VWLTX | VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES

Basic Info 10.85 0.01(0.09%)
May 13

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES started on 01/30/1980

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES is classified as asset class Muni National Long

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES expense ratio is 0.17%

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES rating is

(73%)

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) Dividend Info

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) dividend growth in the last 12 months is 10.76%

The trailing 12-month yield of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES is 3.25%. its dividend history:

Date	Dividend
04/30/2024	0.0306
03/28/2024	0.03
02/29/2024	0.0303
01/31/2024	0.0295
12/29/2023	0.0297
11/30/2023	0.0297
10/31/2023	0.0292
09/29/2023	0.029
08/31/2023	0.0285
07/31/2023	0.0282
06/30/2023	0.0284
05/31/2023	0.0278
04/28/2023	0.0278
03/31/2023	0.0274
02/28/2023	0.0279
01/31/2023	0.0266
12/30/2022	0.0267
11/30/2022	0.0266
10/31/2022	0.0263
09/30/2022	0.026
08/31/2022	0.0255
07/29/2022	0.0252
06/30/2022	0.0256
05/31/2022	0.0252
04/29/2022	0.0253
03/31/2022	0.025
02/28/2022	0.0258
01/31/2022	0.0244
12/31/2021	0.025
12/29/2021	0.0639
11/30/2021	0.0256
10/29/2021	0.0252
09/30/2021	0.0256
08/31/2021	0.0254
07/30/2021	0.0256
06/30/2021	0.026
05/28/2021	0.0259
04/30/2021	0.0262
03/31/2021	0.0257
02/26/2021	0.0268
01/29/2021	0.0262
12/31/2020	0.027
12/29/2020	0.057
11/30/2020	0.0274
10/30/2020	0.0273
09/30/2020	0.0276
08/31/2020	0.0275
07/31/2020	0.0283
06/30/2020	0.028
05/29/2020	0.0292
04/30/2020	0.0296
03/31/2020	0.031
02/28/2020	0.028
01/31/2020	0.0297
12/31/2019	0.03
12/20/2019	0.052
11/29/2019	0.0293
10/31/2019	0.0306
09/30/2019	0.0298
08/30/2019	0.0309
07/31/2019	0.0315
06/28/2019	0.0307
05/31/2019	0.0322
04/30/2019	0.0317
03/29/2019	0.0327
02/28/2019	0.0298
01/31/2019	0.0332
12/31/2018	0.0334
12/14/2018	0.006
11/30/2018	0.0323
10/31/2018	0.0334
09/28/2018	0.0322
08/31/2018	0.0333
07/31/2018	0.0333
06/29/2018	0.0322
05/31/2018	0.0334
04/30/2018	0.0322
03/29/2018	0.0331
02/28/2018	0.0302
01/31/2018	0.0335
12/29/2017	0.0346
12/13/2017	0.031
11/30/2017	0.0323
10/31/2017	0.0335
09/29/2017	0.0326
08/31/2017	0.0336
07/31/2017	0.034
06/30/2017	0.0332
05/31/2017	0.0344
04/28/2017	0.0334
03/31/2017	0.035
02/28/2017	0.031
01/31/2017	0.034
12/30/2016	0.035
12/23/2016	0.038
11/30/2016	0.033
10/31/2016	0.035
09/30/2016	0.034
08/31/2016	0.035
07/29/2016	0.035
06/30/2016	0.034
05/31/2016	0.035
04/29/2016	0.034
03/31/2016	0.035
02/29/2016	0.033
01/29/2016	0.036
12/31/2015	0.036
12/24/2015	0.016
11/30/2015	0.035
10/30/2015	0.035
09/30/2015	0.035
08/31/2015	0.037
07/31/2015	0.037
06/30/2015	0.036
05/29/2015	0.037
04/30/2015	0.036
03/31/2015	0.037
02/27/2015	0.033
01/30/2015	0.037
12/31/2014	0.037
12/26/2014	0.027
11/28/2014	0.035
10/31/2014	0.036
09/30/2014	0.036
08/29/2014	0.037
07/31/2014	0.037
06/30/2014	0.036
05/30/2014	0.038
04/30/2014	0.038
03/31/2014	0.039
02/28/2014	0.036
01/31/2014	0.04
12/31/2013	0.039
11/29/2013	0.038
10/31/2013	0.038
09/30/2013	0.037
08/30/2013	0.038
07/31/2013	0.038
06/28/2013	0.036
05/31/2013	0.038
04/30/2013	0.037
03/28/2013	0.038
02/28/2013	0.034
01/31/2013	0.037
12/31/2012	0.037
11/30/2012	0.035
10/31/2012	0.036
09/28/2012	0.035
08/31/2012	0.036
07/31/2012	0.036
06/29/2012	0.036
05/31/2012	0.038
04/30/2012	0.036
03/30/2012	0.037
02/29/2012	0.035
01/31/2012	0.038
12/30/2011	0.038
11/30/2011	0.037
10/31/2011	0.038
09/30/2011	0.037
08/31/2011	0.039
07/29/2011	0.039
06/30/2011	0.038
05/31/2011	0.04
04/29/2011	0.039
03/31/2011	0.041
02/28/2011	0.037
01/31/2011	0.041
12/31/2010	0.041
11/30/2010	0.038
10/29/2010	0.039
09/30/2010	0.038
08/31/2010	0.04
07/30/2010	0.04
06/30/2010	0.039
05/28/2010	0.041
03/31/2010	0.041
02/26/2010	0.037
01/29/2010	0.041
12/31/2009	0.041
11/30/2009	0.04
10/30/2009	0.041
09/30/2009	0.04
08/31/2009	0.042
07/31/2009	0.042
06/30/2009	0.04
05/29/2009	0.041
04/30/2009	0.04
03/31/2009	0.041
02/27/2009	0.037
01/30/2009	0.041
12/31/2008	0.042
11/28/2008	0.04
10/31/2008	0.041
09/30/2008	0.041
08/29/2008	0.042
07/31/2008	0.042
06/30/2008	0.041
05/30/2008	0.042
04/30/2008	0.04
03/31/2008	0.042
02/29/2008	0.04
01/31/2008	0.042
12/31/2007	0.042
11/30/2007	0.041
10/31/2007	0.043
09/28/2007	0.042
08/31/2007	0.043
07/31/2007	0.043
06/29/2007	0.042
05/31/2007	0.043
04/30/2007	0.042
03/30/2007	0.044
02/28/2007	0.04
01/31/2007	0.044
12/29/2006	0.044
11/30/2006	0.042
10/31/2006	0.044
09/29/2006	0.042
08/31/2006	0.044
07/31/2006	0.044
06/30/2006	0.043
05/31/2006	0.044
04/28/2006	0.042
03/31/2006	0.044
02/28/2006	0.04
01/31/2006	0.044
12/30/2005	0.044
12/29/2005	0.043
11/30/2005	0.042
10/31/2005	0.043
09/30/2005	0.042
08/31/2005	0.043
07/29/2005	0.043
06/30/2005	0.043
05/31/2005	0.044
04/29/2005	0.043
03/31/2005	0.043
02/28/2005	0.039
01/31/2005	0.043
12/31/2004	0.044
11/30/2004	0.043
10/29/2004	0.045
09/30/2004	0.043
08/31/2004	0.044
07/30/2004	0.044
06/30/2004	0.043
05/28/2004	0.044
04/30/2004	0.043
03/31/2004	0.044
02/27/2004	0.041
01/30/2004	0.044
12/31/2003	0.045
11/28/2003	0.043
10/31/2003	0.044
09/30/2003	0.042
08/29/2003	0.044
07/31/2003	0.044
06/30/2003	0.043
05/30/2003	0.043
04/30/2003	0.044
03/31/2003	0.045
02/28/2003	0.041
01/31/2003	0.045
12/31/2002	0.097
11/29/2002	0.043
10/31/2002	0.044
09/30/2002	0.043
08/30/2002	0.051
07/31/2002	0.045
06/28/2002	0.044
05/31/2002	0.036
04/30/2002	0.035
03/28/2002	0.047
02/28/2002	0.042
01/31/2002	0.047
12/31/2001	0.077
11/30/2001	0.045
10/31/2001	0.047
09/28/2001	0.046
08/31/2001	0.047
07/31/2001	0.048
06/29/2001	0.046
05/31/2001	0.048
04/30/2001	0.046
03/30/2001	0.048
02/28/2001	0.043
01/31/2001	0.048
12/29/2000	0.048
11/30/2000	0.047
10/31/2000	0.048
09/29/2000	0.047
08/31/2000	0.048
07/31/2000	0.048
06/30/2000	0.047
05/31/2000	0.049
04/28/2000	0.047
03/31/2000	0.048
02/29/2000	0.046
01/31/2000	0.049
12/31/1999	0.049
11/30/1999	0.047
10/29/1999	0.048
09/30/1999	0.046
08/31/1999	0.048
07/30/1999	0.048
05/28/1999	0.048
04/30/1999	0.046
03/31/1999	0.048
02/26/1999	0.043
01/29/1999	0.048
12/31/1998	0.164
11/30/1998	0.047
10/30/1998	0.048
09/30/1998	0.047
08/31/1998	0.049
07/31/1998	0.05
06/30/1998	0.048
05/29/1998	0.05
04/30/1998	0.048
03/31/1998	0.049
02/27/1998	0.044
01/30/1998	0.049
12/31/1997	0.108
11/28/1997	0.048
10/31/1997	0.05
09/30/1997	0.049
08/29/1997	0.05
07/31/1997	0.049
06/30/1997	0.049
05/30/1997	0.05
04/30/1997	0.049
03/31/1997	0.05
02/28/1997	0.045
01/31/1997	0.05
12/31/1996	0.074
11/29/1996	0.048
10/31/1996	0.049
09/30/1996	0.047
08/30/1996	0.049
07/31/1996	0.049
06/28/1996	0.048
05/31/1996	0.05
04/30/1996	0.048
03/29/1996	0.05
02/29/1996	0.047
01/31/1996	0.05
12/29/1995	0.051
11/30/1995	0.049
10/31/1995	0.051
09/29/1995	0.049
08/31/1995	0.051
07/31/1995	0.05
06/30/1995	0.048
05/31/1995	0.05
04/28/1995	0.049
03/31/1995	0.051
02/28/1995	0.046
01/31/1995	0.052
12/30/1994	0.053
11/30/1994	0.051
10/31/1994	0.053
09/30/1994	0.053
08/31/1994	0.051
07/29/1994	0.051
06/30/1994	0.05
05/31/1994	0.05
04/29/1994	0.051
03/31/1994	0.05
02/28/1994	0.049
01/31/1994	0.05
12/31/1993	0.051
11/30/1993	0.052
10/29/1993	0.052
09/30/1993	0.052
08/31/1993	0.052
07/30/1993	0.052
06/30/1993	0.052
05/28/1993	0.052
04/30/1993	0.051
03/31/1993	0.05
02/26/1993	0.052
01/29/1993	0.054
12/31/1992	0.054
11/30/1992	0.056
10/30/1992	0.057
09/30/1992	0.057
08/31/1992	0.056
07/31/1992	0.056
06/30/1992	0.056
05/29/1992	0.059
04/30/1992	0.058
03/31/1992	0.058
02/28/1992	0.057
01/31/1992	0.061
12/31/1991	0.062
11/29/1991	0.063
10/31/1991	0.063
09/30/1991	0.063
08/30/1991	0.063
07/31/1991	0.064
06/28/1991	0.061
05/31/1991	0.06
04/30/1991	0.06
03/28/1991	0.059
02/28/1991	0.058
01/31/1991	0.059
12/31/1990	0.06
11/30/1990	0.059
10/31/1990	0.06
09/28/1990	0.06
08/31/1990	0.061
07/31/1990	0.06
06/29/1990	0.06
05/31/1990	0.06
04/30/1990	0.06
03/30/1990	0.061
02/28/1990	0.061
01/31/1990	0.061
12/29/1989	0.062
11/30/1989	0.062
10/31/1989	0.063
09/29/1989	0.063
08/31/1989	0.065
07/31/1989	0.066
06/30/1989	0.065
05/31/1989	0.063
04/28/1989	0.063
03/31/1989	0.063
02/28/1989	0.062
01/31/1989	0.064
12/30/1988	0.063
11/30/1988	0.062
10/31/1988	0.062
09/30/1988	0.062
08/31/1988	0.063
07/29/1988	0.062
06/30/1988	0.061
05/31/1988	0.061
04/29/1988	0.061
03/31/1988	0.062
02/29/1988	0.061
01/29/1988	0.062
12/31/1987	0.062
11/30/1987	0.064
10/30/1987	0.063
09/30/1987	0.065
08/31/1987	0.065
07/31/1987	0.064
06/30/1987	0.064
05/29/1987	0.067
04/30/1987	0.067
03/31/1987	0.066
02/27/1987	0.067
01/30/1987	0.067
12/31/1986	0.068
11/28/1986	0.067
10/31/1986	0.067
09/30/1986	0.069
08/29/1986	0.071
07/31/1986	0.07
06/30/1986	0.07
05/30/1986	0.068
04/30/1986	0.07
03/31/1986	0.072
02/28/1986	0.072
01/31/1986	0.074
12/31/1985	0.071
11/29/1985	0.066
10/31/1985	0.07
09/30/1985	0.069
08/30/1985	0.073
07/31/1985	0.071
06/28/1985	0.071
05/31/1985	0.07
04/30/1985	0.072
03/29/1985	0.073
02/28/1985	0.074
01/31/1985	0.073
12/31/1984	0.074
11/30/1984	0.073
10/31/1984	0.072
09/28/1984	0.073
08/31/1984	0.074
07/31/1984	0.073
06/29/1984	0.072
05/31/1984	0.072
04/30/1984	0.071
03/30/1984	0.072
02/28/1984	0.071
01/31/1984	0.072
12/30/1983	0.073
11/30/1983	0.071
10/31/1983	0.071
09/30/1983	0.072
08/31/1983	0.071
07/29/1983	0.072
06/30/1983	0.07
05/31/1983	0.069
04/29/1983	0.068
03/31/1983	0.068
02/28/1983	0.068
01/31/1983	0.071
12/31/1982	0.068
11/30/1982	0.071
10/29/1982	0.071
09/30/1982	0.073
08/31/1982	0.074
07/30/1982	0.072
06/30/1982	0.074
05/28/1982	0.072
04/30/1982	0.072
03/31/1982	0.072
02/26/1982	0.072
01/29/1982	0.075
12/31/1981	0.074
11/30/1981	0.072
10/30/1981	0.076
09/30/1981	0.078
08/31/1981	0.077
07/31/1981	0.075
06/30/1981	0.073
05/29/1981	0.073
04/30/1981	0.074
03/31/1981	0.072
02/27/1981	0.074
01/30/1981	0.071
12/31/1980	0.073
11/28/1980	0.073
10/31/1980	0.071
09/30/1980	0.072
08/29/1980	0.072
07/31/1980	0.068
06/30/1980	0.068
05/30/1980	0.066
04/30/1980	0.067
03/31/1980	0.073
02/28/1980	0.073
01/31/1980	0.072

