Summary
Vanguard Tax-Managed Balanced Fund Admiral Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 4,976. The ten largest make up 17% of the fund.
- Yearly costs
- 0.05%
- Fund size
- $12.0B
- Positions
- 4,976
- Dividend yield
- 2.22%
- Running since
- 1994
What speaks for it
- Costs of 0.05% a year are below the middle of comparable funds (0.24%).
- Widely spread: the ten largest positions make up only 17% of the fund.
- A large fund with $12.0B under management.
- Average yearly growth over the last ten years: 6.3%.
- It has been running since 1994.
What to watch
Nothing here calls for caution.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- 0.0%
- 3 months
- +0.5%
- This year
- +3.4%
- 1 year
- +3.5%
- 3 years
- +36%
- 5 years
- +22%
- 10 years
- +84%
- Avg. market cap
- $2.47T
- P/E
- 26.2x
- Forward P/E
- 23.6x
- P/S
- 6.2x
- P/B
- 7.7x
- P/FCF
- 34.7x
- EV/EBITDA
- 19.8x
- Dividend yield
- 0.66%
- ROIC
- 28.1%
- ROE
- 59.9%
- Gross margin
- 59.3%
- Operating margin
- 35.1%
- Net margin
- 33.3%
- Payout ratio
- 17.2%
- Net debt/EBITDA
- 0.5x
- Beta
- 0.82
Weighted average of the 50 largest companies, which make up 28% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 NVNvidia NVDA 3.6%
- 2 AAApple AAPL 3.2%
- 3 MSMicrosoft MSFT 2.6%
- 4 AMAmazon AMZN 1.6%
- 5 GOAlphabet GOOGL 1.3%
- 6 AVBroadcom AVGO 1.1%
- 7 GOAlphabet GOOG 1.1%
- 8 MEMeta META 1.1%
- 9 MUMicron MU 0.8%
- 10 TSTesla TSLA 0.7%
Positions in the fund: 4,976. The ten largest make up 17% of it.
Composition as of Oct 24, 2026.
Where is it spread?
Spread outBy sector
- Technology 39%
- Financials 11%
- Communication services 9.7%
- Healthcare 9.6%
- Consumer cyclical 8.9%
- Other 22%
By country
- United States 47%
- Ireland 0.5%
- United Kingdom 0.3%
- Switzerland 0.2%
- Other countries 52%
Largest sector: Technology (39%). Largest country: United States (47%).
What does it cost me?
Cheap- A year from $10,000
- $5.00
- Over 20 years
- $252
From every $10,000 invested the fund takes $5.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $252.
How has it done?
Growing over the long run- A year on average, 10 years
- +6.3%
- Deepest drop
- -19%
- Yearly volatility
- 7.1%
Average yearly growth over the last ten years: 6.3%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.22%
- Payments a year
- 4
- Last payment
- $0.30
Over the last 12 months it paid $1.13 per share, which is 2.22% of today's price. The last payment was $0.30 on Sep 28, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.2
- Average Bulios Score
- 73 out of 100
Weight by Bulios Fair Price
- Undervalued 7.1%
- Fairly valued 2.4%
- Overvalued 90%
On average the companies inside trade for 26.2 times their yearly profit. By Fair Price, 90% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 28% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IW IWB iShares Russell 1000 ETF | United States | 0.15% | $48.4B | +12% | Pays out | 43% |
VT VTI Vanguard Total Stock Market Index Fund | United States | 0.03% | $2.30T | +12% | Pays out | 43% |
VU VUS.TO Vanguard U.S. Total Market Index ETF (CAD-hedged) | Canada | 0.15% | $1.01B | +9.5% | Pays out | 43% |
VU VUN.TO Vanguard U.S. Total Market Index ETF | Canada | 0.16% | $14.2B | +12% | Pays out | 43% |
SC SCHB Schwab U.S. Broad Market ETF | United States | 0.03% | $44.4B | +12% | Pays out | 43% |
VG VGS.AX Vanguard MSCI Index International Shares ETF | Australia | 0.18% | $9.51B | +4.3% | Pays out | 42% |
