Vanguard® S&P Small-Cap 600 Index Fund
Schedule of Investments (unaudited)
As of May 31, 2022
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 (1.9%) | ||||||
Cogent Communications Holdings Inc. | 179,721 | 10,853 | ||||
* | TechTarget Inc. | 112,776 | 8,017 | |||
* | Cinemark Holdings Inc. | 451,384 | 7,665 | |||
Telephone & Data Systems Inc. | 417,886 | 7,409 | ||||
* | Gogo Inc. | 283,588 | 5,746 | |||
* | AMC Networks Inc. Class A | 123,596 | 4,852 | |||
Shenandoah Telecommunications Co. | 211,234 | 4,850 | ||||
Scholastic Corp. | 128,179 | 4,811 | ||||
* | EW Scripps Co. Class A | 241,754 | 3,837 | |||
* | Cars.com Inc. | 274,992 | 2,846 | |||
* | Gannett Co. Inc. | 605,414 | 2,379 | |||
* | QuinStreet Inc. | 212,260 | 2,335 | |||
ATN International Inc. | 46,387 | 2,045 | ||||
* | Consolidated Communications Holdings Inc. | 302,726 | 2,004 | |||
* | Thryv Holdings Inc. | 72,213 | 1,891 | |||
* | Marcus Corp. | 93,094 | 1,459 | |||
* | Loyalty Ventures Inc. | 84,922 | 900 | |||
73,899 | ||||||
Consumer Discretionary (11.8%) | ||||||
* | Asbury Automotive Group Inc. | 97,975 | 17,748 | |||
* | Meritage Homes Corp. | 158,020 | 13,481 | |||
Signet Jewelers Ltd. | 222,877 | 13,283 | ||||
Group 1 Automotive Inc. | 72,844 | 13,082 | ||||
LCI Industries | 107,061 | 12,796 | ||||
Academy Sports & Outdoors Inc. | 371,270 | 12,441 | ||||
* | Dorman Products Inc. | 120,563 | 12,183 | |||
Steven Madden Ltd. | 324,101 | 12,050 | ||||
* | Sonos Inc. | 540,564 | 11,963 | |||
* | Boot Barn Holdings Inc. | 125,721 | 10,146 | |||
* | Tri Pointe Homes Inc. | 470,959 | 9,923 | |||
* | Gentherm Inc. | 140,517 | 9,687 | |||
Installed Building Products Inc. | 99,176 | 9,475 | ||||
* | Vista Outdoor Inc. | 238,391 | 9,188 | |||
MDC Holdings Inc. | 240,511 | 9,183 | ||||
* | LGI Homes Inc. | 90,525 | 8,871 | |||
Kontoor Brands Inc. | 201,157 | 8,060 | ||||
* | Shake Shack Inc. Class A | 165,523 | 8,053 | |||
* | Cavco Industries Inc. | 36,116 | 8,024 | |||
Wolverine World Wide Inc. | 348,187 | 7,430 | ||||
* | ODP Corp. | 194,040 | 7,410 | |||
Bloomin' Brands Inc. | 344,801 | 7,279 |
Shares | Market Value ($000) | |||||
* | Sally Beauty Holdings Inc. | 465,258 | 7,053 | |||
Rent-A-Center Inc. | 255,706 | 7,042 | ||||
Winnebago Industries Inc. | 140,982 | 6,972 | ||||
* | Adtalem Global Education Inc. | 210,632 | 6,871 | |||
Century Communities Inc. | 125,665 | 6,832 | ||||
Monro Inc. | 141,826 | 6,725 | ||||
Cheesecake Factory Inc. | 205,142 | 6,700 | ||||
Strategic Education Inc. | 95,724 | 6,301 | ||||
* | Dave & Buster's Entertainment Inc. | 163,869 | 6,209 | |||
Oxford Industries Inc. | 67,112 | 6,118 | ||||
Jack in the Box Inc. | 89,229 | 6,094 | ||||
Shutterstock Inc. | 98,351 | 5,921 | ||||
* | M/I Homes Inc. | 123,077 | 5,754 | |||
* | Brinker International Inc. | 188,736 | 5,728 | |||
Patrick Industries Inc. | 95,046 | 5,713 | ||||
* | iRobot Corp. | 113,998 | 5,425 | |||
Dine Brands Global Inc. | 72,804 | 5,350 | ||||
Sturm Ruger & Co. Inc. | 74,403 | 5,051 | ||||
* | Abercrombie & Fitch Co. Class A | 239,583 | 4,897 | |||
La-Z-Boy Inc. | 185,694 | 4,741 | ||||
* | G-III Apparel Group Ltd. | 184,874 | 4,633 | |||
Caleres Inc. | 161,076 | 4,584 | ||||
* | Sleep Number Corp. | 95,762 | 4,398 | |||
Buckle Inc. | 124,210 | 4,082 | ||||
* | Golden Entertainment Inc. | 86,022 | 4,067 | |||
Designer Brands Inc. Class A | 260,856 | 4,051 | ||||
Sonic Automotive Inc. Class A | 87,744 | 4,002 | ||||
* | American Axle & Manufacturing Holdings Inc. | 482,465 | 3,913 | |||
* | MarineMax Inc. | 92,704 | 3,839 | |||
* | Monarch Casino & Resort Inc. | 55,459 | 3,763 | |||
* | XPEL Inc. | 70,066 | 3,617 | |||
*,1 | Bed Bath & Beyond Inc. | 407,395 | 3,524 | |||
1 | Guess? Inc. | 164,865 | 3,439 | |||
* | Genesco Inc. | 58,062 | 3,269 | |||
Standard Motor Products Inc. | 80,960 | 3,234 | ||||
* | Perdoceo Education Corp. | 296,419 | 3,234 | |||
1 | Big Lots Inc. | 129,153 | 3,163 | |||
* | America's Car-Mart Inc. | 25,643 | 2,780 | |||
Hibbett Inc. | 54,431 | 2,762 | ||||
* | Children's Place Inc. | 57,706 | 2,740 | |||
* | Zumiez Inc. | 82,721 | 2,714 | |||
* | BJ's Restaurants Inc. | 99,164 | 2,605 | |||
Aaron's Co. Inc. | 132,976 | 2,601 | ||||
* | Chico's FAS Inc. | 519,147 | 2,570 | |||
Ruth's Hospitality Group Inc. | 134,073 | 2,471 | ||||
Movado Group Inc. | 69,430 | 2,356 | ||||
Ethan Allen Interiors Inc. | 93,354 | 2,171 | ||||
Shoe Carnival Inc. | 73,747 | 2,010 | ||||
1 | PetMed Express Inc. | 89,146 | 1,964 | |||
* | Chuy's Holdings Inc. | 84,367 | 1,906 | |||
Haverty Furniture Cos. Inc. | 63,292 | 1,789 | ||||
* | WW International Inc. | 226,713 | 1,607 | |||
* | Liquidity Services Inc. | 113,110 | 1,534 | |||
* | Universal Electronics Inc. | 55,823 | 1,496 | |||
* | LL Flooring Holdings Inc. | 124,085 | 1,490 | |||
* | Fossil Group Inc. | 202,366 | 1,485 | |||
* | Tupperware Brands Corp. | 205,555 | 1,363 | |||
* | Motorcar Parts of America Inc. | 82,048 | 1,217 |
Shares | Market Value ($000) | |||||
* | American Public Education Inc. | 79,981 | 1,115 | |||
* | Conn's Inc. | 81,686 | 1,078 | |||
Cato Corp. Class A | 80,730 | 1,054 | ||||
* | Unifi Inc. | 58,229 | 921 | |||
* | El Pollo Loco Holdings Inc. | 82,833 | 858 | |||
* | Vera Bradley Inc. | 107,030 | 729 | |||
* | Red Robin Gourmet Burgers Inc. | 65,929 | 649 | |||
468,100 | ||||||
Consumer Staples (5.1%) | ||||||
* | Simply Good Foods Co. | 358,291 | 14,317 | |||
* | Hostess Brands Inc. Class A | 586,019 | 12,453 | |||
Coca-Cola Consolidated Inc. | 19,633 | 11,092 | ||||
WD-40 Co. | 57,984 | 10,947 | ||||
* | Celsius Holdings Inc. | 162,043 | 10,871 | |||
* | United Natural Foods Inc. | 246,123 | 10,438 | |||
* | TreeHouse Foods Inc. | 235,932 | 9,701 | |||
Edgewell Personal Care Co. | 228,684 | 8,324 | ||||
Medifast Inc. | 49,288 | 8,219 | ||||
J & J Snack Foods Corp. | 63,024 | 8,081 | ||||
PriceSmart Inc. | 102,031 | 8,023 | ||||
Cal-Maine Foods Inc. | 158,328 | 7,557 | ||||
* | Central Garden & Pet Co. Class A | 167,905 | 7,107 | |||
Vector Group Ltd. | 553,356 | 6,812 | ||||
Universal Corp. | 104,334 | 6,644 | ||||
1 | B&G Foods Inc. | 274,384 | 6,204 | |||
Inter Parfums Inc. | 75,146 | 5,546 | ||||
* | elf Beauty Inc. | 202,786 | 5,398 | |||
SpartanNash Co. | 151,969 | 5,229 | ||||
MGP Ingredients Inc. | 52,934 | 5,127 | ||||
* | Chefs' Warehouse Inc. | 137,752 | 4,922 | |||
National Beverage Corp. | 98,643 | 4,896 | ||||
Andersons Inc. | 128,661 | 4,839 | ||||
Fresh Del Monte Produce Inc. | 140,759 | 3,595 | ||||
* | USANA Health Sciences Inc. | 49,378 | 3,473 | |||
John B Sanfilippo & Son Inc. | 37,810 | 2,888 | ||||
Calavo Growers Inc. | 74,806 | 2,547 | ||||
Tootsie Roll Industries Inc. | 75,548 | 2,498 | ||||
* | Central Garden & Pet Co. | 40,986 | 1,852 | |||
* | Seneca Foods Corp. Class A | 25,719 | 1,462 | |||
201,062 | ||||||
Energy (6.6%) | ||||||
* | Southwestern Energy Co. | 4,719,284 | 43,040 | |||
SM Energy Co. | 513,999 | 24,811 | ||||
Civitas Resources Inc. | 304,964 | 23,284 | ||||
Helmerich & Payne Inc. | 446,658 | 22,489 | ||||
Patterson-UTI Energy Inc. | 910,834 | 17,379 | ||||
* | PBF Energy Inc. Class A | 402,347 | 13,358 | |||
* | Renewable Energy Group Inc. | 212,897 | 13,053 | |||
* | Callon Petroleum Co. | 199,824 | 11,682 | |||
* | Green Plains Inc. | 226,632 | 7,383 | |||
* | CONSOL Energy Inc. | 134,151 | 6,917 | |||
World Fuel Services Corp. | 267,161 | 6,623 | ||||
Archrock Inc. | 569,586 | 5,713 | ||||
* | US Silica Holdings Inc. | 315,772 | 5,583 | |||
Core Laboratories NV | 196,105 | 5,526 | ||||
* | Nabors Industries Ltd. | 32,834 | 5,476 | |||
* | Oceaneering International Inc. | 422,044 | 5,368 |
Shares | Market Value ($000) | |||||
* | Laredo Petroleum Inc. | 60,636 | 5,104 | |||
* | Dril-Quip Inc. | 149,633 | 4,704 | |||
* | ProPetro Holding Corp. | 358,452 | 4,678 | |||
* | Ranger Oil Corp. | 89,252 | 3,821 | |||
* | Talos Energy Inc. | 173,217 | 3,741 | |||
* | Par Pacific Holdings Inc. | 193,651 | 3,176 | |||
* | Bristow Group Inc. Class A | 98,017 | 3,116 | |||
* | RPC Inc. | 297,636 | 2,786 | |||
* | Helix Energy Solutions Group Inc. | 597,350 | 2,772 | |||
* | DMC Global Inc. | 81,521 | 2,255 | |||
* | Oil States International Inc. | 260,958 | 2,020 | |||
Dorian LPG Ltd. | 117,698 | 2,001 | ||||
* | REX American Resources Corp. | 22,062 | 1,917 | |||
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 8,451 | 443 | |||
260,219 | ||||||
Financials (18.2%) | ||||||
Assured Guaranty Ltd. | 295,535 | 17,392 | ||||
ServisFirst Bancshares Inc. | 206,830 | 17,241 | ||||
Independent Bank Corp. (Massachusetts) | 200,284 | 16,684 | ||||
BankUnited Inc. | 362,678 | 15,109 | ||||
Community Bank System Inc. | 228,115 | 15,056 | ||||
CVB Financial Corp. | 574,407 | 14,234 | ||||
American Equity Investment Life Holding Co. | 349,000 | 14,051 | ||||
United Community Banks Inc. | 443,754 | 13,947 | ||||
First Hawaiian Inc. | 539,935 | 13,828 | ||||
* | Mr Cooper Group Inc. | 318,108 | 13,793 | |||
Simmons First National Corp. Class A | 534,786 | 13,749 | ||||
Walker & Dunlop Inc. | 124,822 | 13,270 | ||||
Pacific Premier Bancorp Inc. | 399,744 | 13,016 | ||||
Ameris Bancorp | 280,180 | 12,773 | ||||
First Bancorp | 854,816 | 12,762 | ||||
WSFS Financial Corp. | 277,341 | 11,865 | ||||
Independent Bank Group Inc. | 155,749 | 11,382 | ||||
Columbia Banking System Inc. | 329,369 | 9,931 | ||||
* | Trupanion Inc. | 145,580 | 9,736 | |||
* | Axos Financial Inc. | 226,456 | 8,753 | |||
* | Genworth Financial Inc. Class A | 2,150,892 | 8,711 | |||
Flagstar Bancorp Inc. | 224,953 | 8,667 | ||||
Seacoast Banking Corp. of Florida | 247,946 | 8,490 | ||||
Banner Corp. | 144,905 | 8,420 | ||||
First Financial Bancorp | 400,980 | 8,413 | ||||
Piper Sandler Cos. | 59,632 | 7,859 | ||||
Two Harbors Investment Corp. | 1,454,667 | 7,768 | ||||
1 | Hilltop Holdings Inc. | 257,421 | 7,725 | |||
Lakeland Financial Corp. | 107,008 | 7,722 | ||||
Trustmark Corp. | 260,709 | 7,584 | ||||
Park National Corp. | 61,049 | 7,552 | ||||
Provident Financial Services Inc. | 323,162 | 7,430 | ||||
Hope Bancorp Inc. | 508,805 | 7,418 | ||||
Renasant Corp. | 235,789 | 7,295 | ||||
* | Triumph Bancorp Inc. | 100,019 | 7,275 | |||
BancFirst Corp. | 79,999 | 7,258 | ||||
Veritex Holdings Inc. | 208,769 | 7,194 | ||||
Apollo Commercial Real Estate Finance Inc. | 558,790 | 7,113 | ||||
Horace Mann Educators Corp. | 175,495 | 7,101 | ||||
* | PROG Holdings Inc. | 239,824 | 7,000 | |||
Northwest Bancshares Inc. | 535,434 | 6,902 | ||||
Westamerica Bancorp | 113,650 | 6,843 |
Shares | Market Value ($000) | |||||
* | PRA Group Inc. | 184,931 | 6,842 | |||
NBT Bancorp Inc. | 183,275 | 6,778 | ||||
* | NMI Holdings Inc. Class A | 362,567 | 6,747 | |||
Eagle Bancorp Inc. | 135,134 | 6,697 | ||||
* | Green Dot Corp. Class A | 231,226 | 6,669 | |||
PennyMac Mortgage Investment Trust | 402,428 | 6,511 | ||||
* | Encore Capital Group Inc. | 104,869 | 6,409 | |||
* | Palomar Holdings Inc. | 102,088 | 6,345 | |||
FB Financial Corp. | 150,768 | 6,335 | ||||
Stewart Information Services Corp. | 113,718 | 6,310 | ||||
OFG Bancorp | 209,848 | 5,947 | ||||
Virtus Investment Partners Inc. | 30,159 | 5,810 | ||||
Safety Insurance Group Inc. | 60,174 | 5,588 | ||||
First Commonwealth Financial Corp. | 398,428 | 5,582 | ||||
Capitol Federal Financial Inc. | 545,966 | 5,542 | ||||
Southside Bancshares Inc. | 136,758 | 5,515 | ||||
First Bancorp (XNGS) | 146,109 | 5,475 | ||||
* | StoneX Group Inc. | 72,368 | 5,433 | |||
Berkshire Hills Bancorp Inc. | 205,790 | 5,373 | ||||
* | Customers Bancorp Inc. | 128,271 | 5,298 | |||
Meta Financial Group Inc. | 126,229 | 5,247 | ||||
City Holding Co. | 63,907 | 5,246 | ||||
National Bank Holdings Corp. Class A | 126,643 | 5,161 | ||||
ProAssurance Corp. | 228,251 | 5,069 | ||||
* | Bancorp Inc. | 242,572 | 5,053 | |||
Redwood Trust Inc. | 484,877 | 4,946 | ||||
Employers Holdings Inc. | 118,221 | 4,896 | ||||
S&T Bancorp Inc. | 166,362 | 4,893 | ||||
New York Mortgage Trust Inc. | 1,604,262 | 4,861 | ||||
Brookline Bancorp Inc. | 328,144 | 4,650 | ||||
* | Enova International Inc. | 144,374 | 4,559 | |||
Banc of California Inc. | 228,751 | 4,401 | ||||
Dime Community Bancshares Inc. | 138,253 | 4,347 | ||||
Ready Capital Corp. | 284,339 | 4,174 | ||||
AMERISAFE Inc. | 81,851 | 4,125 | ||||
James River Group Holdings Ltd. | 157,677 | 4,029 | ||||
Preferred Bank | 57,085 | 3,911 | ||||
Heritage Financial Corp. | 148,437 | 3,874 | ||||
KKR Real Estate Finance Trust Inc. | 189,505 | 3,870 | ||||
* | Donnelley Financial Solutions Inc. | 123,326 | 3,837 | |||
Tompkins Financial Corp. | 50,211 | 3,827 | ||||
B. Riley Financial Inc. | 68,049 | 3,699 | ||||
* | Blucora Inc. | 206,021 | 3,645 | |||
Ellington Financial Inc. | 230,774 | 3,575 | ||||
HomeStreet Inc. | 84,949 | 3,424 | ||||
Allegiance Bancshares Inc. | 80,045 | 3,222 | ||||
* | LendingTree Inc. | 48,521 | 3,062 | |||
Brightsphere Investment Group Inc. | 148,232 | 3,022 | ||||
Hanmi Financial Corp. | 128,842 | 3,007 | ||||
United Fire Group Inc. | 91,493 | 2,965 | ||||
Franklin BSP Realty Trust Inc. | 186,176 | 2,882 | ||||
1 | ARMOUR Residential REIT Inc. | 378,887 | 2,864 | |||
Central Pacific Financial Corp. | 117,373 | 2,833 | ||||
WisdomTree Investments Inc. | 461,042 | 2,743 | ||||
TrustCo Bank Corp. | 81,228 | 2,616 | ||||
* | World Acceptance Corp. | 17,464 | 2,586 | |||
Granite Point Mortgage Trust Inc. | 228,771 | 2,517 | ||||
Northfield Bancorp Inc. | 183,701 | 2,441 |
Shares | Market Value ($000) | |||||
* | Invesco Mortgage Capital Inc. | 1,316,345 | 2,343 | |||
HCI Group Inc. | 33,934 | 2,307 | ||||
* | Ambac Financial Group Inc. | 195,212 | 2,091 | |||
* | SiriusPoint Ltd. | 363,942 | 2,038 | |||
* | EZCORP Inc. Class A | 226,256 | 1,715 | |||
* | Selectquote Inc. | 529,162 | 1,545 | |||
Universal Insurance Holdings Inc. | 119,486 | 1,541 | ||||
* | eHealth Inc. | 100,575 | 1,056 | |||
Greenhill & Co. Inc. | 56,990 | 701 | ||||
718,934 | ||||||
Health Care (11.5%) | ||||||
* | Omnicell Inc. | 185,993 | 20,675 | |||
* | Lantheus Holdings Inc. | 286,499 | 19,631 | |||
* | AMN Healthcare Services Inc. | 200,022 | 19,382 | |||
Ensign Group Inc. | 221,608 | 17,988 | ||||
CONMED Corp. | 124,026 | 14,423 | ||||
* | Cytokinetics Inc. | 354,864 | 14,159 | |||
* | Merit Medical Systems Inc. | 214,996 | 13,199 | |||
* | Pacira BioSciences Inc. | 188,419 | 11,918 | |||
* | Prestige Consumer Healthcare Inc. | 212,619 | 11,868 | |||
* | Integer Holdings Corp. | 139,864 | 11,158 | |||
Owens & Minor Inc. | 319,612 | 11,148 | ||||
Select Medical Holdings Corp. | 448,881 | 10,930 | ||||
* | Covetrus Inc. | 436,968 | 9,098 | |||
* | Allscripts Healthcare Solutions Inc. | 518,441 | 8,860 | |||
* | Corcept Therapeutics Inc. | 404,054 | 8,421 | |||
* | Glaukos Corp. | 198,988 | 8,125 | |||
* | Vir Biotechnology Inc. | 309,874 | 7,998 | |||
* | MEDNAX Inc. | 360,666 | 6,968 | |||
* | Emergent BioSolutions Inc. | 202,977 | 6,690 | |||
* | Myriad Genetics Inc. | 338,498 | 6,513 | |||
* | Supernus Pharmaceuticals Inc. | 225,523 | 6,285 | |||
* | Ligand Pharmaceuticals Inc. | 70,661 | 6,283 | |||
US Physical Therapy Inc. | 54,573 | 6,144 | ||||
* | Tivity Health Inc. | 187,220 | 6,066 | |||
*,1 | Apollo Medical Holdings Inc. | 159,702 | 5,995 | |||
* | Embecta Corp. | 240,767 | 5,966 | |||
* | CorVel Corp. | 39,704 | 5,922 | |||
* | Avanos Medical Inc. | 203,725 | 5,845 | |||
* | Amphastar Pharmaceuticals Inc. | 155,751 | 5,785 | |||
* | Addus HomeCare Corp. | 67,340 | 5,623 | |||
* | Dynavax Technologies Corp. | 471,707 | 5,594 | |||
* | Xencor Inc. | 247,217 | 5,520 | |||
* | Vericel Corp. | 197,945 | 5,374 | |||
* | Meridian Bioscience Inc. | 184,084 | 5,062 | |||
* | ModivCare Inc. | 52,088 | 4,971 | |||
* | Natus Medical Inc. | 144,380 | 4,734 | |||
Mesa Laboratories Inc. | 22,179 | 4,641 | ||||
* | Heska Corp. | 45,286 | 4,519 | |||
* | Fulgent Genetics Inc. | 81,990 | 4,469 | |||
* | NeoGenomics Inc. | 520,633 | 4,384 | |||
* | NextGen Healthcare Inc. | 238,335 | 4,316 | |||
* | Harmony Biosciences Holdings Inc. | 96,417 | 4,204 | |||
* | RadNet Inc. | 197,125 | 4,047 | |||
* | Innoviva Inc. | 264,416 | 4,011 | |||
* | Varex Imaging Corp. | 167,413 | 3,857 | |||
LeMaitre Vascular Inc. | 81,217 | 3,713 | ||||
* | Arcus Biosciences Inc. | 193,072 | 3,659 |
Shares | Market Value ($000) | |||||
* | Avid Bioservices Inc. | 260,563 | 3,484 | |||
* | REGENXBIO Inc. | 159,183 | 3,349 | |||
* | Artivion Inc. | 166,435 | 3,256 | |||
* | AngioDynamics Inc. | 163,775 | 3,215 | |||
Simulations Plus Inc. | 66,615 | 3,163 | ||||
* | Cutera Inc. | 69,086 | 3,108 | |||
* | Enanta Pharmaceuticals Inc. | 77,162 | 3,081 | |||
* | Cardiovascular Systems Inc. | 171,878 | 2,795 | |||
* | Community Health Systems Inc. | 525,261 | 2,752 | |||
* | Nektar Therapeutics | 781,217 | 2,719 | |||
* | Cross Country Healthcare Inc. | 149,755 | 2,643 | |||
* | Hanger Inc. | 155,410 | 2,454 | |||
* | Surmodics Inc. | 59,371 | 2,329 | |||
* | Vanda Pharmaceuticals Inc. | 235,077 | 2,311 | |||
* | Orthofix Medical Inc. | 83,698 | 2,301 | |||
* | Collegium Pharmaceutical Inc. | 146,625 | 2,290 | |||
* | Eagle Pharmaceuticals Inc. | 47,925 | 2,238 | |||
* | Inogen Inc. | 86,751 | 2,228 | |||
* | Pennant Group Inc. | 114,835 | 2,197 | |||
* | uniQure NV | 152,967 | 2,197 | |||
* | HealthStream Inc. | 107,224 | 2,184 | |||
* | Computer Programs & Systems Inc. | 62,217 | 1,984 | |||
* | Coherus Biosciences Inc. | 269,543 | 1,978 | |||
* | OptimizeRx Corp. | 75,468 | 1,931 | |||
* | Zimvie Inc. | 88,600 | 1,929 | |||
* | BioLife Solutions Inc. | 126,836 | 1,740 | |||
Phibro Animal Health Corp. Class A | 86,472 | 1,661 | ||||
* | ANI Pharmaceuticals Inc. | 53,817 | 1,628 | |||
* | Organogenesis Holdings Inc. Class A | 268,068 | 1,504 | |||
* | iTeos Therapeutics Inc. | 85,566 | 1,497 | |||
* | Cara Therapeutics Inc. | 177,591 | 1,478 | |||
* | Anika Therapeutics Inc. | 61,381 | 1,334 | |||
* | OraSure Technologies Inc. | 306,339 | 1,271 | |||
* | Joint Corp. | 60,589 | 1,011 | |||
* | Tactile Systems Technology Inc. | 83,166 | 845 | |||
1 | Zynex Inc. | 96,327 | 702 | |||
* | Endo International plc | 982,776 | 519 | |||
*,2 | Lantheus Holdings Inc. CVR | 276,566 | — | |||
455,447 | ||||||
Industrials (16.0%) | ||||||
UFP Industries Inc. | 262,265 | 20,247 | ||||
Exponent Inc. | 220,533 | 19,934 | ||||
Applied Industrial Technologies Inc. | 162,807 | 16,836 | ||||
John Bean Technologies Corp. | 134,503 | 16,376 | ||||
Matson Inc. | 177,984 | 15,997 | ||||
* | Resideo Technologies Inc. | 611,402 | 14,441 | |||
Korn Ferry | 230,422 | 14,162 | ||||
ABM Industries Inc. | 285,090 | 13,784 | ||||
Comfort Systems USA Inc. | 152,633 | 13,694 | ||||
Mueller Industries Inc. | 242,936 | 13,082 | ||||
* | Aerojet Rocketdyne Holdings Inc. | 317,144 | 12,920 | |||
Hillenbrand Inc. | 308,377 | 12,902 | ||||
Boise Cascade Co. | 166,568 | 12,879 | ||||
Franklin Electric Co. Inc. | 165,188 | 12,178 | ||||
Albany International Corp. Class A | 137,152 | 11,576 | ||||
ManTech International Corp. Class A | 116,756 | 11,168 | ||||
* | Meritor Inc. | 299,825 | 10,845 | |||
Arcosa Inc. | 204,736 | 10,824 |
Shares | Market Value ($000) | |||||
Encore Wire Corp. | 85,816 | 10,729 | ||||
Forward Air Corp. | 114,199 | 10,642 | ||||
UniFirst Corp. | 64,433 | 10,531 | ||||
* | Hub Group Inc. Class A | 143,756 | 10,491 | |||
Moog Inc. Class A | 123,106 | 10,020 | ||||
Brady Corp. Class A | 204,640 | 9,927 | ||||
* | SPX Corp. | 192,421 | 9,685 | |||
* | Allegiant Travel Co. | 64,386 | 9,622 | |||
AAON Inc. | 175,501 | 9,403 | ||||
Federal Signal Corp. | 258,797 | 9,084 | ||||
* | GMS Inc. | 182,051 | 9,068 | |||
* | AeroVironment Inc. | 97,583 | 8,974 | |||
* | Veritiv Corp. | 58,624 | 8,521 | |||
EnPro Industries Inc. | 87,403 | 8,370 | ||||
* | KAR Auction Services Inc. | 512,375 | 8,183 | |||
* | Atlas Air Worldwide Holdings Inc. | 114,153 | 7,958 | |||
ArcBest Corp. | 105,162 | 7,953 | ||||
ESCO Technologies Inc. | 109,909 | 7,233 | ||||
Barnes Group Inc. | 196,926 | 7,095 | ||||
HNI Corp. | 184,199 | 7,023 | ||||
* | AAR Corp. | 140,985 | 6,798 | |||
* | CoreCivic Inc. | 508,757 | 6,548 | |||
* | MYR Group Inc. | 71,343 | 6,536 | |||
Griffon Corp. | 199,941 | 6,412 | ||||
Granite Construction Inc. | 193,718 | 6,325 | ||||
* | NV5 Global Inc. | 50,148 | 6,177 | |||
Lindsay Corp. | 46,398 | 5,846 | ||||
* | Gibraltar Industries Inc. | 138,159 | 5,770 | |||
* | SkyWest Inc. | 213,078 | 5,745 | |||
Greenbrier Cos. Inc. | 137,601 | 5,726 | ||||
* | Proto Labs Inc. | 116,652 | 5,621 | |||
Healthcare Services Group Inc. | 315,195 | 5,412 | ||||
* | NOW Inc. | 467,486 | 5,161 | |||
* | PGT Innovations Inc. | 252,141 | 5,068 | |||
Enerpac Tool Group Corp. Class A | 255,036 | 4,978 | ||||
Alamo Group Inc. | 41,848 | 4,923 | ||||
Tennant Co. | 78,363 | 4,877 | ||||
Standex International Corp. | 51,726 | 4,816 | ||||
AZZ Inc. | 104,429 | 4,674 | ||||
Astec Industries Inc. | 96,268 | 4,502 | ||||
Marten Transport Ltd. | 252,809 | 4,439 | ||||
Apogee Enterprises Inc. | 105,149 | 4,374 | ||||
Matthews International Corp. Class A | 133,401 | 4,317 | ||||
Deluxe Corp. | 180,160 | 4,311 | ||||
Kaman Corp. | 117,762 | 4,264 | ||||
* | Triumph Group Inc. | 273,207 | 4,180 | |||
* | Titan International Inc. | 216,297 | 3,939 | |||
* | Hawaiian Holdings Inc. | 216,585 | 3,844 | |||
* | GEO Group Inc. | 518,263 | 3,685 | |||
* | American Woodmark Corp. | 70,073 | 3,649 | |||
Interface Inc. Class A | 249,713 | 3,593 | ||||
Insteel Industries Inc. | 82,083 | 3,399 | ||||
* | TrueBlue Inc. | 150,056 | 3,304 | |||
Pitney Bowes Inc. | 699,885 | 3,275 | ||||
Wabash National Corp. | 207,167 | 3,180 | ||||
Kelly Services Inc. Class A | 152,249 | 3,039 | ||||
Quanex Building Products Corp. | 141,426 | 2,877 | ||||
Heidrick & Struggles International Inc. | 82,798 | 2,861 |
Shares | Market Value ($000) | |||||
Heartland Express Inc. | 196,541 | 2,807 | ||||
* | Harsco Corp. | 335,492 | 2,785 | |||
* | Viad Corp. | 86,784 | 2,614 | |||
* | Forrester Research Inc. | 47,153 | 2,468 | |||
Resources Connection Inc. | 129,709 | 2,396 | ||||
* | DXP Enterprises Inc. | 73,238 | 2,247 | |||
* | CIRCOR International Inc. | 86,144 | 1,675 | |||
National Presto Industries Inc. | 21,558 | 1,457 | ||||
Powell Industries Inc. | 38,012 | 1,022 | ||||
Park Aerospace Corp. | 82,070 | 1,000 | ||||
633,273 | ||||||
Information Technology (13.1%) | ||||||
* | Rogers Corp. | 79,337 | 21,054 | |||
* | Vonage Holdings Corp. | 1,068,685 | 20,700 | |||
* | ExlService Holdings Inc. | 140,925 | 20,038 | |||
* | Onto Innovation Inc. | 208,677 | 16,773 | |||
* | SPS Commerce Inc. | 152,189 | 16,290 | |||
* | Diodes Inc. | 190,635 | 14,681 | |||
* | Insight Enterprises Inc. | 147,722 | 14,598 | |||
Kulicke & Soffa Industries Inc. | 263,845 | 14,292 | ||||
* | Viavi Solutions Inc. | 974,086 | 14,095 | |||
* | Perficient Inc. | 139,511 | 13,660 | |||
* | Fabrinet | 156,690 | 13,612 | |||
* | FormFactor Inc. | 331,202 | 13,599 | |||
Advanced Energy Industries Inc. | 159,545 | 12,997 | ||||
* | Alarm.com Holdings Inc. | 195,063 | 12,334 | |||
* | MaxLinear Inc. Class A | 299,217 | 11,846 | |||
* | Sanmina Corp. | 269,426 | 11,825 | |||
* | Rambus Inc. | 463,276 | 11,628 | |||
* | NetScout Systems Inc. | 312,948 | 10,744 | |||
* | Plexus Corp. | 119,044 | 10,095 | |||
* | Itron Inc. | 191,814 | 9,900 | |||
Badger Meter Inc. | 124,058 | 9,818 | ||||
EVERTEC Inc. | 253,149 | 9,604 | ||||
Progress Software Corp. | 187,518 | 9,059 | ||||
* | Axcelis Technologies Inc. | 140,827 | 8,740 | |||
CSG Systems International Inc. | 137,727 | 8,565 | ||||
InterDigital Inc. | 129,738 | 8,471 | ||||
* | Knowles Corp. | 388,292 | 7,463 | |||
Xperi Holding Corp. | 441,975 | 7,275 | ||||
* | Plantronics Inc. | 180,910 | 7,142 | |||
Methode Electronics Inc. | 157,588 | 7,099 | ||||
* | ePlus Inc. | 113,697 | 6,451 | |||
* | Ultra Clean Holdings Inc. | 189,763 | 6,368 | |||
* | TTM Technologies Inc. | 441,351 | 6,307 | |||
* | Cohu Inc. | 205,738 | 6,261 | |||
* | 3D Systems Corp. | 540,063 | 5,838 | |||
* | OSI Systems Inc. | 69,520 | 5,834 | |||
* | Photronics Inc. | 260,648 | 5,666 | |||
CTS Corp. | 136,243 | 5,541 | ||||
* | Extreme Networks Inc. | 546,451 | 5,421 | |||
* | Cerence Inc. | 165,626 | 5,260 | |||
TTEC Holdings Inc. | 77,486 | 5,226 | ||||
* | SMART Global Holdings Inc. | 198,406 | 4,891 | |||
* | LivePerson Inc. | 285,256 | 4,787 | |||
* | Veeco Instruments Inc. | 213,578 | 4,577 | |||
* | ScanSource Inc. | 108,270 | 4,194 | |||
* | Harmonic Inc. | 435,365 | 4,193 |
Shares | Market Value ($000) | |||||
* | Alpha & Omega Semiconductor Ltd. | 89,101 | 3,914 | |||
A10 Networks Inc. | 252,469 | 3,891 | ||||
ADTRAN Inc. | 207,632 | 3,847 | ||||
Benchmark Electronics Inc. | 148,934 | 3,796 | ||||
* | Ichor Holdings Ltd. | 120,146 | 3,633 | |||
* | 8x8 Inc. | 500,295 | 3,627 | |||
* | CEVA Inc. | 97,205 | 3,506 | |||
* | Unisys Corp. | 284,000 | 3,388 | |||
* | Agilysys Inc. | 82,670 | 3,379 | |||
* | Digi International Inc. | 147,887 | 3,268 | |||
* | Consensus Cloud Solutions Inc. | 67,364 | 3,236 | |||
* | PDF Solutions Inc. | 126,315 | 3,019 | |||
Ebix Inc. | 100,749 | 2,937 | ||||
* | Arlo Technologies Inc. | 356,806 | 2,526 | |||
* | FARO Technologies Inc. | 77,025 | 2,482 | |||
* | NETGEAR Inc. | 124,088 | 2,364 | |||
* | Corsair Gaming Inc. | 140,097 | 2,249 | |||
PC Connection Inc. | 46,717 | 2,089 | ||||
* | OneSpan Inc. | 146,131 | 1,933 | |||
Comtech Telecommunications Corp. | 112,189 | 1,403 | ||||
* | CalAmp Corp. | 153,034 | 1,111 | |||
* | Diebold Nixdorf Inc. | 307,034 | 955 | |||
517,365 | ||||||
Materials (5.7%) | ||||||
* | Livent Corp. | 684,553 | 21,762 | |||
Balchem Corp. | 137,079 | 17,057 | ||||
HB Fuller Co. | 223,665 | 15,898 | ||||
* | Allegheny Technologies Inc. | 538,826 | 14,818 | |||
* | Arconic Corp. | 450,970 | 12,686 | |||
* | O-I Glass Inc. | 659,752 | 10,853 | |||
Innospec Inc. | 104,397 | 10,652 | ||||
Stepan Co. | 90,217 | 10,114 | ||||
Quaker Chemical Corp. | 56,752 | 8,876 | ||||
Trinseo plc | 164,214 | 7,766 | ||||
* | Sylvamo Corp. | 149,211 | 7,571 | |||
Warrior Met Coal Inc. | 217,381 | 7,308 | ||||
Carpenter Technology Corp. | 204,094 | 7,190 | ||||
* | GCP Applied Technologies Inc. | 228,839 | 7,121 | |||
Materion Corp. | 86,418 | 7,085 | ||||
Kaiser Aluminum Corp. | 67,078 | 6,853 | ||||
Compass Minerals International Inc. | 144,049 | 6,472 | ||||
AdvanSix Inc. | 118,951 | 5,511 | ||||
* | TimkenSteel Corp. | 173,890 | 4,017 | |||
Myers Industries Inc. | 153,200 | 3,646 | ||||
Schweitzer-Mauduit International Inc. | 133,008 | 3,607 | ||||
Hawkins Inc. | 79,456 | 2,873 | ||||
SunCoke Energy Inc. | 352,010 | 2,848 | ||||
American Vanguard Corp. | 114,044 | 2,815 | ||||
Neenah Inc. | 70,960 | 2,690 | ||||
* | Century Aluminum Co. | 213,690 | 2,521 | |||
Mercer International Inc. | 170,639 | 2,520 | ||||
Koppers Holdings Inc. | 90,363 | 2,449 | ||||
* | Clearwater Paper Corp. | 70,851 | 2,434 | |||
Haynes International Inc. | 52,931 | 2,025 | ||||
Glatfelter Corp. | 189,683 | 1,635 | ||||
Olympic Steel Inc. | 39,642 | 1,355 | ||||
Tredegar Corp. | 109,276 | 1,323 | ||||
* | Rayonier Advanced Materials Inc. | 271,266 | 1,044 |
Shares | Market Value ($000) | |||||
FutureFuel Corp. | 109,026 | 784 | ||||
226,179 | ||||||
Real Estate (7.7%) | ||||||
Agree Realty Corp. | 301,800 | 20,996 | ||||
Innovative Industrial Properties Inc. | 115,188 | 15,326 | ||||
LXP Industrial Trust | 1,197,660 | 13,845 | ||||
SITE Centers Corp. | 760,533 | 11,956 | ||||
Essential Properties Realty Trust Inc. | 514,949 | 11,782 | ||||
Uniti Group Inc. | 1,000,024 | 11,340 | ||||
Retail Opportunity Investments Corp. | 513,519 | 9,279 | ||||
* | DiamondRock Hospitality Co. | 892,615 | 9,185 | |||
Four Corners Property Trust Inc. | 327,782 | 9,037 | ||||
* | Xenia Hotels & Resorts Inc. | 484,018 | 8,901 | |||
Urban Edge Properties | 467,139 | 8,806 | ||||
Washington REIT | 358,681 | 8,712 | ||||
Brandywine Realty Trust | 725,421 | 8,089 | ||||
1 | Tanger Factory Outlet Centers Inc. | 441,120 | 7,724 | |||
CareTrust REIT Inc. | 410,351 | 7,604 | ||||
American Assets Trust Inc. | 222,674 | 7,593 | ||||
Acadia Realty Trust | 374,108 | 7,355 | ||||
Easterly Government Properties Inc. Class A | 364,291 | 7,151 | ||||
NexPoint Residential Trust Inc. | 96,085 | 7,060 | ||||
St. Joe Co. | 139,438 | 7,040 | ||||
LTC Properties Inc. | 166,484 | 6,450 | ||||
Global Net Lease Inc. | 438,246 | 6,342 | ||||
Alexander & Baldwin Inc. | 306,719 | 6,257 | ||||
* | Realogy Holdings Corp. | 493,055 | 6,104 | |||
* | Veris Residential Inc. | 338,408 | 5,445 | |||
Centerspace | 63,429 | 5,263 | ||||
iStar Inc. | 293,787 | 5,112 | ||||
Getty Realty Corp. | 166,794 | 4,660 | ||||
Marcus & Millichap Inc. | 105,665 | 4,425 | ||||
Service Properties Trust | 698,156 | 4,419 | ||||
Office Properties Income Trust | 204,796 | 4,364 | ||||
RPT Realty | 356,359 | 4,337 | ||||
Industrial Logistics Properties Trust | 276,566 | 4,220 | ||||
* | Summit Hotel Properties Inc. | 450,063 | 3,934 | |||
Armada Hoffler Properties Inc. | 284,640 | 3,922 | ||||
Community Healthcare Trust Inc. | 99,327 | 3,743 | ||||
Orion Office REIT Inc. | 239,475 | 3,192 | ||||
Universal Health Realty Income Trust | 54,192 | 2,909 | ||||
Saul Centers Inc. | 55,233 | 2,710 | ||||
Safehold Inc. | 59,762 | 2,680 | ||||
* | Chatham Lodging Trust | 206,088 | 2,626 | |||
Whitestone REIT | 195,707 | 2,405 | ||||
Diversified Healthcare Trust | 1,009,377 | 2,291 | ||||
Urstadt Biddle Properties Inc. Class A | 127,933 | 2,252 | ||||
RE/MAX Holdings Inc. Class A | 80,293 | 1,951 | ||||
Franklin Street Properties Corp. | 404,051 | 1,826 | ||||
Douglas Elliman Inc. | 281,452 | 1,618 | ||||
* | Hersha Hospitality Trust Class A | 140,785 | 1,546 | |||
305,784 | ||||||
Utilities (2.1%) | ||||||
South Jersey Industries Inc. | 476,252 | 16,597 | ||||
Avista Corp. | 299,692 | 13,019 | ||||
American States Water Co. | 156,324 | 12,389 | ||||
California Water Service Group | 222,857 | 11,961 |
Shares | Market Value ($000) | |||||
Chesapeake Utilities Corp. | 74,579 | 9,961 | ||||
Northwest Natural Holding Co. | 129,976 | 7,056 | ||||
Middlesex Water Co. | 73,983 | 6,291 | ||||
Unitil Corp. | 67,541 | 3,905 | ||||
81,179 | ||||||
Total Common Stocks (Cost $3,801,802) | 3,941,441 | |||||
Coupon | ||||||
Temporary Cash Investments (0.7%) | ||||||
Money Market Fund (0.7%) | ||||||
3,4 | Vanguard Market Liquidity Fund (Cost $29,067) | 0.854% | 290,720 | 29,069 | ||
Total Investments (100.4%) (Cost $3,830,869) | 3,970,510 | |||||
Other Assets and Liabilities—Net (-0.4%) | (17,031) | |||||
Net Assets (100%) | 3,953,479 |
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 $21,083,000. |
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 $22,530,000 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 | June 2022 | 127 | 11,823 | (178) |
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 May 31, 2022, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 3,941,441 | — | — | 3,941,441 |
Temporary Cash Investments | 29,069 | — | — | 29,069 |
Total | 3,970,510 | — | — | 3,970,510 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 178 | — | — | 178 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |