VANGUARD TAX-MANAGED BALANCED FUND

Fund Profile

Fund profile

Tickers

VTMFX

Fund manager

Vanguard Tax-managed Funds

Total assets

$8.12 bn

Liabilities

$25.03 mm

Net assets

$8.09 bn

Number of holdings

3.57 k

Top 200 of 3570 Holdings

As of Mar 2023

Security	$Holding	Balance	% of Fund	Category	Position	Country
AAPL Apple Inc	255.06 mm	1.55 mm shares	3.15	Common equity	Long	USA
MSFT Microsoft Corporation	221.27 mm	767.49 k shares	2.73	Common equity	Long	USA
AMZN Amazon.com Inc.	88.35 mm	855.37 k shares	1.09	Common equity	Long	USA
NVDA NVIDIA Corp	70.26 mm	252.96 k shares	0.87	Common equity	Long	USA
GOOG Alphabet Inc	66.21 mm	638.30 k shares	0.82	Common equity	Long	USA
BRK.A Berkshire Hathaway Inc.	60.75 mm	196.76 k shares	0.75	Common equity	Long	USA
TSLA Tesla Inc	56.75 mm	273.57 k shares	0.70	Common equity	Long	USA
GOOG Alphabet Inc	56.42 mm	542.55 k shares	0.70	Common equity	Long	USA
META Meta Platforms Inc	47.58 mm	224.49 k shares	0.59	Common equity	Long	USA
UNH Unitedhealth Group Inc	43.19 mm	91.40 k shares	0.53	Common equity	Long	USA
XOM Exxon Mobil Corp.	41.08 mm	374.57 k shares	0.51	Common equity	Long	USA
JNJ Johnson & Johnson	39.65 mm	255.81 k shares	0.49	Common equity	Long	USA
JPM JPMorgan Chase & Co.	38.42 mm	294.85 k shares	0.47	Common equity	Long	USA
V Visa Inc	38.30 mm	169.86 k shares	0.47	Common equity	Long	USA
PG Procter & Gamble Co.	36.74 mm	247.10 k shares	0.45	Common equity	Long	USA
MA Mastercard Incorporated	31.59 mm	86.93 k shares	0.39	Common equity	Long	USA
HD Home Depot, Inc.	30.79 mm	104.33 k shares	0.38	Common equity	Long	USA
CVX Chevron Corp.	29.06 mm	178.10 k shares	0.36	Common equity	Long	USA
LLY Lilly(Eli) & Co	28.90 mm	84.16 k shares	0.36	Common equity	Long	USA
SHELBY CO HLTH & ED-B	28.87 mm	28.87 mm principal	0.36	Debt	Long	USA
ABBV Abbvie Inc	27.39 mm	171.84 k shares	0.34	Common equity	Long	USA
MRK Merck & Co Inc	26.65 mm	250.53 k shares	0.33	Common equity	Long	USA
PEP PepsiCo Inc	24.95 mm	136.88 k shares	0.31	Common equity	Long	USA
TMO Thermo Fisher Scientific Inc.	23.70 mm	41.13 k shares	0.29	Common equity	Long	USA
COST Costco Wholesale Corp	23.68 mm	47.65 k shares	0.29	Common equity	Long	USA
Broadcom Pte. Ltd.	23.53 mm	36.67 k shares	0.29	Common equity	Long	USA
BAC Bank Of America Corp.	22.97 mm	803.07 k shares	0.28	Common equity	Long	USA
KO Coca-Cola Co	22.49 mm	362.57 k shares	0.28	Common equity	Long	USA
CSCO Cisco Systems, Inc.	22.12 mm	423.07 k shares	0.27	Common equity	Long	USA
MCD McDonald`s Corp	21.32 mm	76.24 k shares	0.26	Common equity	Long	USA
WMT Walmart Inc	21.05 mm	142.75 k shares	0.26	Common equity	Long	USA
PFE Pfizer Inc.	20.74 mm	508.31 k shares	0.26	Common equity	Long	USA
CRM Salesforce Inc	20.46 mm	102.43 k shares	0.25	Common equity	Long	USA
JPM-PUTTERS-MIZ9118	20.30 mm	20.30 mm principal	0.25	Debt	Long	USA
MSCI MSCI Inc	19.22 mm	49.87 k shares	0.24	Common equity	Long	USA
ACN Accenture plc	19.11 mm	66.86 k shares	0.24	Common equity	Long	USA
LINDE PLC	17.85 mm	50.22 k shares	0.22	Common equity	Long	USA
ABT Abbott Laboratories	17.81 mm	175.88 k shares	0.22	Common equity	Long	USA
AMD Advanced Micro Devices Inc.	17.32 mm	176.68 k shares	0.21	Common equity	Long	USA
DHR Danaher Corp.	17.17 mm	68.12 k shares	0.21	Common equity	Long	USA
TXN Texas Instruments Inc.	16.80 mm	90.32 k shares	0.21	Common equity	Long	USA
VANGUARD TAX-EXM	16.72 mm	330.00 k shares	0.21	Common equity	Long	USA
NFLX Netflix Inc.	16.40 mm	47.46 k shares	0.20	Common equity	Long	USA
NEE NextEra Energy Inc	16.37 mm	212.42 k shares	0.20	Common equity	Long	USA
NKE Nike, Inc.	16.31 mm	133.01 k shares	0.20	Common equity	Long	USA
CMCSA Comcast Corp	16.28 mm	429.33 k shares	0.20	Common equity	Long	USA
ORCL Oracle Corp.	15.34 mm	165.13 k shares	0.19	Common equity	Long	USA
LOW Lowe`s Cos., Inc.	15.23 mm	76.15 k shares	0.19	Common equity	Long	USA
QCOM Qualcomm, Inc.	14.86 mm	116.45 k shares	0.18	Common equity	Long	USA
BLACK BELT ENERGY GAS	14.31 mm	13.59 mm principal	0.18	Debt	Long	USA
Walt Disney Co	14.30 mm	142.79 k shares	0.18	Common equity	Long	USA
WFC Wells Fargo & Co.	14.24 mm	380.90 k shares	0.18	Common equity	Long	USA
UPS United Parcel Service, Inc.	14.22 mm	73.30 k shares	0.18	Common equity	Long	USA
INTU Intuit Inc	14.11 mm	31.65 k shares	0.17	Common equity	Long	USA
HON Honeywell International Inc	13.50 mm	70.63 k shares	0.17	Common equity	Long	USA
SPGI S&P Global Inc	13.31 mm	38.61 k shares	0.16	Common equity	Long	USA
DE Deere & Co.	13.21 mm	32.00 k shares	0.16	Common equity	Long	USA
UNP Union Pacific Corp.	13.15 mm	65.31 k shares	0.16	Common equity	Long	USA
RTX Raytheon Technologies Corporation	12.94 mm	132.14 k shares	0.16	Common equity	Long	USA
AMGN AMGEN Inc.	12.89 mm	53.33 k shares	0.16	Common equity	Long	USA
MS Morgan Stanley	12.66 mm	144.24 k shares	0.16	Common equity	Long	USA
BA Boeing Co.	12.64 mm	59.49 k shares	0.16	Common equity	Long	USA
TMUS T-Mobile US Inc	12.54 mm	86.60 k shares	0.15	Common equity	Long	USA
LMT Lockheed Martin Corp.	12.47 mm	26.37 k shares	0.15	Common equity	Long	USA
Prologis, L.P.	12.39 mm	99.32 k shares	0.15	Common equity	Long	USA
CAT Caterpillar Inc.	12.13 mm	53.02 k shares	0.15	Common equity	Long	USA
SBUX Starbucks Corp.	12.00 mm	115.24 k shares	0.15	Common equity	Long	USA
IBM International Business Machines Corp.	11.91 mm	90.84 k shares	0.15	Common equity	Long	USA
INTC Intel Corp.	11.43 mm	349.87 k shares	0.14	Common equity	Long	USA
AMAT Applied Materials Inc.	11.40 mm	92.84 k shares	0.14	Common equity	Long	USA
GS Goldman Sachs Group, Inc.	11.11 mm	33.96 k shares	0.14	Common equity	Long	USA
BMY Bristol-Myers Squibb Co.	11.08 mm	159.88 k shares	0.14	Common equity	Long	USA
VZ Verizon Communications Inc	11.01 mm	283.06 k shares	0.14	Common equity	Long	USA
COP Conoco Phillips	10.93 mm	110.13 k shares	0.13	Common equity	Long	USA
ELV Elevance Health Inc	10.84 mm	23.57 k shares	0.13	Common equity	Long	USA
PM Philip Morris International Inc	10.81 mm	111.17 k shares	0.13	Common equity	Long	USA
AXP American Express Co.	10.57 mm	64.08 k shares	0.13	Common equity	Long	USA
MDLZ Mondelez International Inc.	10.44 mm	149.78 k shares	0.13	Common equity	Long	USA
BKNG Booking Holdings Inc	10.16 mm	3.83 k shares	0.13	Common equity	Long	USA
GE General Electric Co.	10.13 mm	105.98 k shares	0.13	Common equity	Long	USA
JPM-PUTTERS-XM1102	10.08 mm	10.08 mm principal	0.12	Debt	Long	USA
MARYLAND ST-B-REF	9.93 mm	9.38 mm principal	0.12	Debt	Long	USA
ISRG Intuitive Surgical Inc	9.83 mm	38.47 k shares	0.12	Common equity	Long	USA
Cigna Holding Co	9.65 mm	37.76 k shares	0.12	Common equity	Long	USA
MAIN ST NAT GAS INC-B	9.62 mm	9.09 mm principal	0.12	Debt	Long	USA
TNDR OPT-FLTR-030	9.54 mm	9.54 mm principal	0.12	Debt	Long	USA
ADP Automatic Data Processing Inc.	9.52 mm	42.77 k shares	0.12	Common equity	Long	USA
PGR Progressive Corp.	9.38 mm	65.57 k shares	0.12	Common equity	Long	USA
RESTRUCTURED-SER A-2	9.30 mm	10.22 mm principal	0.11	Debt	Long	USA
KY PUB ENERGY-A	9.23 mm	9.22 mm principal	0.11	Debt	Long	USA
REGN Regeneron Pharmaceuticals, Inc.	9.20 mm	11.20 k shares	0.11	Common equity	Long	USA
NYC TRANSITIONAL FIN	9.15 mm	8.00 mm principal	0.11	Debt	Long	USA
BLK Blackrock Inc.	9.07 mm	13.56 k shares	0.11	Common equity	Long	USA
MDT Medtronic Plc	9.02 mm	111.86 k shares	0.11	Common equity	Long	USA
SYK Stryker Corp.	8.99 mm	31.50 k shares	0.11	Common equity	Long	USA
ZTS Zoetis Inc	8.95 mm	53.75 k shares	0.11	Common equity	Long	USA
ADI Analog Devices Inc.	8.91 mm	45.18 k shares	0.11	Common equity	Long	USA
GILD Gilead Sciences, Inc.	8.90 mm	107.23 k shares	0.11	Common equity	Long	USA
AON Aon plc	8.89 mm	28.19 k shares	0.11	Common equity	Long	USA
GM General Motors Company	8.80 mm	239.99 k shares	0.11	Common equity	Long	USA
FISV Fiserv, Inc.	8.78 mm	77.70 k shares	0.11	Common equity	Long	USA
VRTX Vertex Pharmaceuticals, Inc.	8.74 mm	27.73 k shares	0.11	Common equity	Long	USA
CVS CVS Health Corp	8.73 mm	117.45 k shares	0.11	Common equity	Long	USA
NOW ServiceNow Inc	8.57 mm	18.43 k shares	0.11	Common equity	Long	USA
MN PUB FACS AUTH-A	8.56 mm	8.00 mm principal	0.11	Debt	Long	USA
AMT American Tower Corp.	8.53 mm	41.74 k shares	0.11	Common equity	Long	USA
TJX TJX Companies, Inc.	8.49 mm	108.32 k shares	0.10	Common equity	Long	USA
NY ST DORM AUTH-E-REF	8.47 mm	8.00 mm principal	0.10	Debt	Long	USA
MNST Monster Beverage Corp.	8.46 mm	156.65 k shares	0.10	Common equity	Long	USA
T AT&T, Inc.	8.45 mm	439.13 k shares	0.10	Common equity	Long	USA
MMC Marsh & McLennan Cos., Inc.	8.45 mm	50.71 k shares	0.10	Common equity	Long	USA
PENNSYLVANIA ST-1ST	8.35 mm	8.00 mm principal	0.10	Debt	Long	USA
TGT Target Corp	8.34 mm	50.36 k shares	0.10	Common equity	Long	USA
NYC TRAN FIN AUTH-A1	8.17 mm	8.00 mm principal	0.10	Debt	Long	USA
PYPL PayPal Holdings Inc	8.12 mm	106.95 k shares	0.10	Common equity	Long	USA
PTSI P.A.M. Transportation Services, Inc.	8.08 mm	133.85 k shares	0.10	Common equity	Long	USA
ACGL Arch Capital Group Ltd	8.04 mm	118.53 k shares	0.10	Common equity	Long	USA
CENTRL PLAINS ENERGY	8.04 mm	8.02 mm principal	0.10	Debt	Long	USA
BLACK BELT ENERGY GAS	7.99 mm	8.10 mm principal	0.10	Debt	Long	USA
CB Chubb Limited	7.93 mm	40.83 k shares	0.10	Common equity	Long	USA
EL PASO-A-REV	7.86 mm	7.00 mm principal	0.10	Debt	Long	USA
CA CMNTY CHOICE FING	7.73 mm	7.35 mm principal	0.10	Debt	Long	USA
CL Colgate-Palmolive Co.	7.65 mm	101.74 k shares	0.09	Common equity	Long	USA
ENERGY NW-A-REF	7.60 mm	7.20 mm principal	0.09	Debt	Long	USA
HCA HCA Healthcare Inc	7.51 mm	28.49 k shares	0.09	Common equity	Long	USA
ITW Illinois Tool Works, Inc.	7.48 mm	30.73 k shares	0.09	Common equity	Long	USA
SLB SLB	7.36 mm	149.82 k shares	0.09	Common equity	Long	USA
CSX CSX Corp.	7.32 mm	244.33 k shares	0.09	Common equity	Long	USA
SUMNER CO TN-REF	7.27 mm	7.25 mm principal	0.09	Debt	Long	USA
C Citigroup Inc	7.27 mm	155.02 k shares	0.09	Common equity	Long	USA
LRCX Lam Research Corp.	7.26 mm	13.70 k shares	0.09	Common equity	Long	USA
CDNS Cadence Design Systems, Inc.	7.25 mm	34.51 k shares	0.09	Common equity	Long	USA
BSX Boston Scientific Corp.	7.25 mm	144.84 k shares	0.09	Common equity	Long	USA
CALIFORNIA ST HLTH-C	7.23 mm	6.25 mm principal	0.09	Debt	Long	USA
KR Kroger Co.	7.20 mm	145.76 k shares	0.09	Common equity	Long	USA
DVN Devon Energy Corp.	7.19 mm	141.99 k shares	0.09	Common equity	Long	USA
EQIX Equinix Inc	7.15 mm	9.92 k shares	0.09	Common equity	Long	USA
MET TRANSPRTN AUTH NY	7.12 mm	7.00 mm principal	0.09	Debt	Long	USA
MASSACHUSETTS CMWLTH-	7.12 mm	6.00 mm principal	0.09	Debt	Long	USA
APD Air Products & Chemicals Inc.	7.10 mm	24.73 k shares	0.09	Common equity	Long	USA
SO Southern Company	7.05 mm	101.39 k shares	0.09	Common equity	Long	USA
ECLIPSE-SOLAR-17-0048	7.04 mm	7.04 mm principal	0.09	Debt	Long	USA
RESTRUCTURED-SER A1	7.01 mm	6.71 mm principal	0.09	Debt	Long	USA
SOUTHEAST ENERGY AUTH	7.01 mm	6.80 mm principal	0.09	Debt	Long	USA
COF Capital One Financial Corp.	6.98 mm	72.57 k shares	0.09	Common equity	Long	USA
TENNERGY CORP-A	6.93 mm	7.04 mm principal	0.09	Debt	Long	USA
ORLY O`Reilly Automotive, Inc.	6.88 mm	8.10 k shares	0.08	Common equity	Long	USA
HUM Humana Inc.	6.88 mm	14.16 k shares	0.08	Common equity	Long	USA
SCHW Charles Schwab Corp.	6.86 mm	130.90 k shares	0.08	Common equity	Long	USA
CENTRL UTAH WTR DT-A	6.83 mm	6.05 mm principal	0.08	Debt	Long	USA
SNPS Synopsys, Inc.	6.82 mm	17.65 k shares	0.08	Common equity	Long	USA
NEW YORK NY-B-1	6.77 mm	6.64 mm principal	0.08	Debt	Long	USA
CCI Crown Castle Inc	6.72 mm	50.18 k shares	0.08	Common equity	Long	USA
SHW Sherwin-Williams Co.	6.69 mm	29.77 k shares	0.08	Common equity	Long	USA
AME Ametek Inc	6.69 mm	46.01 k shares	0.08	Common equity	Long	USA
S E AL GAS DIST-A	6.68 mm	6.68 mm principal	0.08	Debt	Long	USA
KY PUB ENERGY AUTH-B	6.65 mm	6.66 mm principal	0.08	Debt	Long	USA
ATVI Activision Blizzard Inc	6.64 mm	77.63 k shares	0.08	Common equity	Long	USA
ROP Roper Technologies Inc	6.58 mm	14.93 k shares	0.08	Common equity	Long	USA
BLACK BELT ENERGY GAS	6.57 mm	6.67 mm principal	0.08	Debt	Long	USA
ENERGY NW-A-REF	6.57 mm	5.90 mm principal	0.08	Debt	Long	USA
CA ST DEPT OF WTR	6.55 mm	5.43 mm principal	0.08	Debt	Long	USA
MPC Marathon Petroleum Corp	6.53 mm	48.46 k shares	0.08	Common equity	Long	USA
PANW Palo Alto Networks Inc	6.52 mm	32.65 k shares	0.08	Common equity	Long	USA
ORANGE CNTY FL SCH BR	6.46 mm	6.11 mm principal	0.08	Debt	Long	USA
BIIB Biogen Inc	6.44 mm	23.17 k shares	0.08	Common equity	Long	USA
NOC Northrop Grumman Corp.	6.44 mm	13.95 k shares	0.08	Common equity	Long	USA
OREGON ST DEPT OF ADM	6.43 mm	5.63 mm principal	0.08	Debt	Long	USA
RESTRUCTURED-SER A1	6.35 mm	6.15 mm principal	0.08	Debt	Long	USA
ATLANTA GA	6.33 mm	5.50 mm principal	0.08	Debt	Long	USA
MA CMWLTH-C	6.31 mm	5.53 mm principal	0.08	Debt	Long	USA
MONTGOMERY CNTY-B	6.31 mm	5.73 mm principal	0.08	Debt	Long	USA
EW Edwards Lifesciences Corp	6.29 mm	76.00 k shares	0.08	Common equity	Long	USA
VIRGINIA PUB SCH AUTH	6.28 mm	6.08 mm principal	0.08	Debt	Long	USA
MAIN STREET NAT GAS-C	6.26 mm	6.25 mm principal	0.08	Debt	Long	USA
NEW YORK CITY TRANS	6.25 mm	5.71 mm principal	0.08	Debt	Long	USA
IDXX Idexx Laboratories, Inc.	6.23 mm	12.46 k shares	0.08	Common equity	Long	USA
MAIN STREET NATURAL G	6.22 mm	6.21 mm principal	0.08	Debt	Long	USA
BDX Becton, Dickinson And Co.	6.20 mm	25.04 k shares	0.08	Common equity	Long	USA
SC PUB SVC AUTH-A-REF	6.18 mm	6.47 mm principal	0.08	Debt	Long	USA
OKLAHOMA CITY	6.04 mm	5.61 mm principal	0.07	Debt	Long	USA
PENNSYLVANIA ST	5.98 mm	5.00 mm principal	0.07	Debt	Long	USA
DCO Ducommun Inc.	5.97 mm	61.93 k shares	0.07	Common equity	Long	USA
CME CME Group Inc	5.97 mm	31.18 k shares	0.07	Common equity	Long	USA
MINNESOTA-A	5.95 mm	5.00 mm principal	0.07	Debt	Long	USA
FCX Freeport-McMoRan Inc	5.93 mm	145.07 k shares	0.07	Common equity	Long	USA
MEMPHIS-REF	5.91 mm	5.69 mm principal	0.07	Debt	Long	USA
VIRGINIA PUB BLDG-A	5.91 mm	5.04 mm principal	0.07	Debt	Long	USA
WBD Warner Bros. Discovery Inc	5.88 mm	389.72 k shares	0.07	Common equity	Long	USA
EL Estee Lauder Cos., Inc.	5.87 mm	23.83 k shares	0.07	Common equity	Long	USA
CALIFORNIA ST	5.86 mm	5.00 mm principal	0.07	Debt	Long	USA
LONE STAR CLG SYS-REF	5.86 mm	5.50 mm principal	0.07	Debt	Long	USA
UTILITY DEBT SECZ-TE1	5.86 mm	5.00 mm principal	0.07	Debt	Long	USA
MASSACHUSETTS ST DEV	5.86 mm	5.00 mm principal	0.07	Debt	Long	USA
LOS ANGELES CA DEPT O	5.82 mm	5.00 mm principal	0.07	Debt	Long	USA
CALIFORNIA ST-REF	5.81 mm	5.13 mm principal	0.07	Debt	Long	USA
TN ENERGY ACQ CORP-A	5.81 mm	5.57 mm principal	0.07	Debt	Long	USA
BLACK BELT ENERGY GAS	5.81 mm	5.49 mm principal	0.07	Debt	Long	USA
IQV IQVIA Holdings Inc	5.79 mm	29.11 k shares	0.07	Common equity	Long	USA
LULU Lululemon Athletica inc.	5.78 mm	15.88 k shares	0.07	Common equity	Long	USA