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VTCLX Vanguard Tax-Managed Capital App Adm

  • Fund
  • VTCLX
  • Price as of: Dec 15, 2017
  • $137.81
  • + $1.23
  • + 0.90%
  • Category
  • Large Cap Blend Equities

VTCLX - Profile

Vitals

  • YTD Return 20.8%
  • 3 Yr Annualized Return 11.2%
  • 5 Yr Annualized Return 16.0%
  • Net Assets $9.06 B
  • Holdings in Top 10 17.8%

52 WEEK LOW AND HIGH

$137.81
$114.08
$137.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

N/A

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 20.8%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 16.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Vanguard Tax-Managed Capital Appreciation Fund
  • Fund Family Name Vanguard
  • Inception Date Nov 12, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Donald M. Butler

Fund Description

The fund purchases stocks that pay lower dividends and are included in the Russell 1000 Index-an index that is made up of the stocks of large- and mid-capitalization U.S. companies. It uses statistical methods to "sample" the index, aiming to minimize taxable dividends while approximating the other characteristics of the index. The expected result is a portfolio that will loosely track the total return performance of the index, but with lower taxable income distributions.

VTCLX - Performance

Return Ranking - Trailing

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.8% -92.6% 38.4% 11.75% 1
1 Yr 23.4% -51.7% 38.4% 12.37% 1
3 Yr 11.2% * -14.4% 14.9% 6.35% 1
5 Yr 16.0% * -40.5% 17.8% 5.92% 1
10 Yr 8.6% * -6.7% 11.3% 8.30% 1

* Annualized


Return Ranking - Calendar

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 10.0% -37.7% 186.3% 12.61% 1
2015 -0.1% -46.9% 11.2% 8.08% 1
2014 10.8% -51.7% 38.1% 20.85% 2
2013 31.7% -88.0% 42.8% 19.63% 2
2012 14.1% -100.0% 25.9% 27.62% 2

Total Return Ranking - Trailing

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.8% -92.6% 38.4% 11.72% 1
1 Yr 23.4% -52.5% 142.7% 9.89% 1
3 Yr 11.2% * -6.4% 57.6% 5.87% 1
5 Yr 16.0% * -39.2% 26.3% 5.02% 1
10 Yr 8.6% * 0.4% 26.5% 7.57% 1

* Annualized


Total Return Ranking - Calendar

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 11.4% -36.6% 190.6% 9.67% 1
2015 1.7% -40.3% 20.1% 17.05% 1
2014 13.2% -24.8% 100.1% 47.84% 3
2013 36.9% -93.4% 1119.1% 59.19% 3
2012 16.6% -100.0% 282.8% 70.87% 4

NAV & Total Return History

VTCLX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

VTCLX Category Low Category High VTCLX % Rank Quintile
Net Assets 9.06 B 9.87 K 635 B 2.66% 1
Number of Holdings 781 1 3780 2.66% 1
Net Assets in Top 10 1.56 B 13.1 K 104 B 4.24% 1
Weighting of Top 10 17.8% 2.3% 269.3% 31.44% 5

Top 10 Holdings

  1. Apple Inc 3.74%
  2. Exxon Mobil Corp 1.44%
  3. Microsoft Corp 2.50%
  4. Johnson & Johnson 1.53%
  5. Berkshire Hathaway Inc B 1.41%
  6. Facebook Inc A 1.63%
  7. Amazon.com Inc 1.70%
  8. JPMorgan Chase & Co 1.38%
  9. Alphabet Inc A 1.24%
  10. Alphabet Inc C 1.23%

Asset Allocation

Weighting Category Low Category High VTCLX % Rank Quintile
Stocks
99.95% 0.00% 153.03% 1.22% 1
Cash
0.05% -113.33% 132.07% 24.75% 5
Preferred Stocks
0.00% -0.40% 88.99% 4.75% 2
Other
0.00% -81.75% 100.00% 9.71% 2
Convertible Bonds
0.00% 0.00% 80.85% 2.09% 1
Bonds
0.00% -54.50% 111.13% 7.39% 2

Stock Sector Breakdown

Weighting Category Low Category High VTCLX % Rank Quintile
Technology
21.21% 0.00% 41.09% 8.72% 2
Financial Services
15.30% 0.00% 92.46% 18.75% 4
Healthcare
13.76% 0.00% 43.34% 14.64% 3
Consumer Cyclical
12.15% 0.00% 47.61% 10.24% 2
Industrials
12.04% 0.00% 34.84% 10.17% 2
Consumer Defense
7.51% 0.00% 47.38% 14.78% 3
Energy
5.56% -3.37% 23.05% 14.49% 3
Communication Services
3.40% -0.78% 19.06% 9.81% 3
Basic Materials
3.10% -0.88% 41.24% 12.40% 3
Utilities
3.03% -1.65% 32.10% 8.00% 2
Real Estate
2.90% -35.07% 11.80% 7.28% 2

Stock Geographic Breakdown

Weighting Category Low Category High VTCLX % Rank Quintile
US
98.93% 0.00% 103.08% 2.88% 1
Non US
1.02% -1.33% 88.04% 21.80% 4

VTCLX - Expenses

Operational Fees

VTCLX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.09% 0.02% 303.36% 22.13% 1
Management Fee 0.08% 0.00% 2.25% 6.89% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

VTCLX Fees (% of AUM) Category Low Category High VTCLX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

VTCLX Fees (% of AUM) Category Low Category High VTCLX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VTCLX Fees (% of AUM) Category Low Category High VTCLX Rank Quintile
Turnover 8.00% 0.00% 1754.00% 15.45% 1

VTCLX - Distributions

Dividend Yield Analysis

VTCLX Category Low Category High VTCLX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.20% 78.99% 5

Dividend Distribution Analysis

VTCLX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VTCLX Category Low Category High VTCLX % Rank Quintile
Net Income Ratio 1.89% -1.94% 3.70% 4.90% 1

Capital Gain Distribution Analysis

VTCLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VTCLX - Managers

Donald M. Butler

Manager

Start Date

Apr 08, 2016

Tenure

1.65

Tenure Rank

11.7%

Donald M. Butler, CFA, Principal of Vanguard. He has been with Vanguard since 1992; has managed investment portfolios since 1997. Education: B.S.B.A., Shippensburg University.


William A. Coleman

Manager

Start Date

Apr 08, 2016

Tenure

1.65

Tenure Rank

11.7%

William Coleman, Portfolio Manager. He has worked in investment management since joining Vanguard in 2006. Education: B.S., King’s College; M.B.A., St. Joseph’s University.


Tenure Analysis

Category Low

0.0

Category High

82.0

Category Average

6.2

Category Mode

0.7