VLCAX Mutual Fund — Vanguard Large Cap Index Fund Admiral Shares

Vanguard Large Cap Index Fund Admiral Shares (VLCAX)

VLCAX is a Mutual Fund. As of August 17, 2026, its distribution rate is 1.07%, its trailing-12-month yield is 0.97%, its expense ratio is 0.44%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 991.3% over the past 22.5 years, 58.0 points ahead of SPY at 933.3%.

At the current 1.07% distribution rate, a $10,000 investment would generate approximately $107 per year, or $8.92 per month on an equivalent basis. Actual quarterly payments vary.

Vanguard Large Cap Index Fund Admiral Shares is a passively managed mutual fund that tracks a broad index of large-capitalization U.S. companies, representing approximately the top 85% of the investable U.S. market. The fund has a modest current distribution rate and pays dividends quarterly, with a low expense ratio of 0.44%. It appeals to buy-and-hold investors seeking broad U.S. equity exposure with minimal costs.

VLCAX performance versus SPY

Data as of August 17, 2026.

Total return is 991.3% over the past 22.5 years, 58.0 points ahead of SPY at 933.3%. Its deepest 1-year drawdown was 9.2%.

VLCAX key facts

Data as of August 17, 2026.

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

1.07%

Issuer

Vanguard

Asset type

Mutual Fund

Asset class

Equity

Inception date

01/27/2004

Expense ratio

0.44%

Distribution rate

1.07%

Distribution frequency

Quarterly

Trailing yield

0.97%

Last close

$180.67

AUM

$74,034,670,000

Average volume

0.0

Last dividend

$0.4830

Ex-dividend date

06/26/2026

Payment date

06/29/2026

Beta

1.01

P/E ratio

28.2053

How Dividend Vision calculates yield and returns

Distribution rate (1.07%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.97%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. Figures below use Dividend Vision data as of August 17, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 17, 2026.

Primary sources: Vanguard; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VLCAX risks and drawbacks

VLCAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.2%.

Who may consider VLCAX — and who may not

VLCAX may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (VLCAX pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Vanguard.