Investment objective & strategy
As of Dec. 19, 2025 · prospectusObjective. Vanguard S&P 500 Growth ETF, an exchange-traded share class of Vanguard S&P 500 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 S&P 500 Growth Index (the Target Index), which represents the growth companies of the S&P 500 Index, as determined by the Index Provider. The Target Index measures the performance of large-capitalization growth companies 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 Fund employs an indexing investment approach designed to track the performance of the S&P 500 Growth Index (the Target Index), which represents the growth companies of the S&P 500 Index, as determined by the Index Provider. The Target Index measures the performance of large-capitalization growth companies 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, solely 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 Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $3.10B | 14.16% |
| MICROSOFT CORP | — | $2.10B | 9.60% |
| APPLE INC | — | $1.41B | 6.42% |
| ALPHABET INC CL A | — | $1.31B | 5.97% |
| BROADCOM INC | — | $1.09B | 4.96% |
| ALPHABET INC CL C | — | $1.04B | 4.76% |
| META PLATFORMS INC CL A | — | $1.02B | 4.64% |
| AMAZON.COM INC | — | $779.76M | 3.56% |
| BERKSHIRE HATH-B | — | $666.85M | 3.05% |
| LILLY ELI and CO | — | $601.66M | 2.75% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| PROFUND VP LARGE CAP GROWTH | 97% | 1.68% |
| State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF · SPYG | 97% | 0.04% |
| iShares S&P 500 Growth ETF · IVW | 97% | 0.18% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of December 19, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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