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Vanguard Limited-Term Tax-Exempt Fund Investor Sha...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9229077048

CUSIP

922907704

Issuer

Vanguard

Inception Date

Aug 31, 1987

Min. Investment

$3,000

Asset Class

Bond

Expense Ratio

VMLTX has an expense ratio of 0.17%, which is considered low compared to other funds.


Expense ratio chart for VMLTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
VMLTX vs. VWSTX VMLTX vs. VTEB VMLTX vs. VWAHX VMLTX vs. VWIUX VMLTX vs. CCSTX VMLTX vs. DFCMX
Popular comparisons:
VMLTX vs. VWSTX VMLTX vs. VTEB VMLTX vs. VWAHX VMLTX vs. VWIUX VMLTX vs. CCSTX VMLTX vs. DFCMX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Limited-Term Tax-Exempt Fund Investor Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


500.00%1,000.00%1,500.00%2,000.00%JulyAugustSeptemberOctoberNovemberDecember
273.38%
1,765.96%
VMLTX (Vanguard Limited-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

Returns By Period

Vanguard Limited-Term Tax-Exempt Fund Investor Shares had a return of 2.29% year-to-date (YTD) and 2.61% in the last 12 months. Over the past 10 years, Vanguard Limited-Term Tax-Exempt Fund Investor Shares had an annualized return of 1.61%, while the S&P 500 had an annualized return of 11.11%, indicating that Vanguard Limited-Term Tax-Exempt Fund Investor Shares did not perform as well as the benchmark.


VMLTX

YTD

2.29%

1M

-0.22%

6M

1.81%

1Y

2.61%

5Y*

1.45%

10Y*

1.61%

^GSPC (Benchmark)

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

Monthly Returns

The table below presents the monthly returns of VMLTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.06%0.22%0.04%-0.32%-0.05%0.79%0.79%0.89%0.61%-0.58%0.71%2.29%
20231.48%-1.29%1.31%-0.19%-0.47%0.57%0.19%-0.18%-1.01%0.02%2.50%1.24%4.19%
2022-1.35%-0.25%-1.45%-1.09%0.96%-0.24%1.15%-1.06%-1.63%-0.22%1.99%0.26%-2.97%
20210.29%-0.50%0.20%0.28%0.11%0.02%0.36%-0.09%-0.35%-0.09%0.18%0.00%0.42%
20200.78%0.40%-1.72%-0.22%1.89%0.58%0.77%0.04%0.13%-0.14%0.48%0.29%3.31%
20190.63%0.33%0.53%0.16%0.62%0.43%0.53%0.42%-0.39%0.24%0.15%0.24%3.96%
2018-0.13%-0.05%-0.04%-0.13%0.52%0.33%0.25%0.07%-0.30%-0.11%0.62%0.54%1.57%
20170.59%0.49%0.04%0.40%0.58%-0.24%0.49%0.49%-0.33%-0.05%-0.78%0.33%2.02%
20160.67%0.21%-0.23%0.31%-0.14%0.67%0.22%-0.05%-0.23%-0.15%-1.70%0.31%-0.14%
20150.85%-0.42%-0.05%-0.05%-0.24%0.13%0.31%0.04%0.40%0.30%-0.06%0.13%1.33%
20140.60%0.49%-0.50%0.32%0.42%-0.05%0.14%0.32%-0.05%0.22%0.04%-0.13%1.81%
20130.14%0.30%-0.04%0.22%-0.30%-0.86%0.23%-0.31%0.59%0.60%-0.05%-0.05%0.49%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 83, VMLTX is among the top 17% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VMLTX is 8383
Overall Rank
The Sharpe Ratio Rank of VMLTX is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of VMLTX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of VMLTX is 9090
Omega Ratio Rank
The Calmar Ratio Rank of VMLTX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of VMLTX is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for VMLTX, currently valued at 1.58, compared to the broader market-1.000.001.002.003.004.001.582.07
The chart of Sortino ratio for VMLTX, currently valued at 2.41, compared to the broader market-2.000.002.004.006.008.0010.002.412.76
The chart of Omega ratio for VMLTX, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.391.39
The chart of Calmar ratio for VMLTX, currently valued at 2.59, compared to the broader market0.002.004.006.008.0010.0012.0014.002.593.05
The chart of Martin ratio for VMLTX, currently valued at 7.19, compared to the broader market0.0020.0040.0060.007.1913.27
VMLTX
^GSPC

The current Vanguard Limited-Term Tax-Exempt Fund Investor Shares Sharpe ratio is 1.58. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard Limited-Term Tax-Exempt Fund Investor Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50JulyAugustSeptemberOctoberNovemberDecember
1.58
2.07
VMLTX (Vanguard Limited-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Limited-Term Tax-Exempt Fund Investor Shares provided a 2.76% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.


1.20%1.40%1.60%1.80%2.00%2.20%$0.00$0.05$0.10$0.15$0.20$0.2520132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.30$0.25$0.17$0.14$0.18$0.21$0.20$0.17$0.17$0.17$0.18$0.18

Dividend yield

2.76%2.30%1.57%1.23%1.63%1.87%1.82%1.55%1.53%1.51%1.61%1.67%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Limited-Term Tax-Exempt Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.28
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.17
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.14
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.18
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21
2018$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.17
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.17
2015$0.01$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.17
2014$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.02$0.18
2013$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.18

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.91%
-1.91%
VMLTX (Vanguard Limited-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Limited-Term Tax-Exempt Fund Investor Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Limited-Term Tax-Exempt Fund Investor Shares was 6.41%, occurring on Mar 20, 2020. Recovery took 70 trading sessions.

The current Vanguard Limited-Term Tax-Exempt Fund Investor Shares drawdown is 0.91%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-6.41%Mar 10, 20209Mar 20, 202070Jun 30, 202079
-5.68%Aug 6, 2021308Oct 25, 2022284Dec 14, 2023592
-3.22%Sep 12, 200825Oct 16, 200855Jan 6, 200980
-2.58%Mar 12, 200444May 13, 2004113Oct 25, 2004157
-2.52%Feb 3, 199442Apr 5, 1994208Jan 31, 1995250

Volatility

Volatility Chart

The current Vanguard Limited-Term Tax-Exempt Fund Investor Shares volatility is 0.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.63%
3.82%
VMLTX (Vanguard Limited-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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