VTCLX Performance — Vanguard Tax-Managed Capital Appreciation Fund, Admiral Shares
Data updated: 2026-08-28
VTCLX returned +10.44% year to date and +22.44% over one year to Jun 2026. Annualised returns are +20.28% over 3 years and +12.65% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $174, against $157 for the category, and to $122 over one year, against $118. Volatility over the past three years was 13.15% a year. In the 12 months to Jun 2026 the fund lost a net $1.6M, and assets reached $29.88B.
VTCLX Growth of $100
What $100 invested in Vanguard Tax-Managed Capital Appreciation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | VTCLX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $122 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $174 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $181 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $279 | $229 |
VTCLX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.44% |
| 1 year | +22.44% |
| 3 years (annualised) | +20.28% |
| 5 years (annualised) | +12.65% |
VTCLX Annual Returns
Calendar-year total returns of Vanguard Tax-Managed Capital Appreciation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.44% |
| 2025 | +17.44% |
| 2024 | +23.76% |
| 2023 | +26.64% |
| 2022 | −19.06% |
| 2021 | +26.87% |
| 2020 | +21.07% |
| 2019 (Jul–Dec) | +10.43% |
VTCLX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | −0.5% | −5.0% | +10.0% | +4.9% | −0.3% | — | — | — | — | — | — |
| 2025 | +3.2% | −1.8% | −5.7% | −0.5% | +6.2% | +5.0% | +2.3% | +2.1% | +3.5% | +2.2% | +0.4% | 0.0% |
| 2024 | +1.4% | +5.4% | +3.2% | −4.4% | +4.7% | +3.2% | +1.3% | +2.3% | +2.0% | −0.9% | +6.5% | −2.8% |
| 2023 | +6.8% | −2.4% | +3.2% | +1.2% | +0.5% | +6.7% | +3.4% | −1.6% | −4.7% | −2.4% | +9.4% | +4.9% |
| 2022 | −5.8% | −2.7% | +3.3% | −8.9% | −0.1% | −8.3% | +9.5% | −4.0% | −9.2% | +8.0% | +5.5% | −5.9% |
| 2021 | −0.9% | +3.0% | +3.8% | +5.4% | +0.5% | +2.5% | +2.2% | +2.8% | −4.6% | +6.9% | −1.2% | +4.2% |
| 2020 | +0.2% | −8.0% | −13.1% | +13.1% | +5.4% | +2.1% | +5.9% | +7.4% | −3.8% | −2.5% | +11.8% | +4.3% |
| 2019 | — | — | — | — | — | — | +1.6% | −1.7% | +1.6% | +2.0% | +3.8% | +2.8% |
VTCLX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.15%
- 3-year Sharpe ratio: 1.20 (vs 4.5% risk-free rate)
- Best month: +10.02% (Apr 2026)
- Worst month: −5.72% (Mar 2025)
VTCLX Fund Flows
Monthly money in and out of Vanguard Tax-Managed Capital Appreciation Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.6M
- 12-month gross sales (incl. reinvestments): $2.1B
- Sales ÷ redemptions: 1.00×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $376.5M | $351.5M | $25.0M |
| May 2026 | $68.3M | $78.8M | −$10.5M |
| Apr 2026 | $77.3M | $94.8M | −$17.6M |
| Mar 2026 | $142.8M | $79.7M | $63.1M |
| Feb 2026 | $87.7M | $109.3M | −$21.7M |
| Jan 2026 | $108.8M | $117.5M | −$8.7M |
| Dec 2025 | $194.8M | $122.4M | $72.4M |
| Nov 2025 | $99.4M | $135.9M | −$36.5M |
| Oct 2025 | $324.8M | $354.1M | −$29.3M |
| Sep 2025 | $421.7M | $415.8M | $5.9M |
| Aug 2025 | $86.3M | $107.8M | −$21.5M |
| Jul 2025 | $81.0M | $103.2M | −$22.2M |
VTCLX Assets Under Management
Net assets of Vanguard Tax-Managed Capital Appreciation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $29.88B |
| 2026-03-31 | $26.03B |
| 2025-12-31 | $27.16B |
| 2025-09-30 | $26.54B |
| 2025-06-30 | $24.65B |
| 2025-03-31 | $22.30B |
| 2024-12-31 | $23.42B |
| 2024-09-30 | $22.86B |
| 2024-06-30 | $21.60B |
| 2024-03-31 | $20.90B |
| 2023-12-31 | $18.90B |
| 2023-09-30 | $16.89B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.