Vanguard S&P Mid-Cap 400 Growth Index Fund
Schedule of Investments (unaudited)
As of May 31, 2020
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%) | ||||||
Communication Services (1.8%) | ||||||
Cable One Inc. | 5,010 | 9,453 | ||||
New York Times Co. Class A | 94,580 | 3,711 | ||||
* | Yelp Inc. Class A | 63,664 | 1,384 | |||
World Wrestling Entertainment Inc. Class A | 26,933 | 1,246 | ||||
15,794 | ||||||
Consumer Discretionary (14.5%) | ||||||
Pool Corp. | 39,911 | 10,737 | ||||
* | Etsy Inc. | 118,115 | 9,565 | |||
Gentex Corp. | 252,173 | 6,668 | ||||
* | Caesars Entertainment Corp. | 556,393 | 6,337 | |||
* | Five Below Inc. | 55,498 | 5,808 | |||
Dunkin' Brands Group Inc. | 82,584 | 5,275 | ||||
* | Deckers Outdoor Corp. | 27,888 | 5,090 | |||
Polaris Inc. | 57,321 | 5,006 | ||||
Churchill Downs Inc. | 35,339 | 4,688 | ||||
Williams-Sonoma Inc. | 53,383 | 4,442 | ||||
Wyndham Hotels & Resorts Inc. | 94,872 | 4,358 | ||||
* | Skechers U.S.A. Inc. Class A | 133,493 | 4,181 | |||
Service Corp. International | 92,923 | 3,664 | ||||
* | RH | 16,286 | 3,532 | |||
Marriott Vacations Worldwide Corp. | 37,300 | 3,351 | ||||
* | Murphy USA Inc. | 28,823 | 3,346 | |||
* | Tempur Sealy International Inc. | 45,293 | 2,955 | |||
* | Grubhub Inc. | 51,051 | 2,897 | |||
*,1 | Ollie's Bargain Outlet Holdings Inc. | 30,528 | 2,792 | |||
* | Helen of Troy Ltd. | 14,799 | 2,692 | |||
Choice Hotels International Inc. | 31,669 | 2,560 | ||||
Carter's Inc. | 27,725 | 2,382 | ||||
*,1 | Eldorado Resorts Inc. | 65,125 | 2,309 | |||
Wendy's Co. | 106,409 | 2,262 | ||||
Brunswick Corp. | 39,846 | 2,192 | ||||
Toll Brothers Inc. | 60,169 | 1,944 | ||||
Texas Roadhouse Inc. Class A | 33,171 | 1,720 | ||||
Boyd Gaming Corp. | 79,796 | 1,706 | ||||
* | Visteon Corp. | 19,786 | 1,425 | |||
Aaron's Inc. | 38,159 | 1,408 | ||||
Columbia Sportswear Co. | 17,944 | 1,311 | ||||
KB Home | 39,287 | 1,300 | ||||
Wyndham Destinations Inc. | 38,884 | 1,237 | ||||
Papa John's International Inc. | 14,063 | 1,095 | ||||
Six Flags Entertainment Corp. | 39,178 | 900 |
Shares | Market Value ($000) | |||||
* | Scientific Games Corp. | 53,921 | 848 | |||
Jack in the Box Inc. | 11,535 | 773 | ||||
* | WW International Inc. | 24,111 | 576 | |||
125,332 | ||||||
Consumer Staples (2.5%) | ||||||
Casey's General Stores Inc. | 36,666 | 5,857 | ||||
* | Boston Beer Co. Inc. Class A | 9,187 | 5,188 | |||
1 | Energizer Holdings Inc. | 64,133 | 2,814 | |||
* | Post Holdings Inc. | 30,472 | 2,653 | |||
Sanderson Farms Inc. | 19,653 | 2,595 | ||||
Lancaster Colony Corp. | 9,664 | 1,483 | ||||
* | Pilgrim's Pride Corp. | 33,552 | 693 | |||
Tootsie Roll Industries Inc. | 7,930 | 282 | ||||
21,565 | ||||||
Energy (0.6%) | ||||||
* | WPX Energy Inc. | 414,635 | 2,351 | |||
Cimarex Energy Co. | 54,819 | 1,440 | ||||
* | Matador Resources Co. | 109,312 | 857 | |||
1 | Murphy Oil Corp. | 66,918 | 800 | |||
5,448 | ||||||
Financials (8.6%) | ||||||
FactSet Research Systems Inc. | 37,824 | 11,631 | ||||
Brown & Brown Inc. | 233,105 | 9,371 | ||||
RenaissanceRe Holdings Ltd. | 44,022 | 7,390 | ||||
SEI Investments Co. | 125,813 | 6,822 | ||||
Primerica Inc. | 41,230 | 4,685 | ||||
Alleghany Corp. | 7,174 | 3,681 | ||||
Commerce Bancshares Inc. | 56,860 | 3,624 | ||||
Essent Group Ltd. | 102,974 | 3,403 | ||||
Eaton Vance Corp. | 80,080 | 2,887 | ||||
First Financial Bankshares Inc. | 86,667 | 2,656 | ||||
New York Community Bancorp Inc. | 232,942 | 2,341 | ||||
* | LendingTree Inc. | 7,645 | 1,988 | |||
RLI Corp. | 25,059 | 1,979 | ||||
FirstCash Inc. | 27,652 | 1,929 | ||||
SLM Corp. | 210,419 | 1,595 | ||||
Stifel Financial Corp. | 33,399 | 1,593 | ||||
Federated Hermes Inc. Class B | 67,999 | 1,506 | ||||
Evercore Inc. Class A | 27,276 | 1,503 | ||||
Bank of Hawaii Corp. | 23,288 | 1,498 | ||||
Washington Federal Inc. | 49,162 | 1,271 | ||||
CIT Group Inc. | 44,398 | 805 | ||||
74,158 | ||||||
Health Care (15.7%) | ||||||
* | Catalent Inc. | 154,267 | 11,991 | |||
* | Masimo Corp. | 48,905 | 11,747 | |||
Bio-Techne Corp. | 37,991 | 10,060 | ||||
* | Charles River Laboratories International Inc. | 48,685 | 8,747 | |||
Chemed Corp. | 15,959 | 7,637 | ||||
* | Bio-Rad Laboratories Inc. Class A | 15,508 | 7,619 | |||
* | Exelixis Inc. | 302,890 | 7,484 | |||
* | PRA Health Sciences Inc. | 63,049 | 6,526 | |||
* | Amedisys Inc. | 32,153 | 6,175 | |||
* | Repligen Corp. | 46,705 | 6,117 | |||
* | Penumbra Inc. | 32,020 | 5,521 | |||
* | LHC Group Inc. | 29,527 | 4,798 | |||
* | HealthEquity Inc. | 70,659 | 4,379 |
Shares | Market Value ($000) | |||||
* | Globus Medical Inc. Class A | 76,731 | 4,193 | |||
* | ICU Medical Inc. | 19,165 | 3,826 | |||
* | Syneos Health Inc. | 62,083 | 3,786 | |||
Hill-Rom Holdings Inc. | 36,604 | 3,722 | ||||
* | Integra LifeSciences Holdings Corp. | 71,046 | 3,702 | |||
* | Haemonetics Corp. | 32,335 | 3,547 | |||
Encompass Health Corp. | 46,200 | 3,384 | ||||
* | Arrowhead Pharmaceuticals Inc. | 99,791 | 3,217 | |||
* | NuVasive Inc. | 33,743 | 2,045 | |||
*,1 | Ligand Pharmaceuticals Inc. | 16,454 | 1,671 | |||
* | LivaNova plc | 24,586 | 1,315 | |||
* | Nektar Therapeutics Class A | 56,122 | 1,218 | |||
Cantel Medical Corp. | 20,918 | 880 | ||||
* | MEDNAX Inc. | 32,635 | 507 | |||
135,814 | ||||||
Industrials (18.0%) | ||||||
* | Teledyne Technologies Inc. | 36,355 | 13,601 | |||
Nordson Corp. | 51,004 | 9,607 | ||||
Graco Inc. | 166,250 | 8,015 | ||||
Toro Co. | 106,264 | 7,552 | ||||
* | Trex Co. Inc. | 58,152 | 6,985 | |||
* | Generac Holdings Inc. | 62,344 | 6,937 | |||
Carlisle Cos. Inc. | 56,495 | 6,771 | ||||
Hubbell Inc. Class B | 54,214 | 6,637 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 122,477 | 5,096 | ||||
Lincoln Electric Holdings Inc. | 60,956 | 5,009 | ||||
* | Mercury Systems Inc. | 55,362 | 4,947 | |||
Lennox International Inc. | 23,069 | 4,933 | ||||
* | FTI Consulting Inc. | 37,511 | 4,519 | |||
* | Axon Enterprise Inc. | 59,154 | 4,493 | |||
Tetra Tech Inc. | 54,413 | 4,293 | ||||
Woodward Inc. | 56,212 | 3,855 | ||||
Donaldson Co. Inc. | 80,742 | 3,831 | ||||
ITT Inc. | 58,575 | 3,380 | ||||
Curtiss-Wright Corp. | 31,066 | 3,116 | ||||
Landstar System Inc. | 26,749 | 3,110 | ||||
* | Clean Harbors Inc. | 51,182 | 3,040 | |||
Owens Corning | 57,477 | 3,018 | ||||
Watsco Inc. | 16,598 | 2,953 | ||||
Oshkosh Corp. | 40,028 | 2,875 | ||||
Timken Co. | 67,583 | 2,875 | ||||
MSA Safety Inc. | 22,736 | 2,704 | ||||
* | MasTec Inc. | 60,115 | 2,353 | |||
* | Stericycle Inc. | 39,968 | 2,191 | |||
Brink's Co. | 49,869 | 2,000 | ||||
* | ASGN Inc. | 32,106 | 1,977 | |||
AGCO Corp. | 33,119 | 1,829 | ||||
CoreLogic Inc. | 35,671 | 1,768 | ||||
EMCOR Group Inc. | 25,750 | 1,636 | ||||
* | Kirby Corp. | 31,075 | 1,594 | |||
Herman Miller Inc. | 58,854 | 1,355 | ||||
Valmont Industries Inc. | 9,871 | 1,125 | ||||
Insperity Inc. | 20,990 | 1,088 | ||||
* | Colfax Corp. | 37,511 | 1,053 | |||
Werner Enterprises Inc. | 20,308 | 939 | ||||
Deluxe Corp. | 18,991 | 443 | ||||
155,503 |
Shares | Market Value ($000) | |||||
Information Technology (21.9%) | ||||||
* | Tyler Technologies Inc. | 38,862 | 14,585 | |||
* | Fair Isaac Corp. | 28,870 | 11,625 | |||
Teradyne Inc. | 167,048 | 11,196 | ||||
* | Trimble Inc. | 248,348 | 9,715 | |||
Cognex Corp. | 170,356 | 9,666 | ||||
Monolithic Power Systems Inc. | 40,270 | 8,447 | ||||
* | SolarEdge Technologies Inc. | 48,458 | 6,876 | |||
* | WEX Inc. | 43,154 | 6,390 | |||
* | CACI International Inc. Class A | 24,962 | 6,260 | |||
Universal Display Corp. | 42,266 | 6,196 | ||||
MKS Instruments Inc. | 54,338 | 5,740 | ||||
* | Lumentum Holdings Inc. | 76,956 | 5,642 | |||
* | Manhattan Associates Inc. | 63,699 | 5,631 | |||
* | Ciena Corp. | 95,607 | 5,283 | |||
* | Paylocity Holding Corp. | 35,741 | 4,647 | |||
Cabot Microelectronics Corp. | 29,012 | 4,203 | ||||
* | Cirrus Logic Inc. | 57,615 | 4,176 | |||
* | Ceridian HCM Holding Inc. | 60,279 | 4,151 | |||
Jabil Inc. | 138,482 | 4,143 | ||||
* | PTC Inc. | 53,881 | 4,115 | |||
* | Silicon Laboratories Inc. | 43,236 | 4,050 | |||
* | J2 Global Inc. | 46,147 | 3,613 | |||
* | Coherent Inc. | 24,076 | 3,496 | |||
* | Enphase Energy Inc. | 57,096 | 3,322 | |||
KBR Inc. | 141,268 | 3,313 | ||||
* | ACI Worldwide Inc. | 115,235 | 3,178 | |||
Perspecta Inc. | 137,075 | 3,039 | ||||
CDK Global Inc. | 73,821 | 2,902 | ||||
Blackbaud Inc. | 49,031 | 2,874 | ||||
LogMeIn Inc. | 31,142 | 2,644 | ||||
MAXIMUS Inc. | 35,076 | 2,526 | ||||
Littelfuse Inc. | 15,297 | 2,486 | ||||
National Instruments Corp. | 55,261 | 2,140 | ||||
Science Applications International Corp. | 22,010 | 1,938 | ||||
* | Semtech Corp. | 33,679 | 1,791 | |||
* | LiveRamp Holdings Inc. | 26,994 | 1,361 | |||
* | Synaptics Inc. | 20,349 | 1,297 | |||
* | ViaSat Inc. | 29,323 | 1,232 | |||
* | NCR Corp. | 54,701 | 987 | |||
* | Teradata Corp. | 43,739 | 936 | |||
Sabre Corp. | 131,071 | 914 | ||||
* | CommVault Systems Inc. | 20,543 | 831 | |||
189,557 | ||||||
Materials (5.7%) | ||||||
Royal Gold Inc. | 65,387 | 8,710 | ||||
Reliance Steel & Aluminum Co. | 66,455 | 6,446 | ||||
RPM International Inc. | 77,562 | 5,800 | ||||
Scotts Miracle-Gro Co. | 39,496 | 5,631 | ||||
AptarGroup Inc. | 38,233 | 4,259 | ||||
Steel Dynamics Inc. | 105,254 | 2,795 | ||||
Eagle Materials Inc. | 41,503 | 2,771 | ||||
* | Ingevity Corp. | 41,695 | 2,196 | |||
NewMarket Corp. | 4,785 | 2,087 | ||||
Louisiana-Pacific Corp. | 84,304 | 1,990 | ||||
Valvoline Inc. | 101,420 | 1,861 | ||||
Silgan Holdings Inc. | 46,370 | 1,551 | ||||
Compass Minerals International Inc. | 24,280 | 1,170 |
Shares | Market Value ($000) | |||||
Cabot Corp. | 25,564 | 913 | ||||
Carpenter Technology Corp. | 26,148 | 611 | ||||
* | Allegheny Technologies Inc. | 61,445 | 533 | |||
49,324 | ||||||
Real Estate (8.6%) | ||||||
CyrusOne Inc. | 73,347 | 5,453 | ||||
CoreSite Realty Corp. | 40,180 | 5,015 | ||||
Camden Property Trust | 53,091 | 4,861 | ||||
Cousins Properties Inc. | 146,304 | 4,553 | ||||
EastGroup Properties Inc. | 38,289 | 4,451 | ||||
Lamar Advertising Co. Class A | 52,303 | 3,468 | ||||
Kilroy Realty Corp. | 58,337 | 3,332 | ||||
STORE Capital Corp. Class A | 166,144 | 3,213 | ||||
First Industrial Realty Trust Inc. | 83,526 | 3,164 | ||||
Omega Healthcare Investors Inc. | 98,018 | 3,052 | ||||
Douglas Emmett Inc. | 103,523 | 3,039 | ||||
National Retail Properties Inc. | 94,109 | 2,954 | ||||
Life Storage Inc. | 28,368 | 2,765 | ||||
PS Business Parks Inc. | 19,966 | 2,668 | ||||
Jones Lang LaSalle Inc. | 24,660 | 2,525 | ||||
American Campus Communities Inc. | 65,753 | 2,124 | ||||
Highwoods Properties Inc. | 51,714 | 1,979 | ||||
Healthcare Realty Trust Inc. | 61,328 | 1,883 | ||||
Brixmor Property Group Inc. | 166,286 | 1,856 | ||||
Physicians Realty Trust | 96,257 | 1,662 | ||||
Rayonier Inc. | 57,973 | 1,377 | ||||
Hudson Pacific Properties Inc. | 55,734 | 1,347 | ||||
Corporate Office Properties Trust | 51,364 | 1,283 | ||||
Spirit Realty Capital Inc. | 41,761 | 1,187 | ||||
EPR Properties | 34,422 | 1,087 | ||||
Taubman Centers Inc. | 26,243 | 1,085 | ||||
PotlatchDeltic Corp. | 30,826 | 1,048 | ||||
Weingarten Realty Investors | 53,064 | 949 | ||||
Urban Edge Properties | 52,687 | 514 | ||||
73,894 | ||||||
Utilities (1.9%) | ||||||
Essential Utilities Inc. | 118,332 | 5,178 | ||||
ONE Gas Inc. | 26,282 | 2,207 | ||||
IDACORP Inc. | 22,605 | 2,107 | ||||
Hawaiian Electric Industries Inc. | 52,140 | 2,057 | ||||
MDU Resources Group Inc. | 83,896 | 1,826 | ||||
Black Hills Corp. | 28,793 | 1,777 | ||||
PNM Resources Inc. | 39,703 | 1,621 | ||||
16,773 | ||||||
Total Common Stocks (Cost $832,215) | 863,162 |
Coupon | Shares | Market Value ($000) | ||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $5,227) | 0.307% | 52,277 | 5,228 | ||
Total Investments (100.4%) (Cost $837,442) | 868,390 | |||||
Other Assets and Liabilities-Net (-0.4%)3,4 | (3,861) | |||||
Net Assets (100.0%) | 864,529 |
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 $4,352,000. |
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 $4,465,000 was received for securities on loan. |
4 | Cash of $97,000 has been segregated as initial margin for open futures contracts. |
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 Mid-Cap 400 Index | June 2020 | 6 | 1,057 | 60 |
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.
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 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.
At May 31, 2020, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.