Product summary

Fund facts

-

View prospectus and reports

Asset class Intermediate-Term Bond
Category Muni National Interm
Expense ratio
as of 02/27/2024
0.09% This is 87% lower than the average expense ratio of funds with similar holdings.*
Minimum investment $50,000
Fund number 0542
Fund advisor
Vanguard Fixed Income Group
   

Price and performance

Price as of 03/28/2024 $13.65
Change $0.01  0.07%

A non-money market fund's SEC yield is based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30 day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.

The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous seven days.

3.29%  A

Risk potential

How the potential for risk affects your investment

   

Average annual performance

Quarter-end

 |

Month-end

 As of12/31/2023

 
  Inter-Term Tax-Exempt Adm
  Bloomberg 1-15 Year Municipal Index** (Benchmark)


Hypothetical growth of $10,000

 

Important fund performance information

 

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. See performance data current to the most recent month-end. Click to view standardized returns, fees, and expenses.

   

Portfolio composition

* Derived from data provided by Morningstar, Inc. © 2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

All investments are subject to risk, including the possible loss of the money you invest. Although the income from a municipal bond fund is exempt from federal tax, you may owe taxes on any capital gains realized through the fund's trading or through your own redemption of shares. For some investors, a portion of the fund's income may be subject to state and local taxes.

Vanguard average mutual fund expense ratio: 0.11%. Industry average mutual fund expense ratio: 0.67%. All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2017.