# Vanguard Morningstar Mega Cap Growth ETF (MGK): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mgk 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: Thematic · Inception: 2007-12-17 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,... ## Key Facts | Metric | Value | |---|---| | Price | $89.72 | | Expense Ratio | 0.05% | | Assets Under Management | $35.00B | | NAV | $88.79 | | Holdings Count | 69 | | Distribution Yield (TTM) | 0.34% | | Annual Distribution (TTM) | $0.30 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $63.74 – $95.53 | | Beta | 1.27 | ## Latest Distribution - Amount: $0.0765 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 $35.00B 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 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. ### Does MGK pay a dividend? Vanguard Morningstar Mega Cap Growth ETF (MGK) currently distributes little or no income. Trailing-twelve-month yield is 0.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MGK pay dividends? Vanguard Morningstar Mega Cap Growth 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 MGK's dividend yield? MGK's trailing-twelve-month yield is 0.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is MGK's next ex-dividend date? The most recently announced ex-dividend date for MGK 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 MGK'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 MGK charge its expense ratio? The expense ratio is deducted in tiny daily slices from MGK'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 MGK cost more than a fund like VOO? MGK's strategy (current expense ratio 0.05%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MGK sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MGK? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MGK (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/mgk - Distribution history: https://www.dividenddata.com/funds/mgk/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mgk/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mgk/expenses - Peer comparison: https://www.dividenddata.com/funds/mgk/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.