NPORT-EX 2 vg_russell1000growthindex.htm
Vanguard® Russell 1000 Growth Index Fund
Schedule of Investments (unaudited)
As of May 31, 2024
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 (99.9%)
Basic Materials (0.4%)
  Ecolab Inc.    193,791     44,998
  Fastenal Co.    428,633     28,281
  Linde plc     45,697     19,902
  Southern Copper Corp.     86,370     10,246
  Avery Dennison Corp.     26,593      6,053
  Scotts Miracle-Gro Co.     41,851      2,917
* Valvoline Inc.     33,922      1,377
  FMC Corp.     18,624      1,135
                114,909
Consumer Discretionary (18.0%)
* Amazon.com Inc.  9,036,451  1,594,391
* Tesla Inc.  2,767,397    492,818
  Costco Wholesale Corp.    444,358    359,881
  Home Depot Inc.  1,003,118    335,914
* Netflix Inc.    428,157    274,714
  Booking Holdings Inc.     34,983    132,108
* Uber Technologies Inc.  1,973,743    127,425
  TJX Cos. Inc.  1,143,225    117,866
  Lowe's Cos. Inc.    424,559     93,951
  Starbucks Corp.  1,114,731     89,424
* Chipotle Mexican Grill Inc.     27,546     86,206
  McDonald's Corp.    302,098     78,210
  Target Corp.    461,276     72,033
* Airbnb Inc. Class A    415,235     60,180
  NIKE Inc. Class B    628,006     59,692
  Marriott International Inc. Class A    240,558     55,610
* O'Reilly Automotive Inc.     50,260     48,413
* Copart Inc.    860,019     45,633
  Ross Stores Inc.    309,132     43,204
* Spotify Technology SA    140,514     41,702
* Trade Desk Inc. Class A    441,749     40,985
* AutoZone Inc.     14,449     40,023
* Lululemon Athletica Inc.    111,548     34,802
  Yum! Brands Inc.    246,769     33,913
  Tractor Supply Co.    108,301     30,897
  Dollar General Corp.    219,627     30,069
* Deckers Outdoor Corp.     25,635     28,043
* Coupang Inc.  1,098,146     24,972
  Hilton Worldwide Holdings Inc.    114,360     22,941
* Ulta Beauty Inc.     48,604     19,203
  Domino's Pizza Inc.     34,996     17,798
* Roblox Corp. Class A    471,055     15,837
* Burlington Stores Inc.     64,740     15,541
  Las Vegas Sands Corp.    344,410     15,509
* DraftKings Inc. Class A    418,917     14,717
  Pool Corp.     38,070     13,840
* Floor & Decor Holdings Inc. Class A    104,272     12,185
  Rollins Inc.    255,794     11,687
  Texas Roadhouse Inc.     66,971     11,564
* Expedia Group Inc.     97,578     11,013
  Wingstop Inc.     29,451     10,857
* Royal Caribbean Cruises Ltd.     70,615     10,428
  RB Global Inc. (XTSE)    139,245     10,120
* Crocs Inc.     59,535      9,266
  Churchill Downs Inc.     71,255      9,227
  Estee Lauder Cos. Inc. Class A     72,643      8,961
  Darden Restaurants Inc.     55,808      8,393
  Murphy USA Inc.     18,467      8,102
* Five Below Inc.     54,926      7,587
1

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  TKO Group Holdings Inc.     61,950      6,757
* Lyft Inc. Class A    349,699      5,459
  H&R Block Inc.     93,045      4,619
* Etsy Inc.     66,924      4,248
* BJ's Wholesale Club Holdings Inc.     46,050      4,056
  Service Corp. International     52,252      3,744
* YETI Holdings Inc.     86,714      3,533
* Cava Group Inc.     37,211      3,444
1 Choice Hotels International Inc.     29,531      3,343
* Live Nation Entertainment Inc.     35,407      3,319
* Caesars Entertainment Inc.     84,206      2,994
  Wendy's Co.    168,305      2,937
* American Airlines Group Inc.    241,247      2,774
* Planet Fitness Inc. Class A     40,693      2,590
  Williams-Sonoma Inc.      8,327      2,442
  Best Buy Co. Inc.     26,404      2,240
* SiteOne Landscape Supply Inc.     14,310      2,215
  U-Haul Holding Co.     35,751      2,173
* NVR Inc.        262      2,012
  Nexstar Media Group Inc.     11,123      1,843
* Wayfair Inc. Class A     29,451      1,752
  eBay Inc.     32,200      1,746
  Tempur Sealy International Inc.     33,774      1,735
* Norwegian Cruise Line Holdings Ltd.    101,969      1,693
  Delta Air Lines Inc.     32,711      1,669
* Ollie's Bargain Outlet Holdings Inc.     19,782      1,631
  Travel & Leisure Co.     31,881      1,401
* Peloton Interactive Inc. Class A    336,146      1,224
* Grand Canyon Education Inc.      8,350      1,190
  Dick's Sporting Goods Inc.      4,198        956
* Victoria's Secret & Co.     34,357        783
* Bright Horizons Family Solutions Inc.      7,165        753
  Avis Budget Group Inc.      6,448        733
  Vail Resorts Inc.      3,796        716
* RH      2,550        693
* Skechers USA Inc. Class A      9,608        686
  Tapestry Inc.     14,742        641
* CarMax Inc.      8,894        625
  Wynn Resorts Ltd.      6,437        611
  Wyndham Hotels & Resorts Inc.      5,903        418
*,1 Birkenstock Holding plc      7,288        415
  Polaris Inc.      4,798        401
* U-Haul Holding Co. (XNYS)      5,492        347
  Playtika Holding Corp.     19,757        173
              4,827,589
Consumer Staples (2.5%)
  PepsiCo Inc.    954,762    165,078
  Coca-Cola Co.  1,937,414    121,921
  Procter & Gamble Co.    443,907     73,040
  Kimberly-Clark Corp.    317,844     42,369
* Monster Beverage Corp.    745,908     38,728
  Cencora Inc.    168,512     38,180
  Sysco Corp.    499,242     36,355
  McKesson Corp.     50,850     28,964
  Church & Dwight Co. Inc.    219,348     23,472
  Hershey Co.    111,495     22,057
  Clorox Co.    123,947     16,306
  Kenvue Inc.    651,811     12,580
  Lamb Weston Holdings Inc.    137,504     12,140
* Celsius Holdings Inc.    143,951     11,513
  Brown-Forman Corp. Class B    143,470      6,580
* Performance Food Group Co.     72,063      5,016
  Constellation Brands Inc. Class A     16,130      4,036
* Boston Beer Co. Inc. Class A      8,768      2,750
  Brown-Forman Corp. Class A     40,150      1,839
  Casey's General Stores Inc.      5,421      1,799
* Freshpet Inc.     12,041      1,579
  Albertsons Cos. Inc. Class A     35,699        737
                667,039
2

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
Energy (0.5%)
  Cheniere Energy Inc.    240,213     37,903
  Targa Resources Corp.    221,501     26,188
  Hess Corp.    155,454     23,956
* Enphase Energy Inc.    133,380     17,059
  Texas Pacific Land Corp.     18,538     11,388
  APA Corp.    268,667      8,202
  Halliburton Co.    180,965      6,642
  Ovintiv Inc. (XNYS)    114,002      5,891
  ONEOK Inc.     32,039      2,595
  Antero Midstream Corp.    113,156      1,658
  New Fortress Energy Inc.     64,824      1,643
*,1 ChargePoint Holdings Inc.    356,689        599
                143,724
Financials (2.5%)
  Progressive Corp.    438,988     92,706
  Blackstone Inc.    714,661     86,117
  Marsh & McLennan Cos. Inc.    397,593     82,532
  Apollo Global Management Inc.    522,987     60,750
  Moody's Corp.    145,124     57,613
  Ameriprise Financial Inc.    100,423     43,846
  Ares Management Corp. Class A    167,472     23,475
  LPL Financial Holdings Inc.     75,521     21,615
  Broadridge Financial Solutions Inc.     98,184     19,712
* NU Holdings Ltd. Class A  1,604,884     19,066
  MSCI Inc.     38,491     19,060
  KKR & Co. Inc.    163,587     16,823
  FactSet Research Systems Inc.     38,460     15,548
  Equitable Holdings Inc.    337,556     14,005
  S&P Global Inc.     26,385     11,280
  Kinsale Capital Group Inc.     21,876      8,392
  Brown & Brown Inc.     92,613      8,290
  Morningstar Inc.     25,763      7,426
  MarketAxess Holdings Inc.     37,144      7,389
  Ryan Specialty Holdings Inc.     96,397      5,353
* Arch Capital Group Ltd.     50,461      5,179
  Primerica Inc.     22,637      5,113
  Tradeweb Markets Inc. Class A     39,859      4,345
  Willis Towers Watson plc     12,924      3,299
  RenaissanceRe Holdings Ltd.     13,702      3,122
  Arthur J Gallagher & Co.     12,122      3,071
  Everest Group Ltd.      5,816      2,274
  First Citizens BancShares Inc. Class A      1,190      2,021
  SLM Corp.     86,168      1,849
  RLI Corp.      8,936      1,305
  Blue Owl Capital Inc.     67,923      1,222
  TPG Inc.     20,739        869
* Rocket Cos. Inc. Class A     42,272        588
  Lincoln National Corp.     16,106        531
  XP Inc. Class A     26,820        509
  Houlihan Lokey Inc.      3,753        508
* Brighthouse Financial Inc.      6,383        284
  UWM Holdings Corp.     33,082        244
                657,331
Health Care (9.9%)
  Eli Lilly & Co.    848,801    696,305
  UnitedHealth Group Inc.    784,072    388,406
  AbbVie Inc.  1,769,903    285,379
* Intuitive Surgical Inc.    350,277    140,853
  Thermo Fisher Scientific Inc.    238,354    135,380
  Amgen Inc.    364,320    111,427
* Vertex Pharmaceuticals Inc.    236,402    107,643
  Zoetis Inc.    464,205     78,711
  Merck & Co. Inc.    468,748     58,847
* Edwards Lifesciences Corp.    603,725     52,458
* DexCom Inc.    387,723     46,050
* IDEXX Laboratories Inc.     82,548     41,022
* IQVIA Holdings Inc.    169,085     37,045
  Agilent Technologies Inc.    238,146     31,057
3

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  Stryker Corp.     90,491     30,866
  ResMed Inc.    145,529     30,027
* Veeva Systems Inc. Class A    145,164     25,295
  West Pharmaceutical Services Inc.     74,179     24,584
* Align Technology Inc.     76,522     19,682
  Humana Inc.     53,184     19,046
  Elevance Health Inc.     31,609     17,021
* Alnylam Pharmaceuticals Inc.    100,887     14,975
  HCA Healthcare Inc.     41,277     14,024
* Neurocrine Biosciences Inc.     96,803     13,108
  Cardinal Health Inc.    126,585     12,566
* Insulet Corp.     69,468     12,309
*,2 Shockwave Medical Inc.     36,304     12,162
* Sarepta Therapeutics Inc.     89,630     11,639
* Natera Inc.    109,019     11,614
  Bio-Techne Corp.    147,069     11,352
  Abbott Laboratories    109,400     11,180
* Molina Healthcare Inc.     31,496      9,908
* Medpace Holdings Inc.     23,347      9,020
* DaVita Inc.     54,117      7,962
* Incyte Corp.    136,334      7,879
  Cigna Group     21,349      7,357
* Regeneron Pharmaceuticals Inc.      7,056      6,916
* Penumbra Inc.     36,369      6,891
  Bruker Corp.    103,333      6,769
  Chemed Corp.     10,612      5,883
* Masimo Corp.     43,204      5,379
* Illumina Inc.     47,199      4,922
* Exelixis Inc.    226,683      4,917
* Inspire Medical Systems Inc.     29,176      4,633
* Ionis Pharmaceuticals Inc.    122,642      4,608
* Apellis Pharmaceuticals Inc.    101,169      3,971
* ICON plc     12,159      3,949
* Repligen Corp.     24,568      3,663
* Roivant Sciences Ltd.    344,230      3,566
* Jazz Pharmaceuticals plc     31,638      3,330
* Ultragenyx Pharmaceutical Inc.     78,621      3,156
* Exact Sciences Corp.     62,018      2,819
  GE Healthcare Inc.     31,725      2,474
* Novocure Ltd.    105,039      2,312
* Globus Medical Inc. Class A     33,673      2,260
* 10X Genomics Inc. Class A     91,918      2,061
* BioMarin Pharmaceutical Inc.     22,064      1,656
* agilon health Inc.    259,538      1,635
* Doximity Inc. Class A     49,204      1,364
* Sotera Health Co.     87,124        974
* Certara Inc.     43,210        732
  Encompass Health Corp.      6,657        575
* Maravai LifeSciences Holdings Inc. Class A     63,670        552
* Tandem Diabetes Care Inc.      8,812        451
* Ginkgo Bioworks Holdings Inc.    146,261         77
              2,636,654
Industrials (9.1%)
  Visa Inc. Class A  1,599,921    435,914
  Mastercard Inc. Class A    832,770    372,307
  Accenture plc Class A    633,750    178,901
  Caterpillar Inc.    383,799    129,924
  Lockheed Martin Corp.    216,344    101,755
  Deere & Co.    241,637     90,556
  Automatic Data Processing Inc.    355,884     87,163
* PayPal Holdings Inc.    979,611     61,706
  Union Pacific Corp.    261,658     60,919
  Sherwin-Williams Co.    198,680     60,359
  Illinois Tool Works Inc.    244,670     59,394
  Cintas Corp.     77,296     52,404
  American Express Co.    190,826     45,798
  WW Grainger Inc.     44,259     40,783
  Paychex Inc.    323,010     38,813
  Verisk Analytics Inc.    143,021     36,153
4

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  Old Dominion Freight Line Inc.    184,119     32,267
* Fair Isaac Corp.     24,286     31,327
* Mettler-Toledo International Inc.     21,449     30,116
  Rockwell Automation Inc.    115,182     29,663
  United Parcel Service Inc. Class B (XNYS)    201,216     27,955
* Fiserv Inc.    164,270     24,601
  Trane Technologies plc     67,315     22,043
* Axon Enterprise Inc.     70,512     19,861
  Equifax Inc.     84,520     19,557
  Booz Allen Hamilton Holding Corp.    128,426     19,548
* Waters Corp.     58,685     18,128
* Corpay Inc.     65,515     17,536
  Honeywell International Inc.     86,110     17,411
* Boeing Co.     77,119     13,697
* Block Inc. (XNYS)    205,681     13,180
  HEICO Corp. Class A     73,433     12,899
  TransDigm Group Inc.      9,045     12,150
  Advanced Drainage Systems Inc.     67,075     11,637
  Quanta Services Inc.     37,882     10,453
  Lincoln Electric Holdings Inc.     52,286     10,267
  Allegion plc     81,325      9,907
  Hubbell Inc.     24,485      9,522
* Trex Co. Inc.    108,806      9,410
  United Rentals Inc.     13,900      9,305
  HEICO Corp.     40,492      8,980
  Toro Co.    104,326      8,366
  PPG Industries Inc.     59,097      7,766
  CH Robinson Worldwide Inc.     89,788      7,755
  Vulcan Materials Co.     29,176      7,462
  CSX Corp.    219,746      7,416
  EMCOR Group Inc.     16,070      6,246
* Keysight Technologies Inc.     44,775      6,200
* Paylocity Holding Corp.     42,048      5,978
  Graco Inc.     68,377      5,521
  Eagle Materials Inc.     22,488      5,226
  Landstar System Inc.     28,482      5,185
  Graphic Packaging Holding Co.    163,072      4,618
  Watsco Inc.      8,457      4,016
  Xylem Inc.     28,246      3,983
  Jack Henry & Associates Inc.     23,072      3,800
  Donaldson Co. Inc.     50,232      3,701
  Northrop Grumman Corp.      8,165      3,681
* WEX Inc.     19,594      3,670
* Shift4 Payments Inc. Class A     53,670      3,611
  Sealed Air Corp.     79,585      3,093
* Zebra Technologies Corp. Class A      9,292      2,902
  RPM International Inc.     24,289      2,723
  JB Hunt Transport Services Inc.     16,271      2,616
* Euronet Worldwide Inc.     21,821      2,544
  Otis Worldwide Corp.     24,437      2,424
  Expeditors International of Washington Inc.     19,557      2,364
  Ferguson plc     11,146      2,293
  Vontier Corp.     52,584      2,102
  Tetra Tech Inc.      9,678      2,027
* WillScot Mobile Mini Holdings Corp.     46,972      1,852
  Armstrong World Industries Inc.     12,795      1,482
  Genpact Ltd.     44,050      1,456
  BWX Technologies Inc.     15,661      1,443
* FTI Consulting Inc.      6,219      1,336
  IDEX Corp.      6,176      1,289
* Saia Inc.      2,954      1,210
  MSA Safety Inc.      6,285      1,131
  A O Smith Corp.     12,935      1,082
* TopBuild Corp.      2,084        871
* Axalta Coating Systems Ltd.     23,643        841
  Western Union Co.     54,026        692
  Allison Transmission Holdings Inc.      8,620        654
  Ardagh Metal Packaging SA    133,465        527
  Brunswick Corp.      5,450        450
* Spirit AeroSystems Holdings Inc. Class A     11,854        359
5

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  Valmont Industries Inc.      1,393        350
              2,440,583
Real Estate (0.8%)
  American Tower Corp.    466,899     91,391
  Equinix Inc.     46,995     35,856
  Public Storage     91,264     24,991
* CoStar Group Inc.    174,258     13,622
  Iron Mountain Inc.    143,648     11,591
  Simon Property Group Inc.     70,903     10,728
  Lamar Advertising Co. Class A     67,135      7,929
  Crown Castle Inc.     45,946      4,709
  Equity LifeStyle Properties Inc.     58,126      3,649
  Sun Communities Inc.     26,822      3,165
  SBA Communications Corp.     10,939      2,151
  UDR Inc.     18,415        711
                210,493
Technology (55.2%)
  Microsoft Corp.  7,464,596  3,098,778
  Apple Inc. 14,627,704  2,812,176
  NVIDIA Corp.  2,383,244  2,612,822
  Meta Platforms Inc. Class A  2,218,505  1,035,665
* Alphabet Inc. Class A  5,960,073  1,028,113
* Alphabet Inc. Class C  5,034,574    875,815
  Broadcom Inc.    432,408    574,476
* Adobe Inc.    452,856    201,412
  QUALCOMM Inc.    975,709    199,093
  Salesforce Inc.    707,751    165,925
  Intuit Inc.    273,991    157,939
* Advanced Micro Devices Inc.    914,764    152,674
  Applied Materials Inc.    708,138    152,306
* ServiceNow Inc.    204,201    134,146
  Lam Research Corp.    124,995    116,550
  KLA Corp.    135,605    102,996
* Palo Alto Networks Inc.    306,140     90,284
* Synopsys Inc.    152,335     85,429
* Cadence Design Systems Inc.    271,084     77,614
  Oracle Corp.    635,988     74,531
  Texas Instruments Inc.    371,466     72,440
* Crowdstrike Holdings Inc. Class A    213,966     67,115
* Autodesk Inc.    215,463     43,437
* Snowflake Inc. Class A    315,218     42,926
* Workday Inc. Class A    201,245     42,553
* Palantir Technologies Inc. Class A  1,930,033     41,843
  Amphenol Corp. Class A    293,974     38,913
* Fortinet Inc.    644,931     38,257
  Microchip Technology Inc.    379,714     36,920
  Monolithic Power Systems Inc.     46,058     33,882
* Gartner Inc.     75,754     31,792
* Datadog Inc. Class A    279,189     30,761
  CDW Corp.    127,608     28,536
* HubSpot Inc.     46,460     28,389
* DoorDash Inc. Class A    243,330     26,793
* Atlassian Corp. Class A    155,396     24,375
* Pinterest Inc. Class A    586,578     24,337
* ANSYS Inc.     71,770     22,783
* Cloudflare Inc. Class A    294,600     19,941
  Teradyne Inc.    128,654     18,133
* MongoDB Inc.     67,845     16,016
* Tyler Technologies Inc.     31,532     15,147
* Zscaler Inc.     88,699     15,075
* Pure Storage Inc. Class A    226,025     13,627
* Manhattan Associates Inc.     61,752     13,557
* GoDaddy Inc. Class A     85,510     11,940
* Dynatrace Inc.    258,780     11,834
* DocuSign Inc.    202,720     11,097
* PTC Inc.     60,047     10,583
* Lattice Semiconductor Corp.    136,535     10,136
* EPAM Systems Inc.     55,734      9,917
  NetApp Inc.     82,166      9,895
6

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  Jabil Inc.     78,498      9,333
  Bentley Systems Inc. Class B    180,724      9,080
* Toast Inc. Class A    367,574      8,906
* Elastic NV     80,481      8,374
  Paycom Software Inc.     51,784      7,525
* Match Group Inc.    245,076      7,507
* Globant SA     41,336      6,660
  HP Inc.    176,568      6,445
* Procore Technologies Inc.     79,663      5,348
* Dropbox Inc. Class A    227,102      5,117
* Confluent Inc. Class A    191,782      4,981
* Smartsheet Inc. Class A    128,061      4,738
* Gitlab Inc. Class A     91,001      4,294
* AppLovin Corp. Class A     51,675      4,211
  Universal Display Corp.     21,132      3,713
* UiPath Inc. Class A    292,177      3,582
* Five9 Inc.     72,327      3,382
* Nutanix Inc. Class A     59,083      3,268
  KBR Inc.     48,712      3,198
* Teradata Corp.     97,275      3,172
* RingCentral Inc. Class A     83,675      2,862
* DoubleVerify Holdings Inc.    140,808      2,563
  Vertiv Holdings Co. Class A     25,067      2,458
  Pegasystems Inc.     41,967      2,411
* Allegro MicroSystems Inc.     75,043      2,262
* HashiCorp Inc. Class A     66,581      2,236
  Gen Digital Inc. (XNGS)     86,496      2,148
* Unity Software Inc.    114,862      2,099
* ZoomInfo Technologies Inc.    155,765      1,913
* Twilio Inc. Class A     27,972      1,606
  Entegris Inc.      7,815        987
* Okta Inc.      9,798        869
* VeriSign Inc.      4,773        832
* Dayforce Inc.     12,845        635
* SentinelOne Inc. Class A     32,158        541
* Maplebear Inc.     14,701        448
* Paycor HCM Inc.     29,428        364
* nCino Inc.      6,302        192
* Informatica Inc. Class A      3,498        101
             14,752,055
Telecommunications (0.6%)
* Arista Networks Inc.    251,409     74,832
  Motorola Solutions Inc.    152,387     55,608
* Charter Communications Inc. Class A    100,976     28,992
  Iridium Communications Inc.    114,917      3,460
* Liberty Broadband Corp. Class C     24,058      1,301
* Roku Inc.     15,514        890
  Ubiquiti Inc.      3,534        506
* Liberty Broadband Corp. Class A      3,535        192
  Cable One Inc.        411        159
                165,940
Utilities (0.4%)
  Waste Management Inc.    366,595     77,253
  Vistra Corp.    103,043     10,209
7

Vanguard® Russell 1000 Growth Index Fund
    Shares Market
Value
($000)
  AES Corp. 409,158  8,834
      96,296
Total Common Stocks (Cost $17,589,929) 26,712,613
Temporary Cash Investments (0.0%)
Money Market Fund (0.0%)
3,4 Vanguard Market Liquidity Fund, 5.397% (Cost $8,370) 83,710       8,370
Total Investments (99.9%) (Cost $17,598,299) 26,720,983
Other Assets and Liabilities—Net (0.1%) 18,068
Net Assets (100%) 26,739,051
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 $912,000.
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 $979,000 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 500 Index June 2024 146 38,657 53
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 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 valuation designee to represent fair value and subject to oversight by the board of trustees. 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.
8

Vanguard® Russell 1000 Growth Index Fund
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2024, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 26,700,451 12,162 26,712,613
Temporary Cash Investments 8,370 8,370
Total 26,708,821 12,162 26,720,983
Derivative Financial Instruments        
Assets        
Futures Contracts1 53 53
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.
9