Mutual Fund Insights: Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

In-depth Analysis of Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

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See Vanguard Ltd-Term Tx-Ex Fund (VMLTX) performance details as of January 31, 2010

  

Last Trade: $11.11 on 3/17/2010, Change: 0.00 (0%)

  

Fund Manager - Marlin G. Brown

Fund Manager Tenure: 2.1 years   [Similar Funds: VMLUX ]
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)

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

  

 What we like about Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

Data for Vanguard Ltd-Term Tx-Ex Fund (VMLTX) as of January 31, 2010

• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has good mid-term performance (3-year return 4.39% vs 3.49% Muni National Short category average)
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has good Long-term performance (5-year return 3.54% vs 2.92% Muni National Short category average)
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) ratio of up-years vs down years is greater than 2
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has a Morningstar rating of 4 and above
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has an annual stock turnover rate of 11.00% vs Muni National Short average of 47.27%. It is good that Vanguard Ltd-Term Tx-Ex management does not trade extensively for its return.
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.49, lower than category average of 2.59
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has a lower management fee than its Muni National Short average: 0.20% vs 0.83%
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

Data for Vanguard Ltd-Term Tx-Ex Fund (VMLTX) as of January 31, 2010

• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) management has been with Vanguard Ltd-Term Tx-Ex Fund for only 2.1 years, it is hard to judge manager's ability based on this fund's operation record
• Vanguard Ltd-Term Tx-Ex Fund (VMLTX) has a less-than-ideal short-term performance (1-year return 3.78% vs 4.08% Muni National Short category average)

See Vanguard Ltd-Term Tx-Ex Fund (VMLTX) performance details as of January 31, 2010

  

  

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Vanguard Ltd-Term Tx-Ex Fund (VMLTX) Net Asset

Track net asset change of Vanguard Ltd-Term Tx-Ex fund (VMLTX)

Date	Net Asset
01/2010	$3.32B
11/2009	$3.12B
10/2009	$3.07B

More historic net asset information on Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

  

Vanguard Ltd-Term Tx-Ex Fund (VMLTX) Portfolio Allocation

Track portfolio allocation change of Vanguard Ltd-Term Tx-Ex fund (VMLTX)

Date	Cash	Stock	Bond	Other
09/2009	6.05%	0%	93.95%	0%
07/2009	5.61%	0%	94.39%	0%
06/2009	5.97%	0%	93.64%	0.39%

Click here to see more historic asset allocation information on Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

  

Most Recent Top 10 Holdings in Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

Discover what Vanguard Ltd-Term Tx-Ex Fund (VMLTX) manager is buying

30-Sep-09 CMT MUNICIPAL RATE 4.01% [2.08%] North Tex Twy Auth 5.25% [0.65%] Golden St Tob Securitization C Ass 6.25% [0.64%] Tobacco Settlement Fing Corp N Ass 5.75% [0.64%] Metropolitan Transn Auth 5% [0.49%] Usf Fing Corp Fla Ctfs Partn Var Cops [0.47%] Long Island Pwr Auth 5% [0.46%] Puerto Rico Sales Tax Fing Cor Rev Bd 5% [0.46%] New York N Y City Transitional Future 5% [0.45%] New York N Y Adj Go Bd [0.44%]

31-Jul-09 CMT MUNICIPAL RATE 4.01% [2.14%] GOLDEN ST TOB SECURITIZATION C ASSET BAC [0.87%] North Tex Twy Auth 5.25% [0.8%] New Jersey St Tpk Auth [0.58%] Usf Fing Corp Fla Ctfs Partn Var Cops [0.58%] METROPOLITAN TRANSN AUTH N Y R TRANS REV [0.57%] Long Island Pwr Auth 5% [0.56%] New Jersey St Tpk Auth 4% [0.54%] Tobacco Settlement Fing 5.75% [0.54%] Engy Northwest Wash Elec Rev Elec 5% [0.53%]

30-Jun-09 CMT MUNICIPAL RATE 4.01% [2.22%] North Tex Twy Auth 5.25% [0.72%] Tobacco Settlement Fing Corp N Ass 5.75% [0.71%] Golden St Tob Securitization C Ass 6.25% [0.71%] Usf Fing Corp Fla Ctfs Partn Var Cops [0.53%] Metropolitan Transn Auth 5% [0.52%] New York N Y Adj Go Bd [0.52%] Long Island Pwr Auth 5% [0.52%] PUERTO RICO SALES TAX FING COR REV BDS [0.5%] Engy Northwest Wash Elec Rev Elec 5% [0.48%]

Click here for Stock Holding Change Map in Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

  

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Latest News on Vanguard Ltd-Term Tx-Ex (VMLTX)

See what is happening with Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

Cash Is Not Trash (Morningstar.com) Fidelity, Vanguard Grab Fund Inflows (TheStreet.com) See more news on Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

 

Books and Resources

 

 

See more information on Vanguard Ltd-Term Tx-Ex Fund (VMLTX)

• Vanguard Ltd-Term Tx-Ex Fund Insights
• Vanguard Ltd-Term Tx-Ex Fund Performance Data
• Vanguard Ltd-Term Tx-Ex Fund News
• Vanguard Ltd-Term Tx-Ex Fund Score Explaination
• Vanguard Ltd-Term Tx-Ex Fund Manager Information
• Historic Vanguard Ltd-Term Tx-Ex Fund Asset Allocation Report
• Historic Vanguard Ltd-Term Tx-Ex Fund Top 10 Holding Tracking
• Historic Vanguard Ltd-Term Tx-Ex Fund Asset Under Management Tracking