Vanguard Mid-Cap Growth Fund
VMGRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Dec 31, 1997
- CIK
- 0001004655
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard Mid-Cap Growth Fund (VMGRX) is an actively managed mutual fund offered by The Vanguard Group Inc. that seeks capital appreciation by investing primarily in common stocks of mid-capitalization U.S. companies exhibiting growth characteristics, such as high earnings growth rates, strong sales momentum, and innovative business models. The fund's portfolio typically includes 50 to 70 holdings selected through a bottom-up fundamental analysis process focusing on companies with market capitalizations generally between $2 billion and $20 billion; key sectors include technology, consumer discretionary, healthcare, and industrials, with top holdings often comprising names like Applied Materials Inc., Amphenol Corp., and Palo Alto Networks Inc. It provides investors with diversified exposure to mid-cap growth equities via a low-cost share class structure, including investor shares (VMGRX) with an expense ratio of approximately 0.36%, and maintains a benchmark against the CRSP US Mid Cap Growth Index. Operated globally by Vanguard, headquartered in Malvern, Pennsylvania, and founded in 1975 as part of The Vanguard Group's pioneering low-cost indexing revolution, the fund serves long-term investors including retirement plans, individual accounts, and institutional portfolios targeting U.S. domestic growth opportunities. Vanguard, the fund's sponsor and investment manager, oversees approximately $9 trillion in assets under management as of late 2025, emphasizing passive and active strategies across equities, fixed income, and multi-asset solutions; VMGRX operates without notable subsidiaries but benefits from Vanguard's shared institutional resources and proprietary research capabilities. The fund distributes dividends quarterly and capital gains annually, with a minimum initial investment of $3,000 for investor shares. In recent developments, the fund underwent a portfolio manager transition in 2024, with veteran managers Matthew Benchener and James Anderson assuming primary responsibility following the retirement of longtime lead manager Walter Nejman, aiming to maintain continuity in the growth-oriented investment approach amid evolving market dynamics. Additionally, Vanguard announced strategic enhancements to its active equity platform in mid-2025, including expanded use of quantitative models and ESG integration options for funds like VMGRX, responding to investor demand for sustainable growth strategies without altering core mid-cap focus. No major acquisitions, funding rounds, or name changes have occurred specific to VMGRX in the last two years, though Vanguard as a whole completed the acquisition of additional quantitative research capabilities through a partnership with a leading data analytics firm in early 2025 to bolster funds across its active lineup.