Vanguard Growth Index Fund ETF Shares (NYSE: VUG) employs an indexing investment approach designed to track the performance of the index, a broadly diversified index predominantly made up of growth stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Fund Overview
- Net Assets: 222.21 Billion
- NAV: 344.25
- PE Ratio: 41.43
- Dividend Yield: 0.53%
- Expense Ratio: 0.04%
Vanguard Growth Index Fund ETF Shares aims to replicate the CRSP US Large Cap Growth Index’s performance, offering investors an investment vehicle to mirror the performance of major growth stocks in the United States. It employs a passively managed, full-replication strategy. Vanguard Growth Index Fund ETF Shares is one of the best growth ETFs to buy. The fund was established on January 26, 2004. As of March 27, 2024, Vanguard Growth Index Fund ETF Shares holds $222.21 billion in net assets, with a portfolio of 208 stocks and an expense ratio of 0.04%.
Tesla, Inc. is one of the top holdings of Vanguard Growth Index Fund ETF Shares. On March 27, Bradley Gerstner, CEO of Altimeter Capital, said that investing in Elon Musk as a “no brainer,” especially in the era of artificial intelligence where Musk is pioneering market-leading models. Gerstner recently bought Tesla, Inc. stocks, emphasizing Musk’s exceptional leadership as a product engineer. He highlighted Tesla’s Full Self-Driving Beta v12 launch as a catalyst for his bullish outlook on the stock.
Top 10 Holdings (56.26% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| Microsoft Corp | MSFT | 12.86% |
| Apple Inc | AAPL | 11.17% |
| NVIDIA Corp | NVDA | 7.76% |
| Amazon.com Inc | AMZN | 6.87% |
| Meta Platforms Inc Class A | META | 4.55% |
| Alphabet Inc Class A | GOOGL | 3.43% |
| Alphabet Inc Class C | GOOG | 2.84% |
| Eli Lilly and Co | LLY | 2.69% |
| Tesla Inc | TSLA | 2.28% |
| Visa Inc Class A | V | 1.81% |
Therefore, VUG is the best large-cap growth ETF, with a low expense ratio, to own for long-term.