VTEC ETF Profile

Family:	Vanguard
Name:	Vanguard California Tax-Exempt Bond ETF

Inception Date:	10-Jan-2024
Termination Date:
Investment Objective:	The California Tax-Exempt Bond ETF seeks to track the performance of a benchmark index that measures the investment-grade segment of the California municipal bond market. The fund is intended for California residents only. The Fund employs an indexing approach designed to track the performance of the S&P California AMT-Free Municipal Bond Index. This Index measures the performance of the investment-grade segment of the California municipal bond market as determined by the Index provider, S&P Dow Jones Indices LLC. This Index comprises municipal bonds issued in the State of California and primarily includes municipal bonds from issuers in California that are California state or local governments or agencies whose interest payments are exempt from U.S. federal income taxes, including the federal alternative minimum tax (AMT), and California state income taxes. To be eligible for inclusion in the Index, each bond must have a rating of at least investment-grade, as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., at least BBB- by Fitch Ratings, Inc), and the lowest rating will be used in determining if the bond is investment-grade.

Prospectus

Top 10 Holdings
	Top 10 Holdings Weight:

Number of Holdings:
Shares Outstanding:	4,950,000
Total Net Assets:	497,326,500
NAV:	100.15
Net Expense Ratio:	0.08%

Asset Class:	Bonds
Developed or Emerging:	Developed Market Funds
Country:	US
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State:	Municipal - California
Maturity Duration:	Fund Holds All Maturity Ranges
Market Cap:
Credit Quality:	Investment Grade Only
Mortgage Bond Types:
Bond Type:	Municipal
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged:	No
US or Ex-US:	Domestic