0001752724-21-162141.txt : 20210730 0001752724-21-162141.hdr.sgml : 20210730 20210730125759 ACCESSION NUMBER: 0001752724-21-162141 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210531 FILED AS OF DATE: 20210730 PERIOD START: 20210831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD WORLD FUND CENTRAL INDEX KEY: 0000052848 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: 211131468 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 COMPANY: FORMER CONFORMED NAME: IVEST FUND INC DATE 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0.010661619209 Long EC CORP US N 1 N N N Plug Power Inc 549300JPDKRSJ8JSM954 PLUG POWER INC 72919P202 705841.00000000 NS USD 21669318.70000000 0.361352948128 Long EC CORP US N 1 N N N Hawaiian Holdings Inc 529900TQUS2JVPSSPP86 HAWAIIAN HOLDING 419879101 68083.00000000 NS USD 1756541.40000000 0.029291710652 Long EC CORP US N 1 N N N Powell Industries Inc 549300V08RO7MX2UBN26 POWELL INDS INC 739128106 11.00000000 NS USD 377.96000000 0.000006302780 Long EC CORP US N 1 N N N Exponent Inc 529900NY3F5Q2NWPUZ42 EXPONENT INC 30214U102 72515.00000000 NS USD 6615543.45000000 0.110319395003 Long EC CORP US N 1 N N N Ennis Inc N/A ENNIS INC 293389102 40049.00000000 NS USD 839427.04000000 0.013998106716 Long EC CORP US N 1 N N N Trinity Industries Inc R1JB4KXN77XFCXOQKV49 TRINITY INDUSTRI 896522109 116920.00000000 NS USD 3248037.60000000 0.054163583942 Long EC CORP US N 1 N N N Maxar Technologies Inc 549300OEN2G821MIJ922 MAXAR TECHNOLOGI 57778K105 100190.00000000 NS USD 3115909.00000000 0.051960235521 Long EC CORP US N 1 N N N Construction Partners Inc 549300G4ICXJKQN32X70 CONSTRUCTION P-A 21044C107 40639.00000000 NS USD 1308982.19000000 0.021828308492 Long EC CORP US N 1 N N N Marten Transport Ltd N/A MARTEN TRANSPORT 573075108 87130.00000000 NS USD 1486437.80000000 0.024787520488 Long EC CORP US N 1 N N N Park Aerospace Corp 5299004AG0G7IB636095 PARK AEROSPACE C 70014A104 22.00000000 NS USD 339.24000000 0.000005657094 Long EC CORP US N 1 N N N Curtiss-Wright Corp TEL51ETZWP7D0ZM4X325 CURTISS-WRIGHT 231561101 57505.00000000 NS USD 7206526.60000000 0.120174504271 Long EC CORP US N 1 N N N American Airlines Group Inc N/A AMERICAN AIRLINE 02376R102 898545.00000000 NS USD 21780730.80000000 0.363210832603 Long EC CORP US N 1 N N N Interface Inc 549300VXZWQOIDFPU355 INTERFACE INC 458665304 82418.00000000 NS USD 1346710.12000000 0.022457451425 Long EC CORP US N 1 N N N JB Hunt Transport Services Inc 549300XCD1MPI1C5GK90 HUNT (JB) TRANS 445658107 118787.00000000 NS USD 20376721.98000000 0.339797880247 Long EC CORP US N 1 N N N Herc Holdings Inc 549300TP80QLITMSBP82 HERC HOLDINGS IN 42704L104 28904.00000000 NS USD 3324538.08000000 0.055439289670 Long EC CORP US N 1 N N N Quad/Graphics Inc W2D68G5NJH4X0NW8PT65 QUAD GRAPHICS IN 747301109 41.00000000 NS USD 135.71000000 0.000002263071 Long EC CORP US N 1 N N N US Xpress Enterprises Inc 549300NXY19K1OZN4915 US XPRESS ENTE-A 90338N202 35736.00000000 NS USD 401672.64000000 0.006698207482 Long EC CORP US N 1 N N N Matson Inc 549300OI5H3Y0I9I4I12 MATSON INC 57686G105 60503.00000000 NS USD 3911518.95000000 0.065227657768 Long EC CORP US N 1 N N N Rockwell Automation Inc VH3R4HHBHH12O0EXZJ88 ROCKWELL AUTOMAT 773903109 163390.00000000 NS USD 43089210.80000000 0.718546511345 Long EC CORP US N 1 N N N Columbus McKinnon Corp/NY 549300W3HQB0HO1F3G69 COLUMBUS MCKI/NY 199333105 38896.00000000 NS USD 1972027.20000000 0.032885106005 Long EC CORP US N 1 N N N Kadant Inc 549300K06LNJYBMPYP15 KADANT INC 48282T104 16167.00000000 NS USD 2716379.34000000 0.045297763918 Long EC CORP US N 1 N N N Barnes Group Inc G1MSYD2DQZX30V5DMX12 BARNES GROUP INC 067806109 67584.00000000 NS USD 3610337.28000000 0.060205216321 Long EC CORP US N 1 N N N Republic Services Inc NKNQHM6BLECKVOQP7O46 REPUBLIC SVCS 760759100 313587.00000000 NS USD 34237428.66000000 0.570936075744 Long EC CORP US N 1 N N N ACCO Brands Corp JCT8P4Y190IH4I1NX328 ACCO BRANDS CORP 00081T108 133958.00000000 NS USD 1220357.38000000 0.020350420017 Long EC CORP US N 1 N N N ITT Corp YB2O5TUONPB3W1X7WJ88 ITT INC 45073V108 121503.00000000 NS USD 11409131.70000000 0.190256252744 Long EC CORP US N 1 N N N Spirit Airlines Inc 549300DCAFIXFNFR3304 SPIRIT AIRLINES 848577102 152247.00000000 NS USD 5436740.37000000 0.090661925652 Long EC CORP US N 1 N N N 2021-07-28 VANGUARD WORLD FUND Christine M. Buchanan Christine M. Buchanan Treasurer XXXX NPORT-EX 2 vgindustrialsindexfund.htm
Vanguard® Industrials Index Fund
Schedule of Investments (unaudited)
As of May 31, 2021
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 (99.9%)
Aerospace & Defense (15.9%)
* Boeing Co. 779,431 192,535
  Raytheon Technologies Corp. 2,137,665 189,632
  Lockheed Martin Corp. 354,560 135,513
  Northrop Grumman Corp. 222,823 81,524
  General Dynamics Corp. 342,388 65,023
  L3Harris Technologies Inc. 271,662 59,239
* TransDigm Group Inc. 73,161 47,470
* Teledyne Technologies Inc. 65,199 27,349
  Textron Inc. 318,122 21,782
* Howmet Aerospace Inc. 548,641 19,466
  HEICO Corp. Class A 102,603 13,591
* Axon Enterprise Inc. 89,344 12,561
  Huntington Ingalls Industries Inc. 56,680 12,255
  HEICO Corp. 60,924 8,557
  BWX Technologies Inc. 133,554 8,352
  Spirit AeroSystems Holdings Inc. Class A 148,383 7,302
  Curtiss-Wright Corp. 57,553 7,213
* Hexcel Corp. 117,602 6,993
*,1 Virgin Galactic Holdings Inc. 181,207 5,659
* Mercury Systems Inc. 78,931 5,166
  Aerojet Rocketdyne Holdings Inc. 92,650 4,489
* Kratos Defense & Security Solutions Inc. 173,578 4,341
  Moog Inc. Class A 41,274 3,723
* AeroVironment Inc. 32,195 3,529
  Maxar Technologies Inc. 100,274 3,118
* AAR Corp. 47,424 1,980
  Kaman Corp. 35,081 1,888
* Triumph Group Inc. 77,302 1,486
* Parsons Corp. 36,074 1,429
* Vectrus Inc. 16,322 833
* Ducommun Inc. 14,881 800
  National Presto Industries Inc. 7,405 751
* PAE Inc. 89,655 728
* Astronics Corp. 33,314 565
  Cubic Corp. 38 3
  Park Aerospace Corp. 22 —
      956,845
Air Freight & Logistics (6.8%)
  United Parcel Service Inc. Class B 1,012,179 217,214
  FedEx Corp. 354,414 111,573
  Expeditors International of Washington Inc. 238,120 29,929
  CH Robinson Worldwide Inc. 188,133 18,253
    Shares Market
Value
($000)
* XPO Logistics Inc. 122,141 17,946
  Forward Air Corp. 38,678 3,748
* Hub Group Inc. Class A 47,170 3,293
* Atlas Air Worldwide Holdings Inc. 40,483 3,033
* Air Transport Services Group Inc. 83,752 2,080
* Echo Global Logistics Inc. 37,194 1,271
* Radiant Logistics Inc. 44 —
      408,340
Airlines (3.0%)
* Southwest Airlines Co. 832,565 51,170
* Delta Air Lines Inc. 897,173 42,777
* United Airlines Holdings Inc. 438,401 25,581
* American Airlines Group Inc. 899,297 21,799
* Alaska Air Group Inc. 174,647 12,086
* JetBlue Airways Corp. 441,538 8,875
* Spirit Airlines Inc. 152,374 5,441
* Allegiant Travel Co. 19,585 4,337
* SkyWest Inc. 70,777 3,470
* Hawaiian Holdings Inc. 68,140 1,758
      177,294
Building Products (6.4%)
  Johnson Controls International plc 1,013,758 67,456
  Trane Technologies plc 335,546 62,546
  Carrier Global Corp. 1,162,488 53,393
  Masco Corp. 361,520 21,803
  Fortune Brands Home & Security Inc. 194,954 20,111
  Allegion plc 127,563 17,920
  Lennox International Inc. 47,746 16,708
* Trex Co. Inc. 162,801 15,858
  Owens Corning 147,513 15,732
  A O Smith Corp. 190,853 13,564
* Builders FirstSource Inc. 273,968 12,203
  Advanced Drainage Systems Inc. 74,733 8,476
  Armstrong World Industries Inc. 67,187 7,145
  Simpson Manufacturing Co. Inc. 61,056 6,858
  UFP Industries Inc. 86,021 6,840
* Resideo Technologies Inc. 191,171 5,716
* AZEK Co. Inc. Class A 130,537 5,682
* Masonite International Corp. 32,636 3,902
  AAON Inc. 58,813 3,896
* Gibraltar Industries Inc. 45,792 3,638
* JELD-WEN Holding Inc. 99,232 2,780
  CSW Industrials Inc. 20,808 2,535
* American Woodmark Corp. 23,902 2,078
* PGT Innovations Inc. 82,841 2,001
  Griffon Corp. 67,503 1,775
  Apogee Enterprises Inc. 36,567 1,390
  Quanex Building Products Corp. 46,440 1,237
* Cornerstone Building Brands Inc. 70,977 1,204
  Insteel Industries Inc. 27,152 949
      385,396
Commercial Services & Supplies (6.2%)
  Waste Management Inc. 595,327 83,751
  Cintas Corp. 133,127 47,066
  Waste Connections Inc. 368,677 44,772
* Copart Inc. 299,481 38,636
  Republic Services Inc. Class A 313,850 34,266
    Shares Market
Value
($000)
* IAA Inc. 189,172 10,777
  Rollins Inc. 311,376 10,615
* Stericycle Inc. 128,800 10,119
  Tetra Tech Inc. 76,241 9,109
  MSA Safety Inc. 52,213 8,775
* Clean Harbors Inc. 73,191 6,814
  Brink's Co. 69,501 5,241
* Casella Waste Systems Inc. Class A 70,451 4,750
  UniFirst Corp. 21,393 4,742
  ABM Industries Inc. 94,309 4,705
  Herman Miller Inc. 82,923 3,964
  Brady Corp. Class A 68,177 3,902
* KAR Auction Services Inc. 182,346 3,271
  Healthcare Services Group Inc. 105,054 3,151
  HNI Corp. 60,059 2,740
  Deluxe Corp. 59,091 2,692
* Harsco Corp. 110,968 2,488
  Covanta Holding Corp. 167,017 2,474
* Cimpress plc 23,767 2,360
  ADT Inc. 213,176 2,204
  Pitney Bowes Inc. 243,609 2,041
  Knoll Inc. 67,703 1,760
* U.S. Ecology Inc. 44,311 1,756
  Matthews International Corp. Class A 44,536 1,740
  Steelcase Inc. Class A 117,776 1,704
* Montrose Environmental Group Inc. 30,092 1,509
  Interface Inc. Class A 82,487 1,348
* CoreCivic Inc. 167,567 1,312
* Viad Corp. 28,436 1,255
  ACCO Brands Corp. 134,069 1,221
* SP Plus Corp. 32,519 1,063
* BrightView Holdings Inc. 59,123 1,026
  Ennis Inc. 40,080 840
  VSE Corp. 15,148 721
  Kimball International Inc. Class B 52,344 697
* Heritage-Crystal Clean Inc. 21,571 664
* Team Inc. 2,934 25
* Quad/Graphics Inc. 41 —
      374,066
Construction & Engineering (1.7%)
  Quanta Services Inc. 196,232 18,711
* AECOM 197,306 12,827
  EMCOR Group Inc. 77,041 9,716
* MasTec Inc. 83,464 9,709
  Valmont Industries Inc. 29,827 7,397
* WillScot Mobile Mini Holdings Corp. 240,505 6,975
  Arcosa Inc. 67,734 4,301
  Comfort Systems USA Inc. 50,872 4,217
*,2 API Group Corp. 196,801 4,162
* Fluor Corp. 197,824 3,660
* Dycom Industries Inc. 44,867 3,361
  Granite Construction Inc. 64,222 2,592
  Primoris Services Corp. 69,097 2,197
* MYR Group Inc. 23,517 2,047
* Ameresco Inc. Class A 33,590 1,806
* NV5 Global Inc. 17,635 1,611
* Great Lakes Dredge & Dock Corp. 91,887 1,342
* Construction Partners Inc. Class A 40,673 1,310
    Shares Market
Value
($000)
  Argan Inc. 22,063 1,083
* Tutor Perini Corp. 64,407 997
* Sterling Construction Co. Inc. 39,419 887
* IES Holdings Inc. 13,130 697
* Matrix Service Co. 32 —
      101,605
Electrical Equipment (6.8%)
  Eaton Corp. plc 560,236 81,374
  Emerson Electric Co. 844,369 80,798
  AMETEK Inc. 324,587 43,852
  Rockwell Automation Inc. 163,527 43,125
* Generac Holdings Inc. 88,375 29,051
* Plug Power Inc. 706,432 21,687
  Hubbell Inc. Class B 76,338 14,553
* Sensata Technologies Holding plc 221,635 13,172
* Sunrun Inc. 242,021 10,823
  Acuity Brands Inc. 50,650 9,408
  Vertiv Holdings Co. Class A 360,622 8,951
  Regal Beloit Corp. 57,089 8,120
  nVent Electric plc 236,434 7,693
  EnerSys 60,013 5,656
* Atkore Inc. 65,549 5,060
* Bloom Energy Corp. Class A 202,469 4,894
* FuelCell Energy Inc. 452,911 4,448
  GrafTech International Ltd. 244,173 3,243
* Vicor Corp. 31,018 2,794
* Array Technologies Inc. 160,565 2,617
* TPI Composites Inc. 51,397 2,482
  Encore Wire Corp. 28,975 2,382
  AZZ Inc. 35,661 1,907
* Romeo Power Inc. 124,829 1,058
* Thermon Group Holdings Inc. 46,855 817
  Allied Motion Technologies Inc. 16,318 578
* Eos Energy Enterprises Inc. 21,842 443
  Powell Industries Inc. 11 —
      410,986
Industrial Conglomerates (10.8%)
  Honeywell International Inc. 978,310 225,901
  General Electric Co. 12,337,828 173,470
  3M Co. 814,425 165,361
  Roper Technologies Inc. 147,679 66,457
  Carlisle Cos. Inc. 74,921 14,409
