Vanguard® Small-Cap Growth Index Fund
Schedule of Investments (unaudited)
As of March 31, 2022
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 (2.0%) | ||||||
Royal Gold Inc. | 992,214 | 140,180 | ||||
* | RBC Bearings Inc. | 437,156 | 84,756 | |||
*,1 | MP Materials Corp. | 1,346,209 | 77,192 | |||
* | Hexcel Corp. | 1,271,394 | 75,610 | |||
* | Livent Corp. | 2,445,992 | 63,767 | |||
Balchem Corp. | 438,490 | 59,942 | ||||
NewMarket Corp. | 117,534 | 38,126 | ||||
* | Ingevity Corp. | 590,436 | 37,829 | |||
Quaker Chemical Corp. | 203,260 | 35,125 | ||||
* | Century Aluminum Co. | 752,491 | 19,798 | |||
*,1 | Amyris Inc. | 2,786,569 | 12,149 | |||
* | Zymergen Inc. | 347,497 | 1,004 | |||
645,478 | ||||||
Consumer Discretionary (15.2%) | ||||||
* | Liberty Media Corp.-Liberty Formula One Class C | 2,932,705 | 204,820 | |||
* | Zynga Inc. Class A | 16,106,367 | 148,823 | |||
* | Five Below Inc. | 847,954 | 134,290 | |||
* | Floor & Decor Holdings Inc. Class A | 1,520,975 | 123,199 | |||
Pool Corp. | 288,079 | 121,814 | ||||
* | Bright Horizons Family Solutions Inc. | 913,823 | 121,255 | |||
Wyndham Hotels & Resorts Inc. | 1,397,111 | 118,321 | ||||
Churchill Downs Inc. | 518,943 | 115,091 | ||||
* | Deckers Outdoor Corp. | 412,308 | 112,878 | |||
Nexstar Media Group Inc. Class A | 587,983 | 110,823 | ||||
* | SiteOne Landscape Supply Inc. | 678,723 | 109,743 | |||
* | Penn National Gaming Inc. | 2,566,212 | 108,859 | |||
* | Planet Fitness Inc. Class A | 1,269,380 | 107,237 | |||
Gentex Corp. | 3,578,328 | 104,380 | ||||
* | RH | 259,907 | 84,753 | |||
* | Boyd Gaming Corp. | 1,275,312 | 83,890 | |||
Texas Roadhouse Inc. Class A | 1,001,408 | 83,848 | ||||
* | Skechers USA Inc. Class A | 2,041,720 | 83,221 | |||
* | Scientific Games Corp. | 1,387,913 | 81,540 | |||
* | Vail Resorts Inc. | 306,113 | 79,672 | |||
* | IAA Inc. | 2,041,002 | 78,068 | |||
Choice Hotels International Inc. | 547,189 | 77,570 | ||||
* | YETI Holdings Inc. | 1,261,308 | 75,653 | |||
Tempur Sealy International Inc. | 2,603,300 | 72,684 | ||||
* | Hilton Grand Vacations Inc. | 1,360,819 | 70,776 | |||
* | Chegg Inc. | 1,939,184 | 70,354 | |||
* | Hyatt Hotels Corp. Class A | 723,991 | 69,105 |
Shares | Market Value ($000) | |||||
* | Crocs Inc. | 879,995 | 67,232 | |||
* | Fox Factory Holding Corp. | 637,650 | 62,458 | |||
* | Peloton Interactive Inc. Class A | 2,178,625 | 57,559 | |||
* | SeaWorld Entertainment Inc. | 760,255 | 56,593 | |||
* | National Vision Holdings Inc. | 1,251,827 | 54,542 | |||
*,1 | Sonos Inc. | 1,931,292 | 54,501 | |||
Wingstop Inc. | 451,654 | 53,002 | ||||
*,1 | Luminar Technologies Inc. Class A | 3,345,126 | 52,284 | |||
* | Grand Canyon Education Inc. | 534,778 | 51,932 | |||
Papa John's International Inc. | 490,626 | 51,653 | ||||
* | Callaway Golf Co. | 2,111,679 | 49,456 | |||
Columbia Sportswear Co. | 536,918 | 48,607 | ||||
* | Six Flags Entertainment Corp. | 1,108,877 | 48,236 | |||
* | Visteon Corp. | 423,975 | 46,268 | |||
* | Madison Square Garden Sports Corp. | 253,513 | 45,470 | |||
* | Leslie's Inc. | 2,348,275 | 45,463 | |||
* | Skyline Champion Corp. | 817,109 | 44,843 | |||
* | TripAdvisor Inc. | 1,524,571 | 41,346 | |||
* | Ollie's Bargain Outlet Holdings Inc. | 907,804 | 38,999 | |||
* | Dorman Products Inc. | 406,026 | 38,585 | |||
* | Red Rock Resorts Inc. Class A | 788,319 | 38,281 | |||
* | Frontdoor Inc. | 1,281,804 | 38,262 | |||
* | Shake Shack Inc. Class A | 563,075 | 38,233 | |||
* | Allegiant Travel Co. | 233,127 | 37,857 | |||
LCI Industries | 363,449 | 37,730 | ||||
* | Coursera Inc. | 1,596,719 | 36,788 | |||
* | Gentherm Inc. | 499,876 | 36,511 | |||
Ralph Lauren Corp. | 315,215 | 35,758 | ||||
* | Madison Square Garden Entertainment Corp. | 414,247 | 34,511 | |||
* | Revolve Group Inc. Class A | 609,739 | 32,737 | |||
* | Figs Inc. Class A | 1,492,874 | 32,127 | |||
* | LGI Homes Inc. | 325,866 | 31,831 | |||
*,1 | QuantumScape Corp. Class A | 1,530,895 | 30,603 | |||
World Wrestling Entertainment Inc. Class A | 464,482 | 29,002 | ||||
* | Dave & Buster's Entertainment Inc. | 586,934 | 28,818 | |||
Jack in the Box Inc. | 303,001 | 28,303 | ||||
* | Overstock.com Inc. | 619,104 | 27,244 | |||
Levi Strauss & Co. Class A | 1,339,688 | 26,472 | ||||
* | iRobot Corp. | 409,622 | 25,970 | |||
* | ACV Auctions Inc. Class A | 1,641,503 | 24,311 | |||
* | Petco Health & Wellness Co. Inc. Class A | 1,203,103 | 23,545 | |||
Steven Madden Ltd. | 586,587 | 22,666 | ||||
* | Liberty Media Corp.-Liberty Formula One Class A | 355,143 | 22,420 | |||
Monro Inc. | 483,828 | 21,453 | ||||
* | Boot Barn Holdings Inc. | 225,123 | 21,339 | |||
*,1 | Fisker Inc. | 1,567,163 | 20,216 | |||
* | Driven Brands Holdings Inc. | 762,513 | 20,039 | |||
EW Scripps Co. Class A | 911,506 | 18,950 | ||||
*,1 | Dutch Bros Inc. Class A | 314,059 | 17,358 | |||
1 | Camping World Holdings Inc. Class A | 599,529 | 16,757 | |||
* | Mister Car Wash Inc. | 1,129,911 | 16,711 | |||
* | Sleep Number Corp. | 327,363 | 16,601 | |||
* | Cavco Industries Inc. | 66,216 | 15,948 | |||
*,1 | ContextLogic Inc. Class A | 7,021,118 | 15,798 | |||
* | 2U Inc. | 1,084,285 | 14,399 | |||
* | Sun Country Airlines Holdings Inc. | 479,572 | 12,555 | |||
* | Cardlytics Inc. | 225,564 | 12,402 | |||
*,1 | Corsair Gaming Inc. | 568,572 | 12,031 |
Shares | Market Value ($000) | |||||
* | Stitch Fix Inc. Class A | 1,192,626 | 12,010 | |||
Inter Parfums Inc. | 131,501 | 11,579 | ||||
* | Stride Inc. | 306,234 | 11,125 | |||
* | elf Beauty Inc. | 373,055 | 9,636 | |||
* | Dine Brands Global Inc. | 123,211 | 9,604 | |||
* | RealReal Inc. | 1,190,570 | 8,644 | |||
* | Latham Group Inc. | 641,770 | 8,497 | |||
* | Quotient Technology Inc. | 1,280,501 | 8,170 | |||
*,1 | Portillo's Inc. Class A | 303,359 | 7,450 | |||
*,1 | Sweetgreen Inc. Class A | 211,187 | 6,756 | |||
* | Poshmark Inc. Class A | 533,512 | 6,754 | |||
* | Angi Inc. Class A | 1,029,325 | 5,836 | |||
*,1 | ThredUp Inc. Class A | 747,877 | 5,759 | |||
*,1 | Canoo Inc. | 989,039 | 5,459 | |||
*,1 | Dream Finders Homes Inc. Class A | 291,948 | 4,986 | |||
* | Integral Ad Science Holding Corp. | 347,875 | 4,801 | |||
* | Sciplay Corp. Class A | 351,169 | 4,537 | |||
* | Janus International Group Inc. | 496,516 | 4,469 | |||
*,1 | Traeger Inc. | 442,600 | 3,293 | |||
*,1 | Frontier Group Holdings Inc. | 245,308 | 2,779 | |||
* | Rush Street Interactive Inc. | 379,406 | 2,758 | |||
* | Vizio Holding Corp. Class A | 292,177 | 2,597 | |||
* | Selectquote Inc. | 927,935 | 2,589 | |||
* | Bowlero Corp. | 212,419 | 2,262 | |||
* | Allbirds Inc. Class A | 297,179 | 1,786 | |||
* | Arhaus Inc. Class A | 197,623 | 1,682 | |||
*,1 | Solo Brands Inc. Class A | 185,082 | 1,579 | |||
*,1 | Weber Inc. Class A | 158,523 | 1,558 | |||
* | Brilliant Earth Group Inc. Class A | 128,733 | 1,325 | |||
*,1 | XL Fleet Corp. | 420,374 | 837 | |||
*,1 | Revlon Inc. Class A | 60,705 | 490 | |||
Cracker Barrel Old Country Store Inc. | 224 | 27 | ||||
Strategic Education Inc. | 210 | 14 | ||||
* | Life Time Group Holdings Inc. | 369 | 5 | |||
* | Udemy Inc. | 131 | 2 | |||
4,895,888 | ||||||
Consumer Staples (2.8%) | ||||||
* | Darling Ingredients Inc. | 2,449,189 | 196,866 | |||
Casey's General Stores Inc. | 561,717 | 111,315 | ||||
* | Freshpet Inc. | 624,086 | 64,056 | |||
* | Post Holdings Inc. | 838,702 | 58,088 | |||
* | Boston Beer Co. Inc. Class A | 139,334 | 54,127 | |||
* | Simply Good Foods Co. | 1,236,857 | 46,939 | |||
* | BellRing Brands Inc. | 1,652,211 | 38,133 | |||
WD-40 Co. | 207,329 | 37,989 | ||||
Coca-Cola Consolidated Inc. | 70,281 | 34,919 | ||||
* | Cal-Maine Foods Inc. | 600,639 | 33,167 | |||
* | Celsius Holdings Inc. | 567,105 | 31,293 | |||
Sanderson Farms Inc. | 160,657 | 30,122 | ||||
*,1 | Beyond Meat Inc. | 622,939 | 30,094 | |||
Medifast Inc. | 166,161 | 28,377 | ||||
J & J Snack Foods Corp. | 173,824 | 26,960 | ||||
Lancaster Colony Corp. | 146,266 | 21,815 | ||||
National Beverage Corp. | 351,518 | 15,291 | ||||
* | USANA Health Sciences Inc. | 175,953 | 13,979 | |||
* | Beauty Health Co. | 732,808 | 12,370 | |||
* | Hydrofarm Holdings Group Inc. | 536,558 | 8,129 | |||
Utz Brands Inc. | 497,344 | 7,351 |
Shares | Market Value ($000) | |||||
* | Sovos Brands Inc. | 380,025 | 5,389 | |||
* | Vital Farms Inc. | 242,936 | 3,003 | |||
* | Honest Co. Inc. | 375,983 | 1,959 | |||
* | AppHarvest Inc. | 310 | 2 | |||
911,733 | ||||||
Energy (3.7%) | ||||||
Coterra Energy Inc. | 5,848,989 | 157,747 | ||||
Texas Pacific Land Corp. | 93,800 | 126,828 | ||||
PDC Energy Inc. | 1,473,884 | 107,122 | ||||
Matador Resources Co. | 1,694,686 | 89,784 | ||||
* | ChampionX Corp. | 3,071,496 | 75,190 | |||
*,1 | ChargePoint Holdings Inc. | 3,507,971 | 69,738 | |||
* | Denbury Inc. | 720,842 | 56,637 | |||
Magnolia Oil & Gas Corp. Class A | 2,363,623 | 55,900 | ||||
Cactus Inc. Class A | 892,248 | 50,626 | ||||
New Fortress Energy Inc. Class A | 1,096,154 | 46,707 | ||||
Civitas Resources Inc. | 770,592 | 46,012 | ||||
* | Ameresco Inc. Class A | 457,288 | 36,354 | |||
SM Energy Co. | 919,303 | 35,807 | ||||
Enviva Inc. | 450,118 | 35,627 | ||||
*,1 | FuelCell Energy Inc. | 5,274,010 | 30,378 | |||
* | Liberty Oilfield Services Inc. Class A | 1,809,492 | 26,817 | |||
* | Array Technologies Inc. | 2,143,184 | 24,154 | |||
* | Oceaneering International Inc. | 1,513,958 | 22,952 | |||
* | Callon Petroleum Co. | 373,177 | 22,047 | |||
* | Dril-Quip Inc. | 528,786 | 19,750 | |||
* | NexTier Oilfield Solutions Inc. | 1,561,106 | 14,425 | |||
* | Shoals Technologies Group Inc. Class A | 785,833 | 13,391 | |||
* | Stem Inc. | 1,099,407 | 12,104 | |||
*,1 | EVgo Inc. | 517,369 | 6,653 | |||
* | RPC Inc. | 568,071 | 6,061 | |||
* | Helix Energy Solutions Group Inc. | 1,084,850 | 5,186 | |||
* | Fluence Energy Inc. Class A | 224,297 | 2,941 | |||
1,196,938 | ||||||
Financials (5.4%) | ||||||
*,1 | Robinhood Markets Inc. Class A | 8,401,990 | 113,511 | |||
*,1 | Upstart Holdings Inc. | 1,017,856 | 111,038 | |||
Morningstar Inc. | 391,282 | 106,887 | ||||
Pinnacle Financial Partners Inc. | 1,094,346 | 100,767 | ||||
Ares Management Corp. Class A | 1,141,577 | 92,730 | ||||
* | Alleghany Corp. | 97,196 | 82,325 | |||
Blue Owl Capital Inc. Class A | 6,129,267 | 77,719 | ||||
Kinsale Capital Group Inc. | 328,083 | 74,809 | ||||
ServisFirst Bancshares Inc. | 738,750 | 70,395 | ||||
* | Silvergate Capital Corp. Class A | 453,917 | 68,346 | |||
Erie Indemnity Co. Class A | 384,547 | 67,730 | ||||
Western Alliance Bancorp | 766,350 | 63,469 | ||||
* | Credit Acceptance Corp. | 106,796 | 58,777 | |||
Virtu Financial Inc. Class A | 1,563,657 | 58,199 | ||||
* | Trupanion Inc. | 551,869 | 49,183 | |||
Ameris Bancorp | 1,001,711 | 43,955 | ||||
*,1 | Marathon Digital Holdings Inc. | 1,475,865 | 41,250 | |||
*,1 | SoFi Technologies Inc. | 4,275,158 | 40,400 | |||
Hamilton Lane Inc. Class A | 478,573 | 36,989 | ||||
*,1 | Riot Blockchain Inc. | 1,676,604 | 35,494 | |||
* | Focus Financial Partners Inc. Class A | 741,513 | 33,917 | |||
Houlihan Lokey Inc. Class A | 383,307 | 33,654 |
Shares | Market Value ($000) | |||||
Cohen & Steers Inc. | 365,527 | 31,395 | ||||
* | Open Lending Corp. Class A | 1,529,116 | 28,916 | |||
StepStone Group Inc. Class A | 783,265 | 25,895 | ||||
Goosehead Insurance Inc. Class A | 275,974 | 21,683 | ||||
* | LendingTree Inc. | 172,161 | 20,603 | |||
*,1 | Oscar Health Inc. Class A | 1,864,447 | 18,589 | |||
* | Triumph Bancorp Inc. | 181,800 | 17,093 | |||
* | TPG Inc. Class A | 538,456 | 16,229 | |||
*,1 | Lemonade Inc. | 563,371 | 14,856 | |||
TFS Financial Corp. | 846,427 | 14,051 | ||||
Live Oak Bancshares Inc. | 243,528 | 12,393 | ||||
* | Palomar Holdings Inc. | 182,002 | 11,646 | |||
PJT Partners Inc. Class A | 164,545 | 10,386 | ||||
*,1 | Clearwater Analytics Holdings Inc. Class A | 463,851 | 9,741 | |||
* | BRP Group Inc. Class A | 300,918 | 8,074 | |||
* | P10 Inc. Class A | 301,106 | 3,649 | |||
* | AssetMark Financial Holdings Inc. | 138,506 | 3,082 | |||
*,1 | Root Inc. Class A | 873,893 | 1,722 | |||
*,1 | Hagerty Inc. Class A | 93,536 | 1,009 | |||
*,1 | Bakkt Holdings Inc. | 150,474 | 927 | |||
*,1 | GoHealth Inc. Class A | 519,375 | 613 | |||
*,1 | Romeo Power Inc. | 354,224 | 528 | |||
Pacific Premier Bancorp Inc. | 898 | 32 | ||||
* | eHealth Inc. | 200 | 2 | |||
* | MetroMile Inc. | 393 | 1 | |||
Goldman Sachs Group Inc. | 1 | — | ||||
1,734,659 | ||||||
Health Care (19.8%) | ||||||
Bio-Techne Corp. | 594,704 | 257,531 | ||||
* | Repligen Corp. | 795,654 | 149,655 | |||
* | Neurocrine Biosciences Inc. | 1,441,574 | 135,148 | |||
* | Syneos Health Inc. | 1,577,614 | 127,708 | |||
* | Penumbra Inc. | 541,555 | 120,296 | |||
Chemed Corp. | 233,040 | 118,046 | ||||
* | Tandem Diabetes Care Inc. | 966,805 | 112,430 | |||
* | Masimo Corp. | 754,247 | 109,773 | |||
* | Exelixis Inc. | 4,835,496 | 109,621 | |||
* | Charles River Laboratories International Inc. | 382,072 | 108,497 | |||
* | Shockwave Medical Inc. | 507,695 | 105,276 | |||
Bruker Corp. | 1,606,991 | 103,330 | ||||
* | Inspire Medical Systems Inc. | 395,935 | 101,633 | |||
* | Sarepta Therapeutics Inc. | 1,252,231 | 97,824 | |||
* | Guardant Health Inc. | 1,465,079 | 97,047 | |||
* | Novocure Ltd. | 1,163,660 | 96,409 | |||
* | Globus Medical Inc. Class A | 1,197,905 | 88,381 | |||
* | Omnicell Inc. | 665,192 | 86,136 | |||
* | HealthEquity Inc. | 1,265,596 | 85,352 | |||
* | Amedisys Inc. | 492,403 | 84,836 | |||
* | Halozyme Therapeutics Inc. | 2,084,209 | 83,118 | |||
* | Intra-Cellular Therapies Inc. | 1,257,857 | 76,968 | |||
* | LHC Group Inc. | 455,728 | 76,836 | |||
* | ICU Medical Inc. | 341,336 | 75,995 | |||
* | Intellia Therapeutics Inc. | 1,017,412 | 73,935 | |||
* | Ultragenyx Pharmaceutical Inc. | 997,999 | 72,475 | |||
Ensign Group Inc. | 792,365 | 71,321 | ||||
* | Medpace Holdings Inc. | 426,658 | 69,797 | |||
* | Arrowhead Pharmaceuticals Inc. | 1,516,869 | 69,761 | |||
* | Integra LifeSciences Holdings Corp. | 1,071,109 | 68,829 |
Shares | Market Value ($000) | |||||
* | Apellis Pharmaceuticals Inc. | 1,353,426 | 68,768 | |||
* | Ionis Pharmaceuticals Inc. | 1,817,296 | 67,313 | |||
* | iRhythm Technologies Inc. | 423,181 | 66,638 | |||
* | Doximity Inc. Class A | 1,275,234 | 66,427 | |||
CONMED Corp. | 445,258 | 66,143 | ||||
* | Alkermes plc | 2,451,932 | 64,510 | |||
* | Option Care Health Inc. | 2,179,090 | 62,235 | |||
* | Quidel Corp. | 537,552 | 60,453 | |||
* | Maravai LifeSciences Holdings Inc. Class A | 1,691,410 | 59,656 | |||
* | STAAR Surgical Co. | 723,002 | 57,775 | |||
* | Blueprint Medicines Corp. | 896,455 | 57,266 | |||
* | R1 RCM Inc. | 2,105,929 | 56,355 | |||
* | Inari Medical Inc. | 597,446 | 54,153 | |||
* | Merit Medical Systems Inc. | 812,119 | 54,022 | |||
* | Progyny Inc. | 1,035,912 | 53,246 | |||
* | Natera Inc. | 1,300,890 | 52,920 | |||
* | Neogen Corp. | 1,631,834 | 50,326 | |||
* | Haemonetics Corp. | 773,905 | 48,926 | |||
* | Pacira BioSciences Inc. | 640,507 | 48,884 | |||
* | 10X Genomics Inc. Class A | 635,696 | 48,357 | |||
* | Fate Therapeutics Inc. | 1,229,120 | 47,653 | |||
* | NuVasive Inc. | 784,060 | 44,456 | |||
* | Cytokinetics Inc. | 1,206,506 | 44,412 | |||
* | Beam Therapeutics Inc. | 773,742 | 44,335 | |||
* | ACADIA Pharmaceuticals Inc. | 1,825,322 | 44,209 | |||
* | Oak Street Health Inc. | 1,641,459 | 44,122 | |||
