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Mutual Fund Insights: Vanguard Long-Term Tax-Exempt Fund (VWLTX)

In-depth Analysis of Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Mutual fund chart: Vanguard Long-Term Tax-Exempt Fund (VWLTX)

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6 months
1 year
3 year
5 year

See Vanguard Long-Term Tax-Exempt Fund (VWLTX) performance details as of January 31, 2010

Last Trade: $11.05 on 3/19/2010, Change: 0.00 (0%)

Fund Manager - Christopher W. Alwine

Fund Manager Tenure: 0.6 years [Similar Funds: VWLUX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*) (What does this score mean?)

Christopher W. Alwine, CFA, Principal of Vanguard. He has been with Vanguard since 1990; has worked in investment management since 1991; has managed investment portfolios since 1996; and has managed the High-Yield Tax-Exempt and Long-Term Tax-Exempt Funds since July 2009. Education: B.B.A., Temple University; M.S., Drexel University. Get more insights on Christopher W. Alwine

What we like about Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Data for Vanguard Long-Term Tax-Exempt Fund (VWLTX) as of January 31, 2010

Vanguard Long-Term Tax-Exempt Fund (VWLTX) has good mid-term performance (3-year return 3.87% vs 2.61% Muni National Long category average)
Vanguard Long-Term Tax-Exempt Fund (VWLTX) has good Long-term performance (5-year return 3.69% vs 2.89% Muni National Long category average)
Vanguard Long-Term Tax-Exempt Fund (VWLTX) ratio of up-years vs down years is greater than 2
Vanguard Long-Term Tax-Exempt Fund (VWLTX) has a Morningstar rating of 4 and above
Vanguard Long-Term Tax-Exempt Fund (VWLTX) has an annual stock turnover rate of 15.00% vs Muni National Long average of 50.55%. It is good that Vanguard Long-Term Tax-Exempt management does not trade extensively for its return.
Vanguard Long-Term Tax-Exempt Fund (VWLTX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.73, lower than category average of 7.62
Vanguard Long-Term Tax-Exempt Fund (VWLTX) has a lower management fee than its Muni National Long average: 0.20% vs 1.02%
Vanguard Long-Term Tax-Exempt Fund (VWLTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Data for Vanguard Long-Term Tax-Exempt Fund (VWLTX) as of January 31, 2010

Vanguard Long-Term Tax-Exempt Fund (VWLTX) management has been with Vanguard Long-Term Tax-Exempt Fund for only 0.6 years, it is hard to judge manager's ability based on this fund's operation record
Vanguard Long-Term Tax-Exempt Fund (VWLTX) has a less-than-ideal short-term performance (1-year return 10.02% vs 12.81% Muni National Long category average)

See Vanguard Long-Term Tax-Exempt Fund (VWLTX) performance details as of January 31, 2010

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Vanguard Long-Term Tax-Exempt Fund (VWLTX) Net Asset

Track net asset change of Vanguard Long-Term Tax-Exempt fund (VWLTX)

Date	Net Asset
01/2010	$1.73B
11/2009	$1.75B
10/2009	$1.77B

More historic net asset information on Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Vanguard Long-Term Tax-Exempt Fund (VWLTX) Portfolio Allocation

Track portfolio allocation change of Vanguard Long-Term Tax-Exempt fund (VWLTX)

Date	Cash	Stock	Bond	Other
09/2009	1.62%	0%	98.38%	0%
07/2009	1.21%	0%	98.79%	0%
06/2009	1.16%	0%	98.84%	0%

Click here to see more historic asset allocation information on Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Most Recent Top 10 Holdings in Vanguard Long-Term Tax-Exempt Fund (VWLTX)

Discover what Vanguard Long-Term Tax-Exempt Fund (VWLTX) manager is buying

30-Sep-09

CMT MUNICIPAL RATE 4.01% [1.58%]
Louisville & Jefferson Cnty Ky Rev Bd 6% [0.7%]
Univ Calif Revs General R 4.5% [0.64%]
California St Go Bds 6.5% [0.61%]
New Jersey St Transn Tr Fd Aut Tran 5.5% [0.59%]
Puerto Rico Pub Fin Corp Commonwea 5.25% [0.55%]
Chicago Ill Pub Bldg Commn Bld Bldg 7% [0.48%]
Michigan St Trunk Line Ref Bds 5% [0.48%]
Grossmont Calif Healthcare Dis Go Bds 5% [0.47%]
Texas Mun Pwr Agy Rev Ref Rev B [0.46%]

31-Jul-09

CMT MUNICIPAL RATE 4.01% [1.69%]
Louisville & Jefferson Cnty Ky Rev Bd 6% [0.77%]
California St Go Bds 6.5% [0.63%]
Univ Calif Revs General R 4.5% [0.62%]
Puerto Rico Pub Fin Corp Commonwea 5.25% [0.58%]
New Jersey St Transn Tr Fd Aut Tran 5.5% [0.58%]
Michigan St Trunk Line Ref Bds 5% [0.52%]
Chicago Ill Pub Bldg Commn Bld Bldg 7% [0.52%]
St Cloud Minn Health Care Rev Rev 5.75% [0.51%]
Texas Mun Pwr Agy Rev Ref Rev B [0.49%]

30-Jun-09

CMT MUNICIPAL RATE 4.01% [2.49%]
Louisville & Jefferson Cnty Ky Rev Bd 6% [0.82%]
Connecticut St P-Floats- [0.68%]
CALIFORNIA ST GO BDS [0.65%]
Univ Calif Revs General R 4.5% [0.63%]
Metropolitan Transn Auth [0.62%]
Massachusetts St Wtr Res Auth 6.5% [0.61%]
Puerto Rico Pub Fin Corp Commonwea 5.25% [0.6%]
New Jersey St Transn Tr Fd Aut Tran 5.5% [0.6%]
St Cloud Minn Health Care Rev Rev 5.75% [0.59%]

Click here for Stock Holding Change Map in Vanguard Long-Term Tax-Exempt Fund (VWLTX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.