Vanguard Tax-Managed Capital App I (VTCIX)
| Fund Assets | 30.01B |
| Expense Ratio | 0.03% |
| Min. Investment | $5,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.78 |
| Dividend Yield | 0.93% |
| Dividend Growth | 9.12% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 18, 2026 |
| Previous Close | 191.50 |
| YTD Return | 10.16% |
| 1-Year Return | 22.28% |
| 5-Year Return | 79.79% |
| 52-Week Low | 158.92 |
| 52-Week High | 194.01 |
| Beta (5Y) | 1.03 |
| Holdings | 839 |
| 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.
Performance
VTCIX had a total return of 22.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.04%.
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
36.18% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.14% |
| Apple Inc. | AAPL | 6.53% |
| Microsoft Corporation | MSFT | 4.81% |
| Amazon.com, Inc. | AMZN | 3.70% |
| Alphabet Inc. | GOOGL | 3.09% |
| Broadcom Inc. | AVGO | 2.95% |
| Alphabet Inc. | GOOG | 2.70% |
| Meta Platforms, Inc. | META | 2.00% |
| Tesla, Inc. | TSLA | 1.75% |
| Micron Technology, Inc. | MU | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 25, 2025 | $0.4306 | Mar 26, 2025 |