Vanguard Mega-Cap Growth Index’s narrow focus on mega-cap stocks breeds a top-heavy portfolio, but its cost advantage and low turnover make the market-cap-weighted strategy a compelling option. Its exchange-traded fund share class retains its Morningstar Analyst Rating of Silver. Its open-end share class receives a downgrade to Silver from Gold.
Vanguard Mega Cap Growth Index Instl VMGAX
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VMGAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMGAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VMGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VMGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
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