Vanguard Ltd-Term Tx-Ex Adm (VMLUX)

Fund Assets	35.35B
Expense Ratio	0.09%
Min. Investment	$50,000
Turnover	36.00%
Dividend (ttm)	0.35
Dividend Yield	3.19%
Dividend Growth	6.07%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.92
YTD Return	1.21%
1-Year Return	2.84%
5-Year Return	11.20%
52-Week Low	10.88
52-Week High	11.10
Beta (5Y)	0.03
Holdings	7377
Inception Date	Feb 12, 2001

About VMLUX

This cost-efficient municipal bond fund is designed to deliver income that is not subject to federal taxation, often making it an attractive option for investors in higher income tax brackets. It primarily invests in high-quality municipal bonds with relatively short maturities, exhibiting an average interest rate sensitivity (duration) of approximately two years, which is somewhat longer than its Short-Term Tax-Exempt Fund counterpart. A key risk involves interest rate fluctuations; both increases and decreases in rates could lead to a reduction in bond prices or eventually diminish the income the fund provides. Individuals desiring a modest, federally tax-exempt income stream who are also prepared to accept some variability in their income and the fund's share price may find this investment suitable.

• Fund Family: Vanguard
• Category: Muni National Short
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VMLUX
• Share Class: Admiral Shares
• Index: Bloomberg 1-5 Y Municipal Bond TR

Performance

VMLUX had a total return of 2.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.41%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VMLTX	Investor Shares	0.17%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02928	Aug 3, 2026
Jun 30, 2026	$0.02938	Jul 1, 2026
May 29, 2026	$0.0289	Jun 1, 2026
Apr 30, 2026	$0.02985	May 1, 2026
Mar 31, 2026	$0.02864	Apr 1, 2026
Feb 27, 2026	$0.02897	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 26, 2026

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