Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
25 Julho 2013 - 3:43PM
Edgar (US Regulatory)
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:
811-01027
Name of Registrant:
Vanguard World Fund
Address of Registrant:
P.O. Box 2600
Valley Forge, PA 19482
Name and address of agent for service:
Heidi Stam, Esquire
P.O. Box 876
Valley Forge, PA 19482
Date of fiscal year end:
February 28th
Date of reporting period:
May 31, 2013
Item 1:
Schedule of Investments
Vanguard U.S. Growth Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (96.1%)
1
|
|
|
|
Consumer Discretionary (20.3%)
|
|
|
|
* priceline.com Inc.
|
135,645
|
109,049
|
|
* Liberty Interactive Corp. Class A
|
3,299,891
|
74,083
|
|
Lowe's Cos. Inc.
|
1,063,880
|
44,800
|
|
Harley-Davidson Inc.
|
786,945
|
42,920
|
|
NIKE Inc. Class B
|
618,350
|
38,127
|
|
* Dollar General Corp.
|
654,475
|
34,556
|
|
* AutoZone Inc.
|
80,480
|
32,903
|
|
Walt Disney Co.
|
518,845
|
32,729
|
|
News Corp. Class A
|
894,230
|
28,714
|
|
* Sally Beauty Holdings Inc.
|
896,270
|
27,435
|
|
Dunkin' Brands Group Inc.
|
671,535
|
26,593
|
|
Home Depot Inc.
|
333,810
|
26,257
|
|
Starbucks Corp.
|
413,900
|
26,105
|
|
Comcast Corp. Class A
|
640,660
|
25,722
|
|
Sirius XM Radio Inc.
|
7,162,120
|
24,924
|
|
Time Warner Inc.
|
417,350
|
24,361
|
|
Starwood Hotels & Resorts Worldwide Inc.
|
352,360
|
24,066
|
|
Family Dollar Stores Inc.
|
352,290
|
21,542
|
|
* Amazon.com Inc.
|
76,950
|
20,702
|
|
Abercrombie & Fitch Co.
|
375,540
|
18,807
|
|
DR Horton Inc.
|
764,705
|
18,628
|
|
PVH Corp.
|
140,855
|
16,225
|
|
* Under Armour Inc. Class A
|
258,170
|
16,007
|
|
* Michael Kors Holdings Ltd.
|
230,205
|
14,461
|
|
* O'Reilly Automotive Inc.
|
107,450
|
11,702
|
|
Ralph Lauren Corp. Class A
|
66,665
|
11,672
|
|
Yum! Brands Inc.
|
170,375
|
11,543
|
|
Wynn Resorts Ltd.
|
80,535
|
10,944
|
|
Lennar Corp. Class A
|
256,875
|
10,100
|
|
* Discovery Communications Inc. Class A
|
118,500
|
9,345
|
|
* Chipotle Mexican Grill Inc. Class A
|
25,725
|
9,287
|
|
L Brands Inc.
|
155,900
|
7,797
|
|
Wyndham Worldwide Corp.
|
29,680
|
1,725
|
|
|
|
853,831
|
|
Consumer Staples (5.9%)
|
|
|
|
Walgreen Co.
|
1,620,937
|
77,416
|
|
* Green Mountain Coffee Roasters Inc.
|
723,543
|
52,913
|
|
Mead Johnson Nutrition Co.
|
323,445
|
26,222
|
|
CVS Caremark Corp.
|
437,775
|
25,207
|
|
Anheuser-Busch InBev NV ADR
|
238,245
|
21,899
|
|
Pernod-Ricard SA ADR
|
732,505
|
17,551
|
|
* Monster Beverage Corp.
|
303,102
|
16,546
|
|
Colgate-Palmolive Co.
|
178,800
|
10,342
|
|
|
|
248,096
|
|
Energy (6.6%)
|
|
|
|
EOG Resources Inc.
|
707,125
|
91,290
|
|
Kinder Morgan Inc.
|
2,170,405
|
82,432
|
|
Anadarko Petroleum Corp.
|
294,035
|
25,719
|
|
|
|
|
|
Schlumberger Ltd.
|
340,360
|
24,856
|
|
* Cobalt International Energy Inc.
|
602,365
|
15,625
|
|
Noble Energy Inc.
|
215,400
|
12,418
|
|
National Oilwell Varco Inc.
|
161,975
|
11,387
|
|
* Cameron International Corp.
|
171,170
|
10,419
|
|
* Kinder Morgan Inc. Warrants, Exp. Date 5/25/17
|
691,427
|
3,893
|
|
|
|
278,039
|
|
Exchange-Traded Fund (0.0%)
|
|
|
|
2 Vanguard Growth ETF
|
3,100
|
248
|
|
|
|
Financials (7.6%)
|
|
|
|
* IntercontinentalExchange Inc.
|
427,650
|
73,218
|
|
Progressive Corp.
|
2,376,325
|
60,573
|
|
JPMorgan Chase & Co.
|
807,245
|
44,068
|
|
CME Group Inc.
|
577,775
|
39,248
|
|
BlackRock Inc.
|
83,970
|
23,444
|
|
American Express Co.
|
270,385
|
20,471
|
|
Citigroup Inc.
|
387,538
|
20,148
|
|
* Affiliated Managers Group Inc.
|
100,900
|
16,548
|
|
American Tower Corporation
|
192,075
|
14,951
|
|
T. Rowe Price Group Inc.
|
121,400
|
9,209
|
|
|
|
321,878
|
|
Health Care (11.5%)
|
|
|
|
Allergan Inc.
|
945,835
|
94,101
|
|
* Celgene Corp.
|
621,225
|
76,814
|
|
* Gilead Sciences Inc.
|
1,321,965
|
72,021
|
|
Novo Nordisk A/S ADR
|
274,100
|
44,157
|
|
* Biogen Idec Inc.
|
139,165
|
33,050
|
|
Perrigo Co.
|
279,575
|
32,406
|
|
* Hologic Inc.
|
1,103,465
|
22,897
|
|
Covidien plc
|
332,250
|
21,131
|
|
Agilent Technologies Inc.
|
406,080
|
18,456
|
|
* Regeneron Pharmaceuticals Inc.
|
75,345
|
18,224
|
|
* IDEXX Laboratories Inc.
|
215,928
|
17,801
|
|
Bristol-Myers Squibb Co.
|
347,725
|
15,999
|
|
* Vertex Pharmaceuticals Inc.
|
141,340
|
11,351
|
|
* Intuitive Surgical Inc.
|
16,270
|
8,095
|
|
|
|
486,503
|
|
Industrials (6.2%)
|
|
|
|
Precision Castparts Corp.
|
195,025
|
41,720
|
|
Union Pacific Corp.
|
158,800
|
24,554
|
|
Eaton Corp. plc
|
347,035
|
22,925
|
|
AMETEK Inc.
|
526,795
|
22,731
|
|
JB Hunt Transport Services Inc.
|
258,255
|
19,023
|
|
Safran SA ADR
|
362,665
|
18,996
|
|
Cummins Inc.
|
142,295
|
17,023
|
|
* IHS Inc. Class A
|
155,956
|
16,396
|
|
* Stericycle Inc.
|
142,900
|
15,685
|
|
Caterpillar Inc.
|
174,997
|
15,015
|
|
Nielsen Holdings NV
|
387,030
|
13,124
|
|
Donaldson Co. Inc.
|
330,266
|
12,388
|
|
Equifax Inc.
|
176,000
|
10,718
|
|
Kansas City Southern
|
93,315
|
10,330
|
|
|
|
260,628
|
|
Information Technology (33.3%)
|
|
|
|
* Google Inc. Class A
|
201,295
|
175,209
|
|
|
|
|
|
|
|
|
|
Apple Inc.
|
|
|
357,230
|
160,639
|
|
|
Mastercard Inc. Class A
|
|
|
249,190
|
142,101
|
|
|
Visa Inc. Class A
|
|
|
737,090
|
131,305
|
|
*
|
eBay Inc.
|
|
|
1,991,613
|
107,746
|
|
|
QUALCOMM Inc.
|
|
|
1,537,185
|
97,581
|
|
*
|
Adobe Systems Inc.
|
|
|
1,846,625
|
79,239
|
|
|
Intuit Inc.
|
|
|
1,001,925
|
58,552
|
|
|
Oracle Corp.
|
|
|
1,329,905
|
44,898
|
|
*
|
Teradata Corp.
|
|
|
804,225
|
44,836
|
|
*
|
Citrix Systems Inc.
|
|
|
689,113
|
44,344
|
|
*
|
Cognizant Technology Solutions Corp. Class A
|
|
|
664,460
|
42,957
|
|
*
|
VeriSign Inc.
|
|
|
819,819
|
38,564
|
|
*
|
Alliance Data Systems Corp.
|
|
|
143,080
|
25,338
|
|
|
Altera Corp.
|
|
|
759,540
|
25,209
|
|
*
|
Facebook Inc. Class A
|
|
|
863,095
|
21,016
|
|
|
Cisco Systems Inc.
|
|
|
787,010
|
18,951
|
|
*
|
LinkedIn Corp. Class A
|
|
|
107,835
|
18,066
|
|
*
|
Salesforce.com Inc.
|
|
|
426,710
|
18,063
|
|
*
|
ServiceNow Inc.
|
|
|
482,555
|
17,739
|
|
*
|
Juniper Networks Inc.
|
|
|
971,675
|
17,228
|
|
*
|
Splunk Inc.
|
|
|
324,507
|
15,174
|
|
*
|
VeriFone Systems Inc.
|
|
|
638,983
|
14,907
|
|
*
|
BMC Software Inc.
|
|
|
257,061
|
11,644
|
|
*
|
Trimble Navigation Ltd.
|
|
|
378,975
|
10,573
|
|
*
|
Red Hat Inc.
|
|
|
208,500
|
10,056
|
|
|
Broadcom Corp. Class A
|
|
|
268,355
|
9,637
|
|
|
|
|
|
|
1,401,572
|
|
Materials (2.4%)
|
|
|
|
|
|
|
Monsanto Co.
|
|
|
537,195
|
54,063
|
|
|
Syngenta AG ADR
|
|
|
495,125
|
38,541
|
|
|
Praxair Inc.
|
|
|
90,440
|
10,340
|
|
|
|
|
|
|
102,944
|
|
Telecommunication Services (2.3%)
|
|
|
|
|
|
*
|
Crown Castle International Corp.
|
|
|
1,213,136
|
86,436
|
|
*
|
SBA Communications Corp. Class A
|
|
|
160,100
|
12,051
|
|
|
|
|
|
|
98,487
|
|
Total Common Stocks (Cost $3,092,224)
|
|
|
|
4,052,226
|
|
|
|
Coupon
|
|
|
|
|
Temporary Cash Investments (4.1%)
1
|
|
|
|
|
|
Money Market Fund (3.7%)
|
|
|
|
|
|
3
|
Vanguard Market Liquidity Fund
|
0.136%
|
|
156,985,956
|
156,986
|
|
|
|
|
|
|
|
Face
|
|
|
|
|
|
Maturity
|
Amount
|
|
|
|
|
|
Date
|
($000)
|
|
|
Repurchase Agreement (0.2%)
|
|
|
|
|
|
|
Bank of America Securities, LLC
|
|
|
|
|
|
|
(Dated 5/31/13, Repurchase Value
|
|
|
|
|
|
|
$6,200,000, collateralized by U.S. Treasury
|
|
|
|
|
|
|
Note/Bond 1.000%, 9/30/19)
|
0.080%
|
6/3/13
|
6,200,000
|
6,200
|
|
|
|
U.S. Government and Agency Obligations (0.2%)
|
|
|
|
|
|
4
|
Fannie Mae Discount Notes
|
0.120%
|
6/24/13
|
1,900,000
|
1,900
|
|
5,6
Federal Home Loan Bank Discount Notes
|
0.115%
|
6/5/13
|
1,500,000
|
1,500
|
|
|
|
|
|
|
|
5,6
Federal Home Loan Bank Discount Notes
|
0.115%
|
7/26/13
|
5,000,000
|
4,999
|
|
|
|
|
|
8,399
|
|
Total Temporary Cash Investments (Cost $171,585)
|
|
|
|
171,585
|
|
Total Investments (100.2%) (Cost $3,263,809)
|
|
|
|
4,223,811
|
|
Other Assets and Liabilities-Net (-0.2%)
|
|
|
|
(8,883)
|
|
Net Assets (100%)
|
|
|
|
4,214,928
|
* Non-income-producing security.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 99.0% and 1.2%, respectively, of net assets.
2 Considered an affiliated company of the fund as the issuer is another member of The Vanguard Group.
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 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
6 Securities with a value of $5,399,000 have been segregated as initial margin for open futures contracts.
ADR—American Depositary Receipt.
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. 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.
B.
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).
U.S. Growth Fund
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
Common Stocks
|
4,052,226
|
—
|
—
|
|
Temporary Cash Investments
|
156,986
|
14,599
|
—
|
|
Futures Contracts—Liabilities
1
|
(1,753)
|
—
|
—
|
|
Total
|
4,207,459
|
14,599
|
—
|
|
1 Represents variation margin on the last day of the reporting period.
|
C.
Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. 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.
Futures contracts are valued at their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Schedule of Investments as an asset (liability).
At May 31, 2013, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
|
|
|
|
|
|
|
|
|
|
|
($000)
|
|
|
|
|
Aggregate
|
|
|
|
|
Number of
|
Settlement
|
Unrealized
|
|
|
|
Long (Short)
|
Value
|
Appreciation
|
|
Futures Contracts
|
Expiration
|
Contracts
|
Long (Short)
|
(Depreciation)
|
|
E-mini S&P 500 Index
|
June 2013
|
885
|
72,083
|
(1,170)
|
|
S&P 500 Index
|
June 2013
|
89
|
36,245
|
2,113
|
|
E-mini S&P Midcap 400 Index
|
June 2013
|
110
|
13,018
|
609
|
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
D.
At May 31, 2013, the cost of investment securities for tax purposes was $3,263,809,000. Net unrealized appreciation of investment securities for tax purposes was $960,002,000, consisting of unrealized gains of $1,013,367,000 on securities that had risen in value since their purchase and $53,365,000 in unrealized losses on securities that had fallen in value since their purchase.
International Growth Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (96.4%)
1
|
|
|
|
Argentina (0.4%)
|
|
|
|
^
|
MercadoLibre Inc.
|
650,100
|
74,515
|
|
|
|
Australia (2.6%)
|
|
|
|
|
Brambles Ltd.
|
18,078,295
|
157,480
|
|
|
Fortescue Metals Group Ltd.
|
32,107,535
|
100,189
|
|
|
Woodside Petroleum Ltd.
|
2,532,175
|
86,307
|
|
|
James Hardie Industries plc
|
6,196,069
|
58,439
|
|
|
Newcrest Mining Ltd.
|
3,675,320
|
50,212
|
|
|
Cochlear Ltd.
|
743,560
|
45,781
|
|
|
Atlas Iron Ltd.
|
17,001,988
|
12,289
|
|
|
|
|
510,697
|
|
Brazil (3.0%)
|
|
|
|
|
BM&FBovespa SA
|
20,386,500
|
132,020
|
|
|
Itau Unibanco Holding SA ADR
|
7,255,682
|
109,125
|
|
|
Vale SA Class B ADR
|
6,764,400
|
91,184
|
|
|
Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR
|
1,572,249
|
77,292
|
|
|
Raia Drogasil SA
|
6,456,300
|
68,337
|
|
|
Petroleo Brasileiro SA Prior Pfd.
|
5,433,000
|
50,708
|
|
|
Vale SA Prior Pfd.
|
2,670,000
|
36,065
|
|
|
Banco do Brasil SA
|
2,279,967
|
26,730
|
|
|
|
|
591,461
|
|
Canada (2.0%)
|
|
|
|
^
|
Suncor Energy Inc.
|
4,473,939
|
135,718
|
|
|
Toronto-Dominion Bank
|
1,500,722
|
121,578
|
|
|
Canadian Pacific Railway Ltd.
|
539,418
|
71,718
|
|
|
First Quantum Minerals Ltd.
|
2,278,053
|
40,782
|
|
|
Sherritt International Corp.
|
2,615,219
|
11,704
|
|
*
|
Dominion Diamond Corp.
|
732,000
|
11,148
|
|
|
|
|
392,648
|
|
Chile (0.3%)
|
|
|
|
|
Sociedad Quimica y Minera de Chile SA ADR
|
1,132,400
|
52,577
|
|
|
|
China (7.9%)
|
|
|
|
|
Tencent Holdings Ltd.
|
13,702,000
|
539,322
|
|
*
|
Baidu Inc. ADR
|
4,606,600
|
445,182
|
|
|
CNOOC Ltd.
|
46,181,000
|
80,896
|
|
|
Beijing Enterprises Holdings Ltd.
|
9,811,500
|
79,878
|
|
|
China Overseas Land & Investment Ltd.
|
26,480,000
|
78,495
|
|
|
China Resources Enterprise Ltd.
|
17,714,000
|
57,546
|
|
|
Shandong Weigao Group Medical Polymer Co. Ltd.
|
44,588,000
|
55,864
|
|
*
|
New Oriental Education & Technology Group Inc. ADR
|
2,099,500
|
46,882
|
|
*
|
Youku Tudou Inc. ADR
|
2,077,149
|
42,478
|
|
|
Mindray Medical International Ltd. ADR
|
928,974
|
38,107
|
|
|
Belle International Holdings Ltd.
|
23,826,000
|
36,387
|
|
|
Yingde Gases Group Co. Ltd.
|
32,400,000
|
34,863
|
|
^,*
Chaoda Modern Agriculture Holdings Ltd.
|
17,258,719
|
690
|
|
|
|
|
1,536,590
|
|
|
|
|
|
|
Denmark (1.5%)
|
|
|
|
|
Novo Nordisk A/S Class B
|
902,128
|
146,215
|
|
|
Novozymes A/S
|
3,172,000
|
109,854
|
|
|
AP Moeller - Maersk A/S Class B
|
3,750
|
26,798
|
|
|
|
|
282,867
|
|
France (9.4%)
|
|
|
|
|
L'Oreal SA
|
2,278,493
|
384,093
|
|
|
Kering
|
1,429,120
|
310,561
|
|
|
Sanofi
|
1,974,673
|
210,558
|
|
|
Schneider Electric SA
|
2,380,027
|
188,337
|
|
|
Essilor International SA
|
1,347,722
|
148,284
|
|
|
BNP Paribas SA
|
2,025,912
|
118,557
|
|
|
Safran SA
|
1,819,428
|
96,712
|
|
|
LVMH Moet Hennessy Louis Vuitton SA
|
406,540
|
71,814
|
|
^
|
European Aeronautic Defence and Space Co. NV
|
1,090,000
|
62,764
|
|
|
Publicis Groupe SA
|
750,000
|
53,663
|
|
|
Vallourec SA
|
965,000
|
52,321
|
|
*
|
Arkema SA
|
500,758
|
51,514
|
|
|
Total SA
|
875,000
|
43,736
|
|
|
Societe Generale SA
|
1,010,000
|
40,281
|
|
|
|
|
1,833,195
|
|
Germany (6.7%)
|
|
|
|
|
Adidas AG
|
1,510,546
|
164,235
|
|
|
Daimler AG
|
2,264,491
|
143,829
|
|
|
HeidelbergCement AG
|
1,900,999
|
143,280
|
|
|
Porsche Automobil Holding SE Prior Pfd.
|
1,518,515
|
125,240
|
|
|
Infineon Technologies AG
|
12,949,152
|
110,183
|
|
|
Volkswagen AG
|
483,893
|
102,512
|
|
|
GEA Group AG
|
2,743,756
|
99,589
|
|
^,*
Aixtron SE NA
|
3,130,112
|
55,529
|
|
|
MTU Aero Engines AG
|
535,000
|
53,740
|
|
|
BASF SE
|
535,817
|
51,930
|
|
^,*
SAP AG
|
679,000
|
50,816
|
|
|
Symrise AG
|
1,185,000
|
48,293
|
|
^
|
Fresenius Medical Care AG & Co. KGaA
|
695,000
|
47,186
|
|
|
Wincor Nixdorf AG
|
814,000
|
45,809
|
|
|
Software AG
|
1,097,000
|
37,610
|
|
^
|
SMA Solar Technology AG
|
719,595
|
23,592
|
|
|
|
|
1,303,373
|
|
Hong Kong (4.4%)
|
|
|
|
|
AIA Group Ltd.
|
98,033,000
|
433,404
|
|
|
Jardine Matheson Holdings Ltd.
|
3,035,947
|
199,234
|
|
|
Hong Kong Exchanges and Clearing Ltd.
|
4,514,200
|
75,569
|
|
|
Swire Pacific Ltd. Class A
|
5,499,000
|
69,626
|
|
|
Techtronic Industries Co.
|
14,769,782
|
37,891
|
|
|
Hang Lung Properties Ltd.
|
8,672,000
|
30,369
|
|
^
|
Esprit Holdings Ltd.
|
6,934,939
|
10,554
|
|
|
|
|
856,647
|
|
India (1.8%)
|
|
|
|
|
Housing Development Finance Corp.
|
7,692,900
|
121,097
|
|
*
|
Idea Cellular Ltd.
|
40,822,574
|
94,653
|
|
|
Tata Motors Ltd.
|
11,594,210
|
63,855
|
|
|
HDFC Bank Ltd.
|
3,724,019
|
46,151
|
|
|
Zee Entertainment Enterprises Ltd.
|
4,048,233
|
16,168
|
|
|
|
|
341,924
|
|
|
|
|
|
Indonesia (0.4%)
|
|
|
|
Bank Mandiri Persero Tbk PT
|
77,192,500
|
76,230
|
|
|
|
Ireland (0.3%)
|
|
|
|
Kerry Group plc Class A
|
846,400
|
48,115
|
|
|
|
Israel (1.1%)
|
|
|
|
* Check Point Software Technologies Ltd.
|
4,334,249
|
217,059
|
|
|
|
Italy (2.2%)
|
|
|
|
* Fiat SPA
|
28,230,717
|
221,256
|
|
UniCredit SPA
|
36,182,044
|
203,063
|
|
|
|
424,319
|
|
Japan (8.3%)
|
|
|
|
SMC Corp.
|
1,513,000
|
286,929
|
|
Rakuten Inc.
|
19,991,600
|
222,733
|
|
Astellas Pharma Inc.
|
2,841,988
|
145,130
|
|
Sumitomo Mitsui Financial Group Inc.
|
3,397,300
|
134,125
|
|
Softbank Corp.
|
2,673,500
|
133,635
|
|
Suzuki Motor Corp.
|
4,413,100
|
107,367
|
|
Seven & I Holdings Co. Ltd.
|
3,061,900
|
104,004
|
|
FANUC Corp.
|
666,200
|
98,108
|
|
Toyota Motor Corp.
|
1,129,983
|
65,945
|
|
Sekisui Chemical Co. Ltd.
|
4,917,000
|
48,926
|
|
Kyocera Corp.
|
455,100
|
44,373
|
|
MISUMI Group Inc.
|
1,534,610
|
39,760
|
|
East Japan Railway Co.
|
521,300
|
38,603
|
|
Canon Inc.
|
1,127,922
|
38,539
|
|
Sysmex Corp.
|
539,996
|
35,427
|
|
Hitachi Ltd.
|
5,231,000
|
35,209
|
|
^ Gree Inc.
|
2,710,000
|
26,992
|
|
|
|
1,605,805
|
|
Luxembourg (0.1%)
|
|
|
|
* Reinet Investments SCA
|
542,339
|
10,693
|
|
|
|
Mexico (0.5%)
|
|
|
|
Grupo Financiero Banorte SAB de CV
|
14,975,522
|
95,807
|
|
|
|
Netherlands (0.9%)
|
|
|
|
* ING Groep NV
|
9,595,834
|
89,479
|
|
Heineken NV
|
1,130,793
|
78,669
|
|
TNT Express NV
|
1,486,955
|
11,436
|
|
|
|
179,584
|
|
Norway (1.8%)
|
|
|
|
Statoil ASA
|
6,848,696
|
154,641
|
|
DNB ASA
|
7,510,438
|
121,453
|
|
Schibsted ASA
|
1,760,994
|
74,148
|
|
|
|
350,242
|
|
Peru (0.8%)
|
|
|
|
Credicorp Ltd. (New York Shares)
|
1,148,133
|
158,006
|
|
|
|
Portugal (0.4%)
|
|
|
|
Jerónimo Martins SGPS SA
|
3,627,182
|
77,155
|
|
|
|
Russia (0.8%)
|
|
|
|
Sberbank of Russia ADR
|
5,395,919
|
65,606
|
|
|
|
|
|
Magnit OJSC GDR
|
964,300
|
52,243
|
|
Mail.ru Group Ltd. GDR
|
1,266,000
|
35,286
|
|
|
|
153,135
|
|
Singapore (0.4%)
|
|
|
|
DBS Group Holdings Ltd.
|
2,879,439
|
38,986
|
|
Singapore Exchange Ltd.
|
6,541,000
|
38,143
|
|
|
|
77,129
|
|
South Africa (0.4%)
|
|
|
|
MTN Group Ltd.
|
1,610,000
|
29,145
|
|
Sasol Ltd.
|
574,000
|
25,600
|
|
Impala Platinum Holdings Ltd.
|
1,778,600
|
18,643
|
|
|
|
73,388
|
|
South Korea (3.6%)
|
|
|
|
Samsung Electronics Co. Ltd.
|
245,575
|
330,878
|
|
NHN Corp.
|
391,658
|
105,090
|
|
Hyundai Mobis Co. Ltd.
|
277,112
|
69,308
|
|
Shinhan Financial Group Co. Ltd.
|
1,907,216
|
67,997
|
|
Hyundai Motor Co.
|
284,257
|
52,865
|
|
^ Celltrion Inc.
|
1,180,754
|
39,343
|
|
Hankook Tire Co. Ltd.
|
839,991
|
38,989
|
|
|
|
704,470
|
|
Spain (3.3%)
|
|
|
|
Inditex SA
|
2,683,385
|
332,181
|
|
* Banco Santander SA
|
27,573,835
|
197,217
|
|
Banco Popular Espanol SA
|
69,140,321
|
57,136
|
|
Distribuidora Internacional de Alimentacion SA
|
7,176,919
|
56,249
|
|
|
|
642,783
|
|
Sweden (5.2%)
|
|
|
|
Atlas Copco AB Class A
|
13,299,679
|
350,999
|
|
Svenska Handelsbanken AB Class A
|
5,576,352
|
239,692
|
|
Sandvik AB
|
10,604,720
|
148,554
|
|
Alfa Laval AB
|
5,199,985
|
113,025
|
|
Elekta AB Class B
|
4,093,089
|
62,254
|
|
Telefonaktiebolaget LM Ericsson Class B
|
4,700,000
|
55,210
|
|
Investment AB Kinnevik
|
1,548,982
|
41,068
|
|
|
|
1,010,802
|
|
Switzerland (6.7%)
|
|
|
|
Syngenta AG
|
751,696
|
293,234
|
|
Roche Holding AG
|
1,087,579
|
269,651
|
|
Cie Financiere Richemont SA
|
1,718,964
|
151,993
|
|
Geberit AG
|
494,180
|
123,019
|
|
Credit Suisse Group AG
|
3,609,497
|
106,683
|
|
ABB Ltd.
|
3,984,182
|
87,173
|
|
Novartis AG
|
929,000
|
66,546
|
|
Swatch Group AG (Bearer)
|
96,145
|
54,797
|
|
Zurich Insurance Group AG
|
207,000
|
54,745
|
|
Nestle SA
|
809,000
|
53,592
|
|
Holcim Ltd.
|
612,000
|
47,467
|
|
|
|
1,308,900
|
|
|
|
|
|
|
|
Taiwan (0.7%)
|
|
|
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
|
35,282,508
|
128,292
|
|
|
|
Thailand (0.4%)
|
|
|
|
|
|
Kasikornbank PCL (Foreign)
|
|
|
12,705,056
|
81,654
|
|
|
|
Turkey (1.3%)
|
|
|
|
|
|
Turkiye Garanti Bankasi AS
|
|
|
37,457,981
|
193,070
|
|
BIM Birlesik Magazalar AS
|
|
|
1,198,546
|
56,576
|
|
|
|
|
|
249,646
|
|
United Kingdom (15.4%)
|
|
|
|
|
|
Prudential plc
|
|
|
17,732,776
|
298,287
|
|
ARM Holdings plc
|
|
|
18,243,000
|
267,191
|
|
Rolls-Royce Holdings plc
|
|
|
14,445,916
|
262,039
|
|
BG Group plc
|
|
|
12,781,253
|
233,260
|
|
Standard Chartered plc
|
|
|
9,882,732
|
228,831
|
|
BHP Billiton plc
|
|
|
7,759,468
|
223,126
|
|
WPP plc
|
|
|
11,802,585
|
200,929
|
|
Diageo plc
|
|
|
6,477,457
|
191,345
|
|
Meggitt plc
|
|
|
16,360,413
|
131,639
|
|
Shire plc
|
|
|
3,326,897
|
109,503
|
|
Aggreko plc
|
|
|
4,059,436
|
109,189
|
|
Centrica plc
|
|
|
15,392,908
|
88,521
|
|
Vodafone Group plc
|
|
|
27,250,634
|
78,976
|
|
British American Tobacco plc
|
|
|
1,187,759
|
65,266
|
|
Inchcape plc
|
|
|
7,807,340
|
64,593
|
|
Unilever plc
|
|
|
1,495,000
|
62,798
|
|
Burberry Group plc
|
|
|
2,741,016
|
59,948
|
|
HSBC Holdings plc
|
|
|
5,370,000
|
58,915
|
|
Capita plc
|
|
|
3,584,735
|
52,225
|
|
Ultra Electronics Holdings plc
|
|
|
1,793,000
|
47,623
|
|
Carnival plc
|
|
|
1,375,000
|
46,056
|
|
G4S plc
|
|
|
10,450,000
|
39,289
|
|
GlaxoSmithKline plc
|
|
|
1,400,000
|
36,223
|
|
AZ Electronic Materials SA
|
|
|
6,800,000
|
32,717
|
|
|
|
|
|
2,988,489
|
|
United States (1.4%)
|
|
|
|
|
|
* Amazon.com Inc.
|
|
|
1,000,200
|
269,084
|
|
Total Common Stocks (Cost $15,211,166)
|
|
|
|
18,707,281
|
|
|
Coupon
|
|
|
|
|
Temporary Cash Investments (5.2%)
1
|
|
|
|
|
|
Money Market Fund (5.0%)
|
|
|
|
|
|
2,3
Vanguard Market Liquidity Fund
|
0.136%
|
|
963,729,431
|
963,729
|
|
|
|
|
|
|
Face
|
|
|
|
|
Maturity
|
Amount
|
|
|
|
|
Date
|
($000)
|
|
|
U.S. Government and Agency Obligations (0.2%)
|
|
|
|
|
|
4,5
Fannie Mae Discount Notes
|
0.065%
|
8/28/13
|
6,000
|
5,998
|
|
4,5,
|
|
|
|
|
|
6
Fannie Mae Discount Notes
|
0.098%
|
11/6/13
|
13,500
|
13,490
|
|
4,5,
|
|
|
|
|
|
6
Fannie Mae Discount Notes
|
0.100%
|
11/13/13
|
6,000
|
5,995
|
|
6,7
Federal Home Loan Bank Discount Notes
|
0.115%
|
6/5/13
|
12,000
|
12,000
|
|
6,7
Federal Home Loan Bank Discount Notes
|
0.095%
|
10/4/13
|
9,600
|
9,594
|
|
5,7
Federal Home Loan Bank Discount Notes
|
0.100%
|
10/11/13
|
2,500
|
2,498
|
|
|
|
|
|
|
|
4,6
Freddie Mac Discount Notes
|
0.090%
|
9/23/13
|
1,000
|
1,000
|
|
|
|
|
|
50,575
|
|
Total Temporary Cash Investments (Cost $1,014,316)
|
|
|
|
1,014,304
|
|
Total Investments (101.6%) (Cost $16,225,482)
|
|
|
|
19,721,585
|
|
Other Assets and Liabilities-Net (-1.6%)
3,5
|
|
|
|
(311,520)
|
|
Net Assets (100%)
|
|
|
|
19,410,065
|
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $292,045,000.
* Non-income-producing security.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 98.7% and 2.9%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $310,658,000 of collateral received for securities on loan.
4 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 Securities with a value of $9,773,000 and cash of $700,000 have been segregated as collateral for open forward
currency contracts.
6 Securities with a value of $25,588,000 have been segregated as initial margin for open futures contracts.
7 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
ADR—American Depositary Receipt.
GDR—Global Depositary Receipt.
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 at their fair values calculated according to procedures adopted by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund's pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. 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.
B.
Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund's pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
International Growth Fund
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).
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
Common Stocks—North and South America
|
1,634,098
|
—
|
—
|
|
Common Stocks—Other
|
789,707
|
16,283,476
|
—
|
|
Temporary Cash Investments
|
963,729
|
50,575
|
—
|
|
Futures Contracts—Liabilities
1
|
(2,974)
|
—
|
—
|
|
Forward Currency Contracts—Assets
|
—
|
2,803
|
—
|
|
Forward Currency Contracts—Liabilities
|
—
|
(11,463)
|
—
|
|
Total
|
3,384,560
|
16,325,391
|
—
|
|
1 Represents variation margin on the last day of the reporting period.
|
D.
Futures and Forward Currency Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. 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.
The fund also enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts or to protect the value of securities and related receivables and payables against changes in foreign exchange rates. The primary risk associated with the fund's use of these contracts is that a counterparty will fail to fulfill its obligation to pay gains due to the fund under the contracts. The fund attempts to mitigate this risk by, among other things, performing a credit analysis of counterparties, monitoring exposure to counterparties, and requiring counterparties to post collateral to secure such exposure. The forward currency 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 posted. Any assets posted as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or posted is compared daily to the value of the forward currency 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.
Futures contracts are valued at their quoted daily settlement prices. Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The aggregate principal amounts of the contracts
International Growth Fund
are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Schedule of Investments as an asset (liability).
At May 31, 2013, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
|
|
|
|
|
|
|
|
|
|
|
($000)
|
|
|
|
|
Aggregate
|
|
|
|
|
Number of
|
Settlement
|
Unrealized
|
|
|
|
Long (Short)
|
Value
|
Appreciation
|
|
Futures Contracts
|
Expiration
|
Contracts
|
Long (Short)
|
(Depreciation)
|
|
Dow Jones EURO STOXX 50 Index
|
June 2013
|
4,122
|
148,191
|
7,708
|
|
FTSE 100 Index
|
June 2013
|
1,467
|
146,204
|
3,595
|
|
Topix Index
|
June 2013
|
922
|
103,408
|
13,040
|
|
S&P ASX 200 Index
|
June 2013
|
501
|
59,238
|
(1,572)
|
Unrealized appreciation (depreciation) on open Dow Jones EURO STOXX 50 Index and FTSE 100 Index futures contracts is required to be treated as realized gain (loss) for tax purposes.
At May 31, 2013, the fund had open forward currency contracts to receive and deliver currencies as follows. Unrealized appreciation (depreciation) on open forward currency contracts is treated as realized gain (loss) for tax purposes.
|
|
|
|
|
|
|
|
|
|
|
Contract Amount (000)
|
|
|
|
|
|
|
|
Unrealized
|
|
|
Contract
|
|
|
|
Appreciation
|
|
|
Settlement
|
|
|
|
(Depreciation)
|
|
Counterparty
|
Date
|
|
Receive
|
Deliver
|
($000)
|
|
Brown Brothers Harriman &
|
|
|
|
|
|
|
Co.
|
6/26/13
|
GBP
|
94,034USD
|
140,239
|
2,611
|
|
Brown Brothers Harriman &
|
|
|
|
|
|
|
Co.
|
6/26/13
|
EUR
|
95,488USD
|
124,366
|
(239)
|
|
Brown Brothers Harriman &
|
|
|
|
|
|
|
Co.
|
6/18/13
|
JPY
|
8,665,661USD
|
92,902
|
(6,632)
|
|
Brown Brothers Harriman &
|
|
|
|
|
|
|
Co.
|
6/25/13
|
AUD
|
63,466USD
|
65,220
|
(4,592)
|
|
Brown Brothers Harriman &
|
|
|
|
|
|
|
Co.
|
6/26/13
|
EUR
|
12,825USD
|
16,479
|
192
|
AUD—Australian dollar.
EUR—Euro.
GBP—British pound.
JPY—Japanese yen.
USD—U.S. dollar.
E.
At May 31, 2013, the cost of investment securities for tax purposes was $16,226,311,000. Net unrealized appreciation of investment securities for tax purposes was $3,495,274,000, consisting of unrealized gains of $4,481,313,000 on securities that had risen in value since their purchase and $986,039,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard FTSE Social Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (99.9%)
|
|
|
|
Consumer Discretionary (11.2%)
|
|
|
|
Home Depot Inc.
|
150,903
|
11,870
|
|
Walt Disney Co.
|
180,744
|
11,401
|
|
Ford Motor Co.
|
385,542
|
6,045
|
|
Lowe's Cos. Inc.
|
112,318
|
4,730
|
|
Starbucks Corp.
|
72,418
|
4,567
|
|
* priceline.com Inc.
|
4,977
|
4,001
|
|
TJX Cos. Inc.
|
72,994
|
3,694
|
|
NIKE Inc. Class B
|
59,800
|
3,687
|
|
Viacom Inc. Class B
|
44,346
|
2,922
|
|
CBS Corp. Class B
|
58,720
|
2,907
|
|
* General Motors Co.
|
78,031
|
2,645
|
|
Johnson Controls Inc.
|
67,825
|
2,534
|
|
Coach Inc.
|
28,012
|
1,632
|
|
Omnicom Group Inc.
|
26,139
|
1,624
|
|
VF Corp.
|
8,631
|
1,587
|
|
* Bed Bath & Beyond Inc.
|
22,603
|
1,543
|
|
* AutoZone Inc.
|
3,631
|
1,485
|
|
Ross Stores Inc.
|
22,197
|
1,427
|
|
* O'Reilly Automotive Inc.
|
11,490
|
1,251
|
|
Harley-Davidson Inc.
|
22,775
|
1,242
|
|
Genuine Parts Co.
|
15,531
|
1,207
|
|
Sirius XM Radio Inc.
|
326,824
|
1,137
|
|
* Chipotle Mexican Grill Inc. Class A
|
3,097
|
1,118
|
|
Gap Inc.
|
27,389
|
1,111
|
|
* Dollar Tree Inc.
|
22,722
|
1,092
|
|
L Brands Inc.
|
21,536
|
1,077
|
|
* CarMax Inc.
|
22,863
|
1,069
|
|
Staples Inc.
|
67,303
|
1,010
|
|
* BorgWarner Inc.
|
11,541
|
936
|
|
Tiffany & Co.
|
11,765
|
915
|
|
H&R Block Inc.
|
27,107
|
793
|
|
* Lululemon Athletica Inc.
|
10,177
|
792
|
|
Newell Rubbermaid Inc.
|
28,820
|
779
|
|
Autoliv Inc.
|
9,571
|
751
|
|
PetSmart Inc.
|
10,863
|
733
|
|
Darden Restaurants Inc.
|
12,842
|
665
|
|
* Mohawk Industries Inc.
|
5,770
|
641
|
|
Lennar Corp. Class A
|
15,940
|
627
|
|
Interpublic Group of Cos. Inc.
|
41,345
|
588
|
|
Scripps Networks Interactive Inc. Class A
|
8,580
|
578
|
|
Foot Locker Inc.
|
15,177
|
521
|
|
Hasbro Inc.
|
11,616
|
517
|
|
* Toll Brothers Inc.
|
14,590
|
499
|
|
Gannett Co. Inc.
|
23,122
|
497
|
|
Leggett & Platt Inc.
|
14,076
|
450
|
|
Garmin Ltd.
|
11,582
|
405
|
|
Abercrombie & Fitch Co.
|
8,034
|
402
|
|
Harman International Industries Inc.
|
6,711
|
356
|
|
* Starz - Liberty Capital
|
9,818
|
227
|
|
|
|
|
|
* AutoNation Inc.
|
3,433
|
159
|
|
Weight Watchers International Inc.
|
2,739
|
126
|
|
|
|
94,572
|
|
Consumer Staples (8.6%)
|
|
|
|
Procter & Gamble Co.
|
275,002
|
21,109
|
|
PepsiCo Inc.
|
154,906
|
12,512
|
|
Colgate-Palmolive Co.
|
95,604
|
5,530
|
|
Kimberly-Clark Corp.
|
39,322
|
3,808
|
|
Kraft Foods Group Inc.
|
58,817
|
3,243
|
|
General Mills Inc.
|
64,798
|
3,051
|
|
HJ Heinz Co.
|
32,085
|
2,322
|
|
Whole Foods Market Inc.
|
34,062
|
1,766
|
|
Mead Johnson Nutrition Co.
|
20,495
|
1,661
|
|
Estee Lauder Cos. Inc. Class A
|
22,628
|
1,534
|
|
Kellogg Co.
|
24,416
|
1,515
|
|
Hershey Co.
|
16,262
|
1,449
|
|
ConAgra Foods Inc.
|
41,278
|
1,391
|
|
Clorox Co.
|
13,033
|
1,083
|
|
Coca-Cola Enterprises Inc.
|
27,854
|
1,035
|
|
Bunge Ltd.
|
14,605
|
1,016
|
|
Avon Products Inc.
|
43,084
|
1,015
|
|
* Green Mountain Coffee Roasters Inc.
|
13,278
|
971
|
|
Dr Pepper Snapple Group Inc.
|
20,390
|
937
|
|
Church & Dwight Co. Inc.
|
13,898
|
845
|
|
McCormick & Co. Inc.
|
11,944
|
825
|
|
Campbell Soup Co.
|
18,349
|
785
|
|
Tyson Foods Inc. Class A
|
28,465
|
712
|
|
Energizer Holdings Inc.
|
6,251
|
598
|
|
Hormel Foods Corp.
|
13,708
|
546
|
|
Herbalife Ltd.
|
10,324
|
482
|
|
* Smithfield Foods Inc.
|
12,829
|
423
|
|
Hillshire Brands Co.
|
11,703
|
405
|
|
|
|
72,569
|
|
Energy (5.8%)
|
|
|
|
Schlumberger Ltd.
|
133,500
|
9,749
|
|
Occidental Petroleum Corp.
|
81,038
|
7,461
|
|
Anadarko Petroleum Corp.
|
49,605
|
4,339
|
|
Halliburton Co.
|
92,911
|
3,888
|
|
Apache Corp.
|
39,079
|
3,210
|
|
Marathon Oil Corp.
|
70,531
|
2,426
|
|
Williams Cos. Inc.
|
68,282
|
2,402
|
|
Devon Energy Corp.
|
40,502
|
2,303
|
|
Spectra Energy Corp.
|
66,742
|
2,040
|
|
Baker Hughes Inc.
|
43,600
|
1,983
|
|
Chesapeake Energy Corp.
|
66,429
|
1,451
|
|
* FMC Technologies Inc.
|
23,949
|
1,333
|
|
* Southwestern Energy Co.
|
35,028
|
1,320
|
|
EQT Corp.
|
14,930
|
1,193
|
|
Noble Corp.
|
25,181
|
976
|
|
CONSOL Energy Inc.
|
22,576
|
783
|
|
* Denbury Resources Inc.
|
38,678
|
710
|
|
Peabody Energy Corp.
|
26,784
|
527
|
|
* Rowan Cos. plc Class A
|
12,427
|
413
|
|
* WPX Energy Inc.
|
19,960
|
384
|
|
* Newfield Exploration Co.
|
13,551
|
322
|
|
|
|
49,213
|
|
|
|
|
|
Financials (25.6%)
|
|
|
|
Wells Fargo & Co.
|
529,403
|
21,467
|
|
JPMorgan Chase & Co.
|
380,354
|
20,764
|
|
Citigroup Inc.
|
304,548
|
15,833
|
|
Bank of America Corp.
|
1,074,156
|
14,673
|
|
American Express Co.
|
96,147
|
7,279
|
|
US Bancorp
|
189,660
|
6,650
|
|
* American International Group Inc.
|
147,799
|
6,571
|
|
MetLife Inc.
|
88,480
|
3,912
|
|
PNC Financial Services Group Inc.
|
52,698
|
3,775
|
|
Morgan Stanley
|
140,462
|
3,638
|
|
BlackRock Inc.
|
12,727
|
3,553
|
|
Bank of New York Mellon Corp.
|
117,029
|
3,518
|
|
Prudential Financial Inc.
|
46,358
|
3,197
|
|
Travelers Cos. Inc.
|
38,137
|
3,193
|
|
Capital One Financial Corp.
|
52,301
|
3,187
|
|
American Tower Corporation
|
39,637
|
3,085
|
|
ACE Ltd.
|
33,938
|
3,044
|
|
State Street Corp.
|
45,832
|
3,033
|
|
Aflac Inc.
|
45,132
|
2,513
|
|
Discover Financial Services
|
49,842
|
2,363
|
|
Allstate Corp.
|
48,451
|
2,337
|
|
BB&T Corp.
|
69,631
|
2,292
|
|
Chubb Corp.
|
26,217
|
2,284
|
|
Public Storage
|
14,356
|
2,179
|
|
Marsh & McLennan Cos. Inc.
|
54,081
|
2,164
|
|
HCP Inc.
|
45,402
|
2,151
|
|
Franklin Resources Inc.
|
13,880
|
2,149
|
|
Charles Schwab Corp.
|
107,954
|
2,144
|
|
CME Group Inc.
|
31,545
|
2,143
|
|
Ventas Inc.
|
29,384
|
2,097
|
|
Equity Residential
|
35,602
|
2,013
|
|
Aon plc
|
31,157
|
1,984
|
|
T. Rowe Price Group Inc.
|
24,737
|
1,877
|
|
Prologis Inc.
|
45,801
|
1,846
|
|
Health Care REIT Inc.
|
25,879
|
1,761
|
|
SunTrust Banks Inc.
|
53,567
|
1,719
|
|
Ameriprise Financial Inc.
|
20,619
|
1,681
|
|
Weyerhaeuser Co.
|
54,072
|
1,612
|
|
Fifth Third Bancorp
|
88,029
|
1,602
|
|
Boston Properties Inc.
|
14,996
|
1,598
|
|
McGraw Hill Financial Inc.
|
27,735
|
1,513
|
|
Moody's Corp.
|
22,190
|
1,474
|
|
Loews Corp.
|
31,277
|
1,433
|
|
Progressive Corp.
|
55,555
|
1,416
|
|
Northern Trust Corp.
|
24,034
|
1,398
|
|
Hartford Financial Services Group Inc.
|
43,504
|
1,333
|
|
Annaly Capital Management Inc.
|
96,695
|
1,313
|
|
Regions Financial Corp.
|
140,952
|
1,287
|
|
Host Hotels & Resorts Inc.
|
71,742
|
1,276
|
|
* IntercontinentalExchange Inc.
|
7,389
|
1,265
|
|
M&T Bank Corp.
|
11,257
|
1,181
|
|
Principal Financial Group Inc.
|
29,449
|
1,115
|
|
SLM Corp.
|
46,176
|
1,096
|
|
General Growth Properties Inc.
|
53,391
|
1,096
|
|
KeyCorp
|
93,192
|
1,005
|
|
Lincoln National Corp.
|
27,515
|
981
|
|
|
|
|
|
NYSE Euronext
|
24,283
|
977
|
|
XL Group plc Class A
|
30,051
|
945
|
|
* CIT Group Inc.
|
19,994
|
921
|
|
Kimco Realty Corp.
|
40,500
|
897
|
|
Macerich Co.
|
13,653
|
886
|
|
Unum Group
|
27,489
|
783
|
|
Plum Creek Timber Co. Inc.
|
16,342
|
780
|
|
Comerica Inc.
|
18,723
|
739
|
|
Willis Group Holdings plc
|
17,345
|
678
|
|
Cincinnati Financial Corp.
|
14,265
|
675
|
|
* Markel Corp.
|
1,267
|
663
|
|
* Alleghany Corp.
|
1,698
|
662
|
|
Huntington Bancshares Inc.
|
84,251
|
653
|
|
* CBRE Group Inc. Class A
|
27,917
|
647
|
|
Torchmark Corp.
|
9,075
|
585
|
|
Arthur J Gallagher & Co.
|
12,641
|
552
|
|
New York Community Bancorp Inc.
|
41,850
|
547
|
|
Duke Realty Corp.
|
32,166
|
533
|
|
PartnerRe Ltd.
|
5,858
|
531
|
|
* Genworth Financial Inc. Class A
|
48,791
|
527
|
|
Zions Bancorporation
|
18,376
|
515
|
|
TD Ameritrade Holding Corp.
|
21,479
|
504
|
|
Axis Capital Holdings Ltd.
|
11,246
|
490
|
|
People's United Financial Inc.
|
34,923
|
481
|
|
Liberty Property Trust
|
11,720
|
476
|
|
WR Berkley Corp.
|
11,152
|
457
|
|
Legg Mason Inc.
|
11,517
|
404
|
|
RenaissanceRe Holdings Ltd.
|
4,658
|
400
|
|
SEI Investments Co.
|
12,880
|
394
|
|
Brown & Brown Inc.
|
12,176
|
393
|
|
Assurant Inc.
|
7,786
|
387
|
|
Commerce Bancshares Inc.
|
8,791
|
383
|
|
Hudson City Bancorp Inc.
|
43,792
|
372
|
|
White Mountains Insurance Group Ltd.
|
575
|
340
|
|
Old Republic International Corp.
|
23,762
|
323
|
|
City National Corp.
|
4,538
|
285
|
|
Erie Indemnity Co. Class A
|
2,576
|
196
|
|
|
|
216,044
|
|
Health Care (22.2%)
|
|
|
|
Johnson & Johnson
|
274,871
|
23,139
|
|
Pfizer Inc.
|
709,972
|
19,332
|
|
Merck & Co. Inc.
|
304,468
|
14,219
|
|
* Gilead Sciences Inc.
|
150,366
|
8,192
|
|
Amgen Inc.
|
75,685
|
7,609
|
|
Bristol-Myers Squibb Co.
|
165,202
|
7,601
|
|
AbbVie Inc.
|
157,430
|
6,721
|
|
UnitedHealth Group Inc.
|
102,312
|
6,408
|
|
Abbott Laboratories
|
157,430
|
5,773
|
|
* Biogen Idec Inc.
|
23,661
|
5,619
|
|
Eli Lilly & Co.
|
101,104
|
5,375
|
|
* Celgene Corp.
|
41,874
|
5,178
|
|
Medtronic Inc.
|
101,118
|
5,158
|
|
* Express Scripts Holding Co.
|
81,165
|
5,042
|
|
Baxter International Inc.
|
55,156
|
3,879
|
|
Thermo Fisher Scientific Inc.
|
36,148
|
3,192
|
|
Allergan Inc.
|
30,772
|
3,061
|
|
Covidien plc
|
47,314
|
3,009
|
|
|
|
|
|
McKesson Corp.
|
23,309
|
2,654
|
|
WellPoint Inc.
|
30,394
|
2,339
|
|
Aetna Inc.
|
38,119
|
2,302
|
|
* Intuitive Surgical Inc.
|
4,012
|
1,996
|
|
Cigna Corp.
|
28,960
|
1,966
|
|
Becton Dickinson and Co.
|
19,373
|
1,911
|
|
Stryker Corp.
|
28,682
|
1,904
|
|
* Alexion Pharmaceuticals Inc.
|
19,414
|
1,894
|
|
* Vertex Pharmaceuticals Inc.
|
21,610
|
1,735
|
|
* Regeneron Pharmaceuticals Inc.
|
6,788
|
1,642
|
|
Cardinal Health Inc.
|
34,072
|
1,600
|
|
* Actavis Inc.
|
12,722
|
1,568
|
|
Agilent Technologies Inc.
|
34,435
|
1,565
|
|
* Cerner Corp.
|
14,758
|
1,450
|
|
Zimmer Holdings Inc.
|
17,367
|
1,363
|
|
St. Jude Medical Inc.
|
30,747
|
1,329
|
|
* DaVita HealthCare Partners Inc.
|
10,475
|
1,300
|
|
Humana Inc.
|
15,855
|
1,281
|
|
* Life Technologies Corp.
|
17,188
|
1,274
|
|
* Boston Scientific Corp.
|
135,463
|
1,252
|
|
AmerisourceBergen Corp. Class A
|
23,056
|
1,247
|
|
* Mylan Inc.
|
40,499
|
1,234
|
|
* Forest Laboratories Inc.
|
26,679
|
1,060
|
|
Perrigo Co.
|
8,721
|
1,011
|
|
Quest Diagnostics Inc.
|
15,895
|
983
|
|
* Laboratory Corp. of America Holdings
|
9,441
|
939
|
|
* Illumina Inc.
|
12,356
|
869
|
|
* Henry Schein Inc.
|
8,881
|
855
|
|
* CareFusion Corp.
|
22,348
|
821
|
|
* Waters Corp.
|
8,371
|
810
|
|
* Edwards Lifesciences Corp.
|
11,657
|
775
|
|
CR Bard Inc.
|
7,159
|
738
|
|
* Varian Medical Systems Inc.
|
11,002
|
737
|
|
Universal Health Services Inc. Class B
|
8,984
|
621
|
|
DENTSPLY International Inc.
|
14,127
|
590
|
|
* Hospira Inc.
|
16,512
|
573
|
|
Omnicare Inc.
|
10,540
|
485
|
|
Patterson Cos. Inc.
|
8,882
|
347
|
|
|
|
187,527
|
|
Industrials (5.7%)
|
|
|
|
Union Pacific Corp.
|
47,102
|
7,283
|
|
Caterpillar Inc.
|
65,345
|
5,607
|
|
Deere & Co.
|
36,922
|
3,216
|
|
FedEx Corp.
|
29,578
|
2,850
|
|
Illinois Tool Works Inc.
|
40,580
|
2,846
|
|
CSX Corp.
|
102,193
|
2,576
|
|
Norfolk Southern Corp.
|
31,407
|
2,405
|
|
Waste Management Inc.
|
46,121
|
1,934
|
|
PACCAR Inc.
|
35,328
|
1,894
|
|
Ingersoll-Rand plc
|
29,568
|
1,701
|
|
WW Grainger Inc.
|
6,021
|
1,550
|
|
Stanley Black & Decker Inc.
|
16,054
|
1,272
|
|
Rockwell Automation Inc.
|
13,951
|
1,228
|
|
Pentair Ltd.
|
20,990
|
1,222
|
|
Kansas City Southern
|
11,032
|
1,221
|
|
ADT Corp.
|
23,116
|
938
|
|
CH Robinson Worldwide Inc.
|
16,162
|
916
|
|
|
|
|
|
Pall Corp.
|
11,180
|
763
|
|
Masco Corp.
|
36,022
|
757
|
|
Equifax Inc.
|
12,058
|
734
|
|
Nielsen Holdings NV
|
21,298
|
722
|
|
JB Hunt Transport Services Inc.
|
9,371
|
690
|
|
Fortune Brands Home & Security Inc.
|
16,313
|
690
|
|
Iron Mountain Inc.
|
16,692
|
598
|
|
Xylem Inc.
|
18,567
|
523
|
|
Robert Half International Inc.
|
13,258
|
461
|
|
Manpowergroup Inc.
|
7,910
|
453
|
|
Dun & Bradstreet Corp.
|
4,529
|
445
|
|
Avery Dennison Corp.
|
10,007
|
435
|
|
Ryder System Inc.
|
5,049
|
318
|
|
CNH Global NV
|
2,827
|
123
|
|
|
|
48,371
|
|
Information Technology (15.7%)
|
|
|
|
* Google Inc. Class A
|
27,134
|
23,618
|
|
Oracle Corp.
|
364,836
|
12,317
|
|
QUALCOMM Inc.
|
170,529
|
10,825
|
|
Visa Inc. Class A
|
53,023
|
9,446
|
|
Mastercard Inc. Class A
|
10,634
|
6,064
|
|
Accenture plc Class A
|
64,184
|
5,270
|
|
* EMC Corp.
|
210,299
|
5,207
|
|
Hewlett-Packard Co.
|
196,839
|
4,807
|
|
Texas Instruments Inc.
|
112,113
|
4,024
|
|
Automatic Data Processing Inc.
|
48,989
|
3,367
|
|
* Yahoo! Inc.
|
96,474
|
2,537
|
|
Corning Inc.
|
149,042
|
2,291
|
|
* Salesforce.com Inc.
|
53,260
|
2,254
|
|
* Adobe Systems Inc.
|
49,341
|
2,117
|
|
* Cognizant Technology Solutions Corp. Class A
|
29,795
|
1,926
|
|
Broadcom Corp. Class A
|
51,969
|
1,866
|
|
Applied Materials Inc.
|
119,734
|
1,820
|
|
Intuit Inc.
|
27,322
|
1,597
|
|
* Symantec Corp.
|
69,231
|
1,550
|
|
Western Digital Corp.
|
24,007
|
1,520
|
|
Seagate Technology plc
|
33,513
|
1,444
|
|
* SanDisk Corp.
|
24,267
|
1,432
|
|
* Citrix Systems Inc.
|
18,532
|
1,193
|
|
* Micron Technology Inc.
|
101,500
|
1,186
|
|
* Fiserv Inc.
|
13,322
|
1,161
|
|
Xerox Corp.
|
122,079
|
1,073
|
|
Xilinx Inc.
|
26,262
|
1,068
|
|
Altera Corp.
|
31,946
|
1,060
|
|
KLA-Tencor Corp.
|
16,843
|
948
|
|
CA Inc.
|
34,429
|
940
|
|
* Teradata Corp.
|
16,847
|
939
|
|
Western Union Co.
|
56,792
|
930
|
|
* Red Hat Inc.
|
19,273
|
930
|
|
* Juniper Networks Inc.
|
51,508
|
913
|
|
* Alliance Data Systems Corp.
|
5,045
|
893
|
|
Avago Technologies Ltd. Class A
|
23,514
|
887
|
|
NVIDIA Corp.
|
59,306
|
859
|
|
* Autodesk Inc.
|
22,695
|
856
|
|
* Akamai Technologies Inc.
|
17,004
|
784
|
|
* Check Point Software Technologies Ltd.
|
15,463
|
774
|
|
* Lam Research Corp.
|
16,312
|
763
|
|
|
|
|
|
* VeriSign Inc.
|
15,625
|
735
|
|
* F5 Networks Inc.
|
7,971
|
663
|
|
* BMC Software Inc.
|
14,320
|
649
|
|
* Synopsys Inc.
|
15,188
|
554
|
|
* NCR Corp.
|
15,908
|
531
|
|
* VMware Inc. Class A
|
7,359
|
523
|
|
* Nuance Communications Inc.
|
25,619
|
487
|
|
* Avnet Inc.
|
13,727
|
469
|
|
* Arrow Electronics Inc.
|
10,603
|
422
|
|
* LSI Corp.
|
55,745
|
412
|
|
Total System Services Inc.
|
15,945
|
375
|
|
Broadridge Financial Solutions Inc.
|
12,300
|
334
|
|
DST Systems Inc.
|
3,305
|
225
|
|
Molex Inc.
|
6,675
|
196
|
|
Molex Inc. Class A
|
7,729
|
190
|
|
|
|
132,221
|
|
Materials (3.5%)
|
|
|
|
EI du Pont de Nemours & Co.
|
93,008
|
5,189
|
|
Dow Chemical Co.
|
119,567
|
4,120
|
|
Praxair Inc.
|
29,988
|
3,429
|
|
Ecolab Inc.
|
26,335
|
2,224
|
|
International Paper Co.
|
43,635
|
2,014
|
|
Air Products & Chemicals Inc.
|
21,148
|
1,997
|
|
Mosaic Co.
|
29,640
|
1,803
|
|
Sherwin-Williams Co.
|
8,430
|
1,589
|
|
Sigma-Aldrich Corp.
|
12,058
|
1,009
|
|
Alcoa Inc.
|
106,046
|
901
|
|
Ashland Inc.
|
7,940
|
706
|
|
Vulcan Materials Co.
|
12,927
|
693
|
|
International Flavors & Fragrances Inc.
|
8,224
|
660
|
|
MeadWestvaco Corp.
|
17,483
|
612
|
|
Airgas Inc.
|
5,746
|
591
|
|
Sealed Air Corp.
|
19,450
|
467
|
|
* Owens-Illinois Inc.
|
16,574
|
455
|
|
Bemis Co. Inc.
|
10,399
|
407
|
|
Cliffs Natural Resources Inc.
|
16,021
|
289
|
|
|
|
29,155
|
|
Telecommunication Services (0.4%)
|
|
|
|
* Sprint Nextel Corp.
|
299,394
|
2,186
|
|
Windstream Corp.
|
58,893
|
473
|
|
Frontier Communications Corp.
|
98,923
|
409
|
|
|
|
3,068
|
|
Utilities (1.2%)
|
|
|
|
Consolidated Edison Inc.
|
29,043
|
1,657
|
|
Northeast Utilities
|
31,217
|
1,301
|
|
CenterPoint Energy Inc.
|
42,650
|
989
|
|
Wisconsin Energy Corp.
|
23,071
|
942
|
|
ONEOK Inc.
|
20,505
|
926
|
|
NiSource Inc.
|
30,914
|
888
|
|
* Calpine Corp.
|
38,245
|
777
|
|
American Water Works Co. Inc.
|
17,629
|
704
|
|
Alliant Energy Corp.
|
11,113
|
547
|
|
MDU Resources Group Inc.
|
18,801
|
486
|
|
Pepco Holdings Inc.
|
22,726
|
472
|
|
Questar Corp.
|
17,618
|
428
|
|
|
|
|
|
|
TECO Energy Inc.
|
|
21,574
|
380
|
|
|
|
|
10,497
|
|
Total Common Stocks (Cost $689,655)
|
|
|
843,237
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (2.0%)
|
|
|
|
|
Money Market Fund (2.0%)
|
|
|
|
|
1 Vanguard Market Liquidity Fund (Cost $16,996)
|
0.136%
|
16,995,738
|
16,996
|
|
|
|
Total Investments (101.9%) (Cost $706,651)
|
|
|
860,233
|
|
Other Assets and Liabilities-Net (-1.9%)
|
|
|
(16,293)
|
|
Net Assets (100%)
|
|
|
843,940
|
* Non-income-producing security.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $706,651,000. Net unrealized appreciation of investment securities for tax purposes was $153,582,000, consisting of unrealized gains of $181,608,000 on securities that had risen in value since their purchase and $28,026,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Mega Cap Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Consumer Discretionary (10.5%)
|
|
|
|
Home Depot Inc.
|
102,791
|
8,086
|
|
Walt Disney Co.
|
111,641
|
7,042
|
|
* Amazon.com Inc.
|
24,977
|
6,720
|
|
McDonald's Corp.
|
68,968
|
6,660
|
|
Comcast Corp. Class A
|
141,341
|
5,675
|
|
Ford Motor Co.
|
264,664
|
4,150
|
|
News Corp. Class A
|
119,385
|
3,833
|
|
Time Warner Inc.
|
61,056
|
3,564
|
|
Lowe's Cos. Inc.
|
76,348
|
3,215
|
|
Starbucks Corp.
|
48,931
|
3,086
|
|
Target Corp.
|
44,352
|
3,083
|
|
NIKE Inc. Class B
|
49,160
|
3,031
|
|
* priceline.com Inc.
|
3,470
|
2,790
|
|
TJX Cos. Inc.
|
47,654
|
2,412
|
|
* DIRECTV
|
37,445
|
2,289
|
|
Yum! Brands Inc.
|
30,985
|
2,099
|
|
Viacom Inc. Class B
|
31,149
|
2,052
|
|
CBS Corp. Class B
|
40,701
|
2,015
|
|
Time Warner Cable Inc.
|
20,305
|
1,939
|
|
Johnson Controls Inc.
|
47,011
|
1,756
|
|
* General Motors Co.
|
47,016
|
1,593
|
|
Comcast Corp.
|
39,413
|
1,529
|
|
Las Vegas Sands Corp.
|
25,476
|
1,475
|
|
Coach Inc.
|
19,335
|
1,126
|
|
Omnicom Group Inc.
|
18,013
|
1,119
|
|
VF Corp.
|
6,046
|
1,112
|
|
Carnival Corp.
|
32,563
|
1,078
|
|
* Bed Bath & Beyond Inc.
|
14,750
|
1,007
|
|
* AutoZone Inc.
|
2,346
|
959
|
|
Gap Inc.
|
23,011
|
933
|
|
Starwood Hotels & Resorts Worldwide Inc.
|
13,333
|
911
|
|
* Liberty Interactive Corp. Class A
|
35,236
|
791
|
|
* Liberty Media Corp. Class A
|
6,121
|
764
|
|
Wynn Resorts Ltd.
|
5,558
|
755
|
|
Kohl's Corp.
|
14,181
|
729
|
|
* Dollar General Corp.
|
10,707
|
565
|
|
News Corp. Class B
|
15,693
|
506
|
|
Sirius XM Radio Inc.
|
112,538
|
392
|
|
CBS Corp. Class A
|
577
|
29
|
|
Viacom Inc. Class A
|
28
|
2
|
|
|
|
92,872
|
|
Consumer Staples (10.9%)
|
|
|
|
Procter & Gamble Co.
|
187,729
|
14,410
|
|
Coca-Cola Co.
|
275,567
|
11,020
|
|
Philip Morris International Inc.
|
107,597
|
9,782
|
|
Wal-Mart Stores Inc.
|
114,959
|
8,603
|
|
PepsiCo Inc.
|
105,978
|
8,560
|
|
Altria Group Inc.
|
138,111
|
4,986
|
|
|
|
|
|
CVS Caremark Corp.
|
84,579
|
4,870
|
|
Colgate-Palmolive Co.
|
64,274
|
3,718
|
|
Mondelez International Inc. Class A
|
122,092
|
3,597
|
|
Costco Wholesale Corp.
|
29,970
|
3,287
|
|
Walgreen Co.
|
58,461
|
2,792
|
|
Kimberly-Clark Corp.
|
26,599
|
2,575
|
|
Kraft Foods Group Inc.
|
40,700
|
2,244
|
|
General Mills Inc.
|
44,471
|
2,094
|
|
HJ Heinz Co.
|
22,033
|
1,594
|
|
Archer-Daniels-Midland Co.
|
45,256
|
1,459
|
|
Sysco Corp.
|
40,247
|
1,360
|
|
Whole Foods Market Inc.
|
25,544
|
1,325
|
|
Kellogg Co.
|
19,883
|
1,234
|
|
Kroger Co.
|
33,812
|
1,138
|
|
Mead Johnson Nutrition Co.
|
13,915
|
1,128
|
|
Estee Lauder Cos. Inc. Class A
|
16,282
|
1,103
|
|
Lorillard Inc.
|
25,989
|
1,103
|
|
Reynolds American Inc.
|
22,847
|
1,099
|
|
Campbell Soup Co.
|
13,974
|
598
|
|
Brown-Forman Corp. Class B
|
7,118
|
490
|
|
Hershey Co.
|
5,049
|
450
|
|
|
|
96,619
|
|
Energy (11.3%)
|
|
|
|
Exxon Mobil Corp.
|
307,896
|
27,855
|
|
Chevron Corp.
|
133,530
|
16,391
|
|
Schlumberger Ltd.
|
91,433
|
6,677
|
|
ConocoPhillips
|
83,908
|
5,147
|
|
Occidental Petroleum Corp.
|
55,406
|
5,101
|
|
Anadarko Petroleum Corp.
|
34,369
|
3,006
|
|
Phillips 66
|
42,720
|
2,844
|
|
Halliburton Co.
|
60,895
|
2,548
|
|
EOG Resources Inc.
|
18,657
|
2,409
|
|
Apache Corp.
|
26,878
|
2,207
|
|
National Oilwell Varco Inc.
|
29,277
|
2,058
|
|
Marathon Petroleum Corp.
|
22,807
|
1,882
|
|
Kinder Morgan Inc.
|
45,601
|
1,732
|
|
Marathon Oil Corp.
|
48,623
|
1,672
|
|
Williams Cos. Inc.
|
46,775
|
1,646
|
|
Valero Energy Corp.
|
38,167
|
1,551
|
|
Devon Energy Corp.
|
26,522
|
1,508
|
|
Noble Energy Inc.
|
24,648
|
1,421
|
|
Spectra Energy Corp.
|
45,898
|
1,403
|
|
Baker Hughes Inc.
|
30,328
|
1,379
|
|
Hess Corp.
|
19,901
|
1,342
|
|
Pioneer Natural Resources Co.
|
9,105
|
1,263
|
|
* Cameron International Corp.
|
16,998
|
1,035
|
|
Ensco plc Class A
|
15,949
|
960
|
|
* Southwestern Energy Co.
|
24,119
|
909
|
|
* FMC Technologies Inc.
|
16,313
|
908
|
|
Chesapeake Energy Corp.
|
41,254
|
901
|
|
Murphy Oil Corp.
|
12,462
|
789
|
|
Noble Corp.
|
17,353
|
672
|
|
* Weatherford International Ltd.
|
25,992
|
351
|
|
* Continental Resources Inc.
|
3,246
|
263
|
|
|
|
99,830
|
|
|
|
|
|
Financials (16.9%)
|
|
|
|
Wells Fargo & Co.
|
362,193
|
14,687
|
|
JPMorgan Chase & Co.
|
263,110
|
14,363
|
|
* Berkshire Hathaway Inc. Class B
|
118,728
|
13,543
|
|
Citigroup Inc.
|
198,441
|
10,317
|
|
Bank of America Corp.
|
743,322
|
10,154
|
|
American Express Co.
|
75,870
|
5,744
|
|
Goldman Sachs Group Inc.
|
28,854
|
4,677
|
|
* American International Group Inc.
|
101,554
|
4,515
|
|
US Bancorp
|
127,993
|
4,487
|
|
Simon Property Group Inc.
|
21,377
|
3,558
|
|
MetLife Inc.
|
60,226
|
2,663
|
|
PNC Financial Services Group Inc.
|
36,305
|
2,601
|
|
Morgan Stanley
|
94,426
|
2,446
|
|
Capital One Financial Corp.
|
39,983
|
2,436
|
|
Bank of New York Mellon Corp.
|
79,880
|
2,401
|
|
Prudential Financial Inc.
|
31,825
|
2,195
|
|
Travelers Cos. Inc.
|
25,978
|
2,175
|
|
BlackRock Inc.
|
7,593
|
2,120
|
|
American Tower Corporation
|
27,134
|
2,112
|
|
ACE Ltd.
|
23,370
|
2,096
|
|
State Street Corp.
|
31,365
|
2,076
|
|
Aflac Inc.
|
32,213
|
1,794
|
|
Discover Financial Services
|
34,120
|
1,618
|
|
Allstate Corp.
|
32,883
|
1,586
|
|
BB&T Corp.
|
48,105
|
1,584
|
|
Chubb Corp.
|
17,960
|
1,564
|
|
Public Storage
|
10,017
|
1,521
|
|
Marsh & McLennan Cos. Inc.
|
37,675
|
1,508
|
|
Charles Schwab Corp.
|
74,606
|
1,482
|
|
HCP Inc.
|
31,203
|
1,478
|
|
CME Group Inc.
|
21,753
|
1,478
|
|
Franklin Resources Inc.
|
9,498
|
1,470
|
|
Ventas Inc.
|
20,101
|
1,435
|
|
Equity Residential
|
23,584
|
1,334
|
|
Aon plc
|
20,328
|
1,294
|
|
T. Rowe Price Group Inc.
|
16,859
|
1,279
|
|
SunTrust Banks Inc.
|
37,002
|
1,187
|
|
Ameriprise Financial Inc.
|
13,999
|
1,141
|
|
Weyerhaeuser Co.
|
37,472
|
1,117
|
|
Boston Properties Inc.
|
10,451
|
1,114
|
|
Fifth Third Bancorp
|
59,977
|
1,092
|
|
McGraw Hill Financial Inc.
|
19,332
|
1,055
|
|
Invesco Ltd.
|
30,400
|
1,026
|
|
Loews Corp.
|
21,481
|
984
|
|
Progressive Corp.
|
37,422
|
954
|
|
Vornado Realty Trust
|
11,525
|
921
|
|
Northern Trust Corp.
|
15,582
|
906
|
|
Host Hotels & Resorts Inc.
|
49,904
|
888
|
|
Annaly Capital Management Inc.
|
64,976
|
882
|
|
General Growth Properties Inc.
|
35,340
|
725
|
|
Prologis Inc.
|
16,980
|
684
|
|
TD Ameritrade Holding Corp.
|
14,961
|
351
|
|
* Berkshire Hathaway Inc. Class A
|
1
|
171
|
|
|
|
148,989
|
|
Health Care (12.8%)
|
|
|
|
Johnson & Johnson
|
192,154
|
16,176
|
|
|
|
|
|
Pfizer Inc.
|
494,057
|
13,453
|
|
Merck & Co. Inc.
|
207,681
|
9,699
|
|
* Gilead Sciences Inc.
|
104,574
|
5,697
|
|
Bristol-Myers Squibb Co.
|
112,518
|
5,177
|
|
Amgen Inc.
|
51,409
|
5,168
|
|
AbbVie Inc.
|
108,604
|
4,636
|
|
UnitedHealth Group Inc.
|
70,374
|
4,408
|
|
Abbott Laboratories
|
107,993
|
3,960
|
|
* Biogen Idec Inc.
|
16,242
|
3,857
|
|
Eli Lilly & Co.
|
70,250
|
3,734
|
|
* Celgene Corp.
|
29,075
|
3,595
|
|
Medtronic Inc.
|
69,467
|
3,544
|
|
* Express Scripts Holding Co.
|
56,215
|
3,492
|
|
Baxter International Inc.
|
37,478
|
2,636
|
|
Thermo Fisher Scientific Inc.
|
24,575
|
2,170
|
|
Covidien plc
|
32,464
|
2,065
|
|
Allergan Inc.
|
20,492
|
2,039
|
|
McKesson Corp.
|
16,026
|
1,825
|
|
WellPoint Inc.
|
20,887
|
1,608
|
|
Aetna Inc.
|
26,009
|
1,570
|
|
* Intuitive Surgical Inc.
|
2,758
|
1,372
|
|
Cigna Corp.
|
19,642
|
1,334
|
|
Becton Dickinson and Co.
|
13,328
|
1,314
|
|
* Alexion Pharmaceuticals Inc.
|
13,428
|
1,310
|
|
Stryker Corp.
|
19,640
|
1,304
|
|
Cardinal Health Inc.
|
23,480
|
1,103
|
|
Agilent Technologies Inc.
|
23,815
|
1,082
|
|
Zimmer Holdings Inc.
|
11,610
|
911
|
|
Humana Inc.
|
10,909
|
881
|
|
St. Jude Medical Inc.
|
19,548
|
845
|
|
HCA Holdings Inc.
|
18,201
|
711
|
|
Zoetis Inc.
|
6,796
|
217
|
|
|
|
112,893
|
|
Industrials (10.0%)
|
|
|
|
General Electric Co.
|
714,518
|
16,662
|
|
United Technologies Corp.
|
63,036
|
5,982
|
|
3M Co.
|
47,389
|
5,226
|
|
Boeing Co.
|
51,979
|
5,147
|
|
Union Pacific Corp.
|
32,290
|
4,993
|
|
United Parcel Service Inc. Class B
|
50,152
|
4,308
|
|
Honeywell International Inc.
|
53,884
|
4,228
|
|
Caterpillar Inc.
|
45,068
|
3,867
|
|
Emerson Electric Co.
|
49,633
|
2,852
|
|
Danaher Corp.
|
40,328
|
2,493
|
|
Lockheed Martin Corp.
|
22,173
|
2,346
|
|
Deere & Co.
|
26,782
|
2,333
|
|
Precision Castparts Corp.
|
10,103
|
2,161
|
|
Eaton Corp. plc
|
32,392
|
2,140
|
|
Illinois Tool Works Inc.
|
29,424
|
2,063
|
|
FedEx Corp.
|
20,504
|
1,975
|
|
General Dynamics Corp.
|
23,109
|
1,782
|
|
CSX Corp.
|
70,148
|
1,768
|
|
Norfolk Southern Corp.
|
21,564
|
1,652
|
|
Cummins Inc.
|
13,052
|
1,561
|
|
Raytheon Co.
|
22,491
|
1,499
|
|
Northrop Grumman Corp.
|
16,275
|
1,341
|
|
PACCAR Inc.
|
24,290
|
1,302
|
|
|
|
|
|
Waste Management Inc.
|
30,403
|
1,275
|
|
Ingersoll-Rand plc
|
19,293
|
1,110
|
|
Tyco International Ltd.
|
32,041
|
1,083
|
|
Parker Hannifin Corp.
|
10,212
|
1,019
|
|
Dover Corp.
|
11,987
|
938
|
|
Stanley Black & Decker Inc.
|
11,004
|
872
|
|
Rockwell Automation Inc.
|
9,565
|
842
|
|
Republic Services Inc. Class A
|
18,672
|
637
|
|
CH Robinson Worldwide Inc.
|
11,053
|
627
|
|
Fluor Corp.
|
4,992
|
315
|
|
|
|
88,399
|
|
Information Technology (18.9%)
|
|
|
|
Apple Inc.
|
64,532
|
29,019
|
|
Microsoft Corp.
|
518,057
|
18,070
|
|
* Google Inc. Class A
|
18,382
|
16,000
|
|
International Business Machines Corp.
|
76,585
|
15,931
|
|
Cisco Systems Inc.
|
366,332
|
8,821
|
|
Oracle Corp.
|
243,932
|
8,235
|
|
Intel Corp.
|
322,829
|
7,838
|
|
QUALCOMM Inc.
|
118,055
|
7,494
|
|
Visa Inc. Class A
|
36,430
|
6,490
|
|
* eBay Inc.
|
80,237
|
4,341
|
|
Mastercard Inc. Class A
|
7,299
|
4,162
|
|
Accenture plc Class A
|
44,315
|
3,639
|
|
* EMC Corp.
|
144,923
|
3,588
|
|
Hewlett-Packard Co.
|
134,071
|
3,274
|
|
Texas Instruments Inc.
|
76,005
|
2,728
|
|
* Facebook Inc. Class A
|
109,882
|
2,676
|
|
Automatic Data Processing Inc.
|
33,373
|
2,293
|
|
* Yahoo! Inc.
|
64,220
|
1,689
|
|
Corning Inc.
|
101,199
|
1,555
|
|
* Salesforce.com Inc.
|
36,298
|
1,536
|
|
* Adobe Systems Inc.
|
32,586
|
1,398
|
|
Dell Inc.
|
101,543
|
1,356
|
|
* Cognizant Technology Solutions Corp. Class A
|
20,724
|
1,340
|
|
TE Connectivity Ltd.
|
28,846
|
1,280
|
|
Broadcom Corp. Class A
|
35,559
|
1,277
|
|
Applied Materials Inc.
|
82,446
|
1,253
|
|
Intuit Inc.
|
19,344
|
1,130
|
|
* Symantec Corp.
|
47,294
|
1,059
|
|
Motorola Solutions Inc.
|
17,031
|
987
|
|
Analog Devices Inc.
|
21,056
|
967
|
|
* NetApp Inc.
|
24,745
|
929
|
|
Paychex Inc.
|
22,443
|
835
|
|
* Citrix Systems Inc.
|
12,845
|
827
|
|
Altera Corp.
|
21,907
|
727
|
|
CA Inc.
|
21,958
|
600
|
|
* Juniper Networks Inc.
|
33,373
|
592
|
|
Activision Blizzard Inc.
|
30,402
|
439
|
|
Xerox Corp.
|
39,888
|
351
|
|
* VMware Inc. Class A
|
2,863
|
204
|
|
|
|
166,930
|
|
Materials (3.0%)
|
|
|
|
Monsanto Co.
|
36,802
|
3,704
|
|
EI du Pont de Nemours & Co.
|
64,140
|
3,578
|
|
Dow Chemical Co.
|
82,833
|
2,854
|
|
|
|
|
|
Praxair Inc.
|
20,385
|
2,331
|
|
Freeport-McMoRan Copper & Gold Inc.
|
71,158
|
2,209
|
|
LyondellBasell Industries NV Class A
|
27,685
|
1,845
|
|
Ecolab Inc.
|
18,236
|
1,540
|
|
PPG Industries Inc.
|
9,332
|
1,434
|
|
International Paper Co.
|
30,332
|
1,400
|
|
Air Products & Chemicals Inc.
|
14,238
|
1,344
|
|
Mosaic Co.
|
19,413
|
1,181
|
|
Newmont Mining Corp.
|
33,821
|
1,159
|
|
Nucor Corp.
|
21,855
|
973
|
|
Alcoa Inc.
|
72,921
|
620
|
|
|
|
26,172
|
|
Telecommunication Services (3.0%)
|
|
|
|
AT&T Inc.
|
377,423
|
13,206
|
|
Verizon Communications Inc.
|
196,377
|
9,520
|
|
CenturyLink Inc.
|
43,010
|
1,469
|
|
* Crown Castle International Corp.
|
20,154
|
1,436
|
|
* Sprint Nextel Corp.
|
103,418
|
755
|
|
|
|
26,386
|
|
Utilities (2.7%)
|
|
|
|
Duke Energy Corp.
|
48,410
|
3,240
|
|
Southern Co.
|
59,680
|
2,620
|
|
Dominion Resources Inc.
|
39,589
|
2,239
|
|
NextEra Energy Inc.
|
29,124
|
2,202
|
|
Exelon Corp.
|
58,704
|
1,840
|
|
American Electric Power Co. Inc.
|
33,400
|
1,530
|
|
PG&E Corp.
|
30,196
|
1,356
|
|
Sempra Energy
|
15,852
|
1,289
|
|
PPL Corp.
|
40,070
|
1,190
|
|
Consolidated Edison Inc.
|
20,146
|
1,150
|
|
Public Service Enterprise Group Inc.
|
34,769
|
1,149
|
|
FirstEnergy Corp.
|
28,730
|
1,121
|
|
Edison International
|
22,483
|
1,033
|
|
Xcel Energy Inc.
|
33,571
|
964
|
|
Entergy Corp.
|
12,181
|
839
|
|
|
|
23,762
|
|
|
|
Total Investments (100.0%) (Cost $690,523)
|
|
882,852
|
|
Other Assets and Liabilities-Net (0.0%)
|
|
86
|
|
Net Assets (100%)
|
|
882,938
|
* Non-income-producing security.
