Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX)
Fund Info
| ISIN | US9229078459 |
|---|---|
| CUSIP | 922907845 |
| Issuer | Vanguard |
| Inception Date | Nov 12, 2001 |
| Category | Municipal Bonds |
| Home Page | advisors.vanguard.com |
| Asset Class | Bond |
Expense Ratio
VWALX has an expense ratio of 0.09% which is considered to be low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard High-Yield 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 High-Yield Tax-Exempt Fund Admiral Shares had a return of 0.80% year-to-date (YTD) and 6.26% in the last 12 months. Over the past 10 years, Vanguard High-Yield Tax-Exempt Fund Admiral Shares had an annualized return of 3.34%, while the S&P 500 had an annualized return of 10.99%, indicating that Vanguard High-Yield Tax-Exempt Fund Admiral Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.80% | 11.18% |
| 1 month | 1.46% | 5.60% |
| 6 months | 6.93% | 17.48% |
| 1 year | 6.26% | 26.33% |
| 5 years (annualized) | 1.95% | 13.16% |
| 10 years (annualized) | 3.34% | 10.99% |
Monthly Returns
The table below presents the monthly returns of VWALX, 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 | 0.13% | 0.22% | 0.41% | -1.27% | 0.80% | ||||||||
| 2023 | 3.81% | -2.53% | 2.05% | 0.20% | -0.65% | 1.17% | 0.31% | -1.41% | -3.18% | -1.98% | 7.67% | 3.20% | 8.46% |
| 2022 | -2.68% | -0.78% | -3.39% | -3.52% | 1.39% | -2.87% | 3.34% | -2.69% | -4.68% | -1.60% | 5.85% | -0.19% | -11.69% |
| 2021 | 1.17% | -1.57% | 0.84% | 1.26% | 0.83% | 0.66% | 0.90% | -0.34% | -0.91% | -0.18% | 1.08% | 0.19% | 3.95% |
| 2020 | 1.98% | 1.68% | -6.17% | -2.71% | 3.39% | 2.48% | 2.09% | -0.08% | -0.08% | 0.01% | 1.89% | 1.25% | 5.48% |
| 2019 | 0.69% | 0.65% | 2.10% | 0.56% | 1.61% | 0.46% | 0.81% | 2.00% | -0.65% | 0.03% | 0.27% | 0.42% | 9.27% |
| 2018 | -1.16% | -0.41% | 0.60% | -0.30% | 1.31% | 0.14% | 0.24% | 0.32% | -0.67% | -0.84% | 0.96% | 1.23% | 1.38% |
| 2017 | 0.52% | 0.75% | 0.42% | 0.86% | 1.77% | -0.04% | 0.95% | 1.12% | -0.22% | 0.32% | 0.05% | 1.21% | 7.96% |
| 2016 | 1.11% | 0.04% | 0.76% | 0.92% | 0.75% | 2.12% | -0.03% | 0.39% | -0.47% | -1.15% | -4.40% | 1.07% | 0.96% |
| 2015 | 2.00% | -1.03% | 0.32% | -0.49% | -0.30% | -0.31% | 0.79% | 0.32% | 0.67% | 0.50% | 0.76% | 0.94% | 4.23% |
| 2014 | 2.56% | 1.45% | 0.35% | 1.44% | 1.71% | -0.04% | 0.15% | 1.50% | 0.22% | 0.76% | 0.30% | 0.77% | 11.72% |
| 2013 | 0.59% | 0.47% | -0.38% | 1.02% | -1.01% | -3.52% | -1.23% | -1.91% | 2.58% | 0.83% | -0.22% | -0.29% | -3.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VWALX is 32, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
VWALX (Vanguard High-Yield Tax-Exempt Fund Admiral Shares)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard High-Yield Tax-Exempt Fund Admiral Shares granted a 3.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.38 | $0.35 | $0.43 | $0.41 | $0.44 | $0.43 | $0.43 | $0.43 | $0.43 | $0.43 | $0.44 |
Dividend yield | 3.69% | 3.59% | 3.44% | 3.55% | 3.39% | 3.75% | 3.85% | 3.76% | 3.88% | 3.75% | 3.83% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard High-Yield 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 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 | $0.38 |
| 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 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
| 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 | $0.41 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.44 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard High-Yield 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 High-Yield Tax-Exempt Fund Admiral Shares was 17.24%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Vanguard High-Yield Tax-Exempt Fund Admiral Shares drawdown is 3.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.24% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -15.14% | Jan 24, 2008 | 226 | Dec 15, 2008 | 170 | Aug 19, 2009 | 396 |
| -13.29% | Mar 3, 2020 | 14 | Mar 20, 2020 | 170 | Nov 19, 2020 | 184 |
| -8.07% | May 3, 2013 | 87 | Sep 5, 2013 | 154 | Apr 16, 2014 | 241 |
| -7.51% | Oct 13, 2010 | 67 | Jan 18, 2011 | 122 | Jul 13, 2011 | 189 |
Volatility
Volatility Chart
The current Vanguard High-Yield Tax-Exempt Fund Admiral Shares volatility is 0.83%, 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.