Vanguard MStar Mega Cap Growth Idx Instl (VMGAX)

Fund Assets	33.69B
Expense Ratio	0.06%
Min. Investment	$5,000,000
Turnover	14.00%
Dividend (ttm)	3.04
Dividend Yield	0.33%
Dividend Growth	-3.65%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 28, 2026

Previous Close	917.63
YTD Return	12.22%
1-Year Return	15.76%
5-Year Return	100.34%
52-Week Low	701.99
52-Week High	928.98
Beta (5Y)	1.00
Holdings	60
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.

• Fund Family: Vanguard
• Category: Large-Cap Growth
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VMGAX
• Share Class: Institutional Shares
• Index: Index is not available on Lipper Database

Performance

VMGAX had a total return of 15.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.74%.

Equivalent ETF

VMGAX has an equivalent ETF with the ticker symbol MGK, the Vanguard Morningstar Mega Cap Growth ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.07% compared to 0.06% for VMGAX.

Symbol	Name	Expense Ratio
MGK	Vanguard Morningstar Mega Cap Growth ETF	0.07%

Top 10 Holdings

66.53% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	14.30%
Apple Inc.	AAPL	13.01%
Microsoft Corporation	MSFT	9.97%
Alphabet Inc.	GOOGL	5.49%
Amazon.com, Inc.	AMZN	4.75%
Alphabet Inc.	GOOG	4.32%
Broadcom Inc.	AVGO	4.09%
Meta Platforms, Inc.	META	4.05%
Tesla, Inc.	TSLA	3.35%
Eli Lilly and Company	LLY	3.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 28, 2026	$0.7601	Sep 29, 2026
Jun 26, 2026	$0.8296	Jun 29, 2026
Mar 27, 2026	$0.6523	Mar 30, 2026
Dec 22, 2025	$0.7995	Dec 23, 2025
Sep 29, 2025	$0.685	Sep 30, 2025
Jun 30, 2025	$0.7769	Jul 1, 2025

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 1, 2026

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