0001752724-24-166216.txt : 20240726 0001752724-24-166216.hdr.sgml : 20240726 20240726141554 ACCESSION NUMBER: 0001752724-24-166216 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD WORLD FUND CENTRAL INDEX KEY: 0000052848 ORGANIZATION NAME: IRS NUMBER: 046035483 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-01027 FILM NUMBER: 241145720 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD WORLD FUNDS DATE OF NAME CHANGE: 20020402 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD WORLD FUND INC DATE OF NAME CHANGE: 19920703 FORMER 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Crescent Energy Co N/A CRESCENT ENERG-A 44952J104 499773.00000000 NS USD 6297139.80000000 0.057516365941 Long EC CORP US N 1 N N N Par Pacific Holdings Inc 549300BTNS7MHSHRLR55 PAR PACIFIC HOLD 69888T207 307779.00000000 NS USD 8353122.06000000 0.076295149928 Long EC CORP US N 1 N N N Equitrans Midstream Corp 549300RH0NLJNZ5SXU64 EQUITRANS MIDSTR 294600101 2318544.00000000 NS USD 33108808.32000000 0.302406869740 Long EC CORP US N 1 N N N 2024-07-26 VANGUARD WORLD FUND Ashley Grim Ashley Grim Treasurer XXXX NPORT-EX 2 vg_energyindex.htm
Vanguard® Energy Index Fund
Schedule of Investments (unaudited)
As of May 31, 2024
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 (99.4%)
Coal & Consumable Fuels (0.6%)
* CONSOL Energy Inc.    181,065     18,771
  Peabody Energy Corp.    746,877     18,507
* Uranium Energy Corp.  2,460,068     17,565
* Centrus Energy Corp. Class A    125,161      6,212
                 61,055
Integrated Oil & Gas (38.4%)
  Exxon Mobil Corp. 20,350,773  2,386,332
  Chevron Corp.  9,058,442  1,470,185
  Occidental Petroleum Corp.  3,496,584    218,536
              4,075,053
Oil & Gas Drilling (1.4%)
  Noble Corp. plc    649,494     30,175
* Valaris Ltd.    373,055     28,874
* Transocean Ltd. (XNYS)  4,265,747     26,448
  Patterson-UTI Energy Inc.  2,141,395     23,598
  Helmerich & Payne Inc.    582,144     22,156
* Diamond Offshore Drilling Inc.    707,025     10,733
* Nabors Industries Ltd. (XNYS)     80,549      6,022
                148,006
Oil & Gas Equipment & Services (10.2%)
  Schlumberger NV  7,449,292    341,848
  Baker Hughes Co.  5,281,184    176,814
  Halliburton Co.  4,695,694    172,332
  TechnipFMC plc  2,371,634     62,113
* Weatherford International plc    397,355     47,818
  NOV Inc.  2,186,798     41,156
  ChampionX Corp.  1,066,972     34,805
* Tidewater Inc.    282,933     29,235
  Liberty Energy Inc.    930,700     22,979
  Cactus Inc. Class A    392,449     20,152
  Archrock Inc.    898,387     18,183
* Oceaneering International Inc.    633,701     15,006
* Expro Group Holdings NV    602,473     13,224
* Helix Energy Solutions Group Inc.    979,038     11,269
* US Silica Holdings Inc.    578,100      8,955
  Select Water Solutions Inc.    724,450      7,918
  Atlas Energy Solutions Inc.    308,322      7,468
  Core Laboratories Inc.    385,200      7,219
* ProPetro Holding Corp.    744,623      7,133
  Kodiak Gas Services Inc.    233,130      6,423
* Newpark Resources Inc.    754,505      6,398
* Dril-Quip Inc.    309,231      5,980
* Bristow Group Inc.    166,131      5,966
  RPC Inc.    815,751      5,572
* TETRA Technologies Inc.  1,302,879      4,834
* DMC Global Inc.    302,889      3,934
              1,084,734
Oil & Gas Exploration & Production (26.8%)
  ConocoPhillips  6,142,067    715,428
  EOG Resources Inc.  3,034,273    377,919
  Hess Corp.  1,453,574    223,996
  Diamondback Energy Inc.    893,864    178,111
  Devon Energy Corp.  3,352,932    164,562
  Coterra Energy Inc.  3,999,404    114,063
  Marathon Oil Corp.  3,100,472     89,790
  EQT Corp.  1,940,323     79,728
  Ovintiv Inc. (XNYS)  1,451,440     74,996
  Texas Pacific Land Corp.    105,924     65,070
1

Vanguard® Energy Index Fund
    Shares Market
Value
($000)
  Chord Energy Corp.    337,979     62,665
  APA Corp.  2,011,531     61,412
* Antero Resources Corp.  1,576,045     56,154
1 Chesapeake Energy Corp.    607,057     55,200
  Range Resources Corp.  1,329,052     49,055
* Southwestern Energy Co.  6,081,411     45,793
  Permian resources Corp.  2,607,534     42,737
  Matador Resources Co.    658,635     41,790
  Murphy Oil Corp.    815,150     34,880
  SM Energy Co.    655,189     33,041
  Civitas Resources Inc.    377,403     27,762
  Magnolia Oil & Gas Corp. Class A  1,004,866     26,076
* CNX Resources Corp.    903,836     23,771
  Northern Oil & Gas Inc.    536,851     21,973
  Viper Energy Inc.    489,228     18,816
* Kosmos Energy Ltd.  2,880,949     17,574
  California Resources Corp.    341,528     16,171
* Gulfport Energy Corp.     83,155     13,455
  Sitio Royalties Corp. Class A    541,300     12,683
* Talos Energy Inc.    987,017     11,854
  Comstock Resources Inc.    773,971      9,063
  Crescent Energy Co. Class A    710,206      8,949
* Vital Energy Inc.    176,573      8,626
1 Kimbell Royalty Partners LP    486,015      8,155
* SilverBow Resources Inc.    162,866      6,384
  VAALCO Energy Inc.    962,618      6,142
  Vitesse Energy Inc.    237,854      6,070
  Berry Corp.    749,355      5,223
  SandRidge Energy Inc.    367,686      5,133
1 HighPeak Energy Inc.    309,685      4,887
  Granite Ridge Resources Inc.    677,451      4,437
  Riley Exploration Permian Inc.    148,902      4,348
*,1 Tellurian Inc.  8,367,099      4,302
  W&T Offshore Inc.  1,684,112      3,756
              2,842,000
Oil & Gas Refining & Marketing (10.3%)
  Marathon Petroleum Corp.  1,964,045    346,870
  Phillips 66  2,275,742    323,406
  Valero Energy Corp.  1,761,049    276,731
  HF Sinclair Corp.    895,549     49,461
  PBF Energy Inc. Class A    612,439     28,374
  World Kinect Corp.    417,558     10,999
  Delek US Holdings Inc.    427,487     10,884
* Par Pacific Holdings Inc.    387,553     10,518
* Green Plains Inc.    456,110      7,832
  CVR Energy Inc.    272,087      7,580
* REX American Resources Corp.    129,347      6,466
* Clean Energy Fuels Corp.  1,945,765      6,090
*,1 Gevo Inc.  5,003,161      3,421
*,1 Vertex Energy Inc.  1,847,071      2,087
              1,090,719
Oil & Gas Storage & Transportation (11.7%)
  Williams Cos. Inc.  6,394,594    265,440
  ONEOK Inc.  2,912,140    235,883
  Kinder Morgan Inc. 10,513,463    204,907
  Cheniere Energy Inc.  1,232,414    194,463
  Targa Resources Corp.  1,121,012    132,537
  DTE Midstream LLC    543,861     36,482
  Equitrans Midstream Corp.  2,444,495     34,907
  Antero Midstream Corp.  2,049,153     30,020
* Plains GP Holdings LP Class A  1,167,126     21,020
* EnLink Midstream LLC  1,376,131     17,463
  Hess Midstream LP Class A    489,775     17,020
  International Seaways Inc.    244,499     15,751
  Dorian LPG Ltd.    238,823     12,087
  Kinetik Holdings Inc.    266,068     10,906
  New Fortress Energy Inc.    417,167     10,575
* NextDecade Corp.    737,242      5,279
2

Vanguard® Energy Index Fund
    Shares Market
Value
($000)
  Excelerate Energy Inc. Class A    240,038      4,275
              1,249,015
Total Common Stocks (Cost $8,791,887) 10,550,582
Temporary Cash Investments (0.3%)
Money Market Fund (0.3%)
2,3 Vanguard Market Liquidity Fund, 5.397% (Cost $28,539)    285,448           28,542
Total Investments (99.7%) (Cost $8,820,426) 10,579,124
Other Assets and Liabilities—Net (0.3%) 33,190
Net Assets (100.0%) 10,612,314
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 $22,912,000.
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 $25,318,000 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)
Chevron Corp. 1/31/25 CITNA 30,837 (5.320) (5)
EQT Corp. 8/30/24 BANA 12,327 (5.325) (28)
ONEOK Inc. 1/31/25 CITNA 12,150 (5.325) (28)
          (61)
1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
  CITNA—Citibank, N.A.
At May 31, 2024, the counterparties had deposited in segregated accounts securities with a value of $286,000 in connection with open over-the-counter swap contracts.
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. 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.
3

Vanguard® Energy Index Fund
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.
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.
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2024, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 10,550,582 10,550,582
Temporary Cash Investments 28,542 28,542
Total 10,579,124 10,579,124
Derivative Financial Instruments        
Liabilities        
Swap Contracts 61 61
4