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 high-quality municipal bonds
• Designed for California residents seeking tax-exempt income
• Dollar-weighted average maturity typically between 6 and 12 years

Growth Outlook

• Market capitalization stands at approximately $19.53 billion
• Dividend yield of 3.21% reflects strong income potential
• Price range over the past year indicates stable performance

Financial Highlights

• Recent share price fluctuated between $11.26 and $11.75
• Trailing twelve months dividend per share of $0.3662
• Consistent income generation with over 80% tax-exempt securities

The Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares is structured to provide investors with a reliable income stream while minimizing exposure to interest rate fluctuations. The fund's focus on high-quality municipal bonds ensures that it remains a viable option for those looking to invest in tax-exempt securities. With a solid market capitalization and a competitive dividend yield, this fund presents an attractive opportunity for investors in California.