Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCAIX)

california-municipal-bonds tax-exempt intermediate-term

This fund focuses on intermediate-term, investment-grade municipal bonds issued in California, offering tax-exempt income for qualifying investors. It provides exposure to a diversified portfolio of municipal securities, potentially benefiting California residents seeking tax-advantaged income. The fund's intermediate-term focus aims to balance yield and interest rate sensitivity.