VCITX
VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND
VANGUARD CALIFORNIA TAX-FREE FUNDS

Average annual returns

Through 2025
1 year
3.97%
3 year
4.50%
5 year
0.90%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Feb. 28, 2026
Volatility (ann.)
6.34%
Sharpe
0.79
Sortino
1.72
Max drawdown
-15.36%
Best month
7.41%
Worst month
-4.35%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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