Vanguard Mega Cap Growth Index Instl (VMGAX)
| Fund Assets | 31.28B |
| Expense Ratio | 0.06% |
| Min. Investment | $5,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 3.16 |
| Dividend Yield | 0.38% |
| Dividend Growth | 10.40% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 29, 2025 |
| Previous Close | 833.30 |
| YTD Return | 22.92% |
| 1-Year Return | 28.25% |
| 5-Year Return | 141.78% |
| 52-Week Low | 542.89 |
| 52-Week High | 845.17 |
| Beta (5Y) | n/a |
| Holdings | 69 |
| 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 28.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.87%.
Top 10 Holdings
65.08% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 13.78% |
| Microsoft Corporation | MSFT | 12.28% |
| Apple Inc. | AAPL | 12.03% |
| Alphabet Inc. | GOOGL | 4.38% |
| Tesla, Inc. | TSLA | 4.30% |
| Broadcom Inc. | AVGO | 4.23% |
| Meta Platforms, Inc. | META | 4.20% |
| Amazon.com, Inc. | AMZN | 4.06% |
| Alphabet Inc. | GOOG | 3.48% |
| Eli Lilly and Company | LLY | 2.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jun 27, 2024 | $0.628 | Jun 28, 2024 |