Vanguard California Tax-Exempt Funds - Vanguard California Intermediate-Term Tax-Exempt Fund(NASDAQMUTFUND) VCADX

The Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares focuses on providing tax-exempt income for California residents through a portfolio of high-quality municipal bonds. This fund aims to balance current income generation with moderate price volatility, making it an appealing option for investors seeking stability.

Products and Services

• Invests primarily in California municipal bonds
• Offers tax-exempt income at both federal and state levels
• Targets a dollar-weighted average maturity of 6 to 12 years

Growth Outlook

• Market capitalization stands at approximately $18.7 billion
• Dividend yield of 3.38% reflects strong income potential
• Price range over the past year indicates stable performance

Financial Highlights

• Recent dividend per share of $0.36945 enhances income generation
• Yearly high of $11.75 shows resilience in market conditions
• Trailing twelve months yield of 3.38% supports investor interest

The Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares is designed for investors looking for a reliable source of tax-exempt income. The fund's focus on high-quality municipal bonds helps mitigate risks associated with interest rate fluctuations while providing a steady income stream. With a solid market capitalization and a competitive dividend yield, this fund presents an attractive option for those seeking to invest in California's municipal bond market.