Performance
Trailing returns
| 1 day | +0.00% | ||||
| 1 week |
| -0.05% | |||
| 4 week |
| -0.08% | |||
| 3 month | +0.55% |
| |||
| YTD | +1.32% |
| |||
| 1 year | +4.30% |
| |||
| 3 years* | +5.88% |
| |||
| 5 years* | +5.27% |
| |||
| *annualized | |||||
| Best 3 month return | +7.14% | |
| Worst 3 month return | -4.58% |
Morningstar statistics
Morningstar category: Muni California Intermediate
| Return | Risk | Rating | |
| 3 years | Above Average | Average |
 
|
| 5 years | Above Average | Average |
|
| 10 years | Above Average | Average |
|
| Overall | Above Average | Average |
|
Key statistics
| Total assets | 7.20B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.20% | |
| Management fee | - | |
| Fund family | Vanguard |
Asset allocation
| Cash | 4.53% | |
| Stocks | 0.00% | |
| Bonds | 95.47% | |
| Other | 0.00% |
Purchase information
| Initial | US$3,000 | |
| Additional | US$100 | |
| IRA Initial | US$3,000 |
11.74-0.01(-0.09%)
May 20, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks to provide a higher level of current income than shorter-term bonds, but with less share-price fluctuation than longer-term bonds. The fund invests primarily in high-quality municipal bonds issued by California state and local governments and regional governmental authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and California state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 6 and 12 years. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
James D�Arcy (Started: Jul 22, 2011)
James D�Arcy (Started: Jul 22, 2011)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.32 | -0.03 | -0.26 | -0.52 | |
| Beta* | 0.96 | 0.98 | 0.95 | 0.93 | |
| Mean annual return | 0.43 | 0.50 | 0.46 | 0.36 | |
| R-squared* | 97.85 | 97.50 | 95.97 | 96.77 | |
| Standard deviation | 2.75 | 3.74 | 4.60 | 4.28 | |
| Sharpe ratio | 1.86 | 1.56 | 1.13 | 0.60 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| California St Dept Wtr Res Pwr Rev Bd 5% | 0.85% | |
| California St Go Ref Bd 5% | 0.85% | |
| California St Econ Recover Economi 5.25% | 0.79% | |
| Golden St Tob Securitization C Ass 6.25% | 0.77% | |
| California St Econ Recover Economic 5% | 0.76% | |
| California St Econ Recover Economic 5% | 0.59% | |
| California St Econ Recover Economic 5% | 0.56% | |
| California St Go Bds 5.75% | 0.53% | |
| California St Econ Recover Economic 5% | 0.51% | |
| California St Go Bds 5.75% | 0.51% |