Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX)
| Fund Assets | 17.34B |
| Expense Ratio | 0.09% |
| Min. Investment | $50,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.17% |
| Dividend Growth | 6.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 10.55 |
| YTD Return | 0.53% |
| 1-Year Return | 6.28% |
| 5-Year Return | 6.99% |
| 52-Week Low | 10.15 |
| 52-Week High | 10.81 |
| Beta (5Y) | 0.33 |
| Holdings | 3426 |
| Inception Date | Nov 12, 2001 |
About VWALX
The fund’s investment objective is to seek to provide a high and sustainable level of current income that is exempt from federal personal income taxes. The fund invests at least 80% of its assets in investment-grade municipal bonds, as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The fund may invest up to 20% of its assets in less-than-investment-grade bonds, as determined by a rating organization or by the advisor. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. This low-cost municipal bond fund seeks to provide a high level of federally tax-exempt income and typically appeals to investors in higher tax brackets. The fund’s lower credit quality may provide a higher yield, but it makes the fund more susceptible to price volatility due to uncertain prospects for the bond issuers. Investors who are looking for a fund that may provide sustainable federally tax-exempt interest income and can tolerate moderate risk to principal may wish to consider this fund as a complement to an already diversified fixed income portfolio.
Performance
VWALX had a total return of 6.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.16%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VWAHX | Investor Shares | 0.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03774 | May 1, 2026 |
| Mar 31, 2026 | $0.0371 | Apr 1, 2026 |
| Feb 27, 2026 | $0.03688 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03616 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03684 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03704 | Dec 1, 2025 |