NPORT-EX 1 vgindex500fnd003119.htm vgindex500fnd003119.htm - Generated by SEC Publisher for SEC Filing
Vanguard 500 Index Fund     
 
 
 
Schedule of Investments (unaudited)     
As of March 31, 2019     
 
      Market 
      Value 
    Shares  ($000) 
Common Stocks (99.6%)1     
Communication Services (10.1%)     
*  Facebook Inc. Class A  46,252,839  7,709,886 
*  Alphabet Inc. Class C  5,956,939  6,989,336 
*  Alphabet Inc. Class A  5,806,038  6,833,068 
  Verizon Communications Inc.  80,107,493  4,736,756 
  AT&T Inc.  141,236,620  4,429,180 
  Walt Disney Co.  33,854,540  3,758,870 
  Comcast Corp. Class A  87,563,157  3,500,775 
*  Netflix Inc.  8,465,102  3,018,317 
*  Charter Communications Inc. Class A  3,364,067  1,167,029 
  Activision Blizzard Inc.  14,810,742  674,333 
*  Electronic Arts Inc.  5,808,462  590,314 
*  Twitter Inc.  14,121,024  464,299 
  CBS Corp. Class B  6,744,971  320,588 
  Omnicom Group Inc.  4,336,063  316,489 
*  Fox Corp. Class A  6,839,844  251,091 
  CenturyLink Inc.  18,410,679  220,744 
*  Take-Two Interactive Software Inc.  2,191,165  206,780 
  Viacom Inc. Class B  6,858,011  192,504 
*  Discovery Communications Inc.  6,976,869  177,352 
  Interpublic Group of Cos. Inc.  7,451,428  156,555 
*  DISH Network Corp. Class A  4,451,327  141,063 
  News Corp. Class A  9,891,196  123,046 
*  Fox Corp. Class B  3,153,520  113,148 
*  TripAdvisor Inc.  1,989,607  102,365 
*,^ Discovery Communications Inc. Class A  3,052,355  82,475 
  News Corp. Class B  6,219  78 
      46,276,441 
Consumer Discretionary (10.1%)     
*  Amazon.com Inc.  7,999,638  14,245,355 
  Home Depot Inc.  21,899,812  4,202,355 
  McDonald's Corp.  14,836,970  2,817,541 
  NIKE Inc. Class B  24,404,244  2,055,081 
  Starbucks Corp.  24,105,400  1,791,995 
  Lowe's Cos. Inc.  15,528,360  1,699,890 
*  Booking Holdings Inc.  872,958  1,523,233 
  TJX Cos. Inc.  23,996,336  1,276,845 
  General Motors Co.  25,415,385  942,911 
  Target Corp.  10,116,129  811,920 
  Marriott International Inc. Class A  5,465,799  683,717 
  Ross Stores Inc.  7,184,357  668,864 
  Ford Motor Co.  75,752,885  665,110 
  eBay Inc.  16,675,833  619,340 
  Dollar General Corp.  5,095,304  607,870 
  Yum! Brands Inc.  5,941,440  593,015 
*  O'Reilly Automotive Inc.  1,519,699  590,099 
  VF Corp.  6,291,490  546,793 
*  AutoZone Inc.  484,327  496,009 
*  Dollar Tree Inc.  4,616,017  484,866 

 

 

  Hilton Worldwide Holdings Inc.  5,677,547  471,861 
  Aptiv plc  5,045,234  401,046 
  Carnival Corp.  7,762,391  393,708 
  Royal Caribbean Cruises Ltd.  3,325,237  381,139 
*  Ulta Beauty Inc.  1,092,108  380,851 
*  Chipotle Mexican Grill Inc. Class A  472,587  335,683 
  Best Buy Co. Inc.  4,538,581  322,512 
  Genuine Parts Co.  2,829,195  316,955 
  Darden Restaurants Inc.  2,394,393  290,847 
  DR Horton Inc.  6,593,422  272,836 
  Expedia Group Inc.  2,268,984  270,009 
  Lennar Corp. Class A  5,489,461  269,478 
  MGM Resorts International  9,886,207  253,680 
  Advance Auto Parts Inc.  1,389,668  236,980 
*  Norwegian Cruise Line Holdings Ltd.  4,213,930  231,598 
*  CarMax Inc.  3,298,693  230,249 
  Tractor Supply Co.  2,350,484  229,783 
  Wynn Resorts Ltd.  1,878,188  224,105 
  Tiffany & Co.  2,103,551  222,030 
  Kohl's Corp.  3,201,136  220,142 
^  Garmin Ltd.  2,351,045  203,013 
  Hasbro Inc.  2,241,825  190,600 
  Tapestry Inc.  5,622,824  182,686 
  PVH Corp.  1,469,092  179,156 
*  LKQ Corp.  6,105,384  173,271 
  Whirlpool Corp.  1,233,725  163,950 
  BorgWarner Inc.  4,035,328  154,997 
*  Mohawk Industries Inc.  1,192,494  150,433 
  Macy's Inc.  5,965,578  143,353 
  PulteGroup Inc.  4,954,753  138,535 
*  Capri Holdings Ltd.  2,961,107  135,471 
  Ralph Lauren Corp. Class A  1,023,854  132,773 
  Foot Locker Inc.  2,185,581  132,446 
  Hanesbrands Inc.  7,016,537  125,456 
  L Brands Inc.  4,421,286  121,939 
  Newell Brands Inc.  7,456,617  114,384 
  Harley-Davidson Inc.  3,098,090  110,478 
  Gap Inc.  4,135,321  108,263 
  Leggett & Platt Inc.  2,546,363  107,507 
  H&R Block Inc.  3,978,852  95,254 
  Nordstrom Inc.  2,077,386  92,194 
*,^ Mattel Inc. 6,687,030  86,931 
*  Under Armour Inc. Class A  3,639,519  76,939 
*  Under Armour Inc. Class C  3,738,721  70,550 
  Lennar Corp. Class B  76,975  3,011 
  Wyndham Hotels & Resorts Inc.  216  11 
      46,471,902 
Consumer Staples (7.3%)     
  Procter & Gamble Co.  48,497,131  5,046,126 
  Coca-Cola Co.  74,611,395  3,496,290 
  PepsiCo Inc.  27,230,334  3,337,077 
  Walmart Inc.  27,593,358  2,691,180 
  Philip Morris International Inc.  30,136,841  2,663,795 
  Altria Group Inc.  36,342,778  2,087,166 
  Costco Wholesale Corp.  8,537,155  2,067,187 
  Mondelez International Inc. Class A  28,004,263  1,397,973 
  Colgate-Palmolive Co.  16,707,232  1,145,114 

 

 

Walgreens Boots Alliance Inc.  15,546,094  983,601 
Kimberly-Clark Corp.  6,677,286  827,316 
Estee Lauder Cos. Inc. Class A  4,231,131  700,464 
Sysco Corp.  9,158,436  611,417 
General Mills Inc.  11,574,444  598,977 
Constellation Brands Inc. Class A  3,228,465  566,047 
Archer-Daniels-Midland Co.  10,863,708  468,552 
* Monster Beverage Corp.  7,582,258  413,840 
Clorox Co.  2,486,292  398,950 
Tyson Foods Inc. Class A  5,727,339  397,649 
Kraft Heinz Co.  12,055,768  393,621 
Kroger Co.  15,464,999  380,439 
McCormick & Co. Inc.  2,376,310  357,944 
Church & Dwight Co. Inc.  4,766,454  339,515 
Hershey Co.  2,699,158  309,944 
Kellogg Co.  4,870,238  279,454 
Conagra Brands Inc.  9,414,350  261,154 
JM Smucker Co.  2,205,840  256,980 
^ Hormel Foods Corp.  5,278,307  236,257 
Molson Coors Brewing Co. Class B  3,632,669  216,689 
Lamb Weston Holdings Inc.  2,840,238  212,847 
Brown-Forman Corp. Class B  3,219,625  169,932 
^ Campbell Soup Co.  3,729,994  142,225 
^ Coty Inc. Class A  8,726,235  100,352 
    33,556,074 
Energy (5.4%)     
Exxon Mobil Corp.  82,146,120  6,637,406 
Chevron Corp.  36,837,166  4,537,602 
ConocoPhillips  21,993,914  1,467,874 
Schlumberger Ltd.  26,880,337  1,171,176 
EOG Resources Inc.  11,244,711  1,070,272 
Occidental Petroleum Corp.  14,531,433  961,981 
Marathon Petroleum Corp.  13,061,525  781,732 
Phillips 66  8,133,301  774,046 
Kinder Morgan Inc.  37,729,446  754,966 
Valero Energy Corp.  8,096,748  686,847 
Williams Cos. Inc.  23,475,098  674,205 
ONEOK Inc.  7,979,249  557,271 
Pioneer Natural Resources Co.  3,264,649  497,141 
Halliburton Co.  16,927,772  495,984 
Anadarko Petroleum Corp.  9,685,477  440,495 
Concho Resources Inc.  3,888,643  431,484 
Diamondback Energy Inc.  2,995,208  304,103 
Hess Corp.  4,933,293  297,132 
Baker Hughes a GE Co. Class A  9,958,321  276,045 
Devon Energy Corp.  8,496,704  268,156 
Marathon Oil Corp.  15,869,734  265,183 
Apache Corp.  7,278,291  252,266 
Noble Energy Inc.  9,373,149  231,798 
Cabot Oil & Gas Corp.  8,209,027  214,256 
National Oilwell Varco Inc.  7,434,617  198,058 
TechnipFMC plc  8,250,624  194,055 
HollyFrontier Corp.  3,047,881  150,169 
Cimarex Energy Co.  1,967,723  137,544 
Helmerich & Payne Inc.  2,118,121  117,683 
    24,846,930 

 

 

Financials (12.6%)     
* Berkshire Hathaway Inc. Class B  36,452,730  7,322,989 
JPMorgan Chase & Co.  63,482,048  6,426,288 
Bank of America Corp.  174,159,919  4,805,072 
Wells Fargo & Co.  79,385,354  3,835,900 
Citigroup Inc.  45,593,390  2,836,821 
American Express Co.  13,406,134  1,465,290 
US Bancorp  29,172,436  1,405,820 
Goldman Sachs Group Inc.  6,640,247  1,274,861 
Chubb Ltd.  8,886,211  1,244,780 
CME Group Inc.  6,931,931  1,140,857 
PNC Financial Services Group Inc.  8,795,922  1,078,908 
Morgan Stanley  25,174,167  1,062,350 
S&P Global Inc.  4,819,419  1,014,729 
BlackRock Inc.  2,358,732  1,008,051 
Charles Schwab Corp.  22,995,809  983,301 
Marsh & McLennan Cos. Inc.  9,788,733  919,162 
Bank of New York Mellon Corp.  17,028,890  858,767 
Intercontinental Exchange Inc.  11,020,530  839,103 
Progressive Corp.  11,319,227  816,003 
Aon plc  4,652,696  794,215 
MetLife Inc.  18,562,596  790,210 
Capital One Financial Corp.  9,076,339  741,446 
Prudential Financial Inc.  7,927,810  728,407 
Aflac Inc.  14,543,299  727,165 
American International Group Inc.  16,858,149  725,912 
Travelers Cos. Inc.  5,106,628  700,425 
BB&T Corp.  14,805,041  688,879 
Allstate Corp.  6,436,931  606,230 
Moody's Corp.  3,221,660  583,410 
SunTrust Banks Inc.  8,593,921  509,190 
State Street Corp.  7,340,057  483,049 
T. Rowe Price Group Inc.  4,581,109  458,661 
Discover Financial Services  6,367,311  453,098 
Willis Towers Watson plc  2,503,448  439,731 
M&T Bank Corp.  2,685,403  421,662 
Synchrony Financial  12,661,735  403,909 
Northern Trust Corp.  4,234,903  382,878 
Fifth Third Bancorp  14,932,725  376,603 
Hartford Financial Services Group Inc.  6,968,090  346,453 
Ameriprise Financial Inc.  2,627,413  336,572 
MSCI Inc. Class A  1,635,227  325,148 
KeyCorp  19,560,698  308,081 
Citizens Financial Group Inc.  8,934,682  290,377 
Regions Financial Corp.  19,753,047  279,506 
Arthur J Gallagher & Co.  3,567,680  278,636 
Huntington Bancshares Inc.  20,296,184  257,356 
Loews Corp.  5,310,994  254,556 
Cincinnati Financial Corp.  2,937,100  252,297 
Principal Financial Group Inc.  5,018,392  251,873 
* Berkshire Hathaway Inc. Class A  829  249,707 
First Republic Bank  2,444,324  245,557 
Lincoln National Corp.  3,962,009  232,570 
* SVB Financial Group  1,020,304  226,875 
Comerica Inc.  3,082,508  226,009 
E*TRADE Financial Corp.  4,770,465  221,493 
Cboe Global Markets Inc.  2,172,450  207,339 

 

 

Raymond James Financial Inc.  2,457,658  197,620 
Nasdaq Inc.  2,241,298  196,091 
Franklin Resources Inc.  5,717,976  189,494 
Everest Re Group Ltd.  787,409  170,049 
Zions Bancorp NA  3,613,981  164,111 
Torchmark Corp.  1,963,511  160,910 
Invesco Ltd.  7,690,603  148,505 
Unum Group  4,156,018  140,598 
People's United Financial Inc.  7,490,215  123,139 
Assurant Inc.  1,196,180  113,529 
Affiliated Managers Group Inc.  1,007,548  107,918 
Jefferies Financial Group Inc.  5,092,300  95,684 
* Brighthouse Financial Inc.  2,266,437  82,249 
* BSB Bancorp Inc.  66,562  2,186 
    58,036,620 
Health Care (14.5%)     
Johnson & Johnson  51,644,860  7,219,435 
UnitedHealth Group Inc.  18,599,682  4,598,957 
Pfizer Inc.  107,740,818  4,575,753 
Merck & Co. Inc.  50,079,526  4,165,114 
Abbott Laboratories  34,059,757  2,722,737 
Medtronic plc  26,012,493  2,369,218 
AbbVie Inc.  28,598,174  2,304,727 
Amgen Inc.  12,070,821  2,293,215 
Eli Lilly & Co.  16,707,718  2,167,994 
Thermo Fisher Scientific Inc.  7,806,841  2,136,889 
Gilead Sciences Inc.  24,739,005  1,608,283 
Danaher Corp.  12,180,416  1,608,059 
Bristol-Myers Squibb Co.  31,667,531  1,510,858 
Anthem Inc.  4,985,229  1,430,661 
CVS Health Corp.  25,143,684  1,355,999 
Becton Dickinson and Co.  5,216,210  1,302,644 
* Celgene Corp.  13,623,275  1,285,220 
* Intuitive Surgical Inc.  2,219,305  1,266,291 
Cigna Corp.  7,369,604  1,185,180 
Stryker Corp.  5,996,438  1,184,416 
* Boston Scientific Corp.  26,891,974  1,032,114 
Zoetis Inc.  9,304,366  936,671 
* Vertex Pharmaceuticals Inc.  4,958,987  912,206 
* Biogen Inc.  3,815,756  901,968 
Allergan plc  6,066,777  888,237 
* Illumina Inc.  2,848,662  885,051 
* Edwards Lifesciences Corp.  4,029,370  770,939 
Baxter International Inc.  9,246,308  751,817 
Humana Inc.  2,628,609  699,210 
HCA Healthcare Inc.  5,181,266  675,533 
* Regeneron Pharmaceuticals Inc.  1,521,629  624,811 
* Alexion Pharmaceuticals Inc.  4,335,305  586,047 
Zimmer Biomet Holdings Inc.  3,963,060  506,083 
Agilent Technologies Inc.  6,157,242  494,919 
* IQVIA Holdings Inc.  3,072,426  441,968 
McKesson Corp.  3,719,550  435,411 
* Centene Corp.  8,008,614  425,257 
* Align Technology Inc.  1,411,108  401,220 
* IDEXX Laboratories Inc.  1,667,552  372,865 
* Cerner Corp.  6,288,629  359,772 
* Waters Corp.  1,387,849  349,335 

 

 

* Mettler-Toledo International Inc.  480,779  347,603 
* Incyte Corp.  3,446,125  296,401 
* Laboratory Corp. of America Holdings  1,912,147  292,520 
ResMed Inc.  2,777,854  288,814 
Cooper Cos. Inc.  957,894  283,699 
* Mylan NV  10,007,525  283,613 
Cardinal Health Inc.  5,777,413  278,182 
Teleflex Inc.  892,397  269,647 
* WellCare Health Plans Inc.  971,231  261,990 
* Hologic Inc.  5,198,337  251,600 
* ABIOMED Inc.  873,865  249,567 
* Varian Medical Systems Inc.  1,757,534  249,078 
AmerisourceBergen Corp. Class A  3,028,235  240,805 
Quest Diagnostics Inc.  2,599,349  233,733 
Universal Health Services Inc. Class B  1,617,053  216,313 
Dentsply Sirona Inc.  4,308,537  213,660 
PerkinElmer Inc.  2,144,836  206,676 
* Henry Schein Inc.  2,937,029  176,545 
* DaVita Inc.  2,448,482  132,928 
Perrigo Co. plc  2,419,946  116,545 
* Nektar Therapeutics Class A  3,370,133  113,236 
* Elanco Animal Health Inc.  1  — 
    66,746,239 
Industrials (9.5%)     
Boeing Co.  10,187,481  3,885,709 
Union Pacific Corp.  14,015,110  2,343,326 
3M Co.  11,165,641  2,319,997 
Honeywell International Inc.  14,133,160  2,246,042 
United Technologies Corp.  15,713,357  2,025,295 
General Electric Co.  168,779,426  1,686,106 
Caterpillar Inc.  11,160,374  1,512,119 
United Parcel Service Inc. Class B  13,495,374  1,507,973 
Lockheed Martin Corp.  4,764,190  1,430,019 
CSX Corp.  15,026,122  1,124,254 
Raytheon Co.  5,471,827  996,310 
Deere & Co.  6,175,505  987,093 
Norfolk Southern Corp.  5,186,025  969,216 
General Dynamics Corp.  5,253,636  889,336 
Northrop Grumman Corp.  3,291,572  887,408 
FedEx Corp.  4,657,606  844,936 
Illinois Tool Works Inc.  5,854,788  840,338 
Emerson Electric Co.  11,914,145  815,762 
Waste Management Inc.  7,555,693  785,112 
Roper Technologies Inc.  2,009,060  687,038 
Eaton Corp. plc  8,213,743  661,699 
Johnson Controls International plc  17,695,418  653,669 
Delta Air Lines Inc.  11,978,432  618,686 
Ingersoll-Rand plc  4,694,748  506,798 
Southwest Airlines Co.  9,644,625  500,652 
Fortive Corp.  5,711,600  479,146 
PACCAR Inc.  6,725,293  458,261 
Cummins Inc.  2,807,162  443,167 
Parker-Hannifin Corp.  2,509,893  430,748 
* TransDigm Group Inc.  943,295  428,246 
Verisk Analytics Inc. Class A  3,170,016  421,612 
Rockwell Automation Inc.  2,317,581  406,643 
Stanley Black & Decker Inc.  2,933,827  399,499 

 

 

* IHS Markit Ltd.  7,044,636  383,087 
AMETEK Inc.  4,404,272  365,422 
Harris Corp.  2,286,608  365,194 
Fastenal Co.  5,552,402  357,075 
* United Continental Holdings Inc.  4,344,367  346,594 
Republic Services Inc. Class A  4,177,746  335,807 
Cintas Corp.  1,642,057  331,876 
L3 Technologies Inc.  1,537,772  317,350 
Equifax Inc.  2,339,771  277,263 
Xylem Inc.  3,483,950  275,371 
Dover Corp.  2,809,926  263,571 
WW Grainger Inc.  875,056  263,331 
Expeditors International of Washington Inc.  3,328,099  252,603 
American Airlines Group Inc.  7,749,328  246,119 
* Copart Inc.  3,888,582  235,609 
Textron Inc.  4,551,240  230,566 
CH Robinson Worldwide Inc.  2,649,753  230,502 
Kansas City Southern  1,954,473  226,680 
Masco Corp.  5,703,625  224,210 
^ Wabtec Corp.  2,707,401  199,590 
* United Rentals Inc.  1,544,167  176,421 
Jacobs Engineering Group Inc.  2,269,312  170,630 
JB Hunt Transport Services Inc.  1,684,285  170,601 
Snap-on Inc.  1,078,474  168,803 
Huntington Ingalls Industries Inc.  804,485  166,689 
Allegion plc  1,830,498  166,044 
Nielsen Holdings plc  6,881,170  162,877 
Arconic Inc.  8,371,282  159,975 
Robert Half International Inc.  2,305,537  150,229 
AO Smith Corp.  2,745,328  146,381 
Pentair plc  3,052,677  135,875 
Alaska Air Group Inc.  2,383,681  133,772 
Fortune Brands Home & Security Inc.  2,718,457  129,426 
Rollins Inc.  2,853,067  118,745 
Flowserve Corp.  2,535,932  114,472 
Quanta Services Inc.  2,745,091  103,600 
Fluor Corp.  2,709,150  99,697 
    43,394,272 
Information Technology (21.1%)     
Microsoft Corp.  148,747,277  17,543,254 
Apple Inc.  86,850,254  16,497,206 
Visa Inc. Class A  33,929,217  5,299,404 
Intel Corp.  87,187,301  4,681,958 
Cisco Systems Inc.  85,330,349  4,606,986 
Mastercard Inc. Class A  17,501,595  4,120,751 
Oracle Corp.  49,397,509  2,653,140 
* Adobe Inc.  9,456,372  2,520,029 
International Business Machines Corp.  17,252,273  2,434,296 
* PayPal Holdings Inc.  22,747,460  2,362,096 
* salesforce.com Inc.  14,832,821  2,349,074 
Broadcom Inc.  7,680,210  2,309,516 
Accenture plc Class A  12,360,425  2,175,682 
NVIDIA Corp.  11,749,923  2,109,816 
Texas Instruments Inc.  18,191,494  1,929,572 
Automatic Data Processing Inc.  8,441,902  1,348,509 
QUALCOMM Inc.  23,462,776  1,338,082 
Intuit Inc.  5,023,555  1,313,208 

