VMLTX - Vanguard Limited-Term Tax-Exempt Fund

Nasdaq - Nasdaq Delayed Price. Currency in USD
10.91
+0.04 (+0.37%)
At close: 8:00PM EDT
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Previous Close10.87
YTD Return-0.55%
Expense Ratio (net)0.17%
CategoryMuni National Short
Last Cap Gain0.00
Morningstar Rating★★★★
Morningstar Risk RatingAverage
Sustainability RatingN/A
Net Assets28.77B
Beta (5Y Monthly)0.42
Yield1.86%
5y Average ReturnN/A
Holdings Turnover28.00%
Last Dividend0.00
Average for CategoryN/A
Inception DateAug 30, 1987
  • The 7 Best Bond Funds for Retirement Savers in 2020
    Kiplinger

    The 7 Best Bond Funds for Retirement Savers in 2020

    Investors in even the best bond funds that Wall Street has to offer might be in for a difficult 2020.Much of the bond market, in my view, is in a bubble - just as tech stocks were in 1999. And bubbles always end badly.Consider that in November 2019, $12.5 trillion was invested globally in bonds that have negative yields. That's down from a peak of $17 trillion in August, but that's still an absurd amount of money invested globally in bonds that have negative yields. That means investors are paying interest to a borrower to lend the borrower money -- which is just as crazy as it sounds. Carl Weinberg, chief economist at High Frequency Economics, notes that a bond with a negative yield is worth less than "a bag of dirt in your basement."What's more, at various points recently, long-term bonds have been paying lower yields to investors than short-term bonds - a phenomenon known as a negative yield curve, which is typically predictive of a recession sometime down the road.The lesson is to keep bond maturities short. With bond yields so low, they almost have to rise unless we're entering a period of serious deflation, which seems a remote possibility. And when bond yields rise, total returns on shorter-duration funds will sparkle compared to likely losses on long-term bond funds.Here are my seven best bond funds to buy for 2020, from least to most risky. Bonds are primarily intended to add stability and a bit of income to your portfolio - not to take big risks in search of huge profits. For bonds, 2020 likely will be a year to be concerned not so much with return on capital but with return of capital. SEE ALSO: The 30 Best Mutual Funds in 401(k) Retirement Plans

  • 33 Ways to Get Higher Yields
    Kiplinger

    33 Ways to Get Higher Yields

    For more than a decade, income investors have been plagued by paucity wrapped in misery. The bellwether 10-year Treasury note has doled out an average 2.6% interest since 2008. Although the Federal Reserve has nudged its target interest rate range to 2.25% to 2.50%, it has signaled that it's done raising rates for now.Even worse, the yield on the 10-year T-note briefly sank below the yield on the three-month T-bill--an unusual inversion that can sometimes herald a recession and lower yields ahead. The takeaway: Locking your money up for longer periods is rarely worth the negligible increase in yield. What could increase your yield these days? Being a little more adventurous when it comes to credit quality. When you're a bond investor, you're also a lender, and borrowers with questionable credit must pay higher yields. Similarly, stocks with above-average yields probably have some skeletons in their balance sheets. You can ameliorate credit risk--but not eliminate it--through diversification. Invest in a mutual fund, say, rather than a single issue. And invest in several different types of high-yielding investments--for example, investment-grade bonds, preferred stocks and real estate investment trusts--rather than just one category.Despite such caveats, income investing is not as bad as it was in 2015, when it was hard to milk even a penny's interest out of a money market. Now you can get 3.3% or more from no-risk certificates of deposit at a bank. We'll show you 33 ways to find the best yields for the risk you're willing to take, ranging from 2% all the way up to 12%. Just remember that the higher the payout, the greater the potential for some rough waters. SEE ALSO: 20 of Wall Street's Newest Dividend Stocks