Vanguard Mega Cap Growth Index Instl (VMGAX)
| Fund Assets | 32.68B |
| Expense Ratio | 0.06% |
| Min. Investment | $5,000,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 2.96 |
| Dividend Yield | 0.36% |
| Dividend Growth | -1.35% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 819.98 |
| YTD Return | -0.46% |
| 1-Year Return | 20.17% |
| 5-Year Return | 106.83% |
| 52-Week Low | 541.31 |
| 52-Week High | 844.35 |
| Beta (5Y) | n/a |
| Holdings | 70 |
| Inception Date | Apr 3, 2008 |
About VMGAX
Vanguard Mega Cap Growth Index Fund Institutional Shares is a mutual fund designed to track the performance of the CRSP US Mega Cap Growth Index, providing diversified exposure to the largest growth-oriented companies in the United States. The fund utilizes a market-capitalization-weighted approach, which means holdings are proportionally sized according to their market value—giving greater influence to the largest companies in the portfolio. As a result, technology giants such as Microsoft, Nvidia, and Apple often command significant positions within the fund, with the top holdings collectively making up a substantial portion of assets. This structure allows the fund to closely mirror the movements and returns of the U.S. large-cap growth segment, which is known for its potential for rapid earnings expansion and innovation-driven performance. Tailored primarily for institutional investors, it features a low expense ratio and a high minimum investment threshold, reinforcing its suitability for large-scale portfolios. The fund plays a pivotal role for investors seeking efficient, low-cost access to the nation's leading mega-cap growth companies within a single vehicle.
Performance
VMGAX had a total return of 20.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.75%.
Top 10 Holdings
66.85% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 12.78% |
| NVIDIA Corporation | NVDA | 12.68% |
| Microsoft Corporation | MSFT | 11.32% |
| Alphabet, Inc. | GOOGL | 5.59% |
| Broadcom Inc. | AVGO | 5.02% |
| Alphabet Inc. | GOOG | 4.44% |
| Amazon.com, Inc. | AMZN | 4.19% |
| Tesla, Inc. | TSLA | 4.04% |
| Meta Platforms, Inc. | META | 3.59% |
| Eli Lilly and Company | LLY | 3.21% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.7995 | Dec 23, 2025 |
| Sep 29, 2025 | $0.685 | Sep 30, 2025 |
| Jun 30, 2025 | $0.7769 | Jul 1, 2025 |
| Mar 27, 2025 | $0.6953 | Mar 28, 2025 |
| Dec 23, 2024 | $0.9994 | Dec 24, 2024 |
| Sep 26, 2024 | $0.7577 | Sep 27, 2024 |