Shares | Market Value ($000) | ||
Common Stocks (98.0%) | |||
Communication Services (3.7%) | |||
* | T-Mobile US Inc. | 1,600,482 | 230,501 |
Electronic Arts Inc. | 1,396,891 | 201,096 | |
* | Alphabet Inc. Class A | 65,184 | 175,640 |
Cable One Inc. | 73,453 | 138,679 | |
* | Charter Communications Inc. Class A | 152,770 | 113,669 |
Verizon Communications Inc. | 220,056 | 12,275 | |
871,860 | |||
Consumer Discretionary (10.9%) | |||
* | Dollar Tree Inc. | 2,650,995 | 264,543 |
* | CarMax Inc. | 1,813,189 | 242,877 |
Lear Corp. | 1,287,305 | 225,253 | |
Gildan Activewear Inc. | 6,528,044 | 225,152 | |
* | Compass Group plc | 10,561,979 | 223,173 |
* | PVH Corp. | 1,755,621 | 183,673 |
* | Ford Motor Co. | 12,364,274 | 172,481 |
* | Mohawk Industries Inc. | 793,348 | 154,623 |
Newell Brands Inc. | 5,632,130 | 139,395 | |
* | Airbnb Inc. Class A | 965,365 | 139,022 |
* | General Motors Co. | 2,443,766 | 138,904 |
* | Alibaba Group Holding Ltd. ADR | 613,939 | 119,835 |
* | Las Vegas Sands Corp. | 2,511,212 | 106,350 |
TJX Cos. Inc. | 1,356,819 | 93,363 | |
* | Skechers USA Inc. Class A | 1,637,717 | 87,913 |
* | Booking Holdings Inc. | 28,294 | 61,632 |
2,578,189 | |||
Consumer Staples (3.9%) | |||
Philip Morris International Inc. | 3,557,698 | 356,090 | |
Keurig Dr Pepper Inc. | 8,196,949 | 288,615 | |
Tyson Foods Inc. Class A | 2,872,305 | 205,255 | |
Sysco Corp. | 975,299 | 72,367 | |
922,327 | |||
Energy (6.2%) | |||
1 | Canadian Natural Resources Ltd. | 7,818,393 | 258,163 |
Halliburton Co. | 12,292,314 | 254,205 | |
Baker Hughes Co. Class A | 9,375,765 | 199,141 | |
Exxon Mobil Corp. | 3,089,288 | 177,850 | |
Schlumberger NV | 4,389,546 | 126,551 | |
Royal Dutch Shell plc Class A ADR | 3,001,631 | 121,926 | |
* | NOV Inc. | 8,378,161 | 115,703 |
ConocoPhillips | 1,654,208 | 92,735 | |
Diamondback Energy Inc. | 1,023,521 | 78,944 |
Shares | Market Value ($000) | ||
Cenovus Energy Inc. | 3,490,886 | 29,114 | |
1,454,332 | |||
Financials (21.8%) | |||
Bank of America Corp. | 16,951,673 | 650,266 | |
MetLife Inc. | 7,244,536 | 418,010 | |
Charles Schwab Corp. | 5,435,337 | 369,331 | |
Chubb Ltd. | 1,982,794 | 334,577 | |
Equitable Holdings Inc. | 9,927,763 | 306,470 | |
Wells Fargo & Co. | 6,144,088 | 282,259 | |
Raymond James Financial Inc. | 2,108,286 | 272,981 | |
* | Athene Holding Ltd. Class A | 3,774,921 | 243,935 |
M&T Bank Corp. | 1,756,717 | 235,137 | |
American International Group Inc. | 4,745,297 | 224,690 | |
Capital One Financial Corp. | 1,284,225 | 207,659 | |
S&P Global Inc. | 483,777 | 207,405 | |
Zions Bancorp NA | 3,839,750 | 200,243 | |
Citigroup Inc. | 2,779,032 | 187,918 | |
JPMorgan Chase & Co. | 1,102,065 | 167,271 | |
Goldman Sachs Group Inc. | 406,137 | 152,253 | |
Travelers Cos. Inc. | 975,949 | 145,338 | |
Voya Financial Inc. | 2,249,879 | 144,892 | |
ING Groep NV ADR | 9,676,882 | 123,864 | |
Axis Capital Holdings Ltd. | 1,829,345 | 93,059 | |
Morgan Stanley | 850,884 | 81,668 | |
UBS Group AG (Registered) | 2,753,680 | 45,381 | |
Unum Group | 1,619,823 | 44,383 | |
Invesco Ltd. | 852,369 | 20,781 | |
5,159,771 | |||
Health Care (14.4%) | |||
UnitedHealth Group Inc. | 756,960 | 312,034 | |
Medtronic plc | 1,913,797 | 251,301 | |
CVS Health Corp. | 3,010,170 | 247,918 | |
* | Regeneron Pharmaceuticals Inc. | 423,035 | 243,080 |
* | Seagen Inc. | 1,498,109 | 229,795 |
* | Centene Corp. | 3,115,386 | 213,747 |
Eli Lilly & Co. | 845,951 | 205,989 | |
* | Boston Scientific Corp. | 4,470,116 | 203,837 |
AstraZeneca plc ADR | 2,957,921 | 169,311 | |
* | Vertex Pharmaceuticals Inc. | 783,203 | 157,878 |
Johnson & Johnson | 864,151 | 148,807 | |
McKesson Corp. | 700,633 | 142,810 | |
Pfizer Inc. | 3,322,795 | 142,249 | |
* | Organon & Co. | 4,100,314 | 118,950 |
Sanofi | 1,144,454 | 117,963 | |
Bristol-Myers Squibb Co. | 1,415,124 | 96,044 | |
* | Biogen Inc. | 272,471 | 89,024 |
Cardinal Health Inc. | 1,305,773 | 77,537 | |
Anthem Inc. | 186,825 | 71,743 | |
Cigna Corp. | 298,096 | 68,410 | |
Amgen Inc. | 269,795 | 65,166 | |
1 | Fresenius Medical Care AG & Co. KGaA ADR | 683,087 | 26,859 |
3,400,452 | |||
Industrials (7.8%) | |||
Westinghouse Air Brake Technologies Corp. | 5,477,503 | 464,876 | |
Raytheon Technologies Corp. | 4,230,887 | 367,875 | |
General Electric Co. | 21,151,885 | 273,917 | |
Leidos Holdings Inc. | 2,259,509 | 240,457 |
Shares | Market Value ($000) | ||
Textron Inc. | 2,033,758 | 140,350 | |
* | Airbus SE | 1,011,955 | 138,808 |
Stanley Black & Decker Inc. | 634,919 | 125,111 | |
JB Hunt Transport Services Inc. | 544,694 | 91,754 | |
1,843,148 | |||
Information Technology (13.1%) | |||
Cognizant Technology Solutions Corp. Class A | 5,547,908 | 407,938 | |
Cisco Systems Inc. | 6,592,815 | 365,044 | |
Broadcom Inc. | 542,940 | 263,543 | |
* | F5 Networks Inc. | 1,212,882 | 250,472 |
*,1 | VMware Inc. Class A | 1,327,458 | 204,083 |
* | GoDaddy Inc. Class A | 2,407,113 | 201,836 |
* | FleetCor Technologies Inc. | 775,018 | 200,125 |
* | Micron Technology Inc. | 2,385,486 | 185,066 |
Hewlett Packard Enterprise Co. | 11,420,593 | 165,599 | |
Oracle Corp. | 1,635,666 | 142,532 | |
Genpact Ltd. | 2,653,110 | 132,151 | |
Amdocs Ltd. | 1,666,717 | 128,521 | |
* | Lumentum Holdings Inc. | 1,357,192 | 113,991 |
KLA Corp. | 317,969 | 110,704 | |
NXP Semiconductors NV | 531,782 | 109,754 | |
Samsung Electronics Co. Ltd. | 942,669 | 64,419 | |
Juniper Networks Inc. | 1,995,063 | 56,141 | |
3,101,919 | |||
Materials (4.4%) | |||
Reliance Steel & Aluminum Co. | 1,457,224 | 229,003 | |
Celanese Corp. Class A | 1,416,355 | 220,626 | |
FMC Corp. | 1,675,132 | 179,155 | |
Dow Inc. | 2,664,763 | 165,642 | |
PPG Industries Inc. | 741,945 | 121,323 | |
LG Chem Ltd. | 160,818 | 118,121 | |
1,033,870 | |||
Other (0.0%) | |||
* | Allstar Coinv LLC PP | 1,647,100 | 1,677 |
Real Estate (5.3%) | |||
American Tower Corp. | 1,280,942 | 362,250 | |
VICI Properties Inc. | 9,546,539 | 297,756 | |
Americold Realty Trust | 5,988,855 | 232,667 | |
Equinix Inc. | 171,866 | 141,001 | |
Camden Property Trust | 810,963 | 121,150 | |
Digital Realty Trust Inc. | 677,498 | 104,443 | |
1,259,267 | |||
Utilities (6.5%) | |||
Exelon Corp. | 6,990,599 | 327,160 | |
NRG Energy Inc. | 5,981,680 | 246,684 | |
Duke Energy Corp. | 2,083,307 | 218,976 | |
Iberdrola SA (XMAD) | 16,412,801 | 197,530 | |
Edison International | 3,310,563 | 180,426 | |
Pinnacle West Capital Corp. | 2,107,564 | 176,087 | |
Avangrid Inc. | 2,237,135 | 116,644 | |
Consolidated Edison Inc. | 1,099,325 | 81,097 | |
1,544,604 | |||
Total Common Stocks (Cost $16,840,696) | 23,171,416 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (2.9%) | |||
Money Market Fund (1.9%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.064% | 4,541,786 | 454,179 |
Face Amount ($000) | |||
Repurchase Agreement (1.0%) | |||
Bank of America Securities LLC 0.050%, 8/2/21 (Dated 7/30/21, Repurchase Value $230,001,000, collateralized by Government National Mortgage Association 2.500%–5.000%, 6/20/30–4/20/51, with a value of $234,600,000) | 230,000 | 230,000 | |
Total Temporary Cash Investments (Cost $684,142) | 684,179 | ||
Total Investments (100.9%) (Cost $17,524,838) | 23,855,595 | ||
Other Assets and Liabilities—Net (-0.9%) | (206,417) | ||
Net Assets (100%) | 23,649,178 | ||
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 $200,817,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $206,833,000 was received for securities on loan. |
ADR—American Depositary Receipt. | |
PP—Private Placement. |
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 | September 2021 | 921 | 202,136 | 6,711 |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 22,309,725 | 861,691 | — | 23,171,416 |
Temporary Cash Investments | 454,179 | 230,000 | — | 684,179 |
Total | 22,763,904 | 1,091,691 | — | 23,855,595 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 6,711 | — | — | 6,711 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |