Vanguard Market Neutral Fund Institutional Shares (VMNIX)
| Fund Assets | 380.96M |
| Expense Ratio | 1.34% |
| Min. Investment | $5,000,000 |
| Turnover | 104.00% |
| Dividend (ttm) | 0.76 |
| Dividend Yield | 5.55% |
| Dividend Growth | 10.78% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Mar 28, 2025 |
| Previous Close | 13.65 |
| YTD Return | 3.54% |
| 1-Year Return | 4.14% |
| 5-Year Return | 61.94% |
| 52-Week Low | 12.92 |
| 52-Week High | 14.42 |
| Beta (5Y) | n/a |
| Holdings | 502 |
| Inception Date | Oct 19, 1998 |
About VMNIX
Vanguard Market Neutral Fund Institutional Shares is an open-end mutual fund specializing in a market-neutral investment strategy. Its primary objective is to deliver long-term capital appreciation while minimizing the portfolio’s exposure to general stock market risk. The fund achieves this by maintaining long and short positions in a diversified portfolio of securities, aiming for a net market exposure close to zero. This approach is designed to generate returns through security selection, rather than broad market movements, making it distinct from traditional equity funds that rely on market trends for performance. Vanguard Market Neutral Fund Institutional Shares primarily invests in equities, including both domestic and a small portion of non-U.S. stocks, and utilizes equity-related derivatives. Its portfolio is widely diversified across market capitalizations, with a notable allocation to small- and micro-cap companies. The fund’s low correlation to major equity indices positions it as a tool for institutional investors seeking alternative strategies to hedge against market volatility and enhance portfolio diversification. By focusing on relative value and risk control, it serves a significant role in the alternative investment segment of the financial markets.
Performance
VMNIX had a total return of 4.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.15%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VMNFX | Investor Shares | 1.40% |
Top 10 Holdings
10.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund - Vanguard Market Liquidity Fund | n/a | 2.61% |
| Avista Corporation | AVA | 0.91% |
| Mr. Cooper Group Inc. | COOP | 0.90% |
| MGIC Investment Corporation | MTG | 0.88% |
| Essent Group Ltd. | ESNT | 0.87% |
| Palomar Holdings, Inc. | PLMR | 0.87% |
| NMI Holdings, Inc. | NMIH | 0.86% |
| The Bank of N.T. Butterfield & Son Limited | NTB | 0.85% |
| CNO Financial Group, Inc. | CNO | 0.85% |
| OFG Bancorp | OFG | 0.84% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 28, 2025 | $0.0161 | Mar 31, 2025 |
| Dec 30, 2024 | $0.741 | Dec 31, 2024 |
| Mar 27, 2024 | $0.0079 | Mar 28, 2024 |
| Dec 27, 2023 | $0.6755 | Dec 28, 2023 |
| Mar 28, 2023 | $0.003 | Mar 29, 2023 |
| Dec 21, 2022 | $0.0963 | Dec 22, 2022 |