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VTMSX Vanguard Tax-Managed Small Cap Adm

  • Fund
  • VTMSX
  • Price as of: Jun 23, 2017
  • $56.14
  • + $0.49
  • + 0.88%
  • Category
  • Small Cap Blend Equities

VTMSX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 8.0%
  • 5 Yr Annualized Return 14.5%
  • Net Assets $5.2 B
  • Holdings in Top 10 7.1%

52 WEEK LOW AND HIGH

$56.14
$44.23
$57.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 45.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

N/A

Investment Themes

CATEGORY

Small Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Blend

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 16.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.19%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Vanguard Tax Managed Small Cap Fund
  • Fund Family Name Vanguard
  • Inception Date Mar 25, 1999
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Donald M. Butler

Fund Description

The Vanguard Tax-Managed Small Cap Fund Admiral Shares (VTMSX) is an ultralow-cost, passively managed index fund that invests in small-cap stocks domiciled in the United States. VTMSX tracks the S&P SmallCap 600 Index and uses a full-replication strategy by owning all the stocks in the index. This gives investors exposure to over 603 different domestic small-caps. A broad range of sectors and industries are represented by the index.

As a fund covering small-cap stocks, VTMSX makes an ideal core position alongside large- and mid-cap U.S. equities. The fund is internally managed by Vanguard.

VTMSX - Performance

Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -72.0% 21.6% 59.07% 4
1 Yr 18.5% -34.4% 44.4% 22.50% 2
3 Yr 8.0% * -25.5% 11.9% 5.27% 1
5 Yr 14.5% * -12.1% 18.7% 2.62% 1
10 Yr 7.2% * -11.9% 11.0% 3.35% 1

* Annualized


Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 24.3% -49.6% 134.4% 4.80% 1
2015 -3.1% -59.6% 7.5% 5.79% 1
2014 5.2% -36.1% 39.3% 10.44% 1
2013 39.7% -8.1% 59.7% 8.91% 1
2012 14.3% -11.0% 30.8% 32.09% 2

Total Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -72.0% 21.6% 59.34% 4
1 Yr 18.8% -34.0% 191.4% 21.24% 2
3 Yr 9.1% * -15.3% 11.9% 5.70% 1
5 Yr 16.4% * 2.2% 27.6% 31.68% 2
10 Yr 8.6% * -1.0% 17.8% 18.22% 1

* Annualized


Total Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 25.3% -49.6% 134.4% 5.02% 1
2015 -1.9% -37.6% 7.5% 21.16% 2
2014 6.4% -16.1% 60.1% 34.38% 2
2013 43.5% -0.9% 156.4% 70.15% 4
2012 17.4% -12.9% 161.3% 73.66% 4

NAV & Total Return History

VTMSX - Holdings

Filings data as of: Apr 30, 2017

Concentration Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Net Assets 5.2 B 2.07 M 75.1 B 1.53% 1
Number of Holdings 604 2 3702 6.13% 1
Net Assets in Top 10 377 M 324 K 3.11 B 4.21% 1
Weighting of Top 10 7.1% 2.6% 180.9% 30.46% 5

Top 10 Holdings

  1. Vanguard REIT ETF 2.79%
  2. The Medicines Co 0.49%
  3. Blackbaud Inc 0.52%
  4. MKS Instruments Inc 0.55%
  5. Home BancShares Inc 0.43%
  6. Medidata Solutions Inc 0.49%
  7. ALLETE Inc 0.46%
  8. Healthcare Services Group Inc 0.45%
  9. ProAssurance Corp 0.45%
  10. Chemed Corp 0.44%

Asset Allocation

Weighting Category Low Category High VTMSX % Rank Quintile
Stocks
99.08% 49.57% 102.21% 4.60% 1
Cash
0.93% -40.35% 50.36% 27.59% 5
Preferred Stocks
0.00% 0.00% 6.66% 2.49% 1
Other
0.00% -4.22% 7.43% 9.20% 2
Convertible Bonds
0.00% 0.00% 0.63% 1.15% 1
Bonds
0.00% -0.15% 41.97% 4.98% 2

Stock Sector Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
Industrials
17.26% 0.13% 48.00% 13.22% 2
Financial Services
16.80% 0.00% 31.01% 18.77% 3
Technology
15.58% 0.00% 44.41% 18.20% 3
Consumer Cyclical
14.93% 0.00% 38.86% 10.92% 2
Healthcare
10.27% 0.00% 21.51% 16.86% 3
Basic Materials
8.26% 0.00% 23.23% 6.51% 1
Real Estate
6.18% 0.00% 38.38% 17.43% 3
Consumer Defense
3.63% 0.00% 22.01% 16.28% 3
Utilities
2.63% 0.00% 22.37% 13.03% 3
Energy
2.31% 0.00% 19.43% 22.22% 4
Communication Services
1.23% 0.00% 10.59% 8.24% 2

Stock Geographic Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
US
98.63% 0.73% 102.21% 2.49% 1
Non US
0.45% 0.00% 92.46% 25.67% 4

VTMSX - Expenses

Operational Fees

VTMSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.09% 0.04% 10.03% 41.38% 1
Management Fee 0.08% 0.01% 1.50% 11.69% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

VTMSX Fees (% of AUM) Category Low Category High VTMSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

VTMSX Fees (% of AUM) Category Low Category High VTMSX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VTMSX Fees (% of AUM) Category Low Category High VTMSX Rank Quintile
Turnover 45.00% 4.00% 778.00% 15.74% 2

VTMSX - Distributions

Dividend Yield Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.78% 3.97% 1

Dividend Distribution Analysis

VTMSX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Net Income Ratio 1.19% -2.42% 2.83% 7.47% 1

Capital Gain Distribution Analysis

VTMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VTMSX - Managers

Donald M. Butler

Manager

Start Date

Apr 08, 2016

Tenure

1.15

Tenure Rank

16.1%

Donald M. Butler, CFA, Principal of Vanguard. He has been with Vanguard since 1992; has managed investment portfolios since 1997; and has co-managed the Fund since 2009. Education: B.S.B.A., Shippensburg University.


William A. Coleman

Manager

Start Date

Apr 08, 2016

Tenure

1.15

Tenure Rank

16.1%

William Coleman, Portfolio Manager. He has worked in investment management since joining Vanguard in 2006. Education: B.S., King’s College; M.B.A., St. Joseph’s University.


Tenure Analysis

Category Low

0.0

Category High

25.8

Category Average

5.72

Category Mode

0.3