# Portfolio overlap — VTEC vs VCITX Comparing **VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF** (2026-02-28) and **VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND** (2026-02-28). - Shared positions: 420 - VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF covered by VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND: 0.1405076286073633480593606914 - VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND covered by VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF: 0.1405076286073633480593606913 ## VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southern California Public Power Authority, Series A | 0.005932 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.005505 | ✓ | | Bay Area Toll Authority, Series 2026A | 0.005146 | ✓ | | Irvine Ranch Water District, Series 2009 A, VRD RB | 0.003231 | | | LOS ANGELES UNIF SD-A | 0.003227 | | | LOS ANGELES UNIF SD-A | 0.003220 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003088 | ✓ | | LOS ANGELES UNIF SD-A | 0.002989 | | | Los Angeles Department of Water & Power, Series 2025A | 0.002720 | | | STATE OF CALIFORNIA 4.0% 03-01-36 | 0.002497 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.002483 | ✓ | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.002421 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000 | 0.002383 | ✓ | | E CO AWP JT PWRS-A-1 | 0.002360 | ✓ | | STATE OF CALIFORNIA | 0.002358 | | | SAN FRANCISCO USD | 0.002302 | | | UNIV OF CALIFORNIA CA | 0.002238 | | | IRVINE CA IMPT BOND ACT 1915 | 0.002207 | | | State of California | 0.002121 | | | CALIFORNIA ST EDUCTNL | 0.001954 | ✓ | | BAY AREA TOLL AUTHORITY FRN 04-01-55 | 0.001950 | ✓ | | LOS ANGELES DEPT-C | 0.001930 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.001924 | ✓ | | LOS ANGELES UNIF SD-A | 0.001918 | | | State of California | 0.001913 | | | BAY AREA CA TOLL AUTH | 0.001888 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001879 | | | IRVINE WTR-RF-A1-VAR | 0.001748 | ✓ | | BAY AREA TOLL AUTHORI VAR | 0.001706 | | | University of California, Series 2024 BW, Ref. RB | 0.001701 | | | Toll Road Sr Lien Refunding RB Series 2021A | 0.001691 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001673 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB | 0.001672 | | | Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C | 0.001662 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001629 | | | State of California 5.00% 03/01/2055 | 0.001623 | | | Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds | 0.001620 | | | STATE OF CALIFORNIA 5.0% 10-01-35 | 0.001618 | | | LOS ANGELES UNIF SD-A | 0.001609 | | | State of California | 0.001587 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001586 | | | State of California, Series 2007 | 0.001569 | | | LOS ANGELES DEPT-B | 0.001530 | ✓ | | Los Angeles Unified School District, Series 2023QRR | 0.001520 | | | Santa Monica Community College District, Series 2018A | 0.001504 | | | State of California, Series 2025, GO Bonds | 0.001497 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.001486 | ✓ | | STATE OF CALIFORNIA | 0.001464 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001462 | | | Sacramento Municipal Utility District, Series 2025F | 0.001427 | | ## VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | BAY AREA TOLL-H | 0.011018 | | | CALIFORNIA COMMUNITY VAR | 0.010338 | | | STHRN CALIFORNIA ST | 0.009644 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB | 0.008405 | | | JPM-PUTTERS-MIZ9119 | 0.007517 | | | CALIFORNIA COMMUNITY VAR | 0.007237 | | | California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB | 0.006995 | ✓ | | CA PUB FIN AUTH-B1 | 0.006311 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB | 0.006008 | | | ELSINORE VLY MUNI-A | 0.005818 | | | TNDR OPT-FLTRS-XG0100 | 0.005682 | | | STATE OF CALIFORNIA 5.0% 09-01-41 | 0.005465 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.005387 | ✓ | | UNIV OF CALIFORNIA-Q | 0.005271 | ✓ | | NRTHRN CA ENRGY | 0.005117 | | | San Diego Community College District, Series A-1 | 0.005087 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.004982 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.004955 | | | CALIFORNIA COMMUNITY VAR | 0.004793 | | | CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4 | 0.004694 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004600 | ✓ | | UNIV OF CALIFORNIA REVENUES | 0.004599 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004394 | ✓ | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.004346 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB | 0.004341 | | | State of California 5.00% 09/01/2042 | 0.004326 | ✓ | | California Community Choice Financing Authority, Series B-1 | 0.004280 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB | 0.004226 | | | STATE OF CALIFORNIA | 0.004183 | ✓ | | UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5 | 0.004004 | ✓ | | LOS ANGELES DEPT WTR | 0.003879 | ✓ | | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs. | 0.003794 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003776 | | | California Community Choice Financing Authority, Series C | 0.003768 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003717 | ✓ | | HAYWARD UNIFIED SD-B | 0.003712 | ✓ | | HAYWARD | 0.003565 | ✓ | | California Community Choice Financing Authority, Series F | 0.003527 | | | UNIV OF CA REGENTS -P | 0.003506 | | | California Community Choice Financing Authority, Series 2025G | 0.003479 | | | CA PUB FIN AUTH-A-1 | 0.003474 | | | CA ST UNIV-A-REF | 0.003436 | ✓ | | Los Angeles County Public Works Financing Authority, Series 2024H | 0.003394 | ✓ | | San Francisco Community College District, Series B | 0.003381 | ✓ | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003330 | | | California (State of) Housing Finance Agency, Series 2019 A-2, RB | 0.003288 | | | E CO AWP JT PWRS-A-1 | 0.003267 | ✓ | | Bay Area Toll Authority, Series 2018A | 0.003258 | ✓ | | LOS ANGELS WTR & PWR- | 0.003257 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.003167 | ✓ | ## Sources - N-PORT (fund A) — accession `0000783401-26-000072` (as of 2026-02-28) - N-PORT (fund B) — accession `0000783401-26-000074` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _