- What does VWLUX invest in?
- This fund aims to deliver a substantial and consistent stream of income that is not subject to federal personal income tax. While there are no limitations on the maturity of individual securities, the portfolio is anticipated to maintain a dollar-weighted average maturity ranging from 10 to 25 years. A minimum of 75% of the fund's assets will be invested in municipal bonds possessing top-tier credit quality, as determined by a recognized statistical rating organization or, if unrated, deemed comparable by the advisor. Up to 20% of the portfolio may be allocated to medium-grade bonds, as assessed by a rating agency or the advisor. The remaining 5% can include securities with lower credit assessments or those considered of similar quality by the advisor if unrated. This offering is suitable for investors seeking federal tax-exempt income who are comfortable with interest rate fluctuations. It is important to note that the Vanguard Long-Term Tax-Exempt Fund operates as a standalone product, distinct from the Vanguard Long-Term Tax-Exempt Bond ETF (VTEL). Variations in asset size, investment strategies (such as active management versus index tracking), specific operational processes, and underlying holdings are expected to result in different performance outcomes between the two.
- What is the expense ratio of VWLUX?
- Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.
- What is VWLUX's dividend yield?
- VWLUX's trailing-twelve-month yield is 3.87%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of VWLUX?
- Effective duration measures VWLUX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VWLUX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of VWLUX?
- VWLUX'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 VWLUX?
- Yield to maturity (YTM) is the total return you'd earn from VWLUX if every bond in the portfolio is held to maturity at the current price. VWLUX'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.
