# Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vwiux for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Municipal Bond - Strategy: Thematic · Inception: 2001-02-12 The Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares aims to deliver a steady and moderate level of current income, which is exempt from federal personal income taxes. While the fund has no restrictions on the maturity of individual securities, its dollar-weighted average maturity is typically maintained between 6 and 12 years. The portfolio primarily consists of high-quality municipal bonds: at least 75% must be rated among the top three categories by a recognized credit agency, or deemed of comparable quality by the advisor if unrated. Up to 20% of its assets may be invested in m... ## Key Facts | Metric | Value | |---|---| | Price | $13.30 | | Expense Ratio | 0.09% | | Assets Under Management | $83.50B | | NAV | $13.30 | | Holdings Count | 14949 | | Distribution Yield (TTM) | 3.50% | | Annual Distribution (TTM) | $0.47 /share | | Distribution Frequency | Monthly | | 52-Week Range | $12.90 – $14.03 | | Beta | 0.83 | ## Latest Distribution - Amount: $0.0401 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does VWIUX invest in? The Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares aims to deliver a steady and moderate level of current income, which is exempt from federal personal income taxes. While the fund has no restrictions on the maturity of individual securities, its dollar-weighted average maturity is typically maintained between 6 and 12 years. The portfolio primarily consists of high-quality municipal bonds: at least 75% must be rated among the top three categories by a recognized credit agency, or deemed of comparable quality by the advisor if unrated. Up to 20% of its assets may be invested in medium-grade bonds, as determined by a rating organization or the advisor. A small portion, specifically the remaining 5%, can be allocated to securities with lower credit ratings or those assessed as equivalent by the advisor if unrated. A key risk to consider is that changes in interest rates can impact the fund; rising rates may lead to a decrease in bond prices, while falling rates could eventually reduce the fund's income. This fund may appeal to investors seeking federal tax-exempt interest income who are comfortable with moderate fluctuations in both price and income. It's crucial to understand that the Vanguard Intermediate-Term Tax-Exempt Fund is a standalone product, separate and distinct from the Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI). Variations in their scale, investment processes, and underlying holdings mean their investment returns are expected to differ. ### What is the expense ratio of VWIUX? Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VWIUX's dividend yield? VWIUX's trailing-twelve-month yield is 3.50%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VWIUX? Effective duration measures VWIUX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VWIUX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VWIUX? VWIUX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VWIUX? Yield to maturity (YTM) is the total return you'd earn from VWIUX if every bond in the portfolio is held to maturity at the current price. VWIUX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VWIUX pay a dividend? Yes, Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.50%. Full dividend history is on this page. ### How often does VWIUX pay dividends? Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VWIUX's next ex-dividend date? The most recently announced ex-dividend date for VWIUX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VWIUX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.09% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VWIUX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VWIUX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VWIUX cost more than a fund like VOO? VWIUX's strategy (current expense ratio 0.09%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VWIUX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VWIUX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VWIUX (0.09%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vwiux - Distribution history: https://www.dividenddata.com/funds/vwiux/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vwiux/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vwiux/expenses - Peer comparison: https://www.dividenddata.com/funds/vwiux/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.