Assets under management: $164.6 billion

Dividend yield: 0.5%

Expenses: 0.04%

The Vanguard Growth ETF (VUG, $422.06) charges 0.04% annually, providing investors with a low-cost option to invest in large-cap growth stocks.

And at $165 billion in assets under management, it's one of the biggest growth ETFs you can buy.

This fund tracks the performance of the CRSP US Large Cap Growth Index.

This index classifies growth stocks using six factors, including three-year historical growth in earnings per share and sales per share as well as return on assets.

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The result is a diversified group of roughly 170 large-cap growth stocks with a median market cap of approximately $1.1 trillion.

In other words, the average VUG holding is a mega-cap stock.

Tech stocks account for approximately 59% of the fund's total net assets, with consumer discretionary stocks the next-highest sector weighting at 19%.

VUG's top 10 holdings make up about 58% of the fund's total net assets and are led by Microsoft, Nvidia and Apple.

The growth characteristics are apparent. The portfolio's typical stock has averaged a 27% earnings growth rate over the past five years – and they're priced like it, trading at 37 times earnings and 11 times book value.

VUG, whose annual turnover is 11%, has averaged an annualized total return of 15% over the past decade.