Vanguard Tax-Managed Small Cap Fund Admiral Shares (VTMSX)

Fund Assets	11.23B
Expense Ratio	0.05%
Min. Investment	$10,000
Turnover	18.00%
Dividend (ttm)	1.42
Dividend Yield	1.17%
Dividend Growth	11.00%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 24, 2026

Previous Close	121.22
YTD Return	24.20%
1-Year Return	35.85%
5-Year Return	42.98%
52-Week Low	91.62
52-Week High	122.88
Beta (5Y)	1.03
Holdings	604
Inception Date	Mar 25, 1999

About VTMSX

This particular offering, part of Vanguard's collection of tax-optimized investments, grants shareholders access to small-capitalization equities. It utilizes an index-tracking strategy to closely mirror its benchmark while simultaneously endeavoring to keep taxable capital gains to a minimum. A key risk factor for this fund arises from its singular focus on smaller companies, a sector of the market recognized for its inherent price fluctuations. This fund is primarily intended for individuals in higher tax brackets with an investment outlook of at least five years and a strong tolerance for risk, serving as a supplementary component within a broader, well-allocated portfolio. Nevertheless, it is crucial to understand that the fund's stated goal of tax efficiency may not always be met.

• Fund Family: Vanguard
• Category: Small Blend
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VTMSX
• Share Class: Admiral Shares
• Index: S&P 600 Small Cap TR

Performance

VTMSX had a total return of 35.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.65%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VTSIX	Institutional Shares	0.03%

Top 10 Holdings

6.34% of assets

Name	Symbol	Weight
Sanmina Corporation	SANM	0.83%
Semtech Corporation	SMTC	0.80%
Lumen Technologies, Inc.	LUMN	0.65%
Viavi Solutions Inc.	VIAV	0.64%
Viasat, Inc.	VSAT	0.63%
FormFactor, Inc.	FORM	0.61%
Element Solutions Inc	ESI	0.56%
Eastman Chemical Company	EMN	0.55%
Enphase Energy, Inc.	ENPH	0.54%
Argan, Inc.	AGX	0.52%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 24, 2026	$0.3608	Jun 25, 2026
Mar 24, 2026	$0.4224	Mar 25, 2026
Dec 23, 2025	$0.3741	Dec 24, 2025
Sep 24, 2025	$0.2643	Sep 25, 2025
Jun 26, 2025	$0.2535	Jun 27, 2025
Mar 25, 2025	$0.3643	Mar 26, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 13, 2026

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