- What does VMGRX invest in?
- 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.
- What is the expense ratio of VMGRX?
- Vanguard Mid-Cap Growth Fund (VMGRX) charges an expense ratio of 0.33%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VMGRX?
- Vanguard Mid-Cap Growth Fund (VMGRX) manages $3.00B 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 VMGRX actively managed or an index fund?
- VMGRX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VMGRX's is 0.33%) in exchange for the discretion to over- or under-weight positions.
- When was VMGRX launched?
- Vanguard Mid-Cap Growth Fund (VMGRX) launched in December 1997 and is managed by Vanguard.
- How has VMGRX performed?
- VMGRX'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.
