Vanguard® Large-Cap Index Fund
Schedule of Investments (unaudited)
As of September 30, 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 (1.6%) | |||
Linde plc | 515,923 | 151,362 | |
Air Products and Chemicals Inc. | 221,512 | 56,731 | |
Ecolab Inc. | 257,655 | 53,752 | |
Freeport-McMoRan Inc. | 1,469,077 | 47,789 | |
Newmont Corp. | 799,689 | 43,423 | |
Dow Inc. | 745,713 | 42,923 | |
International Flavors & Fragrances Inc. | 249,242 | 33,329 | |
Fastenal Co. | 575,105 | 29,681 | |
Nucor Corp. | 293,908 | 28,947 | |
Albemarle Corp. | 117,018 | 25,623 | |
LyondellBasell Industries NV Class A | 267,774 | 25,131 | |
International Paper Co. | 391,092 | 21,870 | |
Avery Dennison Corp. | 82,941 | 17,186 | |
Celanese Corp. Class A | 111,197 | 16,751 | |
Eastman Chemical Co. | 135,854 | 13,686 | |
FMC Corp. | 128,781 | 11,791 | |
CF Industries Holdings Inc. | 107,601 | 6,006 | |
Westlake Chemical Corp. | 16,018 | 1,460 | |
627,441 | |||
Consumer Discretionary (16.0%) | |||
* | Amazon.com Inc. | 430,776 | 1,415,116 |
* | Tesla Inc. | 801,947 | 621,894 |
Home Depot Inc. | 1,056,095 | 346,674 | |
* | Walt Disney Co. | 1,818,396 | 307,618 |
* | Netflix Inc. | 442,900 | 270,320 |
Costco Wholesale Corp. | 442,369 | 198,778 | |
Walmart Inc. | 1,402,051 | 195,418 | |
NIKE Inc. Class B | 1,278,966 | 185,744 | |
McDonald's Corp. | 747,317 | 180,186 | |
Lowe's Cos. Inc. | 699,495 | 141,900 | |
Starbucks Corp. | 1,179,914 | 130,156 | |
Target Corp. | 489,999 | 112,097 | |
* | Booking Holdings Inc. | 41,078 | 97,514 |
TJX Cos. Inc. | 1,146,944 | 75,675 | |
* | General Motors Co. | 1,307,497 | 68,918 |
Estee Lauder Cos. Inc. Class A | 220,453 | 66,120 | |
Activision Blizzard Inc. | 778,250 | 60,229 | |
* | Uber Technologies Inc. | 1,319,940 | 59,133 |
* | Ford Motor Co. | 3,926,687 | 55,602 |
* | Airbnb Inc. Class A | 319,821 | 53,650 |
Dollar General Corp. | 233,480 | 49,530 | |
* | Chipotle Mexican Grill Inc. Class A | 26,720 | 48,564 |
Shares | Market Value ($000) | ||
* | Lululemon Athletica Inc. | 118,794 | 48,076 |
eBay Inc. | 617,976 | 43,054 | |
* | O'Reilly Automotive Inc. | 68,999 | 42,163 |
Electronic Arts Inc. | 284,784 | 40,511 | |
* | Aptiv plc | 270,709 | 40,328 |
Ross Stores Inc. | 357,353 | 38,898 | |
* | Marriott International Inc. Class A | 260,693 | 38,606 |
* | Hilton Worldwide Holdings Inc. | 278,877 | 36,842 |
* | AutoZone Inc. | 21,563 | 36,614 |
Yum! Brands Inc. | 295,850 | 36,185 | |
* | Trade Desk Inc. Class A | 434,403 | 30,539 |
* | Southwest Airlines Co. | 592,134 | 30,453 |
* | Copart Inc. | 213,066 | 29,557 |
* | Delta Air Lines Inc. | 640,416 | 27,288 |
DR Horton Inc. | 322,598 | 27,089 | |
* | Etsy Inc. | 126,667 | 26,342 |
Lennar Corp. Class A | 276,250 | 25,879 | |
* | Carvana Co. Class A | 84,556 | 25,497 |
Garmin Ltd. | 153,953 | 23,934 | |
Best Buy Co. Inc. | 225,578 | 23,846 | |
* | Expedia Group Inc. | 145,387 | 23,829 |
VF Corp. | 353,583 | 23,687 | |
Tractor Supply Co. | 114,410 | 23,181 | |
ViacomCBS Inc. Class B | 578,954 | 22,874 | |
* | Caesars Entertainment Inc. | 202,890 | 22,780 |
* | Peloton Interactive Inc. Class A | 255,488 | 22,240 |
* | Dollar Tree Inc. | 225,074 | 21,544 |
* | CarMax Inc. | 163,041 | 20,863 |
* | Carnival Corp. | 828,267 | 20,715 |
Darden Restaurants Inc. | 130,400 | 19,752 | |
* | Roblox Corp. Class A | 260,948 | 19,715 |
* | Ulta Beauty Inc. | 54,389 | 19,630 |
*,1 | AMC Entertainment Holdings Inc. Class A | 513,669 | 19,550 |
* | Royal Caribbean Cruises Ltd. | 216,629 | 19,269 |
* | Burlington Stores Inc. | 66,773 | 18,935 |
* | Wayfair Inc. Class A | 73,526 | 18,787 |
* | Take-Two Interactive Software Inc. | 116,672 | 17,976 |
MGM Resorts International | 409,856 | 17,685 | |
Domino's Pizza Inc. | 36,883 | 17,592 | |
Genuine Parts Co. | 143,308 | 17,373 | |
* | NVR Inc. | 3,377 | 16,190 |
Omnicom Group Inc. | 214,544 | 15,546 | |
* | United Airlines Holdings Inc. | 323,846 | 15,405 |
* | Las Vegas Sands Corp. | 420,458 | 15,389 |
* | Lyft Inc. Class A | 277,655 | 14,880 |
* | DraftKings Inc. Class A | 282,575 | 13,609 |
Fox Corp. Class A | 334,657 | 13,423 | |
Advance Auto Parts Inc. | 63,038 | 13,168 | |
* | Live Nation Entertainment Inc. | 142,438 | 12,980 |
Whirlpool Corp. | 62,736 | 12,789 | |
* | LKQ Corp. | 250,005 | 12,580 |
Hasbro Inc. | 130,872 | 11,676 | |
PulteGroup Inc. | 246,714 | 11,329 | |
BorgWarner Inc. (XNYS) | 239,982 | 10,370 | |
News Corp. Class A | 392,225 | 9,229 | |
* | Wynn Resorts Ltd. | 104,170 | 8,828 |
Rollins Inc. | 246,166 | 8,697 | |
Bath & Body Works Inc. | 125,845 | 7,932 |
Shares | Market Value ($000) | ||
* | Liberty Media Corp.- Liberty SiriusXM Class C | 160,426 | 7,615 |
* | Discovery Inc. Class C | 313,702 | 7,614 |
Interpublic Group of Cos. Inc. | 196,940 | 7,222 | |
* | Vail Resorts Inc. | 20,154 | 6,732 |
* | American Airlines Group Inc. | 323,888 | 6,646 |
* | GameStop Corp. Class A | 32,661 | 5,731 |
* | Penn National Gaming Inc. | 78,434 | 5,683 |
* | Chewy Inc. Class A | 83,426 | 5,682 |
Fox Corp. Class B | 138,533 | 5,142 | |
1 | Sirius XM Holdings Inc. | 810,689 | 4,945 |
Lear Corp. | 29,896 | 4,678 | |
Aramark | 128,133 | 4,210 | |
* | QuantumScape Corp. Class A | 167,851 | 4,119 |
*,1 | Discovery Inc. Class A | 160,900 | 4,084 |
Warner Music Group Corp. Class A | 93,580 | 4,000 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 77,602 | 3,660 |
News Corp. Class B | 119,119 | 2,767 | |
Lennar Corp. Class B | 13,379 | 1,038 | |
ViacomCBS Inc. Class A | 7,394 | 311 | |
*,1 | Endeavor Group Holdings Inc. Class A | 1,240 | 36 |
6,136,449 | |||
Consumer Staples (4.9%) | |||
Procter & Gamble Co. | 2,429,172 | 339,598 | |
PepsiCo Inc. | 1,383,105 | 208,033 | |
Coca-Cola Co. | 3,887,730 | 203,989 | |
Philip Morris International Inc. | 1,559,627 | 147,837 | |
CVS Health Corp. | 1,320,473 | 112,055 | |
Altria Group Inc. | 1,845,314 | 83,999 | |
Mondelez International Inc. Class A | 1,398,823 | 81,383 | |
Colgate-Palmolive Co. | 844,101 | 63,797 | |
Kimberly-Clark Corp. | 336,982 | 44,630 | |
Sysco Corp. | 486,294 | 38,174 | |
General Mills Inc. | 606,662 | 36,290 | |
Walgreens Boots Alliance Inc. | 735,714 | 34,615 | |
Constellation Brands Inc. Class A | 159,949 | 33,700 | |
Archer-Daniels-Midland Co. | 559,750 | 33,591 | |
* | Monster Beverage Corp. | 370,491 | 32,911 |
Corteva Inc. | 734,936 | 30,926 | |
McKesson Corp. | 154,758 | 30,856 | |
Kroger Co. | 672,957 | 27,208 | |
Kraft Heinz Co. | 673,342 | 24,792 | |
Hershey Co. | 145,521 | 24,629 | |
Keurig Dr Pepper Inc. | 709,305 | 24,230 | |
Tyson Foods Inc. Class A | 295,022 | 23,289 | |
Clorox Co. | 122,882 | 20,350 | |
Church & Dwight Co. Inc. | 245,677 | 20,286 | |
McCormick & Co. Inc. | 249,347 | 20,205 | |
Brown-Forman Corp. Class B | 297,098 | 19,909 | |
AmerisourceBergen Corp. Class A | 145,601 | 17,392 | |
Kellogg Co. | 255,790 | 16,350 | |
Conagra Brands Inc. | 480,629 | 16,279 | |
J M Smucker Co. | 103,013 | 12,365 | |
Hormel Foods Corp. | 271,442 | 11,129 | |
Lamb Weston Holdings Inc. | 145,190 | 8,910 | |
Campbell Soup Co. | 197,084 | 8,240 | |
Molson Coors Beverage Co. Class B | 90,332 | 4,190 | |
