- What are the top holdings of VWALX?
- Vanguard High-Yield Tax-Exempt Fund Admiral Shares holds 3395 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does VWALX have?
- VWALX holds 3395 positions as reported by the fund's most recent disclosure.
- What sectors does VWALX invest in?
- Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is VWALX most exposed to?
- VWALX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is VWALX a US-only fund?
- The country allocation card on this page shows VWALX'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 VWALX invest in?
- This fund's primary objective is to generate a significant and consistent flow of income that is entirely free from federal personal income. It commits at least 80% of its holdings to high-quality municipal bonds, which are either rated as investment-grade by established organizations or considered of similar caliber by the advisor. Up to 20% of the fund's assets may be allocated to municipal bonds with lower credit quality, as assessed by a rating agency or the advisor. While individual security maturities are not limited, the portfolio is expected to maintain an average dollar-weighted maturity between 10 and 25 years. This cost-effective municipal bond offering is especially appealing to individuals in higher tax brackets seeking substantial federally tax-exempt earnings. The inclusion of lower-rated bonds, while potentially boosting the yield, also increases the fund's susceptibility to price volatility due to less certain prospects for the bond issuers. Consequently, it is an appropriate choice for investors who prioritize sustainable federally tax-free interest income, can tolerate moderate risk to their principal, and wish to complement an already diversified fixed-income portfolio.
