NPORT-EX 2 vg_spsm-cap600growthindex.htm
Vanguard® S&P Small-Cap 600 Growth Index Fund
Schedule of Investments (unaudited)
As of November 30, 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 (100.0%)
Communication Services (1.3%)
* TechTarget Inc.  30,220   2,920
  Cogent Communications Holdings Inc.  31,856   2,387
  Shenandoah Telecommunications Co.  38,833     986
* QuinStreet Inc.  58,748     899
* Thryv Holdings Inc.  10,866     425
            7,617
Consumer Discretionary (12.7%)
* Meritage Homes Corp.  44,895   5,067
  LCI Industries  30,144   4,590
* Dorman Products Inc.  34,167   3,792
* LGI Homes Inc.  25,832   3,711
  Installed Building Products Inc.  27,979   3,612
* Shake Shack Inc. Class A 46,668 3,406
  Shutterstock Inc. 27,946 3,186
  Rent-A-Center Inc. 72,119 3,185
* Vista Outdoor Inc. 68,412 2,988
* Boot Barn Holdings Inc. 21,121 2,584
* iRobot Corp. 33,441 2,538
  Century Communities Inc. 35,418 2,517
* Sleep Number Corp. 28,150 2,246
* Gentherm Inc. 26,075 2,202
  Patrick Industries Inc. 26,796 2,138
  MDC Holdings Inc. 39,720 1,900
  Big Lots Inc. 41,262 1,790
* Cavco Industries Inc. 5,921 1,761
  Steven Madden Ltd. 35,776 1,698
  Winnebago Industries Inc. 20,476 1,479
* Dine Brands Global Inc. 20,529 1,474
  Hibbett Inc. 17,916 1,397
  Kontoor Brands Inc. 25,740 1,388
* MarineMax Inc. 25,983 1,384
  Wolverine World Wide Inc. 37,345 1,163
* Brinker International Inc. 29,529 1,022
  Sturm Ruger & Co. Inc. 13,052 936
* Tupperware Brands Corp. 59,618 932
  La-Z-Boy Inc. 27,468 917
* Cheesecake Factory Inc. 20,232 775
  Buckle Inc. 14,389 677
* Zumiez Inc. 14,667 671
  PetMed Express Inc. 24,311 665
* Monarch Casino & Resort Inc. 7,942 535

          Shares Market
Value
($000)
* Lumber Liquidators Holdings Inc.  34,757     533
* America's Car-Mart Inc.   4,825     474
* Liquidity Services Inc.  20,844     473
* WW International Inc.  24,568     413
* Fossil Group Inc.  30,397     363
* Perdoceo Education Corp.  36,580     360
  Haverty Furniture Cos. Inc.   8,180     245
* Ruth's Hospitality Group Inc.  14,114     240
* Universal Electronics Inc.   6,558     237
* American Public Education Inc.  12,419     235
* El Pollo Loco Holdings Inc.  11,982     151
            74,050
Consumer Staples (4.7%)
  WD-40 Co.  16,346   3,667
* Celsius Holdings Inc. 45,286 3,098
  Medifast Inc. 13,987 2,878
1 B&G Foods Inc. 77,257 2,328
* United Natural Foods Inc. 35,563 1,768
* Simply Good Foods Co. 45,153 1,669
  National Beverage Corp. 27,867 1,447
  Coca-Cola Consolidated Inc. 2,379 1,357
* Central Garden & Pet Co. Class A 29,327 1,271
  Vector Group Ltd. 77,903 1,211
  J & J Snack Foods Corp. 7,648 1,044
  Cal-Maine Foods Inc. 26,391 952
* USANA Health Sciences Inc. 9,143 912
  PriceSmart Inc. 12,571 902
* elf Beauty Inc. 29,511 889
  Inter Parfums Inc. 9,289 816
  MGP Ingredients Inc. 7,885 615
  Calavo Growers Inc. 8,602 349
* Central Garden & Pet Co. 7,052 340
            27,513
Energy (2.6%)
* Range Resources Corp. 176,607 3,454
  Civitas Resources Inc. 58,729 3,002
* Renewable Energy Group Inc. 59,905 2,862
  Matador Resources Co. 56,350 2,213
* Southwestern Energy Co. 459,933 2,061
* DMC Global Inc. 22,386 817
  Core Laboratories NV 22,087 506
  Dorian LPG Ltd. 18,794 231
            15,146
Financials (11.8%)
* Trupanion Inc. 40,780 5,029
  Walker & Dunlop Inc. 34,909 4,911
  ServisFirst Bancshares Inc. 58,171 4,676
* Mr Cooper Group Inc. 102,760 4,035
* Axos Financial Inc. 63,651 3,603
* Triumph Bancorp Inc. 28,149 3,585
  Virtus Investment Partners Inc. 8,574 2,550
* Green Dot Corp. Class A 65,134 2,338
* PRA Group Inc. 54,641 2,320
  Community Bank System Inc. 30,199 2,134
  Brightsphere Investment Group Inc. 70,943 2,130
* Palomar Holdings Inc. 28,724 2,099
* NMI Holdings Inc. Class A 102,118 2,002

          Shares Market
Value
($000)
  Flagstar Bancorp Inc.  37,776   1,758
  Piper Sandler Cos.  10,586   1,755
  Independent Bank Corp. (Massachusetts)  20,418   1,614
* LendingTree Inc.  13,683   1,551
  Meta Financial Group Inc.  21,357   1,277
  Park National Corp.   9,559   1,244
  CVB Financial Corp.  62,610   1,196
* StoneX Group Inc.  20,128   1,131
  B. Riley Financial Inc.  12,955   1,003
* Bancorp Inc.  35,447   1,002
  National Bank Holdings Corp. Class A  23,087     984
* Selectquote Inc.  99,409     895
  Lakeland Financial Corp.  12,641     893
  Hilltop Holdings Inc.  26,027     886
  HCI Group Inc. 7,885 870
  Westamerica Bancorp 14,714 791
  Great Western Bancorp Inc. 22,391 751
* Donnelley Financial Solutions Inc. 15,467 723
  BancFirst Corp. 11,095 706
  Two Harbors Investment Corp. 119,504 703
* World Acceptance Corp. 3,416 702
  City Holding Co. 8,435 662
  Redwood Trust Inc. 50,067 642
* eHealth Inc. 28,162 622
  Berkshire Hills Bancorp Inc. 18,578 496
  James River Group Holdings Ltd. 17,755 469
  AMERISAFE Inc. 8,601 457
* Blucora Inc. 25,421 412
  Invesco Mortgage Capital Inc. 127,148 381
  WisdomTree Investments Inc. 54,221 333
* Ambac Financial Group Inc. 18,639 278
  Greenhill & Co. Inc. 10,216 174
            68,773
Health Care (18.0%)
* Omnicell Inc. 51,830 9,174
* NeoGenomics Inc. 146,436 5,017
  Ensign Group Inc. 62,457 4,767
* AMN Healthcare Services Inc. 35,503 4,048
* Cytokinetics Inc. 99,578 3,917
* Merit Medical Systems Inc. 60,369 3,795
* Pacira BioSciences Inc. 53,002 2,789
* Apollo Medical Holdings Inc. 28,262 2,647
* Corcept Therapeutics Inc. 124,381 2,612
  CONMED Corp. 19,463 2,559
* Xencor Inc. 69,526 2,518
* Emergent BioSolutions Inc. 56,970 2,514
* Allscripts Healthcare Solutions Inc. 149,037 2,478
* Fulgent Genetics Inc. 22,866 2,138
* Vericel Corp. 55,562 2,067
* Heska Corp. 12,683 2,041
* ModivCare Inc. 14,672 2,011
  Mesa Laboratories Inc. 6,197 1,914
* Supernus Pharmaceuticals Inc. 63,307 1,897
  Owens & Minor Inc. 46,748 1,870
* Community Health Systems Inc. 147,876 1,779
  Select Medical Holdings Corp. 64,577 1,734
* Avanos Medical Inc. 57,311 1,729
* Ligand Pharmaceuticals Inc. 10,324 1,672

