VWITX

About VWITX

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares is a mutual fund focused on providing moderate current income that is exempt from federal income tax. This fund primarily invests in high-quality municipal bonds, targeting securities that are typically rated within the top three credit-rating categories by established agencies. The fund maintains a dollar-weighted average maturity of 6 to 12 years, positioning it within the intermediate-term municipal bond sector. By emphasizing diversification among thousands of holdings, mostly state and local government obligations, it aims to reduce individual security risk while maintaining a steady income stream. Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares plays a significant role in the municipal bond market by offering investors access to tax-exempt income, making it particularly relevant for individuals in higher tax brackets seeking to preserve after-tax returns. Its prudent risk management and consistent focus on quality and tax efficiency contribute to its prominence among municipal bond mutual funds.