VANGUARD MEGA CAP VALUE INDEX FUND

VANGUARD WORLD FUND · Series S000019699 · 2 share classes

Equity fund · 99% stocks
One fund, 2 share classes:VMVLXMGV
$11.98B NAV
132 positions · as of 2026-02-28 · filed 2026-04-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

Vanguard Mega Cap Value ETF, an exchange-traded share class of Vanguard Mega Cap Value Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States.

Strategy · summarised

The fund tracks the CRSP U.S. Mega Cap Value Index through full replication, holding all or substantially all index constituents in their index weights to capture the performance of value-oriented stocks among the largest U.S. companies. Because the fund attempts to hold each stock in approximately the same proportion as the Target Index, its returns will diverge from the index to the extent it does not achieve perfect replication.

Expenses
0.05% 0.05%across 2 share classes
Share classExpense ratio
VMVLX0.05%
MGV0.05%

Portfolio turnover 8.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.75%
of net assets
Stocks99.28%
Cash & short-term0.49%
Derivatives-0.02%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 12 new5 exited

Largest new: MCD, TMUS, AMT, SHW, MSTR

Largest exited: ORCL, BDX, PSA, CHTR

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
JPMorgan Chase & CoJPM3.83%$458.91M
Berkshire Hathaway IncBRK/B3.47%$416.02M
Exxon Mobil CorpXOM3.21%$384.59M
Johnson & JohnsonJNJ2.99%$357.94M
Walmart IncWMT2.80%$335.53M
Micron Technology IncMU2.32%$277.51M
Costco Wholesale CorpCOST2.24%$267.89M
AbbVie IncABBV2.05%$245.29M
The Procter & Gamble CoPG1.95%$233.64M
The Home Depot IncHD1.89%$226.65M
Showing 10 of 132Sign in to see more

Top 10 positions are 26.74% of net assets, top 25 48.19%, across 124 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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