Mega Cap ETF (MGC)

Also available as a 

mutual fund.

portfolio.Content-187 CRSP US Mega Cap Index

  Fact sheet (12/31/2013)

Characteristics

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Stocks
Diversified index portfolio of the largest-capitalization stocks in the United States.



Expected range
Central tendency

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Market capitalization
as of 03/31/2014

  MGC Benchmark

CRSP U.S. Mega Cap Index

+/- Weight
Large 53.3% 53.3% 0.0%
Medium/Large 36.8% 36.8% 0.0%
Medium 9.9% 9.9% 0.0%
Medium/Small 0.0% 0.0% 0.0%
Small 0.0% 0.0% 0.0%
Total 100.0% 100.0%  

More information about market capitalization  


Fundamentals
as of 03/31/2014

  MGC Benchmark

CRSP U.S. Mega Cap Index

+/- Weight
Number of stocks 301 301 0
Median market cap $86.0 billion $85.3 billion $0.7 billion
  MGC Benchmark

CRSP U.S. Mega Cap Index

Earnings growth rate 12.3% 12.1%
Short-term reserves 0.02% N/A
P/E ratio 18.3x 18.3x
P/B ratio 2.6x 2.7x
Turnover rate (Fiscal year-end 08/31/2013) 9.6% N/A
Return on equity 19.2% 19.1%
Foreign holdings N/A

Composition

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Holdings
 
% of funds*
 
Sector
 
Market value
 
Shares
 
Apple Inc. (AAPL) 3.23% Computer Hardware $31,575,341 58,828
Exxon Mobil Corp. (XOM) 2.84% Integrated Oil & Gas $27,819,069 284,798
Google Inc. Class A (GOOG) 2.10% Internet $20,556,022 18,444
Microsoft Corp. (MSFT) 2.06% Software $20,185,362 492,446
Johnson & Johnson (JNJ) 1.87% Pharmaceuticals $18,314,984 186,450
Wells Fargo & Co. (WFC) 1.76% Banks $17,251,473 346,833
General Electric Co. (GE) 1.75% Diversified Industrials $17,108,216 660,804
JPMorgan Chase & Co. (JPM) 1.55% Banks $15,149,209 249,534
Chevron Corp. (CVX) 1.53% Integrated Oil & Gas $14,961,970 125,826
Berkshire Hathaway Inc. Class B (BRK.B) 1.52% Reinsurance $14,860,183 118,910
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Holdings policy for this fund  

Sector categories are based on the Industry Classification Benchmark system.

Percentages may not add up to 100%. SEC regulations allow us to withhold a certain amount of holdings as proprietary information.

People and process

Firms

Vanguard Equity Investment Group

Product management

Vanguard Mega Cap ETF seeks to track the investment performance of the CRSP US Mega Cap Index, a broadly diversified index of stocks of the largest U.S. companies. The fund uses the replication method of indexing, meaning that it holds the same stocks as its target index, and in approximately the same proportions. The experience and stability of Vanguard’s Equity Investment Group have permitted continuous refinement of techniques for reducing tracking error. The group uses proprietary software to implement trading decisions that accommodate cash flow and maintain close correlation with index characteristics. Vanguard’s refined indexing process, combined with low management fees and efficient trading, has provided tight tracking net of expenses.

Vanguard Equity Investment Group

Firm description

Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer and managing director, Mortimer J. Buckley oversees Vanguard’s Equity Investment and Fixed Income Groups. Joseph Brennan, CFA, Principal of Vanguard and head of Vanguard’s Equity Index Group, has oversight responsibility for all equity index funds managed by the Equity Investment Group. John Ameriks, Ph.D., Principal of Vanguard and head of Vanguard’s Active Equity Group, has oversight responsibility for all active equity funds managed by the Equity Investment Group. The Equity Investment Group manages indexed and structured equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks. The group has advised Vanguard Mega Cap ETF since 2007.

Investment Manager Biography

Ryan E. Ludt, Principal

  • Portfolio manager.
  • Advised the fund since 2007.
  • Worked in investment management since 1997.
  • B.S., The Pennsylvania State University.

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