Vanguard California Tax-Free Funds. Holdings as of May 31, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| University of CaliforniaBond | 0.49% | $12.91M | 10,985,000 |
| Bay Area Toll AuthorityBond | 0.41% | $10.81M | 9,535,000 |
| Los Angeles Unified School District/CABond | 0.28% | $7.30M | 6,310,000 |
| Los Angeles Unified School District/CABond | 0.25% | $6.73M | 5,880,000 |
| San Francisco City & County Airport Comm-San Francisco International AirportBond | 0.24% | $6.30M | 6,300,000 |
| Los Angeles Unified School District/CABond | 0.24% | $6.29M | 5,555,000 |
| University of CaliforniaBond | 0.22% | $5.91M | 5,240,000 |
| Los Angeles Department of Water & PowerBond | 0.22% | $5.83M | 5,640,000 |
| California Educational Facilities AuthorityBond | 0.22% | $5.80M | 5,115,000 |
| State of CaliforniaBond | 0.21% | $5.54M | 5,370,000 |
| Foothill-Eastern Transportation Corridor AgencyBond | 0.21% | $5.43M | 5,595,000 |
| University of CaliforniaBond | 0.20% | $5.40M | 5,400,000 |
| State of CaliforniaBond | 0.20% | $5.36M | 4,860,000 |
| University of CaliforniaBond | 0.20% | $5.24M | 4,620,000 |
| California Educational Facilities AuthorityBond | 0.20% | $5.23M | 4,960,000 |
| East County Advanced Water Purification Joint Powers AuthorityBond | 0.19% | $5.12M | 5,125,000 |
| University of CaliforniaBond | 0.19% | $5.03M | 4,605,000 |
| University of CaliforniaBond | 0.19% | $5.03M | 4,265,000 |
| San Francisco Unified School DistrictBond | 0.19% | $5.00M | 5,000,000 |
| Bay Area Toll AuthorityBond | 0.19% | $5.00M | 5,000,000 |
| University of CaliforniaBond | 0.19% | $4.97M | 4,325,000 |
| State of CaliforniaBond | 0.19% | $4.96M | 4,470,000 |
| Regents of the University of California Medical Center Pooled RevenueBond | 0.18% | $4.67M | 4,665,000 |
| State of CaliforniaBond | 0.17% | $4.51M | 4,285,000 |
| City of San Francisco CA Public Utilities Commission Water RevenueBond | 0.16% | $4.31M | 4,305,000 |
| San Mateo County Transit District Sales Tax RevenueBond | 0.16% | $4.23M | 4,225,000 |
| University of CaliforniaBond | 0.16% | $4.14M | 3,925,000 |
| Bay Area Toll AuthorityBond | 0.16% | $4.11M | 4,095,000 |
| Los Angeles Department of Water & PowerBond | 0.15% | $4.09M | 3,820,000 |
| Los Angeles Unified School District/CABond | 0.15% | $4.07M | 3,780,000 |
| University of CaliforniaBond | 0.15% | $4.05M | 3,340,000 |
| State of CaliforniaBond | 0.15% | $4.04M | 3,825,000 |
| State of CaliforniaBond | 0.15% | $4.03M | 3,610,000 |
| California State Public Works BoardBond | 0.15% | $4.02M | 4,000,000 |
| California Municipal Finance AuthorityBond | 0.15% | $3.97M | 3,855,000 |
| California Educational Facilities AuthorityBond | 0.15% | $3.87M | 3,280,000 |
| Bay Area Toll AuthorityBond | 0.14% | $3.80M | 3,795,000 |
| State of CaliforniaBond | 0.14% | $3.78M | 3,355,000 |
| San Francisco City & County Airport Comm-San Francisco International AirportBond | 0.14% | $3.75M | 3,715,000 |
| Los Angeles Unified School District/CABond | 0.14% | $3.70M | 3,685,000 |
| Bay Area Toll AuthorityBond | 0.14% | $3.70M | 3,700,000 |
| San Francisco Bay Area Rapid Transit DistrictBond | 0.14% | $3.67M | 3,715,000 |
| San Francisco City & County Public Utilities Commission Wastewater RevenueBond | 0.14% | $3.62M | 3,490,000 |
| Anaheim Public Financing AuthorityBond | 0.13% | $3.57M | 4,020,000 |
| University of CaliforniaBond | 0.13% | $3.56M | 3,115,000 |
| University of CaliforniaBond | 0.13% | $3.55M | 3,250,000 |
| Los Angeles Unified School District/CABond | 0.13% | $3.53M | 3,425,000 |
| Los Angeles Department of Water & PowerBond | 0.13% | $3.48M | 3,320,000 |
| University of CaliforniaBond | 0.13% | $3.48M | 3,340,000 |
| Los Angeles Unified School District/CABond | 0.13% | $3.47M | 3,460,000 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.