Vanguard® S&P Mid-Cap 400 Growth Index Fund
Schedule of Investments (unaudited)
As of November 30, 2023
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | |||||
Common Stocks (100.0%) | ||||||
Communication Services (1.6%) | ||||||
Iridium Communications Inc. | 94,630 | 3,605 | ||||
Nexstar Media Group Inc. Class A | 25,221 | 3,580 | ||||
TKO Group Holdings Inc. Class A | 45,247 | 3,499 | ||||
New York Times Co. Class A | 61,885 | 2,908 | ||||
* | ZoomInfo Technologies Inc. Class A | 120,063 | 1,725 | |||
15,317 | ||||||
Consumer Discretionary (14.2%) | ||||||
* | Deckers Outdoor Corp. | 19,776 | 13,131 | |||
* | Floor & Decor Holdings Inc. Class A | 80,548 | 7,387 | |||
Service Corp. International | 114,157 | 6,994 | ||||
Churchill Downs Inc. | 51,556 | 5,969 | ||||
Texas Roadhouse Inc. Class A | 50,510 | 5,686 | ||||
* | Five Below Inc. | 29,064 | 5,477 | |||
Murphy USA Inc. | 14,773 | 5,459 | ||||
Wingstop Inc. | 22,685 | 5,453 | ||||
Tempur Sealy International Inc. | 130,275 | 5,253 | ||||
H&R Block Inc. | 115,237 | 5,234 | ||||
* | Crocs Inc. | 46,648 | 4,927 | |||
Williams-Sonoma Inc. | 23,327 | 4,375 | ||||
* | Burlington Stores Inc. | 22,586 | 3,830 | |||
* | TopBuild Corp. | 12,737 | 3,767 | |||
Vail Resorts Inc. | 15,171 | 3,297 | ||||
Hyatt Hotels Corp. Class A | 27,450 | 3,150 | ||||
Dick's Sporting Goods Inc. | 23,709 | 3,085 | ||||
* | Grand Canyon Education Inc. | 22,567 | 3,085 | |||
* | Planet Fitness Inc. Class A | 43,513 | 2,956 | |||
* | Light & Wonder Inc. | 31,718 | 2,805 | |||
Wyndham Hotels & Resorts Inc. | 33,155 | 2,564 | ||||
* | Visteon Corp. | 21,339 | 2,532 | |||
Gentex Corp. | 81,257 | 2,471 | ||||
Brunswick Corp. | 31,179 | 2,459 | ||||
Wendy's Co. | 128,281 | 2,405 | ||||
Aramark | 80,993 | 2,269 | ||||
* | Fox Factory Holding Corp. | 32,061 | 2,004 | |||
Autoliv Inc. | 18,400 | 1,907 | ||||
Boyd Gaming Corp. | 31,703 | 1,872 | ||||
Harley-Davidson Inc. | 61,468 | 1,844 | ||||
Polaris Inc. | 20,968 | 1,729 | ||||
* | Ollie's Bargain Outlet Holdings Inc. | 22,915 | 1,679 | |||
Valvoline Inc. | 48,268 | 1,653 | ||||
* | YETI Holdings Inc. | 36,100 | 1,539 |
Shares | Market Value ($000) | |||||
* | AutoNation Inc. | 9,352 | 1,265 | |||
Choice Hotels International Inc. | 11,246 | 1,240 | ||||
* | Hilton Grand Vacations Inc. | 28,031 | 960 | |||
133,712 | ||||||
Consumer Staples (4.1%) | ||||||
Casey's General Stores Inc. | 28,294 | 7,792 | ||||
* | Celsius Holdings Inc. | 111,716 | 5,531 | |||
* | Darling Ingredients Inc. | 120,691 | 5,295 | |||
* | BJ's Wholesale Club Holdings Inc. | 57,958 | 3,743 | |||
* | Performance Food Group Co. | 53,171 | 3,459 | |||
Lancaster Colony Corp. | 15,412 | 2,557 | ||||
* | BellRing Brands Inc. | 40,781 | 2,157 | |||
* | US Foods Holding Corp. | 48,129 | 2,109 | |||
Flowers Foods Inc. | 91,677 | 1,908 | ||||
* | Sprouts Farmers Market Inc. | 41,683 | 1,796 | |||
* | Boston Beer Co. Inc. Class A | 4,936 | 1,751 | |||
38,098 | ||||||
Energy (8.5%) | ||||||
Ovintiv Inc. | 147,860 | 6,556 | ||||
Range Resources Corp. | 182,637 | 5,936 | ||||
NOV Inc. | 297,980 | 5,608 | ||||
* | Southwestern Energy Co. | 833,499 | 5,493 | |||
* | Antero Resources Corp. | 213,670 | 5,049 | |||
* | Weatherford International plc | 54,541 | 4,946 | |||
Matador Resources Co. | 83,851 | 4,853 | ||||
Murphy Oil Corp. | 112,258 | 4,801 | ||||
Civitas Resources Inc. | 64,565 | 4,435 | ||||
ChampionX Corp. | 148,758 | 4,361 | ||||
DT Midstream Inc. | 73,328 | 4,201 | ||||
Chord Energy Corp. | 23,885 | 3,873 | ||||
PBF Energy Inc. Class A | 83,239 | 3,696 | ||||
Antero Midstream Corp. | 257,719 | 3,433 | ||||
* | Valaris Ltd. | 48,150 | 3,303 | |||
HF Sinclair Corp. | 53,308 | 2,798 | ||||
* | CNX Resources Corp. | 122,184 | 2,549 | |||
Permian Resources Corp. Class A | 186,292 | 2,448 | ||||
Equitrans Midstream Corp. | 150,816 | 1,415 | ||||
79,754 | ||||||
Financials (11.4%) | ||||||
Annaly Capital Management Inc. | 373,751 | 6,754 | ||||
Kinsale Capital Group Inc. | 16,651 | 5,829 | ||||
* | WEX Inc. | 32,504 | 5,739 | |||
Erie Indemnity Co. Class A | 18,874 | 5,580 | ||||
Morningstar Inc. | 19,689 | 5,579 | ||||
Jefferies Financial Group Inc. | 133,738 | 4,740 | ||||
Selective Insurance Group Inc. | 45,832 | 4,661 | ||||
Fidelity National Financial Inc. | 103,701 | 4,650 | ||||
RenaissanceRe Holdings Ltd. | 21,689 | 4,649 | ||||
SEI Investments Co. | 76,120 | 4,466 | ||||
RLI Corp. | 30,363 | 4,117 | ||||
Primerica Inc. | 18,675 | 3,913 | ||||
First Horizon Corp. | 279,040 | 3,569 | ||||
Interactive Brokers Group Inc. Class A | 45,331 | 3,529 | ||||
East West Bancorp Inc. | 54,604 | 3,436 | ||||
Cullen/Frost Bankers Inc. | 32,511 | 3,195 | ||||
FirstCash Holdings Inc. | 27,990 | 3,135 | ||||
Commerce Bancshares Inc. | 58,394 | 2,953 |
Shares | Market Value ($000) | |||||
American Financial Group Inc. | 22,541 | 2,578 | ||||
SLM Corp. | 171,084 | 2,571 | ||||
SouthState Corp. | 32,786 | 2,428 | ||||
Affiliated Managers Group Inc. | 17,504 | 2,373 | ||||
Hanover Insurance Group Inc. | 15,963 | 1,984 | ||||
Evercore Inc. Class A | 13,189 | 1,946 | ||||
Columbia Banking System Inc. | 82,075 | 1,841 | ||||
United Bankshares Inc. | 49,016 | 1,623 | ||||
* | Euronet Worldwide Inc. | 17,493 | 1,526 | |||
Glacier Bancorp Inc. | 45,310 | 1,524 | ||||
Federated Hermes Inc. Class B | 46,099 | 1,467 | ||||
First Financial Bankshares Inc. | 51,529 | 1,353 | ||||
Hancock Whitney Corp. | 31,939 | 1,317 | ||||
Ally Financial Inc. | 41,084 | 1,200 | ||||
International Bancshares Corp. | 24,609 | 1,104 | ||||
107,329 | ||||||
Health Care (9.8%) | ||||||
* | Neurocrine Biosciences Inc. | 73,897 | 8,616 | |||
* | United Therapeutics Corp. | 35,516 | 8,524 | |||
* | Repligen Corp. | 39,239 | 6,170 | |||
* | Jazz Pharmaceuticals plc | 47,777 | 5,649 | |||
* | Exelixis Inc. | 240,935 | 5,255 | |||
* | Shockwave Medical Inc. | 27,810 | 4,854 | |||
* | Medpace Holdings Inc. | 17,577 | 4,758 | |||
Chemed Corp. | 7,758 | 4,399 | ||||
* | HealthEquity Inc. | 64,678 | 4,335 | |||
* | Penumbra Inc. | 18,324 | 4,070 | |||
* | Option Care Health Inc. | 136,118 | 4,049 | |||
* | Globus Medical Inc. Class A | 88,815 | 3,990 | |||
* | Halozyme Therapeutics Inc. | 99,830 | 3,854 | |||
* | Lantheus Holdings Inc. | 51,784 | 3,709 | |||
* | Haemonetics Corp. | 38,375 | 3,103 | |||
* | Acadia Healthcare Co. Inc. | 40,455 | 2,953 | |||
Bruker Corp. | 43,929 | 2,859 | ||||
* | Inari Medical Inc. | 38,626 | 2,306 | |||
Encompass Health Corp. | 34,890 | 2,274 | ||||
* | Masimo Corp. | 21,152 | 1,983 | |||
* | QuidelOrtho Corp. | 20,571 | 1,414 | |||
* | Doximity Inc. Class A | 56,038 | 1,303 | |||
* | Arrowhead Pharmaceuticals Inc. | 38,890 | 824 | |||
* | Progyny Inc. | 23,241 | 798 | |||
92,049 | ||||||
Industrials (23.4%) | ||||||
* | Builders FirstSource Inc. | 94,619 | 12,689 | |||
Carlisle Cos. Inc. | 37,775 | 10,592 | ||||
Watsco Inc. | 25,379 | 9,701 | ||||
Lincoln Electric Holdings Inc. | 43,446 | 8,605 | ||||
EMCOR Group Inc. | 35,668 | 7,580 | ||||
Graco Inc. | 83,123 | 6,715 | ||||
nVent Electric plc | 125,446 | 6,680 | ||||
Toro Co. | 78,628 | 6,526 | ||||
Curtiss-Wright Corp. | 28,986 | 6,200 | ||||
* | Clean Harbors Inc. | 38,109 | 6,161 | |||
Lennox International Inc. | 14,996 | 6,098 | ||||
* | FTI Consulting Inc. | 25,751 | 5,677 | |||
* | RBC Bearings Inc. | 21,987 | 5,667 | |||
BWX Technologies Inc. | 69,215 | 5,401 |
Shares | Market Value ($000) | |||||
Simpson Manufacturing Co. Inc. | 32,292 | 5,392 | ||||
KBR Inc. | 102,094 | 5,275 | ||||
UFP Industries Inc. | 46,815 | 5,132 | ||||
* | Paylocity Holding Corp. | 32,584 | 5,105 | |||
AECOM | 56,688 | 5,037 | ||||
Owens Corning | 36,709 | 4,977 | ||||
Advanced Drainage Systems Inc. | 40,350 | 4,887 | ||||
Landstar System Inc. | 27,201 | 4,696 | ||||
* | Saia Inc. | 11,445 | 4,468 | |||
Tetra Tech Inc. | 22,967 | 3,632 | ||||
Donaldson Co. Inc. | 58,717 | 3,572 | ||||
* | ExlService Holdings Inc. | 125,406 | 3,558 | |||
* | CACI International Inc. Class A | 11,042 | 3,544 | |||
Valmont Industries Inc. | 15,901 | 3,491 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 61,028 | 3,282 | ||||
Science Applications International Corp. | 27,217 | 3,196 | ||||
Insperity Inc. | 27,420 | 3,119 | ||||
ITT Inc. | 28,579 | 3,094 | ||||
Concentrix Corp. | 32,695 | 3,073 | ||||
* | Trex Co. Inc. | 43,541 | 3,060 | |||
AGCO Corp. | 24,456 | 2,777 | ||||
* | Avis Budget Group Inc. | 14,951 | 2,734 | |||
MSA Safety Inc. | 15,376 | 2,678 | ||||
* | Middleby Corp. | 19,470 | 2,458 | |||
Genpact Ltd. | 71,952 | 2,444 | ||||
WESCO International Inc. | 15,051 | 2,346 | ||||
Acuity Brands Inc. | 11,802 | 2,116 | ||||
Watts Water Technologies Inc. Class A | 10,775 | 2,074 | ||||
Exponent Inc. | 26,551 | 2,043 | ||||
Crane Co. | 18,474 | 1,952 | ||||
* | Chart Industries Inc. | 14,293 | 1,859 | |||
Timken Co. | 24,235 | 1,755 | ||||
MSC Industrial Direct Co. Inc. Class A | 17,933 | 1,747 | ||||
GATX Corp. | 13,930 | 1,518 | ||||
Sensata Technologies Holding plc | 44,983 | 1,462 | ||||
Brink's Co. | 16,507 | 1,302 | ||||
* | Vestis Corp. | 40,485 | 741 | |||
219,888 | ||||||
Information Technology (10.2%) | ||||||
* | GoDaddy Inc. Class A | 111,096 | 11,116 | |||
* | Dynatrace Inc. | 179,771 | 9,627 | |||
* | Super Micro Computer Inc. | 27,644 | 7,560 | |||
* | Lattice Semiconductor Corp. | 104,306 | 6,107 | |||
* | Manhattan Associates Inc. | 27,066 | 6,037 | |||
* | Dropbox Inc. Class A | 195,139 | 5,499 | |||
* | Onto Innovation Inc. | 37,130 | 5,236 | |||
* | Qualys Inc. | 27,781 | 5,135 | |||
* | Novanta Inc. | 27,097 | 3,914 | |||
Universal Display Corp. | 20,766 | 3,513 | ||||
* | MACOM Technology Solutions Holdings Inc. | 40,827 | 3,429 | |||
Power Integrations Inc. | 43,433 | 3,319 | ||||
* | Cirrus Logic Inc. | 41,402 | 3,143 | |||
Littelfuse Inc. | 11,679 | 2,719 | ||||
Cognex Corp. | 67,798 | 2,556 | ||||
Amkor Technology Inc. | 78,102 | 2,200 | ||||
Belden Inc. | 32,008 | 2,127 | ||||
Dolby Laboratories Inc. Class A | 22,083 | 1,902 | ||||
* | Calix Inc. | 44,667 | 1,724 |
Shares | Market Value ($000) | |||||
* | Teradata Corp. | 34,774 | 1,643 | |||
* | CommVault Systems Inc. | 22,245 | 1,637 | |||
* | Wolfspeed Inc. | 42,388 | 1,562 | |||
* | Silicon Laboratories Inc. | 12,777 | 1,346 | |||
* | Blackbaud Inc. | 14,998 | 1,128 | |||
Crane NXT Co. | 18,267 | 940 | ||||
* | Allegro MicroSystems Inc. | 20,978 | 571 | |||
95,690 | ||||||
Materials (8.1%) | ||||||
Reliance Steel & Aluminum Co. | 44,311 | 12,197 | ||||
RPM International Inc. | 97,657 | 10,052 | ||||
Royal Gold Inc. | 49,709 | 6,055 | ||||
Eagle Materials Inc. | 26,812 | 4,854 | ||||
Olin Corp. | 95,216 | 4,489 | ||||
Graphic Packaging Holding Co. | 165,056 | 3,742 | ||||
Cabot Corp. | 42,329 | 3,213 | ||||
Westlake Corp. | 24,156 | 3,101 | ||||
Crown Holdings Inc. | 35,606 | 3,062 | ||||
Louisiana-Pacific Corp. | 48,563 | 2,962 | ||||
AptarGroup Inc. | 23,344 | 2,962 | ||||
Silgan Holdings Inc. | 63,231 | 2,638 | ||||
Berry Global Group Inc. | 39,322 | 2,600 | ||||
* | Axalta Coating Systems Ltd. | 75,496 | 2,376 | |||
Commercial Metals Co. | 49,490 | 2,243 | ||||
Sonoco Products Co. | 37,804 | 2,085 | ||||
Ashland Inc. | 25,980 | 2,076 | ||||
Chemours Co. | 63,872 | 1,752 | ||||
* | MP Materials Corp. | 108,891 | 1,728 | |||
NewMarket Corp. | 2,821 | 1,497 | ||||
75,684 | ||||||
Real Estate (5.2%) | ||||||
Gaming & Leisure Properties Inc. | 131,171 | 6,130 | ||||
WP Carey Inc. | 97,659 | 6,078 | ||||
Rexford Industrial Realty Inc. | 89,046 | 4,383 | ||||
Lamar Advertising Co. Class A | 37,096 | 3,757 | ||||
CubeSmart | 91,864 | 3,652 | ||||
EastGroup Properties Inc. | 18,895 | 3,283 | ||||
Agree Realty Corp. | 50,265 | 2,976 | ||||
NNN REIT Inc. | 73,158 | 2,972 | ||||
Omega Healthcare Investors Inc. | 90,797 | 2,883 | ||||
First Industrial Realty Trust Inc. | 51,041 | 2,401 | ||||
Brixmor Property Group Inc. | 111,459 | 2,399 | ||||
STAG Industrial Inc. | 61,181 | 2,193 | ||||
Rayonier Inc. | 56,773 | 1,742 | ||||
PotlatchDeltic Corp. | 34,469 | 1,580 | ||||
COPT Defense Properties | 44,286 | 1,072 | ||||
National Storage Affiliates Trust | 29,518 | 980 | ||||
48,481 | ||||||
Utilities (3.5%) | ||||||
Essential Utilities Inc. | 184,148 | 6,558 | ||||
Vistra Corp. | 169,949 | 6,018 | ||||
OGE Energy Corp. | 151,563 | 5,312 | ||||
National Fuel Gas Co. | 48,639 | 2,470 | ||||
ONE Gas Inc. | 41,962 | 2,418 | ||||
New Jersey Resources Corp. | 47,992 | 2,025 | ||||
IDACORP Inc. | 20,300 | 1,959 | ||||
PNM Resources Inc. | 40,271 | 1,674 |
Shares | Market Value ($000) | |||||
Ormat Technologies Inc. | 23,945 | 1,612 | ||||
Black Hills Corp. | 26,409 | 1,363 | ||||
Spire Inc. | 19,492 | 1,189 | ||||
32,598 | ||||||
Total Common Stocks (Cost $825,622) | 938,600 | |||||
Coupon | ||||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $1) | 5.438% | 13 | 1 | ||
Total Investments (100.0%) (Cost $825,623) | 938,601 | |||||
Other Assets and Liabilities—Net (0.0%) | (104) | |||||
Net Assets (100%) | 938,497 |
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. |
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 Mid-Cap 400 Index | December 2023 | 1 | 257 | 5 |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At November 30, 2023, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.