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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vanguard California Intermediate Term Tax Exempt Fund

VCAIX | Fund

$12.15

$19.2 B

4.29%

$0.52

0.17%

Vitals

YTD Return

-1.7%

1 yr return

1.6%

3 Yr Avg Return

4.3%

5 Yr Avg Return

2.8%

Net Assets

$19.2 B

Holdings in Top 10

3.1%

52 WEEK LOW AND HIGH

$12.2
$12.15
$12.42

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni California Intermediate

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Vanguard California Intermediate Term Tax Exempt Fund

VCAIX | Fund

$12.15

$19.2 B

4.29%

$0.52

0.17%

VCAIX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.25%
DIVIDENDS
  • Dividend Yield 4.3%
  • 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 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 -1.7% -88.5% 99.9% 74.27%
1 Yr 1.6% -20.5% 20.4% 73.28%
3 Yr 4.3%* -6.2% 10.4% 47.01%
5 Yr 2.8%* -3.5% 6.8% 40.60%
10 Yr 3.6%* -0.2% 8.7% 39.07%

* Annualized

Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 21.65%
2019 4.1% -79.8% 15.4% 32.83%
2018 -1.4% -72.6% 97.2% 18.42%
2017 2.2% -100.0% 7.6% 30.15%
2016 -2.7% -35.9% 96.8% 43.12%

Total Return Ranking - Trailing

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -88.5% 100.0% 74.31%
1 Yr 1.6% -24.2% 24.2% 45.16%
3 Yr 4.3%* -7.0% 11.7% 38.40%
5 Yr 2.8%* -4.0% 6.8% 31.57%
10 Yr 3.6%* -0.6% 8.7% 36.14%

* Annualized

Total Return Ranking - Calendar

Period VCAIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 21.65%
2019 4.1% -79.8% 15.4% 33.93%
2018 -1.4% -72.6% 11.0% 21.03%
2017 2.2% -100.0% 7.6% 33.58%
2016 -2.7% -35.9% 3.0% 46.62%

NAV & Total Return History

VCAIX - Holdings

Concentration Analysis

VCAIX Category Low Category High VCAIX % Rank
Net Assets 19.2 B 878 K 87.9 B 0.76%
Number of Holdings 5850 1 12437 0.33%
Net Assets in Top 10 595 M -308 M 3.88 B 2.95%
Weighting of Top 10 3.09% 2.3% 100.0% 99.47%

Top 10 Holdings

  1. NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 0.54%
  2. CALIFORNIA HSG FIN AGY MUN CTFS 0.34%
  3. CALIFORNIA HEALTH FACS FING AUTH REV 0.31%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.29%
  5. UNIVERSITY CALIF REVS 0.29%
  6. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 0.28%
  7. CALIFORNIA ST 0.28%
  8. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 0.27%
  9. CALIFORNIA HSG FIN AGY MUN CTFS 0.27%
  10. CALIFORNIA ST 0.27%

Asset Allocation

Weighting Return Low Return High VCAIX % Rank
Bonds 		99.22% 46.14% 145.79% 54.67%
Cash 		0.78% -45.79% 53.86% 44.45%
Stocks 		0.00% -1.11% 3.02% 38.94%
Preferred Stocks 		0.00% -3.40% 1.04% 35.35%
Other 		0.00% -9.70% 30.00% 37.03%
Convertible Bonds 		0.00% -0.02% 0.75% 36.13%

Bond Sector Breakdown

Weighting Return Low Return High VCAIX % Rank
Municipal 		99.22% 46.14% 100.00% 49.49%
Cash & Equivalents 		0.78% 0.00% 53.86% 49.00%
Derivative 		0.00% 0.00% 1.12% 36.09%
Securitized 		0.00% 0.00% 8.03% 36.75%
Corporate 		0.00% 0.00% 11.97% 46.54%
Government 		0.00% 0.00% 50.79% 40.31%

Bond Geographic Breakdown

Weighting Return Low Return High VCAIX % Rank
US 		98.56% 0.00% 141.11% 40.19%
Non US 		0.66% 0.00% 100.00% 48.42%

VCAIX - Expenses

Operational Fees

VCAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.04% 4.23% 98.16%
Management Fee 0.15% 0.00% 1.60% 3.27%
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 0.00% 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% 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 20.00% 0.00% 314.00% 51.70%

VCAIX - Distributions

Dividend Yield Analysis

VCAIX Category Low Category High VCAIX % Rank
Dividend Yield 4.29% 0.00% 35.27% 43.57%

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% -0.53% 24.00% 46.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VCAIX - Fund Manager Analysis

Managers

Adam Ferguson

Start Date

Tenure

Tenure Rank

Jun 28, 2013

8.26

8.3%

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
0.06 36.52 7.21 0.91

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