Vanguard® Growth and Income Fund
Schedule of Investments (unaudited)
As of December 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 (97.2%) | |||
Communication Services (8.1%) | |||
* | Alphabet Inc. Class A | 2,736,315 | 382,236 |
* | Meta Platforms Inc. Class A | 568,446 | 201,207 |
* | Alphabet Inc. Class C | 1,149,952 | 162,063 |
* | Netflix Inc. | 180,298 | 87,783 |
T-Mobile US Inc. | 431,709 | 69,216 | |
AT&T Inc. | 2,357,050 | 39,551 | |
* | Live Nation Entertainment Inc. | 351,742 | 32,923 |
Omnicom Group Inc. | 375,283 | 32,466 | |
Verizon Communications Inc. | 322,290 | 12,150 | |
Electronic Arts Inc. | 86,900 | 11,889 | |
Walt Disney Co. | 114,290 | 10,319 | |
* | Trade Desk Inc. Class A | 47,700 | 3,432 |
Iridium Communications Inc. | 80,000 | 3,293 | |
* | Yelp Inc. | 49,500 | 2,343 |
* | Lumen Technologies Inc. | 1,217,500 | 2,228 |
Fox Corp. Class B | 44,600 | 1,233 | |
Fox Corp. Class A | 37,800 | 1,122 | |
* | Spotify Technology SA | 5,400 | 1,015 |
* | AMC Networks Inc. Class A | 45,900 | 862 |
* | Eventbrite Inc. Class A | 100,000 | 836 |
* | Snap Inc. Class A | 43,400 | 735 |
* | Altice USA Inc. Class A | 211,600 | 688 |
Warner Music Group Corp. Class A | 17,271 | 618 | |
* | Gogo Inc. | 58,200 | 590 |
* | Globalstar Inc. | 296,900 | 576 |
* | Vimeo Inc. | 146,492 | 574 |
* | QuinStreet Inc. | 27,200 | 349 |
* | IDT Corp. Class B | 9,000 | 307 |
* | Gannett Co. Inc. | 131,846 | 303 |
* | Lions Gate Entertainment Corp. Class A | 26,400 | 288 |
* | Liberty Media Corp. - Liberty Formula One Class A | 4,500 | 261 |
Gray Television Inc. | 20,800 | 186 | |
Scholastic Corp. | 3,300 | 124 | |
* | Liberty Media Corp. - Liberty Formula One Class C | 1,800 | 114 |
* | Madison Square Garden Sports Corp. | 600 | 109 |
* | Match Group Inc. | 2,900 | 106 |
* | Lions Gate Entertainment Corp. Class B | 10,199 | 104 |
* | Liberty Global Ltd. Class A | 5,700 | 101 |
* | EW Scripps Co. Class A | 10,100 | 81 |
* | Charter Communications Inc. Class A | 200 | 78 |
Sinclair Inc. | 6,000 | 78 | |
Paramount Global Class B | 5,200 | 77 |
Shares | Market Value ($000) | ||
* | Frontier Communications Parent Inc. | 2,900 | 73 |
John Wiley & Sons Inc. Class A | 1,900 | 60 | |
* | ZipRecruiter Inc. Class A | 3,300 | 46 |
* | United States Cellular Corp. | 1,000 | 42 |
Sirius XM Holdings Inc. | 5,600 | 31 | |
* | DHI Group Inc. | 10,500 | 27 |
Entravision Communications Corp. Class A | 6,400 | 27 | |
* | WideOpenWest Inc. | 5,200 | 21 |
* | Consolidated Communications Holdings Inc. | 2,800 | 12 |
* | comScore Inc. | 594 | 10 |
* | Liberty Media Corp. - Liberty SiriusXM Class C | 100 | 3 |
*,1 | Yandex NV Class A | 23,500 | — |
1,064,966 | |||
Consumer Discretionary (14.9%) | |||
* | Amazon.com Inc. | 3,951,710 | 600,423 |
* | Tesla Inc. | 610,186 | 151,619 |
* | Chipotle Mexican Grill Inc. | 62,280 | 142,432 |
* | Booking Holdings Inc. | 36,628 | 129,928 |
Ross Stores Inc. | 799,496 | 110,642 | |
* | AutoZone Inc. | 29,411 | 76,045 |
McDonald's Corp. | 249,529 | 73,988 | |
Marriott International Inc. Class A | 306,862 | 69,200 | |
Starbucks Corp. | 707,872 | 67,963 | |
Lennar Corp. Class A | 454,441 | 67,730 | |
TJX Cos. Inc. | 685,550 | 64,311 | |
Home Depot Inc. | 173,482 | 60,120 | |
NIKE Inc. Class B | 252,204 | 27,382 | |
PulteGroup Inc. | 253,920 | 26,210 | |
DR Horton Inc. | 171,870 | 26,121 | |
Lowe's Cos. Inc. | 108,335 | 24,110 | |
Yum! Brands Inc. | 128,693 | 16,815 | |
* | Ulta Beauty Inc. | 30,983 | 15,181 |
* | Royal Caribbean Cruises Ltd. | 116,630 | 15,102 |
* | Airbnb Inc. Class A | 109,100 | 14,853 |
Genuine Parts Co. | 102,600 | 14,210 | |
* | O'Reilly Automotive Inc. | 13,440 | 12,769 |
Domino's Pizza Inc. | 30,712 | 12,660 | |
Darden Restaurants Inc. | 76,183 | 12,517 | |
Hilton Worldwide Holdings Inc. | 68,510 | 12,475 | |
Las Vegas Sands Corp. | 246,050 | 12,108 | |
* | Expedia Group Inc. | 77,290 | 11,732 |
General Motors Co. | 239,200 | 8,592 | |
H&R Block Inc. | 148,700 | 7,193 | |
Bath & Body Works Inc. | 163,470 | 7,055 | |
Advance Auto Parts Inc. | 105,100 | 6,414 | |
Williams-Sonoma Inc. | 27,900 | 5,630 | |
* | Lululemon Athletica Inc. | 9,130 | 4,668 |
* | Duolingo Inc. | 19,698 | 4,468 |
* | Chegg Inc. | 328,400 | 3,731 |
Tapestry Inc. | 95,050 | 3,499 | |
* | Figs Inc. Class A | 448,000 | 3,114 |
Harley-Davidson Inc. | 83,000 | 3,058 | |
VF Corp. | 145,300 | 2,732 | |
Penske Automotive Group Inc. | 16,700 | 2,680 | |
* | Mohawk Industries Inc. | 23,920 | 2,476 |
Newell Brands Inc. | 209,400 | 1,818 | |
Marriott Vacations Worldwide Corp. | 19,200 | 1,630 | |
* | Coursera Inc. | 82,900 | 1,606 |
Shares | Market Value ($000) | ||
