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Vanguard Market Neutral Fund Investor Shares (VMNFX)

11.83
Net Asset Value
+0.17%
1 Day
-4.52%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.60%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund follows a market neutral strategy, which the managers define as a strategy designed to produce a portfolio that is neutral with respect to general stock market risk (sometimes referred to as beta neutrality). Beta is a measure of a portfolio's volatility relative to the volatility of the general stock market. The fund, as a whole, does not seek to adhere to any other definition of market neutrality.

Performance

1 month-1.50% 3 years+1.29%
3 months+0.25% 5 years+2.77%
1 year+1.24% Since inception+2.80%
Data through --

Peer Comparisonvs. Market neutral

 VMNFXCategory
Performance 5-yr return+2.77%+0.88%
Expense ratio1.60%1.60%
Risk 5 year sharpe ratio0.550.34
Net assets$2.0B$417.4M
Average market cap$5.1B$36.0B
Average P/E17.020.9
Portfolio turnover64%64%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureJames Stetler / 5 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

U.S. stock96.65%
Cash1.91%
International stock1.43%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 18.50%
Industrial materials 13.92%
Consumer goods 12.61%
Healthcare 9.89%
Consumer service 9.29%
Top 10 Holdings
Portfolio weighting
MDR McDermott International Inc0.58%
TVTY Tivity Health Inc0.58%
C Citigroup0.58%
HUN Huntsman Corp0.58%
CLF Cleveland-Cliffs Inc0.57%
NUS NU Skin Enterprises Inc0.57%
GATX GATX Corp0.57%
FGEN FibroGen Inc0.57%
BAC Bank of America0.57%
EXEL Exelixis Inc0.56%