N-Q 1 worldussect5487.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: 811-1027

Name of Registrant: Vanguard World 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: August 31

Date of reporting period: May 31, 2005

Item 1: Schedule of Investments




Vanguard Information Technology Index Fund
Schedule of Investments
May 31, 2005
  Shares Market
Value
($000)

   COMMON STOCKS (100.4%)    

   Advertising Agencies (0.1%)
* ValueClick, Inc. 1,298  $14 
* aQuantive, Inc. 817  13 
* Marchex, Inc. 273 

       31 

   Chemicals (0.0%)
* Cabot Microelectronics Corp. 383  12 

   Commercial Information Services (0.1%)
* Ask Jeeves, Inc. 740  22 
* CMGI Inc. 5,889  13 
  infoUSA Inc. 650 

       43 

   Communications Technology (16.5%)
* Cisco Systems, Inc. 103,197  2,000 
  QUALCOMM Inc. 26,275  979 
  Motorola, Inc. 39,144  680 
* Corning, Inc. 22,827  358 
* Lucent Technologies, Inc. 72,222  203 
* Juniper Networks, Inc. 7,420  190 
* NCR Corp. 3,052  112 
  Scientific-Atlanta, Inc. 2,514  84 
* Comverse Technology, Inc. 3,212  76 
* McAfee Inc. 2,623  75 
* Avaya Inc. 7,025  64 
  Harris Corp. 2,196  63 
* Tellabs, Inc. 7,155  59 
  Symbol Technologies, Inc. 3,868  45 
* ADC Telecommunications, Inc. 1,930  35 
* JDS Uniphase Corp. 22,111  34 
* 3Com Corp. 6,452  24 
  ADTRAN Inc. 1,044  23 
* Avocent Corp. 813  23 
* Anixter International Inc. 510  19 
* TIBCO Software Inc. 3,021  19 
* Foundry Networks, Inc. 1,919  18 
* Brocade Communications Systems, Inc. 4,268  17 
* CIENA Corp. 7,636  17 
* CSG Systems International, Inc. 807  15 
* CommScope, Inc. 851  14 
* WebEx Communications, Inc. 520  14 
* Sonus Networks, Inc. 2,802  12 
* Tekelec 884  12 
* Sycamore Networks, Inc. 3,403  12 
* UTStarcom, Inc. 1,533  11 
* j2 Global Communications, Inc. 317  11 
  Black Box Corp. 278  10 
* Ixia 500 
* Aspect Communications Corp. 895 
  Talx Corp. 297 
* Extreme Networks, Inc. 1,729 
* ViaSat, Inc. 366 
* Harmonic, Inc. 1,160 
  Inter-Tel, Inc. 297 
* Secure Computing Corp. 521 
* Comtech Telecommunications Corp. 133 
* NETGEAR, Inc. 242 
* Novatel Wireless, Inc. 379 
* Westell Technologies, Inc. 763 
* InterVoice, Inc. 500 
* Standard Microsystem Corp. 251 
* Entrust, Inc. 944 
* Anaren, Inc. 309 
* Ditech Communications Corp. 493 
  Bel Fuse, Inc. Class B 116 
* SeaChange International, Inc. 391 
* Atheros Communications 332 
* Finisar Corp. 2,457 
* Echelon Corp. 424 
* REMEC Inc 391 
* Oplink Communications, Inc. 1,339 
* Ulticom, Inc. 183 
  Bel Fuse, Inc. Class A 39 
* Avanex Corp. 343 
* Enterasys Networks, Inc. 168 
* Net2Phone, Inc. 79 

       5,450 

   Computer Services Software & Systems (24.5%)
  Microsoft Corp. 156,339  4,034 
* Oracle Corp. 62,544  802 
  Adobe Systems, Inc. 7,764  257 
* Symantec Corp. 11,328  256 
  Computer Associates International, Inc. 7,611  208 
* Accenture Ltd. 7,897  184 
* Veritas Software Corp. 6,936  173 
  Autodesk, Inc. 3,781  150 
* Computer Sciences Corp. 3,098  143 
* Intuit, Inc. 2,906  126 
* Cognizant Technology Solutions Corp. 2,169  104 
* Affiliated Computer Services, Inc. Class A 1,980  102 
* Siebel Systems, Inc. 7,880  73 
* Citrix Systems, Inc. 2,788  70 
* Mercury Interactive Corp. 1,441  65 
* Cadence Design Systems, Inc. 4,432  62 
* BMC Software, Inc. 3,609  61 
* BEA Systems, Inc. 6,325  53 
* Macromedia, Inc. 1,147  51 
* NAVTEQ Corp. 1,305  50 
* QLogic Corp. 1,504  48 
* Ceridian Corp. 2,433  46 
* Compuware Corp. 6,333  43 
* Novell, Inc. 6,223  36 
* Red Hat, Inc. 2,590  33 
* CACI International, Inc. 488  31 
* Sybase, Inc. 1,518  31 
* F5 Networks, Inc. 555  28 
  Reynolds & Reynolds Class A 1,024  28 
* MICROS Systems, Inc. 616  28 
* Parametric Technology Corp. 4,539  27 
* Hyperion Solutions Corp. 616  27 
  Acxiom Corp. 1,327  24 
* Akamai Technologies, Inc. 1,743  24 
* Anteon International Corp. 514  23 
  National Instruments Corp. 921  21 
* Websense, Inc. 390  21 
* Wind River Systems Inc. 1,194  20 
* Progress Software Corp. 620  18 
* BearingPoint, Inc. 2,683  18 
* SRA International, Inc. 510  17 
* ANSYS, Inc. 518  17 
* Digitas Inc. 1,507  17 
* Openwave Systems Inc. 1,045  16 
* Electronics for Imaging, Inc. 837  16 
* Macrovision Corp. 749  16 
* Internet Security Systems, Inc. 688  15 
* Transaction Systems Architects, Inc. 659  15 
* Salesforce.com, Inc. 695  14 
* Mentor Graphics Corp. 1,231  13 
* Informatica Corp. 1,458  13 
* Digital River, Inc. 452  12 
* SafeNet, Inc. 369  12 
* MicroStrategy Inc. 193  11 
* Sapient Corp. 1,236  10 
* Keane, Inc. 757  10 
* Epicor Software Corp. 769 
* Manhattan Associates, Inc. 446 
* Equinix, Inc. 246 
* SERENA Software, Inc. 477 
* NetIQ Corp. 834 
* RealNetworks, Inc. 1,694 
* Quest Software, Inc. 650 
* Borland Software Corp. 1,305 
* Zoran Corp. 662 
  SS&C Technologies, Inc. 271 
* Verint Systems Inc. 229 
* Micromuse Inc. 1,268 
* Ciber, Inc. 896 
* ManTech International Corp. 250 
* Pinnacle Systems, Inc. 999 
* Packeteer, Inc. 483 
* ScanSoft, Inc. 1,411 
* Ariba, Inc. 910 
* Kanbay International Inc. 263 
* JDA Software Group, Inc. 419 
* Altiris, Inc. 285 
* SonicWALL, Inc. 842 
* MRO Software Inc. 345 
* Agile Software Corp. 760 
* Verity, Inc. 560 
* Jupitermedia Corp. 261 
* Magma Design Automation, Inc. 597 
* Open Solutions Inc. 265 
* Vignette Corp. 4,032 
* Interwoven Inc. 571 
* SPSS, Inc. 249 
* Lawson Software Inc. 720 
* Concur Technologies, Inc. 444 
* Opsware, Inc. 850 
* SupportSoft, Inc. 803 
* EPIQ Systems, Inc. 250 
* webMethods, Inc. 765 
* E.piphany Inc. 1,094 
* OpenTV Corp. 1,223 
* MatrixOne, Inc. 740 
* Lionbridge Technologies, Inc. 647 
* PEC Solutions, Inc. 187 
* Tyler Technologies, Inc. 440 
* SYNNEX Corp. 174 
* Blue Coat Systems, Inc. 141 
* ActivCard Corp. 602 
* PDF Solutions, Inc. 210 
* SeeBeyond Technology Corp. 698 
* Blackboard Inc. 101 
* Motive, Inc. 215 
  Syntel, Inc. 107 
* Keynote Systems Inc. 113 
* iGATE Corp. 284 
* Gartner, Inc. Class A 120 
  QAD Inc. 150 
* Pegasystems Inc. 160 
* PalmSource, Inc. 64 
* Digimarc Corp. 69 
* Embarcadero Technologies, Inc. 35 
  Integral Systems, Inc.
* Manugistics Group, Inc. 89 
  Blackbaud, Inc.

       8,095 

   Computer Technology (20.5%)
  International Business Machines Corp. 26,065  1,969 
* Dell Inc. 35,695  1,424 
  Hewlett-Packard Co. 46,227  1,041 
* EMC Corp. 38,256  538 
* Apple Computer, Inc. 12,837  510 
* Sun Microsystems, Inc. 54,931  209 
  Electronic Data Systems Corp. 8,331  164 
* Network Appliance, Inc. 5,550  160 
  Seagate Technology 4,245  90 
* NVIDIA Corp. 2,583  70 
* SanDisk Corp. 2,631  69 
* Storage Technology Corp. 1,792  58 
* Western Digital Corp. 3,382  51 
* Zebra Technologies Corp. Class A 1,061  45 
* Synopsys, Inc. 2,491  45 
* Unisys Corp. 5,365  39 
* Ingram Micro, Inc. Class A 2,022  32 
* Emulex Corp. 1,397  26 
* Maxtor Corp. 4,192  23 
  Imation Corp. 547  21 
* PalmOne, Inc. 701  20 
* FileNET Corp. 669  19 
* Hutchinson Technology, Inc. 399  16 
* Intergraph Corp. 507  16 
* Perot Systems Corp. 1,217  16 
* UNOVA, Inc. 748  15 
* RSA Security Inc. 1,160  14 
* Gateway, Inc. 3,477  12 
* Komag, Inc. 306 
* Synaptics Inc. 365 
* Quantum Corp. 2,680 
* Adaptec, Inc. 1,734 
* Advanced Digital Information Corp. 919 
* Lexar Media, Inc. 1,126 
* McDATA Corp. Class A 1,309 
* Dot Hill Systems Corp. 614 
* Silicon Graphics, Inc. 3,825 
* FalconStor Software, Inc. 340 
* InFocus Corp. 591 
* Iomega Corp. 752 
* McDATA Corp. 471 
* Cray Inc. 886 
* Safeguard Scientifics, Inc. 72 

       6,774 

   Consumer Electronics (6.2%)
* Yahoo! Inc. 19,853  739 
* Google Inc. 2,596  723 
* Electronic Arts Inc. 4,979  262 
* VeriSign, Inc. 4,142  134 
* Activision, Inc. 3,012  47 
* Take-Two Interactive Software, Inc. 1,117  29 
* Earthlink, Inc. 2,424  26 
* CNET Networks, Inc. 2,150  22 
* THQ Inc. 669  19 
* DoubleClick Inc. 1,933  16 
* InfoSpace, Inc. 448  15 
  United Online, Inc. 755  10 
* Midway Games Inc. 865 
* Digital Theater Systems Inc. 175 
* Atari, Inc. 544 
* FindWhat.com 237 

       2,055 

   Diversified Financial Services (0.1%)
* BISYS Group, Inc. 1,893  29 
* Euronet Worldwide, Inc. 374  10 

       39 

   Education—Services (0.0%)
  Renaissance Learning, Inc. 146 

   Electrical & Electronics (0.2%)
* Benchmark Electronics, Inc. 668  21 
* Power Integrations, Inc. 470  11 
* Plexus Corp. 664 
* TTM Technologies, Inc. 579 
* OSI Systems Inc. 222 
* Universal Display Corp. 340 

       52 

   Electrical Equipment & Components (0.3%)
  Molex, Inc. Class A 1,315  31 
  Molex, Inc. 1,003  27 
* Littelfuse, Inc. 378  11 
* MKS Instruments, Inc. 538 
* Taser International Inc. 785 
  Technitrol, Inc. 587 
  Cohu, Inc. 311 
  CTS Corp. 556 
* Sonic Solutions, Inc. 349 

       112 

   Electronics (1.2%)
* Flextronics International Ltd. 9,125  117 
  Amphenol Corp. 1,427  60 
* Sanmina-SCI Corp. 8,316  43 
* Vishay Intertechnology, Inc. 2,731  35 
* Avid Technology, Inc. 508  30 
* FLIR Systems, Inc. 1,104  30 
* Semtech Corp. 1,120  20 
  AVX Corp. 943  11 
* Aeroflex, Inc. 1,241  10 
  Agilysys, Inc. 450 
  Park Electrochemical Corp. 290 
  Methode Electronics, Inc. Class A 531 
  BEI Technologies, Inc. 198 
* Daktronics, Inc. 218 
* Kopin Corp. 1,041 
* Multi-Fineline Electronix, Inc. 207 

       393 

   Electronics—Gauge & Meter (0.3%)
* Mettler-Toledo International Inc. 686  34 
  Tektronix, Inc. 1,453  33 
* Itron, Inc. 377  15 
  Keithley Instruments Inc. 205 
* Metrologic Instruments, Inc. 140 

