VTMFX — Vanguard Tax-Managed Balanced Fund
Data updated: 2026-08-28
VTMFX — Vanguard Tax-Managed Balanced Fund. Balanced Allocation · $12.25B AUM · 0.05% expense ratio. Holdings, fees, performance and SEC filings.
VTMFX Fund Overview
VTMFX — Vanguard Tax-Managed Balanced Fund is a US mutual fund managed by Vanguard Tax-Managed Funds, categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Tax-Managed Funds
- Category: Balanced Allocation
- Assets under management: $12.25B
- 1-year return: 13.7%
- Ticker: VTMFX
- SEC CIK: 0000923202
- SEC series ID: S000004383
- Share class ID: C000012133
VTMFX Holdings
Top 10 holdings of Vanguard Tax-Managed Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 3.22% |
| Apple Inc | 2.88% |
| Microsoft Corp | 1.90% |
| Amazon.com Inc | 1.57% |
| Alphabet Inc | 1.44% |
| Broadcom Inc | 1.20% |
| Alphabet Inc | 1.14% |
| Micron Technology Inc | 0.89% |
| Meta Platforms Inc | 0.85% |
| Tesla Inc | 0.82% |
VTMFX Portfolio Allocation
Asset-class allocation of Vanguard Tax-Managed Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 52.3% |
| Equity | 47.2% |
| Securitized | 0.2% |
VTMFX Performance
Total returns for VTMFX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.7% |
| 1 year | 13.7% |
| 3 years (annualised) | 11.8% |
| 5 years (annualised) | 7.0% |
VTMFX Risk Information
Risk metrics for VTMFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.3%
VTMFX Costs and Fees
VTMFX costs about $5 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.05%
- Gross expense ratio: 0.05%
- Portfolio turnover: 15%
- Brokerage commissions: 0.06 bps of average net assets (SEC N-CEN)
VTMFX Cashflows
Over the 12 months to 2026-06, Vanguard Tax-Managed Balanced Fund had net inflows of $417.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $57.48M |
| 2026-05 | $8.06M |
| 2026-04 | $16.23M |
| 2026-03 | $75.72M |
| 2026-02 | $13.72M |
| 2026-01 | $47.13M |
VTMFX Debt Constituents
Largest debt holdings of Vanguard Tax-Managed Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Harris County Cultural Education Facilities Finance Corp | 0.36% |
| New York City Municipal Water Finance Authority | 0.21% |
| New York City Municipal Water Finance Authority | 0.20% |
| Harris County Cultural Education Facilities Finance Corp | 0.19% |
| Maricopa County Industrial Development Authority | 0.17% |
| City of New York NY | 0.15% |
| Massachusetts Health & Educational Facilities Authority | 0.13% |
| Main Street Natural Gas Inc | 0.13% |
| Black Belt Energy Gas District | 0.12% |
| Southeast Energy Authority A Cooperative District | 0.11% |
VTMFX Prospectus and SEC Filings
Official Vanguard Tax-Managed Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus supplement (497) — filed 2026-02-02
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Balanced Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.