Vanguard Market Neutral Fund Investor Shares (VMNFX)

11.56
Net Asset Value
+0.35%
1 Day
+0.52%
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+1.49% 3 years+3.68%
3 months+0.52% 5 years+3.33%
1 year+1.94% Since inception+2.90%
Data through --

Peer Comparisonvs. Market neutral

 VMNFXCategory
Performance 5-yr return+3.33%+1.25%
Expense ratio1.60%1.71%
Risk 5 year sharpe ratio0.790.14
Net assets$361.2M$573.0M
Average market cap$5.2B$36.6B
Average P/E15.919.9
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. stock96.75%
Cash2.33%
International stock0.92%
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
GBX Greenbrier Company Inc0.58%
MACK Merrimack Pharmaceuticals Inc0.56%
MUSA Murphy USA Inc0.56%
ARRS ARRIS Group Inc0.54%
AWR American States Water Co0.54%
CENX Century Aluminum Co0.53%
JBLU JetBlue Airways Corp0.53%
LUV Southwest Airlines0.53%
NBR Nabors Industries Ltd0.53%
MTOR Meritor Inc0.53%

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