Dividend Growth History for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX)

Year	Payout Amount	Year Start Yield	Annual Payout Growth (YoY)	CAGR to 2023
2023	$0.3402	3.21%	10.60%	-
2022	$0.3076	2.54%	-17.56%	10.60%
2021	$0.3731	3.05%	-6.16%	-4.51%
2020	$0.3976	3.34%	-6.31%	-5.06%
2019	$0.4244	3.73%	6.50%	-5.38%
2018	$0.3985	3.41%	-7.88%	-3.11%
2017	$0.4326	3.80%	-4.29%	-3.93%
2016	$0.452	3.84%	1.12%	-3.98%
2015	$0.447	3.80%	-5.30%	-3.36%
2014	$0.472	4.29%	5.36%	-3.57%
2013	$0.448	3.80%	2.99%	-2.72%
2012	$0.435	3.85%	-6.25%	-2.21%
2011	$0.464	4.34%	6.67%	-2.55%
2010	$0.435	3.97%	-10.49%	-1.87%
2009	$0.486	4.82%	-1.82%	-2.52%
2008	$0.495	4.46%	-2.75%	-2.47%
2007	$0.509	4.49%	-1.55%	-2.49%
2006	$0.517	4.59%	-6.85%	-2.43%
2005	$0.555	4.83%	6.32%	-2.68%
2004	$0.522	4.53%	-0.19%	-2.23%
2003	$0.523	4.58%	-8.89%	-2.13%
2002	$0.574	5.22%	-2.55%	-2.46%
2001	$0.589	5.30%	2.97%	-2.46%
2000	$0.572	5.56%	10.21%	-2.23%
1999	$0.519	4.61%	-25.11%	-1.74%
1998	$0.693	6.13%	7.11%	-2.81%
1997	$0.647	5.94%	6.24%	-2.44%
1996	$0.609	5.49%	2.01%	-2.13%
1995	$0.597	6.06%	-2.45%	-1.99%
1994	$0.612	5.44%	-1.61%	-2.00%
1993	$0.622	5.81%	-9.20%	-1.99%
1992	$0.685	6.37%	-6.80%	-2.23%
1991	$0.735	7.12%	1.66%	-2.38%
1990	$0.723	6.87%	-4.99%	-2.26%
1989	$0.761	7.40%	2.56%	-2.34%
1988	$0.742	7.49%	-4.99%	-2.20%
1987	$0.781	7.02%	-6.80%	-2.28%
1986	$0.838	8.18%	-1.76%	-2.41%
1985	$0.853	9.22%	-1.84%	-2.39%
1984	$0.869	9.28%	2.96%	-2.38%
1983	$0.844	9.04%	-2.54%	-2.25%
1982	$0.866	11.59%	-2.59%	-2.25%
1981	$0.889	9.52%	4.83%	-2.26%
1980	$0.848	7.03%	-	-2.10%

Dividend Growth Chart for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX)

VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) Historical Returns And Risk Info

From 05/15/1986 to 05/13/2024, the compound annualized total return (dividend reinvested) of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 5.054%. Its cumulative total return (dividend reinvested) is 550.905%.

From 05/15/1986 to 05/13/2024, the Maximum Drawdown of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 26.8%.

From 05/15/1986 to 05/13/2024, the Sharpe Ratio of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 0.44.

From 05/15/1986 to 05/13/2024, the Annualized Standard Deviation of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 6.1%.

From 05/15/1986 to 05/13/2024, the Beta of VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 1.0.

	Last 1 Week*	YTD*(2024)	1 Yr	3 Yr	5 Yr	10 Yr	15 Yr	20 Yr	Since 05/15/1986	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983	1982	1981	1980
Annualized Return(%)	0.5	-0.4	3.7	-0.9	1.6	2.9	3.8	3.9	5.1	7.6	-10.4	2.3	6.2	8.5	0.9	6.4	0.6	4.0	11.1	-2.9	8.1	10.7	1.2	14.1	-4.9	2.5	5.2	3.1	4.1	5.2	10.0	4.5	13.3	-3.9	6.0	9.3	4.4	18.7	-7.2	11.4	6.5	11.5	5.0	9.8	12.3	-4.2	17.4	20.8	8.6	9.5	38.5	-11.2	-16.0
Sharpe Ratio	NA	-1.38	-0.02	-0.74	0.0	0.45	NA	NA	0.44	0.69	-2.22	1.24	0.71	3.21	-0.19	2.22	0.13	1.66	5.05	-0.79	3.49	3.84	0.34	3.85	-0.85	-0.15	0.72	0.32	0.75	1.07	2.3	0.69	3.16	-2.42	0.86	1.75	0.17	3.12	-1.48	2.28	0.9	1.94	-0.05	0.96	2.02	-0.97	2.96	4.16	0.16	0.43	2.28	-1.22	-1.54
Draw Down(%)	NA	2.2	6.9	16.0	16.0	16.0	NA	NA	26.8	7.3	15.8	2.4	12.3	1.8	2.4	1.6	6.5	2.6	1.5	7.9	2.0	2.8	5.8	3.0	11.8	2.9	1.7	3.0	6.6	6.5	4.9	4.4	3.2	6.7	2.1	2.4	4.9	2.9	11.9	3.0	5.4	3.0	4.9	3.2	3.2	14.6	3.9	2.5	8.7	3.9	2.5	14.6	16.9
Standard Deviation(%)	NA	3.4	4.6	4.4	5.2	4.1	NA	NA	6.1	4.8	5.3	1.8	8.4	2.2	2.1	2.6	3.1	2.4	2.2	3.7	2.3	2.8	3.1	3.6	6.8	3.0	2.7	2.8	4.3	4.2	3.9	3.3	2.9	3.0	3.1	3.3	5.3	4.8	6.9	4.1	4.5	4.0	4.6	4.2	3.7	8.5	4.4	3.7	11.3	7.9	13.6	17.3	16.4
Treynor Ratio	NA	-0.05	0.0	-0.03	0.0	0.02	NA	NA	0.03	0.03	-0.12	0.02	0.06	0.07	0.0	0.06	0.0	0.04	0.11	-0.03	0.08	0.11	0.01	0.14	-0.06	0.0	0.02	0.01	0.03	0.05	0.09	0.02	0.09	-0.07	0.03	0.06	0.01	0.15	-0.1	0.09	0.04	0.08	0.0	0.04	0.08	-0.08	0.13	0.16	0.02	0.03	0.31	-0.21	-0.25
Alpha	NA	0.0	0.0	0.0	0.0	0.0	NA	NA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Beta	NA	1.0	1.0	1.0	1.0	1.0	NA	NA	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
RSquare	NA	1.0	1.0	1.0	1.0	1.0	NA	NA	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Yield(%)	N/A	1.1	3.2	2.8	3.1	3.5	3.9	4.0	N/A	3.4	2.8	3.4	3.5	3.6	3.2	3.5	4.0	4.2	4.6	4.0	4.2	4.5	4.0	4.8	4.3	4.2	4.3	4.5	4.2	4.2	5.2	5.5	5.8	4.8	6.2	6.0	5.6	6.1	5.3	5.6	6.6	7.0	6.8	7.1	7.3	6.9	8.2	9.1	9.0	9.0	11.4	9.4	7.0
Dividend Growth(%)	N/A	-66.7	10.8	-13.4	-15.6	-17.2	-26.1	N/A	N/A	5.9	-17.1	-2.4	2.4	10.8	-7.5	-14.9	-4.1	-3.9	8.5	-2.1	0.0	9.1	-8.3	0.0	0.0	0.0	-7.7	8.3	0.0	-15.8	-6.6	1.7	11.1	-22.9	7.7	4.8	3.3	0.0	0.0	-15.5	-1.4	0.0	-1.4	1.4	-6.5	-8.3	0.0	0.0	0.0	-1.2	-3.4	4.8	N/A

Return Calculator for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX)

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VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) Historical Return Chart

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VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 05/15/1986 to 05/13/2024, the worst annualized return of 3-year rolling returns for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is -3.2%.

From 05/15/1986 to 05/13/2024, the worst annualized return of 5-year rolling returns for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 0.62%.

From 05/15/1986 to 05/13/2024, the worst annualized return of 10-year rolling returns for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 2.03%.

From 05/15/1986 to 05/13/2024, the worst annualized return of 20-year rolling returns for VANGUARD LONG-TERM TAX-EXEMPT FUND INVESTOR SHARES (VWLTX) is 3.98%.

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