Yum China Holdings Inc. | 37,600 | 1,595 | |
* | Caesars Entertainment Inc. | 33,100 | 1,552 |
Phinia Inc. | 41,709 | 1,263 | |
* | Visteon Corp. | 10,036 | 1,253 |
* | Aptiv plc | 11,400 | 1,023 |
* | GoPro Inc. Class A | 271,935 | 944 |
Dick's Sporting Goods Inc. | 6,200 | 911 | |
Aaron's Co. Inc. | 75,300 | 819 | |
Group 1 Automotive Inc. | 2,500 | 762 | |
* | Adient plc | 20,000 | 727 |
* | Grand Canyon Education Inc. | 5,406 | 714 |
Acushnet Holdings Corp. | 11,148 | 704 | |
Pool Corp. | 1,600 | 638 | |
Laureate Education Inc. | 45,900 | 629 | |
* | Genesco Inc. | 17,408 | 613 |
* | Sleep Number Corp. | 39,317 | 583 |
* | Playa Hotels & Resorts NV | 59,069 | 511 |
* | ODP Corp. | 8,900 | 501 |
* | Under Armour Inc. Class C | 54,700 | 457 |
* | Children's Place Inc. | 18,000 | 418 |
* | Coupang Inc. | 25,700 | 416 |
Toll Brothers Inc. | 3,800 | 391 | |
* | Qurate Retail Inc. Series A | 433,200 | 379 |
* | CarParts.com Inc. | 114,400 | 361 |
* | AutoNation Inc. | 2,315 | 348 |
* | Adtalem Global Education Inc. | 4,364 | 257 |
* | CarMax Inc. | 3,000 | 230 |
Hibbett Inc. | 2,500 | 180 | |
* | American Public Education Inc. | 17,594 | 170 |
Monarch Casino & Resort Inc. | 2,312 | 160 | |
* | Vizio Holding Corp. Class A | 20,400 | 157 |
* | LL Flooring Holdings Inc. | 38,719 | 151 |
* | Zumiez Inc. | 7,402 | 150 |
Best Buy Co. Inc. | 1,900 | 149 | |
* | NVR Inc. | 21 | 147 |
* | JAKKS Pacific Inc. | 4,000 | 142 |
* | Noodles & Co. | 43,239 | 136 |
* | Lovesac Co. | 5,100 | 130 |
Leggett & Platt Inc. | 4,800 | 126 | |
LKQ Corp. | 1,800 | 86 | |
* | Fossil Group Inc. | 58,423 | 85 |
* | Universal Electronics Inc. | 8,596 | 81 |
Murphy USA Inc. | 200 | 71 | |
Wynn Resorts Ltd. | 600 | 55 | |
* | Container Store Group Inc. | 17,600 | 40 |
* | 2U Inc. | 29,182 | 36 |
Build-A-Bear Workshop Inc. | 1,210 | 28 | |
* | Green Brick Partners Inc. | 400 | 21 |
Cato Corp. Class A | 2,200 | 16 | |
* | Duluth Holdings Inc. Class B | 2,768 | 15 |
* | Barnes & Noble Education Inc. | 9,507 | 14 |
* | American Outdoor Brands Inc. | 1,208 | 10 |
1,960,365 | |||
Consumer Staples (4.2%) | |||
Procter & Gamble Co. | 634,983 | 93,050 | |
Walmart Inc. | 527,762 | 83,202 | |
Target Corp. | 413,710 | 58,921 | |
Costco Wholesale Corp. | 83,761 | 55,289 |
Shares | Market Value ($000) | ||
Coca-Cola Co. | 905,388 | 53,355 | |
PepsiCo Inc. | 258,567 | 43,915 | |
* | Monster Beverage Corp. | 458,350 | 26,406 |
Kimberly-Clark Corp. | 151,400 | 18,397 | |
Colgate-Palmolive Co. | 205,400 | 16,372 | |
Kroger Co. | 320,500 | 14,650 | |
Clorox Co. | 82,000 | 11,692 | |
Hershey Co. | 51,900 | 9,676 | |
Philip Morris International Inc. | 97,000 | 9,126 | |
Sysco Corp. | 115,194 | 8,424 | |
General Mills Inc. | 108,100 | 7,042 | |
Molson Coors Beverage Co. Class B | 100,600 | 6,158 | |
Coca-Cola Europacific Partners plc | 75,000 | 5,006 | |
Tyson Foods Inc. Class A | 75,500 | 4,058 | |
Altria Group Inc. | 93,600 | 3,776 | |
* | United Natural Foods Inc. | 210,600 | 3,418 |
* | Vita Coco Co. Inc. | 107,800 | 2,765 |
* | Performance Food Group Co. | 37,215 | 2,573 |
Coca-Cola Consolidated Inc. | 2,100 | 1,950 | |
McCormick & Co. Inc. | 27,100 | 1,854 | |
Archer-Daniels-Midland Co. | 24,900 | 1,798 | |
Estee Lauder Cos. Inc. Class A | 11,300 | 1,653 | |
Vector Group Ltd. | 86,300 | 973 | |
Dollar General Corp. | 6,500 | 884 | |
WK Kellogg Co. | 44,600 | 586 | |
Medifast Inc. | 7,651 | 514 | |
SpartanNash Co. | 22,200 | 509 | |
Conagra Brands Inc. | 16,900 | 484 | |
* | Olaplex Holdings Inc. | 170,400 | 433 |
Nu Skin Enterprises Inc. Class A | 20,700 | 402 | |
* | BellRing Brands Inc. | 6,600 | 366 |
Kellanova | 5,802 | 324 | |
Flowers Foods Inc. | 6,952 | 156 | |
Reynolds Consumer Products Inc. | 5,300 | 142 | |
Hormel Foods Corp. | 3,800 | 122 | |
* | Hain Celestial Group Inc. | 8,500 | 93 |
* | US Foods Holding Corp. | 700 | 32 |
* | Celsius Holdings Inc. | 500 | 27 |
* | Chefs' Warehouse Inc. | 600 | 18 |
550,591 | |||
Energy (4.0%) | |||
Exxon Mobil Corp. | 1,074,791 | 107,458 | |
Shell plc ADR | 1,377,800 | 90,659 | |
BP plc ADR | 2,511,852 | 88,920 | |
Chevron Corp. | 395,435 | 58,983 | |
Marathon Petroleum Corp. | 175,000 | 25,963 | |
Cheniere Energy Inc. | 125,900 | 21,492 | |
Valero Energy Corp. | 148,824 | 19,347 | |
Baker Hughes Co. | 414,710 | 14,175 | |
Schlumberger NV | 244,480 | 12,723 | |
APA Corp. | 311,290 | 11,169 | |
Phillips 66 | 76,690 | 10,210 | |
Devon Energy Corp. | 204,900 | 9,282 | |
* | Southwestern Energy Co. | 997,796 | 6,536 |
Hess Corp. | 36,900 | 5,319 | |
Pioneer Natural Resources Co. | 22,700 | 5,105 | |
Range Resources Corp. | 153,600 | 4,676 | |
Halliburton Co. | 124,690 | 4,507 |
Shares | Market Value ($000) | ||
ConocoPhillips | 32,500 | 3,772 | |
* | CNX Resources Corp. | 183,903 | 3,678 |
Kinder Morgan Inc. | 143,400 | 2,530 | |
* | Transocean Ltd. (XNYS) | 353,000 | 2,241 |
Equitrans Midstream Corp. | 200,100 | 2,037 | |
Marathon Oil Corp. | 72,600 | 1,754 | |
Occidental Petroleum Corp. | 26,100 | 1,558 | |
PBF Energy Inc. Class A | 35,300 | 1,552 | |
Targa Resources Corp. | 15,920 | 1,383 | |
Peabody Energy Corp. | 29,900 | 727 | |
* | Antero Resources Corp. | 30,300 | 687 |
Coterra Energy Inc. | 22,400 | 572 | |
Williams Cos. Inc. | 15,700 | 547 | |
SM Energy Co. | 12,073 | 467 | |
Golar LNG Ltd. | 19,500 | 448 | |
Delek US Holdings Inc. | 15,700 | 405 | |
EOG Resources Inc. | 2,500 | 302 | |
Liberty Energy Inc. | 15,700 | 285 | |
Ovintiv Inc. (XNYS) | 5,600 | 246 | |
2 | Euronav NV | 13,800 | 243 |
*,2 | Tellurian Inc. | 266,000 | 201 |
* | Teekay Corp. | 27,511 | 197 |
Frontline plc | 8,520 | 171 | |
California Resources Corp. | 3,075 | 168 | |
* | REX American Resources Corp. | 2,700 | 128 |
* | Gevo Inc. | 108,150 | 125 |
* | Gulfport Energy Corp. | 800 | 107 |
* | Oceaneering International Inc. | 3,893 | 83 |
* | TETRA Technologies Inc. | 18,000 | 81 |
* | Expro Group Holdings NV | 4,632 | 74 |
* | Par Pacific Holdings Inc. | 1,200 | 44 |
523,337 | |||
Financials (12.5%) | |||
Visa Inc. Class A | 882,981 | 229,884 | |
* | Berkshire Hathaway Inc. Class B | 333,627 | 118,991 |
American Express Co. | 479,997 | 89,923 | |
JPMorgan Chase & Co. | 512,261 | 87,136 | |
S&P Global Inc. | 180,594 | 79,555 | |
* | Arch Capital Group Ltd. | 1,030,923 | 76,567 |
Mastercard Inc. Class A | 171,470 | 73,134 | |
Northern Trust Corp. | 817,594 | 68,989 | |
Ares Management Corp. Class A | 547,720 | 65,135 | |
KKR & Co. Inc. | 661,559 | 54,810 | |
Progressive Corp. | 314,171 | 50,041 | |
CME Group Inc. | 147,360 | 31,034 | |
Cincinnati Financial Corp. | 293,970 | 30,414 | |
Tradeweb Markets Inc. Class A | 314,138 | 28,549 | |
W R Berkley Corp. | 353,645 | 25,010 | |
Charles Schwab Corp. | 363,160 | 24,985 | |
Chubb Ltd. | 110,287 | 24,925 | |
Cboe Global Markets Inc. | 135,570 | 24,207 | |
MSCI Inc. | 42,240 | 23,893 | |
MetLife Inc. | 345,574 | 22,853 | |
* | PayPal Holdings Inc. | 328,870 | 20,196 |
Bank of America Corp. | 590,000 | 19,865 | |
Travelers Cos. Inc. | 102,200 | 19,468 | |
American International Group Inc. | 287,104 | 19,451 | |
Fifth Third Bancorp | 548,352 | 18,913 |
Shares | Market Value ($000) | ||
Apollo Global Management Inc. | 188,600 | 17,576 | |
Zions Bancorp NA | 378,800 | 16,618 | |
Fidelity National Information Services Inc. | 272,400 | 16,363 | |
Wells Fargo & Co. | 329,300 | 16,208 | |
* | NU Holdings Ltd. Class A | 1,890,900 | 15,751 |
Moody's Corp. | 35,933 | 14,034 | |
Capital One Financial Corp. | 100,040 | 13,117 | |
M&T Bank Corp. | 95,420 | 13,080 | |
* | Fiserv Inc. | 93,440 | 12,413 |
Everest Group Ltd. | 34,519 | 12,205 | |
Loews Corp. | 174,865 | 12,169 | |
Marsh & McLennan Cos. Inc. | 60,090 | 11,385 | |
Morgan Stanley | 120,900 | 11,274 | |
Discover Financial Services | 89,855 | 10,100 | |
Brown & Brown Inc. | 123,960 | 8,815 | |
Affiliated Managers Group Inc. | 57,910 | 8,769 | |
Globe Life Inc. | 67,278 | 8,189 | |
MarketAxess Holdings Inc. | 26,785 | 7,844 | |
Bank of New York Mellon Corp. | 143,700 | 7,480 | |
* | FleetCor Technologies Inc. | 25,820 | 7,297 |
Assurant Inc. | 33,799 | 5,695 | |
Virtu Financial Inc. Class A | 251,400 | 5,093 | |
Comerica Inc. | 86,460 | 4,825 | |
FS KKR Capital Corp. | 216,100 | 4,315 | |
Unum Group | 94,900 | 4,291 | |
* | StoneCo. Ltd. Class A | 207,000 | 3,732 |
Western Union Co. | 288,700 | 3,441 | |
Nasdaq Inc. | 38,600 | 2,244 | |
Aflac Inc. | 26,895 | 2,219 | |
Federated Hermes Inc. | 56,600 | 1,916 | |
First Horizon Corp. | 117,500 | 1,664 | |
* | Flywire Corp. | 68,900 | 1,595 |
PNC Financial Services Group Inc. | 10,100 | 1,564 | |
Lincoln National Corp. | 57,900 | 1,562 | |
State Street Corp. | 19,500 | 1,510 | |
Ameriprise Financial Inc. | 3,600 | 1,367 | |
Prudential Financial Inc. | 12,042 | 1,249 | |
Truist Financial Corp. | 32,300 | 1,192 | |
KeyCorp. | 77,900 | 1,122 | |
Enact Holdings Inc. | 37,400 | 1,080 | |
UBS Group AG (Registered) | 33,100 | 1,023 | |
Equitable Holdings Inc. | 28,700 | 956 | |
Western Alliance Bancorp | 13,017 | 856 | |
Arthur J Gallagher & Co. | 3,800 | 855 | |
* | WEX Inc. | 4,300 | 837 |
Invesco Ltd. | 45,600 | 813 | |
Jefferies Financial Group Inc. | 19,500 | 788 | |
Burford Capital Ltd. | 49,000 | 764 | |
* | Customers Bancorp Inc. | 13,200 | 761 |
BOK Financial Corp. | 8,700 | 745 | |
* | Encore Capital Group Inc. | 12,800 | 650 |
Aon plc Class A (XNYS) | 2,200 | 640 | |
Franklin Resources Inc. | 21,400 | 637 | |
Hartford Financial Services Group Inc. | 7,722 | 621 | |
* | Payoneer Global Inc. | 118,400 | 617 |
Raymond James Financial Inc. | 5,396 | 602 | |
Rithm Capital Corp. | 55,100 | 588 | |
Live Oak Bancshares Inc. | 10,500 | 478 |
Shares | Market Value ($000) | ||
First Foundation Inc. | 48,254 | 467 | |
* | LendingClub Corp. | 51,900 | 454 |
Kinsale Capital Group Inc. | 1,300 | 435 | |
Reinsurance Group of America Inc. | 2,600 | 421 | |
* | PROG Holdings Inc. | 11,700 | 362 |
James River Group Holdings Ltd. | 38,700 | 358 | |
* | Paysafe Ltd. | 24,600 | 315 |
OneMain Holdings Inc. | 5,800 | 285 | |
* | Markel Group Inc. | 200 | 284 |
American Financial Group Inc. | 2,300 | 273 | |
* | PRA Group Inc. | 9,320 | 244 |
Berkshire Hills Bancorp Inc. | 9,777 | 243 | |
MGIC Investment Corp. | 12,600 | 243 | |
East West Bancorp Inc. | 3,200 | 230 | |
* | EZCorp. Inc. Class A | 25,400 | 222 |
Federal Agricultural Mortgage Corp. Class C | 1,100 | 210 | |
Carlyle Secured Lending Inc. | 13,800 | 206 | |
Ladder Capital Corp. | 16,916 | 195 | |
LPL Financial Holdings Inc. | 800 | 182 | |
Stifel Financial Corp. | 2,598 | 180 | |
First Internet Bancorp | 7,048 | 170 | |
Nelnet Inc. Class A | 1,900 | 168 | |
Hanmi Financial Corp. | 8,590 | 167 | |
Granite Point Mortgage Trust Inc. | 25,033 | 149 | |
* | Ryan Specialty Holdings Inc. | 3,300 | 142 |
* | Donnelley Financial Solutions Inc. | 2,100 | 131 |
* | Enova International Inc. | 2,290 | 127 |
Eagle Bancorp Inc. | 3,145 | 95 | |
* | Green Dot Corp. Class A | 8,900 | 88 |
Bank of NT Butterfield & Son Ltd. | 2,736 | 88 | |
* | Open Lending Corp. Class A | 9,477 | 81 |
Mercury General Corp. | 2,075 | 77 | |
PennyMac Mortgage Investment Trust | 4,800 | 72 | |
* | Repay Holdings Corp. | 7,100 | 61 |
* | MBIA Inc. | 6,700 | 41 |
HomeTrust Bancshares Inc. | 1,462 | 39 | |
Central Pacific Financial Corp. | 1,800 | 35 | |
* | Brighthouse Financial Inc. | 600 | 32 |
Citizens Financial Group Inc. | 900 | 30 | |
Pathward Financial Inc. | 400 | 21 | |
1,641,145 | |||
Health Care (10.8%) | |||
Merck & Co. Inc. | 1,466,980 | 159,930 | |
Eli Lilly & Co. | 265,774 | 154,925 | |
UnitedHealth Group Inc. | 217,521 | 114,518 | |
* | Centene Corp. | 1,057,685 | 78,491 |
AbbVie Inc. | 494,647 | 76,655 | |
Amgen Inc. | 265,926 | 76,592 | |
Humana Inc. | 152,030 | 69,601 | |
* | Boston Scientific Corp. | 1,186,454 | 68,589 |
Laboratory Corp. of America Holdings | 288,505 | 65,574 | |
* | Vertex Pharmaceuticals Inc. | 160,959 | 65,493 |
Johnson & Johnson | 412,379 | 64,636 | |
* | Edwards Lifesciences Corp. | 728,287 | 55,532 |
Pfizer Inc. | 1,577,100 | 45,405 | |
Elevance Health Inc. | 90,646 | 42,745 | |
* | Incyte Corp. | 417,280 | 26,201 |
Stryker Corp. | 75,930 | 22,738 |
Shares | Market Value ($000) | ||
Bristol-Myers Squibb Co. | 423,028 | 21,706 | |
Gilead Sciences Inc. | 245,300 | 19,872 | |
CVS Health Corp. | 202,857 | 16,018 | |
Becton Dickinson & Co. | 63,400 | 15,459 | |
* | IQVIA Holdings Inc. | 63,070 | 14,593 |
Abbott Laboratories | 124,428 | 13,696 | |
Zoetis Inc. | 67,890 | 13,399 | |
Thermo Fisher Scientific Inc. | 16,200 | 8,599 | |
HCA Healthcare Inc. | 31,344 | 8,484 | |
* | Illumina Inc. | 59,820 | 8,329 |
* | Regeneron Pharmaceuticals Inc. | 9,400 | 8,256 |
* | ACADIA Pharmaceuticals Inc. | 247,200 | 7,740 |
Medtronic plc | 83,600 | 6,887 | |
* | Molina Healthcare Inc. | 17,320 | 6,258 |
Agilent Technologies Inc. | 40,200 | 5,589 | |
* | Medpace Holdings Inc. | 17,024 | 5,218 |
Zimmer Biomet Holdings Inc. | 41,120 | 5,004 | |
Alcon Inc. | 50,521 | 3,947 | |
* | Hologic Inc. | 55,100 | 3,937 |
* | Inspire Medical Systems Inc. | 19,300 | 3,926 |
Patterson Cos. Inc. | 121,700 | 3,462 | |
Cencora Inc. | 12,100 | 2,485 | |
* | Corcept Therapeutics Inc. | 75,400 | 2,449 |
* | Insulet Corp. | 10,360 | 2,248 |
Cigna Group | 7,440 | 2,228 | |
* | Sarepta Therapeutics Inc. | 21,757 | 2,098 |
* | Nevro Corp. | 96,700 | 2,081 |
Revvity Inc. | 17,600 | 1,924 | |
Embecta Corp. | 101,100 | 1,914 | |
McKesson Corp. | 3,800 | 1,759 | |
ResMed Inc. | 9,500 | 1,634 | |
* | Biohaven Ltd. | 33,700 | 1,442 |
Baxter International Inc. | 34,682 | 1,341 | |
* | Alkermes plc | 47,100 | 1,307 |
* | Veradigm Inc. | 123,900 | 1,300 |
* | Vir Biotechnology Inc. | 100,100 | 1,007 |
* | Owens & Minor Inc. | 44,800 | 863 |
Danaher Corp. | 3,600 | 833 | |
* | Myriad Genetics Inc. | 41,000 | 785 |
* | Zimvie Inc. | 37,337 | 663 |
* | Integra LifeSciences Holdings Corp. | 12,700 | 553 |
* | PTC Therapeutics Inc. | 17,500 | 482 |
* | Exelixis Inc. | 19,700 | 473 |
* | LivaNova plc | 9,100 | 471 |
* | QIAGEN NV | 10,000 | 434 |
* | Maravai LifeSciences Holdings Inc. Class A | 66,100 | 433 |
* | Semler Scientific Inc. | 8,999 | 399 |
* | TG Therapeutics Inc. | 23,200 | 396 |
* | Pediatrix Medical Group Inc. | 41,300 | 384 |
* | Quanterix Corp. | 12,800 | 350 |
* | OmniAb Inc. | 55,400 | 342 |
* | Silk Road Medical Inc. | 25,700 | 315 |
* | OptimizeRx Corp. | 19,600 | 281 |
* | Enanta Pharmaceuticals Inc. | 27,700 | 261 |
* | Lantheus Holdings Inc. | 4,200 | 260 |
* | Travere Therapeutics Inc. | 28,099 | 253 |
* | AngioDynamics Inc. | 30,174 | 237 |
* | ModivCare Inc. | 5,072 | 223 |
Shares | Market Value ($000) | ||
* | Fulcrum Therapeutics Inc. | 29,400 | 198 |
* | Neogen Corp. | 9,600 | 193 |
* | Mettler-Toledo International Inc. | 150 | 182 |
West Pharmaceutical Services Inc. | 500 | 176 | |
DENTSPLY SIRONA Inc. | 4,900 | 174 | |
* | Sage Therapeutics Inc. | 7,600 | 165 |
Cardinal Health Inc. | 1,549 | 156 | |
* | Brookdale Senior Living Inc. | 23,300 | 136 |
* | Codexis Inc. | 42,437 | 129 |
* | Amylyx Pharmaceuticals Inc. | 8,700 | 128 |
* | C4 Therapeutics Inc. | 20,000 | 113 |
* | Community Health Systems Inc. | 35,400 | 111 |
* | Kodiak Sciences Inc. | 34,489 | 105 |
* | Vanda Pharmaceuticals Inc. | 24,700 | 104 |
* | Fate Therapeutics Inc. | 26,300 | 98 |
* | OPKO Health Inc. | 63,980 | 97 |
* | uniQure NV | 13,300 | 90 |
* | Accuray Inc. | 26,300 | 74 |
* | Stoke Therapeutics Inc. | 13,155 | 69 |
* | Novocure Ltd. | 4,200 | 63 |
* | Cross Country Healthcare Inc. | 2,100 | 48 |
* | Allakos Inc. | 15,800 | 43 |
* | CorMedix Inc. | 10,200 | 38 |
* | Mural Oncology plc | 5,913 | 35 |
* | Joint Corp. | 3,500 | 34 |
* | MiMedx Group Inc. | 3,300 | 29 |
* | ADMA Biologics Inc. | 5,957 | 27 |
* | Biogen Inc. | 100 | 26 |
* | R1 RCM Inc. | 2,300 | 24 |
* | Revance Therapeutics Inc. | 1,900 | 17 |
* | NanoString Technologies Inc. | 21,652 | 16 |
* | Atara Biotherapeutics Inc. | 21,000 | 11 |
* | Avidity Biosciences Inc. | 800 | 7 |
* | Enhabit Inc. | 700 | 7 |
* | CareDx Inc. | 335 | 4 |
* | Lexicon Pharmaceuticals Inc. | 2,700 | 4 |
* | Taro Pharmaceutical Industries Ltd. | 100 | 4 |
*,1 | Radius Health Inc. CVR | 17,800 | 1 |
* | Scilex Holding Co. (XNCM) | 65 | — |
1,427,848 | |||
Industrials (8.7%) | |||
General Dynamics Corp. | 468,061 | 121,541 | |
Lockheed Martin Corp. | 135,100 | 61,233 | |
Caterpillar Inc. | 201,988 | 59,722 | |
Westinghouse Air Brake Technologies Corp. | 413,536 | 52,478 | |
Trane Technologies plc | 212,101 | 51,731 | |
* | Builders FirstSource Inc. | 302,238 | 50,456 |
Automatic Data Processing Inc. | 196,618 | 45,806 | |
Leidos Holdings Inc. | 417,927 | 45,236 | |
Fortive Corp. | 564,545 | 41,567 | |
* | Uber Technologies Inc. | 657,880 | 40,506 |
WW Grainger Inc. | 47,137 | 39,062 | |
PACCAR Inc. | 342,019 | 33,398 | |
Textron Inc. | 365,160 | 29,366 | |
Fastenal Co. | 449,503 | 29,114 | |
General Electric Co. | 225,930 | 28,835 | |
Otis Worldwide Corp. | 306,878 | 27,456 | |
Cintas Corp. | 41,562 | 25,048 |
Shares | Market Value ($000) | ||
* | Boeing Co. | 93,560 | 24,387 |
Parker-Hannifin Corp. | 50,367 | 23,204 | |
Johnson Controls International plc | 388,400 | 22,387 | |
Xylem Inc. | 177,200 | 20,265 | |
Paychex Inc. | 166,680 | 19,853 | |
Eaton Corp. plc | 80,690 | 19,432 | |
Deere & Co. | 43,800 | 17,514 | |
Howmet Aerospace Inc. | 296,900 | 16,068 | |
Northrop Grumman Corp. | 33,200 | 15,542 | |
3M Co. | 138,525 | 15,144 | |
Snap-on Inc. | 41,400 | 11,958 | |
Waste Management Inc. | 65,860 | 11,796 | |
Republic Services Inc. | 68,000 | 11,214 | |
A O Smith Corp. | 131,870 | 10,871 | |
Carrier Global Corp. | 182,402 | 10,479 | |
United Parcel Service Inc. Class B (XNYS) | 63,985 | 10,060 | |
Emerson Electric Co. | 83,600 | 8,137 | |
L3Harris Technologies Inc. | 33,587 | 7,074 | |
FedEx Corp. | 27,171 | 6,873 | |
Verisk Analytics Inc. | 25,561 | 6,106 | |
Paycom Software Inc. | 27,300 | 5,643 | |
Union Pacific Corp. | 20,700 | 5,084 | |
* | Fluor Corp. | 128,200 | 5,022 |
Illinois Tool Works Inc. | 17,917 | 4,693 | |
Ingersoll Rand Inc. (XYNS) | 52,400 | 4,053 | |
TransDigm Group Inc. | 3,840 | 3,885 | |
RTX Corp. | 43,734 | 3,680 | |
Encore Wire Corp. | 16,573 | 3,540 | |
AMETEK Inc. | 21,400 | 3,529 | |
* | Parsons Corp. | 55,500 | 3,480 |
Pentair plc | 44,494 | 3,235 | |
* | Masterbrand Inc. | 207,116 | 3,076 |
Valmont Industries Inc. | 9,896 | 2,311 | |
Wabash National Corp. | 87,700 | 2,247 | |
* | WillScot Mobile Mini Holdings Corp. | 35,700 | 1,589 |
Delta Air Lines Inc. | 33,900 | 1,364 | |
Advanced Drainage Systems Inc. | 8,200 | 1,153 | |
* | AerCap Holdings NV | 15,500 | 1,152 |
* | Legalzoom.com Inc. | 99,600 | 1,125 |
KBR Inc. | 19,500 | 1,080 | |
* | Triumph Group Inc. | 63,661 | 1,055 |
Honeywell International Inc. | 5,000 | 1,049 | |
Griffon Corp. | 16,500 | 1,006 | |
Shyft Group Inc. | 81,392 | 995 | |
Brady Corp. Class A | 13,500 | 792 | |
Owens Corning | 5,200 | 771 | |
REV Group Inc. | 40,900 | 743 | |
* | Atkore Inc. | 4,473 | 716 |
* | Air Transport Services Group Inc. | 31,100 | 548 |
* | Kirby Corp. | 6,900 | 542 |
* | Conduent Inc. | 143,100 | 522 |
* | CACI International Inc. Class A | 1,600 | 518 |
Copa Holdings SA Class A | 4,700 | 500 | |
MillerKnoll Inc. | 17,500 | 467 | |
WESCO International Inc. | 2,600 | 452 | |
* | Enviri Corp. | 46,500 | 419 |
* | American Superconductor Corp. | 37,500 | 418 |
Hexcel Corp. | 5,600 | 413 |
Shares | Market Value ($000) | ||
Enerpac Tool Group Corp. | 12,800 | 398 | |
Expeditors International of Washington Inc. | 2,800 | 356 | |
Woodward Inc. | 2,400 | 327 | |
* | American Airlines Group Inc. | 20,188 | 277 |
* | Gates Industrial Corp. plc | 20,600 | 276 |
Ferguson plc | 1,401 | 270 | |
* | PGT Innovations Inc. | 6,600 | 269 |
* | TrueBlue Inc. | 16,757 | 257 |
Dover Corp. | 1,600 | 246 | |
TTEC Holdings Inc. | 10,100 | 219 | |
Marten Transport Ltd. | 10,100 | 212 | |
* | RXO Inc. | 8,353 | 194 |
Pitney Bowes Inc. | 43,400 | 191 | |
Greenbrier Cos. Inc. | 4,200 | 186 | |
CH Robinson Worldwide Inc. | 2,100 | 181 | |
* | Trex Co. Inc. | 2,079 | 172 |
MDU Resources Group Inc. | 8,446 | 167 | |
Allegion plc | 1,100 | 139 | |
* | Driven Brands Holdings Inc. | 9,700 | 138 |
* | Titan International Inc. | 8,390 | 125 |
* | Babcock & Wilcox Enterprises Inc. | 72,400 | 106 |
Rush Enterprises Inc. Class A | 1,900 | 96 | |
* | TELUS International CDA Inc. | 8,600 | 74 |
* | Kornit Digital Ltd. | 3,500 | 67 |
Tennant Co. | 700 | 65 | |
Schneider National Inc. Class B | 2,300 | 59 | |
Allison Transmission Holdings Inc. | 1,000 | 58 | |
* | Northwest Pipe Co. | 1,800 | 54 |
* | Great Lakes Dredge & Dock Corp. | 6,800 | 52 |
* | Hudson Technologies Inc. | 2,800 | 38 |
* | IBEX Holdings Ltd. | 1,787 | 34 |
Covenant Logistics Group Inc. | 700 | 32 | |
* | Quad/Graphics Inc. | 5,264 | 29 |
Veralto Corp. | 300 | 25 | |
Mueller Industries Inc. | 300 | 14 | |
* | Franklin Covey Co. | 159 | 7 |
1,149,196 | |||
Information Technology (29.8%) | |||
Microsoft Corp. | 2,454,571 | 923,017 | |
Apple Inc. | 3,383,960 | 651,514 | |
NVIDIA Corp. | 876,693 | 434,156 | |
* | Advanced Micro Devices Inc. | 1,004,272 | 148,040 |
Broadcom Inc. | 108,507 | 121,121 | |
Texas Instruments Inc. | 695,974 | 118,636 | |
* | Adobe Inc. | 191,402 | 114,190 |
* | ServiceNow Inc. | 152,390 | 107,662 |
Accenture plc Class A | 291,613 | 102,330 | |
Intuit Inc. | 151,991 | 94,999 | |
KLA Corp. | 149,087 | 86,664 | |
* | Salesforce Inc. | 305,030 | 80,266 |
Micron Technology Inc. | 885,878 | 75,601 | |
* | Synopsys Inc. | 141,719 | 72,973 |
* | Arista Networks Inc. | 306,472 | 72,177 |
Cisco Systems Inc. | 1,246,658 | 62,981 | |
* | Autodesk Inc. | 256,680 | 62,496 |
* | ON Semiconductor Corp. | 667,259 | 55,736 |
* | MongoDB Inc. | 127,182 | 51,998 |
Marvell Technology Inc. | 683,605 | 41,228 |
Shares | Market Value ($000) | ||
* | Akamai Technologies Inc. | 300,350 | 35,546 |
* | VeriSign Inc. | 166,886 | 34,372 |
Applied Materials Inc. | 184,660 | 29,928 | |
* | Palo Alto Networks Inc. | 94,610 | 27,899 |
* | Cadence Design Systems Inc. | 98,010 | 26,695 |
NXP Semiconductors NV | 115,486 | 26,525 | |
* | Fortinet Inc. | 382,300 | 22,376 |
International Business Machines Corp. | 118,650 | 19,405 | |
QUALCOMM Inc. | 130,370 | 18,855 | |
NetApp Inc. | 190,670 | 16,809 | |
* | Enphase Energy Inc. | 124,400 | 16,438 |
Oracle Corp. | 146,690 | 15,466 | |
Vontier Corp. | 316,690 | 10,942 | |
Dell Technologies Inc. Class C | 138,000 | 10,557 | |
* | Palantir Technologies Inc. Class A | 594,300 | 10,204 |
* | Gartner Inc. | 21,340 | 9,627 |
Intel Corp. | 178,580 | 8,974 | |
* | Flex Ltd. | 266,000 | 8,102 |
Microchip Technology Inc. | 76,400 | 6,890 | |
Gen Digital Inc. (XNGS) | 299,010 | 6,823 | |
* | ANSYS Inc. | 17,240 | 6,256 |
Amphenol Corp. Class A | 60,600 | 6,007 | |
Amdocs Ltd. | 60,400 | 5,309 | |
* | DocuSign Inc. | 80,300 | 4,774 |
HP Inc. | 154,100 | 4,637 | |
InterDigital Inc. | 39,200 | 4,255 | |
* | Kyndryl Holdings Inc. | 196,300 | 4,079 |
Lam Research Corp. | 5,196 | 4,070 | |
* | Check Point Software Technologies Ltd. | 24,600 | 3,759 |
Cognizant Technology Solutions Corp. Class A | 48,180 | 3,639 | |
* | Teradata Corp. | 77,400 | 3,368 |
* | Fair Isaac Corp. | 2,800 | 3,259 |
* | MaxLinear Inc. | 124,900 | 2,969 |
Teradyne Inc. | 25,800 | 2,800 | |
Motorola Solutions Inc. | 7,100 | 2,223 | |
* | Sanmina Corp. | 37,600 | 1,931 |
* | Canadian Solar Inc. | 72,100 | 1,891 |
* | Photronics Inc. | 56,100 | 1,760 |
* | NetScout Systems Inc. | 65,600 | 1,440 |
* | Western Digital Corp. | 26,900 | 1,409 |
* | Tower Semiconductor Ltd. | 45,500 | 1,389 |
* | Digital Turbine Inc. | 164,400 | 1,128 |
* | Maxeon Solar Technologies Ltd. | 150,300 | 1,078 |
* | Varonis Systems Inc. | 21,700 | 983 |
* | Qorvo Inc. | 8,600 | 968 |
* | Yext Inc. | 155,700 | 917 |
* | Keysight Technologies Inc. | 5,500 | 875 |
* | Pure Storage Inc. Class A | 24,400 | 870 |
* | Box Inc. Class A | 31,900 | 817 |
* | Trimble Inc. | 13,100 | 697 |
* | Workiva Inc. | 5,700 | 579 |
* | Credo Technology Group Holding Ltd. | 29,400 | 572 |
* | Appfolio Inc. Class A | 3,100 | 537 |
Amkor Technology Inc. | 15,900 | 529 | |
* | Q2 Holdings Inc. | 11,300 | 491 |
* | First Solar Inc. | 2,500 | 431 |
* | ACI Worldwide Inc. | 12,700 | 389 |
* | Nutanix Inc. Class A | 7,000 | 334 |
Shares | Market Value ($000) | ||
Badger Meter Inc. | 2,100 | 324 | |
* | Appian Corp. Class A | 8,500 | 320 |
* | Axcelis Technologies Inc. | 2,400 | 311 |
* | TTM Technologies Inc. | 19,400 | 307 |
* | Unisys Corp. | 52,594 | 296 |
* | Lightspeed Commerce Inc. (XTSE) | 14,000 | 294 |
* | Infinera Corp. | 61,381 | 292 |
* | Veeco Instruments Inc. | 7,970 | 247 |
* | Verint Systems Inc. | 9,078 | 245 |
* | CommScope Holding Co. Inc. | 83,700 | 236 |
* | LiveRamp Holdings Inc. | 5,900 | 223 |
* | Rimini Street Inc. | 68,170 | 223 |
* | Rapid7 Inc. | 3,300 | 188 |
* | Itron Inc. | 2,400 | 181 |
* | Upland Software Inc. | 41,800 | 177 |
* | PDF Solutions Inc. | 5,400 | 174 |
* | Consensus Cloud Solutions Inc. | 6,245 | 164 |
Corning Inc. | 5,300 | 161 | |
* | Expensify Inc. Class A | 62,254 | 154 |
* | Kopin Corp. | 69,109 | 140 |
AudioCodes Ltd. | 11,000 | 133 | |
* | Daktronics Inc. | 15,000 | 127 |
* | Everbridge Inc. | 5,000 | 122 |
* | EPAM Systems Inc. | 400 | 119 |
Seagate Technology Holdings plc | 1,400 | 119 | |
Methode Electronics Inc. | 5,100 | 116 | |
* | Domo Inc. Class B | 9,750 | 100 |
* | Dynatrace Inc. | 1,600 | 87 |
* | NETGEAR Inc. | 5,892 | 86 |
* | Sprinklr Inc. Class A | 6,300 | 76 |
* | Everspin Technologies Inc. | 8,012 | 72 |
CDW Corp. | 300 | 68 | |
* | WM Technology Inc. | 72,585 | 52 |
* | Zuora Inc. Class A | 4,400 | 41 |
* | Cognyte Software Ltd. | 6,400 | 41 |
* | Brightcove Inc. | 14,915 | 39 |
* | 8x8 Inc. | 9,900 | 37 |
* | SecureWorks Corp. Class A | 4,850 | 36 |
* | DXC Technology Co. | 1,400 | 32 |
* | Vertex Inc. Class A | 800 | 22 |
* | Model N Inc. | 700 | 19 |
* | Allegro MicroSystems Inc. | 600 | 18 |
* | Grid Dynamics Holdings Inc. | 1,000 | 13 |
Immersion Corp. | 1,200 | 8 | |
3,929,877 | |||
Materials (1.3%) | |||
Celanese Corp. | 270,263 | 41,991 | |
Linde plc | 83,765 | 34,403 | |
FMC Corp. | 468,775 | 29,556 | |
Sherwin-Williams Co. | 37,100 | 11,571 | |
Nucor Corp. | 51,460 | 8,956 | |
Dow Inc. | 132,500 | 7,266 | |
Corteva Inc. | 139,300 | 6,675 | |
Freeport-McMoRan Inc. | 149,200 | 6,351 | |
Mosaic Co. | 129,500 | 4,627 | |
Huntsman Corp. | 102,900 | 2,586 | |
Nutrien Ltd. | 41,824 | 2,356 | |
LyondellBasell Industries NV Class A | 22,300 | 2,120 |
Shares | Market Value ($000) | ||
Vulcan Materials Co. | 7,500 | 1,703 | |
* | O-I Glass Inc. | 56,500 | 925 |
Air Products and Chemicals Inc. | 3,371 | 923 | |
Newmont Corp. | 21,430 | 887 | |
CRH plc | 12,200 | 844 | |
Southern Copper Corp. | 9,000 | 775 | |
* | LSB Industries Inc. | 67,200 | 626 |
Steel Dynamics Inc. | 4,900 | 579 | |
CF Industries Holdings Inc. | 7,000 | 556 | |
* | Intrepid Potash Inc. | 22,900 | 547 |
* | Livent Corp. | 28,500 | 512 |
Louisiana-Pacific Corp. | 6,900 | 489 | |
Commercial Metals Co. | 7,700 | 385 | |
Martin Marietta Materials Inc. | 760 | 379 | |
American Vanguard Corp. | 33,800 | 371 | |
Franco-Nevada Corp. | 3,300 | 366 | |
Orion SA | 11,247 | 312 | |
Warrior Met Coal Inc. | 4,611 | 281 | |
PPG Industries Inc. | 1,300 | 194 | |
SunCoke Energy Inc. | 17,400 | 187 | |
* | Alto Ingredients Inc. | 69,300 | 184 |
Trinseo plc | 14,300 | 120 | |
* | Summit Materials Inc. Class A | 2,200 | 85 |
* | Ranpak Holdings Corp. | 13,100 | 76 |
Sealed Air Corp. | 1,400 | 51 | |
* | Glatfelter Corp. | 22,500 | 44 |
* | ATI Inc. | 700 | 32 |
Alcoa Corp. | 900 | 31 | |
Valhi Inc. | 895 | 14 | |
170,936 | |||
Other (0.7%) | |||
SPDR S&P 500 ETF Trust | 182,776 | 86,875 | |
*,1 | Paratek Pharmaceuticals Inc. CVR | 15,782 | 2 |
*,1 | Aduro Biotech Inc. CVR | 67 | — |
*,1 | Achillion Pharmaceuticals Inc. CVR | 400 | — |
*,1 | Strongbridge Biopharm CVR | 335 | — |
*,1 | GCI Liberty Inc. | 100 | — |
86,877 | |||
Real Estate (1.0%) | |||
Welltower Inc. | 519,851 | 46,875 | |
SBA Communications Corp. | 59,760 | 15,160 | |
Host Hotels & Resorts Inc. | 601,650 | 11,714 | |
American Tower Corp. | 37,320 | 8,057 | |
Digital Realty Trust Inc. | 38,600 | 5,195 | |
Healthpeak Properties Inc. | 241,920 | 4,790 | |
VICI Properties Inc. | 144,800 | 4,616 | |
Boston Properties Inc. | 61,670 | 4,327 | |
Simon Property Group Inc. | 30,200 | 4,308 | |
Regency Centers Corp. | 46,127 | 3,090 | |
* | CBRE Group Inc. Class A | 29,500 | 2,746 |
Prologis Inc. | 13,300 | 1,773 | |
* | CoStar Group Inc. | 18,600 | 1,625 |
Iron Mountain Inc. | 21,100 | 1,477 | |
Equity Residential | 22,900 | 1,401 | |
Equinix Inc. | 1,700 | 1,369 | |
Crown Castle Inc. | 11,600 | 1,336 | |
Phillips Edison & Co. Inc. | 29,800 | 1,087 |
Shares | Market Value ($000) | ||
First Industrial Realty Trust Inc. | 19,800 | 1,043 | |
* | Anywhere Real Estate Inc. | 109,600 | 889 |
Vornado Realty Trust | 25,300 | 715 | |
Hudson Pacific Properties Inc. | 61,700 | 574 | |
UDR Inc. | 14,700 | 563 | |
Omega Healthcare Investors Inc. | 18,332 | 562 | |
American Homes 4 Rent Class A | 12,000 | 431 | |
Americold Realty Trust Inc. | 14,000 | 424 | |
Newmark Group Inc. Class A | 36,500 | 400 | |
Veris Residential Inc. | 22,700 | 357 | |
Camden Property Trust | 3,256 | 323 | |
Apartment Income REIT Corp. | 6,154 | 214 | |
Douglas Elliman Inc. | 64,600 | 191 | |
Public Storage | 600 | 183 | |
Office Properties Income Trust | 24,300 | 178 | |
Agree Realty Corp. | 2,742 | 173 | |
Mid-America Apartment Communities Inc. | 1,100 | 148 | |
Kimco Realty Corp. | 6,900 | 147 | |
CareTrust REIT Inc. | 6,300 | 141 | |
Industrial Logistics Properties Trust | 20,573 | 97 | |
* | Forestar Group Inc. | 2,300 | 76 |
Safehold Inc. | 2,598 | 61 | |
* | Apartment Investment and Management Co. Class A | 6,500 | 51 |
Brixmor Property Group Inc. | 1,900 | 44 | |
* | Five Point Holdings LLC Class A | 1,622 | 5 |
128,936 | |||
Utilities (1.2%) | |||
Exelon Corp. | 2,934,481 | 105,348 | |
Consolidated Edison Inc. | 200,669 | 18,255 | |
PG&E Corp. | 284,000 | 5,121 | |
Sempra | 52,400 | 3,916 | |
Duke Energy Corp. | 28,600 | 2,775 | |
Edison International | 33,400 | 2,388 | |
Pinnacle West Capital Corp. | 30,306 | 2,177 | |
Evergy Inc. | 36,900 | 1,926 | |
UGI Corp. | 76,000 | 1,870 | |
CenterPoint Energy Inc. | 64,000 | 1,828 | |
NRG Energy Inc. | 33,700 | 1,742 | |
Entergy Corp. | 16,800 | 1,700 | |
Southern Co. | 22,500 | 1,578 | |
Dominion Energy Inc. | 29,800 | 1,401 | |
National Fuel Gas Co. | 23,000 | 1,154 | |
NextEra Energy Inc. | 14,500 | 881 | |
Constellation Energy Corp. | 6,900 | 807 | |
AES Corp. | 33,700 | 649 | |
ALLETE Inc. | 9,000 | 550 | |
PNM Resources Inc. | 11,400 | 474 | |
WEC Energy Group Inc. | 5,218 | 439 | |
DTE Energy Co. | 3,100 | 342 | |
NiSource Inc. | 10,300 | 273 | |
Clearway Energy Inc. Class C | 4,100 | 112 | |
Alliant Energy Corp. | 2,151 | 110 | |
New Jersey Resources Corp. | 2,324 | 104 | |
* | Montauk Renewables Inc. | 11,500 | 102 |
FirstEnergy Corp. | 2,600 | 95 |
Shares | Market Value ($000) | ||
Public Service Enterprise Group Inc. | 1,400 | 86 | |
158,203 | |||
Total Common Stocks (Cost $9,035,848) | 12,792,277 | ||
Temporary Cash Investments (2.5%) | |||
Money Market Fund (2.5%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.435% (Cost $336,639) | 3,367,689 | 336,702 |
Total Investments (99.7%) (Cost $9,372,487) | 13,128,979 | ||
Other Assets and Liabilities—Net (0.3%) | 34,681 | ||
Net Assets (100%) | 13,163,660 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Security value determined using significant unobservable inputs. |
2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $273,000. |
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 $342,000 was received for securities on loan, of which $335,000 is held in Vanguard Market Liquidity Fund and $7,000 is held in cash. |
ADR—American Depositary Receipt. | |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2024 | 1,377 | 331,857 | 6,302 |
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 objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. 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 December 31, 2023, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 12,792,274 | — | 3 | 12,792,277 |
Temporary Cash Investments | 336,702 | — | — | 336,702 |
Total | 13,128,976 | — | 3 | 13,128,979 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 6,302 | — | — | 6,302 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |