Vanguard Tax-Managed Capital Appreciation offers tax-efficient exposure to a diversified, low-turnover portfolio of large-cap U.S. stocks. Both of the fund’s share classes earn a Morningstar Analyst Rating of Gold.
Morningstar’s Fund Analysis VTCLX
Will VTCLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTCLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VTCLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VTCLX’s parent organization’s priorities and whether they’re in line with investors’ interests.