          Shares Market
Value
($000)
* Addus HomeCare Corp.  18,954   1,653
* Glaukos Corp.  35,604   1,532
* REGENXBIO Inc.  44,797   1,434
* Coherus Biosciences Inc.  75,858   1,409
* Joint Corp.  17,176   1,373
* OptimizeRx Corp.  21,052   1,368
* CorVel Corp.   7,219   1,357
* Covetrus Inc.  73,997   1,330
* BioLife Solutions Inc.  34,746   1,326
* Avid Bioservices Inc.  42,342   1,294
* Integer Holdings Corp.  15,771   1,258
* Innoviva Inc.  74,729   1,249
  LeMaitre Vascular Inc.  22,932   1,073
* Meridian Bioscience Inc.  51,624   1,028
* MEDNAX Inc. 40,264 989
* Endo International plc 169,612 950
  Simulations Plus Inc. 18,767 882
* Tivity Health Inc. 34,710 827
* Enanta Pharmaceuticals Inc. 9,032 797
* Collegium Pharmaceutical Inc. 42,298 744
  US Physical Therapy Inc. 8,482 729
* RadNet Inc. 25,734 694
* Pennant Group Inc. 32,198 655
* Harmony Biosciences Holdings Inc. 17,187 586
* Amphastar Pharmaceuticals Inc. 28,727 562
* Vanda Pharmaceuticals Inc. 33,917 549
* OraSure Technologies Inc. 54,930 513
* NextGen Healthcare Inc. 31,753 492
* Cardiovascular Systems Inc. 24,555 491
* Organogenesis Holdings Inc. Class A 47,431 477
* uniQure NV 16,751 467
* Surmodics Inc. 10,585 465
* Tactile Systems Technology Inc. 23,636 461
* Hanger Inc. 26,803 452
* Cara Therapeutics Inc. 33,797 445
* CryoLife Inc. 24,897 428
* AngioDynamics Inc. 16,169 416
* Inogen Inc. 10,288 314
* Tabula Rasa HealthCare Inc. 27,434 312
* Zynex Inc. 23,527 301
* Cutera Inc. 8,522 297
* Anika Therapeutics Inc. 6,843 268
* HealthStream Inc. 11,380 264
* Orthofix Medical Inc. 8,410 257
* Computer Programs & Systems Inc. 8,168 241
* Eagle Pharmaceuticals Inc. 4,922 235
* ANI Pharmaceuticals Inc. 4,137 170
* Spectrum Pharmaceuticals Inc. 107,202 169
*,2 Lantheus Holdings Inc. CVR 35,713
            105,270
Industrials (16.9%)
* Chart Industries Inc. 42,468 7,413
  Exponent Inc. 62,074 7,232
  Matson Inc. 51,833 4,226
  Comfort Systems USA Inc. 43,296 4,107
  Franklin Electric Co. Inc. 46,512 4,095
  Watts Water Technologies Inc. Class A 21,365 4,032
  AAON Inc. 49,361 3,850

          Shares Market
Value
($000)
* Vicor Corp.  25,433   3,649
  John Bean Technologies Corp.  23,107   3,646
  Forward Air Corp.  32,312   3,191
  UFP Industries Inc.  37,615   3,133
  Federal Signal Corp.  72,904   3,093
  Applied Industrial Technologies Inc.  28,262   2,686
* Gibraltar Industries Inc.  38,915   2,642
  Hillenbrand Inc.  57,470   2,563
* AeroVironment Inc.  27,460   2,218
  Korn Ferry  26,514   1,929
* SPX Corp.  31,307   1,820
  UniFirst Corp.   9,439   1,809
  Aerojet Rocketdyne Holdings Inc.  40,036   1,683
  Alamo Group Inc.  11,791   1,677
* Proto Labs Inc. 33,053 1,657
  Arcosa Inc. 31,127 1,593
  SPX FLOW Inc. 18,900 1,578
  Albany International Corp. Class A 19,345 1,566
  ManTech International Corp. Class A 22,268 1,513
  Mueller Industries Inc. 27,317 1,511
  ESCO Technologies Inc. 18,374 1,502
* PGT Innovations Inc. 71,224 1,463
* Allegiant Travel Co. 7,912 1,370
* MYR Group Inc. 11,292 1,250
  Marten Transport Ltd. 71,324 1,147
  Lindsay Corp. 7,821 1,138
  Brady Corp. Class A 22,620 1,137
*,2 Raven Industries Inc. 17,949 1,041
  Astec Industries Inc. 16,548 1,037
  Moog Inc. Class A 13,308 920
  AZZ Inc. 16,712 867
  Tennant Co. 10,228 805
* Forrester Research Inc. 13,247 748
* American Woodmark Corp. 10,607 654
  Enerpac Tool Group Corp. Class A 29,499 623
* US Ecology Inc. 14,591 497
  Heartland Express Inc. 27,280 457
* Triumph Group Inc. 27,114 454
* Viad Corp. 10,101 427
  Insteel Industries Inc. 9,414 397
* CIRCOR International Inc. 8,648 233
* Titan International Inc. 27,344 188
  Park Aerospace Corp. 8,958 116
            98,583
Information Technology (20.5%)
  Power Integrations Inc. 71,894 7,192
* Vonage Holdings Corp. 300,307 6,192
* SPS Commerce Inc. 42,722 6,023
* Diodes Inc. 53,618 5,702
* MaxLinear Inc. Class A 83,889 5,648
* Onto Innovation Inc. 58,750 5,532
* Perficient Inc. 39,267 5,381
* ExlService Holdings Inc. 39,553 5,137
* Alarm.com Holdings Inc. 54,737 4,367
* Viavi Solutions Inc. 272,716 4,039
  Advanced Energy Industries Inc. 45,762 4,013
* FormFactor Inc. 92,633 3,883
  Badger Meter Inc. 34,795 3,562

          Shares Market
Value
($000)
* Rogers Corp.  11,838   3,227
* Fabrinet  27,267   3,015
  EVERTEC Inc.  71,220   2,991
* LivePerson Inc.  77,363   2,991
* Ultra Clean Holdings Inc.  53,300   2,921
* 8x8 Inc. 133,577   2,879
  Kulicke & Soffa Industries Inc.  36,177   2,086
* Cohu Inc.  57,891   1,909
  TTEC Holdings Inc.  21,820   1,841
* Itron Inc.  28,011   1,734
  Progress Software Corp.  33,978   1,646
* Plexus Corp.  19,239   1,619
* Axcelis Technologies Inc.  26,076   1,612
* 3D Systems Corp.  70,066   1,596
* Rambus Inc. 54,644 1,470
  Xperi Holding Corp. 78,865 1,413
* Bottomline Technologies DE Inc. 28,194 1,264
* CEVA Inc. 27,418 1,209
  CSG Systems International Inc. 19,485 1,027
* Agilysys Inc. 23,209 1,011
* OSI Systems Inc. 10,545 959
* Extreme Networks Inc. 66,412 897
* Veeco Instruments Inc. 32,981 877
* FARO Technologies Inc. 12,547 871
  Ebix Inc. 28,350 866
* Plantronics Inc. 32,742 836
  Methode Electronics Inc. 18,650 829
* Ichor Holdings Ltd. 16,944 811
* Arlo Technologies Inc. 99,129 768
* Consensus Cloud Solutions Inc. 12,063 756
  CTS Corp. 20,477 713
* OneSpan Inc. 41,109 703
* PDF Solutions Inc. 21,609 647
* Unisys Corp. 35,378 642
* Harmonic Inc. 58,073 624
* Digi International Inc. 23,482 506
* Photronics Inc. 36,046 476
* Diebold Nixdorf Inc. 40,627 329
* DSP Group Inc. 14,032 309
* CalAmp Corp. 16,743 154
            119,705
Materials (4.5%)
  Balchem Corp. 38,602 6,099
* Livent Corp. 192,636 5,835
  Quaker Chemical Corp. 15,990 3,643
  HB Fuller Co. 31,935 2,336
* Arconic Corp. 72,974 1,950
  Stepan Co. 13,772 1,552
  Innospec Inc. 11,211 910
  Materion Corp. 9,254 784
* GCP Applied Technologies Inc. 33,221 776
* Ferro Corp. 34,479 728
* Century Aluminum Co. 35,947 476
  Hawkins Inc. 12,481 414
  Myers Industries Inc. 16,737 326
  American Vanguard Corp. 14,341 205

          Shares Market
Value
($000)
  FutureFuel Corp.  12,861      97
            26,131
Real Estate (5.8%)
  Innovative Industrial Properties Inc.  28,530   7,327
  Essential Properties Realty Trust Inc. 141,000   3,811
  Agree Realty Corp.  41,099   2,777
  Uniti Group Inc. 178,037   2,363
  St. Joe Co.  39,292   1,886
  Lexington Realty Trust 119,068   1,792
  Independence Realty Trust Inc.  61,311   1,502
  Four Corners Property Trust Inc.  51,008   1,378
  CareTrust REIT Inc.  59,156   1,196
  Community Healthcare Trust Inc.  27,760   1,194
  NexPoint Residential Trust Inc.  15,352   1,145
  Safehold Inc. 15,933 1,140
  Centerspace 9,528 974
  Easterly Government Properties Inc. Class A 42,956 901
  Tanger Factory Outlet Centers Inc. 43,320 858
  Industrial Logistics Properties Trust 35,174 779
  Getty Realty Corp. 21,783 665
* Marcus & Millichap Inc. 13,665 586
  LTC Properties Inc. 18,376 584
  Universal Health Realty Income Trust 6,996 389
  Saul Centers Inc. 6,312 311
  RE/MAX Holdings Inc. Class A 9,411 259
            33,817
Utilities (1.2%)
  California Water Service Group 36,217 2,282
  American States Water Co. 23,746 2,236
  Chesapeake Utilities Corp. 10,707 1,364
  Middlesex Water Co. 9,417 970
            6,852
Total Common Stocks (Cost $517,736) 583,457
      Coupon      
Temporary Cash Investments (0.4%)
Money Market Fund (0.4%)
3,4 Vanguard Market Liquidity Fund
(Cost $2,403)
0.077%   24,029 2,403
Total Investments (100.4%) (Cost $520,139)   585,860
Other Assets and Liabilities—Net (-0.4%)   (2,334)
Net Assets (100%)   583,526
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 $1,507,000.
2 Security value determined using significant unobservable inputs.
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 $1,550,000 was received for securities on loan.
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.

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 November 30, 2021.
C.  Various inputs may be used to determine the value of the fund’s investments. 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 valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments as of November 30, 2021, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 582,416 1,041 583,457
Temporary Cash Investments 2,403 2,403
Total 584,819 1,041 585,860