Core Insights - The Vanguard Mega Cap Growth ETF (MGK) and the Schwab U.S. Large-Cap Growth ETF (SCHG) provide low-cost exposure to U.S. large-cap growth stocks, but differ in concentration and diversification strategies [1][2] Cost and Size Comparison - MGK has an expense ratio of 0.07%, while SCHG has a lower expense ratio of 0.04%, making SCHG slightly more affordable for fee-conscious investors [3] - As of January 11, 2026, MGK's one-year return is 21.82% compared to SCHG's 18.59% [3] - Both ETFs have nearly identical dividend yields, with MGK at 0.35% and SCHG at 0.36% [3] - MGK has assets under management (AUM) of $32.5 billion, while SCHG has a larger AUM of $52.9 billion [3] Performance and Risk Comparison - Over the past five years, MGK experienced a maximum drawdown of -36.02%, while SCHG had a slightly lower drawdown of -34.59% [4] - The growth of a $1,000 investment over five years would result in $2,013 for MGK and $2,015 for SCHG, indicating similar performance [4] Portfolio Composition - SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index and holds 198 large-cap stocks, with technology making up approximately 45% of its total assets [5] - MGK is more concentrated, holding only 66 stocks, with nearly 56% of its assets allocated to the technology sector [6] - The top three holdings for both ETFs are Nvidia, Apple, and Microsoft, but they account for nearly 37% of MGK's assets compared to about 30% for SCHG [6] Investment Implications - MGK's concentrated approach may lead to higher volatility and greater susceptibility to market fluctuations, while SCHG's diversified strategy may reduce short-term volatility [7][9] - Investors seeking broader access to large-cap stocks may prefer SCHG, while those targeting the largest companies in the tech sector may find MGK more appealing [10]

Core Insights - Amplius Wealth Advisors sold 27,345 shares of Invesco QQQ Trust, valued at approximately $15.7 million, during the third quarter, reducing its stake in the ETF [1][2][7] - The remaining shares held by Amplius at the end of the third quarter totaled 44,215, representing 2.3% of the firm's 13F assets under management (AUM) [2][3] Financial Metrics - As of the latest market close, Invesco QQQ Trust's price was $617.10, reflecting a 25% increase over the past year, outperforming the S&P 500's nearly 17% gain [3][4] - The total AUM for Invesco QQQ Trust is reported at $402.1 billion, with a one-year total return of 24% [4] Investment Strategy - The sale of QQQ shares is part of a tactical rebalancing strategy by Amplius, rather than a complete shift away from growth investments [7][10] - Despite the reduction in QQQ holdings, Amplius maintains significant exposure through its Amplius Aggressive Asset Allocation ETF (AAAA), which allocates 12.7% of its assets to QQQ [7][10] Market Position - Invesco QQQ Trust is recognized as a leading ETF that provides targeted access to the NASDAQ-100 Index, focusing on large-cap growth stocks, particularly in the technology sector [6][9] - The ETF's structure allows for liquid access to growth-oriented equities, making it a barometer for market leadership in innovation-driven sectors such as cloud computing, AI, and semiconductors [9][11]