Vanguard Tax-Managed Balanced Adm (VTMFX) Fund Details & Analysis

Fund Information

Fund Category Allocation--30% to 50% Equity

Fund Family Vanguard

Fund Style Large Blend

ISIN US9219433045

CUSIP 921943304

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $4.50 Billion

Share Class Net Assets $-

Expense Ratio 0.09%

Expense Ratio Date -

Dividend Yield 0.02%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 4.08%

1-Year Return 7.77%

3-Year Return 9.99%

5-Year Return 7.80%

NAV $46.54

Previous Close Price $49.00

Last Update 2025-09-30

Dividend Information

Dividend Yield 0.02%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Vanguard Tax-Managed Balanced Adm

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 266563.93%

Giant 21.00%

Large 15.32%

Medium 9.55%

Micro 0.27%

Small 2.39%

Value & Growth Metrics

Book-Value Growth % 8.99%

Cash-Flow Growth % 7.32%

Dividend Yield % 1.33%

Historical Earnings % 2.97%

Long-Term Earnings % 9.28%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	51.34%	51.34%	0.00%	55.09%	54.35%
Cash	0.13%	0.13%	0.00%	7.59%	0.00%
Non US Stock	0.21%	0.21%	0.00%	7.60%	11.16%
Not Classified	0.00%	0.00%	0.00%	1.58%	0.01%
Other	0.00%	0.00%	0.00%	5.28%	4.92%
US Stock	48.32%	48.32%	0.00%	28.89%	29.56%

Top Holdings

Name	Weight	Owned	Change
MICROSOFT CORP	2.59%	-	-
APPLE INC	2.94%	-	-
NVIDIA CORP	2.31%	-	-
AMAZON.COM INC	1.60%	-	-
META PLATFORMS-A	1.23%	-	-
ALPHABET INC-A	0.81%	-	-
ALPHABET INC-C	0.78%	-	-
ELI LILLY CO	0.69%	-	-
BERKSHIRE HATH-B	0.94%	-	-
JPMORGAN CHASE	0.70%	-	-

See the full breakdown of VTMFX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	2.45%	9.76%	0.26%	0.00%
Bond Sector	Corporate	2.45%	31.18%	0.00%	41.20%
Bond Sector	Derivative	2.45%	1.41%	0.00%	0.00%
Bond Sector	Government	2.45%	28.92%	0.00%	55.99%
Bond Sector	Municipal	2.45%	5.60%	99.74%	0.04%
Bond Sector	Securitized	2.45%	23.13%	0.00%	2.78%
Cyclical	Basic Materials	2.08%	3.49%	0.00%	3.19%
Cyclical	Consumer Cyclical	10.87%	9.23%	0.00%	10.59%
Cyclical	Financial Services	14.34%	15.67%	0.00%	16.36%
Cyclical	Real Estate	2.38%	4.71%	0.00%	2.54%
Defensive	Consumer Defensive	5.64%	6.73%	0.00%	5.66%
Defensive	Healthcare	9.66%	11.08%	0.00%	9.20%
Defensive	Utilities	2.45%	3.86%	0.00%	2.56%
Sensitive	Communication Services	9.56%	6.99%	0.00%	8.38%
Sensitive	Energy	3.00%	5.18%	0.00%	3.48%
Sensitive	Industrials	9.01%	10.77%	0.00%	11.15%
Sensitive	Technology	31.00%	22.28%	0.00%	26.89%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.38%	0.03%	0.44%
Americas	North America	80.93%	99.57%	75.14%
Greater Asia	Asia Developed	2.03%	-	1.88%
Greater Asia	Asia Emerging	1.59%	0.01%	1.98%
Greater Asia	Australasia	0.76%	-	1.54%
Greater Asia	Japan	2.71%	-	5.16%
Greater Europe	Africa/Middle East	0.33%	-	0.60%
Greater Europe	Europe Developed	8.03%	0.25%	10.15%
Greater Europe	Europe Emerging	0.06%	-	0.17%
Greater Europe	United Kingdom	3.19%	0.14%	2.95%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-30	$0.242	$0.000	None	-	-	-	-
2024-09-26	$0.242	$0.242	USD	-	2024-09-25	2024-09-27	Quarterly
2024-06-27	$0.234	$0.234	USD	-	2024-06-26	2024-06-28	Quarterly
2024-03-21	$0.224	$0.224	USD	-	2024-03-20	2024-03-22	Quarterly
2023-12-20	$0.215	$0.215	USD	-	2023-12-19	2023-12-21	Quarterly
2023-09-20	$0.199	$0.199	USD	-	2023-09-19	2023-09-21	Quarterly
2023-06-22	$0.192	$0.192	USD	-	2023-06-21	2023-06-23	Quarterly
2023-03-22	$0.193	$0.193	USD	-	2023-03-21	2023-03-23	Quarterly
2022-12-28	$0.185	$0.185	USD	2022-12-28	2022-12-27	2022-12-29	Quarterly
2022-09-22	$0.167	$0.167	USD	2022-09-22	2022-09-21	2022-09-23	Quarterly
2022-06-28	$0.165	$0.165	USD	2022-06-28	2022-06-27	2022-06-29	Quarterly
2022-03-22	$0.155	$0.155	USD	2022-03-22	2022-03-21	2022-03-23	Quarterly
2021-12-29	$0.138	$0.138	USD	2021-12-28	2021-12-28	2021-12-30	Quarterly
2021-09-23	$0.149	$0.149	USD	2021-09-22	2021-09-22	2021-09-24	Quarterly
2021-06-28	$0.144	$0.144	USD	2021-06-28	2021-06-25	2021-06-29	Quarterly
2021-03-24	$0.154	$0.154	USD	2021-03-23	2021-03-23	2021-03-25	Quarterly
2020-12-29	$0.166	$0.166	USD	2020-12-28	2020-12-28	2020-12-30	Quarterly
2020-09-28	$0.159	$0.159	USD	2020-09-25	2020-09-25	2020-09-29	Quarterly
2020-06-26	$0.156	$0.156	USD	2020-06-25	2020-06-25	2020-06-29	Quarterly
2020-03-25	$0.176	$0.176	USD	2020-03-24	2020-03-24	2020-03-26	Quarterly
2019-12-23	$0.181	$0.181	USD	2019-12-20	2019-12-20	2019-12-24	Quarterly
2019-09-13	$0.164	$0.164	USD	2019-09-12	2019-09-12	2019-09-16	Quarterly
2019-06-20	$0.166	$0.166	USD	2019-06-19	2019-06-19	2019-06-21	Quarterly
2019-03-27	$0.193	$0.193	USD	2019-03-26	2019-03-26	2019-03-28	Quarterly
2018-12-18	$0.176	$0.176	USD	2018-12-17	2018-12-17	2018-12-19	Quarterly
2018-09-25	$0.168	$0.168	USD	2018-09-24	2018-09-24	2018-09-26	Quarterly
2018-06-27	$0.157	$0.157	USD	2018-06-26	2018-06-26	2018-06-28	Quarterly
2018-03-21	$0.158	$0.158	USD	2018-03-20	2018-03-20	2018-03-22	Quarterly
2017-12-22	$0.170	$0.170	USD	2017-12-21	2017-12-21	2017-12-26	Quarterly
2017-09-21	$0.156	$0.156	USD	2017-09-20	2017-09-20	2017-09-22	Quarterly
2017-06-22	$0.141	$0.141	USD	2017-06-21	2017-06-21	2017-06-23	Quarterly
2017-03-28	$0.146	$0.146	USD	2017-03-27	2017-03-27	2017-03-29	Quarterly
2016-12-23	$0.179	$0.179	USD	2016-12-22	2016-12-22	2016-12-27	Quarterly
2016-09-16	$0.146	$0.146	USD	2016-09-15	2016-09-15	2016-09-19	Quarterly
2016-06-16	$0.138	$0.138	USD	2016-06-15	2016-06-15	2016-06-17	Quarterly
2016-03-16	$0.131	$0.131	USD	2016-03-15	2016-03-15	2016-03-17	Quarterly
2015-12-24	$0.157	$0.157	USD	2015-12-23	2015-12-23	2015-12-28	Quarterly
2015-09-18	$0.140	$0.140	USD	2015-09-17	2015-09-17	2015-09-21	Quarterly
2015-06-19	$0.125	$0.125	USD	2015-06-18	2015-06-18	2015-06-22	Quarterly
2015-03-26	$0.132	$0.132	USD	2015-03-25	2015-03-25	2015-03-27	Quarterly
2014-12-26	$0.150	$0.150	USD	2014-12-24	2014-12-24	2014-12-29	Quarterly
2014-09-19	$0.133	$0.133	USD	2014-09-18	2014-09-18	2014-09-22	Quarterly
2014-06-20	$0.125	$0.125	USD	2014-06-19	2014-06-19	2014-06-23	Quarterly
2014-03-28	$0.128	$0.128	USD	2014-03-27	2014-03-27	2014-03-31	Quarterly
2013-12-26	$0.142	$0.142	USD	2013-12-24	2013-12-24	2013-12-27	Quarterly
2013-09-26	$0.128	$0.128	USD	2013-09-25	2013-09-25	2013-09-27	Quarterly
2013-06-27	$0.128	$0.128	USD	2013-06-26	2013-06-26	2013-06-28	Quarterly
2013-03-27	$0.116	$0.116	USD	2013-03-26	2013-03-26	2013-03-28	Quarterly
2012-12-26	$0.150	$0.150	USD	2012-12-24	2012-12-24	2012-12-27	Quarterly
2012-09-27	$0.126	$0.126	USD	-	2012-09-26	2012-09-28	Quarterly
2012-06-28	$0.124	$0.124	USD	-	2012-06-27	2012-06-29	Quarterly
2012-03-29	$0.121	$0.121	USD	-	2012-03-28	2012-03-30	Quarterly
2011-12-27	$0.134	$0.134	USD	-	2011-12-23	2011-12-28	Quarterly
2011-09-29	$0.128	$0.128	USD	-	2011-09-28	2011-09-30	Quarterly
2011-06-29	$0.129	$0.129	USD	-	2011-06-28	2011-06-30	Quarterly
2011-03-30	$0.123	$0.123	USD	-	2011-03-29	2011-03-31	Quarterly
2010-12-28	$0.132	$0.132	USD	-	2010-12-27	2010-12-29	Quarterly
2010-09-27	$0.125	$0.125	USD	-	2010-09-24	2010-09-28	Quarterly
2010-06-28	$0.123	$0.123	USD	-	2010-06-25	2010-06-29	Quarterly
2010-03-29	$0.116	$0.116	USD	-	2010-03-26	2010-03-30	Quarterly
2009-12-28	$0.137	$0.137	USD	-	2009-12-24	2009-12-29	Quarterly
2009-09-28	$0.121	$0.121	USD	-	2009-09-25	2009-09-29	Quarterly
2009-06-25	$0.115	$0.115	USD	-	2009-06-24	2009-06-26	Quarterly
2009-03-26	$0.124	$0.124	USD	-	2009-03-25	2009-03-27	Quarterly
2008-12-26	$0.149	$0.149	USD	-	2008-12-24	2008-12-29	Quarterly
2008-09-25	$0.139	$0.139	USD	-	2008-09-24	2008-09-26	Quarterly
2008-06-26	$0.137	$0.137	USD	-	2008-06-25	2008-06-27	Quarterly
2008-03-27	$0.140	$0.140	USD	-	2008-03-26	2008-03-28	Quarterly
2007-12-27	$0.178	$0.178	USD	-	2007-12-26	2007-12-28	Quarterly
2007-09-21	$0.140	$0.140	USD	-	2007-09-20	2007-09-24	Quarterly
2007-06-22	$0.140	$0.140	USD	-	2007-06-21	2007-06-25	Quarterly
2007-03-23	$0.130	$0.130	USD	-	2007-03-22	2007-03-26	Quarterly
2006-12-26	$0.170	$0.170	USD	-	2006-12-22	2006-12-27	Quarterly
2006-09-22	$0.130	$0.130	USD	-	2006-09-21	2006-09-25	Quarterly
2006-06-23	$0.130	$0.130	USD	-	2006-06-22	2006-06-26	Quarterly
2006-03-24	$0.120	$0.120	USD	-	2006-03-23	2006-03-27	Quarterly
2005-12-28	$0.146	$0.146	USD	-	2005-12-27	2005-12-29	Quarterly
2005-09-23	$0.130	$0.130	USD	-	2005-09-22	2005-09-26	Quarterly
2005-06-24	$0.110	$0.110	USD	-	2005-06-23	2005-06-27	Quarterly
2005-03-23	$0.100	$0.100	USD	-	2005-03-22	2005-03-28	Quarterly
2004-12-29	$0.170	$0.170	USD	-	2004-12-28	2005-01-03	Quarterly
2004-09-24	$0.110	$0.110	USD	-	2004-09-23	2004-09-27	Quarterly
2004-06-25	$0.110	$0.110	USD	-	2004-06-24	2004-06-28	Quarterly
2004-06-18	$0.110	$0.110	USD	-	-	-	-
2004-03-26	$0.090	$0.090	USD	-	2004-03-25	2004-03-29	Quarterly
2004-03-19	$0.090	$0.090	USD	-	-	-	-
2003-12-23	$0.140	$0.140	USD	-	2003-12-22	2004-01-02	Quarterly
2003-09-26	$0.110	$0.110	USD	-	2003-09-25	2003-09-29	Quarterly
2003-06-20	$0.100	$0.100	USD	-	2003-06-19	2003-06-23	Quarterly
2003-03-28	$0.090	$0.090	USD	-	2003-03-27	2003-03-31	Quarterly
2002-12-26	$0.120	$0.120	USD	-	2002-12-24	2003-01-02	Quarterly
2002-09-27	$0.120	$0.120	USD	-	2002-09-26	2002-09-30	Quarterly
2002-06-21	$0.100	$0.100	USD	-	2002-06-20	2002-06-24	Quarterly
2002-03-22	$0.090	$0.090	USD	-	2002-03-21	2002-03-25	Quarterly
2001-12-26	$0.140	$0.140	USD	-	2001-12-24	2002-01-02	Quarterly
2001-09-21	$0.120	$0.120	USD	-	2001-09-20	2001-09-24	Quarterly
2001-06-22	$0.110	$0.110	USD	-	2001-06-21	2001-06-25	Quarterly
2001-03-23	$0.090	$0.090	USD	-	2001-03-22	2001-03-29	Quarterly
2000-12-28	$0.160	$0.160	USD	-	2000-12-26	2001-01-02	Quarterly
2000-12-27	$0.160	$0.000	None	-	-	-	-
2000-09-25	$0.120	$0.120	USD	-	2000-09-21	2000-09-25	Quarterly
2000-09-22	$0.120	$0.000	None	-	-	-	-
2000-06-26	$0.110	$0.110	USD	-	2000-06-22	2000-06-26	Quarterly
2000-06-23	$0.110	$0.000	None	-	-	-	-
2000-03-27	$0.100	$0.100	USD	-	2000-03-23	2000-03-27	Quarterly
2000-03-24	$0.100	$0.000	None	-	-	-	-
1999-12-27	$0.150	$0.150	USD	-	1999-12-22	2000-01-03	Quarterly
1999-12-23	$0.150	$0.000	None	-	-	-	-
1999-09-27	$0.100	$0.100	USD	-	1999-09-23	1999-09-27	Quarterly
1999-09-24	$0.100	$0.000	None	-	-	-	-
1999-06-28	$0.100	$0.100	USD	-	1999-06-24	1999-06-28	Quarterly
1999-06-25	$0.100	$0.000	None	-	-	-	-
1999-03-29	$0.080	$0.080	USD	-	1999-03-25	1999-03-30	Quarterly
1999-03-26	$0.080	$0.000	None	-	-	-	-
1998-12-29	$0.130	$0.130	USD	-	1998-12-24	1999-01-04	Quarterly
1998-09-28	$0.100	$0.100	USD	-	1998-09-24	1998-09-29	Quarterly
1998-09-25	$0.100	$0.000	None	-	-	-	-
1998-06-29	$0.080	$0.080	USD	-	1998-06-25	1998-06-30	Quarterly
1998-06-26	$0.080	$0.000	None	-	-	-	-
1998-03-27	$0.080	$0.080	USD	-	1998-03-26	1998-03-31	Quarterly
1997-12-29	$0.120	$0.120	USD	-	1997-12-26	1998-01-02	Quarterly
1997-09-24	$0.090	$0.090	USD	-	1997-09-23	1997-09-29	Quarterly
1997-06-25	$0.090	$0.090	USD	-	1997-06-24	1997-06-30	Quarterly
1997-03-25	$0.070	$0.070	USD	-	1997-03-24	1997-03-31	Quarterly
1996-12-27	$0.110	$0.110	USD	-	1999-12-26	1997-01-02	Quarterly
1996-09-25	$0.100	$0.100	USD	-	1996-09-24	1996-09-30	Quarterly
1996-06-25	$0.090	$0.090	USD	-	1996-06-24	1996-06-28	Quarterly
1996-03-26	$0.060	$0.060	USD	-	1996-03-25	1996-03-29	Quarterly
1995-12-27	$0.100	$0.100	USD	-	1995-12-26	1996-01-02	Quarterly
1995-09-26	$0.080	$0.080	USD	-	1995-09-25	1995-09-29	Quarterly
1995-06-21	$0.080	$0.080	USD	-	1995-06-20	1995-06-26	Quarterly
1995-03-22	$0.060	$0.000	None	-	-	-	-
1994-12-28	$0.080	$0.000	None	-	-	-	-
1994-09-21	$0.010	$0.000	None	-	-	-	-

Vanguard Tax-Managed Balanced Adm NMFQS:VTMFX