Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX)
Vanguard Limited-Term Tax-Exempt Fund Investor Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $10.94, up 0.09% on the session, giving a market capitalisation of $35.52B. Its beta of 0.38 implies it has historically moved less than the broad market.
This economical municipal bond fund is designed to provide revenue that is free from federal income taxes, making it particularly appealing to individuals in higher tax brackets. It primarily holds high-grade municipal debt with shorter maturities, maintaining an average duration, or interest rate sensitivity, of approximately two years, which is slightly longer than its Short-Term Tax-Exempt counterpart. A key risk involves interest rate movements; both increases and decreases in rates could lead to a decline in bond valuations or a future reduction in the fund's income. This fund is ideal for investors seeking a moderate level of federally tax-exempt earnings who are comfortable with some variability in their income stream and share price.
Vanguard Limited-Term Tax-Exempt Fund Investor Shares is most often compared with the following Financial Services names: