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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+1.15% 3 years+6.11%
3 months+2.09% 5 years+4.94%
1 year+6.33% Since inception+3.20%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+4.94%+1.41%
Expense ratio1.64%1.67%
Risk 5 year sharpe ratio1.140.13
Net assets$954.7M$422.5M
Average market cap$3.7B$23.8B
Average P/E14.718.8
Portfolio turnover73%73%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureJames Troyer / 8 Years
Minimal initial investment$250,000.00
Minimum IRA investment--


U.S. stock0.00%
International 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
RL Ralph Lauren Corp8.75%
CALM Cal-Maine Foods Inc8.74%
EXAM ExamWorks Group Inc8.58%
CHMT Chemtura Corp8.55%
COTY Coty Inc8.54%
SWN Southwestern Energy Co8.48%
WGL WGL Holdings Inc8.48%
YHOO Yahoo!8.48%
HA Hawaiian Holdings Inc8.48%
GLW Corning8.47%

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