Vanguard California Tax-Exempt Bond Fund logo

Vanguard California Tax-Exempt Bond Fund (VTEC)

Market Open
1 Sep, 19:38
BATS BATS
$
97. 45
-0.68
-0.693%
$
4.05B Market Cap
3.1% Div Yield
39,975 Volume
$ 98.13
Previous Close
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Day Range
97.32 98.56
Year Range
97.1 101.9
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VTEC: Difficult To Work Out Who This Is Suitable For

VTEC: Difficult To Work Out Who This Is Suitable For

Understanding the design of financial instruments is crucial; misuse can lead to significant financial loss. Municipal bonds offer tax advantages but typically yield lower returns; diversification through funds is essential for retail investors. VTEC's yield is insufficient compared to other options, even considering tax benefits, making it less attractive for most investors.

Seekingalpha | 1 year ago