Credit: Shutterstock photoVanguard High-Yield Tax-Exempt ( VWAHX ) a Zacks Ranked #1 (Strong Buy) was incepted in December 1978, VWAHX is managed by Vanguard Group. The objective of VWAHX is to seek maximum level of income exempt from federal income tax. VWAHX invests in medium-quality municipal bonds. VWAHX also invests in derivatives, including future and options contracts. Dividends are distributed every month and capital gains are distributed in December.
The Vanguard High-Yield Tax-Exempt, managed by Vanguard Group , carries an expense ratio of 0.19. Moreover, VWAHX requires a minimal initial investment of $3,000.
VWAHX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 3.16%, 3 year 3.52%, and 5 year 5.00%. To see how this fund performed compared in its category, please click here .
VWAHX's performance, as of the last filing, when compared to funds in its category was in the top 18% in 1 year, top 11% over the past 3 years, and in the 15% over the past 5 years.
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(We are reissuing this article to correct a mistake. The original article, issued on Jun 19, 2015, should no longer be relied upon.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
