Vanguard California Tax-Exempt Bond ETF (VTEC) is an exchange-traded fund in the Muni California Intermediate category. It has $2.84B in assets, an expense ratio of 0.06% and a 3.14% dividend yield. This index measures the performance of the investment-grade segment of the California municipal bond market as determined by the index provider, S&P Dow Jones Indices LLC. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in securities held in the index. It is non-diversified.