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Vanguard Mega Cap Growth Index Fund
MGK (Vanguard Mega Cap Growth Index Fund) is an index US Equity ETF by Vanguard. With a 0.05% MER, it provides diversified exposure through 66 holdings. Quarterly distribution with a 0.37% yield.
MGK by Vanguard is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.05% MER makes it one of the most cost-effective options in its category. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).