Key Highlights

  • The fund holds 19 companies targeting about 70% of Australian market capitalisation, with the top ten at 86.13%.
  • BHP (21.54%) and Commonwealth Bank (17.13%) together make up almost 39% of the fund.
  • The management fee is 0.20% and the fund size is $305.75 million.
  • The October 2026 distribution of $1.308 is higher than each of the four earlier quarterly amounts.

Vanguard MSCI Australian Large Companies Index ETF (ASX:VLC) tracks the MSCI Australia Large Cap Index, which targets coverage of around 70% of the free float-adjusted market capitalisation of the Australian share market. The fund was admitted to the ASX on 26 May 2011 and last traded at $89.27 on 13 October 2026. It reports a fund size of $305.75 million.

Detail

Information

Ticker

ASX:VLC

Fund

Vanguard MSCI Australian Large Companies Index ETF

Category

Equity Australia Large Blend

Benchmark

MSCI Australia Large cap GR USD

Fund size

$305.75 million

Management fee

0.20%

Total holdings

19

ASX admission date

26 May 2011

Concentration

The ten largest positions represent 86.13% of the fund. BHP Group leads at 21.54%, followed by Commonwealth Bank of Australia (17.13%), National Australia Bank (7.71%), Westpac (7.56%) and ANZ Group (7.18%).

Macquarie Group holds 5.84%, Wesfarmers 5.77%, CSL 5.26%, Rio Tinto 4.16% and Woodside Energy 3.94%. Reported turnover is 4.73%.

Sector and country mix

Financial Services holds 45.53%, against 30.14% for the category, and Basic Materials 27.60%. Consumer Cyclical holds 7.89%, Healthcare 5.27% and Energy 3.95%. Industrials holds 2.86%, well below the 6.93% category weighting. The fund has no Technology or Utilities weighting.

Australia accounts for 100% of the fund, and every holding exceeds $1 billion in market capitalisation.

Fee, risk and distributions

The management fee is 0.20% a year. The fund reports a beta of 1.16 and a standard deviation of 13.32. The interim distribution of $1.308 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October, equal to an annual yield of 3.37%.

That is higher than the $0.266 paid in July, $0.796 in April, $0.633 in January and $1.133 in October 2025.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Large Blend category, which covers funds investing primarily in large Australian companies, defined as stocks in the top 70% of the Australian equity market by capitalisation, with the blend style applied where neither growth nor value characteristics dominate.

Liquidity indicators add a further view. There are 3,438,867 units on issue, and average daily trading volume is 5,216 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 3,300 to 8,600 units, with 8,691 recorded on 13 October while the market was still open. The bid-offer range stood at $88.66 to $90.00, and the day range at $88.57 to $89.51. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

Vanguard lodged Outstanding Securities for September 2026 on 7 October, a Distribution Tax Estimate on 5 October, DRP and Final Distributions notices on 2 October, and an Updated Estimated Distribution on 1 October.

Final Takeaway

VLC covers only the largest ASX companies, so banks and miners dominate and technology and utilities are absent. The 0.20% fee is above the 0.04% to 0.07% charged on wider ASX index funds, and trading volume is light. These facts do not forecast outcomes.