Brown-Forman Corp. Class A | 30,880 | 1,935 |
Shares | Market Value ($000) | ||
* | Olaplex Holdings Inc. | 9,272 | 227 |
1,858,299 | |||
Energy (2.6%) | |||
Exxon Mobil Corp. | 4,236,479 | 249,190 | |
Chevron Corp. | 1,935,268 | 196,333 | |
ConocoPhillips | 1,340,034 | 90,814 | |
EOG Resources Inc. | 584,266 | 46,899 | |
Schlumberger NV | 1,399,338 | 41,476 | |
Marathon Petroleum Corp. | 638,642 | 39,474 | |
Pioneer Natural Resources Co. | 219,720 | 36,586 | |
Kinder Morgan Inc. | 1,927,888 | 32,254 | |
Williams Cos. Inc. | 1,215,753 | 31,537 | |
Phillips 66 | 438,269 | 30,692 | |
Valero Energy Corp. | 409,083 | 28,869 | |
Occidental Petroleum Corp. | 887,627 | 26,256 | |
ONEOK Inc. | 445,942 | 25,860 | |
* | Cheniere Energy Inc. | 241,093 | 23,548 |
Hess Corp. | 278,898 | 21,785 | |
Baker Hughes Co. Class A | 787,551 | 19,476 | |
Halliburton Co. | 846,492 | 18,301 | |
* | Enphase Energy Inc. | 121,199 | 18,176 |
* | Plug Power Inc. | 574,735 | 14,679 |
Devon Energy Corp. | 338,727 | 12,028 | |
* | DTE Midstream LLC | 31 | 1 |
1,004,234 | |||
Financials (10.8%) | |||
JPMorgan Chase & Co. | 2,990,274 | 489,478 | |
* | Berkshire Hathaway Inc. Class B | 1,765,981 | 482,007 |
Bank of America Corp. | 7,578,832 | 321,721 | |
Wells Fargo & Co. | 4,109,272 | 190,711 | |
Citigroup Inc. | 2,028,263 | 142,344 | |
Morgan Stanley | 1,460,725 | 142,143 | |
Goldman Sachs Group Inc. | 337,301 | 127,510 | |
BlackRock Inc. | 137,076 | 114,960 | |
Charles Schwab Corp. | 1,538,493 | 112,064 | |
S&P Global Inc. | 241,182 | 102,476 | |
PNC Financial Services Group Inc. | 425,288 | 83,203 | |
Blackstone Inc. | 686,424 | 79,859 | |
U.S. Bancorp | 1,335,284 | 79,369 | |
Truist Financial Corp. | 1,335,769 | 78,343 | |
Marsh & McLennan Cos. Inc. | 506,992 | 76,774 | |
CME Group Inc. | 359,391 | 69,499 | |
Chubb Ltd. | 373,206 | 64,744 | |
Intercontinental Exchange Inc. | 563,606 | 64,713 | |
Aon plc Class A (XNYS) | 214,602 | 61,327 | |
Moody's Corp. | 158,400 | 56,249 | |
Progressive Corp. | 585,718 | 52,943 | |
MSCI Inc. Class A | 78,370 | 47,676 | |
American International Group Inc. | 855,862 | 46,978 | |
T Rowe Price Group Inc. | 227,109 | 44,672 | |
Prudential Financial Inc. | 386,334 | 40,642 | |
Bank of New York Mellon Corp. | 777,499 | 40,306 | |
MetLife Inc. | 643,204 | 39,705 | |
Travelers Cos. Inc. | 249,681 | 37,954 | |
Allstate Corp. | 295,916 | 37,673 | |
Discover Financial Services | 299,691 | 36,817 | |
* | SVB Financial Group | 56,784 | 36,732 |
Shares | Market Value ($000) | ||
First Republic Bank | 178,878 | 34,502 | |
KKR & Co. Inc. | 554,316 | 33,747 | |
Aflac Inc. | 604,198 | 31,497 | |
Arthur J Gallagher & Co. | 206,887 | 30,754 | |
Ameriprise Financial Inc. | 113,834 | 30,066 | |
Willis Towers Watson plc | 129,130 | 30,018 | |
State Street Corp. | 347,233 | 29,418 | |
Fifth Third Bancorp | 691,174 | 29,333 | |
* | Coinbase Global Inc. Class A | 128,409 | 29,210 |
Hartford Financial Services Group Inc. | 347,449 | 24,408 | |
Huntington Bancshares Inc. | 1,477,522 | 22,842 | |
Nasdaq Inc. | 117,135 | 22,609 | |
Northern Trust Corp. | 198,124 | 21,360 | |
KeyCorp. | 956,968 | 20,690 | |
Regions Financial Corp. | 955,161 | 20,354 | |
Citizens Financial Group Inc. | 426,362 | 20,030 | |
Broadridge Financial Solutions Inc. | 116,237 | 19,370 | |
M&T Bank Corp. | 128,760 | 19,229 | |
Ally Financial Inc. | 360,880 | 18,423 | |
Cincinnati Financial Corp. | 153,228 | 17,502 | |
Principal Financial Group Inc. | 268,565 | 17,296 | |
Raymond James Financial Inc. | 185,365 | 17,106 | |
* | Markel Corp. | 13,741 | 16,422 |
MarketAxess Holdings Inc. | 36,132 | 15,200 | |
FactSet Research Systems Inc. | 37,810 | 14,927 | |
* | Arch Capital Group Ltd. | 376,573 | 14,378 |
Cboe Global Markets Inc. | 106,702 | 13,216 | |
Fidelity National Financial Inc. | 271,246 | 12,298 | |
Equitable Holdings Inc. | 412,933 | 12,239 | |
Annaly Capital Management Inc. | 1,446,981 | 12,184 | |
Loews Corp. | 218,907 | 11,806 | |
*,1 | Lucid Group Inc. | 404,633 | 10,270 |
Everest Re Group Ltd. | 39,897 | 10,005 | |
W R Berkley Corp. | 133,248 | 9,751 | |
Franklin Resources Inc. | 301,947 | 8,974 | |
Tradeweb Markets Inc. Class A | 105,268 | 8,504 | |
Globe Life Inc. | 91,620 | 8,157 | |
Apollo Global Management Inc. Class A | 106,003 | 6,529 | |
Lincoln National Corp. | 89,353 | 6,143 | |
Interactive Brokers Group Inc. Class A | 88,404 | 5,511 | |
* | Alleghany Corp. | 6,562 | 4,097 |
SEI Investments Co. | 63,531 | 3,767 | |
* | Berkshire Hathaway Inc. Class A | 6 | 2,468 |
Rocket Cos. Inc. Class A | 138,897 | 2,228 | |
UWM Holdings Corp. | 80,686 | 561 | |
AGNC Investment Corp. | 175 | 3 | |
4,150,994 | |||
Health Care (12.7%) | |||
Johnson & Johnson | 2,634,306 | 425,440 | |
UnitedHealth Group Inc. | 943,563 | 368,688 | |
Pfizer Inc. | 5,610,549 | 241,310 | |
Thermo Fisher Scientific Inc. | 393,696 | 224,930 | |
Abbott Laboratories | 1,774,054 | 209,569 | |
Eli Lilly & Co. | 861,510 | 199,052 | |
Danaher Corp. | 642,959 | 195,742 | |
AbbVie Inc. | 1,768,372 | 190,754 | |
Merck & Co. Inc. | 2,533,130 | 190,263 | |
Medtronic plc | 1,345,607 | 168,672 |
Shares | Market Value ($000) | ||
* | Moderna Inc. | 343,329 | 132,134 |
Bristol-Myers Squibb Co. | 2,223,658 | 131,574 | |
Amgen Inc. | 568,240 | 120,836 | |
* | Intuitive Surgical Inc. | 118,988 | 118,292 |
Zoetis Inc. | 474,268 | 92,074 | |
Anthem Inc. | 243,977 | 90,955 | |
Stryker Corp. | 339,611 | 89,562 | |
Gilead Sciences Inc. | 1,254,617 | 87,635 | |
Becton Dickinson and Co. | 287,396 | 70,648 | |
* | Edwards Lifesciences Corp. | 623,750 | 70,615 |
Cigna Corp. | 340,345 | 68,123 | |
* | Illumina Inc. | 156,605 | 63,521 |
HCA Healthcare Inc. | 256,300 | 62,209 | |
* | Boston Scientific Corp. | 1,424,841 | 61,824 |
* | Regeneron Pharmaceuticals Inc. | 99,914 | 60,466 |
* | DexCom Inc. | 96,821 | 52,947 |
* | IDEXX Laboratories Inc. | 85,129 | 52,942 |
Humana Inc. | 128,591 | 50,041 | |
* | Align Technology Inc. | 75,115 | 49,984 |
Agilent Technologies Inc. | 303,210 | 47,765 | |
* | Vertex Pharmaceuticals Inc. | 259,595 | 47,088 |
* | IQVIA Holdings Inc. | 191,739 | 45,929 |
* | Biogen Inc. | 149,141 | 42,205 |
Baxter International Inc. | 500,262 | 40,236 | |
* | Veeva Systems Inc. Class A | 138,240 | 39,837 |
ResMed Inc. | 145,775 | 38,419 | |
* | Centene Corp. | 583,439 | 36,354 |
West Pharmaceutical Services Inc. | 74,035 | 31,431 | |
Zimmer Biomet Holdings Inc. | 208,990 | 30,588 | |
* | Laboratory Corp. of America Holdings | 96,472 | 27,151 |
* | Horizon Therapeutics plc | 226,041 | 24,760 |
* | Seagen Inc. | 136,534 | 23,183 |
* | Catalent Inc. | 170,388 | 22,673 |
* | Alnylam Pharmaceuticals Inc. | 118,960 | 22,461 |
Cerner Corp. | 295,788 | 20,859 | |
STERIS plc | 99,822 | 20,392 | |
Cooper Cos. Inc. | 49,276 | 20,366 | |
* | Insulet Corp. | 68,917 | 19,588 |
* | Hologic Inc. | 253,662 | 18,723 |
* | Teladoc Health Inc. | 143,418 | 18,187 |
Quest Diagnostics Inc. | 122,262 | 17,766 | |
Teleflex Inc. | 46,827 | 17,633 | |
* | Exact Sciences Corp. | 172,063 | 16,423 |
Viatris Inc. | 1,210,130 | 16,397 | |
* | Bio-Rad Laboratories Inc. Class A | 21,008 | 15,671 |
