VCLAX | VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES

Basic Info 11.39 0.02(0.18%)
May 06

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES started on 11/14/2001

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES is classified as asset class Muni California Long

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES expense ratio is 0.09%

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES rating is

(74%)

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) Dividend Info

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) dividend growth in the last 12 months is 14.69%

The trailing 12-month yield of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES is 3.22%. its dividend history:

Date	Dividend
04/30/2024	0.033
03/28/2024	0.032
02/29/2024	0.031
01/31/2024	0.03
12/29/2023	0.031
11/30/2023	0.031
10/31/2023	0.031
09/29/2023	0.031
08/31/2023	0.03
07/31/2023	0.029
06/30/2023	0.029
05/31/2023	0.029
04/28/2023	0.029
03/31/2023	0.029
02/28/2023	0.029
01/31/2023	0.028
12/30/2022	0.028
11/30/2022	0.027
10/31/2022	0.026
09/30/2022	0.025
08/31/2022	0.025
07/29/2022	0.024
06/30/2022	0.025
05/31/2022	0.025
04/29/2022	0.025
03/31/2022	0.025
02/28/2022	0.026
01/31/2022	0.024
12/31/2021	0.025
12/29/2021	0.079
11/30/2021	0.025
10/29/2021	0.025
09/30/2021	0.025
08/31/2021	0.025
07/30/2021	0.025
06/30/2021	0.025
05/28/2021	0.025
04/30/2021	0.026
03/31/2021	0.025
02/26/2021	0.027
01/29/2021	0.026
12/31/2020	0.027
12/29/2020	0.083
11/30/2020	0.027
10/30/2020	0.027
09/30/2020	0.028
08/31/2020	0.027
07/31/2020	0.028
06/30/2020	0.028
05/29/2020	0.029
04/30/2020	0.029
03/31/2020	0.03
02/28/2020	0.028
01/31/2020	0.03
12/31/2019	0.03
11/29/2019	0.029
10/31/2019	0.031
09/30/2019	0.03
08/30/2019	0.031
07/31/2019	0.032
06/28/2019	0.031
05/31/2019	0.032
04/30/2019	0.032
03/29/2019	0.034
02/28/2019	0.031
01/31/2019	0.034
12/31/2018	0.035
11/30/2018	0.033
10/31/2018	0.034
09/28/2018	0.033
08/31/2018	0.034
07/31/2018	0.034
06/29/2018	0.034
05/31/2018	0.035
04/30/2018	0.033
03/29/2018	0.034
02/28/2018	0.031
01/31/2018	0.034
12/29/2017	0.036
11/30/2017	0.033
10/31/2017	0.034
09/29/2017	0.033
08/31/2017	0.034
07/31/2017	0.035
06/30/2017	0.034
05/31/2017	0.035
04/28/2017	0.034
03/31/2017	0.035
02/28/2017	0.031
01/31/2017	0.034
12/30/2016	0.035
11/30/2016	0.034
10/31/2016	0.035
09/30/2016	0.034
08/31/2016	0.035
07/29/2016	0.036
06/30/2016	0.035
05/31/2016	0.036
04/29/2016	0.035
03/31/2016	0.036
02/29/2016	0.034
01/29/2016	0.036
12/31/2015	0.036
11/30/2015	0.035
10/30/2015	0.036
09/30/2015	0.036
08/31/2015	0.037
07/31/2015	0.037
06/30/2015	0.036
05/29/2015	0.038
04/30/2015	0.037
03/31/2015	0.037
02/27/2015	0.034
01/30/2015	0.038
12/31/2014	0.037
11/28/2014	0.036
10/31/2014	0.037
09/30/2014	0.036
08/29/2014	0.038
07/31/2014	0.039
06/30/2014	0.037
05/30/2014	0.039
04/30/2014	0.038
03/31/2014	0.039
02/28/2014	0.035
01/31/2014	0.039
12/31/2013	0.039
11/29/2013	0.037
10/31/2013	0.039
09/30/2013	0.037
08/30/2013	0.038
07/31/2013	0.039
06/28/2013	0.038
05/31/2013	0.039
04/30/2013	0.038
03/28/2013	0.039
02/28/2013	0.036
01/31/2013	0.039
12/31/2012	0.039
11/30/2012	0.038
10/31/2012	0.04
09/28/2012	0.038
08/31/2012	0.039
07/31/2012	0.04
06/29/2012	0.038
05/31/2012	0.04
04/30/2012	0.039
03/30/2012	0.04
02/29/2012	0.037
01/31/2012	0.04
12/30/2011	0.04
11/30/2011	0.039
10/31/2011	0.04
09/30/2011	0.039
08/31/2011	0.04
07/29/2011	0.041
06/30/2011	0.04
05/31/2011	0.041
04/29/2011	0.04
03/31/2011	0.041
02/28/2011	0.038
01/31/2011	0.042
12/31/2010	0.042
11/30/2010	0.04
10/29/2010	0.041
09/30/2010	0.039
08/31/2010	0.041
07/30/2010	0.041
06/30/2010	0.04
05/28/2010	0.042
03/31/2010	0.041
02/26/2010	0.037
01/29/2010	0.041
12/31/2009	0.042
11/30/2009	0.04
10/30/2009	0.041
09/30/2009	0.04
08/31/2009	0.041
07/31/2009	0.042
06/30/2009	0.041
05/29/2009	0.042
04/30/2009	0.041
03/31/2009	0.041
02/27/2009	0.038
01/30/2009	0.042
12/31/2008	0.042
11/28/2008	0.04
10/31/2008	0.042
09/30/2008	0.042
08/29/2008	0.043
07/31/2008	0.043
06/30/2008	0.041
05/30/2008	0.043
04/30/2008	0.041
03/31/2008	0.043
02/29/2008	0.041
01/31/2008	0.044
12/31/2007	0.044
11/30/2007	0.044
10/31/2007	0.045
09/28/2007	0.044
08/31/2007	0.045
07/31/2007	0.045
06/29/2007	0.045
05/31/2007	0.048
04/30/2007	0.045
03/30/2007	0.046
02/28/2007	0.041
01/31/2007	0.046
12/29/2006	0.046
11/30/2006	0.045
10/31/2006	0.046
09/29/2006	0.044
08/31/2006	0.045
07/31/2006	0.046
06/30/2006	0.044
05/31/2006	0.046
04/28/2006	0.044
03/31/2006	0.045
02/28/2006	0.041
01/31/2006	0.046
12/30/2005	0.046
12/29/2005	0.022
11/30/2005	0.044
10/31/2005	0.045
09/30/2005	0.043
08/31/2005	0.045
07/29/2005	0.045
06/30/2005	0.044
05/31/2005	0.046
04/29/2005	0.045
03/31/2005	0.045
02/28/2005	0.041
01/31/2005	0.046
12/31/2004	0.099
11/30/2004	0.044
10/29/2004	0.045
09/30/2004	0.044
08/31/2004	0.046
07/30/2004	0.047
06/30/2004	0.045
05/28/2004	0.046
04/30/2004	0.045
03/31/2004	0.047
02/27/2004	0.045
01/30/2004	0.049
12/31/2003	0.151
11/28/2003	0.047
10/31/2003	0.047
09/30/2003	0.044
08/29/2003	0.046
07/31/2003	0.047
06/30/2003	0.045

Dividend Growth History for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX)

Year	Payout Amount	Year Start Yield	Annual Payout Growth (YoY)	CAGR to 2023
2023	$0.356	3.20%	16.72%	-
2022	$0.305	2.41%	-20.37%	16.72%
2021	$0.383	2.99%	-9.03%	-3.59%
2020	$0.421	3.35%	11.67%	-5.44%
2019	$0.377	3.16%	-6.68%	-1.42%
2018	$0.404	3.31%	-0.98%	-2.50%
2017	$0.408	3.45%	-3.09%	-2.25%
2016	$0.421	3.44%	-3.66%	-2.37%
2015	$0.437	3.60%	-2.89%	-2.53%
2014	$0.45	4.00%	-1.75%	-2.57%
2013	$0.458	3.82%	-2.14%	-2.49%
2012	$0.468	4.09%	-2.70%	-2.46%
2011	$0.481	4.49%	8.09%	-2.48%
2010	$0.445	4.05%	-9.37%	-1.70%
2009	$0.491	4.82%	-2.77%	-2.27%
2008	$0.505	4.41%	-6.13%	-2.30%
2007	$0.538	4.57%	0.00%	-2.55%
2006	$0.538	4.60%	-3.41%	-2.40%
2005	$0.557	4.71%	-7.48%	-2.46%
2004	$0.602	5.06%	40.98%	-2.73%
2003	$0.427	3.57%	-	-0.91%

Dividend Growth Chart for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX)

VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) Historical Returns And Risk Info

From 11/12/2001 to 05/06/2024, the compound annualized total return (dividend reinvested) of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 3.514%. Its cumulative total return (dividend reinvested) is 117.071%.

From 11/12/2001 to 05/06/2024, the Maximum Drawdown of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 15.7%.

From 11/12/2001 to 05/06/2024, the Sharpe Ratio of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 0.62.

From 11/12/2001 to 05/06/2024, the Annualized Standard Deviation of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 4.0%.

From 11/12/2001 to 05/06/2024, the Beta of VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 0.99.

	Last 1 Week*	YTD*(2024)	1 Yr	3 Yr	5 Yr	10 Yr	15 Yr	20 Yr	Inception**	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Annualized Return(%)	0.7	-1.0	3.4	-0.9	1.6	2.9	4.1	3.9	3.5	7.6	-10.0	1.9	5.7	8.6	0.7	6.9	0.2	4.4	11.9	-2.5	9.0	11.6	1.4	13.3	-6.8	1.6	5.3	3.9	4.3	3.0	4.3	-3.8
Sharpe Ratio	NA	-2.04	-0.09	-0.73	0.0	0.45	NA	NA	0.62	0.71	-2.12	1.05	0.62	3.34	-0.27	2.33	-0.01	1.79	5.42	-0.64	3.68	3.97	0.38	3.34	-1.07	-0.45	0.83	0.59	0.79	0.6	0.91	-7.65
Draw Down(%)	NA	2.1	6.6	15.7	15.7	15.7	NA	NA	15.7	7.0	15.6	2.5	12.6	1.9	2.5	1.7	7.4	2.6	1.4	8.1	2.1	3.0	6.5	3.4	12.3	3.5	1.6	2.9	6.2	6.0	5.4	4.4
Standard Deviation(%)	NA	3.2	4.5	4.4	5.3	4.1	NA	NA	4.0	4.8	5.4	1.8	8.7	2.2	2.1	2.7	3.3	2.5	2.2	3.9	2.5	2.9	3.5	4.0	7.2	3.0	2.5	2.9	4.2	3.9	3.5	3.7
Treynor Ratio	NA	-0.07	0.0	-0.03	0.0	0.02	NA	NA	0.02	0.03	-0.11	0.02	0.05	0.07	-0.01	0.06	0.0	0.04	0.12	-0.02	0.09	0.12	0.01	0.13	-0.08	-0.01	0.02	0.02	0.03	0.02	0.04	-0.36
Alpha	NA	0.0	0.0	0.0	0.0	0.0	NA	NA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.01	-0.01	-0.05
Beta	NA	1.0	1.0	1.0	1.0	1.0	NA	NA	0.99	1.0	1.0	1.01	1.0	1.0	1.01	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.95	0.87	0.79
RSquare	NA	1.0	1.0	1.0	1.0	1.0	NA	NA	0.99	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.96	0.87	0.87
Yield(%)	N/A	1.0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3.2	2.4	3.2	3.5	3.0	2.9	3.4	3.7	3.9	4.3	4.0	4.2	4.5	4.0	4.7	4.2	4.3	4.5	4.5	5.0	3.6	0.0	0.0
Dividend Growth(%)	N/A	-66.7	N/A	N/A	N/A	N/A	N/A	N/A	N/A	20.0	-26.8	-6.8	22.2	0.0	-10.0	-11.1	-4.3	-2.1	0.0	0.0	0.0	9.1	-8.3	0.0	-5.9	-3.8	0.0	-10.2	37.2	N/A	N/A	N/A

Return Calculator for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX)

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VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) Historical Return Chart

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VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 11/12/2001 to 05/06/2024, the worst annualized return of 3-year rolling returns for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is -3.23%.

From 11/12/2001 to 05/06/2024, the worst annualized return of 5-year rolling returns for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 0.53%.

From 11/12/2001 to 05/06/2024, the worst annualized return of 10-year rolling returns for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 2.18%.

From 11/12/2001 to 05/06/2024, the worst annualized return of 20-year rolling returns for VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND ADMIRAL SHARES (VCLAX) is 3.64%.

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