Video: More For Less With This Inexpensive Alternative Fund

In this Morningstar video report, analyst Jason Kephart touts the Vanguard Market Neutral Fund (VMNFX) as having the lowest fees in its category at 0.25%, compared to an average of close to 2.00% for the category. Kephart says fees are “the hardest thing to stomach” when it comes to alternative funds, but he adds that Vanguard’s market neutral fund has benefits beyond its comparatively minimal expenses, since it’s run by Vanguard’s quantitative equity team. Kephart also notes that over the past three years, the fund has beaten the category average by nearly two percentage points.

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