NPORT-EX 2 vg_spsmallcap600growth.htm
Vanguard® S&P Small-Cap 600 Growth Index Fund
Schedule of Investments (unaudited)
As of November 30, 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)
Common Stocks (99.8%)
Communication Services (2.0%)
* Madison Square Garden Sports Corp.  15,137   2,561
* Yelp Inc. Class A  47,671   2,084
  Cogent Communications Holdings Inc.  30,705   1,961
* Cars.com Inc.  73,888   1,376
* Cargurus Inc. Class A  51,896   1,122
* TechTarget Inc.  30,276     896
  Shutterstock Inc.  13,898     610
* Gogo Inc.  47,884     480
* QuinStreet Inc.  32,086     401
  ATN International Inc.  12,688     386
            11,877
Consumer Discretionary (8.3%)
* Stride Inc. 48,392 2,932
* Adtalem Global Education Inc. 49,688 2,831
  Installed Building Products Inc. 18,618 2,802
* Cavco Industries Inc. 9,650 2,729
* Dorman Products Inc. 33,892 2,442
* Asbury Automotive Group Inc. 11,073 2,323
  Academy Sports & Outdoors Inc. 42,978 2,186
  Jack in the Box Inc. 24,063 1,740
* Frontdoor Inc. 49,971 1,716
  LCI Industries 15,153 1,644
* Boot Barn Holdings Inc. 21,892 1,604
* Green Brick Partners Inc. 30,377 1,441
* Shake Shack Inc. Class A 23,748 1,438
  Bloomin' Brands Inc. 60,373 1,409
  Strategic Education Inc. 15,008 1,335
* XPEL Inc. 25,439 1,163
  Papa John's International Inc. 17,622 1,150
  Oxford Industries Inc. 12,375 1,119
* Gentherm Inc. 24,065 1,105
  Winnebago Industries Inc. 16,619 1,074
  Monarch Casino & Resort Inc. 16,027 1,008
* National Vision Holdings Inc. 54,215 1,000
  Buckle Inc. 24,569 947
* Dave & Buster's Entertainment Inc. 22,996 944
* Six Flags Entertainment Corp. 36,836 917
* Vista Outdoor Inc. 31,222 881
  Perdoceo Education Corp. 49,434 861
  Ethan Allen Interiors Inc. 27,303 733
* Leslie's Inc. 143,145 706

          Shares Market
Value
($000)
  Sturm Ruger & Co. Inc.  12,899     567
  Golden Entertainment Inc.  15,818     564
* Sabre Corp. 151,351     534
  Hibbett Inc.   8,075     505
  Dine Brands Global Inc.  11,134     484
* Chuy's Holdings Inc.  11,656     410
* Mister Car Wash Inc.  55,406     403
  Haverty Furniture Cos. Inc.   8,197     257
            47,904
Consumer Staples (5.7%)
* elf Beauty Inc.  65,141   7,692
* Simply Good Foods Co. 108,354   4,198
  J & J Snack Foods Corp.  18,458   3,037
  Inter Parfums Inc.  21,395   2,678
  WD-40 Co. 10,545 2,551
  Cal-Maine Foods Inc. 48,621 2,330
  MGP Ingredients Inc. 18,698 1,598
* TreeHouse Foods Inc. 28,843 1,174
  Edgewell Personal Care Co. 29,176 1,016
* National Beverage Corp. 18,981 902
  Medifast Inc. 13,020 864
* Central Garden & Pet Co. Class A 23,538 854
  Andersons Inc. 16,569 826
  Vector Group Ltd. 69,743 747
* Chefs' Warehouse Inc. 26,188 704
  Tootsie Roll Industries Inc. 20,845 690
  John B Sanfilippo & Son Inc. 6,546 602
  WK Kellogg Co. 43,471 487
* Central Garden & Pet Co. 5,466 222
            33,172
Energy (5.6%)
  SM Energy Co. 141,936 5,316
  Northern Oil & Gas Inc. 108,327 4,054
  CONSOL Energy Inc. 34,435 3,673
  Patterson-UTI Energy Inc. 260,708 3,053
  Helmerich & Payne Inc. 68,979 2,499
* Oceaneering International Inc. 86,791 1,793
  Dorian LPG Ltd. 40,624 1,721
  California Resources Corp. 22,483 1,151
  Liberty Energy Inc. Class A 55,641 1,104
  Comstock Resources Inc. 109,882 1,085
* Callon Petroleum Co. 33,415 1,045
* Talos Energy Inc. 64,895 903
* Vital Energy Inc. 20,019 898
* REX American Resources Corp. 18,105 888
  RPC Inc. 101,824 738
* Nabors Industries Ltd. 7,302 634
  CVR Energy Inc. 19,206 610
* US Silica Holdings Inc. 53,607 605
* Dril-Quip Inc. 21,617 480
  Core Laboratories Inc. 26,731 473
            32,723
Financials (16.7%)
* Mr Cooper Group Inc. 79,963 4,839
  First Bancorp 213,266 3,199
  ServisFirst Bancshares Inc. 58,583 2,997
  CVB Financial Corp. 158,330 2,831

          Shares Market
Value
($000)
  Piper Sandler Cos.  17,959   2,779
* Bancorp Inc.  64,930   2,533
  Assured Guaranty Ltd.  33,941   2,305
  United Community Banks Inc.  92,411   2,278
  Jackson Financial Inc. Class A  44,476   2,123
* American Equity Investment Life Holding Co.  38,477   2,122
  Ameris Bancorp  47,419   2,019
  NBT Bancorp Inc.  56,494   2,007
* StoneX Group Inc.  32,083   1,961
  Park National Corp.  17,199   1,909
  OFG Bancorp  56,379   1,892
  EVERTEC Inc.  50,270   1,859
  Banner Corp.  41,086   1,855
  Moelis & Co. Class A  39,040   1,852
* Palomar Holdings Inc. 29,597 1,732
  City Holding Co. 17,957 1,729
  Lakeland Financial Corp. 30,444 1,691
  Cathay General Bancorp 44,205 1,621
  Community Bank System Inc. 36,524 1,620
  Westamerica Bancorp 31,843 1,615
  Independent Bank Corp. 27,433 1,564
  First Hawaiian Inc. 79,301 1,558
  Artisan Partners Asset Management Inc. Class A 40,992 1,543
  BancFirst Corp. 17,320 1,500
  Bank of Hawaii Corp. 24,224 1,407
* NMI Holdings Inc. Class A 50,144 1,379
  Fulton Financial Corp. 96,097 1,367
  Stellar Bancorp Inc. 56,108 1,339
* Axos Financial Inc. 33,878 1,297
  Seacoast Banking Corp. of Florida 54,945 1,277
  First Financial Bancorp 62,566 1,264
  Hannon Armstrong Sustainable Infrastructure Capital Inc. 51,253 1,241
* Goosehead Insurance Inc. Class A 16,294 1,194
  Trustmark Corp. 50,390 1,154
  Pathward Financial Inc. 22,584 1,120
  WaFd Inc. 41,020 1,096
* Trupanion Inc. 42,559 1,095
* Triumph Financial Inc. 15,794 1,072
  Atlantic Union Bankshares Corp. 34,981 1,069
  National Bank Holdings Corp. Class A 29,770 983
  Preferred Bank 15,642 964
1 ARMOUR Residential REIT Inc. 54,592 961
  First Bancorp (XNGS) 29,477 924
  First Commonwealth Financial Corp. 67,356 901
  S&T Bancorp Inc. 31,555 883
* Donnelley Financial Solutions Inc. 14,907 880
  Northwest Bancshares Inc. 79,025 880
  Dime Community Bancshares Inc. 41,777 840
  Virtus Investment Partners Inc. 4,156 813
  Safety Insurance Group Inc. 10,081 776
* Customers Bancorp Inc. 16,839 759
  Heritage Financial Corp. 41,920 747
  FB Financial Corp. 20,999 705
* Payoneer Global Inc. 133,006 689
  Berkshire Hills Bancorp Inc. 30,548 639
  Employers Holdings Inc. 15,921 610
  Veritex Holdings Inc. 31,839 609
  AMERISAFE Inc. 12,633 608

          Shares Market
Value
($000)
  Hanmi Financial Corp.  36,508     608
  Southside Bancshares Inc.  20,155     553
  Tompkins Financial Corp.   9,593     508
  WisdomTree Inc.  76,348     497
  TrustCo Bank Corp.  15,015     403
  Brightsphere Investment Group Inc.  20,167     352
  Northfield Bancorp Inc.  25,840     247
  Invesco Mortgage Capital Inc.  24,056     193
1 B. Riley Financial Inc.   9,699     178
            96,614
Health Care (12.0%)
  Ensign Group Inc.  67,221   7,197
* Merit Medical Systems Inc.  68,947   4,934
* Cytokinetics Inc. 114,822   3,844
* AMN Healthcare Services Inc. 45,442 3,081
* Corcept Therapeutics Inc. 107,934 2,749
* Amphastar Pharmaceuticals Inc. 45,579 2,567
* Privia Health Group Inc. 122,131 2,523
* Glaukos Corp. 38,992 2,491
* Prestige Consumer Healthcare Inc. 41,474 2,379
* Dynavax Technologies Corp. 154,051 2,111
  CONMED Corp. 18,025 1,934
* Supernus Pharmaceuticals Inc. 65,337 1,780
* Catalyst Pharmaceuticals Inc. 119,953 1,731
* Addus HomeCare Corp. 19,374 1,689
* Pacira BioSciences Inc. 55,552 1,515
* Veradigm Inc. 130,747 1,501
* CorVel Corp. 7,044 1,471
* UFP Technologies Inc. 8,406 1,399
* Xencor Inc. 72,475 1,329
* STAAR Surgical Co. 39,426 1,236
* Harmony Biosciences Holdings Inc. 40,189 1,168
* Vericel Corp. 32,480 1,154
* Certara Inc. 74,269 1,070
* Collegium Pharmaceutical Inc. 41,537 1,065
* Ironwood Pharmaceuticals Inc. Class A 103,449 1,024
* Vir Biotechnology Inc. 102,737 975
* Arcus Biosciences Inc. 64,159 966
* Innoviva Inc. 68,502 949
* Tandem Diabetes Care Inc. 46,727 946
* REGENXBIO Inc. 48,366 944
  US Physical Therapy Inc. 10,936 930
* Schrodinger Inc. 28,717 893
  LeMaitre Vascular Inc. 16,353 862
* AdaptHealth Corp. Class A 97,684 828
* Cross Country Healthcare Inc. 40,254 816
  Premier Inc. Class A 37,032 763
* Ligand Pharmaceuticals Inc. 10,558 616
  Embecta Corp. 32,108 589
* BioLife Solutions Inc. 41,007 507
  Simulations Plus Inc. 12,748 500
* ANI Pharmaceuticals Inc. 9,982 497
  HealthStream Inc. 18,559 464
* Cytek Biosciences Inc. 52,094 362
  Mesa Laboratories Inc. 3,801 325
* Fulgent Genetics Inc. 11,024 304
* Avid Bioservices Inc. 51,941 264
* Agiliti Inc. 19,236 155

          Shares Market
Value
($000)
*,2 OmniAb Inc. 12.5 Earnout   7,390      —
*,2 OmniAb Inc. 15 Earnout   7,390      —
            69,397
Industrials (19.5%)
  Comfort Systems USA Inc.  42,788   8,283
  Applied Industrial Technologies Inc.  46,237   7,401
  Mueller Industries Inc. 135,835   5,641
  Boise Cascade Co.  47,358   5,176
  AAON Inc.  81,021   5,072
  Federal Signal Corp.  72,955   5,029
* AeroVironment Inc.  31,358   4,315
  Franklin Electric Co. Inc.  47,594   4,236
* Verra Mobility Corp. Class A 202,966   4,076
  Matson Inc.  42,210   4,042
  Encore Wire Corp. 20,103 3,705
  Hillenbrand Inc. 83,625 3,240
  Enpro Industries Inc. 25,001 3,211
  Albany International Corp. Class A 37,297 3,201
  Moog Inc. Class A 20,953 2,934
* SPX Technologies Inc. 33,810 2,884
  Arcosa Inc. 38,498 2,856
* Dycom Industries Inc. 23,854 2,478
  Griffon Corp. 48,979 2,279
* PGT Innovations Inc. 69,792 2,247
  ESCO Technologies Inc. 20,974 2,202
  Brady Corp. Class A 35,699 2,009
  Forward Air Corp. 30,734 1,952
  UniFirst Corp. 10,656 1,839
  CSG Systems International Inc. 36,385 1,790
  Alamo Group Inc. 9,026 1,658
  Korn Ferry 30,728 1,590
  Lindsay Corp. 13,176 1,572
* NV5 Global Inc. 15,202 1,479
  Trinity Industries Inc. 57,726 1,441
  Marten Transport Ltd. 69,006 1,301
  Standex International Corp. 9,630 1,289
* Hub Group Inc. Class A 16,908 1,277
* MYR Group Inc. 9,996 1,244
* Mercury Systems Inc. 35,520 1,218
  Enerpac Tool Group Corp. Class A 44,294 1,209
* Titan International Inc. 61,522 804
* Sun Country Airlines Holdings Inc. 48,288 733
  Wabash National Corp. 32,612 715
  Quanex Building Products Corp. 22,483 692
  Apogee Enterprises Inc. 15,063 679
  Heartland Express Inc. 35,607 478
* Vicor Corp. 11,534 422
  Insteel Industries Inc. 10,724 365
* Liquidity Services Inc. 14,734 282
*,1 SunPower Corp. 57,099 237
  TTEC Holdings Inc. 11,416 214
            112,997
Information Technology (16.7%)
* Rambus Inc. 130,539 8,834
* SPS Commerce Inc. 43,842 7,553
* Fabrinet 43,416 7,029
* DoubleVerify Holdings Inc. 164,156 5,450

          Shares Market
Value
($000)
  Badger Meter Inc.  35,068   5,168
* Axcelis Technologies Inc.  39,256   4,879
  Advanced Energy Industries Inc.  45,038   4,281
* Diodes Inc.  54,721   3,635
  Kulicke & Soffa Industries Inc.  67,552   3,480
* Plexus Corp.  32,873   3,349
* Alarm.com Holdings Inc.  59,697   3,252
  InterDigital Inc.  31,590   3,156
  Progress Software Corp.  51,872   2,794
* Extreme Networks Inc. 152,843   2,467
* Agilysys Inc.  24,261   2,089
* Veeco Instruments Inc.  67,399   1,923
* NetScout Systems Inc.  86,319   1,733
* MaxLinear Inc. Class A  88,089   1,650
* Photronics Inc. 74,854 1,582
* Sanmina Corp. 31,452 1,576
* Harmonic Inc. 133,745 1,479
* Perficient Inc. 23,714 1,467
  CTS Corp. 37,466 1,452
* LiveRamp Holdings Inc. 43,526 1,443
* SiTime Corp. 11,045 1,222
* Cohu Inc. 37,572 1,192
* OSI Systems Inc. 9,388 1,157
* Viavi Solutions Inc. 138,379 1,118
* Envestnet Inc. 29,084 1,106
* PDF Solutions Inc. 36,484 1,094
  A10 Networks Inc. 83,334 1,041
* Digi International Inc. 43,028 1,013
* ePlus Inc. 15,472 982
* Ultra Clean Holdings Inc. 29,403 798
* N-able Inc. 56,425 672
* Alpha & Omega Semiconductor Ltd. 26,838 574
  Methode Electronics Inc. 22,328 530
* Arlo Technologies Inc. 56,415 513
* Clearfield Inc. 15,514 395
* CEVA Inc. 17,265 376
* Corsair Gaming Inc. 28,941 374
* Digital Turbine Inc. 69,328 322
  ADTRAN Holdings Inc. 58,574 306
* Consensus Cloud Solutions Inc. 14,894 274
* OneSpan Inc. 21,129 212
            96,992
Materials (6.7%)
  Balchem Corp. 38,565 4,810
* ATI Inc. 95,358 4,191
  Innospec Inc. 29,743 3,125
  HB Fuller Co. 41,237 3,121
  Quaker Chemical Corp. 16,574 2,963
* Livent Corp. 214,960 2,958
  Alpha Metallurgical Resources Inc. 9,905 2,779
  Warrior Met Coal Inc. 34,862 1,951
  Materion Corp. 14,058 1,590
* Ingevity Corp. 40,324 1,564
  Hawkins Inc. 22,950 1,410
  Stepan Co. 16,504 1,363
  Worthington Industries Inc. 17,855 1,280
* O-I Glass Inc. 85,280 1,259
  Sylvamo Corp. 24,257 1,219

          Shares Market
Value
($000)
  Kaiser Aluminum Corp.  19,149   1,120
  Myers Industries Inc.  44,027     776
  Haynes International Inc.  10,245     503
* TimkenSteel Corp.  19,891     404
  Mercer International Inc.  22,652     217
            38,603
Real Estate (3.9%)
  Innovative Industrial Properties Inc.  33,537   2,739
  St. Joe Co.  42,587   2,190
  Phillips Edison & Co. Inc.  60,378   2,128
  Tanger Inc.  69,217   1,728
  CareTrust REIT Inc.  73,815   1,704
  Four Corners Property Trust Inc.  72,624   1,669
  Apple Hospitality REIT Inc.  89,009   1,484
  Urban Edge Properties 71,731 1,201
  LTC Properties Inc. 32,178 1,050
  Getty Realty Corp. 35,169 1,035
  Marcus & Millichap Inc. 28,499 981
  Veris Residential Inc. 53,638 777
  Uniti Group Inc. 128,510 711
  Armada Hoffler Properties Inc. 52,925 581
  Kennedy-Wilson Holdings Inc. 51,113 580
  Community Healthcare Trust Inc. 17,674 479
  NexPoint Residential Trust Inc. 14,551 443
  Universal Health Realty Income Trust 9,879 394
  Saul Centers Inc. 8,832 326
  eXp World Holdings Inc. 24,855 301
            22,501
Utilities (2.7%)
  American States Water Co. 30,519 2,438
  Otter Tail Corp. 30,436 2,323
  SJW Group 34,578 2,270
  California Water Service Group 42,794 2,164
  Chesapeake Utilities Corp. 17,349 1,659
  Clearway Energy Inc. Class C 54,264 1,355
  Northwest Natural Holding Co. 27,606 1,011
  Unitil Corp. 19,245 933
  Middlesex Water Co. 13,588 868
  Clearway Energy Inc. Class A 22,939 543
            15,564
Total Common Stocks (Cost $558,801) 578,344

      Coupon   Shares Market
Value
($000)
Temporary Cash Investments (0.4%)
Money Market Fund (0.4%)
3,4 Vanguard Market Liquidity Fund
(Cost $2,159)
5.438%    21,589        2,159
Total Investments (100.2%) (Cost $560,960)   580,503
Other Assets and Liabilities—Net (-0.2%)   (951)
Net Assets (100%)   579,552
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 $611,000.
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 $680,000 was received for securities on loan.
    
  REIT—Real Estate Investment Trust.

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
E-mini Russell 2000 Index December 2023 13 1,178 23

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 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 valuation designee to represent fair value and subject to oversight by the board of trustees.
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).
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.
The following table summarizes the market value of the fund’s investments and derivatives as of November 30, 2023, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 578,344 578,344
Temporary Cash Investments 2,159 2,159
Total 580,503 580,503
Derivative Financial Instruments        
Assets        
Futures Contracts1 23 23
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.