Vanguard® Large-Cap Index Fund
Schedule of Investments (unaudited)
As of September 30, 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 (99.6%) | |||
Basic Materials (1.8%) | |||
Linde plc | 537,975 | 145,033 | |
Air Products and Chemicals Inc. | 239,423 | 55,721 | |
Freeport-McMoRan Inc. | 1,542,890 | 42,167 | |
Ecolab Inc. | 276,874 | 39,986 | |
Newmont Corp. | 856,788 | 36,011 | |
Dow Inc. | 775,240 | 34,056 | |
Albemarle Corp. | 126,439 | 33,436 | |
Nucor Corp. | 282,595 | 30,235 | |
Fastenal Co. | 620,190 | 28,554 | |
International Flavors & Fragrances Inc. | 275,219 | 24,998 | |
LyondellBasell Industries NV Class A | 281,694 | 21,206 | |
CF Industries Holdings Inc. | 215,102 | 20,704 | |
Mosaic Co. | 372,714 | 18,013 | |
FMC Corp. | 136,000 | 14,375 | |
Avery Dennison Corp. | 87,724 | 14,273 | |
International Paper Co. | 390,865 | 12,390 | |
Celanese Corp. Class A | 105,262 | 9,509 | |
Eastman Chemical Co. | 132,570 | 9,419 | |
Westlake Corp. | 17,265 | 1,500 | |
591,586 | |||
Consumer Discretionary (15.0%) | |||
* | Amazon.com Inc. | 9,347,539 | 1,056,272 |
* | Tesla Inc. | 2,875,092 | 762,618 |
Home Depot Inc. | 1,105,084 | 304,937 | |
Costco Wholesale Corp. | 478,162 | 225,822 | |
Walmart Inc. | 1,479,483 | 191,889 | |
* | Walt Disney Co. | 1,967,934 | 185,635 |
McDonald's Corp. | 794,187 | 183,251 | |
Lowe's Cos. Inc. | 670,046 | 125,841 | |
NIKE Inc. Class B | 1,364,070 | 113,382 | |
* | Netflix Inc. | 480,044 | 113,022 |
Starbucks Corp. | 1,238,574 | 104,362 | |
TJX Cos. Inc. | 1,201,513 | 74,638 | |
Target Corp. | 496,802 | 73,720 | |
* | Booking Holdings Inc. | 42,859 | 70,426 |
Dollar General Corp. | 243,495 | 58,405 | |
Activision Blizzard Inc. | 760,028 | 56,500 | |
* | Uber Technologies Inc. | 1,923,535 | 50,974 |
Estee Lauder Cos. Inc. Class A | 224,778 | 48,530 | |
* | O'Reilly Automotive Inc. | 68,351 | 48,075 |
General Motors Co. | 1,495,203 | 47,981 | |
Ford Motor Co. | 4,263,250 | 47,748 |
Shares | Market Value ($000) | ||
* | AutoZone Inc. | 21,033 | 45,051 |
* | Chipotle Mexican Grill Inc. Class A | 29,974 | 45,044 |
Marriott International Inc. Class A | 315,309 | 44,187 | |
* | Airbnb Inc. Class A | 387,787 | 40,733 |
Hilton Worldwide Holdings Inc. | 296,084 | 35,714 | |
* | Lululemon Athletica Inc. | 125,556 | 35,100 |
Electronic Arts Inc. | 300,141 | 34,729 | |
Yum! Brands Inc. | 307,152 | 32,663 | |
Ross Stores Inc. | 377,737 | 31,832 | |
* | Dollar Tree Inc. | 229,643 | 31,254 |
* | Trade Desk Inc. Class A | 479,231 | 28,634 |
* | Warner Bros Discovery Inc. | 2,358,472 | 27,122 |
* | Copart Inc. | 231,043 | 24,583 |
* | Aptiv plc | 292,472 | 22,874 |
Genuine Parts Co. | 152,692 | 22,800 | |
DR Horton Inc. | 337,575 | 22,736 | |
* | Rivian Automotive Inc. Class A | 686,349 | 22,588 |
Tractor Supply Co. | 119,825 | 22,273 | |
* | Ulta Beauty Inc. | 55,294 | 22,183 |
eBay Inc. | 593,032 | 21,830 | |
Lennar Corp. Class A | 275,713 | 20,554 | |
* | Southwest Airlines Co. | 640,711 | 19,760 |
* | Take-Two Interactive Software Inc. | 179,933 | 19,613 |
* | Delta Air Lines Inc. | 692,074 | 19,420 |
Darden Restaurants Inc. | 132,315 | 16,714 | |
* | Expedia Group Inc. | 164,115 | 15,376 |
Omnicom Group Inc. | 221,105 | 13,950 | |
* | Las Vegas Sands Corp. | 371,202 | 13,928 |
Best Buy Co. Inc. | 218,752 | 13,856 | |
* | Etsy Inc. | 136,669 | 13,685 |
* | NVR Inc. | 3,362 | 13,405 |
Garmin Ltd. | 166,533 | 13,374 | |
LKQ Corp. | 281,414 | 13,269 | |
* | Live Nation Entertainment Inc. | 161,355 | 12,269 |
Domino's Pizza Inc. | 38,739 | 12,017 | |
* | Roblox Corp. Class A | 323,822 | 11,606 |
* | United Airlines Holdings Inc. | 352,693 | 11,473 |
* | CarMax Inc. | 171,821 | 11,344 |
VF Corp. | 377,397 | 11,288 | |
Fox Corp. Class A | 331,245 | 10,163 | |
Advance Auto Parts Inc. | 64,900 | 10,146 | |
Paramount Global Inc. Class B | 530,887 | 10,108 | |
MGM Resorts International | 339,474 | 10,089 | |
Hasbro Inc. | 141,617 | 9,548 | |
PulteGroup Inc. | 249,919 | 9,372 | |
Rollins Inc. | 265,735 | 9,216 | |
* | Royal Caribbean Cruises Ltd. | 234,043 | 8,870 |
*,1 | Lucid Group Inc. | 632,018 | 8,829 |
BorgWarner Inc. (XNYS) | 255,706 | 8,029 | |
Whirlpool Corp. | 58,840 | 7,932 | |
* | Burlington Stores Inc. | 70,760 | 7,917 |
* | Carnival Corp. | 1,065,614 | 7,491 |
* | Caesars Entertainment Inc. | 219,880 | 7,093 |
Pool Corp. | 20,305 | 6,461 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 166,399 | 6,275 |
News Corp. Class A | 393,930 | 5,952 | |
Interpublic Group of Cos. Inc. | 211,002 | 5,402 | |
Vail Resorts Inc. | 21,723 | 4,684 |
Shares | Market Value ($000) | ||
* | American Airlines Group Inc. | 350,693 | 4,222 |
Fox Corp. Class B | 143,603 | 4,093 | |
Lear Corp. | 32,015 | 3,832 | |
Bath & Body Works Inc. | 117,065 | 3,816 | |
1 | Sirius XM Holdings Inc. | 630,476 | 3,600 |
*,1 | GameStop Corp. Class A | 139,704 | 3,511 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 78,346 | 2,983 |
Warner Music Group Corp. Class A | 125,845 | 2,921 | |
*,1 | Chewy Inc. Class A | 94,489 | 2,903 |
* | Endeavor Group Holdings Inc. Class A | 138,818 | 2,812 |
News Corp. Class B | 149,356 | 2,303 | |
Lennar Corp. Class B | 15,131 | 900 | |
Paramount Global Class A | 6,093 | 131 | |
* | Lyft Inc. Class A | 49 | 1 |
* | Wynn Resorts Ltd. | 18 | 1 |
* | Carvana Co. Class A | 18 | — |
* | Wayfair Inc. Class A | 13 | — |
5,026,465 | |||
Consumer Staples (6.0%) | |||
Procter & Gamble Co. | 2,579,457 | 325,656 | |
PepsiCo Inc. | 1,489,766 | 243,219 | |
Coca-Cola Co. | 4,201,497 | 235,368 | |
Philip Morris International Inc. | 1,673,406 | 138,909 | |
CVS Health Corp. | 1,417,174 | 135,156 | |
Mondelez International Inc. Class A | 1,479,522 | 81,122 | |
Altria Group Inc. | 1,943,965 | 78,497 | |
Colgate-Palmolive Co. | 900,404 | 63,253 | |
McKesson Corp. | 155,154 | 52,732 | |
General Mills Inc. | 643,078 | 49,266 | |
Archer-Daniels-Midland Co. | 605,108 | 48,681 | |
Corteva Inc. | 782,974 | 44,747 | |
Kimberly-Clark Corp. | 364,399 | 41,010 | |
Sysco Corp. | 550,024 | 38,892 | |
Constellation Brands Inc. Class A | 154,798 | 35,554 | |
Hershey Co. | 158,540 | 34,953 | |
* | Monster Beverage Corp. | 398,119 | 34,620 |
Keurig Dr Pepper Inc. | 917,212 | 32,855 | |
Kroger Co. | 695,168 | 30,414 | |
Kraft Heinz Co. | 859,817 | 28,675 | |
Walgreens Boots Alliance Inc. | 792,932 | 24,898 | |
AmerisourceBergen Corp. Class A | 167,799 | 22,708 | |
Brown-Forman Corp. Class B | 335,634 | 22,343 | |
Tyson Foods Inc. Class A | 312,630 | 20,612 | |
McCormick & Co. Inc. | 270,375 | 19,270 | |
Kellogg Co. | 275,375 | 19,183 | |
Church & Dwight Co. Inc. | 262,318 | 18,740 | |
Clorox Co. | 132,944 | 17,069 | |
Conagra Brands Inc. | 518,678 | 16,924 | |
J M Smucker Co. | 109,285 | 15,017 | |
Hormel Foods Corp. | 294,712 | 13,392 | |
Campbell Soup Co. | 210,755 | 9,931 | |
Lamb Weston Holdings Inc. | 77,477 | 5,995 | |
Molson Coors Beverage Co. Class B | 97,438 | 4,676 | |
Albertsons Cos. Inc. Class A | 172,186 | 4,281 | |
Brown-Forman Corp. Class A | 53,638 | 3,624 | |
* | Olaplex Holdings Inc. | 105,062 | 1,003 |
2,013,245 |
Shares | Market Value ($000) | ||
Energy (4.6%) | |||
Exxon Mobil Corp. | 4,498,864 | 392,796 | |
Chevron Corp. | 1,901,698 | 273,217 | |
ConocoPhillips | 1,374,224 | 140,638 | |
EOG Resources Inc. | 632,629 | 70,684 | |
Schlumberger NV | 1,526,792 | 54,812 | |
Marathon Petroleum Corp. | 538,105 | 53,450 | |
Pioneer Natural Resources Co. | 244,752 | 52,996 | |
Occidental Petroleum Corp. | 754,170 | 46,344 | |
Valero Energy Corp. | 425,290 | 45,442 | |
Cheniere Energy Inc. | 269,631 | 44,734 | |
Devon Energy Corp. | 706,832 | 42,502 | |
Phillips 66 | 519,285 | 41,917 | |
* | Enphase Energy Inc. | 146,222 | 40,572 |
Williams Cos. Inc. | 1,315,385 | 37,659 | |
Kinder Morgan Inc. | 2,067,327 | 34,400 | |
Hess Corp. | 300,802 | 32,784 | |
ONEOK Inc. | 482,360 | 24,716 | |
Diamondback Energy Inc. | 191,922 | 23,119 | |
Baker Hughes Co. Class A | 1,092,153 | 22,892 | |
Halliburton Co. | 881,114 | 21,693 | |
Coterra Energy Inc. | 815,887 | 21,311 | |
* | Plug Power Inc. | 624,694 | 13,125 |
Marathon Oil Corp. | 365,773 | 8,259 | |
EQT Corp. | 179,655 | 7,321 | |
Continental Resources Inc. | 58,771 | 3,927 | |
1,551,310 | |||
Financials (10.7%) | |||
* | Berkshire Hathaway Inc. Class B | 1,785,172 | 476,677 |
JPMorgan Chase & Co. | 3,165,627 | 330,808 | |
Bank of America Corp. | 7,372,789 | 222,658 | |
Wells Fargo & Co. | 4,094,496 | 164,681 | |
Charles Schwab Corp. | 1,667,937 | 119,875 | |
S&P Global Inc. | 360,018 | 109,932 | |
Morgan Stanley | 1,390,051 | 109,828 | |
Goldman Sachs Group Inc. | 368,504 | 107,990 | |
BlackRock Inc. | 154,623 | 85,086 | |
Citigroup Inc. | 1,986,118 | 82,762 | |
Marsh & McLennan Cos. Inc. | 538,685 | 80,420 | |
Chubb Ltd. | 428,317 | 77,902 | |
Progressive Corp. | 631,289 | 73,362 | |
CME Group Inc. | 388,021 | 68,730 | |
PNC Financial Services Group Inc. | 442,710 | 66,150 | |
Blackstone Inc. | 757,438 | 63,398 | |
Truist Financial Corp. | 1,431,767 | 62,339 | |
US Bancorp | 1,443,457 | 58,200 | |
Aon plc Class A (XNYS) | 216,312 | 57,944 | |
Intercontinental Exchange Inc. | 602,876 | 54,470 | |
Moody's Corp. | 168,389 | 40,937 | |
MetLife Inc. | 645,797 | 39,252 | |
Travelers Cos. Inc. | 256,190 | 39,248 | |
American International Group Inc. | 820,858 | 38,974 | |
Arthur J Gallagher & Co. | 227,056 | 38,877 | |
Allstate Corp. | 291,791 | 36,337 | |
MSCI Inc. Class A | 82,560 | 34,823 | |
Aflac Inc. | 613,940 | 34,503 | |
Prudential Financial Inc. | 402,212 | 34,502 | |
M&T Bank Corp. | 189,568 | 33,425 |
Shares | Market Value ($000) | ||
Bank of New York Mellon Corp. | 785,209 | 30,246 | |
KKR & Co. Inc. | 696,109 | 29,933 | |
Ameriprise Financial Inc. | 116,770 | 29,420 | |
Discover Financial Services | 294,890 | 26,811 | |
First Republic Bank | 197,224 | 25,748 | |
T Rowe Price Group Inc. | 243,644 | 25,585 | |
Willis Towers Watson plc | 118,710 | 23,854 | |
Fifth Third Bancorp | 741,120 | 23,686 | |
State Street Corp. | 377,021 | 22,927 | |
* | Berkshire Hathaway Inc. Class A | 56 | 22,762 |
Hartford Financial Services Group Inc. | 348,828 | 21,606 | |
* | SVB Financial Group | 63,776 | 21,415 |
Nasdaq Inc. | 371,259 | 21,043 | |
Raymond James Financial Inc. | 209,704 | 20,723 | |
Huntington Bancshares Inc. | 1,556,589 | 20,516 | |
Regions Financial Corp. | 1,008,551 | 20,242 | |
Principal Financial Group Inc. | 269,025 | 19,410 | |
Citizens Financial Group Inc. | 535,402 | 18,396 | |
Broadridge Financial Solutions Inc. | 126,657 | 18,279 | |
Northern Trust Corp. | 213,561 | 18,272 | |
Apollo Global Management Inc. | 370,912 | 17,247 | |
* | Arch Capital Group Ltd. | 378,577 | 17,240 |
FactSet Research Systems Inc. | 41,006 | 16,407 | |
KeyCorp. | 1,006,021 | 16,116 | |
* | Markel Corp. | 13,874 | 15,042 |
Cincinnati Financial Corp. | 163,267 | 14,624 | |
W R Berkley Corp. | 214,778 | 13,870 | |
Cboe Global Markets Inc. | 114,365 | 13,423 | |
Everest Re Group Ltd. | 42,543 | 11,165 | |
Loews Corp. | 221,153 | 11,022 | |
Equitable Holdings Inc. | 405,875 | 10,695 | |
Fidelity National Financial Inc. | 283,324 | 10,256 | |
*,1 | Coinbase Global Inc. Class A | 152,711 | 9,848 |
Ares Management Corp. Class A | 157,811 | 9,776 | |
LPL Financial Holdings Inc. | 40,893 | 8,934 | |
MarketAxess Holdings Inc. | 38,607 | 8,590 | |
Ally Financial Inc. | 299,805 | 8,344 | |
Annaly Capital Management, Inc. | 469,703 | 8,060 | |
Brown & Brown Inc. | 121,904 | 7,373 | |
Interactive Brokers Group Inc. Class A | 105,487 | 6,742 | |
Tradeweb Markets Inc. Class A | 115,816 | 6,534 | |
Franklin Resources Inc. | 295,973 | 6,369 | |
* | Alleghany Corp. | 6,893 | 5,786 |
Globe Life Inc. | 47,345 | 4,720 | |
Lincoln National Corp. | 82,687 | 3,631 | |
* | Corebridge Financial Inc. | 69,622 | 1,371 |
1 | Rocket Cos. Inc. Class A | 118,339 | 748 |
3,568,897 | |||
Health Care (14.3%) | |||
UnitedHealth Group Inc. | 1,009,721 | 509,949 | |
Johnson & Johnson | 2,838,113 | 463,634 | |
Eli Lilly & Co. | 923,113 | 298,489 | |
Pfizer Inc. | 6,058,338 | 265,113 | |
AbbVie Inc. | 1,908,592 | 256,152 | |
Merck & Co. Inc. | 2,734,589 | 235,503 | |
Thermo Fisher Scientific Inc. | 422,928 | 214,505 | |
Abbott Laboratories | 1,890,386 | 182,914 | |
Danaher Corp. | 706,740 | 182,544 |
Shares | Market Value ($000) | ||
Bristol-Myers Squibb Co. | 2,304,941 | 163,858 | |
Amgen Inc. | 577,436 | 130,154 | |
Elevance Health Inc. | 259,078 | 117,684 | |
Medtronic plc | 1,435,365 | 115,906 | |
Cigna Corp. | 329,375 | 91,392 | |
Gilead Sciences Inc. | 1,352,941 | 83,463 | |
* | Vertex Pharmaceuticals Inc. | 276,835 | 80,155 |
* | Regeneron Pharmaceuticals Inc. | 109,923 | 75,723 |
Stryker Corp. | 367,544 | 74,442 | |
* | Intuitive Surgical Inc. | 385,487 | 72,256 |
Becton Dickinson and Co. | 307,864 | 68,601 | |
Zoetis Inc. | 454,798 | 67,442 | |
Humana Inc. | 136,615 | 66,284 | |
* | Boston Scientific Corp. | 1,545,391 | 59,853 |
* | Edwards Lifesciences Corp. | 669,198 | 55,296 |
* | Centene Corp. | 617,021 | 48,010 |
HCA Healthcare Inc. | 232,378 | 42,709 | |
* | Moderna Inc. | 358,941 | 42,445 |
* | Biogen Inc. | 156,635 | 41,822 |
Agilent Technologies Inc. | 319,526 | 38,838 | |
* | IQVIA Holdings Inc. | 201,337 | 36,470 |
ResMed Inc. | 158,092 | 34,511 | |
* | DexCom Inc. | 423,773 | 34,131 |
* | Illumina Inc. | 169,802 | 32,396 |
* | IDEXX Laboratories Inc. | 89,867 | 29,279 |
Baxter International Inc. | 543,550 | 29,276 | |
* | Alnylam Pharmaceuticals Inc. | 129,565 | 25,934 |
* | Veeva Systems Inc. Class A | 151,213 | 24,932 |
Zimmer Biomet Holdings Inc. | 226,489 | 23,679 | |
* | Seagen Inc. | 149,330 | 20,433 |
Laboratory Corp. of America Holdings | 97,586 | 19,987 | |
West Pharmaceutical Services Inc. | 79,933 | 19,670 | |
Cardinal Health Inc. | 294,043 | 19,607 | |
STERIS plc | 108,009 | 17,960 | |
* | Hologic Inc. | 269,484 | 17,387 |
* | Insulet Corp. | 74,916 | 17,186 |
* | BioMarin Pharmaceutical Inc. | 200,310 | 16,980 |
* | Align Technology Inc. | 80,098 | 16,589 |
PerkinElmer Inc. | 136,182 | 16,387 | |
Royalty Pharma plc Class A | 401,057 | 16,114 | |
Quest Diagnostics Inc. | 125,882 | 15,444 | |
* | Horizon Therapeutics plc | 248,679 | 15,391 |
Cooper Cos. Inc. | 53,236 | 14,049 | |
* | Incyte Corp. | 204,069 | 13,599 |
* | Catalent Inc. | 183,776 | 13,298 |
* | Avantor Inc. | 654,854 | 12,835 |
* | ABIOMED Inc. | 49,070 | 12,055 |
Viatris Inc. | 1,308,916 | 11,152 | |
* | Molina Healthcare Inc. | 31,347 | 10,339 |
Teleflex Inc. | 50,631 | 10,200 | |
* | Henry Schein Inc. | 146,715 | 9,649 |
* | Bio-Rad Laboratories Inc. Class A | 22,609 | 9,431 |
* | Charles River Laboratories International Inc. | 27,451 | 5,402 |
* | DaVita Inc. | 54,221 | 4,488 |
DENTSPLY SIRONA Inc. | 116,329 | 3,298 | |
* | Exact Sciences Corp. | 95,537 | 3,104 |
* | Elanco Animal Health Inc. (XNYS) | 243,197 | 3,018 |
Universal Health Services Inc. Class B | 33,717 | 2,973 |
Shares | Market Value ($000) | ||
* | agilon health Inc. | 110,896 | 2,597 |
* | Teladoc Health Inc. | 26 | 1 |
4,786,367 | |||
Industrials (11.7%) | |||
Visa Inc. Class A | 1,764,949 | 313,543 | |
Mastercard Inc. Class A | 931,376 | 264,827 | |
Accenture plc Class A | 716,968 | 184,476 | |
Union Pacific Corp. | 674,115 | 131,331 | |
Raytheon Technologies Corp. | 1,593,850 | 130,473 | |
United Parcel Service Inc. Class B | 790,032 | 127,622 | |
Honeywell International Inc. | 727,230 | 121,426 | |
Lockheed Martin Corp. | 286,225 | 110,566 | |
* | PayPal Holdings Inc. | 1,248,378 | 107,448 |
Automatic Data Processing Inc. | 448,538 | 101,455 | |
Deere & Co. | 296,934 | 99,143 | |
Caterpillar Inc. | 569,866 | 93,504 | |
American Express Co. | 607,013 | 81,892 | |
* | Boeing Co. | 641,005 | 77,613 |
General Electric Co. | 1,183,693 | 73,282 | |
Northrop Grumman Corp. | 150,309 | 70,693 | |
3M Co. | 597,574 | 66,032 | |
CSX Corp. | 2,311,458 | 61,577 | |
* | Fiserv Inc. | 621,379 | 58,142 |
Eaton Corp. plc | 429,969 | 57,341 | |
General Dynamics Corp. | 266,435 | 56,529 | |
Illinois Tool Works Inc. | 300,803 | 54,340 | |
Norfolk Southern Corp. | 253,543 | 53,155 | |
Sherwin-Williams Co. | 251,805 | 51,557 | |
Fidelity National Information Services Inc. | 656,294 | 49,596 | |
Emerson Electric Co. | 638,309 | 46,737 | |
L3Harris Technologies Inc. | 206,561 | 42,930 | |
Paychex Inc. | 349,652 | 39,234 | |
Capital One Financial Corp. | 414,351 | 38,191 | |
FedEx Corp. | 252,449 | 37,481 | |
Johnson Controls International plc | 743,560 | 36,598 | |
Trane Technologies plc | 250,136 | 36,222 | |
Cintas Corp. | 92,839 | 36,039 | |
Parker-Hannifin Corp. | 138,612 | 33,587 | |
Global Payments Inc. | 299,191 | 32,328 | |
Carrier Global Corp. | 908,461 | 32,305 | |
* | Block Inc. (XNYS) | 571,606 | 31,433 |
Cummins Inc. | 152,198 | 30,974 | |
* | Keysight Technologies Inc. | 193,545 | 30,456 |
TransDigm Group Inc. | 55,619 | 29,190 | |
Otis Worldwide Corp. | 453,625 | 28,941 | |
Verisk Analytics Inc. Class A | 169,440 | 28,895 | |
PACCAR Inc. | 337,820 | 28,272 | |
AMETEK Inc. | 247,841 | 28,108 | |
PPG Industries Inc. | 253,670 | 28,079 | |
Old Dominion Freight Line Inc. | 108,587 | 27,013 | |
Rockwell Automation Inc. | 124,610 | 26,805 | |
* | Mettler-Toledo International Inc. | 24,296 | 26,340 |
DuPont de Nemours Inc. | 486,653 | 24,527 | |
WW Grainger Inc. | 49,422 | 24,177 | |
Equifax Inc. | 132,109 | 22,647 | |
Fortive Corp. | 383,958 | 22,385 | |
Martin Marietta Materials Inc. | 67,335 | 21,688 | |
Vulcan Materials Co. | 136,307 | 21,497 |
Shares | Market Value ($000) | ||
* | United Rentals Inc. | 75,543 | 20,406 |
Ingersoll Rand Inc. | 435,209 | 18,827 | |
Dover Corp. | 154,947 | 18,064 | |
* | Waters Corp. | 64,635 | 17,421 |
* | Teledyne Technologies Inc. | 50,605 | 17,078 |
Xylem Inc. | 194,498 | 16,991 | |
Ball Corp. | 339,306 | 16,395 | |
