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Vanguard Market Neutral Inv VMNFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
9.93  /  0.40 %
Total Assets
292.4 Mil
Adj. Expense Ratio
0.200%
Expense Ratio
1.180%
Fee Level
Low
Longest Manager Tenure
5.40 years
Category
Equity Market Neutral
Alt Style Correlation / Relative Volatility
Low / Medium
Min. Initial Investment
50,000
Status
Open
TTM Yield
0.53%
Turnover
172%

USD | NAV as of Sep 22, 2021 | 1-Day Return as of Sep 22, 2021, 10:03 PM GMT+00:00

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Morningstar’s Analysis

Will VMNFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMNFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the VMNFX 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

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The Parent Pillar is our rating of VMNFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Binbin Guo to Retire; No Ratings Changes for Vanguard Market Neutral or Vanguard Strategic Equity

Senior Analyst

Analyst Note

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On July 2, 2021, Vanguard announced that Binbin Guo, a listed portfolio manager for Vanguard Strategic Equity (with a Morningstar Analyst Rating of Bronze) and Neutral-rated Vanguard Market Neutral, will retire in September 2021. He had been a manager for both of these funds for about five years and joined Vanguard in 2007. Guo's planned departure follows fellow manager James Stetler's retirement in June 2021. Ahead of this leadership transition, Vanguard hired Cesar Orosco in March 2020 from quant firm AJO, where he worked for 10 years, and most recently served as principal and head of research. Orosco was appointed manager for Vanguard Strategic Equity and Vanguard Market Neutral in February 2021, and will be the sole lead following Guo's retirement.

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