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Vanguard MA Tax-Exempt (VMATX)

On Feb 9: 10.23 USD  Down 0.01 (0.10%)  
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Profile  As of 31-Jan-10 Get Profile for:
Vanguard MA Tax-Exempt
PO Box 2600 V26 Valley Forge PA 19482
Phone: 800-662-6237
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FUND OVERVIEW
Category: Muni Massachusetts
Fund Family: Vanguard
Net Assets: 948.66M
Year-to-Date Return: 0.24%
Yield: 3.92%
Morningstar Rating: 4 stars
Fund Inception Date: 09-Dec-98
MORNINGSTAR STYLE BOX
Muni Massachusetts
[View Category Definition]
View Top Muni Massachusetts Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION
Marlin G. Brown
Lead Manager since 28-Mar-08
Brown has been a portfolio manager with Vanguard Fixed Income Group since 1996. He has worked in investment management since 1986.
INVESTMENT INFORMATION
Min Initial Investment: $3,000
Min Initial Investment, IRA: NaN
Min Initial Investment, AIP: NaN
Min Subsequent Investment: $100
Min Subsequent Investment, IRA: N/A
Min Subsequent Investment, AIP: N/A
VMATX can be purchased from 9 brokerages.
FUND SUMMARY
The investment seeks income exempt from both federal and Massachusetts personal income taxes. The fund primarily invests at least 80% of assets in securities that are exempt from federal and Massachusetts taxes. It typically has an average maturity of between 10 and 25 years. The fund is nondiversified.
FUND OPERATIONS
Last Dividend (29-Jan-10): 0.03
Last Cap Gain (29-Dec-05): 0.01
Annual Holdings Turnover 15.00%
Average for Category: 18.77%
FEES & EXPENSES
Expense VMATX Category
Avg
Total Expense Ratio: 0.17% 1.07%
Max 12b1 Fee: % N/A
Max Front End Sales Load: % 4.11%
Max Deferred Sales Load: % 2.72%
3 Yr Expense Projection*: $55 $594
5 Yr Expense Projection*: $96 $851
10 Yr Expense Projection*: $217 $1,577
* Per $10,000 invested


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