Vanguard® FTSE Social Index Fund
Schedule of Investments (unaudited)
As of November 30, 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 (99.8%) | |||
Basic Materials (1.6%) | |||
Linde plc | 243,934 | 100,933 | |
Air Products and Chemicals Inc. | 110,241 | 29,826 | |
Newmont Corp. (XNYS) | 572,930 | 23,026 | |
Nucor Corp. | 125,604 | 21,349 | |
Fastenal Co. | 284,310 | 17,050 | |
LyondellBasell Industries NV Class A | 129,077 | 12,275 | |
International Flavors & Fragrances Inc. | 126,830 | 9,560 | |
Steel Dynamics Inc. | 79,691 | 9,494 | |
Avery Dennison Corp. | 40,125 | 7,804 | |
CF Industries Holdings Inc. | 97,227 | 7,307 | |
Albemarle Corp. | 58,219 | 7,060 | |
International Paper Co. | 171,587 | 6,338 | |
Mosaic Co. | 163,994 | 5,886 | |
FMC Corp. | 61,948 | 3,324 | |
Westlake Corp. | 15,998 | 2,054 | |
263,286 | |||
Consumer Discretionary (15.9%) | |||
* | Amazon.com Inc. | 4,480,678 | 654,582 |
* | Tesla Inc. | 1,372,207 | 329,439 |
Home Depot Inc. | 503,658 | 157,892 | |
Costco Wholesale Corp. | 220,310 | 130,587 | |
* | Netflix Inc. | 218,083 | 103,365 |
McDonald's Corp. | 362,688 | 102,220 | |
* | Walt Disney Co. | 909,453 | 84,297 |
NIKE Inc. Class B | 591,331 | 65,206 | |
Lowe's Cos. Inc. | 291,598 | 57,978 | |
* | Booking Holdings Inc. | 18,451 | 57,672 |
Starbucks Corp. | 561,048 | 55,712 | |
* | Uber Technologies Inc. | 964,401 | 54,373 |
TJX Cos. Inc. | 572,671 | 50,458 | |
* | MercadoLibre Inc. | 22,974 | 37,228 |
Target Corp. | 228,644 | 30,595 | |
* | Chipotle Mexican Grill Inc. | 13,657 | 30,076 |
* | O'Reilly Automotive Inc. | 29,782 | 29,257 |
* | Airbnb Inc. Class A | 201,639 | 25,475 |
Marriott International Inc. Class A | 123,181 | 24,969 | |
* | Lululemon Athletica Inc. | 55,313 | 24,714 |
* | AutoZone Inc. | 9,006 | 23,505 |
Ross Stores Inc. | 166,907 | 21,761 | |
* | Copart Inc. | 426,525 | 21,420 |
Hilton Worldwide Holdings Inc. | 127,782 | 21,406 | |
Ford Motor Co. | 1,951,669 | 20,024 |
Shares | Market Value ($000) | ||
Electronic Arts Inc. | 136,322 | 18,814 | |
Yum! Brands Inc. | 139,282 | 17,487 | |
Lennar Corp. Class A | 123,428 | 15,789 | |
* | Trade Desk Inc. Class A | 218,972 | 15,429 |
Estee Lauder Cos. Inc. Class A | 114,977 | 14,681 | |
Dollar General Corp. | 108,844 | 14,272 | |
* | Take-Two Interactive Software Inc. | 81,925 | 12,961 |
* | Spotify Technology SA | 69,969 | 12,952 |
* | Dollar Tree Inc. | 104,325 | 12,894 |
* | Royal Caribbean Cruises Ltd. | 116,281 | 12,496 |
* | Warner Bros Discovery Inc. | 1,095,000 | 11,443 |
* | Aptiv plc | 135,001 | 11,183 |
Tractor Supply Co. | 54,698 | 11,104 | |
eBay Inc. | 265,630 | 10,893 | |
* | Ulta Beauty Inc. | 24,854 | 10,588 |
* | Expedia Group Inc. | 71,388 | 9,722 |
PulteGroup Inc. | 108,291 | 9,575 | |
Garmin Ltd. | 76,345 | 9,332 | |
Genuine Parts Co. | 69,575 | 9,238 | |
* | NVR Inc. | 1,466 | 9,024 |
* | Roblox Corp. Class A | 228,334 | 8,976 |
* | Coupang Inc. | 544,911 | 8,326 |
Omnicom Group Inc. | 97,927 | 7,896 | |
* | Carnival Corp. | 494,253 | 7,443 |
Domino's Pizza Inc. | 17,553 | 6,896 | |
Best Buy Co. Inc. | 96,887 | 6,873 | |
Pool Corp. | 18,878 | 6,557 | |
* | Live Nation Entertainment Inc. | 77,579 | 6,534 |
* | Liberty Media Corp.-Liberty Formula One Class C | 94,199 | 5,997 |
Interpublic Group of Cos. Inc. | 191,194 | 5,877 | |
LKQ Corp. | 131,941 | 5,875 | |
* | Rivian Automotive Inc. Class A | 328,484 | 5,505 |
* | Burlington Stores Inc. | 32,028 | 5,432 |
Rollins Inc. | 126,718 | 5,162 | |
* | CarMax Inc. | 78,317 | 5,008 |
* | Etsy Inc. | 60,800 | 4,609 |
Autoliv Inc. | 42,716 | 4,426 | |
News Corp. Class A | 192,215 | 4,236 | |
Vail Resorts Inc. | 19,007 | 4,130 | |
Paramount Global Class B | 285,866 | 4,108 | |
Fox Corp. Class A | 132,554 | 3,916 | |
BorgWarner Inc. (XNYS) | 115,962 | 3,907 | |
Lear Corp. | 29,031 | 3,883 | |
Bath & Body Works Inc. | 113,611 | 3,706 | |
Aramark | 116,123 | 3,253 | |
Hasbro Inc. | 65,006 | 3,017 | |
Delta Air Lines Inc. | 79,925 | 2,952 | |
VF Corp. | 173,351 | 2,900 | |
Whirlpool Corp. | 26,495 | 2,885 | |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 75,048 | 2,026 |
Southwest Airlines Co. | 74,280 | 1,899 | |
Fox Corp. Class B | 65,458 | 1,811 | |
* | United Airlines Holdings Inc. | 40,666 | 1,602 |
*,1 | Lucid Group Inc. | 367,373 | 1,550 |
1 | Sirius XM Holdings Inc. | 319,070 | 1,493 |
News Corp. Class B | 54,453 | 1,255 | |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 38,000 | 1,024 |
* | American Airlines Group Inc. | 80,894 | 1,006 |
Shares | Market Value ($000) | ||
* | Liberty Media Corp.-Liberty Formula One Class A | 13,999 | 803 |
Lennar Corp. Class B | 6,601 | 757 | |
Phinia Inc. | 22,656 | 578 | |
2,630,177 | |||
Consumer Staples (5.1%) | |||
Procter & Gamble Co. | 1,170,661 | 179,720 | |
PepsiCo Inc. | 684,878 | 115,258 | |
Coca-Cola Co. | 1,936,414 | 113,164 | |
Mondelez International Inc. Class A | 676,188 | 48,050 | |
CVS Health Corp. | 636,784 | 43,269 | |
Colgate-Palmolive Co. | 408,081 | 32,145 | |
McKesson Corp. | 67,420 | 31,725 | |
Kimberly-Clark Corp. | 167,710 | 20,751 | |
* | Monster Beverage Corp. | 369,175 | 20,360 |
Archer-Daniels-Midland Co. | 265,406 | 19,568 | |
General Mills Inc. | 292,179 | 18,600 | |
Sysco Corp. | 252,305 | 18,209 | |
Cencora Inc. | 80,535 | 16,378 | |
Corteva Inc. | 354,259 | 16,012 | |
Keurig Dr Pepper Inc. | 479,206 | 15,129 | |
Kroger Co. | 324,072 | 14,347 | |
Kraft Heinz Co. | 399,002 | 14,009 | |
Hershey Co. | 73,181 | 13,752 | |
Church & Dwight Co. Inc. | 121,281 | 11,719 | |
Clorox Co. | 61,474 | 8,812 | |
Bunge Global SA | 74,273 | 8,160 | |
McCormick & Co. Inc. | 124,895 | 8,097 | |
Lamb Weston Holdings Inc. | 72,095 | 7,212 | |
Walgreens Boots Alliance Inc. | 356,148 | 7,102 | |
Kellanova | 129,094 | 6,783 | |
Conagra Brands Inc. | 235,915 | 6,674 | |
Tyson Foods Inc. Class A | 138,062 | 6,467 | |
Coca-Cola Europacific Partners plc | 100,027 | 6,066 | |
J M Smucker Co. | 50,971 | 5,593 | |
Hormel Foods Corp. | 143,771 | 4,398 | |
Campbell Soup Co. | 94,875 | 3,812 | |
WK Kellogg Co. | 31,916 | 357 | |
841,698 | |||
Energy (0.1%) | |||
* | First Solar Inc. | 52,938 | 8,353 |
* | Enphase Energy Inc. | 65,997 | 6,667 |
* | SolarEdge Technologies Inc. | 27,793 | 2,206 |
17,226 | |||
Financials (9.6%) | |||
JPMorgan Chase & Co. | 1,435,522 | 224,056 | |
Bank of America Corp. | 3,463,164 | 105,592 | |
S&P Global Inc. | 159,488 | 66,320 | |
BlackRock Inc. | 73,892 | 55,510 | |
Goldman Sachs Group Inc. | 160,515 | 54,822 | |
Marsh & McLennan Cos. Inc. | 246,110 | 49,079 | |
Progressive Corp. | 290,608 | 47,668 | |
Morgan Stanley | 597,739 | 47,425 | |
Chubb Ltd. | 204,947 | 47,021 | |
Charles Schwab Corp. | 736,963 | 45,191 | |
Citigroup Inc. | 966,922 | 44,575 | |
Blackstone Inc. | 354,266 | 39,809 | |
CME Group Inc. | 178,477 | 38,972 |
Shares | Market Value ($000) | ||
Aon plc Class A (XNYS) | 100,521 | 33,020 | |
Intercontinental Exchange Inc. | 282,073 | 32,111 | |
US Bancorp | 761,816 | 29,040 | |
Moody's Corp. | 79,216 | 28,911 | |
PNC Financial Services Group Inc. | 197,955 | 26,518 | |
Arthur J Gallagher & Co. | 105,244 | 26,206 | |
Aflac Inc. | 299,112 | 24,740 | |
Apollo Global Management Inc. | 259,312 | 23,857 | |
American International Group Inc. | 359,433 | 23,654 | |
Truist Financial Corp. | 663,777 | 21,334 | |
Travelers Cos. Inc. | 114,641 | 20,706 | |
MetLife Inc. | 321,506 | 20,457 | |
MSCI Inc. | 38,258 | 19,927 | |
Bank of New York Mellon Corp. | 387,051 | 18,702 | |
Ameriprise Financial Inc. | 52,226 | 18,462 | |
Allstate Corp. | 130,629 | 18,010 | |
Prudential Financial Inc. | 182,343 | 17,830 | |
* | Arch Capital Group Ltd. | 177,675 | 14,870 |
Willis Towers Watson plc | 52,357 | 12,896 | |
Hartford Financial Services Group Inc. | 151,083 | 11,809 | |
Discover Financial Services | 124,594 | 11,587 | |
State Street Corp. | 157,937 | 11,501 | |
Broadridge Financial Solutions Inc. | 58,203 | 11,281 | |
T Rowe Price Group Inc. | 109,401 | 10,954 | |
M&T Bank Corp. | 82,064 | 10,518 | |
Raymond James Financial Inc. | 93,879 | 9,871 | |
Fifth Third Bancorp | 336,663 | 9,746 | |
Cboe Global Markets Inc. | 52,294 | 9,527 | |
Nasdaq Inc. | 169,530 | 9,467 | |
* | Markel Group Inc. | 6,524 | 9,389 |
* | NU Holdings Ltd. Class A | 1,147,124 | 9,338 |
Principal Financial Group Inc. | 119,903 | 8,852 | |
Everest Group Ltd. | 21,528 | 8,838 | |
Brown & Brown Inc. | 117,717 | 8,798 | |
FactSet Research Systems Inc. | 19,060 | 8,643 | |