* | AtriCure Inc. | 662,278 | 43,492 | |||
* | Arvinas Inc. | 640,413 | 43,100 | |||
* | Insmed Inc. | 1,800,940 | 42,322 | |||
* | Denali Therapeutics Inc. | 1,294,699 | 41,650 | |||
* | PTC Therapeutics Inc. | 1,080,789 | 40,324 | |||
* | Amicus Therapeutics Inc. | 4,239,846 | 40,151 | |||
* | Evolent Health Inc. Class A | 1,237,888 | 39,984 | |||
* | Glaukos Corp. | 675,654 | 39,066 | |||
* | Twist Bioscience Corp. | 762,727 | 37,663 | |||
* | Nevro Corp. | 504,241 | 36,472 | |||
* | Certara Inc. | 1,668,218 | 35,833 | |||
* | Global Blood Therapeutics Inc. | 981,537 | 34,000 | |||
* | Surgery Partners Inc. | 608,755 | 33,512 | |||
* | Ortho Clinical Diagnostics Holdings plc | 1,795,631 | 33,506 | |||
* | Outset Medical Inc. | 717,941 | 32,595 | |||
* | Sotera Health Co. | 1,499,884 | 32,488 | |||
*,1 | Warby Parker Inc. Class A | 926,418 | 31,322 | |||
* | Corcept Therapeutics Inc. | 1,363,839 | 30,714 | |||
* | Vir Biotechnology Inc. | 1,189,580 | 30,596 | |||
* | Veracyte Inc. | 1,076,210 | 29,671 | |||
* | Relay Therapeutics Inc. | 984,226 | 29,458 | |||
* | Emergent BioSolutions Inc. | 692,781 | 28,446 | |||
* | SpringWorks Therapeutics Inc. | 485,794 | 27,418 | |||
* | Cerevel Therapeutics Holdings Inc. | 781,161 | 27,348 | |||
* | Ligand Pharmaceuticals Inc. | 240,603 | 27,065 | |||
* | Lantheus Holdings Inc. | 487,435 | 26,960 | |||
* | Adaptive Biotechnologies Corp. | 1,932,081 | 26,817 | |||
* | CareDx Inc. | 723,293 | 26,755 | |||
* | Apollo Medical Holdings Inc. | 547,267 | 26,526 | |||
* | 1Life Healthcare Inc. | 2,330,746 | 25,825 | |||
* | Ironwood Pharmaceuticals Inc. Class A | 2,051,852 | 25,812 | |||
* | REVOLUTION Medicines Inc. | 1,005,792 | 25,658 |
Shares | Market Value ($000) | |||||
* | Sage Therapeutics Inc. | 761,069 | 25,191 | |||
* | CorVel Corp. | 146,975 | 24,756 | |||
* | Xencor Inc. | 900,166 | 24,016 | |||
* | Zentalis Pharmaceuticals Inc. | 518,146 | 23,907 | |||
* | Invitae Corp. | 2,899,676 | 23,110 | |||
* | BioCryst Pharmaceuticals Inc. | 1,363,433 | 22,169 | |||
* | NeoGenomics Inc. | 1,772,051 | 21,530 | |||
* | ChemoCentryx Inc. | 850,719 | 21,328 | |||
* | Editas Medicine Inc. | 1,040,860 | 19,797 | |||
* | Silk Road Medical Inc. | 477,356 | 19,710 | |||
* | Harmony Biosciences Holdings Inc. | 399,650 | 19,443 | |||
* | TG Therapeutics Inc. | 1,953,935 | 18,582 | |||
* | Innoviva Inc. | 950,533 | 18,393 | |||
* | REGENXBIO Inc. | 552,776 | 18,347 | |||
* | AdaptHealth Corp. Class A | 1,105,328 | 17,718 | |||
* | Health Catalyst Inc. | 672,970 | 17,585 | |||
* | Privia Health Group Inc. | 646,406 | 17,278 | |||
* | Axonics Inc. | 261,607 | 16,377 | |||
* | FibroGen Inc. | 1,269,469 | 15,259 | |||
* | Nektar Therapeutics | 2,808,028 | 15,135 | |||
* | Vaxcyte Inc. | 624,724 | 15,087 | |||
* | Accolade Inc. | 807,019 | 14,171 | |||
* | Cytek Biosciences Inc. | 1,207,813 | 13,020 | |||
* | Alignment Healthcare Inc. | 1,128,433 | 12,672 | |||
* | Supernus Pharmaceuticals Inc. | 380,575 | 12,300 | |||
* | Agios Pharmaceuticals Inc. | 411,581 | 11,981 | |||
* | NanoString Technologies Inc. | 343,908 | 11,951 | |||
* | Arcus Biosciences Inc. | 374,732 | 11,827 | |||
* | American Well Corp. Class A | 2,741,851 | 11,543 | |||
* | Alector Inc. | 803,526 | 11,450 | |||
*,1 | LifeStance Health Group Inc. | 1,126,682 | 11,391 | |||
* | Seer Inc. Class A | 730,261 | 11,129 | |||
*,1 | Sana Biotechnology Inc. | 1,280,214 | 10,575 | |||
* | Inogen Inc. | 325,410 | 10,550 | |||
* | Agiliti Inc. | 492,091 | 10,383 | |||
* | Pulmonx Corp. | 416,238 | 10,327 | |||
* | GoodRx Holdings Inc. Class A | 516,062 | 9,976 | |||
* | PMV Pharmaceuticals Inc. | 478,552 | 9,963 | |||
* | Allogene Therapeutics Inc. | 1,075,374 | 9,797 | |||
* | OPKO Health Inc. | 2,822,871 | 9,711 | |||
*,1 | Definitive Healthcare Corp. Class A | 373,901 | 9,217 | |||
* | Phreesia Inc. | 347,404 | 9,158 | |||
* | Verve Therapeutics Inc. | 398,942 | 9,104 | |||
*,1 | Heron Therapeutics Inc. | 1,535,738 | 8,784 | |||
*,1 | Recursion Pharmaceuticals Inc. Class A | 1,201,600 | 8,603 | |||
* | Theravance Biopharma Inc. | 888,316 | 8,492 | |||
* | Instil Bio Inc. | 776,997 | 8,353 | |||
* | Treace Medical Concepts Inc. | 440,571 | 8,331 | |||
*,1 | Lyell Immunopharma Inc. | 1,628,722 | 8,225 | |||
* | Gossamer Bio Inc. | 921,557 | 7,999 | |||
* | Clover Health Investments Corp. Class A | 2,240,584 | 7,954 | |||
*,1 | Monte Rosa Therapeutics Inc. | 560,037 | 7,852 | |||
*,1 | Erasca Inc. | 912,577 | 7,848 | |||
* | HealthStream Inc. | 380,403 | 7,578 | |||
* | AnaptysBio Inc. | 291,543 | 7,213 | |||
* | Signify Health Inc. Class A | 385,142 | 6,990 | |||
*,1 | ImmunityBio Inc. | 1,198,652 | 6,724 | |||
* | Cano Health Inc. | 1,019,180 | 6,472 |
Shares | Market Value ($000) | |||||
* | Atara Biotherapeutics Inc. | 632,725 | 5,878 | |||
*,1 | 23andMe Holding Co. | 1,509,728 | 5,782 | |||
* | Nuvation Bio Inc. | 1,066,176 | 5,608 | |||
* | Sangamo Therapeutics Inc. | 941,160 | 5,468 | |||
*,1 | Design Therapeutics Inc. | 335,454 | 5,418 | |||
*,1 | Ginkgo Bioworks Holdings Inc. | 1,341,579 | 5,407 | |||
