VWIUX - Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares

Nasdaq - Nasdaq Delayed Price. Currency in USD

Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares

Vanguard Municipal Bond Funds

PO Box 2600 V26

Valley Forge PA 19482

800-662-7447
Management Information
James M. D'Arcy,Lead Manager since June 27, 2013
James M. D’Arcy, CFA, Portfolio Manager at Vanguard. He has worked in investment management since 1996, has managed investment portfolios since 1999, has been with Vanguard since 2011. Prior to this, James D'Arcy is a director and senior portfolio manager for Columbia Management focusing on tax-exempt and crossover short duration accounts. In addition, he manages two short-term funds and various short-term separate accounts and is responsible for developing tax-exempt strategies for Columbia Management’s tax-exempt liquidity strategies group. Mr. D'Arcy joined Columbia Management in 1999 and has been a member of the investment community since 1996. Prior to joining Columbia Management, Mr. D'Arcy worked on the fixed-income trading desk at Wells Capital Management. Mr. D'Arcy received his B.A. in economics from the University of Colorado at Boulder. He holds the Chartered Financial Analyst designation. In addition, he is a member of the CFA North Carolina Society and the National Federation of Municipal Analysts.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMuni National Interm
Fund FamilyVanguard
Net Assets69.5B
YTD Return5.57%
Yield2.75%
Morningstar Rating★★★★
Inception DateFeb 11, 2001

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover15.00%
Average for CategoryN/A

Fees & Expenses

ExpenseVWIUXCategory Average
Annual Report Expense Ratio (net)0.09%0.74%
Prospectus Net Expense Ratio0.09%N/A
Prospectus Gross Expense Ratio0.09%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.55%
Max Deferred Sales LoadN/A1.18%
3 Yr Expense Projection29N/A
5 Yr Expense Projection51N/A
10 Yr Expense Projection115N/A