Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Vanguard Limited-Term Tax-Exempt Fund (VMLTX)

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national short
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks current income that is exempt from federal personal income taxes- with limited price volatility. 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.


1 month+0.05% 3 years+0.88%
3 months-0.59% 5 years+1.05%
1 year+1.38% Since inception+4.04%
Data through --

Peer Comparisonvs. Muni national short

Performance 5-yr return+1.05%+0.80%
Expense ratio0.19%0.67%
Risk 5 year sharpe ratio0.540.34
Net assets$24.5B$1.9B
Average market cap--$4.1B
Average P/E--20.8
Portfolio turnover19%19%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureAdam Ferguson / 0 Years
Minimal initial investment$3,000.00
Minimum IRA investment--


Fixed income96.76%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.63%
-- 1.41%
-- 0.40%
-- 0.37%
-- 0.35%
-- 0.35%
-- 0.32%
-- 0.31%
-- 0.30%
-- 0.28%