Vanguard California Tax-Exempt Bond ETF (VTEC)

• Market cap: $923M
• 1 day: 0.42%
• 5 days: 0.50%
• 1 month: -2.15%
• 3 months: -1.90%
• 6 months: -3.75%
• Year to date: -2.77%
• 1 year: -2.51%
• 5 years: -3.75%
• 10 years: -3.75%

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

350% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 4

326% more capital invested

Capital invested by funds: $60.4M [Q3] → $257M (+$197M) [Q4]

283% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 6

37% more funds holding

Funds holding: 41 [Q3] → 56 (+15) [Q4]

23.66% more ownership

Funds ownership: 25.04% [Q3] → 48.7% (+23.66%) [Q4]