VWLUX Performance — Vanguard Long-Term Tax-Exempt Fund, Admiral Shares
Data updated: 2026-09-28
VWLUX returned +0.74% year to date and +6.58% over one year to Jul 2026. Annualised returns are +3.52% over 3 years and +0.54% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $111, against $110 for the category, and to $107 over one year, against $106. Volatility over the past three years was 6.65% a year. In the 12 months to Jul 2026 the fund took in a net $1.7B, and assets reached $19.08B.
VWLUX Growth of $100
What $100 invested in Vanguard Long-Term Tax-Exempt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | VWLUX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $114 | $110 |
VWLUX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.74% |
| 1 year | +6.58% |
| 3 years (annualised) | +3.52% |
| 5 years (annualised) | +0.54% |
VWLUX Annual Returns
Calendar-year total returns of Vanguard Long-Term Tax-Exempt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.74% |
| 2025 | +3.92% |
| 2024 | +1.92% |
| 2023 | +7.64% |
| 2022 | −10.36% |
| 2021 | +2.34% |
| 2020 | +6.29% |
| 2019 (Aug–Dec) | +1.74% |
VWLUX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.5% | −2.2% | +1.3% | +0.6% | +1.0% | −2.0% | — | — | — | — | — |
| 2025 | +0.2% | +1.1% | −1.9% | −0.8% | −0.5% | +0.7% | −0.5% | +0.9% | +3.1% | +1.4% | +0.2% | 0.0% |
| 2024 | −0.2% | 0.0% | +0.1% | −1.4% | 0.0% | +1.8% | +0.9% | +0.7% | +1.3% | −1.6% | +1.9% | −1.5% |
| 2023 | +3.5% | −2.7% | +2.3% | 0.0% | −0.8% | +1.0% | +0.2% | −1.4% | −3.2% | −1.7% | +7.6% | +3.0% |
| 2022 | −2.8% | −0.6% | −3.4% | −3.5% | +1.6% | −2.6% | +3.1% | −2.8% | −4.3% | −1.0% | +5.8% | −0.1% |
| 2021 | +0.7% | −1.7% | +0.7% | +1.0% | +0.5% | +0.4% | +0.9% | −0.4% | −0.8% | −0.1% | +1.0% | +0.2% |
| 2020 | +2.0% | +1.6% | −4.1% | −2.0% | +3.6% | +1.3% | +1.8% | −0.3% | 0.0% | −0.2% | +1.7% | +0.9% |
| 2019 | — | — | — | — | — | — | — | +1.9% | −0.7% | 0.0% | +0.2% | +0.4% |
VWLUX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.65%
- 3-year Sharpe ratio: -0.15 (vs 4.5% risk-free rate)
- Best month: +7.62% (Nov 2023)
- Worst month: −3.23% (Sep 2023)
VWLUX Fund Flows
Monthly money in and out of Vanguard Long-Term Tax-Exempt Fund, from SEC Form N-PORT.
- 12-month net flow: $1.7B
- 12-month gross sales (incl. reinvestments): $4.8B
- Sales ÷ redemptions: 1.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $322.6M | $187.6M | $135.0M |
| Jun 2026 | $386.8M | $191.3M | $195.5M |
| May 2026 | $395.1M | $287.3M | $107.8M |
| Apr 2026 | $326.6M | $271.2M | $55.5M |
| Mar 2026 | $292.8M | $233.6M | $59.2M |
| Feb 2026 | $373.4M | $179.3M | $194.1M |
| Jan 2026 | $363.0M | $456.2M | −$93.2M |
| Dec 2025 | $410.9M | $296.3M | $114.7M |
| Nov 2025 | $317.5M | $191.2M | $126.3M |
| Oct 2025 | $424.9M | $263.5M | $161.4M |
| Sep 2025 | $683.0M | $260.7M | $422.3M |
| Aug 2025 | $518.8M | $339.3M | $179.5M |
VWLUX Assets Under Management
Net assets of Vanguard Long-Term Tax-Exempt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $19.08B |
| 2026-04-30 | $18.92B |
| 2026-01-31 | $18.69B |
| 2025-10-31 | $18.53B |
| 2025-07-31 | $17.00B |
| 2025-04-30 | $16.87B |
| 2025-01-31 | $17.53B |
| 2024-10-31 | $17.67B |
| 2024-07-31 | $17.72B |
| 2024-04-30 | $17.17B |
| 2024-01-31 | $17.12B |
| 2023-10-31 | $14.88B |
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.