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Morningstar

Vanguard CA Interm-Term Tax-Exempt Adm VCADX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 11.20  /  0.02 %
  • Total Assets 15.0 Bil
  • Adj. Expense Ratio
    0.090%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 2.46%
  • Effective Duration 4.53 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:18 PM GMT+0

Morningstar’s Analysis VCADX

Will VCADX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VCADX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VCADX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of VCADX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still one of the best California muni offerings.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

Vanguard California Intermediate-Term Tax-Exempt Bond continues to be one of the strongest candidates for straight forward exposure to the California municipal market. The strategy's cheaper admiral share class earns a Morningstar Analyst Rating of Gold, while its investor shares are rated Silver.

by Elizabeth Templeton
Rated on Published on

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Portfolio Holdings VCADX

More VCADX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 4920
  • Other Holdings 1
  • % Assets in Top 10 Holdings 5.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.73
109,438,694
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.69
103,361,836
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV

0.68
101,443,454
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.60
89,527,941
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.57
85,600,000
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.53
79,367,925
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

0.42
62,967,858
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

0.36
53,127,503
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

0.35
51,921,415
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

0.34
50,423,000
municipal