Vanguard Market Neutral employs the same systematic approach to build both its long and short sleeves, effectively doubling down on its portfolio bets. This has resulted in a performance profile that exhibits significant factor sensitivity. Both share classes retain their Morningstar Analyst Rating of Neutral.
Vanguard Market Neutral I VMNIX
NAV / 1-Day Return
11.51
/
0.44
%
Total Assets
327.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.140%
Expense Ratio
1.120%
Fee Level
Low
Longest Manager Tenure
0.89
years
Category
Equity Market Neutral
Alt Style Correlation / Relative Volatility
Low / MediumMin. Initial Investment
5,000,000
Status
Open
TTM Yield
0.20%
Turnover
172%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VMNIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMNIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VMNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VMNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Doubling down.
