Vanguard Large-Cap Index Fund
Schedule of Investments (unaudited)
As of March 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.
Market | ||
Value | ||
Shares | ($000) | |
Common Stocks (99.6%) | ||
Basic Materials (1.9%) | ||
Linde plc | 516,794 | 144,775 |
Air Products & Chemicals Inc. | 218,676 | 61,522 |
Ecolab Inc. | 253,886 | 54,349 |
Newmont Corp. | 790,959 | 47,671 |
* Freeport-McMoRan Inc. | 1,441,346 | 47,464 |
Dow Inc. | 732,373 | 46,828 |
DuPont de Nemours Inc. | 531,450 | 41,070 |
International Flavors & Fragrances Inc. | 245,796 | 34,316 |
Fastenal Co. | 567,544 | 28,536 |
LyondellBasell Industries NV Class A | 263,936 | 27,463 |
Nucor Corp. | 298,391 | 23,952 |
International Paper Co. | 388,464 | 21,004 |
Celanese Corp. Class A | 112,826 | 16,903 |
Albemarle Corp. | 115,254 | 16,840 |
Avery Dennison Corp. | 82,060 | 15,070 |
Eastman Chemical Co. | 134,237 | 14,782 |
FMC Corp. | 128,208 | 14,181 |
CF Industries Holdings Inc. | 105,770 | 4,800 |
Westlake Chemical Corp. | 15,772 | 1,400 |
662,926 | ||
Consumer Discretionary (16.4%) | ||
* Amazon.com Inc. | 422,994 | 1,308,777 |
* Tesla Inc. | 758,841 | 506,853 |
* Walt Disney Co. | 1,793,947 | 331,019 |
Home Depot Inc. | 1,063,968 | 324,776 |
* Netflix Inc. | 437,683 | 228,322 |
Walmart Inc. | 1,398,036 | 189,895 |
NIKE Inc. Class B | 1,256,513 | 166,978 |
McDonald's Corp. | 736,825 | 165,152 |
Costco Wholesale Corp. | 437,741 | 154,295 |
Lowe's Cos. Inc. | 722,419 | 137,390 |
Starbucks Corp. | 1,163,495 | 127,135 |
Target Corp. | 494,893 | 98,023 |
* Booking Holdings Inc. | 40,480 | 94,312 |
TJX Cos. Inc. | 1,127,103 | 74,558 |
* General Motors Co. | 1,281,486 | 73,634 |
Activision Blizzard Inc. | 765,662 | 71,207 |
Estee Lauder Cos. Inc. Class A | 215,667 | 62,727 |
* Uber Technologies Inc. | 1,097,818 | 59,842 |
Dollar General Corp. | 242,140 | 49,062 |
* Ford Motor Co. | 3,862,135 | 47,311 |
Ross Stores Inc. | 352,270 | 42,241 |
* Chipotle Mexican Grill Inc. Class A | 27,819 | 39,526 |
eBay Inc. | 638,783 | 39,119 |
Electronic Arts Inc. | 284,251 | 38,479 | |
* | Marriott International Inc. Class A | 256,467 | 37,985 |
* | Aptiv plc | 266,870 | 36,801 |
* | Lululemon Athletica Inc. | 117,469 | 36,029 |
* | O'Reilly Automotive Inc. | 70,293 | 35,656 |
* | Southwest Airlines Co. | 583,783 | 35,646 |
* | Hilton Worldwide Holdings Inc. | 274,339 | 33,173 |
Yum! Brands Inc. | 296,547 | 32,080 | |
* | AutoZone Inc. | 22,492 | 31,586 |
* | Delta Air Lines Inc. | 630,687 | 30,450 |
DR Horton Inc. | 341,476 | 30,432 | |
Lennar Corp. Class A | 275,741 | 27,913 | |
* | Peloton Interactive Inc. Class A | 247,491 | 27,828 |
* | Trade Desk Inc. Class A | 42,106 | 27,439 |
* | Dollar Tree Inc. | 232,431 | 26,604 |
Best Buy Co. Inc. | 230,298 | 26,441 | |
VF Corp. | 309,642 | 24,747 | |
ViacomCBS Inc. Class B | 535,917 | 24,170 | |
* | Etsy Inc. | 118,260 | 23,849 |
* | Expedia Group Inc. | 136,690 | 23,527 |
* | Las Vegas Sands Corp. | 377,436 | 22,933 |
* | Copart Inc. | 210,192 | 22,829 |
* | Wayfair Inc. | 72,296 | 22,755 |
* | Carnival Corp. | 814,877 | 21,627 |
* | CarMax Inc. | 160,642 | 21,311 |
Tractor Supply Co. | 114,936 | 20,353 | |
* | Carvana Co. Class A | 77,395 | 20,308 |
* | Take-Two Interactive Software Inc. | 113,807 | 20,110 |
Garmin Ltd. | 151,298 | 19,949 | |
* | Burlington Stores Inc. | 65,396 | 19,540 |
* | Royal Caribbean Cruises Ltd. | 213,641 | 18,290 |
Darden Restaurants Inc. | 128,796 | 18,289 | |
* | United Airlines Holdings Inc. | 308,158 | 17,731 |
* | DraftKings Inc. Class A | 270,985 | 16,620 |
Genuine Parts Co. | 142,533 | 16,475 | |
* | Ulta Beauty Inc. | 52,887 | 16,351 |
* | NVR Inc. | 3,442 | 16,215 |
* | Lyft Inc. Class A | 253,063 | 15,989 |
Omnicom Group Inc. | 212,466 | 15,754 | |
MGM Resorts International | 391,159 | 14,860 | |
Domino's Pizza Inc. | 38,343 | 14,102 | |
Whirlpool Corp. | 62,254 | 13,718 | |
PulteGroup Inc. | 249,631 | 13,091 | |
* | Wynn Resorts Ltd. | 102,838 | 12,893 |
*,^ | ROBLOX Corp. | 196,379 | 12,731 |
Fox Corp. Class A | 350,273 | 12,648 | |
Hasbro Inc. | 128,932 | 12,393 | |
Advance Auto Parts Inc. | 64,762 | 11,883 | |
* | Live Nation Entertainment Inc. | 139,477 | 11,807 |
* | Discovery Inc. Class C | 299,001 | 11,030 |
BorgWarner Inc. | 236,259 | 10,953 | |
* | LKQ Corp. | 255,010 | 10,795 |
* | Airbnb Inc. Class A | 56,349 | 10,590 |
News Corp. Class A | 383,641 | 9,756 | |
* | Caesars Entertainment Inc. | 97,578 | 8,533 |
* | Penn National Gaming Inc. | 76,592 | 8,030 |
* | American Airlines Group Inc. | 315,974 | 7,552 |
Rollins Inc. | 218,599 | 7,524 | |
* | Liberty Media Corp -Liberty SiriusXM Class C | 160,360 | 7,073 |
*,^ | Discovery Inc. Class A | 152,457 | 6,626 |
* | Chewy Inc. Class A | 70,829 | 6,000 |
*,^ | QuantumScape Corp. Class A | 130,893 | 5,857 |
* | Vail Resorts Inc. | 19,898 | 5,803 |
Interpublic Group of Cos. Inc. | 193,194 | 5,641 | |
Lear Corp. | 29,650 | 5,374 | |
^ | Sirius XM Holdings Inc. | 818,690 | 4,986 |
Aramark | 125,477 | 4,741 | |
Fox Corp. Class B | 131,024 | 4,577 | |
* | Liberty Media Corp -Liberty SiriusXM Class A | 78,261 | 3,450 |
Warner Music Group Corp. Class A | 87,834 | 3,015 | |
News Corp. Class B | 121,412 | 2,848 | |
Lennar Corp. Class B | 9,825 | 809 | |
ViacomCBS Inc. Class A | 7,158 | 338 | |
Newell Brands Inc. | 38 | 1 | |
5,648,446 | |||
Consumer Staples (5.3%) | |||
Procter & Gamble Co. | 2,433,717 | 329,598 | |
Coca-Cola Co. | 3,822,380 | 201,478 | |
PepsiCo Inc. | 1,363,477 | 192,864 | |
Philip Morris International Inc. | 1,539,168 | 136,586 | |
CVS Health Corp. | 1,295,977 | 97,496 | |
Altria Group Inc. | 1,836,543 | 93,958 | |
Mondelez International Inc. Class A | 1,395,689 | 81,690 | |
Colgate-Palmolive Co. | 838,664 | 66,112 | |
Kimberly-Clark Corp. | 334,392 | 46,497 | |
Walgreens Boots Alliance Inc. | 725,765 | 39,845 | |
Sysco Corp. | 479,158 | 37,729 | |
General Mills Inc. | 604,243 | 37,052 | |
Constellation Brands Inc. Class A | 159,646 | 36,399 | |
Corteva Inc. | 734,733 | 34,253 | |
* | Monster Beverage Corp. | 365,223 | 33,268 |
Archer-Daniels-Midland Co. | 551,851 | 31,456 | |
McKesson Corp. | 157,291 | 30,678 | |
Kroger Co. | 714,757 | 25,724 | |
Kraft Heinz Co. | 604,397 | 24,176 | |
Clorox Co. | 124,311 | 23,977 | |
Keurig Dr Pepper Inc. | 695,181 | 23,893 | |
Hershey Co. | 144,850 | 22,910 | |
McCormick & Co. Inc. | 246,010 | 21,934 | |
Tyson Foods Inc. Class A | 291,257 | 21,640 | |
Church & Dwight Co. Inc. | 242,201 | 21,156 | |
Brown-Forman Corp. Class B | 305,793 | 21,091 | |
Conagra Brands Inc. | 458,698 | 17,247 | |
AmerisourceBergen Corp. Class A | 141,588 | 16,717 | |
Kellogg Co. | 254,889 | 16,135 | |
J M Smucker Co. | 107,115 | 13,553 | |
Hormel Foods Corp. | 266,772 | 12,746 | |
Lamb Weston Holdings Inc. | 144,621 | 11,205 | |
Campbell Soup Co. | 194,330 | 9,769 | |
* | Molson Coors Beverage Co. Class B | 89,130 | 4,559 |
Brown-Forman Corp. Class A | 41,870 | 2,666 | |
1,838,057 |
Energy (2.6%) | ||
Exxon Mobil Corp. | 4,178,605 | 233,292 |
Chevron Corp. | 1,807,508 | 189,409 |
ConocoPhillips | 1,338,836 | 70,918 |
EOG Resources Inc. | 576,529 | 41,816 |
Schlumberger Ltd. | 1,375,992 | 37,413 |
Phillips 66 | 431,789 | 35,208 |
Marathon Petroleum Corp. | 643,000 | 34,394 |
Pioneer Natural Resources Co. | 213,553 | 33,916 |
Kinder Morgan Inc. | 1,902,184 | 31,671 |
Valero Energy Corp. | 403,749 | 28,908 |
Williams Cos. Inc. | 1,199,501 | 28,416 |
Occidental Petroleum Corp. | 920,259 | 24,497 |
ONEOK Inc. | 439,728 | 22,277 |
Hess Corp. | 273,123 | 19,326 |
Halliburton Co. | 834,276 | 17,904 |
* Plug Power Inc. | 495,646 | 17,764 |
* Cheniere Energy Inc. | 225,526 | 16,240 |
Baker Hughes Co. Class A | 684,020 | 14,782 |
* Enphase Energy Inc. | 57,271 | 9,287 |
907,438 | ||
Financials (11.4%) | ||
* Berkshire Hathaway Inc. Class B | 1,812,324 | 462,994 |
JPMorgan Chase & Co. | 3,015,736 | 459,085 |
Bank of America Corp. | 7,678,951 | 297,099 |
AT&T Inc. | 7,042,321 | 213,171 |
Wells Fargo & Co. | 4,085,226 | 159,610 |
Citigroup Inc. | 2,057,561 | 149,688 |
Morgan Stanley | 1,484,444 | 115,282 |
Goldman Sachs Group Inc. | 341,757 | 111,755 |
BlackRock Inc. | 135,649 | 102,274 |
Charles Schwab Corp. | 1,514,648 | 98,725 |
S&P Global Inc. | 237,888 | 83,943 |
Truist Financial Corp. | 1,331,395 | 77,647 |
US Bancorp | 1,336,080 | 73,899 |
PNC Financial Services Group Inc. | 418,732 | 73,450 |
CME Group Inc. | 354,792 | 72,459 |
Intercontinental Exchange Inc. | 555,233 | 62,008 |
Marsh & McLennan Cos. Inc. | 502,263 | 61,176 |
Chubb Ltd. | 379,189 | 59,900 |
Progressive Corp. | 578,872 | 55,346 |
Aon plc Class A | 223,352 | 51,395 |
Blackstone Group LP Class A | 675,833 | 50,370 |
Moody's Corp. | 157,184 | 46,937 |
MetLife Inc. | 655,624 | 39,855 |
American International Group Inc. | 854,684 | 39,495 |
T. Rowe Price Group Inc. | 225,175 | 38,640 |
Travelers Cos. Inc. | 249,280 | 37,492 |
Bank of New York Mellon Corp. | 781,731 | 36,968 |
Prudential Financial Inc. | 392,359 | 35,744 |
Allstate Corp. | 284,396 | 32,677 |
MSCI Inc. Class A | 77,536 | 32,509 |
Aflac Inc. | 612,654 | 31,356 |
Willis Towers Watson plc | 127,456 | 29,172 |
First Republic Bank | 173,625 | 28,952 |
Discover Financial Services | 303,108 | 28,792 |
State Street Corp. | 330,323 | 27,750 |
Ameriprise Financial Inc. | 115,408 | 26,827 | |
KKR & Co. Inc. | 541,427 | 26,449 | |
Fifth Third Bancorp | 704,357 | 26,378 | |
* | SVB Financial Group | 51,282 | 25,316 |
Arthur J Gallagher & Co. | 191,453 | 23,888 | |
Hartford Financial Services Group Inc. | 353,334 | 23,599 | |
Northern Trust Corp. | 195,609 | 20,560 | |
Regions Financial Corp. | 949,283 | 19,612 | |
M&T Bank Corp. | 127,101 | 19,270 | |
KeyCorp | 957,324 | 19,127 | |
Citizens Financial Group Inc. | 420,092 | 18,547 | |
MarketAxess Holdings Inc. | 35,679 | 17,765 | |
Broadridge Financial Solutions Inc. | 114,446 | 17,522 | |
Nasdaq Inc. | 114,099 | 16,825 | |
Ally Financial Inc. | 369,707 | 16,714 | |
Principal Financial Group Inc. | 269,404 | 16,153 | |
Huntington Bancshares Inc. | 1,005,164 | 15,801 | |
Cincinnati Financial Corp. | 151,346 | 15,602 | |
* | Markel Corp. | 13,630 | 15,533 |
Raymond James Financial Inc. | 122,500 | 15,014 | |
* | Arch Capital Group Ltd. | 381,901 | 14,654 |
Equitable Holdings Inc. | 430,675 | 14,049 | |
Annaly Capital Management Inc. | 1,383,319 | 11,897 | |
FactSet Research Systems Inc. | 37,539 | 11,584 | |
Loews Corp. | 224,361 | 11,505 | |
Fidelity National Financial Inc. | 275,693 | 11,210 | |
Cboe Global Markets Inc. | 105,965 | 10,458 | |
W R Berkley Corp. | 131,486 | 9,907 | |
Everest Re Group Ltd. | 39,506 | 9,790 | |
Globe Life Inc. | 93,127 | 8,999 | |
Franklin Resources Inc. | 299,635 | 8,869 | |
*,^ | Opendoor Technologies Inc. | 341,558 | 7,238 |
Lincoln National Corp. | 90,117 | 5,612 | |
Interactive Brokers Group Inc. | 76,257 | 5,570 | |
AGNC Investment Corp. | 266,997 | 4,475 | |
* | Alleghany Corp. | 6,544 | 4,098 |
SEI Investments Co. | 63,865 | 3,891 | |
Tradeweb Markets Inc. Class A | 42,647 | 3,156 | |
^ | Rocket Cos. Inc. Class A | 114,015 | 2,633 |
* | Berkshire Hathaway Inc. Class A | 6 | 2,314 |
3,936,026 | |||
Health Care (12.6%) | |||
Johnson & Johnson | 2,593,599 | 426,258 | |
UnitedHealth Group Inc. | 937,687 | 348,885 | |
Abbott Laboratories | 1,750,748 | 209,810 | |
Pfizer Inc. | 5,493,151 | 199,017 | |
Merck & Co. Inc. | 2,500,365 | 192,753 | |
AbbVie Inc. | 1,745,134 | 188,858 | |
Thermo Fisher Scientific Inc. | 389,168 | 177,608 | |
Eli Lilly and Co. | 852,458 | 159,256 | |
Medtronic plc | 1,331,658 | 157,309 | |
Danaher Corp. | 633,464 | 142,580 | |
Amgen Inc. | 570,788 | 142,018 | |
Bristol-Myers Squibb Co. | 2,214,232 | 139,784 | |
Anthem Inc. | 242,037 | 86,879 | |
* | Intuitive Surgical Inc. | 116,343 | 85,971 |
Cigna Corp. | 347,737 | 84,062 |
Stryker Corp. | 334,602 | 81,502 | |
Gilead Sciences Inc. | 1,238,788 | 80,063 | |
Zoetis Inc. | 469,594 | 73,952 | |
Becton Dickinson and Co. | 287,157 | 69,822 | |
* | Illumina Inc. | 144,186 | 55,376 |
* | Vertex Pharmaceuticals Inc. | 256,908 | 55,207 |
* | Boston Scientific Corp. | 1,400,576 | 54,132 |
Humana Inc. | 127,358 | 53,395 | |
* | Edwards Lifesciences Corp. | 617,177 | 51,621 |
HCA Healthcare Inc. | 268,729 | 50,612 | |
* | Regeneron Pharmaceuticals Inc. | 98,831 | 46,761 |
* | Biogen Inc. | 150,550 | 42,116 |
Baxter International Inc. | 499,198 | 42,102 | |
* | IDEXX Laboratories Inc. | 84,407 | 41,301 |
* | Moderna Inc. | 312,854 | 40,968 |
Agilent Technologies Inc. | 301,795 | 38,370 | |
* | Align Technology Inc. | 70,133 | 37,979 |
* | Centene Corp. | 574,765 | 36,733 |
* | IQVIA Holdings Inc. | 189,499 | 36,600 |
* | Veeva Systems Inc. Class A | 134,761 | 35,205 |
* | Dexcom Inc. | 95,050 | 34,160 |
Zimmer Biomet Holdings Inc. | 205,422 | 32,884 | |
* | Alexion Pharmaceuticals Inc. | 206,276 | 31,542 |
ResMed Inc. | 143,785 | 27,897 | |
* | Laboratory Corp. of America Holdings | 96,209 | 24,536 |
* | Teladoc Health Inc. | 133,661 | 24,293 |
* | Exact Sciences Corp. | 167,091 | 22,019 |
Cerner Corp. | 302,698 | 21,758 | |
West Pharmaceutical Services Inc. | 73,228 | 20,634 | |
Teleflex Inc. | 46,131 | 19,166 | |
* | Hologic Inc. | 254,633 | 18,940 |
Cooper Cos. Inc. | 48,579 | 18,659 | |
* | Seagen Inc. | 134,262 | 18,644 |
Cardinal Health Inc. | 290,157 | 17,627 | |
* | Insulet Corp. | 65,233 | 17,021 |
Quest Diagnostics Inc. | 131,889 | 16,927 | |
* | Viatris Inc. | 1,202,179 | 16,794 |
* | Alnylam Pharmaceuticals Inc. | 115,618 | 16,324 |
* | Varian Medical Systems Inc. | 90,767 | 16,023 |
* | Incyte Corp. | 184,643 | 15,006 |
* | ABIOMED Inc. | 44,693 | 14,245 |
Dentsply Sirona Inc. | 215,963 | 13,781 | |
* | Elanco Animal Health Inc. | 466,363 | 13,734 |
* | BioMarin Pharmaceutical Inc. | 179,375 | 13,545 |
Royalty Pharma plc Class A | 287,110 | 12,524 | |
* | Horizon Therapeutics plc | 110,488 | 10,169 |
* | Henry Schein Inc. | 140,777 | 9,747 |
Universal Health Services Inc. Class B | 73,071 | 9,747 | |
* | Catalent Inc. | 83,938 | 8,840 |
* | DaVita Inc. | 70,276 | 7,574 |
* | 10X Genomics Inc. Class A | 36,063 | 6,527 |
* | Bio-Rad Laboratories Inc. Class A | 10,371 | 5,924 |
* | PPD Inc. | 121,518 | 4,598 |
* | Oak Street Health Inc. | 83,097 | 4,510 |
*,^ | GoodRx Holdings Inc. Class A | 37,796 | 1,475 |
4,332,659 |
Industrials (13.4%) | ||
Visa Inc. Class A | 1,676,233 | 354,909 |
Mastercard Inc. Class A | 876,241 | 311,986 |
* PayPal Holdings Inc. | 1,155,595 | 280,625 |
Accenture plc Class A | 653,331 | 180,483 |
Honeywell International Inc. | 687,356 | 149,204 |
* Boeing Co. | 576,116 | 146,748 |
Union Pacific Corp. | 661,975 | 145,906 |
Caterpillar Inc. | 538,908 | 124,957 |
United Parcel Service Inc. Class B | 711,062 | 120,873 |
Raytheon Technologies Corp. | 1,501,632 | 116,031 |
General Electric Co. | 8,664,992 | 113,771 |
3M Co. | 572,297 | 110,270 |
Deere & Co. | 279,666 | 104,634 |
* Square Inc. | 385,244 | 87,470 |
Lockheed Martin Corp. | 235,297 | 86,942 |
Fidelity National Information Services Inc. | 613,850 | 86,313 |
American Express Co. | 597,140 | 84,459 |
Automatic Data Processing Inc. | 401,781 | 75,724 |
CSX Corp. | 753,592 | 72,661 |
* Fiserv Inc. | 563,219 | 67,046 |
FedEx Corp. | 235,771 | 66,968 |
Norfolk Southern Corp. | 248,967 | 66,853 |
Illinois Tool Works Inc. | 281,649 | 62,391 |
Sherwin-Williams Co. | 79,703 | 58,822 |
Global Payments Inc. | 291,788 | 58,819 |
Capital One Financial Corp. | 453,680 | 57,722 |
Eaton Corp. plc | 393,439 | 54,405 |
Emerson Electric Co. | 592,980 | 53,499 |
Northrop Grumman Corp. | 148,287 | 47,992 |
General Dynamics Corp. | 240,469 | 43,660 |
Johnson Controls International plc | 711,864 | 42,477 |
L3Harris Technologies Inc. | 207,646 | 42,086 |
Parker-Hannifin Corp. | 127,556 | 40,235 |
Trane Technologies plc | 235,635 | 39,012 |
Cummins Inc. | 145,929 | 37,812 |
Carrier Global Corp. | 859,027 | 36,268 |
PPG Industries Inc. | 234,012 | 35,163 |
IHS Markit Ltd. | 352,765 | 34,141 |
PACCAR Inc. | 342,875 | 31,860 |
Stanley Black & Decker Inc. | 159,003 | 31,748 |
Paychex Inc. | 320,752 | 31,440 |
Rockwell Automation Inc. | 114,789 | 30,470 |
* TransDigm Group Inc. | 51,346 | 30,187 |
Cintas Corp. | 88,227 | 30,113 |
Otis Worldwide Corp. | 428,332 | 29,319 |
AMETEK Inc. | 227,872 | 29,106 |
Verisk Analytics Inc. Class A | 160,895 | 28,428 |
Ball Corp. | 324,099 | 27,464 |
* Mettler-Toledo International Inc. | 23,127 | 26,728 |
* Keysight Technologies Inc. | 183,911 | 26,373 |
* Zebra Technologies Corp. | 52,785 | 25,610 |
Old Dominion Freight Line Inc. | 104,000 | 25,003 |
Kansas City Southern | 89,791 | 23,698 |
* United Rentals Inc. | 71,361 | 23,500 |
Fortive Corp. | 317,246 | 22,410 |
Synchrony Financial | 548,263 | 22,292 |
* | FleetCor Technologies Inc. | 82,679 | 22,210 |
Vulcan Materials Co. | 131,013 | 22,108 | |
Equifax Inc. | 120,202 | 21,772 | |
Martin Marietta Materials Inc. | 61,552 | 20,670�� | |
Dover Corp. | 141,946 | 19,465 | |
* | Trimble Inc. | 247,242 | 19,233 |
Xylem Inc. | 178,102 | 18,733 | |
* | Ingersoll Rand Inc. | 371,478 | 18,280 |
Expeditors International of Washington Inc. | 167,385 | 18,026 | |
WW Grainger Inc. | 43,995 | 17,639 | |
* | Waters Corp. | 61,441 | 17,460 |
TransUnion | 188,459 | 16,961 | |
Jacobs Engineering Group Inc. | 128,549 | 16,617 | |
Masco Corp. | 254,136 | 15,223 | |
JB Hunt Transport Services Inc. | 83,554 | 14,043 | |
Wabtec Corp. | 177,343 | 14,038 | |
Westrock Co. | 260,393 | 13,553 | |
Fortune Brands Home & Security Inc. | 137,031 | 13,130 | |
Crown Holdings Inc. | 133,188 | 12,925 | |
CH Robinson Worldwide Inc. | 132,230 | 12,619 | |
Packaging Corp. of America | 93,716 | 12,603 | |
Textron Inc. | 223,616 | 12,540 | |
Snap-on Inc. | 53,551 | 12,356 | |
* | Generac Holdings Inc. | 30,989 | 10,147 |
Western Union Co. | 406,044 | 10,013 | |
HEICO Corp. Class A | 73,305 | 8,327 | |
Cognex Corp. | 82,755 | 6,868 | |
Jack Henry & Associates Inc. | 37,588 | 5,703 | |
* | Mohawk Industries Inc. | 27,768 | 5,340 |
HEICO Corp. | 41,759 | 5,253 | |
Hubbell Inc. Class B | 26,923 | 5,032 | |
* | XPO Logistics Inc. | 40,404 | 4,982 |
*,^ | Affirm Holdings Inc. | 25,639 | 1,813 |
*,^ | Nikola Corp. | 166 | 2 |
4,640,770 | |||
Real Estate (2.6%) | |||
American Tower Corp. | 439,018 | 104,952 | |
Prologis Inc. | 729,924 | 77,372 | |
Crown Castle International Corp. | 426,252 | 73,371 | |
Equinix Inc. | 88,243 | 59,969 | |
Digital Realty Trust Inc. | 277,004 | 39,013 | |
Simon Property Group Inc. | 324,690 | 36,940 | |
Public Storage | 146,930 | 36,256 | |
* | CoStar Group Inc. | 38,940 | 32,004 |
SBA Communications Corp. Class A | 108,543 | 30,126 | |
Welltower Inc. | 412,473 | 29,545 | |
Equity Residential | 368,268 | 26,379 | |
Weyerhaeuser Co. | 738,979 | 26,308 | |
AvalonBay Communities Inc. | 137,973 | 25,457 | |
* | CBRE Group Inc. Class A | 315,076 | 24,926 |
Realty Income Corp. | 368,941 | 23,428 | |
Alexandria Real Estate Equities Inc. | 135,093 | 22,196 | |
* | Zillow Group Inc. Class C | 154,908 | 20,082 |
Ventas Inc. | 370,228 | 19,748 | |
Invitation Homes Inc. | 560,540 | 17,932 | |
Essex Property Trust Inc. | 64,236 | 17,462 | |
Extra Space Storage Inc. | 129,798 | 17,205 |
Healthpeak Properties Inc. | 532,244 | 16,893 |
Sun Communities Inc. | 110,300 | 16,549 |
Mid-America Apartment Communities Inc. | 113,029 | 16,317 |
Duke Realty Corp. | 369,369 | 15,488 |
Boston Properties Inc. | 138,492 | 14,024 |
UDR Inc. | 293,278 | 12,863 |
WP Carey Inc. | 173,292 | 12,262 |
Camden Property Trust | 96,395 | 10,595 |
Iron Mountain Inc. | 284,981 | 10,547 |
* Host Hotels & Resorts Inc. | 348,516 | 5,872 |
* Zillow Group Inc. Class A | 41,536 | 5,457 |
Regency Centers Corp. | 83,862 | 4,756 |
VEREIT Inc. | 113,107 | 4,368 |
906,662 | ||
Technology (27.7%) | ||
Apple Inc. | 14,932,287 | 1,823,979 |
Microsoft Corp. | 7,453,715 | 1,757,362 |
* Facebook Inc. Class A | 2,377,202 | 700,157 |
* Alphabet Inc. Class A | 297,215 | 613,012 |
* Alphabet Inc. Class C | 275,146 | 569,175 |
NVIDIA Corp. | 581,144 | 310,290 |
Intel Corp. | 4,015,373 | 256,984 |
* Adobe Inc. | 473,085 | 224,890 |
Broadcom Inc. | 403,419 | 187,049 |
* salesforce.com Inc. | 861,593 | 182,546 |
Texas Instruments Inc. | 909,441 | 171,875 |
QUALCOMM Inc. | 1,122,648 | 148,852 |
Oracle Corp. | 1,745,782 | 122,502 |
Applied Materials Inc. | 906,878 | 121,159 |
International Business Machines Corp. | 883,103 | 117,682 |
Intuit Inc. | 257,078 | 98,476 |
* Micron Technology Inc. | 1,105,542 | 97,520 |
* ServiceNow Inc. | 193,789 | 96,916 |
* Advanced Micro Devices Inc. | 1,197,043 | 93,968 |
Lam Research Corp. | 141,225 | 84,063 |
* Zoom Video Communications Inc. Class A | 191,566 | 61,548 |
* Autodesk Inc. | 217,295 | 60,223 |
* Snap Inc. | 1,114,412 | 58,273 |
Analog Devices Inc. | 364,578 | 56,539 |
* Twilio Inc. Class A | 158,106 | 53,876 |
KLA Corp. | 152,274 | 50,311 |
* Twitter Inc. | 749,408 | 47,685 |
* Workday Inc. Class A | 181,830 | 45,172 |
TE Connectivity Ltd. | 327,004 | 42,219 |
Roper Technologies Inc. | 103,707 | 41,829 |
Microchip Technology Inc. | 266,080 | 41,301 |
Cognizant Technology Solutions Corp. Class A | 524,415 | 40,967 |
HP Inc. | 1,232,254 | 39,124 |
Amphenol Corp. Class A | 592,146 | 39,064 |
* Pinterest Inc. Class A | 526,122 | 38,949 |
* Cadence Design Systems Inc. | 275,679 | 37,765 |
* Synopsys Inc. | 150,565 | 37,307 |
* DocuSign Inc. Class A | 175,183 | 35,466 |
* Match Group Inc. | 249,720 | 34,307 |
Corning Inc. | 759,059 | 33,027 |
Marvell Technology Group Ltd. | 663,899 | 32,518 |
* Crowdstrike Holdings Inc. Class A | 176,765 | 32,261 |
Xilinx Inc. | 242,395 | 30,033 | |
Skyworks Solutions Inc. | 162,954 | 29,899 | |
* | Palo Alto Networks Inc. | 91,284 | 29,399 |
* | ANSYS Inc. | 85,740 | 29,114 |
* | Okta Inc. | 119,790 | 26,405 |
* | Fortinet Inc. | 137,075 | 25,279 |
Maxim Integrated Products Inc. | 264,882 | 24,202 | |
* | RingCentral Inc. Class A | 79,336 | 23,633 |
CDW Corp. | 141,299 | 23,420 | |
* | Dell Technologies Inc. | 247,549 | 21,821 |
* | Splunk Inc. | 159,828 | 21,653 |
* | EPAM Systems Inc. | 52,671 | 20,894 |
* | Qorvo Inc. | 111,921 | 20,448 |
Hewlett Packard Enterprise Co. | 1,278,320 | 20,121 | |
Teradyne Inc. | 164,558 | 20,023 | |
* | HubSpot Inc. | 43,464 | 19,742 |
Western Digital Corp. | 287,383 | 19,183 | |
* | Slack Technologies Inc. Class A | 470,778 | 19,128 |
* | VeriSign Inc. | 95,018 | 18,886 |
* | Paycom Software Inc. | 50,560 | 18,710 |
* | Coupa Software Inc. | 71,320 | 18,150 |
* | Datadog Inc. Class A | 207,962 | 17,332 |
Citrix Systems Inc. | 121,514 | 17,056 | |
* | Tyler Technologies Inc. | 40,084 | 17,017 |
* | IAC/InterActiveCorp | 77,896 | 16,850 |
* | Akamai Technologies Inc. | 160,838 | 16,389 |
Seagate Technology plc | 210,512 | 16,157 | |
NetApp Inc. | 220,487 | 16,023 | |
* | Gartner Inc. | 83,287 | 15,204 |
SS&C Technologies Holdings Inc. | 214,998 | 15,022 | |
* | Cloudflare Inc. Class A | 210,022 | 14,756 |
*,^ | Unity Software Inc. | 134,891 | 13,531 |
* | GoDaddy Inc. Class A | 167,376 | 12,992 |
* | Zscaler Inc. | 72,941 | 12,522 |
*,^ | VMware Inc. Class A | 77,539 | 11,666 |
NortonLifeLock Inc. | 546,289 | 11,614 | |
* | Black Knight Inc. | 147,447 | 10,910 |
* | ON Semiconductor Corp. | 203,111 | 8,451 |
* | Dropbox Inc. Class A | 310,962 | 8,290 |
* | Palantir Technologies Inc. Class A | 346,032 | 8,059 |
* | Snowflake Inc. Class A | 35,062 | 8,039 |
* | Zendesk Inc. | 58,075 | 7,702 |
Monolithic Power Systems Inc. | 21,197 | 7,487 | |
* | IPG Photonics Corp. | 34,318 | 7,239 |
* | MongoDB Inc. | 26,747 | 7,153 |
Leidos Holdings Inc. | 70,115 | 6,751 | |
* | F5 Networks Inc. | 30,455 | 6,354 |
* | ZoomInfo Technologies Inc. Class A | 87,677 | 4,287 |
*,^ | DoorDash Inc. Class A | 28,296 | 3,710 |
* | Bumble Inc. Class A | 56,979 | 3,554 |
* | Qualtrics International Inc. Class A | 26,121 | 860 |
9,541,308 | |||
Telecommunications (2.8%) | |||
Comcast Corp. Class A | 4,517,612 | 244,448 | |
Verizon Communications Inc. | 3,885,532 | 225,944 | |
Cisco Systems Inc. | 3,755,008 | 194,172 | |
* | Charter Communications Inc. Class A | 124,478 | 76,805 |
* T-Mobile US Inc. | 552,733 | 69,252 |
* Roku Inc. | 109,780 | 35,763 |
Motorola Solutions Inc. | 167,047 | 31,413 |
* Liberty Broadband Corp. | 154,113 | 23,140 |
* Arista Networks Inc. | 56,564 | 17,076 |
Lumen Technologies Inc. | 1,084,116 | 14,473 |
* DISH Network Corp. Class A | 241,665 | 8,748 |
* Altice USA Inc. Class A | 227,312 | 7,394 |
Juniper Networks Inc. | 161,885 | 4,101 |
* Liberty Broadband Corp. Class A | 25,676 | 3,727 |
Ubiquiti Inc. | 3,085 | 920 |
957,376 | ||
Utilities (2.9%) | ||
NextEra Energy Inc. | 1,936,908 | 146,450 |
Duke Energy Corp. | 759,942 | 73,357 |
Southern Co. | 1,044,104 | 64,901 |
Dominion Energy Inc. | 796,186 | 60,478 |
Waste Management Inc. | 418,219 | 53,959 |
Exelon Corp. | 962,545 | 42,102 |
American Electric Power Co. Inc. | 490,811 | 41,572 |
Sempra Energy | 285,079 | 37,796 |
Xcel Energy Inc. | 531,354 | 35,340 |
Public Service Enterprise Group Inc. | 499,893 | 30,098 |
Eversource Energy | 338,990 | 29,353 |
WEC Energy Group Inc. | 311,710 | 29,173 |
Waste Connections Inc. | 259,185 | 27,987 |
American Water Works Co. Inc. | 179,281 | 26,878 |
Consolidated Edison Inc. | 338,399 | 25,312 |
DTE Energy Co. | 189,845 | 25,276 |
Edison International | 374,050 | 21,919 |
PPL Corp. | 759,841 | 21,914 |
Republic Services Inc. Class A | 204,893 | 20,356 |
Ameren Corp. | 244,275 | 19,874 |
Entergy Corp. | 197,887 | 19,684 |
FirstEnergy Corp. | 536,817 | 18,622 |
AES Corp. | 657,656 | 17,632 |
CMS Energy Corp. | 285,510 | 17,479 |
* PG&E Corp. | 1,471,107 | 17,227 |
Alliant Energy Corp. | 246,931 | 13,374 |
Evergy Inc. | 223,981 | 13,334 |
CenterPoint Energy Inc. | 538,301 | 12,192 |
NiSource Inc. | 387,058 | 9,332 |
Vistra Corp. | 483,389 | 8,546 |
NRG Energy Inc. | 120,400 | 4,543 |
Pinnacle West Capital Corp. | 55,666 | 4,528 |
Avangrid Inc. | 61,371 | 3,057 |
993,645 | ||
Total Common Stocks (Cost $18,010,572) | 34,365,313 |
Coupon | |||
Temporary Cash Investment (0.4%) | |||
Money Market Fund (0.4%) | |||
1,2 Vanguard Market Liquidity Fund (Cost | |||
$155,109) | 0.081% | 1,551,159 | 155,116 |
Total Investments (100.0%) (Cost $18,165,681) | 34,520,429 | ||
Other Assets and Liabilities -Net (0.0%) | (16,265) | ||
Net Assets (100%) | 34,504,164 | ||
Cost is in $000. |
* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $45,366,000.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Collateral of $46,028,000 was received for securities on loan, of which $ 39,525,000 is held in Vanguard Market
Liquidity Fund.
Derivative Financial Instruments Outstanding as of Period End | ||||
Futures Contracts | ||||
($000) | ||||
Value and | ||||
Number of | Unrealized | |||
Long (Short) | Notional | Appreciation | ||
Expiration | Contracts | Amount | (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | June 2021 | 702 | 139,256 | 1,214 |
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. Temporary cash investments are valued using the latest bid prices or using
valuations based on a matrix system (which considers such factors as security prices, yields,
maturities, and ratings), both as furnished by independent pricing services.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of
maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs.
The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell
futures in response to cash outflows, thereby simulating a fully invested position in the underlying
index while maintaining a cash balance for liquidity. 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 derivative as of March
31, 2021, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
($000) | ($000) | ($000) | ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 34,365,313 | — | — | 34,365,313 |
Temporary Cash Investments | 155,116 | — | — | 115,116 |
Total | 34,520,429 | — | — | 34,520,429 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,214 | — | — | 1,214 |
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps,
if any, as reported in the Schedule of Investments.