  Raven Industries Inc. 50,405 2,224
      647,822
Machinery (20.3%)
  Caterpillar Inc. 767,074 184,926
  Deere & Co. 418,970 151,290
  Illinois Tool Works Inc. 445,178 103,174
  Parker-Hannifin Corp. 181,690 55,988
  Cummins Inc. 207,820 53,468
  Stanley Black & Decker Inc. 226,469 49,098
  Otis Worldwide Corp. 579,959 45,428
  PACCAR Inc. 488,395 44,717
  Fortive Corp. 452,089 32,785
  Dover Corp. 202,345 30,453
  Xylem Inc. 254,121 30,017
* Ingersoll Rand Inc. 529,650 26,292
    Shares Market
Value
($000)
  IDEX Corp. 106,956 23,815
  Westinghouse Air Brake Technologies Corp. 253,121 20,948
  Snap-on Inc. 76,199 19,402
  Graco Inc. 237,260 17,965
  Toro Co. 151,866 16,871
  Nordson Corp. 73,529 16,301
  Pentair plc 233,464 16,102
* Middleby Corp. 78,182 12,844
  Oshkosh Corp. 96,139 12,636
  AGCO Corp. 89,503 12,385
  ITT Inc. 121,605 11,419
  Donaldson Co. Inc. 177,474 10,931
  Woodward Inc. 84,198 10,708
  Lincoln Electric Holdings Inc. 79,682 10,246
  Timken Co. 95,796 8,473
  Rexnord Corp. 168,133 8,402
  Flowserve Corp. 183,153 7,764
* Colfax Corp. 167,704 7,413
* Chart Industries Inc. 50,696 7,399
* RBC Bearings Inc. 35,344 6,920
  Allison Transmission Holdings Inc. 156,219 6,610
  John Bean Technologies Corp. 44,608 6,425
  Crane Co. 65,414 6,246
  Altra Industrial Motion Corp. 90,978 5,976
  Watts Water Technologies Inc. Class A 38,617 5,248
* Evoqua Water Technologies Corp. 168,215 5,235
  Terex Corp. 97,566 5,110
  Hillenbrand Inc. 105,504 4,811
* Welbilt Inc. 189,003 4,670
  Franklin Electric Co. Inc. 55,243 4,634
  Kennametal Inc. 111,571 4,185
  SPX FLOW Inc. 59,256 4,067
* SPX Corp. 62,958 3,943
  Albany International Corp. Class A 43,160 3,856
  Federal Signal Corp. 85,106 3,615
  Barnes Group Inc. 67,641 3,613
* Proto Labs Inc. 38,806 3,469
  ESCO Technologies Inc. 36,604 3,464
  Mueller Industries Inc. 72,250 3,355
*,1 Nikola Corp. 220,388 3,297
  Trinity Industries Inc. 117,018 3,251
  Mueller Water Products Inc. Class A 222,714 3,223
* Navistar International Corp. 70,028 3,097
  Helios Technologies Inc. 42,888 3,047
  Kadant Inc. 16,181 2,719
* Meritor Inc. 101,968 2,651
  EnPro Industries Inc. 27,421 2,522
  Lindsay Corp. 15,274 2,515
  Enerpac Tool Group Corp. Class A 84,169 2,306
  Alamo Group Inc. 14,202 2,190
  Tennant Co. 26,031 2,154
  Astec Industries Inc. 30,192 2,069
  Greenbrier Cos. Inc. 46,141 2,049
* Desktop Metal Inc. Class A 154,533 2,041
  Columbus McKinnon Corp. 38,929 1,974
* TriMas Corp. 60,475 1,961
  Shyft Group Inc. 44,555 1,737
  Standex International Corp. 17,305 1,724
    Shares Market
Value
($000)
* Gates Industrial Corp. plc 81,773 1,485
  Douglas Dynamics Inc. 32,320 1,417
* Hyliion Holdings Corp. 131,541 1,382
* Manitowoc Co. Inc. 48,377 1,249
  Wabash National Corp. 73,174 1,167
* CIRCOR International Inc. 28,113 1,058
  Gorman-Rupp Co. 29,364 1,057
* Hydrofarm Holdings Group Inc. 16,645 1,037
* Energy Recovery Inc. 51,277 975
  Luxfer Holdings plc 40,768 932
* Lydall Inc. 22,597 822
* REV Group Inc. 40,764 763
  Hyster-Yale Materials Handling Inc. 10,021 757
* Titan International Inc. 78,107 726
  Miller Industries Inc. 16,288 682
* Blue Bird Corp. 22,870 598
* NN Inc. 46 —
  Park-Ohio Holdings Corp. 9 —
      1,217,746
Marine (0.2%)
* Kirby Corp. 84,461 5,518
  Matson Inc. 60,554 3,915
  Genco Shipping & Trading Ltd. 38,186 603
* Eagle Bulk Shipping Inc. 7,683 364
      10,400
Professional Services (7.0%)
  IHS Markit Ltd. 530,229 55,838
* CoStar Group Inc. 55,482 47,382
  Equifax Inc. 171,231 40,246
  Verisk Analytics Inc. Class A 217,752 37,634
  TransUnion 268,637 28,744
  Jacobs Engineering Group Inc. 182,874 25,983
  Leidos Holdings Inc. 189,506 19,472
  Booz Allen Hamilton Holding Corp. Class A 193,592 16,442
  Robert Half International Inc. 159,028 14,120
* Clarivate plc 469,773 14,112
  Nielsen Holdings plc 477,841 13,002
  ManpowerGroup Inc. 77,309 9,354
* CACI International Inc. Class A 35,470 9,044
  KBR Inc. 197,994 8,066
  CoreLogic Inc. 97,706 7,768
* ASGN Inc. 74,362 7,666
* Upwork Inc. 158,069 7,440
  Science Applications International Corp. 81,844 7,355
  Exponent Inc. 72,576 6,621
* FTI Consulting Inc. 48,138 6,621
  Korn Ferry 75,903 4,965
  Insperity Inc. 51,028 4,704
* TriNet Group Inc. 55,660 4,194
* Dun & Bradstreet Holdings Inc. 181,086 3,888
  ManTech International Corp. Class A 38,388 3,340
  ICF International Inc. 26,508 2,330
* CBIZ Inc. 68,424 2,272
* Huron Consulting Group Inc. 32,000 1,751
  Kforce Inc. 27,766 1,741
* TrueBlue Inc. 50,141 1,360
* Kelly Services Inc. Class A 48,333 1,241
    Shares Market
Value
($000)
  Heidrick & Struggles International Inc. 27,374 1,178
  CRA International Inc. 10,808 885
  Barrett Business Services Inc. 10,756 801
* Forrester Research Inc. 16,205 695
  Resources Connection Inc. 43,845 639
* Willdan Group Inc. 17,248 627
* Rekor Systems Inc. 42,987 483
* Mistras Group Inc. 21 —
      420,004
Road & Rail (11.4%)
  Union Pacific Corp. 942,220 211,745
  CSX Corp. 1,072,641 107,393
  Norfolk Southern Corp. 354,372 99,543
* Uber Technologies Inc. 1,693,775 86,095
  Kansas City Southern 127,724 38,021
  Old Dominion Freight Line Inc. 140,015 37,167
* Lyft Inc. Class A 359,838 20,543
  JB Hunt Transport Services Inc. 118,886 20,394
  Knight-Swift Transportation Holdings Inc. 221,205 10,558
  Landstar System Inc. 53,966 9,201
* Saia Inc. 37,015 8,519
  AMERCO 13,784 7,926
* Avis Budget Group Inc. 73,647 6,468
  Ryder System Inc. 75,489 6,174
  Werner Enterprises Inc. 86,054 4,130
  ArcBest Corp. 35,689 2,778
*,1 TuSimple Holdings Inc. Class A 52,916 2,029
  Schneider National Inc. Class B 79,541 1,948
  Marten Transport Ltd. 87,203 1,488
  Heartland Express Inc. 73,083 1,326
* Daseke Inc. 64,189 465
* U.S. Xpress Enterprises Inc. Class A 35,766 402
  Universal Logistics Holdings Inc. 11,344 284
* Covenant Logistics Group Inc. Class A 14 —
      684,597
