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VTECVanguard California Tax-Exempt Bond ETF

Get income2y track recordRanked #173 of 1,650 in this goal

Tracks the performance of the S&P California AMT-Free Municipal Bond Index.

By Vanguard · Launched 2024

Annual Cost

0.06%

#169 of 5,861 · low cost

Fund Size

$2.8B

#618 of 5,861 · large

Dividend YieldGoal

3.14%

Track Record

2 years

#3,334 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,505+5.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

S&P California AMT-Free Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 3.8% of fund✓ well diversified

Southern California Public Power Authority
0.6%
University of California
0.6%
Bay Area Toll Authority
0.5%
Irvine Ranch Water District
0.3%
Los Angeles Unified School District/CA
0.3%
Los Angeles Unified School District/CA
0.3%
Bay Area Toll Authority
0.3%
Los Angeles Unified School District/CA
0.3%
Los Angeles Department of Water & Power
0.3%
State of California
0.3%

Asset allocation

Bonds
97.7%
Cash
2.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.7%Low

Year-on-year price swings

Max drawdown
-4.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Avg maturity

10.5 years

Credit ratings

AAA
5.8%
AA
84.4%
A
8.4%
BBB
0.8%
BB
0.3%
Other
0.4%

Listing

Exchange
Cboe BZX

Full fund details

Objective
Tracks the performance of the S&P California AMT-Free Municipal Bond Index.
Strategy
Employs an indexing approach to track the performance of the S&P California AMT-Free Municipal Bond Index, investing primarily in investment-grade municipal bonds issued by California state or local governments. Aims for income exempt from federal and California state income taxes.
Inception date
January 26, 2024
Fund family
Vanguard

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Data updated on 2026-08-04