Vanguard tax-managed fund tracking error

From Bogleheads
Jump to navigation Jump to search

Tracking error

Vanguard tax-managed fund tracking error provides historical data for Vanguard's U.S. tax-managed funds. Tracking error is one means of measuring a manager performance against an appropriate market index. The tax-managed funds now encompass three mutual funds:

  • The Vanguard Tax-Managed Balanced Fund [1]
  • The Vanguard Tax-Managed Capital Appreciation Fund[2]
  • The Vanguard Tax-Managed Small Cap Fund[3]

A fourth fund, the Tax-Managed Growth & Income fund, was merged into the Vanguard 500 Index fund in 2014.[note 1]

On May 13, 2011 the funds eliminated investor share classes and transferred investor share class holdings to the lower cost admiral share class.


Table. Vanguard Tax-Managed Fund Tracking Errors [4]
Fund Data period Tracking error
life of fund
Historical admiral shares
2002 - 2010
Vanguard Tax-Managed Balanced Fund [note 2] 1995 onwards -0.20% n/a
Vanguard Tax-Managed Capital Appreciation Fund [note 3] 1995 onwards -0.06% 0.20%
Vanguard Tax-Managed Small Cap Fund [note 4] 2000 onwards 0.05% n/a

Notes

  1. On May 16, 2014 the Vanguard Tax-Managed Growth & Income Fund (VTGLX) was merged into the Vanguard 500 Index Fund (VFINX). This table documents historical data on the fund, which will drop out of the mutual fund data base. The fund offered investor shares from 1995 to 2011, when the fund transitioned to only offering admiral shares. The tracking error of the fund's investor's shares over this stretch was -0.01%.
    Summary Table
    Fund Life of fund
    (1995 -2013)
    Historical Admiral shares
    Vanguard Tax-Managed Growth & Income Fund -0.03% 0.01%
    Vanguard Tax-Managed Growth & Income Fund
    (View Google Spreadsheet in browser, then File --> Download as to download the file.)

    Note: If the spreadsheet is blank, select a different sheet, then back to that sheet. The image will be refreshed.

  2. Table
    Vanguard Tax-Managed Balanced Fund
    (View Google Spreadsheet in browser, then File --> Download as to download the file.)

    Note: If the spreadsheet is blank, select a different sheet, then back to that sheet. The image will be refreshed.

  3. Table
    Vanguard Tax-Managed Capital Appreciation Fund
    (View Google Spreadsheet in browser, then File --> Download as to download the file.)

    Note: If the spreadsheet is blank, select a different sheet, then back to that sheet. The image will be refreshed.

  4. Table
    Vanguard Tax-Managed Small Cap Fund
    (View Google Spreadsheet in browser, then File --> Download as to download the file.)

    Note: If the spreadsheet is blank, select a different sheet, then back to that sheet. The image will be refreshed.

References