VMNVX – Vanguard Global Minimum Volatility Admr Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term capital appreciation with lower volatility relative to the global equity market. The fund invests primarily in U.S. and foreign stocks that are expected to generate lower volatility relative to the global equity market. The portfolio will include a diverse mix of companies located in many different countries and representing many different market sectors and industry groups. It generally will seek to hedge most of its currency exposure back to the U.S. dollar to reduce overall portfolio volatility.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VMVFX	Vanguard Global Minimum Volatility Fund Investor Shares	No Load	Open			Dec 12, 2013	$233.90M	0.210%	Low	$3,000	−$24.22M
VMNVX	Vanguard Global Minimum Volatility Fund Admiral Shares	Institutional	Open			Dec 12, 2013	$1.77B	0.140%	Low	$50,000	−$356.42M

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