Vanguard Tax Managed Balanced Fund

Class Other (VTMFX)
Scorecard
4 / 5 Stars
Lipper
4 4 5 5 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
B+ (Buy)

#2 in Conservative Allocation

U.S. News evaluated 187 Conservative Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Vanguard funds

See full Conservative Allocation rankings

See more fund rankings

Performance

The fund has returned 15.12 percent over the past year, 10.44 percent over the past three years, 11.81 percent over the past five years, and 6.71 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.9%
1 Year 15.1%
3 Years (Annualized) 10.4%
5 Years (Annualized) 11.8%
10 Years (Annualized) 6.7%

See more VTMFX performance

Summary

The investment seeks to provide a tax-efficient investment 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.

Fees

Fees are Average compared to funds in the same category.
Vanguard Tax Managed Balanced Fund has an expense ratio of 0.12 percent.

See more VTMFX fees

Risk

Risk is Average compared to funds in the same category according to Morningstar.

See more VTMFX risk

Conservative Allocation Funds

Highest Returns (10-year)

See More Funds