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VTMFX Vanguard Tax-Managed Balanced Adm

  • Fund
  • VTMFX
  • Price as of: Apr 24, 2019
  • $32.36 - $0.01 - 0.03%
  • Category
  • Diversified Portfolio

VTMFX - Profile

Vitals

  • YTD Return 9.1%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $4.9 B
  • Holdings in Top 10 9.2%

52 WEEK LOW AND HIGH

$32.36
$28.74
$32.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 9.1%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Vanguard Tax Managed Balanced Fund
  • Fund Family Name Vanguard
  • Inception Date Sep 06, 1994
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States

Fund Description

The Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) is a traditional balanced fund that splits its portfolio evenly between stocks and bonds. VTMFX is passively managed to minimize taxes. The equity side of the fund holds broad U.S. stock index funds and the bond side holds tax-free municipal bonds. VTMFX tracks the Russell 1000 Index and the Barclays 1–15 Year Municipal Bond Index.

Expenses for VTMFX are very low. Given its scope and broad holdings, the fund is suitable as a “one-stop-shop” holding for investors in high tax brackets. The fund is internally managed by Vanguard.

VTMFX - Performance

Return Ranking - Trailing

Period VTMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -4.3% 25.5% 53.26%
1 Yr 6.9% -23.9% 12.5% 1.33%
3 Yr 5.7%* -9.0% 14.6% 6.60%
5 Yr 4.9%* -24.3% 9.3% 1.19%
10 Yr 7.0%* -13.5% 10.4% 9.86%

* Annualized


Return Ranking - Calendar

Period VTMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -34.6% 1.6% 2.98%
2017 10.3% -12.4% 33.2% 21.12%
2016 3.7% -65.8% 23.3% 42.05%
2015 0.3% -64.9% 4.8% 1.09%
2014 7.6% -59.3% 68.3% 3.44%

Total Return Ranking - Trailing

Period VTMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -4.3% 25.5% 53.83%
1 Yr 6.9% -23.9% 13.9% 7.16%
3 Yr 5.7%* -9.0% 14.8% 42.47%
5 Yr 4.9%* -21.5% 13.4% 26.14%
10 Yr 7.0%* -12.5% 13.7% 57.71%

* Annualized


Total Return Ranking - Calendar

Period VTMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -32.7% 1.6% 11.22%
2017 10.3% -8.4% 33.2% 53.99%
2016 3.7% -65.2% 23.3% 77.37%
2015 0.3% -62.9% 9.2% 8.78%
2014 7.6% -28.5% 76.9% 16.05%

NAV & Total Return History

VTMFX - Holdings

Concentration Analysis

VTMFX Category Low Category High VTMFX % Rank
Net Assets 4.9 B 592 K 140 B 13.79%
Number of Holdings 2935 2 13341 1.14%
Net Assets in Top 10 452 M -637 M 26.4 B 37.57%
Weighting of Top 10 9.21% 0.0% 3327.1% 98.86%

Top 10 Holdings

  1. Apple Inc 1.63%

  2. Microsoft Corp 1.62%

  3. Amazon.com Inc 1.32%

  4. Berkshire Hathaway Inc B 0.72%

  5. Facebook Inc A 0.72%

  6. Johnson & Johnson 0.68%

  7. Alphabet Inc Class C 0.66%

  8. Exxon Mobil Corp 0.63%

  9. JPMorgan Chase & Co 0.62%

  10. Alphabet Inc A 0.62%


Asset Allocation

Weighting Return Low Return High VTMFX % Rank
Bonds
51.81% -367.37% 252.78% 26.19%
Stocks
47.89% -50.88% 102.14% 56.80%
Cash
0.29% -229.53% 902.22% 89.31%
Other
0.02% -802.22% 51.84% 68.94%
Preferred Stocks
0.00% 0.00% 65.70% 99.68%
Convertible Bonds
0.00% -0.09% 39.88% 99.68%

Stock Sector Breakdown

Weighting Return Low Return High VTMFX % Rank
Technology
11.02% -9.43% 31.89% 31.46%
Financial Services
7.27% -0.33% 47.66% 56.27%
Healthcare
6.69% -2.72% 24.64% 47.47%
Consumer Cyclical
5.83% -9.87% 33.33% 44.75%
Industrials
5.05% -1.20% 27.79% 52.09%
Consumer Defense
3.52% -1.70% 18.42% 52.09%
Energy
2.46% -2.23% 32.58% 63.35%
Real Estate
1.68% -6.85% 77.34% 51.90%
Communication Services
1.60% -0.92% 7.52% 47.15%
Utilities
1.52% -0.60% 23.37% 52.72%
Basic Materials
1.24% -1.52% 18.92% 69.18%

Stock Geographic Breakdown

Weighting Return Low Return High VTMFX % Rank
US
47.41% -42.66% 124.70% 29.98%
Non US
0.48% -91.46% 98.02% 91.14%

Bond Sector Breakdown

Weighting Return Low Return High VTMFX % Rank
Municipal
51.76% 0.00% 99.97% 0.57%
Cash & Equivalents
0.33% -229.63% 902.21% 89.88%
Derivative
0.00% -196.76% 70.06% 77.29%
Securitized
0.00% -15.87% 43.20% 99.37%
Corporate
0.00% 0.00% 93.54% 100.00%
Government
0.00% -218.14% 252.78% 97.79%

Bond Geographic Breakdown

Weighting Return Low Return High VTMFX % Rank
US
51.62% -346.74% 207.15% 15.24%
Non US
0.19% -84.44% 152.24% 88.24%

VTMFX - Expenses

Operational Fees

VTMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.00% 11.64% 98.61%
Management Fee 0.08% 0.00% 2.50% 17.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

VTMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

VTMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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.

VTMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 6067.00% 11.20%

VTMFX - Distributions

Dividend Yield Analysis

VTMFX Category Low Category High VTMFX % Rank
Dividend Yield 0.02% 0.00% 0.11% 27.51%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VTMFX Category Low Category High VTMFX % Rank
Net Income Ratio 2.22% -4.09% 6.99% 25.68%

Capital Gain Distribution Analysis

VTMFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

VTMFX - Managers

Tenure Analysis

Category Low

0.0

Category High

38.27

Category Average

6.51

Category Mode

6.87