Vanguard® Large-Cap 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 (99.8%) | |||
Basic Materials (1.8%) | |||
Linde plc | 528,415 | 168,792 | |
Freeport-McMoRan Inc. | 1,512,297 | 75,222 | |
Newmont Corp. | 823,814 | 65,452 | |
Air Products and Chemicals Inc. | 230,460 | 57,594 | |
Dow Inc. | 764,791 | 48,732 | |
Ecolab Inc. | 268,005 | 47,319 | |
Nucor Corp. | 297,196 | 44,178 | |
Fastenal Co. | 597,921 | 35,516 | |
International Flavors & Fragrances Inc. | 264,621 | 34,753 | |
LyondellBasell Industries NV Class A | 274,416 | 28,215 | |
Albemarle Corp. | 121,712 | 26,917 | |
International Paper Co. | 391,228 | 18,055 | |
FMC Corp. | 131,719 | 17,330 | |
Celanese Corp. Class A | 112,277 | 16,041 | |
Eastman Chemical Co. | 139,706 | 15,655 | |
Avery Dennison Corp. | 85,708 | 14,911 | |
Mosaic Co. | 191,156 | 12,712 | |
CF Industries Holdings Inc. | 107,664 | 11,096 | |
Westlake Corp. | 16,618 | 2,051 | |
740,541 | |||
Consumer Discretionary (15.4%) | |||
* | Amazon.com Inc. | 449,583 | 1,465,618 |
* | Tesla Inc. | 859,400 | 926,089 |
Home Depot Inc. | 1,085,465 | 324,912 | |
Costco Wholesale Corp. | 460,914 | 265,417 | |
* | Walt Disney Co. | 1,892,520 | 259,578 |
Walmart Inc. | 1,441,729 | 214,702 | |
McDonald's Corp. | 772,967 | 191,139 | |
NIKE Inc. Class B | 1,326,654 | 178,515 | |
* | Netflix Inc. | 461,469 | 172,862 |
Lowe's Cos. Inc. | 696,447 | 140,815 | |
Starbucks Corp. | 1,195,765 | 108,779 | |
Target Corp. | 498,029 | 105,692 | |
* | Booking Holdings Inc. | 42,480 | 99,762 |
TJX Cos. Inc. | 1,177,916 | 71,358 | |
Ford Motor Co. | 4,088,622 | 69,139 | |
Activision Blizzard Inc. | 769,393 | 61,636 | |
* | General Motors Co. | 1,359,323 | 59,457 |
Estee Lauder Cos. Inc. Class A | 217,468 | 59,221 | |
* | Airbnb Inc. Class A | 324,474 | 55,732 |
* | Uber Technologies Inc. | 1,523,669 | 54,364 |
Dollar General Corp. | 240,889 | 53,629 |
Shares | Market Value ($000) | ||
* | Marriott International Inc. Class A | 288,342 | 50,676 |
* | O'Reilly Automotive Inc. | 69,684 | 47,731 |
* | Lululemon Athletica Inc. | 122,553 | 44,760 |
* | Hilton Worldwide Holdings Inc. | 290,170 | 44,030 |
* | AutoZone Inc. | 21,464 | 43,885 |
* | Chipotle Mexican Grill Inc. Class A | 27,708 | 43,835 |
* | Dollar Tree Inc. | 233,856 | 37,452 |
Electronic Arts Inc. | 292,321 | 36,981 | |
Yum! Brands Inc. | 300,394 | 35,606 | |
* | Aptiv plc | 281,093 | 33,650 |
eBay Inc. | 580,231 | 33,224 | |
Ross Stores Inc. | 367,238 | 33,220 | |
* | Trade Desk Inc. Class A | 457,951 | 31,713 |
* | Expedia Group Inc. | 156,160 | 30,556 |
* | Southwest Airlines Co. | 615,441 | 28,187 |
* | Copart Inc. | 221,886 | 27,840 |
Tractor Supply Co. | 117,219 | 27,355 | |
* | Delta Air Lines Inc. | 665,771 | 26,345 |
DR Horton Inc. | 349,919 | 26,072 | |
Paramount Global Class B | 602,786 | 22,791 | |
* | Ulta Beauty Inc. | 56,240 | 22,396 |
Lennar Corp. Class A | 273,018 | 22,161 | |
VF Corp. | 363,690 | 20,679 | |
Best Buy Co. Inc. | 225,037 | 20,456 | |
Garmin Ltd. | 160,279 | 19,011 | |
* | Royal Caribbean Cruises Ltd. | 225,123 | 18,861 |
Genuine Parts Co. | 147,643 | 18,606 | |
* | Take-Two Interactive Software Inc. | 119,961 | 18,443 |
Omnicom Group Inc. | 217,246 | 18,440 | |
* | Live Nation Entertainment Inc. | 151,615 | 17,836 |
Darden Restaurants Inc. | 132,747 | 17,649 | |
* | Carnival Corp. | 871,058 | 17,613 |
* | Las Vegas Sands Corp. | 436,726 | 16,975 |
MGM Resorts International | 400,964 | 16,816 | |
* | Etsy Inc. | 131,679 | 16,365 |
* | Caesars Entertainment Inc. | 211,429 | 16,356 |
