Morningstar Rating

ETF Research and Analysis

by Alex Bryan
Vanguard Mega Cap Value Index ETF MGV invests in the cheaper half of the U.S. mega-cap market. Its diversified portfolio of giant companies makes it a suitable core holding for long-term investors. Historically, value stocks   Read more 

Bull Case

Historically, value stocks have outperformed growth stocks in nearly every market studied over long time horizons.
This is one of the cheapest value funds available.
The fund's new index should help reduce turnover. Read more 

Bear Case

The fund does not offer meaningful diversification benefits to investors who already have broad exposure to U.S. large-cap stocks.
Value stocks tend to represent companies with relatively high business risk that may underperform during difficult economic environments.
The value premium has historically been the smallest among mega-cap stocks.  Read more 

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