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Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund Ranking and Research

Ranking, Research and Recommendation of Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

    Last Trade: $10.99 on 10/19/2017, Change: -0.01 (-0.09%)

 

Graph of Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) ManagerFund Manager - Marlin G. Brown

Fund Manager Information

Fund Manager Tenure: 9.7 years
Similar Funds: VMLTX 
Fund Family: Vanguard
Fund Category: Muni National Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.64)     (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

 

Graph of Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) ProfileVanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Profile

Fund Profile and Description

Vanguard Ltd-Term Tx-Ex Adm Fund seeks current income exempt from federal income tax, with limited price volatility. Vanguard Ltd-Term Tx-Ex Adm Fund invests at least 75% of assets in municipal bonds in the top three credit-rating categories. It may invest no more than 20% of assets in bonds rated Baa or BBB. Vanguard Ltd-Term Tx-Ex Adm Fund invests the remaining 5% of assets in securities with lower credit ratings or that are unrated.

 

Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund Strength What we like about Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

Data for Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) as of May 30, 2016

  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) management has been with Vanguard Ltd-Term Tx-Ex Adm Fund for 9.7 years
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has good short-term performance (1-year return 2.14% vs 1.39% Muni National Short category median performance)
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has good mid-term performance (3-year return 1.44% vs 0.80% Muni National Short category median performance)
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has good Long-term performance (5-year return 1.71% vs 1.38% Muni National Short category median performance)
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) ratio of up-years vs down years is greater than 2
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has a Morningstar rating of 4 and above
  • Asset base in Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has an annual stock turnover rate of 16.00% vs Muni National Short average of 25.33%. It is good that Vanguard Ltd-Term Tx-Ex Adm management does not trade extensively for its return.
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.25, lower than category average of 1.26
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) has a lower expense ratio than its Muni National Short average: 0.12% vs 0.71%
  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Weakness What we are cautious about Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

Data for Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) as of May 30, 2016

  • Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) is less safe compared to its Muni National Short peers
See Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) performance details as of May 30, 2016

 

What do you think?

 

Compare Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX)Compare with other top Muni National Short category mutual funds

Aadditional top Muni National Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Vanguard Ltd-Term Tx-Ex Adm0.842.141.441.71
Wells Fargo Advantage Strat Muni Bd Adm (VMPYX)1.413.242.513.08Compare

See top fund managers for Muni National Short Category Funds

 

Compare Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX)Compare with Muni National Short category ETFs

Some Muni National Short ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Short Municipal ETF (SMB)1.00%2.60%1.17%
Market Vectors Pre-Refunded Muni ETF (PRB)0.80%2.12%0.37%
PIMCO Short Term Municipal Bond Actv ETF (SMMU)0.82%1.71%0.80%
iShares ST National AMTFree Muni Bnd (SUB)000
SPDR Nuveen Barclays ST Muni Bd ETF (SHM)000

 

Graph of Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Net Asset TrackingVanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund Net Asset

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

DateNet Asset
05/2016$22.59B
03/2016$22.15B
02/2016$21.80B
More historic net asset information on Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX)

  

Graph of Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Portfolio TrackingVanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund Portfolio Allocation

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

DateCashStockBondOther
03/201610.1%0%89.82%0%
12/201510.89%0%89.03%0%
09/20159.36%0%90.56%0%
Click here to see more historic asset allocation information on Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX)

 

graph of Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Top 10 Position TrackingTop 10 Holdings in Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

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

Mar 30, 2016
CMT MUNICIPAL RATE [3.01%]
New York St Dorm Auth 5% [0.53%]
New York St Twy Auth 5% [0.42%]
Metropolitan Transn Auth [0.39%]
New Jersey Econ Dev Auth 5% [0.31%]
California St Dept Wtr Res Pwr Rev 0.1% [0.3%]
California St For Previous Iss Tax Ex 5% [0.27%]
New York St Urban Dev Corp Rev Income 5% [0.27%]
Tobacco Settlement Fing Corp N Asset Bkd [0.27%]
Foothill / Eastern Transn Corr Ref Re 5% [0.26%]

Dec 30, 2015
CMT MUNICIPAL RATE [2.39%]
New York St Dorm Auth 5% [0.56%]
New York St Twy Auth 5% [0.44%]
Metropolitan Transn Auth [0.41%]
New Jersey Econ Dev Auth 5% [0.33%]
California St Dept Wtr Res Pwr Rev 0.1% [0.31%]
Massachusetts St Go Ref Bd 0.13% [0.28%]
California St For Previous Iss Tax Ex 5% [0.28%]
New York St Urban Dev Corp Rev Income 5% [0.28%]
Foothill / Eastern Transn Corr Ref Re 5% [0.27%]

Sep 29, 2015
CMT MUNICIPAL RATE [2.37%]
New York St Dorm Auth 5% [0.57%]
New York St Twy Auth 5% [0.45%]
Metropolitan Transn Auth [0.41%]
Massachusetts St Go Ref Bd 0.22% [0.33%]
New Jersey Econ Dev Auth 5% [0.32%]
California St Dept Wtr Res Pwr Rev 0.1% [0.31%]
California St For Previous Iss Tax Ex 5% [0.28%]
New York St Urban Dev Corp Rev Income 5% [0.28%]
Foothill / Eastern Transn Corr Ref Re 5% [0.27%]
Click here for Stock Holding Change Map in Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX)

  

Latest News on Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

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

 

Vanguard Ltd-Term Tx-Ex Adm Fund (VMLUX) Related ResourcesSee more information on Vanguard Ltd-Term Tx-Ex Adm (VMLUX) Fund

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