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VTMSX Vanguard Tax-Managed Small Cap Adm

  • Fund
  • VTMSX
  • Price as of: Dec 08, 2016
  • $56.46
  • + $0.91
  • + 1.64%
  • Category
  • Small Cap Blend Equities

VTMSX - Profile

Vitals

  • YTD Return 27.2%
  • 3 Yr Annualized Return 8.8%
  • 5 Yr Annualized Return 16.0%
  • Net Assets $4.8 B
  • Holdings in Top 10 7.5%

52 WEEK LOW AND HIGH

$56.46
$38.83
$56.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.11%

SALES FEES

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

BROKERAGE FEES

  • Turnover 33.00%

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 28.2%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 16.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.21%
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 27.2% -72.0% 142.4% 9.46% 1
1 Yr 15.9% -34.4% 47.5% 13.85% 1
3 Yr 8.8% * -10.2% 10.2% 5.10% 1
5 Yr 16.0% * 2.6% 18.1% 6.10% 1
10 Yr 8.7% * 1.8% 10.9% 7.32% 1

* Annualized


Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.1% -59.6% 6.9% 6.81% 1
2014 5.2% -36.1% 14.0% 8.61% 1
2013 39.7% -8.1% 59.7% 8.82% 1
2012 14.3% -3.7% 30.8% 32.35% 2
2011 0.3% -25.9% 10.8% 8.62% 1

Total Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 28.2% -72.0% 142.4% 7.98% 1
1 Yr 15.9% -34.0% 191.4% 11.00% 1
3 Yr 8.8% * -11.9% 10.2% 4.46% 1
5 Yr 16.0% * 2.2% 18.1% 5.63% 1
10 Yr 8.7% * 1.8% 10.9% 7.04% 1

* Annualized


Total Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.9% -49.6% 6.9% 19.32% 2
2014 6.4% -16.1% 15.8% 32.37% 2
2013 43.5% -0.9% 156.4% 71.18% 4
2012 17.4% -3.7% 161.3% 74.46% 4
2011 1.4% -36.1% 16.4% 12.14% 1

NAV & Total Return History

VTMSX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

VTMSX Category Low Category High VTMSX % Rank Quintile
Net Assets 4.8 B 2.07 M 67.3 B 1.53% 1
Number of Holdings 607 2 3599 5.94% 1
Net Assets in Top 10 316 M 324 K 2.5 B 5.17% 1
Weighting of Top 10 7.5% 2.3% 451.3% 28.54% 4

Top 10 Holdings

  1. Vanguard REIT ETF 3.11%
  2. Take-Two Interactive Software Inc 0.60%
  3. Blackbaud Inc 0.46%
  4. PDC Energy Inc 0.53%
  5. US Silica Holdings Inc 0.48%
  6. The Chemours Co 0.48%
  7. Littelfuse Inc 0.48%
  8. Texas Capital Bancshares Inc 0.47%
  9. ALLETE Inc 0.45%
  10. ProAssurance Corp 0.45%

Asset Allocation

Weighting Category Low Category High VTMSX % Rank Quintile
Stocks
99.52% 28.15% 101.14% 3.07% 1
Cash
0.47% -190.32% 51.78% 28.93% 5
Other
0.00% -1.30% 73.36% 10.73% 3
Convertible Bonds
0.00% 0.00% 0.63% 0.77% 1
Preferred Stocks
0.00% 0.00% 1.86% 2.49% 1
Bonds
0.00% 0.00% 189.27% 4.60% 1

Stock Sector Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
Industrials
17.55% 0.00% 50.02% 13.60% 2
Technology
16.75% -2.53% 63.24% 12.26% 2
Financial Services
16.48% 0.00% 29.17% 13.98% 2
Consumer Cyclical
13.98% -5.52% 36.92% 14.94% 2
Healthcare
10.15% 0.00% 24.11% 17.82% 3
Basic Materials
8.16% 0.00% 17.26% 6.90% 1
Real Estate
6.86% 0.00% 38.12% 15.33% 3
Consumer Defense
3.31% 0.00% 22.01% 19.73% 4
Utilities
2.63% 0.00% 22.37% 14.75% 3
Energy
2.42% 0.00% 17.19% 22.61% 4
Communication Services
1.24% 0.00% 11.06% 9.58% 2

Stock Geographic Breakdown

Weighting Category Low Category High VTMSX % Rank Quintile
US
99.16% 0.77% 101.16% 1.92% 1
Non US
0.36% -4.89% 95.37% 25.48% 4

VTMSX - Expenses

Operational Fees

VTMSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.11% 0.05% 15.38% 40.80% 1
Management Fee 0.10% 0.01% 2.00% 12.07% 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 33.00% 2.00% 639.00% 17.85% 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 1.21% -2.42% 2.26% 6.51% 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

0.65

Tenure Rank

16.9%

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

0.65

Tenure Rank

16.9%

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

32.6

Category Average

5.82

Category Mode

1.9