VWALX — VANGUARD HIGH-YIELD TAX-EXEMPT FUND ADMIRAL SHARES
VANGUARD HIGH-YIELD TAX-EXEMPT FUND ADMIRAL SHARES (VWALX)
VWALX pays a 4.20% distribution rate, monthly, on a 0.09% expense ratio. Its Distribution Safety Score™ is 100 (Safe), giving a Safety-Adjusted Yield of 4.20%. Distributions grew 1.4% over the past year. Total return is 158.7% over the past 24.8 years, 825.6 points behind SPY at 984.3%. Its deepest 1-year drawdown was 3.1%.
Vanguard High-Yield Tax-Exempt Fund Admiral Shares is a mutual fund investing primarily in municipal bonds selected to generate high current income exempt from federal income tax. The fund has a high current distribution rate and pays distributions monthly, with a very low expense ratio of 0.09%. It appeals to income-focused investors in higher tax brackets seeking tax-advantaged fixed-income returns.
VWALX key facts
- Distribution Safety Score™
- 100 · Safe
- Safety-Adjusted Yield
- 4.20%
- Issuer
- Vanguard
- Asset type
- Mutual Fund
- Asset class
- Fixed Income
- Expense ratio
- 0.09%
- Distribution rate
- 4.20%
- Distribution frequency
- Monthly
- Trailing yield
- 4.20%
- Last close
- $10.58
- AUM
- $13,115,970,560
- Average volume
- 0.0
- Last dividend
- $0.0370
- Ex-dividend date
- 07/31/2026
- Payment date
- 08/03/2026
- Beta
- 1.16
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Income is not the same as return. Distribution yield measures cash paid to investors; total return also includes price changes. Compare both, especially for option-income and other high-distribution funds.
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