7% 36.05%
10 Yr 2.2%* 0.1% 250.2% 8.75%

* Annualized

Total Return Ranking - Calendar

Period VWLTX Return Category Return Low Category Return High Rank in Category (%)
2025 4.1% -2.1% 17.0% 35.44%
2024 2.1% -1.8% 34.9% 55.18%
2023 7.8% 2.1% 41.0% 9.41%
2022 -10.3% -39.7% 1.1% 62.02%
2021 2.5% -4.8% 23761504.0% 30.27%

NAV & Total Return History

VWLTX - Holdings

Concentration Analysis

VWLTX Category Low Category High VWLTX % Rank
Net Assets 19.1 B 4.15 M 88.6 B 1.20%
Number of Holdings 4104 4 16181 1.95%
Net Assets in Top 10 1.34 B -317 M 4.4 B 1.13%
Weighting of Top 10 7.07% 1.2% 130.7% 91.13%

Top 10 Holdings

  1. Vanguard Municipal Cash Management Fund 4.76%
  2. RESTRUCTURED-SER A-2 0.35%
  3. CA CMNTY CHOICE-D 0.28%
  4. TRIBOROUGH BRIDGE-A-1 0.26%
  5. SALT RIVER PROJ-C 0.25%
  6. NYC TRANSIT FIN-F-1 0.25%
  7. CHICAGO BRD EDU-A 0.24%
  8. MASSACHUSETTS ST-A 0.24%
  9. TRIBOROUGH BRIDGE-A 0.22%
  10. BLACK BELT-SER-C 0.22%

Asset Allocation

Weighting Return Low Return High VWLTX % Rank
Bonds 		95.01% 0.00% 150.86% 86.86%
Cash 		4.98% -50.86% 40.77% 12.77%
Other 		0.01% -1.59% 51.23% 13.67%
Stocks 		0.00% 0.00% 100.20% 31.16%
Preferred Stocks 		0.00% 0.00% 0.07% 17.66%
Convertible Bonds 		0.00% 0.00% 0.93% 16.83%

Bond Sector Breakdown

Weighting Return Low Return High VWLTX % Rank
Municipal 		97.95% 44.39% 100.00% 54.57%
Cash & Equivalents 		4.76% 0.00% 40.26% 9.62%
Derivative 		0.01% -0.35% 48.45% 10.44%
Securitized 		0.00% 0.00% 5.93% 17.89%
Corporate 		0.00% 0.00% 9.41% 33.89%
Government 		0.00% 0.00% 52.02% 21.51%

Bond Geographic Breakdown

Weighting Return Low Return High VWLTX % Rank
US 		95.01% 0.00% 135.36% 85.57%
Non US 		0.00% 0.00% 23.89% 20.89%

VWLTX - Expenses

Operational Fees

VWLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.03% 3.74% 97.66%
Management Fee 0.16% 0.00% 1.20% 4.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.44% 24.19%

Sales Fees

VWLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

VWLTX 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.

VWLTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 283.00% 35.19%

VWLTX - Distributions

Dividend Yield Analysis

VWLTX Category Low Category High VWLTX % Rank
Dividend Yield 3.74% 0.00% 14.51% 24.62%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VWLTX Category Low Category High VWLTX % Rank
Net Income Ratio 2.57% -0.53% 5.32% 15.25%

Capital Gain Distribution Analysis

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

Distributions History

View More +

VWLTX - Fund Manager Analysis

Managers

Mathew Kiselak

Start Date

Tenure

Tenure Rank

Jul 16, 2010

11.88

11.9%

Mathew M. Kiselak, Principal of Vanguard. He has worked in investment management since 1987, has managed investment portfolios since 1990, and has been with Vanguard since 2010. Education: B.S., Pace University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58

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