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VTMSX Vanguard Tax-Managed Small Cap Adm

  • Fund
  • VTMSX
  • Price as of: Jan 18, 2019
  • $60.93
  • + $0.61
  • + 1.01%
  • Category
  • Small Cap Blend Equities

VTMSX - Profile

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return 9.1%
  • 5 Yr Annualized Return 6.3%
  • Net Assets $5.78 B
  • Holdings in Top 10 8.9%

52 WEEK LOW AND HIGH

$60.93
$52.30
$72.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.00%

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 9.4%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.17%
DIVIDENDS
  • Dividend Yield 0.8%
  • 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 9.4% -72.0% 21.6% 46.14% 3
1 Yr -8.6% -34.4% 34.8% 32.50% 2
3 Yr 9.1% * -8.6% 16.6% 11.73% 1
5 Yr 6.3% * -8.5% 16.0% 21.14% 2
10 Yr 13.5% * 2.2% 15.8% 8.21% 1

* Annualized


Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.6% -67.3% 22.0% 20.40% 2
2017 11.7% -43.8% 116.9% 15.46% 1
2016 24.3% -37.4% 134.4% 6.26% 1
2015 -3.1% -59.6% 40.8% 13.70% 1
2014 5.2% -35.4% 37.0% 25.23% 2

Total Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.4% -100.0% 21.6% 46.50% 3
1 Yr -8.6% -34.0% 34.8% 30.89% 2
3 Yr 9.1% * -10.4% 16.6% 9.88% 1
5 Yr 6.3% * -9.6% 16.0% 20.30% 2
10 Yr 13.5% * 2.2% 15.8% 7.44% 1

* Annualized


Total Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.6% -67.3% 23.0% 21.49% 2
2017 11.7% -26.8% 358.4% 15.94% 1
2016 25.3% -36.7% 134.4% 6.92% 1
2015 -1.9% -37.6% 95.3% 33.76% 2
2014 6.4% -12.9% 110.4% 46.47% 3

NAV & Total Return History

VTMSX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Net Assets 5.78 B 1.78 M 77.9 B 1.34% 1
Number of Holdings 602 11 4289 7.28% 1
Net Assets in Top 10 516 M 324 K 3.27 B 3.26% 1
Weighting of Top 10 8.9% 2.5% 332.2% 30.27% 4

Top 10 Holdings

  1. Vanguard Real Estate ETF 4.39%
  2. Trex Co Inc 0.52%
  3. Ingevity Corp 0.51%
  4. Green Dot Corp 0.56%
  5. First Financial Bankshares Inc 0.54%
  6. Amedisys Inc 0.50%
  7. FirstCash Inc 0.46%
  8. Spire Inc 0.51%
  9. Semtech Corp 0.46%
  10. Selective Insurance Group Inc 0.48%

Asset Allocation

Weighting Category Low Category High VTMSX % Rank Quintile
Stocks
99.86% 0.00% 101.37% 3.45% 1
Cash
0.13% -64.73% 62.67% 30.65% 5
Other
0.01% -11.35% 14.23% 8.62% 2
Bonds
0.01% 0.00% 90.22% 5.56% 1
Preferred Stocks
0.00% 0.00% 4.11% 2.30% 1
Convertible Bonds
0.00% 0.00% 1.26% 1.92% 1

Stock Sector Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
Financial Services
17.67% 0.00% 33.60% 13.44% 2
Industrials
17.07% 0.13% 54.02% 15.93% 2
Technology
15.80% 0.00% 41.52% 14.78% 2
Consumer Cyclical
14.23% 0.00% 38.21% 16.51% 3
Healthcare
10.18% 0.00% 24.64% 22.46% 4
Real Estate
7.40% 0.00% 38.25% 13.82% 2
Basic Materials
6.86% 0.00% 31.94% 10.36% 2
Consumer Defense
3.20% 0.00% 22.01% 19.96% 3
Energy
3.04% 0.00% 20.66% 19.77% 3
Utilities
2.52% 0.00% 22.37% 14.59% 3
Communication Services
1.87% -0.25% 10.80% 5.57% 1

Stock Geographic Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
US
98.55% 0.00% 101.37% 5.36% 1
Non US
1.31% 0.00% 94.63% 21.65% 3

Bond Sector Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
Cash & Equivalents
0.13% -64.94% 45.98% 30.65% 5
Government
0.01% -0.69% 23.84% 3.45% 1
Derivative
0.00% -0.03% 3.82% 1.53% 1
Securitized
0.00% 0.00% 56.69% 1.72% 1
Corporate
0.00% 0.00% 21.42% 8.05% 2
Municipal
0.00% 0.00% 0.93% 1.34% 1

Bond Geographic Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
US
0.01% 0.00% 124.68% 5.36% 1
Non US
0.00% -94.99% 17.59% 1.72% 1

VTMSX - Expenses

Operational Fees

VTMSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.09% 0.03% 10.03% 39.35% 1
Management Fee 0.08% 0.00% 1.50% 12.26% 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 37.00% 0.00% 794.40% 18.08% 2

VTMSX - Distributions

Dividend Yield Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Dividend Yield 0.8% 0.00% 3.69% 1.94% 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 1.17% -1.95% 2.47% 5.57% 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

2.73

Tenure Rank

16.0%

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


William A. Coleman

Manager

Start Date

Apr 08, 2016

Tenure

2.73

Tenure Rank

16.0%

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

27.4

Category Average

6.31

Category Mode

4.0