Vanguard U.S. Value Factor ETF
Schedule of Investments (unaudited)
As of February 28, 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.
Market | ||
Value | ||
Shares | ($000) | |
Common Stocks (99.7%) | ||
Basic Materials (4.8%) | ||
Newmont Corp. | 18,268 | 993 |
Dow Inc. | 15,303 | 908 |
Reliance Steel & Aluminum Co. | 4,918 | 650 |
Nucor Corp. | 9,236 | 552 |
International Paper Co. | 10,351 | 514 |
Steel Dynamics Inc. | 9,212 | 383 |
Mosaic Co. | 10,663 | 313 |
LyondellBasell Industries NV Class A | 2,915 | 300 |
* Freeport-McMoRan Inc. | 8,497 | 288 |
Commercial Metals Co. | 11,160 | 281 |
Eastman Chemical Co. | 2,531 | 277 |
GrafTech International Ltd. | 22,327 | 264 |
Tronox Holdings plc Class A | 14,118 | 259 |
Domtar Corp. | 6,751 | 250 |
* Univar Solutions Inc. | 11,767 | 234 |
* AdvanSix Inc. | 8,030 | 223 |
Huntsman Corp. | 8,088 | 221 |
Timken Co. | 2,717 | 213 |
Trinseo SA | 3,171 | 205 |
Schnitzer Steel Industries Inc. | 5,901 | 204 |
Verso Corp. | 15,428 | 193 |
Westlake Chemical Corp. | 2,242 | 192 |
Valvoline Inc. | 7,193 | 180 |
PQ Group Holdings Inc. | 10,448 | 160 |
Tredegar Corp. | 10,185 | 155 |
Element Solutions Inc. | 8,395 | 152 |
* Kraton Corp. | 4,027 | 150 |
* Clearwater Paper Corp. | 4,259 | 149 |
* Koppers Holdings Inc. | 4,400 | 147 |
Minerals Technologies Inc. | 2,001 | 143 |
Schweitzer-Mauduit International Inc. | 2,872 | 134 |
UFP Industries Inc. | 2,150 | 131 |
Orion Engineered Carbons SA | 6,390 | 113 |
Glatfelter Corp. | 7,043 | 113 |
Chemours Co. | 4,401 | 104 |
Worthington Industries Inc. | 1,424 | 91 |
Cabot Corp. | 1,622 | 80 |
FutureFuel Corp. | 5,154 | 76 |
Celanese Corp. Class A | 544 | 76 |
Kaiser Aluminum Corp. | 598 | 68 |
* Ingevity Corp. | 975 | 68 |
Boise Cascade Co. | 1,165 | 58 |
Haynes International Inc. | 2,041 | 57 |
Gold Resource Corp. | 21,146 | 57 |
* Rayonier Advanced Materials Inc. | 5,883 | 54 |
Ashland Global Holdings Inc. | 567 | 48 |
Albemarle Corp. | 301 | 47 |
CF Industries Holdings Inc. | 961 | 43 |
Carpenter Technology Corp. | 1,025 | 42 |
Avient Corp. | 893 | 39 |
Olin Corp. | 1,211 | 37 |
* Fortitude Gold Corp. | 2,658 | 10 |
10,699 | ||
Consumer Discretionary (14.9%) | ||
General Motors Co. | 24,345 | 1,250 |
ViacomCBS Inc. Class B | 12,325 | 795 |
* Ford Motor Co. | 66,523 | 778 |
* Discovery Inc. Class C | 11,880 | 535 |
Fox Corp. Class B | 15,861 | 506 |
Lennar Corp. Class A | 6,065 | 503 |
* Discovery Inc. Class A | 9,137 | 485 |
* Capri Holdings Ltd. | 10,367 | 484 |
* AutoNation Inc. | 6,285 | 471 |
eBay Inc. | 7,962 | 449 |
Amerco | 729 | 419 |
TEGNA Inc. | 22,529 | 411 |
Qurate Retail Group Inc. QVC Group Class A | 32,799 | 407 |
Whirlpool Corp. | 2,143 | 407 |
PulteGroup Inc. | 8,727 | 394 |
Toll Brothers Inc. | 7,279 | 389 |
* Sleep Number Corp. | 2,825 | 387 |
* AMC Networks Inc. Class A | 5,753 | 377 |
* Mohawk Industries Inc. | 2,024 | 354 |
Target Corp. | 1,919 | 352 |
* Mesa Air Group Inc. | 28,790 | 351 |
Penske Automotive Group Inc. | 5,166 | 351 |
Nexstar Media Group Inc. Class A | 2,536 | 349 |
* AutoZone Inc. | 300 | 348 |
* Adtalem Global Education Inc. | 8,413 | 331 |
Entercom Communications Corp. Class A | 69,949 | 313 |
* L Brands Inc. | 5,683 | 311 |
Newell Brands Inc. | 13,313 | 308 |
Travel & Leisure Co. | 4,895 | 296 |
* Genesco Inc. | 6,552 | 294 |
Big Lots Inc. | 4,630 | 294 |
KB Home | 7,209 | 291 |
Dick's Sporting Goods Inc. | 4,069 | 290 |
Strategic Education Inc. | 3,108 | 283 |
* Dana Inc. | 11,573 | 276 |
Foot Locker Inc. | 5,705 | 274 |
Fox Corp. Class A | 8,225 | 274 |
Nielsen Holdings plc | 12,115 | 271 |
* Tenneco Inc. Class A | 24,302 | 271 |
* Hibbett Sports Inc. | 4,203 | 270 |
Rent-A-Center Inc. | 4,548 | 263 |
Kohl's Corp. | 4,737 | 262 |
Group 1 Automotive Inc. | 1,713 | 261 |
Tapestry Inc. | 6,134 | 258 |
* Meritage Homes Corp. | 3,055 | 258 |
* Goodyear Tire & Rubber Co. | 14,924 | 251 |
* MarineMax Inc. | 5,466 | 244 |
* LKQ Corp. | 6,192 | 244 |
* MSG Networks Inc. | 14,037 | 238 |
Lithia Motors Inc. Class A | 630 | 236 |
* Signet Jewelers Ltd. | 4,639 | 231 |
Lennar Corp. Class B | 3,467 | 229 |
BorgWarner Inc. | 5,064 | 228 |
Thor Industries Inc. | 1,944 | 228 |
ODP Corp. | 5,944 | 227 |
PVH Corp. | 2,270 | 227 |
* Fossil Group Inc. | 14,896 | 226 |
* G-III Apparel Group Ltd. | 7,762 | 223 |
* Michaels Cos. Inc. | 14,767 | 222 |
Harley-Davidson Inc. | 6,022 | 215 |
Graham Holdings Co. Class B | 355 | 213 |
* Tri Pointe Homes Inc. | 11,168 | 212 |
* Asbury Automotive Group Inc. | 1,249 | 212 |
Dollar General Corp. | 1,110 | 210 |
Matthews International Corp. Class A | 5,731 | 205 |
* Perdoceo Education Corp. | 15,873 | 204 |
DR Horton Inc. | 2,657 | 204 |
Movado Group Inc. | 8,809 | 201 |
PROG Holdings Inc. | 3,977 | 199 |
Ethan Allen Interiors Inc. | 7,745 | 198 |
Interface Inc. Class A | 15,921 | 198 |
Hanesbrands Inc. | 10,968 | 194 |
Standard Motor Products Inc. | 4,497 | 189 |
* Beazer Homes USA Inc. | 10,635 | 188 |
* Lakeland Industries Inc. | 5,949 | 187 |
* Vera Bradley Inc. | 19,298 | 183 |
Ralph Lauren Corp. Class A | 1,556 | 182 |
Lear Corp. | 1,077 | 179 |
* Gray Television Inc. | 9,835 | 179 |
Haverty Furniture Cos. Inc. | 4,864 | 176 |
Dine Brands Global Inc. | 2,217 | 175 |
* Conn's Inc. | 12,235 | 174 |
Brinker International Inc. | 2,522 | 173 |
* At Home Group Inc. | 6,765 | 170 |
SkyWest Inc. | 3,014 | 170 |
* Century Communities Inc. | 2,996 | 166 |
Bed Bath & Beyond Inc. | 6,103 | 164 |
Shoe Carnival Inc. | 3,342 | 164 |
* Lions Gate Entertainment Corp. Class B | 12,795 | 160 |
Caleres Inc. | 9,958 | 158 |
* Laureate Education Inc. Class A | 11,372 | 156 |
HNI Corp. | 4,381 | 156 |
* Tupperware Brands Corp. | 4,939 | 151 |
Murphy USA Inc. | 1,195 | 149 |
* M/I Homes Inc. | 2,976 | 149 |
* Container Store Group Inc. | 9,462 | 145 |
* Zumiez Inc. | 3,137 | 141 |
Walmart Inc. | 1,042 | 135 |
Best Buy Co. Inc. | 1,344 | 135 |
Scholastic Corp. | 4,622 | 133 |
KAR Auction Services Inc. | 9,562 | 133 |
* Sally Beauty Holdings Inc. | 8,079 | 130 |
Macy's Inc. | 8,431 | 128 |
Rush Enterprises Inc. Class A | 2,980 | 126 |
* Taylor Morrison Home Corp. Class A | 4,559 | 125 |
* American Axle & Manufacturing Holdings Inc. | 12,765 | 125 |
* WW International Inc. | 4,189 | 124 |
Herman Miller Inc. | 3,194 | 123 |
* Meredith Corp. | 4,896 | 121 |
International Game Technology plc | 6,488 | 119 |
Buckle Inc. | 3,017 | 116 |
* Universal Electronics Inc. | 1,959 | 114 |
Omnicom Group Inc. | 1,655 | 114 |
Leggett & Platt Inc. | 2,611 | 113 |
* Tilly's Inc. Class A | 10,703 | 110 |
* Urban Outfitters Inc. | 3,229 | 109 |
Abercrombie & Fitch Co. | 3,967 | 109 |
La-Z-Boy Inc. | 2,421 | 103 |
* Autoliv Inc. | 1,136 | 102 |
* Carrols Restaurant Group Inc. | 15,980 | 99 |
* iHeartMedia Inc. Class A | 6,989 | 98 |
Knoll Inc. | 6,018 | 98 |
Winnebago Industries Inc. | 1,352 | 94 |
Sonic Automotive Inc. Class A | 2,018 | 93 |
* Cars.com Inc. | 7,735 | 90 |
* NVR Inc. | 20 | 90 |
Designer Brands Inc. Class A | 7,194 | 90 |
Jack in the Box Inc. | 837 | 86 |
* Lions Gate Entertainment Corp. Class A | 5,848 | 85 |
Polaris Inc. | 688 | 81 |
MDC Holdings Inc. | 1,365 | 77 |
Interpublic Group of Cos. Inc. | 2,944 | 77 |
* Central Garden & Pet Co. Class A | 1,852 | 77 |
Steelcase Inc. Class A | 5,094 | 71 |
Extended Stay America Inc. | 4,296 | 69 |
Carriage Services Inc. Class A | 1,943 | 64 |
Sinclair Broadcast Group Inc. Class A | 2,065 | 64 |
Guess? Inc. | 2,483 | 63 |
Citi Trends Inc. | 793 | 62 |
* Liberty Media Corp -Liberty SiriusXM Class C | 1,398 | 62 |
* Funko Inc. Class A | 4,513 | 61 |
EW Scripps Co. Class A | 3,245 | 61 |
Franchise Group Inc. | 1,721 | 60 |
* Motorcar Parts of America Inc. | 2,769 | 59 |
Advance Auto Parts Inc. | 363 | 58 |
* Adient plc | 1,549 | 57 |
* Avis Budget Group Inc. | 968 | 54 |
* Turtle Beach Corp. | 1,751 | 52 |
* Grand Canyon Education Inc. | 493 | 52 |
National CineMedia Inc. | 10,716 | 51 |
* Gap Inc. | 1,937 | 48 |
Kimball International Inc. Class B | 3,698 | 48 |
* American Public Education Inc. | 1,614 | 48 |
* Nautilus Inc. | 2,490 | 46 |
Wolverine World Wide Inc. | 1,296 | 45 |
Del Taco Restaurants Inc. | 4,364 | 44 |
* Aaron's Co. Inc. | 1,987 | 44 |
H&R Block Inc. | 2,261 | 43 |
Carter's Inc. | 494 | 41 |
* Stride Inc. | 1,642 | 39 |
32,952 |
Consumer Staples (6.0%) | ||
CVS Health Corp. | 19,630 | 1,337 |
Walgreens Boots Alliance Inc. | 25,813 | 1,237 |
General Mills Inc. | 18,307 | 1,007 |
Philip Morris International Inc. | 9,921 | 834 |
Kraft Heinz Co. | 18,621 | 677 |
Kroger Co. | 15,204 | 490 |
AmerisourceBergen Corp. Class A | 4,329 | 438 |
Archer-Daniels-Midland Co. | 6,834 | 387 |
Tyson Foods Inc. Class A | 5,533 | 374 |
Flowers Foods Inc. | 16,617 | 361 |
Molson Coors Beverage Co. Class B | 7,644 | 340 |
Ingredion Inc. | 3,676 | 332 |
* Darling Ingredients Inc. | 4,662 | 294 |
J M Smucker Co. | 2,615 | 293 |
Ingles Markets Inc. Class A | 5,311 | 276 |
* Herbalife Nutrition Ltd. | 6,054 | 272 |
* United Natural Foods Inc. | 10,107 | 267 |
Weis Markets Inc. | 4,885 | 261 |
Conagra Brands Inc. | 7,259 | 246 |
Altria Group Inc. | 5,541 | 242 |
* US Foods Holding Corp . | 6,431 | 235 |
Keurig Dr Pepper Inc. | 7,662 | 234 |
Fresh Del Monte Produce Inc. | 8,831 | 227 |
* Pilgrim's Pride Corp. | 9,885 | 221 |
ACCO Brands Corp. | 25,496 | 207 |
Andersons Inc. | 7,343 | 192 |
McKesson Corp. | 974 | 165 |
* Rite Aid Corp. | 8,308 | 163 |
SpartanNash Co. | 8,923 | 163 |
Universal Corp. | 3,069 | 156 |
Constellation Brands Inc. Class A | 682 | 146 |
Mondelez International Inc. Class A | 2,621 | 139 |
Edgewell Personal Care Co. | 4,444 | 136 |
* TreeHouse Foods Inc. | 2,536 | 127 |
* Helen of Troy Ltd. | 573 | 124 |
Bunge Ltd. | 1,611 | 123 |
* Sprouts Farmers Market Inc. | 5,476 | 116 |
Vector Group Ltd. | 7,480 | 102 |
Corteva Inc. | 1,477 | 67 |
B&G Foods Inc. | 1,717 | 52 |
Campbell Soup Co. | 1,125 | 51 |
Core-Mark Holding Co. Inc. | 1,413 | 46 |
Seaboard Corp. | 13 | 43 |
* BellRing Brands Inc. Class A | 1,835 | 42 |
13,242 | ||
Energy (7.0%) | ||
Kinder Morgan Inc. | 95,588 | 1,405 |
Phillips 66 | 10,171 | 845 |
EOG Resources Inc. | 12,378 | 799 |
Chevron Corp. | 5,502 | 550 |
Schlumberger Ltd. | 19,066 | 532 |
SM Energy Co. | 36,966 | 512 |
Exxon Mobil Corp. | 9,106 | 495 |
Cimarex Energy Co. | 7,446 | 432 |
Ovintiv Inc. | 17,985 | 415 |
* Whiting Petroleum Corp. | 9,857 | 338 |
* PDC Energy Inc. | 9,532 | 333 |
Apache Corp. | 16,539 | 326 |
Diamondback Energy Inc. | 4,458 | 309 |
Arch Resources Inc. | 6,318 | 303 |
ONEOK Inc. | 6,619 | 293 |
* Matador Resources Co. | 13,698 | 286 |
Valero Energy Corp. | 3,503 | 270 |
* Bonanza Creek Energy Inc. | 8,268 | 264 |
Archrock Inc. | 24,985 | 258 |
SunCoke Energy Inc. | 39,180 | 250 |
ConocoPhillips | 4,788 | 249 |
* CNX Resources Corp. | 18,842 | 238 |
* EQT Corp. | 13,339 | 237 |
* Comstock Resources Inc. | 39,194 | 224 |
* Range Resources Corp. | 23,018 | 222 |
* Newpark Resources Inc. | 63,283 | 219 |
World Fuel Services Corp. | 6,815 | 212 |
Antero Midstream Corp. | 23,532 | 208 |
* Renewable Energy Group Inc. | 2,662 | 207 |
* Peabody Energy Corp. | 47,174 | 203 |
Equitrans Midstream Corp. | 27,573 | 199 |
Cabot Oil & Gas Corp. | 9,664 | 179 |
* Magnolia Oil & Gas Corp. Class A | 14,587 | 176 |
Nabors Industries Ltd. | 1,500 | 166 |
* Antero Resources Corp. | 17,856 | 161 |
* CONSOL Energy Inc. | 14,838 | 160 |
Warrior Met Coal Inc. | 8,344 | 160 |
Devon Energy Corp. | 7,339 | 158 |
* REX American Resources Corp. | 1,610 | 151 |
Arcosa Inc. | 2,661 | 151 |
Williams Cos. Inc. | 6,451 | 147 |
* Southwestern Energy Co. | 36,329 | 147 |
Pioneer Natural Resources Co. | 979 | 145 |
* First Solar Inc. | 1,763 | 143 |
* Continental Resources Inc. | 5,613 | 136 |
* Green Plains Inc. | 5,297 | 134 |
Marathon Oil Corp. | 11,505 | 128 |
* ProPetro Holding Corp. | 10,422 | 119 |
Brigham Minerals Inc. Class A | 8,256 | 118 |
CVR Energy Inc. | 5,284 | 117 |
Targa Resources Corp. | 3,448 | 107 |
HollyFrontier Corp. | 2,767 | 105 |
Berry Corp. | 20,861 | 103 |
* Talos Energy Inc. | 8,745 | 93 |
* Helix Energy Solutions Group Inc. | 16,996 | 83 |
Patterson-UTI Energy Inc. | 10,571 | 78 |
* MRC Global Inc. | 8,940 | 78 |
Solaris Oilfield Infrastructure Inc. Class A | 6,580 | 78 |
* Oil States International Inc. | 9,518 | 70 |
* Bristow Group Inc. | 2,611 | 69 |
NOV Inc. | 3,430 | 52 |
Liberty Oilfield Services Inc. Class A | 4,358 | 51 |
Murphy Oil Corp. | 2,994 | 49 |
Helmerich & Payne Inc. | 1,620 | 47 |
* Golar LNG Ltd. | 2,637 | 30 |
15,522 |
Financials (25.6%) | ||
Citigroup Inc. | 20,156 | 1,328 |
Wells Fargo & Co. | 36,032 | 1,303 |
MetLife Inc. | 22,501 | 1,296 |
Bank of America Corp. | 36,741 | 1,275 |
American International Group Inc. | 28,560 | 1,255 |
Allstate Corp. | 11,383 | 1,213 |
Truist Financial Corp. | 20,301 | 1,156 |
Goldman Sachs Group Inc. | 3,559 | 1,137 |
Morgan Stanley | 14,536 | 1,117 |
Prudential Financial Inc. | 12,495 | 1,084 |
Bank of New York Mellon Corp. | 25,439 | 1,073 |
US Bancorp | 21,043 | 1,052 |
Aflac Inc. | 18,922 | 906 |
JPMorgan Chase & Co. | 6,129 | 902 |
Travelers Cos. Inc. | 5,918 | 861 |
Chubb Ltd. | 4,528 | 736 |
PNC Financial Services Group Inc. | 4,178 | 703 |
* Berkshire Hathaway Inc. Class B | 2,558 | 615 |
CNA Financial Corp. | 11,812 | 503 |
Hanmi Financial Corp. | 25,828 | 442 |
First Midwest Bancorp Inc. | 21,706 | 429 |
Ally Financial Inc. | 9,388 | 390 |
Everest Re Group Ltd. | 1,564 | 378 |
Popular Inc. | 5,440 | 364 |
* Athene Holding Ltd. Class A | 7,698 | 351 |
Charles Schwab Corp. | 5,604 | 346 |
Heartland Financial USA Inc. | 7,393 | 346 |
Progressive Corp. | 3,932 | 338 |
Invesco Ltd. | 14,957 | 335 |
Axis Capital Holdings Ltd. | 6,566 | 332 |
* Mr Cooper Group Inc. | 10,463 | 329 |
* Enstar Group Ltd. | 1,543 | 328 |
KeyCorp | 16,212 | 327 |
SLM Corp. | 20,246 | 320 |
Principal Financial Group Inc. | 5,546 | 314 |
Citizens Financial Group Inc. | 7,176 | 312 |
New York Community Bancorp Inc. | 25,263 | 308 |
Equitable Holdings Inc. | 10,202 | 302 |
Reinsurance Group of America Inc. | 2,466 | 301 |
Prosperity Bancshares Inc. | 4,102 | 301 |
Radian Group Inc. | 14,545 | 297 |
Park National Corp. | 2,390 | 296 |
BOK Financial Corp. | 3,390 | 292 |
Unum Group | 10,930 | 289 |
First Horizon Corp. | 17,789 | 288 |
Hartford Financial Services Group Inc. | 5,675 | 288 |
BlackRock Inc. | 413 | 287 |
* Arch Capital Group Ltd. | 7,983 | 286 |
S&T Bancorp Inc. | 9,777 | 282 |
RenaissanceRe Holdings Ltd. | 1,687 | 282 |
Valley National Bancorp | 22,614 | 277 |
FNB Corp. | 23,302 | 276 |
American Financial Group Inc. | 2,578 | 275 |
* Customers Bancorp Inc. | 10,271 | 275 |
Hope Bancorp Inc. | 20,901 | 275 |
MGIC Investment Corp. | 22,357 | 272 |
Regions Financial Corp. | 13,150 | 271 |
Fifth Third Bancorp | 7,797 | 271 |
Cowen Inc. Class A | 7,952 | 269 |
* Brighthouse Financial Inc. | 6,715 | 268 |
M&T Bank Corp. | 1,756 | 265 |
Lincoln National Corp. | 4,590 | 261 |
Old Republic International Corp. | 13,504 | 261 |
Bryn Mawr Bank Corp. | 6,887 | 261 |
Bank OZK | 6,157 | 254 |
Alleghany Corp. | 386 | 250 |
Enterprise Financial Services Corp. | 5,799 | 249 |
Webster Financial Corp. | 4,470 | 247 |
Synovus Financial Corp. | 5,813 | 246 |
PacWest Bancorp | 6,740 | 244 |
First Busey Corp. | 10,669 | 244 |
* Third Point Reinsurance Ltd. | 23,794 | 243 |
Associated Banc-Corp | 11,965 | 241 |
* Bancorp Inc. | 11,833 | 240 |
Cadence BanCorp Class A | 11,683 | 240 |
Essent Group Ltd. | 5,795 | 239 |
OneMain Holdings Inc | 5,065 | 238 |
Pinnacle Financial Partners Inc. | 2,916 | 237 |
Fidelity National Financial Inc. | 6,164 | 236 |
East West Bancorp Inc. | 3,265 | 236 |
OFG Bancorp | 12,201 | 236 |
First BanCorp | 22,416 | 235 |
First American Financial Corp. | 4,426 | 233 |
Globe Life Inc. | 2,489 | 233 |
Independent Bank Group Inc. | 3,327 | 232 |
First Financial Bancorp | 10,321 | 232 |
Signature Bank | 1,036 | 226 |
Wintrust Financial Corp. | 3,067 | 226 |
Old National Bancorp | 12,322 | 223 |
Sterling Bancorp | 10,182 | 222 |
Franklin Resources Inc. | 8,476 | 222 |
Fulton Financial Corp. | 14,232 | 220 |
Voya Financial Inc. | 3,647 | 220 |
ConnectOne Bancorp Inc. | 9,308 | 216 |
First Bancorp | 5,272 | 212 |
OceanFirst Financial Corp. | 9,728 | 211 |
First Merchants Corp. | 5,017 | 211 |
First Interstate BancSystem Inc. Class A | 4,640 | 211 |
Stifel Financial Corp. | 3,449 | 211 |
Southside Bancshares Inc. | 6,057 | 209 |
Hilltop Holdings Inc. | 6,337 | 209 |
Kemper Corp. | 2,697 | 204 |
Sandy Spring Bancorp Inc. | 5,419 | 204 |
WesBanco Inc. | 6,300 | 203 |
Horace Mann Educators Corp. | 5,063 | 195 |
PennyMac Financial Services Inc. | 3,254 | 193 |
Zions Bancorp NA | 3,619 | 192 |
FBL Financial Group Inc. Class A | 3,352 | 191 |
Santander Consumer USA Holdings Inc. | 7,585 | 190 |
Hancock Whitney Corp. | 5,004 | 189 |
Universal Insurance Holdings Inc. | 12,645 | 188 |
Ameris Bancorp | 3,950 | 188 |
* Enova International Inc. | 5,943 | 182 |
Investors Bancorp Inc. | 13,643 | 182 |
Affiliated Managers Group Inc. | 1,299 | 182 |
Assured Guaranty Ltd. | 4,094 | 181 |
Eagle Bancorp Inc. | 3,680 | 180 |
Navient Corp. | 14,489 | 179 |
BankUnited Inc. | 4,419 | 178 |
Great Western Bancorp Inc. | 6,619 | 178 |
State Street Corp. | 2,414 | 176 |
Washington Trust Bancorp Inc. | 3,673 | 175 |
NBT Bancorp Inc. | 4,797 | 174 |
First Commonwealth Financial Corp. | 12,764 | 171 |
Nelnet Inc. Class A | 2,346 | 170 |
* Encore Capital Group Inc. | 5,095 | 170 |
Flagstar Bancorp Inc. | 3,917 | 170 |
Argo Group International Holdings Ltd. | 3,653 | 169 |
1st Source Corp. | 3,794 | 168 |
Umpqua Holdings Corp. | 9,792 | 167 |
Huntington Bancshares Inc. | 10,858 | 167 |
Brookline Bancorp Inc. | 11,583 | 165 |
Western Alliance Bancorp | 1,800 | 165 |
Premier Financial Corp. | 5,349 | 164 |
Meta Financial Group Inc. | 3,693 | 164 |
American Equity Investment Life Holding Co. | 5,880 | 162 |
Towne Bank | 5,630 | 162 |
HomeStreet Inc. | 3,762 | 162 |
Simmons First National Corp. Class A | 5,507 | 161 |
Central Pacific Financial Corp. | 6,980 | 158 |
Northfield Bancorp Inc. | 11,515 | 158 |
* TriState Capital Holdings Inc. | 6,857 | 157 |
T. Rowe Price Group Inc. | 963 | 156 |
WSFS Financial Corp. | 2,884 | 153 |
South State Corp. | 1,929 | 152 |
HarborOne Bancorp Inc. | 12,587 | 150 |
* StoneX Group Inc. | 2,546 | 147 |
Jefferies Financial Group Inc. | 5,020 | 146 |
Pacific Premier Bancorp Inc. | 3,594 | 145 |
Banner Corp. | 2,788 | 144 |
Washington Federal Inc. | 4,748 | 144 |
First Hawaiian Inc. | 5,133 | 143 |
Virtus Investment Partners Inc. | 569 | 143 |
Comerica Inc. | 2,091 | 142 |
Northwest Bancshares Inc. | 9,983 | 141 |
Meridian Bancorp Inc. | 8,412 | 141 |
TrustCo Bank Corp. NY | 20,272 | 139 |
Trustmark Corp. | 4,624 | 139 |
* Triumph Bancorp Inc. | 1,815 | 139 |
Discover Financial Services | 1,479 | 139 |
Allegiance Bancshares Inc. | 3,650 | 137 |
* EZCORP Inc. Class A | 28,575 | 137 |
Assurant Inc. | 1,110 | 137 |
Renasant Corp. | 3,394 | 133 |
Cathay General Bancorp | 3,529 | 133 |
Hanover Insurance Group Inc. | 1,140 | 132 |
Preferred Bank | 2,233 | 129 |
Veritex Holdings Inc. | 4,429 | 129 |
BancorpSouth Bank | 4,156 | 125 |
TriCo Bancshares | 2,892 | 125 |
* Credit Acceptance Corp. | 342 | 124 |
Provident Financial Services Inc. | 6,103 | 123 |
Walker & Dunlop Inc. | 1,185 | 118 |
iStar Inc. | 6,453 | 114 |
Atlantic Union Bankshares Corp. | 2,975 | 109 |
* NMI Holdings Inc. Class A | 4,714 | 108 |
* SVB Financial Group | 213 | 108 |
Federal Agricultural Mortgage Corp. Class C | 1,240 | 107 |
First Foundation Inc. | 4,389 | 100 |
BGC Partners Inc. Class A | 22,327 | 100 |
Heritage Commerce Corp. | 10,418 | 99 |
Kearny Financial Corp. | 8,436 | 96 |
Tompkins Financial Corp. | 1,232 | 95 |
Bank of NT Butterfield & Son Ltd. | 2,608 | 95 |
* World Acceptance Corp. | 750 | 95 |
FB Financial Corp. | 2,236 | 95 |
CNO Financial Group Inc. | 3,911 | 94 |
Home BancShares Inc. | 3,813 | 93 |
Mercury General Corp. | 1,546 | 90 |
* PRA Group Inc. | 2,431 | 90 |
Employers Holdings Inc. | 2,535 | 84 |
Safety Insurance Group Inc. | 1,056 | 84 |
National Bank Holdings Corp. Class A | 2,114 | 82 |
Cullen/Frost Bankers Inc. | 761 | 79 |
United Bankshares Inc. | 2,017 | 75 |
Ameriprise Financial Inc. | 318 | 70 |
UMB Financial Corp. | 824 | 70 |
Selective Insurance Group Inc. | 962 | 65 |
WisdomTree Investments Inc. | 12,174 | 65 |
Raymond James Financial Inc. | 532 | 62 |
Stewart Information Services Corp. | 1,297 | 61 |
United Community Banks Inc. | 1,851 | 61 |
Intercontinental Exchange Inc. | 553 | 61 |
Bank of Hawaii Corp. | 669 | 59 |
Berkshire Hills Bancorp Inc. | 2,662 | 54 |
* MoneyGram International Inc. | 7,680 | 51 |
Columbia Banking System Inc. | 1,130 | 50 |
* Texas Capital Bancshares Inc. | 634 | 48 |
BancFirst Corp. | 730 | 47 |
Heritage Financial Corp. | 1,790 | 46 |
* Axos Financial Inc. | 945 | 44 |
Banc of California Inc. | 2,275 | 42 |
Piper Sandler Cos. | 384 | 41 |
FirstCash Inc. | 578 | 37 |
Lazard Ltd. Class A | 858 | 33 |
56,584 | ||
Health Care (8.6%) | ||
Gilead Sciences Inc. | 29,170 | 1,791 |
* HCA Healthcare Inc. | 8,363 | 1,439 |
Anthem Inc. | 4,261 | 1,292 |
Bristol-Myers Squibb Co. | 20,332 | 1,247 |
Cigna Corp. | 5,863 | 1,231 |
* Centene Corp. | 20,949 | 1,226 |
* Biogen Inc. | 4,368 | 1,192 |
AbbVie Inc. | 6,785 | 731 |
Pfizer Inc. | 21,570 | 722 |
* Viatris Inc. | 47,589 | 707 |
Humana Inc. | 1,632 | 620 |
Becton Dickinson and Co. | 2,143 | 517 |
* Regeneron Pharmaceuticals Inc. | 1,046 | 471 |
* Universal Health Services Inc. Class B | 3,156 | 396 |
Quest Diagnostics Inc. | 3,020 | 349 |
Perrigo Co. plc | 8,211 | 331 |
* United Therapeutics Corp. | 1,804 | 302 |
* Tenet Healthcare Corp. | 5,845 | 298 |
Amgen Inc. | 1,237 | 278 |
National HealthCare Corp. | 3,826 | 266 |
* Triple-S Management Corp. Class B | 10,255 | 259 |
* Endo International plc | 31,908 | 253 |
* Jazz Pharmaceuticals plc | 1,405 | 236 |
* Innoviva Inc. | 19,543 | 223 |
Merck & Co. Inc. | 3,060 | 222 |
* Quidel Corp. | 1,247 | 205 |
* Prestige Consumer Healthcare Inc. | 4,716 | 197 |
* Acadia Healthcare Co. Inc. | 3,441 | 190 |
* Laboratory Corp. of America Holdings | 679 | 163 |
UnitedHealth Group Inc. | 486 | 162 |
* Select Medical Holdings Corp. | 5,033 | 159 |
* Lannett Co. Inc. | 25,420 | 154 |
* MEDNAX Inc. | 6,273 | 153 |
* DaVita Inc. | 1,448 | 148 |
* Catalyst Pharmaceuticals Inc. | 36,564 | 142 |
* ANI Pharmaceuticals Inc. | 4,805 | 140 |
* Amneal Pharmaceuticals Inc. | 25,021 | 135 |
* Supernus Pharmaceuticals Inc. | 3,822 | 103 |
Owens & Minor Inc. | 2,536 | 86 |
Phibro Animal Health Corp. Class A | 3,535 | 76 |
Cardinal Health Inc. | 1,341 | 69 |
* Emergent BioSolutions Inc. | 620 | 60 |
* Brookdale Senior Living Inc. | 7,362 | 43 |
* XBiotech Inc. | 1,895 | 36 |
19,020 | ||
Industrials (15.1%) | ||
DuPont de Nemours Inc. | 21,921 | 1,541 |
FedEx Corp. | 4,759 | 1,211 |
Capital One Financial Corp. | 9,660 | 1,161 |
General Dynamics Corp. | 6,207 | 1,015 |
Northrop Grumman Corp. | 3,181 | 928 |
Johnson Controls International plc | 12,195 | 680 |
Westrock Co. | 10,831 | 472 |
ArcBest Corp. | 7,901 | 466 |
* United Rentals Inc. | 1,505 | 448 |
Raytheon Technologies Corp. | 6,180 | 445 |
nVent Electric plc | 15,887 | 417 |
MDU Resources Group Inc. | 13,985 | 393 |
Air Lease Corp. Class A | 8,432 | 387 |
Sonoco Products Co. | 6,402 | 381 |
* Fiserv Inc. | 3,278 | 378 |
Knight-Swift Transportation Holdings Inc. | 8,738 | 377 |
Alliance Data Systems Corp. | 3,855 | 372 |
Triton International Ltd. | 5,985 | 346 |
* WESCO International Inc. | 4,236 | 340 |
Scorpio Tankers Inc. | 22,550 | 333 |
* Modine Manufacturing Co. | 23,132 | 321 |
* Herc Holdings Inc. | 3,615 | 317 |
Quanta Services Inc. | 3,758 | 315 |
* Berry Global Group Inc. | 5,672 | 314 |
SFL Corp. Ltd. | 41,149 | 310 |
AGCO Corp. | 2,301 | 298 |
* Diamond S Shipping Inc. | 36,714 | 297 |
3M Co. | 1,683 | 295 |
* Conduent Inc. | 53,719 | 289 |
REV Group Inc. | 23,065 | 286 |
ManpowerGroup Inc. | 2,935 | 277 |
Lockheed Martin Corp. | 825 | 272 |
Textron Inc. | 5,136 | 259 |
Owens Corning | 3,172 | 257 |
Costamare Inc. | 26,103 | 252 |
Frontline Ltd. | 36,969 | 250 |
* US Xpress Enterprises Inc. Class A | 26,932 | 249 |
International Seaways Inc. | 14,274 | 248 |
CAI International Inc. | 5,597 | 246 |
* Textainer Group Holdings Ltd. | 9,337 | 243 |
Oshkosh Corp. | 2,285 | 242 |
Schneider National Inc. Class B | 10,341 | 239 |
* Ducommun Inc. | 4,349 | 237 |
Deluxe Corp. | 5,952 | 235 |
AAR Corp. | 5,831 | 232 |
* Dorian LPG Ltd. | 18,504 | 230 |
Ennis Inc. | 11,461 | 227 |
Cummins Inc. | 886 | 224 |
* MasTec Inc. | 2,544 | 221 |
* Tutor Perini Corp. | 14,929 | 219 |
* Atlas Air Worldwide Holdings Inc. | 3,949 | 218 |
Norfolk Southern Corp. | 853 | 215 |
EMCOR Group Inc. | 2,171 | 211 |
* Beacon Roofing Supply Inc. | 4,339 | 208 |
* BrightView Holdings Inc. | 12,994 | 207 |
* US Concrete Inc. | 4,004 | 206 |
* Covenant Transportation Group Inc. Class A | 11,261 | 205 |
* Kelly Services Inc. Class A | 9,802 | 204 |
Primoris Services Corp. | 6,035 | 202 |
* Donnelley Financial Solutions Inc. | 7,741 | 201 |
Greif Inc. Class A | 4,088 | 197 |
* GMS Inc. | 5,374 | 197 |
Greenbrier Cos. Inc. | 4,148 | 195 |
DHT Holdings Inc. | 34,182 | 191 |
Trinity Industries Inc. | 5,934 | 190 |
Fidelity National Information Services Inc. | 1,341 | 185 |
* Titan Machinery Inc. | 7,537 | 185 |
* MYR Group Inc. | 3,112 | 183 |
Resources Connection Inc. | 14,348 | 183 |
* DXP Enterprises Inc. | 6,009 | 181 |
General Electric Co. | 14,248 | 179 |
Regal Beloit Corp. | 1,301 | 178 |
Acuity Brands Inc. | 1,429 | 176 |
PACCAR Inc. | 1,912 | 174 |
Wabtec Corp. | 2,318 | 168 |
Graphic Packaging Holding Co. | 10,573 | 168 |
ADT Inc. | 21,727 | 165 |
* FTI Consulting Inc. | 1,429 | 164 |
Apogee Enterprises Inc. | 4,316 | 161 | |
* | Manitowoc Co. Inc. | 9,844 | 160 |
Werner Enterprises Inc. | 3,733 | 160 | |
* | Colfax Corp. | 3,557 | 158 |
*,^ | Alpha Pro Tech Ltd. | 11,129 | 156 |
GATX Corp. | 1,621 | 155 | |
* | Resideo Technologies Inc. | 6,404 | 154 |
American Express Co. | 1,115 | 151 | |
ABM Industries Inc. | 3,479 | 150 | |
* | ASGN Inc. | 1,601 | 149 |
Heartland Express Inc. | 7,865 | 143 | |
HB Fuller Co. | 2,547 | 143 | |
* | Thermon Group Holdings Inc. | 6,936 | 142 |
* | Sterling Construction Co. Inc. | 6,114 | 139 |
Brunswick Corp. | 1,559 | 138 | |
* | Hub Group Inc. Class A | 2,391 | 138 |
*,1 API Group Corp. | 7,325 | 136 | |
Synchrony Financial | 3,491 | 135 | |
Nordic American Tankers Ltd. | 45,417 | 135 | |
* | PGT Innovations Inc. | 5,705 | 135 |
* | Great Lakes Dredge & Dock Corp. | 8,817 | 134 |
* | Fluor Corp. | 7,608 | 131 |
* | Air Transport Services Group Inc. | 4,909 | 130 |
Ryder System Inc. | 1,922 | 130 | |
Huntington Ingalls Industries Inc. | 733 | 129 | |
Matson Inc. | 1,808 | 125 | |
* | Gates Industrial Corp. plc | 8,191 | 123 |
Argan Inc. | 2,456 | 123 | |
Snap-on Inc. | 598 | 121 | |
* | Cornerstone Building Brands Inc. | 10,617 | 121 |
* | Builders FirstSource Inc. | 2,793 | 121 |
Altra Industrial Motion Corp. | 2,083 | 121 | |
Hyster-Yale Materials Handling Inc. | 1,317 | 113 | |
Packaging Corp. of America | 851 | 112 | |
* | Kirby Corp. | 1,682 | 105 |
* | JELD-WEN Holding Inc. | 3,542 | 105 |
* | Ardmore Shipping Corp. | 26,557 | 105 |
* | American Woodmark Corp. | 1,117 | 104 |
* | Sykes Enterprises Inc. | 2,553 | 104 |
Silgan Holdings Inc. | 2,747 | 103 | |
Griffon Corp. | 4,148 | 102 | |
* | Aecom | 1,672 | 97 |
Heidrick & Struggles International Inc. | 2,647 | 95 | |
* | TrueBlue Inc. | 4,531 | 94 |
* | Vectrus Inc. | 1,642 | 90 |
Quanex Building Products Corp. | 3,654 | 89 | |
Emerson Electric Co. | 1,015 | 87 | |
Sealed Air Corp. | 2,052 | 86 | |
Allison Transmission Holdings Inc. | 2,171 | 82 | |
Louisiana-Pacific Corp. | 1,721 | 82 | |
* | Echo Global Logistics Inc. | 2,889 | 80 |
Deere & Co. | 220 | 77 | |
H&E Equipment Services Inc. | 2,383 | 74 | |
* | Atkore Inc. | 1,033 | 70 |
* | Middleby Corp. | 477 | 70 |
* | XPO Logistics Inc. | 597 | 70 |
* | Meritor Inc. | 2,263 | 69 |
Otter Tail Corp. | 1,662 | 67 |
* Cimpress plc | 611 | 61 |
KBR Inc. | 1,903 | 59 |
Columbus McKinnon Corp. | 1,155 | 58 |
Powell Industries Inc. | 1,847 | 57 |
Moog Inc. Class A | 727 | 56 |
Curtiss-Wright Corp. | 500 | 55 |
* Summit Materials Inc. Class A | 1,952 | 54 |
Belden Inc. | 1,220 | 54 |
* Axalta Coating Systems Ltd. | 1,752 | 48 |
AZZ Inc. | 918 | 47 |
Eagle Materials Inc. | 356 | 45 |
Crane Co. | 525 | 44 |
ICF International Inc. | 523 | 44 |
Marten Transport Ltd. | 2,692 | 44 |
* Masonite International Corp. | 393 | 43 |
EnerSys | 470 | 42 |
Valmont Industries Inc. | 173 | 41 |
* O-I Glass Inc. | 3,449 | 40 |
* CBIZ Inc. | 1,331 | 40 |
CSX Corp. | 415 | 38 |
* PAE Inc. | 4,597 | 38 |
* Allegheny Technologies Inc. | 1,910 | 38 |
* TriNet Group Inc. | 449 | 36 |
Granite Construction Inc. | 1,030 | 35 |
Terex Corp. | 837 | 34 |
Kronos Worldwide Inc. | 1,839 | 27 |
Macquarie Infrastructure Corp. | 783 | 25 |
33,310 | ||
Other (0.0%) | ||
* BM Technologies Inc. | 1,618 | 18 |
Real Estate (0.9%) | ||
* Jones Lang LaSalle Inc. | 1,434 | 250 |
CoreCivic Inc. | 33,325 | 239 |
* Realogy Holdings Corp. | 14,859 | 224 |
VICI Properties Inc. | 5,572 | 159 |
EPR Properties | 3,283 | 148 |
Newmark Group Inc. Class A | 13,480 | 135 |
STORE Capital Corp. | 3,690 | 123 |
Preferred Apartment Communities Inc. Class A | 12,851 | 106 |
Brixmor Property Group Inc. | 5,357 | 105 |
RE/MAX Holdings Inc. Class A | 2,480 | 104 |
American Finance Trust Inc. | 9,821 | 87 |
GEO Group Inc. | 11,884 | 86 |
Sabra Health Care REIT Inc. | 4,912 | 85 |
* Cushman & Wakefield plc | 3,641 | 56 |
Industrial Logistics Properties Trust | 1,950 | 42 |
VEREIT Inc. | 1,037 | 40 |
1,989 | ||
Technology (6.2%) | ||
* Micron Technology Inc. | 17,404 | 1,593 |
Intel Corp. | 20,240 | 1,230 |
International Business Machines Corp. | 8,308 | 988 |
Broadcom Inc. | 1,108 | 521 |
HP Inc. | 17,325 | 502 |
Hewlett Packard Enterprise Co. | 29,233 | 426 |
Xerox Holdings Corp. | 16,125 | 411 |
Avnet Inc. | 10,269 | 391 |
* Dell Technologies Inc. | 4,220 | 342 |
* Arrow Electronics Inc. | 3,340 | 335 |
Cognizant Technology Solutions Corp. Class A | 4,443 | 326 |
DXC Technology Co. | 12,717 | 321 |
* NCR Corp. | 8,271 | 287 |
* J2 Global Inc. | 2,485 | 277 |
NortonLifeLock Inc. | 14,104 | 275 |
* Concentrix Corp. | 2,151 | 266 |
VirnetX Holding Corp. | 37,083 | 258 |
SYNNEX Corp. | 2,885 | 257 |
Western Digital Corp. | 3,365 | 231 |
* ScanSource Inc. | 7,983 | 227 |
Jabil Inc. | 5,203 | 225 |
* Sanmina Corp. | 6,008 | 214 |
* TTM Technologies Inc. | 14,118 | 199 |
Oracle Corp. | 3,069 | 198 |
Applied Materials Inc. | 1,437 | 170 |
Computer Programs and Systems Inc. | 5,363 | 169 |
* Insight Enterprises Inc. | 1,984 | 166 |
Amkor Technology Inc. | 6,732 | 161 |
CDK Global Inc. | 3,023 | 151 |
Ebix Inc. | 6,097 | 149 |
* Qorvo Inc. | 834 | 146 |
Science Applications International Corp. | 1,623 | 140 |
* SMART Global Holdings Inc. | 2,929 | 137 |
Benchmark Electronics Inc. | 4,795 | 136 |
* CACI International Inc. Class A | 585 | 129 |
* Photronics Inc. | 10,433 | 124 |
* NetScout Systems Inc. | 3,812 | 108 |
Amdocs Ltd. | 1,390 | 105 |
* Flex Ltd. | 5,650 | 103 |
Methode Electronics Inc. | 2,596 | 101 |
Corning Inc. | 2,634 | 101 |
Vishay Intertechnology Inc. | 3,955 | 94 |
NXP Semiconductors NV | 515 | 94 |
* Allscripts Healthcare Solutions Inc. | 5,873 | 91 |
* Avaya Holdings Corp. | 2,997 | 89 |
* Unisys Corp. | 3,614 | 89 |
* Ultra Clean Holdings Inc. | 1,882 | 87 |
* Super Micro Computer Inc. | 2,655 | 87 |
Xperi Holding Corp | 3,818 | 80 |
* Diebold Nixdorf Inc. | 5,480 | 79 |
* Blucora Inc. | 3,823 | 62 |
* Yandex NV Class A | 760 | 49 |
* Alpha & Omega Semiconductor Ltd. | 1,346 | 47 |
Seagate Technology plc | 552 | 40 |
13,584 | ||
Telecommunications (3.6%) | ||
Verizon Communications Inc. | 31,782 | 1,757 |
AT&T Inc. | 44,602 | 1,244 |
Comcast Corp. Class A | 20,609 | 1,086 |
L3Harris Technologies Inc. | 5,183 | 943 |
Cisco Systems Inc. | 9,597 | 431 |
Lumen Technologies Inc. | 33,662 | 414 |
* DISH Network Corp. Class A | 11,066 | 349 |
* CommScope Holding Co. Inc. | 17,254 | 252 |
* United States Cellular Corp. | 8,470 | 249 |
Telephone and Data Systems Inc. | 11,524 | 206 |
* Plantronics Inc. | 4,833 | 196 |
* Liberty Latin America Ltd. Class A | 12,886 | 141 |
* Consolidated Communications Holdings Inc. | 21,684 | 114 |
Juniper Networks Inc. | 4,503 | 105 |
* Liberty Global plc Class C | 4,099 | 100 |
Comtech Telecommunications Corp. | 3,459 | 93 |
ATN International Inc. | 1,870 | 91 |
* EchoStar Corp. Class A | 3,876 | 88 |
* NETGEAR Inc. | 2,114 | 84 |
7,943 | ||
Utilities (7.0%) | ||
Duke Energy Corp. | 15,956 | 1,366 |
Exelon Corp. | 33,602 | 1,297 |
Sempra Energy | 9,212 | 1,068 |
American Electric Power Co. Inc. | 11,591 | 868 |
Dominion Energy Inc. | 12,039 | 822 |
Southern Co. | 13,032 | 739 |
Spire Inc. | 8,447 | 561 |
WEC Energy Group Inc. | 6,186 | 499 |
UGI Corp. | 12,461 | 477 |
Consolidated Edison Inc. | 6,385 | 419 |
Public Service Enterprise Group Inc. | 7,105 | 382 |
Southwest Gas Holdings Inc. | 6,104 | 381 |
National Fuel Gas Co. | 8,329 | 378 |
PPL Corp. | 13,660 | 358 |
Avangrid Inc. | 7,629 | 349 |
Black Hills Corp. | 5,746 | 340 |
Xcel Energy Inc. | 5,141 | 301 |
Vistra Corp. | 17,264 | 298 |
ALLETE Inc. | 4,791 | 298 |
NorthWestern Corp. | 4,849 | 284 |
OGE Energy Corp. | 9,086 | 266 |
Evergy Inc. | 4,769 | 256 |
Hawaiian Electric Industries Inc. | 6,917 | 242 |
NRG Energy Inc. | 6,554 | 239 |
Portland General Electric Co. | 5,432 | 229 |
ONE Gas Inc. | 3,324 | 223 |
NiSource Inc. | 9,843 | 213 |
Atmos Energy Corp. | 2,443 | 207 |
AES Corp. | 7,476 | 199 |
Edison International | 3,472 | 187 |
FirstEnergy Corp. | 5,649 | 187 |
South Jersey Industries Inc. | 7,310 | 184 |
CenterPoint Energy Inc. | 9,336 | 181 |
DTE Energy Co. | 1,505 | 177 |
Eversource Energy | 2,221 | 176 |
Entergy Corp. | 1,924 | 167 |
Pinnacle West Capital Corp. | 2,242 | 157 |
Unitil Corp. | 1,893 | 79 |
IDACORP Inc. | 853 | 74 |
Avista Corp. | 1,716 | 69 |
Clearway Energy Inc. | 2,505 | 69 |
Ameren Corp. | 684 | 48 |
New Jersey Resources Corp. | 1,160 | 46 | |
Chesapeake Utilities Corp. | 303 | 32 | |
* Harsco Corp. | 1,861 | 30 | |
Northwest Natural Holding Co. | 550 | 26 | |
15,448 | |||
Total Common Stocks (Cost $173,665) | 220,311 | ||
Coupon | |||
Temporary Cash Investment (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 Vanguard Market Liquidity Fund (Cost $651) | 0.099% | 6,509 | 651 |
Total Investments (100.0%) (Cost $174,316) | 220,962 | ||
Other Assets and Liabilities—Net (0.0%) | 95 | ||
Net Assets (100%) | 221,057 | ||
Cost in in $000. |
* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $147,000.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in
transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the value of
this security represented 0.1% 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 $168,000 was received for securities on loan.
REIT—Real Estate Investment Trust.
Derivative Financial Instruments Outstanding as of Period End | ||||
Futures Contracts | ||||
($000) | ||||
Value and | ||||
Number of | Unrealized | |||
Long (Short) | Notional | Appreciation | ||
Expiration | Contracts | Amount | (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2021 | 2 | 381 | 12 |
Micro E-mini S&P 500 Index | March 2021 | 16 | 305 | 3 |
15 |
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 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
February 28, 2021, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
($000) | ($000) | ($000) | ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 220,293 | 18 | — | 220,311 |
Temporary Cash Investments | 651 | — | — | 651 |
Total | 220,944 | 18 | — | 220,962 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 3 | — | — | 3 |
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps,
if any, as reported in the Schedule of Investments.