Vanguard Mid-Cap Growth Fund Investor Shares (VMGRX)

Fund Assets	2.75B
Expense Ratio	0.33%
Min. Investment	$3,000
Turnover	128.00%
Dividend (ttm)	0.06
Dividend Yield	0.23%
Dividend Growth	-87.95%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	24.99
YTD Return	0.44%
1-Year Return	0.54%
5-Year Return	8.47%
52-Week Low	20.89
52-Week High	30.01
Beta (5Y)	1.15
Holdings	54
Inception Date	Dec 31, 1997

About VMGRX

This actively managed fund primarily directs its investments toward the shares of medium-sized U.S. companies. Its management team specifically seeks out businesses that they believe demonstrate stronger prospects for growth in both earnings and revenue than the typical mid-capitalization firm. This option may appeal to investors who wish to gain exposure to the American mid-cap equity market and are prepared to tolerate the inherent volatility that comes with stock investments. A transition in investment managers for the Vanguard Mid-Cap Growth Fund took place on November 17, 2025. This change could lead to capital gains distributions, which may be taxable if your shares are held in a standard (taxable) account. Vanguard provides regular monthly updates on estimated realized and unrealized gains within the "Distributions" section of the fund's official website. The expense ratio for this Mid-Cap Growth Fund is set to increase from 33 basis points to 39 basis points. However, a 5 basis point fee waiver will be applied, bringing the effective expense ratio to 34 basis points.

• Fund Family: Vanguard
• Category: Mid-Cap Growth
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VMGRX
• Share Class: Investor Shares
• Index: Russell MidCap Growth TR

Performance

VMGRX had a total return of 0.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.49%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FMDGX	Fidelity	Fidelity Mid Cap Growth Index Fund	0.05%

Top 10 Holdings

34.42% of assets

Name	Symbol	Weight
Varonis Systems, Inc.	VRNS	4.18%
Semtech Corporation	SMTC	3.76%
MKS Inc.	MKSI	3.69%
Live Nation Entertainment, Inc.	LYV	3.44%
AIXTRON SE	AIXA	3.34%
Spotify Technology S.A.	SPOT	3.28%
Affirm Holdings, Inc.	AFRM	3.22%
Cloudflare, Inc.	NET	3.20%
FormFactor, Inc.	FORM	3.18%
Bloom Energy Corporation	BE	3.13%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$4.40949	Dec 18, 2025
Dec 18, 2024	$0.4854	Dec 19, 2024
Dec 19, 2023	$0.0909	Dec 20, 2023
Dec 19, 2022	$0.0492	Dec 20, 2022
Dec 20, 2021	$9.3207	Dec 21, 2021
Dec 21, 2020	$2.1138	Dec 22, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 20, 2026

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