# Portfolio overlap — VTEC vs VTEL Comparing **VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF** (2026-02-28) and **VANGUARD LONG-TERM TAX-EXEMPT BOND ETF** (2026-01-31). - Shared positions: 431 - VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF covered by VANGUARD LONG-TERM TAX-EXEMPT BOND ETF: 0.1014356977779292927485705949 - VANGUARD LONG-TERM TAX-EXEMPT BOND ETF covered by VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF: 0.1014356977779292927485705950 ## 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 LONG-TERM TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.009287 | | | State of California, Series 2025, GO Bonds | 0.002620 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.002427 | ✓ | | State of California, Series 2025, GO Bonds | 0.002080 | ✓ | | BATTERY PK REV 5% 11/1/2053 | 0.001565 | | | NY MTA TRANSP 5% 11/15/2050 | 0.001548 | | | MIAMI-DADE WTSW 4% 10/1/49 | 0.001544 | | | Washington Metropolitan Area Transit Authority, Series 2017 B, RB | 0.001528 | | | NY CITY TRANS FIN-F-1 | 0.001501 | | | Tender Option Bond Trust Receipts/Certificates | 0.001381 | | | State of California, Series 2025, GO Bonds | 0.001329 | ✓ | | Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB | 0.001323 | | | NY TRANS FIN AUTH-C | 0.001315 | | | IN MUNI PWR AGY-A-REF | 0.001312 | | | NY TRANS FIN AUTH-C | 0.001293 | | | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-41 | 0.001286 | | | Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB | 0.001285 | | | GRAND PKWY TRANSPRTN | 0.001263 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 06-15-50 | 0.001250 | | | NJ TRANSPRTN TRUST-A | 0.001240 | | | ILL ST TOLL 5% 1/1/45 | 0.001228 | | | San Diego County Regional Airport Authority, Series 2017 A | 0.001194 | ✓ | | Tender Option Bond Trust Receipts/Certificates | 0.001185 | | | CA ST PUB WKS-C-REF | 0.001185 | ✓ | | MA CMNWLTH-SER B | 0.001181 | | | UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5 | 0.001173 | ✓ | | UNIV OF MICHIGAN MI | 0.001157 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.001157 | | | NEW YORK MUNI-AA-1 | 0.001138 | | | TX WTR DEV BRD | 0.001131 | | | Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB | 0.001126 | | | FORT LAUDERDALE FL WTR & SWR REVENUE | 0.001112 | | | STATE OF CALIFORNIA 5.0% 08-01-37 | 0.001100 | | | NYC TRANSITIONAL-F-1 | 0.001094 | | | NYC NY 5% 4/1/2041 | 0.001089 | | | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-55 | 0.001086 | | | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-36 | 0.001084 | | | ENERGY NW/WPPS 5% 7/1/2037 | 0.001072 | | | STATE OF ILLINOIS S 5.00% | 0.001069 | | | NYC WTR 5% 6/15/2041 | 0.001068 | | | NYC WTR 5% 6/15/2045 | 0.001057 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1 | 0.001056 | | | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2021 B, Ref. RB | 0.001040 | ✓ | | SPRING TX INDEP SCH DIST | 0.001039 | | | STATE OF NEW JERSEY 5.0% 06-15-40 | 0.001036 | | | NY TRANS FIN AUTH-D-1 | 0.001036 | | | NYC TRANS FIN-S-3 | 0.001032 | | | NYC NY 5% 8/1/2047 | 0.001031 | | | MANSFIELD TX INDEP SCH DIST | 0.001030 | | | HUDSON YARDS NY 4% 2/15/44 | 0.001029 | | ## Sources - N-PORT (fund A) — accession `0000783401-26-000072` (as of 2026-02-28) - N-PORT (fund B) — accession `0000225997-26-000119` (as of 2026-01-31) --- _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. 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