The High-Yield Tax-Exempt Fund’s yield, for example, declined 126 basis points over High Yield Municipal Bond High Yield Municipal Bond Funds and ETFs are mutual funds that focus on the high-yield or junk municipal sector of the fixed-income markets. Like MFS’ fund, it offers a low expense ratio, and better still, it … Vanguard High-Yield Corporate Investor (VWEHX, $5.94), another Kip 25 selection, is one of the best bond funds for retirement investors who … Dennis is a portfolio manager at Manulife Investment Management on the municipal bond team. View state-specific tax information related to certain Vanguard funds, such as the municipal bond funds. Its yield is a generous 2.3%, which, because income from municipal bonds is exempt from federal taxes, is the equivalent … Practice management news, reports, video and more. The Vanguard Intermediate-Term … Your personalized experience is almost ready. shares of Vanguard California Municipal Money Market Fund, the income reported on Form 1099-DIV, Box 11, is 100% exempt from California state income tax. It has an average duration of 6.2 years. The full list of high yield municipal bond mutual funds, together with one-, three, and five-year returns is available from Morningstar. Note that tax-exempt income from a state-specific municipal bond … https://mutualfunds.com/fund-company/vanguard/municipal-bond/. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWAHX’s performance objective and investment process is for both security selection and portfolio construction. The Northern High Yield Municipal Fund (NHYMX, $8.68) is one of the smaller municipal bond mutual funds out there. Please help us personalize your experience and select the one that best describes you. High-yield bonds generally have medium- and lower-range credit-quality ratings and are therefore subject to a higher level of credit risk than bonds with higher credit-quality ratings. BND has an expense ratio of 0.035% and holds more than 9,000 bonds. Portfolio management news, reports, video and more. To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. A large team of credit analysts seeks value, targeting municipal bond market inefficiencies in … Contents About Your Fund’s Expenses 1 The fund tracks a market-weighted index of high-yield, long-term and tax-exempt muni bonds, and it’s one of the few high-yield muni bond ETFs. Municipal bonds news, reports, video and more. The fund attempts to provide competitive returns with some riskier muni bonds while overall taking on less risk than the average high-yield muni fund. Vanguard High-Yield Tax-Exempt Fund Semiannual Report | April 30, 2020 Vanguard Municipal Bond Funds See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. USD | NAV as of Dec 18, 2020 | 1-Day Return as of Dec 18, 2020, 10:52 PM GMT+00:00. Vanguard High-Yield Tax-Exempt (): If you're looking for high yields and you want to minimize taxable income with a low-cost, no-load mutual fund, VWAHX may be the best fit for your needs.The portfolio consists of more than 2,000 municipal bonds, which are tax-free at the federal level. Learn more about mutual funds at fidelity.com. Vanguard provides services to the Vanguard … Compared with most strategies bearing a high-yield-muni label, Vanguard High-Yield Tax-Exempt Bond is quite conservative, so much so that it lands in the muni national long Morningstar Category rather than the high-yield muni category. Vanguard and the Fund’s Board have voluntarily agreed to temporarily limit certain net operating expenses in excess of the Fund’s daily yield so as to maintain a zero or positive yield for the Fund.Vanguard and the Fund’s Board may terminate the temporary expense limitation at any time. About this page + Vanguard Municipal Bond To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. Distribution rate: 4.9% … Congratulations on personalizing your experience. Capital appreciation is … The table below includes fund flow data for all U.S. listed Vanguard Municipal Bond ETFs. Fidelity Capital & Income (FAGIX): This fund is unique in the high-yield space in that it allocates a … But Vanguard offers the identical bond fund in ETF form, Vanguard Total Bond Market ETF. The People Pillar is our evaluation of the VWAHX management team’s experience and ability. Vanguard’s tax-exempt bond funds are broadly diversified and focused on high-quality securities. With municipal bond prices rising, the funds’ 30-day SEC yields declined. Dollars. This high-yield municipal bond fund sports a beta of just .08 compared to the S&P 500. Understand Vanguard's principles for investing success. Vanguard High-Yield Corporate Bond Fund (VWEHX) Vanguard's High-Yield Corporate Bond Fund takes on more risk than a typical bond mutual fund by investing in debt securities that are considered below investment grade. Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds. Which type of investor describes you best? Bond funds are subject to the risk that an issuer will fail to make payments on time and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. The $33.7 billion Intermediate-Term Tax-Exempt Fund, a municipal bond fund that is managed by Vanguard Fixed Income Group, was closed in February 2013. Terms of Service apply. The data that can be found in each tab includes historical performance, the different... Vanguard Intermediate-Term Tax-Exempt Fund, Vanguard California Intermediate Term Tax Exempt Fund, Trending: Top Three Micro-Cap Equity Funds, Mutual Funds Scorecard: December 9 Edition, Mutual Funds Scorecard: November 25 Edition, Mutual Funds Scorecard: November 11 Edition. VanguardHigh-Yield Corporate Fund Bond fund|Admiral™ Shares Fund facts Risk level Low High Total net assets Expense ratio as of 05/29/20 Ticker symbol Turnover rate as of 01/31/20 Inception date Fund number 12345 $23,557 MM 0.13 % VWEAX 28.3 % 11/12/01 0529 Investment objective Vanguard High-Yield Corporate Fund seeks to Only mutual … The Fund seeks to provide high current income that is exempt from federal income taxes and to preserve investors' principal. View more It … Each ticker and name links to more detailed data about each fund, including graphs, fund descriptions, details about the fund managers, and other valuable information. Learn from industry thought leaders and expert market participants. Check your email and confirm your subscription to complete your personalized experience. View less, To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. Learn How to Read a Morningstar Analyst Report. Vanguard High-Yield Tax-Exempt: Don't Call It Junk. Fund Flows in millions of U.S. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. The Vanguard High-Yield Tax-Exempt Fund Investor Shares is a municipal bond fund that seeks to provide a high, yet sustainable, level of income that is tax-exempt at the federal level. The contents of this form are subject to the MutualFunds.com The firm’s famously low fees allow Kiselak to manage the $16 billion Vanguard High-Yield Tax-Exempt fund (ticker: VWAHX) conservatively, without needing to stretch for yield by … A municipal or muni bond fund is a mutual or exchange-traded fund that owns debt securities issued by a state, municipality or county. Compared with most strategies bearing a high-yield-muni label, Vanguard High-Yield Tax-Exempt Bond is quite conservative, so much so that it lands in the muni national long … Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time … Sources: Vanguard and Morningstar, Inc., as of December 31, 2019. The data that can be found in each tab includes … Privacy Policy. Out of any investment management firm I know, Vanguard has … Unlock our full analysis with Morningstar Premium. This list highlights the best municipal bond funds of 2020, based on each fund outperforming the Bloomberg Barclays U.S. Municipal Bond Index over the last one-, three-, five- and 10-year periods. If you're already a Vanguard client: Call 800-888-3751. Each ticker and name links to more detailed data about each fund, including graphs, fund descriptions, details about the fund managers, and other valuable information. Vanguard High-Yield Corporate Fund (VWEHX) Expense ratio: 0.23% per year, or $23 on a $10,000 investment. Nuveen High Yield Municipal Bond Fund As of 30 Sep 2020 Fund description The Fund focuses on non-investment-grade and unrated municipal bonds with a weighted average maturity of more than 10 years. Vanguard Tax-Exempt Bond ETF (ticker: VTEB) Pfeffer says he likes VTEB for its high-credit offerings and very low cost, adding that Vanguard is one of the best issuers in the muni bond … ... Vanguard High-Yield Tax-Exempt Fund Investors Shares (VWAHX) The data that can be found in each tab includes historical performance, the different fees in each fund, the initial investment required, asset allocation, manager information, and much more. Results will vary for other time periods. Vanguard Short-Term Tax Exempt (VWSTX) For a taxable account, Fraundorf chooses the actively … The SEC Yield for VWAHX is 2.87 percent and the expense ratio is just 0.19 percent, or $19 for every … Relative to their benchmark indexes, results were mixed. Analyze the Fund Nuveen Short Duration High Yield Municipal Bond Fund Class A having Symbol NVHAX for type mutual-funds and perform research on other mutual funds. Terms and Conditions Privacy Policy Disclosures Member User Agreement Corrections Cookies, Credit Quality / Interest Rate Sensitivity, | 1-Day Return as of Dec 18, 2020, 10:52 PM GMT+00:00, Muni National Intermediate-Term Bond Funds. Monday through Friday 8 a.m. to 8 p.m., Eastern time Privacy Policy and shares of Vanguard California Municipal Money Market Fund, the income reported on Form 1099-DIV, Box 11, is 100% exempt from California state income tax. The Vanguard High-Yield Corporate Fund falls within Morningstar’s high-yield bond category. Dreyfus Municipal Bond Infrastructure Fund. Generally, munis are not subject to federal taxes. View mutual fund news, mutual fund market and mutual fund interest rates. Vanguard Short-Term Tax-Exempt Fund to 10.90% for Admiral Shares of Vanguard High-Yield Tax-Exempt Fund. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period. Each ticker and name links to more detailed data about each fund, including graphs, fund descriptions, details about the fund managers, and other valuable information. Schwab High Yield Municipal Bond Fund aims to generate interest income that is not subject to federal income tax by investing in municipal securities. Join other Institutional Investors receiving FREE personalized market updates and research. MainStay MacKay High Yield Muncipal Bond Fund Morningstar Risk-Adjusted Ratings: US Fund High Yield Muni Category - Class CShares Overall Rating 3 stars out of 176 funds, 3 Year 3 stars out of 176 funds, 5 Year 3 stars out of 151 funds, 10 Year 3 stars out of 98 funds. The Vanguard Wellesley Income Fund. Analyze the Fund Vanguard High-Yield Tax-Exempt Fund having Symbol VWAHX for type mutual-funds and perform research on other mutual funds. Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares. Fixed income news, reports, video and more. Enhance retirement outcomes with helpful tactics. VWAHX | A complete Vanguard High-Yield Tax-Exempt Fund;Investor mutual fund overview by MarketWatch. The Vanguard Wellesley Income Fund seeks to attain long … High Yield Municipal Bond High Yield Municipal Bond Funds and ETFs are mutual funds that focus on the high-yield or junk municipal sector of the fixed-income markets. The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating. It has a 1-year return rate of 16.19%, a 3-year return … Munis are issued by state and local governments in order to finance day-to-day activities or special projects. To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. “For active management of municipal bonds, those low prices are tough to beat,” he said. The remainder of the fund’s assets are in investment-grade issues. A collection of municipal bonds of varying maturities will yield in the neighborhood of 2%. The Vanguard Long-Term Bond ETF has high liquidity and trades over 242,895 shares per day. To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. Despite its name, this muni bond fund is keeping an eye on risk. Yet its winning combination of a well-structured process and rock-bottom fees make it a strong choice for investors who want a modest dose of credit risk, earning both share classes a Morningstar Analyst Rating upgrade to Gold from Silver. Vanguard High-Yield Corporate Investor (VWEHX, $5.94), another Kip 25 selection, is one of the best bond funds for retirement investors who are seeking higher levels of income without … Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. The data that can be found in each tab includes historical performance, the different... Source: Vanguard analysis of the Bloomberg Barclays U.S. Credit Bond Index as of April 30, 2020. The Nuveen High Yield Municipal Bond Fund (NHMRX) was established in 1999 and sought to provide investors with current income exempt from federal tax. Note that tax-exempt income from a state-specific municipal bond fund may Receive email updates about best performers, news, CE accredited webcasts and more. However, the fund attempts to … Vanguard High-Yield Tax-Exempt VWAHX ... Quote Fund Analysis Performance Risk Price Portfolio People ... Corporate Bond Funds ; High Yield Bond Funds ; Muni National Short-Term Bond … Receive latest news, trending tickers, top stocks increasing dividend this week and more. Retirement news, reports, video and more. The Vanguard High Yield Tax Exempt Fund falls within Morningstar’s muni national intermediate category. Learn more about mutual funds at fidelity.com. He joined the firm as a municipal bond analyst in 2016 and, prior to that, was a fixed-income trader at Capital Security Advisors. Vanguard High-Yield Corporate boasts a strong investment team, a cautious approach to high-yield investing, and low fees. How COVID-19 Is Affecting ESG Investments? VWAHX - Vanguard High-Yield Tax-Exempt Fund Family Name: Vanguard; Expense Ratio: 0.20%; ETFdb.com Category: National Munis; Benchmark Index Name: Barclays Capital 10-Year Municipal Bond Index; Benchmark Index Description: The index includes investment grade tax-exempt bonds with maturities between eight and twelve years. This list highlights the best municipal bond funds of 2020, based on each fund outperforming the Bloomberg Barclays U.S. Municipal Bond Index over the last one-, three-, five- and 10-year periods. Despite its name, this muni bond fund is keeping an eye on risk. Vanguard High-Yield Tax-Exempt Fund Semiannual Report | April 30, 2020 Vanguard Municipal Bond Funds See the inside front cover for important information about access to your fund’s annual and … This site is protected by reCAPTCHA and the Google © Copyright 2020 Morningstar, Inc. All rights reserved. The Parent Pillar is our rating of VWAHX’s parent organization’s priorities and whether they’re in line with investors’ interests. ©2020TheVanguardGroup,Inc.Allrightsreserved. footnote * For the 10-year period ended September 30, 2020, 68 of 81 Vanguard bond funds outperformed their Lipper peer-group averages. VWALX | A complete Vanguard High-Yield Tax-Exempt Fund;Admiral mutual fund overview by MarketWatch. Compare ETFs vs. mutual funds. The data that can be found in each tab includes historical performance, the different fees in each fund, the initial investment required, asset allocation, manager information, and much more. To find out detailed information on Vanguard Municipal Bond in the U.S., click the tabs in the table below. Join other Financial Advisors receiving FREE personalized market updates and research. Munis are issued by state and … Vanguard High-Yield Tax-Exempt: Don't Call It Junk. The data that can be found in each tab includes historical performance, the different fees in each fund, the initial investment required, asset allocation, manager information, and much more. Get our overall rating based on a fundamental assessment of the pillars below. Vanguard Tax-Exempt Bond ETF (VTEB) charges a fee of 0.06%, and iShares Short-Term National Muni Bond ETF (SUB) and iShares National Muni Bond ETF (MUB) charge an annual fee of 0.07%. Get the lastest fund and ETF news in your inbox each week. Assets by state for the Vanguard Municipal Bond Funds and Vanguard Tax-Managed Balanced Fund View the percentage of assets in these funds that were invested in each state or U.S. territory. High-Yield Tax-Exempt Fund Tax-Managed Balanced Fund Tax-Exempt Bond Index Fund Alabama 0.78% 1.03% 0.94% 0.56% 1.42% 1.13% 0.53% 0.77% Growth in the BBB portion of the investment-grade market became a talking point even before the COVID-19 pandemic, given the increase in issuers that stood just a notch above high-yield status. Morningstar says the fund looks conservative compared with other funds pursuing a … The $16.1 billion High-Yield Corporate Fund, which is managed by Wellington Management Company LLP, was closed in May 2012. View less. The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. Join other Individual Investors receiving FREE personalized market updates and research. The table below includes fund flow data for all U.S. listed Vanguard Municipal Bond ETFs. You can unsubscribe at any time. 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