Summary
Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 869. The ten largest make up 36% of the fund.
- Yearly costs
- 0.05%
- Fund size
- $30.2B
- Positions
- 869
- Dividend yield
- 0.87%
- Running since
- 1994
What speaks for it
- Costs of 0.05% a year are below the middle of comparable funds (0.40%).
- A large fund with $30.2B under management.
- Average yearly growth over the last ten years: 14%.
- It has been running since 1994.
What to watch
- 100% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.0%
- 3 months
- -0.4%
- This year
- +12%
- 1 year
- +13%
- 3 years
- +76%
- 5 years
- +60%
- 10 years
- +272%
- Avg. market cap
- $2.40T
- P/E
- 24.6x
- Forward P/E
- 23.4x
- P/S
- 6.0x
- P/B
- 7.2x
- P/FCF
- 34.3x
- EV/EBITDA
- 18.5x
- Dividend yield
- 0.67%
- ROIC
- 29.2%
- ROE
- 58.8%
- Gross margin
- 59.4%
- Operating margin
- 35.4%
- Net margin
- 33.1%
- Payout ratio
- 16.4%
- Net debt/EBITDA
- 0.3x
- Beta
- 1.01
Weighted average of the 50 largest companies, which make up 60% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 NVNvidia NVDA 7.6%
- 2 AAApple AAPL 6.9%
- 3 MSMicrosoft MSFT 5.4%
- 4 AMAmazon AMZN 3.4%
- 5 GOAlphabet GOOGL 2.8%
- 6 GOAlphabet GOOG 2.3%
- 7 AVBroadcom AVGO 2.3%
- 8 MEMeta META 2.3%
- 9 MUMicron MU 1.7%
- 10 TSTesla TSLA 1.5%
Positions in the fund: 869. The ten largest make up 36% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One countryBy sector
- Technology 39%
- Financials 11%
- Communication services 9.6%
- Healthcare 9.5%
- Consumer cyclical 9.0%
- Other 22%
By country
- United States 100%
- Other countries 0.4%
By company size
- Mega cap 62%
- Large cap 35%
- Mid cap 2.6%
- Small cap 0.06%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (39%). Largest country: United States (100%). Largest size group: Mega cap (62%).
What does it cost me?
Cheap- A year from $10,000
- $5.00
- Over 20 years
- $252
From every $10,000 invested the fund takes $5.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $252.
How has it done?
Growing over the long run- A year on average, 10 years
- +14%
- Deepest drop
- -26%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 14%. Deepest drop in these years: 26% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.87%
- Payments a year
- 4
- Last payment
- $0.89
Over the last 12 months it paid $3.39 per share, which is 0.87% of today's price. The last payment was $0.89 on Sep 23, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 24.6
- Average Bulios Score
- 74 out of 100
Weight by Bulios Fair Price
- Undervalued 5.1%
- Fairly valued 3.3%
- Overvalued 92%
On average the companies inside trade for 24.6 times their yearly profit. By Fair Price, 92% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 60% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VO VONE Vanguard Russell 1000 ETF | United States | 0.06% | $12.0B | +13% | Pays out | 92% |
GX GXLC Global X - U.S. 500 ETF | United States | 0.02% | $4.64M | +13% | Pays out | 89% |
XY XYLD Global X - S&P 500 Covered Call ETF | United States | 0.60% | $3.35B | +4.2% | Pays out | 89% |
VO VOO Vanguard 500 Index Fund | United States | 0.03% | $1.67T | +13% | Pays out | 89% |
ON ONOF Global X - Adaptive U.S. Risk Management ETF | United States | 0.39% | $139.7M | +8.7% | Pays out | 89% |
VU VUAA.DE Vanguard S&P 500 UCITS ETF (USD) Accumulating | Ireland | 0.07% | $86.7B | +16% | Pays out | 89% |
