VTEC
Vanguard California Tax-Exempt Bond ETF·CBOE
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Key Stats
Assets Under Management
1.98BUSD
Fund Flows (1Y)
1.45BUSD
Dividend Yield
3.08%
Discount/Premium to NAV
0.17%
Shares Outstanding
19.50M
Expense Ratio
0.08%
About Vanguard California Tax-Exempt Bond ETF
Issuer
Vanguard
Brand
Vanguard
Inception Date
Jan 26, 2024
Structure
Open-Ended Fund
Index Tracked
S&P California AMT-Free Municipal Bond Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VTEC is passively managed to provide broad exposure to California muni bonds. The fund holds USD-denominated municipal bonds issued in California, whose interest is exempt from US and California income taxes and the alternative minimum tax (AMT). Eligible securities must have a rating of at least investment grade, a minimum par amount of $15 million, and a remaining term to maturity of at least one month. The fund uses a sampling strategy to track the market value-weighted index, which rebalances monthly. As with all Vanguard ETFs, VTEC only discloses its holdings monthly.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Vanilla
Geography
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Weighting Scheme
Market Value
Selection Criteria
AMT-free
Analysis
Asset
No data available
Holdings
Symbol
Ratio
CA REGENTS UNIV-CD
0.61%
CA EDUCTNL FACS - A
0.27%
LOS ANGELES CA DEPT-A
0.27%
E CO AWP JT PWRS-A-1
0.26%
CALIFORNIA ST-REF-C
0.26%
SAN FRANCISCO USD
0.25%
Symbol
Ratio
CA UNIV REGENTS-CC
0.21%
CALIFORNIA ST EDUCTNL
0.21%
BAY AREA TOLL AUTH-A
0.19%
CA UNIV REGENTS-BW
0.19%
Top 10 Weight 2.72%
10 Total Holdings
See all holdings
Related Funds
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