VMLTX
VANGUARD LIMITED-TERM TAX-EXEMPT FUND
VANGUARD MUNICIPAL BOND FUNDS

Average annual returns

Through 2025
1 year
4.59%
3 year
3.80%
5 year
1.73%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Jan. 31, 2026
Volatility (ann.)
2.41%
Sharpe
1.47
Sortino
3.17
Max drawdown
-5.45%
Best month
2.50%
Worst month
-1.72%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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