Vanguard® Mid-Cap Growth Index Fund
Schedule of Investments (unaudited)
As of March 31, 2023
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 (100.0%) | ||||||
Basic Materials (2.7%) | ||||||
Fastenal Co. | 3,900,212 | 210,378 | ||||
Albemarle Corp. | 800,761 | 177,000 | ||||
Mosaic Co. | 2,299,043 | 105,480 | ||||
FMC Corp. | 430,228 | 52,544 | ||||
545,402 | ||||||
Consumer Discretionary (14.3%) | ||||||
* | Copart Inc. | 2,928,933 | 220,285 | |||
* | Aptiv plc | 1,851,291 | 207,696 | |||
* | Ulta Beauty Inc. | 347,644 | 189,699 | |||
* | Trade Desk Inc. Class A | 3,050,745 | 185,821 | |||
Tractor Supply Co. | 752,069 | 176,766 | ||||
* | Chipotle Mexican Grill Inc. Class A | 94,367 | 161,206 | |||
* | AutoZone Inc. | 64,110 | 157,592 | |||
* | Take-Two Interactive Software Inc. | 1,152,481 | 137,491 | |||
Hilton Worldwide Holdings Inc. | 910,305 | 128,235 | ||||
* | NVR Inc. | 21,091 | 117,523 | |||
* | ROBLOX Corp. Class A | 2,457,448 | 110,536 | |||
LKQ Corp. | 1,824,702 | 103,570 | ||||
* | Expedia Group Inc. | 1,010,001 | 98,000 | |||
* | Royal Caribbean Cruises Ltd. | 1,482,943 | 96,836 | |||
* | Etsy Inc. | 851,645 | 94,814 | |||
MGM Resorts International | 2,072,017 | 92,039 | ||||
* | Burlington Stores Inc. | 445,408 | 90,017 | |||
Domino's Pizza Inc. | 241,985 | 79,824 | ||||
* | Live Nation Entertainment Inc. | 1,107,543 | 77,528 | |||
* | Caesars Entertainment Inc. | 1,396,489 | 68,163 | |||
* | Las Vegas Sands Corp. | 1,174,761 | 67,490 | |||
Rollins Inc. | 1,681,469 | 63,106 | ||||
Pool Corp. | 126,768 | 43,410 | ||||
Vail Resorts Inc. | 137,753 | 32,190 | ||||
Warner Music Group Corp. Class A | 803,320 | 26,807 | ||||
* | Chewy Inc. Class A | 613,215 | 22,922 | |||
* | Endeavor Group Holdings Inc. Class A | 890,086 | 21,300 | |||
1 | Sirius XM Holdings Inc. | 1,995,059 | 7,920 | |||
2,878,786 | ||||||
Consumer Staples (1.4%) | ||||||
Church & Dwight Co. Inc. | 1,667,424 | 147,417 | ||||
McCormick & Co. Inc. (Non-Voting) | 856,382 | 71,259 | ||||
Lamb Weston Holdings Inc. | 491,617 | 51,384 | ||||
270,060 |
Shares | Market Value ($000) | |||||
Energy (8.0%) | ||||||
Cheniere Energy Inc. | 1,665,118 | 262,423 | ||||
Hess Corp. | 1,895,886 | 250,901 | ||||
Devon Energy Corp. | 4,468,439 | 226,148 | ||||
* | Enphase Energy Inc. | 932,623 | 196,112 | |||
Diamondback Energy Inc. | 1,254,379 | 169,554 | ||||
Coterra Energy Inc. | 5,117,806 | 125,591 | ||||
Marathon Oil Corp. | 4,302,089 | 103,078 | ||||
Halliburton Co. | 2,779,606 | 87,947 | ||||
* | First Solar Inc. | 345,946 | 75,243 | |||
*,1 | Plug Power Inc. | 3,983,653 | 46,688 | |||
Texas Pacific Land Corp. | 21,036 | 35,783 | ||||
EQT Corp. | 1,108,056 | 35,358 | ||||
1,614,826 | ||||||
Financials (6.3%) | ||||||
MSCI Inc. Class A | 519,022 | 290,491 | ||||
Apollo Global Management Inc. | 2,737,106 | 172,876 | ||||
Broadridge Financial Solutions Inc. | 804,145 | 117,864 | ||||
LPL Financial Holdings Inc. | 537,546 | 108,799 | ||||
FactSet Research Systems Inc. | 261,358 | 108,487 | ||||
MarketAxess Holdings Inc. | 256,957 | 100,545 | ||||
Ares Management Corp. Class A | 1,066,337 | 88,975 | ||||
*,1 | Coinbase Global Inc. Class A | 1,003,401 | 67,800 | |||
Tradeweb Markets Inc. Class A | 758,787 | 59,959 | ||||
