Vanguard Market Neutral Fund Investor Shares (VMNFX)
| Fund Assets | 561.94M |
| Expense Ratio | 1.95% |
| Min. Investment | $50,000 |
| Turnover | 108.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 3.11% |
| Dividend Growth | -34.68% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 15.79 |
| YTD Return | 13.03% |
| 1-Year Return | 20.65% |
| 5-Year Return | 90.36% |
| 52-Week Low | 13.12 |
| 52-Week High | 15.83 |
| Beta (5Y) | -0.05 |
| Holdings | 598 |
| Inception Date | Nov 11, 1998 |
About VMNFX
The Vanguard Market Neutral Fund employs an exceptionally sophisticated and unconventional investment methodology, setting it apart from many other Vanguard offerings. Its core objective is to significantly reduce or entirely offset the influence of broad stock market movements on its investment performance. Consequently, its returns frequently exhibit little to no correlation with the broader equity market. Unlike traditional mutual funds, and indeed many other Vanguard products, this fund actively engages in both long and short-selling strategies, which introduce specific risks not typically encountered in more conventional investment vehicles. Therefore, it is generally considered suitable for a minor allocation within an already robustly diversified portfolio.
Performance
VMNFX had a total return of 20.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.71%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VMNIX | Institutional Shares | 1.89% |
Top 10 Holdings
9.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund - Vanguard Market Liquidity Fund | n/a | 2.40% |
| ADTRAN Holdings, Inc. | ADTN | 0.82% |
| MasTec, Inc. | MTZ | 0.78% |
| Constellium SE | CSTM | 0.76% |
| Vertiv Holdings Co | VRT | 0.76% |
| Edison International | EIX | 0.74% |
| Travel + Leisure Co. | TNL | 0.74% |
| Roku, Inc. | ROKU | 0.74% |
| Zions Bancorporation, National Association | ZION | 0.73% |
| OUTFRONT Media Inc. | OUT | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 30, 2026 | $0.011 | Mar 31, 2026 |
| Dec 23, 2025 | $0.4795 | Dec 24, 2025 |
| Mar 28, 2025 | $0.014 | Mar 31, 2025 |
| Dec 30, 2024 | $0.7369 | Dec 31, 2024 |
| Mar 27, 2024 | $0.0058 | Mar 28, 2024 |
| Dec 27, 2023 | $0.6724 | Dec 28, 2023 |