* | Rocket Pharmaceuticals Inc. | 339,795 | 5,389 | |||
*,1 | Absci Corp. | 627,223 | 5,288 | |||
*,1 | Butterfly Network Inc. | 1,093,838 | 5,207 | |||
* | Phathom Pharmaceuticals Inc. | 331,287 | 4,509 | |||
*,1 | SmileDirectClub Inc. Class A | 1,615,543 | 4,184 | |||
* | Cullinan Oncology Inc. | 394,868 | 4,134 | |||
* | Hims & Hers Health Inc. | 741,060 | 3,950 | |||
* | Pennant Group Inc. | 193,297 | 3,601 | |||
*,1 | PROCEPT BioRobotics Corp. | 98,233 | 3,437 | |||
* | Natus Medical Inc. | 128,623 | 3,380 | |||
* | Radius Health Inc. | 339,573 | 2,998 | |||
* | Berkeley Lights Inc. | 381,696 | 2,714 | |||
* | Bluebird Bio Inc. | 528,656 | 2,564 | |||
* | Generation Bio Co. | 343,641 | 2,522 | |||
* | Aveanna Healthcare Holdings Inc. | 693,531 | 2,365 | |||
*,1 | Adagio Therapeutics Inc. | 502,362 | 2,291 | |||
* | Kronos Bio Inc. | 276,177 | 1,997 | |||
*,1 | Innovage Holding Corp. | 301,667 | 1,937 | |||
*,1 | P3 Health Partners Inc. | 241,681 | 1,890 | |||
* | Kinnate Biopharma Inc. | 164,700 | 1,855 | |||
* | Singular Genomics Systems Inc. | 271,614 | 1,714 | |||
* | Allakos Inc. | 286,566 | 1,633 | |||
* | Precigen Inc. | 701,325 | 1,480 | |||
*,1 | Amylyx Pharmaceuticals Inc. | 84,961 | 1,092 | |||
* | BioAtla Inc. | 199,800 | 999 | |||
* | Prelude Therapeutics Inc. | 94,403 | 651 | |||
*,1 | Cue Health Inc. | 9,658 | 62 | |||
* | Aerie Pharmaceuticals Inc. | 428 | 4 | |||
* | Deciphera Pharmaceuticals Inc. | 391 | 4 | |||
* | 2seventy bio Inc. | 224 | 4 | |||
* | Epizyme Inc. | 1,299 | 2 | |||
* | Rubius Therapeutics Inc. | 428 | 2 | |||
* | Nkarta Inc. | 128 | 1 | |||
* | Eargo Inc. | 224 | 1 | |||
* | Olema Pharmaceuticals Inc. | 306 | 1 | |||
* | Vor BioPharma Inc. | 142 | 1 | |||
6,401,829 | ||||||
Industrials (17.5%) | ||||||
* | Fair Isaac Corp. | 397,753 | 185,536 | |||
Nordson Corp. | 792,551 | 179,972 | ||||
Graco Inc. | 2,578,253 | 179,756 | ||||
Watsco Inc. | 499,781 | 152,253 | ||||
Toro Co. | 1,587,878 | 135,748 | ||||
* | Axon Enterprise Inc. | 984,584 | 135,607 | |||
* | WillScot Mobile Mini Holdings Corp. | 3,377,403 | 132,158 | |||
Lennox International Inc. | 499,034 | 128,681 | ||||
A O Smith Corp. | 1,988,888 | 127,070 | ||||
MKS Instruments Inc. | 839,433 | 125,915 | ||||
Genpact Ltd. | 2,804,842 | 122,039 | ||||
* | WEX Inc. | 678,429 | 121,066 | |||
* | Paylocity Holding Corp. | 583,935 | 120,156 | |||
* | Berry Global Group Inc. | 2,045,255 | 118,543 |
Shares | Market Value ($000) | |||||
* | Trex Co. Inc. | 1,742,572 | 113,842 | |||
* | GXO Logistics Inc. | 1,562,756 | 111,487 | |||
Advanced Drainage Systems Inc. | 925,330 | 109,938 | ||||
Jack Henry & Associates Inc. | 551,006 | 108,576 | ||||
* | Coherent Inc. | 374,850 | 102,469 | |||
* | Saia Inc. | 399,622 | 97,436 | |||
Cognex Corp. | 1,250,649 | 96,488 | ||||
* | Euronet Worldwide Inc. | 735,625 | 95,742 | |||
* | Chart Industries Inc. | 553,996 | 95,160 | |||
Littelfuse Inc. | 373,801 | 93,230 | ||||
* | TopBuild Corp. | 498,374 | 90,400 | |||
* | ASGN Inc. | 749,136 | 87,432 | |||
Exponent Inc. | 788,801 | 85,230 | ||||
Landstar System Inc. | 564,267 | 85,108 | ||||
Eagle Materials Inc. | 597,800 | 76,734 | ||||
BWX Technologies Inc. | 1,383,251 | 74,502 | ||||
* | AMN Healthcare Services Inc. | 705,973 | 73,654 | |||
Simpson Manufacturing Co. Inc. | 657,563 | 71,701 | ||||
Maximus Inc. | 937,221 | 70,245 | ||||
* | ExlService Holdings Inc. | 478,640 | 68,575 | |||
* | Middleby Corp. | 392,872 | 64,407 | |||
Armstrong World Industries Inc. | 712,661 | 64,147 | ||||
* | Herc Holdings Inc. | 382,103 | 63,846 | |||
John Bean Technologies Corp. | 480,971 | 56,981 | ||||
Woodward Inc. | 453,457 | 56,641 | ||||
*,1 | TriNet Group Inc. | 565,146 | 55,588 | |||
Insperity Inc. | 551,199 | 55,351 | ||||
* | ACI Worldwide Inc. | 1,741,811 | 54,850 | |||
* | Mercury Systems Inc. | 816,081 | 52,596 | |||
Franklin Electric Co. Inc. | 597,739 | 49,636 | ||||
* | Bloom Energy Corp. Class A | 2,012,906 | 48,612 | |||
* | Welbilt Inc. | 1,937,730 | 46,021 | |||
* | Shift4 Payments Inc. Class A | 741,030 | 45,892 | |||
Aerojet Rocketdyne Holdings Inc. | 1,157,809 | 45,560 | ||||
Badger Meter Inc. | 442,984 | 44,170 | ||||
Curtiss-Wright Corp. | 290,730 | 43,656 | ||||
* | AZEK Co. Inc. Class A | 1,643,244 | 40,818 | |||
Forward Air Corp. | 408,187 | 39,912 | ||||
* | Kratos Defense & Security Solutions Inc. | 1,886,871 | 38,643 | |||
* | Air Transport Services Group Inc. | 1,123,318 | 37,575 | |||
* | Verra Mobility Corp. Class A | 2,244,175 | 36,535 | |||
Installed Building Products Inc. | 428,173 | 36,176 | ||||
* | Itron Inc. | 685,788 | 36,127 | |||
Helios Technologies Inc. | 441,645 | 35,442 | ||||
AAON Inc. | 635,246 | 35,402 | ||||
* | AeroVironment Inc. | 356,860 | 33,595 | |||
*,1 | Nikola Corp. | 3,134,037 | 33,565 | |||
* | Masonite International Corp. | 352,189 | 31,324 | |||
Mueller Water Products Inc. Class A | 2,376,328 | 30,702 | ||||
* | Flywire Corp. | 972,274 | 29,732 | |||
*,1 | Virgin Galactic Holdings Inc. | 2,933,901 | 28,987 | |||
Lindsay Corp. | 166,357 | 26,120 | ||||
* | Vicor Corp. | 340,101 | 23,994 | |||
*,1 | TuSimple Holdings Inc. Class A | 1,953,281 | 23,830 | |||
* | Hayward Holdings Inc. | 1,408,360 | 23,407 | |||
Comfort Systems USA Inc. | 259,158 | 23,068 | ||||
* | Proto Labs Inc. | 416,817 | 22,050 | |||
Tennant Co. | 267,175 | 21,053 |
Shares | Market Value ($000) | |||||
* | Dycom Industries Inc. | 217,649 | 20,733 | |||
Maxar Technologies Inc. | 525,238 | 20,726 | ||||
*,1 | Legalzoom.com Inc. | 1,345,560 | 19,026 | |||
* | Core & Main Inc. Class A | 764,244 | 18,487 | |||
* | Evo Payments Inc. Class A | 721,925 | 16,669 | |||
*,1 | Rocket Lab USA Inc. | 2,054,229 | 16,536 | |||
* | TaskUS Inc. Class A | 410,685 | 15,795 | |||
*,1 | Desktop Metal Inc. Class A | 3,290,363 | 15,596 | |||
* | Cimpress plc | 238,496 | 15,166 | |||
* | FARO Technologies Inc. | 274,287 | 14,241 | |||
* | CryoPort Inc. | 371,009 | 12,952 | |||
* | Proterra Inc. | 1,478,509 | 11,118 | |||
* | Gibraltar Industries Inc. | 246,334 | 10,580 | |||
* | Payoneer Global Inc. | 2,295,014 | 10,236 | |||
Enerpac Tool Group Corp. Class A | 454,399 | 9,947 | ||||
*,1 | PureCycle Technologies Inc. | 1,224,439 | 9,795 | |||
* | Forrester Research Inc. | 173,314 | 9,778 | |||
* | Hillman Solutions Corp. | 776,580 | 9,226 | |||
* | CS Disco Inc. | 260,402 | 8,846 | |||
* | Ranpak Holdings Corp. Class A | 325,159 | 6,643 | |||
*,1 | Sterling Check Corp. | 216,350 | 5,718 | |||
Gorman-Rupp Co. | 157,187 | 5,640 | ||||
* | BTRS Holdings Inc. | 752,512 | 5,629 | |||
*,1 | Joby Aviation Inc. | 795,405 | 5,266 | |||
* | Mirion Technologies Inc. | 601,037 | 4,850 | |||
* | Paymentus Holdings Inc. Class A | 222,387 | 4,688 | |||
* | Thermon Group Holdings Inc. | 251,055 | 4,067 | |||
* | Hyliion Holdings Corp. | 915,123 | 4,054 | |||
*,1 | Danimer Scientific Inc. | 643,335 | 3,770 | |||
*,1 | Latch Inc. | 749,815 | 3,202 | |||
*,1 | Velo3D Inc. | 275,197 | 2,562 | |||
* | Enovix Corp. | 164,083 | 2,341 | |||
* | Aurora Innovation Inc. | 362,716 | 2,028 | |||
* | View Inc. | 157,823 | 290 | |||
* | Remitly Global Inc. | 777 | 8 | |||
Pactiv Evergreen Inc. | 337 | 3 | ||||
5,634,672 | ||||||
Real Estate (8.5%) | ||||||
Equity LifeStyle Properties Inc. | 2,532,695 | 193,701 | ||||
American Homes 4 Rent Class A | 4,635,533 | 185,560 | ||||
Rexford Industrial Realty Inc. | 2,428,823 | 181,166 | ||||
CubeSmart | 3,311,494 | 172,297 | ||||
American Campus Communities Inc. | 2,106,217 | 117,885 | ||||
Americold Realty Trust | 4,038,930 | 112,605 | ||||
STAG Industrial Inc. | 2,693,378 | 111,371 | ||||
STORE Capital Corp. | 3,729,973 | 109,027 | ||||
* | Host Hotels & Resorts Inc. | 5,404,855 | 105,016 | |||
Healthcare Trust of America Inc. Class A | 3,341,644 | 104,727 | ||||
Spirit Realty Capital Inc. | 1,933,772 | 88,992 | ||||
Terreno Realty Corp. | 1,142,939 | 84,635 | ||||
Innovative Industrial Properties Inc. | 387,897 | 79,674 | ||||
National Storage Affiliates Trust | 1,242,026 | 77,950 | ||||
Lamar Advertising Co. Class A | 657,119 | 76,344 | ||||
Kite Realty Group Trust | 3,314,910 | 75,481 | ||||
* | Ryman Hospitality Properties Inc. | 792,142 | 73,487 | |||
Kilroy Realty Corp. | 883,472 | 67,515 | ||||
* | Howard Hughes Corp. | 626,214 | 64,882 | |||
Apartment Income REIT Corp. | 1,185,839 | 63,395 |
Shares | Market Value ($000) | |||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 1,294,732 | 61,409 | ||||
PS Business Parks Inc. | 313,513 | 52,695 | ||||
Broadstone Net Lease Inc. | 2,351,689 | 51,220 | ||||
Uniti Group Inc. | 3,573,702 | 49,174 | ||||
Essential Properties Realty Trust Inc. | 1,901,418 | 48,106 | ||||
1 | Independence Realty Trust Inc. | 1,671,415 | 44,192 | |||
Paramount Group Inc. | 2,823,036 | 30,799 | ||||
* | Opendoor Technologies Inc. | 3,521,160 | 30,458 | |||
Phillips Edison & Co. Inc. | 858,091 | 29,510 | ||||
St. Joe Co. | 490,722 | 29,070 | ||||
* | Redfin Corp. | 1,531,426 | 27,627 | |||
Pebblebrook Hotel Trust | 997,390 | 24,416 | ||||
eXp World Holdings Inc. | 1,015,530 | 21,499 | ||||
* | Marcus & Millichap Inc. | 388,847 | 20,485 | |||
RLJ Lodging Trust | 1,264,235 | 17,800 | ||||
Safehold Inc. | 279,653 | 15,507 | ||||
CareTrust REIT Inc. | 731,123 | 14,111 | ||||
Universal Health Realty Income Trust | 186,922 | 10,911 | ||||
Alexander's Inc. | 15,386 | 3,942 | ||||
*,1 | Offerpad Solutions Inc. | 327,603 | 1,648 | |||
Regency Centers Corp. | 815 | 58 | ||||
* | Bridge Investment Group Holdings Inc. Class A | 179 | 4 | |||
2,730,351 | ||||||
Technology (21.4%) | ||||||
Entegris Inc. | 2,051,134 | 269,232 | ||||
* | Wolfspeed Inc. | 1,882,485 | 214,340 | |||
* | PTC Inc. | 1,593,102 | 171,609 | |||
* | Aspen Technology Inc. | 1,008,998 | 166,858 | |||
* | Pure Storage Inc. Class A | 4,169,525 | 147,226 | |||
* | Dynatrace Inc. | 3,027,648 | 142,602 | |||
* | Ceridian HCM Holding Inc. | 2,070,643 | 141,549 | |||
* | Anaplan Inc. | 2,123,322 | 138,122 | |||
* | Manhattan Associates Inc. | 955,860 | 132,587 | |||
* | Lattice Semiconductor Corp. | 2,084,127 | 127,028 | |||
* | Avalara Inc. | 1,258,128 | 125,196 | |||
* | Guidewire Software Inc. | 1,260,990 | 119,315 | |||
*,1 | II-VI Inc. | 1,609,534 | 116,675 | |||
Universal Display Corp. | 697,386 | 116,429 | ||||
