Vanguard® S&P Small-Cap 600 Index Fund
Schedule of Investments (unaudited)
As of November 30, 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 (99.7%) | ||||||
Communication Services (2.5%) | ||||||
* | Iridium Communications Inc. | 377,286 | 12,107 | |||
* | Vonage Holdings Corp. | 744,534 | 9,575 | |||
Cogent Communications Holdings Inc. | 136,198 | 7,919 | ||||
Shenandoah Telecommunications Co. | 161,385 | 7,172 | ||||
* | Glu Mobile Inc. | 474,003 | 4,792 | |||
* | TechTarget Inc. | 74,620 | 3,917 | |||
* | QuinStreet Inc. | 156,324 | 2,790 | |||
Meredith Corp. | 130,132 | 2,648 | ||||
* | Cincinnati Bell Inc. | 163,467 | 2,486 | |||
EW Scripps Co. Class A | 184,062 | 2,349 | ||||
Scholastic Corp. | 96,529 | 2,290 | ||||
ATN International Inc. | 35,508 | 1,738 | ||||
* | Consolidated Communications Holdings Inc. | 235,665 | 1,320 | |||
* | Gannett Co. Inc. | 420,891 | 1,195 | |||
Marcus Corp. | 74,643 | 876 | ||||
* | AMC Networks Inc. Class A | 24,214 | 798 | |||
Spok Holdings Inc. | 56,772 | 558 | ||||
64,530 | ||||||
Consumer Discretionary (15.1%) | ||||||
* | Capri Holdings Ltd. | 484,871 | 17,155 | |||
* | YETI Holdings Inc. | 241,981 | 15,286 | |||
* | Crocs Inc. | 218,156 | 12,847 | |||
* | Meritage Homes Corp. | 121,802 | 10,980 | |||
* | Stamps.com Inc. | 56,869 | 10,661 | |||
LCI Industries | 81,361 | 10,234 | ||||
1 | Macy's Inc. | 1,000,817 | 10,218 | |||
* | Shake Shack Inc. Class A | 115,222 | 9,409 | |||
* | Dorman Products Inc. | 93,399 | 8,627 | |||
1 | Bed Bath & Beyond Inc. | 406,652 | 8,523 | |||
Steven Madden Ltd. | 250,362 | 7,879 | ||||
MDC Holdings Inc. | 162,587 | 7,848 | ||||
* | LGI Homes Inc. | 71,559 | 7,732 | |||
Wolverine World Wide Inc. | 265,032 | 7,649 | ||||
Brinker International Inc. | 145,361 | 7,284 | ||||
* | Installed Building Products Inc. | 73,443 | 7,258 | |||
*,1 | iRobot Corp. | 89,943 | 7,054 | |||
* | Asbury Automotive Group Inc. | 62,224 | 7,017 | |||
Group 1 Automotive Inc. | 55,347 | 6,576 | ||||
Cooper Tire & Rubber Co. | 162,911 | 6,472 | ||||
Callaway Golf Co. | 303,739 | 6,454 | ||||
Kontoor Brands Inc. | 151,062 | 6,295 |
Shares | Market Value ($000) | |||||
* | Sleep Number Corp. | 89,438 | 6,206 | |||
* | Gentherm Inc. | 105,363 | 5,991 | |||
Big Lots Inc. | 115,155 | 5,950 | ||||
Winnebago Industries Inc. | 108,712 | 5,754 | ||||
La-Z-Boy Inc. | 148,366 | 5,495 | ||||
* | Tupperware Brands Corp. | 158,436 | 5,331 | |||
Rent-A-Center Inc. | 156,285 | 5,286 | ||||
Signet Jewelers Ltd. | 168,855 | 5,115 | ||||
1 | Cheesecake Factory Inc. | 134,928 | 5,057 | |||
Monro Inc. | 107,384 | 5,048 | ||||
* | Cavco Industries Inc. | 27,537 | 4,957 | |||
Shutterstock Inc. | 71,253 | 4,899 | ||||
ODP Corp. | 169,885 | 4,871 | ||||
Core-Mark Holding Co. Inc. | 145,448 | 4,537 | ||||
Bloomin' Brands Inc. | 257,019 | 4,498 | ||||
Patrick Industries Inc. | 71,106 | 4,483 | ||||
* | Sally Beauty Holdings Inc. | 363,852 | 4,184 | |||
* | M/I Homes Inc. | 92,016 | 4,182 | |||
Abercrombie & Fitch Co. Class A | 201,243 | 4,174 | ||||
* | Century Communities Inc. | 93,555 | 4,163 | |||
Dave & Buster's Entertainment Inc. | 153,086 | 3,876 | ||||
* | Vista Outdoor Inc. | 187,285 | 3,864 | |||
* | Boot Barn Holdings Inc. | 93,086 | 3,841 | |||
Sturm Ruger & Co. Inc. | 56,448 | 3,457 | ||||
Dine Brands Global Inc. | 52,971 | 3,336 | ||||
Sonic Automotive Inc. Class A | 77,941 | 3,147 | ||||
Oxford Industries Inc. | 53,946 | 3,010 | ||||
Standard Motor Products Inc. | 64,894 | 3,004 | ||||
* | American Axle & Manufacturing Holdings Inc. | 365,443 | 2,909 | |||
*,1 | GameStop Corp. Class A | 175,501 | 2,906 | |||
* | G-III Apparel Group Ltd. | 139,516 | 2,842 | |||
* | Lumber Liquidators Holdings Inc. | 93,068 | 2,688 | |||
* | Perdoceo Education Corp. | 223,064 | 2,530 | |||
* | Zumiez Inc. | 67,272 | 2,495 | |||
Buckle Inc. | 92,450 | 2,480 | ||||
BJ's Restaurants Inc. | 71,870 | 2,374 | ||||
* | Universal Electronics Inc. | 44,937 | 2,366 | |||
* | Michaels Cos. Inc. | 237,809 | 2,352 | |||
* | MarineMax Inc. | 69,787 | 2,292 | |||
* | Monarch Casino & Resort Inc. | 41,095 | 2,269 | |||
* | Hibbett Sports Inc. | 53,367 | 2,197 | |||
* | America's Car-Mart Inc. | 20,589 | 2,152 | |||
Guess? Inc. | 121,091 | 2,033 | ||||
Children's Place Inc. | 47,073 | 2,023 | ||||
PetMed Express Inc. | 65,390 | 2,007 | ||||
* | Cooper-Standard Holdings Inc. | 54,418 | 1,846 | |||
* | Fossil Group Inc. | 150,607 | 1,596 | |||
Ruth's Hospitality Group Inc. | 102,501 | 1,596 | ||||
Haverty Furniture Cos. Inc. | 55,785 | 1,518 | ||||
* | Chuy's Holdings Inc. | 63,539 | 1,506 | |||
Designer Brands Inc. Class A | 189,651 | 1,498 | ||||
* | American Public Education Inc. | 47,757 | 1,482 | |||
Caleres Inc. | 125,098 | 1,472 | ||||
* | Genesco Inc. | 45,107 | 1,415 | |||
Ethan Allen Interiors Inc. | 70,307 | 1,285 | ||||
* | Motorcar Parts of America Inc. | 61,383 | 1,235 | |||
Shoe Carnival Inc. | 27,754 | 1,015 | ||||
* | Red Robin Gourmet Burgers Inc. | 50,163 | 1,009 |
Shares | Market Value ($000) | |||||
* | El Pollo Loco Holdings Inc. | 60,287 | 945 | |||
Movado Group Inc. | 52,719 | 893 | ||||
* | Liquidity Services Inc. | 84,582 | 804 | |||
* | Unifi Inc. | 48,214 | 730 | |||
* | Conn's Inc. | 63,686 | 706 | |||
* | Regis Corp. | 80,239 | 681 | |||
* | Fiesta Restaurant Group Inc. | 57,137 | 671 | |||
* | Vera Bradley Inc. | 71,158 | 603 | |||
Chico's FAS Inc. | 396,838 | 599 | ||||
Cato Corp. Class A | 66,611 | 537 | ||||
* | Barnes & Noble Education Inc. | 97,340 | 353 | |||
394,084 | ||||||
Consumer Staples (3.5%) | ||||||
WD-40 Co. | 44,167 | 11,232 | ||||
Medifast Inc. | 37,955 | 7,748 | ||||
J & J Snack Foods Corp. | 48,305 | 7,023 | ||||
PriceSmart Inc. | 75,459 | 6,133 | ||||
1 | B&G Foods Inc. | 206,963 | 5,731 | |||
* | Cal-Maine Foods Inc. | 119,810 | 4,688 | |||
* | Central Garden & Pet Co. Class A | 125,189 | 4,618 | |||
Vector Group Ltd. Class B | 410,410 | 4,613 | ||||
Coca-Cola Consolidated Inc. | 14,969 | 3,917 | ||||
Calavo Growers Inc. | 53,484 | 3,831 | ||||
*,1 | National Beverage Corp. | 37,602 | 3,686 | |||
Universal Corp. | 78,994 | 3,595 | ||||
Inter Parfums Inc. | 56,969 | 3,094 | ||||
* | United Natural Foods Inc. | 176,153 | 3,039 | |||
* | USANA Health Sciences Inc. | 38,644 | 2,905 | |||
Fresh Del Monte Produce Inc. | 97,728 | 2,482 | ||||
* | Chefs' Warehouse Inc. | 104,864 | 2,417 | |||
Andersons Inc. | 98,998 | 2,250 | ||||
SpartanNash Co. | 115,585 | 2,182 | ||||
John B Sanfilippo & Son Inc. | 28,456 | 2,112 | ||||
MGP Ingredients Inc. | 42,558 | 1,856 | ||||
* | Central Garden & Pet Co. | 31,395 | 1,257 | |||
* | Seneca Foods Corp. Class A | 21,668 | 908 | |||
91,317 | ||||||
Energy (3.1%) | ||||||
Helmerich & Payne Inc. | 348,809 | 7,942 | ||||
* | Renewable Energy Group Inc. | 127,156 | 7,385 | |||
* | Southwestern Energy Co. | 2,083,029 | 6,478 | |||
Range Resources Corp. | 826,007 | 6,030 | ||||
* | PDC Energy Inc. | 321,284 | 5,372 | |||
* | Matador Resources Co. | 354,273 | 3,606 | |||
Archrock Inc. | 414,184 | 3,218 | ||||
* | Dril-Quip Inc. | 113,060 | 3,213 | |||
Core Laboratories NV | 143,444 | 3,151 | ||||
Patterson-UTI Energy Inc. | 604,357 | 2,605 | ||||
PBF Energy Inc. Class A | 310,061 | 2,251 | ||||
* | SEACOR Holdings Inc. | 61,645 | 2,048 | |||
DMC Global Inc. | 47,607 | 1,945 | ||||
* | Oceaneering International Inc. | 320,165 | 1,943 | |||
* | Helix Energy Solutions Group Inc. | 454,890 | 1,710 | |||
* | Bristow Group Inc. | 76,160 | 1,695 | |||
* | Green Plains Inc. | 108,105 | 1,598 | |||
* | ProPetro Holding Corp. | 260,296 | 1,502 | |||
* | Par Pacific Holdings Inc. | 128,853 | 1,468 |
Shares | Market Value ($000) | |||||
SM Energy Co. | 339,319 | 1,435 | ||||
* | REX American Resources Corp. | 17,587 | 1,381 | |||
* | Bonanza Creek Energy Inc. | 59,812 | 1,320 | |||
QEP Resources Inc. | 779,029 | 1,254 | ||||
*,1 | Callon Petroleum Co. | 127,200 | 1,210 | |||
* | Dorian LPG Ltd. | 108,612 | 1,187 | |||
Nabors Industries Ltd. | 20,711 | 1,085 | ||||
US Silica Holdings Inc. | 237,855 | 1,027 | ||||
* | Oil States International Inc. | 197,020 | 875 | |||
* | Matrix Service Co. | 86,530 | 829 | |||
* | Talos Energy Inc. | 75,379 | 645 | |||
* | RPC Inc. | 187,145 | 580 | |||
* | CONSOL Energy Inc. | 86,180 | 456 | |||
* | Penn Virginia Corp. | 48,951 | 442 | |||
* | Laredo Petroleum Inc. | 30,720 | 363 | |||
* | Exterran Corp. | 80,122 | 340 | |||
* | Geospace Technologies Corp. | 34,425 | 214 | |||
79,803 | ||||||
Financials (16.8%) | ||||||
Kinsale Capital Group Inc. | 68,596 | 16,474 | ||||
Community Bank System Inc. | 172,993 | 10,769 | ||||
* | Trupanion Inc. | 104,667 | 10,611 | |||
* | Green Dot Corp. Class A | 172,164 | 9,221 | |||
First Hawaiian Inc. | 420,218 | 9,211 | ||||
Pacific Premier Bancorp Inc. | 305,631 | 8,808 | ||||
BankUnited Inc. | 299,286 | 8,533 | ||||
Old National Bancorp | 533,890 | 8,451 | ||||
Assured Guaranty Ltd. | 270,493 | 8,150 | ||||
CVB Financial Corp. | 411,939 | 7,823 | ||||
American Equity Investment Life Holding Co. | 296,635 | 7,796 | ||||
Ameris Bancorp | 225,216 | 7,660 | ||||
Walker & Dunlop Inc. | 93,641 | 7,492 | ||||
Columbia Banking System Inc. | 231,748 | 7,326 | ||||
Independent Bank Corp. | 106,641 | 7,213 | ||||
Simmons First National Corp. Class A | 352,904 | 6,882 | ||||
United Community Banks Inc. | 279,930 | 6,693 | ||||
Independent Bank Group Inc. | 118,017 | 6,622 | ||||
* | eHealth Inc. | 83,055 | 6,311 | |||
* | Mr Cooper Group Inc. | 234,495 | 6,252 | |||
* | PRA Group Inc. | 147,034 | 6,121 | |||
* | NMI Holdings Inc. Class A | 273,550 | 5,993 | |||
Flagstar Bancorp Inc. | 165,373 | 5,795 | ||||
ServisFirst Bancshares Inc. | 151,205 | 5,713 | ||||
Cadence Bancorp | 406,340 | 5,664 | ||||
Renasant Corp. | 182,074 | 5,621 | ||||
* | Axos Financial Inc. | 167,772 | 5,620 | |||
First Bancorp (XNYS) | 703,671 | 5,587 | ||||
PennyMac Mortgage Investment Trust | 321,703 | 5,501 | ||||
Horace Mann Educators Corp. | 133,390 | 5,325 | ||||
Capitol Federal Financial Inc. | 424,522 | 5,230 | ||||
First Midwest Bancorp Inc. | 371,300 | 5,194 | ||||
First Financial Bancorp | 317,927 | 5,103 | ||||
Northwest Bancshares Inc. | 412,245 | 4,877 | ||||
Westamerica Bancorp | 86,875 | 4,789 | ||||
Apollo Commercial Real Estate Finance Inc. | 441,241 | 4,757 | ||||
Banner Corp. | 113,414 | 4,687 | ||||
Park National Corp. | 45,753 | 4,626 | ||||
* | Palomar Holdings Inc. | 69,812 | 4,615 |
Shares | Market Value ($000) | |||||
James River Group Holdings Ltd. | 98,560 | 4,492 | ||||
* | Seacoast Banking Corp. of Florida | 170,936 | 4,318 | |||
New York Mortgage Trust Inc. | 1,218,581 | 4,283 | ||||
NBT Bancorp Inc. | 141,469 | 4,237 | ||||
Virtus Investment Partners Inc. | 23,241 | 4,157 | ||||
Piper Sandler Cos. | 44,322 | 4,085 | ||||
Eagle Bancorp Inc. | 103,955 | 3,823 | ||||
Hope Bancorp Inc. | 397,544 | 3,769 | ||||
Provident Financial Services Inc. | 235,990 | 3,698 | ||||
Meta Financial Group Inc. | 111,695 | 3,697 | ||||
Stewart Information Services Corp. | 86,229 | 3,610 | ||||
Veritex Holdings Inc. | 160,151 | 3,474 | ||||
Waddell & Reed Financial Inc. Class A | 210,213 | 3,460 | ||||
* | Encore Capital Group Inc. | 101,085 | 3,451 | |||
Brightsphere Investment Group Inc. | 193,817 | 3,431 | ||||
AMERISAFE Inc. | 62,374 | 3,414 | ||||
City Holding Co. | 51,705 | 3,397 | ||||
* | Triumph Bancorp Inc. | 73,167 | 3,325 | |||
Safety Insurance Group Inc. | 46,207 | 3,292 | ||||
BancFirst Corp. | 60,054 | 3,257 | ||||
* | StoneX Group Inc. Class B | 52,484 | 3,234 | |||
Redwood Trust Inc. | 370,806 | 3,207 | ||||
National Bank Holdings Corp. Class A | 98,600 | 3,173 | ||||
FB Financial Corp. | 99,108 | 3,164 | ||||
First Commonwealth Financial Corp. | 316,530 | 3,061 | ||||
Southside Bancshares Inc. | 101,203 | 2,975 | ||||
First Bancorp (XNGS) | 93,485 | 2,934 | ||||
Great Western Bancorp Inc. | 177,489 | 2,916 | ||||
Brookline Bancorp Inc. | 254,537 | 2,894 | ||||
Employers Holdings Inc. | 94,439 | 2,881 | ||||
S&T Bancorp Inc. | 126,536 | 2,833 | ||||
OFG Bancorp | 165,619 | 2,774 | ||||
ProAssurance Corp. | 173,860 | 2,766 | ||||
Heritage Financial Corp. | 115,833 | 2,695 | ||||
Berkshire Hills Bancorp Inc. | 162,526 | 2,665 | ||||
* | Third Point Reinsurance Ltd. | 263,449 | 2,513 | |||
Tompkins Financial Corp. | 38,968 | 2,479 | ||||
* | Enova International Inc. | 114,618 | 2,397 | |||
HomeStreet Inc. | 73,230 | 2,369 | ||||
ARMOUR Residential REIT Inc. | 208,690 | 2,208 | ||||
* | Ambac Financial Group Inc. | 147,842 | 2,164 | |||
* | Blucora Inc. | 155,015 | 2,021 | |||
1 | Invesco Mortgage Capital Inc. | 584,984 | 1,942 | |||
Allegiance Bancshares Inc. | 60,624 | 1,919 | ||||
Banc of California Inc. | 142,829 | 1,900 | ||||
Boston Private Financial Holdings Inc. | 265,115 | 1,898 | ||||
TrustCo Bank Corp. | 310,988 | 1,888 | ||||
Capstead Mortgage Corp. | 311,111 | 1,752 | ||||
Ready Capital Corp. | 132,740 | 1,718 | ||||
Northfield Bancorp Inc. | 154,222 | 1,717 | ||||
Granite Point Mortgage Trust Inc. | 178,075 | 1,649 | ||||
* | World Acceptance Corp. | 14,603 | 1,649 | |||
Preferred Bank | 43,750 | 1,609 | ||||
KKR Real Estate Finance Trust Inc. | 87,812 | 1,601 | ||||
* | Donnelley Financial Solutions Inc. | 97,123 | 1,582 | |||
* | Customers Bancorp Inc. | 93,513 | 1,579 | |||
WisdomTree Investments Inc. | 362,660 | 1,552 | ||||
United Fire Group Inc. | 69,803 | 1,527 |
Shares | Market Value ($000) | |||||
Central Pacific Financial Corp. | 90,801 | 1,488 | ||||
Dime Community Bancshares Inc. | 91,681 | 1,325 | ||||
Universal Insurance Holdings Inc. | 93,558 | 1,306 | ||||
HCI Group Inc. | 19,844 | 1,035 | ||||
Hanmi Financial Corp. | 98,834 | 964 | ||||
* | EZCORP Inc. Class A | 168,062 | 855 | |||
Greenhill & Co. Inc. | 45,890 | 597 | ||||
United Insurance Holdings Corp. | 65,427 | 290 | ||||
439,451 | ||||||
Health Care (11.8%) | ||||||
* | NeoGenomics Inc. | 357,019 | 16,987 | |||
* | Omnicell Inc. | 138,311 | 14,502 | |||
Ensign Group Inc. | 163,462 | 11,748 | ||||
* | AMN Healthcare Services Inc. | 151,554 | 9,875 | |||
* | Glaukos Corp. | 144,101 | 9,724 | |||
CONMED Corp. | 92,484 | 9,423 | ||||
* | HMS Holdings Corp. | 286,416 | 8,999 | |||
* | Merit Medical Systems Inc. | 158,031 | 8,703 | |||
* | Covetrus Inc. | 316,623 | 8,554 | |||
* | Pacira BioSciences Inc. | 138,389 | 8,385 | |||
* | Select Medical Holdings Corp. | 347,139 | 8,366 | |||
* | Xencor Inc. | 185,511 | 7,851 | |||
* | Integer Holdings Corp. | 106,348 | 7,667 | |||
* | Corcept Therapeutics Inc. | 335,497 | 7,596 | |||
* | R1 RCM Inc. | 372,799 | 7,560 | |||
* | Allscripts Healthcare Solutions Inc. | 525,768 | 7,192 | |||
* | BioTelemetry Inc. | 110,267 | 6,110 | |||
Owens & Minor Inc. | 233,959 | 6,027 | ||||
* | Magellan Health Inc. | 72,958 | 5,767 | |||
* | MEDNAX Inc. | 276,984 | 5,598 | |||
* | Providence Service Corp. | 39,419 | 5,353 | |||
* | Addus HomeCare Corp. | 47,995 | 4,763 | |||
* | Cardiovascular Systems Inc. | 127,963 | 4,410 | |||
US Physical Therapy Inc. | 41,419 | 4,399 | ||||
Mesa Laboratories Inc. | 15,635 | 4,249 | ||||
* | Myriad Genetics Inc. | 240,994 | 4,227 | |||
* | Pennant Group Inc. | 81,228 | 4,117 | |||
* | Cytokinetics Inc. | 227,422 | 3,821 | |||
* | Endo International plc | 741,304 | 3,766 | |||
* | Coherus Biosciences Inc. | 203,048 | 3,748 | |||
* | Supernus Pharmaceuticals Inc. | 169,883 | 3,618 | |||
* | Heska Corp. | 28,640 | 3,580 | |||
* | REGENXBIO Inc. | 96,347 | 3,357 | |||
Luminex Corp. | 139,087 | 3,301 | ||||
* | NextGen Healthcare Inc. | 178,525 | 3,167 | |||
* | Community Health Systems Inc. | 362,721 | 2,967 | |||
* | Lantheus Holdings Inc. | 215,532 | 2,836 | |||
* | Hanger Inc. | 122,888 | 2,788 | |||
* | OraSure Technologies Inc. | 230,813 | 2,770 | |||
Simulations Plus Inc. | 48,818 | 2,732 | ||||
* | Tactile Systems Technology Inc. | 62,621 | 2,700 | |||
* | CorVel Corp. | 29,490 | 2,641 | |||
* | Meridian Bioscience Inc. | 138,268 | 2,613 | |||
* | RadNet Inc. | 138,433 | 2,578 | |||
* | CryoLife Inc. | 122,123 | 2,543 | |||
* | Enanta Pharmaceuticals Inc. | 57,630 | 2,374 | |||
*,1 | Tabula Rasa HealthCare Inc. | 67,346 | 2,321 | |||
* | Orthofix Medical Inc. | 62,370 | 2,293 |
Shares | Market Value ($000) | |||||
* | Natus Medical Inc. | 109,261 | 2,286 | |||
* | Tivity Health Inc. | 120,611 | 2,223 | |||
* | Spectrum Pharmaceuticals Inc. | 470,129 | 2,214 | |||
* | Vanda Pharmaceuticals Inc. | 176,303 | 2,153 | |||
LeMaitre Vascular Inc. | 54,051 | 2,129 | ||||
* | Innoviva Inc. | 202,776 | 2,120 | |||
* | Varex Imaging Corp. | 126,012 | 2,102 | |||
* | Amphastar Pharmaceuticals Inc. | 117,959 | 2,095 | |||
* | Inogen Inc. | 59,089 | 2,072 | |||
* | Eagle Pharmaceuticals Inc. | 39,073 | 1,778 | |||
* | AngioDynamics Inc. | 122,215 | 1,738 | |||
* | Anika Therapeutics Inc. | 45,831 | 1,732 | |||
*,1 | Fulgent Genetics Inc. | 38,076 | 1,710 | |||
* | Surmodics Inc. | 44,007 | 1,648 | |||
* | HealthStream Inc. | 82,546 | 1,542 | |||
* | Cutera Inc. | 56,591 | 1,416 | |||
Phibro Animal Health Corp. Class A | 65,439 | 1,236 | ||||
Computer Programs & Systems Inc. | 40,996 | 1,165 | ||||
* | Cross Country Healthcare Inc. | 112,699 | 980 | |||
Invacare Corp. | 110,626 | 944 | ||||
* | ANI Pharmaceuticals Inc. | 30,626 | 905 | |||
*,1 | Zynex Inc. | 62,699 | 875 | |||
* | Lannett Co. Inc. | 110,829 | 683 | |||
308,412 | ||||||
Industrials (17.4%) | ||||||
* | Saia Inc. | 84,542 | 14,756 | |||
Exponent Inc. | 166,785 | 13,845 | ||||
* | Proto Labs Inc. | 86,342 | 11,929 | |||
* | Chart Industries Inc. | 113,646 | 11,746 | |||
John Bean Technologies Corp. | 102,585 | 11,342 | ||||
UFP Industries Inc. | 197,780 | 10,611 | ||||
Watts Water Technologies Inc. Class A | 88,727 | 10,394 | ||||
Applied Industrial Technologies Inc. | 125,248 | 9,823 | ||||
UniFirst Corp. | 49,309 | 9,116 | ||||
Hillenbrand Inc. | 241,774 | 9,059 | ||||
* | Aerojet Rocketdyne Holdings Inc. | 236,613 | 8,856 | |||
AAON Inc. | 131,864 | 8,588 | ||||
* | Resideo Technologies Inc. | 453,738 | 8,390 | |||
Franklin Electric Co. Inc. | 124,041 | 8,384 | ||||
ESCO Technologies Inc. | 84,241 | 8,331 | ||||
ABM Industries Inc. | 215,685 | 8,304 | ||||
Arcosa Inc. | 156,393 | 8,115 | ||||
Matson Inc. | 138,952 | 8,077 | ||||
Moog Inc. Class A | 97,200 | 7,519 | ||||
* | SPX Corp. | 144,670 | 7,411 | |||
* | SPX FLOW Inc. | 137,325 | 7,358 | |||
Korn Ferry | 182,097 | 7,291 | ||||
Allegiant Travel Co. | 42,084 | 7,162 | ||||
SkyWest Inc. | 162,658 | 6,983 | ||||
Barnes Group Inc. | 150,503 | 6,925 | ||||
Brady Corp. Class A | 156,742 | 6,925 | ||||
* | Gibraltar Industries Inc. | 104,976 | 6,872 | |||
Albany International Corp. Class A | 99,471 | 6,817 | ||||
Forward Air Corp. | 90,270 | 6,596 | ||||
* | Meritor Inc. | 234,162 | 6,182 | |||
Federal Signal Corp. | 194,888 | 6,047 | ||||
* | AeroVironment Inc. | 70,756 | 6,042 | |||
Mueller Industries Inc. | 183,169 | 6,001 |
Shares | Market Value ($000) | |||||
Comfort Systems USA Inc. | 118,164 | 5,954 | ||||
Cubic Corp. | 101,056 | 5,918 | ||||
* | Hub Group Inc. Class A | 108,121 | 5,906 | |||
* | Vicor Corp. | 67,662 | 5,546 | |||
* | American Woodmark Corp. | 54,812 | 4,797 | |||
* | Atlas Air Worldwide Holdings Inc. | 84,312 | 4,705 | |||
EnPro Industries Inc. | 66,169 | 4,685 | ||||
Kaman Corp. | 89,238 | 4,666 | ||||
Enerpac Tool Group Corp. | 192,795 | 4,317 | ||||
* | Harsco Corp. | 254,520 | 4,314 | |||
Alamo Group Inc. | 31,758 | 4,310 | ||||
* | GMS Inc. | 137,846 | 4,305 | |||
Astec Industries Inc. | 72,907 | 4,229 | ||||
Lindsay Corp. | 34,946 | 4,047 | ||||
Tennant Co. | 59,548 | 3,999 | ||||
AZZ Inc. | 84,483 | 3,767 | ||||
Granite Construction Inc. | 150,765 | 3,712 | ||||
* | PGT Innovations Inc. | 190,193 | 3,541 | |||
Greenbrier Cos. Inc. | 105,482 | 3,520 | ||||
Deluxe Corp. | 135,026 | 3,476 | ||||
US Ecology Inc. | 101,640 | 3,445 | ||||
ArcBest Corp. | 82,079 | 3,440 | ||||
Encore Wire Corp. | 66,543 | 3,438 | ||||
Marten Transport Ltd. | 189,324 | 3,338 | ||||
Pitney Bowes Inc. | 558,283 | 3,182 | ||||
AAR Corp. | 107,049 | 3,037 | ||||
Griffon Corp. | 144,838 | 3,020 | ||||
Wabash National Corp. | 170,662 | 3,017 | ||||
Standex International Corp. | 39,936 | 3,014 | ||||
Hawaiian Holdings Inc. | 148,416 | 3,007 | ||||
Heartland Express Inc. | 160,111 | 2,959 | ||||
Raven Industries Inc. | 115,620 | 2,916 | ||||
* | MYR Group Inc. | 53,892 | 2,756 | |||
Matthews International Corp. Class A | 100,856 | 2,696 | ||||
* | Echo Global Logistics Inc. | 85,830 | 2,437 | |||
Apogee Enterprises Inc. | 85,012 | 2,231 | ||||
* | TrueBlue Inc. | 116,340 | 2,222 | |||
Kelly Services Inc. Class A | 108,348 | 2,217 | ||||
Triumph Group Inc. | 167,992 | 2,212 | ||||
Quanex Building Products Corp. | 105,813 | 2,180 | ||||
* | CIRCOR International Inc. | 64,503 | 2,133 | |||
Viad Corp. | 65,810 | 1,972 | ||||
* | NOW Inc. | 352,852 | 1,969 | |||
* | Aegion Corp. | 99,244 | 1,702 | |||
Heidrick & Struggles International Inc. | 62,406 | 1,629 | ||||
Interface Inc. | 188,860 | 1,576 | ||||
* | Lydall Inc. | 54,390 | 1,490 | |||
* | Forrester Research Inc. | 35,392 | 1,465 | |||
Insteel Industries Inc. | 62,121 | 1,437 | ||||
National Presto Industries Inc. | 16,728 | 1,423 | ||||
* | Foundation Building Materials Inc. | 72,446 | 1,394 | |||
Resources Connection Inc. | 97,478 | 1,180 | ||||
* | DXP Enterprises Inc. | 52,702 | 1,110 | |||
* | Team Inc. | 100,071 | 872 | |||
Titan International Inc. | 161,163 | 809 | ||||
Park Aerospace Corp. | 60,487 | 770 | ||||
* | Veritiv Corp. | 39,979 | 743 | |||
Powell Industries Inc. | 28,346 | 732 |
Shares | Market Value ($000) | |||||
RR Donnelley & Sons Co. | 138,929 | 195 | ||||
452,876 | ||||||
Information Technology (14.4%) | ||||||
Brooks Automation Inc. | 237,857 | 17,361 | ||||
Power Integrations Inc. | 193,124 | 13,787 | ||||
* | Advanced Energy Industries Inc. | 123,984 | 11,960 | |||
* | SPS Commerce Inc. | 113,703 | 11,719 | |||
* | LivePerson Inc. | 199,046 | 11,628 | |||
* | Alarm.com Holdings Inc. | 144,178 | 10,945 | |||
* | Itron Inc. | 130,482 | 10,257 | |||
* | FormFactor Inc. | 249,316 | 10,222 | |||
* | Viavi Solutions Inc. | 738,954 | 10,009 | |||
* | Diodes Inc. | 135,816 | 9,230 | |||
* | ExlService Holdings Inc. | 110,561 | 9,205 | |||
* | Rogers Corp. | 60,417 | 8,876 | |||
* | Fabrinet | 118,888 | 8,121 | |||
* | Insight Enterprises Inc. | 113,487 | 8,112 | |||
* | MicroStrategy Inc. Class A | 23,357 | 8,006 | |||
Badger Meter Inc. | 94,247 | 7,770 | ||||
EVERTEC Inc. | 192,411 | 7,152 | ||||
* | Plexus Corp. | 94,663 | 7,072 | |||
* | Onto Innovation Inc. | 158,021 | 6,986 | |||
* | Sanmina Corp. | 219,367 | 6,979 | |||
ManTech International Corp. Class A | 87,579 | 6,741 | ||||
* | MaxLinear Inc. | 214,638 | 6,707 | |||
Xperi Holding Corp. | 349,931 | 6,677 | ||||
* | 8x8 Inc. | 336,255 | 6,648 | |||
Kulicke & Soffa Industries Inc. | 200,374 | 6,101 | ||||
Progress Software Corp. | 145,319 | 5,827 | ||||
* | Rambus Inc. | 368,522 | 5,793 | |||
* | Bottomline Technologies DE Inc. | 125,376 | 5,722 | |||
NIC Inc. | 216,210 | 5,067 | ||||
* | Knowles Corp. | 295,600 | 5,019 | |||
* | Perficient Inc. | 107,258 | 4,884 | |||
* | Sykes Enterprises Inc. | 129,229 | 4,863 | |||
* | OSI Systems Inc. | 54,240 | 4,779 | |||
CSG Systems International Inc. | 106,745 | 4,631 | ||||
* | Virtusa Corp. | 91,712 | 4,593 | |||
Methode Electronics Inc. | 121,063 | 4,240 | ||||
* | TTM Technologies Inc. | 320,166 | 4,181 | |||
* | Ultra Clean Holdings Inc. | 128,703 | 4,072 | |||
TTEC Holdings Inc. | 59,123 | 4,000 | ||||
Cohu Inc. | 135,046 | 3,834 | ||||
* | FARO Technologies Inc. | 57,359 | 3,793 | |||
* | ePlus Inc. | 43,720 | 3,686 | |||
*,1 | 3D Systems Corp. | 393,064 | 3,597 | |||
Plantronics Inc. | 119,603 | 3,268 | ||||
CTS Corp. | 104,093 | 3,171 | ||||
* | NETGEAR Inc. | 96,491 | 3,069 | |||
* | Unisys Corp. | 203,303 | 2,964 | |||
* | Axcelis Technologies Inc. | 107,872 | 2,910 | |||
Benchmark Electronics Inc. | 117,603 | 2,860 | ||||
* | CEVA Inc. | 71,479 | 2,808 | |||
* | Cardtronics plc Class A | 114,787 | 2,787 | |||
* | Veeco Instruments Inc. | 160,070 | 2,660 | |||
Ebix Inc. | 75,801 | 2,578 | ||||
* | Photronics Inc. | 211,687 | 2,453 | |||
* | Agilysys Inc. | 65,461 | 2,446 |
Shares | Market Value ($000) | |||||
* | Diebold Nixdorf Inc. | 250,576 | 2,373 | |||
* | Ichor Holdings Ltd. | 74,035 | 2,362 | |||
* | Extreme Networks Inc. | 394,948 | 2,220 | |||
MTS Systems Corp. | 62,183 | 2,178 | ||||
* | OneSpan Inc. | 109,344 | 2,163 | |||
* | PDF Solutions Inc. | 94,443 | 2,084 | |||
* | ScanSource Inc. | 81,801 | 2,053 | |||
* | Harmonic Inc. | 314,283 | 2,052 | |||
ADTRAN Inc. | 154,591 | 1,953 | ||||
PC Connection Inc. | 35,393 | 1,616 | ||||
* | Digi International Inc. | 93,651 | 1,607 | |||
Comtech Telecommunications Corp. | 79,734 | 1,520 | ||||
* | SMART Global Holdings Inc. | 44,375 | 1,362 | |||
* | Arlo Technologies Inc. | 252,046 | 1,326 | |||
* | DSP Group Inc. | 70,474 | 1,186 | |||
* | CalAmp Corp. | 111,857 | 1,020 | |||
* | Applied Optoelectronics Inc. | 67,599 | 562 | |||
Daktronics Inc. | 118,017 | 532 | ||||
Bel Fuse Inc. Class B | 33,500 | 491 | ||||
375,486 | ||||||
Materials (5.5%) | ||||||
Cleveland-Cliffs Inc. | 1,292,249 | 14,228 | ||||
Balchem Corp. | 104,573 | 10,843 | ||||
Quaker Chemical Corp. | 42,589 | 10,519 | ||||
HB Fuller Co. | 166,820 | 8,730 | ||||
* | Arconic Corp. | 313,098 | 8,613 | |||
Stepan Co. | 68,881 | 8,001 | ||||
* | Livent Corp. | 471,756 | 7,157 | |||
Innospec Inc. | 79,525 | 6,544 | ||||
* | Allegheny Technologies Inc. | 408,439 | 5,510 | |||
Boise Cascade Co. | 127,034 | 5,494 | ||||
Trinseo SA | 123,436 | 4,689 | ||||
Kaiser Aluminum Corp. | 50,992 | 3,976 | ||||
Materion Corp. | 65,537 | 3,821 | ||||
Carpenter Technology Corp. | 155,784 | 3,807 | ||||
* | Ferro Corp. | 265,301 | 3,796 | |||
* | GCP Applied Technologies Inc. | 155,337 | 3,649 | |||
Schweitzer-Mauduit International Inc. | 101,091 | 3,516 | ||||
Warrior Met Coal Inc. | 165,088 | 2,876 | ||||
* | Kraton Corp. | 102,782 | 2,775 | |||
Neenah Inc. | 54,187 | 2,629 | ||||
Glatfelter Corp. | 143,082 | 2,301 | ||||
Myers Industries Inc. | 115,423 | 1,961 | ||||
* | Clearwater Paper Corp. | 53,448 | 1,866 | |||
* | Koppers Holdings Inc. | 67,876 | 1,837 | |||
* | US Concrete Inc. | 51,093 | 1,813 | |||
* | Century Aluminum Co. | 161,626 | 1,640 | |||
* | AdvanSix Inc. | 90,409 | 1,607 | |||
Hawkins Inc. | 30,616 | 1,536 | ||||
* | Rayonier Advanced Materials Inc. | 204,355 | 1,322 | |||
Tredegar Corp. | 83,417 | 1,319 | ||||
American Vanguard Corp. | 85,655 | 1,299 | ||||
SunCoke Energy Inc. | 266,935 | 1,201 | ||||
Mercer International Inc. | 127,449 | 1,044 | ||||
FutureFuel Corp. | 83,217 | 998 | ||||
Haynes International Inc. | 40,351 | 855 | ||||
* | TimkenSteel Corp. | 121,997 | 575 |
Shares | Market Value ($000) | |||||
Olympic Steel Inc. | 29,188 | 433 | ||||
144,780 | ||||||
Other (0.0%)2 | ||||||
*,3 | Lantheus Holdings Inc. CVR | 276,566 | — | |||
Real Estate (8.0%) | ||||||
Agree Realty Corp. | 174,404 | 11,493 | ||||
Innovative Industrial Properties Inc. | 70,239 | 10,793 | ||||
Lexington Realty Trust | 896,365 | 9,152 | ||||
National Storage Affiliates Trust | 200,439 | 6,811 | ||||
Essential Properties Realty Trust Inc. | 328,361 | 6,744 | ||||
Uniti Group Inc. | 626,230 | 6,438 | ||||
Four Corners Property Trust Inc. | 228,142 | 6,390 | ||||
Washington REIT | 265,566 | 6,164 | ||||
Brandywine Realty Trust | 550,158 | 6,123 | ||||
CareTrust REIT Inc. | 310,272 | 6,029 | ||||
Retail Properties of America Inc. Class A | 691,057 | 5,598 | ||||
Easterly Government Properties Inc. | 257,031 | 5,567 | ||||
Xenia Hotels & Resorts Inc. | 366,833 | 5,169 | ||||
Retail Opportunity Investments Corp. | 380,362 | 4,937 | ||||
SITE Centers Corp. | 489,174 | 4,936 | ||||
DiamondRock Hospitality Co. | 643,532 | 4,839 | ||||
Global Net Lease Inc. | 288,589 | 4,817 | ||||
LTC Properties Inc. | 126,558 | 4,688 | ||||
American Assets Trust Inc. | 160,816 | 4,614 | ||||
* | Realogy Holdings Corp. | 372,374 | 4,584 | |||
Industrial Logistics Properties Trust | 210,392 | 4,572 | ||||
Acadia Realty Trust | 278,224 | 3,951 | ||||
Independence Realty Trust Inc. | 305,371 | 3,933 | ||||
Kite Realty Group Trust | 271,617 | 3,911 | ||||
Mack-Cali Realty Corp. | 277,953 | 3,797 | ||||
GEO Group Inc. | 391,434 | 3,699 | ||||
Alexander & Baldwin Inc. | 233,337 | 3,652 | ||||
Office Properties Income Trust | 155,537 | 3,554 | ||||
iStar Inc. | 242,354 | 3,417 | ||||
Diversified Healthcare Trust | 767,523 | 3,385 | ||||
St. Joe Co. | 100,688 | 3,324 | ||||
Getty Realty Corp. | 113,390 | 3,219 | ||||
NexPoint Residential Trust Inc. | 71,165 | 3,153 | ||||
Community Healthcare Trust Inc. | 68,911 | 3,112 | ||||
Safehold Inc. | 44,513 | 3,030 | ||||
Summit Hotel Properties Inc. | 340,920 | 2,963 | ||||
Investors Real Estate Trust | 41,360 | 2,870 | ||||
1 | Tanger Factory Outlet Centers Inc. | 301,484 | 2,849 | |||
* | Marcus & Millichap Inc. | 77,944 | 2,794 | |||
CoreCivic Inc. | 385,835 | 2,736 | ||||
Universal Health Realty Income Trust | 41,308 | 2,496 | ||||
Armada Hoffler Properties Inc. | 186,936 | 1,983 | ||||
RPT Realty | 261,026 | 1,913 | ||||
RE/MAX Holdings Inc. Class A | 58,469 | 1,830 | ||||
Chatham Lodging Trust | 151,469 | 1,668 | ||||
Franklin Street Properties Corp. | 311,490 | 1,445 | ||||
Urstadt Biddle Properties Inc. Class A | 96,718 | 1,358 | ||||
Saul Centers Inc. | 41,136 | 1,283 | ||||
Hersha Hospitality Trust | 119,147 | 965 | ||||
Whitestone REIT | 128,310 | 965 | ||||
209,713 |
Shares | Market Value ($000) | |||||
Utilities (1.6%) | ||||||
American States Water Co. | 119,301 | 8,807 | ||||
Avista Corp. | 219,698 | 8,243 | ||||
California Water Service Group | 159,795 | 7,907 | ||||
South Jersey Industries Inc. | 325,626 | 7,496 | ||||
Chesapeake Utilities Corp. | 53,190 | 5,532 | ||||
Northwest Natural Holding Co. | 98,518 | 4,721 | ||||
42,706 | ||||||
Total Common Stocks (Cost $2,490,484) | 2,603,158 | |||||
Coupon | ||||||
Temporary Cash Investments (2.0%) | ||||||
Money Market Fund (2.0%) | ||||||
4,5 | Vanguard Market Liquidity Fund | 0.109% | 527,905 | 52,791 | ||
Maturity Date | Face Amount ($000) | |||||
U.S. Government and Agency Obligations (0.0%) | ||||||
6 | United States Treasury Bill | 0.097% | 1/28/21 | 145 | 145 | |
6 | United States Treasury Bill | 0.116% | 2/16/21 | 354 | 354 | |
499 | ||||||
Total Temporary Cash Investments (Cost $53,280) | 53,290 | |||||
Total Investments (101.7%) (Cost $2,543,764) | 2,656,448 | |||||
Other Assets and Liabilities—Net (-1.7%) | (45,482) | |||||
Net Assets (100%) | 2,610,966 |
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 $43,799,000. |
2 | “Other” represents securities that are not classified by the fund’s benchmark index. |
3 | Security value determined using significant unobservable inputs. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $47,113,000 was received for securities on loan. |
6 | Securities with a value of $499,000 have been segregated as initial margin for open futures contracts. |
CVR—Contingent Value Rights. | |
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 Russell 2000 Index | December 2020 | 82 | 7,462 | 713 |
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.
The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2020, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 2,603,158 | — | — | 2,603,158 |
Temporary Cash Investments | 52,791 | 499 | — | 53,290 |
Total | 2,655,949 | 499 | — | 2,656,448 |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 135 | — | — | 135 |
1 | Represents variation margin on the last day of the reporting period. |