Vanguard Long-Term Tax-Exempt (VWLTX) a Zacks Ranked #2 (Buy) seeks income exempt from federal tax. VWLTX invests primarily in high-quality municipal securities with an average maturity of 12 to 25 years. VWLTX pursues a higher level of income than that provided by comparable funds. Dividends are distributed monthly and capital gains, if any, are distributed in December.
The Vanguard Long-Term Tax-Exempt fund, managed by Vanguard Group, carries an expense ratio of 0.20. Moreover, VWLTX requires a minimal initial investment of $3,000.
VWLTX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.42%, 3 year 3.65%, and 5 year 4.91%. To see how this fund performed compared in its category, please click here.
VWLTX’s performance, as of the last filing, when compared to funds in its category was in the top 30% in 1 year, top 22% over the past 3 years, and in the 27% over the past 5 years.
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