[quote=ocrenter][quote=flu][quote=ocrenter]Would just buy the individual muni bonds, why buy the funds? What’s the rate?[/quote]

http://www.morningstar.com/funds/XNAS/VCAIX/quote.html%5B/quote%5D

Not bad, not bad at all[/quote]

Forgot to mention, it holds many ca bonds…. So it’s unlikely an individual can duplicate that sort of diversification. Maybe you can, but I sure can 🙂

Top holding include UC Regents bond, LA Unified, CA Dept of Water, Bay Area Toll Revenue, etc

https://personal.vanguard.com/us/funds/snapshot?FundId=0100&FundIntExt=INT#tab=2

holdings (many of the same bonds at different periods in time, but even so, pretty widespread)

https://personal.vanguard.com/us/FundsAllHoldings?FundId=0100&FundIntExt=INT&tableName=Bond&tableIndex=0&sort=marketValue&sortOrder=desc