Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX)
| Fund Assets | 18.56B |
| Expense Ratio | 0.14% |
| Min. Investment | $3,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.02% |
| Dividend Growth | 9.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 11.67 |
| YTD Return | 1.38% |
| 1-Year Return | 5.21% |
| 5-Year Return | 8.53% |
| 52-Week Low | 10.95 |
| 52-Week High | 11.75 |
| Beta (5Y) | n/a |
| Holdings | 5145 |
| Inception Date | Mar 4, 1994 |
About VCAIX
The fund’s investment objective is to seek to provide a higher level of current income than shorter-term bonds, but with less share-price fluctuation than longer-term bonds. The fund is intended for California residents only. It invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional government and public financing authorities. Under normal circumstances, at least 80% of the fund’s 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. Risks of the fund include the fact that changes in interest rates, both up and down, can affect the fund by resulting in lower bond prices or an eventual decrease in income for the fund. Investors who are looking for a fund that may provide federal and California state tax-exempt interest income and can tolerate moderate price and income fluctuations may wish to consider this fund.The Vanguard California Intermediate-Term Tax-Exempt Fund is a stand alone product and is separate and distinct from the Vanguard California Tax-Exempt Bond ETF (VTEC). Differences in scale, certain investment processes, and underlying holdings are expected to produce different investment returns by the funds.
Performance
VCAIX had a total return of 5.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.20%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VCADX | Admiral Shares | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.03019 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02922 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02983 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03001 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02967 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02981 | Oct 1, 2025 |