Vanguard High-Yield Tax-Exempt Adm (VWALX)

Fund Assets	16.43B
Expense Ratio	0.094%
Min. Investment	$50,000
Turnover	37.00%
Dividend (ttm)	0.45
Dividend Yield	4.47%
Dividend Growth	5.37%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.00
YTD Return	-2.98%
1-Year Return	-1.87%
5-Year Return	2.53%
52-Week Low	9.87
52-Week High	10.81
Beta (5Y)	0.33
Holdings	3516
Inception Date	Nov 12, 2001

About VWALX

This fund's primary objective is to generate a significant and consistent flow of income that is entirely free from federal personal income. It commits at least 80% of its holdings to high-quality municipal bonds, which are either rated as investment-grade by established organizations or considered of similar caliber by the advisor. Up to 20% of the fund's assets may be allocated to municipal bonds with lower credit quality, as assessed by a rating agency or the advisor. While individual security maturities are not limited, the portfolio is expected to maintain an average dollar-weighted maturity between 10 and 25 years. This cost-effective municipal bond offering is especially appealing to individuals in higher tax brackets seeking substantial federally tax-exempt earnings. The inclusion of lower-rated bonds, while potentially boosting the yield, also increases the fund's susceptibility to price volatility due to less certain prospects for the bond issuers. Consequently, it is an appropriate choice for investors who prioritize sustainable federally tax-free interest income, can tolerate moderate risk to their principal, and wish to complement an already diversified fixed-income portfolio.

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

Performance

VWALX had a total return of -1.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.94%.

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
Sep 30, 2026	$0.03843	Oct 1, 2026
Aug 31, 2026	$0.03741	Sep 1, 2026
Jul 31, 2026	$0.03737	Aug 3, 2026
Jun 30, 2026	$0.03737	Jul 1, 2026
May 29, 2026	$0.0373	Jun 1, 2026
Apr 30, 2026	$0.03774	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

Data Sources Report a data error