VanguardMuni Single StateVTEC · Cboe BZX

Vanguard California Tax-Exempt Bond ETF (VTEC)

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Price: $96.39; —11 Sept 2026
Assets: $3.3B; Total net assets
Expense ratio: 0.06%; Category 0.62%
Yield: 3.22%; Trailing distributions

1Y return: -0.1%-0.4%; Category 0.3%
3Y CAGR: —; Category 2.6%
5Y CAGR: —; Category -0.5%

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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	-2.6%	-2.8%	-2.3%	-1.9%	-0.1%	—	—	—	+1.3%
Muni Single State average	-2.5%	-2.8%	-1.9%	-1.3%	0.3%	2.6%	-0.5%	1.3%	1.1%
Difference	0.0%	0.0%	-0.3%	-0.6%	-0.4%	—	—	—	+0.2%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA6.3%
AA84.3%
A8.2%
BBB0.8%
BB0.1%
Other0.4%

Asset mix

Bonds98.2%
Cash1.8%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni Single State
Ticker: VTEC
Exchange: Cboe BZX
Inception: 26 Jan 2024 (2.6 years)
Structure: Exchange Traded Fund
Expense ratio: 0.06% (category 0.62%)
Holdings turnover: 30% (category 53%)
Distribution yield: 3.22%
Beta, 3 years: 0.00
Total net assets: $3.3B
Average maturity: 10.29 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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