Vanguard® S&P Small-Cap 600 Value 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 (2.2%) | ||||||
* | Meredith Corp. | 100,751 | 5,944 | |||
* | Cinemark Holdings Inc. | 263,639 | 4,092 | |||
Cogent Communications Holdings Inc. | 38,886 | 2,914 | ||||
Scholastic Corp. | 75,354 | 2,836 | ||||
* | AMC Networks Inc. Class A | 72,288 | 2,791 | |||
EW Scripps Co. Class A | 141,322 | 2,619 | ||||
* | Gannett Co. Inc. | 352,974 | 1,804 | |||
* | Loyalty Ventures Inc. | 49,520 | 1,421 | |||
* | Consolidated Communications Holdings Inc. | 178,558 | 1,343 | |||
Shenandoah Telecommunications Co. | 43,373 | 1,101 | ||||
ATN International Inc. | 27,165 | 1,038 | ||||
* | Marcus Corp. | 54,246 | 948 | |||
* | Thryv Holdings Inc. | 19,434 | 759 | |||
29,610 | ||||||
Consumer Discretionary (13.5%) | ||||||
Macy's Inc. | 773,412 | 22,042 | ||||
Signet Jewelers Ltd. | 130,571 | 12,684 | ||||
* | Asbury Automotive Group Inc. | 56,153 | 9,189 | |||
Group 1 Automotive Inc. | 44,829 | 8,730 | ||||
Steven Madden Ltd. | 116,699 | 5,537 | ||||
* | Abercrombie & Fitch Co. Class A | 152,759 | 5,499 | |||
* | Sally Beauty Holdings Inc. | 280,621 | 5,497 | |||
* | Bed Bath & Beyond Inc. | 259,517 | 4,757 | |||
Monro Inc. | 83,206 | 4,661 | ||||
* | ODP Corp. | 117,882 | 4,451 | |||
* | M/I Homes Inc. | 72,814 | 4,070 | |||
Wolverine World Wide Inc. | 126,302 | 3,932 | ||||
Oxford Industries Inc. | 39,481 | 3,772 | ||||
* | Adtalem Global Education Inc. | 122,373 | 3,631 | |||
* | Boot Barn Holdings Inc. | 29,359 | 3,592 | |||
* | Bloomin' Brands Inc. | 201,059 | 3,553 | |||
Kontoor Brands Inc. | 65,234 | 3,517 | ||||
* | G-III Apparel Group Ltd. | 107,835 | 3,196 | |||
* | Dave & Buster's Entertainment Inc. | 95,393 | 3,098 | |||
Strategic Education Inc. | 56,053 | 2,999 | ||||
* | Cheesecake Factory Inc. | 78,105 | 2,993 | |||
* | Children's Place Inc. | 34,508 | 2,986 | |||
Winnebago Industries Inc. | 40,775 | 2,945 | ||||
MDC Holdings Inc. | 57,319 | 2,742 | ||||
* | Cavco Industries Inc. | 8,917 | 2,653 | |||
* | American Axle & Manufacturing Holdings Inc. | 282,477 | 2,503 |
Shares | Market Value ($000) | |||||
Standard Motor Products Inc. | 47,847 | 2,394 | ||||
* | Gentherm Inc. | 28,039 | 2,368 | |||
Sonic Automotive Inc. Class A | 52,177 | 2,343 | ||||
Caleres Inc. | 94,790 | 2,238 | ||||
* | Genesco Inc. | 34,808 | 2,200 | |||
Guess? Inc. | 96,377 | 2,173 | ||||
* | Designer Brands Inc. Class A | 151,606 | 2,074 | |||
Buckle Inc. | 42,914 | 2,019 | ||||
Movado Group Inc. | 41,665 | 1,870 | ||||
La-Z-Boy Inc. | 54,809 | 1,830 | ||||
* | Brinker International Inc. | 52,120 | 1,803 | |||
Aaron's Co. Inc. | 80,894 | 1,796 | ||||
* | Chico's FAS Inc. | 303,820 | 1,741 | |||
* | BJ's Restaurants Inc. | 57,626 | 1,721 | |||
Shoe Carnival Inc. | 43,562 | 1,703 | ||||
* | Chuy's Holdings Inc. | 49,578 | 1,421 | |||
* | WW International Inc. | 80,785 | 1,359 | |||
Ethan Allen Interiors Inc. | 54,387 | 1,224 | ||||
Sturm Ruger & Co. Inc. | 16,618 | 1,191 | ||||
* | Zumiez Inc. | 24,001 | 1,098 | |||
* | Monarch Casino & Resort Inc. | 15,873 | 1,069 | |||
* | Conn's Inc. | 47,423 | 1,038 | |||
* | Cooper-Standard Holdings Inc. | 42,283 | 976 | |||
* | Perdoceo Education Corp. | 97,717 | 963 | |||
* | Ruth's Hospitality Group Inc. | 50,520 | 859 | |||
Cato Corp. Class A | 48,915 | 805 | ||||
* | Motorcar Parts of America Inc. | 47,727 | 766 | |||
* | Universal Electronics Inc. | 19,866 | 719 | |||
* | Unifi Inc. | 34,684 | 707 | |||
* | Fossil Group Inc. | 53,588 | 640 | |||
Haverty Furniture Cos. Inc. | 21,056 | 630 | ||||
* | Red Robin Gourmet Burgers Inc. | 38,496 | 627 | |||
* | Barnes & Noble Education Inc. | 88,586 | 622 | |||
* | Vera Bradley Inc. | 62,821 | 597 | |||
* | America's Car-Mart Inc. | 5,577 | 547 | |||
* | Liquidity Services Inc. | 22,169 | 503 | |||
* | Fiesta Restaurant Group Inc. | 42,983 | 401 | |||
* | American Public Education Inc. | 20,193 | 381 | |||
* | El Pollo Loco Holdings Inc. | 22,887 | 289 | |||
* | Regis Corp. | 248 | 1 | |||
184,935 | ||||||
Consumer Staples (4.0%) | ||||||
Edgewell Personal Care Co. | 134,946 | 5,730 | ||||
* | TreeHouse Foods Inc. | 138,027 | 5,066 | |||
* | Simply Good Foods Co. | 115,194 | 4,259 | |||
Coca-Cola Consolidated Inc. | 6,576 | 3,752 | ||||
* | United Natural Foods Inc. | 65,602 | 3,262 | |||
J & J Snack Foods Corp. | 21,003 | 2,869 | ||||
Universal Corp. | 60,825 | 2,833 | ||||
Andersons Inc. | 76,665 | 2,605 | ||||
Vector Group Ltd. | 162,754 | 2,529 | ||||
* | Chefs' Warehouse Inc. | 80,866 | 2,512 | |||
PriceSmart Inc. | 33,320 | 2,390 | ||||
Inter Parfums Inc. | 24,555 | 2,157 | ||||
SpartanNash Co. | 89,754 | 2,148 | ||||
Fresh Del Monte Produce Inc. | 82,363 | 2,039 | ||||
John B Sanfilippo & Son Inc. | 22,146 | 1,825 | ||||
* | elf Beauty Inc. | 56,936 | 1,715 |
Shares | Market Value ($000) | |||||
* | Central Garden & Pet Co. Class A | 38,710 | 1,678 | |||
Cal-Maine Foods Inc. | 38,062 | 1,372 | ||||
MGP Ingredients Inc. | 14,607 | 1,139 | ||||
* | USANA Health Sciences Inc. | 10,762 | 1,073 | |||
Calavo Growers Inc. | 25,997 | 1,054 | ||||
* | Seneca Foods Corp. Class A | 16,191 | 691 | |||
* | Central Garden & Pet Co. | 9,468 | 456 | |||
55,154 | ||||||
Energy (6.5%) | ||||||
PDC Energy Inc. | 244,608 | 12,336 | ||||
SM Energy Co. | 300,681 | 8,720 | ||||
Matador Resources Co. | 155,579 | 6,110 | ||||
Helmerich & Payne Inc. | 267,891 | 6,014 | ||||
* | Range Resources Corp. | 277,337 | 5,425 | |||
* | Green Plains Inc. | 133,236 | 5,150 | |||
* | Callon Petroleum Co. | 97,712 | 4,968 | |||
World Fuel Services Corp. | 157,275 | 3,930 | ||||
Patterson-UTI Energy Inc. | 468,284 | 3,306 | ||||
* | Southwestern Energy Co. | 721,073 | 3,230 | |||
* | PBF Energy Inc. Class A | 235,322 | 2,949 | |||
* | Oceaneering International Inc. | 247,300 | 2,644 | |||
Archrock Inc. | 332,345 | 2,456 | ||||
* | Laredo Petroleum Inc. | 33,451 | 1,970 | |||
* | US Silica Holdings Inc. | 185,174 | 1,796 | |||
* | ProPetro Holding Corp. | 209,856 | 1,725 | |||
* | CONSOL Energy Inc. | 78,554 | 1,724 | |||
* | Bristow Group Inc. Class A | 57,407 | 1,705 | |||
* | Dril-Quip Inc. | 87,643 | 1,675 | |||
Core Laboratories NV | 68,772 | 1,574 | ||||
* | Nabors Industries Ltd. | 19,261 | 1,569 | |||
* | Par Pacific Holdings Inc. | 113,424 | 1,536 | |||
* | REX American Resources Corp. | 13,105 | 1,192 | |||
* | Helix Energy Solutions Group Inc. | 351,698 | 1,069 | |||
* | Ranger Oil Corp. | 38,043 | 1,024 | |||
* | Talos Energy Inc. | 101,145 | 1,008 | |||
* | Oil States International Inc. | 153,161 | 775 | |||
* | RPC Inc. | 175,685 | 708 | |||
Dorian LPG Ltd. | 29,356 | 361 | ||||
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 6,805 | 31 | |||
88,680 | ||||||
Financials (24.6%) | ||||||
BankUnited Inc. | 230,238 | 9,127 | ||||
Pacific Premier Bancorp Inc. | 234,774 | 9,097 | ||||
Assured Guaranty Ltd. | 180,915 | 8,859 | ||||
First Hawaiian Inc. | 321,492 | 8,439 | ||||
Investors Bancorp Inc. | 558,939 | 8,323 | ||||
Ameris Bancorp | 164,410 | 8,002 | ||||
Simmons First National Corp. Class A | 268,630 | 7,820 | ||||
United Community Banks Inc. | 214,942 | 7,366 | ||||
Old National Bancorp | 411,019 | 7,259 | ||||
First Bancorp | 517,310 | 6,875 | ||||
American Equity Investment Life Holding Co. | 204,243 | 6,869 | ||||
Independent Bank Group Inc. | 92,134 | 6,397 | ||||
Columbia Banking System Inc. | 192,947 | 6,340 | ||||
Independent Bank Corp. (Massachusetts) | 75,487 | 5,968 | ||||
WSFS Financial Corp. | 117,973 | 5,866 | ||||
First Midwest Bancorp Inc. | 283,655 | 5,597 |
Shares | Market Value ($000) | |||||
First Financial Bancorp | 237,583 | 5,464 | ||||
Renasant Corp. | 139,895 | 5,096 | ||||
Community Bank System Inc. | 70,978 | 5,015 | ||||
Banner Corp. | 85,807 | 4,915 | ||||
Veritex Holdings Inc. | 122,974 | 4,873 | ||||
* | Genworth Financial Inc. Class A | 1,260,043 | 4,813 | |||
Stewart Information Services Corp. | 66,758 | 4,755 | ||||
Trustmark Corp. | 155,119 | 4,748 | ||||
Seacoast Banking Corp. of Florida | 137,282 | 4,636 | ||||
Provident Financial Services Inc. | 193,265 | 4,549 | ||||
Eagle Bancorp Inc. | 79,392 | 4,474 | ||||
Apollo Commercial Real Estate Finance Inc. | 326,608 | 4,419 | ||||
*,1 | Encore Capital Group Inc. | 75,133 | 4,383 | |||
Hope Bancorp Inc. | 305,205 | 4,380 | ||||
* | Customers Bancorp Inc. | 73,718 | 4,249 | |||
PennyMac Mortgage Investment Trust | 243,002 | 4,221 | ||||
Northwest Bancshares Inc. | 315,181 | 4,186 | ||||
NBT Bancorp Inc. | 107,705 | 3,889 | ||||
Horace Mann Educators Corp. | 103,052 | 3,820 | ||||
First Bancorp (XNGS) | 85,323 | 3,792 | ||||
FB Financial Corp. | 87,946 | 3,773 | ||||
Capitol Federal Financial Inc. | 320,856 | 3,645 | ||||
First Commonwealth Financial Corp. | 238,499 | 3,585 | ||||
CVB Financial Corp. | 187,362 | 3,580 | ||||
Two Harbors Investment Corp. | 604,836 | 3,556 | ||||
New York Mortgage Trust Inc. | 939,132 | 3,503 | ||||
* | Enova International Inc. | 91,248 | 3,478 | |||
Hilltop Holdings Inc. | 100,960 | 3,436 | ||||
Southside Bancshares Inc. | 80,858 | 3,295 | ||||
OFG Bancorp | 127,909 | 3,083 | ||||
ProAssurance Corp. | 133,652 | 3,074 | ||||
Great Western Bancorp Inc. | 90,079 | 3,022 | ||||
Brookline Bancorp Inc. | 194,490 | 3,001 | ||||
S&T Bancorp Inc. | 97,423 | 2,914 | ||||
Dime Community Bancshares Inc. | 83,184 | 2,853 | ||||
Safety Insurance Group Inc. | 35,406 | 2,736 | ||||
Employers Holdings Inc. | 69,997 | 2,703 | ||||
Banc of California Inc. | 132,589 | 2,597 | ||||
Lakeland Financial Corp. | 36,346 | 2,567 | ||||
HomeStreet Inc. | 51,486 | 2,542 | ||||
Flagstar Bancorp Inc. | 52,323 | 2,435 | ||||
Preferred Bank | 34,067 | 2,322 | ||||
Tompkins Financial Corp. | 29,576 | 2,312 | ||||
Redwood Trust Inc. | 177,305 | 2,273 | ||||
Piper Sandler Cos. | 13,445 | 2,229 | ||||
Berkshire Hills Bancorp Inc. | 82,380 | 2,200 | ||||
Ready Capital Corp. | 141,092 | 2,167 | ||||
Park National Corp. | 16,212 | 2,109 | ||||
Heritage Financial Corp. | 89,037 | 2,086 | ||||
Meta Financial Group Inc. | 34,781 | 2,079 | ||||
KKR Real Estate Finance Trust Inc. | 100,045 | 2,064 | ||||
ARMOUR Residential REIT Inc. | 206,052 | 2,017 | ||||
Ellington Financial Inc. | 117,911 | 1,954 | ||||
Westamerica Bancorp | 35,934 | 1,933 | ||||
* | Bancorp Inc. | 67,890 | 1,919 | |||
* | Donnelley Financial Solutions Inc. | 41,019 | 1,916 | |||
Allegiance Bancshares Inc. | 46,519 | 1,881 | ||||
Central Pacific Financial Corp. | 69,856 | 1,870 |
Shares | Market Value ($000) | |||||
Northfield Bancorp Inc. | 110,639 | 1,864 | ||||
Hanmi Financial Corp. | 76,037 | 1,709 | ||||
* | SiriusPoint Ltd. | 217,573 | 1,675 | |||
Granite Point Mortgage Trust Inc. | 135,485 | 1,671 | ||||
City Holding Co. | 20,573 | 1,614 | ||||
AMERISAFE Inc. | 30,193 | 1,603 | ||||
TrustCo Bank Corp. | 47,713 | 1,558 | ||||
BancFirst Corp. | 24,029 | 1,529 | ||||
James River Group Holdings Ltd. | 55,335 | 1,463 | ||||
Invesco Mortgage Capital Inc. | 452,605 | 1,358 | ||||
* | Franklin BSP Realty Trust Inc. | 79,039 | 1,212 | |||
National Bank Holdings Corp. Class A | 28,317 | 1,207 | ||||
* | Ambac Financial Group Inc. | 75,862 | 1,133 | |||
United Fire Group Inc. | 53,658 | 1,123 | ||||
* | Blucora Inc. | 67,721 | 1,096 | |||
Universal Insurance Holdings Inc. | 70,058 | 1,056 | ||||
B. Riley Financial Inc. | 12,721 | 985 | ||||
* | EZCORP Inc. Class A | 132,082 | 977 | |||
WisdomTree Investments Inc. | 157,093 | 965 | ||||
* | Selectquote Inc. | 101,136 | 910 | |||
* | World Acceptance Corp. | 3,323 | 683 | |||
Greenhill & Co. Inc. | 14,082 | 240 | ||||
337,221 | ||||||
Health Care (6.7%) | ||||||
* | Prestige Consumer Healthcare Inc. | 124,231 | 6,951 | |||
* | Magellan Health Inc. | 57,759 | 5,475 | |||
* | Myriad Genetics Inc. | 193,863 | 5,013 | |||
* | AMN Healthcare Services Inc. | 43,435 | 4,952 | |||
* | Lantheus Holdings Inc. | 167,943 | 4,498 | |||
CONMED Corp. | 31,776 | 4,177 | ||||
* | Integer Holdings Corp. | 49,027 | 3,909 | |||
Owens & Minor Inc. | 89,711 | 3,589 | ||||
Select Medical Holdings Corp. | 129,047 | 3,465 | ||||
* | Apollo Medical Holdings Inc. | 34,497 | 3,231 | |||
* | Ligand Pharmaceuticals Inc. | 19,832 | 3,211 | |||
* | MEDNAX Inc. | 130,391 | 3,202 | |||
* | Varex Imaging Corp. | 97,554 | 2,785 | |||
* | Cross Country Healthcare Inc. | 87,540 | 2,290 | |||
* | Enanta Pharmaceuticals Inc. | 25,849 | 2,282 | |||
* | Avid Bioservices Inc. | 63,885 | 1,952 | |||
* | Natus Medical Inc. | 84,497 | 1,910 | |||
* | Covetrus Inc. | 102,121 | 1,836 | |||
* | Glaukos Corp. | 41,513 | 1,786 | |||
* | AngioDynamics Inc. | 61,870 | 1,593 | |||
* | CorVel Corp. | 8,437 | 1,586 | |||
* | uniQure NV | 54,622 | 1,521 | |||
* | RadNet Inc. | 55,793 | 1,504 | |||
* | Endo International plc | 226,665 | 1,269 | |||
US Physical Therapy Inc. | 14,394 | 1,238 | ||||
* | NextGen Healthcare Inc. | 74,555 | 1,156 | |||
* | Vanda Pharmaceuticals Inc. | 67,726 | 1,097 | |||
Phibro Animal Health Corp. Class A | 50,604 | 991 | ||||
* | Cardiovascular Systems Inc. | 48,724 | 975 | |||
* | Orthofix Medical Inc. | 31,386 | 961 | |||
* | HealthStream Inc. | 38,961 | 905 | |||
* | Inogen Inc. | 29,500 | 901 | |||
* | Tivity Health Inc. | 37,590 | 895 | |||
* | Eagle Pharmaceuticals Inc. | 18,395 | 877 |
Shares | Market Value ($000) | |||||
* | Anika Therapeutics Inc. | 21,605 | 845 | |||
* | CryoLife Inc. | 46,106 | 793 | |||
* | Cutera Inc. | 22,730 | 792 | |||
* | Harmony Biosciences Holdings Inc. | 19,096 | 651 | |||
* | ANI Pharmaceuticals Inc. | 15,551 | 640 | |||
* | Amphastar Pharmaceuticals Inc. | 31,785 | 622 | |||
* | Hanger Inc. | 35,955 | 607 | |||
* | OraSure Technologies Inc. | 63,637 | 594 | |||
* | Organogenesis Holdings Inc. Class A | 57,569 | 579 | |||
* | Computer Programs & Systems Inc. | 19,128 | 564 | |||
* | Surmodics Inc. | 12,252 | 538 | |||
* | Cara Therapeutics Inc. | 34,054 | 449 | |||
* | Spectrum Pharmaceuticals Inc. | 180,991 | 286 | |||
*,2 | Lantheus Holdings Inc. CVR | 75,410 | — | |||
91,943 | ||||||
Industrials (17.3%) | ||||||
* | Resideo Technologies Inc. | 357,071 | 9,316 | |||
ABM Industries Inc. | 166,516 | 7,493 | ||||
Encore Wire Corp. | 51,247 | 7,198 | ||||
ArcBest Corp. | 63,425 | 6,538 | ||||
* | Hub Group Inc. Class A | 83,658 | 6,498 | |||
Boise Cascade Co. | 97,608 | 6,328 | ||||
UFP Industries Inc. | 75,212 | 6,264 | ||||
Korn Ferry | 82,841 | 6,026 | ||||
* | GMS Inc. | 106,919 | 5,974 | |||
* | Atlas Air Worldwide Holdings Inc. | 66,995 | 5,869 | |||
SPX FLOW Inc. | 64,084 | 5,352 | ||||
EnPro Industries Inc. | 51,159 | 5,218 | ||||
Barnes Group Inc. | 115,550 | 5,021 | ||||
* | SkyWest Inc. | 125,090 | 4,900 | |||
John Bean Technologies Corp. | 30,772 | 4,855 | ||||
Mueller Industries Inc. | 84,946 | 4,700 | ||||
Watts Water Technologies Inc. Class A | 23,975 | 4,524 | ||||
* | Veritiv Corp. | 35,217 | 4,439 | |||
Granite Construction Inc. | 113,864 | 4,427 | ||||
* | Meritor Inc. | 174,271 | 4,407 | |||
HNI Corp. | 108,638 | 4,292 | ||||
Aerojet Rocketdyne Holdings Inc. | 101,738 | 4,277 | ||||
Brady Corp. Class A | 73,535 | 3,695 | ||||
* | Allegiant Travel Co. | 21,034 | 3,644 | |||
Applied Industrial Technologies Inc. | 37,673 | 3,580 | ||||
Deluxe Corp. | 105,346 | 3,565 | ||||
UniFirst Corp. | 18,113 | 3,471 | ||||
Albany International Corp. Class A | 40,102 | 3,245 | ||||
Healthcare Services Group Inc. | 184,841 | 3,235 | ||||
* | CoreCivic Inc. | 297,808 | 3,207 | |||
Greenbrier Cos. Inc. | 80,179 | 3,206 | ||||
Standex International Corp. | 30,371 | 3,129 | ||||
Moog Inc. Class A | 45,115 | 3,121 | ||||
Griffon Corp. | 118,391 | 3,115 | ||||
*,2 | Raven Industries Inc. | 51,576 | 2,991 | |||
* | Harsco Corp. | 196,090 | 2,859 | |||
Arcosa Inc. | 55,156 | 2,822 | ||||
Pitney Bowes Inc. | 409,539 | 2,797 | ||||
Hillenbrand Inc. | 61,526 | 2,744 | ||||
* | SPX Corp. | 47,146 | 2,742 | |||
Matthews International Corp. Class A | 78,251 | 2,713 | ||||
* | AAR Corp. | 82,356 | 2,690 |
Shares | Market Value ($000) | |||||
Apogee Enterprises Inc. | 63,201 | 2,610 | ||||
Kaman Corp. | 68,903 | 2,549 | ||||
* | Hawaiian Holdings Inc. | 126,823 | 2,318 | |||
* | NOW Inc. | 273,773 | 2,289 | |||
* | TrueBlue Inc. | 87,860 | 2,286 | |||
ESCO Technologies Inc. | 26,460 | 2,163 | ||||
Heidrick & Struggles International Inc. | 48,308 | 2,085 | ||||
Interface Inc. Class A | 146,190 | 2,085 | ||||
Wabash National Corp. | 123,724 | 2,066 | ||||
* | MYR Group Inc. | 18,387 | 2,036 | |||
Tennant Co. | 24,970 | 1,964 | ||||
Enerpac Tool Group Corp. Class A | 87,876 | 1,855 | ||||
Quanex Building Products Corp. | 83,118 | 1,776 | ||||
* | Triumph Group Inc. | 104,052 | 1,744 | |||
* | US Ecology Inc. | 47,621 | 1,622 | |||
Lindsay Corp. | 10,789 | 1,570 | ||||
Kelly Services Inc. Class A | 89,397 | 1,507 | ||||
ManTech International Corp. Class A | 21,776 | 1,480 | ||||
AZZ Inc. | 27,340 | 1,419 | ||||
Astec Industries Inc. | 22,007 | 1,379 | ||||
Resources Connection Inc. | 76,702 | 1,318 | ||||
* | Viad Corp. | 29,979 | 1,268 | |||
* | DXP Enterprises Inc. | 43,864 | 1,212 | |||
* | American Woodmark Corp. | 19,578 | 1,207 | |||
Insteel Industries Inc. | 28,381 | 1,197 | ||||
National Presto Industries Inc. | 12,592 | 1,030 | ||||
Heartland Express Inc. | 59,451 | 995 | ||||
* | CIRCOR International Inc. | 32,240 | 869 | |||
* | Matrix Service Co. | 66,636 | 579 | |||
Powell Industries Inc. | 22,161 | 541 | ||||
* | Titan International Inc. | 69,213 | 477 | |||
Park Aerospace Corp. | 29,033 | 375 | ||||
* | KAR Auction Services Inc. | 24,433 | 366 | |||
236,724 | ||||||
Information Technology (8.1%) | ||||||
* | Insight Enterprises Inc. | 86,285 | 8,509 | |||
* | Rogers Corp. | 21,845 | 5,955 | |||
* | Sanmina Corp. | 161,464 | 5,900 | |||
* | NetScout Systems Inc. | 183,912 | 5,499 | |||
InterDigital Inc. | 76,189 | 5,174 | ||||
* | Knowles Corp. | 228,259 | 4,958 | |||
Kulicke & Soffa Industries Inc. | 78,262 | 4,513 | ||||
* | Rambus Inc. | 156,811 | 4,218 | |||
* | Fabrinet | 34,824 | 3,850 | |||
* | 3D Systems Corp. | 164,386 | 3,745 | |||
* | TTM Technologies Inc. | 267,893 | 3,692 | |||
* | ePlus Inc. | 33,427 | 3,526 | |||
* | Itron Inc. | 53,773 | 3,329 | |||
* | SMART Global Holdings Inc. | 57,069 | 3,254 | |||
* | Plexus Corp. | 30,069 | 2,530 | |||
Methode Electronics Inc. | 55,763 | 2,480 | ||||
ADTRAN Inc. | 120,281 | 2,451 | ||||
* | Extreme Networks Inc. | 175,745 | 2,373 | |||
CSG Systems International Inc. | 40,520 | 2,136 | ||||
Benchmark Electronics Inc. | 88,096 | 2,077 | ||||
* | NETGEAR Inc. | 75,589 | 2,021 | |||
* | ScanSource Inc. | 63,038 | 1,970 | |||
Progress Software Corp. | 37,872 | 1,835 |
Shares | Market Value ($000) | |||||
* | Axcelis Technologies Inc. | 29,104 | 1,799 | |||
* | OSI Systems Inc. | 19,446 | 1,768 | |||
* | Bottomline Technologies DE Inc. | 38,933 | 1,746 | |||
Xperi Holding Corp. | 95,910 | 1,719 | ||||
* | Unisys Corp. | 93,038 | 1,690 | |||
* | Ichor Holdings Ltd. | 35,153 | 1,683 | |||
Comtech Telecommunications Corp. | 64,613 | 1,640 | ||||
* | Veeco Instruments Inc. | 56,180 | 1,493 | |||
* | Harmonic Inc. | 131,277 | 1,411 | |||
CTS Corp. | 37,846 | 1,319 | ||||
* | FARO Technologies Inc. | 18,948 | 1,316 | |||
PC Connection Inc. | 27,319 | 1,198 | ||||
* | Photronics Inc. | 78,632 | 1,039 | |||
* | Plantronics Inc. | 36,978 | 944 | |||
* | Consensus Cloud Solutions Inc. | 14,729 | 923 | |||
* | PDF Solutions Inc. | 28,992 | 868 | |||
* | Diebold Nixdorf Inc. | 95,930 | 778 | |||
* | Digi International Inc. | 35,804 | 771 | |||
* | DSP Group Inc. | 26,783 | 589 | |||
* | CalAmp Corp. | 51,978 | 477 | |||
* | BM Technologies Inc. | 9,642 | 116 | |||
* | Daktronics Inc. | 295 | 1 | |||
111,283 | ||||||
Materials (5.3%) | ||||||
HB Fuller Co. | 63,907 | 4,675 | ||||
Trinseo plc | 96,440 | 4,555 | ||||
* | Allegheny Technologies Inc. | 316,089 | 4,501 | |||
* | O-I Glass Inc. | 390,673 | 4,325 | |||
* | Kraton Corp. | 79,609 | 3,667 | |||
Kaiser Aluminum Corp. | 39,285 | 3,505 | ||||
Carpenter Technology Corp. | 118,934 | 3,268 | ||||
* | Arconic Corp. | 119,681 | 3,198 | |||
AdvanSix Inc. | 69,923 | 3,167 | ||||
Innospec Inc. | 37,835 | 3,072 | ||||
* | Ferro Corp. | 133,810 | 2,826 | |||
Stepan Co. | 24,315 | 2,740 | ||||
Warrior Met Coal Inc. | 127,314 | 2,736 | ||||
* | Sylvamo Corp. | 88,367 | 2,676 | |||
Materion Corp. | 31,379 | 2,656 | ||||
Schweitzer-Mauduit International Inc. | 77,826 | 2,234 | ||||
Neenah Inc. | 41,712 | 1,939 | ||||
Glatfelter Corp. | 110,159 | 1,814 | ||||
* | Clearwater Paper Corp. | 41,297 | 1,662 | |||
* | Koppers Holdings Inc. | 52,790 | 1,594 | |||
* | GCP Applied Technologies Inc. | 64,018 | 1,494 | |||
* | TimkenSteel Corp. | 102,065 | 1,462 | |||
Haynes International Inc. | 31,511 | 1,263 | ||||
SunCoke Energy Inc. | 205,852 | 1,254 | ||||
Mercer International Inc. | 100,270 | 1,073 | ||||
Myers Industries Inc. | 54,860 | 1,069 | ||||
* | Rayonier Advanced Materials Inc. | 158,559 | 869 | |||
Hawkins Inc. | 21,271 | 706 | ||||
Tredegar Corp. | 62,907 | 692 | ||||
* | Century Aluminum Co. | 50,565 | 669 | |||
American Vanguard Corp. | 36,258 | 519 | ||||
Olympic Steel Inc. | 22,853 | 465 |
Shares | Market Value ($000) | |||||
FutureFuel Corp. | 36,768 | 277 | ||||
72,622 | ||||||
Real Estate (9.4%) | ||||||
SITE Centers Corp. | 445,150 | 6,704 | ||||
Lexington Realty Trust | 441,013 | 6,637 | ||||
Agree Realty Corp. | 85,498 | 5,776 | ||||
Brandywine Realty Trust | 424,214 | 5,451 | ||||
Washington REIT | 210,103 | 5,295 | ||||
Retail Opportunity Investments Corp. | 301,353 | 5,292 | ||||
* | DiamondRock Hospitality Co. | 523,097 | 4,556 | |||
American Assets Trust Inc. | 130,670 | 4,495 | ||||
Acadia Realty Trust | 219,636 | 4,435 | ||||
* | Xenia Hotels & Resorts Inc. | 282,803 | 4,432 | |||
* | Realogy Holdings Corp. | 289,606 | 4,399 | |||
iStar Inc. | 178,123 | 4,336 | ||||
Alexander & Baldwin Inc. | 180,188 | 3,970 | ||||
Global Net Lease Inc. | 248,399 | 3,527 | ||||
Service Properties Trust | 408,208 | 3,474 | ||||
* | Mack-Cali Realty Corp. | 198,956 | 3,325 | |||
Tanger Factory Outlet Centers Inc. | 167,366 | 3,316 | ||||
Independence Realty Trust Inc. | 133,332 | 3,267 | ||||
Office Properties Income Trust | 119,686 | 2,840 | ||||
Uniti Group Inc. | 208,271 | 2,764 | ||||
RPT Realty | 200,938 | 2,556 | ||||
GEO Group Inc. | 303,502 | 2,549 | ||||
Easterly Government Properties Inc. Class A | 118,425 | 2,483 | ||||
* | Orion Office REIT Inc. | 136,435 | 2,424 | |||
CareTrust REIT Inc. | 117,766 | 2,380 | ||||
* | Summit Hotel Properties Inc. | 263,421 | 2,358 | |||
Four Corners Property Trust Inc. | 83,029 | 2,243 | ||||
Armada Hoffler Properties Inc. | 151,843 | 2,118 | ||||
Industrial Logistics Properties Trust | 89,056 | 1,974 | ||||
LTC Properties Inc. | 59,491 | 1,889 | ||||
NexPoint Residential Trust Inc. | 24,114 | 1,798 | ||||
Diversified Healthcare Trust | 589,734 | 1,645 | ||||
Getty Realty Corp. | 51,156 | 1,562 | ||||
Centerspace | 14,995 | 1,532 | ||||
* | Chatham Lodging Trust | 120,812 | 1,439 | |||
* | Marcus & Millichap Inc. | 33,398 | 1,431 | |||
Urstadt Biddle Properties Inc. Class A | 74,576 | 1,408 | ||||
Franklin Street Properties Corp. | 239,957 | 1,382 | ||||
Whitestone REIT | 107,121 | 992 | ||||
Universal Health Realty Income Trust | 17,242 | 960 | ||||
Saul Centers Inc. | 19,075 | 939 | ||||
RE/MAX Holdings Inc. Class A | 26,889 | 739 | ||||
* | Hersha Hospitality Trust Class A | 82,342 | 727 | |||
127,819 | ||||||
Utilities (2.2%) | ||||||
Avista Corp. | 172,884 | 6,658 | ||||
South Jersey Industries Inc. | 279,029 | 6,557 | ||||
American States Water Co. | 42,108 | 3,966 | ||||
California Water Service Group | 52,567 | 3,312 | ||||
Northwest Natural Holding Co. | 75,938 | 3,274 | ||||
Chesapeake Utilities Corp. | 21,325 | 2,716 | ||||
Middlesex Water Co. | 23,831 | 2,456 |
Shares | Market Value ($000) | |||||
Unitil Corp. | 39,273 | 1,627 | ||||
30,566 | ||||||
Total Common Stocks (Cost $1,254,647) | 1,366,557 | |||||
Coupon | ||||||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
3,4 | Vanguard Market Liquidity Fund (Cost $4,842) | 0.077% | 48,418 | 4,842 | ||
Total Investments (100.2%) (Cost $1,259,489) | 1,371,399 | |||||
Other Assets and Liabilities—Net (-0.2%) | (2,117) | |||||
Net Assets (100%) | 1,369,282 |
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 $3,312,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $3,463,000 was received for securities on loan. |
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 2021 | 26 | 2,856 | (224) |
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.
The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2021, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 1,363,566 | — | 2,991 | 1,366,557 |
Temporary Cash Investments | 4,842 | — | — | 4,842 |
Total | 1,368,408 | — | 2,991 | 1,371,399 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 224 | — | — | 224 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |