Vanguard Massachusetts Tax-Exempt Fund Investor (VMATX)
9.83
-0.01
(-0.10%)
USD |
Sep 04 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.09% | 3.711B | -- | 44.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 566.86M | 3.87% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income that is exempt from both federal and Massachusetts personal income taxes. The Fund invests primarily in high-quality municipal bonds issued by Massachusetts state and local governments, as well as by regional governmental and public financing authorities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Vanguard |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
4
-4.207M
Peer Group Low
64.63M
Peer Group High
1 Year
% Rank:
4
566.86M
-103.23M
Peer Group Low
566.86M
Peer Group High
3 Months
% Rank:
4
-5.137M
Peer Group Low
106.77M
Peer Group High
3 Years
% Rank:
4
-353.60M
Peer Group Low
1.038B
Peer Group High
6 Months
% Rank:
4
-11.48M
Peer Group Low
271.68M
Peer Group High
5 Years
% Rank:
4
-621.30M
Peer Group Low
1.016B
Peer Group High
YTD
% Rank:
4
-107.63M
Peer Group Low
325.76M
Peer Group High
10 Years
% Rank:
4
-857.84M
Peer Group Low
1.964B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 05, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.02% |
| Stock | 0.00% |
| Bond | 99.98% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.000 05/15/2055 | 1.38% | 109.32 | -0.06% |
| MASSACHUSETTS ST MA 5.000 01/01/2054 | 1.16% | 101.08 | 0.24% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.500 12/01/2056 | 1.12% | 103.72 | 0.00% |
| QUINCY MASS MA 5.000 09/29/2026 | 0.97% | 100.12 | -0.02% |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV MA 5.250 02/15/2050 | 0.95% | 103.18 | -0.07% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.000 05/15/2055 | 0.94% | 111.46 | -0.10% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.500 07/01/2055 | 0.89% | 103.69 | 0.00% |
| MASSACHUSETTS ST TRANSN FD REV MA 5.000 06/01/2050 | 0.83% | 101.49 | -0.04% |
| MASSACHUSETTS ST MA 5.000 04/01/2055 | 0.82% | 101.34 | 0.00% |
| MASSACHUSETTS ST DEV FIN AGY REV MA 5.500 12/01/2051 | 0.78% | 104.69 | 0.28% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.07% |
| Administration Fee | 2.134M None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 3000.00 None |
| Minimum Subsequent Investment | 1.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income that is exempt from both federal and Massachusetts personal income taxes. The Fund invests primarily in high-quality municipal bonds issued by Massachusetts state and local governments, as well as by regional governmental and public financing authorities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Vanguard |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-4-26) | 3.78% |
| 30-Day SEC Yield (7-31-26) | 3.90% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1045 |
| Bond | |
| Yield to Maturity (6-30-26) | 3.78% |
| Effective Duration | 8.20 |
| Average Coupon | 4.54% |
| Calculated Average Quality | 2.277 |
| Effective Maturity | 15.67 |
| Nominal Maturity | 18.77 |
| Number of Bond Holdings | 1043 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/9/1998 |
| Last Annual Report Date | 11/30/2025 |
| Last Prospectus Date | 3/27/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:VMATX", "name") |
| Broad Asset Class: =YCI("M:VMATX", "broad_asset_class") |
| Broad Category: =YCI("M:VMATX", "broad_category_group") |
| Prospectus Objective: =YCI("M:VMATX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |