Back to top

How is Vanguard Intermediate-Term Tax-Exempt Investor Fund (VWITX) Performing?

Read MoreHide Full Article

Vanguard Intermediate-Term Tax-Exempt Investor Fund (VWITX - Free Report) a Zacks Rank #2 (Buy) was incepted in September 1977 and is managed by the Vanguard Group. VWITX seeks income exempt from federal income tax. VWITX holds high-quality, tax-exempt, municipal securities with a combined average maturity of 7 to 12 years. At least 75% of the bonds it holds are in the top three credit-rating categories, and no more than 20% of assets may be invested in bonds rated Baa (by Moody's Investors Service, Inc.) or BBB (by Standard & Poor's Corporation). The remaining 5% may be invested in securities with lower ratings or that are unrated. VWITX pursues a higher level of income than that provided by comparable funds.

The Vanguard Intermediate-Term Tax-Exempt Investor fund, managed by Vanguard Group, carries an expense ratio of 0.20%. Moreover, VWITX requires a minimal initial investment of $3,000.

VWITX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.49% and 5 year 4.37%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

VWITX’s performance, as of the last filing, when compared to funds in its category was in the top 38% in 1 year, top 35% over the past 3 years, and in the 49% over the past 5 years.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Vanguard Interm-Term Tax-Exempt Inv (VWITX) - free report >>

More from Zacks Best of Funds

You May Like

Published in