Vanguard California Long-Term Tax-Exempt Fund
Name
As of 05/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.1%
1 yr return
4.1%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.5%
Net Assets
$5.22 B
Holdings in Top 10
7.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VCLAX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.40%
- Dividend Yield 3.4%
- 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 ClassAdmiral
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen McFee
VCLAX - Performance
Return Ranking - Trailing
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -3.1% | 13.5% | 57.03% |
1 Yr | 4.1% | -3.6% | 35.0% | 14.72% |
3 Yr | -0.7%* | -10.9% | 2.6% | 33.22% |
5 Yr | 1.5%* | -6.1% | 1102.2% | 10.80% |
10 Yr | 2.8%* | -0.5% | 248.3% | 6.72% |
* Annualized
Return Ranking - Calendar
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -1.4% | 41.0% | 8.42% |
2022 | -12.4% | -39.7% | 0.3% | 60.54% |
2021 | -1.1% | -5.6% | 6.9% | 77.84% |
2020 | 2.2% | -2.6% | 310.0% | 25.85% |
2019 | 5.4% | 0.0% | 26.0% | 9.84% |
Total Return Ranking - Trailing
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -3.1% | 13.5% | 57.03% |
1 Yr | 4.1% | -3.6% | 35.0% | 14.72% |
3 Yr | -0.7%* | -10.9% | 2.6% | 33.22% |
5 Yr | 1.5%* | -6.1% | 1102.2% | 10.80% |
10 Yr | 2.8%* | -0.5% | 248.3% | 6.72% |
* Annualized
Total Return Ranking - Calendar
Period | VCLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -1.3% | 41.0% | 6.53% |
2022 | -9.8% | -39.7% | 1.1% | 56.91% |
2021 | 2.1% | -4.8% | 23761504.0% | 35.00% |
2020 | 5.0% | -1.5% | 17057.9% | 15.85% |
2019 | 9.0% | 0.2% | 3514.6% | 6.91% |
NAV & Total Return History
VCLAX - Holdings
Concentration Analysis
VCLAX | Category Low | Category High | VCLAX % Rank | |
---|---|---|---|---|
Net Assets | 5.22 B | 3.22 M | 71.9 B | 5.67% |
Number of Holdings | 1379 | 2 | 13067 | 6.18% |
Net Assets in Top 10 | 396 M | -317 M | 3.56 B | 7.36% |
Weighting of Top 10 | 7.60% | 2.0% | 100.2% | 89.90% |
Top 10 Holdings
- NRTHRN ENERGY AUTH-A 1.72%
- JPM-PUTTERS-MIZ9119 0.86%
- UNIV OF CA REGENTS -P 0.76%
- TNDR OPT-FLTRS-XG0100 0.67%
- CA HLTH FACS FING -A 0.66%
- CA HLTH FACS-A2 0.63%
- CA CMNTY CHOICE-D 0.62%
- CA CMNTY CHOICE FING 0.58%
- CA CMNTY CHOICE FING 0.55%
- UNIV OF CALIFORNIA CA 0.54%
Asset Allocation
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
Bonds | 99.34% | 0.00% | 150.86% | 25.89% |
Cash | 0.66% | -50.86% | 46.80% | 73.63% |
Stocks | 0.00% | 0.00% | 99.81% | 43.46% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 37.24% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 37.19% |
Other | 0.00% | -3.18% | 23.38% | 94.14% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
Municipal | 99.62% | 44.39% | 100.00% | 26.47% |
Cash & Equivalents | 0.00% | 0.00% | 46.24% | 76.89% |
Securitized | 0.00% | 0.00% | 5.93% | 46.99% |
Corporate | 0.00% | 0.00% | 9.41% | 55.49% |
Government | 0.00% | 0.00% | 52.02% | 50.33% |
Derivative | 0.00% | -3.18% | 23.38% | 93.68% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VCLAX % Rank | |
---|---|---|---|---|
US | 99.34% | 0.00% | 142.23% | 23.89% |
Non US | 0.00% | 0.00% | 23.89% | 43.23% |
VCLAX - Expenses
Operational Fees
VCLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.09% | 0.01% | 20.65% | 98.70% |
Management Fee | 0.08% | 0.00% | 1.20% | 1.69% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
VCLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
VCLAX 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.
VCLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.00% | 0.00% | 283.00% | 89.24% |
VCLAX - Distributions
Dividend Yield Analysis
VCLAX | Category Low | Category High | VCLAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.42% | 0.00% | 14.51% | 25.57% |
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 | 2.40% | -0.53% | 5.33% | 23.39% |
Capital Gain Distribution Analysis
VCLAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.033 | OrdinaryDividend |
Mar 28, 2024 | $0.032 | OrdinaryDividend |
Feb 29, 2024 | $0.031 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.031 | OrdinaryDividend |
Nov 30, 2023 | $0.031 | OrdinaryDividend |
Oct 31, 2023 | $0.031 | OrdinaryDividend |
Sep 29, 2023 | $0.031 | OrdinaryDividend |
Aug 31, 2023 | $0.030 | OrdinaryDividend |
Jul 31, 2023 | $0.029 | OrdinaryDividend |
Jun 30, 2023 | $0.029 | OrdinaryDividend |
May 31, 2023 | $0.029 | OrdinaryDividend |
Apr 28, 2023 | $0.029 | OrdinaryDividend |
Mar 31, 2023 | $0.029 | OrdinaryDividend |
Feb 28, 2023 | $0.029 | OrdinaryDividend |
Jan 31, 2023 | $0.028 | OrdinaryDividend |
Dec 30, 2022 | $0.028 | OrdinaryDividend |
Nov 30, 2022 | $0.027 | OrdinaryDividend |
Oct 31, 2022 | $0.026 | OrdinaryDividend |
Sep 30, 2022 | $0.025 | OrdinaryDividend |
Aug 31, 2022 | $0.025 | OrdinaryDividend |
Jul 29, 2022 | $0.024 | OrdinaryDividend |
Jun 30, 2022 | $0.025 | OrdinaryDividend |
May 31, 2022 | $0.024 | OrdinaryDividend |
Apr 29, 2022 | $0.025 | OrdinaryDividend |
Mar 31, 2022 | $0.025 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.024 | OrdinaryDividend |
Dec 31, 2021 | $0.025 | OrdinaryDividend |
Dec 29, 2021 | $0.010 | CapitalGainShortTerm |
Dec 29, 2021 | $0.069 | CapitalGainLongTerm |
Nov 30, 2021 | $0.025 | OrdinaryDividend |
Oct 29, 2021 | $0.025 | OrdinaryDividend |
Sep 30, 2021 | $0.025 | OrdinaryDividend |
Aug 31, 2021 | $0.025 | OrdinaryDividend |
Jul 30, 2021 | $0.025 | OrdinaryDividend |
Jun 30, 2021 | $0.025 | OrdinaryDividend |
May 28, 2021 | $0.025 | OrdinaryDividend |
Apr 30, 2021 | $0.026 | OrdinaryDividend |
Mar 31, 2021 | $0.025 | OrdinaryDividend |
Feb 26, 2021 | $0.027 | OrdinaryDividend |
Jan 29, 2021 | $0.026 | OrdinaryDividend |
Dec 31, 2020 | $0.027 | OrdinaryDividend |
Dec 29, 2020 | $0.003 | CapitalGainShortTerm |
Dec 29, 2020 | $0.080 | CapitalGainLongTerm |
Nov 30, 2020 | $0.027 | OrdinaryDividend |
Oct 30, 2020 | $0.027 | OrdinaryDividend |
Sep 30, 2020 | $0.028 | OrdinaryDividend |
Aug 31, 2020 | $0.027 | OrdinaryDividend |
Apr 30, 2020 | $0.029 | OrdinaryDividend |
Mar 31, 2020 | $0.030 | OrdinaryDividend |
Jan 31, 2020 | $0.030 | OrdinaryDividend |
Dec 31, 2019 | $0.030 | OrdinaryDividend |
Nov 29, 2019 | $0.029 | OrdinaryDividend |
Oct 31, 2019 | $0.031 | OrdinaryDividend |
Sep 30, 2019 | $0.030 | OrdinaryDividend |
Aug 30, 2019 | $0.031 | OrdinaryDividend |
Jul 31, 2019 | $0.032 | OrdinaryDividend |
Jun 28, 2019 | $0.031 | OrdinaryDividend |
Dec 29, 2005 | $0.003 | CapitalGainShortTerm |
Dec 29, 2005 | $0.019 | CapitalGainLongTerm |
Dec 31, 2004 | $0.053 | CapitalGainLongTerm |
Dec 31, 2003 | $0.010 | CapitalGainShortTerm |
Dec 31, 2003 | $0.087 | CapitalGainLongTerm |
Dec 31, 2002 | $0.000 | CapitalGainShortTerm |
Dec 31, 2002 | $0.020 | CapitalGainLongTerm |
VCLAX - Fund Manager Analysis
Managers
Stephen McFee
Start Date
Tenure
Tenure Rank
Nov 19, 2020
1.53
1.5%
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 |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |