Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Vanguard Mega Cap Growth ETF, an exchange-traded share class of Vanguard Mega Cap Growth Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States.
Strategy. The Fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Growth Index (the Target Index). The Target Index is a float-adjusted, market capitalization-weighted index designed to measure equity market performance of growth companies in the top 70% of investable U.S. equity market capitalization, as determined by the index provider (mega-capitalization stocks). Mega-capitalization stocks are a subset of large-capitalization stocks (also as determined by the index provider) and generally have the largest market capitalization in the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to … The Fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Growth Index (the Target Index). The Target Index is a float-adjusted, market capitalization-weighted index designed to measure equity market performance of growth companies in the top 70% of investable U.S. equity market capitalization, as determined by the index provider (mega-capitalization stocks). Mega-capitalization stocks are a subset of large-capitalization stocks (also as determined by the index provider) and generally have the largest market capitalization in the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to replicate the Target Index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index. The Fund may become nondiversified, as defined under the Investment Company Act of 1940, soley as a result of tracking an index. This could occur due to events such as an index rebalance or market movement. A nondiversified fund may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds. In addition, the Fund could become concentrated in an industry or group of industries if the Target Index becomes concentrated due to market conditions or the performance of a single or related group of issuers.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $3.83B | 13.75% |
| APPLE INC | — | $3.51B | 12.60% |
| MICROSOFT CORP | — | $2.51B | 9.01% |
| ALPHABET INC CL A | — | $1.54B | 5.51% |
| AMAZON.COM INC | — | $1.28B | 4.59% |
| BROADCOM INC | — | $1.23B | 4.40% |
| ALPHABET INC CL C | — | $1.22B | 4.37% |
| TESLA INC | — | $1.16B | 4.18% |
| META PLATFORMS INC CL A | — | $1.16B | 4.17% |
| LILLY ELI and CO | — | $883.56M | 3.17% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD GROWTH INDEX FUND · VIGAX, VIGRX, VIGIX, VUG | 86% | 0.03% |
| Praxis Impact Large Cap Growth ETF · PRXG | 83% | 0.36% |
| iShares Russell Top 200 Growth ETF · IWY | 83% | 0.20% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of February 2, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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