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Morningstar

Vanguard CA Long-Term Tax-Exempt Adm VCLAX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 11.29  /  0.17 %
  • Total Assets 4.5 Bil
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 3.12%
  • Effective Duration 7.79 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

Morningstar’s Analysis VCLAX

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

People Pillar

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

Management Addition at Vanguard California Long-Term Tax-Exempt; Ratings Unchanged

null Elizabeth Foos

Elizabeth Foos

Analyst Note

Vanguard announced portfolio manager changes for several of its active and index municipal strategies on Oct. 3.

by Elizabeth Foos
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VCLAX

More VCLAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1367
  • Other Holdings 1
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV

1.53
71,404,857
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.84
39,087,000
municipal

UNIV CALIF REGTS MED CTR POOLED REV

0.77
35,948,027
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.69
32,266,000
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.67
31,463,580
municipal

CHINO VY UNI SCH DIST CALIF

0.67
31,302,180
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.66
30,728,014
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.60
28,170,000
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.55
25,821,933
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

0.54
25,000,849
municipal