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.
B.
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.
Vanguard Mega Cap Index Fund
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $690,523,000. Net unrealized appreciation of investment securities for tax purposes was $192,329,000, consisting of unrealized gains of $202,830,000 on securities that had risen in value since their purchase and $10,501,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Mega Cap Growth Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
1
|
|
|
|
Consumer Discretionary (20.0%)
|
|
|
|
Home Depot Inc.
|
293,785
|
23,109
|
|
Walt Disney Co.
|
319,405
|
20,148
|
|
* Amazon.com Inc.
|
71,485
|
19,232
|
|
Comcast Corp. Class A
|
476,525
|
19,132
|
|
McDonald's Corp.
|
197,129
|
19,037
|
|
News Corp. Class A
|
301,247
|
9,673
|
|
Starbucks Corp.
|
139,812
|
8,818
|
|
NIKE Inc. Class B
|
140,632
|
8,671
|
|
* priceline.com Inc.
|
9,905
|
7,963
|
|
TJX Cos. Inc.
|
136,185
|
6,892
|
|
* DIRECTV
|
107,055
|
6,544
|
|
Yum! Brands Inc.
|
88,503
|
5,996
|
|
Viacom Inc. Class B
|
89,186
|
5,876
|
|
CBS Corp. Class B
|
118,158
|
5,849
|
|
Time Warner Cable Inc.
|
57,991
|
5,539
|
|
Las Vegas Sands Corp.
|
72,901
|
4,221
|
|
Coach Inc.
|
55,039
|
3,207
|
|
VF Corp.
|
17,340
|
3,188
|
|
* Bed Bath & Beyond Inc.
|
42,337
|
2,890
|
|
* AutoZone Inc.
|
6,748
|
2,759
|
|
News Corp. Class B
|
85,261
|
2,749
|
|
Gap Inc.
|
66,025
|
2,677
|
|
Starwood Hotels & Resorts Worldwide Inc.
|
38,170
|
2,607
|
|
* Liberty Interactive Corp. Class A
|
100,938
|
2,266
|
|
* Liberty Media Corp. Class A
|
17,456
|
2,180
|
|
Wynn Resorts Ltd.
|
15,838
|
2,152
|
|
* Dollar General Corp.
|
30,473
|
1,609
|
|
Comcast Corp.
|
40,468
|
1,570
|
|
Sirius XM Radio Inc.
|
320,557
|
1,116
|
|
Viacom Inc. Class A
|
60
|
4
|
|
CBS Corp. Class A
|
50
|
2
|
|
|
|
207,676
|
|
Consumer Staples (9.2%)
|
|
|
|
Coca-Cola Co.
|
788,476
|
31,531
|
|
Philip Morris International Inc.
|
307,586
|
27,963
|
|
Colgate-Palmolive Co.
|
183,752
|
10,628
|
|
Costco Wholesale Corp.
|
85,645
|
9,393
|
|
Whole Foods Market Inc.
|
72,614
|
3,766
|
|
Mead Johnson Nutrition Co.
|
39,876
|
3,233
|
|
Lorillard Inc.
|
74,589
|
3,166
|
|
Estee Lauder Cos. Inc. Class A
|
46,684
|
3,164
|
|
Brown-Forman Corp. Class B
|
20,205
|
1,390
|
|
Hershey Co.
|
14,480
|
1,290
|
|
|
|
95,524
|
|
Energy (7.2%)
|
|
|
|
Schlumberger Ltd.
|
261,676
|
19,110
|
|
Anadarko Petroleum Corp.
|
98,358
|
8,603
|
|
EOG Resources Inc.
|
53,390
|
6,893
|
|
|
|
|
|
National Oilwell Varco Inc.
|
83,726
|
5,886
|
|
Kinder Morgan Inc.
|
130,448
|
4,954
|
|
Williams Cos. Inc.
|
133,765
|
4,706
|
|
Noble Energy Inc.
|
70,288
|
4,052
|
|
Halliburton Co.
|
86,953
|
3,639
|
|
Pioneer Natural Resources Co.
|
25,874
|
3,588
|
|
* Cameron International Corp.
|
48,818
|
2,972
|
|
Ensco plc Class A
|
45,819
|
2,757
|
|
* Southwestern Energy Co.
|
69,189
|
2,608
|
|
* FMC Technologies Inc.
|
46,727
|
2,601
|
|
Noble Corp.
|
49,805
|
1,930
|
|
* Continental Resources Inc.
|
9,163
|
743
|
|
|
|
75,042
|
|
Financials (9.5%)
|
|
|
|
American Express Co.
|
217,203
|
16,445
|
|
Simon Property Group Inc.
|
60,888
|
10,134
|
|
* American International Group Inc.
|
145,106
|
6,451
|
|
BlackRock Inc.
|
21,719
|
6,064
|
|
American Tower Corporation
|
77,614
|
6,042
|
|
Public Storage
|
28,685
|
4,354
|
|
Marsh & McLennan Cos. Inc.
|
107,727
|
4,311
|
|
Charles Schwab Corp.
|
213,452
|
4,239
|
|
HCP Inc.
|
89,213
|
4,227
|
|
Franklin Resources Inc.
|
27,168
|
4,206
|
|
Ventas Inc.
|
57,308
|
4,090
|
|
Equity Residential
|
67,328
|
3,807
|
|
T. Rowe Price Group Inc.
|
48,136
|
3,652
|
|
Weyerhaeuser Co.
|
107,140
|
3,195
|
|
Boston Properties Inc.
|
29,759
|
3,172
|
|
McGraw Hill Financial Inc.
|
55,195
|
3,011
|
|
Invesco Ltd.
|
86,800
|
2,929
|
|
Vornado Realty Trust
|
32,951
|
2,634
|
|
Host Hotels & Resorts Inc.
|
142,963
|
2,543
|
|
Prologis Inc.
|
48,505
|
1,955
|
|
General Growth Properties Inc.
|
50,678
|
1,040
|
|
|
|
98,501
|
|
Health Care (8.6%)
|
|
|
|
* Gilead Sciences Inc.
|
299,313
|
16,307
|
|
Amgen Inc.
|
147,010
|
14,779
|
|
* Biogen Idec Inc.
|
46,472
|
11,037
|
|
* Celgene Corp.
|
83,186
|
10,286
|
|
* Express Scripts Holding Co.
|
160,791
|
9,988
|
|
AbbVie Inc.
|
155,347
|
6,632
|
|
Allergan Inc.
|
58,517
|
5,822
|
|
* Intuitive Surgical Inc.
|
7,892
|
3,926
|
|
* Alexion Pharmaceuticals Inc.
|
38,386
|
3,744
|
|
Stryker Corp.
|
56,184
|
3,730
|
|
Agilent Technologies Inc.
|
68,257
|
3,102
|
|
Zoetis Inc.
|
19,356
|
619
|
|
|
|
89,972
|
|
Industrials (6.3%)
|
|
|
|
3M Co.
|
135,685
|
14,962
|
|
Union Pacific Corp.
|
92,253
|
14,264
|
|
United Parcel Service Inc. Class B
|
143,497
|
12,326
|
|
Danaher Corp.
|
115,372
|
7,132
|
|
Precision Castparts Corp.
|
28,771
|
6,155
|
|
|
|
|
|
|
|
|
|
Cummins Inc.
|
|
|
37,356
|
4,469
|
|
|
Stanley Black & Decker Inc.
|
|
|
31,475
|
2,494
|
|
|
Rockwell Automation Inc.
|
|
|
27,548
|
2,425
|
|
|
CH Robinson Worldwide Inc.
|
|
|
31,520
|
1,787
|
|
|
|
|
|
|
66,014
|
|
Information Technology (35.6%)
|
|
|
|
|
|
|
Apple Inc.
|
|
|
184,564
|
82,995
|
|
*
|
Google Inc. Class A
|
|
|
52,567
|
45,755
|
|
|
International Business Machines Corp.
|
|
|
219,076
|
45,572
|
|
|
Oracle Corp.
|
|
|
697,999
|
23,564
|
|
|
Intel Corp.
|
|
|
923,658
|
22,426
|
|
|
QUALCOMM Inc.
|
|
|
337,767
|
21,441
|
|
|
Visa Inc. Class A
|
|
|
104,033
|
18,532
|
|
*
|
eBay Inc.
|
|
|
229,199
|
12,400
|
|
|
Mastercard Inc. Class A
|
|
|
20,878
|
11,906
|
|
|
Accenture plc Class A
|
|
|
126,571
|
10,393
|
|
*
|
EMC Corp.
|
|
|
414,413
|
10,261
|
|
|
Texas Instruments Inc.
|
|
|
217,049
|
7,790
|
|
*
|
Facebook Inc. Class A
|
|
|
314,211
|
7,651
|
|
|
Automatic Data Processing Inc.
|
|
|
95,153
|
6,539
|
|
*
|
Yahoo! Inc.
|
|
|
183,858
|
4,835
|
|
*
|
Salesforce.com Inc.
|
|
|
103,741
|
4,391
|
|
*
|
Adobe Systems Inc.
|
|
|
93,098
|
3,995
|
|
*
|
Cognizant Technology Solutions Corp. Class A
|
|
|
59,361
|
3,838
|
|
|
Broadcom Corp. Class A
|
|
|
101,818
|
3,656
|
|
|
Intuit Inc.
|
|
|
55,437
|
3,240
|
|
|
Motorola Solutions Inc.
|
|
|
48,894
|
2,834
|
|
|
Analog Devices Inc.
|
|
|
60,219
|
2,766
|
|
*
|
NetApp Inc.
|
|
|
71,054
|
2,667
|
|
|
Paychex Inc.
|
|
|
64,508
|
2,401
|
|
*
|
Citrix Systems Inc.
|
|
|
36,752
|
2,365
|
|
|
Altera Corp.
|
|
|
62,578
|
2,077
|
|
|
Applied Materials Inc.
|
|
|
118,400
|
1,800
|
|
*
|
Juniper Networks Inc.
|
|
|
94,678
|
1,679
|
|
*
|
VMware Inc. Class A
|
|
|
8,154
|
580
|
|
|
|
|
|
|
370,349
|
|
Materials (3.0%)
|
|
|
|
|
|
|
Monsanto Co.
|
|
|
105,087
|
10,576
|
|
|
Praxair Inc.
|
|
|
58,190
|
6,653
|
|
|
Ecolab Inc.
|
|
|
52,157
|
4,406
|
|
|
PPG Industries Inc.
|
|
|
26,687
|
4,099
|
|
|
Mosaic Co.
|
|
|
55,445
|
3,372
|
|
|
Newmont Mining Corp.
|
|
|
48,550
|
1,664
|
|
|
|
|
|
|
30,770
|
|
Telecommunication Services (0.6%)
|
|
|
|
|
|
*
|
Crown Castle International Corp.
|
|
|
57,714
|
4,112
|
|
|
CenturyLink Inc.
|
|
|
61,571
|
2,103
|
|
|
|
|
|
|
6,215
|
|
Total Common Stocks (Cost $855,259)
|
|
|
|
1,040,063
|
|
|
|
|
|
Face
|
|
|
|
|
|
Maturity
|
Amount
|
|
|
|
|
Coupon
|
Date
|
($000)
|
|
|
Temporary Cash Investments (0.1%)
1
|
|
|
|
|
|
U.S. Government and Agency Obligations (0.1%)
|
|
|
|
|
|
2,3
Fannie Mae Discount Notes
|
0.120%
|
6/5/13
|
300
|
300
|
|
|
|
|
|
|
|
4 Federal Home Loan Bank Discount Notes
|
0.115%
|
6/5/13
|
1,000
|
1,000
|
|
|
|
|
|
1,300
|
|
Total Temporary Cash Investments (Cost $1,300)
|
|
|
|
1,300
|
|
Total Investments (100.1%) (Cost $856,559)
|
|
|
|
1,041,363
|
|
Other Assets and Liabilities-Net (-0.1%)
|
|
|
|
(793)
|
|
Net Assets (100%)
|
|
|
|
1,040,570
|
* Non-income-producing security.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.1%, respectively, of net assets.
2 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
3 Securities with a value of $300,000 have been segregated as initial margin for open futures contracts.
4 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
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. 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.
B.
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).
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
Common Stocks
|
1,040,063
|
—
|
—
|
|
Temporary Cash Investments
|
—
|
1,300
|
—
|
|
Futures Contracts—Liabilities
1
|
(7)
|
—
|
—
|
|
Total
|
1,040,056
|
1,300
|
—
|
|
1 Represents variation margin on the last day of the reporting period.
|
Mega Cap Growth Index Fund
C.
Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.
Futures contracts are valued at their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Schedule of Investments as an asset (liability).
At May 31, 2013, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
|
|
|
|
|
|
|
|
|
|
($000)
|
|
|
|
|
|
Aggregate
|
|
|
|
|
Number of
|
Settlement
|
Unrealized
|
|
|
|
Long (Short)
|
Value
|
Appreciation
|
|
Futures Contracts
|
Expiration
|
Contracts
|
Long (Short)
|
(Depreciation)
|
|
E-mini S&P 500 Index
|
June 2013
|
6
|
489
|
1
|
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
D.
At May 31, 2013, the cost of investment securities for tax purposes was $856,559,000. Net unrealized appreciation of investment securities for tax purposes was $184,804,000, consisting of unrealized gains of $191,157,000 on securities that had risen in value since their purchase and $6,353,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Mega Cap Value Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Consumer Discretionary (3.9%)
|
|
|
|
Ford Motor Co.
|
375,697
|
5,891
|
|
Time Warner Inc.
|
86,689
|
5,060
|
|
Lowe's Cos. Inc.
|
108,406
|
4,565
|
|
Target Corp.
|
62,874
|
4,370
|
|
Johnson Controls Inc.
|
66,715
|
2,492
|
|
* General Motors Co.
|
66,660
|
2,259
|
|
Omnicom Group Inc.
|
25,589
|
1,590
|
|
Carnival Corp.
|
46,275
|
1,532
|
|
Kohl's Corp.
|
20,316
|
1,044
|
|
|
|
28,803
|
|
Consumer Staples (12.2%)
|
|
|
|
Procter & Gamble Co.
|
266,451
|
20,453
|
|
Wal-Mart Stores Inc.
|
163,148
|
12,210
|
|
PepsiCo Inc.
|
150,540
|
12,159
|
|
Altria Group Inc.
|
195,901
|
7,072
|
|
CVS Caremark Corp.
|
120,175
|
6,920
|
|
Mondelez International Inc. Class A
|
173,470
|
5,110
|
|
Walgreen Co.
|
82,995
|
3,964
|
|
Kimberly-Clark Corp.
|
37,785
|
3,659
|
|
Kraft Foods Group Inc.
|
57,749
|
3,184
|
|
General Mills Inc.
|
63,067
|
2,969
|
|
HJ Heinz Co.
|
31,329
|
2,267
|
|
Archer-Daniels-Midland Co.
|
64,309
|
2,073
|
|
Sysco Corp.
|
57,208
|
1,933
|
|
Kellogg Co.
|
28,323
|
1,757
|
|
Kroger Co.
|
48,134
|
1,621
|
|
Reynolds American Inc.
|
32,426
|
1,560
|
|
Campbell Soup Co.
|
20,086
|
860
|
|
|
|
89,771
|
|
Energy (14.2%)
|
|
|
|
Exxon Mobil Corp.
|
437,181
|
39,552
|
|
Chevron Corp.
|
189,554
|
23,268
|
|
ConocoPhillips
|
119,034
|
7,301
|
|
Occidental Petroleum Corp.
|
78,603
|
7,237
|
|
Phillips 66
|
60,555
|
4,031
|
|
Apache Corp.
|
38,180
|
3,136
|
|
Marathon Petroleum Corp.
|
32,291
|
2,664
|
|
Marathon Oil Corp.
|
69,128
|
2,377
|
|
Valero Energy Corp.
|
53,969
|
2,193
|
|
Devon Energy Corp.
|
37,636
|
2,140
|
|
Spectra Energy Corp.
|
65,290
|
1,996
|
|
Baker Hughes Inc.
|
43,205
|
1,965
|
|
Hess Corp.
|
28,330
|
1,910
|
|
Halliburton Co.
|
43,288
|
1,811
|
|
Chesapeake Energy Corp.
|
58,276
|
1,273
|
|
Murphy Oil Corp.
|
17,708
|
1,121
|
|
* Weatherford International Ltd.
|
37,079
|
500
|
|
|
|
104,475
|
|
|
|
|
|
Financials (22.0%)
|
|
|
|
Wells Fargo & Co.
|
514,088
|
20,846
|
|
JPMorgan Chase & Co.
|
373,263
|
20,376
|
|
* Berkshire Hathaway Inc. Class B
|
169,169
|
19,297
|
|
Citigroup Inc.
|
281,534
|
14,637
|
|
Bank of America Corp.
|
1,055,706
|
14,421
|
|
Goldman Sachs Group Inc.
|
40,840
|
6,619
|
|
US Bancorp
|
181,810
|
6,374
|
|
MetLife Inc.
|
85,266
|
3,770
|
|
PNC Financial Services Group Inc.
|
51,492
|
3,689
|
|
Morgan Stanley
|
133,928
|
3,469
|
|
Capital One Financial Corp.
|
56,696
|
3,455
|
|
Bank of New York Mellon Corp.
|
113,237
|
3,404
|
|
* American International Group Inc.
|
71,934
|
3,198
|
|
Prudential Financial Inc.
|
45,079
|
3,109
|
|
Travelers Cos. Inc.
|
36,820
|
3,083
|
|
ACE Ltd.
|
33,153
|
2,973
|
|
State Street Corp.
|
44,522
|
2,947
|
|
Aflac Inc.
|
45,614
|
2,540
|
|
Discover Financial Services
|
48,415
|
2,295
|
|
BB&T Corp.
|
68,283
|
2,248
|
|
Allstate Corp.
|
46,571
|
2,247
|
|
Chubb Corp.
|
25,489
|
2,220
|
|
CME Group Inc.
|
30,953
|
2,103
|
|
Aon plc
|
28,948
|
1,843
|
|
SunTrust Banks Inc.
|
52,691
|
1,691
|
|
Ameriprise Financial Inc.
|
19,956
|
1,627
|
|
Fifth Third Bancorp
|
85,520
|
1,556
|
|
Loews Corp.
|
30,692
|
1,406
|
|
Progressive Corp.
|
52,787
|
1,346
|
|
Northern Trust Corp.
|
22,067
|
1,283
|
|
Annaly Capital Management Inc.
|
92,640
|
1,258
|
|
General Growth Properties Inc.
|
25,090
|
515
|
|
TD Ameritrade Holding Corp.
|
21,332
|
500
|
|
* Berkshire Hathaway Inc. Class A
|
1
|
171
|
|
|
|
162,516
|
|
Health Care (15.7%)
|
|
|
|
Johnson & Johnson
|
272,631
|
22,950
|
|
Pfizer Inc.
|
701,108
|
19,091
|
|
Merck & Co. Inc.
|
294,894
|
13,771
|
|
Bristol-Myers Squibb Co.
|
159,675
|
7,347
|
|
UnitedHealth Group Inc.
|
99,943
|
6,259
|
|
Abbott Laboratories
|
153,171
|
5,617
|
|
Eli Lilly & Co.
|
99,602
|
5,295
|
|
Medtronic Inc.
|
98,816
|
5,041
|
|
Baxter International Inc.
|
53,222
|
3,743
|
|
AbbVie Inc.
|
77,004
|
3,287
|
|
Thermo Fisher Scientific Inc.
|
34,934
|
3,085
|
|
Covidien plc
|
46,047
|
2,929
|
|
McKesson Corp.
|
22,719
|
2,587
|
|
WellPoint Inc.
|
29,665
|
2,283
|
|
Aetna Inc.
|
36,849
|
2,225
|
|
Cigna Corp.
|
27,974
|
1,899
|
|
Becton Dickinson and Co.
|
18,938
|
1,868
|
|
Cardinal Health Inc.
|
33,333
|
1,565
|
|
Zimmer Holdings Inc.
|
16,447
|
1,291
|
|
Humana Inc.
|
15,487
|
1,251
|
|
|
|
|
|
St. Jude Medical Inc.
|
27,474
|
1,188
|
|
HCA Holdings Inc.
|
25,852
|
1,010
|
|
|
|
115,582
|
|
Industrials (12.6%)
|
|
|
|
General Electric Co.
|
1,014,527
|
23,659
|
|
United Technologies Corp.
|
89,426
|
8,486
|
|
Boeing Co.
|
73,841
|
7,312
|
|
Honeywell International Inc.
|
76,479
|
6,001
|
|
Caterpillar Inc.
|
63,843
|
5,478
|
|
Emerson Electric Co.
|
70,330
|
4,041
|
|
Lockheed Martin Corp.
|
31,482
|
3,332
|
|
Deere & Co.
|
38,034
|
3,313
|
|
Eaton Corp. plc
|
45,928
|
3,034
|
|
Illinois Tool Works Inc.
|
41,810
|
2,932
|
|
FedEx Corp.
|
29,215
|
2,815
|
|
General Dynamics Corp.
|
32,678
|
2,519
|
|
CSX Corp.
|
99,653
|
2,512
|
|
Norfolk Southern Corp.
|
30,753
|
2,355
|
|
Raytheon Co.
|
31,848
|
2,122
|
|
Northrop Grumman Corp.
|
23,153
|
1,908
|
|
PACCAR Inc.
|
34,530
|
1,851
|
|
Waste Management Inc.
|
43,213
|
1,812
|
|
Ingersoll-Rand plc
|
27,341
|
1,573
|
|
Tyco International Ltd.
|
45,262
|
1,530
|
|
Parker Hannifin Corp.
|
14,597
|
1,456
|
|
Dover Corp.
|
17,145
|
1,342
|
|
Republic Services Inc. Class A
|
26,265
|
896
|
|
Fluor Corp.
|
7,103
|
449
|
|
|
|
92,728
|
|
Information Technology (7.2%)
|
|
|
|
Microsoft Corp.
|
735,449
|
25,653
|
|
Cisco Systems Inc.
|
520,196
|
12,526
|
|
Hewlett-Packard Co.
|
190,182
|
4,644
|
|
Corning Inc.
|
143,701
|
2,209
|
|
Dell Inc.
|
144,320
|
1,927
|
|
TE Connectivity Ltd.
|
41,021
|
1,821
|
|
* Symantec Corp.
|
67,436
|
1,510
|
|
Applied Materials Inc.
|
58,205
|
885
|
|
CA Inc.
|
30,978
|
846
|
|
Activision Blizzard Inc.
|
43,189
|
623
|
|
Xerox Corp.
|
56,455
|
496
|
|
|
|
53,140
|
|
Materials (3.0%)
|
|
|
|
EI du Pont de Nemours & Co.
|
91,201
|
5,088
|
|
Dow Chemical Co.
|
117,293
|
4,042
|
|
Freeport-McMoRan Copper & Gold Inc.
|
100,950
|
3,135
|
|
LyondellBasell Industries NV Class A
|
39,209
|
2,613
|
|
International Paper Co.
|
43,065
|
1,987
|
|
Air Products & Chemicals Inc.
|
20,315
|
1,918
|
|
Nucor Corp.
|
31,075
|
1,383
|
|
Alcoa Inc.
|
103,568
|
880
|
|
Newmont Mining Corp.
|
23,970
|
822
|
|
|
|
21,868
|
|
Telecommunication Services (4.6%)
|
|
|
|
AT&T Inc.
|
535,594
|
18,740
|
|
Verizon Communications Inc.
|
278,823
|
13,517
|
|
|
|
|
|
|
|
|
*
|
Sprint Nextel Corp.
|
|
|
146,141
|
1,067
|
|
|
CenturyLink Inc.
|
|
|
30,616
|
1,046
|
|
|
|
|
|
|
34,370
|
|
Utilities (4.6%)
|
|
|
|
|
|
|
Duke Energy Corp.
|
|
|
68,647
|
4,594
|
|
|
Southern Co.
|
|
|
84,660
|
3,717
|
|
|
Dominion Resources Inc.
|
|
|
56,109
|
3,173
|
|
|
NextEra Energy Inc.
|
|
|
41,296
|
3,123
|
|
|
Exelon Corp.
|
|
|
83,302
|
2,611
|
|
|
American Electric Power Co. Inc.
|
|
|
47,295
|
2,167
|
|
|
PG&E Corp.
|
|
|
42,902
|
1,927
|
|
|
Sempra Energy
|
|
|
22,638
|
1,840
|
|
|
PPL Corp.
|
|
|
56,920
|
1,690
|
|
|
Consolidated Edison Inc.
|
|
|
28,627
|
1,634
|
|
|
Public Service Enterprise Group Inc.
|
|
|
49,363
|
1,631
|
|
|
FirstEnergy Corp.
|
|
|
40,869
|
1,594
|
|
|
Edison International
|
|
|
31,828
|
1,462
|
|
|
Xcel Energy Inc.
|
|
|
47,728
|
1,371
|
|
|
Entergy Corp.
|
|
|
17,421
|
1,200
|
|
|
|
|
|
|
33,734
|
|
Total Common Stocks (Cost $618,586)
|
|
|
|
736,987
|
|
|
|
|
|
Face
|
|
|
|
|
|
Maturity
|
Amount
|
|
|
|
|
Coupon
|
Date
|
($000)
|
|
|
Temporary Cash Investments (0.1%)
|
|
|
|
|
|
U.S. Government and Agency Obligations (0.1%)
|
|
|
|
|
|
1
|
Fannie Mae Discount Notes
|
0.120%
|
6/5/13
|
300
|
300
|
|
1
|
Freddie Mac Discount Notes
|
0.130%
|
9/16/13
|
100
|
100
|
|
|
|
|
|
|
400
|
|
Total Temporary Cash Investments (Cost $400)
|
|
|
|
400
|
|
Total Investments (100.1%) (Cost $618,986)
|
|
|
|
737,387
|
|
Other Assets and Liabilities-Net (-0.1%)
|
|
|
|
(459)
|
|
Net Assets (100%)
|
|
|
|
736,928
|
* Non-income-producing security.
1 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
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. 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.
B.
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
Mega Cap Value Index Fund
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).
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
Common Stocks
|
736,987
|
—
|
—
|
|
Temporary Cash Investments
|
—
|
400
|
—
|
|
Total
|
736,987
|
400
|
—
|
C.
At May 31, 2013, the cost of investment securities for tax purposes was $618,986,000. Net unrealized appreciation of investment securities for tax purposes was $118,401,000, consisting of unrealized gains of $127,125,000 on securities that had risen in value since their purchase and $8,724,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Extended Duration Treasury Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
|
Face
|
Market
|
|
|
|
Maturity
|
Amount
|
Value
|
|
|
Coupon
|
Date
|
($000)
|
($000)
|
|
U.S. Government and Agency Obligations (100.1%)
|
|
|
|
|
|
U.S. Government Securities (100.1%)
|
|
|
|
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/33
|
22,475
|
11,522
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/33
|
23,040
|
11,691
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/34
|
24,635
|
12,375
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/34
|
22,240
|
11,068
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/34
|
21,260
|
10,477
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/34
|
21,340
|
10,420
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/35
|
23,495
|
11,357
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/35
|
21,520
|
10,298
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/35
|
21,860
|
10,365
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/35
|
22,490
|
10,562
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/36
|
21,725
|
10,107
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/36
|
19,725
|
9,078
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/36
|
21,700
|
9,892
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/36
|
22,315
|
10,061
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/37
|
21,060
|
9,386
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/37
|
19,000
|
8,393
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/37
|
19,940
|
8,725
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/37
|
21,685
|
9,391
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/38
|
20,725
|
8,881
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/38
|
21,600
|
9,160
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/38
|
20,895
|
8,779
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/38
|
20,300
|
8,442
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/39
|
21,600
|
8,890
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/39
|
21,850
|
8,926
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/39
|
22,745
|
9,196
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/39
|
20,620
|
8,248
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/40
|
21,750
|
8,627
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/40
|
19,935
|
7,831
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/40
|
21,150
|
8,215
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/40
|
25,205
|
9,694
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/41
|
25,850
|
9,849
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/41
|
23,500
|
8,879
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/41
|
29,500
|
11,005
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/41
|
24,200
|
8,945
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/42
|
26,365
|
9,642
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/42
|
23,415
|
8,470
|
|
United States Treasury Strip Coupon
|
0.000%
|
8/15/42
|
9,000
|
3,224
|
|
United States Treasury Strip Coupon
|
0.000%
|
11/15/42
|
5,000
|
1,776
|
|
United States Treasury Strip Coupon
|
0.000%
|
2/15/43
|
50
|
18
|
|
United States Treasury Strip Coupon
|
0.000%
|
5/15/43
|
50
|
17
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/36
|
20,250
|
9,532
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/37
|
18,850
|
8,491
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/37
|
18,755
|
8,364
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/38
|
20,200
|
8,732
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/38
|
19,845
|
8,496
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/39
|
19,905
|
8,251
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/39
|
21,235
|
8,729
|
|
United States Treasury Strip Principal
|
0.000%
|
8/15/39
|
22,200
|
9,043
|
|
United States Treasury Strip Principal
|
0.000%
|
11/15/39
|
22,350
|
9,010
|
|
|
|
|
|
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/40
|
20,945
|
8,363
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/40
|
20,800
|
8,218
|
|
United States Treasury Strip Principal
|
0.000%
|
8/15/40
|
21,630
|
8,442
|
|
United States Treasury Strip Principal
|
0.000%
|
11/15/40
|
23,505
|
9,084
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/41
|
28,085
|
10,767
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/41
|
31,555
|
11,956
|
|
United States Treasury Strip Principal
|
0.000%
|
8/15/41
|
30,220
|
11,318
|
|
United States Treasury Strip Principal
|
0.000%
|
11/15/41
|
34,395
|
12,737
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/42
|
32,425
|
11,873
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/42
|
34,685
|
12,568
|
|
United States Treasury Strip Principal
|
0.000%
|
8/15/42
|
37,110
|
13,307
|
|
United States Treasury Strip Principal
|
0.000%
|
11/15/42
|
31,580
|
11,221
|
|
United States Treasury Strip Principal
|
0.000%
|
2/15/43
|
26,500
|
9,331
|
|
United States Treasury Strip Principal
|
0.000%
|
5/15/43
|
9,050
|
3,162
|
|
Total U.S. Government and Agency Obligations (Cost $517,409)
|
|
|
572,877
|
|
|
|
|
|
Market
|
|
|
|
|
|
Value
|
|
|
Coupon
|
|
Shares
|
($000)
|
|
Temporary Cash Investment (0.0%)
|
|
|
|
|
|
Money Market Fund (0.0%)
|
|
|
|
|
|
1 Vanguard Market Liquidity Fund (Cost $121)
|
0.136%
|
|
121,466
|
121
|
|
|
|
Total Investments (100.1%) (Cost $517,530)
|
|
|
|
572,998
|
|
Other Assets and Liabilities-Net (-0.1%)
|
|
|
|
(806)
|
|
Net Assets (100%)
|
|
|
|
572,192
|
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
A.
Security Valuation: Bonds, and 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. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. 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 board of trustees to represent fair value.
B.
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).
Extended Duration Treasury Index Fund
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
U.S. Government and Agency Obligations
|
—
|
572,877
|
—
|
|
Temporary Cash Investment
|
121
|
—
|
—
|
|
Total
|
121
|
572,877
|
—
|
C.
At May 31, 2013, the cost of investment securities for tax purposes was $517,530,000. Net unrealized appreciation of investment securities for tax purposes was $55,468,000, consisting of unrealized gains of $70,938,000 on securities that had risen in value since their purchase and $15,470,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Consumer Discretionary Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (99.9%)
|
|
|
|
Auto Components (4.1%)
|
|
|
|
Johnson Controls Inc.
|
263,971
|
9,862
|
|
Delphi Automotive plc
|
115,190
|
5,622
|
|
* BorgWarner Inc.
|
44,433
|
3,602
|
|
Autoliv Inc.
|
36,920
|
2,897
|
|
* TRW Automotive Holdings Corp.
|
43,806
|
2,775
|
|
Lear Corp.
|
36,765
|
2,205
|
|
* Goodyear Tire & Rubber Co.
|
95,326
|
1,443
|
|
Gentex Corp.
|
55,046
|
1,259
|
|
* Visteon Corp.
|
18,172
|
1,153
|
|
Dana Holding Corp.
|
56,561
|
1,070
|
|
* Tenneco Inc.
|
23,613
|
1,048
|
|
Cooper Tire & Rubber Co.
|
23,594
|
610
|
|
Dorman Products Inc.
|
11,391
|
507
|
|
* American Axle & Manufacturing Holdings Inc.
|
25,886
|
461
|
|
Allison Transmission Holdings Inc.
|
14,295
|
340
|
|
Drew Industries Inc.
|
8,220
|
311
|
|
Standard Motor Products Inc.
|
7,932
|
268
|
|
* Gentherm Inc.
|
11,479
|
211
|
|
* Modine Manufacturing Co.
|
18,433
|
189
|
|
Superior Industries International Inc.
|
8,959
|
163
|
|
* Stoneridge Inc.
|
10,318
|
116
|
|
* Federal-Mogul Corp.
|
9,181
|
90
|
|
* Fuel Systems Solutions Inc.
|
5,514
|
86
|
|
* Tower International Inc.
|
2,453
|
46
|
|
|
|
36,334
|
|
Automobiles (4.6%)
|
|
|
|
Ford Motor Co.
|
1,412,695
|
22,151
|
|
* General Motors Co.
|
289,223
|
9,802
|
|
Harley-Davidson Inc.
|
86,955
|
4,743
|
|
* Tesla Motors Inc.
|
26,457
|
2,586
|
|
Thor Industries Inc.
|
17,419
|
744
|
|
* Winnebago Industries Inc.
|
10,953
|
227
|
|
|
|
40,253
|
|
Distributors (1.0%)
|
|
|
|
Genuine Parts Co.
|
59,719
|
4,643
|
|
* LKQ Corp.
|
114,863
|
2,812
|
|
Pool Corp.
|
17,889
|
920
|
|
Core-Mark Holding Co. Inc.
|
4,037
|
239
|
|
Weyco Group Inc.
|
2,578
|
62
|
|
|
|
8,676
|
|
Diversified Consumer Services (1.4%)
|
|
|
|
H&R Block Inc.
|
104,766
|
3,066
|
|
Service Corp. International
|
82,066
|
1,476
|
|
Sotheby's
|
25,957
|
967
|
|
* Apollo Group Inc. Class A
|
38,962
|
779
|
|
DeVry Inc.
|
22,034
|
688
|
|
* Coinstar Inc.
|
10,702
|
623
|
|
Hillenbrand Inc.
|
24,158
|
576
|
|
|
|
|
|
* Grand Canyon Education Inc.
|
16,361
|
526
|
|
Weight Watchers International Inc.
|
11,137
|
511
|
|
Regis Corp.
|
21,732
|
400
|
|
Matthews International Corp. Class A
|
10,377
|
398
|
|
Stewart Enterprises Inc. Class A
|
28,956
|
376
|
|
* Ascent Capital Group Inc. Class A
|
4,481
|
325
|
|
* K12 Inc.
|
10,202
|
303
|
|
* Steiner Leisure Ltd.
|
5,154
|
262
|
|
* American Public Education Inc.
|
6,417
|
244
|
|
Strayer Education Inc.
|
4,371
|
234
|
|
* Capella Education Co.
|
4,726
|
206
|
|
* LifeLock Inc.
|
16,689
|
172
|
|
* ITT Educational Services Inc.
|
6,798
|
163
|
|
Universal Technical Institute Inc.
|
8,320
|
98
|
|
* Bridgepoint Education Inc.
|
6,614
|
85
|
|
* Corinthian Colleges Inc.
|
29,629
|
77
|
|
* Career Education Corp.
|
19,743
|
59
|
|
|
|
12,614
|
|
Hotels, Restaurants & Leisure (15.6%)
|
|
|
|
McDonald's Corp.
|
386,445
|
37,319
|
|
Starbucks Corp.
|
288,921
|
18,222
|
|
Yum! Brands Inc.
|
173,939
|
11,784
|
|
Las Vegas Sands Corp.
|
158,660
|
9,186
|
|
Starwood Hotels & Resorts Worldwide Inc.
|
74,486
|
5,087
|
|
Carnival Corp.
|
148,154
|
4,904
|
|
* Chipotle Mexican Grill Inc. Class A
|
11,936
|
4,309
|
|
Wynn Resorts Ltd.
|
31,127
|
4,230
|
|
Marriott International Inc. Class A
|
96,132
|
4,039
|
|
Wyndham Worldwide Corp.
|
52,574
|
3,056
|
|
Darden Restaurants Inc.
|
49,788
|
2,579
|
|
* MGM Resorts International
|
150,744
|
2,287
|
|
* Panera Bread Co. Class A
|
10,964
|
2,103
|
|
Royal Caribbean Cruises Ltd.
|
59,085
|
2,069
|
|
International Game Technology
|
102,019
|
1,824
|
|
Dunkin' Brands Group Inc.
|
40,973
|
1,623
|
|
* Penn National Gaming Inc.
|
25,474
|
1,402
|
|
Domino's Pizza Inc.
|
21,784
|
1,291
|
|
Six Flags Entertainment Corp.
|
14,453
|
1,078
|
|
Brinker International Inc.
|
27,197
|
1,066
|
|
* Bally Technologies Inc.
|
16,241
|
925
|
|
Vail Resorts Inc.
|
13,805
|
884
|
|
* Life Time Fitness Inc.
|
15,766
|
786
|
|
Cheesecake Factory Inc.
|
19,242
|
768
|
|
* Hyatt Hotels Corp. Class A
|
17,972
|
739
|
|
* Buffalo Wild Wings Inc.
|
7,200
|
691
|
|
Cracker Barrel Old Country Store Inc.
|
7,683
|
687
|
|
Wendy's Co.
|
113,261
|
674
|
|
Texas Roadhouse Inc. Class A
|
24,619
|
582
|
|
* Jack in the Box Inc.
|
15,915
|
581
|
|
* WMS Industries Inc.
|
20,956
|
531
|
|
Burger King Worldwide Inc.
|
27,109
|
501
|
|
Bob Evans Farms Inc.
|
10,662
|
492
|
|
Choice Hotels International Inc.
|
12,362
|
488
|
|
DineEquity Inc.
|
6,373
|
461
|
|
* Pinnacle Entertainment Inc.
|
23,108
|
455
|
|
* Bloomin' Brands Inc.
|
18,870
|
439
|
|
* Orient-Express Hotels Ltd. Class A
|
35,587
|
421
|
|
|
|
|
|
Churchill Downs Inc.
|
5,016
|
421
|
|
* Papa John's International Inc.
|
6,431
|
414
|
|
* Krispy Kreme Doughnuts Inc.
|
22,601
|
391
|
|
* SHFL Entertainment Inc.
|
22,591
|
390
|
|
* Marriott Vacations Worldwide Corp.
|
8,206
|
363
|
|
* BJ's Restaurants Inc.
|
9,435
|
354
|
|
International Speedway Corp. Class A
|
9,842
|
341
|
|
Ameristar Casinos Inc.
|
12,623
|
331
|
|
* AFC Enterprises Inc.
|
8,982
|
328
|
|
Interval Leisure Group Inc.
|
13,091
|
283
|
|
* Boyd Gaming Corp.
|
20,739
|
270
|
|
CEC Entertainment Inc.
|
6,641
|
266
|
|
* Red Robin Gourmet Burgers Inc.
|
5,052
|
265
|
|
* Sonic Corp.
|
19,780
|
260
|
|
* Denny's Corp.
|
35,174
|
212
|
|
* Caesars Entertainment Corp.
|
13,910
|
202
|
|
* Ruby Tuesday Inc.
|
21,465
|
199
|
|
* Chuy's Holdings Inc.
|
5,622
|
196
|
|
* Scientific Games Corp. Class A
|
17,913
|
195
|
|
* Biglari Holdings Inc.
|
432
|
174
|
|
* Bravo Brio Restaurant Group Inc.
|
6,946
|
125
|
|
Marcus Corp.
|
7,689
|
99
|
|
Speedway Motorsports Inc.
|
5,232
|
95
|
|
* Del Frisco's Restaurant Group Inc.
|
4,122
|
77
|
|
* Isle of Capri Casinos Inc.
|
8,400
|
65
|
|
* Ignite Restaurant Group Inc.
|
2,291
|
42
|
|
Einstein Noah Restaurant Group Inc.
|
2,515
|
35
|
|
|
|
136,956
|
|
Household Durables (4.2%)
|
|
|
|
Whirlpool Corp.
|
30,340
|
3,876
|
|
Newell Rubbermaid Inc.
|
110,223
|
2,980
|
|
* PulteGroup Inc.
|
134,513
|
2,904
|
|
DR Horton Inc.
|
111,270
|
2,711
|
|
* Mohawk Industries Inc.
|
22,689
|
2,522
|
|
Lennar Corp. Class A
|
62,432
|
2,455
|
|
* Toll Brothers Inc.
|
61,825
|
2,113
|
|
* Jarden Corp.
|
42,980
|
2,002
|
|
* NVR Inc.
|
1,825
|
1,795
|
|
Leggett & Platt Inc.
|
55,023
|
1,761
|
|
Tupperware Brands Corp.
|
20,780
|
1,683
|
|
Garmin Ltd.
|
45,395
|
1,586
|
|
Harman International Industries Inc.
|
25,975
|
1,379
|
|
* Tempur-Pedic International Inc.
|
22,872
|
967
|
|
Ryland Group Inc.
|
17,269
|
782
|
|
KB Home
|
29,311
|
649
|
|
* Meritage Homes Corp.
|
13,320
|
631
|
|
MDC Holdings Inc.
|
14,897
|
553
|
|
* Standard Pacific Corp.
|
58,158
|
515
|
|
* Helen of Troy Ltd.
|
11,721
|
465
|
|
La-Z-Boy Inc.
|
19,750
|
365
|
|
* iRobot Corp.
|
10,636
|
359
|
|
Ethan Allen Interiors Inc.
|
9,674
|
303
|
|
* Hovnanian Enterprises Inc. Class A
|
45,157
|
277
|
|
* M/I Homes Inc.
|
9,258
|
230
|
|
American Greetings Corp. Class A
|
10,451
|
192
|
|
* Beazer Homes USA Inc.
|
9,096
|
188
|
|
* Libbey Inc.
|
7,377
|
156
|
|
|
|
|
|
* Universal Electronics Inc.
|
5,790
|
155
|
|
* Cavco Industries Inc.
|
2,355
|
113
|
|
NACCO Industries Inc. Class A
|
1,860
|
104
|
|
CSS Industries Inc.
|
3,181
|
88
|
|
Blyth Inc.
|
3,853
|
54
|
|
* Zagg Inc.
|
7,427
|
37
|
|
* Skullcandy Inc.
|
5,504
|
32
|
|
|
|
36,982
|
|
Internet & Catalog Retail (8.2%)
|
|
|
|
* Amazon.com Inc.
|
140,130
|
37,699
|
|
* priceline.com Inc.
|
19,882
|
15,984
|
|
* Liberty Interactive Corp. Class A
|
197,317
|
4,430
|
|
* Netflix Inc.
|
19,392
|
4,387
|
|
* TripAdvisor Inc.
|
45,159
|
2,912
|
|
Expedia Inc.
|
42,527
|
2,444
|
|
* Liberty Ventures Class A
|
13,700
|
1,118
|
|
HSN Inc.
|
14,916
|
849
|
|
* Groupon Inc.
|
100,960
|
775
|
|
* Shutterfly Inc.
|
14,065
|
686
|
|
* HomeAway Inc.
|
13,345
|
408
|
|
* Blue Nile Inc.
|
4,647
|
165
|
|
* Overstock.com Inc.
|
5,834
|
151
|
|
PetMed Express Inc.
|
7,698
|
103
|
|
Nutrisystem Inc.
|
9,795
|
88
|
|
* Vitacost.com Inc.
|
8,691
|
71
|
|
* Orbitz Worldwide Inc.
|
8,542
|
65
|
|
|
|
72,335
|
|
Leisure Equipment & Products (1.5%)
|
|
|
|
Mattel Inc.
|
132,629
|
5,935
|
|
Polaris Industries Inc.
|
25,122
|
2,399
|
|
Hasbro Inc.
|
44,751
|
1,991
|
|
Brunswick Corp.
|
34,792
|
1,168
|
|
Sturm Ruger & Co. Inc.
|
7,736
|
389
|
|
Arctic Cat Inc.
|
5,019
|
235
|
|
* Smith & Wesson Holding Corp.
|
24,840
|
226
|
|
* LeapFrog Enterprises Inc.
|
22,501
|
215
|
|
Callaway Golf Co.
|
27,140
|
186
|
|
* Steinway Musical Instruments Inc.
|
2,970
|
83
|
|
JAKKS Pacific Inc.
|
7,975
|
81
|
|
|
|
12,908
|
|
Media (27.1%)
|
|
|
|
Walt Disney Co.
|
660,900
|
41,690
|
|
Comcast Corp. Class A
|
775,355
|
31,131
|
|
Time Warner Inc.
|
360,370
|
21,035
|
|
News Corp. Class A
|
630,004
|
20,229
|
|
* DIRECTV
|
209,961
|
12,835
|
|
Viacom Inc. Class B
|
171,301
|
11,287
|
|
CBS Corp. Class B
|
226,213
|
11,198
|
|
Time Warner Cable Inc.
|
114,073
|
10,895
|
|
Comcast Corp.
|
238,114
|
9,239
|
|
Omnicom Group Inc.
|
100,549
|
6,247
|
|
Virgin Media Inc.
|
103,667
|
5,148
|
|
* Liberty Media Corp. Class A
|
36,617
|
4,572
|
|
* Discovery Communications Inc. Class A
|
55,802
|
4,401
|
|
Sirius XM Radio Inc.
|
1,262,181
|
4,392
|
|
News Corp. Class B
|
127,616
|
4,114
|
|
|
|
|
|
* Liberty Global Inc. Class A
|
51,649
|
3,807
|
|
DISH Network Corp. Class A
|
83,072
|
3,202
|
|
* Liberty Global Inc.
|
40,468
|
2,780
|
|
* Charter Communications Inc. Class A
|
23,454
|
2,625
|
|
* Discovery Communications Inc.
|
36,010
|
2,520
|
|
Interpublic Group of Cos. Inc.
|
159,295
|
2,265
|
|
Scripps Networks Interactive Inc. Class A
|
32,876
|
2,215
|
|
Gannett Co. Inc.
|
88,236
|
1,897
|
|
* AMC Networks Inc. Class A
|
22,232
|
1,423
|
|
* Lamar Advertising Co. Class A
|
30,397
|
1,420
|
|
* Madison Square Garden Co. Class A
|
23,083
|
1,351
|
|
Cinemark Holdings Inc.
|
39,489
|
1,159
|
|
Cablevision Systems Corp. Class A
|
72,740
|
1,100
|
|
* Lions Gate Entertainment Corp.
|
31,261
|
900
|
|
Washington Post Co. Class B
|
1,832
|
856
|
|
* Starz - Liberty Capital
|
36,505
|
843
|
|
Sinclair Broadcast Group Inc. Class A
|
27,416
|
741
|
|
John Wiley & Sons Inc. Class A
|
18,445
|
732
|
|
* Live Nation Entertainment Inc.
|
51,298
|
698
|
|
Morningstar Inc.
|
8,993
|
619
|
|
* DreamWorks Animation SKG Inc. Class A
|
26,581
|
583
|
|
Regal Entertainment Group Class A
|
32,364
|
573
|
|
Meredith Corp.
|
13,849
|
568
|
|
* New York Times Co. Class A
|
51,571
|
545
|
|
Arbitron Inc.
|
9,148
|
429
|
|
Belo Corp. Class A
|
37,567
|
421
|
|
Valassis Communications Inc.
|
14,866
|
386
|
|
National CineMedia Inc.
|
23,077
|
383
|
|
Scholastic Corp.
|
10,586
|
320
|
|
Loral Space & Communications Inc.
|
4,552
|
274
|
|
Nexstar Broadcasting Group Inc. Class A
|
9,685
|
271
|
|
Harte-Hanks Inc.
|
18,219
|
163
|
|
* EW Scripps Co. Class A
|
11,222
|
153
|
|
* LIN TV Corp. Class A
|
11,211
|
136
|
|
* Clear Channel Outdoor Holdings Inc. Class A
|
14,288
|
122
|
|
* Cumulus Media Inc. Class A
|
30,519
|
113
|
|
World Wrestling Entertainment Inc. Class A
|
10,584
|
103
|
|
Fisher Communications Inc.
|
2,140
|
88
|
|
* Journal Communications Inc. Class A
|
12,977
|
86
|
|
* Entercom Communications Corp. Class A
|
7,654
|
71
|
|
* Digital Generation Inc.
|
8,994
|
63
|
|
* McClatchy Co. Class A
|
21,730
|
54
|
|
* ReachLocal Inc.
|
3,052
|
42
|
|
* Martha Stewart Living Omnimedia Class A
|
11,195
|
27
|
|
|
|
237,540
|
|
Multiline Retail (5.6%)
|
|
|
|
Target Corp.
|
236,342
|
16,426
|
|
Macy's Inc.
|
152,614
|
7,377
|
|
* Dollar General Corp.
|
119,791
|
6,325
|
|
Kohl's Corp.
|
84,235
|
4,331
|
|
* Dollar Tree Inc.
|
87,486
|
4,203
|
|
Nordstrom Inc.
|
60,632
|
3,566
|
|
Family Dollar Stores Inc.
|
40,146
|
2,455
|
|
* JC Penney Co. Inc.
|
62,734
|
1,103
|
|
Dillard's Inc. Class A
|
10,823
|
999
|
|
* Big Lots Inc.
|
22,270
|
758
|
|
* Sears Holdings Corp.
|
14,415
|
704
|
|
|
|
|
|
* Saks Inc.
|
39,924
|
592
|
|
Fred's Inc. Class A
|
13,137
|
208
|
|
* Gordmans Stores Inc.
|
3,196
|
41
|
|
|
|
49,088
|
|
Specialty Retail (20.2%)
|
|
|
|
Home Depot Inc.
|
576,231
|
45,326
|
|
Lowe's Cos. Inc.
|
427,955
|
18,021
|
|
TJX Cos. Inc.
|
281,285
|
14,236
|
|
* Bed Bath & Beyond Inc.
|
86,960
|
5,935
|
|
* AutoZone Inc.
|
13,894
|
5,680
|
|
Ross Stores Inc.
|
85,576
|
5,503
|
|
Gap Inc.
|
119,896
|
4,862
|
|
L Brands Inc.
|
94,350
|
4,718
|
|
* O'Reilly Automotive Inc.
|
43,061
|
4,690
|
|
* CarMax Inc.
|
87,747
|
4,104
|
|
Staples Inc.
|
260,677
|
3,910
|
|
Tiffany & Co.
|
48,924
|
3,805
|
|
Tractor Supply Co.
|
26,578
|
2,976
|
|
Best Buy Co. Inc.
|
103,652
|
2,856
|
|
PetSmart Inc.
|
39,289
|
2,652
|
|
Advance Auto Parts Inc.
|
28,443
|
2,319
|
|
Signet Jewelers Ltd.
|
31,350
|
2,148
|
|
* Ulta Salon Cosmetics & Fragrance Inc.
|
23,258
|
2,111
|
|
* Sally Beauty Holdings Inc.
|
67,567
|
2,068
|
|
Foot Locker Inc.
|
58,440
|
2,006
|
|
Dick's Sporting Goods Inc.
|
37,436
|
1,959
|
|
* Urban Outfitters Inc.
|
45,418
|
1,904
|
|
Williams-Sonoma Inc.
|
34,183
|
1,845
|
|
GNC Holdings Inc. Class A
|
38,622
|
1,739
|
|
GameStop Corp. Class A
|
46,952
|
1,557
|
|
Abercrombie & Fitch Co.
|
30,135
|
1,509
|
|
American Eagle Outfitters Inc.
|
68,182
|
1,349
|
|
* Cabela's Inc.
|
18,915
|
1,268
|
|
Chico's FAS Inc.
|
63,668
|
1,150
|
|
* Ascena Retail Group Inc.
|
52,622
|
1,070
|
|
DSW Inc. Class A
|
13,512
|
1,000
|
|
* Lumber Liquidators Holdings Inc.
|
10,510
|
863
|
|
Pier 1 Imports Inc.
|
36,422
|
845
|
|
Rent-A-Center Inc.
|
22,597
|
827
|
|
Guess? Inc.
|
24,402
|
776
|
|
Aaron's Inc.
|
27,487
|
772
|
|
* CST Brands Inc.
|
23,216
|
706
|
|
* Express Inc.
|
31,263
|
682
|
|
Men's Wearhouse Inc.
|
18,334
|
664
|
|
* AutoNation Inc.
|
13,997
|
648
|
|
* Genesco Inc.
|
9,194
|
621
|
|
Buckle Inc.
|
11,034
|
590
|
|
* Hibbett Sports Inc.
|
10,176
|
580
|
|
* ANN Inc.
|
18,453
|
566
|
|
Penske Automotive Group Inc.
|
17,516
|
562
|
|
Group 1 Automotive Inc.
|
8,407
|
534
|
|
Monro Muffler Brake Inc.
|
11,248
|
529
|
|
* Vitamin Shoppe Inc.
|
11,037
|
483
|
|
* Select Comfort Corp.
|
21,551
|
478
|
|
* Children's Place Retail Stores Inc.
|
8,955
|
478
|
|
* Jos A Bank Clothiers Inc.
|
10,469
|
470
|
|
* Francesca's Holdings Corp.
|
16,066
|
459
|
|
|
|
|
|
Lithia Motors Inc. Class A
|
8,787
|
458
|
|
OfficeMax Inc.
|
34,837
|
454
|
|
* Asbury Automotive Group Inc.
|
11,004
|
453
|
|
* Conn's Inc.
|
9,098
|
448
|
|
* Aeropostale Inc.
|
30,574
|
447
|
|
* Five Below Inc.
|
11,427
|
437
|
|
* Office Depot Inc.
|
93,493
|
412
|
|
Finish Line Inc. Class A
|
19,080
|
402
|
|
Sonic Automotive Inc. Class A
|
15,236
|
347
|
|
Brown Shoe Co. Inc.
|
15,943
|
332
|
|
* Barnes & Noble Inc.
|
13,895
|
313
|
|
* Zumiez Inc.
|
8,677
|
276
|
|
Stage Stores Inc.
|
11,751
|
270
|
|
Cato Corp. Class A
|
10,498
|
261
|
|
* rue21 inc
|
5,857
|
246
|
|
* Pep Boys-Manny Moe & Jack
|
19,721
|
243
|
|
Hot Topic Inc.
|
14,703
|
206
|
|
Haverty Furniture Cos. Inc.
|
8,248
|
203
|
|
* Sears Hometown and Outlet Stores Inc.
|
3,557
|
198
|
|
* Mattress Firm Holding Corp.
|
5,079
|
183
|
|
* Wet Seal Inc. Class A
|
32,488
|
161
|
|
* America's Car-Mart Inc.
|
3,150
|
142
|
|
* Tile Shop Holdings Inc.
|
5,372
|
138
|
|
* RadioShack Corp.
|
36,205
|
134
|
|
Stein Mart Inc.
|
10,215
|
132
|
|
Shoe Carnival Inc.
|
5,248
|
127
|
|
Big 5 Sporting Goods Corp.
|
5,571
|
111
|
|
Destination Maternity Corp.
|
4,137
|
103
|
|
* Kirkland's Inc.
|
6,058
|
91
|
|
* hhgregg Inc.
|
5,705
|
89
|
|
* New York & Co. Inc.
|
14,956
|
83
|
|
* West Marine Inc.
|
6,508
|
75
|
|
* Citi Trends Inc.
|
5,680
|
75
|
|
bebe stores inc
|
13,618
|
74
|
|
* Body Central Corp.
|
5,573
|
68
|
|
* Tilly's Inc. Class A
|
3,947
|
65
|
|
Winmark Corp.
|
866
|
52
|
|
Systemax Inc.
|
4,676
|
45
|
|
|
|
177,763
|
|
Textiles, Apparel & Luxury Goods (6.4%)
|
|
|
|
NIKE Inc. Class B
|
275,966
|
17,016
|
|
Coach Inc.
|
108,053
|
6,295
|
|
VF Corp.
|
34,048
|
6,260
|
|
Ralph Lauren Corp. Class A
|
23,469
|
4,109
|
|
PVH Corp.
|
31,225
|
3,597
|
|
* Lululemon Athletica Inc.
|
38,884
|
3,026
|
|
* Fossil Inc.
|
20,609
|
2,189
|
|
* Under Armour Inc. Class A
|
30,525
|
1,892
|
|
Hanesbrands Inc.
|
37,931
|
1,891
|
|
Carter's Inc.
|
20,603
|
1,485
|
|
Wolverine World Wide Inc.
|
19,342
|
1,013
|
|
* Fifth & Pacific Cos. Inc.
|
46,172
|
992
|
|
* Iconix Brand Group Inc.
|
24,906
|
749
|
|
* Steven Madden Ltd.
|
15,162
|
735
|
|
* Deckers Outdoor Corp.
|
13,414
|
720
|
|
* Crocs Inc.
|
33,884
|
598
|
|
Jones Group Inc.
|
30,389
|
443
|
|
|
|
|
|
|
* Tumi Holdings Inc.
|
|
16,919
|
410
|
|
* Quiksilver Inc.
|
|
48,379
|
381
|
|
Oxford Industries Inc.
|
|
5,778
|
380
|
|
* Skechers U.S.A. Inc. Class A
|
|
15,050
|
339
|
|
Columbia Sportswear Co.
|
|
5,035
|
303
|
|
True Religion Apparel Inc.
|
|
9,037
|
288
|
|
* G-III Apparel Group Ltd.
|
|
6,324
|
266
|
|
Movado Group Inc.
|
|
7,096
|
256
|
|
* Vera Bradley Inc.
|
|
7,405
|
174
|
|
* Maidenform Brands Inc.
|
|
8,582
|
156
|
|
* Unifi Inc.
|
|
5,770
|
108
|
|
Perry Ellis International Inc.
|
|
4,533
|
96
|
|
|
|
|
56,167
|
|
Total Common Stocks (Cost $674,784)
|
|
|
877,616
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.1%)
|
|
|
|
|
1 Vanguard Market Liquidity Fund (Cost $777)
|
0.136%
|
777,240
|
777
|
|
Total Investments (100.0%) (Cost $675,561)
|
|
|
878,393
|
|
Other Assets and Liabilities-Net (0.0%)
|
|
|
(348)
|
|
Net Assets (100%)
|
|
|
878,045
|
* Non-income-producing security.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $675,561,000. Net unrealized appreciation of investment securities for tax purposes was $202,832,000, consisting of unrealized gains of $216,722,000 on securities that had risen in value since their purchase and $13,890,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Consumer Staples Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Beverages (20.5%)
|
|
|
|
Coca-Cola Co.
|
3,794,187
|
151,729
|
|
PepsiCo Inc.
|
1,445,800
|
116,777
|
|
Coca-Cola Enterprises Inc.
|
261,345
|
9,712
|
|
Dr Pepper Snapple Group Inc.
|
202,654
|
9,318
|
|
Beam Inc.
|
143,628
|
9,313
|
|
* Constellation Brands Inc. Class A
|
159,774
|
8,470
|
|
Brown-Forman Corp. Class B
|
122,147
|
8,406
|
|
* Monster Beverage Corp.
|
140,887
|
7,691
|
|
Molson Coors Brewing Co. Class B
|
149,800
|
7,402
|
|
* Boston Beer Co. Inc. Class A
|
9,890
|
1,512
|
|
Coca-Cola Bottling Co. Consolidated
|
8,310
|
497
|
|
National Beverage Corp.
|
24,188
|
397
|
|
|
|
331,224
|
|
Food & Staples Retailing (22.1%)
|
|
|
|
Wal-Mart Stores Inc.
|
1,568,651
|
117,398
|
|
CVS Caremark Corp.
|
1,201,369
|
69,175
|
|
Costco Wholesale Corp.
|
425,747
|
46,692
|
|
Walgreen Co.
|
877,778
|
41,923
|
|
Sysco Corp.
|
576,150
|
19,474
|
|
Whole Foods Market Inc.
|
346,572
|
17,973
|
|
Kroger Co.
|
485,353
|
16,342
|
|
Safeway Inc.
|
242,471
|
5,579
|
|
* United Natural Foods Inc.
|
51,768
|
2,739
|
|
Casey's General Stores Inc.
|
40,554
|
2,464
|
|
Harris Teeter Supermarkets Inc.
|
49,924
|
2,346
|
|
* Rite Aid Corp.
|
773,127
|
2,273
|
|
* Fresh Market Inc.
|
41,523
|
2,057
|
|
PriceSmart Inc.
|
21,517
|
1,817
|
|
* SUPERVALU Inc.
|
230,636
|
1,490
|
|
Andersons Inc.
|
21,164
|
1,078
|
|
* Susser Holdings Corp.
|
21,565
|
1,021
|
|
Weis Markets Inc.
|
16,685
|
683
|
|
Nash Finch Co.
|
29,296
|
637
|
|
Ingles Markets Inc. Class A
|
26,593
|
585
|
|
Spartan Stores Inc.
|
32,773
|
582
|
|
* Pantry Inc.
|
38,993
|
488
|
|
* Natural Grocers by Vitamin Cottage Inc.
|
16,057
|
455
|
|
* Chefs' Warehouse Inc.
|
22,041
|
416
|
|
Village Super Market Inc. Class A
|
10,730
|
401
|
|
Roundy's Inc.
|
52,282
|
397
|
|
|
|
356,485
|
|
Food Products (19.9%)
|
|
|
|
Mondelez International Inc. Class A
|
1,650,528
|
48,625
|
|
Kraft Foods Group Inc.
|
580,059
|
31,979
|
|
General Mills Inc.
|
633,453
|
29,823
|
|
HJ Heinz Co.
|
315,160
|
22,805
|
|
Archer-Daniels-Midland Co.
|
647,104
|
20,856
|
|
Mead Johnson Nutrition Co.
|
199,509
|
16,174
|
|
|
|
|
|
|
|
Kellogg Co.
|
249,813
|
15,501
|
|
|
ConAgra Foods Inc.
|
408,825
|
13,773
|
|
|
Hershey Co.
|
153,476
|
13,676
|
|
|
JM Smucker Co.
|
106,435
|
10,746
|
|
|
Bunge Ltd.
|
145,565
|
10,131
|
|
*
|
Green Mountain Coffee Roasters Inc.
|
125,913
|
9,208
|
|
|
Campbell Soup Co.
|
203,741
|
8,722
|
|
|
McCormick & Co. Inc.
|
119,941
|
8,285
|
|
|
Tyson Foods Inc. Class A
|
285,440
|
7,136
|
|
|
Hormel Foods Corp.
|
146,392
|
5,829
|
|
|
Ingredion Inc.
|
78,270
|
5,332
|
|
*
|
Smithfield Foods Inc.
|
134,305
|
4,424
|
|
|
Hillshire Brands Co.
|
125,320
|
4,341
|
|
|
Flowers Foods Inc.
|
127,538
|
4,256
|
|
*
|
Hain Celestial Group Inc.
|
41,381
|
2,757
|
|
*
|
TreeHouse Foods Inc.
|
38,365
|
2,512
|
|
*
|
Darling International Inc.
|
125,188
|
2,455
|
|
*
|
Dean Foods Co.
|
200,574
|
2,104
|
|
|
Lancaster Colony Corp.
|
21,064
|
1,737
|
|
|
B&G Foods Inc.
|
58,440
|
1,682
|
|
|
Sanderson Farms Inc.
|
23,210
|
1,600
|
|
*
|
Post Holdings Inc.
|
36,521
|
1,541
|
|
|
Snyders-Lance Inc.
|
54,875
|
1,422
|
|
*
|
WhiteWave Foods Co. Class A
|
77,560
|
1,353
|
|
|
J&J Snack Foods Corp.
|
17,289
|
1,312
|
|
|
Fresh Del Monte Produce Inc.
|
46,896
|
1,255
|
|
*
|
WhiteWave Foods Co. Class B
|
71,673
|
1,185
|
|
|
Seaboard Corp.
|
383
|
1,055
|
|
*
|
Pilgrim's Pride Corp.
|
80,009
|
957
|
|
|
Tootsie Roll Industries Inc.
|
26,159
|
822
|
|
|
Cal-Maine Foods Inc.
|
18,326
|
820
|
|
*
|
Boulder Brands Inc.
|
77,466
|
813
|
|
*
|
Annie's Inc.
|
18,498
|
720
|
|
*
|
Chiquita Brands International Inc.
|
63,080
|
637
|
|
|
Calavo Growers Inc.
|
18,989
|
564
|
|
*,^
Diamond Foods Inc.
|
34,605
|
537
|
|
*
|
Dole Food Co. Inc.
|
55,529
|
526
|
|
*
|
Seneca Foods Corp. Class A
|
13,610
|
435
|
|
|
|
|
322,423
|
|
Household Products (19.7%)
|
|
|
|
|
Procter & Gamble Co.
|
2,600,845
|
199,641
|
|
|
Colgate-Palmolive Co.
|
913,600
|
52,843
|
|
|
Kimberly-Clark Corp.
|
379,302
|
36,728
|
|
|
Clorox Co.
|
130,003
|
10,801
|
|
|
Church & Dwight Co. Inc.
|
137,807
|
8,380
|
|
|
Energizer Holdings Inc.
|
62,527
|
5,984
|
|
|
Spectrum Brands Holdings Inc.
|
26,242
|
1,582
|
|
|
WD-40 Co.
|
18,127
|
983
|
|
*
|
Harbinger Group Inc.
|
58,850
|
507
|
|
*
|
Central Garden and Pet Co. Class A
|
51,519
|
391
|
|
*
|
Central Garden and Pet Co.
|
36,784
|
286
|
|
|
|
|
318,126
|
|
Personal Products (2.5%)
|
|
|
|
|
Estee Lauder Cos. Inc. Class A
|
233,816
|
15,848
|
|
|
Avon Products Inc.
|
429,752
|
10,129
|
|
|
Herbalife Ltd.
|
89,607
|
4,182
|
|
|
|
|
|
|
|
|
Nu Skin Enterprises Inc. Class A
|
|
54,535
|
3,207
|
|
*
|
Prestige Brands Holdings Inc.
|
|
56,686
|
1,666
|
|
*
|
Elizabeth Arden Inc.
|
|
30,479
|
1,435
|
|
|
Inter Parfums Inc.
|
|
23,540
|
706
|
|
*
|
USANA Health Sciences Inc.
|
|
10,010
|
702
|
|
*
|
Medifast Inc.
|
|
20,097
|
579
|
|
*
|
Revlon Inc. Class A
|
|
22,612
|
450
|
|
*
|
Lifevantage Corp.
|
|
194,438
|
428
|
|
|
Nature's Sunshine Products Inc.
|
|
26,797
|
412
|
|
*,^
Star Scientific Inc.
|
|
258,464
|
385
|
|
|
|
|
|
40,129
|
|
Tobacco (15.3%)
|
|
|
|
|
|
Philip Morris International Inc.
|
|
1,554,615
|
141,330
|
|
|
Altria Group Inc.
|
|
1,961,122
|
70,797
|
|
|
Lorillard Inc.
|
|
374,014
|
15,873
|
|
|
Reynolds American Inc.
|
|
327,126
|
15,738
|
|
|
Universal Corp.
|
|
26,215
|
1,537
|
|
|
Vector Group Ltd.
|
|
74,107
|
1,189
|
|
*
|
Alliance One International Inc.
|
|
146,648
|
534
|
|
|
|
|
|
246,998
|
|
Total Common Stocks (Cost $1,293,968)
|
|
|
1,615,385
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.1%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $1,486)
|
|
|
|
|
|
|
0.136%
|
1,485,688
|
1,486
|
|
Total Investments (100.1%) (Cost $1,295,454)
|
|
|
1,616,871
|
|
Other Assets and Liabilities-Net (-0.1%)
2
|
|
|
(2,286)
|
|
Net Assets (100%)
|
|
|
1,614,585
|
* Non-income-producing security.
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $477,000.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Includes $591,000 of collateral received for securities on loan.
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.
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.).
Consumer Staples Index Fund
Level 3—
Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $1,295,454,000. Net unrealized appreciation of investment securities for tax purposes was $321,417,000, consisting of unrealized gains of $329,020,000 on securities that had risen in value since their purchase and $7,603,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Energy Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Energy Equipment & Services (19.7%)
|
|
|
|
|
Oil & Gas Drilling (3.1%)
|
|
|
|
|
Ensco plc Class A
|
299,374
|
18,013
|
|
|
Noble Corp.
|
382,131
|
14,808
|
|
|
Helmerich & Payne Inc.
|
160,871
|
9,932
|
|
|
Diamond Offshore Drilling Inc.
|
106,804
|
7,349
|
|
|
Nabors Industries Ltd.
|
446,613
|
7,150
|
|
*
|
Rowan Cos. plc Class A
|
191,599
|
6,369
|
|
|
Patterson-UTI Energy Inc.
|
232,680
|
4,889
|
|
*
|
Atwood Oceanics Inc.
|
92,351
|
4,850
|
|
*
|
Unit Corp.
|
70,516
|
3,185
|
|
*
|
Hercules Offshore Inc.
|
237,222
|
1,639
|
|
*
|
Parker Drilling Co.
|
224,891
|
1,003
|
|
*
|
Pioneer Energy Services Corp.
|
121,070
|
845
|
|
*
|
Vantage Drilling Co.
|
419,405
|
805
|
|
|
|
|
Oil & Gas Equipment & Services (16.6%)
|
|
|
|
|
Schlumberger Ltd.
|
1,973,749
|
144,143
|
|
|
Halliburton Co.
|
1,370,712
|
57,364
|
|
|
National Oilwell Varco Inc.
|
631,912
|
44,423
|
|
|
Baker Hughes Inc.
|
655,203
|
29,799
|
|
*
|
Cameron International Corp.
|
370,275
|
22,539
|
|
*
|
FMC Technologies Inc.
|
357,856
|
19,918
|
|
*
|
Weatherford International Ltd.
|
1,146,304
|
15,464
|
|
|
Oceaneering International Inc.
|
164,278
|
11,907
|
|
|
Core Laboratories NV
|
71,120
|
9,797
|
|
*
|
Oil States International Inc.
|
83,860
|
8,260
|
|
*
|
Dresser-Rand Group Inc.
|
116,556
|
7,063
|
|
*
|
Superior Energy Services Inc.
|
243,799
|
6,505
|
|
*
|
Dril-Quip Inc.
|
54,214
|
4,904
|
|
|
Lufkin Industries Inc.
|
53,898
|
4,757
|
|
|
Tidewater Inc.
|
79,224
|
4,364
|
|
*
|
Helix Energy Solutions Group Inc.
|
159,215
|
3,799
|
|
|
Bristow Group Inc.
|
57,842
|
3,635
|
|
*
|
McDermott International Inc.
|
369,849
|
3,532
|
|
*
|
Hornbeck Offshore Services Inc.
|
56,054
|
2,916
|
|
*
|
Exterran Holdings Inc.
|
97,679
|
2,825
|
|
|
SEACOR Holdings Inc.
|
33,041
|
2,537
|
|
|
CARBO Ceramics Inc.
|
33,835
|
2,230
|
|
|
Gulfmark Offshore Inc.
|
42,560
|
1,952
|
|
*
|
Geospace Technologies Corp.
|
20,546
|
1,785
|
|
*
|
Newpark Resources Inc.
|
158,481
|
1,767
|
|
*
|
Key Energy Services Inc.
|
243,047
|
1,575
|
|
*
|
TETRA Technologies Inc.
|
143,922
|
1,498
|
|
|
RPC Inc.
|
113,897
|
1,434
|
|
*
|
ION Geophysical Corp.
|
224,193
|
1,433
|
|
*
|
C&J Energy Services Inc.
|
73,456
|
1,366
|
|
*,^
Nuverra Environmental Solutions Inc.
|
296,745
|
1,128
|
|
*
|
Era Group Inc.
|
36,573
|
942
|
|
*
|
PHI Inc.
|
26,556
|
930
|
|
|
|
|
|
|
*
|
Matrix Service Co.
|
54,334
|
896
|
|
*
|
Tesco Corp.
|
68,899
|
879
|
|
*
|
Basic Energy Services Inc.
|
60,848
|
812
|
|
*
|
Dawson Geophysical Co.
|
20,093
|
722
|
|
*
|
Willbros Group Inc.
|
94,033
|
633
|
|
|
Gulf Island Fabrication Inc.
|
29,377
|
606
|
|
*
|
RigNet Inc.
|
22,554
|
562
|
|
*
|
Cal Dive International Inc.
|
268,158
|
555
|
|
*
|
Forum Energy Technologies Inc.
|
2,611
|
77
|
|
|
|
|
515,070
|
|
Oil, Gas & Consumable Fuels (80.3%)
|
|
|
|
|
Coal & Consumable Fuels (1.1%)
|
|
|
|
|
CONSOL Energy Inc.
|
345,854
|
11,994
|
|
|
Peabody Energy Corp.
|
409,524
|
8,055
|
|
*
|
Alpha Natural Resources Inc.
|
357,431
|
2,388
|
|
*
|
Cloud Peak Energy Inc.
|
106,555
|
2,046
|
|
|
Arch Coal Inc.
|
361,641
|
1,866
|
|
*,^
Solazyme Inc.
|
75,183
|
926
|
|
*,^
KiOR Inc.
|
60,325
|
279
|
|
*,^
James River Coal Co.
|
66,561
|
173
|
|
*
|
Uranium Energy Corp.
|
28,907
|
62
|
|
|
|
|
Integrated Oil & Gas (42.2%)
|
|
|
|
|
Exxon Mobil Corp.
|
6,495,113
|
587,613
|
|
|
Chevron Corp.
|
2,902,886
|
356,329
|
|
|
Occidental Petroleum Corp.
|
1,196,857
|
110,195
|
|
|
Hess Corp.
|
460,169
|
31,020
|
|
|
Murphy Oil Corp.
|
278,131
|
17,611
|
|
|
|
|
Oil & Gas Exploration & Production (25.2%)
|
|
|
|
|
ConocoPhillips
|
1,716,026
|
105,261
|
|
|
Anadarko Petroleum Corp.
|
741,991
|
64,902
|
|
|
EOG Resources Inc.
|
401,017
|
51,771
|
|
|
Apache Corp.
|
572,145
|
46,990
|
|
|
Marathon Oil Corp.
|
1,055,937
|
36,314
|
|
|
Devon Energy Corp.
|
575,765
|
32,732
|
|
|
Noble Energy Inc.
|
532,546
|
30,701
|
|
|
Pioneer Natural Resources Co.
|
198,457
|
27,522
|
|
|
Cabot Oil & Gas Corp.
|
316,433
|
22,264
|
|
*
|
Southwestern Energy Co.
|
527,564
|
19,884
|
|
|
Range Resources Corp.
|
244,903
|
18,412
|
|
|
Chesapeake Energy Corp.
|
837,247
|
18,285
|
|
|
EQT Corp.
|
226,276
|
18,075
|
|
*
|
Concho Resources Inc.
|
150,138
|
12,561
|
|
*
|
Cobalt International Energy Inc.
|
440,684
|
11,431
|
|
*
|
Denbury Resources Inc.
|
588,116
|
10,792
|
|
|
Cimarex Energy Co.
|
132,190
|
9,272
|
|
*
|
Whiting Petroleum Corp.
|
179,727
|
8,280
|
|
|
QEP Resources Inc.
|
272,784
|
7,736
|
|
|
SM Energy Co.
|
102,286
|
6,203
|
|
|
Energen Corp.
|
112,454
|
6,094
|
|
*
|
WPX Energy Inc.
|
312,869
|
6,026
|
|
*
|
Continental Resources Inc.
|
71,761
|
5,822
|
|
*
|
Gulfport Energy Corp.
|
120,005
|
5,723
|
|
*
|
Ultra Petroleum Corp.
|
242,033
|
5,514
|
|
*
|
Newfield Exploration Co.
|
211,029
|
5,020
|
|
*
|
Rosetta Resources Inc.
|
94,936
|
4,449
|
|
|
|
|
|
|
*
|
Oasis Petroleum Inc.
|
118,023
|
4,386
|
|
*
|
Kodiak Oil & Gas Corp.
|
420,855
|
3,695
|
|
|
Berry Petroleum Co. Class A
|
75,588
|
3,274
|
|
*
|
SandRidge Energy Inc.
|
589,219
|
3,046
|
|
*
|
Gran Tierra Energy Inc.
|
460,435
|
2,892
|
|
*
|
McMoRan Exploration Co.
|
172,163
|
2,863
|
|
|
Energy XXI Bermuda Ltd.
|
108,265
|
2,764
|
|
*
|
PDC Energy Inc.
|
50,861
|
2,604
|
|
*
|
Bill Barrett Corp.
|
86,483
|
1,952
|
|
|
EXCO Resources Inc.
|
232,651
|
1,891
|
|
*
|
Stone Energy Corp.
|
82,014
|
1,846
|
|
*
|
Bonanza Creek Energy Inc.
|
49,350
|
1,833
|
|
*
|
Carrizo Oil & Gas Inc.
|
68,540
|
1,759
|
|
*
|
EPL Oil & Gas Inc.
|
53,562
|
1,631
|
|
*,^
Halcon Resources Corp.
|
305,283
|
1,612
|
|
*
|
Approach Resources Inc.
|
61,906
|
1,559
|
|
*
|
Northern Oil and Gas Inc.
|
107,847
|
1,420
|
|
*
|
Rex Energy Corp.
|
85,273
|
1,416
|
|
|
Comstock Resources Inc.
|
86,641
|
1,398
|
|
*
|
Laredo Petroleum Holdings Inc.
|
72,081
|
1,396
|
|
*
|
Swift Energy Co.
|
82,347
|
1,117
|
|
*
|
Resolute Energy Corp.
|
124,960
|
1,052
|
|
|
W&T Offshore Inc.
|
71,201
|
1,050
|
|
*
|
Magnum Hunter Resources Corp.
|
302,704
|
1,038
|
|
*
|
Forest Oil Corp.
|
216,941
|
987
|
|
|
Contango Oil & Gas Co.
|
25,190
|
881
|
|
*
|
Goodrich Petroleum Corp.
|
59,082
|
742
|
|
*
|
Vaalco Energy Inc.
|
112,069
|
686
|
|
*
|
PetroQuest Energy Inc.
|
149,079
|
683
|
|
*
|
Clayton Williams Energy Inc.
|
15,538
|
678
|
|
*
|
Sanchez Energy Corp.
|
30,718
|
672
|
|
*
|
Penn Virginia Corp.
|
142,553
|
664
|
|
*
|
Abraxas Petroleum Corp.
|
243,865
|
568
|
|
*
|
FX Energy Inc.
|
137,985
|
564
|
|
*
|
Triangle Petroleum Corp.
|
103,989
|
562
|
|
*
|
Warren Resources Inc.
|
189,697
|
556
|
|
*
|
Quicksilver Resources Inc.
|
250,116
|
555
|
|
*
|
TransAtlantic Petroleum Ltd.
|
585,058
|
467
|
|
*
|
BPZ Resources Inc.
|
230,441
|
445
|
|
*
|
Apco Oil and Gas International Inc.
|
27,343
|
336
|
|
*,^
ZaZa Energy Corp.
|
121,720
|
170
|
|
*
|
Evolution Petroleum Corp.
|
7,079
|
75
|
|
*
|
Diamondback Energy Inc.
|
2,198
|
74
|
|
|
LinnCo LLC
|
1,989
|
72
|
|
*
|
Matador Resources Co.
|
7,123
|
71
|
|
*
|
Midstates Petroleum Co. Inc.
|
10,189
|
70
|
|
*,^
Hyperdynamics Corp.
|
146,733
|
69
|
|
*
|
Harvest Natural Resources Inc.
|
17,736
|
51
|
|
|
|
|
Oil & Gas Refining & Marketing (6.8%)
|
|
|
|
|
Phillips 66
|
886,436
|
59,010
|
|
|
Marathon Petroleum Corp.
|
503,977
|
41,578
|
|
|
Valero Energy Corp.
|
827,215
|
33,610
|
|
|
HollyFrontier Corp.
|
291,004
|
14,405
|
|
|
Tesoro Corp.
|
213,134
|
13,140
|
|
|
World Fuel Services Corp.
|
113,488
|
4,622
|
|
|
Western Refining Inc.
|
92,439
|
3,085
|
|
|
|
|
|
|
|
|
Delek US Holdings Inc.
|
|
73,048
|
2,632
|
|
|
CVR Energy Inc.
|
|
30,479
|
1,914
|
|
*
|
Clean Energy Fuels Corp.
|
|
124,838
|
1,656
|
|
*
|
Green Plains Renewable Energy Inc.
|
|
63,208
|
1,003
|
|
|
Rentech Inc.
|
|
425,664
|
936
|
|
|
Alon USA Energy Inc.
|
|
39,959
|
732
|
|
*,^
Amyris Inc.
|
|
130,079
|
389
|
|
|
PBF Energy Inc.
|
|
2,537
|
74
|
|
|
|
|
Oil & Gas Storage & Transportation (5.0%)
|
|
|
|
|
|
Kinder Morgan Inc.
|
|
977,131
|
37,112
|
|
|
Williams Cos. Inc.
|
|
956,596
|
33,653
|
|
|
Spectra Energy Corp.
|
|
977,143
|
29,871
|
|
*
|
Kinder Morgan Management LLC
|
|
159,172
|
12,928
|
|
*
|
Cheniere Energy Inc.
|
|
293,999
|
8,629
|
|
|
SemGroup Corp. Class A
|
|
61,494
|
3,217
|
|
|
Targa Resources Corp.
|
|
48,367
|
3,116
|
|
*
|
Enbridge Energy Management LLC
|
|
80,965
|
2,408
|
|
|
Crosstex Energy Inc.
|
|
67,349
|
1,283
|
|
|
|
|
|
2,099,788
|
|
Total Common Stocks (Cost $2,205,491)
|
|
|
2,614,858
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.1%)
|
|
|
|
|
Money Market Fund (0.1%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $3,251)
|
0.136%
|
3,250,502
|
3,251
|
|
Total Investments (100.1%) (Cost $2,208,742)
|
|
|
2,618,109
|
|
Other Assets and Liabilities-Net (-0.1%)
2
|
|
|
(3,141)
|
|
Net Assets (100%)
|
|
|
2,614,968
|
* Non-income-producing security.
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $2,775,000.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Includes $3,251,000 of collateral received for securities on loan.
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.
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).
Energy Index Fund
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $2,208,742,000. Net unrealized appreciation of investment securities for tax purposes was $409,367,000, consisting of unrealized gains of $526,937,000 on securities that had risen in value since their purchase and $117,570,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Financials Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Capital Markets (13.0%)
|
|
|
|
Goldman Sachs Group Inc.
|
211,937
|
34,351
|
|
Morgan Stanley
|
704,956
|
18,258
|
|
BlackRock Inc.
|
65,163
|
18,194
|
|
Bank of New York Mellon Corp.
|
556,900
|
16,740
|
|
State Street Corp.
|
218,927
|
14,489
|
|
Charles Schwab Corp.
|
551,181
|
10,946
|
|
Franklin Resources Inc.
|
66,211
|
10,250
|
|
T. Rowe Price Group Inc.
|
123,518
|
9,370
|
|
Ameriprise Financial Inc.
|
97,615
|
7,958
|
|
Invesco Ltd.
|
211,545
|
7,138
|
|
Northern Trust Corp.
|
108,854
|
6,330
|
|
* Affiliated Managers Group Inc.
|
25,192
|
4,131
|
|
Raymond James Financial Inc.
|
60,308
|
2,652
|
|
TD Ameritrade Holding Corp.
|
105,421
|
2,471
|
|
Eaton Vance Corp.
|
57,699
|
2,395
|
|
Ares Capital Corp.
|
127,054
|
2,180
|
|
SEI Investments Co.
|
70,506
|
2,158
|
|
* American Capital Ltd.
|
148,874
|
1,985
|
|
Legg Mason Inc.
|
55,684
|
1,951
|
|
Waddell & Reed Financial Inc. Class A
|
40,917
|
1,884
|
|
* E*TRADE Financial Corp.
|
137,161
|
1,595
|
|
Federated Investors Inc. Class B
|
45,134
|
1,249
|
|
Prospect Capital Corp.
|
108,280
|
1,125
|
|
* Stifel Financial Corp.
|
28,551
|
1,028
|
|
Financial Engines Inc.
|
23,154
|
998
|
|
LPL Financial Holdings Inc.
|
25,445
|
944
|
|
Apollo Investment Corp.
|
106,119
|
880
|
|
Janus Capital Group Inc.
|
82,196
|
721
|
|
Greenhill & Co. Inc.
|
12,455
|
620
|
|
Fifth Street Finance Corp.
|
58,010
|
609
|
|
* Virtus Investment Partners Inc.
|
2,622
|
608
|
|
* Walter Investment Management Corp.
|
16,189
|
589
|
|
* WisdomTree Investments Inc.
|
45,138
|
562
|
|
Evercore Partners Inc. Class A
|
13,774
|
547
|
|
Solar Capital Ltd.
|
21,713
|
499
|
|
Main Street Capital Corp.
|
15,665
|
454
|
|
Hercules Technology Growth Capital Inc.
|
29,075
|
390
|
|
Triangle Capital Corp.
|
13,093
|
372
|
|
Cohen & Steers Inc.
|
9,485
|
358
|
|
BlackRock Kelso Capital Corp.
|
35,686
|
355
|
|
PennantPark Investment Corp.
|
31,729
|
353
|
|
BGC Partners Inc. Class A
|
56,549
|
312
|
|
* Knight Capital Group Inc. Class A
|
85,803
|
311
|
|
Golub Capital BDC Inc.
|
17,362
|
304
|
|
HFF Inc. Class A
|
16,154
|
304
|
|
* Piper Jaffray Cos.
|
8,190
|
292
|
|
* Investment Technology Group Inc.
|
18,211
|
252
|
|
TICC Capital Corp.
|
25,296
|
248
|
|
Arlington Asset Investment Corp. Class A
|
7,466
|
204
|
|
|
|
|
|
* ICG Group Inc.
|
18,080
|
201
|
|
Capital Southwest Corp.
|
1,417
|
195
|
|
FXCM Inc. Class A
|
12,051
|
167
|
|
MCG Capital Corp.
|
33,350
|
165
|
|
* Safeguard Scientifics Inc.
|
10,308
|
163
|
|
TCP Capital Corp.
|
10,152
|
162
|
|
New Mountain Finance Corp.
|
10,118
|
154
|
|
GFI Group Inc.
|
34,392
|
140
|
|
MVC Capital Inc.
|
10,961
|
139
|
|
THL Credit Inc.
|
8,693
|
132
|
|
* INTL. FCStone Inc.
|
6,994
|
124
|
|
GAMCO Investors Inc.
|
2,173
|
116
|
|
Diamond Hill Investment Group Inc.
|
1,396
|
114
|
|
Westwood Holdings Group Inc.
|
2,657
|
114
|
|
* Cowen Group Inc. Class A
|
32,667
|
101
|
|
Oppenheimer Holdings Inc. Class A
|
4,999
|
99
|
|
Calamos Asset Management Inc. Class A
|
9,047
|
95
|
|
* Ladenburg Thalmann Financial Services Inc.
|
54,444
|
86
|
|
* GSV Capital Corp.
|
9,170
|
75
|
|
Pzena Investment Management Inc. Class A
|
4,700
|
32
|
|
|
|
195,488
|
|
Commercial Banks (17.8%)
|
|
|
|
Wells Fargo & Co.
|
2,400,052
|
97,322
|
|
US Bancorp
|
893,068
|
31,311
|
|
PNC Financial Services Group Inc.
|
253,183
|
18,138
|
|
BB&T Corp.
|
335,405
|
11,042
|
|
SunTrust Banks Inc.
|
258,500
|
8,295
|
|
Fifth Third Bancorp
|
419,870
|
7,642
|
|
Regions Financial Corp.
|
678,155
|
6,192
|
|
M&T Bank Corp.
|
55,472
|
5,819
|
|
KeyCorp
|
443,185
|
4,778
|
|
* CIT Group Inc.
|
91,636
|
4,223
|
|
Comerica Inc.
|
90,012
|
3,555
|
|
Huntington Bancshares Inc.
|
403,993
|
3,131
|
|
Zions Bancorporation
|
88,336
|
2,478
|
|
East West Bancorp Inc.
|
67,080
|
1,767
|
|
* Signature Bank
|
22,734
|
1,755
|
|
Cullen/Frost Bankers Inc.
|
26,451
|
1,702
|
|
* SVB Financial Group
|
21,496
|
1,664
|
|
First Niagara Financial Group Inc.
|
168,765
|
1,649
|
|
First Republic Bank
|
44,273
|
1,645
|
|
Commerce Bancshares Inc.
|
36,939
|
1,608
|
|
FirstMerit Corp.
|
79,019
|
1,491
|
|
* Popular Inc.
|
49,380
|
1,481
|
|
City National Corp.
|
23,337
|
1,465
|
|
First Horizon National Corp.
|
116,753
|
1,340
|
|
Prosperity Bancshares Inc.
|
25,857
|
1,295
|
|
Associated Banc-Corp
|
80,546
|
1,241
|
|
Hancock Holding Co.
|
40,792
|
1,165
|
|
Fulton Financial Corp.
|
94,920
|
1,091
|
|
TCF Financial Corp.
|
75,008
|
1,080
|
|
Bank of Hawaii Corp.
|
21,418
|
1,079
|
|
Susquehanna Bancshares Inc.
|
89,634
|
1,076
|
|
Webster Financial Corp.
|
43,126
|
1,007
|
|
Synovus Financial Corp.
|
360,934
|
989
|
|
CapitalSource Inc.
|
97,339
|
916
|
|
UMB Financial Corp.
|
16,547
|
878
|
|
|
|
|
|
* Texas Capital Bancshares Inc.
|
19,676
|
869
|
|
BOK Financial Corp.
|
13,227
|
861
|
|
Valley National Bancorp
|
90,598
|
844
|
|
Trustmark Corp.
|
32,037
|
817
|
|
FNB Corp.
|
67,483
|
776
|
|
BankUnited Inc.
|
31,427
|
772
|
|
Cathay General Bancorp
|
36,176
|
734
|
|
Iberiabank Corp.
|
14,214
|
733
|
|
Umpqua Holdings Corp.
|
54,043
|
731
|
|
BancorpSouth Inc.
|
41,110
|
705
|
|
MB Financial Inc.
|
26,296
|
671
|
|
Glacier Bancorp Inc.
|
34,359
|
668
|
|
Bank of the Ozarks Inc.
|
15,289
|
667
|
|
Wintrust Financial Corp.
|
17,605
|
664
|
|
First Financial Bankshares Inc.
|
12,053
|
663
|
|
Old National Bancorp
|
48,898
|
653
|
|
United Bankshares Inc.
|
24,314
|
632
|
|
PrivateBancorp Inc.
|
31,904
|
618
|
|
Westamerica Bancorporation
|
13,181
|
594
|
|
National Penn Bancshares Inc.
|
59,058
|
583
|
|
International Bancshares Corp.
|
26,122
|
569
|
|
* Western Alliance Bancorp
|
37,799
|
556
|
|
Community Bank System Inc.
|
18,081
|
531
|
|
Columbia Banking System Inc.
|
24,252
|
530
|
|
CVB Financial Corp.
|
43,185
|
495
|
|
First Citizens BancShares Inc.Class A
|
2,460
|
485
|
|
First Midwest Bancorp Inc.
|
36,389
|
479
|
|
BBCN Bancorp Inc.
|
36,045
|
465
|
|
Home BancShares Inc.
|
10,847
|
457
|
|
First Financial Bancorp
|
28,225
|
435
|
|
Investors Bancorp Inc.
|
21,501
|
425
|
|
PacWest Bancorp
|
14,569
|
420
|
|
Park National Corp.
|
5,937
|
410
|
|
Sterling Financial Corp.
|
17,993
|
407
|
|
NBT Bancorp Inc.
|
20,328
|
404
|
|
* Pinnacle Financial Partners Inc.
|
15,908
|
399
|
|
SCBT Financial Corp.
|
7,873
|
394
|
|
OFG Bancorp
|
21,829
|
388
|
|
National Bank Holdings Corp. Class A
|
21,126
|
383
|
|
Independent Bank Corp.
|
10,908
|
359
|
|
Chemical Financial Corp.
|
13,225
|
345
|
|
First Commonwealth Financial Corp.
|
47,455
|
342
|
|
Boston Private Financial Holdings Inc.
|
34,481
|
340
|
|
WesBanco Inc.
|
13,333
|
334
|
|
Banner Corp.
|
9,411
|
302
|
|
City Holding Co.
|
7,584
|
300
|
|
Renasant Corp.
|
12,105
|
288
|
|
S&T Bancorp Inc.
|
14,045
|
272
|
|
Sandy Spring Bancorp Inc.
|
12,291
|
263
|
|
* Bancorp Inc.
|
17,201
|
247
|
|
* Capital Bank Financial Corp.
|
13,479
|
241
|
|
* Eagle Bancorp Inc.
|
10,513
|
237
|
|
Tompkins Financial Corp.
|
5,573
|
231
|
|
State Bank Financial Corp.
|
14,836
|
229
|
|
Community Trust Bancorp Inc.
|
6,506
|
229
|
|
Union First Market Bankshares Corp.
|
11,217
|
225
|
|
First Merchants Corp.
|
13,269
|
220
|
|
|
|
|
|
* First BanCorp
|
34,649
|
212
|
|
Lakeland Financial Corp.
|
7,514
|
207
|
|
* Central Pacific Financial Corp.
|
11,234
|
206
|
|
* Wilshire Bancorp Inc.
|
31,137
|
205
|
|
Cardinal Financial Corp.
|
13,534
|
205
|
|
* Ameris Bancorp
|
11,459
|
189
|
|
Southside Bancshares Inc.
|
8,316
|
188
|
|
Simmons First National Corp. Class A
|
7,281
|
187
|
|
Washington Trust Bancorp Inc.
|
6,706
|
187
|
|
Sterling Bancorp
|
14,802
|
177
|
|
TowneBank
|
11,947
|
174
|
|
StellarOne Corp.
|
11,076
|
173
|
|
1st Source Corp.
|
7,126
|
172
|
|
First Busey Corp.
|
37,006
|
162
|
|
* HomeTrust Bancshares Inc.
|
9,646
|
157
|
|
SY Bancorp Inc.
|
6,471
|
156
|
|
Heartland Financial USA Inc.
|
5,569
|
152
|
|
CoBiz Financial Inc.
|
17,226
|
149
|
|
Arrow Financial Corp.
|
5,930
|
146
|
|
First Interstate Bancsystem Inc.
|
7,152
|
142
|
|
Univest Corp. of Pennsylvania
|
7,786
|
139
|
|
Hudson Valley Holding Corp.
|
7,738
|
139
|
|
First Financial Corp.
|
4,454
|
137
|
|
First Community Bancshares Inc.
|
8,891
|
135
|
|
Trico Bancshares
|
6,743
|
135
|
|
Bryn Mawr Bank Corp.
|
5,883
|
133
|
|
* United Community Banks Inc.
|
11,179
|
132
|
|
Camden National Corp.
|
3,481
|
131
|
|
MainSource Financial Group Inc.
|
9,266
|
129
|
|
German American Bancorp Inc.
|
5,761
|
126
|
|
Lakeland Bancorp Inc.
|
12,627
|
125
|
|
Bancfirst Corp.
|
2,896
|
124
|
|
First of Long Island Corp.
|
3,908
|
123
|
|
Financial Institutions Inc.
|
6,292
|
123
|
|
* Southwest Bancorp Inc.
|
9,174
|
123
|
|
Great Southern Bancorp Inc.
|
4,537
|
122
|
|
Republic Bancorp Inc. Class A
|
4,934
|
117
|
|
Enterprise Financial Services Corp.
|
7,346
|
112
|
|
First Bancorp
|
7,696
|
110
|
|
First Connecticut Bancorp Inc.
|
7,633
|
109
|
|
* Taylor Capital Group Inc.
|
6,402
|
106
|
|
* Sun Bancorp Inc.
|
20,961
|
65
|
|
* FNB United Corp.
|
5,253
|
45
|
|
* Hampton Roads Bankshares Inc.
|
16,747
|
22
|
|
|
|
267,509
|
|
Consumer Finance (5.0%)
|
|
|
|
American Express Co.
|
476,438
|
36,071
|
|
Capital One Financial Corp.
|
279,034
|
17,002
|
|
Discover Financial Services
|
237,394
|
11,255
|
|
SLM Corp.
|
217,432
|
5,162
|
|
* Portfolio Recovery Associates Inc.
|
8,166
|
1,243
|
|
* First Cash Financial Services Inc.
|
13,223
|
712
|
|
Cash America International Inc.
|
13,987
|
667
|
|
* Credit Acceptance Corp.
|
5,155
|
587
|
|
Nelnet Inc. Class A
|
13,374
|
522
|
|
* World Acceptance Corp.
|
5,601
|
517
|
|
* Ezcorp Inc. Class A
|
24,600
|
471
|
|
|
|
|
|
* Encore Capital Group Inc.
|
10,855
|
387
|
|
* DFC Global Corp.
|
19,488
|
290
|
|
* NetSpend Holdings Inc.
|
16,696
|
267
|
|
* Green Dot Corp. Class A
|
10,512
|
189
|
|
* Regional Management Corp.
|
2,746
|
65
|
|
|
|
75,407
|
|
Diversified Financial Services (19.6%)
|
|
|
|
JPMorgan Chase & Co.
|
1,834,568
|
100,149
|
|
Citigroup Inc.
|
1,456,475
|
75,722
|
|
Bank of America Corp.
|
5,186,333
|
70,845
|
|
CME Group Inc.
|
151,981
|
10,324
|
|
McGraw Hill Financial Inc.
|
127,766
|
6,970
|
|
Moody's Corp.
|
96,090
|
6,384
|
|
* IntercontinentalExchange Inc.
|
34,768
|
5,953
|
|
NYSE Euronext
|
116,526
|
4,688
|
|
Leucadia National Corp.
|
148,902
|
4,673
|
|
* MSCI Inc. Class A
|
54,765
|
1,930
|
|
NASDAQ OMX Group Inc.
|
55,611
|
1,749
|
|
CBOE Holdings Inc.
|
41,746
|
1,676
|
|
* ING US Inc.
|
33,493
|
956
|
|
MarketAxess Holdings Inc.
|
17,038
|
739
|
|
* PHH Corp.
|
25,968
|
523
|
|
Interactive Brokers Group Inc.
|
20,492
|
323
|
|
* PICO Holdings Inc.
|
10,428
|
236
|
|
* NewStar Financial Inc.
|
10,507
|
134
|
|
|
|
293,974
|
|
Insurance (21.8%)
|
|
|
|
* Berkshire Hathaway Inc. Class B
|
512,643
|
58,477
|
|
* American International Group Inc.
|
672,162
|
29,884
|
|
MetLife Inc.
|
445,509
|
19,696
|
|
Prudential Financial Inc.
|
221,863
|
15,302
|
|
Travelers Cos. Inc.
|
181,124
|
15,164
|
|
ACE Ltd.
|
162,577
|
14,580
|
|
Aflac Inc.
|
224,120
|
12,481
|
|
Allstate Corp.
|
228,745
|
11,035
|
|
Chubb Corp.
|
125,178
|
10,903
|
|
Marsh & McLennan Cos. Inc.
|
262,782
|
10,517
|
|
Aon plc
|
141,936
|
9,037
|
|
Loews Corp.
|
159,568
|
7,311
|
|
Progressive Corp.
|
275,230
|
7,016
|
|
Hartford Financial Services Group Inc.
|
198,992
|
6,095
|
|
Principal Financial Group Inc.
|
140,745
|
5,327
|
|
Lincoln National Corp.
|
130,233
|
4,644
|
|
XL Group plc Class A
|
141,467
|
4,446
|
|
Unum Group
|
129,362
|
3,684
|
|
Cincinnati Financial Corp.
|
74,256
|
3,515
|
|
* Arch Capital Group Ltd.
|
63,696
|
3,262
|
|
Everest Re Group Ltd.
|
24,470
|
3,172
|
|
* Alleghany Corp.
|
8,070
|
3,147
|
|
* Markel Corp.
|
5,948
|
3,110
|
|
Willis Group Holdings plc
|
79,061
|
3,088
|
|
Torchmark Corp.
|
44,875
|
2,895
|
|
Fidelity National Financial Inc. Class A
|
104,293
|
2,744
|
|
Arthur J Gallagher & Co.
|
60,147
|
2,627
|
|
* Genworth Financial Inc. Class A
|
224,563
|
2,428
|
|
Reinsurance Group of America Inc. Class A
|
35,383
|
2,331
|
|
|
|
|
|
Axis Capital Holdings Ltd.
|
52,679
|
2,295
|
|
PartnerRe Ltd.
|
25,105
|
2,276
|
|
WR Berkley Corp.
|
55,367
|
2,268
|
|
HCC Insurance Holdings Inc.
|
48,208
|
2,066
|
|
Assured Guaranty Ltd.
|
83,690
|
1,893
|
|
Brown & Brown Inc.
|
58,516
|
1,888
|
|
Assurant Inc.
|
37,658
|
1,873
|
|
RenaissanceRe Holdings Ltd.
|
21,124
|
1,816
|
|
Validus Holdings Ltd.
|
46,474
|
1,678
|
|
American Financial Group Inc.
|
34,250
|
1,663
|
|
Old Republic International Corp.
|
117,986
|
1,606
|
|
White Mountains Insurance Group Ltd.
|
2,694
|
1,593
|
|
Allied World Assurance Co. Holdings AG
|
16,533
|
1,478
|
|
Protective Life Corp.
|
37,402
|
1,447
|
|
ProAssurance Corp.
|
28,176
|
1,414
|
|
Aspen Insurance Holdings Ltd.
|
33,531
|
1,232
|
|
CNO Financial Group Inc.
|
95,589
|
1,180
|
|
First American Financial Corp.
|
49,184
|
1,175
|
|
Hanover Insurance Group Inc.
|
21,340
|
1,072
|
|
Endurance Specialty Holdings Ltd.
|
20,571
|
1,035
|
|
* MBIA Inc.
|
69,148
|
985
|
|
StanCorp Financial Group Inc.
|
21,428
|
973
|
|
Erie Indemnity Co. Class A
|
12,281
|
932
|
|
Platinum Underwriters Holdings Ltd.
|
15,811
|
903
|
|
Primerica Inc.
|
24,552
|
865
|
|
Kemper Corp.
|
22,396
|
765
|
|
RLI Corp.
|
9,235
|
693
|
|
* Enstar Group Ltd.
|
5,231
|
661
|
|
Selective Insurance Group Inc.
|
26,540
|
630
|
|
Mercury General Corp.
|
13,226
|
592
|
|
Montpelier Re Holdings Ltd.
|
23,528
|
588
|
|
Argo Group International Holdings Ltd.
|
14,471
|
573
|
|
Symetra Financial Corp.
|
40,468
|
565
|
|
Tower Group International Ltd.
|
26,504
|
512
|
|
* Hilltop Holdings Inc.
|
31,968
|
511
|
|
* National Financial Partners Corp.
|
19,156
|
483
|
|
Amtrust Financial Services Inc.
|
14,546
|
480
|
|
Horace Mann Educators Corp.
|
19,279
|
468
|
|
American Equity Investment Life Holding Co.
|
28,719
|
465
|
|
* Greenlight Capital Re Ltd. Class A
|
14,702
|
356
|
|
Employers Holdings Inc.
|
14,088
|
349
|
|
Infinity Property & Casualty Corp.
|
5,701
|
329
|
|
AMERISAFE Inc.
|
8,860
|
301
|
|
* Navigators Group Inc.
|
4,981
|
290
|
|
Safety Insurance Group Inc.
|
5,423
|
284
|
|
Maiden Holdings Ltd.
|
26,432
|
282
|
|
United Fire Group Inc.
|
10,495
|
282
|
|
Stewart Information Services Corp.
|
8,801
|
244
|
|
* eHealth Inc.
|
9,163
|
226
|
|
National Western Life Insurance Co. Class A
|
1,135
|
222
|
|
FBL Financial Group Inc. Class A
|
5,186
|
213
|
|
Meadowbrook Insurance Group Inc.
|
23,540
|
189
|
|
Homeowners Choice Inc.
|
4,550
|
158
|
|
OneBeacon Insurance Group Ltd. Class A
|
10,216
|
145
|
|
State Auto Financial Corp.
|
7,698
|
141
|
|
* Phoenix Cos. Inc.
|
2,944
|
124
|
|
* Citizens Inc. Class A
|
19,333
|
118
|
|
|
|
|
|
National Interstate Corp.
|
3,885
|
113
|
|
* Global Indemnity plc
|
4,310
|
98
|
|
Baldwin & Lyons Inc.
|
3,962
|
94
|
|
EMC Insurance Group Inc.
|
2,546
|
71
|
|
Kansas City Life Insurance Co.
|
1,768
|
67
|
|
Donegal Group Inc. Class A
|
4,464
|
66
|
|
Crawford & Co. Class B
|
6,139
|
42
|
|
Crawford & Co. Class A
|
7,780
|
40
|
|
|
|
328,354
|
|
Real Estate Investment Trusts (20.5%)
|
|
|
|
Simon Property Group Inc.
|
148,506
|
24,717
|
|
American Tower Corporation
|
189,355
|
14,739
|
|
Public Storage
|
69,964
|
10,621
|
|
HCP Inc.
|
217,494
|
10,305
|
|
Ventas Inc.
|
140,032
|
9,994
|
|
Prologis Inc.
|
236,721
|
9,540
|
|
Equity Residential
|
163,960
|
9,272
|
|
Health Care REIT Inc.
|
135,023
|
9,186
|
|
AvalonBay Communities Inc.
|
58,927
|
7,817
|
|
Weyerhaeuser Co.
|
261,594
|
7,801
|
|
Boston Properties Inc.
|
72,725
|
7,751
|
|
Vornado Realty Trust
|
80,549
|
6,440
|
|
Host Hotels & Resorts Inc.
|
348,579
|
6,201
|
|
Annaly Capital Management Inc.
|
454,429
|
6,171
|
|
American Capital Agency Corp.
|
186,544
|
4,813
|
|
General Growth Properties Inc.
|
225,378
|
4,627
|
|
Kimco Realty Corp.
|
195,692
|
4,335
|
|
Macerich Co.
|
65,817
|
4,272
|
|
Realty Income Corp.
|
92,951
|
4,225
|
|
SL Green Realty Corp.
|
43,743
|
3,805
|
|
Plum Creek Timber Co. Inc.
|
77,771
|
3,710
|
|
Digital Realty Trust Inc.
|
59,665
|
3,634
|
|
Federal Realty Investment Trust
|
31,017
|
3,342
|
|
Rayonier Inc.
|
59,560
|
3,300
|
|
UDR Inc.
|
119,848
|
2,921
|
|
Essex Property Trust Inc.
|
18,127
|
2,848
|
|
Camden Property Trust
|
40,386
|
2,797
|
|
Duke Realty Corp.
|
154,423
|
2,559
|
|
Taubman Centers Inc.
|
30,424
|
2,452
|
|
Senior Housing Properties Trust
|
90,165
|
2,331
|
|
Liberty Property Trust
|
57,306
|
2,325
|
|
Alexandria Real Estate Equities Inc.
|
33,709
|
2,309
|
|
Regency Centers Corp.
|
43,212
|
2,230
|
|
Apartment Investment & Management Co. Class A
|
69,792
|
2,112
|
|
Extra Space Storage Inc.
|
50,393
|
2,111
|
|
DDR Corp.
|
120,102
|
2,097
|
|
American Campus Communities Inc.
|
50,123
|
2,046
|
|
National Retail Properties Inc.
|
55,585
|
1,994
|
|
Starwood Property Trust Inc.
|
77,624
|
1,969
|
|
Corrections Corp. of America
|
55,279
|
1,943
|
|
Hospitality Properties Trust
|
65,918
|
1,923
|
|
Kilroy Realty Corp.
|
36,044
|
1,907
|
|
Two Harbors Investment Corp.
|
167,920
|
1,852
|
|
BRE Properties Inc.
|
36,879
|
1,844
|
|
BioMed Realty Trust Inc.
|
87,995
|
1,842
|
|
Weingarten Realty Investors
|
55,229
|
1,761
|
|
Omega Healthcare Investors Inc.
|
54,309
|
1,760
|
|
|
|
|
|
CBL & Associates Properties Inc.
|
73,425
|
1,688
|
|
Douglas Emmett Inc.
|
64,636
|
1,648
|
|
Tanger Factory Outlet Centers
|
45,291
|
1,562
|
|
Piedmont Office Realty Trust Inc. Class A
|
80,189
|
1,523
|
|
MFA Financial Inc.
|
171,144
|
1,503
|
|
Home Properties Inc.
|
24,696
|
1,501
|
|
Chimera Investment Corp.
|
491,906
|
1,500
|
|
Equity Lifestyle Properties Inc.
|
18,961
|
1,463
|
|
Highwoods Properties Inc.
|
38,087
|
1,387
|
|
Mid-America Apartment Communities Inc.
|
20,360
|
1,384
|
|
Retail Properties of America Inc.
|
87,805
|
1,340
|
|
Post Properties Inc.
|
26,314
|
1,258
|
|
Hatteras Financial Corp.
|
47,281
|
1,221
|
|
LaSalle Hotel Properties
|
45,540
|
1,202
|
|
RLJ Lodging Trust
|
51,830
|
1,200
|
|
Geo Group Inc.
|
34,452
|
1,200
|
|
Invesco Mortgage Capital Inc.
|
63,353
|
1,182
|
|
EPR Properties
|
22,324
|
1,170
|
|
Lexington Realty Trust
|
90,083
|
1,134
|
|
Healthcare Realty Trust Inc.
|
42,315
|
1,126
|
|
CommonWealth REIT
|
54,415
|
1,112
|
|
American Realty Capital Properties Inc.
|
72,695
|
1,106
|
|
Mack-Cali Realty Corp.
|
40,046
|
1,061
|
|
Medical Properties Trust Inc.
|
70,831
|
1,051
|
|
Brandywine Realty Trust
|
73,982
|
1,048
|
|
Corporate Office Properties Trust
|
38,816
|
1,034
|
|
WP Carey Inc.
|
14,709
|
996
|
|
DCT Industrial Trust Inc.
|
134,833
|
995
|
|
Sovran Self Storage Inc.
|
14,629
|
949
|
|
CubeSmart
|
59,623
|
933
|
|
* Sunstone Hotel Investors Inc.
|
76,630
|
924
|
|
ARMOUR Residential REIT Inc.
|
178,952
|
923
|
|
DiamondRock Hospitality Co.
|
94,166
|
895
|
|
Colonial Properties Trust
|
40,497
|
895
|
|
Washington REIT
|
32,082
|
892
|
|
Potlatch Corp.
|
19,261
|
875
|
|
Ryman Hospitality Properties
|
22,496
|
861
|
|
CYS Investments Inc.
|
83,652
|
860
|
|
EastGroup Properties Inc.
|
14,412
|
847
|
|
First Industrial Realty Trust Inc.
|
49,411
|
835
|
|
New Residential Investment Corp.
|
119,549
|
818
|
|
Sun Communities Inc.
|
16,149
|
807
|
|
Glimcher Realty Trust
|
68,918
|
805
|
|
NorthStar Realty Finance Corp.
|
94,010
|
792
|
|
Pebblebrook Hotel Trust
|
29,545
|
775
|
|
DuPont Fabros Technology Inc.
|
31,679
|
768
|
|
Redwood Trust Inc.
|
39,591
|
759
|
|
Equity One Inc.
|
31,429
|
733
|
|
National Health Investors Inc.
|
11,484
|
715
|
|
PS Business Parks Inc.
|
9,351
|
714
|
|
Spirit Realty Capital Inc.
|
34,079
|
684
|
|
Colony Financial Inc.
|
30,699
|
680
|
|
LTC Properties Inc.
|
16,334
|
680
|
|
Acadia Realty Trust
|
25,662
|
665
|
|
Pennsylvania REIT
|
32,278
|
642
|
|
Government Properties Income Trust
|
26,353
|
641
|
|
* Strategic Hotels & Resorts Inc.
|
79,095
|
636
|
|
|
|
|
|
Newcastle Investment Corp.
|
121,349
|
614
|
|
PennyMac Mortgage Investment Trust
|
28,130
|
609
|
|
American Capital Mortgage Investment Corp.
|
28,318
|
597
|
|
Franklin Street Properties Corp.
|
42,631
|
581
|
|
Cousins Properties Inc.
|
56,246
|
580
|
|
Education Realty Trust Inc.
|
54,207
|
567
|
|
Capstead Mortgage Corp.
|
45,642
|
560
|
|
Healthcare Trust of America Inc. Class A
|
48,347
|
555
|
|
American Assets Trust Inc.
|
16,249
|
523
|
|
Chesapeake Lodging Trust
|
22,827
|
515
|
|
Hersha Hospitality Trust Class A
|
86,442
|
494
|
|
Sabra Health Care REIT Inc.
|
18,006
|
487
|
|
Hudson Pacific Properties Inc.
|
21,185
|
457
|
|
Inland Real Estate Corp.
|
43,367
|
445
|
|
STAG Industrial Inc.
|
20,161
|
444
|
|
Ramco-Gershenson Properties Trust
|
28,159
|
440
|
|
Investors Real Estate Trust
|
48,710
|
438
|
|
Ashford Hospitality Trust Inc.
|
31,228
|
412
|
|
* iStar Financial Inc.
|
34,407
|
410
|
|
Associated Estates Realty Corp.
|
24,201
|
398
|
|
Anworth Mortgage Asset Corp.
|
69,444
|
391
|
|
Retail Opportunity Investments Corp.
|
27,838
|
391
|
|
First Potomac Realty Trust
|
27,990
|
383
|
|
Campus Crest Communities Inc.
|
29,586
|
374
|
|
Resource Capital Corp.
|
60,244
|
373
|
|
Parkway Properties Inc.
|
21,218
|
364
|
|
CapLease Inc.
|
40,435
|
349
|
|
Alexander's Inc.
|
1,111
|
338
|
|
Coresite Realty Corp.
|
10,287
|
330
|
|
* FelCor Lodging Trust Inc.
|
53,242
|
328
|
|
Silver Bay Realty Trust Corp.
|
18,133
|
323
|
|
Summit Hotel Properties Inc.
|
30,636
|
302
|
|
AG Mortgage Investment Trust Inc.
|
13,176
|
302
|
|
Excel Trust Inc.
|
21,819
|
291
|
|
Apollo Residential Mortgage Inc.
|
15,022
|
286
|
|
Apollo Commercial Real Estate Finance Inc.
|
16,621
|
277
|
|
Getty Realty Corp.
|
12,800
|
268
|
|
Saul Centers Inc.
|
5,858
|
262
|
|
Universal Health Realty Income Trust
|
5,730
|
259
|
|
Kite Realty Group Trust
|
42,137
|
256
|
|
Dynex Capital Inc.
|
24,794
|
252
|
|
Rouse Properties Inc.
|
11,910
|
239
|
|
Urstadt Biddle Properties Inc. Class A
|
11,328
|
239
|
|
Select Income REIT
|
8,440
|
230
|
|
Western Asset Mortgage Capital Corp.
|
11,790
|
216
|
|
New York Mortgage Trust Inc.
|
30,880
|
209
|
|
Agree Realty Corp.
|
5,967
|
199
|
|
Monmouth Real Estate Investment Corp. Class A
|
17,988
|
185
|
|
Winthrop Realty Trust
|
14,166
|
176
|
|
One Liberty Properties Inc.
|
5,733
|
152
|
|
Cedar Realty Trust Inc.
|
25,822
|
148
|
|
AmREIT Inc.
|
7,172
|
143
|
|
Whitestone REIT
|
7,908
|
130
|
|
|
|
308,240
|
|
Real Estate Management & Development (0.9%)
|
|
|
|
* CBRE Group Inc. Class A
|
134,807
|
3,125
|
|
* Realogy Holdings Corp.
|
55,800
|
2,882
|
|
|
|
|
|
|
Jones Lang LaSalle Inc.
|
|
21,049
|
1,933
|
|
* Howard Hughes Corp.
|
|
15,054
|
1,499
|
|
* Forest City Enterprises Inc. Class A
|
|
61,598
|
1,156
|
|
* Altisource Portfolio Solutions SA
|
|
7,877
|
743
|
|
* Alexander & Baldwin Inc.
|
|
20,696
|
730
|
|
* St. Joe Co.
|
|
33,415
|
682
|
|
Kennedy-Wilson Holdings Inc.
|
|
24,661
|
423
|
|
* Forestar Group Inc.
|
|
16,794
|
387
|
|
* Tejon Ranch Co.
|
|
7,696
|
232
|
|
|
|
|
13,792
|
|
Thrifts & Mortgage Finance (1.4%)
|
|
|
|
|
New York Community Bancorp Inc.
|
|
210,914
|
2,759
|
|
* Ocwen Financial Corp.
|
|
55,137
|
2,359
|
|
People's United Financial Inc.
|
|
162,449
|
2,235
|
|
Hudson City Bancorp Inc.
|
|
227,607
|
1,935
|
|
Radian Group Inc.
|
|
80,941
|
1,042
|
|
* MGIC Investment Corp.
|
|
153,546
|
949
|
|
Washington Federal Inc.
|
|
50,248
|
879
|
|
Capitol Federal Financial Inc.
|
|
69,275
|
822
|
|
Home Loan Servicing Solutions Ltd.
|
|
26,901
|
614
|
|
Northwest Bancshares Inc.
|
|
44,874
|
556
|
|
EverBank Financial Corp.
|
|
35,031
|
550
|
|
* TFS Financial Corp.
|
|
45,155
|
496
|
|
* Nationstar Mortgage Holdings Inc.
|
|
10,906
|
444
|
|
Astoria Financial Corp.
|
|
42,695
|
421
|
|
Provident Financial Services Inc.
|
|
25,723
|
392
|
|
ViewPoint Financial Group Inc.
|
|
18,136
|
343
|
|
Berkshire Hills Bancorp Inc.
|
|
12,176
|
327
|
|
Northfield Bancorp Inc.
|
|
28,435
|
326
|
|
Brookline Bancorp Inc.
|
|
34,350
|
291
|
|
Oritani Financial Corp.
|
|
18,346
|
281
|
|
TrustCo Bank Corp. NY
|
|
45,590
|
255
|
|
Flushing Financial Corp.
|
|
14,367
|
225
|
|
Dime Community Bancshares Inc.
|
|
14,838
|
214
|
|
WSFS Financial Corp.
|
|
4,069
|
204
|
|
* Walker & Dunlop Inc.
|
|
10,197
|
193
|
|
Provident New York Bancorp
|
|
19,570
|
180
|
|
Rockville Financial Inc.
|
|
12,160
|
159
|
|
* Flagstar Bancorp Inc.
|
|
11,067
|
155
|
|
* Beneficial Mutual Bancorp Inc.
|
|
17,452
|
149
|
|
United Financial Bancorp Inc.
|
|
9,372
|
143
|
|
Federal Agricultural Mortgage Corp.
|
|
4,426
|
133
|
|
HomeStreet Inc.
|
|
5,316
|
122
|
|
Territorial Bancorp Inc.
|
|
4,459
|
103
|
|
OceanFirst Financial Corp.
|
|
6,847
|
95
|
|
Westfield Financial Inc.
|
|
10,558
|
79
|
|
|
|
|
20,430
|
|
Total Common Stocks (Cost $1,401,659)
|
|
|
1,503,194
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.0%)
|
|
|
|
|
1 Vanguard Market Liquidity Fund (Cost $110)
|
0.136%
|
109,772
|
110
|
|
Total Investments (100.0%) (Cost $1,401,769)
|
|
|
1,503,304
|
|
Other Assets and Liabilities-Net (0.0%)
|
|
|
564
|
|
Net Assets (100%)
|
|
|
1,503,868
|
|
* Non-income-producing security.
|
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $1,401,769,000. Net unrealized appreciation of investment securities for tax purposes was $101,535,000, consisting of unrealized gains of $180,578,000 on securities that had risen in value since their purchase and $79,043,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Health Care Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.1%)
|
|
|
|
Biotechnology (18.9%)
|
|
|
|
*
|
Gilead Sciences Inc.
|
1,304,767
|
71,084
|
|
|
Amgen Inc.
|
651,556
|
65,501
|
|
*
|
Biogen Idec Inc.
|
202,532
|
48,099
|
|
*
|
Celgene Corp.
|
359,854
|
44,496
|
|
*
|
Alexion Pharmaceuticals Inc.
|
167,334
|
16,322
|
|
*
|
Regeneron Pharmaceuticals Inc.
|
65,398
|
15,818
|
|
*
|
Vertex Pharmaceuticals Inc.
|
187,076
|
15,024
|
|
*
|
BioMarin Pharmaceutical Inc.
|
108,156
|
6,781
|
|
*
|
Onyx Pharmaceuticals Inc.
|
61,671
|
5,886
|
|
*
|
Pharmacyclics Inc.
|
49,681
|
4,553
|
|
*
|
Alkermes plc
|
108,466
|
3,390
|
|
*
|
Medivation Inc.
|
63,594
|
3,088
|
|
*
|
Cubist Pharmaceuticals Inc.
|
55,242
|
3,035
|
|
*
|
Seattle Genetics Inc.
|
87,821
|
3,014
|
|
*
|
Ariad Pharmaceuticals Inc.
|
157,554
|
2,889
|
|
*
|
United Therapeutics Corp.
|
40,928
|
2,720
|
|
*
|
Incyte Corp. Ltd.
|
103,354
|
2,291
|
|
*
|
Myriad Genetics Inc.
|
69,926
|
2,245
|
|
*
|
Theravance Inc.
|
63,203
|
2,215
|
|
*
|
Isis Pharmaceuticals Inc.
|
95,855
|
2,075
|
|
*
|
Cepheid Inc.
|
56,979
|
1,981
|
|
^,*
Arena Pharmaceuticals Inc.
|
186,301
|
1,647
|
|
*
|
Alnylam Pharmaceuticals Inc.
|
47,823
|
1,465
|
|
*
|
NPS Pharmaceuticals Inc.
|
85,820
|
1,352
|
|
*
|
ImmunoGen Inc.
|
71,981
|
1,322
|
|
*
|
Aegerion Pharmaceuticals Inc.
|
16,872
|
1,229
|
|
*
|
Acorda Therapeutics Inc.
|
32,755
|
1,096
|
|
*
|
Ironwood Pharmaceuticals Inc. Class A
|
79,503
|
1,061
|
|
^,*
MannKind Corp.
|
147,159
|
982
|
|
|
PDL BioPharma Inc.
|
118,763
|
980
|
|
*
|
Quintiles Transnational Holdings Inc.
|
22,024
|
970
|
|
*
|
Sarepta Therapeutics Inc.
|
25,917
|
916
|
|
*
|
Celldex Therapeutics Inc.
|
69,076
|
883
|
|
*
|
Infinity Pharmaceuticals Inc.
|
30,549
|
823
|
|
*
|
Puma Biotechnology Inc.
|
20,890
|
813
|
|
*
|
ACADIA Pharmaceuticals Inc.
|
55,794
|
785
|
|
^,*
Opko Health Inc.
|
117,042
|
774
|
|
*
|
Exelixis Inc.
|
158,594
|
768
|
|
*
|
Neurocrine Biosciences Inc.
|
57,494
|
743
|
|
*
|
InterMune Inc.
|
67,680
|
669
|
|
*
|
Exact Sciences Corp.
|
55,036
|
619
|
|
*
|
Halozyme Therapeutics Inc.
|
82,914
|
586
|
|
^,*
Dendreon Corp.
|
133,575
|
534
|
|
*
|
Synageva BioPharma Corp.
|
12,862
|
530
|
|
*
|
Momenta Pharmaceuticals Inc.
|
39,988
|
526
|
|
*
|
Achillion Pharmaceuticals Inc.
|
60,550
|
505
|
|
*
|
Genomic Health Inc.
|
13,528
|
493
|
|
*
|
Lexicon Pharmaceuticals Inc.
|
198,212
|
474
|
|
*
|
Ligand Pharmaceuticals Inc. Class B
|
15,396
|
460
|
|
|
|
|
|
|
*
|
TESARO Inc.
|
12,514
|
428
|
|
|
Spectrum Pharmaceuticals Inc.
|
51,840
|
426
|
|
*
|
Idenix Pharmaceuticals Inc.
|
84,847
|
402
|
|
*
|
Merrimack Pharmaceuticals Inc.
|
69,719
|
386
|
|
*
|
Orexigen Therapeutics Inc.
|
59,177
|
375
|
|
*
|
Clovis Oncology Inc.
|
10,218
|
374
|
|
*
|
Dynavax Technologies Corp.
|
142,375
|
372
|
|
*
|
Emergent Biosolutions Inc.
|
24,688
|
351
|
|
*
|
Raptor Pharmaceutical Corp.
|
45,757
|
347
|
|
*
|
Sangamo Biosciences Inc.
|
42,723
|
342
|
|
*
|
Rigel Pharmaceuticals Inc.
|
73,007
|
337
|
|
*
|
Protalix BioTherapeutics Inc.
|
64,129
|
326
|
|
*
|
Dyax Corp.
|
85,552
|
269
|
|
*
|
Synergy Pharmaceuticals Inc.
|
52,670
|
269
|
|
*
|
Synta Pharmaceuticals Corp.
|
35,420
|
261
|
|
*
|
Immunomedics Inc.
|
66,615
|
260
|
|
*
|
PROLOR Biotech Inc.
|
41,311
|
260
|
|
*
|
Curis Inc.
|
69,222
|
260
|
|
*
|
AMAG Pharmaceuticals Inc.
|
13,040
|
241
|
|
*
|
NewLink Genetics Corp.
|
14,449
|
236
|
|
*
|
Vical Inc.
|
62,830
|
220
|
|
*
|
Threshold Pharmaceuticals Inc.
|
37,545
|
215
|
|
*
|
Novavax Inc.
|
111,016
|
212
|
|
*
|
Trius Therapeutics Inc.
|
26,400
|
202
|
|
*
|
Intercept Pharmaceuticals Inc.
|
5,703
|
191
|
|
*
|
KYTHERA Biopharmaceuticals Inc.
|
8,642
|
185
|
|
*
|
Coronado Biosciences Inc.
|
17,843
|
176
|
|
*
|
Osiris Therapeutics Inc.
|
13,236
|
149
|
|
*
|
Progenics Pharmaceuticals Inc.
|
34,657
|
138
|
|
*
|
Sunesis Pharmaceuticals Inc.
|
25,183
|
136
|
|
*
|
Hyperion Therapeutics Inc.
|
6,693
|
134
|
|
*
|
Arqule Inc.
|
47,468
|
129
|
|
*
|
Biotime Inc.
|
22,344
|
106
|
|
*
|
AVEO Pharmaceuticals Inc.
|
37,437
|
96
|
|
|
Enzon Pharmaceuticals Inc.
|
28,705
|
88
|
|
^,*
ZIOPHARM Oncology Inc.
|
17,471
|
38
|
|
*
|
Geron Corp.
|
32,037
|
35
|
|
*
|
SIGA Technologies Inc.
|
9,284
|
35
|
|
^,*
Savient Pharmaceuticals Inc.
|
45,064
|
25
|
|
*
|
Forest Laboratories Inc. Contingent Value Rights Exp. 04/14/2018
|
8,685
|
8
|
|
|
|
|
355,552
|
|
Health Care Equipment & Supplies (17.7%)
|
|
|
|
|
Abbott Laboratories
|
1,346,014
|
49,358
|
|
|
Medtronic Inc.
|
868,777
|
44,316
|
|
|
Baxter International Inc.
|
468,634
|
32,959
|
|
|
Covidien plc
|
404,783
|
25,744
|
|
|
Stryker Corp.
|
260,975
|
17,326
|
|
*
|
Intuitive Surgical Inc.
|
34,398
|
17,114
|
|
|
Becton Dickinson and Co.
|
166,921
|
16,462
|
|
|
Zimmer Holdings Inc.
|
146,131
|
11,473
|
|
*
|
Boston Scientific Corp.
|
1,167,069
|
10,784
|
|
|
St. Jude Medical Inc.
|
242,330
|
10,476
|
|
*
|
CareFusion Corp.
|
190,931
|
7,017
|
|
|
CR Bard Inc.
|
66,871
|
6,894
|
|
*
|
Edwards Lifesciences Corp.
|
97,720
|
6,494
|
|
*
|
Varian Medical Systems Inc.
|
93,614
|
6,273
|
|
|
ResMed Inc.
|
123,016
|
5,905
|
|
|
|
|
|
|
|
DENTSPLY International Inc.
|
122,511
|
5,116
|
|
*
|
Hologic Inc.
|
229,521
|
4,763
|
|
|
Cooper Cos. Inc.
|
41,473
|
4,687
|
|
*
|
IDEXX Laboratories Inc.
|
46,975
|
3,873
|
|
*
|
Sirona Dental Systems Inc.
|
48,725
|
3,457
|
|
|
Teleflex Inc.
|
34,956
|
2,738
|
|
|
STERIS Corp.
|
50,130
|
2,273
|
|
|
West Pharmaceutical Services Inc.
|
29,314
|
2,009
|
|
*
|
Align Technology Inc.
|
55,927
|
1,999
|
|
|
Hill-Rom Holdings Inc.
|
52,354
|
1,892
|
|
*
|
Haemonetics Corp.
|
43,900
|
1,812
|
|
*
|
Alere Inc.
|
65,767
|
1,682
|
|
*
|
Thoratec Corp.
|
50,607
|
1,577
|
|
*
|
Insulet Corp.
|
45,584
|
1,361
|
|
*
|
DexCom Inc.
|
59,495
|
1,239
|
|
*
|
HeartWare International Inc.
|
12,493
|
1,140
|
|
*
|
Cyberonics Inc.
|
23,565
|
1,124
|
|
*
|
Neogen Corp.
|
19,507
|
1,063
|
|
|
Masimo Corp.
|
46,584
|
1,009
|
|
*
|
Wright Medical Group Inc.
|
37,712
|
944
|
|
*
|
Volcano Corp.
|
45,574
|
870
|
|
*
|
Conceptus Inc.
|
27,181
|
842
|
|
|
Abaxis Inc.
|
18,858
|
830
|
|
|
Analogic Corp.
|
10,395
|
826
|
|
*
|
ArthroCare Corp.
|
23,793
|
807
|
|
|
CONMED Corp.
|
24,369
|
802
|
|
*
|
NuVasive Inc.
|
36,856
|
801
|
|
*
|
ICU Medical Inc.
|
11,096
|
792
|
|
|
Meridian Bioscience Inc.
|
35,379
|
765
|
|
*
|
Globus Medical Inc.
|
51,172
|
747
|
|
|
Cantel Medical Corp.
|
20,015
|
681
|
|
*
|
Endologix Inc.
|
50,511
|
679
|
|
*
|
Integra LifeSciences Holdings Corp.
|
17,526
|
664
|
|
*
|
ABIOMED Inc.
|
30,762
|
664
|
|
*
|
Greatbatch Inc.
|
19,978
|
643
|
|
*
|
NxStage Medical Inc.
|
46,109
|
643
|
|
*
|
Spectranetics Corp.
|
34,138
|
638
|
|
*
|
Quidel Corp.
|
25,262
|
604
|
|
*
|
Orthofix International NV
|
16,291
|
450
|
|
*
|
MAKO Surgical Corp.
|
34,456
|
426
|
|
|
Invacare Corp.
|
25,591
|
397
|
|
*
|
Antares Pharma Inc.
|
96,020
|
390
|
|
*
|
GenMark Diagnostics Inc.
|
25,677
|
383
|
|
*
|
Natus Medical Inc.
|
25,634
|
361
|
|
*
|
Tornier NV
|
21,806
|
345
|
|
*
|
Merit Medical Systems Inc.
|
34,243
|
338
|
|
|
Atrion Corp.
|
1,491
|
329
|
|
*
|
Accuray Inc.
|
59,426
|
319
|
|
*
|
SurModics Inc.
|
12,811
|
304
|
|
*
|
Symmetry Medical Inc.
|
31,570
|
295
|
|
*
|
Staar Surgical Co.
|
32,239
|
287
|
|
*
|
AngioDynamics Inc.
|
22,520
|
245
|
|
^,*
Navidea Biopharmaceuticals Inc.
|
98,347
|
238
|
|
^,*
Unilife Corp.
|
68,439
|
226
|
|
*
|
OraSure Technologies Inc.
|
47,892
|
210
|
|
*
|
Palomar Medical Technologies Inc.
|
15,171
|
205
|
|
*
|
PhotoMedex Inc.
|
10,791
|
176
|
|
|
|
|
|
* RTI Biologics Inc.
|
43,069
|
174
|
|
* Exactech Inc.
|
6,907
|
126
|
|
* Wright Medical Group Inc. Rights Exp. 12/31/2049
|
14,554
|
44
|
|
|
|
333,919
|
|
Health Care Providers & Services (17.1%)
|
|
|
|
UnitedHealth Group Inc.
|
878,405
|
55,015
|
|
* Express Scripts Holding Co.
|
701,487
|
43,576
|
|
McKesson Corp.
|
199,533
|
22,719
|
|
WellPoint Inc.
|
260,588
|
20,057
|
|
Aetna Inc.
|
324,224
|
19,577
|
|
Cigna Corp.
|
245,088
|
16,641
|
|
Cardinal Health Inc.
|
292,192
|
13,721
|
|
Humana Inc.
|
136,045
|
10,990
|
|
AmerisourceBergen Corp. Class A
|
197,250
|
10,667
|
|
* DaVita HealthCare Partners Inc.
|
76,790
|
9,527
|
|
HCA Holdings Inc.
|
228,168
|
8,912
|
|
Quest Diagnostics Inc.
|
136,011
|
8,411
|
|
* Laboratory Corp. of America Holdings
|
79,735
|
7,933
|
|
* Henry Schein Inc.
|
75,399
|
7,260
|
|
Universal Health Services Inc. Class B
|
77,582
|
5,364
|
|
* Tenet Healthcare Corp.
|
89,282
|
4,229
|
|
Omnicare Inc.
|
89,631
|
4,126
|
|
* MEDNAX Inc.
|
42,841
|
3,977
|
|
Community Health Systems Inc.
|
79,043
|
3,808
|
|
* Health Management Associates Inc. Class A
|
218,911
|
3,019
|
|
Patterson Cos. Inc.
|
72,745
|
2,843
|
|
* Brookdale Senior Living Inc. Class A
|
84,035
|
2,382
|
|
* Team Health Holdings Inc.
|
58,085
|
2,269
|
|
* Centene Corp.
|
44,938
|
2,224
|
|
* HealthSouth Corp.
|
75,737
|
2,218
|
|
* Health Net Inc.
|
67,867
|
2,163
|
|
* LifePoint Hospitals Inc.
|
40,183
|
1,998
|
|
* VCA Antech Inc.
|
75,817
|
1,938
|
|
* WellCare Health Plans Inc.
|
36,937
|
1,926
|
|
Owens & Minor Inc.
|
54,435
|
1,861
|
|
* Magellan Health Services Inc.
|
23,572
|
1,285
|
|
* MWI Veterinary Supply Inc.
|
10,505
|
1,276
|
|
Chemed Corp.
|
16,563
|
1,160
|
|
Air Methods Corp.
|
29,725
|
1,113
|
|
* Molina Healthcare Inc.
|
25,933
|
980
|
|
* Amsurg Corp. Class A
|
27,094
|
963
|
|
* Hanger Inc.
|
29,428
|
939
|
|
* Acadia Healthcare Co. Inc.
|
28,029
|
936
|
|
* Emeritus Corp.
|
33,489
|
851
|
|
* BioScrip Inc.
|
50,496
|
706
|
|
* IPC The Hospitalist Co. Inc.
|
14,082
|
687
|
|
* Bio-Reference Labs Inc.
|
21,274
|
656
|
|
* Capital Senior Living Corp.
|
24,017
|
630
|
|
* Kindred Healthcare Inc.
|
46,269
|
625
|
|
Ensign Group Inc.
|
15,884
|
573
|
|
* AMN Healthcare Services Inc.
|
39,329
|
527
|
|
* ExamWorks Group Inc.
|
26,373
|
492
|
|
* Accretive Health Inc.
|
41,738
|
475
|
|
* Triple-S Management Corp. Class B
|
20,381
|
431
|
|
Landauer Inc.
|
8,085
|
430
|
|
* PharMerica Corp.
|
25,508
|
398
|
|
* Healthways Inc.
|
28,537
|
384
|
|
|
|
|
|
National Healthcare Corp.
|
7,823
|
372
|
|
* Vanguard Health Systems Inc.
|
26,339
|
351
|
|
* Amedisys Inc.
|
26,454
|
326
|
|
* Corvel Corp.
|
5,974
|
310
|
|
Universal American Corp.
|
33,761
|
308
|
|
US Physical Therapy Inc.
|
10,541
|
296
|
|
* LHC Group Inc.
|
12,910
|
284
|
|
Select Medical Holdings Corp.
|
35,399
|
280
|
|
* Gentiva Health Services Inc.
|
22,985
|
245
|
|
* Assisted Living Concepts Inc. Class A
|
17,700
|
211
|
|
* Skilled Healthcare Group Inc.
|
19,714
|
140
|
|
Almost Family Inc.
|
6,805
|
135
|
|
* National Research Corp. Class B
|
1,185
|
40
|
|
|
|
321,166
|
|
Health Care Technology (1.3%)
|
|
|
|
* Cerner Corp.
|
132,862
|
13,058
|
|
* athenahealth Inc.
|
30,967
|
2,618
|
|
* HMS Holdings Corp.
|
74,190
|
1,847
|
|
* Allscripts Healthcare Solutions Inc.
|
131,670
|
1,824
|
|
* Medidata Solutions Inc.
|
19,992
|
1,380
|
|
* MedAssets Inc.
|
45,929
|
753
|
|
Quality Systems Inc.
|
38,341
|
685
|
|
* Omnicell Inc.
|
28,182
|
511
|
|
* HealthStream Inc.
|
16,908
|
453
|
|
Computer Programs & Systems Inc.
|
8,862
|
444
|
|
* Merge Healthcare Inc.
|
53,926
|
178
|
|
* Vocera Communications Inc.
|
11,676
|
172
|
|
* Greenway Medical Technologies
|
12,011
|
144
|
|
|
|
24,067
|
|
Life Sciences Tools & Services (4.7%)
|
|
|
|
Thermo Fisher Scientific Inc.
|
306,462
|
27,061
|
|
Agilent Technologies Inc.
|
298,132
|
13,550
|
|
* Life Technologies Corp.
|
146,003
|
10,819
|
|
* Illumina Inc.
|
106,372
|
7,480
|
|
* Waters Corp.
|
73,566
|
7,115
|
|
* Mettler-Toledo International Inc.
|
25,942
|
5,662
|
|
* Covance Inc.
|
47,304
|
3,528
|
|
PerkinElmer Inc.
|
98,230
|
3,076
|
|
* PAREXEL International Corp.
|
50,250
|
2,296
|
|
Techne Corp.
|
29,882
|
1,987
|
|
* Bio-Rad Laboratories Inc. Class A
|
16,924
|
1,924
|
|
* Charles River Laboratories International Inc.
|
41,786
|
1,810
|
|
* Bruker Corp.
|
78,178
|
1,292
|
|
* Luminex Corp.
|
31,692
|
611
|
|
* Sequenom Inc.
|
97,085
|
402
|
|
* Fluidigm Corp.
|
18,116
|
309
|
|
* Affymetrix Inc.
|
52,344
|
196
|
|
|
|
89,118
|
|
Pharmaceuticals (40.4%)
|
|
|
|
Johnson & Johnson
|
2,395,727
|
201,672
|
|
Pfizer Inc.
|
6,161,170
|
167,769
|
|
Merck & Co. Inc.
|
2,594,040
|
121,142
|
|
Bristol-Myers Squibb Co.
|
1,406,238
|
64,701
|
|
AbbVie Inc.
|
1,354,762
|
57,835
|
|
Eli Lilly & Co.
|
874,929
|
46,511
|
|
Allergan Inc.
|
257,510
|
25,620
|
|
|
|
|
|
|
|
*
|
Actavis Inc.
|
|
109,657
|
13,520
|
|
*
|
Mylan Inc.
|
|
338,968
|
10,332
|
|
|
Perrigo Co.
|
|
76,453
|
8,862
|
|
*
|
Forest Laboratories Inc.
|
|
205,367
|
8,163
|
|
*
|
Hospira Inc.
|
|
141,236
|
4,898
|
|
|
Warner Chilcott plc Class A
|
|
182,771
|
3,509
|
|
*
|
Endo Health Solutions Inc.
|
|
95,072
|
3,451
|
|
*
|
Salix Pharmaceuticals Ltd.
|
|
52,422
|
3,180
|
|
*
|
Jazz Pharmaceuticals plc
|
|
42,393
|
2,881
|
|
|
Zoetis Inc.
|
|
84,644
|
2,709
|
|
|
Questcor Pharmaceuticals Inc.
|
|
50,039
|
1,710
|
|
*
|
ViroPharma Inc.
|
|
56,431
|
1,552
|
|
*
|
Medicines Co.
|
|
45,800
|
1,475
|
|
^,*
Vivus Inc.
|
|
81,923
|
1,204
|
|
*
|
Santarus Inc.
|
|
52,507
|
1,169
|
|
*
|
Impax Laboratories Inc.
|
|
55,256
|
1,047
|
|
*
|
Nektar Therapeutics
|
|
98,508
|
933
|
|
*
|
Akorn Inc.
|
|
61,694
|
896
|
|
*
|
Pacira Pharmaceuticals Inc.
|
|
23,790
|
697
|
|
*
|
Auxilium Pharmaceuticals Inc.
|
|
41,799
|
624
|
|
*
|
Optimer Pharmaceuticals Inc.
|
|
40,936
|
609
|
|
*
|
AVANIR Pharmaceuticals Inc.
|
|
117,721
|
391
|
|
*
|
Cadence Pharmaceuticals Inc.
|
|
51,699
|
344
|
|
*
|
Endocyte Inc.
|
|
23,272
|
319
|
|
|
Hi-Tech Pharmacal Co. Inc.
|
|
9,049
|
289
|
|
*
|
Depomed Inc.
|
|
48,007
|
277
|
|
*
|
XenoPort Inc.
|
|
36,540
|
201
|
|
*
|
Sciclone Pharmaceuticals Inc.
|
|
36,971
|
178
|
|
*
|
Sagent Pharmaceuticals Inc.
|
|
9,062
|
163
|
|
^,*
Ampio Pharmaceuticals Inc.
|
|
23,758
|
135
|
|
*
|
Pozen Inc.
|
|
21,768
|
115
|
|
*
|
Corcept Therapeutics Inc.
|
|
52,222
|
95
|
|
^,*
Supernus Pharmaceuticals Inc.
|
|
8,862
|
61
|
|
|
|
|
|
761,239
|
|
Total Common Stocks (Cost $1,520,008)
|
|
|
1,885,061
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.1%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $2,280)
|
0.136%
|
2,280,302
|
2,280
|
|
Total Investments (100.2%) (Cost $1,522,288)
|
|
|
1,887,341
|
|
Other Assets and Liabilities-Net (-0.2%)
2
|
|
|
(4,575)
|
|
Net Assets (100%)
|
|
|
1,882,766
|
Part of security position is on loan to broker-dealers. The total value of securities on loan is $2,066,000.
Non-income-producing security.
Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
Includes $2,280,000 of collateral received for securities on loan.
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
Health Care Index Fund
trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B.
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).
The following table summarizes the market value of the fund's investments as of May 31, 2013, based on the inputs used to value them:
|
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
|
Investments
|
($000)
|
($000)
|
($000)
|
|
Common Stocks
|
1,885,053
|
—
|
8
|
|
Temporary Cash Investments
|
2,280
|
—
|
—
|
|
Total
|
1,887,333
|
—
|
8
|
C.
At May 31, 2013, the cost of investment securities for tax purposes was $1,522,288,000. Net unrealized appreciation of investment securities for tax purposes was $365,053,000, consisting of unrealized gains of $382,280,000 on securities that had risen in value since their purchase and $17,227,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Industrials Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Aerospace & Defense (20.5%)
|
|
|
|
|
United Technologies Corp.
|
351,701
|
33,376
|
|
|
Boeing Co.
|
290,130
|
28,729
|
|
|
Honeywell International Inc.
|
300,728
|
23,595
|
|
|
Precision Castparts Corp.
|
59,150
|
12,653
|
|
|
Lockheed Martin Corp.
|
110,741
|
11,720
|
|
|
General Dynamics Corp.
|
121,336
|
9,355
|
|
|
Raytheon Co.
|
131,807
|
8,784
|
|
|
Northrop Grumman Corp.
|
90,982
|
7,496
|
|
|
Rockwell Collins Inc.
|
53,018
|
3,433
|
|
|
L-3 Communications Holdings Inc.
|
36,307
|
3,089
|
|
|
Textron Inc.
|
109,670
|
2,957
|
|
|
TransDigm Group Inc.
|
19,199
|
2,805
|
|
*
|
B/E Aerospace Inc.
|
42,304
|
2,684
|
|
|
Triumph Group Inc.
|
20,198
|
1,568
|
|
*
|
Hexcel Corp.
|
40,530
|
1,409
|
|
|
Huntington Ingalls Industries Inc.
|
20,053
|
1,107
|
|
*
|
Teledyne Technologies Inc.
|
14,311
|
1,105
|
|
*
|
Spirit Aerosystems Holdings Inc. Class A
|
48,206
|
1,042
|
|
|
Alliant Techsystems Inc.
|
13,236
|
1,039
|
|
|
Exelis Inc.
|
75,928
|
923
|
|
*
|
Esterline Technologies Corp.
|
12,516
|
919
|
|
*
|
Moog Inc. Class A
|
15,846
|
793
|
|
*
|
DigitalGlobe Inc.
|
23,799
|
719
|
|
|
Curtiss-Wright Corp.
|
16,962
|
617
|
|
|
HEICO Corp. Class A
|
12,017
|
445
|
|
*
|
Orbital Sciences Corp.
|
23,950
|
435
|
|
|
Cubic Corp.
|
8,083
|
385
|
|
|
HEICO Corp.
|
6,484
|
328
|
|
|
AAR Corp.
|
16,101
|
323
|
|
*
|
GenCorp Inc.
|
19,395
|
265
|
|
*
|
Taser International Inc.
|
21,346
|
203
|
|
|
American Science & Engineering Inc.
|
3,314
|
199
|
|
*
|
Engility Holdings Inc.
|
6,762
|
173
|
|
*
|
KEYW Holding Corp.
|
11,064
|
163
|
|
*
|
Aerovironment Inc.
|
7,696
|
155
|
|
|
National Presto Industries Inc.
|
1,972
|
152
|
|
*
|
Astronics Corp.
|
3,629
|
130
|
|
*
|
LMI Aerospace Inc.
|
4,381
|
83
|
|
*
|
Astronics Corp. Class B
|
406
|
14
|
|
|
|
|
165,370
|
|
Air Freight & Logistics (5.8%)
|
|
|
|
|
United Parcel Service Inc. Class B
|
294,976
|
25,338
|
|
|
FedEx Corp.
|
120,655
|
11,624
|
|
|
CH Robinson Worldwide Inc.
|
65,061
|
3,688
|
|
|
Expeditors International of Washington Inc.
|
83,399
|
3,255
|
|
|
UTi Worldwide Inc.
|
41,925
|
664
|
|
*
|
Hub Group Inc. Class A
|
15,047
|
546
|
|
*
|
Atlas Air Worldwide Holdings Inc.
|
10,637
|
494
|
|
|
|
|
|
|
|
Forward Air Corp.
|
11,877
|
461
|
|
*
|
Air Transport Services Group Inc.
|
21,645
|
131
|
|
^,*
XPO Logistics Inc.
|
7,016
|
117
|
|
*
|
Echo Global Logistics Inc.
|
5,556
|
99
|
|
*
|
Pacer International Inc.
|
13,928
|
85
|
|
|
|
|
46,502
|
|
Airlines (2.5%)
|
|
|
|
*
|
Delta Air Lines Inc.
|
343,939
|
6,194
|
|
*
|
United Continental Holdings Inc.
|
134,344
|
4,361
|
|
|
Southwest Airlines Co.
|
294,062
|
4,167
|
|
*
|
Alaska Air Group Inc.
|
28,357
|
1,611
|
|
*
|
US Airways Group Inc.
|
65,681
|
1,154
|
|
*
|
Spirit Airlines Inc.
|
24,900
|
758
|
|
*
|
JetBlue Airways Corp.
|
97,796
|
607
|
|
|
Allegiant Travel Co. Class A
|
6,246
|
578
|
|
|
SkyWest Inc.
|
20,699
|
290
|
|
*
|
Republic Airways Holdings Inc.
|
19,770
|
212
|
|
*
|
Hawaiian Holdings Inc.
|
19,723
|
118
|
|
|
|
|
20,050
|
|
Building Products (1.8%)
|
|
|
|
|
Masco Corp.
|
145,365
|
3,056
|
|
|
Fortune Brands Home & Security Inc.
|
66,325
|
2,804
|
|
*
|
Owens Corning
|
45,323
|
1,981
|
|
|
AO Smith Corp.
|
31,926
|
1,251
|
|
|
Lennox International Inc.
|
19,284
|
1,234
|
|
*
|
USG Corp.
|
30,498
|
834
|
|
*
|
Armstrong World Industries Inc.
|
10,644
|
553
|
|
|
Simpson Manufacturing Co. Inc.
|
16,665
|
488
|
|
*
|
Trex Co. Inc.
|
6,198
|
344
|
|
|
Universal Forest Products Inc.
|
7,998
|
316
|
|
|
Apogee Enterprises Inc.
|
11,482
|
306
|
|
|
Quanex Building Products Corp.
|
14,887
|
276
|
|
*
|
Nortek Inc.
|
3,849
|
272
|
|
|
AAON Inc.
|
7,925
|
263
|
|
|
Griffon Corp.
|
20,805
|
240
|
|
*
|
Gibraltar Industries Inc.
|
11,642
|
189
|
|
*
|
American Woodmark Corp.
|
4,165
|
151
|
|
|
|
|
14,558
|
|
Commercial Services & Supplies (6.4%)
|
|
|
|
|
Waste Management Inc.
|
178,491
|
7,484
|
|
|
Tyco International Ltd.
|
188,214
|
6,364
|
|
|
Republic Services Inc. Class A
|
117,156
|
3,995
|
|
*
|
Stericycle Inc.
|
34,770
|
3,816
|
|
|
ADT Corp.
|
93,897
|
3,811
|
|
|
Iron Mountain Inc.
|
57,595
|
2,064
|
|
|
Cintas Corp.
|
42,323
|
1,932
|
|
|
Waste Connections Inc.
|
47,320
|
1,904
|
|
|
Avery Dennison Corp.
|
40,431
|
1,759
|
|
*
|
Copart Inc.
|
45,540
|
1,566
|
|
*
|
Clean Harbors Inc.
|
23,131
|
1,323
|
|
|
Pitney Bowes Inc.
|
81,149
|
1,191
|
|
|
Covanta Holding Corp.
|
47,907
|
980
|
|
|
RR Donnelley & Sons Co.
|
72,806
|
966
|
|
|
Deluxe Corp.
|
20,490
|
766
|
|
*
|
Tetra Tech Inc.
|
26,058
|
718
|
|
|
Rollins Inc.
|
26,595
|
672
|
|
|
|
|
|
HNI Corp.
|
18,211
|
670
|
|
Herman Miller Inc.
|
23,673
|
666
|
|
Mine Safety Appliances Co.
|
12,727
|
635
|
|
Healthcare Services Group Inc.
|
26,188
|
594
|
|
KAR Auction Services Inc.
|
24,773
|
581
|
|
UniFirst Corp.
|
6,109
|
580
|
|
United Stationers Inc.
|
15,475
|
534
|
|
* Mobile Mini Inc.
|
15,674
|
527
|
|
Brink's Co.
|
19,194
|
515
|
|
Steelcase Inc. Class A
|
34,302
|
475
|
|
ABM Industries Inc.
|
18,712
|
453
|
|
Interface Inc. Class A
|
26,726
|
449
|
|
G&K Services Inc. Class A
|
7,707
|
372
|
|
* ACCO Brands Corp.
|
45,535
|
326
|
|
McGrath RentCorp
|
9,520
|
314
|
|
Knoll Inc.
|
19,258
|
302
|
|
* Team Inc.
|
7,828
|
282
|
|
US Ecology Inc.
|
7,469
|
205
|
|
Quad/Graphics Inc.
|
8,758
|
204
|
|
Viad Corp.
|
8,250
|
203
|
|
Ennis Inc.
|
10,485
|
179
|
|
* Consolidated Graphics Inc.
|
3,482
|
163
|
|
Multi-Color Corp.
|
5,226
|
154
|
|
* InnerWorkings Inc.
|
13,184
|
143
|
|
* Standard Parking Corp.
|
6,084
|
136
|
|
* EnerNOC Inc.
|
9,692
|
130
|
|
* Performant Financial Corp.
|
11,586
|
128
|
|
Kimball International Inc. Class B
|
11,371
|
111
|
|
TMS International Corp. Class A
|
5,852
|
89
|
|
Schawk Inc. Class A
|
6,107
|
72
|
|
* Heritage-Crystal Clean Inc.
|
3,678
|
55
|
|
* Swisher Hygiene Inc.
|
44,802
|
47
|
|
|
|
51,605
|
|
Construction & Engineering (2.5%)
|
|
|
|
Fluor Corp.
|
65,633
|
4,149
|
|
* Jacobs Engineering Group Inc.
|
52,647
|
3,001
|
|
* Quanta Services Inc.
|
84,545
|
2,399
|
|
KBR Inc.
|
59,567
|
2,150
|
|
URS Corp.
|
31,069
|
1,505
|
|
* AECOM Technology Corp.
|
38,074
|
1,172
|
|
EMCOR Group Inc.
|
27,053
|
1,075
|
|
* Foster Wheeler AG
|
42,193
|
971
|
|
* MasTec Inc.
|
23,202
|
738
|
|
Granite Construction Inc.
|
14,788
|
456
|
|
* Aegion Corp. Class A
|
15,857
|
362
|
|
* Dycom Industries Inc.
|
13,122
|
299
|
|
Primoris Services Corp.
|
13,491
|
288
|
|
* Tutor Perini Corp.
|
15,366
|
285
|
|
Comfort Systems USA Inc.
|
14,936
|
206
|
|
Great Lakes Dredge & Dock Corp.
|
22,719
|
189
|
|
* MYR Group Inc.
|
8,248
|
167
|
|
* Layne Christensen Co.
|
7,225
|
155
|
|
* Orion Marine Group Inc.
|
11,178
|
134
|
|
Pike Electric Corp.
|
9,563
|
116
|
|
* Northwest Pipe Co.
|
3,873
|
106
|
|
* Furmanite Corp.
|
14,797
|
98
|
|
Michael Baker Corp.
|
3,540
|
93
|
|
|
|
|
|
* Sterling Construction Co. Inc.
|
6,193
|
64
|
|
* Ameresco Inc. Class A
|
6,860
|
57
|
|
|
|
20,235
|
|
Electrical Equipment (7.3%)
|
|
|
|
Emerson Electric Co.
|
291,629
|
16,757
|
|
Eaton Corp. plc
|
190,268
|
12,569
|
|
Rockwell Automation Inc.
|
56,464
|
4,970
|
|
Roper Industries Inc.
|
39,940
|
4,961
|
|
AMETEK Inc.
|
98,257
|
4,240
|
|
Hubbell Inc. Class B
|
21,041
|
2,113
|
|
* Sensata Technologies Holding NV
|
53,024
|
1,861
|
|
Babcock & Wilcox Co.
|
45,877
|
1,362
|
|
Acuity Brands Inc.
|
17,290
|
1,298
|
|
Regal-Beloit Corp.
|
17,257
|
1,165
|
|
* EnerSys Inc.
|
19,310
|
962
|
|
Belden Inc.
|
17,980
|
961
|
|
Generac Holdings Inc.
|
22,064
|
894
|
|
* General Cable Corp.
|
20,117
|
711
|
|
* Polypore International Inc.
|
18,793
|
707
|
|
Brady Corp. Class A
|
19,147
|
623
|
|
Franklin Electric Co. Inc.
|
16,102
|
544
|
|
AZZ Inc.
|
10,166
|
422
|
|
* GrafTech International Ltd.
|
49,073
|
412
|
|
* II-VI Inc.
|
21,565
|
358
|
|
* SolarCity Corp.
|
6,078
|
275
|
|
Encore Wire Corp.
|
7,929
|
274
|
|
* Thermon Group Holdings Inc.
|
10,691
|
211
|
|
* Powell Industries Inc.
|
3,811
|
180
|
|
* Capstone Turbine Corp.
|
124,915
|
145
|
|
Global Power Equipment Group Inc.
|
6,896
|
110
|
|
Preformed Line Products Co.
|
946
|
66
|
|
* Vicor Corp.
|
7,315
|
40
|
|
|
|
59,191
|
|
Industrial Conglomerates (17.8%)
|
|
|
|
General Electric Co.
|
4,188,592
|
97,678
|
|
3M Co.
|
264,738
|
29,193
|
|
Danaher Corp.
|
236,959
|
14,649
|
|
Carlisle Cos. Inc.
|
25,519
|
1,669
|
|
Raven Industries Inc.
|
14,669
|
444
|
|
|
|
143,633
|
|
Machinery (19.5%)
|
|
|
|
Caterpillar Inc.
|
264,560
|
22,699
|
|
Deere & Co.
|
149,466
|
13,020
|
|
Illinois Tool Works Inc.
|
173,209
|
12,147
|
|
Cummins Inc.
|
72,891
|
8,720
|
|
PACCAR Inc.
|
142,759
|
7,652
|
|
Ingersoll-Rand plc
|
119,676
|
6,885
|
|
Parker Hannifin Corp.
|
60,206
|
6,006
|
|
Dover Corp.
|
70,549
|
5,520
|
|
Stanley Black & Decker Inc.
|
61,485
|
4,871
|
|
Pentair Ltd.
|
82,734
|
4,818
|
|
Flowserve Corp.
|
19,435
|
3,268
|
|
Pall Corp.
|
44,867
|
3,060
|
|
Joy Global Inc.
|
42,895
|
2,320
|
|
AGCO Corp.
|
39,194
|
2,174
|
|
Snap-on Inc.
|
23,503
|
2,141
|
|
|
|
|
|
Wabtec Corp.
|
19,324
|
2,126
|
|
Xylem Inc.
|
75,186
|
2,116
|
|
Donaldson Co. Inc.
|
56,268
|
2,111
|
|
* WABCO Holdings Inc.
|
25,505
|
1,924
|
|
Lincoln Electric Holdings Inc.
|
31,871
|
1,906
|
|
Timken Co.
|
32,891
|
1,867
|
|
IDEX Corp.
|
33,372
|
1,837
|
|
Nordson Corp.
|
23,408
|
1,667
|
|
* Terex Corp.
|
44,653
|
1,602
|
|
Graco Inc.
|
24,613
|
1,586
|
|
Valmont Industries Inc.
|
9,682
|
1,475
|
|
* Colfax Corp.
|
28,541
|
1,424
|
|
Gardner Denver Inc.
|
18,856
|
1,424
|
|
SPX Corp.
|
17,078
|
1,348
|
|
Kennametal Inc.
|
30,395
|
1,317
|
|
Trinity Industries Inc.
|
31,954
|
1,308
|
|
* Oshkosh Corp.
|
31,756
|
1,264
|
|
* Middleby Corp.
|
7,575
|
1,238
|
|
* Chart Industries Inc.
|
12,137
|
1,181
|
|
Toro Co.
|
23,748
|
1,132
|
|
ITT Corp.
|
37,278
|
1,124
|
|
Crane Co.
|
18,529
|
1,107
|
|
CLARCOR Inc.
|
20,249
|
1,098
|
|
Manitowoc Co. Inc.
|
50,906
|
1,070
|
|
Woodward Inc.
|
24,902
|
975
|
|
Actuant Corp. Class A
|
27,899
|
949
|
|
* Navistar International Corp.
|
22,633
|
812
|
|
Harsco Corp.
|
32,506
|
760
|
|
Mueller Industries Inc.
|
11,308
|
616
|
|
Barnes Group Inc.
|
18,643
|
563
|
|
Watts Water Technologies Inc. Class A
|
10,997
|
523
|
|
Mueller Water Products Inc. Class A
|
63,253
|
481
|
|
* Trimas Corp.
|
14,224
|
459
|
|
* RBC Bearings Inc.
|
9,273
|
454
|
|
Titan International Inc.
|
19,448
|
454
|
|
Briggs & Stratton Corp.
|
19,254
|
451
|
|
Lindsay Corp.
|
5,187
|
421
|
|
* EnPro Industries Inc.
|
8,362
|
421
|
|
Kaydon Corp.
|
12,977
|
351
|
|
Tennant Co.
|
7,090
|
350
|
|
ESCO Technologies Inc.
|
10,772
|
346
|
|
Albany International Corp.
|
10,818
|
343
|
|
* Proto Labs Inc.
|
5,878
|
325
|
|
CIRCOR International Inc.
|
6,287
|
321
|
|
Altra Holdings Inc.
|
10,808
|
311
|
|
* Wabash National Corp.
|
27,412
|
288
|
|
* Meritor Inc.
|
39,294
|
284
|
|
Sun Hydraulics Corp.
|
8,479
|
275
|
|
Astec Industries Inc.
|
7,761
|
274
|
|
* Rexnord Corp.
|
13,722
|
274
|
|
Standex International Corp.
|
5,157
|
269
|
|
* Blount International Inc.
|
19,824
|
266
|
|
John Bean Technologies Corp.
|
11,632
|
251
|
|
* Greenbrier Cos. Inc.
|
10,485
|
246
|
|
Hyster-Yale Materials Handling Inc.
|
3,753
|
232
|
|
* Federal Signal Corp.
|
25,414
|
223
|
|
Gorman-Rupp Co.
|
6,361
|
186
|
|
|
|
|
|
LB Foster Co. Class A
|
3,945
|
175
|
|
* Columbus McKinnon Corp.
|
7,394
|
156
|
|
Kadant Inc.
|
4,541
|
136
|
|
American Railcar Industries Inc.
|
3,826
|
130
|
|
Douglas Dynamics Inc.
|
8,775
|
123
|
|
Alamo Group Inc.
|
2,847
|
121
|
|
FreightCar America Inc.
|
4,917
|
89
|
|
* Accuride Corp.
|
17,225
|
88
|
|
Dynamic Materials Corp.
|
5,339
|
86
|
|
Twin Disc Inc.
|
3,387
|
84
|
|
* Commercial Vehicle Group Inc.
|
10,067
|
79
|
|
Ampco-Pittsburgh Corp.
|
3,082
|
57
|
|
|
|
156,631
|
|
Marine (0.3%)
|
|
|
|
* Kirby Corp.
|
20,617
|
1,610
|
|
Matson Inc.
|
17,083
|
430
|
|
|
|
2,040
|
|
Professional Services (3.3%)
|
|
|
|
* Verisk Analytics Inc. Class A
|
61,119
|
3,595
|
|
Nielsen Holdings NV
|
90,989
|
3,085
|
|
Equifax Inc.
|
48,648
|
2,963
|
|
* IHS Inc. Class A
|
23,905
|
2,513
|
|
Towers Watson & Co. Class A
|
27,733
|
2,154
|
|
Robert Half International Inc.
|
56,362
|
1,959
|
|
Manpowergroup Inc.
|
31,043
|
1,778
|
|
Dun & Bradstreet Corp.
|
16,508
|
1,620
|
|
Corporate Executive Board Co.
|
13,542
|
829
|
|
* Advisory Board Co.
|
14,180
|
749
|
|
* FTI Consulting Inc.
|
16,694
|
634
|
|
Acacia Research Corp.
|
20,162
|
504
|
|
* On Assignment Inc.
|
17,970
|
468
|
|
* Huron Consulting Group Inc.
|
9,277
|
415
|
|
* TrueBlue Inc.
|
16,402
|
386
|
|
* Korn/Ferry International
|
19,540
|
342
|
|
Exponent Inc.
|
5,347
|
299
|
|
* WageWorks Inc.
|
9,688
|
281
|
|
* Navigant Consulting Inc.
|
20,690
|
273
|
|
Insperity Inc.
|
8,887
|
268
|
|
* ICF International Inc.
|
7,964
|
240
|
|
Kelly Services Inc. Class A
|
11,645
|
206
|
|
* GP Strategies Corp.
|
7,698
|
192
|
|
Resources Connection Inc.
|
16,943
|
186
|
|
* RPX Corp.
|
11,297
|
173
|
|
Kforce Inc.
|
11,612
|
173
|
|
* Mistras Group Inc.
|
6,905
|
148
|
|
* CBIZ Inc.
|
17,078
|
114
|
|
* Pendrell Corp.
|
41,133
|
102
|
|
Heidrick & Struggles International Inc.
|
6,420
|
92
|
|
CDI Corp.
|
5,515
|
75
|
|
* CRA International Inc.
|
4,172
|
75
|
|
|
|
26,891
|
|
Road & Rail (9.0%)
|
|
|
|
Union Pacific Corp.
|
189,539
|
29,306
|
|
CSX Corp.
|
412,277
|
10,393
|
|
Norfolk Southern Corp.
|
127,026
|
9,729
|
|
Kansas City Southern
|
44,490
|
4,925
|
|
|
|
|
|
|
|
*
|
Hertz Global Holdings Inc.
|
|
161,561
|
4,173
|
|
|
JB Hunt Transport Services Inc.
|
|
37,980
|
2,798
|
|
*
|
Genesee & Wyoming Inc. Class A
|
|
18,688
|
1,664
|
|
*
|
Avis Budget Group Inc.
|
|
43,324
|
1,437
|
|
|
Ryder System Inc.
|
|
20,791
|
1,311
|
|
*
|
Old Dominion Freight Line Inc.
|
|
26,130
|
1,125
|
|
|
Landstar System Inc.
|
|
18,754
|
990
|
|
|
Con-way Inc.
|
|
22,575
|
858
|
|
*
|
Swift Transportation Co.
|
|
33,447
|
563
|
|
|
AMERCO
|
|
3,154
|
544
|
|
|
Werner Enterprises Inc.
|
|
17,640
|
442
|
|
|
Knight Transportation Inc.
|
|
24,071
|
413
|
|
*
|
Saia Inc.
|
|
6,528
|
312
|
|
|
Heartland Express Inc.
|
|
18,830
|
270
|
|
*
|
Roadrunner Transportation Systems Inc.
|
|
6,958
|
193
|
|
|
Arkansas Best Corp.
|
|
9,926
|
189
|
|
|
Celadon Group Inc.
|
|
8,727
|
170
|
|
|
Marten Transport Ltd.
|
|
6,589
|
158
|
|
*
|
Quality Distribution Inc.
|
|
8,971
|
82
|
|
*
|
Patriot Transportation Holding Inc.
|
|
2,408
|
70
|
|
|
|
|
|
72,115
|
|
Trading Companies & Distributors (3.1%)
|
|
|
|
|
|
WW Grainger Inc.
|
|
23,868
|
6,145
|
|
|
Fastenal Co.
|
|
113,814
|
5,939
|
|
*
|
United Rentals Inc.
|
|
37,566
|
2,135
|
|
|
MSC Industrial Direct Co. Inc. Class A
|
|
19,528
|
1,614
|
|
*
|
WESCO International Inc.
|
|
17,807
|
1,322
|
|
|
Air Lease Corp. Class A
|
|
34,119
|
955
|
|
|
Watsco Inc.
|
|
10,283
|
897
|
|
|
GATX Corp.
|
|
17,951
|
896
|
|
*
|
MRC Global Inc.
|
|
28,621
|
813
|
|
*
|
Beacon Roofing Supply Inc.
|
|
19,571
|
807
|
|
|
Applied Industrial Technologies Inc.
|
|
15,276
|
734
|
|
|
TAL International Group Inc.
|
|
13,685
|
578
|
|
|
Aircastle Ltd.
|
|
28,136
|
445
|
|
|
Kaman Corp.
|
|
9,580
|
325
|
|
*
|
Rush Enterprises Inc. Class A
|
|
11,335
|
291
|
|
|
H&E Equipment Services Inc.
|
|
12,138
|
272
|
|
*
|
DXP Enterprises Inc.
|
|
4,064
|
240
|
|
*
|
CAI International Inc.
|
|
6,586
|
169
|
|
*
|
Titan Machinery Inc.
|
|
7,241
|
149
|
|
|
Houston Wire & Cable Co.
|
|
6,712
|
94
|
|
*
|
Edgen Group Inc.
|
|
6,193
|
41
|
|
|
|
|
|
24,861
|
|
Transportation Infrastructure (0.2%)
|
|
|
|
|
|
Macquarie Infrastructure Co. LLC
|
|
19,847
|
1,081
|
|
*
|
Wesco Aircraft Holdings Inc.
|
|
22,709
|
399
|
|
|
|
|
|
1,480
|
|
Total Common Stocks (Cost $714,613)
|
|
|
805,162
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.0%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $22)
|
0.136%
|
21,000
|
22
|
|
Total Investments (100.0%) (Cost $714,635)
|
|
|
805,184
|
|
Other Assets and Liabilities-Net (0.0%)2
|
|
|
(92)
|
|
Net Assets (100%)
|
|
|
805,092
|
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $22,000.
* Non-income-producing security.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Includes $22,000 of collateral received for securities on loan.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $714,635,000. Net unrealized appreciation of investment securities for tax purposes was $90,549,000, consisting of unrealized gains of $117,900,000 on securities that had risen in value since their purchase and $27,351,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Information Technology Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.1%)
|
|
|
|
Media (0.1%)
|
|
|
|
*
|
Pandora Media Inc.
|
112,488
|
1,915
|
|
|
|
Communications Equipment (9.7%)
|
|
|
|
|
Cisco Systems Inc.
|
5,445,238
|
131,121
|
|
|
QUALCOMM Inc.
|
1,754,617
|
111,383
|
|
|
Motorola Solutions Inc.
|
253,246
|
14,678
|
|
*
|
Juniper Networks Inc.
|
519,549
|
9,212
|
|
*
|
F5 Networks Inc.
|
80,063
|
6,662
|
|
|
Harris Corp.
|
115,095
|
5,770
|
|
*
|
JDS Uniphase Corp.
|
239,720
|
3,265
|
|
*
|
ViaSat Inc.
|
42,952
|
3,009
|
|
*
|
Brocade Communications Systems Inc.
|
445,576
|
2,420
|
|
*
|
Riverbed Technology Inc.
|
156,385
|
2,418
|
|
*
|
Polycom Inc.
|
180,186
|
2,042
|
|
|
Plantronics Inc.
|
43,646
|
2,016
|
|
*
|
ARRIS Group Inc.
|
127,597
|
1,931
|
|
|
InterDigital Inc.
|
41,910
|
1,927
|
|
*
|
Ciena Corp.
|
102,298
|
1,712
|
|
*
|
Aruba Networks Inc.
|
108,938
|
1,628
|
|
*
|
EchoStar Corp. Class A
|
40,923
|
1,625
|
|
|
ADTRAN Inc.
|
60,851
|
1,407
|
|
*
|
NETGEAR Inc.
|
39,021
|
1,299
|
|
*
|
Finisar Corp.
|
95,057
|
1,245
|
|
*
|
Infinera Corp.
|
118,216
|
1,245
|
|
*
|
Palo Alto Networks Inc.
|
21,094
|
1,024
|
|
*
|
Ixia
|
49,200
|
773
|
|
|
Tellabs Inc.
|
357,803
|
741
|
|
*
|
Harmonic Inc.
|
119,016
|
726
|
|
*
|
Sonus Networks Inc.
|
214,207
|
688
|
|
*
|
Emulex Corp.
|
91,221
|
568
|
|
|
Comtech Telecommunications Corp.
|
17,681
|
467
|
|
|
Black Box Corp.
|
16,740
|
450
|
|
*
|
Calix Inc.
|
35,299
|
370
|
|
*
|
Oplink Communications Inc.
|
18,065
|
307
|
|
*
|
Procera Networks Inc.
|
20,276
|
299
|
|
*
|
Extreme Networks
|
82,650
|
294
|
|
*
|
Globecomm Systems Inc.
|
21,365
|
274
|
|
*
|
Digi International Inc.
|
26,589
|
255
|
|
*
|
Anaren Inc.
|
9,976
|
240
|
|
*
|
ShoreTel Inc.
|
54,811
|
221
|
|
*
|
Symmetricom Inc.
|
42,557
|
210
|
|
|
Bel Fuse Inc. Class B
|
9,156
|
146
|
|
*
|
Mitel Networks Corp.
|
22,338
|
80
|
|
*
|
Aviat Networks Inc.
|
147
|
—
|
|
^,*
Oclaro Inc.
|
185
|
—
|
|
|
|
|
316,148
|
|
Computers & Peripherals (19.3%)
|
|
|
|
|
Apple Inc.
|
958,995
|
431,241
|
|
|
|
|
|
* EMC Corp.
|
2,151,869
|
53,280
|
|
Hewlett-Packard Co.
|
1,994,358
|
48,702
|
|
Dell Inc.
|
1,507,207
|
20,121
|
|
* SanDisk Corp.
|
246,633
|
14,556
|
|
Seagate Technology plc
|
329,416
|
14,191
|
|
Western Digital Corp.
|
220,885
|
13,986
|
|
* NetApp Inc.
|
368,149
|
13,817
|
|
* NCR Corp.
|
167,072
|
5,580
|
|
* 3D Systems Corp.
|
97,031
|
4,708
|
|
Diebold Inc.
|
61,600
|
1,984
|
|
Lexmark International Inc. Class A
|
64,413
|
1,965
|
|
* Synaptics Inc.
|
33,622
|
1,387
|
|
* Electronics for Imaging Inc.
|
47,598
|
1,328
|
|
* Fusion-io Inc.
|
73,850
|
1,069
|
|
* QLogic Corp.
|
95,422
|
929
|
|
* Cray Inc.
|
38,247
|
697
|
|
* Silicon Graphics International Corp.
|
29,884
|
451
|
|
* Intermec Inc.
|
43,159
|
426
|
|
* Quantum Corp.
|
246,631
|
382
|
|
* Super Micro Computer Inc.
|
32,001
|
330
|
|
* Avid Technology Inc.
|
29,332
|
187
|
|
* STEC Inc.
|
38,862
|
138
|
|
* Imation Corp.
|
30,596
|
126
|
|
* Intevac Inc.
|
56
|
—
|
|
|
|
631,581
|
|
Electronic Equipment, Instruments & Components (4.1%)
|
|
|
|
Corning Inc.
|
1,501,745
|
23,082
|
|
TE Connectivity Ltd.
|
428,571
|
19,024
|
|
Amphenol Corp. Class A
|
162,837
|
12,685
|
|
* Trimble Navigation Ltd.
|
260,470
|
7,267
|
|
* Flextronics International Ltd.
|
668,891
|
4,990
|
|
* Avnet Inc.
|
140,831
|
4,811
|
|
* Arrow Electronics Inc.
|
108,456
|
4,312
|
|
Jabil Circuit Inc.
|
185,530
|
3,722
|
|
FLIR Systems Inc.
|
147,865
|
3,602
|
|
* Ingram Micro Inc.
|
154,159
|
2,946
|
|
National Instruments Corp.
|
100,704
|
2,860
|
|
FEI Co.
|
39,323
|
2,832
|
|
* Anixter International Inc.
|
28,184
|
2,163
|
|
IPG Photonics Corp.
|
34,044
|
2,019
|
|
Molex Inc.
|
68,632
|
2,014
|
|
* Vishay Intertechnology Inc.
|
134,455
|
1,958
|
|
Molex Inc. Class A
|
79,372
|
1,949
|
|
* Tech Data Corp.
|
38,789
|
1,944
|
|
Cognex Corp.
|
41,947
|
1,885
|
|
Littelfuse Inc.
|
24,040
|
1,767
|
|
* Itron Inc.
|
40,320
|
1,693
|
|
Dolby Laboratories Inc. Class A
|
47,126
|
1,649
|
|
Coherent Inc.
|
24,623
|
1,413
|
|
* Universal Display Corp.
|
40,043
|
1,193
|
|
* SYNNEX Corp.
|
28,575
|
1,159
|
|
* Sanmina Corp.
|
83,522
|
1,134
|
|
* OSI Systems Inc.
|
19,531
|
1,130
|
|
* Benchmark Electronics Inc.
|
56,711
|
1,106
|
|
* Plexus Corp.
|
35,794
|
1,044
|
|
MTS Systems Corp.
|
16,012
|
967
|
|
* ScanSource Inc.
|
28,271
|
903
|
|
|
|
|
|
|
*
|
Insight Enterprises Inc.
|
45,468
|
875
|
|
*
|
Rogers Corp.
|
17,056
|
789
|
|
*
|
Rofin-Sinar Technologies Inc.
|
28,680
|
767
|
|
*
|
RealD Inc.
|
45,757
|
690
|
|
*
|
Power-One Inc.
|
104,927
|
664
|
|
*
|
Measurement Specialties Inc.
|
14,810
|
658
|
|
*
|
FARO Technologies Inc.
|
17,522
|
656
|
|
|
AVX Corp.
|
51,861
|
621
|
|
|
Badger Meter Inc.
|
13,875
|
618
|
|
|
Methode Electronics Inc.
|
37,989
|
598
|
|
*
|
Checkpoint Systems Inc.
|
39,176
|
535
|
|
*
|
Newport Corp.
|
39,170
|
516
|
|
*
|
InvenSense Inc.
|
38,671
|
498
|
|
|
Park Electrochemical Corp.
|
20,161
|
487
|
|
*
|
TTM Technologies Inc.
|
54,001
|
436
|
|
|
Daktronics Inc.
|
38,694
|
397
|
|
*
|
Fabrinet
|
26,587
|
386
|
|
|
CTS Corp.
|
31,554
|
379
|
|
*
|
DTS Inc.
|
18,978
|
375
|
|
|
Electro Scientific Industries Inc.
|
30,445
|
346
|
|
|
Electro Rent Corp.
|
18,507
|
315
|
|
*
|
Mercury Systems Inc.
|
32,680
|
286
|
|
*
|
GSI Group Inc.
|
27,840
|
227
|
|
*
|
Kemet Corp.
|
45,345
|
208
|
|
*
|
Maxwell Technologies Inc.
|
28,647
|
207
|
|
*
|
Zygo Corp.
|
12,246
|
195
|
|
*
|
Agilysys Inc.
|
16,358
|
187
|
|
*
|
Uni-Pixel Inc.
|
11,194
|
170
|
|
*
|
Multi-Fineline Electronix Inc.
|
9,571
|
152
|
|
*
|
Aeroflex Holding Corp.
|
18,079
|
143
|
|
*
|
Audience Inc.
|
9,573
|
134
|
|
*
|
Echelon Corp.
|
82
|
—
|
|
|
|
|
134,738
|
|
Internet Software & Services (14.0%)
|
|
|
|
*
|
Google Inc. Class A
|
273,174
|
237,773
|
|
*
|
eBay Inc.
|
1,191,667
|
64,469
|
|
*
|
Facebook Inc. Class A
|
1,634,068
|
39,790
|
|
*
|
Yahoo! Inc.
|
1,012,642
|
26,632
|
|
*
|
LinkedIn Corp. Class A
|
91,332
|
15,301
|
|
*
|
Equinix Inc.
|
49,828
|
10,097
|
|
*
|
Akamai Technologies Inc.
|
181,900
|
8,389
|
|
*
|
VeriSign Inc.
|
155,583
|
7,319
|
|
*
|
Rackspace Hosting Inc.
|
119,688
|
4,492
|
|
|
MercadoLibre Inc.
|
33,992
|
3,896
|
|
|
IAC/InterActiveCorp
|
80,027
|
3,880
|
|
*
|
CoStar Group Inc.
|
28,981
|
3,240
|
|
|
AOL Inc.
|
78,690
|
2,727
|
|
*
|
ValueClick Inc.
|
73,437
|
1,934
|
|
|
j2 Global Inc.
|
39,813
|
1,628
|
|
*
|
OpenTable Inc.
|
22,259
|
1,485
|
|
*
|
Cornerstone OnDemand Inc.
|
36,353
|
1,477
|
|
^,*
VistaPrint NV
|
30,965
|
1,423
|
|
*
|
Dealertrack Technologies Inc.
|
43,731
|
1,410
|
|
*
|
Zillow Inc. Class A
|
20,274
|
1,138
|
|
*
|
WebMD Health Corp.
|
35,634
|
1,052
|
|
|
NIC Inc.
|
62,727
|
1,049
|
|
*
|
Liquidity Services Inc.
|
25,815
|
1,033
|
|
|
|
|
|
|
*
|
Web.com Group Inc.
|
40,030
|
840
|
|
*
|
SPS Commerce Inc.
|
15,073
|
813
|
|
*
|
ExactTarget Inc.
|
34,984
|
805
|
|
*
|
Angie's List Inc.
|
32,558
|
764
|
|
*
|
Yelp Inc.
|
25,187
|
751
|
|
*
|
Trulia Inc.
|
23,905
|
735
|
|
*
|
Blucora Inc.
|
39,888
|
728
|
|
*
|
Monster Worldwide Inc.
|
119,173
|
659
|
|
*
|
comScore Inc.
|
32,673
|
646
|
|
|
EarthLink Inc.
|
106,051
|
629
|
|
*
|
Bankrate Inc.
|
40,762
|
583
|
|
|
United Online Inc.
|
84,481
|
575
|
|
*
|
Digital River Inc.
|
32,358
|
565
|
|
*
|
LogMeIn Inc.
|
21,926
|
558
|
|
*
|
Stamps.com Inc.
|
14,443
|
551
|
|
*
|
Envestnet Inc.
|
21,526
|
495
|
|
*
|
LivePerson Inc.
|
51,785
|
478
|
|
*
|
Constant Contact Inc.
|
31,848
|
475
|
|
*
|
SciQuest Inc.
|
19,329
|
444
|
|
*
|
Perficient Inc.
|
32,798
|
413
|
|
*
|
Dice Holdings Inc.
|
45,738
|
413
|
|
*
|
Internap Network Services Corp.
|
48,813
|
390
|
|
*
|
Move Inc.
|
33,854
|
386
|
|
*
|
Demandware Inc.
|
12,066
|
369
|
|
*
|
Responsys Inc.
|
37,302
|
365
|
|
*
|
Bazaarvoice Inc.
|
39,368
|
295
|
|
*
|
Active Network Inc.
|
40,798
|
273
|
|
*
|
XO Group Inc.
|
25,433
|
263
|
|
*
|
Demand Media Inc.
|
30,356
|
260
|
|
*
|
IntraLinks Holdings Inc.
|
39,514
|
243
|
|
*
|
QuinStreet Inc.
|
30,111
|
233
|
|
*
|
Travelzoo Inc.
|
8,087
|
232
|
|
*
|
Millennial Media Inc.
|
27,973
|
221
|
|
|
Keynote Systems Inc.
|
16,183
|
204
|
|
*
|
Brightcove Inc.
|
24,116
|
180
|
|
*
|
Vocus Inc.
|
20,098
|
176
|
|
*
|
RealNetworks Inc.
|
23,099
|
168
|
|
*
|
Limelight Networks Inc.
|
66,453
|
158
|
|
|
Marchex Inc. Class B
|
25,684
|
149
|
|
*
|
E2open Inc.
|
8,926
|
130
|
|
*
|
Carbonite Inc.
|
7,646
|
81
|
|
*
|
TechTarget Inc.
|
15,728
|
70
|
|
|
|
|
459,400
|
|
IT Services (19.5%)
|
|
|
|
|
International Business Machines Corp.
|
1,081,298
|
224,932
|
|
|
Visa Inc. Class A
|
540,723
|
96,324
|
|
|
Mastercard Inc. Class A
|
108,431
|
61,833
|
|
|
Accenture plc Class A
|
658,058
|
54,033
|
|
|
Automatic Data Processing Inc.
|
495,432
|
34,046
|
|
*
|
Cognizant Technology Solutions Corp. Class A
|
308,322
|
19,933
|
|
|
Fidelity National Information Services Inc.
|
300,280
|
13,483
|
|
|
Paychex Inc.
|
333,826
|
12,428
|
|
*
|
Fiserv Inc.
|
136,114
|
11,864
|
|
|
Western Union Co.
|
580,126
|
9,502
|
|
*
|
Teradata Corp.
|
169,015
|
9,423
|
|
*
|
Alliance Data Systems Corp.
|
50,841
|
9,003
|
|
|
Computer Sciences Corp.
|
156,508
|
6,982
|
|
|
|
|
|
* FleetCor Technologies Inc.
|
66,161
|
5,761
|
|
* Gartner Inc.
|
95,930
|
5,431
|
|
SAIC Inc.
|
296,359
|
4,297
|
|
Total System Services Inc.
|
171,326
|
4,028
|
|
Jack Henry & Associates Inc.
|
83,672
|
3,927
|
|
Global Payments Inc.
|
80,706
|
3,871
|
|
Broadridge Financial Solutions Inc.
|
125,063
|
3,394
|
|
* NeuStar Inc. Class A
|
67,842
|
3,288
|
|
Lender Processing Services Inc.
|
86,929
|
2,876
|
|
* WEX Inc.
|
37,709
|
2,786
|
|
MAXIMUS Inc.
|
34,963
|
2,609
|
|
* VeriFone Systems Inc.
|
110,726
|
2,583
|
|
* CoreLogic Inc./United States
|
89,847
|
2,354
|
|
* Vantiv Inc. Class A
|
85,595
|
2,278
|
|
DST Systems Inc.
|
31,562
|
2,152
|
|
Convergys Corp.
|
108,297
|
1,968
|
|
* Acxiom Corp.
|
76,654
|
1,686
|
|
* Sapient Corp.
|
112,722
|
1,452
|
|
* Euronet Worldwide Inc.
|
46,854
|
1,429
|
|
* CACI International Inc. Class A
|
22,192
|
1,423
|
|
* Cardtronics Inc.
|
45,785
|
1,306
|
|
Heartland Payment Systems Inc.
|
38,328
|
1,229
|
|
Syntel Inc.
|
17,266
|
1,103
|
|
* Unisys Corp.
|
45,114
|
932
|
|
* ExlService Holdings Inc.
|
31,266
|
917
|
|
* CSG Systems International Inc.
|
34,684
|
750
|
|
Booz Allen Hamilton Holding Corp.
|
41,521
|
724
|
|
ManTech International Corp. Class A
|
24,198
|
655
|
|
* Sykes Enterprises Inc.
|
40,489
|
640
|
|
* TeleTech Holdings Inc.
|
24,576
|
553
|
|
* iGATE Corp.
|
32,152
|
467
|
|
* MoneyGram International Inc.
|
23,656
|
466
|
|
* Virtusa Corp.
|
19,583
|
459
|
|
Cass Information Systems Inc.
|
10,117
|
454
|
|
* Global Cash Access Holdings Inc.
|
63,828
|
421
|
|
Forrester Research Inc.
|
11,345
|
411
|
|
* ServiceSource International Inc.
|
50,170
|
409
|
|
Computer Task Group Inc.
|
15,150
|
338
|
|
* EPAM Systems Inc.
|
13,780
|
319
|
|
* Higher One Holdings Inc.
|
26,432
|
288
|
|
* CIBER Inc.
|
70,254
|
287
|
|
* ModusLink Global Solutions Inc.
|
94
|
—
|
|
|
|
636,507
|
|
Office Electronics (0.4%)
|
|
|
|
Xerox Corp.
|
1,185,990
|
10,425
|
|
* Zebra Technologies Corp.
|
52,266
|
2,386
|
|
|
|
12,811
|
|
Semiconductors & Semiconductor Equipment (12.3%)
|
|
|
|
Intel Corp.
|
5,051,166
|
122,642
|
|
Texas Instruments Inc.
|
1,128,391
|
40,498
|
|
Broadcom Corp. Class A
|
528,344
|
18,973
|
|
Applied Materials Inc.
|
1,224,046
|
18,605
|
|
Analog Devices Inc.
|
312,112
|
14,335
|
|
* Micron Technology Inc.
|
1,042,871
|
12,181
|
|
Xilinx Inc.
|
267,482
|
10,873
|
|
Altera Corp.
|
326,034
|
10,821
|
|
|
|
|
|
KLA-Tencor Corp.
|
169,375
|
9,534
|
|
Avago Technologies Ltd. Class A
|
251,636
|
9,489
|
|
NVIDIA Corp.
|
637,223
|
9,233
|
|
Linear Technology Corp.
|
237,303
|
8,899
|
|
Maxim Integrated Products Inc.
|
298,918
|
8,815
|
|
* Lam Research Corp.
|
165,598
|
7,747
|
|
* Cree Inc.
|
118,968
|
7,418
|
|
Microchip Technology Inc.
|
199,319
|
7,271
|
|
Marvell Technology Group Ltd.
|
466,437
|
5,056
|
|
* Skyworks Solutions Inc.
|
195,789
|
4,671
|
|
* LSI Corp.
|
566,355
|
4,191
|
|
* ON Semiconductor Corp.
|
458,812
|
3,927
|
|
* Atmel Corp.
|
449,995
|
3,541
|
|
* Teradyne Inc.
|
192,772
|
3,458
|
|
* First Solar Inc.
|
62,608
|
3,405
|
|
* Advanced Micro Devices Inc.
|
621,211
|
2,485
|
|
* Semtech Corp.
|
67,649
|
2,472
|
|
* Microsemi Corp.
|
92,622
|
2,031
|
|
* Fairchild Semiconductor International Inc. Class A
|
129,907
|
1,885
|
|
* MEMC Electronic Materials Inc.
|
224,128
|
1,809
|
|
* Hittite Microwave Corp.
|
32,239
|
1,750
|
|
* Silicon Laboratories Inc.
|
40,717
|
1,749
|
|
* Veeco Instruments Inc.
|
40,319
|
1,709
|
|
* Cavium Inc.
|
51,604
|
1,691
|
|
Cypress Semiconductor Corp.
|
142,811
|
1,605
|
|
* RF Micro Devices Inc.
|
286,746
|
1,583
|
|
ASML Holding NV
|
19,395
|
1,576
|
|
* International Rectifier Corp.
|
71,065
|
1,562
|
|
MKS Instruments Inc.
|
54,154
|
1,524
|
|
* Entegris Inc.
|
140,853
|
1,468
|
|
* Integrated Device Technology Inc.
|
148,466
|
1,265
|
|
Power Integrations Inc.
|
29,538
|
1,261
|
|
* PMC - Sierra Inc.
|
205,618
|
1,236
|
|
* Cirrus Logic Inc.
|
66,902
|
1,221
|
|
* TriQuint Semiconductor Inc.
|
169,863
|
1,196
|
|
Tessera Technologies Inc.
|
53,234
|
1,105
|
|
Intersil Corp. Class A
|
130,650
|
1,071
|
|
* Freescale Semiconductor Ltd.
|
64,233
|
1,023
|
|
* Ultratech Inc.
|
27,766
|
1,012
|
|
* OmniVision Technologies Inc.
|
54,677
|
1,010
|
|
* Kulicke & Soffa Industries Inc.
|
76,692
|
951
|
|
* Diodes Inc.
|
37,491
|
885
|
|
* Rambus Inc.
|
108,688
|
856
|
|
* Cabot Microelectronics Corp.
|
23,591
|
843
|
|
* Spansion Inc. Class A
|
61,355
|
841
|
|
* SunPower Corp. Class A
|
42,953
|
829
|
|
Monolithic Power Systems Inc.
|
32,672
|
803
|
|
* ATMI Inc.
|
32,677
|
780
|
|
Brooks Automation Inc.
|
67,660
|
721
|
|
* Advanced Energy Industries Inc.
|
37,134
|
683
|
|
* Lattice Semiconductor Corp.
|
119,813
|
617
|
|
* GT Advanced Technologies Inc.
|
123,253
|
548
|
|
* Magnachip Semiconductor Corp.
|
29,489
|
546
|
|
* Silicon Image Inc.
|
85,506
|
521
|
|
* Applied Micro Circuits Corp.
|
67,410
|
520
|
|
Micrel Inc.
|
50,129
|
499
|
|
* Photronics Inc.
|
61,304
|
468
|
|
|
|
|
|
|
*
|
Exar Corp.
|
39,583
|
446
|
|
*
|
Rudolph Technologies Inc.
|
32,839
|
403
|
|
*
|
Ceva Inc.
|
22,958
|
385
|
|
*
|
Entropic Communications Inc.
|
87,589
|
375
|
|
*
|
Volterra Semiconductor Corp.
|
25,365
|
357
|
|
*
|
FormFactor Inc.
|
55,172
|
325
|
|
*
|
Nanometrics Inc.
|
22,427
|
324
|
|
*
|
Amkor Technology Inc.
|
70,112
|
318
|
|
*
|
Integrated Silicon Solution Inc.
|
28,475
|
308
|
|
|
IXYS Corp.
|
26,312
|
300
|
|
*
|
LTX-Credence Corp.
|
48,169
|
273
|
|
|
Cohu Inc.
|
23,760
|
263
|
|
*
|
NVE Corp.
|
5,024
|
260
|
|
*
|
Kopin Corp.
|
66,425
|
236
|
|
|
Supertex Inc.
|
10,379
|
230
|
|
*
|
Ambarella Inc.
|
13,756
|
222
|
|
*
|
Inphi Corp.
|
18,933
|
193
|
|
*
|
Peregrine Semiconductor Corp.
|
17,832
|
193
|
|
*
|
M/A-COM Technology Solutions Holdings Inc.
|
11,740
|
164
|
|
*
|
Pericom Semiconductor Corp.
|
22,455
|
157
|
|
*
|
Intermolecular Inc.
|
18,215
|
156
|
|
^,*
Rubicon Technology Inc.
|
18,129
|
154
|
|
*
|
Sigma Designs Inc.
|
33,355
|
153
|
|
*
|
Alpha & Omega Semiconductor Ltd.
|
18,481
|
146
|
|
*
|
STR Holdings Inc.
|
8,167
|
25
|
|
*
|
MaxLinear Inc.
|
54
|
—
|
|
|
|
|
402,159
|
|
Software (20.7%)
|
|
|
|
|
Microsoft Corp.
|
8,125,416
|
283,415
|
|
|
Oracle Corp.
|
3,868,104
|
130,587
|
|
*
|
Salesforce.com Inc.
|
567,430
|
24,019
|
|
*
|
Adobe Systems Inc.
|
485,948
|
20,852
|
|
|
Intuit Inc.
|
287,176
|
16,783
|
|
*
|
Symantec Corp.
|
702,880
|
15,737
|
|
*
|
Citrix Systems Inc.
|
190,119
|
12,234
|
|
*
|
Red Hat Inc.
|
197,024
|
9,502
|
|
|
CA Inc.
|
325,415
|
8,887
|
|
*
|
Autodesk Inc.
|
229,109
|
8,644
|
|
*
|
ANSYS Inc.
|
94,885
|
7,069
|
|
*
|
Electronic Arts Inc.
|
305,996
|
7,035
|
|
|
Activision Blizzard Inc.
|
456,492
|
6,587
|
|
*
|
VMware Inc. Class A
|
85,111
|
6,053
|
|
*
|
BMC Software Inc.
|
131,153
|
5,941
|
|
*
|
Synopsys Inc.
|
156,917
|
5,720
|
|
*
|
Nuance Communications Inc.
|
258,626
|
4,914
|
|
*
|
Cadence Design Systems Inc.
|
286,806
|
4,339
|
|
|
FactSet Research Systems Inc.
|
43,030
|
4,225
|
|
*
|
Informatica Corp.
|
110,786
|
4,028
|
|
*
|
Concur Technologies Inc.
|
47,966
|
3,872
|
|
|
Solera Holdings Inc.
|
70,653
|
3,870
|
|
*
|
MICROS Systems Inc.
|
80,829
|
3,411
|
|
*
|
TIBCO Software Inc.
|
157,814
|
3,366
|
|
*
|
Ultimate Software Group Inc.
|
28,107
|
3,128
|
|
*
|
CommVault Systems Inc.
|
44,314
|
3,102
|
|
*
|
PTC Inc.
|
122,749
|
3,082
|
|
*
|
Aspen Technology Inc.
|
95,710
|
2,931
|
|
*
|
SolarWinds Inc.
|
68,896
|
2,904
|
|
|
|
|
|
* Rovi Corp.
|
105,870
|
2,731
|
|
* QLIK Technologies Inc.
|
88,150
|
2,711
|
|
* Fortinet Inc.
|
140,111
|
2,699
|
|
* NetSuite Inc.
|
29,988
|
2,627
|
|
* Workday Inc. Class A
|
38,315
|
2,461
|
|
* Compuware Corp.
|
218,266
|
2,451
|
|
* Tyler Technologies Inc.
|
30,535
|
2,107
|
|
* Splunk Inc.
|
44,617
|
2,086
|
|
* Zynga Inc. Class A
|
581,209
|
1,976
|
|
* SS&C Technologies Holdings Inc.
|
62,176
|
1,967
|
|
* ACI Worldwide Inc.
|
40,498
|
1,884
|
|
Mentor Graphics Corp.
|
96,961
|
1,841
|
|
* Verint Systems Inc.
|
53,744
|
1,804
|
|
Fair Isaac Corp.
|
35,802
|
1,757
|
|
* Sourcefire Inc.
|
30,960
|
1,733
|
|
* ServiceNow Inc.
|
44,676
|
1,642
|
|
* TiVo Inc.
|
126,427
|
1,636
|
|
* Guidewire Software Inc.
|
39,739
|
1,628
|
|
* Manhattan Associates Inc.
|
20,393
|
1,530
|
|
Blackbaud Inc.
|
46,286
|
1,404
|
|
* Take-Two Interactive Software Inc.
|
83,869
|
1,396
|
|
* Progress Software Corp.
|
56,009
|
1,317
|
|
* Advent Software Inc.
|
33,614
|
1,115
|
|
* Bottomline Technologies de Inc.
|
38,446
|
1,062
|
|
* VirnetX Holding Corp.
|
44,375
|
1,051
|
|
* Synchronoss Technologies Inc.
|
31,755
|
996
|
|
* Websense Inc.
|
37,395
|
929
|
|
* Netscout Systems Inc.
|
36,273
|
883
|
|
* RealPage Inc.
|
46,350
|
883
|
|
Monotype Imaging Holdings Inc.
|
38,043
|
866
|
|
* MicroStrategy Inc. Class A
|
9,328
|
853
|
|
* Interactive Intelligence Group Inc.
|
15,997
|
803
|
|
Ebix Inc.
|
38,701
|
768
|
|
* BroadSoft Inc.
|
27,126
|
752
|
|
* Comverse Inc.
|
22,682
|
677
|
|
* PROS Holdings Inc.
|
22,695
|
657
|
|
* Imperva Inc.
|
15,959
|
636
|
|
* Infoblox Inc.
|
24,653
|
600
|
|
* Ellie Mae Inc.
|
25,360
|
568
|
|
Pegasystems Inc.
|
17,307
|
560
|
|
* Accelrys Inc.
|
56,665
|
473
|
|
* Tangoe Inc.
|
28,764
|
429
|
|
EPIQ Systems Inc.
|
32,847
|
398
|
|
* Jive Software Inc.
|
23,547
|
398
|
|
* Seachange International Inc.
|
30,021
|
323
|
|
* Actuate Corp.
|
47,480
|
320
|
|
* Proofpoint Inc.
|
14,835
|
300
|
|
* Net 1 UEPS Technologies Inc.
|
40,718
|
294
|
|
* VASCO Data Security International Inc.
|
31,466
|
264
|
|
ePlus Inc.
|
4,977
|
248
|
|
* Vringo Inc.
|
75,508
|
235
|
|
* Rosetta Stone Inc.
|
13,175
|
224
|
|
* Qualys Inc.
|
14,446
|
202
|
|
* Telenav Inc.
|
17,695
|
90
|
|
* TeleCommunication Systems Inc. Class A
|
120
|
—
|
|
|
|
678,482
|
|
|
|
|
|
|
Total Common Stocks (Cost $2,656,494)
|
|
|
3,273,741
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.0%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $620)
|
0.136%
|
620,000
|
620
|
|
Total Investments (100.1%) (Cost $2,657,114)
|
|
|
3,274,361
|
|
Other Assets and Liabilities-Net (-0.1%)
2
|
|
|
(2,020)
|
|
Net Assets (100%)
|
|
|
3,272,341
|
|
Securities with a market value of less than $500 are displayed with a dash.
|
|
|
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $591,000.
* Non-income-producing security.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
2 Includes $620,000 of collateral received for securities on loan.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $2,657,114,000. Net unrealized appreciation of investment securities for tax purposes was $617,247,000, consisting of unrealized gains of $707,820,000 on securities that had risen in value since their purchase and $90,573,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Materials Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.0%)
|
|
|
|
Chemicals (66.7%)
|
|
|
|
Monsanto Co.
|
708,428
|
71,296
|
|
EI du Pont de Nemours & Co.
|
1,237,287
|
69,028
|
|
Dow Chemical Co.
|
1,594,924
|
54,961
|
|
Praxair Inc.
|
392,192
|
44,839
|
|
^ LyondellBasell Industries NV Class A
|
571,569
|
38,095
|
|
Ecolab Inc.
|
351,456
|
29,688
|
|
PPG Industries Inc.
|
189,080
|
29,045
|
|
Air Products & Chemicals Inc.
|
274,916
|
25,955
|
|
Mosaic Co.
|
393,145
|
23,911
|
|
Sherwin-Williams Co.
|
116,391
|
21,943
|
|
CF Industries Holdings Inc.
|
83,386
|
15,923
|
|
Eastman Chemical Co.
|
203,801
|
14,617
|
|
Sigma-Aldrich Corp.
|
159,442
|
13,339
|
|
FMC Corp.
|
182,310
|
11,433
|
|
Celanese Corp. Class A
|
211,414
|
10,433
|
|
Airgas Inc.
|
90,503
|
9,312
|
|
Ashland Inc.
|
99,299
|
8,830
|
|
International Flavors & Fragrances Inc.
|
107,869
|
8,661
|
|
Valspar Corp.
|
113,067
|
8,104
|
|
* WR Grace & Co.
|
95,055
|
8,033
|
|
Albemarle Corp.
|
117,561
|
7,867
|
|
Rockwood Holdings Inc.
|
99,517
|
6,634
|
|
RPM International Inc.
|
175,183
|
5,804
|
|
Huntsman Corp.
|
269,939
|
5,250
|
|
Cytec Industries Inc.
|
56,367
|
4,029
|
|
Axiall Corp.
|
92,408
|
3,987
|
|
NewMarket Corp.
|
14,208
|
3,896
|
|
Cabot Corp.
|
84,399
|
3,455
|
|
PolyOne Corp.
|
125,026
|
3,212
|
|
* Chemtura Corp.
|
129,755
|
2,975
|
|
HB Fuller Co.
|
66,950
|
2,783
|
|
Sensient Technologies Corp.
|
66,130
|
2,729
|
|
Scotts Miracle-Gro Co. Class A
|
57,411
|
2,714
|
|
Olin Corp.
|
106,121
|
2,646
|
|
Westlake Chemical Corp.
|
26,484
|
2,474
|
|
Minerals Technologies Inc.
|
46,418
|
1,977
|
|
Tronox Ltd. Class A
|
82,186
|
1,897
|
|
Balchem Corp.
|
39,240
|
1,884
|
|
Innophos Holdings Inc.
|
29,141
|
1,474
|
|
Intrepid Potash Inc.
|
74,997
|
1,409
|
|
Stepan Co.
|
24,824
|
1,341
|
|
* Calgon Carbon Corp.
|
71,378
|
1,289
|
|
* OM Group Inc.
|
43,400
|
1,273
|
|
Innospec Inc.
|
30,925
|
1,269
|
|
Quaker Chemical Corp.
|
17,492
|
1,133
|
|
Koppers Holdings Inc.
|
27,463
|
1,131
|
|
A Schulman Inc.
|
39,077
|
1,129
|
|
* Flotek Industries Inc.
|
63,213
|
1,099
|
|
American Vanguard Corp.
|
31,664
|
965
|
|
|
|
|
|
* Kraton Performance Polymers Inc.
|
43,165
|
895
|
|
* LSB Industries Inc.
|
25,617
|
865
|
|
* Ferro Corp.
|
110,691
|
759
|
|
Tredegar Corp.
|
30,320
|
757
|
|
Kronos Worldwide Inc.
|
31,449
|
532
|
|
* Zoltek Cos. Inc.
|
39,714
|
508
|
|
Hawkins Inc.
|
12,695
|
506
|
|
* OMNOVA Solutions Inc.
|
62,089
|
460
|
|
Zep Inc.
|
25,111
|
416
|
|
FutureFuel Corp.
|
25,825
|
361
|
|
* Arabian American Development Co.
|
24,037
|
178
|
|
|
|
603,408
|
|
Construction Materials (2.5%)
|
|
|
|
Vulcan Materials Co.
|
172,335
|
9,234
|
|
Martin Marietta Materials Inc.
|
60,730
|
6,621
|
|
Eagle Materials Inc.
|
62,181
|
4,586
|
|
* Texas Industries Inc.
|
18,620
|
1,329
|
|
* Headwaters Inc.
|
95,840
|
1,017
|
|
* United States Lime & Minerals Inc.
|
2,122
|
106
|
|
|
|
22,893
|
|
Containers & Packaging (8.4%)
|
|
|
|
Rock Tenn Co. Class A
|
95,085
|
9,392
|
|
MeadWestvaco Corp.
|
232,601
|
8,141
|
|
Ball Corp.
|
187,959
|
8,112
|
|
* Crown Holdings Inc.
|
189,575
|
8,029
|
|
Packaging Corp. of America
|
129,975
|
6,369
|
|
Sealed Air Corp.
|
244,774
|
5,879
|
|
* Owens-Illinois Inc.
|
206,355
|
5,664
|
|
Bemis Co. Inc.
|
136,318
|
5,337
|
|
Aptargroup Inc.
|
87,655
|
4,972
|
|
Sonoco Products Co.
|
133,747
|
4,684
|
|
Silgan Holdings Inc.
|
58,969
|
2,758
|
|
* Graphic Packaging Holding Co.
|
253,022
|
1,946
|
|
Greif Inc. Class A
|
33,543
|
1,748
|
|
* Berry Plastics Group Inc.
|
74,887
|
1,573
|
|
Boise Inc.
|
128,158
|
1,033
|
|
Myers Industries Inc.
|
36,103
|
531
|
|
|
|
76,168
|
|
Metals & Mining (17.4%)
|
|
|
|
Freeport-McMoRan Copper & Gold Inc.
|
1,369,739
|
42,530
|
|
Newmont Mining Corp.
|
657,759
|
22,548
|
|
Nucor Corp.
|
420,681
|
18,725
|
|
Alcoa Inc.
|
1,416,058
|
12,037
|
|
Reliance Steel & Aluminum Co.
|
101,101
|
6,649
|
|
Royal Gold Inc.
|
85,229
|
4,667
|
|
Steel Dynamics Inc.
|
291,783
|
4,476
|
|
Allegheny Technologies Inc.
|
142,303
|
3,923
|
|
Compass Minerals International Inc.
|
44,242
|
3,861
|
|
Cliffs Natural Resources Inc.
|
200,588
|
3,619
|
|
^ United States Steel Corp.
|
190,983
|
3,378
|
|
Carpenter Technology Corp.
|
66,376
|
3,197
|
|
Worthington Industries Inc.
|
70,217
|
2,414
|
|
Commercial Metals Co.
|
146,675
|
2,262
|
|
* Stillwater Mining Co.
|
154,726
|
1,855
|
|
* Coeur Mining Inc.
|
120,674
|
1,712
|
|
Kaiser Aluminum Corp.
|
25,602
|
1,624
|
|
|
|
|
|
|
|
*
|
SunCoke Energy Inc.
|
|
93,596
|
1,451
|
|
|
Hecla Mining Co.
|
|
378,683
|
1,450
|
|
|
Walter Energy Inc.
|
|
83,556
|
1,425
|
|
^,*
Molycorp Inc.
|
|
175,026
|
1,150
|
|
*
|
RTI International Metals Inc.
|
|
38,556
|
1,119
|
|
|
Globe Specialty Metals Inc.
|
|
89,785
|
1,102
|
|
|
AMCOL International Corp.
|
|
34,314
|
1,097
|
|
*
|
Allied Nevada Gold Corp.
|
|
130,706
|
1,009
|
|
|
Schnitzer Steel Industries Inc.
|
|
34,064
|
841
|
|
|
Haynes International Inc.
|
|
16,546
|
810
|
|
|
Materion Corp.
|
|
25,953
|
773
|
|
*
|
McEwen Mining Inc.
|
|
297,298
|
758
|
|
*
|
Century Aluminum Co.
|
|
71,982
|
713
|
|
*
|
Horsehead Holding Corp.
|
|
59,552
|
685
|
|
|
US Silica Holdings Inc.
|
|
28,462
|
629
|
|
^,*
AK Steel Holding Corp.
|
|
179,513
|
623
|
|
^
|
Gold Resource Corp.
|
|
44,727
|
429
|
|
*
|
AM Castle & Co.
|
|
21,438
|
379
|
|
|
Olympic Steel Inc.
|
|
12,479
|
316
|
|
*
|
Paramount Gold and Silver Corp.
|
|
169,218
|
254
|
|
|
Noranda Aluminum Holding Corp.
|
|
46,241
|
187
|
|
*
|
General Moly Inc.
|
|
79,879
|
172
|
|
*
|
Midway Gold Corp.
|
|
32,190
|
35
|
|
*
|
Golden Minerals Co.
|
|
12,948
|
23
|
|
|
|
|
|
156,907
|
|
Paper & Forest Products (5.0%)
|
|
|
|
|
|
International Paper Co.
|
|
555,001
|
25,613
|
|
|
Domtar Corp.
|
|
46,145
|
3,344
|
|
*
|
Louisiana-Pacific Corp.
|
|
185,119
|
3,253
|
|
|
Schweitzer-Mauduit International Inc.
|
|
41,634
|
2,001
|
|
|
Buckeye Technologies Inc.
|
|
51,738
|
1,928
|
|
*
|
Resolute Forest Products Inc.
|
|
125,455
|
1,910
|
|
|
KapStone Paper and Packaging Corp.
|
|
56,633
|
1,643
|
|
|
PH Glatfelter Co.
|
|
57,319
|
1,418
|
|
*
|
Clearwater Paper Corp.
|
|
27,365
|
1,309
|
|
|
Deltic Timber Corp.
|
|
15,234
|
961
|
|
|
Neenah Paper Inc.
|
|
21,407
|
672
|
|
|
Wausau Paper Corp.
|
|
52,197
|
610
|
|
*
|
Mercer International Inc.
|
|
51,655
|
355
|
|
|
|
|
|
45,017
|
|
Total Common Stocks (Cost $859,057)
|
|
|
904,393
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (3.2%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $29,116)
|
|
|
|
|
|
|
0.136%
|
29,116,100
|
29,116
|
|
Total Investments (103.2%) (Cost $888,173)
|
|
|
933,509
|
|
Other Assets and Liabilities-Net (-3.2%)
2
|
|
|
(29,141)
|
|
Net Assets (100%)
|
|
|
904,368
|
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $28,074,000.
* Non-income-producing security.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Includes $29,116,000 of collateral received for securities on loan.
Materials Index Fund
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $888,173,000. Net unrealized appreciation of investment securities for tax purposes was $45,336,000, consisting of unrealized gains of $168,933,000 on securities that had risen in value since their purchase and $123,597,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Telecommunication Services Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
|
|
Market
|
|
|
|
|
Value
|
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.8%)
|
|
|
|
Diversified Telecommunication Services (74.8%)
|
|
|
|
|
Alternative Carriers (13.3%)
|
|
|
|
*
|
tw telecom inc Class A
|
453,529
|
12,939
|
|
*
|
Level 3 Communications Inc.
|
536,934
|
11,507
|
|
|
Cogent Communications Group Inc.
|
370,338
|
10,181
|
|
*
|
Vonage Holdings Corp.
|
3,254,785
|
8,918
|
|
*
|
inContact Inc.
|
1,225,398
|
8,896
|
|
|
Lumos Networks Corp.
|
637,649
|
8,761
|
|
*
|
Premiere Global Services Inc.
|
720,518
|
8,682
|
|
*
|
Iridium Communications Inc.
|
842,435
|
6,007
|
|
*
|
8x8 Inc.
|
693,229
|
5,733
|
|
|
|
|
Integrated Telecommunication Services (61.5%)
|
|
|
|
|
AT&T Inc.
|
3,902,350
|
136,543
|
|
|
Verizon Communications Inc.
|
2,816,299
|
136,534
|
|
|
CenturyLink Inc.
|
768,806
|
26,255
|
|
|
Windstream Corp.
|
1,528,541
|
12,274
|
|
|
Frontier Communications Corp.
|
2,756,334
|
11,411
|
|
|
IDT Corp. Class B
|
545,471
|
9,486
|
|
|
Consolidated Communications Holdings Inc.
|
509,432
|
8,671
|
|
|
Atlantic Tele-Network Inc.
|
170,240
|
8,473
|
|
*
|
Cbeyond Inc.
|
933,806
|
8,021
|
|
*
|
General Communication Inc. Class A
|
811,558
|
7,053
|
|
*
|
Cincinnati Bell Inc.
|
1,734,405
|
5,966
|
|
|
Alaska Communications Systems Group Inc.
|
2,042,797
|
3,350
|
|
*,^
Elephant Talk Communications Corp.
|
3,824,725
|
2,830
|
|
*
|
Hawaiian Telcom Holdco Inc.
|
71,914
|
1,853
|
|
|
|
|
460,344
|
|
Wireless Telecommunication Services (26.0%)
|
|
|
|
|
Wireless Telecommunication Services (26.0%)
|
|
|
|
*
|
Sprint Nextel Corp.
|
3,892,213
|
28,413
|
|
*
|
Crown Castle International Corp.
|
388,889
|
27,708
|
|
*
|
SBA Communications Corp. Class A
|
282,613
|
21,272
|
|
*
|
Clearwire Corp. Class A
|
3,158,838
|
14,152
|
|
*
|
T-Mobile US Inc.
|
585,617
|
12,550
|
|
|
Telephone & Data Systems Inc.
|
433,035
|
10,068
|
|
*,^
NII Holdings Inc.
|
1,156,840
|
8,919
|
|
|
Shenandoah Telecommunications Co.
|
516,343
|
8,592
|
|
*
|
United States Cellular Corp.
|
155,278
|
6,165
|
|
|
USA Mobility Inc.
|
453,264
|
6,110
|
|
*
|
Leap Wireless International Inc.
|
981,967
|
5,548
|
|
|
NTELOS Holdings Corp.
|
327,684
|
5,364
|
|
*
|
Boingo Wireless Inc.
|
716,800
|
5,197
|
|
|
|
|
160,058
|
|
Total Common Stocks (Cost $622,353)
|
|
620,402
|
|
|
|
|
|
|
|
Coupon
|
|
|
|
Temporary Cash Investment (0.6%)
|
|
|
|
|
Money Market Fund (0.6%)
|
|
|
|
|
1,2
Vanguard Market Liquidity Fund (Cost $3,632)
|
|
|
|
|
|
0.136%
|
3,631,656
|
3,632
|
|
Total Investments (101.4%) (Cost $625,985)
|
|
|
624,034
|
|
Other Assets and Liabilities-Net (-1.4%)
2
|
|
|
(8,603)
|
|
Net Assets (100%)
|
|
|
615,431
|
* Non-income-producing security.
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $2,741,000.
1 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
2 Includes $3,127,000 of collateral received for securities on loan.
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.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
The fund has invested in a company that is considered to be an affiliated company of the fund because the fund owns more than 5% of the outstanding voting securities of the company. Transactions during the period in securities of this company were as follows:
|
|
|
|
|
|
|
|
|
|
|
Current Period Transactions
|
|
|
|
|
|
Proceeds
|
|
|
|
|
Aug. 31, 2012
|
|
from
|
|
Mar. 31, 2013
|
|
|
Market
|
Purchases
|
Securities
|
Dividend
|
Market
|
|
|
Value
|
at Cost
|
Sold
|
Income
|
Value
|
|
|
($000)
|
($000)
|
($000)
|
($000)
|
($000)
|
|
Alaska Communications Systems
|
5,896
|
1,880
|
3,258
|
137
|
NA
1
|
|
Group Inc.
|
|
|
|
|
|
1 Not applicable - At May 31, 2013, the security was still held, but the issuer was no longer an affiliated company of the fund.
D.
At May 31, 2013, the cost of investment securities for tax purposes was $625,985,000. Net unrealized depreciation of investment securities for tax purposes was $1,951,000, consisting of
Telecommunication Services Index Fund
unrealized gains of $54,397,000 on securities that had risen in value since their purchase and $56,348,000 in unrealized losses on securities that had fallen in value since their purchase.
Vanguard Utilities Index Fund
Schedule of Investments
As of May 31, 2013
|
|
|
|
|
|
|
Market
|
|
|
|
Value
|
|
|
Shares
|
($000)
|
|
Common Stocks (100.1%)
|
|
|
|
Electric Utilities (52.9%)
|
|
|
|
Duke Energy Corp.
|
2,235,454
|
149,619
|
|
Southern Co.
|
2,756,813
|
121,024
|
|
NextEra Energy Inc.
|
1,344,790
|
101,693
|
|
Exelon Corp.
|
2,712,486
|
85,009
|
|
American Electric Power Co. Inc.
|
1,540,770
|
70,598
|
|
PPL Corp.
|
1,849,008
|
54,916
|
|
FirstEnergy Corp.
|
1,326,734
|
51,756
|
|
Edison International
|
981,936
|
45,110
|
|
Xcel Energy Inc.
|
1,549,089
|
44,490
|
|
Northeast Utilities
|
997,160
|
41,552
|
|
Entergy Corp.
|
564,918
|
38,912
|
|
OGE Energy Corp.
|
313,339
|
21,266
|
|
Pinnacle West Capital Corp.
|
348,160
|
19,664
|
|
NV Energy Inc.
|
745,211
|
17,468
|
|
Pepco Holdings Inc.
|
729,841
|
15,159
|
|
ITC Holdings Corp.
|
165,928
|
14,364
|
|
Westar Energy Inc.
|
402,217
|
12,758
|
|
Great Plains Energy Inc.
|
487,067
|
10,993
|
|
Cleco Corp.
|
193,044
|
8,786
|
|
Hawaiian Electric Industries Inc.
|
331,654
|
8,679
|
|
IDACORP Inc.
|
158,993
|
7,509
|
|
Portland General Electric Co.
|
239,663
|
7,295
|
|
UIL Holdings Corp.
|
160,730
|
6,262
|
|
UNS Energy Corp.
|
131,281
|
6,155
|
|
PNM Resources Inc.
|
252,686
|
5,665
|
|
ALLETE Inc.
|
112,716
|
5,334
|
|
El Paso Electric Co.
|
127,607
|
4,567
|
|
MGE Energy Inc.
|
73,294
|
3,912
|
|
Empire District Electric Co.
|
134,853
|
2,930
|
|
Otter Tail Corp.
|
104,222
|
2,847
|
|
Unitil Corp.
|
42,011
|
1,180
|
|
|
|
987,472
|
|
Gas Utilities (7.6%)
|
|
|
|
ONEOK Inc.
|
650,376
|
29,358
|
|
AGL Resources Inc.
|
373,877
|
15,826
|
|
National Fuel Gas Co.
|
225,069
|
13,774
|
|
UGI Corp.
|
359,044
|
13,712
|
|
Questar Corp.
|
555,640
|
13,508
|
|
Atmos Energy Corp.
|
286,934
|
12,115
|
|
Piedmont Natural Gas Co. Inc.
|
242,743
|
8,202
|
|
WGL Holdings Inc.
|
163,820
|
7,031
|
|
Southwest Gas Corp.
|
146,805
|
6,951
|
|
New Jersey Resources Corp.
|
132,625
|
6,019
|
|
South Jersey Industries Inc.
|
100,793
|
5,888
|
|
Laclede Group Inc.
|
94,526
|
4,474
|
|
Northwest Natural Gas Co.
|
85,908
|
3,671
|
|
Chesapeake Utilities Corp.
|
30,858
|
1,634
|
|
|
|
142,163
|
|
|
|
|
|
Independent Power Producers & Energy Traders (4.3%)
|
|
|
|
NRG Energy Inc.
|
1,025,234
|
26,164
|
|
AES Corp.
|
2,011,018
|
24,534
|
|
* Calpine Corp.
|
1,158,024
|
23,520
|
|
* Dynegy Inc.
|
142,765
|
3,479
|
|
Ormat Technologies Inc.
|
50,803
|
1,159
|
|
Genie Energy Ltd. Class B
|
47,359
|
407
|
|
|
|
79,263
|
|
Multi-Utilities (32.8%)
|
|
|
|
Dominion Resources Inc.
|
1,828,340
|
103,393
|
|
PG&E Corp.
|
1,391,991
|
62,514
|
|
Sempra Energy
|
733,173
|
59,607
|
|
Public Service Enterprise Group Inc.
|
1,605,084
|
53,032
|
|
Consolidated Edison Inc.
|
929,102
|
53,024
|
|
DTE Energy Co.
|
547,383
|
36,461
|
|
CenterPoint Energy Inc.
|
1,291,665
|
29,941
|
|
Wisconsin Energy Corp.
|
726,525
|
29,649
|
|
NiSource Inc.
|
987,211
|
28,363
|
|
Ameren Corp.
|
769,709
|
26,201
|
|
CMS Energy Corp.
|
843,661
|
22,737
|
|
SCANA Corp.
|
399,077
|
20,129
|
|
Alliant Energy Corp.
|
352,079
|
17,343
|
|
MDU Resources Group Inc.
|
569,101
|
14,717
|
|
Integrys Energy Group Inc.
|
248,653
|
14,305
|
|
TECO Energy Inc.
|
654,689
|
11,529
|
|
Vectren Corp.
|
260,721
|
8,953
|
|
Black Hills Corp.
|
133,259
|
6,326
|
|
Avista Corp.
|
189,871
|
5,071
|
|
NorthWestern Corp.
|
118,113
|
4,862
|
|
CH Energy Group Inc.
|
47,476
|
3,073
|
|
a
|
|
611,230
|
|
Water Utilities (2.5%)
|
|
|
|
American Water Works Co. Inc.
|
562,789
|
22,478
|
|
Aqua America Inc.
|
445,238
|
13,842
|
|
American States Water Co.
|
61,075
|
3,245
|
|
California Water Service Group
|
148,731
|
2,934
|
|
SJW Corp.
|
44,691
|
1,209
|
|
Connecticut Water Service Inc.
|
34,224
|
971
|
|
Middlesex Water Co.
|
50,414
|
971
|
|
York Water Co.
|
30,797
|
588
|
|
|
|
46,238
|
|
Total Investments (100.1%) (Cost $1,787,827)
|
|
1,866,366
|
|
Other Assets and Liabilities-Net (-0.1%)
|
|
(946)
|
|
Net Assets (100%)
|
|
1,865,420
|
|
* Non-income-producing security.
|
|
|
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.
Utilities Index Fund
B.
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).
At May 31, 2013, 100% of the market value of the fund's investments was determined based on Level 1 inputs.
C.
At May 31, 2013, the cost of investment securities for tax purposes was $1,787,827,000. Net unrealized appreciation of investment securities for tax purposes was $78,539,000, consisting of unrealized gains of $170,676,000 on securities that had risen in value since their purchase and $92,137,000 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
|
|
|
|
|
VANGUARD WORLD FUND
|
|
|
|
By:
|
/s/ F. WILLIAM MCNABB III*
|
|
|
F. WILLIAM MCNABB III
|
|
|
CHIEF EXECUTIVE OFFICER
|
|
|
|
Date: July 19, 2013
|
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 FUND
|
|
|
|
By:
|
/s/ F. WILLIAM MCNABB III*
|
|
|
F. WILLIAM MCNABB III
|
|
|
CHIEF EXECUTIVE OFFICER
|
|
|
|
Date: July 19, 2013
|
|
|
|
|
|
VANGUARD WORLD FUND
|
|
|
|
By:
|
/s/ THOMAS J. HIGGINS*
|
|
|
THOMAS J. HIGGINS
|
|
|
CHIEF FINANCIAL OFFICER
|
|
|
|
Date: July 19, 2013
|
* By:/s/ Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on
March 27, 2012 see file Number 2-11444
, Incorporated by Reference.
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