* | CarMax Inc. | 168,026 | 16,211 |
* | United Airlines Holdings Inc. | 336,383 | 15,595 |
Domino's Pizza Inc. | 37,839 | 15,401 | |
*,1 | Lucid Group Inc. | 598,684 | 15,207 |
* | NVR Inc. | 3,320 | 14,831 |
* | Roblox Corp. Class A | 305,586 | 14,130 |
Fox Corp. Class A | 336,111 | 13,260 | |
*,1 | AMC Entertainment Holdings Inc. Class A | 534,217 | 13,163 |
Advance Auto Parts Inc. | 63,489 | 13,140 | |
* | Burlington Stores Inc. | 69,401 | 12,643 |
LKQ Corp. | 253,750 | 11,523 | |
* | Lyft Inc. Class A | 297,125 | 11,410 |
Hasbro Inc. | 137,233 | 11,242 | |
Whirlpool Corp. | 60,917 | 10,525 | |
PulteGroup Inc. | 245,481 | 10,286 | |
* | Carvana Co. Class A | 86,162 | 10,278 |
BorgWarner Inc. (XNYS) | 249,563 | 9,708 | |
*,1 | Rivian Automotive Inc. Class A | 184,088 | 9,249 |
News Corp. Class A | 407,730 | 9,031 | |
Rollins Inc. | 255,638 | 8,960 | |
* | Wayfair Inc. Class A | 78,382 | 8,683 |
* | Wynn Resorts Ltd. | 108,192 | 8,627 |
Shares | Market Value ($000) | ||
Pool Corp. | 19,791 | 8,369 | |
* | Discovery Inc. Class C | 326,586 | 8,155 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 162,877 | 7,448 |
Interpublic Group of Cos. Inc. | 204,740 | 7,258 | |
* | DraftKings Inc. Class A | 318,476 | 6,201 |
* | American Airlines Group Inc. | 337,098 | 6,152 |
Bath & Body Works Inc. | 127,168 | 6,079 | |
*,1 | GameStop Corp. Class A | 33,786 | 5,628 |
Vail Resorts Inc. | 21,054 | 5,480 | |
Fox Corp. Class B | 145,505 | 5,279 | |
Warner Music Group Corp. Class A | 121,120 | 4,584 | |
* | Endeavor Group Holdings Inc. Class A | 150,503 | 4,443 |
Lear Corp. | 30,906 | 4,407 | |
* | Discovery Inc. Class A | 167,200 | 4,167 |
1 | Sirius XM Holdings Inc. | 617,224 | 4,086 |
* | Peloton Interactive Inc. Class A | 149,780 | 3,957 |
* | Chewy Inc. Class A | 88,751 | 3,619 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 75,546 | 3,453 |
News Corp. Class B | 122,296 | 2,754 | |
*,1 | QuantumScape Corp. Class A | 105,158 | 2,102 |
Lennar Corp. Class B | 13,979 | 955 | |
Paramount Global Class A | 7,694 | 311 | |
6,310,978 | |||
Consumer Staples (5.2%) | |||
Procter & Gamble Co. | 2,491,768 | 380,742 | |
Coca-Cola Co. | 4,055,984 | 251,471 | |
PepsiCo Inc. | 1,438,059 | 240,702 | |
Philip Morris International Inc. | 1,611,043 | 151,341 | |
CVS Health Corp. | 1,364,368 | 138,088 | |
Altria Group Inc. | 1,909,439 | 99,768 | |
Mondelez International Inc. Class A | 1,443,286 | 90,610 | |
Colgate-Palmolive Co. | 873,573 | 66,243 | |
Archer-Daniels-Midland Co. | 584,351 | 52,744 | |
McKesson Corp. | 155,717 | 47,670 | |
Corteva Inc. | 755,234 | 43,411 | |
Kimberly-Clark Corp. | 350,248 | 43,137 | |
Sysco Corp. | 527,415 | 43,063 | |
General Mills Inc. | 626,963 | 42,458 | |
Kroger Co. | 687,816 | 39,460 | |
Constellation Brands Inc. Class A | 162,344 | 37,391 | |
Keurig Dr Pepper Inc. | 884,303 | 33,515 | |
Hershey Co. | 151,362 | 32,790 | |
Walgreens Boots Alliance Inc. | 717,860 | 32,139 | |
* | Monster Beverage Corp. | 385,134 | 30,772 |
Kraft Heinz Co. | 699,969 | 27,572 | |
Tyson Foods Inc. Class A | 304,040 | 27,251 | |
McCormick & Co. Inc. | 259,593 | 25,907 | |
AmerisourceBergen Corp. Class A | 163,005 | 25,219 | |
Church & Dwight Co. Inc. | 252,199 | 25,064 | |
Brown-Forman Corp. Class B | 308,313 | 20,663 | |
Clorox Co. | 127,829 | 17,772 | |
Kellogg Co. | 266,571 | 17,191 | |
Conagra Brands Inc. | 498,278 | 16,727 | |
Hormel Foods Corp. | 282,208 | 14,545 | |
J M Smucker Co. | 106,927 | 14,479 | |
Campbell Soup Co. | 203,615 | 9,075 | |
Molson Coors Beverage Co. Class B | 93,932 | 5,014 | |
Lamb Weston Holdings Inc. | 75,418 | 4,518 |
Shares | Market Value ($000) | ||
Albertsons Cos. Inc. Class A | 75,198 | 2,500 | |
Brown-Forman Corp. Class A | 32,680 | 2,050 | |
* | Olaplex Holdings Inc. | 67,315 | 1,052 |
2,154,114 | |||
Energy (3.8%) | |||
Exxon Mobil Corp. | 4,400,672 | 363,451 | |
Chevron Corp. | 2,024,404 | 329,634 | |
ConocoPhillips | 1,350,867 | 135,087 | |
EOG Resources Inc. | 608,512 | 72,553 | |
Schlumberger NV | 1,458,759 | 60,261 | |
Pioneer Natural Resources Co. | 239,823 | 59,963 | |
Occidental Petroleum Corp. | 922,294 | 52,331 | |
Marathon Petroleum Corp. | 587,556 | 50,236 | |
Valero Energy Corp. | 425,417 | 43,197 | |
Williams Cos. Inc. | 1,263,231 | 42,204 | |
Devon Energy Corp. | 690,395 | 40,823 | |
Kinder Morgan Inc. | 2,121,081 | 40,110 | |
Phillips 66 | 455,716 | 39,369 | |
Baker Hughes Co. Class A | 941,256 | 34,271 | |
Cheniere Energy Inc. | 237,976 | 32,995 | |
ONEOK Inc. | 463,411 | 32,731 | |
Halliburton Co. | 840,685 | 31,837 | |
Hess Corp. | 289,748 | 31,015 | |
* | Enphase Energy Inc. | 125,299 | 25,283 |
* | Plug Power Inc. | 599,052 | 17,139 |
Diamondback Energy Inc. | 92,155 | 12,633 | |
Coterra Energy Inc. | 401,132 | 10,818 | |
Continental Resources Inc. | 18,867 | 1,157 | |
1,559,098 | |||
Financials (10.6%) | |||
* | Berkshire Hathaway Inc. Class B | 1,806,821 | 637,645 |
JPMorgan Chase & Co. | 3,069,390 | 418,419 | |
Bank of America Corp. | 7,130,394 | 293,915 | |
Wells Fargo & Co. | 3,965,429 | 192,165 | |
S&P Global Inc. | 349,927 | 143,533 | |
Charles Schwab Corp. | 1,603,347 | 135,178 | |
Morgan Stanley | 1,481,405 | 129,475 | |
Goldman Sachs Group Inc. | 355,299 | 117,284 | |
Citigroup Inc. | 2,062,827 | 110,155 | |
BlackRock Inc. | 142,158 | 108,633 | |
Blackstone Inc. | 732,126 | 92,936 | |
Marsh & McLennan Cos. Inc. | 522,623 | 89,065 | |
CME Group Inc. | 373,608 | 88,866 | |
Chubb Ltd. | 380,599 | 81,410 | |
PNC Financial Services Group Inc. | 436,571 | 80,526 | |
Truist Financial Corp. | 1,380,515 | 78,275 | |
Intercontinental Exchange Inc. | 584,106 | 77,172 | |
US Bancorp | 1,388,174 | 73,781 | |
Progressive Corp. | 607,676 | 69,269 | |
Aon plc Class A (XNYS) | 211,289 | 68,802 | |
Moody's Corp. | 163,670 | 55,224 | |
American International Group Inc. | 847,026 | 53,168 | |
Prudential Financial Inc. | 391,206 | 46,229 | |
Travelers Cos. Inc. | 251,062 | 45,877 | |
MetLife Inc. | 643,394 | 45,218 | |
MSCI Inc. Class A | 80,249 | 40,356 | |
Allstate Corp. | 289,374 | 40,081 |
Shares | Market Value ($000) | ||
Aflac Inc. | 608,048 | 39,152 | |
Arthur J Gallagher & Co. | 216,725 | 37,840 | |
Bank of New York Mellon Corp. | 752,459 | 37,345 | |
T Rowe Price Group Inc. | 237,006 | 35,833 | |
Ameriprise Financial Inc. | 116,405 | 34,963 | |
* | SVB Financial Group | 61,076 | 34,169 |
KKR & Co. Inc. | 577,880 | 33,789 | |
Discover Financial Services | 299,373 | 32,988 | |
State Street Corp. | 361,537 | 31,497 | |
Fifth Third Bancorp | 710,930 | 30,598 | |
First Republic Bank | 186,129 | 30,172 | |
Willis Towers Watson plc | 122,420 | 28,918 | |
Apollo Global Management Inc. | 436,951 | 27,087 | |
* | Coinbase Global Inc. Class A | 142,331 | 27,023 |
Hartford Financial Services Group Inc. | 344,745 | 24,756 | |
Northern Trust Corp. | 205,237 | 23,900 | |
M&T Bank Corp. | 134,100 | 22,730 | |
Huntington Bancshares Inc. | 1,494,258 | 21,846 | |
Regions Financial Corp. | 973,873 | 21,678 | |
KeyCorp. | 964,091 | 21,576 | |
Cincinnati Financial Corp. | 158,402 | 21,536 | |
Raymond James Financial Inc. | 194,268 | 21,352 | |
Nasdaq Inc. | 119,667 | 21,325 | |
Principal Financial Group Inc. | 271,416 | 19,925 | |
Citizens Financial Group Inc. | 438,704 | 19,886 | |
* | Markel Corp. | 13,456 | 19,851 |
Broadridge Financial Solutions Inc. | 121,361 | 18,897 | |
* | Arch Capital Group Ltd. | 381,716 | 18,483 |
FactSet Research Systems Inc. | 39,302 | 17,063 | |
Ally Financial Inc. | 351,301 | 15,275 | |
Loews Corp. | 219,656 | 14,238 | |
W R Berkley Corp. | 206,867 | 13,775 | |
Fidelity National Financial Inc. | 280,821 | 13,715 | |
MarketAxess Holdings Inc. | 37,378 | 12,716 | |
Cboe Global Markets Inc. | 110,915 | 12,691 | |
Equitable Holdings Inc. | 406,383 | 12,561 | |
Everest Re Group Ltd. | 40,850 | 12,311 | |
Annaly Capital Management Inc. | 1,522,925 | 10,721 | |
Tradeweb Markets Inc. Class A | 111,253 | 9,776 | |
Franklin Resources Inc. | 313,209 | 8,745 | |
Interactive Brokers Group Inc. Class A | 97,155 | 6,403 | |
Ares Management Corp. Class A | 78,298 | 6,360 | |
* | Alleghany Corp. | 6,627 | 5,613 |
Lincoln National Corp. | 80,884 | 5,287 | |
Globe Life Inc. | 46,439 | 4,672 | |
* | Berkshire Hathaway Inc. Class A | 6 | 3,174 |
1 | Rocket Cos. Inc. Class A | 140,390 | 1,561 |
1 | UWM Holdings Corp. | 46,063 | 209 |
4,358,638 | |||
Health Care (12.9%) | |||
UnitedHealth Group Inc. | 978,041 | 498,772 | |
Johnson & Johnson | 2,733,050 | 484,378 | |
Pfizer Inc. | 5,845,257 | 302,609 | |
AbbVie Inc. | 1,838,560 | 298,049 | |
Eli Lilly & Co. | 890,940 | 255,138 | |
Thermo Fisher Scientific Inc. | 406,661 | 240,194 | |
Abbott Laboratories | 1,833,104 | 216,966 | |
Merck & Co. Inc. | 2,625,639 | 215,434 |
Shares | Market Value ($000) | ||
Danaher Corp. | 669,239 | 196,308 | |
Bristol-Myers Squibb Co. | 2,265,842 | 165,474 | |
Medtronic plc | 1,395,568 | 154,838 | |
Amgen Inc. | 578,999 | 140,013 | |
Anthem Inc. | 250,841 | 123,218 | |
* | Intuitive Surgical Inc. | 371,853 | 112,181 |
Stryker Corp. | 353,213 | 94,431 | |
Zoetis Inc. | 441,607 | 83,283 | |
Cigna Corp. | 333,638 | 79,943 | |
Becton Dickinson and Co. | 296,045 | 78,748 | |
Gilead Sciences Inc. | 1,303,144 | 77,472 | |
* | Edwards Lifesciences Corp. | 647,788 | 76,258 |
* | Regeneron Pharmaceuticals Inc. | 105,362 | 73,587 |
* | Vertex Pharmaceuticals Inc. | 264,650 | 69,066 |
* | Boston Scientific Corp. | 1,483,059 | 65,685 |
HCA Healthcare Inc. | 236,694 | 59,320 | |
* | Moderna Inc. | 337,190 | 58,084 |
Humana Inc. | 131,649 | 57,290 | |
* | Illumina Inc. | 163,258 | 57,042 |
* | DexCom Inc. | 100,904 | 51,622 |
* | Centene Corp. | 605,886 | 51,010 |
* | IDEXX Laboratories Inc. | 87,564 | 47,903 |
* | IQVIA Holdings Inc. | 198,513 | 45,898 |
Agilent Technologies Inc. | 313,881 | 41,536 | |
Baxter International Inc. | 522,130 | 40,486 | |
ResMed Inc. | 151,986 | 36,858 | |
* | Align Technology Inc. | 77,869 | 33,951 |
* | Biogen Inc. | 152,735 | 32,166 |
West Pharmaceutical Services Inc. | 77,212 | 31,712 | |
* | Veeva Systems Inc. Class A | 144,474 | 30,695 |
Cerner Corp. | 304,977 | 28,534 | |
Zimmer Biomet Holdings Inc. | 217,327 | 27,796 | |
* | Laboratory Corp. of America Holdings | 99,486 | 26,230 |
STERIS plc | 104,057 | 25,158 | |
* | Horizon Therapeutics plc | 235,759 | 24,804 |
PerkinElmer Inc. | 131,281 | 22,903 | |
Cooper Cos. Inc. | 51,212 | 21,386 | |
* | Seagen Inc. | 143,124 | 20,617 |
* | Alnylam Pharmaceuticals Inc. | 124,988 | 20,409 |
* | Hologic Inc. | 259,862 | 19,963 |
* | Catalent Inc. | 176,863 | 19,614 |
* | Insulet Corp. | 71,933 | 19,162 |
* | Avantor Inc. | 538,825 | 18,223 |
Teleflex Inc. | 48,677 | 17,272 | |
Quest Diagnostics Inc. | 123,708 | 16,931 | |
Cardinal Health Inc. | 287,887 | 16,323 | |
* | Incyte Corp. | 195,545 | 15,530 |
* | ABIOMED Inc. | 44,953 | 14,890 |
* | BioMarin Pharmaceutical Inc. | 191,128 | 14,736 |
Royalty Pharma plc Class A | 359,905 | 14,022 | |
Viatris Inc. | 1,257,010 | 13,676 | |
* | Exact Sciences Corp. | 180,945 | 12,652 |
* | Henry Schein Inc. | 142,495 | 12,424 |
* | Bio-Rad Laboratories Inc. Class A | 21,978 | 12,379 |
* | Elanco Animal Health Inc. (XNYS) | 467,100 | 12,187 |
DENTSPLY SIRONA Inc. | 227,401 | 11,193 | |
* | Teladoc Health Inc. | 150,091 | 10,826 |
Universal Health Services Inc. Class B | 72,113 | 10,453 |
Shares | Market Value ($000) | ||
* | Charles River Laboratories International Inc. | 26,207 | 7,442 |
* | DaVita Inc. | 60,230 | 6,813 |
* | agilon health Inc. | 183,998 | 4,664 |
* | 10X Genomics Inc. Class A | 43,668 | 3,322 |
* | GoodRx Holdings Inc. Class A | 35,599 | 688 |
* | Ginkgo Bioworks Holdings Inc. | 92,371 | 372 |
5,301,212 | |||
Industrials (11.8%) | |||
Visa Inc. Class A | 1,723,890 | 382,307 | |
Mastercard Inc. Class A | 907,208 | 324,218 | |
Accenture plc Class A | 684,348 | 230,783 | |
Union Pacific Corp. | 662,067 | 180,883 | |
United Parcel Service Inc. Class B | 761,499 | 163,311 | |
Raytheon Technologies Corp. | 1,551,269 | 153,684 | |
* | PayPal Holdings Inc. | 1,210,986 | 140,051 |
Honeywell International Inc. | 712,840 | 138,704 | |
Lockheed Martin Corp. | 283,030 | 124,929 | |
Caterpillar Inc. | 557,061 | 124,124 | |
Deere & Co. | 287,004 | 119,239 | |
* | Boeing Co. | 606,023 | 116,053 |
American Express Co. | 592,022 | 110,708 | |
General Electric Co. | 1,142,674 | 104,555 | |
Automatic Data Processing Inc. | 436,641 | 99,353 | |
3M Co. | 593,545 | 88,367 | |
CSX Corp. | 2,280,066 | 85,388 | |
* | Block Inc. (XNYS) | 532,643 | 72,226 |
Norfolk Southern Corp. | 249,268 | 71,096 | |
Northrop Grumman Corp. | 146,068 | 65,325 | |
Fidelity National Information Services Inc. | 633,654 | 63,632 | |
Eaton Corp. plc | 414,593 | 62,919 | |
* | Fiserv Inc. | 610,201 | 61,874 |
Illinois Tool Works Inc. | 292,750 | 61,302 | |
Sherwin-Williams Co. | 243,602 | 60,808 | |
Emerson Electric Co. | 617,471 | 60,543 | |
General Dynamics Corp. | 245,364 | 59,177 | |
FedEx Corp. | 247,914 | 57,365 | |
Capital One Financial Corp. | 430,347 | 56,500 | |
L3Harris Technologies Inc. | 203,999 | 50,688 | |
Johnson Controls International plc | 730,462 | 47,896 | |
Paychex Inc. | 337,543 | 46,064 | |
Carrier Global Corp. | 889,336 | 40,794 | |
Global Payments Inc. | 293,116 | 40,110 | |
Cintas Corp. | 91,679 | 38,999 | |
Parker-Hannifin Corp. | 133,608 | 37,913 | |
Trane Technologies plc | 242,780 | 37,072 | |
Verisk Analytics Inc. Class A | 167,649 | 35,982 | |
* | TransDigm Group Inc. | 54,768 | 35,684 |
DuPont de Nemours Inc. | 479,917 | 35,312 | |
Otis Worldwide Corp. | 441,618 | 33,982 | |
Rockwell Automation Inc. | 120,774 | 33,820 | |
* | Mettler-Toledo International Inc. | 23,700 | 32,545 |
PPG Industries Inc. | 245,302 | 32,152 | |
Old Dominion Freight Line Inc. | 107,476 | 32,101 | |
AMETEK Inc. | 240,927 | 32,087 | |
Cummins Inc. | 148,058 | 30,368 | |
Ball Corp. | 334,206 | 30,079 | |
Equifax Inc. | 126,849 | 30,076 | |
* | Keysight Technologies Inc. | 187,935 | 29,688 |
Shares | Market Value ($000) | ||
PACCAR Inc. | 325,159 | 28,637 | |
* | United Rentals Inc. | 75,299 | 26,747 |
Vulcan Materials Co. | 137,940 | 25,340 | |
Martin Marietta Materials Inc. | 64,815 | 24,947 | |
Stanley Black & Decker Inc. | 169,818 | 23,739 | |
Dover Corp. | 149,748 | 23,495 | |
WW Grainger Inc. | 45,166 | 23,296 | |
* | Bill.Com Holdings Inc. | 102,281 | 23,196 |
* | Teledyne Technologies Inc. | 48,519 | 22,932 |
* | Zebra Technologies Corp. Class A | 55,167 | 22,823 |
Fortive Corp. | 354,839 | 21,620 | |
Ingersoll Rand Inc. | 424,139 | 21,355 | |
TransUnion | 199,517 | 20,618 | |
* | FleetCor Technologies Inc. | 80,179 | 19,969 |
* | Generac Holdings Inc. | 66,278 | 19,702 |
* | Waters Corp. | 62,881 | 19,518 |
Synchrony Financial | 541,901 | 18,864 | |
* | Trimble Inc. | 261,056 | 18,833 |
Jacobs Engineering Group Inc. | 134,319 | 18,510 | |
Expeditors International of Washington Inc. | 176,237 | 18,181 | |
Westinghouse Air Brake Technologies Corp. | 182,973 | 17,596 | |
JB Hunt Transport Services Inc. | 87,237 | 17,516 | |
Textron Inc. | 225,210 | 16,751 | |
Crown Holdings Inc. | 132,830 | 16,616 | |
Xylem Inc. | 187,489 | 15,985 | |
Packaging Corp. of America | 97,211 | 15,176 | |
CH Robinson Worldwide Inc. | 133,854 | 14,417 | |
Westrock Co. | 273,613 | 12,868 | |
Masco Corp. | 249,394 | 12,719 | |
Snap-on Inc. | 55,524 | 11,409 | |
Fortune Brands Home & Security Inc. | 141,003 | 10,474 | |
HEICO Corp. Class A | 75,373 | 9,560 | |
* | Affirm Holdings Inc. | 197,652 | 9,147 |
Jack Henry & Associates Inc. | 37,775 | 7,444 | |
Cognex Corp. | 85,803 | 6,620 | |
HEICO Corp. | 43,061 | 6,612 | |
Hubbell Inc. Class B | 28,218 | 5,186 | |
* | Mohawk Industries Inc. | 27,022 | 3,356 |
* | Marqeta Inc. Class A | 84,405 | 932 |
* | Aurora Innovation Inc. | 49,859 | 279 |
4,855,821 | |||
Real Estate (2.9%) | |||
Prologis Inc. | 769,001 | 124,178 | |
American Tower Corp. | 473,456 | 118,942 | |
Crown Castle International Corp. | 449,265 | 82,934 | |
Equinix Inc. | 94,304 | 69,938 | |
Public Storage | 155,089 | 60,528 | |
Simon Property Group Inc. | 356,325 | 46,878 | |
Welltower Inc. | 464,893 | 44,695 | |
Realty Income Corp. | 614,667 | 42,596 | |
Digital Realty Trust Inc. | 295,598 | 41,916 | |
SBA Communications Corp. Class A | 113,012 | 38,887 | |
AvalonBay Communities Inc. | 145,249 | 36,076 | |
Alexandria Real Estate Equities Inc. | 166,260 | 33,460 | |
Equity Residential | 371,166 | 33,375 | |
* | CBRE Group Inc. Class A | 330,546 | 30,252 |
Weyerhaeuser Co. | 775,769 | 29,402 | |
Extra Space Storage Inc. | 139,128 | 28,605 |
Shares | Market Value ($000) | ||
* | CoStar Group Inc. | 410,566 | 27,348 |
Ventas Inc. | 415,188 | 25,642 | |
Invitation Homes Inc. | 631,716 | 25,382 | |
Mid-America Apartment Communities Inc. | 119,902 | 25,113 | |
Essex Property Trust Inc. | 67,687 | 23,385 | |
Duke Realty Corp. | 397,821 | 23,098 | |
Sun Communities Inc. | 120,528 | 21,127 | |
Healthpeak Properties Inc. | 560,550 | 19,244 | |
UDR Inc. | 330,690 | 18,972 | |
Boston Properties Inc. | 146,491 | 18,868 | |
Camden Property Trust | 107,522 | 17,870 | |
Iron Mountain Inc. | 300,775 | 16,666 | |
WP Carey Inc. | 197,998 | 16,006 | |
VICI Properties Inc. | 388,337 | 11,052 | |
* | Zillow Group Inc. Class C | 176,223 | 8,686 |
Host Hotels & Resorts Inc. | 371,864 | 7,225 | |
Regency Centers Corp. | 88,839 | 6,338 | |
* | Opendoor Technologies Inc. | 241,895 | 2,092 |
* | Zillow Group Inc. Class A | 39,195 | 1,890 |
1,178,666 | |||
Technology (29.8%) | |||
Apple Inc. | 16,115,321 | 2,813,896 | |
Microsoft Corp. | 7,792,725 | 2,402,575 | |
* | Alphabet Inc. Class A | 312,443 | 869,013 |
* | Alphabet Inc. Class C | 279,076 | 779,456 |
NVIDIA Corp. | 2,468,725 | 673,616 | |
* | Meta Platforms Inc. Class A | 2,400,293 | 533,729 |
Broadcom Inc. | 404,481 | 254,694 | |
* | Adobe Inc. | 490,322 | 223,400 |
Intel Corp. | 4,232,704 | 209,773 | |
* | salesforce.com Inc. | 972,676 | 206,519 |
* | Advanced Micro Devices Inc. | 1,691,583 | 184,958 |
QUALCOMM Inc. | 1,171,455 | 179,022 | |
Texas Instruments Inc. | 960,010 | 176,143 | |
Intuit Inc. | 279,627 | 134,456 | |
Oracle Corp. | 1,526,950 | 126,325 | |
International Business Machines Corp. | 934,799 | 121,543 | |
Applied Materials Inc. | 918,261 | 121,027 | |
* | ServiceNow Inc. | 207,871 | 115,761 |
Micron Technology Inc. | 1,163,999 | 90,664 | |
Analog Devices Inc. | 544,016 | 89,861 | |
Lam Research Corp. | 144,988 | 77,947 | |
* | Palo Alto Networks Inc. | 102,366 | 63,724 |
Marvell Technology Inc. | 877,050 | 62,893 | |
* | Snowflake Inc. Class A | 270,640 | 62,012 |
KLA Corp. | 156,665 | 57,349 | |
* | Synopsys Inc. | 159,122 | 53,031 |
Roper Technologies Inc. | 109,763 | 51,833 | |
* | Fortinet Inc. | 144,419 | 49,354 |
* | Autodesk Inc. | 228,647 | 49,010 |
Cognizant Technology Solutions Corp. Class A | 545,287 | 48,896 | |
* | Workday Inc. Class A | 200,599 | 48,035 |
* | Cadence Design Systems Inc. | 288,284 | 47,411 |
Amphenol Corp. Class A | 622,563 | 46,910 | |
* | Crowdstrike Holdings Inc. Class A | 205,594 | 46,686 |
* | Snap Inc. Class A | 1,281,517 | 46,122 |
TE Connectivity Ltd. | 338,409 | 44,325 | |
Microchip Technology Inc. | 577,873 | 43,421 |
Shares | Market Value ($000) | ||
HP Inc. | 1,094,993 | 39,748 | |
* | Datadog Inc. Class A | 253,964 | 38,468 |
* | Cloudflare Inc. Class A | 259,790 | 31,097 |
* | Match Group Inc. | 281,711 | 30,633 |
* | Twitter Inc. | 790,598 | 30,588 |
* | DoorDash Inc. Class A | 259,037 | 30,357 |
* | Twilio Inc. Class A | 178,477 | 29,415 |
* | MongoDB Inc. Class A | 65,896 | 29,231 |
Corning Inc. | 791,271 | 29,206 | |
* | ANSYS Inc. | 90,652 | 28,796 |
* | ON Semiconductor Corp. | 449,532 | 28,145 |
CDW Corp. | 140,959 | 25,216 | |
* | Zoom Video Communications Inc. Class A | 214,016 | 25,089 |
VMware Inc. Class A | 218,493 | 24,880 | |
* | Palantir Technologies Inc. Class A | 1,804,594 | 24,777 |
* | Splunk Inc. | 165,045 | 24,527 |
* | Gartner Inc. | 81,196 | 24,153 |
* | Okta Inc. | 154,400 | 23,308 |
Skyworks Solutions Inc. | 170,481 | 22,722 | |
Hewlett Packard Enterprise Co. | 1,351,553 | 22,584 | |
* | HubSpot Inc. | 46,973 | 22,309 |
Monolithic Power Systems Inc. | 45,682 | 22,187 | |
* | VeriSign Inc. | 97,327 | 21,651 |
* | Unity Software Inc. | 213,913 | 21,222 |
* | Zscaler Inc. | 87,356 | 21,077 |
* | DocuSign Inc. Class A | 195,388 | 20,930 |
* | Akamai Technologies Inc. | 168,995 | 20,176 |
Teradyne Inc. | 168,778 | 19,955 | |
Seagate Technology Holdings plc | 216,122 | 19,429 | |
NetApp Inc. | 230,965 | 19,170 | |
* | Tyler Technologies Inc. | 42,945 | 19,106 |
* | Paycom Software Inc. | 53,204 | 18,429 |
SS&C Technologies Holdings Inc. | 224,403 | 16,835 | |
* | EPAM Systems Inc. | 56,129 | 16,648 |
* | ZoomInfo Technologies Inc. Class A | 272,463 | 16,277 |
* | Western Digital Corp. | 309,011 | 15,342 |
NortonLifeLock Inc. | 575,470 | 15,261 | |
* | Pinterest Inc. Class A | 591,935 | 14,568 |
* | GoDaddy Inc. Class A | 173,757 | 14,543 |
* | Dell Technologies Inc. Class C | 286,402 | 14,375 |
* | Qorvo Inc. | 112,699 | 13,986 |
Citrix Systems Inc. | 130,511 | 13,169 | |
* | RingCentral Inc. Class A | 86,671 | 10,159 |
* | AppLovin Corp. Class A | 169,511 | 9,335 |
Bentley Systems Inc. Class B | 210,954 | 9,320 | |
* | Black Knight Inc. | 153,151 | 8,881 |
* | IAC/InterActiveCorp. | 82,708 | 8,294 |
Leidos Holdings Inc. | 73,180 | 7,905 | |
* | Coupa Software Inc. | 77,606 | 7,887 |
* | Zendesk Inc. | 63,330 | 7,618 |
* | Dropbox Inc. Class A | 294,962 | 6,858 |
* | F5 Inc. | 31,535 | 6,589 |
* | UiPath Inc. Class A | 299,051 | 6,457 |
* | Qualtrics International Inc. Class A | 84,104 | 2,401 |
* | HashiCorp Inc. Class A | 7,921 | 428 |
*,1 | Gitlab Inc. Class A | 5,496 | 299 |
* | Toast Inc. Class A | 11,426 | 248 |
12,257,654 |
Shares | Market Value ($000) | ||
Telecommunications (2.7%) | |||
Comcast Corp. Class A | 4,702,502 | 220,171 | |
Cisco Systems Inc. | 3,886,357 | 216,703 | |
Verizon Communications Inc. | 3,927,399 | 200,062 | |
AT&T Inc. | 7,424,709 | 175,446 | |
* | T-Mobile US Inc. | 649,218 | 83,327 |
* | Charter Communications Inc. Class A | 116,732 | 63,680 |
Motorola Solutions Inc. | 174,804 | 42,337 | |
* | Arista Networks Inc. | 239,866 | 33,336 |
* | Liberty Broadband Corp. Class C | 147,460 | 19,954 |
* | Roku Inc. | 123,796 | 15,508 |
Lumen Technologies Inc. | 1,063,494 | 11,986 | |
* | DISH Network Corp. Class A | 256,771 | 8,127 |
Juniper Networks Inc. | 167,819 | 6,236 | |
* | Liberty Broadband Corp. Class A | 23,033 | 3,019 |
1,099,892 | |||
Utilities (2.9%) | |||
NextEra Energy Inc. | 2,040,247 | 172,829 | |
Duke Energy Corp. | 799,389 | 89,260 | |
Southern Co. | 1,101,795 | 79,891 | |
Dominion Energy Inc. | 843,140 | 71,642 | |
Waste Management Inc. | 431,031 | 68,318 | |
Sempra Energy (XNYS) | 327,561 | 55,070 | |
American Electric Power Co. Inc. | 524,192 | 52,299 | |
Exelon Corp. | 1,016,971 | 48,438 | |
Xcel Energy Inc. | 565,741 | 40,830 | |
Waste Connections Inc. (XTSE) | 267,534 | 37,374 | |
Public Service Enterprise Group Inc. | 525,424 | 36,780 | |
Consolidated Edison Inc. | 368,144 | 34,856 | |
WEC Energy Group Inc. | 328,020 | 32,740 | |
Eversource Energy | 358,012 | 31,573 | |
American Water Works Co. Inc. | 188,837 | 31,258 | |
Republic Services Inc. Class A | 213,779 | 28,326 | |
Edison International | 394,950 | 27,686 | |
FirstEnergy Corp. | 592,812 | 27,186 | |
Ameren Corp. | 265,381 | 24,882 | |
Entergy Corp. | 210,642 | 24,592 | |
* | PG&E Corp. | 2,048,925 | 24,464 |
DTE Energy Co. | 181,103 | 23,944 | |
PPL Corp. | 764,153 | 21,824 | |
CMS Energy Corp. | 301,213 | 21,067 | |
CenterPoint Energy Inc. | 653,231 | 20,015 | |
AES Corp. | 658,685 | 16,948 | |
Alliant Energy Corp. | 260,303 | 16,264 | |
Evergy Inc. | 236,176 | 16,140 | |
NiSource Inc. | 421,496 | 13,404 | |
Vistra Corp. | 501,909 | 11,669 | |
Avangrid Inc. | 79,952 | 3,737 | |
1,205,306 | |||
Total Common Stocks (Cost $21,010,983) | 41,021,920 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.312% (Cost $101,273) | 1,012,920 | 101,282 |
Total Investments (100.0%) (Cost $21,112,256) | 41,123,202 | ||
Other Assets and Liabilities—Net (0.0%) | (11,098) | ||
Net Assets (100%) | 41,112,104 | ||
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 $37,139,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $40,072,000 was received for securities on loan. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | June 2022 | 392 | 88,803 | 6,164 |
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. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At March 31, 2022, 100% of the market value of the fund’s investments and derivatives was determined based on Level 1 inputs.