Shares | Market Value ($000) | |||||
Common Stocks (99.9%) | ||||||
Basic Materials (5.5%) | ||||||
Nucor Corp. | 2,291,590 | 353,982 | ||||
LyondellBasell Industries NV Class A | 2,329,549 | 218,721 | ||||
International Flavors & Fragrances Inc. | 2,277,477 | 209,437 | ||||
Avery Dennison Corp. | 721,974 | 129,183 | ||||
CF Industries Holdings Inc. | 1,748,724 | 126,765 | ||||
International Paper Co. | 3,127,178 | 112,766 | ||||
Celanese Corp. Class A | 871,694 | 94,919 | ||||
Eastman Chemical Co. | 1,061,170 | 89,499 | ||||
Steel Dynamics Inc. | 744,938 | 84,223 | ||||
FMC Corp. | 562,592 | 68,709 | ||||
Westlake Corp. | 142,261 | 16,499 | ||||
1,504,703 | ||||||
Consumer Discretionary (13.6%) | ||||||
DR Horton Inc. | 2,760,678 | 269,691 | ||||
* | Dollar Tree Inc. | 1,876,955 | 269,437 | |||
Lennar Corp. Class A | 2,270,242 | 238,625 | ||||
eBay Inc. | 4,795,720 | 212,786 | ||||
Genuine Parts Co. | 1,257,784 | 210,440 | ||||
* | Delta Air Lines Inc. | 5,727,816 | 200,015 | |||
Southwest Airlines Co. | 5,308,451 | 172,737 | ||||
Omnicom Group Inc. | 1,810,859 | 170,836 | ||||
Darden Restaurants Inc. | 1,087,130 | 168,679 | ||||
* | Warner Bros Discovery Inc. | 9,767,973 | 147,496 | |||
Best Buy Co. Inc. | 1,778,829 | 139,229 | ||||
Garmin Ltd. | 1,367,494 | 138,007 | ||||
* | United Airlines Holdings Inc. | 2,918,500 | 129,144 | |||
PulteGroup Inc. | 2,015,216 | 117,447 | ||||
BorgWarner Inc. | 2,091,312 | 102,704 | ||||
1 | Paramount Global Class B | 4,334,431 | 96,701 | |||
*,1 | Rivian Automotive Inc. Class A | 6,117,489 | 94,699 | |||
* | Carnival Corp. | 8,951,704 | 90,860 | |||
* | CarMax Inc. | 1,411,571 | 90,736 | |||
Fox Corp. Class A | 2,634,297 | 89,698 | ||||
VF Corp. | 3,124,648 | 71,586 | ||||
News Corp. Class A | 4,073,334 | 70,346 | ||||
Advance Auto Parts Inc. | 529,302 | 64,368 | ||||
Interpublic Group of Cos. Inc. | 1,720,302 | 64,064 | ||||
*,1 | Lucid Group Inc. | 5,697,569 | 45,808 | |||
* | American Airlines Group Inc. | 2,910,098 | 42,924 | |||
* | Liberty Media Corp.-Liberty SiriusXM Class C | 1,361,448 | 38,107 | |||
Fox Corp. Class B | 1,187,445 | 37,179 |
Shares | Market Value ($000) | |||||
Lear Corp. | 264,176 | 36,850 | ||||
Bath & Body Works Inc. | 969,451 | 35,463 | ||||
Hasbro Inc. | 585,384 | 31,429 | ||||
* | Liberty Media Corp.-Liberty SiriusXM Class A | 662,697 | 18,615 | |||
Lennar Corp. Class B | 122,627 | 10,952 | ||||
1 | Sirius XM Holdings Inc. | 2,608,537 | 10,356 | |||
News Corp. Class B | 378,120 | 6,591 | ||||
1 | Paramount Global Class A | 93,029 | 2,404 | |||
3,737,009 | ||||||
Consumer Staples (8.2%) | ||||||
Corteva Inc. | 6,372,647 | 384,334 | ||||
Kroger Co. | 5,754,691 | 284,109 | ||||
AmerisourceBergen Corp. | 1,535,674 | 245,877 | ||||
Archer-Daniels-Midland Co. | 2,447,572 | 194,974 | ||||
Clorox Co. | 1,103,393 | 174,601 | ||||
Conagra Brands Inc. | 4,257,475 | 159,911 | ||||
Kellogg Co. | 2,290,054 | 153,342 | ||||
Tyson Foods Inc. Class A | 2,551,334 | 151,345 | ||||
J M Smucker Co. | 904,928 | 142,408 | ||||
Hormel Foods Corp. | 2,440,492 | 97,327 | ||||
Campbell Soup Co. | 1,738,741 | 95,596 | ||||
McCormick & Co. Inc. (Non-Voting) | 1,119,800 | 93,179 | ||||
Molson Coors Beverage Co. Class B | 804,203 | 41,561 | ||||
Albertsons Cos. Inc. Class A | 1,196,346 | 24,860 | ||||
2,243,424 | ||||||
Energy (2.9%) | ||||||
Baker Hughes Co. Class A | 9,032,743 | 260,685 | ||||
ONEOK Inc. | 3,992,438 | 253,679 | ||||
Williams Cos. Inc. | 5,441,447 | 162,482 | ||||
Halliburton Co. | 3,634,078 | 114,982 | ||||
791,828 | ||||||
Financials (17.5%) | ||||||
Arthur J Gallagher & Co. | 1,894,529 | 362,442 | ||||
Ameriprise Financial Inc. | 940,409 | 288,235 | ||||
Discover Financial Services | 2,339,760 | 231,262 | ||||
T. Rowe Price Group Inc. | 2,004,468 | 226,304 | ||||
Willis Towers Watson plc | 966,831 | 224,672 | ||||
State Street Corp. | 2,923,221 | 221,259 | ||||
* | Arch Capital Group Ltd. | 3,142,688 | 213,294 | |||
Hartford Financial Services Group Inc. | 2,814,632 | 196,152 | ||||
Nasdaq Inc. | 3,494,426 | 191,040 | ||||
M&T Bank Corp. | 1,498,820 | 179,214 | ||||
American International Group Inc. | 3,292,755 | 165,823 | ||||
Fifth Third Bancorp | 6,104,396 | 162,621 | ||||
Raymond James Financial Inc. | 1,731,280 | 161,477 | ||||
Principal Financial Group Inc. | 2,171,525 | 161,388 | ||||
Cincinnati Financial Corp. | 1,404,562 | 157,423 | ||||
Northern Trust Corp. | 1,772,666 | 156,225 | ||||
Regions Financial Corp. | 8,346,933 | 154,919 | ||||
Huntington Bancshares Inc. | 12,889,826 | 144,366 | ||||
Citizens Financial Group Inc. | 4,324,337 | 131,330 | ||||
Cboe Global Markets Inc. | 944,546 | 126,796 | ||||
Everest Re Group Ltd. | 349,843 | 125,251 | ||||
W R Berkley Corp. | 1,772,290 | 110,343 | ||||
KeyCorp | 8,323,678 | 104,212 | ||||
Loews Corp. | 1,784,259 | 103,523 | ||||
Annaly Capital Management Inc. | 4,409,351 | 84,263 |
Shares | Market Value ($000) | |||||
Equitable Holdings Inc. | 3,231,895 | 82,058 | ||||
Fidelity National Financial Inc. | 2,309,319 | 80,665 | ||||
* | Markel Corp. | 56,892 | 72,674 | |||
Franklin Resources Inc. | 2,681,704 | 72,245 | ||||
Globe Life Inc. | 387,945 | 42,682 | ||||
Ally Financial Inc. | 1,202,969 | 30,664 | ||||
First Republic Bank | 1,659,810 | 23,221 | ||||
*,1 | Rocket Cos. Inc. Class A | 1,033,320 | 9,362 | |||
Corebridge Financial Inc. | 576,059 | 9,228 | ||||
4,806,633 | ||||||
Health Care (8.2%) | ||||||
* | Centene Corp. | 4,924,198 | 311,259 | |||
Zimmer Biomet Holdings Inc. | 1,876,414 | 242,433 | ||||
Baxter International Inc. | 4,508,043 | 182,846 | ||||
Laboratory Corp. of America Holdings | 791,419 | 181,567 | ||||
* | Hologic Inc. | 2,202,358 | 177,730 | |||
Cardinal Health Inc. | 2,301,361 | 173,753 | ||||
PerkinElmer Inc. | 1,128,339 | 150,362 | ||||
Quest Diagnostics Inc. | 994,384 | 140,685 | ||||
* | GE HealthCare Technologies Inc. | 1,621,885 | 133,043 | |||
Royalty Pharma plc Class A | 3,364,823 | 121,235 | ||||
Teleflex Inc. | 419,335 | 106,222 | ||||
Viatris Inc. | 10,832,556 | 104,209 | ||||
* | Henry Schein Inc. | 1,172,680 | 95,620 | |||
STERIS plc | 443,437 | 84,821 | ||||
Universal Health Services Inc. Class B | 272,311 | 34,611 | ||||
2,240,396 | ||||||
Industrials (14.8%) | ||||||
PACCAR Inc. | 4,667,354 | 341,650 | ||||
Carrier Global Corp. | 7,451,458 | 340,904 | ||||
Rockwell Automation Inc. | 1,025,292 | 300,872 | ||||
* | Keysight Technologies Inc. | 1,588,214 | 256,465 | |||
Ferguson plc | 1,854,887 | 248,091 | ||||
United Rentals Inc. | 619,558 | 245,196 | ||||
Fortive Corp. | 3,152,271 | 214,890 | ||||
Ingersoll Rand Inc. | 3,617,305 | 210,455 | ||||
Dover Corp. | 1,247,998 | 189,621 | ||||
Expeditors International of Washington Inc. | 1,421,516 | 156,537 | ||||
Otis Worldwide Corp. | 1,852,894 | 156,384 | ||||
Westinghouse Air Brake Technologies Corp. | 1,530,455 | 154,668 | ||||
Jacobs Solutions Inc. | 1,131,889 | 133,008 | ||||
Textron Inc. | 1,833,093 | 129,472 | ||||
Global Payments Inc. | 1,175,344 | 123,693 | ||||
Snap-on Inc. | 474,443 | 117,135 | ||||
Synchrony Financial | 3,903,898 | 113,526 | ||||
Packaging Corp. of America | 801,198 | 111,230 | ||||
Stanley Black & Decker Inc. | 1,321,521 | 106,488 | ||||
CH Robinson Worldwide Inc. | 1,040,762 | 103,421 | ||||
Crown Holdings Inc. | 1,071,444 | 88,619 | ||||
Ball Corp. | 1,404,327 | 77,393 | ||||
Westrock Co. | 2,274,794 | 69,313 | ||||
Hubbell Inc. Class B | 239,386 | 58,245 | ||||
4,047,276 | ||||||
Real Estate (10.4%) | ||||||
VICI Properties Inc. Class A | 8,965,317 | 292,449 | ||||
Digital Realty Trust Inc. | 2,600,701 | 255,675 | ||||
AvalonBay Communities Inc. | 1,249,633 | 210,013 |
Shares | Market Value ($000) | |||||
Weyerhaeuser Co. | 6,541,707 | 197,102 | ||||
* | CBRE Group Inc. Class A | 2,681,168 | 195,216 | |||
Alexandria Real Estate Equities Inc. | 1,546,114 | 194,176 | ||||
Equity Residential | 3,212,777 | 192,767 | ||||
Simon Property Group Inc. | 1,460,112 | 163,489 | ||||
Mid-America Apartment Communities Inc. | 1,041,518 | 157,311 | ||||
Ventas Inc. | 3,572,938 | 154,887 | ||||
WP Carey Inc. | 1,881,353 | 145,711 | ||||
Iron Mountain Inc. | 2,598,431 | 137,483 | ||||
UDR Inc. | 2,940,293 | 120,728 | ||||
Essex Property Trust Inc. | 576,314 | 120,530 | ||||
Healthpeak Properties Inc. | 4,884,161 | 107,305 | ||||
Boston Properties Inc. | 1,260,250 | 68,205 | ||||
Host Hotels & Resorts Inc. | 3,186,574 | 52,546 | ||||
Camden Property Trust | 476,563 | 49,963 | ||||
Regency Centers Corp. | 765,206 | 46,815 | ||||
2,862,371 | ||||||
Technology (5.0%) | ||||||
Corning Inc. | 6,805,802 | 240,109 | ||||
CDW Corp. | 1,209,391 | 235,698 | ||||
Hewlett Packard Enterprise Co. | 11,583,899 | 184,531 | ||||
NetApp Inc. | 1,925,622 | 122,951 | ||||
Seagate Technology Holdings plc | 1,752,218 | 115,857 | ||||
SS&C Technologies Holdings Inc. | 1,912,713 | 108,011 | ||||
* | Western Digital Corp. | 2,852,392 | 107,449 | |||
* | Qorvo Inc. | 892,260 | 90,627 | |||
Gen Digital Inc. | 4,852,836 | 83,275 | ||||
Leidos Holdings Inc. | 611,619 | 56,306 | ||||
* | F5 Inc. | 268,509 | 39,119 | |||
1,383,933 | ||||||
Telecommunications (0.2%) | ||||||
Juniper Networks Inc. | 1,446,992 | 49,806 | ||||
* | DISH Network Corp. Class A | 1,110,016 | 10,356 | |||
60,162 | ||||||
Utilities (13.6%) | ||||||
* | PG&E Corp. | 19,826,557 | 320,595 | |||
Consolidated Edison Inc. | 3,171,430 | 303,411 | ||||
WEC Energy Group Inc. | 2,817,617 | 267,082 | ||||
American Water Works Co. Inc. | 1,722,724 | 252,362 | ||||
Eversource Energy | 3,112,852 | 243,612 | ||||
Edison International | 3,417,304 | 241,228 | ||||
Constellation Energy Corp. | 2,917,937 | 229,058 | ||||
Entergy Corp. | 1,886,350 | 203,235 | ||||
Ameren Corp. | 2,307,908 | 199,380 | ||||
FirstEnergy Corp. | 4,856,026 | 194,532 | ||||
PPL Corp. | 6,580,378 | 182,869 | ||||
CenterPoint Energy Inc. | 5,622,440 | 165,637 | ||||
DTE Energy Co. | 1,471,034 | 161,137 | ||||
CMS Energy Corp. | 2,601,745 | 159,695 | ||||
AES Corp. | 5,966,424 | 143,672 | ||||
Evergy Inc. | 2,049,845 | 125,287 | ||||
Alliant Energy Corp. | 2,242,273 | 119,737 | ||||
NiSource Inc. | 3,684,870 | 103,029 | ||||
Vistra Corp. | 3,554,719 | 85,313 |
Shares | Market Value ($000) | |||||
Avangrid Inc. | 690,717 | 27,546 | ||||
3,728,417 | ||||||
Total Common Stocks (Cost $22,498,507) | 27,406,152 | |||||
Coupon | ||||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
2,3 | Vanguard Market Liquidity Fund (Cost $173,698) | 4.839% | 1,737,366 | 173,719 | ||
Total Investments (100.5%) (Cost $22,672,205) | 27,579,871 | |||||
Other Assets and Liabilities—Net (-0.5%) | (146,317) | |||||
Net Assets (100%) | 27,433,554 |
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 $168,937,000. |
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 $173,685,000 was received for securities on loan. |
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 | 47 | 9,724 | 427 |
E-mini S&P Mid-Cap 400 Index | June 2023 | 70 | 17,708 | 653 |
1,080 |