Vanguard Market Neutral Inv
VANGUARD MONTGOMERY FUNDS P.O. Box 2600
Phone: 800-662-6273
| Category: |
Long-Short |
| Fund Family: |
Vanguard |
| Net Assets: |
53.63M |
| Year-to-Date Return: |
0.10% |
| Yield: |
0.12% |
| Morningstar Rating: |
 |
| Fund Inception Date: |
17-Nov-98 |
|
William E. Ricks
Lead Manager since
30-Jul-99 |
|
| Ricks is Americas Chief Executive and Chief Investment Officer at AXA Rosenberg. He has worked in investment management with AXA Rosenberg since 1989, including trading, operations, portfolio engineering, and portfolio construction. |
| Min Initial Investment: |
$250,000 |
| Min Initial Investment, IRA: |
$250,000 |
| Min Initial Investment, AIP: |
$250,000 |
| Min Subsequent Investment: |
$100 |
| Min Subsequent Investment, IRA: |
$100 |
| Min Subsequent Investment, AIP: |
$50 |
|
|
|
| The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund uses multiple investment advisors, each of which independently selects and maintains a diversified portfolio of equity securities for the fund. It follows a market neutral strategy, which it defines as a strategy designed to produce a portfolio that is neutral with respect to general stock market risk, sometimes referred to as beta neutrality. Each advisor attempts to achieve beta neutrality by selecting for its portion of the fund, long and short positions that, in the aggregate, produce a total portfolio with a beta close to zero. |
| Last Dividend
(20-Mar-09):
|
0.01 |
| Last Cap Gain
(30-Dec-08):
|
0.51 |
| Annual Holdings Turnover
|
161.00% |
| Average for Category:
|
349.35% |
|
| Expense |
VMNFX |
Category
Avg |
| Total Expense Ratio: |
0.50%
|
2.07% |
| Max 12b1 Fee: |
%
|
N/A |
| Max Front End Sales Load: |
%
|
5.37% |
| Max Deferred Sales Load: |
%
|
1.83% |
| 3 Yr Expense Projection*: |
$679 |
$1,057 |
| 5 Yr Expense Projection*: |
$1,164 |
$1,772 |
| 10 Yr Expense Projection*: |
$2,503 |
$3,501 |
|
|
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