バンガード・インデックス・ファンズーバンガード・トータル・ストック・マーケット・インデックス・ファンド 有価証券報告書（外国投資信託受益証券） 第28期(平成31年1月1日－令和1年12月31日)

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     【表紙】
     【提出書類】                  有価証券報告書

     【提出先】                  関東財務局長

     【提出日】                  令和２   年６月   30 日

     【計算期間】                  第 28 期（自　平成       31 年１月１日　至　令和元年              12 月 31 日）

     【ファンド名】                  バンガード・インデックス・ファンズ－バンガード・トータル・

                       ストック・マーケット・インデックス・ファンド
                       (VANGUARD      INDEX   FUNDS   － VANGUARD     TOTAL   STOCK   MARKET    INDEX   FUND)
     【発行者名】                  バンガード・インデックス・ファンズ

                       (VANGUARD      INDEX   FUNDS)
     【代表者の役職氏名】                  会長兼最高経営責任者　　              モーティマー・Ｊ．バックリー

                       （ Mortimer     J.  Buckley    , Chairman     and  Chief   Executive      Officer    ）
     【本店の所在の場所】                  アメリカ合衆国        19355   　ペンシルバニア州           マルバーン市

                       バンガード・ブルーヴァード               100
                       (100   Vanguard     Boulevard,      Malvern,     Pennsylvania       19355   U.S.A.)
     【代理人の氏名又は名称】                  弁護士　　三浦　健

     【代理人の住所又は所在地】                  東京都千代田区丸の内二丁目６番１号　丸の内パークビルディング

                       森・濱田松本法律事務所
     【事務連絡者氏名】                  弁護士　　三浦　健

                       　同　　　大西　信治
     【連絡場所】                  東京都千代田区丸の内二丁目６番１号　丸の内パークビルディング

                       森・濱田松本法律事務所
     【電話番号】                  03  (6212)    8316

     【縦覧に供する場所】                  該当事項なし

     （注１）米ドルの円貨換算は、便宜上、                 2020  年４月   30 日現在の株式会社三菱ＵＦＪ銀行の対顧客電信売買相場の仲値（１米ド

         ル＝  106.87   円）による。以後、別段の記載がない限り同様とする。
     （注２）ファンド証券は米ドル建てのため、以下の金額表示は別段の記載がない限り、米ドルをもって行う。
     （注３）本書の中で金額および比率を表示する場合、四捨五入してある。したがって、合計の数字が一致しない場合がある。
         また、円貨への換算は、本書の中でそれに対応する数字につき所定の換算率で単純計算のうえ、必要な場合四捨五入
         してある。したがって、本書中の同一情報につき異なった円貨表示がなされている場合もある。
     （注４）本書の中で、計算期間（以下「会計年度」ともいう。）とは毎年１月１日に始まり                                      12 月 31 日に終わる一年を指す。
                                   1/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第一部【ファンド情報】

     第１【ファンドの状況】

     １【ファンドの性格】

      （１）【ファンドの目的及び基本的性格】
              Ⓡ
        バンガード       ・インデックス・ファンズ－バンガード・トータル・ストック・マーケット・インデッ
                     Ⓡ
       クス・ファンド（         VANGUARD      INDEX   FUNDS   - VANGUARD     TOTAL   STOCK   MARKET    INDEX   FUND  ）（以下「ファ
       ンド」という。）は、米国の株式市場全体の投資収益を測る目標となるインデックスのパフォーマンス
       への一致を目指して運用を行う。
        ファンドは、バンガード・インデックス・ファンズ（以下「トラスト」という。）のシリーズ（また
       はサブ・ファンド）である。トラストは、                      1975  年にペンシルバニア州ビジネス・トラストとして設立さ
       れ、  1998  年にデラウェア籍法定トラストとして再編された。トラストは                                 1940  年投資会社法（以下「            1940
       年法」という。）に基づき米国証券取引委員会（以下「                             SEC  」という。）にオープン・エンド分散型の運
       用投資会社として登録されている。トラストの有する全てのサブ･ファンドは                                        1940  年法における分散型に
                                                 （注）
       分類される。トラストが             2017  年 11 月 30 日以前に日本においてインベスター受益証券                          （以下「ファン
       ド証券」ともいう。）を募集していたのは以下のファンドである。
        バンガード・トータル・ストック・マーケット・インデックス・ファンド
        バンガード・スモールキャップ・インデックス・ファンド
        トラストは、追加的なファンドまたはファンド証券のクラスを募集することがある。ファンドがファ
       ンド証券の特定のファンドやクラスのために発行するファンド証券の総数および端数について制限は設
       けていない。
       （注）インベスター受益証券は             2019  年５月   24 日をもって、アドミラル受益証券に強制転換された。したがって、本書はアドミラル
          受益証券の状況について記載されている。
      （２）【ファンドの沿革】

        1975  年 12 月 31 日　　トラストの信託宣言締結
                  トラストは、ペンシルバニア州ビジネス・トラストとして設立された。
        1998  年１月   23 日　　契約および信託宣言の締結
        1998  年１月   28 日　　トラストは、デラウェア籍法定トラストとして再編された。
        2002  年７月   19 日　　修正・再録済契約および信託宣言の締結
        2008  年 11 月 19 日　　修正・再録済契約および信託宣言の締結
                                   2/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （３）【ファンドの仕組み】

       ①　ファンドの仕組み
                            ファンドの仕組み
                                   3/564



















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       ②　投資運用会社とファンドの関係法人との契約関係

     ファンドの運営上の役割                     会社名                契約および委託内容
     ① 投資運用会社、             ザ・バンガード・グループ・インク                    2009  年６月８日付で締結された
                   （ The  Vanguard     Group,    Inc.  ）     ファンド・サービス契約第５修正
      投資顧問会社、
                                                  （注１）
                   （以下「バンガード」という。）
      名義書換および
                                       契約（随時修正済）               に基づ
      配当支払代行会社
                                       き、バンガードは、ファンドの運
                                       用、管理、名義書換代行、配当支
                                       払代行および投資顧問業務を行
                                       う。
     ② 保管銀行             JP  モルガン・チェース・バンク                  2017  年８月    14 日付で締結された修
                                       正・再録包括保管契約（随時修正
                   （ JP  Morgan    Chase   Bank  ）
                                         （注２）
                                       済）      に基づき、ファンド資
                                       産の保管業務を行う。
     ③ 代行協会員             バンガード・インベストメンツ・                    2005  年９月    26 日付で締結された代
                                                       （注
                   ジャパン株式会社
                                       行協会員契約（随時修正済）
                   （ Vanguard     Investments       Japan,
                                       ３）
                                         に基づき、日本における代行協
                   Ltd.  ）
                                       会員業務を行う。
     ④日本における              マネックス証券株式会社                    2005  年５月１日付で締結された受
                   （ Monex,    Inc.)               益証券販売・買戻契約（随時修正
      販売会社
                                         （注４）
                                       済）      に基づき、日本におけ
                                       る受益証券の販売・買戻しの取扱
                                       業務を行う。
        （注１）    ファンド・サービス契約第５修正契約とは、トラストとバンガードとの間で締結された、トラストがファンド
            の運営・事務代行業務等に関する権限をバンガードに付与することを約する契約である。
        （注２）    修正・再録済包括保管契約とは、保管銀行とトラストの間で締結された、保管銀行がファンド資産について保
            管業務を行うことを約する契約である。
        （注３）    代行協会員契約とは、日本における代行協会員がファンドの受益証券に関する目論見書の配布、ファンド受益
            証券１口当りの純資産価格の公表ならびに日本の法令および日本証券業協会規則により作成を要する運用報告
            書等の文書の配布等を行うことを約する契約である。
        （注４）    受益証券販売・買戻契約とは、受益証券の日本における募集の目的でトラストから交付を受けた受益証券を販
            売会社が日本の法令・規則および目論見書に準拠して販売することを約する契約である。
       ③ 　トラストの概要

                 バンガード・インデックス・ファンズ（                     Vanguard     Index   Funds   ）
     トラスト
     ① 設立準拠法           トラストは、ペンシルバニア州ビジネス・トラストとして                                1975  年に設立さ
                 れ、  1998  年７月にデラウェア籍法定トラストとして再編された。
                 トラストは、       1940  年法に基づき、        SEC  に登録されている、オープン・エンド分
                 散型運用投資会社である。
     ② 事業の目的           トラストは主として有価証券に投資する１もしくはそれ以上のシリーズ（ま
                 たはサブ・ファンド）を通じて                1940  年法に基づき登録された投資会社の事業
                 の遂行、運営および実行を行うために設立された。
     ③ 資本の額           該当なし。
                                   4/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ④ 沿革           1975  年 12 月 31 日　　ペンシルバニア州ビジネス・トラストとして設立
                 1998  年１月   23 日　　契約および信託宣言の締結
                 1998  年１月   28 日　　デラウェア籍法定トラストとして再編
                 2002  年７月   19 日　　修正・再録済契約および信託宣言の締結
                 2008  年 11 月 19 日　　修正・再録済契約および信託宣言の締結
     ⑤ 大株主の状況           2020  年３月    31 日現在のファンドのアドミラル受益証券の発行済受益証券の
                 ５％以上を保有する株主
                 該当なし。
     ⑥代表者の役職氏名            会長兼最高経営責任者
                 モーティマー・Ｊ．バックリー
                 （ Mortimer     J.  Buckley    , Chairman     and  Chief   Executive      Officer    ）
      （４）【ファンドに係る法制度の概要】

        トラストは、デラウェア州一般法およびコモン・ローに基づいて設立され、かつ同法の規制を受け
       る。ファンドの運営に関して、ファンドは、さらに                           1940  年法（改訂済）、アメリカ合衆国                 1986  年内国歳
       入法（改訂済）（以下「内国歳入法」という。）、および各法規の下で制定された規則の規制を受け
       る。ファンドの受益証券の販売に関して、ファンドは、                             1933  年証券法（以下「         1933  年法」という。）、
       1934  年証券取引所法、ブルー・スカイ・ロー（アメリカ合衆国の様々な州における証券州法、以下「ブ
       ルー・スカイ・ロー」という。）およびかかる法規の下で制定された規則の規制を受ける。かかる準拠
       法の内容は以下のとおりである。
       （イ）デラウェア籍法定トラスト法（デラウェア州法第                             38 章以降参照）（「デラウェア籍法定トラスト
          の取扱い」）（以下「法定トラスト法」という。）
         1988  年 10 月１日以降、デラウェア州では、デラウェア籍法定トラストを明確に承認した法定トラス
        ト法を採用している。法定トラスト法の主要な目的は、コモン・ローの近代化およびデラウェア法の
        体系化により商業活動におけるトラストの利用に関して確実性をもたらすことである。
         法定トラスト法は、法定トラストのトラスト契約に対して、あらゆる適切な、受託者および受益者
        の権利義務の設定を許可している。法定トラストに関連する文字どおり全ての事象に関して、受託者
        および受益者の議決権ならびに全ての該当クラスまたはシリーズは、拡大、制限または削減すること
        ができる。かかる融通性は、義務的条項に制限されることの多い、非主流的な商業組織およびコモ
        ン・ロー・トラストに対して有利となる。
         法定トラスト法のもとでは、デラウェア籍法定トラストの受益者は、デラウェア州企業の株主と同
        様の個人的責任の制限を受ける。信託約款に別途の規定がない限り、法定トラストは、法定トラスト
        またはいかなる受益者に対して、当該法定トラストの責務を負わない受託者に運営されるか、または
        かかる受託者の指導下におかれる。法定トラストは、受託者の最低１名がデラウェア州に在住してい
        ることを規定している。ただし、登録された投資会社であるかまたは将来的に登録された投資会社に
        なるトラストについてはこの規定の適用は除外される。受託者の義務は信託約款に規定される。さら
        に信託約款は、かかる信託約款が規定する権利、権限および義務を有して当該法定トラストを運営す
        る役員、従業員またはその他の人物の任命を規定することもできる。
         法定トラストの運営に責任を有する受託者またはその他の人物が、当該法定トラストまたは受益者
        に関連して有する義務（忠実義務も含む。）および責務に関しては、かかる人物の責任はトラスト契
        約により拡大または縮小することができる。加えて、かかる人物につき、法定トラスト、いかなる受
        益者またはいかなる受託者に対してもトラスト契約の条項に対する善意の依拠に対しての責務は有さ
        ない。
       （ロ）デラウェア州コモン・ロー
                                   5/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
         コモン・ローは裁判所の判例によって形成された不文法の体系である。デラウェア州裁判所により
        なされた判断を通じて形成された一定の法理論は、デラウェア州の法定トラストおよびかかるトラス
        トの受託者に適用される。
       （ハ）   1940  年法
         1940  年法は   SEC  に対し、同法の規定の遵守を強制させるため権限を付与している。同法は、（                                        ⅰ ）投
        資会社の財務内容およびその基本方針の開示、（                          ⅱ ） SEC  に対する登録届出書の提出、（                ⅲ ） SEC  およ
        び受益者に対する特定の報告書の提出および交付を要求し、投資会社が業務の性格その他の基本方針
        を受益者の承認なく変更することを一般的に禁止し、また信託資産の保管およびより一般的に、投資
        信託の業務および運営に関して規制している。
       （ニ）   1933  年法
         1933  年法は、証券の販売に関する規制を定める。同法は、登録届出書（目論見書を含む。）により
        当該発行もしくは販売に係わる当該証券についての情報の開示を要求し、当該証券の発行もしくは販
        売に係わる詐欺行為を違法としている。
       （ホ）   1934  年証券取引所法
         1934  年証券取引所法は、受益証券の売買を規制し、継続的開示義務、委任状、企業内部情報の不当
        な利用その他の詐欺的行為に関しても規定している。また、証券市場に関する規制および証券業者に
        関する広範な規制を行っている。
       （ヘ）内国歳入法
         内国歳入法は、投資信託が規制を受けた投資会社としての取扱いを受ける資格を定める。
      （５）【開示制度の概要】

       （１）米国における開示
        ①　  SEC  に対する開示
          1933  年法および      1940  年法の規定により、ファンドは                SEC  に対して、定期的に届出書（書式                 N-1A  ）を
         提出しファンドの情報を更新する。
        ②　受益者に対する開示
          1940  年法の規定により、ファンドは受益者に対して、財務情報を含む年次有価証券報告書および
         半期報告書を送付する。
       （２）日本における開示
        ａ．監督官庁に対する開示
         ① 　金融商品取引法上の開示
            受託者は日本における１億円以上のファンドの受益証券の募集をする場合、有価証券届出書を
          財務省関東財務局長に提出する。投資者およびその他希望する者は、金融商品取引法に基づく有
          価証券報告書等の開示書類に関する電子開示システム（                             EDINET   ）等においてかかる書面を閲覧す
          ることができる。
            受益証券の販売取扱会社は、交付目論見書（金融商品取引法の規定により、あらかじめまたは
          同時に交付しなければならない目論見書をいう。）を投資者に交付する。また、投資者から請求
          があった場合は、請求目論見書（金融商品取引法の規定により、投資者から請求された場合に交
          付しなければならない目論見書をいう。）を交付する。受託者は、ファンドの財務状況等を開示
          するために、各事業年度終了後６カ月以内に有価証券報告書を、各半期終了後３カ月以内に半期
          報告書を、さらに、ファンドに関する重要な事項について変更があった場合にはそのつど臨時報
          告書を、それぞれ財務省関東財務局長に提出する。投資者およびその他希望する者は、                                             EDINET   等
          においてかかる書面を閲覧することができる。
         ② 　投資信託及び投資法人に関する法律に従う開示
                                   6/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
            トラストがファンド受益証券の募集の取扱いを行う場合、あらかじめ、投資信託及び投資法人
          に関する法律（昭和          26 年法律第     198  号）（以下「投信法」という。）に従い、ファンドにかかる一
          定の事項を金融庁長官に届け出なければならない。また、トラストは、契約および信託宣言を変
          更 しようとするとき等においては、あらかじめ変更の内容および理由等を金融庁長官に届け出な
          ければならない。
            さらに、受託者は、投信法に基づき、ファンドの資産について、ファンドの各計算期間終了後
          遅滞なく一定の事項について交付運用報告書および運用報告書（全体版）を作成し、金融庁長官
          に提出しなければならない。
        ｂ．日本の受益者に対する開示
          トラストは、ファンドの契約および信託宣言を変更しようとする場合であってその変更の内容が
         重大なものである場合等においては、あらかじめ、日本の知れている受益者に対し、変更の内容お
         よび理由等を書面をもって通知しなければならない。
          受益者の地位に重大な影響を及ぼす重要事項および受託者からの通知は販売会社および販売取扱
         会社を通じて日本の受益者に通知される。
          上記のファンドの交付運用報告書は、日本の知れている受益者に送付され、運用報告書（全体
         版）は電磁的方法により、ファンドの代行協会員または販売会社のホームページにおいて掲載され
         る。
      （６）【監督官庁の概要】

        ファンドは、       SEC  およびアメリカ合衆国諸州の証券監督当局の監督に服する。
       （イ）   SEC
        ⅰ）登録申請の受理（           1940  年法　第７条および第８条）
          投資会社は      SEC  が規定する様式に従い、登録通知を提出して登録をしなければならない。
          投資会社は、当該通知書が              SEC  に提出されたときに登録されたものとみなされ、その後                             SEC  に登録
          届出書を提出しなければならない。
        ⅱ）登録投資会社の登録の停止または取消し（                        1940  年法　第８条）
          投資会社が登録届出書または報告書の提出を怠った場合に、もしくは完全に虚偽の記載がある場
          合は、   SEC  の命令により登録会社としての登録資格を停止または取消されることがある。
        ⅲ）受託者および役員に対する監督（                   1940  年法　第９条（ｂ））
          SEC  は受託者や役員が故意に連邦証券法に違反する行為を行った時は、その在職を禁止することが
          できる。
        ⅳ）登録届出書の審査（             1933  年法　第５条、第８条および第                10 条）
          投資信託は、受益証券を公衆に販売するために、ファンドは登録届出書を                                      SEC  に提出し、その届出
          書が効力を発していなければならない。
          登録届出書は様式         N-1A  に従い、同様式、およびさらに一般的には                      1933  年法および同法規則で定め
          る事項を記載しなければならない。                  SEC  は登録届出書を審査し、不備等があった場合は補正命令を
          発しまたは効力停止処分に付することができる。登録届出書様式                                  N-1A  のＡ項およびＢ項の記載は
          それぞれ投資会社の目論見書および追加情報説明書からなる。
        ⅴ）事業活動の監督（           1940  年法　第     12 条）
          SEC  は、証券の信用取引、空売り、引受、他の投資会社発行証券の取得、額面株式発行会社の設
          立、保険会社の議決権株式の取得等の投資会社による事業活動を規制している。
        ⅵ）定期報告書の受理（             1940  年法　第     30 条）
          SEC  は、年次報告書等の提出を要求する。また、かかる報告書の内容に関する規制を制定し、監督
          権限を行使している。
       （ロ）州の証券監督当局
                                   7/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        ⅰ ）免許制に関する規定
          ブローカー、ディーラー、証券販売外務員およびある種の投資顧問に対し、州の免許の取得、ま
          たは少なくとも州機関における登録がほとんどの州において要求されている。
        ⅱ ）証券の登録に関する規定
          米国内   50 州の各州において、合法的に受益証券を販売または募集する前に、                                  SEC  に受益証券を登録
          し、受益証券の有効性を通知しなければならない。
        ⅲ ）詐欺的行為の防止に関する規定
          一般的に、受益証券の発行および販売を規定する州法である通称ブルー・スカイ・ローは、証券
          販売に関する詐欺的行為に関し、罰金刑および／もしくは自由刑の課せられる起訴、差止命令、
          供託金支払命令、免許または登録の一時停止または取消、民事上の損害賠償責任等の制裁に関し
          規定している。
                                   8/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ２【投資方針】

      （１）【投資方針】
       投資目的
        ファンドは、米国の株式市場全体の投資収益を測る目標となるインデックスのパフォーマンスへの一
       致を目指して運用を行う。
       主要な投資戦略

        ファンドは、ニューヨーク証券取引所およびナスダックにおいて通常取引される大型株、中型株、小
       型株、超小型株を含む投資可能な米国市場で取引される株式のほぼ                                   100  ％から構成される         CRSP   US トータ
       ル・マーケット・インデックス（以下「インデックス」という。）のパフォーマンスに一致するよう設
       計されたインデックス投資手法を用いる。ファンドはインデックスを参照し、主要な特性について、全
       体としてインデックス総体に類似する広範囲に分散された証券を保有する。かかる主要特性には、産業
       別比重と時価総額、および価格／収益率、分配利回り等の一定の財務数値が含まれる。
       インデックス・ファンドの特徴

        インデックス・ファンドは、典型的に以下の特性を有する。
       投資対象の多様性

        インデックス・ファンドは、一般的に多様な会社および産業の株式に投資する。
       パフォーマンスの相対的一貫性

        市場のベンチマークへの追従を目指すため、インデックス・ファンドはベンチマークよりも劇的に良
       い、または悪いパフォーマンスを通常示さない。
       低コスト

        インデックス・ファンドは、一般的に積極運用ファンドと比べて運用に費用がかからない。調査費用
       は少なく、またはかけず、概して取引活動、仲介手数料およびその他の取引費用を積極運営ファンドと
       比べて最小限にとどめる。
        インデックス・ファンドの、そのパフォーマンスを目標のインデックスに一致させる能力はまた、特
       にキャッシュ・フローの時期および規模ならびに当該インデックス・ファンドの規模によって影響を受
       ける可能性がある。市場混乱および規制上の制限もまた、インデックス・ファンドの、インデックスに
       追従するためにそのエクスポージャーを要求される水準に調整する能力に悪影響を及ぼす可能性があ
       る。
       証券選別

        ファンドは、米国の株式市場全体の収益率を測るベンチマーク・インデックスのパフォーマンスに追
       随することを意図している。ファンドは通常インデックス追従のサンプリング手法を用いて、コン
       ピューター・プログラムを使用し主要な特徴の観点から目標インデックスに類似した証券を選択する。
       これらは産業、時価総額別比率、およびその他証券の特性の調整を含む。
        ファンドは、株式市場リスクに服する。株式市場リスクとは、株価全体が下降する可能性をいう。株
       式市場は、価格上昇期と下降期とが周期的に変動する傾向がある。さらに、ファンドの目標インデック
       スは時に、特定の市場セクターの株式に焦点を合わせることがあり、ファンドは、そのセクターにおい
       て、その割合に比例したより高いリスクに服する。
                                   9/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        株式公開企業の株式は、企業の発行済株式の時価である時価総額によって分類される。かかる分類に
       は一般的に、小型株、中型株および大型株が含まれる。バンガード・ファンドの投資顧問の間でも、小
       型株、中型株、大型株の公式な定義は存在せず、時価総額の幅は時とともに変化することを理解するこ
       と が重要である。ファンドの株式保有高の                     2019  年 12 月 31 日現在の資産加重平均時価総額は、                  830  億米ドル
       であった。
        ファンドはまた、サンプリング手法のリスクに服する。ファンドのために選別された証券が全体とし
       てファンドの目標インデックスと合致するパフォーマンスを残さないこともある。ファンドにおけるサ
       ンプリング手法のリスクは低いと思われる。
       回転率

        ファンドは通常、長期の投資を追求するが、保有期間に関らず証券を売買することがある。インデッ
       クス・ファンドは一般に、従来型（取引所で取引されていない）ファンド証券の受益者による買戻し請
       求に対応するため、または目標指数の構成を変更するために証券を売買する。大型株の株式インデック
       スは長期間にわたり大きな変動をしないため、その回転率は著しく低い傾向がある。中小規模の株式イ
       ンデックス・ファンドの回転率は、その追跡する指数が企業の合併、成長、または破綻の結果変化する
       可能性が大きいため、大規模株式インデックス・ファンドに比べ高い傾向にある（ただし、活発に運用
       される株式ファンドと比較すると依然として相対的に低い。）。例えば、回転率が                                          100  ％とすると、１年
       間でファンドの総資産の             100  ％の有価証券が売却され、別の有価証券に                       100  ％入れ替わることを意味す
       る。一般的に、回転率が高ければ高いほど、取引コストがファンドのリターンに与える影響は大きくな
       る。また、回転率の高いファンドは、短期キャピタル・ゲインを含むキャピタル・ゲインを生み出す可
       能性が高く、それは受益者に分配されなければならず、課税口座を通じて投資する受益者に課税される
       ことになる。今期において、ファンドのポートフォリオの平均回転率は、ポートフォリオの平均価格の
       ４％であった。
       その他の投資方針およびリスク

        現行インデックスが中止される場合、ファンドとその目標インデックスの出資者との契約が終了した
       場合、またはファンドの受託者会が誠実に決定するその他の理由がある場合、ファンドは現行インデッ
       クスを他のインデックスと入れ替える権利を留保している。どのような場合においても、代替インデッ
       クスは、現行インデックスと同様の市場分野を表示する。
        ファンドは、その一致を目指すインデックスを構成する、保有する全ての、もしくは実質的に全ての
       株式または代表銘柄株式の投資戦略を実行するために必要な範囲で、非米国証券に投資することが出来
       る。ファンドがその資産の５％を超えて非米国証券に投資することは予定されていない。
        その目標とするインデックスにできる限り忠実に一致させるために、ファンドは常に、株式への完全
       投資を企図する。完全投資を維持し、かつ取引経費を削減するために、ファンドは限られた範囲でエク
       イティ先物取引を含むデリバティブに投資することが出来る。株式、株式バスケット取引および指数に
       対するエクスポージャーを得るために、ファンドはまた、トータル・リターン・スワップのようなデリ
       バティブを採用することができる。一般に、デリバティブは、金融資産（株式、債券または通貨等）、
       物的資産（金、石油または小麦等）、市場指数または基準相場等の価額にその価額が基づいている金融
       契約をいう。デリバティブへの投資により、ファンドは対象証券または資産への直接投資とは異なる、
       場合によってはより大きなリスクに服することがある。ファンドは、投機目的または投資リターンをレ
       バレッジ（拡大）する目的でデリバティブを用いることはないものとする。
       キャッシュ・マネジメント

        ファンドの日次現金残高は、コストの低いマネー・マーケット・ファンドであるバンガード・マー
       ケット・リクイディティ・ファンドおよび／またはバンガード・ミュニシパル・キャッシュ・マネジメ
                                  10/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       ント・ファンド（以下「             CMT  ファンド」という。）に投資することができる。                          CMT  ファンドに投資する
       際、ファンドは、その投資する                CMT  ファンドの費用の比例負担分を負うものとする。バンガードは、                                  CMT
       ファ  ンドに投資されたファンド資産から追加の収入を受け取らない。
       買戻請求に応じるために使用される手法

        通常の状況では、ファンドは一般的に、他のキャッシュ・フローがプラスであれば買戻しに応じるこ
       とを想定している。この選択ができない場合、ファンドは、取引コストも計算に入れながら、買戻しに
       応じるために持ち分を部分的に売却することによって、リスク・エクスポージャーを維持しようと努め
       る。さらにファンドは、ポートフォリオを可能な限り維持する方法で買戻しを履行するために、より大
       きなクライアントと共同する場合がある。
        市場がストレス状態にある場合を含む特定の状況では、受益者への買戻し金の支払いと合わせるため
       に相手方との市場取引の決済を繰上げること、または規制上の要件内で、取引の決済と合わせるために
       受益者の取引の決済を延期することを含め、ファンドが買戻しに応じるために使用できる追加的な手段
       がある。ファンドはまた、７日を上限として買戻し金の支払いを延期することができる。さらに、この
       ような通常とは異なる状況においては、ファンドは、一定の規制条件に従い、かつ受益者集会において
       認められた手続きを得られた場合、インターファンド貸付制度または共同契約与信枠を含む銀行の信用
       供与を通じて、買戻し請求に応じるために借り入れを行うことができる。
       一時的な運用手段

        採用される戦略または方針がファンドの投資目的に一致する限り、アドバイザーがファンドが最善の
       策であると考える場合に、通常の投資方針および投資戦略から一時的に離れて運用を行うことが可能で
       ある。例えば、ファンドが多額のキャッシュフローを受け取り、直ちに慎重な投資を行えないような場
       合、デリバティブまたは上場投資信託（                     ETF  ）などの金融商品がより有利な値を付けているか、または必
       要とされる流動性を有する場合、ファンドはその通常の限度額を超えて、ファンドの投資目的に整合し
       ているデリバティブまたは              ETF  に投資することができる。
       頻繁な取引またはマーケット・タイミング

       背景
        投資者の中には、マーケット・タイミング等のミューチュアル・ファンドの受益証券の頻繁な取引を
       含む戦略により利益を得ようとする者もいる。非米国証券を保有しているファンドについて、投資者は
       ファンドの受益証券の価格と海外市場の価格の変動との間の予想される差額を利用するよう試みること
       （タイム・ゾーン裁定取引としても知られている。）ができる。投資者は、また、小型株および高利回
       り債等の投資証券を有するファンドの頻繁な取引を行うこともできる。頻繁な取引を行う受益者により
       ファンドへの資金の出し入れが行われるため、ファンドには、証券の売買費用が生じ、よって売買委託
       手数料および管理事務費用が増加する。かかる費用は、ファンドの全受益者（費用を発生させない長期
       的投資者を含む。）が負担することになる。さらに、頻繁な取引により投資顧問会社によるファンドの
       効率的な運用が妨げられる可能性がある。
       頻繁な取引に対応するための方針

        バンガード・ファンド（マネー・マーケット・ファンドおよび短期公社債投信を除くが、バンガー
       ド・ショート・ターム・インフレーション・プロテクテッド・セキュリティーズ・インデックス・ファ
       ンドを含む。）は、企図して頻繁な取引を受け入れていない。各バンガード・ファンド（マネー・マー
       ケット・ファンドおよび短期公社債投信を除くが、バンガード・ショート・ターム・インフレーショ
       ン・プロテクテッド・セキュリティーズ・インデックス・ファンドを含む。）の受託者会は、頻繁な取
       引を発見しかつ自粛させるために、また、場合によっては、かかる取引に関連する費用をファンドに補
                                  11/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                 Ⓡ         TM
       填するために合理的に策定された方針および手続を採用した。バンガード                                         ETF   （ Vanguard     ETF   ）
       （注）
          受益証券の頻繁な取引は、通常、ポートフォリオの管理を妨げず、また、ファンドの受益者に損害
       を もたらさないため、これらの方針および手続は                         ETF  受益証券には適用されない。あらゆる場合におい
       て、バンガードが頻繁な取引またはマーケット・タイミングを発見または防止することができるという
       保証はないものの、かかる問題に対応すべく以下の方針が採用された。
       ・各バンガード・ファンドは、通知することなく、また、その金額にかかわらず、購入申込（他のバン
        ガード・ファンドからの乗換えを含む。）を拒否する権利を有する。例えば、購入申込は、投資者が
        過去に頻繁な取引を行ったことがあるという理由により、またはバンガードがかかる購入がファンド
        の運用もしくはパフォーマンスに悪影響を及ぼす可能性があると判断した場合、拒否され得る。
       ・各バンガード・ファンド（マネー・マーケット・ファンドおよび短期公社債投信を除くが、バンガー
        ド・ショート・ターム・インフレーション・プロテクテッド・セキュリティーズ・インデックス・
        ファンドを含む。）は、通常、一定の場合を除き、投資者がいずれかのファンド勘定から買戻しまた
        は乗換えを行ってから            30 暦日は当該ファンド勘定への当該投資者の購入または乗換えを禁止してい
        る。
       ・特定のバンガード・ファンドは、取引の際の買取手数料および／または買戻手数料を請求している。
        各バンガード・ファンド（リテールおよび政府マネー・マーケット・ファンドを除く。）は、その純
       資産額の決定に際して、適切な場合、「第一部　ファンド情報－第２　管理及び運営－３　資産管理等
       の概要－（１）資産の評価」に記載された公正価値による値付けを使用する。公正価値による価格決定
       により特定の頻繁な取引戦略の収益性が減少しまたは排斥されることがある。
        マーケット・タイミング取引を行う投資者は、バンガード・ファンドに投資してはならない。
       （注）米国特許取得番号          6,879,964     7,337,138     7,720,749     7,925,573     8,090,646     8,417,623
      （２）【投資対象】

        ファンドは、米国の株式市場全体の投資収益を測る目標となるインデックスのパフォーマンスへの一
       致を目指して運用を行う。
        以下および前項に記載されている投資戦略および投資方針の中には、特定の有価証券またはその他の
       資産についてファンドの投資または所有に関する制限を定めているものもある。法律により異なる要求
       がなされている場合を除き、かかる戦略および方針の遵守は、ファンドがかかる有価証券または資産を
       取得後、直ちに決定されるものとする。価額、純資産またはその他の状況のその後の変動は、投資が
       ファンドの投資戦略および投資方針を遵守しているか否かを決定される際、考慮されないものとする。
        以下の投資戦略、リスクおよび投資方針は、前項のファンドの投資戦略、リスクおよび投資方針を補
       足するものである。以下に記載された異なる種類の投資に関して、マネー・マーケット・ファンド以外
       のファンドは、その投資戦略および投資方針に一致する範囲で、当該投資対象を取得することができ
       る。
       借入

        ファンドによる資金の借入能力は、その投資方針と投資制限、                                1940  年法、   SEC  とそのスタッフおよびそ
       の他管轄権を有する監督当局により発せられる時々の適用免除、禁止行為通達書、解釈、その他公告事
       項によって制限される。             1940  年法の下では、ファンドは、暫定目的または緊急目的でのファンドの総資
       産の５％を超えない借入を除き、借入額の                      300  ％の連続資産補填率（すなわち、借入金を除いた負債控除
       後の借入金を含む総資産）を維持しなければならない。ファンドの総資産（借入時点）の５％を超える
       暫定目的の借入については連続資産補填率が維持されなければならない。市場変動の結果またはその他
       の理由で     300  ％の資産補填率が低下した場合は、ファンドは、投資の見地からは当該時に証券を売却する
                                  12/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       ことがたとえ不利であっても、債務を縮小して                        300  ％の資産補填率を回復するために、３日（日曜日と休
       日を除く。）以内にそのポートフォリオ保有分の一部を売却しなければならないことがある。
        借入は、ファンドのポートフォリオの市場価格の値上がりまたは値下がりの純資産価額への影響を増
       幅させる傾向がある。借入金は、当該借入による資金で買付けた証券の利益により回収できるか、回収
       できない金利負担を被ることになる。ファンドはまた、借入に関連して最低平均残高を維持すること、
       または与信限度の維持のための約定手数料等の手数料を支払うことを要求されることがあり、これら要
       件のいずれも表示金利以上に借入費用を増大させることになりうる。
        あるファンドの資本構成へのレバレッジ効果があるか、または経済上借入に相当する取引は、                                                 1940  年
       法の趣旨上ファンドによる借入の形態を成すとみなされるとの立場を                                    SEC  は取っている。かかる取引に
       は、逆買戻し特約付売買契約の締結、モーゲージ・ダラー・ロール取引の執行、証券の空売り（既に保
       有している証券の空売り（売りつなぎを除く。））、一部デリバティブ（先物契約等）の売買、プット
       オプションやコールオプションの売り（または買い）、セール・バイバックの執行、確定コミットメン
       トやスタンドバイ・コミットメント契約の締結、発行日取引、受渡し繰延取引または先物予約取引の執
       行およびその他の類似の取引への参加（これら一連の取引についてのさらなる記述は、請求によりその
       英語版を入手することができる追加情報説明書に記載される。）が含まれうる。借入取引は、                                                 1940  年法
       の第  18 条（ｇ）項に定義される「優先証券」のファンドによる発行になるとはみなされず、したがっ
       て、かかる取引は、当該ファンドが相殺資金高を維持する場合、当該借入取引に基づくファンドの潜在
       的経済エクスポージャーに等しい価値（毎日の市場マーク・ベースで決定されるところによる。）の流
       動資産（かかる流動性については、受託者会によって確立された手続きに従いアドバイザーが決定す
       る。）を分離している場合、または適用                     SEC  指針に従い当該取引を別途「カバー」する（当該取引を「カ
       バーする」と総称する。）場合は、ファンドによる借入に本来適用される                                      300  ％資産補填率要件の対象と
       ならない。ファンドは借入取引をカバーするために不利な時期または価格で証券を売買しなければなら
       ないことがある。そのほか、買戻しの充足のためまたはその他の債務を履行するために分離資産が充当
       できないことがある。
       普通株式

        普通株式は発行体に対する持分権または所有権を表示する。普通株式により、その所有者は、取締役
       の選任とその他重要事項に関する議決を行う権利および当該株式の配当を受け取る権利を付与される。
       発行体が清算される場合または破産を宣言した場合は、社債所有者、その他債権所持人、および優先株
       式所有者の請求権は、普通株式を保有する者の請求権に優先する。
       転換証券

        転換証券は、債券と普通株式の投資上の特徴を組み合わせたハイブリッド証券である。転換証券は概
       して、指定期間内（通常、当該証券の存続期間）に事前の確定価格で同一または異なる発行体の一定額
       の株式またはその他持分証券に（任意または強制ベースで）転換される債務証券または優先株式で構成
       される。転換証券には、ワラント付または普通株式付債務証券および債務証券や持分証券の特徴を組入
       れたデリバティブも含まれる。本書に明示されていない特徴やリスクを持つその他の転換証券が今後利
       用されることがありうる。転換証券は確定利付き証券や持分証券に係るリスクと同様なリスクを伴う。
       会社の資本構成において、転換証券は普通株式より上位に位置付けられるが、通常、発行体の債務証券
       より下位に位置付けられる。
        転換証券の市場価格は、その「投資価格」と「転換価格」との関数である。証券の「投資価格」は、
       その転換上の特徴のない場合の当該証券（すなわち、非転換性債務証券）の価値を表示する。投資価格
       は、その信用性を基準にして決定され、またその利回りの時価は満期または予想償還日を基準にして決
       定される。ある時点の投資価格は、全般的な金利水準、類似する非転換性証券の利回り、発行体の財務
       力、発行体の資本構成上の当該証券の優先順位等の要素による。証券の「転換価格」は、転換時または
                                  13/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       交換時に所持人が受け取ることができる株式数を、原証券の時価で乗じて決定される。転換証券の転換
       価格が投資価格を大幅に下回る場合、転換証券は非転換性債務または優先株式と同様に取引され、その
       市 場価格は原証券の市場価格の変動によって大きく影響されない。かかる場合、当該転換証券は債券の
       特徴を帯び、その価格は金利と反対方向に動く。逆に、転換証券の転換価格が投資価格に近いか、それ
       を上回る場合、当該転換証券の市場価格は、原証券の市場価格の変動によって大きく影響される。かか
       る場合、当該転換証券の価格は、普通株式と同様に乱高下することがある。金利と市場のいずれの動き
       もその価格に影響するため、転換証券は一般に、類似する債務証券ほどには金利に対し敏感ではなく、
       またその原持分証券ほどには株価変動に対し敏感ではない。転換証券は往々にして投資適格級以下に格
       付けされたり、格付けされないことがあり、一般に高度の信用リスクを被る。
        あらゆる市場は時間的経過に応じて変化するものであるが、転換証券が消却され（発行体による強制
       転換もしくは予定の転換によるか、または所持人による任意償還による。）、新規発行の転換証券と取
       り替えられる割合が一般に高いことは、他の市場よりも転換証券市場を急激に変動させることがある。
       例えば、取得される転換証券の一部経済セクターへの集中は、株式市場のボラティリティやかかるセク
       ター特有のリスクに対する転換証券市場の敏感性を高めることになりうる。さらに、強制転換証券や株
       式連動証券のような革新的構造を持つ転換証券は、株式市場のボラティリティやかかる革新的特徴固有
       のリスク（従来型の転換証券に伴うリスクとは異なるリスクやそれを上回るリスクを含む。）に対する
       転換証券市場の敏感性を増大させている。転換証券は発行体の選択により、転換証券の構成書面に定め
       られる価格で償還される。ファンドの保有する転換証券が償還の対象となり、償還が請求された場合、
       ファンドは、発行体が証券を償還し、転換対象である普通株式に転換し、または第三者に売却すること
       を認めなければならない。
       預託証券

        預託証券（参加証券としても売られる。）とは、ある証券または「預託機関」に預託された証券プー
       ルに対する所有権を証する証券である。預託証券は、保証付または無保証のことがあり、米国預託証券
       （ ADR  ）、欧州預託証券（          EDR  ）およびグローバル預託証券（                GDR  ）が含まれる。        ADR  については、その預
       託機関は往々にして米国の金融機関であり、原証券は米国以外の国の発行体によって発行される。その
       他の預託証券については、その預託機関は米国以外の国のまたは米国の機関のことがあり、その原証券
       は米国以外の国のまたは米国の発行体のことがある。預託証券は必ずしも原証券と同一の通貨建てでは
       ない。   ADR  は一般に、記名式で発行され、米ドル建てであって、米国証券市場での使用のためのものであ
       る。  GDR  や EDR  のようなその他の預託証券は、無記名式で発行されることがあり、その他の通貨建てで
       あって、一般に米国以外の証券市場での使用のためのものである。かかる２種類の預託証書のファシリ
       ティ（無保証または保証付）は類似しているが、所有者の権利と義務および市場参入者の取引慣行に関
       しては相違点がある。預託機関は、原発行体による参加（またはその承諾）なしに無保証のファシリ
       ティを設定することができる。ただし、預託機関は往々にして、当該ファシリティの設定前に原発行体
       からの異議申立不可書を請求する。無保証預託証書の所持人は原則として、当該ファシリティに係る全
       コストを負担する。預託機関は通常、原証券の預託時と回収時、配当金の米ドルまたはその他通貨への
       換算時、現金以外の分配の処分時、およびその他サービスの履行時に手数料を請求する。無保証ファシ
       リティの預託機関は往々にして、原発行体から受け取った通信連絡を株主に伝える義務、または原証券
       に関る議決権を預託証券所持人に移譲する義務を負っていない。
        保証付預託証券のファシリティは、保証付預託証券のファシリティが預託契約を通じて預託機関と原
       発行体とによって共同で設定されること以外、原則として無保証ファシリティと同じ方法で設定され
       る。預託契約には、原発行体、預託機関、および預託証券所持人の権利と責務が定められる。保証付
       ファシリティについては、原発行体は概して、預託証券に係る費用（預託機関の配当支払手数料等）の
       一部を負担するが、ほとんどの保証付預託証券所持人は預託手数料や回収手数料等の費用を負担するこ
                                  14/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       とになろう。大方の保証付預託証券の預託機関は、原発行体の要請に応じ、株主総会通知、議決指図
       書、その他預託証券所持人への株主通信連絡や情報を配布することを承諾している。
        ファンドの投資目的の趣旨上、預託証券への投資は原証券への投資とみなされる。したがって、普通
       株式の所有権を表示する預託証券は普通株式として取り扱われる。預託証券は、米国以外の国の発行体
       の証券への直接投資に伴うリスクのすべてを取り除くものではない。
                                  15/564



















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       デリバティブ

        デリバティブとは、他の資産、基準レート、もしくは指数の価値に基づくまたは由来する価格を持つ
       金融商品である。デリバティブは、商品、株式、債券、金利、為替レート、関連指数等の多様な対象基
       準項目に関係していることがある。デリバティブには、先物契約、先物契約オプション、一部の先約取
       引、証券オプション、キャップ、フロア、カラー、スワップ契約、およびその他の一部の金融商品が含
       まれる。先物契約や一部オプション等の一定のデリバティブは、米国商品および証券取引所において取
       引され、一方、スワップ契約等のその他のデリバティブは直接相対取引され、店頭（                                            OTC  ）市場で非公開
       に取引の実施ができ、また、決済機関を通じての清算（「清算されるデリバティブ」）も取引所または
       スワップ執行機関においての取引も可能である。ドッド・フランク・ウォール街改革及び消費者保護に
       関する法律（以下「ドッド・フランク法」という。）により、かかる一部の標準的なクレジット・デ
       フォルト・スワップおよび金利スワップ取引のようなスワップ契約は決済機関で決済されなければなら
       ず、また、取引所またはスワップ取引システムで取引しなければならない。当該規定により、取引の全
       体的な費用が増加することがある。デリバティブ規則改革の遵守は、デリバティブ市場に関連し発生す
       るリスクを低減する。一方で、新規則は、なかでも、より標準的な商品の流動性を増加させ、その価値
       を低下させる、一方で、より標準的でない商品に関しての流動性を減少させ、その価値を上昇させう
       る。デリバティブの利用に伴うリスクは、デリバティブの元である証券または資産への直接投資に伴う
       リスクとは異なり、それよりも大きいであろう。
        デリバティブはヘッジ、リスク管理、全額投資の維持の追求、取引費用の軽減の追求、株式または債
       務証券またはその他投資対象への投資を刺激することの追求および株式または債務証券またはその他投
       資対象と比較してデリバティブが有利に価格設定されている時にポートフォリオ・ポジションをより効
       果的に利用するためにデリバティブを用いての付加価値の追求を含むがこれらに限定されない様々な目
       的のために使用されることがある。一部の投資者は、デリバティブを主に投機目的で使用しうるが、他
       のデリバティブの使用は投機的でないこともある。ファンドのアドバイザーによって採用されるデリバ
       ティブ戦略が成果を上げるとの保証はない。ファンドの                             OTC  デリバティブ取引のその他当事者（通常、
       「取引相手」と称される。）は、                 1940  年法と内国歳入法の特定条項の目的のため、当該                         OTC  デリバティブ
       が同法の下で証券または投資としての資格を得る可能性があるとしても、その発行人とみなされない。
       ファンドのアドバイザーは              OTC  デリバティブ取引相手への資金の信用リスクを適宜調整監視する。
        デリバティブは、株式、債券、その他従来の投資対象とは異なる投資手法やリスク分析を必要とする
       高度に専門化された商品である。デリバティブの使用には原商品についての理解だけではなく、起こり
       うるあらゆる市況下でデリバティブの推移を見守ることの恩恵がない場合であってもデリバティブ自体
       についての理解も必要とする。
        ファンドが清算されるデリバティブ取引を行う場合、先物取次業者（                                     Futures     Commission      Merchant
       （ FCM  ））へ当初証拠金の預け入れが要される。当初証拠金は、一定期間における清算されるデリバティ
       ブの市場価値値動きと同額として一般的に計算される。ファンドの清算されるデリバティブの価値が減
       少した場合、ファンドは、価値変動の清算のため、                           FCM  への「変動証拠金」の追加支払いを要される。
       ファンドの清算されるデリバティブの価値が上昇した場合、                               FCM  は、価値変動の清算のため、ファンドへ
       の「変動証拠金」の追加支払いを要される。本プロセスは、「値洗い」として知られており、日次で計
       算される。
        OTC  デリバティブについて、ファンドは、取引相手の支払不能もしくは破産の結果、または取引相手に
       よる所定の支払の履行不能もしくはその他契約条件の順守不履行の結果、損失を被りうるというリスク
       にさらされる。さらに、信用デリバティブの使用は、信用デリバティブの元となる発行体の信用性を
       ファンドのアドバイザーが正確に評価していない場合は損失となることがある。
        デリバティブは、特定のデリバティブの売買が困難である時に発生する流動性リスクを被ることがあ
       る。デリバティブ取引が特に大規模である場合、または関係市場が（一部の                                       OTC  デリバティブの場合のよ
                                  16/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       うに）非流動的である場合、有利な時期もしくは価格で取引を開始することまたはポジションを清算す
       ることはできなくなるであろう。
        デリバティブは、特定のデリバティブが過去の価格もしくは対応する資金市場商品の価格と比較して
       異常に高くなる時に発生する価格設定リスク（「ベーシス」リスク）を被ることがある。一定の市況下
       では、損失の回避もしくは機会の利用のために適時に取引を開始すること、またはポジションを清算す
       ることが経済効果的にできなくなることがある。
        一部のデリバティブはレバレッジ構成要素であるため、原資産、基準レート、もしくは指数の価値ま
       たは水準の不利な変動は、デリバティブ自体への投資額を大幅に上回る損失をもたらすことがある。一
       部のデリバティブは、当初投資の規模に関らず、無限の損失の可能性を内包している。デリバティブ取
       引は、   1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファンドによる発行になるとはみなされ
       ず、したがって、かかる取引は、ファンドが前述の「借入」の見出しの項に記載される要件に従うこと
       を条件として当該取引をカバーする場合は、ファンドによる借入に本来適用される                                          300  ％資産補填率要件
       の対象とはならない。
        その他大方の投資対象と同様に、デリバティブは、当該商品の市場価格がファンドの利益を損なう形
       で変動するというリスクを被る。ファンドは、そのアドバイザーがファンドのために派生ポジションを
       設定する際に将来の市場動向または資産、基準レート、指数もしくはその他金融経済要素の評価値を不
       正確に予測するかもしれないというリスクを負う。アドバイザーがポートフォリオ投資に対するヘッジ
       として、またはその代替物としてデリバティブを利用しようとする場合、ファンドは、当該デリバティ
       ブがポートフォリオ投資との不完全な連関性または無連関性を維持または展開するというリスクに晒さ
       れる。このことは、ファンドに大きな損失をもたらしうる。デリバティブを含んだヘッジ戦略は、損失
       リスクを軽減しうる一方、利益の機会を低減したり、ファンドのその他投資対象の有利な価格動向を相
       殺することによって損失さえもたらすことがある。多くのデリバティブ、特に                                         OTC  デリバティブは複雑
       で、往々にして主観的に評価される。不適切な評価は取引相手への支払金の必要の増大またはファンド
       に対する価値の喪失をもたらしうる。
        ファンドは、商品取引法のルール                  4.5  に従う意向であり、同ルールに基づき、あるミューチュアル・
       ファンドは、当該ファンドが特定の商品取引法に規制された金融商品（先物商品、オプションまたはス
       ワップ等）への投資の制限および特定の販促規制への準拠等、特定の条件を充足する場合に、「コモ
       ディティ・プール・オペレーター（                  CPO  ）」の定義より除外されうる。したがって、バンガードは、ファ
       ンドに関して証券取引法に基づく                 CPO  として登録されておらず、また規制も受けていない。ファンドは、
       米国もしくは米国外の取引所、商品取引所または類似の団体において取引されているか、または自動相
       場表示システム上に上場されている先物契約および先物オプションのみを締結するものとする。
       取引所で取引されるファンド

        ファンドは、取引所で取引されるファンド（                       ETF  ）の受益証券を取得することがある。ファンドは概し
       て、ファンドが先物契約を取得する（しかも購入の代替として取得する）場合と同じ理由で                                               ETF  受益証券
       を取得するであろう。すなわち、株式市場または債券市場の全体または一部に対するエクスポージャー
       を得るために       ETF  受益証券を取得するであろう。                ETF  受益証券は先物に勝る幾つかの利点を有している。
       市場、保有期間、その他要素の如何によっては、                         ETF  受益証券は先物よりもコストが低く、税効果がより
       高いことがある。そのほか、               ETF  受益証券は、小額で取得でき、適格なまたは流動的な先物契約がない市
       場セクターや市場形態に対するエクスポージャーを提供し、またレバレッジを伴っていない。
        ETF  への投資は一般に、同一の投資目的、投資戦略、投資方針を有する従来型ファンド（すなわち、取
       引所で取引されていないファンド）への投資と同様な主要リスクを示す。                                       ETF  の価格は幅広く変動し、
       ファンドは、       ETF  によって保有される証券の価格が下がった場合には                           ETF  への投資金を喪失することがあ
       りうる。さらに、         ETF  は、従来型ファンドには該当しない下記のリスクを被る。（１）                                  ETF  受益証券の市
       場価格は、その純資産価額に対する割引価格またはプレミアムで取引されることがある。（２）                                                 ETF  受益
                                  17/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       証券の活発な取引市場は発達しなかったり、維持されないことがある。（３）                                        ETF  受益証券の取引は、個
       別のまたは市場全体の取引停止（特定の受益証券の価格または全ての市場価格が一定の割合下がった場
       合、  一定期間取引を停止する。）により停止される場合がある。                               ETF  受益証券の取引はまた、受益証券が
       別の取引市場で上場されずに取引市場で上場が廃止された場合、上場取引所の担当者が以下の取引停止
       が公正で秩序ある市場であるため、または投資者を保護するために適切であると決定した場合にも、停
       止されることがある。
        大部分の     ETF  は投資会社である。したがって、ファンドの                       ETF  の購入は「その他の投資会社」の見出し
       の下に記述されているファンドの他の投資会社に対する投資に関する一般的制限およびリスクの対象と
       なる。バンガード         ETF  受益証券はバンガード・ファンドが保有するポートフォリオの収益を反映する、取
       引所で取引されるファンドである。ファンドのバンガードの                                ETF  への投資もまた下記「その他の投資会
       社」の見出しの下に記述されているファンドの他の投資会社に対する投資に関する一般的制限およびリ
       スクの対象となる。ただし特定の条件を満たすことを前提に                               1940  年法の第     12 条（ｄ）（１）に定義され
       る制限を越えて        SEC  が登録済投資会社に          ETF  受益証券を発行するバンガード・ファンドに対する投資を許
       可する場合を除く。
       米国以外の国の証券

        米国以外の国の証券は、米国以外の国の法人や米国以外の国の政府等、米国外で設立された、米国外
       を所在地とする、または米国外に主たる営業所を有する主体によって発行された株式または債務証券で
       ある。ある証券が米国外で組織された会社の発行する証券だとしても、その会社の主要な運営が米国内
       から行なわれている、またはその会社の株式が主に米国の証券取引所で取引されている場合は、米国以
       外の国の証券とは看做されない。米国以外の国の証券は米国または米国以外の国の証券市場で取引され
       る。ファンドは、米国以外の国の証券を直接取得するか、または預託証券もしくは米国以外の国の証券
       に替わる同様な商品の預託持分（預託証券）を間接的に取得することによって（前述を参照）米国以外
       の国の投資を行う。米国以外の国の証券への直接投資は米国以外の国の証券取引所または店頭（                                                 OTC  ）市
       場で行われる。米国以外の国の証券への投資は、米国企業または米国政府の証券への投資には概して伴
       わない一定の特殊なリスク勘案事項を伴っている。
        米国以外の国の発行体は一般に、米国の発行体に適用されるものに相応する統一的な会計監査・財務
       報告基準の対象となっていないため、一部の米国以外の国の発行体については、米国の発行体よりも公
       開入手できる情報が少ないことがある。多くの米国以外の諸国では証券の所有権の証拠が不確実なこと
       がある。その結果、ファンドが損失を被るリスクが存在し、ファンドによる取引明細が取引時に不正確
       または不正に記入されるというリスクを含むが、これに限られない。米国以外の国の発行体の証券は一
       般に、対応する米国発行体の証券よりも値動きが大きく流動性が低く、また米国以外への投資は複雑で
       不明確性をかかえた構成を通じて行われることがある。一部の国々では、米国におけるよりも証券取引
       所、ブローカー、上場企業に対する政府の監督規制が少ない。米国以外の証券市場において取引される
       有価証券が、発行体、証券取引所もしくは政府当局によって停止されうるリスクもまた高い。さらに、
       一部の米国以外の諸国に関しては、押収もしくは没収的課税、政治社会的不安定、戦争、テロ事件、国
       有化、資金もしくはその他資産の移動制限、またはかかる国々への米国投資に影響しうる外交的展開が
       起こりうる。さらに、外国により米国に課せられた、もしくは米国により外国に課せられた経済的また
       はその他の制裁は、一定の投資証券にかかるファンドの購入、販売、保持、受領、引渡またはその他の
       取引能力を阻害しうる。また、制裁は、米国以外の国の証券の価値および／または流動性にも影響しう
       る。
        アドバイザーは当該状況下でファンドによる米国以外の国の証券のポートフォリオ取引に関し最も有
       利な執行コストを得ようと努めるであろうが、手数料およびその他の取引費用は一般に、米国証券に関
       るものよりも高額である。そのほか、主として米国以外の国の証券についての保管取決めに関る費用
       は、主として米国内証券に投資するファンドの費用よりも幾分高くなることが予想される。さらに、破
                                  18/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       産法は管轄により異なり、現金預金は保管銀行の債権者によって左右されうる。一部の米国以外の国の
       政府は、米国以外の国の証券の売却にかかるキャピタル・ゲインからの、または証券取引からの配当や
       利 息収入に対し源泉徴収税またはその他の税を課す。一部の国々ではかかる税金の一部はファンドに
       よって回収可能であるが、米国以外の国の源泉徴収税の非回収部分は、かかる証券からの受取収入を低
       減することになる。
        ファンドによって保有される非米ドル建ての米国以外の国の証券の価格は、為替レートの変動によっ
       て大きく影響されることがある。米国以外の国の証券の米ドル価格は一般に、当該証券の指定米国以外
       の国の通貨に対する米ドル価値の上昇時には値下がりし、また当該通貨に対する米ドル価値の下落時に
       は値上がりする傾向がある（「米国以外の国の証券－米国以外の国の通貨取引」の項で指摘されるよう
       に、ファンドはその通貨リスクをヘッジしようとすることがある。）。さらに、ファンド資産の価額
       は、米国以外の国の証券の売買のための様々な通貨間の換算において生じる損失やその他費用、通貨規
       制、取引管理規制、通貨切下げ、政治経済動向によって影響されることがある。
       米国以外の国の証券－米国以外の国の通貨取引

        ファンドの非米ドル建て米国以外の国の証券の米ドル価格は、米国以外の国の為替レートの変動や取
       引管理規制の変更によって有利または不利に影響されることがあり、またファンドは様々な通貨間の換
       算に関連する費用を負担することがある。かかる要素の純資産価額への影響を最小限に留めるために、
       ファンドは、米国以外の国の証券への投資に関連して米国以外の国の通貨取引を行うことがある。ファ
       ンドは、米国以外の国の証券への投資に伴う通貨リスクをヘッジするためにのみ米国以外の国の通貨取
       引を実施する。かかる取引は、ヘッジ対象通貨の価値の下落による損失リスクを最小限に留める傾向は
       あるが、当該通貨の価値が値上がりした場合に起こりうる利益の可能性をも限定することになりうる。
        為替取引は、為替市場の実勢レートによる現物（すなわち、現金）ベースで、または米国以外の国の
       通貨の先渡契約により行われる。通貨予約は、当該契約の期日に指定された価格で、将来のある期日
       （両当事者が合意した契約期日からある確定日数の期日）に特定の通貨を売買する義務を伴う。かかる
       契約は大手商業銀行との間または銀行間市場への参加者であるその他の通貨トレーダーとの間で結ばれ
       る。為替取引は、スワップ契約またはその他デリバティブの利用によっても行われることがある。為替
       取引は借入とみなされうる。為替取引は、                      1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファ
       ンドによる発行となるものとはみなされず、したがって、かかる取引は、ファンドが前述の「借入」の
       見出しの項に記載される要件に従うことを条件として当該取引をカバーする場合は、ファンドによる借
       入に本来適用される          300  ％資産補填率要件の対象とはならない。
        原証券の取引に含まれる米国以外の国の通貨の先渡契約を締結することによって、ファンドは、米ド
       ルと当該米国以外の国の通貨との関係上の不利な変動に起因する、取引日と決済日との間に起こりうる
       損失の一部または全部に対し自らを防護することができるであろう。かかる取引慣行は、「取引のヘッ
       ジ」と呼ばれることがある。そのほか、ある米国以外の国の通貨が米ドルに対し大幅な値下がりを被る
       とアドバイザーが合理的にみなす時は、ファンドは、当該米国以外の国の通貨建てのポートフォリオ証
       券の一部または全部の価額に近似する米国以外の国の通貨額の売却予約を締結することがある。かかる
       取引慣行は、「ポートフォリオのヘッジ」と呼ばれることがある。同様に、米ドルがある米国以外の国
       の通貨に対し大幅な値下がりを被るとアドバイザーが合理的にみなす時は、ファンドは、固定米ドル額
       に対する当該米国以外の国の通貨の買付予約を締結することがある。
        ファンドはまた、通貨先物取引、オプション取引、「クロスヘッジ」取引を行うことによって米国以
       外の国の為替レート・リスクをヘッジしようとすることがある。クロスヘッジ取引では、ある米国以外
       の国の通貨建ての証券を保有するファンドは、別の米国以外の国の通貨（価格動向に関し、一般にヘッ
       ジ対象通貨を追跡するとアドバイザーが合理的にみなす通貨）の売買のための通貨予約を締結する。ア
       ドバイザーは、価格設定もしくは追跡通貨により提示されるその他の機会を利用するため、またはより
       流動的なもしくは効率的な追跡通貨の市場を利用するため、当該証券の指定通貨よりもむしろ追跡（ま
                                  19/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       たは代替）通貨を選定することがある。かかるクロスヘッジ取引は、一部米国以外の国の通貨に対する
       米ドル価値の値上がりまたは値下がりに対しファンドを防護するために役立つと予想される。
        ファンドは、米国以外の国の証券への投資に資するため、また通貨変動に対する防護および当該資産
       を米ドルに変換する必要性のために（結果的には取引費用の軽減のために）、米国以外の国の通貨建て
       銀行預金としてその資産の一部を保有することがある。かかる資産が米ドルに再変換される範囲内で、
       そのように維持される資産の価値は、米国以外の国の為替レートの変動や取引管理規制の変更によって
       有利または不利に影響される。
        通貨市場の動きを予測することは極めて困難である。ヘッジ戦略が成果を上げるか否かは非常に不確
       実である。さらに、通貨予約の期限満了時のポートフォリオ証券の市場価格を正確に予測することは不
       可能である。したがって、ファンドは、米国以外の国の通貨市場または証券市場の動きに関するアドバ
       イザーの予測が不正確であると判明した場合は、スポット市場で追加の通貨を売買（かつ当該取引の費
       用を負担）しなければならないことがある。さらに、クロスヘッジ取引の利用は、特殊なリスクを伴う
       ことがあり、ヘッジが設定されなかった場合よりも不利な状況にファンドを貶めることがある。通貨予
       約は直接的な相対取引であるため、ファンドがその旨希望する場合は通貨予約をその期限満了に応じて
       ロールオーバーする柔軟性を維持するとの保証はない。さらに、当該契約の他方当事者が同契約に基づ
       くその役務を履行するとの保証もない。
       先物契約および先物オプション

        先物契約および先物オプションは、デリバティブである。先物契約は、将来の特定時点にいずれかの
       商品の特定数量を特定価格で購入し、または売却するという二当事者間の標準化された契約である。か
       かる商品は、資産、参照レート、または指数から構成することができる。証券先物契約は、単一の持分
       証券または対象証券の狭い証券指数の特定数量の売却に関係する。先物契約の価格は、対象となる商品
       の価値と平行的に増減する傾向がある。先物契約の買い手は、決済日に対象商品を購入する契約の当事
       者となり、先物契約を「ロング（買建て）する」といわれる。先物契約の売り手は、決算日に対象商品
       を売却する契約の当事者となり、先物契約を「ショート（売建て）する」といわれる。先物契約が売買
       される価格は、電子的市場または取引所の場でトレーダー（自己売買主体）またはブローカー（委託売
       買主体）として行為する取引所会員間の公開気配売買（オープン・アウトクライ）により決定される。
       未決済の先物契約は、当該契約の条件に応じて、決済日における対象商品の現物受渡しまたは現金決済
       額の支払によりこれを清算し、またはクローズすることができる。（証券先物などの）一部の金融先物
       契約では、満期日における現物決済が規定されている。その他の（金利、非米国通貨および広範囲の証
       券指数などの）金融先物契約では、一般に、満期日における現金決済が規定されている。現金決済され
       る先物契約の場合、現金決済額は、当該契約の最終取引日における最終清算価格または関連する商品の
       市場価値と当該契約開始時の関連する商品の価格の差額に等しい。ただし、大半の先物契約は期日まで
       保有されることはなく、その代わり、同一の先物契約の反対ポジションの設定により、決済日前に反対
       売買により相殺される。
        先物契約の買い手または売り手は、決済日まで当該契約を保有しない限り、対象商品を引き渡し、ま
       たは原商品の対価を支払う必要はない。しかし、買い手も売り手も、先物契約の約定時に                                              FCM  に「当初証
       拠金」を預託しなければならない。当初証拠金は、多くの場合、一定期間における当該先物契約の市場
       価値値動きと同額として計算される。先物契約のファンドのポジションの価値が下落した場合、当該
       ファンドは、追加の「変動証拠金」を                    FCM  に支払い、価値の変動を清算しなければならない。先物契約の
       ファンドのポジションの価値が上昇した場合、                        FCM  は、当該ファンドに対して追加の「変動証拠金」を支
       払い、価値の変動を清算しなければならない。このプロセスを「値洗い」といい、日次で計算される。
       先物取引は、       1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファンドによる発行となるものと
       はみなされず、したがって、かかる取引は、ファンドが前述の「借入」の見出しの項に記載される要件
                                  20/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       に従うことを条件として当該取引をカバーする場合は、ファンドによる借入に本来適用される                                                300  ％資産
       補填率要件の対象とはならない。
        先物契約を対象とするオプション（または先物オプション）は、当該オプションの満期を迎える前の
       いずれかの時点に特定の先物契約を特定の価格（行使価格またはストライク・プライスという。）で購
       入（コール・オプションの場合）し、または売却（プット・オプションの場合）する権利（義務ではな
       い）を伴う。オプションの売り手は、オプション・ライターと呼ばれる。オプションの価格は「プレミ
       アム（オプション料）」という。オプションの買い手に生じうる損失は、プレミアムの金額に取引費用
       を加算した額に限定される。これは、たとえば、オプションがその満期日前に保有され、行使されない
       場合に発生しうる。一般にオプションの売り手（オプション・ライター）は、オプションの買い手が支
       払うプレミアムを得ることを目的としてオプションを売却する。オプションの売り手が売却したオプ
       ションが行使されずに満期を迎えた場合、オプションの売り手はプレミアムの全額を留保する。しか
       し、オプションの売り手は無制限の金銭的リスクを負う。これは、オプションの売り手に生じうる損失
       が、オプションが売られたときに受領したプレミアムにより相殺される部分を除き、満期日に当該オプ
       ションが「イン・ザ・マネー」である金額に等しいからである。コール・オプションは、対象資産の先
       物契約の価格が当該オプションの行使価格を上回る場合に「イン・ザ・マネー」である。プット・オプ
       ションは、当該オプションの行使価格が対象資産の先物契約の価格を上回る場合に「イン・ザ・マ
       ネー」である。一般に、オプションの買い手が実現する利益は、オプションの売り手にとっての損失を
       表す。
        先物オプションの売り手のポジションをとるファンドは、先物契約の場合において上記に記載されて
       いるように、当該オプションに関して当初証拠金および変動証拠金を預託しなければならない。先物オ
       プション取引は、         1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファンドによる発行となるも
       のとはみなされず、したがって、かかる取引は、ファンドが前述の「借入」の見出しの項に記載される
       要件に従うことを条件として当該取引をカバーする場合は、ファンドによる借入に本来適用される                                                   300  ％
       資産補填率要件の対象とはならない。
       先物契約および先物契約についてのオプションにおけるリスク

        先物契約上および先物契約についてのオプション取引上の損失のリスクは、必要預託証拠金の額が低
       い反面、先物およびオプションの価格決定に包含されるレバレッジの度合いが極めて高いこと、および
       潜在的に先物市場の変動性が高いことという理由によって重大なものとなる可能性がある。その結果、
       先物ポジションにおける比較的小さな価格変動も投資者に直ちに重大な損失（または収益）を与える可
       能性がある。例えば、購入時に先物契約の価額の                          10 ％に相当する証拠金を預託した場合、その後先物契
       約の価額が      10 ％下落すれば、その時点で口座を閉鎖した場合、取引経費控除前でも預託証拠金の全額が
       損失となる。       15 ％の下落の場合、その時点で契約を終了すれば、当初預託証拠金の                                  150  ％相当の損害が発
       生することとなる。このように、先物契約の売買および先物オプション取引はそれに投資された金額を
       超える損失を招くおそれがある。不利な価格変動が生じた場合、ファンドは引き続き必要な証拠金を維
       持するための日々の現金の支払いを行うことを要求される。かかる状況において、ファンドが十分な現
       金を有していない場合、ファンドは売却が不利な時期であっても、日々の証拠金要件（適用があれば離
       散要件）を充足させるためにポートフォリオ証券を売却しなくてはならない可能性がある。さらに、
       ファンドは、決済日にその保有する先物ポジションの対象となる証券の交付を要求される可能性もあ
       る。
        二次市場（流通市場）における流動性の不足によりファンドが先物契約または先物オプションを手仕
       舞うことができない場合、ファンドは損失を被りうる。先物契約および先物オプションは、かかる先物
       の二次市場を提供する取引所においてのみこれを手仕舞うことができる。しかしながら、いずれの特定
       の時点でも、特定の先物商品に流動性のある二次市場が存在しているという保証はない。さらに、大半
       の先物取引所は、一日の間の先物契約の許容される値幅を制限している。日々の値幅制限により、先物
                                  21/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       契約の価格について、前日の取引終了時点の清算価格からの最大の許容上昇幅および許容下落幅が設定
       される。特定の種別の契約でいったん値幅制限に価格が到達すると、当該日にはその制限を超える価格
       で の取引はできなくなる。日々の値幅制限は、特定の取引日の間の値幅のみを律するものであり、した
       がって、生じうる損失を限定するものではない。これは、値幅制限により不利なポジションの清算がで
       きなくなる可能性があるためである。先物契約の価格は、時に、何取引日か連続して値幅制限に到達す
       る場合があり、これにより先物契約の迅速な清算ができず、先物トレーダーが相当な損失を被る場合も
       ある。先物またはオプションのポジションの手仕舞い不能は、ポートフォリオ投資対象をヘッジし、ま
       たはポートフォリオ投資対象の代替ポジションを設定する能力にも悪影響を及ぼしうる。米国債先物に
       ついては、このような日々の値幅制限はない。
        ファンドは、投資運用会社が将来の相場動向を不正確に予測するリスクを負う。投資運用会社が先物
       契約または先物オプションをポートフォリオ投資対象のヘッジ手段または代替的投資として使用するこ
       とを意図する場合、ファンドは、当該先物ポジションとポートフォリオ投資対象との間に相関関係が生
       じないリスクまたは不完全な相関関係が形成されるリスクにさらされる。これはファンドに相当な損失
       を生じさせる可能性がある。先物商品を使用するヘッジ戦略は、損失のリスクを低減させうるが、一方
       で、利益の機会を低減させる可能性があり、他のファンド投資対象の有利な価格変動を相殺することに
       より損失を生じさせる場合もある。
        先物取次業者（        FCM  ）がファンドとの間の契約に違反し、または支払不能、もしくは破産に陥った場
       合、ファンドは、当該先物取次業者に預託した証拠金を失う可能性がある。このような場合、ファンド
       は、当該先物取次業者の他の顧客が受領する金額に比例する程度でのみ、ファンドに支払われるべき証
       拠金の返却を受ける権利を与えられる可能性があり、これによりファンドに損失が生じる可能性があ
       る。
       ファンド間借入およびファンド間貸付

        SEC  は、登録されたオープン・エンド型バンガード・ファンドがバンガードのインターファンド・レン
       ディング・プログラムに参加することを許容する免除を与えている。このプログラムはバンガード・
       ファンドが、一時的または緊急の目的のために相互に資金の借入れおよび貸付を行うことを許容してい
       る。プログラムは、（１）通常の銀行との間での同種の取引におけるよりもより有利な利息を得られる
       ものでない限りファンドはプログラムを通じて借入れまたは貸付を行ってはならない（２）ファンド
       は、借入によって、プログラムによる借入残高総額が借入時の当該ファンドの純資産の                                             15 ％を超えるこ
       とになる場合は資金を借り入れることはできず、また（３）あるファンドによる一ファンドに対する
       ファンド間借入は貸手側ファンドの純資産の５％を超えてはならないとする要件を含む、多くの条件に
       服する。さらに、バンガード・ファンドは、かかる参加がファンドの投資目的および投資方針と両立す
       る場合で、かつ両立する範囲でしかプログラムに参加することはできない。バンガード・ファンドの受
       託者会はインターファンド・レンディング・プログラムを監視する責任を負う。貸手側ファンドへの返
       済の遅滞は、投資の機会の喪失または追加借入コストをもたらしうる。
       支配権獲得のための投資

        各バンガード・ファンドは、特定の投資目標を達成する目的でのみ、証券およびその他の証書に投資
       を行う。したがって、バンガード・ファンドは、個別または集合的に経営に関する決定に支配権を持つ
       ために企業の発行済議決権付株式を取得することを目的とはしていない。バンガード・ファンドは、経
       営権を支配する目的で企業への投資を行わない。
                                  22/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       オプション

        オプションはデリバティブである。証券（または指数）オプションは、「プレミアム」の支払の見返
       りとして、当該オプションの失効日前に特定の行使価格で当該オプションの原証券（または当該指数の
       現金価額）を当該オプションのライターから買い取る（コールオプションの場合）または当該オプショ
       ンのライターに売り付ける（プットオプションの場合）権利（ただし、義務ではない）を当該オプショ
       ン所有者に付与する契約である。証券オプションのライターは、当該オプションの行使時に、行使価格
       の支払に応じ原証券を引き渡す義務（コールオプションの場合）、または原証券の受渡しに応じ行使価
       格を支払う義務（プットオプションの場合）を負う。指数オプションのライターは、当該オプションの
       行使時に、当該指数オプションに係る特定の乗数で乗じた行使価格差引き後の当該指数の現金価額に等
       しい金額を支払う義務を負う。指数オプションの乗数は、当該オプションが表示する投資ポジションの
       規模を決定する。原商品、失効期日、契約規模およびストライク価格に関し標準化されている取引所で
       取引されるオプションとは異なり、                   OTC  オプション（取引所で取引されないオプション）の条件は一般
       に、オプション契約の他方当事者との交渉により設定される。この種の取決めは、買取人またはライ
       ターの必要に応じてオプションを適応させる大きな柔軟性を買取人またはライターに対し認めるもので
       あるが、     OTC  オプションは一般的に、取引所で取引される決済されたオプションについてではなく取引当
       事者に対する信用リスクを伴い、信用リスクは適用ある決済期間の関与を通して相互化される。
        オプションの買い手（または所持人）は、オプションを「ロング」すると言われ、またオプションの
       売り手（またはライター）は、オプションを「ショート」すると言われる。コールオプションは、あら
       かじめ決定された当該オプションの権利行使価格であるストライク価格で原証券を買い取る権利を所持
       人に対し認める（またライターに対し原証券の売付を義務付ける。）。プットオプションは、ストライ
       ク価格で原証券を売り付ける権利を所持人に対し認める（またライターに対し原証券の買取を義務付け
       る。）。オプションの買取価格は「プレミアム」と呼ばれる。オプションの買い手にとって潜在する損
       失は、プレミアムに取引費用を加算した金額に限定される。これは、オプションが失効日まで保有さ
       れ、行使されない場合に該当する。一般に、オプションのライターは、オプションの買い手が支払うプ
       レミアムを獲得する目的でオプションを売り付けるが、予想されるオプション価格の上昇または下落に
       よる利益を求めることもある。オプションのライターにより売り付けられたオプションが行使されるこ
       となく期限切れとなった場合、ライターは当該プレミアムの全額を確保する。ただし、オプションのラ
       イターは、当該オプションの引受時に受領したプレミアムで相殺される範囲内を除いた発生しうる損失
       が失効日現在の「イン・ザ・マネー」のオプションの金額に等しいために、無限の経済的リスクを負っ
       ている。原ポジションの価額が当該オプションの行使価格を超える場合にコールオプションは「イン・
       ザ・マネー」とされる。当該オプションの行使価格が原ポジションの価額を超える場合にプットオプ
       ションは「イン・ザ・マネー」とされる。一般に、オプションの買い手によって実現される利益は、オ
       プションのライターの損失を表示する。オプションの引受は、                                 1940  年法の第     18 条（ｇ）項に定義される
       「優先証券」のファンドによる発行になるとはみなされず、またかかる取引は、ファンドが前述の「借
       入」の見出しの項に記載される要件に従うことを条件として当該取引をカバーする場合は、ファンドに
       よる借入に本来適用される              300  ％の資産補填率要件の対象とはならない。
        特定オプションの取引市場が利用できなくなった場合、かかるオプションへの投資者（ファンド等）
       は、取引の再開までそのポジションを決済できなくなり、また対象持分の価格がかかる期間中に不利に
       動いた場合は多額の損失に直面することになりうる。市場が依然利用可能であったとしても、オプショ
       ン価格が対象持分や関連権益の価格に対し通常の関係または予想される関係を維持しない期間が生じう
       る。投資者の関心の欠如、ボラティリティの変化、またはその他の要素もしくは条件が、特定オプショ
       ンの市場の流動性、効率性、継続性、または秩序にさえ不利に影響しうる。
        ファンドは、そのアドバイザーが将来の市場動向を正確に予測しないかもしれないというリスクを負
       う。アドバイザーがポートフォリオ投資に対するヘッジとして、またはその代替としてオプションを利
                                  23/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       用しようとする場合、ファンドは、当該オプションがポートフォリオ投資との不完全な連関性または無
       連関性を維持または展開するというリスクに晒され、ファンドに大きな損失をもたらしうる。オプショ
       ン を含んだヘッジ戦略は、損失リスクを軽減しうる一方、利益の機会を低減したり、ファンドのその他
       投資対象の有利な価格動向を相殺することによって損失さえもたらすことがある。多くのオプション、
       特に  OTC  オプションは複雑で、往々にして主観的要素に基づき評価される。不適切な評価は取引相手への
       支払金の必要の増大またはファンドに対する価値の喪失をもたらしうる。
       OTC  スワップ契約

        OTC  スワップ契約はデリバティブの一種で、特定の資産、基準レート、または指数を参照して計算され
       る支払金を伴う指定額（概念上の金額）に基づき指定日（定期的支払日）に支払を交換する両当事者
       （取引当事者）間の契約である。
        OTC  スワップ契約の例には、金利スワップ、クレジット・デフォルト・スワップ、エクイティ・スワッ
       プ、商品スワップ、非米国為替スワップ、指数スワップ、エクセス・リターン・スワップおよびトータ
       ル・リターン・スワップが含まれるが、それらに限らない。ほとんどの                                     OTC  スワップ契約には、両当事者
       の定期的支払日が同日の時は、支払は純額計算され、純額のみが純支払金の受取資格のある相手方当事
       者に対し支払われる旨規定されている。したがって、あるスワップ契約に基づくファンドの当座の債務
       （または権利）は原則として、各当事者によって保有されるポジションの相対的価額を基準として、当
       該契約に基づき支払われるまたは受け取られる純額に等しくなる。                                  OTC  スワップ契約は多様な取引を可能
       にする。例えば、確定利付きの支払は変動利付きの支払と交換することができ、米ドル建ての支払は異
       なる通貨建ての支払と交換することができ、またある資産、基準レートまたは指数の価格に連動した支
       払は別の資産、基準レート、または指数の価格に連動した支払と交換することができる。
        「スワップション」とも呼ばれる                 OTC  スワップ契約       OTC  オプションは、市場ベースの「プレミアム」の
       支払と引き換えに、ある将来の期日にスワップを結ぶ権利（ただし、義務ではない）を買手に付与する
       オプションである。受取勘定スワップションは、特定の資産、基準レート、または指数に係るトータ
       ル・リターンを受け取る権利を所有者に付与する。支払勘定スワップションは、特定の資産、基準レー
       ト、または指数に係るトータル・リターンを支払う権利を所有者に付与する。スワップションには、一
       方取引当事者による既存のスワップの解約または延長を認めるオプションも含まれる。
        ファンドによる        OTC  スワップ契約の利用は一定のリスクを伴っており、かかるリスクは、スワップ契約
       の対象資産である証券やその他投資対象に直接投資することに伴うリスクとは異なることがあり、また
       それを上回ることがある。              OTC  スワップは、株式、債券、その他従来型投資対象に伴うものとは異なる投
       資手法、リスク分析および税務計画を要する高度に専門化された商品である。                                        OTC  スワップの使用には、
       対象となる資産、基準レート、または指数についての理解だけではなく、起こりうるあらゆる市況下で
       スワップの推移を見守ることの恩恵がない場合であってもスワップ自体についての理解を必要とする。
        OTC  スワップ契約は、特定のスワップの売買が困難である時に発生する流動性リスクを被ることがあ
       る。  OTC  スワップ取引が特に大規模である場合、または関係市場が（                               OTC  スワップの場合のように）非流
       動的である場合、有利な時期もしくは価格で取引を開始することまたはポジションを清算することがで
       きなくなることがあり、そのことが大きな損失をもたらすことになりうる。そのほか、                                             OTC  スワップ取引
       はファンドの非流動性証券への投資制限の対象となることがある。
        OTC  スワップ契約は、特定のスワップが過去の価格または対応する資金市場商品の価格と比較して異常
       に高く（または安く）なる時に発生する価格設定リスクを被ることがある。一定の市況下では、損失の
       回避もしくは機会の活用のために、またはスワップ契約の本来の価値を実現するために適時に取引を開
       始すること、またはポジションを清算することが経済的にできなくなることがある。
        特定の   OTC  スワップ契約はレバレッジ構成要素を含んでいるため、対象の資産、基準レート、もしくは
       指数の価値または水準の不利な変動は、スワップ自体への投資額を大幅に上回る損失をもたらすことが
       ある。特定      OTC  スワップは、当初投資の規模に関らず、無限の損失の可能性を内包している。レバレッジ
                                  24/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       された   OTC  スワップ取引は、         1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファンドによる発行
       になるとはみなされず、またかかる取引は、ファンドが前述の「借入」の見出しの項に記載される要件
       に 従うことを条件として当該取引をカバーする場合は、ファンドによる借入に本来適用される                                               300  ％資産
       補填率要件の対象とはならない。
        その他大方の投資対象と同様に、                 OTC  スワップ契約は、当該商品の市場価格がファンドの利益を損なう
       形で変動するというリスクを被る。ファンドは、そのアドバイザーがファンドのために                                             OTC  スワップポジ
       ションを設定する際に将来の市場動向または資産、基準レート、指数もしくはその他金融経済要素の評
       価値を不正確に予測するかもしれないというリスクを負う。アドバイザーがポートフォリオ投資に対す
       るヘッジとして、またはその代替物として                      OTC  スワップを利用しようとする場合、ファンドは、当該                            OTC
       スワップがポートフォリオ投資との不完全な連関性または無連関性を維持または展開するというリスク
       に晒される。このことは、当ファンドに大きな損失をもたらしうる。スワップ商品を含んだヘッジ戦略
       は、損失リスクを軽減しうる一方、利益の機会をも低減したり、ファンドのその他投資対象の有利な価
       格動向を相殺することによって損失さえもたらすことがある。多くの                                    OTC  スワップは複雑で、往々にして
       主観的に評価される。不適切な評価は取引相手への支払金の必要の増大またはファンドに対する価値の
       喪失をもたらしうる。
        OTC  スワップ契約の使用は、他方当事者の支払不能もしくは破産の結果、または取引相手による所定の
       支払の履行不能もしくはその他契約条件の順守不履行の結果、損失を被りうるというリスクを伴う。さ
       らに、クレジット・デフォルト・スワップの使用は、クレジット・スワップのベースである発行体の信
       用性をファンドのアドバイザーが正確に評価していない場合は損失をもたらしうる。
       米国以外の国の証券          - 米国以外の国の投資会社

        ファンドが投資する国々の一部は、国外投資者による直接投資を容認しないか、経済的制限を課すこ
       とがある。かかる国々へのファンドの投資は、他の投資会社を含む米国以外の国の政府承認または認可
       の投資機関を介してのみ認められることがある。かかる投資は、米国以外の国の証券に投資する登録ま
       たは未登録のクローズド・エンド型投資会社を通じて行われる。かかる機関を介しての投資は、重複的
       な手数料または費用を伴うことがあり、また「その他の投資会社」の見出しの下に記載されるとおり、
       ファンドによる他の投資会社への投資に対する制限およびそのリスクを被ることがある。
       その他の投資会社

        ファンドは、適用法または              SEC  免除の認める範囲内でその他の投資会社に投資することがある。                                 1940  年
       法の第   12 条（ｄ）（１）に基づき、ファンドはその資産の                          10 ％までを投資会社の株式に投資することが
       でき、また一般に、当該投資が取得投資会社の議決権付株式の３％以上を表象しない限りは、その資産
       の５％までを一投資会社に投資することができる。なお、バンガードがアドバイザーを務めるファンド
       は、クローズド・エンド型投資会社の議決権付株式を全体として                                  10 ％を超えて保有しない。             1940  年法お
       よびそれに関する定めは、例えば、投資会社の同じグループの中でほかのファンドに投資するファンド
       など、これら制限の一定の免除を規定している。ファンドがその他の投資会社に投資する場合、株主は
       ファンドの費用（営業費やアドバイザー報酬を含む）中の比例応分の負担分だけではなく、間接的には
       対象投資会社に係る同様な費用をも負担することになる。投資開発事業法人（                                         BDCs  ）のような投資会社
       は会社の経営と類似しており、発生する費用はファンドの受益者より直接支払われず、ファンドの純資
       産価格に計算されることがない。しかし                      SEC  の規定は投資開発事業法人で発生するいかなる費用も、
       「ファンド取得手数料および費用」としてファンドの経費率に含むよう要求している。そのため投資開
       発事業法人のファンドの経費率は、ファンド取得手数料および費用と同様に、ファンドがポートフォリ
       オマネジメント、管理サービスおよび他の受益者サービスに実際に何を費やしたかを誇張する。ファン
       ド取得手数料および費用はファンドの実際の費用をはっきりと示すファンドの財務書類に含まれない。
       株主はまた、ファンドの投資に伴うリスクだけではなく、対象投資会社のポートフォリオに伴うリスク
                                  25/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       にも晒されることになろう。クローズド・エンド型投資会社等一部のタイプの投資会社は、その純資産
       価額に対するプレミアムでまたはディスカウントで証券取引所または店頭において取引される一定数の
       株 式を発行する。その他の株式は純資産価格で継続して募集されるが、流通市場で取引されることもあ
       る。
        ファンドによる株式クラスの購入は、その他の投資会社（対象ファンド）の特定の株式クラスに限定
       されることがある。一定の場合において、投資者は当該対象ファンドの低コストの株式を個別に購入す
       ることができるため、全体の費用負担は少なくなる一方で、投資対象の類似のポートフォリオを構築
       し、長期にわたって維持することができる。
       優先株式

        優先株式はある発行体に対する持分権または所有権を表示する。優先株式は通常、一定の割合で配当
       を支払い、発行体の清算または破産宣言の場合には普通株式に優先する。ただし、発行体が清算される
       場合または破産宣言する場合、社債所有者の請求権は優先株式や普通株式を保有する者の請求権に優先
       する。優先株式には概して、普通株式とは異なり、当該企業の収益から支払われる表示配当率が示され
       ている。優先株式の配当は累積的または非累積的なものであったり、参加型であったり、または競売率
       のことがある。「累積的」配当規定では、発行体の普通株式に対する配当金が支払われる前に、事前の
       未払い配当金の全部または一部が支払われるべきとしている。「参加型」優先株式は、一定の場合には
       表示配当を超える配当を受けることができる。金利が上昇した場合、優先株式に対する固定配当は魅力
       が少なく、かかる株式の価格の下落を生じることがある。優先株式は強制的な減債基金規定および株式
       の償却または償還を認める規定を有することがあり、このことは金利の低下に係る利益を制限すること
       になりうる。優先株式は普通株式や債務証券が受けるリスクの多くを被る。また優先株式は、頻繁に取
       引されず、限られた数量で取引されるため、普通株式や債務証券より突然のまたは不安定な価格変動と
       なることがある。
       不動産投資信託（         REIT  ）

        エクイティ      REIT  は、直接不動産を所有し賃貸借収入により収益をあげる。エクイティ                                    REIT  はまた、財
       産を売却することで利益を得、キャピタル・ゲインを創出する可能性がある。モーゲージ                                              REIT  は、商業
       不動産デベロッパーに対して、建設、開発および長期モーゲージ・ローンの貸出しを行い、これらの
       ローンに付される金利収入を得る。ハイブリッド                          REIT  は、物件およびモーゲージの双方を所有する。法
       人レベルにおける課税回避のため、                   REIT  は、その収益のほとんどを株主に配当しなければならない。
       REIT  への投資は、不動産への直接投資と同様のリスクの多くに服する。一般的に、不動産価値は、物件
       の需要・供給、経済全般または地域経済状況および物件を利用する特定商業の経済状況等を含むがこれ
       らに限られないさまざまな要因に影響される。結局のところ、                                 REIT  のパフォーマンスは、所有する物件
       の種類や立地および           REIT  がどれだけうまくその物件を管理できるかどうかによる。例えば、賃料収入
       は、空室の長期化、近隣物件との競争の激化、テナントの賃料滞納、賃貸の規則規定、賃料収入の変
       動、市場における賃貸相場のばらつきまたは管理能力不足によって、減少しうる。物件価値は、同一地
       域における建設の過剰、環境責任、自然災害による無保険損害、近隣の全体的な価値減少、事故や不良
       による損害、固定資産税の上昇または土地区画法の変更によって、減少しうる。
        REIT  の価値はまた、金利の変動によっても影響を受ける可能性がある。金利の上昇は、一般的に、不
       動産計画の調達コストを上昇させ、当該上昇はエクイティ                              REIT  の価値の減少を引き起こしうる。金利の
       低下局面では、抵当権設定者は、モーゲージ                       REIT  に所有されるモーゲージの期限前返済を選択すること
       ができ、当該期限前返済は、               REIT  の利益の減少を引き起こしうる。                 REIT  はまた、キャッシュ・フローへ
       の重度の依存、借り手による不履行および税ならびに法律上の要請の変更にも服する。加えて、                                                   REIT
       は、内国歳入法（         Internal     Revenue     Code  ）上の免税者として非適格となる可能性および／または、                              1940
       年法からの免除を保てなくなる可能性を有する。
                                  26/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       レポ契約

        レポ契約とは、それに基づいてファンドが銀行、ブローカーまたはディーラーから債務証券（一般的
       には、米国政府またはその機関が発行した証券、銀行預り手形または譲渡性預金証書（                                              CD ））を取得
       し、同時に予め合意された価格で合意された日（通常、翌営業日）に売主が買い戻すことを承認する契
       約をいう。購入された証券は買戻し債務の担保を構成するため、レポ契約は、購入された証券によって
       担保された貸付と考えることができる。転売価格は証券がファンドに保有されている期間有効で、かつ
       対象となる証券の利率とは関連のない合意された利率を反映する。これらの取引においては、ファンド
       によって取得された証券（その経過利息を含む。）は、レポ契約の価額を超える総価額を有していなく
       てはならず、買い戻されるまでファンドの保管銀行に保有される。さらに、投資運用会社は、ファンド
       のレポ契約を一般的に監視するとともに、ファンドに関するレポ契約の当事者である銀行、ブローカー
       またはディーラーの信用度を評価する。かかる契約の総額は、法律により必要とされる限度内以外、制
       限されていない。
        レポ契約の利用には一定のリスクが伴う。リスクの一つとして、買戻日に合意されている買戻価格を
       支払う契約の相手方当事者の能力がある。契約の相手方当事者が不履行に陥った場合、ファンドは担保
       の処分において費用の負担を被る可能性があり、このような費用は担保の換金額を減少させると考えら
       れる。契約の相手方当事者が破産法に基づく救済を求めた場合、担保の処分は、遅れる可能性があり、
       または制限される可能性がある。例えば、契約の相手方当事者が支払不能に陥り、破産法その他の法律
       に基づいて清算または再編が行われた場合、裁判所は、対象証券はファンドの支配の及ばないファンド
       による貸付債権の担保であり、したがって、ファンドによるかかる担保の現金化は自動的に留保され、
       ファンドは対象証券の利息を取得することはできず、契約相手方の無担保の債権者とみなす旨の決定を
       する可能性がある。
       制限付証券および非流動性証券

        非流動性証券とは、ファンドが合理的に予想する投資対象であり、投資対象の市場価値を著しく変動
       させる売却または処分を行わない限り、現在の市場状況において７暦日以内に売却または処分すること
       ができない投資対象をいう。               SEC  は一般に、ミューチュアル・ファンドの非流動性証券の保有持分の総額
       を純資産の      15 ％（マネー・マーケット・ファンドの場合は５％）までに制限している。非流動性証券の
       値付けおよび売却には困難が生ずる場合があり、終了時を特定できないある期間、非流動性証券の値付
       けおよび売却を行なうことができないこともある。非流動性証券には、（１）７日後よりも後に期限を
       迎えるレポ契約（その契約に請求／買戻しに関する定めのない場合）、（２）店頭オプション、その他
       のデリバティブ（一定のスワップ契約を含む。）、（３）期限前支払いの対象とならず、または期限前
       支払時の引出しペナルティのない定期預金（オーバーナイト預金を除く。）、（４）特定の貸付金の利
       子および債務証書、（５）特定の地方リース債務、（６）未公開株式投資、（７）                                           1933  年法のセクショ
       ン４（ａ）（２）に従い発行されたコマーシャル・ペーパーおよび（８）連邦証券法規の下で売却が制
       限されている証券等、広範な投資対象が含まれうる。非流動性証券には、連邦証券法規の下で一般に適
       格機関投資家である購入者に対してのみ再売却することができる制限付私募証券が含まれる。
        ファンドが保有する制限付証券に関して大きく市場が発展した場合には、ファンドの受託者会の承認
       した手続およびガイドラインに基づき、流動証券として取り扱われることがある。これには一般に                                                   1933
       年法のルール       144A  にしたがって適格機関投資家に売却することができる未登録の証券または、コマー
       シャル・ペーパーのような              1933  年法への登録が免除されている証券が含まれる。ファンドの投資運用会
       社は制限付証券の流動性を監視するが、ファンドの受託者会は投資運用会社の決定を監視しこれに対す
       る最終的な責任を負う。受託者会が流動性の決定を監視する際に考慮する要素の中には、証券の評価、
       証券の取引を行っている適格機関投資家、ブローカーおよびディーラーの存否、証券発行体の情報の利
       用可能性が含まれる。
                                  27/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       逆買戻し特約付売買契約

        逆買戻し特約付売買契約では、ファンドは、資金の見返りとして銀行またはブローカー／ディーラー
       等の他者に対し証券を売却し、合意された価格と時期により当該証券を買い戻すことを承諾する。逆買
       戻し特約付売買契約に基づき、ファンドは契約期間中継続して原証券に対する元本と利息の支払を受け
       る。逆買戻し特約付売買契約は、ファンドに買戻し義務があるファンドが売却した証券の買戻し価格以
       下にファンドの保有する証券の市場価格が値下がりするというリスクを伴う。かかる損失に加えて、
       ファンドの費用は、逆買戻し特約付売買契約から受け取った資金の投資によってファンドが得た利益を
       超えることがある。逆買戻し特約付売買契約は                        1940  年法の趣旨上借入取引とみなされうる。逆買戻し特
       約付売買契約の取引は、             1940  年法の第     18 条（ｇ）項に定義される「優先証券」のファンドによる発行と
       なるものとはみなされず、またかかる取引は、前述の「借入」の見出しの項に記載される要件に従うこ
       とを条件としてファンドが当該取引をカバーする場合は、ファンドによる借入に本来適用される                                                 300  ％資
       産補填率要件の対象とはならない。ファンドは、アドバイザーによって信用性が精査され満足すべきと
       される者とのみ逆買戻し特約付売買契約を締結する。逆買戻し特約付売買契約における購入者が破産し
       た場合、または破産申立をした場合、他の関係者、受託者または受信者が証券の買戻しの権利の履行を
       決定するまでの間、ファンドの販売による収益の使途は制限される。ファンドが逆買戻し特約付売買契
       約により売却された証券を買い戻せない場合、ファンドは証券の価格とファンドが証券について受領し
       た支払額の差額を損失として認識する。
       証券貸付

        ファンドは、金融機関（典型的にはブローカー、ディーラーおよび銀行）に対して、ファンドの収益
       を生み出すために証券を貸し付けることができる。貸付証券には、取引相手方リスク、信用リスク、市
       場リスク、規制リスク、オペレーショナル・リスクを含む一定のリスクが存在する。投資顧問は、とり
       わけ証券貸借に関して決定を行う際には、借主の信用度を考慮し、受託者会による監督に服するものと
       する。借り手が、支払不能またはその他の理由により、貸付証券を返還する義務を履行しなかった場
       合、ファンドに、貸付証券の回収または担保の取得に関する遅延および費用が生じる可能性がある。か
       かる遅延および費用は、一部のタイプの非米国証券やグローバルな規制制度の対象となっている特定の
       タイプの借主の場合、より大きい可能性がある。貸付証券を回収することができなかった場合、ファン
       ドは、担保を売却し、市場において代替証券を購入することができる。担保投資は、市場の上昇または
       低迷に左右される。担保の価額は、代替投資対象の購入時までに代替投資対象の価額を下回ってしまう
       可能性もある。現在、ファンドは、現金担保を、品質の高い短期金融市場商品に投資する関連マネー・
       マーケット・ファンドに投資している。
        貸付契約の条件ならびに貸付証券の方式および総額は                            1940  年法および同法に基づく             SEC  規則またはその
       解釈と両立しなくてはならない。これらの条項は、ファンドが貸し付けることのできる証券の数量を
       ファンドの総資産の          33 と１／３％に制限しており、次の点を要求している。すなわち、（１）借主は、
       常時、貸出証券の価値の             100  ％を下回らない価値を有する、現金、変更不可能な信用状、または米国政府
       の発行もしくは保証する証券からなる担保を設定しかつ維持しなくてはならないこと、（２）借主は貸
       付証券の価格が上昇した場合は（つまり、借主は毎日値洗いを行う。）、いつでも担保を追加しなくて
       はならないこと、（３）貸付はいつでもファンドによって解約されうるものでなくてはならないこと、
       および（４）ファンドが合理的な額の利息（ファンドによる現金担保の短期利付投資証券への投資を含
       む。）、貸出証券の配当およびその市場価値の上昇利益を受領するものでなくてはならない。ファンド
       によって締結された貸付契約は、その他のいかなる適用規制要件を遵守する。現在、                                            SEC  は、それが書面
       の契約によるものでありかつ投資会社の受託者によって承認されている限り、投資会社が貸出証券に関
       して交渉により定められた合理的な報酬を支払うことに異議を述べていない。さらに、貸付証券と共に
       議決権が譲渡されるものとするが、貸付証券に影響を及ぼす重大な事由が発生したことをファンドが認
                                  28/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       識しており、かつこれに関し、証券の保有者が議決権を行使するまたは同意する権限を有する場合、貸
       し手は、議決権の行使または同意までに貸付証券を回収する権限を有さなければならない。ファンドは
       証 券の回収に遅れが生じ、ファンドの議決権を行使する権限に影響が出るリスクを負担する。
        バンガードの証券貸付方針に従って、バンガードの債券ファンドおよびマネー・マーケット・ファン
       ドはその投資証券の貸付を認められておらず、貸付を行わない。
       租税に関する事項          －  デリバティブ、ヘッジおよび関連取引にかかる米国連邦税制措置

        デリバティブ商品（オプション、先物、先物契約およびスワップ契約を含むがそれらに限られな
       い。）におけるファンドの取引は、ファンドのヘッジ、空売り、証券ローンまたは同様の取引のいずれ
       と同じように、１もしくはそれ以上の特別な税制ルールに服する可能性がある。当該ルールは、ファン
       ドの収益を加速計上させ、損失を繰り延べさせ、ファンド証券の保有期間の調整を必要とさせ、長期
       キャピタルゲインを短期キャピタルゲインに転換させ、または短期キャピタルロスを長期キャピタルロ
       スに転換させる。したがって、これらのルールは、株主配当の金額、タイミングおよび性質に影響しう
       る。当該およびこれらの取引に適用されるその他の税制は、場合によっては現在の法律上、不確実な場
       合があるため、当該ルールに関して、米国内国歳入庁（                             Internal     Revenue     Service    ）による否定的な決
       定または将来的な指針（決定や指針は遡求可能である可能性がある。）がなされ、ファンドが十分な配
       当を実行したかどうか、さもなければ、適格投資法人としての要件を維持しファンドレベルでの課税を
       避けるための関連要件を充足したかどうかに影響するおそれがある。
       定期預金

        定期預金は、米国の短期金融商品の発行体に関連するものと同様のリスク、特に、信用リスクにさら
       される（また、その次に挙げられるリスクとしては、収益リスク、市場リスクや流動性リスクがあ
       る。）。さらに、米国の銀行の米国外支店および米国以外の国の銀行の米国外支店の定期預金は、一定
       のソブリンリスクにさらされることがある。かかるリスクの一つに、国家が米ドル建て資本の海外流出
       を禁止する可能性が挙げられる。その他にも、政治および経済の不利な動向、金融市場および金融機関
       に対する政府規制の程度および性質、米国以外の国の源泉徴収税の課税や、米国以外の発行体の公用収
       用および国有化のリスクがある。しかしながら、これらの発行体の定期預金は、バンガード・ファンド
       の投資先である米国の発行体と同種の信用分析を受けることになっており、少なくとも、かかるファン
       ドについて承認された米国の発行体と同等の財務力を有するものである。
       ワラント

        ワラントとは、指定期間中に指定価格で持分証券を買い取る権利（ただし、義務ではない。）を所持
       人に付与する商品である。ワラント価格の変動は必ずしも原証券の価格の変動に対応するものではな
       い。ワラントの価格は原証券の価格よりも乱高下し、またワラントは原資の損失と共に原資の値上がり
       のより大きな可能性をも提示する。ワラントは、原証券に関わる配当または議決権を所持人に付与する
       ものではなく、また発行会社の資産に対する権利を表示するものではない。ワラントは、その失効日ま
       でに行使されない場合は価値を喪失する。これらの要素は、他の種類の投資対象よりもワラントを一層
       投機的なものにすることがある。
       発行日取引、受渡し繰延取引および先物予約取引

        発行日取引、受渡し繰延取引および先物予約取引は、事前に決定された価格または利回りで特定証券
       を売買する約定を伴うもので、かかる約定では支払および受渡しは当該種類の証券の通常の決済期間の
       後に行われる。概して、証券が受け渡されるまでは買手には利息は発生しない。かかる取引のいずれか
       に基づき証券を買い付ける場合、当該証券に関わる支払は受渡し日まで必要とされない。ただし、買い
       手は、所有権を得ると共に、価格と利回りの変動リスクや証券が予定通り発行されないリスク等所有に
                                  29/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       係るリスクを負う。ファンドがかかる取引のいずれかに基づき証券を売却した場合は、ファンドは当該
       証券に関し更なる利益または損失には参加しない。受渡し繰延取引の他方当事者が証券に関わる受渡し
       ま たは支払を行わない場合、ファンドは有利な価格もしくは利回りの機会を逃すか、または損失を被る
       ことになりうる。ファンドは発行日取引または先物予約取引を再取決めし、受渡し前に原証券を売り付
       けることができるが、このことはファンドにとって原資の値上がりまたは損失となりうる。発行日取
       引、受渡し繰延取引および先約取引は、前述の「借入」の見出しの項に記載される要件に従い、かつリ
       スクを条件としてファンドが当該取引をカバーする場合は、ファンドによる借入に本来適用される                                                   300  ％
       資産補填率要件の対象とはならない。
      （３）【運用体制】

       （ｉ）投資運用体制
         バンガードは、バンガードのエクイティー・インデックス・グループ（以下「                                        EIG  」という。）を通
        し、ファンドの投資顧問会社として投資顧問業務を行っている。                                  2019  年 12 月末日現在、バンガードは
        約５兆米ドルの資産を運用している。同社はファンドの受託者および役員の監督の下で、ファンド・
        サービス契約に従ってファンドに投資顧問業務を提供している。
         ポートフォリオ・マネジャーは、下記（ⅲ）項記載のとおり、主にファンドの日々の運用について
        責任を負う。
       （ⅱ）投資運用方針の意思決定過程
         ファンドは投資目的のみならずその目的を追求するために使用する主要な投資戦略および投資方針
        を有している。投資戦略または投資方針が基本事項と指定されていない場合は、ファンドの運用を監
        督するファンドの受託者会は、受益者のために、受益者の議決なしにかかる投資戦略または投資方針
        を変更することができる。通常の状況下では、ファンドは目標インデックスによって構成された株式
        に少なくとも資産の          80 ％を投資する。ファンドは受益者への                    60 日前までの通知を行った時のみ、かか
        る 80 ％方針を変更することができる。
         ファンドは、インデックス投資手法を用い、株式市場全体の収益率を測るベンチマーク・インデッ
        クスのパフォーマンスに追随することを意図している。ファンドは通常インデックス追従のサンプリ
        ング手法を用いて、コンピューター・プログラムを使用し主要な特徴の観点から目標インデックスに
        類似した証券を目標インデックスから選択する。これらは産業、時価総額別比率、およびその他証券
        の特性の調整を含む。
         SEC  の免責規則の条項に基づき、ファンドの受託者会は、受益者による事前の同意がなくとも、第三
        者投資顧問との顧問契約の諸条項の変更あるいは新たな第三者投資顧問の採用－現在の顧問の後任と
        してあるいは追加の顧問として－を行うことができる。ファンドの顧問の枠組みにおける重要な変更
        は書面により受益者に通知される。ファンドのスポンサーおよび全般的な管理者として、バンガード
        は、常に、追加的な投資顧問サービスをファンドに対して提供することができる。バンガードはま
        た、受託者会に対し、顧問の雇用、退職または交替の際には、現行の顧問契約の条項を修正すること
        を奨励する。ファンドは、バンガードの完全所有子会社である投資顧問に関し、類似する                                              SEC  免除を求
        める申請を行った。免除が認可されれば、ファンドは新たな                               SEC  救済措置に依拠することができる。
       （ⅲ）任務と権限
         前述のとおり、バンガードは               EIG  を通し、ファンドの投資顧問会社として投資顧問業務を行ってお
        り、以下のポートフォリオ・マネジャーが主にファンドの日々の運用について責任を負う。
         ウォルター      ネジュマン（       Walter    Nejman   ）、バンガードのポートフォリオ・マネジャー。                          2016  年よ
        り、ファンドを共用運用している。
         ジェラルド      C. オライリー（       Gerard    C.  O'Reilly     ）、バンガード社プリンシパル。                 1994  年以来、ファ
        ンドの運用を行っている（              2016  年以来、共同運用）。
                                  30/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
         上述のとおり、ファンドの受託者および役員がファンドの運用を監督することを前提として、バン
        ガードは投資顧問業務を行っている。
      （４）【分配方針】

        ファンドは、受益者に対して、全ての純所得（利息、配当から費用を控除した額）を、保有する資産
       の売却によって実現した短期または長期のネット・キャピタル・ゲイン同様分配する。所得の分配は通
       常年に４回、３月、６月、９月および                    12 月に行われる。キャピタル・ゲインの分配があれば、通常年に
       １回、   12 月に行われる。さらに、ファンドは、随時、追加配当を年度の一定時点で行うことがある。
        日本の投資者は所得またはキャピタル・ゲインの分配を現金で受領する。
        上記は、将来の分配金の支払およびその金額について保証するものではない。
      （５）【投資制限】

        ファンドは、以下の基本的投資制限に従わなくてはならない。基本的投資制限はファンドの株式の過
       半数にあたる受益者の承諾がなければ、いかなる方法によっても変更することはできない。かかる目的
       上、「過半数」の株式とは、（                ⅰ ）ファンドの純資産の            50 ％以上に相当する受益証券を有する受益者ま
       たは委任状を有する代理人が出席した上でのファンドの純資産の                                  67 ％以上の賛成投票を表象する株式、
       または（     ⅱ ）ファンドの純資産の           50 ％以上を表象する株式のいずれか少ない方をいう。
       （１）借入れ
         ファンドは、       1940  年法またはその他の準拠法、その規則、もしくは                         SEC  またはファンドに対する権限
        を有するその他の規制当局が認める範囲内でのみ、借り入れを行うことができる。
       （２）商品
         ファンドは、       1940  年法またはその他の準拠法、その規則、もしくは                         SEC  またはファンドに対する権限
        を有するその他の規制当局が認める範囲内でのみ、商品に投資することができる。
       （３）分散
         総資産の     75 ％について、ファンドは（１）単一発行体の発行済議決権付証券の                                   10 ％以上を購入し、
        または（２）その結果、ファンドの総資産の５％以上が当該証券の発行体に投資されることとなるよ
        うな場合に証券を購入することはできない。本制限は米国政府またはその機関、または下部機構の債
        務には適用されない。
       （４）産業への集中投資
         ファンドは、インデックスの構成を目標インデックスに近似させるために必要な場合を除き、同じ
        部門または同じ産業グループで主要な事業活動を行う発行者の証券に集中して投資をしてはならな
        い。
       （５）投資目的
         ファンドの投資目的は株主決議なく変更できない。
       （６）貸付
         ファンドは、       1940  年法またはその他の準拠法、その規則、もしくは                         SEC  またはファンドに対する権限
        を有するその他の規制当局が認める範囲内でのみ、他者への貸付を行うことができる。
       （７）不動産
         ファンドは、証券またはその他の証書を保有した結果として取得した場合を除き、不動産に直接投
        資をしてはならない。本制限は、ファンドが（１）不動産の投資、取引を行うか、または不動産取引
        に従事する企業により発行されるか、もしくは（２）不動産またはその利益により担保または保証さ
        れる証券またはその他の証書への投資を妨げるものではない。
       （８）優先返済証券
         ファンドは、       1940  年法またはその他の準拠法、その規則、もしくは                         SEC  またはファンドに対する権限
        を有するその他の規制当局が認めた場合を除き、優先返済証券へ投資をしてはならない。
                                  31/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       （９）引受
         ファンドが      1933  年法に規定される証券の販売に関する引受会社とみなされる場合を除き、ファンド
        は他の発行者の証券の引受会社としての業務を行うことはできない。
        前述の基本方針の準拠性は、通常証券が購入された時点に評価される。借入れについて                                             1940  年法に別

       段の規定がある場合を除き、割合についての規則は投資の時点で遵守されていれば、後に資産の市場価
       値の変化の結果割合が変動してもかかる規則違反にはならない。全ての基本方針は、該当する規制基準
       に準拠していなければならない。
        これらの方針により、ファンドがバンガードの所有者利益を得ることを妨げられることはない。ファ
       ンドはバンガードの共同所有者として、バンガードの発行する証券を所有し、バンガードに対して貸付
       を行い、バンガードの経費またはその他の金融上の必要資金を分担することができる。
       ファンドのインベスター受益証券の日本における販売

        日本におけるファンドのインベスター受益証券の募集に関しファンドは、日本証券業協会に従い、以
                             （注）
       下の事項を行わないことを保証している。
       （１）ファンドの純資産の              10 ％を超える借入れ。ただし一時的または緊急の目的のための借入れを除
          く。
       （２）バンガードが運営する他のミューチュアル・ファンドとともに、あらゆる発行会社の発行済株式
          総数の   50 ％以上の購入。
       （３）ファンドの純資産の              15 ％以上を非流動証券（受託者会によって設定された手続きに従って市場性
          があると決定された場合を除き、転売が制限された証券を含む。）に投資すること。
       （４）あらゆる場合におけるファンドの純資産価額を超えた証券の空売り。
        かかる投資制限に違反する場合、ファンドは、その判明後速やかに、その違反を終了させるために必

       要な行動を行う。これはファンドの唯一の義務であり、かつかかる違反に関しての唯一の改善手段であ
       る。かかる投資制限は、（１）ファンド証券の日本国内における募集または販売が適する限り、また
       （２）日本証券業協会の外国証券の取引に関する規則において設定されている「外国投資信託受益証券
       の選別基準」によって必要とされる限り、効力を有する。
       （注）インベスター受益証券の募集は                2017  年 11 月 30 日に終了した。インベスター受益証券は                 2019  年５月   24 日をもって、アドミラル
          受益証券に強制転換された。
                                  32/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ３【投資リスク】

       （１）主要なリスク
         ファンドへの投資により、短期間にまたは長期間において資金を失う可能性がある。投資者は、
        ファンドの受益証券の価格および総収益が広い幅で振幅することを予期しなければならない。ファン
        ドは、ファンドのパフォーマンスに影響を及ぼしうる以下のようなリスクにさらされている。
         －ファンドは株式市場リスクに服する。株式市場リスクとは、株価が下落する可能性をいう。株式
        市場は、価格上昇期と下降期とが周期的に変動する傾向がある。さらに、ファンドの目標インデック
        スは時に特定の市場セクターの株式に焦点を合わせることがあり、ファンドは、そのセクターにおい
        て、その割合に比例したより高いリスクに服する。
         －ファンドは、サンプリング手法のリスクに服する。サンプリング手法のリスクは、ファンドのた
        めに選別された証券が全体としてファンドの目標インデックスと合致するパフォーマンスを残さない
        こともあるというリスクである。ファンドにおけるサンプリング手法のリスクは低いと思われる。
         リスクに関する詳細な情報については、前記「２　投資方針－（２）投資対象」を参照のこと。
       サイバーセキュリティ・リスク

        事業遂行におけるテクノロジーの利用が増えたことに伴い、ファンドおよびその第三者サービス・プ
       ロバイダー（投資顧問および保管会社を含むが、これらに限られない。）はサイバーセキュリティに関
       するリスクにさらされる。一般に、サイバーセキュリティに関する事件は、デジタル・システムへの違
       法アクセスを得ることを企図した意図的な攻撃の結果発生する。攻撃が成功した場合、権限のない者が
       資産または機密の情報を悪用し、データを破壊し、または営業妨害を引き起こす場合がある。サイバー
       セキュリティに関する事件は、意図せず発生することもある。例えば、権限を有している者が、占有の
       または機密の情報を不注意で漏えいしてしまう場合である。バンガードは、潜在的なサイバーセキュリ
       ティに関する事件を防止するためまたはその影響を軽減するために強固な技術上の安全策および事業継
       続計画を発展させてきた。さらに、バンガードは、ファンドの第三者のサービス・プロバイダーが実施
       する情報セキュリティおよび／またはサイバーセキュリティ・プログラムを評価するプロセスを有して
       おり、これは、潜在的な事件のリスクを最小化するのに役立つ。これらの措置にかかわらず、サイバー
       セキュリティに関する事件は依然として事業運営を妨害する可能性があり、これによりファンドおよ
       び／またはその受益者に悪影響が及ぶおそれがある。サイバーセキュリティに関する事件の結果発生す
       るおそれがある悪影響は例えば、ファンドがその純資産価格（                                NAV  ）の計算ができなくなること、ファン
       ドの受益者が取引を行うことができなくなること、ファンドが、受益者のために取引の処理を行うこと
       ができなくなることまたはファンドが自らのデータまたは受益者の個人情報を安全に保護することがで
       きなくなることを含むが、これらに限られない。
       市場混乱

        パンデミック、自然災害または環境災害、戦争、テロ行為その他事由によって引き起こされる重大な
       市場混乱は、地域市場および世界市場ならびに通常の市場活動に悪影響を及ぼす可能性がある。市場混
       乱により、上記の、およびファンドの目論見書における政治リスク、社会的リスクおよび経済的リスク
       が増大することがある。さらに、市場混乱に起因して、市場ボラティリティの増大、規制上の取引停
       止、国内もしくは外国の取引所、市場もしくは政府の閉鎖が生じるか、または、市場参加者が事業継続
       計画に従った運営を無期限に行うことがある。市場混乱により、経済および市場が非常に混乱する可能
       性があり、また、個別の会社、セクター、産業、市場、通貨、金利およびインフレ率、信用格付け、投
       資者心理ならびにファンドの投資対象の価値およびファンドの運営に影響を及ぼすその他の要因に著し
       い影響が及ぶ。市場混乱により、ファンドの業務に不可欠な事業が終了することとなる可能性もあり、
                                  33/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       その他ファンド・サービス・プロバイダーの従業員の、ファンドに代わって重要な職務を遂行する能力
       が妨害される可能性がある。
       サービス・プロバイダー、データ・プロバイダーおよびその他テクノロジーへの依存

        バンガード・ファンドは、いくつかの重要な役割を遂行するために、サービス・プロバイダーの実績
       に依存しているが、それにはファンドの運営に不可欠な役割が含まれている可能性がある。いかなる
       サービス・プロバイダーもファンドに対する義務を履行できない場合、ファンドの業務が中断し、ファ
       ンドのパフォーマンスに悪影響を及ぼす可能性がある。ファンドのサービス・プロバイダーが特定のテ
       クノロジーや情報ベンダー（例えば、取引システム、投資分析ツール、ベンチマーク分析、税務・会計
       ツール）に依存することも、ファンドとその投資者に悪影響を与える可能性がある。例えば、ファンド
       の投資顧問は、モデルおよび／またはデータを用いて、ファンドの潜在的な投資対象をスクリーニング
       することができる。モデルやデータが間違っていたり、不完全であったりすると判明した場合、このよ
       うなモデルやデータに依拠して行われた判断は、ファンドを潜在的なリスクに晒すことになる。
       先物契約の合衆国連邦租税上の取扱い

        ファンドは、米国連邦所得税の目的で、一定の先物契約における未実現純損益は、当該年度に実現し
       た損益と同様、各課税年度において通常認識するべきである。これらの場合、先物契約に関して認識さ
       れた損益は契約の保有期間に関わりなく、長期資本損益の                               60 ％および短期資本損益の             40 ％とみなされ
       る。その他の先物取引（主に非米国先物取引）における損益は、契約が終了するまでは認識されず、契
       約の保有期間に応じて長期または短期として取り扱われる。ファンドが保有する証券の価格変動をヘッ
       ジすることを意図した先物の売却はかかる証券の保有期間に影響する可能性があり、その結果、処分時
       におけるかかる証券の損益の性質にも影響しうる。ファンドが保有する、損失を相殺する関連ポジショ
       ンの未認識収益の範囲において、先物取引のようなあるポジションにおける損失の認識の変更を要求さ
       れる可能性がある。
        ファンドは、米国連邦所得税の目的で、認識された先物取引におけるキャピタル・ゲイン純額を毎年
       株主に分配する。かかる分配はファンドの他の投資対象の実現キャピタル・ゲインの分配と一括して行
       われ、受益者には分配の性格が知らされる。
       非米国人との通貨取引の合衆国連邦租税上の取扱い

        ファンドの米ドル以外の通貨取引、米ドル以外の通貨建債務および一定の米ドル以外の通貨オプショ
       ン取引、先物契約、先渡契約ならびに同様の金融商品に関する合衆国連邦所得税法上の取扱いは、通
       常、特別のルールが規律している。それに応じて、ファンドがこの種の取引を行う場合、利益または損
       失が米国以外の通貨の価値変動の結果である範囲において経常利益または損失を生じることがある。か
       かる経常利益は、ファンドの受益者への分配を早め、受益者への課税所得分配が増えることがある。ま
       た同様に生じたいかなる経常損失も、一般に、経常所得分配を減少させ、時に、過去の経常所得分配の
       再評価を必要とする場合がある。ファンドが純経常損失を繰越し、翌課税年度以降の実現利益と相殺す
       ることはできない。
        ファンドによって行われるこれらの特別通貨ルールに服しない取引（例えば、一定の優先株式を除く
       外国エクイティ投資証券など）の米国外通貨に関する部分に帰せられる損益は通常、キャピタル・ゲイ
       ンまたはロスとして取り扱われ、基礎となる取引の損益からは区別される。
        ファンドが米国以外の通貨についてヘッジ取引を行う範囲において、ファンドは、ファンドの損益の
       特徴、タイミングまたは額に影響を与えるその他の規則の適用を選択するかまたは求められることがあ
       る。
       非米国投資者の合衆国連邦租税上の考察

                                  34/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        米国の源泉徴収および遺産税は、バンガード・ファンドの非米国投資者による投資に適用される。
       （２）リスクに対する管理体制

         ファンドの投資運用会社であるバンガードは定期的にファンドの投資および取引の状況を検査し、
        ファンドが要求されている規則に服しているかどうかの決定を下す。
         ファンドは、本書に記載のとおり、ヘッジ目的および／またはヘッジ目的以外の目的でデリバティ
        ブを利用している。ファンドは、デリバティブについて、ファンドに適用される                                         UCITS   にかかる     EU 指令
        の準拠に基づくリスク管理方法を採用している。
                                  35/564

















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ４【手数料等及び税金】

      （１）【申込手数料】
       （１）海外における申込手数料
         米国における申込手数料は、課されない。
       （２）日本国内における申込手数料
         該当事項なし。
      （２）【買戻し手数料】

       （１）海外における買戻し手数料
         米国における買戻し手数料は、課されない。
       （２）日本国内における買戻し手数料
         日本における買戻し手数料は、課されない。
      （３）【管理報酬等】

        受託者報酬
         バンガード・ファンドすべてについて下記の受託者報酬表に記載された個人が受託者として行為
        し、各ファンドは受託者報酬を比例的に分担して支払う。ファンドは役員も分担して雇用する。ただ
        し、役員の報酬はファンドではなくザ・バンガード・グループ・インクによって支払われる。
         独立受託者
         ファンドは独立受託者（ファンドの役員ではない役員）の報酬を下記３項目に従って支払う。
        ＊　独立受託者は、ファンドへのサービスについて年次報酬を受領する。これは予定された受託者会
          に欠席した場合減額される。
        ＊　独立受託者は、受託者会への出席のための旅費その他の費用の払戻しを受けることができる。
        ＊　退任時、（        65 歳に達し、かつ５年間業務を遂行した後に）に、                          2001  年１月１日以前に業務を開始
          していた独立受託者は別口座に退職給付金を受領する。                             2001  年１月１日現在、各有資格受託者の
          別口座の初期残高は、従前の退職計画に従い各有資格受託者が取得した給付の現在額合計に等し
          いものであった。受託者が最後の配当を受けるまで、各有資格受託者の別口座に毎年                                            7.5  ％の利子
          が振り込まれる。         2001  年１月１日またはそれ以後に業務を開始した独立受託者は、かかる計画に
          参加する資格を有しない。
         「関係」受託者
         バックリー氏が受託者となっているが、かかる受託者としては報酬を受領せず、バンガードの役員
        として報酬を受領する。
         報酬表
         下記の表は各受託者の報酬明細を記載したものである。各受託者についてトラストによる報酬およ
        び退職給付金として支払われる額を記載した。また、表は、各受託者が退職時にバンガード・ファン
        ドの全てから受領すると想定される給付の全額および各受託者がバンガード・ファンドの全てから支
        払いを受ける報酬の全額を示している。
                                  36/564





                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                   バンガード・インデックス・ファンズ受託者報酬表

                                                受託者に支払われ
                          ファンドの費用の一           2020  年１月１日に
                 ファンドからの                               るバンガード・
                          部として生じる年金           生じた年次退職給
     受託者の氏名
                 報酬総額（１）                               ファンド全ての報
                          退職給付（１）           付金（２）
                                                酬総額（３）
     モーティマー・Ｊ．
                    なし          なし           なし          なし
     バックリー
     エマソン・Ｕ．フル
                 93,206   米ドル         なし           なし        287,500    米ドル
     ウッド
     エイミー・グートマ
                 93,206   米ドル         なし           なし        287,500    米ドル
     ン
     ジョアン・ヘファー
     ナン・ヘイセン               なし        1,881   米ドル        9,329   米ドル         なし
     （４）
     Ｆ．ジョセフ・ロー
                 99,690   米ドル         なし           なし        307,500    米ドル
     リー
     マーク・ラフリッジ            115,901    米ドル         なし           なし        357,500    米ドル
     スコット・Ｃ．マル
                 93,206   米ドル         なし           なし        287,500    米ドル
     パス
     ディアナ・マリガン            93,206   米ドル         なし           なし        287,500    米ドル
     アンドレ・Ｆ．ペロ
                 93,206   米ドル         なし           なし        287,500    米ドル
     ルド
     サラ・ブルーム・ラ
                 99,690   米ドル         なし           なし        307,500    米ドル
     スキン
     ピーター・Ｆ．ヴォ
                 99,690   米ドル         なし           なし        307,500    米ドル
     ラナキス
       （１）本表に示される金額は、                2019  年 12 月 31 日に終了したトラストの会計年度に基づくものである。ト
          ラスト傘下の各ファンドは株式数に応じた責任がある。
       （２）各受託者は、バンガード・ファンドの受託者として少なくとも５年間（連続した                                             60 か月）の業務
          を終えて初めて退職給付金を受領する資格を得る。年次退職給付金は、月毎に分割で支払われ、
          受託者退職の翌月から始まり               10 年間の支払（       120  か月の支払）の後終了する。               2001  年１月１日以降
          に業務を開始した受託者は退職給付計画に参加する資格がない。
       （３）本表に記載される金額は、                 2019  年暦年について        213  のバンガード・ファンドの受託者としての業務
          に対して各受託者に支払われる報酬総額を反映する。
       （４）ヘイセン氏は、           2018  年 12 月 31 日付で退任した。
        管理費用

         2019  年 12 月 31 日現在、ファンドのアドミラル受益証券に対する経費率（ファンドの合計年間運営費
        用の平均純資産額における割合）は、平均純資産額の                            0.04  ％であった。
        （注１）経費率は管理費用（投資顧問費用、会社運営、運用、マーケティングおよび分配業務に関する費用）ならびに投資先
            ファンドの費用・報酬（ファンドが他の投資先ファンドの受益証券の取得を通じて間接的に負担する費用）を含む。
        （注２）投資先ファンドの費用・報酬は米国の法令の下で開示が要求されており、これによって経費率は増加するが、ファンド
            の投資者が直接負担するものではなく、ファンドの純資産価額の算出の際にも考慮されない。
         バンガードは、修正・再録済ファンド・サービス契約に基づき設立され、運営される。修正・再録
        済ファンド・サービス契約は、各バンガード・ファンドはその純資産価額の最大                                          0.40  ％をバンガード
        に投資するよう要請されうることを定めている。各バンガード・ファンドが出資した金額は、各バン
        ガード・ファンドの相対的純資産価額と当該ファンドのバンガードへの出資の割合的関係を保つため
        に随時調整される。           2019  年 12 月 31 日現在、ファンドは純資産価額の                  0.01  ％未満を表象する額をバン
        ガードに対して出資している。
                                  37/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
         ファンドは、       200  を超えるファンドを有するザ・バンガード・グループ・インクのメンバーである。
        ザ・バンガード・グループのすべてのファンド（ファンズ・オブ・ファンズを除く。）は、人事、オ
        フィ  ススペースおよび設備等の管理業務ならびに営業活動に関連する費用を分担して負担する。バン
        ガード・マーケティング・コーポレーション（以下「                            VMC  」という。）は、ファンドにマーケティング
        業務を提供する。各ファンド（ファンド・オブ・ファンズを除く。）またはファンドの各受益証券ク
        ラス（複数の受益証券クラスを有するファンドの場合）は、バンガード・ファンドのマーケティング
        費用の割当分を支払う。             2019  年 12 月 31 日終了年度において、ファンドにより生じたバンガードの費用
        および   VMC  の費用は、ファンドの平均月次純資産価額における割合として示すと、運営業務、管理業務
        および名義書換業務については                0.04  ％、マーケティング業務および販売業務については                           0.01  ％未満で
        あった。
         ファンドは、バンガードからの全ての投資顧問サービスをそのエクイティー・インデックス・グ
        ループを通して受け取る。これらのサービスはバンガードが直接雇用する熟練したアドバイザリー・
        スタッフにより提供される。アドバイザリー・スタッフの報酬およびその他の費用はこれらのサービ
        スを利用する複数のファンド間で配分される。                          2019  年 12 月 31 日終了年度において、ファンドは約
        25,447,000      米ドルの投資顧問費用を負担した。
      （４）【その他の手数料等】

       口座管理手数料
        日本においては、各受益者の平均保有残高に年率                         0.648   ％（税抜     0.60  ％）の比率を乗じた口座管理手数
       料が四半期毎に課され後払いされる。各四半期最終日前に一部または全額償還された受益者について
       は、口座管理手数料は当該受益者の保有期間に比例して課され、各償還時に徴収される。四半期毎の徴
       収は、当該四半期中の部分償還について課された口座管理手数料を差し引いて行われる。
        口座管理手数料は、以下の方法で計算され、各受益者から徴収されるものとする。
       １．各暦四半期の最終日に、ファンドにおける受益者の日々の平均口座残高を計算する。この計算は日
         本円で行う。
       ２．かように計算された日々の平均口座残高を基礎として、年間手数料                                     64.8  ベーシス・ポイントのうち
         ４分の１の手数料を計算する（各四半期最終日前に一部または全額償還された受益者については、
         口座管理手数料は当該受益者の保有期間に比例して課され、各償還時に徴収されることに注意され
         たい。四半期毎の徴収は、当該四半期中の部分償還について課された口座管理手数料を差し引いて
         行われる。）。
       ３．販売会社の口座管理手数料の徴収方法については、代行協会員または販売会社にご確認願いたい。
                                  38/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （５）【課税上の取扱い】

         本書の日付現在、日本の受益者に対する課税については、以下のような取扱いとなる。
       Ⅰ　ファンドが税法上公募外国公社債投資信託である場合
        （１）受益証券は、特定口座を取り扱う金融商品取引業者の特定口座において取り扱うことができ
            る。
        （２）国内における支払の取扱者を通じて支払いを受ける場合、ファンドの分配金は、公募国内公社
            債投資信託の普通分配金と同じ取扱いとなる。
        （３）国内における支払の取扱者を通じて支払いを受ける場合、日本の個人受益者が支払いを受ける
            ファンドの分配金については、                20.315   ％（所得税      15.315   ％、住民税５％）（          2038  年１月１日以
            後は  20 ％（所得税      15 ％、住民税５％））の税率による源泉徴収が日本国内で行われる。
            日本の個人受益者は、申告分離課税が適用されるため原則として確定申告をすることになる
            が、確定申告不要を選択することにより、源泉徴収された税額のみで課税関係を終了させるこ
            ともできる。
            確定申告不要を選択しない場合、一定の上場株式等（租税特別措置法に定める上場株式等をい
            う。以下同じ。）の譲渡損失（繰越損失を含む。）との損益通算が可能である。
        （４）日本の法人受益者が支払いを受けるファンドの分配金（表示通貨ベースの償還金額と元本相当
            額との差益を含む。）については、国内における支払の取扱者を通じて支払いを受ける場合、
            所得税のみ      15.315   ％の税率による源泉徴収が日本国内で行われ（一定の公共法人等（所得税法
            別表第一に掲げる内国法人をいう。以下同じ。）または金融機関等を除く。）、一定の場合、
            支払調書が税務署長に提出される（                  2038  年１月１日以後は         15 ％の税率となる。）。
        （５）日本の個人受益者が、受益証券を買戻請求等により譲渡した場合（他のクラスの受益証券に転
            換した場合を含む。）は、上場株式等に係る譲渡益課税の対象とされ、受益証券の譲渡損益
            （譲渡価額から取得価額等を控除した金額（邦貨換算額）をいう。以下同じ。）に対して、源
            泉徴収選択口座において、              20.315   ％（所得税      15.315   ％、住民税５％）（          2038  年１月１日以後は
            20 ％（所得税      15 ％、住民税５％））の税率による源泉徴収が日本国内で行われる。受益証券の
            譲渡損益は申告分離課税の対象となり、税率は源泉徴収税率と同一だが、確定申告不要を選択
            した場合は源泉徴収された税額のみで課税関係は終了する。
            譲渡損益は、一定の他の上場株式等の譲渡損益および一定の上場株式等の配当所得等との損益
            通算が可能である。確定申告を行う場合、一定の譲渡損失の翌年以降３年間の繰越も可能であ
            る。
        （６）日本の個人受益者の場合、ファンドの償還についても譲渡があったものとみなされ、（５）と
            同様の取扱いとなる。
        （７）日本の個人受益者についての分配金ならびに譲渡および買戻しの対価については、一定の場
            合、支払調書が税務署長に提出される。
        （注）日本の受益者は、個人であるか法人であるかにかかわらず、アメリカ合衆国デラウェア州に住所または登記上の営業所も
           しくは恒久的施設を有しない場合、受益証券への投資に対しアメリカ合衆国税務当局により課税されることは一切ない。
       Ⅱ　ファンドが税法上公募外国株式投資信託である場合

        （１）受益証券は、特定口座を取り扱う金融商品取引業者の特定口座において取り扱うことができ
            る。
        （２）国内における支払の取扱者を通じて支払いを受ける場合、ファンドの分配金は、公募国内株式
            投資信託の普通分配金と同じ取扱いとなる。
        （３）国内における支払の取扱者を通じて支払いを受ける場合、日本の個人受益者が支払いを受ける
            ファンドの分配金については、                20.315   ％（所得税      15.315   ％、住民税５％）（          2038  年１月１日以
            後は  20 ％（所得税      15 ％、住民税５％））の税率による源泉徴収が行われる。
                                  39/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
            日本の個人受益者は、総合課税または申告分離課税のいずれかを選択して確定申告をすること
            もできるが、確定申告不要を選択することにより、源泉徴収された税額のみで課税関係を終了
            さ せることもできる。
            申告分離課税を選択した場合、一定の上場株式等の譲渡損失（繰越損失を含む。）との損益通
            算が可能である。
        （４）日本の法人受益者が支払いを受けるファンドの分配金（表示通貨ベースの償還金額と元本相当
            額との差益を含む。）については、国内における支払の取扱者を通じて支払いを受ける場合、
            所得税のみ      15.315   ％の税率による源泉徴収が日本国内で行われ（一定の公共法人等を除
            く。）、一定の場合、支払調書が税務署長に提出される（                              2038  年１月１日以後は         15 ％の税率と
            なる。）。
        （５）配当等純投資収益および短期純実現売買益の分配金には、原則として現行                                          10 ％のアメリカ合衆
            国連邦所得税が源泉徴収され、控除後の金額が日本国内において支払われる。長期純実現売買
            益の分配金については、アメリカ合衆国連邦所得税は源泉徴収されず、その全額が日本国内に
            おいて支払われる。連邦所得税源泉徴収額については、外国税額控除の適用が可能である。
        （６）日本の個人受益者が、受益証券を買戻請求等により譲渡した場合（他のクラスの受益証券に転
            換した場合を含む。）は、上場株式等に係る譲渡益課税の対象とされ、受益証券の譲渡損益に
            対して、源泉徴収選択口座において、                    20.315   ％（所得税      15.315   ％、住民税５％）（          2038  年１月
            １日以後は      20 ％（所得税      15 ％、住民税５％））の税率による源泉徴収が行われる。受益証券の
            譲渡損益は申告分離課税の対象となり、税率は源泉徴収税率と同一であるが、確定申告不要を
            選択した場合は源泉徴収された税額のみで課税関係は終了する。
            譲渡損益は、一定の他の上場株式等の譲渡損益および一定の上場株式等の配当所得等との損益
            通算が可能である。確定申告を行う場合、一定の譲渡損失の翌年以降３年間の繰越も可能であ
            る。
        （７）日本の個人受益者の場合、ファンドの償還についても譲渡があったものとみなされ、（６）と
            同様の取扱いとなる。
        （８）日本の個人受益者についての分配金ならびに譲渡および買戻しの対価については、一定の場
            合、支払調書が税務署長に提出される。
        （注）日本の受益者は、個人であるか法人であるかにかかわらず、アメリカ合衆国デラウェア州に住所または登記上の営業所も
           しくは恒久的施設を有しない場合、受益証券への投資に対しアメリカ合衆国デラウェア州税務当局により課税されること
           は一切ない。
       Ⅲ　本書の日付現在では、ファンドは、税法上、公募外国株式投資信託として取り扱われる。ただし、
        将来における税務当局の判断によりこれと異なる取扱いがなされる可能性もある。
       Ⅳ　税制等の変更により上記ⅠないしⅢに記載されている取扱いは変更されることがある。税金の取扱
        いの詳細については、税務専門家等に確認することを推奨する。
                                  40/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ５【運用状況】

      （１）【投資状況】
     資産別および地域別の投資状況
     （全受益証券クラス）                                        （ 2020  年４月末日現在）
                                                    （注２）
                                    時価合計
                                               投資比率
          資産の種類               国名
                                    （米ドル）
                                                  （％）
          普通株式              米国           819,098,097,207                 99.60
                 小計                   819,098,097,207                 99.60
          現金・預金およびその他の資産
                                     3,295,848,874                0.40
              （負債控除後）
                 合計                   822,393,946,082                100.00
              （純資産総額）                   （約  87,889,241      百万円）
       （注１）    2020  年４月末日現在、アドミラル受益証券の純資産総額は                      222,241,935,241.15        米ドルである。
       （注２）投資比率とは、ファンドの純資産総額に対する当該資産の時価の比率をいう。以下同じ。
                                  41/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （２）【投資資産】

