VTEC — Vanguard California Tax-Exempt Bond ETF
Data updated: 2026-07-29
VTEC — Vanguard California Tax-Exempt Bond ETF. Intermediate Municipal - National Bond · $2.64B AUM. Holdings, fees, performance and SEC filings.
VTEC Fund Overview
VTEC — Vanguard California Tax-Exempt Bond ETF is a US ETF managed by Vanguard California Tax-Free Funds, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Vanguard California Tax-Free Funds
- Category: Intermediate Municipal - National Bond
- Assets under management: $2.64B
- 1-year return: 6.4%
- Ticker: VTEC
- SEC CIK: 0000783401
- SEC series ID: S000083730
- Share class ID: C000247741
VTEC Holdings
Top 10 holdings of Vanguard California Tax-Exempt Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| University of California | 0.49% |
| Bay Area Toll Authority | 0.41% |
| Los Angeles Unified School District/CA | 0.28% |
| Los Angeles Unified School District/CA | 0.25% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 0.24% |
| Los Angeles Unified School District/CA | 0.24% |
| University of California | 0.22% |
| Los Angeles Department of Water & Power | 0.22% |
| California Educational Facilities Authority | 0.22% |
| State of California | 0.21% |
VTEC Portfolio Allocation
Asset-class allocation of Vanguard California Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.1% |
VTEC Performance
Total returns for VTEC (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 6.4% |
| 3 years (annualised) | 2.8% |
VTEC Risk Information
Risk metrics for VTEC, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.8%
VTEC Costs and Fees
VTEC costs about $6 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.06%
- Gross expense ratio: 0.06%
- Portfolio turnover: 30%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VTEC Cashflows
Over the 12 months to 2026-05, Vanguard California Tax-Exempt Bond ETF had net inflows of $1.65B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $208.98M |
| 2026-04 | $167.11M |
| 2026-03 | $137.29M |
| 2026-02 | $211.75M |
| 2026-01 | $165.78M |
| 2025-12 | $232.34M |
VTEC Debt Constituents
Largest debt holdings of Vanguard California Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| University of California | 0.49% |
| Bay Area Toll Authority | 0.41% |
| Los Angeles Unified School District/CA | 0.28% |
| Los Angeles Unified School District/CA | 0.25% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 0.24% |
| Los Angeles Unified School District/CA | 0.24% |
| University of California | 0.22% |
| Los Angeles Department of Water & Power | 0.22% |
| California Educational Facilities Authority | 0.22% |
| State of California | 0.21% |
VTEC Prospectus and SEC Filings
Official Vanguard California Tax-Exempt Bond ETF 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 2026-02-02
- 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 Intermediate 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.