Vanguard California Municipal Money Market Fund Investor Shares

VCTXX

California MunicipalRetail
7-day Yield
#648
1.59%
as of 2/28/2026
Net assets
$3.8B
Expense ratio
0.12%
WAM
15
WAL
15
Minimum
$3K
Holding details
55% Variable Rate Demand Notes
30% Tender Option Bonds
2% Municipal Bonds
13% Non-Financial CP
as of 2/28/2026

Performance

Portfolio Securities

SecurityYield%
University of California 1.410000%1.41%2.38%
Abag Finance Authority for Nonprofit Corps. 1.300000%1.30%2.15%
Nuveen California Quality Municipal Income Fund 1.970000%1.97%2.10%
San Francisco City & County Airport Commission-San Francisco International Airport 1.000000%1.00%2.09%
Sacramento Municipal Utility District 1.250000%1.25%1.99%
University of California 1.410000%1.41%1.83%
Metropolitan Water District of Southern California 1.350000%1.35%1.79%
University of California 1.400000%1.40%1.61%
California Municipal Finance Authority 1.770000%1.77%1.55%
Metropolitan Water District of Southern California 1.250000%1.25%1.48%
California Health Facilities Financing Authority 1.350000%1.35%1.46%
University of California 1.260000%1.26%1.44%
Elsinore Valley Municipal Water District Financing Authority 0.900000%0.90%1.36%
City of Big Bear Lake, CA 1.700000%1.70%1.33%
California Health Facilities Financing Authority 1.000000%1.00%1.33%
California Health Facilities Financing Authority 1.000000%1.00%1.29%
California Statewide Communities Development Authority 1.050000%1.05%1.28%
Southern California Public Power Authority 1.350000%1.35%1.21%
BlackRock MuniHoldings California Quality Fund Inc. 2.020000%2.02%1.19%
California Educational Facilities Authority 0.900000%0.90%1.16%
Nuveen California AMT-Free Quality Municipal Income Fund 1.910000%1.91%1.16%
California Educational Facilities Authority 0.830000%0.83%1.06%
California Statewide Communities Development Authority 1.330000%1.33%1.04%
California Statewide Communities Development Authority 1.300000%1.30%1.03%
Bay Area Toll Authority 1.250000%1.25%0.90%
Bay Area Toll Authority 1.000000%1.00%0.87%
University of California 1.250000%1.25%0.81%
California Public Finance Authority 1.000000%1.00%0.80%
California Public Finance Authority 1.000000%1.00%0.79%
Modesto Public Financing Authority, CA 1.150000%1.15%0.76%
California Public Finance Authority 1.250000%1.25%0.75%
Western Municipal Water District Facilities Authority 1.150000%1.15%0.69%
Bay Area Toll Authority 1.250000%1.25%0.66%
State of California 1.000000%1.00%0.60%
California Statewide Communities Development Authority 1.250000%1.25%0.56%
Regents of the University of California Medical Center Pooled Revenue 1.250000%1.25%0.53%
Nuveen California Quality Municipal Income Fund 1.950000%1.95%0.51%
University of California 1.200000%1.20%0.46%
County of San Bernardino, CA 1.430000%1.43%0.43%
California Statewide Communities Development Authority 1.430000%1.43%0.43%
California Statewide Communities Development Authority 1.250000%1.25%0.40%
Irvine Ranch Water District 0.900000%0.90%0.40%
Calleguas-Las Virgenes Public Financing Authority 1.330000%1.33%0.37%
Bay Area Toll Authority 1.570000%1.57%0.37%
California Health Facilities Financing Authority 1.250000%1.25%0.31%
California Statewide Communities Development Authority 1.430000%1.43%0.29%
Bay Area Toll Authority 1.260000%1.26%0.29%
City of Irvine, CA 1.050000%1.05%0.29%
Abag Finance Authority for Nonprofit Corps. 0.950000%0.95%0.27%
State of California 1.000000%1.00%0.27%
Southern California Public Power Authority 1.260000%1.26%0.26%
Nuveen California Quality Municipal Income Fund 1.950000%1.95%0.25%
City of Vacaville, CA 1.430000%1.43%0.24%
University of California 1.250000%1.25%0.24%
County of San Bernardino, CA 1.430000%1.43%0.23%
Irvine Ranch Water District Water Service Corps. 0.900000%0.90%0.23%
San Francisco City & County Redevelopment Agency Successor Agency 1.430000%1.43%0.19%
California Health Facilities Financing Authority 1.050000%1.05%0.18%
California Health Facilities Financing Authority 1.000000%1.00%0.16%
County of San Bernardino, CA 1.430000%1.43%0.14%
County of Orange, CA 1.430000%1.43%0.13%
State of California 1.250000%1.25%0.13%
Bay Area Toll Authority 1.250000%1.25%0.13%
County of San Bernardino, CA 1.430000%1.43%0.12%
City of Irvine, CA 1.050000%1.05%0.12%
County of San Bernardino, CA 1.430000%1.43%0.11%
University of California 1.350000%1.35%0.11%
Abag Finance Authority for Nonprofit Corps. 1.430000%1.43%0.10%
Regents of the University of California Medical Center Pooled Revenue 1.400000%1.40%0.10%
California Municipal Finance Authority 1.880000%1.88%0.10%
Rancho Water District Community Facilities District 1.000000%1.00%0.09%
Regents of the University of California Medical Center Pooled Revenue 1.400000%1.40%0.08%
California Public Finance Authority 1.250000%1.25%0.08%
County of Orange, CA 1.430000%1.43%0.07%
Sacramento County Housing Authority 1.300000%1.30%0.06%
California Statewide Communities Development Authority 1.430000%1.43%0.06%
County of San Bernardino, CA 1.430000%1.43%0.05%
County of San Diego, CA 0.960000%0.96%0.05%
San Mateo Joint Powers Financing Authority 1.100000%1.10%0.05%
Nuveen California AMT-Free Quality Municipal Income Fund 1.910000%1.91%0.05%
City of Santa Rosa, CA 1.410000%1.41%0.04%
County of San Bernardino, CA 1.430000%1.43%0.02%
City of Irvine, CA 1.050000%1.05%0.02%
California Health Facilities Financing Authority 1.400000%1.40%0.02%
Bay Area Toll Authority 1.250000%1.25%0.01%
Nuveen California Quality Municipal Income Fund 2.150000%2.15%3.40%
FHLMC Multifamily CRD Certificates 1.950000%1.95%2.37%
California Statewide Communities Development Authority 2.000000%2.00%1.49%
San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 1.360000%1.36%1.22%
California Health Facilities Financing Authority 1.880000%1.88%1.14%
California Municipal Finance Authority 1.900000%1.90%0.88%
Anaheim California Housing Authority Multifamily Housing Revenue Various Refunding Heritage Village Apts A 1.980000%2.32%0.71%
City & County of San Francisco, CA 1.950000%1.95%0.67%
San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 1.950000%1.70%0.58%
California Municipal Finance Authority Revenue 2.000000%2.00%0.53%
California Housing Finance Agency 1.900000%1.90%0.51%
California Health Facilities Financing Authority Revenue 1.940000%1.94%0.48%
San Jose California Multifamily Housing Revenue 2.000000%2.34%0.47%
Contra Costa County CA Multifamily Housing Revenue 1.930000%2.27%0.47%
California Housing Finance Agency Limited Obligation Multifamily Housing Revenue 1.980000%2.32%0.44%
Public Finance Authority 2.100000%2.10%0.43%
San Diego Unified School District/CA 1.910000%2.25%0.41%
San Francisco California Bay Area Rapid Transit District Election 2016 Series D 1 Green 1.910000%2.25%0.41%
California GO 1.880000%1.88%0.40%
City & County of San Francisco, CA 1.950000%1.95%0.40%
California Statewide Communities Development Authority Special Tax Revenue 1.700000%1.70%0.39%
Sweetwater Union High School District GO TOB VRDO 1.980000%2.32%0.38%
PIMCO California Municipal Income Fund 2.080000%2.08%0.35%
California St Enterprise Development Authority Educational Facility Revenue 2.000000%2.00%0.35%
Long Beach Community College District 1.550000%1.55%0.33%
San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 1.800000%1.80%0.33%
California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (PIH Health Energy Projects) 1.880000%1.88%0.33%
California Statewide Communities Development Authority 2.000000%2.00%0.32%
JPMorgan Chase Putters /Drivers Trust 2.080000%2.08%0.31%
California Statewide Communities Development Authority 1.950000%1.95%0.31%
San Diego California Housing Authority Multifamily Housing Revenue Various Courthouse Commons Series F 2.000000%2.34%0.30%
California Health Facilities Financing Authority 2.080000%2.08%0.29%
San Mateo Union High School District 1.550000%1.55%0.29%
Rio Hondo CA Community College District GO 1.910000%1.91%0.28%
Los Angeles Unified School District, CA 1.890000%2.23%0.26%
California Municipal Finance Authority Multifamily Housing Revenue Oaks On Balboa Series A 1 1.980000%2.32%0.26%
California Municipal Finance Authority 2.000000%2.34%0.26%
Los Angeles Department of Airports Port, Airport & Marina Revenue 1.600000%1.60%0.24%
California Housing Finance Agency Local or Guaranteed Housing Revenue 1.550000%1.55%0.24%
California Educational Facilities Authority 1.890000%1.89%0.24%
California Municipal Finance Authority Multifamily Housing Revenue 615 Manhattan Series A 2.000000%2.34%0.24%
Murrieta Valley Unified School District GO 1.920000%1.92%0.23%
Regents of the University of California Medical Center Pooled Revenue 1.910000%1.91%0.23%
California Statewide Communities Development Authority 1.900000%1.90%0.23%
Charleston Educational Excellence Financing Corps. 2.080000%2.08%0.21%
California Municipal Finance Authority Multifamily Housing Revenue 1.930000%2.27%0.20%
California Municipal Finance Authority Revenue 1.950000%1.95%0.19%
San Francisco Unified School District GO 1.930000%2.27%0.19%
San Francisco California City and County Multifamily Housing Revenue Fnma Mbs Secured Sunnydale Hope 1.980000%2.32%0.18%
FHLMC Multifamily CRD Certificates 1.950000%1.95%0.17%
San Francisco City & County Public Utilities Commission Wastewater Revenue 1.880000%1.88%0.16%
City of Los Angeles Department of Airports Port, Airport & Marina Revenue 1.910000%1.91%0.16%
Chula Vista California Housing Authority Housing Heritage Town Center Apts A 1.980000%2.32%0.15%
Los Angeles Unified School District, CA 1.890000%1.89%0.15%
California St University Revenue Statewide Series A 1.900000%1.90%0.15%
City of Los Angeles Department of Airports Port, Airport & Marina Revenue 1.550000%1.55%0.14%
Pittsburg Public Financing Authority Intergovernamental Agreement Revenue 1.910000%2.20%0.14%
California GO 1.550000%1.55%0.13%
California GO 1.550000%1.55%0.13%
Irvine Facilities Financing Authority 1.940000%1.94%0.13%
California St University Revenue Statewide Series A 1.600000%1.60%0.13%
California St University Revenue Statewide Series A 1.600000%1.35%0.13%
California Health Facilities Financing Authority 2.080000%2.08%0.12%
Los Angeles CA Wastewater System Sewer Revenue 1.600000%1.35%0.12%
City of San Francisco CA Public Utilities Commission Water Revenue 1.880000%1.88%0.12%
California Educational Facilities Authority 1.890000%1.89%0.11%
Los Angeles Department of Airports Port, Airport & Marina Revenue 1.600000%1.60%0.11%
City & County of San Francisco, CA 1.800000%1.80%0.11%
San Luis Coastal Unified School District 1.550000%1.55%0.11%
California State University 1.550000%1.55%0.11%
Mount Sanitary Antonio California Community College District Election 2024 Series A 1.900000%1.90%0.11%
California Educational Facilities Authority Revenue University Southern California Series A 1.900000%1.90%0.11%
San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 1.950000%1.95%0.10%
San Diego County Regional Airport Authority 1.940000%1.94%0.09%
California St University Revenue Statewide Series A 1.900000%1.90%0.09%
University California Revenues General Series Cc 1.900000%1.90%0.08%
California St University Revenue Statewide Series A 1.900000%1.90%0.08%
Sacramento County California Housing Authority 1.950000%1.95%0.07%
Clovis Unified School District 1.890000%1.89%0.07%
San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 1.880000%1.88%0.07%
California State University 1.900000%1.90%0.07%
State of California 1.880000%1.88%0.07%
California Department of Water Resources Water Revenue 1.900000%1.90%0.07%
Los Angeles Department of Airports Port, Airport & Marina Revenue 1.600000%1.60%0.06%
City of Los Angeles Department of Airports 1.910000%1.91%0.06%
San Francisco City & County Public Utilities Commission Wastewater Revenue 1.890000%1.89%0.06%
State of California 1.910000%1.91%0.06%
City of Los Angeles Department of Airports Port, Airport & Marina Revenue 1.910000%1.91%0.06%
Washington Township Health Care District 1.910000%1.91%0.05%
State of California 1.910000%1.91%0.05%
California State University 1.900000%1.90%0.05%
Los Angeles California Department Airports Airport Revenue Refunding AMT Subordinated Los Angeles International 1.930000%1.93%0.05%
San Francisco Bay Area Rapid Transit District 1.910000%1.91%0.05%
University of California College & University Revenue (Limited Project) 1.950000%1.95%0.05%
Port of Los Angeles 1.890000%1.89%0.04%
City & County of San Francisco, CA 1.920000%1.92%0.04%
City of Los Angeles Department of Airports 1.910000%1.91%0.04%
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 1.890000%1.89%0.04%
Encinitas CA Union School District GO TOB 1.550000%1.55%0.04%
Los Angeles California Department Airports Airport Revenue Refunding AMT Subordinated Los Angeles International 1.930000%1.93%0.04%
California Educational Facilities Authority 2.000000%2.00%0.04%
State of California 1.890000%1.89%0.03%
San Diego Unified School District 1.890000%1.89%0.02%
Ventura Unified School District 1.880000%1.88%0.02%
East Bay Municipal Utility District Water System Water Revenue 1.600000%1.60%0.02%
Ventura Unified School District GO 1.950000%1.95%0.02%
California Statewide Communities Development Authority 2.350000%2.40%0.96%
City of Los Angeles Department of Airports 2.380000%2.13%0.95%
Municipal Improvement Corp. of Los Angeles 2.300000%1.95%0.76%
State of California 2.270000%2.27%0.58%
San Diego County Water Authority 2.320000%2.32%0.53%
California Statewide Communities Development Authority 2.460000%1.86%0.50%
University of California 2.400000%2.25%0.48%
California Statewide Communities Development Authority 2.350000%2.30%0.48%
California Statewide Communities Development Authority 2.600000%2.10%0.45%
California Statewide Communities Development Authority 2.600000%2.15%0.45%
California Statewide Communities Development Authority 2.620000%2.37%0.42%
University of California 2.350000%2.15%0.40%
University of California 2.400000%2.25%0.40%
State of California Department of Water Resources 2.330000%2.28%0.40%
University of California 2.400000%2.40%0.40%
California Statewide Communities Development Authority 2.460000%1.86%0.37%
California Statewide Communities Development Authority 2.550000%1.90%0.36%
University of California 2.350000%2.35%0.33%
University of California 2.600000%2.10%0.32%
Municipal Improvement Corp. of Los Angeles 2.300000%1.95%0.31%
University of California 2.400000%2.05%0.27%
University of California 2.330000%2.33%0.27%
Los Angeles County Capital Asset Leasing Corp. 2.300000%2.30%0.25%
Municipal Improvement Corp. of Los Angeles 2.300000%1.95%0.21%
California Statewide Communities Development Authority 2.600000%2.10%0.21%
California Statewide Communities Development Authority 2.350000%2.25%0.19%
City of Los Angeles Department of Airports 2.300000%1.95%0.18%
Municipal Improvement Corp. of Los Angeles 2.300000%1.95%0.17%
California Statewide Communities Development Authority 2.600000%1.95%0.14%
State of California 2.250000%2.05%0.13%
State of California 2.320000%2.32%0.13%
State of California 2.320000%2.32%0.13%
University of California 2.350000%2.35%0.13%
State of California 2.230000%2.23%0.12%
State of California Department of Water Resources 2.330000%2.18%0.11%
California Statewide Communities Development Authority 2.350000%2.25%0.10%
California Statewide Communities Development Authority 2.460000%1.86%0.08%
University of California 2.600000%2.35%0.08%
Los Angeles County Metropolitan Transportation Authority 2.250000%2.25%0.07%
City of Los Angeles, CA 5.000000%2.14%0.71%
California Infrastructure & Economic Development Bank 3.500000%3.05%0.53%
California School Cash Reserve Program Authority 5.000000%2.11%0.50%
California Housing Finance Agency 2.950000%2.51%0.21%
Riverside County Public Financing Authority 5.000000%1.95%0.07%
County of Los Angeles, CA 5.000000%2.00%0.01%