The investment seeks a high and sustainable level of current income that is exempt from federal personal income taxes. The fund invests at least 80% of its assets in investment-grade municipal bonds, as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Baa or higher by Moody's Investors Service, Inc.), and up to 20% in bonds that are rated less than investment grade by an NRSRO (e.g., less than Baa by Moody's) or in bonds that are unrated.
Fund filings (PDF) »
Mathew Kiselak (Started: Jul 16, 2010)
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Vanguard, 100 Vanguard Boulevard, Malvern, PA 19355, USA