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
CA REGENTS UNIV-CD
0.54%
BAY AREA TOLL AUTH-A
0.47%
CALIFORNIA HLTH FACS
0.30%
UNIV CA VAR-B-2
0.29%
CA FLTG-A1-RMKT-12/01
0.26%
Symbol
Ratio
LOS ANGELES CA DEPT-A
0.26%
SAN FRANCISCO USD
0.25%
CA EDUCTNL FACS - A
0.23%
E CO AWP JT PWRS-A-1
0.22%
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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