Vanguard Global Minimum Volatility Fund is an attractive, low-cost fund that dials back risk. Its low fee and proven ability to mitigate volatility should provide better risk-adjusted performance than the market. But after re-examining the fund’s advantages, we no longer think it stands among the very best in the world small/mid stock Morningstar Category, so we have downgraded its Morningstar Analyst Rating to Silver from Gold.
Will VMVFX 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 VMVFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VMVFX 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 VMVFX’s parent organization’s priorities and whether they’re in line with investors’ interests.