Vanguard® Small-Cap Growth 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 (1.8%) | ||||||
Royal Gold Inc. | 1,031,467 | 98,495 | ||||
* | RBC Bearings Inc. | 446,808 | 94,813 | |||
* | Hexcel Corp. | 1,317,827 | 78,266 | |||
Balchem Corp. | 509,091 | 73,854 | ||||
* | Livent Corp. | 2,538,924 | 58,675 | |||
Quaker Chemical Corp. | 210,779 | 50,106 | ||||
*,1 | MP Materials Corp. | 1,536,874 | 49,533 | |||
* | Ingevity Corp. | 620,958 | 44,318 | |||
NewMarket Corp. | 128,768 | 43,623 | ||||
* | Amyris Inc. | 3,042,027 | 41,767 | |||
GrafTech International Ltd. | 1,584,393 | 16,351 | ||||
* | Century Aluminum Co. | 782,034 | 10,518 | |||
*,1 | Zymergen Inc. | 323,101 | 4,255 | |||
American Vanguard Corp. | 206,989 | 3,115 | ||||
667,689 | ||||||
Consumer Discretionary (16.2%) | ||||||
Pool Corp. | 599,156 | 260,279 | ||||
* | Floor & Decor Holdings Inc. Class A | 1,654,931 | 199,899 | |||
* | RH | 264,581 | 176,452 | |||
* | Deckers Outdoor Corp. | 434,989 | 156,683 | |||
* | Liberty Media Corp.-Liberty Formula One Class C | 3,044,455 | 156,515 | |||
* | Five Below Inc. | 880,464 | 155,675 | |||
* | Chegg Inc. | 2,161,132 | 147,000 | |||
Tempur Sealy International Inc. | 3,090,335 | 143,422 | ||||
* | SiteOne Landscape Supply Inc. | 700,447 | 139,718 | |||
* | Crocs Inc. | 931,952 | 133,716 | |||
* | Bright Horizons Family Solutions Inc. | 952,216 | 132,758 | |||
Churchill Downs Inc. | 545,157 | 130,881 | ||||
Gentex Corp. | 3,759,453 | 123,987 | ||||
* | Zynga Inc. Class A | 16,309,594 | 122,811 | |||
* | Scientific Games Corp. | 1,439,302 | 119,563 | |||
* | IAA Inc. | 2,119,504 | 115,661 | |||
* | YETI Holdings Inc. | 1,306,887 | 111,987 | |||
* | Vail Resorts Inc. | 316,605 | 105,762 | |||
* | Planet Fitness Inc. Class A | 1,308,698 | 102,798 | |||
* | Fox Factory Holding Corp. | 662,061 | 95,694 | |||
Texas Roadhouse Inc. Class A | 1,042,929 | 95,251 | ||||
Nexstar Media Group Inc. Class A | 624,259 | 94,862 | ||||
* | Stamps.com Inc. | 276,174 | 91,079 | |||
* | Skechers USA Inc. Class A | 2,120,866 | 89,331 | |||
* | Penn National Gaming Inc. | 1,232,502 | 89,307 |
Shares | Market Value ($000) | |||||
* | Boyd Gaming Corp. | 1,235,158 | 78,136 | |||
Wingstop Inc. | 467,748 | 76,678 | ||||
* | National Vision Holdings Inc. | 1,287,589 | 73,096 | |||
Choice Hotels International Inc. | 569,030 | 71,908 | ||||
* | Hilton Grand Vacations Inc. | 1,417,981 | 67,453 | |||
Papa John's International Inc. | 517,526 | 65,721 | ||||
* | Sonos Inc. | 1,977,905 | 64,005 | |||
* | Grand Canyon Education Inc. | 710,620 | 62,506 | |||
* | Ollie's Bargain Outlet Holdings Inc. | 974,967 | 58,771 | |||
Wyndham Hotels & Resorts Inc. | 735,379 | 56,764 | ||||
* | Frontdoor Inc. | 1,348,230 | 56,491 | |||
Columbia Sportswear Co. | 570,553 | 54,682 | ||||
* | Madison Square Garden Sports Corp. | 292,457 | 54,382 | |||
* | Callaway Golf Co. | 1,900,096 | 52,500 | |||
* | Leslie's Inc. | 2,529,945 | 51,965 | |||
* | Luminar Technologies Inc. Class A | 3,307,426 | 51,596 | |||
LCI Industries | 377,382 | 50,807 | ||||
* | Overstock.com Inc. | 642,384 | 50,055 | |||
* | LGI Homes Inc. | 348,312 | 49,429 | |||
* | Six Flags Entertainment Corp. | 1,147,014 | 48,748 | |||
* | Red Rock Resorts Inc. Class A | 940,133 | 48,154 | |||
* | Allegiant Travel Co. | 240,068 | 46,928 | |||
* | Shake Shack Inc. Class A | 584,231 | 45,839 | |||
* | SeaWorld Entertainment Inc. | 808,655 | 44,735 | |||
* | Stitch Fix Inc. Class A | 1,071,641 | 42,812 | |||
* | Gentherm Inc. | 520,803 | 42,149 | |||
* | Visteon Corp. | 439,570 | 41,491 | |||
* | Dorman Products Inc. | 424,939 | 40,229 | |||
World Wrestling Entertainment Inc. Class A | 708,924 | 39,884 | ||||
*,1 | ContextLogic Inc. Class A | 7,009,663 | 38,273 | |||
Ralph Lauren Corp. | 343,645 | 38,158 | ||||
* | Coursera Inc. | 1,189,275 | 37,641 | |||
* | 2U Inc. | 1,112,777 | 37,356 | |||
Travel + Leisure Co. | 677,408 | 36,939 | ||||
* | Revolve Group Inc. Class A | 597,098 | 36,883 | |||
* | iRobot Corp. | 440,249 | 34,560 | |||
*,1 | Fisker Inc. | 2,312,687 | 33,881 | |||
Levi Strauss & Co. Class A | 1,364,184 | 33,436 | ||||
* | Sleep Number Corp. | 352,272 | 32,930 | |||
Jack in the Box Inc. | 322,935 | 31,431 | ||||
* | Madison Square Garden Entertainment Corp. | 424,916 | 30,879 | |||
Monro Inc. | 499,086 | 28,702 | ||||
* | Academy Sports & Outdoors Inc. | 698,485 | 27,953 | |||
* | TripAdvisor Inc. | 781,109 | 26,441 | |||
Cracker Barrel Old Country Store Inc. | 187,161 | 26,173 | ||||
* | Skyline Champion Corp. | 422,548 | 25,378 | |||
Camping World Holdings Inc. Class A | 646,915 | 25,146 | ||||
* | Selectquote Inc. | 1,933,280 | 24,997 | |||
Steven Madden Ltd. | 614,110 | 24,663 | ||||
Strategic Education Inc. | 346,873 | 24,455 | ||||
* | Dave & Buster's Entertainment Inc. | 607,783 | 23,296 | |||
* | Driven Brands Holdings Inc. | 792,166 | 22,886 | |||
* | Petco Health & Wellness Co. Inc. Class A | 1,071,972 | 22,619 | |||
