Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard Mid-Cap Growth Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks of mid-size companies. The Fund defines mid-sized companies as companies that have market caps within the range of the smallest market cap company in the Russell Mid Cap Growth Index to the greater of either the largest market cap company in the Russell Mid Cap Growth Index or the 100th largest market cap company in the U.S. market as defined by the Russell 3000 Index. In selecting investments, the advisor invests in those mid-size companies that it believes have the best prospects for future growth. The Fund employs an active management approach. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks of mid-size companies. The Fund defines mid-sized companies as companies that have market caps within the range of the smallest market cap company in the Russell Mid Cap Growth Index to the greater of either the largest market cap company in the Russell Mid Cap Growth Index or the 100th largest market cap company in the U.S. market as defined by the Russell 3000 Index. In selecting investments, the advisor invests in those mid-size companies that it believes have the best prospects for future growth.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WINGSTOP INC | — | $97.31M | 3.30% |
| COSTAR GROUP INC | — | $89.15M | 3.02% |
| ROYAL CARIBBEAN | — | $87.11M | 2.95% |
| Spotify Technology SA | — | $83.85M | 2.84% |
| LIVE NATION ENTERTAINMENT INC | — | $82.73M | 2.80% |
| TKO GROUP HOLDINGS INC | — | $80.92M | 2.74% |
| LPL FINL HLDGS INC | — | $80.66M | 2.73% |
| HOWMET AEROSPACE INC | — | $77.55M | 2.63% |
| CENCORA INC | — | $77.28M | 2.62% |
| Q2 HOLDINGS INC | — | $76.33M | 2.59% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| Tremblant Global ETF · TOGA | 36% | 0.69% |
| Heritage Fund · TWHIX, ATHAX, ATHIX, AHGCX, ATHWX, ATHDX, ATHGX, ATHYX, ACILX | 26% | 0.00% |
| Touchstone Strategic Trust-Touchstone Mid Cap Growth Fund · TEGAX, TOECX, TEGYX, TEGIX, TFGRX | 26% | 0.78% |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 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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