0001752724-22-027045.txt : 20220214 0001752724-22-027045.hdr.sgml : 20220214 20220214121805 ACCESSION NUMBER: 0001752724-22-027045 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211130 FILED AS OF DATE: 20220214 DATE AS OF CHANGE: 20220214 EFFECTIVENESS DATE: 20220214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD CALIFORNIA TAX-FREE FUNDS CENTRAL INDEX KEY: 0000783401 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-04474 FILM NUMBER: 22627978 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA TAX FREE FUNDS DATE OF NAME CHANGE: 20011121 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA TAX FREE FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA INSURED TAX FREE FUND DATE OF NAME CHANGE: 19870514 0000783401 S000002565 Vanguard California Municipal Money Market Fund C000007065 Investor Shares VCTXX 0000783401 S000002566 Vanguard California Intermediate-Term Tax-Exempt Fund C000007066 Investor Shares VCAIX C000007067 Admiral Shares VCADX 0000783401 S000002567 Vanguard California Long-Term Tax-Exempt Fund C000007068 Investor Shares VCITX C000007069 Admiral Shares VCLAX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000783401 XXXXXXXX 811-04474 true false false N-1A true VANGUARD CALIFORNIA TAX-FREE FUNDS 811-04474 0000783401 5493003MRTOC4OXRFJ87 100 VANGUARD BOULEVARD MALVERN 19355 US-PA US 6106691000 State Street Bank and Trust One Lincoln Street Boston 20111 617-662-3839 The accounts, books, and other documents required to be maintained by Registrant pursuant to section 31(a) of the Investment Company Act of 1940 and the Rules thereunder. N N N-1A 3 Y Deanna Mulligan N/A N David Thomas N/A N Emerson U. Fullwood N/A N Scott C. Malpass N/A N F. Joseph Loughrey N/A N Peter F. Volanakis N/A N Andre F. Perold N/A N Mark Loughridge N/A N Tara Bunch N/A N Mortimer J. Buckley 002167630 Y Amy Gutmann N/A N Sarah Bloom Raskin N/A N John E. Schadl 006931790 100 Vanguard Boulevard Malvern 19355 XXXXXX N N N N N N VANGUARD MARKETING CORP. 8-21570 000007452 N/A Y N PRICEWATERHOUSECOOPERS LLP 000000238 5493002GVO7EO8RNNS37 N N N N N N N VANGUARD CALIFORNIA LONG-TERM TAX-EXEMPT FUND S000002567 TTPRWWUT27UMTXO1J767 N 2 0 0 N/A Y N N N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) N N N N The Vanguard Group, Inc. 801-11953 000105958 5493002789CX3L0CJP65 N The Vanguard Group, Inc. 084-00772 5493002789CX3L0CJP65 Y N N Markit North America INC 13-4153988 TIN N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N Refinitiv US LLC 20-4530702 TIN N ITG Analytics Inc 41-2190282 TIN N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N Markit Group Limited 549300HLPTRASHS0E726 GB N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N The Vanguard Group, Inc. 5493002789CX3L0CJP65 Y N N STATE STREET BANK AND TRUST 571474TGEMMWANRLN572 N Y THE VANGUARD GROUP, INC. 5493002789CX3L0CJP65 Y N N Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 16773.00000000 16773.00000000 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 350560063.67000002 National Financial Services LLC 008-26740 000013041 549300JRHF1MHHWUAW04 211561649.00000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 315716874.13999999 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 246773895.21999979 Vanguard California Municipal Money Market Fund N/A N/A KX6XOFNHJ56U9G8DGO90 444167000.00000000 Morgan Stanley & Co. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 636154676.59999990 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 516596531.26999998 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 228898026.66000000 Citigroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 484184723.81000000 Vanguard California Intermediate-Term Tax-Exempt Fund N/A N/A K0U3O63XH6FE0TFSFF12 278690000.00000000 5168200053.56999955 N 5693052368.41000000 Committed 4300000000.00000000 N N N N VANGUARD CALIFORNIA INTERMEDIATE-TERM TAX-EXEMPT FUND S000002566 K0U3O63XH6FE0TFSFF12 N 2 0 0 N/A Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) N N N N The Vanguard Group, Inc. 801-11953 000105958 5493002789CX3L0CJP65 N The Vanguard Group, Inc. 084-00772 5493002789CX3L0CJP65 Y N N Markit Group Limited 549300HLPTRASHS0E726 GB N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N ITG Analytics Inc 41-2190282 TIN N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N Markit North America INC 13-4153988 TIN N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N Refinitiv US LLC 20-4530702 TIN N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N The Vanguard Group, Inc. 5493002789CX3L0CJP65 Y N N THE VANGUARD GROUP, INC. 5493002789CX3L0CJP65 Y N STATE STREET BANK AND TRUST 571474TGEMMWANRLN572 N Y N Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 37523.39999999 37523.39999999 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 817994017.70000005 National Financial Services LLC 008-26740 000013041 549300JRHF1MHHWUAW04 257752364.90000001 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 504256021.94999951 Wells Fargo Securities, LLC 008-22947 000007665 VYVVCKR63DVZZN70PB21 327016576.75000000 Morgan Stanley & Co. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 944107196.03000021 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 907571794.19000006 Citigroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 453317383.91000009 Vanguard California Long-Term Tax-Exempt Fund N/A N/A TTPRWWUT27UMTXO1J767 278690000.00000000 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 1100563539.00000000 Vanguard California Municipal Money Market Fund N/A N/A KX6XOFNHJ56U9G8DGO90 674440000.00000000 8317441354.45999976 N 18805686712.40583333 Committed 4300000000.00000000 N N N N VANGUARD CALIFORNIA MUNICIPAL MONEY MARKET FUND S000002565 KX6XOFNHJ56U9G8DGO90 N 1 0 0 Money Market Fund Y N N N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N The Vanguard Group, Inc. 801-11953 000105958 5493002789CX3L0CJP65 N The Vanguard Group, Inc. 084-00772 5493002789CX3L0CJP65 Y N N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N Markit North America INC 13-4153988 TIN N Markit Group Limited 549300HLPTRASHS0E726 GB N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N ITG Analytics Inc 41-2190282 TIN N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N Refinitiv US LLC 20-4530702 TIN N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N The Vanguard Group, Inc. 5493002789CX3L0CJP65 Y N N THE VANGUARD GROUP, INC. 5493002789CX3L0CJP65 Y N STATE STREET BANK AND TRUST 571474TGEMMWANRLN572 N Y N 0.00000000 U.S. Bancorp 008-35359 000017868 N1GZ7BBF3NP8GI976H15 1122234000.00000000 Vanguard California Long-Term Tax-Exempt Fund N/A N/A TTPRWWUT27UMTXO1J767 444167000.00000000 Vanguard Intermediate-Term Tax-Exempt Fund N/A N/A CR5L0XWH0W8A2XVN7S86 330385000.00000000 Vanguard California Intermediate-Term Tax-Exempt Fund N/A N/A K0U3O63XH6FE0TFSFF12 674440000.00000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 766991817.39999998 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 1033446232.50000000 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 450005000.00000000 RBC Capital Markets, LLC 008-45411 000031194 549300LCO2FLSSVFFR64 534337000.00000000 Vanguard Municipal Cash Management Fund N/A N/A 549300RWH3WKT24ASW12 321280000.00000000 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 795613000.00000000 8722802590.44999999 N 4216128100.76253968 Committed 4300000000.00000000 N N N true INTERNAL CONTROL RPT 2 californiafunds1.19.txt Report of Independent Registered Public Accounting Firm To the Board of Trustees of Vanguard California Tax-Free Funds and Shareholders of Vanguard California Intermediate-Term Tax-Exempt Fund Vanguard California Long-Term Tax-Exempt Fund and Vanguard California Municipal Money Market Fund In planning and performing our audits of the financial statements of Vanguard California Intermediate-Term Tax-Exempt Fund, Vanguard California Long-Term Tax-Exempt Fund and Vanguard California Municipal Money Market Fund (constituting Vanguard California Tax- Free Funds, hereafter collectively referred to as the "Funds") as of and for the year ended November 30, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of November 30, 2021. This report is intended solely for the information and use of the Board of Trustees of Vanguard California Tax-Free Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/PricewaterhouseCoopers LLP Philadelphia, Pennsylvania January 19, 2022 1