Vanguard Tax-Managed Balanced Fund Admiral Shares

Frequently Asked Questions About VTMFX

What does VTMFX invest in?

A Vanguard offering from its tax-managed investment series, this fund dedicates roughly 50% of its portfolio to U.S. stocks, focusing on mid- and large-cap companies, with the remaining balance invested in municipal bonds that are free from federal taxes. The equity portion utilizes an index-tracking strategy designed to replicate its benchmark while actively minimizing taxable dividend distributions. It is primarily intended for investors in higher tax brackets who are pursuing some capital appreciation and can tolerate the market fluctuations associated with both stock and bond investments. Please note: The fund's tax-efficiency goal may not always be met.

What is the expense ratio of VTMFX?

Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations.

What is VTMFX's dividend yield?

VTMFX's trailing-twelve-month yield is 2.21%, calculated from the sum of dividends over the past year divided by the current price.

How big is VTMFX?

Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) manages $12.30B 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 VTMFX actively managed or an index fund?

VTMFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VTMFX launched?

Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) launched in September 1994 and is managed by Vanguard.