Vanguard Morningstar Mega Cap Growth ETF (MGK)
Vanguard Morningstar Mega Cap Growth ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $90.21, up 0.23% on the session, giving a market capitalisation of $34.79B. Its beta of 1.26 implies it has historically moved more than the broad market.
The Vanguard Mega Cap Growth ETF (MGK) aims to replicate the performance of the CRSP US Mega Cap Growth Index. It achieves this through a passively managed, full-replication strategy, meaning it invests in all constituents of the index. This provides investors with a straightforward and diversified avenue to gain exposure to the largest, growth-oriented companies within the U.S. market. For 75% of its total assets, specific investment limitations are in place: the fund is generally prohibited from acquiring more than 10% of the outstanding voting shares of any single company. Additionally, it typically cannot invest more than 5% of its total assets in the securities of any one issuer, unless necessary to closely align the portfolio with the target index's composition. These limitations do not, however, extend to obligations issued by the U.S. government or its associated agencies and instrumentalities.
Vanguard Morningstar Mega Cap Growth ETF is most often compared with the following Financial Services names: