Vanguard® S&P Mid-Cap 400 Index Fund
Schedule of Investments (unaudited)
As of November 30, 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 (99.8%) | ||||||
Communication Services (1.8%) | ||||||
Cable One Inc. | 6,077 | 10,769 | ||||
New York Times Co. Class A | 205,193 | 9,747 | ||||
* | Ziff Davis Inc. | 59,152 | 6,736 | |||
* | Iridium Communications Inc. | 161,874 | 6,224 | |||
TEGNA Inc. | 271,145 | 5,355 | ||||
* | TripAdvisor Inc. | 120,858 | 3,125 | |||
* | Yelp Inc. Class A | 84,900 | 2,910 | |||
John Wiley & Sons Inc. Class A | 53,532 | 2,783 | ||||
World Wrestling Entertainment Inc. Class A | 55,417 | 2,735 | ||||
Telephone & Data Systems Inc. | 121,613 | 2,150 | ||||
52,534 | ||||||
Consumer Discretionary (15.2%) | ||||||
Williams-Sonoma Inc. | 92,204 | 17,965 | ||||
* | GameStop Corp. Class A | 76,333 | 14,977 | |||
* | Five Below Inc. | 68,696 | 13,975 | |||
* | Deckers Outdoor Corp. | 33,933 | 13,756 | |||
Service Corp. International | 205,563 | 13,600 | ||||
* | Crocs Inc. | 76,514 | 12,550 | |||
Lear Corp. | 73,293 | 12,298 | ||||
* | RH | 20,903 | 12,190 | |||
* | Capri Holdings Ltd. | 186,662 | 11,054 | |||
* | TopBuild Corp. | 40,427 | 10,907 | |||
Lithia Motors Inc. Class A | 37,102 | 10,809 | ||||
Tempur Sealy International Inc. | 241,274 | 10,336 | ||||
Gentex Corp. | 293,428 | 10,103 | ||||
* | YETI Holdings Inc. | 107,364 | 9,895 | |||
Kohl's Corp. | 191,770 | 9,824 | ||||
Churchill Downs Inc. | 42,570 | 9,545 | ||||
Dick's Sporting Goods Inc. | 80,466 | 9,460 | ||||
Wyndham Hotels & Resorts Inc. | 114,812 | 9,125 | ||||
* | Mattel Inc. | 428,365 | 9,086 | |||
* | Fox Factory Holding Corp. | 51,670 | 9,082 | |||
Toll Brothers Inc. | 142,331 | 9,034 | ||||
Brunswick Corp. | 95,145 | 8,935 | ||||
Marriott Vacations Worldwide Corp. | 52,396 | 7,998 | ||||
Polaris Inc. | 69,913 | 7,816 | ||||
* | Scientific Games Corp. | 118,329 | 7,564 | |||
* | Skechers U.S.A. Inc. Class A | 165,571 | 7,437 | |||
Thor Industries Inc. | 67,938 | 7,182 | ||||
* | Helen of Troy Ltd. | 29,563 | 7,110 | |||
Texas Roadhouse Inc. Class A | 85,695 | 7,108 |
Shares | Market Value ($000) | |||||
* | Goodyear Tire & Rubber Co. | 344,789 | 6,934 | |||
Harley-Davidson Inc. | 188,780 | 6,915 | ||||
* | AutoNation Inc. | 53,576 | 6,635 | |||
* | Boyd Gaming Corp. | 100,520 | 5,891 | |||
Wingstop Inc. | 36,483 | 5,859 | ||||
Choice Hotels International Inc. | 40,288 | 5,783 | ||||
Carter's Inc. | 53,988 | 5,454 | ||||
Travel + Leisure Co. | 105,857 | 5,210 | ||||
H&R Block Inc. | 218,294 | 5,169 | ||||
Murphy USA Inc. | 29,150 | 5,053 | ||||
Foot Locker Inc. | 110,595 | 5,048 | ||||
* | Victoria's Secret & Co. | 92,054 | 4,997 | |||
* | Adient plc | 115,523 | 4,904 | |||
Papa John's International Inc. | 39,891 | 4,863 | ||||
American Eagle Outfitters Inc. | 187,073 | 4,843 | ||||
* | Taylor Morrison Home Corp. Class A | 153,800 | 4,777 | |||
* | Ollie's Bargain Outlet Holdings Inc. | 74,449 | 4,608 | |||
Wendy's Co. | 218,785 | 4,503 | ||||
KB Home | 110,410 | 4,415 | ||||
Columbia Sportswear Co. | 42,928 | 4,187 | ||||
* | Grand Canyon Education Inc. | 55,453 | 4,019 | |||
* | Callaway Golf Co. | 143,819 | 3,877 | |||
Dana Inc. | 178,293 | 3,833 | ||||
* | Visteon Corp. | 34,354 | 3,639 | |||
Cracker Barrel Old Country Store Inc. | 29,129 | 3,554 | ||||
* | Tri Pointe Homes Inc. | 139,366 | 3,480 | |||
* | Six Flags Entertainment Corp. | 94,880 | 3,470 | |||
* | Nordstrom Inc. | 136,561 | 2,891 | |||
Graham Holdings Co. Class B | 4,946 | 2,802 | ||||
* | Urban Outfitters Inc. | 81,052 | 2,567 | |||
Jack in the Box Inc. | 26,659 | 2,202 | ||||
443,103 | ||||||
Consumer Staples (3.4%) | ||||||
* | Darling Ingredients Inc. | 198,900 | 13,430 | |||
* | BJ's Wholesale Club Holdings Inc. | 168,381 | 11,138 | |||
Casey's General Stores Inc. | 45,455 | 8,831 | ||||
Ingredion Inc. | 82,212 | 7,656 | ||||
* | Performance Food Group Co. | 188,597 | 7,602 | |||
* | Post Holdings Inc. | 71,902 | 6,946 | |||
Flowers Foods Inc. | 244,323 | 6,308 | ||||
* | Boston Beer Co. Inc. Class A | 11,512 | 5,194 | |||
Sanderson Farms Inc. | 26,040 | 4,890 | ||||
* | Hain Celestial Group Inc. | 115,473 | 4,553 | |||
* | Coty Inc. Class A | 410,740 | 3,997 | |||
* | Sprouts Farmers Market Inc. | 140,175 | 3,709 | |||
Lancaster Colony Corp. | 24,335 | 3,558 | ||||
* | Grocery Outlet Holding Corp. | 107,154 | 3,103 | |||
Energizer Holdings Inc. | 77,352 | 2,877 | ||||
Nu Skin Enterprises Inc. Class A | 61,682 | 2,707 | ||||
* | Pilgrim's Pride Corp. | 60,006 | 1,685 | |||
Tootsie Roll Industries Inc. | 21,431 | 674 | ||||
98,858 | ||||||
Energy (2.1%) | ||||||
Targa Resources Corp. | 280,594 | 14,487 | ||||
* | EQT Corp. | 371,109 | 7,211 | |||
HollyFrontier Corp. | 183,381 | 5,927 | ||||
* | NOV Inc. | 479,235 | 5,712 |
Shares | Market Value ($000) | |||||
DT Midstream Inc. | 118,787 | 5,449 | ||||
* | ChampionX Corp. | 247,784 | 5,057 | |||
Equitrans Midstream Corp. | 499,177 | 4,802 | ||||
Murphy Oil Corp. | 178,157 | 4,735 | ||||
Antero Midstream Corp. | 398,608 | 3,871 | ||||
* | CNX Resources Corp. | 267,538 | 3,649 | |||
60,900 | ||||||
Financials (14.9%) | ||||||
Signature Bank | 74,422 | 22,498 | ||||
FactSet Research Systems Inc. | 46,368 | 21,727 | ||||
East West Bancorp Inc. | 174,088 | 13,405 | ||||
* | Alleghany Corp. | 17,033 | 11,018 | |||
First Horizon Corp. | 673,759 | 10,868 | ||||
American Financial Group Inc. | 81,160 | 10,844 | ||||
First American Financial Corp. | 134,947 | 10,010 | ||||
Stifel Financial Corp. | 128,661 | 9,136 | ||||
Jefferies Financial Group Inc. | 242,680 | 9,120 | ||||
Commerce Bancshares Inc. | 130,430 | 9,104 | ||||
Janus Henderson Group plc | 211,601 | 9,042 | ||||
Pinnacle Financial Partners Inc. | 93,422 | 8,913 | ||||
RenaissanceRe Holdings Ltd. | 57,813 | 8,910 | ||||
Cullen/Frost Bankers Inc. | 69,513 | 8,751 | ||||
Affiliated Managers Group Inc. | 50,562 | 8,602 | ||||
Old Republic International Corp. | 348,900 | 8,360 | ||||
Synovus Financial Corp. | 179,796 | 8,143 | ||||
Prosperity Bancshares Inc. | 114,026 | 8,128 | ||||
Reinsurance Group of America Inc. | 83,484 | 7,923 | ||||
Interactive Brokers Group Inc. Class A | 107,199 | 7,913 | ||||
First Financial Bankshares Inc. | 157,229 | 7,849 | ||||
SEI Investments Co. | 131,608 | 7,848 | ||||
Glacier Bancorp Inc. | 132,957 | 7,220 | ||||
Primerica Inc. | 48,430 | 7,126 | ||||
Cadence Bank | 240,494 | 7,027 | ||||
New York Community Bancorp Inc. | 570,793 | 6,838 | ||||
Evercore Inc. Class A | 48,669 | 6,750 | ||||
Valley National Bancorp | 498,890 | 6,705 | ||||
Bank OZK | 149,470 | 6,683 | ||||
SLM Corp. | 375,247 | 6,672 | ||||
PacWest Bancorp | 143,830 | 6,435 | ||||
Wintrust Financial Corp. | 69,985 | 6,126 | ||||
Webster Financial Corp. | 111,157 | 5,990 | ||||
CIT Group Inc. | 121,606 | 5,966 | ||||
MGIC Investment Corp. | 416,384 | 5,871 | ||||
Sterling Bancorp | 236,431 | 5,866 | ||||
Unum Group | 250,749 | 5,792 | ||||
Essent Group Ltd. | 137,272 | 5,708 | ||||
United Bankshares Inc. | 158,492 | 5,663 | ||||
Selective Insurance Group Inc. | 73,707 | 5,568 | ||||
Kinsale Capital Group Inc. | 26,309 | 5,472 | ||||
Hanover Insurance Group Inc. | 43,778 | 5,330 | ||||
UMB Financial Corp. | 52,824 | 5,313 | ||||
Umpqua Holdings Corp. | 270,199 | 5,150 | ||||
Hancock Whitney Corp. | 106,632 | 5,095 | ||||
RLI Corp. | 48,868 | 5,023 | ||||
* | Brighthouse Financial Inc. | 102,063 | 4,961 | |||
FNB Corp. | 391,726 | 4,568 | ||||
Home BancShares Inc. | 185,327 | 4,435 | ||||
Associated Banc-Corp | 187,465 | 4,105 |
Shares | Market Value ($000) | |||||
Navient Corp. | 206,062 | 4,066 | ||||
Kemper Corp. | 73,334 | 4,057 | ||||
Federated Hermes Inc. Class B | 119,766 | 4,037 | ||||
Cathay General Bancorp | 95,946 | 4,021 | ||||
Bank of Hawaii Corp. | 49,686 | 3,964 | ||||
*,1 | PROG Holdings Inc. | 81,644 | 3,684 | |||
CNO Financial Group Inc. | 156,842 | 3,554 | ||||
* | Texas Capital Bancshares Inc. | 62,126 | 3,499 | |||
FirstCash Inc. | 49,662 | 3,170 | ||||
Fulton Financial Corp. | 199,726 | 3,154 | ||||
International Bancshares Corp. | 65,496 | 2,751 | ||||
Washington Federal Inc. | 83,517 | 2,713 | ||||
Mercury General Corp. | 32,728 | 1,670 | ||||
435,910 | ||||||
Health Care (9.7%) | ||||||
* | Molina Healthcare Inc. | 71,676 | 20,441 | |||
* | Repligen Corp. | 62,757 | 17,980 | |||
* | Masimo Corp. | 62,172 | 17,291 | |||
Hill-Rom Holdings Inc. | 80,731 | 12,554 | ||||
* | Syneos Health Inc. | 127,063 | 12,345 | |||
* | United Therapeutics Corp. | 55,124 | 10,446 | |||
* | Penumbra Inc. | 42,222 | 10,372 | |||
* | Tandem Diabetes Care Inc. | 77,388 | 9,946 | |||
* | Neurocrine Biosciences Inc. | 116,083 | 9,664 | |||
* | Tenet Healthcare Corp. | 131,395 | 9,575 | |||
* | Jazz Pharmaceuticals plc | 75,082 | 9,000 | |||
Chemed Corp. | 19,306 | 8,987 | ||||
* | Arrowhead Pharmaceuticals Inc. | 127,948 | 8,963 | |||
* | Envista Holdings Corp. | 197,896 | 7,678 | |||
* | Medpace Holdings Inc. | 35,159 | 7,292 | |||
Encompass Health Corp. | 122,128 | 7,037 | ||||
* | Quidel Corp. | 46,474 | 6,858 | |||
* | Exelixis Inc. | 386,664 | 6,492 | |||
* | Acadia Healthcare Co. Inc. | 110,246 | 6,192 | |||
Perrigo Co. plc | 164,084 | 6,024 | ||||
* | Globus Medical Inc. Class A | 96,079 | 6,016 | |||
* | Halozyme Therapeutics Inc. | 174,623 | 5,742 | |||
* | Integra LifeSciences Holdings Corp. | 89,216 | 5,705 | |||
* | HealthEquity Inc. | 102,320 | 5,595 | |||
* | Amedisys Inc. | 40,041 | 5,592 | |||
* | STAAR Surgical Co. | 58,155 | 5,536 | |||
* | ICU Medical Inc. | 24,451 | 5,531 | |||
* | Neogen Corp. | 131,799 | 5,289 | |||
* | LivaNova plc | 65,242 | 5,230 | |||
* | LHC Group Inc. | 38,836 | 4,455 | |||
* | Option Care Health Inc. | 170,049 | 4,304 | |||
* | Progyny Inc. | 84,523 | 4,291 | |||
* | R1 RCM Inc. | 164,350 | 3,915 | |||
Patterson Cos. Inc. | 105,857 | 3,331 | ||||
* | Haemonetics Corp. | 62,556 | 3,206 | |||
* | NuVasive Inc. | 63,436 | 3,049 | |||
* | Nektar Therapeutics | 225,496 | 2,539 | |||
* | Emergent BioSolutions Inc. | 92 | 4 | |||
284,467 | ||||||
Industrials (19.1%) | ||||||
* | Trex Co. Inc. | 141,531 | 18,791 | |||
* | Builders FirstSource Inc. | 254,277 | 17,657 |
Shares | Market Value ($000) | |||||
Nordson Corp. | 66,342 | 16,863 | ||||
* | Avis Budget Group Inc. | 57,983 | 15,922 | |||
Graco Inc. | 208,301 | 15,183 | ||||
Carlisle Cos. Inc. | 63,958 | 14,403 | ||||
* | Axon Enterprise Inc. | 80,592 | 13,603 | |||
Toro Co. | 131,340 | 13,208 | ||||
Regal Rexnord Corp. | 83,058 | 13,131 | ||||
Hubbell Inc. Class B | 66,716 | 13,056 | ||||
Lennox International Inc. | 41,946 | 12,962 | ||||
Tetra Tech Inc. | 66,395 | 12,262 | ||||
* | AECOM | 176,697 | 12,181 | |||
* | Middleby Corp. | 68,227 | 11,918 | |||
Watsco Inc. | 40,441 | 11,837 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 203,814 | 11,668 | ||||
* | Sunrun Inc. | 252,671 | 11,633 | |||
* | GXO Logistics Inc. | 121,040 | 11,626 | |||
Owens Corning | 126,487 | 10,731 | ||||
* | Saia Inc. | 32,320 | 10,704 | |||
ITT Inc. | 105,713 | 9,998 | ||||
Lincoln Electric Holdings Inc. | 72,926 | 9,842 | ||||
Oshkosh Corp. | 84,268 | 9,067 | ||||
Acuity Brands Inc. | 43,828 | 8,825 | ||||
* | XPO Logistics Inc. | 121,043 | 8,768 | |||
Donaldson Co. Inc. | 154,182 | 8,700 | ||||
AGCO Corp. | 75,863 | 8,361 | ||||
Woodward Inc. | 78,089 | 8,262 | ||||
* | IAA Inc. | 165,498 | 7,994 | |||
Landstar System Inc. | 46,972 | 7,917 | ||||
* | ASGN Inc. | 64,916 | 7,899 | |||
EMCOR Group Inc. | 65,963 | 7,872 | ||||
KBR Inc. | 172,753 | 7,601 | ||||
* | CACI International Inc. Class A | 28,895 | 7,496 | |||
* | Colfax Corp. | 158,972 | 7,383 | |||
nVent Electric plc | 206,275 | 7,185 | ||||
* | MasTec Inc. | 70,194 | 6,470 | |||
MSA Safety Inc. | 44,714 | 6,408 | ||||
* | Stericycle Inc. | 112,723 | 6,369 | |||
Curtiss-Wright Corp. | 50,169 | 6,312 | ||||
* | Clean Harbors Inc. | 61,413 | 6,230 | |||
Valmont Industries Inc. | 26,019 | 6,219 | ||||
* | FTI Consulting Inc. | 42,078 | 6,147 | |||
Simpson Manufacturing Co. Inc. | 53,279 | 6,146 | ||||
ManpowerGroup Inc. | 66,537 | 5,964 | ||||
Science Applications International Corp. | 71,092 | 5,964 | ||||
Crane Co. | 61,141 | 5,903 | ||||
Timken Co. | 85,136 | 5,605 | ||||
Ryder System Inc. | 65,967 | 5,481 | ||||
* | Univar Solutions Inc. | 209,584 | 5,430 | |||
* | Hexcel Corp. | 102,858 | 5,285 | |||
* | JetBlue Airways Corp. | 389,931 | 5,233 | |||
Insperity Inc. | 44,076 | 5,101 | ||||
Flowserve Corp. | 159,802 | 4,791 | ||||
MSC Industrial Direct Co. Inc. Class A | 57,686 | 4,540 | ||||
GATX Corp. | 43,581 | 4,293 | ||||
EnerSys | 52,187 | 3,867 | ||||
* | Kirby Corp. | 73,802 | 3,854 | |||
* | Fluor Corp. | 173,919 | 3,845 | |||
Brink's Co. | 61,128 | 3,739 |
Shares | Market Value ($000) | |||||
Terex Corp. | 85,698 | 3,632 | ||||
Kennametal Inc. | 102,651 | 3,631 | ||||
* | Dycom Industries Inc. | 37,852 | 3,538 | |||
MillerKnoll Inc. | 92,449 | 3,508 | ||||
Werner Enterprises Inc. | 75,884 | 3,423 | ||||
* | Mercury Systems Inc. | 68,946 | 3,375 | |||
Trinity Industries Inc. | 102,395 | 2,713 | ||||
* | KAR Auction Services Inc. | 146,601 | 2,198 | |||
557,723 | ||||||
Information Technology (14.3%) | ||||||
* | SolarEdge Technologies Inc. | 64,148 | 21,025 | |||
* | Wolfspeed Inc. | 141,667 | 17,371 | |||
Cognex Corp. | 216,865 | 16,753 | ||||
* | Lattice Semiconductor Corp. | 167,475 | 12,716 | |||
* | First Solar Inc. | 121,309 | 12,568 | |||
* | Fair Isaac Corp. | 34,834 | 12,301 | |||
* | Synaptics Inc. | 43,201 | 12,193 | |||
* | Paylocity Holding Corp. | 48,239 | 12,173 | |||
* | Manhattan Associates Inc. | 77,782 | 12,146 | |||
* | Aspen Technology Inc. | 83,308 | 12,082 | |||
* | Ciena Corp. | 190,017 | 11,445 | |||
* | Arrow Electronics Inc. | 88,179 | 10,727 | |||
Jabil Inc. | 179,059 | 10,468 | ||||
MKS Instruments Inc. | 68,080 | 10,359 | ||||
Azenta Inc. | 91,222 | 10,317 | ||||
Genpact Ltd. | 212,066 | 10,236 | ||||
* | Silicon Laboratories Inc. | 49,837 | 9,781 | |||
Littelfuse Inc. | 30,221 | 9,020 | ||||
Concentrix Corp. | 52,569 | 8,726 | ||||
* | Lumentum Holdings Inc. | 93,150 | 8,083 | |||
* | II-VI Inc. | 128,719 | 8,049 | |||
* | Coherent Inc. | 30,102 | 7,794 | |||
Universal Display Corp. | 53,199 | 7,610 | ||||
* | WEX Inc. | 55,012 | 6,955 | |||
* | Semtech Corp. | 79,651 | 6,824 | |||
National Instruments Corp. | 163,151 | 6,774 | ||||
Vontier Corp. | 207,255 | 6,531 | ||||
* | NCR Corp. | 161,216 | 6,271 | |||
* | Mimecast Ltd. | 74,960 | 6,072 | |||
* | Sailpoint Technologies Holdings Inc. | 113,991 | 5,995 | |||
* | Teradata Corp. | 133,886 | 5,813 | |||
CDK Global Inc. | 149,385 | 5,772 | ||||
* | Digital Turbine Inc. | 107,331 | 5,695 | |||
Maximus Inc. | 75,409 | 5,690 | ||||
* | Cirrus Logic Inc. | 70,636 | 5,664 | |||
* | SiTime Corp. | 18,148 | 5,417 | |||
* | Qualys Inc. | 41,064 | 5,350 | |||
TD SYNNEX Corp. | 51,001 | 5,277 | ||||
* | Envestnet Inc. | 66,851 | 5,125 | |||
CMC Materials Inc. | 35,868 | 4,763 | ||||
Avnet Inc. | 122,134 | 4,430 | ||||
* | ACI Worldwide Inc. | 144,206 | 4,202 | |||
Alliance Data Systems Corp. | 61,020 | 4,159 | ||||
* | Viasat Inc. | 89,908 | 3,982 | |||
* | LiveRamp Holdings Inc. | 83,390 | 3,913 | |||
* | Blackbaud Inc. | 51,612 | 3,895 | |||
* | CommVault Systems Inc. | 56,324 | 3,542 | |||
* | Cerence Inc. | 46,581 | 3,502 |
Shares | Market Value ($000) | |||||
* | Kyndryl Holdings Inc. | 219,557 | 3,469 | |||
Belden Inc. | 55,068 | 3,396 | ||||
Vishay Intertechnology Inc. | 162,473 | 3,310 | ||||
Xerox Holdings Corp. | 168,696 | 3,107 | ||||
* | Sabre Corp. | 395,911 | 2,981 | |||
* | SunPower Corp. | 102,014 | 2,923 | |||
Amkor Technology Inc. | 123,003 | 2,652 | ||||
417,394 | ||||||
Materials (6.0%) | ||||||
RPM International Inc. | 159,232 | 14,496 | ||||
Steel Dynamics Inc. | 237,896 | 14,226 | ||||
Reliance Steel & Aluminum Co. | 77,953 | 11,586 | ||||
* | Cleveland-Cliffs Inc. | 557,975 | 11,355 | |||
AptarGroup Inc. | 80,983 | 9,685 | ||||
Olin Corp. | 177,314 | 9,637 | ||||
Royal Gold Inc. | 80,472 | 8,050 | ||||
Eagle Materials Inc. | 51,393 | 7,926 | ||||
Louisiana-Pacific Corp. | 116,837 | 7,635 | ||||
Valvoline Inc. | 221,823 | 7,558 | ||||
United States Steel Corp. | 331,470 | 7,495 | ||||
Scotts Miracle-Gro Co. | 49,994 | 7,244 | ||||
Sonoco Products Co. | 120,658 | 7,014 | ||||
Ashland Global Holdings Inc. | 69,298 | 7,004 | ||||
Avient Corp. | 112,006 | 6,161 | ||||
Chemours Co. | 202,584 | 6,017 | ||||
Sensient Technologies Corp. | 51,746 | 5,034 | ||||
Commercial Metals Co. | 148,010 | 4,573 | ||||
Silgan Holdings Inc. | 103,029 | 4,273 | ||||
Cabot Corp. | 69,630 | 3,654 | ||||
* | Ingevity Corp. | 48,510 | 3,488 | |||
NewMarket Corp. | 8,872 | 2,939 | ||||
Minerals Technologies Inc. | 41,125 | 2,701 | ||||
Compass Minerals International Inc. | 41,858 | 2,036 | ||||
Greif Inc. Class A | 32,477 | 1,971 | ||||
Worthington Industries Inc. | 40,728 | 1,954 | ||||
175,712 | ||||||
Real Estate (10.2%) | ||||||
Camden Property Trust | 123,446 | 20,395 | ||||
Medical Properties Trust Inc. | 731,011 | 15,563 | ||||
* | Jones Lang LaSalle Inc. | 62,232 | 14,619 | |||
CyrusOne Inc. | 152,137 | 13,543 | ||||
Life Storage Inc. | 96,166 | 12,707 | ||||
Rexford Industrial Realty Inc. | 169,122 | 11,852 | ||||
Lamar Advertising Co. Class A | 106,427 | 11,628 | ||||
EastGroup Properties Inc. | 49,582 | 10,100 | ||||
STORE Capital Corp. | 300,247 | 9,890 | ||||
Apartment Income REIT Corp. | 192,703 | 9,782 | ||||
First Industrial Realty Trust Inc. | 158,508 | 9,576 | ||||
National Retail Properties Inc. | 215,611 | 9,508 | ||||
CoreSite Realty Corp. | 54,249 | 9,279 | ||||
American Campus Communities Inc. | 170,770 | 8,836 | ||||
Kilroy Realty Corp. | 128,621 | 8,300 | ||||
Brixmor Property Group Inc. | 364,392 | 8,286 | ||||
Omega Healthcare Investors Inc. | 293,262 | 8,194 | ||||
Douglas Emmett Inc. | 215,318 | 7,056 | ||||
Cousins Properties Inc. | 182,435 | 6,889 | ||||
Rayonier Inc. | 173,392 | 6,549 |
Shares | Market Value ($000) | |||||
Spirit Realty Capital Inc. | 146,135 | 6,512 | ||||
National Storage Affiliates Trust | 100,026 | 6,140 | ||||
SL Green Realty Corp. | 82,389 | 5,720 | ||||
Healthcare Realty Trust Inc. | 178,555 | 5,592 | ||||
Highwoods Properties Inc. | 127,845 | 5,523 | ||||
Kite Realty Group Trust | 267,979 | 5,392 | ||||
Macerich Co. | 261,538 | 4,933 | ||||
* | Park Hotels & Resorts Inc. | 290,069 | 4,827 | |||
Physicians Realty Trust | 266,870 | 4,758 | ||||
Hudson Pacific Properties Inc. | 186,993 | 4,551 | ||||
PotlatchDeltic Corp. | 82,312 | 4,456 | ||||
PS Business Parks Inc. | 24,688 | 4,325 | ||||
EPR Properties | 91,695 | 4,229 | ||||
JBG SMITH Properties | 142,540 | 3,961 | ||||
Corporate Office Properties Trust | 137,900 | 3,539 | ||||
Sabra Health Care REIT Inc. | 271,084 | 3,505 | ||||
Pebblebrook Hotel Trust | 161,303 | 3,379 | ||||
Urban Edge Properties | 135,175 | 2,329 | ||||
296,223 | ||||||
Utilities (3.1%) | ||||||
Essential Utilities Inc. | 274,364 | 12,969 | ||||
UGI Corp. | 256,463 | 10,579 | ||||
OGE Energy Corp. | 245,728 | 8,433 | ||||
MDU Resources Group Inc. | 248,425 | 6,765 | ||||
IDACORP Inc. | 61,977 | 6,484 | ||||
National Fuel Gas Co. | 111,885 | 6,468 | ||||
PNM Resources Inc. | 105,224 | 5,181 | ||||
Hawaiian Electric Industries Inc. | 134,062 | 5,093 | ||||
Black Hills Corp. | 77,931 | 4,997 | ||||
Southwest Gas Holdings Inc. | 72,479 | 4,770 | ||||
New Jersey Resources Corp. | 118,391 | 4,355 | ||||
ONE Gas Inc. | 65,675 | 4,258 | ||||
Spire Inc. | 63,452 | 3,798 | ||||
ALLETE Inc. | 64,170 | 3,762 | ||||
NorthWestern Corp. | 63,300 | 3,501 | ||||
91,413 | ||||||
Total Common Stocks (Cost $2,217,776) | 2,914,237 | |||||
Coupon | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $8,078) | 0.077% | 80,781 | 8,079 | ||
Total Investments (100.1%) (Cost $2,225,854) | 2,922,316 | |||||
Other Assets and Liabilities—Net (-0.1%) | (3,508) | |||||
Net Assets (100%) | 2,918,808 |
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 $2,256,000. |
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 $2,400,000 was received for securities on loan. |
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 2021 | 17 | 4,601 | (283) |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At November 30, 2021, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.