Vanguard Limited-Term Tax-Exempt Fund (VMLTX)

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national short
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor.


1 month+0.06% 3 years+2.10%
3 months+0.58% 5 years+2.40%
1 year+0.84% Since inception+4.45%
Data through --

Peer Comparisonvs. Muni national short

Performance 5-yr return+2.40%+2.26%
Expense ratio0.20%0.73%
Risk 5 year sharpe ratio1.601.61
Net assets$18.5B$2.1B
Average market cap----
Average P/E----
Portfolio turnover14%14%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureMarlin Brown / 6 Years
Minimal initial investment$3,000.00
Minimum IRA investment--


Fixed income89.18%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Grand Parkway Transn Corp Tex Toll 2%1.21%
-- New York St Twy Auth 5%0.50%
-- Chicago Ill Brd Ed Ctfs0.48%
-- Pittsburgh & Allegheny Cnty Pa Var0.39%
-- Texas Mun Gas Acquisition & Su Sr 5.625%0.34%
-- Michigan Fin Auth 5%0.33%
-- Univ Tex Perm Univ Fd Var Rate0.32%
-- Shelby Cnty Tenn Health Edl & Var Rev B0.32%
-- Metropolitan Transn Auth 5%0.31%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.