On July 13, 2022, Vanguard announced that Antonio Picca had resigned and was subsequently removed as the named manager on several of its actively managed quantitative equity funds. John Ameriks will replace Picca as the named manager on these funds, effective immediately, including Vanguard Global Minimum Volatility Fund VMNVX, which has a Morningstar Analyst Rating of Silver. This change should not impact performance, and we’re maintaining our Above Average People Pillar rating and Vanguard Global Minimum Volatility Fund’s Silver rating.
Morningstar’s Fund Analysis VMVFX
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.