Annual Report | December 31, 2012
Vanguard Total Stock Market Index Fund
> The broad U.S. stock market rode out another year of high uncertainty with
strong gains, and Vanguard Total Stock Market Index Fund earned more than
16%.
> Banks and consumer discretionary businesses generated the highest stock
returns, utility and energy firms the lowest.
> The fund’s overall return closely tracked that of its benchmark index.
Contents
Your Fund’s Total Returns. . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Chairman’s Letter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Fund Profile. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
Performance Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Your Fund’s After-Tax Returns. . . . . . . . . . . . . . . . . . . . . . . 30
About Your Fund’s Expenses. . . . . . . . . . . . . . . . . . . . . . . . 31
Glossary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Total Stock Market Index Fund
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice.
Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the
risks of investing in your fund are spelled out in the prospectus.
See the Glossary for definitions of investment terms used in this report.
About the cover: Our cover photograph shows rigging on the HMS Surprise, a replica of an 18th-century Royal Navy frigate. It
was featured in the 2003 movie Master and Commander: The Far Side of the World, which was based on Patrick O’Brian’s sea
novels, set amid the Napoleonic Wars. Vanguard was named for another ship of that era, the HMS Vanguard, which was the
flagship of British Admiral Horatio Nelson at the Battle of the Nile.
Your Fund’s Total Returns
Fiscal Year Ended December 31, 2012
Total
Returns
Vanguard Total Stock Market Index Fund
Investor Shares
16.25%
Admiral™ Shares
16.38
Signal® Shares
16.39
Institutional Shares
16.42
ETF Shares
Market Price
16.45
Net Asset Value
16.41
MSCI US Broad Market Index
16.44
Multi-Cap Core Funds Average
14.93
Multi-Cap Core Funds Average: Derived from data provided by Lipper Inc.
Admiral Shares carry lower expenses and are available to investors who meet certain account-balance requirements. Signal Shares and
Institutional Shares are available to certain institutional investors who meet specific administrative, service, and account-size criteria. The
Vanguard ETF® Shares shown are traded on the NYSE Arca exchange and are available only through brokers. The table provides ETF returns
based on both the NYSE Arca market price and the net asset value for a share. U.S. Pat. No. 6,879,964 B2; 7,337,138; 7,720,749; 7,925,573;
8,090,646.
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock
Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about
how the ETF Shares' market prices have compared with their net asset value, visit vanguard.com, select your ETF, and then select the Price
and Performance tab. The ETF premium/discount analysis there shows the percentages of days on which the ETF Shares' market price was
above or below the NAV.
Your Fund’s Performance at a Glance
December 31, 2011, Through December 31, 2012
Distributions Per Share
Starting
Share Price
Ending
Share Price
Income
Dividends
Capital
Gains
Investor Shares
$31.29
$35.64
$0.720
$0.000
Admiral Shares
31.30
35.65
0.761
0.000
Signal Shares
30.21
34.41
0.735
0.000
Institutional Shares
31.30
35.66
0.762
0.000
ETF Shares
64.29
73.24
1.563
0.000
Vanguard Total Stock Market Index Fund
1
Dear Shareholder,
Chairman’s Letter
The broad U.S. stock market rode
out political, economic, and fiscal
uncertainty to end the year with solid
returns. Twice, it seemed poised to
tumble as concern flared in the spring
and fall over all-too-familiar woes: the
economy’s sluggish recovery, Europe’s
debt predicament, Asia’s slowdown,
and Washington’s fiscal gridlock. Yet
throughout, the market managed to stay
in positive territory.
Vanguard Total Stock Market Index Fund
closely tracked its benchmark, the MSCI
US Broad Market Index, which gained
more than 16% for the year. The fund’s
peers returned close to 15% on average.
If you own the fund in a taxable account,
you may wish to review the information
on after-tax returns presented later in
this report.
With help from central banks,
stocks posted strong results
Stocks around the world recorded
double-digit gains for the 12 months
ended December 31, with international
stocks faring even better than their U.S.
counterparts.
European stocks shook off investors’
concerns to deliver some of the best
results, rising about 19% compared with
about 16% for U.S. stocks. The rally came
as European central bankers moved to
address worries about the finances of
governments and banks. Still, Vanguard
economists expect Europe to remain a
trouble spot, with occasional spikes in
2
market volatility, as fiscal tightening
persists in the face of weak economic
growth.
In the United States, the Federal
Reserve continued buying bonds and
mortgage-backed securities to try to
stimulate growth. The Fed’s actions
seemed to buoy both stock and
bond returns.
Attention to the nation’s considerable
budget challenges intensified as 2012
drew to a close. The focus on the “fiscal
cliff” led to anxiety in the markets before
policymakers reached a limited tax-rate
agreement on the cusp of the new year.
The compromise legislation, which
President Barack Obama signed into law
on January 2, addressed some immediate
concerns, but a credible long-term deficitreduction strategy had yet to be crafted to
resolve the nation’s fiscal imbalance and
open the way for growth.
Bond returns were solid,
but challenges lie ahead
The broad U.S. taxable bond market
returned about 4% for the 12 months.
Municipal bonds performed especially
well, returning more than 6%.
As bond prices rose, the yield of
the 10-year U.S. Treasury note slipped
to a record low in July, closing below
1.5%. (Bond yields and prices move in
opposite directions.) By the end of the
period, the yield had climbed, but it
remained exceptionally low by
historical standards.
Market Barometer
Average Annual Total Returns
Periods Ended December 31, 2012
One
Year
Three
Years
Five
Years
Stocks
Russell 1000 Index (Large-caps)
16.42%
11.12%
1.92%
Russell 2000 Index (Small-caps)
16.35
12.25
3.56
Russell 3000 Index (Broad U.S. market)
16.42
11.20
2.04
MSCI All Country World Index ex USA (International)
16.83
3.87
-2.89
Bonds
Barclays U.S. Aggregate Bond Index (Broad taxable market)
4.21%
6.19%
5.95%
Barclays Municipal Bond Index (Broad tax-exempt market)
6.78
6.57
5.91
Citigroup Three-Month U.S. Treasury Bill Index
0.07
0.08
0.44
1.74%
2.06%
1.80%
CPI
Consumer Price Index
3
Although bonds can provide critical
diversification benefits to a portfolio, their
prospects look much less promising than
the returns achieved in recent years. As
yields have tumbled, the opportunity for
future bond price appreciation has greatly
diminished. (You can read more about our
expectations for bond and stock returns in
Vanguard’s Economic and Investment
Outlook, available at vanguard.com/
research.)
As it has since late 2008, the Fed held
its target for short-term interest rates
between 0% and 0.25%, which kept a
tight lid on returns from money market
funds and savings accounts.
Consumer discretionary and
bank stocks led sector returns
Vanguard Total Stock Market Index Fund
benefited from robust returns across much
of the business landscape. While overall
economic growth remained modest in
2012, the improving housing market
and low interest rates were notable tonics.
Investors saw particular value in banks and
in firms involved in the production and sale
of discretionary consumer goods and
services—two sectors heavily represented
in the fund. As demand for homes picked
up, investors bid up stocks related to the
various nonessentials—things like new
cars, TVs, cable hookups—that often go
with homeownership and better times
in general.
Expense Ratios
Your Fund Compared With Its Peer Group
Total Stock Market Index Fund
Investor
Shares
Admiral
Shares
Signal
Shares
Institutional
Shares
ETF
Shares
Peer
Group
Average
0.18%
0.06%
0.06%
0.05%
0.06%
1.18%
The fund expense ratios shown are from the prospectus dated April 26, 2012, and represent estimated costs for the current fiscal year. For the
fiscal year ended December 31, 2012, the fund’s expense ratios were: 0.17% for Investor Shares, 0.05% for Admiral Shares, 0.05% for Signal
Shares, 0.04% for Institutional Shares, and 0.05% for ETF Shares. The peer-group expense ratio is derived from data provided by Lipper Inc.
and captures information through year-end 2011.
Peer group: Multi-Cap Core Funds.
4
This heartier investor appetite for stocks
associated with economic expansion
meant a modest performance for utilities
stocks, which are often considered
recession-resistant. Utilities’ small
weighting in the fund muted the effect of
their relative weakness.
7.83%, closely tracking the fund’s broadmarket benchmark, which returned 7.96%.
For the decade, the fund outperformed the
average return of its peers by more than
1 percentage point.
Energy stocks also underperformed.
Energy companies’ earnings fell in the
spring as oil prices slumped amid new
supplies and concern that the U.S. and
global economies were about to slow
sharply.
In early October, we announced that
Vanguard Total Stock Market Index Fund
would adopt a new target benchmark as
part of a broader transition affecting 22 of
our index funds. This transition, which we
plan to complete by the middle of the year,
is expected to produce significant longterm savings for Vanguard clients.
Solid long-term performance
through a difficult decade
Over the past decade, Investor Shares
of Vanguard Total Stock Market Index
Fund had an annual average return of
Your fund will seek to track
a new benchmark index
The new benchmark for the fund will
be supplied by the University of Chicago’s
Center for Research in Security Prices
Total Returns
Ten Years Ended December 31, 2012
Average
Annual Return
Total Stock Market Index Fund Investor Shares
7.83%
Spliced Total Stock Market Index
7.96
Multi-Cap Core Funds Average
6.67
For a benchmark description, see the Glossary.
Multi-Cap Core Funds Average: Derived from data provided by Lipper Inc.
The figures shown represent past performance, which is not a guarantee of future results. (Current performance may be
lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our
website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so
an investor’s shares, when sold, could be worth more or less than their original cost.
5
(CRSP). CRSP is one of 11 research
centers at the University of Chicago
Booth School of Business. In 1960, the
organization pioneered the development
of U.S. stock market data that are
widely used in academic and investment
research today.
Gus Sauter united traditional values
with pioneering investment acumen
When I was interviewing for a job at
Vanguard in the mid-1980s, Jack Brennan,
who would go on to become our chairman
and CEO and now chairman emeritus,
described Vanguard as “a company with
the intellectual rigor of Wall Street but with
Midwestern values.”
I’m reminded of that when I think about
Gus Sauter’s 25-year career at Vanguard.
Gus retired as our chief investment officer
at the end of December, having set the
highest of standards for both intellectual
achievement and devotion to doing the
right thing for clients, colleagues, and
community.
Gus played a pivotal role in transforming
indexing from a novelty to an investing
mainstay, a change that has benefited all
investors. In addition, he developed our
active quantitative equity strategies,
oversaw the growth of our industry-leading
expertise in fixed income, and ultimately
helped Vanguard to become a global
investment manager responsible for
$2 trillion in client assets.
A note on expense ratios
The Expense Ratios table in each report’s Chairman’s Letter displays fund expense
ratios from the most recent prospectus. These figures include the funds’ actual
operating expenses. For some funds, the figures also include “acquired fund fees
and expenses,” which result from the funds’ holdings in business development
companies (BDCs).
Although the Securities and Exchange Commission requires that BDC costs be
included in a fund’s expense ratio, these fees are not incurred by the fund. They
have no impact on a fund’s total return or on its tracking error relative to an index.
A footnote to the Expense Ratios table reports an annualized calculation of the fund’s
actual expenses for the period, a more relevant tally of the operating costs incurred
by shareholders.
6
As for the Midwestern values, Gus—
a native of Ohio, incidentally—served our
clients with a dedication to thrift, candor,
and common sense that has helped make
Vanguard what it is. His colleagues knew
that in any situation they could count on
Gus to keep a level-headed, long-term
outlook. Just two weeks after he started at
Vanguard, he helped guide us through the
stock market crash of 1987. Some 20
years later, he helped us navigate the
financial crisis of 2008–2009.
An important aspect of Gus’s legacy
is the team of world-class investment
professionals that he cultivated at
Vanguard. That team is now led by Tim
Buckley, who led our services for individual
investors before becoming chief
investment officer. I am confident that Tim
will not only carry on Gus’s legacy, but
also—as Gus himself put it—take Vanguard
investment management to the next level.
As always, thank you for entrusting your
assets to Vanguard.
Sincerely,
F. William McNabb III
Chairman and Chief Executive Officer
January 14, 2013
7
Total Stock Market Index Fund
Fund Profile
As of December 31, 2012
Share-Class Characteristics
ETF
Shares
Investor
Shares
Admiral
Shares
Signal
Shares
Ticker Symbol
VTSMX
VTSAX
VTSSX
VITSX
VTI
Expense Ratio1
0.18%
0.06%
0.06%
0.05%
0.06%
30-Day SEC Yield
1.98%
2.10%
2.10%
2.10%
2.10%
Ten Largest Holdings (% of total net assets)
Portfolio Characteristics
Fund
Number of Stocks
MSCI US
Broad Market
Index
3,278
3,259
Median Market Cap
$35.0B
$35.0B
Price/Earnings Ratio
16.7x
16.7x
2.1x
2.1x
Price/Book Ratio
Return on Equity
Earnings Growth Rate
Institutional
Shares
17.2%
17.2%
9.8%
9.8%
Apple Inc.
Computer Hardware
3.2%
Exxon Mobil Corp.
Integrated Oil & Gas
2.5
General Electric Co.
Industrial
Conglomerates
1.4
Chevron Corp.
Integrated Oil & Gas
1.3
International Business
Machines Corp.
IT Consulting &
Other Services
1.3
Microsoft Corp.
Systems Software
1.3
AT&T Inc.
Integrated
Telecommunication
Services
1.2
Johnson & Johnson
Pharmaceuticals
1.2
1.2
Dividend Yield
2.1%
2.1%
Foreign Holdings
0.0%
0.0%
3%
—
Pfizer Inc.
Pharmaceuticals
0.2%
—
Procter & Gamble Co.
Household Products
Turnover Rate
Short-Term Reserves
1.2
15.8%
Top Ten
The holdings listed exclude any temporary cash investments and
equity index products.
Volatility Measures
MSCI US
Broad Market
Index
R-Squared
1.00
Beta
1.00
These measures show the degree and timing of the fund’s
fluctuations compared with the index over 36 months.
Investment Focus
Style
Market Cap
Value Blend Growth
Large
Medium
Small
1 The expense ratios shown are from the prospectus dated April 26, 2012, and represent estimated costs for the current fiscal year. For the
fiscal year ended December 31, 2012, the expense ratios were 0.17% for Investor Shares, 0.05% for Admiral Shares, 0.05% for Signal
Shares, 0.04% for Institutional Shares, and 0.05% for ETF Shares.
8
Total Stock Market Index Fund
Sector Diversification (% of equity exposure)
MSCI US
Broad Market
Fund
Index
Consumer Discretionary
Consumer Staples
12.4%
12.4%
9.4
9.4
Energy
10.2
10.1
Financials
16.5
16.6
Health Care
11.8
11.8
Industrials
11.1
11.1
Information Technology
18.5
18.5
Materials
4.0
4.0
Telecommunication Services
2.7
2.7
Utilities
3.4
3.4
9
Total Stock Market Index Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future
results that may be achieved by the fund. (Current performance may be lower or higher than
the performance data cited. For performance data current to the most recent month-end, visit
our website at vanguard.com/performance.) Note, too, that both investment returns and principal
value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than
their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund
distributions or on the sale of fund shares.
Cumulative Performance: December 31, 2002, Through December 31, 2012
Initial Investment of $10,000
$24,000
21,255
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
6,000
Average Annual Total Returns
Periods Ended December 31, 2012
One
Year
• • • • • • • •
Five
Years
Ten
Years
Final Value
of a $10,000
Investment
$21,255
Total Stock Market Index Fund
Investor Shares
16.25%
2.18%
7.83%
Spliced Total Stock Market Index
16.44
2.27
7.96
21,504
14.93
0.66
6.67
19,077
– – – – Multi-Cap Core Funds Average
For a benchmark description, see the Glossary.
Multi-Cap Core Funds Average: Derived from data provided by Lipper Inc.
One
Year
Five
Years
Ten
Years
Final Value
of a $10,000
Investment
Total Stock Market Index Fund Admiral
Shares
16.38%
2.29%
7.93%
$21,459
Spliced Total Stock Market Index
16.44
2.27
7.96
See Financial Highlights for dividend and capital gains information.
10
21,504
Total Stock Market Index Fund
Average Annual Total Returns
Periods Ended December 31, 2012
One
Year
Five
Years
Since
Inception
(9/1/2006)
Final Value
of a $10,000
Investment
Total Stock Market Index Fund Signal Shares
16.39%
2.29%
4.08%
$12,878
MSCI US Broad Market Index
16.44
2.27
4.08
12,878
"Since Inception" performance is calculated from the Signal Shares’ inception date for both the fund and its comparative standard.
One
Year
Five
Years
Ten
Years
Final Value
of a $5,000,000
Investment
$10,757,503
Total Stock Market Index Fund Institutional
Shares
16.42%
2.31%
7.96%
Spliced Total Stock Market Index
16.44
2.27
7.96
One
Year
Five
Years
10,751,938
Ten
Years
Final Value
of a $10,000
Investment
$21,465
Total Stock Market Index Fund
ETF Shares Net Asset Value
16.41%
2.29%
7.94%
Spliced Total Stock Market Index
16.44
2.27
7.96
21,504
Cumulative Returns of ETF Shares: December 31, 2002, Through December 31, 2012
Total Stock Market Index Fund ETF Shares
Market Price
One
Year
Five
Years
Ten
Years
16.45%
12.21%
114.71%
Total Stock Market Index Fund ETF Shares
Net Asset Value
16.41
12.00
114.65
Spliced Total Stock Market Index
16.44
11.90
115.04
11
Total Stock Market Index Fund
Fiscal-Year Total Returns (%): December 31, 2002, Through December 31, 2012
2003
31.35
2004
2005
2006
2007
2008
31.64
12.52
12.62
15.51
5.98
6.08
5.49
5.59
Total Stock Market Index Fund Investor Shares
Spliced Total Stock Market Index
For a benchmark description, see the Glossary.
2010
2011
2012
28.76
17.09
15.72
17.28
16.25
0.96
–37.04 –37.04
12
2009
28.70
1.08
16.44
Total Stock Market Index Fund
Financial Statements
Statement of Net Assets—Investments Summary
As of December 31, 2012
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the
fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more
than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount
within each category.
The fund reports a complete list of its holdings in regulatory filings four times in each fiscal year, at
the quarter-ends. For the second and fourth fiscal quarters, the complete listing of the fund’s holdings
is available electronically on vanguard.com and on the Securities and Exchange Commission’s website
(sec.gov), or you can have it mailed to you without charge by calling 800-662-7447. For the first and
third fiscal quarters, the fund files the lists with the SEC on Form N-Q. Shareholders can look up the
fund’s Forms N-Q on the SEC’s website. Forms N-Q may also be reviewed and copied at the SEC’s
Public Reference Room (see the back cover of this report for further information).
Shares
Market
ValueJ
($000)
Percentage
of Net
Assets
Common Stocks
Consumer Discretionary
Home Depot Inc.
* Amazon.com Inc.
McDonald’s Corp.
Comcast Corp. Class A
Walt Disney Co.
Consumer Discretionary—Other †
20,165,260
4,837,853
13,489,940
31,332,286
22,802,062
1,247,221
1,214,978
1,189,948
1,171,201
1,135,315
20,145,800
26,104,463
0.6%
0.6%
0.6%
0.5%
0.5%
9.6%
12.4%
Consumer Staples
Procter & Gamble Co.
Coca-Cola Co.
Philip Morris International Inc.
Wal-Mart Stores Inc.
PepsiCo Inc.
Altria Group Inc.
CVS Caremark Corp.
Consumer Staples—Other †
36,885,367
54,320,419
22,550,112
24,894,086
20,818,464
27,193,408
17,018,857
2,504,148
1,969,115
1,886,091
1,698,524
1,424,608
854,417
822,862
8,579,650
19,739,415
1.2%
0.9%
0.9%
0.8%
0.7%
0.4%
0.4%
4.1%
9.4%
Energy
Exxon Mobil Corp.
Chevron Corp.
Schlumberger Ltd.
ConocoPhillips
Occidental Petroleum Corp.
Energy—Other †
61,747,781
26,247,701
17,751,831
15,434,827
10,834,776
5,344,270
2,838,426
1,230,024
895,066
830,052
10,158,685
21,296,523
2.5%
1.4%
0.6%
0.4%
0.4%
4.8%
10.1%
67,127,253
50,816,174
144,163,960
39,228,055
2,294,409
2,234,387
1,672,302
1,551,862
1.1%
1.0%
0.8%
0.7%
Financials
Wells Fargo & Co.
JPMorgan Chase & Co.
Bank of America Corp.
Citigroup Inc.
13
Total Stock Market Index Fund
Market
ValueJ
($000)
Percentage
of Net
Assets
11,113,799
25,353,600
13,648,535
6,092,584
996,908
809,794
784,518
777,170
23,491,892
34,613,242
0.5%
0.4%
0.4%
0.4%
11.2%
16.5%
36,881,164
99,919,849
40,741,689
20,993,156
10,310,679
13,814,621
10,120,765
22,460,441
2,585,370
2,505,990
1,667,965
1,375,052
890,018
749,305
743,370
731,986
13,395,876
24,644,932
1.2%
1.2%
0.8%
0.7%
0.4%
0.4%
0.3%
0.3%
6.4%
11.7%
Industrials
General Electric Co.
United Technologies Corp.
3M Co.
Union Pacific Corp.
Caterpillar Inc.
Industrials—Other †
141,246,422
11,587,237
8,785,486
6,335,567
8,738,894
2,964,762
950,269
815,732
796,507
782,830
16,981,684
23,291,784
1.4%
0.4%
0.4%
0.4%
0.4%
8.1%
11.1%
Information Technology
Apple Inc.
International Business Machines Corp.
Microsoft Corp.
* GOOGLE Inc. Class A
Oracle Corp.
QUALCOMM Inc.
Cisco Systems Inc.
Intel Corp.
Visa Inc. Class A
* eBay Inc.
Information Technology—Other †
12,539,748
14,522,688
100,930,764
3,504,427
52,251,020
22,785,895
71,659,437
66,925,509
7,056,763
15,514,799
6,684,062
2,781,821
2,697,879
2,485,935
1,741,004
1,413,181
1,408,108
1,380,673
1,069,664
791,565
16,331,092
38,784,984
3.2%
1.3%
1.3%
1.2%
0.8%
0.7%
0.7%
0.6%
0.5%
0.4%
7.7%
18.4%
8,438,114
4.0%
2,601,479
1,649,006
1,389,233
5,639,718
1.2%
0.8%
0.7%
2.7%
7,166,611
3.4%
209,719,786
99.7%1
Shares
*
Berkshire Hathaway Inc. Class B
US Bancorp
American Express Co.
Goldman Sachs Group Inc.
Financials—Other †
Health Care
Johnson & Johnson
Pfizer Inc.
Merck & Co. Inc.
Abbott Laboratories
Amgen Inc.
UnitedHealth Group Inc.
* Gilead Sciences Inc.
Bristol-Myers Squibb Co.
Health Care—Other †
Materials †
Telecommunication Services
AT&T Inc.
Verizon Communications Inc.
Telecommunication Services—Other †
Utilities †
Total Common Stocks (Cost $175,465,722)
14
77,172,321
38,109,685
Total Stock Market Index Fund
Shares
Market
ValueJ
($000)
Percentage
of Net
Assets
0.162% 1,373,387,773
1,373,388
0.7%
Coupon
Temporary Cash Investments
Money Market Fund
2,3 Vanguard Market Liquidity Fund
4U.S.
Government and Agency Obligations †
Total Temporary Cash Investments (Cost $1,401,582)
5Total
Investments (Cost $176,867,304)
28,193
0.0%
1,401,581
0.7%1
211,121,367
100.4%
Other Assets and Liabilities
Other Assets4
Liabilities3
Net Assets
796,105
(1,547,815)
(751,710)
210,369,657
0.4%
(0.8%)
(0.4%)
100.0%
At December 31, 2012, net assets consisted of:
Amount
($000)
Paid-in Capital
Overdistributed Net Investment Income
Accumulated Net Realized Losses
Unrealized Appreciation (Depreciation)
Investment Securities
Futures Contracts
Swap Contracts
179,441,306
(126,046)
(3,207,164)
Net Assets
210,369,657
34,254,063
2,936
4,562
Investor Shares—Net Assets
Applicable to 2,214,586,389 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
Net Asset Value Per Share—Investor Shares
78,935,858
$35.64
Admiral Shares—Net Assets
Applicable to 1,676,470,055 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
Net Asset Value Per Share—Admiral Shares
59,771,467
$35.65
Signal Shares—Net Assets
Applicable to 233,231,420 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
Net Asset Value Per Share—Signal Shares
8,025,301
$34.41
15
Total Stock Market Index Fund
Amount
($000)
Institutional Shares—Net Assets
Applicable to 1,103,997,565 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
Net Asset Value Per Share—Institutional Shares
39,366,569
$35.66
ETF Shares—Net Assets
Applicable to 331,364,073 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
Net Asset Value Per Share—ETF Shares
24,270,462
$73.24
J See Note A in Notes to Financial Statements.
* Non-income-producing security.
† Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent
1% or less of net assets.
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 0.4%, 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 $450,537,000 of collateral received for securities on loan.
4 Securities with a value of $23,146,000 and cash of $18,200,000 have been segregated as initial margin for open futures contracts.
5 The total value of securities on loan is $428,331,000.
See accompanying Notes, which are an integral part of the Financial Statements.
16
Total Stock Market Index Fund
Statement of Operations
Year Ended
December 31, 2012
($000)
Investment Income
Income
Dividends
Interest1
Security Lending
Total Income
4,331,009
1,415
48,282
4,380,706
Expenses
The Vanguard Group—Note B
Investment Advisory Services
10,693
Management and Administrative—Investor Shares
100,648
Management and Administrative—Admiral Shares
15,294
Management and Administrative—Signal Shares
1,255
Management and Administrative—Institutional Shares
4,350
Management and Administrative—ETF Shares
3,599
Marketing and Distribution—Investor Shares
15,617
Marketing and Distribution—Admiral Shares
8,842
Marketing and Distribution—Signal Shares
1,874
Marketing and Distribution—Institutional Shares
9,421
Marketing and Distribution—ETF Shares
5,504
Custodian Fees
Auditing Fees
1,568
34
Shareholders’ Reports—Investor Shares
155
Shareholders’ Reports—Admiral Shares
122
Shareholders’ Reports—Signal Shares
Shareholders’ Reports—Institutional Shares
Shareholders’ Reports—ETF Shares
Trustees’ Fees and Expenses
Total Expenses
Net Investment Income
21
15
373
180
179,565
4,201,141
Realized Net Gain (Loss)
Investment Securities Sold
Futures Contracts
Swap Contracts
Realized Net Gain (Loss)
3,426,039
160,959
3,514
3,590,512
Change in Unrealized Appreciation (Depreciation)
Investment Securities
Futures Contracts
Swap Contracts
20,302,522
(11,798)
4,562
Change in Unrealized Appreciation (Depreciation)
20,295,286
Net Increase (Decrease) in Net Assets Resulting from Operations
28,086,939
1 Interest income from an affiliated company of the fund was $1,346,000.
See accompanying Notes, which are an integral part of the Financial Statements.
17
Total Stock Market Index Fund
Statement of Changes in Net Assets
Year Ended December 31,
2012
($000)
2011
($000)
Net Investment Income
4,201,141
2,992,139
Realized Net Gain (Loss)
3,590,512
484,380
Change in Unrealized Appreciation (Depreciation)
20,295,286
(1,776,715)
Net Increase (Decrease) in Net Assets Resulting from Operations
28,086,939
1,699,804
Investor Shares
(1,512,860)
(1,076,617)
Admiral Shares
(1,242,985)
(930,056)
Signal Shares
(162,769)
(112,466)
Institutional Shares
(803,059)
(512,854)
ETF Shares
(489,484)
(361,091)
Increase (Decrease) in Net Assets
Operations
Distributions
Net Investment Income
Realized Capital Gain
Investor Shares
—
—
Admiral Shares
—
—
Signal Shares
—
—
Institutional Shares
—
—
ETF Shares
Total Distributions
—
—
(4,211,157)
(2,993,084)
Capital Share Transactions
Investor Shares
7,341,080
6,917,197
Admiral Shares
3,306,885
2,744,955
Signal Shares
1,009,438
716,539
Institutional Shares
5,518,094
5,912,981
2,033,357
1,847,759
Net Increase (Decrease) from Capital Share Transactions
ETF Shares
19,208,854
18,139,431
Total Increase (Decrease)
43,084,636
16,846,151
Net Assets
Beginning of Period
167,285,021
150,438,870
End of Period1
210,369,657
167,285,021
1 Net Assets—End of Period includes undistributed (overdistributed) net investment income of ($126,046,000) and ($119,544,000).
See accompanying Notes, which are an integral part of the Financial Statements.
18
Total Stock Market Index Fund
Financial Highlights
Investor Shares
For a Share Outstanding
Throughout Each Period
Net Asset Value, Beginning of Period
Year Ended December 31,
2012
2011
2010
2009
2008
$31.29
$31.56
$27.45
$21.80
$35.36
Investment Operations
.720
.565
Net Realized and Unrealized Gain (Loss)
on Investments
Net Investment Income
.523
.514
.592
4.350
(.273)
4.117
5.651
(13.566)
Total from Investment Operations
5.070
.292
4.640
6.165
(12.974)
(.720)
(.562)
(.530)
(.515)
(.586)
Distributions
Dividends from Net Investment Income
Distributions from Realized Capital Gains
Total Distributions
—
—
(.720)
(.562)
—
(.530)
—
(.515)
—
(.586)
Net Asset Value, End of Period
$35.64
$31.29
$31.56
$27.45
$21.80
Total Return1
16.25%
0.96%
17.09%
28.70%
-37.04%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)
$78,936
$62,668
$56,063
$58,004
$39,440
Ratio of Total Expenses to
Average Net Assets
0.17%
0.17%
0.17%
0.18%
0.16%
Ratio of Net Investment Income to
Average Net Assets
2.11%
1.79%
1.85%
2.22%
2.04%
3%
5%
5%
5%
5%
Portfolio Turnover Rate2
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about
any applicable account service fees.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,
including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
19
Total Stock Market Index Fund
Financial Highlights
Admiral Shares
For a Share Outstanding
Throughout Each Period
Net Asset Value, Beginning of Period
Year Ended December 31,
2012
2011
2010
2009
2008
$31.30
$31.57
$27.45
$21.80
$35.36
Investment Operations
Net Investment Income
.761
.602
Net Realized and Unrealized Gain (Loss)
on Investments
.554
.539
.615
4.350
(.273)
4.127
5.650
(13.566)
Total from Investment Operations
5.111
.329
4.681
6.189
(12.951)
(.761)
(.599)
(.561)
(.539)
(.609)
Distributions
Dividends from Net Investment Income
Distributions from Realized Capital Gains
Total Distributions
—
—
(.761)
(.599)
—
(.561)
—
(.539)
—
(.609)
Net Asset Value, End of Period
$35.65
$31.30
$31.57
$27.45
$21.80
Total Return1
16.38%
1.08%
17.26%
28.83%
-36.99%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)
$59,771
$49,496
$47,190
$27,762
$18,781
Ratio of Total Expenses to
Average Net Assets
0.05%
0.05%
0.06%
0.07%
0.08%
Ratio of Net Investment Income to
Average Net Assets
2.23%
1.91%
1.96%
2.33%
2.12%
3%
5%
5%
5%
5%
Portfolio Turnover Rate2
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about
any applicable account service fees.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,
including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
20
Total Stock Market Index Fund
Financial Highlights
Signal Shares
For a Share Outstanding
Throughout Each Period
Net Asset Value, Beginning of Period
Year Ended December 31,
2012
2011
2010
2009
2008
$30.21
$30.47
$26.50
$21.04
$34.13
Investment Operations
.735
.581
Net Realized and Unrealized Gain (Loss)
on Investments
Net Investment Income
.535
.520
.595
4.200
(.262)
3.977
5.459
(13.096)
Total from Investment Operations
4.935
.319
4.512
5.979
(12.501)
(.735)
(.579)
(.542)
(.519)
(.589)
Distributions
Dividends from Net Investment Income
Distributions from Realized Capital Gains
Total Distributions
—
(.735)
—
(.579)
—
(.542)
—
(.519)
—
(.589)
Net Asset Value, End of Period
$34.41
$30.21
$30.47
$26.50
$21.04
Total Return
16.39%
1.09%
17.23%
28.85%
-36.99%
Net Assets, End of Period (Millions)
$8,025
$6,133
$5,471
$4,757
$3,717
Ratio of Total Expenses to
Average Net Assets
0.05%
0.05%
0.06%
0.07%
0.08%
Ratio of Net Investment Income to
Average Net Assets
2.23%
1.91%
1.96%
2.33%
2.12%
3%
5%
5%
5%
5%
Ratios/Supplemental Data
Portfolio Turnover Rate1
1 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,
including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
21
Total Stock Market Index Fund
Financial Highlights
Institutional Shares
For a Share Outstanding
Throughout Each Period
Net Asset Value, Beginning of Period
Year Ended December 31,
2012
2011
2010
2009
2008
$31.30
$31.57
$27.46
$21.81
$35.36
Investment Operations
.763
.603
Net Realized and Unrealized Gain (Loss)
on Investments
Net Investment Income
.558
.541
.624
4.359
(.272)
4.117
5.650
(13.557)
Total from Investment Operations
5.122
.331
4.675
6.191
(12.933)
(.762)
(.601)
(.565)
(.541)
(.617)
Distributions
Dividends from Net Investment Income
Distributions from Realized Capital Gains
Total Distributions
—
—
(.762)
(.601)
—
(.565)
—
(.541)
—
(.617)
Net Asset Value, End of Period
$35.66
$31.30
$31.57
$27.46
$21.81
Total Return
16.42%
1.09%
17.23%
28.83%
-36.94%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)
$39,367
$29,467
$23,785
$16,047
$10,782
Ratio of Total Expenses to
Average Net Assets
0.04%
0.04%
0.05%
0.06%
0.05%
Ratio of Net Investment Income to
Average Net Assets
2.24%
1.92%
1.97%
2.34%
2.15%
3%
5%
5%
5%
5%
Portfolio Turnover Rate1
1 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,
including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
22
Total Stock Market Index Fund
Financial Highlights
ETF Shares
For a Share Outstanding
Throughout Each Period
Net Asset Value, Beginning of Period
Year Ended December 31,
2012
2011
2010
2009
20081
$64.29
$64.86
$56.39
$44.78
$72.64
Investment Operations
Net Investment Income
Net Realized and Unrealized Gain (Loss)
on Investments
Total from Investment Operations
1.564
1.238
1.133
1.106
1.270
8.949
(.575)
8.485
11.611
(27.874)
10.513
.663
9.618
12.717
(26.604)
(1.563)
(1.233)
(1.148)
(1.107)
(1.256)
Distributions
Dividends from Net Investment Income
Distributions from Realized Capital Gains
Total Distributions
—
—
(1.563)
(1.233)
—
(1.148)
—
(1.107)
—
(1.256)
Net Asset Value, End of Period
$73.24
$64.29
$64.86
$56.39
$44.78
Total Return
16.41%
1.06%
17.26%
28.82%
-36.97%
Ratios/Supplemental Data
Net Assets, End of Period (Millions)
$24,270
$19,521
$17,930
$13,443
$9,199
Ratio of Total Expenses to
Average Net Assets
0.05%
0.05%
0.06%
0.07%
0.07%
Ratio of Net Investment Income to
Average Net Assets
2.23%
1.91%
1.96%
2.33%
2.13%
3%
5%
5%
5%
5%
Portfolio Turnover Rate2
1 Adjusted to reflect a 2-for-1 share split as of the close of business on June 13, 2008.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,
including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
23
Total Stock Market Index Fund
Notes to Financial Statements
Vanguard Total Stock Market Index Fund is registered under the Investment Company Act of 1940 as
an open-end investment company, or mutual fund. The fund offers five classes of shares: Investor
Shares, Admiral Shares, Signal Shares, Institutional Shares, and ETF Shares. Investor Shares are
available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares,
Signal Shares, and Institutional Shares are designed for investors who meet certain administrative,
service, and account-size criteria. ETF Shares are listed for trading on the NYSE Arca; they can be
purchased and sold through a broker.
A. The following significant accounting policies conform to generally accepted accounting principles
for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. 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.
2. 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 Statement of Net Assets. Fluctuations in the value of the
contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of
Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are
recorded as realized futures gains (losses).
During the year ended December 31, 2012, the fund’s average investment in futures contracts
represented less than 1% of net assets, based on quarterly average aggregate settlement values.
3. Swap Contracts: The fund has entered into an equity swap contract to earn the total return on a
selected reference stock in the fund’s target index. Under the terms of the swap, the fund receives
the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of
the selected reference stock and receiving the equivalent of any dividends in respect of the selected
referenced stock) over a specified period of time, applied to a notional amount that represents the
value of a designated number of shares of the selected reference stock at the beginning of the equity
24
Total Stock Market Index Fund
swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to
the notional amount. At the same time, the fund invests an amount approximating the notional
amount of the swap in high-quality temporary cash investments.
The notional amounts of swap contracts are not recorded in the Statement of Net Assets. Swaps
are valued daily based on market quotations received from independent pricing services or recognized
dealers and the change in value is recorded as unrealized appreciation (depreciation) until termination
of the swap, at which time realized gain (loss) is recorded. The primary risks associated with the
swaps are that a counterparty will default on its obligation to pay net amounts due to the fund, or
that the fund will incur fees in the event it terminates a swap prior to the scheduled termination date.
The fund’s maximum risk of loss from counterparty credit risk is the amount of unrealized appreciation
on the swap contract. The fund attempts to mitigate this risk by, among other things, performing
a credit analysis of counterparties, monitoring exposure to counterparties, and by requiring
counterparties to post collateral to secure such exposure. The swap contracts contain provisions
whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain
level, triggering a payment by the fund if the fund is in a net liability position at the time of the
termination. The payment amount would be reduced by any collateral the fund has posted. Any
securities posted as collateral for open contracts are noted in the Statement of Net Assets.
During the year ended December 31, 2012, the fund’s average investment in swap contracts
represented less than 1% of net assets, based on quarterly average notional amounts.
4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company
and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all
open federal income tax years (December 31, 2009–2012), and has concluded that no provision for
federal income tax is required in the fund’s financial statements.
5. Distributions: Distributions to shareholders are recorded on the ex-dividend date.
6. Security Lending: The fund may lend its securities to qualified institutional borrowers to earn
additional income. Security loans are required to be secured at all times by collateral at least equal to
the market value of securities loaned. The fund invests cash collateral received in Vanguard Market
Liquidity Fund, and records a liability for the return of the collateral, during the period the securities are
on loan. Security lending income represents fees charged to borrowers plus income earned on
investing cash collateral, less expenses associated with the loan.
7. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income
distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions
are accounted for on the date securities are bought or sold. Costs used to determine realized gains
(losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately
bears certain class-specific expenses related to maintenance of shareholder accounts (included in
Management and Administrative expenses) and shareholder reporting. Marketing and distribution
expenses are allocated to each class of shares based on a method approved by the board of trustees.
Income, other non-class-specific expenses, and gains and losses on investments are allocated to
each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management,
administrative, marketing, and distribution services. The costs of such services are allocated to the
fund under methods approved by the board of trustees. The fund has committed to provide up to
0.40% of its net assets in capital contributions to Vanguard. At December 31, 2012, the fund had
25
Total Stock Market Index Fund
contributed capital of $28,242,000 to Vanguard (included in Other Assets), representing 0.01% of the
fund’s net assets and 11.30% of Vanguard’s capitalization. The fund’s trustees and officers are also
directors and officers of Vanguard.
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 December 31, 2012,
based on the inputs used to value them:
Level 1
($000)
Investments
Common Stocks
Temporary Cash Investments
Futures Contracts—Assets1
Futures Contracts—Liabilities1
Swap Contracts—Assets
Total
Level 2
($000)
Level 3
($000)
209,719,137
135
514
1,373,388
28,193
—
12,661
—
—
(52)
—
—
—
4,562
—
211,105,134
32,890
514
1 Represents variation margin on the last day of the reporting period.
D. At December 31, 2012, the aggregate settlement value of open futures contracts and the related
unrealized appreciation (depreciation) were:
($000)
Aggregate
Settlement
Value
Long (Short)
Unrealized
Appreciation
(Depreciation)
Expiration
Number of
Long (Short)
Contracts
S&P 500 Index
March 2013
969
344,019
2,237
E-mini Russell 2000 Index
March 2013
957
81,020
580
E-mini S&P 500 Index
March 2013
900
63,904
267
S&P MidCap 400 Index
March 2013
280
28,507
(148)
Futures Contracts
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized
gain (loss) for tax purposes.
26
Total Stock Market Index Fund
At December 31, 2012, the fund had the following open swap contracts:
Reference Entity
SLM Corp
Termination
Date
Counterparty1
Notional
Amount
($000)
8/7/13
GSI
99,319
Floating
Interest Rate
Received
(Paid)
(0.565%)2
Unrealized
Appreciation
(Depreciation)
($000)
4,562
1 GSI—Goldman Sachs International.
2 Based on one-month London Interbank Offered Rate (LIBOR) as of the most recent payment date plus a 0.35% spread.
At December 31, 2012, the counterparty had deposited in segregated accounts securities with a value
of $3,051,000 in connection with amounts due to the fund for open swap contracts.
E. Distributions are determined on a tax basis and may differ from net investment income and
realized capital gains for financial reporting purposes. Differences may be permanent or temporary.
Permanent differences are reclassified among capital accounts in the financial statements to reflect
their tax character. Temporary differences arise when certain items of income, expense, gain, or loss
are recognized in different periods for financial statement and tax purposes; these differences will
reverse at some time in the future. Differences in classification may also result from the treatment of
short-term gains as ordinary income for tax purposes.
During the year ended December 31, 2012, the fund realized $2,520,489,000 of net capital gains
resulting from in-kind redemptions—in which shareholders exchanged fund shares for securities
held by the fund rather than for cash. Because such gains are not taxable to the fund, and are not
distributed to shareholders, they have been reclassified from accumulated net realized losses to
paid-in capital.
For tax purposes, at December 31, 2012, the fund had $48,233,000 of ordinary income
available for distribution. At December 31, 2012, the fund had available capital losses totaling
$3,200,440,000 to offset future net capital gains. Of this amount, $2,492,045,000 is subject to
expiration dates; $209,043,000 may be used to offset future net capital gains through December 31,
2013, $19,516,000 through December 31, 2015, and $2,263,486,000 through December 31, 2016.
Capital losses of $708,395,000 realized beginning in fiscal 2011 may be carried forward indefinitely
under the Regulated Investment Company Modernization Act of 2010, but must be used before any
expiring loss carryforwards.
At December 31, 2012, the cost of investment securities for tax purposes was $176,868,895,000.
Net unrealized appreciation of investment securities for tax purposes was $34,252,472,000,
consisting of unrealized gains of $48,476,493,000 on securities that had risen in value since their
purchase and $14,224,021,000 in unrealized losses on securities that had fallen in value since
their purchase.
F. During the year ended December 31, 2012, the fund purchased $30,237,841,000 of investment
securities and sold $10,597,709,000 of investment securities, other than temporary cash investments.
Purchases and sales include $4,870,345,000 and $4,576,905,000, respectively, in connection with
in-kind purchases and redemptions of the fund’s capital shares.
27
Total Stock Market Index Fund
G. Capital share transactions for each class of shares were:
Year Ended December 31,
2012
2011
Amount
($000)
Shares
(000)
Amount
($000)
Shares
(000)
12,856,470
373,964
16,700,555
536,511
1,505,142
42,800
1,071,344
34,743
(7,020,532)
(204,981)
(10,854,702)
(344,650)
7,341,080
211,783
6,917,197
226,604
Issued
8,578,164
247,996
8,084,176
253,721
Issued in Lieu of Cash Distributions
1,101,786
31,338
826,433
26,772
Redeemed
(6,373,065)
(184,355)
(6,165,654)
(193,779)
Net Increase (Decrease)—Admiral Shares
3,306,885
94,979
2,744,955
86,714
2,907,524
87,545
2,633,369
85,460
146,081
4,303
102,303
3,435
Redeemed
(2,044,167)
(61,646)
(2,019,133)
(65,415)
Net Increase (Decrease)—Signal Shares
1,009,438
30,202
716,539
23,480
10,170,383
297,546
9,084,531
288,069
749,004
21,306
476,976
15,485
(5,401,293)
(156,276)
(3,648,526)
(115,440)
5,518,094
162,576
5,912,981
188,114
4,671,146
65,833
5,163,728
78,663
—
—
—
—
Redeemed
(2,637,789)
(38,100)
(3,315,969)
(51,500)
Net Increase (Decrease)—ETF Shares
2,033,357
27,733
1,847,759
27,163
Investor Shares
Issued
Issued in Lieu of Cash Distributions
Redeemed
Net Increase (Decrease)—Investor Shares
Admiral Shares
Signal Shares
Issued
Issued in Lieu of Cash Distributions
Institutional Shares
Issued
Issued in Lieu of Cash Distributions
Redeemed
Net Increase (Decrease)—Institutional Shares
ETF Shares
Issued
Issued in Lieu of Cash Distributions
H. In preparing the financial statements as of December 31, 2012, management considered the
impact of subsequent events for potential recognition or disclosure in these financial statements.
On October 2, 2012, Vanguard announced an upcoming change in the fund’s benchmark index from
the MSCI US Broad Market Index to the CRSP US Total Market Index. The fund’s investment
objective is not changing. The transition to the new benchmark is expected to be completed over
several months, and will require some turnover of holdings with resulting transaction costs. Vanguard
will seek to minimize trading impact through efficient portfolio trading.
28
Report of Independent Registered
Public Accounting Firm
To the Trustees of Vanguard Index Funds and the Shareholders of Vanguard Total Stock Market
Index Fund:
In our opinion, the statement of net assets–investments summary and the related statements of
operations and of changes in net assets and the financial highlights present fairly, in all material
respects, the financial position of Vanguard Total Stock Market Index Fund (constituting a separate
portfolio of Vanguard Index Funds, hereafter referred to as the “Fund”) at December 31, 2012, the
results of its operations for the year then ended, the changes in its net assets for each of the two
years in the period then ended and the financial highlights for each of the five years in the period then
ended, in conformity with accounting principles generally accepted in the United States of America.
These financial statements and financial highlights (hereafter referred to as “financial statements”) are
the responsibility of the Fund’s management; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these financial statements in
accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits, which included confirmation of
securities at December 31, 2012 by correspondence with the custodian and brokers and by agreement
to the underlying ownership records of the transfer agent, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
February 11, 2013
Special 2012 tax information (unaudited) for Vanguard Total Stock Market Index Fund
This information for the fiscal year ended December 31, 2012, is included pursuant to provisions of the
Internal Revenue Code.
The fund distributed $4,211,157,000 of qualified dividend income to shareholders during the
fiscal year.
For corporate shareholders, 93.5% of investment income (dividend income plus short-term gains, if
any) qualifies for the dividends-received deduction.
29
Your Fund’s After-Tax Returns
This table presents returns for your fund both before and after taxes. The after-tax returns are shown
in two ways: (1) assuming that an investor owned the fund during the entire period and paid taxes
on the fund’s distributions, and (2) assuming that an investor paid taxes on the fund’s distributions
and sold all shares at the end of each period.
Calculations are based on the highest individual federal income tax and capital gains tax rates in
effect at the times of the distributions and the hypothetical sales. State and local taxes were not
considered. After-tax returns reflect any qualified dividend income. (In the example, returns after the
sale of fund shares may be higher than those assuming no sale. This occurs when the sale would
have produced a capital loss. The calculation assumes that the investor received a tax deduction for
the loss.)
The table shows returns for Investor Shares only; returns for other share classes will differ. Please
note that your actual after-tax returns will depend on your tax situation and may differ from those
shown. Also note that if you own the fund in a tax-deferred account, such as an individual retirement
account or a 401(k) plan, this information does not apply to you. Such accounts are not subject to
current taxes.
Finally, keep in mind that a fund’s performance—whether before or after taxes—does not guarantee
future results.
Average Annual Total Returns: Total Stock Market Index Fund Investor Shares
Periods Ended December 31, 2012
30
One
Year
Five
Years
Ten
Years
Returns Before Taxes
16.25%
2.18%
7.83%
Returns After Taxes on Distributions
15.90
1.87
7.54
Returns After Taxes on Distributions and Sale of Fund Shares
11.02
1.80
6.88
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management,
administrative services, and shareholder reports (like this one), among others. Operating expenses,
which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the
expense ratio. The following examples are intended to help you understand the ongoing costs (in
dollars) of investing in your fund and to compare these costs with those of other mutual funds. The
examples are based on an investment of $1,000 made at the beginning of the period shown and held
for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid
over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the
third column shows the dollar amount that would have been paid by an investor who started with
$1,000 in the fund. You may use the information here, together with the amount you invested, to
estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by
$1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses
Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s
costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before
expenses, but that the expense ratio is unchanged. In this case—because the return used is not the
fund’s actual return—the results do not apply to your investment. The example is useful in making
comparisons because the Securities and Exchange Commission requires all mutual funds to calculate
expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical
example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing
costs only and do not reflect transaction costs incurred by the fund for buying and selling securities.
Further, the expenses do not include any purchase, redemption, or account service fees described in
the fund prospectus. If such fees were applied to your account, your costs would be higher. Your
fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may
have been higher or lower, depending on the amount of your investment and the timing of any
purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the
Financial Statements section of this report. For additional information on operating expenses and
other shareholder costs, please refer to your fund’s current prospectus.
31
Six Months Ended December 31, 2012
Beginning
Account Value
6/30/2012
Ending
Account Value
12/31/2012
Expenses
Paid During
Period
Investor Shares
$1,000.00
$1,063.68
$0.88
Admiral Shares
1,000.00
1,064.24
0.26
Signal Shares
1,000.00
1,064.31
0.26
Institutional Shares
1,000.00
1,064.57
0.21
ETF Shares
1,000.00
1,064.31
0.26
Investor Shares
$1,000.00
$1,024.35
$0.87
Admiral Shares
1,000.00
1,024.95
0.26
Signal Shares
1,000.00
1,024.95
0.26
Institutional Shares
1,000.00
1,025.00
0.20
ETF Shares
1,000.00
1,024.95
0.26
Total Stock Market Index Fund
Based on Actual Fund Return
Based on Hypothetical 5% Yearly Return
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that
period are: 0.17% for Investor Shares, 0.05% for Admiral Shares, 0.05% for Signal Shares, 0.04% for Institutional Shares, and 0.05% for ETF
Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over
the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent
12-month period.
32
Glossary
30-Day SEC Yield. A fund’s 30-day SEC yield is derived using a formula specified by the U.S.
Securities and Exchange Commission. Under the formula, data related to the fund’s security
holdings in the previous 30 days are used to calculate the fund’s hypothetical net income for that
period, which is then annualized and divided by the fund’s estimated average net assets over the
calculation period. For the purposes of this calculation, a security’s income is based on its current
market yield to maturity (for bonds), its actual income (for asset-backed securities), or its projected
dividend yield (for stocks). Because the SEC yield represents hypothetical annualized income, it will
differ—at times significantly—from the fund’s actual experience. As a result, the fund’s income
distributions may be higher or lower than implied by the SEC yield.
Beta. A measure of the magnitude of a fund’s past share-price fluctuations in relation to the ups and
downs of a given market index. The index is assigned a beta of 1.00. Compared with a given index,
a fund with a beta of 1.20 typically would have seen its share price rise or fall by 12% when the
index rose or fell by 10%. For this report, beta is based on returns over the past 36 months for both
the fund and the index. Note that a fund’s beta should be reviewed in conjunction with its R-squared
(see definition). The lower the R-squared, the less correlation there is between the fund and the
index, and the less reliable beta is as an indicator of volatility.
Dividend Yield. Dividend income earned by stocks, expressed as a percentage of the aggregate
market value (or of net asset value, for a fund). The yield is determined by dividing the amount of the
annual dividends by the aggregate value (or net asset value) at the end of the period. For a fund, the
dividend yield is based solely on stock holdings and does not include any income produced by other
investments.
Earnings Growth Rate. The average annual rate of growth in earnings over the past five years for
the stocks now in a fund.
Equity Exposure. A measure that reflects a fund’s investments in stocks and stock futures. Any
holdings in short-term reserves are excluded.
Expense Ratio. A fund’s total annual operating expenses expressed as a percentage of the fund’s
average net assets. The expense ratio includes management and administrative expenses, but does
not include the transaction costs of buying and selling portfolio securities.
Foreign Holdings. The percentage of a fund represented by securities or depositary receipts of
companies based outside the United States.
Inception Date. The date on which the assets of a fund (or one of its share classes) are first
invested in accordance with the fund’s investment objective. For funds with a subscription period,
the inception date is the day after that period ends. Investment performance is measured from the
inception date.
Median Market Cap. An indicator of the size of companies in which a fund invests; the midpoint of
market capitalization (market price x shares outstanding) of a fund’s stocks, weighted by the
proportion of the fund’s assets invested in each stock. Stocks representing half of the fund’s assets
have market capitalizations above the median, and the rest are below it.
Price/Book Ratio. The share price of a stock divided by its net worth, or book value, per share. For a
fund, the weighted average price/book ratio of the stocks it holds.
33
Price/Earnings Ratio. The ratio of a stock’s current price to its per-share earnings over the past
year. For a fund, the weighted average P/E of the stocks it holds. P/E is an indicator of market
expectations about corporate prospects; the higher the P/E, the greater the expectations for a
company’s future growth.
R-Squared. A measure of how much of a fund’s past returns can be explained by the returns from
the market in general, as measured by a given index. If a fund’s total returns were precisely
synchronized with an index’s returns, its R-squared would be 1.00. If the fund’s returns bore no
relationship to the index’s returns, its R-squared would be 0. For this report, R-squared is based on
returns over the past 36 months for both the fund and the index.
Return on Equity. The annual average rate of return generated by a company during the past five
years for each dollar of shareholder’s equity (net income divided by shareholder’s equity). For a fund,
the weighted average return on equity for the companies whose stocks it holds.
Short-Term Reserves. The percentage of a fund invested in highly liquid, short-term securities that
can be readily converted to cash.
Turnover Rate. An indication of the fund’s trading activity. Funds with high turnover rates incur
higher transaction costs and may be more likely to distribute capital gains (which may be taxable to
investors). The turnover rate excludes in-kind transactions, which have minimal impact on costs.
Benchmark Information
Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI
US Broad Market Index thereafter.
34
The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best
interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on
the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and
provides services to them on an at-cost basis.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with
Vanguard or the funds they oversee, apart from the sizable personal investments they have made as
private individuals. The independent board members have distinguished backgrounds in business,
academia, and public service. Each of the trustees and executive officers oversees 180 Vanguard funds.
The following table provides information for each trustee and executive officer of the fund. More
information about the trustees is in the Statement of Additional Information, which can be obtained,
without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
F. William McNabb III
Born 1957. Trustee Since July 2009. Chairman of the
Board. Principal Occupation(s) During the Past Five
Years: Chairman of the Board of The Vanguard Group,
Inc., and of each of the investment companies served
by The Vanguard Group, since January 2010; Director
of The Vanguard Group since 2008; Chief Executive
Officer and President of The Vanguard Group and of
each of the investment companies served by The
Vanguard Group since 2008; Director of Vanguard
Marketing Corporation; Managing Director of The
Vanguard Group (1995–2008).
Independent Trustees
Emerson U. Fullwood
Born 1948. Trustee Since January 2008. Principal
Occupation(s) During the Past Five Years: Executive
Chief Staff and Marketing Officer for North America
and Corporate Vice President (retired 2008) of Xerox
Corporation (document management products and
services); Executive in Residence and 2010
Distinguished Minett Professor at the Rochester
Institute of Technology; Director of SPX Corporation
(multi-industry manufacturing), the United Way of
Rochester, Amerigroup Corporation (managed health
care), the University of Rochester Medical Center,
Monroe Community College Foundation, and North
Carolina A&T University.
Rajiv L. Gupta
Born 1945. Trustee Since December 2001. 2
Principal Occupation(s) During the Past Five Years:
Chairman and Chief Executive Officer (retired 2009)
and President (2006–2008) of Rohm and Haas Co.
(chemicals); Director of Tyco International, Ltd.
(diversified manufacturing and services), HewlettPackard Co. (electronic computer manufacturing),
and Delphi Automotive LLP (automotive components);
Senior Advisor at New Mountain Capital; Trustee of
The Conference Board.
Amy Gutmann
Born 1949. Trustee Since June 2006. Principal
Occupation(s) During the Past Five Years: President
of the University of Pennsylvania; Christopher H.
Browne Distinguished Professor of Political Science
in the School of Arts and Sciences with secondary
appointments at the Annenberg School for
Communication and the Graduate School of Education
of the University of Pennsylvania; Member of the
National Commission on the Humanities and Social
Sciences; Trustee of Carnegie Corporation of New
York and of the National Constitution Center; Chair
of the U.S. Presidential Commission for the Study
of Bioethical Issues.
JoAnn Heffernan Heisen
Born 1950. Trustee Since July 1998. Principal
Occupation(s) During the Past Five Years: Corporate
Vice President and Chief Global Diversity Officer
(retired 2008) and Member of the Executive
Committee (1997–2008) of Johnson & Johnson
(pharmaceuticals/medical devices/consumer
products); Director of Skytop Lodge Corporation
(hotels), the University Medical Center at Princeton,
the Robert Wood Johnson Foundation, and the Center
for Talent Innovation; Member of the Advisory Board
of the Maxwell School of Citizenship and Public Affairs
at Syracuse University.
F. Joseph Loughrey
Born 1949. Trustee Since October 2009. Principal
Occupation(s) During the Past Five Years: President
and Chief Operating Officer (retired 2009) of Cummins
Inc. (industrial machinery); Director of SKF AB
(industrial machinery), Hillenbrand, Inc. (specialized
consumer services), the Lumina Foundation for
Education, and Oxfam America; Chairman of the
Advisory Council for the College of Arts and Letters
and Member of the Advisory Board to the Kellogg
Institute for International Studies at the University
of Notre Dame.
Mark Loughridge
Born 1953. Trustee Since March 2012. Principal
Occupation(s) During the Past Five Years: Senior Vice
President and Chief Financial Officer at IBM (information
technology services); Fiduciary Member of IBM’s
Retirement Plan Committee.
Scott C. Malpass
Born 1962. Trustee Since March 2012. Principal
Occupation(s) During the Past Five Years: Chief
Investment Officer and Vice President at the University
of Notre Dame; Assistant Professor of Finance at the
Mendoza College of Business at Notre Dame; Member
of the Notre Dame 403(b) Investment Committee;
Director of TIFF Advisory Services, Inc. (investment
advisor); Member of the Investment Advisory
Committees of the Financial Industry Regulatory
Authority (FINRA) and of Major League Baseball.
André F. Perold
Born 1952. Trustee Since December 2004. Principal
Occupation(s) During the Past Five Years: George
Gund Professor of Finance and Banking at the Harvard
Business School (retired 2011); Chief Investment
Officer and Managing Partner of HighVista Strategies
LLC (private investment firm); Director of Rand
Merchant Bank; Overseer of the Museum of Fine
Arts Boston.
Alfred M. Rankin, Jr.
Born 1941. Trustee Since January 1993. Principal
Occupation(s) During the Past Five Years: Chairman,
President, and Chief Executive Officer of NACCO
Industries, Inc. (forklift trucks/housewares/lignite);
Director of Goodrich Corporation (industrial products/
aircraft systems and services) and the National
Association of Manufacturers; Chairman of the Board
of the Federal Reserve Bank of Cleveland and of
University Hospitals of Cleveland; Advisory Chairman
of the Board of The Cleveland Museum of Art.
Peter F. Volanakis
Born 1955. Trustee Since July 2009. Principal
Occupation(s) During the Past Five Years: President
and Chief Operating Officer (retired 2010) of Corning
Incorporated (communications equipment); Director
of SPX Corporation (multi -industry manufacturing);
Overseer of the Amos Tuck School of Business
Administration at Dartmouth College; Advisor to the
Norris Cotton Cancer Center.
Executive Officers
Glenn Booraem
Born 1967. Controller Since July 2010. Principal
Occupation(s) During the Past Five Years: Principal
of The Vanguard Group, Inc.; Controller of each of
the investment companies served by The Vanguard
Group; Assistant Controller of each of the investment
companies served by The Vanguard Group (2001–2010).
Thomas J. Higgins
Born 1957. Chief Financial Officer Since September
2008. Principal Occupation(s) During the Past Five
Years: Principal of The Vanguard Group, Inc.; Chief
Financial Officer of each of the investment companies
served by The Vanguard Group; Treasurer of each of
the investment companies served by The Vanguard
Group (1998–2008).
Kathryn J. Hyatt
Born 1955. Treasurer Since November 2008. Principal
Occupation(s) During the Past Five Years: Principal of
The Vanguard Group, Inc.; Treasurer of each of the
investment companies served by The Vanguard
Group; Assistant Treasurer of each of the investment
companies served by The Vanguard Group (1988–2008).
Heidi Stam
Born 1956. Secretary Since July 2005. Principal
Occupation(s) During the Past Five Years: Managing
Director of The Vanguard Group, Inc.; General Counsel
of The Vanguard Group; Secretary of The Vanguard
Group and of each of the investment companies
served by The Vanguard Group; Director and Senior
Vice President of Vanguard Marketing Corporation.
Vanguard Senior Management Team
Mortimer J. Buckley
Kathleen C. Gubanich
Paul A. Heller
Martha G. King
Chris D. McIsaac
Michael S. Miller
James M. Norris
Glenn W. Reed
George U. Sauter
Chairman Emeritus and Senior Advisor
John J. Brennan
Chairman, 1996–2009
Chief Executive Officer and President, 1996–2008
Founder
John C. Bogle
Chairman and Chief Executive Officer, 1974–1996
1 Mr. McNabb is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the
Vanguard funds.
2 December 2002 for Vanguard Equity Income Fund, Vanguard Growth Equity Fund, the Vanguard Municipal Bond Funds, and the Vanguard
State Tax-Exempt Funds.
P.O. Box 2600
Valley Forge, PA 19482-2600
Connect with Vanguard® > vanguard.com
Fund Information > 800-662-7447
Direct Investor Account Services > 800-662-2739
Institutional Investor Services > 800-523-1036
Text Telephone for People
With Hearing Impairment > 800-749-7273
This material may be used in conjunction
with the offering of shares of any Vanguard
fund only if preceded or accompanied by
the fund’s current prospectus.
The funds or securities referred to herein are not
sponsored, endorsed, or promoted by MSCI, and MSCI
bears no liability with respect to any such funds or
securities. The prospectus or the Statement of
Additional Information contains a more detailed
description of the limited relationship MSCI has with
Vanguard and any related funds.
All comparative mutual fund data are from Lipper Inc. or
Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting
guidelines by visiting vanguard.com/proxyreporting or by
calling Vanguard at 800-662-2739. The guidelines are
also available from the SEC’s website, sec.gov. In
addition, you may obtain a free report on how your fund
voted the proxies for securities it owned during the 12
months ended June 30. To get the report, visit either
vanguard.com/proxyreporting or sec.gov.
You can review and copy information about your fund at
the SEC’s Public Reference Room in Washington, D.C. To
find out more about this public service, call the SEC at
202-551-8090. Information about your fund is also
available on the SEC’s website, and you can receive
copies of this information, for a fee, by sending a
request in either of two ways: via e-mail addressed to
[email protected] or via regular mail addressed to the
Public Reference Section, Securities and Exchange
Commission, Washington, DC 20549-1520.
© 2013 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Q850 022013
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
20,165,260
4,837,853
13,489,940
31,332,286
22,802,062
26,430,260
47,568,610
12,693,903
15,741,086
10,166,685
9,738,091
8,322,480
8,398,847
9,846,893
666,518
6,097,976
4,098,333
6,199,477
7,983,840
10,474,011
9,148,722
5,504,220
5,981,942
3,815,035
5,384,564
3,373,437
1,176,127
3,553,274
3,109,931
4,677,396
4,560,697
3,017,672
1,394,790
450,697
4,104,808
3,514,778
3,264,814
2,625,567
3,045,603
51,225,620
1,588,844
6,883,973
2,072,603
4,177,253
3,450,529
2,976,944
423,368
3,411,355
3,078,005
1,948,970
1,074,679
806,113
1,834,214
2,148,690
3,051,436
1,529,219
1,036,195
940,632
9,127,530
2,835,728
1,346,553
1,247,221
1,214,978
1,189,948
1,171,201
1,135,315
675,029
616,013
607,149
559,123
545,138
502,485
492,441
421,286
418,001
414,041
404,906
398,317
326,960
303,785
301,966
280,866
254,075
219,956
211,773
210,106
184,426
177,560
177,522
173,876
168,152
167,013
163,407
161,810
159,741
157,009
154,967
153,642
150,603
148,747
148,042
142,074
135,477
131,776
129,662
128,601
127,949
125,935
125,367
124,844
123,721
120,891
120,852
115,537
114,955
114,551
109,523
105,433
104,420
104,054
103,220
102,648
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Common Stocks (99.7%)1
Consumer Discretionary (12.4%)
Home Depot Inc.
*
Amazon.com Inc.
McDonald's Corp.
Comcast Corp. Class A
Walt Disney Co.
News Corp. Class A
Ford Motor Co.
Time Warner Inc.
Lowe's Cos. Inc.
Starbucks Corp.
NIKE Inc. Class B
Target Corp.
*
DIRECTV
TJX Cos. Inc.
*
priceline.com Inc.
Yum! Brands Inc.
Time Warner Cable Inc.
Viacom Inc. Class B
CBS Corp. Class B
*
General Motors Co.
Johnson Controls Inc.
Las Vegas Sands Corp.
Carnival Corp.
Coach Inc.
Macy's Inc.
McGraw-Hill Cos. Inc.
VF Corp.
Omnicom Group Inc.
*
Bed Bath & Beyond Inc.
Comcast Corp.
Mattel Inc.
Ross Stores Inc.
*
Liberty Media Corp. - Liberty Capital Class A
*
AutoZone Inc.
*
Delphi Automotive plc
*
Dollar General Corp.
Limited Brands Inc.
Starwood Hotels & Resorts Worldwide Inc.
Harley-Davidson Inc.
Sirius XM Radio Inc.
*
O'Reilly Automotive Inc.
*
Liberty Interactive Corp. Class A
Genuine Parts Co.
Gap Inc.
Marriott International Inc. Class A
Kohl's Corp.
*
Chipotle Mexican Grill Inc. Class A
^
Virgin Media Inc.
*
Dollar Tree Inc.
*
Discovery Communications Inc. Class A
Wynn Resorts Ltd.
Ralph Lauren Corp. Class A
*
Liberty Global Inc. Class A
Nordstrom Inc.
*
CarMax Inc.
*
BorgWarner Inc.
Whirlpool Corp.
PVH Corp.
Staples Inc.
DISH Network Corp. Class A
*
Lululemon Athletica Inc.
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,900,024
1,445,636
1,692,267
1,510,888
3,859,293
1,275,029
1,327,418
4,615,377
947,361
3,959,315
1,315,290
799,689
1,714,881
3,843,073
1,386,183
1,266,902
870,155
1,862,729
980,661
783,641
3,625,242
1,149,251
704,941
2,022,705
2,025,295
695,701
5,854,221
1,892,498
1,563,636
1,472,459
1,316,948
1,549,908
65,345
377,570
1,288,658
1,080,812
4,903,895
2,406,055
1,567,377
3,103,428
1,103,392
1,013,776
1,194,360
1,878,548
1,049,328
3,568,432
2,364,143
744,977
1,409,597
1,304,128
3,860,107
3,272,388
1,327,698
2,190,252
870,535
1,663,489
539,086
2,216,917
914,152
2,868,849
544,480
2,576,428
668,153
1,932,894
101,100
98,795
97,035
88,765
85,946
85,924
84,172
83,815
83,709
83,542
80,825
78,577
77,290
76,016
74,313
74,114
73,224
72,032
70,951
70,896
67,321
66,565
65,404
65,394
65,052
64,770
64,514
64,345
63,828
61,784
61,686
61,004
60,117
59,969
58,621
57,715
57,081
56,711
56,269
55,893
52,930
52,412
52,277
51,134
50,924
50,565
48,489
47,753
46,770
46,714
45,742
45,192
44,186
43,170
42,752
41,737
41,100
40,924
40,808
39,619
38,968
38,492
37,183
36,377
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
*
*
^
*
^
*
*
*
Wyndham Worldwide Corp.
PetSmart Inc.
Tiffany & Co.
Liberty Global Inc.
Newell Rubbermaid Inc.
Autoliv Inc.
Family Dollar Stores Inc.
PulteGroup Inc.
Tractor Supply Co.
LKQ Corp.
Expedia Inc.
Ulta Salon Cosmetics & Fragrance Inc.
Darden Restaurants Inc.
DR Horton Inc.
TRW Automotive Holdings Corp.
Discovery Communications Inc.
Polaris Industries Inc.
Lennar Corp. Class A
Advance Auto Parts Inc.
Mohawk Industries Inc.
H&R Block Inc.
Scripps Networks Interactive Inc. Class A
Netflix Inc.
Toll Brothers Inc.
Foot Locker Inc.
Fossil Inc.
Interpublic Group of Cos. Inc.
Royal Caribbean Cruises Ltd.
Garmin Ltd.
TripAdvisor Inc.
Lear Corp.
Urban Outfitters Inc.
NVR Inc.
Panera Bread Co. Class A
Dick's Sporting Goods Inc.
Signet Jewelers Ltd.
MGM Resorts International
Sally Beauty Holdings Inc.
Hasbro Inc.
Gannett Co. Inc.
Abercrombie & Fitch Co.
Jarden Corp.
Williams-Sonoma Inc.
Leggett & Platt Inc.
Under Armour Inc. Class A
International Game Technology
American Eagle Outfitters Inc.
Tupperware Brands Corp.
Dunkin' Brands Group Inc.
Hanesbrands Inc.
Best Buy Co. Inc.
Goodyear Tire & Rubber Co.
GNC Holdings Inc. Class A
JC Penney Co. Inc.
Penn National Gaming Inc.
GameStop Corp. Class A
Charter Communications Inc. Class A
Chico's FAS Inc.
Harman International Industries Inc.
Service Corp. International
Warnaco Group Inc.
Cablevision Systems Corp. Class A
Carter's Inc.
Gentex Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,376,754
787,727
1,194,503
699,863
633,907
536,587
835,489
1,741,530
384,351
724,657
465,349
993,718
1,970,232
901,702
532,818
444,298
1,352,157
801,103
825,682
552,119
958,203
785,637
652,694
627,164
1,301,095
480,134
569,349
603,824
792,179
873,607
637,184
613,260
551,123
63,228
599,115
679,527
897,401
643,615
418,135
593,634
934,611
326,257
495,392
355,431
506,192
643,147
788,568
542,054
370,208
482,331
3,913,384
831,296
1,503,338
787,138
710,126
348,955
3,905,122
281,786
600,458
247,457
325,860
288,310
1,888,294
1,196,697
35,768
34,936
34,748
34,643
34,117
32,839
32,375
32,201
32,197
31,559
31,532
30,795
30,755
30,315
29,348
29,186
28,287
28,127
27,966
27,170
27,098
26,994
26,747
26,542
26,022
25,970
25,456
25,210
24,946
24,863
24,806
23,653
23,296
23,091
22,425
22,234
22,022
21,780
21,747
21,668
20,861
20,499
20,489
20,388
20,384
20,040
19,998
19,926
19,384
19,149
19,097
18,796
18,717
18,679
18,584
18,390
18,354
18,108
18,068
18,020
17,922
17,872
17,580
17,220
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Cinemark Holdings Inc.
Madison Square Garden Co. Class A
Brunswick Corp.
AMC Networks Inc. Class A
Visteon Corp.
Six Flags Entertainment Corp.
Lamar Advertising Co. Class A
Ascena Retail Group Inc.
Dillard's Inc. Class A
Domino's Pizza Inc.
Liberty Ventures Class A
Brinker International Inc.
Dana Holding Corp.
Sotheby's
HSN Inc.
DSW Inc. Class A
Apollo Group Inc. Class A
Tenneco Inc.
Tesla Motors Inc.
Life Time Fitness Inc.
Aaron's Inc.
Rent-A-Center Inc.
Wolverine World Wide Inc.
Pool Corp.
Pier 1 Imports Inc.
Vail Resorts Inc.
Bally Technologies Inc.
Cabela's Inc.
Tempur-Pedic International Inc.
Big Lots Inc.
John Wiley & Sons Inc. Class A
Hyatt Hotels Corp. Class A
Steven Madden Ltd.
Washington Post Co. Class B
Thor Industries Inc.
Cheesecake Factory Inc.
Guess? Inc.
ANN Inc.
Coinstar Inc.
Ryland Group Inc.
Iconix Brand Group Inc.
Morningstar Inc.
Sears Holdings Corp.
Vitamin Shoppe Inc.
Deckers Outdoor Corp.
Men's Wearhouse Inc.
Cooper Tire & Rubber Co.
MDC Holdings Inc.
Weight Watchers International Inc.
AutoNation Inc.
Groupon Inc.
Hillenbrand Inc.
Fifth & Pacific Cos. Inc.
DeVry Inc.
Select Comfort Corp.
Hibbett Sports Inc.
Wendy's Co.
Cracker Barrel Old Country Store Inc.
Penske Automotive Group Inc.
Buffalo Wild Wings Inc.
Genesco Inc.
Group 1 Automotive Inc.
Live Nation Entertainment Inc.
Crocs Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
383,902
449,146
477,923
350,365
307,782
565,361
1,137,841
371,433
958,843
1,472,968
383,367
927,674
930,740
1,005,138
1,292,449
583,923
1,764,502
926,391
319,356
838,810
1,076,212
253,307
206,482
391,030
454,565
383,780
398,144
826,726
759,661
381,735
670,043
723,112
1,691,001
3,786,300
290,752
1,083,799
460,407
371,715
368,951
502,567
255,682
436,844
1,150,028
168,697
449,566
360,691
293,586
333,851
732,541
943,064
571,806
354,383
735,819
491,849
388,759
487,329
523,047
161,027
362,613
690,909
478,042
438,068
348,450
178,474
17,137
16,776
16,464
16,355
16,260
16,169
15,873
15,816
15,725
15,481
15,411
15,372
15,301
15,168
15,109
15,054
15,051
14,637
14,144
14,092
14,002
13,917
13,834
13,674
13,578
13,563
13,294
13,087
12,853
12,834
12,684
12,654
12,429
12,419
12,116
11,987
11,952
11,906
11,843
11,795
11,608
11,463
11,224
11,210
11,140
11,066
10,986
10,984
10,622
10,562
10,504
10,476
10,397
10,255
10,201
10,180
10,142
9,974
9,946
9,776
9,762
9,637
9,624
9,523
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
Buckle Inc.
Meritage Homes Corp.
Meredith Corp.
Arbitron Inc.
Lumber Liquidators Holdings Inc.
Jack in the Box Inc.
Regal Entertainment Group Class A
Jos A Bank Clothiers Inc.
Lions Gate Entertainment Corp.
Saks Inc.
Bob Evans Farms Inc.
DreamWorks Animation SKG Inc. Class A
Burger King Worldwide Inc.
Express Inc.
Orient-Express Hotels Ltd. Class A
Valassis Communications Inc.
New York Times Co. Class A
KB Home
Children's Place Retail Stores Inc.
Texas Roadhouse Inc. Class A
Aeropostale Inc.
Papa John's International Inc.
DineEquity Inc.
Monro Muffler Brake Inc.
Shutterfly Inc.
Dorman Products Inc.
Helen of Troy Ltd.
Pinnacle Entertainment Inc.
Regis Corp.
Choice Hotels International Inc.
Finish Line Inc. Class A
WMS Industries Inc.
Standard Pacific Corp.
Office Depot Inc.
Marriott Vacations Worldwide Corp.
Jones Group Inc.
Francesca's Holdings Corp.
Asbury Automotive Group Inc.
Matthews International Corp. Class A
Grand Canyon Education Inc.
Sturm Ruger & Co. Inc.
Ameristar Casinos Inc.
OfficeMax Inc.
Churchill Downs Inc.
Stage Stores Inc.
Conn's Inc.
Lithia Motors Inc. Class A
BJ's Restaurants Inc.
SHFL Entertainment Inc.
American Axle & Manufacturing Holdings Inc.
Brown Shoe Co. Inc.
Scholastic Corp.
National CineMedia Inc.
Tumi Holdings Inc.
News Corp. Class B
Sonic Automotive Inc. Class A
Interval Leisure Group Inc.
Ascent Capital Group Inc. Class A
Cato Corp. Class A
La-Z-Boy Inc.
Allison Transmission Holdings Inc.
HomeAway Inc.
International Speedway Corp. Class A
Columbia Sportswear Co.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,233,350
509,934
1,319,772
346,140
157,074
181,583
691,066
186,477
237,221
263,141
254,955
326,684
315,395
269,794
476,267
1,026,947
19,799
223,593
731,843
242,874
358,727
276,132
863,608
758,358
812,973
767,332
179,179
693,704
265,509
385,264
318,032
1,324,156
182,708
343,653
1,513,132
736,697
134,038
458,405
311,947
310,617
209,930
390,032
731,944
171,973
857,783
322,349
364,921
239,693
490,176
183,776
529,600
380,300
122,441
255,514
736,848
564,858
267,232
249,155
173,427
82,267
248,958
66,764
1,379,266
185,435
9,460
9,434
9,238
8,899
8,823
8,750
8,721
8,645
8,566
8,486
8,462
8,304
8,241
8,239
8,044
7,846
7,722
7,654
7,618
7,451
7,332
7,317
7,289
7,113
7,048
7,044
6,898
6,819
6,664
6,600
6,488
6,462
6,448
6,440
6,431
6,358
6,347
6,101
6,055
6,054
5,960
5,886
5,753
5,742
5,576
5,444
5,368
5,326
5,299
5,188
5,111
5,058
4,961
4,944
4,893
4,592
4,326
4,313
4,254
4,112
4,060
4,052
3,807
3,800
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Belo Corp. Class A
Skechers U.S.A. Inc. Class A
Hovnanian Enterprises Inc. Class A
Ethan Allen Interiors Inc.
Strayer Education Inc.
Steiner Leisure Ltd.
Sinclair Broadcast Group Inc. Class A
Oxford Industries Inc.
American Public Education Inc.
Drew Industries Inc.
CEC Entertainment Inc.
True Religion Apparel Inc.
AFC Enterprises Inc.
Lennar Corp. Class B
American Greetings Corp. Class A
Stewart Enterprises Inc. Class A
Biglari Holdings Inc.
G-III Apparel Group Ltd.
Sonic Corp.
Movado Group Inc.
K12 Inc.
M/I Homes Inc.
Smith & Wesson Holding Corp.
Krispy Kreme Doughnuts Inc.
Scientific Games Corp. Class A
Pandora Media Inc.
Blue Nile Inc.
Pep Boys-Manny Moe & Jack
Vera Bradley Inc.
Winnebago Industries Inc.
Superior Industries International Inc.
Denny's Corp.
Red Robin Gourmet Burgers Inc.
iRobot Corp.
Quiksilver Inc.
LeapFrog Enterprises Inc.
Core-Mark Holding Co. Inc.
Fred's Inc. Class A
Zumiez Inc.
Maidenform Brands Inc.
rue21 inc
Barnes & Noble Inc.
Ruby Tuesday Inc.
Arctic Cat Inc.
Callaway Golf Co.
Beazer Homes USA Inc.
Multimedia Games Holding Co. Inc.
Standard Motor Products Inc.
EW Scripps Co. Class A
Capella Education Co.
Hot Topic Inc.
Gentherm Inc.
America's Car-Mart Inc.
Libbey Inc.
Boyd Gaming Corp.
Modine Manufacturing Co.
Caribou Coffee Co. Inc.
ITT Educational Services Inc.
Mattress Firm Holding Corp.
Cavco Industries Inc.
Haverty Furniture Cos. Inc.
NACCO Industries Inc. Class A
Wet Seal Inc. Class A
Shoe Carnival Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
313,247
509,147
280,401
319,320
495,368
579,680
306,044
174,340
457,286
170,345
523,891
242,615
923,295
162,718
598,089
179,830
256,363
144,242
235,874
214,250
208,065
203,590
887,870
192,497
290,774
384,896
221,250
267,977
361,491
340,255
362,769
1,012,048
1,263,705
254,715
188,853
476,458
178,152
1,055,220
311,407
276,002
747,244
287,264
103,325
212,743
528,729
104,951
141,026
45,952
192,819
145,928
85,164
184,315
396,070
191,245
279,743
200,908
471,340
120,954
834,904
148,869
197,918
188,321
257,660
66,557
3,718
3,574
3,511
3,468
3,428
3,420
3,397
3,373
3,324
3,320
3,274
3,258
3,250
3,238
3,236
3,208
3,197
3,110
3,090
3,066
3,059
3,054
3,037
2,949
2,919
2,898
2,878
2,854
2,852
2,787
2,735
2,702
2,679
2,624
2,599
2,597
2,589
2,575
2,497
2,467
2,443
2,356
2,262
2,253
2,221
2,220
2,193
2,137
2,042
2,001
1,989
1,981
1,953
1,905
1,897
1,885
1,881
1,875
1,870
1,856
1,819
1,817
1,798
1,796
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Carriage Services Inc. Class A
Clear Channel Outdoor Holdings Inc. Class A
JAKKS Pacific Inc.
Digital Generation Inc.
Caesars Entertainment Corp.
Harte-Hanks Inc.
PetMed Express Inc.
Universal Electronics Inc.
Ruth's Hospitality Group Inc.
Rentrak Corp.
Tuesday Morning Corp.
Bravo Brio Restaurant Group Inc.
Career Education Corp.
Perry Ellis International Inc.
Journal Communications Inc. Class A
Speedway Motorsports Inc.
Marcus Corp.
Destination Maternity Corp.
Big 5 Sporting Goods Corp.
Overstock.com Inc.
Fuel Systems Solutions Inc.
Carmike Cinemas Inc.
Exide Technologies
Fiesta Restaurant Group Inc.
Universal Technical Institute Inc.
LIN TV Corp. Class A
Unifi Inc.
Town Sports International Holdings Inc.
World Wrestling Entertainment Inc. Class A
Nutrisystem Inc.
Stein Mart Inc.
Cumulus Media Inc. Class A
RadioShack Corp.
Bridgepoint Education Inc.
Citi Trends Inc.
Christopher & Banks Corp.
Hooker Furniture Corp.
Corinthian Colleges Inc.
Federal-Mogul Corp.
MarineMax Inc.
McClatchy Co. Class A
Black Diamond Inc.
CSS Industries Inc.
Nexstar Broadcasting Group Inc. Class A
Casual Male Retail Group Inc.
Steinway Musical Instruments Inc.
Blyth Inc.
Saga Communications Inc. Class A
Kirkland's Inc.
Cherokee Inc.
Weyco Group Inc.
West Marine Inc.
Spartan Motors Inc.
Body Central Corp.
Vitacost.com Inc.
Bluegreen Corp.
bebe stores inc
Teavana Holdings Inc.
Jamba Inc.
Bassett Furniture Industries Inc.
Famous Dave's Of America Inc.
Systemax Inc.
Entercom Communications Corp. Class A
Fisher Communications Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
243,945
139,675
144,463
65,085
153,094
248,750
404,536
322,150
108,945
100,443
227,060
280,286
714,597
223,488
26,154
190,795
265,280
311,380
260,949
536,744
67,252
106,326
14,678
602,146
282,231
120,582
362,819
156,925
104,006
309,131
58,984
83,677
194,275
77,220
728,768
110,112
307,645
141,996
187,152
230,378
255,698
81,538
306,543
84,347
227,672
155,681
611,275
76,795
554,736
107,071
147,792
467,359
266,128
832,167
334,904
355,462
260,577
286,229
41,790
138,784
416,222
172,883
175,287
300,234
1,795
1,753
1,751
1,680
1,670
1,664
1,663
1,649
1,636
1,617
1,594
1,553
1,551
1,504
1,491
1,486
1,483
1,463
1,461
1,455
1,443
1,373
1,358
1,325
1,312
1,279
1,273
1,193
1,190
1,178
1,175
1,170
1,168
1,159
1,151
1,134
1,129
1,120
1,119
1,108
1,066
1,060
1,030
1,030
1,025
1,023
1,015
1,000
882
862
845
841
841
832
821
782
782
779
773
756
741
736
675
670
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Zagg Inc.
Mac-Gray Corp.
Bon-Ton Stores Inc.
Strattec Security Corp.
Monarch Casino & Resort Inc.
Luby's Inc.
Zale Corp.
Stoneridge Inc.
Gordmans Stores Inc.
Geeknet Inc.
hhgregg Inc.
Morgans Hotel Group Co.
Sealy Corp.
VOXX International Corp. Class A
Winmark Corp.
Skullcandy Inc.
Lincoln Educational Services Corp.
TravelCenters of America LLC
Isle of Capri Casinos Inc.
Premier Exhibitions Inc.
Flexsteel Industries Inc.
ReachLocal Inc.
Daily Journal Corp.
Gray Television Inc.
AH Belo Corp. Class A
Lifetime Brands Inc.
Nautilus Inc.
Outdoor Channel Holdings Inc.
Superior Uniform Group Inc.
New York & Co. Inc.
Johnson Outdoors Inc. Class A
Delta Apparel Inc.
Reading International Inc. Class A
Culp Inc.
Dex One Corp.
Shiloh Industries Inc.
1-800-Flowers.com Inc. Class A
Red Lion Hotels Corp.
Carrols Restaurant Group Inc.
Coldwater Creek Inc.
MTR Gaming Group Inc.
Ignite Restaurant Group Inc.
K-Swiss Inc. Class A
Einstein Noah Restaurant Group Inc.
Stanley Furniture Co. Inc.
Motorcar Parts of America Inc.
Entravision Communications Corp. Class A
Rocky Brands Inc.
Pacific Sunwear of California Inc.
Rick's Cabaret International Inc.
Marine Products Corp.
Valuevision Media Inc. Class A
Gaiam Inc. Class A
Joe's Jeans Inc.
Martha Stewart Living Omnimedia Class A
Dover Downs Gaming & Entertainment Inc.
Lakes Entertainment Inc.
Orbitz Worldwide Inc.
Frisch's Restaurants Inc.
Learning Tree International Inc.
Navarre Corp.
Ambassadors Group Inc.
National American University Holdings Inc.
Heelys Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
613,008
168,197
542,668
143,348
73,247
202,361
160,912
55,458
542,490
435,505
95,195
678,120
93,954
139,686
298,606
575,742
180,624
236,518
299,242
99,243
64,655
401,083
157,269
112,514
169,085
41,577
121,119
108,577
350,871
24,382
128,589
174,057
25,950
219,289
50,767
157,716
23,110
19,300
65,485
16,145
42,843
280,561
964
1,820
281
100
650
642
619
616
590
575
560
556
548
523
520
515
498
478
463
448
437
400
350
328
318
305
302
299
293
290
263
253
239
237
235
235
228
208
206
175
171
135
107
28
24
15
12
3
1
—
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*,^
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*
*
Furniture Brands International Inc.
Build-A-Bear Workshop Inc.
Lee Enterprises Inc.
Media General Inc. Class A
Tower International Inc.
Century Casinos Inc.
Trans World Entertainment Corp.
Collectors Universe
American Apparel Inc.
Harris Interactive Inc.
Salem Communications Corp. Class A
Radio One Inc.
Escalade Inc.
SuperMedia Inc.
Kid Brands Inc.
Cosi Inc.
Cache Inc.
Dover Motorsports Inc.
dELiA*s Inc.
Dixie Group Inc.
Perfumania Holdings Inc.
UQM Technologies Inc.
Entertainment Gaming Asia Inc.
Books-A-Million Inc.
Emerson Radio Corp.
Gaming Partners International Corp.
Hastings Entertainment Inc.
Empire Resorts Inc.
Quantum Fuel Systems Technologies Worldwide Inc.
Canterbury Park Holding Corp.
US Auto Parts Network Inc.
Hollywood Media Corp.
ALCO Stores Inc.
School Specialty Inc.
Skyline Corp.
Cambium Learning Group Inc.
Orchard Supply Hardware Stores Corp. Class A
Hovnanian Enterprises Inc. Class B
Sport Chalet Inc. Class A
SPAR Group Inc.
Universal Travel Group
LodgeNet Interactive Corp.
Bowl America Inc. Class A
Sport Chalet Inc. Class B
Educational Development Corp.
Koss Corp.
26,104,463
Consumer Staples (9.4%)
Procter & Gamble Co.
Coca-Cola Co.
Philip Morris International Inc.
Wal-Mart Stores Inc.
PepsiCo Inc.
Altria Group Inc.
CVS Caremark Corp.
Colgate-Palmolive Co.
Mondelez International Inc. Class A
Costco Wholesale Corp.
Kimberly-Clark Corp.
Walgreen Co.
General Mills Inc.
Kraft Foods Group Inc.
Sysco Corp.
HJ Heinz Co.
36,885,367
54,320,419
22,550,112
24,894,086
20,818,464
27,193,408
17,018,857
6,343,101
22,552,621
5,783,600
5,282,582
11,969,418
8,672,226
7,510,573
7,847,094
4,283,836
2,504,148
1,969,115
1,886,091
1,698,524
1,424,608
854,417
822,862
663,108
574,415
571,246
446,008
442,988
350,445
341,506
248,439
247,092
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
8,810,426
2,346,880
1,747,320
3,149,327
4,538,463
3,349,897
6,921,947
2,725,844
5,432,150
2,103,890
1,951,884
1,475,733
3,935,267
2,813,856
1,645,438
1,904,680
2,003,966
1,633,009
1,606,304
1,860,375
2,533,817
1,992,580
5,773,840
3,905,085
1,767,953
2,056,806
863,991
738,459
1,018,908
1,935,447
3,202,833
1,495,411
1,587,061
1,979,830
2,471,373
1,662,552
651,651
508,517
743,747
511,911
481,111
1,563,243
512,150
622,622
261,284
691,040
255,109
349,599
116,785
309,645
637,352
431,983
535,472
307,264
669,053
200,098
259,291
8,998,226
680,122
783,190
233,582
196,005
224,485
187,233
241,318
214,341
203,860
188,519
188,029
187,092
180,109
179,606
160,248
151,943
141,882
127,267
124,866
124,316
120,479
116,357
105,970
103,288
102,049
99,660
88,405
85,263
82,912
75,759
73,123
72,790
69,102
66,203
65,648
60,405
57,939
49,259
44,660
42,705
40,802
38,688
34,922
27,572
27,556
27,182
25,080
25,074
24,629
24,008
20,132
19,563
17,651
15,735
15,702
15,454
15,367
14,795
14,110
13,805
13,401
12,794
12,329
12,238
10,113
10,103
10,021
9,234
7,743
7,531
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
Archer-Daniels-Midland Co.
Whole Foods Market Inc.
Lorillard Inc.
Estee Lauder Cos. Inc. Class A
Reynolds American Inc.
Kellogg Co.
Kroger Co.
Mead Johnson Nutrition Co.
ConAgra Foods Inc.
Hershey Co.
Bunge Ltd.
JM Smucker Co.
Coca-Cola Enterprises Inc.
Dr Pepper Snapple Group Inc.
Clorox Co.
Beam Inc.
Monster Beverage Corp.
Brown-Forman Corp. Class B
McCormick & Co. Inc.
Church & Dwight Co. Inc.
Campbell Soup Co.
Molson Coors Brewing Co. Class B
Avon Products Inc.
Tyson Foods Inc. Class A
Green Mountain Coffee Roasters Inc.
Constellation Brands Inc. Class A
Energizer Holdings Inc.
Ralcorp Holdings Inc.
Ingredion Inc.
Hormel Foods Corp.
Safeway Inc.
Herbalife Ltd.
Hillshire Brands Co.
Smithfield Foods Inc.
Dean Foods Co.
Flowers Foods Inc.
United Natural Foods Inc.
Hain Celestial Group Inc.
Nu Skin Enterprises Inc. Class A
Casey's General Stores Inc.
TreeHouse Foods Inc.
Darling International Inc.
Fresh Market Inc.
Harris Teeter Supermarkets Inc.
PriceSmart Inc.
B&G Foods Inc.
Lancaster Colony Corp.
Elizabeth Arden Inc.
Boston Beer Co. Inc. Class A
Universal Corp.
Snyders-Lance Inc.
Post Holdings Inc.
Fresh Del Monte Produce Inc.
Spectrum Brands Holdings Inc.
Prestige Brands Holdings Inc.
J&J Snack Foods Corp.
Sanderson Farms Inc.
Rite Aid Corp.
Vector Group Ltd.
Smart Balance Inc.
Andersons Inc.
WD-40 Co.
Susser Holdings Corp.
Cal-Maine Foods Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
2,823,669
242,418
158,222
854,023
524,140
81,568
554,928
437,183
171,495
134,957
284,109
215,346
1,521,388
284,216
1,067,202
149,268
169,982
293,762
95,724
86,219
151,594
190,018
89,053
95,706
147,820
160,581
134,677
224,066
141,332
144,878
104,815
819,306
272,619
237,050
43,358
330,882
231,725
69,151
92,919
36,463
95,840
180,429
86,725
95,433
178,443
146,638
21,837
32,920
200
6,974
6,283
6,198
6,192
6,012
5,424
4,578
4,569
4,526
4,512
4,364
4,191
4,077
3,885
3,885
3,763
3,617
3,563
3,152
2,833
2,756
2,755
2,707
2,641
2,445
2,325
2,325
2,245
2,234
2,114
2,032
1,778
1,769
1,702
1,588
1,472
1,418
1,398
1,341
985
838
781
562
326
212
192
123
34
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SUPERVALU Inc.
Tootsie Roll Industries Inc.
Weis Markets Inc.
Pilgrim's Pride Corp.
Dole Food Co. Inc.
Coca-Cola Bottling Co. Consolidated
Chiquita Brands International Inc.
Central Garden and Pet Co. Class A
Medifast Inc.
Annie's Inc.
Spartan Stores Inc.
Inter Parfums Inc.
Star Scientific Inc.
Diamond Foods Inc.
Alliance One International Inc.
Calavo Growers Inc.
Nash Finch Co.
Pantry Inc.
USANA Health Sciences Inc.
Village Super Market Inc. Class A
John B Sanfilippo & Son Inc.
Revlon Inc. Class A
Seneca Foods Corp. Class A
Oil-Dri Corp. of America
Nutraceutical International Corp.
Nature's Sunshine Products Inc.
Ingles Markets Inc. Class A
Central Garden and Pet Co.
Chefs' Warehouse Inc.
National Beverage Corp.
Limoneira Co.
Central European Distribution Corp.
Inventure Foods Inc.
Female Health Co.
Alico Inc.
Roundy's Inc.
Omega Protein Corp.
Orchids Paper Products Co.
Farmer Bros Co.
Griffin Land & Nurseries Inc.
Lifeway Foods Inc.
Overhill Farms Inc.
Craft Brew Alliance Inc.
MGP Ingredients Inc.
Primo Water Corp.
Reliv International Inc.
Mannatech Inc.
Crystal Rock Holdings Inc.
Bridgford Foods Corp.
19,739,415
Energy (10.1%)
Exxon Mobil Corp.
Chevron Corp.
Schlumberger Ltd.
ConocoPhillips
Occidental Petroleum Corp.
Anadarko Petroleum Corp.
EOG Resources Inc.
Halliburton Co.
Phillips 66
Apache Corp.
National Oilwell Varco Inc.
Kinder Morgan Inc.
Williams Cos. Inc.
61,747,781
26,247,701
17,751,831
15,434,827
10,834,776
6,684,337
3,612,149
12,410,672
7,967,115
5,233,405
5,704,380
8,640,805
9,017,112
5,344,270
2,838,426
1,230,024
895,066
830,052
496,713
436,312
430,526
423,054
410,822
389,894
305,280
295,220
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
9,436,622
4,525,443
5,140,503
7,378,987
2,378,836
5,880,077
8,733,582
4,111,601
3,294,592
3,101,139
1,563,625
4,670,165
8,892,149
2,466,287
2,806,083
3,185,509
2,171,454
2,584,043
1,999,038
3,375,504
10,134,616
1,323,969
1,349,040
3,041,726
3,585,573
5,227,699
1,868,113
1,723,826
1,418,902
1,443,085
2,377,477
632,675
1,573,120
1,149,912
929,694
2,468,872
1,011,069
3,879,891
732,028
1,659,355
1,803,426
2,436,497
870,480
605,503
2,101,291
964,416
963,478
2,659,102
2,064,873
2,044,735
783,727
3,141,293
457,289
706,985
993,490
4,901,062
3,508,147
799,802
674,616
897,932
2,943,536
1,331,920
582,174
447,152
289,327
285,103
267,512
251,771
242,023
240,142
239,126
217,750
186,013
183,836
166,667
156,030
147,788
146,867
139,575
136,435
136,432
120,287
117,903
117,535
113,406
106,659
101,799
97,639
95,412
84,689
82,290
80,916
79,473
77,624
71,966
69,158
68,226
66,384
63,182
60,636
56,761
56,064
52,369
51,888
48,296
45,757
45,448
44,498
43,539
43,486
39,666
39,567
38,469
37,071
35,887
34,617
33,405
32,069
31,593
31,122
31,047
30,568
30,142
28,904
28,670
27,491
26,227
25,993
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Marathon Oil Corp.
Marathon Petroleum Corp.
Devon Energy Corp.
Valero Energy Corp.
Noble Energy Inc.
Baker Hughes Inc.
Spectra Energy Corp.
Hess Corp.
Cameron International Corp.
Ensco plc Class A
Pioneer Natural Resources Co.
Southwestern Energy Co.
Chesapeake Energy Corp.
Murphy Oil Corp.
Cabot Oil & Gas Corp.
FMC Technologies Inc.
Range Resources Corp.
HollyFrontier Corp.
EQT Corp.
Noble Corp.
Weatherford International Ltd.
Concho Resources Inc.
Kinder Morgan Management LLC
CONSOL Energy Inc.
Peabody Energy Corp.
Denbury Resources Inc.
Tesoro Corp.
Plains Exploration & Production Co.
Helmerich & Payne Inc.
Oceaneering International Inc.
QEP Resources Inc.
Core Laboratories NV
Whiting Petroleum Corp.
Cimarex Energy Co.
Diamond Offshore Drilling Inc.
Cobalt International Energy Inc.
Dresser-Rand Group Inc.
Nabors Industries Ltd.
Oil States International Inc.
Rowan Cos. plc Class A
Newfield Exploration Co.
Cheniere Energy Inc.
SM Energy Co.
Continental Resources Inc.
Superior Energy Services Inc.
Energen Corp.
World Fuel Services Corp.
WPX Energy Inc.
Patterson-UTI Energy Inc.
Ultra Petroleum Corp.
Atwood Oceanics Inc.
McDermott International Inc.
Dril-Quip Inc.
Rosetta Resources Inc.
Oasis Petroleum Inc.
SandRidge Energy Inc.
Kodiak Oil & Gas Corp.
Gulfport Energy Corp.
Tidewater Inc.
Energy XXI Bermuda Ltd.
Alpha Natural Resources Inc.
Helix Energy Solutions Group Inc.
Unit Corp.
Lufkin Industries Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
477,862
1,406,296
265,566
784,528
276,184
629,590
394,795
2,825,743
3,730,765
500,141
773,238
810,575
447,074
160,992
802,464
400,653
1,908,598
456,743
1,860,873
515,107
620,683
557,068
1,717,825
460,495
920,440
637,818
230,377
321,301
1,782,731
1,645,213
874,644
506,736
1,574,332
513,137
1,179,172
605,812
568,532
386,157
2,108,994
2,984,072
487,158
1,017,804
1,901,088
588,281
521,340
171,315
1,547,247
720,684
211,668
810,027
662,401
158,533
585,080
421,119
389,080
174,920
455,997
2,249,958
98,031
216,456
152,488
333,945
1,194,805
748,896
25,642
22,571
22,254
22,116
21,636
21,123
20,861
20,684
20,557
19,546
16,949
15,668
15,353
14,307
13,497
13,306
13,265
13,195
12,877
12,749
12,736
11,944
11,630
11,517
11,460
11,347
11,240
11,069
11,017
10,710
10,706
10,601
10,532
9,319
9,257
9,166
8,750
8,708
8,415
7,848
7,809
7,725
7,661
7,659
7,476
7,257
7,117
6,234
5,882
5,881
5,385
5,309
4,798
4,797
4,439
4,203
4,136
4,117
3,921
3,916
3,861
3,840
3,764
3,707
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*
Bristow Group Inc.
McMoRan Exploration Co.
SEACOR Holdings Inc.
Western Refining Inc.
CARBO Ceramics Inc.
Berry Petroleum Co. Class A
Targa Resources Corp.
Arch Coal Inc.
Gran Tierra Energy Inc.
SemGroup Corp. Class A
Exterran Holdings Inc.
Cloud Peak Energy Inc.
Hornbeck Offshore Services Inc.
Geospace Technologies Corp.
Northern Oil and Gas Inc.
PDC Energy Inc.
Key Energy Services Inc.
Enbridge Energy Management LLC
Halcon Resources Corp.
Forum Energy Technologies Inc.
Stone Energy Corp.
C&J Energy Services Inc.
EXCO Resources Inc.
Approach Resources Inc.
Clean Energy Fuels Corp.
Bill Barrett Corp.
CVR Energy Inc.
Gulfmark Offshore Inc.
Hercules Offshore Inc.
ION Geophysical Corp.
RPC Inc.
Carrizo Oil & Gas Inc.
Forest Oil Corp.
Laredo Petroleum Holdings Inc.
Newpark Resources Inc.
Comstock Resources Inc.
Swift Energy Co.
EPL Oil & Gas Inc.
Magnum Hunter Resources Corp.
Rentech Inc.
W&T Offshore Inc.
TETRA Technologies Inc.
Heckmann Corp.
Rex Energy Corp.
Crosstex Energy Inc.
Contango Oil & Gas Co.
Parker Drilling Co.
Vaalco Energy Inc.
Bonanza Creek Energy Inc.
Pioneer Energy Services Corp.
Resolute Energy Corp.
PHI Inc.
Matador Resources Co.
Tesco Corp.
Basic Energy Services Inc.
Gulf Island Fabrication Inc.
Harvest Natural Resources Inc.
Vantage Drilling Co.
Clayton Williams Energy Inc.
Alon USA Energy Inc.
Delek US Holdings Inc.
Matrix Service Co.
BPZ Resources Inc.
PetroQuest Energy Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,218,451
568,358
347,411
575,799
693,938
387,858
438,352
560,916
159,378
538,517
97,665
586,084
103,692
631,324
325,073
1,004,172
914,040
151,799
164,548
119,191
1,033,800
2,696,154
1,194,184
150,595
88,215
198,386
499,937
238,926
186,137
528,252
115,012
345,802
144,386
228,696
12,585
2,080,497
998,013
361,198
786,052
1,756,889
237,118
25,851
220,979
654,733
1,026,240
284,016
163,702
1,258,283
321,367
273,926
1,226,138
176,670
689,268
69,987
61,131
1,247,812
3,540
221,330
609,855
19,109
26,705
374,073
133,657
3,485
3,404
3,238
3,104
3,060
3,049
3,020
3,007
2,869
2,790
2,757
2,755
2,735
2,595
2,571
2,571
2,568
2,493
2,348
2,299
2,264
2,238
2,066
2,053
1,802
1,613
1,600
1,532
1,524
1,447
1,416
1,369
1,349
1,340
1,309
1,244
1,228
1,127
1,093
931
913
907
871
792
606
582
580
497
482
422
392
383
345
226
99
87
81
49
35
28
5
2
—
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*,^
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*
*
*
*
*
*,^
*
*,^
*,^
*,^
*
*
*
*
*,^
*
*
*
*
*,^
*
*,^
*
*
*
*
*,^
*
*
*
*
*
Quicksilver Resources Inc.
Triangle Petroleum Corp.
Goodrich Petroleum Corp.
Synergy Resources Corp.
Penn Virginia Corp.
Solazyme Inc.
Midstates Petroleum Co. Inc.
Willbros Group Inc.
Sanchez Energy Corp.
Endeavour International Corp.
Panhandle Oil and Gas Inc. Class A
Callon Petroleum Co.
Dawson Geophysical Co.
FX Energy Inc.
Green Plains Renewable Energy Inc.
Uranium Energy Corp.
Warren Resources Inc.
Natural Gas Services Group Inc.
Bolt Technology Corp.
REX American Resources Corp.
Abraxas Petroleum Corp.
TransAtlantic Petroleum Ltd.
Cal Dive International Inc.
Mitcham Industries Inc.
RigNet Inc.
Evolution Petroleum Corp.
James River Coal Co.
KiOR Inc.
TGC Industries Inc.
Crimson Exploration Inc.
Apco Oil and Gas International Inc.
Miller Energy Resources Inc.
Westmoreland Coal Co.
Renewable Energy Group Inc.
Isramco Inc.
Hyperdynamics Corp.
Lone Pine Resources Inc.
Amyris Inc.
Uranerz Energy Corp.
USEC Inc.
Global Geophysical Services Inc.
Adams Resources & Energy Inc.
Double Eagle Petroleum Co.
Gastar Exploration Ltd.
CAMAC Energy Inc.
ZaZa Energy Corp.
Saratoga Resources Inc.
Syntroleum Corp.
US Energy Corp. Wyoming
Gevo Inc.
Uranium Resources Inc.
Verenium Corp.
GMX Resources Inc.
Barnwell Industries Inc.
GreenHunter Energy Inc.
Gasco Energy Inc.
PrimeEnergy Corp.
Houston American Energy Corp.
GeoGlobal Resources Inc.
PostRock Energy Corp.
Cubic Energy Inc.
Oilsands Quest Inc.
Magnum Hunter Resources Corp. Warrants Exp. 10/14/2013
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
100,387
—
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
Petrocorp Inc. Escrow
21,296,523
Financials (16.5%)
Wells Fargo & Co.
JPMorgan Chase & Co.
Bank of America Corp.
Citigroup Inc.
*
Berkshire Hathaway Inc. Class B
US Bancorp
American Express Co.
Goldman Sachs Group Inc.
*
American International Group Inc.
Simon Property Group Inc.
Capital One Financial Corp.
PNC Financial Services Group Inc.
American Tower Corporation
Bank of New York Mellon Corp.
Morgan Stanley
MetLife Inc.
Travelers Cos. Inc.
BlackRock Inc.
ACE Ltd.
Aflac Inc.
Prudential Financial Inc.
State Street Corp.
Public Storage
HCP Inc.
BB&T Corp.
Chubb Corp.
Discover Financial Services
Allstate Corp.
Ventas Inc.
Marsh & McLennan Cos. Inc.
Franklin Resources Inc.
Equity Residential
Aon plc
Prologis Inc.
T. Rowe Price Group Inc.
CME Group Inc.
Boston Properties Inc.
Health Care REIT Inc.
Charles Schwab Corp.
SunTrust Banks Inc.
AvalonBay Communities Inc.
Weyerhaeuser Co.
Fifth Third Bancorp
Annaly Capital Management Inc.
Vornado Realty Trust
Ameriprise Financial Inc.
Loews Corp.
Progressive Corp.
Invesco Ltd.
Host Hotels & Resorts Inc.
M&T Bank Corp.
Northern Trust Corp.
Moody's Corp.
Regions Financial Corp.
American Capital Agency Corp.
Hartford Financial Services Group Inc.
*
IntercontinentalExchange Inc.
Principal Financial Group Inc.
General Growth Properties Inc.
*
Berkshire Hathaway Inc. Class A
Digital Realty Trust Inc.
67,127,253
50,816,174
144,163,960
39,228,055
11,113,799
25,353,600
13,648,535
6,092,584
18,761,406
4,057,772
7,772,082
7,081,972
5,286,146
15,802,335
19,819,932
11,367,951
5,155,012
1,789,387
4,536,104
6,264,169
6,207,046
6,409,062
1,950,870
6,058,270
9,352,349
3,556,347
6,888,094
6,486,936
3,951,307
7,279,809
1,990,863
4,303,138
4,097,303
6,162,594
3,395,569
4,225,702
2,016,789
3,412,888
14,487,405
7,203,346
1,501,103
7,193,890
12,292,425
13,038,957
2,237,144
2,818,993
4,233,613
7,741,424
5,955,840
9,656,498
1,523,796
2,892,808
2,673,474
18,886,041
4,565,061
5,532,479
972,312
3,943,466
5,641,800
826
1,630,242
2,294,409
2,234,387
1,672,302
1,551,862
996,908
809,794
784,518
777,170
662,278
641,493
450,237
412,950
408,460
406,120
378,957
374,460
370,233
369,884
361,981
332,753
331,022
301,290
282,798
273,713
272,247
267,864
265,536
260,580
255,729
250,935
250,251
243,859
227,810
224,873
221,153
214,285
213,396
209,176
208,039
204,215
203,535
200,134
186,722
183,067
179,150
176,554
172,520
163,344
155,388
151,317
150,048
145,103
134,529
134,469
132,113
124,149
120,382
112,468
111,990
110,734
110,677
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
12,604,084
5,437,878
1,779,013
3,287,658
4,089,199
2,549,446
3,730,491
2,158,413
1,204,767
686,222
856,779
1,641,846
4,169,932
2,063,276
1,823,065
3,343,538
2,598,575
3,746,431
2,315,495
5,872,445
1,117,830
693,053
11,479,672
1,784,625
487,023
835,505
1,282,813
2,777,781
825,107
1,399,894
2,696,951
1,567,455
1,557,571
838,810
3,268,721
169,656
4,703,275
1,201,806
1,570,629
1,619,121
2,358,050
675,903
1,539,228
1,531,986
122,247
4,395,780
984,875
2,460,420
1,944,679
1,026,157
6,355,474
3,253,300
1,391,307
1,627,202
1,346,401
3,603,420
588,449
6,573,681
2,920,559
1,538,197
988,635
1,445,668
617,363
1,857,074
106,126
105,060
103,716
103,693
102,475
98,511
96,620
95,769
92,345
89,312
89,122
85,097
82,982
80,798
80,251
79,509
78,841
78,001
77,639
76,929
76,247
76,201
73,355
71,760
71,422
67,250
66,283
66,083
64,952
64,577
63,513
60,394
58,783
58,146
57,203
56,906
56,863
56,629
56,181
56,103
55,744
54,924
53,319
52,991
52,984
52,749
52,711
52,653
52,623
52,160
51,670
50,947
50,630
50,427
50,100
49,979
49,394
49,368
49,095
48,992
46,832
45,105
44,043
43,344
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
KeyCorp
Kimco Realty Corp.
Macerich Co.
NYSE Euronext
XL Group plc Class A
CIT Group Inc.
Lincoln National Corp.
Plum Creek Timber Co. Inc.
SL Green Realty Corp.
Affiliated Managers Group Inc.
Federal Realty Investment Trust
Rayonier Inc.
CBRE Group Inc. Class A
Cincinnati Financial Corp.
Arch Capital Group Ltd.
UDR Inc.
Comerica Inc.
Unum Group
Willis Group Holdings plc
New York Community Bancorp Inc.
Camden Property Trust
Everest Re Group Ltd.
Huntington Bancshares Inc.
Realty Income Corp.
Essex Property Trust Inc.
PartnerRe Ltd.
Torchmark Corp.
Leucadia National Corp.
Taubman Centers Inc.
American Campus Communities Inc.
Fidelity National Financial Inc. Class A
Raymond James Financial Inc.
WR Berkley Corp.
Alexandria Real Estate Equities Inc.
Ares Capital Corp.
Alleghany Corp.
People's United Financial Inc.
Regency Centers Corp.
Liberty Property Trust
Arthur J Gallagher & Co.
Senior Housing Properties Trust
RenaissanceRe Holdings Ltd.
Axis Capital Holdings Ltd.
Ocwen Financial Corp.
Markel Corp.
American Capital Ltd.
Reinsurance Group of America Inc. Class A
Zions Bancorporation
Apartment Investment & Management Co. Class A
BRE Properties Inc.
Hudson City Bancorp Inc.
DDR Corp.
Extra Space Storage Inc.
MSCI Inc. Class A
HCC Insurance Holdings Inc.
Duke Realty Corp.
Jones Lang LaSalle Inc.
Genworth Financial Inc. Class A
TD Ameritrade Holding Corp.
Eaton Vance Corp.
Kilroy Realty Corp.
National Retail Properties Inc.
Signature Bank
SEI Investments Co.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,254,293
2,013,985
1,654,875
1,687,758
1,628,339
3,734,899
1,540,266
1,769,413
2,283,337
1,910,595
667,091
1,776,940
738,933
1,218,070
2,061,575
1,143,799
1,127,652
4,779,631
1,651,980
74,396
959,958
480,923
4,699,040
1,075,536
1,043,968
724,640
13,734,643
549,587
523,354
3,284,206
1,448,055
1,166,734
1,072,068
1,016,298
2,327,605
591,007
3,335,160
1,764,795
775,606
1,306,492
1,344,913
3,612,038
1,259,232
641,779
1,070,154
1,168,414
949,681
2,800,254
1,537,490
2,295,137
708,713
3,155,380
623,423
1,373,959
379,232
1,143,854
1,059,720
600,696
2,225,244
929,286
1,617,577
375,520
2,668,950
1,252,457
42,897
42,717
42,563
42,211
41,458
41,383
41,233
41,227
41,214
41,059
40,899
40,799
40,102
39,928
39,850
39,827
39,130
38,763
38,689
38,314
37,938
37,897
37,263
37,192
36,602
36,196
35,847
35,586
35,216
34,977
34,536
34,372
34,027
33,995
33,122
33,079
33,051
32,772
32,723
32,414
32,399
32,328
31,972
31,781
30,585
30,507
30,466
30,439
30,304
30,112
29,766
29,440
28,746
28,565
27,692
27,464
26,472
26,461
26,280
26,197
26,124
25,993
25,649
25,337
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
^
Tanger Factory Outlet Centers
CBL & Associates Properties Inc.
Legg Mason Inc.
NASDAQ OMX Group Inc.
Brown & Brown Inc.
Two Harbors Investment Corp.
Weingarten Realty Investors
Douglas Emmett Inc.
Piedmont Office Realty Trust Inc. Class A
East West Bancorp Inc.
Home Properties Inc.
Starwood Property Trust Inc.
Cullen/Frost Bankers Inc.
First Republic Bank
BioMed Realty Trust Inc.
Waddell & Reed Financial Inc. Class A
Assurant Inc.
MFA Financial Inc.
Hospitality Properties Trust
White Mountains Insurance Group Ltd.
American Financial Group Inc.
Allied World Assurance Co. Holdings AG
First Niagara Financial Group Inc.
Validus Holdings Ltd.
Commerce Bancshares Inc.
Post Properties Inc.
Chimera Investment Corp.
Mid-America Apartment Communities Inc.
Equity Lifestyle Properties Inc.
Old Republic International Corp.
Omega Healthcare Investors Inc.
CBOE Holdings Inc.
Hancock Holding Co.
Highwoods Properties Inc.
Assured Guaranty Ltd.
SVB Financial Group
First Horizon National Corp.
Jefferies Group Inc.
ProAssurance Corp.
Hatteras Financial Corp.
First American Financial Corp.
E*TRADE Financial Corp.
LaSalle Hotel Properties
City National Corp.
Protective Life Corp.
Mack-Cali Realty Corp.
Aspen Insurance Holdings Ltd.
Prospect Capital Corp.
Invesco Mortgage Capital Inc.
Associated Banc-Corp
Prosperity Bancshares Inc.
CNO Financial Group Inc.
EPR Properties
Popular Inc.
Howard Hughes Corp.
Healthcare Realty Trust Inc.
Corporate Office Properties Trust
Bank of Hawaii Corp.
CYS Investments Inc.
Alterra Capital Holdings Ltd.
Forest City Enterprises Inc. Class A
Erie Indemnity Co. Class A
Fulton Financial Corp.
Federated Investors Inc. Class B
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
2,163,197
2,068,764
3,845,115
1,278,202
2,354,232
9,944,796
2,108,071
391,574
225,851
536,281
1,418,158
1,112,638
2,599,579
1,916,622
2,505,315
882,140
595,174
3,549,310
576,756
3,006,150
1,558,357
2,696,922
1,084,541
678,602
1,804,445
585,596
466,515
2,045,901
408,875
2,501,859
921,413
535,915
389,680
737,944
1,865,344
1,457,386
843,401
674,445
2,289,189
362,185
1,856,727
667,427
1,827,568
989,866
501,325
391,989
752,697
440,393
363,939
218,056
429,348
817,441
783,034
362,925
1,052,961
483,247
312,504
1,114,010
498,502
1,487,429
1,238,827
756,447
259,658
730,520
25,288
25,135
24,878
24,759
24,672
24,365
24,348
24,317
24,134
24,036
23,924
23,777
23,396
23,364
23,299
23,068
23,057
23,035
22,891
22,787
22,705
22,546
22,287
21,695
21,581
21,474
21,460
21,380
21,323
21,316
21,266
21,003
20,969
20,780
20,687
20,680
20,377
20,240
19,870
19,725
19,718
19,689
19,573
19,302
19,281
19,254
19,036
18,946
18,921
18,896
18,823
18,360
18,088
18,008
17,785
17,735
17,666
17,646
17,597
17,537
17,443
17,209
16,873
16,700
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
^
*
*
*
*
*
*
*
Capitol Federal Financial Inc.
TCF Financial Corp.
ARMOUR Residential REIT Inc.
RLJ Lodging Trust
Susquehanna Bancshares Inc.
Synovus Financial Corp.
American Realty Capital Trust Inc.
Sovran Self Storage Inc.
Portfolio Recovery Associates Inc.
Texas Capital Bancshares Inc.
Washington Federal Inc.
Colonial Properties Trust
DiamondRock Hospitality Co.
Brandywine Realty Trust
Valley National Bancorp
Washington REIT
Hanover Insurance Group Inc.
DCT Industrial Trust Inc.
Endurance Specialty Holdings Ltd.
CapitalSource Inc.
CubeSmart
Apollo Investment Corp.
Webster Financial Corp.
Stifel Financial Corp.
Medical Properties Trust Inc.
StanCorp Financial Group Inc.
Platinum Underwriters Holdings Ltd.
Lexington Realty Trust
WP Carey Inc.
Janus Capital Group Inc.
St. Joe Co.
Potlatch Corp.
EastGroup Properties Inc.
LPL Financial Holdings Inc.
Glimcher Realty Trust
FirstMerit Corp.
DuPont Fabros Technology Inc.
Primerica Inc.
Newcastle Investment Corp.
BOK Financial Corp.
FNB Corp.
Kemper Corp.
Sunstone Hotel Investors Inc.
Cathay General Bancorp
Ryman Hospitality Properties
Iberiabank Corp.
PennyMac Mortgage Investment Trust
Walter Investment Management Corp.
Greenhill & Co. Inc.
Altisource Portfolio Solutions SA
UMB Financial Corp.
Trustmark Corp.
Pebblebrook Hotel Trust
First Cash Financial Services Inc.
Redwood Trust Inc.
Wintrust Financial Corp.
National Health Investors Inc.
CommonWealth REIT
MarketAxess Holdings Inc.
Umpqua Holdings Corp.
First Industrial Realty Trust Inc.
PHH Corp.
PS Business Parks Inc.
Montpelier Re Holdings Ltd.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
162,681
787,138
560,286
253,736
1,127,604
652,559
667,510
1,344,916
1,708,518
368,091
1,473,160
1,290,328
389,305
1,940,215
1,308,656
374,327
2,114,319
617,274
527,472
1,403,201
364,595
1,106,088
403,862
734,044
953,806
125,233
741,902
2,167,760
689,120
1,135,651
880,939
492,664
676,100
429,110
333,901
388,421
174,200
708,058
992,136
703,371
1,180,335
438,521
989,141
608,218
357,232
2,384,173
1,236,916
480,578
987,841
397,189
774,408
68,986
377,167
915,351
1,182,309
620,619
1,767,316
1,023,227
439,964
715,846
1,842,181
509,658
659,546
486,131
16,541
16,538
16,456
16,407
16,395
16,366
16,234
15,964
15,923
15,677
15,674
15,665
15,444
15,231
15,010
14,932
14,885
14,796
14,637
14,621
14,471
14,357
14,212
14,145
14,030
14,024
14,022
13,874
13,610
13,594
13,496
13,479
13,184
13,092
13,025
13,000
12,988
12,780
12,422
12,407
12,275
12,248
12,176
12,079
11,999
11,921
11,899
11,491
11,429
11,395
11,322
11,279
11,236
11,213
11,066
11,035
10,798
10,775
10,753
10,680
10,648
10,642
10,632
10,559
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
Credit Acceptance Corp.
Equity One Inc.
Alexander & Baldwin Inc.
RLI Corp.
BancorpSouth Inc.
Acadia Realty Trust
United Bankshares Inc.
Old National Bancorp
National Penn Bancshares Inc.
Westamerica Bancorporation
Education Realty Trust Inc.
Northwest Bancshares Inc.
Cash America International Inc.
MBIA Inc.
Capstead Mortgage Corp.
Sun Communities Inc.
NorthStar Realty Finance Corp.
Government Properties Income Trust
Financial Engines Inc.
Fifth Street Finance Corp.
Mercury General Corp.
Symetra Financial Corp.
LTC Properties Inc.
Selective Insurance Group Inc.
Glacier Bancorp Inc.
Enstar Group Ltd.
Home Loan Servicing Solutions Ltd.
Strategic Hotels & Resorts Inc.
MB Financial Inc.
Retail Properties of America Inc.
PrivateBancorp Inc.
Community Bank System Inc.
Colony Financial Inc.
Main Street Capital Corp.
First Financial Bankshares Inc.
Bank of the Ozarks Inc.
World Acceptance Corp.
International Bancshares Corp.
First Midwest Bancorp Inc.
Pennsylvania REIT
CVB Financial Corp.
American Assets Trust Inc.
Franklin Street Properties Corp.
Ezcorp Inc. Class A
Argo Group International Holdings Ltd.
Hersha Hospitality Trust Class A
TFS Financial Corp.
Solar Capital Ltd.
BBCN Bancorp Inc.
Amtrust Financial Services Inc.
First Financial Bancorp
First Citizens BancShares Inc. Class A
Nelnet Inc. Class A
CreXus Investment Corp.
Astoria Financial Corp.
Investors Bancorp Inc.
Radian Group Inc.
Western Alliance Bancorp
BankUnited Inc.
Provident Financial Services Inc.
Anworth Mortgage Asset Corp.
Chesapeake Lodging Trust
Associated Estates Realty Corp.
Sabra Health Care REIT Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,202,234
161,704
1,249,645
522,352
342,535
436,402
489,380
548,273
82,923
401,794
1,180,358
520,813
468,812
569,836
294,925
965,880
866,398
778,736
1,386,287
520,864
452,851
400,078
360,769
297,837
293,737
447,812
852,629
153,743
653,822
496,533
26,640
680,322
217,311
414,362
295,812
623,926
1,042,915
355,760
357,379
678,757
260,440
928,252
435,719
368,778
421,545
584,051
612,569
531,725
452,204
158,260
462,022
332,292
591,880
258,205
925,587
254,134
697,882
277,467
147,282
160,462
268,424
471,954
573,008
1,536,553
10,495
10,451
10,435
10,426
10,341
10,286
10,218
10,149
10,029
9,956
9,891
9,880
9,873
9,767
9,738
9,717
9,526
9,508
9,454
9,344
9,320
9,234
9,196
9,120
9,100
9,077
8,961
8,954
8,853
8,823
8,813
8,749
8,732
8,677
8,564
8,535
8,500
8,453
8,391
8,389
8,368
8,364
8,209
8,194
8,178
8,165
8,153
8,146
8,126
8,010
8,007
7,928
7,902
7,867
7,867
7,810
7,767
7,675
7,522
7,409
7,376
7,372
7,260
7,176
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
Investors Real Estate Trust
Park National Corp.
Cousins Properties Inc.
Horace Mann Educators Corp.
Evercore Partners Inc. Class A
American Capital Mortgage Investment Corp.
Sterling Financial Corp.
DFC Global Corp.
Virtus Investment Partners Inc.
PacWest Bancorp
Inland Real Estate Corp.
Citizens Republic Bancorp Inc.
Hudson Pacific Properties Inc.
National Financial Partners Corp.
Home BancShares Inc.
BlackRock Kelso Capital Corp.
PennantPark Investment Corp.
American Equity Investment Life Holding Co.
First Commonwealth Financial Corp.
Columbia Banking System Inc.
Employers Holdings Inc.
Greenlight Capital Re Ltd. Class A
Triangle Capital Corp.
Encore Capital Group Inc.
Nationstar Mortgage Holdings Inc.
NBT Bancorp Inc.
Ashford Hospitality Trust Inc.
Infinity Property & Casualty Corp.
Hilltop Holdings Inc.
Tower Group Inc.
Alexander's Inc.
Retail Opportunity Investments Corp.
SCBT Financial Corp.
ViewPoint Financial Group Inc.
Independent Bank Corp.
Interactive Brokers Group Inc.
iStar Financial Inc.
Chemical Financial Corp.
AG Mortgage Investment Trust Inc.
First Potomac Realty Trust
Piper Jaffray Cos.
Boston Private Financial Holdings Inc.
Pinnacle Financial Partners Inc.
WesBanco Inc.
Flagstar Bancorp Inc.
Kennedy-Wilson Holdings Inc.
Ramco-Gershenson Properties Trust
Oritani Financial Corp.
STAG Industrial Inc.
Universal Health Realty Income Trust
Forestar Group Inc.
Berkshire Hills Bancorp Inc.
Oriental Financial Group Inc.
Cohen & Steers Inc.
Brookline Bancorp Inc.
Banner Corp.
Hercules Technology Growth Capital Inc.
Coresite Realty Corp.
Navigators Group Inc.
Safety Insurance Group Inc.
eHealth Inc.
Duff & Phelps Corp. Class A
Excel Trust Inc.
FelCor Lodging Trust Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
261,192
1,263,684
1,146,948
377,478
2,524,679
430,477
188,810
469,814
713,686
1,241,523
152,771
429,809
677,441
316,678
352,451
226,589
391,102
559,416
322,795
1,046,768
236,181
315,964
280,471
219,218
496,175
518,474
363,284
209,544
379,825
294,422
145,835
383,919
278,119
227,335
414,248
252,559
170,232
560,472
368,130
537,413
158,910
387,083
563,656
270,524
326,784
361,521
441,950
932,275
199,389
540,916
467,877
328,159
905,452
194,825
72,139
1,056,597
538,605
30,691
368,355
299,031
177,271
293,257
489,223
1,296,937
7,117
7,077
7,019
6,821
6,716
6,586
6,580
6,573
6,559
6,555
6,537
6,404
6,395
6,394
6,365
6,288
6,211
6,182
6,178
6,145
6,141
6,136
6,125
6,116
6,083
5,926
5,911
5,884
5,827
5,821
5,781
5,724
5,637
5,631
5,630
5,594
5,580
5,549
5,463
5,439
5,436
5,377
5,355
5,324
5,304
5,264
5,224
5,211
5,152
5,139
5,133
5,083
5,043
4,941
4,926
4,913
4,847
4,841
4,752
4,716
4,664
4,572
4,555
4,552
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
*
AMERISAFE Inc.
Resource Capital Corp.
WisdomTree Investments Inc.
S&T Bancorp Inc.
MGIC Investment Corp.
KBW Inc.
City Holding Co.
Parkway Properties Inc.
Maiden Holdings Ltd.
TrustCo Bank Corp. NY
Saul Centers Inc.
HFF Inc. Class A
Dynex Capital Inc.
Apollo Residential Mortgage Inc.
Getty Realty Corp.
Zillow Inc. Class A
State Bank Financial Corp.
Citizens Inc.
Renasant Corp.
Wilshire Bancorp Inc.
Stewart Information Services Corp.
Sandy Spring Bancorp Inc.
United Fire Group Inc.
Epoch Holding Corp.
Campus Crest Communities Inc.
ICG Group Inc.
Cardinal Financial Corp.
Tejon Ranch Co.
Flushing Financial Corp.
Western Asset Mortgage Capital Corp.
Tompkins Financial Corp.
EverBank Financial Corp.
PICO Holdings Inc.
Select Income REIT
Hanmi Financial Corp.
West Coast Bancorp
Community Trust Bancorp Inc.
Healthcare Trust of America Inc. Class A
First Merchants Corp.
TICC Capital Corp.
FBL Financial Group Inc. Class A
Dime Community Bancshares Inc.
Beneficial Mutual Bancorp Inc.
Urstadt Biddle Properties Inc. Class A
Apollo Commercial Real Estate Finance Inc.
Medley Capital Corp.
Netspend Holdings Inc.
Kite Realty Group Trust
Lakeland Financial Corp.
Summit Hotel Properties Inc.
Bancorp Inc.
TowneBank
CapLease Inc.
Simmons First National Corp. Class A
American National Insurance Co.
First Busey Corp.
Investment Technology Group Inc.
National Western Life Insurance Co. Class A
Rockville Financial Inc.
Union First Market Bankshares Corp.
Washington Trust Bancorp Inc.
Central Pacific Financial Corp.
Provident New York Bancorp
Knight Capital Group Inc. Class A
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
987,172
1,308,397
226,199
213,959
431,422
300,268
176,925
273,345
257,975
308,579
249,168
337,184
742,808
128,905
377,859
291,708
245,627
772,295
182,355
268,417
626,476
249,067
38,911
278,253
146,904
125,913
209,620
166,955
146,542
138,985
133,565
87,634
954,650
302,766
229,078
631,919
202,509
358,208
141,598
396,355
291,149
388,108
81,959
365,067
199,349
151,938
228,427
192,494
445,789
218,315
299,355
236,048
155,391
93,911
284,242
145,677
309,142
222,709
164,302
196,367
331,887
149,941
976,434
56,653
4,541
4,527
4,517
4,506
4,470
4,429
4,414
4,368
4,365
4,323
4,268
4,211
4,197
4,189
4,175
4,125
4,092
4,078
4,028
3,999
3,959
3,915
3,877
3,868
3,842
3,808
3,784
3,743
3,729
3,723
3,722
3,703
3,694
3,694
3,658
3,652
3,651
3,647
3,618
3,611
3,537
3,474
3,472
3,439
3,409
3,384
3,378
3,351
3,330
3,329
3,314
3,246
3,227
3,190
3,184
3,164
3,113
3,062
3,061
3,057
3,050
3,042
3,007
3,007
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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^
*
*
*
*
*
*
*
*
*
*
MCG Capital Corp.
BGC Partners Inc. Class A
Eagle Bancorp Inc.
Southside Bancshares Inc.
Monmouth Real Estate Investment Corp. Class A
Safeguard Scientifics Inc.
Arrow Financial Corp.
Golub Capital BDC Inc.
Rouse Properties Inc.
NewStar Financial Inc.
SLM Corp.
Ameris Bancorp
RAIT Financial Trust
Federal Agricultural Mortgage Corp.
Winthrop Realty Trust
StellarOne Corp.
Walker & Dunlop Inc.
Cedar Realty Trust Inc.
1st Source Corp.
New Mountain Finance Corp.
New York Mortgage Trust Inc.
United Financial Bancorp Inc.
Capital Southwest Corp.
OneBeacon Insurance Group Ltd. Class A
Heartland Financial USA Inc.
First Financial Corp.
Taylor Capital Group Inc.
SY Bancorp Inc.
Great Southern Bancorp Inc.
Agree Realty Corp.
BofI Holding Inc.
WSFS Financial Corp.
FBR & Co.
Green Dot Corp. Class A
First Community Bancshares Inc.
Meadowbrook Insurance Group Inc.
Tree.com Inc.
Lakeland Bancorp Inc.
HomeStreet Inc.
Sterling Bancorp
MVC Capital Inc.
Virginia Commerce Bancorp Inc.
Bancfirst Corp.
United Community Banks Inc.
Univest Corp. of Pennsylvania
Bryn Mawr Bank Corp.
THL Credit Inc.
INTL. FCStone Inc.
CoBiz Financial Inc.
Northfield Bancorp Inc.
SeaBright Holdings Inc.
OceanFirst Financial Corp.
Arlington Asset Investment Corp. Class A
Camden National Corp.
Southwest Bancorp Inc.
German American Bancorp Inc.
FXCM Inc. Class A
First Connecticut Bancorp Inc.
Financial Institutions Inc.
Hudson Valley Holding Corp.
KCAP Financial Inc.
One Liberty Properties Inc.
MPG Office Trust Inc.
GAMCO Investors Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
237,079
213,583
200,583
253,926
281,874
157,273
564,290
189,490
198,087
896,996
316,761
1,175,512
125,759
336,502
88,299
260,443
68,367
120,257
165,977
189,131
151,758
94,358
198,383
127,857
171,611
170,123
200,743
479,257
124,535
198,061
57,647
66,744
577,728
87,665
148,568
110,517
102,310
148,420
209,832
78,100
182,890
184,646
119,516
1,484,378
144,919
218,681
308,034
165,238
372,863
334,026
111,779
33,826
317,429
129,542
175,638
113,631
260,963
160,789
349,423
164,990
296,278
212,007
53,850
85,257
3,004
3,001
2,997
2,981
2,979
2,972
2,951
2,924
2,920
2,906
2,890
2,880
2,874
2,870
2,860
2,808
2,796
2,782
2,780
2,778
2,724
2,719
2,702
2,702
2,639
2,627
2,626
2,593
2,544
2,539
2,508
2,500
2,484
2,483
2,463
2,446
2,441
2,431
2,430
2,422
2,418
2,413
2,397
2,390
2,384
2,381
2,378
2,346
2,330
2,325
2,324
2,295
2,295
2,237
2,183
2,181
2,129
2,106
2,093
2,079
2,068
2,063
2,055
2,036
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*
MainSource Financial Group Inc.
Whitestone REIT
State Auto Financial Corp.
Medallion Financial Corp.
Calamos Asset Management Inc. Class A
Citizens & Northern Corp.
Park Sterling Corp.
First Interstate Bancsystem Inc.
TCP Capital Corp.
GFI Group Inc.
Mission West Properties Inc.
Cowen Group Inc. Class A
Territorial Bancorp Inc.
Centerstate Banks Inc.
National Bankshares Inc.
West Bancorporation Inc.
Westwood Holdings Group Inc.
OmniAmerican Bancorp Inc.
Trico Bancshares
Heritage Financial Corp.
Gladstone Commercial Corp.
National Interstate Corp.
Washington Banking Co.
Republic Bancorp Inc. Class A
Chatham Lodging Trust
Terreno Realty Corp.
First Financial Holdings Inc.
Thomas Properties Group Inc.
Peoples Bancorp Inc.
First Bancorp
Alliance Financial Corp.
Bank of Marin Bancorp
Bank Mutual Corp.
First of Long Island Corp.
Franklin Financial Corp.
Global Indemnity plc
Baldwin & Lyons Inc.
CNB Financial Corp.
Center Bancorp Inc.
Consolidated-Tomoka Land Co.
Metro Bancorp Inc.
Enterprise Financial Services Corp.
Marlin Business Services Corp.
Seacoast Banking Corp. of Florida
Fidus Investment Corp.
ESSA Bancorp Inc.
First California Financial Group Inc.
Preferred Bank
1st United Bancorp Inc.
Gladstone Investment Corp.
Homeowners Choice Inc.
Diamond Hill Investment Group Inc.
Westfield Financial Inc.
Oppenheimer Holdings Inc. Class A
Home Federal Bancorp Inc.
First Defiance Financial Corp.
Gladstone Capital Corp.
Suffolk Bancorp
Arbor Realty Trust Inc.
Manning & Napier Inc.
Heritage Commerce Corp.
Pacific Continental Corp.
Kansas City Life Insurance Co.
EMC Insurance Group Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
107,165
239,680
92,188
380,777
1,434,112
80,245
1,004,214
94,742
266,007
121,801
529,815
106,410
133,711
166,206
108,659
127,548
107,937
87,444
219,104
167,300
64,391
83,804
45,868
74,235
111,966
224,424
100,758
482,719
135,584
128,152
77,905
61,793
242,517
86,642
101,084
42,662
125,533
213,571
187,130
122,773
84,473
476,474
35,230
311,946
462,962
109,302
171,503
70,952
1,081,178
109,369
90,693
129,928
74,041
87,005
180,810
191,190
35,049
101,739
71,785
117,439
1,513,641
120,787
158,228
58,383
2,028
2,020
2,019
2,014
2,008
1,984
1,958
1,927
1,921
1,895
1,876
1,862
1,855
1,827
1,809
1,791
1,781
1,765
1,748
1,728
1,724
1,719
1,716
1,681
1,674
1,665
1,659
1,593
1,573
1,572
1,531
1,528
1,525
1,480
1,437
1,436
1,435
1,431
1,413
1,396
1,381
1,377
1,372
1,366
1,361
1,355
1,338
1,295
1,287
1,258
1,251
1,236
1,225
1,225
1,206
1,161
1,155
1,147
1,137
1,103
1,096
1,050
1,038
1,031
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*
*
*
*
American Safety Insurance Holdings Ltd.
GSV Capital Corp.
Ames National Corp.
SWS Group Inc.
Ladenburg Thalmann Financial Services Inc.
Phoenix Cos. Inc.
Guaranty Bancorp
Bridge Bancorp Inc.
NGP Capital Resources Co.
Bridge Capital Holdings
Sun Bancorp Inc.
Provident Financial Holdings Inc.
ESB Financial Corp.
MetroCorp Bancshares Inc.
Fox Chase Bancorp Inc.
Donegal Group Inc. Class A
Mercantile Bank Corp.
American National Bankshares Inc.
Crawford & Co. Class B
UMH Properties Inc.
Merchants Bancshares Inc.
MidWestOne Financial Group Inc.
Penns Woods Bancorp Inc.
Northrim BanCorp Inc.
Simplicity Bancorp Inc.
BankFinancial Corp.
First Bancorp Inc.
Harris & Harris Group Inc.
FNB United Corp.
First Pactrust Bancorp Inc.
Horizon Bancorp
Bank of Kentucky Financial Corp.
Pacific Mercantile Bancorp
Eastern Insurance Holdings Inc.
AV Homes Inc.
Bar Harbor Bankshares
Sierra Bancorp
BBX Capital Corp.
First Financial Northwest Inc.
Capital City Bank Group Inc.
MidSouth Bancorp Inc.
Macatawa Bank Corp.
C&F Financial Corp.
Universal Insurance Holdings Inc.
Gramercy Capital Corp.
Nicholas Financial Inc.
Waterstone Financial Inc.
Home Bancorp Inc.
Hampton Roads Bankshares Inc.
SI Financial Group Inc.
Heritage Financial Group Inc.
Asta Funding Inc.
Regional Management Corp.
Peapack Gladstone Financial Corp.
Resource America Inc. Class A
JMP Group Inc.
Century Bancorp Inc. Class A
Clifton Savings Bancorp Inc.
Altisource Residential Corp.
Hallmark Financial Services
Doral Financial Corp.
Cape Bancorp Inc.
BRT Realty Trust
Middleburg Financial Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
265,008
72,002
16,696
102,784
81,562
41,237
32,607
38,986
15,198
1,215,454
227,235
311,972
39,428
157,704
85,578
289,008
57,516
90,471
187,675
93,564
1,061,933
153,350
83,699
114,295
91,069
83,870
68,306
185,534
164,304
399,766
58,843
70,255
46,462
101,225
113,215
37,652
31,356
126,332
73,878
45,079
308,077
67,649
154,083
235,977
223,712
70,129
46,809
221,212
29,647
41,848
63,105
68,086
184,188
99,607
39,785
13,723
34,095
105,776
84,109
67,947
372,396
42,151
249,239
76,471
1,031
1,022
1,002
1,001
999
983
968
959
951
912
911
902
899
889
889
870
866
864
845
837
825
822
821
819
810
798
796
770
761
760
747
745
720
719
706
671
670
670
651
648
638
632
630
625
622
616
599
586
557
550
546
545
542
538
531
518
515
508
502
474
465
453
421
411
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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^
*
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*
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*
*
*
*
Intervest Bancshares Corp. Class A
North Valley Bancorp
Investors Title Co.
Firstcity Financial Corp.
Farmers Capital Bank Corp.
TF Financial Corp.
Norwood Financial Corp.
Federal Agricultural Mortgage Corp. Class A
Hingham Institution for Savings
Gleacher & Co. Inc.
US Global Investors Inc. Class A
United Community Financial Corp.
Meta Financial Group Inc.
Crawford & Co. Class A
Firstbank Corp.
AmeriServ Financial Inc.
Codorus Valley Bancorp Inc.
Fidelity Southern Corp.
Asset Acceptance Capital Corp.
Pulaski Financial Corp.
First Marblehead Corp.
Consumer Portfolio Services Inc.
Orrstown Financial Services Inc.
First United Corp.
Fortegra Financial Corp.
Independence Holding Co.
MutualFirst Financial Inc.
Maui Land & Pineapple Co. Inc.
NewBridge Bancorp
Artio Global Investors Inc. Class A
Alliance Bancorp Inc. of Pennsylvania
Charter Financial Corp.
Evans Bancorp Inc.
PMC Commercial Trust
CFS Bancorp Inc.
Urstadt Biddle Properties Inc.
NASB Financial Inc.
Eastern Virginia Bankshares Inc.
HopFed Bancorp Inc.
ECB Bancorp Inc.
Republic First Bancorp Inc.
Cheviot Financial Corp.
Gain Capital Holdings Inc.
Life Partners Holdings Inc.
BancTrust Financial Group Inc.
Security National Financial Corp. Class A
New Hampshire Thrift Bancshares Inc.
Community Bankers Trust Corp.
Ohio Valley Banc Corp.
HF Financial Corp.
Stratus Properties Inc.
Ameriana Bancorp
Yadkin Valley Financial Corp.
Pzena Investment Management Inc. Class A
QCR Holdings Inc.
Teche Holding Co.
Harleysville Savings Financial Corp.
First South Bancorp Inc.
LNB Bancorp Inc.
First M&F Corp.
First Acceptance Corp.
Oneida Financial Corp.
Riverview Bancorp Inc.
Shore Bancshares Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
27,285
41,942
51,603
169,378
41,261
52,799
136,980
54,465
56,759
16,171
28,834
55,935
81,773
13,507
33,459
22,959
17,865
77,554
71,442
25,297
83,897
27,627
10,562
37,763
166,779
9,708
30,898
41,327
7,809
20,685
35,817
14,587
14,415
23,220
17,095
22,586
16,131
53,495
122,156
10,409
49,194
32,193
70,022
74,073
4,317
8,151
64,104
34,710
6,769
3,713
10,500
4,400
10,999
6,628
13,006
2,370
15,300
1,748
16,831
400
6,511
189
408
383
365
356
330
329
325
319
315
312
312
303
274
263
263
254
254
251
250
236
235
227
210
206
203
201
197
195
185
184
175
173
172
159
158
157
150
147
147
135
127
117
113
108
91
79
76
76
73
71
55
53
48
47
44
23
16
15
12
3
2
___________2
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
California First National Bancorp
Northeast Bancorp
American River Bankshares
Capital Trust Inc. Class A
CIFC Corp.
Unity Bancorp Inc.
MBT Financial Corp.
WSB Holdings Inc.
United Security Bancshares
Citizens Holding Co.
Premier Financial Bancorp Inc.
Federated National Holding Co.
Atlanticus Holdings Corp.
Union Bankshares Inc.
Hawthorn Bancshares Inc.
Old Point Financial Corp.
BCSB Bancorp Inc.
QC Holdings Inc.
Independent Bank Corp.
Wayne Savings Bancshares Inc.
ZipRealty Inc.
Berkshire Bancorp Inc.
Landmark Bancorp Inc.
First Citizens Banc Corp.
Old Second Bancorp Inc.
Auburn National Bancorporation Inc.
United Bancorp Inc.
American Independence Corp.
Salisbury Bancorp Inc.
1st Constitution Bancorp
Summit Financial Group Inc.
Tower Financial Corp.
Fauquier Bankshares Inc.
Rurban Financial Corp.
Peoples Bancorp of North Carolina Inc.
Timberland Bancorp Inc.
Peoples Financial Corp.
Jefferson Bancshares Inc.
Institutional Financial Markets Inc.
Community Bank Shares of Indiana Inc.
United Security Bancshares
Colony Bankcorp Inc.
Premierwest Bancorp
Vestin Realty Mortgage II Inc.
Greene County Bancorp Inc.
United Bancshares Inc.
Royal Bancshares of Pennsylvania Inc.
PVF Capital Corp.
Mid Penn Bancorp Inc.
First Capital Inc.
Northeast Community Bancorp Inc.
Glen Burnie Bancorp
Transcontinental Realty Investors Inc.
Prudential Bancorp Inc. of Pennsylvania
Severn Bancorp Inc.
Southwest Georgia Financial Corp.
Supertel Hospitality Inc.
National Security Group Inc.
Porter Bancorp Inc.
Guaranty Federal Bancshares Inc.
Valley National Bancorp Warrants Exp. 6/30/2015
WVS Financial Corp.
34,613,242
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
36,881,164
99,919,849
40,741,689
20,993,156
10,310,679
13,814,621
10,120,765
22,460,441
13,970,864
10,845,537
13,712,126
7,320,424
5,771,238
3,003,584
4,114,004
6,422,413
4,890,125
3,157,143
4,350,051
534,205
2,582,572
4,071,455
2,669,523
4,471,678
3,857,508
4,648,602
4,562,818
1,005,498
2,334,611
4,195,824
1,944,521
5,424,183
2,161,165
1,705,857
1,318,709
3,362,907
1,546,460
3,550,383
2,121,373
1,187,033
2,883,733
2,342,421
1,282,784
18,962,321
1,064,269
1,479,420
1,171,633
1,183,021
1,643,403
2,960,017
2,965,628
1,652,373
415,433
1,790,236
1,909,503
1,896,174
3,539,778
760,524
2,208,098
870,596
639,929
1,196,850
1,492,800
2,585,370
2,505,990
1,667,965
1,375,052
890,018
749,305
743,370
731,986
689,043
585,659
562,471
487,979
454,312
440,536
377,378
370,830
311,892
306,117
265,005
261,958
242,271
223,197
208,730
207,039
206,222
190,314
187,897
172,011
155,625
151,637
150,973
149,057
148,321
146,704
145,757
145,210
139,444
125,399
123,612
123,487
120,944
114,966
111,115
108,654
104,022
103,914
102,073
95,186
91,357
89,304
84,758
81,379
80,303
80,256
79,378
75,107
70,902
70,577
68,981
65,756
59,181
57,868
53,890
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Health Care (11.7%)
Johnson & Johnson
Pfizer Inc.
Merck & Co. Inc.
Abbott Laboratories
Amgen Inc.
UnitedHealth Group Inc.
*
Gilead Sciences Inc.
Bristol-Myers Squibb Co.
Eli Lilly & Co.
*
Express Scripts Holding Co.
Medtronic Inc.
Baxter International Inc.
*
Celgene Corp.
*
Biogen Idec Inc.
Allergan Inc.
Covidien plc
Thermo Fisher Scientific Inc.
McKesson Corp.
WellPoint Inc.
*
Intuitive Surgical Inc.
*
Alexion Pharmaceuticals Inc.
Stryker Corp.
Becton Dickinson and Co.
Aetna Inc.
Cigna Corp.
Agilent Technologies Inc.
Cardinal Health Inc.
*
Regeneron Pharmaceuticals Inc.
Zimmer Holdings Inc.
St. Jude Medical Inc.
*
Cerner Corp.
*
Mylan Inc.
Humana Inc.
*
Watson Pharmaceuticals Inc.
*
DaVita HealthCare Partners Inc.
AmerisourceBergen Corp. Class A
*
Edwards Lifesciences Corp.
*
Forest Laboratories Inc.
Quest Diagnostics Inc.
Perrigo Co.
*
Vertex Pharmaceuticals Inc.
*
Life Technologies Corp.
*
Laboratory Corp. of America Holdings
*
Boston Scientific Corp.
CR Bard Inc.
*
Varian Medical Systems Inc.
*
Waters Corp.
*
Henry Schein Inc.
*,^
Illumina Inc.
HCA Holdings Inc.
*
CareFusion Corp.
*
BioMarin Pharmaceutical Inc.
*
Mettler-Toledo International Inc.
Coventry Health Care Inc.
ResMed Inc.
DENTSPLY International Inc.
*
Hologic Inc.
*
IDEXX Laboratories Inc.
*
Hospira Inc.
*
Onyx Pharmaceuticals Inc.
Cooper Cos. Inc.
Universal Health Services Inc. Class B
Omnicare Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
664,295
985,081
1,525,249
735,021
1,388,782
743,576
741,019
2,222,293
1,561,736
1,174,786
545,998
1,212,356
850,670
481,254
2,846,385
638,525
1,304,453
467,784
3,427,059
784,788
1,342,126
1,656,326
1,119,115
1,149,863
878,618
786,323
686,809
573,128
683,009
262,853
1,277,826
1,099,647
1,567,517
2,886,488
735,063
451,621
653,445
459,791
647,383
846,235
865,594
801,111
828,162
1,114,357
1,033,346
762,952
811,029
920,899
2,175,365
669,754
366,620
1,022,391
1,218,360
365,392
1,332,224
259,372
161,314
853,519
726,547
463,062
709,999
718,305
1,118,583
388,725
52,825
50,397
48,411
47,379
45,094
43,053
42,809
42,624
41,027
40,213
38,935
37,268
35,779
35,348
34,270
34,110
33,029
31,968
31,940
31,768
31,137
30,675
30,496
29,804
29,706
29,503
28,159
27,906
27,894
27,613
26,975
26,721
26,036
26,036
25,529
24,726
24,668
24,461
24,257
24,126
24,020
23,705
23,603
23,457
23,013
21,950
21,671
20,960
20,492
19,342
19,259
18,914
18,604
17,904
17,878
17,790
17,744
17,489
17,415
17,082
16,763
15,092
14,262
13,605
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*
*
*
*
*
*
*
*
^
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
MEDNAX Inc.
Medivation Inc.
PerkinElmer Inc.
Sirona Dental Systems Inc.
Tenet Healthcare Corp.
Pharmacyclics Inc.
Covance Inc.
Ariad Pharmaceuticals Inc.
Endo Health Solutions Inc.
Patterson Cos. Inc.
Teleflex Inc.
Community Health Systems Inc.
Cubist Pharmaceuticals Inc.
athenahealth Inc.
Warner Chilcott plc Class A
United Therapeutics Corp.
Brookdale Senior Living Inc. Class A
Techne Corp.
Health Management Associates Inc. Class A
Salix Pharmaceuticals Ltd.
Seattle Genetics Inc.
Alkermes plc
Myriad Genetics Inc.
HMS Holdings Corp.
Cepheid Inc.
Thoratec Corp.
Centene Corp.
WellCare Health Plans Inc.
Haemonetics Corp.
Bio-Rad Laboratories Inc. Class A
HealthSouth Corp.
Health Net Inc.
Incyte Corp. Ltd.
Arena Pharmaceuticals Inc.
STERIS Corp.
West Pharmaceutical Services Inc.
LifePoint Hospitals Inc.
Jazz Pharmaceuticals plc
Charles River Laboratories International Inc.
Owens & Minor Inc.
Align Technology Inc.
PAREXEL International Corp.
Hill-Rom Holdings Inc.
VCA Antech Inc.
Theravance Inc.
Team Health Holdings Inc.
Questcor Pharmaceuticals Inc.
ViroPharma Inc.
Allscripts Healthcare Solutions Inc.
PSS World Medical Inc.
Cyberonics Inc.
Alere Inc.
Bruker Corp.
Magellan Health Services Inc.
Vivus Inc.
Chemed Corp.
MWI Veterinary Supply Inc.
Impax Laboratories Inc.
Medicines Co.
Air Methods Corp.
Volcano Corp.
Masimo Corp.
Immunogen Inc.
Infinity Pharmaceuticals Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
635,805
297,255
1,268,708
530,881
1,867,394
367,587
422,491
150,882
322,974
913,116
653,930
161,578
883,724
430,670
622,687
1,520,724
552,291
773,823
1,003,219
403,731
2,385,827
2,049,042
287,906
378,202
268,458
405,008
1,143,691
619,165
169,896
492,109
250,929
687,975
419,509
554,394
332,433
1,973,059
315,715
797,592
574,519
357,118
825,612
218,281
451,731
872,647
1,252,847
493,608
393,727
697,004
713,377
695,928
122,038
159,575
526,857
390,178
1,119,269
312,660
142,966
1,499,423
370,788
574,627
2,969,904
441,797
609,236
875,920
13,492
13,472
13,271
13,198
13,165
12,715
12,679
12,667
12,657
12,427
12,117
12,005
11,807
11,783
11,364
11,269
11,184
11,128
11,126
10,925
10,903
10,819
10,681
10,571
10,462
10,449
10,408
10,383
10,352
10,329
9,869
9,797
9,787
9,624
9,537
9,490
9,386
8,925
8,882
8,828
8,743
8,668
8,583
8,456
8,407
8,273
8,272
7,841
7,833
7,530
7,470
7,387
7,323
7,285
7,275
7,266
7,197
7,077
6,930
6,769
6,593
6,569
6,561
6,552
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*
*
*
*
*
*
*
*
*
*
*,^
^
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
Insulet Corp.
Neogen Corp.
Isis Pharmaceuticals Inc.
Acorda Therapeutics Inc.
PDL BioPharma Inc.
ArthroCare Corp.
Amsurg Corp. Class A
HeartWare International Inc.
Medidata Solutions Inc.
DexCom Inc.
Auxilium Pharmaceuticals Inc.
Analogic Corp.
Akorn Inc.
Hanger Inc.
Alnylam Pharmaceuticals Inc.
Nektar Therapeutics
Meridian Bioscience Inc.
Sunrise Senior Living Inc.
Ironwood Pharmaceuticals Inc. Class A
Molina Healthcare Inc.
Exelixis Inc.
Dendreon Corp.
Abaxis Inc.
CONMED Corp.
Integra LifeSciences Holdings Corp.
Sarepta Therapeutics Inc.
NPS Pharmaceuticals Inc.
MedAssets Inc.
ICU Medical Inc.
Wright Medical Group Inc.
Orthofix International NV
Endologix Inc.
Acadia Healthcare Co. Inc.
Quality Systems Inc.
Bio-Reference Labs Inc.
Opko Health Inc.
Cantel Medical Corp.
Spectrum Pharmaceuticals Inc.
NuVasive Inc.
Emeritus Corp.
Exact Sciences Corp.
IPC The Hospitalist Co. Inc.
Affymax Inc.
InterMune Inc.
Halozyme Therapeutics Inc.
Luminex Corp.
Conceptus Inc.
NxStage Medical Inc.
Santarus Inc.
Kindred Healthcare Inc.
Landauer Inc.
Synageva BioPharma Corp.
Merit Medical Systems Inc.
Quidel Corp.
Rigel Pharmaceuticals Inc.
Greatbatch Inc.
Computer Programs & Systems Inc.
Sequenom Inc.
Capital Senior Living Corp.
Momenta Pharmaceuticals Inc.
Lexicon Pharmaceuticals Inc.
Omnicell Inc.
BioScrip Inc.
Neurocrine Biosciences Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,049,716
2,228,756
470,416
424,711
256,806
1,280,090
226,548
377,411
523,353
236,579
217,666
510,246
621,400
451,780
365,120
888,120
403,470
269,367
116,798
1,428,709
381,771
333,909
789,830
583,053
1,401,591
295,521
710,184
474,914
621,543
395,649
174,627
426,272
528,230
133,675
2,008,998
103,500
184,841
429,460
248,321
867,742
188,057
1,299,683
400,784
1,709,532
574,546
716,898
387,997
206,810
833,794
492,514
188,088
20,144
349,459
638,368
652,321
262,389
890,158
772,043
250,513
351,697
388,148
1,006,243
415,693
1,162,975
6,393
6,374
6,332
6,273
6,243
6,208
6,160
6,152
6,050
6,007
5,934
5,893
5,860
5,814
5,736
5,711
5,645
5,587
5,492
5,443
5,436
5,356
5,300
5,277
5,214
5,163
5,099
4,996
4,985
4,847
4,809
4,766
4,765
4,676
4,641
4,640
4,639
4,595
4,586
4,573
4,534
4,523
4,517
4,496
4,464
4,438
4,415
4,405
4,327
4,231
4,206
3,948
3,841
3,837
3,816
3,755
3,703
3,698
3,685
3,535
3,493
3,451
3,404
3,384
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*,^
*
*
*
*,^
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*,^
*
*,^
*
*
*
*
*
*,^
*
Merrimack Pharmaceuticals Inc.
Dynavax Technologies Corp.
ABIOMED Inc.
Spectranetics Corp.
HealthStream Inc.
Idenix Pharmaceuticals Inc.
Ensign Group Inc.
Invacare Corp.
Accretive Health Inc.
Aegerion Pharmaceuticals Inc.
Genomic Health Inc.
AMN Healthcare Services Inc.
Select Medical Holdings Corp.
MAKO Surgical Corp.
MAP Pharmaceuticals Inc.
Accuray Inc.
ExamWorks Group Inc.
Ligand Pharmaceuticals Inc. Class B
National Healthcare Corp.
Antares Pharma Inc.
PharMerica Corp.
Emergent Biosolutions Inc.
Celldex Therapeutics Inc.
Optimer Pharmaceuticals Inc.
Array BioPharma Inc.
Pacira Pharmaceuticals Inc.
OraSure Technologies Inc.
Symmetry Medical Inc.
Achillion Pharmaceuticals Inc.
Vanguard Health Systems Inc.
US Physical Therapy Inc.
Natus Medical Inc.
Synta Pharmaceuticals Corp.
Hi-Tech Pharmacal Co. Inc.
MannKind Corp.
Corvel Corp.
Vocera Communications Inc.
Healthways Inc.
Triple-S Management Corp. Class B
Orexigen Therapeutics Inc.
Cynosure Inc. Class A
Dyax Corp.
Amedisys Inc.
AVANIR Pharmaceuticals Inc.
XenoPort Inc.
Depomed Inc.
Cambrex Corp.
LHC Group Inc.
Protalix BioTherapeutics Inc.
Universal American Corp.
SurModics Inc.
Atrion Corp.
AngioDynamics Inc.
Sangamo Biosciences Inc.
Raptor Pharmaceutical Corp.
Fluidigm Corp.
ZIOPHARM Oncology Inc.
Cadence Pharmaceuticals Inc.
AMAG Pharmaceuticals Inc.
Gentiva Health Services Inc.
GenMark Diagnostics Inc.
Curis Inc.
Celsion Corp.
Astex Pharmaceuticals
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
247,027
1,136,337
410,594
1,162,408
687,467
606,975
198,657
78,876
609,543
339,001
181,277
1,029,402
604,565
1,575,092
191,577
170,532
670,210
892,373
443,435
450,789
613,601
212,823
168,596
409,388
590,938
172,998
1,032,232
251,564
151,344
913,591
1,641,396
533,911
705,390
967,277
208,690
218,181
104,691
228,609
238,481
156,999
737,945
727,489
162,961
103,301
273,111
120,461
747,332
341,357
199,093
103,335
412,329
213,628
167,295
1,098,769
335,151
1,264,327
616,867
245,772
550,309
315,689
989,644
253,630
336,160
363,076
3,357
3,318
3,305
3,290
3,197
3,193
3,139
3,108
3,054
3,044
3,044
2,996
2,993
2,977
2,943
2,897
2,862
2,829
2,763
2,750
2,718
2,671
2,655
2,575
2,547
2,510
2,472
2,453
2,421
2,394
2,314
2,248
2,229
2,196
2,191
2,169
2,121
2,105
2,103
2,060
2,059
2,051
2,037
1,990
1,977
1,938
1,846
1,802
1,788
1,751
1,732
1,720
1,686
1,681
1,679
1,669
1,647
1,644
1,640
1,638
1,633
1,616
1,614
1,590
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*,^
*
*,^
*,^
*
*
*
*,^
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*,^
*
*
*
*
*,^
*
*,^
*
*
*
*
*
*
*
*
Obagi Medical Products Inc.
Immunomedics Inc.
AVEO Pharmaceuticals Inc.
Navidea Biopharmaceuticals Inc.
ACADIA Pharmaceuticals Inc.
Synergy Pharmaceuticals Inc.
Vascular Solutions Inc.
Young Innovations Inc.
Five Star Quality Care Inc.
Endocyte Inc.
Tornier NV
Vical Inc.
PROLOR Biotech Inc.
Novavax Inc.
Greenway Medical Technologies
Providence Service Corp.
RTI Biologics Inc.
Affymetrix Inc.
CryoLife Inc.
Staar Surgical Co.
Enzon Pharmaceuticals Inc.
Cardiovascular Systems Inc.
Repros Therapeutics Inc.
Repligen Corp.
Sciclone Pharmaceuticals Inc.
PhotoMedex Inc.
XOMA Corp.
Assisted Living Concepts Inc. Class A
Clovis Oncology Inc.
Keryx Biopharmaceuticals Inc.
Geron Corp.
Threshold Pharmaceuticals Inc.
Cerus Corp.
Unilife Corp.
Chindex International Inc.
Anika Therapeutics Inc.
Almost Family Inc.
Palomar Medical Technologies Inc.
Epocrates Inc.
OncoGenex Pharmaceutical Inc.
Arqule Inc.
Cytori Therapeutics Inc.
NewLink Genetics Corp.
Furiex Pharmaceuticals Inc.
BioMimetic Therapeutics Inc.
Sagent Pharmaceuticals Inc.
Merge Healthcare Inc.
Albany Molecular Research Inc.
Osiris Therapeutics Inc.
Exactech Inc.
GTx Inc.
Rockwell Medical Technologies Inc.
Rochester Medical Corp.
Galena Biopharma Inc.
Pozen Inc.
Peregrine Pharmaceuticals Inc.
Solta Medical Inc.
Insmed Inc.
Progenics Pharmaceuticals Inc.
Omeros Corp.
Alphatec Holdings Inc.
Skilled Healthcare Group Inc.
Cross Country Healthcare Inc.
Targacept Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
360,542
572,446
407,489
517,958
27,488
40,567
341,384
275,339
157,114
724,015
177,317
279,422
627,239
360,384
260,567
476,000
462,581
71,419
112,607
441,417
821,798
528,390
816,110
1,006,733
148,858
140,974
442,809
244,287
317,442
196,274
410,009
297,763
745,565
349,478
314,317
1,317,541
938,091
466,248
179,126
146,670
505,923
283,242
471,061
53,486
158,504
2,873,327
377,221
308,682
1,114,369
535,493
524,870
135,961
1,332,000
344,762
425,176
128,907
136,811
386,346
298,203
123,149
274,736
433,888
245,644
190,406
1,579
1,551
1,508
1,492
1,490
1,462
1,434
1,432
1,414
1,390
1,348
1,336
1,305
1,294
1,251
1,247
1,240
1,211
1,210
1,192
1,175
1,115
1,085
1,057
1,027
1,011
1,010
1,002
997
973
955
938
917
884
880
870
863
863
858
839
804
802
801
800
777
776
773
759
724
712
682
673
665
617
604
597
575
572
558
548
547
547
543
543
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*,^
*
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*
*,^
*
*
*
*
*,^
*
*,^
*
*,^
*
*
*
*
*,^
*
*
*
*
*
*
*
*,^
*
*,^
*,^
*
*,^
*
*,^
*
*
*
*
*,^
*
*,^
*,^
*
*
Harvard Bioscience Inc.
Pain Therapeutics Inc.
Vanda Pharmaceuticals Inc.
Nanosphere Inc.
National Research Corp.
Utah Medical Products Inc.
Sunesis Pharmaceuticals Inc.
Anacor Pharmaceuticals Inc.
Cutera Inc.
Oncothyreon Inc.
PDI Inc.
Trius Therapeutics Inc.
Hansen Medical Inc.
Ampio Pharmaceuticals Inc.
Synergetics USA Inc.
SIGA Technologies Inc.
Amicus Therapeutics Inc.
TESARO Inc.
Psychemedics Corp.
Enzo Biochem Inc.
Corcept Therapeutics Inc.
Discovery Laboratories Inc.
Zogenix Inc.
Savient Pharmaceuticals Inc.
AtriCure Inc.
Supernus Pharmaceuticals Inc.
CardioNet Inc.
Agenus Inc.
Biotime Inc.
Lannett Co. Inc.
Horizon Pharma Inc.
Complete Genomics Inc.
Delcath Systems Inc.
RadNet Inc.
EnteroMedics Inc.
Cytokinetics Inc.
Durect Corp.
Biolase Inc.
Icad Inc.
BioClinica Inc.
Theragenics Corp.
Myrexis Inc.
Pacific Biosciences of California Inc.
Biospecifics Technologies Corp.
Sucampo Pharmaceuticals Inc. Class A
Cel-Sci Corp.
Digirad Corp.
Maxygen Inc.
Zalicus Inc.
Cleveland Biolabs Inc.
Cell Therapeutics Inc.
Alexza Pharmaceuticals Inc.
Inovio Pharmaceuticals Inc.
MELA Sciences Inc.
BioCryst Pharmaceuticals Inc.
Zeltiq Aesthetics Inc.
Cumberland Pharmaceuticals Inc.
Metabolix Inc.
CytRx Corp.
Transcept Pharmaceuticals Inc.
Apricus Biosciences Inc.
Aastrom Biosciences Inc.
Codexis Inc.
LCA-Vision Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
326,557
200,063
618,986
725,979
734,103
50,000
89,087
1,666,987
379,938
153,479
62,748
365,605
257,082
155,493
172,890
156,325
273,044
77,957
592,629
37,313
135,912
37,940
228,098
495,914
189,152
31,684
538,559
216,285
197,758
116,957
90,458
54,377
131,342
123,286
163,996
34,273
74,206
61,375
29,809
14,337
1,083,000
2,800
532
496
470
461
455
439
421
418
418
413
400
391
388
376
370
353
325
311
308
302
302
288
283
283
253
246
214
205
176
161
142
142
123
104
98
81
65
55
40
9
—
—
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
*
*,^
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*,^
*,^
*,^
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
StemCells Inc.
TranS1 Inc.
Chelsea Therapeutics International Ltd.
Columbia Laboratories Inc.
Anthera Pharmaceuticals Inc.
Verastem Inc.
Cornerstone Therapeutics Inc.
Hemispherx Biopharma Inc.
Cardica Inc.
Medical Action Industries Inc.
Alliance HealthCare Services Inc.
Strategic Diagnostics Inc.
BSD Medical Corp.
Bovie Medical Corp.
Arrowhead Research Corp.
Sharps Compliance Corp.
Vision Sciences Inc.
Biota Pharmaceuticals Inc.
Adolor Corp. Rights Exp. 07/01/2019
Heska Corp.
Acura Pharmaceuticals Inc.
Daxor Corp.
Biosante Pharmaceuticals Inc.
ADVENTRX Pharmaceuticals Inc.
GenVec Inc.
Pernix Therapeutics Holdings
Hooper Holmes Inc.
Forest Laboratories Inc. Contingent Value Rights Exp. 04/14/2018
Idera Pharmaceuticals Inc.
Entremed Inc.
Alimera Sciences Inc.
Stereotaxis Inc.
Authentidate Holding Corp.
ThermoGenesis Corp.
Palatin Technologies Inc.
Biodel Inc.
Retractable Technologies Inc.
ERBA Diagnostics Inc.
ProPhase Labs Inc.
PURE Bioscience Inc.
Allos Therapeutics Inc.
Neurogen Corp. H3 CVR
24,644,932
Industrials (11.1%)
General Electric Co.
United Technologies Corp.
3M Co.
Union Pacific Corp.
Caterpillar Inc.
Boeing Co.
United Parcel Service Inc. Class B
Honeywell International Inc.
Emerson Electric Co.
Danaher Corp.
Deere & Co.
Precision Castparts Corp.
FedEx Corp.
Illinois Tool Works Inc.
Lockheed Martin Corp.
Eaton Corp. plc
General Dynamics Corp.
CSX Corp.
141,246,422
11,587,237
8,785,486
6,335,567
8,738,894
9,554,061
9,716,171
9,919,721
9,729,512
7,906,589
4,977,463
1,944,375
3,991,038
5,644,317
3,688,879
6,196,661
4,011,357
13,912,106
2,964,762
950,269
815,732
796,507
782,830
719,994
716,373
629,605
515,275
441,978
430,152
368,304
366,058
343,231
340,447
335,859
277,867
274,486
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
4,274,233
2,419,844
4,441,558
3,141,675
4,492,476
5,891,078
4,123,549
6,151,814
3,763,619
1,999,207
2,445,477
792,526
1,886,317
2,136,677
1,307,144
3,092,774
2,800,606
2,157,874
11,363,172
2,231,223
1,470,052
3,240,974
4,148,887
2,813,590
1,144,628
1,804,574
4,441,181
9,929,520
683,317
1,291,380
1,883,604
1,552,868
3,754,031
1,414,865
653,339
1,601,860
4,812,972
2,797,928
1,257,605
1,735,058
747,232
1,390,405
4,220,981
2,479,838
1,299,074
2,147,294
1,533,831
1,890,397
777,211
1,899,471
1,968,546
689,721
1,800,044
639,964
854,730
1,504,248
1,105,407
1,563,962
1,114,024
1,689,051
1,061,025
836,993
771,480
1,052,915
264,319
262,190
255,656
212,314
203,105
198,765
197,765
179,941
175,723
170,053
160,692
160,384
158,432
158,050
145,720
143,783
137,650
136,421
134,881
131,062
122,720
121,763
121,687
111,277
106,759
104,972
103,835
101,678
100,311
98,946
96,064
93,576
93,062
90,240
89,089
86,693
80,184
76,355
75,092
73,861
71,734
68,686
68,675
67,204
63,811
62,744
62,734
62,081
61,392
58,979
58,899
58,371
57,277
56,022
55,720
55,642
52,872
52,846
51,836
51,668
51,651
49,182
48,696
47,929
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Norfolk Southern Corp.
Cummins Inc.
Raytheon Co.
Northrop Grumman Corp.
PACCAR Inc.
Waste Management Inc.
Ingersoll-Rand plc
Tyco International Ltd.
Fastenal Co.
Parker Hannifin Corp.
Dover Corp.
WW Grainger Inc.
Rockwell Automation Inc.
Stanley Black & Decker Inc.
Roper Industries Inc.
ADT Corp.
Pentair Ltd.
CH Robinson Worldwide Inc.
Delta Air Lines Inc.
Fluor Corp.
Kansas City Southern
AMETEK Inc.
Republic Services Inc. Class A
Expeditors International of Washington Inc.
Stericycle Inc.
Rockwell Collins Inc.
United Continental Holdings Inc.
Southwest Airlines Co.
Flowserve Corp.
L-3 Communications Holdings Inc.
Verisk Analytics Inc. Class A
Pall Corp.
Textron Inc.
Joy Global Inc.
TransDigm Group Inc.
Equifax Inc.
Masco Corp.
Quanta Services Inc.
JB Hunt Transport Services Inc.
Jacobs Engineering Group Inc.
IHS Inc. Class A
B/E Aerospace Inc.
Hertz Global Holdings Inc.
Xylem Inc.
AGCO Corp.
Fortune Brands Home & Security Inc.
Cintas Corp.
Donaldson Co. Inc.
Snap-on Inc.
Iron Mountain Inc.
KBR Inc.
Hubbell Inc. Class B
Robert Half International Inc.
Wabtec Corp.
WABCO Holdings Inc.
Owens Corning
Timken Co.
Waste Connections Inc.
IDEX Corp.
Nielsen Holdings NV
Lincoln Electric Holdings Inc.
Carlisle Cos. Inc.
Nordson Corp.
United Rentals Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
1,370,513
678,378
1,337,735
600,123
625,097
661,492
591,702
1,060,113
783,537
320,132
667,594
1,067,736
1,312,700
1,444,139
809,111
672,278
1,472,502
747,203
879,824
939,587
1,027,722
563,619
584,664
566,281
1,060,408
1,424,551
1,328,033
1,441,114
683,542
788,754
527,099
1,102,691
623,174
1,354,292
250,160
667,080
826,947
518,442
885,617
467,275
577,738
749,603
860,906
1,601,688
2,163,150
622,294
621,650
659,626
2,679,846
2,488,611
1,415,018
998,881
1,172,411
437,272
601,011
1,589,371
356,713
943,962
398,395
1,671,160
410,964
921,721
592,936
1,072,486
47,858
47,588
47,449
47,200
47,120
45,312
45,017
44,991
44,043
43,714
43,594
42,709
42,637
42,602
41,661
41,607
41,392
41,104
41,009
40,487
40,348
39,718
39,424
38,354
37,984
37,323
35,804
35,048
34,129
33,901
33,244
32,695
32,692
32,232
32,073
31,873
31,532
30,821
30,651
30,406
30,343
30,246
29,512
29,503
29,203
28,937
28,770
28,588
28,514
28,047
28,046
28,039
27,505
27,093
27,040
26,972
26,718
26,620
26,561
26,204
26,141
25,725
25,674
25,203
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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^
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Avery Dennison Corp.
SPX Corp.
Corrections Corp. of America
Dun & Bradstreet Corp.
MSC Industrial Direct Co. Inc. Class A
Gardner Denver Inc.
Genesee & Wyoming Inc. Class A
Manpower Inc.
Towers Watson & Co. Class A
Valmont Industries Inc.
Triumph Group Inc.
Kennametal Inc.
Sensata Technologies Holding NV
Copart Inc.
Graco Inc.
Kirby Corp.
Terex Corp.
Clean Harbors Inc.
Shaw Group Inc.
Alaska Air Group Inc.
URS Corp.
Regal-Beloit Corp.
WESCO International Inc.
Acuity Brands Inc.
Trinity Industries Inc.
Babcock & Wilcox Co.
Hexcel Corp.
Foster Wheeler AG
Ryder System Inc.
Toro Co.
AO Smith Corp.
Oshkosh Corp.
Landstar System Inc.
AECOM Technology Corp.
Middleby Corp.
