Summary
Vanguard Ultra-Short-Term Tax-Exempt Fund Investor 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: 3,717. The ten largest make up 8.9% of the fund.
- Yearly costs
- 0.17%
- Fund size
- $18.5B
- Positions
- 3,717
- Dividend yield
- 2.80%
- Running since
- 1977
What speaks for it
- Costs of 0.17% a year are below the middle of comparable funds (0.27%).
- Widely spread: the ten largest positions make up only 8.9% of the fund.
- A large fund with $18.5B under management.
- It has been running since 1977.
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
- +0.8%
- 3 months
- -0.3%
- This year
- -0.7%
- 1 year
- -0.7%
- 3 years
- +1.7%
- 5 years
- -0.8%
- 10 years
- -0.2%
What is inside?
Widely spread- 1 Vanguard Municipal Low Duration Fund 12/31/2049 1.6%
- 2 Nuveen AMT-Free Quality Municipal Income Fund 4.04% 06/01/2040 1.2%
- 3 California Community Choice Financing Authority 5.50% 05/01/2054 1.1%
- 4 Kentucky Public Energy Authority 5.25% 06/01/2055 1.0%
- 5 School District of Philadelphia/The 5.00% 06/30/2027 0.8%
- 6 California Statewide Communities Development Authority 5.00% 10/01/2028 0.7%
- 7 Main Street Natural Gas Inc 4.00% 05/01/2052 0.7%
- 8 Minnesota Municipal Gas Agency 4.00% 12/01/2052 0.6%
- 9 Nuveen AMT-Free Quality Municipal Income Fund 4.38% 03/01/2029 0.6%
- 10 Nuveen AMT-Free Municipal Credit Income Fund 4.38% 12/01/2031 0.6%
Positions in the fund: 3,717. The ten largest make up 8.9% of it.
Composition as of Oct 24, 2026.
Where is it spread?
What does it cost me?
Cheap- A year from $10,000
- $17.00
- Over 20 years
- $846
From every $10,000 invested the fund takes $17.00 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 $846.
How has it done?
Losing value- A year on average, 10 years
- 0.0%
- Deepest drop
- -3.3%
- Yearly volatility
- 0.9%
Average yearly decline over the last ten years: 0.0%. Deepest drop in these years: 3.3% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.80%
- Payments a year
- 12
- Last payment
- $0.04
Over the last 12 months it paid $0.44 per share, which is 2.80% of today's price. The last payment was $0.04 on Sep 30, 2026.