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Vanguard Market Neutral Fund Investor Shares (VMNFX)

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month+2.05% 3 years+2.04%
3 months+0.67% 5 years+3.47%
1 year+0.89% Since inception+2.71%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+3.47%+0.91%
Expense ratio1.60%1.63%
Risk 5 year sharpe ratio0.600.34
Net assets$1.9B$413.1M
Average market cap$5.1B$32.1B
Average P/E17.021.2
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--


International stock36.03%
U.S. stock0.00%
Fixed income0.00%
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
AYI Acuity Brands Inc24.27%
MDR McDermott International Inc23.57%
SUM Summit Materials Inc23.51%
EVHC Envision Healthcare Corp23.50%
FCFS FirstCash Inc23.49%
TVTY Tivity Health Inc23.47%
RLGY Realogy Holdings Corp23.46%
C Citigroup23.45%
HUN Huntsman Corp23.38%
GES Guess? Inc23.38%