Trading Companies & Distributors (3.3%)
  Fastenal Co. 808,504 42,883
* United Rentals Inc. 101,762 33,984
  WW Grainger Inc. 62,714 28,984
  Watsco Inc. 46,208 13,465
* SiteOne Landscape Supply Inc. 62,250 10,710
  Air Lease Corp. Class A 152,079 7,157
* WESCO International Inc. 63,351 6,751
* Univar Solutions Inc. 238,121 6,451
  MSC Industrial Direct Co. Inc. Class A 65,672 6,199
  Applied Industrial Technologies Inc. 54,586 5,347
  Triton International Ltd. 94,544 5,129
  GATX Corp. 46,869 4,624
* Beacon Roofing Supply Inc. 78,050 4,421
  Boise Cascade Co. 55,105 3,636
* Herc Holdings Inc. 28,928 3,327
  McGrath RentCorp. 33,914 2,907
  Rush Enterprises Inc. Class A 60,094 2,873
* GMS Inc. 53,997 2,473
  H&E Equipment Services Inc. 45,679 1,708
* NOW Inc. 155,579 1,629
* Veritiv Corp. 21,328 1,310
    Shares Market
Value
($000)
* MRC Global Inc. 109,659 1,178
  CAI International Inc. 23,452 1,007
* Titan Machinery Inc. 26,931 826
* DXP Enterprises Inc. 23,456 725
  Systemax Inc. 18,644 640
* EVI Industries Inc. 1,207 36
      200,380
Transportation Infrastructure (0.1%)
  Macquarie Infrastructure Corp. 104,448 3,643
Total Common Stocks (Cost $4,620,849) 5,999,124
Temporary Cash Investments (0.2%)
Money Market Fund (0.2%)
3,4 Vanguard Market Liquidity Fund, 0.055% (Cost $9,804) 98,046 9,804
Total Investments (100.1%) (Cost $4,630,653) 6,008,928
Other Assets and Liabilities—Net (-0.1%) (6,232)
Net Assets (100.0%) 6,002,696
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 $9,468,000.
2 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2021, the aggregate value was $4,162,000, representing 0.1% of net assets.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
4 Collateral of $9,805,000 was received for securities on loan, of which $9,804,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash.
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)
L3Harris Technologies Inc. 8/31/21 BOANA 5,233 (0.107) 24 —
1 Based on 1M USD London Interbank Offered Rate (LIBOR) as of the most recent payment date. Floating interest payment received/paid monthly.
  1M—1-month.
  BOANA—Bank of America, N.A.
At May 31, 2021, the counterparties had deposited in segregated accounts cash of $510,000 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 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.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
The fund had no open futures contracts at May 31, 2021.
C.  Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks 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.
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.
D.  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, 2021, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments        
Assets        
Common Stocks 5,999,124 — — 5,999,124
Temporary Cash Investments 9,804 — — 9,804
Total 6,008,928 — — 6,008,928
Derivative Financial Instruments
Assets        
Swap Contracts — 24 — 24