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

Average annual returns

Through 2025 · incl. N-PORT-derived 2025
1 year
4.67%
3 year
3.88%
5 year
1.81%
10 year

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

Calendar-year returns

2020 onward derived from N-PORT monthly returns

Risk statistics

78 months through Jan. 31, 2026
Volatility (ann.)
2.41%
Sharpe
1.50
Sortino
3.27
Max drawdown
-5.36%
Best month
2.51%
Worst month
-1.72%

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

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.