# Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vwlux 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: Actively Managed · Inception: 2001-02-12 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 ass... ## Key Facts | Metric | Value | |---|---| | Price | $10.36 | | Expense Ratio | 0.09% | | Assets Under Management | $17.90B | | NAV | $10.39 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.01% | | Annual Distribution (TTM) | $0.42 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.02 – $11.01 | | Beta | 1.16 | ## Latest Distribution - Amount: $0.0354 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### 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 4.01%, 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. ### Does VWLUX pay a dividend? Yes, Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.01%. Full dividend history is on this page. ### How often does VWLUX pay dividends? Vanguard Long-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 VWLUX's next ex-dividend date? The most recently announced ex-dividend date for VWLUX 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 VWLUX'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 VWLUX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VWLUX'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 VWLUX cost more than a fund like VOO? VWLUX is actively managed (current expense ratio 0.09%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VWLUX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VWLUX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VWLUX (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/vwlux - Distribution history: https://www.dividenddata.com/funds/vwlux/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vwlux/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vwlux/expenses - Peer comparison: https://www.dividenddata.com/funds/vwlux/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.