- What does VLCAX invest in?
- This fund aims to deliver extensive, cost-efficient exposure to the large-capitalization market by allocating capital to U.S. equities that collectively represent the top 85% of domestic market value. Beyond the inherent volatility of the overall stock market, a key risk stems from its strategy of investing solely in substantial U.S. companies. This concentrated approach could potentially constrain its returns during periods when other market segments achieve superior growth. For long-term investors seeking to invest in prominent U.S. corporations, this fund could be a suitable option. Strict investment guidelines govern three-quarters of the fund's total assets. It is prohibited from acquiring more than 10% of any single issuer's outstanding voting shares, and no purchase should result in more than 5% of the fund's overall assets being allocated to one issuer's securities. These rules are waived only when essential for aligning the fund's composition with its target index. It's important to note that these restrictions do not extend to investments in U.S. government debt or its associated agencies.
- What is the expense ratio of VLCAX?
- Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VLCAX?
- Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) manages $73.80B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is VLCAX actively managed or an index fund?
- VLCAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was VLCAX launched?
- Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) launched in February 2004 and is managed by Vanguard.
- How has VLCAX performed?
- VLCAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
