Mutual Fund Insights: Vanguard MA Tax-Exempt Fund (VMATX)

In-depth Analysis of Vanguard MA Tax-Exempt Fund (VMATX)

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See Vanguard MA Tax-Exempt Fund (VMATX) performance details as of February 28, 2010

  

Last Trade: $10.25 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Marlin G. Brown

Fund Manager Tenure: 2.0 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Marlin G. Brown has been a portfolio manager with Vanguard Fixed Income Group since 1996. Marlin G. Brown has worked in investment management since 1986.  Get more insights on Marlin G. Brown

  

 What we like about Vanguard MA Tax-Exempt Fund (VMATX)

Data for Vanguard MA Tax-Exempt Fund (VMATX) as of February 28, 2010

• Vanguard MA Tax-Exempt Fund (VMATX) has good short-term performance (1-year return 8.25% vs 11.80 % Muni Massachusetts category average)
• Vanguard MA Tax-Exempt Fund (VMATX) has good mid-term performance (3-year return 3.99% vs 3.01 % Muni Massachusetts category average)
• Vanguard MA Tax-Exempt Fund (VMATX) has good Long-term performance (5-year return 4.17% vs 3.56 % Muni Massachusetts category average)
• Vanguard MA Tax-Exempt Fund (VMATX) has a Morningstar rating of 4 and above
• Vanguard MA Tax-Exempt Fund (VMATX) has an annual stock turnover rate of 15.00% vs Muni Massachusetts average of 18.26%. It is good that Vanguard MA Tax-Exempt management does not trade extensively for its return.
• Vanguard MA Tax-Exempt Fund (VMATX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.31, lower than category average of 7.26
• Vanguard MA Tax-Exempt Fund (VMATX) has a lower management fee than its Muni Massachusetts average: 0.17% vs 1.07%
• Vanguard MA Tax-Exempt Fund (VMATX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Vanguard MA Tax-Exempt Fund (VMATX)

Data for Vanguard MA Tax-Exempt Fund (VMATX) as of February 28, 2010

• Vanguard MA Tax-Exempt Fund (VMATX) management has been with Vanguard MA Tax-Exempt Fund for only 2.0 years, it is hard to judge manager's ability based on this fund's operation record
• Vanguard MA Tax-Exempt Fund (VMATX) ratio of up-years vs down years can be improved

See Vanguard MA Tax-Exempt Fund (VMATX) performance details as of February 28, 2010

  

  

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Vanguard MA Tax-Exempt Fund (VMATX) Net Asset

Track net asset change of Vanguard MA Tax-Exempt fund (VMATX)

Date	Net Asset
02/2010	$962.48M
01/2010	$948.66M
11/2009	$938.83M

More historic net asset information on Vanguard MA Tax-Exempt Fund (VMATX)

  

Vanguard MA Tax-Exempt Fund (VMATX) Portfolio Allocation

Track portfolio allocation change of Vanguard MA Tax-Exempt fund (VMATX)

Date	Cash	Stock	Bond	Other
09/2009	0.79%	0%	99.21%	0%
07/2009	0.88%	0%	99.12%	0%
06/2009	0.7%	0%	99.3%	0%

Click here to see more historic asset allocation information on Vanguard MA Tax-Exempt Fund (VMATX)

  

Most Recent Top 10 Holdings in Vanguard MA Tax-Exempt Fund (VMATX)

Discover what Vanguard MA Tax-Exempt Fund (VMATX) manager is buying

30-Sep-09 Massachusetts Bay Transn Auth 5.25% [1.93%] Massachusetts St Spl Obl Ded Ref Re 5.5% [1.9%] Massachusetts St Sch Bldg Auth 5% [1.78%] Massachusetts St Go Bds 5% [1.71%] Massachusetts Bay Transn Auth 5.25% [1.71%] Massachusetts St Sch Bldg Auth 5% [1.37%] Massachusetts St Go Bds 5.5% [1.34%] Massachusetts St Go Bds 5.5% [1.33%] Massachusetts St Wtr Res Auth 5% [1.28%] Massachusetts Bay Transn Auth 5% [1.27%]

31-Jul-09 Massachusetts St Sch Bldg Auth 5% [1.87%] Massachusetts St Spl Obl Ded Ref Re 5.5% [1.86%] Massachusetts St Go Bds 5% [1.77%] Massachusetts Bay Transn Auth 5.25% [1.77%] Massachusetts St Go Bds 5% [1.61%] Massachusetts St Go Bds 5.5% [1.42%] Massachusetts St Sch Bldg Auth 5% [1.4%] Massachusetts Bay Transn Auth 5% [1.37%] Massachusetts St Go Bds 5% [1.35%] Massachusetts St Wtr Res Auth 5% [1.34%]

30-Jun-09 Massachusetts St Health & Edl Var Rev B [2.43%] Massachusetts St Sch Bldg Auth 5% [1.86%] Massachusetts St Spl Obl Ded Ref Re 5.5% [1.84%] Massachusetts Bay Transn Auth 5.25% [1.78%] Massachusetts St Go Bds 5% [1.6%] Massachusetts St Sch Bldg Auth 5% [1.43%] Massachusetts St Go Bds 5.5% [1.4%] Massachusetts Bay Transn Auth 5% [1.37%] Massachusetts St Wtr Res Auth 5% [1.36%] Massachusetts St Go Bds 5% [1.34%]

Click here for Stock Holding Change Map in Vanguard MA Tax-Exempt Fund (VMATX)

  

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Latest News on Vanguard MA Tax-Exempt (VMATX)

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See more information on Vanguard MA Tax-Exempt Fund (VMATX)

• Vanguard MA Tax-Exempt Fund Insights
• Vanguard MA Tax-Exempt Fund Performance Data
• Vanguard MA Tax-Exempt Fund News
• Vanguard MA Tax-Exempt Fund Score Explaination
• Vanguard MA Tax-Exempt Fund Manager Information
• Historic Vanguard MA Tax-Exempt Fund Asset Allocation Report
• Historic Vanguard MA Tax-Exempt Fund Top 10 Holding Tracking
• Historic Vanguard MA Tax-Exempt Fund Asset Under Management Tracking