
See exactly how VWAHX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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This fund endeavors to deliver a significant and consistent stream of current income, free from federal personal income taxes. It predominantly allocates its assets (a minimum of 80%) to municipal bonds that are classified as investment-grade, either by recognized rating organizations or by the advisor's assessment. A smaller portion, up to 20% of its holdings, may be invested in bonds with a lower credit quality. Although there are no specific limits on the maturity of individual securities, the fund generally maintains a dollar-weighted average maturity ranging from 10 to 25 years. As a…
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