Vanguard® Mid-Cap Growth Index Fund
Schedule of Investments (unaudited)
As of March 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 (99.9%) | ||||||
Basic Materials (1.5%) | ||||||
Fastenal Co. | 3,876,823 | 194,927 | ||||
Newmont Corp. | 1,350,617 | 81,402 | ||||
FMC Corp. | 438,045 | 48,452 | ||||
324,781 | ||||||
Consumer Discretionary (15.1%) | ||||||
* | Chipotle Mexican Grill Inc. Class A | 189,986 | 269,936 | |||
* | Peloton Interactive Inc. Class A | 1,690,681 | 190,100 | |||
* | Trade Desk Inc. Class A | 287,559 | 187,391 | |||
* | Dollar Tree Inc. | 1,587,666 | 181,724 | |||
* | Etsy Inc. | 808,614 | 163,073 | |||
* | Expedia Group Inc. | 933,871 | 160,738 | |||
* | Copart Inc. | 1,435,704 | 155,932 | |||
* | Wayfair Inc. Class A | 493,905 | 155,457 | |||
Tractor Supply Co. | 785,098 | 139,025 | ||||
* | Take-Two Interactive Software Inc. | 777,507 | 137,385 | |||
* | Burlington Stores Inc. | 447,148 | 133,608 | |||
* | Aptiv plc | 911,463 | 125,691 | |||
* | Lululemon Athletica Inc. | 401,197 | 123,051 | |||
* | Ulta Beauty Inc. | 361,291 | 111,700 | |||
* | NVR Inc. | 23,608 | 111,216 | |||
* | Lyft Inc. Class A | 1,728,752 | 109,223 | |||
Domino's Pizza Inc. | 261,949 | 96,342 | ||||
* | Wynn Resorts Ltd. | 702,376 | 88,057 | |||
* | Live Nation Entertainment Inc. | 952,656 | 80,642 | |||
* | LKQ Corp. | 1,741,784 | 73,730 | |||
* | Carvana Co. Class A | 264,384 | 69,374 | |||
* | Caesars Entertainment Inc. | 667,848 | 58,403 | |||
* | DraftKings Inc. Class A | 925,470 | 56,759 | |||
* | Penn National Gaming Inc. | 524,263 | 54,964 | |||
Rollins Inc. | 1,493,305 | 51,400 | ||||
*,1 | Chewy Inc. Class A | 482,514 | 40,874 | |||
* | Vail Resorts Inc. | 135,853 | 39,623 | |||
Warner Music Group Corp. Class A | 599,704 | 20,588 | ||||
*,1 | QuantumScape Corp. Class A | 445,930 | 19,955 | |||
1 | Sirius XM Holdings Inc. | 2,793,020 | 17,009 | |||
3,222,970 | ||||||
Consumer Staples (1.9%) | ||||||
McCormick & Co. Inc. (Non-Voting) | 1,680,607 | 149,843 | ||||
Church & Dwight Co. Inc. | 1,654,475 | 144,518 | ||||
Lamb Weston Holdings Inc. | 987,974 | 76,548 |
Shares | Market Value ($000) | |||||
Hormel Foods Corp. | 911,291 | 43,542 | ||||
414,451 | ||||||
Energy (2.8%) | ||||||
Pioneer Natural Resources Co. | 1,458,821 | 231,690 | ||||
* | Plug Power Inc. | 3,392,163 | 121,575 | |||
* | Cheniere Energy Inc. | 1,540,323 | 110,919 | |||
Hess Corp. | 932,742 | 66,001 | ||||
* | Enphase Energy Inc. | 391,925 | 63,554 | |||
593,739 | ||||||
Financials (5.4%) | ||||||
MSCI Inc. Class A | 529,539 | 222,025 | ||||
First Republic Bank | 1,185,968 | 197,760 | ||||
* | SVB Financial Group | 350,264 | 172,911 | |||
MarketAxess Holdings Inc. | 243,661 | 121,324 | ||||
Broadridge Financial Solutions Inc. | 781,676 | 119,675 | ||||
FactSet Research Systems Inc. | 256,367 | 79,112 | ||||
Cboe Global Markets Inc. | 723,671 | 71,419 | ||||
* | Markel Corp. | 46,517 | 53,012 | |||
Interactive Brokers Group Inc. Class A | 520,873 | 38,044 | ||||
SEI Investments Co. | 436,600 | 26,602 | ||||
*,1 | Opendoor Technologies Inc. | 1,171,292 | 24,820 | |||
Tradeweb Markets Inc. Class A | 291,472 | 21,569 | ||||
1,148,273 | ||||||
Health Care (16.4%) | ||||||
* | IDEXX Laboratories Inc. | 576,664 | 282,167 | |||
* | Centene Corp. | 3,925,888 | 250,904 | |||
* | IQVIA Holdings Inc. | 1,294,402 | 250,001 | |||
* | Veeva Systems Inc. Class A | 920,528 | 240,479 | |||
* | Dexcom Inc. | 649,225 | 233,325 | |||
ResMed Inc. | 982,236 | 190,573 | ||||
* | Teladoc Health Inc. | 912,966 | 165,932 | |||
* | Exact Sciences Corp. | 1,141,435 | 150,418 | |||
Cerner Corp. | 2,067,573 | 148,617 | ||||
West Pharmaceutical Services Inc. | 500,223 | 140,953 | ||||
Teleflex Inc. | 315,168 | 130,940 | ||||
* | Align Technology Inc. | 239,523 | 129,709 | |||
Cooper Cos. Inc. | 331,736 | 127,416 | ||||
* | Seagen Inc. | 917,195 | 127,362 | |||
* | Insulet Corp. | 446,055 | 116,385 | |||
* | Alnylam Pharmaceuticals Inc. | 789,776 | 111,508 | |||
* | Varian Medical Systems Inc. | 620,056 | 109,458 | |||
* | Incyte Corp. | 1,261,399 | 102,514 | |||
* | ABIOMED Inc. | 305,325 | 97,316 | |||
* | BioMarin Pharmaceutical Inc. | 1,225,383 | 92,529 | |||
* | Horizon Therapeutics plc | 756,198 | 69,600 | |||
* | Catalent Inc. | 574,552 | 60,506 | |||
* | 10X Genomics Inc. Class A | 246,892 | 44,687 | |||
* | Bio-Rad Laboratories Inc. Class A | 71,048 | 40,581 | |||
* | PPD Inc. | 827,481 | 31,312 | |||
* | Oak Street Health Inc. | 569,508 | 30,907 | |||
*,1 | GoodRx Holdings Inc. Class A | 259,294 | 10,118 | |||
3,486,217 | ||||||
Industrials (17.1%) | ||||||
IHS Markit Ltd. | 2,409,412 | 233,183 | ||||
* | TransDigm Group Inc. | 350,710 | 206,189 | |||
Cintas Corp. | 602,635 | 205,685 | ||||
AMETEK Inc. | 1,556,368 | 198,795 |
Shares | Market Value ($000) | |||||
Verisk Analytics Inc. Class A | 1,098,885 | 194,162 | ||||
* | Mettler-Toledo International Inc. | 158,017 | 182,619 | |||
* | Zebra Technologies Corp. Class A | 360,931 | 175,117 | |||
Old Dominion Freight Line Inc. | 710,441 | 170,797 | ||||
Kansas City Southern | 613,266 | 161,853 | ||||
* | FleetCor Technologies Inc. | 564,772 | 151,715 | |||
Vulcan Materials Co. | 894,737 | 150,987 | ||||
Equifax Inc. | 821,129 | 148,731 | ||||
Martin Marietta Materials Inc. | 420,458 | 141,198 | ||||
* | Trimble Inc. | 1,688,800 | 131,372 | |||
Xylem Inc. | 1,216,640 | 127,966 | ||||
Expeditors International of Washington Inc. | 1,143,346 | 123,127 | ||||
* | Waters Corp. | 419,782 | 119,289 | |||
TransUnion | 1,287,258 | 115,853 | ||||
Masco Corp. | 1,735,868 | 103,978 | ||||
JB Hunt Transport Services Inc. | 570,833 | 95,940 | ||||
Westinghouse Air Brake Technologies Corp. | 1,211,288 | 95,886 | ||||
Ball Corp. | 1,106,865 | 93,796 | ||||
* | Generac Holdings Inc. | 212,163 | 69,473 | |||
HEICO Corp. Class A | 492,190 | 55,913 | ||||
Cognex Corp. | 564,763 | 46,870 | ||||
Fortune Brands Home & Security Inc. | 468,011 | 44,845 | ||||
Jack Henry & Associates Inc. | 256,745 | 38,953 | ||||
HEICO Corp. | 292,828 | 36,838 | ||||
* | XPO Logistics Inc. | 137,990 | 17,014 | |||
*,1 | Affirm Holdings Inc. Class A | 175,695 | 12,425 | |||
3,650,569 | ||||||
Real Estate (7.0%) | ||||||
Digital Realty Trust Inc. | 1,892,033 | 266,474 | ||||
* | CoStar Group Inc. | 266,032 | 218,649 | |||
SBA Communications Corp. Class A | 741,324 | 205,754 | ||||
Alexandria Real Estate Equities Inc. | 922,711 | 151,601 | ||||
* | Zillow Group Inc. Class C | 1,049,837 | 136,101 | |||
Invitation Homes Inc. | 3,828,834 | 122,484 | ||||
Extra Space Storage Inc. | 886,683 | 117,530 | ||||
Sun Communities Inc. | 753,418 | 113,043 | ||||
Realty Income Corp. | 1,260,105 | 80,017 | ||||
* | Zillow Group Inc. Class A | 291,977 | 38,360 | |||
Regency Centers Corp. | 573,248 | 32,509 | ||||
1,482,522 | ||||||
Technology (30.0%) | ||||||
Microchip Technology Inc. | 1,817,621 | 282,131 | ||||
Amphenol Corp. Class A | 4,044,570 | 266,820 | ||||
* | Cadence Design Systems Inc. | 1,883,202 | 257,980 | |||
* | Synopsys Inc. | 1,028,589 | 254,864 | |||
* | DocuSign Inc. Class A | 1,196,358 | 242,203 | |||
* | Match Group Inc. | 1,705,734 | 234,334 | |||
Marvell Technology Group Ltd. | 4,534,889 | 222,119 | ||||
Xilinx Inc. | 1,655,698 | 205,141 | ||||
Skyworks Solutions Inc. | 1,113,138 | 204,239 | ||||
* | Palo Alto Networks Inc. | 623,608 | 200,839 | |||
* | ANSYS Inc. | 585,606 | 198,848 | |||
* | Okta Inc. Class A | 818,233 | 180,363 | |||
* | Fortinet Inc. | 936,371 | 172,686 | |||
KLA Corp. | 520,028 | 171,817 | ||||
* | Twitter Inc. | 2,559,243 | 162,845 | |||
* | RingCentral Inc. Class A | 541,859 | 161,409 |
Shares | Market Value ($000) | |||||
* | Splunk Inc. | 1,091,653 | 147,897 | |||
* | EPAM Systems Inc. | 359,812 | 142,734 | |||
Teradyne Inc. | 1,125,255 | 136,921 | ||||
* | HubSpot Inc. | 297,147 | 134,967 | |||
* | Pinterest Inc. Class A | 1,797,059 | 133,036 | |||
* | Slack Technologies Inc. Class A | 3,216,033 | 130,668 | |||
* | VeriSign Inc. | 648,932 | 128,982 | |||
* | Paycom Software Inc. | 345,353 | 127,801 | |||
* | Coupa Software Inc. | 487,206 | 123,984 | |||
* | Datadog Inc. Class A | 1,420,966 | 118,423 | |||
Citrix Systems Inc. | 830,043 | 116,505 | ||||
* | Tyler Technologies Inc. | 273,915 | 116,285 | |||
* | IAC/InterActiveCorp | 532,147 | 115,109 | |||
* | Akamai Technologies Inc. | 1,098,903 | 111,978 | |||
* | Crowdstrike Holdings Inc. Class A | 603,706 | 110,182 | |||
* | Gartner Inc. | 568,958 | 103,863 | |||
SS&C Technologies Holdings Inc. | 1,468,751 | 102,622 | ||||
* | Cloudflare Inc. Class A | 1,436,193 | 100,907 | |||
*,1 | Unity Software Inc. | 923,217 | 92,608 | |||
* | GoDaddy Inc. Class A | 1,144,623 | 88,846 | |||
* | Zscaler Inc. | 498,212 | 85,528 | |||
* | Black Knight Inc. | 1,006,991 | 74,507 | |||
* | ON Semiconductor Corp. | 1,390,418 | 57,855 | |||
* | Dropbox Inc. Class A | 2,124,338 | 56,635 | |||
* | Zendesk Inc. | 397,639 | 52,735 | |||
Monolithic Power Systems Inc. | 145,138 | 51,264 | ||||
* | IPG Photonics Corp. | 234,907 | 49,551 | |||
* | MongoDB Inc. Class A | 183,137 | 48,976 | |||
* | ZoomInfo Technologies Inc. Class A | 599,653 | 29,323 | |||
* | Palantir Technologies Inc. Class A | 1,183,944 | 27,574 | |||
* | Bumble Inc. Class A | 388,398 | 24,228 | |||
Leidos Holdings Inc. | 239,937 | 23,101 | ||||
* | Qualtrics International Inc. Class A | 176,870 | 5,821 | |||
6,390,054 | ||||||
Telecommunications (1.8%) | ||||||
* | Roku Inc. Class A | 374,923 | 122,139 | |||
* | Arista Networks Inc. | 386,464 | 116,670 | |||
* | Liberty Broadband Corp. Class C | 532,739 | 79,991 | |||
* | Altice USA Inc. Class A | 1,552,275 | 50,495 | |||
* | Liberty Broadband Corp. Class A | 80,944 | 11,749 | |||
Ubiquiti Inc. | 21,080 | 6,288 | ||||
387,332 | ||||||
Utilities (0.9%) | ||||||
Waste Connections Inc. | 1,770,227 | 191,149 | ||||
Total Common Stocks (Cost $13,798,652) | 21,292,057 |
Coupon | Shares | Market Value ($000) | ||||
Temporary Cash Investments (0.5%) | ||||||
Money Market Fund (0.5%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $106,089) | 0.081% | 1,060,905 | 106,091 | ||
Total Investments (100.4%) (Cost $13,904,741) | 21,398,148 | |||||
Other Assets and Liabilities—Net (-0.4%) | (92,134) | |||||
Net Assets (100%) | 21,306,014 |
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 $83,939,000. |
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 $83,992,000 was received for securities on loan. |
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 | 76 | 19,800 | (267) |
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 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 March 31, 2021, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.