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Re: None

Saturday, 10/12/2013 10:30:07 AM

Saturday, October 12, 2013 10:30:07 AM

Post# of 654
I wasn't familiar with VTGLX either. It's been around since 1994. It's a super low turnover large cap fund that has "never paid out any capital gains in its history."

"The Fund seeks to provide a tax-efficient investment return consisting of a moderate level of current income and long-term capital growth. The Fund purchases stocks included in the Standard & Poor's 500 Index, an index that is dominated by dividend-paying stocks of the largest U.S. companies."

"Yellen seems to be keenly aware of tax considerations. For her taxable account, she put up to $5 million in Vanguard Tax-Managed Growth & Income (VTGLX). The fund aims to limit taxes while roughly tracking the S&P 500. The portfolio manager uses a range of techniques to avoid taxes. In one approach, he sells losing stocks to book losses that can be used to offset gains. Because of the tax maneuvers, the fund runs the risk of lagging the benchmark. But the goal is to outperform conventional S&P 500 funds on an after-tax basis."

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