Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX)
| Fund Assets | 30.01B |
| Expense Ratio | 0.05% |
| Min. Investment | $10,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 3.30 |
| Dividend Yield | 0.86% |
| Dividend Growth | 2.81% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 24, 2026 |
| Previous Close | 381.83 |
| YTD Return | 9.74% |
| 1-Year Return | 26.20% |
| 5-Year Return | 83.21% |
| 52-Week Low | 306.65 |
| 52-Week High | 390.47 |
| Beta (5Y) | n/a |
| Holdings | 839 |
| 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.
Performance
VTCLX had a total return of 26.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.14%.
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
36.18% 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 |
|---|---|---|
| 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 |
| Mar 25, 2025 | $0.8453 | Mar 26, 2025 |
| Dec 30, 2024 | $0.8056 | Dec 31, 2024 |