Vanguard S&P Mid-Cap 400 Index Fund | |||
Schedule of Investments(unaudited) | |||
As of November 30, 2019 | |||
Market | |||
Value | |||
Shares | ($000) | ||
Common Stocks (99.7%)1 | |||
Communication Services (2.3%) | |||
* | Live Nation Entertainment Inc. | 169,667 | 11,844 |
Cable One Inc. | 6,128 | 9,407 | |
New York Times Co. Class A | 175,191 | 5,650 | |
Cinemark Holdings Inc. | 129,859 | 4,398 | |
TEGNA Inc. | 264,617 | 4,062 | |
World Wrestling Entertainment Inc. Class A | 58,115 | 3,604 | |
Telephone & Data Systems Inc. | 118,945 | 2,820 | |
* | Yelp Inc. Class A | 78,733 | 2,730 |
John Wiley & Sons Inc. Class A | 53,440 | 2,526 | |
* | AMC Networks Inc. Class A | 54,068 | 2,078 |
Meredith Corp. | 49,052 | 1,719 | |
50,838 | |||
Consumer Discretionary (12.2%) | |||
Domino's Pizza Inc. | 50,312 | 14,807 | |
Pool Corp. | 48,719 | 10,058 | |
Service Corp. International | 222,455 | 9,792 | |
* | Caesars Entertainment Corp. | 678,257 | 8,844 |
Gentex Corp. | 310,811 | 8,827 | |
* | Five Below Inc. | 67,923 | 8,403 |
Dunkin' Brands Group Inc. | 100,918 | 7,725 | |
Polaris Inc. | 70,093 | 6,848 | |
Wyndham Hotels & Resorts Inc. | 117,643 | 6,815 | |
Williams-Sonoma Inc. | 95,391 | 6,620 | |
* | Skechers U.S.A. Inc. Class A | 163,100 | 6,560 |
* | Etsy Inc. | 146,960 | 6,377 |
Toll Brothers Inc. | 157,565 | 6,329 | |
Brunswick Corp. | 104,544 | 6,144 | |
* | Deckers Outdoor Corp. | 35,198 | 5,920 |
Marriott Vacations Worldwide Corp. | 47,205 | 5,799 | |
Churchill Downs Inc. | 43,428 | 5,646 | |
Carter's Inc. | 54,534 | 5,634 | |
Wyndham Destinations Inc. | 112,404 | 5,451 | |
Foot Locker Inc. | 133,760 | 5,357 | |
* | Helen of Troy Ltd. | 30,564 | 4,934 |
*,^ | Mattel Inc. | 420,878 | 4,924 |
Wendy's Co. | 224,593 | 4,815 | |
Aaron's Inc. | 82,366 | 4,810 | |
* | Grubhub Inc. | 111,530 | 4,809 |
* | Tempur Sealy International Inc. | 56,064 | 4,759 |
Texas Roadhouse Inc. Class A | 79,624 | 4,610 | |
Goodyear Tire & Rubber Co. | 282,960 | 4,524 | |
^ | Cracker Barrel Old Country Store Inc. | 29,271 | 4,500 |
*,^ | Ollie's Bargain Outlet Holdings Inc. | 66,800 | 4,369 |
* | Murphy USA Inc. | 36,703 | 4,314 |
Thor Industries Inc. | 67,016 | 4,274 | |
*,^ | Eldorado Resorts Inc. | 79,744 | 4,267 |
Six Flags Entertainment Corp. | 95,816 | 4,166 | |
Dick's Sporting Goods Inc. | 80,350 | 3,681 |
* AutoNation Inc. | 71,758 | 3,666 |
KB Home | 104,415 | 3,611 |
Graham Holdings Co. Class B | 5,309 | 3,353 |
* Visteon Corp. | 34,104 | 3,190 |
* Penn National Gaming Inc. | 132,644 | 3,055 |
Dana Inc. | 175,438 | 2,974 |
American Eagle Outfitters Inc. | 193,632 | 2,899 |
Boyd Gaming Corp. | 97,397 | 2,864 |
* Sally Beauty Holdings Inc. | 147,146 | 2,712 |
* TRI Pointe Group Inc. | 173,234 | 2,699 |
* WW International Inc. | 56,592 | 2,450 |
* Adient plc | 106,466 | 2,327 |
Jack in the Box Inc. | 28,848 | 2,287 |
^ Bed Bath & Beyond Inc. | 156,365 | 2,280 |
* Adtalem Global Education Inc. | 67,202 | 2,267 |
* Urban Outfitters Inc. | 86,125 | 2,210 |
Cheesecake Factory Inc. | 50,026 | 2,182 |
Brinker International Inc. | 45,661 | 2,046 |
* Scientific Games Corp. | 65,925 | 1,804 |
Papa John's International Inc. | 26,763 | 1,693 |
* Delphi Technologies plc | 106,303 | 1,324 |
^ Dillard's Inc. Class A | 12,478 | 896 |
270,501 | ||
Consumer Staples (2.9%) | ||
* Post Holdings Inc. | 83,815 | 8,851 |
Casey's General Stores Inc. | 44,861 | 7,795 |
Ingredion Inc. | 81,388 | 6,769 |
Flowers Foods Inc. | 234,448 | 5,048 |
* Boston Beer Co. Inc. Class A | 11,219 | 4,312 |
Sanderson Farms Inc. | 24,072 | 3,986 |
Energizer Holdings Inc. | 78,188 | 3,901 |
Lancaster Colony Corp. | 24,156 | 3,817 |
* BJ's Wholesale Club Holdings Inc. | 148,494 | 3,519 |
* TreeHouse Foods Inc. | 68,617 | 3,355 |
* Sprouts Farmers Market Inc. | 143,833 | 2,848 |
Nu Skin Enterprises Inc. Class A | 67,729 | 2,590 |
* Hain Celestial Group Inc. | 97,906 | 2,420 |
* Edgewell Personal Care Co. | 66,101 | 2,060 |
* Pilgrim's Pride Corp. | 63,950 | 2,014 |
Tootsie Roll Industries Inc. | 20,574 | 707 |
63,992 | ||
Energy (1.8%) | ||
* WPX Energy Inc. | 514,131 | 5,059 |
Murphy Oil Corp. | 188,253 | 4,332 |
PBF Energy Inc. Class A | 124,477 | 3,896 |
* Transocean Ltd. | 702,005 | 3,496 |
World Fuel Services Corp. | 79,784 | 3,383 |
EQT Corp. | 311,715 | 2,721 |
Equitrans Midstream Corp. | 249,022 | 2,483 |
* Apergy Corp. | 94,233 | 2,407 |
Core Laboratories NV | 53,973 | 2,364 |
Patterson-UTI Energy Inc. | 247,509 | 2,213 |
* Matador Resources Co. | 133,792 | 1,884 |
^ Antero Midstream Corp. | 364,641 | 1,670 |
* CNX Resources Corp. | 228,075 | 1,576 |
* Southwestern Energy Co. | 659,494 | 1,200 |
* Oasis Petroleum Inc. | 351,720 | 823 |
* Chesapeake Energy Corp. | 1,374,920 | 818 |
40,325 | ||
Financials (16.6%) | ||
* Alleghany Corp. | 17,590 | 13,721 |
Reinsurance Group of America Inc. Class A | 76,580 | 12,671 |
FactSet Research Systems Inc. | 46,676 | 12,119 |
WR Berkley Corp. | 176,590 | 12,008 |
Brown & Brown Inc. | 284,512 | 10,737 |
RenaissanceRe Holdings Ltd. | 53,888 | 10,149 |
American Financial Group Inc. | 91,091 | 9,994 |
SEI Investments Co. | 154,809 | 9,990 |
First American Financial Corp. | 136,792 | 8,703 |
Signature Bank | 66,769 | 8,237 |
East West Bancorp Inc. | 177,483 | 8,132 |
Prosperity Bancshares Inc. | 115,654 | 8,125 |
Commerce Bancshares Inc. | 120,446 | 8,073 |
TCF Financial Corp. | 186,837 | 7,939 |
Old Republic International Corp. | 347,754 | 7,845 |
Primerica Inc. | 51,088 | 6,838 |
Synovus Financial Corp. | 178,717 | 6,807 |
New York Community Bancorp Inc. | 570,165 | 6,796 |
Hanover Insurance Group Inc. | 48,187 | 6,550 |
Eaton Vance Corp. | 137,849 | 6,502 |
Cullen/Frost Bankers Inc. | 69,482 | 6,501 |
Jefferies Financial Group Inc. | 307,248 | 6,421 |
First Horizon National Corp. | 380,969 | 6,126 |
First Financial Bankshares Inc. | 165,519 | 5,722 |
Kemper Corp. | 76,316 | 5,641 |
