VCAIX: Vanguard CA Interm-Term Tax-Exempt Inv

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

VCAIX Vanguard CA Interm-Term Tax-Exempt Inv


Profile

VCAIX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $15.7 B
  • Holdings in Top 10 3.4%

52 WEEK LOW AND HIGH

$12.15
$11.10
$12.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

Performance

VCAIX - Performance

Return Ranking - Trailing

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -7.6% 2.1% 6.70%
1 Yr 1.8% -4.5% 4.9% 8.42%
3 Yr 1.0%* -1.8% 1.8% 13.79%
5 Yr 0.8%* -1.2% 2.0% 12.90%
10 Yr 1.0%* -0.3% 1.7% 24.22%

* Annualized

Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% 2.4% 8.8% 46.84%
2018 -1.4% -6.2% 2.8% 12.09%
2017 2.2% -0.2% 6.8% 51.81%
2016 -2.7% -7.9% -1.7% 23.57%
2015 0.3% -1.9% 1.8% 36.36%

Total Return Ranking - Trailing

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -7.6% 2.1% 6.70%
1 Yr 1.8% -4.5% 4.9% 10.00%
3 Yr 1.0%* -1.8% 2.8% 18.39%
5 Yr 0.8%* -1.2% 3.3% 17.42%
10 Yr 1.0%* -0.3% 4.4% 29.69%

* Annualized

Total Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% 2.4% 8.8% 46.84%
2018 -1.4% -6.2% 2.8% 16.48%
2017 2.2% -0.2% 6.9% 59.64%
2016 -2.7% -7.9% 0.8% 27.39%
2015 0.3% -1.9% 3.7% 40.91%

NAV & Total Return History


Holdings

VCAIX - Holdings

Concentration Analysis

VCAIX Category Low Category High VCAIX % Rank
Net Assets 15.7 B 2.77 M 15.7 B 3.09%
Number of Holdings 4406 19 4406 0.52%
Net Assets in Top 10 536 M -109 M 2.84 B 4.12%
Weighting of Top 10 3.39% 3.4% 72.3% 99.48%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High VCAIX % Rank
Bonds
99.17% 90.04% 139.20% 50.00%
Cash
0.83% -39.20% 9.96% 43.30%
Stocks
0.00% 0.00% 0.10% 45.88%
Preferred Stocks
0.00% 0.00% 0.00% 43.81%
Other
0.00% -0.14% 2.27% 51.55%
Convertible Bonds
0.00% 0.00% 0.00% 43.81%

Bond Sector Breakdown

Weighting Return Low Return High VCAIX % Rank
Municipal
99.17% 48.57% 101.06% 53.61%
Cash & Equivalents
0.83% -0.27% 10.98% 45.88%
Derivative
0.00% 0.00% 0.00% 43.81%
Securitized
0.00% 0.00% 0.00% 43.81%
Corporate
0.00% 0.00% 2.65% 50.00%
Government
0.00% -0.79% 47.09% 44.85%

Bond Geographic Breakdown

Weighting Return Low Return High VCAIX % Rank
US
98.69% 83.68% 135.59% 33.51%
Non US
0.48% 0.00% 8.76% 75.26%

Expenses

VCAIX - Expenses

Operational Fees

VCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.09% 3.74% 98.45%
Management Fee 0.15% 0.00% 0.65% 3.09%
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 1.00% 1.00% 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 9.00% 2.00% 235.00% 9.33%

Distributions

VCAIX - Distributions

Dividend Yield Analysis

VCAIX Category Low Category High VCAIX % Rank
Dividend Yield 0.00% 0.00% 0.95% 61.34%

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 2.50% 0.73% 5.75% 73.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VCAIX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

Jun 28, 2013

6.84

6.8%

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 Category High Category Average Category Mode
0.08 31.35 8.74 7.17