VWALX — Vanguard High-Yield Tax-Exempt Fund
Data updated: 2026-06-26
VWALX — Vanguard High-Yield Tax-Exempt Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Corporate Bond · $17.31B AUM · 0.09% expense ratio · 7.0% 1-yr return. From SEC regulatory filings.
VWALX Fund Overview
VWALX — Vanguard High-Yield Tax-Exempt Fund is a US mutual fund managed by Vanguard Municipal Bond Funds, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Municipal Bond Funds
- Category: Long Corporate Bond
- Assets under management: $17.31B
- 1-year return: 7.0%
- Ticker: VWALX
- SEC CIK: 0000225997
- SEC series ID: S000002892
- Share class ID: C000007950
VWALX Holdings
Top 10 holdings of Vanguard High-Yield Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund | 5.21% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 0.59% |
| Public Finance Authority | 0.49% |
| Public Finance Authority | 0.37% |
| New York Transportation Development Corp | 0.32% |
| Buckeye Tobacco Settlement Financing Authority | 0.31% |
| Louisiana Public Facilities Authority | 0.31% |
| County of Jefferson AL Sewer Revenue | 0.31% |
| Chicago Board of Education | 0.30% |
| Lower Alabama Gas District/The | 0.28% |
VWALX Portfolio Allocation
Asset-class allocation of Vanguard High-Yield Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.9% |
| Cash & Equivalents | 5.2% |
| Securitized | 0.4% |
VWALX Performance
Total returns for VWALX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 7.0% |
| 3 years (annualised) | 4.5% |
| 5 years (annualised) | 1.3% |
VWALX Risk Information
Risk metrics for VWALX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
VWALX Costs and Fees
VWALX costs about $9 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.09%
- Gross expense ratio: 0.09%
- Portfolio turnover: 37%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VWALX Cashflows
Over the 12 months to 2026-04, Vanguard High-Yield Tax-Exempt Fund had net inflows of $1.12B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $131.05M |
| 2026-03 | $27.23M |
| 2026-02 | $221.91M |
| 2026-01 | $253.24M |
| 2025-12 | $55.86M |
| 2025-11 | $114.96M |
VWALX Debt Constituents
Largest debt holdings of Vanguard High-Yield Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 0.59% |
| Public Finance Authority | 0.49% |
| Public Finance Authority | 0.37% |
| New York Transportation Development Corp | 0.32% |
| Buckeye Tobacco Settlement Financing Authority | 0.31% |
| Louisiana Public Facilities Authority | 0.31% |
| County of Jefferson AL Sewer Revenue | 0.31% |
| Chicago Board of Education | 0.30% |
| Lower Alabama Gas District/The | 0.28% |
| City of Los Angeles Department of Airports | 0.28% |
VWALX Prospectus and SEC Filings
Official Vanguard High-Yield Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.