* Brighthouse Financial Inc. | 135,732 | 5,587 |
Webster Financial Corp. | 112,283 | 5,467 |
Pinnacle Financial Partners Inc. | 87,945 | 5,402 |
PacWest Bancorp | 144,433 | 5,379 |
Stifel Financial Corp. | 84,740 | 5,298 |
Sterling Bancorp | 250,714 | 5,120 |
FNB Corp. | 397,022 | 4,931 |
Janus Henderson Group plc | 193,673 | 4,919 |
Selective Insurance Group Inc. | 72,301 | 4,788 |
Wintrust Financial Corp. | 69,252 | 4,703 |
Valley National Bancorp | 405,275 | 4,693 |
United Bankshares Inc. | 123,630 | 4,682 |
Interactive Brokers Group Inc. | 93,374 | 4,521 |
Hancock Whitney Corp. | 110,820 | 4,500 |
Bank of Hawaii Corp. | 49,635 | 4,473 |
SLM Corp. | 519,231 | 4,429 |
Umpqua Holdings Corp. | 269,054 | 4,404 |
Bank OZK | 147,660 | 4,383 |
Associated Banc-Corp | 198,050 | 4,246 |
FirstCash Inc. | 52,270 | 4,226 |
Federated Investors Inc. Class B | 117,370 | 3,934 |
Legg Mason Inc. | 99,553 | 3,891 |
Evercore Inc. Class A | 48,618 | 3,762 |
Home BancShares Inc. | 190,179 | 3,579 |
Washington Federal Inc. | 96,939 | 3,568 |
BancorpSouth Bank | 114,325 | 3,556 |
Navient Corp. | 247,590 | 3,553 |
* Texas Capital Bancshares Inc. | 61,288 | 3,542 |
UMB Financial Corp. | 52,605 | 3,539 |
Fulton Financial Corp. | 203,055 | 3,484 |
CNO Financial Group Inc. | 189,951 | 3,442 |
Cathay General Bancorp | 92,256 | 3,397 |
* LendingTree Inc. | 9,353 | 3,372 |
International Bancshares Corp. | 70,370 | 2,985 |
Trustmark Corp. | 78,440 | 2,695 |
* Genworth Financial Inc. Class A | 612,567 | 2,426 |
Mercury General Corp. | 32,915 | 1,612 |
* Green Dot Corp. Class A | 58,339 | 1,386 |
RLI Corp. | 537 | 49 |
366,270 | ||
Health Care (10.0%) | ||
STERIS plc | 103,315 | 15,615 |
West Pharmaceutical Services Inc. | 89,863 | 13,213 |
* Molina Healthcare Inc. | 76,510 | 10,367 |
Bio-Techne Corp. | 46,444 | 10,136 |
* Bio-Rad Laboratories Inc. Class A | 26,225 | 9,687 |
* Masimo Corp. | 59,855 | 9,282 |
* Catalent Inc. | 178,125 | 9,261 |
Hill-Rom Holdings Inc. | 81,488 | 8,736 |
* Charles River Laboratories International Inc. | 59,542 | 8,648 |
Encompass Health Corp. | 120,325 | 8,508 |
Chemed Corp. | 19,428 | 8,354 |
* PRA Health Sciences Inc. | 76,608 | 8,336 |
* Haemonetics Corp. | 61,935 | 7,469 |
* Penumbra Inc. | 39,040 | 6,907 |
* Amedisys Inc. | 39,230 | 6,393 |
* Exelixis Inc. | 369,317 | 6,142 |
* HealthEquity Inc. | 86,029 | 5,410 |
* Integra LifeSciences Holdings Corp. | 86,465 | 5,274 |
* Globus Medical Inc. | 93,335 | 5,222 |
* Repligen Corp. | 56,463 | 5,011 |
* LivaNova plc | 59,102 | 4,950 |
* United Therapeutics Corp. | 53,374 | 4,924 |
* NuVasive Inc. | 63,581 | 4,593 |
* ICU Medical Inc. | 23,467 | 4,400 |
* Nektar Therapeutics Class A | 214,024 | 4,343 |
* Syneos Health Inc. | 75,798 | 4,162 |
* Tenet Healthcare Corp. | 126,218 | 4,064 |
* Acadia Healthcare Co. Inc. | 108,039 | 3,475 |
Cantel Medical Corp. | 44,814 | 3,446 |
* MEDNAX Inc. | 102,931 | 2,689 |
* Ligand Pharmaceuticals Inc. | 21,419 | 2,420 |
* Prestige Consumer Healthcare Inc. | 61,256 | 2,314 |
* Allscripts Healthcare Solutions Inc. | 203,369 | 2,192 |
Patterson Cos. Inc. | 104,158 | 2,027 |
* Avanos Medical Inc. | 58,299 | 2,021 |
219,991 | ||
Industrials (16.7%) | ||
* Teledyne Technologies Inc. | 44,343 | 15,165 |
Old Dominion Freight Line Inc. | 78,024 | 14,949 |
Lennox International Inc. | 42,999 | 11,001 |
Carlisle Cos. Inc. | 69,075 | 10,774 |
Nordson Corp. | 62,429 | 10,353 |
Toro Co. | 129,857 | 10,152 |
Graco Inc. | 203,515 | 9,832 |
Hubbell Inc. Class B | 66,379 | 9,759 |
* XPO Logistics Inc. | 112,474 | 9,300 |
Owens Corning | 132,727 | 8,901 |
Donaldson Co. Inc. | 155,571 | 8,724 |
* AECOM | 192,492 | 8,341 |
Woodward Inc. | 68,682 | 8,021 |
* Genesee & Wyoming Inc. Class A | 69,072 | 7,698 |
Oshkosh Corp. | 83,440 | 7,548 |
ITT Inc. | 107,347 | 7,491 |
Curtiss-Wright Corp. | 52,121 | 7,157 |
Watsco Inc. | 39,783 | 7,080 |
* Stericycle Inc. | 111,170 | 6,984 |
* JetBlue Airways Corp. | 361,478 | 6,966 |
Lincoln Electric Holdings Inc. | 75,347 | 6,951 |
ManpowerGroup Inc. | 73,004 | 6,763 |
Acuity Brands Inc. | 48,660 | 6,364 |
* Kirby Corp. | 73,036 | 6,162 |
* Trex Co. Inc. | 71,259 | 6,133 |
EMCOR Group Inc. | 68,464 | 6,088 |
AGCO Corp. | 77,160 | 6,028 |
Tetra Tech Inc. | 66,630 | 5,883 |
Brink's Co. | 60,920 | 5,666 |
Knight-Swift Transportation Holdings Inc. | 149,646 | 5,535 |
Landstar System Inc. | 48,304 | 5,382 |
MSA Safety Inc. | 43,404 | 5,379 |
* Axon Enterprise Inc. | 72,342 | 5,339 |
* Clean Harbors Inc. | 62,607 | 5,174 |
Crane Co. | 61,967 | 5,148 |
* FTI Consulting Inc. | 45,707 | 4,982 |
* Mercury Systems Inc. | 67,540 | 4,947 |
* MasTec Inc. | 73,440 | 4,872 |
nVent Electric plc | 189,340 | 4,679 |
Timken Co. | 83,270 | 4,379 |
* ASGN Inc. | 64,610 | 4,329 |
Regal Beloit Corp. | 51,209 | 4,185 |
MSC Industrial Direct Co. Inc. Class A | 54,689 | 4,015 |
Valmont Industries Inc. | 26,422 | 3,782 |
Insperity Inc. | 47,316 | 3,680 |
EnerSys | 51,861 | 3,639 |
GATX Corp. | 43,590 | 3,523 |
Kennametal Inc. | 100,636 | 3,505 |
Herman Miller Inc. | 72,072 | 3,444 |
KAR Auction Services Inc. | 163,037 | 3,443 |
* Colfax Corp. | 101,963 | 3,436 |
Ryder System Inc. | 65,086 | 3,416 |
Fluor Corp. | 170,525 | 2,974 |
Deluxe Corp. | 52,231 | 2,668 |
Trinity Industries Inc. | 125,085 | 2,632 |
Healthcare Services Group Inc. | 90,502 | 2,276 |
Terex Corp. | 79,878 | 2,242 |
* Avis Budget Group Inc. | 71,327 | 2,122 |
HNI Corp. | 52,438 | 2,060 |
* Dycom Industries Inc. | 38,327 | 1,995 |
Werner Enterprises Inc. | 54,093 | 1,988 |
* NOW Inc. | 132,893 | 1,490 |
Granite Construction Inc. | 57,210 | 1,474 |
* Resideo Technologies Inc. | 149,245 | 1,460 |
367,828 | ||
Information Technology (15.7%) | ||
* Zebra Technologies Corp. | 65,960 | 16,552 |
* Tyler Technologies Inc. | 47,022 | 13,644 |
Teradyne Inc. | 207,349 | 12,978 |
* Fair Isaac Corp. | 35,218 | 12,951 |
* Trimble Inc. | 307,235 | 12,452 |
* WEX Inc. | 52,805 | 10,621 |
Cypress Semiconductor Corp. | 450,623 | 10,567 |
Cognex Corp. | 208,241 | 10,450 |
Universal Display Corp. | 51,730 | 10,047 |
* PTC Inc. | 126,462 | 9,687 |
* Arrow Electronics Inc. | 101,416 | 8,077 |
CDK Global Inc. | 147,864 | 7,918 |
Monolithic Power Systems Inc. | 49,043 | 7,880 |
Sabre Corp. | 333,820 | 7,488 |
* Ceridian HCM Holding Inc. | 120,775 | 7,290 |
* CACI International Inc. Class A | 30,355 | 7,265 |
* Ciena Corp. | 189,260 | 7,184 |
MKS Instruments Inc. | 66,460 | 7,063 |
* Lumentum Holdings Inc. | 93,777 | 6,908 |
Jabil Inc. | 169,753 | 6,593 |
* Manhattan Associates Inc. | 78,421 | 6,549 |
* Tech Data Corp. | 43,386 | 6,286 |
SYNNEX Corp. | 49,820 | 6,118 |
National Instruments Corp. | 144,767 | 6,098 |
MAXIMUS Inc. | 77,792 | 5,807 |
* Cree Inc. | 130,469 | 5,768 |
* Silicon Laboratories Inc. | 52,844 | 5,598 |
j2 Global Inc. | 56,632 | 5,494 |
Littelfuse Inc. | 29,968 | 5,437 |
* ACI Worldwide Inc. | 142,050 | 5,327 |
* ViaSat Inc. | 70,175 | 5,158 |
KBR Inc. | 172,394 | 5,132 |
Avnet Inc. | 126,244 | 5,132 |
* First Solar Inc. | 92,411 | 5,105 |
Science Applications International Corp. | 59,724 | 5,097 |
* NCR Corp. | 155,080 | 5,091 |
* Cirrus Logic Inc. | 70,822 | 5,078 |
Blackbaud Inc. | 59,901 | 4,965 |
* SolarEdge Technologies Inc. | 58,413 | 4,767 |
LogMeIn Inc. | 60,369 | 4,708 |
Perspecta Inc. | 167,891 | 4,630 |
* Coherent Inc. | 29,196 | 4,405 |
* LiveRamp Holdings Inc. | 82,542 | 4,135 |
* CoreLogic Inc. | 97,838 | 4,053 |
* Semtech Corp. | 81,275 | 3,939 |
* Teradata Corp. | 139,373 | 3,702 |
Vishay Intertechnology Inc. | 161,501 | 3,212 |
* II-VI Inc. | 105,765 | 3,087 |
* CommVault Systems Inc. | 50,835 | 2,573 |
Belden Inc. | 46,952 | 2,523 |
* Synaptics Inc. | 40,256 | 2,301 |
InterDigital Inc. | 37,966 | 2,157 |
* NetScout Systems Inc. | 81,680 | 2,058 |
Plantronics Inc. | 39,600 | 1,003 |
346,108 | ||
Materials (6.0%) | ||
RPM International Inc. | 158,193 | 11,663 |
Reliance Steel & Aluminum Co. | 81,316 | 9,594 |
Royal Gold Inc. | 79,990 | 9,380 |
Steel Dynamics Inc. | 267,803 | 9,033 |
AptarGroup Inc. | 78,120 | 8,759 |
Sonoco Products Co. | 122,081 | 7,389 |
Ashland Global Holdings Inc. | 73,764 | 5,289 |
Valvoline Inc. | 229,174 | 5,191 |
Scotts Miracle-Gro Co. | 47,965 | 4,848 |
Eagle Materials Inc. | 51,164 | 4,709 |
* Ingevity Corp. | 51,133 | 4,618 |
Louisiana-Pacific Corp. | 151,021 | 4,479 |
NewMarket Corp. | 9,019 | 4,455 |
* Allegheny Technologies Inc. | 153,885 | 3,549 |
Olin Corp. | 200,571 | 3,514 |
Cabot Corp. | 70,415 | 3,309 |
Sensient Technologies Corp. | 51,568 | 3,264 |
Chemours Co. | 199,517 | 3,150 |
Commercial Metals Co. | 143,639 | 3,068 |
Carpenter Technology Corp. | 58,107 | 3,055 |
PolyOne Corp. | 93,680 | 2,954 |
Silgan Holdings Inc. | 94,784 | 2,920 |
^ United States Steel Corp. | 208,872 | 2,740 |
Domtar Corp. | 69,844 | 2,607 |
Minerals Technologies Inc. | 42,768 | 2,309 |
Compass Minerals International Inc. | 41,427 | 2,290 |
Owens-Illinois Inc. | 189,469 | 1,872 |
Worthington Industries Inc. | 45,268 | 1,734 |
Greif Inc. Class A | 31,930 | 1,378 |
133,120 | ||
Real Estate (11.1%) | ||
Camden Property Trust | 117,938 | 13,156 |
Medical Properties Trust Inc. | 605,172 | 12,563 |
Liberty Property Trust | 192,525 | 11,863 |
National Retail Properties Inc. | 209,439 | 11,674 |
Omega Healthcare Investors Inc. | 264,236 | 11,106 |
Jones Lang LaSalle Inc. | 62,853 | 10,454 |
Kilroy Realty Corp. | 113,365 | 9,437 |
Douglas Emmett Inc. | 201,082 | 8,862 |
Lamar Advertising Co. Class A | 104,884 | 8,751 |
CyrusOne Inc. | 138,127 | 8,605 |
American Campus Communities Inc. | 167,644 | 8,054 |
Brixmor Property Group Inc. | 363,497 | 7,975 |
Cousins Properties Inc. | 179,062 | 7,250 |
Park Hotels & Resorts Inc. | 292,249 | 6,912 |
EPR Properties | 94,568 | 6,707 |
First Industrial Realty Trust Inc. | 154,283 | 6,569 |
Spirit Realty Capital Inc. | 121,613 | 6,373 |
EastGroup Properties Inc. | 45,795 | 6,237 |
Life Storage Inc. | 56,874 | 6,229 |
Highwoods Properties Inc. | 126,489 | 6,141 |
JBG SMITH Properties | 143,898 | 5,739 |
Healthcare Realty Trust Inc. | 157,530 | 5,228 |
Sabra Health Care REIT Inc. | 231,025 | 5,147 | ||
CoreSite Realty Corp. | 44,955 | 5,097 | ||
Rayonier Inc. | 157,759 | 4,832 | ||
Weingarten Realty Investors | 146,885 | 4,677 | ||
Service Properties Trust | 200,421 | 4,668 | ||
PS Business Parks Inc. | 24,463 | 4,320 | ||
Pebblebrook Hotel Trust | 159,734 | 4,185 | ||
Corporate Office Properties Trust | 136,746 | 3,990 | ||
PotlatchDeltic Corp. | 82,025 | 3,562 | ||
Urban Edge Properties | 140,401 | 2,911 | ||
Taubman Centers Inc. | 74,549 | 2,421 | ||
Mack-Cali Realty Corp. | 110,732 | 2,369 | ||
CoreCivic Inc. | 145,702 | 2,207 | ||
Senior Housing Properties Trust | 289,738 | 2,121 | ||
GEO Group Inc. | 148,398 | 2,057 | ||
Alexander & Baldwin Inc. | 82,745 | 1,794 | ||
^ Tanger Factory Outlet Centers Inc. | 113,053 | 1,721 | ||
Uniti Group Inc. | 236,653 | 1,590 | ||
245,554 | ||||
Utilities (4.4%) | ||||
Aqua America Inc. | 263,301 | 11,656 | ||
UGI Corp. | 254,859 | 11,099 | ||
OGE Energy Corp. | 244,175 | 10,270 | ||
MDU Resources Group Inc. | 242,812 | 7,051 | ||
IDACORP Inc. | 61,449 | 6,455 | ||
Hawaiian Electric Industries Inc. | 133,086 | 5,812 | ||
ONE Gas Inc. | 64,290 | 5,714 | ||
Black Hills Corp. | 74,445 | 5,700 | ||
ALLETE Inc. | 62,855 | 5,035 | ||
Southwest Gas Holdings Inc. | 66,220 | 5,017 | ||
Spire Inc. | 61,814 | 4,786 | ||
National Fuel Gas Co. | 104,989 | 4,727 | ||
PNM Resources Inc. | 97,012 | 4,700 | ||
New Jersey Resources Corp. | 109,970 | 4,678 | ||
NorthWestern Corp. | 61,631 | 4,411 | ||
97,111 | ||||
Total Common Stocks (Cost $1,979,499) | 2,201,638 | |||
Coupon | ||||
Temporary Cash Investments (0.8%)1 | ||||
Money Market Fund (0.8%) | ||||
2,3 Vanguard Market Liquidity Fund | 1.841% | 160,861 | 16,089 | |
Face | ||||
Maturity | Amount | |||
Date | ($000) | |||
U.S. Government and Agency Obligations (0.0%) | ||||
4 United States Treasury Bill | 1.527% | 4/30/20 | 450 | 447 |
Total Temporary Cash Investments (Cost $16,533) | 16,536 | |||
Total Investments (100.5%) (Cost $1,996,032) | 2,218,174 | |||
Other Assets and Liabilities-Net (-0.5%)3 | (10,411) | |||
Net Assets (100%) | 2,207,763 |
* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $11,781,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.5%, respectively, of net assets.
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 $12,475,000 was received for securities on loan.
4 Securities with a value of $178,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.
Derivative Financial Instruments Outstanding as of Period End | ||||
Futures Contracts | ||||
($000) | ||||
Number of | Value and | |||
Long | Unrealized | |||
(Short) | Notional | Appreciation | ||
Expiration | Contracts | Amount | (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P Mid-Cap 400 Index | December 2019 | 24 | 4,824 | 101 |
A. Security Valuation: Securities are valued as of the close of trading on
the New York Stock Exchange (generally 4 p.m., Eastern time) on the
valuation date. Equity securities are valued at the latest quoted sales
prices or official closing prices taken from the primary market in which
each security trades; such securities not traded on the valuation date are
valued at the mean of the latest quoted bid and asked prices. Securities
for which market quotations are not readily available, or whose values have
been materially affected by events occurring before the fund's pricing time
but after the close of the securities’ primary markets, are valued by
methods deemed by the board of trustees to represent fair value.
Investments in Vanguard Market Liquidity Fund are valued at that fund's net
asset value. Temporary cash investments are valued using the latest bid
prices or using valuations based on a matrix system (which considers such
factors as security prices, yields, maturities, and ratings), both as
furnished by independent pricing services.
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
S&P Mid-Cap 400 Index Fund
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 assets pledged as initial margin for open contracts are
noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The
notional amounts of the contracts are not recorded in the Schedule of
Investments. 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. 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 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, 2019, based on the inputs used to value
them:
Level 1 | Level 2 | Level 3 | |
Investments | ($000) | ($000) | ($000) |
Common Stocks | 2,201,638 | — | — |
Temporary Cash Investments | 16,089 | 447 | — |
Futures Contracts—Liabilities1 | (51) | — | — |
Total | 2,217,676 | 447 | — |
1 Represents variation margin on the last day of the reporting period. |