Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Fund Assets	19.03B
Expense Ratio	0.17%
Min. Investment	$3,000
Turnover	35.00%
Dividend (ttm)	0.41
Dividend Yield	4.04%
Dividend Growth	5.42%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.05
YTD Return	-4.61%
1-Year Return	-3.19%
5-Year Return	-0.55%
52-Week Low	10.02
52-Week High	11.01
Beta (5Y)	0.32
Holdings	4334
Inception Date	Sep 1, 1977

About VWLTX

The fund's main objective is to provide a high and steady flow of current income that is not subject to federal personal income taxes. Although there are no specific limits on the maturity of individual securities within the portfolio, it is structured to maintain a value-weighted average maturity typically ranging from 10 to 25 years. A substantial portion, at least 75%, of the fund's investments are in municipal bonds that are highly rated—meaning they fall into the top three credit-rating tiers from nationally recognized agencies, or are judged to be of equivalent quality by the fund's advisor if unrated. Up to 20% of the assets may be allocated to medium-grade bonds, as determined by a rating agency or the advisor. The final 5% can be invested in securities with lower credit ratings or those assessed as comparable by the advisor. This fund is ideal for investors who are looking for income that is exempt from federal taxes and who are comfortable with potential interest rate risks. It's important to note that the Vanguard Long-Term Tax-Exempt Fund is a standalone product, separate from the Vanguard Long-Term Tax-Exempt Bond ETF (VTEL). Disparities in their size, portfolio management approaches (e.g., active versus index tracking), specific investment methodologies, and the mix of their underlying holdings mean these two offerings are anticipated to deliver different investment returns.

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

Performance

VWLTX had a total return of -3.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.09%.

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	0.50%
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
VWLUX	Admiral Shares	0.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03473	Oct 1, 2026
Aug 31, 2026	$0.03428	Sep 1, 2026
Jul 31, 2026	$0.03402	Aug 3, 2026
Jun 30, 2026	$0.03393	Jul 1, 2026
May 29, 2026	$0.0338	Jun 1, 2026
Apr 30, 2026	$0.03421	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 9, 2026

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