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Vanguard California Tax-Exempt Bond ETFVV

Vanguard California Tax-Exempt Bond ETF

97.11USDR
+0.22+0.23%
Last update at May 13, 20:05 GMT
USD
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Overview
Analysis
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Key stats


Assets under management (AUM)
‪950.99 M‬ USD
Fund flows (1Y)
‪893.99 M‬ USD
Dividend yield (indicated)
2.90%
Discount/Premium to NAV
0.01%
Shares outstanding
‪9.80 M‬
Expense ratio
0.08%

About Vanguard California Tax-Exempt Bond ETF


Issuer
The Vanguard Group, Inc.
Brand
Vanguard
Home page
investor.vanguard.com
Inception date
Jan 26, 2024
Structure
Open-Ended Fund
Index tracked
S&P California AMT-Free Municipal Bond
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
California
Weighting scheme
Market value
Selection criteria
AMT-free

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of May 12, 2025
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal100.89%
Cash−0.89%
Top 10 holdings
Symbol
Assets
Symbol
Assets
B
Bay Area Toll Auth Calif Toll Brdg Rev 4.0% 01-APR-2035
0.74%
E
East Bay Calif Mun Util Dist Wtr Sys Rev 5.0% 01-JUN-2031
0.61%
L
Los Angeles Calif Uni Sch Dist 5.0% 01-JUL-2033
0.57%
S
San Francisco Calif City & Cnty Uni Sch Dist 4.0% 15-JUN-2033
0.53%
C
California St 5.0% 01-OCT-2035
0.50%
L
Los Angeles Calif Cmnty College Dist 5.0% 01-AUG-2028
0.44%
S
San Francisco Calif City & Cnty Pub Utils Commnwastewater R Ev 5.0% 01-OCT-2028
0.44%
C
California St 5.0% 01-AUG-2031
0.42%
F
Foothill / Eastern Transn Corridor Agy Calif Toll Rd Rev 4.0% 15-JAN-2046
0.42%
B
Bay Area Toll Auth Calif Toll Brdg Rev VAR 01-APR-2055
0.40%
Top 10 weight5.08%
2857 total holdings

Dividends


Nov '24
Dec '24
Dec '24
Feb '25
Mar '25
Apr '25
May '25
‪0.00‬
‪0.08‬
‪0.16‬
‪0.24‬
‪0.32‬
Dividend amount
Dividend payout history
Ex-date
Record date
Pay date
Amount
Frequency
May 1, 2025
May 1, 2025
May 5, 2025
0.241
Monthly
Apr 1, 2025
Apr 1, 2025
Apr 3, 2025
0.205
Monthly
Mar 3, 2025
Mar 3, 2025
Mar 5, 2025
0.261
Monthly
Feb 3, 2025
Feb 3, 2025
Feb 5, 2025
0.283
Monthly
Dec 24, 2024
Dec 24, 2024
Dec 27, 2024
0.247
Monthly
Dec 2, 2024
Dec 2, 2024
Dec 4, 2024
0.257
Monthly
Nov 1, 2024
Nov 1, 2024
Nov 5, 2024
0.151
Monthly

Assets under management (AUM)



Fund Flows