Vanguard Long-Term Tax-Exempt Fund Admiral Shares

Frequently Asked Questions About VWLUX

What are the top holdings of VWLUX?

A machine-readable holdings disclosure for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does VWLUX invest in?

Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is VWLUX most exposed to?

VWLUX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is VWLUX a US-only fund?

The country allocation card on this page shows VWLUX'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 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.