Vanguard Market Neutral Fund Investor (VMNFX)
14.88
+0.12
(+0.81%)
USD |
Apr 01 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.40% | 408.42M | -- | 104.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -38.76M | 16.09% |
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:
48
-5.696M
Peer Group Low
166.97M
Peer Group High
1 Year
% Rank:
94
-38.76M
-108.99M
Peer Group Low
1.534B
Peer Group High
3 Months
% Rank:
43
-30.54M
Peer Group Low
190.98M
Peer Group High
3 Years
% Rank:
80
-622.97M
Peer Group Low
2.643B
Peer Group High
6 Months
% Rank:
50
-61.82M
Peer Group Low
949.25M
Peer Group High
5 Years
% Rank:
94
-1.083B
Peer Group Low
2.769B
Peer Group High
YTD
% Rank:
36
-25.61M
Peer Group Low
204.85M
Peer Group High
10 Years
% Rank:
99
-796.39M
Peer Group Low
9.090B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 02, 2026.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 96.72% |
| Stock | 0.04% |
| Bond | 0.00% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 3.24% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD CASH
|
96.49% | -- | -- |
|
VANGUARD MARKET LIQUIDITY FUND
|
2.79% | -- | -- |
| REGENXBIO, Inc. | 0.90% | 8.63 | 2.98% |
| Constellium SE | 0.88% | 27.32 | 11.15% |
| Freeport-McMoRan, Inc. | 0.88% | 61.20 | 4.12% |
| MGIC Investment Corp. | 0.86% | 26.26 | 0.04% |
| Expedia Group, Inc. | 0.86% | 227.67 | -1.39% |
| Travel + Leisure Co. | 0.86% | 71.44 | 3.25% |
| Tutor Perini Corp. | 0.85% | 78.71 | 1.97% |
| MasTec, Inc. | 0.85% | 333.79 | 3.75% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.17% |
| Administration Fee | 648.0K% |
| 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 |
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 (3-31-26) | 3.30% |
| 30-Day SEC Yield (2-28-26) | 2.96% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 504 |
Fund Details
| Key Dates | |
| Inception Date | 11/11/1998 |
| Share Classes | |
| VMNIX | Inst |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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. |