The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMLTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VMLTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VMLTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong short-term muni offering.
Elizabeth Foos
Associate Director
Summary
Vanguard Limited-Term Tax-Exempt Bond continues to be one of the most compelling strategies for straightforward exposure to the shorter end of the municipal market.