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Vanguard Limited-term Tax-exempt Fund Admiral Shares (VMLUX)

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10.86 0.00 0%

01/11 - Closed. Currency in USD

Morningstar Rating:
Total Assets: 29.55B

Type: Fund

Market: United States

Issuer: Vanguard

Asset Class: Equity

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VMLUX Overview

On this page you'll find an in-depth profile of Vanguard Limited-term Tax-exempt Fund Admiral Shares. Learn about the key management, total assets, investment strategy and contact information of VMLUX among other information.

Investment Strategy

The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.

Contact Information

Address 100 Vanguard Boulevard
Malvern,PA 19355
United States

Phone +1 8776627447

Web www.vanguard.com

Top Executives

Name	Title	Since	Until
James M. D'Arcy	Portfolio Manager	2023	Now
Biography	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.
Adam M. Ferguson	Portfolio Manager	2017	Now
Biography	Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University.
Marlin G. Brown	Portfolio Manager	2008	2017
Biography	Marlin G. Brown, Portfolio Manager at Vanguard. He has worked in investment management for Vanguard since 1996, has managed investment portfolios since 2007, and has managed the Limited-Term Tax-Exempt Fund since 2008. Education: B.S., University of Virginia.
Pamela Wisehaupt Tynan	Principal	1996	2008
Biography	Pamela Wisehaupt Tynan, Principal of Vanguard. She has been with Vanguard since 1982; has managed investment portfolios, including the Tax-Exempt Money Market Fund, since 1988; and has managed the Short-Term Tax-Exempt Fund since 1996. Education: B.S., Temple University; M.B.A., Saint Joseph’s University.
Ian A. MacKinnon	-	1987	2003
Christopher M. Ryon	Managing Director	1988	1997
Biography	Chris is a fixed income portfolio manager at City Different with more than 30 years of industry experience. Previously, he was a portfolio manager and managed the municipal bond team at Thornburg Investment Management. Prior to that, Chris was a portfolio manager at Vanguard, where he was also responsible for the long-term municipal bond team. In his career, Chris has managed municipal bond portfolios all along the yield curve and across the credit spectrum (from investment grade to high yield). In his prior roles, he was instrumental in developing and executing inter market derivative strategies. Chris is a member of the University of New Mexico's Regent's Portfolio Investment Advisory Committee and a member of the New Mexico Museum Foundation investment committee. Chris served on the board of the MSRB (Municipal Securities Rulemaking Board). He has a Bachelor of Science degree in accounting from Villanova University and an MBA from Drexel University.

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