VMLTX — Vanguard Limited-Term Tax-Exempt Fund
Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
VMLTX pays a 0.03% distribution rate, on a 0.17% expense ratio. Its Distribution Safety Score™ is 92 (Safe), giving a Safety-Adjusted Yield of 0.03%. Distributions grew 2.0% over the past year. Its deepest 1-year drawdown was 1.5%.
Vanguard Limited-Term Tax-Exempt Fund is a mutual fund that invests primarily in investment-grade municipal bonds, with at least 75% of assets in top-rated securities and limited allocations to medium and lower-quality bonds. The fund provides a modest current distribution rate with a low expense ratio of 0.17%, and distributions are paid monthly. The fund appeals to investors in higher tax brackets seeking tax-free income from municipal bond exposure with limited interest-rate risk.
VMLTX key facts
- Distribution Safety Score™
- 92 · Safe
- Safety-Adjusted Yield
- 0.03%
- Issuer
- Vanguard
- Asset type
- Mutual Fund
- Asset class
- Fixed Income
- Inception date
- 08/31/1987
- Expense ratio
- 0.17%
- Distribution rate
- 0.03%
- Trailing yield
- 3.10%
- Last close
- $10.94
- AUM
- $35,356,540,000
- Average volume
- 0.0
- Last dividend
- $0.0285
- Ex-dividend date
- 07/31/2026
- Payment date
- 08/03/2026
- Beta
- 0.38
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