       87 

   Electronics—Medical Systems (0.0%)
  Quality Systems, Inc. 33 

   Electronics—Semiconductors/Components (18.4%)
  Intel Corp. 99,414  2,677 
  Texas Instruments, Inc. 27,480  760 
  Analog Devices, Inc. 5,947  221 
  Maxim Integrated Products, Inc. 5,270  208 
  Linear Technology Corp. 5,005  188 
  Xilinx, Inc. 5,689  158 
* Broadcom Corp. 4,373  155 
* Altera Corp. 6,075  135 
* Marvell Technology Group Ltd. 3,188  131 
  National Semiconductor Corp. 5,812  117 
* Micron Technology, Inc. 9,800  108 
  Microchip Technology, Inc. 3,385  100 
* Advanced Micro Devices, Inc. 5,941  97 
* Freescale Semiconductor, Inc. Class B 4,414  89 
* Jabil Circuit, Inc. 2,646  77 
* Arrow Electronics, Inc. 1,894  53 
* International Rectifier Corp. 1,072  51 
  Intersil Corp. 2,477  46 
* LSI Logic Corp. 6,312  46 
* Freescale Semiconductor Inc. Class A 2,082  42 
* Avnet, Inc. 1,995  42 
* Agere Systems Inc. 2,812  38 
* Cree, Inc. 1,234  37 
* Fairchild Semiconductor International, Inc. 1,996  29 
* MEMC Electronic Materials, Inc. 2,048  28 
* Cypress Semiconductor Corp. 2,109  27 
* PMC Sierra Inc. 2,948  26 
* Integrated Circuit Systems, Inc. 1,216  26 
* Rambus Inc. 1,508  23 
* Atmel Corp. 7,251  22 
* Integrated Device Technology Inc. 1,670  20 
* Microsemi Corp. 973  20 
* Silicon Laboratories Inc. 611  17 
* Skyworks Solutions, Inc. 2,634  17 
* OmniVision Technologies, Inc. 922  15 
* RF Micro Devices, Inc. 3,100  14 
* Tessera Technologies, Inc. 487  14 
* Applied Micro Circuits Corp. 4,785  14 
* Micrel, Inc. 1,066  12 
* Silicon Image, Inc. 1,043  12 
* FormFactor Inc. 446  12 
* DSP Group Inc. 440  10 
* SigmaTel Inc. 439  10 
* ON Semiconductor Corp. 2,190  10 
* Conexant Systems, Inc. 6,446 
* Exar Corp. 637 
* Vitesse Semiconductor Corp. 3,388 
* Genesis Microchip Inc. 483 
* Lattice Semiconductor Corp. 1,788 
* Cirrus Logic, Inc. 1,357 
* TriQuint Semiconductor, Inc. 1,982 
* Amkor Technology, Inc. 1,628 
* Actel Corp. 376 
* Pixelworks, Inc. 568 
* Silicon Storage Technology, Inc. 1,353 
* Excel Technology, Inc. 181 
* SiRF Technology Holdings, Inc. 317 
* IXYS Corp. 304 
* AMIS Holdings Inc. 337 
* Integrated Silicon Solution, Inc. 551 
* Virage Logic Corp. 299 
* Pericom Semiconductor Corp. 380 
* Mindspeed Technologies, Inc. 1,423 
* ESS Technology, Inc. 487 
* Transmeta Corp. 1,099 

       6,064 

   Electronics—Technology (0.5%)
* Solectron Corp. 15,910  58 
* Trimble Navigation Ltd. 844  34 
* The Titan Corp. 1,377  30 
* Coherent, Inc. 468  15 
* Checkpoint Systems, Inc. 656  12 
* ScanSource, Inc. 193 
* KEMET Corp. 1,262 
* Identix, Inc. 1,302 

       174 

   Financial Data Processing Services (5.2%)
  First Data Corp. 13,248  501 
  Automatic Data Processing, Inc. 9,309  408 
* SunGard Data Systems, Inc. 4,677  162 
  Paychex, Inc. 5,558  161 
* Fiserv, Inc. 3,198  138 
* DST Systems, Inc. 1,080  52 
* CheckFree Corp. 1,276  48 
  Fair, Isaac, Inc. 1,107  38 
  Certegy, Inc. 1,008  38 
  Global Payments Inc. 498  35 
* Alliance Data Systems Corp. 670  25 
* Kronos, Inc. 520  23 
  Jack Henry & Associates Inc. 1,217  22 
* eFunds Corp. 837  17 
  Total System Services, Inc. 678  17 
* Digital Insight Corp. 591  13 
* Advent Software, Inc. 409 
* iPayment Holdings, Inc. 176 
* CCC Information Services Group 88 

       1,715 

   Financial Information Services (0.1%)
  FactSet Research Systems Inc. 473  15 
* S1 Corp. 1,042 
* HomeStore, Inc. 1,517 

       23 

   Identification Control & Filter Devices (0.6%)
* Agilent Technologies, Inc. 7,067  170 
* Paxar Corp. 561  10 
* Veeco Instruments, Inc. 421 
* Asyst Technologies, Inc. 795 
* Advanced Energy Industries, Inc. 309 

       192 

   Machinery—Specialty (0.1%)
* Applied Films Corp. 219 
  Helix Technology Corp. 390 
* Semitool, Inc. 250 

       13 

   Medical & Dental Instruments & Supplies (0.0%)
  Landauer, Inc. 132 

   Miscellaneous Materials & Processing (0.0%)
* Rogers Corp. 296  12 

   Office Furniture & Business Equipment (1.3%)
* Xerox Corp. 15,425  209 
* Lexmark International, Inc. 2,094  143 
  Diebold, Inc. 1,158  58 
* Presstek, Inc. 503 

       414 

   Production Technical Equipment (2.9%)
  Applied Materials, Inc. 26,626  437 
  KLA-Tencor Corp. 3,168  144 
* LAM Research Corp. 2,236  69 
  Novellus Systems, Inc. 2,299  61 
* Teradyne, Inc. 3,137  41 
* Varian Semiconductor Equipment Associates, Inc. 608  25 
  Cognex Corp. 706  18 
* Cymer, Inc. 630  18 
* Dionex Corp. 326  15 
* ATMI, Inc. 483  14 
* Photronics Inc. 475  11 
* Axcelis Technologies, Inc. 1,583  11 
* Brooks Automation, Inc. 680  10 
  MTS Systems Corp. 303  10 
* Credence Systems Corp. 1,081 
* Entegris Inc. 879 
* Mykrolis Corp. 608 
* FEI Co. 386 
* Electro Scientific Industries, Inc. 437 
* Ultratech, Inc. 338 
* Mattson Technology, Inc. 642 
* Kulicke & Soffa Industries, Inc. 855 
* Photon Dynamics, Inc. 247 
* LTX Corp. 917 
* Rudolph Technologies, Inc. 194 

    954 

   Retail (0.2%)
  CDW Corp. 1,093  64 
* Global Imaging Systems, Inc. 361  11 

       75 

   Scientific Equipment & Supplies (0.0%)
* Newport Corp. 618 

   Services—Commercial (0.6%)
  Sabre Holdings Corp. 2,194  44 
* Iron Mountain, Inc. 1,486  43 
* Convergys Corp. 2,360  32 
* Hewitt Associates, Inc. 687  17 
* MPS Group, Inc. 1,634  15 
* Gartner, Inc. Class B 1,494  15 
  MAXIMUS, Inc. 299  10 
* Cogent Inc. 224 
* Pegasus Solutions Inc. 353 
* Forrester Research, Inc. 224 
  Startek, Inc. 211 
* Autobytel Inc. 584 
* NetRatings, Inc. 161 

       196 

   Telecommunications Equipment (0.4%)
* Andrew Corp. 2,365  31 
  Plantronics, Inc. 804  28 
* Polycom, Inc. 1,573  27 
* Interdigital Communications Corp. 856  16 
  Belden CDT Inc. 732  15 
* Powerwave Technologies, Inc. 1,545  14 
* Arris Group Inc. 1,382  12 

       143 

   Utilities—Telecommunications (0.0%)
* Intrado Inc. 225 

   Wholesalers (0.1%)
* Tech Data Corp. 941  34 
* Brightpoint, Inc. 272 

       39 


  TOTAL INVESTMENTS
  (Cost $34,844)    33,180  

  OTHER ASSETS AND LIABILITIES—NET (-0.4%)    (129)

  NET ASSETS (100%)    $33,051 

  *Non-income-producing security.

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 May 31, 2005, the cost of investment securities for tax purposes was $34,844,000. Net unrealized depreciation of investment securities for tax purposes was $1,664,000, consisting of unrealized gains of $1,569,000 on securities that had risen in value since their purchase and $3,233,000 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 WORLD FUNDS

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

Date: July 14, 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 WORLD FUNDS

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

Date: July 14, 2005

VANGUARD WORLD FUNDS

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

Date: July 14, 2005

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