"MGC tracks the CRSP US Mega Cap Index, capturing only the largest publicly traded US companies by market capitalization. Own the biggest, most established businesses in America and let compounding do the work over time."
"Over the past ten years, the fund returned 297%, and over five years it returned nearly 79%. That is a meaningful record for a passively managed, low-cost fund."
"The concentration at the top matters. Nvidia, Apple, and Microsoft together make up roughly 23% of the fund. The top 10 holdings account for close to 40% of total assets."
MGC tracks the CRSP US Mega Cap Index, focusing on the largest US companies by market capitalization. It has a low expense ratio and minimal portfolio turnover, indicating a buy-and-hold strategy. The fund's performance has been strong over the long term, with significant returns over ten and five years. However, its heavy concentration in technology stocks, particularly in top holdings like Nvidia, Apple, and Microsoft, influences its behavior. Year-to-date performance shows a decline, slightly worse than a comparable fund, reflecting its tech-heavy tilt.
Read at 24/7 Wall St.
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