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Vanguard Market Neutral Fund Investor Shares (VMNFX)

12.13
Net Asset Value
-0.08%
1 Day
-2.10%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.46%
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+0.92% 3 years+2.23%
3 months-0.65% 5 years+3.32%
1 year-0.92% Since inception+2.92%
Data through --

Peer Comparisonvs. Market neutral

 VMNFXCategory
Performance 5-yr return+3.32%+0.93%
Expense ratio1.46%1.63%
Risk 5 year sharpe ratio0.640.36
Net assets$2.2B$428.6M
Average market cap$4.8B$32.2B
Average P/E16.218.7
Portfolio turnover64%64%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureJames Stetler / 4 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

U.S. stock94.16%
Cash3.45%
International stock2.39%
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
EPE EP Energy Corp0.55%
HPT Hospitality Properties Trust0.55%
JBLU JetBlue Airways Corp0.54%
SPTN SpartanNash Co0.54%
JPM JPMorgan Chase0.54%
AZPN Aspen Technology Inc0.54%
AMD Advanced Micro Devices Inc0.53%
FITB Fifth Third Bancorp0.53%
WNC Wabash National Corp0.53%
ALK Alaska Air Group Inc0.53%