Vanguard CA Long-Term Tax-Exempt Adm
- VCLAX
- Price as of: Feb 26, 2021
-
$12.59
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Vanguard
- Share Class
VCLAX - Snapshot
Vitals
- YTD Return -1.8%
- 3 Yr Annualized Return 5.7%
- 5 Yr Annualized Return 4.2%
- Net Assets $5.66 B
- Holdings in Top 10 5.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.09%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 27.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $50,000
- IRA N/A
Fund Classification
-
Primary Theme
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni California Long
VCLAX - Profile
Distributions
- YTD Total Return -1.8%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanguard California Long Term Tax Exempt Fund
-
Fund Family NameVanguard
-
Inception DateNov 12, 2001
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames D'Arcy
VCLAX - Performance
Return Ranking - Trailing
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.8% | -3.3% | 1.4% | 92.08% |
1 Yr | 4.1% | -1.0% | 9.5% | 14.25% |
3 Yr | 5.7%* | 0.0% | 10.2% | 11.62% |
5 Yr | 4.2%* | -0.4% | 8.0% | 12.30% |
10 Yr | 5.7%* | -0.1% | 10.8% | 11.80% |
* Annualized
Return Ranking - Calendar
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 24.99% |
2019 | 5.4% | -0.3% | 15.4% | 10.90% |
2018 | -2.6% | -10.3% | 97.2% | 72.30% |
2017 | 3.4% | -100.0% | 7.6% | 8.72% |
2016 | -3.2% | -7.9% | 96.8% | 71.66% |
Total Return Ranking - Trailing
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.8% | -3.3% | 1.4% | 92.08% |
1 Yr | 4.1% | -5.1% | 9.5% | 11.72% |
3 Yr | 5.7%* | -2.0% | 10.2% | 10.50% |
5 Yr | 4.2%* | -1.6% | 8.0% | 11.16% |
10 Yr | 5.7%* | -0.1% | 10.8% | 10.95% |
* Annualized
Total Return Ranking - Calendar
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.2% | -2.8% | 310.0% | 24.99% |
2019 | 5.4% | -0.3% | 15.4% | 10.90% |
2018 | -2.6% | -10.3% | 11.0% | 74.15% |
2017 | 3.4% | -100.0% | 7.6% | 11.30% |
2016 | -3.2% | -7.9% | 3.0% | 75.87% |
NAV & Total Return History
VCLAX - Holdings
Concentration Analysis
VCLAX | Category Low | Category High | VCLAX % Rank | |
---|---|---|---|---|
Net Assets | 5.66 B | 100 | 83.2 B | 6.09% |
Number of Holdings | 1339 | 3 | 11152 | 6.71% |
Net Assets in Top 10 | 287 M | -192 M | 4.18 B | 14.33% |
Weighting of Top 10 | 5.20% | 2.5% | 100.0% | 97.77% |
Top 10 Holdings
- TENDER OPT BD TR RCPTS / CTFS VAR STS 0.75%
- SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 0.67%
- CALIFORNIA ST 0.66%
- SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 0.64%
- CALIFORNIA HEALTH FACS FING AUTH REV 0.57%
- CALIFORNIA HEALTH FACS FING AUTH REV 0.52%
- CALIFORNIA HEALTH FACS FING AUTH REV 0.49%
- ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 0.45%
- CALIFORNIA EDL FACS AUTH REV 0.45%
- CALIFORNIA EDL FACS AUTH REV 0.42%
Asset Allocation
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
Bonds | 100.00% | 66.96% | 147.73% | 9.49% |
Stocks | 0.00% | 0.00% | 2.07% | 24.67% |
Preferred Stocks | 0.00% | -0.95% | 1.06% | 21.27% |
Other | 0.00% | -13.58% | 13.72% | 24.91% |
Convertible Bonds | 0.00% | -0.42% | 1.32% | 21.33% |
Cash | 0.00% | -47.72% | 33.04% | 84.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 46.63% | 100.00% | 3.58% |
Derivative | 0.00% | 0.00% | 0.85% | 21.16% |
Cash & Equivalents | 0.00% | 0.00% | 33.04% | 87.49% |
Securitized | 0.00% | 0.00% | 6.51% | 22.41% |
Corporate | 0.00% | 0.00% | 15.75% | 34.76% |
Government | 0.00% | 0.00% | 50.01% | 27.42% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
US | 99.49% | 66.25% | 141.36% | 11.72% |
Non US | 0.51% | 0.00% | 26.53% | 59.22% |
VCLAX - Expenses
Operational Fees
VCLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.09% | 0.01% | 16.95% | 98.96% |
Management Fee | 0.08% | 0.00% | 1.10% | 1.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
VCLAX 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
VCLAX 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.
VCLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 27.00% | 0.00% | 299.40% | 65.26% |
VCLAX - Distributions
Dividend Yield Analysis
VCLAX | Category Low | Category High | VCLAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.71% | 26.66% |
Dividend Distribution Analysis
VCLAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VCLAX | Category Low | Category High | VCLAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.73% | -1.65% | 6.48% | 29.07% |
Capital Gain Distribution Analysis
VCLAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Apr 01, 2019 | $0.034 |
Mar 01, 2019 | $0.031 |
Feb 01, 2019 | $0.034 |
Jan 02, 2019 | $0.035 |
Dec 03, 2018 | $0.033 |
Nov 01, 2018 | $0.034 |
Sep 04, 2018 | $0.034 |
Aug 01, 2018 | $0.034 |
Jul 02, 2018 | $0.034 |
Jun 01, 2018 | $0.035 |
May 01, 2018 | $0.033 |
Apr 02, 2018 | $0.034 |
Mar 01, 2018 | $0.031 |
Feb 01, 2018 | $0.034 |
Jan 02, 2018 | $0.034 |
Dec 01, 2017 | $0.033 |
Nov 01, 2017 | $0.034 |
Oct 02, 2017 | $0.033 |
Sep 01, 2017 | $0.034 |
Aug 01, 2017 | $0.035 |
Jul 03, 2017 | $0.034 |
Jun 01, 2017 | $0.035 |
May 01, 2017 | $0.034 |
Apr 03, 2017 | $0.035 |
Mar 01, 2017 | $0.031 |
Feb 01, 2017 | $0.034 |
Jan 03, 2017 | $0.035 |
Dec 01, 2016 | $0.034 |
Nov 01, 2016 | $0.035 |
Oct 03, 2016 | $0.034 |
Sep 01, 2016 | $0.035 |
Aug 01, 2016 | $0.036 |
Jul 01, 2016 | $0.035 |
Jun 01, 2016 | $0.036 |
May 02, 2016 | $0.035 |
Apr 01, 2016 | $0.036 |
Mar 01, 2016 | $0.034 |
Feb 01, 2016 | $0.036 |
Jan 04, 2016 | $0.036 |
Dec 01, 2015 | $0.035 |
Nov 02, 2015 | $0.036 |
Oct 01, 2015 | $0.036 |
Sep 01, 2015 | $0.037 |
Aug 03, 2015 | $0.037 |
Jul 01, 2015 | $0.036 |
Jun 01, 2015 | $0.038 |
May 01, 2015 | $0.037 |
Apr 01, 2015 | $0.037 |
Mar 02, 2015 | $0.034 |
Feb 02, 2015 | $0.038 |
Jan 02, 2015 | $0.037 |
Dec 01, 2014 | $0.036 |
Nov 03, 2014 | $0.037 |
Oct 01, 2014 | $0.036 |
Sep 02, 2014 | $0.038 |
Aug 01, 2014 | $0.039 |
Jul 01, 2014 | $0.037 |
Jun 02, 2014 | $0.039 |
May 01, 2014 | $0.038 |
Apr 01, 2014 | $0.039 |
Mar 03, 2014 | $0.035 |
Feb 03, 2014 | $0.039 |
Jan 02, 2014 | $0.039 |
Dec 02, 2013 | $0.037 |
Nov 01, 2013 | $0.039 |
Oct 01, 2013 | $0.037 |
Sep 03, 2013 | $0.038 |
Aug 01, 2013 | $0.039 |
Jul 01, 2013 | $0.038 |
Jun 03, 2013 | $0.039 |
May 01, 2013 | $0.038 |
Apr 01, 2013 | $0.039 |
Mar 01, 2013 | $0.036 |
Feb 01, 2013 | $0.039 |
Jan 02, 2013 | $0.039 |
Dec 03, 2012 | $0.038 |
Nov 01, 2012 | $0.040 |
Oct 01, 2012 | $0.038 |
Sep 04, 2012 | $0.039 |
Aug 01, 2012 | $0.040 |
Jul 02, 2012 | $0.038 |
Jun 01, 2012 | $0.040 |
May 01, 2012 | $0.039 |
Apr 02, 2012 | $0.040 |
Mar 01, 2012 | $0.037 |
Feb 01, 2012 | $0.040 |
Jan 03, 2012 | $0.040 |
Dec 01, 2011 | $0.039 |
Nov 01, 2011 | $0.040 |
Oct 03, 2011 | $0.039 |
Sep 01, 2011 | $0.040 |
Aug 01, 2011 | $0.041 |
Jul 01, 2011 | $0.040 |
Jun 01, 2011 | $0.041 |
May 02, 2011 | $0.040 |
Apr 01, 2011 | $0.041 |
Mar 01, 2011 | $0.038 |
Feb 01, 2011 | $0.042 |
Jan 03, 2011 | $0.042 |
Dec 01, 2010 | $0.040 |
Nov 01, 2010 | $0.041 |
Oct 01, 2010 | $0.039 |
Sep 01, 2010 | $0.041 |
Aug 02, 2010 | $0.041 |
Jul 01, 2010 | $0.040 |
Jun 01, 2010 | $0.042 |
May 03, 2010 | $0.040 |
Apr 01, 2010 | $0.041 |
Mar 01, 2010 | $0.037 |
Feb 01, 2010 | $0.041 |
Jan 04, 2010 | $0.042 |
Dec 01, 2009 | $0.040 |
Nov 02, 2009 | $0.041 |
Oct 01, 2009 | $0.040 |
Sep 01, 2009 | $0.041 |
Aug 03, 2009 | $0.042 |
Jul 01, 2009 | $0.041 |
Jun 01, 2009 | $0.042 |
May 01, 2009 | $0.041 |
Apr 01, 2009 | $0.041 |
Mar 02, 2009 | $0.038 |
Feb 02, 2009 | $0.042 |
Jan 02, 2009 | $0.042 |
Dec 01, 2008 | $0.040 |
Nov 03, 2008 | $0.042 |
Oct 01, 2008 | $0.042 |
Sep 02, 2008 | $0.043 |
Aug 01, 2008 | $0.043 |
Jul 01, 2008 | $0.041 |
Jun 02, 2008 | $0.043 |
May 01, 2008 | $0.041 |
Apr 01, 2008 | $0.043 |
Mar 03, 2008 | $0.041 |
Feb 01, 2008 | $0.044 |
Jan 02, 2008 | $0.044 |
Dec 03, 2007 | $0.044 |
Nov 01, 2007 | $0.045 |
Oct 01, 2007 | $0.044 |
Sep 04, 2007 | $0.045 |
Aug 01, 2007 | $0.045 |
Jul 02, 2007 | $0.045 |
Jun 01, 2007 | $0.048 |
May 01, 2007 | $0.045 |
Apr 02, 2007 | $0.046 |
Mar 01, 2007 | $0.041 |
Feb 01, 2007 | $0.046 |
Jan 03, 2007 | $0.046 |
Nov 01, 2006 | $0.046 |
Oct 02, 2006 | $0.044 |
Sep 01, 2006 | $0.045 |
Aug 01, 2006 | $0.046 |
Jul 03, 2006 | $0.044 |
Jun 01, 2006 | $0.046 |
May 01, 2006 | $0.044 |
Apr 03, 2006 | $0.045 |
Mar 01, 2006 | $0.041 |
Feb 01, 2006 | $0.046 |
Dec 01, 2005 | $0.044 |
Nov 01, 2005 | $0.045 |
Oct 03, 2005 | $0.043 |
Sep 01, 2005 | $0.045 |
Aug 01, 2005 | $0.045 |
Jul 01, 2005 | $0.044 |
Jun 01, 2005 | $0.046 |
May 02, 2005 | $0.045 |
Apr 01, 2005 | $0.045 |
Mar 01, 2005 | $0.041 |
Feb 01, 2005 | $0.046 |
Dec 01, 2004 | $0.044 |
Nov 01, 2004 | $0.045 |
Oct 01, 2004 | $0.044 |
Sep 01, 2004 | $0.046 |
Aug 02, 2004 | $0.047 |
Jul 01, 2004 | $0.045 |
Jun 01, 2004 | $0.046 |
May 03, 2004 | $0.045 |
Apr 01, 2004 | $0.047 |
Mar 01, 2004 | $0.045 |
Feb 02, 2004 | $0.049 |
Dec 01, 2003 | $0.047 |
Nov 03, 2003 | $0.047 |
Oct 01, 2003 | $0.044 |
Sep 02, 2003 | $0.046 |
Aug 01, 2003 | $0.047 |
Jul 01, 2003 | $0.045 |
Jun 02, 2003 | $0.046 |
May 01, 2003 | $0.045 |
Apr 01, 2003 | $0.047 |
Mar 03, 2003 | $0.042 |
Feb 03, 2003 | $0.047 |
Dec 02, 2002 | $0.045 |
Nov 01, 2002 | $0.046 |
Oct 01, 2002 | $0.045 |
Sep 03, 2002 | $0.047 |
Aug 01, 2002 | $0.047 |
Jul 01, 2002 | $0.046 |
Jun 03, 2002 | $0.048 |
May 01, 2002 | $0.047 |
Apr 01, 2002 | $0.048 |
Mar 01, 2002 | $0.044 |
Feb 01, 2002 | $0.049 |
Jan 02, 2002 | $0.048 |
Dec 03, 2001 | $0.028 |
VCLAX - Fund Manager Analysis
Managers
James D'Arcy
Start Date
Tenure
Tenure Rank
Jul 22, 2011
9.54
9.5%
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
0.2
0.2%
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 |
---|---|---|---|
0.03 | 35.86 | 7.0 | 0.25 |