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Beacon

VTECVanguard California Tax-Exempt Bond ETF

Get income2y track recordRanked #170 of 1,706 in this goal

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

By Vanguard · Launched 2024

Annual Cost

0.06%

#170 of 6,040 · low cost

Fund Size

$3.3B

#587 of 6,040 · large

Return (1Y)

-0.6%

Track Record

2 years

#3,349 of 6,040 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,943-0.6%

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

Holdings

By weight

Concentration

Top 10 holdings = 3.8% of funddiversified

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
98.2%
Cash
1.8%

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

10.3 years

Credit ratings

AAA
6.3%
AA
84.3%
A
8.2%
BBB
0.8%
BB
0.1%
Other
0.3%

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

Next steps

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Data updated on 2026-09-18