Vanguard Tax-Managed Capital App Adm (VTCLX)

Fund Assets	30.25B
Expense Ratio	0.052%
Min. Investment	$10,000
Turnover	6.00%
Dividend (ttm)	3.58
Dividend Yield	0.92%
Dividend Growth	10.06%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 23, 2026

Previous Close	396.12
YTD Return	11.48%
1-Year Return	11.16%
5-Year Return	70.44%
52-Week Low	327.00
52-Week High	401.36
Beta (5Y)	1.03
Holdings	873
Inception Date	Sep 6, 1994

About VTCLX

This offering from Vanguard's suite of tax-optimized funds provides investors with exposure to U.S. equities, specifically targeting mid- and large-capitalization companies. It employs an index-replication strategy, striving to mirror its benchmark while actively seeking to suppress taxable capital gains and dividend payouts by selectively acquiring lower-dividend-paying stocks within the index. A notable risk for investors is the fund's allocation to mid-cap stocks, a segment typically prone to higher volatility than large-capitalization securities. This fund is generally suited for sophisticated investors in elevated tax brackets who possess a long-term investment horizon of at least five years and a robust appetite for risk, serving as a potential enhancement to a diversified investment strategy. However, it is crucial to recognize that the fund might not always achieve its intended tax-efficiency objective. Furthermore, specific investment limitations apply to three-quarters of its assets: it cannot acquire over 10% of any single issuer's outstanding voting shares, nor can more than 5% of the fund's total assets be allocated to one issuer's securities. These restrictions are waived if necessary to accurately track its target index and do not apply to investments in U.S. government debt instruments.

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

Performance

VTCLX had a total return of 11.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.06%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VTCIX	Institutional Shares	0.03%

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	$0.8928	Sep 24, 2026
Jun 18, 2026	$0.9819	Jun 22, 2026
Mar 24, 2026	$0.8594	Mar 25, 2026
Dec 23, 2025	$0.8433	Dec 24, 2025
Sep 24, 2025	$0.7995	Sep 25, 2025
Jun 20, 2025	$0.7999	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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