Vanguard® S&P Mid-Cap 400 Growth Index Fund
Schedule of Investments (unaudited)
As of May 31, 2021
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | |||||
Common Stocks (100.0%) | ||||||
Communication Services (2.3%) | ||||||
Cable One Inc. | 5,442 | 9,880 | ||||
New York Times Co. Class A | 145,266 | 6,220 | ||||
* | Iridium Communications Inc. | 72,216 | 2,759 | |||
TEGNA Inc. | 88,036 | 1,707 | ||||
* | TripAdvisor Inc. | 35,733 | 1,553 | |||
World Wrestling Entertainment Inc. Class A | 27,139 | 1,516 | ||||
* | Yelp Inc. Class A | 35,937 | 1,442 | |||
25,077 | ||||||
Consumer Discretionary (15.9%) | ||||||
Williams-Sonoma Inc. | 76,733 | 13,009 | ||||
Lithia Motors Inc. Class A | 29,795 | 10,488 | ||||
* | RH | 16,352 | 10,482 | |||
* | Five Below Inc. | 55,978 | 10,307 | |||
* | Deckers Outdoor Corp. | 28,225 | 9,468 | |||
* | Mattel Inc. | 348,834 | 7,399 | |||
Tempur Sealy International Inc. | 191,336 | 7,366 | ||||
Churchill Downs Inc. | 34,694 | 6,922 | ||||
Texas Roadhouse Inc. Class A | 65,565 | 6,603 | ||||
* | YETI Holdings Inc. | 75,113 | 6,580 | |||
* | TopBuild Corp. | 33,082 | 6,552 | |||
* | Fox Factory Holding Corp. | 41,881 | 6,512 | |||
* | Grubhub Inc. | 93,432 | 5,616 | |||
Service Corp. International | 101,848 | 5,400 | ||||
* | Helen of Troy Ltd. | 24,442 | 5,145 | |||
Gentex Corp. | 141,603 | 5,027 | ||||
* | Ollie's Bargain Outlet Holdings Inc. | 57,022 | 4,929 | |||
Brunswick Corp. | 42,858 | 4,381 | ||||
Wingstop Inc. | 29,744 | 4,244 | ||||
Wendy's Co. | 179,410 | 4,166 | ||||
Wyndham Hotels & Resorts Inc. | 50,408 | 3,784 | ||||
Polaris Inc. | 27,431 | 3,600 | ||||
Toll Brothers Inc. | 49,394 | 3,222 | ||||
Papa John's International Inc. | 32,990 | 3,099 | ||||
* | Boyd Gaming Corp. | 43,575 | 2,806 | |||
Jack in the Box Inc. | 22,870 | 2,598 | ||||
* | Scientific Games Corp. | 32,703 | 2,372 | |||
Travel + Leisure Co. | 33,575 | 2,187 | ||||
* | Choice Hotels International Inc. | 15,334 | 1,854 | |||
* | Visteon Corp. | 13,426 | 1,644 | |||
* | Grand Canyon Education Inc. | 17,376 | 1,580 | |||
Columbia Sportswear Co. | 12,826 | 1,318 |
Shares | Market Value ($000) | |||||
* | Six Flags Entertainment Corp. | 28,910 | 1,313 | |||
* | WW International Inc. | 18,588 | 731 | |||
172,704 | ||||||
Consumer Staples (3.2%) | ||||||
* | Darling Ingredients Inc. | 162,906 | 11,153 | |||
* | Boston Beer Co. Inc. Class A | 9,222 | 9,758 | |||
Casey's General Stores Inc. | 14,066 | 3,106 | ||||
Lancaster Colony Corp. | 11,366 | 2,122 | ||||
* | Hain Celestial Group Inc. | 50,886 | 2,074 | |||
Flowers Foods Inc. | 76,925 | 1,853 | ||||
* | Grocery Outlet Holding Corp. | 53,837 | 1,834 | |||
Nu Skin Enterprises Inc. Class A | 28,017 | 1,686 | ||||
Energizer Holdings Inc. | 27,412 | 1,262 | ||||
Tootsie Roll Industries Inc. | 7,351 | 230 | ||||
35,078 | ||||||
Energy (1.4%) | ||||||
Cimarex Energy Co. | 49,441 | 3,350 | ||||
* | CNX Resources Corp. | 220,129 | 2,998 | |||
Antero Midstream Corp. | 286,697 | 2,752 | ||||
* | EQT Corp. | 106,169 | 2,217 | |||
* | ChampionX Corp. | 76,588 | 2,030 | |||
Equitrans Midstream Corp. | 183,792 | 1,514 | ||||
14,861 | ||||||
Financials (8.9%) | ||||||
FactSet Research Systems Inc. | 38,051 | 12,723 | ||||
Brown & Brown Inc. | 234,580 | 12,320 | ||||
SLM Corp. | 335,781 | 6,799 | ||||
Primerica Inc. | 39,419 | 6,394 | ||||
Interactive Brokers Group Inc. Class A | 80,949 | 5,445 | ||||
Signature Bank | 20,012 | 4,998 | ||||
First Financial Bankshares Inc. | 91,214 | 4,593 | ||||
RenaissanceRe Holdings Ltd. | 28,963 | 4,464 | ||||
* | Brighthouse Financial Inc. | 87,544 | 4,260 | |||
Commerce Bancshares Inc. | 50,679 | 3,947 | ||||
Evercore Inc. Class A | 26,525 | 3,869 | ||||
SEI Investments Co. | 60,869 | 3,861 | ||||
Kinsale Capital Group Inc. | 21,447 | 3,570 | ||||
Stifel Financial Corp. | 44,173 | 3,060 | ||||
Glacier Bancorp Inc. | 47,807 | 2,785 | ||||
Essent Group Ltd. | 56,531 | 2,704 | ||||
RLI Corp. | 23,486 | 2,477 | ||||
* | LendingTree Inc. | 10,917 | 2,241 | |||
Umpqua Holdings Corp. | 94,982 | 1,812 | ||||
PROG Holdings Inc. | 31,215 | 1,646 | ||||
PacWest Bancorp | 32,734 | 1,479 | ||||
Federated Hermes Inc. Class B | 38,657 | 1,229 | ||||
96,676 | ||||||
Health Care (18.0%) | ||||||
Bio-Techne Corp. | 38,872 | 16,086 | ||||
* | PRA Health Sciences Inc. | 64,666 | 11,053 | |||
* | Masimo Corp. | 50,942 | 10,983 | |||
* | Jazz Pharmaceuticals plc | 60,210 | 10,725 | |||
* | Repligen Corp. | 51,033 | 9,319 | |||
* | Neurocrine Biosciences Inc. | 94,120 | 9,056 | |||
* | Amedisys Inc. | 32,911 | 8,503 | |||
* | Penumbra Inc. | 33,961 | 8,460 | |||
Chemed Corp. | 16,063 | 7,892 |
Shares | Market Value ($000) | |||||
* | Molina Healthcare Inc. | 31,380 | 7,888 | |||
* | Syneos Health Inc. | 89,710 | 7,886 | |||
* | Arrowhead Pharmaceuticals Inc. | 103,985 | 7,549 | |||
* | Exelixis Inc. | 312,573 | 7,049 | |||
* | HealthEquity Inc. | 83,074 | 6,905 | |||
* | STAAR Surgical Co. | 46,652 | 6,813 | |||
* | LHC Group Inc. | 31,653 | 6,231 | |||
* | Globus Medical Inc. Class A | 77,431 | 5,580 | |||
* | Halozyme Therapeutics Inc. | 127,397 | 5,276 | |||
Encompass Health Corp. | 55,694 | 4,778 | ||||
* | Medpace Holdings Inc. | 27,567 | 4,605 | |||
* | Quidel Corp. | 38,583 | 4,557 | |||
* | United Therapeutics Corp. | 18,742 | 3,484 | |||
* | R1 RCM Inc. | 138,037 | 3,196 | |||
Hill-Rom Holdings Inc. | 27,924 | 3,107 | ||||
* | Neogen Corp. | 32,006 | 2,954 | |||
* | Emergent BioSolutions Inc. | 45,389 | 2,753 | |||
* | Integra LifeSciences Holdings Corp. | 35,502 | 2,451 | |||
* | Acadia Healthcare Co. Inc. | 33,898 | 2,182 | |||
* | ICU Medical Inc. | 10,045 | 2,090 | |||
* | Haemonetics Corp. | 28,004 | 1,581 | |||
* | Cantel Medical Corp. | 18,088 | 1,471 | |||
* | Nektar Therapeutics | 69,484 | 1,256 | |||
* | Progyny Inc. | 18,369 | 1,176 | |||
* | Ligand Pharmaceuticals Inc. | 8,664 | 1,020 | |||
195,915 | ||||||
Industrials (19.7%) | ||||||
Graco Inc. | 169,087 | 12,803 | ||||
Toro Co. | 107,824 | 11,978 | ||||
* | Trex Co. Inc. | 116,020 | 11,302 | |||
* | Axon Enterprise Inc. | 63,904 | 8,984 | |||
* | XPO Logistics Inc. | 53,247 | 7,824 | |||
Lincoln Electric Holdings Inc. | 59,774 | 7,686 | ||||
* | IAA Inc. | 134,810 | 7,680 | |||
Nordson Corp. | 34,111 | 7,562 | ||||
* | Sunrun Inc. | 160,343 | 7,171 | |||
Lennox International Inc. | 20,299 | 7,103 | ||||
Tetra Tech Inc. | 54,332 | 6,491 | ||||
Hubbell Inc. Class B | 32,639 | 6,222 | ||||
MSA Safety Inc. | 36,422 | 6,121 | ||||
Timken Co. | 68,267 | 6,038 | ||||
Carlisle Cos. Inc. | 30,968 | 5,956 | ||||
Watsco Inc. | 20,417 | 5,950 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 122,813 | 5,862 | ||||
CoreLogic Inc. | 73,291 | 5,827 | ||||
* | Middleby Corp. | 34,003 | 5,586 | |||
* | ASGN Inc. | 53,102 | 5,474 | |||
Simpson Manufacturing Co. Inc. | 43,419 | 4,877 | ||||
* | FTI Consulting Inc. | 34,306 | 4,719 | |||
* | Builders FirstSource Inc. | 101,345 | 4,514 | |||
Landstar System Inc. | 24,230 | 4,131 | ||||
Donaldson Co. Inc. | 63,182 | 3,891 | ||||
Woodward Inc. | 30,546 | 3,885 | ||||
* | Mercury Systems Inc. | 56,248 | 3,681 | |||
ITT Inc. | 38,997 | 3,662 | ||||
AGCO Corp. | 25,954 | 3,591 | ||||
Insperity Inc. | 35,609 | 3,283 | ||||
Regal Beloit Corp. | 20,346 | 2,894 |
Shares | Market Value ($000) | |||||
* | Stericycle Inc. | 35,798 | 2,812 | |||
* | CACI International Inc. Class A | 10,871 | 2,772 | |||
MSC Industrial Direct Co. Inc. Class A | 23,403 | 2,209 | ||||
Valmont Industries Inc. | 8,715 | 2,161 | ||||
Science Applications International Corp. | 22,751 | 2,044 | ||||
EnerSys | 20,956 | 1,975 | ||||
Curtiss-Wright Corp. | 15,177 | 1,902 | ||||
* | Clean Harbors Inc. | 19,702 | 1,834 | |||
Brink's Co. | 18,833 | 1,420 | ||||
Terex Corp. | 26,467 | 1,386 | ||||
Werner Enterprises Inc. | 26,330 | 1,264 | ||||
214,527 | ||||||
Information Technology (19.2%) | ||||||
* | Fair Isaac Corp. | 29,292 | 14,824 | |||
Cognex Corp. | 176,361 | 14,001 | ||||
* | SolarEdge Technologies Inc. | 51,680 | 13,334 | |||
* | Cree Inc. | 115,456 | 11,547 | |||
MKS Instruments Inc. | 55,327 | 10,414 | ||||
Universal Display Corp. | 42,950 | 9,271 | ||||
* | Manhattan Associates Inc. | 63,924 | 8,692 | |||
Brooks Automation Inc. | 74,360 | 7,591 | ||||
* | Lattice Semiconductor Corp. | 136,791 | 7,260 | |||
* | II-VI Inc. | 104,961 | 7,071 | |||
* | Ceridian HCM Holding Inc. | 77,404 | 6,925 | |||
* | First Solar Inc. | 84,945 | 6,465 | |||
Littelfuse Inc. | 24,583 | 6,422 | ||||
* | Aspen Technology Inc. | 46,892 | 6,399 | |||
* | Paylocity Holding Corp. | 37,588 | 6,384 | |||
* | Lumentum Holdings Inc. | 75,844 | 6,171 | |||
* | WEX Inc. | 25,680 | 5,031 | |||
Genpact Ltd. | 106,937 | 4,891 | ||||
CMC Materials Inc. | 29,222 | 4,510 | ||||
* | Sailpoint Technologies Holdings Inc. | 91,601 | 4,262 | |||
* | Semtech Corp. | 65,128 | 4,103 | |||
* | Silicon Laboratories Inc. | 25,966 | 3,546 | |||
Maximus Inc. | 38,176 | 3,538 | ||||
* | J2 Global Inc. | 26,801 | 3,338 | |||
* | Qualys Inc. | 33,782 | 3,266 | |||
CDK Global Inc. | 60,996 | 3,193 | ||||
* | Concentrix Corp. | 19,997 | 3,054 | |||
* | Ciena Corp. | 57,518 | 3,041 | |||
* | ACI Worldwide Inc. | 63,381 | 2,425 | |||
National Instruments Corp. | 59,337 | 2,421 | ||||
* | Coherent Inc. | 8,328 | 2,187 | |||
* | Synaptics Inc. | 16,797 | 2,122 | |||
* | Cirrus Logic Inc. | 25,007 | 1,952 | |||
* | Teradata Corp. | 40,406 | 1,934 | |||
* | LiveRamp Holdings Inc. | 35,534 | 1,785 | |||
* | CommVault Systems Inc. | 23,073 | 1,758 | |||
* | Sabre Corp. | 114,418 | 1,585 | |||
* | Blackbaud Inc. | 21,810 | 1,542 | |||
Amkor Technology Inc. | 32,190 | 679 | ||||
208,934 | ||||||
Materials (5.6%) | ||||||
* | Cleveland-Cliffs Inc. | 459,843 | 9,252 | |||
Scotts Miracle-Gro Co. | 40,741 | 8,856 | ||||
RPM International Inc. | 80,820 | 7,559 |
Shares | Market Value ($000) | |||||
AptarGroup Inc. | 39,828 | 5,867 | ||||
Royal Gold Inc. | 38,126 | 4,719 | ||||
Louisiana-Pacific Corp. | 58,693 | 3,945 | ||||
* | Eagle Materials Inc. | 26,053 | 3,823 | |||
Valvoline Inc. | 109,061 | 3,599 | ||||
Chemours Co. | 74,469 | 2,676 | ||||
Ashland Global Holdings Inc. | 19,695 | 1,868 | ||||
Sensient Technologies Corp. | 20,402 | 1,770 | ||||
* | Ingevity Corp. | 19,899 | 1,638 | |||
Silgan Holdings Inc. | 34,416 | 1,450 | ||||
Worthington Industries Inc. | 20,010 | 1,328 | ||||
Compass Minerals International Inc. | 16,340 | 1,142 | ||||
NewMarket Corp. | 2,782 | 955 | ||||
60,447 | ||||||
Real Estate (5.2%) | ||||||
CyrusOne Inc. | 120,692 | 8,901 | ||||
Camden Property Trust | 45,944 | 5,760 | ||||
Medical Properties Trust Inc. | 226,653 | 4,798 | ||||
Lamar Advertising Co. Class A | 43,330 | 4,542 | ||||
Rexford Industrial Realty Inc. | 77,696 | 4,291 | ||||
Life Storage Inc. | 39,317 | 3,910 | ||||
EastGroup Properties Inc. | 23,048 | 3,643 | ||||
First Industrial Realty Trust Inc. | 65,988 | 3,341 | ||||
CoreSite Realty Corp. | 27,425 | 3,325 | ||||
STORE Capital Corp. | 88,931 | 3,059 | ||||
American Campus Communities Inc. | 53,788 | 2,537 | ||||
Rayonier Inc. | 55,241 | 2,110 | ||||
National Storage Affiliates Trust | 39,191 | 1,807 | ||||
Healthcare Realty Trust Inc. | 56,021 | 1,700 | ||||
PotlatchDeltic Corp. | 25,463 | 1,533 | ||||
PS Business Parks Inc. | 9,240 | 1,432 | ||||
56,689 | ||||||
Utilities (0.6%) | ||||||
Essential Utilities Inc. | 111,871 | 5,348 | ||||
PNM Resources Inc. | 33,537 | 1,647 | ||||
6,995 | ||||||
Total Common Stocks (Cost $844,290) | 1,087,903 | |||||
Coupon | ||||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $350) | 0.055% | 3,507 | 350 | ||
Total Investments (100.0%) (Cost $844,640) | 1,088,253 | |||||
Other Assets and Liabilities—Net (0.0%) | 235 | |||||
Net Assets (100%) | 1,088,488 | |||||
Cost is in $000. |
* | Non-income-producing security. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
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 2021 | 3 | 818 | 7 |
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 securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At May 31, 2021, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.