VMATX – Vanguard MA Tax-Exempt Inv Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income that is exempt from both federal and Massachusetts personal income taxes. As a matter of fundamental policy, under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities whose income is exempt from federal and Massachusetts state taxes. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VMATX	Vanguard Massachusetts Tax-Exempt Fund Investor Shares	No Load	Open			Dec 9, 1998	$3.73B	0.090%	Low	$3,000	$547.44M

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