Summary
Vanguard Long-Term 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: 4,238. The ten largest make up 7.0% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $17.9B
- Positions
- 4,238
- Dividend yield
- 3.66%
- 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 7.0% of the fund.
- A large fund with $17.9B 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
- +1.9%
- 3 months
- -3.0%
- This year
- -4.4%
- 1 year
- -5.0%
- 3 years
- +3.6%
- 5 years
- -14%
- 10 years
- -13%
What is inside?
Widely spread- 1 Vanguard Municipal Low Duration Fund 12/31/2049 4.5%
- 2 US Dollar 0.4%
- 3 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.33% 07/01/2040 0.3%
- 4 California Community Choice Financing Authority 5.50% 05/01/2054 0.3%
- 5 Black Belt Energy Gas District 5.25% 06/01/2036 0.3%
- 6 Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.25% 05/15/2064 0.3%
- 7 Salt River Project Agricultural Improvement & Power District 5.25% 01/01/2055 0.2%
- 8 New York City Transitional Finance Authority Future Tax Secured Revenue 5.25% 02/01/2053 0.2%
- 9 Chicago Board of Education 6.25% 12/01/2050 0.2%
- 10 Black Belt Energy Gas District 5.00% 05/01/2055 0.2%
Positions in the fund: 4,238. The ten largest make up 7.0% of it.
Composition as of Oct 24, 2026.
Where is it spread?
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
- -1.3%
- Deepest drop
- -19%
- Yearly volatility
- 3.9%
Average yearly decline over the last ten years: 1.3%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.66%
- Payments a year
- 12
- Last payment
- $0.04
Over the last 12 months it paid $0.38 per share, which is 3.66% of today's price. The last payment was $0.04 on Sep 30, 2026.