Vanguard S&P Mid-Cap 400 Growth Idx I (VMFGX)

Fund Assets	1.84B
Expense Ratio	0.03%
Min. Investment	$5,000,000
Turnover	38.00%
Dividend (ttm)	3.37
Dividend Yield	0.62%
Dividend Growth	-10.58%
Payout Frequency	Annual
Ex-Dividend Date	Dec 22, 2025

Previous Close	551.76
YTD Return	13.04%
1-Year Return	15.54%
5-Year Return	42.06%
52-Week Low	454.55
52-Week High	591.62
Beta (5Y)	1.14
Holdings	250
Inception Date	Dec 15, 2010

About VMFGX

The Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares is a passively managed mutual fund that aims to replicate the investment performance of the S&P MidCap 400 Growth Index. This benchmark comprises U.S. mid-sized companies identified as growth stocks, using criteria such as sales growth, earnings change relative to price, and market momentum. The fund adopts a full-replication strategy, investing in all or substantially all of the stocks in the index in approximately the same proportions as their index weights. With a portfolio typically consisting of 200 to 250 holdings, it offers broad diversification across sectors, with notable representation in industrials, technology, consumer cyclical, and basic materials. This institutional share class is designed for professional investors, featuring a low expense ratio and a significant minimum investment threshold. By providing targeted exposure to U.S. mid-cap growth equities, the fund serves as a core component for institutional portfolios seeking to capture the growth potential of midsize domestic companies while minimizing individual stock risk through comprehensive index tracking.

• Fund Family: Vanguard
• Category: Mid-Cap Growth
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VMFGX
• Share Class: Institutional Shares
• Index: S&P MidCap 400 Growth Total Return Index

Performance

VMFGX had a total return of 15.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.71%.

Equivalent ETF

VMFGX has an equivalent ETF with the ticker symbol IVOG, the Vanguard S&P Mid-Cap 400 Growth ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.10% compared to 0.03% for VMFGX.

Symbol	Name	Expense Ratio
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	0.10%

Top 10 Holdings

14.38% of assets

Name	Symbol	Weight
Twilio Inc.	TWLO	1.93%
TechnipFMC plc	FTI	1.68%
Everpure, Inc.	P	1.58%
Okta, Inc.	OKTA	1.57%
ATI Inc.	ATI	1.50%
nVent Electric plc	NVT	1.32%
Tenet Healthcare Corporation	THC	1.24%
XPO, Inc.	XPO	1.23%
United Therapeutics Corporation	UTHR	1.17%
Curtiss-Wright Corporation	CW	1.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$3.3673	Dec 23, 2025
Dec 23, 2024	$3.7659	Dec 24, 2024
Dec 19, 2023	$4.7512	Dec 20, 2023
Dec 19, 2022	$3.7929	Dec 20, 2022
Dec 20, 2021	$2.2422	Dec 21, 2021
Dec 21, 2020	$2.7998	Dec 22, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

Data Sources Report a data error