Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX)
Vanguard Tax-Managed Balanced Fund Admiral Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $52.00, up 0.15% on the session, giving a market capitalisation of $12.52B. Its beta of 0.82 implies it has historically moved less than the broad market.
A Vanguard offering from its tax-managed investment series, this fund dedicates roughly 50% of its portfolio to U.S. stocks, focusing on mid- and large-cap companies, with the remaining balance invested in municipal bonds that are free from federal taxes. The equity portion utilizes an index-tracking strategy designed to replicate its benchmark while actively minimizing taxable dividend distributions. It is primarily intended for investors in higher tax brackets who are pursuing some capital appreciation and can tolerate the market fluctuations associated with both stock and bond investments. Please note: The fund's tax-efficiency goal may not always be met.
Vanguard Tax-Managed Balanced Fund Admiral Shares is most often compared with the following Financial Services names: