NPORT-EX 2 vg_midcapgrowthindex.htm
Vanguard® Mid-Cap Growth Index Fund
Schedule of Investments (unaudited)
As of March 31, 2023
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 (100.0%)
Basic Materials (2.7%)
  Fastenal Co.  3,900,212    210,378
  Albemarle Corp.    800,761    177,000
  Mosaic Co.  2,299,043    105,480
  FMC Corp.    430,228     52,544
            545,402
Consumer Discretionary (14.3%)
* Copart Inc.  2,928,933    220,285
* Aptiv plc  1,851,291    207,696
* Ulta Beauty Inc.    347,644    189,699
* Trade Desk Inc. Class A  3,050,745    185,821
  Tractor Supply Co.    752,069    176,766
* Chipotle Mexican Grill Inc. Class A     94,367    161,206
* AutoZone Inc. 64,110 157,592
* Take-Two Interactive Software Inc. 1,152,481 137,491
  Hilton Worldwide Holdings Inc. 910,305 128,235
* NVR Inc. 21,091 117,523
* ROBLOX Corp. Class A 2,457,448 110,536
  LKQ Corp. 1,824,702 103,570
* Expedia Group Inc. 1,010,001 98,000
* Royal Caribbean Cruises Ltd. 1,482,943 96,836
* Etsy Inc. 851,645 94,814
  MGM Resorts International 2,072,017 92,039
* Burlington Stores Inc. 445,408 90,017
  Domino's Pizza Inc. 241,985 79,824
* Live Nation Entertainment Inc. 1,107,543 77,528
* Caesars Entertainment Inc. 1,396,489 68,163
* Las Vegas Sands Corp. 1,174,761 67,490
  Rollins Inc. 1,681,469 63,106
  Pool Corp. 126,768 43,410
  Vail Resorts Inc. 137,753 32,190
  Warner Music Group Corp. Class A 803,320 26,807
* Chewy Inc. Class A 613,215 22,922
* Endeavor Group Holdings Inc. Class A 890,086 21,300
1 Sirius XM Holdings Inc. 1,995,059 7,920
            2,878,786
Consumer Staples (1.4%)
  Church & Dwight Co. Inc. 1,667,424 147,417
  McCormick & Co. Inc. (Non-Voting) 856,382 71,259
  Lamb Weston Holdings Inc. 491,617 51,384
            270,060

          Shares Market
Value
($000)
Energy (8.0%)
  Cheniere Energy Inc.  1,665,118    262,423
  Hess Corp.  1,895,886    250,901
  Devon Energy Corp.  4,468,439    226,148
* Enphase Energy Inc.    932,623    196,112
  Diamondback Energy Inc.  1,254,379    169,554
  Coterra Energy Inc.  5,117,806    125,591
  Marathon Oil Corp.  4,302,089    103,078
  Halliburton Co.  2,779,606     87,947
* First Solar Inc.    345,946     75,243
*,1 Plug Power Inc.  3,983,653     46,688
  Texas Pacific Land Corp.     21,036     35,783
  EQT Corp.  1,108,056     35,358
            1,614,826
Financials (6.3%)
  MSCI Inc. Class A 519,022 290,491
  Apollo Global Management Inc. 2,737,106 172,876
  Broadridge Financial Solutions Inc. 804,145 117,864
  LPL Financial Holdings Inc. 537,546 108,799
  FactSet Research Systems Inc. 261,358 108,487
  MarketAxess Holdings Inc. 256,957 100,545
  Ares Management Corp. Class A 1,066,337 88,975
*,1 Coinbase Global Inc. Class A 1,003,401 67,800
  Tradeweb Markets Inc. Class A 758,787 59,959
* Markel Corp. 43,528 55,603
  Interactive Brokers Group Inc. Class A 667,588 55,116
  Brown & Brown Inc. 774,177 44,453
            1,270,968
Health Care (14.5%)
* Dexcom Inc. 2,640,184 306,737
* IQVIA Holdings Inc. 1,268,960 252,383
  ResMed Inc. 1,003,772 219,816
* Seagen Inc. 957,186 193,801
* Veeva Systems Inc. Class A 962,859 176,964
  West Pharmaceutical Services Inc. 506,534 175,499
* Horizon Therapeutics plc 1,560,493 170,312
* Alnylam Pharmaceuticals Inc. 848,135 169,898
* Align Technology Inc. 507,021 169,416
* Insulet Corp. 474,512 151,350
* IDEXX Laboratories Inc. 283,224 141,635
  Cooper Cos. Inc. 337,707 126,086
* BioMarin Pharmaceutical Inc. 1,269,832 123,479
* Molina Healthcare Inc. 395,603 105,820
* Incyte Corp. 1,294,866 93,580
* Avantor Inc. 4,377,637 92,543
* Catalent Inc. 1,168,850 76,805
* Bio-Rad Laboratories Inc. Class A 142,396 68,211
  STERIS plc 339,125 64,868
* Charles River Laboratories International Inc. 174,201 35,157
            2,914,360
Industrials (17.7%)
  Cintas Corp. 590,183 273,066
  TransDigm Group Inc. 354,398 261,209
* Mettler-Toledo International Inc. 151,044 231,129
  Old Dominion Freight Line Inc. 676,590 230,609
  AMETEK Inc. 1,572,096 228,473
  WW Grainger Inc. 308,691 212,629

