# Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vmcpx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Mid Cap Equity - Strategy: Passive Index · Inception: 2010-12-15 This economical index fund offers extensive exposure to U.S. companies with medium market capitalizations. Its primary objective is to mirror the performance of an index comprising such mid-sized enterprises, whose stock prices often exhibit more significant fluctuations compared to larger corporations. Consequently, this elevated market volatility represents a principal risk associated with the fund. It is an ideal consideration for investors seeking to integrate a passively managed allocation to mid-cap equities into an already diverse investment portfolio. ## Key Facts | Metric | Value | |---|---| | Price | $439.52 | | Expense Ratio | 0.02% | | AUM (All Share Classes) | $216.50B | | NAV | $439.52 | | Holdings Count | 307 | | Distribution Yield (TTM) | 1.36% | | Annual Distribution (TTM) | $5.99 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $375.09 – $455.95 | | Beta | 1.01 | ## Latest Distribution - Amount: $1.5757 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does VMCPX invest in? This economical index fund offers extensive exposure to U.S. companies with medium market capitalizations. Its primary objective is to mirror the performance of an index comprising such mid-sized enterprises, whose stock prices often exhibit more significant fluctuations compared to larger corporations. Consequently, this elevated market volatility represents a principal risk associated with the fund. It is an ideal consideration for investors seeking to integrate a passively managed allocation to mid-cap equities into an already diverse investment portfolio. ### What is the expense ratio of VMCPX? Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) charges an expense ratio of 0.02%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is VMCPX? Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is one share class of a fund that manages $216.50B across all of its share classes (VIMAX, VMCIX, VO report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is VMCPX actively managed or an index fund? VMCPX 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 (VMCPX's is 0.02%) because there's no security selection cost. ### When was VMCPX launched? Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) launched in December 2010 and is managed by Vanguard. ### How has VMCPX performed? VMCPX'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 VMCPX pay a dividend? Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) currently distributes little or no income. Trailing-twelve-month yield is 1.36%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VMCPX pay dividends? Vanguard Mid-Cap Index Fund Institutional Plus Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VMCPX's dividend yield? VMCPX's trailing-twelve-month yield is 1.36%, calculated from the sum of dividends over the past year divided by the current price. ### When is VMCPX's next ex-dividend date? The most recently announced ex-dividend date for VMCPX 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 VMCPX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.02% 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 VMCPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VMCPX'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 VMCPX cost more than a fund like VOO? VMCPX is a passive index fund (current expense ratio 0.02%). 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 VMCPX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VMCPX (0.02%) 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/vmcpx - Distribution history: https://www.dividenddata.com/funds/vmcpx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vmcpx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vmcpx/expenses - Peer comparison: https://www.dividenddata.com/funds/vmcpx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.