Vanguard Market Neutral Fund Investor Shares (VMNFX)

11.43
Net Asset Value
-0.17%
1 Day
+3.63%
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 stock's volatility relative to the volatility of the general stock market. The advisor buys equity securities it consider to be undervalued and sells short securities it consider to be overvalued, in amounts that it believes will achieve market neutrality.

Performance

1 month-0.09% 3 years+3.59%
3 months+0.44% 5 years+3.35%
1 year+7.63% Since inception+3.02%
Data through --

Peer Comparisonvs. Market neutral

 VMNFXCategory
Performance 5-yr return+3.35%+1.58%
Expense ratio1.60%1.80%
Risk 5 year sharpe ratio0.870.22
Net assets$254.1M$683.0M
Average market cap$5.1B$36.0B
Average P/E16.117.8
Portfolio turnover68%68%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureJames Troyer / 6 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

U.S. stock92.15%
Cash6.18%
International stock1.66%
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
BBY Best Buy Co Inc0.53%
SM SM Energy Co0.53%
TRN Trinity Industries Inc0.52%
MTDR Matador Resources Co0.52%
CWEI Clayton Williams Energy Inc0.52%
NFLX Netflix Inc0.51%
BKS Barnes & Noble Inc0.51%
BPOP Popular Inc0.51%
Q Quintiles Transnational Holdings Inc0.51%
KOS Kosmos Energy Ltd0.51%

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