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.


1 month+0.31% 3 years+1.84%
3 months+0.57% 5 years+2.20%
1 year+2.27% Since inception+4.41%
Data through --

Peer Comparisonvs. Muni national short

Performance 5-yr return+2.20%+1.72%
Expense ratio0.20%0.73%
Risk 5 year sharpe ratio1.401.43
Net assets$19.7B$2.1B
Average market cap----
Average P/E----
Portfolio turnover14%14%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureMarlin Brown / 6 Years
Minimal initial investment$3,000.00
Minimum IRA investment--


Fixed income90.90%
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
-- New York St Twy Auth 5%0.62%
-- Chicago Ill Brd Ed Ctfs0.44%
-- Pittsburgh & Allegheny Cnty Pa Var0.40%
-- Texas Mun Gas Acquisition & Su Sr 5.625%0.31%
-- Tobacco Settlement Fing Corp N Asset Bkd0.31%
-- Michigan Fin Auth 5%0.30%
-- Foothill / Eastern Transn Corr Ref Re 5%0.29%
-- Texas Transn Commn St Hwy Fd R First Tie0.29%
-- Illinois St Go Ref Bd 5%0.28%

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