Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX)
| Fund Assets | 25.77B |
| Expense Ratio | 0.06% |
| Min. Investment | $5,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 3.23 |
| Dividend Yield | 0.44% |
| Dividend Growth | 17.85% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 733.72 |
| YTD Return | 8.10% |
| 1-Year Return | 14.75% |
| 5-Year Return | 124.95% |
| 52-Week Low | 542.89 |
| 52-Week High | 735.55 |
| Beta (5Y) | n/a |
| Holdings | 72 |
| 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 14.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.29%.
Equivalent ETF
VMGAX has an equivalent ETF with the ticker symbol MGK, the Vanguard 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 Mega Cap Growth ETF | 0.07% |
Top 10 Holdings
64.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 13.10% |
| NVIDIA Corporation | NVDA | 11.95% |
| Apple Inc. | AAPL | 11.62% |
| Amazon.com, Inc. | AMZN | 7.36% |
| Broadcom Inc. | AVGO | 4.59% |
| Meta Platforms, Inc. | META | 4.36% |
| Tesla, Inc. | TSLA | 3.86% |
| Visa Inc. | V | 2.58% |
| Eli Lilly and Company | LLY | 2.56% |
| Alphabet Inc. | GOOGL | 2.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 21, 2024 | $0.6121 | Mar 22, 2024 |