# Vanguard Mid-Cap Growth Fund (VMGRX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vmgrx 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: Actively Managed · Inception: 1997-12-31 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 ch... ## Key Facts | Metric | Value | |---|---| | Price | $23.96 | | Expense Ratio | 0.33% | | Assets Under Management | $2.70B | | NAV | $23.96 | | Holdings Count | 0 | | Distribution Yield (TTM) | 18.40% | | Annual Distribution (TTM) | $4.41 /share | | Distribution Frequency | Annual | | 52-Week Range | $20.89 – $29.84 | | Beta | 1.32 | ## Latest Distribution - Amount: $4.4095 /share - Ex-date: 2025-12-17 - Pay date: 2025-12-18 ## Frequently Asked Questions ### 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 $2.70B 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. ### Does VMGRX pay a dividend? Vanguard Mid-Cap Growth Fund (VMGRX) currently distributes little or no income. Trailing-twelve-month yield is 18.40%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VMGRX pay dividends? Vanguard Mid-Cap Growth Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VMGRX's dividend yield? VMGRX's trailing-twelve-month yield is 18.40%, calculated from the sum of dividends over the past year divided by the current price. ### When is VMGRX's next ex-dividend date? The most recently announced ex-dividend date for VMGRX was 2025-12-17. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will VMGRX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.33% 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 VMGRX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VMGRX'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 VMGRX cost more than a fund like VOO? VMGRX is actively managed (current expense ratio 0.33%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VMGRX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VMGRX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VMGRX (0.33%) 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/vmgrx - Distribution history: https://www.dividenddata.com/funds/vmgrx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vmgrx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vmgrx/expenses - Peer comparison: https://www.dividenddata.com/funds/vmgrx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.