VMCPX Mutual Fund — Vanguard Mid-Cap Index Fund Institutional Plus Shares

Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX)

Updated October 16, 2026.

VMCPX is a low-cost Mutual Fund. its distribution rate is 1.45%, its trailing-12-month yield is 1.38%, its expense ratio is 0.02%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 454.9% over the past 15.8 years, 256.6 points behind SPY at 711.5%.

Vanguard Mid-Cap Index Fund Institutional Plus Shares is a mutual fund that tracks the CRSP U.S. Mid Cap Index by investing in a broadly diversified portfolio of mid-size U.S. companies, holding each stock in approximately the same proportion as its index weighting. The fund has a modest current distribution rate and pays distributions quarterly, with a very low expense ratio of 0.02%. It appeals to investors seeking broad mid-cap market exposure with minimal costs.

VMCPX performance versus SPY

Price and return data through 2026-10-16.

Total return is 454.9% over the past 15.8 years, 256.6 points behind SPY at 711.5%. Over the past year its total return — price change plus distributions reinvested — is 13.0%. Its deepest 1-year drawdown was 8.1%.

VMCPX key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

1.41%

Issuer

Vanguard

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.02%

Distribution rate

1.45%

Distribution frequency

Quarterly

Trailing yield

1.38%

Last close

$433.97 (as of 2026-10-16)

NAV

$451.98 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$102,759,694,336

Average volume

0.0

Dividend

$1.576

Ex-dividend date

09/28/2026

Payment date

09/29/2026

Beta

0.94

How Dividend Vision calculates yield and returns

Distribution rate (1.45%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.38%) 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; 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.

VMCPX risks and drawbacks

VMCPX'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 8.1%.

Who may consider VMCPX — and who may not

VMCPX 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 (VMCPX 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 VMCPX

• All tickers starting with V

Tagged: Mutual Fund.

Frequently asked questions

More securities from Vanguard.