Vanguard Market Neutral Fund Investor (VMNFX)
17.03
+0.23
(+1.37%)
USD |
Oct 05 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.95% | 578.02M | -- | 108.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 129.13M | 27.30% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The Fund follows a market neutral strategy, which the Fund defines as a strategy designed to produce a portfolio that is neutral with respect to general stock market risk sometimes referred to as beta neutrality. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Vanguard |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
99
-73.21M
Peer Group Low
270.38M
Peer Group High
1 Year
% Rank:
42
129.13M
-58.87M
Peer Group Low
967.96M
Peer Group High
3 Months
% Rank:
76
-5.035M
Peer Group Low
492.38M
Peer Group High
3 Years
% Rank:
90
-261.29M
Peer Group Low
2.506B
Peer Group High
6 Months
% Rank:
32
-117.01M
Peer Group Low
820.76M
Peer Group High
5 Years
% Rank:
75
-201.46M
Peer Group Low
2.660B
Peer Group High
YTD
% Rank:
32
-32.08M
Peer Group Low
1.026B
Peer Group High
10 Years
% Rank:
99
-1.346B
Peer Group Low
9.886B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 06, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 95.41% |
| Stock | 0.97% |
| Bond | 0.00% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 3.62% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
95.41% | -- | -- |
|
Vanguard Market Liquidity Fund
|
3.62% | -- | -- |
| Lam Research Corp. | 0.92% | 333.83 | -3.46% |
| MaxLinear, Inc. | 0.87% | 109.28 | 3.60% |
| Southwest Airlines Co. | 0.86% | 42.45 | 1.43% |
| Happen, Inc. | 0.86% | 15.34 | -0.74% |
| Extreme Networks, Inc. | 0.84% | 24.54 | 5.19% |
| PENN Entertainment, Inc. | 0.80% | 15.90 | 5.33% |
| Slide Insurance Holdings, Inc. | 0.79% | 23.90 | -0.99% |
| Sarepta Therapeutics, Inc. | 0.77% | 17.32 | -0.97% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.16% |
| Administration Fee | 447000.0 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 50000.00 None |
| Minimum Subsequent Investment | 1.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The Fund follows a market neutral strategy, which the Fund defines as a strategy designed to produce a portfolio that is neutral with respect to general stock market risk sometimes referred to as beta neutrality. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Vanguard |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (10-5-26) | 2.88% |
| 30-Day SEC Yield (8-31-26) | 2.87% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 616 |
Fund Details
| Key Dates | |
| Inception Date | 11/11/1998 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 4/28/2026 |
| Share Classes | |
| VMNIX | Inst |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:VMNFX", "name") |
| Broad Asset Class: =YCI("M:VMNFX", "broad_asset_class") |
| Broad Category: =YCI("M:VMNFX", "broad_category_group") |
| Prospectus Objective: =YCI("M:VMNFX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |