VCLAX — Vanguard California Long-Term Tax-Exempt Fund
Data updated: 2026-07-29
VCLAX — Vanguard California Long-Term Tax-Exempt Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $6.09B AUM · 0.09% expense ratio · 5.0% 1-yr return. From SEC regulatory filings.
VCLAX Fund Overview
VCLAX — 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: 5.0%
- Ticker: VCLAX
- SEC CIK: 0000783401
- SEC series ID: S000002567
- Share class ID: C000007069
VCLAX 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% |
VCLAX 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% |
VCLAX Performance
Total returns for VCLAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.3% |
| 1 year | 5.0% |
| 3 years (annualised) | 5.1% |
| 5 years (annualised) | 1.7% |
VCLAX Risk Information
Risk metrics for VCLAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
VCLAX Costs and Fees
VCLAX costs about $9 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.09%
- Gross expense ratio: 0.09%
- Portfolio turnover: 55%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VCLAX Cashflows
Over the 12 months to 2026-02, Vanguard California Long-Term Tax-Exempt Fund had net inflows of $328.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $65.21M |
| 2026-01 | $26.50M |
| 2025-12 | $40.57M |
| 2025-11 | $35.05M |
| 2025-10 | $68.74M |
| 2025-09 | $38.18M |
VCLAX 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% |
VCLAX Prospectus and SEC Filings
Official Vanguard California Long-Term Tax-Exempt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.