Vanguard Market Neutral Fund Investor Shares
FundVMNFXNASDAQAbout
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.
Key Facts
52-Week Range
Performance
Sector Exposure
- Basic Materials1.94%
- Cash & Others100.31%
- Communication Services1.88%
- Consumer Cyclical0.54%
- Consumer Defensive1.02%
- Energy0.15%
- Financial Services0.14%
- Healthcare0.34%
- Industrials3.04%
- Real Estate0.15%
- Technology4.79%
- Utilities0.09%
Top Holdings
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | US Dollar | 99.64% | $420.80M |
| ADTN | ADTRAN Holdings Inc | 0.84% | $3.55M |
| MTZ | MasTec Inc | 0.79% | $3.35M |
| CSTM | Constellium SE | 0.78% | $3.29M |
| VRT | Vertiv Holdings Co | 0.78% | $3.29M |
| EIX | Edison International | 0.76% | $3.20M |
| TNL | Travel + Leisure Co | 0.76% | $3.20M |
| ROKU | Roku Inc | 0.75% | $3.17M |
| ZION | Zions Bancorp NA | 0.75% | $3.15M |
| OUT | Outfront Media Inc | 0.74% | $3.13M |
| LEG | Leggett & Platt Inc | 0.74% | $3.13M |
| KEY | KeyCorp | 0.74% | $3.13M |
| LC | LendingClub Corp | 0.74% | $3.12M |
| SLDE | Slide Insurance Holdings Inc | 0.74% | $3.11M |
| NTB | Bank of NT Butterfield & Son Ltd/The | 0.74% | $3.11M |
| TPC | Tutor Perini Corp | 0.73% | $3.09M |
| HST | Host Hotels & Resorts Inc | 0.73% | $3.09M |
| BANC | Banc of California Inc | 0.73% | $3.08M |
| FR | First Industrial Realty Trust Inc | 0.73% | $3.08M |
| COKE | Coca-Cola Consolidated Inc | 0.73% | $3.07M |
| AVA | Avista Corp | 0.73% | $3.07M |
| EXTR | Extreme Networks Inc | 0.73% | $3.06M |
| WFRD | Weatherford International PLC | 0.73% | $3.06M |
| AMG | Affiliated Managers Group Inc | 0.73% | $3.06M |
| NJR | New Jersey Resources Corp | 0.72% | $3.05M |