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Dec 1: 11.00  Up 0.02 (0.18%)  

Vanguard CA Long-Term Tax-Exempt Adm (VCLAX)

VANGUARD CALIFRNIA LNG-TM TX-EX

Net Asset Value:11.00
Trade Time:Dec 1
Change:Up 0.02 (0.18%)
Prev Close:11.00
YTD Return*:12.56%
Net Assets*:2.15B
Yield*:4.45%

* As of 31-Oct-09

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Fund Basics

Morningstar Overall Rating:
Total Assets:2.15B
Category:Muni California Long
Total Expense Ratio:0.12%

Performance & Risk

YTD Return:12.56%
5y Avg Return:3.16%
Rank in Category (ytd):121
% Rank in Category (ytd):73.78%
Beta (3y):1.13
Morningstar Risk Rating:Average

Fund Summary

The investment seeks to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments and regional governmental authorities. It invests at least 80% of assets in securities that are exempt from both federal and California taxes. The fund's dollar-weighted average nominal maturity is expected to be between 10 and 25 years. It is intended for California residents only. The fund is nondiversified. View More

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