Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX)
Vanguard California Long-Term Tax-Exempt Fund Investor Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $10.77, down 0.46% on the session, giving a market capitalisation of $5.90B. Its beta of 1.14 implies it has historically moved more than the broad market.
The fund's investment objective is to seek to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional government and public financing authorities. The fund's dollar-weighted average maturity is expected to be between 10 and 25 years.
Vanguard California Long-Term Tax-Exempt Fund Investor Shares is most often compared with the following Financial Services names: