VCITX — Vanguard California Long-Term Tax-Exempt Fund
Data updated: 2026-07-29
VCITX — Vanguard California Long-Term Tax-Exempt Fund. Long Municipal - National Bond · $6.09B AUM. Holdings, fees, performance and SEC filings.
VCITX Fund Overview
VCITX — Vanguard California Long-Term Tax-Exempt Fund is a US mutual fund managed by Vanguard California Tax-Free Funds, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard California Tax-Free Funds
- Category: Long Municipal - National Bond
- Assets under management: $6.09B
- 1-year return: 7.9%
- Ticker: VCITX
- SEC CIK: 0000783401
- SEC series ID: S000002567
- Share class ID: C000007068
VCITX Holdings
Top 10 holdings of Vanguard California Long-Term Tax-Exempt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 1.11% |
| California Community Choice Financing Authority | 0.83% |
| Mizuho Floater/Residual Trust | 0.75% |
| California Community Choice Financing Authority | 0.70% |
| California Community Choice Financing Authority | 0.69% |
| California Community Choice Financing Authority | 0.60% |
| San Mateo County Community College District | 0.59% |
| State of California | 0.57% |
| Public Finance Authority | 0.56% |
| California Enterprise Development Authority | 0.55% |
VCITX Portfolio Allocation
Asset-class allocation of Vanguard California Long-Term Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.7% |
| Securitized | 0.7% |
VCITX Performance
Total returns for VCITX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 7.9% |
| 3 years (annualised) | 4.4% |
| 5 years (annualised) | 1.0% |
VCITX Risk Information
Risk metrics for VCITX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.8%
VCITX Costs and Fees
VCITX costs about $14 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.14%
- Gross expense ratio: 0.14%
- Portfolio turnover: 55%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VCITX Cashflows
Over the 12 months to 2026-05, Vanguard California Long-Term Tax-Exempt Fund had net inflows of $436.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $66.40M |
| 2026-04 | $24.23M |
| 2026-03 | $41.29M |
| 2026-02 | $65.21M |
| 2026-01 | $26.50M |
| 2025-12 | $40.57M |
VCITX Debt Constituents
Largest debt holdings of Vanguard California Long-Term Tax-Exempt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 1.11% |
| California Community Choice Financing Authority | 0.83% |
| Mizuho Floater/Residual Trust | 0.75% |
| California Community Choice Financing Authority | 0.70% |
| California Community Choice Financing Authority | 0.69% |
| California Community Choice Financing Authority | 0.60% |
| San Mateo County Community College District | 0.59% |
| State of California | 0.57% |
| Public Finance Authority | 0.56% |
| California Enterprise Development Authority | 0.55% |
VCITX Prospectus and SEC Filings
Official Vanguard California Long-Term Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-27
- Prospectus (485BPOS) — filed 2025-03-28
- Prospectus supplement (497) — filed 2025-02-03
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-02-13
- Annual census (N-CEN) — filed 2025-02-12
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.