Vanguard High-Yield Tax-Exempt Fund (VWAHX)

Fund Assets	16.43B
Expense Ratio	0.167%
Min. Investment	$3,000
Turnover	37.00%
Dividend (ttm)	0.44
Dividend Yield	4.38%
Dividend Growth	5.47%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.00
YTD Return	-3.04%
1-Year Return	-1.95%
5-Year Return	2.12%
52-Week Low	9.87
52-Week High	10.81
Beta (5Y)	0.07
Holdings	3516
Inception Date	Dec 27, 1978

About VWAHX

This fund endeavors to deliver a significant and consistent stream of current income, free from federal personal income taxes. It predominantly allocates its assets (a minimum of 80%) to municipal bonds that are classified as investment-grade, either by recognized rating organizations or by the advisor's assessment. A smaller portion, up to 20% of its holdings, may be invested in bonds with a lower credit quality. Although there are no specific limits on the maturity of individual securities, the fund generally maintains a dollar-weighted average maturity ranging from 10 to 25 years. As a cost-effective municipal bond offering, it is particularly appealing to investors in higher tax brackets who are seeking federally tax-exempt earnings. The fund's potential for a higher yield, often linked to its exposure to lower credit quality bonds, means it carries an increased risk of price volatility due to the uncertain financial health of bond issuers. It is best suited for individuals who prioritize sustainable federally tax-exempt interest income, are willing to accept moderate risk to their principal, and wish to incorporate it as a supplementary component within an already diversified fixed income portfolio.

• Fund Family: Vanguard
• Category: Muni National Long
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VWAHX
• Share Class: Investor Shares
• Index: Bloomberg Municipal Bond TR

Performance

VWAHX had a total return of -1.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.53%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VWALX	Admiral Shares	0.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03775	Oct 1, 2026
Aug 31, 2026	$0.03669	Sep 1, 2026
Jul 31, 2026	$0.03665	Aug 3, 2026
Jun 30, 2026	$0.03667	Jul 1, 2026
May 29, 2026	$0.03663	Jun 1, 2026
Apr 30, 2026	$0.03704	May 1, 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:

Oct 15, 2026

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