Vanguard Ultra-Short-Term Tax-Exempt Fund Investor Shares
VWSTX
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USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Jan 2, 1980
- CIK
- 0000225997
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Ultra-Short-Term Tax-Exempt Fund (VWSTX) seeks to provide current income that is exempt from federal personal income taxes with limited price volatility by investing primarily in high-quality, short-term municipal securities. The fund offers Investor Shares with a net expense ratio of 0.17%, a minimum initial investment of $3,000, and subsequent investments starting at $1, with availability limited to the United States. Its portfolio focuses on investment-grade municipal bonds, emphasizing short durations typically under one year, benchmarked against the Bloomberg 1 Year Municipal Bond Index, and includes significant state concentrations such as New York (13.9%) and Texas (10.0%). Operated within the municipal national short segment of the fixed income asset class, the fund targets tax-sensitive investors seeking stable, tax-exempt yields from short-term instruments like municipal notes and bonds rated in the highest categories. Vanguard Group Inc., headquartered at P.O. Box 2600, Valley Forge, Pennsylvania 19482, advises the fund, with Justin A. Schwartz serving as fund manager. Launched on September 1, 1977, the fund manages approximately $16.93 billion in net assets. Prior to February 27, 2023, the fund operated under the name Vanguard Short-Term Tax-Exempt Fund, reflecting a rebranding to better align with its ultra-short-term investment focus. While no fund-specific acquisitions, partnerships, or major funding rounds have been reported in the last 1-2 years, Vanguard as a firm expanded its tax-exempt offerings through launches including the Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) in November 2024 and the Vanguard Core Tax-Exempt Bond ETF (VCRM) around the same period. These developments underscore Vanguard's ongoing strategic emphasis on active and index-based municipal bond products amid evolving fixed income market dynamics.