The following is our latest Fund Analyst Report for Vanguard Market Neutral Fund (VMNFX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.
Vanguard Market Neutral stumbled in 2017 as its bias toward cheap companies led to subpar returns, but our confidence in this strategy over the long term hasn't wavered. Management's reasonable quantitative strategy and rock-bottom fees continue to support this fund's Morningstar Analyst Rating of Silver.
Jason Kephart, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.