Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX)
Fund Info
US92204L1044
92204L104
Apr 7, 1986
$3,000
Expense Ratio
VPAIX 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 Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) returned -2.18% year-to-date (YTD) and 1.61% over the past 12 months. Over the past 10 years, VPAIX returned 2.50% annually, underperforming the S&P 500 benchmark at 10.85%.
VPAIX
-2.18%
-0.76%
-3.69%
1.61%
1.55%
0.57%
2.50%
^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 VPAIX, 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 | 0.20% | 1.23% | -2.01% | -0.83% | -0.76% | -2.18% | |||||||
| 2024 | -0.18% | 0.10% | -0.08% | -1.19% | -0.18% | 1.89% | 0.85% | 0.66% | 1.30% | -1.54% | 1.97% | -1.54% | 1.99% |
| 2023 | 3.40% | -2.67% | 2.27% | -0.01% | -0.85% | 0.94% | 0.28% | -1.50% | -3.14% | -1.78% | 7.46% | 3.10% | 7.25% |
| 2022 | -2.51% | -0.53% | -3.11% | -3.48% | 1.17% | -2.30% | 2.87% | -2.58% | -4.15% | -1.29% | 5.76% | -0.10% | -10.20% |
| 2021 | 0.72% | -1.49% | 0.64% | 1.14% | 0.55% | 0.30% | 0.79% | -0.43% | -0.76% | -0.11% | 0.97% | 0.12% | 2.44% |
| 2020 | 2.03% | 1.57% | -3.10% | -2.38% | 3.30% | 0.92% | 1.83% | -0.34% | 0.07% | -0.18% | 1.48% | 0.69% | 5.87% |
| 2019 | 0.83% | 0.62% | 1.87% | 0.54% | 1.66% | 0.43% | 0.77% | 1.95% | -0.66% | 0.01% | 0.17% | 0.30% | 8.78% |
| 2018 | -1.43% | -0.44% | 0.57% | -0.41% | 1.37% | 0.03% | 0.21% | 0.20% | -0.60% | -0.86% | 1.10% | 1.43% | 1.12% |
| 2017 | 0.39% | 0.54% | 0.39% | 0.82% | 1.78% | -0.23% | 0.73% | 0.90% | -0.24% | 0.29% | -0.15% | 1.24% | 6.62% |
| 2016 | 1.07% | -0.06% | 0.55% | 0.97% | 0.46% | 1.80% | -0.12% | 0.29% | -0.56% | -1.05% | -3.97% | 1.42% | 0.68% |
| 2015 | 1.92% | -1.16% | 0.48% | -0.64% | -0.20% | -0.14% | 0.92% | 0.31% | 0.65% | 0.22% | 0.64% | 0.98% | 4.02% |
| 2014 | 2.34% | 1.19% | 0.41% | 1.37% | 1.37% | -0.04% | 0.31% | 1.36% | 0.30% | 0.83% | 0.21% | 0.68% | 10.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VPAIX is 20, meaning it’s performing worse than 80% of other 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 Pennsylvania Long-Term Tax-Exempt Fund Investor Shares (VPAIX) 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 Pennsylvania Long-Term Tax-Exempt Fund Investor Shares provided a 3.61% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.37 | $0.36 | $0.33 | $0.35 | $0.39 | $0.41 | $0.44 | $0.46 | $0.47 | $0.46 | $0.45 |
Dividend yield | 3.61% | 3.45% | 3.25% | 3.12% | 2.91% | 3.17% | 3.45% | 3.91% | 3.94% | 4.11% | 3.92% | 3.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Pennsylvania Long-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 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.39 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.44 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.46 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.09 | $0.47 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.07 | $0.46 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.45 |
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 Pennsylvania Long-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 Pennsylvania Long-Term Tax-Exempt Fund Investor Shares was 17.96%, occurring on Oct 19, 1987. Recovery took 84 trading sessions.
The current Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares drawdown is 4.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.96% | Mar 19, 1987 | 153 | Oct 19, 1987 | 84 | Feb 12, 1988 | 237 |
| -15.77% | Aug 6, 2021 | 308 | Oct 25, 2022 | 532 | Dec 6, 2024 | 840 |
| -11.78% | Mar 10, 2020 | 9 | Mar 20, 2020 | 95 | Aug 5, 2020 | 104 |
| -10.86% | Feb 1, 1994 | 210 | Nov 21, 1994 | 70 | Feb 27, 1995 | 280 |
| -10.2% | Jan 24, 2008 | 185 | Oct 16, 2008 | 126 | Apr 20, 2009 | 311 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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