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.
Will VMNIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of VMNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.