Vanguard Tax-Managed Small-Cap Fund Admiral Shares

Frequently Asked Questions About VTMSX

What does VTMSX invest in?

This particular offering, part of Vanguard's collection of tax-optimized investments, grants shareholders access to small-capitalization equities. It utilizes an index-tracking strategy to closely mirror its benchmark while simultaneously endeavoring to keep taxable capital gains to a minimum. A key risk factor for this fund arises from its singular focus on smaller companies, a sector of the market recognized for its inherent price fluctuations. This fund is primarily intended for individuals in higher tax brackets with an investment outlook of at least five years and a strong tolerance for risk, serving as a supplementary component within a broader, well-allocated portfolio. Nevertheless, it is crucial to understand that the fund's stated goal of tax efficiency may not always be met.

What is the expense ratio of VTMSX?

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

How big is VTMSX?

Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) manages $10.50B 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 VTMSX actively managed or an index fund?

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

When was VTMSX launched?

Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) launched in March 1999 and is managed by Vanguard.

How has VTMSX performed?

VTMSX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.