Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX)
Fund Info
US9229077048
922907704
Aug 31, 1987
$3,000
Expense Ratio
VMLTX has an expense ratio of 0.17%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) returned 0.99% year-to-date (YTD) and 4.09% over the past 12 months. Over the past 10 years, VMLTX returned 1.76% annually, underperforming the S&P 500 benchmark at 10.85%.
VMLTX
0.99%
0.28%
0.59%
4.09%
2.67%
1.54%
1.76%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.52% | 0.71% | -0.30% | -0.20% | 0.28% | 0.99% | |||||||
| 2024 | -0.06% | 0.22% | 0.04% | -0.32% | -0.05% | 0.80% | 0.79% | 0.88% | 0.61% | -0.58% | 0.70% | -0.40% | 2.64% |
| 2023 | 1.48% | -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% | -0.26% | -1.45% | -1.09% | 0.96% | -0.24% | 1.15% | -1.06% | -1.63% | -0.22% | 1.98% | 0.26% | -2.98% |
| 2021 | 0.71% | -0.50% | 0.19% | 0.29% | 0.10% | 0.01% | 0.36% | -0.09% | -0.35% | -0.09% | 0.18% | 0.00% | 0.83% |
| 2020 | 0.78% | 0.41% | -1.72% | -0.22% | 1.89% | 0.59% | 0.77% | 0.04% | 0.13% | -0.15% | 0.48% | 0.30% | 3.30% |
| 2019 | 0.62% | 0.33% | 0.53% | 0.16% | 0.62% | 0.43% | 0.52% | 0.43% | -0.39% | 0.25% | 0.15% | 0.24% | 3.96% |
| 2018 | -0.13% | -0.06% | -0.04% | -0.13% | 0.52% | 0.33% | 0.25% | 0.06% | -0.30% | -0.11% | 0.62% | 0.54% | 1.56% |
| 2017 | 0.59% | 0.49% | 0.04% | 0.40% | 0.58% | -0.24% | 0.49% | 0.49% | -0.33% | -0.05% | -0.78% | 0.33% | 2.02% |
| 2016 | 0.67% | 0.21% | -0.23% | 0.31% | -0.14% | 0.67% | 0.22% | -0.05% | -0.23% | -0.15% | -1.70% | 0.32% | -0.14% |
| 2015 | 0.85% | -0.42% | -0.04% | -0.05% | -0.24% | 0.13% | 0.31% | 0.04% | 0.40% | 0.30% | -0.06% | 0.13% | 1.33% |
| 2014 | 0.60% | 0.49% | -0.49% | 0.32% | 0.42% | -0.05% | 0.14% | 0.32% | -0.05% | 0.22% | 0.04% | -0.13% | 1.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, VMLTX is among the top 10% 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.
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.
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Dividends
Dividend History
Vanguard Limited-Term Tax-Exempt Fund Investor Shares provided a 2.90% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.30 | $0.25 | $0.17 | $0.14 | $0.18 | $0.21 | $0.20 | $0.17 | $0.17 | $0.17 | $0.18 |
Dividend yield | 2.90% | 2.79% | 2.30% | 1.57% | 1.23% | 1.63% | 1.87% | 1.82% | 1.55% | 1.53% | 1.51% | 1.61% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 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 |
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.
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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 0.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.41% | Mar 10, 2020 | 9 | Mar 20, 2020 | 70 | Jun 30, 2020 | 79 |
| -5.69% | Aug 6, 2021 | 308 | Oct 25, 2022 | 286 | Dec 14, 2023 | 594 |
| -3.22% | Sep 12, 2008 | 25 | Oct 16, 2008 | 55 | Jan 6, 2009 | 80 |
| -2.58% | Mar 12, 2004 | 44 | May 13, 2004 | 113 | Oct 25, 2004 | 157 |
| -2.52% | Feb 3, 1994 | 44 | Apr 5, 1994 | 215 | Jan 31, 1995 | 259 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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