Shares | Market Value ($000) | ||
Common Stocks (98.1%) | |||
Consumer Discretionary (11.8%) | |||
TJX Cos. Inc. | 24,193,953 | 1,906,967 | |
NIKE Inc. Class B | 14,432,762 | 1,828,920 | |
McDonald's Corp. | 5,430,048 | 1,605,937 | |
Home Depot Inc. | 3,098,772 | 931,305 | |
6,273,129 | |||
Consumer Staples (15.4%) | |||
Colgate-Palmolive Co. | 20,938,303 | 1,670,877 | |
PepsiCo Inc. | 8,390,805 | 1,601,721 | |
Procter & Gamble Co. | 9,962,638 | 1,557,957 | |
Coca-Cola Co. | 20,291,879 | 1,301,724 | |
Costco Wholesale Corp. | 2,153,298 | 1,083,583 | |
Diageo plc | 21,591,081 | 984,901 | |
8,200,763 | |||
Financials (14.0%) | |||
Visa Inc. Class A | 6,768,892 | 1,575,324 | |
Marsh & McLennan Cos. Inc. | 8,654,073 | 1,559,377 | |
Mastercard Inc. Class A | 3,667,528 | 1,393,771 | |
Chubb Ltd. | 5,988,702 | 1,207,083 | |
American Express Co. | 7,391,907 | 1,192,610 | |
PNC Financial Services Group Inc. | 3,932,051 | 512,150 | |
7,440,315 | |||
Health Care (18.0%) | |||
Stryker Corp. | 6,717,661 | 2,012,947 | |
UnitedHealth Group Inc. | 3,732,005 | 1,836,482 | |
Johnson & Johnson | 8,137,820 | 1,332,161 | |
Danaher Corp. | 4,843,777 | 1,147,539 | |
Medtronic plc | 12,463,895 | 1,133,591 | |
Abbott Laboratories | 8,111,143 | 896,038 | |
Merck & Co. Inc. | 7,166,083 | 827,468 | |
Pfizer Inc. | 10,857,867 | 422,263 | |
9,608,489 | |||
Industrials (21.2%) | |||
Honeywell International Inc. | 8,546,558 | 1,707,944 | |
Northrop Grumman Corp. | 3,372,658 | 1,555,706 | |
Raytheon Technologies Corp. | 13,492,137 | 1,347,864 | |
General Dynamics Corp. | 5,473,870 | 1,195,165 | |
Union Pacific Corp. | 5,622,351 | 1,100,294 | |
Canadian National Railway Co. | 8,982,970 | 1,070,783 | |
United Parcel Service Inc. Class B (XNYS) | 5,818,987 | 1,046,312 | |
Automatic Data Processing Inc. | 4,071,669 | 895,767 | |
Lockheed Martin Corp. | 1,792,213 | 832,393 |
Shares | Market Value ($000) | ||
Deere & Co. | 1,393,256 | 526,679 | |
11,278,907 | |||
Information Technology (8.6%) | |||
Microsoft Corp. | 6,406,554 | 1,968,478 | |
Accenture plc Class A | 4,824,571 | 1,352,279 | |
Texas Instruments Inc. | 7,489,556 | 1,252,253 | |
4,573,010 | |||
Materials (5.3%) | |||
Linde plc | 4,154,417 | 1,534,849 | |
Ecolab Inc. | 7,767,539 | 1,303,704 | |
2,838,553 | |||
Real Estate (2.7%) | |||
Public Storage | 2,485,090 | 732,679 | |
American Tower Corp. | 3,541,454 | 723,838 | |
1,456,517 | |||
Utilities (1.1%) | |||
NextEra Energy Inc. | 7,371,423 | 564,872 | |
Total Common Stocks (Cost $28,528,562) | 52,234,555 | ||
Temporary Cash Investments (1.8%) | |||
Money Market Fund (0.0%) | |||
1 | Vanguard Market Liquidity Fund, 4.853% | 262 | 26 |
Face Amount ($000) | |||
Repurchase Agreements (1.8%) | |||
Credit Agricole Securities 4.750%, 5/1/23 (Dated 4/28/23, Repurchase Value $144,557,000, collateralized by U.S. Treasury Note/Bond 2.625%–2.750%, 4/15/25–5/15/25, with a value of $147,390,000) | 144,500 | 144,500 | |
JP Morgan Securities LLC 4.780%, 5/1/23 (Dated 4/28/23, Repurchase Value $18,107,000, collateralized by U.S. Treasury Note/Bond 3.000%, 2/15/48, with a value of $18,462,000) | 18,100 | 18,100 | |
Natixis SA 4.750%, 5/1/23 (Dated 4/28/23, Repurchase Value $360,943,000, collateralized by Federal Home Loan Bank 3.000%, 2/24/37, U.S. Treasury Inflation Indexed Note/Bond 0.125%–1.375%, 1/15/24–2/15/50, and U.S. Treasury Note/Bond 0.750%–4.625%, 8/31/25–8/15/51, with a value of $368,016,000) | 360,800 | 360,800 | |
NatWest Markets plc 4.760%, 5/1/23 (Dated 4/28/23, Repurchase Value $259,403,000, collateralized by U.S. Treasury Note/Bond 0.125%–4.500%, 6/30/23–2/28/30, with a value of $264,486,000) | 259,300 | 259,300 | |
Societe Generale 4.760%, 5/1/23 (Dated 4/28/23, Repurchase Value $142,757,000, collateralized by Ginnie Mae 2.500%–4.000%, 11/20/44–6/20/51, with a value of $145,554,000) | 142,700 | 142,700 | |
925,400 | |||
Total Temporary Cash Investments (Cost $925,426) | 925,426 | ||
Total Investments (99.9%) (Cost $29,453,988) | 53,159,981 | ||
Other Assets and Liabilities—Net (0.1%) | 68,208 | ||
Net Assets (100%) | 53,228,189 | ||
Cost is in $000. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 51,249,654 | 984,901 | — | 52,234,555 |
Temporary Cash Investments | 26 | 925,400 | — | 925,426 |
Total | 51,249,680 | 1,910,301 | — | 53,159,981 |