Morningstar

Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares VCAIX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $11.16  /  +0.18 %
  • Fund Size $18.3B
  • Adjusted Expense Ratio 0.140%
  • Net Expense Ratio 0.150%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni California Intermediate
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 3.34%
  • Average Effective Duration 5.87 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VCAIX

Will VCAIX outperform in the 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.

A topnotch California muni offering.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard California Intermediate-Term Tax-Exempt Fund combines experienced leadership with a disciplined approach that stands out and delivers consistently strong results among peers.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VCAIX

More VCAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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0.82 149M
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0.71 129M
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CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.71 129M
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CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.70 128M
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CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.68 123M
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CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.67 121M
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CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.65 119M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.64 117M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.64 116M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.60 109M
municipal

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