Vanguard Limited-Term Tax-Exempt Fund

Vanguard Limited-Term Tax-Exempt Fund (the “Fund”) seeks to provide current income that is exempt from federal personal income taxes, with limited price volatility.

$10.89

Key Metrics

TER 0.09% per year
Distribution policy Distributing
Fund size USD 35,297 M
Inception date February 12, 2001
Holdings 7,372
Fund currency USD
Fund domicile US
Provider Vanguard
For full official fund details, factsheets, and holdings, visit investor.vanguard.com (opens in new tab).

Compare similar ETFs

Fund Size
Dividend
Fees
Current
Limited-Term Tax-Exempt Fund VMLUX
Fund Size
$35.7B
Dividend
3.2%
Fees
0.09%

Historical Return

Last updated: Nov 01, 2026
1 Year +1.8% +3.2% Div
3 Years (avg.) +0.6% +3.2% Div
5 Years (avg.) +0.4% +3.2% Div

Risk & Analysis Metrics

Last updated: Nov 01, 2026

Volatility

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Max Drawdown

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Sharpe Ratio

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Distributions

*by ETF Portfolio Weight Last updated: Nov 01, 2026

Profit Margin Distribution

< 0%
0%
1y 3y N/A N/A
0 - 5%
0%
1y 3y N/A N/A
5 - 10%
0%
1y 3y N/A N/A
10 - 15%
0%
1y 3y N/A N/A
15 - 20%
0%
1y 3y N/A N/A
20 - 30%
0%
1y 3y N/A N/A
30 - 40%
6%
1y 3y N/A N/A
> 40%
94%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
7%
1y 3y N/A N/A
0 - 10
0%
1y 3y N/A N/A
10 - 15
87%
1y 3y N/A N/A
15 - 20
6%
1y 3y N/A N/A
20 - 25
0%
1y 3y N/A N/A
25 - 35
0%
1y 3y N/A N/A
35 - 50
0%
1y 3y N/A N/A
> 50
0%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
0.0%
1y 3y N/A N/A
Small Cap
13.1%
1y 3y N/A N/A
Mid Cap
86.9%
1y 3y N/A N/A
Large Cap
0.0%
1y 3y N/A N/A
Mega Cap
0.0%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Nov 01, 2026
95.2% Top 5 Holdings
100.0% Top 10 Holdings
100.0% Top 50 Holdings
100.0% Top 100 Holdings
Top 5 Companies
NVG Nuveen AMT-Free Municipal Credit Income Fund
35.7%
NEA Nuveen AMT-Free Quality Municipal Income Fund
31.0%
NVG Nuveen AMT-Free Municipal Credit Income Fund
15.4%
NRK Nuveen New York AMT-Free Quality Municipal Income Fund
6.9%
NKX Nuveen California AMT-Free Quality Municipal Income Fund
6.2%

Latest News

No news available for this ETF yet.

Countries

United States 98.9%
Puerto Rico 0.9%
Guam 0.1%
Virgin Islands 0.1%
American Samoa 0.0%

Stock Screener

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4 companies
$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%
Market Cap
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

Nuveen AMT-Free Municipal Credit Income Fund

NVG

Nuveen AMT-Free Municipal Credit Income Fund

NVG
Market Cap $2.46B
P/E Ratio 12.7
Dividends 8.3%
Total Investment $127.7M
Weight 0.36%

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Nuveen AMT-Free Quality Municipal Income Fund

NEA

Nuveen AMT-Free Quality Municipal Income Fund

NEA
Market Cap $3.17B
P/E Ratio 13.6
Dividends 7.8%
Total Investment $110.74M
Weight 0.31%

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Nuveen AMT-Free Municipal Credit Income Fund

NVG

Nuveen AMT-Free Municipal Credit Income Fund

NVG
Market Cap $2.46B
P/E Ratio 12.7
Dividends 8.3%
Total Investment $55.06M
Weight 0.16%

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Nuveen New York AMT-Free Quality Municipal Income Fund

NRK

Nuveen New York AMT-Free Quality Municipal Income Fund

NRK
Market Cap $845.31M
P/E Ratio -11.0
Dividends 8.4%
Total Investment $24.6M
Weight 0.07%

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Nuveen California AMT-Free Quality Municipal Income Fund

NKX

Nuveen California AMT-Free Quality Municipal Income Fund

NKX
Market Cap $633.74M
P/E Ratio 17.9
Dividends 7.9%
Total Investment $22.2M
Weight 0.06%

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Nuveen AMT-Free Quality Municipal Income Fund

NEA

Nuveen AMT-Free Quality Municipal Income Fund

NEA
Market Cap $3.17B
P/E Ratio 13.6
Dividends 7.8%
Total Investment $13.7M
Weight 0.04%

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Nuveen AMT-Free Quality Municipal Income Fund

NEA

Nuveen AMT-Free Quality Municipal Income Fund

NEA
Market Cap $3.17B
P/E Ratio 13.6
Dividends 7.8%
Total Investment $3.5M
Weight 0.01%

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