NPORT-EX 2 vg_smallcapgrowthindex.htm
Vanguard® Small-Cap Growth Index Fund
Schedule of Investments (unaudited)
As of September 30, 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 (99.9%)
Basic Materials (1.9%)
  Royal Gold Inc.    945,030    100,485
* RBC Bearings Inc.    418,010     97,869
  Hexcel Corp.  1,215,156     79,155
  Balchem Corp.    463,815     57,532
* Livent Corp.  2,585,501     47,599
  NewMarket Corp.    103,461     47,079
* MP Materials Corp.  2,044,475     39,050
  Quaker Chemical Corp.    194,189     31,070
* Ingevity Corp.    469,028     22,330
  Hecla Mining Co.  4,218,638     16,495
  Compass Minerals International Inc.    295,992      8,273
* Century Aluminum Co.    731,037      5,256
            552,193
Consumer Discretionary (15.7%)
* Deckers Outdoor Corp. 375,986 193,291
* Liberty Media Corp.-Liberty Formula One Class C 2,844,685 177,224
* DraftKings Inc. Class A 5,673,735 167,035
  RB Global Inc. 2,619,550 163,722
* Floor & Decor Holdings Inc. Class A 1,454,768 131,656
* Five Below Inc. 800,810 128,850
  Wynn Resorts Ltd. 1,393,053 128,732
  Vail Resorts Inc. 554,568 123,053
  Churchill Downs Inc. 969,390 112,488
  Gentex Corp. 3,358,302 109,279
* SiteOne Landscape Supply Inc. 648,235 105,954
  Tempur Sealy International Inc. 2,352,888 101,974
  Pool Corp. 266,865 95,031
* Skechers USA Inc. Class A 1,933,087 94,625
  Texas Roadhouse Inc. Class A 960,278 92,283
  Wyndham Hotels & Resorts Inc. 1,212,163 84,294
* elf Beauty Inc. 744,275 81,744
* Duolingo Inc. Class A 483,473 80,194
  Wingstop Inc. 431,270 77,560
* Wayfair Inc. Class A 1,233,601 74,719
* Crocs Inc. 842,506 74,334
* Ollie's Bargain Outlet Holdings Inc. 889,063 68,618
* Caesars Entertainment Inc. 1,471,215 68,191
* Bright Horizons Family Solutions Inc. 832,649 67,828
  Hyatt Hotels Corp. Class A 627,566 66,572
  Boyd Gaming Corp. 1,079,102 65,642
  TKO Group Holdings Inc. 748,976 62,959

          Shares Market
Value
($000)
* Fox Factory Holding Corp.    609,525     60,392
* YETI Holdings Inc.  1,247,845     60,171
* Planet Fitness Inc. Class A  1,216,532     59,829
*,1 Carvana Co. Class A  1,379,513     57,912
* Etsy Inc.    884,593     57,127
* Visteon Corp.    405,686     56,013
* RH    211,709     55,967
1 Choice Hotels International Inc.    434,846     53,273
* Grand Canyon Education Inc.    435,558     50,908
* Skyline Champion Corp.    780,861     49,756
* Hilton Grand Vacations Inc.  1,108,248     45,106
  Madison Square Garden Sports Corp.    250,711     44,200
  LCI Industries    346,107     40,640
  Columbia Sportswear Co.    485,276     35,959
* Frontdoor Inc. 1,155,783 35,355
  Inter Parfums Inc. 253,013 33,990
  Papa John's International Inc. 470,956 32,129
* Shake Shack Inc. Class A 539,343 31,320
*,1 QuantumScape Corp. Class A 4,532,369 30,321
* ACV Auctions Inc. Class A 1,943,485 29,502
* Dorman Products Inc. 385,042 29,171
* LGI Homes Inc. 287,933 28,646
* Coursera Inc. 1,507,509 28,175
* Topgolf Callaway Brands Corp. 2,001,199 27,697
* Gentherm Inc. 474,614 25,752
* Sabre Corp. 5,467,333 24,548
* Six Flags Entertainment Corp. 1,021,322 24,011
* Sonos Inc. 1,845,187 23,821
* SeaWorld Entertainment Inc. 506,165 23,410
* Peloton Interactive Inc. Class A 4,633,007 23,397
* TripAdvisor Inc. 1,350,697 22,395
  Jack in the Box Inc. 289,266 19,977
* Liberty Media Corp.-Liberty Formula One Class A 344,850 19,498
* Madison Square Garden Entertainment Corp. Class A 581,902 19,150
* Dave & Buster's Entertainment Inc. 493,987 18,312
* Boot Barn Holdings Inc. 215,741 17,516
  Allegiant Travel Co. 225,577 17,338
*,1 Dutch Bros Inc. Class A 740,776 17,223
  Steven Madden Ltd. 514,658 16,351
*,1 Luminar Technologies Inc. Class A 3,586,436 16,318
* Cavco Industries Inc. 59,298 15,753
* iRobot Corp. 378,515 14,346
*,1 Fisker Inc. Class A 2,233,112 14,337
* Sweetgreen Inc. Class A 1,207,374 14,187
* Leslie's Inc. 2,382,413 13,484
* Integral Ad Science Holding Corp. 1,126,805 13,398
* Stride Inc. 293,780 13,229
  Spirit Airlines Inc. 785,170 12,955
  Camping World Holdings Inc. Class A 576,782 11,772
* Figs Inc. Class A 1,849,719 10,913
* Life Time Group Holdings Inc. 705,336 10,728
* Driven Brands Holdings Inc. 843,564 10,620
* Portillo's Inc. Class A 673,827 10,370
* Overstock.com Inc. 650,316 10,288
  Levi Strauss & Co. Class A 645,045 8,760
* Corsair Gaming Inc. 591,478 8,594
* Sun Country Airlines Holdings Inc. 564,055 8,371
* Revolve Group Inc. Class A 588,166 8,005

          Shares Market
Value
($000)
* Cars.com Inc.    454,312      7,660
*,1 Cava Group Inc.    245,009      7,505
* Sphere Entertainment Co.    200,115      7,436
* Mister Car Wash Inc.  1,348,777      7,432
* Chegg Inc.    788,323      7,032
* Sciplay Corp. Class A    305,318      6,952
*,1 Dream Finders Homes Inc. Class A    307,490      6,835
*,1 Savers Value Village Inc.    361,046      6,741
*,1 Bowlero Corp. Class A    648,377      6,237
* Udemy Inc.    649,076      6,166
* Vizio Holding Corp. Class A    950,714      5,143
* Arhaus Inc. Class A    458,930      4,268
*,1 SES AI Corp.  1,768,885      4,015
* Rush Street Interactive Inc.    845,181      3,905
* BJ's Restaurants Inc. 161,098 3,779
* Frontier Group Holdings Inc. 634,832 3,073
* Angi Inc. Class A 1,030,304 2,040
* Liberty Media Corp.-Liberty Live Class C 1
            4,466,757
Consumer Staples (3.5%)
  Casey's General Stores Inc. 536,587 145,694
* Celsius Holdings Inc. 718,992 123,379
* Darling Ingredients Inc. 2,294,514 119,774
  Lamb Weston Holdings Inc. 1,047,799 96,879
* BellRing Brands Inc. 1,891,021 77,967
* Boston Beer Co. Inc. Class A 131,651 51,282
* Simply Good Foods Co. 1,360,571 46,967
  Lancaster Colony Corp. 277,176 45,742
* Freshpet Inc. 693,367 45,679
  Coca-Cola Consolidated Inc. 66,219 42,136
  WD-40 Co. 195,125 39,657
* Post Holdings Inc. 352,264 30,203
  Cal-Maine Foods Inc. 572,333 27,712
  J & J Snack Foods Corp. 166,501 27,248
* National Beverage Corp. 335,762 15,788
* Sovos Brands Inc. 655,910 14,791
  Utz Brands Inc. 933,842 12,542
*,1 Beyond Meat Inc. 879,960 8,465
* Beauty Health Co. 1,242,618 7,481
  Tootsie Roll Industries Inc. 203,852 6,087
  Medifast Inc. 78,354 5,865
* Olaplex Holdings Inc. 1,412,894 2,755
            994,093
Energy (7.5%)
  Targa Resources Corp. 3,218,510 275,891
  TechnipFMC plc 5,985,331 121,742
  EQT Corp. 2,958,208 120,044
  NOV Inc. 5,665,099 118,401
  Civitas Resources Inc. 1,348,859 109,082
  ChampionX Corp. 2,828,174 100,740
* Weatherford International plc 1,036,905 93,664
  Matador Resources Co. 1,542,778 91,764
* Transocean Ltd. 9,926,569 81,497
  Texas Pacific Land Corp. 44,182 80,569
  Noble Corp. plc 1,577,741 79,913
* Denbury Inc. 695,712 68,187
*,1 Plug Power Inc. 8,658,961 65,808

          Shares Market
Value
($000)
  Magnolia Oil & Gas Corp. Class A  2,568,308     58,840
  Cactus Inc. Class A    929,524     46,671
* Array Technologies Inc.  2,064,693     45,816
* Shoals Technologies Group Inc. Class A  2,444,840     44,618
  New Fortress Energy Inc.  1,327,236     43,507
  Alpha Metallurgical Resources Inc.    167,379     43,473
  Liberty Energy Inc. Class A  2,206,286     40,860
* Oceaneering International Inc.  1,449,901     37,291
* Callon Petroleum Co.    882,529     34,525
  SM Energy Co.    853,645     33,847
1 Sitio Royalties Corp. Class A  1,174,930     28,445
  Helmerich & Payne Inc.    643,692     27,138
* NEXTracker Inc. Class A    668,829     26,860
* Tidewater Inc.    340,861     24,225
  Northern Oil & Gas Inc. 568,656 22,877
*,1 ChargePoint Holdings Inc. 4,574,487 22,735
* Ameresco Inc. Class A 467,424 18,024
  Comstock Resources Inc. 1,402,308 15,468
* Dril-Quip Inc. 491,672 13,850
*,1 Fluence Energy Inc. Class A 596,727 13,719
  RPC Inc. 1,401,084 12,526
* Helix Energy Solutions Group Inc. 1,030,656 11,512
*,1 Stem Inc. 2,129,384 9,029
1 Kinetik Holdings Inc. Class A 261,742 8,834
*,1 FuelCell Energy Inc. 6,475,876 8,289
  Core Laboratories Inc. 335,794 8,062
*,1 SunPower Corp. 1,260,189 7,775
1 HighPeak Energy Inc. 368,856 6,226
1 Atlas Energy Solutions Inc. Class A 250,668 5,572
*,1 EVgo Inc. Class A 1,413,052 4,776
*,1 Tellurian Inc. 3,940,140 4,571
  Enviva Inc. 428,247 3,199
* OPAL Fuels Inc. Class A 258,080 2,116
            2,142,578
Financials (4.4%)
  Kinsale Capital Group Inc. 316,563 131,098
  Erie Indemnity Co. Class A 365,474 107,373
* SoFi Technologies Inc. 11,618,487 92,832
* Robinhood Markets Inc. Class A 9,025,279 88,538
  Morningstar Inc. 368,182 86,243
  Blue Owl Capital Inc. Class A 6,539,503 84,752
  Houlihan Lokey Inc. Class A 739,799 79,247
* Ryan Specialty Holdings Inc. Class A 1,424,015 68,922
  MarketAxess Holdings Inc. 270,941 57,884
  Hamilton Lane Inc. Class A 471,887 42,677
*,1 Credit Acceptance Corp. 92,232 42,438
  Pinnacle Financial Partners Inc. 524,543 35,165
*,1 Upstart Holdings Inc. 1,025,820 29,277
  PJT Partners Inc. Class A 313,256 24,885
* Clearwater Analytics Holdings Inc. Class A 1,266,102 24,486
*,1 Riot Platforms Inc. 2,528,423 23,590
  Cohen & Steers Inc. 353,408 22,155
* Goosehead Insurance Inc. Class A 292,247 21,781
* BRP Group Inc. Class A 917,359 21,310
*,1 Marathon Digital Holdings Inc. 2,381,714 20,245
  ServisFirst Bancshares Inc. 352,326 18,381
*,1 Trupanion Inc. 535,680 15,106
  Safehold Inc. 766,789 13,649

          Shares Market
Value
($000)
  StepStone Group Inc. Class A    384,195     12,133
* Oscar Health Inc. Class A  2,149,723     11,974
* Triumph Financial Inc.    159,062     10,306
* Open Lending Corp.  1,389,183     10,169
  TFS Financial Corp.    806,430      9,532
* Palomar Holdings Inc.    169,075      8,581
*,1 Lemonade Inc.    701,856      8,156
  P10 Inc. Class A    630,625      7,347
  Live Oak Bancshares Inc.    239,349      6,929
* AssetMark Financial Holdings Inc.    160,061      4,014
* Hagerty Inc. Class A    303,859      2,482
*,1 Net Power Inc.     96,864      1,463
            1,245,120
Health Care (17.2%)
* Exact Sciences Corp. 2,599,140 177,313
* Neurocrine Biosciences Inc. 1,404,861 158,047
  Bio-Techne Corp. 2,275,542 154,896
* Sarepta Therapeutics Inc. 1,274,851 154,537
* Penumbra Inc. 525,321 127,080
* Repligen Corp. 762,027 121,170
  Chemed Corp. 216,903 112,724
* Shockwave Medical Inc. 528,710 105,266
* Exelixis Inc. 4,580,331 100,080
* HealthEquity Inc. 1,229,628 89,824
* Ionis Pharmaceuticals Inc. 1,958,809 88,852
  Bruker Corp. 1,373,222 85,552
* Globus Medical Inc. Class A 1,688,272 83,823
* Inspire Medical Systems Inc. 422,038 83,749
* Option Care Health Inc. 2,587,759 83,714
* Medpace Holdings Inc. 329,763 79,846
* agilon health Inc. 4,375,121 77,702
* Halozyme Therapeutics Inc. 1,897,844 72,498
* Charles River Laboratories International Inc. 368,796 72,277
  Ensign Group Inc. 768,110 71,380
* Natera Inc. 1,566,268 69,307
* Lantheus Holdings Inc. 984,476 68,401
* Alkermes plc 2,396,155 67,116
* Haemonetics Corp. 729,566 65,355
* Intra-Cellular Therapies Inc. 1,244,175 64,809
* Masimo Corp. 721,874 63,294
* Vaxcyte Inc. 1,215,102 61,946
* Merit Medical Systems Inc. 829,174 57,230
* ImmunoGen Inc. 3,580,869 56,828
* 10X Genomics Inc. Class A 1,338,282 55,204
* Apellis Pharmaceuticals Inc. 1,439,742 54,768
* Insmed Inc. 2,118,038 53,480
* QuidelOrtho Corp. 720,655 52,637
