Key stats
About Vanguard California Tax-Exempt Bond ETF
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Inception date
Jan 26, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
ISIN
US9220216058
VTEC is passively managed to provide broad exposure to California muni bonds. The fund holds USD-denominated municipal bonds issued in California, whose interest is exempt from US and California income taxes and the alternative minimum tax (AMT). Eligible securities must have a rating of at least investment grade, a minimum par amount of $15 million, and a remaining term to maturity of at least one month. The fund uses a sampling strategy to track the market value-weighted index, which rebalances monthly. As with all Vanguard ETFs, VTEC only discloses its holdings monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.08%
Cash−0.08%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VTEC last dividends amounted to 0.28 USD. The month before, the issuer paid 0.24 USD in dividends, which shows a 13.04% increase.
Yes, VTEC pays dividends to its holders with the dividend yield of 3.00%. The last dividend (Sep 4, 2025) amounted to 0.28 USD. The dividends are paid monthly.
VTEC shares are issued by The Vanguard Group, Inc. under the brand Vanguard. The ETF was launched on Jan 26, 2024, and its management style is Passive.
VTEC expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
VTEC follows the S&P California AMT-Free Municipal Bond. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VTEC invests in bonds.