VTMFX – Fund Analysis – Vanguard Tax-Managed Balanced Adm | Morningstar

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Will VTMFX outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTMFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the VTMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of VTMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compelling option for tax-conscious investors.

Associate Analyst Mary Marshall

Mary Marshall

Associate Analyst

Summary

Vanguard Tax-Managed Balanced is led by an experienced team that leverages the firm’s research groups to construct a balanced tax-aware product.

by Mary Marshall

Rated on May 15, 2026 Published on May 15, 2026

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