Vanguard Morningstar Mega Cap Growth ETF

Frequently Asked Questions About MGK

What does MGK invest in?

The Vanguard Mega Cap Growth ETF (MGK) aims to replicate the performance of the CRSP US Mega Cap Growth Index. It achieves this through a passively managed, full-replication strategy, meaning it invests in all constituents of the index. This provides investors with a straightforward and diversified avenue to gain exposure to the largest, growth-oriented companies within the U.S. market. For 75% of its total assets, specific investment limitations are in place: the fund is generally prohibited from acquiring more than 10% of the outstanding voting shares of any single company. Additionally, it typically cannot invest more than 5% of its total assets in the securities of any one issuer, unless necessary to closely align the portfolio with the target index's composition. These limitations do not, however, extend to obligations issued by the U.S. government or its associated agencies and instrumentalities.

What is the expense ratio of MGK?

Vanguard Morningstar Mega Cap Growth ETF (MGK) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MGK?

Vanguard Morningstar Mega Cap Growth ETF (MGK) manages $32.40B 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 MGK actively managed or an index fund?

MGK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MGK launched?

Vanguard Morningstar Mega Cap Growth ETF (MGK) launched in December 2007 and is managed by Vanguard.

How has MGK performed?

MGK'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.