LPL Financial Holdings Inc. | 38,762 | 8,617 | |
Northern Trust Corp. | 101,797 | 8,067 | |
Huntington Bancshares Inc. | 713,758 | 8,037 | |
First Citizens BancShares Inc. Class A | 5,401 | 7,928 | |
Cincinnati Financial Corp. | 76,262 | 7,839 | |
Regions Financial Corp. | 463,841 | 7,737 | |
W R Berkley Corp. | 100,575 | 7,297 | |
Loews Corp. | 91,625 | 6,440 | |
Citizens Financial Group Inc. | 235,030 | 6,409 | |
Fidelity National Financial Inc. | 128,642 | 5,768 | |
KeyCorp | 460,788 | 5,709 | |
Equitable Holdings Inc. | 177,402 | 5,445 | |
Globe Life Inc. | 43,523 | 5,359 | |
RenaissanceRe Holdings Ltd. | 24,912 | 5,340 | |
MarketAxess Holdings Inc. | 18,371 | 4,411 | |
Annaly Capital Management Inc. | 243,961 | 4,408 | |
Credicorp Ltd. | 33,854 | 4,250 | |
Ally Financial Inc. | 134,018 | 3,916 | |
Franklin Resources Inc. | 140,831 | 3,493 | |
Voya Financial Inc. | 48,564 | 3,473 | |
SEI Investments Co. | 50,419 | 2,958 | |
CNA Financial Corp. | 12,900 | 544 | |
1,580,855 |
Shares | Market Value ($000) | ||
Health Care (13.4%) | |||
UnitedHealth Group Inc. | 462,291 | 255,633 | |
Eli Lilly & Co. | 420,872 | 248,752 | |
Merck & Co. Inc. | 1,263,195 | 129,452 | |
AbbVie Inc. | 877,555 | 124,955 | |
Thermo Fisher Scientific Inc. | 191,816 | 95,095 | |
Abbott Laboratories | 860,788 | 89,772 | |
Pfizer Inc. | 2,809,931 | 85,619 | |
Danaher Corp. | 327,217 | 73,071 | |
Amgen Inc. | 265,647 | 71,629 | |
Elevance Health Inc. | 117,889 | 56,527 | |
* | Intuitive Surgical Inc. | 173,852 | 54,040 |
Medtronic plc | 660,401 | 52,350 | |
Stryker Corp. | 176,623 | 52,339 | |
Bristol-Myers Squibb Co. | 1,045,420 | 51,623 | |
Gilead Sciences Inc. | 621,460 | 47,604 | |
* | Vertex Pharmaceuticals Inc. | 128,086 | 45,446 |
* | Regeneron Pharmaceuticals Inc. | 51,510 | 42,434 |
Zoetis Inc. | 230,146 | 40,660 | |
* | Boston Scientific Corp. | 713,777 | 39,893 |
Cigna Group | 145,188 | 38,167 | |
Becton Dickinson & Co. | 140,895 | 33,277 | |
Humana Inc. | 62,117 | 30,118 | |
HCA Healthcare Inc. | 101,611 | 25,451 | |
* | DexCom Inc. | 192,515 | 22,239 |
* | Edwards Lifesciences Corp. | 300,962 | 20,378 |
* | IQVIA Holdings Inc. | 92,670 | 19,841 |
* | Centene Corp. | 269,013 | 19,821 |
* | IDEXX Laboratories Inc. | 40,871 | 19,038 |
Agilent Technologies Inc. | 146,701 | 18,748 | |
* | Biogen Inc. | 71,873 | 16,824 |
* | Seagen Inc. | 69,655 | 14,851 |
Cardinal Health Inc. | 126,708 | 13,568 | |
GE Healthcare Inc. | 193,723 | 13,262 | |
West Pharmaceutical Services Inc. | 36,763 | 12,895 | |
* | Moderna Inc. | 165,201 | 12,836 |
* | Veeva Systems Inc. Class A | 71,968 | 12,545 |
Zimmer Biomet Holdings Inc. | 104,258 | 12,126 | |
ResMed Inc. | 72,111 | 11,374 | |
* | ICON plc | 40,484 | 10,807 |
* | Molina Healthcare Inc. | 28,704 | 10,493 |
* | Alnylam Pharmaceuticals Inc. | 61,512 | 10,349 |
STERIS plc | 49,273 | 9,901 | |
Laboratory Corp. of America Holdings | 43,976 | 9,539 | |
Baxter International Inc. | 251,184 | 9,063 | |
* | Hologic Inc. | 120,631 | 8,601 |
* | BioMarin Pharmaceutical Inc. | 93,007 | 8,471 |
Cooper Cos. Inc. | 24,134 | 8,131 | |
* | Align Technology Inc. | 37,946 | 8,113 |
* | Illumina Inc. | 78,597 | 8,013 |
Quest Diagnostics Inc. | 55,564 | 7,625 | |
* | Avantor Inc. | 334,267 | 7,080 |
* | Insulet Corp. | 34,340 | 6,493 |
* | Exact Sciences Corp. | 88,465 | 5,662 |
Revvity Inc. | 62,543 | 5,560 | |
Viatris Inc. | 593,501 | 5,448 | |
Teleflex Inc. | 23,323 | 5,264 | |
Royalty Pharma plc Class A | 184,256 | 4,988 |
Shares | Market Value ($000) | ||
* | Incyte Corp. | 91,383 | 4,966 |
* | Charles River Laboratories International Inc. | 25,117 | 4,950 |
Bio-Techne Corp. | 77,205 | 4,856 | |
* | Henry Schein Inc. | 64,603 | 4,311 |
Universal Health Services Inc. Class B | 30,027 | 4,128 | |
* | Jazz Pharmaceuticals plc | 30,382 | 3,592 |
* | Catalent Inc. | 89,229 | 3,467 |
DENTSPLY SIRONA Inc. | 104,679 | 3,324 | |
* | Bio-Rad Laboratories Inc. Class A | 10,385 | 3,167 |
* | DaVita Inc. | 26,694 | 2,708 |
* | Masimo Corp. | 21,492 | 2,015 |
* | Fortrea Holdings Inc. | 43,662 | 1,285 |
2,216,623 | |||
Industrials (9.5%) | |||
Visa Inc. Class A | 805,358 | 206,719 | |
Mastercard Inc. Class A | 417,248 | 172,670 | |
Accenture plc Class A | 314,191 | 104,670 | |
Union Pacific Corp. | 303,099 | 68,279 | |
Caterpillar Inc. | 256,802 | 64,385 | |
United Parcel Service Inc. Class B (XNYS) | 360,088 | 54,593 | |
American Express Co. | 293,898 | 50,189 | |
Deere & Co. | 134,168 | 48,892 | |
Automatic Data Processing Inc. | 205,613 | 47,275 | |
* | Fiserv Inc. | 301,926 | 39,435 |
Illinois Tool Works Inc. | 150,730 | 36,508 | |
Sherwin-Williams Co. | 118,220 | 32,960 | |
CSX Corp. | 995,782 | 32,164 | |
* | PayPal Holdings Inc. | 558,312 | 32,164 |
FedEx Corp. | 115,332 | 29,851 | |
Trane Technologies plc | 113,052 | 25,483 | |
Cintas Corp. | 43,030 | 23,806 | |
PACCAR Inc. | 254,644 | 23,381 | |
Carrier Global Corp. | 414,700 | 21,548 | |
Capital One Financial Corp. | 189,740 | 21,186 | |
Paychex Inc. | 160,573 | 19,585 | |
Old Dominion Freight Line Inc. | 49,135 | 19,116 | |
Johnson Controls International plc | 341,023 | 18,006 | |
Otis Worldwide Corp. | 205,342 | 17,616 | |
Fidelity National Information Services Inc. | 293,845 | 17,231 | |
Verisk Analytics Inc. | 71,044 | 17,152 | |
* | Block Inc. (XNYS) | 269,311 | 17,082 |
DuPont de Nemours Inc. | 228,548 | 16,350 | |
Rockwell Automation Inc. | 57,047 | 15,713 | |
Global Payments Inc. | 129,935 | 15,130 | |
Ingersoll Rand Inc. (XYNS) | 200,823 | 14,345 | |
Martin Marietta Materials Inc. | 30,642 | 14,236 | |
Vulcan Materials Co. | 65,748 | 14,041 | |
Equifax Inc. | 60,484 | 13,168 | |
* | Fair Isaac Corp. | 12,045 | 13,100 |
* | Keysight Technologies Inc. | 88,036 | 11,963 |
* | Mettler-Toledo International Inc. | 10,809 | 11,803 |
Westinghouse Air Brake Technologies Corp. | 88,448 | 10,309 | |
Dover Corp. | 69,111 | 9,756 | |
Expeditors International of Washington Inc. | 75,602 | 9,098 | |
* | FleetCor Technologies Inc. | 35,720 | 8,591 |
* | Builders FirstSource Inc. | 63,215 | 8,478 |
* | Veralto Corp. | 109,169 | 8,433 |
* | Waters Corp. | 29,093 | 8,164 |
Shares | Market Value ($000) | ||
IDEX Corp. | 38,212 | 7,707 | |
JB Hunt Transport Services Inc. | 40,864 | 7,571 | |
Packaging Corp. of America | 44,009 | 7,394 | |
Snap-on Inc. | 25,872 | 7,107 | |
Stanley Black & Decker Inc. | 76,082 | 6,916 | |
Masco Corp. | 110,943 | 6,718 | |
Synchrony Financial | 206,015 | 6,667 | |
* | Zebra Technologies Corp. Class A | 25,367 | 6,011 |
Jack Henry & Associates Inc. | 36,055 | 5,722 | |
* | Trimble Inc. | 122,098 | 5,665 |
TransUnion | 95,665 | 5,617 | |
Pentair plc | 81,374 | 5,252 | |
Westrock Co. | 126,146 | 5,193 | |
Allegion plc | 44,590 | 4,731 | |
CH Robinson Worldwide Inc. | 57,013 | 4,678 | |
Fortune Brands Innovations Inc. | 64,608 | 4,421 | |
Robert Half Inc. | 52,120 | 4,273 | |
* | Generac Holdings Inc. | 30,214 | 3,537 |
* | Bill Holdings Inc. | 51,009 | 3,340 |
* | Vestis Corp. | 57,609 | 1,055 |
1,574,199 | |||
Real Estate (2.8%) | |||
Prologis Inc. | 459,935 | 52,860 | |
American Tower Corp. | 231,485 | 48,329 | |
Equinix Inc. | 46,401 | 37,817 | |
Crown Castle Inc. | 215,324 | 25,253 | |
Welltower Inc. | 255,690 | 22,782 | |
Digital Realty Trust Inc. | 148,293 | 20,580 | |
Public Storage | 78,266 | 20,252 | |
Simon Property Group Inc. | 161,092 | 20,119 | |
Realty Income Corp. | 334,255 | 18,036 | |
* | CoStar Group Inc. | 200,509 | 16,650 |
Extra Space Storage Inc. | 103,875 | 13,521 | |
SBA Communications Corp. | 53,327 | 13,170 | |
* | CBRE Group Inc. Class A | 155,127 | 12,249 |
AvalonBay Communities Inc. | 70,253 | 12,150 | |
Equity Residential | 187,149 | 10,638 | |
Invitation Homes Inc. | 303,121 | 10,112 | |
Alexandria Real Estate Equities Inc. | 85,116 | 9,312 | |
Iron Mountain Inc. | 143,754 | 9,222 | |
Ventas Inc. | 198,420 | 9,096 | |
Sun Communities Inc. | 61,094 | 7,902 | |
Mid-America Apartment Communities Inc. | 57,676 | 7,179 | |
Essex Property Trust Inc. | 31,718 | 6,770 | |
WP Carey Inc. | 105,382 | 6,559 | |
Equity LifeStyle Properties Inc. | 88,038 | 6,259 | |
Host Hotels & Resorts Inc. | 350,374 | 6,121 | |
Kimco Realty Corp. | 299,624 | 5,789 | |
Regency Centers Corp. | 89,599 | 5,625 | |
UDR Inc. | 162,751 | 5,436 | |
Healthpeak Properties Inc. | 271,746 | 4,707 | |
Boston Properties Inc. | 77,508 | 4,413 | |
Federal Realty Investment Trust | 39,990 | 3,823 | |
* | Zillow Group Inc. Class C | 77,763 | 3,184 |
* | Zillow Group Inc. Class A | 26,150 | 1,030 |
* | NET Lease Office Properties | 6,966 | 114 |
457,059 |
Shares | Market Value ($000) | ||
Technology (38.7%) | |||
Apple Inc. | 7,421,894 | 1,409,789 | |
Microsoft Corp. | 3,701,273 | 1,402,449 | |
NVIDIA Corp. | 1,181,724 | 552,692 | |
* | Alphabet Inc. Class A | 2,952,758 | 391,329 |
* | Meta Platforms Inc. Class A | 1,100,015 | 359,870 |
* | Alphabet Inc. Class C | 2,531,902 | 339,072 |
Broadcom Inc. | 214,405 | 198,481 | |
* | Adobe Inc. | 227,861 | 139,225 |
* | Salesforce Inc. | 470,689 | 118,567 |
* | Advanced Micro Devices Inc. | 797,136 | 96,581 |
Intel Corp. | 2,076,131 | 92,803 | |
Oracle Corp. | 756,126 | 87,869 | |
Intuit Inc. | 135,841 | 77,628 | |
QUALCOMM Inc. | 554,791 | 71,596 | |
* | ServiceNow Inc. | 101,237 | 69,422 |
Texas Instruments Inc. | 451,403 | 68,934 | |
Applied Materials Inc. | 419,767 | 62,873 | |
Lam Research Corp. | 66,705 | 47,755 | |
* | Palo Alto Networks Inc. | 149,862 | 44,223 |
Micron Technology Inc. | 543,418 | 41,365 | |
* | Synopsys Inc. | 75,519 | 41,024 |
KLA Corp. | 68,209 | 37,148 | |
* | Cadence Design Systems Inc. | 134,393 | 36,726 |
* | Snowflake Inc. Class A | 154,175 | 28,936 |
* | Workday Inc. Class A | 98,538 | 26,676 |
NXP Semiconductors NV | 128,785 | 26,282 | |
* | Crowdstrike Holdings Inc. Class A | 104,824 | 24,842 |
Marvell Technology Inc. | 425,054 | 23,688 | |
* | Autodesk Inc. | 107,265 | 23,430 |
Microchip Technology Inc. | 267,675 | 22,335 | |
* | Palantir Technologies Inc. Class A | 930,526 | 18,657 |
Cognizant Technology Solutions Corp. Class A | 253,277 | 17,826 | |
* | Fortinet Inc. | 326,335 | 17,152 |
* | Gartner Inc. | 38,113 | 16,573 |
* | Datadog Inc. Class A | 135,687 | 15,817 |
* | ON Semiconductor Corp. | 214,221 | 15,280 |
CDW Corp. | 67,106 | 14,151 | |
* | DoorDash Inc. Class A | 149,903 | 14,088 |
* | Atlassian Corp. Ltd. Class A | 71,913 | 13,732 |
* | MongoDB Inc. | 32,638 | 13,569 |
HP Inc. | 431,376 | 12,657 | |
Monolithic Power Systems Inc. | 22,541 | 12,369 | |
* | Splunk Inc. | 75,919 | 11,505 |
* | HubSpot Inc. | 22,695 | 11,210 |
* | Cloudflare Inc. Class A | 142,893 | 11,024 |
Hewlett Packard Enterprise Co. | 646,104 | 10,926 | |
Corning Inc. | 380,096 | 10,829 | |
* | Pinterest Inc. Class A | 294,846 | 10,045 |
NetApp Inc. | 104,638 | 9,563 | |
* | VeriSign Inc. | 44,956 | 9,540 |
* | PTC Inc. | 56,901 | 8,954 |
* | Akamai Technologies Inc. | 76,461 | 8,834 |
* | Zscaler Inc. | 43,381 | 8,569 |
* | Zoom Video Communications Inc. Class A | 124,686 | 8,457 |
* | Tyler Technologies Inc. | 20,626 | 8,433 |
* | GoDaddy Inc. Class A | 76,642 | 7,669 |
* | Western Digital Corp. | 158,714 | 7,667 |
Shares | Market Value ($000) | ||
Skyworks Solutions Inc. | 79,083 | 7,666 | |
Seagate Technology Holdings plc | 95,972 | 7,591 | |
Teradyne Inc. | 77,489 | 7,147 | |
* | EPAM Systems Inc. | 27,645 | 7,138 |
* | Check Point Software Technologies Ltd. | 46,483 | 6,787 |
Gen Digital Inc. (XNGS) | 274,610 | 6,063 | |
SS&C Technologies Holdings Inc. | 107,687 | 6,058 | |
* | Flex Ltd. | 219,194 | 5,579 |
* | Twilio Inc. Class A | 84,009 | 5,434 |
* | F5 Inc. | 29,877 | 5,115 |
* | Ceridian HCM Holding Inc. | 73,167 | 5,041 |
* | Okta Inc. | 74,420 | 4,990 |
Amdocs Ltd. | 58,898 | 4,934 | |
* | Qorvo Inc. | 48,476 | 4,678 |
Paycom Software Inc. | 25,605 | 4,651 | |
* | Match Group Inc. | 138,370 | 4,480 |
* | DocuSign Inc. | 100,538 | 4,333 |
* | Unity Software Inc. | 142,365 | 4,201 |
* | UiPath Inc. Class A | 185,714 | 3,670 |
* | Arrow Electronics Inc. | 28,390 | 3,366 |
* | ZoomInfo Technologies Inc. | 153,600 | 2,207 |
*,1 | GLOBALFOUNDRIES Inc. | 38,600 | 2,072 |
*,2 | Yandex NV Class A | 149,782 | — |
6,401,907 | |||
Telecommunications (2.7%) | |||
Cisco Systems Inc. | 2,039,319 | 98,662 | |
Comcast Corp. Class A | 2,035,123 | 85,251 | |
Verizon Communications Inc. | 2,092,131 | 80,191 | |
AT&T Inc. | 3,558,462 | 58,964 | |
T-Mobile US Inc. | 264,730 | 39,829 | |
* | Arista Networks Inc. | 124,670 | 27,391 |
Motorola Solutions Inc. | 82,109 | 26,511 | |
* | Charter Communications Inc. Class A | 50,977 | 20,397 |
Juniper Networks Inc. | 157,748 | 4,488 | |
* | Liberty Global Ltd. Class C | 122,734 | 2,067 |
* | Liberty Global Ltd. Class A | 88,009 | 1,408 |
Ubiquiti Inc. | 2,000 | 225 | |
445,384 | |||
Utilities (0.4%) | |||
Waste Management Inc. | 202,154 | 34,566 | |
Republic Services Inc. | 102,665 | 16,615 | |
American Water Works Co. Inc. | 96,563 | 12,731 | |
Atmos Energy Corp. | 71,684 | 8,159 | |
72,071 | |||
Total Common Stocks (Cost $9,833,617) | 16,500,485 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.438% (Cost $24,958) | 249,610 | 24,958 |
Total Investments (99.9%) (Cost $9,858,575) | 16,525,443 | ||
Other Assets and Liabilities—Net (0.1%) | 10,971 | ||
Net Assets (100%) | 16,536,414 | ||
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 $4,044,000. |
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 $4,448,000 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 | December 2023 | 202 | 46,225 | 857 |
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.
The following table summarizes the market value of the fund’s investments and derivatives as of November 30, 2023, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 16,500,485 | — | — | 16,500,485 |
Temporary Cash Investments | 24,958 | — | — | 24,958 |
Total | 16,525,443 | — | — | 16,525,443 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 857 | — | — | 857 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |