Vanguard Market Neutral Inv (VMNFX)
12.22
-0.04
(-0.33%)
USD |
Mar 17 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.31% | 632.93M | 0.76% | 209.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 205.30M | 6.22% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | VMNIX |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Equity Market Neutral |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | Vanguard |
| Prospectus Benchmark Index | |
| FTSE Treasury Bill 3 Mon USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Cesar Orosco | 2.01 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
19
205.30M
-155.60M
Category Low
684.88M
Category High
3 Months
% Rank:
--
--
Category Low
--
Category High
3 Years
% Rank:
--
--
Category Low
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Category High
6 Months
% Rank:
--
--
Category Low
--
Category High
5 Years
% Rank:
--
--
Category Low
--
Category High
YTD
% Rank:
--
--
Category Low
--
Category High
10 Years
% Rank:
--
--
Category Low
--
Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 17, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 17, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United Rentals Inc | 0.97% | 378.37 | 2.24% |
| Atkore Inc | 0.93% | 135.19 | 3.43% |
| GMS Inc | 0.92% | 53.60 | 1.45% |
| Albemarle Corp | 0.90% | 213.20 | 2.26% |
| Applied Industrial Technologies Inc | 0.89% | 133.99 | 1.33% |
| CNO Financial Group Inc | 0.88% | 21.59 | 2.91% |
| Splunk Inc | 0.87% | 89.76 | 0.69% |
| CommScope Holding Co Inc | 0.86% | 6.08 | 0.66% |
| Capri Holdings Ltd | 0.86% | 42.84 | 1.01% |
| Axcelis Technologies Inc | 0.86% | 131.40 | 2.48% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | Upgrade |
| Administration Fee | -- |
| Performance Fee | -- |
| Switching Fee | -- |
| Transaction Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
Basic Info
| Investment Strategy | |
| 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | VMNIX |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Equity Market Neutral |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | Vanguard |
| Prospectus Benchmark Index | |
| FTSE Treasury Bill 3 Mon USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Cesar Orosco | 2.01 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-17-23) | 0.76% |
| 30-Day SEC Yield (3-14-23) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 7.733 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of January 31, 2023
Fund Details
| Key Dates | |
| Inception Date | 11/11/1998 |
| Last Annual Report Date | 12/31/2022 |
| Last Prospectus Date | 2/6/2023 |
| Share Classes | |
| VMNIX | Inst |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |