Summary
Vanguard High-Yield Tax-Exempt Fund Admiral Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 3,510. The ten largest make up 7.4% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $16.4B
- Positions
- 3,510
- Dividend yield
- 4.05%
- Running since
- 2001
What speaks for it
- Costs of 0.09% a year are below the middle of comparable funds (0.27%).
- Widely spread: the ten largest positions make up only 7.4% of the fund.
- A large fund with $16.4B under management.
- It has been running since 2001.
What to watch
Nothing here calls for caution.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.4%
- 3 months
- -3.3%
- This year
- -4.4%
- 1 year
- -5.0%
- 3 years
- +4.7%
- 5 years
- -15%
- 10 years
- -11%
What is inside?
Widely spread- 1 Vanguard Municipal Low Duration Fund 12/31/2049 4.0%
- 2 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.33% 07/01/2040 0.5%
- 3 Public Finance Authority 6.50% 12/31/2065 0.5%
- 4 Buckeye Tobacco Settlement Financing Authority 5.00% 06/01/2055 0.5%
- 5 Public Finance Authority 6.50% 06/30/2060 0.4%
- 6 Louisiana Public Facilities Authority 5.75% 09/01/2064 0.3%
- 7 New York Transportation Development Corp 5.50% 06/30/2060 0.3%
- 8 County of Jefferson AL Sewer Revenue 5.50% 10/01/2053 0.3%
- 9 Lower Alabama Gas District/The 5.00% 12/01/2033 0.3%
- 10 Chicago Board of Education 6.25% 12/01/2050 0.3%
Positions in the fund: 3,510. The ten largest make up 7.4% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Technology 0.02%
- Financials 0.01%
- Other 100%
Largest sector: Technology (0.0%).
What does it cost me?
Cheap- A year from $10,000
- $9.00
- Over 20 years
- $451
From every $10,000 invested the fund takes $9.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $451.
How has it done?
Losing value- A year on average, 10 years
- -1.2%
- Deepest drop
- -21%
- Yearly volatility
- 3.9%
Average yearly decline over the last ten years: 1.2%. Deepest drop in these years: 21% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 4.05%
- Payments a year
- 12
- Last payment
- $0.04
Over the last 12 months it paid $0.41 per share, which is 4.05% of today's price. The last payment was $0.04 on Sep 30, 2026.