Summary
Vanguard Morningstar Mid-Cap Growth Index Fund;Admiral is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 124. The ten largest make up 21% of the fund.
- Yearly costs
- 0.07%
- Fund size
- $33.2B
- Positions
- 124
- Dividend yield
- 0.62%
- Running since
- 2011
What speaks for it
- Costs of 0.07% a year are below the middle of comparable funds (0.40%).
- Widely spread: the ten largest positions make up only 21% of the fund.
- A large fund with $33.2B under management.
- Average yearly growth over the last ten years: 11%.
- It has been running since 2011.
What to watch
- 97% of the fund is in one country (United States).
- In the last five years its price once dropped by 38% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.1%
- 3 months
- -1.4%
- This year
- +3.6%
- 1 year
- -1.1%
- 3 years
- +54%
- 5 years
- +15%
- 10 years
- +179%
- Avg. market cap
- $66.9B
- P/E
- 41.7x
- Forward P/E
- 32.2x
- P/S
- 6.1x
- P/B
- 7.9x
- P/FCF
- 38.8x
- EV/EBITDA
- 27.7x
- Dividend yield
- 0.53%
- ROIC
- 11.4%
- ROE
- 16.0%
- Gross margin
- 49.2%
- Operating margin
- 16.8%
- Net margin
- 6.1%
- Payout ratio
- 21.9%
- Net debt/EBITDA
- 3.8x
- Beta
- 1.17
Weighted average of the 50 largest companies, which make up 69% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 NECloudflare NET 2.6%
- 2 PWQuanta Services PWR 2.3%
- 3 VRVertiv VRT 2.2%
- 4 DDDatadog DDOG 2.2%
- 5 HWHowmet Aerospace HWM 2.1%
- 6 HORobinhood HOOD 2.1%
- 7 LILumentum Holdings Inc. LITE 2.1%
- 8 CEConstellation Energy CEG 2.0%
- 9 BEBloom Energy Corporation BE 1.8%
- 10 RORoss Stores, Inc. ROST 1.8%
Positions in the fund: 124. The ten largest make up 21% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Technology 32%
- Industrials 24%
- Consumer cyclical 13%
- Healthcare 9.7%
- Financials 6.9%
- Other 14%
By country
- United States 97%
- Switzerland 1.1%
- Canada 0.9%
- Australia 0.7%
- Other countries 0.2%
By company size
- Large cap 100%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (32%). Largest country: United States (97%). Largest size group: Large cap (100%).
What does it cost me?
Cheap- A year from $10,000
- $7.00
- Over 20 years
- $352
From every $10,000 invested the fund takes $7.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $352.
How has it done?
Growing over the long run- A year on average, 10 years
- +11%
- Deepest drop
- -38%
- Yearly volatility
- 18%
Average yearly growth over the last ten years: 11%. Deepest drop in these years: 38% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.62%
- Payments a year
- 4
- Last payment
- $0.16
Over the last 12 months it paid $0.77 per share, which is 0.62% of today's price. The last payment was $0.16 on Sep 28, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 41.7
- Average Bulios Score
- 60 out of 100
Weight by Bulios Fair Price
- Undervalued 6.8%
- Fairly valued 1.2%
- Overvalued 92%
On average the companies inside trade for 41.7 times their yearly profit. By Fair Price, 92% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 69% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VO VOT Vanguard Morningstar Mid-Cap Growth ETF | United States | 0.05% | $33.2B | -1.5% | Pays out | 100% |
IM IMCG iShares Morningstar Mid-Cap Growth ETF | United States | 0.06% | $4.02B | +13% | Pays out | 48% |
VO VO Vanguard Morningstar Mid-Cap ETF | United States | 0.03% | $216.5B | +9.1% | Pays out | 43% |
IW IWP iShares Russell Mid-Cap Growth ETF | United States | 0.23% | $18.9B | -6.1% | Pays out | 40% |
FE FEMG Fidelity Enhanced Mid Cap Growth ETF | United States | 0.23% | $5.10M | - | Pays out | 37% |
AC ACMG American Century Mid Cap Growth Impact ETF | United States | 0.39% | $103.6M | - | Pays out | 35% |