Vanguard Ultra Short-Term Tax-Exempt Fund (VWSTX)

Fund Assets	18.23B
Expense Ratio	0.167%
Min. Investment	$3,000
Turnover	n/a
Dividend (ttm)	0.48
Dividend Yield	3.01%
Dividend Growth	-3.76%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 30, 2026

Previous Close	15.81
YTD Return	2.13%
1-Year Return	2.73%
5-Year Return	14.03%
52-Week Low	15.61
52-Week High	15.95
Beta (5Y)	0.05
Holdings	3717
Inception Date	Sep 1, 1977

About VWSTX

The primary objective of this fund is to generate ongoing income that is exempt from federal personal income taxes, while striving for limited fluctuations in its share price. A substantial portion, specifically at least 75%, of the fund's holdings consists of high-quality municipal bonds. These are defined as securities within the top three credit-rating tiers from nationally recognized statistical rating organizations, or those deemed of comparable quality by the advisor if unrated. Up to 20% of the portfolio may be allocated to medium-grade quality bonds, as determined by either a rating agency or the advisor. The final 5% can be invested in securities with lower credit ratings or those assessed by the advisor as having similar quality, even without a formal rating. This fund offers the potential for a higher yield than a typical money market fund, primarily because it invests in longer-maturity securities. However, this increased yield potential is accompanied by a correspondingly greater level of risk. Changes in interest rates can affect the fund: declining rates may lead to reduced income for its short-term bond holdings, while rising rates could exert downward pressure on the fund's share price. This offering may appeal to investors who desire a modest, federally tax-exempt income stream and are comfortable with some degree of income and share price volatility.

• Fund Family: Vanguard
• Category: US Municipal Bonds
• Stock Exchange: Nasdaq
• Ticker Symbol: VWSTX
• Share Class: Investor Shares
• Index: Bloomberg Municipal Bond 1 Y TR

Performance

VWSTX had a total return of 2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FMNFX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd A	0.46%
FMNGX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd I	0.24%
FMNHX	Fidelity	Fidelity Advisor Cnsv Inc Muni Bd Z	0.21%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VWSUX	Admiral Shares	0.09%

Top 10 Holdings

8.81% of assets

Name	Symbol	Weight
Municipal Low Dur Fund	n/a	1.57%
NUVEEN AMT-FREE QUALITY MUN INCOME FD	OT.NEAGEN 06.01.2040	1.19%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV	CA.CCEDEV 05.01.2054	1.09%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV	KY.KYSPWR 06.01.2055	1.01%
PHILADELPHIA PA SCH DIST	PA.PHISCD 5 06.30.2027	0.81%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV	CA.CASGEN 5 10.01.2028	0.66%
MAIN STR NAT GAS INC GA GAS SUPPLY REV	GA.MAIUTL 05.01.2052	0.66%
MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV	MN.MGAUTL 12.01.2052	0.64%
NUVEEN AMT-FREE QUALITY MUN INCOME FD	OT.NEAGEN 03.01.2029	0.60%
NUVEEN AMT-FREE MUN CR INCOME FD	OT.NVGGEN 12.01.2031	0.57%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 30, 2026	$0.04154	Nov 2, 2026
Sep 30, 2026	$0.04033	Oct 1, 2026
Aug 31, 2026	$0.03905	Sep 1, 2026
Jul 31, 2026	$0.03923	Aug 3, 2026
Jun 30, 2026	$0.03964	Jul 1, 2026
May 29, 2026	$0.03889	Jun 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:

Nov 6, 2026

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