Key stats
About Vanguard California Tax-Exempt Bond ETF
Home page
Inception date
Jan 26, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VTEC is passively managed to provide broad exposure to California muni bonds. The fund holds USD-denominated municipal bonds issued in California, whose interest is exempt from US and California income taxes and the alternative minimum tax (AMT). Eligible securities must have a rating of at least investment grade, a minimum par amount of $15 million, and a remaining term to maturity of at least one month. The fund uses a sampling strategy to track the market value-weighted index, which rebalances monthly. As with all Vanguard ETFs, VTEC only discloses its holdings monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Top 10 holdings
Symbol
Assets
Symbol
Assets
B
Bay Area Toll Auth Calif Toll Brdg Rev 4.0% 01-APR-2035
0.72%
L
Los Angeles Calif Uni Sch Dist 5.0% 01-JUL-2033
0.71%
E
East Bay Calif Mun Util Dist Wtr Sys Rev 5.0% 01-JUN-2031
0.59%
T
Tender Opt Bd Tr Rcpts / Ctfs Var Sts VAR 01-AUG-2052
0.58%
S
San Francisco Calif City & Cnty Uni Sch Dist 4.0% 15-JUN-2033
0.51%
C
California St 5.0% 01-OCT-2035
0.49%
S
Southern Calif Pub Pwr Auth Pwr Proj Rev VAR 01-JUL-2036
0.44%
L
Los Angeles Calif Cmnty College Dist 5.0% 01-AUG-2028
0.42%
S
San Francisco Calif City & Cnty Pub Utils Commnwastewater R Ev 5.0% 01-OCT-2028
0.42%
C
California St 5.0% 01-AUG-2031
0.41%
Top 10 weight5.29%
2857 total holdings
Dividends
Dividend payout history