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VCAIX Vanguard CA Interm-Term Tax-Exempt Inv

  • Fund
  • VCAIX
  • Price as of: Sep 20, 2019
  • $12.06 + $0.01 + 0.08%

VCAIX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $16 B
  • Holdings in Top 10 3.8%

52 WEEK LOW AND HIGH

$12.06
$11.39
$12.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Intermediate

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.63%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard California Intermediate Term Tax Exempt Fund
  • Fund Family Name Vanguard
  • Inception Date Mar 04, 1994
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Adam M. Ferguson

Fund Description

The Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) seeks to provide a moderate level of income that is exempt from Federal taxes as well as California state taxes. The fund invests in a variety of muni bonds issued by the state of California and its authorities. The fund uses fundamental credit quality analysis to reduce risk and buy bonds that have the potential for a high total return and income.

For investors in higher tax brackets who live in California, VCAIX makes an ideal choice for fixed-income portfolios. The fund is managed by Vanguard’s Fixed Income Group.

VCAIX - Performance

Return Ranking - Trailing

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% 2.2% 7.7% 68.00%
1 Yr 4.7% 0.9% 6.9% 44.19%
3 Yr 0.1%* -1.3% 1.3% 25.00%
5 Yr 0.6%* -0.6% 1.7% 35.77%
10 Yr 0.9%* -1.0% 2.5% 44.95%

* Annualized


Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.4% -4.3% 2.8% 13.17%
2017 2.2% -0.2% 6.8% 50.99%
2016 -2.7% -4.7% -1.7% 26.06%
2015 0.3% -1.9% 1.8% 35.97%
2014 4.8% 1.5% 15.6% 81.48%

Total Return Ranking - Trailing

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% 2.2% 7.7% 68.00%
1 Yr 4.7% 0.9% 10.7% 50.00%
3 Yr 0.1%* -1.2% 2.7% 31.25%
5 Yr 0.6%* -0.6% 4.1% 43.07%
10 Yr 0.9%* -1.0% 5.4% 50.46%

* Annualized


Total Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.4% -4.3% 2.8% 17.96%
2017 2.2% -0.2% 6.9% 59.60%
2016 -2.7% -4.6% 0.8% 30.28%
2015 0.3% -1.9% 3.7% 41.01%
2014 4.8% 2.0% 15.7% 85.19%

NAV & Total Return History

VCAIX - Holdings

Concentration Analysis

VCAIX Category Low Category High VCAIX % Rank
Net Assets 16 B 4.03 M 16.5 B 3.37%
Number of Holdings 3999 34 3999 0.56%
Net Assets in Top 10 584 M -676 K 2.99 B 6.74%
Weighting of Top 10 3.80% 3.8% 80.1% 99.44%

Top 10 Holdings

  1. NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% 0.47%

  2. CALIFORNIA ST 5% 0.45%

  3. CALIFORNIA MUN FIN AUTH REV 0.05% 0.44%

  4. UNIVERSITY CALIF REVS 5% 0.39%

  5. CALIFORNIA ST 5% 0.37%

  6. CALIFORNIA ST 5% 0.35%

  7. CALIFORNIA ST 5% 0.34%

  8. CALIFORNIA ST 3% 0.34%

  9. LOS ANGELES CALIF CMNTY COLLEGE DIST 5% 0.33%

  10. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.12% 0.32%


Asset Allocation

Weighting Return Low Return High VCAIX % Rank
Bonds
99.51% 91.08% 111.67% 50.56%
Cash
0.49% -11.67% 8.91% 47.75%
Stocks
0.00% 0.00% 0.20% 25.84%
Preferred Stocks
0.00% 0.00% 0.00% 24.72%
Other
0.00% 0.00% 2.17% 30.34%
Convertible Bonds
0.00% 0.00% 0.00% 24.72%

Bond Sector Breakdown

Weighting Return Low Return High VCAIX % Rank
Municipal
99.51% 91.09% 111.67% 50.00%
Cash & Equivalents
0.49% -11.67% 8.91% 46.07%
Derivative
0.00% 0.00% 0.00% 24.72%
Securitized
0.00% 0.00% 0.00% 24.72%
Corporate
0.00% 0.00% 1.70% 32.02%
Government
0.00% -5.28% 1.31% 24.72%

Bond Geographic Breakdown

Weighting Return Low Return High VCAIX % Rank
US
99.23% 87.68% 111.67% 33.71%
Non US
0.28% 0.00% 8.93% 75.84%

VCAIX - Expenses

Operational Fees

VCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.09% 28.64% 98.28%
Management Fee 0.15% 0.00% 0.63% 2.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

VCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% N/A

Turnover 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 16.00% 2.00% 293.00% 31.25%

VCAIX - Distributions

Dividend Yield Analysis

VCAIX Category Low Category High VCAIX % Rank
Dividend Yield 1.28% 0.04% 4.36% 66.85%

Dividend Distribution Analysis

VCAIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

VCAIX Category Low Category High VCAIX % Rank
Net Income Ratio 2.63% 0.87% 4.50% 70.69%

Capital Gain Distribution Analysis

VCAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

VCAIX - Managers

Adam M. Ferguson

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2013

6.18

6.2%

Adam M. Ferguson, CFA, Portfolio Manager. He has been with Vanguard since 2004; has worked in investment management since 2008. Education: B.S., Wilmington University.


Tenure Analysis

Category Low

0.17

Category High

30.68

Category Average

8.8

Category Mode

6.51