VPAIX
VANGUARD PENNSYLVANIA LONG-TERM TAX-EXEMPT FUND
VANGUARD PENNSYLVANIA TAX-FREE FUNDS

Average annual returns

Through 2025
1 year
4.31%
3 year
4.49%
5 year
0.96%
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 Feb. 28, 2026
Volatility (ann.)
6.41%
Sharpe
0.77
Sortino
1.64
Max drawdown
-15.20%
Best month
7.46%
Worst month
-4.15%

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

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