On December 17th, Vanguard launched three new Mega ETFs:
Vanguard Mega Cap 300 ETF (MGC): Track MSCI Large-Cap US 300 Index
Vanguard Mega Cap 300 Growth ETF (MGK): Track MSCI US Large-Cap Growth Index
Vanguard Mid-Cap Value ETF (VOE): Track MSCI US Large-Cap Value Index
All three funds have an expense ratio (ER) of 0.17%. According to MSCI, the Large-Cap 300 Index
represents the universe of large capitalization companies in the US equity market. This index targets for inclusion 300 companies and represents, as of October 29, 2004, approximately 71% of the capitalization of the US equity market.
And both the Growth and Value Indices are subsets of the 300 Index.
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