Vanguard Global Minimum Volatility Fund Investor Shares
VMVFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Dec 13, 2013
- CIK
- 0001004655
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) is an actively managed open-end mutual fund that seeks long-term capital appreciation with lower volatility relative to the global equity market. The fund invests primarily in U.S. and foreign stocks selected through quantitative models that evaluate securities in the FTSE Global All Cap Index (USD hedged); it constructs a diversified portfolio emphasizing low expected volatility while hedging most currency exposure back to the U.S. dollar using forward contracts. Core offerings include exposure to global large-, mid-, and small-cap equities across sectors such as information technology (21.2%), financials (12.9%), health care (12.2%), and consumer staples (9.6%), with top holdings like Johnson & Johnson, Cencora Inc., United Microelectronics Corp., Microsoft Corp., and Swisscom AG comprising 15.4% of assets as of September 30, 2025. Geographic allocations feature 59.3% in the United States, followed by the United Kingdom (5.9%), Taiwan (4.3%), Canada (4.1%), and India (3.8%), spanning developed and emerging markets . Launched on December 12, 2013, the fund is managed by Vanguard's Quantitative Equity Group, including John Ameriks and Scott Rodemer, with an expense ratio of 0.21% and turnover rate of 34.9% as of February 28, 2025. The fund, part of The Vanguard Group, Inc.—founded in 1975 and headquartered in Malvern, Pennsylvania—targets investors seeking defensive global equity strategies amid market turbulence. Recent portfolio adjustments in late 2024 incorporated South Korean software developer Douzone Bizon due to its unique low-correlation volatility patterns, enhancing diversification beyond traditional defensive names like McDonald's and Colgate-Palmolive. As of September 2025, the fund reported total net assets of $235 million and delivered year-to-date returns of 11.44% through September 30, outperforming in turbulent periods such as January to April 2025 by nearly 8 percentage points versus its benchmark. No major partnerships, acquisitions, funding rounds, or structural changes specific to VMVFX were reported in 2024 or 2025; ongoing daily optimization and periodic rebalancing (every four to six weeks) maintain its low-volatility focus under existing constraints on sector, country, and stock weights.