- What does VMVFX invest in?
- This investment vehicle primarily allocates capital to a diversified portfolio of U.S. and international equities, with the explicit aim of moderating overall volatility compared to the performance of the worldwide stock market. Its strategy for achieving lower risk involves a meticulous assessment of individual stock characteristics, focusing on their inherent risk and their potential to enhance portfolio diversification. Furthermore, the fund actively endeavors to mitigate the majority of currency risks associated with its non-U.S. equity positions through hedging. Although the core objective of this fund is to temper the fluctuations inherent in global stock investments, it's important to set realistic expectations. Investors should not anticipate that a low- or minimum-volatility approach will consistently outperform, or even mirror, the broader global equity market across extended time horizons. Generally, investors can anticipate that a fund employing a minimum volatility strategy will tend to outperform the wider global market during severe economic contractions but conversely, will likely underperform during periods of vigorous market expansion.
- What is the expense ratio of VMVFX?
- Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VMVFX?
- Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) manages $2.00B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is VMVFX actively managed or an index fund?
- VMVFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was VMVFX launched?
- Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) launched in December 2013 and is managed by Vanguard.
- How has VMVFX performed?
- VMVFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