Expeditors International of Washington Inc. | 176,607 | 15,596 | |
Westinghouse Air Brake Technologies Corp. | 186,519 | 15,173 | |
Jacobs Solutions Inc. | 137,753 | 14,945 | |
Synchrony Financial | 520,103 | 14,662 | |
* | Zebra Technologies Corp. Class A | 55,906 | 14,648 |
* | Trimble Inc. | 267,332 | 14,508 |
* | Bill.com Holdings Inc. | 107,509 | 14,231 |
JB Hunt Transport Services Inc. | 89,645 | 14,022 | |
* | FleetCor Technologies Inc. | 76,928 | 13,552 |
Textron Inc. | 228,330 | 13,302 | |
CH Robinson Worldwide Inc. | 133,744 | 12,881 | |
TransUnion | 207,809 | 12,363 | |
* | Generac Holdings Inc. | 68,900 | 12,274 |
Stanley Black & Decker Inc. | 159,569 | 12,001 | |
Snap-on Inc. | 57,499 | 11,577 | |
Masco Corp. | 243,451 | 11,367 | |
Packaging Corp. of America | 101,078 | 11,350 | |
Crown Holdings Inc. | 130,815 | 10,600 | |
Quanta Services Inc. | 77,161 | 9,830 | |
HEICO Corp. Class A | 79,023 | 9,058 | |
Westrock Co. | 274,230 | 8,471 | |
Fortune Brands Home & Security Inc. | 139,586 | 7,494 | |
Jack Henry & Associates Inc. | 39,352 | 7,173 | |
Hubbell Inc. Class B | 28,966 | 6,459 | |
HEICO Corp. | 44,667 | 6,431 | |
Cognex Corp. | 29 | 1 | |
* | Mohawk Industries Inc. | 10 | 1 |
* | Affirm Holdings Inc. | 31 | 1 |
3,909,795 | |||
Real Estate (2.8%) | |||
American Tower Corp. | 502,595 | 107,907 | |
Prologis Inc. | 799,188 | 81,198 | |
Crown Castle Inc. | 467,456 | 67,571 | |
Equinix Inc. | 98,313 | 55,924 | |
Public Storage | 161,074 | 47,164 | |
Realty Income Corp. | 666,684 | 38,801 | |
SBA Communications Corp. Class A | 116,451 | 33,148 | |
Welltower Inc. | 500,220 | 32,174 | |
Simon Property Group Inc. | 353,361 | 31,714 | |
VICI Properties Inc. | 1,039,822 | 31,039 | |
Digital Realty Trust Inc. | 310,253 | 30,771 | |
* | CoStar Group Inc. | 427,528 | 29,777 |
AvalonBay Communities Inc. | 151,010 | 27,815 | |
Equity Residential | 385,857 | 25,937 | |
Extra Space Storage Inc. | 144,557 | 24,966 | |
Alexandria Real Estate Equities Inc. | 176,146 | 24,694 | |
Weyerhaeuser Co. | 799,143 | 22,824 | |
* | CBRE Group Inc. Class A | 329,476 | 22,243 |
Invitation Homes Inc. | 658,480 | 22,237 | |
Duke Realty Corp. | 415,604 | 20,032 | |
Mid-America Apartment Communities Inc. | 124,507 | 19,307 |
Shares | Market Value ($000) | ||
Sun Communities Inc. | 133,122 | 18,015 | |
Ventas Inc. | 431,446 | 17,331 | |
Essex Property Trust Inc. | 70,310 | 17,031 | |
UDR Inc. | 350,801 | 14,632 | |
WP Carey Inc. | 208,282 | 14,538 | |
Iron Mountain Inc. | 313,549 | 13,787 | |
Camden Property Trust | 114,947 | 13,730 | |
Healthpeak Properties Inc. | 582,541 | 13,352 | |
Boston Properties Inc. | 152,289 | 11,417 | |
Host Hotels & Resorts Inc. | 385,903 | 6,128 | |
Regency Centers Corp. | 92,153 | 4,962 | |
* | Zillow Group Inc. Class C | 146,790 | 4,200 |
* | Zillow Group Inc. Class A | 67,954 | 1,946 |
948,312 | |||
Technology (26.9%) | |||
Apple Inc. | 16,480,494 | 2,277,604 | |
Microsoft Corp. | 8,050,543 | 1,874,971 | |
* | Alphabet Inc. Class A | 6,465,361 | 618,412 |
* | Alphabet Inc. Class C | 5,661,947 | 544,396 |
* | Meta Platforms Inc. Class A | 2,461,915 | 334,033 |
NVIDIA Corp. | 2,563,734 | 311,212 | |
Broadcom Inc. | 414,115 | 183,871 | |
Texas Instruments Inc. | 986,325 | 152,663 | |
* | Salesforce Inc. | 1,020,361 | 146,769 |
* | Adobe Inc. | 505,190 | 139,028 |
QUALCOMM Inc. | 1,212,239 | 136,959 | |
International Business Machines Corp. | 974,959 | 115,835 | |
Intel Corp. | 4,432,316 | 114,221 | |
Intuit Inc. | 289,265 | 112,038 | |
* | Advanced Micro Devices Inc. | 1,742,622 | 110,413 |
Oracle Corp. | 1,582,184 | 96,624 | |
* | ServiceNow Inc. | 218,051 | 82,338 |
Analog Devices Inc. | 555,223 | 77,365 | |
Applied Materials Inc. | 928,679 | 76,087 | |
Micron Technology Inc. | 1,190,821 | 59,660 | |
Lam Research Corp. | 147,871 | 54,121 | |
* | Palo Alto Networks Inc. | 322,663 | 52,849 |
* | Synopsys Inc. | 165,101 | 50,440 |
* | Snowflake Inc. Class A | 291,870 | 49,606 |
* | Cadence Design Systems Inc. | 295,624 | 48,314 |
KLA Corp. | 153,074 | 46,325 | |
* | Autodesk Inc. | 234,534 | 43,811 |
Amphenol Corp. Class A | 642,088 | 42,994 | |
Roper Technologies Inc. | 114,432 | 41,154 | |
Marvell Technology Inc. | 917,436 | 39,367 | |
TE Connectivity Ltd. | 345,253 | 38,102 | |
Microchip Technology Inc. | 596,374 | 36,397 | |
* | Crowdstrike Holdings Inc. Class A | 218,858 | 36,070 |
* | Fortinet Inc. | 723,490 | 35,545 |
* | Workday Inc. Class A | 214,441 | 32,642 |
Cognizant Technology Solutions Corp. Class A | 558,938 | 32,105 | |
* | Twitter Inc. | 702,138 | 30,782 |
* | ON Semiconductor Corp. | 467,667 | 29,150 |
VMware Inc. Class A | 250,201 | 26,636 | |
* | Datadog Inc. Class A | 282,527 | 25,083 |
HP Inc. | 1,005,180 | 25,049 | |
Corning Inc. | 821,242 | 23,832 | |
CDW Corp. | 145,989 | 22,786 |
Shares | Market Value ($000) | ||
* | Gartner Inc. | 81,108 | 22,442 |
* | EPAM Systems Inc. | 58,827 | 21,307 |
* | ANSYS Inc. | 93,982 | 20,836 |
* | Paycom Software Inc. | 55,074 | 18,174 |
Monolithic Power Systems Inc. | 47,981 | 17,436 | |
* | VeriSign Inc. | 98,434 | 17,098 |
* | Zoom Video Communications Inc. Class A | 230,274 | 16,946 |
Hewlett Packard Enterprise Co. | 1,401,365 | 16,788 | |
* | Cloudflare Inc. Class A | 290,227 | 16,052 |
* | Tyler Technologies Inc. | 44,884 | 15,597 |
* | DoorDash Inc. Class A | 309,106 | 15,285 |
* | Zscaler Inc. | 91,876 | 15,102 |
Skyworks Solutions Inc. | 173,190 | 14,768 | |
NetApp Inc. | 237,213 | 14,672 | |
* | Pinterest Inc. Class A | 629,191 | 14,660 |
* | Palantir Technologies Inc. Class A | 1,801,839 | 14,649 |
* | Match Group Inc. | 305,473 | 14,586 |
* | ZoomInfo Technologies Inc. Class A | 348,374 | 14,513 |
2 | Citrix Systems Inc. | 137,010 | 14,249 |
* | MongoDB Inc. Class A | 69,855 | 13,870 |
* | Akamai Technologies Inc. | 171,599 | 13,783 |
* | HubSpot Inc. | 49,242 | 13,301 |
* | Splunk Inc. | 173,682 | 13,061 |
* | Twilio Inc. Class A | 187,083 | 12,935 |
Teradyne Inc. | 169,237 | 12,718 | |
* | GoDaddy Inc. Class A | 168,796 | 11,964 |
NortonLifeLock Inc. | 586,281 | 11,808 | |
* | DocuSign Inc. Class A | 215,822 | 11,540 |
Seagate Technology Holdings plc | 214,087 | 11,396 | |
SS&C Technologies Holdings Inc. | 233,863 | 11,167 | |
* | Snap Inc. Class A | 1,129,130 | 11,088 |
* | Western Digital Corp. | 339,510 | 11,051 |
* | Black Knight Inc. | 160,104 | 10,364 |
Dell Technologies Inc. Class C | 272,464 | 9,310 | |
* | Okta Inc. | 162,788 | 9,258 |
* | Qorvo Inc. | 111,408 | 8,847 |
Bentley Systems Inc. Class B | 238,978 | 7,310 | |
*,1 | Unity Software Inc. | 225,294 | 7,178 |
Leidos Holdings Inc. | 73,646 | 6,442 | |
* | Zendesk Inc. | 66,638 | 5,071 |
* | F5 Inc. | 32,158 | 4,654 |
* | UiPath Inc. Class A | 324,335 | 4,090 |
* | AppLovin Corp. Class A | 189,510 | 3,694 |
* | Dropbox Inc. Class A | 146,661 | 3,039 |
* | Toast Inc. Class A | 157,265 | 2,629 |
* | IAC/InterActiveCorp. | 42,786 | 2,369 |
* | Qualtrics International Inc. Class A | 52,564 | 535 |
* | Coupa Software Inc. | 13 | 1 |
* | RingCentral Inc. Class A | 15 | 1 |
8,987,293 | |||
Telecommunications (2.4%) | |||
Verizon Communications Inc. | 4,306,817 | 163,530 | |
Cisco Systems Inc. | 4,022,735 | 160,909 | |
Comcast Corp. Class A | 4,753,795 | 139,429 | |
AT&T Inc. | 7,692,307 | 118,000 | |
* | T-Mobile US Inc. | 676,840 | 90,812 |
Motorola Solutions Inc. | 180,154 | 40,349 | |
* | Charter Communications Inc. Class A | 112,716 | 34,192 |
Shares | Market Value ($000) | ||
* | Arista Networks Inc. | 246,355 | 27,811 |
* | Liberty Broadband Corp. Class C | 135,194 | 9,977 |
Lumen Technologies Inc. | 1,117,543 | 8,136 | |
* | Roku Inc. | 130,328 | 7,351 |
Juniper Networks Inc. | 173,573 | 4,534 | |
* | DISH Network Corp. Class A | 267,794 | 3,704 |
* | Liberty Broadband Corp. Class A | 18,197 | 1,357 |
810,091 | |||
Utilities (3.4%) | |||
NextEra Energy Inc. | 2,144,261 | 168,131 | |
Southern Co. | 1,146,986 | 77,995 | |
Duke Energy Corp. | 831,199 | 77,318 | |
Waste Management Inc. | 446,190 | 71,484 | |
Dominion Energy Inc. | 898,657 | 62,106 | |
Sempra Energy (XNYS) | 339,320 | 50,878 | |
American Electric Power Co. Inc. | 554,574 | 47,943 | |
Exelon Corp. | 1,070,589 | 40,104 | |
Xcel Energy Inc. | 590,464 | 37,790 | |
Waste Connections Inc. (XTSE) | 277,614 | 37,514 | |
Consolidated Edison Inc. | 382,766 | 32,826 | |
WEC Energy Group Inc. | 340,479 | 30,449 | |
Public Service Enterprise Group Inc. | 538,507 | 30,280 | |
Republic Services Inc. Class A | 221,674 | 30,157 | |
Constellation Energy Corp. | 352,552 | 29,329 | |
Eversource Energy | 373,949 | 29,153 | |
* | PG&E Corp. | 2,261,540 | 28,269 |
American Water Works Co. Inc. | 196,188 | 25,536 | |
Edison International | 411,715 | 23,295 | |
Ameren Corp. | 278,560 | 22,438 | |
Entergy Corp. | 219,682 | 22,107 | |
FirstEnergy Corp. | 586,014 | 21,683 | |
DTE Energy Co. | 188,197 | 21,652 | |
PPL Corp. | 794,641 | 20,144 | |
CenterPoint Energy Inc. | 679,353 | 19,144 | |
CMS Energy Corp. | 313,425 | 18,254 | |
AES Corp. | 721,037 | 16,295 | |
Evergy Inc. | 247,688 | 14,713 | |
Alliant Energy Corp. | 270,858 | 14,353 | |
NiSource Inc. | 438,562 | 11,047 | |
Vistra Corp. | 449,476 | 9,439 | |
Avangrid Inc. | 83,440 | 3,479 | |
1,145,305 | |||
Total Common Stocks (Cost $22,313,697) | 33,338,666 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
3,4 | Vanguard Market Liquidity Fund, 2.828% (Cost $111,172) | 1,112,155 | 111,182 |
Total Investments (99.9%) (Cost $22,424,869) | 33,449,848 | ||
Other Assets and Liabilities—Net (0.1%) | 20,880 | ||
Net Assets (100%) | 33,470,728 | ||
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 $20,661,000. |
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 $21,686,000 was received for securities on loan, of which $21,426,000 is held in Vanguard Market Liquidity Fund and $260,000 is held in cash. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | December 2022 | 835 | 150,363 | (13,651) |
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 at their fair values calculated according to procedures adopted by the valuation designee to represent fair value and subject to oversight by the board of trustees. 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.
The following table summarizes the market value of the fund’s investments and derivatives as of September 30, 2022, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 33,324,417 | — | 14,249 | 33,338,666 |
Temporary Cash Investments | 111,182 | — | — | 111,182 |
Total | 33,435,599 | — | 14,249 | 33,449,848 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 13,651 | — | — | 13,651 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |