Shares | Market Value ($000) | ||
Common Stocks (98.0%) | |||
Communication Services (6.1%) | |||
* | Meta Platforms Inc. Class A | 2,812,775 | 419,019 |
* | Alphabet Inc. Class A | 3,174,145 | 313,732 |
* | T-Mobile US Inc. | 1,491,810 | 222,742 |
* | Charter Communications Inc. Class A | 575,145 | 221,034 |
* | Match Group Inc. | 2,838,342 | 153,611 |
Cable One Inc. | 137,732 | 108,792 | |
Verizon Communications Inc. | 220,056 | 9,148 | |
1,448,078 | |||
Consumer Discretionary (10.1%) | |||
* | Dollar Tree Inc. | 1,472,775 | 221,181 |
* | Las Vegas Sands Corp. | 3,617,930 | 213,458 |
Lennar Corp. Class A | 1,989,045 | 203,678 | |
Lear Corp. | 1,381,940 | 201,459 | |
* | Booking Holdings Inc. | 80,996 | 197,152 |
Gildan Activewear Inc. | 6,139,590 | 192,353 | |
Newell Brands Inc. | 11,866,202 | 189,385 | |
* | Skechers USA Inc. Class A | 3,530,160 | 169,977 |
* | Magna International Inc. | 2,258,539 | 146,670 |
* | Airbnb Inc. Class A | 1,305,746 | 145,082 |
PVH Corp. | 1,588,525 | 142,808 | |
* | CarMax Inc. | 1,990,701 | 140,245 |
* | Mohawk Industries Inc. | 1,060,308 | 127,301 |
Ross Stores Inc. | 877,418 | 103,702 | |
2,394,451 | |||
Consumer Staples (3.4%) | |||
Philip Morris International Inc. | 2,461,178 | 256,553 | |
Keurig Dr Pepper Inc. | 6,948,519 | 245,144 | |
Unilever plc (XLON) | 4,720,594 | 240,274 | |
Sysco Corp. | 865,100 | 67,011 | |
808,982 | |||
Energy (7.8%) | |||
Halliburton Co. | 11,451,942 | 472,049 | |
Schlumberger NV | 6,562,208 | 373,915 | |
Canadian Natural Resources Ltd. | 4,719,854 | 289,988 | |
Diamondback Energy Inc. | 1,178,151 | 172,151 | |
ConocoPhillips | 1,390,982 | 169,519 | |
NOV Inc. | 5,808,164 | 141,952 | |
Shell plc ADR | 2,086,504 | 122,707 | |
Exxon Mobil Corp. | 878,247 | 101,885 | |
1,844,166 |
Shares | Market Value ($000) | ||
Financials (21.3%) | |||
MetLife Inc. | 6,175,146 | 450,909 | |
Chubb Ltd. | 1,587,008 | 361,029 | |
American International Group Inc. | 5,659,822 | 357,814 | |
Equitable Holdings Inc. | 11,144,476 | 357,403 | |
Charles Schwab Corp. | 4,462,075 | 345,454 | |
Voya Financial Inc. | 4,853,048 | 338,597 | |
Allstate Corp. | 2,213,057 | 284,312 | |
Wells Fargo & Co. | 4,933,654 | 231,240 | |
S&P Global Inc. | 575,239 | 215,680 | |
M&T Bank Corp. | 1,375,214 | 214,533 | |
Royal Bank of Canada | 2,067,300 | 211,554 | |
Citigroup Inc. | 4,035,906 | 210,755 | |
Capital One Financial Corp. | 1,761,259 | 209,590 | |
Globe Life Inc. | 1,590,091 | 192,163 | |
Raymond James Financial Inc. | 1,636,334 | 184,529 | |
JPMorgan Chase & Co. | 1,265,602 | 177,134 | |
Apollo Global Management Inc. | 2,391,712 | 169,285 | |
Bank of America Corp. | 4,514,065 | 160,159 | |
Goldman Sachs Group Inc. | 353,777 | 129,415 | |
Axis Capital Holdings Ltd. | 1,829,345 | 114,462 | |
Morgan Stanley | 720,717 | 70,148 | |
UBS Group AG (Registered) | 2,753,680 | 59,094 | |
Invesco Ltd. | 852,369 | 15,777 | |
5,061,036 | |||
Health Care (13.1%) | |||
Pfizer Inc. | 11,537,077 | 509,477 | |
* | Centene Corp. | 3,186,333 | 242,926 |
AstraZeneca plc ADR | 3,520,049 | 230,106 | |
1 | Fresenius Medical Care AG & Co. KGaA ADR | 12,027,347 | 225,272 |
* | Seagen Inc. | 1,592,570 | 222,132 |
Novartis AG (Registered) | 1,862,653 | 168,401 | |
* | Avantor Inc. | 6,566,824 | 156,947 |
DENTSPLY SIRONA Inc. | 4,083,218 | 150,385 | |
Bristol-Myers Squibb Co. | 1,853,066 | 134,625 | |
* | Teleflex Inc. | 537,716 | 130,891 |
Humana Inc. | 252,389 | 129,147 | |
* | Regeneron Pharmaceuticals Inc. | 162,103 | 122,950 |
Encompass Health Corp. | 1,642,786 | 102,592 | |
Johnson & Johnson | 616,171 | 100,695 | |
Cigna Corp. | 298,096 | 94,398 | |
Elevance Health Inc. | 186,825 | 93,411 | |
Cardinal Health Inc. | 1,164,253 | 89,939 | |
McKesson Corp. | 181,684 | 68,800 | |
Amgen Inc. | 269,795 | 68,096 | |
* | GE Healthcare Inc. | 881,328 | 61,270 |
3,102,460 | |||
Industrials (7.7%) | |||
Westinghouse Air Brake Technologies Corp. | 4,593,389 | 476,840 | |
Knight-Swift Transportation Holdings Inc. | 4,151,291 | 245,341 | |
General Electric Co. | 2,643,985 | 212,788 | |
* | Techtronic Industries Co. Ltd. | 14,234,000 | 183,502 |
Ferguson plc | 1,200,293 | 170,850 | |
Airbus SE | 1,336,540 | 167,556 | |
Leidos Holdings Inc. | 1,662,241 | 164,296 | |
PACCAR Inc. | 930,070 | 101,666 | |
General Dynamics Corp. | 339,199 | 79,054 |
Shares | Market Value ($000) | ||
Textron Inc. | 527,173 | 38,404 | |
1,840,297 | |||
Information Technology (13.8%) | |||
QUALCOMM Inc. | 2,135,634 | 284,488 | |
* | Salesforce Inc. | 1,486,869 | 249,749 |
Micron Technology Inc. | 3,853,178 | 232,347 | |
NXP Semiconductors NV | 1,256,922 | 231,663 | |
SS&C Technologies Holdings Inc. | 3,635,214 | 219,385 | |
Cognizant Technology Solutions Corp. Class A | 3,239,260 | 216,221 | |
Amdocs Ltd. | 2,333,964 | 214,561 | |
* | Microsoft Corp. | 772,203 | 191,360 |
* | F5 Inc. | 1,285,109 | 189,759 |
Fidelity National Information Services Inc. | 2,380,215 | 178,611 | |
* | FleetCor Technologies Inc. | 800,175 | 167,084 |
* | GoDaddy Inc. Class A | 2,022,777 | 166,131 |
Hewlett Packard Enterprise Co. | 9,858,568 | 159,019 | |
Genpact Ltd. | 2,993,917 | 141,552 | |
Oracle Corp. | 1,125,306 | 99,545 | |
* | Zebra Technologies Corp. Class A | 305,374 | 96,553 |
* | VMware Inc. Class A | 516,731 | 63,284 |
* | Lumentum Holdings Inc. | 1,033,736 | 62,210 |
Samsung Electronics Co. Ltd. | 938,035 | 46,724 | |
Juniper Networks Inc. | 1,231,241 | 39,769 | |
Cisco Systems Inc. | 556,397 | 27,080 | |
3,277,095 | |||
Materials (5.6%) | |||
Dow Inc. | 3,814,708 | 226,403 | |
Rio Tinto plc ADR | 2,827,610 | 224,371 | |
Reliance Steel & Aluminum Co. | 959,845 | 218,317 | |
CRH plc (XDUB) | 4,131,259 | 192,845 | |
PPG Industries Inc. | 1,324,516 | 172,637 | |
FMC Corp. | 1,211,524 | 161,290 | |
LG Chem Ltd. | 228,857 | 129,168 | |
1,325,031 | |||
Real Estate (3.1%) | |||
American Tower Corp. | 1,250,002 | 279,238 | |
Equinix Inc. | 239,277 | 176,617 | |
Americold Realty Trust Inc. | 5,008,939 | 157,331 | |
Extra Space Storage Inc. | 556,097 | 87,769 | |
* | CBRE Group Inc. Class A | 384,588 | 32,886 |
733,841 | |||
Utilities (6.0%) | |||
Edison International | 5,743,400 | 395,720 | |
Exelon Corp. | 7,759,321 | 327,366 | |
Duke Energy Corp. | 2,400,876 | 245,969 | |
Iberdrola SA (XMAD) | 17,113,261 | 200,769 | |
AES Corp. | 7,002,811 | 191,947 | |
Avangrid Inc. | 1,492,527 | 62,940 | |
* | Iberdrola SA | 285,222 | 3,332 |
1,428,043 | |||
Total Common Stocks (Cost $18,827,295) | 23,263,480 | ||
Temporary Cash Investments (2.2%) | |||
Money Market Fund (1.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.437% | 2,734,016 | 273,374 |
Face Amount ($000) | Market Value ($000) | ||
Repurchase Agreement (1.1%) | |||
Bank of America Securities LLC 4.300%, 2/1/23 (Dated 1/31/23, Repurchase Value $260,631,000, collateralized by Ginnie Mae 2.000%, 1/20/52, with a value of $265,812,000) | 260,600 | 260,600 | |
Total Temporary Cash Investments (Cost $533,933) | 533,974 | ||
Total Investments (100.2%) (Cost $19,361,228) | 23,797,454 | ||
Other Assets and Liabilities—Net (-0.2%) | (49,967) | ||
Net Assets (100%) | 23,747,487 | ||
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 $14,645,000. |
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 $15,638,000 was received for securities on loan. |
ADR—American Depositary Receipt. |
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 2023 | 793 | 162,169 | 6,898 |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 21,930,909 | 1,332,571 | — | 23,263,480 |
Temporary Cash Investments | 273,374 | 260,600 | — | 533,974 |
Total | 22,204,283 | 1,593,171 | — | 23,797,454 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 6,898 | — | — | 6,898 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |
Current Period Transactions | ||||||||
Oct. 31, 2022 Market Value ($000) | Purchases at Cost ($000) | Proceeds from Securities Sold ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Jan. 31, 2023 Market Value ($000) | |
Vanguard Market Liquidity Fund | 366,607 | NA1 | NA1 | 29 | (8) | 5,048 | 1 | 273,374 |
Voya Financial Inc. | 336,421 | — | 4,250 | (412) | 6,838 | 984 | — | NA2 |
Total | 703,028 | — | 4,250 | (383) | 6,830 | 6,032 | 1 | 273,374 |
1 | Not applicable—purchases and sales are for temporary cash investment purposes. |
2 | Not applicable—at January 31, 2023, the security was still held, but the issuer was no longer an affiliated company of the fund. |