* Neogen Corp. 2,800,757 51,926
* Amicus Therapeutics Inc. 4,130,557 50,228
* Glaukos Corp. 664,900 50,034
* Guardant Health Inc. 1,608,507 47,676
  CONMED Corp. 442,239 44,600
* Blueprint Medicines Corp. 872,736 43,829
* Inari Medical Inc. 660,079 43,169
* Evolent Health Inc. Class A 1,547,816 42,147
* Teladoc Health Inc. 2,254,586 41,913
* R1 RCM Inc. 2,712,338 40,875
* Axonics Inc. 725,952 40,740

          Shares Market
Value
($000)
* Cytokinetics Inc.  1,377,420     40,579
* Progyny Inc.  1,166,672     39,690
* iRhythm Technologies Inc.    417,910     39,392
* Arrowhead Pharmaceuticals Inc.  1,465,009     39,365
* ICU Medical Inc.    329,870     39,258
* REVOLUTION Medicines Inc.  1,413,490     39,125
* Mirati Therapeutics Inc.    880,562     38,357
* Intellia Therapeutics Inc.  1,209,404     38,241
*,1 Ginkgo Bioworks Holdings Inc. Class A 20,729,361     37,520
* ACADIA Pharmaceuticals Inc.  1,766,600     36,816
* Ultragenyx Pharmaceutical Inc.    977,014     34,831
* Doximity Inc. Class A  1,623,097     34,442
* Privia Health Group Inc.  1,435,219     33,010
* Corcept Therapeutics Inc.  1,180,221     32,155
* Denali Therapeutics Inc. 1,482,745 30,589
* Omnicell Inc. 650,441 29,296
* Surgery Partners Inc. 1,000,960 29,278
* AtriCure Inc. 647,142 28,345
* STAAR Surgical Co. 697,750 28,036
* CorVel Corp. 135,418 26,630
* Certara Inc. 1,724,116 25,069
* Beam Therapeutics Inc. 1,025,448 24,662
* PTC Therapeutics Inc. 1,083,917 24,291
* Veracyte Inc. 1,046,629 23,371
* NeoGenomics Inc. 1,835,052 22,571
* Novocure Ltd. 1,353,825 21,864
* Sotera Health Co. 1,423,011 21,317
*,1 PROCEPT BioRobotics Corp. 607,765 19,941
* Cerevel Therapeutics Holdings Inc. 906,218 19,783
* Pacira BioSciences Inc. 634,370 19,462
* Tandem Diabetes Care Inc. 936,239 19,446
* Apollo Medical Holdings Inc. 621,100 19,161
* Axsome Therapeutics Inc. 271,477 18,974
* Ironwood Pharmaceuticals Inc. Class A 1,907,736 18,372
*,1 Recursion Pharmaceuticals Inc. Class A 2,348,070 17,963
* Xencor Inc. 871,950 17,570
*,1 SpringWorks Therapeutics Inc. 720,107 16,649
* TG Therapeutics Inc. 1,954,821 16,342
* Twist Bioscience Corp. 784,437 15,893
* Warby Parker Inc. Class A 1,190,984 15,673
* Harmony Biosciences Holdings Inc. 474,749 15,558
* Zentalis Pharmaceuticals Inc. 761,822 15,282
* Maravai LifeSciences Holdings Inc. Class A 1,518,305 15,183
* Sage Therapeutics Inc. 732,262 15,070
* Amylyx Pharmaceuticals Inc. 775,457 14,199
* Relay Therapeutics Inc. 1,669,170 14,038
* Vir Biotechnology Inc. 1,448,510 13,573
* Arvinas Inc. 654,042 12,845
* Hims & Hers Health Inc. 2,040,814 12,837
* EQRx Inc. 5,258,939 11,675
* Supernus Pharmaceuticals Inc. 373,057 10,285
* Adaptive Biotechnologies Corp. 1,872,797 10,207
* Agios Pharmaceuticals Inc. 400,891 9,922
* AdaptHealth Corp. Class A 1,076,952 9,800
*,1 BioCryst Pharmaceuticals Inc. 1,362,909 9,649
* Nevro Corp. 493,661 9,488
* Alignment Healthcare Inc. 1,355,267 9,406
* REGENXBIO Inc. 569,135 9,368

          Shares Market
Value
($000)
*,1 Novavax Inc.  1,290,227      9,341
* Editas Medicine Inc.  1,174,347      9,160
* Verve Therapeutics Inc.    687,500      9,116
* Rocket Pharmaceuticals Inc.    434,411      8,901
* Kymera Therapeutics Inc.    597,856      8,310
* Treace Medical Concepts Inc.    619,788      8,125
* Cytek Biosciences Inc.  1,471,240      8,121
* Silk Road Medical Inc.    530,734      7,956
* Health Catalyst Inc.    778,702      7,880
* Outset Medical Inc.    716,318      7,794
  HealthStream Inc.    353,441      7,627
* LifeStance Health Group Inc.  1,087,684      7,472
* Phreesia Inc.    366,773      6,851
* Arcus Biosciences Inc.    348,334      6,253
* GoodRx Holdings Inc. Class A 1,089,253 6,132
*,1 Prime Medicine Inc. 629,862 6,009
