Morningstar

Vanguard Tax-Managed Balanced Fund Admiral Shares VTMFX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 50.64  /  +0.40 %
  • Total Assets 12.3B
  • 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 2.88%
  • Turnover 15%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 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 16.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

3.46 427M
Technology

Apple Inc

3.09 382M
Technology

Microsoft Corp

2.53 312M
Technology

Amazon.com Inc

1.70 210M
Consumer Cyclical

Alphabet Inc Class C

1.35 167M
Communication Services

Broadcom Inc

1.16 143M
Technology

Alphabet Inc Class A

1.04 129M
Communication Services

Meta Platforms Inc Class A

0.84 104M
Communication Services

Micron Technology Inc

0.73 90M
Technology

Tesla Inc

0.73 90M
Consumer Cyclical

Sponsor Center