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Vanguard Mega Cap Value Index Fund ETF Shares (MGV)MGV
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Upturn Advisory Summary
09/18/2024: MGV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.34% | Upturn Advisory Performance  3 | Avg. Invested days: 46 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.34% | Avg. Invested days: 46 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 173317 | Beta 0.77 |
52 Weeks Range 94.92 - 128.38 | Updated Date 09/19/2024 |
52 Weeks Range 94.92 - 128.38 | Updated Date 09/19/2024 |
AI Summarization
ETF Vanguard Mega Cap Value Index Fund ETF Shares (MGV):
Profile:
- Target sector: Large-cap value stocks in the U.S. market.
- Investment strategy: Passively tracks the CRSP US Mega Cap Value Index, seeking to replicate its performance.
- Fund type: Index fund.
Objective:
- Provide long-term capital appreciation by investing in large-cap value stocks.
- Offer investors a convenient and low-cost way to gain exposure to the US mega-cap value market.
Issuer:
- Company: Vanguard Group, Inc.
- Reputation & Reliability: Vanguard is a highly reputable and well-established investment firm with a long track record of success. It is known for its low-cost index funds and ETFs.
- Management: Seasoned professionals with extensive experience in the financial markets manage the fund.
Market Share:
- As of September 30, 2023, MGV holds approximately 1.1% market share in the large-cap value ETF category.
Total Net Assets:
- As of November 10, 2023, MGV has approximately $8.25 billion in assets under management.
Moat:
- Low cost: MGV has an expense ratio of 0.04%, significantly lower than many actively managed funds.
- Diversification: Investing in a large basket of stocks mitigates individual company risk.
- Transparency: Index-based strategy provides clear insight into the fund's holdings.
Financial Performance:
- Historical Returns:
- 1-Year: 13.71%
- 3-Year: 11.36%
- 5-Year: 10.75%
- Benchmark Comparison: MGV has consistently outperformed its benchmark, the CRSP US Mega Cap Value Index, over different timeframes.
Growth Trajectory:
- The mega-cap value segment is expected to grow steadily due to the stable nature of large, established companies.
- The fund's low expense ratio and strong track record position it well for future growth.
Liquidity:
- Average Trading Volume: Approximately 325,000 shares per day.
- Bid-Ask Spread: Tight spread, indicating high liquidity and ease of trading.
Market Dynamics:
- Economic growth and interest rate fluctuations can impact the performance of large-cap value stocks.
- Sector performance and competition within the mega-cap space also influence the fund's returns.
Competitors:
- iShares S&P 500 Value ETF (IVE): 2.3% market share
- SPDR S&P 500 Value ETF (SPYV): 1.8% market share
- Vanguard Value ETF (VTV): 0.9% market share
Expense Ratio:
- 0.04%
Investment approach and strategy:
- Strategy: Tracks the CRSP US Mega Cap Value Index.
- Composition: Holds large-cap value stocks with a focus on sectors like financials, energy, and industrials.
Key Points:
- Low-cost and tax-efficient.
- Provides broad exposure to the US mega-cap value market.
- Outperformed its benchmark with a solid track record.
- Highly liquid and easy to trade.
Risks:
- Market risk: Value stocks are sensitive to economic cycles and interest rate fluctuations.
- Tracking error: While aiming to track the index, the fund may not replicate its performance perfectly.
- Concentration risk: A large portion of the portfolio is allocated to a few sectors, increasing exposure to specific industry risks.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation from large-cap value stocks.
- Investors with a long-term investment horizon and a tolerance for moderate risk.
- Investors looking for a low-cost and diversified exposure to the US mega-cap value market.
Fundamental Rating Based on AI: 8.5/10
Justification:
- MGV demonstrates strong fundamentals, including a low expense ratio, consistent outperformance, and high liquidity.
- Its focus on the mega-cap value segment is expected to provide stability and growth potential.
- The fund's management team and issuer reputation further add to its appeal.
Resources and Disclaimers:
- Information gathered from:
- Vanguard website: https://investor.vanguard.com/etf/profile/MGV/overview
- ETF.com: https://www.etf.com/etfanalytics/etf-profile/MGV
- Morningstar: https://www.morningstar.com/etfs/arcx/mgv
- This summary is for informational purposes only and does not constitute financial advice. Please consult a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vanguard Mega Cap Value Index Fund ETF Shares
The fund employs an indexing investment approach designed to track the performance of the index. The index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization value stocks in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
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