Morningstar

Vanguard Mega Cap Growth Index Fund Institutional Shares VMGAX

Morningstar Medalist Rating Tracks Morningstar Index
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 884.73  /  +0.52 %
  • Total Assets 33.3B
  • Adj. Expense Ratio
    0.050%
  • Expense Ratio 0.060%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 0.34%
  • Turnover 14%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VMGAX

Will VMGAX outperform in the 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.

A potent large-growth index fund.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

Vanguard Mega Cap Growth index effectively represents the contours of the large-cap growth market, while its low price tag helps remedy the shortcomings of its relatively concentrated portfolio.

by Zachary Evens
Rated on Published on

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Portfolio Holdings VMGAX

More VMGAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 65.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

13.39 5B
Technology

Apple Inc

12.46 4B
Technology

Microsoft Corp

8.82 3B
Technology

Alphabet Inc Class A

5.87 2B
Communication Services

Broadcom Inc

5.11 2B
Technology

Amazon.com Inc

4.80 2B
Consumer Cyclical

Alphabet Inc Class C

4.61 2B
Communication Services

Tesla Inc

3.94 1B
Consumer Cyclical

Meta Platforms Inc Class A

3.71 1B
Communication Services

Eli Lilly and Co

3.07 1B
Healthcare

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