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Vanguard California Tax-Exempt Bond ETF

VTEC·CBOE
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Key Stats

Assets Under Management
2.31BUSD
Fund Flow (1Y)
1.61BUSD
Dividend Yield
3.16%
Discount / Premium to NAV
-0.06%
Shares Outstanding
23.10M
Expense Ratio
0.06%

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
U.S.
Weighting Scheme
Market Value
Selection Criteria
AMT-free

Holdings

Symbol

Ratio

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CA REGENTS UNIV-CD

0.54%
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BAY AREA TOLL AUTH-A

0.47%
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CALIFORNIA HLTH FACS

0.30%
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UNIV CA VAR-B-2

0.29%
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CA FLTG-A1-RMKT-12/01

0.26%

Symbol

Ratio

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LOS ANGELES CA DEPT-A

0.26%
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SAN FRANCISCO USD

0.25%
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CA EDUCTNL FACS - A

0.23%
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E CO AWP JT PWRS-A-1

0.22%
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CALIFORNIA ST-REF-C

0.22%

Top 10 Weight 3.04%

527 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

Trade Flow Insight

FAQ

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