*,1 | Figs Inc. Class A | 583,780 | 21,682 | |||
* | Cardlytics Inc. | 234,564 | 19,689 | |||
* | Liberty Media Corp.-Liberty Formula One Class A | 386,802 | 18,199 | |||
EW Scripps Co. Class A | 945,912 | 17,083 | ||||
* | Mister Car Wash Inc. | 934,328 | 17,051 |
Shares | Market Value ($000) | |||||
* | Cavco Industries Inc. | 68,859 | 16,302 | |||
* | RealReal Inc. | 1,227,957 | 16,184 | |||
*,1 | Corsair Gaming Inc. | 592,016 | 15,351 | |||
* | Angi Inc. Class A | 1,102,527 | 13,605 | |||
* | Poshmark Inc. Class A | 540,314 | 12,838 | |||
* | ACV Auctions Inc. Class A | 715,022 | 12,792 | |||
Sinclair Broadcast Group Inc. Class A | 387,522 | 12,277 | ||||
* | Stride Inc. | 311,667 | 11,201 | |||
* | elf Beauty Inc. | 367,886 | 10,687 | |||
* | Sun Country Airlines Holdings Inc. | 315,626 | 10,586 | |||
* | Dine Brands Global Inc. | 128,712 | 10,453 | |||
Inter Parfums Inc. | 137,320 | 10,267 | ||||
* | PowerSchool Holdings Inc. Class A | 376,174 | 9,258 | |||
* | Duolingo Inc. Class A | 50,569 | 8,413 | |||
*,1 | Canoo Inc. | 1,030,310 | 7,923 | |||
* | Quotient Technology Inc. | 1,336,308 | 7,777 | |||
* | Traeger Inc. | 370,978 | 7,765 | |||
* | Sciplay Corp. Class A | 366,354 | 7,580 | |||
*,1 | ThredUp Inc. Class A | 340,035 | 7,375 | |||
* | Dutch Bros Inc. Class A | 168,465 | 7,298 | |||
*,1 | Lordstown Motors Corp. | 837,571 | 6,684 | |||
* | Latham Group Inc. | 379,981 | 6,232 | |||
*,1 | XL Fleet Corp. | 879,392 | 5,417 | |||
* | Dream Finders Homes Inc. Class A | 280,246 | 4,857 | |||
* | Frontier Group Holdings Inc. | 254,955 | 4,026 | |||
* | Rush Street Interactive Inc. | 198,412 | 3,812 | |||
* | Integral Ad Science Holding Corp. | 182,107 | 3,757 | |||
* | Janus International Group Inc. | 267,271 | 3,271 | |||
*,1 | Weber Inc. Class A | 143,306 | 2,521 | |||
*,1 | Vizio Holding Corp. Class A | 68,275 | 1,450 | |||
*,1 | Revlon Inc. Class A | 129,798 | 1,312 | |||
* | Instructure Holdings Inc. | 5,620 | 127 | |||
* | Torrid Holdings Inc. | 3,955 | 61 | |||
5,957,244 | ||||||
Consumer Staples (2.9%) | ||||||
* | Darling Ingredients Inc. | 2,548,338 | 183,225 | |||
Casey's General Stores Inc. | 583,496 | 109,960 | ||||
* | Post Holdings Inc. | 902,352 | 99,403 | |||
* | Freshpet Inc. | 647,659 | 92,414 | |||
* | Boston Beer Co. Inc. Class A | 144,368 | 73,592 | |||
*,1 | Beyond Meat Inc. | 654,984 | 68,944 | |||
* | Celsius Holdings Inc. | 585,511 | 52,749 | |||
WD-40 Co. | 215,443 | 49,871 | ||||
* | Simply Good Foods Co. | 1,354,733 | 46,725 | |||
J & J Snack Foods Corp. | 224,386 | 34,291 | ||||
Medifast Inc. | 174,862 | 33,685 | ||||
Sanderson Farms Inc. | 157,530 | 29,647 | ||||
Coca-Cola Consolidated Inc. | 72,771 | 28,685 | ||||
Lancaster Colony Corp. | 150,944 | 25,481 | ||||
* | Hydrofarm Holdings Group Inc. | 519,793 | 19,674 | |||
National Beverage Corp. | 368,024 | 19,318 | ||||
* | BellRing Brands Inc. Class A | 623,291 | 19,166 | |||
*,1 | Beauty Health Co. | 684,056 | 17,765 | |||
Utz Brands Inc. | 1,026,795 | 17,589 | ||||
* | USANA Health Sciences Inc. | 189,427 | 17,465 | |||
Cal-Maine Foods Inc. | 312,881 | 11,314 | ||||
* | Vital Farms Inc. | 285,167 | 5,010 |
Shares | Market Value ($000) | |||||
*,1 | AppHarvest Inc. | 514,147 | 3,352 | |||
*,1 | Honest Co. Inc. | 177,960 | 1,847 | |||
1,061,172 | ||||||
Energy (2.7%) | ||||||
Coterra Energy Inc. | 12,136,090 | 264,081 | ||||
Texas Pacific Land Corp. | 97,525 | 117,943 | ||||
PDC Energy Inc. | 1,551,395 | 73,521 | ||||
* | ChampionX Corp. | 3,172,465 | 70,936 | |||
Matador Resources Co. | 1,655,390 | 62,971 | ||||
* | Denbury Inc. | 748,429 | 52,577 | |||
*,1 | ChargePoint Holdings Inc. | 2,406,375 | 48,104 | |||
* | Shoals Technologies Group Inc. Class A | 1,633,372 | 45,538 | |||
New Fortress Energy Inc. Class A | 1,297,526 | 36,006 | ||||
* | Array Technologies Inc. | 1,892,812 | 35,055 | |||
Cactus Inc. Class A | 910,630 | 34,349 | ||||
*,1 | FuelCell Energy Inc. | 4,805,213 | 32,147 | |||
* | Ameresco Inc. Class A | 470,978 | 27,519 | |||
* | Stem Inc. | 930,071 | 22,219 | |||
Magnolia Oil & Gas Corp. Class A | 1,197,682 | 21,307 | ||||
* | Oceaneering International Inc. | 1,574,444 | 20,972 | |||
* | Liberty Oilfield Services Inc. Class A | 1,673,442 | 20,299 | |||
* | Dril-Quip Inc. | 558,990 | 14,075 | |||
* | NexTier Oilfield Solutions Inc. | 2,212,283 | 10,177 | |||
* | Helix Energy Solutions Group Inc. | 1,130,007 | 4,384 | |||
1,014,180 | ||||||
Financials (4.9%) | ||||||
* | Upstart Holdings Inc. | 794,818 | 251,512 | |||
Pinnacle Financial Partners Inc. | 1,136,519 | 106,924 | ||||
Morningstar Inc. | 372,569 | 96,506 | ||||
Western Alliance Bancorp | 778,215 | 84,685 | ||||
*,1 | Credit Acceptance Corp. | 123,213 | 72,117 | |||
Erie Indemnity Co. Class A | 399,392 | 71,259 | ||||
* | SoFi Technologies Inc. | 4,371,932 | 69,426 | |||
* | Alleghany Corp. | 103,654 | 64,723 | |||
Pacific Premier Bancorp Inc. | 1,484,868 | 61,533 | ||||
* | Open Lending Corp. Class A | 1,686,248 | 60,823 | |||
