Morningstar

Vanguard Long-Term Tax-Exempt Fund Admiral Shares VWLUX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.16  /  −0.10 %
  • Total Assets 19.0B
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 4.11%
  • Effective Duration 8.30 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis VWLUX

Will VWLUX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWLUX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VWLUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VWLUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A topnotch long-term muni offering.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard Long-Term Tax-Exempt Fund combines experienced leadership with a disciplined approach that stands out and delivers consistently strong results versus muni national long Morningstar Category peers.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VWLUX

More VWLUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Municipal Low Dur Fund

4.00 764M
Cash and Equivalents

PUERTO RICO SALES TAX FING CORP SALES TAX REV

0.32 61M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.28 53M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.27 52M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV

0.25 48M
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV

0.24 47M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV

0.24 46M
municipal

CHICAGO ILL BRD ED

0.23 44M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV

0.21 41M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.21 40M
municipal

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