Vanguard Tax-Managed Capital Appreciation offers diversified, low-turnover exposure to the largest U.S. stock market in a tax-efficient portfolio. Paired with a competitive expense ratio, the strategy has a durable performance edge over its Morningstar Category peers, earning both share classes Morningstar Analyst Ratings of Gold.
Vanguard Tax-Managed Capital App Adm VTCLX
NAV / 1-Day Return
238.22
/
0.36
%
Total Assets
16.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.090%
Expense Ratio
0.090%
Fee Level
Low
Longest Manager Tenure
5.54
years
Category
Large Blend
Investment Style
Large BlendMin. Initial Investment
10,000
Status
Open
TTM Yield
1.13%
Turnover
6%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VTCLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of VTCLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Tax-efficient exposure to U.S. large-cap stocks.
