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Name

As of 06/05/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Tax-Managed Small-Cap Fund

VTMSX | Fund

$112.63

$10.7 B

1.49%

$1.69

0.05%

Vitals

YTD Return

15.0%

1 yr return

29.9%

3 Yr Avg Return

13.1%

5 Yr Avg Return

5.4%

Net Assets

$10.7 B

Holdings in Top 10

5.0%

52 WEEK LOW AND HIGH

$114.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/05/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Tax-Managed Small-Cap Fund

VTMSX | Fund

$112.63

$10.7 B

1.49%

$1.69

0.05%

VTMSX - Profile

Distributions

  • YTD Total Return 15.0%
  • 3 Yr Annualized Total Return 13.1%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Vanguard Tax-Managed Small-Cap Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Apr 14, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Admiral
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Coleman

Fund Description

The Fund employs an indexing investment approach designed to track the performance of the S&P SmallCap 600® Index (the “Target Index”), which is made up of common stocks of small-capitalization U.S. companies. The Fund uses statistical methods to samplethe Target Index, meaning that it holds a range of securities that, in the aggregate, approximates other characteristics and the performance of the Target Index, while seeking to achieve capital gains and income tax efficiency.Under normal circumstances,the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in small-cap stocks. For purposes of the 80% policy, small-cap stocks generally will be within the capitalization range of the companies included in the Fund’s Target Index, S&P SmallCap 600 Index.
Read More

VTMSX - Performance

Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -5.0% 32.3% 27.31%
1 Yr 29.9% -3.6% 59.1% 39.84%
3 Yr 13.1%* 0.0% 23.2% 59.34%
5 Yr 5.4%* -6.1% 27.9% 56.16%
10 Yr 10.5%* 2.0% 15.0% 37.67%

* Annualized

Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%)
2025 4.5% -59.8% 21.0% 38.32%
2024 7.0% -45.8% 22.7% 35.04%
2023 14.1% -19.9% 29.0% 48.87%
2022 -17.4% -59.3% 118.2% 26.76%
2021 25.6% -27.4% 39.3% 6.93%

Total Return Ranking - Trailing

Period VTMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -5.0% 32.3% 27.31%
1 Yr 29.9% -3.6% 59.1% 39.84%
3 Yr 13.1%* 0.0% 23.2% 59.34%
5 Yr 5.4%* -6.1% 27.9% 56.16%
10 Yr 10.5%* 2.0% 15.0% 37.67%

* Annualized

Total Return Ranking - Calendar

Period VTMSX Return Category Return Low Category Return High Rank in Category (%)
2025 5.9% -7.3% 22.4% 66.80%
2024 8.6% -14.7% 32.4% 73.36%
2023 15.9% -7.1% 31.8% 59.18%
2022 -16.1% -45.2% 123.7% 42.32%
2021 27.1% 0.0% 45.6% 24.37%

NAV & Total Return History

VTMSX - Holdings

Concentration Analysis

VTMSX Category Low Category High VTMSX % Rank
Net Assets 10.7 B 811 K 183 B 4.30%
Number of Holdings 605 2 2429 25.61%
Net Assets in Top 10 485 M 164 K 14 B 13.52%
Weighting of Top 10 5.02% 3.9% 110.2% 97.12%

Top 10 Holdings

  1. EASTMAN CHEMICAL 0.62%
  2. FORMFACTOR INC 0.53%
  3. CELANESE CORP 0.51%
  4. ELEMENT SOLUTION 0.50%
  5. VIAVI SOLUTIONS 0.49%
  6. LKQ CORP 0.49%
  7. ESCO TECH INC 0.48%
  8. ARMSTRONG WORLD 0.47%
  9. SANMINA CORP 0.46%
  10. AIR LEASE C 0.46%

Asset Allocation

Weighting Return Low Return High VTMSX % Rank
Stocks 		99.71% 4.13% 107.43% 7.38%
Cash 		0.29% 0.00% 33.56% 87.09%
Other 		0.00% -0.09% 55.42% 35.25%
Preferred Stocks 		0.00% 0.00% 2.27% 37.50%
Convertible Bonds 		0.00% 0.00% 3.17% 37.58%
Bonds 		0.00% 0.00% 148.81% 43.24%

Stock Sector Breakdown

Weighting Return Low Return High VTMSX % Rank
Financial Services 		16.89% 0.00% 34.45% 28.63%
Industrials 		15.41% 8.23% 37.42% 65.15%
Technology 		12.59% 0.00% 43.95% 74.07%
Consumer Cyclical 		11.56% 0.99% 47.79% 46.06%
Healthcare 		11.52% 0.00% 26.53% 64.73%
Real Estate 		9.38% 0.00% 29.43% 19.29%
Energy 		6.59% 0.00% 37.72% 38.80%
Basic Materials 		5.77% 0.00% 16.91% 28.42%
Consumer Defense 		5.19% 0.00% 18.87% 22.61%
Communication Services 		2.99% 0.00% 14.85% 42.74%
Utilities 		2.11% 0.00% 18.58% 58.09%

Stock Geographic Breakdown

Weighting Return Low Return High VTMSX % Rank
US 		99.71% 0.00% 107.43% 7.38%
Non US 		0.00% 0.00% 98.75% 48.36%

VTMSX - Expenses

Operational Fees

VTMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.05% 0.02% 18.26% 97.32%
Management Fee 0.04% 0.00% 1.25% 4.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

VTMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VTMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VTMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 1.00% 314.00% 4.33%

VTMSX - Distributions

Dividend Yield Analysis

VTMSX Category Low Category High VTMSX % Rank
Dividend Yield 1.49% 0.00% 42.47% 33.61%

Dividend Distribution Analysis

VTMSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

VTMSX Category Low Category High VTMSX % Rank
Net Income Ratio 1.22% -2.40% 2.49% 5.39%

Capital Gain Distribution Analysis

VTMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VTMSX - Fund Manager Analysis

Managers

William Coleman

Start Date

Tenure

Tenure Rank

Apr 08, 2016

6.15

6.2%

William A. Coleman, CFA, Portfolio Manager at Vanguard. He has worked in investment management since joining Vanguard in 2006 and has co-managed the Conservative Allocation and Moderate Allocation Portfolios since 2013. Education: B.S., King’s College; M.S., Saint Joseph’s University.

Donald Butler

Start Date

Tenure

Tenure Rank

Apr 08, 2016

6.15

6.2%

Donald M. Butler, CFA, Principal of Vanguard. He has been with Vanguard since 1992; has managed investment portfolios since 1997; and has co-managed the Tax-Managed Capital Appreciation Fund, Tax-Managed Small-Cap Fund, and the stock portion of the Tax-Managed Balanced Fund since 2016. Education: B.S.B.A., Shippensburg University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.09 0.54

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