VMNFX — Vanguard Market Neutral Fund
Data updated: 2026-08-28
VMNFX — Vanguard Market Neutral Fund. United States Small Cap Blend / Core Equity · $597.17M AUM. Holdings, fees, performance and SEC filings.
VMNFX Fund Overview
VMNFX — Vanguard Market Neutral Fund is a US mutual fund managed by Vanguard Montgomery Funds, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Montgomery Funds
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $597.17M
- 1-year return: 20.7%
- Ticker: VMNFX
- SEC CIK: 0001409957
- SEC series ID: S000019457
- Share class ID: C000054090
VMNFX Holdings
Top 10 holdings of Vanguard Market Neutral Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 2.66% |
| Lam Research Corp | 0.92% |
| MaxLinear Inc | 0.87% |
| Southwest Airlines Co | 0.86% |
| Happen Inc | 0.86% |
| Extreme Networks Inc | 0.84% |
| Penn Entertainment Inc | 0.80% |
| Slide Insurance Holdings Inc | 0.79% |
| Sarepta Therapeutics Inc | 0.77% |
| Virtu Financial Inc | 0.75% |
VMNFX Portfolio Allocation
Asset-class allocation of Vanguard Market Neutral Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.9% |
| Cash & Equivalents | 2.7% |
VMNFX Performance
Total returns for VMNFX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 14.5% |
| 1 year | 20.7% |
| 3 years (annualised) | 13.7% |
| 5 years (annualised) | 13.7% |
VMNFX Risk Information
Risk metrics for VMNFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.2%
VMNFX Costs and Fees
VMNFX costs about $195 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.95%
- Gross expense ratio: 1.95%
- Portfolio turnover: 108%
- Brokerage commissions: 10.37 bps of average net assets (SEC N-CEN)
VMNFX Cashflows
Over the 12 months to 2026-06, Vanguard Market Neutral Fund had net inflows of $146.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $20.74M |
| 2026-05 | $46.97M |
| 2026-04 | $56.37M |
| 2026-03 | $14.10M |
| 2026-02 | $2.66M |
| 2026-01 | $13.41M |
VMNFX Debt Constituents
No individual debt constituents are reported in Vanguard Market Neutral Fund's latest SEC N-PORT filing.
VMNFX Prospectus and SEC Filings
Official Vanguard Market Neutral Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.