*,1 Sana Biotechnology Inc. 1,416,615 5,482
* Clover Health Investments Corp. Class A 4,854,958 5,243
* Accolade Inc. 489,656 5,181
* ACELYRIN Inc. 489,423 4,977
*,1 Theravance Biopharma Inc. 531,776 4,589
* Allogene Therapeutics Inc. 1,446,691 4,586
* AnaptysBio Inc. 248,185 4,457
* OPKO Health Inc. 2,780,503 4,449
*,1 Lyell Immunopharma Inc. 2,527,843 3,716
*,1 ImmunityBio Inc. 1,968,972 3,328
* Agiliti Inc. 485,765 3,153
* Alector Inc. 452,359 2,931
* CareDx Inc. 370,141 2,591
* American Well Corp. Class A 1,631,144 1,908
* Innovage Holding Corp. 290,891 1,742
* Fate Therapeutics Inc. 602,668 1,278
*,1 Butterfly Network Inc. 972,574 1,148
*,1 ProKidney Corp. Class A 243,667 1,116
* Erasca Inc. 543,294 1,070
* FibroGen Inc. 671,049 579
*,1 P3 Health Partners Inc. 371,612 546
* Cano Health Inc. 1,643,299 417
*,1 Neumora Therapeutics Inc. 3,598 51
*,2 OmniAb Inc. 12.5 Earnout 45,320
*,2 OmniAb Inc. 15 Earnout 45,320
            4,889,142
Industrials (19.0%)
* Axon Enterprise Inc. 1,021,756 203,319
  Graco Inc. 2,431,152 177,182
  Lennox International Inc. 459,832 172,180
  Watsco Inc. 442,487 167,136
  Nordson Corp. 738,203 164,745
* Saia Inc. 381,753 152,186
* Fair Isaac Corp. 169,918 147,579
  Toro Co. 1,494,822 124,220
  Advanced Drainage Systems Inc. 1,075,499 122,424
  A O Smith Corp. 1,792,407 118,532
* WEX Inc. 617,961 116,232
* TopBuild Corp. 456,879 114,951
* WillScot Mobile Mini Holdings Corp. 2,696,638 112,153
* Paylocity Holding Corp. 603,385 109,635
  Curtiss-Wright Corp. 551,077 107,807

          Shares Market
Value
($000)
  Cognex Corp.  2,478,698    105,196
* Chart Industries Inc.    614,865    103,986
* GXO Logistics Inc.  1,711,091    100,356
  BWX Technologies Inc.  1,315,866     98,664
* Generac Holdings Inc.    895,453     97,569
* Trex Co. Inc.  1,561,852     96,257
  Genpact Ltd.  2,608,502     94,428
  Simpson Manufacturing Co. Inc.    613,913     91,970
  Landstar System Inc.    517,148     91,504
  Littelfuse Inc.    358,099     88,565
  Eagle Materials Inc.    509,741     84,882
  Jack Henry & Associates Inc.    524,642     79,294
* ATI Inc.  1,849,878     76,122
  Lincoln Electric Holdings Inc.    412,841     75,050
  Maximus Inc. 874,450 65,304
* ExlService Holdings Inc. 2,264,939 63,509
  Exponent Inc. 731,530 62,619
*,1 Affirm Holdings Inc. Class A 2,900,977 61,704
* AZEK Co. Inc. Class A 2,041,311 60,709
  Badger Meter Inc. 421,776 60,681
  AAON Inc. 997,948 56,753
* Euronet Worldwide Inc. 678,709 53,876
  Woodward Inc. 431,852 53,662
  Federal Signal Corp. 877,359 52,405
* Flywire Corp. 1,611,540 51,392
  Insperity Inc. 521,285 50,877
  Franklin Electric Co. Inc. 565,679 50,476
*,1 TriNet Group Inc. 424,905 49,493
  John Bean Technologies Corp. 458,023 48,157
* AMN Healthcare Services Inc. 546,527 46,553
  Armstrong World Industries Inc. 643,350 46,321
  Herc Holdings Inc. 386,628 45,986
* Middleby Corp. 357,564 45,768
* Shift4 Payments Inc. Class A 812,373 44,981
  Comfort Systems USA Inc. 257,299 43,846
  Installed Building Products Inc. 347,419 43,389
* Verra Mobility Corp. Class A 2,318,754 43,361
  FTAI Aviation Ltd. 1,218,719 43,325
* Core & Main Inc. Class A 1,492,728 43,065
* Remitly Global Inc. 1,694,439 42,734
* AeroVironment Inc. 378,240 42,185
* Marqeta Inc. Class A 6,847,019 40,945
* Itron Inc. 654,012 39,620
*,1 Bloom Energy Corp. Class A 2,862,128 37,952
* ACI Worldwide Inc. 1,562,326 35,246
* MasTec Inc. 453,804 32,660
* Masonite International Corp. 316,544 29,508
* Mercury Systems Inc. 795,286 29,497
  Mueller Water Products Inc. Class A 2,251,152 28,545
* Kratos Defense & Security Solutions Inc. 1,842,318 27,672
  Helios Technologies Inc. 475,234 26,366
* Hayward Holdings Inc. 1,839,689 25,940
  Forward Air Corp. 369,665 25,411
*,1 Enovix Corp. 1,842,885 23,128
* Payoneer Global Inc. 3,616,375 22,132
  Tennant Co. 267,328 19,822
* Vicor Corp. 327,431 19,282
* Legalzoom.com Inc. 1,749,371 19,138

          Shares Market
Value
($000)
  Lindsay Corp.    158,370     18,637
* Dycom Industries Inc.    200,447     17,840
* Cimpress plc    227,560     15,931
* Gibraltar Industries Inc.    218,840     14,774
* Janus International Group Inc.  1,267,359     13,561
* Leonardo DRS Inc.    753,854     12,589
  Enerpac Tool Group Corp. Class A    403,517     10,665
*,1 PureCycle Technologies Inc.  1,887,408     10,588
*,1 Nikola Corp.  5,543,353      8,703
*,1 Virgin Galactic Holdings Inc.  4,489,233      8,081
* Sterling Check Corp.    485,020      6,121
*,1 Symbotic Inc. Class A    174,494      5,833
  Gorman-Rupp Co.    160,108      5,268
* ZipRecruiter Inc. Class A    422,790      5,069
*,1 Desktop Metal Inc. Class A 3,253,554 4,750
* CryoPort Inc. 335,829 4,604
* Paymentus Holdings Inc. Class A 232,099 3,853
* TaskUS Inc. Class A 313,727 3,257
* Microvast Holdings Inc. 554,975 1,049
*,2 GCI Liberty Inc. 14,907
            5,421,292
Real Estate (5.3%)
  Equity LifeStyle Properties Inc. 2,411,867 153,660
  American Homes 4 Rent Class A 4,419,005 148,876
  Rexford Industrial Realty Inc. 2,729,619 134,707
  CubeSmart 3,234,216 123,321
  Americold Realty Trust Inc. 3,888,025 118,235
  Healthcare Realty Trust Inc. Class A 5,479,145 83,666
  Host Hotels & Resorts Inc. 5,118,782 82,259
  Terreno Realty Corp. 1,207,192 68,568
  Spirit Realty Capital Inc. 2,033,246 68,175
  Ryman Hospitality Properties Inc. 815,799 67,940
  Kite Realty Group Trust 3,156,021 67,602
  Lamar Advertising Co. Class A 629,699 52,561
  Essential Properties Realty Trust Inc. 2,244,385 48,546
  Independence Realty Trust Inc. 3,232,767 45,485
  National Storage Affiliates Trust 1,155,419 36,673
  Innovative Industrial Properties Inc. 403,399 30,521
  St. Joe Co. 545,851 29,656
  Phillips Edison & Co. Inc. 844,497 28,324
  Kilroy Realty Corp. 842,886 26,644
  RLJ Lodging Trust 2,152,271 21,071
* Opendoor Technologies Inc. 7,586,804 20,029
1 eXp World Holdings Inc. 1,104,845 17,943
  Paramount Group Inc. 2,657,223 12,276
* Redfin Corp. 1,557,716 10,966
  Universal Health Realty Income Trust 178,945 7,235
  Marcus & Millichap Inc. 165,999 4,870
  Alexander's Inc. 16,522 3,011
            1,512,820
Technology (22.2%)
* PTC Inc. 1,702,710 241,240
  Entegris Inc. 2,159,533 202,802
  Vertiv Holdings Co. Class A 4,927,022 183,285
* Super Micro Computer Inc. 641,758 175,983
* Manhattan Associates Inc. 887,218 175,367
* Lattice Semiconductor Corp. 1,983,002 170,399

          Shares Market
Value
($000)
* Dynatrace Inc.  3,375,510    157,738
* Pure Storage Inc. Class A  4,203,106    149,715
* Ceridian HCM Holding Inc.  2,126,790    144,303
* Nutanix Inc. Class A  3,391,766    118,305
  National Instruments Corp.  1,910,465    113,902
* AppLovin Corp. Class A  2,785,782    111,320
* Guidewire Software Inc.  1,171,723    105,455
  Universal Display Corp.    647,094    101,587
* Dropbox Inc. Class A  3,647,138     99,312
* Onto Innovation Inc.    705,888     90,015
* SPS Commerce Inc.    527,292     89,961
* UiPath Inc. Class A  5,165,157     88,376
* Elastic NV  1,080,899     87,812
* Rambus Inc.  1,569,783     87,578
* Fabrinet 520,659 86,752
* Aspen Technology Inc. 416,810 85,138
* Procore Technologies Inc. 1,229,032 80,280
* Axcelis Technologies Inc. 472,135 76,982
* Confluent Inc. Class A 2,591,341 76,730
* Qualys Inc. 501,763 76,544
* Tenable Holdings Inc. 1,663,659 74,532
* Novanta Inc. 515,155 73,894
* Smartsheet Inc. Class A 1,826,071 73,883
* Coherent Corp. 2,163,642 70,621
* New Relic Inc. 808,249 69,202
* Workiva Inc. Class A 680,885 69,001
  Dolby Laboratories Inc. Class A 856,807 67,910
* Five9 Inc. 1,038,888 66,800
* Wolfspeed Inc. 1,701,901 64,842
  Power Integrations Inc. 825,706 63,010
* MACOM Technology Solutions Holdings Inc. 765,946 62,486
  Advanced Energy Industries Inc. 541,664 55,856
* SentinelOne Inc. Class A 3,259,574 54,956
* Gitlab Inc. Class A 1,178,839 53,307
* Toast Inc. Class A 2,807,460 52,584
* Freshworks Inc. Class A 2,618,998 52,170
* Samsara Inc. Class A 2,057,313 51,865
* Silicon Laboratories Inc. 435,498 50,470
* Diodes Inc. 627,858 49,500
* Appfolio Inc. Class A 270,941 49,482
* Altair Engineering Inc. Class A 777,935 48,668
*,1 MicroStrategy Inc. Class A 148,221 48,658
* Box Inc. Class A 1,979,424 47,922
* DoubleVerify Holdings Inc. 1,685,871 47,120
* Varonis Systems Inc. Class B 1,498,612 45,768
* BlackLine Inc. 789,576 43,798
* CommVault Systems Inc. 631,218 42,677
* ZoomInfo Technologies Inc. Class A 2,598,249 42,611
* Alarm.com Holdings Inc. 682,086 41,703
* IPG Photonics Corp. 408,868 41,516
* Yelp Inc. Class A 939,086 39,057
* FormFactor Inc. 1,117,200 39,035
* Rapid7 Inc. 833,242 38,146
*,1 C3.ai Inc. Class A 1,482,007 37,821
* Rogers Corp. 267,813 35,209
*,1 IonQ Inc. 2,331,712 34,696
* RingCentral Inc. Class A 1,158,450 34,325
* Sprout Social Inc. Class A 662,084 33,025

          Shares Market
Value
($000)
* Alteryx Inc. Class A    863,284     32,537
* Braze Inc. Class A    688,884     32,191
* Fastly Inc. Class A  1,672,862     32,069
* Envestnet Inc.    706,114     31,090
* Allegro MicroSystems Inc.    968,688     30,940
* nCino Inc.    968,982     30,814
* HashiCorp Inc. Class A  1,300,267     29,685
* Perficient Inc.    500,868     28,980
* Ambarella Inc.    541,257     28,703
* JFrog Ltd.  1,119,873     28,400
* SiTime Corp.    239,647     27,380
* Appian Corp. Class A    598,768     27,310
* Blackbaud Inc.    387,403     27,242
* PagerDuty Inc.  1,193,890     26,851
* LiveRamp Holdings Inc. 904,665 26,090
  Pegasystems Inc. 598,841 25,996
* Q2 Holdings Inc. 798,826 25,778
* Schrodinger Inc. 902,295 25,508
* Credo Technology Group Holding Ltd. 1,618,338 24,680
* Semtech Corp. 920,109 23,693
* Cargurus Inc. Class A 1,332,503 23,345
* MaxLinear Inc. Class A 1,048,981 23,340
  Clear Secure Inc. Class A 1,216,170 23,156
* Squarespace Inc. Class A 753,205 21,820
* Veeco Instruments Inc. 770,055 21,646
* Asana Inc. Class A 1,133,852 20,761
* PROS Holdings Inc. 598,230 20,711
* Bumble Inc. Class A 1,374,760 20,511
* Paycor HCM Inc. 888,918 20,294
* DigitalOcean Holdings Inc. 830,836 19,965
* Upwork Inc. 1,746,458 19,840
* Sprinklr Inc. Class A 1,344,540 18,608
* Jamf Holding Corp. 992,366 17,525
* Impinj Inc. 309,125 17,011
* Zeta Global Holdings Corp. Class A 1,968,589 16,438
* Zuora Inc. Class A 1,857,781 15,308
* Vertex Inc. Class A 635,855 14,688
* Magnite Inc. 1,871,860 14,114
  Shutterstock Inc. 363,305 13,824
* AvePoint Inc. 2,000,523 13,443
* Everbridge Inc. 586,427 13,148
* Intapp Inc. 338,489 11,346
* Eventbrite Inc. Class A 1,128,140 11,123
* Amplitude Inc. Class A 948,483 10,974
* EngageSmart Inc. 602,007 10,830
*,1 Xometry Inc. Class A 586,429 9,958
* Alkami Technology Inc. 542,294 9,881
* BigCommerce Holdings Inc. 917,922 9,060
* Yext Inc. 1,427,529 9,036
* Olo Inc. Class A 1,481,187 8,976
* 3D Systems Corp. 1,824,227 8,957
* Digital Turbine Inc. 1,373,898 8,312
* PubMatic Inc. Class A 613,662 7,425
* Vimeo Inc. 2,038,707 7,217
* Planet Labs PBC 2,750,050 7,150
* nLight Inc. 635,650 6,611
* Consensus Cloud Solutions Inc. 254,396 6,406
* CEVA Inc. 322,986 6,263

          Shares Market
Value
($000)
* SmartRent Inc. Class A  2,304,564      6,015
* N-able Inc.    459,599      5,929
* Definitive Healthcare Corp. Class A    652,243      5,211
*,1 Klaviyo Inc. Class A    138,064      4,763
* NerdWallet Inc. Class A    527,717      4,691
*,1 Getty Images Holdings Inc.    713,830      4,633
* SEMrush Holdings Inc. Class A    514,025      4,369
* Matterport Inc.  1,842,129      3,997
* MeridianLink Inc.    234,281      3,997
* Enfusion Inc. Class A    424,146      3,805
* Nextdoor Holdings Inc.  2,038,231      3,710
* Thoughtworks Holding Inc.    685,900      2,798
* EverCommerce Inc.    271,570      2,724
*,1 Rumble Inc.    444,987      2,269
* MediaAlpha Inc. Class A 269,730 2,228
* SecureWorks Corp. Class A 98,849 614
*,1 Maplebear Inc. 1,817 54
            6,311,772
Telecommunications (1.8%)
* Ciena Corp. 2,150,754 101,645
  Iridium Communications Inc. 1,619,137 73,655
* Roku Inc. Class A 892,608 63,009
* Lumentum Holdings Inc. 911,600 41,186
  Cable One Inc. 64,705 39,835
  Cogent Communications Holdings Inc. 632,941 39,179
* Calix Inc. 810,992 37,176
* Extreme Networks Inc. 888,350 21,507
  InterDigital Inc. 189,962 15,243
* Viasat Inc. 803,193 14,827
  Shenandoah Telecommunications Co. 686,882 14,157
* Globalstar Inc. 10,358,262 13,569
*,1 Infinera Corp. 2,774,927 11,599
  ADTRAN Holdings Inc. 962,137 7,918
* Gogo Inc. 462,866 5,522
* fuboTV Inc. 1,999,376 5,338
  ATN International Inc. 157,104 4,958
* WideOpenWest Inc. 361,188 2,763
            513,086
Utilities (1.4%)
* Clean Harbors Inc. 701,138 117,343
  Vistra Corp. 2,644,041 87,729
* Casella Waste Systems Inc. Class A 819,644 62,539
  Ormat Technologies Inc. 736,903 51,524
* Sunrun Inc. 2,968,263 37,282
  California Water Service Group 415,055 19,636
*,1 Sunnova Energy International Inc. 1,495,060 15,653
            391,706
Total Common Stocks (Cost $26,029,463) 28,440,559

      Coupon   Shares Market
Value
($000)
Temporary Cash Investments (2.0%)
Money Market Fund (2.0%)
3,4 Vanguard Market Liquidity Fund
(Cost $580,730)
5.391%    5,809,604    580,902
Total Investments (101.9%) (Cost $26,610,193)   29,021,461
Other Assets and Liabilities—Net (-1.9%)   (548,254)
Net Assets (100%)   28,473,207
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 $517,074,000.
2 Security value determined using significant unobservable inputs.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
4 Collateral of $558,825,000 was received for securities on loan.

Derivative Financial Instruments Outstanding as of Period End

Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
Elastic NV 8/30/24 BANA 2,475 (5.331) 764
Fisker Inc. Class A 1/31/24 GSI 5,584 (5.331) (457)
Middleby Corp. 8/30/24 BANA 4,077 (5.331) (509)
Novocure Ltd. 8/30/24 BANA 3,971 (5.331) (1,080)
Watsco Inc. 8/30/24 BANA 7,060 (5.328) 472
Watsco Inc. 8/30/24 BANA 6,990 (5.327) 546
Wolfspeed Inc. 8/30/24 BANA 4,782 (5.331) (992)
          1,782 (3,038)
1 Based on USD Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
  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 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). The fund had no open futures contracts at September 30, 2023.
C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes 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.
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.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D.  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.
The following table summarizes the market value of the fund's investments and derivatives as of September 30, 2023, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 28,440,559 28,440,559
Temporary Cash Investments 580,902 580,902
Total 29,021,461 29,021,461
Derivative Financial Instruments        
Assets        
Swap Contracts 1,782 1,782
Liabilities        
Swap Contracts 3,038 3,038