MGK: Vanguard Morningstar Mega Cap Growth ETF
Share-split context: A forward split was recorded on Apr 21, 2026 with coefficient 5. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
MGK is the ticker symbol for the Vanguard Morningstar Mega Cap Growth ETF. This fund is designed to invest in very large companies that are expected to grow quickly. It focuses on "mega cap" stocks, which are some of the biggest companies in the market.
What the numbers show
The performance of this ETF can be looked at in two ways: price return and total return. Price return only shows how much the share price changed. Total return includes those price changes plus any distributions (cash payments) the fund gave to investors.
According to the data:
• Year-to-Date (YTD): The price return is approximately 14.98%, while the total return is approximately 15.29%.
• One Year: The price return was approximately 17.30%, and the total return was approximately 17.73%.
• Three Years: The price return was approximately 104.16%, and the total return was approximately 106.80%.
It is important to note that this ETF had a forward split on April 21, 2026. During this event, each old share became five new shares. This caused the quoted per-share price to fall proportionally. However, your proportional ownership of the fund did not change, and the split itself created neither a gain nor a loss.
Top Holdings
The fund's portfolio includes several large companies. Because the list provided is partial, these are the Top Holdings:
• NVIDIA CORP (13.53%)
• APPLE INC (13.20%)
• MICROSOFT CORP (9.50%)
• ALPHABET INC CLASS A (5.99%)
• AMAZON.COM INC (5.16%)
• ALPHABET INC CLASS C (4.78%)
• BROADCOM INC (4.47%)
• META PLATFORMS INC CLASS A (4.10%)
• ELI LILLY AND CO (3.31%)
• TESLA INC (2.95%)
Income and distribution explanation
MGK provides a distribution yield of approximately 0.92%. These distributions are usually paid out quarterly (four times a year). While some investors look for high yields for income, this fund's yield is relatively low compared to its price growth.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Regarding price-based evidence, the fund has an erosion-risk score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Growth: The fund has shown significant total returns over the last one, three, and five years.
• Large Companies: It invests in well-known, massive companies like NVIDIA and Apple.
Cons
• Low Yield: The distribution yield is quite low at approximately 0.92%.
• Concentration: A large portion of the fund is invested in just a few top companies.
Beginner takeaway
MGK is a growth-focused ETF that has seen strong share-price increases over several years. It offers low cash income through distributions but focuses more on the rising value of its shares.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 13.53% |
| 2 | APPLE INC | AAPL | 13.20% |
| 3 | MICROSOFT CORP | MSFT | 9.50% |
| 4 | ALPHABET INC CLASS A | GOOGL | 5.99% |
| 5 | AMAZON.COM INC | AMZN | 5.16% |
| 6 | ALPHABET INC CLASS C | GOOG | 4.78% |
| 7 | BROADCOM INC | AVGO | 4.47% |
| 8 | META PLATFORMS INC CLASS A | META | 4.10% |
| 9 | ELI LILLY AND CO | LLY | 3.31% |
| 10 | TESLA INC | TSLA | 2.95% |