Vanguard Market Neutral Fund Investor Shares (VMNFX)

11.47
Net Asset Value
+0.09%
1 Day
-0.26%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.64%
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+0.26% 3 years+4.25%
3 months-0.09% 5 years+3.27%
1 year+0.26% Since inception+2.87%
Data through --

Peer Comparisonvs. Market neutral

 VMNFXCategory
Performance 5-yr return+3.27%+1.09%
Expense ratio1.64%1.75%
Risk 5 year sharpe ratio0.810.15
Net assets$376.8M$552.2M
Average market cap$5.0B$36.3B
Average P/E15.320.3
Portfolio turnover73%73%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureJames Troyer / 7 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

U.S. stock89.03%
Cash78.30%
Fixed income12.24%
International stock0.00%
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
DPLO Diplomat Pharmacy Inc25.31%
HA Hawaiian Holdings Inc25.06%
MTH Meritage Homes Corp24.94%
CNC Centene Corp24.81%
BECN Beacon Roofing Supply Inc24.48%
JBLU JetBlue Airways Corp24.42%
SIG Signet Jewelers Ltd24.36%
LEAF Springleaf Holdings Inc24.05%
INCR INC Research Holdings Inc23.99%
ABMD Abiomed Inc23.97%

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