VCTXX — Vanguard California Municipal Money Market Fund
Data updated: 2026-03-27
VCTXX — Vanguard California Municipal Money Market Fund. Money Market · 0.12% expense ratio. Holdings, fees, performance and SEC filings.
VCTXX Fund Overview
VCTXX — Vanguard California Municipal Money Market Fund is a US mutual fund managed by Vanguard California Tax-Free Funds, categorised as Money Market. 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: Money Market
- Ticker: VCTXX
- SEC CIK: 0000783401
- SEC series ID: S000002565
- Share class ID: C000007065
VCTXX Investment Objective and Strategy
Vanguard California Municipal Money Market Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard California Tax-Free Funds.
Investment objective
The Fund seeks to provide current income that is exempt from both federal and California personal income taxes while maintaining a stable net asset value of $1 per share. The Fund is intended for California residents only.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its assets in a variety of high-quality, short-term California municipal securities whose income is exempt from federal and California state taxes. To be considered high quality, a security must be determined by Vanguard to present minimal credit risk based in part on a consideration of maturity, portfolio diversification, portfolio liquidity, and credit quality. The Fund invests in securities with effective maturities of 397 days or less, maintains a dollar-weighted average maturity of 60 days or less, and maintains a dollar-weighted average life of 120 days or less.
VCTXX Holdings
Top 10 holdings of Vanguard California Municipal Money Market Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nuveen California Quality Municipal Income Fund | 3.13% |
| University of California | 2.63% |
| Metropolitan Water District of Southern California | 2.37% |
| FHLMC Multifamily CRD Certificates | 2.17% |
| California Health Facilities Financing Authority | 2.05% |
| Abag Finance Authority for Nonprofit Corps. | 1.99% |
| Nuveen California Quality Municipal Income Fund | 1.94% |
| Sacramento Municipal Utility District | 1.84% |
| University of California | 1.69% |
| Metropolitan Water District of Southern California | 1.65% |
VCTXX Costs and Fees
VCTXX costs about $12 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.12%
- Gross expense ratio: 0.12%
VCTXX Debt Constituents
No individual debt constituents are reported in Vanguard California Municipal Money Market Fund's latest SEC N-PORT filing.
VCTXX Prospectus and SEC Filings
Official Vanguard California Municipal Money Market Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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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.