VTECVanguard California Tax-Exempt Bond ETF

Get income2y track recordRanked #190 of 1,622 in this goal

Seeks to track the performance of a benchmark index that measures the investment-grade segment of the California municipal bond market.

By Vanguard · Launched 2024

Annual Cost

0.06%

#308 of 5,562 · low cost

Fund Size

$2.6B

#624 of 5,562 · large

Dividend YieldGoal

3.18%

Track Record

2 years

#3,420 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,625+6.2%

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

Classification

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 = 3.5% of fund✓ well diversified

University of California

0.5%

Los Angeles Unified School District/CA

0.4%

Los Angeles Unified School District/CA

0.4%

Los Angeles Unified School District/CA

0.4%

University of California

0.3%

State of California

0.3%

San Francisco Unified School District

0.3%

State of California

0.3%

Bay Area Toll Authority

0.3%

University of California

0.3%

Asset allocation

Bonds

98.6%

Cash

1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.8%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

10.4 years

Credit ratings

AAA

5.6%

84.3%

9.1%

BBB

0.8%

Other

0.2%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to track the performance of a benchmark index that measures the investment-grade segment of the California municipal bond market.
Strategy: Employs an indexing approach to track the S&P California AMT-Free Municipal Bond Index, which includes investment-grade municipal bonds issued in California. Invests at least 80% of net assets in bonds that make up the Target Index, using sampling to approximate its performance.
Inception date: January 26, 2024
Fund family: Vanguard