VANGUARD MID-CAP GROWTH FUND

VANGUARD WHITEHALL FUNDS · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:VMGRX
$2.83B NAV
49 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

VANGUARD MID-CAP GROWTH FUND is an actively managed U.S. equity fund. 52% of VMGRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

Vanguard Mid-Cap Growth Fund (the Fund) seeks to provide long-term capital appreciation.

Strategy · summarised

The fund actively selects mid-size companies—those within the market-cap range of the Russell Mid Cap Growth Index—that the advisor believes offer the best prospects for future growth. Because returns depend on the advisor's security selection, the fund's performance may diverge materially from that of mid-cap growth stocks generally.

Expenses
0.34%one share class
Share classGrossNetAs of
VMGRX0.33%0.34%2025 Q4

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 128.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.48%
of net assets
Stocks98.90%
Cash & short-term3.58%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Industrials20.5%
Information Technology20.5%
Consumer Discretionary18.8%
Communication Services10.5%
8 smaller29.7%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
52%of stock holdings in top-quartile growers
covering 89% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 8 new12 exited

New: AIXTRON SE, SMTC, PANW, FTAI, FCFS, VLO, ONDS, CyberArk Software Ltd

Largest exited: LPLA, CyberArk Software Ltd, NCNO, CPAY, EVR, AXON, Global-e Online Ltd, WBD

Return profile

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

1-year
+14.19%
3-year
+42.99%
5-year
+9.70%
Volatility
17.67%
Worst 3-yr fall
-15.08%
Cumulative return· May 2023 – Apr 2026

Holdings

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

Issuer%NAVValue
Vanguard Cmt Funds-Vanguard Market Liquidity Fund3.58%$101.30M
AIXTRON SE3.46%$97.84M
Bloom Energy CorpBE3.44%$97.18M
Live Nation Entertainment IncLYV3.13%$88.61M
Spotify Technology SASPOT2.87%$81.06M
Howmet Aerospace IncHWM2.82%$79.85M
DoorDash IncDASH2.81%$79.61M
Semtech CorpSMTC2.77%$78.24M
Affirm Holdings IncAFRM2.68%$75.70M
Roku IncROKU2.66%$75.32M
Showing 10 of 49Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 30.22% of net assets, top 25 66.70%, across 49 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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