Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) trades at $13.57 with AI Score 50/100 (Grade B). Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) aims to provide federal tax-exempt income through municipal bonds. Market cap: $90.0B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for VWITX: VWITX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VWITX against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
VWITX: 2/3 scored disciplines lean bearish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) Financial Services Profile
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) offers a moderate, sustainable income stream exempt from federal income taxes by investing primarily in high-quality municipal bonds with an average maturity between six and twelve years, catering to investors seeking tax-advantaged fixed income within the asset management sector.
What Is the Investment Thesis for VWITX?
VWITX presents a compelling option for investors seeking tax-advantaged income. With a dividend yield of 3.20% and a focus on high-quality municipal bonds, the fund offers a relatively stable income stream. The fund's strategy of maintaining a dollar-weighted average maturity of 6 to 12 years helps to manage interest rate risk. The fund's high gross margin of 100.0% and profit margin of 78.4% indicate efficient management and cost control. Upcoming catalysts include potential increases in demand for tax-exempt investments due to changes in tax laws. However, potential risks include fluctuations in interest rates, which could negatively impact bond prices and fund income. The fund's beta of 0.82 suggests lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
VWITX Key Highlights
Market Cap of $90.0B indicates substantial size and stability within the municipal bond fund market.
- Profit Margin of 78.4% demonstrates efficient management and profitability.
- Gross Margin of 100.0% reflects the fund's ability to generate income from its investments.
- Dividend Yield of 3.20% offers a competitive income stream for investors seeking tax-exempt returns.
- Beta of 0.82 suggests lower volatility compared to the broader market, making it a potentially noteworthy option for risk-averse investors.
Who Are VWITX's Competitors?
VWITX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| AMPFX American Funds AMCAP Fund | $44.60 | -0.87% | $92.8B | 41 |
| AMRFX American Funds American Mutual Fund | $65.16 | -0.72% | $79.1B | 46 |
| DODFX Dodge & Cox International Stock Fund | $18.78 | +0.27% | $104B | 47 |
| FBGRX Fidelity Blue Chip Growth Fund | $305.91 | -0.82% | $105B | — |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VWITX's Key Strengths?
Strong brand reputation of Vanguard.
- Large asset base provides economies of scale.
- Focus on high-quality municipal bonds.
- Experienced management team.
What Are VWITX's Weaknesses?
Vulnerable to interest rate fluctuations.
- Limited exposure to higher-yielding, lower-rated bonds.
- May underperform in periods of rising interest rates.
- Dependent on the creditworthiness of municipal issuers.
What Could Drive VWITX Stock Higher?
Potential changes in federal tax laws that could increase demand for tax-exempt investments.
- Expansion of the municipal bond market providing more investment opportunities.
- Rising interest rates leading to higher yields on newly issued municipal bonds.
What Are the Key Risks for VWITX?
Changes in federal tax laws that could reduce the attractiveness of tax-exempt investments.
- Rising interest rates negatively impacting bond prices.
- Credit downgrades of municipal issuers leading to losses.
- Increased competition from other municipal bond funds.
What Are the Growth Opportunities for VWITX?
- Increased Demand for Tax-Exempt Investments: Changes in federal tax laws could increase the attractiveness of tax-exempt municipal bonds, driving demand for funds like VWITX. The market for tax-exempt investments is estimated to be worth hundreds of billions of dollars, and any increase in demand could lead to significant growth for the fund. This growth opportunity is ongoing, as tax laws are subject to change.
- Expansion of Municipal Bond Market: The municipal bond market is expected to grow as state and local governments issue more debt to finance infrastructure projects and other public needs. This expansion would provide VWITX with a larger pool of investment opportunities, potentially leading to higher returns. The municipal bond market is currently valued at over $4 trillion, and is expected to continue to grow in the coming years. This is an ongoing opportunity.
- Rising Interest Rates: While rising interest rates can negatively impact bond prices, they can also lead to higher yields on newly issued municipal bonds. VWITX could benefit from reinvesting its assets in higher-yielding bonds, potentially increasing its income stream. The Federal Reserve's monetary policy will be a key driver of interest rate movements. This is an ongoing opportunity.
- Increased Focus on ESG Investing: Investors are increasingly considering environmental, social, and governance (ESG) factors when making investment decisions. VWITX could attract more investors by incorporating ESG considerations into its investment process. The market for ESG investments is growing rapidly, and is expected to continue to do so in the coming years. This is an ongoing opportunity.
- Technological Advancements in Bond Trading: The asset management industry is seeing increased adoption of technology to improve trading efficiency and reduce costs. VWITX could leverage these advancements to optimize its investment strategies and enhance its performance. This includes using AI-powered tools for bond selection and risk management. This is an ongoing opportunity.
What Are VWITX's Competitive Advantages?
- Strong brand reputation of Vanguard, known for low-cost investing.
- Large asset base provides economies of scale.
- Experienced management team with expertise in municipal bond investing.
- Focus on high-quality bonds reduces credit risk.
What Does VWITX Do?
The Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) was created to provide investors with a steady stream of income that is exempt from federal personal income taxes. The fund achieves this objective by investing primarily in municipal bonds. The fund's investment strategy focuses on maintaining a dollar-weighted average maturity of 6 to 12 years, providing a balance between income generation and interest rate risk. A significant portion, at least 75%, of the fund's assets are invested in municipal bonds that are rated in the top three credit-rating categories by a nationally recognized statistical rating organization. This emphasis on high-quality bonds aims to minimize credit risk and ensure a stable income stream for investors. The fund has the flexibility to invest up to 20% of its assets in medium-grade bonds, allowing for some exposure to higher-yielding securities. A smaller portion, up to 5%, may be allocated to securities with lower credit ratings. This allocation provides the potential for enhanced returns, but also introduces a higher degree of credit risk. VWITX is structured as a stand-alone product, distinct from the Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI). While both funds share a similar investment objective, differences in scale, investment processes, and underlying holdings may lead to different investment returns.
What Products and Services Does VWITX Offer?
- Invests primarily in municipal bonds to generate income exempt from federal income taxes.
- Maintains a dollar-weighted average maturity of 6 to 12 years.
- Focuses on high-quality municipal bonds, with at least 75% of assets in the top three credit-rating categories.
- May invest up to 20% of assets in medium-grade bonds.
- May invest up to 5% of assets in lower-rated bonds.
- Provides a moderate and sustainable level of current income.
- Manages interest rate risk through its maturity strategy.
How Does VWITX Make Money?
- Generates income by investing in municipal bonds.
- Passes income on to investors in the form of dividends.
- Charges a management fee to cover its operating expenses.
- Aims to provide tax-exempt income to its investors.
What Industry Does VWITX Operate In?
VWITX operates within the asset management industry, specifically focusing on municipal bond funds. The market for municipal bonds is influenced by factors such as interest rates, tax policies, and the creditworthiness of municipal issuers. The competitive landscape includes other mutual funds and ETFs that invest in municipal bonds. VWITX differentiates itself through its focus on high-quality bonds and its experienced management team. The asset management industry is experiencing growth driven by increasing demand for investment products and services.
Who Are VWITX's Key Customers?
- Individual investors seeking tax-advantaged income.
- Retirees looking for a steady stream of income.
- High-net-worth individuals seeking to minimize their tax burden.
- Financial advisors seeking tax-efficient investment options for their clients.
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) Valuation Context
Valued at $90.0B, VWITX is classified as a large-cap stock. Relative to its peer group, VWITX's quantitative score of 50/100 is roughly in line with the peer average of 51/100.
Key Financial Metrics
Return on equity for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares stands at 3.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.7%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 18.60 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile.
VWITX Financials
Bull Case vs Bear Case
Bull Case
- Strong brand reputation of Vanguard.
- Large asset base provides economies of scale.
- Focus on high-quality municipal bonds.
- Experienced management team.
Bear Case
- Vulnerable to interest rate fluctuations.
- Limited exposure to higher-yielding, lower-rated bonds.
- May underperform in periods of rising interest rates.
- Dependent on the creditworthiness of municipal issuers.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
VWITX Latest News
No recent news available for VWITX.
VWITX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VWITX.
Price Targets
Wall Street price target analysis for VWITX.
VWITX MoonshotScore
What does this score mean?
The MoonshotScore rates VWITX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
VWITX Financial Services Stock FAQ
What does the AI Score mean for VWITX?
VWITX holds an AI Score of 50/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) aims to provide federal tax-exempt income through municipal bonds. The fund maintains a dollar-weighted average maturity of 6 …
What does Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares do?
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) provides a moderate and sustainable level of current income that is exempt from federal personal income taxes. The fund invests primarily in municipal bonds, with at least 75% of its assets in securities rated in the top three credit-rating categories.
What are the main risks for VWITX?
The main risks for VWITX include interest rate risk, credit risk, and legislative risk. Rising interest rates can negatively impact bond prices, leading to losses for the fund. Credit risk refers to the possibility that municipal issuers may default on their debt obligations.
How does VWITX manage credit risk in its municipal bond portfolio?
VWITX manages credit risk primarily by investing in high-quality municipal bonds. At least 75% of the fund's assets are invested in securities rated in the top three credit-rating categories by a nationally recognized statistical rating organization. This focus on high-quality bonds reduces the likelihood of defaults and ensures a stable income stream for investors.
What are the potential impacts of changes in federal tax policy on VWITX?
Changes in federal tax policy can significantly impact the attractiveness of tax-exempt municipal bonds and, consequently, VWITX. If federal income tax rates are lowered, the value of tax-exempt income may decrease, potentially reducing demand for the fund. Conversely, if tax rates are raised, the demand for tax-exempt investments like VWITX could increase. Investors should closely monitor changes in tax laws to assess their potential impact on the fund's performance.
What are the key factors to evaluate for VWITX?
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) holds an AI score of 50/100 (moderate). VWITX presents a compelling option for investors seeking tax-advantaged income. Not financial advice.
How frequently does VWITX data refresh on this page?
VWITX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven VWITX's recent stock price performance?
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand reputation of Vanguard. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider VWITX overvalued or undervalued right now?
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for VWITX, which may provide further insights.
- Investment decisions should be based on individual circumstances and risk tolerance.