          Shares Market
Value
($000)
  Verisk Analytics Inc. Class A  1,068,530    205,008
  Equifax Inc.    836,908    169,758
  Quanta Services Inc.    983,887    163,955
  Vulcan Materials Co.    908,099    155,793
  Martin Marietta Materials Inc.    424,240    150,631
* Teledyne Technologies Inc.    320,254    143,269
  Xylem Inc.  1,231,616    128,950
* Waters Corp.    405,907    125,681
* Zebra Technologies Corp. Class A    351,222    111,689
* FleetCor Technologies Inc.    478,713    100,937
  JB Hunt Transport Services Inc.    565,925     99,297
* Trimble Inc.  1,687,201     88,443
  TransUnion  1,317,892     81,894
  Masco Corp.  1,538,584     76,498
  HEICO Corp. Class A 505,146 68,649
  Ball Corp. 1,074,407 59,211
* BILL Holdings Inc. 690,700 56,043
  Howmet Aerospace Inc. 1,267,925 53,722
  HEICO Corp. 279,462 47,799
  Jack Henry & Associates Inc. 249,413 37,592
            3,561,934
Real Estate (7.0%)
  Realty Income Corp. 4,513,059 285,767
  Welltower Inc. 3,352,354 240,330
  SBA Communications Corp. Class A 737,891 192,641
* CoStar Group Inc. 2,779,303 191,355
  Extra Space Storage Inc. 915,016 149,084
  Invitation Homes Inc. 4,177,478 130,463
  Sun Communities Inc. 847,915 119,454
* Zillow Group Inc. Class C 1,049,189 46,657
  Camden Property Trust 364,602 38,225
* Zillow Group Inc. Class A 274,775 12,008
            1,405,984
Technology (23.3%)
  Amphenol Corp. Class A 4,062,728 332,006
  Microchip Technology Inc. 3,742,879 313,578
* ON Semiconductor Corp. 2,951,446 242,963
* ANSYS Inc. 595,023 198,024
* Cadence Design Systems Inc. 932,447 195,898
* Atlassian Corp. Class A 1,025,614 175,554
* Gartner Inc. 513,187 167,181
  Monolithic Power Systems Inc. 305,768 153,049
* Fortinet Inc. 2,268,583 150,770
* HubSpot Inc. 320,602 137,458
* Datadog Inc. Class A 1,795,884 130,489
* VeriSign Inc. 609,119 128,725
  Skyworks Solutions Inc. 1,086,209 128,151
  Marvell Technology Inc. 2,914,753 126,209
* DoorDash Inc. Class A 1,968,213 125,100
* Cloudflare Inc. Class A 1,860,036 114,690
  Teradyne Inc. 1,066,214 114,629
* EPAM Systems Inc. 374,232 111,895
* Pinterest Inc. Class A 4,062,063 110,772
* Splunk Inc. 1,118,480 107,240
* Paycom Software Inc. 350,315 106,499
* Zoom Video Communications Inc. Class A 1,426,648 105,344
* MongoDB Inc. Class A 449,719 104,838

          Shares Market
Value
($000)
* Tyler Technologies Inc.    285,723    101,329
* Palantir Technologies Inc. Class A 11,601,852     98,036
* Okta Inc. Class A  1,043,663     90,006
* Akamai Technologies Inc.  1,074,285     84,117
* GoDaddy Inc. Class A  1,048,880     81,519
* DocuSign Inc. Class A  1,373,741     80,089
* Twilio Inc. Class A  1,192,331     79,445
* Snap Inc. Class A  6,800,428     76,233
* Match Group Inc.  1,908,164     73,254
* Zscaler Inc.    591,117     69,060
  Bentley Systems Inc. Class B  1,512,707     65,031
*,1 Unity Software Inc.  1,790,340     58,079
* ZoomInfo Technologies Inc. Class A  2,348,535     58,032
* Black Knight Inc.    959,677     55,239
* Toast Inc. Class A 1,085,896 19,275
* UiPath Inc. Class A 1,044,674 18,344
            4,688,150
Telecommunications (3.6%)
  Motorola Solutions Inc. 1,142,748 326,974
* Arista Networks Inc. 1,570,086 263,555
* Liberty Broadband Corp. Class C 818,318 66,857
* Roku Inc. Class A 838,441 55,186
* Liberty Broadband Corp. Class A 111,636 9,168
            721,740
Utilities (1.2%)
  Waste Connections Inc. 1,757,482 244,413
Total Common Stocks (Cost $16,087,969) 20,116,623
      Coupon      
Temporary Cash Investments (0.3%)
Money Market Fund (0.3%)
2,3 Vanguard Market Liquidity Fund
(Cost $68,702)
4.839%   687,310 68,724
Total Investments (100.3%) (Cost $16,156,671)   20,185,347
Other Assets and Liabilities—Net (-0.3%)   (66,122)
Net Assets (100%)   20,119,225
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 $68,009,000.
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 $68,673,000 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 2023 11 2,276 102
E-mini S&P Mid-Cap 400 Index June 2023 12 3,035 72
        174

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.
At March 31, 2023, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.