Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX)
| Fund Assets | 17.60B |
| Expense Ratio | 0.09% |
| Min. Investment | $50,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.13% |
| Dividend Growth | 6.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 10.70 |
| YTD Return | 2.32% |
| 1-Year Return | 8.74% |
| 5-Year Return | 7.73% |
| 52-Week Low | 10.15 |
| 52-Week High | 10.81 |
| Beta (5Y) | 0.32 |
| Holdings | 3370 |
| 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.
Performance
VWALX had a total return of 8.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.23%.
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 |
|---|---|---|
| May 29, 2026 | $0.0373 | Jun 1, 2026 |
| 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 |