Vanguard Tax-Managed Balanced Fund

Vanguard Tax-Managed Balanced Fund (the “Fund”) 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.

$51.00

Key Metrics

TER 0.05% per year
Distribution policy Distributing
Fund size USD 12,249 M
Inception date September 6, 1994
Holdings 4,770
Fund currency USD
Fund domicile US
Provider Vanguard
For full official fund details, factsheets, and holdings, visit investor.vanguard.com (opens in new tab).

Compare similar ETFs

Fund Size
Dividend
Fees
Current
Tax-Managed Balanced Fund VTMFX
Fund Size
$12.3B
Dividend
2.3%
Fees
0.05%

Historical Return

Last updated: Oct 15, 2026
1 Year +0.0% +2.3% Div
3 Years (avg.) +0.0% +2.3% Div
5 Years (avg.) +0.0% +2.3% Div

Risk & Analysis Metrics

Last updated: Oct 15, 2026

Volatility

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Max Drawdown

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Sharpe Ratio

N/A 1 Year
N/A 3 Years
N/A 5 Years
N/A 10 Years

Distributions

*by ETF Portfolio Weight Last updated: Oct 15, 2026

Profit Margin Distribution

< 0%
3%
1y 3y N/A N/A
0 - 5%
9%
1y 3y N/A N/A
5 - 10%
9%
1y 3y N/A N/A
10 - 15%
10%
1y 3y N/A N/A
15 - 20%
13%
1y 3y N/A N/A
20 - 30%
23%
1y 3y N/A N/A
30 - 40%
7%
1y 3y N/A N/A
> 40%
26%
1y 3y N/A N/A

P/E Ratio Distribution

< 0
3%
1y 3y N/A N/A
0 - 10
2%
1y 3y N/A N/A
10 - 15
12%
1y 3y N/A N/A
15 - 20
13%
1y 3y N/A N/A
20 - 25
12%
1y 3y N/A N/A
25 - 35
27%
1y 3y N/A N/A
35 - 50
20%
1y 3y N/A N/A
> 50
12%
1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation
N/A
Undervalued
> 60%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
15 - 30%
0%
1y 3y N/A N/A
Fair (&plusmn;15%)
0%
1y 3y N/A N/A
Overvalued
15 - 30%
0%
1y 3y N/A N/A
30 - 45%
0%
1y 3y N/A N/A
45 - 60%
0%
1y 3y N/A N/A
> 60%
0%
1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap
0.0%
1y 3y N/A N/A
Small Cap
0.1%
1y 3y N/A N/A
Mid Cap
2.5%
1y 3y N/A N/A
Large Cap
31.6%
1y 3y N/A N/A
Mega Cap
65.8%
1y 3y N/A N/A
Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Portfolio Concentration

*by ETF Portfolio Weight Last updated: Oct 15, 2026
24.1% Top 5 Holdings
34.8% Top 10 Holdings
60.6% Top 50 Holdings
72.0% Top 100 Holdings
Top 5 Companies
NVDA NVIDIA Corp
7.0%
AAPL Apple Inc
6.3%
MSFT Microsoft Corporation
4.2%
AMZN Amazon.com Inc.
3.4%
GOOG Alphabet Inc
3.1%

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Sectors

Manufacturing 22.2%
Information 8.6%
Finance and Insurance 4.1%
Retail Trade 3.3%
Utilities 1.0%
Financial Services 0.8%
Transportation and Warehousing 0.7%
Professional, Scientific, and Technical Services 0.7%
Management of Companies and Enterprises 0.7%
Mining, Quarrying, and Oil and Gas Extraction 0.6%
Energy 0.4%
Administrative and Support and Waste Management and Remediation Services 0.3%
Industrials 0.3%
Wholesale Trade 0.3%
Construction 0.3%
Accommodation and Food Services 0.3%
Health Care and Social Assistance 0.2%
Basic Materials 0.2%
Real Estate and Rental and Leasing 0.2%
Arts, Entertainment, and Recreation 0.1%
Healthcare 0.1%
Public Administration 0.0%
Technology 0.0%
Finance 0.0%
Communication Services 0.0%
Other Services (except Public Administration) 0.0%
Educational Services 0.0%
Consumer Services 0.0%
Consumer Defensive 0.0%
Other 54.5%

Countries

Other 52.3%
United States 46.5%
Ireland 0.5%
United Kingdom 0.3%
Switzerland 0.2%
Bermuda 0.1%
Sweden 0.1%
Brazil 0.0%
Cayman Islands 0.0%
Australia 0.0%
Puerto Rico 0.0%
Canada 0.0%
Luxembourg 0.0%
Denmark 0.0%

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<0 >50

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0% 3%

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0% 30%

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0% 30%

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<-50% >+100%
Market Cap
P/E Ratio
Dividends Ratio of dividends in the last 12 months to current share price
Total Investment
Weight

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MSFT - Information
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AMZN - Retail Trade
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GOOG - Information

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Weight 1.14%

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META - Information

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INTC - Manufacturing
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JNJ - Manufacturing

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JNJ - Manufacturing
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