Vanguard® S&P Mid-Cap 400 Growth 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 (2.6%) | ||||||
Cable One Inc. | 4,750 | 8,417 | ||||
New York Times Co. Class A | 160,291 | 7,614 | ||||
* | Ziff Davis Inc. | 29,132 | 3,317 | |||
* | Iridium Communications Inc. | 77,211 | 2,969 | |||
TEGNA Inc. | 84,824 | 1,675 | ||||
World Wrestling Entertainment Inc. Class A | 25,101 | 1,239 | ||||
* | Yelp Inc. Class A | 33,800 | 1,159 | |||
* | TripAdvisor Inc. | 34,902 | 902 | |||
27,292 | ||||||
Consumer Discretionary (17.5%) | ||||||
Williams-Sonoma Inc. | 72,059 | 14,040 | ||||
* | Five Below Inc. | 53,713 | 10,927 | |||
* | Deckers Outdoor Corp. | 26,537 | 10,758 | |||
* | Crocs Inc. | 59,846 | 9,816 | |||
* | RH | 16,340 | 9,529 | |||
* | TopBuild Corp. | 31,592 | 8,523 | |||
Lithia Motors Inc. Class A | 29,019 | 8,454 | ||||
Tempur Sealy International Inc. | 188,490 | 8,075 | ||||
* | YETI Holdings Inc. | 83,877 | 7,730 | |||
Churchill Downs Inc. | 33,256 | 7,457 | ||||
* | Mattel Inc. | 334,754 | 7,100 | |||
* | Fox Factory Holding Corp. | 40,389 | 7,099 | |||
Service Corp. International | 96,451 | 6,381 | ||||
* | Helen of Troy Ltd. | 23,118 | 5,560 | |||
Texas Roadhouse Inc. Class A | 66,990 | 5,556 | ||||
* | GameStop Corp. Class A | 28,052 | 5,504 | |||
Wingstop Inc. | 28,534 | 4,583 | ||||
Gentex Corp. | 132,956 | 4,578 | ||||
Wyndham Hotels & Resorts Inc. | 48,448 | 3,851 | ||||
Brunswick Corp. | 40,888 | 3,840 | ||||
Papa John's International Inc. | 31,217 | 3,806 | ||||
* | Ollie's Bargain Outlet Holdings Inc. | 58,249 | 3,605 | |||
Wendy's Co. | 170,984 | 3,519 | ||||
* | Scientific Games Corp. | 53,621 | 3,427 | |||
Toll Brothers Inc. | 48,953 | 3,107 | ||||
Polaris Inc. | 25,678 | 2,871 | ||||
* | Boyd Gaming Corp. | 42,441 | 2,488 | |||
Choice Hotels International Inc. | 16,685 | 2,395 | ||||
* | Victoria's Secret & Co. | 40,342 | 2,190 | |||
* | Callaway Golf Co. | 65,179 | 1,757 | |||
Jack in the Box Inc. | 20,794 | 1,718 |
Shares | Market Value ($000) | |||||
Travel + Leisure Co. | 32,289 | 1,589 | ||||
Columbia Sportswear Co. | 14,075 | 1,373 | ||||
* | Visteon Corp. | 12,870 | 1,363 | |||
* | Grand Canyon Education Inc. | 16,026 | 1,161 | |||
* | Six Flags Entertainment Corp. | 28,147 | 1,029 | |||
186,759 | ||||||
Consumer Staples (2.5%) | ||||||
* | Darling Ingredients Inc. | 155,469 | 10,497 | |||
* | Boston Beer Co. Inc. Class A | 9,006 | 4,063 | |||
Casey's General Stores Inc. | 13,499 | 2,623 | ||||
* | Hain Celestial Group Inc. | 55,961 | 2,206 | |||
Flowers Foods Inc. | 74,468 | 1,923 | ||||
Lancaster Colony Corp. | 11,034 | 1,613 | ||||
* | Grocery Outlet Holding Corp. | 51,827 | 1,501 | |||
Nu Skin Enterprises Inc. Class A | 26,405 | 1,158 | ||||
Energizer Holdings Inc. | 28,440 | 1,058 | ||||
Tootsie Roll Industries Inc. | 6,890 | 217 | ||||
26,859 | ||||||
Energy (1.3%) | ||||||
Antero Midstream Corp. | 311,514 | 3,025 | ||||
* | CNX Resources Corp. | 209,100 | 2,852 | |||
Targa Resources Corp. | 50,456 | 2,605 | ||||
* | EQT Corp. | 110,091 | 2,139 | |||
Equitrans Midstream Corp. | 175,518 | 1,689 | ||||
* | ChampionX Corp. | 79,380 | 1,620 | |||
13,930 | ||||||
Financials (7.7%) | ||||||
FactSet Research Systems Inc. | 36,241 | 16,981 | ||||
Interactive Brokers Group Inc. Class A | 83,792 | 6,186 | ||||
Signature Bank | 20,360 | 6,155 | ||||
Primerica Inc. | 37,864 | 5,572 | ||||
SLM Corp. | 293,384 | 5,216 | ||||
Kinsale Capital Group Inc. | 20,567 | 4,278 | ||||
RenaissanceRe Holdings Ltd. | 25,759 | 3,970 | ||||
First Financial Bankshares Inc. | 78,688 | 3,928 | ||||
* | Brighthouse Financial Inc. | 79,744 | 3,876 | |||
Commerce Bancshares Inc. | 48,966 | 3,418 | ||||
Evercore Inc. Class A | 23,969 | 3,324 | ||||
SEI Investments Co. | 52,457 | 3,128 | ||||
Stifel Financial Corp. | 42,225 | 2,998 | ||||
Glacier Bancorp Inc. | 51,901 | 2,818 | ||||
RLI Corp. | 22,526 | 2,315 | ||||
Essent Group Ltd. | 53,671 | 2,232 | ||||
Umpqua Holdings Corp. | 90,815 | 1,731 | ||||
PacWest Bancorp | 31,465 | 1,408 | ||||
*,1 | PROG Holdings Inc. | 29,311 | 1,323 | |||
Federated Hermes Inc. Class B | 38,324 | 1,292 | ||||
82,149 | ||||||
Health Care (14.7%) | ||||||
* | Repligen Corp. | 49,045 | 14,051 | |||
* | Masimo Corp. | 48,588 | 13,513 | |||
* | Syneos Health Inc. | 99,263 | 9,644 | |||
* | Molina Healthcare Inc. | 30,251 | 8,627 | |||
* | Penumbra Inc. | 32,986 | 8,103 | |||
* | Neurocrine Biosciences Inc. | 90,789 | 7,558 | |||
* | Jazz Pharmaceuticals plc | 58,660 | 7,032 | |||
Chemed Corp. | 15,089 | 7,024 |
Shares | Market Value ($000) | |||||
* | Arrowhead Pharmaceuticals Inc. | 100,014 | 7,006 | |||
* | Medpace Holdings Inc. | 27,488 | 5,701 | |||
* | Quidel Corp. | 36,344 | 5,363 | |||
* | Exelixis Inc. | 302,226 | 5,074 | |||
* | Tandem Diabetes Care Inc. | 37,487 | 4,818 | |||
* | Globus Medical Inc. Class A | 75,109 | 4,703 | |||
* | Halozyme Therapeutics Inc. | 136,533 | 4,489 | |||
* | HealthEquity Inc. | 79,993 | 4,374 | |||
* | Amedisys Inc. | 31,304 | 4,372 | |||
* | STAAR Surgical Co. | 45,466 | 4,328 | |||
Hill-Rom Holdings Inc. | 26,516 | 4,123 | ||||
* | LHC Group Inc. | 30,381 | 3,485 | |||
* | United Therapeutics Corp. | 18,087 | 3,428 | |||
Encompass Health Corp. | 53,452 | 3,080 | ||||
* | R1 RCM Inc. | 128,409 | 3,059 | |||
* | Neogen Corp. | 61,858 | 2,482 | |||
* | Integra LifeSciences Holdings Corp. | 34,884 | 2,231 | |||
* | ICU Medical Inc. | 9,754 | 2,207 | |||
* | Acadia Healthcare Co. Inc. | 32,758 | 1,840 | |||
* | Option Care Health Inc. | 71,742 | 1,816 | |||
* | Progyny Inc. | 33,016 | 1,676 | |||
* | Haemonetics Corp. | 26,892 | 1,378 | |||
* | Nektar Therapeutics | 66,917 | 754 | |||
157,339 | ||||||
Industrials (21.0%) | ||||||
* | Trex Co. Inc. | 110,644 | 14,690 | |||
Graco Inc. | 162,815 | 11,868 | ||||
* | Axon Enterprise Inc. | 63,001 | 10,634 | |||
Toro Co. | 102,698 | 10,327 | ||||
Tetra Tech Inc. | 51,869 | 9,579 | ||||
Knight-Swift Transportation Holdings Inc. Class A | 159,217 | 9,115 | ||||
* | Sunrun Inc. | 197,551 | 9,095 | |||
* | Saia Inc. | 25,263 | 8,367 | |||
Nordson Corp. | 32,670 | 8,304 | ||||
Lincoln Electric Holdings Inc. | 56,969 | 7,689 | ||||
* | Builders FirstSource Inc. | 97,396 | 6,763 | |||
Carlisle Cos. Inc. | 28,998 | 6,530 | ||||
* | IAA Inc. | 129,310 | 6,246 | |||
* | ASGN Inc. | 50,745 | 6,175 | |||
Hubbell Inc. Class B | 31,300 | 6,125 | ||||
Lennox International Inc. | 19,352 | 5,980 | ||||
Watsco Inc. | 19,609 | 5,740 | ||||
* | Middleby Corp. | 32,550 | 5,686 | |||
Regal Rexnord Corp. | 32,504 | 5,139 | ||||
MSA Safety Inc. | 34,962 | 5,011 | ||||
Simpson Manufacturing Co. Inc. | 41,672 | 4,807 | ||||
* | FTI Consulting Inc. | 32,883 | 4,804 | |||
* | GXO Logistics Inc. | 49,174 | 4,723 | |||
Timken Co. | 66,579 | 4,383 | ||||
Insperity Inc. | 34,440 | 3,986 | ||||
Landstar System Inc. | 23,133 | 3,899 | ||||
* | XPO Logistics Inc. | 49,177 | 3,562 | |||
ITT Inc. | 37,168 | 3,515 | ||||
Donaldson Co. Inc. | 60,235 | 3,399 | ||||
Woodward Inc. | 31,730 | 3,357 | ||||
AGCO Corp. | 24,907 | 2,745 | ||||
* | Mercury Systems Inc. | 53,881 | 2,638 | |||
* | CACI International Inc. Class A | 9,714 | 2,520 |
Shares | Market Value ($000) | |||||
Valmont Industries Inc. | 8,344 | 1,995 | ||||
* | Stericycle Inc. | 34,367 | 1,942 | |||
* | Clean Harbors Inc. | 18,724 | 1,899 | |||
Curtiss-Wright Corp. | 14,513 | 1,826 | ||||
Science Applications International Corp. | 21,684 | 1,819 | ||||
MSC Industrial Direct Co. Inc. Class A | 22,540 | 1,774 | ||||
EnerSys | 19,974 | 1,480 | ||||
Werner Enterprises Inc. | 27,242 | 1,229 | ||||
Brink's Co. | 18,124 | 1,109 | ||||
Terex Corp. | 25,399 | 1,076 | ||||
223,550 | ||||||
Information Technology (20.8%) | ||||||
* | SolarEdge Technologies Inc. | 50,140 | 16,434 | |||
* | Wolfspeed Inc. | 110,769 | 13,582 | |||
Cognex Corp. | 169,506 | 13,094 | ||||
* | Lattice Semiconductor Corp. | 130,825 | 9,934 | |||
* | First Solar Inc. | 94,849 | 9,826 | |||
* | Fair Isaac Corp. | 27,231 | 9,616 | |||
* | Paylocity Holding Corp. | 37,711 | 9,516 | |||
* | Manhattan Associates Inc. | 60,818 | 9,497 | |||
MKS Instruments Inc. | 53,191 | 8,094 | ||||
Azenta Inc. | 71,270 | 8,061 | ||||
Littelfuse Inc. | 23,614 | 7,048 | ||||
* | Aspen Technology Inc. | 44,951 | 6,519 | |||
* | Lumentum Holdings Inc. | 72,810 | 6,318 | |||
* | II-VI Inc. | 100,614 | 6,291 | |||
Universal Display Corp. | 41,583 | 5,948 | ||||
* | Semtech Corp. | 62,280 | 5,336 | |||
Genpact Ltd. | 101,059 | 4,878 | ||||
* | Mimecast Ltd. | 58,649 | 4,751 | |||
* | Sailpoint Technologies Holdings Inc. | 89,168 | 4,689 | |||
* | Synaptics Inc. | 16,208 | 4,575 | |||
* | Silicon Laboratories Inc. | 22,986 | 4,511 | |||
* | Digital Turbine Inc. | 83,886 | 4,451 | |||
* | Qualys Inc. | 32,130 | 4,186 | |||
CMC Materials Inc. | 28,033 | 3,723 | ||||
* | Ciena Corp. | 54,936 | 3,309 | |||
Concentrix Corp. | 19,715 | 3,273 | ||||
* | WEX Inc. | 24,925 | 3,151 | |||
* | SiTime Corp. | 10,253 | 3,060 | |||
Maximus Inc. | 36,561 | 2,759 | ||||
* | Cerence Inc. | 36,460 | 2,741 | |||
* | Envestnet Inc. | 32,424 | 2,486 | |||
National Instruments Corp. | 57,406 | 2,384 | ||||
* | SunPower Corp. | 79,994 | 2,292 | |||
CDK Global Inc. | 58,408 | 2,257 | ||||
* | Coherent Inc. | 8,001 | 2,072 | |||
* | Cirrus Logic Inc. | 23,757 | 1,905 | |||
* | ACI Worldwide Inc. | 60,862 | 1,774 | |||
* | Teradata Corp. | 38,724 | 1,681 | |||
* | LiveRamp Holdings Inc. | 34,526 | 1,620 | |||
* | Blackbaud Inc. | 18,129 | 1,368 | |||
* | CommVault Systems Inc. | 21,558 | 1,356 | |||
* | Sabre Corp. | 111,341 | 838 | |||
Amkor Technology Inc. | 28,911 | 623 | ||||
* | Consensus Cloud Solutions Inc. | 1 | — | |||
221,827 |
Shares | Market Value ($000) | |||||
Materials (4.9%) | ||||||
* | Cleveland-Cliffs Inc. | 436,234 | 8,877 | |||
RPM International Inc. | 77,180 | 7,026 | ||||
Scotts Miracle-Gro Co. | 39,076 | 5,662 | ||||
AptarGroup Inc. | 38,596 | 4,616 | ||||
Eagle Materials Inc. | 24,909 | 3,841 | ||||
Royal Gold Inc. | 36,500 | 3,651 | ||||
Valvoline Inc. | 104,039 | 3,545 | ||||
Louisiana-Pacific Corp. | 50,242 | 3,283 | ||||
Chemours Co. | 71,308 | 2,118 | ||||
Ashland Global Holdings Inc. | 19,506 | 1,971 | ||||
Sensient Technologies Corp. | 19,412 | 1,889 | ||||
Silgan Holdings Inc. | 35,384 | 1,467 | ||||
* | Ingevity Corp. | 18,561 | 1,335 | |||
Worthington Industries Inc. | 18,476 | 887 | ||||
NewMarket Corp. | 2,637 | 874 | ||||
Compass Minerals International Inc. | 15,642 | 761 | ||||
51,803 | ||||||
Real Estate (6.2%) | ||||||
CyrusOne Inc. | 118,972 | 10,591 | ||||
Camden Property Trust | 45,344 | 7,491 | ||||
Rexford Industrial Realty Inc. | 77,955 | 5,463 | ||||
Life Storage Inc. | 39,064 | 5,162 | ||||
Medical Properties Trust Inc. | 222,888 | 4,745 | ||||
CoreSite Realty Corp. | 27,140 | 4,642 | ||||
EastGroup Properties Inc. | 22,479 | 4,579 | ||||
Lamar Advertising Co. Class A | 41,615 | 4,547 | ||||
First Industrial Realty Trust Inc. | 63,176 | 3,817 | ||||
National Storage Affiliates Trust | 47,725 | 2,929 | ||||
STORE Capital Corp. | 86,798 | 2,859 | ||||
American Campus Communities Inc. | 52,053 | 2,693 | ||||
Rayonier Inc. | 54,234 | 2,048 | ||||
Healthcare Realty Trust Inc. | 55,835 | 1,749 | ||||
PS Business Parks Inc. | 8,867 | 1,554 | ||||
PotlatchDeltic Corp. | 24,411 | 1,322 | ||||
66,191 | ||||||
Utilities (0.6%) | ||||||
Essential Utilities Inc. | 107,261 | 5,070 | ||||
PNM Resources Inc. | 32,097 | 1,581 | ||||
6,651 | ||||||
Total Common Stocks (Cost $832,097) | 1,064,350 |
Coupon | Shares | Market Value ($000) | ||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $3,935) | 0.077% | 39,355 | 3,935 | ||
Total Investments (100.1%) (Cost $836,032) | 1,068,285 | |||||
Other Assets and Liabilities—Net (-0.1%) | (1,495) | |||||
Net Assets (100%) | 1,066,790 |
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 $767,000. |
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 $816,000 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 | December 2021 | 8 | 2,165 | (89) |
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.