Vanguard CA Long-Term Tax-Exempt Adm
Po Box 2600 V26 Valley Forge PA 19482
Map
Phone: 800-662-6273
| Category: | Muni California Long | | Fund Family: | Vanguard | | Net Assets: | 2.10B | | Year-to-Date Return: | -6.01% | | Yield: | 4.94% | | Morningstar Rating: |  | | Fund Inception Date: | 12-Nov-01 |
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Reid Smith
Lead Manager since
01-Jul-03 | | | Smith is a portfolio manager with the Vanguard Group, his employer since May 1992. Prior to joining the firm, he managed portfolios for Van Kampen Merritt for one year and for Hawaiian Trust Company for five years. Smith is a member of both the Association for Investment Mgmt. and Research and the Investment Analysts Society of Philadelphia. Smith holds a Chartered Financial Analyst designation and Certified Financial Planner. |
| Min Initial Investment: | $100,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $100,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments and regional governmental authorities. It invests at least 80% of assets in securities that are exempt from both federal and California taxes. The fund's dollar-weighted average nominal maturity is expected to be between 10 and 25 years. It is intended for California residents only. The fund is nondiversified. |
| Last Dividend
(31-Oct-08):
| 0.04 | | Last Cap Gain
(29-Dec-05):
| 0.02 | | Annual Holdings Turnover
| 23.00% | | Average for Category:
| 30.80% |
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| Expense | VCLAX | Category
Avg | | Total Expense Ratio: | 0.08%
| 1.12% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.38% | | Max Deferred Sales Load: | 0.00%
| 2.62% | | 3 Yr Expense Projection*: |
$26 | $581 | | 5 Yr Expense Projection*: |
$45 | $834 | | 10 Yr Expense Projection*: |
$103 | $1,555 |
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2.63% Nasdaq 0.00%
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