| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 10.54 | 0.03 (+0.29%) | 10.07 - 10.54 | 0.0 |
Market data as of 6:06PM 05/17/13. Quotes are delayed by at least 15 min.
The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund follows a market neutral strategy, which the fund 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). Beta is a measure of a stock's volatility relative to the volatility of the general stock market. The advisor buys equity securities it considers to be undervalued and sells short securities it considers to be overvalued, in amounts that it believes will achieve market neutrality.
| Total Return | 2.92% |
|---|---|
| Yield (Trailing 12 Mo.) | 0.86% |
| Expense Ratio | 1.80% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $5,000,000 |
| Management Tenure | 5 Years |
| Fund Inception | 10/19/1998 |
| Timeframe | VMNIX | S&P 500 | Market Neutral |
|---|---|---|---|
| 1 Month | 0.29% | 1.93% | -0.08% |
| 3 Month | 1.99% | 7.18% | 0.15% |
| Year-to-Date | 3.31% | 12.74% | 0.39% |
| 1 Year | 2.36% | 16.89% | -0.24% |
| 3 Year | 2.65% | 12.80% | 0.47% |
| 5 Year | -1.74% | 5.21% | 0.34% |
| 10 Year | 1.42% | 7.88% | 2.45% |
| Since Inception | 2.92% | 10.38% | -- |
| Basic Materials | 6.60% | |
|---|---|---|
| Consumer Cyclical | 14.89% | |
| Financial Services | 15.06% | |
| Real Estate | 0.00% | |
| Consumer Defensive | 5.02% | |
| Healthcare | 9.24% | |
| Utilities | 4.70% | |
| Communication Services | 1.43% | |
| Energy | 6.16% | |
| Industrials | 22.57% | |
| Technology | 14.32% |
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 93.95 | 93.95 | ||
| Bond | -- | 0.00 | 0.00 | ||
| Other | -- | 0.22 | 0.22 | ||
| Foreign Stock | -- | 2.61 | 2.61 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 96.78 | 96.78 | ||
| Cash | -- | 3.22 | 3.22 | ||
| Total Net Assets | $211.07M |
|---|---|
| Total Stock Holdings | 248 |
| Total Bond Holdings | 0 |
| Valuation | VMNIX | Category Range |
|---|---|---|
| Price/Earnings | 13.77 | |
| Price/Book | 2.09 | |
| Price/Sales | 0.78 | |
| Price/Cash Flow | 7.91 | |
| Dividend Yield | 1.42 | |
| LT Earnings | 11.41 | |
| Historical Earnings | 19.05 | |
| Sales Growth | -0.61 | |
| Cash-Flow Growth | 20.75 | |
| Book-Value Growth | 5.28 |
| Management Style | |||
|---|---|---|---|
| Large Cap | |||
| Medium Cap | |||
| Small Cap | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Avg | |
| Return | Above Avg |
| Pretax Return | 2.65% |
|---|---|
| Tax-adjusted Return | 2.60% |
| Tax Cost Ratio | 0.05% |
| Potential Cap Gains | -3.59% |
