4 / 5 Stars
4 4 5 5 5
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#11 in Conservative Allocation
U.S. News evaluated 183 Conservative Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 10.53 percent over the past year, 9.64 percent over the past three years, 12.00 percent over the past five years, and 6.05 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.7%|
|3 Years (Annualized)||9.6%|
|5 Years (Annualized)||12.0%|
|10 Years (Annualized)||6.0%|
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 are Low compared to funds in the same category.
Vanguard Tax Managed Balanced Fund has an expense ratio of 0.12 percent.
Risk is Average compared to funds in the same category according to Morningstar.