Back to top

Image: Bigstock

VWALX

Read MoreHide Full Article

VWALX is a high-yield municipal bond fund focusing on tax-exempt income, primarily investing in investment-grade bonds with up to 20% in sub-investment-grade. With average maturities of 10-25 years, it aims for a balance of yield and risk, subject to shifts in interest rates, credit ratings, and broader economic conditions. The portfolio's performance is sensitive to municipal bond market trends and fiscal policies affecting state and local government finances.