* | Five9 Inc. | 1,030,028 | 113,715 | |||
* | Zendesk Inc. | 922,282 | 110,941 | |||
* | Smartsheet Inc. Class A | 1,822,775 | 99,852 | |||
* | Elastic NV | 1,091,359 | 97,076 | |||
Azenta Inc. | 1,134,076 | 93,992 | ||||
* | Rapid7 Inc. | 835,113 | 92,898 | |||
* | Tenable Holdings Inc. | 1,544,880 | 89,279 | |||
* | Nutanix Inc. Class A | 3,284,855 | 88,100 | |||
* | Silicon Laboratories Inc. | 578,253 | 86,854 | |||
CMC Materials Inc. | 432,518 | 80,189 | ||||
Power Integrations Inc. | 850,651 | 78,838 | ||||
Dolby Laboratories Inc. Class A | 994,746 | 77,809 | ||||
* | Rogers Corp. | 284,456 | 77,287 | |||
* | Workiva Inc. Class A | 654,849 | 77,272 | |||
* | Mandiant Corp. | 3,450,829 | 76,988 | |||
* | Qualys Inc. | 531,631 | 75,710 | |||
* | Varonis Systems Inc. | 1,546,280 | 73,510 | |||
National Instruments Corp. | 1,799,150 | 73,027 | ||||
* | Novanta Inc. | 512,069 | 72,862 | |||
* | Sailpoint Technologies Holdings Inc. | 1,411,778 | 72,255 |
Shares | Market Value ($000) | |||||
* | SPS Commerce Inc. | 545,027 | 71,508 | |||
*,1 | MicroStrategy Inc. Class A | 141,107 | 68,623 | |||
* | Semtech Corp. | 975,382 | 67,633 | |||
* | Ziff Davis Inc. | 682,237 | 66,027 | |||
* | Alteryx Inc. Class A | 906,452 | 64,839 | |||
* | Onto Innovation Inc. | 745,961 | 64,817 | |||
Vertiv Holdings Co. Class A | 4,550,677 | 63,709 | ||||
* | Cargurus Inc. Class A | 1,462,164 | 62,083 | |||
* | Box Inc. Class A | 2,132,094 | 61,959 | |||
* | MaxLinear Inc. Class A | 1,045,889 | 61,028 | |||
* | Fabrinet | 560,117 | 58,885 | |||
* | Blackline Inc. | 799,153 | 58,514 | |||
* | Envestnet Inc. | 785,557 | 58,477 | |||
* | Procore Technologies Inc. | 998,757 | 57,888 | |||
* | Digital Turbine Inc. | 1,320,857 | 57,867 | |||
* | Perficient Inc. | 523,300 | 57,610 | |||
* | IPG Photonics Corp. | 520,956 | 57,180 | |||
* | Diodes Inc. | 647,513 | 56,327 | |||
* | Ambarella Inc. | 532,147 | 55,833 | |||
* | SiTime Corp. | 217,793 | 53,973 | |||
Switch Inc. Class A | 1,744,190 | 53,756 | ||||
* | New Relic Inc. | 801,295 | 53,591 | |||
* | Q2 Holdings Inc. | 818,944 | 50,488 | |||
* | FormFactor Inc. | 1,186,444 | 49,866 | |||
Pegasystems Inc. | 617,956 | 49,838 | ||||
Advanced Energy Industries Inc. | 570,456 | 49,105 | ||||
*,1 | Altair Engineering Inc. Class A | 730,496 | 47,044 | |||
* | DigitalOcean Holdings Inc. | 811,438 | 46,942 | |||
* | Alarm.com Holdings Inc. | 685,642 | 45,568 | |||
* | MACOM Technology Solutions Holdings Inc. | 738,405 | 44,208 | |||
* | CommVault Systems Inc. | 640,620 | 42,505 | |||
* | Sprout Social Inc. Class A | 522,097 | 41,830 | |||
* | Upwork Inc. | 1,760,781 | 40,921 | |||
* | nCino Inc. | 996,739 | 40,846 | |||
* | Asana Inc. Class A | 961,215 | 38,420 | |||
* | Bumble Inc. Class A | 1,271,770 | 36,856 | |||
* | LiveRamp Holdings Inc. | 980,743 | 36,670 | |||
* | Bottomline Technologies DE Inc. | 646,633 | 36,651 | |||
* | Yelp Inc. Class A | 1,050,479 | 35,832 | |||
* | Appian Corp. | 586,027 | 35,642 | |||
* | PagerDuty Inc. | 1,041,442 | 35,607 | |||
* | Jamf Holding Corp. | 991,237 | 34,505 | |||
Shutterstock Inc. | 357,783 | 33,302 | ||||
* | 3D Systems Corp. | 1,838,183 | 30,661 | |||
* | Appfolio Inc. Class A | 261,973 | 29,658 | |||
* | Ping Identity Holding Corp. | 1,013,317 | 27,795 | |||
* | Schrodinger Inc. | 796,954 | 27,192 | |||
* | Zuora Inc. Class A | 1,779,213 | 26,653 | |||
* | Fastly Inc. Class A | 1,513,942 | 26,312 | |||
* | Everbridge Inc. | 597,015 | 26,054 | |||
* | Magnite Inc. | 1,905,116 | 25,167 | |||
* | Duck Creek Technologies Inc. | 1,101,885 | 24,374 | |||
* | Vimeo Inc. | 2,009,279 | 23,870 | |||
* | Blackbaud Inc. | 394,534 | 23,621 | |||
* | LivePerson Inc. | 966,001 | 23,590 | |||
* | JFrog Ltd. | 813,280 | 21,918 | |||
*,1 | Zeta Global Holdings Corp. Class A | 1,700,149 | 21,677 | |||
* | DoubleVerify Holdings Inc. | 841,999 | 21,193 |
Shares | Market Value ($000) | |||||
* | Veeco Instruments Inc. | 768,697 | 20,901 | |||
* | PROS Holdings Inc. | 615,701 | 20,509 | |||
* | Eventbrite Inc. Class A | 1,318,126 | 19,469 | |||
* | Paycor HCM Inc. | 663,977 | 19,328 | |||
* | E2open Parent Holdings Inc. | 2,162,290 | 19,050 | |||
* | Confluent Inc. Class A | 448,493 | 18,388 | |||
* | BigCommerce Holdings Inc. | 825,065 | 18,077 | |||
* | Sumo Logic Inc. | 1,447,070 | 16,887 | |||
*,1 | Clear Secure Inc. Class A | 621,660 | 16,710 | |||
*,1 | Datto Holding Corp. | 623,550 | 16,661 | |||
* | Momentive Global Inc. | 963,747 | 15,671 | |||
* | KnowBe4 Inc. Class A | 628,341 | 14,464 | |||
* | Consensus Cloud Solutions Inc. | 239,890 | 14,425 | |||
*,1 | Xometry Inc. Class A | 381,355 | 14,015 | |||
* | CEVA Inc. | 328,781 | 13,365 | |||
*,1 | Blend Labs Inc. Class A | 2,311,446 | 13,175 | |||
* | Yext Inc. | 1,758,625 | 12,117 | |||
* | nLight Inc. | 628,632 | 10,900 | |||
* | PubMatic Inc. Class A | 414,083 | 10,816 | |||
* | Parsons Corp. | 273,572 | 10,587 | |||
* | Bandwidth Inc. Class A | 314,196 | 10,177 | |||
* | CCC Intelligent Solutions Holdings Inc. | 908,624 | 10,031 | |||
* | Thoughtworks Holding Inc. | 459,713 | 9,567 | |||
* | Sprinklr Inc. Class A | 739,762 | 8,803 | |||
*,1 | Freshworks Inc. Class A | 441,164 | 7,906 | |||
* | Alkami Technology Inc. | 542,079 | 7,757 | |||
* | ON24 Inc. | 573,197 | 7,538 | |||
* | Telos Corp. | 754,233 | 7,520 | |||
*,1 | HashiCorp Inc. Class A | 116,990 | 6,317 | |||
Ebix Inc. | 186,476 | 6,182 | ||||
*,1 | Skillz Inc. Class A | 2,048,914 | 6,147 | |||
*,1 | EverCommerce Inc. | 440,907 | 5,820 | |||
*,1 | Matterport Inc. | 684,341 | 5,557 | |||
* | Intapp Inc. | 231,198 | 5,551 | |||
* | MediaAlpha Inc. Class A | 326,542 | 5,404 | |||
* | AvePoint Inc. | 955,602 | 5,026 | |||
* | Braze Inc. Class A | 119,245 | 4,945 | |||
*,1 | SEMrush Holdings Inc. Class A | 391,331 | 4,672 | |||
*,1 | Vivid Seats Inc. Class A | 403,025 | 4,457 | |||
* | MeridianLink Inc. | 242,380 | 4,387 | |||
*,1 | Gitlab Inc. Class A | 80,516 | 4,384 | |||
* | N-able Inc. | 472,025 | 4,295 | |||
* | Ouster Inc. | 904,822 | 4,072 | |||
* | Aeva Technologies Inc. | 886,612 | 3,839 | |||
*,1 | Enfusion Inc. Class A | 296,197 | 3,768 | |||
* | Toast Inc. Class A | 166,402 | 3,616 | |||
*,1 | ForgeRock Inc. Class A | 162,001 | 3,551 | |||
* | SmartRent Inc. Class A | 656,606 | 3,322 | |||
* | Vertex Inc. Class A | 199,620 | 3,062 | |||
* | WM Technology Inc. | 370,791 | 2,900 | |||
*,1 | IonQ Inc. | 217,465 | 2,775 | |||
* | Credo Technology Group Holding Ltd. | 165,768 | 2,525 | |||
* | Vroom Inc. | 877,178 | 2,333 | |||
* | Nextdoor Holdings Inc. | 297,237 | 1,780 | |||
* | SecureWorks Corp. Class A | 117,686 | 1,559 | |||
* | NerdWallet Inc. Class A | 102,857 | 1,233 | |||
* | BuzzFeed Inc. | 206,597 | 1,087 | |||
* | Viant Technology Inc. Class A | 96,521 | 632 |
Shares | Market Value ($000) | |||||
* | EngageSmart Inc. | 6,174 | 132 | |||
*,1 | UserTesting Inc. | 7,782 | 83 | |||
*,2 | Media General Inc. CVR | 1,362,047 | 53 | |||
* | Amplitude Inc. Class A | 337 | 6 | |||
* | Informatica Inc. Class A | 328 | 6 | |||
* | Samsara Inc. Class A | 264 | 4 | |||
* | Expensify Inc. Class A | 96 | 2 | |||
6,922,028 | ||||||
Telecommunications (1.8%) | ||||||
* | Ciena Corp. | 2,315,792 | 140,406 | |||
Cable One Inc. | 86,936 | 127,295 | ||||
* | Lumentum Holdings Inc. | 1,038,113 | 101,320 | |||
* | Viasat Inc. | 1,069,949 | 52,214 | |||
Cogent Communications Holdings Inc. | 650,069 | 43,132 | ||||
* | Calix Inc. | 877,856 | 37,669 | |||
* | Infinera Corp. | 2,744,027 | 23,791 | |||
* | Globalstar Inc. | 10,809,506 | 15,890 | |||
* | WideOpenWest Inc. | 789,991 | 13,777 | |||
* | 8x8 Inc. | 845,677 | 10,647 | |||
Shenandoah Telecommunications Co. | 357,577 | 8,432 | ||||
*,1 | Gogo Inc. | 372,727 | 7,104 | |||
ATN International Inc. | 154,950 | 6,179 | ||||
* | IHS Holding Ltd. | 14,074 | 156 | |||
588,012 | ||||||
Utilities (1.6%) | ||||||
* | Sunrun Inc. | 2,997,358 | 91,030 | |||
* | Clean Harbors Inc. | 782,115 | 87,315 | |||
* | Evoqua Water Technologies Corp. | 1,829,305 | 85,941 | |||
* | Casella Waste Systems Inc. Class A | 762,997 | 66,877 | |||
Ormat Technologies Inc. | 635,694 | 52,019 | ||||
Clearway Energy Inc. Class C | 1,238,901 | 45,232 | ||||
* | Sunnova Energy International Inc. | 1,373,320 | 31,669 | |||
California Water Service Group | 399,141 | 23,661 | ||||
Clearway Energy Inc. Class A | 522,407 | 17,406 | ||||
* | Archaea Energy Inc. Class A | 588,772 | 12,912 | |||
514,062 | ||||||
Total Common Stocks (Cost $26,492,675) | 32,175,650 |
Coupon | Shares | Market Value ($000) | ||||
Temporary Cash Investments (2.8%) | ||||||
Money Market Fund (2.8%) | ||||||
3,4 | Vanguard Market Liquidity Fund (Cost $921,496) | 0.312% | 9,216,751 | 921,583 | ||
Total Investments (102.5%) (Cost $27,414,171) | 33,097,233 | |||||
Other Assets and Liabilities—Net (-2.5%) | (821,686) | |||||
Net Assets (100%) | 32,275,547 |
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 $781,645,000. |
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 $843,484,000 was received for securities on loan, of which $843,222,000 is held in Vanguard Market Liquidity Fund and $262,000 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 | June 2022 | 522 | 53,933 | 282 |
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) |
Beyond Meat Inc. | 8/31/22 | BANA | 11,227 | (0.208) | 366 | — |
Elastic NV | 8/31/22 | BANA | 3,466 | (0.207) | 91 | — |
Fisker Inc. | 1/31/23 | GSI | 8,520 | (0.324) | 1,799 | — |
Invitae Corp. | 8/31/22 | BANA | 3,884 | (0.196) | — | (1,016) |
Middleby Corp. | 8/31/22 | BANA | 4,973 | (0.203) | — | (384) |
Novocure Ltd. | 8/31/22 | BANA | 14,735 | (0.207) | 176 | — |
2,432 | (1,400) |
1 | Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the 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 March 31, 2022, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 32,175,597 | — | 53 | 32,175,650 |
Temporary Cash Investments | 921,583 | — | — | 921,583 |
Total | 33,097,180 | — | 53 | 33,097,233 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 282 | — | — | 282 |
Swap Contracts | — | 2,432 | — | 2,432 |
Total | 282 | 2,432 | — | 2,714 |
Liabilities | ||||
Swap Contracts | — | 1,400 | — | 1,400 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |