VWITX — Vanguard Intermediate-Term Tax-Exempt Fund, Investor Shares
Data updated: 2026-09-28
VWITX — Vanguard Intermediate-Term Tax-Exempt Fund, Investor Shares. 0.17% expense ratio · no sales load. Holdings, fees, performance and SEC filings.
VWITX Fund Overview
VWITX — Vanguard Intermediate-Term Tax-Exempt Fund, Investor Shares is a US mutual fund managed by The Vanguard Group, Inc., categorised as Intermediate Municipal Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Adviser: The Vanguard Group, Inc.
- Trust: Vanguard Municipal Bond Funds
- Category: Intermediate Municipal Bond
- Minimum investment: $3,000
- Additional investment: $1
- Inception date: September 1, 1977
- Assets under management: $88,461,493,310
- 1-year return: 4.6%
- Ticker: VWITX
- SEC CIK: 0000225997
- SEC series ID: S000002894
- Share class ID: C000007953
- CUSIP: 922907209
- ISIN: US9229072098
- FIGI: BBG000BC0394
- LEI: CR5L0XWH0W8A2XVN7S86
About VWITX
Vanguard Intermediate-Term Tax-Exempt Fund (VWITX) seeks a moderate and sustainable level of current income that is exempt from federal personal income taxes. It invests mainly in municipal bonds, with at least 75% in the top three credit-rating categories, and targets a dollar-weighted average maturity of 6 to 12 years. Its Investor Shares, launched September 1, 1977, cost 0.17% a year and returned 4.6% in the 12 months to July 31, 2026, based on monthly returns reported to the SEC on Form N-PORT, with 4.2% volatility.
VWITX Holdings
Top 10 holdings of Vanguard Intermediate-Term 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 | 1.65% |
| Main Street Natural Gas Inc | 0.25% |
| Southeast Energy Authority A Cooperative District | 0.22% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 0.20% |
| Central Plains Energy Project | 0.19% |
| California Community Choice Financing Authority | 0.19% |
| Black Belt Energy Gas District | 0.19% |
| Black Belt Energy Gas District | 0.19% |
| California Community Choice Financing Authority | 0.19% |
| California Community Choice Financing Authority | 0.19% |
VWITX Portfolio Allocation
Asset-class allocation of Vanguard Intermediate-Term Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.4% |
| Cash & Equivalents | 1.6% |
| Securitized | 0.6% |
VWITX Performance
Total returns for VWITX through July 2026, from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.16% |
| 1 year | 4.57% |
| 3 years (annualised) | 3.34% |
| 5 years (annualised) | 0.96% |
VWITX Risk Information
Risk metrics for VWITX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.21%
VWITX Costs and Fees
VWITX costs about $17 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.17%
- Gross expense ratio: 0.17%
- Portfolio turnover: 20%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VWITX Cashflows
Over the 12 months to 2026-07, Vanguard Intermediate-Term Tax-Exempt Fund had net inflows of $9,665,679,506, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $562,699,258 |
| 2026-06 | $943,782,329 |
| 2026-05 | $726,382,839 |
| 2026-04 | $392,470,489 |
| 2026-03 | $562,771,546 |
| 2026-02 | $1,137,585,168 |
VWITX Debt Constituents
Largest debt holdings of Vanguard Intermediate-Term Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Main Street Natural Gas Inc | 0.25% |
| Southeast Energy Authority A Cooperative District | 0.22% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 0.20% |
| Central Plains Energy Project | 0.19% |
| California Community Choice Financing Authority | 0.19% |
| Black Belt Energy Gas District | 0.19% |
| Black Belt Energy Gas District | 0.19% |
| California Community Choice Financing Authority | 0.19% |
| California Community Choice Financing Authority | 0.19% |
| Texas Municipal Gas Acquisition & Supply Corp IV | 0.18% |
VWITX Prospectus and SEC Filings
Official Vanguard Intermediate-Term Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-13
VWITX Service Providers
Firms that manage, distribute, hold, administer and audit Vanguard Intermediate-Term Tax-Exempt Fund, as reported on SEC Form N-CEN, fiscal year ending October 31, 2025.
- Adviser: The Vanguard Group, Inc.
- Distributor: Vanguard Marketing Corp.
- Custodian: State Street Bank and Trust Company
- Transfer agent: The Vanguard Group, Inc.
- Administrator: The Vanguard Group, Inc.
- Auditor: Pricewaterhousecoopers Llp
Related Funds
Other Intermediate Municipal Bond funds tracked on ABC INVEST:
VWITX: Frequently Asked Questions
What is the expense ratio of Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)?
VWITX has a net expense ratio of 0.17%, about $17 a year for every $10,000 invested. VWITX fees and costs
Does VWITX charge a sales load?
No. This share class (VWITX) charges no sales load.
What is the minimum investment for VWITX?
The minimum initial investment in VWITX is $3,000, and additional purchases must be at least $1. Source: the fund's summary prospectus (February 2026).
What are VWITX's top holdings?
As of July 31, 2026, VWITX held 16,507 positions. The largest are Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund (1.65%), Main Street Natural Gas Inc (0.25%), Southeast Energy Authority A Cooperative District (0.22%), Puerto Rico Sales Tax Financing Corp Sales Tax Revenue (0.20%) and Central Plains Energy Project (0.19%). All VWITX holdings
Can I download the full list of VWITX holdings?
Yes. The complete VWITX holdings list as of July 31, 2026 can be downloaded as a CSV file from the Holdings page: holding, ticker, FIGI, sector, country, asset type, shares, value and share of net assets, from the fund's SEC N-PORT filing. Download VWITX holdings (CSV)
How has Vanguard Intermediate-Term Tax-Exempt Fund performed?
VWITX returned +4.6% over the 12 months to July 2026, +3.3% a year over 3 years and +1.0% a year over 5 years. VWITX performance and risk
How large is VWITX?
VWITX manages $88,461,493,310 (SEC N-PORT, July 2026). Investors added a net $9,665,679,506 over the past 12 months.
Who manages VWITX and when did it launch?
VWITX is managed by The Vanguard Group, Inc.. It is a series of Vanguard Municipal Bond Funds. It launched on September 1, 1977.
How does VWITX compare with similar Intermediate Municipal Bond funds?
Among 209 Intermediate Municipal Bond funds with $100,000,000+ in assets, VWITX ranks #24 of 209 on net expense ratio (0.17%) and is the largest by assets. The lowest-cost fund in the group is Allspring Managed Account CoreBuilder Shares Series M (WFCMX, 0.00%). Compare VWITX with WFCMX
Where can I find VWITX's prospectus and SEC filings?
VWITX's latest prospectus (485BPOS) was filed February 27, 2026 and its latest N-PORT holdings report was filed September 28, 2026. All 52 filings are linked on ABC INVEST and on SEC EDGAR (series S000002894). VWITX SEC filings
What is the CUSIP and ISIN of VWITX?
Vanguard Intermediate-Term Tax-Exempt Fund (VWITX) has CUSIP 922907209 and ISIN US9229072098. These codes identify this share class (Investor Shares); each of the fund's 2 share classes has its own. Brokers and trading platforms use these codes to look up the fund.
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, and annual data from Form N-CEN.
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.