Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
| Fund Assets | 34.96B |
| Expense Ratio | 0.17% |
| Min. Investment | $3,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.08% |
| Dividend Growth | 6.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 10.97 |
| YTD Return | 1.01% |
| 1-Year Return | 4.06% |
| 5-Year Return | 10.75% |
| 52-Week Low | 10.87 |
| 52-Week High | 11.10 |
| Beta (5Y) | 0.11 |
| Holdings | 7408 |
| Inception Date | Aug 31, 1987 |
About VMLTX
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.
Performance
VMLTX had a total return of 4.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.28%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VMLUX | Admiral Shares | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.0282 | Jun 1, 2026 |
| Apr 30, 2026 | $0.02913 | May 1, 2026 |
| Mar 31, 2026 | $0.02788 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02829 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02731 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02836 | Jan 2, 2026 |