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Vanguard Growth Index Fund (VGRO)

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description Vanguard Growth Index Fund (VGRO) Overview

The Vanguard Growth Index Fund (VGRO) is a mutual fund designed for investors seeking long-term growth through a diversified portfolio. It tracks a broad index of large-cap U.S. stocks, offering an efficient and cost-effective way to participate in the overall market’s expansion. This fund simplifies investment by providing a balanced allocation suitable for individuals with a moderate risk tolerance and those prioritizing passive investing strategies.

help Vanguard Growth Index Fund (VGRO) FAQ

Is VGRO a mutual fund or an ETF?

Despite the catalog label, VGRO is the Vanguard Growth ETF Portfolio, an exchange-traded fund listed in Canadian dollars on the Toronto Stock Exchange under ticker VGRO. Vanguard lists its inception date as January 25, 2018, and it is bought through a brokerage like a stock. ([Vanguard VGRO page](https://www.vanguard.ca/en/product/etf/asset-allocation/9579/vanguard-growth-etf-portfolio))

What is VGRO's stock and bond allocation?

Vanguard targets approximately 80% equities and 20% fixed income through underlying index ETFs covering Canadian, U.S., developed-market, emerging-market, and bond holdings. That diversification does not remove market risk because an 80% equity portfolio can still fall substantially during a downturn. ([Vanguard VGRO strategy](https://www.vanguard.ca/en/product/etf/asset-allocation/9579/vanguard-growth-etf-portfolio))

How does VGRO differ from VEQT or VBAL?

VGRO targets a growth mix of about 80% stocks and 20% bonds, while VEQT is Vanguard's all-equity portfolio and VBAL is the more balanced option. These are strategic allocation targets, not guaranteed returns or a personal recommendation.

What management fee does VGRO charge?

Vanguard says VGRO's management fee was reduced to 0.17% effective November 18, 2025, while the posted MER can differ because it is calculated at fiscal year end. Fees, holdings, and market prices can change, so check the latest fund facts before trading. ([Vanguard fee information](https://www.vanguard.ca/en/product/etf/asset-allocation/9579/vanguard-growth-etf-portfolio))

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