NPORT-EX 2 vg_midcapgrowthindex.htm
Vanguard® Mid-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 (99.7%)
Basic Materials (1.9%)
  Fastenal Co.  3,940,742    215,322
1 Albemarle Corp.    809,390    137,629
  FMC Corp.    430,297     28,817
            381,768
Consumer Discretionary (13.1%)
* Copart Inc.  5,927,641    255,422
* Trade Desk Inc. Class A  3,077,374    240,497
* Aptiv plc  1,950,767    192,326
* Chipotle Mexican Grill Inc. Class A     95,144    174,288
* Take-Two Interactive Software Inc.  1,171,408    164,454
* AutoZone Inc.     62,615    159,041
  Tractor Supply Co.    750,504    152,390
* Royal Caribbean Cruises Ltd. 1,501,897 138,385
* Ulta Beauty Inc. 339,561 135,638
  Hilton Worldwide Holdings Inc. 901,896 135,447
* NVR Inc. 21,389 127,549
* Expedia Group Inc. 950,753 97,994
* ROBLOX Corp. Class A 3,322,368 96,216
* Live Nation Entertainment Inc. 1,111,209 92,275
  LKQ Corp. 1,845,476 91,369
  Rollins Inc. 2,006,846 74,916
  Domino's Pizza Inc. 188,060 71,235
* Burlington Stores Inc. 447,242 60,512
  Las Vegas Sands Corp. 1,186,169 54,374
  Pool Corp. 127,911 45,549
* Caesars Entertainment Inc. 705,550 32,702
* Etsy Inc. 424,362 27,405
  Warner Music Group Corp. Class A 811,319 25,475
* Chewy Inc. Class A 640,833 11,702
            2,657,161
Consumer Staples (2.0%)
  Church & Dwight Co. Inc. 1,697,115 155,507
  Brown-Forman Corp. Class B 2,139,091 123,404
  McCormick & Co. Inc. (Non-Voting) 865,906 65,497
  Lamb Weston Holdings Inc. 502,254 46,439
  Brown-Forman Corp. Class A 350,124 20,342
            411,189
Energy (7.8%)
  Hess Corp. 1,906,157 291,642
  Cheniere Energy Inc. 1,576,708 261,670

          Shares Market
Value
($000)
  Devon Energy Corp.  4,419,195    210,796
  Diamondback Energy Inc.  1,233,396    191,028
  Coterra Energy Inc.  4,947,490    133,830
* First Solar Inc.    700,018    113,116
  Halliburton Co.  2,788,946    112,952
* Enphase Energy Inc.    893,473    107,351
  EQT Corp.  1,418,084     57,546
  Marathon Oil Corp.  2,088,513     55,868
  Texas Pacific Land Corp.     21,188     38,637
            1,574,436
Financials (6.7%)
  MSCI Inc. Class A    518,232    265,895
  Apollo Global Management Inc.  2,737,068    245,679
  Broadridge Financial Solutions Inc.    814,708    145,874
  LPL Financial Holdings Inc. 526,254 125,064
  Ares Management Corp. Class A 1,125,803 115,811
  FactSet Research Systems Inc. 263,113 115,049
* Coinbase Global Inc. Class A 1,048,099 78,691
* Markel Group Inc. 43,449 63,978
  Tradeweb Markets Inc. Class A 790,688 63,413
  Interactive Brokers Group Inc. Class A 700,861 60,667
  Brown & Brown Inc. 782,375 54,641
  MarketAxess Holdings Inc. 129,974 27,768
            1,362,530
Health Care (13.1%)
* Dexcom Inc. 2,675,323 249,608
* IQVIA Holdings Inc. 1,199,925 236,085
* Seagen Inc. 970,977 205,993
* Veeva Systems Inc. Class A 1,005,136 204,495
  West Pharmaceutical Services Inc. 509,452 191,152
* Horizon Therapeutics plc 1,579,481 182,730
* Align Technology Inc. 501,490 153,115
* Alnylam Pharmaceuticals Inc. 862,185 152,693
  ResMed Inc. 1,014,426 150,003
* Illumina Inc. 1,091,862 149,891
* Molina Healthcare Inc. 402,126 131,853
* IDEXX Laboratories Inc. 286,293 125,187
* BioMarin Pharmaceutical Inc. 1,297,925 114,840
  Cooper Cos. Inc. 341,482 108,595
* Insulet Corp. 481,575 76,806
* Incyte Corp. 1,313,748 75,895
  STERIS plc 340,662 74,748
* Bio-Rad Laboratories Inc. Class A 140,706 50,436
* Charles River Laboratories International Inc. 176,869 34,663
            2,668,788
Industrials (19.2%)
* TransDigm Group Inc. 361,594 304,871
  Cintas Corp. 596,496 286,921
  Old Dominion Freight Line Inc. 678,307 277,523
  Verisk Analytics Inc. Class A 1,000,315 236,314
  AMETEK Inc. 1,591,315 235,133
  WW Grainger Inc. 310,387 214,738
  Quanta Services Inc. 1,001,496 187,350
  Vulcan Materials Co. 916,442 185,140
  Martin Marietta Materials Inc. 426,290 174,983
* Mettler-Toledo International Inc. 150,810 167,108
  Equifax Inc. 846,456 155,054

          Shares Market
Value
($000)
  Xylem Inc.  1,661,091    151,209
* Teledyne Technologies Inc.    324,691    132,662
* FleetCor Technologies Inc.    484,605    123,739
  Rockwell Automation Inc.    396,117    113,238
* Waters Corp.    407,660    111,784
  JB Hunt Transport Services Inc.    570,257    107,505
  TransUnion  1,333,280     95,716
* Trimble Inc.  1,712,753     92,249
  Ingersoll Rand Inc.  1,394,663     88,868
* BILL Holdings Inc.    696,296     75,597
* Fair Isaac Corp.     81,443     70,736
  HEICO Corp. Class A    517,973     66,932
  Howmet Aerospace Inc.  1,350,367     62,454
  Ball Corp.  1,086,366     54,079
  HEICO Corp. 283,064 45,837
* Zebra Technologies Corp. Class A 177,111 41,892
  Jack Henry & Associates Inc. 251,602 38,027
*,1 Symbotic Inc. Class A 83,762 2,800
            3,900,459
Real Estate (6.9%)
  Welltower Inc. 3,577,895 293,101
  Realty Income Corp. 4,888,813 244,147
* CoStar Group Inc. 2,816,488 216,560
  Extra Space Storage Inc. 1,457,265 177,174
  SBA Communications Corp. Class A 747,556 149,638
  Invitation Homes Inc. 4,220,911 133,761
  Sun Communities Inc. 858,170 101,556
* Zillow Group Inc. Class C 1,055,036 48,700
  Camden Property Trust 368,328 34,837
* Zillow Group Inc. Class A 273,301 12,241
            1,411,715
Technology (23.6%)
  Amphenol Corp. Class A 4,113,967 345,532
  Microchip Technology Inc. 3,754,501 293,039
* ON Semiconductor Corp. 2,976,439 276,660
* Palantir Technologies Inc. Class A 13,414,774 214,636
* Atlassian Corp. Class A 1,057,347 213,066
* ANSYS Inc. 598,650 178,128
* Gartner Inc. 516,512 177,479
* Splunk Inc. 1,156,712 169,169
* Datadog Inc. Class A 1,856,530 169,111
* HubSpot Inc. 327,735 161,409
  Marvell Technology Inc. 2,965,891 160,544
* DoorDash Inc. Class A 2,018,635 160,421
* MongoDB Inc. Class A 462,490 159,957
  Monolithic Power Systems Inc. 313,066 144,636
* Fortinet Inc. 2,302,184 135,092
* VeriSign Inc. 604,662 122,462
* Cloudflare Inc. Class A 1,917,157 120,858
* Tyler Technologies Inc. 290,243 112,074
* Akamai Technologies Inc. 1,046,440 111,488
* Zoom Video Communications Inc. Class A 1,578,594 110,407
* Pinterest Inc. Class A 4,013,489 108,485
  Skyworks Solutions Inc. 1,099,383 108,388
  Teradyne Inc. 1,062,283 106,717
* EPAM Systems Inc. 399,783 102,220
* Zscaler Inc. 603,770 93,941

          Shares Market
Value
($000)
  Paycom Software Inc.    354,509     91,914
* Okta Inc. Class A  1,069,524     87,177
  Bentley Systems Inc. Class B  1,563,542     78,427
* GoDaddy Inc. Class A  1,012,592     75,418
* Match Group Inc.  1,918,055     75,140
* Twilio Inc. Class A  1,186,707     69,458
* Snap Inc. Class A  7,079,320     63,077
* DocuSign Inc. Class A  1,395,652     58,617
* Unity Software Inc.  1,851,160     58,108
  Seagate Technology Holdings plc    679,677     44,825
* Toast Inc. Class A  1,346,432     25,219
* ZoomInfo Technologies Inc. Class A  1,246,160     20,437
            4,803,736
Telecommunications (3.6%)
  Motorola Solutions Inc. 1,152,008 313,623
* Arista Networks Inc. 1,601,480 294,560
* Liberty Broadband Corp. Class C 825,171 75,354
* Roku Inc. Class A 428,078 30,218
* Liberty Broadband Corp. Class A 113,308 10,301
            724,056
Utilities (1.8%)
  Waste Connections Inc. 1,777,001 238,651
  Constellation Energy Corp. 1,109,085 120,979
            359,630
Total Common Stocks (Cost $16,046,190) 20,255,468
      Coupon      
Temporary Cash Investments (0.3%)
Money Market Fund (0.3%)
2,3 Vanguard Market Liquidity Fund
(Cost $52,383)
5.391%   523,935 52,388
Total Investments (100.0%) (Cost $16,098,573)   20,307,856
Other Assets and Liabilities—Net (0.0%)   6,944
Net Assets (100%)   20,314,800
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 $3,171,000.
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 $3,244,000 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 December 2023 87 18,816 (633)
E-mini S&P Mid-Cap 400 Index December 2023 65 16,383 (424)
        (1,057)
    
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)
Domino's Pizza Inc. 8/30/24 BANA 10,512 (5.328) (285)
Domino's Pizza Inc. 8/30/24 BANA 10,459 (5.327) (227)
          (512)
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.

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. 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 20,255,468 20,255,468
Temporary Cash Investments 52,388 52,388
Total 20,307,856 20,307,856
Derivative Financial Instruments        
Liabilities        
Futures Contracts1 1,057 1,057
Swap Contracts 512 512
Total 1,057 512 1,569
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.