VanguardMuni Single StateVTEC · Cboe BZX

Vanguard California Tax-Exempt Bond ETF (VTEC)

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Price: $97.14; —30 Oct 2026
Assets: $3.5B; Total net assets
Expense ratio: 0.06%; Category 0.62%
Yield: 3.34%; Trailing distributions

1Y return: -0.3%-0.5%; Category 0.1%
3Y CAGR: —; Category 4.1%
5Y CAGR: —; Category -0.0%

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Vanguard California Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+3.3%	-0.8%	-1.3%	-0.8%	-0.3%	—	—	—	+1.7%
Muni Single State average	3.4%	-0.9%	-1.3%	-0.3%	0.1%	4.1%	-0.0%	1.6%	1.2%
Difference	0.0%	+0.1%	+0.1%	-0.5%	-0.5%	—	—	—	+0.4%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA5.3%
AA85.1%
A7.7%
BBB1.1%
BB0.1%
Other0.7%

Asset mix

Bonds99.4%
Cash0.6%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni Single State
Ticker: VTEC
Exchange: Cboe BZX
Inception: 26 Jan 2024 (2.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.06% (category 0.62%)
Holdings turnover: 30% (category 53%)
Distribution yield: 3.34%
Beta, 3 years: 0.00
Total net assets: $3.5B
Average maturity: 9.86 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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