 

 

* Micron Technology Inc.  21,739,320  898,486 
Cognizant Technology Solutions Corp. Class A  11,144,346  807,408 
Analog Devices Inc.  7,138,414  751,461 
Applied Materials Inc.  18,413,597  730,283 
Fidelity National Information Services Inc.  6,261,077  708,128 
* Fiserv Inc.  7,592,411  670,258 
* Autodesk Inc.  4,245,574  661,545 
* Red Hat Inc.  3,430,315  626,719 
Xilinx Inc.  4,907,535  622,226 
HP Inc.  29,736,758  577,785 
Amphenol Corp. Class A  5,779,534  545,819 
TE Connectivity Ltd.  6,567,152  530,298 
Lam Research Corp.  2,958,502  529,601 
Corning Inc.  15,254,214  504,914 
Paychex Inc.  6,195,585  496,886 
Motorola Solutions Inc.  3,176,901  446,100 
* Advanced Micro Devices Inc.  17,078,759  435,850 
Global Payments Inc.  3,055,042  417,074 
Hewlett Packard Enterprise Co.  26,702,090  412,013 
* FleetCor Technologies Inc.  1,664,766  410,515 
KLA-Tencor Corp.  3,204,691  382,672 
^ Microchip Technology Inc.  4,593,902  381,110 
* VeriSign Inc.  2,042,323  370,804 
* Cadence Design Systems Inc.  5,447,065  345,943 
DXC Technology Co.  5,203,032  334,607 
* Synopsys Inc.  2,901,468  334,104 
NetApp Inc.  4,788,715  332,049 
* Arista Networks Inc.  1,012,857  318,503 
* Keysight Technologies Inc.  3,639,183  317,337 
Total System Services Inc.  3,156,178  299,868 
* ANSYS Inc.  1,625,665  297,025 
Symantec Corp.  12,391,522  284,881 
Maxim Integrated Products Inc.  5,300,931  281,851 
Skyworks Solutions Inc.  3,375,367  278,400 
Western Digital Corp.  5,637,784  270,952 
* Gartner Inc.  1,739,397  263,832 
Citrix Systems Inc.  2,433,149  242,488 
Seagate Technology plc  4,971,869  238,103 
* Fortinet Inc.  2,810,699  236,014 
Broadridge Financial Solutions Inc.  2,239,818  232,247 
* Akamai Technologies Inc.  3,160,006  226,604 
Jack Henry & Associates Inc.  1,494,026  207,281 
* F5 Networks Inc.  1,151,274  180,669 
Juniper Networks Inc.  6,735,532  178,290 
* Qorvo Inc.  2,377,538  170,541 
Western Union Co.  8,440,049  155,888 
Alliance Data Systems Corp.  882,761  154,466 
FLIR Systems Inc.  2,623,267  124,815 
Xerox Corp.  3,870,537  123,780 
* IPG Photonics Corp.  687,147  104,295 
    97,045,367 
Materials (2.6%)     
DowDuPont Inc.  43,717,563  2,330,583 
Linde plc  10,683,830  1,879,606 
Ecolab Inc.  4,909,585  866,738 
Air Products & Chemicals Inc.  4,256,770  812,873 
Sherwin-Williams Co.  1,582,195  681,467 

 

 

PPG Industries Inc.  4,573,988  516,266 
LyondellBasell Industries NV Class A  5,903,436  496,361 
Ball Corp.  6,482,265  375,064 
Newmont Mining Corp.  10,326,033  369,362 
Freeport-McMoRan Inc.  28,090,412  362,085 
International Paper Co.  7,759,819  359,047 
Nucor Corp.  5,921,689  345,531 
Vulcan Materials Co.  2,555,560  302,578 
* International Flavors & Fragrances Inc.  1,963,754  252,912 
Celanese Corp. Class A  2,484,686  245,015 
Martin Marietta Materials Inc.  1,210,101  243,448 
Eastman Chemical Co.  2,713,913  205,932 
FMC Corp.  2,610,938  200,572 
Westrock Co.  4,952,346  189,923 
Mosaic Co.  6,876,129  187,787 
Avery Dennison Corp.  1,629,204  184,100 
Packaging Corp. of America  1,829,531  181,819 
CF Industries Holdings Inc.  4,316,492  176,458 
Albemarle Corp.  2,050,921  168,135 
Sealed Air Corp.  3,013,250  138,790 
    12,072,452 
Real Estate (3.1%)     
American Tower Corp.  8,550,597  1,684,981 
Simon Property Group Inc.  5,991,645  1,091,738 
Crown Castle International Corp.  8,057,944  1,031,417 
Prologis Inc.  12,224,978  879,587 
Equinix Inc.  1,615,669  732,157 
Public Storage  2,908,900  633,500 
Welltower Inc.  7,499,074  581,928 
Equity Residential  7,171,065  540,125 
AvalonBay Communities Inc.  2,685,040  538,968 
Digital Realty Trust Inc.  4,028,148  479,350 
Ventas Inc.  6,905,120  440,616 
* SBA Communications Corp. Class A  2,182,293  435,717 
Realty Income Corp.  5,890,206  433,283 
Boston Properties Inc.  2,999,574  401,583 
Weyerhaeuser Co.  14,481,525  381,443 
Essex Property Trust Inc.  1,274,008  368,494 
Alexandria Real Estate Equities Inc.  2,186,074  311,647 
* CBRE Group Inc. Class A  6,055,574  299,448 
HCP Inc.  9,261,836  289,895 
Host Hotels & Resorts Inc.  14,370,261  271,598 
Extra Space Storage Inc.  2,467,863  251,500 
UDR Inc.  5,335,317  242,543 
Mid-America Apartment Communities Inc.  2,204,661  241,036 
Vornado Realty Trust  3,367,032  227,073 
Regency Centers Corp.  3,242,947  218,866 
Duke Realty Corp.  6,954,498  212,668 
Federal Realty Investment Trust  1,439,431  198,425 
Iron Mountain Inc.  5,543,702  196,580 
Apartment Investment & Management Co.  3,030,050  152,381 
Kimco Realty Corp.  8,157,841  150,920 
SL Green Realty Corp.  1,625,704  146,183 
Macerich Co.  2,056,669  89,157 
    14,154,807 

 

 

Utilities (3.3%)         
  NextEra Energy Inc.      9,272,377  1,792,536 
  Duke Energy Corp.      14,096,350  1,268,672 
  Dominion Energy Inc.      15,495,898  1,187,916 
  Southern Co.      20,062,102  1,036,809 
  Exelon Corp.      18,806,752  942,782 
  American Electric Power Co. Inc.      9,562,583  800,866 
  Sempra Energy      5,314,337  668,862 
  Public Service Enterprise Group Inc.      9,798,081  582,104 
  Xcel Energy Inc.      9,986,766  561,356 
  Consolidated Edison Inc.      6,226,458  528,066 
  WEC Energy Group Inc.      6,114,952  483,570 
  PPL Corp.      13,980,062  443,727 
  DTE Energy Co.      3,526,813  439,935 
  Eversource Energy      6,144,934  435,983 
  FirstEnergy Corp.      9,760,063  406,116 
  Edison International      6,315,945  391,083 
  American Water Works Co. Inc.      3,507,489  365,691 
  Entergy Corp.      3,673,803  351,326 
  Ameren Corp.      4,742,401  348,804 
  CMS Energy Corp.      5,493,949  305,134 
  CenterPoint Energy Inc.      9,715,684  298,272 
  Evergy Inc.      4,937,652  286,631 
  Atmos Energy Corp.      2,269,181  233,567 
  AES Corp.      12,845,308  232,243 
  NRG Energy Inc.      5,441,545  231,157 
  Alliant Energy Corp.      4,574,114  215,578 
  Pinnacle West Capital Corp.      2,171,309  207,534 
  NiSource Inc.      7,209,647  206,628 
          15,252,948 
Total Common Stocks (Cost $300,551,715)        457,854,052 
    Coupon       
Temporary Cash Investments (0.5%)1         
Money Market Fund (0.5%)         
2,3 Vanguard Market Liquidity Fund  2.554%    21,185,213  2,118,945 
 
        Face   
      Maturity  Amount   
      Date  ($000)   
U.S. Government and Agency Obligations (0.0%)  
  United States Treasury Bill  2.401%  4/4/19  10,000  9,998 
4  United States Treasury Bill  2.474%  5/9/19  28,000  27,930 
4  United States Treasury Bill  2.411%–2.497%  5/23/19  40,000  39,865 
4  United States Treasury Bill  2.407%  6/6/19  40,000  39,826 
4  United States Treasury Bill  2.397%  6/13/19  7,000  6,966 
    124,585 
Total Temporary Cash Investments (Cost $2,243,016) 2,243,530 
Total Investments (100.1%) (Cost $302,794,731) 460,097,582 
Other Assets and Liabilities-Net (-0.1%)3,5 (444,858) 
Net Assets (100%) 459,652,724 

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $604,029,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts and
swap contracts. After giving effect to futures and swap investments, the fund's effective common stock and
temporary cash investment positions represent 100.0% and 0.1%, respectively, of net assets.

 

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 Includes $619,677,000 of collateral received for securities on loan.
4 Securities with a value of $79,739,000 have been segregated as initial margin for open futures contracts.
5 Cash of $1,253,000 has been segregated as collateral for open over-the-counter swap contracts.

Derivative Financial Instruments Outstanding as of Period End         
Futures Contracts             
            ($000)
            Value and
        Number of   Unrealized
        Long (Short) Notional Appreciation
      Expiration Contracts Amount (Depreciation)
Long Futures Contracts             
E-mini S&P 500 Index      June 2019  12,638  1,793,206  28,358 
 
Over-the-Counter Total Return Swaps             
        Floating    
        Interest Value and Value and
      Notional Rate Unrealized Unrealized
Termination   Amount Received Appreciation (Depreciation)
Reference Entity  Date Counterparty ($000) (Paid)1 ($000)  ($000) 
First Republic Bank  2/4/20  GSI  77,670  (3.112%)  —  (2,392) 
1 Payment received/paid monthly.             
GSI—Goldman Sachs International.             

 

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. Temporary cash investments are valued using the latest bid prices or using
valuations based on a matrix system (which considers such factors as security prices, yields,
maturities, and ratings), both as furnished by independent pricing services.

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

 

500 Index Fund

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 assets pledged as initial margin for
open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the
contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts
are recorded as an asset (liability).

C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on
selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives
the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of
the selected reference stock and receiving the equivalent of any dividends in respect of the selected
referenced stock) over a specified period of time, applied to a notional amount that represents the
value of a designated number of shares of the selected reference stock at the beginning of the equity
swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to
the notional amount. At the same time, the fund generally invests an amount approximating the
notional amount of the swap in high-quality temporary cash investments.

The notional amounts of swap contracts are not recorded in the Schedule of Investments. Swaps are
valued daily based on market quotations received from independent pricing services or recognized
dealers and the change in value is recorded as unrealized appreciation (depreciation) until termination
of the swap, at which time realized gain (loss) is recorded.

A risk associated with all types of swaps is the possibility that a counterparty may default on its
obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty
risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by
entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial
strength, entering into master netting arrangements with its counterparties, and requiring its
counterparties to transfer collateral as security for their performance. In the absence of a default, the
collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the
event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts
with that counterparty, determine the net amount owed by either party in accordance with its master
netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund
under the master netting arrangements. The swap contracts contain provisions whereby a
counterparty may terminate open contracts if the fund's net assets decline below a certain level,
triggering a payment by the fund if the fund is in a net liability position at the time of the termination.
The payment amount would be reduced by any collateral the fund has pledged. Any securities
pledged as collateral for open contracts are noted in the Schedule of Investments. The value of
collateral received or pledged is compared daily to the value of the swap contracts exposure with
each counterparty, and any difference, if in excess of a specified minimum transfer amount, is
adjusted and settled within two business days.

D. Various inputs may be used to determine the value of the fund's investments. 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 valued with significant unobservable inputs are noted
on the Schedule of Investments.

 

500 Index Fund

The following table summarizes the market value of the fund's investments as of March 31, 2019,
based on the inputs used to value them:

  Level 1  Level 2  Level 3 
Investments  ($000)  ($000)  ($000) 
Common Stocks  457,854,052  —  — 
Temporary Cash Investments  2,118,945  124,585  — 
Futures Contracts—Assets1  11,024  —  — 
Swap Contracts—Liabilities  —  (2,392)  — 
Total  459,984,021  122,193  — 
1 Represents variation margin on the last day of the reporting period.