Summary
Vanguard Market Neutral Fund Investor Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 617. The ten largest make up 106% of the fund.
- Yearly costs
- 1.95%
- Fund size
- $637.5M
- Positions
- 617
- Dividend yield
- 0.06%
- Running since
- 1998
What speaks for it
- It has been running since 1998.
What to watch
- The ten largest positions make up 106% of the fund, so its result rests on a few names.
- High costs: 1.95% a year.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +5.0%
- 3 months
- +5.7%
- This year
- +22%
- 1 year
- +23%
- 3 years
- +26%
- 5 years
- +70%
- 10 years
- +44%
- Avg. market cap
- $20.2B
- P/E
- 11.9x
- Forward P/E
- 12.1x
- P/S
- 1.1x
- P/B
- 2.0x
- P/FCF
- 9.7x
- EV/EBITDA
- 10.6x
- Dividend yield
- 1.27%
- ROIC
- 5.2%
- ROE
- 14.1%
- Gross margin
- 47.5%
- Operating margin
- 9.4%
- Net margin
- 6.2%
- Payout ratio
- 15.1%
- Net debt/EBITDA
- 1.9x
- Beta
- -0.02
Weighted average of the 50 largest companies, which make up 33% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 US Dollar 95%
- 2 MKTLIQ 12/31/2049 3.5%
- 3 LRLam Research LRCX 0.9%
- 4 MXMaxLinear, Inc. MXL 0.9%
- 5 LUSouthwest Airlines LUV 0.9%
- 6 HAHappen, Inc. Common Stock HAPN 0.9%
- 7 EXExtreme Networks, Inc. EXTR 0.8%
- 8 PEPenn National Gaming, Inc. PENN 0.8%
- 9 SLSlide Insurance Holdings, Inc. Common Stock SLDE 0.8%
- 10 SRSarepta Therapeutics SRPT 0.8%
Positions in the fund: 617. The ten largest make up 106% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Financials 20%
- Technology 15%
- Industrials 13%
- Healthcare 13%
- Consumer cyclical 13%
- Other 27%
By country
- Bermuda 1.7%
- Cayman Islands 1.1%
- France 0.7%
- Puerto Rico 0.7%
- Other countries 100%
By company size
- Mega cap 2.6%
- Large cap 26%
- Mid cap 42%
- Small cap 28%
- Micro cap 1.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Financials (20%). Largest country: Bermuda (1.7%). Largest size group: Mid cap (42%).
What does it cost me?
Expensive- Yearly costs
- 1.95%
- A year from $10,000
- $195
- Over 20 years
- $8,296
From every $10,000 invested the fund takes $195 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $8,296.
How has it done?
Growing slowly- A year on average, 10 years
- +3.7%
- Deepest drop
- -10%
- Yearly volatility
- 8.3%
Average yearly growth over the last ten years: 3.7%. Deepest drop in these years: 10% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.06%
- Payments a year
- 2
- Last payment
- $0.01
Over the last 12 months it paid $0.01 per share, which is 0.06% of today's price. The last payment was $0.01 on Mar 30, 2026.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 11.9
- Average Bulios Score
- 61 out of 100
Weight by Bulios Fair Price
- Undervalued 45%
- Fairly valued 6.3%
- Overvalued 48%
On average the companies inside trade for 11.9 times their yearly profit. By Fair Price, 48% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 33% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.