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

The Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares is designed for California residents seeking tax-exempt income. This fund primarily invests in high-quality municipal bonds issued by California's state and local governments, providing a stable income stream while minimizing tax liabilities.

Products and Services

• Invests in high-quality municipal bonds
• Focuses on tax-exempt income for California residents
• Maintains a dollar-weighted average maturity of 6 to 12 years

Growth Outlook

• Market capitalization stands at approximately $19.05 billion
• Dividend yield of 3.25% offers attractive income potential
• Stable share price range between $11.11 and $11.75 over the year

Financial Highlights

• Recent dividend payment of $0.3618 per share
• Trailing twelve months revenue of $1.11 billion
• Consistent performance with a beta of 0.81, indicating lower market risk

The Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares aims to provide investors with a reliable income source while minimizing tax burdens. The fund's focus on high-quality municipal bonds ensures a level of stability, making it an appealing option for California residents. The recent dividend yield and stable share price reflect the fund's commitment to delivering value to its investors. With a significant market capitalization, the fund is well-positioned to navigate the financial landscape, offering potential for growth and income.