0001752724-24-049222.txt : 20240229 0001752724-24-049222.hdr.sgml : 20240229 20240229134632 ACCESSION NUMBER: 0001752724-24-049222 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 PERIOD START: 20240930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD CHESTER FUNDS CENTRAL INDEX KEY: 0000752177 ORGANIZATION NAME: IRS NUMBER: 232311358 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04098 FILM NUMBER: 24702345 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: P.O. BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD PRIMECAP FUND/ DATE OF NAME CHANGE: 20011121 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD/PRIMECAP FUND INC DATE OF NAME CHANGE: 19940608 FORMER COMPANY: FORMER CONFORMED NAME: PRIMECAP FUND INC DATE OF NAME CHANGE: 19920703 0000752177 S000002572 Vanguard Target Retirement 2025 Fund C000007075 Investor Shares VTTVX NPORT-P 1 primary_doc.xml NPORT-P false 0000752177 XXXXXXXX S000002572 C000007075 VANGUARD CHESTER FUNDS 811-04098 0000752177 54930034NOOD3YDKBZ64 100 Vanguard Boulevard Malvern 19355 610-669-1000 VANGUARD TARGET RETIREMENT 2025 FUND S000002572 0VFR5I6Y0CN9MU5JCZ52 2024-09-30 2023-12-31 N 76667859743.93 2623698.32 76665236045.61 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Vanguard Total Bond Market II Index Fund E3F24BZCDA1UXGFMYX67 VANG-TB II-INV 92203C105 2255074776.72100000 NS USD 21626167108.75000000 28.20857043456 Long EC CORP US N 1 N N N Vanguard Total International Stock Index Fund BF5U5YXM0ZHVXS3F8G71 VANG-TO INT-INV 921909602 889826280.16800000 NS USD 16559667073.93000000 21.59996880995 Long EC CORP US N 1 N N N N/A N/A US 10YR NOTE (CBT)Mar24 N/A 4417.00000000 NC USD 16659149.70000000 0.021729731178 N/A DIR N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long N/A CBOT 10 Year US Treasury Note 2024-03-19 481978740.93000000 USD 16659149.70000000 N N N Vanguard Total International Bond II Index Fund 549300ROYBGCYUJI4283 VANG-TTL INT-INS 92211J308 358179979.09700000 NS USD 9516842044.61000000 12.41350387149 Long EC CORP US N 1 N N N Vanguard Total Stock Market Index Fund HJ2RZRUQEVF2A5SPRB21 VANG-T ST M-INS+ 922908355 112090500.08500000 NS USD 24284406843.42000000 31.67590435510 Long EC CORP US N 1 N N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 Vanguard Market Liquidity Fund N/A 7536374.84200000 NS USD 753486756.70000000 0.982827152911 Long STIV CORP US N 1 N N N Vanguard Short-Term Inflation-Protected Securities Index Fund TX6CG4TTV0FTLWSYWI43 VANG-S/T INF-ADM 922020706 161491509.78600000 NS USD 3845112848.00000000 5.015458174174 Long EC CORP US N 1 N N N N/A N/A S&P500 EMINI FUT Mar24 N/A 1123.00000000 NC USD 8961178.17000000 0.011688711379 N/A DE N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long S&P 500 Index SPX 2024-03-15 261681821.83000000 USD 8961178.17000000 N N N 2024-02-27 VANGUARD CHESTER FUNDS Ashley Grim Ashley Grim Treasurer XXXX NPORT-EX 2 vg_targetretire2025.htm
Vanguard® Target Retirement 2025 Fund
Schedule of Investments (unaudited)
As of December 31, 2023
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)
Investment Companies (99.0%)
U.S. Stock Fund (31.7%)
  Vanguard Total Stock Market Index Fund Institutional Plus Shares   111,912,283 24,245,796
International Stock Fund (21.5%)
  Vanguard Total International Stock Index Fund Investor Shares   884,883,274 16,467,678
U.S. Bond Funds (33.4%)
1 Vanguard Total Bond Market II Index Fund Investor Shares 2,261,437,531 21,687,186
  Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares   161,491,510  3,845,113
            25,532,299
International Bond Fund (12.4%)
1 Vanguard Total International Bond II Index Fund Institutional Shares   358,179,979  9,516,842
Total Investment Companies (Cost $59,886,870) 75,762,615
Temporary Cash Investments (1.0%)
Money Market Fund (1.0%)
1 Vanguard Market Liquidity Fund, 5.435% (Cost $754,165) 7,543,894 754,238
Total Investments (100.0%) (Cost $60,641,035)   76,516,853
Other Assets and Liabilities—Net (0.0%)   (21,310)
Net Assets (100%)   76,495,543
Cost is in $000.
1 Affiliated fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown for Vanguard Market Liquidity Fund is the 7-day yield.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
10-Year U.S. Treasury Note March 2024 4,417 498,638 16,659
E-mini S&P 500 Index March 2024 1,123 270,643 8,961
        25,620
A. Security Valuation: Investments are valued at the net asset value of each underlying Vanguard fund determined as of the close of the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.
B. Futures Contracts: The fund uses stock and bond futures contracts to a limited extent, with the objectives of maintaining full exposure to the market and maintaining its target asset allocation. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of investments 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).
C.   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.
At December 31, 2023, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.
D.  Transactions during the period in affiliated underlying Vanguard funds were as follows:
    Current Period Transactions  
  Sep. 30, 2023
Market Value
($000) 		Purchases
at Cost
($000) 		Proceeds
from
Securities
Sold
($000) 		Realized
Net Gain
(Loss)
($000) 		Change in
Unrealized
App. (Dep.)
($000) 		Income
($000) 		Capital Gain
Distributions
Received
($000) 		Dec. 31, 2023
Market Value
($000)
Vanguard Market Liquidity Fund 850,233 NA1 NA1 17 (89) 10,133 5 754,238
Vanguard Short-Term Inflation-Protected Securities Index Fund 3,472,304 345,430 11,021 113 38,287 50,803 — 3,845,113
Vanguard Total Bond Market II Index Fund 20,404,221 177,730 67,353 (22) 1,172,610 177,734 — 21,687,186
Vanguard Total International Bond II Index Fund 9,039,251 276,709 102,033 (7,451) 310,366 277,006 — 9,516,842
Vanguard Total International Stock Index Fund 15,529,970 236,242 575,836 15,770 1,261,532 236,242 — 16,467,678
Vanguard Total Stock Market Index Fund 22,888,304 102,861 1,341,202 560,878 2,034,955 102,862 — 24,245,796
Total 72,184,283 1,138,972 2,097,445 569,305 4,817,661 854,780 5 76,516,853
1 Not applicable—purchases and sales are for temporary cash investment purposes.