Morningstar

Vanguard Tax-Managed Balanced Fund Admiral Shares VTMFX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 52.20  /  +0.38 %
  • Total Assets 12.2B
  • Adj. Expense Ratio
    0.050%
  • Expense Ratio 0.090%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Moderately Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 2.22%
  • Turnover 15%

USD | NAV as of Aug 14, 2026 | 1-Day Return as of Aug 14, 2026, 12:14 AM GMT+0

Morningstar’s Analysis VTMFX

Will VTMFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • 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 Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VTMFX

More VTMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

3.22 394M
Technology

Apple Inc

2.88 353M
Technology

Microsoft Corp

1.90 233M
Technology

Amazon.com Inc

1.57 193M
Consumer Cyclical

Alphabet Inc Class C

1.43 176M
Communication Services

Broadcom Inc

1.20 147M
Technology

Alphabet Inc Class A

1.14 140M
Communication Services

Micron Technology Inc

0.89 109M
Technology

Meta Platforms Inc Class A

0.85 104M
Communication Services

Tesla Inc

0.82 101M
Consumer Cyclical

Sponsor Center