Overview
- MGK is a market-cap-weighted index ETF that tracks the CRSP US Mega Cap Growth Index for targeted exposure to the largest U.S. growth companies.
- Technology makes up nearly 70% of the portfolio, with Nvidia, Apple, and Microsoft accounting for over 38% and the top 10 holdings exceeding two-thirds of assets.
- Following a pullback in leading AI and tech stocks, analysts highlight MGK as a potential entry point and recommend dollar-cost averaging for new positions.
- Recent returns have outpaced the S&P 500—up about 18% year to date versus roughly 13% for the index as of Nov. 17—yet the ETF fell 34% in 2022, reflecting higher downside risk.
- Compared with Vanguard’s S&P 500 ETF, MGK charges a 0.07% expense ratio versus 0.03%, holds 66 stocks versus 504, and yields about 0.4% versus 1.2%, trading diversification and income for a growth tilt.