CLARCOR Inc.
Woodward Inc.
Robbins & Myers Inc.
EMCOR Group Inc.
Teledyne Technologies Inc.
Lennox International Inc.
Colfax Corp.
Old Dominion Freight Line Inc.
Covanta Holding Corp.
US Airways Group Inc.
Polypore International Inc.
Crane Co.
Huntington Ingalls Industries Inc.
Pitney Bowes Inc.
Exelis Inc.
Avis Budget Group Inc.
USG Corp.
ITT Corp.
Alliant Techsystems Inc.
Belden Inc.
Spirit Aerosystems Holdings Inc. Class A
Watsco Inc.
Geo Group Inc.
Chart Industries Inc.
Manitowoc Co. Inc.
Esterline Technologies Corp.
Actuant Corp. Class A
GATX Corp.
Harsco Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
638,996
527,440
845,107
652,092
672,067
462,376
2,400,065
521,426
990,412
445,679
501,465
628,658
743,477
664,695
802,626
844,694
878,182
381,479
1,378,356
559,054
430,882
3,215,189
558,560
601,546
630,861
353,587
664,132
609,880
510,078
775,726
492,460
491,074
526,251
262,169
374,920
734,931
492,624
353,057
1,612,371
203,733
298,557
730,003
199,345
400,213
817,273
717,989
1,091,952
562,468
607,442
386,349
168,403
634,679
826,610
354,387
103,914
468,529
600,846
709,529
334,750
578,416
359,722
495,978
4,716
452,487
24,045
24,030
22,353
21,780
21,667
21,635
21,601
21,394
21,294
21,152
21,067
20,922
20,684
20,213
20,009
19,622
19,355
19,085
18,470
18,449
18,403
18,359
18,338
18,082
17,998
17,937
17,035
16,942
16,725
16,616
16,547
16,510
16,309
16,299
16,118
15,999
15,754
15,644
15,140
14,956
14,949
14,775
14,616
14,560
14,482
14,324
13,911
13,904
13,643
13,526
13,492
13,379
13,292
13,258
13,177
13,100
13,050
12,963
12,864
12,534
12,342
12,122
11,931
11,928
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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EnerSys Inc.
Macquarie Infrastructure Co. LLC
Tetra Tech Inc.
Brady Corp. Class A
Deluxe Corp.
Advisory Board Co.
RR Donnelley & Sons Co.
Moog Inc. Class A
Air Lease Corp.
Corporate Executive Board Co.
Applied Industrial Technologies Inc.
Beacon Roofing Supply Inc.
Con-way Inc.
General Cable Corp.
MasTec Inc.
Healthcare Services Group Inc.
Rollins Inc.
Mueller Industries Inc.
UTi Worldwide Inc.
FTI Consulting Inc.
Mine Safety Appliances Co.
JetBlue Airways Corp.
Curtiss-Wright Corp.
HNI Corp.
Brink's Co.
Armstrong World Industries Inc.
Acacia Research Corp.
MRC Global Inc.
Simpson Manufacturing Co. Inc.
Herman Miller Inc.
Hub Group Inc. Class A
Granite Construction Inc.
United Stationers Inc.
Franklin Electric Co. Inc.
Watts Water Technologies Inc. Class A
Navistar International Corp.
HEICO Corp. Class A
Atlas Air Worldwide Holdings Inc.
GrafTech International Ltd.
Allegiant Travel Co. Class A
RBC Bearings Inc.
KAR Auction Services Inc.
UniFirst Corp.
TAL International Group Inc.
Spirit Airlines Inc.
ABM Industries Inc.
Steelcase Inc. Class A
Matson Inc.
Barnes Group Inc.
Forward Air Corp.
Lindsay Corp.
Briggs & Stratton Corp.
Interface Inc. Class A
ESCO Technologies Inc.
Amerco Inc.
Trimas Corp.
Titan International Inc.
II-VI Inc.
AZZ Inc.
Werner Enterprises Inc.
Generac Holdings Inc.
DigitalGlobe Inc.
Seaboard Corp.
Raven Industries Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
587,993
2,077,713
793,350
315,040
924,384
519,660
274,205
1,498,764
514,838
772,790
1,157,693
425,143
301,609
640,445
210,980
528,708
482,688
615,977
633,673
174,315
221,366
250,859
246,879
287,662
374,449
569,732
308,335
682,706
444,353
159,539
247,881
252,752
163,930
668,649
541,132
206,790
264,626
896,484
376,988
351,233
356,965
676,210
192,921
679,728
115,773
117,040
360,833
242,916
322,502
267,325
604,877
271,021
188,520
234,777
487,923
329,501
375,456
742,049
715,376
465,576
128,391
256,726
263,569
389,721
11,925
11,656
11,607
11,593
11,592
11,531
11,215
11,001
10,724
10,641
10,558
10,174
10,161
10,157
10,121
9,876
9,852
9,745
9,733
9,732
9,729
9,543
9,391
9,366
8,976
8,973
8,948
8,923
8,798
8,515
8,465
8,424
8,408
8,331
8,236
8,187
8,132
8,041
8,030
7,966
7,871
7,749
7,605
7,586
7,550
7,526
7,458
7,363
7,266
7,261
7,222
7,068
7,019
7,003
6,724
6,719
6,672
6,627
6,395
6,378
6,300
6,231
6,204
6,204
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
On Assignment Inc.
Mueller Water Products Inc. Class A
Knight Transportation Inc.
Kaman Corp.
Aircastle Ltd.
Aegion Corp. Class A
EnPro Industries Inc.
ACCO Brands Corp.
Mobile Mini Inc.
Orbital Sciences Corp.
Swift Transportation Co.
Kaydon Corp.
Huron Consulting Group Inc.
Korn/Ferry International
Cubic Corp.
AAR Corp.
Quanex Building Products Corp.
Blount International Inc.
Knoll Inc.
Exponent Inc.
Tennant Co.
Team Inc.
Universal Forest Products Inc.
Insperity Inc.
Apogee Enterprises Inc.
TrueBlue Inc.
McGrath RentCorp
Heartland Express Inc.
Dycom Industries Inc.
Sauer-Danfoss Inc.
G&K Services Inc. Class A
Astec Industries Inc.
Standex International Corp.
SkyWest Inc.
Sykes Enterprises Inc.
CIRCOR International Inc.
GeoEye Inc.
Wabash National Corp.
Rexnord Corp.
Albany International Corp.
Altra Holdings Inc.
Griffon Corp.
Proto Labs Inc.
Navigant Consulting Inc.
American Science & Engineering Inc.
Cascade Corp.
Rush Enterprises Inc. Class A
Encore Wire Corp.
Thermon Group Holdings Inc.
Viad Corp.
Resources Connection Inc.
Sun Hydraulics Corp.
Trex Co. Inc.
Gorman-Rupp Co.
InnerWorkings Inc.
Quad/Graphics Inc.
John Bean Technologies Corp.
Great Lakes Dredge & Dock Corp.
Taser International Inc.
Tutor Perini Corp.
DXP Enterprises Inc.
Layne Christensen Co.
US Ecology Inc.
Gibraltar Industries Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
807,913
258,480
497,364
269,763
414,472
375,860
392,261
645,275
237,274
1,208,438
371,216
340,113
123,962
110,108
296,032
256,026
214,428
336,628
234,391
245,380
228,197
120,402
862,284
205,873
103,377
207,457
63,395
163,131
121,423
634,030
226,974
285,248
212,239
127,684
217,018
104,726
240,123
337,270
387,771
220,801
135,823
4,235,971
284,433
167,030
214,919
152,666
109,582
200,841
231,822
253,345
244,672
272,317
293,519
676,360
147,467
583,014
1,050,114
935,714
539,156
175,061
251,874
315,304
244,902
169,772
6,148
6,059
6,048
6,002
5,939
5,916
5,911
5,904
5,861
5,716
5,583
5,500
5,385
5,373
5,349
5,343
5,294
5,208
5,096
5,067
5,009
5,000
4,812
4,760
4,627
4,562
4,381
4,325
4,240
4,166
4,117
4,105
4,088
4,051
3,991
3,989
3,967
3,916
3,893
3,787
3,779
3,770
3,757
3,745
3,735
3,662
3,577
3,575
3,538
3,522
3,509
3,456
3,449
3,402
3,374
3,312
3,276
3,275
3,186
3,146
3,143
3,011
3,005
2,908
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
^
*
*
*
*
*
*
*
*,^
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
Federal Signal Corp.
ICF International Inc.
Comfort Systems USA Inc.
MYR Group Inc.
Kforce Inc.
Kelly Services Inc. Class A
H&E Equipment Services Inc.
GenCorp Inc.
Titan Machinery Inc.
Meritor Inc.
Primoris Services Corp.
Greenbrier Cos. Inc.
LB Foster Co. Class A
Hyster-Yale Materials Handling Inc.
Celadon Group Inc.
AAON Inc.
Mistras Group Inc.
Ennis Inc.
Aerovironment Inc.
GP Strategies Corp.
CAI International Inc.
Powell Industries Inc.
Builders FirstSource Inc.
Saia Inc.
HEICO Corp.
Standard Parking Corp.
National Presto Industries Inc.
Kadant Inc.
Consolidated Graphics Inc.
Hawaiian Holdings Inc.
Roadrunner Transportation Systems Inc.
Douglas Dynamics Inc.
Engility Holdings Inc.
American Railcar Industries Inc.
Marten Transport Ltd.
Barrett Business Services Inc.
Columbus McKinnon Corp.
Kimball International Inc. Class B
Aceto Corp.
Global Power Equipment Group Inc.
American Woodmark Corp.
Capstone Turbine Corp.
Wesco Aircraft Holdings Inc.
FreightCar America Inc.
XPO Logistics Inc.
Multi-Color Corp.
Alamo Group Inc.
WageWorks Inc.
Heidrick & Struggles International Inc.
NCI Building Systems Inc.
Lydall Inc.
KEYW Holding Corp.
EnerNOC Inc.
Kratos Defense & Security Solutions Inc.
Astronics Corp.
Republic Airways Holdings Inc.
EnergySolutions Inc.
Flow International Corp.
CBIZ Inc.
Echo Global Logistics Inc.
Insteel Industries Inc.
Arkansas Best Corp.
Houston Wire & Cable Co.
CDI Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
113,450
118,499
338,130
146,538
300,535
670,267
134,795
316,472
130,048
862,369
266,363
342,820
1,420,538
187,435
452,369
173,820
109,469
183,822
149,815
227,409
170,414
1,700,074
110,258
129,869
213,969
220,036
131,526
68,638
265,399
682,434
185,132
104,708
90,947
400,220
195,310
520,937
1,897,843
95,281
74,207
211,406
209,706
507,606
415,203
268,145
26,909
602,395
105,689
202,158
556,358
396,249
252,789
308,810
135,779
346,844
81,256
120,593
135,760
92,142
651,835
217,977
439,473
114,331
208,915
46,438
2,828
2,827
2,786
2,762
2,753
2,688
2,629
2,598
2,571
2,561
2,544
2,506
2,486
2,467
2,429
2,416
2,333
2,301
2,285
2,204
2,198
2,159
2,132
2,100
2,099
1,989
1,974
1,951
1,860
1,843
1,840
1,825
1,817
1,793
1,775
1,771
1,740
1,715
1,707
1,651
1,638
1,629
1,619
1,609
1,599
1,578
1,512
1,427
1,424
1,383
1,370
1,353
1,350
1,349
1,339
1,327
1,287
1,278
1,278
1,269
1,235
1,233
1,155
1,138
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*,^
*
*
*
*
*,^
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
^
*
*
*
*
*,^
*
*
*
*,^
*
*
*
*
*
*
*
*
*
Michael Baker Corp.
Northwest Pipe Co.
Zipcar Inc.
SeaCube Container Leasing Ltd.
NN Inc.
Air Transport Services Group Inc.
Graham Corp.
Commercial Vehicle Group Inc.
CRA International Inc.
Odyssey Marine Exploration Inc.
Pike Electric Corp.
Orion Marine Group Inc.
Swisher Hygiene Inc.
Schawk Inc. Class A
Furmanite Corp.
Dynamic Materials Corp.
Park-Ohio Holdings Corp.
TMS International Corp. Class A
Miller Industries Inc.
Met-Pro Corp.
Franklin Covey Co.
Pendrell Corp.
LMI Aerospace Inc.
Ducommun Inc.
Ameresco Inc. Class A
RPX Corp.
Heritage-Crystal Clean Inc.
Patriot Transportation Holding Inc.
LSI Industries Inc.
Cenveo Inc.
Sterling Construction Co. Inc.
Twin Disc Inc.
Ampco-Pittsburgh Corp.
Hudson Global Inc.
PMFG Inc.
Energy Recovery Inc.
FuelCell Energy Inc.
Argan Inc.
Hurco Cos. Inc.
Acorn Energy Inc.
PowerSecure International Inc.
Accuride Corp.
Pacer International Inc.
Quality Distribution Inc.
Preformed Line Products Co.
American Superconductor Corp.
Willis Lease Finance Corp.
Edgen Group Inc.
American Reprographics Co.
Genco Shipping & Trading Ltd.
Vicor Corp.
Casella Waste Systems Inc. Class A
Hardinge Inc.
Dolan Co.
International Shipholding Corp.
Courier Corp.
Intersections Inc.
Sparton Corp.
Metalico Inc.
TRC Cos. Inc.
BlueLinx Holdings Inc.
AT Cross Co. Class A
Covenant Transportation Group Inc. Class A
VSE Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
302,887
242,104
107,251
358,373
45,070
60,712
224,368
90,489
238,921
168,953
233,201
437,525
71,807
64,325
61,693
7,600
58,996
187,566
44,518
51,674
158,780
113,196
124,211
139,893
666,988
159,526
101,940
110,079
193,463
73,831
91,517
262,144
185,060
72,349
251,080
270,234
45,918
117,752
17,932
1,109
1,089
1,067
1,054
1,032
960
942
839
822
781
756
726
711
672
631
590
572
559
550
532
532
528
492
480
454
413
348
336
290
225
199
165
165
156
156
135
101
68
18
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*,^
*,^
*
*
Hill International Inc.
PGT Inc.
Ceco Environmental Corp.
API Technologies Corp.
Astronics Corp. Class B
Eastern Co.
Fuel Tech Inc.
Coleman Cable Inc.
Innovative Solutions & Support Inc.
Tecumseh Products Co. Class A
Ultralife Corp.
Orion Energy Systems Inc.
Lawson Products Inc.
Key Technology Inc.
PAM Transportation Services Inc.
Hubbell Inc. Class A
LS Starrett Co. Class A
Baltic Trading Ltd.
Omega Flex Inc.
Magnetek Inc.
Active Power Inc.
Integrated Electrical Services Inc.
Sypris Solutions Inc.
USA Truck Inc.
Perma-Fix Environmental Services
Virco Manufacturing Corp.
Supreme Industries Inc. Class A
Xerium Technologies Inc.
Eagle Bulk Shipping Inc.
Innotrac Corp.
Broadwind Energy Inc.
Standard Register Co.
Frozen Food Express Industries
Ocean Power Technologies Inc.
Ascent Solar Technologies Inc.
Plug Power Inc.
Altair Nanotechnologies Inc.
Lime Energy Co.
Arotech Corp.
23,291,784
Information Technology (18.4%)
Apple Inc.
International Business Machines Corp.
Microsoft Corp.
*
Google Inc. Class A
Oracle Corp.
QUALCOMM Inc.
Cisco Systems Inc.
Intel Corp.
Visa Inc. Class A
*
eBay Inc.
*
EMC Corp.
Mastercard Inc. Class A
Accenture plc Class A
Texas Instruments Inc.
Hewlett-Packard Co.
Automatic Data Processing Inc.
*
Facebook Inc. Class A
*
Yahoo! Inc.
*
Salesforce.com Inc.
*
Cognizant Technology Solutions Corp. Class A
Corning Inc.
*
Adobe Systems Inc.
Broadcom Corp. Class A
12,539,748
14,522,688
100,930,764
3,504,427
52,251,020
22,785,895
71,659,437
66,925,509
7,056,763
15,514,799
28,074,813
1,441,197
8,491,835
15,219,966
26,377,441
6,481,382
13,236,967
15,054,380
1,766,498
3,994,041
19,918,701
6,578,405
6,782,311
6,684,062
2,781,821
2,697,879
2,485,935
1,741,004
1,413,181
1,408,108
1,380,673
1,069,664
791,565
710,293
708,031
564,707
470,906
375,879
369,504
352,500
299,582
296,948
295,759
251,374
247,874
225,241
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
3,732,136
5,722,936
19,723,359
3,447,008
16,554,108
9,390,015
3,998,613
2,501,052
4,860,181
4,275,204
4,778,132
1,813,116
3,227,869
2,253,180
2,151,312
7,037,030
2,579,593
4,363,009
643,878
2,973,613
3,503,351
1,065,616
17,467,816
3,899,522
3,149,384
8,049,598
1,449,579
3,029,295
2,225,325
3,077,063
3,280,103
1,098,504
1,056,166
8,278,348
1,679,648
2,371,533
666,905
4,387,195
2,436,238
13,597,664
2,131,012
2,588,392
2,077,346
1,233,818
2,088,024
1,514,400
3,293,810
1,992,623
5,938,326
4,253,921
1,899,028
1,248,410
1,467,012
8,930,654
2,125,745
7,512,631
2,549,738
1,093,417
1,471,725
935,130
563,530
3,672,862
2,181,884
1,054,986
222,062
212,435
199,798
191,929
189,379
176,626
168,182
164,444
163,059
147,238
145,638
143,291
140,606
139,449
139,190
138,418
136,615
135,864
132,768
126,349
125,770
122,354
119,131
114,646
109,630
109,555
107,660
107,086
106,282
105,543
103,848
103,413
102,607
101,741
100,409
97,019
96,541
96,431
88,021
86,345
84,516
84,356
83,198
83,085
81,057
74,145
73,518
63,445
63,065
61,810
58,129
57,452
55,864
55,459
54,164
53,189
51,760
51,719
50,009
50,001
49,624
49,620
48,023
47,791
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
*
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*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
Intuit Inc.
TE Connectivity Ltd.
Dell Inc.
Motorola Solutions Inc.
Applied Materials Inc.
Symantec Corp.
Analog Devices Inc.
Citrix Systems Inc.
NetApp Inc.
Altera Corp.
Seagate Technology plc
Fiserv Inc.
SanDisk Corp.
Teradata Corp.
Amphenol Corp. Class A
Juniper Networks Inc.
Red Hat Inc.
Paychex Inc.
Equinix Inc.
Western Digital Corp.
Xilinx Inc.
LinkedIn Corp. Class A
Xerox Corp.
Maxim Integrated Products Inc.
Fidelity National Information Services Inc.
Western Union Co.
Rackspace Hosting Inc.
Autodesk Inc.
KLA-Tencor Corp.
Linear Technology Corp.
Avago Technologies Ltd. Class A
VMware Inc. Class A
F5 Networks Inc.
NVIDIA Corp.
Trimble Navigation Ltd.
Akamai Technologies Inc.
Alliance Data Systems Corp.
CA Inc.
Lam Research Corp.
Micron Technology Inc.
BMC Software Inc.
Microchip Technology Inc.
Computer Sciences Corp.
ANSYS Inc.
VeriSign Inc.
Harris Corp.
Nuance Communications Inc.
Synopsys Inc.
Activision Blizzard Inc.
Electronic Arts Inc.
Avnet Inc.
Gartner Inc.
Arrow Electronics Inc.
Flextronics International Ltd.
NCR Corp.
LSI Corp.
Skyworks Solutions Inc.
IAC/InterActiveCorp
Cree Inc.
Solera Holdings Inc.
FactSet Research Systems Inc.
Cadence Design Systems Inc.
TIBCO Software Inc.
Global Payments Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
2,465,063
6,402,869
2,137,544
1,072,433
2,038,820
1,449,999
1,095,814
6,086,356
1,441,661
2,508,156
624,937
3,111,685
793,676
3,653,604
761,521
2,035,125
570,566
5,884,622
1,670,015
1,255,464
884,746
489,202
1,591,783
394,424
666,693
1,686,709
441,275
1,246,402
2,010,064
1,306,900
339,970
356,759
2,873,360
1,493,417
5,805,420
1,128,378
443,784
455,177
1,127,097
451,781
690,693
481,537
377,323
873,101
1,538,502
813,143
1,116,969
858,905
1,182,467
2,358,919
798,784
1,686,500
585,756
376,136
522,147
379,038
527,129
523,997
1,464,844
537,990
1,504,013
1,025,337
945,340
550,031
47,551
46,485
45,786
45,514
45,486
43,964
43,022
42,909
42,789
42,363
42,196
42,132
41,628
41,359
40,856
40,133
39,774
38,544
38,210
37,174
37,097
36,871
35,831
35,668
35,568
35,539
34,671
34,451
34,010
33,731
32,097
31,884
31,233
30,988
30,943
30,376
29,578
28,776
27,749
27,378
27,130
26,706
25,394
25,276
25,247
25,110
24,931
24,883
24,879
24,674
24,451
24,286
24,075
24,065
23,773
23,538
23,484
22,893
22,603
22,493
22,470
22,270
21,922
21,396
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
*
*
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*
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*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*
Jabil Circuit Inc.
Marvell Technology Group Ltd.
Total System Services Inc.
MICROS Systems Inc.
FLIR Systems Inc.
Informatica Corp.
Jack Henry & Associates Inc.
ON Semiconductor Corp.
VeriFone Systems Inc.
Teradyne Inc.
Concur Technologies Inc.
JDS Uniphase Corp.
SolarWinds Inc.
SAIC Inc.
FleetCor Technologies Inc.
Riverbed Technology Inc.
CommVault Systems Inc.
Atmel Corp.
Broadridge Financial Solutions Inc.
AOL Inc.
NeuStar Inc. Class A
WEX Inc.
Parametric Technology Corp.
Cymer Inc.
3D Systems Corp.
Fortinet Inc.
MercadoLibre Inc.
Aspen Technology Inc.
Ingram Micro Inc.
National Instruments Corp.
Ultimate Software Group Inc.
CoStar Group Inc.
Compuware Corp.
Aruba Networks Inc.
Brocade Communications Systems Inc.
CoreLogic Inc.
IPG Photonics Corp.
MAXIMUS Inc.
Lender Processing Services Inc.
DST Systems Inc.
Zebra Technologies Corp.
FEI Co.
NetSuite Inc.
Semtech Corp.
Convergys Corp.
First Solar Inc.
Molex Inc. Class A
Cirrus Logic Inc.
Microsemi Corp.
Polycom Inc.
Diebold Inc.
Fairchild Semiconductor International Inc. Class A
InterDigital Inc.
Anixter International Inc.
Tech Data Corp.
Hittite Microwave Corp.
Itron Inc.
ACI Worldwide Inc.
Rovi Corp.
Silicon Laboratories Inc.
Arris Group Inc.
QLIK Technologies Inc.
Lexmark International Inc. Class A
ViaSat Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
578,003
1,245,637
1,333,679
1,913,211
662,788
1,656,408
744,718
1,231,978
506,408
1,875,100
472,366
538,137
1,001,074
654,150
7,991,410
935,125
307,505
397,760
592,897
702,205
840,569
1,009,778
361,359
781,194
497,366
581,709
1,814,880
3,676,609
921,082
562,573
252,046
265,524
693,902
314,247
541,884
285,879
3,010,482
1,480,823
798,742
523,017
517,684
507,330
500,578
558,303
606,042
1,703,855
5,887,206
1,906,176
416,293
595,593
815,143
574,994
557,230
439,814
347,143
486,159
381,493
310,351
762,174
1,276,896
470,026
1,080,935
346,237
460,814
21,311
21,201
20,939
20,739
20,686
20,407
20,353
20,081
19,963
19,932
19,854
19,814
19,431
19,186
19,179
19,095
18,976
18,782
18,131
18,103
17,644
17,631
17,504
17,280
17,020
16,881
16,661
16,471
16,331
16,157
16,141
16,022
15,911
15,907
15,866
15,732
15,685
15,638
15,607
15,440
15,272
15,078
15,032
14,304
14,303
14,125
13,953
13,915
13,679
13,597
13,319
13,294
13,229
13,181
12,948
12,830
12,822
12,681
12,667
12,424
12,216
11,966
11,904
11,889
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
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*
*
*
^
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*
*
*
*
*
*,^
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
Plantronics Inc.
Mentor Graphics Corp.
Ciena Corp.
Cypress Semiconductor Corp.
Cavium Inc.
TiVo Inc.
Molex Inc.
Finisar Corp.
NETGEAR Inc.
Vishay Intertechnology Inc.
Fair Isaac Corp.
Cognex Corp.
ValueClick Inc.
Dolby Laboratories Inc. Class A
Advanced Micro Devices Inc.
Vantiv Inc. Class A
Littelfuse Inc.
Sourcefire Inc.
j2 Global Inc.
MKS Instruments Inc.
Progress Software Corp.
Acxiom Corp.
Tyler Technologies Inc.
Acme Packet Inc.
EchoStar Corp. Class A
Splunk Inc.
Entegris Inc.
RF Micro Devices Inc.
International Rectifier Corp.
Dealertrack Technologies Inc.
OSI Systems Inc.
Manhattan Associates Inc.
Fusion-io Inc.
Coherent Inc.
VirnetX Holding Corp.
CACI International Inc. Class A
PMC - Sierra Inc.
Sapient Corp.
ADTRAN Inc.
Veeco Instruments Inc.
Heartland Payment Systems Inc.
Guidewire Software Inc.
ServiceNow Inc.
Universal Display Corp.
Euronet Worldwide Inc.
Intersil Corp. Class A
Zynga Inc. Class A
Integrated Device Technology Inc.
VistaPrint NV
Blackbaud Inc.
NIC Inc.
SS&C Technologies Holdings Inc.
Cardtronics Inc.
Synaptics Inc.
Ultratech Inc.
Bottomline Technologies Inc.
Power Integrations Inc.
Liquidity Services Inc.
Benchmark Electronics Inc.
QLogic Corp.
Netscout Systems Inc.
Sanmina Corp.
SYNNEX Corp.
Plexus Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
221,485
1,077,269
617,373
239,385
365,862
688,384
2,926,425
798,402
309,245
627,334
213,170
115,823
217,217
2,202,625
885,185
292,130
4,632,940
743,900
482,109
3,071,376
331,709
437,647
573,162
555,413
669,157
178,809
440,510
315,360
1,391,851
1,575,288
420,702
435,137
662,138
1,467,006
1,165,363
178,471
316,973
479,525
286,833
313,771
447,051
383,988
373,259
221,572
489,946
1,547,260
499,180
488,754
518,214
492,503
266,723
669,560
797,413
654,745
521,975
849,859
872,340
484,372
430,778
198,773
124,693
263,225
180,430
200,446
11,869
11,861
11,724
11,682
11,623
11,303
11,238
11,106
10,981
10,897
10,857
10,816
10,787
10,661
10,613
10,613
10,563
10,474
10,399
9,859
9,795
9,751
9,732
9,609
9,596
9,570
9,418
9,259
8,991
8,853
8,784
8,703
8,701
8,523
8,507
8,461
8,400
8,320
8,183
8,139
8,127
8,098
8,092
7,906
7,873
7,845
7,842
7,810
7,670
7,407
7,402
7,218
7,217
7,209
7,209
7,139
7,022
6,970
6,871
6,830
6,816
6,773
6,725
6,723
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
*
*
^
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
Syntel Inc.
Take-Two Interactive Software Inc.
Electronics for Imaging Inc.
OpenTable Inc.
ScanSource Inc.
Tessera Technologies Inc.
Comverse Technology Inc.
Spansion Inc. Class A
Cabot Microelectronics Corp.
Insight Enterprises Inc.
MTS Systems Corp.
MicroStrategy Inc. Class A
Rogers Corp.
TriQuint Semiconductor Inc.
Kulicke & Soffa Industries Inc.
BroadSoft Inc.
Tellabs Inc.
OmniVision Technologies Inc.
RealPage Inc.
MEMC Electronic Materials Inc.
Cornerstone OnDemand Inc.
Monolithic Power Systems Inc.
Ixia
Unisys Corp.
WebMD Health Corp.
Palo Alto Networks Inc.
Advent Software Inc.
Verint Systems Inc.
EarthLink Inc.
Monster Worldwide Inc.
ATMI Inc.
ExactTarget Inc.
LivePerson Inc.
Infinera Corp.
Emulex Corp.
Badger Meter Inc.
ExlService Holdings Inc.
Diodes Inc.
Comverse Inc.
Mantech International Corp. Class A
CSG Systems International Inc.
Synchronoss Technologies Inc.
Rofin-Sinar Technologies Inc.
FARO Technologies Inc.
Ebix Inc.
Harmonic Inc.
Blucora Inc.
Monotype Imaging Holdings Inc.
Web.com Group Inc.
Websense Inc.
Ellie Mae Inc.
AVX Corp.
Accelrys Inc.
Freescale Semiconductor Ltd.
Advanced Energy Industries Inc.
Applied Micro Circuits Corp.
Brooks Automation Inc.
Digital River Inc.
Cray Inc.
Measurement Specialties Inc.
Loral Space & Communications Inc.
Park Electrochemical Corp.
SPS Commerce Inc.
Interactive Intelligence Group Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
494,363
1,188,837
320,150
366,654
526,690
255,533
411,167
819,561
695,438
1,302,723
355,756
661,846
628,656
1,547,668
273,657
536,925
429,460
1,394,431
1,104,919
633,039
417,161
334,028
401,888
722,064
230,662
416,906
1,362,436
208,495
1,096,251
483,398
415,426
494,078
124,978
276,033
222,382
487,020
433,561
404,013
301,896
253,391
2,756,929
1,551,469
500,484
184,306
291,409
774,689
1,228,070
679,163
355,312
374,758
495,770
251,256
619,110
311,669
419,025
402,777
291,776
153,325
250,092
386,469
246,034
393,436
333,901
244,223
6,649
6,646
6,637
6,589
6,557
6,485
6,484
6,425
6,398
6,357
6,332
6,288
6,199
6,175
6,133
6,019
5,978
5,926
5,845
5,811
5,749
5,735
5,711
5,647
5,614
5,607
5,600
5,588
5,437
5,351
5,309
5,306
5,274
5,049
5,044
4,885
4,817
4,759
4,755
4,700
4,687
4,685
4,680
4,645
4,639
4,617
4,470
4,455
4,452
4,448
4,412
4,367
4,297
4,295
4,287
4,245
4,207
4,189
4,177
4,108
4,042
4,013
4,004
3,873
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
*
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*
*,^
*,^
*
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*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*,^
*
Newport Corp.
United Online Inc.
TNS Inc.
Infoblox Inc.
Bankrate Inc.
Comtech Telecommunications Corp.
iGATE Corp.
Global Cash Access Holdings Inc.
TTM Technologies Inc.
Rambus Inc.
TeleTech Holdings Inc.
Micrel Inc.
Intermec Inc.
Lattice Semiconductor Corp.
LogMeIn Inc.
RealD Inc.
Booz Allen Hamilton Holding Corp.
Amkor Technology Inc.
Entropic Communications Inc.
Dice Holdings Inc.
comScore Inc.
Volterra Semiconductor Corp.
Constant Contact Inc.
MIPS Technologies Inc. Class A
Black Box Corp.
Rudolph Technologies Inc.
Power-One Inc.
Forrester Research Inc.
Silicon Image Inc.
Daktronics Inc.
EPIQ Systems Inc.
Checkpoint Systems Inc.
Cass Information Systems Inc.
PROS Holdings Inc.
Pegasystems Inc.
Methode Electronics Inc.
InvenSense Inc.
Perficient Inc.
Ceva Inc.
Procera Networks Inc.
Sonus Networks Inc.
GT Advanced Technologies Inc.
Bazaarvoice Inc.
Stamps.com Inc.
Magnachip Semiconductor Corp.
Photronics Inc.
Extreme Networks
LTX-Credence Corp.
Millennial Media Inc.
Tangoe Inc.
Exar Corp.
Vocus Inc.
Internap Network Services Corp.
PDF Solutions Inc.
Silicon Graphics International Corp.
Higher One Holdings Inc.
Nanometrics Inc.
Demandware Inc.
DTS Inc.
CTS Corp.
Virtusa Corp.
Super Micro Computer Inc.
Angie's List Inc.
SciQuest Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
3,085,262
495,786
285,417
372,910
237,129
883,447
401,176
65,653
374,400
248,506
384,245
382,264
459,684
225,162
189,121
600,918
172,550
238,592
408,402
827,322
409,741
331,812
345,203
221,881
535,791
525,523
283,435
905,960
344,407
147,819
483,020
262,689
522,616
338,133
350,226
638,738
317,956
217,838
348,232
563,664
574,532
200,604
833,592
306,202
349,984
65,434
400,295
319,178
789,839
267,813
490,768
158,613
353,071
320,582
370,887
945,369
484,708
134,855
188,758
73,487
542,614
189,061
800,412
149,359
3,826
3,763
3,750
3,710
3,695
3,693
3,691
3,643
3,620
3,611
3,570
3,555
3,484
3,463
3,448
3,365
3,356
3,336
3,333
3,326
3,151
3,142
3,107
3,095
3,092
3,074
3,072
3,026
3,010
2,987
2,980
2,968
2,937
2,928
2,914
2,913
2,906
2,895
2,887
2,835
2,832
2,827
2,776
2,768
2,716
2,705
2,690
2,672
2,599
2,536
2,508
2,490
2,426
2,424
2,392
2,382
2,380
2,367
2,324
2,317
2,301
2,244
2,241
2,236
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
Quantum Corp.
Move Inc.
Fabrinet
Electro Scientific Industries Inc.
Oplink Communications Inc.
support.com Inc.
Mercury Systems Inc.
NVE Corp.
Seachange International Inc.
Jive Software Inc.
Demand Media Inc.
XO Group Inc.
Avid Technology Inc.
Electro Rent Corp.
Computer Task Group Inc.
Actuate Corp.
Anaren Inc.
KVH Industries Inc.
VASCO Data Security International Inc.
Lionbridge Technologies Inc.
Calix Inc.
Digi International Inc.
Integrated Silicon Solution Inc.
Envestnet Inc.
Symmetricom Inc.
ServiceSource International Inc.
Cohu Inc.
CIBER Inc.
Saba Software Inc.
Multi-Fineline Electronix Inc.
IntraLinks Holdings Inc.
Globecomm Systems Inc.
SunPower Corp. Class A
GSI Group Inc.
CalAmp Corp.
FormFactor Inc.
IXYS Corp.
MoneyGram International Inc.
Maxwell Technologies Inc.
Kemet Corp.
STEC Inc.
Keynote Systems Inc.
Kopin Corp.
Brightcove Inc.
American Software Inc. Class A
ePlus Inc.
QuinStreet Inc.
Agilysys Inc.
Aviat Networks Inc.
Telular Corp.
Net 1 UEPS Technologies Inc.
Zygo Corp.
Immersion Corp.
RealNetworks Inc.
PRGX Global Inc.
ANADIGICS Inc.
Active Network Inc.
Supertex Inc.
Proofpoint Inc.
Imperva Inc.
ShoreTel Inc.
Guidance Software Inc.
Zix Corp.
M/A-COM Technology Solutions Holdings Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
275,649
229,922
605,811
193,571
253,845
1,539,897
404,350
108,353
112,754
995,169
223,547
148,616
99,541
413,310
869,610
100,479
152,127
283,855
216,529
252,929
218,942
84,402
369,487
378,863
371,255
638,441
450,206
812,173
215,187
134,619
533,588
116,004
962,350
261,128
244,664
799,631
289,188
64,277
222,063
192,561
281,883
231,728
595,655
230,922
1,082,594
205,498
97,015
275,610
224,568
282,023
653,575
200,490
528,356
199,855
518,705
294,376
268,176
445,959
386,611
194,777
158,529
454,255
118,423
433,075
2,214
2,203
2,199
2,191
2,170
2,140
2,082
2,042
2,041
2,020
1,992
1,965
1,946
1,934
1,931
1,908
1,877
1,859
1,819
1,771
1,747
1,747
1,726
1,720
1,589
1,577
1,567
1,551
1,549
1,548
1,547
1,512
1,511
1,504
1,495
1,463
1,452
1,423
1,392
1,390
1,384
1,381
1,364
1,326
1,299
1,276
1,275
1,260
1,231
1,213
1,209
1,167
1,141
1,137
1,126
1,113
1,102
1,093
1,086
1,081
1,059
1,058
1,054
983
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
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*
*
*,^
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*
Pericom Semiconductor Corp.
Inphi Corp.
PLX Technology Inc.
Richardson Electronics Ltd.
Datalink Corp.
Axcelis Technologies Inc.
Sigma Designs Inc.
Yelp Inc.
EPAM Systems Inc.
Parkervision Inc.
Pervasive Software Inc.
Vishay Precision Group Inc.
Bel Fuse Inc. Class B
Mindspeed Technologies Inc.
Limelight Networks Inc.
Travelzoo Inc.
Rosetta Stone Inc.
Market Leader Inc.
Alpha & Omega Semiconductor Ltd.
Aeroflex Holding Corp.
Telenav Inc.
Digimarc Corp.
Imation Corp.
Callidus Software Inc.
Hackett Group Inc.
TeleCommunication Systems Inc. Class A
MoSys Inc.
OCZ Technology Group Inc.
PC-Tel Inc.
PC Connection Inc.
ModusLink Global Solutions Inc.
Reis Inc.
Oclaro Inc.
DSP Group Inc.
Rubicon Technology Inc.
Ipass Inc.
MaxLinear Inc.
Tessco Technologies Inc.
GSI Technology Inc.
Transact Technologies Inc.
Ultra Clean Holdings
Responsys Inc.
Glu Mobile Inc.
NeoPhotonics Corp.
Unwired Planet Inc.
PC Mall Inc.
Numerex Corp. Class A
Intevac Inc.
Aware Inc.
Emcore Corp.
Westell Technologies Inc. Class A
ID Systems Inc.
GSE Systems Inc.
Concurrent Computer Corp.
QuickLogic Corp.
Innodata Inc.
Marchex Inc. Class B
Echelon Corp.
AXT Inc.
TechTarget Inc.
Rimage Corp.
FalconStor Software Inc.
Intermolecular Inc.
Online Resources Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
67,864
170,482
159,180
184,916
114,125
1,228,651
348,664
537,121
59,977
219,795
88,836
533,401
243,754
142,428
277,452
201,084
127,521
100,886
185,625
226,639
228,907
230,553
441,823
395,735
438,322
74,210
314,342
265,048
619,244
115,122
652,960
143,058
40,770
365,505
261,770
144,104
101,589
155,896
215,611
190,441
74,868
176,492
86,153
289,775
81,490
344,423
254,911
16,312
152,240
322,489
48,546
10,580
154,004
63,605
170,701
432,720
99,456
16,769
324,637
175,797
98,702
31,490
30,990
25,306
977
962
931
906
890
881
879
870
863
822
822
800
782
779
774
764
760
749
748
712
682
680
667
661
614
609
600
594
581
572
549
521
497
490
487
481
476
441
431
427
419
383
343
319
262
251
227
219
218
197
186
182
177
169
139
134
119
106
101
72
64
63
61
58
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
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*
*
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*
*
*,^
*,^
*
*,^
*
*
*
*
*
*
*
*
*
*
*,^
*
*
*
*
*
*
*
*
*
*,^
*
*
*,^
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*,^
*,^
*
*
*
*
QAD Inc. Class A
Official Payments Holdings Inc. Class B
Dynamics Research Corp.
PAR Technology Corp.
Spark Networks Inc.
Wave Systems Corp. Class A
STR Holdings Inc.
Ikanos Communications Inc.
MOCON Inc.
Research Frontiers Inc.
Carbonite Inc.
Identive Group Inc.
Mitek Systems Inc.
Synacor Inc.
LoJack Corp.
Edgewater Technology Inc.
Evolving Systems Inc.
CyberOptics Corp.
StarTek Inc.
Mitel Networks Corp.
Radisys Corp.
Bsquare Corp.
Smith Micro Software Inc.
TheStreet Inc.
Cinedigm Digital Cinema Corp. Class A
Frequency Electronics Inc.
Microvision Inc.
Sycamore Networks Inc.
Dot Hill Systems Corp.
Mattersight Corp.
Mattson Technology Inc.
NAPCO Security Technologies Inc.
Viasystems Group Inc.
Novatel Wireless Inc.
Newtek Business Services Inc.
MEMSIC Inc.
NCI Inc. Class A
Crexendo Inc.
Hutchinson Technology Inc.
Pixelworks Inc.
Cascade Microtech Inc.
Document Security Systems Inc.
Autobytel Inc.
LRAD Corp.
Amtech Systems Inc.
Rainmaker Systems Inc.
Looksmart Ltd.
QAD Inc. Class B
Planar Systems Inc.
Transwitch Corp.
Video Display Corp.
Bel Fuse Inc. Class A
Information Services Group Inc.
Meru Networks Inc.
Performance Technologies Inc.
Pulse Electronics Corp.
Wireless Telecom Group Inc.
Selectica Inc.
Powerwave Technologies Inc.
Motricity Inc.
Intellicheck Mobilisa Inc.
WebMediaBrands Inc.
Lantronix Inc.
Management Network Group Inc.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
23,003
82,400
115,555
100
388,581
11,462
46
39
34
—
—
—
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
BTU International Inc.
Zhone Technologies Inc.
Superconductor Technologies Inc.
Qualstar Corp.
Gerber Scientific Inc. CVR
Allen Organ Co. Escrow Shares
38,784,984
Materials (4.0%)
Monsanto Co.
EI du Pont de Nemours & Co.
Dow Chemical Co.
Praxair Inc.
Freeport-McMoRan Copper & Gold Inc.
Newmont Mining Corp.
Ecolab Inc.
PPG Industries Inc.
LyondellBasell Industries NV Class A
Air Products & Chemicals Inc.
Mosaic Co.
International Paper Co.
Nucor Corp.
Sherwin-Williams Co.
CF Industries Holdings Inc.
Eastman Chemical Co.
Alcoa Inc.
Sigma-Aldrich Corp.
FMC Corp.
Celanese Corp. Class A
Vulcan Materials Co.
Ball Corp.
Ashland Inc.
Airgas Inc.
Albemarle Corp.
MeadWestvaco Corp.
Cliffs Natural Resources Inc.
*
Crown Holdings Inc.
International Flavors & Fragrances Inc.
Valspar Corp.
Royal Gold Inc.
Rock-Tenn Co. Class A
*
WR Grace & Co.
Reliance Steel & Aluminum Co.
Martin Marietta Materials Inc.
RPM International Inc.
Packaging Corp. of America
Rockwood Holdings Inc.
Bemis Co. Inc.
^
United States Steel Corp.
*
Owens-Illinois Inc.
Huntsman Corp.
Sealed Air Corp.
Aptargroup Inc.
Allegheny Technologies Inc.
Domtar Corp.
Cytec Industries Inc.
Sonoco Products Co.
Steel Dynamics Inc.
NewMarket Corp.
Eagle Materials Inc.
*
Louisiana-Pacific Corp.
*
Allied Nevada Gold Corp.
Cabot Corp.
Compass Minerals International Inc.
Carpenter Technology Corp.
7,129,330
12,445,757
16,027,225
3,988,734
12,698,238
6,637,294
3,912,999
2,042,579
4,230,286
2,832,089
4,132,326
5,557,824
4,246,726
1,167,026
838,742
2,043,811
14,256,458
1,613,699
1,835,034
2,127,830
1,729,038
1,967,621
1,050,464
875,839
1,196,885
2,321,739
1,905,677
1,992,200
1,089,658
1,158,860
859,548
945,643
951,335
1,006,028
612,582
1,763,659
1,312,294
993,815
1,379,920
1,929,037
2,090,146
2,767,107
2,466,303
890,486
1,361,339
484,156
585,115
1,345,745
2,783,710
143,378
614,779
1,834,618
1,134,515
846,283
441,281
597,192
674,791
559,686
518,000
436,567
434,280
308,236
281,345
276,463
241,507
237,952
234,014
221,424
183,374
179,512
170,399
139,081
123,746
118,736
107,386
94,752
89,996
88,051
84,468
79,955
74,350
73,994
73,483
73,333
72,506
72,313
69,890
66,110
63,958
62,474
57,754
51,781
50,484
49,154
46,172
46,046
44,457
43,997
43,185
42,494
41,330
40,437
40,273
40,009
38,220
37,594
35,965
35,445
34,183
33,674
32,968
30,833
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
831,316
1,196,460
695,617
1,312,718
569,639
663,560
1,138,711
664,224
1,063,972
3,812,556
265,588
1,412,609
1,543,438
458,830
468,992
1,025,453
717,474
1,313,515
424,764
753,291
531,227
336,154
931,179
230,270
383,532
291,337
233,195
305,269
1,806,835
520,961
837,583
2,974,327
390,115
750,397
149,322
381,528
273,569
204,530
337,689
1,301,217
426,354
583,938
1,043,830
319,847
276,434
424,533
171,854
291,581
251,080
160,410
944,704
1,737,421
618,219
255,759
418,063
724,063
588,087
304,941
290,528
203,625
343,906
572,970
121,637
1,100,189
29,828
29,433
28,931
27,908
25,093
23,596
23,252
23,128
22,971
22,227
21,061
20,991
19,725
18,941
18,722
18,715
18,647
17,391
16,579
16,038
15,252
14,959
14,517
14,205
13,961
13,547
12,952
11,954
11,672
11,560
11,517
11,392
11,286
10,641
10,545
10,515
10,437
10,433
10,360
10,345
10,245
10,207
9,854
9,701
9,534
9,425
9,256
9,059
8,893
8,320
8,087
7,992
7,542
6,593
6,442
6,343
6,004
5,946
5,933
5,797
5,210
4,962
4,700
4,599
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*
*
*
*
*
*
*
*,^
*
*,^
*
*
*
*
^
*
*
^
*
Walter Energy Inc.
Coeur d'Alene Mines Corp.
Silgan Holdings Inc.
Chemtura Corp.
Scotts Miracle-Gro Co. Class A
Sensient Technologies Corp.
PolyOne Corp.
HB Fuller Co.
Olin Corp.
Hecla Mining Co.
Westlake Chemical Corp.
Commercial Metals Co.
Stillwater Mining Co.
Georgia Gulf Corp.
Minerals Technologies Inc.
Tronox Ltd. Class A
Worthington Industries Inc.
Resolute Forest Products
Schweitzer-Mauduit International Inc.
Intrepid Potash Inc.
Buckeye Technologies Inc.
Greif Inc. Class A
SunCoke Energy Inc.
Kaiser Aluminum Corp.
Balchem Corp.
Innophos Holdings Inc.
Stepan Co.
Clearwater Paper Corp.
Graphic Packaging Holding Co.
KapStone Paper and Packaging Corp.
Globe Specialty Metals Inc.
McEwen Mining Inc.
A Schulman Inc.
Calgon Carbon Corp.
Deltic Timber Corp.
RTI International Metals Inc.
Koppers Holdings Inc.
Texas Industries Inc.
AMCOL International Corp.
Boise Inc.
Kraton Performance Polymers Inc.
PH Glatfelter Co.
Molycorp Inc.
Schnitzer Steel Industries Inc.
Innospec Inc.
OM Group Inc.
Quaker Chemical Corp.
American Vanguard Corp.
LSB Industries Inc.
Haynes International Inc.
Headwaters Inc.
AK Steel Holding Corp.
Flotek Industries Inc.
Materion Corp.
Gold Resource Corp.
Century Aluminum Co.
Horsehead Holding Corp.
Kronos Worldwide Inc.
Tredegar Corp.
Neenah Paper Inc.
Myers Industries Inc.
Wausau Paper Corp.
Hawkins Inc.
Ferro Corp.
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
608,434
608,115
69,711
270,233
212,054
1,593,686
404,752
863,505
219,483
87,964
323,384
137,084
174,329
372,404
423,518
127,766
423,863
224,898
104,847
1,209,246
95,127
87,854
30,170
118,549
475,555
47,178
368,557
183,061
11,200
41,929
3,495
4,356
4,263
4,129
3,902
3,709
3,697
3,671
3,463
3,242
3,234
3,069
3,035
2,917
2,886
2,588
1,974
1,946
1,869
1,770
1,681
1,671
1,634
1,422
875
799
711
619
196
185
91
52
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*,^
*
*
*
*
*
^
*
*
*,^
*
*
*
*
*
*
*
*
*
^
*,^
*
Mercer International Inc.
OMNOVA Solutions Inc.
AEP Industries Inc.
Zep Inc.
Metals USA Holdings Corp.
Paramount Gold and Silver Corp.
Spartech Corp.
General Moly Inc.
AM Castle & Co.
Universal Stainless & Alloy
Landec Corp.
Olympic Steel Inc.
US Silica Holdings Inc.
Zoltek Cos. Inc.
Noranda Aluminum Holding Corp.
American Pacific Corp.
Golden Minerals Co.
Arabian American Development Co.
ADA-ES Inc.
Midway Gold Corp.
KMG Chemicals Inc.
Chase Corp.
United States Lime & Minerals Inc.
Penford Corp.
Senomyx Inc.
Handy & Harman Ltd.
Solitario Exploration & Royalty Corp.
Verso Paper Corp.
Titanium Metals Corp.
Clean Diesel Technologies Inc.
Continental Materials Corp.
8,438,114
Telecommunication Services (2.7%)
AT&T Inc.
Verizon Communications Inc.
CenturyLink Inc.
*
Crown Castle International Corp.
*
Sprint Nextel Corp.
*
SBA Communications Corp. Class A
Windstream Corp.
^
Frontier Communications Corp.
*
tw telecom inc Class A
*
Level 3 Communications Inc.
*
MetroPCS Communications Inc.
Telephone & Data Systems Inc.
*
Clearwire Corp. Class A
*,^
NII Holdings Inc.
*
Cincinnati Bell Inc.
Cogent Communications Group Inc.
Consolidated Communications Holdings Inc.
*
8x8 Inc.
*
Premiere Global Services Inc.
*
United States Cellular Corp.
*
Vonage Holdings Corp.
*
Leap Wireless International Inc.
Atlantic Tele-Network Inc.
*
Iridium Communications Inc.
Shenandoah Telecommunications Co.
*
General Communication Inc. Class A
*
Cbeyond Inc.
*
inContact Inc.
USA Mobility Inc.
NTELOS Holdings Corp.
HickoryTech Corp.
77,172,321
38,109,685
8,329,331
3,920,045
40,136,433
1,625,130
7,862,989
13,341,145
2,019,647
2,030,632
4,130,453
1,267,725
6,708,722
2,292,445
2,490,979
593,115
504,071
927,623
642,138
173,736
2,181,518
767,242
127,456
672,771
285,886
385,747
383,611
626,426
277,425
216,276
288,112
2,601,479
1,649,006
325,843
282,870
227,574
115,417
65,106
57,100
51,440
46,928
41,057
28,067
19,388
16,345
13,651
13,428
8,025
6,855
6,280
6,123
5,170
5,102
4,679
4,535
4,377
3,699
3,468
3,245
3,240
2,835
2,803
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
216,164
620,767
189,546
407,424
127,729
162,865
532,797
390,727
91,123
100,000
600,829
2,166
2,018
1,808
1,597
1,388
1,230
1,034
1,004
943
794
601
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*,^
*
*
*
*,^
Lumos Networks Corp.
Towerstream Corp.
IDT Corp. Class B
ORBCOMM Inc.
Primus Telecommunications Group Inc.
Boingo Wireless Inc.
Alaska Communications Systems Group Inc.
Neutral Tandem Inc.
Warwick Valley Telephone Co.
Fairpoint Communications Inc.
Elephant Talk Communications Corp.
5,639,718
Utilities (3.4%)
Duke Energy Corp.
Southern Co.
Dominion Resources Inc.
NextEra Energy Inc.
Exelon Corp.
American Electric Power Co. Inc.
FirstEnergy Corp.
PG&E Corp.
PPL Corp.
Sempra Energy
Consolidated Edison Inc.
Public Service Enterprise Group Inc.
Edison International
Xcel Energy Inc.
Northeast Utilities
Entergy Corp.
DTE Energy Co.
Wisconsin Energy Corp.
ONEOK Inc.
CenterPoint Energy Inc.
Ameren Corp.
NRG Energy Inc.
NiSource Inc.
AES Corp.
American Water Works Co. Inc.
CMS Energy Corp.
SCANA Corp.
Pinnacle West Capital Corp.
OGE Energy Corp.
*
Calpine Corp.
Alliant Energy Corp.
AGL Resources Inc.
Pepco Holdings Inc.
NV Energy Inc.
Integrys Energy Group Inc.
ITC Holdings Corp.
MDU Resources Group Inc.
UGI Corp.
Westar Energy Inc.
National Fuel Gas Co.
Aqua America Inc.
Questar Corp.
TECO Energy Inc.
Atmos Energy Corp.
Great Plains Energy Inc.
Cleco Corp.
Hawaiian Electric Industries Inc.
Vectren Corp.
Piedmont Natural Gas Co. Inc.
IDACORP Inc.
Portland General Electric Co.
9,419,191
11,702,313
7,669,820
5,372,503
11,418,377
6,486,639
5,594,546
5,704,871
7,768,648
3,071,626
3,918,058
6,767,524
4,140,504
6,522,153
4,197,820
2,369,703
2,295,332
3,079,362
2,603,070
5,425,517
3,242,316
4,306,804
3,807,356
8,495,846
2,357,730
3,541,223
1,668,199
1,464,980
1,319,331
4,069,787
1,482,780
1,570,262
3,058,181
3,153,160
1,046,112
688,176
2,398,679
1,502,621
1,687,731
946,088
1,866,977
2,350,929
2,749,029
1,204,797
2,049,951
811,650
1,290,244
1,092,297
959,653
667,353
1,006,225
600,944
500,976
397,297
371,723
339,583
276,850
233,628
229,222
222,416
217,901
217,609
207,086
187,109
174,207
164,051
151,069
137,835
113,474
111,281
104,441
99,604
99,013
94,765
90,906
87,542
86,335
76,137
74,685
74,292
73,785
65,109
62,763
59,971
57,198
54,628
52,928
50,948
49,151
48,303
47,957
47,459
46,454
46,074
42,312
41,634
32,474
32,437
32,114
30,047
28,930
27,530
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
Shares
Market
Value
($000)
686,964
613,563
673,422
551,263
552,720
1,058,689
410,590
560,725
460,463
781,292
495,228
503,083
356,365
306,895
186,762
250,822
560,089
283,171
432,296
526,365
125,428
244,325
236,771
169,280
167,994
139,906
164,572
95,030
74,169
196,911
179,323
164,550
19,587
127,260
310,134
140,793
26,922
26,021
24,115
23,385
21,899
21,714
20,665
20,377
18,870
18,837
17,199
16,053
15,751
15,636
12,181
12,034
11,415
10,933
10,807
9,659
5,694
4,711
4,631
4,503
4,354
4,166
2,892
2,132
1,450
1,398
1,327
1,303
373
360
332
325
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
*
*,^
WGL Holdings Inc.
Southwest Gas Corp.
UIL Holdings Corp.
UNS Energy Corp.
New Jersey Resources Corp.
PNM Resources Inc.
South Jersey Industries Inc.
Black Hills Corp.
ALLETE Inc.
Avista Corp.
NorthWestern Corp.
El Paso Electric Co.
Northwest Natural Gas Co.
MGE Energy Inc.
CH Energy Group Inc.
American States Water Co.
Empire District Electric Co.
Laclede Group Inc.
Otter Tail Corp.
California Water Service Group
Chesapeake Utilities Corp.
Ormat Technologies Inc.
Middlesex Water Co.
SJW Corp.
Unitil Corp.
Connecticut Water Service Inc.
York Water Co.
Artesian Resources Corp. Class A
Delta Natural Gas Co. Inc.
Genie Energy Ltd. Class B
Consolidated Water Co. Ltd.
Cadiz Inc.
RGC Resources Inc.
Pure Cycle Corp.
Synthesis Energy Systems Inc.
American DG Energy Inc.
7,166,611
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Total Common Stocks (Cost $175,465,722)
209,719,786
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Coupon
Shares
Market
Value
($000)
1,373,387,773
1,373,388
18,200
10,000
9,999
___________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Temporary Cash Investments (0.7%)
Money Market Fund (0.7%)1
2,3
Vanguard Market Liquidity Fund
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
0.162%
Maturity
Date
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
U.S. Government and Agency Obligations (0.0%)
Fannie Mae Discount Notes
5,6
Federal Home Loan Bank Discount Notes
4,5
0.097%
0.140%
3/27/13
2/13/13
18,194
28,193
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Total Temporary Cash Investments (Cost $1,401,582)
1,401,581
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Total Investments (100.4%) (Cost $176,867,304)
211,121,367
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Other Assets and Liabilities—Net (-0.4%)
3,5
(751,710))
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Net Assets (100%)
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
210,369,657
Vanguard® Total Stock Market Index Fund
Schedule of Investments
December 31, 2012
*
^
1
2
3
4
5
6
Securities with a market value of less than $500 are displayed with a dash.
Non-income-producing security.
Part of security position is on loan to broker-dealers. The total value of securities on loan is $428,331,000.
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 0.4%, respectively, of net
assets.
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 $450,537,000 of collateral received for securities on loan.
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.
Securities with a value of $23,146,000 and cash of $18,200,000 have been segregated as initial margin for open futures contracts.
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.
REIT—Real Estate Investment Trust.
Report of Independent Registered Public Accounting Firm
To the Trustees of Vanguard Index Funds and the Shareholders of Vanguard Total Stock Market Index
Fund:
We have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the financial statements (not presented herein) of Vanguard Total Stock Market Index
Fund (the “Fund”) as of December 31, 2012 and for the period then ended and have issued our unqualified
report thereon dated February 11, 2013. Our audit included an audit of the Fund’s schedule of
investments as of December 31, 2012. This schedule of investments is the responsibility of the Fund’s
management. Our responsibility is to express an opinion on this schedule of investments based on our
audit.
In our opinion, the accompanying schedule of investments referred to above, when read in conjunction
with the financial statements of the Fund referred to above, presents fairly, in all material respects, the
information set forth therein.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
February 11, 2013
© 2013 The Vanguard Group. Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SNA850 022013

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