Vanguard Mega Cap 300 Growth ETF (MGK)
The Vanguard Mega Cap 300 Growth ETF (MGK) is a large growth, large market cap fund. This fund has 100% of all of the assets investing in stocks. The current stock price of this fund is at $42.54 on January 19, 2010. This fund has a total of $382.9 million in assets.
The top five holdings of this fund make up 18.69% of the fund’s total assets. The largest is Microsoft which is 4.93% of the fund. Next is Apple, Inc. with 3.93% of the fund. OIBM is third with 3.76% of the fund’s assets and Cisco is fourth with 3.23% of the fund’s assets. The Fifth is Google that makes up 2.84% of this fund’s total asset.
The top sectors of investment of this fund are hardware with 18.4%, consumer services with 14.6%, healthcare with 13.8%, consumer goods with 13.0%, and software at 8.7%.
This funds attempts to track the performance measurement of its index benchmark with the largest possible return on capital growth stocks in the domestic market. Its one year performance is at 35.02% while the benchmark for which it attempts to copy, the MSCI US large cap Growth Index was at 35.26%.
This is a good investment for those looking to invest in large cap growth stocks at a low price that have a long term investment plan. The expenses associated with this fund are currently at 0.13%.
The manager of this fund is Michael Perre and he has lead this fund since its inception on December 17, 2007.
The Vanguard funds are managed and operated by one of the world’s leaders in equity and fixed income investments. The Vanguard Mega Cap 300 Growth ETF (MGK) is part of this empire.