Vanguard Intermediate-Term Tax-Exempt
Vanguard Intermediate-Term Tax-Exempt (VWITX) is a more conservative option than VWAHX and generally tends to invest in higher-quality bonds.
This municipal bond fund’s portfolio consists of an amazing 4,003 bonds, which illustrates its diversification, and it’s quite large in size with $34.2 billion under management.
Currently, the fund has an SEC yield of 2.6% and average maturity of 5.8 years, with duration recently at 5.6 years.
VWITX is down 2.2% YTD, but has advanced 4% annually during the past decade. The top two sectors represented here are state and local general obligation bonds and education bonds.
Expenses are low at 0.2% annually, and VWITX also requires a $3,000 minimum.