VCADX: Vanguard CA Interm-Term Tax-Exempt Adm

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VCADX Vanguard CA Interm-Term Tax-Exempt Adm


Profile

VCADX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $17.4 B
  • Holdings in Top 10 3.6%

52 WEEK LOW AND HIGH

$12.01
$11.10
$12.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard California Intermediate Term Tax Exempt Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Nov 12, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Ferguson

Fund Description

The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional governmental and public financing authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 6 and 12 years. The fund is non-diversified.


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Performance

VCADX - Performance

Return Ranking - Trailing

Period VCADX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -6.0% 1.4% 12.18%
1 Yr 1.6% -4.2% 10.1% 14.51%
3 Yr 1.1%* -1.3% 7.0% 20.23%
5 Yr 0.3%* -1.8% 5.6% 13.92%
10 Yr 1.0%* -0.2% 6.9% 33.08%

* Annualized

Return Ranking - Calendar

Period VCADX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% 2.4% 8.8% 47.67%
2018 -1.4% -6.2% 2.8% 12.97%
2017 2.2% -0.2% 6.8% 51.48%
2016 -2.7% -7.9% -1.7% 24.38%
2015 0.3% -1.9% 1.8% 36.31%

Total Return Ranking - Trailing

Period VCADX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -6.0% 1.4% 12.18%
1 Yr 1.6% -4.2% 8.1% 14.51%
3 Yr 1.1%* -1.3% 5.5% 26.59%
5 Yr 0.3%* -1.8% 4.7% 18.99%
10 Yr 1.0%* -0.2% 6.5% 38.46%

* Annualized

Total Return Ranking - Calendar

Period VCADX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% 2.4% 8.8% 47.67%
2018 -1.4% -6.2% 2.8% 17.30%
2017 2.2% -0.2% 6.9% 59.17%
2016 -2.7% -7.9% 0.8% 28.13%
2015 0.3% -1.9% 3.7% 40.76%

NAV & Total Return History


Holdings

VCADX - Holdings

Concentration Analysis

VCADX Category Low Category High VCADX % Rank
Net Assets 17.4 B 3.19 M 17.4 B 1.02%
Number of Holdings 4380 19 4380 1.02%
Net Assets in Top 10 593 M -109 M 3.09 B 4.57%
Weighting of Top 10 3.55% 3.5% 68.8% 100.00%

Top 10 Holdings

  1. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 1.23% 0.44%
  2. NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% 0.44%
  3. CALIFORNIA ST 5% 0.38%
  4. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.36%
  5. UNIVERSITY CALIF REVS 5% 0.35%
  6. CALIFORNIA ST 5% 0.33%
  7. CALIFORNIA ST 5% 0.33%
  8. CALIFORNIA ST 5% 0.31%
  9. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.12% 0.31%
  10. LOS ANGELES CALIF CMNTY COLLEGE DIST 5% 0.30%

Asset Allocation

Weighting Return Low Return High VCADX % Rank
Bonds
99.80% 90.97% 139.20% 47.21%
Cash
0.21% -39.20% 9.02% 50.76%
Stocks
0.00% 0.00% 0.12% 69.54%
Preferred Stocks
0.00% 0.00% 0.00% 68.53%
Other
0.00% -0.48% 1.75% 73.10%
Convertible Bonds
0.00% 0.00% 0.00% 68.53%

Bond Sector Breakdown

Weighting Return Low Return High VCADX % Rank
Municipal
99.79% 48.76% 101.06% 45.18%
Cash & Equivalents
0.21% -0.27% 8.89% 50.25%
Derivative
0.00% 0.00% 0.00% 68.53%
Securitized
0.00% 0.00% 0.00% 68.53%
Corporate
0.00% 0.00% 2.53% 72.08%
Government
0.00% -0.79% 48.41% 69.54%

Bond Geographic Breakdown

Weighting Return Low Return High VCADX % Rank
US
99.44% 86.80% 135.59% 23.86%
Non US
0.36% 0.00% 9.53% 75.63%

Expenses

VCADX - Expenses

Operational Fees

VCADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.09% 3.74% 100.00%
Management Fee 0.08% 0.00% 0.70% 1.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.33% N/A

Sales Fees

VCADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VCADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 4.00% 235.00% 3.57%

Distributions

VCADX - Distributions

Dividend Yield Analysis

VCADX Category Low Category High VCADX % Rank
Dividend Yield 0.22% 0.00% 1.75% 65.48%

Dividend Distribution Analysis

VCADX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VCADX Category Low Category High VCADX % Rank
Net Income Ratio 2.58% 0.87% 5.75% 73.85%

Capital Gain Distribution Analysis

VCADX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

VCADX - Fund Manager Analysis

Managers

Adam Ferguson


Start Date

Tenure

Tenure Rank

Jun 28, 2013

6.68

6.7%

Adam M. Ferguson, CFA, Portfolio Manager. He has been with Vanguard since 2004; has worked in investment management since 2008. Education: B.S., Wilmington University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 31.18 8.68 7.01