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

Fund Assets	6.08B
Expense Ratio	0.09%
Min. Investment	$50,000
Turnover	55.00%
Dividend (ttm)	0.42
Dividend Yield	3.88%
Dividend Growth	4.67%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.77
YTD Return	-3.86%
1-Year Return	-2.22%
5-Year Return	1.15%
52-Week Low	10.63
52-Week High	11.67
Beta (5Y)	0.05
Holdings	1587
Inception Date	Nov 12, 2001

About VCLAX

This fund's primary objective is to generate current income free from both federal and California personal income taxes. It is exclusively tailored for individuals residing in California. The investment strategy focuses predominantly on high-grade municipal debt securities issued by various California state and local governmental bodies, alongside regional government and public financing authorities. Under typical conditions, a minimum of 80% of the fund's holdings will consist of assets that produce income free from federal and California state taxes. Although there are no specific restrictions on the maturities of individual securities, its dollar-weighted average maturity usually falls within the 10-to-25-year range. Possessing an average duration of roughly 6 to 10 years, the fund's net asset value is considerably more susceptible to shifts in interest rates compared to funds invested in shorter-term bonds. This offering may be a suitable consideration for California-based investors prioritizing tax-advantaged income at the federal and state levels, provided they are comfortable with the associated interest rate volatility.

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

Performance

VCLAX had a total return of -2.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.51%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VCITX	Investor Shares	0.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03622	Oct 1, 2026
Aug 31, 2026	$0.03514	Sep 1, 2026
Jul 31, 2026	$0.03474	Aug 3, 2026
Jun 30, 2026	$0.03502	Jul 1, 2026
May 29, 2026	$0.03493	Jun 1, 2026
Apr 30, 2026	$0.03539	May 1, 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:

Oct 3, 2026

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