N-Q 1 midcap301.htm NQ FORM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY


Investment Company Act file number: 811-07443

Name of Registrant: VANGUARD WHITEHALL FUNDS

Address of Registrant: P.O. Box 2600
Valley Forge, PA 19482

Name and address of agent for service: R. Gregory Barton, Esquire
P.O. Box 876
Valley Forge, PA 19482

Registrant’s telephone number, including area code: (610) 669-1000


Date of fiscal year end: October 31

Date of reporting period: January 31, 2005

Item 1: Schedule of Investments


Vanguard Mid-Cap Growth Fund
 
Schedule of Investments
January 31, 2005    Market 
       Value 
    Shares  (000)

   COMMON STOCKS (94.2%)

   Auto & Transportation (3.6%)
  BorgWarner, Inc. 188,400  $    10,115 
  Southwest Airlines Co. 590,500  8,550 

       18,665 

   
   Consumer Discretionary (18.6%)
  Royal Caribbean Cruises, Ltd. 258,050  13,677 
* Getty Images, Inc. 141,605  9,870 
  Manpower Inc. 201,590  9,807 
* PETCO Animal Supplies, Inc. 254,400  9,660 
* Monster Worldwide Inc. 272,513  8,527 
* VeriSign, Inc. 323,550  8,361 
  Marriott International, Inc. Class A 126,000  7,961 
* Activision, Inc. 307,300  6,945 
* Education Management Corp. 172,850  5,521 
* Fossil, Inc. 190,800  5,323 
  Strayer Education, Inc. 44,370  4,764 
  Harman International Industries, Inc. 38,400  4,671 

       95,087 

   
   Financial Services (3.6%)
* CB Richard Ellis Group, Inc. 282,854  9,897 
  UCBH Holdings, Inc. 106,800  4,707 
  TCF Financial Corp. 126,900  3,567 

       18,171 

   
   Health Care (15.9%)
  Cooper Cos., Inc. 137,394  10,538 
* INAMED Corp. 146,450  10,134 
* Caremark Rx, Inc. 235,200  9,196 
  Quest Diagnostics, Inc. 95,900  9,139 
* Protein Design Labs, Inc. 442,900  8,933 
* Cytyc Corp. 349,250  8,749 
* Stericycle, Inc. 166,850  8,581 
* Kinetic Concepts, Inc. 124,250  8,076 
* Gen-Probe Inc. 111,645  5,449 
* Millipore Corp. 31,229  1,359 
* Varian Medical Systems, Inc. 25,800  973 

       81,127 

   
   Other Energy (7.1%)
  ENSCO International, Inc. 237,655  8,135 
* Transocean Inc. 165,600  7,286 
  Peabody Energy Corp. 76,800  6,509 
  GlobalSantaFe Corp. 147,600  5,219 
* National-Oilwell, Inc. 128,400  4,735 
  Patterson-UTI Energy, Inc. 236,400  4,598 

       36,482 

   
   Materials & Processing (3.8%)
  Precision Castparts Corp. 180,000  12,654 
  Potash Corp. of Saskatchewan, Inc. 81,600  6,593 

       19,247 

   
   Producer Durables (8.1%)
* Thermo Electron Corp. 318,000  9,521 
  Rockwell Collins, Inc. 208,800  8,958 
  Tektronix, Inc. 308,400  8,888 
  Garmin Ltd. 153,600  8,448 
* Polycom, Inc. 339,208  5,862 
       41,677 
   
   Technology (25.5%)
* Macromedia, Inc. 361,250  12,369 
  Rockwell Automation, Inc. 205,200  11,625 
* Jabil Circuit, Inc. 451,309  10,637 
* Comverse Technology, Inc. 470,450  10,515 
* FLIR Systems, Inc. 171,600  10,459 
* QLogic Corp. 235,200  9,004 
  Adobe Systems, Inc. 153,650  8,743 
* Cognizant Technology Solutions Corp. 224,400  8,505 
* Affiliated Computer Services, Inc. Class A 150,400  8,150 
* Amdocs Ltd. 259,600  7,723 
* NVIDIA Corp. 336,100  7,703 
* TIBCO Software Inc. 699,700  7,690 
* Network Appliance, Inc. 232,800  7,412 
* Anteon International Corp. 150,000  5,148 
* NAVTEQ Corp. 121,170  4,640 

       130,323 

   
   Utilities (6.8%)
* Nextel Partners, Inc. 702,600  13,975 
* NII Holdings Inc. 232,850  12,527 
* UnitedGlobalCom Inc. Class A 860,500  8,407 

       34,909 

   
   Other (1.2%)
  Brunswick Corp. 135,400  6,245 


  TOTAL COMMON STOCKS
   (Cost $392,503)    481,933 

  TEMPORARY CASH INVESTMENT (4.2%)

  Vanguard Market Liquidity Fund, 2.36%**
   (Cost $21,817) 21,816,766  21,817 

  TOTAL INVESTMENTS (98.4%)
   (Cost $414,320)    503,750 

  OTHER ASSETS AND LIABILITIES-NET (1.6%)    8,080 

  NET ASSETS (100%)    $511,830 

  *Non-income-producing security.
**Money Market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.

Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4:00 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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund’s net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

At January 31, 2005, the cost of investment securities for tax purposes was $414,320,000. Net unrealized appreciation of investment securities for tax purposes was $89,430,000, consisting of unrealized gains of $92,641,000 on securities that had risen in value since their purchase and $3,211,000 in unrealized losses on securities that had fallen in value since their purchase.


Item 2: Controls and Procedures.

(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

(b) Internal Control Over Financial Reporting. During the last fiscal quarter, there was no significant change in the Registrant’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3:

Exhibits.
(a) Certifications.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

VANGUARD WHITEHALL FUNDS

BY: (signature)
(HEIDI STAM)
JOHN J. BRENNAN*
CHIEF EXECUTIVE OFFICER

Date: March 16, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

VANGUARD WHITEHALL FUNDS

BY: (signature)
(HEIDI STAM)
JOHN J. BRENNAN*
CHIEF EXECUTIVE OFFICER

Date: March 16, 2005

VANGUARD WHITEHALL FUNDS

BY: (signature)
(HEIDI STAM)
THOMAS J. HIGGINS*
TREASURER

Date: March 16, 2005

*By Power of Attorney. Filed on December 20, 2004, see File Number 002-14336. Incorporated by Reference.