ServisFirst Bancshares Inc. | 766,419 | 59,627 | ||||
Kinsale Capital Group Inc. | 340,483 | 55,056 | ||||
Ameris Bancorp | 1,040,596 | 53,986 | ||||
*,1 | Marathon Digital Holdings Inc. | 1,487,232 | 46,967 | |||
Virtu Financial Inc. Class A | 1,844,526 | 45,062 | ||||
* | Trupanion Inc. | 568,986 | 44,193 | |||
Goosehead Insurance Inc. Class A | 274,107 | 41,744 | ||||
Hamilton Lane Inc. Class A | 484,541 | 41,099 | ||||
*,1 | Lemonade Inc. | 579,874 | 38,857 | |||
Essent Group Ltd. | 834,199 | 36,713 | ||||
Houlihan Lokey Inc. Class A | 397,680 | 36,626 | ||||
* | Focus Financial Partners Inc. Class A | 656,865 | 34,400 | |||
*,1 | Riot Blockchain Inc. | 1,279,407 | 32,881 | |||
Cohen & Steers Inc. | 378,421 | 31,700 | ||||
StepStone Group Inc. Class A | 632,192 | 26,957 | ||||
* | LendingTree Inc. | 178,554 | 24,967 | |||
* | Silvergate Capital Corp. Class A | 188,286 | 21,747 | |||
Independent Bank Group Inc. | 289,387 | 20,558 | ||||
1 | Blue Owl Capital Inc. | 1,262,508 | 19,645 | |||
* | Ryan Specialty Group Holdings Inc. Class A | 520,212 | 17,620 | |||
TFS Financial Corp. | 885,540 | 16,878 |
Shares | Market Value ($000) | |||||
* | Palomar Holdings Inc. | 190,158 | 15,370 | |||
PJT Partners Inc. Class A | 173,533 | 13,728 | ||||
* | BRP Group Inc. Class A | 389,597 | 12,970 | |||
* | Oscar Health Inc. Class A | 680,575 | 11,835 | |||
National Bank Holdings Corp. Class A | 230,760 | 9,341 | ||||
* | eHealth Inc. | 196,219 | 7,947 | |||
*,1 | Root Inc. Class A | 1,441,223 | 7,595 | |||
Kearny Financial Corp. | 573,497 | 7,129 | ||||
* | Clearwater Analytics Holdings Inc. Class A | 235,865 | 6,040 | |||
* | GoHealth Inc. Class A | 1,175,503 | 5,913 | |||
*,1 | Romeo Power Inc. | 740,125 | 3,664 | |||
* | AssetMark Financial Holdings Inc. | 143,656 | 3,573 | |||
*,1 | MetroMile Inc. | 699,639 | 2,484 | |||
*,2 | First Eagle Private Credit LLC CVR | 323,987 | 30 | |||
1,794,410 | ||||||
Health Care (22.6%) | ||||||
Bio-Techne Corp. | 614,528 | 297,782 | ||||
* | Repligen Corp. | 821,186 | 237,315 | |||
* | Masimo Corp. | 779,221 | 210,943 | |||
* | Guardant Health Inc. | 1,513,067 | 189,148 | |||
* | Charles River Laboratories International Inc. | 396,343 | 163,559 | |||
* | Avantor Inc. | 3,904,564 | 159,697 | |||
PerkinElmer Inc. | 881,459 | 152,748 | ||||
* | Acceleron Pharma Inc. | 861,794 | 148,315 | |||
* | Natera Inc. | 1,327,085 | 147,890 | |||
* | Penumbra Inc. | 546,380 | 145,610 | |||
* | Neurocrine Biosciences Inc. | 1,488,447 | 142,757 | |||
* | Syneos Health Inc. | 1,627,325 | 142,358 | |||
* | Intellia Therapeutics Inc. | 1,039,921 | 139,505 | |||
Bruker Corp. | 1,543,987 | 120,585 | ||||
* | Tandem Diabetes Care Inc. | 991,018 | 118,308 | |||
Chemed Corp. | 247,464 | 115,100 | ||||
* | Sarepta Therapeutics Inc. | 1,192,393 | 110,272 | |||
* | Shockwave Medical Inc. | 525,026 | 108,092 | |||
* | Exelixis Inc. | 4,953,206 | 104,711 | |||
* | Omnicell Inc. | 683,747 | 101,489 | |||
* | Arrowhead Pharmaceuticals Inc. | 1,557,169 | 97,214 | |||
* | STAAR Surgical Co. | 745,161 | 95,776 | |||
* | Inspire Medical Systems Inc. | 407,292 | 94,850 | |||
* | Blueprint Medicines Corp. | 920,958 | 94,684 | |||
* | Globus Medical Inc. Class A | 1,231,920 | 94,390 | |||
* | Ultragenyx Pharmaceutical Inc. | 1,013,185 | 91,379 | |||
* | Halozyme Therapeutics Inc. | 2,238,740 | 91,072 | |||
* | NeoGenomics Inc. | 1,834,120 | 88,478 | |||
* | Medpace Holdings Inc. | 450,478 | 85,266 | |||
* | HealthEquity Inc. | 1,311,111 | 84,908 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 1,707,876 | 83,823 | |||
* | Invitae Corp. | 2,885,992 | 82,049 | |||
* | Quidel Corp. | 556,303 | 78,522 | |||
* | Alkermes plc | 2,537,120 | 78,245 | |||
Hill-Rom Holdings Inc. | 517,798 | 77,670 | ||||
* | Integra LifeSciences Holdings Corp. | 1,130,922 | 77,446 | |||
* | Amedisys Inc. | 513,011 | 76,490 | |||
* | Fate Therapeutics Inc. | 1,271,934 | 75,388 | |||
* | Twist Bioscience Corp. | 697,378 | 74,599 | |||
* | LHC Group Inc. | 473,037 | 74,224 | |||
* | ICU Medical Inc. | 316,839 | 73,944 | |||
* | Neogen Corp. | 1,690,384 | 73,413 |
Shares | Market Value ($000) | |||||
* | Beam Therapeutics Inc. | 782,417 | 68,078 | |||
* | Adaptive Biotechnologies Corp. | 1,990,480 | 67,656 | |||
* | Denali Therapeutics Inc. | 1,338,598 | 67,532 | |||
* | Ionis Pharmaceuticals Inc. | 1,885,893 | 63,253 | |||
* | Allakos Inc. | 594,057 | 62,893 | |||
*,1 | Doximity Inc. Class A | 768,077 | 61,984 | |||
Ensign Group Inc. | 823,746 | 61,690 | ||||
* | Nevro Corp. | 520,672 | 60,596 | |||
* | Merit Medical Systems Inc. | 840,747 | 60,366 | |||
* | Novocure Ltd. | 512,571 | 59,545 | |||
* | Progyny Inc. | 1,054,137 | 59,032 | |||
* | Arena Pharmaceuticals Inc. | 959,557 | 57,142 | |||
* | Haemonetics Corp. | 802,123 | 56,622 | |||
* | Option Care Health Inc. | 2,262,518 | 54,889 | |||
* | Vir Biotechnology Inc. | 1,231,982 | 53,616 | |||
* | CareDx Inc. | 827,219 | 52,421 | |||
* | Nektar Therapeutics | 2,887,895 | 51,867 | |||
* | Veracyte Inc. | 1,113,697 | 51,731 | |||
* | Arvinas Inc. | 618,675 | 50,843 | |||
* | Insmed Inc. | 1,811,118 | 49,878 | |||
* | Certara Inc. | 1,483,901 | 49,117 | |||
* | NuVasive Inc. | 812,100 | 48,604 | |||
* | R1 RCM Inc. | 2,191,246 | 48,229 | |||
* | AtriCure Inc. | 685,000 | 47,642 | |||
* | Inovalon Holdings Inc. Class A | 1,168,285 | 47,070 | |||
* | Editas Medicine Inc. | 1,072,573 | 44,061 | |||
* | Intra-Cellular Therapies Inc. | 1,149,789 | 42,864 | |||
* | PTC Therapeutics Inc. | 1,108,929 | 41,263 | |||
* | Sotera Health Co. | 1,555,139 | 40,667 | |||
* | Amicus Therapeutics Inc. | 4,186,198 | 39,978 | |||
* | Pacira BioSciences Inc. | 698,095 | 39,093 | |||
* | Evolent Health Inc. Class A | 1,232,705 | 38,214 | |||
* | Inari Medical Inc. | 470,251 | 38,137 | |||
* | Emergent BioSolutions Inc. | 758,911 | 37,999 | |||
* | Sage Therapeutics Inc. | 830,865 | 36,816 | |||
* | Apellis Pharmaceuticals Inc. | 1,092,654 | 36,014 | |||
* | Zentalis Pharmaceuticals Inc. | 530,087 | 35,325 | |||
* | Accolade Inc. | 829,474 | 34,979 | |||
* | Ligand Pharmaceuticals Inc. | 248,625 | 34,638 | |||
* | Ortho Clinical Diagnostics Holdings plc | 1,844,653 | 34,089 | |||
* | Health Catalyst Inc. | 678,179 | 33,916 | |||
* | TG Therapeutics Inc. | 1,008,783 | 33,572 | |||
* | Glaukos Corp. | 694,039 | 33,432 | |||
* | 1Life Healthcare Inc. | 1,621,296 | 32,831 | |||
* | Corcept Therapeutics Inc. | 1,636,787 | 32,212 | |||
* | SpringWorks Therapeutics Inc. | 500,858 | 31,774 | |||
* | ACADIA Pharmaceuticals Inc. | 1,889,891 | 31,391 | |||
* | REVOLUTION Medicines Inc. | 1,096,176 | 30,156 | |||
CONMED Corp. | 228,640 | 29,913 | ||||
* | Xencor Inc. | 914,431 | 29,865 | |||
* | Sana Biotechnology Inc. | 1,325,566 | 29,852 | |||
* | Allogene Therapeutics Inc. | 1,114,404 | 28,640 | |||
* | CorVel Corp. | 153,579 | 28,599 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 2,170,558 | 28,347 | |||
* | Silk Road Medical Inc. | 489,087 | 26,914 | |||
* | AdaptHealth Corp. Class A | 1,127,956 | 26,270 | |||
* | Apollo Medical Holdings Inc. | 281,874 | 25,665 | |||
* | iRhythm Technologies Inc. | 437,497 | 25,620 |
Shares | Market Value ($000) | |||||
* | Relay Therapeutics Inc. | 798,787 | 25,186 | |||
* | Global Blood Therapeutics Inc. | 977,472 | 24,906 | |||
* | REGENXBIO Inc. | 571,291 | 23,949 | |||
*,1 | Seer Inc. Class A | 671,673 | 23,193 | |||
* | Harmony Biosciences Holdings Inc. | 584,732 | 22,413 | |||
* | Phreesia Inc. | 358,751 | 22,135 | |||
* | Deciphera Pharmaceuticals Inc. | 641,005 | 21,781 | |||
* | Agios Pharmaceuticals Inc. | 464,907 | 21,455 | |||
* | Bluebird Bio Inc. | 1,066,158 | 20,374 | |||
* | Privia Health Group Inc. | 834,003 | 19,649 | |||
* | Axonics Inc. | 291,208 | 18,955 | |||
* | Alector Inc. | 829,360 | 18,926 | |||
* | NanoString Technologies Inc. | 359,068 | 17,239 | |||
* | Heron Therapeutics Inc. | 1,607,797 | 17,187 | |||
* | Innoviva Inc. | 986,796 | 16,489 | |||
* | Inogen Inc. | 356,718 | 15,371 | |||
* | Multiplan Corp. | 2,635,118 | 14,836 | |||
* | Generation Bio Co. | 582,277 | 14,598 | |||
* | Pulmonx Corp. | 405,173 | 14,578 | |||
* | Berkeley Lights Inc. | 740,999 | 14,494 | |||
* | ChemoCentryx Inc. | 827,123 | 14,144 | |||
* | Cano Health Inc. | 1,092,888 | 13,858 | |||
* | PMV Pharmaceuticals Inc. | 464,470 | 13,841 | |||
* | Olema Pharmaceuticals Inc. | 499,332 | 13,762 | |||
* | Vaxcyte Inc. | 535,193 | 13,578 | |||
* | FibroGen Inc. | 1,315,129 | 13,441 | |||
* | American Well Corp. Class A | 1,329,849 | 12,115 | |||
* | Kronos Bio Inc. | 576,886 | 12,092 | |||
* | Gossamer Bio Inc. | 959,175 | 12,057 | |||
* | ImmunityBio Inc. | 1,234,324 | 12,022 | |||
* | Cerevel Therapeutics Holdings Inc. | 399,975 | 11,799 | |||
*,1 | Butterfly Network Inc. | 1,123,237 | 11,727 | |||
*,1 | Clover Health Investments Corp. | 1,581,698 | 11,689 | |||
*,1 | Recursion Pharmaceuticals Inc. Class A | 501,817 | 11,547 | |||
* | HealthStream Inc. | 398,275 | 11,383 | |||
* | Atara Biotherapeutics Inc. | 635,183 | 11,370 | |||
* | Pennant Group Inc. | 402,703 | 11,312 | |||
* | BioAtla Inc. | 382,434 | 11,259 | |||
* | Nuvation Bio Inc. | 1,116,543 | 11,098 | |||
* | OPKO Health Inc. | 2,955,414 | 10,787 | |||
* | Supernus Pharmaceuticals Inc. | 398,172 | 10,619 | |||
* | Rocket Pharmaceuticals Inc. | 351,281 | 10,500 | |||
* | Phathom Pharmaceuticals Inc. | 321,566 | 10,322 | |||
* | Agiliti Inc. | 514,325 | 9,793 | |||
*,1 | SmileDirectClub Inc. Class A | 1,781,166 | 9,476 | |||
* | Cullinan Oncology Inc. | 412,222 | 9,304 | |||
* | Radius Health Inc. | 745,731 | 9,255 | |||
*,1 | LifeStance Health Group Inc. | 590,356 | 8,560 | |||
* | Sangamo Therapeutics Inc. | 917,221 | 8,264 | |||
* | AnaptysBio Inc. | 303,027 | 8,218 | |||
* | Kinnate Biopharma Inc. | 344,582 | 7,932 | |||
* | Treace Medical Concepts Inc. | 291,502 | 7,841 | |||
* | Hims & Hers Health Inc. | 999,089 | 7,533 | |||
* | Adagio Therapeutics Inc. | 175,523 | 7,414 | |||
* | Precigen Inc. | 1,467,084 | 7,321 | |||
* | Alignment Healthcare Inc. | 443,174 | 7,082 | |||
* | Theravance Biopharma Inc. | 926,370 | 6,855 | |||
* | Natus Medical Inc. | 269,226 | 6,752 |
Shares | Market Value ($000) | |||||
* | Epizyme Inc. | 1,290,520 | 6,607 | |||
* | Rubius Therapeutics Inc. | 354,085 | 6,331 | |||
* | Prelude Therapeutics Inc. | 196,776 | 6,149 | |||
* | Definitive Healthcare Corp. Class A | 137,991 | 5,910 | |||
* | Aveanna Healthcare Holdings Inc. | 726,484 | 5,826 | |||
* | Nkarta Inc. | 207,671 | 5,775 | |||
* | Orthofix Medical Inc. | 147,547 | 5,624 | |||
* | Instil Bio Inc. | 304,726 | 5,447 | |||
* | Verve Therapeutics Inc. | 113,609 | 5,340 | |||
* | Signify Health Inc. Class A | 265,056 | 4,737 | |||
* | Aerie Pharmaceuticals Inc. | 372,692 | 4,249 | |||
*,1 | Clovis Oncology Inc. | 934,058 | 4,166 | |||
* | Erasca Inc. | 191,287 | 4,059 | |||
*,1 | Vor BioPharma Inc. | 234,434 | 3,676 | |||
*,1 | Intercept Pharmaceuticals Inc. | 209,456 | 3,110 | |||
*,1 | Lyell Immunopharma Inc. | 191,606 | 2,836 | |||
* | Design Therapeutics Inc. | 175,516 | 2,578 | |||
* | Eargo Inc. | 339,797 | 2,287 | |||
* | Cytek Biosciences Inc. | 106,652 | 2,283 | |||
* | Innovage Holding Corp. | 320,695 | 2,120 | |||
* | Monte Rosa Therapeutics Inc. | 91,503 | 2,039 | |||
* | PROCEPT BioRobotics Corp. | 50,019 | 1,908 | |||
* | Singular Genomics Systems Inc. | 169,334 | 1,895 | |||
*,1 | Day One Biopharmaceuticals Inc. | 71,501 | 1,697 | |||
* | Nuvalent Inc. Class A | 65,319 | 1,473 | |||
*,2 | Alder Biopharmaceuticals Inc. CVR Exp. 12/31/24 | 1,054,451 | 928 | |||
* | Absci Corp. | 72,745 | 846 | |||
* | Bright Health Group Inc. | 47,686 | 389 | |||
* | Warby Parker Inc. Class A | 3,922 | 208 | |||
*,1 | Cue Health Inc. | 9,658 | 114 | |||
*,2 | Wright Medical Group NV | 1,712 | — | |||
8,311,659 | ||||||
Industrials (16.6%) | ||||||
* | Bill.com Holdings Inc. | 755,788 | 201,758 | |||
Nordson Corp. | 822,797 | 195,949 | ||||
Graco Inc. | 2,670,659 | 186,866 | ||||
* | Trex Co. Inc. | 1,813,807 | 184,881 | |||
* | Axon Enterprise Inc. | 1,032,654 | 180,735 | |||
* | Fair Isaac Corp. | 424,125 | 168,772 | |||
* | Paylocity Holding Corp. | 600,981 | 168,515 | |||
Toro Co. | 1,684,021 | 164,040 | ||||
Lennox International Inc. | 526,107 | 154,765 | ||||
Genpact Ltd. | 2,953,376 | 140,315 | ||||
Watsco Inc. | 518,513 | 137,209 | ||||
MKS Instruments Inc. | 871,903 | 131,579 | ||||
* | Berry Global Group Inc. | 2,128,155 | 129,562 | |||
A O Smith Corp. | 2,094,861 | 127,933 | ||||
* | WEX Inc. | 704,374 | 124,068 | |||
* | Chart Industries Inc. | 571,890 | 109,294 | |||
* | TopBuild Corp. | 517,996 | 106,091 | |||
* | WillScot Mobile Mini Holdings Corp. | 3,343,214 | 106,047 | |||
Cognex Corp. | 1,319,828 | 105,877 | ||||
Littelfuse Inc. | 387,033 | 105,764 | ||||
* | Euronet Worldwide Inc. | 788,925 | 100,414 | |||
* | Saia Inc. | 414,112 | 98,571 | |||
* | Coherent Inc. | 385,897 | 96,509 | |||
Jack Henry & Associates Inc. | 582,134 | 95,505 | ||||
Landstar System Inc. | 602,072 | 95,019 |
Shares | Market Value ($000) | |||||
Exponent Inc. | 818,608 | 92,625 | ||||
* | ASGN Inc. | 790,197 | 89,403 | |||
Eagle Materials Inc. | 658,719 | 86,398 | ||||
* | AMN Healthcare Services Inc. | 743,221 | 85,285 | |||
Advanced Drainage Systems Inc. | 776,680 | 84,013 | ||||
BWX Technologies Inc. | 1,497,214 | 80,640 | ||||
Maximus Inc. | 966,834 | 80,441 | ||||
Simpson Manufacturing Co. Inc. | 682,941 | 73,054 | ||||
*,1 | Virgin Galactic Holdings Inc. | 2,830,908 | 71,622 | |||
* | GXO Logistics Inc. | 901,235 | 70,693 | |||
John Bean Technologies Corp. | 499,352 | 70,184 | ||||
* | Middleby Corp. | 409,419 | 69,810 | |||
*,1 | TuSimple Holdings Inc. Class A | 1,745,280 | 64,802 | |||
Insperity Inc. | 576,574 | 63,850 | ||||
* | AZEK Co. Inc. Class A | 1,703,995 | 62,247 | |||
* | ExlService Holdings Inc. | 495,626 | 61,021 | |||
* | TriNet Group Inc. | 621,206 | 58,754 | |||
* | Shift4 Payments Inc. Class A | 742,528 | 57,561 | |||
* | ACI Worldwide Inc. | 1,847,564 | 56,776 | |||
* | Itron Inc. | 710,876 | 53,764 | |||
Woodward Inc. | 474,868 | 53,755 | ||||
Aerojet Rocketdyne Holdings Inc. | 1,199,174 | 52,224 | ||||
Franklin Electric Co. Inc. | 620,121 | 49,517 | ||||
* | Vicor Corp. | 350,262 | 46,991 | |||
* | Welbilt Inc. | 2,014,409 | 46,815 | |||
Badger Meter Inc. | 458,565 | 46,379 | ||||
* | Kratos Defense & Security Solutions Inc. | 1,947,440 | 43,447 | |||
AAON Inc. | 658,632 | 43,035 | ||||
* | Mercury Systems Inc. | 883,267 | 41,884 | |||
* | Masonite International Corp. | 378,397 | 40,159 | |||
Installed Building Products Inc. | 373,229 | 39,991 | ||||
* | Bloom Energy Corp. Class A | 2,060,464 | 38,572 | |||
Mueller Water Products Inc. Class A | 2,489,899 | 37,896 | ||||
Helios Technologies Inc. | 457,755 | 37,586 | ||||
Armstrong World Industries Inc. | 373,622 | 35,670 | ||||
Forward Air Corp. | 425,406 | 35,317 | ||||
* | Verra Mobility Corp. Class A | 2,294,009 | 34,571 | |||
*,1 | Nikola Corp. | 3,124,137 | 33,335 | |||
* | Raven Industries Inc. | 563,440 | 32,460 | |||
* | AeroVironment Inc. | 369,735 | 31,915 | |||
* | Proto Labs Inc. | 435,235 | 28,987 | |||
Lindsay Corp. | 172,081 | 26,120 | ||||
* | Air Transport Services Group Inc. | 929,542 | 23,991 | |||
Tennant Co. | 279,819 | 20,693 | ||||
* | Cimpress plc | 237,156 | 20,592 | |||
Comfort Systems USA Inc. | 272,066 | 19,404 | ||||
* | FARO Technologies Inc. | 286,735 | 18,870 | |||
* | Gibraltar Industries Inc. | 257,453 | 17,932 | |||
* | Evo Payments Inc. Class A | 746,700 | 17,682 | |||
* | Core & Main Inc. Class A | 631,424 | 16,550 | |||
* | Dycom Industries Inc. | 230,644 | 16,431 | |||
* | Hayward Holdings Inc. | 729,223 | 16,218 | |||
* | TaskUS Inc. Class A | 239,535 | 15,898 | |||
Maxar Technologies Inc. | 543,278 | 15,386 | ||||
*,1 | PureCycle Technologies Inc. | 1,111,003 | 14,754 | |||
* | GreenSky Inc. Class A | 1,117,870 | 12,498 | |||
* | Danimer Scientific Inc. | 655,317 | 10,708 | |||
* | ZipRecruiter Inc. Class A | 360,403 | 9,947 |
Shares | Market Value ($000) | |||||
Enerpac Tool Group Corp. Class A | 474,891 | 9,844 | ||||
* | Forrester Research Inc. | 181,459 | 8,939 | |||
*,1 | Desktop Metal Inc. Class A | 1,233,719 | 8,846 | |||
* | BTRS Holdings Inc. | 784,461 | 8,347 | |||
*,1 | Latch Inc. | 724,466 | 8,165 | |||
*,1 | Hyliion Holdings Corp. | 955,495 | 8,026 | |||
Pactiv Evergreen Inc. | 559,028 | 6,999 | ||||
Gorman-Rupp Co. | 164,888 | 5,905 | ||||
* | CS Disco Inc. | 112,500 | 5,393 | |||
* | Payoneer Global Inc. | 586,868 | 5,018 | |||
*,1 | Velodyne Lidar Inc. | 772,382 | 4,572 | |||
* | Thermon Group Holdings Inc. | 262,863 | 4,550 | |||
* | Hillman Solutions Corp. | 369,858 | 4,412 | |||
* | Paymentus Holdings Inc. Class A | 175,212 | 4,317 | |||
* | American Woodmark Corp. | 65,484 | 4,281 | |||
*,1 | View Inc. | 770,531 | 4,176 | |||
* | Flywire Corp. | 75,095 | 3,292 | |||
* | Sterling Check Corp. | 108,966 | 2,829 | |||
* | Legalzoom.com Inc. | 7,903 | 209 | |||
* | Remitly Global Inc. | 777 | 28 | |||
6,101,309 | ||||||
Real Estate (7.6%) | ||||||
Equity LifeStyle Properties Inc. | 2,601,426 | 203,171 | ||||
American Homes 4 Rent Class A | 4,307,561 | 164,204 | ||||
CubeSmart | 3,173,454 | 153,754 | ||||
CyrusOne Inc. | 1,949,669 | 150,924 | ||||
STORE Capital Corp. | 3,844,367 | 123,135 | ||||
Rexford Industrial Realty Inc. | 2,166,218 | 122,933 | ||||
Americold Realty Trust | 4,104,985 | 119,250 | ||||
American Campus Communities Inc. | 2,186,857 | 105,953 | ||||
Healthcare Trust of America Inc. Class A | 3,441,093 | 102,063 | ||||
STAG Industrial Inc. | 2,548,400 | 100,025 | ||||
CoreSite Realty Corp. | 695,126 | 96,303 | ||||
* | Host Hotels & Resorts Inc. | 5,611,648 | 91,638 | |||
Regency Centers Corp. | 1,335,588 | 89,925 | ||||
Innovative Industrial Properties Inc. | 376,254 | 86,979 | ||||
Spirit Realty Capital Inc. | 1,873,359 | 86,250 | ||||
* | Redfin Corp. | 1,566,442 | 78,479 | |||
Lamar Advertising Co. Class A | 682,241 | 77,400 | ||||
* | Ryman Hospitality Properties Inc. | 822,121 | 68,812 | |||
National Storage Affiliates Trust | 1,255,182 | 66,261 | ||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 1,235,920 | 66,097 | ||||
Terreno Realty Corp. | 997,899 | 63,097 | ||||
Kilroy Realty Corp. | 915,632 | 60,624 | ||||
Broadstone Net Lease Inc. | 2,371,396 | 58,834 | ||||
* | Howard Hughes Corp. | 649,532 | 57,035 | |||
Essential Properties Realty Trust Inc. | 1,858,573 | 51,891 | ||||
PS Business Parks Inc. | 324,515 | 50,865 | ||||
Uniti Group Inc. | 3,667,974 | 45,373 | ||||
eXp World Holdings Inc. | 1,034,823 | 41,155 | ||||
Kite Realty Group Trust | 1,324,990 | 26,977 | ||||
Paramount Group Inc. | 2,915,769 | 26,213 | ||||
* | DigitalBridge Group Inc. | 3,854,567 | 23,243 | |||
Pebblebrook Hotel Trust | 1,036,372 | 23,225 | ||||
Safehold Inc. | 310,252 | 22,304 | ||||
St. Joe Co. | 510,921 | 21,510 | ||||
* | Marcus & Millichap Inc. | 405,894 | 16,487 | |||
CareTrust REIT Inc. | 765,217 | 15,549 |
Shares | Market Value ($000) | |||||
Universal Health Realty Income Trust | 195,694 | 10,816 | ||||
Alexander's Inc. | 32,228 | 8,399 | ||||
Phillips Edison & Co. Inc. | 157,902 | 4,849 | ||||
* | Bridge Investment Group Holdings Inc. Class A | 188,688 | 3,334 | |||
*,1 | Compass Inc. Class A | 8,468 | 112 | |||
2,785,448 | ||||||
Technology (21.5%) | ||||||
Entegris Inc. | 2,132,184 | 268,442 | ||||
* | Ceridian HCM Holding Inc. | 2,120,860 | 238,851 | |||
* | Avalara Inc. | 1,289,266 | 225,325 | |||
* | Dynatrace Inc. | 3,129,346 | 222,090 | |||
* | PTC Inc. | 1,661,351 | 199,013 | |||
* | Five9 Inc. | 1,064,465 | 170,038 | |||
* | Guidewire Software Inc. | 1,307,701 | 155,446 | |||
* | Manhattan Associates Inc. | 996,956 | 152,564 | |||
* | Wolfspeed Inc. | 1,821,844 | 147,077 | |||
