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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.68

$5.76 B

4.79%

$0.61

0.17%

Vitals

YTD Return

-1.1%

1 yr return

2.9%

3 Yr Avg Return

5.5%

5 Yr Avg Return

3.5%

Net Assets

$5.76 B

Holdings in Top 10

5.1%

52 WEEK LOW AND HIGH

$12.7
$12.59
$12.93

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

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 Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.68

$5.76 B

4.79%

$0.61

0.17%

VCITX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.66%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard California Long Term Tax Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Apr 07, 1986
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James D'Arcy

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 10 and 25 years. The fund is non-diversified.


VCITX - Performance

Return Ranking - Trailing

Period VCITX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -88.5% 100.4% 62.74%
1 Yr 2.9% -20.5% 20.4% 47.20%
3 Yr 5.5%* -6.2% 10.4% 15.52%
5 Yr 3.5%* -3.5% 6.8% 13.00%
10 Yr 4.7%* -0.2% 8.7% 13.00%

* Annualized

Return Ranking - Calendar

Period VCITX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 21.74%
2019 5.4% -79.8% 15.4% 12.20%
2018 -2.6% -72.6% 97.2% 58.03%
2017 3.4% -100.0% 7.6% 10.73%
2016 -3.2% -35.9% 96.8% 68.86%

Total Return Ranking - Trailing

Period VCITX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -88.5% 100.3% 62.78%
1 Yr 2.9% -24.2% 24.2% 30.77%
3 Yr 5.5%* -7.0% 11.7% 14.07%
5 Yr 3.5%* -4.0% 6.8% 10.27%
10 Yr 4.7%* -0.6% 8.7% 11.50%

* Annualized

Total Return Ranking - Calendar

Period VCITX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 21.74%
2019 5.4% -79.8% 15.4% 12.20%
2018 -2.6% -72.6% 11.0% 59.36%
2017 3.4% -100.0% 7.6% 12.45%
2016 -3.2% -35.9% 3.0% 71.90%

NAV & Total Return History


VCITX - Holdings

Concentration Analysis

VCITX Category Low Category High VCITX % Rank
Net Assets 5.76 B 878 K 87.9 B 6.19%
Number of Holdings 1514 1 12437 4.30%
Net Assets in Top 10 301 M -308 M 3.93 B 9.38%
Weighting of Top 10 5.14% 2.3% 100.0% 97.78%

Top 10 Holdings

  1. Us 5yr Note (Cbt) Mar21 3.06%
  2. Us 5yr Note (Cbt) Mar21 3.06%
  3. Us 5yr Note (Cbt) Mar21 3.06%
  4. Us 5yr Note (Cbt) Mar21 3.06%
  5. Us 5yr Note (Cbt) Mar21 3.06%
  6. Us 5yr Note (Cbt) Mar21 3.06%
  7. Us 5yr Note (Cbt) Mar21 3.06%
  8. Us 5yr Note (Cbt) Mar21 3.06%
  9. Us 5yr Note (Cbt) Mar21 3.06%
  10. Us 5yr Note (Cbt) Mar21 3.06%

Asset Allocation

Weighting Return Low Return High VCITX % Rank
Bonds
99.86% 46.14% 145.79% 42.67%
Cash
0.14% -45.79% 53.86% 55.92%
Stocks
0.00% -1.11% 2.80% 48.44%
Preferred Stocks
0.00% -3.40% 1.04% 45.47%
Other
0.00% -9.70% 30.00% 46.74%
Convertible Bonds
0.00% -0.02% 1.09% 46.17%

Bond Sector Breakdown

Weighting Return Low Return High VCITX % Rank
Municipal
99.86% 46.14% 100.00% 37.20%
Cash & Equivalents
0.14% 0.00% 53.86% 61.82%
Derivative
0.00% 0.00% 1.12% 46.13%
Securitized
0.00% 0.00% 8.03% 46.95%
Corporate
0.00% 0.00% 11.97% 54.44%
Government
0.00% 0.00% 50.79% 48.91%

Bond Geographic Breakdown

Weighting Return Low Return High VCITX % Rank
US
99.30% 0.00% 141.11% 32.98%
Non US
0.56% 0.00% 100.00% 49.69%

VCITX - Expenses

Operational Fees

VCITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.04% 4.23% 98.38%
Management Fee 0.15% 0.00% 1.60% 3.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VCITX 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

VCITX 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.

VCITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 314.00% 69.28%

VCITX - Distributions

Dividend Yield Analysis

VCITX Category Low Category High VCITX % Rank
Dividend Yield 4.79% 0.00% 35.27% 53.58%

Dividend Distribution Analysis

VCITX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VCITX Category Low Category High VCITX % Rank
Net Income Ratio 2.66% -0.53% 24.00% 23.20%

Capital Gain Distribution Analysis

VCITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Monthly Monthly

Dividend Payout History

View More +

VCITX - Fund Manager Analysis

Managers

James D'Arcy


Start Date

Tenure

Tenure Rank

Jul 22, 2011

10.2

10.2%

James M. D’Arcy, CFA, Portfolio Manager at Vanguard. He has worked in investment management since 1996, has managed investment portfolios since 1999, has been with Vanguard since 2011. Prior to this, James D'Arcy is a director and senior portfolio manager for Columbia Management focusing on tax-exempt and crossover short duration accounts. In addition, he manages two short-term funds and various short-term separate accounts and is responsible for developing tax-exempt strategies for Columbia Management’s tax-exempt liquidity strategies group. Mr. D'Arcy joined Columbia Management in 1999 and has been a member of the investment community since 1996. Prior to joining Columbia Management, Mr. D'Arcy worked on the fixed-income trading desk at Wells Capital Management. Mr. D'Arcy received his B.A. in economics from the University of Colorado at Boulder. He holds the Chartered Financial Analyst designation. In addition, he is a member of the CFA North Carolina Society and the National Federation of Municipal Analysts.

Stephen McFee


Start Date

Tenure

Tenure Rank

Nov 19, 2020

0.86

0.9%

Stephen M. McFee, CFA, Portfolio Manager and co-lead of the municipal revenue team in Vanguard's Fixed Income Group. He has been with Vanguard since 2005, has worked in investment management since 2007. Education: B.A./B.S., East Stroudsburg University; M.S., St. Joseph's University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 36.52 7.22 0.91