Vanguard Massachusetts Tax-Exempt Fund Investor Shares (VMATX)

Fund Assets	3.71B
Expense Ratio	0.09%
Min. Investment	$3,000
Turnover	44.00%
Dividend (ttm)	0.37
Dividend Yield	3.73%
Dividend Growth	4.81%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.95
YTD Return	0.24%
1-Year Return	5.64%
5-Year Return	3.34%
52-Week Low	9.77
52-Week High	10.31
Beta (5Y)	0.32
Holdings	1054
Inception Date	Dec 9, 1998

About VMATX

The primary aim of this fund is to generate a substantial amount of current income, free from both federal and Massachusetts personal income taxes. Exclusively available to Massachusetts residents, it principally allocates its investments to high-quality municipal bonds issued by state and local governments within Massachusetts, along with regional and public financing authorities. Under normal operating conditions, a minimum of 80% of the fund's holdings will consist of securities that provide income exempt from federal and Massachusetts state taxes. Although there are no specific limitations on the maturities of individual bonds, the portfolio's dollar-weighted average maturity typically ranges from 10 to 25 years. With an average duration of roughly 6 to 10 years, its net asset value is considerably more responsive to changes in interest rates compared to bond funds with shorter durations. This makes it a suitable option for Massachusetts-based investors who desire income free from federal and state taxes and are comfortable assuming the associated interest rate risk.

• Fund Family: Vanguard
• Category: Muni Massachusetts
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: VMATX
• Share Class: Investor Shares
• Index: Bloomberg Muni Bond Mass Exempt TR USD

Performance

VMATX had a total return of 5.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.76%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03153	Aug 3, 2026
Jun 30, 2026	$0.03156	Jul 1, 2026
May 29, 2026	$0.03091	Jun 1, 2026
Apr 30, 2026	$0.03132	May 1, 2026
Mar 31, 2026	$0.03055	Apr 1, 2026
Feb 27, 2026	$0.0308	Mar 2, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error