* | Elastic NV | 970,053 | 144,528 | |||
* | Lattice Semiconductor Corp. | 2,144,290 | 138,628 | |||
* | Anaplan Inc. | 2,161,826 | 131,634 | |||
* | Aspen Technology Inc. | 1,054,799 | 129,529 | |||
* | Smartsheet Inc. Class A | 1,868,653 | 128,601 | |||
* | Nutanix Inc. Class A | 3,212,520 | 121,112 | |||
* | Asana Inc. Class A | 1,155,285 | 119,965 | |||
Brooks Automation Inc. | 1,168,130 | 119,558 | ||||
Universal Display Corp. | 666,754 | 113,988 | ||||
* | Zendesk Inc. | 943,624 | 109,828 | |||
Vertiv Holdings Co. Class A | 4,433,891 | 106,812 | ||||
* | Pure Storage Inc. Class A | 4,230,590 | 106,442 | |||
* | II-VI Inc. | 1,662,040 | 98,659 | |||
* | J2 Global Inc. | 720,239 | 98,399 | |||
* | Blackline Inc. | 826,619 | 97,591 | |||
* | Varonis Systems Inc. Class B | 1,596,733 | 97,161 | |||
* | Rapid7 Inc. | 833,372 | 94,188 | |||
* | Digital Turbine Inc. | 1,359,769 | 93,484 | |||
* | Everbridge Inc. | 603,487 | 91,151 | |||
* | SPS Commerce Inc. | 563,395 | 90,881 | |||
Dolby Laboratories Inc. Class A | 1,027,204 | 90,394 | ||||
* | Silicon Laboratories Inc. | 638,643 | 89,512 | |||
Power Integrations Inc. | 900,634 | 89,154 | ||||
* | Workiva Inc. Class A | 608,738 | 85,808 | |||
* | Ambarella Inc. | 541,836 | 84,386 | |||
* | Novanta Inc. | 529,894 | 81,869 | |||
Pegasystems Inc. | 640,464 | 81,403 | ||||
* | Upwork Inc. | 1,805,648 | 81,308 | |||
* | Semtech Corp. | 1,020,704 | 79,584 | |||
* | ON Semiconductor Corp. | 1,692,377 | 77,460 | |||
National Instruments Corp. | 1,881,447 | 73,809 | ||||
* | Medallia Inc. | 2,143,620 | 72,604 | |||
* | Alteryx Inc. Class A | 934,981 | 68,347 | |||
* | Q2 Holdings Inc. | 843,324 | 67,584 | |||
* | New Relic Inc. | 917,457 | 65,846 | |||
* | Tenable Holdings Inc. | 1,423,844 | 65,696 | |||
* | Envestnet Inc. | 814,355 | 65,344 | |||
* | Sprout Social Inc. Class A | 531,453 | 64,811 | |||
* | Vimeo Inc. | 2,195,575 | 64,484 | |||
* | nCino Inc. | 900,123 | 63,936 | |||
* | FireEye Inc. | 3,571,820 | 63,578 | |||
* | Sailpoint Technologies Holdings Inc. | 1,460,631 | 62,632 |
Shares | Market Value ($000) | |||||
* | Diodes Inc. | 671,479 | 60,829 | |||
* | Cloudera Inc. | 3,726,108 | 59,506 | |||
* | Fabrinet | 578,463 | 59,298 | |||
* | LivePerson Inc. | 986,999 | 58,184 | |||
* | Qualys Inc. | 520,433 | 57,919 | |||
* | Appian Corp. | 622,218 | 57,561 | |||
*,1 | Fastly Inc. Class A | 1,420,095 | 57,429 | |||
* | Cornerstone OnDemand Inc. | 997,265 | 57,103 | |||
CMC Materials Inc. | 459,257 | 56,594 | ||||
* | Onto Innovation Inc. | 774,424 | 55,952 | |||
* | Alarm.com Holdings Inc. | 706,033 | 55,205 | |||
* | Rogers Corp. | 294,401 | 54,900 | |||
* | Magnite Inc. | 1,960,180 | 54,885 | |||
*,1 | MicroStrategy Inc. Class A | 94,586 | 54,709 | |||
* | Box Inc. Class A | 2,311,188 | 54,706 | |||
* | MaxLinear Inc. Class A | 1,081,753 | 53,276 | |||
Advanced Energy Industries Inc. | 603,006 | 52,914 | ||||
* | CommVault Systems Inc. | 685,093 | 51,594 | |||
* | 3D Systems Corp. | 1,870,327 | 51,565 | |||
*,1 | Altair Engineering Inc. Class A | 732,050 | 50,468 | |||
* | Duck Creek Technologies Inc. | 1,138,537 | 50,369 | |||
* | MACOM Technology Solutions Holdings Inc. | 756,833 | 49,096 | |||
* | FormFactor Inc. | 1,220,518 | 45,562 | |||
* | Schrodinger Inc. | 822,421 | 44,970 | |||
* | Cargurus Inc. Class A | 1,421,422 | 44,647 | |||
Switch Inc. Class A | 1,725,700 | 43,816 | ||||
* | PagerDuty Inc. | 1,051,293 | 43,545 | |||
* | BigCommerce Holdings Inc. | 837,930 | 42,433 | |||
Shutterstock Inc. | 373,944 | 42,375 | ||||
* | Yelp Inc. Class A | 1,097,680 | 40,878 | |||
CDK Global Inc. | 948,568 | 40,362 | ||||
* | Vroom Inc. | 1,825,249 | 40,283 | |||
* | Appfolio Inc. Class A | 268,120 | 32,282 | |||
* | Jamf Holding Corp. | 837,660 | 32,267 | |||
* | Perficient Inc. | 258,281 | 29,883 | |||
* | Zuora Inc. Class A | 1,746,378 | 28,955 | |||
* | Blackbaud Inc. | 383,020 | 26,945 | |||
* | Bandwidth Inc. Class A | 294,782 | 26,613 | |||
* | Bottomline Technologies DE Inc. | 675,559 | 26,536 | |||
* | LiveRamp Holdings Inc. | 508,996 | 24,040 | |||
* | Eventbrite Inc. Class A | 1,192,317 | 22,547 | |||
* | PROS Holdings Inc. | 625,035 | 22,176 | |||
* | Yext Inc. | 1,792,497 | 21,564 | |||
* | Telos Corp. | 737,265 | 20,953 | |||
* | Ping Identity Holding Corp. | 842,017 | 20,688 | |||
* | DigitalOcean Holdings Inc. | 254,015 | 19,719 | |||
* | SiTime Corp. | 90,239 | 18,424 | |||
* | nLight Inc. | 647,427 | 18,251 | |||
*,1 | Skillz Inc. Class A | 1,845,154 | 18,119 | |||
* | Veeco Instruments Inc. | 794,354 | 17,643 | |||
* | Parsons Corp. | 485,190 | 16,380 | |||
* | Datto Holding Corp. | 640,149 | 15,300 | |||
* | CEVA Inc. | 343,882 | 14,673 | |||
* | E2open Parent Holdings Inc. | 1,154,458 | 13,045 | |||
*,1 | Confluent Inc. Class A | 217,538 | 12,976 | |||
* | JFrog Ltd. | 378,286 | 12,673 | |||
* | Sumo Logic Inc. | 674,159 | 10,867 | |||
* | ON24 Inc. | 515,155 | 10,272 |
Shares | Market Value ($000) | |||||
* | Freshworks Inc. Class A | 223,056 | 9,522 | |||
* | PubMatic Inc. Class A | 297,380 | 7,836 | |||
* | Xometry Inc. Class A | 131,492 | 7,583 | |||
* | Thoughtworks Holding Inc. | 240,610 | 6,908 | |||
* | Aeva Technologies Inc. | 836,768 | 6,644 | |||
*,1 | Ouster Inc. | 890,867 | 6,521 | |||
* | MediaAlpha Inc. Class A | 340,072 | 6,353 | |||
*,1 | N-Able Inc. | 493,571 | 6,125 | |||
Ebix Inc. | 195,266 | 5,259 | ||||
* | Vertex Inc. Class A | 204,916 | 3,938 | |||
*,1 | SEMrush Holdings Inc. Class A | 170,369 | 3,929 | |||
* | Clear Secure Inc. Class A | 88,052 | 3,615 | |||
* | Rackspace Technology Inc. | 247,357 | 3,517 | |||
* | WM Technology Inc. | 236,243 | 3,426 | |||
* | ForgeRock Inc. Class A | 86,769 | 3,378 | |||
* | SmartRent Inc. Class A | 229,296 | 2,985 | |||
* | Viant Technology Inc. Class A | 185,799 | 2,270 | |||
*,1 | Sprinklr Inc. Class A | 122,597 | 2,145 | |||
* | MeridianLink Inc. | 95,500 | 2,135 | |||
* | SecureWorks Corp. Class A | 105,413 | 2,096 | |||
* | Couchbase Inc. | 65,349 | 2,033 | |||
* | AvePoint Inc. | 238,790 | 2,027 | |||
* | Intapp Inc. | 71,415 | 1,840 | |||
* | Zeta Global Holdings Corp. Class A | 179,457 | 1,052 | |||
* | EngageSmart Inc. | 6,174 | 210 | |||
* | DoubleVerify Holdings Inc. | 3,178 | 109 | |||
*,2 | Media General Inc. CVR | 1,362,047 | 53 | |||
* | Amplitude Inc. Class A | 774 | 42 | |||
* | EverCommerce Inc. | 2,380 | 39 | |||
* | Procore Technologies Inc. | 329 | 29 | |||
* | Alkami Technology Inc. | 793 | 20 | |||
7,930,897 | ||||||
Telecommunications (1.6%) | ||||||
Cable One Inc. | 90,190 | 163,526 | ||||
* | Ciena Corp. | 2,433,555 | 124,963 | |||
* | Lumentum Holdings Inc. | 1,090,314 | 91,085 | |||
* | Viasat Inc. | 1,094,816 | 60,291 | |||
Cogent Communications Holdings Inc. | 674,214 | 47,761 | ||||
*,1 | Globalstar Inc. | 14,144,446 | 23,621 | |||
* | Infinera Corp. | 2,797,183 | 23,273 | |||
*,1 | fuboTV Inc. | 949,879 | 22,759 | |||
* | WideOpenWest Inc. | 824,529 | 16,202 | |||
Shenandoah Telecommunications Co. | 374,315 | 11,821 | ||||
Loral Space & Communications Inc. | 202,828 | 8,724 | ||||
ATN International Inc. | 162,696 | 7,622 | ||||
*,1 | Gogo Inc. | 389,411 | 6,737 | |||
608,385 | ||||||
Utilities (1.3%) | ||||||
* | Sunrun Inc. | 3,075,513 | 135,322 | |||
* | Clean Harbors Inc. | 770,118 | 79,992 | |||
* | Evoqua Water Technologies Corp. | 1,890,540 | 71,009 | |||
* | Casella Waste Systems Inc. Class A | 792,364 | 60,172 | |||
Ormat Technologies Inc. | 704,022 | 46,895 | ||||
Covanta Holding Corp. | 1,879,404 | 37,814 | ||||
* | Sunnova Energy International Inc. | 1,142,517 | 37,634 |
Shares | Market Value ($000) | |||||
California Water Service Group | 406,560 | 23,959 | ||||
492,797 | ||||||
Total Common Stocks (Cost $26,332,699) | 36,725,190 | |||||
Coupon | ||||||
Temporary Cash Investments (1.7%) | ||||||
Money Market Fund (1.7%) | ||||||
3,4 | Vanguard Market Liquidity Fund (Cost $612,240) | 0.068% | 6,123,345 | 612,334 | ||
Total Investments (101.4%) (Cost $26,944,939) | 37,337,524 | |||||
Other Assets and Liabilities—Net (-1.4%) | (524,848) | |||||
Net Assets (100%) | 36,812,676 |
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 $503,195,000. |
2 | Security value determined using significant unobservable inputs. |
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 $521,573,000 was received for securities on loan, of which $519,346,000 is held in Vanguard Market Liquidity Fund and $2,227,000 is held in cash. |
CVR—Contingent Value Rights. | |
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 Russell 2000 Index | December 2021 | 284 | 31,251 | (68) |
Over-the-Counter Total Return Swaps | ||||||
Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid)1 (%) | Value and Unrealized Appreciation ($000) | Value and Unrealized (Depreciation) ($000) |
Bandwidth Inc. Class A | 8/31/22 | BOANA | 5,145 | (0.511) | — | (633) |
Beyond Meat Inc. | 8/31/22 | BOANA | 28,714 | (0.068) | — | (3,453) |
Elastic NV | 8/31/22 | BOANA | 6,382 | (0.069) | — | (423) |
Invitae Corp. | 8/31/22 | BOANA | 10,667 | (0.069) | — | (433) |
Middleby Corp. | 8/31/22 | BOANA | 5,122 | (0.069) | — | (348) |
Novocure Ltd. | 8/31/22 | BOANA | 24,158 | (0.068) | — | (3,248) |
— | (8,538) |
1 | Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
BOANA—Bank of America, N.A. |
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. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are
noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D. 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 September 30, 2021, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 36,724,179 | — | 1,011 | 36,725,190 |
Temporary Cash Investments | 612,334 | — | — | 612,334 |
Total | 37,336,513 | — | 1,011 | 37,337,524 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 68 | — | — | 68 |
Swap Contracts | — | 8,538 | — | 8,538 |
Total | 68 | 8,538 | — | 8,606 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |