Vanguard® U.S. Value Factor ETF
Schedule of Investments (unaudited)
As of August 31, 2021
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | ||
Common Stocks (99.7%) | |||
Basic Materials (6.2%) | |||
Dow Inc. | 49,142 | 3,091 | |
Freeport-McMoRan Inc. | 58,610 | 2,133 | |
Newmont Corp. | 34,564 | 2,004 | |
Nucor Corp. | 11,235 | 1,321 | |
Mosaic Co. | 30,827 | 992 | |
Steel Dynamics Inc. | 13,487 | 910 | |
U.S. Steel Corp. | 30,836 | 825 | |
Reliance Steel & Aluminum Co. | 5,395 | 809 | |
International Paper Co. | 12,001 | 721 | |
* | Koppers Holdings Inc. | 21,241 | 699 |
Westlake Chemical Corp. | 7,457 | 651 | |
GrafTech International Ltd. | 52,725 | 584 | |
Eastman Chemical Co. | 4,594 | 520 | |
* | Alto Ingredients Inc. | 95,867 | 488 |
Boise Cascade Co. | 8,122 | 470 | |
* | AdvanSix Inc. | 12,618 | 461 |
* | TimkenSteel Corp. | 30,464 | 417 |
Glatfelter Corp. | 26,270 | 415 | |
Huntsman Corp. | 15,614 | 413 | |
Ashland Global Holdings Inc. | 4,458 | 406 | |
Tronox Holdings plc Class A | 18,100 | 382 | |
Valvoline Inc. | 12,508 | 377 | |
Chemours Co. | 11,147 | 374 | |
Schnitzer Steel Industries Inc. Class A | 7,778 | 368 | |
Commercial Metals Co. | 10,598 | 346 | |
LyondellBasell Industries NV Class A | 2,855 | 287 | |
Olin Corp. | 5,498 | 274 | |
Olympic Steel Inc. | 10,043 | 274 | |
* | Rayonier Advanced Materials Inc. | 38,145 | 269 |
* | Univar Solutions Inc. | 11,270 | 266 |
FutureFuel Corp. | 30,599 | 245 | |
Timken Co. | 3,221 | 237 | |
* | Kraton Corp. | 5,517 | 232 |
Neenah Inc. | 4,451 | 224 | |
* | Intrepid Potash Inc. | 7,006 | 217 |
Schweitzer-Mauduit International Inc. | 5,265 | 202 | |
* | Clearwater Paper Corp. | 5,900 | 192 |
Element Solutions Inc. | 7,931 | 180 | |
CF Industries Holdings Inc. | 3,764 | 171 | |
UFP Industries Inc. | 2,105 | 158 | |
Trinseo SA | 3,015 | 157 | |
* | Constellium SE Class A | 7,728 | 156 |
Shares | Market Value ($000) | ||
Haynes International Inc. | 3,755 | 147 | |
Verso Corp. Class A | 7,529 | 143 | |
Minerals Technologies Inc. | 1,803 | 142 | |
Ecovyst Inc. | 10,253 | 133 | |
* | U.S. Silica Holdings Inc. | 14,294 | 126 |
* | Orion Engineered Carbons SA | 5,886 | 104 |
* | Coeur Mining Inc. | 11,921 | 84 |
Celanese Corp. Class A | 480 | 76 | |
Cabot Corp. | 1,411 | 75 | |
Worthington Industries Inc. | 1,186 | 69 | |
25,017 | |||
Consumer Discretionary (16.9%) | |||
* | Ford Motor Co. | 233,234 | 3,039 |
* | General Motors Co. | 59,248 | 2,904 |
* | Discovery Inc. Class C | 49,812 | 1,374 |
* | SkyWest Inc. | 29,415 | 1,372 |
Dick's Sporting Goods Inc. | 9,021 | 1,270 | |
* | Meritage Homes Corp. | 10,518 | 1,173 |
Penske Automotive Group Inc. | 12,480 | 1,122 | |
* | AutoZone Inc. | 718 | 1,112 |
* | Macy's Inc. | 49,106 | 1,099 |
PulteGroup Inc. | 20,066 | 1,081 | |
Bath & Body Works Inc. | 15,775 | 1,065 | |
Toll Brothers Inc. | 16,411 | 1,051 | |
eBay Inc. | 13,559 | 1,041 | |
Target Corp. | 3,895 | 962 | |
ViacomCBS Inc. Class B | 21,744 | 901 | |
BorgWarner Inc. (XNYS) | 21,071 | 899 | |
Lennar Corp. Class A | 8,298 | 890 | |
Foot Locker Inc. | 14,446 | 819 | |
Fox Corp. Class B | 23,486 | 813 | |
Dollar General Corp. | 3,624 | 808 | |
* | PVH Corp. | 7,514 | 787 |
* | Tenneco Inc. Class A | 46,380 | 724 |
H&R Block Inc. | 27,961 | 717 | |
AMERCO | 1,062 | 702 | |
Dana Inc. | 29,868 | 695 | |
Nexstar Media Group Inc. Class A | 4,588 | 687 | |
* | Genesco Inc. | 11,012 | 683 |
Walmart Inc. | 4,512 | 668 | |
* | ODP Corp. | 14,026 | 662 |
Qurate Retail Inc. Series A | 59,809 | 660 | |
* | AutoNation Inc. | 5,981 | 652 |
Kohl's Corp. | 11,015 | 632 | |
* | TravelCenters of America Inc. | 14,604 | 613 |
* | Cars.com Inc. | 47,554 | 605 |
* | Taylor Morrison Home Corp. Class A | 21,371 | 600 |
* | LKQ Corp. | 10,947 | 577 |
* | Conn's Inc. | 22,828 | 562 |
* | Capri Holdings Ltd. | 9,932 | 561 |
Fox Corp. Class A | 14,715 | 551 | |
Travel + Leisure Co. | 10,052 | 550 | |
* | Mesa Air Group Inc. | 68,828 | 549 |
Signet Jewelers Ltd. | 6,915 | 548 | |
Rush Enterprises Inc. Class A | 12,360 | 545 | |
Whirlpool Corp. | 2,450 | 543 | |
* | Fossil Group Inc. | 39,769 | 533 |
* | Perdoceo Education Corp. | 47,942 | 526 |
Shares | Market Value ($000) | ||
* | Brinker International Inc. | 9,835 | 524 |
* | M/I Homes Inc. | 8,134 | 524 |
* | Dine Brands Global Inc. | 6,206 | 513 |
* | MarineMax Inc. | 10,509 | 511 |
Gray Television Inc. | 21,724 | 494 | |
Thor Industries Inc. | 4,330 | 491 | |
* | Goodyear Tire & Rubber Co. | 30,517 | 483 |
Harley-Davidson Inc. | 12,185 | 482 | |
Standard Motor Products Inc. | 11,158 | 479 | |
* | KAR Auction Services Inc. | 28,028 | 474 |
* | Beazer Homes USA Inc. | 24,516 | 459 |
* | Tupperware Brands Corp. | 18,564 | 443 |
1 | Big 5 Sporting Goods Corp. | 15,446 | 429 |
Century Communities Inc. | 6,057 | 425 | |
* | G-III Apparel Group Ltd. | 13,604 | 421 |
* | Tri Pointe Homes Inc. | 17,624 | 419 |
* | Discovery Inc. Class A | 14,237 | 411 |
Cato Corp. Class A | 23,387 | 404 | |
Murphy USA Inc. | 2,571 | 399 | |
Newell Brands Inc. | 15,438 | 392 | |
Movado Group Inc. | 10,681 | 386 | |
Hibbett Inc. | 4,024 | 385 | |
TEGNA Inc. | 21,667 | 384 | |
* | Adtalem Global Education Inc. | 9,956 | 368 |
* | Zumiez Inc. | 8,766 | 352 |
* | Victoria's Secret & Co. | 5,251 | 348 |
* | Adient plc | 8,518 | 335 |
* | Universal Electronics Inc. | 6,506 | 329 |
Caleres Inc. | 12,955 | 319 | |
EW Scripps Co. Class A | 17,038 | 316 | |
* | Kirkland's Inc. | 16,486 | 315 |
* | American Axle & Manufacturing Holdings Inc. | 34,904 | 310 |
Interpublic Group of Cos. Inc. | 8,338 | 310 | |
* | Knowles Corp. | 15,501 | 310 |
Big Lots Inc. | 6,294 | 306 | |
* | Entercom Communications Corp. Class A | 85,153 | 302 |
Guess? Inc. | 12,410 | 300 | |
Lennar Corp. Class B | 3,407 | 298 | |
Shoe Carnival Inc. | 7,565 | 290 | |
KB Home | 6,702 | 288 | |
* | Lumber Liquidators Holdings Inc. | 13,598 | 284 |
Strategic Education Inc. | 3,570 | 279 | |
* | Fluent Inc. | 101,385 | 276 |
Lithia Motors Inc. Class A | 832 | 276 | |
Group 1 Automotive Inc. | 1,635 | 270 | |
* | Lazydays Holdings Inc. | 10,605 | 261 |
* | Vera Bradley Inc. | 22,708 | 260 |
OneWater Marine Inc. Class A | 6,430 | 260 | |
* | Green Brick Partners Inc. | 10,287 | 257 |
Rent-A-Center Inc. | 4,068 | 257 | |
DR Horton Inc. | 2,612 | 250 | |
* | AMC Networks Inc. Class A | 5,231 | 249 |
Nielsen Holdings plc | 11,506 | 247 | |
Lear Corp. | 1,525 | 244 | |
Advance Auto Parts Inc. | 1,192 | 242 | |
* | Nautilus Inc. | 20,416 | 233 |
Carter's Inc. | 2,254 | 231 | |
ViacomCBS Inc. Class A | 4,940 | 227 |
Shares | Market Value ($000) | ||
* | Turtle Beach Corp. | 7,765 | 221 |
* | Asbury Automotive Group Inc. | 1,171 | 218 |
* | Avis Budget Group Inc. | 2,337 | 212 |
* | Thryv Holdings Inc. | 6,609 | 205 |
* | Sleep Number Corp. | 2,188 | 202 |
* | Alaska Air Group Inc. | 3,427 | 197 |
Del Taco Restaurants Inc. | 21,007 | 185 | |
Matthews International Corp. Class A | 4,733 | 175 | |
Ethan Allen Interiors Inc. | 7,223 | 174 | |
* | iHeartMedia Inc. Class A | 6,742 | 168 |
Haverty Furniture Cos. Inc. | 4,670 | 166 | |
Sonic Automotive Inc. Class A | 3,275 | 166 | |
* | Bed Bath & Beyond Inc. | 5,911 | 163 |
HNI Corp. | 4,267 | 162 | |
* | 1-800-Flowers.com Inc. Class A | 4,970 | 158 |
Tilly's Inc. Class A | 10,146 | 158 | |
* | Grand Canyon Education Inc. | 1,757 | 157 |
Interface Inc. Class A | 10,924 | 157 | |
Dillard's Inc. Class A | 819 | 156 | |
* | NVR Inc. | 30 | 155 |
* | PROG Holdings Inc. | 3,280 | 155 |
* | Stride Inc. | 4,509 | 154 |
Best Buy Co. Inc. | 1,314 | 153 | |
* | Lions Gate Entertainment Corp. Class B | 12,555 | 148 |
Winnebago Industries Inc. | 2,120 | 148 | |
Polaris Inc. | 1,219 | 146 | |
Scholastic Corp. | 4,356 | 145 | |
* | Abercrombie & Fitch Co. Class A | 3,860 | 138 |
* | Lakeland Industries Inc. | 5,778 | 138 |
* | Spirit Airlines Inc. | 5,593 | 137 |
* | International Game Technology plc | 6,320 | 136 |
Herman Miller Inc. | 2,998 | 126 | |
Leggett & Platt Inc. | 2,566 | 124 | |
Omnicom Group Inc. | 1,625 | 119 | |
* | Container Store Group Inc. | 8,990 | 104 |
Carriage Services Inc. Class A | 2,014 | 93 | |
Buckle Inc. | 2,350 | 91 | |
* | Bally's Corp. | 1,782 | 90 |
* | Funko Inc. Class A | 4,383 | 87 |
* | Boyd Gaming Corp. | 1,383 | 85 |
* | WW International Inc. | 3,946 | 85 |
* | Marriott Vacations Worldwide Corp. | 560 | 84 |
Graham Holdings Co. Class B | 134 | 83 | |
* | JetBlue Airways Corp. | 5,386 | 81 |
Jack in the Box Inc. | 755 | 80 | |
* | VOXX International Corp. Class A | 7,311 | 77 |
* | Central Garden & Pet Co. Class A | 1,798 | 75 |
* | Tapestry Inc. | 1,833 | 74 |
Gap Inc. | 2,588 | 69 | |
* | Lions Gate Entertainment Corp. Class A | 5,287 | 68 |
68,106 | |||
Consumer Staples (5.6%) | |||
CVS Health Corp. | 34,492 | 2,980 | |
General Mills Inc. | 25,389 | 1,468 | |
Philip Morris International Inc. | 14,067 | 1,449 | |
Walgreens Boots Alliance Inc. | 23,007 | 1,168 | |
McKesson Corp. | 5,306 | 1,083 | |
Kroger Co. | 21,714 | 999 |
Shares | Market Value ($000) | ||
* | Herbalife Nutrition Ltd. | 19,194 | 985 |
Tyson Foods Inc. Class A | 12,312 | 967 | |
J M Smucker Co. | 6,436 | 796 | |
AmerisourceBergen Corp. Class A | 6,190 | 756 | |
Molson Coors Beverage Co. Class B | 15,819 | 752 | |
SpartanNash Co. | 33,053 | 711 | |
Ingredion Inc. | 7,874 | 692 | |
Kraft Heinz Co. | 17,538 | 631 | |
ACCO Brands Corp. | 65,053 | 609 | |
Conagra Brands Inc. | 16,172 | 536 | |
Fresh Del Monte Produce Inc. | 14,033 | 461 | |
Ingles Markets Inc. Class A | 6,663 | 452 | |
Weis Markets Inc. | 7,708 | 439 | |
Universal Corp. | 8,026 | 406 | |
Flowers Foods Inc. | 16,150 | 390 | |
* | Pilgrim's Pride Corp. | 12,980 | 361 |
* | United Natural Foods Inc. | 9,337 | 344 |
* | Darling Ingredients Inc. | 4,412 | 329 |
Edgewell Personal Care Co. | 7,540 | 319 | |
Altria Group Inc. | 5,412 | 272 | |
Corteva Inc. | 5,610 | 247 | |
Keurig Dr Pepper Inc. | 6,533 | 233 | |
Campbell Soup Co. | 5,542 | 231 | |
Seaboard Corp. | 52 | 221 | |
Andersons Inc. | 7,056 | 214 | |
* | U.S. Foods Holding Corp | 6,143 | 209 |
Archer-Daniels-Midland Co. | 3,402 | 204 | |
* | Hostess Brands Inc. Class A | 10,591 | 169 |
B&G Foods Inc. | 4,937 | 150 | |
* | Rite Aid Corp. | 7,988 | 142 |
* | Sprouts Farmers Market Inc. | 5,243 | 131 |
Vector Group Ltd. | 6,775 | 102 | |
Nu Skin Enterprises Inc. Class A | 1,922 | 97 | |
* | TreeHouse Foods Inc. | 2,353 | 88 |
22,793 | |||
Energy (8.6%) | |||
Exxon Mobil Corp. | 34,922 | 1,904 | |
ConocoPhillips | 32,130 | 1,784 | |
Kinder Morgan Inc. | 77,563 | 1,262 | |
APA Corp. | 57,218 | 1,115 | |
Chevron Corp. | 11,273 | 1,091 | |
* | CONSOL Energy Inc. | 44,072 | 1,006 |
HollyFrontier Corp. | 27,591 | 892 | |
Diamondback Energy Inc. | 11,276 | 870 | |
World Fuel Services Corp. | 24,623 | 797 | |
Ovintiv Inc. | 28,976 | 790 | |
Equitrans Midstream Corp. | 85,730 | 748 | |
EOG Resources Inc. | 10,873 | 734 | |
* | Peabody Energy Corp. | 45,239 | 723 |
* | Laredo Petroleum Inc. | 13,331 | 720 |
SM Energy Co. | 35,474 | 678 | |
* | Range Resources Corp. | 44,948 | 657 |
Marathon Oil Corp. | 54,755 | 643 | |
* | EQT Corp. | 34,348 | 630 |
Cabot Oil & Gas Corp. | 39,066 | 621 | |
* | Whiting Petroleum Corp. | 12,981 | 609 |
* | Antero Resources Corp. | 42,342 | 581 |
* | Comstock Resources Inc. | 89,953 | 532 |
Shares | Market Value ($000) | ||
SunCoke Energy Inc. | 75,576 | 525 | |
Schlumberger NV | 18,490 | 518 | |
* | Bristow Group Inc. | 15,710 | 496 |
* | W&T Offshore Inc. | 150,310 | 490 |
Murphy Oil Corp. | 23,006 | 489 | |
Continental Resources Inc. | 12,330 | 484 | |
Bonanza Creek Energy Inc. | 12,325 | 479 | |
Pioneer Natural Resources Co. | 3,148 | 471 | |
* | Centennial Resource Development Inc. Class A | 92,125 | 470 |
Devon Energy Corp. | 15,573 | 460 | |
PDC Energy Inc. | 10,980 | 458 | |
Phillips 66 | 6,094 | 433 | |
Warrior Met Coal Inc. | 19,130 | 428 | |
* | Callon Petroleum Co. | 11,539 | 394 |
Northern Oil and Gas Inc. | 23,349 | 388 | |
* | CNX Resources Corp. | 33,530 | 381 |
Halliburton Co. | 18,812 | 376 | |
* | Kosmos Energy Ltd. | 151,982 | 359 |
* | Oil States International Inc. | 60,653 | 355 |
* | Talos Energy Inc. | 28,151 | 349 |
Williams Cos. Inc. | 13,830 | 341 | |
ONEOK Inc. | 6,275 | 330 | |
Antero Midstream Corp. | 33,987 | 327 | |
* | Arch Resources Inc. | 4,292 | 325 |
* | Nabors Industries Ltd. (XNYS) | 3,829 | 323 |
* | NOV Inc. | 23,155 | 305 |
Valero Energy Corp. | 4,559 | 302 | |
Occidental Petroleum Corp. | 10,490 | 269 | |
Matador Resources Co. | 9,291 | 267 | |
* | Cheniere Energy Inc. | 2,911 | 255 |
* | Helix Energy Solutions Group Inc. | 64,475 | 242 |
Baker Hughes Co. Class A | 10,527 | 240 | |
Targa Resources Corp. | 5,419 | 238 | |
* | Golar LNG Ltd. | 21,029 | 237 |
Archrock Inc. | 29,801 | 229 | |
* | Southwestern Energy Co. | 49,800 | 227 |
Magnolia Oil & Gas Corp. Class A | 13,955 | 219 | |
* | Renewable Energy Group Inc. | 4,203 | 204 |
* | National Energy Services Reunited Corp. | 17,810 | 202 |
* | Centrus Energy Corp. Class A | 6,349 | 184 |
* | First Solar Inc. | 1,709 | 161 |
* | Newpark Resources Inc. | 59,893 | 157 |
Brigham Minerals Inc. Class A | 7,754 | 148 | |
* | MRC Global Inc. | 16,961 | 139 |
Arcosa Inc. | 2,592 | 132 | |
* | REX American Resources Corp. | 1,532 | 130 |
Berry Corp. | 19,687 | 118 | |
* | Transocean Ltd. | 25,682 | 91 |
Patterson-UTI Energy Inc. | 9,640 | 75 | |
34,607 | |||
Financials (24.5%) | |||
Citigroup Inc. | 38,573 | 2,774 | |
Goldman Sachs Group Inc. | 6,681 | 2,763 | |
Truist Financial Corp. | 46,381 | 2,646 | |
American International Group Inc. | 47,226 | 2,577 | |
MetLife Inc. | 39,038 | 2,420 | |
JPMorgan Chase & Co. | 13,969 | 2,234 | |
Morgan Stanley | 20,508 | 2,142 |
Shares | Market Value ($000) | ||
Wells Fargo & Co. | 45,556 | 2,082 | |
Chubb Ltd. | 11,222 | 2,064 | |
Bank of New York Mellon Corp. | 36,843 | 2,034 | |
Travelers Cos. Inc. | 11,920 | 1,904 | |
U.S. Bancorp | 30,707 | 1,762 | |
Allstate Corp. | 12,622 | 1,708 | |
Bank of America Corp. | 37,659 | 1,572 | |
PNC Financial Services Group Inc. | 8,018 | 1,532 | |
Hope Bancorp Inc. | 96,603 | 1,332 | |
Regions Financial Corp. | 54,960 | 1,123 | |
* | Berkshire Hathaway Inc. Class B | 3,909 | 1,117 |
Citizens Financial Group Inc. | 25,382 | 1,111 | |
BlackRock Inc. | 1,168 | 1,102 | |
Progressive Corp. | 11,339 | 1,092 | |
FNB Corp. | 91,492 | 1,069 | |
Aflac Inc. | 18,624 | 1,056 | |
Zions Bancorp NA | 18,161 | 1,052 | |
KeyCorp. | 49,314 | 1,002 | |
Essent Group Ltd. | 20,766 | 978 | |
MGIC Investment Corp. | 61,962 | 946 | |
Prosperity Bancshares Inc. | 12,841 | 897 | |
New York Community Bancorp Inc. | 69,865 | 875 | |
Heartland Financial USA Inc. | 18,241 | 858 | |
Radian Group Inc. | 35,367 | 836 | |
Prudential Financial Inc. | 7,256 | 768 | |
First American Financial Corp. | 10,705 | 755 | |
Jefferies Financial Group Inc. | 19,463 | 719 | |
CNA Financial Corp. | 15,810 | 701 | |
South State Corp. | 10,197 | 699 | |
First Horizon Corp. | 42,418 | 695 | |
Popular Inc. | 9,107 | 692 | |
Principal Financial Group Inc. | 9,713 | 649 | |
Fidelity National Financial Inc. | 12,968 | 633 | |
OFG Bancorp | 26,356 | 628 | |
Raymond James Financial Inc. | 4,251 | 595 | |
T Rowe Price Group Inc. | 2,625 | 588 | |
Voya Financial Inc. | 8,881 | 577 | |
* | Alleghany Corp. | 836 | 566 |
Affiliated Managers Group Inc. | 3,266 | 556 | |
* | Customers Bancorp Inc. | 13,219 | 547 |
* | Mr Cooper Group Inc. | 13,975 | 543 |
Associated Banc-Corp. | 26,174 | 540 | |
Everest Re Group Ltd. | 1,989 | 527 | |
Navient Corp. | 22,340 | 519 | |
American Equity Investment Life Holding Co. | 16,167 | 512 | |
Valley National Bancorp | 39,083 | 510 | |
Old Republic International Corp. | 19,419 | 505 | |
SLM Corp. | 26,905 | 504 | |
Bank OZK | 11,643 | 494 | |
Invesco Ltd. | 18,737 | 474 | |
* | SiriusPoint Ltd. | 48,364 | 474 |
PacWest Bancorp | 11,097 | 472 | |
* | Brighthouse Financial Inc. | 9,604 | 470 |
Comerica Inc. | 6,333 | 468 | |
Lakeland Bancorp Inc. | 27,693 | 467 | |
Lincoln National Corp. | 6,789 | 466 | |
Ally Financial Inc. | 8,765 | 464 | |
Unum Group | 16,984 | 452 |
Shares | Market Value ($000) | ||
* | Arch Capital Group Ltd. | 10,932 | 449 |
PennyMac Financial Services Inc. | 6,679 | 444 | |
Universal Insurance Holdings Inc. | 30,723 | 437 | |
United Bankshares Inc. | 11,910 | 433 | |
* | Encore Capital Group Inc. | 8,736 | 430 |
* | Credit Acceptance Corp. | 737 | 427 |
Hancock Whitney Corp. | 9,266 | 426 | |
Banner Corp. | 7,311 | 418 | |
Franklin Resources Inc. | 12,764 | 414 | |
State Street Corp. | 4,400 | 409 | |
M&T Bank Corp. | 2,905 | 407 | |
Nelnet Inc. Class A | 5,033 | 407 | |
BOK Financial Corp. | 4,592 | 404 | |
Heritage Financial Corp. | 15,768 | 401 | |
Western Alliance Bancorp | 4,068 | 397 | |
Hanmi Financial Corp. | 20,471 | 395 | |
Charles Schwab Corp. | 5,419 | 395 | |
Horace Mann Educators Corp. | 9,581 | 393 | |
Stifel Financial Corp. | 5,579 | 386 | |
Equitable Holdings Inc. | 12,275 | 381 | |
Reinsurance Group of America Inc. | 3,227 | 374 | |
Intercontinental Exchange Inc. | 3,081 | 368 | |
First Busey Corp. | 14,545 | 345 | |
Hartford Financial Services Group Inc. | 5,124 | 344 | |
Ameriprise Financial Inc. | 1,244 | 340 | |
* | Enstar Group Ltd. | 1,473 | 340 |
Assurant Inc. | 1,903 | 324 | |
ConnectOne Bancorp Inc. | 11,313 | 324 | |
Hilltop Holdings Inc. | 9,455 | 316 | |
* | Nicolet Bankshares Inc. | 4,027 | 308 |
Umpqua Holdings Corp. | 15,750 | 307 | |
Kemper Corp. | 4,330 | 297 | |
Eagle Bancorp Inc. | 5,113 | 295 | |
Harborone Bancorp Inc. | 20,509 | 290 | |
* | StoneX Group Inc. | 4,160 | 290 |
Flushing Financial Corp. | 12,605 | 289 | |
Northern Trust Corp. | 2,429 | 288 | |
OneMain Holdings Inc. | 4,895 | 283 | |
* | Bancorp Inc. | 11,200 | 276 |
First Commonwealth Financial Corp. | 20,339 | 275 | |
RenaissanceRe Holdings Ltd. | 1,746 | 274 | |
Cowen Inc. Class A | 7,586 | 273 | |
Pinnacle Financial Partners Inc. | 2,816 | 273 | |
Selective Insurance Group Inc. | 3,272 | 273 | |
* | TriState Capital Holdings Inc. | 13,487 | 273 |
Park National Corp. | 2,313 | 271 | |
American Financial Group Inc. | 1,955 | 270 | |
Fulton Financial Corp. | 16,927 | 268 | |
S&T Bancorp Inc. | 8,655 | 258 | |
Stewart Information Services Corp. | 4,078 | 257 | |
First BanCorp. (XNYS) | 20,103 | 256 | |
Signature Bank | 989 | 256 | |
UMB Financial Corp. | 2,775 | 254 | |
Fifth Third Bancorp | 6,513 | 253 | |
* | PRA Group Inc. | 5,960 | 250 |
1st Source Corp. | 5,238 | 246 | |
Enterprise Financial Services Corp. | 5,346 | 240 | |
First Financial Bancorp | 10,038 | 236 |
Shares | Market Value ($000) | ||
Globe Life Inc. | 2,444 | 235 | |
Simmons First National Corp. Class A | 8,007 | 233 | |
* | Enova International Inc. | 6,754 | 223 |
Southside Bancshares Inc. | 5,913 | 223 | |
Cullen/Frost Bankers Inc. | 1,923 | 220 | |
East West Bancorp Inc. | 2,997 | 220 | |
Synovus Financial Corp. | 5,021 | 216 | |
Sandy Spring Bancorp Inc. | 4,940 | 215 | |
First BanCorp. | 4,921 | 206 | |
Webster Financial Corp. | 4,076 | 206 | |
Wintrust Financial Corp. | 2,745 | 205 | |
* | NMI Holdings Inc. Class A | 8,975 | 203 |
Independent Bank Group Inc. | 2,847 | 201 | |
Berkshire Hills Bancorp Inc. | 7,673 | 197 | |
First Merchants Corp. | 4,741 | 195 | |
Assured Guaranty Ltd. | 3,894 | 194 | |
Old National Bancorp | 11,362 | 189 | |
Washington Trust Bancorp Inc. | 3,558 | 189 | |
Ameris Bancorp | 3,811 | 188 | |
Northfield Bancorp Inc. | 11,095 | 188 | |
Argo Group International Holdings Ltd. | 3,447 | 182 | |
Discover Financial Services | 1,401 | 180 | |
First Citizens BancShares Inc. Class A | 196 | 176 | |
Federated Hermes Inc. | 5,110 | 173 | |
Meta Financial Group Inc. | 3,490 | 172 | |
BankUnited Inc. | 3,986 | 168 | |
Central Pacific Financial Corp. | 6,629 | 168 | |
Virtus Investment Partners Inc. | 537 | 168 | |
NBT Bancorp Inc. | 4,667 | 167 | |
Towne Bank | 5,493 | 167 | |
Univest Financial Corp. | 6,162 | 167 | |
Dime Community Bancshares Inc. | 5,067 | 167 | |
Atlantic Union Bankshares Corp. | 4,264 | 158 | |
Hanover Insurance Group Inc. | 1,117 | 158 | |
Brookline Bancorp Inc. | 10,415 | 156 | |
OceanFirst Financial Corp. | 7,358 | 156 | |
Washington Federal Inc. | 4,634 | 154 | |
Banc of California Inc. | 8,500 | 153 | |
Premier Financial Corp. | 4,803 | 146 | |
HomeStreet Inc. | 3,559 | 145 | |
First Interstate BancSystem Inc. Class A | 3,255 | 143 | |
* | Triumph Bancorp Inc. | 1,745 | 143 |
Trustmark Corp. | 4,534 | 143 | |
* | World Acceptance Corp. | 734 | 139 |
Veritex Holdings Inc. | 3,842 | 138 | |
Huntington Bancshares Inc. | 8,697 | 135 | |
Axis Capital Holdings Ltd. | 2,647 | 135 | |
Cathay General Bancorp | 3,323 | 132 | |
Preferred Bank | 2,013 | 129 | |
Allegiance Bancshares Inc. | 3,438 | 128 | |
Northwest Bancshares Inc. | 9,703 | 126 | |
WSFS Financial Corp. | 2,784 | 126 | |
TrustCo Bank Corp. NY | 3,939 | 126 | |
Pacific Premier Bancorp Inc. | 3,135 | 125 | |
Walker & Dunlop Inc. | 1,080 | 120 | |
BancorpSouth Bank | 3,864 | 113 | |
TriCo Bancshares | 2,832 | 112 | |
Federal Agricultural Mortgage Corp. Class C | 1,109 | 109 |
Shares | Market Value ($000) | ||
Renasant Corp. | 3,075 | 108 | |
* | SVB Financial Group | 189 | 106 |
* | Markel Corp. | 83 | 105 |
First Foundation Inc. | 4,267 | 103 | |
WesBanco Inc. | 3,032 | 103 | |
Employers Holdings Inc. | 2,474 | 102 | |
Kearny Financial Corp. | 8,076 | 102 | |
Great Western Bancorp Inc. | 3,276 | 101 | |
BGC Partners Inc. Class A | 18,273 | 94 | |
Tompkins Financial Corp. | 1,186 | 94 | |
Heritage Commerce Corp. | 8,204 | 92 | |
Provident Financial Services Inc. | 4,063 | 90 | |
Mercury General Corp. | 1,492 | 89 | |
First Hawaiian Inc. | 3,159 | 88 | |
FB Financial Corp. | 2,079 | 86 | |
Safety Insurance Group Inc. | 1,041 | 85 | |
CNO Financial Group Inc. | 3,398 | 83 | |
* | Texas Capital Bancshares Inc. | 1,188 | 81 |
National Bank Holdings Corp. Class A | 2,095 | 79 | |
Home BancShares Inc. | 3,514 | 78 | |
Bank of NT Butterfield & Son Ltd. | 2,193 | 73 | |
* | MoneyGram International Inc. | 7,426 | 67 |
98,854 | |||
Health Care (9.4%) | |||
Gilead Sciences Inc. | 44,720 | 3,255 | |
Bristol-Myers Squibb Co. | 45,085 | 3,014 | |
Anthem Inc. | 6,376 | 2,392 | |
Pfizer Inc. | 51,359 | 2,366 | |
* | Centene Corp. | 35,733 | 2,250 |
* | Biogen Inc. | 6,575 | 2,228 |
Cigna Corp. | 9,397 | 1,989 | |
* | Regeneron Pharmaceuticals Inc. | 2,270 | 1,529 |
Becton Dickinson and Co. | 5,271 | 1,327 | |
Humana Inc. | 3,124 | 1,266 | |
HCA Healthcare Inc. | 4,522 | 1,144 | |
AbbVie Inc. | 9,388 | 1,134 | |
Universal Health Services Inc. Class B | 5,232 | 815 | |
Merck & Co. Inc. | 10,625 | 811 | |
Quest Diagnostics Inc. | 4,635 | 708 | |
Amgen Inc. | 2,926 | 660 | |
* | Innoviva Inc. | 41,983 | 641 |
* | Prestige Consumer Healthcare Inc. | 10,933 | 627 |
* | Laboratory Corp. of America Holdings | 1,958 | 594 |
* | Moderna Inc. | 1,529 | 576 |
Perrigo Co. plc | 13,720 | 562 | |
* | United Therapeutics Corp. | 2,596 | 558 |
* | Jazz Pharmaceuticals plc | 4,006 | 528 |
PerkinElmer Inc. | 2,824 | 522 | |
* | Hologic Inc. | 5,922 | 469 |
* | Emergent BioSolutions Inc. | 6,854 | 432 |
* | Tenet Healthcare Corp. | 5,572 | 420 |
* | Fulgent Genetics Inc. | 4,545 | 415 |
National HealthCare Corp. | 5,027 | 371 | |
Viatris Inc. | 19,078 | 279 | |
* | Catalyst Pharmaceuticals Inc. | 48,845 | 269 |
* | Syneos Health Inc. | 2,879 | 267 |
* | Computer Programs and Systems Inc. | 7,184 | 255 |
* | Vertex Pharmaceuticals Inc. | 1,182 | 237 |
Shares | Market Value ($000) | ||
* | Eagle Pharmaceuticals Inc. | 4,029 | 215 |
* | Acadia Healthcare Co. Inc. | 3,205 | 212 |
* | Community Health Systems Inc. | 16,081 | 198 |
* | MEDNAX Inc. | 5,953 | 191 |
UnitedHealth Group Inc. | 456 | 190 | |
* | BioDelivery Sciences International Inc. | 48,753 | 188 |
Owens & Minor Inc. | 4,986 | 186 | |
* | Quidel Corp. | 1,378 | 178 |
* | Endo International plc | 77,927 | 178 |
* | DaVita Inc. | 1,314 | 172 |
Select Medical Holdings Corp. | 4,767 | 165 | |
Thermo Fisher Scientific Inc. | 280 | 155 | |
*,1 | Co-Diagnostics Inc. | 12,980 | 139 |
* | Amneal Pharmaceuticals Inc. | 23,490 | 132 |
Cardinal Health Inc. | 2,305 | 121 | |
* | Ovid therapeutics Inc. | 33,745 | 119 |
* | Supernus Pharmaceuticals Inc. | 3,619 | 100 |
* | ANI Pharmaceuticals Inc. | 3,163 | 96 |
Phibro Animal Health Corp. Class A | 3,403 | 83 | |
37,928 | |||
Industrials (15.9%) | |||
FedEx Corp. | 9,226 | 2,451 | |
Capital One Financial Corp. | 14,683 | 2,437 | |
General Dynamics Corp. | 9,755 | 1,954 | |
L3Harris Technologies Inc. | 7,113 | 1,657 | |
Northrop Grumman Corp. | 4,329 | 1,592 | |
Westrock Co. | 22,248 | 1,158 | |
Knight-Swift Transportation Holdings Inc. | 22,200 | 1,153 | |
Air Lease Corp. Class A | 26,884 | 1,068 | |
* | Veritiv Corp. | 10,924 | 980 |
* | Atlas Air Worldwide Holdings Inc. | 12,707 | 930 |
* | Tutor Perini Corp. | 64,479 | 930 |
Cummins Inc. | 3,897 | 920 | |
Owens Corning | 9,477 | 906 | |
Johnson Controls International plc | 11,554 | 864 | |
Parker-Hannifin Corp. | 2,821 | 837 | |
* | Berry Global Group Inc. | 12,180 | 818 |
DuPont de Nemours Inc. | 10,502 | 777 | |
SFL Corp. Ltd. | 94,056 | 755 | |
Graphic Packaging Holding Co. | 36,213 | 743 | |
Costamare Inc. | 51,381 | 739 | |
ManpowerGroup Inc. | 6,007 | 729 | |
Fidelity National Information Services Inc. | 5,683 | 726 | |
Louisiana-Pacific Corp. | 11,217 | 712 | |
* | WESCO International Inc. | 6,054 | 708 |
* | Mohawk Industries Inc. | 3,537 | 700 |
Raytheon Technologies Corp. | 8,117 | 688 | |
Ryder System Inc. | 8,367 | 665 | |
Genco Shipping & Trading Ltd. | 33,301 | 649 | |
Norfolk Southern Corp. | 2,513 | 637 | |
Kelly Services Inc. Class A | 32,334 | 629 | |
Alliance Data Systems Corp. | 6,279 | 616 | |
* | Frontline Ltd. | 84,420 | 610 |
Dorian LPG Ltd. | 46,004 | 608 | |
* | Textainer Group Holdings Ltd. | 18,224 | 605 |
Deere & Co. | 1,596 | 603 | |
Triton International Ltd. | 11,015 | 603 | |
* | U.S. Xpress Enterprises Inc. Class A | 68,820 | 602 |
Shares | Market Value ($000) | ||
* | BlueLinx Holdings Inc. | 10,350 | 596 |
DHT Holdings Inc. | 102,829 | 569 | |
Wabash National Corp. | 36,136 | 562 | |
* | Fiserv Inc. | 4,686 | 552 |
International Seaways Inc. | 31,847 | 548 | |
Acuity Brands Inc. | 2,768 | 511 | |
Oshkosh Corp. | 4,418 | 506 | |
* | United Rentals Inc. | 1,427 | 503 |
ArcBest Corp. | 7,302 | 487 | |
* | CoreCivic Inc. | 49,791 | 484 |
* | GMS Inc. | 9,790 | 484 |
Primoris Services Corp. | 18,756 | 482 | |
* | Sterling Construction Co. Inc. | 20,758 | 479 |
nVent Electric plc | 13,892 | 477 | |
3M Co. | 2,417 | 471 | |
* | Herc Holdings Inc. | 3,465 | 455 |
* | DXP Enterprises Inc. | 14,921 | 447 |
MDU Resources Group Inc. | 13,531 | 435 | |
PACCAR Inc. | 5,269 | 431 | |
Scorpio Tankers Inc. | 26,430 | 428 | |
* | Titan Machinery Inc. | 14,693 | 422 |
* | Infrastructure and Energy Alternatives Inc. | 32,272 | 414 |
Sonoco Products Co. | 6,068 | 396 | |
Synchrony Financial | 7,825 | 389 | |
* | Conduent Inc. | 52,163 | 381 |
* | Covenant Logistics Group Inc. Class A | 14,932 | 364 |
Quanta Services Inc. | 3,547 | 362 | |
* | BrightView Holdings Inc. | 23,088 | 354 |
REV Group Inc. | 21,531 | 350 | |
ADT Inc. | 39,799 | 341 | |
Allison Transmission Holdings Inc. | 8,856 | 328 | |
Global Payments Inc. | 1,995 | 324 | |
Crane Co. | 3,060 | 311 | |
* | RR Donnelley & Sons Co. | 63,158 | 310 |
Textron Inc. | 4,225 | 307 | |
Caterpillar Inc. | 1,452 | 306 | |
EMCOR Group Inc. | 2,521 | 306 | |
* | MYR Group Inc. | 2,924 | 304 |
AGCO Corp. | 2,192 | 302 | |
* | Teekay Corp. | 96,385 | 292 |
Lockheed Martin Corp. | 810 | 291 | |
* | Beacon Roofing Supply Inc. | 5,569 | 287 |
EnerSys | 3,303 | 279 | |
* | TrueBlue Inc. | 10,172 | 278 |
Greenbrier Cos. Inc. | 6,121 | 270 | |
Curtiss-Wright Corp. | 2,157 | 263 | |
* | Modine Manufacturing Co. | 20,403 | 254 |
Greif Inc. Class A | 3,869 | 245 | |
* | Colfax Corp. | 4,751 | 229 |
* | Manitowoc Co. Inc. | 9,253 | 224 |
* | Air Transport Services Group Inc. | 8,156 | 223 |
Matson Inc. | 2,810 | 222 | |
Moog Inc. Class A | 2,792 | 222 | |
* | MasTec Inc. | 2,419 | 221 |
Deluxe Corp. | 5,717 | 219 | |
Resources Connection Inc. | 13,774 | 218 | |
Stanley Black & Decker Inc. | 1,124 | 217 | |
Werner Enterprises Inc. | 4,572 | 216 |
Shares | Market Value ($000) | ||
* | Ducommun Inc. | 3,984 | 210 |
United Parcel Service Inc. Class B | 1,036 | 203 | |
Westinghouse Air Brake Technologies Corp. | 2,257 | 203 | |
* | Resideo Technologies Inc. | 6,244 | 201 |
Argan Inc. | 4,299 | 199 | |
Schneider National Inc. Class B | 8,719 | 197 | |
* | FTI Consulting Inc. | 1,383 | 193 |
* | JELD-WEN Holding Inc. | 6,779 | 187 |
* | AAR Corp. | 5,478 | 185 |
Regal Beloit Corp. | 1,215 | 182 | |
Snap-on Inc. | 801 | 180 | |
American Express Co. | 1,076 | 179 | |
Ennis Inc. | 9,208 | 179 | |
Apogee Enterprises Inc. | 4,137 | 178 | |
* | ASGN Inc. | 1,563 | 175 |
* | Cornerstone Building Brands Inc. | 10,342 | 172 |
ABM Industries Inc. | 3,387 | 168 | |
Hillenbrand Inc. | 3,578 | 166 | |
*,2 | API Group Corp. | 7,134 | 165 |
HB Fuller Co. | 2,390 | 162 | |
* | Summit Materials Inc. Class A | 4,604 | 155 |
* | Hub Group Inc. Class A | 2,178 | 153 |
Trinity Industries Inc. | 5,157 | 150 | |
Carlisle Cos. Inc. | 703 | 148 | |
Huntington Ingalls Industries Inc. | 725 | 148 | |
Brunswick Corp. | 1,521 | 147 | |
* | Donnelley Financial Solutions Inc. | 4,417 | 147 |
Maxar Technologies Inc. | 4,551 | 145 | |
GATX Corp. | 1,575 | 144 | |
* | Builders FirstSource Inc. | 2,618 | 140 |
* | Gates Industrial Corp. plc | 8,017 | 131 |
* | Great Lakes Dredge & Dock Corp. | 8,524 | 129 |
Kronos Worldwide Inc. | 9,291 | 123 | |
Packaging Corp. of America | 804 | 122 | |
* | Fluor Corp. | 7,039 | 117 |
*,1 | Alpha Pro Tech Ltd. | 14,358 | 116 |
Sealed Air Corp. | 1,852 | 113 | |
Silgan Holdings Inc. | 2,670 | 113 | |
* | Thermon Group Holdings Inc. | 6,705 | 112 |
Altra Industrial Motion Corp. | 1,883 | 110 | |
* | PGT Innovations Inc. | 5,112 | 109 |
* | AECOM | 1,642 | 108 |
Heidrick & Struggles International Inc. | 2,466 | 107 | |
Griffon Corp. | 3,993 | 97 | |
Emerson Electric Co. | 912 | 96 | |
* | Eagle Bulk Shipping Inc. | 1,891 | 93 |
Marten Transport Ltd. | 5,910 | 92 | |
Belden Inc. | 1,585 | 91 | |
* | Echo Global Logistics Inc. | 2,725 | 90 |
Eagle Materials Inc. | 570 | 89 | |
* | Kirby Corp. | 1,652 | 89 |
Otter Tail Corp. | 1,624 | 89 | |
* | Ardmore Shipping Corp. | 25,636 | 89 |
* | Vectrus Inc. | 1,696 | 85 |
* | Daseke Inc. | 8,546 | 81 |
* | Masonite International Corp. | 680 | 81 |
ICF International Inc. | 845 | 79 | |
Heartland Express Inc. | 4,574 | 77 |
Shares | Market Value ($000) | ||
Hyster-Yale Materials Handling Inc. | 1,279 | 75 | |
* | American Woodmark Corp. | 1,056 | 74 |
Quanex Building Products Corp. | 3,066 | 72 | |
* | Teekay Tankers Ltd. Class A | 6,154 | 70 |
* | XPO Logistics Inc. | 549 | 48 |
* | GXO Logistics Inc. | 557 | 46 |
* | BM Technologies Inc. (XASE) | 1,618 | 16 |
64,297 | |||
Real Estate (0.5%) | |||
* | Realogy Holdings Corp. | 20,856 | 366 |
* | Jones Lang LaSalle Inc. | 1,380 | 335 |
Newmark Group Inc. Class A | 23,411 | 319 | |
EPR Properties | 3,103 | 158 | |
VICI Properties Inc. | 5,059 | 156 | |
Preferred Apartment Communities Inc. Class A | 11,947 | 149 | |
Brixmor Property Group Inc. | 4,905 | 115 | |
STORE Capital Corp. | 3,180 | 115 | |
RE/MAX Holdings Inc. Class A | 2,371 | 79 | |
Sabra Health Care REIT Inc. | 4,638 | 74 | |
1,866 | |||
Technology (7.6%) | |||
Intel Corp. | 52,773 | 2,853 | |
* | Micron Technology Inc. | 38,483 | 2,836 |
International Business Machines Corp. | 13,657 | 1,917 | |
Hewlett Packard Enterprise Co. | 95,439 | 1,475 | |
* | Arrow Electronics Inc. | 11,873 | 1,439 |
Cognizant Technology Solutions Corp. Class A | 15,087 | 1,151 | |
HP Inc. | 38,681 | 1,150 | |
SYNNEX Corp. | 7,827 | 995 | |
* | TTM Technologies Inc. | 69,277 | 970 |
Amkor Technology Inc. | 33,590 | 923 | |
Xerox Holdings Corp. | 36,507 | 822 | |
* | ScanSource Inc. | 22,427 | 798 |
* | Western Digital Corp. | 12,228 | 773 |
* | CACI International Inc. Class A | 2,972 | 765 |
Jabil Inc. | 11,421 | 706 | |
* | DXC Technology Co. | 19,079 | 701 |
* | Photronics Inc. | 46,537 | 701 |
Avnet Inc. | 16,428 | 665 | |
Amdocs Ltd. | 7,298 | 562 | |
Science Applications International Corp. | 6,517 | 549 | |
Broadcom Inc. | 1,037 | 516 | |
Ebix Inc. | 15,928 | 458 | |
* | Sanmina Corp. | 9,951 | 393 |
* | Dell Technologies Inc. Class C | 3,913 | 381 |
Xperi Holding Corp. | 17,309 | 370 | |
* | Concentrix Corp. | 2,034 | 353 |
* | NCR Corp. | 7,939 | 337 |
* | J2 Global Inc. | 2,368 | 326 |
Leidos Holdings Inc. | 3,155 | 310 | |
NortonLifeLock Inc. | 10,788 | 287 | |
* | Cleanspark Inc. | 20,242 | 279 |
* | Alpha & Omega Semiconductor Ltd. | 9,307 | 270 |
* | Diebold Nixdorf Inc. | 24,280 | 264 |
Oracle Corp. | 2,937 | 262 | |
KBR Inc. | 6,699 | 261 | |
Benchmark Electronics Inc. | 9,548 | 258 |
Shares | Market Value ($000) | ||
* | Ichor Holdings Ltd. | 5,624 | 249 |
Methode Electronics Inc. | 4,979 | 232 | |
* | Ultra Clean Holdings Inc. | 5,003 | 231 |
* | NetScout Systems Inc. | 8,332 | 228 |
* | Insight Enterprises Inc. | 1,939 | 200 |
Applied Materials Inc. | 1,367 | 185 | |
* | VirnetX Holding Corp. | 40,786 | 183 |
SolarWinds Corp. | 10,148 | 173 | |
* | Qorvo Inc. | 768 | 144 |
* | SMART Global Holdings Inc. | 2,757 | 134 |
* | Cohu Inc. | 3,563 | 127 |
* | Synaptics Inc. | 569 | 108 |
NXP Semiconductors NV | 475 | 102 | |
* | Flex Ltd. | 5,257 | 98 |
* | Super Micro Computer Inc. | 2,602 | 95 |
Corning Inc. | 2,258 | 90 | |
* | Allscripts Healthcare Solutions Inc. | 5,248 | 81 |
Vishay Intertechnology Inc. | 3,613 | 79 | |
* | Waitr Holdings Inc. | 47,049 | 62 |
30,877 | |||
Telecommunications (3.5%) | |||
Verizon Communications Inc. | 58,094 | 3,195 | |
AT&T Inc. | 96,567 | 2,648 | |
Comcast Corp. Class A | 37,116 | 2,252 | |
Cisco Systems Inc. | 15,912 | 939 | |
* | DISH Network Corp. Class A | 18,323 | 799 |
Lumen Technologies Inc. | 60,151 | 740 | |
* | Lumentum Holdings Inc. | 4,812 | 417 |
* | U.S. Cellular Corp. | 13,018 | 416 |
* | WideOpenWest Inc. | 17,876 | 379 |
Juniper Networks Inc. | 12,679 | 367 | |
* | Plantronics Inc. | 11,085 | 330 |
* | Consolidated Communications Holdings Inc. | 28,606 | 265 |
* | CommScope Holding Co. Inc. | 16,561 | 262 |
Telephone and Data Systems Inc. | 12,701 | 258 | |
* | Liberty Latin America Ltd. Class A | 18,112 | 258 |
* | Altice USA Inc. Class A | 4,610 | 127 |
* | Liberty Global plc Class C | 4,008 | 116 |
Comtech Telecommunications Corp. | 3,359 | 86 | |
* | NETGEAR Inc. | 2,304 | 82 |
* | Ribbon Communications Inc. | 6,290 | 41 |
13,977 | |||
Utilities (1.0%) | |||
UGI Corp. | 9,943 | 460 | |
Public Service Enterprise Group Inc. | 6,529 | 417 | |
Southern Co. | 5,090 | 335 | |
ALLETE Inc. | 4,511 | 304 | |
Hawaiian Electric Industries Inc. | 6,718 | 293 | |
National Fuel Gas Co. | 5,304 | 275 | |
Spire Inc. | 4,046 | 270 | |
Avangrid Inc. | 4,846 | 265 | |
Evergy Inc. | 3,351 | 229 | |
Black Hills Corp. | 3,167 | 223 | |
Southwest Gas Holdings Inc. | 3,160 | 222 | |
Exelon Corp. | 3,897 | 191 | |
FirstEnergy Corp. | 3,676 | 143 | |
NorthWestern Corp. | 2,083 | 133 |
Shares | Market Value ($000) | ||
AES Corp. | 3,846 | 92 | |
Unitil Corp. | 1,839 | 91 | |
IDACORP Inc. | 838 | 88 | |
American Electric Power Co. Inc. | 847 | 76 | |
4,107 | |||
Total Common Stocks (Cost $326,160) | 402,429 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
3,4 | Vanguard Market Liquidity Fund, 0.068% (Cost $1,158) | 11,580 | 1,158 |
Total Investments (100.0%) (Cost $327,318) | 403,587 | ||
Other Assets and Liabilities—Net (0.0%) | (98) | ||
Net Assets (100%) | 403,489 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $571,000. |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2021, the aggregate value was $165,000, representing 0.0% of net assets. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $607,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | September 2021 | 3 | 678 | 55 |
Micro E-mini S&P 500 Index | September 2021 | 13 | 294 | 17 |
72 |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of August 31, 2021, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 402,338 | 91 | — | 402,429 |
Temporary Cash Investments | 1,158 | — | — | 1,158 |
Total | 403,496 | 91 | — | 403,587 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 72 | — | — | 72 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |