Vanguard CA Interm-Term Tax-Exempt Inv
- VCAIX
- Price as of: Mar 05, 2021
-
$12.20
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Vanguard
- Share Class
VCAIX - Snapshot
Vitals
- YTD Return -1.1%
- 3 Yr Annualized Return 4.2%
- 5 Yr Annualized Return 2.9%
- Net Assets $18.2 B
- Holdings in Top 10 3.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.17%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 20.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $3,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni California Intermediate
VCAIX - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.25%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanguard California Intermediate Term Tax Exempt Fund
-
Fund Family NameVanguard
-
Inception DateMar 04, 1994
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdam Ferguson
Fund Description
The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional governmental and public financing authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 6 and 12 years. The fund is non-diversified.
VCAIX - Performance
Return Ranking - Trailing
Period | VCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -2.7% | 1.7% | 73.93% |
1 Yr | 0.9% | -5.6% | 5.8% | 24.46% |
3 Yr | 4.2%* | 0.3% | 9.5% | 38.74% |
5 Yr | 2.9%* | -0.5% | 7.5% | 42.56% |
10 Yr | 4.2%* | -0.1% | 10.0% | 36.91% |
* Annualized
Return Ranking - Calendar
Period | VCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 24.85% |
2019 | 4.1% | -0.3% | 15.4% | 36.05% |
2018 | -1.4% | -10.3% | 97.2% | 24.25% |
2017 | 2.2% | -100.0% | 7.6% | 30.01% |
2016 | -2.7% | -7.9% | 96.8% | 45.42% |
Total Return Ranking - Trailing
Period | VCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.1% | -2.7% | 1.7% | 73.93% |
1 Yr | 0.9% | -5.9% | 5.8% | 18.96% |
3 Yr | 4.2%* | -1.7% | 9.5% | 32.49% |
5 Yr | 2.9%* | -1.6% | 7.5% | 35.71% |
10 Yr | 4.2%* | -0.2% | 10.0% | 33.55% |
* Annualized
Total Return Ranking - Calendar
Period | VCAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 24.85% |
2019 | 4.1% | -0.3% | 15.4% | 37.49% |
2018 | -1.4% | -10.3% | 11.0% | 27.96% |
2017 | 2.2% | -100.0% | 7.6% | 34.75% |
2016 | -2.7% | -7.9% | 3.0% | 50.15% |
NAV & Total Return History
VCAIX - Holdings
Concentration Analysis
VCAIX | Category Low | Category High | VCAIX % Rank | |
---|---|---|---|---|
Net Assets | 18.2 B | 632 K | 82.7 B | 0.74% |
Number of Holdings | 5249 | 3 | 11152 | 0.45% |
Net Assets in Top 10 | 562 M | -192 M | 4.18 B | 5.06% |
Weighting of Top 10 | 3.11% | 2.5% | 100.0% | 99.26% |
Top 10 Holdings
- NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 0.52%
- CALIFORNIA HEALTH FACS FING AUTH REV 0.33%
- UNIVERSITY CALIF REVS 0.31%
- CALIFORNIA ST 0.30%
- BAY AREA TOLL AUTH CALIF TOLL BRDG REV 0.29%
- CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 0.28%
- CALIFORNIA HSG FIN AGY MUN CTFS 0.28%
- CALIFORNIA ST 0.27%
- CALIFORNIA ST 0.27%
- SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV 0.26%
Asset Allocation
Weighting | Return Low | Return High | VCAIX % Rank | |
---|---|---|---|---|
Bonds | 99.85% | 73.02% | 147.73% | 23.28% |
Cash | 0.15% | -47.72% | 26.99% | 74.60% |
Stocks | 0.00% | 0.00% | 2.18% | 20.50% |
Preferred Stocks | 0.00% | -0.94% | 0.00% | 16.82% |
Other | 0.00% | -13.58% | 13.72% | 20.85% |
Convertible Bonds | 0.00% | -0.92% | 1.32% | 17.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VCAIX % Rank | |
---|---|---|---|---|
Municipal | 99.85% | 46.52% | 100.00% | 22.27% |
Cash & Equivalents | 0.15% | 0.00% | 26.99% | 75.91% |
Derivative | 0.00% | 0.00% | 0.85% | 16.88% |
Securitized | 0.00% | 0.00% | 6.51% | 18.92% |
Corporate | 0.00% | 0.00% | 15.75% | 30.63% |
Government | 0.00% | 0.00% | 50.01% | 24.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VCAIX % Rank | |
---|---|---|---|---|
US | 99.25% | 72.29% | 141.36% | 16.76% |
Non US | 0.60% | 0.00% | 25.16% | 56.76% |
VCAIX - Expenses
Operational Fees
VCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.01% | 16.95% | 98.03% |
Management Fee | 0.15% | 0.00% | 1.10% | 3.01% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
VCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
VCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VCAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 0.00% | 299.40% | 47.38% |
VCAIX - Distributions
Dividend Yield Analysis
VCAIX | Category Low | Category High | VCAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.85% | 22.11% |
Dividend Distribution Analysis
VCAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VCAIX | Category Low | Category High | VCAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.25% | -1.65% | 6.48% | 55.97% |
Capital Gain Distribution Analysis
VCAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Apr 01, 2019 | $0.026 |
Mar 01, 2019 | $0.024 |
Feb 01, 2019 | $0.026 |
Jan 02, 2019 | $0.026 |
Dec 03, 2018 | $0.025 |
Nov 01, 2018 | $0.026 |
Sep 04, 2018 | $0.026 |
Aug 01, 2018 | $0.026 |
Jul 02, 2018 | $0.025 |
Jun 01, 2018 | $0.026 |
May 01, 2018 | $0.025 |
Apr 02, 2018 | $0.026 |
Mar 01, 2018 | $0.023 |
Feb 01, 2018 | $0.026 |
Jan 02, 2018 | $0.026 |
Dec 01, 2017 | $0.025 |
Nov 01, 2017 | $0.026 |
Oct 02, 2017 | $0.025 |
Sep 01, 2017 | $0.025 |
Aug 01, 2017 | $0.026 |
Jul 03, 2017 | $0.025 |
Jun 01, 2017 | $0.026 |
May 01, 2017 | $0.025 |
Apr 03, 2017 | $0.026 |
Mar 01, 2017 | $0.023 |
Feb 01, 2017 | $0.026 |
Jan 03, 2017 | $0.026 |
Dec 01, 2016 | $0.025 |
Nov 01, 2016 | $0.025 |
Oct 03, 2016 | $0.024 |
Sep 01, 2016 | $0.025 |
Aug 01, 2016 | $0.026 |
Jul 01, 2016 | $0.025 |
Jun 01, 2016 | $0.026 |
May 02, 2016 | $0.026 |
Apr 01, 2016 | $0.026 |
Mar 01, 2016 | $0.025 |
Feb 01, 2016 | $0.027 |
Jan 04, 2016 | $0.027 |
Dec 01, 2015 | $0.026 |
Nov 02, 2015 | $0.027 |
Oct 01, 2015 | $0.027 |
Sep 01, 2015 | $0.028 |
Aug 03, 2015 | $0.028 |
Jul 01, 2015 | $0.027 |
Jun 01, 2015 | $0.028 |
May 01, 2015 | $0.027 |
Apr 01, 2015 | $0.029 |
Mar 02, 2015 | $0.026 |
Feb 02, 2015 | $0.029 |
Jan 02, 2015 | $0.029 |
Dec 01, 2014 | $0.028 |
Nov 03, 2014 | $0.029 |
Oct 01, 2014 | $0.028 |
Sep 02, 2014 | $0.029 |
Aug 01, 2014 | $0.030 |
Jul 01, 2014 | $0.029 |
Jun 02, 2014 | $0.031 |
May 01, 2014 | $0.030 |
Apr 01, 2014 | $0.031 |
Mar 03, 2014 | $0.028 |
Feb 03, 2014 | $0.032 |
Jan 02, 2014 | $0.031 |
Dec 02, 2013 | $0.030 |
Nov 01, 2013 | $0.031 |
Oct 01, 2013 | $0.030 |
Sep 03, 2013 | $0.031 |
Aug 01, 2013 | $0.031 |
Jul 01, 2013 | $0.029 |
Jun 03, 2013 | $0.031 |
May 01, 2013 | $0.033 |
Apr 01, 2013 | $0.035 |
Mar 01, 2013 | $0.029 |
Feb 01, 2013 | $0.031 |
Jan 02, 2013 | $0.031 |
Dec 03, 2012 | $0.030 |
Nov 01, 2012 | $0.031 |
Oct 01, 2012 | $0.030 |
Sep 04, 2012 | $0.031 |
Aug 01, 2012 | $0.032 |
Jul 02, 2012 | $0.031 |
Jun 01, 2012 | $0.032 |
May 01, 2012 | $0.032 |
Apr 02, 2012 | $0.032 |
Mar 01, 2012 | $0.031 |
Feb 01, 2012 | $0.034 |
Jan 03, 2012 | $0.034 |
Dec 01, 2011 | $0.033 |
Nov 01, 2011 | $0.034 |
Oct 03, 2011 | $0.033 |
Sep 01, 2011 | $0.034 |
Aug 01, 2011 | $0.034 |
Jul 01, 2011 | $0.033 |
Jun 01, 2011 | $0.035 |
May 02, 2011 | $0.034 |
Apr 01, 2011 | $0.035 |
Mar 01, 2011 | $0.032 |
Feb 01, 2011 | $0.036 |
Jan 03, 2011 | $0.035 |
Dec 01, 2010 | $0.033 |
Nov 01, 2010 | $0.034 |
Oct 01, 2010 | $0.033 |
Sep 01, 2010 | $0.034 |
Aug 02, 2010 | $0.034 |
Jul 01, 2010 | $0.033 |
Jun 01, 2010 | $0.035 |
May 03, 2010 | $0.034 |
Apr 01, 2010 | $0.035 |
Mar 01, 2010 | $0.032 |
Feb 01, 2010 | $0.035 |
Jan 04, 2010 | $0.035 |
Dec 01, 2009 | $0.034 |
Nov 02, 2009 | $0.034 |
Oct 01, 2009 | $0.034 |
Sep 01, 2009 | $0.035 |
Aug 03, 2009 | $0.035 |
Jul 01, 2009 | $0.034 |
Jun 01, 2009 | $0.035 |
May 01, 2009 | $0.034 |
Apr 01, 2009 | $0.035 |
Mar 02, 2009 | $0.032 |
Feb 02, 2009 | $0.035 |
Jan 02, 2009 | $0.035 |
Dec 01, 2008 | $0.034 |
Nov 03, 2008 | $0.036 |
Oct 01, 2008 | $0.035 |
Sep 02, 2008 | $0.035 |
Aug 01, 2008 | $0.036 |
Jul 01, 2008 | $0.035 |
Jun 02, 2008 | $0.036 |
May 01, 2008 | $0.035 |
Apr 01, 2008 | $0.036 |
Mar 03, 2008 | $0.034 |
Feb 01, 2008 | $0.037 |
Jan 02, 2008 | $0.037 |
Dec 03, 2007 | $0.036 |
Nov 01, 2007 | $0.037 |
Oct 01, 2007 | $0.036 |
Sep 04, 2007 | $0.037 |
Aug 01, 2007 | $0.036 |
Jul 02, 2007 | $0.035 |
Jun 01, 2007 | $0.037 |
May 01, 2007 | $0.036 |
Apr 02, 2007 | $0.037 |
Mar 01, 2007 | $0.034 |
Feb 01, 2007 | $0.037 |
Jan 03, 2007 | $0.037 |
Nov 01, 2006 | $0.037 |
Oct 02, 2006 | $0.036 |
Sep 01, 2006 | $0.037 |
Aug 01, 2006 | $0.037 |
Jul 03, 2006 | $0.036 |
Jun 01, 2006 | $0.037 |
May 01, 2006 | $0.036 |
Apr 03, 2006 | $0.037 |
Mar 01, 2006 | $0.034 |
Feb 01, 2006 | $0.037 |
Dec 01, 2005 | $0.036 |
Nov 01, 2005 | $0.037 |
Oct 03, 2005 | $0.036 |
Sep 01, 2005 | $0.037 |
Aug 01, 2005 | $0.037 |
Jul 01, 2005 | $0.036 |
Jun 01, 2005 | $0.037 |
May 02, 2005 | $0.036 |
Apr 01, 2005 | $0.036 |
Mar 01, 2005 | $0.033 |
Feb 01, 2005 | $0.037 |
Jan 03, 2005 | $0.037 |
Dec 01, 2004 | $0.036 |
Nov 01, 2004 | $0.037 |
Oct 01, 2004 | $0.036 |
Sep 01, 2004 | $0.037 |
Aug 02, 2004 | $0.037 |
Jul 01, 2004 | $0.036 |
Jun 01, 2004 | $0.037 |
May 03, 2004 | $0.036 |
Apr 01, 2004 | $0.037 |
Mar 01, 2004 | $0.035 |
Feb 02, 2004 | $0.038 |
Dec 01, 2003 | $0.037 |
Nov 03, 2003 | $0.038 |
Oct 01, 2003 | $0.037 |
Sep 02, 2003 | $0.038 |
Aug 01, 2003 | $0.038 |
Jul 01, 2003 | $0.037 |
Jun 02, 2003 | $0.039 |
May 01, 2003 | $0.038 |
Apr 01, 2003 | $0.039 |
Mar 03, 2003 | $0.036 |
Feb 03, 2003 | $0.039 |
Dec 02, 2002 | $0.038 |
Nov 01, 2002 | $0.039 |
Oct 01, 2002 | $0.038 |
Sep 03, 2002 | $0.039 |
Aug 01, 2002 | $0.040 |
Jul 01, 2002 | $0.039 |
Jun 03, 2002 | $0.041 |
May 01, 2002 | $0.039 |
Apr 01, 2002 | $0.041 |
Mar 01, 2002 | $0.037 |
Feb 01, 2002 | $0.041 |
Jan 02, 2002 | $0.041 |
Dec 03, 2001 | $0.039 |
Nov 01, 2001 | $0.041 |
Oct 01, 2001 | $0.040 |
Sep 04, 2001 | $0.042 |
Aug 01, 2001 | $0.042 |
Jul 02, 2001 | $0.041 |
Jun 01, 2001 | $0.042 |
May 01, 2001 | $0.041 |
Apr 02, 2001 | $0.042 |
Mar 01, 2001 | $0.038 |
Feb 01, 2001 | $0.042 |
Jan 02, 2001 | $0.043 |
Dec 01, 2000 | $0.041 |
Nov 01, 2000 | $0.042 |
Oct 02, 2000 | $0.041 |
Sep 01, 2000 | $0.043 |
Aug 01, 2000 | $0.042 |
Jul 03, 2000 | $0.041 |
Jun 01, 2000 | $0.042 |
May 01, 2000 | $0.041 |
Apr 03, 2000 | $0.042 |
Feb 01, 2000 | $0.042 |
Jan 03, 2000 | $0.042 |
Dec 01, 1999 | $0.040 |
Nov 01, 1999 | $0.041 |
Oct 01, 1999 | $0.040 |
Sep 01, 1999 | $0.041 |
Aug 02, 1999 | $0.040 |
Jul 01, 1999 | $0.039 |
Jun 01, 1999 | $0.041 |
May 03, 1999 | $0.039 |
Apr 01, 1999 | $0.041 |
Mar 01, 1999 | $0.041 |
Feb 01, 1999 | $0.041 |
Jan 04, 1999 | $0.041 |
Dec 01, 1998 | $0.040 |
Nov 02, 1998 | $0.041 |
Oct 01, 1998 | $0.040 |
Sep 01, 1998 | $0.041 |
Aug 03, 1998 | $0.041 |
Jul 01, 1998 | $0.040 |
Jun 01, 1998 | $0.042 |
May 01, 1998 | $0.040 |
Apr 01, 1998 | $0.041 |
Mar 02, 1998 | $0.038 |
Feb 02, 1998 | $0.042 |
Jan 02, 1998 | $0.042 |
Dec 01, 1997 | $0.041 |
Nov 03, 1997 | $0.042 |
Oct 01, 1997 | $0.041 |
Sep 02, 1997 | $0.042 |
Aug 01, 1997 | $0.042 |
Jul 01, 1997 | $0.042 |
Jun 02, 1997 | $0.043 |
May 01, 1997 | $0.042 |
Apr 01, 1997 | $0.043 |
Mar 03, 1997 | $0.039 |
Feb 03, 1997 | $0.044 |
Dec 02, 1996 | $0.043 |
Nov 01, 1996 | $0.043 |
Oct 01, 1996 | $0.041 |
Sep 03, 1996 | $0.043 |
Aug 01, 1996 | $0.043 |
Jul 01, 1996 | $0.042 |
Jun 03, 1996 | $0.043 |
May 01, 1996 | $0.041 |
Apr 01, 1996 | $0.043 |
Mar 01, 1996 | $0.040 |
Feb 01, 1996 | $0.043 |
Jan 02, 1996 | $0.044 |
Dec 01, 1995 | $0.043 |
Nov 01, 1995 | $0.044 |
Oct 02, 1995 | $0.042 |
Sep 01, 1995 | $0.044 |
Aug 01, 1995 | $0.043 |
Jul 03, 1995 | $0.042 |
Jun 01, 1995 | $0.044 |
May 01, 1995 | $0.042 |
Apr 03, 1995 | $0.043 |
Mar 01, 1995 | $0.039 |
Feb 01, 1995 | $0.042 |
Jan 03, 1995 | $0.044 |
Dec 01, 1994 | $0.043 |
Nov 01, 1994 | $0.042 |
Oct 03, 1994 | $0.042 |
Sep 01, 1994 | $0.040 |
Aug 01, 1994 | $0.040 |
Jul 01, 1994 | $0.039 |
Jun 01, 1994 | $0.039 |
May 02, 1994 | $0.036 |
VCAIX - Fund Manager Analysis
Managers
Adam Ferguson
Start Date
Tenure
Tenure Rank
Jun 28, 2013
7.68
7.7%
Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 35.94 | 7.05 | 0.32 |