MGC ETF — Vanguard Mega Cap Index Fund

Vanguard Mega Cap Index Fund (MGC)

Updated October 16, 2026.

MGC is a low-cost ETF that tracks the Vanguard Mega Cap Index. its distribution rate is 0.92%, its trailing-12-month yield is 0.92%, its expense ratio is 0.05%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Total return is 676.9% over the past 18.8 years, 57.0 points ahead of SPY at 619.9%.

Vanguard Mega Cap Index Fund is an ETF that tracks the performance of the Vanguard Mega Cap Index, a float-adjusted, market-capitalization-weighted index of large-cap U.S. stocks. The fund holds substantially all of the stocks in its target index in approximately the same proportions. It distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.05%.

MGC performance versus SPY

Price and return data through 2026-10-16.

Total return is 676.9% over the past 18.8 years, 57.0 points ahead of SPY at 619.9%. Over the past year its total return — price change plus distributions reinvested — is 17.1%. Its deepest 1-year drawdown was 9.8%.

MGC key facts

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

0.88%

Issuer

Vanguard

Asset type

ETF

Asset class

Equity

Inception date

12/17/2007

Expense ratio

0.05%

Distribution rate

0.92%

Distribution frequency

Quarterly

Trailing yield

0.92%

Last close

$281.08 (as of 2026-10-16)

AUM

$10,488,966,523

Average volume

73797.0

Dividend

$0.6481

Ex-dividend date

09/28/2026

Payment date

09/30/2026

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (0.92%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.92%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Vanguard or company page; Index: Vanguard Mega Cap Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MGC risks and drawbacks

MGC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.8%.

Who may consider MGC — and who may not

MGC may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (MGC pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on MGC

• All tickers starting with M

Tagged: Index.

Frequently asked questions

More securities from Vanguard.