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VCLAX Vanguard CA Long-Term Tax-Exempt Adm

  • Fund
  • VCLAX
  • Price as of: Apr 23, 2019
  • $12.13 + $0.01 + 0.08%
  • Category
  • Single State Municipal Bonds

VCLAX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $4.31 B
  • Holdings in Top 10 5.5%

52 WEEK LOW AND HIGH

$12.13
$11.64
$12.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard California Long Term Tax Exempt Fund
  • Fund Family Name Vanguard
  • Inception Date Nov 12, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States

VCLAX - Performance

Return Ranking - Trailing

Period VCLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -3.1% 5.3% 18.18%
1 Yr 2.2% -7.1% 8.5% 16.77%
3 Yr -0.7%* -2.9% 3.1% 19.28%
5 Yr 0.6%* -1.9% 1.7% 9.28%
10 Yr 1.3%* -1.3% 4.0% 12.79%

* Annualized


Return Ranking - Calendar

Period VCLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -7.2% 11.0% 69.54%
2017 3.4% -10.1% 6.8% 3.98%
2016 -3.2% -4.9% 0.0% 74.63%
2015 0.7% -5.6% 1.8% 6.34%
2014 7.7% -34.8% 15.6% 14.40%

Total Return Ranking - Trailing

Period VCLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -3.1% 5.3% 19.78%
1 Yr 2.2% -7.1% 8.5% 19.61%
3 Yr -0.7%* -2.9% 3.1% 24.25%
5 Yr 0.6%* -1.6% 4.2% 12.33%
10 Yr 1.3%* -1.2% 5.5% 16.11%

* Annualized


Total Return Ranking - Calendar

Period VCLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -7.2% 11.0% 71.89%
2017 3.4% -10.1% 6.9% 5.72%
2016 -3.2% -4.9% 1.0% 80.72%
2015 0.7% -5.6% 4.0% 9.08%
2014 7.7% -34.8% 16.3% 16.10%

NAV & Total Return History

VCLAX - Holdings

Concentration Analysis

VCLAX Category Low Category High VCLAX % Rank
Net Assets 4.31 B 6.31 M 19.6 B 1.72%
Number of Holdings 939 23 4231 1.60%
Net Assets in Top 10 218 M -4.71 M 2.74 B 8.11%
Weighting of Top 10 5.45% 2.5% 59.3% 99.51%

Top 10 Holdings

  1. CALIFORNIA HEALTH FACS FING AUTH 5% 0.72%

  2. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5% 0.69%

  3. CALIFORNIA ST 5% 0.63%

  4. CALIFORNIA HEALTH FACS FING AUTH 5% 0.60%

  5. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5% 0.56%

  6. ALAMEDA CORRIDOR TRANSN AUTH CALIF 0% 0.49%

  7. CALIFORNIA ST 6.5% 0.45%

  8. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.45%

  9. LOS ANGELES CALIF DEPT ARPTS ARPT REV 5% 0.44%

  10. ABAG FIN AUTH FOR NONPROFIT CORPS CALIF REV 5% 0.43%


Asset Allocation

Weighting Return Low Return High VCLAX % Rank
Bonds
100.00% -0.21% 102.82% 9.46%
Stocks
0.00% 0.00% 0.31% 43.98%
Preferred Stocks
0.00% 0.00% 0.00% 42.75%
Other
0.00% -1.19% 8.92% 52.21%
Convertible Bonds
0.00% 0.00% 0.00% 42.75%
Cash
0.00% -2.82% 93.39% 85.26%

Bond Sector Breakdown

Weighting Return Low Return High VCLAX % Rank
Municipal
100.00% 0.00% 103.07% 12.90%
Derivative
0.00% 0.00% 0.00% 42.75%
Cash & Equivalents
0.00% -2.82% 93.39% 82.31%
Securitized
0.00% 0.00% 0.00% 42.75%
Corporate
0.00% 0.00% 13.08% 47.91%
Government
0.00% -17.97% 0.27% 40.66%

Bond Geographic Breakdown

Weighting Return Low Return High VCLAX % Rank
US
99.97% -0.21% 102.38% 4.91%
Non US
0.03% 0.00% 21.15% 68.80%

VCLAX - Expenses

Operational Fees

VCLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.09% 2.58% 99.63%
Management Fee 0.08% 0.08% 1.30% 0.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

VCLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

VCLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

VCLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 3.32% 293.00% 41.04%

VCLAX - Distributions

Dividend Yield Analysis

VCLAX Category Low Category High VCLAX % Rank
Dividend Yield 0.03% 0.00% 0.30% 28.62%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VCLAX Category Low Category High VCLAX % Rank
Net Income Ratio 3.39% -0.21% 4.62% 14.50%

Capital Gain Distribution Analysis

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

VCLAX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

9.39

Category Mode

1.25