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Vanguard CA Long-Term Tax-Exempt Adm VCLAX

Analyst rating as of
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Morningstar’s Analysis

Will VCLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillar’s below.

A strong option for long-dated California municipal market exposure.

Summary

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Vanguard California Long-Term Tax-Exempt Bond marries a winning combination of a careful investment process, a well-structured team, and rock-bottom fees. Under our new ratings methodology, both share classes retain their Morningstar Analyst Ratings of Silver.

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