Cardinal Health Inc. | 290,572 | 14,372 | |
* | Elanco Animal Health Inc. (XNYS) | 449,688 | 14,341 |
* | BioMarin Pharmaceutical Inc. | 183,617 | 14,192 |
* | ABIOMED Inc. | 43,146 | 14,045 |
* | Incyte Corp. | 187,814 | 12,918 |
DENTSPLY SIRONA Inc. | 218,701 | 12,696 | |
Royalty Pharma plc Class A | 341,806 | 12,353 | |
* | 10X Genomics Inc. Class A | 81,596 | 11,879 |
* | Henry Schein Inc. | 139,762 | 10,644 |
* | Charles River Laboratories International Inc. | 25,191 | 10,396 |
* | Avantor Inc. | 248,242 | 10,153 |
Universal Health Services Inc. Class B | 72,128 | 9,980 | |
PerkinElmer Inc. | 56,051 | 9,713 |
Shares | Market Value ($000) | ||
* | DaVita Inc. | 62,910 | 7,314 |
* | PPD Inc. | 140,614 | 6,579 |
* | Novocure Ltd. | 44,082 | 5,121 |
* | Oak Street Health Inc. | 108,449 | 4,612 |
* | GoodRx Holdings Inc. Class A | 64,135 | 2,631 |
* | agilon health Inc. | 78,734 | 2,064 |
4,848,890 | |||
Industrials (12.6%) | |||
Visa Inc. Class A | 1,688,816 | 376,184 | |
Mastercard Inc. Class A | 881,557 | 306,500 | |
* | PayPal Holdings Inc. | 1,175,840 | 305,965 |
Accenture plc Class A | 634,587 | 203,017 | |
Honeywell International Inc. | 690,874 | 146,659 | |
United Parcel Service Inc. Class B | 728,791 | 132,713 | |
Raytheon Technologies Corp. | 1,508,927 | 129,707 | |
* | Boeing Co. | 586,546 | 129,005 |
Union Pacific Corp. | 652,591 | 127,914 | |
General Electric Co. | 1,098,419 | 113,170 | |
Caterpillar Inc. | 547,851 | 105,171 | |
3M Co. | 579,028 | 101,573 | |
American Express Co. | 596,270 | 99,893 | |
* | Square Inc. Class A | 397,660 | 95,375 |
Deere & Co. | 279,257 | 93,571 | |
Automatic Data Processing Inc. | 423,381 | 84,642 | |
Lockheed Martin Corp. | 235,542 | 81,286 | |
Fidelity National Information Services Inc. | 618,120 | 75,213 | |
Capital One Financial Corp. | 446,475 | 72,316 | |
CSX Corp. | 2,256,098 | 67,096 | |
Sherwin-Williams Co. | 237,136 | 66,334 | |
* | Fiserv Inc. | 596,420 | 64,712 |
Eaton Corp. plc | 398,894 | 59,559 | |
Norfolk Southern Corp. | 247,152 | 59,131 | |
Illinois Tool Works Inc. | 283,673 | 58,615 | |
Emerson Electric Co. | 598,221 | 56,352 | |
FedEx Corp. | 239,746 | 52,574 | |
Northrop Grumman Corp. | 144,200 | 51,934 | |
Johnson Controls International plc | 712,752 | 48,524 | |
General Dynamics Corp. | 237,767 | 46,609 | |
Global Payments Inc. | 293,961 | 46,322 | |
Carrier Global Corp. | 868,306 | 44,944 | |
L3Harris Technologies Inc. | 201,082 | 44,286 | |
IHS Markit Ltd. | 358,995 | 41,866 | |
Trane Technologies plc | 237,774 | 41,052 | |
Paychex Inc. | 324,070 | 36,442 | |
Parker-Hannifin Corp. | 129,191 | 36,124 | |
DuPont de Nemours Inc. | 523,422 | 35,587 | |
Otis Worldwide Corp. | 427,075 | 35,140 | |
Rockwell Automation Inc. | 116,100 | 34,138 | |
PPG Industries Inc. | 237,509 | 33,966 | |
Cintas Corp. | 87,588 | 33,341 | |
* | TransDigm Group Inc. | 52,394 | 32,724 |
Verisk Analytics Inc. Class A | 161,453 | 32,334 | |
Cummins Inc. | 143,710 | 32,272 | |
* | Mettler-Toledo International Inc. | 23,131 | 31,860 |
Equifax Inc. | 121,918 | 30,896 | |
* | Keysight Technologies Inc. | 184,118 | 30,249 |
Old Dominion Freight Line Inc. | 104,305 | 29,829 | |
Ball Corp. | 326,840 | 29,406 |
Shares | Market Value ($000) | ||
AMETEK Inc. | 231,370 | 28,692 | |
Stanley Black & Decker Inc. | 163,066 | 28,587 | |
Synchrony Financial | 570,143 | 27,869 | |
* | Zebra Technologies Corp. Class A | 53,437 | 27,543 |
PACCAR Inc. | 347,424 | 27,419 | |
* | Generac Holdings Inc. | 63,156 | 25,810 |
* | United Rentals Inc. | 72,449 | 25,425 |
Kansas City Southern | 91,027 | 24,636 | |
Fortive Corp. | 340,706 | 24,044 | |
Dover Corp. | 144,061 | 22,401 | |
Xylem Inc. | 180,289 | 22,298 | |
* | Waters Corp. | 61,403 | 21,939 |
* | FleetCor Technologies Inc. | 82,663 | 21,597 |
TransUnion | 191,619 | 21,521 | |
Vulcan Materials Co. | 126,143 | 21,338 | |
Martin Marietta Materials Inc. | 62,413 | 21,325 | |
* | Trimble Inc. | 251,770 | 20,708 |
Expeditors International of Washington Inc. | 169,987 | 20,251 | |
* | Ingersoll Rand Inc. | 399,418 | 20,135 |
* | Teledyne Technologies Inc. | 46,635 | 20,033 |
WW Grainger Inc. | 44,294 | 17,410 | |
Jacobs Engineering Group Inc. | 130,397 | 17,282 | |
Textron Inc. | 224,281 | 15,657 | |
Westinghouse Air Brake Technologies Corp. | 179,721 | 15,494 | |
JB Hunt Transport Services Inc. | 84,206 | 14,081 | |
Masco Corp. | 247,348 | 13,740 | |
Westrock Co. | 267,175 | 13,313 | |
Crown Holdings Inc. | 131,461 | 13,249 | |
* | Affirm Holdings Inc. | 110,726 | 13,191 |
Packaging Corp. of America | 95,056 | 13,064 | |
* | Bill.Com Holdings Inc. | 48,092 | 12,838 |
Fortune Brands Home & Security Inc. | 137,968 | 12,337 | |
CH Robinson Worldwide Inc. | 131,769 | 11,464 | |
Snap-on Inc. | 54,003 | 11,284 | |
HEICO Corp. Class A | 73,612 | 8,718 | |
Western Union Co. | 406,574 | 8,221 | |
Cognex Corp. | 83,969 | 6,736 | |
Jack Henry & Associates Inc. | 37,030 | 6,075 | |
HEICO Corp. | 42,946 | 5,663 | |
Hubbell Inc. Class B | 27,214 | 4,917 | |
* | Mohawk Industries Inc. | 27,639 | 4,903 |
* | XPO Logistics Inc. | 48,733 | 3,878 |
* | Marqeta Inc. Class A | 63,346 | 1,401 |
4,842,579 | |||
Real Estate (2.7%) | |||
American Tower Corp. | 455,466 | 120,885 | |
Prologis Inc. | 740,285 | 92,854 | |
Crown Castle International Corp. | 432,502 | 74,961 | |
Equinix Inc. | 89,817 | 70,967 | |
Public Storage | 149,060 | 44,286 | |
Simon Property Group Inc. | 328,825 | 42,737 | |
Digital Realty Trust Inc. | 282,786 | 40,849 | |
SBA Communications Corp. Class A | 109,624 | 36,238 | |
Welltower Inc. | 422,851 | 34,843 | |
* | CoStar Group Inc. | 395,221 | 34,013 |
* | CBRE Group Inc. Class A | 319,181 | 31,076 |
AvalonBay Communities Inc. | 139,703 | 30,964 | |
Alexandria Real Estate Equities Inc. | 152,480 | 29,134 |
Shares | Market Value ($000) | ||
Equity Residential | 355,968 | 28,805 | |
Weyerhaeuser Co. | 750,307 | 26,688 | |
Realty Income Corp. | 389,656 | 25,273 | |
Extra Space Storage Inc. | 133,911 | 22,496 | |
Invitation Homes Inc. | 576,922 | 22,113 | |
Ventas Inc. | 394,265 | 21,767 | |
Mid-America Apartment Communities Inc. | 116,094 | 21,681 | |
Sun Communities Inc. | 115,982 | 21,468 | |
Essex Property Trust Inc. | 65,086 | 20,811 | |
Duke Realty Corp. | 378,610 | 18,124 | |
Healthpeak Properties Inc. | 539,294 | 18,056 | |
UDR Inc. | 297,018 | 15,736 | |
Boston Properties Inc. | 140,649 | 15,239 | |
Camden Property Trust | 100,634 | 14,841 | |
* | Zillow Group Inc. Class C | 165,693 | 14,604 |
WP Carey Inc. | 189,555 | 13,845 | |
Iron Mountain Inc. | 289,375 | 12,573 | |
* | Opendoor Technologies Inc. | 487,413 | 10,007 |
* | Host Hotels & Resorts Inc. | 357,199 | 5,833 |
Regency Centers Corp. | 84,795 | 5,709 | |
VEREIT Inc. | 114,349 | 5,172 | |
* | Zillow Group Inc. Class A | 44,776 | 3,966 |
1,048,614 | |||
Technology (30.0%) | |||
Apple Inc. | 15,714,554 | 2,223,609 | |
Microsoft Corp. | 7,520,079 | 2,120,061 | |
* | Facebook Inc. Class A | 2,385,459 | 809,601 |
* | Alphabet Inc. Class A | 301,201 | 805,267 |
* | Alphabet Inc. Class C | 272,432 | 726,116 |
NVIDIA Corp. | 2,376,627 | 492,342 | |
* | Adobe Inc. | 476,735 | 274,466 |
* | salesforce.com Inc. | 880,334 | 238,764 |
Intel Corp. | 4,059,790 | 216,306 | |
Broadcom Inc. | 390,008 | 189,127 | |
Texas Instruments Inc. | 923,852 | 177,574 | |
Oracle Corp. | 1,676,400 | 146,065 | |
QUALCOMM Inc. | 1,128,783 | 145,590 | |
Intuit Inc. | 259,770 | 140,148 | |
* | Advanced Micro Devices Inc. | 1,213,806 | 124,901 |
International Business Machines Corp. | 896,932 | 124,611 | |
* | ServiceNow Inc. | 198,234 | 123,355 |
Applied Materials Inc. | 903,559 | 116,315 | |
Analog Devices Inc. | 537,784 | 90,068 | |
* | Snap Inc. Class A | 1,194,033 | 88,203 |
Lam Research Corp. | 142,058 | 80,852 | |
* | Snowflake Inc. Class A | 266,685 | 80,654 |
Micron Technology Inc. | 1,126,531 | 79,961 | |
* | Autodesk Inc. | 220,163 | 62,784 |
* | Zoom Video Communications Inc. Class A | 204,306 | 53,426 |
* | Twilio Inc. Class A | 167,041 | 53,294 |
KLA Corp. | 152,837 | 51,125 | |
Marvell Technology Inc. | 820,048 | 49,457 | |
* | Crowdstrike Holdings Inc. Class A | 199,373 | 49,002 |
* | DocuSign Inc. Class A | 185,209 | 47,678 |
* | Workday Inc. Class A | 189,130 | 47,262 |
Roper Technologies Inc. | 105,497 | 47,065 | |
* | Twitter Inc. | 758,590 | 45,811 |
* | Synopsys Inc. | 152,602 | 45,691 |
Shares | Market Value ($000) | ||
TE Connectivity Ltd. | 328,208 | 45,037 | |
* | Palo Alto Networks Inc. | 92,579 | 44,345 |
Amphenol Corp. Class A | 598,589 | 43,835 | |
Microchip Technology Inc. | 274,218 | 42,090 | |
* | Cadence Design Systems Inc. | 276,958 | 41,942 |
* | Match Group Inc. | 263,151 | 41,312 |
* | DoorDash Inc. Class A | 199,358 | 41,064 |
* | Fortinet Inc. | 138,908 | 40,567 |
Cognizant Technology Solutions Corp. Class A | 525,962 | 39,032 | |
* | Palantir Technologies Inc. Class A | 1,587,207 | 38,156 |
Xilinx Inc. | 247,639 | 37,391 | |
* | Okta Inc. | 143,552 | 34,071 |
HP Inc. | 1,202,075 | 32,889 | |
* | Datadog Inc. Class A | 227,896 | 32,213 |
* | EPAM Systems Inc. | 53,835 | 30,712 |
* | HubSpot Inc. | 44,687 | 30,212 |
* | ANSYS Inc. | 87,316 | 29,727 |
* | MongoDB Inc. Class A | 61,385 | 28,944 |
* | Pinterest Inc. Class A | 555,545 | 28,305 |
Corning Inc. | 769,123 | 28,065 | |
* | Dell Technologies Class C | 263,902 | 27,456 |
Skyworks Solutions Inc. | 165,261 | 27,232 | |
* | Cloudflare Inc. Class A | 237,245 | 26,726 |
* | Paycom Software Inc. | 51,119 | 25,342 |
CDW Corp. | 137,584 | 25,043 | |
* | Gartner Inc. | 79,517 | 24,164 |
* | Splunk Inc. | 164,032 | 23,737 |
Monolithic Power Systems Inc. | 43,642 | 21,152 | |
NetApp Inc. | 224,152 | 20,120 | |
* | Zscaler Inc. | 75,393 | 19,770 |
* | Unity Software Inc. | 155,468 | 19,628 |
* | VeriSign Inc. | 95,168 | 19,510 |
* | Tyler Technologies Inc. | 40,878 | 18,749 |
Hewlett Packard Enterprise Co. | 1,307,534 | 18,632 | |
* | Qorvo Inc. | 111,225 | 18,596 |
Teradyne Inc. | 165,081 | 18,022 | |
* | RingCentral Inc. Class A | 81,467 | 17,719 |
* | Akamai Technologies Inc. | 162,941 | 17,042 |
Seagate Technology Holdings plc | 204,970 | 16,914 | |
* | Western Digital Corp. | 291,323 | 16,442 |
* | Coupa Software Inc. | 73,580 | 16,127 |
SS&C Technologies Holdings Inc. | 217,118 | 15,068 | |
NortonLifeLock Inc. | 552,366 | 13,975 | |
Citrix Systems Inc. | 124,304 | 13,347 | |
* | UiPath Inc. Class A | 234,500 | 12,337 |
Bentley Systems Inc. Class B | 202,647 | 12,288 | |
* | GoDaddy Inc. Class A | 168,934 | 11,775 |
*,1 | VMware Inc. Class A | 78,190 | 11,627 |
* | ZoomInfo Technologies Inc. Class A | 181,929 | 11,132 |
* | Black Knight Inc. | 148,898 | 10,721 |
* | IAC/InterActiveCorp. | 79,315 | 10,334 |
* | ON Semiconductor Corp. | 215,391 | 9,858 |
* | Dropbox Inc. Class A | 299,739 | 8,758 |
* | Zendesk Inc. | 60,043 | 6,988 |
Leidos Holdings Inc. | 71,002 | 6,825 | |
* | F5 Networks Inc. | 30,165 | 5,996 |
* | IPG Photonics Corp. | 34,800 | 5,512 |
* | Bumble Inc. Class A | 83,825 | 4,190 |
Shares | Market Value ($000) | ||
* | AppLovin Corp. Class A | 33,690 | 2,438 |
* | Qualtrics International Inc. Class A | 41,148 | 1,759 |
* | Toast Inc. Class A | 21,754 | 1,087 |
* | Vimeo Inc. | 44 | 1 |
11,510,599 | |||
Telecommunications (3.1%) | |||
Comcast Corp. Class A | 4,583,515 | 256,356 | |
Verizon Communications Inc. | 3,935,966 | 212,582 | |
Cisco Systems Inc. | 3,795,328 | 206,580 | |
AT&T Inc. | 7,145,000 | 192,986 | |
* | Charter Communications Inc. Class A | 119,576 | 86,999 |
* | T-Mobile U.S. Inc. | 561,986 | 71,799 |
Motorola Solutions Inc. | 169,417 | 39,359 | |
* | Roku Inc. | 116,476 | 36,498 |
* | Liberty Broadband Corp. Class C | 145,366 | 25,105 |
* | Arista Networks Inc. | 57,592 | 19,791 |
Lumen Technologies Inc. | 1,105,931 | 13,702 | |
* | DISH Network Corp. Class A | 246,205 | 10,700 |
* | Altice USA Inc. Class A | 217,191 | 4,500 |
Juniper Networks Inc. | 162,539 | 4,473 | |
* | Liberty Broadband Corp. Class A | 23,747 | 3,998 |
Ubiquiti Inc. | 6,262 | 1,870 | |
1,187,298 | |||
Utilities (2.7%) | |||
NextEra Energy Inc. | 1,963,124 | 154,144 | |
Duke Energy Corp. | 769,557 | 75,101 | |
Southern Co. | 1,060,401 | 65,713 | |
Waste Management Inc. | 421,413 | 62,942 | |
Dominion Energy Inc. | 809,058 | 59,077 | |
Exelon Corp. | 977,429 | 47,249 | |
American Electric Power Co. Inc. | 500,618 | 40,640 | |
Sempra Energy | 315,278 | 39,883 | |
Xcel Energy Inc. | 538,808 | 33,676 | |
Waste Connections Inc. (XTSE) | 260,705 | 32,831 | |
Public Service Enterprise Group Inc. | 505,909 | 30,810 | |
American Water Works Co. Inc. | 181,625 | 30,702 | |
Eversource Energy | 343,865 | 28,114 | |
WEC Energy Group Inc. | 315,642 | 27,840 | |
Consolidated Edison Inc. | 353,605 | 25,668 | |
Republic Services Inc. Class A | 207,088 | 24,863 | |
PPL Corp. | 770,009 | 21,468 | |
Edison International | 379,936 | 21,075 | |
Ameren Corp. | 255,581 | 20,702 | |
Entergy Corp. | 201,079 | 19,969 | |
DTE Energy Co. | 174,502 | 19,494 | |
FirstEnergy Corp. | 544,551 | 19,397 | |
* | PG&E Corp. | 1,971,497 | 18,926 |
CMS Energy Corp. | 289,826 | 17,311 | |
CenterPoint Energy Inc. | 616,803 | 15,173 | |
AES Corp. | 633,509 | 14,463 | |
Evergy Inc. | 227,152 | 14,129 | |
Alliant Energy Corp. | 250,403 | 14,018 | |
NiSource Inc. | 392,600 | 9,513 | |
Vistra Corp. | 482,827 | 8,256 | |
NRG Energy Inc. | 122,454 | 5,000 | |
Avangrid Inc. | 77,765 | 3,779 |
Shares | Market Value ($000) | ||
Pinnacle West Capital Corp. | 35 | 3 | |
1,021,929 | |||
Total Common Stocks (Cost $19,238,343) | 38,237,326 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.068% (Cost $128,556) | 1,285,624 | 128,562 |
Total Investments (100.0%) (Cost $19,366,899) | 38,365,888 | ||
Other Assets and Liabilities—Net (0.0%) | (1,630) | ||
Net Assets (100%) | 38,364,258 | ||
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 $35,669,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $36,361,000 was received for securities on loan. |
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 | December 2021 | 551 | 118,403 | (3,804) |
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.
At September 30, 2021, 100% of the market value of the fund’s investments and derivatives was determined based on Level 1 inputs.