VWSUX Performance — Vanguard Ultra-Short-Term Tax-Exempt Fund, Admiral Shares
Data updated: 2026-09-28
VWSUX returned +1.33% year to date and +2.89% over one year to Jul 2026. Annualised returns are +3.63% over 3 years and +2.31% over 5 years. The fund beat its Short-Term Municipal Bond category average: $100 invested three years ago grew to $111, against $110 for the category, and to $103 over one year, against $103. Volatility over the past three years was 1.17% a year. In the 12 months to Jul 2026 the fund took in a net $2.0B, and assets reached $18.23B.
VWSUX Growth of $100
What $100 invested in Vanguard Ultra-Short-Term Tax-Exempt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | VWSUX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $112 | $108 |
| Since data start (Aug 2019 – Jul 2026) | $115 | $112 |
VWSUX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.33% |
| 1 year | +2.89% |
| 3 years (annualised) | +3.63% |
| 5 years (annualised) | +2.31% |
VWSUX Annual Returns
Calendar-year total returns of Vanguard Ultra-Short-Term Tax-Exempt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.33% |
| 2025 | +4.04% |
| 2024 | +3.20% |
| 2023 | +3.95% |
| 2022 | −0.73% |
| 2021 | +0.25% |
| 2020 | +1.90% |
| 2019 (Aug–Dec) | +0.60% |
VWSUX 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 | +0.5% | +0.4% | −0.4% | +0.3% | +0.3% | +0.3% | −0.1% | — | — | — | — | — |
| 2025 | +0.5% | +0.4% | +0.1% | 0.0% | +0.5% | +0.5% | +0.5% | +0.5% | +0.4% | +0.1% | +0.3% | +0.3% |
| 2024 | +0.1% | +0.3% | +0.1% | 0.0% | +0.2% | +0.6% | +0.6% | +0.6% | +0.5% | −0.2% | +0.5% | 0.0% |
| 2023 | +0.7% | −0.5% | +0.8% | −0.1% | 0.0% | +0.4% | +0.2% | +0.1% | −0.3% | +0.2% | +1.5% | +0.8% |
| 2022 | −0.6% | −0.1% | −0.6% | −0.4% | +0.5% | 0.0% | +0.5% | −0.5% | −0.7% | +0.1% | +1.0% | +0.2% |
| 2021 | +0.1% | −0.1% | +0.1% | +0.1% | +0.1% | 0.0% | +0.1% | −0.1% | −0.1% | 0.0% | +0.1% | 0.0% |
| 2020 | +0.4% | +0.2% | −0.7% | 0.0% | +1.0% | +0.3% | +0.3% | +0.1% | 0.0% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | +0.2% | −0.1% | +0.2% | +0.1% | +0.2% |
VWSUX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 1.17%
- 3-year Sharpe ratio: -0.74 (vs 4.5% risk-free rate)
- Best month: +1.48% (Nov 2023)
- Worst month: −0.38% (Mar 2026)
VWSUX Fund Flows
Monthly money in and out of Vanguard Ultra-Short-Term Tax-Exempt Fund, from SEC Form N-PORT.
- 12-month net flow: $2.0B
- 12-month gross sales (incl. reinvestments): $6.6B
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $502.4M | $415.7M | $86.7M |
| Jun 2026 | $638.8M | $453.3M | $185.4M |
| May 2026 | $656.4M | $417.6M | $238.7M |
| Apr 2026 | $480.0M | $492.4M | −$12.4M |
| Mar 2026 | $493.8M | $422.8M | $71.0M |
| Feb 2026 | $508.0M | $313.3M | $194.7M |
| Jan 2026 | $854.8M | $390.5M | $464.3M |
| Dec 2025 | $545.6M | $380.5M | $165.1M |
| Nov 2025 | $483.1M | $296.2M | $186.9M |
| Oct 2025 | $451.0M | $434.4M | $16.7M |
| Sep 2025 | $596.6M | $347.0M | $249.6M |
| Aug 2025 | $439.3M | $334.5M | $104.7M |
VWSUX Assets Under Management
Net assets of Vanguard Ultra-Short-Term Tax-Exempt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $18.23B |
| 2026-04-30 | $17.77B |
| 2026-01-31 | $17.59B |
| 2025-10-31 | $16.72B |
| 2025-07-31 | $16.32B |
| 2025-04-30 | $15.20B |
| 2025-01-31 | $14.90B |
| 2024-10-31 | $14.42B |
| 2024-07-31 | $14.78B |
| 2024-04-30 | $14.95B |
| 2024-01-31 | $15.69B |
| 2023-10-31 | $16.06B |
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.