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Vanguard High-Yield Tax-Exempt Adm (VWALX)

On Feb 9: 10.37 USD  Down 0.01 (0.10%)  
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Profile  As of 31-Jan-10 Get Profile for:
Vanguard High-Yield Tax-Exempt Adm
PO Box 2600 V26 Valley Forge PA 19482
Phone: 800-662-6273
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FUND OVERVIEW
Category: Muni National Interm
Fund Family: Vanguard
Net Assets: 4.58B
Year-to-Date Return: 0.69%
Yield: 4.71%
Morningstar Rating: 4 stars
Fund Inception Date: 12-Nov-01
MORNINGSTAR STYLE BOX
Muni National Interm
[View Category Definition]
View Top Muni National Interm Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION
Christopher W. Alwine
Lead Manager since 31-Jul-09
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.
INVESTMENT INFORMATION
Min Initial Investment: $100,000
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
VWALX can be purchased from 9 brokerages.
FUND SUMMARY
The investment seeks high and sustainable current income exempt from federal income tax. The fund usually invests at least 80% of assets in investment-grade municipal bonds, with ratings of Baa or higher or BBB or higher. It invests up to 20% of assets in bonds that are rated less than Baa or BBB or are unrated.
FUND OPERATIONS
Last Dividend (29-Jan-10): 0.04
Last Cap Gain N/A
Annual Holdings Turnover 23.00%
Average for Category: 37.44%
FEES & EXPENSES
Expense VWALX Category
Avg
Total Expense Ratio: 0.12% 0.90%
Max 12b1 Fee: % N/A
Max Front End Sales Load: % 3.50%
Max Deferred Sales Load: % 2.34%
3 Yr Expense Projection*: $39 $460
5 Yr Expense Projection*: $68 $693
10 Yr Expense Projection*: $154 $1,357
* Per $10,000 invested


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