0001752724-23-021410.txt : 20230210 0001752724-23-021410.hdr.sgml : 20230210 20230210151635 ACCESSION NUMBER: 0001752724-23-021410 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230210 DATE AS OF CHANGE: 20230210 EFFECTIVENESS DATE: 20230210 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: 23611348 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 Mark Loughridge N/A N Deanna Mulligan N/A N Peter F. Volanakis N/A N Andre F. Perold N/A N F. Joseph Loughrey N/A N Tara Bunch N/A N Scott C. Malpass N/A N Sarah Bloom Raskin N/A N David Thomas N/A N Mortimer J. Buckley 002167630 Y Emerson U. Fullwood N/A N Jacqueline Angell 005606776 100 Vanguard Boulevard Malvern 19355 XXXXXX Y 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 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 18f-4(f)(17 CFR 270.18f-4(f)) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) N N N N The Vanguard Group, Inc. 801-11953 000105958 5493002789CX3L0CJP65 N The Vanguard Group, Inc. 084-00772 5493002789CX3L0CJP65 Y N N ITG Analytics Inc 41-2190282 TIN N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N Markit North America INC 13-4153988 TIN N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N Refinitiv US LLC 20-4530702 TIN 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 0.00000000 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 275709332.65000001 Citigroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 642254168.32999992 RBC Capital Markets, LLC 008-45411 000031194 549300LCO2FLSSVFFR64 203348906.10000000 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 869987398.31999988 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 570811603.84999999 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 982802211.05000011 Wells Fargo Securities, LLC 008-22947 000007665 VYVVCKR63DVZZN70PB21 520472324.71000001 UBS Securities LLC 008-22651 000007654 T6FIZBDPKLYJKFCRVK44 261241629.10000000 Morgan Stanley & Co. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 1137226657.25000000 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 405691386.91999999 7019519906.87999994 N 4806815425.79250000 Committed 4385000000.00000000 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 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 18f-4(f)(17 CFR 270.18f-4(f)) 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 ITG Analytics Inc 41-2190282 TIN N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N Refinitiv US LLC 20-4530702 TIN N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N Markit Group Limited 549300HLPTRASHS0E726 GB N Markit North America INC 13-4153988 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 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 1660567683.88999987 RBC Capital Markets, LLC 008-45411 000031194 549300LCO2FLSSVFFR64 295738355.84999998 UBS Securities LLC 008-22651 000007654 T6FIZBDPKLYJKFCRVK44 306326190.07999990 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 484115335.14999998 Morgan Stanley & Co. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 1379078621.67000043 National Financial Services LLC 008-26740 000013041 549300JRHF1MHHWUAW04 281767726.85000007 Wells Fargo Securities, LLC 008-22947 000007665 VYVVCKR63DVZZN70PB21 736431592.75000000 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 1510018482.57000007 Citigroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 723092171.99999994 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 1283178446.31999990 10108613583.63000004 N 16248569064.61666666 Committed 4385000000.00000000 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 Refinitiv US LLC 20-4530702 TIN N ITG Analytics Inc 41-2190282 TIN N JPMorgan Chase Bank 7H6GLXDRUGQFU57RNE97 N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N ICE Data Pricing and Reference Data LLC 13-36687789 TIN N Markit Group Limited 549300HLPTRASHS0E726 GB N Markit North America INC 13-4153988 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 Morgan Stanley & Co. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 371192194.44999999 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 686550000.00000000 BofA Securities, Inc. 008-69787 000283942 549300HN4UKV1E2R3U73 985978602.19999999 U.S. Bancorp 008-35359 000017868 N1GZ7BBF3NP8GI976H15 802198592.80000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 1031260229.49000000 RBC Capital Markets, LLC 008-45411 000031194 549300LCO2FLSSVFFR64 240446000.00000000 Barclays Capital Inc. 008-41342 000019714 AC28XWWI3WIBK2824319 808462677.28999999 Wells Fargo Securities, LLC 008-22947 000007665 VYVVCKR63DVZZN70PB21 402686658.00000000 The Toronto-Dominion Bank N/A N/A PT3QB789TSUIDF371261 CA 312120000.00000000 Citigroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 649613408.75000000 6738288362.97999997 N 3994899111.39837301 Committed 4385000000.00000000 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, 2022, 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, 2022. 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, 2023 1