Vanguard Long-Term Tax-Exempt Adm
PO Box 2600 V26 Valley Forge PA 19482
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Phone: 800-997-2798
| Category: | Muni National Long | | Fund Family: | Vanguard | | Net Assets: | 2.18B | | Year-to-Date Return: | -5.40% | | Yield: | 5.00% | | Morningstar Rating: |  | | Fund Inception Date: | 12-Feb-01 |
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Reid Smith
Lead Manager since
31-Dec-07 | | | Smith is a portfolio manager with the Vanguard Group, his employer since May 1992. Prior to joining the firm, he managed portfolios for Van Kampen Merritt for one year and for Hawaiian Trust Company for five years. Smith is a member of both the Association for Investment Mgmt. and Research and the Investment Analysts Society of Philadelphia. Smith holds a Chartered Financial Analyst designation and Certified Financial Planner. |
| Min Initial Investment: | $100,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $100,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks to provide a high and sustainable level of current income that is exempt from federal personal income taxes. The 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. The fund may invest the remaining 5% of assets in securities with lower credit ratings or that are unrated. |
| Last Dividend
(31-Oct-08):
| 0.04 | | Last Cap Gain
(29-Dec-05):
| 0.04 | | Annual Holdings Turnover
| 13.00% | | Average for Category:
| 47.77% |
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| Expense | VWLUX | Category
Avg | | Total Expense Ratio: | 0.08%
| 1.08% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.33% | | Max Deferred Sales Load: | 0.00%
| 2.66% | | 3 Yr Expense Projection*: |
$26 | $557 | | 5 Yr Expense Projection*: |
$45 | $803 | | 10 Yr Expense Projection*: |
$103 | $1,501 |
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0.31% Nasdaq 0.00%
0.06 (0.58%) 
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