Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX)
| Fund Assets | 3.97B |
| Expense Ratio | 0.14% |
| Min. Investment | $3,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.65% |
| Dividend Growth | 4.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.88 |
| YTD Return | 2.32% |
| 1-Year Return | 8.03% |
| 5-Year Return | 6.21% |
| 52-Week Low | 10.30 |
| 52-Week High | 10.98 |
| Beta (5Y) | 0.30 |
| Holdings | 1287 |
| Inception Date | Apr 7, 1986 |
About VPAIX
This fund aims to generate income that is exempt from both federal and Pennsylvania personal income taxes, making it exclusively suitable for residents of Pennsylvania. Its investment strategy focuses primarily on high-quality municipal bonds issued by Pennsylvania state and local governments, alongside regional government and public financing authorities. Typically, at least 80% of the fund's assets will be allocated to securities whose income is free from both federal and Pennsylvania state taxes. Although there are no specific limitations on the maturity of individual securities held, the fund's dollar-weighted average maturity is expected to range from 10 to 25 years. With an average duration of approximately 6–10 years, the fund's share price is considerably more reactive to fluctuations in interest rates compared to funds with shorter-term bond holdings. Therefore, it may be an appropriate choice for Pennsylvania investors who desire tax-exempt interest income and are prepared to accept the associated interest rate volatility.
Performance
VPAIX had a total return of 8.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.53%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VPALX | Admiral Shares | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03341 | Jul 1, 2026 |
| May 29, 2026 | $0.03323 | Jun 1, 2026 |
| Apr 30, 2026 | $0.03381 | May 1, 2026 |
| Mar 31, 2026 | $0.03321 | Apr 1, 2026 |
| Feb 27, 2026 | $0.03339 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03244 | Feb 2, 2026 |