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Morningstar

Vanguard California Tax-Exempt Bond ETF VTEC

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VTEC

Will VTEC outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTEC’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VTEC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VTEC’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Vanguard California Tax-Exempt Bond ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VTEC

More VTEC Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV

1.62 1.4 Mil
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS

1.04 900,000
municipal

SACRAMENTO CALIF CITY FING AUTH REV

0.56 485,714
municipal

LOS ANGELES CALIF WASTEWATER SYS REV

0.52 448,393
municipal

LOS ANGELES CALIF UNI SCH DIST

0.51 444,538
municipal

CALIFORNIA ST

0.48 418,167
municipal

CALIFORNIA ST

0.48 412,765
municipal

SAN DIEGO CALIF PUB FACS FING AUTH SWR REV

0.46 396,693
municipal

LOS ANGELES CALIF UNI SCH DIST

0.42 360,166
municipal

SAN DIEGO CALIF UNI SCH DIST

0.39 340,414
municipal