Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX)

Fund Assets	6.19B
Expense Ratio	0.14%
Min. Investment	$3,000
Turnover	55.00%
Dividend (ttm)	0.41
Dividend Yield	3.61%
Dividend Growth	5.66%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.36
YTD Return	0.99%
1-Year Return	6.71%
5-Year Return	4.75%
52-Week Low	11.00
52-Week High	11.67
Beta (5Y)	0.32
Holdings	1573
Inception Date	Apr 7, 1986

About VCITX

This fund aims to deliver current income that is exempt from both federal and California personal income taxes. It is exclusively tailored for residents of California, focusing its investments primarily on high-quality municipal bonds. These bonds are issued by various California state and local governmental bodies, as well as regional government and public financing authorities. Under normal operating conditions, a minimum of 80% of the fund's assets will be allocated to securities whose income qualifies for exemption from both federal and California state taxes. While individual bond maturities have no specific limits, the fund's dollar-weighted average maturity typically spans between 10 and 25 years. With an average duration of approximately 6 to 10 years, its share price is notably more sensitive to shifts in interest rates compared to funds with shorter-term bond holdings. Consequently, this fund may be an appropriate choice for investors residing in California who are seeking federal and state tax-exempt interest income and possess a tolerance for interest rate risk.

• Fund Family: Vanguard
• Category: Muni California Long
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VCITX
• Share Class: Investor Shares
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

VCITX had a total return of 6.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.52%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VCLAX	Admiral Shares	0.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03425	Aug 3, 2026
Jun 30, 2026	$0.03455	Jul 1, 2026
May 29, 2026	$0.03445	Jun 1, 2026
Apr 30, 2026	$0.03492	May 1, 2026
Mar 31, 2026	$0.03402	Apr 1, 2026
Feb 27, 2026	$0.03371	Mar 2, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 8, 2026

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