Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX)
Vanguard Long-Term Tax-Exempt Fund Admiral Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $10.75, up 0.09% on the session, giving a market capitalisation of $19.57B. On trailing twelve-month figures it carries a trailing P/E of 24.43, a net margin of 78.4%. Its beta of 1.16 implies it has historically moved more than the broad market.
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.
Vanguard Long-Term Tax-Exempt Fund Admiral Shares is most often compared with the following Financial Services names: