Vanguard Growth ETF switches benchmark index with no immediate impact on investors.

On July 29, 2026, Vanguard changed the benchmark index for its Growth ETF (VUG) from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index following Morningstar's acquisition of CRSP. The fund's investment strategy and holdings remain unchanged, with top companies like NVIDIA, Apple, and Alphabet still dominating. Investors saw no immediate effect, and no action is needed now. However, differences in index methodology could cause gradual shifts in holdings and tax events over time, so investors should monitor future reports for changes.