Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.21

+0.09 (0.89%)

Oct 15, 2026, 4:00 PM EST

Fund Assets	3.73B
Expense Ratio	0.146%
Min. Investment	$3,000
Turnover	25.00%
Dividend (ttm)	0.40
Dividend Yield	3.92%
Dividend Growth	4.29%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.12
YTD Return	-3.04%
1-Year Return	-1.60%
5-Year Return	1.63%
52-Week Low	9.96
52-Week High	10.98
Beta (5Y)	0.32
Holdings	1338
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.

Fund Family Vanguard

Category Muni Pennsylvania

Performance Rating Above Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol VPAIX

Share Class Investor Shares

Index Bloomberg Muni Bond Pennsylvania TR USD

Performance

VPAIX had a total return of -1.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.36%.

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
Sep 30, 2026	$0.03413	Oct 1, 2026
Aug 31, 2026	$0.03335	Sep 1, 2026
Jul 31, 2026	$0.03346	Aug 3, 2026
Jun 30, 2026	$0.03341	Jul 1, 2026
May 29, 2026	$0.03323	Jun 1, 2026
Apr 30, 2026	$0.03381	May 1, 2026

Full Dividend History