Vanguard Limited-Term Tax-Exempt Fund Admiral Shares

Frequently Asked Questions About VMLUX

What are the top holdings of VMLUX?

Vanguard Limited-Term Tax-Exempt Fund Admiral Shares holds 7185 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does VMLUX have?

VMLUX holds 7185 positions as reported by the fund's most recent disclosure.

What sectors does VMLUX invest in?

Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is VMLUX most exposed to?

VMLUX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is VMLUX a US-only fund?

The country allocation card on this page shows VMLUX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does VMLUX invest in?

This cost-efficient municipal bond fund is designed to deliver income that is not subject to federal taxation, often making it an attractive option for investors in higher income tax brackets. It primarily invests in high-quality municipal bonds with relatively short maturities, exhibiting an average interest rate sensitivity (duration) of approximately two years, which is somewhat longer than its Short-Term Tax-Exempt Fund counterpart. A key risk involves interest rate fluctuations; both increases and decreases in rates could lead to a reduction in bond prices or eventually diminish the income the fund provides. Individuals desiring a modest, federally tax-exempt income stream who are also prepared to accept some variability in their income and the fund's share price may find this investment suitable.