MGV ETF — Vanguard Mega Cap Value Index Fund

Vanguard Mega Cap Value Index Fund (MGV)

Updated October 16, 2026.

MGV is a low-cost ETF that tracks the Vanguard Mega Cap Value Index. its distribution rate is 1.75%, its trailing-12-month yield is 1.85%, its expense ratio is 0.05%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Total return is 432.8% over the past 18.8 years, 192.4 points behind SPY at 625.2%.

Vanguard Mega Cap Value Index Fund is an ETF that tracks a float-adjusted, market-capitalization-weighted index of large-cap value stocks in the United States, holding each stock in approximately the same proportion as its weighting in the index. The fund distributes quarterly and carries a modest current distribution rate, with a very low expense ratio of 0.05%. It appeals to investors seeking broad exposure to large-cap U.S. value stocks with minimal costs and regular income distributions.

MGV performance versus SPY

Price and return data through 2026-10-16.

Total return is 432.8% over the past 18.8 years, 192.4 points behind SPY at 625.2%. Over the past year its total return — price change plus distributions reinvested — is 23.8%. Its deepest 1-year drawdown was 6.4%.

MGV key facts

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

1.68%

Issuer

Vanguard

Asset type

ETF

Asset class

Equity

Inception date

12/17/2007

Expense ratio

0.05%

Distribution rate

1.75%

Distribution frequency

Quarterly

Trailing yield

1.85%

Last close

$165.68 (as of 2026-10-16)

AUM

$13,685,631,779

Average volume

252089.0

Dividend

$0.7244

Ex-dividend date

09/28/2026

Payment date

09/30/2026

Beta

0.66

How Dividend Vision calculates yield and returns

Distribution rate (1.75%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.85%) 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 Value 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.

MGV risks and drawbacks

MGV'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. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.4%.

Who may consider MGV — and who may not

MGV 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 (MGV pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MGV

• MGV dividend calendar
• MGV dividend history
• All tickers starting with M

Tagged: Index.

Frequently asked questions

More securities from Vanguard.