Shares | Market Value ($000) | ||
Common Stocks (97.4%) | |||
Communication Services (4.2%) | |||
* | T-Mobile US Inc. | 2,733,571 | 344,649 |
Comcast Corp. Class A | 3,987,913 | 197,681 | |
* | Alphabet Inc. Class A | 87,243 | 159,424 |
Electronic Arts Inc. | 948,356 | 135,804 | |
Verizon Communications Inc. | 220,056 | 12,048 | |
849,606 | |||
Consumer Discretionary (11.2%) | |||
* | Dollar Tree Inc. | 2,526,573 | 256,851 |
* | Ford Motor Co. | 19,768,697 | 208,164 |
* | Gildan Activewear Inc. | 7,789,791 | 194,122 |
Lear Corp. | 1,287,305 | 194,074 | |
* | Compass Group plc | 10,561,979 | 188,666 |
* | PVH Corp. | 2,056,809 | 175,364 |
* | CarMax Inc. | 1,442,852 | 169,939 |
VF Corp. | 1,935,216 | 148,760 | |
* | General Motors Co. | 2,895,112 | 146,724 |
Newell Brands Inc. | 6,105,453 | 146,653 | |
TJX Cos. Inc. | 2,241,114 | 143,521 | |
* | Mohawk Industries Inc. | 922,409 | 132,458 |
* | Las Vegas Sands Corp. | 2,109,815 | 101,461 |
* | Booking Holdings Inc. | 29,916 | 58,167 |
2,264,924 | |||
Consumer Staples (4.9%) | |||
Philip Morris International Inc. | 3,613,338 | 287,803 | |
Keurig Dr Pepper Inc. | 8,639,068 | 274,722 | |
Tyson Foods Inc. Class A | 3,417,189 | 219,760 | |
Archer-Daniels-Midland Co. | 2,054,131 | 102,727 | |
Sysco Corp. | 986,300 | 70,530 | |
Kellogg Co. | 570,756 | 33,640 | |
989,182 | |||
Energy (5.5%) | |||
Halliburton Co. | 13,921,115 | 245,429 | |
Canadian Natural Resources Ltd. | 7,940,667 | 179,300 | |
ConocoPhillips | 3,069,507 | 122,873 | |
1 | Royal Dutch Shell plc Class A ADR | 3,001,631 | 110,730 |
Diamondback Energy Inc. | 1,860,985 | 105,499 | |
* | NOV Inc. | 8,378,161 | 103,722 |
Baker Hughes Co. Class A | 5,056,841 | 101,592 | |
Exxon Mobil Corp. | 2,127,861 | 95,413 | |
* | Cenovus Energy Inc. | 6,621,254 | 39,132 |
1,103,690 |
Shares | Market Value ($000) | ||
Financials (22.7%) | |||
Bank of America Corp. | 18,703,697 | 554,565 | |
Charles Schwab Corp. | 7,567,716 | 390,040 | |
MetLife Inc. | 7,494,010 | 360,837 | |
Raymond James Financial Inc. | 3,158,444 | 315,623 | |
Chubb Ltd. | 2,013,803 | 293,351 | |
Equitable Holdings Inc. | 9,657,291 | 239,308 | |
M&T Bank Corp. | 1,756,956 | 232,744 | |
Capital One Financial Corp. | 2,094,500 | 218,373 | |
Wells Fargo & Co. | 6,551,977 | 195,773 | |
* | Athene Holding Ltd. Class A | 4,762,079 | 194,721 |
Zions Bancorp NA | 4,153,749 | 183,346 | |
American International Group Inc. | 4,745,297 | 177,664 | |
Citigroup Inc. | 2,779,032 | 161,156 | |
JPMorgan Chase & Co. | 1,218,510 | 156,786 | |
Travelers Cos. Inc. | 986,957 | 134,522 | |
Goldman Sachs Group Inc. | 493,525 | 133,829 | |
Morgan Stanley | 1,833,764 | 122,954 | |
LPL Financial Holdings Inc. | 1,117,157 | 121,033 | |
Voya Financial Inc. | 1,996,494 | 110,725 | |
* | ING Groep NV ADR | 9,786,035 | 86,313 |
Axis Capital Holdings Ltd. | 1,829,345 | 83,967 | |
Unum Group | 2,685,477 | 62,384 | |
UBS Group AG (Registered) | 2,753,680 | 39,625 | |
Invesco Ltd. | 1,129,675 | 23,260 | |
4,592,899 | |||
Health Care (13.2%) | |||
CVS Health Corp. | 5,417,977 | 388,198 | |
UnitedHealth Group Inc. | 909,968 | 303,547 | |
Eli Lilly and Co. | 1,196,707 | 248,879 | |
Medtronic plc | 1,943,727 | 216,395 | |
* | Boston Scientific Corp. | 4,540,025 | 160,898 |
* | Vertex Pharmaceuticals Inc. | 622,182 | 142,529 |
* | Centene Corp. | 2,279,305 | 137,442 |
Anthem Inc. | 421,597 | 125,206 | |
McKesson Corp. | 700,633 | 122,239 | |
DENTSPLY SIRONA Inc. | 2,051,213 | 109,719 | |
* | Regeneron Pharmaceuticals Inc. | 215,971 | 108,815 |
Sanofi | 1,144,454 | 107,634 | |
Bristol-Myers Squibb Co. | 1,415,124 | 86,931 | |
Cardinal Health Inc. | 1,494,650 | 80,308 | |
Pfizer Inc. | 2,033,820 | 73,014 | |
* | Biogen Inc. | 237,372 | 67,084 |
Amgen Inc. | 269,795 | 65,137 | |
Cigna Corp. | 298,096 | 64,702 | |
* | Viatris Inc. | 3,151,189 | 53,539 |
2,662,216 | |||
Industrials (6.5%) | |||
Westinghouse Air Brake Technologies Corp. | 4,705,941 | 349,228 | |
Raytheon Technologies Corp. | 4,297,054 | 286,742 | |
General Electric Co. | 22,850,163 | 244,040 | |
Stanley Black & Decker Inc. | 634,919 | 110,152 | |
* | Airbus SE | 1,011,955 | 101,760 |
JB Hunt Transport Services Inc. | 735,703 | 99,070 | |
Textron Inc. | 2,033,758 | 92,048 | |
Dover Corp. | 281,597 | 32,803 | |
1,315,843 |
Shares | Market Value ($000) | ||
Information Technology (14.9%) | |||
Cisco Systems Inc. | 6,993,035 | 311,749 | |
Cognizant Technology Solutions Corp. Class A | 3,746,559 | 292,044 | |
Broadcom Inc. | 551,431 | 248,420 | |
Intel Corp. | 4,421,502 | 245,438 | |
* | FleetCor Technologies Inc. | 787,139 | 191,078 |
*,1 | VMware Inc. Class A | 1,348,218 | 185,852 |
Leidos Holdings Inc. | 1,629,293 | 172,803 | |
* | Micron Technology Inc. | 2,169,599 | 169,814 |
Amdocs Ltd. | 2,289,539 | 161,687 | |
Hewlett Packard Enterprise Co. | 12,630,218 | 155,857 | |
* | F5 Networks Inc. | 781,377 | 153,111 |
* | GoDaddy Inc. Class A | 1,861,224 | 146,255 |
KLA Corp. | 467,753 | 131,004 | |
Genpact Ltd. | 3,024,831 | 115,791 | |
* | Lumentum Holdings Inc. | 1,159,958 | 108,804 |
Oracle Corp. | 1,635,666 | 98,843 | |
Samsung Electronics Co. Ltd. | 942,669 | 68,916 | |
Juniper Networks Inc. | 1,995,063 | 48,719 | |
3,006,185 | |||
Materials (3.5%) | |||
Celanese Corp. Class A | 1,438,506 | 175,714 | |
Reliance Steel & Aluminum Co. | 1,468,382 | 170,450 | |
Dow Inc. | 2,788,553 | 144,726 | |
PPG Industries Inc. | 797,196 | 107,390 | |
FMC Corp. | 985,109 | 106,677 | |
704,957 | |||
Other (0.0%) | |||
*,2 | Allstar Coinv LLC | 1,647,100 | 2,050 |
Real Estate (5.0%) | |||
VICI Properties Inc. | 8,560,353 | 216,406 | |
Americold Realty Trust | 6,082,516 | 212,341 | |
American Tower Corp. | 853,278 | 194,001 | |
Digital Realty Trust Inc. | 950,721 | 136,856 | |
Camden Property Trust | 1,244,124 | 127,087 | |
Equinix Inc. | 170,966 | 126,508 | |
1,013,199 | |||
Utilities (5.8%) | |||
Exelon Corp. | 7,099,926 | 295,073 | |
Duke Energy Corp. | 2,115,888 | 198,894 | |
NRG Energy Inc. | 4,303,566 | 178,211 | |
Edison International | 2,613,424 | 151,997 | |
Pinnacle West Capital Corp. | 1,949,238 | 146,680 | |
Consolidated Edison Inc. | 1,562,437 | 110,589 | |
Avangrid Inc. | 1,951,186 | 90,281 | |
1,171,725 | |||
Total Common Stocks (Cost $16,160,489) | 19,676,476 | ||
Temporary Cash Investments (3.4%) | |||
Money Market Fund (2.7%) | |||
3,4 | Vanguard Market Liquidity Fund, 0.107% | 5,496,195 | 549,620 |
Face Amount ($000) | Market Value ($000) | ||
Repurchase Agreement (0.7%) | |||
Bank of America Securities, LLC 0.060%, 2/1/21 (Dated 1/29/21, Repurchase Value $129,001,000, collateralized by Government National Mortgage Associataion, 2.000%–5.500%, 12/20/34–1/20/51, with a value of $131,580,000) | 129,000 | 129,000 | |
Total Temporary Cash Investments (Cost $678,580) | 678,620 | ||
Total Investments (100.8%) (Cost $16,839,069) | 20,355,096 | ||
Other Assets and Liabilities—Net (-0.8%) | (158,273) | ||
Net Assets (100%) | 20,196,823 | ||
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 $203,583,000. |
2 | Restricted securities totaling $2,050,000, representing 0.0% of net assets. See Restricted Securities table for additional information. |
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 $214,952,000 was received for securities on loan. |
ADR—American Depositary Receipt. |
Restricted Securities as of Period End | ||
Security Name | Acquisition Date | Acquisition Cost ($000) |
Allstar Coinv LLC | August 2011 | 459 |
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 | March 2021 | 959 | 177,664 | (1,278) |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 19,207,450 | 469,026 | — | 19,676,476 |
Temporary Cash Investments | 549,620 | 129,000 | — | 678,620 |
Total | 19,757,070 | 598,026 | — | 20,355,096 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 3,776 | — | — | 3,776 |
1 | Represents variation margin on the last day of the reporting period. |