Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX)
Fund Info
| ISIN | US9229078608 |
|---|---|
| CUSIP | 922907860 |
| Issuer | Vanguard |
| Inception Date | Feb 12, 2001 |
| Category | Municipal Bonds |
| Home Page | advisors.vanguard.com |
| Asset Class | Bond |
Expense Ratio
VWLUX 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: VWLUX vs. VWALX, VWLUX vs. VWIUX, VWLUX vs. VNYUX, VWLUX vs. VUG, VWLUX vs. BND, VWLUX vs. VWIAX, VWLUX vs. VTEB, VWLUX vs. fxAIX, VWLUX vs. VTI, VWLUX vs. VIGAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Long-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 Long-Term Tax-Exempt Fund Admiral Shares had a return of 1.99% year-to-date (YTD) and 8.37% in the last 12 months. Over the past 10 years, Vanguard Long-Term Tax-Exempt Fund Admiral Shares had an annualized return of 2.66%, while the S&P 500 had an annualized return of 11.39%, indicating that Vanguard Long-Term Tax-Exempt Fund Admiral Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.99% | 25.48% |
| 1 month | -0.34% | 2.14% |
| 6 months | 2.04% | 12.76% |
| 1 year | 8.37% | 33.14% |
| 5 years (annualized) | 1.28% | 13.96% |
| 10 years (annualized) | 2.66% | 11.39% |
Monthly Returns
The table below presents the monthly returns of VWLUX, 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 | -0.18% | 0.01% | 0.10% | -1.37% | 0.01% | 1.80% | 0.93% | 0.75% | 1.20% | -1.61% | 1.99% | ||
| 2023 | 3.48% | -2.67% | 2.35% | -0.01% | -0.75% | 1.02% | 0.18% | -1.41% | -3.22% | -1.67% | 7.62% | 2.99% | 7.66% |
| 2022 | -2.76% | -0.62% | -3.38% | -3.50% | 1.63% | -2.59% | 3.15% | -2.77% | -4.25% | -1.01% | 5.85% | -0.12% | -10.36% |
| 2021 | 0.71% | -1.72% | 0.72% | 1.05% | 0.55% | 0.38% | 0.86% | -0.44% | -0.85% | -0.12% | 1.04% | -0.36% | 1.81% |
| 2020 | 2.03% | 1.64% | -4.07% | -1.96% | 3.48% | 1.34% | 1.83% | -0.34% | -0.02% | -0.18% | 1.73% | 0.39% | 5.79% |
| 2019 | 0.74% | 0.54% | 1.87% | 0.54% | 1.66% | 0.36% | 0.86% | 1.95% | -0.74% | 0.01% | 0.17% | -0.07% | 8.13% |
| 2018 | -1.33% | -0.51% | 0.48% | -0.41% | 1.27% | 0.11% | 0.12% | 0.21% | -0.67% | -0.76% | 1.19% | 1.28% | 0.94% |
| 2017 | 0.40% | 0.63% | 0.32% | 0.82% | 1.79% | -0.22% | 0.73% | 0.99% | -0.39% | 0.30% | -0.23% | 1.00% | 6.29% |
| 2016 | 1.24% | -0.05% | 0.73% | 0.88% | 0.47% | 1.97% | -0.19% | 0.30% | -0.54% | -1.11% | -4.19% | 1.03% | 0.41% |
| 2015 | 1.94% | -1.22% | 0.41% | -0.63% | -0.28% | -0.12% | 0.85% | 0.32% | 0.66% | 0.40% | 0.74% | 0.83% | 3.92% |
| 2014 | 2.45% | 1.30% | 0.26% | 1.49% | 1.56% | -0.03% | 0.24% | 1.45% | 0.23% | 0.75% | 0.14% | 0.58% | 10.92% |
| 2013 | 0.58% | 0.37% | -0.52% | 1.17% | -1.36% | -3.38% | -1.18% | -1.46% | 2.57% | 0.89% | -0.28% | -0.18% | -2.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VWLUX is 55, 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Long-Term Tax-Exempt Fund Admiral Shares provided a 3.42% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.32 | $0.32 | $0.35 | $0.38 | $0.40 | $0.41 | $0.43 | $0.44 | $0.46 | $0.46 |
Dividend yield | 3.42% | 3.17% | 2.99% | 2.63% | 2.85% | 3.23% | 3.54% | 3.55% | 3.75% | 3.73% | 3.88% | 4.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Long-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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 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 | $0.35 |
| 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 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2020 | $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 |
| 2019 | $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 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $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 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 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 | $0.46 |
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 Long-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 Long-Term Tax-Exempt Fund Admiral Shares was 16.38%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Vanguard Long-Term Tax-Exempt Fund Admiral Shares drawdown is 2.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.38% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -12.33% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -11.78% | Jan 24, 2008 | 185 | Oct 16, 2008 | 140 | May 8, 2009 | 325 |
| -7.85% | May 3, 2013 | 87 | Sep 5, 2013 | 150 | Apr 10, 2014 | 237 |
| -7.29% | Sep 1, 2010 | 96 | Jan 18, 2011 | 121 | Jul 12, 2011 | 217 |
Volatility
Volatility Chart
The current Vanguard Long-Term Tax-Exempt Fund Admiral Shares volatility is 1.92%, 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.