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.
Vanguard Market Neutral Inv VMNFX
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.
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 VMNFX 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 VMNFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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
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
