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VTCLX Vanguard Tax-Managed Capital App Adm

  • Fund
  • VTCLX
  • Price as of: Dec 01, 2016
  • $112.14
  • - $0.40
  • - 0.36%
  • Category
  • Large Cap Blend Equities

VTCLX - Profile

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 13.5%
  • Net Assets $6.95 B
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$112.14
$92.18
$113.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.11%

SALES FEES

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

BROKERAGE FEES

  • Turnover 10.00%

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 9.6%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
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 8.1% -82.7% 186.5% 31.13% 2
1 Yr 4.0% -51.7% 28.0% 29.94% 2
3 Yr 8.5% * -14.4% 16.9% 13.33% 1
5 Yr 13.5% * -1.0% 19.4% 10.59% 1
10 Yr 6.9% * -0.2% 10.3% 13.38% 1

* Annualized


Return Ranking - Calendar

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -46.9% 5.7% 6.16% 1
2014 10.8% -51.7% 19.5% 18.94% 2
2013 31.7% -88.0% 41.8% 19.67% 2
2012 14.1% -100.0% 42.8% 27.60% 2
2011 -0.3% -27.1% 13.3% 25.86% 2

Total Return Ranking - Trailing

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.6% -82.7% 190.8% 21.83% 2
1 Yr 4.0% -52.5% 142.7% 26.08% 2
3 Yr 8.5% * -5.6% 57.6% 12.99% 1
5 Yr 13.5% * -1.0% 19.4% 9.39% 1
10 Yr 6.9% * -0.2% 10.3% 12.10% 1

* Annualized


Total Return Ranking - Calendar

Period VTCLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.7% -40.3% 13.0% 14.73% 1
2014 13.2% -24.8% 54.2% 46.56% 3
2013 36.9% -93.4% 1119.1% 59.85% 3
2012 16.6% -100.0% 282.8% 71.40% 4
2011 1.6% -43.5% 45.5% 32.15% 2

NAV & Total Return History

VTCLX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

VTCLX Category Low Category High VTCLX % Rank Quintile
Net Assets 6.95 B 9.87 K 463 B 2.66% 1
Number of Holdings 953 1 3780 2.09% 1
Net Assets in Top 10 1.11 B 13.1 K 69.4 B 4.60% 1
Weighting of Top 10 16.0% 2.2% 297.1% 31.87% 5

Top 10 Holdings

  1. Apple Inc 3.01%
  2. Exxon Mobil Corp 1.68%
  3. Microsoft Corp 2.14%
  4. Johnson & Johnson 1.50%
  5. Berkshire Hathaway Inc B 1.32%
  6. Facebook Inc A 1.40%
  7. Amazon.com Inc 1.48%
  8. General Electric Co 1.19%
  9. Alphabet Inc A 1.15%
  10. Alphabet Inc C 1.15%

Asset Allocation

Weighting Category Low Category High VTCLX % Rank Quintile
Stocks
99.75% 0.00% 118.62% 2.44% 1
Cash
0.25% -103.42% 132.07% 23.60% 4
Other
0.00% -81.75% 100.00% 10.86% 3
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 1
Preferred Stocks
0.00% 0.00% 90.60% 3.53% 2
Bonds
0.00% -13.88% 103.49% 7.25% 2

Stock Sector Breakdown

Weighting Category Low Category High VTCLX % Rank Quintile
Technology
18.64% 0.00% 63.16% 10.89% 2
Financial Services
14.60% 0.00% 46.84% 14.64% 3
Healthcare
13.66% 0.00% 30.94% 15.79% 3
Consumer Cyclical
12.05% 0.00% 47.61% 10.53% 2
Industrials
11.05% 0.00% 48.43% 13.19% 2
Consumer Defense
9.22% 0.00% 48.03% 12.76% 3
Energy
7.05% -3.67% 22.58% 10.74% 2
Communication Services
4.01% -3.08% 17.25% 8.94% 2
Real Estate
3.26% -0.11% 12.73% 6.49% 2
Utilities
3.20% -3.74% 25.88% 8.00% 2
Basic Materials
3.00% 0.00% 23.55% 11.39% 3

Stock Geographic Breakdown

Weighting Category Low Category High VTCLX % Rank Quintile
US
99.46% 0.00% 118.15% 2.01% 1
Non US
0.29% -0.64% 94.30% 22.95% 5

VTCLX - Expenses

Operational Fees

VTCLX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.11% 0.02% 303.36% 21.50% 1
Management Fee 0.10% 0.00% 2.25% 6.39% 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 10.00% 0.00% 1754.00% 15.17% 1

VTCLX - Distributions

Dividend Yield Analysis

VTCLX Category Low Category High VTCLX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.20% 79.35% 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 1.69% -2.05% 3.95% 6.20% 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

0.56

Tenure Rank

12.4%

Donald M. Butler, CFA, Principal of Vanguard. He has been with Vanguard since 1992; has managed investment portfolios since 1997; and has co-managed the Fund since 2009. Education: B.S.B.A., Shippensburg University.


William A. Coleman

Manager

Start Date

Apr 08, 2016

Tenure

0.56

Tenure Rank

12.4%

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

81.0

Category Average

6.06

Category Mode

4.8