VTMFX:NASDAQ
Vanguard Tax-Managed Balanced Fund Admiral Shares – VTMFX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
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| 47.31 | 0.29 (+0.62%) | 41.26 - 47.31 | -- |
Market data as of 12:00AM 08/12/25. Quotes are delayed by at least 15 min.
Overview - VTMFX
The investment seeks to provide a tax-efficient return consisting of federally tax-exempt income, long-term capital appreciation, and a modest amount of taxable current income.
The fund invests approximately 50% to 55% of its assets in municipal securities and the balance in common stocks. The fixed income portion of the fund is concentrated in high-quality municipal securities with a dollar-weighted average maturity expected to be between 6 and 12 years. At least 75% of the municipal bonds purchased by the fund will be rated in one of the top three credit-rating categories.
Growth of $10,000 (10 Years)
| Total Return | 7.67% |
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| Yield (Trailing 12 Mo.) | 2.15% |
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| Expense Ratio | 0.09% |
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| Front Load | None |
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| Deferred Load | None |
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| Minimum Investment | $10,000 |
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| Management Tenure | 12 Years |
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| Fund Inception | 09/06/1994 |
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Trailing Total Returns - VTMFX
as of 07/31/2025
| Timeframe | VTMFX | S&P 500 | Moderately Conservative Allocation |
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| 1 Month | 1.10% | 2.24% | 0.56% |
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| 3 Month | 7.30% | 14.21% | 5.50% |
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| Year-to-Date | 4.57% | 8.59% | 5.40% |
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| 1 Year | 8.55% | 16.33% | 7.04% |
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| 3 Year | 9.27% | 17.10% | 6.87% |
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| 5 Year | 7.87% | 15.88% | 5.59% |
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| 10 Year | 7.73% | 13.66% | 5.20% |
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| Since Inception | 7.67% | 11.16% | -- |
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Sector Allocation - VTMFX
as of 07/31/2025
| Basic Materials | | 2.02% |
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| Consumer Cyclical | | 10.81% |
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| Financial Services | | 14.15% |
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| Real Estate | | 2.16% |
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| Consumer Defensive | | 5.22% |
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| Healthcare | | 9.24% |
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| Utilities | | 2.21% |
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| Communication Services | | 9.82% |
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| Energy | | 2.96% |
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| Industrials | | 8.91% |
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| Technology | | 32.50% |
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Asset Allocation - VTMFX
as of 07/31/2025
| By Percent | Short | 0% | Long | Net |
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| Stock | 0.00 | | | 47.03 | 47.03 |
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| Bond | 0.00 | | | 51.84 | 51.84 |
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| Other | 0.00 | | | 0.00 | 0.00 |
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| Foreign Stock | 0.00 | | | 0.18 | 0.18 |
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| Foreign Bond | 0.00 | | | 0.85 | 0.85 |
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| Total | 0.00 | | | 99.90 | 99.90 |
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| Cash | 0.00 | | | 0.10 | 0.10 |
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| Total Net Assets | $10.81B |
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| Total Stock Holdings | 800 |
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| Total Bond Holdings | 3551 |
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Bond Credit Quality - VTMFX
as of 07/31/2025
| AAA | | 14.24% |
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| AA | | 48.24% |
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| A | | 27.39% |
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| BBB | | 6.66% |
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| BB | | 0.88% |
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| B | | 0.00% |
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| Below B | | 0.10% |
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| Not Rated | | 2.49% |
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Top Ten Holdings - VTMFX
as of 07/31/2025
Valuation & Growth - VTMFX
as of 07/31/2025
| Valuation | VTMFX | Category Range |
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| Price/Earnings | 26.50 | |
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| Price/Book | 4.83 | |
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| Price/Sales | 3.13 | |
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| Price/Cash Flow | 18.78 | |
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| Dividend Yield | 1.2 | |
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| LT Earnings | 9.53 | |
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| Historical Earnings | 15.26 | |
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| Sales Growth | 8.57 | |
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| Cash-Flow Growth | 8.08 | |
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| Book-Value Growth | 9.5 | |
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