Shares | Market Value ($000) | ||
Common Stocks (97.3%) | |||
Communication Services (4.7%) | |||
Comcast Corp. Class A | 18,764,730 | 1,069,965 | |
Verizon Communications Inc. | 13,617,152 | 762,969 | |
AT&T Inc. | 6,757,488 | 194,481 | |
Omnicom Group Inc. | 1,307,310 | 104,572 | |
Lumen Technologies Inc. | 7,465,066 | 101,450 | |
Interpublic Group of Cos. Inc. | 2,121,344 | 68,922 | |
2,302,359 | |||
Consumer Discretionary (4.9%) | |||
Home Depot Inc. | 2,820,357 | 899,383 | |
McDonald's Corp. | 2,149,057 | 496,411 | |
Lowe's Cos. Inc. | 1,446,434 | 280,565 | |
TJX Cos. Inc. | 1,918,823 | 129,367 | |
Target Corp. | 519,202 | 125,512 | |
Best Buy Co. Inc. | 993,419 | 114,223 | |
H&R Block Inc. | 3,999,200 | 93,901 | |
Polaris Inc. | 434,180 | 59,465 | |
Whirlpool Corp. | 239,693 | 52,258 | |
Big Lots Inc. | 613,254 | 40,481 | |
Newell Brands Inc. | 1,211,782 | 33,288 | |
Foot Locker Inc. | 340,535 | 20,987 | |
Williams-Sonoma Inc. | 72,446 | 11,566 | |
2,357,407 | |||
Consumer Staples (14.0%) | |||
Procter & Gamble Co. | 9,423,702 | 1,271,540 | |
Philip Morris International Inc. | 9,026,313 | 894,598 | |
Mondelez International Inc. Class A | 12,149,107 | 758,590 | |
PepsiCo Inc. | 4,038,124 | 598,329 | |
Coca-Cola Co. | 9,537,906 | 516,096 | |
Archer-Daniels-Midland Co. | 6,281,358 | 380,650 | |
Unilever plc ADR | 6,320,375 | 369,742 | |
Kimberly-Clark Corp. | 2,577,356 | 344,799 | |
Walmart Inc. | 2,389,941 | 337,029 | |
Nestle SA ADR | 2,160,041 | 269,444 | |
Kellogg Co. | 3,702,347 | 238,172 | |
Altria Group Inc. | 4,059,685 | 193,566 | |
General Mills Inc. | 1,889,510 | 115,128 | |
Tyson Foods Inc. Class A | 1,443,750 | 106,491 | |
Conagra Brands Inc. | 2,038,694 | 74,168 | |
Campbell Soup Co. | 1,505,786 | 68,649 | |
Clorox Co. | 281,114 | 50,575 | |
Colgate-Palmolive Co. | 545,977 | 44,415 |
Shares | Market Value ($000) | ||
Hershey Co. | 232,255 | 40,454 | |
Coca-Cola Europacific Partners plc | 590,332 | 35,018 | |
Kraft Heinz Co. | 704,080 | 28,712 | |
Nu Skin Enterprises Inc. Class A | 431,137 | 24,424 | |
Walgreens Boots Alliance Inc. | 365,084 | 19,207 | |
Medifast Inc. | 58,464 | 16,544 | |
Kroger Co. | 316,434 | 12,123 | |
Bunge Ltd. | 124,014 | 9,692 | |
J M Smucker Co. | 61,037 | 7,909 | |
6,826,064 | |||
Energy (5.9%) | |||
Pioneer Natural Resources Co. | 3,686,597 | 599,146 | |
ConocoPhillips | 8,307,981 | 505,956 | |
Phillips 66 | 3,865,947 | 331,776 | |
1 | TC Energy Corp. | 6,336,183 | 313,538 |
Exxon Mobil Corp. | 3,886,620 | 245,168 | |
Chevron Corp. | 2,332,356 | 244,291 | |
Kinder Morgan Inc. | 7,474,048 | 136,252 | |
Schlumberger NV | 4,035,267 | 129,169 | |
Halliburton Co. | 3,546,212 | 81,988 | |
Williams Cos. Inc. | 2,952,708 | 78,394 | |
Devon Energy Corp. | 2,163,573 | 63,155 | |
Targa Resources Corp. | 1,361,484 | 60,518 | |
Cimarex Energy Co. | 482,235 | 34,938 | |
APA Corp. | 972,830 | 21,042 | |
Marathon Petroleum Corp. | 159,219 | 9,620 | |
2,854,951 | |||
Financials (21.1%) | |||
JPMorgan Chase & Co. | 11,685,737 | 1,817,600 | |
Bank of America Corp. | 34,251,078 | 1,412,172 | |
Morgan Stanley | 9,995,817 | 916,516 | |
MetLife Inc. | 12,532,713 | 750,083 | |
Chubb Ltd. | 4,007,750 | 636,992 | |
BlackRock Inc. | 721,385 | 631,190 | |
Progressive Corp. | 5,843,300 | 573,870 | |
Truist Financial Corp. | 9,217,023 | 511,545 | |
PNC Financial Services Group Inc. | 1,987,742 | 379,182 | |
Blackstone Group Inc. | 3,055,870 | 296,847 | |
Citigroup Inc. | 3,824,041 | 270,551 | |
Wells Fargo & Co. | 5,436,856 | 246,235 | |
M&T Bank Corp. | 1,677,500 | 243,757 | |
Aflac Inc. | 2,458,136 | 131,904 | |
Fifth Third Bancorp | 3,266,694 | 124,886 | |
Synchrony Financial | 2,450,139 | 118,881 | |
Regions Financial Corp. | 5,379,694 | 108,562 | |
Jefferies Financial Group Inc. | 3,023,717 | 103,411 | |
Citizens Financial Group Inc. | 2,236,364 | 102,582 | |
Ally Financial Inc. | 2,033,980 | 101,374 | |
Unum Group | 3,050,629 | 86,638 | |
First American Financial Corp. | 1,299,793 | 81,042 | |
First Horizon Corp. | 4,606,521 | 79,601 | |
Virtu Financial Inc. Class A | 2,181,604 | 60,278 | |
U.S. Bancorp | 1,015,393 | 57,847 | |
KeyCorp. | 2,783,669 | 57,483 | |
T Rowe Price Group Inc. | 260,663 | 51,603 | |
Prudential Financial Inc. | 500,266 | 51,262 | |
PacWest Bancorp | 1,030,423 | 42,412 |
Shares | Market Value ($000) | ||
Discover Financial Services | 299,178 | 35,390 | |
OneMain Holdings Inc. | 554,367 | 33,212 | |
Bank of New York Mellon Corp. | 639,708 | 32,772 | |
Fidelity National Financial Inc. | 666,497 | 28,966 | |
Equitable Holdings Inc. | 875,693 | 26,665 | |
New York Community Bancorp Inc. | 1,772,003 | 19,527 | |
Huntington Bancshares Inc. | 1,314,832 | 18,763 | |
Prosperity Bancshares Inc. | 178,447 | 12,812 | |
CME Group Inc. | 40,339 | 8,579 | |
MGIC Investment Corp. | 82,337 | 1,120 | |
10,264,112 | |||
Health Care (16.4%) | |||
Johnson & Johnson | 11,066,632 | 1,823,117 | |
Eli Lilly & Co. | 4,403,781 | 1,010,756 | |
Pfizer Inc. | 22,347,470 | 875,127 | |
Merck & Co. Inc. | 11,229,034 | 873,282 | |
UnitedHealth Group Inc. | 1,297,342 | 519,508 | |
Becton Dickinson and Co. | 1,683,096 | 409,312 | |
Medtronic plc | 2,431,545 | 301,828 | |
Anthem Inc. | 790,015 | 301,628 | |
Baxter International Inc. | 3,364,407 | 270,835 | |
1 | AstraZeneca plc ADR | 4,474,083 | 267,997 |
Roche Holding AG | 668,168 | 251,791 | |
Novartis AG (Registered) | 2,368,166 | 216,040 | |
Bristol-Myers Squibb Co. | 3,020,691 | 201,842 | |
Gilead Sciences Inc. | 2,813,050 | 193,707 | |
AbbVie Inc. | 1,415,587 | 159,452 | |
Cardinal Health Inc. | 1,842,080 | 105,164 | |
Amgen Inc. | 359,898 | 87,725 | |
CVS Health Corp. | 858,300 | 71,616 | |
* | Organon & Co. | 411,887 | 12,464 |
7,953,191 | |||
Industrials (10.0%) | |||
Lockheed Martin Corp. | 1,822,273 | 689,457 | |
Johnson Controls International plc | 8,195,166 | 562,434 | |
Eaton Corp. plc | 3,678,815 | 545,127 | |
Raytheon Technologies Corp. | 6,188,562 | 527,946 | |
Caterpillar Inc. | 2,249,952 | 489,657 | |
General Dynamics Corp. | 2,257,847 | 425,062 | |
Union Pacific Corp. | 1,307,033 | 287,456 | |
United Parcel Service Inc. Class B | 991,016 | 206,102 | |
Honeywell International Inc. | 910,988 | 199,825 | |
Waste Management Inc. | 1,156,500 | 162,037 | |
Illinois Tool Works Inc. | 643,111 | 143,774 | |
Cummins Inc. | 524,427 | 127,861 | |
3M Co. | 610,840 | 121,331 | |
Nielsen Holdings plc | 4,014,850 | 99,047 | |
Fastenal Co. | 1,361,563 | 70,801 | |
Watsco Inc. | 202,000 | 57,901 | |
PACCAR Inc. | 398,435 | 35,560 | |
nVent Electric plc | 1,109,614 | 34,664 | |
Triton International Ltd. | 525,936 | 27,528 | |
CH Robinson Worldwide Inc. | 175,319 | 16,422 | |
ABM Industries Inc. | 328,678 | 14,577 | |
Timken Co. | 151,104 | 12,178 | |
Snap-on Inc. | 53,198 | 11,886 | |
4,868,633 |
Shares | Market Value ($000) | ||
Information Technology (8.8%) | |||
Cisco Systems Inc. | 23,425,574 | 1,241,555 | |
TE Connectivity Ltd. | 3,439,485 | 465,053 | |
Corning Inc. | 10,722,957 | 438,569 | |
Automatic Data Processing Inc. | 1,697,629 | 337,183 | |
Analog Devices Inc. | 1,793,442 | 308,759 | |
Intel Corp. | 5,054,699 | 283,771 | |
International Business Machines Corp. | 1,683,828 | 246,832 | |
QUALCOMM Inc. | 1,682,593 | 240,493 | |
Texas Instruments Inc. | 1,065,887 | 204,970 | |
HP Inc. | 4,666,633 | 140,886 | |
Broadcom Inc. | 294,038 | 140,209 | |
Seagate Technology Holdings plc | 1,237,372 | 108,802 | |
KLA Corp. | 236,914 | 76,810 | |
Western Union Co. | 2,049,021 | 47,066 | |
4,280,958 | |||
Materials (3.6%) | |||
PPG Industries Inc. | 2,357,373 | 400,211 | |
Celanese Corp. Class A | 2,405,240 | 364,634 | |
Rio Tinto plc ADR | 2,591,200 | 217,376 | |
Nucor Corp. | 1,302,178 | 124,918 | |
Dow Inc. | 1,959,607 | 124,004 | |
International Paper Co. | 1,960,103 | 120,174 | |
Linde plc | 361,487 | 104,506 | |
Reliance Steel & Aluminum Co. | 553,902 | 83,584 | |
CF Industries Holdings Inc. | 1,098,069 | 56,496 | |
Steel Dynamics Inc. | 921,022 | 54,893 | |
Newmont Corp. | 587,986 | 37,266 | |
Huntsman Corp. | 910,329 | 24,142 | |
Westrock Co. | 411,318 | 21,890 | |
Packaging Corp. of America | 94,547 | 12,804 | |
Greif Inc. Class A | 206,726 | 12,517 | |
1,759,415 | |||
Real Estate (1.0%) | |||
Crown Castle International Corp. | 2,463,772 | 480,682 | |
Utilities (6.9%) | |||
Sempra Energy | 3,835,662 | 508,149 | |
Dominion Energy Inc. | 6,714,697 | 494,000 | |
Duke Energy Corp. | 3,910,618 | 386,056 | |
Exelon Corp. | 7,817,347 | 346,387 | |
American Electric Power Co. Inc. | 3,781,707 | 319,895 | |
Entergy Corp. | 2,302,261 | 229,535 | |
DTE Energy Co. | 1,498,514 | 194,207 | |
Southern Co. | 2,110,915 | 127,731 | |
UGI Corp. | 2,417,626 | 111,960 | |
AES Corp. | 4,275,714 | 111,468 | |
NextEra Energy Inc. | 1,277,489 | 93,614 | |
Evergy Inc. | 1,463,602 | 88,445 | |
PPL Corp. | 2,923,906 | 81,782 | |
FirstEnergy Corp. | 1,315,660 | 48,956 | |
CenterPoint Energy Inc. | 1,792,590 | 43,954 | |
WEC Energy Group Inc. | 420,412 | 37,396 | |
Public Service Enterprise Group Inc. | 621,976 | 37,157 | |
NRG Energy Inc. | 800,342 | 32,254 | |
IDACORP Inc. | 310,815 | 30,304 |
Shares | Market Value ($000) | ||
CMS Energy Corp. | 348,790 | 20,607 | |
3,343,857 | |||
Total Common Stocks (Cost $33,237,719) | 47,291,629 | ||
Temporary Cash Investments (3.3%) | |||
Money Market Fund (2.9%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.056% | 14,065,766 | 1,406,576 |
Face Amount ($000) | |||
Repurchase Agreements (0.4%) | |||
Goldman Sachs & Co. 0.050%, 7/1/21 (Dated 6/30/21, Repurchase Value $106,100,000, collateralized by Federal National Mortgage Association 4.000%, 4/1/41, Government National Mortgage Association 2.000%–8.500%, 3/20/27–2/20/51, and U.S.Treasury Note/Bond 2.250%, 8/15/27, with a value of $108,222,000) | 106,100 | 106,100 | |
Nomura International plc 0.050%, 7/1/21 (Dated 6/30/21, Repurchase Value $26,900,000, collateralized by U.S.Treasury Note/Bond 1.375%, 8/15/50, with a value of $27,438,000) | 26,900 | 26,900 | |
RBS Securities Inc. 0.050%, 7/1/21 (Dated 6/30/21, Repurchase Value $58,600,000, collateralized by U.S.Treasury Note/Bond 3.000%, 2/15/47, with a value of $59,772,000) | 58,600 | 58,600 | |
191,600 | |||
U.S. Government and Agency Obligations (0.0%) | |||
4 | U.S. Treasury Bill, 0.020%, 8/26/21 | 4,000 | 4,000 |
Total Temporary Cash Investments (Cost $1,601,993) | 1,602,176 | ||
Total Investments (100.6%) (Cost $34,839,712) | 48,893,805 | ||
Other Assets and Liabilities—Net (-0.6%) | (283,575) | ||
Net Assets (100%) | 48,610,230 | ||
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 $316,160,000. |
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 $329,686,000 was received for securities on loan. |
4 | Securities with a value of $2,447,000 have been segregated as initial margin for open futures contracts. |
ADR—American Depositary Receipt. |
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 | September 2021 | 4,874 | 1,045,132 | 14,664 |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 46,823,798 | 467,831 | — | 47,291,629 |
Temporary Cash Investments | 1,406,576 | 195,600 | — | 1,602,176 |
Total | 48,230,374 | 663,431 | — | 48,893,805 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 14,664 | — | — | 14,664 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |