About VMCTX
Vanguard Mega Cap Index Fund Institutional Shares is a mutual fund designed to provide comprehensive exposure to the largest publicly traded companies in the United States. This fund aims to replicate the performance of the CRSP US Mega Cap Index, capturing approximately the top 70% of the U.S. equity market by market capitalization. It follows a passive, market-cap-weighted investment strategy, which typically results in a low portfolio turnover and cost efficiency. With an expense ratio of 0.06%, the fund offers institutional investors a cost-effective means for broad, diversified access to blue-chip U.S. stocks.
Notable for its concentration in industry-leading companies, the portfolio’s top holdings include major names across technology, consumer cyclical, communication services, financial services, and healthcare sectors—such as Microsoft, Apple, NVIDIA, Amazon.com, and Meta Platforms. This focus on mega-cap stocks means the fund primarily invests in firms with strong competitive advantages and significant influence on the market. Its role in the financial market is to serve as a cornerstone for large portfolios seeking stability, broad market exposure, and potential long-term growth by allocating assets to the leading firms of the U.S. economy.
Fund Family Vanguard
Category Large Blend
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol VMCTX
Share Class Institutional Shares
Index Index is not available on Lipper Database
VMCTX had a total return of 21.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.71%.