* | Markel Corp. | 43,528 | 55,603 | |||
Interactive Brokers Group Inc. Class A | 667,588 | 55,116 | ||||
Brown & Brown Inc. | 774,177 | 44,453 | ||||
1,270,968 | ||||||
Health Care (14.5%) | ||||||
* | Dexcom Inc. | 2,640,184 | 306,737 | |||
* | IQVIA Holdings Inc. | 1,268,960 | 252,383 | |||
ResMed Inc. | 1,003,772 | 219,816 | ||||
* | Seagen Inc. | 957,186 | 193,801 | |||
* | Veeva Systems Inc. Class A | 962,859 | 176,964 | |||
West Pharmaceutical Services Inc. | 506,534 | 175,499 | ||||
* | Horizon Therapeutics plc | 1,560,493 | 170,312 | |||
* | Alnylam Pharmaceuticals Inc. | 848,135 | 169,898 | |||
* | Align Technology Inc. | 507,021 | 169,416 | |||
* | Insulet Corp. | 474,512 | 151,350 | |||
* | IDEXX Laboratories Inc. | 283,224 | 141,635 | |||
Cooper Cos. Inc. | 337,707 | 126,086 | ||||
* | BioMarin Pharmaceutical Inc. | 1,269,832 | 123,479 | |||
* | Molina Healthcare Inc. | 395,603 | 105,820 | |||
* | Incyte Corp. | 1,294,866 | 93,580 | |||
* | Avantor Inc. | 4,377,637 | 92,543 | |||
* | Catalent Inc. | 1,168,850 | 76,805 | |||
* | Bio-Rad Laboratories Inc. Class A | 142,396 | 68,211 | |||
STERIS plc | 339,125 | 64,868 | ||||
* | Charles River Laboratories International Inc. | 174,201 | 35,157 | |||
2,914,360 | ||||||
Industrials (17.7%) | ||||||
Cintas Corp. | 590,183 | 273,066 | ||||
TransDigm Group Inc. | 354,398 | 261,209 | ||||
* | Mettler-Toledo International Inc. | 151,044 | 231,129 | |||
Old Dominion Freight Line Inc. | 676,590 | 230,609 | ||||
AMETEK Inc. | 1,572,096 | 228,473 | ||||
WW Grainger Inc. | 308,691 | 212,629 |
Shares | Market Value ($000) | |||||
Verisk Analytics Inc. Class A | 1,068,530 | 205,008 | ||||
Equifax Inc. | 836,908 | 169,758 | ||||
Quanta Services Inc. | 983,887 | 163,955 | ||||
Vulcan Materials Co. | 908,099 | 155,793 | ||||
Martin Marietta Materials Inc. | 424,240 | 150,631 | ||||
* | Teledyne Technologies Inc. | 320,254 | 143,269 | |||
Xylem Inc. | 1,231,616 | 128,950 | ||||
* | Waters Corp. | 405,907 | 125,681 | |||
* | Zebra Technologies Corp. Class A | 351,222 | 111,689 | |||
* | FleetCor Technologies Inc. | 478,713 | 100,937 | |||
JB Hunt Transport Services Inc. | 565,925 | 99,297 | ||||
* | Trimble Inc. | 1,687,201 | 88,443 | |||
TransUnion | 1,317,892 | 81,894 | ||||
Masco Corp. | 1,538,584 | 76,498 | ||||
HEICO Corp. Class A | 505,146 | 68,649 | ||||
Ball Corp. | 1,074,407 | 59,211 | ||||
* | BILL Holdings Inc. | 690,700 | 56,043 | |||
Howmet Aerospace Inc. | 1,267,925 | 53,722 | ||||
HEICO Corp. | 279,462 | 47,799 | ||||
Jack Henry & Associates Inc. | 249,413 | 37,592 | ||||
3,561,934 | ||||||
Real Estate (7.0%) | ||||||
Realty Income Corp. | 4,513,059 | 285,767 | ||||
Welltower Inc. | 3,352,354 | 240,330 | ||||
SBA Communications Corp. Class A | 737,891 | 192,641 | ||||
* | CoStar Group Inc. | 2,779,303 | 191,355 | |||
Extra Space Storage Inc. | 915,016 | 149,084 | ||||
Invitation Homes Inc. | 4,177,478 | 130,463 | ||||
Sun Communities Inc. | 847,915 | 119,454 | ||||
* | Zillow Group Inc. Class C | 1,049,189 | 46,657 | |||
Camden Property Trust | 364,602 | 38,225 | ||||
* | Zillow Group Inc. Class A | 274,775 | 12,008 | |||
1,405,984 | ||||||
Technology (23.3%) | ||||||
Amphenol Corp. Class A | 4,062,728 | 332,006 | ||||
Microchip Technology Inc. | 3,742,879 | 313,578 | ||||
* | ON Semiconductor Corp. | 2,951,446 | 242,963 | |||
* | ANSYS Inc. | 595,023 | 198,024 | |||
* | Cadence Design Systems Inc. | 932,447 | 195,898 | |||
* | Atlassian Corp. Class A | 1,025,614 | 175,554 | |||
* | Gartner Inc. | 513,187 | 167,181 | |||
Monolithic Power Systems Inc. | 305,768 | 153,049 | ||||
* | Fortinet Inc. | 2,268,583 | 150,770 | |||
* | HubSpot Inc. | 320,602 | 137,458 | |||
* | Datadog Inc. Class A | 1,795,884 | 130,489 | |||
* | VeriSign Inc. | 609,119 | 128,725 | |||
Skyworks Solutions Inc. | 1,086,209 | 128,151 | ||||
Marvell Technology Inc. | 2,914,753 | 126,209 | ||||
* | DoorDash Inc. Class A | 1,968,213 | 125,100 | |||
* | Cloudflare Inc. Class A | 1,860,036 | 114,690 | |||
Teradyne Inc. | 1,066,214 | 114,629 | ||||
* | EPAM Systems Inc. | 374,232 | 111,895 | |||
* | Pinterest Inc. Class A | 4,062,063 | 110,772 | |||
* | Splunk Inc. | 1,118,480 | 107,240 | |||
* | Paycom Software Inc. | 350,315 | 106,499 | |||
* | Zoom Video Communications Inc. Class A | 1,426,648 | 105,344 | |||
* | MongoDB Inc. Class A | 449,719 | 104,838 |
Shares | Market Value ($000) | |||||
* | Tyler Technologies Inc. | 285,723 | 101,329 | |||
* | Palantir Technologies Inc. Class A | 11,601,852 | 98,036 | |||
* | Okta Inc. Class A | 1,043,663 | 90,006 | |||
* | Akamai Technologies Inc. | 1,074,285 | 84,117 | |||
* | GoDaddy Inc. Class A | 1,048,880 | 81,519 | |||
* | DocuSign Inc. Class A | 1,373,741 | 80,089 | |||
* | Twilio Inc. Class A | 1,192,331 | 79,445 | |||
* | Snap Inc. Class A | 6,800,428 | 76,233 | |||
* | Match Group Inc. | 1,908,164 | 73,254 | |||
* | Zscaler Inc. | 591,117 | 69,060 | |||
Bentley Systems Inc. Class B | 1,512,707 | 65,031 | ||||
*,1 | Unity Software Inc. | 1,790,340 | 58,079 | |||
* | ZoomInfo Technologies Inc. Class A | 2,348,535 | 58,032 | |||
* | Black Knight Inc. | 959,677 | 55,239 | |||
* | Toast Inc. Class A | 1,085,896 | 19,275 | |||
* | UiPath Inc. Class A | 1,044,674 | 18,344 | |||
4,688,150 | ||||||
Telecommunications (3.6%) | ||||||
Motorola Solutions Inc. | 1,142,748 | 326,974 | ||||
* | Arista Networks Inc. | 1,570,086 | 263,555 | |||
* | Liberty Broadband Corp. Class C | 818,318 | 66,857 | |||
* | Roku Inc. Class A | 838,441 | 55,186 | |||
* | Liberty Broadband Corp. Class A | 111,636 | 9,168 | |||
721,740 | ||||||
Utilities (1.2%) | ||||||
Waste Connections Inc. | 1,757,482 | 244,413 | ||||
Total Common Stocks (Cost $16,087,969) | 20,116,623 | |||||
Coupon | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $68,702) | 4.839% | 687,310 | 68,724 | ||
Total Investments (100.3%) (Cost $16,156,671) | 20,185,347 | |||||
Other Assets and Liabilities—Net (-0.3%) | (66,122) | |||||
Net Assets (100%) | 20,119,225 |
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 $68,009,000. |
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 $68,673,000 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 2023 | 11 | 2,276 | 102 |
E-mini S&P Mid-Cap 400 Index | June 2023 | 12 | 3,035 | 72 |
174 |
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 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 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.
At March 31, 2023, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.