VANGUARD MEGA CAP VALUE INDEX FUND
U.S. stock index ETF · tracks CRSP U.S. Mega Cap Value Index
As of its 2026 Q2 report, VANGUARD MEGA CAP VALUE INDEX FUND held 128 positions with $12.66B in net assets. Its ten largest holdings made up 28.3% of the fund. The MGV share class costs 0.05% a year. Over the 12 months to May 2026, MGV returned 26.8%, with dividends reinvested. In 2026 Q2 it added 8 new positions and exited 12.
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.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
5.26% | $665.48M | 685.4K | $971.00 | |
3.64% | $460.89M | 1.5M | $299.31 | |
3.15% | $398.84M | 840.6K | $474.48 | |
2.91% | $368.57M | 2.5M | $145.26 | |
2.61% | $330.66M | 1.5M | $225.33 | |
WMTWalmart Inc | 2.44% | $308.97M | 2.7M | $115.75 |
INTCIntel Corp | 2.20% | $279.05M | 2.4M | $114.68 |
2.06% | $260.67M | 2.2M | $120.42 | |
2.04% | $258.48M | 270.3K | $956.32 | |
1.96% | $248.16M | 283.3K | $875.87 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 128 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.52% |
| Cash & short-term | 0.37% |
| Derivatives | -0.00% |
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.
By sector
- Financials
- 22.7%
- Information Technology
- 18.0%
- Health Care
- 16.0%
- Industrials
- 13.6%
- 9 other sectors
- 29.7%
- Financials
- 22.7%
- Information Technology
- 18.0%
- Health Care
- 16.0%
- Industrials
- 13.6%
- Consumer Staples
- 11.0%
- Energy
- 5.9%
- Consumer Discretionary
- 3.4%
- Communication Services
- 3.2%
- Materials
- 2.3%
- Utilities
- 2.3%
- Real Estate
- 1.2%
- Cash
- 0.4%
- International
- 0.0%
How it has done
MGV share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.79%. Past returns are a record, not a forecast.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.05% | +26.75% | +70.90% | +76.03% | -7.20% | |
| 0.05% | +26.75% | +70.87% | +75.91% | -7.20% |
These classes hold the same portfolio, so the 0.13pp spread over 5 years is the cost difference between them — roughly 0.03pp a year — not a difference in what they own.
Fees & fund details
VANGUARD MEGA CAP VALUE INDEX FUND is a U.S. equity index ETF that tracks the CRSP U.S. Mega Cap Value Index. 2% of MGV’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.05% – 0.05%· MGV 0.05%
- Portfolio turnover
- 8.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
8 new· the largest 4
12 exited· the largest 7
Understand how this fund fits with the rest.
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