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Mutual Fund Insights: Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

In-depth Analysis of Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

Mutual fund chart: Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

3 months
6 months
1 year
3 year
5 year

See Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) performance details as of February 28, 2010

  

    Last Trade: $11.09 on 3/19/2010, Change: -0.01 (-0.09%)

  

Fund ManagerFund Manager - John M. Carbone

Fund Manager Tenure: 1.6 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)
John M. Carbone has worked in investment management since 1988. John M. Carbone has managed investment portfolios since 1991. John M. Carbone has been with Vanguard since 1996.  Get more insights on John M. Carbone

  

What we like about Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) What we like about Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

Data for Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) as of February 28, 2010

  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has good short-term performance (1-year return 9.55% vs 12.42 % Muni California Long category average)
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has good mid-term performance (3-year return 2.44% vs 1.83 % Muni California Long category average)
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has good Long-term performance (5-year return 3.38% vs 2.92 % Muni California Long category average)
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) ratio of up-years vs down years is greater than 2
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has a Morningstar rating of 4 and above
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has an annual stock turnover rate of 18.00% vs Muni California Long average of 32.82%. It is good that Vanguard CA Long-Term Tax-Exempt Adm management does not trade extensively for its return.
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.02, lower than category average of 8.44
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) has a lower management fee than its Muni California Long average: 0.12% vs 1.04%
  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) What we are cautious about Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

Data for Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) as of February 28, 2010

  • Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) management has been with Vanguard CA Long-Term Tax-Exempt Adm Fund for only 1.6 years, it is hard to judge manager's ability based on this fund's operation record
See Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Muni California Long category?

Below are some additional Muni California Long mutual funds generated out of our database

  

Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) Net Asset

Track net asset change of Vanguard CA Long-Term Tax-Exempt Adm fund (VCLAX)

DateNet Asset
02/2010$2.89B
01/2010$2.18B
11/2009$2.18B
More historic net asset information on Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

  

Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) Portfolio Allocation

Track portfolio allocation change of Vanguard CA Long-Term Tax-Exempt Adm fund (VCLAX)

DateCashStockBondOther
09/20091.5%0%98.5%0%
07/20091.25%0%98.75%0%
03/20090.71%0%98.84%0.45%
Click here to see more historic asset allocation information on Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

  

Most Recent Top 10 Holdings in Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

Discover what Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX) manager is buying

30-Sep-09
Golden St Tob Securitization C Ass 6.25% [1.48%]
California St Go Bds 5% [1.38%]
California St Go Bds 6% [1.35%]
California Health Facs Fing Au Hos 5.25% [1.25%]
California St Go Bds 5% [1.22%]
M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [1.21%]
California St Go Bds 5% [1.17%]
California St Go Bds 6.5% [1.15%]
California St Econ Recover Econ Reco 5% [1.13%]
California Infrasct & Ec Workers C 5.25% [1.12%]

31-Jul-09
Golden St Tob Securitization C Ass 6.25% [1.6%]
California St Go Bds 5% [1.43%]
California St Go Bds 6% [1.37%]
California St Go Bds 5% [1.29%]
M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [1.28%]
California Infrasct & Ec Workers C 5.25% [1.21%]
California St Econ Recover Econ Reco 5% [1.2%]
California St Go Bds 5% [1.17%]
California St Go Bds 6.5% [1.16%]
California St Pub Wks Brd Leas Leas 6.5% [1.16%]

31-Mar-09
GOLDEN ST TOB SECURITIZATION C ASSET BAC [1.75%]
California St Dept Wtr Res Pwr Wtr Re 6% [1.69%]
M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [1.36%]
California St Go Bds 5% [1.34%]
California Health Facs Fing Au Hos 5.25% [1.32%]
California St Go Bds 5% [1.25%]
California St Pub Wks Brd Leas Leas 6.5% [1.24%]
Grant Calif Jt Un High Sch Dis Var Rate [1.22%]
California St Econ Recover Econ Reco 5% [1.2%]
California Infrasct & Ec Workers C 5.25% [1.18%]
Click here for Stock Holding Change Map in Vanguard CA Long-Term Tax-Exempt Adm Fund (VCLAX)

  

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