# Vanguard Morningstar Mega Cap ETF (MGC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mgc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Large Cap Equity - Strategy: Passive Index · Inception: 2007-12-17 This ETF, the Vanguard Mega Cap, is designed to replicate the performance of the CRSP US Mega Cap Index. It employs a passively managed, full-replication approach, purchasing all constituents of its benchmark. The fund provides a straightforward avenue for diversified investment into the premier U.S. companies, collectively representing approximately the leading 70% of domestic market capitalization. Regarding 75% of its total assets, the fund is subject to specific limitations: it may not buy more than 10% of any single issuer's voting shares, nor invest in a company if that allocation wou... ## Key Facts | Metric | Value | |---|---| | Price | $279.34 | | Expense Ratio | 0.05% | | Assets Under Management | $11.00B | | NAV | $279.39 | | Holdings Count | 189 | | Distribution Yield (TTM) | 0.93% | | Annual Distribution (TTM) | $2.58 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $228.37 – $289.10 | | Beta | 1.03 | ## Latest Distribution - Amount: $0.6481 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does MGC invest in? This ETF, the Vanguard Mega Cap, is designed to replicate the performance of the CRSP US Mega Cap Index. It employs a passively managed, full-replication approach, purchasing all constituents of its benchmark. The fund provides a straightforward avenue for diversified investment into the premier U.S. companies, collectively representing approximately the leading 70% of domestic market capitalization. Regarding 75% of its total assets, the fund is subject to specific limitations: it may not buy more than 10% of any single issuer's voting shares, nor invest in a company if that allocation would cause more than 5% of the fund's total assets to be held in that issuer's securities. However, these restrictions are waived if exceeding them is necessary to precisely approximate the target index's composition. Notably, these concentration limits do not apply to obligations issued by the U.S. government or its associated agencies and instrumentalities. ### What is the expense ratio of MGC? Vanguard Morningstar Mega Cap ETF (MGC) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MGC? Vanguard Morningstar Mega Cap ETF (MGC) manages $11.00B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MGC actively managed or an index fund? MGC is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MGC's is 0.05%) because there's no security selection cost. ### When was MGC launched? Vanguard Morningstar Mega Cap ETF (MGC) launched in December 2007 and is managed by Vanguard. ### How has MGC performed? MGC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MGC pay a dividend? Vanguard Morningstar Mega Cap ETF (MGC) currently distributes little or no income. Trailing-twelve-month yield is 0.93%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MGC pay dividends? Vanguard Morningstar Mega Cap ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MGC's dividend yield? MGC's trailing-twelve-month yield is 0.93%, calculated from the sum of dividends over the past year divided by the current price. ### When is MGC's next ex-dividend date? The most recently announced ex-dividend date for MGC was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MGC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MGC charge its expense ratio? The expense ratio is deducted in tiny daily slices from MGC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MGC cost more than a fund like VOO? MGC is a passive index fund (current expense ratio 0.05%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to MGC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MGC (0.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mgc - Distribution history: https://www.dividenddata.com/funds/mgc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mgc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mgc/expenses - Peer comparison: https://www.dividenddata.com/funds/mgc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.