Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX)
Fund Info
| ISIN | US9229078863 |
|---|---|
| CUSIP | 922907886 |
| Issuer | Vanguard |
| Inception Date | Feb 12, 2001 |
| Category | Municipal Bonds |
| Min. Investment | $50,000 |
| Home Page | advisors.vanguard.com |
| Asset Class | Bond |
Expense Ratio
VMLUX has an expense ratio of 0.09%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: VMLUX vs. VWIUX, VMLUX vs. VWALX, VMLUX vs. JMST, VMLUX vs. VTEAX, VMLUX vs. VWSUX, VMLUX vs. BND, VMLUX vs. VWEAX, VMLUX vs. VMATX, VMLUX vs. VTEB, VMLUX vs. VONE
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Limited-Term Tax-Exempt Fund Admiral Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares had a return of 2.51% year-to-date (YTD) and 5.29% in the last 12 months. Over the past 10 years, Vanguard Limited-Term Tax-Exempt Fund Admiral Shares had an annualized return of 1.69%, while the S&P 500 had an annualized return of 11.39%, indicating that Vanguard Limited-Term Tax-Exempt Fund Admiral Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.51% | 25.45% |
| 1 month | -0.21% | 2.91% |
| 6 months | 2.22% | 14.05% |
| 1 year | 5.29% | 35.64% |
| 5 years (annualized) | 1.62% | 14.13% |
| 10 years (annualized) | 1.69% | 11.39% |
Monthly Returns
The table below presents the monthly returns of VMLUX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.05% | 0.23% | 0.05% | -0.31% | -0.04% | 0.80% | 0.80% | 0.89% | 0.61% | -0.58% | 2.51% | ||
| 2023 | 1.49% | -1.29% | 1.31% | -0.18% | -0.46% | 0.58% | 0.20% | -0.17% | -1.01% | 0.03% | 2.51% | 1.25% | 4.29% |
| 2022 | -1.34% | -0.25% | -1.45% | -1.08% | 0.97% | -0.24% | 1.16% | -1.05% | -1.63% | -0.21% | 1.99% | 0.27% | -2.90% |
| 2021 | 0.29% | -0.49% | 0.20% | 0.29% | 0.11% | 0.02% | 0.37% | -0.08% | -0.35% | -0.08% | 0.19% | -0.00% | 0.48% |
| 2020 | 0.79% | 0.41% | -1.72% | -0.21% | 1.89% | 0.59% | 0.77% | 0.04% | 0.13% | -0.13% | 0.49% | 0.30% | 3.38% |
| 2019 | 0.64% | 0.34% | 0.54% | 0.17% | 0.63% | 0.44% | 0.52% | 0.43% | -0.39% | 0.25% | 0.15% | 0.25% | 4.05% |
| 2018 | -0.12% | -0.05% | -0.03% | -0.12% | 0.53% | 0.34% | 0.25% | 0.07% | -0.30% | -0.11% | 0.63% | 0.55% | 1.64% |
| 2017 | 0.60% | 0.50% | 0.05% | 0.41% | 0.59% | -0.23% | 0.50% | 0.50% | -0.32% | -0.05% | -0.77% | 0.34% | 2.14% |
| 2016 | 0.68% | 0.22% | -0.23% | 0.32% | -0.13% | 0.68% | 0.23% | -0.05% | -0.23% | -0.14% | -1.69% | 0.32% | -0.03% |
| 2015 | 0.86% | -0.41% | -0.05% | -0.05% | -0.23% | 0.13% | 0.32% | 0.05% | 0.40% | 0.31% | -0.05% | 0.14% | 1.42% |
| 2014 | 0.60% | 0.50% | -0.49% | 0.33% | 0.42% | -0.04% | 0.15% | 0.32% | -0.05% | 0.23% | 0.05% | -0.14% | 1.88% |
| 2013 | 0.15% | 0.31% | -0.03% | 0.23% | -0.30% | -0.86% | 0.24% | -0.31% | 0.60% | 0.60% | -0.04% | -0.04% | 0.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of VMLUX is 87, placing it in the top 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares provided a 2.81% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.26 | $0.18 | $0.14 | $0.19 | $0.22 | $0.21 | $0.18 | $0.18 | $0.18 | $0.19 | $0.19 |
Dividend yield | 2.81% | 2.39% | 1.64% | 1.29% | 1.70% | 1.96% | 1.90% | 1.66% | 1.64% | 1.59% | 1.68% | 1.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Limited-Term Tax-Exempt Fund Admiral 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.26 | |
| 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 | $0.26 |
| 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 | $0.18 |
| 2021 | $0.01 | $0.02 | $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 | $0.02 | $0.02 | $0.01 | $0.19 |
| 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 | $0.22 |
| 2018 | $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 |
| 2017 | $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 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.18 |
| 2015 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Limited-Term Tax-Exempt Fund Admiral 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 Admiral Shares was 6.41%, occurring on Mar 20, 2020. Recovery took 70 trading sessions.
The current Vanguard Limited-Term Tax-Exempt Fund Admiral Shares drawdown is 0.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.41% | Mar 10, 2020 | 9 | Mar 20, 2020 | 70 | Jun 30, 2020 | 79 |
| -5.61% | Aug 6, 2021 | 308 | Oct 25, 2022 | 280 | Dec 6, 2023 | 588 |
| -3.21% | Sep 12, 2008 | 25 | Oct 16, 2008 | 55 | Jan 6, 2009 | 80 |
| -2.56% | Mar 12, 2004 | 44 | May 13, 2004 | 106 | Oct 14, 2004 | 150 |
| -2.27% | Aug 25, 2016 | 69 | Dec 1, 2016 | 114 | May 17, 2017 | 183 |
Volatility
Volatility Chart
The current Vanguard Limited-Term Tax-Exempt Fund Admiral Shares volatility is 0.75%, 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.