Vanguard Long Term Tax Exempt Fund (VWLUX)

業務介紹

該基金對個別證券的到期日沒有限制,但預計將維持10至25年的加權平均到期日。基金持有的至少75%的證券為由全國公認的統計評級機構(NRSRO)(例如穆迪投資者服務公司(Moody's)的Aaa、Aa和A)評定為前三個信用評級類別的市政債券,或如果未經評級,則由顧問確定為具有可比質量。



The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.

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