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Morningstar

Vanguard California Tax-Exempt Bond ETF VTEC

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VTEC

Will VTEC outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTEC’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VTEC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VTEC’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Vanguard California Tax-Exempt Bond ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VTEC

More VTEC Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MIZUHO FLOATER / RESIDUAL TR VAR STS

3.24 2.1 Mil
municipal

LOS ANGELES CALIF CMNTY COLLEGE DIST

0.94 607,137
municipal

LOS ANGELES CALIF WASTEWATER SYS REV

0.69 449,761
municipal

CALIFORNIA ST

0.64 413,236
municipal

SAN DIEGO CALIF PUB FACS FING AUTH SWR REV

0.62 401,798
municipal

CALIFORNIA ST

0.52 336,117
municipal

SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST SALES TAX REV

0.47 305,438
municipal

RIVERSIDE CNTY CALIF PUB FING AUTH LEASE REV

0.45 288,299
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV

0.44 286,250
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV

0.44 285,976
municipal