# Vanguard Large-Cap Index Fund Admiral Shares (VLCAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vlcax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Large Cap Equity - Strategy: Thematic · Inception: 2004-02-02 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. Stri... ## Key Facts | Metric | Value | |---|---| | Price | $177.72 | | Expense Ratio | 0.05% | | Assets Under Management | $76.00B | | NAV | $176.87 | | Holdings Count | 478 | | Distribution Yield (TTM) | 1.01% | | Annual Distribution (TTM) | $1.79 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $146.61 – $181.55 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.4456 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### 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 $76.00B 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. ### Does VLCAX pay a dividend? Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) currently distributes little or no income. Trailing-twelve-month yield is 1.01%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VLCAX pay dividends? Vanguard Large-Cap Index Fund Admiral Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VLCAX's dividend yield? VLCAX's trailing-twelve-month yield is 1.01%, calculated from the sum of dividends over the past year divided by the current price. ### When is VLCAX's next ex-dividend date? The most recently announced ex-dividend date for VLCAX was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will VLCAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VLCAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VLCAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VLCAX cost more than a fund like VOO? VLCAX's strategy (current expense ratio 0.05%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VLCAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VLCAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VLCAX (0.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vlcax - Distribution history: https://www.dividenddata.com/funds/vlcax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vlcax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vlcax/expenses - Peer comparison: https://www.dividenddata.com/funds/vlcax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.