- What are the top holdings of VPAIX?
- Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares holds 1139 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does VPAIX have?
- VPAIX holds 1139 positions as reported by the fund's most recent disclosure.
- What sectors does VPAIX invest in?
- Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is VPAIX most exposed to?
- VPAIX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is VPAIX a US-only fund?
- The country allocation card on this page shows VPAIX'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 VPAIX invest in?
- This fund aims to generate income that is exempt from both federal and Pennsylvania personal income taxes, making it exclusively suitable for residents of Pennsylvania. Its investment strategy focuses primarily on high-quality municipal bonds issued by Pennsylvania state and local governments, alongside regional government and public financing authorities. Typically, at least 80% of the fund's assets will be allocated to securities whose income is free from both federal and Pennsylvania state taxes. Although there are no specific limitations on the maturity of individual securities held, the fund's dollar-weighted average maturity is expected to range from 10 to 25 years. With an average duration of approximately 6–10 years, the fund's share price is considerably more reactive to fluctuations in interest rates compared to funds with shorter-term bond holdings. Therefore, it may be an appropriate choice for Pennsylvania investors who desire tax-exempt interest income and are prepared to accept the associated interest rate volatility.
