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Morningstar

Vanguard CA Interm-Term Tax-Exempt Inv VCAIX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.97  /  0.07 %
  • Total Assets 15.1 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.47%
  • Effective Duration 4.52 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis VCAIX

Will VCAIX 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 VCAIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VCAIX 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 VCAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still one of the best California muni offerings.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

Vanguard California Intermediate-Term Tax-Exempt Bond continues to be one of the strongest candidates for straight forward exposure to the California municipal market. The strategy's cheaper admiral share class earns a Morningstar Analyst Rating of Gold, while its investor shares are rated Silver.

by Elizabeth Templeton
Rated on Published on

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Portfolio Holdings VCAIX

More VCAIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 4987
  • Other Holdings 1
  • % Assets in Top 10 Holdings 5.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.78
117,858,512
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.73
110,082,985
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV

0.72
109,163,456
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.70
104,860,279
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.59
89,366,597
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.53
79,453,236
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.49
73,550,000
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

0.41
61,442,087
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS

0.38
57,070,000
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

0.34
51,987,453
municipal