Vanguard Tax-Managed Capital App I (VTCIX)

Fund Assets	30.25B
Expense Ratio	0.03%
Min. Investment	$5,000,000
Turnover	6.00%
Dividend (ttm)	1.82
Dividend Yield	0.94%
Dividend Growth	9.65%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 23, 2026

Previous Close	196.81
YTD Return	11.49%
1-Year Return	11.18%
5-Year Return	70.67%
52-Week Low	162.46
52-Week High	199.41
Beta (5Y)	1.03
Holdings	873
Inception Date	Feb 24, 1999

About VTCIX

This Vanguard offering is part of their collection of tax-advantaged investment products, granting shareholders exposure to companies of both medium and large market capitalizations within the United States. It employs an index-replication strategy, aiming to mirror its benchmark while strategically reducing investors' potential tax liability from capital gains and dividends by prioritizing index components that distribute lower dividends. A key risk associated with this fund is its allocation to mid-cap stocks, which inherently tend to experience greater price volatility compared to larger, more established companies. Individuals in higher tax brackets who possess a long-term investment horizon, typically five years or more, and a substantial tolerance for risk, may find this fund to be a valuable complement to a well-diversified portfolio. However, it's crucial to understand that the fund's objective of achieving tax efficiency is not guaranteed. Regarding 75% of its total assets, the fund is subject to specific limitations: it is prohibited from acquiring more than 10% of the outstanding voting shares of any single issuer, and it cannot invest more than 5% of its overall assets in the securities of any one issuer. These rules may be waived only when essential for aligning the fund's composition with its target index. Importantly, these restrictions do not extend to investments in obligations issued by the U.S. government or its various agencies and instrumentalities.

• Fund Family: Vanguard
• Category: Large Blend
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VTCIX
• Share Class: Institutional Shares
• Index: Russell 1000 TR USD

Performance

VTCIX had a total return of 11.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.98%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VTCLX	Admiral Shares	0.05%

Top 10 Holdings

36.20% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	7.63%
Apple Inc.	AAPL	6.86%
Microsoft Corporation	MSFT	5.39%
Amazon.com, Inc.	AMZN	3.43%
Alphabet Inc.	GOOGL	2.77%
Alphabet Inc.	GOOG	2.34%
Broadcom Inc.	AVGO	2.32%
Meta Platforms, Inc.	META	2.28%
Micron Technology, Inc.	MU	1.69%
Tesla, Inc.	TSLA	1.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 23, 2026	$0.4535	Sep 24, 2026
Jun 18, 2026	$0.4975	Jun 22, 2026
Mar 24, 2026	$0.4378	Mar 25, 2026
Dec 23, 2025	$0.432	Dec 24, 2025
Sep 24, 2025	$0.410	Sep 25, 2025
Jun 20, 2025	$0.4079	Jun 23, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 31, 2026

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