       ① 【投資有価証券の主要銘柄】（上位                  30 銘柄）
     （アドミラル受益証券）                                        （ 2020  年４月末日現在）
                                                       投資
                                    取得金額（米ドル）           時価（米ドル）
     順位       銘柄       国名     業種      株数                        比率
                                   単価     金額     単価     金額
                                                       （％）
        MICROSOFT   CORP
     １ .             米国   情報技術        221,129,137     55.51    12,275,789,177      179.21    39,628,552,642       4.82
        APPLE  INC
     ２ .             米国   情報技術        115,913,617     84.31    9,772,310,859      293.80    34,055,420,675       4.14
        AMAZON.COM    INC
     ３ .             米国   一般消費財・サービス        12,215,553     678.71     8,290,820,060     2,474.00     30,221,278,122       3.67
        FACEBOOK   INC-A
     ４ .             米国   情報技術        69,755,525     94.74    6,608,923,384      204.71    14,279,653,523       1.74
        ALPHABET   INC-A
     ５ .             米国   情報技術        8,745,152    631.38     5,521,524,846     1,346.70     11,777,096,198       1.43
     ６ .  JOHNSON&JOHNSON           米国   ヘルスケア        76,295,613     92.93    7,089,847,344      150.04    11,447,393,775       1.39
        ALPHABET   INC-C
     ７ .             米国   情報技術        8,405,965    606.15     5,095,244,869     1,348.66     11,336,788,757       1.38
        BERKSHIRE   HATH-B
     ８ .             米国   金融        54,938,239     138.96     7,633,958,857      187.36    10,293,228,459       1.25
        VISA  INC-CLASS   A
     ９ .             米国   情報技術        49,655,332     55.88    2,774,511,992      178.72    8,874,400,935      1.08
        PROCTER   & GAMBLE
     10.              米国   生活必需品        72,308,990     76.22    5,511,479,755      117.87    8,523,060,651      1.04
     11.  UNITEDHEALTH    GRP       米国   ヘルスケア        27,463,256     110.28     3,028,649,945      292.47    8,032,178,482      0.98
     12.  JPMORGAN   CHASE        米国   金融        80,813,124     53.91    4,357,031,096      95.76    7,738,664,754      0.94
        INTEL  CORP
     13.              米国   情報技術        126,091,459     30.75    3,876,927,966      59.98    7,562,965,711      0.92
     14.  MASTERCARD    INC-A        米国   情報技術        26,024,378     76.15    1,981,798,391      274.97    7,155,923,219      0.87
        HOME  DEPOT  INC
     15.              米国   一般消費財・サービス        31,620,946     82.34    2,603,803,221      219.83    6,951,232,559      0.85
        VERIZON   COMMUNIC
     16.              米国   情報技術        119,891,413     46.50    5,575,471,119      57.45    6,887,761,677      0.84
        AT&T  INC
     17.              米国   情報技術        211,735,096     32.51    6,882,896,770      30.47    6,451,568,375      0.78
     18.  PFIZER  INC         米国   ヘルスケア        160,441,389     28.66    4,597,496,946      38.36    6,154,531,682      0.75
        MERCK  & CO
     19.              米国   ヘルスケア        73,808,798     52.33    3,862,487,764      79.34    5,855,990,033      0.71
        EXXON  MOBIL  CORP
     20.              米国   エネルギー        122,671,878     75.50    9,262,072,571      46.47    5,700,562,171      0.69
        WALT  DISNEY  CO
     21.              米国   情報技術        52,253,334     74.86    3,911,898,714      108.15    5,651,198,072      0.69
        BANK  OF AMERICA
     22.              米国   金融        233,050,471     18.27    4,257,877,483      24.05    5,604,863,828      0.68
        PEPSICO   INC
     23.              米国   生活必需品        40,418,251     85.55    3,457,641,268      132.29    5,346,930,425      0.65
        NETFLIX   INC
     24.              米国   情報技術        12,703,634     123.42     1,567,895,624      419.85    5,333,620,735      0.65
        CISCO  SYSTEMS
     25.              米国   情報技術        122,966,716     26.32    3,235,998,531      42.38    5,211,329,424      0.63
        COCA-COLA   CO/THE
     26.              米国   生活必需品        111,784,031     37.79    4,223,886,276      45.89    5,129,769,183      0.62
        CHEVRON   CORP
     27.              米国   エネルギー        54,813,130     96.07    5,265,651,530      92.00    5,042,807,960      0.61
        WALMART   INC
     28.              米国   生活必需品        41,231,823     66.28    2,732,983,104      121.55    5,011,728,086      0.61
        ADOBE  INC
     29.              米国   情報技術        14,031,257     97.84    1,372,857,722      353.64    4,962,013,725      0.60
        COMCAST   CORP-A
     30.              米国   情報技術        131,609,472     22.55    2,967,680,641      37.63    4,952,464,431      0.60
       ② 【投資不動産物件】

         該当なし（      2020  年４月末日現在）。
       ③ 【その他投資資産の主要なもの】

         該当なし（      2020  年４月末日現在）。
                                  42/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （３）【運用実績】

       ① 【純資産の推移】
         下記会計年度末および            2019  年５月から      2020  年４月までの期間における各月末の純資産の推移は次の
        とおりである。
     （アドミラル受益証券）

                            純資産総額               １口当りの純資産価格
                        百万米ドル          百万円         米ドル          円
         第 26 会計年度末
                        190,099        20,315,880           66.72          7,130
        （ 2017  年 12 月 31 日）
         第 27 会計年度末
                        185,102        19,781,851           62.09          6,636
        （ 2018  年 12 月 31 日）
         第 28 会計年度末
                        252,536        26,988,522           79.69          8,516
        （ 2019  年 12 月 31 日）
            2019  年５月          210,681        22,515,479           68.52          7,323
               ６月         224,946        24,039,979           73.04          7,806
               ７月         236,322        25,255,732           74.09          7,918
               ８月         230,862        24,672,222           72.60          7,759
               ９月         233,722        24,977,870           73.50          7,855
               10 月        237,924        25,426,938           75.05          8,021
               11 月        246,289        26,320,905           77.89          8,324
               12 月        252,536        26,988,522           79.69          8,516
            2020  年１月          251,491        26,876,843           79.63          8,510
               ２月         229,930        24,572,619           73.13          7,815
               ３月         197,037        21,057,344           62.75          6,706
               ４月         222,242        23,751,003           71.07          7,595
                                  43/564









                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       ② 【分配の推移】

         下記会計年度における１口当り分配金の額および                          2019  年５月から      2020  年４月までの期間における各
        月の１口当り分配金の額は次のとおりである。
     （アドミラル受益証券）

                                          配当総額
                                    米ドル              円
        第 26 会計年度     (17  ／１／１－      17 ／ 12 ／ 31)          1.141            121.939
        第 27 会計年度     (18  ／１／１－      18 ／ 12 ／ 31)          1.263            134.977
        第 28 会計年度     (19  ／１／１－      19 ／ 12 ／ 31)          1.406            150.259
               2019  年５月                     －             －
                   ６月                  0.265             28.321
                   ７月                    －             －
                   ８月                    －             －
                   ９月                  0.339             36.229
                   10 月                  －             －
                   11 月                  －             －
                   12 月                 0.429             45.847
               2020  年１月                     －             －
                   ２月                    －             －
                   ３月                  0.297             31.740
                   ４月                    －             －
                                  44/564











                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       ③ 【収益率の推移】

     （アドミラル受益証券）
                 期間                  収益率（％）
       第 26 会計年度（      17 ／１／１－      17 ／ 12 ／ 31 ）          21.01
       第 27 会計年度（      18 ／１／１－      18 ／ 12 ／ 31 ）         － 5.05
       第 28 会計年度（      19 ／１／１－      19 ／ 12 ／ 31 ）          30.61
        （注）収益率（％）＝         100  ×（ａ－ｂ）／ｂ
               ａ＝会計年度末の１口当り純資産価格＋当該会計年度の分配金の合計額
               ｂ＝当該会計年度の直前の会計年度末の１口当り純資産価格（分配落の額）
       ④ 【その他】

        （ⅰ）トータル・リターン
          トータル・リターンは、過去の運用実績を表すものであって、将来の実績を保証するものではな
         い。受益証券価格、リターンは大きく変動することに留意しなければならない。投資者の保有する
         株式は、償還された時、取得時の価格より高くまたは低くなることがある。年次平均リターンは受
         益証券価格の変動、分配およびキャピタル・ゲインの再投資を含む。ただし、リターンには受益者
         がファンドの分配金またはファンドの受益証券の買戻しに関して支払う税金は反映されていない。
     （アドミラル受益証券）                                        （ 2020  年４月末日現在）
                                                      *
      過去１か月         過去１年         過去３年         過去５年         過去  10 年
                                                   設定来
       13.26   ％      － 1.13  ％      8.01  ％      8.31  ％      11.30   ％      6.45  ％
         ＊ 設定日は、     2000  年 11 月 13 日である。
        （ⅱ）年次運用実績

     （アドミラル受益証券）
               キャピタル・リターン               インカム・リターン               トータル・リターン
         年
                   （％）               （％）               （％）
        2019            28.35               2.45              30.80
        2018           － 6.94               1.77             － 5.17
        2017            18.97               2.20              21.17
                                  45/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        （ⅲ）月次運用実績

     （アドミラル受益証券）
            トータル・             トータル・             トータル・             トータル・
           リターン（％）             リターン（％）             リターン（％）             リターン（％）
     2017  年５月       1.02    2018  年２月      － 3.71    2018  年 11 月     2.08    2019  年８月      － 2.01
     2017  年６月       0.93    2018  年３月      － 1.98    2018  年 12 月    － 9.30    2019  年９月       1.70
     2017  年７月       1.87    2018  年４月       0.38    2019  年１月       8.60    2019  年 10 月     2.11
     2017  年８月       0.16    2018  年５月       2.82    2019  年２月       3.51    2019  年 11 月     3.78
     2017  年９月       2.46    2018  年６月       0.67    2019  年３月       1.45    2019  年 12 月     2.86
     2017  年 10 月     2.17    2018  年７月       3.35    2019  年４月       3.98    2020  年１月      － 0.08
     2017  年 11 月     3.04    2018  年８月       3.45    2019  年５月      － 6.43    2020  年２月      － 8.16
     2017  年 12 月     1.01    2018  年９月       0.16    2019  年６月       6.99    2020  年３月      － 13.77
     2018  年１月       5.32    2018  年 10 月    － 7.40    2019  年７月       1.44    2020  年４月       13.26
        （ⅳ）ポートフォリオの内容（                2020  年４月末日現在）

         （全受益証券クラス）
           ファンドアセットアロケーション
                短期準備金                   0 ％
                  株式                100  ％
        株式の特徴
         組入れ銘柄数                                      3,513
         メジアン・マーケット・キャピタリゼーショ
                                           896  億米ドル
         ン
         PER  （株価収益率）                                   20.9  倍
         PBR  （株価純資産倍率）                                    2.8  倍
         ROE  （株主資本利益率）                                   16.9  ％
         利益成長率                                     13.9  ％
         米国以外の保有率                                      0.4  ％
         回転率（年）（        2019  年 12 月末現在）                         4.1  ％
         現金等比率                                       0 ％
                                  46/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        （ⅴ）歴史的変動率（米ドルベース実績値）（                        2020  年４月末日現在）

     （アドミラル受益証券）
                 参考指数                   Ｒスクウェア              ベータ
     スプライスト・トータル・ストック・マーケット・
                                           1.00            1.00
     インデックス
     ダウ・ジョーンズ米国トータル・ストック・
                                           1.00            1.00
     マーケット・インデックス
         （注１）Ｒスクウェアおよびベータは、ベンチマーク・インデックス（スプライスト･トータル・ストック・マーケット・イ
             ンデックス）および市場全体のインデックス（ダウ・ジョーンズ米国トータル・ストック・マーケット・インデッ
             クス）に相関するファンドのリターンを                 36 か月間遡ることにより算出されている。スプライスト・トータル・ス
             トック・マーケット・インデックスは、                 2005  年４月   22 日までダウ・ジョーンズ米国トータル・ストック・マーケッ
             ト・インデックス（旧名称ダウ・ジョーンズ・ウィルシャー                          5000  インデックス）に、その後           2013  年６月２日まで
             MSCI  US ブロード・マーケット・インデックスに、その後は                     CRSP  US トータル・マーケット・インデックスに連動し
             ている。
         （注２）「Ｒスクウェア」とは、一般的にファンドの過去のリターンが市場からのリターンによってどの程度説明できるか
             の指標であり、ベンチマーク・インデックスまたは市場全体のインデックスによって計測される。ファンドのトー
             タル・リターンがインデックスのリターンと正確に一致している場合、Ｒスクウェアは                                    1.00  となる。ファンドのリ
             ターンがインデックスのリターンと無関係である場合、Ｒスクウェアは０となる。
         （注３）「ベータ」とは、ベンチマーク・インデックスおよび市場全体のインデックスの変動に関連するファンドの過去の
             受益証券価格の変動の規模を計測する指標である。各インデックスはベータ                                1.00  を付与される。インデックスが
             10 ％上昇または下降した場合、従前のインデックスと比較すると、ベータ                              1.20  であるファンドは、受益証券価格が
             12 ％上昇または下降したことになる。しかし、ファンドのベータはＲスクウェアと関連して精査されなくてはなら
             ない。Ｒスクウェアが低下すると、ファンドとベンチマークの相関関係は弱まり、ベータの変動の指標としての信
             頼性はより低くなる。
      （４）【販売及び買戻しの実績】

        各会計年度末現在の販売および買戻しの実績および各会計年度末現在の発行済口数は次のとおりであ
       る。
     （アドミラル受益証券）

                   販売口数             買戻し口数             発行済口数

                        本邦内におけ             本邦内におけ             本邦内におけ
                   （千口）             （千口）             （千口）
                        る販売口数             る買戻し口数             る発行済口数
        第 26 会計年度
                    486,970          0    341,277          0   2,849,166           0
     （ 17 ／１／１－     17 ／ 12 ／ 31 ）
        第 27 会計年度
                    480,085          0    348,197          0   2,981,054           0
     （ 18 ／１／１－     18 ／ 12 ／ 31 ）
        第 28 会計年度
                    571,155          0    383,118          0   3,169,091           0
     （ 19 ／１／１－     19 ／ 12 ／ 31 ）
                                  47/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第２【管理及び運営】

     １【申込（販売）手続等】

      ａ．米国における申込手続等
        投資者は、取引日に純資産価格において受益証券を購入する。全てのバンガード・ファンドについ
       て、買付請求がニューヨーク証券取引所の取引終了（通常は米国東部標準時間の午後４時）前に受領さ
       れた場合には、同日を取引日として受領されるものとし、それ以後に受領された買付請求は、受領日の
       翌営業日を取引日として受領されるものとする。
      ｂ．日本における申込手続等
        該当事項なし。
     ２【買戻し手続等】

      ａ．米国における買戻し手続等
        投資者は以下の３つの方法のいずれかによって、そのファンドの口座からの受益証券の買戻しを請求
       することができる。すなわち、オンライン、電話または郵便である。受益証券は、バンガードが、状況
       により必要とされる特別な文書作成を含めて買戻請求を受領した後、新たに決定されるファンドの純資
       産価格で買戻される。ニューヨーク証券取引所の普通取引終了（通常は米国東部標準時間の午後４時）
       前に適切に受領された場合には、受益証券は同日の純資産価格で買戻される。同日が取引日とされる。
       買戻しに関してファンドの手数料は課されない。ファンドが保有する証券の市場価格によって、買戻金
       額は取得価格より多くなることも少なくなることもある。
      ｂ．日本における買戻し手続き等
        日本における受益者は、いつでも受益証券の買戻しを請求することが出来る。
        日本における買戻しは、ファンド営業日（ニューヨーク証券取引所の開かれる日）でかつ日本におけ
       る販売取扱会社の営業日（日本における国民の休日の前日を除く。）に販売取扱会社に対して行うこと
       ができる。販売取扱会社はかかる買戻請求をザ・バンガード・グループ・インクに送付する。買戻しの
       最小単位は１口である。
        日本における受益者が受領する価格は、ファンドが販売取扱会社から買戻し請求を受領した後に初め
       て計算される純資産価格である。当該価格の支払いは、「外国証券取引口座約款」の定めに従って販売
       取扱会社を通じて日本円でなされる。販売取扱会社が同意する場合には米ドルで支払われる。買戻代金
       の支払は、約定日を含めて起算して日本における販売取扱会社の４営業日目に行われる。
        口座管理手数料について、販売会社は口座管理手数料が徴収されるファンドの受益証券を買い戻す権
       利を有する。受益証券の買戻しの手続きの詳細については、各販売会社にお問い合わせ願いたい。
      ｃ．買戻しの停止
        ファンドは、最大で７暦日、買戻し金の支払いを延期することができる。さらに、ファンドは、                                                   ①
       ニューヨーク証券取引所が閉鎖されている期間または証券取引所での取引が                                       SEC  の決定により制限されて
       いる期間、      ②SEC   により定義される緊急事態が存在し、その結果ファンドがその保有する証券を処分する
       ことまたはその資産価値を公正に決定することを合理的に実行できない期間、または                                            ③SEC   が認めるその
       他の期間、買戻しの停止および／または買戻し金の支払いの延期を７暦日を超えて行うことができる。
        トラストは、いずれの登録受益者に関しても、当該受益者により請求されたすべての買戻しにつき、
       いずれか     90 日間の期間において          250,000    米ドルまたは当該期間の期首におけるファンドの純資産の１％の
       いずれか少ない額を上限金額として現金で支払う旨の申告を                               SEC  に対して行っている。
        クローズド期間、大口解約等の制限はない。
     ３【資産管理等の概要】

      （１）【資産の評価】
                                  48/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        受益証券の価格、すなわち「純資産価格」または「                          NAV  」は、ニューヨーク証券取引所の通常取引終了
       時、通常米国東部標準時間時午後４時に、ニューヨーク証券取引所が営業する各日（営業日）に計算さ
       れ る。万一、ニューヨーク証券取引所が不測の混乱状態となり、取引日終了時点で利用不可となった場
       合には、ファンドは当該日を営業日として取扱い、純資産価格を                                  NASDAQ   （または     NASDAQ   が利用不可の場
       合には、バンガードの裁量で決定されるその他の代替市場）における通常取引終了時点で計算する権限
       を有する。各受益証券クラスは個有の純資産価格を有しており、各受益証券クラスに配分された純資産
       を各クラスの発行済ファンド受益証券口数で除し、負債の額を差し引くことにより計算される。純資産
       価格はニューヨーク証券取引所が閉鎖する米国の休日またはその他の日については計算されず、ファン
       ドは受益証券の販売または買戻しを行わない。ただし、ファンドが当該日において価値が変動する有価
       証券（当該日が取引日である米国外の市場において取引される非米国証券等）を保有する限り、当該日
       においても、ファンド資産の価値が影響を受けることがある。
        バンガード・ファンドにより保有される株式は、信頼のおける相場価格が、当該株式が取引されてい
       る主要な取引所または市場から容易に利用できる場合、「時価」によって評価される。当該有価証券
       は、通常、公式終値、最終報告売値で評価されるか、当該日に売買がなかった場合は、最終買呼値と売
       呼値の中間値で評価される。市場相場が容易に利用できないか、または正確に証券の価値を反映できな
       いとファンドが判断した場合、株式は公正価格（その所有者が現時点で当該証券を売却した場合に受領
       すると合理的に予想される金額）により値付けされる。ファンドによって保有される非米国証券は、独
       立した第三者機関より取得したニューヨーク証券取引所の通常取引終了時の為替レートを使用して米ド
       ルに換算される。インスティチューショナル・マネー・マーケット・ファンド受益証券を含む、ファン
       ドにより保有されているいずれのミューチュアル・ファンドの受益証券の価額についても、受益証券の
       純資産価格を基準とする。ファンドが保有する                        ETF  受益証券またはクローズド・エンド型ファンドの受益
       証券の価額は、受益証券の市場価額を基準とする。
        ファンドによる価格設定時の前であるが、当該証券が売買される主要取引所または市場の終了後に発
       生する事由によってファンドが保有する証券の価格が大きく影響された場合も、ファンドは適正価値で
       の価格設定を採用する。このようなことは、ファンドによる価格設定時前の長時間閉じられている非米
       国取引所で売買される非米国証券には通常よく発生する。障害事由は、企業固有のもの（例えば、収益
       報告、合併発表）、当該国固有のものまたはグローバルなもの（例えば、自然災害、経済政治ニュー
       ス、テロ事件、金利変更）でありうる。障害事由には、特定のしきい値を超えるかその他非米国証券の
       価格に影響するとされる米国市場の価格動向も含まれる。
        稀ではあるが、適正価値による価格設定は、例えば、（１）証券の取引が停止され、ファンドによる
       価格設定時前に再開されない場合、または一日の途上で証券が売買されていない場合、および（２）あ
       る証券の価格が        NAV  に影響しうるような証券をファンドが十分に保有している場合は、米国内証券につい
       ても採用されることがある。
        適正価値による価格は、受託者会によって採択された手続きに従いバンガードが決定する。適正価値
       での価格設定が採用される場合、ファンドが                       NAV  を算出するために採用する証券価格は、当該証券の相場
       価格または公表価格とは異なることがある。
      （２）【受益証券の転換】
        日本においては、受益証券をトラストの他のクラスまたはシリーズの証券に転換することができな
       い。
      （３）【保管】
        保管の必要を省くため、ファンドは受益証券について券面を発行しない。
      （４）【信託期間】
        契約および信託宣言中で規定される方式により終了されない限り、トラストは期限の定めなく存続す
       る。
      （５）【計算期間】
                                  49/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        ファンドの決算期は毎年             12 月 31 日である。
      （６）【その他】
       （１）解散
         受益者への      60 日前の事前の書面による通知によって受託者会はいつでもトラストを終了させること
        ができる。いずれのシリーズもそのシリーズの受益者への                              60 日前の事前の書面による通知によって受
        託者会はいつでも当該シリーズを終了させることができる。
       （２）関係法人との契約の更改等に関する手続
        ⅰ 　契約および信託宣言
          契約および信託宣言の原本または写しは、トラストの事務所に保管され受益者の閲覧に供され
         る。契約および信託宣言の写しは、アメリカ合衆国において                               SEC  に届け出られる。契約および信託宣
         言は、現職の受託者の過半数が署名をした文書により再録および／または修正をすることができ
         る。かかる再録および／または修正は文書の作成および承認により直ちに効力を生ずる。トラスト
         の証明書は同様の手続により再録および／または修正されるが、かかる再録および／または修正は
         デラウエア州の州務長官事務所への届出後直ちに、または証明書に規定される将来の日付において
         効力を生じる。
          日本においては、契約および信託宣言の重要な変更は、公告するか日本の受益者に通知される。
        ⅱ 　代行協会員契約
          代行協会員契約は、他の契約当事者に対し、３か月前の書面による終了通知をなすことにより終
         了できる。同契約は日本の法律に準拠し、それに従い解釈される。
        ⅲ 　受益証券販売・買戻契約
          受益証券販売・買戻契約は、一方の当事者が他の当事者に対し、書面による通知を３ヶ月前にな
         すことにより解約できる。同契約は、日本国の法律に準拠し、同法により解釈されるものとする。
         本契約に基づき提起される補償およびその他の訴訟は、東京地方裁判所が管轄を有するものとし、
         ザ・バンガード・グループ・インクは、かかる東京地方裁判所の管轄に服する。
        ⅳ 　包括保管契約
          包括保管契約は、相手方当事者に、契約終了の                        60 日以上前に、書面による通知を交付または送付
         することにより、包括保管契約を終了することができる。
          同契約は、ニューヨーク州の法律に準拠し、同法に従い解釈されるものとする。
        ⅴ 　ファンド・サービス契約
          ファンド・サービス契約第５修正契約（随時修正済）は、すべての当事者の相互の合意によって
         終了または修正されるまで、すべての当事者に関して十分な効力を維持するものとする。ファンド
         の構成ファンドは、本契約の各当事者に少なくとも                           90 日の書面の予告をして、いずれかの月の最終
         日に本契約から撤退することを選択することができる。
     ４【受益者の権利等】

      （１）【受益者の権利等】
        日本の受益者は、通常、その受益権を直接行使するためには、受益証券名義人としてその名義を登録
       しなければならない。したがって、販売取扱会社に受益証券の保管を委託している日本の受益者は、受
       益証券を販売取扱会社の名義で登録しているため、直接受益権を行使することは出来ない。日本の受益
       者は販売取扱会社との間の約定に基づき販売取扱会社をして受益権を自己のために行使させることがで
       きる。
        受益証券の保管を販売取扱会社に委託しない日本の受益者は、自己の責任において権利行使を行う。
        受益者の有する主な権利は次のとおりである。
       ①　議決権
                                  50/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
         受益者は、①受益権の権限および優先性に重大な不利益を及ぼす契約および信託宣言の変更に関わ
        る事項の場合、②受託者が受益者に議決権を与えることが必要または望ましいと決定した場合、③統
        合または合併、証券の転換、証券の交換、資産の売却が提案された場合および取引を承認するために
        1940  年法により受益者の議決が要求されている場合、④                           1940  年法の下で議決権が要求されている場
        合、には議決権が与えられる。                1940  年法は、ファンドの純資産の               10 ％以上を代表する受益者の書面に
        よる請求にしたがって受託者を選任解任する場合、ファンドの基本的方針を変更する場合および何ら
        かの統合を行う場合を含む様々な状況の下で、受益者の議決を要求している。法律上の要求がない限
        り、ファンドの受益者は、基準日に保有される純資産価額の１米ドルにつき１議決権を与えられ、基
        準日に保有される純資産価額の１米ドルの端数につき端数議決権を与えられる。しかし、特定の事項
        に影響を受けるファンドまたはクラスの受益権は、当該事項について議決権を与えられる。さらに、
        各クラスは、受益者に提示される事項のうち当該クラスのみに関わる事項に関しては絶対的議決権を
        有し、当該クラスが他のクラスとは異なる利害関係をもつ事項に関しては独立した議決権を有する。
        累積投票はできず、株主の過半数による議決のない限り修正できない。
       ②　買戻請求権
         受益者は受益権を純資産価額で買い戻すことを請求する権利を有する。
       ③　配当金請求権
         ファンドの受益者は、ファンドが各クラスについて宣言する配当またはその他の分配金を受領する
        権利を有する。配当に関しては、ファンドの他の受益権に優先権を有する受益権は存在しない。配当
        はファンドの資産からなされ、基準日に受益者が保有するクラスの受益権数にしたがって特定のクラ
        スの受益者のすべてに比例的に支払われる。１口当りの所得の分配は、クラス別の純資産価格および
        多角的クラス・プランに基づく費用の割当て方によって同じファンドの独立クラス間で異なることが
        ある。
       ④　残余財産分配請求権
         ファンドの解散の場合、受益者は持株数に応じた額をファンドの純資産額から受領する権利を有す
        る。受益証券のクラスが精算される場合、かかるクラスの受益者は、持株数に応じた額をかかるクラ
        スに配分されるファンドの純資産額から受領する権利を有する。受益者は、現金、証券またはその組
        み合わせにより受領することができる。
       ⑤　会計帳簿等閲覧請求権
         受益者は、信託宣言の閲覧権、裁判所の決定に応じた会計帳簿閲覧権、および受益者集会の議事録
        の閲覧権を有する。
       ⑥　受益権を譲渡する権利
         受益権は、法律による制限を除いて、譲渡制限はなく、日本において日本の投資者に自由に譲渡す
        ることが出来る。
      （２）【為替管理上の取扱い】
        日本の受益者に対する受益証券の分配金、買戻代金等の送金に関して、アメリカ合衆国における外国
       為替管理上の制限はない。
      （３）【本邦における代理人】
        森・濱田松本法律事務所　東京都千代田区丸の内二丁目６番１号　丸の内パークビルディング
        上記法律事務所は、日本においてファンドを代表しそのために行動する真実かつ法律上の代理人であ
       り、以下の行為を委任されている。
        ①　法律上および日本証券業協会の規則上の問題について一切の通信、請求、訴状その他の訴訟関係
          書類を受領すること、
        ②　日本におけるファンドの受益証券の募集、販売および買戻しの取引に関する一切の紛争、見解の
          相違に関する一切の裁判上、裁判外の行為を行うこと、
                                  51/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
          日本国財務省関東財務局長に対する募集、継続開示等に関する届出ならびに金融庁長官に対する
          届出に関する代理人は、
             弁護士　三浦　健
             森・濱田松本法律事務所　
             東京都千代田区丸の内二丁目６番１号　丸の内パークビルディング
          である。
      （４）【裁判管轄等】
        日本の投資者が取得したファンド証券の取引に関連する訴訟の裁判管轄権は下記の裁判所が有するこ
       とをファンドは承認している。
        東京地方裁判所　東京都千代田区霞が関一丁目１番４号
        確定した判決の執行手続は、関連する法域の適用法律に従って行われる。
                                  52/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第３【ファンドの経理状況】

     １【財務諸表】

      ａ．ファンドの直近２会計年度の日本文の財務書類は、米国における諸法令及び一般に公正妥当と認めら
        れる会計原則に準拠して作成された原文の監査済財務書類を翻訳したものである（ただし円換算部分
        を除く。）。これは、「特定有価証券の内容等の開示に関する内閣府令」（平成５年大蔵省令第                                                   22
        号）に基づき、「財務諸表等の用語、様式及び作成方法に関する規則」（昭和                                         38 年大蔵省令第       59 号）
        第 131  条第５項ただし書きの規定の適用を受けている。
         ファンドの原文の財務書類は、外国監査法人等（公認会計士法（昭和                                    23 年法律第     103  号）第１条の３

        第７項に規定する外国監査法人等をいう。）であるプライスウォーターハウスクーパース　エルエル
        ピーから監査証明に相当すると認められる証明を受けており、当該監査証明に相当すると認められる
        証明に係る監査報告書に相当するもの（訳文を含む。）が当該財務書類に添付されている。
      ｂ．ファンドの原文の財務書類は米ドルで表示されている。日本文の財務書類には、主要な金額について

        円換算額が併記されている。日本円による金額は、                           2020  年４月   30 日現在における株式会社三菱ＵＦＪ
        銀行の対顧客電信売買相場の仲値（１米ドル＝                        106.87   円）で換算されている。なお、百万円未満の金
        額は四捨五入されている。日本円に換算された金額は、四捨五入のため合計欄の数値が総数と一致し
        ない場合がある。
                                  53/564












                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （１）【貸借対照表】

     トータル・ストック・マーケット・インデックス・ファンド

     財務書類
     純資産計算書

     2019  年 12 月 31 日現在
     当ファンドは、各計算期間に４回、四半期末現在の投資有価証券を網羅した表を規制当局に報告して

     いる。第２四半期および第４四半期では、当ファンドが保有する投資有価証券を網羅した表は
     vanguard.com       および米国証券取引委員会のウェブサイト（                        sec.gov    ）でコンピュータ上入手可能で、
     800-662-7447       に電話して無料で郵送してもらうこともできる（訳注：日本の受益者については、適用
     されない。）。第１四半期および第３四半期では、当ファンドはこの表を様式                                         N-Q  により    SEC  に提出し
     ている。受益者は当ファンドの様式                  N-Q  を SEC  のウェブサイトで検索することができる。
                                                    市場価格•

                                              株数     ( 千米ドル     )
              1
     普通株式     (99.7   ％ )
     素材   (2.2  ％ )
        Linde   plc
                                          15,134,929         3,222,226
        Air  Products     & Chemicals      Inc.
                                           6,202,815         1,457,599
        Ecolab    Inc.
                                           7,305,117         1,409,815
        DuPont    de  Nemours     Inc.
                                          20,873,003         1,340,047
        Dow  Inc.
                                          20,929,539         1,145,474
        Newmont     Goldcorp     Corp.
                                          23,107,807         1,004,034
        PPG  Industries      Inc.
                                           6,646,159          887,196
        LyondellBasell         Industries      NV  Class   A
                                           7,047,120          665,812
        Freeport-McMoRan          Inc.
                                          38,833,880          509,501
        International        Paper   Co.
                                          11,058,509          509,244
        Nucor   Corp.
                                           8,537,296          480,479
        Celanese     Corp.   Class   A
                                           3,406,597          419,420
        International        Flavors     & Fragrances      Inc.
                                           3,004,135          387,593
        FMC  Corp.
                                           3,655,457          364,888
        Avery   Dennison     Corp.
                                           2,355,232          308,111
        CF  Industries      Holdings     Inc.
                                           6,130,780          292,683
        RPM  International        Inc.
                                           3,648,559          280,063
        Eastman     Chemical     Co.
                                           3,457,498          274,041
        Royal   Gold   Inc.
                                           1,842,944          225,300
        Albemarle      Corp.
                                           2,984,304          217,974
        Reliance     Steel   & Aluminum     Co.
                                           1,777,724          212,900
        Mosaic    Co.
                                           9,628,626          208,363
        Steel   Dynamics     Inc.
                                           5,791,420          197,140
     *
        Axalta    Coating     Systems     Ltd.
                                           5,902,140          179,425
        Huntsman     Corp.
                                           5,801,106          140,155
        WR  Grace   & Co.
                                           1,865,484          130,304
        Ashland     Global    Holdings     Inc.
                                           1,702,064          130,259
        NewMarket      Corp.
                                            266,961         129,882
        Scotts    Miracle-Gro       Co.
                                           1,107,569          117,602
                                  54/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Univar    Solutions      Inc.
                                           4,745,763          115,037
     *
        Alcoa   Corp.
                                           5,232,726          112,556
     *
        Ingevity     Corp.
                                           1,181,170          103,211
        Balchem     Corp.
                                            913,136         92,802
        Chemours     Co.
                                           4,591,159          83,054
        PolyOne     Corp.
                                           2,178,343          80,141
        Sensient     Technologies       Corp.
                                           1,187,405          78,476
        Olin   Corp.
                                           4,476,055          77,212
        Westlake     Chemical     Corp.
                                           1,084,804          76,099
        HB  Fuller    Co.
                                           1,437,003          74,106
        Commercial      Metals    Co.
                                           3,321,882          73,978
        Innospec     Inc.
                                            685,977         70,957
     *
        Element     Solutions      Inc.
                                           6,062,971          70,815
        Cabot   Corp.
                                           1,448,198          68,818
        Carpenter      Technology      Corp.
                                           1,357,669          67,585
     ^
        Cleveland-Cliffs          Inc.
                                           7,536,994          63,311
        Quaker    Chemical     Corp.
                                            378,340         62,244
        Domtar    Corp.
                                           1,610,013          61,567
        Compass     Minerals     International        Inc.
                                            955,846         58,268
        Stepan    Co.
                                            565,290         57,908
        Minerals     Technologies       Inc.
                                            978,061         56,366
     ^
        United    States    Steel   Corp.
                                           4,764,758          54,366
     *
        Coeur   Mining    Inc.
                                           6,144,234          49,645
                                  55/564












                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Kaiser    Aluminum     Corp.
                                            447,290         49,600
        Hecla   Mining    Co.
                                          13,977,833           47,385
        Worthington       Industries      Inc.
                                           1,044,716          44,066
     *
        GCP  Applied     Technologies       Inc.
                                           1,689,907          38,378
        Schweitzer-Mauduit           International        Inc.
                                            874,408         36,716
     *
        Ferro   Corp.
                                           2,332,299          34,588
        Materion     Corp.
                                            558,542         33,205
        Neenah    Inc.
                                            462,801         32,595
        Warrior     Met  Coal   Inc.
                                           1,413,990          29,878
        Arch   Coal   Inc.   Class   A
                                            411,588         29,527
     *
        AK  Steel   Holding     Corp.
                                           8,240,587          27,112
        Tronox    Holdings     plc  Class   A
                                           2,358,953          26,939
        Chase   Corp.
                                            194,326         23,024
     *
        Kraton    Corp.
                                            905,710         22,933
        PH  Glatfelter      Co.
                                           1,228,250          22,477
        GrafTech     International        Ltd.
                                           1,901,307          22,093
     *
        Koppers     Holdings     Inc.
                                            534,736         20,438
     *
        PQ  Group   Holdings     Inc.
                                           1,175,974          20,203
        Tredegar     Corp.
                                            846,265         18,914
        Innophos     Holdings     Inc.
                                            560,944         17,939
        Peabody     Energy    Corp.
                                           1,846,360          16,839
     *
        Verso   Corp.
                                            896,052         16,156
     *
        AdvanSix     Inc.
                                            804,471         16,057
        SunCoke     Energy    Inc.
                                           2,568,204          16,000
        Schnitzer      Steel   Industries      Inc.
                                            710,227         15,398
        American     Vanguard     Corp.
                                            778,580         15,159
     *
        OMNOVA    Solutions      Inc.
                                           1,285,015          12,992
        Haynes    International        Inc.
                                            362,822         12,982
        US  Silica    Holdings     Inc.
                                           2,090,691          12,858
        Hawkins     Inc.
                                            280,320         12,841
     *
        Century     Aluminum     Co.
                                           1,417,898          10,656
        Gold   Resource     Corp.
                                           1,877,491          10,401
     *
        Clearwater      Paper   Corp.
                                            465,239          9,938
        Kronos    Worldwide      Inc.
                                            739,566          9,910
        FutureFuel      Corp.
                                            731,582          9,064
     *
        TimkenSteel       Corp.
                                           1,000,122           7,861
     *
        Resolute     Forest    Products     Inc.
                                           1,670,830           7,017
     *
        CONSOL    Energy    Inc.
                                            473,551          6,871
     *
        Intrepid     Potash    Inc.
                                           2,429,814           6,585
        Rayonier     Advanced     Materials      Inc.
                                           1,616,669           6,208
     *,^
        ChromaDex      Corp.
                                           1,265,117           5,453
        Olympic     Steel   Inc.
                                            298,044          5,341
     *,^
        Energy    Fuels   Inc.
                                           2,667,456           5,095
     *
        Ryerson     Holding     Corp.
                                            410,113          4,852
     *
        Contura     Energy    Inc.
                                            526,551          4,765
     *,^
        Uranium     Energy    Corp.
                                           4,831,743           4,441
     *
        Universal      Stainless      & Alloy   Products     Inc.
                                            275,820          4,110
     *
        Synalloy     Corp.
                                            280,770          3,625
     *
        LSB  Industries      Inc.
                                            681,035          2,860
                                  56/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Ur-Energy      Inc.
                                           4,610,759           2,713
     *,^
        AgroFresh      Solutions      Inc.
                                           1,033,962           2,668
        Northern     Technologies       International        Corp.
                                            159,019          2,236
     *,^
        Hi-Crush     Inc.
                                           2,164,803           1,911
     *
        Marrone     Bio  Innovations       Inc.
                                           1,883,507           1,902
        Hallador     Energy    Co.
                                            471,119          1,399
     *
        Ampco-Pittsburgh          Corp.
                                            420,452          1,266
        United-Guardian         Inc.
                                             52,756         1,037
     *
        Ramaco    Resources      Inc.
                                            231,486           829
        Friedman     Industries      Inc.
                                            125,686           757
     *
        Centrus     Energy    Corp.   Class   A
                                             95,059          654
     *
        General     Moly   Inc.
                                           1,633,202            371
     *
        Senestech      Inc.
                                            325,961           179
     *
        US  Antimony     Corp.
                                            409,122           158
        Flexible     Solutions      International        Inc.
                                             54,447          140
     *,^
        US  Gold   Corp.
                                            133,257           108
     *
        NL  Industries      Inc.
                                             26,976          105
                                  57/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Paramount      Gold   Nevada    Corp.
                                             65,976           51
     *
        Golden    Minerals     Co.
                                            130,813           41
     *
        Solitario      Zinc   Corp.
                                            107,374           32
     *
        Ikonics     Corp.
                                                        11
                                             2,096
                                                   19,444,965
     消費財    (7.9  ％ )
        Procter     & Gamble    Co.
                                          70,247,910         8,773,964
        Coca-Cola      Co.
                                          108,645,223          6,013,513
        PepsiCo     Inc.
                                          39,282,426         5,368,729
        Philip    Morris    International        Inc.
                                          43,826,136         3,729,166
        NIKE   Inc.   Class   B
                                          35,096,598         3,555,636
        Altria    Group   Inc.
                                          52,623,126         2,626,420
        Mondelez     International        Inc.   Class   A
                                          40,570,077         2,234,600
     *,^
        Tesla   Inc.
                                           4,061,017         1,698,845
        Colgate-Palmolive          Co.
                                          24,144,877         1,662,133
        Kimberly-Clark         Corp.
                                           9,666,055         1,329,566
        General     Motors    Co.
                                          36,177,178         1,324,085
        Estee   Lauder    Cos.   Inc.   Class   A
                                           6,261,287         1,293,206
        Activision      Blizzard     Inc.
                                          21,645,599         1,286,182
        Ford   Motor   Co.
                                          109,743,140          1,020,611
        VF  Corp.
                                           9,554,534          952,205
        General     Mills   Inc.
                                          17,007,425          910,918
     *
        Electronic      Arts   Inc.
                                           8,230,572          884,869
        Constellation        Brands    Inc.   Class   A
                                           4,250,806          806,590
     *
        Lululemon      Athletica      Inc.
                                           3,291,813          762,614
        Tyson   Foods   Inc.   Class   A
                                           8,317,746          757,248
        Archer-Daniels-Midland             Co.
                                          15,666,228          726,130
        Aptiv   plc
                                           7,190,659          682,897
     *
        Monster     Beverage     Corp.
                                          10,616,245          674,662
        Corteva     Inc.
                                          21,074,302          622,956
        Hershey     Co.
                                           4,181,939          614,661
        Kraft   Heinz   Co.
                                          18,935,664          608,403
        McCormick      & Co.  Inc.
                                           3,480,731          590,784
        Brown-Forman       Corp.   Class   B
                                           8,230,479          556,380
        Clorox    Co.
                                           3,538,701          543,332
        DR  Horton    Inc.
                                           9,881,146          521,230
        Kellogg     Co.
                                           7,211,280          498,732
        Church    & Dwight    Co.  Inc.
                                           6,932,191          487,610
        Conagra     Brands    Inc.
                                          13,688,139          468,682
        Lennar    Corp.   Class   A
                                           7,887,210          440,027
        Genuine     Parts   Co.
                                           3,894,236          413,685
        Garmin    Ltd.
                                           4,014,916          391,695
     *
        Take-Two     Interactive       Software     Inc.
                                           3,198,333          391,572
        Hasbro    Inc.
                                           3,622,409          382,563
     *
        NVR  Inc.
                                             98,911        376,694
        Lamb   Weston    Holdings     Inc.
                                           4,100,190          352,739
        Hormel    Foods   Corp.
                                           7,508,017          338,687
        JM  Smucker     Co.
                                           3,046,937          317,278
        PulteGroup      Inc.
                                           7,280,355          282,478
                                  58/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        LKQ  Corp.
                                           7,784,363          277,902
        Campbell     Soup   Co.
                                           5,484,164          271,027
        Molson    Coors   Brewing     Co.  Class   B
                                           4,964,569          267,590
        Whirlpool      Corp.
                                           1,783,732          263,154
     *
        US  Foods   Holding     Corp.
                                           6,160,319          258,056
        Fortune     Brands    Home   & Security     Inc.
                                           3,924,027          256,396
        BorgWarner      Inc.
                                           5,818,734          252,417
        Lear   Corp.
                                           1,701,759          233,481
     ^
        Keurig    Dr  Pepper    Inc.
                                           7,934,550          229,705
        Pool   Corp.
                                           1,067,699          226,758
     *
        Mohawk    Industries      Inc.
                                           1,615,537          220,327
        PVH  Corp.
                                           2,085,691          219,310
        Bunge   Ltd.
                                           3,791,455          218,198
        Tapestry     Inc.
                                           7,785,989          209,988
        Newell    Brands    Inc.
                                          10,756,552          206,741
        Gentex    Corp.
                                           7,131,260          206,664
     *
        Post   Holdings     Inc.
                                           1,799,775          196,355
                                  59/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        WABCO   Holdings     Inc.
                                           1,436,623          194,662
        Leggett     & Platt   Inc.
                                           3,684,117          187,264
        Ingredion      Inc.
                                           1,877,205          174,486
     *
        Middleby     Corp.
                                           1,566,526          171,566
        Polaris     Inc.
                                           1,637,223          166,506
        Harley-Davidson         Inc.
                                           4,357,801          162,067
     *
        Skechers     U.S.A.    Inc.   Class   A
                                           3,745,337          161,761
     *,^
        Wayfair     Inc.
                                           1,761,430          159,180
        Ralph   Lauren    Corp.   Class   A
                                           1,334,207          156,396
     *
        Capri   Holdings     Ltd.
                                           4,057,555          154,796
        Hanesbrands       Inc.
                                          10,144,260          150,642
     *
        Zynga   Inc.   Class   A
                                          24,014,936          146,971
        Toll   Brothers     Inc.
                                           3,590,882          141,876
        Brunswick      Corp.
                                           2,304,070          138,198
        Carter's     Inc.
                                           1,246,513          136,294
     *
        Deckers     Outdoor     Corp.
                                            789,599         133,332
     *,^
        Mattel    Inc.
                                           9,706,289          131,520
     *
        Darling     Ingredients       Inc.
                                           4,621,428          129,770
     *
        Herbalife      Nutrition      Ltd.
                                           2,702,156          128,812
     *
        Helen   of  Troy   Ltd.
                                            705,039         126,759
     *
        Tempur    Sealy   International        Inc.
                                           1,368,424          119,135
     *,^
        Under   Armour    Inc.   Class   A
                                           5,481,887          118,409
        Valvoline      Inc.
                                           5,304,627          113,572
        Flowers     Foods   Inc.
                                           5,108,089          111,050
        Thor   Industries      Inc.
                                           1,472,493          109,392
        Goodyear     Tire   & Rubber    Co.
                                           6,531,268          101,594
     *
        Under   Armour    Inc.   Class   C
                                           5,281,232          101,294
        Sanderson      Farms   Inc.
                                            559,343         98,567
        Coty   Inc.   Class   A
                                           8,492,762          95,544
        Steven    Madden    Ltd.
                                           2,159,509          92,880
     *
        Boston    Beer   Co.  Inc.   Class   A
                                            231,968         87,649
     ^
        Energizer      Holdings     Inc.
                                           1,743,502          87,559
        Lancaster      Colony    Corp.
                                            539,254         86,335
        KB  Home
                                           2,489,883          85,328
        Columbia     Sportswear      Co.
                                            851,529         85,315
     *,^
        Beyond    Meat   Inc.
                                           1,127,143          85,212
        Spectrum     Brands    Holdings     Inc.
                                           1,308,758          84,140
        J&J  Snack   Foods   Corp.
                                            420,985         77,575
     *
        Crocs   Inc.
                                           1,851,517          77,560
     *
        TreeHouse      Foods   Inc.
                                           1,582,810          76,766
        WD-40   Co.
                                            387,137         75,159
        Wolverine      World   Wide   Inc.
                                           2,185,137          73,727
        Dana   Inc.
                                           4,032,119          73,385
        LCI  Industries
                                            668,213         71,586
     *
        Fox  Factory     Holding     Corp.
                                           1,012,342          70,429
        Herman    Miller    Inc.
                                           1,659,985          69,138
     *
        Visteon     Corp.
                                            785,865         68,048
        Kontoor     Brands    Inc.
                                           1,580,205          66,353
     *
        Taylor    Morrison     Home   Corp.   Class   A
                                           2,989,071          65,341
                                  60/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Nu  Skin   Enterprises       Inc.   Class   A
                                           1,562,218          64,020
     *
        Meritage     Homes   Corp.
                                           1,024,336          62,597
     *
        TRI  Pointe    Group   Inc.
                                           3,942,953          61,431
     *
        Dorman    Products     Inc.
                                            790,259         59,838
     *
        Hain   Celestial      Group   Inc.
                                           2,193,727          56,938
     *
        Freshpet     Inc.
                                            960,760         56,771
        Callaway     Golf   Co.
                                           2,673,810          56,685
     *
        Welbilt     Inc.
                                           3,588,544          56,017
     *
        Meritor     Inc.
                                           2,098,924          54,971
        MDC  Holdings     Inc.
                                           1,405,561          53,636
        Steelcase      Inc.   Class   A
                                           2,413,679          49,384
     *
        Cavco   Industries      Inc.
                                            248,889         48,628
        Winnebago      Industries      Inc.
                                            899,276         47,644
     *
        Edgewell     Personal     Care   Co.
                                           1,535,442          47,537
     *
        Hostess     Brands    Inc.   Class   A
                                           3,223,157          46,865
     *
        Pilgrim's      Pride   Corp.
                                           1,393,176          45,578
        HNI  Corp.
                                           1,203,710          45,091
                                  61/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Skyline     Champion     Corp.
                                           1,419,706          45,005
     *
        American     Woodmark     Corp.
                                            429,369         44,873
        Vector    Group   Ltd.
                                           3,264,524          43,712
        La-Z-Boy     Inc.
                                           1,340,093          42,186
     *
        Fitbit    Inc.   Class   A
                                           6,330,754          41,593
     *
        G-III   Apparel     Group   Ltd.
                                           1,238,480          41,489
     *
        Gentherm     Inc.
                                            928,252         41,205
        Calavo    Growers     Inc.
                                            453,747         41,105
        Cooper    Tire   & Rubber    Co.
                                           1,426,937          41,024
     *,^
        iRobot    Corp.
                                            795,961         40,300
     *
        LGI  Homes   Inc.
                                            551,390         38,956
     *,^
        YETI   Holdings     Inc.
                                           1,084,148          37,707
        Universal      Corp.
                                            657,191         37,499
        Coca-Cola      Consolidated       Inc.
                                            130,883         37,177
     *
        Sleep   Number    Corp.
                                            744,054         36,637
        Inter   Parfums     Inc.
                                            493,736         35,900
        Oxford    Industries      Inc.
                                            470,129         35,457
        Cal-Maine      Foods   Inc.
                                            817,054         34,929
        Knoll   Inc.
                                           1,345,340          33,983
     ^
        Medifast     Inc.
                                            309,565         33,922
     *
        American     Axle   & Manufacturing        Holdings     Inc.
                                           3,137,752          33,762
     ^
        B&G  Foods   Inc.
                                           1,845,779          33,095
        Acushnet     Holdings     Corp.
                                            966,503         31,411
     *
        Delphi    Technologies       plc
                                           2,445,472          31,375
     *
        M/I  Homes   Inc.
                                            796,923         31,359
        Fresh   Del  Monte   Produce     Inc.
                                            881,466         30,834
     *
        Central     Garden    & Pet  Co.  Class   A
                                           1,022,445          30,019
        Seaboard     Corp.
                                             6,874        29,218
     *
        Sonos   Inc.
                                           1,838,860          28,723
        Standard     Motor   Products     Inc.
                                            531,214         28,271
        Interface      Inc.   Class   A
                                           1,682,177          27,907
     *
        USANA   Health    Sciences     Inc.
                                            345,962         27,175
        ACCO   Brands    Corp.
                                           2,744,110          25,685
        Levi   Strauss     & Co.  Class   A
                                           1,267,526          24,451
     *
        Malibu    Boats   Inc.   Class   A
                                            585,658         23,983
     *
        BellRing     Brands    Inc.   Class   A
                                           1,098,256          23,382
     *
        Stoneridge      Inc.
                                            740,741         21,719
        Sturm   Ruger   & Co.  Inc.
                                            461,151         21,688
        Andersons      Inc.
                                            836,620         21,150
        Kimball     International        Inc.   Class   B
                                           1,008,330          20,842
     *
        Century     Communities       Inc.
                                            759,958         20,785
     *
        Glu  Mobile    Inc.
                                           3,422,460          20,706
        John   B Sanfilippo      & Son  Inc.
                                            224,805         20,520
        Lennar    Corp.   Class   B
                                            453,325         20,264
        Tenneco     Inc.   Class   A
                                           1,456,659          19,082
        MGP  Ingredients       Inc.
                                            391,724         18,979
     *
        William     Lyon   Homes   Class   A
                                            930,802         18,597
     *
        Universal      Electronics       Inc.
                                            351,326         18,360
     *,^
        National     Beverage     Corp.
                                            334,076         17,045
                                  62/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        elf  Beauty    Inc.
                                            940,340         15,168
     ^
        Tootsie     Roll   Industries      Inc.
                                            439,699         15,011
        Phibro    Animal    Health    Corp.   Class   A
                                            600,312         14,906
     *
        Cooper-Standard         Holdings     Inc.
                                            448,965         14,888
        National     Presto    Industries      Inc.
                                            164,379         14,529
     *,^
        GoPro   Inc.   Class   A
                                           3,241,645          14,069
     *
        American     Outdoor     Brands    Corp.
                                           1,496,453          13,887
        Ethan   Allen   Interiors      Inc.
                                            717,456         13,675
     ^
        Camping     World   Holdings     Inc.   Class   A
                                            911,815         13,440
     *
        Central     Garden    & Pet  Co.
                                            380,527         11,823
     *
        Primo   Water   Corp.
                                           1,038,170          11,653
     *
        Motorcar     Parts   of  America     Inc.
                                            517,117         11,392
        Tupperware      Brands    Corp.
                                           1,318,193          11,310
     *
        Vista   Outdoor     Inc.
                                           1,476,522          11,044
        Johnson     Outdoors     Inc.   Class   A
                                            143,760         11,026
     *
        Beazer    Homes   USA  Inc.
                                            770,090         10,881
     *
        Fossil    Group   Inc.
                                           1,283,633          10,115
                                  63/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Clarus    Corp.
                                            714,557          9,689
        Movado    Group   Inc.
                                            443,817          9,649
     *
        Unifi   Inc.
                                            359,769          9,088
     *
        Modine    Manufacturing        Co.
                                           1,178,722           9,076
     *
        MasterCraft       Boat   Holdings     Inc.
                                            553,293          8,714
     *
        Seneca    Foods   Corp.   Class   A
                                            206,433          8,420
        Alico   Inc.
                                            234,274          8,394
     *,^
        Funko   Inc.   Class   A
                                            483,902          8,304
     *
        Arlo   Technologies       Inc.
                                           1,927,657           8,115
        Limoneira      Co.
                                            420,319          8,083
     *
        Green   Brick   Partners     Inc.
                                            661,222          7,591
     *
        Vera   Bradley     Inc.
                                            642,798          7,585
        Hooker    Furniture      Corp.
                                            273,488          7,026
     *
        Farmer    Brothers     Co.
                                            424,072          6,387
     *
        Lifevantage       Corp.
                                            407,875          6,367
        Turning     Point   Brands    Inc.
                                            222,195          6,355
        Oil-Dri     Corp.   of  America
                                            173,554          6,291
        Rocky   Brands    Inc.
                                            213,146          6,273
     *
        Delta   Apparel     Inc.
                                            197,895          6,155
     *
        ZAGG   Inc.
                                            756,831          6,138
     *,^
        Akoustis     Technologies       Inc.
                                            751,230          6,010
     *
        Craft   Brew   Alliance     Inc.
                                            331,080          5,463
        Titan   International        Inc.
                                           1,419,716           5,139
        Culp   Inc.
                                            376,330          5,126
     *
        Veru   Inc.
                                           1,418,778           4,753
        Weyco   Group   Inc.
                                            175,151          4,633
        Bassett     Furniture      Industries      Inc.
                                            259,296          4,325
        Flexsteel      Industries      Inc.
                                            205,657          4,097
     *,^
        22nd   Century     Group   Inc.
                                           3,650,521           4,016
     *
        XPEL   Inc.
                                            269,519          3,948
     *,^
        Celsius     Holdings     Inc.
                                            794,634          3,838
     *,^
        Revlon    Inc.   Class   A
                                            177,875          3,810
        Superior     Group   of  Cos.   Inc.
                                            281,058          3,806
     *,^
        Lovesac     Co.
                                            229,480          3,683
        Hamilton     Beach   Brands    Holding     Co.  Class   A
                                            192,248          3,672
     *,^
        Eastman     Kodak   Co.
                                            742,241          3,451
        Strattec     Security     Corp.
                                            154,397          3,429
     *,^
        New  Age  Beverages      Corp.
                                           1,696,362           3,087
        Marine    Products     Corp.
                                            201,101          2,896
     *
        Lakeland     Industries      Inc.
                                            256,793          2,773
     *
        Legacy    Housing     Corp.
                                            163,128          2,714
     *,^
        Hovnanian      Enterprises       Inc.   Class   A
                                            107,089          2,235
     *
        Nature's     Sunshine     Products     Inc.
                                            242,920          2,169
        Lifetime     Brands    Inc.
                                            304,548          2,117
     *,^
        Pyxus   International        Inc.
                                            225,769          2,018
        Escalade     Inc.
                                            203,212          1,998
     *
        Shiloh    Industries      Inc.
                                            465,350          1,657
        Acme   United    Corp.
                                             67,139         1,597
        Rocky   Mountain     Chocolate      Factory     Inc.
                                            162,523          1,500
                                  64/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Natural     Alternatives       International        Inc.
                                            185,746          1,482
        Superior     Industries      International        Inc.
                                            392,385          1,448
     *,^
        Vuzix   Corp.
                                            699,898          1,407
        Kewaunee     Scientific      Corp.
                                             97,556         1,312
     *
        Core   Molding     Technologies       Inc.
                                            379,867          1,235
     *
        Garrett     Motion    Inc.
                                            108,767          1,087
     *
        Coffee    Holding     Co.  Inc.
                                            230,234          1,059
     *
        Vince   Holding     Corp.
                                             60,190         1,042
     *
        RiceBran     Technologies
                                            695,111          1,022
     *
        Centric     Brands    Inc.
                                            424,318           921
     *
        S&W  Seed   Co.
                                            431,256           906
     *
        US  Auto   Parts   Network     Inc.
                                            410,256           903
     *
        Bridgford      Foods   Corp.
                                             34,961          867
     *
        Charles     & Colvard     Ltd.
                                            609,632           866
     *,^
        cbdMD   Inc.
                                            353,500           799
        Crown   Crafts    Inc.
                                            113,860           700
                                  65/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        New  Home   Co.  Inc.
                                            136,011           634
     *
        Reed's    Inc.
                                            681,674           620
        Mannatech      Inc.
                                             37,357          585
     *
        Libbey    Inc.
                                            385,864           560
     *
        Tandy   Leather     Factory     Inc.
                                             93,624          535
     *
        LS  Starrett     Co.  Class   A
                                             85,681          490
     *
        Willamette      Valley    Vineyards      Inc.
                                             66,863          463
     *
        Nautilus     Inc.
                                            225,288           394
     *,^
        Sequential      Brands    Group   Inc.
                                            860,887           295
     *,^
        Innovate     Biopharmaceuticals           Inc.
                                            514,938           287
     *,^
        JAKKS   Pacific     Inc.
                                            260,169           268
        Jerash    Holdings     US  Inc.
                                             41,854          245
     *
        Lipocine     Inc.
                                            618,404           238
        CompX   International        Inc.
                                             12,502          182
     *
        Greenlane      Holdings     Inc.   Class   A
                                             56,000          182
        P&F  Industries      Inc.   Class   A
                                             19,462          134
     *
        Zedge   Inc.   Class   B
                                             81,694          126
        Unique    Fabricating       Inc.
                                             25,425           98
     *
        Lifeway     Foods   Inc.
                                             43,222           86
     *,^
        Nova   Lifestyle      Inc.
                                             45,062           83
        Ocean   Bio-Chem     Inc.
                                             24,882           82
     *
        Koss   Corp.
                                             17,870           28
     *
        Hovnanian      Enterprises       Inc.   Class   B
                                              772         16
     *
        Cyanotech      Corp.
                                              600          1
     *
        Emerson     Radio   Corp.
                                                        -
                                              432
                                                   70,784,788
     消費者サービス         (13.2   ％ )
     *
        Amazon.com      Inc.
                                          11,871,374         21,936,400
        Walt   Disney    Co.
                                          50,771,905         7,343,141
        Home   Depot   Inc.
                                          30,725,148         6,709,758
        Comcast     Corp.   Class   A
                                          127,898,595          5,751,600
        Walmart     Inc.
                                          40,068,176         4,761,702
        McDonald's      Corp.
                                          21,217,409         4,192,772
     *
        Netflix     Inc.
                                          12,347,098         3,995,150
        Costco    Wholesale      Corp.
                                          12,386,682         3,640,694
        Starbucks      Corp.
                                          31,609,975         2,779,149
        CVS  Health    Corp.
                                          36,634,757         2,721,596
        Lowe's    Cos.   Inc.
                                          21,739,946         2,603,576
     *
        Booking     Holdings     Inc.
                                           1,179,201         2,421,760
     *
        Charter     Communications         Inc.   Class   A
                                           4,235,727         2,054,666
        TJX  Cos.   Inc.
                                          30,660,288         1,872,117
        Target    Corp.
                                          14,275,583         1,830,272
        Walgreens      Boots   Alliance     Inc.
                                          21,390,905         1,261,208
        Ross   Stores    Inc.
                                          10,195,715         1,186,985
        Sysco   Corp.
                                          13,666,686         1,169,048
        Dollar    General     Corp.
                                           7,247,345         1,130,441
        Marriott     International        Inc.   Class   A
                                           7,370,676         1,116,141
        Delta   Air  Lines   Inc.
                                          16,395,146          958,788
     *
        O'Reilly     Automotive      Inc.
                                           2,132,320          934,511
                                  66/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Hilton    Worldwide      Holdings     Inc.
                                           7,948,107          881,525
        Yum!   Brands    Inc.
                                           8,528,835          859,110
     *
        Uber   Technologies       Inc.
                                          28,840,617          857,720
     *
        AutoZone     Inc.
                                            671,407         799,854
        eBay   Inc.
                                          21,788,419          786,780
        Las  Vegas   Sands   Corp.
                                          10,822,395          747,178
        Southwest      Airlines     Co.
                                          13,344,157          720,318
        McKesson     Corp.
                                           5,078,274          702,427
     *
        Chipotle     Mexican     Grill   Inc.   Class   A
                                            782,580         655,106
        Kroger    Co.
                                          22,585,591          654,756
        ViacomCBS      Inc.   Class   B
                                          15,384,339          645,681
        Royal   Caribbean      Cruises     Ltd.
                                           4,718,677          629,991
     *
        Dollar    Tree   Inc.
                                           6,663,816          626,732
     *
        Liberty     Broadband      Corp.
                                           4,550,701          572,251
        Carnival     Corp.
                                          11,119,249          565,191
                                  67/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Best   Buy  Co.  Inc.
                                           6,315,011          554,458
     *
        Copart    Inc.
                                           5,882,191          534,926
     *
        United    Airlines     Holdings     Inc.
                                           6,055,305          533,412
        Omnicom     Group   Inc.
                                           6,118,427          495,715
        MGM  Resorts     International
                                          13,038,878          433,803
        Tiffany     & Co.
                                           3,212,118          429,300
     *
        Burlington      Stores    Inc.
                                           1,866,332          425,580
        Expedia     Group   Inc.
                                           3,925,090          424,459
     *
        CarMax    Inc.
                                           4,635,371          406,383
     *
        Ulta   Beauty    Inc.
                                           1,574,650          398,607
        Darden    Restaurants       Inc.
                                           3,454,243          376,547
        Fox  Corp.   Class   A
                                           9,785,229          362,738
        Wynn   Resorts     Ltd.
                                           2,570,243          356,930
     *
        Norwegian      Cruise    Line   Holdings     Ltd.
                                           6,004,062          350,697
        AmerisourceBergen          Corp.   Class   A
                                           4,066,100          345,700
        Domino's     Pizza   Inc.
                                           1,152,286          338,519
     *
        Roku   Inc.
                                           2,449,406          327,975
        American     Airlines     Group   Inc.
                                          11,115,509          318,793
        Tractor     Supply    Co.
                                           3,338,429          311,943
        Aramark
                                           7,016,113          304,499
        Advance     Auto   Parts   Inc.
                                           1,856,949          297,409
     *
        Trade   Desk   Inc.   Class   A
                                           1,121,728          291,402
        FactSet     Research     Systems     Inc.
                                           1,069,290          286,891
     *
        Live   Nation    Entertainment        Inc.
                                           3,896,810          278,505
     *
        Discovery      Inc.   Series    C
                                           9,032,085          275,388
        Vail   Resorts     Inc.
                                           1,131,853          271,452
        Interpublic       Group   of  Cos.   Inc.
                                          10,866,228          251,010
     *
        Bright    Horizons     Family    Solutions      Inc.
                                           1,637,320          246,073
     *
        Liberty     Media   Corp-Liberty       Formula     One
                                           5,313,118          244,217
     *
        Altice    USA  Inc.   Class   A
                                           8,905,128          243,466
     *
        Lyft   Inc.   Class   A
                                           5,658,550          243,431
     *
        DISH   Network     Corp.   Class   A
                                           6,752,869          239,524
        Alaska    Air  Group   Inc.
                                           3,480,301          235,790
        Kohl's    Corp.
                                           4,491,114          228,822
     ^
        Sirius    XM  Holdings     Inc.
                                          31,259,886          223,508
        Service     Corp.   International
                                           4,853,434          223,404
        Cable   One  Inc.
                                            144,837         215,586
     *
        Caesars     Entertainment        Corp.
                                          15,217,209          206,954
        Nielsen     Holdings     plc
                                          10,019,981          203,406
     *
        Five   Below   Inc.
                                           1,568,973          200,609
     *
        Liberty     Media   Corp-Liberty       SiriusXM     Class   C
                                           4,146,713          199,623
        News   Corp.   Class   A
                                          13,801,624          195,155
     *
        IAA  Inc.
                                           3,755,409          176,730
        Dunkin'     Brands    Group   Inc.
                                           2,325,778          175,689
        Sabre   Corp.
                                           7,727,133          173,397
     *
        Planet    Fitness     Inc.   Class   A
                                           2,313,551          172,776
        Fox  Corp.   Class   B
                                           4,694,987          170,898
     *
        Performance       Food   Group   Co.
                                           3,291,900          169,467
        Wyndham     Hotels    & Resorts     Inc.
                                           2,692,968          169,145
                                  68/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Casey's     General     Stores    Inc.
                                           1,029,572          163,692
     ^
        Williams-Sonoma         Inc.
                                           2,178,915          160,020
     *,^
        Discovery      Inc.   Series    A
                                           4,823,340          157,916
     *
        JetBlue     Airways     Corp.
                                           8,151,936          152,604
     *
        Madison     Square    Garden    Co.  Class   A
                                            516,109         151,834
     *
        ServiceMaster        Global    Holdings     Inc.
                                           3,830,786          148,098
     *
        Etsy   Inc.
                                           3,341,016          148,007
        Macy's    Inc.
                                           8,677,875          147,524
        Nexstar     Media   Group   Inc.   Class   A
                                           1,225,259          143,662
        Gap  Inc.
                                           7,855,961          138,893
        Rollins     Inc.
                                           4,186,178          138,814
        H&R  Block   Inc.
                                           5,652,542          132,722
        Wyndham     Destinations       Inc.
                                           2,546,903          131,649
        Churchill      Downs   Inc.
                                            956,863         131,282
     *,^
        Carvana     Co.  Class   A
                                           1,422,556          130,946
                                  69/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Grand   Canyon    Education      Inc.
                                           1,359,164          130,194
        Marriott     Vacations      Worldwide      Corp.
                                           1,010,047          130,054
        New  York   Times   Co.  Class   A
                                           3,962,669          127,479
     *
        GrubHub     Inc.
                                           2,569,600          124,985
     ^
        Nordstrom      Inc.
                                           3,050,761          124,868
     *
        Liberty     Media   Corp-Liberty       SiriusXM     Class   A
                                           2,578,049          124,623
     *
        Chegg   Inc.
                                           3,244,092          122,984
        L Brands    Inc.
                                           6,603,789          119,661
        Dolby   Laboratories       Inc.   Class   A
                                           1,717,780          118,183
        Foot   Locker    Inc.
                                           3,020,365          117,764
     *
        Floor   & Decor   Holdings     Inc.   Class   A
                                           2,276,675          115,678
        Wendy's     Co.
                                           5,175,892          114,957
     *
        frontdoor      Inc.
                                           2,371,337          112,449
     *
        AutoNation      Inc.
                                           2,252,895          109,558
        Aaron's     Inc.
                                           1,898,105          108,401
        Texas   Roadhouse      Inc.   Class   A
                                           1,865,456          105,062
        Choice    Hotels    International        Inc.
                                           1,009,443          104,407
     *,^
        Eldorado     Resorts     Inc.
                                           1,737,193          103,606
     ^
        Cracker     Barrel    Old  Country     Store   Inc.
                                            670,476         103,079
        TEGNA   Inc.
                                           6,091,391          101,665
        Six  Flags   Entertainment        Corp.
                                           2,246,343          101,333
        Cinemark     Holdings     Inc.
                                           2,989,667          101,200
     *
        Ollie's     Bargain     Outlet    Holdings     Inc.
                                           1,514,283          98,898
     *
        Murphy    USA  Inc.
                                            824,488         96,465
        AMERCO
                                            247,196         92,901
     *
        Qurate    Retail    Group   Inc.   QVC  Group   Class   A
                                          11,003,782           92,762
        Strategic      Education      Inc.
                                            581,630         92,421
        TripAdvisor       Inc.
                                           3,024,365          91,880
        Morningstar       Inc.
                                            600,381         90,844
     *,^
        RH
                                            420,946         89,872
        Lithia    Motors    Inc.   Class   A
                                            609,966         89,665
        Hyatt   Hotels    Corp.   Class   A
                                            998,255         89,553
     *
        BJ's   Wholesale      Club   Holdings     Inc.
                                           3,867,212          87,940
     *
        LiveRamp     Holdings     Inc.
                                           1,817,524          87,368
        SkyWest     Inc.
                                           1,348,608          87,161
     ^
        World   Wrestling      Entertainment        Inc.   Class   A
                                           1,338,806          86,848
        Dick's    Sporting     Goods   Inc.
                                           1,708,485          84,553
     *
        Hilton    Grand   Vacations      Inc.
                                           2,409,284          82,855
     *
        Penn   National     Gaming    Inc.
                                           3,116,455          79,657
        KAR  Auction     Services     Inc.
                                           3,640,234          79,321
     *
        Spirit    Airlines     Inc.
                                           1,936,542          78,062
     *
        Cargurus     Inc.
                                           2,190,803          77,072
        Extended     Stay   America     Inc.
                                           5,161,078          76,694
        Graham    Holdings     Co.  Class   B
                                            115,792         73,990
        Wingstop     Inc.
                                            826,925         71,306
     *
        National     Vision    Holdings     Inc.
                                           2,197,486          71,264
        Monro   Inc.
                                            894,669         69,963
     *
        Simply    Good   Foods   Co.
                                           2,401,388          68,536
     *
        Yelp   Inc.   Class   A
                                           1,895,200          66,010
                                  70/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Boyd   Gaming    Corp.
                                           2,191,712          65,620
        John   Wiley   & Sons   Inc.   Class   A
                                           1,346,781          65,346
     *
        Sprouts     Farmers     Market    Inc.
                                           3,338,689          64,604
        Allegiant      Travel    Co.  Class   A
                                            365,445         63,602
        American     Eagle   Outfitters      Inc.
                                           4,305,376          63,289
        Hillenbrand       Inc.
                                           1,851,769          61,682
     *
        Asbury    Automotive      Group   Inc.
                                            538,214         60,167
     *
        Sally   Beauty    Holdings     Inc.
                                           3,282,607          59,908
        Sinclair     Broadcast      Group   Inc.   Class   A
                                           1,790,781          59,705
     ^
        Bed  Bath   & Beyond    Inc.
                                           3,379,594          58,467
     *
        Laureate     Education      Inc.   Class   A
                                           3,249,528          57,224
     *
        Adtalem     Global    Education      Inc.
                                           1,558,503          54,501
        Bloomin'     Brands    Inc.
                                           2,449,200          54,054
     *
        Gray   Television      Inc.
                                           2,479,178          53,154
        Jack   in  the  Box  Inc.
                                            663,708         51,789
                                  71/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        WW  International        Inc.
                                           1,320,604          50,460
     *
        Avis   Budget    Group   Inc.
                                           1,537,057          49,555
        Group   1 Automotive      Inc.
                                            494,697         49,470
     *
        Shake   Shack   Inc.   Class   A
                                            807,999         48,132
     *
        AMC  Networks     Inc.   Class   A
                                           1,194,360          47,177
        PriceSmart      Inc.
                                            657,878         46,722
     *
        Urban   Outfitters      Inc.
                                           1,652,154          45,880
     *
        SeaWorld     Entertainment        Inc.
                                           1,443,859          45,785
        Red  Rock   Resorts     Inc.   Class   A
                                           1,903,807          45,596
        Penske    Automotive      Group   Inc.
                                            902,068         45,302
        Brinker     International        Inc.
                                           1,062,550          44,627
        Cheesecake      Factory     Inc.
                                           1,139,835          44,294
     *
        Hertz   Global    Holdings     Inc.
                                           2,803,117          44,149
        Papa   John's    International        Inc.
                                            675,134         42,635
        Office    Depot   Inc.
                                          15,349,532           42,058
     *
        Scientific      Games   Corp.
                                           1,569,435          42,029
     *
        2U  Inc.
                                           1,702,372          40,840
        Viad   Corp.
                                            588,048         39,693
        Rent-A-Center        Inc.
                                           1,365,097          39,369
        Dine   Brands    Global    Inc.
                                            462,475         38,626
     *
        Stamps.com      Inc.
                                            459,126         38,346
     *,^
        Stitch    Fix  Inc.   Class   A
                                           1,479,844          37,973
        Hawaiian     Holdings     Inc.
                                           1,273,863          37,311
     *
        Career    Education      Corp.
                                           2,014,485          37,046
     *
        Liberty     Media   Corp-Liberty       Formula     One  Class   A
                                            817,228         35,778
     *
        Boot   Barn   Holdings     Inc.
                                            798,229         35,545
     *
        Chewy   Inc.
                                           1,223,246          35,474
        Dave   & Buster's     Entertainment        Inc.
                                            875,757         35,179
        Meredith     Corp.
                                           1,074,843          34,900
        Core-Mark      Holding     Co.  Inc.
                                           1,265,344          34,405
     *
        Herc   Holdings     Inc.
                                            683,570         33,454
        Matthews     International        Corp.   Class   A
                                            869,499         33,189
     *
        Groupon     Inc.   Class   A
                                          13,775,955           32,925
     *,^
        Trupanion      Inc.
                                            857,148         32,109
     *
        Denny's     Corp.
                                           1,611,851          32,044
        Signet    Jewelers     Ltd.
                                           1,454,412          31,619
        Big  Lots   Inc.
                                           1,096,533          31,492
     *,^
        Peloton     Interactive       Inc.   Class   A
                                           1,091,899          31,010
     *
        Liberty     Media   Corp-Liberty       Braves    Class   C
                                           1,048,151          30,962
        Abercrombie       & Fitch   Co.
                                           1,712,497          29,609
     *
        Clear   Channel     Outdoor     Holdings     Inc.
                                          10,044,097           28,726
     *
        Grocery     Outlet    Holding     Corp.
                                            880,523         28,573
     *
        Liberty     Broadband      Corp.   Class   A
                                            228,766         28,495
        Designer     Brands    Inc.   Class   A
                                           1,777,282          27,974
     *
        Chefs'    Warehouse      Inc.
                                            712,966         27,171
     *,^
        Accel   Entertainment        Inc.
                                           2,138,642          26,733
     *
        SP  Plus   Corp.
                                            628,299         26,659
        Caleres     Inc.
                                           1,113,964          26,457
     ^
        Children's      Place   Inc.
                                            415,704         25,990
                                  72/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Lions   Gate   Entertainment        Corp.   Class   B
                                           2,575,081          25,571
        Guess?    Inc.
                                           1,121,622          25,102
     *,^
        iHeartMedia       Inc.   Class   A
                                           1,470,187          24,846
     *
        Upwork    Inc.
                                           2,225,071          23,742
        Scholastic      Corp.
                                            617,255         23,733
     *,^
        Lions   Gate   Entertainment        Corp.   Class   A
                                           2,220,255          23,668
        EW  Scripps     Co.  Class   A
                                           1,477,545          23,212
     *
        Cars.com     Inc.
                                           1,886,436          23,052
     ^
        Buckle    Inc.
                                            844,423         22,833
     ^
        Rite   Aid  Corp.
                                           1,450,387          22,437
     *
        K12  Inc.
                                           1,073,754          21,851
     *
        MSG  Networks     Inc.
                                           1,233,107          21,456
        Marcus    Corp.
                                            658,587         20,923
     *
        QuinStreet      Inc.
                                           1,356,201          20,763
        Gannett     Co.  Inc.
                                           3,150,801          20,102
                                  73/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Zumiez    Inc.
                                            576,061         19,897
        BJ's   Restaurants       Inc.
                                            521,034         19,778
     ^
        Dillard's      Inc.   Class   A
                                            267,614         19,664
     *
        Quotient     Technology      Inc.
                                           1,971,330          19,437
     *
        America's      Car-Mart     Inc.
                                            175,260         19,219
     *
        Genesco     Inc.
                                            398,620         19,102
        Ingles    Markets     Inc.   Class   A
                                            396,996         18,861
        Sonic   Automotive      Inc.   Class   A
                                            607,737         18,840
     *
        ANGI   Homeservices       Inc.   Class   A
                                           2,204,341          18,671
     *
        Michaels     Cos.   Inc.
                                           2,249,893          18,202
     *
        Providence      Service     Corp.
                                            304,886         18,043
     *
        Houghton     Mifflin     Harcourt     Co.
                                           2,845,268          17,783
     *
        TechTarget      Inc.
                                            680,862         17,770
        Weis   Markets     Inc.
                                            429,300         17,382
        Ruth's    Hospitality       Group   Inc.
                                            749,333         16,309
     *
        Monarch     Casino    & Resort    Inc.
                                            326,726         15,863
        National     CineMedia      Inc.
                                           2,134,955          15,564
        Entercom     Communications         Corp.   Class   A
                                           3,353,791          15,562
     *
        Digital     Turbine     Inc.
                                           2,120,315          15,118
     ^
        GameStop     Corp.   Class   A
                                           2,403,724          14,615
     *
        BrightView      Holdings     Inc.
                                            857,548         14,467
     *,^
        HF  Foods   Group   Inc.
                                            741,848         14,466
     *
        Hibbett     Sports    Inc.
                                            505,798         14,183
        SpartanNash       Co.
                                            987,351         14,060
     *
        Liberty     TripAdvisor       Holdings     Inc.   Class   A
                                           1,850,423          13,601
     *
        Lindblad     Expeditions       Holdings     Inc.
                                            817,923         13,373
     *
        TrueCar     Inc.
                                           2,753,015          13,077
        Carriage     Services     Inc.   Class   A
                                            501,308         12,833
     *
        Regis   Corp.
                                            710,261         12,692
        Winmark     Corp.
                                             64,003         12,692
        Chico's     FAS  Inc.
                                           3,327,478          12,678
     ^
        PetMed    Express     Inc.
                                            537,791         12,649
     *
        United    Natural     Foods   Inc.
                                           1,395,922          12,228
     *
        Red  Robin   Gourmet     Burgers     Inc.
                                            368,581         12,171
     *
        American     Public    Education      Inc.
                                            432,743         11,853
     *
        MarineMax      Inc.
                                            674,689         11,261
     *
        Rubicon     Project     Inc.
                                           1,373,422          11,207
     *
        Chuy's    Holdings     Inc.
                                            425,455         11,028
     *
        Care.com     Inc.
                                            704,764         10,593
     ^
        AMC  Entertainment        Holdings     Inc.   Class   A
                                           1,458,982          10,563
     ^
        Twin   River   Worldwide      Holdings     Inc.
                                            411,519         10,555
     *
        Avid   Technology      Inc.
                                           1,218,377          10,454
        Cato   Corp.   Class   A
                                            595,368         10,359
     *
        1-800-Flowers.com          Inc.   Class   A
                                            684,361          9,923
        Haverty     Furniture      Cos.   Inc.
                                            491,867          9,916
     *
        Sportsman's       Warehouse      Holdings     Inc.
                                           1,220,098           9,797
     ^
        Shoe   Carnival     Inc.
                                            251,857          9,389
     *
        Express     Inc.
                                           1,921,945           9,360
     *
        PlayAGS     Inc.
                                            769,543          9,335
                                  74/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Clean   Energy    Fuels   Corp.
                                           3,934,637           9,207
     *,^
        RealReal     Inc.
                                            485,761          9,157
     *
        Golden    Entertainment        Inc.
                                            474,703          9,124
     *,^
        JC  Penney    Co.  Inc.
                                           7,959,422           8,915
        Tilly's     Inc.   Class   A
                                            703,310          8,616
        Tribune     Publishing      Co.
                                            646,469          8,508
     *
        comScore     Inc.
                                           1,720,013           8,497
     *
        At  Home   Group   Inc.
                                           1,523,248           8,378
        News   Corp.   Class   B
                                            574,954          8,343
     *
        Liberty     Media   Corp-Liberty       Braves    Class   A
                                            270,973          8,034
     *
        Cumulus     Media   Inc.   Class   A
                                            451,713          7,937
     *
        El  Pollo   Loco   Holdings     Inc.
                                            516,852          7,825
        Citi   Trends    Inc.
                                            334,520          7,734
     *
        Titan   Machinery      Inc.
                                            522,316          7,720
     *
        Century     Casinos     Inc.
                                            948,499          7,512
                                  75/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^
        Daily   Journal     Corp.
                                             25,274         7,340
        Collectors      Universe     Inc.
                                            315,174          7,265
     *
        Mesa   Air  Group   Inc.
                                            808,445          7,227
     *,^
        Lumber    Liquidators       Holdings     Inc.
                                            738,755          7,218
        Nathan's     Famous    Inc.
                                            101,682          7,207
     *,^
        Revolve     Group   Inc.
                                            383,941          7,049
     *
        Hemisphere      Media   Group   Inc.   Class   A
                                            472,660          7,019
     *
        Carrols     Restaurant      Group   Inc.
                                            980,852          6,915
        Emerald     Expositions       Events    Inc.
                                            654,750          6,908
     *
        EverQuote      Inc.   Class   A
                                            200,482          6,887
     *
        Drive   Shack   Inc.
                                           1,811,355           6,630
     *
        Del  Taco   Restaurants       Inc.
                                            831,624          6,574
     *
        Reading     International        Inc.   Class   A
                                            532,243          5,956
     *
        Fiesta    Restaurant      Group   Inc.
                                            593,875          5,873
     *
        J Alexander's       Holdings     Inc.
                                            613,284          5,863
        Village     Super   Market    Inc.   Class   A
                                            247,358          5,739
     *
        Habit   Restaurants       Inc.   Class   A
                                            548,441          5,720
     *,^
        GNC  Holdings     Inc.   Class   A
                                           2,097,789           5,664
     *
        Diplomat     Pharmacy     Inc.
                                           1,412,060           5,648
     ^
        Tailored     Brands    Inc.
                                           1,333,636           5,521
     *,^
        Overstock.com        Inc.
                                            780,934          5,506
     *
        Liquidity      Services     Inc.
                                            869,451          5,182
        RCI  Hospitality       Holdings     Inc.
                                            251,776          5,161
     *,^
        Party   City   Holdco    Inc.
                                           2,204,048           5,157
     *
        Noodles     & Co.  Class   A
                                            924,586          5,122
     *
        Boston    Omaha   Corp.   Class   A
                                            232,603          4,894
     *
        MDC  Partners     Inc.   Class   A
                                           1,684,122           4,682
     *
        Conn's    Inc.
                                            374,719          4,643
     *
        Lands'    End  Inc.
                                            263,846          4,433
     *
        Barnes    & Noble   Education      Inc.
                                            954,599          4,076
     *,^
        Stage   Stores    Inc.
                                            491,015          3,987
     *
        Marchex     Inc.   Class   B
                                            968,568          3,661
        Entravision       Communications         Corp.   Class   A
                                           1,329,451           3,483
        Saga   Communications         Inc.   Class   A
                                            114,200          3,472
     *
        Kura   Sushi   USA  Inc.   Class   A
                                            136,273          3,468
     *,^
        Duluth    Holdings     Inc.
                                            311,560          3,281
     *
        Purple    Innovation      Inc.
                                            361,373          3,148
     *
        Tuesday     Morning     Corp.
                                           1,611,057           2,980
     *
        Fluent    Inc.
                                           1,032,518           2,581
     *
        Biglari     Holdings     Inc.
                                             4,283         2,570
     *
        Container      Store   Group   Inc.
                                            563,280          2,377
        Natural     Grocers     by  Vitamin     Cottage     Inc.
                                            229,137          2,262
     *
        Emmis   Communications         Corp.   Class   A
                                            534,159          2,153
     *
        Potbelly     Corp.
                                            502,785          2,122
     *
        Full   House   Resorts     Inc.
                                            626,835          2,100
     *
        Red  Lion   Hotels    Corp.
                                            544,100          2,029
     *,^
        Gaia   Inc.   Class   A
                                            241,937          1,933
        Big  5 Sporting     Goods   Corp.
                                            576,882          1,731
     *
        Leaf   Group   Ltd.
                                            432,519          1,730
                                  76/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Zovio   Inc.   Class   A
                                            809,284          1,667
     *
        Travelzoo
                                            153,651          1,644
     *
        RealNetworks       Inc.
                                           1,309,357           1,571
     *
        Lee  Enterprises       Inc.
                                           1,095,334           1,555
     *
        Biglari     Holdings     Inc.   Class   B
                                             12,371         1,415
     *
        Destination       XL  Group   Inc.
                                           1,098,835           1,407
     *,^
        Alkaline     Water   Co.  Inc.
                                           1,103,203           1,401
     *
        A-Mark    Precious     Metals    Inc.
                                            166,780          1,379
     *,^
        Ascena    Retail    Group   Inc.
                                            179,431          1,375
        CSS  Industries      Inc.
                                            306,943          1,354
     *
        ONE  Group   Hospitality       Inc.
                                            348,465          1,268
     *
        Build-A-Bear       Workshop     Inc.
                                            380,602          1,233
     *,^
        Youngevity      International        Inc.
                                            363,755          1,186
     *
        Urban   One  Inc.
                                            614,875          1,168
        Townsquare      Media   Inc.   Class   A
                                            110,100          1,098
                                  77/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^
        Chicken     Soup   For  The  Soul   Entertainment        Inc.
                                            131,647          1,053
     *,^
        Blink   Charging     Co.
                                            521,114           969
        Value   Line   Inc.
                                             32,972          953
        Ark  Restaurants       Corp.
                                             42,422          942
        Beasley     Broadcast      Group   Inc.   Class   A
                                            297,756           920
     *,^
        iMedia    Brands    Inc.
                                            229,676           916
     *,^
        LiveXLive      Media   Inc.
                                            585,301           904
     *,^
        Francesca's       Holdings     Corp.
                                             81,140          842
     ^
        Pier   1 Imports     Inc.
                                            124,870           799
     *,^
        Blue   Apron   Holdings     Inc.   Class   A
                                            120,849           795
        AH  Belo   Corp.   Class   A
                                            270,109           762
        Educational       Development       Corp.
                                            122,697           758
     *,^
        HyreCar     Inc.
                                            238,994           629
     *
        Profire     Energy    Inc.
                                            396,273           575
     *
        Good   Times   Restaurants       Inc.
                                            350,735           558
     *,^
        SRAX   Inc.   Class   A
                                            204,105           508
     *,^
        VistaGen     Therapeutics       Inc.
                                            735,612           507
     *
        BBQ  Holdings     Inc.
                                            118,073           464
        Canterbury      Park   Holding     Corp.
                                             35,605          442
     *,^
        Net  Element     Inc.
                                            135,845           436
     *,^
        Eastside     Distilling      Inc.
                                            144,325           426
     *,^
        Interpace      Diagnostics       Group   Inc.
                                            846,133           423
     *
        Harte-Hanks       Inc.
                                            104,139           373
     *
        Global    Eagle   Entertainment        Inc.
                                            720,013           360
     *,^
        Stein   Mart   Inc.
                                            499,303           334
        Salem   Media   Group   Inc.   Class   A
                                            220,213           317
     *,^
        Remark    Holdings     Inc.
                                            612,365           315
     *,^
        Waitr   Holdings     Inc.
                                            972,900           313
     *
        RTW  RetailWinds       Inc.
                                            377,613           302
     *,^
        Dolphin     Entertainment        Inc.
                                            427,208           299
     *,^
        Monaker     Group   Inc.
                                            129,486           280
     ^
        J.  Jill   Inc.
                                            217,239           245
     *
        Diversified       Restaurant      Holdings     Inc.
                                            227,068           236
        ViacomCBS      Inc.   Class   A
                                             5,113          229
     *
        AutoWeb     Inc.
                                             91,156          225
     *
        Rave   Restaurant      Group   Inc.
                                            135,922           224
     *,^
        Kirkland's      Inc.
                                            153,618           190
     *
        Luby's    Inc.
                                             66,837          147
     *
        Town   Sports    International        Holdings     Inc.
                                             73,378          125
     *
        Lazydays     Holdings     Inc.
                                             21,194           91
     *,^
        BioHiTech      Global    Inc.
                                             50,469           86
     *
        SPAR   Group   Inc.
                                             51,600           67
     *,^
        FAT  Brands    Inc.
                                             13,323           61
     *
        Live   Ventures     Inc.
                                             3,993          30
        Haverty     Furniture      Cos.   Inc.   Class   A
                                             1,375          28
     *
        Insignia     Systems     Inc.
                                             17,627           13
     *
        Envela    Corp.
                                             5,030           7
     *
        Urban   One  Inc.   Class   A
                                             1,053           2
     *
        iPic   Entertainment        Inc.   Class   A
                                             2,600           -
                                  78/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,§
        Universal      Travel    Group
                                                        -
                                             42,843
                                                  118,719,768
     金融   (19.4   ％ )
     *
        Berkshire      Hathaway     Inc.   Class   B
                                          53,368,129         12,087,881
        JPMorgan     Chase   & Co.
                                          83,026,240         11,573,858
        Visa   Inc.   Class   A
                                          48,235,974         9,063,540
        Bank   of  America     Corp.
                                          228,004,607          8,030,322
        Mastercard      Inc.   Class   A
                                          25,281,635         7,548,843
        Wells   Fargo   & Co.
                                          107,227,939          5,768,863
        Citigroup      Inc.
                                          61,482,908         4,911,870
        American     Tower   Corp.
                                          12,484,411         2,869,167
        US  Bancorp
                                          39,595,924         2,347,642
        Goldman     Sachs   Group   Inc.
                                           9,474,783         2,178,537
        American     Express     Co.
                                          17,296,820         2,153,281
        Truist    Financial      Corp.
                                          37,799,204         2,128,851
                                  79/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        CME  Group   Inc.
                                          10,094,539         2,026,176
        S&P  Global    Inc.
                                           6,882,117         1,879,162
        PNC  Financial      Services     Group   Inc.
                                          11,110,209         1,773,523
        Morgan    Stanley
                                          34,192,250         1,747,908
        Chubb   Ltd.
                                          10,862,406         1,690,842
        Crown   Castle    International        Corp.
                                          11,706,793         1,664,121
        Marsh   & McLennan     Cos.   Inc.
                                          14,224,768         1,584,781
        Prologis     Inc.
                                          17,749,166         1,582,161
        Charles     Schwab    Corp.
                                          32,517,058         1,546,511
        BlackRock      Inc.
                                           3,044,473         1,530,457
        Intercontinental          Exchange     Inc.
                                          15,698,205         1,452,869
        Equinix     Inc.
                                           2,402,827         1,402,530
        Aon  plc
                                           6,602,848         1,375,307
        Capital     One  Financial      Corp.
                                          13,127,500         1,350,951
        American     International        Group   Inc.
                                          24,502,456         1,257,711
        Simon   Property     Group   Inc.
                                           8,217,728         1,224,113
        Progressive       Corp.
                                          16,469,177         1,192,204
        Bank   of  New  York   Mellon    Corp.
                                          23,399,764         1,177,710
        Moody's     Corp.
                                           4,520,726         1,073,266
        Prudential      Financial      Inc.
                                          11,319,728         1,061,111
        Aflac   Inc.
                                          19,676,397         1,040,881
        Blackstone      Group   LP
                                          18,565,943         1,038,579
        Allstate     Corp.
                                           9,096,702         1,022,924
        MetLife     Inc.
                                          19,419,041          989,789
        Travelers      Cos.   Inc.
                                           6,920,701          947,790
        Welltower      Inc.
                                          11,436,887          935,309
        Public    Storage
                                           4,175,599          889,236
        Equity    Residential
                                          10,416,262          842,884
        AvalonBay      Communities       Inc.
                                           3,921,817          822,405
     *
        IHS  Markit    Ltd.
                                          10,718,561          807,644
        State   Street    Corp.
                                           9,739,530          770,397
        SBA  Communications         Corp.   Class   A
                                           3,175,530          765,271
        T.  Rowe   Price   Group   Inc.
                                           6,258,147          762,493
        Discover     Financial      Services
                                           8,839,586          749,774
        Digital     Realty    Trust   Inc.
                                           5,879,999          704,071
        Realty    Income    Corp.
                                           9,172,060          675,339
        Weyerhaeuser       Co.
                                          20,963,730          633,105
        Synchrony      Financial
                                          17,292,967          622,720
        Hartford     Financial      Services     Group   Inc.
                                          10,144,403          616,475
        Fifth   Third   Bancorp
                                          19,997,362          614,719
        Ventas    Inc.
                                          10,484,785          605,391
        Northern     Trust   Corp.
                                           5,680,283          603,473
        M&T  Bank   Corp.
                                           3,534,469          599,976
        Boston    Properties      Inc.
                                           4,345,025          599,005
        Ameriprise      Financial      Inc.
                                           3,573,214          595,226
        MSCI   Inc.   Class   A
                                           2,264,413          584,626
        KeyCorp
                                          27,759,487          561,852
        Essex   Property     Trust   Inc.
                                           1,858,730          559,217
     *
        CBRE   Group   Inc.   Class   A
                                           8,952,887          548,722
                                  80/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Alexandria      Real   Estate    Equities     Inc.
                                           3,237,506          523,116
        Arthur    J Gallagher      & Co.
                                           5,233,799          498,415
        Citizens     Financial      Group   Inc.
                                          12,250,445          497,491
        Healthpeak      Properties      Inc.
                                          14,376,860          495,570
        Cincinnati      Financial      Corp.
                                           4,585,961          482,214
        Equifax     Inc.
                                           3,399,392          476,323
        Regions     Financial      Corp.
                                          27,174,867          466,321
     *
        Arch   Capital     Group   Ltd.
                                          10,801,120          463,260
        Invitation      Homes   Inc.
                                          15,136,422          453,639
        Huntington      Bancshares      Inc.
                                          29,104,025          438,889
        Principal      Financial      Group   Inc.
                                           7,849,143          431,703
        KKR  & Co.  Inc.   Class   A
                                          14,732,492          429,747
     *
        Markel    Corp.
                                            370,856         423,951
        Mid-America       Apartment      Communities       Inc.
                                           3,209,152          423,159
        First   Republic     Bank
                                           3,508,560          412,080
                                  81/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Sun  Communities       Inc.
                                           2,606,223          391,194
        WP  Carey   Inc.
                                           4,847,240          387,973
        MarketAxess       Holdings     Inc.
                                           1,015,174          384,863
        UDR  Inc.
                                           8,226,501          384,178
        Annaly    Capital     Management      Inc.
                                          40,687,377          383,275
        TD  Ameritrade      Holding     Corp.
                                           7,635,768          379,498
        Loews   Corp.
                                           7,156,276          375,633
        Cboe   Global    Markets     Inc.
                                           3,127,672          375,321
        Host   Hotels    & Resorts     Inc.
                                          20,206,626          374,833
        Extra   Space   Storage     Inc.
                                           3,461,371          365,590
     *
        SVB  Financial      Group
                                           1,454,579          365,158
        Duke   Realty    Corp.
                                          10,298,922          357,064
     *
        Berkshire      Hathaway     Inc.   Class   A
                                             1,041       353,513
        Nasdaq    Inc.
                                           3,242,363          347,257
        Equity    LifeStyle      Properties      Inc.
                                           4,864,950          342,444
        Fidelity     National     Financial      Inc.
                                           7,335,493          332,665
        Lincoln     National     Corp.
                                           5,598,331          330,358
        Ally   Financial      Inc.
                                          10,704,738          327,137
        Vornado     Realty    Trust
                                           4,805,900          319,592
        Everest     Re  Group   Ltd.
                                           1,149,925          318,345
        Western     Union   Co.
                                          11,810,817          316,294
        Raymond     James   Financial      Inc.
                                           3,530,127          315,805
     *
        Alleghany      Corp.
                                            386,611         309,123
        Medical     Properties      Trust   Inc.
                                          14,559,970          307,361
        VICI   Properties      Inc.
                                          11,985,671          306,234
        Regency     Centers     Corp.
                                           4,690,065          295,896
        AXA  Equitable      Holdings     Inc.
                                          11,794,818          292,276
        Comerica     Inc.
                                           4,066,342          291,760
        Globe   Life   Inc.
                                           2,763,521          290,861
        E*TRADE     Financial      Corp.
                                           6,373,389          289,161
        Reinsurance       Group   of  America     Inc.   Class   A
                                           1,766,451          288,037
        Camden    Property     Trust
                                           2,706,646          287,175
        VEREIT    Inc.
                                          30,028,604          277,464
        Federal     Realty    Investment      Trust
                                           2,116,560          272,465
        AGNC   Investment      Corp.
                                          15,364,472          271,644
        WR  Berkley     Corp.
                                           3,913,142          270,398
        Apollo    Global    Management      LLC
                                           5,628,222          268,522
        Brown   & Brown   Inc.
                                           6,744,712          266,281
        Liberty     Property     Trust
                                           4,426,700          265,823
        Omega   Healthcare      Investors      Inc.
                                           6,141,374          260,087
        National     Retail    Properties      Inc.
                                           4,832,158          259,100
        Iron   Mountain     Inc.
                                           8,078,247          257,454
        Jones   Lang   LaSalle     Inc.
                                           1,443,149          251,238
        Zions   Bancorp     NA
                                           4,808,423          249,653
        Kilroy    Realty    Corp.
                                           2,971,998          249,351
        SEI  Investments       Co.
                                           3,766,782          246,649
        Gaming    and  Leisure     Properties      Inc.
                                           5,727,401          246,565
        RenaissanceRe        Holdings     Ltd.
                                           1,239,361          242,940
        Kimco   Realty    Corp.
                                          11,302,147          234,067
                                  82/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Voya   Financial      Inc.
                                           3,781,334          230,586
        STORE   Capital     Corp.
                                           5,925,880          220,680
        American     Financial      Group   Inc.
                                           2,004,242          219,765
        Assurant     Inc.
                                           1,666,287          218,417
        Lamar   Advertising       Co.  Class   A
                                           2,423,973          216,364
        Apartment      Investment      & Management      Co.
                                           4,165,848          215,166
        People's     United    Financial      Inc.
                                          12,544,892          212,009
        LPL  Financial      Holdings     Inc.
                                           2,267,543          209,181
        SL  Green   Realty    Corp.
                                           2,269,433          208,515
        CyrusOne     Inc.
                                           3,183,535          208,299
        Douglas     Emmett    Inc.
                                           4,667,679          204,911
        TCF  Financial      Corp.
                                           4,295,641          201,036
        Franklin     Resources      Inc.
                                           7,733,886          200,926
        East   West   Bancorp     Inc.
                                           4,102,967          199,814
        Signature      Bank
                                           1,444,788          197,372
                                  83/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Commerce     Bancshares      Inc.
                                           2,870,875          195,047
     *
        GCI  Liberty     Inc.   Class   A
                                           2,716,856          192,489
        Americold      Realty    Trust
                                           5,424,396          190,179
     *
        Athene    Holding     Ltd.   Class   A
                                           4,012,748          188,720
        American     Homes   ▶ Rent   Class   A
                                           7,197,882          188,656
        New  Residential       Investment      Corp.
                                          11,638,663          187,499
        Invesco     Ltd.
                                          10,261,582          184,503
        Starwood     Property     Trust   Inc.
                                           7,403,948          184,062
        Brixmor     Property     Group   Inc.
                                           8,400,366          181,532
        Prosperity      Bancshares      Inc.
                                           2,523,347          181,403
        Old  Republic     International        Corp.
                                           8,108,341          181,384
        American     Campus    Communities       Inc.
                                           3,845,055          180,833
        Healthcare      Trust   of  America     Inc.   Class   A
                                           5,829,205          176,508
        First   American     Financial      Corp.
                                           2,986,938          174,198
        Park   Hotels    & Resorts     Inc.
                                           6,711,741          173,633
        CubeSmart
                                           5,439,620          171,239
        Cousins     Properties      Inc.
                                           4,134,986          170,361
        Hudson    Pacific     Properties      Inc.
                                           4,348,702          163,729
        Popular     Inc.
                                           2,742,588          161,127
        Cullen/Frost       Bankers     Inc.
                                           1,595,557          156,014
        EPR  Properties
                                           2,192,166          154,855
        Synovus     Financial      Corp.
                                           3,937,053          154,332
        Primerica      Inc.
                                           1,175,626          153,490
        Unum   Group
                                           5,246,971          153,002
        Hanover     Insurance      Group   Inc.
                                           1,114,817          152,362
        New  York   Community      Bancorp     Inc.
                                          12,503,613          150,293
        Western     Alliance     Bancorp
                                           2,608,278          148,672
        First   Industrial      Realty    Trust   Inc.
                                           3,550,695          147,389
        First   Horizon     National     Corp.
                                           8,816,010          145,993
     *
        Howard    Hughes    Corp.
                                           1,147,337          145,482
        Jefferies      Financial      Group   Inc.
                                           6,754,113          144,335
        Rexford     Industrial      Realty    Inc.
                                           3,137,764          143,302
        Radian    Group   Inc.
                                           5,677,635          142,849
        JBG  SMITH   Properties
                                           3,572,115          142,492
        Highwoods      Properties      Inc.
                                           2,911,348          142,394
        EastGroup      Properties      Inc.
                                           1,073,051          142,362
        Life   Storage     Inc.
                                           1,313,712          142,249
        Eaton   Vance   Corp.
                                           3,037,187          141,806
        MGIC   Investment      Corp.
                                           9,826,600          139,243
        Webster     Financial      Corp.
                                           2,596,430          138,545
        Kemper    Corp.
                                           1,778,391          137,825
        Spirit    Realty    Capital     Inc.
                                           2,789,316          137,179
        Essent    Group   Ltd.
                                           2,596,876          135,012
        Axis   Capital     Holdings     Ltd.
                                           2,240,776          133,192
        Blackstone      Mortgage     Trust   Inc.   Class   A
                                           3,560,021          132,504
        Pinnacle     Financial      Partners     Inc.
                                           2,060,264          131,857
     *
        Credit    Acceptance      Corp.
                                            293,331         129,749
        First   Financial      Bankshares      Inc.
                                           3,688,075          129,451
        PacWest     Bancorp
                                           3,330,168          127,446
                                  84/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Healthcare      Realty    Trust   Inc.
                                           3,758,580          125,424
        Assured     Guaranty     Ltd.
                                           2,552,745          125,136
        Valley    National     Bancorp
                                          10,804,590          123,713
        CIT  Group   Inc.
                                           2,691,865          122,830
     *,^
        Zillow    Group   Inc.
                                           2,673,443          122,818
        Lazard    Ltd.   Class   A
                                           3,025,667          120,906
        Rayonier     Inc.
                                           3,679,285          120,533
        Sterling     Bancorp
                                           5,706,002          120,283
        Ryman   Hospitality       Properties      Inc.
                                           1,380,007          119,591
        CoreSite     Realty    Corp.
                                           1,062,923          119,175
        Erie   Indemnity      Co.  Class   A
                                            717,666         119,133
     *
        Brighthouse       Financial      Inc.
                                           3,024,692          118,659
        Glacier     Bancorp     Inc.
                                           2,567,917          118,098
        STAG   Industrial      Inc.
                                           3,701,775          116,865
        FNB  Corp.
                                           9,174,526          116,516
                                  85/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Sabra   Health    Care   REIT   Inc.
                                           5,454,966          116,409
        Wintrust     Financial      Corp.
                                           1,631,747          115,691
        Two  Harbors     Investment      Corp.
                                           7,841,525          114,643
        United    Bankshares      Inc.
                                           2,927,970          113,195
        Service     Properties      Trust
                                           4,634,141          112,749
        Affiliated      Managers     Group   Inc.
                                           1,322,279          112,050
        Stifel    Financial      Corp.
                                           1,835,676          111,334
        IBERIABANK      Corp.
                                           1,480,012          110,749
        Janus   Henderson      Group   plc
                                           4,503,301          110,106
        Umpqua    Holdings     Corp.
                                           6,215,051          110,006
        Bank   of  Hawaii    Corp.
                                           1,145,375          108,994
        Hancock     Whitney     Corp.
                                           2,469,944          108,381
        Selective      Insurance      Group   Inc.
                                           1,662,011          108,346
        Weingarten      Realty    Investors
                                           3,454,055          107,905
     ^
        Macerich     Co.
                                           4,005,424          107,826
        Outfront     Media   Inc.
                                           4,004,425          107,399
        First   Hawaiian     Inc.
                                           3,718,615          107,282
        Bank   OZK
                                           3,494,195          106,590
        SLM  Corp.
                                          11,925,818          106,259
        RLI  Corp.
                                           1,179,005          106,134
        Equity    Commonwealth
                                           3,215,333          105,559
        Chimera     Investment      Corp.
                                           5,119,302          105,253
        Community      Bank   System    Inc.
                                           1,465,641          103,973
        Terreno     Realty    Corp.
                                           1,891,583          102,410
        Physicians      Realty    Trust
                                           5,261,252          99,648
        Pebblebrook       Hotel   Trust
                                           3,708,297          99,419
        Associated      Banc-Corp
                                           4,492,443          99,013
        White   Mountains      Insurance      Group   Ltd.
                                             88,708         98,955
        BankUnited      Inc.
                                           2,703,466          98,839
        Apple   Hospitality       REIT   Inc.
                                           6,004,146          97,567
        Interactive       Brokers     Group   Inc.
                                           2,053,839          95,750
        National     Health    Investors      Inc.
                                           1,171,458          95,450
        MFA  Financial      Inc.
                                          12,356,377           94,526
        FirstCash      Inc.
                                           1,155,899          93,200
        Corporate      Office    Properties      Trust
                                           3,159,891          92,838
        UMB  Financial      Corp.
                                           1,331,926          91,423
        CenterState       Bank   Corp.
                                           3,599,594          89,918
        OneMain     Holdings     Inc.
                                           2,125,028          89,570
        PS  Business     Parks   Inc.
                                            542,103         89,377
        QTS  Realty    Trust   Inc.   Class   A
                                           1,642,200          89,122
        Sunstone     Hotel   Investors      Inc.
                                           6,368,489          88,649
        Federated      Investors      Inc.   Class   B
                                           2,714,520          88,466
        Old  National     Bancorp
                                           4,822,497          88,203
        RLJ  Lodging     Trust
                                           4,860,269          86,124
     *
        Zillow    Group   Inc.   Class   A
                                           1,880,318          86,006
        BancorpSouth       Bank
                                           2,728,540          85,703
        Navient     Corp.
                                           6,244,029          85,418
        Home   BancShares      Inc.
                                           4,304,823          84,633
        Columbia     Banking     System    Inc.
                                           2,058,780          83,761
                                  86/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cathay    General     Bancorp
                                           2,196,445          83,575
        South   State   Corp.
                                            961,753         83,432
        Legg   Mason   Inc.
                                           2,318,148          83,245
        Atlantic     Union   Bankshares      Corp.
                                           2,215,640          83,197
        Retail    Properties      of  America     Inc.
                                           6,143,531          82,323
        Washington      Federal     Inc.
                                           2,235,910          81,946
        Fulton    Financial      Corp.
                                           4,689,494          81,738
        Paramount      Group   Inc.
                                           5,868,631          81,691
        CVB  Financial      Corp.
                                           3,767,828          81,310
        Simmons     First   National     Corp.   Class   A
                                           3,034,204          81,286
        Ameris    Bancorp
                                           1,910,687          81,281
     ^
        Piedmont     Office    Realty    Trust   Inc.   Class   A
                                           3,621,568          80,544
        Independent       Bank   Corp.
                                            962,771         80,151
        Brandywine      Realty    Trust
                                           5,088,899          80,150
     *
        Texas   Capital     Bancshares      Inc.
                                           1,407,790          79,920
                                  87/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Agree   Realty    Corp.
                                           1,130,008          79,293
        PotlatchDeltic         Corp.
                                           1,820,779          78,785
        CNO  Financial      Group   Inc.
                                           4,340,524          78,694
     *
        Cannae    Holdings     Inc.
                                           2,102,625          78,197
        Kennedy-Wilson         Holdings     Inc.
                                           3,487,312          77,767
        Apollo    Commercial      Real   Estate    Finance     Inc.
                                           4,248,041          77,697
        American     Equity    Investment      Life   Holding     Co.
                                           2,546,649          76,221
        Ares   Management      Corp.   Class   A
                                           2,095,914          74,803
        Investors      Bancorp     Inc.
                                           6,181,415          73,652
        Lexington      Realty    Trust   Class   B
                                           6,911,052          73,395
        First   Midwest     Bancorp     Inc.
                                           3,176,886          73,259
        BOK  Financial      Corp.
                                            818,663         71,551
        Empire    State   Realty    Trust   Inc.
                                           5,094,209          71,115
        Columbia     Property     Trust   Inc.
                                           3,378,971          70,654
        United    Community      Banks   Inc.
                                           2,287,977          70,653
        Xenia   Hotels    & Resorts     Inc.
                                           3,237,245          69,957
        International        Bancshares      Corp.
                                           1,622,610          69,886
        Evercore     Inc.   Class   A
                                            927,534         69,342
        First   Financial      Bancorp
                                           2,689,196          68,413
        WesBanco     Inc.
                                           1,792,172          67,726
        Washington      REIT
                                           2,318,644          67,658
     *
        Enstar    Group   Ltd.
                                            325,844         67,404
        WSFS   Financial      Corp.
                                           1,519,893          66,860
     *,^
        LendingTree       Inc.
                                            218,588         66,328
        Invesco     Mortgage     Capital     Inc.
                                           3,973,444          66,158
        First   BanCorp
                                           6,213,020          65,796
        Colony    Capital     Inc.
                                          13,763,198           65,375
     *
        Cushman     & Wakefield      plc
                                           3,146,995          64,325
        American     Assets    Trust   Inc.
                                           1,400,596          64,287
        Urban   Edge   Properties
                                           3,340,623          64,073
     *
        NMI  Holdings     Inc.   Class   A
                                           1,917,694          63,629
        DiamondRock       Hospitality       Co.
                                           5,733,393          63,526
        Cadence     BanCorp     Class   A
                                           3,477,658          63,050
        First   Merchants      Corp.
                                           1,507,513          62,697
     *
        Genworth     Financial      Inc.   Class   A
                                          14,235,998           62,638
        Acadia    Realty    Trust
                                           2,403,283          62,317
        PennyMac     Mortgage     Investment      Trust
                                           2,784,287          62,062
        SITE   Centers     Corp.
                                           4,335,071          60,778
        Argo   Group   International        Holdings     Ltd.
                                            922,684         60,666
        Kinsale     Capital     Group   Inc.
                                            586,069         59,580
        First   Citizens     BancShares      Inc.   Class   A
                                            110,710         58,921
     *
        eHealth     Inc.
                                            609,120         58,524
        CoreCivic      Inc.
                                           3,325,663          57,800
        Newmark     Group   Inc.   Class   A
                                           4,290,825          57,733
        Retail    Opportunity       Investments       Corp.
                                           3,250,606          57,406
        Trustmark      Corp.
                                           1,658,514          57,235
        Houlihan     Lokey   Inc.   Class   A
                                           1,169,950          57,175
        Hannon    Armstrong      Sustainable       Infrastructure         Capital     Inc.
                                           1,774,573          57,106
        CareTrust      REIT   Inc.
                                           2,758,099          56,900
                                  88/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Four   Corners     Property     Trust   Inc.
                                           2,016,398          56,842
        Essential      Properties      Realty    Trust   Inc.
                                           2,286,800          56,736
        National     Storage     Affiliates      Trust
                                           1,681,886          56,545
        Santander      Consumer     USA  Holdings     Inc.
                                           2,416,616          56,476
        Senior    Housing     Properties      Trust
                                           6,681,106          56,389
        ProAssurance       Corp.
                                           1,550,920          56,050
        Great   Western     Bancorp     Inc.
                                           1,613,004          56,036
        Independent       Bank   Group   Inc.
                                            990,948         54,938
        Renasant     Corp.
                                           1,540,719          54,572
        GEO  Group   Inc.
                                           3,285,257          54,568
        Walker    & Dunlop    Inc.
                                            832,225         53,828
        Banner    Corp.
                                            948,643         53,684
        Mack-Cali      Realty    Corp.
                                           2,317,521          53,604
        Pacific     Premier     Bancorp     Inc.
                                           1,611,479          52,542
        Capitol     Federal     Financial      Inc.
                                           3,776,683          51,854
                                  89/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Hope   Bancorp     Inc.
                                           3,465,334          51,495
        Redwood     Trust   Inc.
                                           3,090,579          51,118
        Taubman     Centers     Inc.
                                           1,631,098          50,711
        Global    Net  Lease   Inc.
                                           2,498,266          50,665
        Horace    Mann   Educators      Corp.
                                           1,152,355          50,312
        New  York   Mortgage     Trust   Inc.
                                           8,069,609          50,274
        Towne   Bank
                                           1,805,288          50,223
        First   Interstate      BancSystem      Inc.   Class   A
                                           1,179,299          49,436
        Easterly     Government      Properties      Inc.
                                           2,080,210          49,363
        LTC  Properties      Inc.
                                           1,102,160          49,344
        Heartland      Financial      USA  Inc.
                                            971,669         48,331
        BGC  Partners     Inc.   Class   A
                                           8,132,512          48,307
        Ladder    Capital     Corp.   Class   A
                                           2,673,082          48,222
        Hilltop     Holdings     Inc.
                                           1,931,254          48,146
        Westamerica       Bancorporation
                                            708,555         48,019
        ServisFirst       Bancshares      Inc.
                                           1,273,982          48,004
        FGL  Holdings
                                           4,416,646          47,037
        Northwest      Bancshares      Inc.
                                           2,803,990          46,630
        Kite   Realty    Group   Trust
                                           2,380,269          46,487
     *,^
        Redfin    Corp.
                                           2,195,459          46,412
        NBT  Bancorp     Inc.
                                           1,142,053          46,322
        Artisan     Partners     Asset   Management      Inc.   Class   A
                                           1,420,464          45,909
     *
        PRA  Group   Inc.
                                           1,239,136          44,981
        Broadmark      Realty    Capital     Inc.
                                           3,499,902          44,624
        Moelis    & Co.  Class   A
                                           1,393,451          44,479
     *
        Axos   Financial      Inc.
                                           1,457,887          44,145
        Office    Properties      Income    Trust
                                           1,365,617          43,891
        Uniti   Group   Inc.
                                           5,243,715          43,051
        S&T  Bancorp     Inc.
                                           1,060,643          42,733
        Berkshire      Hills   Bancorp     Inc.
                                           1,292,773          42,506
        Clearway     Energy    Inc.
                                           2,128,617          42,466
        National     General     Holdings     Corp.
                                           1,911,450          42,243
        Eagle   Bancorp     Inc.
                                            865,865         42,107
        Industrial      Logistics      Properties      Trust
                                           1,869,761          41,920
        First   Commonwealth       Financial      Corp.
                                           2,838,194          41,182
        Cohen   & Steers    Inc.
                                            653,257         40,998
        Alexander      & Baldwin     Inc.
                                           1,946,123          40,791
     *
        Seacoast     Banking     Corp.   of  Florida
                                           1,333,315          40,759
        Universal      Health    Realty    Income    Trust
                                            342,966         40,250
        Veritex     Holdings     Inc.
                                           1,380,762          40,222
     ^
        American     Finance     Trust   Inc.
                                           3,031,013          40,191
        Hamilton     Lane   Inc.   Class   A
                                            670,589         39,967
     ^
        Arbor   Realty    Trust   Inc.
                                           2,749,629          39,457
        Park   National     Corp.
                                            385,117         39,428
        Provident      Financial      Services     Inc.
                                           1,584,760          39,064
        Mercury     General     Corp.
                                            792,967         38,641
     ^
        Seritage     Growth    Properties      Class   A
                                            962,199         38,565
     ^
        Tanger    Factory     Outlet    Centers     Inc.
                                           2,616,520          38,541
        Safety    Insurance      Group   Inc.
                                            409,986         37,936
                                  90/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Summit    Hotel   Properties      Inc.
                                           3,048,687          37,621
        Monmouth     Real   Estate    Investment      Corp.
                                           2,548,903          36,908
        Flagstar     Bancorp     Inc.
                                            952,658         36,439
        OceanFirst      Financial      Corp.
                                           1,392,461          35,563
        Independence       Realty    Trust   Inc.
                                           2,522,945          35,523
        Employers      Holdings     Inc.
                                            839,167         35,035
        Virtu   Financial      Inc.   Class   A
                                           2,188,061          34,987
        Meta   Financial      Group   Inc.
                                            957,557         34,960
        First   Busey   Corp.
                                           1,270,891          34,949
        AMERISAFE      Inc.
                                            527,298         34,817
        City   Holding     Co.
                                            424,463         34,785
        Brookline      Bancorp     Inc.
                                           2,093,269          34,455
        Tompkins     Financial      Corp.
                                            370,474         33,898
        OFG  Bancorp
                                           1,434,441          33,867
        RPT  Realty
                                           2,242,400          33,726
                                  91/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Sandy   Spring    Bancorp     Inc.
                                            888,788         33,667
        Kearny    Financial      Corp.
                                           2,380,799          32,926
        Nelnet    Inc.   Class   A
                                            564,578         32,881
        Southside      Bancshares      Inc.
                                            884,646         32,856
        First   Bancorp
                                            817,374         32,621
        James   River   Group   Holdings     Ltd.
                                            791,198         32,605
        Lakeland     Financial      Corp.
                                            661,551         32,370
        TPG  RE  Finance     Trust   Inc.
                                           1,589,340          32,216
        Piper   Jaffray     Cos.
                                            397,500         31,776
        Brookfield      Property     REIT   Inc.   Class   A
                                           1,713,136          31,599
        Colony    Credit    Real   Estate    Inc.
                                           2,395,228          31,521
        TFS  Financial      Corp.
                                           1,596,848          31,426
        BancFirst      Corp.
                                            497,964         31,093
        American     National     Insurance      Co.
                                            263,996         31,067
        Enterprise      Financial      Services     Corp.
                                            637,300         30,724
     ^
        Waddell     & Reed   Financial      Inc.   Class   A
                                           1,837,531          30,724
     ^
        Realogy     Holdings     Corp.
                                           3,170,952          30,695
     *
        Green   Dot  Corp.   Class   A
                                           1,316,167          30,667
        ARMOUR    Residential       REIT   Inc.
                                           1,708,889          30,538
        Getty   Realty    Corp.
                                            924,558         30,390
     *
        LendingClub       Corp.
                                           2,381,425          30,054
     *
        WillScot     Corp.   Class   A
                                           1,602,030          29,622
     *
        Encore    Capital     Group   Inc.
                                            837,105         29,600
        TriCo   Bancshares
                                            715,582         29,203
        National     Bank   Holdings     Corp.   Class   A
                                            826,194         29,099
        Armada    Hoffler     Properties      Inc.
                                           1,496,377          27,459
        Heritage     Financial      Corp.
                                            969,183         27,428
        Stewart     Information       Services     Corp.
                                            669,511         27,309
        Meridian     Bancorp     Inc.
                                           1,355,334          27,229
        NexPoint     Residential       Trust   Inc.
                                            599,487         26,977
        Granite     Point   Mortgage     Trust   Inc.
                                           1,454,702          26,737
     *
        Ambac   Financial      Group   Inc.
                                           1,224,637          26,415
        PennyMac     Financial      Services     Inc.
                                            773,364         26,325
     *
        Triumph     Bancorp     Inc.
                                            683,986         26,005
     *
        Mr  Cooper    Group   Inc.
                                           2,078,305          26,000
        Boston    Private     Financial      Holdings     Inc.
                                           2,113,538          25,426
        Carolina     Financial      Corp.
                                            585,782         25,323
        Investors      Real   Estate    Trust
                                            349,282         25,323
        Community      Healthcare      Trust   Inc.
                                            580,544         24,882
        Chatham     Lodging     Trust
                                           1,351,504          24,787
        United    Fire   Group   Inc.
                                            566,755         24,784
     *
        Focus   Financial      Partners     Inc.   Class   A
                                            834,448         24,591
        PJT  Partners     Inc.
                                            539,897         24,366
        iStar   Inc.
                                           1,674,618          24,299
     ^
        Innovative      Industrial      Properties      Inc.
                                            320,133         24,288
     *
        Marcus    & Millichap      Inc.
                                            649,690         24,201
     2
        Great   Ajax   Corp.
                                           1,620,172          23,995
        Virtus    Investment      Partners     Inc.
                                            193,247         23,522
        German    American     Bancorp     Inc.
                                            657,799         23,431
                                  92/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        TrustCo     Bank   Corp.   NY
                                           2,689,149          23,315
        Franklin     Street    Properties      Corp.
                                           2,721,372          23,295
        Banc   of  California      Inc.
                                           1,342,256          23,060
        ConnectOne      Bancorp     Inc.
                                            894,275         23,001
     *
        HomeStreet      Inc.
                                            668,195         22,719
        Central     Pacific     Financial      Corp.
                                            765,854         22,654
        Capstead     Mortgage     Corp.
                                           2,846,248          22,542
     *
        Enova   International        Inc.
                                            933,414         22,458
     *
        Third   Point   Reinsurance       Ltd.
                                           2,132,962          22,439
        Universal      Insurance      Holdings     Inc.
                                            797,889         22,333
        Stock   Yards   Bancorp     Inc.
                                            542,763         22,286
        Bryn   Mawr   Bank   Corp.
                                            534,627         22,048
        Lakeland     Bancorp     Inc.
                                           1,266,862          22,018
     *
        Columbia     Financial      Inc.
                                           1,276,271          21,620
        Preferred      Bank
                                            347,454         20,879
                                  93/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Northfield      Bancorp     Inc.
                                           1,225,035          20,777
        Univest     Financial      Corp.
                                            774,963         20,754
        Urstadt     Biddle    Properties      Inc.   Class   A
                                            823,862         20,465
        City   Office    REIT   Inc.
                                           1,502,609          20,315
        Clearway     Energy    Inc.   Class   A
                                           1,048,262          20,043
        Washington      Trust   Bancorp     Inc.
                                            371,507         19,983
     *
        INTL.   FCStone     Inc.
                                            405,344         19,793
        Great   Southern     Bancorp     Inc.
                                            310,323         19,650
     *
        St.  Joe  Co.
                                            990,382         19,639
     *
        Allegiance      Bancshares      Inc.
                                            521,500         19,608
        Heritage     Commerce     Corp.
                                           1,525,706          19,575
     *
        MBIA   Inc.
                                           2,087,440          19,413
        Opus   Bank
                                            743,873         19,244
        Alexander's       Inc.
                                             57,701         19,062
        RMR  Group   Inc.   Class   A
                                            414,900         18,936
        New  Senior    Investment      Group   Inc.
                                           2,464,865          18,856
     *
        Palomar     Holdings     Inc.   Class   A
                                            372,067         18,786
        Federal     Agricultural       Mortgage     Corp.
                                            224,286         18,728
        Gladstone      Commercial      Corp.
                                            856,169         18,716
        National     Western     Life   Group   Inc.   Class   A
                                             64,119         18,651
        Brightsphere       Investment      Group   Inc.
                                           1,819,391          18,594
     ^
        Washington      Prime   Group   Inc.
                                           5,071,132          18,459
        Community      Trust   Bancorp     Inc.
                                            392,974         18,328
     *
        Nicolet     Bankshares      Inc.
                                            247,866         18,305
        WisdomTree      Investments       Inc.
                                           3,767,054          18,233
        Horizon     Bancorp     Inc.
                                            956,562         18,175
        Dime   Community      Bancshares      Inc.
                                            866,849         18,108
     *
        TriState     Capital     Holdings     Inc.
                                            689,005         17,997
        Hanmi   Financial      Corp.
                                            892,940         17,854
        First   Foundation      Inc.
                                           1,023,035          17,801
        FB  Financial      Corp.
                                            449,503         17,796
        Camden    National     Corp.
                                            385,338         17,749
        Saul   Centers     Inc.
                                            333,485         17,601
        Ellington      Financial      Inc.
                                            959,630         17,590
     *
        Bancorp     Inc.
                                           1,350,948          17,522
        Origin    Bancorp     Inc.
                                            462,346         17,495
        First   Bancshares      Inc.
                                            485,781         17,255
        UMH  Properties      Inc.
                                           1,089,848          17,143
        First   Defiance     Financial      Corp.
                                            539,964         17,003
        CorEnergy      Infrastructure         Trust   Inc.
                                            379,037         16,947
        Front   Yard   Residential       Corp.
                                           1,372,707          16,939
     *
        Customers      Bancorp     Inc.
                                            704,227         16,768
        Midland     States    Bancorp     Inc.
                                            570,478         16,521
        Safehold     Inc.
                                            409,540         16,504
        Peoples     Bancorp     Inc.
                                            471,617         16,346
        Retail    Value   Inc.
                                            439,531         16,175
        Preferred      Apartment      Communities       Inc.   Class   A
                                           1,208,985          16,104
        CatchMark      Timber    Trust   Inc.   Class   A
                                           1,398,014          16,035
     ^
        Goosehead      Insurance      Inc.   Class   A
                                            374,830         15,893
                                  94/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Global    Medical     REIT   Inc.
                                           1,170,533          15,486
        Hersha    Hospitality       Trust   Class   A
                                           1,061,404          15,443
        Flushing     Financial      Corp.
                                            710,364         15,347
        RE/MAX    Holdings     Inc.   Class   A
                                            398,009         15,319
        CBTX   Inc.
                                            489,071         15,220
        State   Auto   Financial      Corp.
                                            488,283         15,147
        Bridge    Bancorp     Inc.
                                            449,069         15,057
        Whitestone      REIT
                                           1,104,614          15,045
        Mercantile      Bank   Corp.
                                            411,095         14,993
        FBL  Financial      Group   Inc.   Class   A
                                            250,022         14,734
        First   of  Long   Island    Corp.
                                            580,215         14,552
        Ready   Capital     Corp.
                                            936,890         14,447
        Peapack     Gladstone      Financial      Corp.
                                            465,585         14,387
     *
        Watford     Holdings     Ltd.
                                            571,403         14,376
        Western     Asset   Mortgage     Capital     Corp.
                                           1,388,646          14,345
                                  95/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        KKR  Real   Estate    Finance     Trust   Inc.
                                            700,032         14,295
        MidWestOne      Financial      Group   Inc.
                                            394,072         14,277
        Bank   of  Marin   Bancorp
                                            316,070         14,239
        Republic     Bancorp     Inc.Class      A
                                            302,552         14,159
        QCR  Holdings     Inc.
                                            316,914         13,900
        AG  Mortgage     Investment      Trust   Inc.
                                            897,643         13,842
     *
        World   Acceptance      Corp.
                                            159,389         13,771
        United    Community      Financial      Corp.
                                           1,157,599          13,498
        First   Financial      Corp.
                                            292,865         13,390
        Independent       Bank   Corp.
                                            583,890         13,225
        Arrow   Financial      Corp.
                                            347,712         13,144
        Live   Oak  Bancshares      Inc.
                                            687,713         13,073
     *
        Equity    Bancshares      Inc.   Class   A
                                            423,247         13,066
        Orchid    Island    Capital     Inc.
                                           2,224,790          13,015
        First   Community      Bankshares      Inc.
                                            414,894         12,870
        Franklin     Financial      Network     Inc.
                                            371,529         12,755
        HomeTrust      Bancshares      Inc.
                                            472,620         12,680
        Ares   Commercial      Real   Estate    Corp.
                                            766,980         12,149
        People's     Utah   Bancorp
                                            402,090         12,111
        1st  Source    Corp.
                                            232,265         12,050
        CNB  Financial      Corp.
                                            366,289         11,970
     *
        Atlantic     Capital     Bancshares      Inc.
                                            651,803         11,961
        Waterstone      Financial      Inc.
                                            624,917         11,892
     *
        Cowen   Inc.   Class   A
                                            749,220         11,800
        Financial      Institutions       Inc.
                                            365,655         11,738
     *
        Carter    Bank   & Trust
                                            492,232         11,676
        Jernigan     Capital     Inc.
                                            608,815         11,653
        Dynex   Capital     Inc.
                                            687,236         11,642
     2
        Safeguard      Scientifics       Inc.
                                           1,047,764          11,504
        Exantas     Capital     Corp.
                                            969,094         11,445
        Territorial       Bancorp     Inc.
                                            366,975         11,354
     *
        Assetmark      Financial      Holdings     Inc.
                                            388,789         11,283
        American     National     Bankshares      Inc.
                                            284,338         11,251
        Cherry    Hill   Mortgage     Investment      Corp.
                                            766,732         11,187
        Diamond     Hill   Investment      Group   Inc.
                                             78,958         11,090
        One  Liberty     Properties      Inc.
                                            407,809         11,088
        First   Mid  Bancshares      Inc.
                                            313,354         11,046
        CorePoint      Lodging     Inc.
                                            995,106         10,628
        Anworth     Mortgage     Asset   Corp.
                                           3,000,488          10,562
     *
        Hallmark     Financial      Services     Inc.
                                            600,189         10,545
        Byline    Bancorp     Inc.
                                            537,303         10,515
        Bank   First   Corp.
                                            149,945         10,498
        Gladstone      Land   Corp.
                                            803,277         10,418
     *
        Bridgewater       Bancshares      Inc.
                                            746,361         10,285
        Consolidated-Tomoka           Land   Co.
                                            170,147         10,263
        Civista     Bancshares      Inc.
                                            426,141         10,227
        Old  Second    Bancorp     Inc.
                                            759,012         10,224
     *,^
        Amerant     Bancorp     Inc.
                                            465,692         10,147
     ^
        Cambridge      Bancorp
                                            124,988         10,018
                                  96/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Southern     First   Bancshares      Inc.
                                            235,384         10,001
        Southern     Missouri     Bancorp     Inc.
                                            258,554          9,918
        PCSB   Financial      Corp.
                                            485,940          9,840
        Bar  Harbor    Bankshares
                                            387,356          9,835
        Farmers     National     Banc   Corp.
                                            601,079          9,810
        SmartFinancial         Inc.
                                            414,374          9,800
        Sierra    Bancorp
                                            335,418          9,767
        Sculptor     Capital     Management      Inc.   Class   A
                                            440,752          9,741
     *
        EZCORP    Inc.   Class   A
                                           1,423,009           9,705
     *
        Forestar     Group   Inc.
                                            464,800          9,691
        Amalgamated       Bank   Class   A
                                            495,431          9,636
        West   Bancorporation         Inc.
                                            375,002          9,611
        Bluerock     Residential       Growth    REIT   Inc.   Class   A
                                            767,638          9,250
     ^
        Pennsylvania       REIT
                                           1,697,244           9,046
     *
        Spirit    of  Texas   Bancshares      Inc.
                                            393,304          9,046
                                  97/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        FRP  Holdings     Inc.
                                            180,748          9,003
        Ladenburg      Thalmann     Financial      Services     Inc.
                                           2,576,754           8,967
     *
        Entegra     Financial      Corp.
                                            295,918          8,925
        Summit    Financial      Group   Inc.
                                            329,154          8,917
        First   Bancorp     Inc.
                                            291,125          8,801
        Home   Bancorp     Inc.
                                            220,260          8,632
     *
        Greenlight      Capital     Re  Ltd.   Class   A
                                            847,496          8,568
        Guaranty     Bancshares      Inc.
                                            260,285          8,558
        Merchants      Bancorp
                                            430,428          8,484
        Northrim     BanCorp     Inc.
                                            221,302          8,476
        Business     First   Bancshares      Inc.
                                            338,148          8,430
        Plymouth     Industrial      REIT   Inc.
                                            458,102          8,424
        Oppenheimer       Holdings     Inc.   Class   A
                                            303,198          8,332
        RBB  Bancorp
                                            392,341          8,306
        HCI  Group   Inc.
                                            181,763          8,297
     *,^
        Citizens     Inc.   Class   A
                                           1,229,204           8,297
        Central     Valley    Community      Bancorp
                                            380,201          8,239
        Citizens     & Northern     Corp.
                                            290,410          8,204
     ^
        Victory     Capital     Holdings     Inc.   Class   A
                                            391,010          8,199
        MutualFirst       Financial      Inc.
                                            206,400          8,188
     *
        Baycom    Corp.
                                            359,031          8,164
        Peoples     Financial      Services     Corp.
                                            161,962          8,155
        Westwood     Holdings     Group   Inc.
                                            275,303          8,154
        Heritage     Insurance      Holdings     Inc.
                                            611,888          8,108
        Shore   Bancshares      Inc.
                                            464,219          8,059
        Capital     City   Bank   Group   Inc.
                                            263,324          8,031
     *
        BRP  Group   Inc.   Class   A
                                            498,090          7,994
        Western     New  England     Bancorp     Inc.
                                            829,917          7,992
        FS  Bancorp     Inc.
                                            125,271          7,991
        Braemar     Hotels    & Resorts     Inc.
                                            876,108          7,824
     *
        Regional     Management      Corp.
                                            258,969          7,777
        MVB  Financial      Corp.
                                            311,990          7,775
        National     Bankshares      Inc.
                                            171,243          7,694
     *
        Tejon   Ranch   Co.
                                            475,908          7,605
        BankFinancial        Corp.
                                            577,720          7,557
        United    Insurance      Holdings     Corp.
                                            598,408          7,546
     *
        PICO   Holdings     Inc.
                                            677,021          7,528
        Southern     National     Bancorp     of  Virginia     Inc.
                                            460,226          7,525
        SB  One  Bancorp
                                            301,060          7,502
        Hingham     Institution       for  Savings
                                             35,603         7,484
        Farmers     & Merchants      Bancorp     Inc.
                                            247,557          7,464
     *
        Metropolitan       Bank   Holding     Corp.
                                            154,227          7,438
        Capstar     Financial      Holdings     Inc.
                                            444,971          7,409
        BRT  Apartments      Corp.
                                            434,371          7,371
     *
        Howard    Bancorp     Inc.
                                            436,263          7,364
        Marlin    Business     Services     Corp.
                                            332,744          7,314
        First   Bank
                                            659,837          7,291
        PCB  Bancorp
                                            419,108          7,242
        LCNB   Corp.
                                            374,001          7,218
                                  98/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        HarborOne      Bancorp     Inc.
                                            653,951          7,187
        BBX  Capital     Corp.   Class   A
                                           1,504,034           7,174
        Macatawa     Bank   Corp.
                                            639,766          7,121
        First   Choice    Bancorp
                                            263,992          7,117
        Ashford     Hospitality       Trust   Inc.
                                           2,537,647           7,080
        First   Internet     Bancorp
                                            295,014          6,995
        Cedar   Realty    Trust   Inc.
                                           2,365,218           6,977
     *
        Select    Bancorp     Inc.
                                            566,085          6,963
        Enterprise      Bancorp     Inc.
                                            204,665          6,932
        Investar     Holding     Corp.
                                            288,733          6,930
        Greenhill      & Co.  Inc.
                                            399,961          6,831
        First   Business     Financial      Services     Inc.
                                            257,056          6,768
     *
        FVCBankcorp       Inc.
                                            386,956          6,760
     *
        On  Deck   Capital     Inc.
                                           1,618,968           6,703
        Parke   Bancorp     Inc.
                                            260,806          6,622
                                  99/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        First   Northwest      Bancorp
                                            365,157          6,620
        ACNB   Corp.
                                            173,596          6,565
        Century     Bancorp     Inc.   Class   A
                                             72,167         6,492
     *
        Stratus     Properties      Inc.
                                            207,296          6,422
     *
        Richmond     Mutual    Bancorporation         Inc.
                                            401,313          6,405
     *
        International        Money   Express     Inc.
                                            531,850          6,403
     *,^
        eXp  World   Holdings     Inc.
                                            561,770          6,365
        Global    Indemnity      Ltd.
                                            214,746          6,363
        Penns   Woods   Bancorp     Inc.
                                            178,812          6,359
        Bankwell     Financial      Group   Inc.
                                            219,929          6,343
        Investors      Title   Co.
                                             39,001         6,209
        Orrstown     Financial      Services     Inc.
                                            272,978          6,175
     *,^
        Health    Insurance      Innovations       Inc.   Class   A
                                            319,738          6,168
        Ellington      Residential       Mortgage     REIT
                                            568,308          6,166
        Codorus     Valley    Bancorp     Inc.
                                            265,725          6,120
        Arlington      Asset   Investment      Corp.   Class   A
                                           1,078,978           6,010
        Reliant     Bancorp     Inc.
                                            269,772          6,000
     ^
        Farmland     Partners     Inc.
                                            864,500          5,861
        Timberland      Bancorp     Inc.
                                            190,063          5,652
        Clipper     Realty    Inc.
                                            530,809          5,627
        Protective      Insurance      Corp.   Class   B
                                            349,174          5,618
        Bank   of  Princeton
                                            177,561          5,591
        Tiptree     Inc.
                                            673,979          5,486
        Premier     Financial      Bancorp     Inc.
                                            296,554          5,379
        ESSA   Bancorp     Inc.
                                            315,730          5,352
        Bank   of  Commerce     Holdings
                                            461,783          5,343
        Riverview      Bancorp     Inc.
                                            650,394          5,340
        BCB  Bancorp     Inc.
                                            386,500          5,330
        Norwood     Financial      Corp.
                                            135,538          5,272
        Independence       Holding     Co.
                                            123,889          5,213
     *
        Republic     First   Bancorp     Inc.
                                           1,233,160           5,155
        Community      Bankers     Trust   Corp.
                                            579,381          5,145
        Northeast      Bank
                                            228,936          5,034
     *
        Malvern     Bancorp     Inc.
                                            217,730          5,027
        Evans   Bancorp     Inc.
                                            124,332          4,986
        Silvercrest       Asset   Management      Group   Inc.   Class   A
                                            395,459          4,975
        First   United    Corp.
                                            201,916          4,864
     *
        Randolph     Bancorp     Inc.
                                            272,216          4,805
     *
        HBT  Financial      Inc.
                                            252,396          4,793
     ^
        CBL  & Associates      Properties      Inc.
                                           4,481,209           4,705
     *
        Curo   Group   Holdings     Corp.
                                            385,794          4,699
        Unity   Bancorp     Inc.
                                            208,089          4,697
        FedNat    Holding     Co.
                                            281,905          4,688
        C&F  Financial      Corp.
                                             83,746         4,634
     *
        NI  Holdings     Inc.
                                            268,861          4,624
        Community      Financial      Corp.
                                            129,569          4,609
        Chemung     Financial      Corp.
                                            105,532          4,485
     *
        Rafael    Holdings     Inc.   Class   B
                                            247,734          4,420
        South   Plains    Financial      Inc.
                                            209,866          4,380
                                100/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Alerus    Financial      Corp.
                                            191,324          4,372
     *
        Provident      Bancorp     Inc.
                                            344,790          4,293
     *
        Carolina     Trust   Bancshares      Inc.
                                            328,780          4,291
     *
        Esquire     Financial      Holdings     Inc.
                                            163,283          4,257
        Crawford     & Co.  Class   A
                                            367,705          4,218
        Mackinac     Financial      Corp.
                                            237,842          4,153
     *
        ProSight     Global    Inc.
                                            254,996          4,113
     *
        Medallion      Financial      Corp.
                                            552,377          4,016
        1st  Constitution       Bancorp
                                            179,404          3,970
        First   Community      Corp.
                                            183,681          3,969
     *
        Pacific     Mercantile      Bancorp
                                            482,797          3,920
        FNCB   Bancorp     Inc.
                                            459,377          3,882
        Donegal     Group   Inc.   Class   A
                                            257,647          3,818
        Provident      Financial      Holdings     Inc.
                                            173,786          3,806
     *
        Meridian     Corp.
                                            187,838          3,792
                                101/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        OP  Bancorp
                                            364,245          3,777
     *
        Pioneer     Bancorp     Inc.
                                            244,745          3,747
        Two  River   Bancorp
                                            166,206          3,723
        Middlefield       Banc   Corp.
                                            140,636          3,669
        Peoples     Bancorp     of  North   Carolina     Inc.
                                            111,619          3,667
        Pzena   Investment      Management      Inc.   Class   A
                                            422,399          3,641
     ^
        Fidelity     D&D  Bancorp     Inc.
                                             58,152         3,618
     *
        Ocwen   Financial      Corp.
                                           2,627,421           3,600
        Crawford     & Co.  Class   B
                                            350,392          3,556
        Prudential      Bancorp     Inc.
                                            191,884          3,556
     *
        PDL  Community      Bancorp
                                            240,811          3,540
     *
        Elevate     Credit    Inc.
                                            789,118          3,512
        Ohio   Valley    Banc   Corp.
                                             87,025         3,448
     *
        MMA  Capital     Holdings     Inc.
                                            108,138          3,439
     *
        Aspen   Group   Inc.
                                            429,005          3,432
        Hawthorn     Bancshares      Inc.
                                            134,425          3,428
        United    Security     Bancshares
                                            314,496          3,375
     *
        MainStreet      Bancshares      Inc.
                                            146,516          3,370
        First   Financial      Northwest      Inc.
                                            220,880          3,300
     ^
        Federal     Agricultural       Mortgage     Corp.   Class   A
                                             43,002         3,203
        Mid  Penn   Bancorp     Inc.
                                            107,737          3,103
        Standard     AVB  Financial      Corp.
                                            103,063          3,089
        Luther    Burbank     Corp.
                                            267,578          3,085
        First   Guaranty     Bancshares      Inc.
                                            139,318          3,033
        First   Savings     Financial      Group   Inc.
                                             43,991         2,952
     *
        Coastal     Financial      Corp.
                                            178,029          2,932
        Sotherly     Hotels    Inc.
                                            425,491          2,885
        GAMCO   Investors      Inc.   Class   A
                                            146,252          2,850
        Sterling     Bancorp     Inc.
                                            348,264          2,821
        Level   One  Bancorp     Inc.
                                            111,633          2,809
        SB  Financial      Group   Inc.
                                            141,145          2,779
        CB  Financial      Services     Inc.
                                             89,151         2,687
     *
        Capital     Bancorp     Inc.
                                            179,330          2,670
        Bank7   Corp.
                                            137,640          2,610
        Postal    Realty    Trust   Inc.   Class   A
                                            152,391          2,583
        Old  Point   Financial      Corp.
                                             92,255         2,536
        Griffin     Industrial      Realty    Inc.
                                             63,382         2,507
        Condor    Hospitality       Trust   Inc.
                                            226,675          2,502
     ^
        Associated      Capital     Group   Inc.   Class   A
                                             63,741         2,499
        Greene    County    Bancorp     Inc.
                                             85,272         2,455
     *
        Maui   Land   & Pineapple      Co.  Inc.
                                            210,022          2,363
     *
        Atlanticus      Holdings     Corp.
                                            262,005          2,361
     *,^
        GWG  Holdings     Inc.
                                            234,099          2,299
     ^
        Oak  Valley    Bancorp
                                            118,071          2,298
     *,^
        Siebert     Financial      Corp.
                                            263,926          2,283
        Plumas    Bancorp
                                             86,202         2,274
     *
        CrossFirst      Bankshares      Inc.
                                            157,646          2,273
        Hunt   Cos.   Finance     Trust   Inc.
                                            683,836          2,209
     2
        Spirit    MTA  REIT
                                           2,854,330           2,191
                                102/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        First   Western     Financial      Inc.
                                            132,755          2,186
     ^
        Auburn    National     Bancorporation         Inc.
                                             40,857         2,165
     *
        MoneyGram      International        Inc.
                                           1,025,165           2,153
        Union   Bankshares      Inc.
                                             59,239         2,148
     *
        Altisource      Portfolio      Solutions      SA
                                            109,207          2,111
     *
        Silvergate      Capital     Corp.   Class   A
                                            129,856          2,066
     ^
        GAIN   Capital     Holdings     Inc.
                                            461,584          1,823
        AmeriServ      Financial      Inc.
                                            418,188          1,756
        Franklin     Financial      Services     Corp.
                                             42,348         1,638
        Sachem    Capital     Corp.
                                            369,704          1,605
        Severn    Bancorp     Inc.
                                            172,293          1,604
        Eagle   Bancorp     Montana     Inc.
                                             74,805         1,600
        Kingstone      Cos.   Inc.
                                            198,941          1,542
        Global    Self   Storage     Inc.
                                            354,937          1,526
        Manhattan      Bridge    Capital     Inc.
                                            238,332          1,516
                                103/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Blue   Capital     Reinsurance       Holdings     Ltd.
                                            217,080          1,489
        IF  Bancorp     Inc.
                                             61,247         1,410
     *,^
        Oportun     Financial      Corp.
                                             58,828         1,400
     *
        Consumer     Portfolio      Services     Inc.
                                            401,461          1,353
        Hennessy     Advisors     Inc.
                                            131,059          1,321
        Urstadt     Biddle    Properties      Inc.
                                             65,711         1,306
     *,^
        Impac   Mortgage     Holdings     Inc.
                                            244,016          1,284
     *,^
        Rekor   Systems     Inc.
                                            312,786          1,195
     *
        Transcontinental          Realty    Investors      Inc.
                                             29,823         1,189
        Sound   Financial      Bancorp     Inc.
                                             32,178         1,158
     *
        Rhinebeck      Bancorp     Inc.
                                             94,826         1,072
        Manning     & Napier    Inc.
                                            591,269          1,029
     *
        Nicholas     Financial      Inc.
                                            124,481          1,026
     *
        Limestone      Bancorp     Inc.
                                             56,772         1,022
     *
        Ashford     Inc.
                                             42,457         1,002
        Bank   of  South   Carolina     Corp.
                                             52,968          995
     *
        Security     National     Financial      Corp.   Class   A
                                            170,038           995
     *
        Central     Federal     Corp.
                                             69,550          970
     *,^
        Avalon    GloboCare      Corp.
                                            470,565           908
     *
        Maiden    Holdings     Ltd.
                                           1,193,606            895
     ^
        Elmira    Savings     Bank
                                             52,075          786
     *
        FFBW   Inc.
                                             57,872          668
     *,^
        Riot   Blockchain      Inc.
                                            575,200           644
     *
        CBM  Bancorp     Inc.
                                             37,145          524
        County    Bancorp     Inc.
                                             19,769          507
     *,§
        Winthrop     Realty    Trust
                                            562,609           486
        Bank   of  the  James   Financial      Group   Inc.
                                             31,555          482
     *
        Broadway     Financial      Corp.
                                            291,631           449
     *
        HV  Bancorp     Inc.
                                             26,133          444
     *
        Community      First   Bancshares      Inc.
                                             38,693          443
        Ottawa    Bancorp     Inc.
                                             27,877          386
        MSB  Financial      Corp.
                                             19,644          354
        United    Bancorp     Inc.
                                             23,427          335
     *
        Power   REIT
                                             29,103          262
     *
        National     Holdings     Corp.
                                             96,260          245
     *
        InterGroup      Corp.
                                             6,286          234
     *
        FlexShopper       Inc.
                                             86,281          218
     *,^
        Wheeler     REIT   Inc.
                                            128,812           211
        US  Global    Investors      Inc.   Class   A
                                            143,575           207
     *,^
        Altisource      Asset   Management      Corp.
                                             15,364          190
     *
        1347   Property     Insurance      Holdings     Inc.
                                             34,257          189
        WVS  Financial      Corp.
                                             11,419          188
        Medley    Management      Inc.   Class   A
                                             55,034          163
     *
        Income    Opportunity       Realty    Investors      Inc.
                                             12,050          159
        Landmark     Bancorp     Inc.
                                             5,815          146
        Riverview      Financial      Corp.
                                             10,060          126
     *
        JW  Mays   Inc.
                                             4,010          121
     *
        Asta   Funding     Inc.
                                             11,264          116
        Mid-Southern       Bancorp     Inc.
                                             6,447          87
                                104/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Trinity     Place   Holdings     Inc.
                                             27,417           83
        Medalist     Diversified       REIT   Inc.
                                             22,234           77
        Guaranty     Federal     Bancshares      Inc.
                                             3,011          76
     *
        FSB  Bancorp     Inc.
                                             3,139          54
        Oconee    Federal     Financial      Corp.
                                             1,919          50
        Lake   Shore   Bancorp     Inc.
                                             2,800          43
        Home   Federal     Bancorp     Inc.
                                              601         21
     *
        CPI  Card   Group   Inc.
                                             23,067           21
        Protective      Insurance      Corp.   Class   A
                                             1,100          17
        Tremont     Mortgage     Trust
                                             2,458          12
     *
        National     Holdings     Corp.   Warrants     Exp.   01/18/2022
                                             92,151           9
     *
        Envision     Solar   International        Inc.
                                             1,800           8
     *
        Village     Bank   and  Trust   Financial      Corp.
                                              200          7
        Patriot     National     Bancorp     Inc.
                                              100          1
     *
        Conifer     Holdings     Inc.
                                              300          1
                                105/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^,§
        Ditech    Holding     Corp.   Warrants     Exp.   02/09/2028
                                                        -
                                             34,201
                                                  174,087,724
     ヘルスケア      (13.0   ％ )
        Johnson     & Johnson
                                          74,147,917         10,815,957
        UnitedHealth       Group   Inc.
                                          26,689,357         7,846,137
        Merck   & Co.  Inc.
                                          71,739,055         6,524,667
        Pfizer    Inc.
                                          155,931,076          6,109,380
        Abbott    Laboratories
                                          49,821,309         4,327,479
        Medtronic      plc
                                          37,757,947         4,283,639
        Bristol-Myers        Squibb    Co.
                                          65,941,862         4,232,808
        Amgen   Inc.
                                          16,741,329         4,035,832
        AbbVie    Inc.
                                          41,653,636         3,688,013
        Thermo    Fisher    Scientific      Inc.
                                          11,297,406         3,670,188
        Eli  Lilly   & Co.
                                          24,355,427         3,201,034
        Gilead    Sciences     Inc.
                                          35,654,732         2,316,844
        Anthem    Inc.
                                           7,144,478         2,157,847
        Cigna   Corp.
                                          10,522,464         2,151,739
        Becton    Dickinson      and  Co.
                                           7,620,489         2,072,544
     *
        Intuitive      Surgical     Inc.
                                           3,255,802         1,924,667
        Stryker     Corp.
                                           8,962,658         1,881,620
        Zoetis    Inc.
                                          13,425,665         1,776,887
     *
        Boston    Scientific      Corp.
                                          39,278,030         1,776,153
        Allergan     plc
                                           8,788,488         1,680,095
     *
        Vertex    Pharmaceuticals         Inc.
                                           7,240,328         1,585,270
     *
        Biogen    Inc.
                                           5,084,654         1,508,769
     *
        Illumina     Inc.
                                           4,142,312         1,374,171
     *
        Edwards     Lifesciences       Corp.
                                           5,876,280         1,370,877
        Humana    Inc.
                                           3,731,117         1,367,529
        Baxter    International        Inc.
                                          14,365,712         1,201,261
        HCA  Healthcare      Inc.
                                           7,643,617         1,129,803
        Zimmer    Biomet    Holdings     Inc.
                                           5,795,890          867,529
     *
        Regeneron      Pharmaceuticals         Inc.
                                           2,281,758          856,754
     *
        IQVIA   Holdings     Inc.
                                           4,651,009          718,627
     *
        Centene     Corp.
                                          11,065,329          695,677
     *
        Alexion     Pharmaceuticals         Inc.
                                           5,933,708          641,731
     *
        IDEXX   Laboratories       Inc.
                                           2,416,096          630,915
        ResMed    Inc.
                                           4,053,368          628,150
     *
        DexCom    Inc.
                                           2,578,662          564,057
     *
        Align   Technology      Inc.
                                           1,999,775          558,017
        Teleflex     Inc.
                                           1,305,090          491,288
     *
        WellCare     Health    Plans   Inc.
                                           1,413,003          466,588
     *
        Laboratory      Corp.   of  America     Holdings
                                           2,736,674          462,963
     *
        Incyte    Corp.
                                           5,168,791          451,339
        Cooper    Cos.   Inc.
                                           1,397,517          449,008
     *
        BioMarin     Pharmaceutical         Inc.
                                           5,051,152          427,075
        Cardinal     Health    Inc.
                                           8,260,056          417,794
        Quest   Diagnostics       Inc.
                                           3,783,925          404,085
     *
        Hologic     Inc.
                                           7,560,838          394,751
     *
        Seattle     Genetics     Inc.
                                           3,383,951          386,650
                                106/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Exact   Sciences     Corp.
                                           4,152,833          384,054
        STERIS    plc
                                           2,387,221          363,860
     *
        Varian    Medical     Systems     Inc.
                                           2,562,187          363,856
     *
        Alnylam     Pharmaceuticals         Inc.
                                           3,148,889          362,658
        Dentsply     Sirona    Inc.
                                           6,279,146          355,337
        West   Pharmaceutical         Services     Inc.
                                           2,086,604          313,679
     *
        Elanco    Animal    Health    Inc.
                                          10,510,862          309,545
        Universal      Health    Services     Inc.   Class   B
                                           2,153,271          308,908
        PerkinElmer       Inc.
                                           3,135,130          304,421
     *
        Insulet     Corp.
                                           1,742,049          298,239
     *
        Mylan   NV
                                          14,518,973          291,831
     *
        Neurocrine      Biosciences       Inc.
                                           2,601,008          279,582
     *
        Henry   Schein    Inc.
                                           4,140,003          276,221
     *
        Sarepta     Therapeutics       Inc.
                                           1,988,386          256,581
     *
        Molina    Healthcare      Inc.
                                           1,764,941          239,485
                                107/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Bio-Techne      Corp.
                                           1,072,563          235,438
     *
        Catalent     Inc.
                                           4,115,680          231,713
     *
        Jazz   Pharmaceuticals         plc
                                           1,514,590          226,098
     *
        Bio-Rad     Laboratories       Inc.   Class   A
                                            596,434         220,698
     *
        Ionis   Pharmaceuticals         Inc.
                                           3,554,734          214,741
     *
        Masimo    Corp.
                                           1,357,552          214,575
        Hill-Rom     Holdings     Inc.
                                           1,885,688          214,082
     *
        Charles     River   Laboratories       International        Inc.
                                           1,374,457          209,962
     *
        ABIOMED     Inc.
                                           1,208,943          206,234
     *
        PRA  Health    Sciences     Inc.
                                           1,768,366          196,554
        Chemed    Corp.
                                            447,001         196,350
        Encompass      Health    Corp.
                                           2,773,163          192,097
     *
        Horizon     Therapeutics       plc
                                           5,240,941          189,722
     *
        Novocure     Ltd.
                                           2,233,522          188,219
        Perrigo     Co.  plc
                                           3,634,872          187,777
     *
        DaVita    Inc.
                                           2,381,556          178,688
     *
        Avantor     Inc.
                                           9,683,778          175,761
     *
        Medicines      Co.
                                           2,007,673          170,532
     *
        Arrowhead      Pharmaceuticals         Inc.
                                           2,670,284          169,376
     *,^
        Teladoc     Health    Inc.
                                           2,020,705          169,173
     *
        Haemonetics       Corp.
                                           1,427,395          164,008
     *
        Amedisys     Inc.
                                            900,594         150,327
     *
        Exelixis     Inc.
                                           8,498,487          149,743
     *
        HealthEquity       Inc.
                                           1,978,023          146,512
     *
        Penumbra     Inc.
                                            880,291         144,605
        Bruker    Corp.
                                           2,823,768          143,927
     *
        ACADIA    Pharmaceuticals         Inc.
                                           3,263,622          139,618
     *
        Syneos    Health    Inc.
                                           2,333,286          138,772
     *
        Reata   Pharmaceuticals         Inc.   Class   A
                                            660,171         134,959
     *,^
        Envista     Holdings     Corp.
                                           4,467,754          132,424
     *
        Global    Blood   Therapeutics       Inc.
                                           1,605,782          127,644
     *
        Globus    Medical     Inc.
                                           2,155,566          126,920
     *
        Repligen     Corp.
                                           1,321,352          122,225
     *
        Mirati    Therapeutics       Inc.
                                            938,573         120,945
     *
        Integra     LifeSciences       Holdings     Corp.
                                           2,043,511          119,096
     *
        NuVasive     Inc.
                                           1,467,381          113,487
     *
        LHC  Group   Inc.
                                            804,843         110,875
     *
        Tenet   Healthcare      Corp.
                                           2,908,950          110,627
     *,^
        Moderna     Inc.
                                           5,585,195          109,246
     *
        Wright    Medical     Group   NV
                                           3,559,215          108,485
     *
        Nektar    Therapeutics       Class   A
                                           4,936,909          106,563
     *
        Blueprint      Medicines      Corp.
                                           1,316,521          105,466
     *
        Immunomedics       Inc.
                                           4,970,815          105,182
     *
        Sage   Therapeutics       Inc.
                                           1,453,845          104,953
     *
        United    Therapeutics       Corp.
                                           1,182,480          104,153
     *
        Guardant     Health    Inc.
                                           1,323,273          103,401
     *
        ICU  Medical     Inc.
                                            551,551         103,206
     *
        Omnicell     Inc.
                                           1,185,290          96,862
     *
        Neogen    Corp.
                                           1,482,169          96,726
                                108/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Nevro   Corp.
                                            820,536         96,446
     *
        Bluebird     Bio  Inc.
                                           1,095,213          96,105
     *
        Tandem    Diabetes     Care   Inc.
                                           1,586,978          94,600
     *
        Alkermes     plc
                                           4,450,663          90,794
     *
        FibroGen     Inc.
                                           2,109,035          90,457
     *
        Iovance     Biotherapeutics         Inc.
                                           3,223,469          89,226
        CONMED    Corp.
                                            792,680         88,645
     *
        Intercept      Pharmaceuticals         Inc.
                                            696,072         86,257
     *
        MyoKardia      Inc.
                                           1,173,532          85,533
     *
        Agios   Pharmaceuticals         Inc.
                                           1,756,338          83,865
     *
        Acadia    Healthcare      Co.  Inc.
                                           2,482,633          82,473
     *
        NeoGenomics       Inc.
                                           2,771,052          81,053
     *
        PTC  Therapeutics       Inc.
                                           1,665,199          79,980
     *
        Quidel    Corp.
                                           1,052,038          78,934
     *,^
        Axsome    Therapeutics       Inc.
                                            737,657         76,244
                                109/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Audentes     Therapeutics       Inc.
                                           1,224,526          73,276
     *
        HMS  Holdings     Corp.
                                           2,469,055          73,084
     *
        Halozyme     Therapeutics       Inc.
                                           4,073,285          72,219
     *,^
        Allakos     Inc.
                                            756,232         72,114
     *
        Select    Medical     Holdings     Corp.
                                           3,056,856          71,347
        Cantel    Medical     Corp.
                                           1,005,184          71,268
     *
        Amicus    Therapeutics       Inc.
                                           7,151,539          69,656
     *
        Acceleron      Pharma    Inc.
                                           1,291,185          68,459
     *
        Emergent     BioSolutions       Inc.
                                           1,238,630          66,824
     *
        Natera    Inc.
                                           1,977,533          66,623
     *
        Zogenix     Inc.
                                           1,267,123          66,055
     *
        ArQule    Inc.
                                           3,216,030          64,192
        Ensign    Group   Inc.
                                           1,409,969          63,970
     *
        Ultragenyx      Pharmaceutical         Inc.
                                           1,495,401          63,869
     *
        Medpace     Holdings     Inc.
                                            753,626         63,350
     *
        Glaukos     Corp.
                                           1,162,332          63,312
     *
        MEDNAX    Inc.
                                           2,267,250          63,007
     *
        Arena   Pharmaceuticals         Inc.
                                           1,387,150          63,004
     *
        Momenta     Pharmaceuticals         Inc.
                                           3,192,196          62,982
     *
        Insmed    Inc.
                                           2,492,851          59,529
     *
        Prestige     Consumer     Healthcare      Inc.
                                           1,450,238          58,735
     *
        Deciphera      Pharmaceuticals         Inc.
                                            943,064         58,696
     *
        Heron   Therapeutics       Inc.
                                           2,450,005          57,575
     *
        Ironwood     Pharmaceuticals         Inc.   Class   A
                                           4,202,579          55,936
     *
        Myriad    Genetics     Inc.
                                           2,001,023          54,488
     *
        Kodiak    Sciences     Inc.
                                            726,944         52,304
        Healthcare      Services     Group   Inc.
                                           2,116,125          51,464
     *
        Pacira    BioSciences       Inc.
                                           1,121,928          50,823
     *
        Epizyme     Inc.
                                           2,062,143          50,729
     *
        iRhythm     Technologies       Inc.
                                            740,141         50,396
     *
        Xencor    Inc.
                                           1,442,713          49,615
     *
        Magellan     Health    Inc.
                                            630,873         49,366
     *
        Portola     Pharmaceuticals         Inc.
                                           2,042,645          48,778
        Patterson      Cos.   Inc.
                                           2,378,378          48,709
     *
        Ligand    Pharmaceuticals         Inc.
                                            463,388         48,327
     *
        Merit   Medical     Systems     Inc.
                                           1,480,732          46,228
     *
        Avanos    Medical     Inc.
                                           1,370,555          46,188
     *
        Cardiovascular         Systems     Inc.
                                            934,553         45,410
     *
        ChemoCentryx       Inc.
                                           1,132,250          44,780
     *
        STAAR   Surgical     Co.
                                           1,266,101          44,529
     *
        Intra-Cellular         Therapies      Inc.
                                           1,286,780          44,149
     *,^
        Esperion     Therapeutics       Inc.
                                            738,864         44,058
     *
        Ra  Pharmaceuticals         Inc.
                                            925,729         43,444
     *
        Aimmune     Therapeutics       Inc.
                                           1,274,076          42,643
     *
        BioTelemetry       Inc.
                                            910,036         42,135
     *
        Apellis     Pharmaceuticals         Inc.
                                           1,366,345          41,837
     *
        Editas    Medicine     Inc.
                                           1,395,879          41,332
        US  Physical     Therapy     Inc.
                                            359,768         41,139
     *,^
        Invitae     Corp.
                                           2,528,961          40,792
                                110/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Turning     Point   Therapeutics       Inc.
                                            647,880         40,356
     *
        Brookdale      Senior    Living    Inc.
                                           5,305,459          38,571
     *
        REGENXBIO      Inc.
                                            937,724         38,419
     *
        Addus   HomeCare     Corp.
                                            393,732         38,279
     *
        Inspire     Medical     Systems     Inc.
                                            507,453         37,658
     *
        Principia      Biopharma      Inc.
                                            663,998         36,374
     *
        Veracyte     Inc.
                                           1,290,773          36,038
     *
        Inogen    Inc.
                                            524,274         35,824
     *
        Corcept     Therapeutics       Inc.
                                           2,889,200          34,959
     *
        Dicerna     Pharmaceuticals         Inc.
                                           1,561,936          34,409
     *
        Forty   Seven   Inc.
                                            860,808         33,890
     *
        Tactile     Systems     Technology      Inc.
                                            500,207         33,769
     *
        AtriCure     Inc.
                                           1,035,040          33,649
     *
        Supernus     Pharmaceuticals         Inc.
                                           1,416,745          33,605
     *
        Varex   Imaging     Corp.
                                           1,099,198          32,767
                                111/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Fate   Therapeutics       Inc.
                                           1,671,670          32,715
     *
        R1  RCM  Inc.
                                           2,513,490          32,625
     *,^
        Denali    Therapeutics       Inc.
                                           1,866,725          32,518
     *
        Theravance      Biopharma      Inc.
                                           1,244,015          32,208
     *,^
        Aerie   Pharmaceuticals         Inc.
                                           1,299,007          31,397
     *,^
        Allogene     Therapeutics       Inc.
                                           1,207,657          31,375
     *
        Natus   Medical     Inc.
                                            938,942         30,976
     *
        Enanta    Pharmaceuticals         Inc.
                                            498,243         30,781
     *
        Coherus     Biosciences       Inc.
                                           1,701,617          30,638
        National     HealthCare      Corp.
                                            344,137         29,744
        Atrion    Corp.
                                             39,264         29,507
     *
        Constellation        Pharmaceuticals         Inc.
                                            618,688         29,146
     *
        Karyopharm      Therapeutics       Inc.
                                           1,482,485          28,419
     *
        Hanger    Inc.
                                           1,005,835          27,771
     *
        Sangamo     Therapeutics       Inc.
                                           3,312,218          27,723
     *
        NanoString      Technologies       Inc.
                                            983,655         27,365
     *
        10X  Genomics     Inc.   Class   A
                                            357,179         27,235
     *
        Tricida     Inc.
                                            713,796         26,939
     *
        CryoLife     Inc.
                                            991,127         26,850
     *
        Endo   International        plc
                                           5,680,116          26,640
     *
        Radius    Health    Inc.
                                           1,298,616          26,180
        Luminex     Corp.
                                           1,119,094          25,918
     *,^
        TG  Therapeutics       Inc.
                                           2,294,664          25,471
     *
        Athenex     Inc.
                                           1,666,172          25,442
        National     Research     Corp.
                                            384,351         25,344
     *
        CareDx    Inc.
                                           1,167,901          25,192
     *,^
        Bridgebio      Pharma    Inc.
                                            711,248         24,929
     *
        Tivity    Health    Inc.
                                           1,225,191          24,927
     *
        Shockwave      Medical     Inc.
                                            563,526         24,750
     *
        Innoviva     Inc.
                                           1,745,000          24,709
     *,^
        ZIOPHARM     Oncology     Inc.
                                           5,183,914          24,468
     *
        Codexis     Inc.
                                           1,512,302          24,182
     *
        Vanda   Pharmaceuticals         Inc.
                                           1,460,304          23,964
     *
        Orthofix     Medical     Inc.
                                            514,075         23,740
     *
        CorVel    Corp.
                                            270,812         23,658
     *
        Revance     Therapeutics       Inc.
                                           1,450,212          23,537
     *
        Pennant     Group   Inc.
                                            700,363         23,161
     *,^
        Change    Healthcare      Inc.
                                           1,411,121          23,128
     *
        RadNet    Inc.
                                           1,111,623          22,566
     *,^
        Rocket    Pharmaceuticals         Inc.
                                            989,744         22,527
     *
        Achillion      Pharmaceuticals         Inc.
                                           3,727,896          22,479
     *
        Atara   Biotherapeutics         Inc.
                                           1,360,944          22,415
     *
        Rhythm    Pharmaceuticals         Inc.
                                            958,392         22,005
     *
        Madrigal     Pharmaceuticals         Inc.
                                            236,491         21,547
     *
        Intersect      ENT  Inc.
                                            863,220         21,494
     *
        Silk   Road   Medical     Inc.
                                            532,263         21,493
     *
        Vericel     Corp.
                                           1,227,821          21,364
     *
        ImmunoGen      Inc.
                                           4,094,337          20,902
     *
        G1  Therapeutics       Inc.
                                            790,723         20,899
                                112/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Lantheus     Holdings     Inc.
                                           1,018,694          20,893
     *
        HealthStream       Inc.
                                            752,263         20,462
     *,^
        Omeros    Corp.
                                           1,429,761          20,145
     *
        Pacific     Biosciences       of  California      Inc.
                                           3,912,251          20,109
     *
        Anika   Therapeutics       Inc.
                                            387,703         20,102
     *
        Arvinas     Inc.
                                            486,573         19,993
     *,^
        Dermira     Inc.
                                           1,317,610          19,975
     *
        Eagle   Pharmaceuticals         Inc.
                                            331,937         19,943
     *
        Kadmon    Holdings     Inc.
                                           4,370,620          19,799
     *
        Flexion     Therapeutics       Inc.
                                            941,811         19,495
     *
        Collegium      Pharmaceutical         Inc.
                                            941,938         19,385
     *
        Antares     Pharma    Inc.
                                           4,124,118          19,383
     *
        Akebia    Therapeutics       Inc.
                                           3,062,538          19,355
     *
        Heska   Corp.
                                            201,254         19,308
     *,^
        Karuna    Therapeutics       Inc.
                                            255,747         19,268
                                113/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Gossamer     Bio  Inc.
                                           1,231,336          19,246
     *
        NextCure     Inc.
                                            339,019         19,097
     *
        Amphastar      Pharmaceuticals         Inc.
                                            989,237         19,082
     *
        Durect    Corp.
                                           5,013,032          19,050
     *,^
        Cara   Therapeutics       Inc.
                                           1,179,613          19,004
     *
        Y-mAbs    Therapeutics       Inc.
                                            603,874         18,871
     *
        Retrophin      Inc.
                                           1,283,312          18,223
     *
        Axogen    Inc.
                                           1,018,358          18,218
     *
        Adverum     Biotechnologies         Inc.
                                           1,538,817          17,727
     *
        Krystal     Biotech     Inc.
                                            313,524         17,363
     *
        Cytokinetics       Inc.
                                           1,623,037          17,220
        LeMaitre     Vascular     Inc.
                                            478,977         17,219
     *
        Assembly     Biosciences       Inc.
                                            834,166         17,067
     *
        Cerus   Corp.
                                           3,967,073          16,741
     *
        Kura   Oncology     Inc.
                                           1,209,831          16,635
     *,^
        OPKO   Health    Inc.
                                          11,229,587           16,507
     *,^
        Intellia     Therapeutics       Inc.
                                           1,079,042          15,830
     *
        Adaptive     Biotechnologies         Corp.
                                            528,019         15,798
     *
        AngioDynamics        Inc.
                                            985,569         15,779
     *,^
        Cortexyme      Inc.
                                            276,822         15,541
     *,^
        TherapeuticsMD         Inc.
                                           6,386,860          15,456
     *,^
        Alector     Inc.
                                            895,951         15,437
     *,^
        Clovis    Oncology     Inc.
                                           1,462,934          15,251
     *
        MacroGenics       Inc.
                                           1,372,358          14,931
     *
        Option    Care   Health    Inc.
                                           3,951,026          14,737
     *,^
        Viking    Therapeutics       Inc.
                                           1,822,328          14,615
     *
        ANI  Pharmaceuticals         Inc.
                                            236,566         14,589
     *
        Surmodics      Inc.
                                            351,651         14,569
     *
        BioCryst     Pharmaceuticals         Inc.
                                           4,165,478          14,371
     *,^
        SmileDirectClub         Inc.
                                           1,616,844          14,131
     *
        OrthoPediatrics         Corp.
                                            297,707         13,989
     *
        Ardelyx     Inc.
                                           1,863,627          13,987
     *
        OraSure     Technologies       Inc.
                                           1,739,375          13,967
     *,^
        Relmada     Therapeutics       Inc.
                                            354,100         13,810
     *
        BioDelivery       Sciences     International        Inc.
                                           2,167,338          13,698
     *,^
        PetIQ   Inc.   Class   A
                                            543,975         13,627
     *
        Cutera    Inc.
                                            379,492         13,590
     *
        Amneal    Pharmaceuticals         Inc.
                                           2,811,815          13,553
     *
        Stemline     Therapeutics       Inc.
                                           1,267,932          13,478
     *,^
        Quanterix      Corp.
                                            567,826         13,418
     *,^
        ViewRay     Inc.
                                           3,168,703          13,372
     *
        Avrobio     Inc.
                                            654,001         13,165
     *,^
        Dynavax     Technologies       Corp.   Class   A
                                           2,269,045          12,979
     *
        Synthorx     Inc.
                                            185,143         12,940
     *,^
        Accelerate      Diagnostics       Inc.
                                            755,926         12,775
     *
        Agenus    Inc.
                                           3,109,343          12,655
     *
        Twist   Bioscience      Corp.
                                            594,000         12,474
     *
        Sientra     Inc.
                                           1,374,928          12,292
     *,^
        Provention      Bio  Inc.
                                            820,347         12,223
                                114/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Avid   Bioservices       Inc.
                                           1,591,048          12,203
     *
        Voyager     Therapeutics       Inc.
                                            871,872         12,163
     *
        Triple-S     Management      Corp.   Class   B
                                            655,778         12,125
     *
        Odonate     Therapeutics       Inc.
                                            370,406         12,020
     *,^
        Sorrento     Therapeutics       Inc.
                                           3,528,234          11,925
     *
        Homology     Medicines      Inc.
                                            568,781         11,774
     *
        Progenics      Pharmaceuticals         Inc.
                                           2,306,141          11,738
     *
        Axonics     Modulation      Technologies       Inc.
                                            419,114         11,614
     *
        CytomX    Therapeutics       Inc.
                                           1,367,661          11,365
     *
        Eiger   BioPharmaceuticals           Inc.
                                            759,974         11,324
     *
        AnaptysBio      Inc.
                                            688,681         11,191
     *,^
        IGM  Biosciences       Inc.
                                            285,947         10,912
        Utah   Medical     Products     Inc.
                                            100,221         10,814
        Meridian     Bioscience      Inc.
                                           1,100,229          10,749
     *
        AMAG   Pharmaceuticals         Inc.
                                            883,207         10,749
                                115/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Spectrum     Pharmaceuticals         Inc.
                                           2,948,132          10,731
     *
        Recro   Pharma    Inc.
                                            569,794         10,444
     *,^
        Intrexon     Corp.
                                           1,867,600          10,234
     *,^
        Corbus    Pharmaceuticals         Holdings     Inc.
                                           1,871,125          10,216
     *
        Catalyst     Pharmaceuticals         Inc.
                                           2,724,057          10,215
     *
        Rigel   Pharmaceuticals         Inc.
                                           4,673,184          10,001
     *,^
        XBiotech     Inc.
                                            528,503          9,865
     *
        IVERIC    bio  Inc.
                                           1,132,897           9,720
     *,^
        Progyny     Inc.
                                            351,610          9,652
     *
        Kindred     Biosciences       Inc.
                                           1,127,689           9,563
     *
        Pfenex    Inc.
                                            869,080          9,543
     *,^
        Eidos   Therapeutics       Inc.
                                            165,198          9,481
     *
        SI-BONE     Inc.
                                            437,574          9,408
     *
        Precision      BioSciences       Inc.
                                            674,353          9,367
     *
        Community      Health    Systems     Inc.
                                           3,198,313           9,275
     *
        BioSpecifics       Technologies       Corp.
                                            160,830          9,158
     *,^
        Inovio    Pharmaceuticals         Inc.
                                           2,754,474           9,090
     *
        PDL  BioPharma      Inc.
                                           2,754,978           8,940
     *,^
        TransMedics       Group   Inc.
                                            465,566          8,850
     *,^
        CEL-SCI     Corp.
                                            966,960          8,848
        Owens   & Minor   Inc.
                                           1,704,907           8,814
     *
        GenMark     Diagnostics       Inc.
                                           1,822,600           8,767
        Invacare     Corp.
                                            962,641          8,683
     *,^
        Rubius    Therapeutics       Inc.
                                            896,003          8,512
     *,^
        Mallinckrodt       plc
                                           2,343,282           8,178
     *,^
        Puma   Biotechnology        Inc.
                                            926,832          8,110
     *
        Calithera      Biosciences       Inc.
                                           1,409,585           8,049
     *
        Magenta     Therapeutics       Inc.
                                            526,943          7,988
     *
        Arcus   Biosciences       Inc.
                                            790,720          7,986
     *,^
        Lannett     Co.  Inc.
                                            894,888          7,893
     *
        Cue  Biopharma      Inc.
                                            487,285          7,736
     *,^
        Geron   Corp.
                                           5,673,622           7,716
     *
        SIGA   Technologies       Inc.
                                           1,615,615           7,706
     *,^
        Crinetics      Pharmaceuticals         Inc.
                                            306,721          7,696
     *,^
        Matinas     BioPharma      Holdings     Inc.
                                           3,386,671           7,688
     *
        Apyx   Medical     Corp.
                                            894,837          7,570
     *
        SpringWorks       Therapeutics       Inc.
                                            196,608          7,567
     *
        Alphatec     Holdings     Inc.
                                           1,057,633           7,504
     *
        Molecular      Templates      Inc.
                                            532,005          7,440
     *,^
        MannKind     Corp.
                                           5,703,261           7,357
     *
        Accuray     Inc.
                                           2,603,270           7,341
     *,^
        Akcea   Therapeutics       Inc.
                                            431,460          7,309
     *,^
        Evolus    Inc.
                                            595,634          7,249
     *
        Replimune      Group   Inc.
                                            500,980          7,189
     *
        MEI  Pharma    Inc.
                                           2,865,177           7,106
     *
        Fluidigm     Corp.
                                           2,034,877           7,081
     *
        Applied     Therapeutics       Inc.
                                            257,884          7,035
     *
        Mersana     Therapeutics       Inc.
                                           1,213,031           6,951
     *
        Syros   Pharmaceuticals         Inc.
                                           1,003,963           6,937
                                116/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Scholar     Rock   Holding     Corp.
                                            523,922          6,905
     *,^
        Apollo    Medical     Holdings     Inc.
                                            374,359          6,892
     *
        Minerva     Neurosciences        Inc.
                                            952,916          6,775
     *
        Aprea   Therapeutics       Inc.
                                            145,487          6,676
     *
        Misonix     Inc.
                                            357,374          6,651
     *
        Surgery     Partners     Inc.
                                            418,719          6,555
     *
        BioLife     Solutions      Inc.
                                            404,489          6,545
     *,^
        Optinose     Inc.
                                            708,073          6,528
     *
        Translate      Bio  Inc.
                                            800,026          6,512
     *
        SeaSpine     Holdings     Corp.
                                            509,938          6,124
     *
        Stoke   Therapeutics       Inc.
                                            212,600          6,021
     *,^
        MediciNova      Inc.
                                            891,718          6,010
     *
        Joint   Corp.
                                            370,808          5,985
     *
        Harrow    Health    Inc.
                                            763,120          5,937
     *
        Concert     Pharmaceuticals         Inc.
                                            638,360          5,889
                                117/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        ADMA   Biologics      Inc.
                                           1,452,248           5,809
     *
        Syndax    Pharmaceuticals         Inc.
                                            657,918          5,777
     *
        Abeona    Therapeutics       Inc.
                                           1,760,180           5,756
     *
        RTI  Surgical     Holdings     Inc.
                                           2,098,963           5,751
     *
        Vapotherm      Inc.
                                            463,490          5,636
     *
        Aeglea    BioTherapeutics         Inc.
                                            730,780          5,583
     *
        Gritstone      Oncology     Inc.
                                            598,855          5,372
     *
        KalVista     Pharmaceuticals         Inc.
                                            291,774          5,196
     *
        Verrica     Pharmaceuticals         Inc.
                                            325,091          5,166
     *
        Xeris   Pharmaceuticals         Inc.
                                            719,094          5,070
     *
        Chiasma     Inc.
                                            984,427          4,883
     *
        GlycoMimetics        Inc.
                                            910,116          4,815
     *
        X4  Pharmaceuticals         Inc.
                                            430,247          4,604
     *,^
        Athersys     Inc.
                                           3,726,182           4,583
     *
        Palatin     Technologies       Inc.
                                           5,849,095           4,575
     *
        Hookipa     Pharma    Inc.
                                            372,890          4,560
     *,^
        CorMedix     Inc.
                                            625,748          4,555
     *,^
        NGM  Biopharmaceuticals           Inc.
                                            245,251          4,535
     *,^
        AcelRx    Pharmaceuticals         Inc.
                                           2,142,380           4,520
     *
        Eloxx   Pharmaceuticals         Inc.
                                            608,308          4,477
     *
        Marinus     Pharmaceuticals         Inc.
                                           2,067,953           4,467
     *,^
        Catasys     Inc.
                                            271,875          4,434
     *,^
        Senseonics      Holdings     Inc.
                                           4,827,947           4,422
     *
        Fulgent     Genetics     Inc.
                                            341,824          4,410
     *,^
        XOMA   Corp.
                                            160,945          4,394
     *
        InfuSystem      Holdings     Inc.
                                            511,238          4,361
     *,^
        Amyris    Inc.
                                           1,409,918           4,357
     *
        iRadimed     Corp.
                                            185,109          4,328
     *,^
        Zynex   Inc.
                                            542,733          4,271
     *
        Jounce    Therapeutics       Inc.
                                            487,199          4,253
     *
        Agile   Therapeutics       Inc.
                                           1,689,440           4,224
     *,^
        Ocular    Therapeutix       Inc.
                                           1,066,121           4,211
     *
        Ovid   therapeutics       Inc.
                                           1,002,310           4,160
     *
        Atreca    Inc.
                                            266,417          4,121
     *
        UNITY   Biotechnology        Inc.
                                            568,733          4,101
     *,^
        Lexicon     Pharmaceuticals         Inc.
                                            978,318          4,060
     *
        Seres   Therapeutics       Inc.
                                           1,175,813           4,057
     *
        Protagonist       Therapeutics       Inc.
                                            573,903          4,046
     *
        Cymabay     Therapeutics       Inc.
                                           2,048,278           4,015
     *
        CASI   Pharmaceuticals         Inc.
                                           1,298,963           4,014
     *
        Rockwell     Medical     Inc.
                                           1,638,452           3,998
     *
        Exicure     Inc.
                                           1,397,521           3,997
     *
        Aravive     Inc.
                                            288,008          3,937
     *
        American     Renal   Associates      Holdings     Inc.
                                            379,646          3,937
     *
        FONAR   Corp.
                                            199,168          3,922
     *
        Harpoon     Therapeutics       Inc.
                                            264,272          3,909
     *
        Aldeyra     Therapeutics       Inc.
                                            667,217          3,877
     *
        Kiniksa     Pharmaceuticals         Ltd.   Class   A
                                            348,492          3,854
     *,^
        Zynerba     Pharmaceuticals         Inc.
                                            630,140          3,806
                                118/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Five   Prime   Therapeutics       Inc.
                                            824,351          3,784
     *
        Akorn   Inc.
                                           2,492,697           3,739
     *,^
        Anavex    Life   Sciences     Corp.
                                           1,425,049           3,691
     *
        Castle    Biosciences       Inc.
                                            107,186          3,684
     *,^
        Bioxcel     Therapeutics       Inc.
                                            249,603          3,647
     *
        Enzo   Biochem     Inc.
                                           1,366,399           3,594
     *
        Pulse   Biosciences       Inc.
                                            262,310          3,518
     *
        Exagen    Inc.
                                            137,795          3,500
     *
        Repro-Med      Systems     Inc.
                                            535,117          3,494
     *
        Personalis      Inc.
                                            315,739          3,442
     *
        Mustang     Bio  Inc.
                                            808,613          3,299
     *
        Dyadic    International        Inc.
                                            621,809          3,221
     *
        Genesis     Healthcare      Inc.
                                           1,960,136           3,215
     *,^
        CytoSorbents       Corp.
                                            832,151          3,204
     *
        Chimerix     Inc.
                                           1,522,300           3,090
                                119/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^
        Paratek     Pharmaceuticals         Inc.
                                            766,225          3,088
     *,^
        Akero   Therapeutics       Inc.
                                            139,079          3,087
     *
        TCR2   Therapeutics       Inc.
                                            215,242          3,074
     *
        Lineage     Cell   Therapeutics       Inc.
                                           3,430,046           3,053
     *,^
        BioSig    Technologies       Inc.
                                            514,013          3,043
     *
        Satsuma     Pharmaceuticals         Inc.
                                            154,604          3,043
     *,^
        Galectin     Therapeutics       Inc.
                                           1,051,163           3,006
     *
        Stereotaxis       Inc.
                                            563,138          2,979
     *
        Spero   Therapeutics       Inc.
                                            307,402          2,956
     *,^
        EyePoint     Pharmaceuticals         Inc.
                                           1,904,792           2,952
     *,^
        Fortress     Biotech     Inc.
                                           1,134,317           2,915
     *
        Conformis      Inc.
                                           1,903,523           2,855
     *
        Otonomy     Inc.
                                            737,046          2,823
     *
        Acorda    Therapeutics       Inc.
                                           1,366,942           2,789
     *,^
        Proteostasis       Therapeutics       Inc.
                                           1,195,732           2,726
     *,^
        AVEO   Pharmaceuticals         Inc.
                                           4,364,829           2,725
     *,^
        Catalyst     Biosciences       Inc.
                                            398,149          2,711
     *
        Prevail     Therapeutics       Inc.
                                            170,499          2,699
     *
        Millendo     Therapeutics       Inc.
                                            396,400          2,672
     *
        Harvard     Bioscience      Inc.
                                            863,911          2,635
     *,^
        Venus   Concept     Inc.
                                            557,175          2,619
     *,^
        Marker    Therapeutics       Inc.
                                            904,972          2,606
     *,^
        DermTech     Inc.
                                            209,350          2,596
     *,^
        Savara    Inc.
                                            578,945          2,594
     *
        Sutro   Biopharma      Inc.
                                            234,251          2,577
     *,^
        Sesen   Bio  Inc.
                                           2,475,212           2,574
     *,^
        Novavax     Inc.
                                            643,291          2,560
     *
        PhaseBio     Pharmaceuticals         Inc.
                                            412,403          2,520
     *
        Assertio     Therapeutics       Inc.
                                           1,986,395           2,483
     *,^
        NantKwest      Inc.
                                            646,858          2,452
     *,^
        Viela   Bio  Inc.
                                             87,933         2,387
     *
        Capital     Senior    Living    Corp.
                                            740,585          2,288
     *,^
        La  Jolla   Pharmaceutical         Co.
                                            582,183          2,288
     *,^
        RAPT   Therapeutics       Inc.
                                             82,673         2,283
     *,^
        Soliton     Inc.
                                            204,101          2,241
     *,^
        Trevena     Inc.
                                           2,656,331           2,234
     *,^
        Verastem     Inc.
                                           1,655,459           2,218
     *,^
        Solid   Biosciences       Inc.
                                            489,748          2,179
     *,^
        Kala   Pharmaceuticals         Inc.
                                            590,072          2,177
     *,^
        NewLink     Genetics     Corp.
                                            859,970          2,176
     *,^
        BrainStorm      Cell   Therapeutics       Inc.
                                            499,658          2,139
     *,^
        Corvus    Pharmaceuticals         Inc.
                                            382,848          2,083
     *
        Adamas    Pharmaceuticals         Inc.
                                            549,413          2,082
     *
        Strongbridge       Biopharma      plc
                                            994,459          2,078
     *
        Cerecor     Inc.
                                            383,569          2,067
     *
        Chembio     Diagnostics       Inc.
                                            447,516          2,041
     *
        Cyclerion      Therapeutics       Inc.
                                            744,193          2,024
     *,^
        Ampio   Pharmaceuticals         Inc.
                                           3,462,732           2,019
     *,^
        Moleculin      Biotech     Inc.
                                           2,203,334           2,016
                                120/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Applied     Genetic     Technologies       Corp.
                                            438,277          1,981
     *,^
        Tyme   Technologies       Inc.
                                           1,410,436           1,975
     *
        Aquestive      Therapeutics       Inc.
                                            339,183          1,974
     *,^
        SCYNEXIS     Inc.
                                           2,036,941           1,854
     *
        Selecta     Biosciences       Inc.
                                            772,990          1,840
     *
        Orgenesis      Inc.
                                            390,018          1,817
     *,^
        Enochian     Biosciences       Inc.
                                            351,591          1,765
     *,^
        Cidara    Therapeutics       Inc.
                                            451,652          1,734
     *
        Oncocyte     Corp.
                                            766,650          1,725
     *
        Arbutus     Biopharma      Corp.
                                            616,293          1,713
     *,^
        Neos   Therapeutics       Inc.
                                           1,121,410           1,693
     *
        Electromed      Inc.
                                            191,641          1,658
     *
        Menlo   Therapeutics       Inc.
                                            353,454          1,640
     *
        Aptinyx     Inc.
                                            471,915          1,614
     *
        Clearside      Biomedical      Inc.
                                            554,321          1,608
                                121/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Champions      Oncology     Inc.
                                            189,449          1,578
     *
        Baudax    Bio  Inc.
                                            227,917          1,577
     *,^
        Catabasis      Pharmaceuticals         Inc.
                                            263,608          1,558
     *
        Celcuity     Inc.
                                            146,048          1,554
     *,^
        Eton   Pharmaceuticals         Inc.
                                            213,277          1,536
     *
        Synlogic     Inc.
                                            586,414          1,513
        Psychemedics       Corp.
                                            165,302          1,513
     *,^
        Frequency      Therapeutics       Inc.
                                             84,408         1,480
     *
        Infinity     Pharmaceuticals         Inc.
                                           1,491,350           1,432
     *
        Cumberland      Pharmaceuticals         Inc.
                                            275,632          1,420
     *
        Curis   Inc.
                                            822,614          1,398
     *,^
        Anixa   Biosciences       Inc.
                                            424,878          1,394
     *,^
        Bellicum     Pharmaceuticals         Inc.
                                           1,037,236           1,338
     *
        PAVmed    Inc.
                                           1,093,405           1,312
     *,^
        Aclaris     Therapeutics       Inc.
                                            694,097          1,312
     *
        Neuronetics       Inc.
                                            290,135          1,303
     *
        Pro-Dex     Inc.
                                             72,849         1,279
     *
        IRIDEX    Corp.
                                            563,826          1,263
     *
        Evofem    Biosciences       Inc.
                                            203,801          1,257
     *
        MRI  Interventions        Inc.
                                            260,350          1,250
     *
        Checkpoint      Therapeutics       Inc.
                                            724,862          1,247
     *
        Aduro   Biotech     Inc.
                                           1,032,336           1,218
     *
        LogicBio     Therapeutics       Inc.
                                            167,462          1,206
     *,^
        Evelo   Biosciences       Inc.
                                            287,124          1,166
     *
        CTI  BioPharma      Corp.
                                            722,814          1,142
     *,^
        Zosano    Pharma    Corp.
                                            745,534          1,133
     *,^
        Vermillion      Inc.
                                           1,379,576           1,117
     *,^
        Idera   Pharmaceuticals         Inc.
                                            613,295          1,116
     *,^
        ElectroCore       Inc.
                                            700,682          1,114
     *
        Calyxt    Inc.
                                            157,904          1,107
     *,^
        Mirum   Pharmaceuticals         Inc.
                                             44,378         1,088
     *
        Strata    Skin   Sciences     Inc.
                                            517,774          1,077
     *,^
        Quorum    Health    Corp.
                                           1,125,183           1,076
     *
        Sensus    Healthcare      Inc.
                                            297,376          1,053
     *
        Avenue    Therapeutics       Inc.
                                            109,407          1,050
     *
        Cabaletta      Bio  Inc.
                                             74,221         1,037
     *,^
        T2  Biosystems      Inc.
                                            885,873          1,036
     *,^
        Genocea     Biosciences       Inc.
                                            498,354          1,032
     *
        Soleno    Therapeutics       Inc.
                                            350,339          1,030
     *,^
        Kaleido     Biosciences       Inc.
                                            195,648           982
     *,^
        Sunesis     Pharmaceuticals         Inc.
                                           2,860,014            966
     *
        Apollo    Endosurgery       Inc.
                                            338,627           965
     *
        Novan   Inc.
                                            300,561           950
     *
        scPharmaceuticals          Inc.
                                            167,208           946
     *
        Liquidia     Technologies       Inc.
                                            217,927           932
     *,^
        Organovo     Holdings     Inc.
                                           2,598,783            924
        Merrimack      Pharmaceuticals         Inc.
                                            285,294           899
     *
        Kezar   Life   Sciences     Inc.
                                            223,678           897
     *
        Standard     Diversified       Inc.
                                             60,649          889
                                122/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Soligenix      Inc.
                                            598,911           868
     *
        Opiant    Pharmaceuticals         Inc.
                                             59,635          859
     *,^
        Oncternal      Therapeutics       Inc.
                                            214,040           845
     *
        PLx  Pharma    Inc.
                                            178,053           778
     *,^
        Arcadia     Biosciences       Inc.
                                            141,438           775
     *
        Celldex     Therapeutics       Inc.
                                            344,839           769
     *
        AgeX   Therapeutics       Inc.
                                            415,268           756
     *
        AquaBounty      Technologies       Inc.
                                            347,989           755
     *
        Celsion     Corp.
                                            437,596           748
     *,^
        VIVUS   Inc.
                                            271,618           739
     *,^
        resTORbio      Inc.
                                            491,365           732
     *
        Endologix      Inc.
                                            458,529           724
     *,^
        Milestone      Scientific      Inc.
                                            519,552           722
     *,^
        Adamis    Pharmaceuticals         Corp.
                                           1,029,133            721
     *
        Eyenovia     Inc.
                                            160,888           721
                                123/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Oyster    Point   Pharma    Inc.
                                             29,290          716
     *
        Altimmune      Inc.
                                            377,900           714
     *,^
        Cohbar    Inc.
                                            442,624           708
     *
        Equillium      Inc.
                                            203,300           687
     *
        Allena    Pharmaceuticals         Inc.
                                            245,176           669
     *,^
        Actinium     Pharmaceuticals         Inc.
                                           3,033,390            660
     *,^
        HTG  Molecular      Diagnostics       Inc.
                                            936,812           658
     *
        aTyr   Pharma    Inc.
                                            152,825           637
     *
        Neon   Therapeutics       Inc.
                                            536,388           633
     *
        Bioanalytical        Systems     Inc.
                                            126,596           627
     *,^
        NantHealth      Inc.
                                            604,166           622
     *
        Surface     Oncology     Inc.
                                            323,119           607
     *,^
        Axcella     Health    Inc.
                                            151,058           606
     *,^
        Vir  Biotechnology        Inc.
                                             47,376          596
     *,^
        Vaccinex     Inc.
                                            120,430           584
     *,^
        Teligent     Inc.
                                           1,357,779            578
     *,^
        Galera    Therapeutics       Inc.
                                             43,920          578
     *,^
        Ekso   Bionics     Holdings     Inc.
                                           1,398,803            547
     *,^
        Leap   Therapeutics       Inc.
                                            477,317           535
     *
        Alpine    Immune    Sciences     Inc.
                                            139,028           534
     *
        AzurRx    BioPharma      Inc.
                                            490,181           510
     *,^
        PolarityTE      Inc.
                                            194,180           505
     *
        Aerpio    Pharmaceuticals         Inc.
                                            802,614           500
     *
        Ideaya    Biosciences       Inc.
                                             66,615          500
     *
        Zafgen    Inc.
                                            444,733           494
     *,^
        Second    Sight   Medical     Products     Inc.
                                            656,944           487
     *
        IsoRay    Inc.
                                            766,512           479
     *
        Alimera     Sciences     Inc.
                                             62,517          474
     *
        KemPharm     Inc.
                                           1,194,467            453
     *,^
        Cassava     Sciences     Inc.
                                             86,716          451
     *,^
        Biolase     Inc.
                                            815,191           451
     *,^
        Citius    Pharmaceuticals         Inc.
                                            435,356           444
     *,^
        Oragenics      Inc.
                                            844,227           442
     *
        Adial   Pharmaceuticals         Inc.
                                            176,277           425
     *,^
        SELLAS    Life   Sciences     Group   Inc.
                                             95,483          411
     *
        Spring    Bank   Pharmaceuticals         Inc.
                                            255,362           403
     *,^
        Co-Diagnostics         Inc.
                                            438,601           393
     *,^
        Evoke   Pharma    Inc.
                                            241,002           390
     *
        ContraFect      Corp.
                                            624,454           388
     *
        Caladrius      Biosciences       Inc.
                                            153,833           386
     *
        Tela   Bio  Inc.
                                             29,229          379
     *,^
        Conatus     Pharmaceuticals         Inc.
                                            936,834           375
     *
        Xtant   Medical     Holdings     Inc.
                                            221,928           355
     *
        AdaptHealth       Corp.
                                             32,212          354
     *
        ImmuCell     Corp.
                                             66,289          341
     *
        Biomerica      Inc.
                                            113,198           336
     *
        Tocagen     Inc.
                                            584,325           312
     *
        DiaMedica      Therapeutics       Inc.
                                             63,532          308
     *,^
        Helius    Medical     Technologies       Inc.   Class   A
                                            314,754           305
                                124/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Unum   Therapeutics       Inc.
                                            400,874           289
     *
        Acer   Therapeutics       Inc.
                                             70,268          282
     *,^
        Trovagene      Inc.
                                            216,695           269
     *
        TFF  Pharmaceuticals         Inc.
                                             49,161          263
     *,^
        Obalon    Therapeutics       Inc.
                                            137,023           260
     *,^
        Heat   Biologics      Inc.
                                            534,924           254
     *
        Bellerophon       Therapeutics       Inc.
                                            681,990           238
     *
        Sophiris     Bio  Inc.
                                            618,362           229
     *
        Aptevo    Therapeutics       Inc.
                                            335,112           219
     *,^
        vTv  Therapeutics       Inc.   Class   A
                                            116,755           198
     *
        Miragen     Therapeutics       Inc.
                                            292,449           140
     *,^
        Navidea     Biopharmaceuticals           Inc.
                                            109,561           138
     *
        Cocrystal      Pharma    Inc.
                                            268,535           133
     *,^
        Outlook     Therapeutics       Inc.
                                            223,704           132
     *
        Trevi   Therapeutics       Inc.
                                             32,341          121
                                125/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Aileron     Therapeutics       Inc.
                                            199,290           114
     *
        Retractable       Technologies       Inc.
                                             65,800           99
     *
        Zomedica     Pharmaceuticals         Corp.
                                            294,779           98
     *
        American     Shared    Hospital     Services
                                             36,338           89
     *
        RA  Medical     Systems     Inc.
                                             65,700           74
     *,^
        OncoSec     Medical     Inc.
                                             38,594           70
     *
        Aevi   Genomic     Medicine     Inc.
                                            425,218           62
     *,^
        Imac   Holdings     Inc.
                                             38,906           58
     *
        PDS  Biotechnology        Corp.
                                             20,105           53
     *
        Inmune    Bio  Inc.
                                             8,450          49
     *
        Daxor   Corp.
                                             5,067          48
     *
        Five   Star   Senior    Living    Inc.
                                             9,610          36
     ^,§
        Synergy     Pharmaceuticals         Inc.
                                           5,148,145             33
     *,^
        Predictive      Oncology     Inc.
                                             11,228           29
     *
        Dynatronics       Corp.
                                             32,976           27
     *
        Entasis     Therapeutics       Holdings     Inc.
                                             5,429          27
     *
        Brickell     Biotech     Inc.
                                             15,297           23
     *,^,§
        Oncternal      Therapeutics       Inc.   CVR
                                             8,933          18
     *,^
        Onconova     Therapeutics       Inc.
                                             33,111           13
     *
        Cleveland      BioLabs     Inc.
                                             19,875           12
     *
        NanoViricides        Inc.
                                              967          2
     *
        Galena    Biopharma      Inc  Warrants     Exp.   03/18/2020
                                                        -
                                            157,500
                                                  116,863,672
     資本財・サービス          (13.1   ％ )
        Boeing    Co.
                                          15,062,314         4,906,699
        Accenture      plc  Class   A
                                          17,886,881         3,766,441
        United    Technologies       Corp.
                                          24,306,428         3,640,131
     *
        PayPal    Holdings     Inc.
                                          33,082,634         3,578,549
        Honeywell      International        Inc.
                                          20,133,795         3,563,682
        Union   Pacific     Corp.
                                          19,557,102         3,535,728
        3M  Co.
                                          16,202,829         2,858,503
        General     Electric     Co.
                                          246,031,669          2,745,713
        Danaher     Corp.
                                          17,624,443         2,705,000
        Lockheed     Martin    Corp.
                                           6,750,918         2,628,672
        Fidelity     National     Information       Services     Inc.
                                          17,313,071         2,408,075
        United    Parcel    Service     Inc.   Class   B
                                          19,729,577         2,309,544
        Caterpillar       Inc.
                                          15,569,314         2,299,276
     *
        Fiserv    Inc.
                                          16,267,820         1,881,048
        Automatic      Data   Processing      Inc.
                                          10,972,753         1,870,854
        Raytheon     Co.
                                           7,843,388         1,723,506
        Global    Payments     Inc.
                                           8,460,242         1,544,502
        Deere   & Co.
                                           8,870,796         1,536,954
        CSX  Corp.
                                          20,940,117         1,515,227
        Northrop     Grumman     Corp.
                                           4,274,261         1,470,218
        Illinois     Tool   Works   Inc.
                                           8,147,437         1,463,524
        Norfolk     Southern     Corp.
                                           7,347,299         1,426,331
        Sherwin-Williams          Co.
                                           2,337,827         1,364,216
        Waste   Management      Inc.
                                          11,939,971         1,360,679
        Emerson     Electric     Co.
                                          17,160,626         1,308,669
                                126/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        General     Dynamics     Corp.
                                           6,914,439         1,219,361
        Eaton   Corp.   plc
                                          11,650,429         1,103,529
        Roper   Technologies       Inc.
                                           2,925,810         1,036,410
        FedEx   Corp.
                                           6,620,144         1,001,032
        Amphenol     Corp.   Class   A
                                           8,363,400          905,171
        TE  Connectivity       Ltd.
                                           9,429,331          903,707
        Ingersoll-Rand         plc
                                           6,753,674          897,698
        Johnson     Controls     International        plc
                                          21,759,805          885,842
        TransDigm      Group   Inc.
                                           1,432,914          802,432
        Paychex     Inc.
                                           9,086,455          772,894
        Cummins     Inc.
                                           4,315,013          772,215
        PACCAR    Inc.
                                           9,741,392          770,544
        Parker-Hannifin         Corp.
                                           3,613,679          743,767
        Agilent     Technologies       Inc.
                                           8,716,091          743,570
        Willis    Towers    Watson    plc
                                           3,629,383          732,918
                                127/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Stanley     Black   & Decker    Inc.
                                           4,269,928          707,698
     *
        FleetCor     Technologies       Inc.
                                           2,442,853          702,858
        Verisk    Analytics      Inc.   Class   A
                                           4,604,338          687,612
        Waste   Connections       Inc.
                                           7,427,122          674,308
        Cintas    Corp.
                                           2,474,991          665,971
        Rockwell     Automation      Inc.
                                           3,257,536          660,205
        AMETEK    Inc.
                                           6,411,498          639,483
     *
        CoStar    Group   Inc.
                                           1,031,229          616,984
        Fortive     Corp.
                                           8,037,182          613,960
     *
        Square    Inc.
                                           9,773,462          611,428
        Ball   Corp.
                                           9,232,916          597,093
        Fastenal     Co.
                                          16,105,669          595,104
     *
        Mettler-Toledo         International        Inc.
                                            686,153         544,311
     *
        Keysight     Technologies       Inc.
                                           5,273,315          541,200
        Vulcan    Materials      Co.
                                           3,718,789          535,468
        Republic     Services     Inc.   Class   A
                                           5,876,096          526,674
        Martin    Marietta     Materials      Inc.
                                           1,755,087          490,793
        Dover   Corp.
                                           4,089,537          471,360
        TransUnion
                                           5,301,130          453,830
        WW  Grainger     Inc.
                                           1,291,005          437,031
        Kansas    City   Southern
                                           2,791,815          427,594
     *
        Waters    Corp.
                                           1,813,544          423,735
        Xylem   Inc.
                                           5,071,313          399,569
        Wabtec    Corp.
                                           5,124,682          398,700
        Broadridge      Financial      Solutions      Inc.
                                           3,211,735          396,778
     *
        Zebra   Technologies       Corp.
                                           1,520,344          388,357
        Masco   Corp.
                                           8,069,900          387,275
        Old  Dominion     Freight     Line   Inc.
                                           2,024,609          384,230
        Expeditors      International        of  Washington      Inc.
                                           4,794,618          374,076
        IDEX   Corp.
                                           2,136,048          367,400
     *
        Teledyne     Technologies       Inc.
                                           1,025,602          355,412
     *
        United    Rentals     Inc.
                                           2,117,638          353,158
        Arconic     Inc.
                                          10,989,080          338,134
        Jacobs    Engineering       Group   Inc.
                                           3,755,321          337,340
        Allegion     plc
                                           2,620,716          326,384
        Jack   Henry   & Associates      Inc.
                                           2,172,778          316,509
        Westrock     Co.
                                           7,254,159          311,276
        Packaging      Corp.   of  America
                                           2,663,578          298,294
        CH  Robinson     Worldwide      Inc.
                                           3,812,881          298,167
     *
        Trimble     Inc.
                                           7,034,202          293,256
     *
        Fair   Isaac   Corp.
                                            775,889         290,710
        Huntington      Ingalls     Industries      Inc.
                                           1,147,843          287,971
        Textron     Inc.
                                           6,437,139          287,096
        JB  Hunt   Transport      Services     Inc.
                                           2,404,710          280,822
        Booz   Allen   Hamilton     Holding     Corp.   Class   A
                                           3,927,748          279,381
     *
        Crown   Holdings     Inc.
                                           3,815,024          276,742
        HEICO   Corp.   Class   A
                                           3,049,670          273,037
        Snap-on     Inc.
                                           1,548,376          262,295
        Carlisle     Cos.   Inc.
                                           1,592,575          257,742
                                128/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cognex    Corp.
                                           4,570,768          256,146
     *
        WEX  Inc.
                                           1,215,623          254,624
        Lennox    International        Inc.
                                           1,028,529          250,930
        Universal      Display     Corp.
                                           1,191,065          245,443
        Graco   Inc.
                                           4,689,227          243,840
     *
        Sensata     Technologies       Holding     plc
                                           4,481,613          241,424
        Toro   Co.
                                           2,986,390          237,926
        Nordson     Corp.
                                           1,457,766          237,383
     *
        Euronet     Worldwide      Inc.
                                           1,450,816          228,591
        Hubbell     Inc.   Class   B
                                           1,527,356          225,774
        Genpact     Ltd.
                                           5,344,180          225,364
        Pentair     plc
                                           4,751,969          217,973
        Spirit    AeroSystems       Holdings     Inc.   Class   A
                                           2,911,781          212,211
        AptarGroup      Inc.
                                           1,790,394          207,005
     *
        XPO  Logistics      Inc.
                                           2,593,353          206,690
                                129/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Donaldson      Co.  Inc.
                                           3,563,105          205,306
        Owens   Corning
                                           3,055,871          198,998
        FLIR   Systems     Inc.
                                           3,784,381          197,053
        Robert    Half   International        Inc.
                                           3,108,925          196,329
        Woodward     Inc.
                                           1,652,105          195,675
     *
        Arrow   Electronics       Inc.
                                           2,304,652          195,296
        Xerox   Holdings     Corp.
                                           5,176,930          190,873
     *
        HD  Supply    Holdings     Inc.
                                           4,674,690          188,016
        AO  Smith   Corp.
                                           3,865,252          184,141
        Flowserve      Corp.
                                           3,683,180          183,312
     *
        AECOM
                                           4,226,973          182,309
        ITT  Inc.
                                           2,463,209          182,056
        Oshkosh     Corp.
                                           1,917,703          181,511
     *
        Generac     Holdings     Inc.
                                           1,766,911          177,734
     *
        Berry   Global    Group   Inc.
                                           3,722,405          176,777
        Hexcel    Corp.
                                           2,376,694          174,235
        Sealed    Air  Corp.
                                           4,366,023          173,899
        Sonoco    Products     Co.
                                           2,806,392          173,211
        Curtiss-Wright         Corp.
                                           1,197,147          168,666
        BWX  Technologies       Inc.
                                           2,698,961          167,551
        Lincoln     Electric     Holdings     Inc.
                                           1,731,165          167,456
        MDU  Resources      Group   Inc.
                                           5,590,152          166,083
        Watsco    Inc.
                                            914,183         164,690
     *
        Stericycle      Inc.
                                           2,569,815          163,980
        Quanta    Services     Inc.
                                           3,987,345          162,325
        ManpowerGroup        Inc.
                                           1,665,334          161,704
        Jabil   Inc.
                                           3,862,331          159,630
        Acuity    Brands    Inc.
                                           1,117,985          154,282
        Allison     Transmission       Holdings     Inc.
                                           3,187,105          154,001
        National     Instruments       Corp.
                                           3,525,962          149,289
     *
        Trex   Co.  Inc.
                                           1,647,184          148,049
     *
        Kirby   Corp.
                                           1,607,908          143,956
        Air  Lease   Corp.   Class   A
                                           3,002,279          142,668
     *
        IPG  Photonics      Corp.
                                            975,668         141,394
        Alliance     Data   Systems     Corp.
                                           1,230,157          138,024
     *
        Gardner     Denver    Holdings     Inc.
                                           3,731,667          136,878
        Graphic     Packaging      Holding     Co.
                                           8,185,519          136,289
        EMCOR   Group   Inc.
                                           1,568,399          135,353
        MAXIMUS     Inc.
                                           1,792,574          133,350
        Tetra   Tech   Inc.
                                           1,539,016          132,602
        AGCO   Corp.
                                           1,707,644          131,916
        Landstar     System    Inc.
                                           1,114,973          126,962
        Armstrong      World   Industries      Inc.
                                           1,348,488          126,717
        Brink's     Co.
                                           1,394,761          126,477
        MSA  Safety    Inc.
                                            987,225         124,746
        Littelfuse      Inc.
                                            649,297         124,211
        Crane   Co.
                                           1,422,858          122,906
     *
        Axon   Enterprise      Inc.
                                           1,665,123          122,020
     *
        Clean   Harbors     Inc.
                                           1,413,113          121,174
                                130/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        KBR  Inc.
                                           3,957,648          120,708
        Knight-Swift       Transportation         Holdings     Inc.
                                           3,361,921          120,491
        Avnet   Inc.
                                           2,836,229          120,370
     *
        Paylocity      Holding     Corp.
                                            980,865         118,508
     *
        FTI  Consulting      Inc.
                                           1,049,343          116,120
     *
        Coherent     Inc.
                                            676,200         112,486
     *
        MasTec    Inc.
                                           1,722,309          110,503
        nVent   Electric     plc
                                           4,285,096          109,613
        Timken    Co.
                                           1,928,445          108,591
     *
        Mercury     Systems     Inc.
                                           1,564,837          108,146
        Eagle   Materials      Inc.
                                           1,177,535          106,755
     *
        RBC  Bearings     Inc.
                                            672,541         106,490
     *
        SiteOne     Landscape      Supply    Inc.
                                           1,159,082          105,071
     *
        ASGN   Inc.
                                           1,418,284          100,656
        Exponent     Inc.
                                           1,452,514          100,238
                                131/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        John   Bean   Technologies       Corp.
                                            889,352         100,194
     *
        TopBuild     Corp.
                                            966,941         99,672
        Regal   Beloit    Corp.
                                           1,158,228          99,156
     *
        CoreLogic      Inc.
                                           2,266,670          99,076
        Louisiana-Pacific          Corp.
                                           3,322,191          98,569
        MSC  Industrial      Direct    Co.  Inc.   Class   A
                                           1,254,207          98,418
     *
        Rexnord     Corp.
                                           2,845,848          92,832
        Insperity      Inc.
                                           1,069,506          92,020
        Simpson     Manufacturing        Co.  Inc.
                                           1,131,147          90,752
     *
        Colfax    Corp.
                                           2,479,890          90,218
     *
        Aerojet     Rocketdyne      Holdings     Inc.
                                           1,974,309          90,147
        EnerSys
                                           1,188,605          88,943
        Valmont     Industries      Inc.
                                            593,357         88,873
     *
        Itron   Inc.
                                           1,054,312          88,509
        Macquarie      Infrastructure         Corp.
                                           2,051,792          87,899
        UniFirst     Corp.
                                            434,798         87,821
        Tradeweb     Markets     Inc.   Class   A
                                           1,864,429          86,416
        Kennametal      Inc.
                                           2,340,709          86,349
        Barnes    Group   Inc.
                                           1,369,361          84,846
     *
        Novanta     Inc.
                                            946,731         83,729
     *
        Builders     FirstSource       Inc.
                                           3,240,867          82,350
        GATX   Corp.
                                            990,452         82,059
     *
        AMN  Healthcare      Services     Inc.
                                           1,311,941          81,747
        Ryder   System    Inc.
                                           1,502,380          81,594
     *
        II-VI   Inc.
                                           2,388,467          80,420
        Vishay    Intertechnology         Inc.
                                           3,749,783          79,833
        Watts   Water   Technologies       Inc.   Class   A
                                            787,259         78,537
        Moog   Inc.   Class   A
                                            917,865         78,321
        Universal      Forest    Products     Inc.
                                           1,637,539          78,111
        Brady   Corp.   Class   A
                                           1,332,413          76,294
        World   Fuel   Services     Corp.
                                           1,744,961          75,766
     *
        Summit    Materials      Inc.   Class   A
                                           3,142,216          75,099
     *
        Anixter     International        Inc.
                                            808,620         74,474
        Fluor   Corp.
                                           3,927,579          74,153
     *
        Integer     Holdings     Corp.
                                            920,930         74,070
     *
        Proto   Labs   Inc.
                                            726,734         73,800
     *
        Allegheny      Technologies       Inc.
                                           3,567,445          73,703
        Applied     Industrial      Technologies       Inc.
                                           1,099,940          73,355
        ABM  Industries      Inc.
                                           1,886,672          71,146
        Belden    Inc.
                                           1,282,992          70,565
     *
        WESCO   International        Inc.
                                           1,170,038          69,489
     *
        Saia   Inc.
                                            727,153         67,712
     *
        Fabrinet
                                           1,040,350          67,456
     *
        TriNet    Group   Inc.
                                           1,189,133          67,317
        Silgan    Holdings     Inc.
                                           2,160,342          67,143
        Korn   Ferry
                                           1,569,426          66,544
        Altra   Industrial      Motion    Corp.
                                           1,831,025          66,301
        Albany    International        Corp.   Class   A
                                            866,534         65,787
        Franklin     Electric     Co.  Inc.
                                           1,139,055          65,291
                                132/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Rogers    Corp.
                                            521,076         64,994
        ESCO   Technologies       Inc.
                                            701,344         64,874
     *
        ExlService      Holdings     Inc.
                                            928,943         64,524
     *
        Sanmina     Corp.
                                           1,880,642          64,393
     *
        Advanced     Disposal     Services     Inc.
                                           1,956,788          64,320
     *
        Plexus    Corp.
                                            824,961         63,473
     *
        SPX  Corp.
                                           1,238,553          63,018
     *
        Beacon    Roofing     Supply    Inc.
                                           1,939,177          62,015
        ManTech     International        Corp.   Class   A
                                            758,680         60,603
        HEICO   Corp.
                                            526,014         60,044
        Otter   Tail   Corp.
                                           1,166,281          59,819
     *
        Cimpress     plc
                                            474,612         59,692
        Deluxe    Corp.
                                           1,182,578          59,034
     *
        SPX  FLOW   Inc.
                                           1,202,670          58,774
        AAON   Inc.
                                           1,177,065          58,159
                                133/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Trinity     Industries      Inc.
                                           2,622,573          58,090
     *
        Casella     Waste   Systems     Inc.   Class   A
                                           1,256,851          57,853
        Triton    International        Ltd.
                                           1,438,689          57,835
        Forward     Air  Corp.
                                            810,171         56,671
        Terex   Corp.
                                           1,902,876          56,668
        EVERTEC     Inc.
                                           1,651,042          56,201
        Cubic   Corp.
                                            881,234         56,020
        Federal     Signal    Corp.
                                           1,697,709          54,751
     *
        BMC  Stock   Holdings     Inc.
                                           1,895,128          54,371
     *
        Knowles     Corp.
                                           2,552,817          53,992
     *
        Atkore    International        Group   Inc.
                                           1,325,534          53,631
        Badger    Meter   Inc.
                                            825,839         53,622
        Mueller     Water   Products     Inc.   Class   A
                                           4,442,882          53,226
     *
        Ambarella      Inc.
                                            874,434         52,956
        O-I  Glass   Inc.
                                           4,424,303          52,782
        McGrath     RentCorp
                                            685,341         52,456
        Kaman   Corp.
                                            785,414         51,774
     *
        Masonite     International        Corp.
                                            704,642         50,882
     *
        Kratos    Defense     & Security     Solutions      Inc.
                                           2,819,400          50,777
     *
        Harsco    Corp.
                                           2,183,641          50,246
     *,^
        Verra   Mobility     Corp.   Class   A
                                           3,581,802          50,109
        Comfort     Systems     USA  Inc.
                                           1,004,687          50,084
        Covanta     Holding     Corp.
                                           3,371,015          50,026
        Advanced     Drainage     Systems     Inc.
                                           1,256,226          48,792
     *
        OSI  Systems     Inc.
                                            480,919         48,448
        Matson    Inc.
                                           1,177,568          48,045
        Mueller     Industries      Inc.
                                           1,509,869          47,938
        Aircastle      Ltd.
                                           1,474,038          47,184
        Werner    Enterprises       Inc.
                                           1,291,427          46,995
        Mobile    Mini   Inc.
                                           1,237,481          46,913
     *
        Hub  Group   Inc.   Class   A
                                            912,371         46,796
        ICF  International        Inc.
                                            506,935         46,445
     *
        Gibraltar      Industries      Inc.
                                            916,853         46,246
     *
        Cardtronics       plc  Class   A
                                           1,020,637          45,571
     *
        Huron   Consulting      Group   Inc.
                                            653,393         44,901
        Actuant     Corp.   Class   A
                                           1,694,688          44,113
        AAR  Corp.
                                            967,549         43,636
     *
        JELD-WEN     Holding     Inc.
                                           1,825,759          42,741
        Rush   Enterprises       Inc.   Class   A
                                            918,626         42,716
        Greif   Inc.   Class   A
                                            934,534         41,306
     *
        Resideo     Technologies       Inc.
                                           3,447,005          41,123
        Boise   Cascade     Co.
                                           1,122,893          41,019
     *
        Navistar     International        Corp.
                                           1,412,286          40,872
     *
        TTM  Technologies       Inc.
                                           2,681,516          40,357
     *
        Installed      Building     Products     Inc.
                                            585,725         40,339
     *
        Dycom   Industries      Inc.
                                            854,031         40,268
        Methode     Electronics       Inc.
                                           1,012,689          39,849
        Alamo   Group   Inc.
                                            315,356         39,593
     *
        Sykes   Enterprises       Inc.
                                           1,070,293          39,590
                                134/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        KEMET   Corp.
                                           1,457,096          39,414
        US  Ecology     Inc.
                                            679,515         39,351
     *
        TriMas    Corp.
                                           1,252,470          39,340
     *
        Pluralsight       Inc.   Class   A
                                           2,264,398          38,970
        EnPro   Industries      Inc.
                                            579,749         38,774
        Helios    Technologies       Inc.
                                            834,935         38,599
     *
        CBIZ   Inc.
                                           1,424,224          38,397
     *
        AeroVironment        Inc.
                                            618,412         38,181
     *
        Air  Transport      Services     Group   Inc.
                                           1,604,411          37,639
        Tennant     Co.
                                            481,117         37,489
        Granite     Construction       Inc.
                                           1,344,763          37,210
     *
        Inovalon     Holdings     Inc.   Class   A
                                           1,973,332          37,138
     *
        Cardlytics      Inc.
                                            583,879         36,703
        Benchmark      Electronics       Inc.
                                           1,053,585          36,201
     *
        Continental       Building     Products     Inc.
                                            987,208         35,964
                                135/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Schneider      National     Inc.   Class   B
                                           1,622,288          35,398
        Douglas     Dynamics     Inc.
                                            642,136         35,317
     *
        Livent    Corp.
                                           4,095,053          35,013
     *
        MACOM   Technology      Solutions      Holdings     Inc.
                                           1,313,868          34,949
        AZZ  Inc.
                                            755,247         34,704
        Raven   Industries      Inc.
                                            994,597         34,274
        Triumph     Group   Inc.
                                           1,348,067          34,066
        Encore    Wire   Corp.
                                            566,014         32,489
        Patrick     Industries      Inc.
                                            611,425         32,057
        CSW  Industrials       Inc.
                                            413,588         31,846
     *
        Everi   Holdings     Inc.
                                           2,312,230          31,053
        H&E  Equipment      Services     Inc.
                                            916,733         30,646
        Kadant    Inc.
                                            288,498         30,390
        AVX  Corp.
                                           1,478,940          30,274
        Lindsay     Corp.
                                            312,525         29,999
     *
        Conduent     Inc.
                                           4,828,233          29,935
     *
        GMS  Inc.
                                           1,102,604          29,859
        Greenbrier      Cos.   Inc.
                                            902,095         29,255
        Standex     International        Corp.
                                            360,860         28,634
        Primoris     Services     Corp.
                                           1,254,157          27,892
     *
        Evo  Payments     Inc.   Class   A
                                           1,041,915          27,517
     *
        TrueBlue     Inc.
                                           1,138,467          27,392
        Mesa   Laboratories       Inc.
                                            109,675         27,353
        Astec   Industries      Inc.
                                            634,135         26,634
     ^
        Maxar   Technologies       Inc.
                                           1,691,423          26,505
        MTS  Systems     Corp.
                                            550,352         26,433
     *
        CIRCOR    International        Inc.
                                            568,503         26,288
        Heartland      Express     Inc.
                                           1,232,880          25,952
     ^
        ADT  Inc.
                                           3,185,034          25,257
        Columbus     McKinnon     Corp.
                                            628,649         25,165
     *
        FARO   Technologies       Inc.
                                            495,738         24,960
        CTS  Corp.
                                            828,636         24,867
     *
        Vicor   Corp.
                                            523,087         24,439
        Apogee    Enterprises       Inc.
                                            742,275         24,124
     *
        SEACOR    Holdings     Inc.
                                            556,587         24,017
     *
        Thermon     Group   Holdings     Inc.
                                            886,509         23,758
     *
        PGT  Innovations       Inc.
                                           1,576,403          23,504
        Griffon     Corp.
                                           1,153,151          23,444
     *
        Parsons     Corp.
                                            565,417         23,340
        Kforce    Inc.
                                            582,497         23,125
        Marten    Transport      Ltd.
                                           1,059,019          22,758
        Wabash    National     Corp.
                                           1,524,938          22,401
        Cass   Information       Systems     Inc.
                                            378,071         21,830
        TTEC   Holdings     Inc.
                                            522,427         20,699
     *
        International        Seaways     Inc.
                                            687,748         20,467
     *
        Aegion    Corp.   Class   A
                                            908,626         20,326
     *,^
        Virgin    Galactic     Holdings     Inc.
                                           1,674,100          19,336
     *
        Atlas   Air  Worldwide      Holdings     Inc.
                                            695,506         19,175
        Kelly   Services     Inc.   Class   A
                                            838,394         18,931
                                136/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        US  Concrete     Inc.
                                            451,577         18,813
        ArcBest     Corp.
                                            678,178         18,718
        Barrett     Business     Services     Inc.
                                            206,369         18,668
     *
        Evolent     Health    Inc.   Class   A
                                           2,049,375          18,547
     *
        Great   Lakes   Dredge    & Dock   Corp.
                                           1,619,500          18,349
     *
        Manitowoc      Co.  Inc.
                                           1,034,785          18,109
        Gorman-Rupp       Co.
                                            480,627         18,024
     *
        Wesco   Aircraft     Holdings     Inc.
                                           1,634,361          18,011
     *
        DXP  Enterprises       Inc.
                                            448,764         17,865
     *
        Veeco   Instruments       Inc.
                                           1,213,236          17,816
     *
        Astronics      Corp.
                                            637,040         17,805
        Argan   Inc.
                                            430,345         17,274
        Hyster-Yale       Materials      Handling     Inc.
                                            288,192         16,992
     *
        Gates   Industrial      Corp.   plc
                                           1,234,376          16,985
     *
        Vectrus     Inc.
                                            328,846         16,857
                                137/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        Heidrick     & Struggles      International        Inc.
                                            513,870         16,701
     *,^
        CryoPort     Inc.
                                           1,011,640          16,652
        Spartan     Motors    Inc.
                                            910,040         16,454
        Quanex    Building     Products     Corp.
                                            928,382         15,857
     *
        Ducommun     Inc.
                                            313,160         15,824
     *
        Cornerstone       Building     Brands    Inc.
                                           1,806,247          15,371
     *,^
        GreenSky     Inc.   Class   A
                                           1,693,914          15,076
     *
        Tutor   Perini    Corp.
                                           1,154,271          14,844
        Ennis   Inc.
                                            676,968         14,656
     *
        Echo   Global    Logistics      Inc.
                                            695,419         14,395
     *
        Heritage-Crystal          Clean   Inc.
                                            457,145         14,341
     *
        CAI  International        Inc.
                                            490,004         14,200
     *,^
        Repay   Holdings     Corp.
                                            958,843         14,047
        Myers   Industries      Inc.
                                            838,958         13,994
     *
        NV5  Global    Inc.
                                            276,198         13,934
        Resources      Connection      Inc.
                                            845,605         13,809
     *
        MYR  Group   Inc.
                                            415,211         13,532
     *
        Team   Inc.
                                            824,899         13,174
     *
        Cross   Country     Healthcare      Inc.
                                           1,090,176          12,668
        B.  Riley   Financial      Inc.
                                            494,995         12,464
     *
        Kimball     Electronics       Inc.
                                            698,298         12,255
        Allied    Motion    Technologies       Inc.
                                            239,777         11,629
        Powell    Industries      Inc.
                                            234,582         11,492
        CRA  International        Inc.
                                            208,309         11,347
     *
        Bill.Com     Holdings     Inc.
                                            297,958         11,337
        Miller    Industries      Inc.
                                            303,546         11,271
     *
        Willdan     Group   Inc.
                                            351,669         11,176
        Insteel     Industries      Inc.
                                            507,056         10,897
        Hurco   Cos.   Inc.
                                            281,456         10,797
     *,^
        Energy    Recovery     Inc.
                                           1,102,027          10,789
     *
        Foundation      Building     Materials      Inc.
                                            542,185         10,491
        Omega   Flex   Inc.
                                             97,647         10,477
     *
        Sterling     Construction       Co.  Inc.
                                            741,365         10,438
     *
        UFP  Technologies       Inc.
                                            207,664         10,302
        NN  Inc.
                                           1,072,899           9,924
     *
        Franklin     Covey   Co.
                                            306,004          9,863
     *
        Napco   Security     Technologies       Inc.
                                            335,202          9,852
     *
        Northwest      Pipe   Co.
                                            295,473          9,842
     *
        Lydall    Inc.
                                            469,184          9,628
        NVE  Corp.
                                            134,044          9,571
        Park   Aerospace      Corp.
                                            582,510          9,477
     *
        Vishay    Precision      Group   Inc.
                                            271,246          9,222
     *
        Transcat     Inc.
                                            280,927          8,950
     *
        Blue   Bird   Corp.
                                            389,361          8,924
        REV  Group   Inc.
                                            711,086          8,697
     *
        Veritiv     Corp.
                                            434,094          8,539
     *
        Construction       Partners     Inc.   Class   A
                                            502,180          8,472
        VSE  Corp.
                                            222,668          8,470
     *
        I3  Verticals      Inc.   Class   A
                                            298,571          8,435
                                138/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Donnelley      Financial      Solutions      Inc.
                                            772,993          8,093
        Briggs    & Stratton     Corp.
                                           1,178,569           7,849
     *
        Commercial      Vehicle     Group   Inc.
                                           1,228,695           7,802
        Park-Ohio      Holdings     Corp.
                                            228,966          7,705
     *
        Landec    Corp.
                                            679,061          7,680
        RR  Donnelley      & Sons   Co.
                                           1,908,393           7,538
     *
        InnerWorkings        Inc.
                                           1,340,335           7,385
     *
        Mistras     Group   Inc.
                                            512,655          7,316
        Daktronics      Inc.
                                           1,196,773           7,288
     ^
        Advanced     Emissions      Solutions      Inc.
                                            692,063          7,267
     *
        Ranpak    Holdings     Corp.
                                            881,479          7,184
     *
        Lawson    Products     Inc.
                                            136,932          7,134
     *,^
        Eagle   Bulk   Shipping     Inc.
                                           1,549,972           7,130
     *
        Forterra     Inc.
                                            595,526          6,884
     *
        CECO   Environmental        Corp.
                                            897,446          6,874
                                139/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Iteris    Inc.
                                           1,352,725           6,750
        BG  Staffing     Inc.
                                            291,465          6,380
     *
        Luna   Innovations       Inc.
                                            873,060          6,365
     *
        Era  Group   Inc.
                                            612,810          6,232
     *
        LB  Foster    Co.  Class   A
                                            316,915          6,142
     *,^
        Paysign     Inc.
                                            602,949          6,120
     *
        Acacia    Research     Corp.
                                           2,283,057           6,073
     *
        ShotSpotter       Inc.
                                            236,445          6,029
        Graham    Corp.
                                            266,330          5,827
     *
        DHI  Group   Inc.
                                           1,906,626           5,739
     *
        Willis    Lease   Finance     Corp.
                                             97,208         5,727
     *
        Radiant     Logistics      Inc.
                                           1,027,749           5,725
        Global    Water   Resources      Inc.
                                            433,201          5,697
     *
        Select    Interior     Concepts     Inc.   Class   A
                                            632,053          5,682
     *
        GP  Strategies      Corp.
                                            419,902          5,555
     *
        IES  Holdings     Inc.
                                            212,930          5,464
     *
        Overseas     Shipholding       Group   Inc.   Class   A
                                           2,354,690           5,416
     *
        Universal      Technical      Institute      Inc.
                                            690,275          5,322
        Preformed      Line   Products     Co.
                                             87,151         5,260
        LSI  Industries      Inc.
                                            848,427          5,133
        Eastern     Co.
                                            166,029          5,069
     *,^
        Workhorse      Group   Inc.
                                           1,634,280           4,968
        NACCO   Industries      Inc.   Class   A
                                            106,061          4,967
     *
        Gencor    Industries      Inc.
                                            419,044          4,890
     *
        Covenant     Transportation         Group   Inc.   Class   A
                                            364,019          4,705
     *
        Concrete     Pumping     Holdings     Inc.
                                            857,449          4,690
     *
        Aspen   Aerogels     Inc.
                                            602,795          4,678
     *,^
        BlueLinx     Holdings     Inc.
                                            321,145          4,576
     *
        Intevac     Inc.
                                            637,977          4,504
        Bel  Fuse   Inc.   Class   B
                                            214,012          4,387
     *,2
        Perma-Pipe      International        Holdings     Inc.
                                            465,028          4,362
     *
        IntriCon     Corp.
                                            237,882          4,282
        United    States    Lime   & Minerals     Inc.
                                             47,177         4,260
     *
        OptimizeRx      Corp.
                                            412,615          4,238
     *
        Target    Hospitality       Corp.
                                            841,041          4,205
     *
        ServiceSource        International        Inc.
                                           2,510,464           4,192
     *
        PRGX   Global    Inc.
                                            837,093          4,118
     *
        Orion   Group   Holdings     Inc.
                                            781,265          4,055
     *
        Twin   Disc   Inc.
                                            358,205          3,947
     *
        CyberOptics       Corp.
                                            213,328          3,921
        Universal      Logistics      Holdings     Inc.
                                            205,109          3,889
     *
        Information       Services     Group   Inc.
                                           1,484,288           3,755
     *
        Daseke    Inc.
                                           1,166,261           3,685
     *
        General     Finance     Corp.
                                            329,977          3,653
     *
        Orion   Energy    Systems     Inc.
                                           1,024,668           3,433
     *
        Babcock     & Wilcox    Enterprises       Inc.
                                            918,791          3,344
     *
        PAM  Transportation         Services     Inc.
                                             56,554         3,264
     *
        StarTek     Inc.
                                            400,479          3,196
        Quad/Graphics        Inc.
                                            683,715          3,193
                                140/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Ultralife      Corp.
                                            430,397          3,181
     *
        Manitex     International        Inc.
                                            512,122          3,047
     *,^
        Turtle    Beach   Corp.
                                            315,828          2,985
     *
        CPI  Aerostructures         Inc.
                                            436,504          2,938
     *
        Goldfield      Corp.
                                            812,034          2,883
     *
        Hill   International        Inc.
                                            901,699          2,849
     *
        US  Xpress    Enterprises       Inc.   Class   A
                                            536,547          2,699
     *,^
        EVI  Industries      Inc.
                                             98,274         2,657
     *,^
        YRC  Worldwide      Inc.
                                           1,017,816           2,595
     *,^
        Asure   Software     Inc.
                                            316,621          2,590
     *
        Armstrong      Flooring     Inc.
                                            582,389          2,487
     *,^
        Research     Frontiers      Inc.
                                            808,942          2,435
     *,^
        ExOne   Co.
                                            324,278          2,419
     *
        Frequency      Electronics       Inc.
                                            192,502          1,965
     *
        Horizon     Global    Corp.
                                            556,734          1,943
                                141/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Perma-Fix      Environmental        Services
                                            211,854          1,928
     *
        Houston     Wire   & Cable   Co.
                                            433,061          1,910
     *
        Mayville     Engineering       Co.  Inc.
                                            188,878          1,772
     *,^
        MicroVision       Inc.
                                           2,382,933           1,716
     *
        IEC  Electronics       Corp.
                                            187,870          1,708
     *
        Vertex    Energy    Inc.
                                           1,091,322           1,681
        RF  Industries      Ltd.
                                            245,831          1,662
        Richardson      Electronics       Ltd.
                                            294,196          1,656
     *,^
        Wrap   Technologies       Inc.
                                            248,688          1,589
     *,^
        Coda   Octopus     Group   Inc.
                                            183,468          1,536
     *
        Sharps    Compliance      Corp.
                                            345,533          1,458
     *
        Patriot     Transportation         Holding     Inc.
                                             73,583         1,433
     *
        Volt   Information       Sciences     Inc.
                                            572,256          1,419
     *
        ARC  Document     Solutions      Inc.
                                            997,830          1,387
     *
        PFSweb    Inc.
                                            350,145          1,338
     *,^
        Energous     Corp.
                                            704,229          1,246
     *
        Nesco   Holdings     Inc.
                                            298,528          1,227
     *
        USA  Truck   Inc.
                                            139,872          1,042
     *,^
        Aqua   Metals    Inc.
                                           1,348,801           1,019
     *
        Alpha   Pro  Tech   Ltd.
                                            293,929          1,008
     *
        Issuer    Direct    Corp.
                                             81,722          955
     *
        DLH  Holdings     Corp.
                                            210,584           882
        Greif   Inc.   Class   B
                                             16,527          856
     *,^
        Hudson    Technologies       Inc.
                                            872,556           853
     *
        Innovative      Solutions      & Support     Inc.
                                            137,843           805
        Espey   Manufacturing        & Electronics       Corp.
                                             36,520          789
     *
        Perceptron      Inc.
                                            139,462           767
     *,^
        CUI  Global    Inc.
                                            688,520           757
        Hudson    Global    Inc.
                                             63,373          757
     *
        MTBC   Inc.
                                            177,257           720
     *
        Charah    Solutions      Inc.
                                            286,337           699
     *
        Air  T Inc.
                                             32,804          661
     *
        Broadwind      Energy    Inc.
                                            380,668           632
     *
        HireQuest      Inc.
                                             88,206          625
     *
        Huttig    Building     Products     Inc.
                                            400,145           616
     *,^
        Verb   Technology      Co.  Inc.
                                            383,334           594
     *
        FreightCar      America     Inc.
                                            276,496           572
     *
        LGL  Group   Inc.
                                             37,858          568
     *
        Limbach     Holdings     Inc.
                                            149,531           565
        Ecology     and  Environment       Inc.
                                             36,249          562
     *
        SIFCO   Industries      Inc.
                                            138,297           546
     *,^
        Odyssey     Marine    Exploration       Inc.
                                            167,947           536
     *,^
        Capstone     Turbine     Corp.
                                            164,075           502
     *
        Steel   Connect     Inc.
                                            322,523           471
        AMCON   Distributing       Co.
                                             6,102          439
     *
        Wireless     Telecom     Group   Inc.
                                            305,882           437
     *
        Ballantyne      Strong    Inc.
                                            124,748           404
     *,^
        Applied     DNA  Sciences     Inc.
                                             88,084          369
        Rush   Enterprises       Inc.   Class   B
                                             7,769          355
                                142/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Image   Sensing     Systems     Inc.
                                             79,211          355
     *
        eMagin    Corp.
                                            915,968           315
     *
        Tecogen     Inc.
                                            145,349           308
     *
        ALJ  Regional     Holdings     Inc.
                                            266,005           306
     *,^
        Boxlight     Corp.   Class   A
                                            268,979           299
        Chicago     Rivet   & Machine     Co.
                                             11,238          290
     *
        Lightbridge       Corp.
                                             59,325          267
     *
        Jewett-Cameron         Trading     Co.  Ltd.
                                             32,900          254
        Amcor   plc
                                             23,377          253
     *
        Usio   Inc.
                                            142,603           222
     *
        LightPath      Technologies       Inc.   Class   A
                                            292,810           212
     *
        Rubicon     Technology      Inc.
                                             25,149          209
     *
        Pioneer     Power   Solutions      Inc.
                                             90,658          206
     *
        Taylor    Devices     Inc.
                                             18,441          194
     *
        ClearSign      Combustion      Corp.
                                            240,083           183
                                143/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Fuel   Tech   Inc.
                                            189,010           176
     *
        ENGlobal     Corp.
                                            172,651           169
     *,^
        Digital     Ally   Inc.
                                            151,478           155
     *
        Air  Industries      Group
                                             52,742          121
     *
        Document     Security     Systems     Inc.
                                            263,284           79
     *
        Continental       Materials      Corp.
                                             9,241          73
     *
        Marathon     Patent    Group   Inc.
                                             72,661           64
     *
        Quest   Resource     Holding     Corp.
                                             25,955           57
     *
        Hoth   Therapeutics       Inc.
                                             8,642          53
        Servotronics       Inc.
                                             5,014          50
        Bel  Fuse   Inc.   Class   A
                                             2,976          48
     *
        Summit    Wireless     Technologies       Inc.
                                             67,677           41
     *
        Sypris    Solutions      Inc.
                                             35,375           28
     *
        AeroCentury       Corp.
                                             3,579          16
     *
        Polar   Power   Inc.
                                             5,108          12
     *
        Air  T Inc.   Warrants     Exp.   06/07/2020
                                             90,675           5
     *,§
        Patriot     National     Inc.
                                            129,819            3
     *
        Electro-Sensors         Inc.
                                              200          1
     *
        Dorian    LPG  Ltd.
                                                        -
                                               20
                                                  117,584,949
     石油・ガス      (4.0  ％ )
        Exxon   Mobil   Corp.
                                          119,196,797          8,317,553
        Chevron     Corp.
                                          53,266,865         6,419,190
        ConocoPhillips
                                          30,924,238         2,011,003
        Schlumberger       Ltd.
                                          38,993,015         1,567,519
        Phillips     66
                                          12,514,996         1,394,296
        EOG  Resources      Inc.
                                          16,375,183         1,371,585
        Kinder    Morgan    Inc.
                                          54,188,472         1,147,170
        Marathon     Petroleum      Corp.
                                          18,302,057         1,102,699
        Valero    Energy    Corp.
                                          11,574,788         1,083,979
        Occidental      Petroleum      Corp.
                                          25,183,612         1,037,817
        ONEOK   Inc.
                                          11,628,292          879,913
        Williams     Cos.   Inc.
                                          34,141,403          809,834
        Pioneer     Natural     Resources      Co.
                                           4,673,247          707,389
        Halliburton       Co.
                                          23,485,795          574,697
        Hess   Corp.
                                           7,712,456          515,269
        Concho    Resources      Inc.
                                           5,665,510          496,129
        Baker   Hughes    ▶ GE  Co.  Class   A
                                          18,307,207          469,214
        Diamondback       Energy    Inc.
                                           4,528,562          420,522
     *
        Cheniere     Energy    Inc.
                                           6,464,517          394,788
        Noble   Energy    Inc.
                                          13,471,568          334,634
        Marathon     Oil  Corp.
                                          22,495,157          305,484
        National     Oilwell     Varco   Inc.
                                          10,906,698          273,213
        Apache    Corp.
                                          10,605,355          271,391
        Devon   Energy    Corp.
                                          10,302,264          267,550
        Targa   Resources      Corp.
                                           6,551,333          267,491
        HollyFrontier        Corp.
                                           4,097,535          207,786
        Cabot   Oil  & Gas  Corp.
                                          11,508,217          200,358
     *
        WPX  Energy    Inc.
                                          11,729,350          161,161
                                144/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cimarex     Energy    Co.
                                           2,868,393          150,562
        Parsley     Energy    Inc.   Class   A
                                           7,534,988          142,487
        Helmerich      & Payne   Inc.
                                           2,887,757          131,191
     *
        First   Solar   Inc.
                                           2,083,040          116,567
        Murphy    Oil  Corp.
                                           4,219,857          113,092
     *
        Transocean      Ltd.
                                          16,376,614          112,671
        PBF  Energy    Inc.   Class   A
                                           2,866,367          89,918
        EQT  Corp.
                                           7,208,083          78,568
        Equitrans      Midstream      Corp.
                                           5,776,873          77,179
     *
        Apergy    Corp.
                                           2,206,910          74,549
        Continental       Resources      Inc.
                                           2,124,498          72,870
        Delek   US  Holdings     Inc.
                                           2,091,128          70,116
     *
        Chart   Industries      Inc.
                                           1,012,794          68,354
     *,^
        Enphase     Energy    Inc.
                                           2,419,116          63,212
        Arcosa    Inc.
                                           1,370,728          61,066
                                145/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     ^
        Antero    Midstream      Corp.
                                           7,787,074          59,104
     *
        Matador     Resources      Co.
                                           3,148,940          56,586
        Patterson-UTI        Energy    Inc.
                                           5,277,085          55,409
     *
        Callon    Petroleum      Co.
                                          10,996,753           53,114
     *
        Dril-Quip      Inc.
                                           1,026,848          48,169
        Core   Laboratories       NV
                                           1,258,385          47,403
        Cactus    Inc.   Class   A
                                           1,340,036          45,990
     *
        PDC  Energy    Inc.
                                           1,747,549          45,733
     *,^
        Chesapeake      Energy    Corp.
                                          55,025,332           45,429
        Archrock     Inc.
                                           4,268,890          42,860
     *
        Oceaneering       International        Inc.
                                           2,818,943          42,030
     *
        Magnolia     Oil  & Gas  Corp.   Class   A
                                           3,251,616          40,905
     *
        Helix   Energy    Solutions      Group   Inc.
                                           4,039,251          38,898
     *
        Southwestern       Energy    Co.
                                          15,347,255           37,140
     *,^
        Valaris     plc  Class   A
                                           5,539,692          36,340
        SM  Energy    Co.
                                           3,165,498          35,580
     *
        NOW  Inc.
                                           3,112,337          34,983
        CVR  Energy    Inc.
                                            853,356         34,501
     *
        CNX  Resources      Corp.
                                           3,680,669          32,574
     *
        MRC  Global    Inc.
                                           2,272,136          30,992
        QEP  Resources      Inc.
                                           6,731,320          30,291
        NexTier     Oilfield     Solutions      Inc.
                                           4,462,507          29,899
     ^
        Range   Resources      Corp.
                                           6,106,465          29,616
     *
        SRC  Energy    Inc.
                                           6,901,198          28,433
     *
        Renewable      Energy    Group   Inc.
                                           1,054,732          28,425
        Nabors    Industries      Ltd.
                                           9,677,647          27,872
     *
        Centennial      Resource     Development       Inc.   Class   A
                                           5,853,635          27,044
     *
        ProPetro     Holding     Corp.
                                           2,401,449          27,016
     *
        Oasis   Petroleum      Inc.
                                           8,224,751          26,813
     *,^
        Plug   Power   Inc.
                                           8,459,177          26,731
     *
        Oil  States    International        Inc.
                                           1,562,829          25,490
     *
        Par  Pacific     Holdings     Inc.
                                           1,086,791          25,257
     *
        Antero    Resources      Corp.
                                           7,426,844          21,167
     *,^
        Tellurian      Inc.
                                           2,764,646          20,127
     *
        Northern     Oil  and  Gas  Inc.
                                           8,063,300          18,868
     *,^
        Whiting     Petroleum      Corp.
                                           2,516,380          18,470
     *
        Denbury     Resources      Inc.
                                          12,999,073           18,329
     *
        Tidewater      Inc.
                                            941,697         18,156
     *
        SunPower     Corp.   Class   A
                                           2,311,973          18,033
        Liberty     Oilfield     Services     Inc.   Class   A
                                           1,615,114          17,960
     ^
        DMC  Global    Inc.
                                            395,641         17,780
        Brigham     Minerals     Inc.
                                            770,431         16,518
        Berry   Petroleum      Corp.
                                           1,724,247          16,260
     *
        Talos   Energy    Inc.
                                            534,530         16,116
     *
        Matrix    Service     Co.
                                            691,752         15,827
     *
        TPI  Composites      Inc.
                                            853,153         15,792
        Green   Plains    Inc.
                                           1,020,562          15,747
     *,^
        FuelCell     Energy    Inc.
                                           6,198,287          15,558
     *,^
        Jagged    Peak   Energy    Inc.
                                           1,823,880          15,485
                                146/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Select    Energy    Services     Inc.   Class   A
                                           1,636,129          15,183
     *
        Newpark     Resources      Inc.
                                           2,408,585          15,102
     *
        Laredo    Petroleum      Inc.
                                           5,058,250          14,517
     *
        W&T  Offshore     Inc.
                                           2,527,654          14,054
     *
        Penn   Virginia     Corp.
                                            439,491         13,339
     *
        REX  American     Resources      Corp.
                                            162,073         13,284
     *,^
        Diamond     Offshore     Drilling     Inc.
                                           1,757,345          12,635
     *
        Bonanza     Creek   Energy    Inc.
                                            519,376         12,122
        Solaris     Oilfield     Infrastructure         Inc.   Class   A
                                            859,497         12,033
     *
        Gulfport     Energy    Corp.
                                           3,931,369          11,951
     *,^
        California      Resources      Corp.
                                           1,309,658          11,826
     ^
        RPC  Inc.
                                           1,678,674           8,796
     *
        Noble   Corp.   plc
                                           7,133,017           8,702
     *
        Trecora     Resources
                                           1,213,626           8,677
     *
        Ameresco     Inc.   Class   A
                                            472,745          8,273
                                147/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        SEACOR    Marine    Holdings     Inc.
                                            530,041          7,309
     *
        Exterran     Corp.
                                            905,914          7,093
     *
        TETRA   Technologies       Inc.
                                           3,415,280           6,694
        Falcon    Minerals     Corp.
                                            918,900          6,487
     *
        Parker    Drilling     Co.
                                            279,913          6,298
     *
        Contango     Oil  & Gas  Co.
                                           1,698,422           6,233
     *
        Geospace     Technologies       Corp.
                                            370,223          6,209
     *,^
        Altus   Midstream      Co.  Class   A
                                           2,047,083           5,855
     *
        HighPoint      Resources      Corp.
                                           3,029,949           5,121
        Amplify     Energy    Corp.
                                            772,672          5,107
     *
        American     Superconductor         Corp.
                                            611,757          4,802
     *
        Natural     Gas  Services     Group   Inc.
                                            365,316          4,479
     *,^
        Extraction      Oil  & Gas  Inc.
                                           2,112,129           4,478
     *
        SandRidge      Energy    Inc.
                                            959,542          4,068
        Panhandle      Oil  and  Gas  Inc.   Class   A
                                            352,515          3,952
     *
        Montage     Resources      Corp.
                                            492,406          3,910
     *
        KLX  Energy    Services     Holdings     Inc.
                                            588,372          3,789
     *
        Flotek    Industries      Inc.
                                           1,892,315           3,785
        Evolution      Petroleum      Corp.
                                            633,497          3,465
     *
        Forum   Energy    Technologies       Inc.
                                           2,020,961           3,395
     *,^
        McDermott      International        Inc.
                                           4,871,030           3,296
     *
        PrimeEnergy       Resources      Corp.
                                             21,616         3,270
     *,^
        Ring   Energy    Inc.
                                           1,214,955           3,208
     *
        VAALCO    Energy    Inc.
                                           1,411,904           3,134
     *
        Gulf   Island    Fabrication       Inc.
                                            540,255          2,739
     *
        ION  Geophysical       Corp.
                                            314,750          2,732
     *
        Goodrich     Petroleum      Corp.
                                            265,810          2,669
        Adams   Resources      & Energy    Inc.
                                             61,593         2,345
     *
        Earthstone      Energy    Inc.   Class   A
                                            361,929          2,291
     *
        Nine   Energy    Service     Inc.
                                            289,270          2,262
     *
        National     Energy    Services     Reunited     Corp.
                                            224,364          2,046
     *,^
        Covia   Holdings     Corp.
                                            944,310          1,926
     *
        SilverBow      Resources      Inc.
                                            191,149          1,892
     *
        Chaparral      Energy    Inc.   Class   A
                                           1,059,360           1,865
     *
        Abraxas     Petroleum      Corp.
                                           4,759,228           1,671
     *
        US  Well   Services     Inc.
                                            739,453          1,398
     *,^
        Smart   Sand   Inc.
                                            511,406          1,289
     *
        Lonestar     Resources      US  Inc.   Class   A
                                            458,790          1,197
     *
        Dawson    Geophysical       Co.
                                            476,758          1,144
     *
        Ranger    Energy    Services     Inc.
                                            167,815          1,081
     *
        Independence       Contract     Drilling     Inc.
                                           1,051,282           1,048
     *,^
        Torchlight      Energy    Resources      Inc.
                                           1,284,189            976
     *
        Mitcham     Industries      Inc.
                                            333,773           958
     *
        FTS  International        Inc.
                                            869,610           904
     *
        Unit   Corp.
                                           1,280,836            891
     *,^
        Pacific     Ethanol     Inc.
                                            980,570           637
     *
        Quintana     Energy    Services     Inc.
                                            221,242           622
     *,^
        Infrastructure         and  Energy    Alternatives       Inc.
                                            187,458           604
     *
        Gevo   Inc.
                                            192,158           444
                                148/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Epsilon     Energy    Ltd.
                                            133,469           440
        Mammoth     Energy    Services     Inc.
                                            194,314           428
     *
        NCS  Multistage      Holdings     Inc.
                                            178,351           375
     *,^
        Taronis     Technologies       Inc.
                                            351,640           319
     *,^
        Lilis   Energy    Inc.
                                            690,800           263
     *,^
        American     Resources      Corp.   Class   A
                                            296,782           187
     *,^
        Talos   Energy    Inc.   Warrants     Exp.   02/28/2021
                                            116,107           187
     *
        Superior     Drilling     Products     Inc.
                                            187,537           154
     *,^
        Zion   Oil  & Gas  Inc.
                                            831,368           144
     *
        Rosehill     Resources      Inc.   Class   A
                                            103,433           132
     *,^,§
        Taronis     Fuels   Inc.
                                           1,758,200            130
        TechnipFMC      plc
                                             5,981          128
     *,^
        Enservco     Corp.
                                            529,212           99
     *
        Aemetis     Inc.
                                            104,265           87
     *,^
        PEDEVCO     Corp.
                                             42,749           71
                                149/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^
        Alta   Mesa   Resources      Inc.   Class   A
                                           2,645,853             41
     §
        SemGroup     Corp.   Class   A
                                             2,560          39
     *,^
        Hornbeck     Offshore     Services     Inc.
                                            334,485           35
     *
        Tidewater      Inc.   Class   A
                                             8,839          14
     *
        Tidewater      Inc.   Class   B
                                             9,555          11
     *
        Pioneer     Energy    Services     Corp.
                                            320,008           10
     *,^
        Houston     American     Energy    Corp.
                                             38,447           6
        Energy    Transfer     Equity    LP
                                              345          ▶
     *,^
        Bonanza     Creek   Energy    Inc.   Warrants     Exp.   04/28/2020
                                             33,839           1
     *,§
        Jones   Energy    Inc.   Class   A
                                              782          -
     *,^,§
        Harvest     Natural     Resources      Inc.
                                             51,829           -
     *,§
        Rex  Energy    Corp.
                                                        -
                                              302
                                                   36,261,723
     その他    (0.0  ％ )3
     *,§
        Alder   BioPharmaceuticals           CVR  Exp.   12/31/2024
                                           2,021,007           1,779
     *,^,§
        Tobira    Therapeutics       CVR  Exp.   12/31/2028
                                            201,001           911
     *,§
        A Schulman     Inc.   CVR
                                            659,182           285
     *,§
        New  York   REIT   Liquidating       LLC
                                             19,100          248
     *,^,§
        Ocera   Therapeutics       CVR  Line
                                            653,477           176
     *,§
        Corium    CVR
                                            782,067           141
     *,§
        NewStar     Financial      Inc.   CVR
                                            551,185           133
     *,§
        Ambit   Biosciences       Corp.   CVR
                                            201,330           121
     *,§
        Media   General     Inc.   CVR
                                           2,351,934             91
     *
        Kadmon    Warrants     Exp.   09/29/2022
                                            169,257           80
     *,§
        Omthera     Pharmaceuticals         Inc.   CVR
                                            121,311           73
     *,§
        OncoMed     Pharmaceuticals         Inc.   CVR
                                            255,777           70
     *,§
        Social    Reality     Inc.   Rights
                                            148,260           27
     *,§
        Aratana     Therapeutics       Inc.   CVR
                                            575,457           15
     *,§
        Alexza    Pharmaceuticals         Inc.   CVR
                                            327,391           11
     *,§
        Seventy     Seven   Energy    Inc.   Escrow    Line
                                             7,222           1
     *,§
        OncoMed     Pharmaceuticals         Inc.   CVR  (XNGS)
                                             40,724           -
     *,§
        Clinical     Data   CVR
                                            216,285            -
     *,^,§
        Biosante     Pharmaceutical         Inc.   CVR
                                            253,823            -
     *,§
        TheStreet      CVR
                                            118,721            -
     *,§
        NuPathe     Inc.   CVR
                                            158,681            -
     *
        Advaxis     Inc.   Warrants     Exp.   09/11/2024
                                                        -
                                            157,660
                                                      4,162
     テクノロジー       (21.8   ％ )
        Microsoft      Corp.
                                          214,894,399         33,888,847
        Apple   Inc.
                                          112,647,486         33,078,934
     *
        Facebook     Inc.   Class   A
                                          67,790,793         13,914,060
     *
        Alphabet     Inc.   Class   A
                                           8,433,695        11,296,007
     *
        Alphabet     Inc.   Class   C
                                           8,233,074        11,007,785
        Intel   Corp.
                                          122,533,964          7,333,658
        Cisco   Systems     Inc.
                                          119,505,808          5,731,499
     *
        Adobe   Inc.
                                          13,636,027         4,497,298
        NVIDIA    Corp.
                                          16,376,180         3,853,315
     *
        salesforce.com         Inc.
                                          23,468,715         3,816,952
        Texas   Instruments       Inc.
                                          26,327,998         3,377,619
                                150/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Broadcom     Inc.
                                          10,616,046         3,354,883
        International        Business     Machines     Corp.
                                          24,946,286         3,343,800
        Oracle    Corp.
                                          60,104,577         3,184,340
        QUALCOMM     Inc.
                                          32,166,321         2,838,035
        Intuit    Inc.
                                           6,963,214         1,823,875
     *
        Micron    Technology      Inc.
                                          31,184,716         1,677,114
        Applied     Materials      Inc.
                                          26,017,483         1,588,107
     *
        ServiceNow      Inc.
                                           5,313,797         1,500,191
     *
        Advanced     Micro   Devices     Inc.
                                          31,372,301         1,438,734
        Analog    Devices     Inc.
                                          10,376,442         1,233,136
        L3Harris     Technologies       Inc.
                                           6,231,979         1,233,122
        Lam  Research     Corp.
                                           4,084,022         1,194,168
     *
        Autodesk     Inc.
                                           6,181,929         1,134,137
        Cognizant      Technology      Solutions      Corp.   Class   A
                                          15,434,809          957,267
                                151/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        HP  Inc.
                                          41,752,652          858,017
        KLA  Corp.
                                           4,448,375          792,567
        Motorola     Solutions      Inc.
                                           4,826,137          777,684
     *
        Workday     Inc.   Class   A
                                           4,620,392          759,823
        Microchip      Technology      Inc.
                                           6,724,114          704,149
        Xilinx    Inc.
                                           7,087,249          692,920
     *
        Twitter     Inc.
                                          20,777,810          665,929
     *
        Splunk    Inc.
                                           4,338,081          649,714
        Corning     Inc.
                                          21,677,884          631,043
        Cerner    Corp.
                                           8,415,910          617,644
     *
        ANSYS   Inc.
                                           2,369,763          610,001
     *
        Palo   Alto   Networks     Inc.
                                           2,620,834          606,068
     *
        Synopsys     Inc.
                                           4,231,878          589,077
        Skyworks     Solutions      Inc.
                                           4,800,558          580,291
        Hewlett     Packard     Enterprise      Co.
                                          36,472,723          578,457
        CDW  Corp.
                                           4,049,435          578,421
     *
        VeriSign     Inc.
                                           2,980,427          574,269
     *
        IAC/InterActiveCorp
                                           2,219,354          552,863
     *
        Cadence     Design    Systems     Inc.
                                           7,898,620          547,848
     *
        Veeva   Systems     Inc.   Class   A
                                           3,705,590          521,228
        Western     Digital     Corp.
                                           7,961,077          505,290
        Marvell     Technology      Group   Ltd.
                                          18,769,533          498,519
        Maxim   Integrated      Products     Inc.
                                           7,629,263          469,276
     *
        Snap   Inc.
                                          27,260,325          445,161
     *
        Fortinet     Inc.
                                           4,084,922          436,106
        NortonLifeLock         Inc.
                                          15,801,617          403,257
        NetApp    Inc.
                                           6,429,374          400,229
        Leidos    Holdings     Inc.
                                           3,994,378          391,010
        Citrix    Systems     Inc.
                                           3,482,724          386,234
     *
        Qorvo   Inc.
                                           3,272,490          380,362
        Seagate     Technology      plc
                                           6,285,103          373,964
     *
        Akamai    Technologies       Inc.
                                           4,328,371          373,885
        SS&C   Technologies       Holdings     Inc.
                                           6,055,730          371,822
     *
        Gartner     Inc.
                                           2,396,952          369,370
     *
        Paycom    Software     Inc.
                                           1,393,352          368,904
     *
        RingCentral       Inc.   Class   A
                                           2,107,552          355,481
     *
        Okta   Inc.
                                           3,004,361          346,613
     *
        Twilio    Inc.   Class   A
                                           3,508,592          344,824
     *
        Tyler   Technologies       Inc.
                                           1,096,184          328,877
     *
        VMware    Inc.   Class   A
                                           2,155,239          327,144
     *
        GoDaddy     Inc.   Class   A
                                           4,816,397          327,130
        Teradyne     Inc.
                                           4,719,871          321,848
     *
        EPAM   Systems     Inc.
                                           1,472,320          312,367
     *
        Arista    Networks     Inc.
                                           1,509,069          306,945
     *
        Dell   Technologies       Inc.
                                           5,858,398          301,063
     *
        DocuSign     Inc.   Class   A
                                           3,966,166          293,933
     *
        ON  Semiconductor        Corp.
                                          11,560,134          281,836
        DXC  Technology      Co.
                                           7,228,256          271,710
     *
        Coupa   Software     Inc.
                                           1,770,349          258,914
                                152/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Black   Knight    Inc.
                                           3,991,959          257,402
     *
        Guidewire      Software     Inc.
                                           2,323,534          255,054
        Cypress     Semiconductor        Corp.
                                          10,391,866          242,442
     *
        Zendesk     Inc.
                                           3,159,692          242,127
     *
        F5  Networks     Inc.
                                           1,707,295          238,424
     *
        Aspen   Technology      Inc.
                                           1,928,191          233,176
        Juniper     Networks     Inc.
                                           9,464,161          233,102
     *
        PTC  Inc.
                                           2,917,031          218,456
        Monolithic      Power   Systems     Inc.
                                           1,158,269          206,195
     *
        Ceridian     HCM  Holding     Inc.
                                           2,832,065          192,241
        Entegris     Inc.
                                           3,808,304          190,758
        CDK  Global    Inc.
                                           3,413,867          186,670
     *
        Ciena   Corp.
                                           4,348,961          185,657
     *
        Proofpoint      Inc.
                                           1,592,627          182,802
     *
        HubSpot     Inc.
                                           1,147,698          181,910
                                153/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        CACI   International        Inc.   Class   A
                                            700,370         175,085
     *
        MongoDB     Inc.
                                           1,327,893          174,764
        MKS  Instruments       Inc.
                                           1,534,448          168,805
     *
        Lumentum     Holdings     Inc.
                                           2,066,523          163,875
     *
        Pinterest      Inc.   Class   A
                                           8,649,940          161,235
     *
        Nutanix     Inc.
                                           4,900,122          153,178
     *,^
        Slack   Technologies       Inc.   Class   A
                                           6,610,884          148,613
        SYNNEX    Corp.
                                           1,147,639          147,816
     *
        Anaplan     Inc.
                                           2,789,253          146,157
     *
        Tech   Data   Corp.
                                            998,007         143,314
     *
        Manhattan      Associates      Inc.
                                           1,796,617          143,280
     *
        Silicon     Laboratories       Inc.
                                           1,231,826          142,867
     *
        Nuance    Communications         Inc.
                                           7,992,585          142,508
        Science     Applications       International        Corp.
                                           1,632,102          142,026
     *
        Cree   Inc.
                                           3,016,639          139,218
     *
        Avalara     Inc.
                                           1,844,550          135,113
     *
        Cirrus    Logic   Inc.
                                           1,629,015          134,247
     *
        Alteryx     Inc.   Class   A
                                           1,314,396          131,532
     *
        NCR  Corp.
                                           3,603,648          126,704
     *
        Smartsheet      Inc.   Class   A
                                           2,795,586          125,578
        j2  Global    Inc.
                                           1,299,461          121,772
     *,^
        Match   Group   Inc.
                                           1,482,112          121,696
     *
        RealPage     Inc.
                                           2,256,965          121,312
     *
        ViaSat    Inc.
                                           1,625,611          118,987
        Cabot   Microelectronics          Corp.
                                            819,510         118,272
        LogMeIn     Inc.
                                           1,379,113          118,245
     *
        ACI  Worldwide      Inc.
                                           3,096,747          117,320
        Blackbaud      Inc.
                                           1,396,846          111,189
     *
        Pure   Storage     Inc.   Class   A
                                           6,404,513          109,581
     *
        Five9   Inc.
                                           1,648,945          108,138
     *
        Dropbox     Inc.   Class   A
                                           5,999,164          107,445
     *
        Verint    Systems     Inc.
                                           1,892,425          104,765
        Perspecta      Inc.
                                           3,887,005          102,772
     *
        Semtech     Corp.
                                           1,889,129          99,935
     *
        Q2  Holdings     Inc.
                                           1,226,275          99,426
     *
        New  Relic   Inc.
                                           1,501,016          98,632
     *
        Envestnet      Inc.
                                           1,392,598          96,967
     *
        Viavi   Solutions      Inc.
                                           6,434,687          96,520
     *
        Inphi   Corp.
                                           1,287,132          95,274
     *
        Cornerstone       OnDemand     Inc.
                                           1,623,420          95,051
     *
        FireEye     Inc.
                                           5,727,849          94,681
        Pegasystems       Inc.
                                           1,115,155          88,822
     *
        Zscaler     Inc.
                                           1,806,498          84,002
     *
        Teradata     Corp.
                                           3,137,762          83,998
        Brooks    Automation      Inc.
                                           1,941,539          81,467
        Cogent    Communications         Holdings     Inc.
                                           1,200,715          79,019
        Power   Integrations       Inc.
                                            792,936         78,429
     *
        Qualys    Inc.
                                            938,007         78,202
     *
        Advanced     Energy    Industries      Inc.
                                           1,084,524          77,218
                                154/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        CommScope      Holding     Co.  Inc.
                                           5,435,223          77,126
     *
        Everbridge      Inc.
                                            938,837         73,304
     *
        Elastic     NV
                                           1,121,526          72,114
     *
        Lattice     Semiconductor        Corp.
                                           3,728,241          71,359
     *
        Rapid7    Inc.
                                           1,267,840          71,024
     *
        Premier     Inc.   Class   A
                                           1,870,353          70,849
     *
        Acacia    Communications         Inc.
                                           1,033,000          70,048
     *
        Insight     Enterprises       Inc.
                                            988,827         69,505
     *
        Box  Inc.
                                           3,916,557          65,720
     *
        Diodes    Inc.
                                           1,156,012          65,164
     *
        Bottomline      Technologies       de  Inc.
                                           1,214,398          65,092
     *
        Blackline      Inc.
                                           1,260,077          64,970
     *
        PROS   Holdings     Inc.
                                           1,074,488          64,383
     *
        Varonis     Systems     Inc.
                                            822,755         63,936
     *
        LivePerson      Inc.
                                           1,648,173          60,982
                                155/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *,^
        Cloudera     Inc.
                                           5,163,048          60,046
     *
        Synaptics      Inc.
                                            894,194         58,811
     *
        EchoStar     Corp.   Class   A
                                           1,333,656          57,761
     *
        SailPoint      Technologies       Holding     Inc.
                                           2,381,898          56,213
     *
        FormFactor      Inc.
                                           2,127,216          55,244
     *
        SPS  Commerce     Inc.
                                            981,314         54,384
     *
        SVMK   Inc.
                                           2,987,282          53,383
        Progress     Software     Corp.
                                           1,281,359          53,240
     *
        CommVault      Systems     Inc.
                                           1,182,407          52,783
     *
        Appfolio     Inc.
                                            462,865         50,892
     *
        Dynatrace      Inc.
                                           1,974,719          49,960
        CSG  Systems     International        Inc.
                                            941,178         48,734
     *
        NetScout     Systems     Inc.
                                           2,012,934          48,451
        InterDigital       Inc.
                                            884,235         48,182
     *
        Instructure       Inc.
                                            939,078         45,273
     *
        Allscripts      Healthcare      Solutions      Inc.
                                           4,578,041          44,933
     *
        Alarm.com      Holdings     Inc.
                                           1,023,938          43,999
     *
        Rambus    Inc.
                                           3,152,798          43,430
     *
        Avaya   Holdings     Corp.
                                           3,123,495          42,167
     *
        Onto   Innovation      Inc.
                                           1,140,381          41,670
        NIC  Inc.
                                           1,834,163          40,994
     *
        Perficient      Inc.
                                            888,442         40,931
     *
        Infinera     Corp.
                                           5,138,765          40,802
     *
        MaxLinear      Inc.
                                           1,821,968          38,662
     *
        Altair    Engineering       Inc.   Class   A
                                           1,047,473          37,615
     *
        Workiva     Inc.   Class   A
                                            891,599         37,492
     *
        Blucora     Inc.
                                           1,407,967          36,804
     *,^
        Appian    Corp.   Class   A
                                            937,159         35,809
     *
        Covetrus     Inc.
                                           2,692,646          35,543
     ^
        Ubiquiti     Inc.
                                            183,513         34,680
     *,^
        Yext   Inc.
                                           2,362,936          34,074
     *
        ForeScout      Technologies       Inc.
                                           1,037,318          34,024
     *
        Virtusa     Corp.
                                            738,059         33,456
     *
        Eventbrite      Inc.   Class   A
                                           1,628,475          32,846
     *
        MicroStrategy        Inc.   Class   A
                                            228,635         32,610
     *
        Bandwidth      Inc.   Class   A
                                            507,298         32,492
     *
        ePlus   Inc.
                                            374,139         31,536
     *
        Zuora   Inc.   Class   A
                                           2,167,428          31,059
     *,^
        Datadog     Inc.   Class   A
                                            778,274         29,403
        TiVo   Corp.
                                           3,431,674          29,101
     *
        Crowdstrike       Holdings     Inc.   Class   A
                                            579,156         28,883
     *
        Model   N Inc.
                                            821,116         28,797
     *
        Photronics      Inc.
                                           1,820,840          28,696
     *,^
        3D  Systems     Corp.
                                           3,198,222          27,984
        Switch    Inc.
                                           1,878,163          27,834
     *,^
        Tabula    Rasa   HealthCare      Inc.
                                            567,146         27,609
        Plantronics       Inc.
                                            982,313         26,856
     *
        Tenable     Holdings     Inc.
                                           1,112,471          26,655
     *
        ScanSource      Inc.
                                            718,116         26,534
                                156/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Xperi   Corp.
                                           1,399,663          25,894
     *
        Extreme     Networks     Inc.
                                           3,475,631          25,615
     *
        Cision    Ltd.
                                           2,512,222          25,047
     *
        SolarWinds      Corp.
                                           1,345,207          24,954
     *
        Ultra   Clean   Holdings     Inc.
                                           1,045,527          24,539
     *
        Shutterstock       Inc.
                                            560,041         24,015
     *
        NextGen     Healthcare      Inc.
                                           1,437,853          23,106
        Comtech     Telecommunications           Corp.
                                            650,185         23,075
     *
        Amkor   Technology      Inc.
                                           1,757,933          22,853
     *
        Cerence     Inc.
                                           1,001,844          22,672
        Cohu   Inc.
                                            990,241         22,627
     *
        Diebold     Nixdorf     Inc.
                                           2,139,493          22,593
        Ebix   Inc.
                                            642,381         21,462
     *
        Ichor   Holdings     Ltd.
                                            638,839         21,254
     *
        Unisys    Corp.
                                           1,783,513          21,152
                                157/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        NETGEAR     Inc.
                                            842,554         20,651
     *,^
        Pagerduty      Inc.
                                            870,131         20,352
     *
        Upland    Software     Inc.
                                            565,075         20,179
        Pitney    Bowes   Inc.
                                           4,822,345          19,434
     *
        Cloudflare      Inc.   Class   A
                                           1,131,294          19,300
     *
        Axcelis     Technologies       Inc.
                                            790,987         19,059
     *
        Harmonic     Inc.
                                           2,359,510          18,404
     *
        Vocera    Communications         Inc.
                                            866,427         17,987
     *
        CEVA   Inc.
                                            618,426         16,673
     *,^
        Livongo     Health    Inc.
                                            663,641         16,631
     *,^
        Tucows    Inc.   Class   A
                                            261,160         16,134
        QAD  Inc.   Class   A
                                            315,230         16,055
     *,^
        Medallia     Inc.
                                            512,374         15,940
     *
        OneSpan     Inc.
                                            902,387         15,449
     *
        Benefitfocus       Inc.
                                            695,903         15,268
     *
        nLight    Inc.
                                            752,323         15,257
     *
        Agilysys     Inc.
                                            579,262         14,719
        PC  Connection      Inc.
                                            294,070         14,604
     *
        Domo   Inc.
                                            660,931         14,355
     *
        Digi   International        Inc.
                                            783,237         13,879
     *
        PDF  Solutions      Inc.
                                            819,979         13,849
        ADTRAN    Inc.
                                           1,380,223          13,650
     *
        Fastly    Inc.   Class   A
                                            675,045         13,548
     *
        Boingo    Wireless     Inc.
                                           1,210,732          13,258
     *
        Limelight      Networks     Inc.
                                           3,213,089          13,109
     *
        Forrester      Research     Inc.
                                            306,093         12,764
     *
        Loral   Space   & Communications         Inc.
                                            394,427         12,748
     *
        NeoPhotonics       Corp.
                                           1,404,730          12,390
     *
        MobileIron      Inc.
                                           2,542,677          12,357
     *
        Rosetta     Stone   Inc.
                                            671,325         12,178
     *
        Phreesia     Inc.
                                            454,438         12,106
        American     Software     Inc.   Class   A
                                            762,683         11,349
     *
        Ping   Identity     Holding     Corp.
                                            451,270         10,966
     *,^
        Impinj    Inc.
                                            423,507         10,952
     *
        ChannelAdvisor         Corp.
                                           1,203,831          10,883
     *
        DSP  Group   Inc.
                                            690,737         10,872
     *
        Calix   Inc.
                                           1,350,651          10,805
     *
        Mitek   Systems     Inc.
                                           1,407,469          10,767
     *
        Immersion      Corp.
                                           1,423,999          10,580
     *,^
        Gogo   Inc.
                                           1,634,682          10,462
        Simulations       Plus   Inc.
                                            356,987         10,378
     *,^
        Digimarc     Corp.
                                            308,724         10,361
     *
        Zix  Corp.
                                           1,516,117          10,279
        Systemax     Inc.
                                            402,152         10,118
        Hackett     Group   Inc.
                                            619,693         10,002
        Computer     Programs     & Systems     Inc.
                                            377,475          9,965
     *
        WideOpenWest       Inc.
                                           1,324,192           9,826
     *,^
        Inseego     Corp.
                                           1,328,518           9,738
     *
        Telaria     Inc.
                                           1,089,812           9,601
                                158/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Endurance      International        Group   Holdings     Inc.
                                           1,961,956           9,221
     *
        Brightcove      Inc.
                                           1,024,210           8,900
     *
        CalAmp    Corp.
                                            921,267          8,826
     *
        A10  Networks     Inc.
                                           1,270,818           8,731
     *,^
        PAR  Technology      Corp.
                                            281,971          8,668
     *
        Meet   Group   Inc.
                                           1,713,929           8,587
     *,^
        Health    Catalyst     Inc.
                                            238,187          8,265
     *
        eGain   Corp.
                                           1,006,987           7,975
     *
        Sciplay     Corp.   Class   A
                                            614,419          7,551
     *
        Ooma   Inc.
                                            560,175          7,411
     *
        Alpha   & Omega   Semiconductor        Ltd.
                                            506,384          6,897
     *,^
        VirnetX     Holding     Corp.
                                           1,760,709           6,691
     *
        Synchronoss       Technologies       Inc.
                                           1,386,822           6,587
     *,^
        Applied     Optoelectronics         Inc.
                                            543,768          6,460
     *
        Adesto    Technologies       Corp.
                                            758,115          6,444
                                159/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Telenav     Inc.
                                           1,241,422           6,033
     *
        Smith   Micro   Software     Inc.
                                           1,496,075           5,954
     *
        ACM  Research     Inc.   Class   A
                                            312,880          5,773
     *
        KVH  Industries      Inc.
                                            497,940          5,542
     *
        AXT  Inc.
                                           1,240,497           5,396
        PC-Tel    Inc.
                                            630,730          5,342
     *
        GSI  Technology      Inc.
                                            745,664          5,287
     *
        Clearfield      Inc.
                                            359,810          5,016
     *
        Icad   Inc.
                                            602,206          4,679
     *
        Pixelworks      Inc.
                                           1,184,741           4,644
     *
        Ribbon    Communications         Inc.
                                           1,481,280           4,592
     *
        Castlight      Health    Inc.   Class   B
                                           3,132,276           4,166
     *
        SharpSpring       Inc.
                                            362,676          4,160
     *
        Casa   Systems     Inc.
                                            958,408          3,920
     *,2
        Computer     Task   Group   Inc.
                                            746,502          3,867
     *
        Rimini    Street    Inc.
                                            993,567          3,855
        AstroNova      Inc.
                                            278,254          3,818
     *
        Seachange      International        Inc.
                                            910,106          3,813
     *,^
        Intelligent       Systems     Corp.
                                             93,431         3,732
     *
        Powerfleet      Inc.
                                            557,668          3,630
     *
        DASAN   Zhone   Solutions      Inc.
                                            390,702          3,462
        GlobalSCAPE       Inc.
                                            343,775          3,379
     *
        LRAD   Corp.
                                           1,009,473           3,301
     *
        SecureWorks       Corp.   Class   A
                                            193,975          3,232
     *,^
        Red  Violet    Inc.
                                            172,101          3,186
     *
        Airgain     Inc.
                                            285,067          3,047
     *
        VOXX   International        Corp.   Class   A
                                            669,837          2,934
     *
        Great   Elm  Capital     Group   Inc.
                                            825,118          2,756
     *
        Synacor     Inc.
                                           1,651,360           2,510
        TransAct     Technologies       Inc.
                                            222,314          2,439
     *,^
        Everspin     Technologies       Inc.
                                            444,486          2,338
        TESSCO    Technologies       Inc.
                                            206,522          2,317
     *
        RigNet    Inc.
                                            338,521          2,234
     *
        GTY  Technology      Holdings     Inc.
                                            374,827          2,208
     *,^
        Park   City   Group   Inc.
                                            411,713          2,083
     *
        Identiv     Inc.
                                            350,250          1,975
     *
        Amtech    Systems     Inc.
                                            275,195          1,970
     *
        Majesco
                                            232,770          1,920
     *
        Cambium     Networks     Corp.
                                            219,183          1,916
     *
        Intellicheck       Inc.
                                            236,720          1,773
     *
        Aviat   Networks     Inc.
                                            118,360          1,663
        QAD  Inc.   Class   B
                                             44,450         1,640
     *
        Beyond    Air  Inc.
                                            297,828          1,558
     *
        EMCORE    Corp.
                                            474,814          1,443
        Wayside     Technology      Group   Inc.
                                             84,276         1,365
     *
        Key  Tronic    Corp.
                                            240,560          1,309
     *
        NetSol    Technologies       Inc.
                                            324,689          1,299
     *,^
        Resonant     Inc.
                                            524,589          1,270
     *
        inTEST    Corp.
                                            208,654          1,241
                                160/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        QuickLogic      Corp.
                                            205,951          1,236
     *,^
        Lantronix      Inc.
                                            339,677          1,206
     *,^
        Veritone     Inc.
                                            433,625          1,080
     *,^
        Atomera     Inc.
                                            338,487          1,043
     *
        Sprout    Social    Inc.   Class   A
                                             58,379          937
     *,^
        Mohawk    Group   Holdings     Inc.
                                            156,574           922
     *
        Mastech     Digital     Inc.
                                             81,534          903
     *
        GSE  Systems     Inc.
                                            541,861           894
     *,^
        Akerna    Corp.
                                            100,350           846
        Support.com       Inc.
                                            713,671           778
     *
        Data   I/O  Corp.
                                            179,297           751
     *,^
        Kopin   Corp.
                                           1,867,120            749
     *
        Innodata     Inc.
                                            649,340           740
     *
        Qumu   Corp.
                                            269,483           703
     *
        Finjan    Holdings     Inc.
                                            345,955           695
                                161/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
        CSP  Inc.
                                             47,389          618
     *
        CynergisTek       Inc.
                                            186,745           616
     *,^
        TransEnterix       Inc.
                                            413,266           608
     *
        Aehr   Test   Systems
                                            292,832           586
     *
        Sonim   Technologies       Inc.
                                            159,497           579
        Communications         Systems     Inc.
                                             93,730          578
     *,^
        Internap     Corp.
                                            498,914           549
        BK  Technologies       Corp.
                                            173,782           539
     *
        CVD  Equipment      Corp.
                                            162,311           523
     *
        Exela   Technologies       Inc.
                                           1,212,328            494
     *
        RCM  Technologies       Inc.
                                            158,525           476
     *,^
        Super   League    Gaming    Inc.
                                            158,855           375
     *
        ClearOne     Inc.
                                            220,013           365
     *
        WidePoint      Corp.
                                            843,774           336
     *,^
        RumbleON     Inc.   Class   B
                                            347,425           287
        Network-1      Technologies       Inc.
                                            129,664           283
     *,^
        Neurotrope      Inc.
                                            259,399           255
     *
        BSQUARE     Corp.
                                            180,438           251
     *
        Streamline      Health    Solutions      Inc.
                                            171,772           239
     *
        Xcel   Brands    Inc.
                                            151,456           227
     *,^
        Sigma   Labs   Inc.
                                            224,155           220
     *
        Optical     Cable   Corp.
                                             62,844          204
     *
        AudioEye     Inc.
                                             40,564          190
     *
        One  Stop   Systems     Inc.
                                             73,474          148
     *
        Cinedigm     Corp.   Class   A
                                            183,006           128
     *,^,§
        FTE  Networks     Inc.
                                             84,180          126
     *
        Inuvo   Inc.
                                            400,436           118
     *,^
        NXT-ID    Inc.
                                            239,113           108
     *
        Creative     Realities      Inc.
                                             68,684          105
     *
        ADDvantage      Technologies       Group   Inc.
                                             40,203           99
     *
        Marin   Software     Inc.
                                             61,925           85
     *
        Trio-Tech      International
                                             15,180           61
     *
        SITO   Mobile    Ltd.
                                            181,331           50
     *,^,§
        Ominto    Inc.
                                            101,171           41
     *
        Qualstar     Corp.
                                             4,806          26
     *
        Evolving     Systems     Inc.
                                             27,962           25
        SilverSun      Technologies       Inc.
                                             3,301          14
     *
        Westell     Technologies       Inc.   Class   A
                                                        9
                                             10,355
                                                  195,142,625
     通信サービス       (1.9  ％ )
        AT&T   Inc.
                                          205,770,728          8,041,520
        Verizon     Communications         Inc.
                                          116,496,859          7,152,907
     *
        T-Mobile     US  Inc.
                                           8,428,028          660,926
        CenturyLink       Inc.
                                          30,700,767          405,557
     *
        Zayo   Group   Holdings     Inc.
                                           6,624,718          229,546
     *
        Sprint    Corp.
                                          17,216,634           89,699
     *,^
        Zoom   Video   Communications         Inc.   Class   A
                                           1,281,939          87,223
     *
        Iridium     Communications         Inc.
                                           3,116,525          76,791
        Telephone      & Data   Systems     Inc.
                                           2,715,196          69,047
                                162/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Shenandoah      Telecommunications           Co.
                                           1,357,285          56,477
     *
        8x8  Inc.
                                           2,633,516          48,193
     *
        Vonage    Holdings     Corp.
                                           6,467,501          47,924
        ATN  International        Inc.
                                            297,584         16,483
     *
        United    States    Cellular     Corp.
                                            429,188         15,550
     *,^
        Intelsat     SA
                                           2,193,035          15,417
     *
        Anterix     Inc.
                                            355,758         15,372
     *
        Cincinnati      Bell   Inc.
                                           1,253,412          13,123
     *,^
        GTT  Communications         Inc.
                                            872,867          9,907
     *
        ORBCOMM     Inc.
                                           2,349,918           9,893
     *,^
        Globalstar      Inc.
                                          15,574,538           8,079
        Consolidated       Communications         Holdings     Inc.
                                           1,980,545           7,685
        Spok   Holdings     Inc.
                                            595,202          7,279
     *
        IDT  Corp.   Class   B
                                            542,884          3,914
     *,^
        Frontier     Communications         Corp.
                                           3,110,382           2,767
                                163/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Alaska    Communications         Systems     Group   Inc.
                                           1,464,757           2,593
     *,^
        HC2  Holdings     Inc.
                                            899,952          1,953
     *,^
        Pareteum     Corp.
                                           2,926,761           1,280
     *
        Otelco    Inc.   Class   A
                                             54,417          545
     *
        CPS  Technologies       Corp.
                                                       111
                                            109,990
                                                   17,097,761
     公益事業     (3.2  ％ )
        NextEra     Energy    Inc.
                                          13,771,294         3,334,857
        Dominion     Energy    Inc.
                                          23,201,887         1,921,580
        Southern     Co.
                                          29,571,715         1,883,718
        Duke   Energy    Corp.
                                          20,523,318         1,871,932
        American     Electric     Power   Co.  Inc.
                                          13,888,523         1,312,604
        Exelon    Corp.
                                          27,299,560         1,244,587
        Sempra    Energy
                                           7,721,523         1,169,656
        Xcel   Energy    Inc.
                                          15,066,539          956,575
        Consolidated       Edison    Inc.
                                           9,348,513          845,760
        Public    Service     Enterprise      Group   Inc.
                                          14,238,825          840,803
        WEC  Energy    Group   Inc.
                                           8,864,487          817,572
        Eversource      Energy
                                           9,100,612          774,189
        Edison    International
                                          10,104,969          762,016
        FirstEnergy       Corp.
                                          15,182,635          737,876
        PPL  Corp.
                                          20,344,897          729,975
        DTE  Energy    Co.
                                           5,390,613          700,079
        Entergy     Corp.
                                           5,592,467          669,978
        American     Water   Works   Co.  Inc.
                                           5,061,908          621,855
        Ameren    Corp.
                                           6,969,206          535,235
        CMS  Energy    Corp.
                                           8,008,458          503,251
        Evergy    Inc.
                                           6,453,205          420,039
        CenterPoint       Energy    Inc.
                                          14,094,472          384,356
        Alliant     Energy    Corp.
                                           6,851,769          374,929
        Atmos   Energy    Corp.
                                           3,342,896          373,936
        AES  Corp.
                                          18,667,089          371,475
        NiSource     Inc.
                                          10,474,824          291,619
        Aqua   America     Inc.
                                           6,061,458          284,525
        Pinnacle     West   Capital     Corp.
                                           3,143,232          282,671
        NRG  Energy    Inc.
                                           6,763,336          268,843
        UGI  Corp.
                                           5,856,811          264,494
        Vistra    Energy    Corp.
                                          10,995,825          252,794
        OGE  Energy    Corp.
                                           5,609,823          249,469
     *
        PG&E   Corp.
                                          14,891,081          161,866
        IDACORP     Inc.
                                           1,421,276          151,792
        Hawaiian     Electric     Industries      Inc.
                                           3,143,896          147,323
        ONE  Gas  Inc.
                                           1,496,190          139,998
        Portland     General     Electric     Co.
                                           2,490,815          138,963
        Black   Hills   Corp.
                                           1,729,178          135,810
        New  Jersey    Resources      Corp.
                                           2,685,032          119,672
        ALLETE    Inc.
                                           1,445,980          117,370
        PNM  Resources      Inc.
                                           2,266,002          114,909
        Spire   Inc.
                                           1,361,163          113,398
                                164/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        National     Fuel   Gas  Co.
                                           2,433,738          113,266
        Southwest      Gas  Holdings     Inc.
                                           1,425,565          108,300
        NorthWestern       Corp.
                                           1,420,193          101,785
        Avangrid     Inc.
                                           1,816,022          92,908
        Avista    Corp.
                                           1,891,668          90,970
        American     States    Water   Co.
                                           1,029,208          89,171
        South   Jersey    Industries      Inc.
                                           2,652,746          87,488
        Ormat   Technologies       Inc.
                                           1,134,189          84,520
        MGE  Energy    Inc.
                                            989,192         77,968
        El  Paso   Electric     Co.
                                           1,140,602          77,435
        Pattern     Energy    Group   Inc.   Class   A
                                           2,737,483          73,241
        California      Water   Service     Group
                                           1,367,725          70,520
        Northwest      Natural     Holding     Co.
                                            859,382         63,362
        SJW  Group
                                            791,961         56,277
        Chesapeake      Utilities      Corp.
                                            474,728         45,493
                                165/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格•
                                              株数     ( 千米ドル     )
     *
        Evoqua    Water   Technologies       Corp.
                                           2,093,609          39,674
        TerraForm      Power   Inc.   Class   A
                                           2,527,143          38,893
     *
        Sunrun    Inc.
                                           2,351,886          32,479
        Middlesex      Water   Co.
                                            460,385         29,267
        Unitil    Corp.
                                            465,779         28,794
        York   Water   Co.
                                            379,048         17,478
     *
        AquaVenture       Holdings     Ltd.
                                            498,836         13,528
     *,^
        Bloom   Energy    Corp.   Class   A
                                           1,553,305          11,603
     *,^
        Atlantic     Power   Corp.
                                           4,311,546          10,046
     *
        Pure   Cycle   Corp.
                                            715,159          9,004
        Artesian     Resources      Corp.   Class   A
                                            240,624          8,954
     *,^
        Vivint    Solar   Inc.
                                           1,217,502           8,839
     *,^
        Cadiz   Inc.
                                            798,705          8,802
        RGC  Resources      Inc.
                                            218,471          6,244
        Genie   Energy    Ltd.   Class   B
                                            577,349          4,463
        Spark   Energy    Inc.   Class   A
                                            405,351          3,741
     *
        Sunnova     Energy    International        Inc.
                                                      3,545
                                            317,676
                                                   28,902,407
     普通株式総額       ( 原価   $508,641,348)
                                                  894,894,544
     優先株式     (0.0  ％ )

        Air  T Funding     Pfd.,   8.00  ％ , 6/7/24    ( 原価   $36)
                                             17,271           43
                        1
     Temporary      Cash   Investments       (0.6  ％ )
                            クーポン

     マネー・マーケット・ファンド                 (0.6  ％ )
     4,5
        バンガード・マーケット・
        リクイディティ・ファンド                     1.816   ％           53,284,330         5,328,966
                                            額面金額

                                     満期日      ( 千米ドル     )
     米国政府機関債         (0.0  ％ )
     6
        米国財務省短期証券                     1.566   ％     2/20/20        130,000         129,731
     6
                                                      7,959
        米国財務省短期証券                1.527   ％ -1.541   ％     4/30/20         8,000
                                                     137,690
     短期現物投資合計          ( 原価   $5,465,831)
                                                    5,466,656
     投資総額     (100.3   ％ ) ( 原価   $514,107,215)
                                                  900,361,243
                                166/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                   ( 千米ドル     )
     その他の資産および負債             (-0.3   ％ )
     その他の資産
     バンガードに対する投資                                                 39,345
     売却投資有価証券に係る未収入金                                                 12,998
     未収収益                                                954,088
     発行済資本持分に係る未収入金                                               1,034,626
     未収変動証拠金－先物契約                                                 8,801
     未実現利益－       OTC  スワップ契約                                         9,669
            5
                                                      8,333
     その他の資産
     その他の資産合計          (0.2  ％ )                                  2,067,860
     負債
     購入投資有価証券に係る未払金                                                (19,003)
     貸付有価証券に係る担保                                              (2,964,698)
     資本持分の買戻しに係る未払金                                              (1,682,184)
     バンガードに対する未払金                                               (127,798)
     未払変動証拠金－先物契約                                                 (1,990)
     その他の負債                                                 (9,561)
     負債合計     (-0.5   ％ )                                     (4,805,234)
     純資産    (100  ％ )                                      897,623,869
                                               (95,929,063      百万円   )
     2019  年 12 月 31 日現在、純資産の内訳：

                                        ( 千米ドル     )       ( 百万円   )
     払込出資金                                   517,405,991           55,295,178
     分配可能利益（損失）合計                                   380,217,878           40,633,885
     純資産                                   897,623,869           95,929,063
     インベスター受益証券

     発行済受益証券        1,753,462,332       口に対する純資産
                                                  14,928,209
     （額面   0.001   米ドル：授権口数は無制限）                             139,685,679
     受益証券１口当たり純資産価額
     －インベスター受益証券                                   79.66   米ドル          8,513   円
     ETF  受益証券

     発行済受益証券        843,407,682      口に対する純資産
                                                  14,755,242
     （額面   0.001   米ドル：授権口数は無制限）                             138,067,205
     受益証券１口当たり純資産価額
     － ETF  受益証券                               163.70   米ドル          17,495   円
     アドミラル受益証券

     発行済受益証券        3,169,091,239       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             252,535,692           26,988,489
     受益証券１口当たり純資産価額
     －アドミラル受益証券                                   79.69   米ドル          8,516   円
     インスティテューショナル受益証券

     発行済受益証券        1,916,108,581       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             152,716,443           16,320,806
     受益証券１口当たり純資産価額
     －インスティテューショナル受益証券                                   79.70   米ドル          8,518   円
                                167/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     インスティテューショナル・プラス受益証券
     発行済受益証券        1,259,067,118       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             188,188,264           20,111,680
     受益証券１口当たり純資産価額
     －インスティテューショナル・プラス受益証券                                  149.47   米ドル          15,974   円
     インスティテューショナル・セレクト受益証券

     発行済受益証券        168,526,705      口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             26,430,586           2,824,637
     受益証券１口当たり純資産価額
     －インスティテューショナル・セレクト受益証券                                  156.83   米ドル          16,760   円
     •  財務書類注記の注記Ａを参照のこと。

     ＊  配当を出さない有価証券。
     ＾  ブローカー／ディーラーに貸し付けられている証券ポジションの一部を含む。貸付有価証券の価
       値総額は     2,789,582,000       米ドルである。
     §  重要な観察不能なインプットを用いて算定された有価証券の価値。
     １  当ファンドは、現金準備の一部をインデックス先物契約およびスワップ契約を用いて株式市場に
       投資している。先物およびスワップ投資の影響を考慮すれば、当ファンドの実際の普通株式投資
       および短期現物投資は、純資産のそれぞれ                      100.0   ％および     0.3  ％である。
     ２  当ファンドが当該企業の発行済議決権付株式の５％超を保有しているため、当ファンドの関連会
       社とみなされる。
     ３  「その他」は、ファンドのベンチマークにより分類されない有価証券を示している。
     ４  バンガード・ファンド並びにバンガードが管理する一部の信託および口座にのみ利用可能な関連
       会社のマネー・マーケット・ファンド。提示されているレートは７日間の利回りである。
     ５  貸付有価証券に係る担保として                 2,964,698,000       米ドルを受け取った。うち、               2,956,365,000       米ドル
       はバンガード・マーケット・リクイディティ・ファンドとして、                                  8,333,000     ドルは現金で保有され
       ている。
     ６  未決済先物契約の当初証拠金として有価証券                       122,551,000      米ドルが分別管理されている。
     CVR  －不確定価額受領権          (Contingent       Value   Rights)
     REIT  －不動産投資信託         (Real   Estate    Investment      Trust)
     期末現在のデリバティブ金融商品残高

     先物契約

                                                 （単位：千米ドル）
                                        買建           契約額および
                                       （売建）             未実現利益
                                   限月     玉数     名目元本       （損失）
     買建の先物契約
     E-mini   S&P  500  インデックス
                                2020  年３月      14,070     2,273,079         24,712
     E-mini   ラッセル    2000  インデックス                   2020  年３月      1,914     159,876         2,492
     E-mini   S&P  ミッド・キャップ       400 インデックス
                                2020  年３月       240     49,555         850
                                                      28,054
                                168/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     店頭トータル・リターンスワップ                                            （単位：千米ドル）
                                        受領
                                               契約額     契約額および
                                       （支払）
                             契約                 および       未実現
                                           1
     参照企業                  満期日     相手方     名目元本      変動金利      未実現利益        （損失）
     Assurant    Inc.
                   2020  年２月４日        GSI     6,521     1.945  ％      29       －
     First   Republic    Bank
                   2020  年２月４日        GSI    142,014      2.375  ％     1,740         －
     JPMorgan    Chase   & Co.
                   2020  年９月２日       BOANA     118,584      2.147  ％     6,678         －
     VICI  Properties     Inc.
                   2020  年２月４日        GSI    24,610      1.745  ％     1,222         －
                                               9,669         －
     1

      月次の支払に係る受取／支払金利
     BOANA-Bank     of America,    N.A.
     GSI-Goldman      Sachs   International
     2019  年 12 月 31 日現在、契約相手方は、未決済店頭スワップ契約に関して                         9,601,000    米ドルの有価証券を分別口座に預託してい

     た。
     添付の注記は財務書類の不可欠の一部である。

    次へ

                                169/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     トータル・ストック・マーケット・インデックス・ファンド

     財務書類
     純資産計算書

     2018  年 12 月 31 日現在
     当ファンドは、各計算期間に４回、四半期末現在の投資有価証券を網羅した表を規制当局に報告して

     いる。第２四半期および第４四半期では、当ファンドが保有する投資有価証券を網羅した表は
     vanguard.com       および米国証券取引委員会のウェブサイト（                        sec.gov    ）でコンピュータ上入手可能で、
     800-662-7447       に電話して無料で郵送してもらうこともできる（訳注：日本の受益者については、適用
     されない。）。第１四半期および第３四半期では、当ファンドはこの表を様式                                         N-Q  により    SEC  に提出し
     ている。受益者は当ファンドの様式                  N-Q  を SEC  のウェブサイトで検索することができる。
                                                    市場価格

                                              株数     ( 千米ドル     )
              1
     普通株式     (99.4   ％ )
     素材   (2.4  ％ )
        DowDuPont      Inc.
                                          61,298,118         3,278,223
        Linde   plc
                                          14,721,784         2,297,187
        Ecolab    Inc.
                                           6,944,048         1,023,205
        Air  Products     & Chemicals      Inc.
                                           5,864,451          938,605
        LyondellBasell         Industries      NV  Class   A
                                           8,200,223          681,931
        PPG  Industries      Inc.
                                           6,409,288          655,222
        Newmont     Mining    Corp.
                                          14,232,898          493,170
        International        Paper   Co.
                                          10,824,039          436,858
        Nucor   Corp.
                                           8,387,958          434,580
        International        Flavors     & Fragrances      Inc.
                                           2,849,172          382,558
        Freeport-McMoRan          Inc.
                                          36,741,874          378,809
        Celanese     Corp.   Class   A
                                           3,567,741          320,990
        Mosaic    Co.
                                           9,237,661          269,832
        CF  Industries      Holdings     Inc.
                                           6,145,506          267,391
        FMC  Corp.
                                           3,586,719          265,274
        Eastman     Chemical     Co.
                                           3,351,873          245,055
        Albemarle      Corp.
                                           2,829,069          218,036
        Avery   Dennison     Corp.
                                           2,311,806          207,670
        RPM  International        Inc.
                                           3,531,561          207,585
        Steel   Dynamics     Inc.
                                           5,816,449          174,726
        Royal   Gold   Inc.
                                           1,747,958          149,713
     *
        Axalta    Coating     Systems     Ltd.
                                           5,739,583          134,421
     *
        Alcoa   Corp.
                                           4,967,764          132,043
        Chemours     Co.
                                           4,556,845          128,594
        Reliance     Steel   & Aluminum     Co.
                                           1,791,293          127,486
        Ashland     Global    Holdings     Inc.
                                           1,659,711          117,773
        WR  Grace   & Co.
                                           1,778,425          115,438
        Huntsman     Corp.
                                           5,442,880          104,993
        NewMarket      Corp.
                                            227,548         93,770
     *
        Ingevity     Corp.
                                           1,118,268          93,588
        Olin   Corp.
                                           4,434,033          89,168
        United    States    Steel   Corp.
                                           4,697,466          85,682
                                170/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Versum    Materials      Inc.
                                           2,908,154          80,614
        Peabody     Energy    Corp.
                                           2,373,351          72,340
        Westlake     Chemical     Corp.
                                           1,035,050          68,489
        Balchem     Corp.
                                            835,018         65,424
        Scotts    Miracle-Gro       Co.
                                           1,033,027          63,490
        Sensient     Technologies       Corp.
                                           1,123,438          62,744
        Cabot   Corp.
                                           1,442,065          61,922
     *
        Cleveland-Cliffs          Inc.
                                           7,969,060          61,282
        PolyOne     Corp.
                                           2,106,964          60,259
     *
        Platform     Specialty      Products     Corp.
                                           5,771,478          59,619
        Domtar    Corp.
                                           1,686,688          59,253
        Quaker    Chemical     Corp.
                                            330,469         58,728
        HB  Fuller    Co.
                                           1,352,226          57,700
     *
        Univar    Inc.
                                           3,026,608          53,692
        Minerals     Technologies       Inc.
                                            912,356         46,840
        Commercial      Metals    Co.
                                           2,902,687          46,501
        Carpenter      Technology      Corp.
                                           1,241,169          44,198
     *
        GCP  Applied     Technologies       Inc.
                                           1,773,379          43,536
                                171/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Innospec     Inc.
                                            633,075         39,099
        Worthington       Industries      Inc.
                                           1,101,564          38,379
        Stepan    Co.
                                            514,484         38,072
        Arch   Coal   Inc.   Class   A
                                            455,279         37,784
        Compass     Minerals     International        Inc.
                                            899,338         37,493
        Kaiser    Aluminum     Corp.
                                            407,069         36,347
     *
        Ferro   Corp.
                                           2,192,650          34,381
     *
        Contura     Energy    Inc.
                                            488,188         32,093
        Warrior     Met  Coal   Inc.
                                           1,257,944          30,329
        Hecla   Mining    Co.
                                          12,652,227           29,859
        Neenah    Inc.
                                            434,910         25,625
     *
        Coeur   Mining    Inc.
                                           5,342,201          23,880
        Materion     Corp.
                                            520,873         23,434
     *
        Codexis     Inc.
                                           1,351,787          22,575
        US  Silica    Holdings     Inc.
                                           2,068,768          21,060
     *
        CONSOL    Energy    Inc.
                                            661,195         20,967
     *
        Verso   Corp.
                                            897,447         20,103
     *
        CSW  Industrials       Inc.
                                            409,872         19,817
        Schweitzer-Mauduit           International        Inc.
                                            779,149         19,518
        Tronox    Ltd.   Class   A
                                           2,418,494          18,816
     *,^
        AK  Steel   Holding     Corp.
                                           8,323,817          18,729
     *
        AdvanSix     Inc.
                                            739,939         18,010
        Chase   Corp.
                                            179,600         17,969
     *
        Kraton    Corp.
                                            817,855         17,862
     *
        PQ  Group   Holdings     Inc.
                                           1,030,089          15,256
        Rayonier     Advanced     Materials      Inc.
                                           1,319,642          14,054
        Schnitzer      Steel   Industries      Inc.
                                            651,464         14,039
     *
        SunCoke     Energy    Inc.
                                           1,601,558          13,693
        Tredegar     Corp.
                                            766,806         12,162
        Innophos     Holdings     Inc.
                                            494,050         12,119
        Resolute     Forest    Products     Inc.
                                           1,492,846          11,838
        Hawkins     Inc.
                                            270,451         11,075
        American     Vanguard     Corp.
                                            718,769         10,918
        FutureFuel      Corp.
                                            686,758         10,892
     *
        Clearwater      Paper   Corp.
                                            439,873         10,720
     *
        OMNOVA    Solutions      Inc.
                                           1,143,302           8,380
     *
        TimkenSteel       Corp.
                                            904,096          7,902
     *
        Nexeo   Solutions      Inc.
                                            811,968          6,975
        Gold   Resource     Corp.
                                           1,591,636           6,367
     *
        Energy    Fuels   Inc.
                                           2,145,316           6,114
     *
        Intrepid     Potash    Inc.
                                           2,297,802           5,974
        Olympic     Steel   Inc.
                                            365,116          5,210
     *,^
        Uranium     Energy    Corp.
                                           4,045,072           5,056
        Synalloy     Corp.
                                            264,123          4,382
     *
        Universal      Stainless      & Alloy   Products     Inc.
                                            266,099          4,313
     *
        Century     Aluminum     Co.
                                            504,112          3,685
     *
        AgroFresh      Solutions      Inc.
                                            957,008          3,627
     *
        LSB  Industries      Inc.
                                            643,806          3,554
     *,^
        ChromaDex      Corp.
                                           1,023,365           3,510
                                172/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Ryerson     Holding     Corp.
                                            491,768          3,118
        Northern     Technologies       International        Corp.
                                            101,863          3,014
     *,^
        Marrone     Bio  Innovations       Inc.
                                           1,867,466           2,745
     *,^
        Ur-Energy      Inc.
                                           4,085,598           2,656
        PH  Glatfelter      Co.
                                            213,622          2,085
     *
        Veritiv     Corp.
                                             82,814         2,068
     *,^
        Ramaco    Resources      Inc.
                                            243,225          1,204
        United-Guardian         Inc.
                                             52,121          956
        Hallador     Energy    Co.
                                            179,929           912
        Friedman     Industries      Inc.
                                            125,449           884
        Haynes    International        Inc.
                                             30,937          817
        Kronos    Worldwide      Inc.
                                             38,291          441
     *
        General     Moly   Inc.
                                           1,379,582            310
     *
        US  Antimony     Corp.
                                            359,147           208
     *
        Koppers     Holdings     Inc.
                                             9,399          160
     *
        Dynasil     Corp.   of  America
                                            158,073           141
                                173/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Ampco-Pittsburgh          Corp.
                                             39,711          123
     *
        Pershing     Gold   Corp.
                                            100,868           107
     *
        Solitario      Zinc   Corp.
                                            101,668           24
     *
        Ikonics     Corp.
                                             1,996          16
     *,^
        Golden    Minerals     Co.
                                             67,011           15
     *,^
        Paramount      Gold   Nevada    Corp.
                                             9,731           8
     *
        Centrus     Energy    Corp.   Class   A
                                             2,700           5
     *,^
        US  Gold   Corp.
                                                        1
                                              900
                                                   16,492,241
     消費財    (7.9  ％ )
        Procter     & Gamble    Co.
                                          66,548,734         6,117,160
        Coca-Cola      Co.
                                          102,283,588          4,843,128
        PepsiCo     Inc.
                                          37,706,704         4,165,837
        Philip    Morris    International        Inc.
                                          41,505,319         2,770,895
        NIKE   Inc.   Class   B
                                          34,010,881         2,521,567
        Altria    Group   Inc.
                                          50,197,580         2,479,258
        Mondelez     International        Inc.   Class   A
                                          38,817,875         1,553,880
        Colgate-Palmolive          Co.
                                          23,166,319         1,378,859
     *,^
        Tesla   Inc.
                                           3,441,048         1,145,181
        General     Motors    Co.
                                          33,937,358         1,135,205
        Kimberly-Clark         Corp.
                                           9,251,133         1,054,074
        Activision      Blizzard     Inc.
                                          19,366,240          901,886
        Ford   Motor   Co.
                                          104,331,772           798,138
        Estee   Lauder    Cos.   Inc.   Class   A
                                           5,874,211          764,235
        Kraft   Heinz   Co.
                                          16,283,887          700,858
        Constellation        Brands    Inc.   Class   A
                                           3,994,245          642,354
     *
        Electronic      Arts   Inc.
                                           8,071,336          636,909
        General     Mills   Inc.
                                          15,927,141          620,203
        Archer-Daniels-Midland             Co.
                                          14,963,128          613,039
        VF  Corp.
                                           8,478,880          604,883
     *
        Monster     Beverage     Corp.
                                          11,077,420          545,231
        Clorox    Co.
                                           3,409,743          525,578
        McCormick      & Co.  Inc.
                                           3,251,015          452,671
        Aptiv   plc
                                           7,042,045          433,579
        Church    & Dwight    Co.  Inc.
                                           6,578,546          432,605
        Kellogg     Co.
                                           7,416,654          422,823
        Tyson   Foods   Inc.   Class   A
                                           7,886,385          421,133
        Hershey     Co.
                                           3,786,100          405,794
        Brown-Forman       Corp.   Class   B
                                           7,925,403          377,091
        Genuine     Parts   Co.
                                           3,727,739          357,937
     *
        Lululemon      Athletica      Inc.
                                           2,780,186          338,098
        DR  Horton    Inc.
                                           9,532,736          330,405
     *
        Take-Two     Interactive       Software     Inc.
                                           3,038,685          312,802
        Lennar    Corp.   Class   A
                                           7,795,507          305,194
        Hormel    Foods   Corp.
                                           7,106,806          303,318
        Lamb   Weston    Holdings     Inc.
                                           3,903,224          287,121
        Conagra     Brands    Inc.
                                          12,925,923          276,098
        JM  Smucker     Co.
                                           2,875,806          268,859
        Molson    Coors   Brewing     Co.  Class   B
                                           4,687,002          263,222
                                174/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Tapestry     Inc.
                                           7,710,012          260,213
        Hasbro    Inc.
                                           3,036,543          246,719
     *
        NVR  Inc.
                                             91,712        223,501
        Lear   Corp.
                                           1,711,878          210,321
        Newell    Brands    Inc.
                                          11,199,976          208,208
        Garmin    Ltd.
                                           3,274,791          207,360
        BorgWarner      Inc.
                                           5,547,494          192,720
     *
        LKQ  Corp.
                                           8,052,341          191,082
        Bunge   Ltd.
                                           3,565,490          190,540
        PVH  Corp.
                                           2,039,024          189,527
     *
        Mohawk    Industries      Inc.
                                           1,579,566          184,746
     *
        US  Foods   Holding     Corp.
                                           5,787,005          183,101
        Whirlpool      Corp.
                                           1,700,131          181,693
        PulteGroup      Inc.
                                           6,740,557          175,187
        Ingredion      Inc.
                                           1,883,111          172,116
     *
        Campbell     Soup   Co.
                                           5,201,587          171,600
     *
        Herbalife      Nutrition      Ltd.
                                           2,702,303          159,301
                                175/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Middleby     Corp.
                                           1,492,130          153,287
        Pool   Corp.
                                           1,017,798          151,296
        Ralph   Lauren    Corp.   Class   A
                                           1,454,289          150,461
     *
        Post   Holdings     Inc.
                                           1,678,504          149,605
     *
        WABCO   Holdings     Inc.
                                           1,388,770          149,071
        Harley-Davidson         Inc.
                                           4,339,617          148,068
     *
        Michael     Kors   Holdings     Ltd.
                                           3,804,897          144,282
        Fortune     Brands    Home   & Security     Inc.
                                           3,774,736          143,402
        Keurig    Dr  Pepper    Inc.
                                           5,562,050          142,611
     *,^
        Wayfair     Inc.
                                           1,567,649          141,214
        Gentex    Corp.
                                           6,978,007          141,026
        Goodyear     Tire   & Rubber    Co.
                                           6,213,291          126,813
        Jefferies      Financial      Group   Inc.
                                           7,299,741          126,724
        Leggett     & Platt   Inc.
                                           3,471,823          124,430
        Hanesbrands       Inc.
                                           9,623,025          120,576
        Polaris     Industries      Inc.
                                           1,563,689          119,904
        Toll   Brothers     Inc.
                                           3,541,830          116,632
        Brunswick      Corp.
                                           2,314,531          107,510
        Carter's     Inc.
                                           1,220,873          99,648
     *
        Deckers     Outdoor     Corp.
                                            772,689         98,866
        Valvoline      Inc.
                                           5,007,734          96,900
     *
        Helen   of  Troy   Ltd.
                                            701,710         92,050
     *,^
        Mattel    Inc.
                                           9,188,524          91,793
        Lancaster      Colony    Corp.
                                            512,735         90,682
        Flowers     Foods   Inc.
                                           4,775,678          88,207
     *,^
        Under   Armour    Inc.   Class   A
                                           4,874,058          86,125
        Nu  Skin   Enterprises       Inc.   Class   A
                                           1,403,196          86,058
     *,^
        Under   Armour    Inc.
                                           5,263,730          85,115
     *
        Darling     Ingredients       Inc.
                                           4,375,939          84,193
     *
        Skechers     U.S.A.    Inc.   Class   A
                                           3,581,501          81,981
     *
        Zynga   Inc.   Class   A
                                          20,744,299           81,525
        Coty   Inc.   Class   A
                                          12,024,349           78,880
        Wolverine      World   Wide   Inc.
                                           2,390,761          76,241
     *
        TreeHouse      Foods   Inc.
                                           1,495,578          75,841
        Energizer      Holdings     Inc.
                                           1,581,999          71,427
        Thor   Industries      Inc.
                                           1,334,416          69,390
        Columbia     Sportswear      Co.
                                            778,700         65,481
        WD-40   Co.
                                            349,024         63,962
        Steven    Madden    Ltd.
                                           2,094,308          63,374
     *
        Dorman    Products     Inc.
                                            703,655         63,343
     *
        Elanco    Animal    Health    Inc.
                                           1,951,866          61,542
     *,^
        iRobot    Corp.
                                            705,705         59,096
        J&J  Snack   Foods   Corp.
                                            395,829         57,233
     *
        Fox  Factory     Holding     Corp.
                                            956,740         56,323
        Sanderson      Farms   Inc.
                                            549,158         54,526
     *
        Edgewell     Personal     Care   Co.
                                           1,438,537          53,729
        Dana   Inc.
                                           3,847,002          52,435
     *
        Boston    Beer   Co.  Inc.   Class   A
                                            216,747         52,201
     *,^
        Tempur    Sealy   International        Inc.
                                           1,233,824          51,080
                                176/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ^
        B&G  Foods   Inc.
                                           1,753,456          50,692
     *
        Taylor    Morrison     Home   Corp.   Class   A
                                           3,141,082          49,943
        Herman    Miller    Inc.
                                           1,569,324          47,472
     *
        Visteon     Corp.
                                            771,429         46,502
        Spectrum     Brands    Holdings     Inc.
                                           1,064,106          44,958
        KB  Home
                                           2,348,046          44,848
     *
        Crocs   Inc.
                                           1,691,279          43,939
        LCI  Industries
                                            642,576         42,924
     *
        TRI  Pointe    Group   Inc.
                                           3,926,408          42,916
        Cooper    Tire   & Rubber    Co.
                                           1,327,294          42,911
     *
        Welbilt     Inc.
                                           3,740,241          41,554
     *
        USANA   Health    Sciences     Inc.
                                            348,598         41,040
        HNI  Corp.
                                           1,139,316          40,366
        Callaway     Golf   Co.
                                           2,520,504          38,564
     *
        Meritor     Inc.
                                           2,271,086          38,404
     *
        Gentherm     Inc.
                                            953,036         38,102
                                177/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Tenneco     Inc.   Class   A
                                           1,386,284          37,970
        Medifast     Inc.
                                            300,837         37,611
     *
        Hain   Celestial      Group   Inc.
                                           2,357,450          37,389
     *
        Meritage     Homes   Corp.
                                           1,001,565          36,777
        Universal      Corp.
                                            656,874         35,570
        Tupperware      Brands    Corp.
                                           1,108,469          34,994
        Nutrisystem       Inc.
                                            782,259         34,326
        La-Z-Boy     Inc.
                                           1,234,923          34,220
        Delphi    Technologies       plc
                                           2,352,442          33,687
        MDC  Holdings     Inc.
                                           1,192,698          33,527
     *
        American     Axle   & Manufacturing        Holdings     Inc.
                                           2,938,349          32,616
        Cal-Maine      Foods   Inc.
                                            759,204         32,114
        Steelcase      Inc.   Class   A
                                           2,125,501          31,521
     *
        G-III   Apparel     Group   Ltd.
                                           1,108,785          30,924
        Calavo    Growers     Inc.
                                            417,628         30,470
        Oxford    Industries      Inc.
                                            422,954         30,047
     *
        Cooper-Standard         Holdings     Inc.
                                            474,865         29,499
     *
        Central     Garden    & Pet  Co.  Class   A
                                            943,089         29,472
     *
        Cavco   Industries      Inc.
                                            224,107         29,219
        Inter   Parfums     Inc.
                                            444,469         29,144
     *,^
        Fitbit    Inc.   Class   A
                                           5,759,027          28,622
     *
        Hostess     Brands    Inc.   Class   A
                                           2,589,432          28,328
        Vector    Group   Ltd.
                                           2,790,836          27,155
        Seaboard     Corp.
                                             7,661        27,105
     *
        Sleep   Number    Corp.
                                            842,759         26,741
     *
        Glu  Mobile    Inc.
                                           3,032,347          24,471
     *
        Garrett     Motion    Inc.
                                           1,947,220          24,029
        Standard     Motor   Products     Inc.
                                            481,114         23,300
     *
        American     Woodmark     Corp.
                                            417,487         23,246
        Fresh   Del  Monte   Produce     Inc.
                                            817,358         23,107
        Sturm   Ruger   & Co.  Inc.
                                            432,701         23,028
     ^
        National     Beverage     Corp.
                                            309,004         22,177
        Interface      Inc.   Class   A
                                           1,540,156          21,947
        Coca-Cola      Bottling     Co.  Consolidated
                                            123,089         21,834
     *,^
        LGI  Homes   Inc.
                                            477,605         21,597
     *
        Freshpet     Inc.
                                            658,351         21,173
     *
        Pilgrim's      Pride   Corp.
                                           1,343,655          20,840
        Knoll   Inc.
                                           1,232,030          20,304
        MGP  Ingredients       Inc.
                                            352,191         20,092
     *
        Malibu    Boats   Inc.   Class   A
                                            549,619         19,127
        Andersons      Inc.
                                            632,989         18,920
     *
        Fossil    Group   Inc.
                                           1,183,893          18,623
        Winnebago      Industries      Inc.
                                            759,002         18,375
        Acushnet     Holdings     Corp.
                                            868,389         18,297
        ACCO   Brands    Corp.
                                           2,675,099          18,137
     *
        American     Outdoor     Brands    Corp.
                                           1,351,099          17,375
     *
        Stoneridge      Inc.
                                            703,841         17,350
        Phibro    Animal    Health    Corp.   Class   A
                                            525,784         16,909
     *
        Vista   Outdoor     Inc.
                                           1,462,740          16,602
                                178/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        National     Presto    Industries      Inc.
                                            137,240         16,046
     ^
        Tootsie     Roll   Industries      Inc.
                                            461,425         15,412
     *
        M/I  Homes   Inc.
                                            716,313         15,057
     *
        Central     Garden    & Pet  Co.
                                            409,355         14,102
        Skyline     Champion     Corp.
                                            954,421         14,020
     *
        Modine    Manufacturing        Co.
                                           1,209,255          13,072
        Lennar    Corp.   Class   B
                                            415,047         13,003
     *
        Primo   Water   Corp.
                                            919,049         12,876
        Movado    Group   Inc.
                                            404,066         12,777
     *,^
        GoPro   Inc.   Class   A
                                           2,991,568          12,684
        John   B Sanfilippo      & Son  Inc.
                                            218,710         12,173
        Tower   International        Inc.
                                            488,432         11,625
     *
        Century     Communities       Inc.
                                            657,636         11,351
     ^
        Camping     World   Holdings     Inc.   Class   A
                                            825,272          9,466
        Dean   Foods   Co.
                                           2,360,833           8,995
     *
        Beazer    Homes   USA  Inc.
                                            936,420          8,877
     *
        Motorcar     Parts   of  America     Inc.
                                            525,930          8,751
                                179/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Unifi   Inc.
                                            382,109          8,727
     *
        MasterCraft       Boat   Holdings     Inc.
                                            451,609          8,445
     *
        Nautilus     Inc.
                                            749,720          8,172
        Limoneira      Co.
                                            406,752          7,952
        Hooker    Furniture      Corp.
                                            292,319          7,700
     *,^
        22nd   Century     Group   Inc.
                                           3,034,920           7,557
     *
        ZAGG   Inc.
                                            769,717          7,528
     *,^
        New  Age  Beverages      Corp.
                                           1,331,052           6,921
     *
        Farmer    Brothers     Co.
                                            292,855          6,832
        Johnson     Outdoors     Inc.   Class   A
                                            110,155          6,471
        Clarus    Corp.
                                            638,712          6,464
     *
        YETI   Holdings     Inc.
                                            429,469          6,373
     *
        Seneca    Foods   Corp.   Class   A
                                            218,253          6,159
        Bassett     Furniture      Industries      Inc.
                                            295,682          5,925
        Turning     Point   Brands    Inc.
                                            210,429          5,728
        Culp   Inc.
                                            302,422          5,716
     *
        Craft   Brew   Alliance     Inc.
                                            394,664          5,648
        Hamilton     Beach   Brands    Holding     Co.  Class   A
                                            226,804          5,321
     *,^
        Revlon    Inc.   Class   A
                                            209,831          5,286
     *,^
        elf  Beauty    Inc.
                                            604,205          5,232
     *,^
        Sonos   Inc.
                                            518,489          5,092
        Rocky   Brands    Inc.
                                            193,275          5,025
        Weyco   Group   Inc.
                                            169,895          4,956
     *
        Lifevantage       Corp.
                                            374,459          4,939
     *
        Universal      Electronics       Inc.
                                            194,573          4,919
        Oil-Dri     Corp.   of  America
                                            161,061          4,268
        Superior     Group   of  Cos.   Inc.
                                            240,917          4,252
     *
        Lovesac     Co.
                                            165,142          3,788
        Lifetime     Brands    Inc.
                                            338,870          3,399
        Marine    Products     Corp.
                                            194,459          3,288
     *,^
        Vuzix   Corp.
                                            625,024          3,006
        Strattec     Security     Corp.
                                            101,820          2,932
        Flexsteel      Industries      Inc.
                                            130,005          2,871
     *,^
        Pyxus   International        Inc.
                                            238,753          2,832
     *,^
        Akoustis     Technologies       Inc.
                                            561,823          2,792
     *
        Shiloh    Industries      Inc.
                                            434,285          2,532
     *,^
        Funko   Inc.   Class   A
                                            192,360          2,530
        Alico   Inc.
                                             82,474         2,433
     *
        Delta   Apparel     Inc.
                                            139,331          2,401
        Escalade     Inc.
                                            203,028          2,325
     *,^
        Castle    Brands    Inc.
                                           2,715,417           2,309
     *
        RiceBran     Technologies
                                            767,288          2,302
        Titan   International        Inc.
                                            484,549          2,258
     *,^
        Eastman     Kodak   Co.
                                            882,600          2,251
     *
        Lakeland     Industries      Inc.
                                            201,320          2,102
        Kewaunee     Scientific      Corp.
                                             57,081         1,897
     *
        Nature's     Sunshine     Products     Inc.
                                            224,632          1,831
     *
        Natural     Alternatives       International        Inc.
                                            181,845          1,788
        Core   Molding     Technologies       Inc.
                                            228,649          1,626
                                180/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Celsius     Holdings     Inc.
                                            447,606          1,553
        Crown   Crafts    Inc.
                                            274,576          1,483
        Rocky   Mountain     Chocolate      Factory     Inc.
                                            173,764          1,461
        Ethan   Allen   Interiors      Inc.
                                             69,679         1,226
     *
        Centric     Brands    Inc.
                                            348,293          1,195
     *,^
        Veru   Inc.
                                            812,319          1,137
     *
        Alpha   Pro  Tech   Ltd.
                                            293,460          1,089
     *
        New  Home   Co.  Inc.
                                            181,777           951
        Acme   United    Corp.
                                             60,785          866
     *,^
        Blink   Charging     Co.
                                            470,258           809
     *
        Vera   Bradley     Inc.
                                             94,028          806
     *
        Reed's    Inc.
                                            375,034           776
     *,^
        S&W  Seed   Co.
                                            403,039           729
     *,^
        Level   Brands    Inc.
                                            231,989           717
     *,^
        Innovate     Biopharmaceuticals           Inc.
                                            251,340           581
     *
        Tandy   Leather     Factory     Inc.
                                             93,919          533
                                181/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Mannatech      Inc.
                                             25,551          480
     *
        Willamette      Valley    Vineyards      Inc.
                                             66,647          459
     *,^
        JAKKS   Pacific     Inc.
                                            306,686           451
     *
        LS  Starrett     Co.  Class   A
                                             75,368          394
     *
        Coffee    Holding     Co.  Inc.
                                            105,416           372
        Virco   Manufacturing        Corp.
                                             54,872          235
     *
        Bridgford      Foods   Corp.
                                             10,626          211
     *
        Zedge   Inc.   Class   B
                                             85,340          209
        Jerash    Holdings     US  Inc.
                                             34,954          204
        P&F  Industries      Inc.   Class   A
                                             19,303          149
     *
        Summer    Infant    Inc.
                                            133,100           140
     *,^
        Nova   Lifestyle      Inc.
                                            298,918           138
        CompX   International        Inc.
                                             7,411          101
     *
        Dixie   Group   Inc.
                                            141,943           100
        Ocean   Bio-Chem     Inc.
                                             24,282           80
     *
        William     Lyon   Homes   Class   A
                                             5,416          58
     *,^
        CTI  Industries      Corp.
                                             14,046           42
     *
        Lifeway     Foods   Inc.
                                             22,423           42
     *
        Cherokee     Inc.
                                             73,246           37
     *
        Koss   Corp.
                                             17,633           33
     *
        Emerson     Radio   Corp.
                                             17,781           26
     *
        US  Auto   Parts   Network     Inc.
                                             21,627           20
     *
        Charles     & Colvard     Ltd.
                                             20,203           17
     *
        Hovnanian      Enterprises       Inc.   Class   B
                                             19,300           13
     *
        Iconix    Brand   Group   Inc.
                                             53,800           ▶
     *,^
        Orchids     Paper   Products     Co.
                                              766          1
     *
        CCA  Industries      Inc.
                                                        -
                                              147
                                                   53,039,561
     消費者サービス         (13.5   ％ )
     *
        Amazon.com      Inc.
                                          11,103,329         16,676,867
        Home   Depot   Inc.
                                          30,177,998         5,185,184
        Walt   Disney    Co.
                                          37,777,614         4,142,315
        Comcast     Corp.   Class   A
                                          121,287,849          4,129,851
        McDonald's      Corp.
                                          20,593,963         3,656,870
        Walmart     Inc.
                                          39,123,470         3,644,351
     *
        Netflix     Inc.
                                          11,067,658         2,962,369
        Costco    Wholesale      Corp.
                                          11,708,026         2,385,042
        CVS  Health    Corp.
                                          34,546,444         2,263,483
     *
        Booking     Holdings     Inc.
                                           1,237,488         2,131,474
        Starbucks      Corp.
                                          31,484,054         2,027,573
        Lowe's    Cos.   Inc.
                                          20,517,406         1,894,988
        Walgreens      Boots   Alliance     Inc.
                                          21,511,605         1,469,888
        TJX  Cos.   Inc.
                                          31,414,950         1,405,505
        Twenty-First       Century     Fox  Inc.   Class   A
                                          27,700,428         1,332,945
     *
        Charter     Communications         Inc.   Class   A
                                           4,281,483         1,220,094
        Target    Corp.
                                          13,940,612          921,335
        Ross   Stores    Inc.
                                           9,979,765          830,316
        Sysco   Corp.
                                          13,195,902          826,855
        Delta   Air  Lines   Inc.
                                          16,485,992          822,651
                                182/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Dollar    General     Corp.
                                           7,093,022          766,614
        Yum!   Brands    Inc.
                                           8,335,272          766,178
        Marriott     International        Inc.   Class   A
                                           6,838,201          742,355
     *
        O'Reilly     Automotive      Inc.
                                           2,140,708          737,110
     *
        eBay   Inc.
                                          24,429,683          685,741
        Twenty-First       Century     Fox  Inc.
                                          13,324,343          636,637
        Southwest      Airlines     Co.
                                          13,522,093          628,507
        Kroger    Co.
                                          21,311,126          586,056
        McKesson     Corp.
                                           5,220,751          576,736
     *
        Dollar    Tree   Inc.
                                           6,357,061          574,170
     *
        AutoZone     Inc.
                                            682,918         572,517
        Hilton    Worldwide      Holdings     Inc.
                                           7,923,665          568,919
        Las  Vegas   Sands   Corp.
                                          10,472,601          545,099
        Carnival     Corp.
                                          10,558,853          520,551
     *
        United    Continental       Holdings     Inc.
                                           6,190,343          518,317
        Omnicom     Group   Inc.
                                           5,988,453          438,594
        Royal   Caribbean      Cruises     Ltd.
                                           4,470,215          437,142
                                183/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        CBS  Corp.   Class   B
                                           9,186,710          401,643
     *
        Ulta   Beauty    Inc.
                                           1,515,610          371,082
        American     Airlines     Group   Inc.
                                          11,067,129          355,366
        Expedia     Group   Inc.
                                           3,094,179          348,559
        Darden    Restaurants       Inc.
                                           3,318,365          331,372
        Best   Buy  Co.  Inc.
                                           6,161,771          326,327
     *
        Chipotle     Mexican     Grill   Inc.   Class   A
                                            741,270         320,073
        AmerisourceBergen          Corp.   Class   A
                                           4,243,361          315,706
        MGM  Resorts     International
                                          12,636,082          306,551
        Kohl's    Corp.
                                           4,448,571          295,118
     *
        Burlington      Stores    Inc.
                                           1,799,111          292,661
     *
        CarMax    Inc.
                                           4,660,320          292,342
        Advance     Auto   Parts   Inc.
                                           1,847,635          290,929
        Domino's     Pizza   Inc.
                                           1,106,998          274,524
        Tractor     Supply    Co.
                                           3,252,579          271,395
     *
        Copart    Inc.
                                           5,626,440          268,831
        Viacom    Inc.   Class   B
                                           9,711,280          249,580
        Tiffany     & Co.
                                           3,086,197          248,470
     *
        Norwegian      Cruise    Line   Holdings     Ltd.
                                           5,857,004          248,278
        Wynn   Resorts     Ltd.
                                           2,462,903          243,606
        Macy's    Inc.
                                           8,179,692          243,591
     *
        Liberty     Broadband      Corp.
                                           3,287,371          236,789
        Vail   Resorts     Inc.
                                           1,077,257          227,107
        Nielsen     Holdings     plc
                                           9,463,119          220,775
     *
        Qurate    Retail    Group   Inc.   QVC  Group   Class   A
                                          11,210,596          218,831
        Interpublic       Group   of  Cos.   Inc.
                                          10,230,355          211,052
        FactSet     Research     Systems     Inc.
                                           1,012,656          202,663
        Alaska    Air  Group   Inc.
                                           3,283,615          199,808
        Gap  Inc.
                                           7,690,398          198,105
        Aramark
                                           6,566,441          190,230
     *
        GrubHub     Inc.
                                           2,415,298          185,519
     *
        Discovery      Communications         Inc.
                                           7,994,340          184,509
        Service     Corp.   International
                                           4,575,498          184,210
     *
        Live   Nation    Entertainment        Inc.
                                           3,628,692          178,713
     *
        Bright    Horizons     Family    Solutions      Inc.
                                           1,542,416          171,902
        KAR  Auction     Services     Inc.
                                           3,592,320          171,426
     *,^
        Sirius    XM  Holdings     Inc.
                                          29,650,220          169,303
        Foot   Locker    Inc.
                                           3,067,237          163,177
        L Brands    Inc.
                                           6,229,315          159,907
        Sabre   Corp.
                                           7,325,928          158,533
        Altice    USA  Inc.   Class   A
                                           9,374,075          154,860
     *
        Liberty     Media   Corp-Liberty       Formula     One
                                           4,995,296          153,356
     *
        TripAdvisor       Inc.
                                           2,830,721          152,689
     *
        Liberty     Media   Corp-Liberty       SiriusXM     Class   C
                                           4,111,706          152,051
     *
        Five   Below   Inc.
                                           1,485,067          151,952
        Nordstrom      Inc.
                                           3,158,156          147,202
        News   Corp.   Class   A
                                          12,938,905          146,857
     *
        Etsy   Inc.
                                           3,055,402          145,345
     *
        DISH   Network     Corp.   Class   A
                                           5,819,132          145,304
                                184/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Rollins     Inc.
                                           3,934,056          142,019
        Dunkin'     Brands    Group   Inc.
                                           2,192,313          140,571
        Dun  & Bradstreet      Corp.
                                            984,118         140,473
        H&R  Block   Inc.
                                           5,461,870          138,568
     *
        ServiceMaster        Global    Holdings     Inc.
                                           3,611,695          132,694
     *
        JetBlue     Airways     Corp.
                                           8,139,003          130,712
     *
        Madison     Square    Garden    Co.  Class   A
                                            486,335         130,192
     *
        Planet    Fitness     Inc.   Class   A
                                           2,351,401          126,082
        Casey's     General     Stores    Inc.
                                            975,422         124,991
     *,^
        Discovery      Communications         Inc.   Class   A
                                           4,993,438          123,538
     *
        Grand   Canyon    Education      Inc.
                                           1,281,556          123,209
        Wyndham     Hotels    & Resorts     Inc.
                                           2,640,153          119,784
        Texas   Roadhouse      Inc.   Class   A
                                           1,808,518          107,969
     ^
        Williams-Sonoma         Inc.
                                           2,139,769          107,951
        Six  Flags   Entertainment        Corp.
                                           1,912,308          106,382
     *,^
        Trade   Desk   Inc.   Class   A
                                            916,222         106,337
                                185/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Cable   One  Inc.
                                            128,983         105,779
     *
        Spirit    Airlines     Inc.
                                           1,815,166          105,134
     *,^
        Caesars     Entertainment        Corp.
                                          15,225,195          103,379
     ^
        Cracker     Barrel    Old  Country     Store   Inc.
                                            638,435         102,060
        Cinemark     Holdings     Inc.
                                           2,806,120          100,459
        Dolby   Laboratories       Inc.   Class   A
                                           1,619,838          100,171
        Tribune     Media   Co.  Class   A
                                           2,097,287          95,175
     *
        Ollie's     Bargain     Outlet    Holdings     Inc.
                                           1,418,020          94,313
        Nexstar     Media   Group   Inc.   Class   A
                                           1,156,081          90,914
        Wyndham     Destinations       Inc.
                                           2,466,076          88,384
        New  York   Times   Co.  Class   A
                                           3,946,686          87,972
     *
        Liberty     Media   Corp-Liberty       SiriusXM     Class   A
                                           2,385,676          87,793
        American     Eagle   Outfitters      Inc.
                                           4,495,215          86,893
     *
        Performance       Food   Group   Co.
                                           2,665,941          86,030
        Marriott     Vacations      Worldwide      Corp.
                                           1,126,556          79,433
        Wendy's     Co.
                                           5,058,642          78,965
     *
        Chegg   Inc.
                                           2,747,924          78,096
        Extended     Stay   America     Inc.
                                           5,009,948          77,654
        World   Wrestling      Entertainment        Inc.   Class   A
                                           1,037,572          77,527
        Aaron's     Inc.
                                           1,830,031          76,953
     *
        Sprouts     Farmers     Market    Inc.
                                           3,233,318          76,015
     *
        Adtalem     Global    Education      Inc.
                                           1,558,522          73,749
        Hyatt   Hotels    Corp.   Class   A
                                           1,089,151          73,627
     *
        Yelp   Inc.   Class   A
                                           2,094,429          73,284
     *
        Stamps.com      Inc.
                                            460,070         71,605
        Churchill      Downs   Inc.
                                            289,262         70,563
        Graham    Holdings     Co.  Class   B
                                            110,097         70,526
        AMERCO
                                            208,958         68,561
     *
        Hilton    Grand   Vacations      Inc.
                                           2,582,217          68,145
     *
        Urban   Outfitters      Inc.
                                           2,019,687          67,054
     *
        LiveRamp     Holdings     Inc.
                                           1,718,727          66,394
     *
        AMC  Networks     Inc.   Class   A
                                           1,198,004          65,746
     *,^
        RH
                                            534,618         64,058
        Choice    Hotels    International        Inc.
                                            893,194         63,935
        Strategic      Education      Inc.
                                            553,757         62,807
     *
        Murphy    USA  Inc.
                                            815,264         62,482
        TEGNA   Inc.
                                           5,739,825          62,392
        Dick's    Sporting     Goods   Inc.
                                           1,927,461          60,137
     *
        Belmond     Ltd.   Class   A
                                           2,323,456          58,156
        Monro   Inc.
                                            833,983         57,336
        SkyWest     Inc.
                                           1,283,865          57,093
        John   Wiley   & Sons   Inc.   Class   A
                                           1,208,249          56,751
     *
        Liberty     Expedia     Holdings     Inc.   Class   A
                                           1,440,525          56,339
     *
        Penn   National     Gaming    Inc.
                                           2,990,434          56,310
     *
        Eldorado     Resorts     Inc.
                                           1,548,774          56,081
        Hillenbrand       Inc.
                                           1,476,198          55,992
     *
        AutoNation      Inc.
                                           1,554,479          55,495
        Meredith     Corp.
                                           1,064,526          55,292
        Morningstar       Inc.
                                            503,212         55,273
                                186/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Pandora     Media   Inc.
                                           6,811,876          55,108
     *
        Sally   Beauty    Holdings     Inc.
                                           3,197,197          54,512
     *,^
        Roku   Inc.
                                           1,741,310          53,354
     *
        Cargurus     Inc.
                                           1,537,995          51,877
        Jack   in  the  Box  Inc.
                                            654,882         50,839
        Wingstop     Inc.
                                            774,512         49,716
     *
        National     Vision    Holdings     Inc.
                                           1,751,963          49,353
        Sinclair     Broadcast      Group   Inc.   Class   A
                                           1,841,009          48,492
     *
        Weight    Watchers     International        Inc.
                                           1,252,881          48,299
     *
        frontdoor      Inc.
                                           1,787,587          47,568
        Cheesecake      Factory     Inc.
                                           1,087,050          47,298
        Dave   & Buster's     Entertainment        Inc.
                                           1,038,269          46,265
        Lithia    Motors    Inc.   Class   A
                                            601,944         45,946
        DSW  Inc.   Class   A
                                           1,850,632          45,711
        Brinker     International        Inc.
                                           1,028,198          45,220
                                187/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Sotheby's
                                           1,122,248          44,598
        Signet    Jewelers     Ltd.
                                           1,390,867          44,188
     *
        BJ's   Wholesale      Club   Holdings     Inc.
                                           1,989,779          44,094
        Boyd   Gaming    Corp.
                                           2,090,967          43,450
        PriceSmart      Inc.
                                            682,602         40,342
        Bed  Bath   & Beyond    Inc.
                                           3,503,791          39,663
        Bloomin'     Brands    Inc.
                                           2,208,607          39,512
        Lions   Gate   Entertainment        Corp.   Class   B
                                           2,628,832          39,117
     *
        Cars.com     Inc.
                                           1,816,090          39,046
     *
        Groupon     Inc.   Class   A
                                          12,153,820           38,892
        Red  Rock   Resorts     Inc.   Class   A
                                           1,856,466          37,705
        Children's      Place   Inc.
                                            412,006         37,118
     *
        Avis   Budget    Group   Inc.
                                           1,640,668          36,882
        Penske    Automotive      Group   Inc.
                                            911,647         36,758
     *
        Floor   & Decor   Holdings     Inc.   Class   A
                                           1,416,356          36,684
     *
        Laureate     Education      Inc.   Class   A
                                           2,373,145          36,167
        Abercrombie       & Fitch   Co.
                                           1,793,668          35,963
     *
        Shutterfly      Inc.
                                            889,076         35,794
     *
        MSG  Networks     Inc.
                                           1,516,164          35,721
     *
        Asbury    Automotive      Group   Inc.
                                            529,978         35,328
     *,^
        Michaels     Cos.   Inc.
                                           2,509,182          33,974
     *
        Simply    Good   Foods   Co.
                                           1,771,453          33,480
        Hawaiian     Holdings     Inc.
                                           1,254,177          33,123
        GameStop     Corp.   Class   A
                                           2,572,313          32,463
        Matthews     International        Corp.   Class   A
                                            797,260         32,385
        Guess?    Inc.
                                           1,505,344          31,266
        Big  Lots   Inc.
                                           1,079,952          31,232
     *
        SeaWorld     Entertainment        Inc.
                                           1,390,837          30,724
     *,^
        ANGI   Homeservices       Inc.   Class   A
                                           1,910,688          30,705
        Dine   Brands    Global    Inc.
                                            450,645         30,346
        Allegiant      Travel    Co.  Class   A
                                            302,417         30,308
     *,^
        Carvana     Co.  Class   A
                                            926,227         30,297
     *
        Gray   Television      Inc.
                                           2,048,915          30,201
     *
        Liberty     TripAdvisor       Holdings     Inc.   Class   A
                                           1,891,202          30,051
     *
        Shake   Shack   Inc.   Class   A
                                            658,252         29,898
        Caleres     Inc.
                                           1,025,935          28,552
        BJ's   Restaurants       Inc.
                                            558,391         28,238
        Core-Mark      Holding     Co.  Inc.
                                           1,198,553          27,866
        Viad   Corp.
                                            525,662         26,330
     *
        Scientific      Games   Corp.
                                           1,469,503          26,275
        International        Speedway     Corp.   Class   A
                                            598,281         26,241
        Gannett     Co.  Inc.
                                           3,039,013          25,923
        Lions   Gate   Entertainment        Corp.   Class   A
                                           1,602,116          25,794
        Group   1 Automotive      Inc.
                                            488,023         25,729
     *
        Denny's     Corp.
                                           1,566,924          25,400
        Scholastic      Corp.
                                            630,074         25,367
     *
        Houghton     Mifflin     Harcourt     Co.
                                           2,780,142          24,632
     *
        K12  Inc.
                                            967,512         23,985
     *
        Liberty     Media   Corp-Liberty       Formula     One  Class   A
                                            799,896         23,773
                                188/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Papa   John's    International        Inc.
                                            587,653         23,394
     *
        Liberty     Media   Corp-Liberty       Braves    Class   C
                                            925,452         23,035
        EW  Scripps     Co.  Class   A
                                           1,445,947          22,745
     *
        Quotient     Technology      Inc.
                                           2,110,916          22,545
     *
        Genesco     Inc.
                                            505,442         22,391
     *
        Chefs'    Warehouse      Inc.
                                            675,534         21,604
     *
        Rent-A-Center        Inc.
                                           1,267,156          20,515
     *
        Diplomat     Pharmacy     Inc.
                                           1,474,123          19,842
     *
        Hertz   Global    Holdings     Inc.
                                           1,437,010          19,615
        Marcus    Corp.
                                            493,344         19,487
     ^
        Dillard's      Inc.   Class   A
                                            316,672         19,099
     *
        TrueCar     Inc.
                                           2,075,397          18,803
        Entercom     Communications         Corp.   Class   A
                                           3,243,547          18,521
     *,^
        Stitch    Fix  Inc.   Class   A
                                           1,073,618          18,348
        Weis   Markets     Inc.
                                            379,503         18,133
                                189/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Chico's     FAS  Inc.
                                           3,203,805          18,005
     *,^
        Trupanion      Inc.
                                            703,730         17,917
     *
        comScore     Inc.
                                           1,240,830          17,905
     *
        QuinStreet      Inc.
                                           1,100,702          17,864
     *
        Providence      Service     Corp.
                                            297,254         17,841
     *
        SP  Plus   Corp.
                                            574,305         16,965
        Tailored     Brands    Inc.
                                           1,243,081          16,956
        New  Media   Investment      Group   Inc.
                                           1,458,199          16,871
        Ruth's    Hospitality       Group   Inc.
                                            741,814         16,861
        AMC  Entertainment        Holdings     Inc.   Class   A
                                           1,359,183          16,691
     *
        Herc   Holdings     Inc.
                                            641,053         16,661
     *
        Liberty     Broadband      Corp.   Class   A
                                            223,832         16,073
     *
        Party   City   Holdco    Inc.
                                           1,533,160          15,301
     *
        Regis   Corp.
                                            880,203         14,919
        SpartanNash       Co.
                                            867,814         14,909
     ^
        Buckle    Inc.
                                            769,911         14,890
     *
        United    Natural     Foods   Inc.
                                           1,369,355          14,501
     *
        Care.com     Inc.
                                            716,002         13,826
     *
        PlayAGS     Inc.
                                            595,468         13,696
     *
        MarineMax      Inc.
                                            700,995         12,835
     *
        America's      Car-Mart     Inc.
                                            175,489         12,714
     *
        Boot   Barn   Holdings     Inc.
                                            746,272         12,709
     ^
        PetMed    Express     Inc.
                                            506,482         11,781
        National     CineMedia      Inc.
                                           1,803,937          11,690
     *
        American     Public    Education      Inc.
                                            390,828         11,123
     *
        Monarch     Casino    & Resort    Inc.
                                            284,298         10,843
     *
        Ascena    Retail    Group   Inc.
                                           4,295,186          10,781
        Shoe   Carnival     Inc.
                                            312,690         10,478
        Winmark     Corp.
                                             63,833         10,149
     *
        Career    Education      Corp.
                                            859,636          9,817
     *
        Zumiez    Inc.
                                            496,232          9,513
        Ingles    Markets     Inc.   Class   A
                                            348,858          9,496
     *
        Express     Inc.
                                           1,818,554           9,293
     *,^
        Conn's    Inc.
                                            489,045          9,223
     *
        Lindblad     Expeditions       Holdings     Inc.
                                            683,537          9,200
        Carriage     Services     Inc.   Class   A
                                            560,718          8,691
     *
        Carrols     Restaurant      Group   Inc.
                                            853,161          8,395
     *
        Fiesta    Restaurant      Group   Inc.
                                            532,247          8,255
        Haverty     Furniture      Cos.   Inc.
                                            437,988          8,225
     *
        El  Pollo   Loco   Holdings     Inc.
                                            540,963          8,206
        Cato   Corp.   Class   A
                                            561,140          8,007
     *,^
        Lumber    Liquidators       Holdings     Inc.
                                            797,105          7,588
     *
        Upwork    Inc.
                                            412,105          7,463
     *
        Hibbett     Sports    Inc.
                                            516,617          7,388
     *
        Titan   Machinery      Inc.
                                            560,175          7,366
     *,^
        Duluth    Holdings     Inc.
                                            291,583          7,357
     *
        1-800-Flowers.com          Inc.   Class   A
                                            600,047          7,339
     *
        Golden    Entertainment        Inc.
                                            455,869          7,303
     *
        Del  Taco   Restaurants       Inc.
                                            726,097          7,254
                                190/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Bojangles'      Inc.
                                            435,698          7,006
     *
        Del  Frisco's     Restaurant      Group   Inc.
                                            950,191          6,794
        Citi   Trends    Inc.
                                            333,045          6,791
     *
        Liberty     Media   Corp-Liberty       Braves    Class   A
                                            266,340          6,643
        RCI  Hospitality       Holdings     Inc.
                                            295,309          6,594
     *
        Habit   Restaurants       Inc.   Class   A
                                            620,402          6,514
        News   Corp.   Class   B
                                            558,819          6,454
        Office    Depot   Inc.
                                           2,481,203           6,402
     *
        Drive   Shack   Inc.
                                           1,629,434           6,387
     *
        Century     Casinos     Inc.
                                            847,042          6,260
     *
        Clean   Energy    Fuels   Corp.
                                           3,446,186           5,927
        Nathan's     Famous    Inc.
                                             88,568         5,885
     *,^
        Daily   Journal     Corp.
                                             24,964         5,842
     *
        Potbelly     Corp.
                                            702,516          5,655
     *
        Reading     International        Inc.   Class   A
                                            386,999          5,627
                                191/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Tile   Shop   Holdings     Inc.
                                           1,013,318           5,553
        Tilly's     Inc.   Class   A
                                            510,057          5,539
     *
        TechTarget      Inc.
                                            450,373          5,499
        Clear   Channel     Outdoor     Holdings     Inc.   Class   A
                                           1,056,412           5,483
     *
        Bridgepoint       Education      Inc.   Class   A
                                            776,825          5,446
        Entravision       Communications         Corp.   Class   A
                                           1,828,760           5,322
     *
        Red  Lion   Hotels    Corp.
                                            640,254          5,250
     *
        Avid   Technology      Inc.
                                           1,085,188           5,155
     *,^
        Boston    Omaha   Corp.   Class   A
                                            218,549          5,114
        Village     Super   Market    Inc.   Class   A
                                            187,961          5,026
     *,^
        GNC  Holdings     Inc.   Class   A
                                           2,114,623           5,012
     *
        Hemisphere      Media   Group   Inc.   Class   A
                                            410,074          4,978
     *
        Tribune     Publishing      Co.
                                            436,424          4,949
     *
        PCM  Inc.
                                            278,137          4,898
        Sonic   Automotive      Inc.   Class   A
                                            344,780          4,744
     *
        Sportsman's       Warehouse      Holdings     Inc.
                                           1,019,460           4,465
        Speedway     Motorsports       Inc.
                                            271,158          4,412
     ^
        Natural     Health    Trends    Corp.
                                            238,051          4,402
     *
        At  Home   Group   Inc.
                                            231,762          4,325
     *,^
        Noodles     & Co.  Class   A
                                            608,247          4,252
     *
        Natural     Grocers     by  Vitamin     Cottage     Inc.
                                            276,338          4,236
     *
        MDC  Partners     Inc.   Class   A
                                           1,600,204           4,177
     *
        Kirkland's      Inc.
                                            420,434          4,007
        Saga   Communications         Inc.   Class   A
                                            117,114          3,892
     *
        Red  Robin   Gourmet     Burgers     Inc.
                                            136,465          3,646
     *,^
        Digital     Turbine     Inc.
                                           1,961,674           3,590
     *,^
        Overstock.com        Inc.
                                            258,584          3,512
     *,^
        Lands'    End  Inc.
                                            239,935          3,409
     *
        J Alexander's       Holdings     Inc.
                                            404,654          3,330
     *
        Gaia   Inc.   Class   A
                                            318,477          3,299
     *,^
        HF  Foods   Group   Inc.
                                            245,871          3,270
     *
        Leaf   Group   Ltd.
                                            470,537          3,223
     *
        Rubicon     Project     Inc.
                                            832,277          3,104
     *,^
        Fluent    Inc.
                                            851,887          3,067
     *
        Lee  Enterprises       Inc.
                                           1,404,374           2,963
     *,^
        Global    Eagle   Entertainment        Inc.
                                           1,236,770           2,758
     *
        Liquidity      Services     Inc.
                                            418,992          2,585
     *
        TheStreet      Inc.
                                           1,209,974           2,456
     *
        Mesa   Air  Group   Inc.
                                            314,455          2,424
     *
        Biglari     Holdings     Inc.
                                             3,736         2,196
     *
        Container      Store   Group   Inc.
                                            459,557          2,192
     *
        RTW  RetailWinds       Inc.
                                            742,939          2,103
     *
        Town   Sports    International        Holdings     Inc.
                                            297,132          1,902
     *
        Destination       XL  Group   Inc.
                                            789,746          1,714
     *
        Biglari     Holdings     Inc.   Class   B
                                             15,063         1,711
        A-Mark    Precious     Metals    Inc.
                                            140,198          1,653
        Peak   Resorts     Inc.
                                            339,567          1,589
     *
        RealNetworks       Inc.
                                            662,352          1,530
     *
        Vitamin     Shoppe    Inc.
                                            316,832          1,502
                                192/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Full   House   Resorts     Inc.
                                            633,724          1,280
     *,^
        Papa   Murphy's     Holdings     Inc.
                                            266,958          1,268
     *,^
        Dover   Downs   Gaming    & Entertainment        Inc.
                                            434,538          1,204
     *
        J.  Jill   Inc.
                                            197,755          1,054
        Educational       Development       Corp.
                                            121,378          1,035
     *
        Eastside     Distilling      Inc.
                                            167,117          1,033
     *,^
        Fred's    Inc.   Class   A
                                            536,413          1,014
     *
        Travelzoo
                                            100,611           989
        Gaming    Partners     International        Corp.
                                             74,546          969
     *
        Urban   One  Inc.
                                            584,263           941
     ^
        Chicken     Soup   For  The  Soul   Entertainment        Inc.
                                            117,602           884
     *
        Good   Times   Restaurants       Inc.
                                            350,979           877
     *
        ONE  Group   Hospitality       Inc.
                                            280,313           861
        Dover   Motorsports       Inc.
                                            442,500           832
        Marchex     Inc.   Class   B
                                            301,676           799
                                193/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        Select    Interior     Concepts     Inc.   Class   A
                                            105,442           793
     *,^
        McClatchy      Co.  Class   A
                                            101,542           777
        Ark  Restaurants       Corp.
                                             42,303          777
        AH  Belo   Corp.   Class   A
                                            227,017           765
     *,^
        Remark    Holdings     Inc.
                                            625,505           757
     *
        Nevada    Gold   & Casinos     Inc.
                                            316,555           753
        CSS  Industries      Inc.
                                             77,281          693
     *,^
        VistaGen     Therapeutics       Inc.
                                            382,270           573
     *
        Smart   & Final   Stores    Inc.
                                            117,503           557
     *,^
        JC  Penney    Co.  Inc.
                                            524,500           545
     *,^
        Famous    Dave's    of  America     Inc.
                                            117,953           541
     *,^
        Interpace      Diagnostics       Group   Inc.
                                            622,538           498
     *
        Waitr   Holdings     Inc.
                                             43,849          489
     *,^
        Net  Element     Inc.
                                             84,460          483
     *
        Chuy's    Holdings     Inc.
                                             25,839          458
        Salem   Media   Group   Inc.   Class   A
                                            215,388           450
     *,^
        Valeritas      Holdings     Inc.
                                           1,380,580            449
     *
        Emmis   Communications         Corp.   Class   A
                                            139,651           446
        Canterbury      Park   Holding     Corp.
                                             31,705          441
     *
        Destination       Maternity      Corp.
                                            135,486           385
        Barnes    & Noble   Inc.
                                             54,038          383
        Collectors      Universe     Inc.
                                             30,516          347
     *,^
        Youngevity      International        Inc.
                                             59,632          341
     *
        Build-A-Bear       Workshop     Inc.
                                             82,050          324
     *,^
        Tuesday     Morning     Corp.
                                            190,533           324
        Townsquare      Media   Inc.   Class   A
                                             78,884          322
     *,^
        Sears   Hometown     and  Outlet    Stores    Inc.
                                            143,195           305
     *,^
        Social    Reality     Inc.
                                            148,260           302
        Value   Line   Inc.
                                             9,238          240
     *,^
        Stein   Mart   Inc.
                                            193,531           207
     *
        Diversified       Restaurant      Holdings     Inc.
                                            188,200           183
     *,^
        Purple    Innovation      Inc.
                                             27,138          160
     *,^
        Genius    Brands    International        Inc.
                                             68,896          148
     *
        Cumulus     Media   Inc.   Class   A
                                             12,241          132
     *
        Profire     Energy    Inc.
                                             80,670          117
     ^
        Stage   Stores    Inc.
                                            130,030           96
     *
        BioHiTech      Global    Inc.
                                             41,922           68
     *,^
        Kona   Grill   Inc.
                                             61,343           64
     ^
        FAT  Brands    Inc.
                                             12,218           57
     *
        EVINE   Live   Inc.
                                            136,245           54
        Harte-Hanks       Inc.
                                             12,046           29
     *
        Dolphin     Entertainment        Inc.
                                             37,619           29
        Haverty     Furniture      Cos.   Inc.   Class   A
                                             1,375          26
     *
        SG  Blocks    Inc.
                                             8,584          23
     *
        Inspired     Entertainment        Inc.
                                             4,644          22
     *,^
        LiveXLive      Media   Inc.
                                             4,009          20
     *
        Insignia     Systems     Inc.
                                             9,210          14
     *,^
        National     American     University      Holdings     Inc.
                                             69,425           13
     *,^
        Spark   Networks     SE  ADR
                                             1,099           9
                                194/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Viacom    Inc.   Class   A
                                              300          8
     *,§
        Universal      Travel    Group
                                             42,843           7
     *
        Live   Ventures     Inc.
                                              812          5
     *
        Urban   One  Inc.   Class   A
                                              950          2
     *
        YogaWorks      Inc.
                                             3,300           2
     *
        DGSE   Cos.   Inc.
                                             2,900           1
     *
        Ascent    Capital     Group   Inc.   Class   A
                                                        1
                                             2,801
                                                   90,710,181
     金融   (19.3   ％ )
     *
        Berkshire      Hathaway     Inc.   Class   B
                                          50,508,373         10,312,800
        JPMorgan     Chase   & Co.
                                          88,872,039         8,675,688
        Visa   Inc.   Class   A
                                          47,014,765         6,203,128
        Bank   of  America     Corp.
                                          236,065,255          5,816,648
        Wells   Fargo   & Co.
                                          113,207,525          5,216,603
        Mastercard      Inc.   Class   A
                                          24,548,873         4,631,145
                                195/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Citigroup      Inc.
                                          65,271,677         3,398,044
        American     Tower   Corp.
                                          11,767,132         1,861,443
        CME  Group   Inc.
                                           9,556,227         1,797,717
        US  Bancorp
                                          38,911,037         1,778,234
        American     Express     Co.
                                          18,261,147         1,740,653
        Chubb   Ltd.
                                          11,698,938         1,511,269
        Goldman     Sachs   Group   Inc.
                                           8,942,253         1,493,803
        Simon   Property     Group   Inc.
                                           8,262,497         1,388,017
        Morgan    Stanley
                                          34,464,743         1,366,527
        Charles     Schwab    Corp.
                                          32,482,855         1,349,013
        PNC  Financial      Services     Group   Inc.
                                          11,116,783         1,299,663
        Crown   Castle    International        Corp.
                                          11,081,733         1,203,809
        BlackRock      Inc.
                                           2,950,064         1,158,844
        Intercontinental          Exchange     Inc.
                                          15,214,805         1,146,131
        S&P  Global    Inc.
                                           6,703,499         1,139,193
        Bank   of  New  York   Mellon    Corp.
                                          23,771,507         1,118,925
        Marsh   & McLennan     Cos.   Inc.
                                          13,460,764         1,073,496
        Prologis     Inc.
                                          16,825,574          987,998
        Capital     One  Financial      Corp.
                                          12,655,544          956,633
        Progressive       Corp.
                                          15,585,809          940,292
        Aon  plc
                                           6,437,938          935,819
        American     International        Group   Inc.
                                          23,638,813          931,606
        Aflac   Inc.
                                          20,342,560          926,807
        Prudential      Financial      Inc.
                                          11,040,115          900,321
        BB&T   Corp.
                                          20,643,623          894,282
        Travelers      Cos.   Inc.
                                           7,076,477          847,408
        MetLife     Inc.
                                          19,780,238          812,177
        Public    Storage
                                           3,959,722          801,487
        Allstate     Corp.
                                           9,204,293          760,551
        Equinix     Inc.
                                           2,147,782          757,222
        Welltower      Inc.
                                          10,035,012          696,530
        Equity    Residential
                                           9,838,544          649,442
        AvalonBay      Communities       Inc.
                                           3,691,741          642,548
        Moody's     Corp.
                                           4,352,054          609,462
        State   Street    Corp.
                                           9,634,615          607,655
        SunTrust     Banks   Inc.
                                          12,042,206          607,409
        Digital     Realty    Trust   Inc.
                                           5,511,180          587,216
        T.  Rowe   Price   Group   Inc.
                                           6,113,127          564,364
        Ventas    Inc.
                                           9,521,907          557,889
        Discover     Financial      Services
                                           8,981,964          529,756
        Realty    Income    Corp.
                                           7,873,536          496,348
     *
        SBA  Communications         Corp.   Class   A
                                           3,026,443          489,951
        M&T  Bank   Corp.
                                           3,394,585          485,867
        Northern     Trust   Corp.
                                           5,623,070          470,032
        Boston    Properties      Inc.
                                           4,128,446          464,657
     *
        IHS  Markit    Ltd.
                                           9,472,664          454,404
        Weyerhaeuser       Co.
                                          20,028,509          437,823
        Essex   Property     Trust   Inc.
                                           1,764,407          432,650
        Hartford     Financial      Services     Group   Inc.
                                           9,594,955          426,496
                                196/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Fifth   Third   Bancorp
                                          17,622,562          414,659
        KeyCorp
                                          27,736,874          409,951
        Synchrony      Financial
                                          17,296,864          405,784
        Ameriprise      Financial      Inc.
                                           3,722,859          388,555
     *
        First   Republic     Bank
                                           4,419,133          384,023
        Citizens     Financial      Group   Inc.
                                          12,566,128          373,591
        Regions     Financial      Corp.
                                          27,719,617          370,888
        TD  Ameritrade      Holding     Corp.
                                           7,527,371          368,540
     *
        Markel    Corp.
                                            352,708         366,129
        Arthur    J Gallagher      & Co.
                                           4,909,929          361,862
        HCP  Inc.
                                          12,555,001          350,661
     *
        CBRE   Group   Inc.   Class   A
                                           8,634,713          345,734
        Annaly    Capital     Management      Inc.
                                          34,966,461          343,371
        Huntington      Bancshares      Inc.
                                          28,533,672          340,121
        Principal      Financial      Group   Inc.
                                           7,560,379          333,942
                                197/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Alexandria      Real   Estate    Equities     Inc.
                                           2,874,902          331,304
        Host   Hotels    & Resorts     Inc.
                                          19,795,220          329,986
        MSCI   Inc.   Class   A
                                           2,231,938          329,055
        Cincinnati      Financial      Corp.
                                           4,138,669          320,416
     *
        Berkshire      Hathaway     Inc.   Class   A
                                             1,034       316,404
        Loews   Corp.
                                           6,733,676          306,517
        Equifax     Inc.
                                           3,223,623          300,216
        Comerica     Inc.
                                           4,355,109          299,152
        E*TRADE     Financial      Corp.
                                           6,786,071          297,773
        Cboe   Global    Markets     Inc.
                                           2,993,922          292,895
        Lincoln     National     Corp.
                                           5,706,649          292,808
        Mid-America       Apartment      Communities       Inc.
                                           3,039,549          290,885
        UDR  Inc.
                                           7,338,767          290,762
        Extra   Space   Storage     Inc.
                                           3,203,870          289,886
        Vornado     Realty    Trust
                                           4,583,164          284,294
        WP  Carey   Inc.
                                           4,282,862          279,842
     *
        Arch   Capital     Group   Ltd.
                                          10,274,873          274,545
     *
        SVB  Financial      Group
                                           1,422,106          270,086
        KKR  & Co.  Inc.   Class   A
                                          13,394,309          262,930
        Raymond     James   Financial      Inc.
                                           3,435,383          255,627
        Regency     Centers     Corp.
                                           4,294,881          252,024
        Nasdaq    Inc.
                                           3,062,951          249,845
        Ally   Financial      Inc.
                                          10,988,664          249,003
        Duke   Realty    Corp.
                                           9,553,632          247,439
        Iron   Mountain     Inc.
                                           7,623,179          247,067
        AGNC   Investment      Corp.
                                          13,997,697          245,520
        Everest     Re  Group   Ltd.
                                           1,082,637          235,755
        Alleghany      Corp.
                                            376,736         234,827
        Reinsurance       Group   of  America     Inc.   Class   A
                                           1,674,537          234,820
        Federal     Realty    Investment      Trust
                                           1,971,226          232,684
        Franklin     Resources      Inc.
                                           7,519,550          223,030
        Sun  Communities       Inc.
                                           2,185,010          222,237
        Fidelity     National     Financial      Inc.
                                           6,975,126          219,298
        Camden    Property     Trust
                                           2,474,396          217,871
        Zions   Bancorp     NA
                                           5,162,224          210,309
        Equity    LifeStyle      Properties      Inc.
                                           2,155,119          209,327
        National     Retail    Properties      Inc.
                                           4,220,276          204,726
        MarketAxess       Holdings     Inc.
                                            953,862         201,561
        Western     Union   Co.
                                          11,772,763          200,843
        Torchmark      Corp.
                                           2,690,220          200,502
        Omega   Healthcare      Investors      Inc.
                                           5,331,748          187,411
        VEREIT    Inc.
                                          25,647,463          183,379
        Invesco     Ltd.
                                          10,949,349          183,292
        SL  Green   Realty    Corp.
                                           2,315,568          183,115
        WR  Berkley     Corp.
                                           2,451,565          181,195
        Apartment      Investment      & Management      Co.
                                           4,128,767          181,170
        Brown   & Brown   Inc.
                                           6,343,043          174,814
        Gaming    and  Leisure     Properties      Inc.
                                           5,405,229          174,643
        Kilroy    Realty    Corp.
                                           2,749,841          172,910
                                198/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        SEI  Investments       Co.
                                           3,738,465          172,717
        Unum   Group
                                           5,831,434          171,328
        East   West   Bancorp     Inc.
                                           3,924,260          170,823
     *
        Black   Knight    Inc.
                                           3,788,035          170,689
        Voya   Financial      Inc.
                                           4,145,388          166,396
     *
        Athene    Holding     Ltd.   Class   A
                                           4,174,883          166,286
        Liberty     Property     Trust
                                           3,928,282          164,516
        Macerich     Co.
                                           3,756,259          162,571
        American     Financial      Group   Inc.
                                           1,790,027          162,051
        Old  Republic     International        Corp.
                                           7,679,716          157,972
        Lamar   Advertising       Co.  Class   A
                                           2,265,390          156,720
        Kimco   Realty    Corp.
                                          10,659,151          156,157
        Medical     Properties      Trust   Inc.
                                           9,674,348          155,564
        Invitation      Homes   Inc.
                                           7,656,328          153,739
        Jones   Lang   LaSalle     Inc.
                                           1,212,308          153,478
                                199/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Commerce     Bancshares      Inc.
                                           2,705,003          152,481
        American     Campus    Communities       Inc.
                                           3,651,196          151,123
        CyrusOne     Inc.
                                           2,820,968          149,173
        People's     United    Financial      Inc.
                                          10,294,052          148,543
        Douglas     Emmett    Inc.
                                           4,311,756          147,160
        VICI   Properties      Inc.
                                           7,820,577          146,870
        RenaissanceRe        Holdings     Ltd.
                                           1,076,431          143,919
        STORE   Capital     Corp.
                                           5,071,543          143,575
        CubeSmart
                                           4,958,530          142,260
        Signature      Bank
                                           1,363,407          140,172
        Healthcare      Trust   of  America     Inc.   Class   A
                                           5,518,689          139,678
        Park   Hotels    & Resorts     Inc.
                                           5,348,655          138,958
        Cullen/Frost       Bankers     Inc.
                                           1,567,127          137,813
        New  Residential       Investment      Corp.
                                           9,687,978          137,666
        Affiliated      Managers     Group   Inc.
                                           1,406,739          137,073
        Starwood     Property     Trust   Inc.
                                           6,940,996          136,807
        LPL  Financial      Holdings     Inc.
                                           2,197,158          134,202
        American     Homes   ▶ Rent   Class   A
                                           6,677,704          132,552
        Hanover     Insurance      Group   Inc.
                                           1,131,738          132,153
     *
        Credit    Acceptance      Corp.
                                            335,533         128,093
        Lazard    Ltd.   Class   A
                                           3,452,586          127,435
        Popular     Inc.
                                           2,695,858          127,298
        First   American     Financial      Corp.
                                           2,828,918          126,283
        EPR  Properties
                                           1,968,188          126,023
        Assurant     Inc.
                                           1,406,416          125,790
        Webster     Financial      Corp.
                                           2,497,931          123,123
        Hudson    Pacific     Properties      Inc.
                                           4,167,705          121,114
        Brixmor     Property     Group   Inc.
                                           7,986,589          117,323
        New  York   Community      Bancorp     Inc.
                                          12,439,089          117,052
        First   Horizon     National     Corp.
                                           8,799,075          115,796
        Life   Storage     Inc.
                                           1,238,394          115,158
        Prosperity      Bancshares      Inc.
                                           1,821,700          113,492
        Primerica      Inc.
                                           1,146,902          112,064
        PacWest     Bancorp
                                           3,293,140          109,596
        CIT  Group   Inc.
                                           2,856,739          109,327
        Axis   Capital     Holdings     Ltd.
                                           2,113,911          109,162
     *
        GCI  Liberty     Inc.   Class   A
                                           2,615,041          107,635
        Highwoods      Properties      Inc.
                                           2,742,684          106,114
     *
        Howard    Hughes    Corp.
                                           1,078,901          105,322
        Interactive       Brokers     Group   Inc.
                                           1,907,551          104,248
        Eaton   Vance   Corp.
                                           2,956,508          104,010
        Assured     Guaranty     Ltd.
                                           2,693,231          103,097
        Wintrust     Financial      Corp.
                                           1,544,673          102,705
     *
        Western     Alliance     Bancorp
                                           2,588,074          102,203
     *
        MGIC   Investment      Corp.
                                           9,694,361          101,403
     ^
        First   Financial      Bankshares      Inc.
                                           1,753,151          101,139
        JBG  SMITH   Properties
                                           2,896,303          100,820
     *
        Green   Dot  Corp.   Class   A
                                           1,261,550          100,318
        Sterling     Bancorp
                                           6,041,480          99,745
                                200/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Hospitality       Properties      Trust
                                           4,157,694          99,286
        Pebblebrook       Hotel   Trust
                                           3,503,683          99,189
     *
        Brighthouse       Financial      Inc.
                                           3,173,589          96,731
        Blackstone      Mortgage     Trust   Inc.   Class   A
                                           3,012,233          95,970
        First   Industrial      Realty    Trust   Inc.
                                           3,316,269          95,708
        Umpqua    Holdings     Corp.
                                           5,989,758          95,237
        Healthcare      Realty    Trust   Inc.
                                           3,335,446          94,860
        Rayonier     Inc.
                                           3,403,494          94,243
        Selective      Insurance      Group   Inc.
                                           1,536,887          93,658
        IBERIABANK      Corp.
                                           1,456,092          93,598
        Radian    Group   Inc.
                                           5,717,991          93,546
        AXA  Equitable      Holdings     Inc.
                                           5,616,247          93,398
        Janus   Henderson      Group   plc
                                           4,496,295          93,163
        Synovus     Financial      Corp.
                                           2,890,102          92,454
        Equity    Commonwealth
                                           3,055,359          91,691
                                201/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Kemper    Corp.
                                           1,379,100          91,545
        Pinnacle     Financial      Partners     Inc.
                                           1,964,539          90,565
        Associated      Banc-Corp
                                           4,528,389          89,617
        FNB  Corp.
                                           8,963,502          88,201
        Cousins     Properties      Inc.
                                          11,090,943           87,618
        Erie   Indemnity      Co.  Class   A
                                            643,555         85,792
     *
        Essent    Group   Ltd.
                                           2,496,961          85,346
        CoreSite     Realty    Corp.
                                            975,731         85,113
        Glacier     Bancorp     Inc.
                                           2,147,769          85,095
        Two  Harbors     Investment      Corp.
                                           6,568,457          84,339
        EastGroup      Properties      Inc.
                                            916,200         84,043
        MB  Financial      Inc.
                                           2,115,187          83,825
     *,^
        Zillow    Group   Inc.
                                           2,653,133          83,786
        BankUnited      Inc.
                                           2,791,482          83,577
        Chimera     Investment      Corp.
                                           4,680,216          83,401
        United    Bankshares      Inc.
                                           2,654,042          82,567
        Apple   Hospitality       REIT   Inc.
                                           5,766,668          82,233
        Ryman   Hospitality       Properties      Inc.
                                           1,228,598          81,935
        National     Health    Investors      Inc.
                                           1,066,541          80,567
        Weingarten      Realty    Investors
                                           3,234,714          80,253
        Spirit    Realty    Capital     Inc.
                                           2,273,985          80,158
        FirstCash      Inc.
                                           1,107,896          80,156
        TCF  Financial      Corp.
                                           4,090,535          79,725
        Community      Bank   System    Inc.
                                           1,359,878          79,281
        MFA  Financial      Inc.
                                          11,863,564           79,249
        Hancock     Whitney     Corp.
                                           2,282,968          79,105
        Sunstone     Hotel   Investors      Inc.
                                           6,064,451          78,899
        Sabra   Health    Care   REIT   Inc.
                                           4,726,543          77,893
        Physicians      Realty    Trust
                                           4,835,677          77,516
        Bank   of  Hawaii    Corp.
                                           1,140,504          76,779
        RLJ  Lodging     Trust
                                           4,658,890          76,406
        Valley    National     Bancorp
                                           8,569,268          76,095
        Bank   OZK
                                           3,287,283          75,049
        RLI  Corp.
                                           1,087,121          75,000
        Fulton    Financial      Corp.
                                           4,829,812          74,765
        UMB  Financial      Corp.
                                           1,215,226          74,092
        Senior    Housing     Properties      Trust
                                           6,304,534          73,889
        Stifel    Financial      Corp.
                                           1,777,851          73,639
        Rexford     Industrial      Realty    Inc.
                                           2,461,319          72,535
        STAG   Industrial      Inc.
                                           2,878,977          71,629
        Cathay    General     Bancorp
                                           2,116,004          70,950
        Paramount      Group   Inc.
                                           5,611,958          70,486
        Columbia     Banking     System    Inc.
                                           1,940,264          70,412
        Uniti   Group   Inc.
                                           4,516,529          70,322
        Taubman     Centers     Inc.
                                           1,541,219          70,110
        Chemical     Financial      Corp.
                                           1,910,059          69,927
     *
        Texas   Capital     Bancshares      Inc.
                                           1,354,364          69,194
        Home   BancShares      Inc.
                                           4,220,120          68,957
        Investors      Bancorp     Inc.
                                           6,569,047          68,318
                                202/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        BancorpSouth       Bank
                                           2,594,962          67,832
     *
        Zillow    Group   Inc.   Class   A
                                           2,149,800          67,568
        Outfront     Media   Inc.
                                           3,720,999          67,425
        First   Hawaiian     Inc.
                                           2,973,726          66,939
        Aspen   Insurance      Holdings     Ltd.
                                           1,583,410          66,487
        PS  Business     Parks   Inc.
                                            506,727         66,381
        CNO  Financial      Group   Inc.
                                           4,398,178          65,445
        Evercore     Inc.   Class   A
                                            913,987         65,405
        Empire    State   Realty    Trust   Inc.
                                           4,590,678          65,325
        White   Mountains      Insurance      Group   Ltd.
                                             75,921         65,117
        Americold      Realty    Trust
                                           2,541,984          64,922
        Federated      Investors      Inc.   Class   B
                                           2,402,666          63,791
        American     Equity    Investment      Life   Holding     Co.
                                           2,276,532          63,606
        Old  National     Bancorp
                                           4,051,838          62,398
     *
        SLM  Corp.
                                           7,490,119          62,243
                                203/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        CVB  Financial      Corp.
                                           3,068,595          62,078
     *
        Genworth     Financial      Inc.   Class   A
                                          13,316,927           62,057
        Retail    Properties      of  America     Inc.
                                           5,718,205          62,043
        Corporate      Office    Properties      Trust
                                           2,896,215          60,907
        GEO  Group   Inc.
                                           3,088,094          60,835
        Brandywine      Realty    Trust
                                           4,707,895          60,591
        BOK  Financial      Corp.
                                            826,095         60,578
        Piedmont     Office    Realty    Trust   Inc.   Class   A
                                           3,548,577          60,468
        Navient     Corp.
                                           6,846,902          60,321
        Washington      Federal     Inc.
                                           2,252,960          60,177
        Kennedy-Wilson         Holdings     Inc.
                                           3,298,677          59,937
        First   Citizens     BancShares      Inc.   Class   A
                                            158,917         59,920
        Columbia     Property     Trust   Inc.
                                           3,079,602          59,590
        South   State   Corp.
                                            986,294         59,128
        Apollo    Commercial      Real   Estate    Finance     Inc.
                                           3,523,469          58,701
        First   Financial      Bancorp
                                           2,456,549          58,269
        Legg   Mason   Inc.
                                           2,277,568          58,101
        Colony    Capital     Inc.
                                          12,368,946           57,887
        Brookfield      Property     REIT   Inc.   Class   A
                                           3,503,648          56,409
        Argo   Group   International        Holdings     Ltd.
                                            838,709         56,403
        ProAssurance       Corp.
                                           1,388,892          56,333
        CoreCivic      Inc.
                                           3,155,625          56,265
        Terreno     Realty    Corp.
                                           1,571,005          55,252
        First   Midwest     Bancorp     Inc.
                                           2,767,871          54,832
        PotlatchDeltic         Corp.
                                           1,711,986          54,167
        Simmons     First   National     Corp.   Class   A
                                           2,244,504          54,160
        Acadia    Realty    Trust
                                           2,168,556          51,525
        CenterState       Bank   Corp.
                                           2,435,121          51,235
        International        Bancshares      Corp.
                                           1,486,462          51,134
        Xenia   Hotels    & Resorts     Inc.
                                           2,966,857          51,030
        Agree   Realty    Corp.
                                            862,302         50,979
        Santander      Consumer     USA  Holdings     Inc.
                                           2,896,954          50,957
        First   BanCorp
                                           5,871,087          50,491
        QTS  Realty    Trust   Inc.   Class   A
                                           1,356,968          50,276
        Tanger    Factory     Outlet    Centers     Inc.
                                           2,476,338          50,072
        DiamondRock       Hospitality       Co.
                                           5,464,242          49,615
        Great   Western     Bancorp     Inc.
                                           1,583,239          49,476
        Independent       Bank   Corp.
                                            701,594         49,329
     *
        OneMain     Holdings     Inc.
                                           2,006,609          48,741
        Trustmark      Corp.
                                           1,711,688          48,663
        WesBanco     Inc.
                                           1,324,828          48,608
        Washington      REIT
                                           2,105,002          48,415
        Urban   Edge   Properties
                                           2,896,238          48,135
        Four   Corners     Property     Trust   Inc.
                                           1,823,570          47,778
        Union   Bankshares      Corp.
                                           1,690,089          47,711
        Retail    Opportunity       Investments       Corp.
                                           2,994,187          47,548
        Navigators      Group   Inc.
                                            679,411         47,212
        Lexington      Realty    Trust
                                           5,666,525          46,522
     ^
        Realogy     Holdings     Corp.
                                           3,156,803          46,342
                                204/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Banner    Corp.
                                            864,965         46,258
     *,^
        LendingTree       Inc.
                                            206,515         45,345
        Mack-Cali      Realty    Corp.
                                           2,270,447          44,478
     *
        Eagle   Bancorp     Inc.
                                            898,518         43,767
        United    Community      Banks   Inc.
                                           2,023,002          43,414
        Virtu   Financial      Inc.   Class   A
                                           1,684,529          43,393
        LTC  Properties      Inc.
                                           1,040,001          43,347
        First   Merchants      Corp.
                                           1,258,999          43,146
        Invesco     Mortgage     Capital     Inc.
                                           2,905,926          42,078
        Moelis    & Co.  Class   A
                                           1,214,021          41,738
     *
        Enstar    Group   Ltd.
                                            247,912         41,543
        SITE   Centers     Corp.
                                           3,751,130          41,525
     *
        FCB  Financial      Holdings     Inc.   Class   A
                                           1,230,864          41,332
        Northwest      Bancshares      Inc.
                                           2,433,551          41,224
        CareTrust      REIT   Inc.
                                           2,218,950          40,962
                                205/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Capitol     Federal     Financial      Inc.
                                           3,180,231          40,612
        Hope   Bancorp     Inc.
                                           3,394,979          40,264
        National     Storage     Affiliates      Trust
                                           1,502,218          39,749
        National     General     Holdings     Corp.
                                           1,638,542          39,669
     *
        Pacific     Premier     Bancorp     Inc.
                                           1,554,159          39,662
        LegacyTexas       Financial      Group   Inc.
                                           1,232,263          39,543
        Chesapeake      Lodging     Trust
                                           1,607,829          39,151
        Towne   Bank
                                           1,625,892          38,940
        American     Assets    Trust   Inc.
                                            963,867         38,719
        Horace    Mann   Educators      Corp.
                                           1,024,132          38,354
        Mercury     General     Corp.
                                            737,736         38,148
        Renasant     Corp.
                                           1,257,880          37,963
        Ladder    Capital     Corp.   Class   A
                                           2,450,821          37,914
        ServisFirst       Bancshares      Inc.
                                           1,174,768          37,440
        Westamerica       Bancorporation
                                            672,288         37,433
        BGC  Partners     Inc.   Class   A
                                           7,156,912          37,001
     *
        Axos   Financial      Inc.
                                           1,467,554          36,953
        NBT  Bancorp     Inc.
                                           1,047,300          36,226
        Ameris    Bancorp
                                           1,132,497          35,866
        Provident      Financial      Services     Inc.
                                           1,486,039          35,858
        Waddell     & Reed   Financial      Inc.   Class   A
                                           1,980,960          35,816
        Heartland      Financial      USA  Inc.
                                            804,597         35,362
        Global    Net  Lease   Inc.
                                           1,999,516          35,231
        Cadence     BanCorp     Class   A
                                           2,091,215          35,091
        Ares   Management      Corp.
                                           1,951,115          34,691
        Colony    Credit    Real   Estate    Inc.
                                           2,147,454          33,908
     ^
        Industrial      Logistics      Properties      Trust
                                           1,714,265          33,720
        Employers      Holdings     Inc.
                                            799,874         33,571
        Walker    & Dunlop    Inc.
                                            774,072         33,479
        Hilltop     Holdings     Inc.
                                           1,877,119          33,469
     *
        PennyMac     Financial      Services     Inc.
                                           1,542,073          32,784
     *
        Alexander      & Baldwin     Inc.
                                           1,775,193          32,628
        First   Commonwealth       Financial      Corp.
                                           2,699,557          32,611
        Redwood     Trust   Inc.
                                           2,144,819          32,322
        Houlihan     Lokey   Inc.   Class   A
                                            869,858         32,011
        S&T  Bancorp     Inc.
                                            841,135         31,829
        First   Interstate      BancSystem      Inc.   Class   A
                                            866,707         31,687
        HFF  Inc.   Class   A
                                            946,781         31,395
        WSFS   Financial      Corp.
                                            827,969         31,388
     *
        Seacoast     Banking     Corp.   of  Florida
                                           1,204,699          31,346
        Newmark     Group   Inc.   Class   A
                                           3,896,210          31,248
        Clearway     Energy    Inc.
                                           1,793,789          30,943
     *
        NMI  Holdings     Inc.   Class   A
                                           1,729,880          30,878
        Universal      Insurance      Holdings     Inc.
                                            808,354         30,653
        Kite   Realty    Group   Trust
                                           2,162,014          30,463
        Kearny    Financial      Corp.
                                           2,372,114          30,411
        United    Fire   Group   Inc.
                                            538,827         29,878
        Hannon    Armstrong      Sustainable       Infrastructure         Capital     Inc.
                                           1,564,396          29,802
     *
        Cannae    Holdings     Inc.
                                           1,729,439          29,608
                                206/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Artisan     Partners     Asset   Management      Inc.   Class   A
                                           1,327,743          29,356
        Tier   REIT   Inc.
                                           1,422,108          29,338
        Safety    Insurance      Group   Inc.
                                            356,620         29,175
        Park   National     Corp.
                                            337,344         28,657
        PennyMac     Mortgage     Investment      Trust
                                           1,527,296          28,438
        Monmouth     Real   Estate    Investment      Corp.
                                           2,290,363          28,401
        City   Holding     Co.
                                            410,240         27,728
     *
        LendingClub       Corp.
                                          10,506,764           27,633
        American     National     Insurance      Co.
                                            217,119         27,626
     *
        PRA  Group   Inc.
                                           1,129,523          27,526
     ^
        American     Finance     Trust   Inc.
                                           2,064,094          27,494
        AMERISAFE      Inc.
                                            481,971         27,323
        Tompkins     Financial      Corp.
                                            364,055         27,308
     ^
        Seritage     Growth    Properties      Class   A
                                            837,465         27,075
        Kinsale     Capital     Group   Inc.
                                            486,748         27,044
                                207/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Berkshire      Hills   Bancorp     Inc.
                                            995,476         26,848
        First   Busey   Corp.
                                           1,082,806          26,572
        James   River   Group   Holdings     Ltd.
                                            714,694         26,115
        Summit    Hotel   Properties      Inc.
                                           2,674,055          26,019
        Heritage     Financial      Corp.
                                            868,083         25,799
        Getty   Realty    Corp.
                                            873,351         25,685
        Sandy   Spring    Bancorp     Inc.
                                            818,984         25,667
        Easterly     Government      Properties      Inc.
                                           1,629,223          25,546
        Brookline      Bancorp     Inc.
                                           1,837,756          25,398
     *
        Cushman     & Wakefield      plc
                                           1,740,911          25,191
        Investment      Technology      Group   Inc.
                                            825,024         24,949
        Beneficial      Bancorp     Inc.
                                           1,711,563          24,458
        TFS  Financial      Corp.
                                           1,510,619          24,366
        Southside      Bancshares      Inc.
                                            766,872         24,348
        Lakeland     Financial      Corp.
                                            604,133         24,262
        First   Bancorp
                                            741,741         24,225
        Piper   Jaffray     Cos.
                                            365,127         24,040
     *,^
        Redfin    Corp.
                                           1,647,740          23,727
     *
        FGL  Holdings
                                           3,558,951          23,703
        RPT  Realty
                                           1,981,988          23,685
        Washington      Prime   Group   Inc.
                                           4,868,688          23,662
        Stewart     Information       Services     Corp.
                                            566,785         23,465
        New  York   Mortgage     Trust   Inc.
                                           3,964,674          23,352
        TPG  RE  Finance     Trust   Inc.
                                           1,262,700          23,082
        Boston    Private     Financial      Holdings     Inc.
                                           2,163,262          22,866
        TriCo   Bancshares
                                            673,886         22,771
        OceanFirst      Financial      Corp.
                                            988,702         22,256
        WisdomTree      Investments       Inc.
                                           3,345,205          22,246
        Independent       Bank   Group   Inc.
                                            485,735         22,232
     *
        Mr  Cooper    Group   Inc.
                                           1,899,690          22,169
        National     Bank   Holdings     Corp.   Class   A
                                            714,991         22,072
        BancFirst      Corp.
                                            438,680         21,890
        Independence       Realty    Trust   Inc.
                                           2,363,367          21,696
        Chatham     Lodging     Trust
                                           1,217,811          21,531
        State   Bank   Financial      Corp.
                                            997,262         21,531
        OFG  Bancorp
                                           1,306,532          21,506
        InfraREIT      Inc.
                                           1,022,899          21,501
     *
        Third   Point   Reinsurance       Ltd.
                                           2,220,374          21,404
        ARMOUR    Residential       REIT   Inc.
                                           1,032,618          21,169
        Enterprise      Financial      Services     Corp.
                                            544,461         20,488
     *
        Ambac   Financial      Group   Inc.
                                           1,184,413          20,419
     *
        Flagstar     Bancorp     Inc.
                                            770,112         20,331
     *,^
        MBIA   Inc.
                                           2,272,557          20,271
        Universal      Health    Realty    Income    Trust
                                            324,715         19,928
        Granite     Point   Mortgage     Trust   Inc.
                                           1,079,663          19,466
        PJT  Partners     Inc.
                                            487,972         18,914
        Armada    Hoffler     Properties      Inc.
                                           1,339,711          18,836
        Arbor   Realty    Trust   Inc.
                                           1,866,357          18,794
     *
        World   Acceptance      Corp.
                                            182,351         18,647
                                208/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Marcus    & Millichap      Inc.
                                            540,305         18,549
        United    Financial      Bancorp     Inc.
                                           1,256,563          18,471
     *
        eHealth     Inc.
                                            480,153         18,447
     *,^
        Encore    Capital     Group   Inc.
                                            770,303         18,102
        Cohen   & Steers    Inc.
                                            526,316         18,063
        Nelnet    Inc.   Class   A
                                            337,635         17,672
        Central     Pacific     Financial      Corp.
                                            724,000         17,629
        NexPoint     Residential       Trust   Inc.
                                            502,471         17,612
        Meta   Financial      Group   Inc.
                                            901,297         17,476
     *
        Triumph     Bancorp     Inc.
                                            586,990         17,434
        Meridian     Bancorp     Inc.
                                           1,211,930          17,355
        Select    Income    REIT
                                           2,357,859          17,354
        Hersha    Hospitality       Trust   Class   A
                                            979,960         17,189
        Alexander's       Inc.
                                             55,943         17,048
        Lakeland     Bancorp     Inc.
                                           1,148,531          17,010
                                209/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Clearway     Energy    Inc.   Class   A
                                            997,692         16,881
        Stock   Yards   Bancorp     Inc.
                                            511,307         16,771
        Washington      Trust   Bancorp     Inc.
                                            352,140         16,737
        National     Western     Life   Group   Inc.   Class   A
                                             55,028         16,547
        Bryn   Mawr   Bank   Corp.
                                            478,581         16,463
        FBL  Financial      Group   Inc.   Class   A
                                            249,643         16,389
        Carolina     Financial      Corp.
                                            545,284         16,135
     *
        Columbia     Financial      Inc.
                                           1,054,952          16,130
        Amalgamated       Bank   Class   A
                                            826,909         16,125
        Hamilton     Lane   Inc.   Class   A
                                            430,049         15,912
        Capstead     Mortgage     Corp.
                                           2,385,028          15,908
        TrustCo     Bank   Corp.   NY
                                           2,303,079          15,799
        Investors      Real   Estate    Trust
                                            319,112         15,659
     *
        National     Commerce     Corp.
                                            431,113         15,520
        Saul   Centers     Inc.
                                            325,533         15,372
        Urstadt     Biddle    Properties      Inc.   Class   A
                                            796,328         15,305
        Banc   of  California      Inc.
                                           1,144,952          15,239
     *
        Enova   International        Inc.
                                            782,084         15,219
        Hanmi   Financial      Corp.
                                            766,901         15,108
        Preferred      Apartment      Communities       Inc.   Class   A
                                           1,054,708          14,829
        Univest     Corp.   of  Pennsylvania
                                            686,652         14,811
        Community      Trust   Bancorp     Inc.
                                            373,578         14,797
     *
        Allegiance      Bancshares      Inc.
                                            456,248         14,769
        iStar   Inc.
                                           1,609,964          14,763
        State   Auto   Financial      Corp.
                                            430,615         14,658
        Gladstone      Commercial      Corp.
                                            809,849         14,513
        Oritani     Financial      Corp.
                                            982,982         14,499
        Community      Healthcare      Trust   Inc.
                                            500,584         14,432
        Fidelity     Southern     Corp.
                                            552,164         14,367
        Flushing     Financial      Corp.
                                            658,776         14,183
        Virtus    Investment      Partners     Inc.
                                            177,557         14,103
        Dynex   Capital     Inc.
                                           2,462,819          14,087
        ConnectOne      Bancorp     Inc.
                                            762,036         14,075
        Northfield      Bancorp     Inc.
                                           1,036,121          14,039
        Horizon     Bancorp     Inc.
                                            888,504         14,021
        German    American     Bancorp     Inc.
                                            492,994         13,690
        KKR  Real   Estate    Finance     Trust   Inc.
                                            712,122         13,637
        Cherry    Hill   Mortgage     Investment      Corp.
                                            776,802         13,625
        RE/MAX    Holdings     Inc.   Class   A
                                            442,364         13,603
     *
        Customers      Bancorp     Inc.
                                            744,019         13,541
        FB  Financial      Corp.
                                            385,596         13,504
     *
        INTL.   FCStone     Inc.
                                            368,484         13,479
     *
        HomeStreet      Inc.
                                            634,778         13,476
     *
        Focus   Financial      Partners     Inc.   Class   A
                                            507,971         13,375
        Camden    National     Corp.
                                            368,066         13,239
     *
        St.  Joe  Co.
                                            972,227         12,804
        Bank   of  Marin   Bancorp
                                            308,750         12,733
        Blue   Hills   Bancorp     Inc.
                                            590,770         12,607
        Great   Southern     Bancorp     Inc.
                                            273,528         12,591
                                210/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Dime   Community      Bancshares      Inc.
                                            739,946         12,564
        Whitestone      REIT
                                           1,020,362          12,510
        Peoples     Bancorp     Inc.
                                            412,804         12,425
     *
        TriState     Capital     Holdings     Inc.
                                            637,142         12,399
     *
        Veritex     Holdings     Inc.
                                            575,911         12,313
        Essential      Properties      Realty    Trust   Inc.
                                            881,248         12,196
        Jernigan     Capital     Inc.
                                            611,049         12,111
        People's     Utah   Bancorp
                                            400,875         12,086
        Diamond     Hill   Investment      Group   Inc.
                                             80,537         12,036
     ^
        CBTX   Inc.
                                            408,356         12,006
     *
        Willscot     Corp.   Class   A
                                           1,270,417          11,967
        Guaranty     Bancorp
                                            573,556         11,901
     *
        Equity    Bancshares      Inc.   Class   A
                                            336,170         11,850
        First   Community      Bankshares      Inc.
                                            368,033         11,586
        Exantas     Capital     Corp.
                                           1,141,934          11,442
                                211/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     ^
        Innovative      Industrial      Properties      Inc.
                                            251,136         11,399
        Federal     Agricultural       Mortgage     Corp.
                                            188,345         11,384
     *
        First   Foundation      Inc.
                                            876,479         11,272
        Western     New  England     Bancorp     Inc.
                                           1,112,193          11,166
        Bridge    Bancorp     Inc.
                                            436,514         11,127
        RMR  Group   Inc.   Class   A
                                            207,064         10,991
        AG  Mortgage     Investment      Trust   Inc.
                                            687,937         10,959
        Green   Bancorp     Inc.
                                            638,053         10,936
        First   Defiance     Financial      Corp.
                                            442,359         10,842
        Opus   Bank
                                            553,005         10,833
        Independent       Bank   Corp.
                                            512,551         10,774
        First   of  Long   Island    Corp.
                                            538,407         10,741
        Heritage     Commerce     Corp.
                                            942,902         10,693
        Mercantile      Bank   Corp.
                                            378,059         10,684
        HomeTrust      Bancshares      Inc.
                                            406,983         10,655
        HCI  Group   Inc.
                                            208,584         10,598
        CorEnergy      Infrastructure         Trust   Inc.
                                            320,047         10,587
        City   Office    REIT   Inc.
                                           1,031,536          10,573
        First   Financial      Corp.
                                            261,780         10,510
        QCR  Holdings     Inc.
                                            327,012         10,494
        UMH  Properties      Inc.
                                            886,061         10,491
        Waterstone      Financial      Inc.
                                            624,171         10,461
        Retail    Value   Inc.
                                            405,762         10,383
        Ashford     Hospitality       Trust   Inc.
                                           2,534,507          10,138
        Arrow   Financial      Corp.
                                            316,211         10,125
        Preferred      Bank
                                            231,072         10,017
     *
        Bancorp     Inc.
                                           1,252,482           9,970
        United    Community      Financial      Corp.
                                           1,125,899           9,964
     *
        BSB  Bancorp     Inc.
                                            351,369          9,859
        Anworth     Mortgage     Asset   Corp.
                                           2,436,383           9,843
     ^
        Orchid    Island    Capital     Inc.
                                           1,539,246           9,836
        Peapack     Gladstone      Financial      Corp.
                                            389,882          9,817
        Midland     States    Bancorp     Inc.
                                            437,049          9,764
        One  Liberty     Properties      Inc.
                                            401,408          9,722
        United    Insurance      Holdings     Corp.
                                            584,456          9,714
     ^
        Cambridge      Bancorp
                                            115,395          9,607
     *
        Southern     First   Bancshares      Inc.
                                            296,967          9,524
        Republic     Bancorp     Inc.   Class   A
                                            245,355          9,500
     *
        Nicolet     Bankshares      Inc.
                                            192,766          9,407
        First   Mid-Illinois       Bancshares      Inc.
                                            294,415          9,398
        PCSB   Financial      Corp.
                                            480,397          9,397
     *
        Atlantic     Capital     Bancshares      Inc.
                                            573,091          9,382
     *
        EZCORP    Inc.   Class   A
                                           1,197,858           9,259
        Ares   Commercial      Real   Estate    Corp.
                                            708,994          9,245
        Live   Oak  Bancshares      Inc.
                                            623,479          9,234
        Old  Second    Bancorp     Inc.
                                            709,190          9,219
        Braemar     Hotels    & Resorts     Inc.
                                           1,015,681           9,070
        CatchMark      Timber    Trust   Inc.   Class   A
                                           1,269,530           9,014
        Financial      Institutions       Inc.
                                            347,800          8,938
                                212/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Territorial       Bancorp     Inc.
                                            341,380          8,869
        Southern     Missouri     Bancorp     Inc.
                                            258,149          8,751
     *
        Cowen   Inc.   Class   A
                                            655,726          8,747
        First   Bancshares      Inc.
                                            286,724          8,673
        BBX  Capital     Corp.   Class   A
                                           1,513,491           8,672
        BankFinancial        Corp.
                                            575,378          8,602
        Old  Line   Bancshares      Inc.
                                            326,703          8,599
        Spirit    MTA  REIT
                                           1,197,115           8,535
        Consolidated-Tomoka           Land   Co.
                                            162,227          8,517
     *,^
        Citizens     Inc.   Class   A
                                           1,116,397           8,395
     *
        On  Deck   Capital     Inc.
                                           1,413,073           8,337
        Farmers     & Merchants      Bancorp     Inc.
                                            216,124          8,319
        Heritage     Insurance      Holdings     Inc.
                                            553,840          8,153
     ^
        CBL  & Associates      Properties      Inc.
                                           4,212,984           8,089
     *
        Franklin     Financial      Network     Inc.
                                            306,056          8,071
                                213/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Byline    Bancorp     Inc.
                                            483,477          8,055
     *
        Baycom    Corp.
                                            348,485          8,047
        Global    Indemnity      Ltd.
                                            220,630          7,993
        Merchants      Bancorp
                                            399,396          7,972
        CNB  Financial      Corp.
                                            346,111          7,943
     *
        FRP  Holdings     Inc.
                                            171,184          7,876
        Bar  Harbor    Bankshares
                                            346,732          7,777
        Farmers     National     Banc   Corp.
                                            597,818          7,616
        Oppenheimer       Holdings     Inc.   Class   A
                                            297,174          7,593
        EMC  Insurance      Group   Inc.
                                            233,713          7,444
        FedNat    Holding     Co.
                                            373,411          7,438
        Civista     Bancshares      Inc.
                                            418,560          7,291
     *
        Republic     First   Bancorp     Inc.
                                           1,211,736           7,234
        Bluerock     Residential       Growth    REIT   Inc.   Class   A
                                            799,024          7,207
        Northrim     BanCorp     Inc.
                                            218,280          7,175
        1st  Source    Corp.
                                            175,467          7,078
        Access    National     Corp.
                                            331,100          7,062
     *,^
        Health    Insurance      Innovations       Inc.   Class   A
                                            264,035          7,058
        Sierra    Bancorp
                                            293,688          7,057
        Peoples     Financial      Services     Corp.
                                            159,880          7,044
        Citizens     & Northern     Corp.
                                            264,000          6,978
        MedEquities       Realty    Trust   Inc.
                                           1,019,784           6,975
     *,^
        Goosehead      Insurance      Inc.   Class   A
                                            262,558          6,903
        Arlington      Asset   Investment      Corp.   Class   A
                                            952,620          6,897
        Shore   Bancshares      Inc.
                                            465,697          6,771
        Gladstone      Land   Corp.
                                            588,497          6,756
        Bankwell     Financial      Group   Inc.
                                            234,973          6,746
        MidWestOne      Financial      Group   Inc.
                                            270,149          6,708
        Hingham     Institution       for  Savings
                                             33,805         6,685
        Westwood     Holdings     Group   Inc.
                                            194,695          6,620
        First   Internet     Bancorp
                                            320,945          6,560
        SB  One  Bancorp
                                            319,900          6,539
     *
        Select    Bancorp     Inc.
                                            522,733          6,471
        Enterprise      Bancorp     Inc.
                                            200,848          6,459
        Business     First   Bancshares      Inc.
                                            264,332          6,405
     *
        SmartFinancial         Inc.
                                            349,521          6,386
     *
        Regional     Management      Corp.
                                            264,565          6,363
        Home   Bancorp     Inc.
                                            179,670          6,360
        ACNB   Corp.
                                            161,936          6,356
        Ready   Capital     Corp.
                                            454,902          6,291
        First   Bancorp     Inc.
                                            238,426          6,271
        Global    Medical     REIT   Inc.
                                            705,290          6,270
        Marlin    Business     Services     Corp.
                                            280,788          6,270
        West   Bancorporation         Inc.
                                            328,083          6,263
        Investar     Holding     Corp.
                                            251,947          6,248
        Guaranty     Bancshares      Inc.
                                            208,525          6,218
        Great   Ajax   Corp.
                                            514,449          6,199
        Reliant     Bancorp     Inc.
                                            268,083          6,177
        Origin    Bancorp     Inc.
                                            179,690          6,124
                                214/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Howard    Bancorp     Inc.
                                            427,766          6,117
        American     National     Bankshares      Inc.
                                            208,585          6,114
        Capital     City   Bank   Group   Inc.
                                            261,754          6,075
        Safety    Income    & Growth    Inc.
                                            317,882          5,979
        First   Choice    Bancorp
                                            264,120          5,969
        Protective      Insurance      Corp.   Class   B
                                            345,870          5,759
        National     Bankshares      Inc.
                                            157,368          5,733
        Southern     National     Bancorp     of  Virginia     Inc.
                                            433,287          5,728
        Ladenburg      Thalmann     Financial      Services     Inc.
                                           2,456,137           5,723
        SI  Financial      Group   Inc.
                                            448,844          5,714
     *
        HarborOne      Bancorp     Inc.
                                            357,784          5,685
     *
        Safeguard      Scientifics       Inc.
                                            655,108          5,647
     *,^
        Spirit    of  Texas   Bancshares      Inc.
                                            245,117          5,584
        First   Bank
                                            459,654          5,571
        Clipper     Realty    Inc.
                                            425,846          5,566
                                215/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Bridgewater       Bancshares      Inc.
                                            524,934          5,538
        Macatawa     Bank   Corp.
                                            573,928          5,521
        Investors      Title   Co.
                                             31,018         5,480
        Kingstone      Cos.   Inc.
                                            309,465          5,474
        FS  Bancorp     Inc.
                                            125,760          5,393
        Central     Valley    Community      Bancorp
                                            284,721          5,373
     *,^
        National     Energy    Services     Reunited     Corp.
                                            612,134          5,301
        Bank   of  Commerce     Holdings
                                            459,361          5,035
        MidSouth     Bancorp     Inc.
                                            472,475          5,008
        First   Business     Financial      Services     Inc.
                                            256,678          5,008
        Ellington      Residential       Mortgage     REIT
                                            489,405          5,007
        Bank   of  Princeton
                                            177,186          4,943
        Owens   Realty    Mortgage     Inc.
                                            260,122          4,888
        Tiptree     Inc.
                                            870,801          4,868
        Codorus     Valley    Bancorp     Inc.
                                            227,696          4,839
        Century     Bancorp     Inc.   Class   A
                                             70,240         4,757
        Riverview      Bancorp     Inc.
                                            646,850          4,709
        Summit    Financial      Group   Inc.
                                            242,956          4,691
        Penns   Woods   Bancorp     Inc.
                                            113,486          4,567
        RBB  Bancorp
                                            258,037          4,534
        MBT  Financial      Corp.
                                            486,591          4,525
        First   Northwest      Bancorp
                                            305,012          4,523
     *
        Metropolitan       Bank   Holding     Corp.
                                            143,434          4,425
        Independence       Holding     Co.
                                            123,853          4,360
     *,^
        Altisource      Portfolio      Solutions      SA
                                            193,772          4,358
        Unity   Bancorp     Inc.
                                            207,745          4,313
        MutualFirst       Financial      Inc.
                                            161,725          4,297
        LCNB   Corp.
                                            282,576          4,281
     *
        Ocwen   Financial      Corp.
                                           3,166,342           4,243
     *
        NI  Holdings     Inc.
                                            268,788          4,228
        C&F  Financial      Corp.
                                             79,292         4,219
     *
        Hallmark     Financial      Services     Inc.
                                            391,289          4,183
     *
        Elevate     Credit    Inc.
                                            930,380          4,168
        Timberland      Bancorp     Inc.
                                            184,382          4,112
        ESSA   Bancorp     Inc.
                                            262,351          4,095
     *
        Entegra     Financial      Corp.
                                            194,247          4,031
     ^
        GAIN   Capital     Holdings     Inc.
                                            651,798          4,015
     *
        Community      Bankers     Trust   Corp.
                                            550,711          3,976
        Orrstown     Financial      Services     Inc.
                                            218,245          3,974
        Norwood     Financial      Corp.
                                            118,780          3,920
        MVB  Financial      Corp.
                                            216,592          3,907
        Evans   Bancorp     Inc.
                                            119,309          3,879
     *
        Stratus     Properties      Inc.
                                            160,875          3,858
        Premier     Financial      Bancorp     Inc.
                                            257,163          3,834
        Capstar     Financial      Holdings     Inc.
                                            254,210          3,745
        Parke   Bancorp     Inc.
                                            199,568          3,735
     ^
        CB  Financial      Services     Inc.
                                            149,258          3,699
        Fidelity     D&D  Bancorp     Inc.
                                             57,373         3,682
     *
        Malvern     Bancorp     Inc.
                                            183,699          3,624
                                216/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Chemung     Financial      Corp.
                                             87,097         3,598
        Community      Financial      Corp.
                                            123,044          3,598
     *
        Forestar     Group   Inc.
                                            259,719          3,597
        BCB  Bancorp     Inc.
                                            341,862          3,579
        Pzena   Investment      Management      Inc.   Class   A
                                            408,696          3,535
        Northeast      Bancorp
                                            210,446          3,521
        Donegal     Group   Inc.   Class   A
                                            257,465          3,513
        First   Community      Corp.
                                            178,613          3,470
     *
        PICO   Holdings     Inc.
                                            373,096          3,410
     *
        Pacific     Mercantile      Bancorp
                                            474,007          3,389
        Silvercrest       Asset   Management      Group   Inc.   Class   A
                                            255,027          3,374
        First   Financial      Northwest      Inc.
                                            212,473          3,287
        Prudential      Bancorp     Inc.
                                            185,091          3,258
        Western     Asset   Mortgage     Capital     Corp.
                                            389,847          3,251
        Union   Bankshares      Inc.
                                             66,943         3,197
                                217/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Mackinac     Financial      Corp.
                                            230,769          3,150
     *
        Victory     Capital     Holdings     Inc.   Class   A
                                            297,907          3,045
        Standard     AVB  Financial      Corp.
                                            101,063          3,020
        1st  Constitution       Bancorp
                                            149,612          2,982
        Middlefield       Banc   Corp.
                                             68,882         2,923
        First   Guaranty     Bancshares      Inc.
                                            124,659          2,893
        Ohio   Valley    Banc   Corp.
                                             78,843         2,790
        United    Security     Bancshares
                                            290,105          2,779
     *
        Esquire     Financial      Holdings     Inc.
                                            127,152          2,759
        Peoples     Bancorp     of  North   Carolina     Inc.
                                            108,980          2,666
        BRT  Apartments      Corp.
                                            232,769          2,663
     ^
        Greene    County    Bancorp     Inc.
                                             84,740         2,637
        Griffin     Industrial      Realty    Inc.
                                             82,237         2,623
     *
        Trinity     Place   Holdings     Inc.
                                            588,293          2,553
        Provident      Financial      Holdings     Inc.
                                            161,855          2,509
        GAMCO   Investors      Inc.   Class   A
                                            142,988          2,415
        Federal     Agricultural       Mortgage     Corp.   Class   A
                                             41,769         2,380
     *
        Ashford     Inc.
                                             45,407         2,357
     *
        International        Money   Express     Inc.
                                            194,144          2,322
        First   United    Corp.
                                            145,173          2,311
     *
        Provident      Bancorp     Inc.
                                            106,602          2,311
        Hawthorn     Bancshares      Inc.
                                            109,873          2,311
        SB  Financial      Group   Inc.
                                            137,713          2,265
     *
        MoneyGram      International        Inc.
                                           1,115,485           2,231
        Sotherly     Hotels    Inc.
                                            395,197          2,217
        Two  River   Bancorp
                                            140,881          2,150
        Associated      Capital     Group   Inc.   Class   A
                                             60,841         2,143
     *
        Aspen   Group   Inc.
                                            380,422          2,085
        DNB  Financial      Corp.
                                             75,391         2,036
        Luther    Burbank     Corp.
                                            221,229          1,995
     *
        Rafael    Holdings     Inc.   Class   B
                                            251,529          1,995
     *
        PDL  Community      Bancorp
                                            156,180          1,990
        Old  Point   Financial      Corp.
                                             91,136         1,990
        Plumas    Bancorp
                                             85,785         1,948
     *
        Tejon   Ranch   Co.
                                            117,405          1,947
     *
        Maui   Land   & Pineapple      Co.  Inc.
                                            192,941          1,914
     *
        Randolph     Bancorp     Inc.
                                            134,594          1,905
        Level   One  Bancorp     Inc.
                                             84,245         1,890
        Greenhill      & Co.  Inc.
                                             74,717         1,823
        American     River   Bankshares
                                            131,277          1,812
     *
        OP  Bancorp
                                            198,037          1,757
        MSB  Financial      Corp.
                                             96,420         1,721
     *
        Coastal     Financial      Corp.
                                            111,724          1,702
        AmeriServ      Financial      Inc.
                                            417,649          1,683
     *
        Greenlight      Capital     Re  Ltd.   Class   A
                                            193,563          1,669
        First   Savings     Financial      Group   Inc.
                                             29,281         1,521
     *
        Atlas   Financial      Holdings     Inc.
                                            179,526          1,452
        PB  Bancorp     Inc.
                                            131,822          1,437
        Global    Self   Storage     Inc.
                                            353,584          1,386
                                218/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Plymouth     Industrial      REIT   Inc.
                                            107,097          1,351
     *
        Nicholas     Financial      Inc.
                                            124,786          1,298
        Pacific     City   Financial      Corp.
                                             82,828         1,296
        Hunt   Cos.   Finance     Trust   Inc.
                                            444,984          1,273
     *
        Intersections        Inc.
                                            341,144          1,259
        Severn    Bancorp     Inc.
                                            154,641          1,234
        IF  Bancorp     Inc.
                                             60,847         1,224
        Sterling     Bancorp     Inc.
                                            173,902          1,209
        Hennessy     Advisors     Inc.
                                            116,940          1,171
        Manhattan      Bridge    Capital     Inc.
                                            203,559          1,146
     *
        Consumer     Portfolio      Services     Inc.
                                            380,395          1,145
        County    Bancorp     Inc.
                                             64,508         1,121
     *,^
        Siebert     Financial      Corp.
                                             74,860         1,082
        Sound   Financial      Bancorp     Inc.
                                             32,075         1,044
        Condor    Hospitality       Trust   Inc.
                                            142,071           979
                                219/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Urstadt     Biddle    Properties      Inc.
                                             64,362          972
        Summit    State   Bank
                                             78,215          921
        Elmira    Savings     Bank
                                             51,975          907
     *
        Transcontinental          Realty    Investors      Inc.
                                             30,783          872
     ^
        Manning     & Napier    Inc.
                                            483,786           851
     *
        Security     National     Financial      Corp.   Class   A
                                            161,655           834
        Cedar   Realty    Trust   Inc.
                                            255,503           802
        Bank   of  South   Carolina     Corp.
                                             42,728          778
        United    Bancorp     Inc.
                                             68,932          769
        Eagle   Bancorp     Montana     Inc.
                                             47,123          762
     *
        Bank7   Corp.
                                             56,400          753
     *
        FVCBankcorp       Inc.
                                             41,458          730
     *
        Limestone      Bancorp     Inc.
                                             52,082          717
     *,^
        Tremont     Mortgage     Trust
                                             78,746          713
     *
        Meridian     Corp.
                                             42,029          700
        Sachem    Capital     Corp.
                                            174,987           684
        Pathfinder      Bancorp     Inc.
                                             48,152          681
     ^
        Pennsylvania       REIT
                                            112,447           668
        Bancorp     34  Inc.
                                             44,556          642
     *
        Jason   Industries      Inc.
                                            457,558           627
     §
        Winthrop     Realty    Trust
                                            562,609           613
        Citizens     Community      Bancorp     Inc.
                                             53,090          579
        Ames   National     Corp.
                                             22,078          561
     *
        FFBW   Inc.
                                             55,772          559
        Bank   of  the  James   Financial      Group   Inc.
                                             39,730          516
        Citizens     First   Corp.
                                             23,929          513
        Central     Federal     Corp.
                                             39,191          458
     *
        Community      First   Bancshares      Inc.
                                             38,486          448
     ^
        HV  Bancorp     Inc.
                                             25,024          375
        Ottawa    Bancorp     Inc.
                                             27,075          361
        Blue   Capital     Reinsurance       Holdings     Ltd.
                                             59,170          325
     *
        Altisource      Asset   Management      Corp.
                                             10,419          309
     *
        Broadway     Financial      Corp.
                                            291,623           306
     *
        Eagle   Financial      Bancorp     Inc.
                                             19,339          293
     §
        New  York   REIT   Liquidating       LLC
                                             19,100          267
     *
        National     Holdings     Corp.
                                             94,636          256
     *
        Carolina     Trust   Bancshares      Inc.
                                             33,555          254
     *
        First   Western     Financial      Inc.
                                             20,324          238
        First   US  Bancshares      Inc.
                                             28,987          230
     *
        Capital     Bancorp     Inc.
                                             16,948          193
        WVS  Financial      Corp.
                                             11,313          167
        HopFed    Bancorp     Inc.
                                             12,079          161
     *
        HMN  Financial      Inc.
                                             8,012          157
        Front   Yard   Residential       Corp.
                                             16,487          144
     *
        JW  Mays   Inc.
                                             3,714          144
     *
        Income    Opportunity       Realty    Investors      Inc.
                                             12,550          134
     *
        InterGroup      Corp.
                                             4,086          131
     *
        1347   Property     Insurance      Holdings     Inc.
                                             32,428          130
        Southwest      Georgia     Financial      Corp.
                                             6,366          129
                                220/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        HomeTown     Bankshares      Corp.
                                             10,388          123
     *
        ICC  Holdings     Inc.
                                             8,802          120
     *
        FSB  Bancorp     Inc.
                                             3,139          53
     *
        CBM  Bancorp     Inc.
                                             3,789          47
     *
        National     Holdings     Corp.   Warrants     Exp.   01/18/2022
                                             92,151           46
        Asta   Funding     Inc.
                                             9,729          41
     *,^
        CPI  Card   Group   Inc.
                                             16,009           37
     *
        FlexShopper       Inc.
                                             41,840           32
        Reven   Housing     REIT   Inc.
                                             8,896          29
        Glen   Burnie    Bancorp
                                              857          9
     *
        Novume    Solutions      Inc.
                                             5,300           3
        GWG  Holdings     Inc.
                                              300          3
     *
        Unico   American     Corp.
                                                2         -
     *,^
        Ditech    Holding     Corp.   Warrants     01/31/2028
                                             43,103           -
     *,^,§
        Ditech    Holding     Corp.   Series    B Warrants     01/31/2028
                                                        -
                                             34,201
                                                  129,920,412
                                221/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     ヘルスケア      (13.8   ％ )
        Johnson     & Johnson
                                          71,605,522         9,240,693
        Pfizer    Inc.
                                          154,420,822          6,740,469
        UnitedHealth       Group   Inc.
                                          25,701,378         6,402,727
        Merck   & Co.  Inc.
                                          69,465,748         5,307,878
        AbbVie    Inc.
                                          40,166,516         3,702,951
        Abbott    Laboratories
                                          46,919,307         3,393,673
        Amgen   Inc.
                                          17,024,650         3,314,189
        Medtronic      plc
                                          35,956,531         3,270,606
        Eli  Lilly   & Co.
                                          25,470,396         2,947,434
        Thermo    Fisher    Scientific      Inc.
                                          10,751,926         2,406,174
        Bristol-Myers        Squibb    Co.
                                          43,606,623         2,266,672
        Gilead    Sciences     Inc.
                                          34,562,485         2,161,883
     *
        Cigna   Corp.
                                          10,172,353         1,931,933
        Anthem    Inc.
                                           6,908,853         1,814,472
     *
        Biogen    Inc.
                                           5,383,717         1,620,068
        Becton    Dickinson      and  Co.
                                           7,164,357         1,614,273
     *
        Intuitive      Surgical     Inc.
                                           3,051,625         1,461,484
     *
        Boston    Scientific      Corp.
                                          36,970,544         1,306,539
        Stryker     Corp.
                                           7,997,316         1,253,579
        Allergan     plc
                                           9,010,592         1,204,356
     *
        Celgene     Corp.
                                          18,686,460         1,197,615
     *
        Illumina     Inc.
                                           3,978,369         1,193,232
     *
        Vertex    Pharmaceuticals         Inc.
                                           6,830,221         1,131,836
        Zoetis    Inc.
                                          12,837,361         1,098,108
        Humana    Inc.
                                           3,664,849         1,049,906
        HCA  Healthcare      Inc.
                                           7,354,905          915,318
        Baxter    International        Inc.
                                          13,501,401          888,662
     *
        Edwards     Lifesciences       Corp.
                                           5,585,591          855,545
     *
        Regeneron      Pharmaceuticals         Inc.
                                           2,131,171          795,992
     *
        Centene     Corp.
                                           5,212,611          601,014
        Zimmer    Biomet    Holdings     Inc.
                                           5,447,613          565,026
     *
        Alexion     Pharmaceuticals         Inc.
                                           5,666,022          551,644
     *
        IQVIA   Holdings     Inc.
                                           4,546,838          528,206
        ResMed    Inc.
                                           3,800,873          432,805
     *
        IDEXX   Laboratories       Inc.
                                           2,304,463          428,676
     *
        Align   Technology      Inc.
                                           2,028,317          424,790
     *
        BioMarin     Pharmaceutical         Inc.
                                           4,762,145          405,497
     *
        ABIOMED     Inc.
                                           1,142,019          371,202
     *
        Mylan   NV
                                          13,073,647          358,218
        Cardinal     Health    Inc.
                                           7,956,181          354,846
     *
        Laboratory      Corp.   of  America     Holdings
                                           2,696,555          340,737
        Cooper    Cos.   Inc.
                                           1,310,589          333,545
     *
        Henry   Schein    Inc.
                                           4,066,395          319,293
        Teleflex     Inc.
                                           1,228,601          317,569
     *
        Hologic     Inc.
                                           7,712,857          316,998
     *
        WellCare     Health    Plans   Inc.
                                           1,333,573          314,843
     *
        Incyte    Corp.
                                           4,831,281          307,221
        Quest   Diagnostics       Inc.
                                           3,636,150          302,782
                                222/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        DexCom    Inc.
                                           2,370,916          284,036
     *
        Varian    Medical     Systems     Inc.
                                           2,425,028          274,780
        Universal      Health    Services     Inc.   Class   B
                                           2,268,892          264,462
        STERIS    plc
                                           2,250,941          240,513
        Dentsply     Sirona    Inc.
                                           5,925,357          220,483
     *
        Exact   Sciences     Corp.
                                           3,280,796          207,018
     *
        Sarepta     Therapeutics       Inc.
                                           1,787,400          195,059
        West   Pharmaceutical         Services     Inc.
                                           1,973,102          193,423
     *
        Jazz   Pharmaceuticals         plc
                                           1,525,406          189,089
     *
        Molina    Healthcare      Inc.
                                           1,582,038          183,864
     *
        Ionis   Pharmaceuticals         Inc.
                                           3,295,568          178,158
     *
        Alnylam     Pharmaceuticals         Inc.
                                           2,421,355          176,541
     *
        Neurocrine      Biosciences       Inc.
                                           2,417,791          172,654
                                223/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        DaVita    Inc.
                                           3,316,773          170,681
        Hill-Rom     Holdings     Inc.
                                           1,790,045          158,508
     *
        Seattle     Genetics     Inc.
                                           2,774,935          157,228
     *
        Exelixis     Inc.
                                           7,983,594          157,037
        Encompass      Health    Corp.
                                           2,500,834          154,301
     *
        Nektar    Therapeutics       Class   A
                                           4,615,075          151,698
        Bio-Techne      Corp.
                                           1,003,939          145,290
     *
        Charles     River   Laboratories       International        Inc.
                                           1,282,751          145,182
     *
        Bluebird     Bio  Inc.
                                           1,460,355          144,867
     *
        PRA  Health    Sciences     Inc.
                                           1,558,010          143,275
     *
        Haemonetics       Corp.
                                           1,376,653          137,734
     *
        Masimo    Corp.
                                           1,269,076          136,261
     *
        Bio-Rad     Laboratories       Inc.   Class   A
                                            563,021         130,745
        Perrigo     Co.  plc
                                           3,261,057          126,366
     *
        Insulet     Corp.
                                           1,577,098          125,095
     *
        Alkermes     plc
                                           4,145,299          122,328
        Chemed    Corp.
                                            426,039         120,688
     *
        United    Therapeutics       Corp.
                                           1,107,490          120,606
     *
        Catalent     Inc.
                                           3,867,110          120,576
     *
        ICU  Medical     Inc.
                                            519,622         119,321
     *
        Sage   Therapeutics       Inc.
                                           1,187,102          113,712
     *
        Loxo   Oncology     Inc.
                                            733,031         102,676
     *
        Penumbra     Inc.
                                            825,478         100,873
     *
        Amedisys     Inc.
                                            852,491         99,835
     *
        FibroGen     Inc.
                                           2,033,470          94,109
     *
        HealthEquity       Inc.
                                           1,577,603          94,104
     *
        Wright    Medical     Group   NV
                                           3,335,471          90,792
     *,^
        Teladoc     Health    Inc.
                                           1,775,225          87,998
     *
        Globus    Medical     Inc.
                                           2,017,623          87,323
     *
        Horizon     Pharma    plc
                                           4,465,780          87,261
     *
        Syneos    Health    Inc.
                                           2,194,211          86,342
     *
        Integra     LifeSciences       Holdings     Corp.
                                           1,813,280          81,779
     *
        Array   BioPharma      Inc.
                                           5,676,501          80,890
        Bruker    Corp.
                                           2,713,121          80,770
     ^
        Healthcare      Services     Group   Inc.
                                           1,965,716          78,982
     *
        Merit   Medical     Systems     Inc.
                                           1,385,806          77,342
     *,^
        TESARO    Inc.
                                           1,023,522          75,997
     *
        MEDNAX    Inc.
                                           2,274,266          75,051
     *
        LHC  Group   Inc.
                                            790,662         74,227
     *
        Neogen    Corp.
                                           1,298,761          74,029
     *,^
        Ligand    Pharmaceuticals         Inc.
                                            539,705         73,238
        Cantel    Medical     Corp.
                                            946,748         70,485
     *
        Emergent     BioSolutions       Inc.
                                           1,153,015          68,351
     *
        NuVasive     Inc.
                                           1,363,090          67,555
     *
        Novocure     Ltd.
                                           1,980,786          66,317
     *
        HMS  Holdings     Corp.
                                           2,229,576          62,718
     *
        Immunomedics       Inc.
                                           4,300,482          61,368
     *
        Omnicell     Inc.
                                            999,239         61,193
     *
        Agios   Pharmaceuticals         Inc.
                                           1,319,458          60,840
                                224/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Inogen    Inc.
                                            484,765         60,193
     *
        Acadia    Healthcare      Co.  Inc.
                                           2,337,952          60,109
     *
        Blueprint      Medicines      Corp.
                                           1,112,494          59,975
     *
        Intercept      Pharmaceuticals         Inc.
                                            590,185         59,485
     *
        Myriad    Genetics     Inc.
                                           1,993,178          57,942
     *
        Avanos    Medical     Inc.
                                           1,258,848          56,384
     *
        Repligen     Corp.
                                           1,046,206          55,177
     *
        Global    Blood   Therapeutics       Inc.
                                           1,335,655          54,829
     *
        Ultragenyx      Pharmaceutical         Inc.
                                           1,215,699          52,859
     *
        Tandem    Diabetes     Care   Inc.
                                           1,376,852          52,279
     *
        Glaukos     Corp.
                                            911,108         51,177
     *
        Arena   Pharmaceuticals         Inc.
                                           1,312,509          51,122
        Ensign    Group   Inc.
                                           1,312,664          50,918
     *
        Halozyme     Therapeutics       Inc.
                                           3,439,206          50,316
     *
        NxStage     Medical     Inc.
                                           1,752,275          50,150
                                225/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        BioTelemetry       Inc.
                                            838,416         50,070
     *
        Heron   Therapeutics       Inc.
                                           1,877,691          48,707
     *
        ACADIA    Pharmaceuticals         Inc.
                                           3,006,124          48,609
     *
        Amicus    Therapeutics       Inc.
                                           5,054,788          48,425
     *
        Tenet   Healthcare      Corp.
                                           2,731,936          46,825
     *
        Acceleron      Pharma    Inc.
                                           1,045,281          45,522
     *
        Xencor    Inc.
                                           1,253,822          45,338
     *
        Pacira    Pharmaceuticals         Inc.
                                           1,046,125          45,004
        CONMED    Corp.
                                            699,434         44,904
     *
        Aerie   Pharmaceuticals         Inc.
                                           1,213,794          43,818
     *
        Supernus     Pharmaceuticals         Inc.
                                           1,314,378          43,664
     *
        MyoKardia      Inc.
                                            892,480         43,607
     *
        PTC  Therapeutics       Inc.
                                           1,270,262          43,595
     *
        Quidel    Corp.
                                            885,117         43,211
     *
        Select    Medical     Holdings     Corp.
                                           2,799,775          42,977
        Patterson      Cos.   Inc.
                                           2,153,418          42,336
     *
        Prestige     Consumer     Healthcare      Inc.
                                           1,365,134          42,155
     *
        iRhythm     Technologies       Inc.
                                            575,688         39,999
     *
        Endo   International        plc
                                           5,393,029          39,369
     *
        Ironwood     Pharmaceuticals         Inc.   Class   A
                                           3,755,123          38,903
     *,^
        Zogenix     Inc.
                                           1,064,486          38,811
     *
        Amneal    Pharmaceuticals         Inc.
                                           2,851,013          38,574
     *
        Medpace     Holdings     Inc.
                                            704,306         37,279
     *
        STAAR   Surgical     Co.
                                           1,161,134          37,052
     *
        Genomic     Health    Inc.
                                            574,945         37,032
     *,^
        Corcept     Therapeutics       Inc.
                                           2,766,950          36,966
     *
        Magellan     Health    Inc.
                                            646,685         36,790
     *
        REGENXBIO      Inc.
                                            863,173         36,210
     *
        Atara   Biotherapeutics         Inc.
                                           1,032,865          35,882
     *
        Mallinckrodt       plc
                                           2,221,839          35,105
     *
        Vanda   Pharmaceuticals         Inc.
                                           1,319,418          34,476
     *
        Medicines      Co.
                                           1,775,874          33,990
     *
        AnaptysBio      Inc.
                                            532,673         33,979
        US  Physical     Therapy     Inc.
                                            330,515         33,828
     *,^
        Denali    Therapeutics       Inc.
                                           1,637,147          33,823
     *
        Cambrex     Corp.
                                            892,400         33,697
     *
        Spark   Therapeutics       Inc.
                                            854,648         33,451
     *
        Brookdale      Senior    Living    Inc.
                                           4,973,654          33,323
     *,^
        Portola     Pharmaceuticals         Inc.
                                           1,695,900          33,104
     *
        Mirati    Therapeutics       Inc.
                                            775,681         32,904
     *
        Sangamo     Therapeutics       Inc.
                                           2,694,131          30,929
     *
        Innoviva     Inc.
                                           1,771,272          30,909
     *,^
        Theravance      Biopharma      Inc.
                                           1,172,832          30,013
     *
        NeoGenomics       Inc.
                                           2,338,951          29,494
     *
        AtriCure     Inc.
                                            963,248         29,475
     *
        Nevro   Corp.
                                            757,908         29,475
     *,^
        Esperion     Therapeutics       Inc.
                                            639,839         29,433
     *
        Natus   Medical     Inc.
                                            842,426         28,668
     *
        WageWorks      Inc.
                                           1,044,706          28,374
                                226/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Momenta     Pharmaceuticals         Inc.
                                           2,517,257          27,791
     *
        Pacific     Biosciences       of  California      Inc.
                                           3,723,343          27,553
     *
        Enanta    Pharmaceuticals         Inc.
                                            383,667         27,175
     *
        Iovance     Biotherapeutics         Inc.
                                           3,062,190          27,100
        Atrion    Corp.
                                             36,501         27,050
     *
        Insmed    Inc.
                                           2,016,978          26,463
     *
        Tivity    Health    Inc.
                                           1,063,706          26,391
     *
        Reata   Pharmaceuticals         Inc.   Class   A
                                            467,977         26,254
     *,^
        Arrowhead      Pharmaceuticals         Inc.
                                           2,097,105          26,046
     *
        Aimmune     Therapeutics       Inc.
                                           1,087,990          26,025
     *
        Editas    Medicine     Inc.
                                           1,134,307          25,805
        Luminex     Corp.
                                           1,115,973          25,790
     *
        Madrigal     Pharmaceuticals         Inc.
                                            226,838         25,569
     *
        Orthofix     Medical     Inc.
                                            474,284         24,895
     *
        Cardiovascular         Systems     Inc.
                                            868,081         24,732
                                227/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        OPKO   Health    Inc.
                                           8,166,325          24,581
     *
        Retrophin      Inc.
                                           1,082,347          24,494
     *
        CryoLife     Inc.
                                            861,936         24,462
     *,^
        Clovis    Oncology     Inc.
                                           1,340,670          24,078
     *
        Varex   Imaging     Corp.
                                            994,260         23,544
     *
        BioCryst     Pharmaceuticals         Inc.
                                           2,865,749          23,127
     *
        Spectrum     Pharmaceuticals         Inc.
                                           2,508,536          21,950
     *
        CareDx    Inc.
                                            868,091         21,824
     *
        Intersect      ENT  Inc.
                                            760,126         21,420
     *
        Invitae     Corp.
                                           1,853,293          20,497
     *
        Vericel     Corp.
                                           1,136,862          19,781
     *,^
        Radius    Health    Inc.
                                           1,198,216          19,759
        National     HealthCare      Corp.
                                            249,103         19,542
     *
        AngioDynamics        Inc.
                                            968,801         19,502
     *
        Revance     Therapeutics       Inc.
                                            966,975         19,465
     *
        Acorda    Therapeutics       Inc.
                                           1,247,713          19,439
     *
        Audentes     Therapeutics       Inc.
                                            907,372         19,345
     *
        OraSure     Technologies       Inc.
                                           1,605,501          18,752
     *
        ImmunoGen      Inc.
                                           3,896,604          18,704
     *
        Tactile     Systems     Technology      Inc.
                                            409,526         18,654
        Meridian     Bioscience      Inc.
                                           1,067,715          18,536
     *,^
        TherapeuticsMD         Inc.
                                           4,856,609          18,504
     *,^
        Novavax     Inc.
                                          10,014,525           18,427
     *
        R1  RCM  Inc.
                                           2,307,869          18,348
     *
        Cerus   Corp.
                                           3,567,573          18,088
     *
        Amphastar      Pharmaceuticals         Inc.
                                            905,151         18,013
     *
        Puma   Biotechnology        Inc.
                                            875,767         17,822
     *
        AxoGen    Inc.
                                            861,207         17,594
     *
        Addus   HomeCare     Corp.
                                            258,595         17,553
     *,^
        Allogene     Therapeutics       Inc.
                                            636,393         17,138
     *
        Hanger    Inc.
                                            878,938         16,656
     *
        Rhythm    Pharmaceuticals         Inc.
                                            615,839         16,554
     *
        Inspire     Medical     Systems     Inc.
                                            388,653         16,421
        HealthStream       Inc.
                                            666,662         16,100
     *
        Natera    Inc.
                                           1,145,560          15,992
     *
        Surmodics      Inc.
                                            336,417         15,899
     *
        Heska   Corp.
                                            180,506         15,542
     *
        Fate   Therapeutics       Inc.
                                           1,201,647          15,417
     *
        Alder   Biopharmaceuticals           Inc.
                                           1,501,172          15,387
     *,^
        Dynavax     Technologies       Corp.
                                           1,659,735          15,187
     *
        Lantheus     Holdings     Inc.
                                            962,664         15,066
     *
        CorVel    Corp.
                                            238,067         14,693
     *
        Dicerna     Pharmaceuticals         Inc.
                                           1,317,647          14,086
     *,^
        Omeros    Corp.
                                           1,251,908          13,946
     *
        MacroGenics       Inc.
                                           1,072,034          13,615
     *,^
        Athenex     Inc.
                                           1,069,068          13,566
     *
        Coherus     Biosciences       Inc.
                                           1,486,189          13,450
     *
        Guardant     Health    Inc.
                                            354,325         13,319
     *
        Intra-Cellular         Therapies      Inc.
                                           1,152,383          13,126
                                228/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        AMAG   Pharmaceuticals         Inc.
                                            842,524         12,798
     *
        BioScrip     Inc.
                                           3,537,123          12,628
     *
        Collegium      Pharmaceutical         Inc.
                                            728,760         12,513
     *
        Cymabay     Therapeutics       Inc.
                                           1,584,195          12,468
     *
        Eagle   Pharmaceuticals         Inc.
                                            308,516         12,430
     *,^
        ViewRay     Inc.
                                           2,008,559          12,192
     *,^
        Akebia    Therapeutics       Inc.
                                           2,203,476          12,185
     *
        Anika   Therapeutics       Inc.
                                            361,395         12,146
     *
        Kura   Oncology     Inc.
                                            855,015         12,004
     *,^
        Intrexon     Corp.
                                           1,806,499          11,815
     *
        Ra  Pharmaceuticals         Inc.
                                            636,790         11,590
     *,^
        Apollo    Medical     Holdings     Inc.
                                            581,536         11,543
     *
        Veracyte     Inc.
                                            913,280         11,489
     *,^
        Allakos     Inc.
                                            219,089         11,452
     *,^
        Cara   Therapeutics       Inc.
                                            871,372         11,328
                                229/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        PDL  BioPharma      Inc.
                                           3,859,491          11,193
     *
        Intellia     Therapeutics       Inc.
                                            802,918         10,960
     *,^
        SIGA   Technologies       Inc.
                                           1,381,634          10,915
     *,^
        Akcea   Therapeutics       Inc.
                                            350,053         10,551
     *
        G1  Therapeutics       Inc.
                                            542,256         10,384
     *
        PetIQ   Inc.   Class   A
                                            442,206         10,379
     *
        RadNet    Inc.
                                           1,008,011          10,251
     *
        NanoString      Technologies       Inc.
                                            688,635         10,212
        Owens   & Minor   Inc.
                                           1,592,040          10,078
     *
        Triple-S     Management      Corp.   Class   B
                                            573,946          9,981
     *
        Antares     Pharma    Inc.
                                           3,624,936           9,860
        LeMaitre     Vascular     Inc.
                                            412,954          9,762
     *
        BioSpecifics       Technologies       Corp.
                                            160,625          9,734
        Utah   Medical     Products     Inc.
                                            116,705          9,696
     *
        ANI  Pharmaceuticals         Inc.
                                            211,204          9,508
     *,^
        Flexion     Therapeutics       Inc.
                                            837,678          9,483
     *
        ChemoCentryx       Inc.
                                            859,605          9,378
     *,^
        Rocket    Pharmaceuticals         Inc.
                                            631,991          9,366
     *
        Inovio    Pharmaceuticals         Inc.
                                           2,333,947           9,336
     *
        OrthoPediatrics         Corp.
                                            259,351          9,046
     *
        Kindred     Biosciences       Inc.
                                            815,382          8,928
     *,^
        Viking    Therapeutics       Inc.
                                           1,157,904           8,858
     *
        GlycoMimetics        Inc.
                                            921,551          8,727
     *
        Apellis     Pharmaceuticals         Inc.
                                            648,906          8,559
     *
        Fluidigm     Corp.
                                            991,696          8,548
     *,^
        Accelerate      Diagnostics       Inc.
                                            729,004          8,384
     *
        Akorn   Inc.
                                           2,447,255           8,296
     *
        Cytokinetics       Inc.
                                           1,295,539           8,188
     *
        Aratana     Therapeutics       Inc.
                                           1,335,173           8,185
     *
        Deciphera      Pharmaceuticals         Inc.
                                            389,636          8,178
     *
        Kiniksa     Pharmaceuticals         Ltd.   Class   A
                                            289,216          8,124
     *,^
        UNITY   Biotechnology        Inc.
                                            499,394          8,120
     *
        Tricida     Inc.
                                            339,342          8,002
     *,^
        Corbus    Pharmaceuticals         Holdings     Inc.
                                           1,326,754           7,748
     *,^
        Senseonics      Holdings     Inc.
                                           2,979,621           7,717
     *
        Assembly     Biosciences       Inc.
                                            338,933          7,667
     *
        GenMark     Diagnostics       Inc.
                                           1,562,781           7,595
     *,^
        Arcus   Biosciences       Inc.
                                            704,031          7,582
     *
        Sientra     Inc.
                                            586,573          7,455
     *
        Civitas     Solutions      Inc.
                                            418,033          7,320
     *
        SeaSpine     Holdings     Corp.
                                            398,127          7,262
     *
        Concert     Pharmaceuticals         Inc.
                                            575,573          7,223
     *,^
        Osiris    Therapeutics       Inc.
                                            528,043          7,129
     *
        Stemline     Therapeutics       Inc.
                                            739,542          7,026
     *
        Cutera    Inc.
                                            408,450          6,952
     *
        RTI  Surgical     Inc.
                                           1,867,810           6,911
     *,^
        MediciNova      Inc.
                                            831,085          6,790
     *,^
        Homology     Medicines      Inc.
                                            296,849          6,638
     *
        Assertio     Therapeutics       Inc.
                                           1,762,414           6,362
                                230/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        CytoSorbents       Corp.
                                            763,056          6,165
     *
        Kadmon    Holdings     Inc.
                                           2,916,260           6,066
     *
        Voyager     Therapeutics       Inc.
                                            643,742          6,051
     *,^
        Verastem     Inc.
                                           1,768,068           5,941
     *
        BioDelivery       Sciences     International        Inc.
                                           1,599,854           5,919
     *
        Minerva     Neurosciences        Inc.
                                            877,166          5,912
     *,^
        Eloxx   Pharmaceuticals         Inc.
                                            483,525          5,807
     *
        ArQule    Inc.
                                           2,091,210           5,793
     *
        Avid   Bioservices       Inc.
                                           1,407,602           5,771
     *,^
        Scholar     Rock   Holding     Corp.
                                            245,953          5,650
     *
        Bovie   Medical     Corp.
                                            847,416          5,491
     *
        Aldeyra     Therapeutics       Inc.
                                            659,883          5,477
     *,^
        Adamas    Pharmaceuticals         Inc.
                                            630,847          5,387
     *
        Catalyst     Pharmaceuticals         Inc.
                                           2,759,205           5,298
     *
        Capital     Senior    Living    Corp.
                                            778,459          5,294
                                231/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Savara    Inc.
                                            699,205          5,293
     *,^
        Surgery     Partners     Inc.
                                            527,837          5,168
     *,^
        AVEO   Pharmaceuticals         Inc.
                                           3,173,033           5,077
     *
        MEI  Pharma    Inc.
                                           1,882,379           4,969
     *
        Eiger   BioPharmaceuticals           Inc.
                                            479,978          4,877
     *,^
        Rubius    Therapeutics       Inc.
                                            302,654          4,867
     *,^
        MannKind     Corp.
                                           4,576,191           4,851
     *,^
        CASI   Pharmaceuticals         Inc.
                                           1,169,325           4,701
     *,^
        Athersys     Inc.
                                           3,197,519           4,604
     *
        Karyopharm      Therapeutics       Inc.
                                            490,070          4,592
     *,^
        Quanterix      Corp.
                                            247,992          4,541
     *,^
        Solid   Biosciences       Inc.
                                            167,543          4,490
     *,^
        Crinetics      Pharmaceuticals         Inc.
                                            146,505          4,394
     *
        Zafgen    Inc.
                                            870,696          4,310
     *
        Tocagen     Inc.
                                            522,588          4,290
        Invacare     Corp.
                                            997,707          4,290
     *
        BioLife     Solutions      Inc.
                                            355,892          4,281
     *,^
        iRadimed     Corp.
                                            172,166          4,211
     *
        Krystal     Biotech     Inc.
                                            201,532          4,188
     *,^
        AcelRx    Pharmaceuticals         Inc.
                                           1,810,242           4,182
     *,^
        Tyme   Technologies       Inc.
                                           1,132,311           4,178
     *,^
        Abeona    Therapeutics       Inc.
                                            578,165          4,128
     *
        American     Renal   Associates      Holdings     Inc.
                                            352,593          4,062
     *,^
        Helius    Medical     Technologies       Inc.   Class   A
                                            424,314          3,887
     *,^
        Palatin     Technologies       Inc.
                                           5,467,412           3,873
     *,^
        Marinus     Pharmaceuticals         Inc.
                                           1,298,222           3,726
     *
        KalVista     Pharmaceuticals         Inc.
                                            186,785          3,689
     *
        FONAR   Corp.
                                            175,855          3,559
     *
        Harvard     Bioscience      Inc.
                                           1,111,685           3,535
     *
        Ocular    Therapeutix       Inc.
                                            885,023          3,522
     *
        Celcuity     Inc.
                                            145,249          3,485
     *
        Aeglea    BioTherapeutics         Inc.
                                            462,631          3,465
     *
        Acer   Therapeutics       Inc.
                                            171,875          3,458
     *
        Principia      Biopharma      Inc.
                                            123,505          3,383
     *
        Imprimis     Pharmaceuticals         Inc.
                                            588,605          3,349
     *
        Neuronetics       Inc.
                                            172,213          3,332
     *,^
        Xeris   Pharmaceuticals         Inc.
                                            194,322          3,303
     *
        SI-BONE     Inc.
                                            157,259          3,285
     *
        Aduro   Biotech     Inc.
                                           1,241,088           3,276
     *
        Synlogic     Inc.
                                            465,764          3,265
     *
        Proteostasis       Therapeutics       Inc.
                                            994,884          3,223
     *
        Recro   Pharma    Inc.
                                            452,913          3,216
     *,^
        PolarityTE      Inc.
                                            238,053          3,211
     *,^
        EyePoint     Pharmaceuticals         Inc.
                                           1,692,820           3,199
     *
        Spring    Bank   Pharmaceuticals         Inc.
                                            307,487          3,195
     *,^
        CorMedix     Inc.
                                           2,470,211           3,187
     *
        Bellicum     Pharmaceuticals         Inc.
                                           1,088,148           3,177
     *,^
        Galectin     Therapeutics       Inc.
                                            915,093          3,139
     *,^
        Optinose     Inc.
                                            492,665          3,055
                                232/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Marker    Therapeutics       Inc.
                                            549,528          3,050
     *
        Calithera      Biosciences       Inc.
                                            749,087          3,004
     *,^
        Amyris    Inc.
                                            894,783          2,989
     *,^
        Gritstone      Oncology     Inc.
                                            192,414          2,973
     *
        Kala   Pharmaceuticals         Inc.
                                            605,169          2,959
     *
        Protagonist       Therapeutics       Inc.
                                            434,340          2,923
     *,^
        Aptinyx     Inc.
                                            172,817          2,858
     *
        Misonix     Inc.
                                            173,618          2,780
     *
        Y-mAbs    Therapeutics       Inc.
                                            135,814          2,762
     *,^
        Evelo   Biosciences       Inc.
                                            211,239          2,748
     *,^
        XOMA   Corp.
                                            216,177          2,735
     *
        Arvinas     Inc.
                                            209,205          2,688
     *
        Liquidia     Technologies       Inc.
                                            123,671          2,679
     *
        ContraFect      Corp.
                                           1,678,529           2,568
     *,^
        Organovo     Holdings     Inc.
                                           2,645,999           2,532
                                233/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Twist   Bioscience      Corp.
                                            108,304          2,501
     *,^
        Sesen   Bio  Inc.
                                           1,729,774           2,456
     *
        Chembio     Diagnostics       Inc.
                                            429,204          2,429
     *
        Verrica     Pharmaceuticals         Inc.
                                            289,364          2,358
     *
        Axonics     Modulation      Technologies       Inc.
                                            152,300          2,301
     *,^
        Pulse   Biosciences       Inc.
                                            195,729          2,243
     *
        Syndax    Pharmaceuticals         Inc.
                                            496,673          2,210
     *
        Sensus    Healthcare      Inc.
                                            291,443          2,160
     *,^
        Eidos   Therapeutics       Inc.
                                            154,566          2,127
        Psychemedics       Corp.
                                            133,274          2,115
     *
        Ardelyx     Inc.
                                           1,166,408           2,088
     *
        Translate      Bio  Inc.
                                            272,842          2,046
     *
        Joint   Corp.
                                            245,068          2,039
     *,^
        ADMA   Biologics      Inc.
                                            841,538          2,011
     *,^
        Replimune      Group   Inc.
                                            195,662          1,957
     *
        Forty   Seven   Inc.
                                            122,975          1,933
     *
        Adverum     Biotechnologies         Inc.
                                            613,546          1,933
     *
        Endologix      Inc.
                                           2,671,901           1,913
     *
        Rigel   Pharmaceuticals         Inc.
                                            808,634          1,860
     *
        CytomX    Therapeutics       Inc.
                                            120,727          1,823
     *
        Progenics      Pharmaceuticals         Inc.
                                            427,645          1,796
     *,^
        Kezar   Life   Sciences     Inc.
                                             76,019         1,794
     *,^
        Sorrento     Therapeutics       Inc.
                                            743,332          1,784
     *,^
        Community      Health    Systems     Inc.
                                            630,643          1,778
     *,^
        Seres   Therapeutics       Inc.
                                            386,810          1,748
     *,^
        HTG  Molecular      Diagnostics       Inc.
                                            684,696          1,739
     *,^
        La  Jolla   Pharmaceutical         Co.
                                            183,499          1,730
     *,^
        Moderna     Inc.
                                            112,563          1,719
     *,^
        Cohbar    Inc.
                                            528,170          1,643
     *,^
        CEL-SCI     Corp.
                                            571,200          1,639
     *
        Molecular      Templates      Inc.
                                            396,021          1,600
     *
        Aquestive      Therapeutics       Inc.
                                            253,890          1,600
     *,^
        Anixa   Biosciences       Inc.
                                            395,301          1,557
     *,^
        Infinity     Pharmaceuticals         Inc.
                                           1,310,605           1,547
     *,^
        resTORbio      Inc.
                                            178,693          1,540
     *
        Pfenex    Inc.
                                            481,944          1,537
     *
        Cidara    Therapeutics       Inc.
                                            638,301          1,500
     *
        Durect    Corp.
                                           3,064,822           1,481
     *,^
        BrainStorm      Cell   Therapeutics       Inc.
                                            415,593          1,475
     *,^
        TG  Therapeutics       Inc.
                                            351,572          1,441
     *
        Allena    Pharmaceuticals         Inc.
                                            261,352          1,424
     *
        Champions      Oncology     Inc.
                                            175,385          1,370
     *,^
        Genesis     Healthcare      Inc.
                                           1,133,847           1,338
     *,^
        Rockwell     Medical     Inc.
                                            587,579          1,328
     *
        Alphatec     Holdings     Inc.
                                            578,466          1,325
     *
        InfuSystem      Holdings     Inc.
                                            378,907          1,303
     *
        Strata    Skin   Sciences     Inc.
                                            484,735          1,260
     *
        Cumberland      Pharmaceuticals         Inc.
                                            198,124          1,248
     *,^
        Catasys     Inc.
                                            132,873          1,245
                                234/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        RA  Medical     Systems     Inc.
                                            141,588          1,126
     *,^
        Lexicon     Pharmaceuticals         Inc.
                                            166,208          1,104
     *,^
        Opiant    Pharmaceuticals         Inc.
                                             76,262         1,102
     *,^
        Viveve    Medical     Inc.
                                           1,048,461           1,101
     *
        Achillion      Pharmaceuticals         Inc.
                                            685,471          1,090
     *
        Dermira     Inc.
                                            145,810          1,048
     *
        Chiasma     Inc.
                                            327,524          1,019
     *
        Kodiak    Sciences     Inc.
                                            142,615          1,013
     *
        Electromed      Inc.
                                            191,336           974
     *,^
        Ampio   Pharmaceuticals         Inc.
                                           2,382,232            941
     *,^
        Adamis    Pharmaceuticals         Corp.
                                            410,505           924
     *,^
        Actinium     Pharmaceuticals         Inc.
                                           2,318,153            897
     *,^
        Rexahn    Pharmaceuticals         Inc.
                                            954,334           888
     *
        Cocrystal      Pharma    Inc.
                                            246,168           886
     *
        NantKwest      Inc.
                                            745,549           865
                                235/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        Equillium      Inc.
                                            104,447           852
     *,^
        Matinas     BioPharma      Holdings     Inc.
                                           1,428,048            850
     *
        Syros   Pharmaceuticals         Inc.
                                            150,406           838
     *
        LogicBio     Therapeutics       Inc.
                                             78,230          814
     *
        AgeX   Therapeutics       Inc.
                                            271,093           811
     *,^
        Evoke   Pharma    Inc.
                                            324,399           805
     *,^
        Insys   Therapeutics       Inc.
                                            227,514           796
     *
        Applied     Genetic     Technologies       Corp.
                                            310,344           773
     *
        Celldex     Therapeutics       Inc.
                                           3,866,873            765
     *,^
        Evofem    Biosciences       Inc.
                                            181,644           761
     *,^
        Ekso   Bionics     Holdings     Inc.
                                            574,330           712
     *,^
        Alimera     Sciences     Inc.
                                            984,969           707
     *,^
        Second    Sight   Medical     Products     Inc.
                                            796,734           706
     *
        Catabasis      Pharmaceuticals         Inc.
                                            157,546           688
     *
        Enzo   Biochem     Inc.
                                            246,742           686
     *
        Sutro   Biopharma      Inc.
                                             75,677          683
     *
        CAS  Medical     Systems     Inc.
                                            424,399           679
     *
        Orgenesis      Inc.
                                            143,507           672
     *
        Pro-Dex     Inc.
                                             53,314          644
     *
        Evolus    Inc.
                                             52,845          629
     *,^
        VIVUS   Inc.
                                            281,422           628
     *,^
        Heat   Biologics      Inc.
                                            628,229           616
     *,^
        Sophiris     Bio  Inc.
                                            725,699           602
     *
        BioSig    Technologies       Inc.
                                            140,393           599
     *
        Aptevo    Therapeutics       Inc.
                                            451,771           574
     *,^
        Corindus     Vascular     Robotics     Inc.
                                            604,138           507
     *
        Vapotherm      Inc.
                                             25,409          507
     *
        Aerpio    Pharmaceuticals         Inc.
                                            296,248           504
     *
        Tracon    Pharmaceuticals         Inc.
                                            779,786           491
     *
        Avrobio     Inc.
                                             29,363          489
     *,^
        Arsanis     Inc.
                                            204,842           475
     *,^
        SELLAS    Life   Sciences     Group   Inc.
                                            376,042           463
     *
        Cerecor     Inc.
                                            140,306           453
     *,^
        Moleculin      Biotech     Inc.
                                            431,314           449
     *
        ImmuCell     Corp.
                                             65,054          444
     *,^
        BioPharmX      Corp.
                                           4,086,853            441
     *,^
        Xtant   Medical     Holdings     Inc.
                                            271,844           438
     *
        Fortress     Biotech     Inc.
                                            496,613           427
     *,^
        ZIOPHARM     Oncology     Inc.
                                            223,238           417
     *,^
        Curis   Inc.
                                            576,377           398
     *,^
        Celsion     Corp.
                                            274,103           386
     *
        CTI  BioPharma      Corp.
                                            512,182           376
     *,^
        KemPharm     Inc.
                                            207,600           370
     *,^
        Titan   Pharmaceuticals         Inc.
                                           1,614,133            360
     *
        PhaseBio     Pharmaceuticals         Inc.
                                            114,517           354
     *
        Caladrius      Biosciences       Inc.
                                             97,507          347
     *
        Vical   Inc.
                                            292,178           345
     *,^
        Oncocyte     Corp.
                                            247,018           341
     *,^
        Fulgent     Genetics     Inc.
                                            107,237           340
                                236/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        SCYNEXIS     Inc.
                                            705,187           340
     *
        Provention      Bio  Inc.
                                            189,923           336
     *,^
        Lannett     Co.  Inc.
                                             65,361          324
     *
        Quorum    Health    Corp.
                                            108,392           313
     *
        Bellerophon       Therapeutics       Inc.
                                            387,969           311
     *
        Accuray     Inc.
                                             90,051          307
     *
        Mustang     Bio  Inc.
                                            104,424           307
     *,^
        Aethlon     Medical     Inc.
                                            184,467           306
     *,^
        T2  Biosystems      Inc.
                                             99,177          299
     *
        Proteon     Therapeutics       Inc.
                                            127,689           290
     *
        Alpine    Immune    Sciences     Inc.
                                             72,695          268
     *
        Agile   Therapeutics       Inc.
                                            362,750           209
     *,^
        scPharmaceuticals          Inc.
                                             55,200          208
     *,^
        Hancock     Jaffe   Laboratories       Inc.
                                            143,398           202
     *
        Avenue    Therapeutics       Inc.
                                             36,127          195
                                237/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Vaccinex     Inc.
                                             51,814          195
     *
        IsoRay    Inc.
                                            597,951           179
     *,^
        Navidea     Biopharmaceuticals           Inc.
                                           1,699,516            174
     *
        ENDRA   Life   Sciences     Inc.
                                            114,676           172
     *,^
        Checkpoint      Therapeutics       Inc.
                                             94,345          172
     *
        Advaxis     Inc.
                                            887,326           169
     *
        Soleno    Therapeutics       Inc.
                                             94,777          162
     *,^
        Regulus     Therapeutics       Inc.
                                            173,709           162
     *
        Standard     Diversified       Inc.
                                             10,576          157
     ^
        Altimmune      Inc.
                                             73,246          151
     *,^
        PAVmed    Inc.
                                            151,390           146
     *
        Catalyst     Biosciences       Inc.
                                             18,087          143
     *
        Ovid   therapeutics       Inc.
                                             53,281          129
     *
        Constellation        Pharmaceuticals         Inc.
                                             31,790          127
     *
        PLx  Pharma    Inc.
                                             80,502          123
     *
        Soligenix      Inc.
                                            140,021           120
     *,^
        Genocea     Biosciences       Inc.
                                            412,724           118
     *
        Eyenovia     Inc.
                                             38,852          111
     *,^
        Myomo   Inc.
                                             76,279          110
     *
        Synthorx     Inc.
                                             5,764          100
     *,^
        Histogenics       Corp.
                                           1,113,347             98
     *
        Aravive     Inc.
                                             26,500           93
     *,^
        Cleveland      BioLabs     Inc.
                                             91,596           93
     *
        Axsome    Therapeutics       Inc.
                                             30,500           86
        ProPhase     Labs   Inc.
                                             25,381           80
     *
        Dynatronics       Corp.
                                             27,747           76
     *
        Fibrocell      Science     Inc.
                                             47,901           72
     *,^
        Akers   Biosciences       Inc.
                                             59,629           67
     *
        aTyr   Pharma    Inc.
                                            119,600           59
     *,^
        Trovagene      Inc.
                                            112,756           59
     *
        Outlook     Therapeutics       Inc.
                                            117,453           59
     *
        Retractable       Technologies       Inc.
                                             98,504           59
     *
        Idera   Pharmaceuticals         Inc.
                                             19,628           54
     *
        Agenus    Inc.
                                             22,449           53
     *,^
        Vermillion      Inc.
                                            177,741           53
     *
        NanoViricides        Inc.
                                            254,789           51
     *
        Bioanalytical        Systems     Inc.
                                             36,675           47
     *
        Aridis    Pharmaceuticals         Inc.
                                             4,070          45
     *
        Millendo     Therapeutics       Inc.
                                             5,676          45
     *
        Aileron     Therapeutics       Inc.
                                             53,500           45
     *
        Diffusion      Pharmaceuticals         Inc.
                                             21,707           43
     *,^
        Pulmatrix      Inc.
                                            178,611           43
     *
        Adial   Pharmaceuticals         Inc.
                                             8,150          42
     *
        Leap   Therapeutics       Inc.
                                             15,286           31
     *,^
        Cue  Biopharma      Inc.
                                             6,352          30
     *
        NanoVibronix       Inc.
                                             7,510          26
     *,^
        XBiotech     Inc.
                                             4,768          24
     *,^
        Selecta     Biosciences       Inc.
                                             8,686          23
     *
        Citius    Pharmaceuticals         Inc.
                                             22,052           23
                                238/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Precision      Therapeutics       Inc.
                                             37,306           23
     *
        Milestone      Scientific      Inc.
                                             69,031           23
     *
        AquaBounty      Technologies       Inc.
                                             8,850          18
     *
        Biomerica      Inc.
                                             10,523           18
     *
        Pain   Therapeutics       Inc.
                                             20,219           17
     *
        Xenetic     Biosciences       Inc.
                                             10,312           17
     *,^
        Teligent     Inc.
                                             11,824           16
     *
        Genprex     Inc.
                                             14,698           16
     *
        Gemphire     Therapeutics       Inc.
                                             18,400           14
     *,^
        Achieve     Life   Sciences     Inc.
                                             11,135           13
     *
        Hemispherx      Biopharma      Inc.
                                             68,925           12
     *
        American     Shared    Hospital     Services
                                             4,591          11
     *
        Synergy     Pharmaceuticals         Inc.
                                             86,515           10
     *
        NovaBay     Pharmaceuticals         Inc.
                                             11,471           9
     *
        Synthetic      Biologics      Inc.
                                             13,386           7
                                239/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        Novan   Inc.
                                             8,672           7
     *,^
        Neuralstem      Inc.
                                             18,234           6
     *
        Geron   Corp.
                                             5,685           6
        Vaxart    Inc.
                                             2,300           ▶
        Diversicare       Healthcare      Services     Inc.
                                             1,605           ▶
     ^
        Wright    Medical     Group   Inc.   CVR
                                            288,011            ▶
     *
        Bio-Path     Holdings     Inc.
                                             19,033           3
        Biolase     Inc.
                                               45         -
     *
        Onconova     Therapeutics       Inc.
                                               14         -
     *,^
        Microbot     Medical     Inc.
                                                2         -
     *
        Galena    Biopharma      Inc  Warrants     Exp.   03/18/2020
                                            157,500            -
     *
        Sunesis     Pharmaceuticals         Inc.
                                                2         -
     *
        CytRx   Corp.
                                                        -
                                                1
                                                   92,996,696
     資本財・サービス          (12.9   ％ )
        Boeing    Co.
                                          14,412,662         4,648,083
        3M  Co.
                                          15,557,202         2,964,269
        Union   Pacific     Corp.
                                          19,683,934         2,720,910
        Honeywell      International        Inc.
                                          19,774,557         2,612,614
     *
        PayPal    Holdings     Inc.
                                          29,900,604         2,514,342
        Accenture      plc  Class   A
                                          17,053,344         2,404,692
        United    Technologies       Corp.
                                          21,889,917         2,330,838
        Caterpillar       Inc.
                                          15,767,358         2,003,558
        United    Parcel    Service     Inc.   Class   B
                                          18,574,212         1,811,543
        General     Electric     Co.
                                          232,375,831          1,759,085
        Danaher     Corp.
                                          16,847,463         1,737,310
        Lockheed     Martin    Corp.
                                           6,458,184         1,691,011
        Automatic      Data   Processing      Inc.
                                          11,109,023         1,456,615
        CSX  Corp.
                                          21,430,832         1,331,498
        Deere   & Co.
                                           8,594,443         1,282,033
        Raytheon     Co.
                                           7,600,390         1,165,520
        Northrop     Grumman     Corp.
                                           4,637,571         1,135,741
     *
        Norfolk     Southern     Corp.
                                           7,275,842         1,088,029
        General     Dynamics     Corp.
                                           6,723,468         1,056,996
        FedEx   Corp.
                                           6,336,498         1,022,267
        Waste   Management      Inc.
                                          11,388,584         1,013,470
        Illinois     Tool   Works   Inc.
                                           7,979,144         1,010,878
        Emerson     Electric     Co.
                                          16,724,825          999,308
        Fidelity     National     Information       Services     Inc.
                                           8,744,822          896,781
        Sherwin-Williams          Co.
                                           2,250,887          885,634
        Eaton   Corp.   plc
                                          11,570,475          794,429
     *
        Fiserv    Inc.
                                          10,641,615          782,052
        Roper   Technologies       Inc.
                                           2,763,673          736,574
        Johnson     Controls     International        plc
                                          24,709,735          732,644
        TE  Connectivity       Ltd.
                                           9,161,876          692,913
        Amphenol     Corp.   Class   A
                                           8,048,560          652,094
     *
        Worldpay     Inc.   Class   A
                                           8,064,710          616,386
        Ingersoll-Rand         plc
                                           6,562,921          598,735
        Agilent     Technologies       Inc.
                                           8,490,865          572,794
                                240/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Paychex     Inc.
                                           8,634,549          562,541
        Cummins     Inc.
                                           4,075,989          544,715
        Fortive     Corp.
                                           8,028,485          543,207
        PACCAR    Inc.
                                           9,338,173          533,583
        Parker-Hannifin         Corp.
                                           3,537,283          527,550
        Willis    Towers    Watson    plc
                                           3,473,568          527,496
        Waste   Connections       Inc.
                                           7,044,101          523,024
        Rockwell     Automation      Inc.
                                           3,226,016          485,451
        Stanley     Black   & Decker    Inc.
                                           4,038,439          483,563
     *
        Verisk    Analytics      Inc.   Class   A
                                           4,174,899          455,231
     *
        FleetCor     Technologies       Inc.
                                           2,370,245          440,202
     *
        Square    Inc.
                                           7,818,971          438,566
        Global    Payments     Inc.
                                           4,228,031          436,037
     *
        TransDigm      Group   Inc.
                                           1,265,716          430,419
        AMETEK    Inc.
                                           6,203,481          419,976
                                241/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Ball   Corp.
                                           9,057,387          416,459
        Republic     Services     Inc.   Class   A
                                           5,638,801          406,501
        Fastenal     Co.
                                           7,663,568          400,728
        Cintas    Corp.
                                           2,284,107          383,707
     *
        Mettler-Toledo         International        Inc.
                                            669,357         378,575
        L3  Technologies       Inc.
                                           2,098,968          364,507
     *
        Waters    Corp.
                                           1,921,642          362,518
        WW  Grainger     Inc.
                                           1,277,442          360,699
        Total   System    Services     Inc.
                                           4,387,381          356,650
        Vulcan    Materials      Co.
                                           3,524,950          348,265
     *
        CoStar    Group   Inc.
                                            972,140         327,942
        Xylem   Inc.
                                           4,797,042          320,059
        Expeditors      International        of  Washington      Inc.
                                           4,616,823          314,359
        CH  Robinson     Worldwide      Inc.
                                           3,675,570          309,079
     *
        Keysight     Technologies       Inc.
                                           4,974,712          308,830
        Broadridge      Financial      Solutions      Inc.
                                           3,114,266          299,748
        Martin    Marietta     Materials      Inc.
                                           1,672,959          287,531
        TransUnion
                                           4,933,847          280,243
        Dover   Corp.
                                           3,891,920          276,132
        Textron     Inc.
                                           5,829,068          268,079
        Jack   Henry   & Associates      Inc.
                                           2,059,746          260,599
        IDEX   Corp.
                                           2,045,942          258,321
        Kansas    City   Southern
                                           2,706,019          258,290
        Westrock     Co.
                                           6,828,915          257,860
        Old  Dominion     Freight     Line   Inc.
                                           1,965,687          242,743
     *
        First   Data   Corp.   Class   A
                                          14,280,131          241,477
        Masco   Corp.
                                           8,141,551          238,059
        PerkinElmer       Inc.
                                           2,966,960          233,055
     *
        Zebra   Technologies       Corp.
                                           1,432,521          228,100
        Lennox    International        Inc.
                                           1,021,975          223,669
     *
        United    Rentals     Inc.
                                           2,164,074          221,882
        Jacobs    Engineering       Group   Inc.
                                           3,787,769          221,433
     *
        Trimble     Inc.
                                           6,696,129          220,370
        Huntington      Ingalls     Industries      Inc.
                                           1,144,117          217,737
        Snap-on     Inc.
                                           1,496,539          217,432
        JB  Hunt   Transport      Services     Inc.
                                           2,325,677          216,381
        Packaging      Corp.   of  America
                                           2,515,838          209,972
        Spirit    AeroSystems       Holdings     Inc.   Class   A
                                           2,836,259          204,466
        Allegion     plc
                                           2,539,492          202,423
     *
        Sensata     Technologies       Holding     plc
                                           4,376,624          196,248
        Arconic     Inc.
                                          11,599,507          195,568
     *
        XPO  Logistics      Inc.
                                           3,383,451          192,992
     *
        Teledyne     Technologies       Inc.
                                            912,887         189,032
        Graco   Inc.
                                           4,445,938          186,062
        Alliance     Data   Systems     Corp.
                                           1,232,840          185,025
        Robert    Half   International        Inc.
                                           3,071,672          175,700
        Pentair     plc
                                           4,623,753          174,685
     *
        HD  Supply    Holdings     Inc.
                                           4,654,585          174,640
        Cognex    Corp.
                                           4,363,178          168,724
                                242/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Berry   Global    Group   Inc.
                                           3,486,272          165,702
        AO  Smith   Corp.
                                           3,846,557          164,248
        Wabtec    Corp.
                                           2,319,434          162,940
        Booz   Allen   Hamilton     Holding     Corp.   Class   A
                                           3,599,810          162,243
     *
        WEX  Inc.
                                           1,147,751          160,754
        HEICO   Corp.   Class   A
                                           2,548,378          160,548
        FLIR   Systems     Inc.
                                           3,683,637          160,386
     *
        Arrow   Electronics       Inc.
                                           2,320,385          159,991
        Carlisle     Cos.   Inc.
                                           1,588,465          159,672
        Nordson     Corp.
                                           1,325,418          158,189
        AptarGroup      Inc.
                                           1,673,612          157,437
        National     Instruments       Corp.
                                           3,352,887          152,154
        Allison     Transmission       Holdings     Inc.
                                           3,458,355          151,856
     *
        Crown   Holdings     Inc.
                                           3,604,595          149,843
        Toro   Co.
                                           2,674,007          149,424
                                243/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Donaldson      Co.  Inc.
                                           3,414,666          148,162
        Sealed    Air  Corp.
                                           4,175,857          145,487
        Hubbell     Inc.   Class   B
                                           1,456,543          144,693
        Sonoco    Products     Co.
                                           2,659,002          141,273
     *
        Fair   Isaac   Corp.
                                            732,930         137,058
     *
        Euronet     Worldwide      Inc.
                                           1,305,639          133,671
        Flowserve      Corp.
                                           3,498,466          133,012
        Hexcel    Corp.
                                           2,293,822          131,528
        Lincoln     Electric     Holdings     Inc.
                                           1,632,586          128,729
        Owens   Corning
                                           2,925,079          128,645
        MDU  Resources      Group   Inc.
                                           5,227,316          124,619
        Acuity    Brands    Inc.
                                           1,069,518          122,941
        Fluor   Corp.
                                           3,755,152          120,916
        Watsco    Inc.
                                            854,894         118,950
        Oshkosh     Corp.
                                           1,914,228          117,361
        Quanta    Services     Inc.
                                           3,894,232          117,216
     *
        Genesee     & Wyoming     Inc.   Class   A
                                           1,552,846          114,942
        ITT  Inc.
                                           2,334,894          112,705
     *
        AECOM
                                           4,207,608          111,502
        MAXIMUS     Inc.
                                           1,708,524          111,208
        Bemis   Co.  Inc.
                                           2,417,588          110,967
        Woodward     Inc.
                                           1,484,055          110,250
        Littelfuse      Inc.
                                            636,508         109,148
        Avnet   Inc.
                                           2,988,487          107,884
        ManpowerGroup        Inc.
                                           1,661,308          107,653
        Curtiss-Wright         Corp.
                                           1,050,381          107,265
        Xerox   Corp.
                                           5,394,124          106,588
     ^
        Universal      Display     Corp.
                                           1,131,465          105,871
     *
        IPG  Photonics      Corp.
                                            926,630         104,978
        Landstar     System    Inc.
                                           1,095,122          104,770
        Genpact     Ltd.
                                           3,804,037          102,671
        BWX  Technologies       Inc.
                                           2,641,570          100,987
        Jabil   Inc.
                                           3,948,398          97,881
        Crane   Co.
                                           1,345,917          97,148
        nVent   Electric     plc
                                           4,301,823          96,619
     *
        Kirby   Corp.
                                           1,430,657          96,369
        USG  Corp.
                                           2,235,637          95,372
     *
        Esterline      Technologies       Corp.
                                            780,192         94,754
        AGCO   Corp.
                                           1,683,863          93,741
        Insperity      Inc.
                                           1,003,200          93,659
        MSC  Industrial      Direct    Co.  Inc.   Class   A
                                           1,209,050          93,000
     *
        Trex   Co.  Inc.
                                           1,565,194          92,910
        EMCOR   Group   Inc.
                                           1,531,960          91,443
     *
        Stericycle      Inc.
                                           2,407,180          88,319
        Graphic     Packaging      Holding     Co.
                                           8,263,233          87,921
        EnerSys
                                           1,124,484          87,271
        MSA  Safety    Inc.
                                            915,899         86,342
     *
        RBC  Bearings     Inc.
                                            644,004         84,429
        Louisiana-Pacific          Corp.
                                           3,750,175          83,329
                                244/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Brink's     Co.
                                           1,283,602          82,985
     *
        Generac     Holdings     Inc.
                                           1,653,604          82,184
        Knight-Swift       Transportation         Holdings     Inc.
                                           3,244,643          81,343
        Regal   Beloit    Corp.
                                           1,151,058          80,632
        Air  Lease   Corp.   Class   A
                                           2,625,886          79,328
     *
        Proto   Labs   Inc.
                                            688,072         77,608
        Tetra   Tech   Inc.
                                           1,477,683          76,500
        Armstrong      World   Industries      Inc.
                                           1,260,753          73,388
        Kennametal      Inc.
                                           2,187,554          72,802
     *
        Owens-Illinois         Inc.
                                           4,217,043          72,702
     *
        Allegheny      Technologies       Inc.
                                           3,338,446          72,678
        Eagle   Materials      Inc.
                                           1,188,238          72,518
     *
        ASGN   Inc.
                                           1,323,591          72,136
     *
        CoreLogic      Inc.
                                           2,141,928          71,583
        Macquarie      Infrastructure         Corp.
                                           1,930,900          70,594
                                245/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Gardner     Denver    Holdings     Inc.
                                           3,446,468          70,480
     *
        AMN  Healthcare      Services     Inc.
                                           1,243,372          70,449
        GATX   Corp.
                                            984,848         69,737
        Barnes    Group   Inc.
                                           1,288,232          69,075
        Exponent     Inc.
                                           1,361,329          69,033
     *
        Coherent     Inc.
                                            649,462         68,655
        Timken    Co.
                                           1,838,217          68,602
     *
        FTI  Consulting      Inc.
                                           1,020,998          68,039
        Trinity     Industries      Inc.
                                           3,301,933          67,987
     *
        MasTec    Inc.
                                           1,673,546          67,879
        Ryder   System    Inc.
                                           1,404,880          67,645
     *
        Resideo     Technologies       Inc.
                                           3,276,926          67,341
     *
        Clean   Harbors     Inc.
                                           1,347,226          66,486
     *
        Aerojet     Rocketdyne      Holdings     Inc.
                                           1,874,459          66,037
        Moog   Inc.   Class   A
                                            850,530         65,899
     *
        Integer     Holdings     Corp.
                                            861,931         65,731
     *
        Axon   Enterprise      Inc.
                                           1,472,652          64,429
        Vishay    Intertechnology         Inc.
                                           3,528,357          63,546
     *
        Rexnord     Corp.
                                           2,764,897          63,454
        Valmont     Industries      Inc.
                                            559,021         62,023
        John   Bean   Technologies       Corp.
                                            843,772         60,591
        Simpson     Manufacturing        Co.  Inc.
                                           1,118,608          60,550
     *
        Cimpress     NV
                                            579,523         59,934
     *
        SiteOne     Landscape      Supply    Inc.
                                           1,083,744          59,899
     *
        WESCO   International        Inc.
                                           1,241,222          59,579
        UniFirst     Corp.
                                            403,530         57,733
     *
        Beacon    Roofing     Supply    Inc.
                                           1,814,837          57,567
     *
        Mercury     Systems     Inc.
                                           1,209,898          57,216
        Korn/Ferry      International
                                           1,441,890          57,012
        KBR  Inc.
                                           3,730,178          56,624
        ABM  Industries      Inc.
                                           1,751,145          56,229
     *
        Novanta     Inc.
                                            867,011         54,622
        Applied     Industrial      Technologies       Inc.
                                           1,009,736          54,465
        Brady   Corp.   Class   A
                                           1,234,554          53,654
        Otter   Tail   Corp.
                                           1,060,380          52,637
     *
        II-VI   Inc.
                                           1,619,273          52,562
     *
        Paylocity      Holding     Corp.
                                            851,065         51,243
     *
        Conduent     Inc.
                                           4,818,160          51,217
        Granite     Construction       Inc.
                                           1,253,224          50,480
     *
        Imperva     Inc.
                                            888,960         49,506
        Terex   Corp.
                                           1,792,334          49,415
        Silgan    Holdings     Inc.
                                           2,037,204          48,119
        Deluxe    Corp.
                                           1,244,482          47,838
     *
        TriNet    Group   Inc.
                                           1,138,217          47,748
     *
        Rogers    Corp.
                                            479,477         47,497
     *
        Fabrinet
                                            923,989         47,410
        Watts   Water   Technologies       Inc.   Class   A
                                            731,188         47,184
        Albany    International        Corp.
                                            752,815         46,998
     *
        Advanced     Disposal     Services     Inc.
                                           1,883,239          45,085
                                246/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Belden    Inc.
                                           1,074,293          44,873
     *
        ExlService      Holdings     Inc.
                                            852,221         44,844
        EVERTEC     Inc.
                                           1,552,357          44,553
     *
        Plexus    Corp.
                                            855,183         43,683
        Franklin     Electric     Co.  Inc.
                                           1,011,717          43,382
        Altra   Industrial      Motion    Corp.
                                           1,717,530          43,196
        Triton    International        Ltd.
                                           1,385,415          43,045
        Comfort     Systems     USA  Inc.
                                            975,502         42,610
     *
        Dycom   Industries      Inc.
                                            787,929         42,580
     *
        Harsco    Corp.
                                           2,139,270          42,486
     *
        Colfax    Corp.
                                           2,026,939          42,363
     *
        TopBuild     Corp.
                                            933,250         41,996
        Covanta     Holding     Corp.
                                           3,127,482          41,971
        ESCO   Technologies       Inc.
                                            632,884         41,739
        Forward     Air  Corp.
                                            759,820         41,676
                                247/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Cubic   Corp.
                                            774,637         41,629
     *
        Itron   Inc.
                                            877,045         41,475
     *
        Sanmina     Corp.
                                           1,715,022          41,263
        Kaman   Corp.
                                            724,085         40,614
        Universal      Forest    Products     Inc.
                                           1,558,440          40,457
     *
        Anixter     International        Inc.
                                            732,146         39,763
        HEICO   Corp.
                                            508,953         39,434
     *
        MINDBODY     Inc.   Class   A
                                           1,083,292          39,432
     *
        Aerovironment        Inc.
                                            569,090         38,670
        Mueller     Water   Products     Inc.   Class   A
                                           4,186,606          38,098
     *
        Saia   Inc.
                                            675,834         37,725
        Badger    Meter   Inc.
                                            753,717         37,090
        Mobile    Mini   Inc.
                                           1,164,443          36,971
     *
        Summit    Materials      Inc.   Class   A
                                           2,977,386          36,920
        Werner    Enterprises       Inc.
                                           1,242,265          36,696
        World   Fuel   Services     Corp.
                                           1,694,212          36,273
        US  Ecology     Inc.
                                            574,402         36,176
        AAON   Inc.
                                           1,025,331          35,948
        Matson    Inc.
                                           1,107,225          35,453
        Schneider      National     Inc.   Class   B
                                           1,893,676          35,355
        ManTech     International        Corp.   Class   A
                                            675,356         35,318
     *
        Evolent     Health    Inc.   Class   A
                                           1,753,398          34,980
     *
        Navistar     International        Corp.
                                           1,324,129          34,361
        Greenbrier      Cos.   Inc.
                                            865,938         34,239
        Raven   Industries      Inc.
                                            939,653         34,006
        Mueller     Industries      Inc.
                                           1,432,745          33,469
     *
        Builders     FirstSource       Inc.
                                           3,060,768          33,393
     *
        Air  Transport      Services     Group   Inc.
                                           1,457,990          33,257
        Actuant     Corp.   Class   A
                                           1,577,741          33,117
        Rush   Enterprises       Inc.   Class   A
                                            955,821         32,957
     *
        Masonite     International        Corp.
                                            731,057         32,773
        EnPro   Industries      Inc.
                                            543,251         32,649
     *
        SPX  FLOW   Inc.
                                           1,069,507          32,534
        AAR  Corp.
                                            868,649         32,435
     *
        Knowles     Corp.
                                           2,414,681          32,139
     *
        TriMas    Corp.
                                           1,166,900          31,845
     *
        OSI  Systems     Inc.
                                            433,541         31,779
     *
        Hub  Group   Inc.   Class   A
                                            839,822         31,132
        McGrath     RentCorp
                                            604,383         31,114
        Federal     Signal    Corp.
                                           1,533,613          30,519
        ICF  International        Inc.
                                            470,548         30,482
     *
        Kratos    Defense     & Security     Solutions      Inc.
                                           2,155,316          30,368
     *
        SPX  Corp.
                                           1,082,250          30,314
     *
        Huron   Consulting      Group   Inc.
                                            586,973         30,118
     *
        Gibraltar      Industries      Inc.
                                            843,143         30,007
     *
        Casella     Waste   Systems     Inc.   Class   A
                                           1,048,009          29,858
        Greif   Inc.   Class   A
                                            789,980         29,316
     *,^
        Ambarella      Inc.
                                            823,403         28,803
        Navigant     Consulting      Inc.
                                           1,167,886          28,088
                                248/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        AZZ  Inc.
                                            671,303         27,094
        Lindsay     Corp.
                                            281,044         27,050
     *
        CBIZ   Inc.
                                           1,370,127          26,991
        Benchmark      Electronics       Inc.
                                           1,231,518          26,084
     *
        BMC  Stock   Holdings     Inc.
                                           1,683,867          26,066
     *
        Pluralsight       Inc.   Class   A
                                           1,091,991          25,716
     *
        Electro     Scientific      Industries      Inc.
                                            858,248         25,713
     *
        Sykes   Enterprises       Inc.
                                           1,035,291          25,603
     *
        Atlas   Air  Worldwide      Holdings     Inc.
                                            604,951         25,523
     *
        JELD-WEN     Holding     Inc.
                                           1,793,480          25,485
     *,^
        Inovalon     Holdings     Inc.   Class   A
                                           1,796,859          25,479
     *
        Cardtronics       plc  Class   A
                                            977,419         25,413
        Encore    Wire   Corp.
                                            504,762         25,329
        Boise   Cascade     Co.
                                           1,042,310          24,859
     *
        Continental       Building     Products     Inc.
                                            976,578         24,854
                                249/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Sun  Hydraulics      Corp.
                                            737,075         24,464
     *
        Atkore    International        Group   Inc.
                                           1,228,299          24,369
        Aircastle      Ltd.
                                           1,400,193          24,139
        KEMET   Corp.
                                           1,371,997          24,065
     *
        Verra   Mobility     Corp.
                                           2,439,800          23,812
        Advanced     Drainage     Systems     Inc.
                                            978,901         23,738
     *
        TTM  Technologies       Inc.
                                           2,414,417          23,492
     *
        PGT  Innovations       Inc.
                                           1,457,305          23,098
     *
        TrueBlue     Inc.
                                           1,030,124          22,920
        Kadant    Inc.
                                            280,234         22,828
        Tennant     Co.
                                            431,615         22,491
        Heartland      Express     Inc.
                                           1,200,076          21,961
        ArcBest     Corp.
                                            640,406         21,940
        Apogee    Enterprises       Inc.
                                            725,282         21,650
     *
        Milacron     Holdings     Corp.
                                           1,819,072          21,629
        Standex     International        Corp.
                                            318,261         21,381
        Methode     Electronics       Inc.
                                            916,338         21,342
        Primoris     Services     Corp.
                                           1,065,872          20,390
        AVX  Corp.
                                           1,325,010          20,206
     *
        Installed      Building     Products     Inc.
                                            580,126         19,544
        Douglas     Dynamics     Inc.
                                            533,862         19,160
        Kforce    Inc.
                                            615,060         19,018
        CTS  Corp.
                                            718,354         18,598
        Wabash    National     Corp.
                                           1,420,648          18,582
        Maxar   Technologies       Ltd.
                                           1,547,928          18,513
        GrafTech     International        Ltd.
                                           1,610,669          18,426
        Mesa   Laboratories       Inc.
                                             87,324         18,197
     *
        Astronics      Corp.
                                            597,165         18,184
     *
        Vicor   Corp.
                                            480,517         18,159
        MTS  Systems     Corp.
                                            452,070         18,142
     *
        FARO   Technologies       Inc.
                                            439,263         17,852
        Alamo   Group   Inc.
                                            230,635         17,833
        Cass   Information       Systems     Inc.
                                            335,547         17,757
     *,^
        MACOM   Technology      Solutions      Holdings     Inc.
                                           1,204,795          17,482
        Gorman-Rupp       Co.
                                            528,589         17,132
        H&E  Equipment      Services     Inc.
                                            837,846         17,109
     *
        Patrick     Industries      Inc.
                                            572,818         16,961
     *
        Tutor   Perini    Corp.
                                           1,052,195          16,804
        Columbus     McKinnon     Corp.
                                            552,359         16,648
        Astec   Industries      Inc.
                                            551,052         16,636
     *
        Thermon     Group   Holdings     Inc.
                                            817,108         16,571
        Kelly   Services     Inc.   Class   A
                                            804,273         16,472
     *
        SEACOR    Holdings     Inc.
                                            420,248         15,549
     *
        NV5  Global    Inc.
                                            256,442         15,528
     *
        Gates   Industrial      Corp.   plc
                                           1,169,306          15,482
        Marten    Transport      Ltd.
                                            950,214         15,384
     *
        Evo  Payments     Inc.   Class   A
                                            623,366         15,378
        Hyster-Yale       Materials      Handling     Inc.
                                            244,576         15,154
     *,^
        US  Concrete     Inc.
                                            419,838         14,812
                                250/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Argan   Inc.
                                            388,590         14,704
        Heidrick     & Struggles      International        Inc.
                                            470,577         14,677
        Triumph     Group   Inc.
                                           1,236,161          14,216
     *
        Echo   Global    Logistics      Inc.
                                            694,980         14,129
     *
        Engility     Holdings     Inc.
                                            485,605         13,820
     *
        Manitowoc      Co.  Inc.
                                            923,440         13,639
        Briggs    & Stratton     Corp.
                                           1,023,156          13,383
        Global    Brass   & Copper    Holdings     Inc.
                                            526,608         13,244
        DMC  Global    Inc.
                                            370,109         12,998
        Kimball     International        Inc.   Class   B
                                            915,360         12,989
     *
        Aegion    Corp.   Class   A
                                            772,491         12,607
        Quanex    Building     Products     Corp.
                                            925,744         12,581
        Ennis   Inc.
                                            651,478         12,541
        Myers   Industries      Inc.
                                            804,543         12,157
     *
        Control4     Corp.
                                            677,747         11,928
                                251/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Insteel     Industries      Inc.
                                            490,926         11,920
     *
        Donnelley      Financial      Solutions      Inc.
                                            841,113         11,801
     *,^
        Team   Inc.
                                            792,619         11,612
     *
        DXP  Enterprises       Inc.
                                            401,573         11,180
        National     Research     Corp.
                                            289,778         11,052
     *
        CAI  International        Inc.
                                            474,091         11,013
     *
        Ducommun     Inc.
                                            303,154         11,011
     *
        MYR  Group   Inc.
                                            390,071         10,988
        Resources      Connection      Inc.
                                            761,653         10,815
        Essendant      Inc.
                                            851,883         10,717
        Park   Electrochemical         Corp.
                                            586,069         10,590
        NVE  Corp.
                                            119,611         10,471
     *
        Great   Lakes   Dredge    & Dock   Corp.
                                           1,577,589          10,444
        Barrett     Business     Services     Inc.
                                            182,268         10,435
        TTEC   Holdings     Inc.
                                            359,368         10,267
        Quad/Graphics        Inc.
                                            808,240          9,958
     *
        Heritage-Crystal          Clean   Inc.
                                            423,201          9,738
     *
        Kimball     Electronics       Inc.
                                            626,636          9,707
     *
        Willdan     Group   Inc.
                                            273,086          9,553
     *
        International        Seaways     Inc.
                                            541,935          9,126
        Miller    Industries      Inc.
                                            336,376          9,082
        Daktronics      Inc.
                                           1,216,874           9,005
     *
        Veeco   Instruments       Inc.
                                           1,213,128           8,989
     *,^
        CryoPort     Inc.
                                            807,045          8,902
        Allied    Motion    Technologies       Inc.
                                            199,138          8,899
     *
        Sterling     Construction       Co.  Inc.
                                            797,204          8,682
     *
        Landec    Corp.
                                            719,371          8,517
        CRA  International        Inc.
                                            195,182          8,305
        Graham    Corp.
                                            351,213          8,022
     *
        UFP  Technologies       Inc.
                                            261,648          7,860
     *,^
        Livent    Corp.
                                            567,839          7,836
     *
        Vishay    Precision      Group   Inc.
                                            258,080          7,802
        NN  Inc.
                                           1,152,697           7,735
     *
        Cross   Country     Healthcare      Inc.
                                           1,036,334           7,596
     *
        Nuvectra     Corp.
                                            445,301          7,276
        B.  Riley   Financial      Inc.
                                            508,674          7,223
     *
        Armstrong      Flooring     Inc.
                                            606,011          7,175
        Multi-Color       Corp.
                                            200,788          7,046
        Hurco   Cos.   Inc.
                                            194,786          6,954
     *
        Franklin     Covey   Co.
                                            303,613          6,780
        Powell    Industries      Inc.
                                            269,908          6,750
     *,^
        Energy    Recovery     Inc.
                                            999,797          6,729
        VSE  Corp.
                                            222,438          6,653
     *
        Blue   Bird   Corp.
                                            364,293          6,626
     *
        Eagle   Bulk   Shipping     Inc.
                                           1,428,322           6,585
        Advanced     Emissions      Solutions      Inc.
                                            622,187          6,564
     *
        PRGX   Global    Inc.
                                            685,615          6,493
     *
        Northwest      Pipe   Co.
                                            273,289          6,365
        Park-Ohio      Holdings     Corp.
                                            206,719          6,344
                                252/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        IntriCon     Corp.
                                            239,580          6,320
     *,^
        BlueLinx     Holdings     Inc.
                                            253,321          6,260
        Spartan     Motors    Inc.
                                            857,118          6,197
     *
        Information       Services     Group   Inc.
                                           1,427,047           6,051
     *
        Mistras     Group   Inc.
                                            420,304          6,044
     *
        Covenant     Transportation         Group   Inc.   Class   A
                                            302,080          5,800
     *
        CECO   Environmental        Corp.
                                            840,101          5,671
     *
        Twin   Disc   Inc.
                                            380,026          5,605
     *
        Era  Group   Inc.
                                            632,959          5,532
        BG  Staffing     Inc.
                                            267,691          5,528
     *
        InnerWorkings        Inc.
                                           1,431,173           5,353
     *
        GP  Strategies      Corp.
                                            421,245          5,312
     *
        Napco   Security     Technologies       Inc.
                                            336,052          5,293
     *
        Sparton     Corp.
                                            280,551          5,103
     *
        Lydall    Inc.
                                            243,505          4,946
                                253/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Omega   Flex   Inc.
                                             91,330         4,938
        Bel  Fuse   Inc.   Class   B
                                            266,476          4,908
     *
        ShotSpotter       Inc.
                                            154,978          4,832
     *
        Commercial      Vehicle     Group   Inc.
                                            817,175          4,658
     *
        Everi   Holdings     Inc.
                                            893,033          4,599
        Griffon     Corp.
                                            439,398          4,592
     *
        Radiant     Logistics      Inc.
                                           1,061,854           4,513
        EVI  Industries      Inc.
                                            134,817          4,496
     *
        Willis    Lease   Finance     Corp.
                                            128,860          4,459
     *
        LB  Foster    Co.  Class   A
                                            278,605          4,430
     *
        Daseke    Inc.
                                           1,202,357           4,425
        Eastern     Co.
                                            180,832          4,373
     *
        Acacia    Research     Corp.
                                           1,435,005           4,276
     *
        Intevac     Inc.
                                            751,302          3,929
     *
        Lawson    Products     Inc.
                                            120,622          3,812
     *,^
        Energous     Corp.
                                            652,950          3,781
     *
        CyberOptics       Corp.
                                            212,407          3,745
     *
        USA  Truck   Inc.
                                            249,697          3,738
     *
        Gencor    Industries      Inc.
                                            332,187          3,644
     *
        Orion   Group   Holdings     Inc.
                                            841,239          3,609
     *,^
        Turtle    Beach   Corp.
                                            248,034          3,539
        NACCO   Industries      Inc.   Class   A
                                            101,152          3,429
        Universal      Logistics      Holdings     Inc.
                                            187,298          3,388
     *
        Transcat     Inc.
                                            176,375          3,355
     *,^
        Cardlytics      Inc.
                                            309,483          3,352
        United    States    Lime   & Minerals     Inc.
                                             47,159         3,348
        Crawford     & Co.  Class   A
                                            367,479          3,271
     *
        IES  Holdings     Inc.
                                            209,645          3,260
     *
        Foundation      Building     Materials      Inc.
                                            381,771          3,173
        Crawford     & Co.  Class   B
                                            350,182          3,152
     *
        General     Finance     Corp.
                                            305,932          3,093
        Global    Water   Resources      Inc.
                                            295,043          2,992
     *
        Iteris    Inc.
                                            792,279          2,955
        Richardson      Electronics       Ltd.
                                            339,072          2,947
     *
        ServiceSource        International        Inc.
                                           2,650,656           2,863
     *
        OptimizeRx      Corp.
                                            258,343          2,834
     *
        PAM  Transportation         Services     Inc.
                                             65,281         2,573
     *,^
        Maxwell     Technologies       Inc.
                                           1,219,253           2,524
     *
        Houston     Wire   & Cable   Co.
                                            465,712          2,356
     *,^
        Asure   Software     Inc.
                                            452,640          2,299
     *
        StarTek     Inc.
                                            338,150          2,249
     *
        Luna   Innovations       Inc.
                                            659,902          2,211
     *
        Ultralife      Corp.
                                            324,252          2,189
     *,^
        Forterra     Inc.
                                            565,451          2,126
     *
        Universal      Technical      Institute      Inc.
                                            564,724          2,061
     *
        Frequency      Electronics       Inc.
                                            191,069          2,025
     *,^
        ExOne   Co.
                                            303,438          2,009
     *
        3PEA   International        Inc.
                                            564,546          1,987
     *
        DHI  Group   Inc.
                                           1,254,116           1,906
                                254/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Arotech     Corp.
                                            717,564          1,880
     *
        Perceptron      Inc.
                                            207,487          1,672
     *
        CIRCOR    International        Inc.
                                             73,933         1,575
     *
        Patriot     Transportation         Holding     Inc.
                                             80,602         1,571
     *,^
        Aqua   Metals    Inc.
                                            841,348          1,531
     *,^
        MicroVision       Inc.
                                           2,514,638           1,519
        RF  Industries      Ltd.
                                            201,049          1,460
        Steel   Connect     Inc.
                                            822,121          1,422
     *
        CPI  Aerostructures         Inc.
                                            222,135          1,415
     *
        NCI  Building     Systems     Inc.
                                            191,859          1,391
     *
        Goldfield      Corp.
                                            599,302          1,354
     *
        Lincoln     Educational       Services     Corp.
                                            420,738          1,346
     *
        Wesco   Aircraft     Holdings     Inc.
                                            156,685          1,238
     *
        Perma-Pipe      International        Holdings     Inc.
                                            139,330          1,219
     *
        Sharps    Compliance      Corp.
                                            345,073          1,132
                                255/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        IEC  Electronics       Corp.
                                            195,868          1,120
        LSI  Industries      Inc.
                                            337,386          1,070
     *,^
        Horizon     Global    Corp.
                                            692,184           990
     *,^
        eMagin    Corp.
                                            941,638           970
     *
        FreightCar      America     Inc.
                                            136,294           912
        Espey   Manufacturing        & Electronics       Corp.
                                             36,513          910
     *
        NRC  Group   Holdings     Corp.
                                            115,588           884
     *
        Hudson    Global    Inc.
                                            612,530           827
     *
        Taylor    Devices     Inc.
                                             67,427          809
        Issuer    Direct    Corp.
                                             68,008          772
     *
        Charah    Solutions      Inc.
                                             91,860          767
        RR  Donnelley      & Sons   Co.
                                            189,623           751
     *,^
        LightPath      Technologies       Inc.   Class   A
                                            479,513           714
     *
        Tecogen     Inc.
                                            168,227           611
        AMCON   Distributing       Co.
                                             6,102          609
     *,^
        Medical     Transcription        Billing     Corp.
                                            158,438           602
     ^
        ADT  Inc.
                                            100,100           602
     *
        PFSweb    Inc.
                                            110,737           568
     *
        Wireless     Telecom     Group   Inc.
                                            316,572           560
     *,^
        Odyssey     Marine    Exploration       Inc.
                                            166,648           555
     *
        Air  T Inc.
                                             21,726          532
     *
        SIFCO   Industries      Inc.
                                            152,452           526
        Greif   Inc.   Class   B
                                             11,156          495
     *,^
        Lightbridge       Corp.
                                            754,234           411
     *
        ARC  Document     Solutions      Inc.
                                            193,400           396
        Ecology     and  Environment       Inc.
                                             34,432          390
     *
        ALJ  Regional     Holdings     Inc.
                                            287,886           377
        Chicago     Rivet   & Machine     Co.
                                             11,328          357
     *
        Image   Sensing     Systems     Inc.
                                             78,888          355
     *
        UQM  Technologies       Inc.
                                            411,473           350
     *
        Manitex     International        Inc.
                                             60,530          344
     *
        Perma-Fix      Environmental        Services
                                            140,143           329
     *
        CUI  Global    Inc.
                                            250,700           308
        Rush   Enterprises       Inc.   Class   B
                                             7,149          254
     *
        DLH  Holdings     Corp.
                                             52,984          251
     *,^
        Digital     Ally   Inc.
                                             92,198          247
     *
        AMREP   Corp.
                                             41,229          245
     *
        Fuel   Tech   Inc.
                                            195,916           233
     *
        Ballantyne      Strong    Inc.
                                            174,184           200
     *,^
        Workhorse      Group   Inc.
                                            376,786           199
     *
        Rubicon     Technology      Inc.
                                             24,849          196
     *
        Command     Security     Corp.
                                             69,851          196
     *,^
        Capstone     Turbine     Corp.
                                            312,203           187
     *
        Vertex    Energy    Inc.
                                            175,910           179
     *
        Broadwind      Energy    Inc.
                                            134,882           175
     *
        Black   Box  Corp.
                                            161,725           175
     *,^
        Applied     DNA  Sciences     Inc.
                                            423,983           170
     *
        Coda   Octopus     Group   Inc.
                                             28,445          166
     *
        Jewett-Cameron         Trading     Co.  Ltd.
                                             21,200          151
                                256/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Summit    Wireless     Technologies       Inc.
                                             40,430          138
        LSC  Communications         Inc.
                                             17,799          125
     *,^
        Revolution      Lighting     Technologies       Inc.
                                            294,100           116
     *
        Pioneer     Power   Solutions      Inc.
                                             19,717          104
     *
        Continental       Materials      Corp.
                                             8,941          97
     *
        US  Xpress    Enterprises       Inc.   Class   A
                                             15,500           87
     *,^
        DPW  Holdings     Inc.
                                            643,967           66
     *,^
        Research     Frontiers      Inc.
                                             41,627           65
     *
        AeroCentury       Corp.
                                             6,716          64
     *,^
        Marathon     Patent    Group   Inc.
                                            165,563           60
     *
        Huttig    Building     Products     Inc.
                                             32,919           59
     *
        Volt   Information       Sciences     Inc.
                                             27,105           58
     *
        Payment     Data   Systems     Inc.
                                             30,184           50
        Servotronics       Inc.
                                             4,914          49
     *
        LGL  Group   Inc.
                                             7,908          48
                                257/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        ENGlobal     Corp.
                                             79,627           45
     *
        Bio-key     International        Inc.
                                             54,321           41
        Bel  Fuse   Inc.   Class   A
                                             2,773          38
     *
        ASV  Holdings     Inc.
                                             15,986           32
     *
        Energy    Focus   Inc.
                                             40,994           25
     *
        Industrial      Services     of  America     Inc.
                                             22,612           25
     *
        Sypris    Solutions      Inc.
                                             31,729           25
     *
        Air  Industries      Group
                                             30,824           22
     *
        EnSync    Inc.
                                            102,372           18
     *
        Professional       Diversity      Network     Inc.
                                             17,285           17
     *,^
        Boxlight     Corp.   Class   A
                                             12,500           15
     *,^
        Hudson    Technologies       Inc.
                                             8,677           8
     *
        Quest   Resource     Holding     Corp.
                                             2,760           ▶
     *
        Polar   Power   Inc.
                                              700          3
     *,§
        Patriot     National     Inc.
                                            129,819            3
     *
        Cemtrex     Inc.
                                              820          -
     *
        Dorian    LPG  Ltd.
                                                        -
                                               20
                                                   86,436,752
     石油・ガス      (5.0  ％ )
        Exxon   Mobil   Corp.
                                          113,056,417          7,709,317
        Chevron     Corp.
                                          51,040,764         5,552,725
        ConocoPhillips
                                          30,760,203         1,917,899
        EOG  Resources      Inc.
                                          15,497,769         1,351,560
        Schlumberger       Ltd.
                                          36,975,353         1,334,071
        Occidental      Petroleum      Corp.
                                          20,171,504         1,238,127
        Marathon     Petroleum      Corp.
                                          18,457,340         1,089,168
        Phillips     66
                                          11,703,920         1,008,293
        Valero    Energy    Corp.
                                          11,335,926          849,854
        Kinder    Morgan    Inc.
                                          50,105,568          770,624
        Williams     Cos.   Inc.
                                          32,337,588          713,044
        Pioneer     Natural     Resources      Co.
                                           4,556,092          599,217
        ONEOK   Inc.
                                          10,991,047          592,967
        Anadarko     Petroleum      Corp.
                                          13,476,858          590,825
        Halliburton       Co.
                                          22,199,445          590,061
     *
        Concho    Resources      Inc.
                                           5,352,480          550,181
        Diamondback       Energy    Inc.
                                           4,378,462          405,883
     *
        Cheniere     Energy    Inc.
                                           6,170,562          365,236
        Marathon     Oil  Corp.
                                          22,197,527          318,313
        Hess   Corp.
                                           7,519,580          304,543
        Baker   Hughes    ▶ GE  Co.  Class   A
                                          13,693,897          294,419
        Devon   Energy    Corp.
                                          11,848,957          267,075
        Apache    Corp.
                                          10,109,289          265,369
        National     Oilwell     Varco   Inc.
                                          10,202,203          262,197
        Cabot   Oil  & Gas  Corp.
                                          11,481,265          256,606
        Noble   Energy    Inc.
                                          12,791,605          239,971
        HollyFrontier        Corp.
                                           4,617,898          236,067
        Targa   Resources      Corp.
                                           6,105,872          219,934
        OGE  Energy    Corp.
                                           5,318,413          208,429
        Cimarex     Energy    Co.
                                           2,547,695          157,065
                                258/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Helmerich      & Payne   Inc.
                                           2,760,341          132,331
        EQT  Corp.
                                           6,787,163          128,210
     *
        WPX  Energy    Inc.
                                          11,203,775          127,163
     *
        Parsley     Energy    Inc.   Class   A
                                           7,071,139          112,997
     *
        Equitrans      Midstream      Corp.
                                           5,440,902          108,927
        Murphy    Oil  Corp.
                                           4,387,074          102,614
     *,^
        Transocean      Ltd.
                                          14,642,727          101,621
     *
        Continental       Resources      Inc.
                                           2,514,265          101,048
        PBF  Energy    Inc.   Class   A
                                           3,042,241          99,390
     *
        First   Solar   Inc.
                                           1,948,143          82,708
     *
        Newfield     Exploration       Co.
                                           5,324,204          78,053
        Delek   US  Holdings     Inc.
                                           2,177,124          70,778
     ^
        Core   Laboratories       NV
                                           1,179,549          70,372
        Range   Resources      Corp.
                                           6,658,366          63,721
     *
        Antero    Resources      Corp.
                                           6,736,496          63,256
                                259/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Patterson-UTI        Energy    Inc.
                                           5,507,827          57,006
     *
        Apergy    Corp.
                                           2,057,251          55,710
     *
        Whiting     Petroleum      Corp.
                                           2,438,185          55,322
     *
        Centennial      Resource     Development       Inc.   Class   A
                                           4,922,809          54,249
     *
        Chart   Industries      Inc.
                                            830,226         53,990
     *
        Southwestern       Energy    Co.
                                          15,412,202           52,556
     *
        PDC  Energy    Inc.
                                           1,750,731          52,102
     *,^
        Chesapeake      Energy    Corp.
                                          23,229,804           48,783
     *
        Oasis   Petroleum      Inc.
                                           8,455,703          46,760
        SM  Energy    Co.
                                           2,982,827          46,174
     *
        Matador     Resources      Co.
                                           2,804,401          43,552
     ^
        Ensco   plc  Class   A
                                          11,629,243           41,400
     *
        CNX  Resources      Corp.
                                           3,547,881          40,517
     *
        Callon    Petroleum      Co.
                                           6,009,298          39,000
     *
        QEP  Resources      Inc.
                                           6,246,965          35,170
     *
        NOW  Inc.
                                           2,883,349          33,562
     *
        Oceaneering       International        Inc.
                                           2,597,896          31,435
     *
        Arcosa    Inc.
                                           1,116,144          30,906
     *
        SRC  Energy    Inc.
                                           6,445,257          30,293
        McDermott      International        Inc.
                                           4,578,887          29,946
     *
        Magnolia     Oil  & Gas  Corp.
                                           2,648,968          29,695
     *
        Dril-Quip      Inc.
                                            983,182         29,525
        SemGroup     Corp.   Class   A
                                           2,082,876          28,702
     *
        Rowan   Cos.   plc  Class   A
                                           3,369,041          28,266
        CVR  Energy    Inc.
                                            808,421         27,874
     *
        MRC  Global    Inc.
                                           2,274,688          27,819
     *
        ProPetro     Holding     Corp.
                                           2,203,673          27,149
     *
        Cactus    Inc.   Class   A
                                            989,173         27,113
     *
        Gulfport     Energy    Corp.
                                           3,916,155          25,651
        Archrock     Inc.
                                           3,419,375          25,611
     *
        Carrizo     Oil  & Gas  Inc.
                                           2,213,803          24,994
     *
        Renewable      Energy    Group   Inc.
                                            899,589         23,119
     *
        C&J  Energy    Services     Inc.
                                           1,596,149          21,548
     *
        Denbury     Resources      Inc.
                                          12,273,735           20,988
     *
        Oil  States    International        Inc.
                                           1,422,310          20,311
     *
        Helix   Energy    Solutions      Group   Inc.
                                           3,694,700          19,988
     *
        Unit   Corp.
                                           1,319,209          18,838
     *
        Penn   Virginia     Corp.
                                            338,966         18,325
     *
        Northern     Oil  and  Gas  Inc.
                                           8,059,585          18,215
        Nabors    Industries      Ltd.
                                           8,967,801          17,936
     *,^
        Tellurian      Inc.
                                           2,544,628          17,685
     *
        California      Resources      Corp.
                                           1,003,419          17,098
     *
        Laredo    Petroleum      Inc.
                                           4,689,527          16,976
     *
        Noble   Corp.   plc
                                           6,424,982          16,833
     *
        TPI  Composites      Inc.
                                            639,958         15,730
     *
        Tidewater      Inc.
                                            813,318         15,559
     *
        Newpark     Resources      Inc.
                                           2,242,222          15,404
     *,^
        Diamond     Offshore     Drilling     Inc.
                                           1,618,029          15,274
     *
        Exterran     Corp.
                                            850,875         15,060
                                260/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        RPC  Inc.
                                           1,430,113          14,115
     *
        Superior     Energy    Services     Inc.
                                           4,184,455          14,018
        Green   Plains    Inc.
                                           1,032,886          13,541
     *
        WildHorse      Resource     Development       Corp.
                                            945,861         13,346
     *,^
        Resolute     Energy    Corp.
                                            457,673         13,263
     *,^
        Jagged    Peak   Energy    Inc.
                                           1,429,558          13,038
     *
        Par  Pacific     Holdings     Inc.
                                            845,220         11,985
     *
        KLX  Energy    Services     Holdings     Inc.
                                            509,580         11,950
     *
        Matrix    Service     Co.
                                            658,160         11,807
        Liberty     Oilfield     Services     Inc.   Class   A
                                            908,424         11,764
     *,^
        Enphase     Energy    Inc.
                                           2,166,590          10,248
     *
        REX  American     Resources      Corp.
                                            145,927          9,939
     *
        Keane   Group   Inc.
                                           1,203,078           9,841
     *
        Bonanza     Creek   Energy    Inc.
                                            469,584          9,706
     *
        W&T  Offshore     Inc.
                                           2,333,453           9,614
                                261/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Nine   Energy    Service     Inc.
                                            392,059          8,837
     *
        Forum   Energy    Technologies       Inc.
                                           2,128,461           8,791
     *,^
        SunPower     Corp.   Class   A
                                           1,633,340           8,118
     *
        Roan   Resources      Inc.
                                            954,515          7,999
     *
        Talos   Energy    Inc.
                                            487,490          7,956
     ^
        Solaris     Oilfield     Infrastructure         Inc.   Class   A
                                            655,269          7,922
     *
        HighPoint      Resources      Corp.
                                           2,836,688           7,063
     *
        Natural     Gas  Services     Group   Inc.
                                            408,122          6,710
     *
        Ameresco     Inc.   Class   A
                                            472,549          6,663
        Panhandle      Oil  and  Gas  Inc.   Class   A
                                            420,425          6,517
        Mammoth     Energy    Services     Inc.
                                            341,448          6,139
     *
        TETRA   Technologies       Inc.
                                           3,516,988           5,909
     *
        FTS  International        Inc.
                                            828,010          5,887
        Evolution      Petroleum      Corp.
                                            850,210          5,798
     *
        Abraxas     Petroleum      Corp.
                                           4,689,560           5,112
     *,^
        American     Superconductor         Corp.
                                            424,134          4,729
     *
        Trecora     Resources
                                            598,320          4,667
     *
        SilverBow      Resources      Inc.
                                            195,058          4,611
     *
        Green   Brick   Partners     Inc.
                                            624,917          4,524
     *
        Independence       Contract     Drilling     Inc.
                                           1,382,906           4,315
     *
        SEACOR    Marine    Holdings     Inc.
                                            336,561          3,958
     *,^
        Legacy    Reserves     Inc.
                                           2,558,847           3,941
     *
        Chaparral      Energy    Inc.   Class   A
                                            763,888          3,758
     *
        Goodrich     Petroleum      Corp.
                                            265,176          3,580
     *,^
        Plug   Power   Inc.
                                           2,389,426           2,963
     *
        Geospace     Technologies       Corp.
                                            271,004          2,794
        Berry   Petroleum      Corp.
                                            319,148          2,793
     *,^
        Bristow     Group   Inc.
                                           1,026,587           2,495
     *
        Gulf   Island    Fabrication       Inc.
                                            342,749          2,475
     *
        Infrastructure         and  Energy    Alternatives       Inc.
                                            296,274          2,426
     *
        Contango     Oil  & Gas  Co.
                                            694,493          2,257
     *,^
        Comstock     Resources      Inc.
                                            469,715          2,128
        Adams   Resources      & Energy    Inc.
                                             52,702         2,040
     *
        Isramco     Inc.
                                             17,203         2,039
     *
        Earthstone      Energy    Inc.   Class   A
                                            446,981          2,020
     *
        Dawson    Geophysical       Co.
                                            580,779          1,963
     *
        Altus   Midstream      Co.  Class   A
                                            240,505          1,859
     *
        NCS  Multistage      Holdings     Inc.
                                            323,026          1,644
     *
        Lonestar     Resources      US  Inc.   Class   A
                                            442,746          1,616
     *,^
        FuelCell     Energy    Inc.
                                           2,644,061           1,456
     *,^
        EP  Energy    Corp.   Class   A
                                           1,635,435           1,145
     *
        Ring   Energy    Inc.
                                            188,279           956
     *,^
        US  Well   Services     Inc.
                                            139,200           905
     *
        Ranger    Energy    Services     Inc.
                                            174,110           900
     *
        Quintana     Energy    Services     Inc.
                                            240,859           833
     *
        SandRidge      Energy    Inc.
                                            107,291           816
     *
        VAALCO    Energy    Inc.
                                            518,252           762
     *,^
        Approach     Resources      Inc.
                                            543,177           474
     *
        Hornbeck     Offshore     Services     Inc.
                                            304,438           438
                                262/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Superior     Drilling     Products     Inc.
                                            341,897           400
     *
        Pioneer     Energy    Services     Corp.
                                            322,269           396
     *
        ION  Geophysical       Corp.
                                             71,876          372
     *,^
        Torchlight      Energy    Resources      Inc.
                                            496,202           280
     *
        Mitcham     Industries      Inc.
                                            103,443           265
     *
        Rosehill     Resources      Inc.   Class   A
                                             83,245          186
     *,^
        Talos   Energy    Inc.   Warrants     Exp.   02/28/2021
                                            116,107           131
     *,^
        Zion   Oil  & Gas  Inc.
                                            264,857           111
     *,^
        Enservco     Corp.
                                            243,940           90
     *,^
        PHI  Inc.
                                             38,724           87
     *,^
        Ideal   Power   Inc.
                                             94,214           23
     *
        Flotek    Industries      Inc.
                                             16,578           18
     *
        Tidewater      Inc.   Warrants     Series    A
                                             8,839          15
     *
        Tidewater      Inc.   Warrants     Series    B
                                             9,555          13
     *
        PEDEVCO     Corp.
                                             8,400           6
                                263/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        SAExploration        Holdings     Inc.
                                             1,505           3
     *
        PrimeEnergy       Corp.
                                               17         1
     *,^
        Bonanza     Creek   Energy    Inc.   Warrants     Exp.   04/28/2020
                                             33,839           1
     *
        Jones   Energy    Inc.   Class   A
                                              782          -
     *
        Basic   Energy    Services     Inc.   Warrants     Exp.   12/23/2023
                                             4,640           -
     *,§
        Rex  Energy    Corp.
                                              302          -
     *,^
        Covia   Holdings     Corp.
                                                1         -
     *,^,§
        Harvest     Natural     Resources      Inc.
                                                        -
                                             51,829
                                                   33,574,222
             2
     その他    (0.0  ％ )
     *,§
        Herbalife      Ltd.   CVR
                                            234,057          2,270
     *,§
        A Schulman     Inc.   CVR
                                            659,182          1,259
     *,^,§
        Tobira    Therapeutics       CVR  Exp.   12/31/2028
                                            201,001           911
     *,^,§
        Ocera   Therapeutics       CVR  Line
                                            653,477           176
     *,§
        NewStar     Financial      Inc.   CVR
                                            551,185           143
     *
        Corium    CVR
                                            782,067           141
     *,§
        Ambit   Biosciences       Corp.   CVR
                                            201,330           121
     *,§
        Media   General     Inc.   CVR
                                           2,351,934             91
     *,§
        Omthera     Pharmaceuticals         Inc.   CVR
                                            121,311           73
     *,§
        Social    Reality     Inc.   Rights    Exp.   12/31/2019
                                            148,260           27
     *,§
        Alexza    Pharmaceuticals         Inc.   CVR
                                            327,391           11
     *,§
        Seventy     Seven   Energy    Inc.   Escrow    Line
                                             7,222           1
     *,§
        Clinical     Data   CVR
                                            216,285            -
     *,§
        Adolor    Corp.   Rights    Exp.   07/01/2019
                                            592,629            -
     *,^,§
        Biosante     Pharmaceutical         Inc.   CVR
                                            253,823            -
     *
        Kadmon    Warrants     Exp.   09/29/2022
                                            169,257            -
     *,§
        NuPathe     Inc.   CVR
                                            158,681            -
     *
        Advaxis     Inc.   Warrants     Exp.   09/11/2024
                                                        -
                                            157,659
                                                      5,224
     テクノロジー       (19.3   ％ )
        Microsoft      Corp.
                                          206,471,453         20,971,305
        Apple   Inc.
                                          114,093,756         17,997,149
     *
        Facebook     Inc.   Class   A
                                          64,181,484         8,413,551
     *
        Alphabet     Inc.   Class   A
                                           7,987,157         8,346,260
     *
        Alphabet     Inc.   Class   C
                                           7,938,287         8,220,969
        Intel   Corp.
                                          121,924,450          5,721,914
        Cisco   Systems     Inc.
                                          120,089,777          5,203,490
        Oracle    Corp.
                                          70,840,246         3,198,437
     *
        Adobe   Inc.
                                          13,040,518         2,950,287
        International        Business     Machines     Corp.
                                          24,277,551         2,759,629
        Broadcom     Inc.
                                          10,493,014         2,668,164
     *
        salesforce.com         Inc.
                                          19,415,586         2,659,353
        Texas   Instruments       Inc.
                                          25,658,297         2,424,709
        NVIDIA    Corp.
                                          15,482,119         2,066,863
        QUALCOMM     Inc.
                                          32,379,778         1,842,733
        Intuit    Inc.
                                           6,585,915         1,296,437
        Cognizant      Technology      Solutions      Corp.   Class   A
                                          15,470,283          982,054
     *
        Micron    Technology      Inc.
                                          30,300,271          961,428
        HP  Inc.
                                          42,246,996          864,374
                                264/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Applied     Materials      Inc.
                                          26,262,362          859,830
     *
        ServiceNow      Inc.
                                           4,790,815          853,005
        Analog    Devices     Inc.
                                           9,883,224          848,277
     *
        Red  Hat  Inc.
                                           4,715,235          828,184
     *
        Autodesk     Inc.
                                           5,840,730          751,176
        Corning     Inc.
                                          21,388,016          646,132
     *
        Workday     Inc.   Class   A
                                           3,981,782          635,811
        Xilinx    Inc.
                                           6,760,219          575,768
        Lam  Research     Corp.
                                           4,145,768          564,529
     *
        Twitter     Inc.
                                          18,308,384          526,183
        Hewlett     Packard     Enterprise      Co.
                                          39,301,372          519,171
        Motorola     Solutions      Inc.
                                           4,363,663          501,996
     *
        Advanced     Micro   Devices     Inc.
                                          25,377,737          468,473
     ^
        Microchip      Technology      Inc.
                                           6,319,140          454,473
     *
        Palo   Alto   Networks     Inc.
                                           2,394,181          450,944
                                265/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Cerner    Corp.
                                           8,366,529          438,741
     *
        VeriSign     Inc.
                                           2,907,099          431,094
        Harris    Corp.
                                           3,138,824          422,643
     *
        Splunk    Inc.
                                           3,913,358          410,316
        NetApp    Inc.
                                           6,716,627          400,781
        DXC  Technology      Co.
                                           7,486,678          398,067
     *
        IAC/InterActiveCorp
                                           2,073,642          379,559
        Maxim   Integrated      Products     Inc.
                                           7,400,696          376,325
        KLA-Tencor      Corp.
                                           4,084,860          365,554
        Citrix    Systems     Inc.
                                           3,415,481          349,950
     *
        Synopsys     Inc.
                                           3,971,071          334,523
     *
        Cadence     Design    Systems     Inc.
                                           7,546,303          328,113
        CDW  Corp.
                                           4,011,628          325,142
     *
        ANSYS   Inc.
                                           2,230,098          318,770
        Skyworks     Solutions      Inc.
                                           4,747,702          318,191
        Symantec     Corp.
                                          16,196,458          306,032
     *
        Arista    Networks     Inc.
                                           1,409,656          297,014
     *
        Gartner     Inc.
                                           2,302,312          294,328
     *
        Veeva   Systems     Inc.   Class   A
                                           3,253,391          290,593
        VMware    Inc.   Class   A
                                           2,027,441          278,023
     *
        GoDaddy     Inc.   Class   A
                                           4,231,820          277,692
     *
        Fortinet     Inc.
                                           3,854,252          271,455
        SS&C   Technologies       Holdings     Inc.
                                           5,999,489          270,637
        Western     Digital     Corp.
                                           7,317,660          270,534
        Marvell     Technology      Group   Ltd.
                                          16,647,560          269,524
        Seagate     Technology      plc
                                           6,854,022          264,497
     *
        F5  Networks     Inc.
                                           1,612,967          261,349
     *
        Akamai    Technologies       Inc.
                                           4,119,734          251,633
        Juniper     Networks     Inc.
                                           9,182,752          247,108
     *
        PTC  Inc.
                                           2,842,753          235,664
     *
        Tableau     Software     Inc.   Class   A
                                           1,905,859          228,703
        Leidos    Holdings     Inc.
                                           3,995,734          210,655
     *
        Qorvo   Inc.
                                           3,326,026          201,990
     *
        Ultimate     Software     Group   Inc.
                                            790,269         193,513
     *
        ON  Semiconductor        Corp.
                                          11,208,426          185,051
     *
        Tyler   Technologies       Inc.
                                            980,923         182,275
     *,^
        Twilio    Inc.   Class   A
                                           2,003,301          178,895
     *
        Guidewire      Software     Inc.
                                           2,157,588          173,103
     *
        Dell   Technologies       Inc.
                                           3,409,565          166,625
     *
        Integrated      Device    Technology      Inc.
                                           3,438,371          166,520
        CDK  Global    Inc.
                                           3,428,010          164,133
     *
        Paycom    Software     Inc.
                                           1,329,799          162,834
     *
        EPAM   Systems     Inc.
                                           1,369,194          158,840
     *
        Zendesk     Inc.
                                           2,714,375          158,438
     *
        Okta   Inc.
                                           2,463,128          157,148
     *
        Aspen   Technology      Inc.
                                           1,882,954          154,741
        Teradyne     Inc.
                                           4,764,000          149,494
     *
        Nutanix     Inc.
                                           3,580,677          148,920
     *
        RingCentral       Inc.   Class   A
                                           1,735,872          143,105
                                266/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        athenahealth       Inc.
                                           1,079,610          142,433
     *
        ARRIS   International        plc
                                           4,390,261          134,210
     *
        Ciena   Corp.
                                           3,798,120          128,794
     *
        HubSpot     Inc.
                                            993,712         124,939
        Monolithic      Power   Systems     Inc.
                                           1,073,106          124,749
        Cypress     Semiconductor        Corp.
                                           9,655,741          122,821
     *
        Proofpoint      Inc.
                                           1,454,947          121,939
     *
        Teradata     Corp.
                                           3,160,109          121,222
     *
        Cree   Inc.
                                           2,737,593          117,101
        LogMeIn     Inc.
                                           1,363,275          111,202
        Entegris     Inc.
                                           3,763,959          104,996
     *
        Medidata     Solutions      Inc.
                                           1,548,084          104,372
     *
        Nuance    Communications         Inc.
                                           7,672,139          101,502
     *
        RealPage     Inc.
                                           1,998,908          96,327
     *
        CACI   International        Inc.   Class   A
                                            658,939         94,907
                                267/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        MKS  Instruments       Inc.
                                           1,438,555          92,945
     *
        Coupa   Software     Inc.
                                           1,470,969          92,465
     *
        New  Relic   Inc.
                                           1,138,300          92,168
     *
        DocuSign     Inc.   Class   A
                                           2,292,219          91,872
     *
        Silicon     Laboratories       Inc.
                                           1,148,594          90,521
     *,^
        ViaSat    Inc.
                                           1,509,327          88,975
        SYNNEX    Corp.
                                           1,090,506          88,156
     *
        Pure   Storage     Inc.   Class   A
                                           5,478,283          88,091
     *,^
        Snap   Inc.
                                          15,675,511           86,372
        j2  Global    Inc.
                                           1,243,142          86,249
     *
        CommScope      Holding     Co.  Inc.
                                           5,123,208          83,969
     *
        Lumentum     Holdings     Inc.
                                           1,987,966          83,514
     *
        Tech   Data   Corp.
                                           1,019,712          83,423
     *
        Dropbox     Inc.   Class   A
                                           4,032,912          82,392
        Blackbaud      Inc.
                                           1,296,397          81,543
     *
        ACI  Worldwide      Inc.
                                           2,926,934          80,988
     *
        FireEye     Inc.
                                           4,988,070          80,857
     *
        Semtech     Corp.
                                           1,752,484          80,386
     *
        Manhattan      Associates      Inc.
                                           1,742,409          73,826
     *
        Verint    Systems     Inc.
                                           1,728,595          73,137
     *
        2U  Inc.
                                           1,464,509          72,815
     *
        NCR  Corp.
                                           3,140,685          72,487
        Science     Applications       International        Corp.
                                           1,129,585          71,955
     *
        Cornerstone       OnDemand     Inc.
                                           1,399,426          70,573
        Cabot   Microelectronics          Corp.
                                            724,725         69,103
     *
        Finisar     Corp.
                                           3,135,149          67,719
     *
        Qualys    Inc.
                                            894,855         66,881
     *
        CommVault      Systems     Inc.
                                           1,113,345          65,788
     *
        Five9   Inc.
                                           1,482,752          64,826
        Perspecta      Inc.
                                           3,726,073          64,163
     *
        Premier     Inc.   Class   A
                                           1,696,211          63,353
        InterDigital       Inc.
                                            925,169         61,459
     *
        Viavi   Solutions      Inc.
                                           6,053,510          60,838
     *,^
        MongoDB     Inc.
                                            709,395         59,405
     *
        Ellie   Mae  Inc.
                                            929,898         58,425
     ^
        Match   Group   Inc.
                                           1,355,756          57,986
     *
        Box  Inc.
                                           3,403,874          57,457
     *
        Envestnet      Inc.
                                           1,158,002          56,962
     *
        Alteryx     Inc.   Class   A
                                            949,855         56,488
     *
        Bottomline      Technologies       DE  Inc.
                                           1,144,216          54,922
     *
        Cirrus    Logic   Inc.
                                           1,603,790          53,214
     *
        Zscaler     Inc.
                                           1,295,250          50,787
        Cogent    Communications         Holdings     Inc.
                                           1,112,411          50,292
        Pegasystems       Inc.
                                           1,047,138          50,085
     *
        Alarm.com      Holdings     Inc.
                                            955,378         49,555
        Brooks    Automation      Inc.
                                           1,880,571          49,233
     *
        Q2  Holdings     Inc.
                                            972,269         48,176
     *
        EchoStar     Corp.   Class   A
                                           1,297,555          47,646
     *
        NetScout     Systems     Inc.
                                           1,985,633          46,920
                                268/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        SailPoint      Technologies       Holding     Inc.
                                           1,985,698          46,644
        Power   Integrations       Inc.
                                            737,494         44,972
     *
        Allscripts      Healthcare      Solutions      Inc.
                                           4,643,594          44,764
     *
        Advanced     Energy    Industries      Inc.
                                           1,028,729          44,163
     *
        Avaya   Holdings     Corp.
                                           2,911,682          42,394
        Progress     Software     Corp.
                                           1,182,936          41,982
     *
        NETGEAR     Inc.
                                            796,714         41,453
     *
        Everbridge      Inc.
                                            710,477         40,327
     *
        Varonis     Systems     Inc.
                                            747,796         39,558
     *
        Apptio    Inc.   Class   A
                                           1,022,286          38,806
     *
        Blackline      Inc.
                                            941,136         38,540
     *
        SPS  Commerce     Inc.
                                            465,388         38,339
     ^
        Ubiquiti     Networks     Inc.
                                            384,083         38,182
     *,^
        Ceridian     HCM  Holding     Inc.
                                           1,106,454          38,162
     *
        Insight     Enterprises       Inc.
                                            935,948         38,140
                                269/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Cloudera     Inc.
                                           3,279,391          36,270
     *,^
        Inphi   Corp.
                                           1,104,989          35,525
     *
        Synaptics      Inc.
                                            915,242         34,056
     *
        Diodes    Inc.
                                           1,034,307          33,367
     *
        SendGrid     Inc.
                                            761,723         32,884
     *
        Rapid7    Inc.
                                           1,027,744          32,024
     *
        Instructure       Inc.
                                            838,016         31,434
     *
        Blucora     Inc.
                                           1,172,050          31,223
     *
        MicroStrategy        Inc.   Class   A
                                            240,400         30,711
     *
        Acacia    Communications         Inc.
                                            799,153         30,368
     *
        Vocera    Communications         Inc.
                                            766,727         30,171
     *
        Virtusa     Corp.
                                            707,449         30,130
        Plantronics       Inc.
                                            900,208         29,797
     *,^
        3D  Systems     Corp.
                                           2,903,549          29,529
        Pitney    Bowes   Inc.
                                           4,964,771          29,342
        TiVo   Corp.
                                           3,084,039          29,021
     *
        Electronics       For  Imaging     Inc.
                                           1,159,795          28,763
     *
        LivePerson      Inc.
                                           1,503,108          28,349
     *
        MaxLinear      Inc.
                                           1,601,262          28,182
     *
        FormFactor      Inc.
                                           1,960,792          27,628
     *
        Hortonworks       Inc.
                                           1,895,500          27,333
     *
        Tabula    Rasa   HealthCare      Inc.
                                            428,501         27,321
        CSG  Systems     International        Inc.
                                            847,606         26,928
     *
        Zuora   Inc.   Class   A
                                           1,460,971          26,502
     *
        PROS   Holdings     Inc.
                                            838,957         26,343
     *
        Workiva     Inc.
                                            718,304         25,780
        Ebix   Inc.
                                            586,970         24,981
     *
        ePlus   Inc.
                                            349,545         24,877
     *
        Pivotal     Software     Inc.   Class   A
                                           1,521,496          24,876
     *
        Appfolio     Inc.
                                            404,016         23,926
     *,^
        Benefitfocus       Inc.
                                            518,045         23,685
        Xperi   Corp.
                                           1,273,879          23,427
     *
        Cray   Inc.
                                           1,068,029          23,059
     *
        Boingo    Wireless     Inc.
                                           1,115,106          22,938
     *
        Cision    Ltd.
                                           1,927,388          22,550
     *
        ScanSource      Inc.
                                            655,509         22,536
     *
        Altair    Engineering       Inc.   Class   A
                                            801,848         22,115
     *
        Lattice     Semiconductor        Corp.
                                           3,185,055          22,041
     *
        Carbonite      Inc.
                                            853,682         21,564
     *
        Yext   Inc.
                                           1,435,784          21,321
     *
        NextGen     Healthcare      Inc.
                                           1,368,007          20,725
        NIC  Inc.
                                           1,637,460          20,435
     *
        ForeScout      Technologies       Inc.
                                            780,249         20,279
     *
        Infinera     Corp.
                                           4,725,157          18,853
     *
        Extreme     Networks     Inc.
                                           3,059,283          18,662
     *
        Perficient      Inc.
                                            827,035         18,410
     *,^
        Appian    Corp.   Class   A
                                            677,843         18,105
        Shutterstock       Inc.
                                            500,507         18,023
     *
        Photronics      Inc.
                                           1,748,545          16,926
                                270/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Nanometrics       Inc.
                                            617,655         16,880
        Monotype     Imaging     Holdings     Inc.
                                           1,039,885          16,139
        Cohu   Inc.
                                           1,001,961          16,101
     *
        Unisys    Corp.
                                           1,331,348          15,484
     *
        Rudolph     Technologies       Inc.
                                            754,852         15,452
     *
        Amkor   Technology      Inc.
                                           2,353,828          15,441
     *
        Axcelis     Technologies       Inc.
                                            799,789         14,236
        Comtech     Telecommunications           Corp.
                                            563,804         13,723
     *,^
        Elastic     NV
                                            188,937         13,505
        ADTRAN    Inc.
                                           1,238,362          13,300
     *
        Anaplan     Inc.
                                            495,938         13,162
     *
        Calix   Inc.
                                           1,276,368          12,445
        Presidio     Inc.
                                            952,452         12,429
     *
        Upland    Software     Inc.
                                            454,865         12,363
     *
        CEVA   Inc.
                                            545,479         12,050
                                271/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        Loral   Space   & Communications         Inc.
                                            322,342         12,007
        Forrester      Research     Inc.
                                            265,275         11,858
     *
        Bandwidth      Inc.   Class   A
                                            287,780         11,727
     *
        Endurance      International        Group   Holdings     Inc.
                                           1,692,086          11,252
     *
        Mitek   Systems     Inc.
                                           1,023,377          11,063
     *
        CalAmp    Corp.
                                            844,747         10,990
     *
        OneSpan     Inc.
                                            842,468         10,910
     *
        Rosetta     Stone   Inc.
                                            640,427         10,503
     *
        Harmonic     Inc.
                                           2,173,682          10,260
        Computer     Programs     & Systems     Inc.
                                            401,466         10,077
        QAD  Inc.   Class   A
                                            255,442         10,047
     *,^
        Ichor   Holdings     Ltd.
                                            607,864          9,908
        Hackett     Group   Inc.
                                            614,538          9,839
     ^
        ConvergeOne       Holdings     Inc.
                                            783,126          9,695
        Systemax     Inc.
                                            392,738          9,382
     *
        ChannelAdvisor         Corp.
                                            816,737          9,270
     *
        Quantenna      Communications         Inc.
                                            634,332          9,103
        PC  Connection      Inc.
                                            302,975          9,007
     *
        Casa   Systems     Inc.
                                            684,167          8,983
     *
        Zix  Corp.
                                           1,526,903           8,749
     *
        Meet   Group   Inc.
                                           1,845,370           8,544
     *
        KeyW   Holding     Corp.
                                           1,268,967           8,489
        Switch    Inc.
                                           1,212,436           8,487
     *
        Smartsheet      Inc.   Class   A
                                            334,021          8,304
     *,^
        Eventbrite      Inc.   Class   A
                                            298,372          8,298
     *
        Agilysys     Inc.
                                            578,517          8,296
     *
        Digi   International        Inc.
                                            816,590          8,239
     *
        Tenable     Holdings     Inc.
                                            363,299          8,062
     *
        Vectrus     Inc.
                                            369,581          7,976
     *
        Brightcove      Inc.
                                           1,127,529           7,938
     *,^
        TransEnterix       Inc.
                                           3,435,475           7,764
        American     Software     Inc.   Class   A
                                            734,558          7,676
     *
        DSP  Group   Inc.
                                            658,069          7,370
     *
        Ooma   Inc.
                                            523,409          7,265
     *
        NeoPhotonics       Corp.
                                           1,102,569           7,145
     *
        Immersion      Corp.
                                            780,419          6,993
        Simulations       Plus   Inc.
                                            344,555          6,857
     *
        Amber   Road   Inc.
                                            828,513          6,819
     *
        PDF  Solutions      Inc.
                                            796,508          6,715
     *
        Alpha   & Omega   Semiconductor        Ltd.
                                            647,896          6,602
     *
        Ribbon    Communications         Inc.
                                           1,344,720           6,482
     *
        Limelight      Networks     Inc.
                                           2,677,555           6,265
     *
        USA  Technologies       Inc.
                                           1,583,185           6,159
     *,^
        SVMK   Inc.
                                            491,275          6,028
     *
        PAR  Technology      Corp.
                                            271,140          5,897
     *
        Model   N Inc.
                                            445,201          5,890
     *
        KVH  Industries      Inc.
                                            533,364          5,488
     ^
        Diebold     Nixdorf     Inc.
                                           2,174,945           5,416
     *
        I3  Verticals      Inc.   Class   A
                                            224,048          5,400
                                272/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Inseego     Corp.
                                           1,281,857           5,320
     *,^
        Domo   Inc.
                                            259,987          5,104
     *
        Aquantia     Corp.
                                            537,227          4,711
     *
        AXT  Inc.
                                           1,021,165           4,442
     *
        Telenav     Inc.
                                           1,064,501           4,322
     *
        Aerohive     Networks     Inc.
                                           1,301,751           4,244
        Preformed      Line   Products     Co.
                                             77,646         4,212
        AstroNova      Inc.
                                            221,491          4,153
     *
        SecureWorks       Corp.   Class   A
                                            236,021          3,986
     *
        MobileIron      Inc.
                                            856,575          3,932
     *
        A10  Networks     Inc.
                                            606,164          3,782
     *,^
        VirnetX     Holding     Corp.
                                           1,536,400           3,687
     *
        Ultra   Clean   Holdings     Inc.
                                            422,797          3,581
     *
        RigNet    Inc.
                                            260,354          3,291
     *
        eGain   Corp.
                                            486,960          3,199
                                273/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        Adesto    Technologies       Corp.
                                            716,531          3,153
     *
        EMCORE    Corp.
                                            727,792          3,057
     *
        Clearfield      Inc.
                                            305,057          3,026
     *
        Telaria     Inc.
                                           1,104,370           3,015
     *
        Tucows    Inc.   Class   A
                                             49,142         2,951
     *,^
        Internap     Corp.
                                            679,210          2,819
     *
        VOXX   International        Corp.   Class   A
                                            703,399          2,785
     *
        Rambus    Inc.
                                            362,634          2,781
     *
        Pixelworks      Inc.
                                            954,893          2,769
     *
        Exela   Technologies       Inc.
                                            711,591          2,768
     *
        DASAN   Zhone   Solutions      Inc.
                                            188,838          2,627
     *
        GSI  Technology      Inc.
                                            465,560          2,393
     *
        SharpSpring       Inc.
                                            185,762          2,365
     *
        ID  Systems     Inc.
                                            417,726          2,335
     *,^
        Airgain     Inc.
                                            223,147          2,211
     *,^
        Park   City   Group   Inc.
                                            368,561          2,200
     *
        Great   Elm  Capital     Group   Inc.
                                            624,106          2,109
     *
        ACM  Research     Inc.   Class   A
                                            193,846          2,109
     *,^
        Applied     Optoelectronics         Inc.
                                            132,326          2,042
        TESSCO    Technologies       Inc.
                                            159,219          1,911
        TransAct     Technologies       Inc.
                                            211,460          1,899
     *,^
        Everspin     Technologies       Inc.
                                            322,450          1,809
     *,^
        Fusion    Connect     Inc.
                                           1,071,837           1,801
     *
        Amtech    Systems     Inc.
                                            385,770          1,748
     *
        Key  Tronic    Corp.
                                            304,070          1,718
     *
        NetSol    Technologies       Inc.
                                            277,534          1,707
        GlobalSCAPE       Inc.
                                            378,890          1,697
     *
        Rimini    Street    Inc.
                                            325,063          1,674
     *
        Computer     Task   Group   Inc.
                                            407,746          1,664
     *
        LRAD   Corp.
                                            644,065          1,623
     *
        Aviat   Networks     Inc.
                                            122,447          1,622
     *
        Finjan    Holdings     Inc.
                                            639,801          1,606
     *
        RumbleON     Inc.   Class   B
                                            295,778          1,591
     *
        inTEST    Corp.
                                            241,044          1,478
     *
        Aware   Inc.
                                            406,847          1,469
     *
        Support.com       Inc.
                                            561,252          1,381
     *,^
        Impinj    Inc.
                                             90,225         1,313
     *
        Seachange      International        Inc.
                                           1,040,931           1,312
     *
        Synacor     Inc.
                                            885,396          1,310
     *,^
        QuickLogic      Corp.
                                           1,644,442           1,207
        QAD  Inc.   Class   B
                                             39,531         1,167
     *
        Majesco
                                            157,868          1,119
     *
        Identiv     Inc.
                                            308,510          1,111
     *,^
        Veritone     Inc.
                                            270,146          1,027
     *
        Innodata     Inc.
                                            643,214           965
     *
        Lantronix      Inc.
                                            311,918           917
     *
        WideOpenWest       Inc.
                                            125,680           896
     *
        Data   I/O  Corp.
                                            173,820           869
     *,^
        Smith   Micro   Software     Inc.
                                            471,123           848
                                274/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Wayside     Technology      Group   Inc.
                                             83,158          832
     *,^
        Atomera     Inc.
                                            284,266           816
     *
        Alithya     Group   Inc.   Class   A
                                            326,419           774
     *,^
        nLight    Inc.
                                             41,105          731
     *
        Intelligent       Systems     Corp.
                                             52,948          684
     *
        Aehr   Test   Systems
                                            428,242           604
     *,^
        Red  Violet    Inc.
                                             87,451          589
     *
        CynergisTek       Inc.
                                            110,248           523
     *
        Mastech     Digital     Inc.
                                             82,130          517
     *
        RCM  Technologies       Inc.
                                            159,911           496
        BK  Technologies       Inc.
                                            131,368           493
     *
        WidePoint      Corp.
                                           1,141,609            476
     *
        Kopin   Corp.
                                            475,143           475
     *
        Neurotrope      Inc.
                                            132,689           474
        CSP  Inc.
                                             46,940          459
                                275/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *
        GSE  Systems     Inc.
                                            209,878           441
     *,^
        Intellicheck       Inc.
                                            196,842           421
     *,^
        SITO   Mobile    Ltd.
                                            442,391           398
     *
        Icad   Inc.
                                            102,068           378
     *
        Avalara     Inc.
                                             11,995          374
        Network-1      Technologies       Inc.
                                            160,430           358
     *
        BSQUARE     Corp.
                                            220,173           341
     *
        Inuvo   Inc.
                                            275,566           295
     *
        Intermolecular         Inc.
                                            237,326           240
        ClearOne     Inc.
                                            190,824           239
     *
        Optical     Cable   Corp.
                                             54,796          209
     *
        Castlight      Health    Inc.   Class   B
                                             94,575          205
     *,^
        Ominto    Inc.
                                            265,206           183
     *
        FTE  Networks     Inc.
                                             76,480          179
     *,^
        Gogo   Inc.
                                             53,600          160
     *
        One  Stop   Systems     Inc.
                                             82,010          159
     *
        Digimarc     Corp.
                                             9,978          145
     *
        AudioEye     Inc.
                                             14,532          124
     *,^
        NXT-ID    Inc.
                                            175,954           120
     *
        CVD  Equipment      Corp.
                                             21,000           75
     *
        Xcel   Brands    Inc.
                                             38,685           44
     *
        ADDvantage      Technologies       Group   Inc.
                                             29,519           41
     *
        Trio-Tech      International
                                             15,252           38
     *
        Qumu   Corp.
                                             15,217           29
     *
        BroadVision       Inc.
                                             20,868           24
     *
        Qualstar     Corp.
                                             4,300          23
     *
        Quantum     Corp.
                                             6,550          13
     *
        Streamline      Health    Solutions      Inc.
                                             16,133           12
     *
        SilverSun      Technologies       Inc.
                                             2,301           5
        Sigma   Designs     Inc.
                                             33,890           5
     *,^
        Neonode     Inc.
                                                        -
                                                1
                                                  129,856,855
     通信サービス       (2.0  ％ )
        Verizon     Communications         Inc.
                                          110,381,847          6,205,667
        AT&T   Inc.
                                          194,426,250          5,548,925
     *
        T-Mobile     US  Inc.
                                           7,923,046          503,985
        CenturyLink       Inc.
                                          25,951,362          393,163
     *
        Zayo   Group   Holdings     Inc.
                                           5,364,348          122,522
     *,^
        Sprint    Corp.
                                          16,251,487           94,584
        Telephone      & Data   Systems     Inc.
                                           2,527,027          82,229
        Shenandoah      Telecommunications           Co.
                                           1,240,394          54,887
     *
        Vonage    Holdings     Corp.
                                           5,774,774          50,414
     *
        Intelsat     SA
                                           2,197,609          47,007
     *
        Iridium     Communications         Inc.
                                           2,518,809          46,472
     *
        8x8  Inc.
                                           2,427,820          43,798
     *,^
        GTT  Communications         Inc.
                                           1,169,509          27,671
     *
        United    States    Cellular     Corp.
                                            418,682         21,759
        ATN  International        Inc.
                                            273,281         19,548
     *
        ORBCOMM     Inc.
                                           1,999,068          16,512
                                276/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        pdvWireless       Inc.
                                            336,231         12,572
        Spok   Holdings     Inc.
                                            648,636          8,601
     *,^
        Pareteum     Corp.
                                           2,327,685           3,934
        Consolidated       Communications         Holdings     Inc.
                                            387,885          3,832
     *
        HC2  Holdings     Inc.
                                           1,293,005           3,414
        IDT  Corp.   Class   B
                                            458,358          2,837
     ^
        Windstream      Holdings     Inc.
                                           1,198,699           2,505
     *
        Alaska    Communications         Systems     Group   Inc.
                                           1,208,737           1,741
     *
        Otelco    Inc.   Class   A
                                             54,117          875
     *
        CPS  Technologies       Corp.
                                             97,017          115
     *
        Cincinnati      Bell   Inc.
                                                        21
                                             2,660
                                                   13,319,590
     公益事業     (3.3  ％ )
        NextEra     Energy    Inc.
                                          12,766,495         2,219,072
        Duke   Energy    Corp.
                                          19,038,397         1,643,014
                                277/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
        Dominion     Energy    Inc.
                                          17,543,347         1,253,648
        Southern     Co.
                                          27,095,393         1,190,030
        Exelon    Corp.
                                          25,778,869         1,162,627
        American     Electric     Power   Co.  Inc.
                                          13,165,344          983,978
        Sempra    Energy
                                           6,944,944          751,373
        Public    Service     Enterprise      Group   Inc.
                                          13,503,550          702,860
        Xcel   Energy    Inc.
                                          13,709,331          675,459
        Consolidated       Edison    Inc.
                                           8,685,562          664,098
        WEC  Energy    Group   Inc.
                                           8,426,412          583,613
        Eversource      Energy
                                           8,463,740          550,482
        PPL  Corp.
                                          19,227,679          544,720
        DTE  Energy    Co.
                                           4,855,381          535,548
        FirstEnergy       Corp.
                                          13,657,268          512,830
        Edison    International
                                           8,708,798          494,398
        American     Water   Works   Co.  Inc.
                                           4,823,296          437,811
        Ameren    Corp.
                                           6,515,787          425,025
        Entergy     Corp.
                                           4,824,531          415,247
        Evergy    Inc.
                                           7,100,082          403,072
        CenterPoint       Energy    Inc.
                                          13,389,768          377,993
        CMS  Energy    Corp.
                                           7,555,427          375,127
     *
        PG&E   Corp.
                                          13,844,520          328,807
        NRG  Energy    Inc.
                                           7,341,722          290,732
        Atmos   Energy    Corp.
                                           2,991,182          277,342
     *
        Alliant     Energy    Corp.
                                           6,280,486          265,351
        AES  Corp.
                                          17,613,693          254,694
        Pinnacle     West   Capital     Corp.
                                           2,977,580          253,690
        NiSource     Inc.
                                           9,849,815          249,693
        UGI  Corp.
                                           4,662,022          248,719
     *
        Vistra    Energy    Corp.
                                          10,751,315          246,098
        SCANA   Corp.
                                           3,735,180          178,467
        Aqua   America     Inc.
                                           4,742,100          162,132
        Vectren     Corp.
                                           2,207,935          158,927
        IDACORP     Inc.
                                           1,346,799          125,333
        ONE  Gas  Inc.
                                           1,399,718          111,418
        New  Jersey    Resources      Corp.
                                           2,388,996          109,105
        Portland     General     Electric     Co.
                                           2,373,720          108,835
        Hawaiian     Electric     Industries      Inc.
                                           2,908,845          106,522
        ALLETE    Inc.
                                           1,370,566          104,465
        National     Fuel   Gas  Co.
                                           2,010,727          102,909
        Southwest      Gas  Holdings     Inc.
                                           1,331,482          101,858
        Black   Hills   Corp.
                                           1,596,779          100,246
        Spire   Inc.
                                           1,301,899          96,445
        PNM  Resources      Inc.
                                           2,126,465          87,376
        Avangrid     Inc.
                                           1,683,599          84,331
        NorthWestern       Corp.
                                           1,339,214          79,603
        Avista    Corp.
                                           1,747,366          74,228
        American     States    Water   Co.
                                            966,006         64,761
        South   Jersey    Industries      Inc.
                                           2,288,870          63,631
        California      Water   Service     Group
                                           1,270,275          60,541
                                278/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Ormat   Technologies       Inc.
                                           1,077,708          56,364
        MGE  Energy    Inc.
                                            932,888         55,936
        El  Paso   Electric     Co.
                                           1,088,153          54,549
        Pattern     Energy    Group   Inc.   Class   A
                                           2,615,141          48,694
        Northwest      Natural     Holding     Co.
                                            773,167         46,746
        SJW  Group
                                            650,990         36,208
        Chesapeake      Utilities      Corp.
                                            417,582         33,949
     *
        Sunrun    Inc.
                                           2,510,364          27,338
        Middlesex      Water   Co.
                                            412,408         22,002
        Connecticut       Water   Service     Inc.
                                            322,275         21,550
        Unitil    Corp.
                                            390,136         19,756
        TerraForm      Power   Inc.   Class   A
                                           1,676,182          18,807
     *
        Evoqua    Water   Technologies       Corp.
                                           1,810,184          17,378
        York   Water   Co.
                                            349,426         11,203
        Artesian     Resources      Corp.   Class   A
                                            240,336          8,380
                                279/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                                                    市場価格
                                              株数     ( 千米ドル     )
     *,^
        Cadiz   Inc.
                                            799,055          8,230
     *
        Atlantic     Power   Corp.
                                           3,317,157           7,198
     *
        AquaVenture       Holdings     Ltd.
                                            354,799          6,702
        RGC  Resources      Inc.
                                            176,687          5,294
     *
        Pure   Cycle   Corp.
                                            497,626          4,941
     *,^
        Bloom   Energy    Corp.   Class   A
                                            458,981          4,581
     *,^
        Vivint    Solar   Inc.
                                           1,081,504           4,121
        Spark   Energy    Inc.   Class   A
                                            334,801          2,488
        Genie   Energy    Ltd.   Class   B
                                                      2,310
                                            383,069
                                                   21,923,009
     普通株式総額       ( 原価   $473,160,255)
                                                  668,274,743
                            クーポン

                1
     短期現物投資       (0.9  ％ )
     マネー・マーケット・ファンド                 (0.9  ％ )
     3,4
        バンガード・マーケット・
        リクイディティ・ファンド                     2.530   ％           56,919,051         5,691,905
                                            額面金額

                                     満期日      ( 千米ドル     )
     米国政府機関債         (0.0  ％ )
     5
       米国財務省短期証券                  2.350   ％ -2.361   ％     3/21/19         80,000         79,598
     5
       米国財務省短期証券                  2.432   ％ -2.451   ％     4/18/19         70,000         69,509
       米国財務省短期証券                      2.077   ％     1/3/19        40,000         39,998
       米国財務省短期証券                      2.374   ％     3/7/19        35,000         34,853
     5
       米国財務省短期証券                      2.292   ％     2/28/19         30,000         29,888
     5
                                                      9,967
       米国財務省短期証券                      2.292   ％     2/21/19         10,000
                                                     263,813
     短期現物投資合計          ( 原価   $5,955,110)
                                                    5,955,718
     投資総額     (100.3   ％ ) ( 原価   $479,115,365)
                                                  674,230,461
                                                   ( 千米ドル     )

     その他の資産および負債             (-0.3   ％ )
     その他の資産
     バンガードに対する投資                                                 38,011
     売却投資有価証券に係る未収入金                                                115,408
     未収収益                                                816,954
     発行済資本持分に係る未収入金                                               1,587,383
     未収変動証拠金－先物契約                                                 30,362
            ６
     その他の資産                                                 53,289
     その他の資産合計         (0.5  ％ )                                  2,641,407
     負債

     購入投資有価証券に係る未払金                                              (1,230,335)
     貸付有価証券に係る担保                                              (2,633,559)
     資本持分の買戻しに係る未払金                                               (639,991)
     バンガードに対する未払金                                               (169,788)
     未払変動証拠金－先物契約                                                  (320)
     未実現損失－スワップ契約                                                 (2,211)
     負債合計     (-0.8   ％ )
                                                   (4,676,204)
                                                  672,195,664
     純資産    (100  ％ )
                                               (71,837,551      百万円   )
                                280/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     2018  年 12 月 31 日現在、純資産の内訳：
                                        ( 千米ドル     )       ( 百万円   )
     払込出資金                                   478,179,649           51,103,059
     分配可能利益（損失）合計                                   194,016,015           20,734,492
     純資産                                   672,195,664           71,837,551
     インベスター受益証券

     発行済受益証券        1,953,536,865       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             121,265,869           12,959,683
     受益証券１口当たり純資産価額
     －インベスター受益証券                                   62.08   米ドル          6,634   円
     ETF  受益証券

     発行済受益証券        743,263,419      口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             94,809,421           10,132,283
     受益証券１口当たり純資産価額
     － ETF  受益証券                               127.56   米ドル          13,632   円
     アドミラル受益証券

     発行済受益証券        2,981,054,239       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             185,101,915           19,781,842
     受益証券１口当たり純資産価額
     －アドミラル受益証券                                   62.09   米ドル          6,636   円
     インスティテューショナル受益証券

     発行済受益証券        1,853,585,521       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             115,115,348           12,302,377
     受益証券１口当たり純資産価額
     －インスティテューショナル受益証券                                   62.10   米ドル          6,637   円
     インスティテューショナル・プラス受益証券

     発行済受益証券        1,164,655,630       口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             135,641,458           14,496,003
     受益証券１口当たり純資産価額
     －インスティテューショナル・プラス受益証券                                  116.46   米ドル          12,446   円
     インスティテューショナル・セレクト受益証券

     発行済受益証券        165,800,987      口に対する純資産
     （額面   0.001   米ドル：授権口数は無制限）                             20,261,653           2,165,363
     受益証券１口当たり純資産価額
     －インスティテューショナル・セレクト受益証券                                  122.20   米ドル          13,060   円
     ・  財務書類注記の注記Ａを参照のこと。

     ＊  配当を出さない有価証券。
     ＾  ブローカー／ディーラーに貸し付けられている証券ポジションの一部を含む。貸付有価証券の価
       値総額は     2,480,929,000       米ドルである。
     §  重要な観察不能なインプットを用いて算定された有価証券の価値。
     １  当ファンドは、現金準備の一部をインデックス先物契約およびスワップ契約を用いて株式市場に
       投資している。先物およびスワップ投資の影響を考慮すれば、当ファンドの実際の普通株式投資
       および短期現物投資は、純資産のそれぞれ                      100.0   ％および     0.3  ％である。
     ２  「その他」は、ファンドのベンチマークにより分類されない有価証券を示している。
     ３  バンガード・ファンド並びにバンガードが管理する一部の信託および口座にのみ利用可能な関連
       会社のマネー・マーケット・ファンド。提示されているレートは７日間の利回りである。
     ４  貸付有価証券に係る担保受取額                2,633,559,000       米ドルを含む。
     ５  未決済先物契約の当初証拠金として分別管理された有価証券                               186,579,000      米ドル。
     ６  未決済店頭スワップ契約の担保として分別管理された現金                              2,650,000     米ドル。
     ADR  －米国預託証券         (American      Depositary      Receipt)
     CVR  －不確定価額受領権          (Contingent       Value   Rights)
     REIT  －不動産投資信託         (Real   Estate    Investment      Trust)
                                281/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     期末現在のデリバティブ金融商品残高

     先物契約

                                                 （単位：千米ドル）
                                         買建
                                                   契約額および
                                       （売建）             未実現利益
                                   限月      玉数    名目元本       （損失）
     買建の先物契約
     E-mini   S&P  500  インデックス
                                 2019  年３月      29,625     3,710,828        (106,471)
     E-mini   ラッセル    2000  インデックス                   2019  年３月      1,914     129,099        (6,420)
     E-mini   S&P  ミッド・キャップ       400 インデックス
                                 2019  年３月       240     39,893       (1,764)
                                                     (114,655)
     トータル・リターンスワップ                                            （単位：千米ドル）

                                                   契約額および
                                            受領（支払）
                                   契約                 未実現利益
                                                 1
     参照企業                         満期日     相手方     名目元本      変動金利        （損失）
     SLM  Corp.
                          2019  年２月４日        GSI    35,318      2.870  ％       (823)
     VICI  Properties     Inc.
                          2019  年２月４日        GSI    29,610      3.270  ％      (1,041)
     VICI  Properties     Inc.
                          2019  年２月４日        GSI     9,870     3.270  ％       (347)
                                                      (2,211)
     GSI-Goldman      Sachs   International

     1
      月次の支払に係る受取／支払金利
     添付の注記は財務書類の不可欠の一部である。

    次へ

                                282/564











                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     損益計算書
                                 トータル・ストック・マーケット・

                                    インデックス・ファンド
                              2019  年 12 月 31 日         2018  年 12 月 31 日
                               終了計算期間               終了計算期間
                            千米ドル        百万円       千米ドル        百万円
     投資収益
     収益
     配当金－非関連発行体                       15,136,266        1,617,613       13,933,848        1,489,110
     配当金－関連発行体                          6,160         658         －       －
     利息－非関連発行体                          4,144         443       3,018         323
     利息－関連発行体                          70,056        7,487       51,265        5,479
                              152,182        16,264       126,669        13,537
     貸付有価証券－純額
                            15,368,808        1,642,465       14,114,800        1,508,449
     収益総額
     費用
     バンガード・グループ－注記Ｂ
     投資運用報酬                          25,447        2,720       24,218        2,588
     マネジメントおよび管理
      －インベスター受益証券                        169,029        18,064       158,387        16,927
      － ETF  受益証券                      24,791        2,649       21,276        2,274
      －アドミラル受益証券                         71,269        7,617       60,985        6,517
      －インスティテューショナル
       受益証券                       30,930        3,305       27,571        2,947
      －インスティテューショナル・
       プラス受益証券                       25,302        2,704       20,989        2,243
      －インスティテューショナル・
       セレクト受益証券                        1,569         168       1,082         116
     マーケティングおよび販売
      －インベスター受益証券                         11,957        1,278       17,741        1,896
      － ETF  受益証券                      4,670         499       3,627         388
      －アドミラル受益証券                         10,085        1,078       10,293        1,100
      －インスティテューショナル
       受益証券                        4,198         449       2,877         307
      －インスティテューショナル・
       プラス受益証券                        2,207         236       1,500         160
      －インスティテューショナル・
       セレクト受益証券                          1       0        1       0
     カストディー報酬                          1,703         182       2,430         260
     監査報酬                           407        43       421        45
     受益者報告および委任状
      －インベスター受益証券                         1,423         152       1,252         134
      － ETF  受益証券                      1,600         171       1,097         117
      －アドミラル受益証券                          691        74       511        55
      －インスティテューショナル
       受益証券                        1,173         125        902        96
      －インスティテューショナル・
       プラス受益証券                          38        ▶       31        3
      －インスティテューショナル・
       セレクト受益証券                          －       －         1       0
     受託者報酬および費用                           382        41       437        47
                              388,872        41,559       357,629        38,220
      費用総額
                            14,979,936        1,600,906       13,757,171        1,470,229
     投資純利益
                                283/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     実現純利益（損失）
                                  1               2
     売却投資有価証券－非関連発行体                        3,017,113         322,439       6, 733  , 240     719,581
     売却投資有価証券－関連発行体                          (3,906)         (417)        (296)        (32)
     先物契約                         766,975        81,967       (205,348)        (21,946)
                              50,674        5,416       (16,547)        (1,768)
     スワップ契約
                             3,830,856         409,404       6,511,049         695,836
     実現純利益（損失）
     未実現利益（損失）の変動
     投資有価証券－非関連発行体                       191,133,025        20,426,386       (56,813,879)        (6,071,699)
     投資有価証券－関連発行体                          5,907         631        364        39
     先物契約                         142,709        15,251       (113,904)        (12,173)
                              11,880        1,270       (1,888)         (202)
     スワップ契約
                            191,293,521        20,443,539       (56,929,307)        (6,084,035)
     未実現利益（損失）の変動
                            210,104,313        22,453,848       (36,661,087)        (3,917,970)
     運用による純資産の純増加（減少）額
     １　現物償還による          8,345,326,000       米ドルの純利益（損失）を含む。当該利益（損失）は当ファンドの

       課税対象ではない。
     ２　現物償還による          6,485,855,000       米ドルの純利益（損失）を含む。当該利益（損失）は当ファンドの
       課税対象ではない。
     添付の注記は、財務書類の不可欠の一部である。

                                284/564













                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     純資産変動計算書
                                 トータル・ストック・マーケット・

                                    インデックス・ファンド
                              2019  年 12 月 31 日         2018  年 12 月 31 日
                               終了計算期間               終了計算期間
                            千米ドル        百万円       千米ドル        百万円
     純資産の増加（減少）
     運用
     投資純利益                       14,979,936        1,600,906       13,757,171        1,470,229
     実現純利益（損失）                        3,830,856         409,404       6,511,049         695,836
                            191,293,521        20,443,539       (56,929,307)        (6,084,035)
     未実現利益（損失）の変動
                            210,104,313        22,453,848       (36,661,087)        (3,917,970)
      運用による純資産の純増加（減少）
     分配

     投資純利益
      インベスター受益証券                      (2,441,205)         (260,892)       (2,268,803)         (242,467)
      ETF  受益証券                     (2,314,799)         (247,383)       (1,838,334)         (196,463)
      アドミラル受益証券                      (4,371,014)         (467,130)       (3,685,244)         (393,842)
      インスティテューショナル
      受益証券                      (2,694,343)         (287,944)       (2,243,070)         (239,717)
      インスティテューショナル・
      プラス受益証券                      (3,268,140)         (349,266)       (2,615,192)         (279,486)
      インスティテューショナル・
      セレクト受益証券                       (467,850)        (49,999)       (351,965)        (37,614)
     実現キャピタルゲイン
      インベスター受益証券                           －       －        －       －
      ETF  受益証券                         －       －        －       －
      アドミラル受益証券                           －       －        －       －
      インスティテューショナル
      受益証券                           －       －        －       －
      インスティテューショナル・
      プラス受益証券                           －       －        －       －
      インスティテューショナル・
                                 －       －        －       －
      セレクト受益証券
                            (15,557,     351  )  (1,662,614)       (13,002,608)        (1,389,589)
       分配総額
     資本持分取引

      インベスター受益証券                      (14,863,     283  )  (1,588,439)         2,806,888         299,972
      ETF  受益証券                     15,039,487        1,607,270       10,133,992        1,083,020
      アドミラル受益証券                      13,652,300        1,459,021        8,992,303         961,007
      インスティテューショナル
      受益証券                       4,263,716         455,663       9,953,282       1,063,707
      インスティテューショナル・
      プラス受益証券                      12,427,894        1,328,169       19,272,078        2,059,607
      インスティテューショナル・
                              361,129        38,594      8,123,645         868,174
      セレクト受益証券
                            30,881,243        3,300,278       59,282,188        6,335,487
       資本持分取引による純増加（減少）
                            225,428,205        24,091,512         9,618,493       1,027,928
        増加（減少）総額
     純資産
                            672,195,664        71,837,551       662,577,171        70,809,622
     期首
                            897,623,869        95,929,063       672,195,664        71,837,551
     期末
     添付の注記は、財務書類の不可欠の一部である。

                                285/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                                   インベスター受益証券
                                    12 月 31 日終了計算期間
                           2019  年     2018  年     2017  年     2016  年     2015  年
                           米ドル       米ドル       米ドル       米ドル       米ドル
     各期間の発行済受益証券１口当たり
                            62.08       66.70       56.06       50.78       51.58
     期首純資産価額
     投資運用

                               1       1       1
     投資純利益                        1.279       1.275       1.086       1.022       0.954
     投資に係る実現および
                            17.634       (4.703)       10.630       5.282      (0.807)
     未実現純利益（損失）
                            18.913       (3.428)       11.716       6.304       0.147
     投資運用による総額
     分配

     投資純利益による配当                       (1.333)       (1.192)       (1.076)       (1.024)       (0.947)
                              －       －       －       －       －
     実現キャピタルゲインによる分配
                            (1.333)       (1.192)       (1.076)       (1.024)       (0.947)
     分配総額
                            79.66       62.08       66.70       56.06       50.78
     期末純資産価額
        ２

                            30.65  ％    -5.26  ％    21.05  ％    12.53  ％     0.29  ％
     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                       139,686       121,266       126,766       103,932       96,323
     平均純資産に対する総費用の比率                       0.14  ％     0.14  ％     0.14  ％     0.15  ％     0.16  ％
     平均純資産に対する投資純利益の比率                       1.78  ％     1.86  ％     1.77  ％     1.98  ％     1.85  ％
               ３
     ポートフォリオの回転率                         ▶％      3％      3％      ▶％      3％
     １　発行済の平均株式数に基づいて計算される。

     ２　総収益率は、表示期間に適用された可能性のある口座維持手数料を含まない。ファンドの目論見
       書は、適用される口座維持手数料に関する情報を提供するものである。
     ３　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     添付の注記は、財務書類の不可欠の一部である。

                                286/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                                      ETF  受益証券
                                    12 月 31 日終了計算期間
                           2019  年     2018  年     2017  年     2016  年     2015  年
                           米ドル       米ドル       米ドル       米ドル       米ドル
     各期間の発行済受益証券１口当たり
                            127.56       137.06       115.21       104.34       106.00
     期首純資産価額
     投資運用

                               1       1       1
     投資純利益                        2.809       2.781       2.361       2.214       2.082
     投資に係る実現および
                            36.236       (9.676)       21.832       10.871       (1.675)
     未実現純利益（損失）
                            39.045       (6.895)       24.193       13.085       0.407
     投資運用による総額
     分配

     投資純利益による配当                       (2.905)       (2.605)       (2.343)       (2.215)       (2.067)
                              －       －       －       －       －
     実現キャピタルゲインによる分配
                            (2.905)       (2.605)       (2.343)       (2.215)       (2.067)
     分配総額
                            163.70       127.56       137.06       115.21       104.34
     期末純資産価額
                            30.80  ％    -5.13  ％    21.16  ％    12.68  ％     0.40  ％

     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                       138,067       94,809       91,862       69,889       57,434
     平均純資産に対する総費用の比率                       0.03  ％     0.03  ％     0.04  ％     0.04  ％     0.05  ％
     平均純資産に対する投資純利益の比率                       1.89  ％     1.97  ％     1.87  ％     2.09  ％     1.96  ％
               ２
     ポートフォリオの回転率                         ▶％      3％      3％      ▶％      3％
     １　発行済の平均株式数に基づいて計算される。

     ２　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     添付の注記は財務書類の不可欠な一部である。

                                287/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                                    アドミラル受益証券
                                    12 月 31 日終了計算期間
                           2019  年     2018  年     2017  年     2016  年     2015  年
     各期間の発行済受益証券１口当たり                      米ドル       米ドル       米ドル       米ドル       米ドル
                            62.09       66.72       56.08       50.79       51.60
     期首純資産価額
     投資運用

                               1       1       1
     投資純利益                        1.360       1.344       1.148       1.077       1.013
     投資に係る実現および
                            17.646       (4.711)       10.633       5.291      (0.818)
     未実現純利益（損失）
                            19.006       (3.367)       11.781       6.368       0.195
     投資運用による総額
     分配

     投資純利益による配当                       (1.406)       (1.263)       (1.141)       (1.078)       (1.005)
                              －       －       －       －       －
     実現キャピタルゲインによる分配
                            (1.406)       (1.263)       (1.141)       (1.078)       (1.005)
     分配総額
                            79.69       62.09       66.72       56.08       50.79
     期末純資産価額
        ２

                            30.80  ％    -5.17  ％    21.17  ％    12.66  ％     0.39  ％
     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                       252,536       185,102       190,099       151,612       126,363
     平均純資産に対する総費用の比率                       0.04  ％     0.04  ％     0.04  ％     0.04  ％     0.05  ％
     平均純資産に対する投資純利益の比率                       1.88  ％     1.96  ％     1.87  ％     2.09  ％     1.96  ％
               ３
     ポートフォリオの回転率                         ▶％      3％      3％      ▶％      3％
     １　発行済の平均株式数に基づいて計算される。

     ２　総収益率は、表示期間に適用された可能性のある口座維持手数料を含まない。ファンドの目論見
       書は、適用される口座維持手数料に関する情報を提供するものである。
     ３　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     添付の注記は財務書類の不可欠の一部である。

                                288/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                                インスティテューショナル受益証券
                                    12 月 31 日終了計算期間
                           2019  年     2018  年     2017  年     2016  年     2015  年
                           米ドル       米ドル       米ドル       米ドル       米ドル
     各期間の発行済受益証券１口当たり
                            62.10       66.73       56.09       50.80       51.60
     期首純資産価額
     投資運用

                               1       1       1
     投資純利益                        1.365       1.354       1.153       1.082       1.017
     投資に係る実現および
                            17.649       (4.715)       10.630       5.291      (0.808)
     未実現純利益（損失）
                            19.014       (3.361)       11.783       6.373       0.209
     投資運用による総額
     分配

     投資純利益による配当                       (1.414)       (1.269)       (1.143)       (1.083)       (1.009)
                              －       －       －       －       －
     実現キャピタルゲインによる分配
                            (1.414)       (1.269)       (1.143)       (1.083)       (1.009)
     分配総額
                            79.70       62.10       66.73       56.09       50.80
     期末純資産価額
                            30.81  ％    -5.16  ％    21.17  ％    12.67  ％     0.42  ％

     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                       152,716       115,115       113,557       79,443       57,438
     平均純資産に対する総費用の比率                       0.03  ％     0.03  ％    0.035  ％     0.03  ％     0.04  ％
     平均純資産に対する投資純利益の比率                       1.89  ％     1.97  ％     1.87  ％     2.10  ％     1.97  ％
               ２
     ポートフォリオの回転率                         ▶％      3％      3％      ▶％      3％
     １　発行済の平均株式数に基づいて計算される。

     ２　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     添付の注記は財務書類の不可分な一部である。

                                289/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                              インスティテューショナル・プラス受益証券
                                                    2015  年
                                 12 月 31 日終了計算期間
                                                       １
                                                    ４月  28 日
                                                    から  2015  年
                           2019  年     2018  年    2017  年    2016  年
                                                    12 月 31 日
     各期間の発行済受益証券１口当たり                      米ドル       米ドル      米ドル      米ドル       米ドル
                            116.46      125.14      105.18       95.26      100.00
     期首純資産価額
     投資運用

                               2      2      2
     投資純利益                        2.575      2.555      2.182      2.042       1.335
     投資に係る実現および
                            33.100      (8.842)      19.938       9.924      (4.631)
     未実現純利益（損失）
                            35.675      (6.287)      22.120      11.966       (3.296)
     投資運用による総額
     分配

     投資純利益による配当                        (2.665)      (2.393)      (2.160)      (2.046)       (1.444)
                              －      －      －      －       －
     実現キャピタルゲインによる分配
                            (2.665)      (2.393)      (2.160)      (2.046)       (1.444)
     分配総額
                            149.47      116.46      125.14      105.18       95.26
     期末純資産価額
                            30.82  ％    -5.15  ％    21.19  ％    12.69  ％    -3.28  ％

     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                       188,188      135,641      126,130       85,031       63,093
                                                         3
     平均純資産に対する総費用の比率                        0.02  ％    0.02  ％    0.02  ％    0.02  ％     0.02  ％
                                                         3
     平均純資産に対する投資純利益の比率                        1.90  ％    1.98  ％    1.89  ％    2.11  ％     1.99  ％
               ４                                          5
     ポートフォリオの回転率                         ▶％      3％      3％      ▶％      3％
     １　運用開始日

     ２　発行済の平均株式数に基づいて計算される。
     ３　年率換算
     ４　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     ５　  2015  年 12 月 31 日終了計算期間における当ファンドのポートフォリオの回転率を反映している。
     添付の注記は財務書類の不可分な一部である。

                                290/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務ハイライト
                                トータル・ストック・マーケット・

                                   インデックス・ファンド
                             インスティテューショナル・セレクト受益証券
                                                    2016  年
                                12 月 31 日終了計算期間
                                                      １
                                                   ６月  27 日
                                                   から  2016  年
                            2019  年      2018  年      2017  年
                                                   12 月 31 日
     各期間の発行済受益証券１口当たり                       米ドル        米ドル        米ドル        米ドル
                              122.20        131.31        110.37         97.70
     期首純資産価額
     投資運用

                                 2        2        2
     投資純利益                          2.709        2.704        2.311         1.181
     投資に係る実現および
                              34.731        (9.290)        20.908         12.718
     未実現純利益（損失）
                              37.440        (6.586)        23.219         13.899
     投資運用による総額
     分配

     投資純利益による配当                         (2.810)        (2.524)        (2.279)         (1.229)
                                －        －        －         －
     実現キャピタルゲインによる分配
                              (2.810)        (2.524)        (2.279)         (1.229)
     分配総額
                              156.83        122.20        131.31         110.37
     期末純資産価額
                              30.84  ％     -5.14  ％     21.20  ％      14.24  ％

     総収益率
     比率／補足データ

     期末純資産（百万米ドル）                         26,431        20,262        14,163         8,545
                                                         3
     平均純資産に対する総費用の比率                         0.01  ％      0.01  ％      0.01  ％       0.01  ％
                                                         3
     平均純資産に対する投資純利益の比率                         1.91  ％      1.99  ％      1.90  ％       2.15  ％
               ４                                          5
     ポートフォリオの回転率                           ▶％       3％       3％        ▶％
     １　運用開始日

     ２　発行済の平均株式数に基づいて計算される。
     ３　年率換算
     ４　  ETF  のクリエーション・ユニットを含む、当ファンドの資本持分の現物による買戻しあるいは償還
       の結果として受領したもしくは引渡されたポートフォリオ証券額を除く。
     ５　  2016  年 12 月 31 日終了計算期間における当ファンドのポートフォリオの回転率を反映している。
     添付の注記は財務書類の不可分な一部である。

                                291/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     財務書類注記

     バンガード・トータル・ストック・マーケット・インデックス・ファンドは、                                          1940  年投資会社法に基づき

     オープン・エンド型投資会社すなわちミューチュアル・ファンドとして登録されている。当ファンドは、イ
     ンベスター受益証券、           ETF  受益証券、アドミラル受益証券、インスティテューショナル受益証券、インスティ
     テューショナル・プラス受益証券およびインスティテューショナル・セレクト受益証券の６種類のクラスを
     提供している。受益証券の各クラスには、異なる適格性と最低限の購入条件があり、異なるタイプの投資家
     向けに設定されている。             ETF  受益証券は、       NYSE   Arca  に上場されており、ブローカーを通して売買が可能であ
     る。
     Ａ．以下の重要な会計方針は、米国の投資会社について一般に公正妥当と認められる会計原則に準拠してい

       る。当ファンドは、財務書類を作成する際にこれらの会計方針を継続的に適用している。
      １．有価証券の評価：有価証券は、評価日にニューヨーク証券取引所の最終相場（通常東部時間の午後４

        時）で評価される。持分証券は、各有価証券の主要な取引日における直近の売値または公式な終値で
        評価される。評価日に約定のなかった有価証券は、直近の売買気配値の仲値を用いて評価される。市
        場取引価格を容易に入手することができない有価証券、あるいはファンドの価格決定時前で有価証券
        の主要な取引所の取引終了後に生じた事象により価格が大きく影響された有価証券については、受託
        者会によって公正価値を表すとみなされた方法で評価される。バンガード・マーケット・リクイディ
        ティ・ファンドに対する投資は、そのファンドの純資産価額で評価されている。短期現物投資は、直
        近の買値もしくは（有価証券の価格、利回り、満期および格付等の要素を考慮している）マトリク
        ス・システムの評価に基づき評価される。どちらの評価方法も、独立した価格提供業者により提供さ
        れている。
      ２．先物契約：当ファンドは、一定の範囲内において、インデックス先物契約を行っている。これは、株

        式市場に対する十分なエクスポージャーを維持し、流動性を維持し、取引費用を最小化するといった
        目的のために行われる。当ファンドは、流入資金を市場に迅速に投資するために先物契約を購入した
        り、資金流失への対応として先物を売却することがある。これによって、流動性確保のために現金残
        高を維持しながら、基準とするインデックスに対し十分な投資ポジションを擬似的に持つことができ
        る。先物契約を利用することに伴う主要なリスクは、ファンドが保有する株式の市場価格の変動と先
        物契約の価格との間で不完全な相関関係が生じることであり、また市場が非流動的になる可能性であ
        る。先物契約に係る契約相手方のリスクは、契約相手方が清算ブローカーではなく法令上の清算機関
        であることから、軽減されている。契約相手方のリスクをさらに軽減するために、当ファンドは先物
        契約を証券取引所で取引し、清算ブローカーおよび清算機関の財政力をモニタリングし、清算ブロー
        カーと清算契約を締結している。清算機関は当ファンドの債務履行を担保するために当初証拠金要件
        を課し、各契約の市場価格の変動を示す変動証拠金の日々決済を要求している。未決済契約に対する
        当初証拠金として差し入れられた資産は、純資産計算書に記載されている。
        先物契約は、日次の決済引値で評価されている。契約の名目元本は、純資産計算書上に計上されな
        い。契約価値の変動は、純資産計算書上に資産（負債）として計上される。また、損益計算書上、契
        約が終了するまでは未実現利益（損失）として、終了時には先物契約実現利益（損失）として計上さ
        れる。
        2019  年 12 月 31 日および     2018  年 12 月 31 日終了計算期間において、四半期平均名目元本に基づく当ファン
        ドの買建および売建の先物契約への平均投資額は、それぞれ純資産の１％未満および０％並びに１％
        未満および０％を占めていた。
                                292/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      ３．スワップ契約：当ファンドは、当ファンドの目標インデックスによる特定参照株式の総利回りを得る

        ために、エクイティ・スワップ契約を締結している。当該スワップの条件に基づき、当ファンドは、
        特定の期間にわたり当該エクイティ・スワップ契約の当初の名目元本（特定参照株式の指定株数の株
        価）に対する参照株式の総利回りを受領する（つまり、特定参照株式の株価の増額分を受領し、減額
        分を支払う。特定参照株式の配当金と同等額を受領する）。また、当ファンドは当該名目元本に係る
        短期金利による変動金利を支払うと同時に、通常、スワップの名目元本とほぼ同額を格付けの高い短
        期現物投資に投資する。
        スワップ契約の名目元本は、純資産計算書に計上されていない。スワップは独立した価格提供業者ま
        たは公認ディーラーから受け取った市場取引価格に基づいて日次で評価され、評価の変動は、純資産
        計算書上に資産（負債）として計上される。また、損益計算書上、スワップが解約されるまでは未実
        現利益（損失）として、解約時には実現利益（損失）として計上される。
        あらゆるタイプのスワップに伴うリスクとは、契約相手方が当ファンドに対して正味金額を支払う義
        務の履行を怠る可能性である。当ファンドが受ける契約相手方のリスクの影響額の最大の金額は、ス
        ワップ契約に係る未実現利益額である。当ファンドは、様々なグループの事前認定された契約相手方
        とのみスワップ契約を締結し、契約相手方の財政力をモニタリングし、契約相手方とマスター・ネッ
        ティング契約を締結し、さらに契約相手方の債務履行を担保するために契約相手方に担保供与を要請
        することにより、契約相手方のリスクを軽減している。債務不履行がない場合には、当ファンドによ
        る差入担保または受取担保は、再担保差入、再売却または再担保設定されることはない。契約相手方
        の債務不履行（破産を含む）が発生した場合には、当ファンドは当該契約相手方とのスワップ契約を
        終了し、マスター・ネッティング契約に基づく当事者のうち一方の純債務額を決定し、保有している
        担保を同契約に基づく当ファンドに負っている純債務額まで売却または保持することができる。ス
        ワップ契約は、当ファンドの純資産が一定のレベルを下回る場合に契約相手方が未決済契約を終了す
        る条件を含んでおり、これが契約終了時に当ファンドが純負債ポジションにある場合に当ファンドに
        よる支払いが発生する一因となる。当該支払額は、当ファンドが供与した担保の分だけ減額される。
        未決済契約に対する担保として供与された有価証券は、純資産計算書に記載されている。受取担保ま
        たは差入担保の価値は、契約相手方とのスワップ契約エクスポージャーの価値と日々比較し、特定の
        最低譲渡金額を超える差異がある場合は、２営業日以内に修正し決済する。
        2019  年 12 月 31 日および     2018  年 12 月 31 日終了計算期間において、各四半期末の平均名目元本に基づく当
        ファンドのスワップ契約に対する投資の平均額は、それぞれ純資産の１％未満および１％未満を占め
        ていた。
      ４．連邦所得税：当ファンドは、規制投資会社としての資格を有し、全ての課税所得を分配し続けること

        を意図している。経営陣は、未決定となっている全ての課税年度（                                   2015  年から   2019  年 12 月 31 日）の連
        邦所得税の申告に関して、当ファンドの税務ポジションの分析を実施し、当ファンドの財務書類に所
        得税引当は必要ないとの結論に達した。
      ５．分配：受益者に対する分配は、配当落ち日に記録される。分配金額は税法基準によって決定されるた

        め、財務報告目的のための投資純利益および実現キャピタルゲインとは異なる可能性がある。
      ６．  貸付有価証券：当ファンドは、追加で収益を得るために適格機関投資家に有価証券を貸し付ける。                                                   貸

        付有価証券は、いかなる場合も当ファンドによる解約を条件としており、常に貸付けられた有価証券
        の市場価格と少なくとも同等の金額の担保によって保全されることが要求される。日々の市場変動に
        より、貸付有価証券の価値が受取担保の価値を上回ったり下回ったりする可能性があるが、この場
        合、当該担保は翌営業日の市場の取引開始前に修正および決済される。当ファンドは、様々なグルー
                                293/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        プの事前認定された契約相手方とのみ貸付有価証券取引を締結し、契約相手方の財政力をモニタリン
        グし、契約相手方とマスター・貸付有価証券契約を締結することにより、契約相手方のリスクをさら
        に 軽減している。マスター・貸付有価証券契約に基づき、契約相手方の債務不履行（破産を含む）が
        発生した場合には、当ファンドは当該借手との貸付契約を終了し、純債務額を決定し、担保を当ファ
        ンドの純債務額まで売却または保持することができる。しかし、かかる行為は法的手続の対象となる
        可能性がある。当該担保は契約相手方のリスクを軽減するが、債務不履行が発生した場合には、当該
        ファンドには貸付けられた有価証券を回収する上で遅れとコストが発生する可能性がある。当ファン
        ドは、有価証券を貸付けている期間中、受領した現金担保をバンガード・マーケット・リクイディ
        ティ・ファンドに投資し、当該担保の返済について純資産計算書に債務を計上している。貸付有価証
        券による収益は、借り手に課せられた手数料に現金担保の投資による収益を加えたものから貸付関連
        の費用を控除したものを表している。貸付期間において、当ファンドは貸付有価証券に対して行う、
        または貸付有価証券に関する全ての分配に対する資格を有している。
      ７．クレジット・ファシリティ：当ファンドおよびバンガード・グループ（以下「バンガード」という）

        が管理しているその他のファンドの一部は、クレジット契約に従ってシンジケートにより提供される
        43 億米ドルを限度枠とするクレジット・ファシリティに参加している。このクレジット契約は年次で
        更新される可能性があり、各ファンドは、クレジット・ファシリティに基づく借入を行っている場合
        には、それぞれの借入金について責任を負う。借入金は一時的または緊急目的で使用される可能性が
        あり、ファンドの規制上および契約上の借入限度内でなくてはならない。参加ファンドは事務管理費
        と、未使用枠の        0.10  ％に相当する年次の約定手数料を支払う必要があり、当該費用はファンドの受託
        者会が承認する方法に基づいて各ファンドに配分され、各ファンドの損益計算書のマネジメントおよ
        び管理費用に含まれる。このファシリティに基づく借入金には、１ヶ月物ロンドン銀行間取引金利、
        フェデラル・ファンド実効金利、またはオーバーナイト・バンク・ファンディング・レートのいずれ
        か高い方に合意されたスプレッドを加えたレートで利息が発生する。
        2019  年 12 月 31 日現在、     2018  年 12 月 31 日現在、または同日に終了した期間内のいかなる日においても、
        当ファンドは借入を行っていない。
      ８．その他：配当金収益は、配当落ち日に記録される。利息収益は、バンガード・マーケット・リクイ

        ディティ・ファンドから受領した利益分配を含み、日次で計上される。購入した債務証券に係るプレ
        ミアムおよびディスカウントは、直近の償還日までに償却される一部の償還可能な債務証券に係るプ
        レミアムを除き、それぞれ有価証券の期間に渡り利息収益から償却されるか、利息収益として計上さ
        れる。有価証券取引は、有価証券が売買された日に会計処理される。投資有価証券の売却に係る実現
        利益（損失）を決定するために用いられる原価は、売却された有価証券の個別の原価である。
        各クラスの受益証券は資産および利益に対し同等の権利を有するが、受益者口座の維持費用（マネジ
        メントおよび管理費用に含まれる）、受益者報告および委任状について、各クラスにはそれぞれ特定
        のクラスに帰属すべき費用が生じる。マーケティングおよび販売費用は、受託者会が承認する方法に
        基づいて受益証券の各クラスに配分される。収益、その他の特定のクラスに帰属しない費用、並びに
        投資に係る損益は、それぞれ関連する純資産に基づいて受益証券の各クラスに配分される。
     Ｂ．バンガードと当ファンドの間のファンズ・サービス・アグリーメント（以下「                                           FSA  」という）の条件に

       従って、バンガードは、当ファンドに投資運用、コーポレート・マネジメント、管理、マーケティング
       および販売サービスをバンガードの運用コスト（                         FSA  で定義されている）で提供している。当該運用コス
       トは、受託者会によって承認された方法および指針に基づき、当ファンドに賦課される。バンガード
       は、一部の運用コスト（繰延報酬／給付およびリスク／保険コスト等）について当期に支弁を要求して
                                294/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       いない。当該運用コストに対する当ファンドの債務は、純資産計算書の「バンガードに対する未払金」
       に含まれている。バンガードに対して支払われる他の全ての運用コストは通常、月に２回決済される。
       バンガードの要請に応じて、当ファンドは、純資産の                            0.40  ％までをバンガードの資本として投資するこ

       とがある。      2019  年 12 月 31 日および     2018  年 12 月 31 日終了計算期間において、当ファンドはバンガードの資
       本に対して、それぞれ            39,345,000      米ドルおよび       38,011,000      米ドルを拠出したが、これらは当ファンドの
       純資産のそれぞれ          0.01  ％未満および       0.01  ％未満であり、バンガードの資本組入れに対して、それぞれ
       15.74   ％および     15.20   ％に相当する。当ファンドの受託者および役員は、同時にそれぞれバンガードの取
       締役および従業員である。
                                295/564

















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Ｃ．様々なインプットは、当ファンドの投資有価証券の価値を決定する際に用いることができる。これらの

       インプットは、財務書類目的で広く３つの階層に要約される。有価証券を評価する際に用いられるイン
       プットまたは手法は、必ずしもそれら有価証券への投資に伴うリスクの兆候とはならない。
       レベル１        活発な市場での同一の有価証券の取引価格

       レベル２        その他の重要な観察可能なインプット（類似する有価証券の取引価格、金利、期

               限前償還率、信用リスクなどを含む）
       レベル３        重要な観察不能なインプット（投資有価証券の公正価値を決定する際に用いる当

               ファンドの仮定を含む）。重要な観察不能なインプットで評価される投資は、純
               資産計算書に記載されている。
       以下の表は、       2019  年 12 月 31 日現在の当ファンドの投資有価証券の市場価格を評価に用いたインプットに

       基づき要約したものである。
                                               （単位：千米ドル）

        投資                      レベル１          レベル２          レベル３
        普通株式                      894,889,490                96         4,958
        優先株式                           43          －          －
        短期現物投資                       5,328,966            137,690             －
                １
        先物契約－資産                          8,801            －          －
                １
        先物契約－負債                         (1,990)             －          －
        スワップ契約－資産                           －         9,669            －
        合計                      900,225,310             147,455           4,958
       １　報告期間の最終日の変動証拠金を示している。
       以下の表は、       2018  年 12 月 31 日現在の当ファンドの投資有価証券の市場価格を評価に用いたインプットに

       基づき要約したものである。
                                               （単位：千米ドル）

        投資                      レベル１          レベル２          レベル３
        普通株式                      668,268,616               154         5,973
        短期現物投資                       5,691,905            263,813             －
                １
        先物契約－資産                         30,362             －          －
                １
        先物契約－負債                          (320)           －          －
        スワップ契約－負債                           －        (2,211)             －
        合計                      673,990,563             261,756           5,973
       １　報告期間の最終日の変動証拠金を示している。
                                296/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Ｄ．純資産の会計基準と税法基準による構成要素との間の永久差異は、税務上の性質を反映して財務書類に

       おいて資本勘定に組替えられる。この組替えは、純資産または受益証券１口当たり純資産価額に影響を
       及ぼさない。       2019  年 12 月 31 日現在、主に現物償還、受動的な外国投資会社およびスワップ契約の会計処
       理に起因する以下の永久差異は、以下の勘定科目間で組替えられた。
                                              （単位：千米ドル）

                                              金額
        払込出資金                                            8,345,099
        分配可能利益（損失）合計                                           (8,345,099)
       分配可能利益（損失）合計の会計基準と税法基準による構成要素との間の一時差異は、特定の収益、利

       益、あるいは損失が財務書類目的と税務目的とで別の期間に認識される場合に生じる。当該一時差異
       は、将来のある時期において解消される。当該差異は主に、ウォッシュ・セールスに係る税務上の繰越
       欠損金、一部の先物契約およびスワップ契約に係る未実現損益、並びに受動的な外国投資会社に係る未
       実現利益の実現に関連している。                 2019  年 12 月 31 日現在、分配可能利益（損失）合計の税法基準による構
       成要素は、以下の表のとおりである。
                                              （単位：千米ドル）

                                              金額
        未分配経常利益                                             255,875
        未分配長期利益                                                －
        繰越キャピタルロス（期限切れを除く）                                           (6,156,034)
        未実現純利益（損失）                                           386,223,802
       2019  年 12 月 31 日現在、米国連邦所得税目的の原価に基づく投資およびデリバティブの未実現利益および

       損失の総額は以下のとおりである。
                                              （単位：千米ドル）

                                              金額
        税金費用                                           514,137,441
        未実現利益総額                                           410,556,295
        未実現損失総額                                           (24,332,493)
        未実現純利益（損失）                                           386,223,802
       純資産の会計基準と税法基準による構成要素との間の永久差異は、税務上の性質を反映して財務書類に

       おいて資本勘定に組替えられる。この組替えは、純資産または受益証券１口当たり純資産価額に影響を
       及ぼさない。       2018  年 12 月 31 日現在、主に現物償還、受動的な外国投資会社およびスワップ契約の会計処
       理に起因する以下の永久差異は、以下の勘定科目間で組替えられた。
                                              （単位：千米ドル）

                                              金額
        払込出資金                                            6,485,473
        分配可能利益（損失）合計                                           (6,485,473)
                                297/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       分配可能利益（損失）合計の会計基準と税法基準による構成要素との間の一時差異は、特定の収益、利

       益、あるいは損失が財務書類目的と税務目的とで別の期間に認識される場合に生じる。当該一時差異
       は、将来のある時期において解消される。当該差異は主に、ウォッシュ・セールスに係る税務上の繰越
       欠損金、一部の先物契約およびスワップ契約に係る未実現損益、並びに受動的な外国投資会社に係る未
       実現利益の実現に関連している。                 2018  年 12 月 31 日現在、分配可能利益（損失）合計の税法基準による構
       成要素は、以下の表のとおりである。
                                              （単位：千米ドル）

                                              金額
        未分配経常利益                                             807,370
        未分配長期利益                                                －
        繰越キャピタルロス（期限切れを除く）                                           (1,732,284)
        未実現純利益（損失）                                           195,107,884
       2018  年 12 月 31 日現在、米国連邦所得税目的の原価に基づく投資およびデリバティブの未実現利益および

       損失の総額は以下のとおりである。
                                              （単位：千米ドル）

                                              金額
        税金費用                                           479,122,577
        未実現利益総額                                           223,890,207
        未実現損失総額                                           (28,782,323)
        未実現純利益（損失）                                           195,107,884
     Ｅ．  2019  年 12 月 31 日および     2018  年 12 月 31 日終了計算期間において、短期現金投資以外の投資目的有価証券の

       購入および売却は、以下のとおりであった。
                                  （単位：千米ドル）

                         購入             売却
        2019  年                77,124,211             44,189,839
        2018  年                93,038,834             35,268,959
                                298/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Ｆ．  2019  年 12 月 31 日および     2018  年 12 月 31 日終了計算期間において、当ファンドの資本持分の現物による売買

       に関連する購入および売却は、以下のとおりであった。
                                  （単位：千米ドル）

                         購入             売却
        2019  年                16,479,628             11,228,727
        2018  年                21,745,488             10,979,688
     Ｇ．当ファンドの投資の一部は、当ファンドが当該企業の発行済議決権付株式の５％超を保有しているか、

       または発行体がバンガード・グループの別のメンバーであるため、当ファンドの関連会社とみなされる
       企業に対するものである。当該企業の有価証券の                          2019  年 12 月 31 日終了計算期間における取引は、以下の
       とおりである。
                                                当期の取引

                           売却投資
                 2018  年                   未実現               2019  年
                           有価証券
                 12 月 31 日              実現     利益         キャピタル      12 月 31 日
                            による
                 現在の     原価での           純利益     (損失  )の        ゲイン     現在の
                              1
                 市場価格      購入          (損失  )    変動     収益    分配受取額      市場価格
                            収入
                 (千米ドル   )  (千米ドル   )  (千米ドル   )  (千米ドル   )  (千米ドル   )  (千米ドル   )  (千米ドル   )  (千米ドル   )
                     2                                    3
     Acacia   Research    Corp.
                  該当なし      3,424      690     (372)     (565)      －     －   該当なし
                     2
     Computer    Task  Group  Inc.
                  該当なし      1,856      173     (58)     578      －     －    3,867
                     2
     Great  Ajax  Corp.
                  該当なし      20,667      3,944      388    1,259      728      －    23,995
                     2                                    3
     Moleculin    Biotech   Inc.
                  該当なし      3,224      90    (100)    (1,467)       －     －   該当なし
                     2                                    3
     Orchid   Island   Capital   Inc.
                  該当なし      14,499      8,590     (4,137)      1,826     1,963      －   該当なし
     Perma-Pipe      International
                     2
     Holdings    Inc.
                  該当なし      2,933      16     (10)     236      －     －    4,362
                     2
     Safeguard    Scientifics     Inc.
                  該当なし      6,067     1,500      (48)    1,338     1,085       －   11,504
                     2
     Spirit   MTA  REIT
                  該当なし      3,988      88     126    2,476     2,384       －    2,191
     バンガード・マーケット・
                          ▶     ▶
     リクイディティ・ファンド             5,691,905     該当なし     該当なし       305     226    70,056       －  5,328,966
     合計             5,691,905                (3,906)      5,907     76,216       －  5,374,885
     １ 資本の払い戻しに伴う調整は含まれていない。
     ２ 該当なし－    2018  年 12 月 31 日現在、当該発行体は当ファンドの関連会社ではなかった。
     ３ 該当なし－    2019  年 12 月 31 日現在、当該有価証券は引き続き保有されていたが、当該発行体は当ファンドの関連会社ではなくなった。
     ４ 該当なし－売買は短期現物投資目的である。
                                299/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Ｈ．受益証券の各クラスの資本持分取引は、以下のとおりであった。

                               2019  年 12 月 31 日        2018  年 12 月 31 日

                                終了計算期間               終了計算期間
                              金額       口数       金額       口数
                             千米ドル         千口      千米ドル         千口
     インベスター受益証券
     発行                         7,749,732        109,431      16,009,467         241,652
     現金分配に代えて発行                         2,435,264         33,011      2,255,725         33,764
        1
                             (25,048,279)         (342,517)      (15,458,304)         (222,427)
     買戻し
     純増加   ( 減少  ) 額
                             (14,863,283)         (200,075)       2,806,888         52,989
     －インベスター受益証券
     ETF  受益証券
     発行                         25,747,266         171,544      18,928,131         135,252
     現金分配に代えて発行                             －       －        －       －
     買戻し                        (10,707,779)         (71,400)      (8,794,139)         (62,200)
     純増加   ( 減少  ) 額
                             15,039,487         100,144      10,133,992         73,052
     － ETF  受益証券
     アドミラル受益証券
       1
                             37,798,017         521,571      29,607,545         433,536
     発行
     現金分配に代えて発行                         3,668,017         49,584      3,114,582         46,549
     買戻し                        (27,813,734)         (383,118)      (23,729,824)         (348,197)
     純増加（減少）額
                             13,652,300         188,037       8,992,303        131,888
     －アドミラル受益証券
     インスティテューショナル受益証券
     発行                         18,127,281         253,986      27,433,744         407,227
     現金分配に代えて発行                         2,526,249         34,162      2,093,941         31,328
     買戻し                        (16,389,814)         (225,625)      (19,574,403)         (286,645)
     純増加（減少）額
                              4,263,716         62,523      9,953,282        151,910
     －インスティテューショナル受益証券
     インスティテューショナル・プラス
     受益証券
     発行                         23,108,140         173,405      31,228,823         248,199
     現金分配に代えて発行                         3,223,646         23,230      2,582,398         20,611
     買戻し                        (13,903,892)         (102,224)      (14,539,143)         (112,031)
     純増加（減少）額
     －インスティテューショナル・プラス                         12,427,894         94,411      19,272,078         156,779
     　受益証券
     インスティテューショナル・セレクト
     受益証券
     発行                         3,339,486         23,224      9,064,355         64,847
     現金分配に代えて発行                          467,850        3,217       351,965        2,683
     買戻し                         (3,446,207)         (23,715)      (1,292,675)         (9,583)
     純増加（減少）額
     －インスティテューショナル・セレクト                          361,129        2,726      8,123,645         57,947
     　受益証券
     １　  2018  年 11 月、当ファンドは、インベスターおよびアドミラル受益証券クラスの入手可能性および

       最低限の投資基準の変更について発表した。その結果、発行済の全インベスター受益証券は、バ
       ンガード・ファンドおよびその他の特定の機関投資家が保有する受益証券を除き、                                           2019  年４月か
       ら自動的にアドミラル受益証券に転換された。インベスター受益証券－買戻しおよびアドミラル
       受益証券－発行には、            2019  年 12 月 31 日終了計算期間の転換による、それぞれ                     153,030,000      口および
       152,973,000      口、総額     11,326,553,000        米ドルが含まれている。
                                300/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Ｈ．経営陣は、本財務書類への認識または開示が要求されることとなる、                                      2019  年 12 月 31 日以降に発生した事

       象または取引がなかったと判断した。
    次へ

                                301/564


















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Statements
     Statement      of Net  Assets

     As  of December     31,  2019
     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.
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
                1
     Common     Stocks   (99.7%)
     Basic   Materials     (2.2%)
        Linde   plc
                                           15,134,929         3,222,226
        Air  Products    & Chemicals     Inc.
                                            6,202,815         1,457,599
        Ecolab   Inc.
                                            7,305,117         1,409,815
        DuPont    de Nemours    Inc.
                                           20,873,003         1,340,047
        Dow   Inc.
                                           20,929,539         1,145,474
        Newmont     Goldcorp     Corp.
                                           23,107,807         1,004,034
        PPG  Industries     Inc.
                                            6,646,159         887,196
        LyondellBasell       Industries     NV  Class   A
                                            7,047,120         665,812
        Freeport-McMoRan          Inc.
                                           38,833,880          509,501
        International      Paper   Co.
                                           11,058,509          509,244
        Nucor   Corp.
                                            8,537,296         480,479
        Celanese    Corp.   Class   A
                                            3,406,597         419,420
        International      Flavors    & Fragrances     Inc.
                                            3,004,135         387,593
        FMC   Corp.
                                            3,655,457         364,888
        Avery   Dennison     Corp.
                                            2,355,232         308,111
        CF  Industries     Holdings    Inc.
                                            6,130,780         292,683
        RPM   International      Inc.
                                            3,648,559         280,063
        Eastman    Chemical     Co.
                                            3,457,498         274,041
        Royal   Gold   Inc.
                                            1,842,944         225,300
        Albemarle     Corp.
                                            2,984,304         217,974
        Reliance    Steel   & Aluminum     Co.
                                            1,777,724         212,900
        Mosaic    Co.
                                            9,628,626         208,363
        Steel   Dynamics     Inc.
                                            5,791,420         197,140
     *
        Axalta   Coating    Systems    Ltd.
                                            5,902,140         179,425
        Huntsman     Corp.
                                            5,801,106         140,155
        WR  Grace   & Co.
                                            1,865,484         130,304
        Ashland    Global   Holdings    Inc.
                                            1,702,064         130,259
        NewMarket      Corp.
                                             266,961         129,882
        Scotts   Miracle-Gro      Co.
                                            1,107,569         117,602
     *
        Univar    Solutions     Inc.
                                            4,745,763         115,037
     *
        Alcoa   Corp.
                                            5,232,726         112,556
     *
        Ingevity    Corp.
                                            1,181,170         103,211
        Balchem    Corp.
                                             913,136         92,802
        Chemours     Co.
                                            4,591,159          83,054
        PolyOne    Corp.
                                            2,178,343          80,141
        Sensient    Technologies       Corp.
                                            1,187,405          78,476
        Olin  Corp.
                                            4,476,055          77,212
                                302/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Westlake     Chemical     Corp.
                                            1,084,804          76,099
        HB  Fuller   Co.
                                            1,437,003          74,106
        Commercial      Metals   Co.
                                            3,321,882          73,978
        Innospec    Inc.
                                             685,977         70,957
     *
        Element    Solutions     Inc.
                                            6,062,971          70,815
        Cabot   Corp.
                                            1,448,198          68,818
        Carpenter     Technology      Corp.
                                            1,357,669          67,585
     ^
        Cleveland-Cliffs        Inc.
                                            7,536,994          63,311
        Quaker    Chemical     Corp.
                                             378,340         62,244
        Domtar    Corp.
                                            1,610,013          61,567
        Compass    Minerals    International      Inc.
                                             955,846         58,268
        Stepan   Co.
                                             565,290         57,908
        Minerals    Technologies       Inc.
                                             978,061         56,366
     ^
        United   States   Steel   Corp.
                                            4,764,758          54,366
     *
        Coeur   Mining    Inc.
                                            6,144,234          49,645
                                303/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Kaiser   Aluminum     Corp.
                                             447,290         49,600
        Hecla   Mining    Co.
                                           13,977,833           47,385
        Worthington      Industries     Inc.
                                            1,044,716          44,066
     *
        GCP   Applied    Technologies       Inc.
                                            1,689,907          38,378
        Schweitzer-Mauduit          International      Inc.
                                             874,408         36,716
     *
        Ferro   Corp.
                                            2,332,299          34,588
        Materion    Corp.
                                             558,542         33,205
        Neenah    Inc.
                                             462,801         32,595
        Warrior    Met  Coal  Inc.
                                            1,413,990          29,878
        Arch   Coal  Inc.  Class   A
                                             411,588         29,527
     *
        AK  Steel   Holding    Corp.
                                            8,240,587          27,112
        Tronox    Holdings     plc  Class   A
                                            2,358,953          26,939
        Chase   Corp.
                                             194,326         23,024
     *
        Kraton   Corp.
                                             905,710         22,933
        PH  Glatfelter     Co.
                                            1,228,250          22,477
        GrafTech     International      Ltd.
                                            1,901,307          22,093
     *
        Koppers    Holdings    Inc.
                                             534,736         20,438
     *
        PQ  Group   Holdings    Inc.
                                            1,175,974          20,203
        Tredegar    Corp.
                                             846,265         18,914
        Innophos     Holdings    Inc.
                                             560,944         17,939
        Peabody    Energy    Corp.
                                            1,846,360          16,839
     *
        Verso   Corp.
                                             896,052         16,156
     *
        AdvanSix     Inc.
                                             804,471         16,057
        SunCoke     Energy    Inc.
                                            2,568,204          16,000
        Schnitzer     Steel   Industries     Inc.
                                             710,227         15,398
        American     Vanguard     Corp.
                                             778,580         15,159
     *
        OMNOVA      Solutions     Inc.
                                            1,285,015          12,992
        Haynes    International      Inc.
                                             362,822         12,982
        US  Silica   Holdings    Inc.
                                            2,090,691          12,858
        Hawkins    Inc.
                                             280,320         12,841
     *
        Century    Aluminum     Co.
                                            1,417,898          10,656
        Gold   Resource     Corp.
                                            1,877,491          10,401
     *
        Clearwater     Paper   Corp.
                                             465,239          9,938
        Kronos    Worldwide      Inc.
                                             739,566          9,910
        FutureFuel     Corp.
                                             731,582          9,064
     *
        TimkenSteel      Corp.
                                            1,000,122           7,861
     *
        Resolute    Forest   Products    Inc.
                                            1,670,830           7,017
     *
        CONSOL     Energy    Inc.
                                             473,551          6,871
     *
        Intrepid    Potash   Inc.
                                            2,429,814           6,585
        Rayonier    Advanced     Materials     Inc.
                                            1,616,669           6,208
     *,^
        ChromaDex      Corp.
                                            1,265,117           5,453
        Olympic    Steel   Inc.
                                             298,044          5,341
     *,^
        Energy    Fuels   Inc.
                                            2,667,456           5,095
     *
        Ryerson    Holding    Corp.
                                             410,113          4,852
     *
        Contura    Energy    Inc.
                                             526,551          4,765
     *,^
        Uranium    Energy    Corp.
                                            4,831,743           4,441
     *
        Universal     Stainless    & Alloy   Products    Inc.
                                             275,820          4,110
     *
        Synalloy    Corp.
                                             280,770          3,625
     *
        LSB  Industries     Inc.
                                             681,035          2,860
                                304/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Ur-Energy     Inc.
                                            4,610,759           2,713
     *,^
        AgroFresh     Solutions     Inc.
                                            1,033,962           2,668
        Northern    Technologies       International      Corp.
                                             159,019          2,236
     *,^
        Hi-Crush     Inc.
                                            2,164,803           1,911
     *
        Marrone    Bio  Innovations      Inc.
                                            1,883,507           1,902
        Hallador    Energy    Co.
                                             471,119          1,399
     *
        Ampco-Pittsburgh         Corp.
                                             420,452          1,266
        United-Guardian        Inc.
                                             52,756         1,037
     *
        Ramaco    Resources     Inc.
                                             231,486           829
        Friedman     Industries     Inc.
                                             125,686           757
     *
        Centrus    Energy    Corp.   Class   A
                                             95,059          654
     *
        General    Moly   Inc.
                                            1,633,202           371
     *
        Senestech     Inc.
                                             325,961           179
     *
        US  Antimony     Corp.
                                             409,122           158
        Flexible    Solutions     International      Inc.
                                             54,447          140
     *,^
        US  Gold   Corp.
                                             133,257           108
     *
        NL  Industries     Inc.
                                             26,976          105
                                305/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Paramount     Gold   Nevada    Corp.
                                             65,976           51
     *
        Golden    Minerals    Co.
                                             130,813           41
     *
        Solitario    Zinc  Corp.
                                             107,374           32
     *
        Ikonics    Corp.
                                                        11
                                              2,096
                                                    19,444,965
     Consumer     Goods   (7.9%)
        Procter    & Gamble    Co.
                                           70,247,910         8,773,964
        Coca-Cola     Co.
                                           108,645,223          6,013,513
        PepsiCo    Inc.
                                           39,282,426         5,368,729
        Philip   Morris   International      Inc.
                                           43,826,136         3,729,166
        NIKE   Inc.  Class   B
                                           35,096,598         3,555,636
        Altria   Group   Inc.
                                           52,623,126         2,626,420
        Mondelez     International      Inc.  Class   A
                                           40,570,077         2,234,600
     *,^
        Tesla   Inc.
                                            4,061,017         1,698,845
        Colgate-Palmolive         Co.
                                           24,144,877         1,662,133
        Kimberly-Clark        Corp.
                                            9,666,055         1,329,566
        General    Motors    Co.
                                           36,177,178         1,324,085
        Estee   Lauder    Cos.  Inc.  Class   A
                                            6,261,287         1,293,206
        Activision     Blizzard    Inc.
                                           21,645,599         1,286,182
        Ford  Motor   Co.
                                           109,743,140          1,020,611
        VF  Corp.
                                            9,554,534         952,205
        General    Mills   Inc.
                                           17,007,425          910,918
     *
        Electronic     Arts  Inc.
                                            8,230,572         884,869
        Constellation      Brands    Inc.  Class   A
                                            4,250,806         806,590
     *
        Lululemon     Athletica    Inc.
                                            3,291,813         762,614
        Tyson   Foods   Inc.  Class   A
                                            8,317,746         757,248
        Archer-Daniels-Midland            Co.
                                           15,666,228          726,130
        Aptiv   plc
                                            7,190,659         682,897
     *
        Monster    Beverage     Corp.
                                           10,616,245          674,662
        Corteva    Inc.
                                           21,074,302          622,956
        Hershey    Co.
                                            4,181,939         614,661
        Kraft   Heinz   Co.
                                           18,935,664          608,403
        McCormick      & Co.  Inc.
                                            3,480,731         590,784
        Brown-Forman       Corp.   Class   B
                                            8,230,479         556,380
        Clorox   Co.
                                            3,538,701         543,332
        DR  Horton    Inc.
                                            9,881,146         521,230
        Kellogg    Co.
                                            7,211,280         498,732
        Church    & Dwight    Co.  Inc.
                                            6,932,191         487,610
        Conagra    Brands    Inc.
                                           13,688,139          468,682
        Lennar    Corp.   Class   A
                                            7,887,210         440,027
        Genuine    Parts   Co.
                                            3,894,236         413,685
        Garmin    Ltd.
                                            4,014,916         391,695
     *
        Take-Two     Interactive     Software    Inc.
                                            3,198,333         391,572
        Hasbro    Inc.
                                            3,622,409         382,563
     *
        NVR   Inc.
                                             98,911        376,694
        Lamb   Weston    Holdings    Inc.
                                            4,100,190         352,739
        Hormel    Foods   Corp.
                                            7,508,017         338,687
        JM  Smucker    Co.
                                            3,046,937         317,278
        PulteGroup      Inc.
                                            7,280,355         282,478
                                306/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        LKQ   Corp.
                                            7,784,363         277,902
        Campbell     Soup   Co.
                                            5,484,164         271,027
        Molson    Coors   Brewing    Co.  Class   B
                                            4,964,569         267,590
        Whirlpool     Corp.
                                            1,783,732         263,154
     *
        US  Foods   Holding    Corp.
                                            6,160,319         258,056
        Fortune    Brands    Home   & Security    Inc.
                                            3,924,027         256,396
        BorgWarner      Inc.
                                            5,818,734         252,417
        Lear  Corp.
                                            1,701,759         233,481
     ^
        Keurig    Dr Pepper   Inc.
                                            7,934,550         229,705
        Pool  Corp.
                                            1,067,699         226,758
     *
        Mohawk    Industries     Inc.
                                            1,615,537         220,327
        PVH   Corp.
                                            2,085,691         219,310
        Bunge   Ltd.
                                            3,791,455         218,198
        Tapestry    Inc.
                                            7,785,989         209,988
        Newell    Brands    Inc.
                                           10,756,552          206,741
        Gentex    Corp.
                                            7,131,260         206,664
     *
        Post  Holdings    Inc.
                                            1,799,775         196,355
                                307/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        WABCO     Holdings    Inc.
                                            1,436,623         194,662
        Leggett    & Platt  Inc.
                                            3,684,117         187,264
        Ingredion     Inc.
                                            1,877,205         174,486
     *
        Middleby     Corp.
                                            1,566,526         171,566
        Polaris   Inc.
                                            1,637,223         166,506
        Harley-Davidson        Inc.
                                            4,357,801         162,067
     *
        Skechers    U.S.A.   Inc.  Class   A
                                            3,745,337         161,761
     *,^
        Wayfair    Inc.
                                            1,761,430         159,180
        Ralph   Lauren    Corp.   Class   A
                                            1,334,207         156,396
     *
        Capri   Holdings    Ltd.
                                            4,057,555         154,796
        Hanesbrands      Inc.
                                           10,144,260          150,642
     *
        Zynga   Inc.  Class   A
                                           24,014,936          146,971
        Toll  Brothers    Inc.
                                            3,590,882         141,876
        Brunswick     Corp.
                                            2,304,070         138,198
        Carter's    Inc.
                                            1,246,513         136,294
     *
        Deckers    Outdoor    Corp.
                                             789,599         133,332
     *,^
        Mattel   Inc.
                                            9,706,289         131,520
     *
        Darling    Ingredients     Inc.
                                            4,621,428         129,770
     *
        Herbalife     Nutrition    Ltd.
                                            2,702,156         128,812
     *
        Helen   of Troy   Ltd.
                                             705,039         126,759
     *
        Tempur    Sealy   International      Inc.
                                            1,368,424         119,135
     *,^
        Under   Armour    Inc.  Class   A
                                            5,481,887         118,409
        Valvoline     Inc.
                                            5,304,627         113,572
        Flowers    Foods   Inc.
                                            5,108,089         111,050
        Thor   Industries     Inc.
                                            1,472,493         109,392
        Goodyear     Tire  & Rubber    Co.
                                            6,531,268         101,594
     *
        Under   Armour    Inc.  Class    C 
                                            5,281,232         101,294
        Sanderson     Farms   Inc.
                                             559,343         98,567
        Coty   Inc.  Class   A
                                            8,492,762          95,544
        Steven   Madden    Ltd.
                                            2,159,509          92,880
     *
        Boston    Beer  Co.  Inc.  Class   A
                                             231,968         87,649
     ^
        Energizer     Holdings     Inc.
                                            1,743,502          87,559
        Lancaster     Colony    Corp.
                                             539,254         86,335
        KB  Home
                                            2,489,883          85,328
        Columbia     Sportswear     Co.
                                             851,529         85,315
     *,^
        Beyond    Meat   Inc.
                                            1,127,143          85,212
        Spectrum     Brands    Holdings    Inc.
                                            1,308,758          84,140
        J&J  Snack   Foods   Corp.
                                             420,985         77,575
     *
        Crocs   Inc.
                                            1,851,517          77,560
     *
        TreeHouse     Foods   Inc.
                                            1,582,810          76,766
        WD-40    Co.
                                             387,137         75,159
        Wolverine     World   Wide   Inc.
                                            2,185,137          73,727
        Dana   Inc.
                                            4,032,119          73,385
        LCI  Industries
                                             668,213         71,586
     *
        Fox  Factory    Holding    Corp.
                                            1,012,342          70,429
        Herman    Miller   Inc.
                                            1,659,985          69,138
     *
        Visteon    Corp.
                                             785,865         68,048
        Kontoor    Brands    Inc.
                                            1,580,205          66,353
     *
        Taylor   Morrison     Home   Corp.   Class   A
                                            2,989,071          65,341
                                308/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Nu  Skin  Enterprises     Inc.  Class   A
                                            1,562,218          64,020
     *
        Meritage    Homes    Corp.
                                            1,024,336          62,597
     *
        TRI  Pointe   Group   Inc.
                                            3,942,953          61,431
     *
        Dorman    Products    Inc.
                                             790,259         59,838
     *
        Hain   Celestial    Group   Inc.
                                            2,193,727          56,938
     *
        Freshpet    Inc.
                                             960,760         56,771
        Callaway     Golf  Co.
                                            2,673,810          56,685
     *
        Welbilt    Inc.
                                            3,588,544          56,017
     *
        Meritor    Inc.
                                            2,098,924          54,971
        MDC   Holdings    Inc.
                                            1,405,561          53,636
        Steelcase     Inc.  Class   A
                                            2,413,679          49,384
     *
        Cavco   Industries     Inc.
                                             248,889         48,628
        Winnebago      Industries     Inc.
                                             899,276         47,644
     *
        Edgewell     Personal    Care  Co.
                                            1,535,442          47,537
     *
        Hostess    Brands    Inc.  Class   A
                                            3,223,157          46,865
     *
        Pilgrim's    Pride   Corp.
                                            1,393,176          45,578
        HNI  Corp.
                                            1,203,710          45,091
                                309/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Skyline    Champion     Corp.
                                            1,419,706          45,005
     *
        American     Woodmark      Corp.
                                             429,369         44,873
        Vector    Group   Ltd.
                                            3,264,524          43,712
        La-Z-Boy     Inc.
                                            1,340,093          42,186
     *
        Fitbit   Inc.  Class   A
                                            6,330,754          41,593
     *
        G-III   Apparel    Group   Ltd.
                                            1,238,480          41,489
     *
        Gentherm     Inc.
                                             928,252         41,205
        Calavo    Growers    Inc.
                                             453,747         41,105
        Cooper    Tire  & Rubber    Co.
                                            1,426,937          41,024
     *,^
        iRobot   Corp.
                                             795,961         40,300
     *
        LGI  Homes    Inc.
                                             551,390         38,956
     *,^
        YETI   Holdings    Inc.
                                            1,084,148          37,707
        Universal     Corp.
                                             657,191         37,499
        Coca-Cola     Consolidated      Inc.
                                             130,883         37,177
     *
        Sleep   Number    Corp.
                                             744,054         36,637
        Inter  Parfums    Inc.
                                             493,736         35,900
        Oxford    Industries     Inc.
                                             470,129         35,457
        Cal-Maine     Foods   Inc.
                                             817,054         34,929
        Knoll   Inc.
                                            1,345,340          33,983
     ^
        Medifast    Inc.
                                             309,565         33,922
     *
        American     Axle   & Manufacturing       Holdings    Inc.
                                            3,137,752          33,762
     ^
        B&G   Foods   Inc.
                                            1,845,779          33,095
        Acushnet     Holdings    Corp.
                                             966,503         31,411
     *
        Delphi   Technologies       plc
                                            2,445,472          31,375
     *
        M/I  Homes    Inc.
                                             796,923         31,359
        Fresh   Del  Monte   Produce    Inc.
                                             881,466         30,834
     *
        Central    Garden    & Pet  Co.  Class   A
                                            1,022,445          30,019
        Seaboard     Corp.
                                              6,874        29,218
     *
        Sonos   Inc.
                                            1,838,860          28,723
        Standard    Motor   Products    Inc.
                                             531,214         28,271
        Interface    Inc.  Class   A
                                            1,682,177          27,907
     *
        USANA    Health   Sciences    Inc.
                                             345,962         27,175
        ACCO    Brands    Corp.
                                            2,744,110          25,685
        Levi  Strauss    & Co.  Class   A
                                            1,267,526          24,451
     *
        Malibu    Boats   Inc.  Class   A
                                             585,658         23,983
     *
        BellRing    Brands    Inc.  Class   A
                                            1,098,256          23,382
     *
        Stoneridge     Inc.
                                             740,741         21,719
        Sturm   Ruger   & Co.  Inc.
                                             461,151         21,688
        Andersons     Inc.
                                             836,620         21,150
        Kimball    International      Inc.  Class   B
                                            1,008,330          20,842
     *
        Century    Communities      Inc.
                                             759,958         20,785
     *
        Glu  Mobile    Inc.
                                            3,422,460          20,706
        John  B Sanfilippo     & Son  Inc.
                                             224,805         20,520
        Lennar    Corp.   Class   B
                                             453,325         20,264
        Tenneco    Inc.  Class   A
                                            1,456,659          19,082
        MGP   Ingredients     Inc.
                                             391,724         18,979
     *
        William    Lyon   Homes    Class   A
                                             930,802         18,597
     *
        Universal     Electronics     Inc.
                                             351,326         18,360
     *,^
        National    Beverage     Corp.
                                             334,076         17,045
                                310/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        elf  Beauty    Inc.
                                             940,340         15,168
     ^
        Tootsie    Roll  Industries     Inc.
                                             439,699         15,011
        Phibro   Animal    Health   Corp.   Class   A
                                             600,312         14,906
     *
        Cooper-Standard        Holdings    Inc.
                                             448,965         14,888
        National    Presto   Industries     Inc.
                                             164,379         14,529
     *,^
        GoPro   Inc.  Class   A
                                            3,241,645          14,069
     *
        American     Outdoor    Brands    Corp.
                                            1,496,453          13,887
        Ethan   Allen   Interiors    Inc.
                                             717,456         13,675
     ^
        Camping    World   Holdings    Inc.  Class   A
                                             911,815         13,440
     *
        Central    Garden    & Pet  Co.
                                             380,527         11,823
     *
        Primo   Water   Corp.
                                            1,038,170          11,653
     *
        Motorcar     Parts   of America    Inc.
                                             517,117         11,392
        Tupperware      Brands    Corp.
                                            1,318,193          11,310
     *
        Vista   Outdoor    Inc.
                                            1,476,522          11,044
        Johnson    Outdoors     Inc.  Class   A
                                             143,760         11,026
     *
        Beazer   Homes    USA   Inc.
                                             770,090         10,881
     *
        Fossil   Group   Inc.
                                            1,283,633          10,115
                                311/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Clarus   Corp.
                                             714,557          9,689
        Movado    Group   Inc.
                                             443,817          9,649
     *
        Unifi   Inc.
                                             359,769          9,088
     *
        Modine    Manufacturing       Co.
                                            1,178,722           9,076
     *
        MasterCraft      Boat  Holdings    Inc.
                                             553,293          8,714
     *
        Seneca    Foods   Corp.   Class   A
                                             206,433          8,420
        Alico   Inc.
                                             234,274          8,394
     *,^
        Funko   Inc.  Class   A
                                             483,902          8,304
     *
        Arlo  Technologies       Inc.
                                            1,927,657           8,115
        Limoneira     Co.
                                             420,319          8,083
     *
        Green   Brick   Partners    Inc.
                                             661,222          7,591
     *
        Vera   Bradley    Inc.
                                             642,798          7,585
        Hooker    Furniture     Corp.
                                             273,488          7,026
     *
        Farmer    Brothers    Co.
                                             424,072          6,387
     *
        Lifevantage      Corp.
                                             407,875          6,367
        Turning    Point   Brands    Inc.
                                             222,195          6,355
        Oil-Dri    Corp.   of America
                                             173,554          6,291
        Rocky   Brands    Inc.
                                             213,146          6,273
     *
        Delta   Apparel    Inc.
                                             197,895          6,155
     *
        ZAGG    Inc.
                                             756,831          6,138
     *,^
        Akoustis    Technologies       Inc.
                                             751,230          6,010
     *
        Craft   Brew   Alliance    Inc.
                                             331,080          5,463
        Titan   International      Inc.
                                            1,419,716           5,139
        Culp   Inc.
                                             376,330          5,126
     *
        Veru   Inc.
                                            1,418,778           4,753
        Weyco    Group   Inc.
                                             175,151          4,633
        Bassett    Furniture     Industries     Inc.
                                             259,296          4,325
        Flexsteel    Industries     Inc.
                                             205,657          4,097
     *,^
        22nd   Century    Group   Inc.
                                            3,650,521           4,016
     *
        XPEL   Inc.
                                             269,519          3,948
     *,^
        Celsius    Holdings    Inc.
                                             794,634          3,838
     *,^
        Revlon    Inc.  Class   A
                                             177,875          3,810
        Superior    Group   of Cos.  Inc.
                                             281,058          3,806
     *,^
        Lovesac    Co.
                                             229,480          3,683
        Hamilton     Beach   Brands    Holding    Co.  Class   A
                                             192,248          3,672
     *,^
        Eastman    Kodak   Co.
                                             742,241          3,451
        Strattec    Security    Corp.
                                             154,397          3,429
     *,^
        New  Age  Beverages     Corp.
                                            1,696,362           3,087
        Marine    Products    Corp.
                                             201,101          2,896
     *
        Lakeland     Industries     Inc.
                                             256,793          2,773
     *
        Legacy    Housing    Corp.
                                             163,128          2,714
     *,^
        Hovnanian     Enterprises     Inc.  Class   A
                                             107,089          2,235
     *
        Nature's    Sunshine    Products    Inc.
                                             242,920          2,169
        Lifetime    Brands    Inc.
                                             304,548          2,117
     *,^
        Pyxus   International      Inc.
                                             225,769          2,018
        Escalade    Inc.
                                             203,212          1,998
     *
        Shiloh   Industries     Inc.
                                             465,350          1,657
        Acme   United   Corp.
                                             67,139         1,597
        Rocky   Mountain     Chocolate     Factory    Inc.
                                             162,523          1,500
                                312/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Natural    Alternatives      International      Inc.
                                             185,746          1,482
        Superior    Industries     International      Inc.
                                             392,385          1,448
     *,^
        Vuzix   Corp.
                                             699,898          1,407
        Kewaunee     Scientific     Corp.
                                             97,556         1,312
     *
        Core   Molding    Technologies       Inc.
                                             379,867          1,235
     *
        Garrett    Motion    Inc.
                                             108,767          1,087
     *
        Coffee   Holding    Co.  Inc.
                                             230,234          1,059
     *
        Vince   Holding    Corp.
                                             60,190         1,042
     *
        RiceBran     Technologies
                                             695,111          1,022
     *
        Centric    Brands    Inc.
                                             424,318           921
     *
        S&W   Seed   Co.
                                             431,256           906
     *
        US  Auto   Parts   Network    Inc.
                                             410,256           903
     *
        Bridgford     Foods   Corp.
                                             34,961          867
     *
        Charles    & Colvard    Ltd.
                                             609,632           866
     *,^
        cbdMD    Inc.
                                             353,500           799
        Crown   Crafts   Inc.
                                             113,860           700
                                313/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        New  Home   Co.  Inc.
                                             136,011           634
     *
        Reed's   Inc.
                                             681,674           620
        Mannatech     Inc.
                                             37,357          585
     *
        Libbey    Inc.
                                             385,864           560
     *
        Tandy   Leather    Factory    Inc.
                                             93,624          535
     *
        LS  Starrett    Co.  Class   A
                                             85,681          490
     *
        Willamette     Valley   Vineyards     Inc.
                                             66,863          463
     *
        Nautilus    Inc.
                                             225,288           394
     *,^
        Sequential     Brands    Group   Inc.
                                             860,887           295
     *,^
        Innovate    Biopharmaceuticals         Inc.
                                             514,938           287
     *,^
        JAKKS    Pacific    Inc.
                                             260,169           268
        Jerash   Holdings    US  Inc.
                                             41,854          245
     *
        Lipocine    Inc.
                                             618,404           238
        CompX    International      Inc.
                                             12,502          182
     *
        Greenlane     Holdings    Inc.  Class   A
                                             56,000          182
        P&F  Industries     Inc.  Class   A
                                             19,462          134
     *
        Zedge   Inc.  Class   B
                                             81,694          126
        Unique    Fabricating      Inc.
                                             25,425           98
     *
        Lifeway    Foods   Inc.
                                             43,222           86
     *,^
        Nova   Lifestyle    Inc.
                                             45,062           83
        Ocean   Bio-Chem     Inc.
                                             24,882           82
     *
        Koss   Corp.
                                             17,870           28
     *
        Hovnanian     Enterprises     Inc.  Class   B
                                               772         16
     *
        Cyanotech     Corp.
                                               600          1
     *
        Emerson    Radio   Corp.
                                                        -
                                               432
                                                    70,784,788
     Consumer     Services    (13.2%)
     *
        Amazon.com      Inc.
                                           11,871,374         21,936,400
        Walt   Disney    Co.
                                           50,771,905         7,343,141
        Home   Depot   Inc.
                                           30,725,148         6,709,758
        Comcast    Corp.   Class   A
                                           127,898,595          5,751,600
        Walmart    Inc.
                                           40,068,176         4,761,702
        McDonald's      Corp.
                                           21,217,409         4,192,772
     *
        Netflix    Inc.
                                           12,347,098         3,995,150
        Costco   Wholesale     Corp.
                                           12,386,682         3,640,694
        Starbucks     Corp.
                                           31,609,975         2,779,149
        CVS   Health   Corp.
                                           36,634,757         2,721,596
        Lowe's    Cos.  Inc.
                                           21,739,946         2,603,576
     *
        Booking    Holdings    Inc.
                                            1,179,201         2,421,760
     *
        Charter    Communications        Inc.  Class   A
                                            4,235,727         2,054,666
        TJX  Cos.  Inc.
                                           30,660,288         1,872,117
        Target   Corp.
                                           14,275,583         1,830,272
        Walgreens     Boots   Alliance    Inc.
                                           21,390,905         1,261,208
        Ross   Stores   Inc.
                                           10,195,715         1,186,985
        Sysco   Corp.
                                           13,666,686         1,169,048
        Dollar   General    Corp.
                                            7,247,345         1,130,441
        Marriott    International      Inc.  Class   A
                                            7,370,676         1,116,141
        Delta   Air  Lines   Inc.
                                           16,395,146          958,788
     *
        O'Reilly    Automotive      Inc.
                                            2,132,320         934,511
                                314/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Hilton   Worldwide      Holdings    Inc.
                                            7,948,107         881,525
        Yum!   Brands    Inc.
                                            8,528,835         859,110
     *
        Uber   Technologies       Inc.
                                           28,840,617          857,720
     *
        AutoZone     Inc.
                                             671,407         799,854
        eBay   Inc.
                                           21,788,419          786,780
        Las  Vegas   Sands   Corp.
                                           10,822,395          747,178
        Southwest     Airlines    Co.
                                           13,344,157          720,318
        McKesson     Corp.
                                            5,078,274         702,427
     *
        Chipotle    Mexican    Grill  Inc.  Class   A
                                             782,580         655,106
        Kroger    Co.
                                           22,585,591          654,756
        ViacomCBS      Inc.  Class   B
                                           15,384,339          645,681
        Royal   Caribbean     Cruises    Ltd.
                                            4,718,677         629,991
     *
        Dollar   Tree  Inc.
                                            6,663,816         626,732
     *
        Liberty    Broadband     Corp.
                                            4,550,701         572,251
        Carnival    Corp.
                                           11,119,249          565,191
                                315/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Best  Buy  Co.  Inc.
                                            6,315,011         554,458
     *
        Copart   Inc.
                                            5,882,191         534,926
     *
        United   Airlines    Holdings    Inc.
                                            6,055,305         533,412
        Omnicom     Group   Inc.
                                            6,118,427         495,715
        MGM   Resorts    International
                                           13,038,878          433,803
        Tiffany    & Co.
                                            3,212,118         429,300
     *
        Burlington     Stores   Inc.
                                            1,866,332         425,580
        Expedia    Group   Inc.
                                            3,925,090         424,459
     *
        CarMax    Inc.
                                            4,635,371         406,383
     *
        Ulta  Beauty    Inc.
                                            1,574,650         398,607
        Darden    Restaurants      Inc.
                                            3,454,243         376,547
        Fox  Corp.   Class   A
                                            9,785,229         362,738
        Wynn   Resorts    Ltd.
                                            2,570,243         356,930
     *
        Norwegian     Cruise   Line  Holdings    Ltd.
                                            6,004,062         350,697
        AmerisourceBergen          Corp.   Class   A
                                            4,066,100         345,700
        Domino's     Pizza   Inc.
                                            1,152,286         338,519
     *
        Roku   Inc.
                                            2,449,406         327,975
        American     Airlines    Group   Inc.
                                           11,115,509          318,793
        Tractor    Supply    Co.
                                            3,338,429         311,943
        Aramark
                                            7,016,113         304,499
        Advance    Auto   Parts   Inc.
                                            1,856,949         297,409
     *
        Trade   Desk   Inc.  Class   A
                                            1,121,728         291,402
        FactSet    Research    Systems    Inc.
                                            1,069,290         286,891
     *
        Live  Nation   Entertainment       Inc.
                                            3,896,810         278,505
     *
        Discovery     Inc.  Series    C 
                                            9,032,085         275,388
        Vail  Resorts    Inc.
                                            1,131,853         271,452
        Interpublic     Group   of Cos.  Inc.
                                           10,866,228          251,010
     *
        Bright   Horizons    Family    Solutions     Inc.
                                            1,637,320         246,073
     *
        Liberty    Media   Corp-Liberty      Formula    One
                                            5,313,118         244,217
     *
        Altice   USA   Inc.  Class   A
                                            8,905,128         243,466
     *
        Lyft  Inc.  Class   A
                                            5,658,550         243,431
     *
        DISH   Network    Corp.   Class   A
                                            6,752,869         239,524
        Alaska   Air  Group   Inc.
                                            3,480,301         235,790
        Kohl's   Corp.
                                            4,491,114         228,822
     ^
        Sirius   XM  Holdings     Inc.
                                           31,259,886          223,508
        Service    Corp.   International
                                            4,853,434         223,404
        Cable   One  Inc.
                                             144,837         215,586
     *
        Caesars    Entertainment       Corp.
                                           15,217,209          206,954
        Nielsen    Holdings    plc
                                           10,019,981          203,406
     *
        Five  Below   Inc.
                                            1,568,973         200,609
     *
        Liberty    Media   Corp-Liberty      SiriusXM     Class    C 
                                            4,146,713         199,623
        News   Corp.   Class   A
                                           13,801,624          195,155
     *
        IAA  Inc.
                                            3,755,409         176,730
        Dunkin'    Brands    Group   Inc.
                                            2,325,778         175,689
        Sabre   Corp.
                                            7,727,133         173,397
     *
        Planet   Fitness    Inc.  Class   A
                                            2,313,551         172,776
        Fox  Corp.   Class   B
                                            4,694,987         170,898
     *
        Performance      Food   Group   Co.
                                            3,291,900         169,467
        Wyndham     Hotels   & Resorts    Inc.
                                            2,692,968         169,145
                                316/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Casey's    General    Stores   Inc.
                                            1,029,572         163,692
     ^
        Williams-Sonoma         Inc.
                                            2,178,915         160,020
     *,^
        Discovery     Inc.  Series   A
                                            4,823,340         157,916
     *
        JetBlue    Airways    Corp.
                                            8,151,936         152,604
     *
        Madison    Square   Garden    Co.  Class   A
                                             516,109         151,834
     *
        ServiceMaster       Global   Holdings    Inc.
                                            3,830,786         148,098
     *
        Etsy  Inc.
                                            3,341,016         148,007
        Macy's    Inc.
                                            8,677,875         147,524
        Nexstar    Media   Group   Inc.  Class   A
                                            1,225,259         143,662
        Gap  Inc.
                                            7,855,961         138,893
        Rollins    Inc.
                                            4,186,178         138,814
        H&R   Block   Inc.
                                            5,652,542         132,722
        Wyndham     Destinations      Inc.
                                            2,546,903         131,649
        Churchill     Downs    Inc.
                                             956,863         131,282
     *,^
        Carvana    Co.  Class   A
                                            1,422,556         130,946
                                317/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Grand   Canyon    Education     Inc.
                                            1,359,164         130,194
        Marriott    Vacations     Worldwide      Corp.
                                            1,010,047         130,054
        New  York   Times   Co.  Class   A
                                            3,962,669         127,479
     *
        GrubHub     Inc.
                                            2,569,600         124,985
     ^
        Nordstrom     Inc.
                                            3,050,761         124,868
     *
        Liberty    Media   Corp-Liberty      SiriusXM     Class   A
                                            2,578,049         124,623
     *
        Chegg   Inc.
                                            3,244,092         122,984
        L Brands    Inc.
                                            6,603,789         119,661
        Dolby   Laboratories      Inc.  Class   A
                                            1,717,780         118,183
        Foot  Locker    Inc.
                                            3,020,365         117,764
     *
        Floor   & Decor   Holdings    Inc.  Class   A
                                            2,276,675         115,678
        Wendy's    Co.
                                            5,175,892         114,957
     *
        frontdoor     Inc.
                                            2,371,337         112,449
     *
        AutoNation      Inc.
                                            2,252,895         109,558
        Aaron's    Inc.
                                            1,898,105         108,401
        Texas   Roadhouse     Inc.  Class   A
                                            1,865,456         105,062
        Choice    Hotels   International      Inc.
                                            1,009,443         104,407
     *,^
        Eldorado    Resorts    Inc.
                                            1,737,193         103,606
     ^
        Cracker    Barrel   Old  Country    Store   Inc.
                                             670,476         103,079
        TEGNA    Inc.
                                            6,091,391         101,665
        Six  Flags   Entertainment       Corp.
                                            2,246,343         101,333
        Cinemark     Holdings    Inc.
                                            2,989,667         101,200
     *
        Ollie's   Bargain    Outlet   Holdings    Inc.
                                            1,514,283          98,898
     *
        Murphy    USA   Inc.
                                             824,488         96,465
        AMERCO
                                             247,196         92,901
     *
        Qurate   Retail   Group   Inc.  QVC   Group   Class   A
                                           11,003,782           92,762
        Strategic    Education     Inc.
                                             581,630         92,421
        TripAdvisor      Inc.
                                            3,024,365          91,880
        Morningstar      Inc.
                                             600,381         90,844
     *,^
        RH
                                             420,946         89,872
        Lithia   Motors    Inc.  Class   A
                                             609,966         89,665
        Hyatt   Hotels   Corp.   Class   A
                                             998,255         89,553
     *
        BJ's  Wholesale     Club   Holdings    Inc.
                                            3,867,212          87,940
     *
        LiveRamp     Holdings    Inc.
                                            1,817,524          87,368
        SkyWest     Inc.
                                            1,348,608          87,161
     ^
        World   Wrestling     Entertainment       Inc.  Class   A
                                            1,338,806          86,848
        Dick's   Sporting    Goods   Inc.
                                            1,708,485          84,553
     *
        Hilton   Grand   Vacations     Inc.
                                            2,409,284          82,855
     *
        Penn   National    Gaming    Inc.
                                            3,116,455          79,657
        KAR   Auction    Services    Inc.
                                            3,640,234          79,321
     *
        Spirit   Airlines    Inc.
                                            1,936,542          78,062
     *
        Cargurus     Inc.
                                            2,190,803          77,072
        Extended     Stay  America    Inc.
                                            5,161,078          76,694
        Graham    Holdings    Co.  Class   B
                                             115,792         73,990
        Wingstop     Inc.
                                             826,925         71,306
     *
        National    Vision   Holdings    Inc.
                                            2,197,486          71,264
        Monro   Inc.
                                             894,669         69,963
     *
        Simply    Good   Foods   Co.
                                            2,401,388          68,536
     *
        Yelp   Inc.  Class   A
                                            1,895,200          66,010
                                318/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Boyd   Gaming    Corp.
                                            2,191,712          65,620
        John  Wiley   & Sons   Inc.  Class   A
                                            1,346,781          65,346
     *
        Sprouts    Farmers    Market    Inc.
                                            3,338,689          64,604
        Allegiant     Travel   Co.  Class   A
                                             365,445         63,602
        American     Eagle   Outfitters     Inc.
                                            4,305,376          63,289
        Hillenbrand      Inc.
                                            1,851,769          61,682
     *
        Asbury    Automotive      Group   Inc.
                                             538,214         60,167
     *
        Sally   Beauty    Holdings    Inc.
                                            3,282,607          59,908
        Sinclair    Broadcast     Group   Inc.  Class   A
                                            1,790,781          59,705
     ^
        Bed  Bath  & Beyond    Inc.
                                            3,379,594          58,467
     *
        Laureate    Education     Inc.  Class   A
                                            3,249,528          57,224
     *
        Adtalem    Global   Education     Inc.
                                            1,558,503          54,501
        Bloomin'     Brands    Inc.
                                            2,449,200          54,054
     *
        Gray   Television     Inc.
                                            2,479,178          53,154
        Jack  in the  Box  Inc.
                                             663,708         51,789
                                319/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        WW  International      Inc.
                                            1,320,604          50,460
     *
        Avis   Budget    Group   Inc.
                                            1,537,057          49,555
        Group   1 Automotive      Inc.
                                             494,697         49,470
     *
        Shake   Shack   Inc.  Class   A
                                             807,999         48,132
     *
        AMC   Networks     Inc.  Class   A
                                            1,194,360          47,177
        PriceSmart     Inc.
                                             657,878         46,722
     *
        Urban   Outfitters     Inc.
                                            1,652,154          45,880
     *
        SeaWorld     Entertainment       Inc.
                                            1,443,859          45,785
        Red  Rock   Resorts    Inc.  Class   A
                                            1,903,807          45,596
        Penske    Automotive      Group   Inc.
                                             902,068         45,302
        Brinker    International      Inc.
                                            1,062,550          44,627
        Cheesecake      Factory    Inc.
                                            1,139,835          44,294
     *
        Hertz   Global   Holdings    Inc.
                                            2,803,117          44,149
        Papa   John's   International      Inc.
                                             675,134         42,635
        Office   Depot   Inc.
                                           15,349,532           42,058
     *
        Scientific     Games   Corp.
                                            1,569,435          42,029
     *
        2U  Inc.
                                            1,702,372          40,840
        Viad   Corp.
                                             588,048         39,693
        Rent-A-Center       Inc.
                                            1,365,097          39,369
        Dine   Brands    Global   Inc.
                                             462,475         38,626
     *
        Stamps.com      Inc.
                                             459,126         38,346
     *,^
        Stitch   Fix  Inc.  Class   A
                                            1,479,844          37,973
        Hawaiian     Holdings    Inc.
                                            1,273,863          37,311
     *
        Career   Education     Corp.
                                            2,014,485          37,046
     *
        Liberty    Media   Corp-Liberty      Formula    One  Class   A
                                             817,228         35,778
     *
        Boot   Barn   Holdings    Inc.
                                             798,229         35,545
     *
        Chewy    Inc.
                                            1,223,246          35,474
        Dave   & Buster's    Entertainment       Inc.
                                             875,757         35,179
        Meredith    Corp.
                                            1,074,843          34,900
        Core-Mark     Holding    Co.  Inc.
                                            1,265,344          34,405
     *
        Herc   Holdings    Inc.
                                             683,570         33,454
        Matthews     International      Corp.   Class   A
                                             869,499         33,189
     *
        Groupon    Inc.  Class   A
                                           13,775,955           32,925
     *,^
        Trupanion     Inc.
                                             857,148         32,109
     *
        Denny's    Corp.
                                            1,611,851          32,044
        Signet   Jewelers    Ltd.
                                            1,454,412          31,619
        Big  Lots  Inc.
                                            1,096,533          31,492
     *,^
        Peloton    Interactive     Inc.  Class   A
                                            1,091,899          31,010
     *
        Liberty    Media   Corp-Liberty      Braves    Class    C 
                                            1,048,151          30,962
        Abercrombie      & Fitch   Co.
                                            1,712,497          29,609
     *
        Clear   Channel    Outdoor    Holdings    Inc.
                                           10,044,097           28,726
     *
        Grocery    Outlet   Holding    Corp.
                                             880,523         28,573
     *
        Liberty    Broadband     Corp.   Class   A
                                             228,766         28,495
        Designer    Brands    Inc.  Class   A
                                            1,777,282          27,974
     *
        Chefs'   Warehouse      Inc.
                                             712,966         27,171
     *,^
        Accel   Entertainment       Inc.
                                            2,138,642          26,733
     *
        SP  Plus  Corp.
                                             628,299         26,659
        Caleres    Inc.
                                            1,113,964          26,457
     ^
        Children's     Place   Inc.
                                             415,704         25,990
                                320/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Lions   Gate  Entertainment       Corp.   Class   B
                                            2,575,081          25,571
        Guess?    Inc.
                                            1,121,622          25,102
     *,^
        iHeartMedia      Inc.  Class   A
                                            1,470,187          24,846
     *
        Upwork    Inc.
                                            2,225,071          23,742
        Scholastic     Corp.
                                             617,255         23,733
     *,^
        Lions   Gate  Entertainment       Corp.   Class   A
                                            2,220,255          23,668
        EW  Scripps    Co.  Class   A
                                            1,477,545          23,212
     *
        Cars.com     Inc.
                                            1,886,436          23,052
     ^
        Buckle    Inc.
                                             844,423         22,833
     ^
        Rite  Aid  Corp.
                                            1,450,387          22,437
     *
        K12  Inc.
                                            1,073,754          21,851
     *
        MSG   Networks     Inc.
                                            1,233,107          21,456
        Marcus    Corp.
                                             658,587         20,923
     *
        QuinStreet     Inc.
                                            1,356,201          20,763
        Gannett    Co.  Inc.
                                            3,150,801          20,102
                                321/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Zumiez    Inc.
                                             576,061         19,897
        BJ's  Restaurants      Inc.
                                             521,034         19,778
     ^
        Dillard's    Inc.  Class   A
                                             267,614         19,664
     *
        Quotient    Technology      Inc.
                                            1,971,330          19,437
     *
        America's     Car-Mart     Inc.
                                             175,260         19,219
     *
        Genesco    Inc.
                                             398,620         19,102
        Ingles   Markets    Inc.  Class   A
                                             396,996         18,861
        Sonic   Automotive      Inc.  Class   A
                                             607,737         18,840
     *
        ANGI   Homeservices       Inc.  Class   A
                                            2,204,341          18,671
     *
        Michaels    Cos.  Inc.
                                            2,249,893          18,202
     *
        Providence     Service    Corp.
                                             304,886         18,043
     *
        Houghton     Mifflin    Harcourt    Co.
                                            2,845,268          17,783
     *
        TechTarget      Inc.
                                             680,862         17,770
        Weis   Markets    Inc.
                                             429,300         17,382
        Ruth's   Hospitality     Group   Inc.
                                             749,333         16,309
     *
        Monarch    Casino   & Resort   Inc.
                                             326,726         15,863
        National    CineMedia     Inc.
                                            2,134,955          15,564
        Entercom     Communications        Corp.   Class   A
                                            3,353,791          15,562
     *
        Digital   Turbine    Inc.
                                            2,120,315          15,118
     ^
        GameStop     Corp.   Class   A
                                            2,403,724          14,615
     *
        BrightView      Holdings    Inc.
                                             857,548         14,467
     *,^
        HF  Foods   Group   Inc.
                                             741,848         14,466
     *
        Hibbett    Sports   Inc.
                                             505,798         14,183
        SpartanNash      Co.
                                             987,351         14,060
     *
        Liberty    TripAdvisor      Holdings    Inc.  Class   A
                                            1,850,423          13,601
     *
        Lindblad    Expeditions      Holdings    Inc.
                                             817,923         13,373
     *
        TrueCar    Inc.
                                            2,753,015          13,077
        Carriage    Services    Inc.  Class   A
                                             501,308         12,833
     *
        Regis   Corp.
                                             710,261         12,692
        Winmark     Corp.
                                             64,003         12,692
        Chico's    FAS  Inc.
                                            3,327,478          12,678
     ^
        PetMed    Express    Inc.
                                             537,791         12,649
     *
        United   Natural    Foods   Inc.
                                            1,395,922          12,228
     *
        Red  Robin   Gourmet    Burgers    Inc.
                                             368,581         12,171
     *
        American     Public   Education     Inc.
                                             432,743         11,853
     *
        MarineMax      Inc.
                                             674,689         11,261
     *
        Rubicon    Project    Inc.
                                            1,373,422          11,207
     *
        Chuy's   Holdings    Inc.
                                             425,455         11,028
     *
        Care.com     Inc.
                                             704,764         10,593
     ^
        AMC   Entertainment       Holdings    Inc.  Class   A
                                            1,458,982          10,563
     ^
        Twin   River   Worldwide      Holdings    Inc.
                                             411,519         10,555
     *
        Avid   Technology      Inc.
                                            1,218,377          10,454
        Cato  Corp.   Class   A
                                             595,368         10,359
     *
        1-800-Flowers.com         Inc.  Class   A
                                             684,361          9,923
        Haverty    Furniture     Cos.  Inc.
                                             491,867          9,916
     *
        Sportsman's      Warehouse      Holdings    Inc.
                                            1,220,098           9,797
     ^
        Shoe   Carnival    Inc.
                                             251,857          9,389
     *
        Express    Inc.
                                            1,921,945           9,360
     *
        PlayAGS     Inc.
                                             769,543          9,335
                                322/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Clean   Energy    Fuels   Corp.
                                            3,934,637           9,207
     *,^
        RealReal    Inc.
                                             485,761          9,157
     *
        Golden    Entertainment       Inc.
                                             474,703          9,124
     *,^
        JC  Penney    Co.  Inc.
                                            7,959,422           8,915
        Tilly's   Inc.  Class   A
                                             703,310          8,616
        Tribune    Publishing     Co.
                                             646,469          8,508
     *
        comScore     Inc.
                                            1,720,013           8,497
     *
        At Home   Group   Inc.
                                            1,523,248           8,378
        News   Corp.   Class   B
                                             574,954          8,343
     *
        Liberty    Media   Corp-Liberty      Braves    Class   A
                                             270,973          8,034
     *
        Cumulus    Media   Inc.  Class   A
                                             451,713          7,937
     *
        El Pollo   Loco   Holdings    Inc.
                                             516,852          7,825
        Citi  Trends    Inc.
                                             334,520          7,734
     *
        Titan   Machinery     Inc.
                                             522,316          7,720
     *
        Century    Casinos    Inc.
                                             948,499          7,512
                                323/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Daily   Journal    Corp.
                                             25,274         7,340
        Collectors     Universe    Inc.
                                             315,174          7,265
     *
        Mesa   Air  Group   Inc.
                                             808,445          7,227
     *,^
        Lumber    Liquidators      Holdings    Inc.
                                             738,755          7,218
        Nathan's    Famous    Inc.
                                             101,682          7,207
     *,^
        Revolve    Group   Inc.
                                             383,941          7,049
     *
        Hemisphere      Media   Group   Inc.  Class   A
                                             472,660          7,019
     *
        Carrols    Restaurant     Group   Inc.
                                             980,852          6,915
        Emerald    Expositions      Events   Inc.
                                             654,750          6,908
     *
        EverQuote     Inc.  Class   A
                                             200,482          6,887
     *
        Drive   Shack   Inc.
                                            1,811,355           6,630
     *
        Del  Taco   Restaurants      Inc.
                                             831,624          6,574
     *
        Reading    International      Inc.  Class   A
                                             532,243          5,956
     *
        Fiesta   Restaurant     Group   Inc.
                                             593,875          5,873
     *
        J Alexander's      Holdings    Inc.
                                             613,284          5,863
        Village    Super   Market    Inc.  Class   A
                                             247,358          5,739
     *
        Habit   Restaurants      Inc.  Class   A
                                             548,441          5,720
     *,^
        GNC   Holdings    Inc.  Class   A
                                            2,097,789           5,664
     *
        Diplomat     Pharmacy     Inc.
                                            1,412,060           5,648
     ^
        Tailored    Brands    Inc.
                                            1,333,636           5,521
     *,^
        Overstock.com       Inc.
                                             780,934          5,506
     *
        Liquidity     Services    Inc.
                                             869,451          5,182
        RCI  Hospitality     Holdings    Inc.
                                             251,776          5,161
     *,^
        Party   City  Holdco    Inc.
                                            2,204,048           5,157
     *
        Noodles    & Co.  Class   A
                                             924,586          5,122
     *
        Boston    Omaha    Corp.   Class   A
                                             232,603          4,894
     *
        MDC   Partners    Inc.  Class   A
                                            1,684,122           4,682
     *
        Conn's   Inc.
                                             374,719          4,643
     *
        Lands'   End  Inc.
                                             263,846          4,433
     *
        Barnes   & Noble   Education     Inc.
                                             954,599          4,076
     *,^
        Stage   Stores   Inc.
                                             491,015          3,987
     *
        Marchex    Inc.  Class   B
                                             968,568          3,661
        Entravision      Communications        Corp.   Class   A
                                            1,329,451           3,483
        Saga   Communications        Inc.  Class   A
                                             114,200          3,472
     *
        Kura   Sushi   USA   Inc.  Class   A
                                             136,273          3,468
     *,^
        Duluth   Holdings    Inc.
                                             311,560          3,281
     *
        Purple   Innovation     Inc.
                                             361,373          3,148
     *
        Tuesday    Morning    Corp.
                                            1,611,057           2,980
     *
        Fluent   Inc.
                                            1,032,518           2,581
     *
        Biglari   Holdings    Inc.
                                              4,283         2,570
     *
        Container     Store   Group   Inc.
                                             563,280          2,377
        Natural    Grocers    by Vitamin    Cottage    Inc.
                                             229,137          2,262
     *
        Emmis    Communications        Corp.   Class   A
                                             534,159          2,153
     *
        Potbelly    Corp.
                                             502,785          2,122
     *
        Full  House   Resorts    Inc.
                                             626,835          2,100
     *
        Red  Lion  Hotels   Corp.
                                             544,100          2,029
     *,^
        Gaia  Inc.  Class   A
                                             241,937          1,933
        Big  5 Sporting    Goods   Corp.
                                             576,882          1,731
     *
        Leaf  Group   Ltd.
                                             432,519          1,730
                                324/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Zovio   Inc.  Class   A
                                             809,284          1,667
     *
        Travelzoo
                                             153,651          1,644
     *
        RealNetworks       Inc.
                                            1,309,357           1,571
     *
        Lee  Enterprises     Inc.
                                            1,095,334           1,555
     *
        Biglari   Holdings    Inc.  Class   B
                                             12,371         1,415
     *
        Destination      XL  Group   Inc.
                                            1,098,835           1,407
     *,^
        Alkaline    Water   Co.  Inc.
                                            1,103,203           1,401
     *
        A-Mark    Precious    Metals   Inc.
                                             166,780          1,379
     *,^
        Ascena    Retail   Group   Inc.
                                             179,431          1,375
        CSS  Industries     Inc.
                                             306,943          1,354
     *
        ONE   Group   Hospitality     Inc.
                                             348,465          1,268
     *
        Build-A-Bear       Workshop     Inc.
                                             380,602          1,233
     *,^
        Youngevity      International      Inc.
                                             363,755          1,186
     *
        Urban   One  Inc.
                                             614,875          1,168
        Townsquare      Media   Inc.  Class   A
                                             110,100          1,098
                                325/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Chicken    Soup   For  The  Soul  Entertainment       Inc.
                                             131,647          1,053
     *,^
        Blink   Charging     Co.
                                             521,114           969
        Value   Line  Inc.
                                             32,972          953
        Ark  Restaurants      Corp.
                                             42,422          942
        Beasley    Broadcast     Group   Inc.  Class   A
                                             297,756           920
     *,^
        iMedia    Brands    Inc.
                                             229,676           916
     *,^
        LiveXLive     Media   Inc.
                                             585,301           904
     *,^
        Francesca's      Holdings    Corp.
                                             81,140          842
     ^
        Pier  1 Imports    Inc.
                                             124,870           799
     *,^
        Blue  Apron   Holdings    Inc.  Class   A
                                             120,849           795
        AH  Belo  Corp.   Class   A
                                             270,109           762
        Educational      Development       Corp.
                                             122,697           758
     *,^
        HyreCar    Inc.
                                             238,994           629
     *
        Profire   Energy    Inc.
                                             396,273           575
     *
        Good   Times   Restaurants      Inc.
                                             350,735           558
     *,^
        SRAX   Inc.  Class   A
                                             204,105           508
     *,^
        VistaGen     Therapeutics      Inc.
                                             735,612           507
     *
        BBQ   Holdings    Inc.
                                             118,073           464
        Canterbury     Park  Holding    Corp.
                                             35,605          442
     *,^
        Net  Element    Inc.
                                             135,845           436
     *,^
        Eastside    Distilling     Inc.
                                             144,325           426
     *,^
        Interpace     Diagnostics      Group   Inc.
                                             846,133           423
     *
        Harte-Hanks      Inc.
                                             104,139           373
     *
        Global   Eagle   Entertainment       Inc.
                                             720,013           360
     *,^
        Stein   Mart   Inc.
                                             499,303           334
        Salem   Media   Group   Inc.  Class   A
                                             220,213           317
     *,^
        Remark    Holdings    Inc.
                                             612,365           315
     *,^
        Waitr   Holdings    Inc.
                                             972,900           313
     *
        RTW   RetailWinds      Inc.
                                             377,613           302
     *,^
        Dolphin    Entertainment       Inc.
                                             427,208           299
     *,^
        Monaker    Group   Inc.
                                             129,486           280
     ^
        J. Jill  Inc.
                                             217,239           245
     *
        Diversified      Restaurant     Holdings    Inc.
                                             227,068           236
        ViacomCBS      Inc.  Class   A
                                              5,113         229
     *
        AutoWeb     Inc.
                                             91,156          225
     *
        Rave   Restaurant     Group   Inc.
                                             135,922           224
     *,^
        Kirkland's     Inc.
                                             153,618           190
     *
        Luby's   Inc.
                                             66,837          147
     *
        Town   Sports   International      Holdings    Inc.
                                             73,378          125
     *
        Lazydays     Holdings    Inc.
                                             21,194           91
     *,^
        BioHiTech     Global   Inc.
                                             50,469           86
     *
        SPAR   Group   Inc.
                                             51,600           67
     *,^
        FAT   Brands    Inc.
                                             13,323           61
     *
        Live  Ventures     Inc.
                                              3,993          30
        Haverty    Furniture     Cos.  Inc.  Class   A
                                              1,375          28
     *
        Insignia    Systems    Inc.
                                             17,627           13
     *
        Envela    Corp.
                                              5,030           7
     *
        Urban   One  Inc.  Class   A
                                              1,053           2
     *
        iPic  Entertainment       Inc.  Class   A
                                              2,600           -
                                326/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,§
        Universal     Travel   Group
                                                        -
                                             42,843
                                                   118,719,768
     Financials     (19.4%)
     *
        Berkshire     Hathaway     Inc.  Class   B
                                           53,368,129         12,087,881
        JPMorgan     Chase   & Co.
                                           83,026,240         11,573,858
        Visa  Inc.  Class   A
                                           48,235,974         9,063,540
        Bank   of America    Corp.
                                           228,004,607          8,030,322
        Mastercard     Inc.  Class   A
                                           25,281,635         7,548,843
        Wells   Fargo   & Co.
                                           107,227,939          5,768,863
        Citigroup     Inc.
                                           61,482,908         4,911,870
        American     Tower   Corp.
                                           12,484,411         2,869,167
        US  Bancorp
                                           39,595,924         2,347,642
        Goldman     Sachs   Group   Inc.
                                            9,474,783         2,178,537
        American     Express    Co.
                                           17,296,820         2,153,281
        Truist   Financial     Corp.
                                           37,799,204         2,128,851
                                327/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        CME   Group   Inc.
                                           10,094,539         2,026,176
        S&P  Global   Inc.
                                            6,882,117         1,879,162
        PNC   Financial     Services    Group   Inc.
                                           11,110,209         1,773,523
        Morgan    Stanley
                                           34,192,250         1,747,908
        Chubb   Ltd.
                                           10,862,406         1,690,842
        Crown   Castle   International      Corp.
                                           11,706,793         1,664,121
        Marsh   & McLennan     Cos.  Inc.
                                           14,224,768         1,584,781
        Prologis    Inc.
                                           17,749,166         1,582,161
        Charles    Schwab    Corp.
                                           32,517,058         1,546,511
        BlackRock     Inc.
                                            3,044,473         1,530,457
        Intercontinental        Exchange     Inc.
                                           15,698,205         1,452,869
        Equinix    Inc.
                                            2,402,827         1,402,530
        Aon  plc
                                            6,602,848         1,375,307
        Capital    One  Financial     Corp.
                                           13,127,500         1,350,951
        American     International      Group   Inc.
                                           24,502,456         1,257,711
        Simon   Property    Group   Inc.
                                            8,217,728         1,224,113
        Progressive      Corp.
                                           16,469,177         1,192,204
        Bank   of New  York   Mellon    Corp.
                                           23,399,764         1,177,710
        Moody's    Corp.
                                            4,520,726         1,073,266
        Prudential     Financial     Inc.
                                           11,319,728         1,061,111
        Aflac   Inc.
                                           19,676,397         1,040,881
        Blackstone     Group   LP
                                           18,565,943         1,038,579
        Allstate    Corp.
                                            9,096,702         1,022,924
        MetLife    Inc.
                                           19,419,041          989,789
        Travelers     Cos.  Inc.
                                            6,920,701         947,790
        Welltower     Inc.
                                           11,436,887          935,309
        Public   Storage
                                            4,175,599         889,236
        Equity   Residential
                                           10,416,262          842,884
        AvalonBay      Communities      Inc.
                                            3,921,817         822,405
     *
        IHS  Markit   Ltd.
                                           10,718,561          807,644
        State   Street   Corp.
                                            9,739,530         770,397
        SBA   Communications        Corp.   Class   A
                                            3,175,530         765,271
        T. Rowe   Price   Group   Inc.
                                            6,258,147         762,493
        Discover    Financial     Services
                                            8,839,586         749,774
        Digital   Realty   Trust   Inc.
                                            5,879,999         704,071
        Realty   Income    Corp.
                                            9,172,060         675,339
        Weyerhaeuser       Co.
                                           20,963,730          633,105
        Synchrony     Financial
                                           17,292,967          622,720
        Hartford    Financial     Services    Group   Inc.
                                           10,144,403          616,475
        Fifth   Third   Bancorp
                                           19,997,362          614,719
        Ventas    Inc.
                                           10,484,785          605,391
        Northern    Trust   Corp.
                                            5,680,283         603,473
        M&T   Bank   Corp.
                                            3,534,469         599,976
        Boston    Properties     Inc.
                                            4,345,025         599,005
        Ameriprise     Financial     Inc.
                                            3,573,214         595,226
        MSCI   Inc.  Class   A
                                            2,264,413         584,626
        KeyCorp
                                           27,759,487          561,852
        Essex   Property    Trust   Inc.
                                            1,858,730         559,217
     *
        CBRE   Group   Inc.  Class   A
                                            8,952,887         548,722
                                328/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Alexandria     Real  Estate   Equities    Inc.
                                            3,237,506         523,116
        Arthur   J Gallagher     & Co.
                                            5,233,799         498,415
        Citizens    Financial     Group   Inc.
                                           12,250,445          497,491
        Healthpeak      Properties     Inc.
                                           14,376,860          495,570
        Cincinnati     Financial     Corp.
                                            4,585,961         482,214
        Equifax    Inc.
                                            3,399,392         476,323
        Regions    Financial     Corp.
                                           27,174,867          466,321
     *
        Arch   Capital    Group   Ltd.
                                           10,801,120          463,260
        Invitation     Homes    Inc.
                                           15,136,422          453,639
        Huntington      Bancshares      Inc.
                                           29,104,025          438,889
        Principal    Financial     Group   Inc.
                                            7,849,143         431,703
        KKR   & Co.  Inc.  Class   A
                                           14,732,492          429,747
     *
        Markel    Corp.
                                             370,856         423,951
        Mid-America       Apartment     Communities      Inc.
                                            3,209,152         423,159
        First  Republic    Bank
                                            3,508,560         412,080
                                329/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Sun  Communities      Inc.
                                            2,606,223         391,194
        WP  Carey   Inc.
                                            4,847,240         387,973
        MarketAxess      Holdings    Inc.
                                            1,015,174         384,863
        UDR   Inc.
                                            8,226,501         384,178
        Annaly    Capital    Management      Inc.
                                           40,687,377          383,275
        TD  Ameritrade      Holding    Corp.
                                            7,635,768         379,498
        Loews   Corp.
                                            7,156,276         375,633
        Cboe   Global   Markets    Inc.
                                            3,127,672         375,321
        Host  Hotels   & Resorts    Inc.
                                           20,206,626          374,833
        Extra   Space   Storage    Inc.
                                            3,461,371         365,590
     *
        SVB   Financial     Group
                                            1,454,579         365,158
        Duke   Realty   Corp.
                                           10,298,922          357,064
     *
        Berkshire     Hathaway     Inc.  Class   A
                                              1,041       353,513
        Nasdaq    Inc.
                                            3,242,363         347,257
        Equity   LifeStyle     Properties     Inc.
                                            4,864,950         342,444
        Fidelity    National    Financial     Inc.
                                            7,335,493         332,665
        Lincoln    National    Corp.
                                            5,598,331         330,358
        Ally  Financial     Inc.
                                           10,704,738          327,137
        Vornado    Realty   Trust
                                            4,805,900         319,592
        Everest    Re  Group   Ltd.
                                            1,149,925         318,345
        Western    Union   Co.
                                           11,810,817          316,294
        Raymond     James   Financial     Inc.
                                            3,530,127         315,805
     *
        Alleghany     Corp.
                                             386,611         309,123
        Medical    Properties     Trust   Inc.
                                           14,559,970          307,361
        VICI   Properties     Inc.
                                           11,985,671          306,234
        Regency    Centers    Corp.
                                            4,690,065         295,896
        AXA   Equitable     Holdings    Inc.
                                           11,794,818          292,276
        Comerica     Inc.
                                            4,066,342         291,760
        Globe   Life  Inc.
                                            2,763,521         290,861
        E*TRADE     Financial     Corp.
                                            6,373,389         289,161
        Reinsurance      Group   of America    Inc.  Class   A
                                            1,766,451         288,037
        Camden    Property    Trust
                                            2,706,646         287,175
        VEREIT    Inc.
                                           30,028,604          277,464
        Federal    Realty   Investment     Trust
                                            2,116,560         272,465
        AGNC    Investment     Corp.
                                           15,364,472          271,644
        WR  Berkley    Corp.
                                            3,913,142         270,398
        Apollo   Global   Management      LLC
                                            5,628,222         268,522
        Brown   & Brown   Inc.
                                            6,744,712         266,281
        Liberty    Property    Trust
                                            4,426,700         265,823
        Omega    Healthcare     Investors     Inc.
                                            6,141,374         260,087
        National    Retail   Properties     Inc.
                                            4,832,158         259,100
        Iron  Mountain     Inc.
                                            8,078,247         257,454
        Jones   Lang   LaSalle    Inc.
                                            1,443,149         251,238
        Zions   Bancorp    NA
                                            4,808,423         249,653
        Kilroy   Realty   Corp.
                                            2,971,998         249,351
        SEI  Investments      Co.
                                            3,766,782         246,649
        Gaming    and  Leisure    Properties     Inc.
                                            5,727,401         246,565
        RenaissanceRe       Holdings    Ltd.
                                            1,239,361         242,940
        Kimco   Realty   Corp.
                                           11,302,147          234,067
                                330/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Voya   Financial     Inc.
                                            3,781,334         230,586
        STORE    Capital    Corp.
                                            5,925,880         220,680
        American     Financial     Group   Inc.
                                            2,004,242         219,765
        Assurant    Inc.
                                            1,666,287         218,417
        Lamar   Advertising      Co.  Class   A
                                            2,423,973         216,364
        Apartment     Investment     & Management      Co.
                                            4,165,848         215,166
        People's    United   Financial     Inc.
                                           12,544,892          212,009
        LPL  Financial     Holdings    Inc.
                                            2,267,543         209,181
        SL  Green   Realty   Corp.
                                            2,269,433         208,515
        CyrusOne     Inc.
                                            3,183,535         208,299
        Douglas    Emmett    Inc.
                                            4,667,679         204,911
        TCF  Financial     Corp.
                                            4,295,641         201,036
        Franklin    Resources     Inc.
                                            7,733,886         200,926
        East  West   Bancorp    Inc.
                                            4,102,967         199,814
        Signature     Bank
                                            1,444,788         197,372
                                331/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Commerce     Bancshares      Inc.
                                            2,870,875         195,047
     *
        GCI  Liberty    Inc.  Class   A
                                            2,716,856         192,489
        Americold     Realty   Trust
                                            5,424,396         190,179
     *
        Athene    Holding    Ltd.  Class   A
                                            4,012,748         188,720
        American     Homes    4 Rent  Class   A
                                            7,197,882         188,656
        New  Residential     Investment     Corp.
                                           11,638,663          187,499
        Invesco    Ltd.
                                           10,261,582          184,503
        Starwood     Property    Trust   Inc.
                                            7,403,948         184,062
        Brixmor    Property    Group   Inc.
                                            8,400,366         181,532
        Prosperity     Bancshares      Inc.
                                            2,523,347         181,403
        Old  Republic    International      Corp.
                                            8,108,341         181,384
        American     Campus    Communities      Inc.
                                            3,845,055         180,833
        Healthcare     Trust   of America    Inc.  Class   A
                                            5,829,205         176,508
        First  American     Financial     Corp.
                                            2,986,938         174,198
        Park  Hotels   & Resorts    Inc.
                                            6,711,741         173,633
        CubeSmart
                                            5,439,620         171,239
        Cousins    Properties     Inc.
                                            4,134,986         170,361
        Hudson    Pacific    Properties     Inc.
                                            4,348,702         163,729
        Popular    Inc.
                                            2,742,588         161,127
        Cullen/Frost      Bankers    Inc.
                                            1,595,557         156,014
        EPR  Properties
                                            2,192,166         154,855
        Synovus    Financial     Corp.
                                            3,937,053         154,332
        Primerica     Inc.
                                            1,175,626         153,490
        Unum   Group
                                            5,246,971         153,002
        Hanover    Insurance     Group   Inc.
                                            1,114,817         152,362
        New  York   Community      Bancorp    Inc.
                                           12,503,613          150,293
        Western    Alliance    Bancorp
                                            2,608,278         148,672
        First  Industrial     Realty   Trust   Inc.
                                            3,550,695         147,389
        First  Horizon    National    Corp.
                                            8,816,010         145,993
     *
        Howard    Hughes    Corp.
                                            1,147,337         145,482
        Jefferies    Financial     Group   Inc.
                                            6,754,113         144,335
        Rexford    Industrial     Realty   Inc.
                                            3,137,764         143,302
        Radian    Group   Inc.
                                            5,677,635         142,849
        JBG  SMITH    Properties
                                            3,572,115         142,492
        Highwoods      Properties     Inc.
                                            2,911,348         142,394
        EastGroup     Properties     Inc.
                                            1,073,051         142,362
        Life  Storage    Inc.
                                            1,313,712         142,249
        Eaton   Vance   Corp.
                                            3,037,187         141,806
        MGIC   Investment     Corp.
                                            9,826,600         139,243
        Webster    Financial     Corp.
                                            2,596,430         138,545
        Kemper    Corp.
                                            1,778,391         137,825
        Spirit   Realty   Capital    Inc.
                                            2,789,316         137,179
        Essent   Group   Ltd.
                                            2,596,876         135,012
        Axis  Capital    Holdings    Ltd.
                                            2,240,776         133,192
        Blackstone     Mortgage     Trust   Inc.  Class   A
                                            3,560,021         132,504
        Pinnacle    Financial     Partners    Inc.
                                            2,060,264         131,857
     *
        Credit   Acceptance      Corp.
                                             293,331         129,749
        First  Financial     Bankshares      Inc.
                                            3,688,075         129,451
        PacWest    Bancorp
                                            3,330,168         127,446
                                332/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Healthcare     Realty   Trust   Inc.
                                            3,758,580         125,424
        Assured    Guaranty     Ltd.
                                            2,552,745         125,136
        Valley   National    Bancorp
                                           10,804,590          123,713
        CIT  Group   Inc.
                                            2,691,865         122,830
     *,^
        Zillow   Group   Inc.
                                            2,673,443         122,818
        Lazard   Ltd.  Class   A
                                            3,025,667         120,906
        Rayonier    Inc.
                                            3,679,285         120,533
        Sterling    Bancorp
                                            5,706,002         120,283
        Ryman    Hospitality     Properties     Inc.
                                            1,380,007         119,591
        CoreSite    Realty   Corp.
                                            1,062,923         119,175
        Erie  Indemnity     Co.  Class   A
                                             717,666         119,133
     *
        Brighthouse      Financial     Inc.
                                            3,024,692         118,659
        Glacier    Bancorp    Inc.
                                            2,567,917         118,098
        STAG   Industrial     Inc.
                                            3,701,775         116,865
        FNB   Corp.
                                            9,174,526         116,516
                                333/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Sabra   Health   Care  REIT   Inc.
                                            5,454,966         116,409
        Wintrust    Financial     Corp.
                                            1,631,747         115,691
        Two  Harbors    Investment     Corp.
                                            7,841,525         114,643
        United   Bankshares      Inc.
                                            2,927,970         113,195
        Service    Properties     Trust
                                            4,634,141         112,749
        Affiliated     Managers     Group   Inc.
                                            1,322,279         112,050
        Stifel   Financial     Corp.
                                            1,835,676         111,334
        IBERIABANK       Corp.
                                            1,480,012         110,749
        Janus   Henderson     Group   plc
                                            4,503,301         110,106
        Umpqua    Holdings    Corp.
                                            6,215,051         110,006
        Bank   of Hawaii    Corp.
                                            1,145,375         108,994
        Hancock    Whitney    Corp.
                                            2,469,944         108,381
        Selective     Insurance     Group   Inc.
                                            1,662,011         108,346
        Weingarten      Realty   Investors
                                            3,454,055         107,905
     ^
        Macerich     Co.
                                            4,005,424         107,826
        Outfront    Media   Inc.
                                            4,004,425         107,399
        First  Hawaiian     Inc.
                                            3,718,615         107,282
        Bank   OZK
                                            3,494,195         106,590
        SLM   Corp.
                                           11,925,818          106,259
        RLI  Corp.
                                            1,179,005         106,134
        Equity   Commonwealth
                                            3,215,333         105,559
        Chimera    Investment     Corp.
                                            5,119,302         105,253
        Community      Bank   System    Inc.
                                            1,465,641         103,973
        Terreno    Realty   Corp.
                                            1,891,583         102,410
        Physicians     Realty   Trust
                                            5,261,252          99,648
        Pebblebrook      Hotel   Trust
                                            3,708,297          99,419
        Associated     Banc-Corp
                                            4,492,443          99,013
        White   Mountains     Insurance     Group   Ltd.
                                             88,708         98,955
        BankUnited      Inc.
                                            2,703,466          98,839
        Apple   Hospitality     REIT   Inc.
                                            6,004,146          97,567
        Interactive     Brokers    Group   Inc.
                                            2,053,839          95,750
        National    Health   Investors     Inc.
                                            1,171,458          95,450
        MFA   Financial     Inc.
                                           12,356,377           94,526
        FirstCash     Inc.
                                            1,155,899          93,200
        Corporate     Office   Properties     Trust
                                            3,159,891          92,838
        UMB   Financial     Corp.
                                            1,331,926          91,423
        CenterState      Bank   Corp.
                                            3,599,594          89,918
        OneMain     Holdings    Inc.
                                            2,125,028          89,570
        PS  Business    Parks   Inc.
                                             542,103         89,377
        QTS  Realty   Trust   Inc.  Class   A
                                            1,642,200          89,122
        Sunstone    Hotel   Investors     Inc.
                                            6,368,489          88,649
        Federated     Investors     Inc.  Class   B
                                            2,714,520          88,466
        Old  National    Bancorp
                                            4,822,497          88,203
        RLJ  Lodging    Trust
                                            4,860,269          86,124
     *
        Zillow   Group   Inc.  Class   A
                                            1,880,318          86,006
        BancorpSouth       Bank
                                            2,728,540          85,703
        Navient    Corp.
                                            6,244,029          85,418
        Home   BancShares      Inc.
                                            4,304,823          84,633
        Columbia     Banking    System    Inc.
                                            2,058,780          83,761
                                334/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cathay    General    Bancorp
                                            2,196,445          83,575
        South   State   Corp.
                                             961,753         83,432
        Legg   Mason   Inc.
                                            2,318,148          83,245
        Atlantic    Union   Bankshares      Corp.
                                            2,215,640          83,197
        Retail   Properties     of America    Inc.
                                            6,143,531          82,323
        Washington      Federal    Inc.
                                            2,235,910          81,946
        Fulton   Financial     Corp.
                                            4,689,494          81,738
        Paramount     Group   Inc.
                                            5,868,631          81,691
        CVB   Financial     Corp.
                                            3,767,828          81,310
        Simmons     First  National    Corp.   Class   A
                                            3,034,204          81,286
        Ameris    Bancorp
                                            1,910,687          81,281
     ^
        Piedmont     Office   Realty   Trust   Inc.  Class   A
                                            3,621,568          80,544
        Independent      Bank   Corp.
                                             962,771         80,151
        Brandywine      Realty   Trust
                                            5,088,899          80,150
     *
        Texas   Capital    Bancshares      Inc.
                                            1,407,790          79,920
                                335/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Agree   Realty   Corp.
                                            1,130,008          79,293
        PotlatchDeltic       Corp.
                                            1,820,779          78,785
        CNO   Financial     Group   Inc.
                                            4,340,524          78,694
     *
        Cannae    Holdings    Inc.
                                            2,102,625          78,197
        Kennedy-Wilson        Holdings    Inc.
                                            3,487,312          77,767
        Apollo   Commercial      Real  Estate   Finance    Inc.
                                            4,248,041          77,697
        American     Equity   Investment     Life  Holding    Co.
                                            2,546,649          76,221
        Ares  Management      Corp.   Class   A
                                            2,095,914          74,803
        Investors     Bancorp    Inc.
                                            6,181,415          73,652
        Lexington     Realty   Trust   Class   B
                                            6,911,052          73,395
        First  Midwest    Bancorp    Inc.
                                            3,176,886          73,259
        BOK   Financial     Corp.
                                             818,663         71,551
        Empire    State   Realty   Trust   Inc.
                                            5,094,209          71,115
        Columbia     Property    Trust   Inc.
                                            3,378,971          70,654
        United   Community      Banks   Inc.
                                            2,287,977          70,653
        Xenia   Hotels   & Resorts    Inc.
                                            3,237,245          69,957
        International      Bancshares      Corp.
                                            1,622,610          69,886
        Evercore    Inc.  Class   A
                                             927,534         69,342
        First  Financial     Bancorp
                                            2,689,196          68,413
        WesBanco     Inc.
                                            1,792,172          67,726
        Washington      REIT
                                            2,318,644          67,658
     *
        Enstar   Group   Ltd.
                                             325,844         67,404
        WSFS   Financial     Corp.
                                            1,519,893          66,860
     *,^
        LendingTree      Inc.
                                             218,588         66,328
        Invesco    Mortgage     Capital    Inc.
                                            3,973,444          66,158
        First  BanCorp
                                            6,213,020          65,796
        Colony    Capital    Inc.
                                           13,763,198           65,375
     *
        Cushman     & Wakefield     plc
                                            3,146,995          64,325
        American     Assets   Trust   Inc.
                                            1,400,596          64,287
        Urban   Edge   Properties
                                            3,340,623          64,073
     *
        NMI   Holdings    Inc.  Class   A
                                            1,917,694          63,629
        DiamondRock       Hospitality     Co.
                                            5,733,393          63,526
        Cadence    BanCorp    Class   A
                                            3,477,658          63,050
        First  Merchants     Corp.
                                            1,507,513          62,697
     *
        Genworth     Financial     Inc.  Class   A
                                           14,235,998           62,638
        Acadia    Realty   Trust
                                            2,403,283          62,317
        PennyMac     Mortgage     Investment     Trust
                                            2,784,287          62,062
        SITE   Centers    Corp.
                                            4,335,071          60,778
        Argo   Group   International      Holdings    Ltd.
                                             922,684         60,666
        Kinsale    Capital    Group   Inc.
                                             586,069         59,580
        First  Citizens    BancShares      Inc.  Class   A
                                             110,710         58,921
     *
        eHealth    Inc.
                                             609,120         58,524
        CoreCivic     Inc.
                                            3,325,663          57,800
        Newmark     Group   Inc.  Class   A
                                            4,290,825          57,733
        Retail   Opportunity      Investments      Corp.
                                            3,250,606          57,406
        Trustmark     Corp.
                                            1,658,514          57,235
        Houlihan     Lokey   Inc.  Class   A
                                            1,169,950          57,175
        Hannon    Armstrong     Sustainable      Infrastructure       Capital    Inc.
                                            1,774,573          57,106
        CareTrust     REIT   Inc.
                                            2,758,099          56,900
                                336/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Four  Corners    Property    Trust   Inc.
                                            2,016,398          56,842
        Essential    Properties     Realty   Trust   Inc.
                                            2,286,800          56,736
        National    Storage    Affiliates     Trust
                                            1,681,886          56,545
        Santander     Consumer     USA   Holdings    Inc.
                                            2,416,616          56,476
        Senior   Housing    Properties     Trust
                                            6,681,106          56,389
        ProAssurance       Corp.
                                            1,550,920          56,050
        Great   Western    Bancorp    Inc.
                                            1,613,004          56,036
        Independent      Bank   Group   Inc.
                                             990,948         54,938
        Renasant    Corp.
                                            1,540,719          54,572
        GEO   Group   Inc.
                                            3,285,257          54,568
        Walker    & Dunlop    Inc.
                                             832,225         53,828
        Banner    Corp.
                                             948,643         53,684
        Mack-Cali     Realty   Corp.
                                            2,317,521          53,604
        Pacific    Premier    Bancorp    Inc.
                                            1,611,479          52,542
        Capitol    Federal    Financial     Inc.
                                            3,776,683          51,854
                                337/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Hope   Bancorp    Inc.
                                            3,465,334          51,495
        Redwood     Trust   Inc.
                                            3,090,579          51,118
        Taubman     Centers    Inc.
                                            1,631,098          50,711
        Global   Net  Lease   Inc.
                                            2,498,266          50,665
        Horace    Mann   Educators     Corp.
                                            1,152,355          50,312
        New  York   Mortgage     Trust   Inc.
                                            8,069,609          50,274
        Towne    Bank
                                            1,805,288          50,223
        First  Interstate     BancSystem      Inc.  Class   A
                                            1,179,299          49,436
        Easterly    Government      Properties     Inc.
                                            2,080,210          49,363
        LTC   Properties     Inc.
                                            1,102,160          49,344
        Heartland     Financial     USA   Inc.
                                             971,669         48,331
        BGC   Partners    Inc.  Class   A
                                            8,132,512          48,307
        Ladder    Capital    Corp.   Class   A
                                            2,673,082          48,222
        Hilltop    Holdings     Inc.
                                            1,931,254          48,146
        Westamerica      Bancorporation
                                             708,555         48,019
        ServisFirst     Bancshares      Inc.
                                            1,273,982          48,004
        FGL  Holdings
                                            4,416,646          47,037
        Northwest     Bancshares      Inc.
                                            2,803,990          46,630
        Kite  Realty   Group   Trust
                                            2,380,269          46,487
     *,^
        Redfin   Corp.
                                            2,195,459          46,412
        NBT   Bancorp    Inc.
                                            1,142,053          46,322
        Artisan    Partners    Asset   Management      Inc.  Class   A
                                            1,420,464          45,909
     *
        PRA   Group   Inc.
                                            1,239,136          44,981
        Broadmark     Realty   Capital    Inc.
                                            3,499,902          44,624
        Moelis   & Co.  Class   A
                                            1,393,451          44,479
     *
        Axos   Financial     Inc.
                                            1,457,887          44,145
        Office   Properties     Income    Trust
                                            1,365,617          43,891
        Uniti   Group   Inc.
                                            5,243,715          43,051
        S&T   Bancorp    Inc.
                                            1,060,643          42,733
        Berkshire     Hills   Bancorp    Inc.
                                            1,292,773          42,506
        Clearway     Energy    Inc.
                                            2,128,617          42,466
        National    General    Holdings    Corp.
                                            1,911,450          42,243
        Eagle   Bancorp    Inc.
                                             865,865         42,107
        Industrial     Logistics    Properties     Trust
                                            1,869,761          41,920
        First  Commonwealth        Financial     Corp.
                                            2,838,194          41,182
        Cohen   & Steers   Inc.
                                             653,257         40,998
        Alexander     & Baldwin    Inc.
                                            1,946,123          40,791
     *
        Seacoast    Banking    Corp.   of Florida
                                            1,333,315          40,759
        Universal     Health   Realty   Income    Trust
                                             342,966         40,250
        Veritex    Holdings     Inc.
                                            1,380,762          40,222
     ^
        American     Finance    Trust   Inc.
                                            3,031,013          40,191
        Hamilton     Lane   Inc.  Class   A
                                             670,589         39,967
     ^
        Arbor   Realty   Trust   Inc.
                                            2,749,629          39,457
        Park  National    Corp.
                                             385,117         39,428
        Provident     Financial     Services    Inc.
                                            1,584,760          39,064
        Mercury    General    Corp.
                                             792,967         38,641
     ^
        Seritage    Growth    Properties     Class   A
                                             962,199         38,565
     ^
        Tanger    Factory    Outlet   Centers    Inc.
                                            2,616,520          38,541
        Safety   Insurance     Group   Inc.
                                             409,986         37,936
                                338/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Summit    Hotel   Properties     Inc.
                                            3,048,687          37,621
        Monmouth     Real  Estate   Investment     Corp.
                                            2,548,903          36,908
        Flagstar    Bancorp    Inc.
                                             952,658         36,439
        OceanFirst     Financial     Corp.
                                            1,392,461          35,563
        Independence       Realty   Trust   Inc.
                                            2,522,945          35,523
        Employers     Holdings    Inc.
                                             839,167         35,035
        Virtu   Financial     Inc.  Class   A
                                            2,188,061          34,987
        Meta   Financial     Group   Inc.
                                             957,557         34,960
        First  Busey   Corp.
                                            1,270,891          34,949
        AMERISAFE       Inc.
                                             527,298         34,817
        City  Holding    Co.
                                             424,463         34,785
        Brookline     Bancorp    Inc.
                                            2,093,269          34,455
        Tompkins     Financial     Corp.
                                             370,474         33,898
        OFG   Bancorp
                                            1,434,441          33,867
        RPT  Realty
                                            2,242,400          33,726
                                339/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Sandy   Spring   Bancorp    Inc.
                                             888,788         33,667
        Kearny    Financial     Corp.
                                            2,380,799          32,926
        Nelnet   Inc.  Class   A
                                             564,578         32,881
        Southside     Bancshares      Inc.
                                             884,646         32,856
        First  Bancorp
                                             817,374         32,621
        James   River   Group   Holdings    Ltd.
                                             791,198         32,605
        Lakeland     Financial     Corp.
                                             661,551         32,370
        TPG  RE  Finance    Trust   Inc.
                                            1,589,340          32,216
        Piper   Jaffray   Cos.
                                             397,500         31,776
        Brookfield     Property    REIT   Inc.  Class   A
                                            1,713,136          31,599
        Colony    Credit   Real  Estate   Inc.
                                            2,395,228          31,521
        TFS  Financial     Corp.
                                            1,596,848          31,426
        BancFirst     Corp.
                                             497,964         31,093
        American     National    Insurance     Co.
                                             263,996         31,067
        Enterprise     Financial     Services    Corp.
                                             637,300         30,724
     ^
        Waddell    & Reed   Financial     Inc.  Class   A
                                            1,837,531          30,724
     ^
        Realogy    Holdings    Corp.
                                            3,170,952          30,695
     *
        Green   Dot  Corp.   Class   A
                                            1,316,167          30,667
        ARMOUR     Residential     REIT   Inc.
                                            1,708,889          30,538
        Getty   Realty   Corp.
                                             924,558         30,390
     *
        LendingClub      Corp.
                                            2,381,425          30,054
     *
        WillScot    Corp.   Class   A
                                            1,602,030          29,622
     *
        Encore    Capital    Group   Inc.
                                             837,105         29,600
        TriCo   Bancshares
                                             715,582         29,203
        National    Bank   Holdings    Corp.   Class   A
                                             826,194         29,099
        Armada    Hoffler    Properties     Inc.
                                            1,496,377          27,459
        Heritage    Financial     Corp.
                                             969,183         27,428
        Stewart    Information      Services    Corp.
                                             669,511         27,309
        Meridian    Bancorp    Inc.
                                            1,355,334          27,229
        NexPoint     Residential     Trust   Inc.
                                             599,487         26,977
        Granite    Point   Mortgage     Trust   Inc.
                                            1,454,702          26,737
     *
        Ambac    Financial     Group   Inc.
                                            1,224,637          26,415
        PennyMac     Financial     Services    Inc.
                                             773,364         26,325
     *
        Triumph    Bancorp    Inc.
                                             683,986         26,005
     *
        Mr  Cooper    Group   Inc.
                                            2,078,305          26,000
        Boston    Private    Financial     Holdings    Inc.
                                            2,113,538          25,426
        Carolina    Financial     Corp.
                                             585,782         25,323
        Investors     Real  Estate   Trust
                                             349,282         25,323
        Community      Healthcare     Trust   Inc.
                                             580,544         24,882
        Chatham    Lodging    Trust
                                            1,351,504          24,787
        United   Fire  Group   Inc.
                                             566,755         24,784
     *
        Focus   Financial     Partners    Inc.  Class   A
                                             834,448         24,591
        PJT  Partners    Inc.
                                             539,897         24,366
        iStar  Inc.
                                            1,674,618          24,299
     ^
        Innovative     Industrial     Properties     Inc.
                                             320,133         24,288
     *
        Marcus    & Millichap     Inc.
                                             649,690         24,201
     2
        Great   Ajax   Corp.
                                            1,620,172          23,995
        Virtus   Investment     Partners    Inc.
                                             193,247         23,522
        German    American     Bancorp    Inc.
                                             657,799         23,431
                                340/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        TrustCo    Bank   Corp.   NY
                                            2,689,149          23,315
        Franklin    Street   Properties     Corp.
                                            2,721,372          23,295
        Banc   of California     Inc.
                                            1,342,256          23,060
        ConnectOne      Bancorp    Inc.
                                             894,275         23,001
     *
        HomeStreet      Inc.
                                             668,195         22,719
        Central    Pacific    Financial     Corp.
                                             765,854         22,654
        Capstead    Mortgage     Corp.
                                            2,846,248          22,542
     *
        Enova   International      Inc.
                                             933,414         22,458
     *
        Third   Point   Reinsurance      Ltd.
                                            2,132,962          22,439
        Universal     Insurance     Holdings    Inc.
                                             797,889         22,333
        Stock   Yards   Bancorp    Inc.
                                             542,763         22,286
        Bryn   Mawr   Bank   Corp.
                                             534,627         22,048
        Lakeland     Bancorp    Inc.
                                            1,266,862          22,018
     *
        Columbia     Financial     Inc.
                                            1,276,271          21,620
        Preferred     Bank
                                             347,454         20,879
                                341/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Northfield     Bancorp    Inc.
                                            1,225,035          20,777
        Univest    Financial     Corp.
                                             774,963         20,754
        Urstadt    Biddle   Properties     Inc.  Class   A
                                             823,862         20,465
        City  Office   REIT   Inc.
                                            1,502,609          20,315
        Clearway     Energy    Inc.  Class   A
                                            1,048,262          20,043
        Washington      Trust   Bancorp    Inc.
                                             371,507         19,983
     *
        INTL.   FCStone    Inc.
                                             405,344         19,793
        Great   Southern    Bancorp    Inc.
                                             310,323         19,650
     *
        St.  Joe  Co.
                                             990,382         19,639
     *
        Allegiance     Bancshares      Inc.
                                             521,500         19,608
        Heritage    Commerce     Corp.
                                            1,525,706          19,575
     *
        MBIA   Inc.
                                            2,087,440          19,413
        Opus   Bank
                                             743,873         19,244
        Alexander's      Inc.
                                             57,701         19,062
        RMR   Group   Inc.  Class   A
                                             414,900         18,936
        New  Senior   Investment     Group   Inc.
                                            2,464,865          18,856
     *
        Palomar    Holdings    Inc.  Class   A
                                             372,067         18,786
        Federal    Agricultural      Mortgage     Corp.
                                             224,286         18,728
        Gladstone     Commercial      Corp.
                                             856,169         18,716
        National    Western    Life  Group   Inc.  Class   A
                                             64,119         18,651
        Brightsphere      Investment     Group   Inc.
                                            1,819,391          18,594
     ^
        Washington      Prime   Group   Inc.
                                            5,071,132          18,459
        Community      Trust   Bancorp    Inc.
                                             392,974         18,328
     *
        Nicolet    Bankshares      Inc.
                                             247,866         18,305
        WisdomTree      Investments      Inc.
                                            3,767,054          18,233
        Horizon    Bancorp    Inc.
                                             956,562         18,175
        Dime   Community      Bancshares     Inc.
                                             866,849         18,108
     *
        TriState    Capital    Holdings    Inc.
                                             689,005         17,997
        Hanmi   Financial     Corp.
                                             892,940         17,854
        First  Foundation      Inc.
                                            1,023,035          17,801
        FB  Financial     Corp.
                                             449,503         17,796
        Camden    National    Corp.
                                             385,338         17,749
        Saul  Centers    Inc.
                                             333,485         17,601
        Ellington     Financial     Inc.
                                             959,630         17,590
     *
        Bancorp    Inc.
                                            1,350,948          17,522
        Origin   Bancorp    Inc.
                                             462,346         17,495
        First  Bancshares      Inc.
                                             485,781         17,255
        UMH   Properties     Inc.
                                            1,089,848          17,143
        First  Defiance    Financial     Corp.
                                             539,964         17,003
        CorEnergy     Infrastructure       Trust   Inc.
                                             379,037         16,947
        Front   Yard   Residential     Corp.
                                            1,372,707          16,939
     *
        Customers     Bancorp    Inc.
                                             704,227         16,768
        Midland    States   Bancorp    Inc.
                                             570,478         16,521
        Safehold    Inc.
                                             409,540         16,504
        Peoples    Bancorp    Inc.
                                             471,617         16,346
        Retail   Value   Inc.
                                             439,531         16,175
        Preferred     Apartment     Communities      Inc.  Class   A
                                            1,208,985          16,104
        CatchMark     Timber    Trust   Inc.  Class   A
                                            1,398,014          16,035
     ^
        Goosehead     Insurance     Inc.  Class   A
                                             374,830         15,893
                                342/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Global   Medical    REIT   Inc.
                                            1,170,533          15,486
        Hersha    Hospitality     Trust   Class   A
                                            1,061,404          15,443
        Flushing    Financial     Corp.
                                             710,364         15,347
        RE/MAX     Holdings    Inc.  Class   A
                                             398,009         15,319
        CBTX   Inc.
                                             489,071         15,220
        State   Auto   Financial     Corp.
                                             488,283         15,147
        Bridge   Bancorp    Inc.
                                             449,069         15,057
        Whitestone      REIT
                                            1,104,614          15,045
        Mercantile     Bank   Corp.
                                             411,095         14,993
        FBL  Financial     Group   Inc.  Class   A
                                             250,022         14,734
        First  of Long   Island   Corp.
                                             580,215         14,552
        Ready   Capital    Corp.
                                             936,890         14,447
        Peapack    Gladstone     Financial     Corp.
                                             465,585         14,387
     *
        Watford    Holdings    Ltd.
                                             571,403         14,376
        Western    Asset   Mortgage     Capital    Corp.
                                            1,388,646          14,345
                                343/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        KKR   Real  Estate   Finance    Trust   Inc.
                                             700,032         14,295
        MidWestOne       Financial     Group   Inc.
                                             394,072         14,277
        Bank   of Marin   Bancorp
                                             316,070         14,239
        Republic    Bancorp    Inc.Class     A
                                             302,552         14,159
        QCR   Holdings    Inc.
                                             316,914         13,900
        AG  Mortgage     Investment     Trust   Inc.
                                             897,643         13,842
     *
        World   Acceptance      Corp.
                                             159,389         13,771
        United   Community      Financial     Corp.
                                            1,157,599          13,498
        First  Financial     Corp.
                                             292,865         13,390
        Independent      Bank   Corp.
                                             583,890         13,225
        Arrow   Financial     Corp.
                                             347,712         13,144
        Live  Oak  Bancshares      Inc.
                                             687,713         13,073
     *
        Equity   Bancshares      Inc.  Class   A
                                             423,247         13,066
        Orchid   Island   Capital    Inc.
                                            2,224,790          13,015
        First  Community      Bankshares      Inc.
                                             414,894         12,870
        Franklin    Financial     Network    Inc.
                                             371,529         12,755
        HomeTrust      Bancshares      Inc.
                                             472,620         12,680
        Ares  Commercial      Real  Estate   Corp.
                                             766,980         12,149
        People's    Utah   Bancorp
                                             402,090         12,111
        1st  Source   Corp.
                                             232,265         12,050
        CNB   Financial     Corp.
                                             366,289         11,970
     *
        Atlantic    Capital    Bancshares      Inc.
                                             651,803         11,961
        Waterstone      Financial     Inc.
                                             624,917         11,892
     *
        Cowen    Inc.  Class   A
                                             749,220         11,800
        Financial     Institutions     Inc.
                                             365,655         11,738
     *
        Carter   Bank   & Trust
                                             492,232         11,676
        Jernigan    Capital    Inc.
                                             608,815         11,653
        Dynex   Capital    Inc.
                                             687,236         11,642
     2
        Safeguard     Scientifics     Inc.
                                            1,047,764          11,504
        Exantas    Capital    Corp.
                                             969,094         11,445
        Territorial     Bancorp    Inc.
                                             366,975         11,354
     *
        Assetmark     Financial     Holdings    Inc.
                                             388,789         11,283
        American     National    Bankshares      Inc.
                                             284,338         11,251
        Cherry   Hill  Mortgage     Investment     Corp.
                                             766,732         11,187
        Diamond     Hill  Investment     Group   Inc.
                                             78,958         11,090
        One  Liberty    Properties     Inc.
                                             407,809         11,088
        First  Mid  Bancshares      Inc.
                                             313,354         11,046
        CorePoint     Lodging    Inc.
                                             995,106         10,628
        Anworth    Mortgage     Asset   Corp.
                                            3,000,488          10,562
     *
        Hallmark     Financial     Services    Inc.
                                             600,189         10,545
        Byline   Bancorp    Inc.
                                             537,303         10,515
        Bank   First  Corp.
                                             149,945         10,498
        Gladstone     Land   Corp.
                                             803,277         10,418
     *
        Bridgewater      Bancshares      Inc.
                                             746,361         10,285
        Consolidated-Tomoka           Land   Co.
                                             170,147         10,263
        Civista    Bancshares      Inc.
                                             426,141         10,227
        Old  Second    Bancorp    Inc.
                                             759,012         10,224
     *,^
        Amerant    Bancorp    Inc.
                                             465,692         10,147
     ^
        Cambridge     Bancorp
                                             124,988         10,018
                                344/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Southern    First  Bancshares      Inc.
                                             235,384         10,001
        Southern    Missouri    Bancorp    Inc.
                                             258,554          9,918
        PCSB   Financial     Corp.
                                             485,940          9,840
        Bar  Harbor    Bankshares
                                             387,356          9,835
        Farmers    National    Banc   Corp.
                                             601,079          9,810
        SmartFinancial       Inc.
                                             414,374          9,800
        Sierra   Bancorp
                                             335,418          9,767
        Sculptor    Capital    Management      Inc.  Class   A
                                             440,752          9,741
     *
        EZCORP     Inc.  Class   A
                                            1,423,009           9,705
     *
        Forestar    Group   Inc.
                                             464,800          9,691
        Amalgamated       Bank   Class   A
                                             495,431          9,636
        West   Bancorporation       Inc.
                                             375,002          9,611
        Bluerock    Residential     Growth    REIT   Inc.  Class   A
                                             767,638          9,250
     ^
        Pennsylvania      REIT
                                            1,697,244           9,046
     *
        Spirit   of Texas   Bancshares      Inc.
                                             393,304          9,046
                                345/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        FRP  Holdings    Inc.
                                             180,748          9,003
        Ladenburg     Thalmann     Financial     Services    Inc.
                                            2,576,754           8,967
     *
        Entegra    Financial     Corp.
                                             295,918          8,925
        Summit    Financial     Group   Inc.
                                             329,154          8,917
        First  Bancorp    Inc.
                                             291,125          8,801
        Home   Bancorp    Inc.
                                             220,260          8,632
     *
        Greenlight     Capital    Re  Ltd.  Class   A
                                             847,496          8,568
        Guaranty     Bancshares      Inc.
                                             260,285          8,558
        Merchants     Bancorp
                                             430,428          8,484
        Northrim     BanCorp    Inc.
                                             221,302          8,476
        Business    First  Bancshares      Inc.
                                             338,148          8,430
        Plymouth     Industrial     REIT   Inc.
                                             458,102          8,424
        Oppenheimer       Holdings    Inc.  Class   A
                                             303,198          8,332
        RBB   Bancorp
                                             392,341          8,306
        HCI  Group   Inc.
                                             181,763          8,297
     *,^
        Citizens    Inc.  Class   A
                                            1,229,204           8,297
        Central    Valley   Community      Bancorp
                                             380,201          8,239
        Citizens    & Northern    Corp.
                                             290,410          8,204
     ^
        Victory    Capital    Holdings    Inc.  Class   A
                                             391,010          8,199
        MutualFirst      Financial     Inc.
                                             206,400          8,188
     *
        Baycom    Corp.
                                             359,031          8,164
        Peoples    Financial     Services    Corp.
                                             161,962          8,155
        Westwood     Holdings    Group   Inc.
                                             275,303          8,154
        Heritage    Insurance     Holdings    Inc.
                                             611,888          8,108
        Shore   Bancshares      Inc.
                                             464,219          8,059
        Capital    City  Bank   Group   Inc.
                                             263,324          8,031
     *
        BRP  Group   Inc.  Class   A
                                             498,090          7,994
        Western    New  England    Bancorp    Inc.
                                             829,917          7,992
        FS  Bancorp    Inc.
                                             125,271          7,991
        Braemar    Hotels   & Resorts    Inc.
                                             876,108          7,824
     *
        Regional    Management      Corp.
                                             258,969          7,777
        MVB   Financial     Corp.
                                             311,990          7,775
        National    Bankshares      Inc.
                                             171,243          7,694
     *
        Tejon   Ranch   Co.
                                             475,908          7,605
        BankFinancial       Corp.
                                             577,720          7,557
        United   Insurance     Holdings    Corp.
                                             598,408          7,546
     *
        PICO   Holdings    Inc.
                                             677,021          7,528
        Southern    National    Bancorp    of Virginia    Inc.
                                             460,226          7,525
        SB  One  Bancorp
                                             301,060          7,502
        Hingham     Institution     for  Savings
                                             35,603         7,484
        Farmers    & Merchants     Bancorp    Inc.
                                             247,557          7,464
     *
        Metropolitan      Bank   Holding    Corp.
                                             154,227          7,438
        Capstar    Financial     Holdings    Inc.
                                             444,971          7,409
        BRT   Apartments      Corp.
                                             434,371          7,371
     *
        Howard    Bancorp    Inc.
                                             436,263          7,364
        Marlin   Business    Services    Corp.
                                             332,744          7,314
        First  Bank
                                             659,837          7,291
        PCB  Bancorp
                                             419,108          7,242
        LCNB   Corp.
                                             374,001          7,218
                                346/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        HarborOne     Bancorp    Inc.
                                             653,951          7,187
        BBX   Capital    Corp.   Class   A
                                            1,504,034           7,174
        Macatawa     Bank   Corp.
                                             639,766          7,121
        First  Choice    Bancorp
                                             263,992          7,117
        Ashford    Hospitality     Trust   Inc.
                                            2,537,647           7,080
        First  Internet    Bancorp
                                             295,014          6,995
        Cedar   Realty   Trust   Inc.
                                            2,365,218           6,977
     *
        Select   Bancorp    Inc.
                                             566,085          6,963
        Enterprise     Bancorp    Inc.
                                             204,665          6,932
        Investar    Holding    Corp.
                                             288,733          6,930
        Greenhill     & Co.  Inc.
                                             399,961          6,831
        First  Business    Financial     Services    Inc.
                                             257,056          6,768
     *
        FVCBankcorp       Inc.
                                             386,956          6,760
     *
        On  Deck   Capital    Inc.
                                            1,618,968           6,703
        Parke   Bancorp    Inc.
                                             260,806          6,622
                                347/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        First  Northwest     Bancorp
                                             365,157          6,620
        ACNB    Corp.
                                             173,596          6,565
        Century    Bancorp    Inc.  Class   A
                                             72,167         6,492
     *
        Stratus   Properties     Inc.
                                             207,296          6,422
     *
        Richmond     Mutual    Bancorporation       Inc.
                                             401,313          6,405
     *
        International      Money    Express    Inc.
                                             531,850          6,403
     *,^
        eXp  World   Holdings    Inc.
                                             561,770          6,365
        Global   Indemnity     Ltd.
                                             214,746          6,363
        Penns   Woods    Bancorp    Inc.
                                             178,812          6,359
        Bankwell     Financial     Group   Inc.
                                             219,929          6,343
        Investors     Title  Co.
                                             39,001         6,209
        Orrstown     Financial     Services    Inc.
                                             272,978          6,175
     *,^
        Health   Insurance     Innovations      Inc.  Class   A
                                             319,738          6,168
        Ellington     Residential     Mortgage     REIT
                                             568,308          6,166
        Codorus    Valley   Bancorp    Inc.
                                             265,725          6,120
        Arlington     Asset   Investment     Corp.   Class   A
                                            1,078,978           6,010
        Reliant    Bancorp    Inc.
                                             269,772          6,000
     ^
        Farmland     Partners    Inc.
                                             864,500          5,861
        Timberland      Bancorp    Inc.
                                             190,063          5,652
        Clipper    Realty   Inc.
                                             530,809          5,627
        Protective     Insurance     Corp.   Class   B
                                             349,174          5,618
        Bank   of Princeton
                                             177,561          5,591
        Tiptree    Inc.
                                             673,979          5,486
        Premier    Financial     Bancorp    Inc.
                                             296,554          5,379
        ESSA   Bancorp    Inc.
                                             315,730          5,352
        Bank   of Commerce     Holdings
                                             461,783          5,343
        Riverview     Bancorp    Inc.
                                             650,394          5,340
        BCB   Bancorp    Inc.
                                             386,500          5,330
        Norwood     Financial     Corp.
                                             135,538          5,272
        Independence       Holding    Co.
                                             123,889          5,213
     *
        Republic    First  Bancorp    Inc.
                                            1,233,160           5,155
        Community      Bankers    Trust   Corp.
                                             579,381          5,145
        Northeast     Bank
                                             228,936          5,034
     *
        Malvern    Bancorp    Inc.
                                             217,730          5,027
        Evans   Bancorp    Inc.
                                             124,332          4,986
        Silvercrest     Asset   Management      Group   Inc.  Class   A
                                             395,459          4,975
        First  United   Corp.
                                             201,916          4,864
     *
        Randolph     Bancorp    Inc.
                                             272,216          4,805
     *
        HBT   Financial     Inc.
                                             252,396          4,793
     ^
        CBL   & Associates     Properties     Inc.
                                            4,481,209           4,705
     *
        Curo   Group   Holdings    Corp.
                                             385,794          4,699
        Unity   Bancorp    Inc.
                                             208,089          4,697
        FedNat    Holding    Co.
                                             281,905          4,688
        C&F   Financial     Corp.
                                             83,746         4,634
     *
        NI  Holdings    Inc.
                                             268,861          4,624
        Community      Financial     Corp.
                                             129,569          4,609
        Chemung     Financial     Corp.
                                             105,532          4,485
     *
        Rafael   Holdings    Inc.  Class   B
                                             247,734          4,420
        South   Plains   Financial     Inc.
                                             209,866          4,380
                                348/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Alerus   Financial     Corp.
                                             191,324          4,372
     *
        Provident     Bancorp    Inc.
                                             344,790          4,293
     *
        Carolina    Trust   Bancshares      Inc.
                                             328,780          4,291
     *
        Esquire    Financial     Holdings    Inc.
                                             163,283          4,257
        Crawford     & Co.  Class   A
                                             367,705          4,218
        Mackinac     Financial     Corp.
                                             237,842          4,153
     *
        ProSight    Global   Inc.
                                             254,996          4,113
     *
        Medallion     Financial     Corp.
                                             552,377          4,016
        1st  Constitution      Bancorp
                                             179,404          3,970
        First  Community      Corp.
                                             183,681          3,969
     *
        Pacific    Mercantile     Bancorp
                                             482,797          3,920
        FNCB   Bancorp    Inc.
                                             459,377          3,882
        Donegal    Group   Inc.  Class   A
                                             257,647          3,818
        Provident     Financial     Holdings    Inc.
                                             173,786          3,806
     *
        Meridian    Corp.
                                             187,838          3,792
                                349/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        OP  Bancorp
                                             364,245          3,777
     *
        Pioneer    Bancorp    Inc.
                                             244,745          3,747
        Two  River   Bancorp
                                             166,206          3,723
        Middlefield      Banc   Corp.
                                             140,636          3,669
        Peoples    Bancorp    of North   Carolina    Inc.
                                             111,619          3,667
        Pzena   Investment     Management      Inc.  Class   A
                                             422,399          3,641
     ^
        Fidelity    D&D   Bancorp    Inc.
                                             58,152         3,618
     *
        Ocwen    Financial     Corp.
                                            2,627,421           3,600
        Crawford     & Co.  Class   B
                                             350,392          3,556
        Prudential     Bancorp    Inc.
                                             191,884          3,556
     *
        PDL  Community      Bancorp
                                             240,811          3,540
     *
        Elevate    Credit   Inc.
                                             789,118          3,512
        Ohio   Valley   Banc   Corp.
                                             87,025         3,448
     *
        MMA   Capital    Holdings    Inc.
                                             108,138          3,439
     *
        Aspen   Group   Inc.
                                             429,005          3,432
        Hawthorn     Bancshares      Inc.
                                             134,425          3,428
        United   Security    Bancshares
                                             314,496          3,375
     *
        MainStreet     Bancshares      Inc.
                                             146,516          3,370
        First  Financial     Northwest     Inc.
                                             220,880          3,300
     ^
        Federal    Agricultural      Mortgage     Corp.   Class   A
                                             43,002         3,203
        Mid  Penn   Bancorp    Inc.
                                             107,737          3,103
        Standard    AVB   Financial     Corp.
                                             103,063          3,089
        Luther   Burbank    Corp.
                                             267,578          3,085
        First  Guaranty     Bancshares      Inc.
                                             139,318          3,033
        First  Savings    Financial     Group   Inc.
                                             43,991         2,952
     *
        Coastal    Financial     Corp.
                                             178,029          2,932
        Sotherly    Hotels   Inc.
                                             425,491          2,885
        GAMCO     Investors     Inc.  Class   A
                                             146,252          2,850
        Sterling    Bancorp    Inc.
                                             348,264          2,821
        Level   One  Bancorp    Inc.
                                             111,633          2,809
        SB  Financial     Group   Inc.
                                             141,145          2,779
        CB  Financial     Services    Inc.
                                             89,151         2,687
     *
        Capital    Bancorp    Inc.
                                             179,330          2,670
        Bank7   Corp.
                                             137,640          2,610
        Postal   Realty   Trust   Inc.  Class   A
                                             152,391          2,583
        Old  Point   Financial     Corp.
                                             92,255         2,536
        Griffin    Industrial     Realty   Inc.
                                             63,382         2,507
        Condor    Hospitality     Trust   Inc.
                                             226,675          2,502
     ^
        Associated     Capital    Group   Inc.  Class   A
                                             63,741         2,499
        Greene    County    Bancorp    Inc.
                                             85,272         2,455
     *
        Maui   Land   & Pineapple     Co.  Inc.
                                             210,022          2,363
     *
        Atlanticus     Holdings    Corp.
                                             262,005          2,361
     *,^
        GWG   Holdings    Inc.
                                             234,099          2,299
     ^
        Oak  Valley   Bancorp
                                             118,071          2,298
     *,^
        Siebert    Financial     Corp.
                                             263,926          2,283
        Plumas    Bancorp
                                             86,202         2,274
     *
        CrossFirst     Bankshares      Inc.
                                             157,646          2,273
        Hunt   Cos.  Finance    Trust   Inc.
                                             683,836          2,209
     2
        Spirit   MTA   REIT
                                            2,854,330           2,191
                                350/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        First  Western    Financial     Inc.
                                             132,755          2,186
     ^
        Auburn    National    Bancorporation       Inc.
                                             40,857         2,165
     *
        MoneyGram      International      Inc.
                                            1,025,165           2,153
        Union   Bankshares      Inc.
                                             59,239         2,148
     *
        Altisource     Portfolio    Solutions     SA
                                             109,207          2,111
     *
        Silvergate     Capital    Corp.   Class   A
                                             129,856          2,066
     ^
        GAIN   Capital    Holdings    Inc.
                                             461,584          1,823
        AmeriServ     Financial     Inc.
                                             418,188          1,756
        Franklin    Financial     Services    Corp.
                                             42,348         1,638
        Sachem    Capital    Corp.
                                             369,704          1,605
        Severn    Bancorp    Inc.
                                             172,293          1,604
        Eagle   Bancorp    Montana    Inc.
                                             74,805         1,600
        Kingstone     Cos.  Inc.
                                             198,941          1,542
        Global   Self  Storage    Inc.
                                             354,937          1,526
        Manhattan     Bridge   Capital    Inc.
                                             238,332          1,516
                                351/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Blue  Capital    Reinsurance      Holdings    Ltd.
                                             217,080          1,489
        IF Bancorp    Inc.
                                             61,247         1,410
     *,^
        Oportun    Financial     Corp.
                                             58,828         1,400
     *
        Consumer     Portfolio    Services    Inc.
                                             401,461          1,353
        Hennessy     Advisors    Inc.
                                             131,059          1,321
        Urstadt    Biddle   Properties     Inc.
                                             65,711         1,306
     *,^
        Impac   Mortgage     Holdings    Inc.
                                             244,016          1,284
     *,^
        Rekor   Systems    Inc.
                                             312,786          1,195
     *
        Transcontinental        Realty   Investors     Inc.
                                             29,823         1,189
        Sound   Financial     Bancorp    Inc.
                                             32,178         1,158
     *
        Rhinebeck     Bancorp    Inc.
                                             94,826         1,072
        Manning    & Napier   Inc.
                                             591,269          1,029
     *
        Nicholas    Financial     Inc.
                                             124,481          1,026
     *
        Limestone     Bancorp    Inc.
                                             56,772         1,022
     *
        Ashford    Inc.
                                             42,457         1,002
        Bank   of South   Carolina    Corp.
                                             52,968          995
     *
        Security    National    Financial     Corp.   Class   A
                                             170,038           995
     *
        Central    Federal    Corp.
                                             69,550          970
     *,^
        Avalon    GloboCare     Corp.
                                             470,565           908
     *
        Maiden    Holdings    Ltd.
                                            1,193,606           895
     ^
        Elmira   Savings    Bank
                                             52,075          786
     *
        FFBW   Inc.
                                             57,872          668
     *,^
        Riot  Blockchain      Inc.
                                             575,200           644
     *
        CBM   Bancorp    Inc.
                                             37,145          524
        County    Bancorp    Inc.
                                             19,769          507
     *,§
        Winthrop     Realty   Trust
                                             562,609           486
        Bank   of the  James   Financial     Group   Inc.
                                             31,555          482
     *
        Broadway     Financial     Corp.
                                             291,631           449
     *
        HV  Bancorp    Inc.
                                             26,133          444
     *
        Community      First  Bancshares      Inc.
                                             38,693          443
        Ottawa    Bancorp    Inc.
                                             27,877          386
        MSB   Financial     Corp.
                                             19,644          354
        United   Bancorp    Inc.
                                             23,427          335
     *
        Power   REIT
                                             29,103          262
     *
        National    Holdings    Corp.
                                             96,260          245
     *
        InterGroup     Corp.
                                              6,286         234
     *
        FlexShopper      Inc.
                                             86,281          218
     *,^
        Wheeler    REIT   Inc.
                                             128,812           211
        US  Global   Investors     Inc.  Class   A
                                             143,575           207
     *,^
        Altisource     Asset   Management      Corp.
                                             15,364          190
     *
        1347   Property    Insurance     Holdings    Inc.
                                             34,257          189
        WVS   Financial     Corp.
                                             11,419          188
        Medley    Management      Inc.  Class   A
                                             55,034          163
     *
        Income    Opportunity      Realty   Investors     Inc.
                                             12,050          159
        Landmark     Bancorp    Inc.
                                              5,815         146
        Riverview     Financial     Corp.
                                             10,060          126
     *
        JW  Mays   Inc.
                                              4,010         121
     *
        Asta  Funding    Inc.
                                             11,264          116
        Mid-Southern       Bancorp    Inc.
                                              6,447          87
                                352/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Trinity    Place   Holdings    Inc.
                                             27,417           83
        Medalist    Diversified      REIT   Inc.
                                             22,234           77
        Guaranty     Federal    Bancshares      Inc.
                                              3,011          76
     *
        FSB  Bancorp    Inc.
                                              3,139          54
        Oconee    Federal    Financial     Corp.
                                              1,919          50
        Lake   Shore   Bancorp    Inc.
                                              2,800          43
        Home   Federal    Bancorp    Inc.
                                               601         21
     *
        CPI  Card   Group   Inc.
                                             23,067           21
        Protective     Insurance     Corp.   Class   A
                                              1,100          17
        Tremont    Mortgage     Trust
                                              2,458          12
     *
        National    Holdings    Corp.   Warrants     Exp.  01/18/2022
                                             92,151           9
     *
        Envision    Solar   International      Inc.
                                              1,800           8
     *
        Village    Bank   and  Trust   Financial     Corp.
                                               200          7
        Patriot   National    Bancorp    Inc.
                                               100          1
     *
        Conifer    Holdings    Inc.
                                               300          1
                                353/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^,§
        Ditech   Holding    Corp.   Warrants     Exp.  02/09/2028
                                                        -
                                             34,201
                                                   174,087,724
     Health   Care  (13.0%)
        Johnson    & Johnson
                                           74,147,917         10,815,957
        UnitedHealth      Group   Inc.
                                           26,689,357         7,846,137
        Merck   & Co.  Inc.
                                           71,739,055         6,524,667
        Pfizer   Inc.
                                           155,931,076          6,109,380
        Abbott   Laboratories
                                           49,821,309         4,327,479
        Medtronic     plc
                                           37,757,947         4,283,639
        Bristol-Myers       Squibb    Co.
                                           65,941,862         4,232,808
        Amgen    Inc.
                                           16,741,329         4,035,832
        AbbVie    Inc.
                                           41,653,636         3,688,013
        Thermo    Fisher   Scientific     Inc.
                                           11,297,406         3,670,188
        Eli  Lilly   & Co.
                                           24,355,427         3,201,034
        Gilead   Sciences    Inc.
                                           35,654,732         2,316,844
        Anthem    Inc.
                                            7,144,478         2,157,847
        Cigna   Corp.
                                           10,522,464         2,151,739
        Becton    Dickinson     and  Co.
                                            7,620,489         2,072,544
     *
        Intuitive    Surgical    Inc.
                                            3,255,802         1,924,667
        Stryker    Corp.
                                            8,962,658         1,881,620
        Zoetis   Inc.
                                           13,425,665         1,776,887
     *
        Boston    Scientific     Corp.
                                           39,278,030         1,776,153
        Allergan    plc
                                            8,788,488         1,680,095
     *
        Vertex    Pharmaceuticals        Inc.
                                            7,240,328         1,585,270
     *
        Biogen    Inc.
                                            5,084,654         1,508,769
     *
        Illumina    Inc.
                                            4,142,312         1,374,171
     *
        Edwards    Lifesciences      Corp.
                                            5,876,280         1,370,877
        Humana    Inc.
                                            3,731,117         1,367,529
        Baxter   International      Inc.
                                           14,365,712         1,201,261
        HCA   Healthcare     Inc.
                                            7,643,617         1,129,803
        Zimmer    Biomet    Holdings    Inc.
                                            5,795,890         867,529
     *
        Regeneron     Pharmaceuticals        Inc.
                                            2,281,758         856,754
     *
        IQVIA    Holdings    Inc.
                                            4,651,009         718,627
     *
        Centene    Corp.
                                           11,065,329          695,677
     *
        Alexion    Pharmaceuticals        Inc.
                                            5,933,708         641,731
     *
        IDEXX    Laboratories      Inc.
                                            2,416,096         630,915
        ResMed    Inc.
                                            4,053,368         628,150
     *
        DexCom    Inc.
                                            2,578,662         564,057
     *
        Align   Technology      Inc.
                                            1,999,775         558,017
        Teleflex    Inc.
                                            1,305,090         491,288
     *
        WellCare     Health   Plans   Inc.
                                            1,413,003         466,588
     *
        Laboratory     Corp.   of America    Holdings
                                            2,736,674         462,963
     *
        Incyte   Corp.
                                            5,168,791         451,339
        Cooper    Cos.  Inc.
                                            1,397,517         449,008
     *
        BioMarin     Pharmaceutical       Inc.
                                            5,051,152         427,075
        Cardinal    Health   Inc.
                                            8,260,056         417,794
        Quest   Diagnostics      Inc.
                                            3,783,925         404,085
     *
        Hologic    Inc.
                                            7,560,838         394,751
     *
        Seattle   Genetics    Inc.
                                            3,383,951         386,650
                                354/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Exact   Sciences    Corp.
                                            4,152,833         384,054
        STERIS    plc
                                            2,387,221         363,860
     *
        Varian    Medical    Systems    Inc.
                                            2,562,187         363,856
     *
        Alnylam    Pharmaceuticals        Inc.
                                            3,148,889         362,658
        Dentsply    Sirona   Inc.
                                            6,279,146         355,337
        West   Pharmaceutical       Services    Inc.
                                            2,086,604         313,679
     *
        Elanco   Animal    Health   Inc.
                                           10,510,862          309,545
        Universal     Health   Services    Inc.  Class   B
                                            2,153,271         308,908
        PerkinElmer      Inc.
                                            3,135,130         304,421
     *
        Insulet   Corp.
                                            1,742,049         298,239
     *
        Mylan   NV
                                           14,518,973          291,831
     *
        Neurocrine     Biosciences      Inc.
                                            2,601,008         279,582
     *
        Henry   Schein   Inc.
                                            4,140,003         276,221
     *
        Sarepta    Therapeutics      Inc.
                                            1,988,386         256,581
     *
        Molina    Healthcare     Inc.
                                            1,764,941         239,485
                                355/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Bio-Techne      Corp.
                                            1,072,563         235,438
     *
        Catalent    Inc.
                                            4,115,680         231,713
     *
        Jazz  Pharmaceuticals        plc
                                            1,514,590         226,098
     *
        Bio-Rad    Laboratories      Inc.  Class   A
                                             596,434         220,698
     *
        Ionis   Pharmaceuticals        Inc.
                                            3,554,734         214,741
     *
        Masimo    Corp.
                                            1,357,552         214,575
        Hill-Rom     Holdings    Inc.
                                            1,885,688         214,082
     *
        Charles    River   Laboratories      International      Inc.
                                            1,374,457         209,962
     *
        ABIOMED      Inc.
                                            1,208,943         206,234
     *
        PRA   Health   Sciences    Inc.
                                            1,768,366         196,554
        Chemed    Corp.
                                             447,001         196,350
        Encompass      Health   Corp.
                                            2,773,163         192,097
     *
        Horizon    Therapeutics      plc
                                            5,240,941         189,722
     *
        Novocure     Ltd.
                                            2,233,522         188,219
        Perrigo    Co.  plc
                                            3,634,872         187,777
     *
        DaVita    Inc.
                                            2,381,556         178,688
     *
        Avantor    Inc.
                                            9,683,778         175,761
     *
        Medicines     Co.
                                            2,007,673         170,532
     *
        Arrowhead     Pharmaceuticals        Inc.
                                            2,670,284         169,376
     *,^
        Teladoc    Health   Inc.
                                            2,020,705         169,173
     *
        Haemonetics      Corp.
                                            1,427,395         164,008
     *
        Amedisys     Inc.
                                             900,594         150,327
     *
        Exelixis    Inc.
                                            8,498,487         149,743
     *
        HealthEquity      Inc.
                                            1,978,023         146,512
     *
        Penumbra     Inc.
                                             880,291         144,605
        Bruker   Corp.
                                            2,823,768         143,927
     *
        ACADIA     Pharmaceuticals        Inc.
                                            3,263,622         139,618
     *
        Syneos    Health   Inc.
                                            2,333,286         138,772
     *
        Reata   Pharmaceuticals        Inc.  Class   A
                                             660,171         134,959
     *,^
        Envista    Holdings    Corp.
                                            4,467,754         132,424
     *
        Global   Blood   Therapeutics      Inc.
                                            1,605,782         127,644
     *
        Globus    Medical    Inc.
                                            2,155,566         126,920
     *
        Repligen    Corp.
                                            1,321,352         122,225
     *
        Mirati   Therapeutics      Inc.
                                             938,573         120,945
     *
        Integra    LifeSciences      Holdings    Corp.
                                            2,043,511         119,096
     *
        NuVasive     Inc.
                                            1,467,381         113,487
     *
        LHC   Group   Inc.
                                             804,843         110,875
     *
        Tenet   Healthcare     Corp.
                                            2,908,950         110,627
     *,^
        Moderna    Inc.
                                            5,585,195         109,246
     *
        Wright    Medical    Group   NV
                                            3,559,215         108,485
     *
        Nektar   Therapeutics      Class   A
                                            4,936,909         106,563
     *
        Blueprint     Medicines     Corp.
                                            1,316,521         105,466
     *
        Immunomedics       Inc.
                                            4,970,815         105,182
     *
        Sage   Therapeutics      Inc.
                                            1,453,845         104,953
     *
        United   Therapeutics      Corp.
                                            1,182,480         104,153
     *
        Guardant     Health   Inc.
                                            1,323,273         103,401
     *
        ICU  Medical    Inc.
                                             551,551         103,206
     *
        Omnicell     Inc.
                                            1,185,290          96,862
     *
        Neogen    Corp.
                                            1,482,169          96,726
                                356/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Nevro   Corp.
                                             820,536         96,446
     *
        Bluebird    Bio  Inc.
                                            1,095,213          96,105
     *
        Tandem    Diabetes    Care  Inc.
                                            1,586,978          94,600
     *
        Alkermes     plc
                                            4,450,663          90,794
     *
        FibroGen     Inc.
                                            2,109,035          90,457
     *
        Iovance    Biotherapeutics       Inc.
                                            3,223,469          89,226
        CONMED     Corp.
                                             792,680         88,645
     *
        Intercept    Pharmaceuticals        Inc.
                                             696,072         86,257
     *
        MyoKardia      Inc.
                                            1,173,532          85,533
     *
        Agios   Pharmaceuticals        Inc.
                                            1,756,338          83,865
     *
        Acadia    Healthcare     Co.  Inc.
                                            2,482,633          82,473
     *
        NeoGenomics       Inc.
                                            2,771,052          81,053
     *
        PTC  Therapeutics      Inc.
                                            1,665,199          79,980
     *
        Quidel   Corp.
                                            1,052,038          78,934
     *,^
        Axsome    Therapeutics      Inc.
                                             737,657         76,244
                                357/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Audentes     Therapeutics      Inc.
                                            1,224,526          73,276
     *
        HMS   Holdings    Corp.
                                            2,469,055          73,084
     *
        Halozyme     Therapeutics      Inc.
                                            4,073,285          72,219
     *,^
        Allakos    Inc.
                                             756,232         72,114
     *
        Select   Medical    Holdings    Corp.
                                            3,056,856          71,347
        Cantel   Medical    Corp.
                                            1,005,184          71,268
     *
        Amicus    Therapeutics      Inc.
                                            7,151,539          69,656
     *
        Acceleron     Pharma    Inc.
                                            1,291,185          68,459
     *
        Emergent     BioSolutions      Inc.
                                            1,238,630          66,824
     *
        Natera   Inc.
                                            1,977,533          66,623
     *
        Zogenix    Inc.
                                            1,267,123          66,055
     *
        ArQule    Inc.
                                            3,216,030          64,192
        Ensign   Group   Inc.
                                            1,409,969          63,970
     *
        Ultragenyx     Pharmaceutical       Inc.
                                            1,495,401          63,869
     *
        Medpace    Holdings    Inc.
                                             753,626         63,350
     *
        Glaukos    Corp.
                                            1,162,332          63,312
     *
        MEDNAX     Inc.
                                            2,267,250          63,007
     *
        Arena   Pharmaceuticals        Inc.
                                            1,387,150          63,004
     *
        Momenta     Pharmaceuticals        Inc.
                                            3,192,196          62,982
     *
        Insmed    Inc.
                                            2,492,851          59,529
     *
        Prestige    Consumer     Healthcare     Inc.
                                            1,450,238          58,735
     *
        Deciphera     Pharmaceuticals        Inc.
                                             943,064         58,696
     *
        Heron   Therapeutics      Inc.
                                            2,450,005          57,575
     *
        Ironwood     Pharmaceuticals        Inc.  Class   A
                                            4,202,579          55,936
     *
        Myriad    Genetics    Inc.
                                            2,001,023          54,488
     *
        Kodiak    Sciences    Inc.
                                             726,944         52,304
        Healthcare     Services    Group   Inc.
                                            2,116,125          51,464
     *
        Pacira   BioSciences      Inc.
                                            1,121,928          50,823
     *
        Epizyme    Inc.
                                            2,062,143          50,729
     *
        iRhythm    Technologies       Inc.
                                             740,141         50,396
     *
        Xencor    Inc.
                                            1,442,713          49,615
     *
        Magellan     Health   Inc.
                                             630,873         49,366
     *
        Portola    Pharmaceuticals        Inc.
                                            2,042,645          48,778
        Patterson     Cos.  Inc.
                                            2,378,378          48,709
     *
        Ligand    Pharmaceuticals        Inc.
                                             463,388         48,327
     *
        Merit   Medical    Systems    Inc.
                                            1,480,732          46,228
     *
        Avanos    Medical    Inc.
                                            1,370,555          46,188
     *
        Cardiovascular       Systems    Inc.
                                             934,553         45,410
     *
        ChemoCentryx       Inc.
                                            1,132,250          44,780
     *
        STAAR    Surgical    Co.
                                            1,266,101          44,529
     *
        Intra-Cellular       Therapies     Inc.
                                            1,286,780          44,149
     *,^
        Esperion    Therapeutics      Inc.
                                             738,864         44,058
     *
        Ra  Pharmaceuticals        Inc.
                                             925,729         43,444
     *
        Aimmune     Therapeutics      Inc.
                                            1,274,076          42,643
     *
        BioTelemetry       Inc.
                                             910,036         42,135
     *
        Apellis    Pharmaceuticals        Inc.
                                            1,366,345          41,837
     *
        Editas   Medicine     Inc.
                                            1,395,879          41,332
        US  Physical    Therapy    Inc.
                                             359,768         41,139
     *,^
        Invitae    Corp.
                                            2,528,961          40,792
                                358/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Turning    Point   Therapeutics      Inc.
                                             647,880         40,356
     *
        Brookdale     Senior   Living   Inc.
                                            5,305,459          38,571
     *
        REGENXBIO       Inc.
                                             937,724         38,419
     *
        Addus   HomeCare     Corp.
                                             393,732         38,279
     *
        Inspire   Medical    Systems    Inc.
                                             507,453         37,658
     *
        Principia    Biopharma     Inc.
                                             663,998         36,374
     *
        Veracyte     Inc.
                                            1,290,773          36,038
     *
        Inogen   Inc.
                                             524,274         35,824
     *
        Corcept    Therapeutics      Inc.
                                            2,889,200          34,959
     *
        Dicerna    Pharmaceuticals        Inc.
                                            1,561,936          34,409
     *
        Forty   Seven   Inc.
                                             860,808         33,890
     *
        Tactile    Systems    Technology      Inc.
                                             500,207         33,769
     *
        AtriCure    Inc.
                                            1,035,040          33,649
     *
        Supernus     Pharmaceuticals        Inc.
                                            1,416,745          33,605
     *
        Varex   Imaging    Corp.
                                            1,099,198          32,767
                                359/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Fate  Therapeutics      Inc.
                                            1,671,670          32,715
     *
        R1  RCM   Inc.
                                            2,513,490          32,625
     *,^
        Denali   Therapeutics      Inc.
                                            1,866,725          32,518
     *
        Theravance      Biopharma     Inc.
                                            1,244,015          32,208
     *,^
        Aerie   Pharmaceuticals        Inc.
                                            1,299,007          31,397
     *,^
        Allogene    Therapeutics      Inc.
                                            1,207,657          31,375
     *
        Natus   Medical    Inc.
                                             938,942         30,976
     *
        Enanta   Pharmaceuticals        Inc.
                                             498,243         30,781
     *
        Coherus    Biosciences      Inc.
                                            1,701,617          30,638
        National    HealthCare      Corp.
                                             344,137         29,744
        Atrion   Corp.
                                             39,264         29,507
     *
        Constellation      Pharmaceuticals        Inc.
                                             618,688         29,146
     *
        Karyopharm      Therapeutics      Inc.
                                            1,482,485          28,419
     *
        Hanger    Inc.
                                            1,005,835          27,771
     *
        Sangamo     Therapeutics      Inc.
                                            3,312,218          27,723
     *
        NanoString      Technologies       Inc.
                                             983,655         27,365
     *
        10X  Genomics     Inc.  Class   A
                                             357,179         27,235
     *
        Tricida    Inc.
                                             713,796         26,939
     *
        CryoLife    Inc.
                                             991,127         26,850
     *
        Endo   International      plc
                                            5,680,116          26,640
     *
        Radius   Health   Inc.
                                            1,298,616          26,180
        Luminex    Corp.
                                            1,119,094          25,918
     *,^
        TG  Therapeutics      Inc.
                                            2,294,664          25,471
     *
        Athenex    Inc.
                                            1,666,172          25,442
        National    Research    Corp.
                                             384,351         25,344
     *
        CareDx    Inc.
                                            1,167,901          25,192
     *,^
        Bridgebio     Pharma    Inc.
                                             711,248         24,929
     *
        Tivity   Health   Inc.
                                            1,225,191          24,927
     *
        Shockwave      Medical    Inc.
                                             563,526         24,750
     *
        Innoviva    Inc.
                                            1,745,000          24,709
     *,^
        ZIOPHARM      Oncology     Inc.
                                            5,183,914          24,468
     *
        Codexis    Inc.
                                            1,512,302          24,182
     *
        Vanda   Pharmaceuticals        Inc.
                                            1,460,304          23,964
     *
        Orthofix    Medical    Inc.
                                             514,075         23,740
     *
        CorVel    Corp.
                                             270,812         23,658
     *
        Revance    Therapeutics      Inc.
                                            1,450,212          23,537
     *
        Pennant    Group   Inc.
                                             700,363         23,161
     *,^
        Change    Healthcare     Inc.
                                            1,411,121          23,128
     *
        RadNet    Inc.
                                            1,111,623          22,566
     *,^
        Rocket    Pharmaceuticals        Inc.
                                             989,744         22,527
     *
        Achillion     Pharmaceuticals        Inc.
                                            3,727,896          22,479
     *
        Atara   Biotherapeutics       Inc.
                                            1,360,944          22,415
     *
        Rhythm    Pharmaceuticals        Inc.
                                             958,392         22,005
     *
        Madrigal    Pharmaceuticals        Inc.
                                             236,491         21,547
     *
        Intersect    ENT   Inc.
                                             863,220         21,494
     *
        Silk  Road   Medical    Inc.
                                             532,263         21,493
     *
        Vericel    Corp.
                                            1,227,821          21,364
     *
        ImmunoGen      Inc.
                                            4,094,337          20,902
     *
        G1  Therapeutics      Inc.
                                             790,723         20,899
                                360/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Lantheus    Holdings     Inc.
                                            1,018,694          20,893
     *
        HealthStream       Inc.
                                             752,263         20,462
     *,^
        Omeros    Corp.
                                            1,429,761          20,145
     *
        Pacific    Biosciences      of California     Inc.
                                            3,912,251          20,109
     *
        Anika   Therapeutics      Inc.
                                             387,703         20,102
     *
        Arvinas    Inc.
                                             486,573         19,993
     *,^
        Dermira    Inc.
                                            1,317,610          19,975
     *
        Eagle   Pharmaceuticals        Inc.
                                             331,937         19,943
     *
        Kadmon    Holdings    Inc.
                                            4,370,620          19,799
     *
        Flexion    Therapeutics      Inc.
                                             941,811         19,495
     *
        Collegium     Pharmaceutical       Inc.
                                             941,938         19,385
     *
        Antares    Pharma    Inc.
                                            4,124,118          19,383
     *
        Akebia    Therapeutics      Inc.
                                            3,062,538          19,355
     *
        Heska   Corp.
                                             201,254         19,308
     *,^
        Karuna    Therapeutics      Inc.
                                             255,747         19,268
                                361/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Gossamer     Bio  Inc.
                                            1,231,336          19,246
     *
        NextCure     Inc.
                                             339,019         19,097
     *
        Amphastar     Pharmaceuticals        Inc.
                                             989,237         19,082
     *
        Durect   Corp.
                                            5,013,032          19,050
     *,^
        Cara  Therapeutics      Inc.
                                            1,179,613          19,004
     *
        Y-mAbs    Therapeutics      Inc.
                                             603,874         18,871
     *
        Retrophin     Inc.
                                            1,283,312          18,223
     *
        Axogen    Inc.
                                            1,018,358          18,218
     *
        Adverum     Biotechnologies        Inc.
                                            1,538,817          17,727
     *
        Krystal    Biotech    Inc.
                                             313,524         17,363
     *
        Cytokinetics      Inc.
                                            1,623,037          17,220
        LeMaitre     Vascular    Inc.
                                             478,977         17,219
     *
        Assembly     Biosciences      Inc.
                                             834,166         17,067
     *
        Cerus   Corp.
                                            3,967,073          16,741
     *
        Kura   Oncology     Inc.
                                            1,209,831          16,635
     *,^
        OPKO   Health   Inc.
                                           11,229,587           16,507
     *,^
        Intellia    Therapeutics      Inc.
                                            1,079,042          15,830
     *
        Adaptive     Biotechnologies        Corp.
                                             528,019         15,798
     *
        AngioDynamics        Inc.
                                             985,569         15,779
     *,^
        Cortexyme     Inc.
                                             276,822         15,541
     *,^
        TherapeuticsMD        Inc.
                                            6,386,860          15,456
     *,^
        Alector    Inc.
                                             895,951         15,437
     *,^
        Clovis   Oncology     Inc.
                                            1,462,934          15,251
     *
        MacroGenics      Inc.
                                            1,372,358          14,931
     *
        Option   Care  Health   Inc.
                                            3,951,026          14,737
     *,^
        Viking    Therapeutics      Inc.
                                            1,822,328          14,615
     *
        ANI  Pharmaceuticals        Inc.
                                             236,566         14,589
     *
        Surmodics     Inc.
                                             351,651         14,569
     *
        BioCryst    Pharmaceuticals        Inc.
                                            4,165,478          14,371
     *,^
        SmileDirectClub        Inc.
                                            1,616,844          14,131
     *
        OrthoPediatrics       Corp.
                                             297,707         13,989
     *
        Ardelyx    Inc.
                                            1,863,627          13,987
     *
        OraSure    Technologies       Inc.
                                            1,739,375          13,967
     *,^
        Relmada    Therapeutics      Inc.
                                             354,100         13,810
     *
        BioDelivery      Sciences    International      Inc.
                                            2,167,338          13,698
     *,^
        PetIQ   Inc.  Class   A
                                             543,975         13,627
     *
        Cutera   Inc.
                                             379,492         13,590
     *
        Amneal    Pharmaceuticals        Inc.
                                            2,811,815          13,553
     *
        Stemline    Therapeutics      Inc.
                                            1,267,932          13,478
     *,^
        Quanterix     Corp.
                                             567,826         13,418
     *,^
        ViewRay     Inc.
                                            3,168,703          13,372
     *
        Avrobio    Inc.
                                             654,001         13,165
     *,^
        Dynavax    Technologies       Corp.   Class   A
                                            2,269,045          12,979
     *
        Synthorx    Inc.
                                             185,143         12,940
     *,^
        Accelerate     Diagnostics      Inc.
                                             755,926         12,775
     *
        Agenus    Inc.
                                            3,109,343          12,655
     *
        Twist   Bioscience     Corp.
                                             594,000         12,474
     *
        Sientra    Inc.
                                            1,374,928          12,292
     *,^
        Provention     Bio  Inc.
                                             820,347         12,223
                                362/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Avid   Bioservices      Inc.
                                            1,591,048          12,203
     *
        Voyager    Therapeutics      Inc.
                                             871,872         12,163
     *
        Triple-S    Management      Corp.   Class   B
                                             655,778         12,125
     *
        Odonate    Therapeutics      Inc.
                                             370,406         12,020
     *,^
        Sorrento    Therapeutics      Inc.
                                            3,528,234          11,925
     *
        Homology     Medicines     Inc.
                                             568,781         11,774
     *
        Progenics     Pharmaceuticals        Inc.
                                            2,306,141          11,738
     *
        Axonics    Modulation      Technologies       Inc.
                                             419,114         11,614
     *
        CytomX    Therapeutics      Inc.
                                            1,367,661          11,365
     *
        Eiger   BioPharmaceuticals         Inc.
                                             759,974         11,324
     *
        AnaptysBio      Inc.
                                             688,681         11,191
     *,^
        IGM   Biosciences      Inc.
                                             285,947         10,912
        Utah   Medical    Products    Inc.
                                             100,221         10,814
        Meridian    Bioscience     Inc.
                                            1,100,229          10,749
     *
        AMAG    Pharmaceuticals        Inc.
                                             883,207         10,749
                                363/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Spectrum     Pharmaceuticals        Inc.
                                            2,948,132          10,731
     *
        Recro   Pharma    Inc.
                                             569,794         10,444
     *,^
        Intrexon    Corp.
                                            1,867,600          10,234
     *,^
        Corbus    Pharmaceuticals        Holdings    Inc.
                                            1,871,125          10,216
     *
        Catalyst    Pharmaceuticals        Inc.
                                            2,724,057          10,215
     *
        Rigel   Pharmaceuticals        Inc.
                                            4,673,184          10,001
     *,^
        XBiotech     Inc.
                                             528,503          9,865
     *
        IVERIC    bio  Inc.
                                            1,132,897           9,720
     *,^
        Progyny    Inc.
                                             351,610          9,652
     *
        Kindred    Biosciences      Inc.
                                            1,127,689           9,563
     *
        Pfenex   Inc.
                                             869,080          9,543
     *,^
        Eidos   Therapeutics      Inc.
                                             165,198          9,481
     *
        SI-BONE     Inc.
                                             437,574          9,408
     *
        Precision     BioSciences      Inc.
                                             674,353          9,367
     *
        Community      Health   Systems    Inc.
                                            3,198,313           9,275
     *
        BioSpecifics      Technologies       Corp.
                                             160,830          9,158
     *,^
        Inovio   Pharmaceuticals        Inc.
                                            2,754,474           9,090
     *
        PDL  BioPharma     Inc.
                                            2,754,978           8,940
     *,^
        TransMedics      Group   Inc.
                                             465,566          8,850
     *,^
        CEL-SCI     Corp.
                                             966,960          8,848
        Owens   & Minor   Inc.
                                            1,704,907           8,814
     *
        GenMark     Diagnostics      Inc.
                                            1,822,600           8,767
        Invacare    Corp.
                                             962,641          8,683
     *,^
        Rubius    Therapeutics      Inc.
                                             896,003          8,512
     *,^
        Mallinckrodt      plc
                                            2,343,282           8,178
     *,^
        Puma   Biotechnology       Inc.
                                             926,832          8,110
     *
        Calithera    Biosciences      Inc.
                                            1,409,585           8,049
     *
        Magenta    Therapeutics      Inc.
                                             526,943          7,988
     *
        Arcus   Biosciences      Inc.
                                             790,720          7,986
     *,^
        Lannett    Co.  Inc.
                                             894,888          7,893
     *
        Cue  Biopharma     Inc.
                                             487,285          7,736
     *,^
        Geron   Corp.
                                            5,673,622           7,716
     *
        SIGA   Technologies       Inc.
                                            1,615,615           7,706
     *,^
        Crinetics    Pharmaceuticals        Inc.
                                             306,721          7,696
     *,^
        Matinas    BioPharma     Holdings    Inc.
                                            3,386,671           7,688
     *
        Apyx   Medical    Corp.
                                             894,837          7,570
     *
        SpringWorks      Therapeutics      Inc.
                                             196,608          7,567
     *
        Alphatec    Holdings    Inc.
                                            1,057,633           7,504
     *
        Molecular     Templates     Inc.
                                             532,005          7,440
     *,^
        MannKind     Corp.
                                            5,703,261           7,357
     *
        Accuray    Inc.
                                            2,603,270           7,341
     *,^
        Akcea   Therapeutics      Inc.
                                             431,460          7,309
     *,^
        Evolus   Inc.
                                             595,634          7,249
     *
        Replimune     Group   Inc.
                                             500,980          7,189
     *
        MEI  Pharma    Inc.
                                            2,865,177           7,106
     *
        Fluidigm    Corp.
                                            2,034,877           7,081
     *
        Applied    Therapeutics      Inc.
                                             257,884          7,035
     *
        Mersana    Therapeutics      Inc.
                                            1,213,031           6,951
     *
        Syros   Pharmaceuticals        Inc.
                                            1,003,963           6,937
                                364/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Scholar    Rock   Holding    Corp.
                                             523,922          6,905
     *,^
        Apollo   Medical    Holdings    Inc.
                                             374,359          6,892
     *
        Minerva    Neurosciences       Inc.
                                             952,916          6,775
     *
        Aprea   Therapeutics      Inc.
                                             145,487          6,676
     *
        Misonix    Inc.
                                             357,374          6,651
     *
        Surgery    Partners    Inc.
                                             418,719          6,555
     *
        BioLife    Solutions     Inc.
                                             404,489          6,545
     *,^
        Optinose    Inc.
                                             708,073          6,528
     *
        Translate     Bio  Inc.
                                             800,026          6,512
     *
        SeaSpine     Holdings    Corp.
                                             509,938          6,124
     *
        Stoke   Therapeutics      Inc.
                                             212,600          6,021
     *,^
        MediciNova      Inc.
                                             891,718          6,010
     *
        Joint   Corp.
                                             370,808          5,985
     *
        Harrow    Health   Inc.
                                             763,120          5,937
     *
        Concert    Pharmaceuticals        Inc.
                                             638,360          5,889
                                365/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        ADMA    Biologics     Inc.
                                            1,452,248           5,809
     *
        Syndax    Pharmaceuticals        Inc.
                                             657,918          5,777
     *
        Abeona    Therapeutics      Inc.
                                            1,760,180           5,756
     *
        RTI  Surgical    Holdings    Inc.
                                            2,098,963           5,751
     *
        Vapotherm      Inc.
                                             463,490          5,636
     *
        Aeglea    BioTherapeutics        Inc.
                                             730,780          5,583
     *
        Gritstone     Oncology     Inc.
                                             598,855          5,372
     *
        KalVista    Pharmaceuticals        Inc.
                                             291,774          5,196
     *
        Verrica    Pharmaceuticals        Inc.
                                             325,091          5,166
     *
        Xeris   Pharmaceuticals        Inc.
                                             719,094          5,070
     *
        Chiasma    Inc.
                                             984,427          4,883
     *
        GlycoMimetics       Inc.
                                             910,116          4,815
     *
        X4  Pharmaceuticals        Inc.
                                             430,247          4,604
     *,^
        Athersys    Inc.
                                            3,726,182           4,583
     *
        Palatin   Technologies       Inc.
                                            5,849,095           4,575
     *
        Hookipa    Pharma    Inc.
                                             372,890          4,560
     *,^
        CorMedix     Inc.
                                             625,748          4,555
     *,^
        NGM   Biopharmaceuticals         Inc.
                                             245,251          4,535
     *,^
        AcelRx    Pharmaceuticals        Inc.
                                            2,142,380           4,520
     *
        Eloxx   Pharmaceuticals        Inc.
                                             608,308          4,477
     *
        Marinus    Pharmaceuticals        Inc.
                                            2,067,953           4,467
     *,^
        Catasys    Inc.
                                             271,875          4,434
     *,^
        Senseonics     Holdings    Inc.
                                            4,827,947           4,422
     *
        Fulgent    Genetics    Inc.
                                             341,824          4,410
     *,^
        XOMA    Corp.
                                             160,945          4,394
     *
        InfuSystem      Holdings    Inc.
                                             511,238          4,361
     *,^
        Amyris    Inc.
                                            1,409,918           4,357
     *
        iRadimed     Corp.
                                             185,109          4,328
     *,^
        Zynex   Inc.
                                             542,733          4,271
     *
        Jounce   Therapeutics      Inc.
                                             487,199          4,253
     *
        Agile   Therapeutics      Inc.
                                            1,689,440           4,224
     *,^
        Ocular   Therapeutix      Inc.
                                            1,066,121           4,211
     *
        Ovid   therapeutics      Inc.
                                            1,002,310           4,160
     *
        Atreca   Inc.
                                             266,417          4,121
     *
        UNITY    Biotechnology       Inc.
                                             568,733          4,101
     *,^
        Lexicon    Pharmaceuticals        Inc.
                                             978,318          4,060
     *
        Seres   Therapeutics      Inc.
                                            1,175,813           4,057
     *
        Protagonist      Therapeutics      Inc.
                                             573,903          4,046
     *
        Cymabay     Therapeutics      Inc.
                                            2,048,278           4,015
     *
        CASI   Pharmaceuticals        Inc.
                                            1,298,963           4,014
     *
        Rockwell     Medical    Inc.
                                            1,638,452           3,998
     *
        Exicure    Inc.
                                            1,397,521           3,997
     *
        Aravive    Inc.
                                             288,008          3,937
     *
        American     Renal   Associates     Holdings    Inc.
                                             379,646          3,937
     *
        FONAR    Corp.
                                             199,168          3,922
     *
        Harpoon    Therapeutics      Inc.
                                             264,272          3,909
     *
        Aldeyra    Therapeutics      Inc.
                                             667,217          3,877
     *
        Kiniksa    Pharmaceuticals        Ltd.  Class   A
                                             348,492          3,854
     *,^
        Zynerba    Pharmaceuticals        Inc.
                                             630,140          3,806
                                366/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Five  Prime   Therapeutics      Inc.
                                             824,351          3,784
     *
        Akorn   Inc.
                                            2,492,697           3,739
     *,^
        Anavex    Life  Sciences    Corp.
                                            1,425,049           3,691
     *
        Castle   Biosciences      Inc.
                                             107,186          3,684
     *,^
        Bioxcel    Therapeutics      Inc.
                                             249,603          3,647
     *
        Enzo   Biochem    Inc.
                                            1,366,399           3,594
     *
        Pulse   Biosciences      Inc.
                                             262,310          3,518
     *
        Exagen    Inc.
                                             137,795          3,500
     *
        Repro-Med      Systems    Inc.
                                             535,117          3,494
     *
        Personalis     Inc.
                                             315,739          3,442
     *
        Mustang    Bio  Inc.
                                             808,613          3,299
     *
        Dyadic    International      Inc.
                                             621,809          3,221
     *
        Genesis    Healthcare     Inc.
                                            1,960,136           3,215
     *,^
        CytoSorbents       Corp.
                                             832,151          3,204
     *
        Chimerix     Inc.
                                            1,522,300           3,090
                                367/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Paratek    Pharmaceuticals        Inc.
                                             766,225          3,088
     *,^
        Akero   Therapeutics      Inc.
                                             139,079          3,087
     *
        TCR2   Therapeutics      Inc.
                                             215,242          3,074
     *
        Lineage    Cell  Therapeutics      Inc.
                                            3,430,046           3,053
     *,^
        BioSig   Technologies       Inc.
                                             514,013          3,043
     *
        Satsuma    Pharmaceuticals        Inc.
                                             154,604          3,043
     *,^
        Galectin    Therapeutics      Inc.
                                            1,051,163           3,006
     *
        Stereotaxis     Inc.
                                             563,138          2,979
     *
        Spero   Therapeutics      Inc.
                                             307,402          2,956
     *,^
        EyePoint    Pharmaceuticals        Inc.
                                            1,904,792           2,952
     *,^
        Fortress    Biotech    Inc.
                                            1,134,317           2,915
     *
        Conformis     Inc.
                                            1,903,523           2,855
     *
        Otonomy     Inc.
                                             737,046          2,823
     *
        Acorda    Therapeutics      Inc.
                                            1,366,942           2,789
     *,^
        Proteostasis      Therapeutics      Inc.
                                            1,195,732           2,726
     *,^
        AVEO    Pharmaceuticals        Inc.
                                            4,364,829           2,725
     *,^
        Catalyst    Biosciences      Inc.
                                             398,149          2,711
     *
        Prevail    Therapeutics      Inc.
                                             170,499          2,699
     *
        Millendo    Therapeutics      Inc.
                                             396,400          2,672
     *
        Harvard    Bioscience     Inc.
                                             863,911          2,635
     *,^
        Venus   Concept    Inc.
                                             557,175          2,619
     *,^
        Marker    Therapeutics      Inc.
                                             904,972          2,606
     *,^
        DermTech     Inc.
                                             209,350          2,596
     *,^
        Savara   Inc.
                                             578,945          2,594
     *
        Sutro   Biopharma     Inc.
                                             234,251          2,577
     *,^
        Sesen   Bio  Inc.
                                            2,475,212           2,574
     *,^
        Novavax     Inc.
                                             643,291          2,560
     *
        PhaseBio     Pharmaceuticals        Inc.
                                             412,403          2,520
     *
        Assertio    Therapeutics      Inc.
                                            1,986,395           2,483
     *,^
        NantKwest     Inc.
                                             646,858          2,452
     *,^
        Viela   Bio  Inc.
                                             87,933         2,387
     *
        Capital    Senior   Living   Corp.
                                             740,585          2,288
     *,^
        La  Jolla  Pharmaceutical       Co.
                                             582,183          2,288
     *,^
        RAPT   Therapeutics      Inc.
                                             82,673         2,283
     *,^
        Soliton    Inc.
                                             204,101          2,241
     *,^
        Trevena    Inc.
                                            2,656,331           2,234
     *,^
        Verastem     Inc.
                                            1,655,459           2,218
     *,^
        Solid   Biosciences      Inc.
                                             489,748          2,179
     *,^
        Kala  Pharmaceuticals        Inc.
                                             590,072          2,177
     *,^
        NewLink     Genetics    Corp.
                                             859,970          2,176
     *,^
        BrainStorm      Cell  Therapeutics      Inc.
                                             499,658          2,139
     *,^
        Corvus    Pharmaceuticals        Inc.
                                             382,848          2,083
     *
        Adamas    Pharmaceuticals        Inc.
                                             549,413          2,082
     *
        Strongbridge      Biopharma     plc
                                             994,459          2,078
     *
        Cerecor    Inc.
                                             383,569          2,067
     *
        Chembio    Diagnostics      Inc.
                                             447,516          2,041
     *
        Cyclerion     Therapeutics      Inc.
                                             744,193          2,024
     *,^
        Ampio   Pharmaceuticals        Inc.
                                            3,462,732           2,019
     *,^
        Moleculin     Biotech    Inc.
                                            2,203,334           2,016
                                368/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Applied    Genetic    Technologies       Corp.
                                             438,277          1,981
     *,^
        Tyme   Technologies       Inc.
                                            1,410,436           1,975
     *
        Aquestive     Therapeutics      Inc.
                                             339,183          1,974
     *,^
        SCYNEXIS      Inc.
                                            2,036,941           1,854
     *
        Selecta    Biosciences      Inc.
                                             772,990          1,840
     *
        Orgenesis     Inc.
                                             390,018          1,817
     *,^
        Enochian     Biosciences      Inc.
                                             351,591          1,765
     *,^
        Cidara   Therapeutics      Inc.
                                             451,652          1,734
     *
        Oncocyte     Corp.
                                             766,650          1,725
     *
        Arbutus    Biopharma     Corp.
                                             616,293          1,713
     *,^
        Neos   Therapeutics      Inc.
                                            1,121,410           1,693
     *
        Electromed      Inc.
                                             191,641          1,658
     *
        Menlo   Therapeutics      Inc.
                                             353,454          1,640
     *
        Aptinyx    Inc.
                                             471,915          1,614
     *
        Clearside     Biomedical      Inc.
                                             554,321          1,608
                                369/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Champions      Oncology     Inc.
                                             189,449          1,578
     *
        Baudax    Bio  Inc.
                                             227,917          1,577
     *,^
        Catabasis     Pharmaceuticals        Inc.
                                             263,608          1,558
     *
        Celcuity    Inc.
                                             146,048          1,554
     *,^
        Eton  Pharmaceuticals        Inc.
                                             213,277          1,536
     *
        Synlogic    Inc.
                                             586,414          1,513
        Psychemedics       Corp.
                                             165,302          1,513
     *,^
        Frequency     Therapeutics      Inc.
                                             84,408         1,480
     *
        Infinity    Pharmaceuticals        Inc.
                                            1,491,350           1,432
     *
        Cumberland      Pharmaceuticals        Inc.
                                             275,632          1,420
     *
        Curis   Inc.
                                             822,614          1,398
     *,^
        Anixa   Biosciences      Inc.
                                             424,878          1,394
     *,^
        Bellicum    Pharmaceuticals        Inc.
                                            1,037,236           1,338
     *
        PAVmed     Inc.
                                            1,093,405           1,312
     *,^
        Aclaris    Therapeutics      Inc.
                                             694,097          1,312
     *
        Neuronetics      Inc.
                                             290,135          1,303
     *
        Pro-Dex    Inc.
                                             72,849         1,279
     *
        IRIDEX    Corp.
                                             563,826          1,263
     *
        Evofem    Biosciences      Inc.
                                             203,801          1,257
     *
        MRI  Interventions      Inc.
                                             260,350          1,250
     *
        Checkpoint      Therapeutics      Inc.
                                             724,862          1,247
     *
        Aduro   Biotech    Inc.
                                            1,032,336           1,218
     *
        LogicBio     Therapeutics      Inc.
                                             167,462          1,206
     *,^
        Evelo   Biosciences      Inc.
                                             287,124          1,166
     *
        CTI  BioPharma     Corp.
                                             722,814          1,142
     *,^
        Zosano    Pharma    Corp.
                                             745,534          1,133
     *,^
        Vermillion     Inc.
                                            1,379,576           1,117
     *,^
        Idera   Pharmaceuticals        Inc.
                                             613,295          1,116
     *,^
        ElectroCore      Inc.
                                             700,682          1,114
     *
        Calyxt   Inc.
                                             157,904          1,107
     *,^
        Mirum   Pharmaceuticals        Inc.
                                             44,378         1,088
     *
        Strata   Skin  Sciences    Inc.
                                             517,774          1,077
     *,^
        Quorum    Health   Corp.
                                            1,125,183           1,076
     *
        Sensus   Healthcare     Inc.
                                             297,376          1,053
     *
        Avenue    Therapeutics      Inc.
                                             109,407          1,050
     *
        Cabaletta     Bio  Inc.
                                             74,221         1,037
     *,^
        T2  Biosystems      Inc.
                                             885,873          1,036
     *,^
        Genocea    Biosciences      Inc.
                                             498,354          1,032
     *
        Soleno   Therapeutics      Inc.
                                             350,339          1,030
     *,^
        Kaleido    Biosciences      Inc.
                                             195,648           982
     *,^
        Sunesis    Pharmaceuticals        Inc.
                                            2,860,014           966
     *
        Apollo   Endosurgery      Inc.
                                             338,627           965
     *
        Novan   Inc.
                                             300,561           950
     *
        scPharmaceuticals         Inc.
                                             167,208           946
     *
        Liquidia    Technologies       Inc.
                                             217,927           932
     *,^
        Organovo     Holdings    Inc.
                                            2,598,783           924
        Merrimack     Pharmaceuticals        Inc.
                                             285,294           899
     *
        Kezar   Life  Sciences    Inc.
                                             223,678           897
     *
        Standard    Diversified      Inc.
                                             60,649          889
                                370/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Soligenix     Inc.
                                             598,911           868
     *
        Opiant   Pharmaceuticals        Inc.
                                             59,635          859
     *,^
        Oncternal     Therapeutics      Inc.
                                             214,040           845
     *
        PLx  Pharma    Inc.
                                             178,053           778
     *,^
        Arcadia    Biosciences      Inc.
                                             141,438           775
     *
        Celldex    Therapeutics      Inc.
                                             344,839           769
     *
        AgeX   Therapeutics      Inc.
                                             415,268           756
     *
        AquaBounty      Technologies       Inc.
                                             347,989           755
     *
        Celsion    Corp.
                                             437,596           748
     *,^
        VIVUS    Inc.
                                             271,618           739
     *,^
        resTORbio     Inc.
                                             491,365           732
     *
        Endologix     Inc.
                                             458,529           724
     *,^
        Milestone     Scientific     Inc.
                                             519,552           722
     *,^
        Adamis    Pharmaceuticals        Corp.
                                            1,029,133           721
     *
        Eyenovia     Inc.
                                             160,888           721
                                371/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Oyster   Point   Pharma    Inc.
                                             29,290          716
     *
        Altimmune      Inc.
                                             377,900           714
     *,^
        Cohbar    Inc.
                                             442,624           708
     *
        Equillium     Inc.
                                             203,300           687
     *
        Allena   Pharmaceuticals        Inc.
                                             245,176           669
     *,^
        Actinium     Pharmaceuticals        Inc.
                                            3,033,390           660
     *,^
        HTG   Molecular     Diagnostics      Inc.
                                             936,812           658
     *
        aTyr   Pharma    Inc.
                                             152,825           637
     *
        Neon   Therapeutics      Inc.
                                             536,388           633
     *
        Bioanalytical      Systems    Inc.
                                             126,596           627
     *,^
        NantHealth      Inc.
                                             604,166           622
     *
        Surface    Oncology     Inc.
                                             323,119           607
     *,^
        Axcella    Health   Inc.
                                             151,058           606
     *,^
        Vir  Biotechnology       Inc.
                                             47,376          596
     *,^
        Vaccinex     Inc.
                                             120,430           584
     *,^
        Teligent    Inc.
                                            1,357,779           578
     *,^
        Galera   Therapeutics      Inc.
                                             43,920          578
     *,^
        Ekso   Bionics    Holdings    Inc.
                                            1,398,803           547
     *,^
        Leap   Therapeutics      Inc.
                                             477,317           535
     *
        Alpine   Immune    Sciences    Inc.
                                             139,028           534
     *
        AzurRx    BioPharma     Inc.
                                             490,181           510
     *,^
        PolarityTE     Inc.
                                             194,180           505
     *
        Aerpio   Pharmaceuticals        Inc.
                                             802,614           500
     *
        Ideaya   Biosciences      Inc.
                                             66,615          500
     *
        Zafgen    Inc.
                                             444,733           494
     *,^
        Second    Sight   Medical    Products    Inc.
                                             656,944           487
     *
        IsoRay    Inc.
                                             766,512           479
     *
        Alimera    Sciences    Inc.
                                             62,517          474
     *
        KemPharm      Inc.
                                            1,194,467           453
     *,^
        Cassava    Sciences    Inc.
                                             86,716          451
     *,^
        Biolase    Inc.
                                             815,191           451
     *,^
        Citius   Pharmaceuticals        Inc.
                                             435,356           444
     *,^
        Oragenics     Inc.
                                             844,227           442
     *
        Adial   Pharmaceuticals        Inc.
                                             176,277           425
     *,^
        SELLAS    Life  Sciences    Group   Inc.
                                             95,483          411
     *
        Spring   Bank   Pharmaceuticals        Inc.
                                             255,362           403
     *,^
        Co-Diagnostics       Inc.
                                             438,601           393
     *,^
        Evoke   Pharma    Inc.
                                             241,002           390
     *
        ContraFect     Corp.
                                             624,454           388
     *
        Caladrius     Biosciences      Inc.
                                             153,833           386
     *
        Tela  Bio  Inc.
                                             29,229          379
     *,^
        Conatus    Pharmaceuticals        Inc.
                                             936,834           375
     *
        Xtant   Medical    Holdings    Inc.
                                             221,928           355
     *
        AdaptHealth      Corp.
                                             32,212          354
     *
        ImmuCell     Corp.
                                             66,289          341
     *
        Biomerica     Inc.
                                             113,198           336
     *
        Tocagen    Inc.
                                             584,325           312
     *
        DiaMedica     Therapeutics      Inc.
                                             63,532          308
     *,^
        Helius   Medical    Technologies       Inc.  Class   A
                                             314,754           305
                                372/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Unum   Therapeutics      Inc.
                                             400,874           289
     *
        Acer   Therapeutics      Inc.
                                             70,268          282
     *,^
        Trovagene     Inc.
                                             216,695           269
     *
        TFF  Pharmaceuticals        Inc.
                                             49,161          263
     *,^
        Obalon    Therapeutics      Inc.
                                             137,023           260
     *,^
        Heat  Biologics     Inc.
                                             534,924           254
     *
        Bellerophon      Therapeutics      Inc.
                                             681,990           238
     *
        Sophiris    Bio  Inc.
                                             618,362           229
     *
        Aptevo    Therapeutics      Inc.
                                             335,112           219
     *,^
        vTv  Therapeutics      Inc.  Class   A
                                             116,755           198
     *
        Miragen    Therapeutics      Inc.
                                             292,449           140
     *,^
        Navidea    Biopharmaceuticals         Inc.
                                             109,561           138
     *
        Cocrystal     Pharma    Inc.
                                             268,535           133
     *,^
        Outlook    Therapeutics      Inc.
                                             223,704           132
     *
        Trevi   Therapeutics      Inc.
                                             32,341          121
                                373/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Aileron    Therapeutics      Inc.
                                             199,290           114
     *
        Retractable      Technologies       Inc.
                                             65,800           99
     *
        Zomedica     Pharmaceuticals        Corp.
                                             294,779           98
     *
        American     Shared   Hospital    Services
                                             36,338           89
     *
        RA  Medical    Systems    Inc.
                                             65,700           74
     *,^
        OncoSec    Medical    Inc.
                                             38,594           70
     *
        Aevi   Genomic    Medicine     Inc.
                                             425,218           62
     *,^
        Imac   Holdings    Inc.
                                             38,906           58
     *
        PDS  Biotechnology       Corp.
                                             20,105           53
     *
        Inmune    Bio  Inc.
                                              8,450          49
     *
        Daxor   Corp.
                                              5,067          48
     *
        Five  Star  Senior   Living   Inc.
                                              9,610          36
     ^,§
        Synergy    Pharmaceuticals        Inc.
                                            5,148,145            33
     *,^
        Predictive     Oncology     Inc.
                                             11,228           29
     *
        Dynatronics      Corp.
                                             32,976           27
     *
        Entasis    Therapeutics      Holdings    Inc.
                                              5,429          27
     *
        Brickell    Biotech    Inc.
                                             15,297           23
     *,^,§
        Oncternal     Therapeutics      Inc.  CVR
                                              8,933          18
     *,^
        Onconova     Therapeutics      Inc.
                                             33,111           13
     *
        Cleveland     BioLabs    Inc.
                                             19,875           12
     *
        NanoViricides       Inc.
                                               967          2
     *
        Galena    Biopharma     Inc  Warrants     Exp.  03/18/2020
                                                        -
                                             157,500
                                                   116,863,672
     Industrials     (13.1%)
        Boeing    Co.
                                           15,062,314         4,906,699
        Accenture     plc  Class   A
                                           17,886,881         3,766,441
        United   Technologies       Corp.
                                           24,306,428         3,640,131
     *
        PayPal    Holdings    Inc.
                                           33,082,634         3,578,549
        Honeywell     International      Inc.
                                           20,133,795         3,563,682
        Union   Pacific    Corp.
                                           19,557,102         3,535,728
        3M  Co.
                                           16,202,829         2,858,503
        General    Electric    Co.
                                           246,031,669          2,745,713
        Danaher    Corp.
                                           17,624,443         2,705,000
        Lockheed     Martin   Corp.
                                            6,750,918         2,628,672
        Fidelity    National    Information      Services    Inc.
                                           17,313,071         2,408,075
        United   Parcel   Service    Inc.  Class   B
                                           19,729,577         2,309,544
        Caterpillar     Inc.
                                           15,569,314         2,299,276
     *
        Fiserv   Inc.
                                           16,267,820         1,881,048
        Automatic     Data  Processing     Inc.
                                           10,972,753         1,870,854
        Raytheon     Co.
                                            7,843,388         1,723,506
        Global   Payments     Inc.
                                            8,460,242         1,544,502
        Deere   & Co.
                                            8,870,796         1,536,954
        CSX   Corp.
                                           20,940,117         1,515,227
        Northrop    Grumman     Corp.
                                            4,274,261         1,470,218
        Illinois    Tool   Works   Inc.
                                            8,147,437         1,463,524
        Norfolk    Southern    Corp.
                                            7,347,299         1,426,331
        Sherwin-Williams         Co.
                                            2,337,827         1,364,216
        Waste   Management      Inc.
                                           11,939,971         1,360,679
        Emerson    Electric    Co.
                                           17,160,626         1,308,669
                                374/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        General    Dynamics     Corp.
                                            6,914,439         1,219,361
        Eaton   Corp.   plc
                                           11,650,429         1,103,529
        Roper   Technologies       Inc.
                                            2,925,810         1,036,410
        FedEx   Corp.
                                            6,620,144         1,001,032
        Amphenol     Corp.   Class   A
                                            8,363,400         905,171
        TE  Connectivity      Ltd.
                                            9,429,331         903,707
        Ingersoll-Rand       plc
                                            6,753,674         897,698
        Johnson    Controls    International      plc
                                           21,759,805          885,842
        TransDigm      Group   Inc.
                                            1,432,914         802,432
        Paychex    Inc.
                                            9,086,455         772,894
        Cummins     Inc.
                                            4,315,013         772,215
        PACCAR     Inc.
                                            9,741,392         770,544
        Parker-Hannifin        Corp.
                                            3,613,679         743,767
        Agilent    Technologies       Inc.
                                            8,716,091         743,570
        Willis   Towers    Watson    plc
                                            3,629,383         732,918
                                375/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Stanley    Black   & Decker    Inc.
                                            4,269,928         707,698
     *
        FleetCor    Technologies       Inc.
                                            2,442,853         702,858
        Verisk   Analytics     Inc.  Class   A
                                            4,604,338         687,612
        Waste   Connections      Inc.
                                            7,427,122         674,308
        Cintas   Corp.
                                            2,474,991         665,971
        Rockwell     Automation      Inc.
                                            3,257,536         660,205
        AMETEK     Inc.
                                            6,411,498         639,483
     *
        CoStar   Group   Inc.
                                            1,031,229         616,984
        Fortive    Corp.
                                            8,037,182         613,960
     *
        Square   Inc.
                                            9,773,462         611,428
        Ball  Corp.
                                            9,232,916         597,093
        Fastenal    Co.
                                           16,105,669          595,104
     *
        Mettler-Toledo       International      Inc.
                                             686,153         544,311
     *
        Keysight    Technologies       Inc.
                                            5,273,315         541,200
        Vulcan    Materials     Co.
                                            3,718,789         535,468
        Republic    Services    Inc.  Class   A
                                            5,876,096         526,674
        Martin   Marietta    Materials     Inc.
                                            1,755,087         490,793
        Dover   Corp.
                                            4,089,537         471,360
        TransUnion
                                            5,301,130         453,830
        WW  Grainger    Inc.
                                            1,291,005         437,031
        Kansas    City  Southern
                                            2,791,815         427,594
     *
        Waters    Corp.
                                            1,813,544         423,735
        Xylem   Inc.
                                            5,071,313         399,569
        Wabtec    Corp.
                                            5,124,682         398,700
        Broadridge     Financial     Solutions     Inc.
                                            3,211,735         396,778
     *
        Zebra   Technologies       Corp.
                                            1,520,344         388,357
        Masco   Corp.
                                            8,069,900         387,275
        Old  Dominion     Freight    Line  Inc.
                                            2,024,609         384,230
        Expeditors     International      of Washington      Inc.
                                            4,794,618         374,076
        IDEX   Corp.
                                            2,136,048         367,400
     *
        Teledyne     Technologies       Inc.
                                            1,025,602         355,412
     *
        United   Rentals    Inc.
                                            2,117,638         353,158
        Arconic    Inc.
                                           10,989,080          338,134
        Jacobs   Engineering      Group   Inc.
                                            3,755,321         337,340
        Allegion    plc
                                            2,620,716         326,384
        Jack  Henry   & Associates     Inc.
                                            2,172,778         316,509
        Westrock     Co.
                                            7,254,159         311,276
        Packaging     Corp.   of America
                                            2,663,578         298,294
        CH  Robinson     Worldwide      Inc.
                                            3,812,881         298,167
     *
        Trimble    Inc.
                                            7,034,202         293,256
     *
        Fair  Isaac   Corp.
                                             775,889         290,710
        Huntington      Ingalls   Industries     Inc.
                                            1,147,843         287,971
        Textron    Inc.
                                            6,437,139         287,096
        JB  Hunt   Transport     Services    Inc.
                                            2,404,710         280,822
        Booz   Allen   Hamilton     Holding    Corp.   Class   A
                                            3,927,748         279,381
     *
        Crown   Holdings    Inc.
                                            3,815,024         276,742
        HEICO    Corp.   Class   A
                                            3,049,670         273,037
        Snap-on    Inc.
                                            1,548,376         262,295
        Carlisle    Cos.  Inc.
                                            1,592,575         257,742
                                376/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cognex    Corp.
                                            4,570,768         256,146
     *
        WEX   Inc.
                                            1,215,623         254,624
        Lennox    International      Inc.
                                            1,028,529         250,930
        Universal     Display    Corp.
                                            1,191,065         245,443
        Graco   Inc.
                                            4,689,227         243,840
     *
        Sensata    Technologies       Holding    plc
                                            4,481,613         241,424
        Toro   Co.
                                            2,986,390         237,926
        Nordson    Corp.
                                            1,457,766         237,383
     *
        Euronet    Worldwide      Inc.
                                            1,450,816         228,591
        Hubbell    Inc.  Class   B
                                            1,527,356         225,774
        Genpact    Ltd.
                                            5,344,180         225,364
        Pentair    plc
                                            4,751,969         217,973
        Spirit   AeroSystems      Holdings    Inc.  Class   A
                                            2,911,781         212,211
        AptarGroup      Inc.
                                            1,790,394         207,005
     *
        XPO   Logistics    Inc.
                                            2,593,353         206,690
                                377/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Donaldson     Co.  Inc.
                                            3,563,105         205,306
        Owens   Corning
                                            3,055,871         198,998
        FLIR   Systems    Inc.
                                            3,784,381         197,053
        Robert   Half  International      Inc.
                                            3,108,925         196,329
        Woodward     Inc.
                                            1,652,105         195,675
     *
        Arrow   Electronics     Inc.
                                            2,304,652         195,296
        Xerox   Holdings    Corp.
                                            5,176,930         190,873
     *
        HD  Supply    Holdings    Inc.
                                            4,674,690         188,016
        AO  Smith   Corp.
                                            3,865,252         184,141
        Flowserve     Corp.
                                            3,683,180         183,312
     *
        AECOM
                                            4,226,973         182,309
        ITT  Inc.
                                            2,463,209         182,056
        Oshkosh    Corp.
                                            1,917,703         181,511
     *
        Generac    Holdings    Inc.
                                            1,766,911         177,734
     *
        Berry   Global   Group   Inc.
                                            3,722,405         176,777
        Hexcel    Corp.
                                            2,376,694         174,235
        Sealed   Air  Corp.
                                            4,366,023         173,899
        Sonoco    Products    Co.
                                            2,806,392         173,211
        Curtiss-Wright       Corp.
                                            1,197,147         168,666
        BWX   Technologies       Inc.
                                            2,698,961         167,551
        Lincoln    Electric    Holdings    Inc.
                                            1,731,165         167,456
        MDU   Resources     Group   Inc.
                                            5,590,152         166,083
        Watsco    Inc.
                                             914,183         164,690
     *
        Stericycle     Inc.
                                            2,569,815         163,980
        Quanta    Services    Inc.
                                            3,987,345         162,325
        ManpowerGroup        Inc.
                                            1,665,334         161,704
        Jabil  Inc.
                                            3,862,331         159,630
        Acuity   Brands    Inc.
                                            1,117,985         154,282
        Allison    Transmission       Holdings    Inc.
                                            3,187,105         154,001
        National    Instruments      Corp.
                                            3,525,962         149,289
     *
        Trex   Co.  Inc.
                                            1,647,184         148,049
     *
        Kirby   Corp.
                                            1,607,908         143,956
        Air  Lease   Corp.   Class   A
                                            3,002,279         142,668
     *
        IPG  Photonics     Corp.
                                             975,668         141,394
        Alliance    Data  Systems    Corp.
                                            1,230,157         138,024
     *
        Gardner    Denver    Holdings    Inc.
                                            3,731,667         136,878
        Graphic    Packaging     Holding    Co.
                                            8,185,519         136,289
        EMCOR    Group   Inc.
                                            1,568,399         135,353
        MAXIMUS      Inc.
                                            1,792,574         133,350
        Tetra   Tech   Inc.
                                            1,539,016         132,602
        AGCO    Corp.
                                            1,707,644         131,916
        Landstar    System    Inc.
                                            1,114,973         126,962
        Armstrong     World   Industries     Inc.
                                            1,348,488         126,717
        Brink's    Co.
                                            1,394,761         126,477
        MSA   Safety   Inc.
                                             987,225         124,746
        Littelfuse     Inc.
                                             649,297         124,211
        Crane   Co.
                                            1,422,858         122,906
     *
        Axon   Enterprise     Inc.
                                            1,665,123         122,020
     *
        Clean   Harbors    Inc.
                                            1,413,113         121,174
                                378/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        KBR   Inc.
                                            3,957,648         120,708
        Knight-Swift      Transportation       Holdings    Inc.
                                            3,361,921         120,491
        Avnet   Inc.
                                            2,836,229         120,370
     *
        Paylocity     Holding    Corp.
                                             980,865         118,508
     *
        FTI  Consulting     Inc.
                                            1,049,343         116,120
     *
        Coherent    Inc.
                                             676,200         112,486
     *
        MasTec    Inc.
                                            1,722,309         110,503
        nVent   Electric    plc
                                            4,285,096         109,613
        Timken    Co.
                                            1,928,445         108,591
     *
        Mercury    Systems    Inc.
                                            1,564,837         108,146
        Eagle   Materials     Inc.
                                            1,177,535         106,755
     *
        RBC   Bearings    Inc.
                                             672,541         106,490
     *
        SiteOne    Landscape     Supply    Inc.
                                            1,159,082         105,071
     *
        ASGN   Inc.
                                            1,418,284         100,656
        Exponent     Inc.
                                            1,452,514         100,238
                                379/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        John  Bean   Technologies       Corp.
                                             889,352         100,194
     *
        TopBuild     Corp.
                                             966,941         99,672
        Regal   Beloit   Corp.
                                            1,158,228          99,156
     *
        CoreLogic     Inc.
                                            2,266,670          99,076
        Louisiana-Pacific        Corp.
                                            3,322,191          98,569
        MSC   Industrial     Direct   Co.  Inc.  Class   A
                                            1,254,207          98,418
     *
        Rexnord    Corp.
                                            2,845,848          92,832
        Insperity    Inc.
                                            1,069,506          92,020
        Simpson    Manufacturing       Co.  Inc.
                                            1,131,147          90,752
     *
        Colfax   Corp.
                                            2,479,890          90,218
     *
        Aerojet    Rocketdyne      Holdings    Inc.
                                            1,974,309          90,147
        EnerSys
                                            1,188,605          88,943
        Valmont    Industries     Inc.
                                             593,357         88,873
     *
        Itron   Inc.
                                            1,054,312          88,509
        Macquarie     Infrastructure       Corp.
                                            2,051,792          87,899
        UniFirst    Corp.
                                             434,798         87,821
        Tradeweb     Markets    Inc.  Class   A
                                            1,864,429          86,416
        Kennametal      Inc.
                                            2,340,709          86,349
        Barnes   Group   Inc.
                                            1,369,361          84,846
     *
        Novanta    Inc.
                                             946,731         83,729
     *
        Builders    FirstSource      Inc.
                                            3,240,867          82,350
        GATX    Corp.
                                             990,452         82,059
     *
        AMN   Healthcare     Services    Inc.
                                            1,311,941          81,747
        Ryder   System    Inc.
                                            1,502,380          81,594
     *
        II-VI   Inc.
                                            2,388,467          80,420
        Vishay    Intertechnology        Inc.
                                            3,749,783          79,833
        Watts   Water   Technologies       Inc.  Class   A
                                             787,259         78,537
        Moog   Inc.  Class   A
                                             917,865         78,321
        Universal     Forest   Products    Inc.
                                            1,637,539          78,111
        Brady   Corp.   Class   A
                                            1,332,413          76,294
        World   Fuel  Services    Corp.
                                            1,744,961          75,766
     *
        Summit    Materials     Inc.  Class   A
                                            3,142,216          75,099
     *
        Anixter    International      Inc.
                                             808,620         74,474
        Fluor   Corp.
                                            3,927,579          74,153
     *
        Integer    Holdings    Corp.
                                             920,930         74,070
     *
        Proto   Labs   Inc.
                                             726,734         73,800
     *
        Allegheny     Technologies       Inc.
                                            3,567,445          73,703
        Applied    Industrial     Technologies       Inc.
                                            1,099,940          73,355
        ABM   Industries     Inc.
                                            1,886,672          71,146
        Belden    Inc.
                                            1,282,992          70,565
     *
        WESCO    International      Inc.
                                            1,170,038          69,489
     *
        Saia  Inc.
                                             727,153         67,712
     *
        Fabrinet
                                            1,040,350          67,456
     *
        TriNet   Group   Inc.
                                            1,189,133          67,317
        Silgan   Holdings    Inc.
                                            2,160,342          67,143
        Korn   Ferry
                                            1,569,426          66,544
        Altra   Industrial     Motion    Corp.
                                            1,831,025          66,301
        Albany    International      Corp.   Class   A
                                             866,534         65,787
        Franklin    Electric    Co.  Inc.
                                            1,139,055          65,291
                                380/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Rogers    Corp.
                                             521,076         64,994
        ESCO   Technologies       Inc.
                                             701,344         64,874
     *
        ExlService     Holdings    Inc.
                                             928,943         64,524
     *
        Sanmina    Corp.
                                            1,880,642          64,393
     *
        Advanced     Disposal    Services    Inc.
                                            1,956,788          64,320
     *
        Plexus   Corp.
                                             824,961         63,473
     *
        SPX  Corp.
                                            1,238,553          63,018
     *
        Beacon    Roofing    Supply    Inc.
                                            1,939,177          62,015
        ManTech     International      Corp.   Class   A
                                             758,680         60,603
        HEICO    Corp.
                                             526,014         60,044
        Otter   Tail  Corp.
                                            1,166,281          59,819
     *
        Cimpress     plc
                                             474,612         59,692
        Deluxe    Corp.
                                            1,182,578          59,034
     *
        SPX  FLOW    Inc.
                                            1,202,670          58,774
        AAON    Inc.
                                            1,177,065          58,159
                                381/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Trinity    Industries     Inc.
                                            2,622,573          58,090
     *
        Casella    Waste   Systems    Inc.  Class   A
                                            1,256,851          57,853
        Triton   International      Ltd.
                                            1,438,689          57,835
        Forward    Air  Corp.
                                             810,171         56,671
        Terex   Corp.
                                            1,902,876          56,668
        EVERTEC      Inc.
                                            1,651,042          56,201
        Cubic   Corp.
                                             881,234         56,020
        Federal    Signal   Corp.
                                            1,697,709          54,751
     *
        BMC   Stock   Holdings    Inc.
                                            1,895,128          54,371
     *
        Knowles    Corp.
                                            2,552,817          53,992
     *
        Atkore   International      Group   Inc.
                                            1,325,534          53,631
        Badger    Meter   Inc.
                                             825,839         53,622
        Mueller    Water   Products    Inc.  Class   A
                                            4,442,882          53,226
     *
        Ambarella     Inc.
                                             874,434         52,956
        O-I  Glass   Inc.
                                            4,424,303          52,782
        McGrath    RentCorp
                                             685,341         52,456
        Kaman    Corp.
                                             785,414         51,774
     *
        Masonite     International      Corp.
                                             704,642         50,882
     *
        Kratos   Defense    & Security    Solutions     Inc.
                                            2,819,400          50,777
     *
        Harsco    Corp.
                                            2,183,641          50,246
     *,^
        Verra   Mobility    Corp.   Class   A
                                            3,581,802          50,109
        Comfort    Systems    USA   Inc.
                                            1,004,687          50,084
        Covanta    Holding    Corp.
                                            3,371,015          50,026
        Advanced     Drainage    Systems    Inc.
                                            1,256,226          48,792
     *
        OSI  Systems    Inc.
                                             480,919         48,448
        Matson    Inc.
                                            1,177,568          48,045
        Mueller    Industries     Inc.
                                            1,509,869          47,938
        Aircastle    Ltd.
                                            1,474,038          47,184
        Werner    Enterprises     Inc.
                                            1,291,427          46,995
        Mobile    Mini   Inc.
                                            1,237,481          46,913
     *
        Hub  Group   Inc.  Class   A
                                             912,371         46,796
        ICF  International      Inc.
                                             506,935         46,445
     *
        Gibraltar    Industries     Inc.
                                             916,853         46,246
     *
        Cardtronics      plc  Class   A
                                            1,020,637          45,571
     *
        Huron   Consulting     Group   Inc.
                                             653,393         44,901
        Actuant    Corp.   Class   A
                                            1,694,688          44,113
        AAR   Corp.
                                             967,549         43,636
     *
        JELD-WEN      Holding    Inc.
                                            1,825,759          42,741
        Rush   Enterprises     Inc.  Class   A
                                             918,626         42,716
        Greif   Inc.  Class   A
                                             934,534         41,306
     *
        Resideo    Technologies       Inc.
                                            3,447,005          41,123
        Boise   Cascade    Co.
                                            1,122,893          41,019
     *
        Navistar    International      Corp.
                                            1,412,286          40,872
     *
        TTM   Technologies       Inc.
                                            2,681,516          40,357
     *
        Installed    Building    Products    Inc.
                                             585,725         40,339
     *
        Dycom    Industries     Inc.
                                             854,031         40,268
        Methode    Electronics     Inc.
                                            1,012,689          39,849
        Alamo   Group   Inc.
                                             315,356         39,593
     *
        Sykes   Enterprises     Inc.
                                            1,070,293          39,590
                                382/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        KEMET    Corp.
                                            1,457,096          39,414
        US  Ecology    Inc.
                                             679,515         39,351
     *
        TriMas    Corp.
                                            1,252,470          39,340
     *
        Pluralsight     Inc.  Class   A
                                            2,264,398          38,970
        EnPro   Industries     Inc.
                                             579,749         38,774
        Helios   Technologies       Inc.
                                             834,935         38,599
     *
        CBIZ   Inc.
                                            1,424,224          38,397
     *
        AeroVironment        Inc.
                                             618,412         38,181
     *
        Air  Transport     Services    Group   Inc.
                                            1,604,411          37,639
        Tennant    Co.
                                             481,117         37,489
        Granite    Construction      Inc.
                                            1,344,763          37,210
     *
        Inovalon    Holdings    Inc.  Class   A
                                            1,973,332          37,138
     *
        Cardlytics     Inc.
                                             583,879         36,703
        Benchmark      Electronics     Inc.
                                            1,053,585          36,201
     *
        Continental      Building    Products    Inc.
                                             987,208         35,964
                                383/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Schneider     National    Inc.  Class   B
                                            1,622,288          35,398
        Douglas    Dynamics     Inc.
                                             642,136         35,317
     *
        Livent   Corp.
                                            4,095,053          35,013
     *
        MACOM     Technology      Solutions     Holdings    Inc.
                                            1,313,868          34,949
        AZZ   Inc.
                                             755,247         34,704
        Raven   Industries     Inc.
                                             994,597         34,274
        Triumph    Group   Inc.
                                            1,348,067          34,066
        Encore    Wire   Corp.
                                             566,014         32,489
        Patrick    Industries     Inc.
                                             611,425         32,057
        CSW   Industrials     Inc.
                                             413,588         31,846
     *
        Everi   Holdings    Inc.
                                            2,312,230          31,053
        H&E   Equipment     Services    Inc.
                                             916,733         30,646
        Kadant    Inc.
                                             288,498         30,390
        AVX   Corp.
                                            1,478,940          30,274
        Lindsay    Corp.
                                             312,525         29,999
     *
        Conduent     Inc.
                                            4,828,233          29,935
     *
        GMS   Inc.
                                            1,102,604          29,859
        Greenbrier     Cos.  Inc.
                                             902,095         29,255
        Standex    International      Corp.
                                             360,860         28,634
        Primoris    Services    Corp.
                                            1,254,157          27,892
     *
        Evo  Payments     Inc.  Class   A
                                            1,041,915          27,517
     *
        TrueBlue     Inc.
                                            1,138,467          27,392
        Mesa   Laboratories      Inc.
                                             109,675         27,353
        Astec   Industries     Inc.
                                             634,135         26,634
     ^
        Maxar   Technologies       Inc.
                                            1,691,423          26,505
        MTS   Systems    Corp.
                                             550,352         26,433
     *
        CIRCOR     International      Inc.
                                             568,503         26,288
        Heartland     Express    Inc.
                                            1,232,880          25,952
     ^
        ADT   Inc.
                                            3,185,034          25,257
        Columbus     McKinnon     Corp.
                                             628,649         25,165
     *
        FARO   Technologies       Inc.
                                             495,738         24,960
        CTS  Corp.
                                             828,636         24,867
     *
        Vicor   Corp.
                                             523,087         24,439
        Apogee    Enterprises     Inc.
                                             742,275         24,124
     *
        SEACOR     Holdings    Inc.
                                             556,587         24,017
     *
        Thermon    Group   Holdings    Inc.
                                             886,509         23,758
     *
        PGT  Innovations      Inc.
                                            1,576,403          23,504
        Griffon    Corp.
                                            1,153,151          23,444
     *
        Parsons    Corp.
                                             565,417         23,340
        Kforce   Inc.
                                             582,497         23,125
        Marten    Transport     Ltd.
                                            1,059,019          22,758
        Wabash    National    Corp.
                                            1,524,938          22,401
        Cass  Information      Systems    Inc.
                                             378,071         21,830
        TTEC   Holdings    Inc.
                                             522,427         20,699
     *
        International      Seaways    Inc.
                                             687,748         20,467
     *
        Aegion    Corp.   Class   A
                                             908,626         20,326
     *,^
        Virgin   Galactic    Holdings    Inc.
                                            1,674,100          19,336
     *
        Atlas   Air  Worldwide      Holdings    Inc.
                                             695,506         19,175
        Kelly   Services    Inc.  Class   A
                                             838,394         18,931
                                384/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        US  Concrete    Inc.
                                             451,577         18,813
        ArcBest    Corp.
                                             678,178         18,718
        Barrett   Business    Services    Inc.
                                             206,369         18,668
     *
        Evolent    Health   Inc.  Class   A
                                            2,049,375          18,547
     *
        Great   Lakes   Dredge    & Dock   Corp.
                                            1,619,500          18,349
     *
        Manitowoc      Co.  Inc.
                                            1,034,785          18,109
        Gorman-Rupp       Co.
                                             480,627         18,024
     *
        Wesco    Aircraft    Holdings    Inc.
                                            1,634,361          18,011
     *
        DXP   Enterprises     Inc.
                                             448,764         17,865
     *
        Veeco   Instruments      Inc.
                                            1,213,236          17,816
     *
        Astronics     Corp.
                                             637,040         17,805
        Argan   Inc.
                                             430,345         17,274
        Hyster-Yale      Materials     Handling     Inc.
                                             288,192         16,992
     *
        Gates   Industrial     Corp.   plc
                                            1,234,376          16,985
     *
        Vectrus    Inc.
                                             328,846         16,857
                                385/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Heidrick    & Struggles     International      Inc.
                                             513,870         16,701
     *,^
        CryoPort    Inc.
                                            1,011,640          16,652
        Spartan    Motors    Inc.
                                             910,040         16,454
        Quanex    Building    Products    Corp.
                                             928,382         15,857
     *
        Ducommun      Inc.
                                             313,160         15,824
     *
        Cornerstone      Building    Brands    Inc.
                                            1,806,247          15,371
     *,^
        GreenSky     Inc.  Class   A
                                            1,693,914          15,076
     *
        Tutor   Perini   Corp.
                                            1,154,271          14,844
        Ennis   Inc.
                                             676,968         14,656
     *
        Echo   Global   Logistics     Inc.
                                             695,419         14,395
     *
        Heritage-Crystal        Clean   Inc.
                                             457,145         14,341
     *
        CAI  International      Inc.
                                             490,004         14,200
     *,^
        Repay   Holdings     Corp.
                                             958,843         14,047
        Myers   Industries     Inc.
                                             838,958         13,994
     *
        NV5   Global   Inc.
                                             276,198         13,934
        Resources     Connection      Inc.
                                             845,605         13,809
     *
        MYR   Group   Inc.
                                             415,211         13,532
     *
        Team   Inc.
                                             824,899         13,174
     *
        Cross   Country    Healthcare     Inc.
                                            1,090,176          12,668
        B. Riley   Financial     Inc.
                                             494,995         12,464
     *
        Kimball    Electronics     Inc.
                                             698,298         12,255
        Allied   Motion    Technologies       Inc.
                                             239,777         11,629
        Powell    Industries     Inc.
                                             234,582         11,492
        CRA   International      Inc.
                                             208,309         11,347
     *
        Bill.Com     Holdings    Inc.
                                             297,958         11,337
        Miller   Industries     Inc.
                                             303,546         11,271
     *
        Willdan    Group   Inc.
                                             351,669         11,176
        Insteel   Industries     Inc.
                                             507,056         10,897
        Hurco   Cos.  Inc.
                                             281,456         10,797
     *,^
        Energy    Recovery     Inc.
                                            1,102,027          10,789
     *
        Foundation      Building    Materials     Inc.
                                             542,185         10,491
        Omega    Flex  Inc.
                                             97,647         10,477
     *
        Sterling    Construction      Co.  Inc.
                                             741,365         10,438
     *
        UFP  Technologies       Inc.
                                             207,664         10,302
        NN  Inc.
                                            1,072,899           9,924
     *
        Franklin    Covey   Co.
                                             306,004          9,863
     *
        Napco   Security    Technologies       Inc.
                                             335,202          9,852
     *
        Northwest     Pipe  Co.
                                             295,473          9,842
     *
        Lydall   Inc.
                                             469,184          9,628
        NVE   Corp.
                                             134,044          9,571
        Park  Aerospace     Corp.
                                             582,510          9,477
     *
        Vishay    Precision     Group   Inc.
                                             271,246          9,222
     *
        Transcat    Inc.
                                             280,927          8,950
     *
        Blue  Bird  Corp.
                                             389,361          8,924
        REV   Group   Inc.
                                             711,086          8,697
     *
        Veritiv    Corp.
                                             434,094          8,539
     *
        Construction      Partners    Inc.  Class   A
                                             502,180          8,472
        VSE  Corp.
                                             222,668          8,470
     *
        I3 Verticals     Inc.  Class   A
                                             298,571          8,435
                                386/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Donnelley     Financial     Solutions     Inc.
                                             772,993          8,093
        Briggs   & Stratton    Corp.
                                            1,178,569           7,849
     *
        Commercial      Vehicle    Group   Inc.
                                            1,228,695           7,802
        Park-Ohio     Holdings    Corp.
                                             228,966          7,705
     *
        Landec    Corp.
                                             679,061          7,680
        RR  Donnelley     & Sons   Co.
                                            1,908,393           7,538
     *
        InnerWorkings       Inc.
                                            1,340,335           7,385
     *
        Mistras    Group   Inc.
                                             512,655          7,316
        Daktronics     Inc.
                                            1,196,773           7,288
     ^
        Advanced     Emissions     Solutions     Inc.
                                             692,063          7,267
     *
        Ranpak    Holdings    Corp.
                                             881,479          7,184
     *
        Lawson    Products    Inc.
                                             136,932          7,134
     *,^
        Eagle   Bulk   Shipping    Inc.
                                            1,549,972           7,130
     *
        Forterra    Inc.
                                             595,526          6,884
     *
        CECO   Environmental       Corp.
                                             897,446          6,874
                                387/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Iteris   Inc.
                                            1,352,725           6,750
        BG  Staffing    Inc.
                                             291,465          6,380
     *
        Luna   Innovations      Inc.
                                             873,060          6,365
     *
        Era  Group   Inc.
                                             612,810          6,232
     *
        LB  Foster   Co.  Class   A
                                             316,915          6,142
     *,^
        Paysign    Inc.
                                             602,949          6,120
     *
        Acacia   Research    Corp.
                                            2,283,057           6,073
     *
        ShotSpotter      Inc.
                                             236,445          6,029
        Graham    Corp.
                                             266,330          5,827
     *
        DHI  Group   Inc.
                                            1,906,626           5,739
     *
        Willis   Lease   Finance    Corp.
                                             97,208         5,727
     *
        Radiant    Logistics    Inc.
                                            1,027,749           5,725
        Global   Water   Resources     Inc.
                                             433,201          5,697
     *
        Select   Interior    Concepts     Inc.  Class   A
                                             632,053          5,682
     *
        GP  Strategies     Corp.
                                             419,902          5,555
     *
        IES  Holdings    Inc.
                                             212,930          5,464
     *
        Overseas     Shipholding      Group   Inc.  Class   A
                                            2,354,690           5,416
     *
        Universal     Technical     Institute    Inc.
                                             690,275          5,322
        Preformed     Line  Products    Co.
                                             87,151         5,260
        LSI  Industries     Inc.
                                             848,427          5,133
        Eastern    Co.
                                             166,029          5,069
     *,^
        Workhorse     Group   Inc.
                                            1,634,280           4,968
        NACCO    Industries     Inc.  Class   A
                                             106,061          4,967
     *
        Gencor    Industries     Inc.
                                             419,044          4,890
     *
        Covenant     Transportation       Group   Inc.  Class   A
                                             364,019          4,705
     *
        Concrete    Pumping    Holdings    Inc.
                                             857,449          4,690
     *
        Aspen   Aerogels    Inc.
                                             602,795          4,678
     *,^
        BlueLinx     Holdings    Inc.
                                             321,145          4,576
     *
        Intevac    Inc.
                                             637,977          4,504
        Bel  Fuse  Inc.  Class   B
                                             214,012          4,387
     *,2
        Perma-Pipe      International      Holdings    Inc.
                                             465,028          4,362
     *
        IntriCon    Corp.
                                             237,882          4,282
        United   States   Lime   & Minerals    Inc.
                                             47,177         4,260
     *
        OptimizeRx      Corp.
                                             412,615          4,238
     *
        Target   Hospitality     Corp.
                                             841,041          4,205
     *
        ServiceSource       International      Inc.
                                            2,510,464           4,192
     *
        PRGX   Global   Inc.
                                             837,093          4,118
     *
        Orion   Group   Holdings    Inc.
                                             781,265          4,055
     *
        Twin   Disc  Inc.
                                             358,205          3,947
     *
        CyberOptics      Corp.
                                             213,328          3,921
        Universal     Logistics    Holdings    Inc.
                                             205,109          3,889
     *
        Information      Services    Group   Inc.
                                            1,484,288           3,755
     *
        Daseke    Inc.
                                            1,166,261           3,685
     *
        General    Finance    Corp.
                                             329,977          3,653
     *
        Orion   Energy    Systems    Inc.
                                            1,024,668           3,433
     *
        Babcock    & Wilcox    Enterprises     Inc.
                                             918,791          3,344
     *
        PAM   Transportation       Services    Inc.
                                             56,554         3,264
     *
        StarTek    Inc.
                                             400,479          3,196
        Quad/Graphics       Inc.
                                             683,715          3,193
                                388/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Ultralife    Corp.
                                             430,397          3,181
     *
        Manitex    International      Inc.
                                             512,122          3,047
     *,^
        Turtle   Beach   Corp.
                                             315,828          2,985
     *
        CPI  Aerostructures       Inc.
                                             436,504          2,938
     *
        Goldfield     Corp.
                                             812,034          2,883
     *
        Hill  International      Inc.
                                             901,699          2,849
     *
        US  Xpress   Enterprises     Inc.  Class   A
                                             536,547          2,699
     *,^
        EVI  Industries     Inc.
                                             98,274         2,657
     *,^
        YRC   Worldwide      Inc.
                                            1,017,816           2,595
     *,^
        Asure   Software    Inc.
                                             316,621          2,590
     *
        Armstrong     Flooring    Inc.
                                             582,389          2,487
     *,^
        Research    Frontiers    Inc.
                                             808,942          2,435
     *,^
        ExOne   Co.
                                             324,278          2,419
     *
        Frequency     Electronics     Inc.
                                             192,502          1,965
     *
        Horizon    Global   Corp.
                                             556,734          1,943
                                389/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Perma-Fix     Environmental       Services
                                             211,854          1,928
     *
        Houston    Wire   & Cable   Co.
                                             433,061          1,910
     *
        Mayville    Engineering      Co.  Inc.
                                             188,878          1,772
     *,^
        MicroVision      Inc.
                                            2,382,933           1,716
     *
        IEC  Electronics     Corp.
                                             187,870          1,708
     *
        Vertex    Energy    Inc.
                                            1,091,322           1,681
        RF  Industries     Ltd.
                                             245,831          1,662
        Richardson      Electronics     Ltd.
                                             294,196          1,656
     *,^
        Wrap   Technologies       Inc.
                                             248,688          1,589
     *,^
        Coda   Octopus    Group   Inc.
                                             183,468          1,536
     *
        Sharps   Compliance      Corp.
                                             345,533          1,458
     *
        Patriot   Transportation       Holding    Inc.
                                             73,583         1,433
     *
        Volt  Information      Sciences    Inc.
                                             572,256          1,419
     *
        ARC   Document     Solutions     Inc.
                                             997,830          1,387
     *
        PFSweb    Inc.
                                             350,145          1,338
     *,^
        Energous     Corp.
                                             704,229          1,246
     *
        Nesco   Holdings    Inc.
                                             298,528          1,227
     *
        USA   Truck   Inc.
                                             139,872          1,042
     *,^
        Aqua   Metals   Inc.
                                            1,348,801           1,019
     *
        Alpha   Pro  Tech   Ltd.
                                             293,929          1,008
     *
        Issuer   Direct   Corp.
                                             81,722          955
     *
        DLH   Holdings    Corp.
                                             210,584           882
        Greif   Inc.  Class   B
                                             16,527          856
     *,^
        Hudson    Technologies       Inc.
                                             872,556           853
     *
        Innovative     Solutions     & Support    Inc.
                                             137,843           805
        Espey   Manufacturing       & Electronics     Corp.
                                             36,520          789
     *
        Perceptron     Inc.
                                             139,462           767
     *,^
        CUI  Global   Inc.
                                             688,520           757
        Hudson    Global   Inc.
                                             63,373          757
     *
        MTBC    Inc.
                                             177,257           720
     *
        Charah    Solutions     Inc.
                                             286,337           699
     *
        Air  T Inc.
                                             32,804          661
     *
        Broadwind     Energy    Inc.
                                             380,668           632
     *
        HireQuest     Inc.
                                             88,206          625
     *
        Huttig   Building    Products    Inc.
                                             400,145           616
     *,^
        Verb   Technology      Co.  Inc.
                                             383,334           594
     *
        FreightCar     America    Inc.
                                             276,496           572
     *
        LGL   Group   Inc.
                                             37,858          568
     *
        Limbach    Holdings    Inc.
                                             149,531           565
        Ecology    and  Environment      Inc.
                                             36,249          562
     *
        SIFCO    Industries     Inc.
                                             138,297           546
     *,^
        Odyssey    Marine    Exploration      Inc.
                                             167,947           536
     *,^
        Capstone     Turbine    Corp.
                                             164,075           502
     *
        Steel   Connect    Inc.
                                             322,523           471
        AMCON     Distributing      Co.
                                              6,102         439
     *
        Wireless    Telecom    Group   Inc.
                                             305,882           437
     *
        Ballantyne     Strong   Inc.
                                             124,748           404
     *,^
        Applied    DNA   Sciences    Inc.
                                             88,084          369
        Rush   Enterprises     Inc.  Class   B
                                              7,769         355
                                390/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Image   Sensing    Systems    Inc.
                                             79,211          355
     *
        eMagin    Corp.
                                             915,968           315
     *
        Tecogen    Inc.
                                             145,349           308
     *
        ALJ  Regional    Holdings    Inc.
                                             266,005           306
     *,^
        Boxlight    Corp.   Class   A
                                             268,979           299
        Chicago    Rivet   & Machine    Co.
                                             11,238          290
     *
        Lightbridge      Corp.
                                             59,325          267
     *
        Jewett-Cameron        Trading    Co.  Ltd.
                                             32,900          254
        Amcor   plc
                                             23,377          253
     *
        Usio  Inc.
                                             142,603           222
     *
        LightPath     Technologies       Inc.  Class   A
                                             292,810           212
     *
        Rubicon    Technology      Inc.
                                             25,149          209
     *
        Pioneer    Power   Solutions     Inc.
                                             90,658          206
     *
        Taylor   Devices    Inc.
                                             18,441          194
     *
        ClearSign     Combustion      Corp.
                                             240,083           183
                                391/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Fuel  Tech   Inc.
                                             189,010           176
     *
        ENGlobal     Corp.
                                             172,651           169
     *,^
        Digital   Ally  Inc.
                                             151,478           155
     *
        Air  Industries     Group
                                             52,742          121
     *
        Document     Security    Systems    Inc.
                                             263,284           79
     *
        Continental      Materials     Corp.
                                              9,241          73
     *
        Marathon     Patent   Group   Inc.
                                             72,661           64
     *
        Quest   Resource     Holding    Corp.
                                             25,955           57
     *
        Hoth   Therapeutics      Inc.
                                              8,642          53
        Servotronics      Inc.
                                              5,014          50
        Bel  Fuse  Inc.  Class   A
                                              2,976          48
     *
        Summit    Wireless    Technologies       Inc.
                                             67,677           41
     *
        Sypris   Solutions     Inc.
                                             35,375           28
     *
        AeroCentury      Corp.
                                              3,579          16
     *
        Polar   Power   Inc.
                                              5,108          12
     *
        Air  T Inc.  Warrants     Exp.  06/07/2020
                                             90,675           5
     *,§
        Patriot   National    Inc.
                                             129,819            3
     *
        Electro-Sensors        Inc.
                                               200          1
     *
        Dorian   LPG  Ltd.
                                                        -
                                               20
                                                   117,584,949
     Oil  & Gas  (4.0%)
        Exxon   Mobil   Corp.
                                           119,196,797          8,317,553
        Chevron    Corp.
                                           53,266,865         6,419,190
        ConocoPhillips
                                           30,924,238         2,011,003
        Schlumberger       Ltd.
                                           38,993,015         1,567,519
        Phillips    66
                                           12,514,996         1,394,296
        EOG   Resources     Inc.
                                           16,375,183         1,371,585
        Kinder   Morgan    Inc.
                                           54,188,472         1,147,170
        Marathon     Petroleum     Corp.
                                           18,302,057         1,102,699
        Valero    Energy    Corp.
                                           11,574,788         1,083,979
        Occidental     Petroleum     Corp.
                                           25,183,612         1,037,817
        ONEOK    Inc.
                                           11,628,292          879,913
        Williams     Cos.  Inc.
                                           34,141,403          809,834
        Pioneer    Natural    Resources     Co.
                                            4,673,247         707,389
        Halliburton      Co.
                                           23,485,795          574,697
        Hess   Corp.
                                            7,712,456         515,269
        Concho    Resources     Inc.
                                            5,665,510         496,129
        Baker   Hughes    a GE  Co.  Class   A
                                           18,307,207          469,214
        Diamondback       Energy    Inc.
                                            4,528,562         420,522
     *
        Cheniere    Energy    Inc.
                                            6,464,517         394,788
        Noble   Energy    Inc.
                                           13,471,568          334,634
        Marathon     Oil  Corp.
                                           22,495,157          305,484
        National    Oilwell    Varco   Inc.
                                           10,906,698          273,213
        Apache    Corp.
                                           10,605,355          271,391
        Devon   Energy    Corp.
                                           10,302,264          267,550
        Targa   Resources     Corp.
                                            6,551,333         267,491
        HollyFrontier       Corp.
                                            4,097,535         207,786
        Cabot   Oil  & Gas  Corp.
                                           11,508,217          200,358
     *
        WPX   Energy    Inc.
                                           11,729,350          161,161
                                392/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Cimarex    Energy    Co.
                                            2,868,393         150,562
        Parsley    Energy    Inc.  Class   A
                                            7,534,988         142,487
        Helmerich     & Payne   Inc.
                                            2,887,757         131,191
     *
        First  Solar   Inc.
                                            2,083,040         116,567
        Murphy    Oil  Corp.
                                            4,219,857         113,092
     *
        Transocean      Ltd.
                                           16,376,614          112,671
        PBF  Energy    Inc.  Class   A
                                            2,866,367          89,918
        EQT   Corp.
                                            7,208,083          78,568
        Equitrans     Midstream     Corp.
                                            5,776,873          77,179
     *
        Apergy    Corp.
                                            2,206,910          74,549
        Continental      Resources     Inc.
                                            2,124,498          72,870
        Delek   US  Holdings    Inc.
                                            2,091,128          70,116
     *
        Chart   Industries     Inc.
                                            1,012,794          68,354
     *,^
        Enphase    Energy    Inc.
                                            2,419,116          63,212
        Arcosa    Inc.
                                            1,370,728          61,066
                                393/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     ^
        Antero   Midstream     Corp.
                                            7,787,074          59,104
     *
        Matador    Resources     Co.
                                            3,148,940          56,586
        Patterson-UTI       Energy    Inc.
                                            5,277,085          55,409
     *
        Callon   Petroleum     Co.
                                           10,996,753           53,114
     *
        Dril-Quip     Inc.
                                            1,026,848          48,169
        Core   Laboratories      NV
                                            1,258,385          47,403
        Cactus   Inc.  Class   A
                                            1,340,036          45,990
     *
        PDC   Energy    Inc.
                                            1,747,549          45,733
     *,^
        Chesapeake      Energy    Corp.
                                           55,025,332           45,429
        Archrock     Inc.
                                            4,268,890          42,860
     *
        Oceaneering      International      Inc.
                                            2,818,943          42,030
     *
        Magnolia     Oil  & Gas  Corp.   Class   A
                                            3,251,616          40,905
     *
        Helix   Energy    Solutions     Group   Inc.
                                            4,039,251          38,898
     *
        Southwestern       Energy    Co.
                                           15,347,255           37,140
     *,^
        Valaris    plc  Class   A
                                            5,539,692          36,340
        SM  Energy    Co.
                                            3,165,498          35,580
     *
        NOW   Inc.
                                            3,112,337          34,983
        CVR   Energy    Inc.
                                             853,356         34,501
     *
        CNX   Resources     Corp.
                                            3,680,669          32,574
     *
        MRC   Global   Inc.
                                            2,272,136          30,992
        QEP  Resources     Inc.
                                            6,731,320          30,291
        NexTier    Oilfield    Solutions     Inc.
                                            4,462,507          29,899
     ^
        Range   Resources     Corp.
                                            6,106,465          29,616
     *
        SRC  Energy    Inc.
                                            6,901,198          28,433
     *
        Renewable     Energy    Group   Inc.
                                            1,054,732          28,425
        Nabors    Industries     Ltd.
                                            9,677,647          27,872
     *
        Centennial     Resource     Development       Inc.  Class   A
                                            5,853,635          27,044
     *
        ProPetro    Holding    Corp.
                                            2,401,449          27,016
     *
        Oasis   Petroleum     Inc.
                                            8,224,751          26,813
     *,^
        Plug  Power   Inc.
                                            8,459,177          26,731
     *
        Oil  States   International      Inc.
                                            1,562,829          25,490
     *
        Par  Pacific    Holdings    Inc.
                                            1,086,791          25,257
     *
        Antero   Resources     Corp.
                                            7,426,844          21,167
     *,^
        Tellurian     Inc.
                                            2,764,646          20,127
     *
        Northern    Oil  and  Gas  Inc.
                                            8,063,300          18,868
     *,^
        Whiting    Petroleum     Corp.
                                            2,516,380          18,470
     *
        Denbury    Resources     Inc.
                                           12,999,073           18,329
     *
        Tidewater     Inc.
                                             941,697         18,156
     *
        SunPower     Corp.   Class   A
                                            2,311,973          18,033
        Liberty    Oilfield    Services    Inc.  Class   A
                                            1,615,114          17,960
     ^
        DMC   Global   Inc.
                                             395,641         17,780
        Brigham    Minerals    Inc.
                                             770,431         16,518
        Berry   Petroleum     Corp.
                                            1,724,247          16,260
     *
        Talos   Energy    Inc.
                                             534,530         16,116
     *
        Matrix   Service    Co.
                                             691,752         15,827
     *
        TPI  Composites      Inc.
                                             853,153         15,792
        Green   Plains   Inc.
                                            1,020,562          15,747
     *,^
        FuelCell    Energy    Inc.
                                            6,198,287          15,558
     *,^
        Jagged   Peak   Energy    Inc.
                                            1,823,880          15,485
                                394/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Select   Energy    Services    Inc.  Class   A
                                            1,636,129          15,183
     *
        Newpark     Resources     Inc.
                                            2,408,585          15,102
     *
        Laredo    Petroleum     Inc.
                                            5,058,250          14,517
     *
        W&T   Offshore    Inc.
                                            2,527,654          14,054
     *
        Penn   Virginia    Corp.
                                             439,491         13,339
     *
        REX   American     Resources     Corp.
                                             162,073         13,284
     *,^
        Diamond     Offshore    Drilling    Inc.
                                            1,757,345          12,635
     *
        Bonanza    Creek   Energy    Inc.
                                             519,376         12,122
        Solaris   Oilfield    Infrastructure       Inc.  Class   A
                                             859,497         12,033
     *
        Gulfport    Energy    Corp.
                                            3,931,369          11,951
     *,^
        California     Resources     Corp.
                                            1,309,658          11,826
     ^
        RPC  Inc.
                                            1,678,674           8,796
     *
        Noble   Corp.   plc
                                            7,133,017           8,702
     *
        Trecora    Resources
                                            1,213,626           8,677
     *
        Ameresco     Inc.  Class   A
                                             472,745          8,273
                                395/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        SEACOR     Marine    Holdings    Inc.
                                             530,041          7,309
     *
        Exterran    Corp.
                                             905,914          7,093
     *
        TETRA    Technologies       Inc.
                                            3,415,280           6,694
        Falcon   Minerals    Corp.
                                             918,900          6,487
     *
        Parker   Drilling    Co.
                                             279,913          6,298
     *
        Contango     Oil  & Gas  Co.
                                            1,698,422           6,233
     *
        Geospace     Technologies       Corp.
                                             370,223          6,209
     *,^
        Altus   Midstream     Co.  Class   A
                                            2,047,083           5,855
     *
        HighPoint     Resources     Corp.
                                            3,029,949           5,121
        Amplify    Energy    Corp.
                                             772,672          5,107
     *
        American     Superconductor        Corp.
                                             611,757          4,802
     *
        Natural    Gas  Services    Group   Inc.
                                             365,316          4,479
     *,^
        Extraction     Oil  & Gas  Inc.
                                            2,112,129           4,478
     *
        SandRidge     Energy    Inc.
                                             959,542          4,068
        Panhandle     Oil  and  Gas  Inc.  Class   A
                                             352,515          3,952
     *
        Montage    Resources     Corp.
                                             492,406          3,910
     *
        KLX   Energy    Services    Holdings    Inc.
                                             588,372          3,789
     *
        Flotek   Industries     Inc.
                                            1,892,315           3,785
        Evolution     Petroleum     Corp.
                                             633,497          3,465
     *
        Forum   Energy    Technologies       Inc.
                                            2,020,961           3,395
     *,^
        McDermott      International      Inc.
                                            4,871,030           3,296
     *
        PrimeEnergy      Resources     Corp.
                                             21,616         3,270
     *,^
        Ring   Energy    Inc.
                                            1,214,955           3,208
     *
        VAALCO     Energy    Inc.
                                            1,411,904           3,134
     *
        Gulf  Island   Fabrication      Inc.
                                             540,255          2,739
     *
        ION  Geophysical      Corp.
                                             314,750          2,732
     *
        Goodrich     Petroleum     Corp.
                                             265,810          2,669
        Adams    Resources     & Energy    Inc.
                                             61,593         2,345
     *
        Earthstone     Energy    Inc.  Class   A
                                             361,929          2,291
     *
        Nine   Energy    Service    Inc.
                                             289,270          2,262
     *
        National    Energy    Services    Reunited    Corp.
                                             224,364          2,046
     *,^
        Covia   Holdings    Corp.
                                             944,310          1,926
     *
        SilverBow     Resources     Inc.
                                             191,149          1,892
     *
        Chaparral     Energy    Inc.  Class   A
                                            1,059,360           1,865
     *
        Abraxas    Petroleum     Corp.
                                            4,759,228           1,671
     *
        US  Well   Services    Inc.
                                             739,453          1,398
     *,^
        Smart   Sand   Inc.
                                             511,406          1,289
     *
        Lonestar    Resources     US  Inc.  Class   A
                                             458,790          1,197
     *
        Dawson    Geophysical      Co.
                                             476,758          1,144
     *
        Ranger    Energy    Services    Inc.
                                             167,815          1,081
     *
        Independence       Contract    Drilling    Inc.
                                            1,051,282           1,048
     *,^
        Torchlight     Energy    Resources     Inc.
                                            1,284,189           976
     *
        Mitcham    Industries     Inc.
                                             333,773           958
     *
        FTS  International      Inc.
                                             869,610           904
     *
        Unit  Corp.
                                            1,280,836           891
     *,^
        Pacific    Ethanol    Inc.
                                             980,570           637
     *
        Quintana    Energy    Services    Inc.
                                             221,242           622
     *,^
        Infrastructure       and  Energy    Alternatives      Inc.
                                             187,458           604
     *
        Gevo   Inc.
                                             192,158           444
                                396/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Epsilon    Energy    Ltd.
                                             133,469           440
        Mammoth     Energy    Services    Inc.
                                             194,314           428
     *
        NCS   Multistage     Holdings    Inc.
                                             178,351           375
     *,^
        Taronis    Technologies       Inc.
                                             351,640           319
     *,^
        Lilis  Energy    Inc.
                                             690,800           263
     *,^
        American     Resources     Corp.   Class   A
                                             296,782           187
     *,^
        Talos   Energy    Inc.  Warrants     Exp.  02/28/2021
                                             116,107           187
     *
        Superior    Drilling    Products    Inc.
                                             187,537           154
     *,^
        Zion  Oil  & Gas  Inc.
                                             831,368           144
     *
        Rosehill    Resources     Inc.  Class   A
                                             103,433           132
     *,^,§
        Taronis    Fuels   Inc.
                                            1,758,200           130
        TechnipFMC       plc
                                              5,981         128
     *,^
        Enservco     Corp.
                                             529,212           99
     *
        Aemetis    Inc.
                                             104,265           87
     *,^
        PEDEVCO      Corp.
                                             42,749           71
                                397/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Alta  Mesa   Resources     Inc.  Class   A
                                            2,645,853            41
     §
        SemGroup     Corp.   Class   A
                                              2,560          39
     *,^
        Hornbeck     Offshore    Services    Inc.
                                             334,485           35
     *
        Tidewater     Inc.  Class   A
                                              8,839          14
     *
        Tidewater     Inc.  Class   B
                                              9,555          11
     *
        Pioneer    Energy    Services    Corp.
                                             320,008           10
     *,^
        Houston    American     Energy    Corp.
                                             38,447           6
        Energy    Transfer    Equity   LP
                                               345          4
     *,^
        Bonanza    Creek   Energy    Inc.  Warrants     Exp.  04/28/2020
                                             33,839           1
     *,§
        Jones   Energy    Inc.  Class   A
                                               782          -
     *,^,§
        Harvest    Natural    Resources     Inc.
                                             51,829           -
     *,§
        Rex  Energy    Corp.
                                                        -
                                               302
                                                    36,261,723
     Other   (0.0%)3
     *,§
        Alder   BioPharmaceuticals         CVR   Exp.  12/31/2024
                                            2,021,007           1,779
     *,^,§
        Tobira   Therapeutics      CVR   Exp.  12/31/2028
                                             201,001           911
     *,§
        A Schulman     Inc.  CVR
                                             659,182           285
     *,§
        New  York   REIT   Liquidating      LLC
                                             19,100          248
     *,^,§
        Ocera   Therapeutics      CVR   Line
                                             653,477           176
     *,§
        Corium    CVR
                                             782,067           141
     *,§
        NewStar    Financial     Inc.  CVR
                                             551,185           133
     *,§
        Ambit   Biosciences      Corp.   CVR
                                             201,330           121
     *,§
        Media   General    Inc.  CVR
                                            2,351,934            91
     *
        Kadmon    Warrants     Exp.  09/29/2022
                                             169,257           80
     *,§
        Omthera    Pharmaceuticals        Inc.  CVR
                                             121,311           73
     *,§
        OncoMed     Pharmaceuticals        Inc.  CVR
                                             255,777           70
     *,§
        Social   Reality    Inc.  Rights
                                             148,260           27
     *,§
        Aratana    Therapeutics      Inc.  CVR
                                             575,457           15
     *,§
        Alexza    Pharmaceuticals        Inc.  CVR
                                             327,391           11
     *,§
        Seventy    Seven   Energy    Inc.  Escrow    Line
                                              7,222           1
     *,§
        OncoMed     Pharmaceuticals        Inc.  CVR   (XNGS)
                                             40,724           -
     *,§
        Clinical    Data  CVR
                                             216,285            -
     *,^,§
        Biosante    Pharmaceutical       Inc.  CVR
                                             253,823            -
     *,§
        TheStreet     CVR
                                             118,721            -
     *,§
        NuPathe    Inc.  CVR
                                             158,681            -
     *
        Advaxis    Inc.  Warrants     Exp.  09/11/2024
                                                        -
                                             157,660
                                                      4,162
     Technology      (21.8%)
        Microsoft     Corp.
                                           214,894,399         33,888,847
        Apple   Inc.
                                           112,647,486         33,078,934
     *
        Facebook     Inc.  Class   A
                                           67,790,793         13,914,060
     *
        Alphabet    Inc.  Class   A
                                            8,433,695        11,296,007
     *
        Alphabet    Inc.  Class    C 
                                            8,233,074        11,007,785
        Intel  Corp.
                                           122,533,964          7,333,658
        Cisco   Systems    Inc.
                                           119,505,808          5,731,499
     *
        Adobe   Inc.
                                           13,636,027         4,497,298
        NVIDIA    Corp.
                                           16,376,180         3,853,315
     *
        salesforce.com       Inc.
                                           23,468,715         3,816,952
        Texas   Instruments      Inc.
                                           26,327,998         3,377,619
                                398/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Broadcom     Inc.
                                           10,616,046         3,354,883
        International      Business    Machines     Corp.
                                           24,946,286         3,343,800
        Oracle   Corp.
                                           60,104,577         3,184,340
        QUALCOMM       Inc.
                                           32,166,321         2,838,035
        Intuit   Inc.
                                            6,963,214         1,823,875
     *
        Micron    Technology      Inc.
                                           31,184,716         1,677,114
        Applied    Materials     Inc.
                                           26,017,483         1,588,107
     *
        ServiceNow      Inc.
                                            5,313,797         1,500,191
     *
        Advanced     Micro   Devices    Inc.
                                           31,372,301         1,438,734
        Analog    Devices    Inc.
                                           10,376,442         1,233,136
        L3Harris    Technologies       Inc.
                                            6,231,979         1,233,122
        Lam  Research    Corp.
                                            4,084,022         1,194,168
     *
        Autodesk     Inc.
                                            6,181,929         1,134,137
        Cognizant     Technology      Solutions     Corp.   Class   A
                                           15,434,809          957,267
                                399/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        HP  Inc.
                                           41,752,652          858,017
        KLA   Corp.
                                            4,448,375         792,567
        Motorola     Solutions     Inc.
                                            4,826,137         777,684
     *
        Workday     Inc.  Class   A
                                            4,620,392         759,823
        Microchip     Technology      Inc.
                                            6,724,114         704,149
        Xilinx   Inc.
                                            7,087,249         692,920
     *
        Twitter    Inc.
                                           20,777,810          665,929
     *
        Splunk    Inc.
                                            4,338,081         649,714
        Corning    Inc.
                                           21,677,884          631,043
        Cerner   Corp.
                                            8,415,910         617,644
     *
        ANSYS    Inc.
                                            2,369,763         610,001
     *
        Palo  Alto  Networks     Inc.
                                            2,620,834         606,068
     *
        Synopsys     Inc.
                                            4,231,878         589,077
        Skyworks     Solutions     Inc.
                                            4,800,558         580,291
        Hewlett    Packard    Enterprise     Co.
                                           36,472,723          578,457
        CDW   Corp.
                                            4,049,435         578,421
     *
        VeriSign     Inc.
                                            2,980,427         574,269
     *
        IAC/InterActiveCorp
                                            2,219,354         552,863
     *
        Cadence    Design    Systems    Inc.
                                            7,898,620         547,848
     *
        Veeva   Systems    Inc.  Class   A
                                            3,705,590         521,228
        Western    Digital   Corp.
                                            7,961,077         505,290
        Marvell    Technology      Group   Ltd.
                                           18,769,533          498,519
        Maxim    Integrated     Products    Inc.
                                            7,629,263         469,276
     *
        Snap   Inc.
                                           27,260,325          445,161
     *
        Fortinet    Inc.
                                            4,084,922         436,106
        NortonLifeLock        Inc.
                                           15,801,617          403,257
        NetApp    Inc.
                                            6,429,374         400,229
        Leidos   Holdings    Inc.
                                            3,994,378         391,010
        Citrix   Systems    Inc.
                                            3,482,724         386,234
     *
        Qorvo   Inc.
                                            3,272,490         380,362
        Seagate    Technology      plc
                                            6,285,103         373,964
     *
        Akamai    Technologies       Inc.
                                            4,328,371         373,885
        SS&C   Technologies       Holdings    Inc.
                                            6,055,730         371,822
     *
        Gartner    Inc.
                                            2,396,952         369,370
     *
        Paycom    Software    Inc.
                                            1,393,352         368,904
     *
        RingCentral      Inc.  Class   A
                                            2,107,552         355,481
     *
        Okta   Inc.
                                            3,004,361         346,613
     *
        Twilio   Inc.  Class   A
                                            3,508,592         344,824
     *
        Tyler   Technologies       Inc.
                                            1,096,184         328,877
     *
        VMware    Inc.  Class   A
                                            2,155,239         327,144
     *
        GoDaddy     Inc.  Class   A
                                            4,816,397         327,130
        Teradyne     Inc.
                                            4,719,871         321,848
     *
        EPAM    Systems    Inc.
                                            1,472,320         312,367
     *
        Arista   Networks     Inc.
                                            1,509,069         306,945
     *
        Dell  Technologies       Inc.
                                            5,858,398         301,063
     *
        DocuSign     Inc.  Class   A
                                            3,966,166         293,933
     *
        ON  Semiconductor       Corp.
                                           11,560,134          281,836
        DXC   Technology      Co.
                                            7,228,256         271,710
     *
        Coupa   Software    Inc.
                                            1,770,349         258,914
                                400/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Black   Knight   Inc.
                                            3,991,959         257,402
     *
        Guidewire     Software    Inc.
                                            2,323,534         255,054
        Cypress    Semiconductor       Corp.
                                           10,391,866          242,442
     *
        Zendesk    Inc.
                                            3,159,692         242,127
     *
        F5  Networks     Inc.
                                            1,707,295         238,424
     *
        Aspen   Technology      Inc.
                                            1,928,191         233,176
        Juniper    Networks     Inc.
                                            9,464,161         233,102
     *
        PTC  Inc.
                                            2,917,031         218,456
        Monolithic     Power   Systems    Inc.
                                            1,158,269         206,195
     *
        Ceridian    HCM   Holding    Inc.
                                            2,832,065         192,241
        Entegris    Inc.
                                            3,808,304         190,758
        CDK   Global   Inc.
                                            3,413,867         186,670
     *
        Ciena   Corp.
                                            4,348,961         185,657
     *
        Proofpoint     Inc.
                                            1,592,627         182,802
     *
        HubSpot    Inc.
                                            1,147,698         181,910
                                401/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        CACI   International      Inc.  Class   A
                                             700,370         175,085
     *
        MongoDB     Inc.
                                            1,327,893         174,764
        MKS   Instruments      Inc.
                                            1,534,448         168,805
     *
        Lumentum     Holdings    Inc.
                                            2,066,523         163,875
     *
        Pinterest    Inc.  Class   A
                                            8,649,940         161,235
     *
        Nutanix    Inc.
                                            4,900,122         153,178
     *,^
        Slack   Technologies       Inc.  Class   A
                                            6,610,884         148,613
        SYNNEX     Corp.
                                            1,147,639         147,816
     *
        Anaplan    Inc.
                                            2,789,253         146,157
     *
        Tech   Data  Corp.
                                             998,007         143,314
     *
        Manhattan     Associates     Inc.
                                            1,796,617         143,280
     *
        Silicon    Laboratories      Inc.
                                            1,231,826         142,867
     *
        Nuance    Communications        Inc.
                                            7,992,585         142,508
        Science    Applications      International      Corp.
                                            1,632,102         142,026
     *
        Cree  Inc.
                                            3,016,639         139,218
     *
        Avalara    Inc.
                                            1,844,550         135,113
     *
        Cirrus   Logic   Inc.
                                            1,629,015         134,247
     *
        Alteryx    Inc.  Class   A
                                            1,314,396         131,532
     *
        NCR   Corp.
                                            3,603,648         126,704
     *
        Smartsheet     Inc.  Class   A
                                            2,795,586         125,578
        j2 Global   Inc.
                                            1,299,461         121,772
     *,^
        Match   Group   Inc.
                                            1,482,112         121,696
     *
        RealPage     Inc.
                                            2,256,965         121,312
     *
        ViaSat   Inc.
                                            1,625,611         118,987
        Cabot   Microelectronics        Corp.
                                             819,510         118,272
        LogMeIn     Inc.
                                            1,379,113         118,245
     *
        ACI  Worldwide      Inc.
                                            3,096,747         117,320
        Blackbaud     Inc.
                                            1,396,846         111,189
     *
        Pure  Storage    Inc.  Class   A
                                            6,404,513         109,581
     *
        Five9   Inc.
                                            1,648,945         108,138
     *
        Dropbox    Inc.  Class   A
                                            5,999,164         107,445
     *
        Verint   Systems    Inc.
                                            1,892,425         104,765
        Perspecta     Inc.
                                            3,887,005         102,772
     *
        Semtech    Corp.
                                            1,889,129          99,935
     *
        Q2  Holdings    Inc.
                                            1,226,275          99,426
     *
        New  Relic   Inc.
                                            1,501,016          98,632
     *
        Envestnet     Inc.
                                            1,392,598          96,967
     *
        Viavi   Solutions     Inc.
                                            6,434,687          96,520
     *
        Inphi   Corp.
                                            1,287,132          95,274
     *
        Cornerstone      OnDemand      Inc.
                                            1,623,420          95,051
     *
        FireEye    Inc.
                                            5,727,849          94,681
        Pegasystems      Inc.
                                            1,115,155          88,822
     *
        Zscaler    Inc.
                                            1,806,498          84,002
     *
        Teradata    Corp.
                                            3,137,762          83,998
        Brooks    Automation      Inc.
                                            1,941,539          81,467
        Cogent    Communications        Holdings    Inc.
                                            1,200,715          79,019
        Power   Integrations      Inc.
                                             792,936         78,429
     *
        Qualys    Inc.
                                             938,007         78,202
     *
        Advanced     Energy    Industries     Inc.
                                            1,084,524          77,218
                                402/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        CommScope      Holding    Co.  Inc.
                                            5,435,223          77,126
     *
        Everbridge     Inc.
                                             938,837         73,304
     *
        Elastic   NV
                                            1,121,526          72,114
     *
        Lattice   Semiconductor       Corp.
                                            3,728,241          71,359
     *
        Rapid7    Inc.
                                            1,267,840          71,024
     *
        Premier    Inc.  Class   A
                                            1,870,353          70,849
     *
        Acacia   Communications        Inc.
                                            1,033,000          70,048
     *
        Insight   Enterprises     Inc.
                                             988,827         69,505
     *
        Box  Inc.
                                            3,916,557          65,720
     *
        Diodes    Inc.
                                            1,156,012          65,164
     *
        Bottomline     Technologies       de Inc.
                                            1,214,398          65,092
     *
        Blackline     Inc.
                                            1,260,077          64,970
     *
        PROS   Holdings    Inc.
                                            1,074,488          64,383
     *
        Varonis    Systems    Inc.
                                             822,755         63,936
     *
        LivePerson      Inc.
                                            1,648,173          60,982
                                403/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Cloudera    Inc.
                                            5,163,048          60,046
     *
        Synaptics     Inc.
                                             894,194         58,811
     *
        EchoStar    Corp.   Class   A
                                            1,333,656          57,761
     *
        SailPoint    Technologies       Holding    Inc.
                                            2,381,898          56,213
     *
        FormFactor      Inc.
                                            2,127,216          55,244
     *
        SPS  Commerce     Inc.
                                             981,314         54,384
     *
        SVMK    Inc.
                                            2,987,282          53,383
        Progress    Software    Corp.
                                            1,281,359          53,240
     *
        CommVault      Systems    Inc.
                                            1,182,407          52,783
     *
        Appfolio    Inc.
                                             462,865         50,892
     *
        Dynatrace     Inc.
                                            1,974,719          49,960
        CSG   Systems    International      Inc.
                                             941,178         48,734
     *
        NetScout     Systems    Inc.
                                            2,012,934          48,451
        InterDigital      Inc.
                                             884,235         48,182
     *
        Instructure     Inc.
                                             939,078         45,273
     *
        Allscripts     Healthcare     Solutions     Inc.
                                            4,578,041          44,933
     *
        Alarm.com     Holdings    Inc.
                                            1,023,938          43,999
     *
        Rambus    Inc.
                                            3,152,798          43,430
     *
        Avaya   Holdings    Corp.
                                            3,123,495          42,167
     *
        Onto   Innovation     Inc.
                                            1,140,381          41,670
        NIC  Inc.
                                            1,834,163          40,994
     *
        Perficient     Inc.
                                             888,442         40,931
     *
        Infinera    Corp.
                                            5,138,765          40,802
     *
        MaxLinear     Inc.
                                            1,821,968          38,662
     *
        Altair   Engineering      Inc.  Class   A
                                            1,047,473          37,615
     *
        Workiva    Inc.  Class   A
                                             891,599         37,492
     *
        Blucora    Inc.
                                            1,407,967          36,804
     *,^
        Appian    Corp.   Class   A
                                             937,159         35,809
     *
        Covetrus    Inc.
                                            2,692,646          35,543
     ^
        Ubiquiti    Inc.
                                             183,513         34,680
     *,^
        Yext   Inc.
                                            2,362,936          34,074
     *
        ForeScout     Technologies       Inc.
                                            1,037,318          34,024
     *
        Virtusa    Corp.
                                             738,059         33,456
     *
        Eventbrite     Inc.  Class   A
                                            1,628,475          32,846
     *
        MicroStrategy       Inc.  Class   A
                                             228,635         32,610
     *
        Bandwidth     Inc.  Class   A
                                             507,298         32,492
     *
        ePlus   Inc.
                                             374,139         31,536
     *
        Zuora   Inc.  Class   A
                                            2,167,428          31,059
     *,^
        Datadog    Inc.  Class   A
                                             778,274         29,403
        TiVo   Corp.
                                            3,431,674          29,101
     *
        Crowdstrike      Holdings    Inc.  Class   A
                                             579,156         28,883
     *
        Model   N Inc.
                                             821,116         28,797
     *
        Photronics     Inc.
                                            1,820,840          28,696
     *,^
        3D  Systems    Corp.
                                            3,198,222          27,984
        Switch   Inc.
                                            1,878,163          27,834
     *,^
        Tabula    Rasa   HealthCare      Inc.
                                             567,146         27,609
        Plantronics     Inc.
                                             982,313         26,856
     *
        Tenable    Holdings    Inc.
                                            1,112,471          26,655
     *
        ScanSource      Inc.
                                             718,116         26,534
                                404/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Xperi   Corp.
                                            1,399,663          25,894
     *
        Extreme    Networks     Inc.
                                            3,475,631          25,615
     *
        Cision   Ltd.
                                            2,512,222          25,047
     *
        SolarWinds      Corp.
                                            1,345,207          24,954
     *
        Ultra   Clean   Holdings    Inc.
                                            1,045,527          24,539
     *
        Shutterstock      Inc.
                                             560,041         24,015
     *
        NextGen    Healthcare     Inc.
                                            1,437,853          23,106
        Comtech    Telecommunications          Corp.
                                             650,185         23,075
     *
        Amkor    Technology      Inc.
                                            1,757,933          22,853
     *
        Cerence    Inc.
                                            1,001,844          22,672
        Cohu   Inc.
                                             990,241         22,627
     *
        Diebold    Nixdorf    Inc.
                                            2,139,493          22,593
        Ebix  Inc.
                                             642,381         21,462
     *
        Ichor   Holdings    Ltd.
                                             638,839         21,254
     *
        Unisys   Corp.
                                            1,783,513          21,152
                                405/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        NETGEAR      Inc.
                                             842,554         20,651
     *,^
        Pagerduty     Inc.
                                             870,131         20,352
     *
        Upland    Software    Inc.
                                             565,075         20,179
        Pitney   Bowes   Inc.
                                            4,822,345          19,434
     *
        Cloudflare     Inc.  Class   A
                                            1,131,294          19,300
     *
        Axcelis    Technologies       Inc.
                                             790,987         19,059
     *
        Harmonic     Inc.
                                            2,359,510          18,404
     *
        Vocera    Communications        Inc.
                                             866,427         17,987
     *
        CEVA    Inc.
                                             618,426         16,673
     *,^
        Livongo    Health   Inc.
                                             663,641         16,631
     *,^
        Tucows    Inc.  Class   A
                                             261,160         16,134
        QAD   Inc.  Class   A
                                             315,230         16,055
     *,^
        Medallia    Inc.
                                             512,374         15,940
     *
        OneSpan    Inc.
                                             902,387         15,449
     *
        Benefitfocus      Inc.
                                             695,903         15,268
     *
        nLight   Inc.
                                             752,323         15,257
     *
        Agilysys    Inc.
                                             579,262         14,719
        PC  Connection      Inc.
                                             294,070         14,604
     *
        Domo   Inc.
                                             660,931         14,355
     *
        Digi  International      Inc.
                                             783,237         13,879
     *
        PDF  Solutions     Inc.
                                             819,979         13,849
        ADTRAN     Inc.
                                            1,380,223          13,650
     *
        Fastly   Inc.  Class   A
                                             675,045         13,548
     *
        Boingo    Wireless    Inc.
                                            1,210,732          13,258
     *
        Limelight     Networks     Inc.
                                            3,213,089          13,109
     *
        Forrester    Research    Inc.
                                             306,093         12,764
     *
        Loral   Space   & Communications        Inc.
                                             394,427         12,748
     *
        NeoPhotonics       Corp.
                                            1,404,730          12,390
     *
        MobileIron      Inc.
                                            2,542,677          12,357
     *
        Rosetta    Stone   Inc.
                                             671,325         12,178
     *
        Phreesia    Inc.
                                             454,438         12,106
        American     Software    Inc.  Class   A
                                             762,683         11,349
     *
        Ping  Identity    Holding    Corp.
                                             451,270         10,966
     *,^
        Impinj   Inc.
                                             423,507         10,952
     *
        ChannelAdvisor        Corp.
                                            1,203,831          10,883
     *
        DSP  Group   Inc.
                                             690,737         10,872
     *
        Calix   Inc.
                                            1,350,651          10,805
     *
        Mitek   Systems    Inc.
                                            1,407,469          10,767
     *
        Immersion     Corp.
                                            1,423,999          10,580
     *,^
        Gogo   Inc.
                                            1,634,682          10,462
        Simulations      Plus  Inc.
                                             356,987         10,378
     *,^
        Digimarc     Corp.
                                             308,724         10,361
     *
        Zix  Corp.
                                            1,516,117          10,279
        Systemax     Inc.
                                             402,152         10,118
        Hackett    Group   Inc.
                                             619,693         10,002
        Computer     Programs     & Systems    Inc.
                                             377,475          9,965
     *
        WideOpenWest        Inc.
                                            1,324,192           9,826
     *,^
        Inseego    Corp.
                                            1,328,518           9,738
     *
        Telaria    Inc.
                                            1,089,812           9,601
                                406/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Endurance     International      Group   Holdings    Inc.
                                            1,961,956           9,221
     *
        Brightcove     Inc.
                                            1,024,210           8,900
     *
        CalAmp    Corp.
                                             921,267          8,826
     *
        A10  Networks     Inc.
                                            1,270,818           8,731
     *,^
        PAR   Technology      Corp.
                                             281,971          8,668
     *
        Meet   Group   Inc.
                                            1,713,929           8,587
     *,^
        Health   Catalyst    Inc.
                                             238,187          8,265
     *
        eGain   Corp.
                                            1,006,987           7,975
     *
        Sciplay    Corp.   Class   A
                                             614,419          7,551
     *
        Ooma   Inc.
                                             560,175          7,411
     *
        Alpha   & Omega    Semiconductor       Ltd.
                                             506,384          6,897
     *,^
        VirnetX    Holding    Corp.
                                            1,760,709           6,691
     *
        Synchronoss      Technologies       Inc.
                                            1,386,822           6,587
     *,^
        Applied    Optoelectronics        Inc.
                                             543,768          6,460
     *
        Adesto    Technologies       Corp.
                                             758,115          6,444
                                407/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Telenav    Inc.
                                            1,241,422           6,033
     *
        Smith   Micro   Software    Inc.
                                            1,496,075           5,954
     *
        ACM   Research    Inc.  Class   A
                                             312,880          5,773
     *
        KVH   Industries     Inc.
                                             497,940          5,542
     *
        AXT   Inc.
                                            1,240,497           5,396
        PC-Tel    Inc.
                                             630,730          5,342
     *
        GSI  Technology      Inc.
                                             745,664          5,287
     *
        Clearfield     Inc.
                                             359,810          5,016
     *
        Icad  Inc.
                                             602,206          4,679
     *
        Pixelworks     Inc.
                                            1,184,741           4,644
     *
        Ribbon    Communications        Inc.
                                            1,481,280           4,592
     *
        Castlight    Health   Inc.  Class   B
                                            3,132,276           4,166
     *
        SharpSpring      Inc.
                                             362,676          4,160
     *
        Casa   Systems    Inc.
                                             958,408          3,920
     *,2
        Computer     Task   Group   Inc.
                                             746,502          3,867
     *
        Rimini   Street   Inc.
                                             993,567          3,855
        AstroNova     Inc.
                                             278,254          3,818
     *
        Seachange     International      Inc.
                                             910,106          3,813
     *,^
        Intelligent     Systems    Corp.
                                             93,431         3,732
     *
        Powerfleet     Inc.
                                             557,668          3,630
     *
        DASAN    Zhone   Solutions     Inc.
                                             390,702          3,462
        GlobalSCAPE       Inc.
                                             343,775          3,379
     *
        LRAD   Corp.
                                            1,009,473           3,301
     *
        SecureWorks       Corp.   Class   A
                                             193,975          3,232
     *,^
        Red  Violet   Inc.
                                             172,101          3,186
     *
        Airgain    Inc.
                                             285,067          3,047
     *
        VOXX    International      Corp.   Class   A
                                             669,837          2,934
     *
        Great   Elm  Capital    Group   Inc.
                                             825,118          2,756
     *
        Synacor    Inc.
                                            1,651,360           2,510
        TransAct     Technologies       Inc.
                                             222,314          2,439
     *,^
        Everspin    Technologies       Inc.
                                             444,486          2,338
        TESSCO     Technologies       Inc.
                                             206,522          2,317
     *
        RigNet    Inc.
                                             338,521          2,234
     *
        GTY   Technology      Holdings    Inc.
                                             374,827          2,208
     *,^
        Park  City  Group   Inc.
                                             411,713          2,083
     *
        Identiv    Inc.
                                             350,250          1,975
     *
        Amtech    Systems    Inc.
                                             275,195          1,970
     *
        Majesco
                                             232,770          1,920
     *
        Cambium     Networks     Corp.
                                             219,183          1,916
     *
        Intellicheck      Inc.
                                             236,720          1,773
     *
        Aviat   Networks     Inc.
                                             118,360          1,663
        QAD   Inc.  Class   B
                                             44,450         1,640
     *
        Beyond    Air  Inc.
                                             297,828          1,558
     *
        EMCORE     Corp.
                                             474,814          1,443
        Wayside    Technology      Group   Inc.
                                             84,276         1,365
     *
        Key  Tronic   Corp.
                                             240,560          1,309
     *
        NetSol   Technologies       Inc.
                                             324,689          1,299
     *,^
        Resonant     Inc.
                                             524,589          1,270
     *
        inTEST    Corp.
                                             208,654          1,241
                                408/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        QuickLogic      Corp.
                                             205,951          1,236
     *,^
        Lantronix     Inc.
                                             339,677          1,206
     *,^
        Veritone    Inc.
                                             433,625          1,080
     *,^
        Atomera    Inc.
                                             338,487          1,043
     *
        Sprout   Social   Inc.  Class   A
                                             58,379          937
     *,^
        Mohawk    Group   Holdings    Inc.
                                             156,574           922
     *
        Mastech    Digital   Inc.
                                             81,534          903
     *
        GSE  Systems    Inc.
                                             541,861           894
     *,^
        Akerna    Corp.
                                             100,350           846
        Support.com      Inc.
                                             713,671           778
     *
        Data  I/O  Corp.
                                             179,297           751
     *,^
        Kopin   Corp.
                                            1,867,120           749
     *
        Innodata    Inc.
                                             649,340           740
     *
        Qumu   Corp.
                                             269,483           703
     *
        Finjan   Holdings    Inc.
                                             345,955           695
                                409/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        CSP  Inc.
                                             47,389          618
     *
        CynergisTek      Inc.
                                             186,745           616
     *,^
        TransEnterix      Inc.
                                             413,266           608
     *
        Aehr   Test  Systems
                                             292,832           586
     *
        Sonim   Technologies       Inc.
                                             159,497           579
        Communications        Systems    Inc.
                                             93,730          578
     *,^
        Internap    Corp.
                                             498,914           549
        BK  Technologies       Corp.
                                             173,782           539
     *
        CVD   Equipment     Corp.
                                             162,311           523
     *
        Exela   Technologies       Inc.
                                            1,212,328           494
     *
        RCM   Technologies       Inc.
                                             158,525           476
     *,^
        Super   League    Gaming    Inc.
                                             158,855           375
     *
        ClearOne     Inc.
                                             220,013           365
     *
        WidePoint     Corp.
                                             843,774           336
     *,^
        RumbleON      Inc.  Class   B
                                             347,425           287
        Network-1     Technologies       Inc.
                                             129,664           283
     *,^
        Neurotrope      Inc.
                                             259,399           255
     *
        BSQUARE      Corp.
                                             180,438           251
     *
        Streamline     Health   Solutions     Inc.
                                             171,772           239
     *
        Xcel  Brands    Inc.
                                             151,456           227
     *,^
        Sigma   Labs   Inc.
                                             224,155           220
     *
        Optical    Cable   Corp.
                                             62,844          204
     *
        AudioEye     Inc.
                                             40,564          190
     *
        One  Stop  Systems    Inc.
                                             73,474          148
     *
        Cinedigm     Corp.   Class   A
                                             183,006           128
     *,^,§
        FTE  Networks     Inc.
                                             84,180          126
     *
        Inuvo   Inc.
                                             400,436           118
     *,^
        NXT-ID    Inc.
                                             239,113           108
     *
        Creative    Realities    Inc.
                                             68,684          105
     *
        ADDvantage      Technologies       Group   Inc.
                                             40,203           99
     *
        Marin   Software    Inc.
                                             61,925           85
     *
        Trio-Tech     International
                                             15,180           61
     *
        SITO   Mobile    Ltd.
                                             181,331           50
     *,^,§
        Ominto    Inc.
                                             101,171           41
     *
        Qualstar    Corp.
                                              4,806          26
     *
        Evolving     Systems    Inc.
                                             27,962           25
        SilverSun     Technologies       Inc.
                                              3,301          14
     *
        Westell    Technologies       Inc.  Class   A
                                                        9
                                             10,355
                                                   195,142,625
     Telecommunications          (1.9%)
        AT&T    Inc.
                                           205,770,728          8,041,520
        Verizon    Communications        Inc.
                                           116,496,859          7,152,907
     *
        T-Mobile     US  Inc.
                                            8,428,028         660,926
        CenturyLink      Inc.
                                           30,700,767          405,557
     *
        Zayo   Group   Holdings    Inc.
                                            6,624,718         229,546
     *
        Sprint   Corp.
                                           17,216,634           89,699
     *,^
        Zoom   Video   Communications        Inc.  Class   A
                                            1,281,939          87,223
     *
        Iridium    Communications        Inc.
                                            3,116,525          76,791
        Telephone     & Data  Systems    Inc.
                                            2,715,196          69,047
                                410/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Shenandoah      Telecommunications          Co.
                                            1,357,285          56,477
     *
        8x8  Inc.
                                            2,633,516          48,193
     *
        Vonage    Holdings    Corp.
                                            6,467,501          47,924
        ATN   International      Inc.
                                             297,584         16,483
     *
        United   States   Cellular    Corp.
                                             429,188         15,550
     *,^
        Intelsat    SA
                                            2,193,035          15,417
     *
        Anterix    Inc.
                                             355,758         15,372
     *
        Cincinnati     Bell  Inc.
                                            1,253,412          13,123
     *,^
        GTT   Communications        Inc.
                                             872,867          9,907
     *
        ORBCOMM      Inc.
                                            2,349,918           9,893
     *,^
        Globalstar     Inc.
                                           15,574,538           8,079
        Consolidated      Communications        Holdings    Inc.
                                            1,980,545           7,685
        Spok   Holdings    Inc.
                                             595,202          7,279
     *
        IDT  Corp.   Class   B
                                             542,884          3,914
     *,^
        Frontier    Communications        Corp.
                                            3,110,382           2,767
                                411/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Alaska   Communications        Systems    Group   Inc.
                                            1,464,757           2,593
     *,^
        HC2  Holdings    Inc.
                                             899,952          1,953
     *,^
        Pareteum     Corp.
                                            2,926,761           1,280
     *
        Otelco   Inc.  Class   A
                                             54,417          545
     *
        CPS  Technologies       Corp.
                                                       111
                                             109,990
                                                    17,097,761
     Utilities    (3.2%)
        NextEra    Energy    Inc.
                                           13,771,294         3,334,857
        Dominion     Energy    Inc.
                                           23,201,887         1,921,580
        Southern    Co.
                                           29,571,715         1,883,718
        Duke   Energy    Corp.
                                           20,523,318         1,871,932
        American     Electric    Power   Co.  Inc.
                                           13,888,523         1,312,604
        Exelon    Corp.
                                           27,299,560         1,244,587
        Sempra    Energy
                                            7,721,523         1,169,656
        Xcel  Energy    Inc.
                                           15,066,539          956,575
        Consolidated      Edison   Inc.
                                            9,348,513         845,760
        Public   Service    Enterprise     Group   Inc.
                                           14,238,825          840,803
        WEC   Energy    Group   Inc.
                                            8,864,487         817,572
        Eversource     Energy
                                            9,100,612         774,189
        Edison   International
                                           10,104,969          762,016
        FirstEnergy      Corp.
                                           15,182,635          737,876
        PPL  Corp.
                                           20,344,897          729,975
        DTE   Energy    Co.
                                            5,390,613         700,079
        Entergy    Corp.
                                            5,592,467         669,978
        American     Water   Works   Co.  Inc.
                                            5,061,908         621,855
        Ameren    Corp.
                                            6,969,206         535,235
        CMS   Energy    Corp.
                                            8,008,458         503,251
        Evergy    Inc.
                                            6,453,205         420,039
        CenterPoint      Energy    Inc.
                                           14,094,472          384,356
        Alliant   Energy    Corp.
                                            6,851,769         374,929
        Atmos   Energy    Corp.
                                            3,342,896         373,936
        AES  Corp.
                                           18,667,089          371,475
        NiSource     Inc.
                                           10,474,824          291,619
        Aqua   America    Inc.
                                            6,061,458         284,525
        Pinnacle    West   Capital    Corp.
                                            3,143,232         282,671
        NRG   Energy    Inc.
                                            6,763,336         268,843
        UGI  Corp.
                                            5,856,811         264,494
        Vistra   Energy    Corp.
                                           10,995,825          252,794
        OGE   Energy    Corp.
                                            5,609,823         249,469
     *
        PG&E   Corp.
                                           14,891,081          161,866
        IDACORP     Inc.
                                            1,421,276         151,792
        Hawaiian     Electric    Industries     Inc.
                                            3,143,896         147,323
        ONE   Gas  Inc.
                                            1,496,190         139,998
        Portland    General    Electric    Co.
                                            2,490,815         138,963
        Black   Hills   Corp.
                                            1,729,178         135,810
        New  Jersey   Resources     Corp.
                                            2,685,032         119,672
        ALLETE     Inc.
                                            1,445,980         117,370
        PNM   Resources     Inc.
                                            2,266,002         114,909
        Spire   Inc.
                                            1,361,163         113,398
                                412/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        National    Fuel  Gas  Co.
                                            2,433,738         113,266
        Southwest     Gas  Holdings    Inc.
                                            1,425,565         108,300
        NorthWestern       Corp.
                                            1,420,193         101,785
        Avangrid     Inc.
                                            1,816,022          92,908
        Avista   Corp.
                                            1,891,668          90,970
        American     States   Water   Co.
                                            1,029,208          89,171
        South   Jersey   Industries     Inc.
                                            2,652,746          87,488
        Ormat   Technologies       Inc.
                                            1,134,189          84,520
        MGE   Energy    Inc.
                                             989,192         77,968
        El Paso  Electric    Co.
                                            1,140,602          77,435
        Pattern    Energy    Group   Inc.  Class   A
                                            2,737,483          73,241
        California     Water   Service    Group
                                            1,367,725          70,520
        Northwest     Natural    Holding    Co.
                                             859,382         63,362
        SJW  Group
                                             791,961         56,277
        Chesapeake      Utilities    Corp.
                                             474,728         45,493
                                413/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Evoqua    Water   Technologies       Corp.
                                            2,093,609          39,674
        TerraForm     Power   Inc.  Class   A
                                            2,527,143          38,893
     *
        Sunrun    Inc.
                                            2,351,886          32,479
        Middlesex     Water   Co.
                                             460,385         29,267
        Unitil   Corp.
                                             465,779         28,794
        York   Water   Co.
                                             379,048         17,478
     *
        AquaVenture       Holdings    Ltd.
                                             498,836         13,528
     *,^
        Bloom   Energy    Corp.   Class   A
                                            1,553,305          11,603
     *,^
        Atlantic    Power   Corp.
                                            4,311,546          10,046
     *
        Pure  Cycle   Corp.
                                             715,159          9,004
        Artesian    Resources     Corp.   Class   A
                                             240,624          8,954
     *,^
        Vivint   Solar   Inc.
                                            1,217,502           8,839
     *,^
        Cadiz   Inc.
                                             798,705          8,802
        RGC   Resources     Inc.
                                             218,471          6,244
        Genie   Energy    Ltd.  Class   B
                                             577,349          4,463
        Spark   Energy    Inc.  Class   A
                                             405,351          3,741
     *
        Sunnova    Energy    International      Inc.
                                                      3,545
                                             317,676
                                                    28,902,407
     Total   Common     Stocks   (Cost   $508,641,348)                                 894,894,544
     Preferred     Stocks   (0.0%)

        Air  T Funding    Pfd.,  8.00%,    6/7/24   (Cost   $36)                   17,271           43
                      1
     Temporary     Cash   Investments      (0.6%)
                                Coupon

     Money    Market    Fund   (0.6%)
     4,5
                                 1.816%
        Vanguard     Market    Liquidity     Fund                       53,284,330         5,328,966
                                              Face

                                      Maturity      Amount
                                        Date    ($0001)
     U.S.  Government      and  Agency    Obligations      (0.0%)
     6
        United   States   Treasury    Bill              1.566%      2/20/20      130,000         129,731
     6
                                                      7,959
        United   States   Treasury    Bill          1.527%-1.541%          4/30/20       8,000
                                                     137,690
     Total   Temporary     Cash   Investments      (Cost   $5,465,831)                            5,466,656
     Total   Investments      (100.3%)     (Cost   $514,107,215)                              900,361,243
                                414/564





                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                     Amount

                                                      ($000)
     Other   Assets   and  Liabilities     (-0.3%)
     Other   Assets
     Investment     in Vanguard                                          39,345
     Receivables      for  Investment     Securities     Sold                               12,998
     Receivables      for  Accrued    Income                                     954,088
     Receivables      for  Capital    Shares   Issued                                 1,034,626
     Variation     Margin    Receivable-Futures         Contracts                                8,801
     Unrealized     Appreciation-OTC         Swap   Contracts                                9,669
           5
     Other   Assets                                               8,333
     Total   Other   Assets   (0.2%)                                       2,067,860
     Liabilities
     Payables    for  Investment     Securities     Purchased                                (19,003)
     Collateral     for  Securities     on Loan                                   (2,964,698)
     Payables    for  Capital    Shares   Redeemed                                  (1,682,184)
     Payables    to Vanguard                                           (127,798)
     Variation     Margin    Payable-Futures        Contracts                                 (1,990)
     Other   Liabilities                                              (9,561)
     Total   Liabilities     (-0.5%)                                        (4,805,234)
                                415/564













                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                     Amount

                                                      ($000)
     Net  Assets   (100%)                                         897,623,869
     At December     31,  2019,   net  assets   consisted     of:                            Amount
                                                      ($000)
     Paid-in    Capital                                           517,405,991
     Total   Distributable      Earnings    (Loss)                                 380,217,878
     Net  Assets                                             897,623,869
     Investor    Shares-Net     Assets

     Applicable     to 1,753,462,332       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 139,685,679
     Net  Asset   Value   Per  Share-Investor       Shares                                $79.66
     ETF  Shares-Net     Assets

     Applicable     to 843,407,682      outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 138,067,205
     Net  Asset   Value   Per  Share-ETF     Shares                                 $163.70
     Admiral    Shares-Net     Assets

     Applicable     to 3,169,091,239       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 252,535,692
     Net  Asset   Value   Per  Share-Admiral       Shares                                $79.69
     Institutional      Shares-Net     Assets

     Applicable     to 1,916,108,581       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 152,716,443
     Net  Asset   Value   Per  Share-Institutional         Shares                               $79.70
     Institutional      Plus  Shares-Net     Assets

     Applicable     to 1,259,067,118       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 188,188,264
     Net  Asset   Value   Per  Share-Institutional         Plus  Shares                            $149.47
     Institutional      Select   Shares-Net     Assets

     Applicable     to 168,526,705      outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                  26,430,586
     Net  Asset   Value   Per  Share-Institutional         Select   Shares                           $156.83
     •
       See  Note   A in Notes   to Financial     Statements.
     *
       Non-income-producing           security.
     ^
       Includes     partial    security    positions     on  loan   to  broker-dealers.        The  total   value   of  securities     on  loan   is
       $2,789,582,000.
     §
       Security    value   determined     using   significant     unobservable      inputs.
     1
       The  fund  invests    a portion    of its cash  reserves    in equity   markets    through    the  use  of index   futures    contracts
       and  swap   contracts.     After   giving   effect   to futures    and  swap   investments,      the  fund's   effective    common    stock
       and  temporary     cash  investment     positions    represent    100.0%    and  0.3%,   respectively,      of net  assets.
     2
       Considered      an  affiliated     company     of the  fund   as the  fund   owns   more   than  5%  of the  outstanding      voting
       securities     of such  company.
     3
       “Other”    represents     securities     that  are  not  classified     by the  fund's   benchmark     index.
     4
       Affiliated     money   market    fund  available     only  to Vanguard     funds   and  certain   trusts   and  accounts    managed    by
       Vanguard.     Rate  shown   is the  7-day   yield.
     5
       Collateral     of  $2,964,698,000        was  received     for  securities     on  loan,   of  which   $2,956,365,000        is held   in
       Vanguard     Market    Liquidity     Fund   and  $8,333,000     is held  in cash.
     6
       Securities     with  a value   of $122,551,000       have   been  segregated     as initial   margin    for  open   futures   contracts.
       CVR-Contingent        Value   Rights.
       REIT-Real     Estate   Investment     Trust.
                                416/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Derivative     Financial     Instruments      Outstanding      as of Period   End

     Futures    Contracts
                                                       ($000)
                                                     Value   and
                                                     Unrealized
                                    Number   of Long
                                              Notional       Appreciation
                             Expiration       (Short   Contracts)       Amount      (Depreciation)
     Long  Futures   Contracts
     E-mini   S&P  500  Index                  March   2020        14,070     2,273,079         24,712
     E-mini   Russell   2000  Index                March   2020         1,914     159,876         2,492
     E-mini   S&P  Mid-Cap    400  Index              March   2020          240     49,555         850
                                                      28,054
     Over-the-Counter        Total   Return   Swaps

                                     Floating   Interest
                                              Value   and     Value   and
                                      Rate  Received
                                Notional              Unrealized       Unrealized
                                           1
                  Termination              Amount        (Paid)     Appreciation       (Depreciation)
     Reference    Entity            Date    Counterparty        ($000)         (%)      ($000)       ($000)
     Assurant   Inc.           2/4/2020         GSI     6,521        1.945        29        -
     First  Republic    Bank         2/4/2020         GSI    142,014         2.375       1,740         -
     JPMorgan    Chase  & Co.       9/2/2020       BOANA      118,584         2.147       6,678         -
                                                1,222         -
     VICI       Properties
     Inc.              2/4/2020         GSI     24,610        1.745
                                                9,669         -
     1 Payment   received/paid     monthly.

     BOANA-Bank      of America,    N.A.
     GSI-Goldman     Sachs  International.
     At December    31, 2019,  the counterparties     had  deposited    in segregated    accounts   securities    with  a value  of $9,601,000    in connection    with  open

     over-the-counter      swap  contracts.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

    次へ

                                417/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Statements
     Statement      of Net  Assets

     As  of December     31,  2018
     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.
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
                1
     Common     Stocks   (99.4%)
     Basic   Materials     (2.4%)
        DowDuPont      Inc.
                                           61,298,118         3,278,223
        Linde   plc
                                           14,721,784         2,297,187
        Ecolab   Inc.
                                            6,944,048         1,023,205
        Air  Products    & Chemicals     Inc.
                                            5,864,451         938,605
        LyondellBasell       Industries     NV  Class   A
                                            8,200,223         681,931
        PPG  Industries     Inc.
                                            6,409,288         655,222
        Newmont     Mining    Corp.
                                           14,232,898          493,170
        International      Paper   Co.
                                           10,824,039          436,858
        Nucor   Corp.
                                            8,387,958         434,580
        International      Flavors    & Fragrances     Inc.
                                            2,849,172         382,558
        Freeport-McMoRan          Inc.
                                           36,741,874          378,809
        Celanese    Corp.   Class   A
                                            3,567,741         320,990
        Mosaic    Co.
                                            9,237,661         269,832
        CF  Industries     Holdings    Inc.
                                            6,145,506         267,391
        FMC   Corp.
                                            3,586,719         265,274
        Eastman    Chemical     Co.
                                            3,351,873         245,055
        Albemarle     Corp.
                                            2,829,069         218,036
        Avery   Dennison     Corp.
                                            2,311,806         207,670
        RPM   International      Inc.
                                            3,531,561         207,585
        Steel   Dynamics     Inc.
                                            5,816,449         174,726
        Royal   Gold   Inc.
                                            1,747,958         149,713
     *
        Axalta   Coating    Systems    Ltd.
                                            5,739,583         134,421
     *
        Alcoa   Corp.
                                            4,967,764         132,043
        Chemours     Co.
                                            4,556,845         128,594
        Reliance    Steel   & Aluminum     Co.
                                            1,791,293         127,486
        Ashland    Global   Holdings    Inc.
                                            1,659,711         117,773
        WR  Grace   & Co.
                                            1,778,425         115,438
        Huntsman     Corp.
                                            5,442,880         104,993
        NewMarket      Corp.
                                             227,548         93,770
     *
        Ingevity    Corp.
                                            1,118,268          93,588
        Olin  Corp.
                                            4,434,033          89,168
        United   States   Steel   Corp.
                                            4,697,466          85,682
        Versum    Materials     Inc.
                                            2,908,154          80,614
        Peabody    Energy    Corp.
                                            2,373,351          72,340
        Westlake     Chemical     Corp.
                                            1,035,050          68,489
        Balchem    Corp.
                                             835,018         65,424
        Scotts   Miracle-Gro      Co.
                                            1,033,027          63,490
                                418/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Sensient    Technologies       Corp.
                                            1,123,438          62,744
        Cabot   Corp.
                                            1,442,065          61,922
     *
        Cleveland-Cliffs        Inc.
                                            7,969,060          61,282
        PolyOne    Corp.
                                            2,106,964          60,259
     *
        Platform    Specialty     Products    Corp.
                                            5,771,478          59,619
        Domtar    Corp.
                                            1,686,688          59,253
        Quaker    Chemical     Corp.
                                             330,469         58,728
        HB  Fuller   Co.
                                            1,352,226          57,700
     *
        Univar    Inc.
                                            3,026,608          53,692
        Minerals    Technologies       Inc.
                                             912,356         46,840
        Commercial      Metals   Co.
                                            2,902,687          46,501
        Carpenter     Technology      Corp.
                                            1,241,169          44,198
     *
        GCP   Applied    Technologies       Inc.
                                            1,773,379          43,536
                                419/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Innospec    Inc.
                                             633,075         39,099
        Worthington      Industries     Inc.
                                            1,101,564          38,379
        Stepan   Co.
                                             514,484         38,072
        Arch   Coal  Inc.  Class   A
                                             455,279         37,784
        Compass    Minerals    International      Inc.
                                             899,338         37,493
        Kaiser   Aluminum     Corp.
                                             407,069         36,347
     *
        Ferro   Corp.
                                            2,192,650          34,381
     *
        Contura    Energy    Inc.
                                             488,188         32,093
        Warrior    Met  Coal  Inc.
                                            1,257,944          30,329
        Hecla   Mining    Co.
                                           12,652,227           29,859
        Neenah    Inc.
                                             434,910         25,625
     *
        Coeur   Mining    Inc.
                                            5,342,201          23,880
        Materion    Corp.
                                             520,873         23,434
     *
        Codexis    Inc.
                                            1,351,787          22,575
        US  Silica   Holdings    Inc.
                                            2,068,768          21,060
     *
        CONSOL     Energy    Inc.
                                             661,195         20,967
     *
        Verso   Corp.
                                             897,447         20,103
     *
        CSW   Industrials     Inc.
                                             409,872         19,817
        Schweitzer-Mauduit          International      Inc.
                                             779,149         19,518
        Tronox    Ltd.  Class   A
                                            2,418,494          18,816
     *,^
        AK  Steel   Holding    Corp.
                                            8,323,817          18,729
     *
        AdvanSix     Inc.
                                             739,939         18,010
        Chase   Corp.
                                             179,600         17,969
     *
        Kraton   Corp.
                                             817,855         17,862
     *
        PQ  Group   Holdings    Inc.
                                            1,030,089          15,256
        Rayonier    Advanced     Materials     Inc.
                                            1,319,642          14,054
        Schnitzer     Steel   Industries     Inc.
                                             651,464         14,039
     *
        SunCoke     Energy    Inc.
                                            1,601,558          13,693
        Tredegar    Corp.
                                             766,806         12,162
        Innophos     Holdings    Inc.
                                             494,050         12,119
        Resolute    Forest   Products    Inc.
                                            1,492,846          11,838
        Hawkins    Inc.
                                             270,451         11,075
        American     Vanguard     Corp.
                                             718,769         10,918
        FutureFuel     Corp.
                                             686,758         10,892
     *
        Clearwater     Paper   Corp.
                                             439,873         10,720
     *
        OMNOVA      Solutions     Inc.
                                            1,143,302           8,380
     *
        TimkenSteel      Corp.
                                             904,096          7,902
     *
        Nexeo   Solutions     Inc.
                                             811,968          6,975
        Gold   Resource     Corp.
                                            1,591,636           6,367
     *
        Energy    Fuels   Inc.
                                            2,145,316           6,114
     *
        Intrepid    Potash   Inc.
                                            2,297,802           5,974
        Olympic    Steel   Inc.
                                             365,116          5,210
     *,^
        Uranium    Energy    Corp.
                                            4,045,072           5,056
        Synalloy    Corp.
                                             264,123          4,382
     *
        Universal     Stainless    & Alloy   Products    Inc.
                                             266,099          4,313
     *
        Century    Aluminum     Co.
                                             504,112          3,685
     *
        AgroFresh     Solutions     Inc.
                                             957,008          3,627
     *
        LSB  Industries     Inc.
                                             643,806          3,554
     *,^
        ChromaDex      Corp.
                                            1,023,365           3,510
                                420/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Ryerson    Holding    Corp.
                                             491,768          3,118
        Northern    Technologies       International      Corp.
                                             101,863          3,014
     *,^
        Marrone    Bio  Innovations      Inc.
                                            1,867,466           2,745
     *,^
        Ur-Energy     Inc.
                                            4,085,598           2,656
        PH  Glatfelter     Co.
                                             213,622          2,085
     *
        Veritiv    Corp.
                                             82,814         2,068
     *,^
        Ramaco    Resources     Inc.
                                             243,225          1,204
        United-Guardian        Inc.
                                             52,121          956
        Hallador    Energy    Co.
                                             179,929           912
        Friedman     Industries     Inc.
                                             125,449           884
        Haynes    International      Inc.
                                             30,937          817
        Kronos    Worldwide      Inc.
                                             38,291          441
     *
        General    Moly   Inc.
                                            1,379,582           310
     *
        US  Antimony     Corp.
                                             359,147           208
     *
        Koppers    Holdings    Inc.
                                              9,399         160
     *
        Dynasil    Corp.   of America
                                             158,073           141
                                421/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Ampco-Pittsburgh         Corp.
                                             39,711          123
     *
        Pershing    Gold   Corp.
                                             100,868           107
     *
        Solitario    Zinc  Corp.
                                             101,668           24
     *
        Ikonics    Corp.
                                              1,996          16
     *,^
        Golden    Minerals    Co.
                                             67,011           15
     *,^
        Paramount     Gold   Nevada    Corp.
                                              9,731           8
     *
        Centrus    Energy    Corp.   Class   A
                                              2,700           5
     *,^
        US  Gold   Corp.
                                                        1
                                               900
                                                    16,492,241
     Consumer     Goods   (7.9%)
        Procter    & Gamble    Co.
                                           66,548,734         6,117,160
        Coca-Cola     Co.
                                           102,283,588          4,843,128
        PepsiCo    Inc.
                                           37,706,704         4,165,837
        Philip   Morris   International      Inc.
                                           41,505,319         2,770,895
        NIKE   Inc.  Class   B
                                           34,010,881         2,521,567
        Altria   Group   Inc.
                                           50,197,580         2,479,258
        Mondelez     International      Inc.  Class   A
                                           38,817,875         1,553,880
        Colgate-Palmolive         Co.
                                           23,166,319         1,378,859
     *,^
        Tesla   Inc.
                                            3,441,048         1,145,181
        General    Motors    Co.
                                           33,937,358         1,135,205
        Kimberly-Clark        Corp.
                                            9,251,133         1,054,074
        Activision     Blizzard    Inc.
                                           19,366,240          901,886
        Ford  Motor   Co.
                                           104,331,772           798,138
        Estee   Lauder    Cos.  Inc.  Class   A
                                            5,874,211         764,235
        Kraft   Heinz   Co.
                                           16,283,887          700,858
        Constellation      Brands    Inc.  Class   A
                                            3,994,245         642,354
     *
        Electronic     Arts  Inc.
                                            8,071,336         636,909
        General    Mills   Inc.
                                           15,927,141          620,203
        Archer-Daniels-Midland            Co.
                                           14,963,128          613,039
        VF  Corp.
                                            8,478,880         604,883
     *
        Monster    Beverage     Corp.
                                           11,077,420          545,231
        Clorox   Co.
                                            3,409,743         525,578
        McCormick      & Co.  Inc.
                                            3,251,015         452,671
        Aptiv   plc
                                            7,042,045         433,579
        Church    & Dwight    Co.  Inc.
                                            6,578,546         432,605
        Kellogg    Co.
                                            7,416,654         422,823
        Tyson   Foods   Inc.  Class   A
                                            7,886,385         421,133
        Hershey    Co.
                                            3,786,100         405,794
        Brown-Forman       Corp.   Class   B
                                            7,925,403         377,091
        Genuine    Parts   Co.
                                            3,727,739         357,937
     *
        Lululemon     Athletica    Inc.
                                            2,780,186         338,098
        DR  Horton    Inc.
                                            9,532,736         330,405
     *
        Take-Two     Interactive     Software    Inc.
                                            3,038,685         312,802
        Lennar    Corp.   Class   A
                                            7,795,507         305,194
        Hormel    Foods   Corp.
                                            7,106,806         303,318
        Lamb   Weston    Holdings    Inc.
                                            3,903,224         287,121
        Conagra    Brands    Inc.
                                           12,925,923          276,098
        JM  Smucker    Co.
                                            2,875,806         268,859
        Molson    Coors   Brewing    Co.  Class   B
                                            4,687,002         263,222
                                422/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Tapestry    Inc.
                                            7,710,012         260,213
        Hasbro    Inc.
                                            3,036,543         246,719
     *
        NVR   Inc.
                                             91,712        223,501
        Lear  Corp.
                                            1,711,878         210,321
        Newell    Brands    Inc.
                                           11,199,976          208,208
        Garmin    Ltd.
                                            3,274,791         207,360
        BorgWarner      Inc.
                                            5,547,494         192,720
     *
        LKQ   Corp.
                                            8,052,341         191,082
        Bunge   Ltd.
                                            3,565,490         190,540
        PVH   Corp.
                                            2,039,024         189,527
     *
        Mohawk    Industries     Inc.
                                            1,579,566         184,746
     *
        US  Foods   Holding    Corp.
                                            5,787,005         183,101
        Whirlpool     Corp.
                                            1,700,131         181,693
        PulteGroup      Inc.
                                            6,740,557         175,187
        Ingredion     Inc.
                                            1,883,111         172,116
     *
        Campbell     Soup   Co.
                                            5,201,587         171,600
                                423/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Herbalife     Nutrition    Ltd.
                                            2,702,303         159,301
     *
        Middleby     Corp.
                                            1,492,130         153,287
        Pool  Corp.
                                            1,017,798         151,296
        Ralph   Lauren    Corp.   Class   A
                                            1,454,289         150,461
     *
        Post  Holdings    Inc.
                                            1,678,504         149,605
     *
        WABCO     Holdings    Inc.
                                            1,388,770         149,071
        Harley-Davidson        Inc.
                                            4,339,617         148,068
     *
        Michael    Kors   Holdings    Ltd.
                                            3,804,897         144,282
        Fortune    Brands    Home   & Security    Inc.
                                            3,774,736         143,402
        Keurig    Dr Pepper   Inc.
                                            5,562,050         142,611
     *,^
        Wayfair    Inc.
                                            1,567,649         141,214
        Gentex    Corp.
                                            6,978,007         141,026
        Goodyear     Tire  & Rubber    Co.
                                            6,213,291         126,813
        Jefferies    Financial     Group   Inc.
                                            7,299,741         126,724
        Leggett    & Platt  Inc.
                                            3,471,823         124,430
        Hanesbrands      Inc.
                                            9,623,025         120,576
        Polaris   Industries     Inc.
                                            1,563,689         119,904
        Toll  Brothers    Inc.
                                            3,541,830         116,632
        Brunswick     Corp.
                                            2,314,531         107,510
        Carter's    Inc.
                                            1,220,873          99,648
     *
        Deckers    Outdoor    Corp.
                                             772,689         98,866
        Valvoline     Inc.
                                            5,007,734          96,900
     *
        Helen   of Troy   Ltd.
                                             701,710         92,050
     *,^
        Mattel   Inc.
                                            9,188,524          91,793
        Lancaster     Colony    Corp.
                                             512,735         90,682
        Flowers    Foods   Inc.
                                            4,775,678          88,207
     *,^
        Under   Armour    Inc.  Class   A
                                            4,874,058          86,125
        Nu  Skin  Enterprises     Inc.  Class   A
                                            1,403,196          86,058
     *,^
        Under   Armour    Inc.
                                            5,263,730          85,115
     *
        Darling    Ingredients     Inc.
                                            4,375,939          84,193
     *
        Skechers    U.S.A.   Inc.  Class   A
                                            3,581,501          81,981
     *
        Zynga   Inc.  Class   A
                                           20,744,299           81,525
        Coty   Inc.  Class   A
                                           12,024,349           78,880
        Wolverine     World   Wide   Inc.
                                            2,390,761          76,241
     *
        TreeHouse     Foods   Inc.
                                            1,495,578          75,841
        Energizer     Holdings     Inc.
                                            1,581,999          71,427
        Thor   Industries     Inc.
                                            1,334,416          69,390
        Columbia     Sportswear     Co.
                                             778,700         65,481
        WD-40    Co.
                                             349,024         63,962
        Steven   Madden    Ltd.
                                            2,094,308          63,374
     *
        Dorman    Products    Inc.
                                             703,655         63,343
     *
        Elanco   Animal    Health   Inc.
                                            1,951,866          61,542
     *,^
        iRobot   Corp.
                                             705,705         59,096
        J&J  Snack   Foods   Corp.
                                             395,829         57,233
     *
        Fox  Factory    Holding    Corp.
                                             956,740         56,323
        Sanderson     Farms   Inc.
                                             549,158         54,526
     *
        Edgewell     Personal    Care  Co.
                                            1,438,537          53,729
        Dana   Inc.
                                            3,847,002          52,435
     *
        Boston    Beer  Co.  Inc.  Class   A
                                             216,747         52,201
                                424/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Tempur    Sealy   International      Inc.
                                            1,233,824          51,080
     ^
        B&G   Foods   Inc.
                                            1,753,456          50,692
     *
        Taylor   Morrison     Home   Corp.   Class   A
                                            3,141,082          49,943
        Herman    Miller   Inc.
                                            1,569,324          47,472
     *
        Visteon    Corp.
                                             771,429         46,502
        Spectrum     Brands    Holdings    Inc.
                                            1,064,106          44,958
        KB  Home
                                            2,348,046          44,848
     *
        Crocs   Inc.
                                            1,691,279          43,939
        LCI  Industries
                                             642,576         42,924
     *
        TRI  Pointe   Group   Inc.
                                            3,926,408          42,916
        Cooper    Tire  & Rubber    Co.
                                            1,327,294          42,911
     *
        Welbilt    Inc.
                                            3,740,241          41,554
     *
        USANA    Health   Sciences    Inc.
                                             348,598         41,040
        HNI  Corp.
                                            1,139,316          40,366
        Callaway     Golf  Co.
                                            2,520,504          38,564
     *
        Meritor    Inc.
                                            2,271,086          38,404
     *
        Gentherm     Inc.
                                             953,036         38,102
                                425/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Tenneco    Inc.  Class   A
                                            1,386,284          37,970
        Medifast    Inc.
                                             300,837         37,611
     *
        Hain   Celestial    Group   Inc.
                                            2,357,450          37,389
     *
        Meritage    Homes    Corp.
                                            1,001,565          36,777
        Universal     Corp.
                                             656,874         35,570
        Tupperware      Brands    Corp.
                                            1,108,469          34,994
        Nutrisystem      Inc.
                                             782,259         34,326
        La-Z-Boy     Inc.
                                            1,234,923          34,220
        Delphi   Technologies       plc
                                            2,352,442          33,687
        MDC   Holdings    Inc.
                                            1,192,698          33,527
     *
        American     Axle   & Manufacturing       Holdings    Inc.
                                            2,938,349          32,616
        Cal-Maine     Foods   Inc.
                                             759,204         32,114
        Steelcase     Inc.  Class   A
                                            2,125,501          31,521
     *
        G-III   Apparel    Group   Ltd.
                                            1,108,785          30,924
        Calavo    Growers    Inc.
                                             417,628         30,470
        Oxford    Industries     Inc.
                                             422,954         30,047
     *
        Cooper-Standard        Holdings    Inc.
                                             474,865         29,499
     *
        Central    Garden    & Pet  Co.  Class   A
                                             943,089         29,472
     *
        Cavco   Industries     Inc.
                                             224,107         29,219
        Inter  Parfums    Inc.
                                             444,469         29,144
     *,^
        Fitbit   Inc.  Class   A
                                            5,759,027          28,622
     *
        Hostess    Brands    Inc.  Class   A
                                            2,589,432          28,328
        Vector    Group   Ltd.
                                            2,790,836          27,155
        Seaboard     Corp.
                                              7,661        27,105
     *
        Sleep   Number    Corp.
                                             842,759         26,741
     *
        Glu  Mobile    Inc.
                                            3,032,347          24,471
     *
        Garrett    Motion    Inc.
                                            1,947,220          24,029
        Standard    Motor   Products    Inc.
                                             481,114         23,300
     *
        American     Woodmark      Corp.
                                             417,487         23,246
        Fresh   Del  Monte   Produce    Inc.
                                             817,358         23,107
        Sturm   Ruger   & Co.  Inc.
                                             432,701         23,028
     ^
        National    Beverage     Corp.
                                             309,004         22,177
        Interface    Inc.  Class   A
                                            1,540,156          21,947
        Coca-Cola     Bottling    Co.  Consolidated
                                             123,089         21,834
     *,^
        LGI  Homes    Inc.
                                             477,605         21,597
     *
        Freshpet    Inc.
                                             658,351         21,173
     *
        Pilgrim's    Pride   Corp.
                                            1,343,655          20,840
        Knoll   Inc.
                                            1,232,030          20,304
        MGP   Ingredients     Inc.
                                             352,191         20,092
     *
        Malibu    Boats   Inc.  Class   A
                                             549,619         19,127
        Andersons     Inc.
                                             632,989         18,920
     *
        Fossil   Group   Inc.
                                            1,183,893          18,623
        Winnebago      Industries     Inc.
                                             759,002         18,375
        Acushnet     Holdings    Corp.
                                             868,389         18,297
        ACCO    Brands    Corp.
                                            2,675,099          18,137
     *
        American     Outdoor    Brands    Corp.
                                            1,351,099          17,375
     *
        Stoneridge     Inc.
                                             703,841         17,350
        Phibro   Animal    Health   Corp.   Class   A
                                             525,784         16,909
     *
        Vista   Outdoor    Inc.
                                            1,462,740          16,602
                                426/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        National    Presto   Industries     Inc.
                                             137,240         16,046
     ^
        Tootsie    Roll  Industries     Inc.
                                             461,425         15,412
     *
        M/I  Homes    Inc.
                                             716,313         15,057
     *
        Central    Garden    & Pet  Co.
                                             409,355         14,102
        Skyline    Champion     Corp.
                                             954,421         14,020
     *
        Modine    Manufacturing       Co.
                                            1,209,255          13,072
        Lennar    Corp.   Class   B
                                             415,047         13,003
     *
        Primo   Water   Corp.
                                             919,049         12,876
        Movado    Group   Inc.
                                             404,066         12,777
     *,^
        GoPro   Inc.  Class   A
                                            2,991,568          12,684
        John  B Sanfilippo     & Son  Inc.
                                             218,710         12,173
        Tower   International      Inc.
                                             488,432         11,625
     *
        Century    Communities      Inc.
                                             657,636         11,351
     ^
        Camping    World   Holdings    Inc.  Class   A
                                             825,272          9,466
        Dean   Foods   Co.
                                            2,360,833           8,995
     *
        Beazer   Homes    USA   Inc.
                                             936,420          8,877
                                427/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Motorcar     Parts   of America    Inc.
                                             525,930          8,751
     *
        Unifi   Inc.
                                             382,109          8,727
     *
        MasterCraft      Boat  Holdings    Inc.
                                             451,609          8,445
     *
        Nautilus    Inc.
                                             749,720          8,172
        Limoneira     Co.
                                             406,752          7,952
        Hooker    Furniture     Corp.
                                             292,319          7,700
     *,^
        22nd   Century    Group   Inc.
                                            3,034,920           7,557
     *
        ZAGG    Inc.
                                             769,717          7,528
     *,^
        New  Age  Beverages     Corp.
                                            1,331,052           6,921
     *
        Farmer    Brothers    Co.
                                             292,855          6,832
        Johnson    Outdoors     Inc.  Class   A
                                             110,155          6,471
        Clarus   Corp.
                                             638,712          6,464
     *
        YETI   Holdings    Inc.
                                             429,469          6,373
     *
        Seneca    Foods   Corp.   Class   A
                                             218,253          6,159
        Bassett    Furniture     Industries     Inc.
                                             295,682          5,925
        Turning    Point   Brands    Inc.
                                             210,429          5,728
        Culp   Inc.
                                             302,422          5,716
     *
        Craft   Brew   Alliance    Inc.
                                             394,664          5,648
        Hamilton     Beach   Brands    Holding    Co.  Class   A
                                             226,804          5,321
     *,^
        Revlon    Inc.  Class   A
                                             209,831          5,286
     *,^
        elf  Beauty    Inc.
                                             604,205          5,232
     *,^
        Sonos   Inc.
                                             518,489          5,092
        Rocky   Brands    Inc.
                                             193,275          5,025
        Weyco    Group   Inc.
                                             169,895          4,956
     *
        Lifevantage      Corp.
                                             374,459          4,939
     *
        Universal     Electronics     Inc.
                                             194,573          4,919
        Oil-Dri    Corp.   of America
                                             161,061          4,268
        Superior    Group   of Cos.  Inc.
                                             240,917          4,252
     *
        Lovesac    Co.
                                             165,142          3,788
        Lifetime    Brands    Inc.
                                             338,870          3,399
        Marine    Products    Corp.
                                             194,459          3,288
     *,^
        Vuzix   Corp.
                                             625,024          3,006
        Strattec    Security    Corp.
                                             101,820          2,932
        Flexsteel    Industries     Inc.
                                             130,005          2,871
     *,^
        Pyxus   International      Inc.
                                             238,753          2,832
     *,^
        Akoustis    Technologies       Inc.
                                             561,823          2,792
     *
        Shiloh   Industries     Inc.
                                             434,285          2,532
     *,^
        Funko   Inc.  Class   A
                                             192,360          2,530
        Alico   Inc.
                                             82,474         2,433
     *
        Delta   Apparel    Inc.
                                             139,331          2,401
        Escalade    Inc.
                                             203,028          2,325
     *,^
        Castle   Brands    Inc.
                                            2,715,417           2,309
     *
        RiceBran     Technologies
                                             767,288          2,302
        Titan   International      Inc.
                                             484,549          2,258
     *,^
        Eastman    Kodak   Co.
                                             882,600          2,251
     *
        Lakeland     Industries     Inc.
                                             201,320          2,102
        Kewaunee     Scientific     Corp.
                                             57,081         1,897
     *
        Nature's    Sunshine    Products    Inc.
                                             224,632          1,831
     *
        Natural    Alternatives      International      Inc.
                                             181,845          1,788
                                428/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Core   Molding    Technologies       Inc.
                                             228,649          1,626
     *,^
        Celsius    Holdings    Inc.
                                             447,606          1,553
        Crown   Crafts   Inc.
                                             274,576          1,483
        Rocky   Mountain     Chocolate     Factory    Inc.
                                             173,764          1,461
        Ethan   Allen   Interiors    Inc.
                                             69,679         1,226
     *
        Centric    Brands    Inc.
                                             348,293          1,195
     *,^
        Veru   Inc.
                                             812,319          1,137
     *
        Alpha   Pro  Tech   Ltd.
                                             293,460          1,089
     *
        New  Home   Co.  Inc.
                                             181,777           951
        Acme   United   Corp.
                                             60,785          866
     *,^
        Blink   Charging     Co.
                                             470,258           809
     *
        Vera   Bradley    Inc.
                                             94,028          806
     *
        Reed's   Inc.
                                             375,034           776
     *,^
        S&W   Seed   Co.
                                             403,039           729
     *,^
        Level   Brands    Inc.
                                             231,989           717
     *,^
        Innovate    Biopharmaceuticals         Inc.
                                             251,340           581
     *
        Tandy   Leather    Factory    Inc.
                                             93,919          533
                                429/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Mannatech     Inc.
                                             25,551          480
     *
        Willamette     Valley   Vineyards     Inc.
                                             66,647          459
     *,^
        JAKKS    Pacific    Inc.
                                             306,686           451
     *
        LS  Starrett    Co.  Class   A
                                             75,368          394
     *
        Coffee   Holding    Co.  Inc.
                                             105,416           372
        Virco   Manufacturing       Corp.
                                             54,872          235
     *
        Bridgford     Foods   Corp.
                                             10,626          211
     *
        Zedge   Inc.  Class   B
                                             85,340          209
        Jerash   Holdings    US  Inc.
                                             34,954          204
        P&F  Industries     Inc.  Class   A
                                             19,303          149
     *
        Summer    Infant   Inc.
                                             133,100           140
     *,^
        Nova   Lifestyle    Inc.
                                             298,918           138
        CompX    International      Inc.
                                              7,411         101
     *
        Dixie   Group   Inc.
                                             141,943           100
        Ocean   Bio-Chem     Inc.
                                             24,282           80
     *
        William    Lyon   Homes    Class   A
                                              5,416          58
     *,^
        CTI  Industries     Corp.
                                             14,046           42
     *
        Lifeway    Foods   Inc.
                                             22,423           42
     *
        Cherokee     Inc.
                                             73,246           37
     *
        Koss   Corp.
                                             17,633           33
     *
        Emerson    Radio   Corp.
                                             17,781           26
     *
        US  Auto   Parts   Network    Inc.
                                             21,627           20
     *
        Charles    & Colvard    Ltd.
                                             20,203           17
     *
        Hovnanian     Enterprises     Inc.  Class   B
                                             19,300           13
     *
        Iconix   Brand   Group   Inc.
                                             53,800           4
     *,^
        Orchids    Paper   Products    Co.
                                               766          1
     *
        CCA   Industries     Inc.
                                                        -
                                               147
                                                    53,039,561
     Consumer     Services    (13.5%)
     *
        Amazon.com      Inc.
                                           11,103,329         16,676,867
        Home   Depot   Inc.
                                           30,177,998         5,185,184
        Walt   Disney    Co.
                                           37,777,614         4,142,315
        Comcast    Corp.   Class   A
                                           121,287,849          4,129,851
        McDonald's      Corp.
                                           20,593,963         3,656,870
        Walmart    Inc.
                                           39,123,470         3,644,351
     *
        Netflix    Inc.
                                           11,067,658         2,962,369
        Costco   Wholesale     Corp.
                                           11,708,026         2,385,042
        CVS   Health   Corp.
                                           34,546,444         2,263,483
     *
        Booking    Holdings    Inc.
                                            1,237,488         2,131,474
        Starbucks     Corp.
                                           31,484,054         2,027,573
        Lowe's    Cos.  Inc.
                                           20,517,406         1,894,988
        Walgreens     Boots   Alliance    Inc.
                                           21,511,605         1,469,888
        TJX  Cos.  Inc.
                                           31,414,950         1,405,505
        Twenty-First      Century    Fox  Inc.  Class   A
                                           27,700,428         1,332,945
     *
        Charter    Communications        Inc.  Class   A
                                            4,281,483         1,220,094
        Target   Corp.
                                           13,940,612          921,335
        Ross   Stores   Inc.
                                            9,979,765         830,316
        Sysco   Corp.
                                           13,195,902          826,855
        Delta   Air  Lines   Inc.
                                           16,485,992          822,651
                                430/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Dollar   General    Corp.
                                            7,093,022         766,614
        Yum!   Brands    Inc.
                                            8,335,272         766,178
        Marriott    International      Inc.  Class   A
                                            6,838,201         742,355
     *
        O'Reilly    Automotive      Inc.
                                            2,140,708         737,110
     *
        eBay   Inc.
                                           24,429,683          685,741
        Twenty-First      Century    Fox  Inc.
                                           13,324,343          636,637
        Southwest     Airlines    Co.
                                           13,522,093          628,507
        Kroger    Co.
                                           21,311,126          586,056
        McKesson     Corp.
                                            5,220,751         576,736
     *
        Dollar   Tree  Inc.
                                            6,357,061         574,170
     *
        AutoZone     Inc.
                                             682,918         572,517
        Hilton   Worldwide      Holdings    Inc.
                                            7,923,665         568,919
        Las  Vegas   Sands   Corp.
                                           10,472,601          545,099
        Carnival    Corp.
                                           10,558,853          520,551
     *
        United   Continental      Holdings    Inc.
                                            6,190,343         518,317
        Omnicom     Group   Inc.
                                            5,988,453         438,594
                                431/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Royal   Caribbean     Cruises    Ltd.
                                            4,470,215         437,142
        CBS  Corp.   Class   B
                                            9,186,710         401,643
     *
        Ulta  Beauty    Inc.
                                            1,515,610         371,082
        American     Airlines    Group   Inc.
                                           11,067,129          355,366
        Expedia    Group   Inc.
                                            3,094,179         348,559
        Darden    Restaurants      Inc.
                                            3,318,365         331,372
        Best  Buy  Co.  Inc.
                                            6,161,771         326,327
     *
        Chipotle    Mexican    Grill  Inc.  Class   A
                                             741,270         320,073
        AmerisourceBergen          Corp.   Class   A
                                            4,243,361         315,706
        MGM   Resorts    International
                                           12,636,082          306,551
        Kohl's   Corp.
                                            4,448,571         295,118
     *
        Burlington     Stores   Inc.
                                            1,799,111         292,661
     *
        CarMax    Inc.
                                            4,660,320         292,342
        Advance    Auto   Parts   Inc.
                                            1,847,635         290,929
        Domino's     Pizza   Inc.
                                            1,106,998         274,524
        Tractor    Supply    Co.
                                            3,252,579         271,395
     *
        Copart   Inc.
                                            5,626,440         268,831
        Viacom    Inc.  Class   B
                                            9,711,280         249,580
        Tiffany    & Co.
                                            3,086,197         248,470
     *
        Norwegian     Cruise   Line  Holdings    Ltd.
                                            5,857,004         248,278
        Wynn   Resorts    Ltd.
                                            2,462,903         243,606
        Macy's    Inc.
                                            8,179,692         243,591
     *
        Liberty    Broadband     Corp.
                                            3,287,371         236,789
        Vail  Resorts    Inc.
                                            1,077,257         227,107
        Nielsen    Holdings    plc
                                            9,463,119         220,775
     *
        Qurate   Retail   Group   Inc.  QVC   Group   Class   A
                                           11,210,596          218,831
        Interpublic     Group   of Cos.  Inc.
                                           10,230,355          211,052
        FactSet    Research    Systems    Inc.
                                            1,012,656         202,663
        Alaska   Air  Group   Inc.
                                            3,283,615         199,808
        Gap  Inc.
                                            7,690,398         198,105
        Aramark
                                            6,566,441         190,230
     *
        GrubHub     Inc.
                                            2,415,298         185,519
     *
        Discovery     Communications        Inc.
                                            7,994,340         184,509
        Service    Corp.   International
                                            4,575,498         184,210
     *
        Live  Nation   Entertainment       Inc.
                                            3,628,692         178,713
     *
        Bright   Horizons    Family    Solutions     Inc.
                                            1,542,416         171,902
        KAR   Auction    Services    Inc.
                                            3,592,320         171,426
     *,^
        Sirius   XM  Holdings     Inc.
                                           29,650,220          169,303
        Foot  Locker    Inc.
                                            3,067,237         163,177
        L Brands    Inc.
                                            6,229,315         159,907
        Sabre   Corp.
                                            7,325,928         158,533
        Altice   USA   Inc.  Class   A
                                            9,374,075         154,860
     *
        Liberty    Media   Corp-Liberty      Formula    One
                                            4,995,296         153,356
     *
        TripAdvisor      Inc.
                                            2,830,721         152,689
     *
        Liberty    Media   Corp-Liberty      SiriusXM     Class    C 
                                            4,111,706         152,051
     *
        Five  Below   Inc.
                                            1,485,067         151,952
        Nordstrom     Inc.
                                            3,158,156         147,202
        News   Corp.   Class   A
                                           12,938,905          146,857
     *
        Etsy  Inc.
                                            3,055,402         145,345
                                432/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        DISH   Network    Corp.   Class   A
                                            5,819,132         145,304
        Rollins    Inc.
                                            3,934,056         142,019
        Dunkin'    Brands    Group   Inc.
                                            2,192,313         140,571
        Dun  & Bradstreet     Corp.
                                             984,118         140,473
        H&R   Block   Inc.
                                            5,461,870         138,568
     *
        ServiceMaster       Global   Holdings    Inc.
                                            3,611,695         132,694
     *
        JetBlue    Airways    Corp.
                                            8,139,003         130,712
     *
        Madison    Square   Garden    Co.  Class   A
                                             486,335         130,192
     *
        Planet   Fitness    Inc.  Class   A
                                            2,351,401         126,082
        Casey's    General    Stores   Inc.
                                             975,422         124,991
     *,^
        Discovery     Communications        Inc.  Class   A
                                            4,993,438         123,538
     *
        Grand   Canyon    Education     Inc.
                                            1,281,556         123,209
        Wyndham     Hotels   & Resorts    Inc.
                                            2,640,153         119,784
        Texas   Roadhouse     Inc.  Class   A
                                            1,808,518         107,969
     ^
        Williams-Sonoma         Inc.
                                            2,139,769         107,951
        Six  Flags   Entertainment       Corp.
                                            1,912,308         106,382
     *,^
        Trade   Desk   Inc.  Class   A
                                             916,222         106,337
                                433/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Cable   One  Inc.
                                             128,983         105,779
     *
        Spirit   Airlines    Inc.
                                            1,815,166         105,134
     *,^
        Caesars    Entertainment       Corp.
                                           15,225,195          103,379
     ^
        Cracker    Barrel   Old  Country    Store   Inc.
                                             638,435         102,060
        Cinemark     Holdings    Inc.
                                            2,806,120         100,459
        Dolby   Laboratories      Inc.  Class   A
                                            1,619,838         100,171
        Tribune    Media   Co.  Class   A
                                            2,097,287          95,175
     *
        Ollie's   Bargain    Outlet   Holdings    Inc.
                                            1,418,020          94,313
        Nexstar    Media   Group   Inc.  Class   A
                                            1,156,081          90,914
        Wyndham     Destinations      Inc.
                                            2,466,076          88,384
        New  York   Times   Co.  Class   A
                                            3,946,686          87,972
     *
        Liberty    Media   Corp-Liberty      SiriusXM     Class   A
                                            2,385,676          87,793
        American     Eagle   Outfitters     Inc.
                                            4,495,215          86,893
     *
        Performance      Food   Group   Co.
                                            2,665,941          86,030
        Marriott    Vacations     Worldwide      Corp.
                                            1,126,556          79,433
        Wendy's    Co.
                                            5,058,642          78,965
     *
        Chegg   Inc.
                                            2,747,924          78,096
        Extended     Stay  America    Inc.
                                            5,009,948          77,654
        World   Wrestling     Entertainment       Inc.  Class   A
                                            1,037,572          77,527
        Aaron's    Inc.
                                            1,830,031          76,953
     *
        Sprouts    Farmers    Market    Inc.
                                            3,233,318          76,015
     *
        Adtalem    Global   Education     Inc.
                                            1,558,522          73,749
        Hyatt   Hotels   Corp.   Class   A
                                            1,089,151          73,627
     *
        Yelp   Inc.  Class   A
                                            2,094,429          73,284
     *
        Stamps.com      Inc.
                                             460,070         71,605
        Churchill     Downs    Inc.
                                             289,262         70,563
        Graham    Holdings    Co.  Class   B
                                             110,097         70,526
        AMERCO
                                             208,958         68,561
     *
        Hilton   Grand   Vacations     Inc.
                                            2,582,217          68,145
     *
        Urban   Outfitters     Inc.
                                            2,019,687          67,054
     *
        LiveRamp     Holdings    Inc.
                                            1,718,727          66,394
     *
        AMC   Networks     Inc.  Class   A
                                            1,198,004          65,746
     *,^
        RH
                                             534,618         64,058
        Choice    Hotels   International      Inc.
                                             893,194         63,935
        Strategic    Education     Inc.
                                             553,757         62,807
     *
        Murphy    USA   Inc.
                                             815,264         62,482
        TEGNA    Inc.
                                            5,739,825          62,392
        Dick's   Sporting    Goods   Inc.
                                            1,927,461          60,137
     *
        Belmond    Ltd.  Class   A
                                            2,323,456          58,156
        Monro   Inc.
                                             833,983         57,336
        SkyWest     Inc.
                                            1,283,865          57,093
        John  Wiley   & Sons   Inc.  Class   A
                                            1,208,249          56,751
     *
        Liberty    Expedia    Holdings    Inc.  Class   A
                                            1,440,525          56,339
     *
        Penn   National    Gaming    Inc.
                                            2,990,434          56,310
     *
        Eldorado    Resorts    Inc.
                                            1,548,774          56,081
        Hillenbrand      Inc.
                                            1,476,198          55,992
     *
        AutoNation      Inc.
                                            1,554,479          55,495
        Meredith    Corp.
                                            1,064,526          55,292
        Morningstar      Inc.
                                             503,212         55,273
                                434/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Pandora    Media   Inc.
                                            6,811,876          55,108
     *
        Sally   Beauty    Holdings    Inc.
                                            3,197,197          54,512
     *,^
        Roku   Inc.
                                            1,741,310          53,354
     *
        Cargurus     Inc.
                                            1,537,995          51,877
        Jack  in the  Box  Inc.
                                             654,882         50,839
        Wingstop     Inc.
                                             774,512         49,716
     *
        National    Vision   Holdings    Inc.
                                            1,751,963          49,353
        Sinclair    Broadcast     Group   Inc.  Class   A
                                            1,841,009          48,492
     *
        Weight    Watchers     International      Inc.
                                            1,252,881          48,299
     *
        frontdoor     Inc.
                                            1,787,587          47,568
        Cheesecake      Factory    Inc.
                                            1,087,050          47,298
        Dave   & Buster's    Entertainment       Inc.
                                            1,038,269          46,265
        Lithia   Motors    Inc.  Class   A
                                             601,944         45,946
        DSW   Inc.  Class   A
                                            1,850,632          45,711
        Brinker    International      Inc.
                                            1,028,198          45,220
                                435/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Sotheby's
                                            1,122,248          44,598
        Signet   Jewelers    Ltd.
                                            1,390,867          44,188
     *
        BJ's  Wholesale     Club   Holdings    Inc.
                                            1,989,779          44,094
        Boyd   Gaming    Corp.
                                            2,090,967          43,450
        PriceSmart     Inc.
                                             682,602         40,342
        Bed  Bath  & Beyond    Inc.
                                            3,503,791          39,663
        Bloomin'     Brands    Inc.
                                            2,208,607          39,512
        Lions   Gate  Entertainment       Corp.   Class   B
                                            2,628,832          39,117
     *
        Cars.com     Inc.
                                            1,816,090          39,046
     *
        Groupon    Inc.  Class   A
                                           12,153,820           38,892
        Red  Rock   Resorts    Inc.  Class   A
                                            1,856,466          37,705
        Children's     Place   Inc.
                                             412,006         37,118
     *
        Avis   Budget    Group   Inc.
                                            1,640,668          36,882
        Penske    Automotive      Group   Inc.
                                             911,647         36,758
     *
        Floor   & Decor   Holdings    Inc.  Class   A
                                            1,416,356          36,684
     *
        Laureate    Education     Inc.  Class   A
                                            2,373,145          36,167
        Abercrombie      & Fitch   Co.
                                            1,793,668          35,963
     *
        Shutterfly     Inc.
                                             889,076         35,794
     *
        MSG   Networks     Inc.
                                            1,516,164          35,721
     *
        Asbury    Automotive      Group   Inc.
                                             529,978         35,328
     *,^
        Michaels    Cos.  Inc.
                                            2,509,182          33,974
     *
        Simply    Good   Foods   Co.
                                            1,771,453          33,480
        Hawaiian     Holdings    Inc.
                                            1,254,177          33,123
        GameStop     Corp.   Class   A
                                            2,572,313          32,463
        Matthews     International      Corp.   Class   A
                                             797,260         32,385
        Guess?    Inc.
                                            1,505,344          31,266
        Big  Lots  Inc.
                                            1,079,952          31,232
     *
        SeaWorld     Entertainment       Inc.
                                            1,390,837          30,724
     *,^
        ANGI   Homeservices       Inc.  Class   A
                                            1,910,688          30,705
        Dine   Brands    Global   Inc.
                                             450,645         30,346
        Allegiant     Travel   Co.  Class   A
                                             302,417         30,308
     *,^
        Carvana    Co.  Class   A
                                             926,227         30,297
     *
        Gray   Television     Inc.
                                            2,048,915          30,201
     *
        Liberty    TripAdvisor      Holdings    Inc.  Class   A
                                            1,891,202          30,051
     *
        Shake   Shack   Inc.  Class   A
                                             658,252         29,898
        Caleres    Inc.
                                            1,025,935          28,552
        BJ's  Restaurants      Inc.
                                             558,391         28,238
        Core-Mark     Holding    Co.  Inc.
                                            1,198,553          27,866
        Viad   Corp.
                                             525,662         26,330
     *
        Scientific     Games   Corp.
                                            1,469,503          26,275
        International      Speedway     Corp.   Class   A
                                             598,281         26,241
        Gannett    Co.  Inc.
                                            3,039,013          25,923
        Lions   Gate  Entertainment       Corp.   Class   A
                                            1,602,116          25,794
        Group   1 Automotive      Inc.
                                             488,023         25,729
     *
        Denny's    Corp.
                                            1,566,924          25,400
        Scholastic     Corp.
                                             630,074         25,367
     *
        Houghton     Mifflin    Harcourt    Co.
                                            2,780,142          24,632
     *
        K12  Inc.
                                             967,512         23,985
     *
        Liberty    Media   Corp-Liberty      Formula    One  Class   A
                                             799,896         23,773
                                436/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Papa   John's   International      Inc.
                                             587,653         23,394
     *
        Liberty    Media   Corp-Liberty      Braves    Class    C 
                                             925,452         23,035
        EW  Scripps    Co.  Class   A
                                            1,445,947          22,745
     *
        Quotient    Technology      Inc.
                                            2,110,916          22,545
     *
        Genesco    Inc.
                                             505,442         22,391
     *
        Chefs'   Warehouse      Inc.
                                             675,534         21,604
     *
        Rent-A-Center       Inc.
                                            1,267,156          20,515
     *
        Diplomat     Pharmacy     Inc.
                                            1,474,123          19,842
     *
        Hertz   Global   Holdings    Inc.
                                            1,437,010          19,615
        Marcus    Corp.
                                             493,344         19,487
     ^
        Dillard's    Inc.  Class   A
                                             316,672         19,099
     *
        TrueCar    Inc.
                                            2,075,397          18,803
        Entercom     Communications        Corp.   Class   A
                                            3,243,547          18,521
     *,^
        Stitch   Fix  Inc.  Class   A
                                            1,073,618          18,348
        Weis   Markets    Inc.
                                             379,503         18,133
                                437/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Chico's    FAS  Inc.
                                            3,203,805          18,005
     *,^
        Trupanion     Inc.
                                             703,730         17,917
     *
        comScore     Inc.
                                            1,240,830          17,905
     *
        QuinStreet     Inc.
                                            1,100,702          17,864
     *
        Providence     Service    Corp.
                                             297,254         17,841
     *
        SP  Plus  Corp.
                                             574,305         16,965
        Tailored    Brands    Inc.
                                            1,243,081          16,956
        New  Media   Investment     Group   Inc.
                                            1,458,199          16,871
        Ruth's   Hospitality     Group   Inc.
                                             741,814         16,861
        AMC   Entertainment       Holdings    Inc.  Class   A
                                            1,359,183          16,691
     *
        Herc   Holdings    Inc.
                                             641,053         16,661
     *
        Liberty    Broadband     Corp.   Class   A
                                             223,832         16,073
     *
        Party   City  Holdco    Inc.
                                            1,533,160          15,301
     *
        Regis   Corp.
                                             880,203         14,919
        SpartanNash      Co.
                                             867,814         14,909
     ^
        Buckle    Inc.
                                             769,911         14,890
     *
        United   Natural    Foods   Inc.
                                            1,369,355          14,501
     *
        Care.com     Inc.
                                             716,002         13,826
     *
        PlayAGS     Inc.
                                             595,468         13,696
     *
        MarineMax      Inc.
                                             700,995         12,835
     *
        America's     Car-Mart     Inc.
                                             175,489         12,714
     *
        Boot   Barn   Holdings    Inc.
                                             746,272         12,709
     ^
        PetMed    Express    Inc.
                                             506,482         11,781
        National    CineMedia     Inc.
                                            1,803,937          11,690
     *
        American     Public   Education     Inc.
                                             390,828         11,123
     *
        Monarch    Casino   & Resort   Inc.
                                             284,298         10,843
     *
        Ascena    Retail   Group   Inc.
                                            4,295,186          10,781
        Shoe   Carnival    Inc.
                                             312,690         10,478
        Winmark     Corp.
                                             63,833         10,149
     *
        Career   Education     Corp.
                                             859,636          9,817
     *
        Zumiez    Inc.
                                             496,232          9,513
        Ingles   Markets    Inc.  Class   A
                                             348,858          9,496
     *
        Express    Inc.
                                            1,818,554           9,293
     *,^
        Conn's   Inc.
                                             489,045          9,223
     *
        Lindblad    Expeditions      Holdings    Inc.
                                             683,537          9,200
        Carriage    Services    Inc.  Class   A
                                             560,718          8,691
     *
        Carrols    Restaurant     Group   Inc.
                                             853,161          8,395
     *
        Fiesta   Restaurant     Group   Inc.
                                             532,247          8,255
        Haverty    Furniture     Cos.  Inc.
                                             437,988          8,225
     *
        El Pollo   Loco   Holdings    Inc.
                                             540,963          8,206
        Cato  Corp.   Class   A
                                             561,140          8,007
     *,^
        Lumber    Liquidators      Holdings    Inc.
                                             797,105          7,588
     *
        Upwork    Inc.
                                             412,105          7,463
     *
        Hibbett    Sports   Inc.
                                             516,617          7,388
     *
        Titan   Machinery     Inc.
                                             560,175          7,366
     *,^
        Duluth   Holdings    Inc.
                                             291,583          7,357
     *
        1-800-Flowers.com         Inc.  Class   A
                                             600,047          7,339
     *
        Golden    Entertainment       Inc.
                                             455,869          7,303
     *
        Del  Taco   Restaurants      Inc.
                                             726,097          7,254
                                438/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Bojangles'     Inc.
                                             435,698          7,006
     *
        Del  Frisco's    Restaurant     Group   Inc.
                                             950,191          6,794
        Citi  Trends    Inc.
                                             333,045          6,791
     *
        Liberty    Media   Corp-Liberty      Braves    Class   A
                                             266,340          6,643
        RCI  Hospitality     Holdings    Inc.
                                             295,309          6,594
     *
        Habit   Restaurants      Inc.  Class   A
                                             620,402          6,514
        News   Corp.   Class   B
                                             558,819          6,454
        Office   Depot   Inc.
                                            2,481,203           6,402
     *
        Drive   Shack   Inc.
                                            1,629,434           6,387
     *
        Century    Casinos    Inc.
                                             847,042          6,260
     *
        Clean   Energy    Fuels   Corp.
                                            3,446,186           5,927
        Nathan's    Famous    Inc.
                                             88,568         5,885
     *,^
        Daily   Journal    Corp.
                                             24,964         5,842
     *
        Potbelly    Corp.
                                             702,516          5,655
     *
        Reading    International      Inc.  Class   A
                                             386,999          5,627
                                439/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Tile  Shop   Holdings    Inc.
                                            1,013,318           5,553
        Tilly's   Inc.  Class   A
                                             510,057          5,539
     *
        TechTarget      Inc.
                                             450,373          5,499
        Clear   Channel    Outdoor    Holdings    Inc.  Class   A
                                            1,056,412           5,483
     *
        Bridgepoint      Education     Inc.  Class   A
                                             776,825          5,446
        Entravision      Communications        Corp.   Class   A
                                            1,828,760           5,322
     *
        Red  Lion  Hotels   Corp.
                                             640,254          5,250
     *
        Avid   Technology      Inc.
                                            1,085,188           5,155
     *,^
        Boston    Omaha    Corp.   Class   A
                                             218,549          5,114
        Village    Super   Market    Inc.  Class   A
                                             187,961          5,026
     *,^
        GNC   Holdings    Inc.  Class   A
                                            2,114,623           5,012
     *
        Hemisphere      Media   Group   Inc.  Class   A
                                             410,074          4,978
     *
        Tribune    Publishing     Co.
                                             436,424          4,949
     *
        PCM   Inc.
                                             278,137          4,898
        Sonic   Automotive      Inc.  Class   A
                                             344,780          4,744
     *
        Sportsman's      Warehouse      Holdings    Inc.
                                            1,019,460           4,465
        Speedway     Motorsports      Inc.
                                             271,158          4,412
     ^
        Natural    Health   Trends    Corp.
                                             238,051          4,402
     *
        At Home   Group   Inc.
                                             231,762          4,325
     *,^
        Noodles    & Co.  Class   A
                                             608,247          4,252
     *
        Natural    Grocers    by Vitamin    Cottage    Inc.
                                             276,338          4,236
     *
        MDC   Partners    Inc.  Class   A
                                            1,600,204           4,177
     *
        Kirkland's     Inc.
                                             420,434          4,007
        Saga   Communications        Inc.  Class   A
                                             117,114          3,892
     *
        Red  Robin   Gourmet    Burgers    Inc.
                                             136,465          3,646
     *,^
        Digital   Turbine    Inc.
                                            1,961,674           3,590
     *,^
        Overstock.com       Inc.
                                             258,584          3,512
     *,^
        Lands'   End  Inc.
                                             239,935          3,409
     *
        J Alexander's      Holdings    Inc.
                                             404,654          3,330
     *
        Gaia  Inc.  Class   A
                                             318,477          3,299
     *,^
        HF  Foods   Group   Inc.
                                             245,871          3,270
     *
        Leaf  Group   Ltd.
                                             470,537          3,223
     *
        Rubicon    Project    Inc.
                                             832,277          3,104
     *,^
        Fluent   Inc.
                                             851,887          3,067
     *
        Lee  Enterprises     Inc.
                                            1,404,374           2,963
     *,^
        Global   Eagle   Entertainment       Inc.
                                            1,236,770           2,758
     *
        Liquidity     Services    Inc.
                                             418,992          2,585
     *
        TheStreet     Inc.
                                            1,209,974           2,456
     *
        Mesa   Air  Group   Inc.
                                             314,455          2,424
     *
        Biglari   Holdings    Inc.
                                              3,736         2,196
     *
        Container     Store   Group   Inc.
                                             459,557          2,192
     *
        RTW   RetailWinds      Inc.
                                             742,939          2,103
     *
        Town   Sports   International      Holdings    Inc.
                                             297,132          1,902
     *
        Destination      XL  Group   Inc.
                                             789,746          1,714
     *
        Biglari   Holdings    Inc.  Class   B
                                             15,063         1,711
        A-Mark    Precious    Metals   Inc.
                                             140,198          1,653
        Peak   Resorts    Inc.
                                             339,567          1,589
     *
        RealNetworks       Inc.
                                             662,352          1,530
     *
        Vitamin    Shoppe    Inc.
                                             316,832          1,502
                                440/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Full  House   Resorts    Inc.
                                             633,724          1,280
     *,^
        Papa   Murphy's     Holdings    Inc.
                                             266,958          1,268
     *,^
        Dover   Downs    Gaming    & Entertainment       Inc.
                                             434,538          1,204
     *
        J. Jill  Inc.
                                             197,755          1,054
        Educational      Development       Corp.
                                             121,378          1,035
     *
        Eastside    Distilling     Inc.
                                             167,117          1,033
     *,^
        Fred's   Inc.  Class   A
                                             536,413          1,014
     *
        Travelzoo
                                             100,611           989
        Gaming    Partners    International      Corp.
                                             74,546          969
     *
        Urban   One  Inc.
                                             584,263           941
     ^
        Chicken    Soup   For  The  Soul  Entertainment       Inc.
                                             117,602           884
     *
        Good   Times   Restaurants      Inc.
                                             350,979           877
     *
        ONE   Group   Hospitality     Inc.
                                             280,313           861
        Dover   Motorsports      Inc.
                                             442,500           832
        Marchex    Inc.  Class   B
                                             301,676           799
                                441/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Select   Interior    Concepts     Inc.  Class   A
                                             105,442           793
     *,^
        McClatchy     Co.  Class   A
                                             101,542           777
        Ark  Restaurants      Corp.
                                             42,303          777
        AH  Belo  Corp.   Class   A
                                             227,017           765
     *,^
        Remark    Holdings    Inc.
                                             625,505           757
     *
        Nevada    Gold   & Casinos    Inc.
                                             316,555           753
        CSS  Industries     Inc.
                                             77,281          693
     *,^
        VistaGen     Therapeutics      Inc.
                                             382,270           573
     *
        Smart   & Final   Stores   Inc.
                                             117,503           557
     *,^
        JC  Penney    Co.  Inc.
                                             524,500           545
     *,^
        Famous    Dave's   of America    Inc.
                                             117,953           541
     *,^
        Interpace     Diagnostics      Group   Inc.
                                             622,538           498
     *
        Waitr   Holdings    Inc.
                                             43,849          489
     *,^
        Net  Element    Inc.
                                             84,460          483
     *
        Chuy's   Holdings    Inc.
                                             25,839          458
        Salem   Media   Group   Inc.  Class   A
                                             215,388           450
     *,^
        Valeritas     Holdings    Inc.
                                            1,380,580           449
     *
        Emmis    Communications        Corp.   Class   A
                                             139,651           446
        Canterbury     Park  Holding    Corp.
                                             31,705          441
     *
        Destination      Maternity     Corp.
                                             135,486           385
        Barnes   & Noble   Inc.
                                             54,038          383
        Collectors     Universe    Inc.
                                             30,516          347
     *,^
        Youngevity      International      Inc.
                                             59,632          341
     *
        Build-A-Bear       Workshop     Inc.
                                             82,050          324
     *,^
        Tuesday    Morning    Corp.
                                             190,533           324
        Townsquare      Media   Inc.  Class   A
                                             78,884          322
     *,^
        Sears   Hometown     and  Outlet   Stores   Inc.
                                             143,195           305
     *,^
        Social   Reality    Inc.
                                             148,260           302
        Value   Line  Inc.
                                              9,238         240
     *,^
        Stein   Mart   Inc.
                                             193,531           207
     *
        Diversified      Restaurant     Holdings    Inc.
                                             188,200           183
     *,^
        Purple   Innovation     Inc.
                                             27,138          160
     *,^
        Genius    Brands    International      Inc.
                                             68,896          148
     *
        Cumulus    Media   Inc.  Class   A
                                             12,241          132
     *
        Profire   Energy    Inc.
                                             80,670          117
     ^
        Stage   Stores   Inc.
                                             130,030           96
     *
        BioHiTech     Global   Inc.
                                             41,922           68
     *,^
        Kona   Grill  Inc.
                                             61,343           64
     ^
        FAT   Brands    Inc.
                                             12,218           57
     *
        EVINE    Live  Inc.
                                             136,245           54
        Harte-Hanks      Inc.
                                             12,046           29
     *
        Dolphin    Entertainment       Inc.
                                             37,619           29
        Haverty    Furniture     Cos.  Inc.  Class   A
                                              1,375          26
     *
        SG  Blocks   Inc.
                                              8,584          23
     *
        Inspired    Entertainment       Inc.
                                              4,644          22
     *,^
        LiveXLive     Media   Inc.
                                              4,009          20
     *
        Insignia    Systems    Inc.
                                              9,210          14
     *,^
        National    American     University     Holdings    Inc.
                                             69,425           13
     *,^
        Spark   Networks     SE  ADR
                                              1,099           9
                                442/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Viacom    Inc.  Class   A
                                               300          8
     *,§
        Universal     Travel   Group
                                             42,843           7
     *
        Live  Ventures     Inc.
                                               812          5
     *
        Urban   One  Inc.  Class   A
                                               950          2
     *
        YogaWorks      Inc.
                                              3,300           2
     *
        DGSE   Cos.  Inc.
                                              2,900           1
     *
        Ascent   Capital    Group   Inc.  Class   A
                                                        1
                                              2,801
                                                    90,710,181
     Financials     (19.3%)
     *
        Berkshire     Hathaway     Inc.  Class   B
                                           50,508,373         10,312,800
        JPMorgan     Chase   & Co.
                                           88,872,039         8,675,688
        Visa  Inc.  Class   A
                                           47,014,765         6,203,128
        Bank   of America    Corp.
                                           236,065,255          5,816,648
        Wells   Fargo   & Co.
                                           113,207,525          5,216,603
        Mastercard     Inc.  Class   A
                                           24,548,873         4,631,145
                                443/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Citigroup     Inc.
                                           65,271,677         3,398,044
        American     Tower   Corp.
                                           11,767,132         1,861,443
        CME   Group   Inc.
                                            9,556,227         1,797,717
        US  Bancorp
                                           38,911,037         1,778,234
        American     Express    Co.
                                           18,261,147         1,740,653
        Chubb   Ltd.
                                           11,698,938         1,511,269
        Goldman     Sachs   Group   Inc.
                                            8,942,253         1,493,803
        Simon   Property    Group   Inc.
                                            8,262,497         1,388,017
        Morgan    Stanley
                                           34,464,743         1,366,527
        Charles    Schwab    Corp.
                                           32,482,855         1,349,013
        PNC   Financial     Services    Group   Inc.
                                           11,116,783         1,299,663
        Crown   Castle   International      Corp.
                                           11,081,733         1,203,809
        BlackRock     Inc.
                                            2,950,064         1,158,844
        Intercontinental        Exchange     Inc.
                                           15,214,805         1,146,131
        S&P  Global   Inc.
                                            6,703,499         1,139,193
        Bank   of New  York   Mellon    Corp.
                                           23,771,507         1,118,925
        Marsh   & McLennan     Cos.  Inc.
                                           13,460,764         1,073,496
        Prologis    Inc.
                                           16,825,574          987,998
        Capital    One  Financial     Corp.
                                           12,655,544          956,633
        Progressive      Corp.
                                           15,585,809          940,292
        Aon  plc
                                            6,437,938         935,819
        American     International      Group   Inc.
                                           23,638,813          931,606
        Aflac   Inc.
                                           20,342,560          926,807
        Prudential     Financial     Inc.
                                           11,040,115          900,321
        BB&T   Corp.
                                           20,643,623          894,282
        Travelers     Cos.  Inc.
                                            7,076,477         847,408
        MetLife    Inc.
                                           19,780,238          812,177
        Public   Storage
                                            3,959,722         801,487
        Allstate    Corp.
                                            9,204,293         760,551
        Equinix    Inc.
                                            2,147,782         757,222
        Welltower     Inc.
                                           10,035,012          696,530
        Equity   Residential
                                            9,838,544         649,442
        AvalonBay      Communities      Inc.
                                            3,691,741         642,548
        Moody's    Corp.
                                            4,352,054         609,462
        State   Street   Corp.
                                            9,634,615         607,655
        SunTrust     Banks   Inc.
                                           12,042,206          607,409
        Digital   Realty   Trust   Inc.
                                            5,511,180         587,216
        T. Rowe   Price   Group   Inc.
                                            6,113,127         564,364
        Ventas    Inc.
                                            9,521,907         557,889
        Discover    Financial     Services
                                            8,981,964         529,756
        Realty   Income    Corp.
                                            7,873,536         496,348
     *
        SBA   Communications        Corp.   Class   A
                                            3,026,443         489,951
        M&T   Bank   Corp.
                                            3,394,585         485,867
        Northern    Trust   Corp.
                                            5,623,070         470,032
        Boston    Properties     Inc.
                                            4,128,446         464,657
     *
        IHS  Markit   Ltd.
                                            9,472,664         454,404
        Weyerhaeuser       Co.
                                           20,028,509          437,823
        Essex   Property    Trust   Inc.
                                            1,764,407         432,650
        Hartford    Financial     Services    Group   Inc.
                                            9,594,955         426,496
                                444/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Fifth   Third   Bancorp
                                           17,622,562          414,659
        KeyCorp
                                           27,736,874          409,951
        Synchrony     Financial
                                           17,296,864          405,784
        Ameriprise     Financial     Inc.
                                            3,722,859         388,555
     *
        First  Republic    Bank
                                            4,419,133         384,023
        Citizens    Financial     Group   Inc.
                                           12,566,128          373,591
        Regions    Financial     Corp.
                                           27,719,617          370,888
        TD  Ameritrade      Holding    Corp.
                                            7,527,371         368,540
     *
        Markel    Corp.
                                             352,708         366,129
        Arthur   J Gallagher     & Co.
                                            4,909,929         361,862
        HCP   Inc.
                                           12,555,001          350,661
     *
        CBRE   Group   Inc.  Class   A
                                            8,634,713         345,734
        Annaly    Capital    Management      Inc.
                                           34,966,461          343,371
        Huntington      Bancshares      Inc.
                                           28,533,672          340,121
        Principal    Financial     Group   Inc.
                                            7,560,379         333,942
                                445/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Alexandria     Real  Estate   Equities    Inc.
                                            2,874,902         331,304
        Host  Hotels   & Resorts    Inc.
                                           19,795,220          329,986
        MSCI   Inc.  Class   A
                                            2,231,938         329,055
        Cincinnati     Financial     Corp.
                                            4,138,669         320,416
     *
        Berkshire     Hathaway     Inc.  Class   A
                                              1,034       316,404
        Loews   Corp.
                                            6,733,676         306,517
        Equifax    Inc.
                                            3,223,623         300,216
        Comerica     Inc.
                                            4,355,109         299,152
        E*TRADE     Financial     Corp.
                                            6,786,071         297,773
        Cboe   Global   Markets    Inc.
                                            2,993,922         292,895
        Lincoln    National    Corp.
                                            5,706,649         292,808
        Mid-America       Apartment     Communities      Inc.
                                            3,039,549         290,885
        UDR   Inc.
                                            7,338,767         290,762
        Extra   Space   Storage    Inc.
                                            3,203,870         289,886
        Vornado    Realty   Trust
                                            4,583,164         284,294
        WP  Carey   Inc.
                                            4,282,862         279,842
     *
        Arch   Capital    Group   Ltd.
                                           10,274,873          274,545
     *
        SVB   Financial     Group
                                            1,422,106         270,086
        KKR   & Co.  Inc.  Class   A
                                           13,394,309          262,930
        Raymond     James   Financial     Inc.
                                            3,435,383         255,627
        Regency    Centers    Corp.
                                            4,294,881         252,024
        Nasdaq    Inc.
                                            3,062,951         249,845
        Ally  Financial     Inc.
                                           10,988,664          249,003
        Duke   Realty   Corp.
                                            9,553,632         247,439
        Iron  Mountain     Inc.
                                            7,623,179         247,067
        AGNC    Investment     Corp.
                                           13,997,697          245,520
        Everest    Re  Group   Ltd.
                                            1,082,637         235,755
        Alleghany     Corp.
                                             376,736         234,827
        Reinsurance      Group   of America    Inc.  Class   A
                                            1,674,537         234,820
        Federal    Realty   Investment     Trust
                                            1,971,226         232,684
        Franklin    Resources     Inc.
                                            7,519,550         223,030
        Sun  Communities      Inc.
                                            2,185,010         222,237
        Fidelity    National    Financial     Inc.
                                            6,975,126         219,298
        Camden    Property    Trust
                                            2,474,396         217,871
        Zions   Bancorp    NA
                                            5,162,224         210,309
        Equity   LifeStyle     Properties     Inc.
                                            2,155,119         209,327
        National    Retail   Properties     Inc.
                                            4,220,276         204,726
        MarketAxess      Holdings    Inc.
                                             953,862         201,561
        Western    Union   Co.
                                           11,772,763          200,843
        Torchmark     Corp.
                                            2,690,220         200,502
        Omega    Healthcare     Investors     Inc.
                                            5,331,748         187,411
        VEREIT    Inc.
                                           25,647,463          183,379
        Invesco    Ltd.
                                           10,949,349          183,292
        SL  Green   Realty   Corp.
                                            2,315,568         183,115
        WR  Berkley    Corp.
                                            2,451,565         181,195
        Apartment     Investment     & Management      Co.
                                            4,128,767         181,170
        Brown   & Brown   Inc.
                                            6,343,043         174,814
        Gaming    and  Leisure    Properties     Inc.
                                            5,405,229         174,643
        Kilroy   Realty   Corp.
                                            2,749,841         172,910
                                446/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        SEI  Investments      Co.
                                            3,738,465         172,717
        Unum   Group
                                            5,831,434         171,328
        East  West   Bancorp    Inc.
                                            3,924,260         170,823
     *
        Black   Knight   Inc.
                                            3,788,035         170,689
        Voya   Financial     Inc.
                                            4,145,388         166,396
     *
        Athene    Holding    Ltd.  Class   A
                                            4,174,883         166,286
        Liberty    Property    Trust
                                            3,928,282         164,516
        Macerich     Co.
                                            3,756,259         162,571
        American     Financial     Group   Inc.
                                            1,790,027         162,051
        Old  Republic    International      Corp.
                                            7,679,716         157,972
        Lamar   Advertising      Co.  Class   A
                                            2,265,390         156,720
        Kimco   Realty   Corp.
                                           10,659,151          156,157
        Medical    Properties     Trust   Inc.
                                            9,674,348         155,564
        Invitation     Homes    Inc.
                                            7,656,328         153,739
        Jones   Lang   LaSalle    Inc.
                                            1,212,308         153,478
                                447/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Commerce     Bancshares      Inc.
                                            2,705,003         152,481
        American     Campus    Communities      Inc.
                                            3,651,196         151,123
        CyrusOne     Inc.
                                            2,820,968         149,173
        People's    United   Financial     Inc.
                                           10,294,052          148,543
        Douglas    Emmett    Inc.
                                            4,311,756         147,160
        VICI   Properties     Inc.
                                            7,820,577         146,870
        RenaissanceRe       Holdings    Ltd.
                                            1,076,431         143,919
        STORE    Capital    Corp.
                                            5,071,543         143,575
        CubeSmart
                                            4,958,530         142,260
        Signature     Bank
                                            1,363,407         140,172
        Healthcare     Trust   of America    Inc.  Class   A
                                            5,518,689         139,678
        Park  Hotels   & Resorts    Inc.
                                            5,348,655         138,958
        Cullen/Frost      Bankers    Inc.
                                            1,567,127         137,813
        New  Residential     Investment     Corp.
                                            9,687,978         137,666
        Affiliated     Managers     Group   Inc.
                                            1,406,739         137,073
        Starwood     Property    Trust   Inc.
                                            6,940,996         136,807
        LPL  Financial     Holdings    Inc.
                                            2,197,158         134,202
        American     Homes    4 Rent  Class   A
                                            6,677,704         132,552
        Hanover    Insurance     Group   Inc.
                                            1,131,738         132,153
     *
        Credit   Acceptance      Corp.
                                             335,533         128,093
        Lazard   Ltd.  Class   A
                                            3,452,586         127,435
        Popular    Inc.
                                            2,695,858         127,298
        First  American     Financial     Corp.
                                            2,828,918         126,283
        EPR  Properties
                                            1,968,188         126,023
        Assurant    Inc.
                                            1,406,416         125,790
        Webster    Financial     Corp.
                                            2,497,931         123,123
        Hudson    Pacific    Properties     Inc.
                                            4,167,705         121,114
        Brixmor    Property    Group   Inc.
                                            7,986,589         117,323
        New  York   Community      Bancorp    Inc.
                                           12,439,089          117,052
        First  Horizon    National    Corp.
                                            8,799,075         115,796
        Life  Storage    Inc.
                                            1,238,394         115,158
        Prosperity     Bancshares      Inc.
                                            1,821,700         113,492
        Primerica     Inc.
                                            1,146,902         112,064
        PacWest    Bancorp
                                            3,293,140         109,596
        CIT  Group   Inc.
                                            2,856,739         109,327
        Axis  Capital    Holdings     Ltd.
                                            2,113,911         109,162
     *
        GCI  Liberty    Inc.  Class   A
                                            2,615,041         107,635
        Highwoods      Properties     Inc.
                                            2,742,684         106,114
     *
        Howard    Hughes    Corp.
                                            1,078,901         105,322
        Interactive     Brokers    Group   Inc.
                                            1,907,551         104,248
        Eaton   Vance   Corp.
                                            2,956,508         104,010
        Assured    Guaranty     Ltd.
                                            2,693,231         103,097
        Wintrust    Financial     Corp.
                                            1,544,673         102,705
     *
        Western    Alliance    Bancorp
                                            2,588,074         102,203
     *
        MGIC   Investment     Corp.
                                            9,694,361         101,403
     ^
        First  Financial     Bankshares      Inc.
                                            1,753,151         101,139
        JBG  SMITH    Properties
                                            2,896,303         100,820
     *
        Green   Dot  Corp.   Class   A
                                            1,261,550         100,318
        Sterling    Bancorp
                                            6,041,480          99,745
                                448/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Hospitality     Properties     Trust
                                            4,157,694          99,286
        Pebblebrook      Hotel   Trust
                                            3,503,683          99,189
     *
        Brighthouse      Financial     Inc.
                                            3,173,589          96,731
        Blackstone     Mortgage     Trust   Inc.  Class   A
                                            3,012,233          95,970
        First  Industrial     Realty   Trust   Inc.
                                            3,316,269          95,708
        Umpqua    Holdings    Corp.
                                            5,989,758          95,237
        Healthcare     Realty   Trust   Inc.
                                            3,335,446          94,860
        Rayonier    Inc.
                                            3,403,494          94,243
        Selective     Insurance     Group   Inc.
                                            1,536,887          93,658
        IBERIABANK       Corp.
                                            1,456,092          93,598
        Radian    Group   Inc.
                                            5,717,991          93,546
        AXA   Equitable     Holdings    Inc.
                                            5,616,247          93,398
        Janus   Henderson     Group   plc
                                            4,496,295          93,163
        Synovus    Financial     Corp.
                                            2,890,102          92,454
        Equity   Commonwealth
                                            3,055,359          91,691
                                449/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Kemper    Corp.
                                            1,379,100          91,545
        Pinnacle    Financial     Partners    Inc.
                                            1,964,539          90,565
        Associated     Banc-Corp
                                            4,528,389          89,617
        FNB   Corp.
                                            8,963,502          88,201
        Cousins    Properties     Inc.
                                           11,090,943           87,618
        Erie  Indemnity     Co.  Class   A
                                             643,555         85,792
     *
        Essent   Group   Ltd.
                                            2,496,961          85,346
        CoreSite    Realty   Corp.
                                             975,731         85,113
        Glacier    Bancorp    Inc.
                                            2,147,769          85,095
        Two  Harbors    Investment     Corp.
                                            6,568,457          84,339
        EastGroup     Properties     Inc.
                                             916,200         84,043
        MB  Financial     Inc.
                                            2,115,187          83,825
     *,^
        Zillow   Group   Inc.
                                            2,653,133          83,786
        BankUnited      Inc.
                                            2,791,482          83,577
        Chimera    Investment     Corp.
                                            4,680,216          83,401
        United   Bankshares      Inc.
                                            2,654,042          82,567
        Apple   Hospitality     REIT   Inc.
                                            5,766,668          82,233
        Ryman    Hospitality     Properties     Inc.
                                            1,228,598          81,935
        National    Health   Investors     Inc.
                                            1,066,541          80,567
        Weingarten      Realty   Investors
                                            3,234,714          80,253
        Spirit   Realty   Capital    Inc.
                                            2,273,985          80,158
        FirstCash     Inc.
                                            1,107,896          80,156
        TCF  Financial     Corp.
                                            4,090,535          79,725
        Community      Bank   System    Inc.
                                            1,359,878          79,281
        MFA   Financial     Inc.
                                           11,863,564           79,249
        Hancock    Whitney    Corp.
                                            2,282,968          79,105
        Sunstone    Hotel   Investors     Inc.
                                            6,064,451          78,899
        Sabra   Health   Care  REIT   Inc.
                                            4,726,543          77,893
        Physicians     Realty   Trust
                                            4,835,677          77,516
        Bank   of Hawaii    Corp.
                                            1,140,504          76,779
        RLJ  Lodging    Trust
                                            4,658,890          76,406
        Valley   National    Bancorp
                                            8,569,268          76,095
        Bank   OZK
                                            3,287,283          75,049
        RLI  Corp.
                                            1,087,121          75,000
        Fulton   Financial     Corp.
                                            4,829,812          74,765
        UMB   Financial     Corp.
                                            1,215,226          74,092
        Senior   Housing    Properties     Trust
                                            6,304,534          73,889
        Stifel   Financial     Corp.
                                            1,777,851          73,639
        Rexford    Industrial     Realty   Inc.
                                            2,461,319          72,535
        STAG   Industrial     Inc.
                                            2,878,977          71,629
        Cathay    General    Bancorp
                                            2,116,004          70,950
        Paramount     Group   Inc.
                                            5,611,958          70,486
        Columbia     Banking    System    Inc.
                                            1,940,264          70,412
        Uniti   Group   Inc.
                                            4,516,529          70,322
        Taubman     Centers    Inc.
                                            1,541,219          70,110
        Chemical     Financial     Corp.
                                            1,910,059          69,927
     *
        Texas   Capital    Bancshares      Inc.
                                            1,354,364          69,194
        Home   BancShares      Inc.
                                            4,220,120          68,957
        Investors     Bancorp    Inc.
                                            6,569,047          68,318
                                450/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        BancorpSouth       Bank
                                            2,594,962          67,832
     *
        Zillow   Group   Inc.  Class   A
                                            2,149,800          67,568
        Outfront    Media   Inc.
                                            3,720,999          67,425
        First  Hawaiian     Inc.
                                            2,973,726          66,939
        Aspen   Insurance     Holdings    Ltd.
                                            1,583,410          66,487
        PS  Business    Parks   Inc.
                                             506,727         66,381
        CNO   Financial     Group   Inc.
                                            4,398,178          65,445
        Evercore    Inc.  Class   A
                                             913,987         65,405
        Empire    State   Realty   Trust   Inc.
                                            4,590,678          65,325
        White   Mountains     Insurance     Group   Ltd.
                                             75,921         65,117
        Americold     Realty   Trust
                                            2,541,984          64,922
        Federated     Investors     Inc.  Class   B
                                            2,402,666          63,791
        American     Equity   Investment     Life  Holding    Co.
                                            2,276,532          63,606
        Old  National    Bancorp
                                            4,051,838          62,398
     *
        SLM   Corp.
                                            7,490,119          62,243
                                451/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        CVB   Financial     Corp.
                                            3,068,595          62,078
     *
        Genworth     Financial     Inc.  Class   A
                                           13,316,927           62,057
        Retail   Properties     of America    Inc.
                                            5,718,205          62,043
        Corporate     Office   Properties     Trust
                                            2,896,215          60,907
        GEO   Group   Inc.
                                            3,088,094          60,835
        Brandywine      Realty   Trust
                                            4,707,895          60,591
        BOK   Financial     Corp.
                                             826,095         60,578
        Piedmont     Office   Realty   Trust   Inc.  Class   A
                                            3,548,577          60,468
        Navient    Corp.
                                            6,846,902          60,321
        Washington      Federal    Inc.
                                            2,252,960          60,177
        Kennedy-Wilson        Holdings    Inc.
                                            3,298,677          59,937
        First  Citizens    BancShares      Inc.  Class   A
                                             158,917         59,920
        Columbia     Property    Trust   Inc.
                                            3,079,602          59,590
        South   State   Corp.
                                             986,294         59,128
        Apollo   Commercial      Real  Estate   Finance    Inc.
                                            3,523,469          58,701
        First  Financial     Bancorp
                                            2,456,549          58,269
        Legg   Mason   Inc.
                                            2,277,568          58,101
        Colony    Capital    Inc.
                                           12,368,946           57,887
        Brookfield     Property    REIT   Inc.  Class   A
                                            3,503,648          56,409
        Argo   Group   International      Holdings    Ltd.
                                             838,709         56,403
        ProAssurance       Corp.
                                            1,388,892          56,333
        CoreCivic     Inc.
                                            3,155,625          56,265
        Terreno    Realty   Corp.
                                            1,571,005          55,252
        First  Midwest    Bancorp    Inc.
                                            2,767,871          54,832
        PotlatchDeltic       Corp.
                                            1,711,986          54,167
        Simmons     First  National    Corp.   Class   A
                                            2,244,504          54,160
        Acadia    Realty   Trust
                                            2,168,556          51,525
        CenterState      Bank   Corp.
                                            2,435,121          51,235
        International      Bancshares      Corp.
                                            1,486,462          51,134
        Xenia   Hotels   & Resorts    Inc.
                                            2,966,857          51,030
        Agree   Realty   Corp.
                                             862,302         50,979
        Santander     Consumer     USA   Holdings    Inc.
                                            2,896,954          50,957
        First  BanCorp
                                            5,871,087          50,491
        QTS  Realty   Trust   Inc.  Class   A
                                            1,356,968          50,276
        Tanger    Factory    Outlet   Centers    Inc.
                                            2,476,338          50,072
        DiamondRock       Hospitality     Co.
                                            5,464,242          49,615
        Great   Western    Bancorp    Inc.
                                            1,583,239          49,476
        Independent      Bank   Corp.
                                             701,594         49,329
     *
        OneMain     Holdings    Inc.
                                            2,006,609          48,741
        Trustmark     Corp.
                                            1,711,688          48,663
        WesBanco     Inc.
                                            1,324,828          48,608
        Washington      REIT
                                            2,105,002          48,415
        Urban   Edge   Properties
                                            2,896,238          48,135
        Four  Corners    Property    Trust   Inc.
                                            1,823,570          47,778
        Union   Bankshares      Corp.
                                            1,690,089          47,711
        Retail   Opportunity      Investments      Corp.
                                            2,994,187          47,548
        Navigators     Group   Inc.
                                             679,411         47,212
        Lexington     Realty   Trust
                                            5,666,525          46,522
     ^
        Realogy    Holdings    Corp.
                                            3,156,803          46,342
                                452/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Banner    Corp.
                                             864,965         46,258
     *,^
        LendingTree      Inc.
                                             206,515         45,345
        Mack-Cali     Realty   Corp.
                                            2,270,447          44,478
     *
        Eagle   Bancorp    Inc.
                                             898,518         43,767
        United   Community      Banks   Inc.
                                            2,023,002          43,414
        Virtu   Financial     Inc.  Class   A
                                            1,684,529          43,393
        LTC   Properties     Inc.
                                            1,040,001          43,347
        First  Merchants     Corp.
                                            1,258,999          43,146
        Invesco    Mortgage     Capital    Inc.
                                            2,905,926          42,078
        Moelis   & Co.  Class   A
                                            1,214,021          41,738
     *
        Enstar   Group   Ltd.
                                             247,912         41,543
        SITE   Centers    Corp.
                                            3,751,130          41,525
     *
        FCB  Financial     Holdings    Inc.  Class   A
                                            1,230,864          41,332
        Northwest     Bancshares      Inc.
                                            2,433,551          41,224
        CareTrust     REIT   Inc.
                                            2,218,950          40,962
                                453/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Capitol    Federal    Financial     Inc.
                                            3,180,231          40,612
        Hope   Bancorp    Inc.
                                            3,394,979          40,264
        National    Storage    Affiliates     Trust
                                            1,502,218          39,749
        National    General    Holdings    Corp.
                                            1,638,542          39,669
     *
        Pacific    Premier    Bancorp    Inc.
                                            1,554,159          39,662
        LegacyTexas       Financial     Group   Inc.
                                            1,232,263          39,543
        Chesapeake      Lodging    Trust
                                            1,607,829          39,151
        Towne    Bank
                                            1,625,892          38,940
        American     Assets   Trust   Inc.
                                             963,867         38,719
        Horace    Mann   Educators     Corp.
                                            1,024,132          38,354
        Mercury    General    Corp.
                                             737,736         38,148
        Renasant    Corp.
                                            1,257,880          37,963
        Ladder    Capital    Corp.   Class   A
                                            2,450,821          37,914
        ServisFirst     Bancshares      Inc.
                                            1,174,768          37,440
        Westamerica      Bancorporation
                                             672,288         37,433
        BGC   Partners    Inc.  Class   A
                                            7,156,912          37,001
     *
        Axos   Financial     Inc.
                                            1,467,554          36,953
        NBT   Bancorp    Inc.
                                            1,047,300          36,226
        Ameris    Bancorp
                                            1,132,497          35,866
        Provident     Financial     Services    Inc.
                                            1,486,039          35,858
        Waddell    & Reed   Financial     Inc.  Class   A
                                            1,980,960          35,816
        Heartland     Financial     USA   Inc.
                                             804,597         35,362
        Global   Net  Lease   Inc.
                                            1,999,516          35,231
        Cadence    BanCorp    Class   A
                                            2,091,215          35,091
        Ares  Management      Corp.
                                            1,951,115          34,691
        Colony    Credit   Real  Estate   Inc.
                                            2,147,454          33,908
     ^
        Industrial     Logistics    Properties     Trust
                                            1,714,265          33,720
        Employers     Holdings    Inc.
                                             799,874         33,571
        Walker    & Dunlop    Inc.
                                             774,072         33,479
        Hilltop    Holdings     Inc.
                                            1,877,119          33,469
     *
        PennyMac     Financial     Services    Inc.
                                            1,542,073          32,784
     *
        Alexander     & Baldwin    Inc.
                                            1,775,193          32,628
        First  Commonwealth        Financial     Corp.
                                            2,699,557          32,611
        Redwood     Trust   Inc.
                                            2,144,819          32,322
        Houlihan     Lokey   Inc.  Class   A
                                             869,858         32,011
        S&T   Bancorp    Inc.
                                             841,135         31,829
        First  Interstate     BancSystem      Inc.  Class   A
                                             866,707         31,687
        HFF  Inc.  Class   A
                                             946,781         31,395
        WSFS   Financial     Corp.
                                             827,969         31,388
     *
        Seacoast    Banking    Corp.   of Florida
                                            1,204,699          31,346
        Newmark     Group   Inc.  Class   A
                                            3,896,210          31,248
        Clearway     Energy    Inc.
                                            1,793,789          30,943
     *
        NMI   Holdings    Inc.  Class   A
                                            1,729,880          30,878
        Universal     Insurance     Holdings    Inc.
                                             808,354         30,653
        Kite  Realty   Group   Trust
                                            2,162,014          30,463
        Kearny    Financial     Corp.
                                            2,372,114          30,411
        United   Fire  Group   Inc.
                                             538,827         29,878
        Hannon    Armstrong     Sustainable      Infrastructure       Capital    Inc.
                                            1,564,396          29,802
     *
        Cannae    Holdings    Inc.
                                            1,729,439          29,608
                                454/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Artisan    Partners    Asset   Management      Inc.  Class   A
                                            1,327,743          29,356
        Tier  REIT   Inc.
                                            1,422,108          29,338
        Safety   Insurance     Group   Inc.
                                             356,620         29,175
        Park  National    Corp.
                                             337,344         28,657
        PennyMac     Mortgage     Investment     Trust
                                            1,527,296          28,438
        Monmouth     Real  Estate   Investment     Corp.
                                            2,290,363          28,401
        City  Holding    Co.
                                             410,240         27,728
     *
        LendingClub      Corp.
                                           10,506,764           27,633
        American     National    Insurance     Co.
                                             217,119         27,626
     *
        PRA   Group   Inc.
                                            1,129,523          27,526
     ^
        American     Finance    Trust   Inc.
                                            2,064,094          27,494
        AMERISAFE       Inc.
                                             481,971         27,323
        Tompkins     Financial     Corp.
                                             364,055         27,308
     ^
        Seritage    Growth    Properties     Class   A
                                             837,465         27,075
        Kinsale    Capital    Group   Inc.
                                             486,748         27,044
                                455/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Berkshire     Hills   Bancorp    Inc.
                                             995,476         26,848
        First  Busey   Corp.
                                            1,082,806          26,572
        James   River   Group   Holdings    Ltd.
                                             714,694         26,115
        Summit    Hotel   Properties     Inc.
                                            2,674,055          26,019
        Heritage    Financial     Corp.
                                             868,083         25,799
        Getty   Realty   Corp.
                                             873,351         25,685
        Sandy   Spring   Bancorp    Inc.
                                             818,984         25,667
        Easterly    Government      Properties     Inc.
                                            1,629,223          25,546
        Brookline     Bancorp    Inc.
                                            1,837,756          25,398
     *
        Cushman     & Wakefield     plc
                                            1,740,911          25,191
        Investment     Technology      Group   Inc.
                                             825,024         24,949
        Beneficial     Bancorp    Inc.
                                            1,711,563          24,458
        TFS  Financial     Corp.
                                            1,510,619          24,366
        Southside     Bancshares      Inc.
                                             766,872         24,348
        Lakeland     Financial     Corp.
                                             604,133         24,262
        First  Bancorp
                                             741,741         24,225
        Piper   Jaffray    Cos.
                                             365,127         24,040
     *,^
        Redfin   Corp.
                                            1,647,740          23,727
     *
        FGL  Holdings
                                            3,558,951          23,703
        RPT  Realty
                                            1,981,988          23,685
        Washington      Prime   Group   Inc.
                                            4,868,688          23,662
        Stewart    Information      Services    Corp.
                                             566,785         23,465
        New  York   Mortgage     Trust   Inc.
                                            3,964,674          23,352
        TPG  RE  Finance    Trust   Inc.
                                            1,262,700          23,082
        Boston    Private    Financial     Holdings    Inc.
                                            2,163,262          22,866
        TriCo   Bancshares
                                             673,886         22,771
        OceanFirst     Financial     Corp.
                                             988,702         22,256
        WisdomTree      Investments      Inc.
                                            3,345,205          22,246
        Independent      Bank   Group   Inc.
                                             485,735         22,232
     *
        Mr  Cooper    Group   Inc.
                                            1,899,690          22,169
        National    Bank   Holdings    Corp.   Class   A
                                             714,991         22,072
        BancFirst     Corp.
                                             438,680         21,890
        Independence       Realty   Trust   Inc.
                                            2,363,367          21,696
        Chatham    Lodging    Trust
                                            1,217,811          21,531
        State   Bank   Financial     Corp.
                                             997,262         21,531
        OFG   Bancorp
                                            1,306,532          21,506
        InfraREIT     Inc.
                                            1,022,899          21,501
     *
        Third   Point   Reinsurance      Ltd.
                                            2,220,374          21,404
        ARMOUR     Residential     REIT   Inc.
                                            1,032,618          21,169
        Enterprise     Financial     Services    Corp.
                                             544,461         20,488
     *
        Ambac    Financial     Group   Inc.
                                            1,184,413          20,419
     *
        Flagstar    Bancorp    Inc.
                                             770,112         20,331
     *,^
        MBIA   Inc.
                                            2,272,557          20,271
        Universal     Health   Realty   Income    Trust
                                             324,715         19,928
        Granite    Point   Mortgage     Trust   Inc.
                                            1,079,663          19,466
        PJT  Partners    Inc.
                                             487,972         18,914
        Armada    Hoffler    Properties     Inc.
                                            1,339,711          18,836
        Arbor   Realty   Trust   Inc.
                                            1,866,357          18,794
     *
        World   Acceptance      Corp.
                                             182,351         18,647
                                456/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Marcus    & Millichap     Inc.
                                             540,305         18,549
        United   Financial     Bancorp    Inc.
                                            1,256,563          18,471
     *
        eHealth    Inc.
                                             480,153         18,447
     *,^
        Encore    Capital    Group   Inc.
                                             770,303         18,102
        Cohen   & Steers   Inc.
                                             526,316         18,063
        Nelnet   Inc.  Class   A
                                             337,635         17,672
        Central    Pacific    Financial     Corp.
                                             724,000         17,629
        NexPoint     Residential     Trust   Inc.
                                             502,471         17,612
        Meta   Financial     Group   Inc.
                                             901,297         17,476
     *
        Triumph    Bancorp    Inc.
                                             586,990         17,434
        Meridian    Bancorp    Inc.
                                            1,211,930          17,355
        Select   Income    REIT
                                            2,357,859          17,354
        Hersha    Hospitality     Trust   Class   A
                                             979,960         17,189
        Alexander's      Inc.
                                             55,943         17,048
        Lakeland     Bancorp    Inc.
                                            1,148,531          17,010
                                457/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Clearway     Energy    Inc.  Class   A
                                             997,692         16,881
        Stock   Yards   Bancorp    Inc.
                                             511,307         16,771
        Washington      Trust   Bancorp    Inc.
                                             352,140         16,737
        National    Western    Life  Group   Inc.  Class   A
                                             55,028         16,547
        Bryn   Mawr   Bank   Corp.
                                             478,581         16,463
        FBL  Financial     Group   Inc.  Class   A
                                             249,643         16,389
        Carolina    Financial     Corp.
                                             545,284         16,135
     *
        Columbia     Financial     Inc.
                                            1,054,952          16,130
        Amalgamated       Bank   Class   A
                                             826,909         16,125
        Hamilton     Lane   Inc.  Class   A
                                             430,049         15,912
        Capstead    Mortgage     Corp.
                                            2,385,028          15,908
        TrustCo    Bank   Corp.   NY
                                            2,303,079          15,799
        Investors     Real  Estate   Trust
                                             319,112         15,659
     *
        National    Commerce     Corp.
                                             431,113         15,520
        Saul  Centers    Inc.
                                             325,533         15,372
        Urstadt    Biddle   Properties     Inc.  Class   A
                                             796,328         15,305
        Banc   of California     Inc.
                                            1,144,952          15,239
     *
        Enova   International      Inc.
                                             782,084         15,219
        Hanmi   Financial     Corp.
                                             766,901         15,108
        Preferred     Apartment     Communities      Inc.  Class   A
                                            1,054,708          14,829
        Univest    Corp.   of Pennsylvania
                                             686,652         14,811
        Community      Trust   Bancorp    Inc.
                                             373,578         14,797
     *
        Allegiance     Bancshares      Inc.
                                             456,248         14,769
        iStar  Inc.
                                            1,609,964          14,763
        State   Auto   Financial     Corp.
                                             430,615         14,658
        Gladstone     Commercial      Corp.
                                             809,849         14,513
        Oritani    Financial     Corp.
                                             982,982         14,499
        Community      Healthcare     Trust   Inc.
                                             500,584         14,432
        Fidelity    Southern    Corp.
                                             552,164         14,367
        Flushing    Financial     Corp.
                                             658,776         14,183
        Virtus   Investment     Partners    Inc.
                                             177,557         14,103
        Dynex   Capital    Inc.
                                            2,462,819          14,087
        ConnectOne      Bancorp    Inc.
                                             762,036         14,075
        Northfield     Bancorp    Inc.
                                            1,036,121          14,039
        Horizon    Bancorp    Inc.
                                             888,504         14,021
        German    American     Bancorp    Inc.
                                             492,994         13,690
        KKR   Real  Estate   Finance    Trust   Inc.
                                             712,122         13,637
        Cherry   Hill  Mortgage     Investment     Corp.
                                             776,802         13,625
        RE/MAX     Holdings    Inc.  Class   A
                                             442,364         13,603
     *
        Customers     Bancorp    Inc.
                                             744,019         13,541
        FB  Financial     Corp.
                                             385,596         13,504
     *
        INTL.   FCStone    Inc.
                                             368,484         13,479
     *
        HomeStreet      Inc.
                                             634,778         13,476
     *
        Focus   Financial     Partners    Inc.  Class   A
                                             507,971         13,375
        Camden    National    Corp.
                                             368,066         13,239
     *
        St.  Joe  Co.
                                             972,227         12,804
        Bank   of Marin   Bancorp
                                             308,750         12,733
        Blue  Hills   Bancorp    Inc.
                                             590,770         12,607
        Great   Southern    Bancorp    Inc.
                                             273,528         12,591
                                458/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Dime   Community      Bancshares     Inc.
                                             739,946         12,564
        Whitestone      REIT
                                            1,020,362          12,510
        Peoples    Bancorp    Inc.
                                             412,804         12,425
     *
        TriState    Capital    Holdings    Inc.
                                             637,142         12,399
     *
        Veritex    Holdings     Inc.
                                             575,911         12,313
        Essential    Properties     Realty   Trust   Inc.
                                             881,248         12,196
        Jernigan    Capital    Inc.
                                             611,049         12,111
        People's    Utah   Bancorp
                                             400,875         12,086
        Diamond     Hill  Investment     Group   Inc.
                                             80,537         12,036
     ^
        CBTX   Inc.
                                             408,356         12,006
     *
        Willscot    Corp.   Class   A
                                            1,270,417          11,967
        Guaranty     Bancorp
                                             573,556         11,901
     *
        Equity   Bancshares      Inc.  Class   A
                                             336,170         11,850
        First  Community      Bankshares      Inc.
                                             368,033         11,586
        Exantas    Capital    Corp.
                                            1,141,934          11,442
                                459/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     ^
        Innovative     Industrial     Properties     Inc.
                                             251,136         11,399
        Federal    Agricultural      Mortgage     Corp.
                                             188,345         11,384
     *
        First  Foundation      Inc.
                                             876,479         11,272
        Western    New  England    Bancorp    Inc.
                                            1,112,193          11,166
        Bridge   Bancorp    Inc.
                                             436,514         11,127
        RMR   Group   Inc.  Class   A
                                             207,064         10,991
        AG  Mortgage     Investment     Trust   Inc.
                                             687,937         10,959
        Green   Bancorp    Inc.
                                             638,053         10,936
        First  Defiance    Financial     Corp.
                                             442,359         10,842
        Opus   Bank
                                             553,005         10,833
        Independent      Bank   Corp.
                                             512,551         10,774
        First  of Long   Island   Corp.
                                             538,407         10,741
        Heritage    Commerce     Corp.
                                             942,902         10,693
        Mercantile     Bank   Corp.
                                             378,059         10,684
        HomeTrust      Bancshares      Inc.
                                             406,983         10,655
        HCI  Group   Inc.
                                             208,584         10,598
        CorEnergy     Infrastructure       Trust   Inc.
                                             320,047         10,587
        City  Office   REIT   Inc.
                                            1,031,536          10,573
        First  Financial     Corp.
                                             261,780         10,510
        QCR   Holdings    Inc.
                                             327,012         10,494
        UMH   Properties     Inc.
                                             886,061         10,491
        Waterstone      Financial     Inc.
                                             624,171         10,461
        Retail   Value   Inc.
                                             405,762         10,383
        Ashford    Hospitality     Trust   Inc.
                                            2,534,507          10,138
        Arrow   Financial     Corp.
                                             316,211         10,125
        Preferred     Bank
                                             231,072         10,017
     *
        Bancorp    Inc.
                                            1,252,482           9,970
        United   Community      Financial     Corp.
                                            1,125,899           9,964
     *
        BSB  Bancorp    Inc.
                                             351,369          9,859
        Anworth    Mortgage     Asset   Corp.
                                            2,436,383           9,843
     ^
        Orchid   Island   Capital    Inc.
                                            1,539,246           9,836
        Peapack    Gladstone     Financial     Corp.
                                             389,882          9,817
        Midland    States   Bancorp    Inc.
                                             437,049          9,764
        One  Liberty    Properties     Inc.
                                             401,408          9,722
        United   Insurance     Holdings    Corp.
                                             584,456          9,714
     ^
        Cambridge     Bancorp
                                             115,395          9,607
     *
        Southern    First  Bancshares      Inc.
                                             296,967          9,524
        Republic    Bancorp    Inc.  Class   A
                                             245,355          9,500
     *
        Nicolet    Bankshares      Inc.
                                             192,766          9,407
        First  Mid-Illinois      Bancshares      Inc.
                                             294,415          9,398
        PCSB   Financial     Corp.
                                             480,397          9,397
     *
        Atlantic    Capital    Bancshares      Inc.
                                             573,091          9,382
     *
        EZCORP     Inc.  Class   A
                                            1,197,858           9,259
        Ares  Commercial      Real  Estate   Corp.
                                             708,994          9,245
        Live  Oak  Bancshares      Inc.
                                             623,479          9,234
        Old  Second    Bancorp    Inc.
                                             709,190          9,219
        Braemar    Hotels   & Resorts    Inc.
                                            1,015,681           9,070
        CatchMark     Timber    Trust   Inc.  Class   A
                                            1,269,530           9,014
        Financial     Institutions     Inc.
                                             347,800          8,938
                                460/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Territorial     Bancorp    Inc.
                                             341,380          8,869
        Southern    Missouri    Bancorp    Inc.
                                             258,149          8,751
     *
        Cowen    Inc.  Class   A
                                             655,726          8,747
        First  Bancshares      Inc.
                                             286,724          8,673
        BBX   Capital    Corp.   Class   A
                                            1,513,491           8,672
        BankFinancial       Corp.
                                             575,378          8,602
        Old  Line  Bancshares      Inc.
                                             326,703          8,599
        Spirit   MTA   REIT
                                            1,197,115           8,535
        Consolidated-Tomoka           Land   Co.
                                             162,227          8,517
     *,^
        Citizens    Inc.  Class   A
                                            1,116,397           8,395
     *
        On  Deck   Capital    Inc.
                                            1,413,073           8,337
        Farmers    & Merchants     Bancorp    Inc.
                                             216,124          8,319
        Heritage    Insurance     Holdings    Inc.
                                             553,840          8,153
     ^
        CBL   & Associates     Properties     Inc.
                                            4,212,984           8,089
     *
        Franklin    Financial     Network    Inc.
                                             306,056          8,071
                                461/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Byline   Bancorp    Inc.
                                             483,477          8,055
     *
        Baycom    Corp.
                                             348,485          8,047
        Global   Indemnity     Ltd.
                                             220,630          7,993
        Merchants     Bancorp
                                             399,396          7,972
        CNB   Financial     Corp.
                                             346,111          7,943
     *
        FRP  Holdings    Inc.
                                             171,184          7,876
        Bar  Harbor    Bankshares
                                             346,732          7,777
        Farmers    National    Banc   Corp.
                                             597,818          7,616
        Oppenheimer       Holdings    Inc.  Class   A
                                             297,174          7,593
        EMC   Insurance     Group   Inc.
                                             233,713          7,444
        FedNat    Holding    Co.
                                             373,411          7,438
        Civista    Bancshares      Inc.
                                             418,560          7,291
     *
        Republic    First  Bancorp    Inc.
                                            1,211,736           7,234
        Bluerock    Residential     Growth    REIT   Inc.  Class   A
                                             799,024          7,207
        Northrim     BanCorp    Inc.
                                             218,280          7,175
        1st  Source   Corp.
                                             175,467          7,078
        Access    National    Corp.
                                             331,100          7,062
     *,^
        Health   Insurance     Innovations      Inc.  Class   A
                                             264,035          7,058
        Sierra   Bancorp
                                             293,688          7,057
        Peoples    Financial     Services    Corp.
                                             159,880          7,044
        Citizens    & Northern    Corp.
                                             264,000          6,978
        MedEquities      Realty   Trust   Inc.
                                            1,019,784           6,975
     *,^
        Goosehead     Insurance     Inc.  Class   A
                                             262,558          6,903
        Arlington     Asset   Investment     Corp.   Class   A
                                             952,620          6,897
        Shore   Bancshares      Inc.
                                             465,697          6,771
        Gladstone     Land   Corp.
                                             588,497          6,756
        Bankwell     Financial     Group   Inc.
                                             234,973          6,746
        MidWestOne       Financial     Group   Inc.
                                             270,149          6,708
        Hingham     Institution     for  Savings
                                             33,805         6,685
        Westwood     Holdings    Group   Inc.
                                             194,695          6,620
        First  Internet    Bancorp
                                             320,945          6,560
        SB  One  Bancorp
                                             319,900          6,539
     *
        Select   Bancorp    Inc.
                                             522,733          6,471
        Enterprise     Bancorp    Inc.
                                             200,848          6,459
        Business    First  Bancshares      Inc.
                                             264,332          6,405
     *
        SmartFinancial       Inc.
                                             349,521          6,386
     *
        Regional    Management      Corp.
                                             264,565          6,363
        Home   Bancorp    Inc.
                                             179,670          6,360
        ACNB    Corp.
                                             161,936          6,356
        Ready   Capital    Corp.
                                             454,902          6,291
        First  Bancorp    Inc.
                                             238,426          6,271
        Global   Medical    REIT   Inc.
                                             705,290          6,270
        Marlin   Business    Services    Corp.
                                             280,788          6,270
        West   Bancorporation       Inc.
                                             328,083          6,263
        Investar    Holding    Corp.
                                             251,947          6,248
        Guaranty     Bancshares      Inc.
                                             208,525          6,218
        Great   Ajax   Corp.
                                             514,449          6,199
        Reliant    Bancorp    Inc.
                                             268,083          6,177
        Origin   Bancorp    Inc.
                                             179,690          6,124
                                462/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Howard    Bancorp    Inc.
                                             427,766          6,117
        American     National    Bankshares      Inc.
                                             208,585          6,114
        Capital    City  Bank   Group   Inc.
                                             261,754          6,075
        Safety   Income    & Growth    Inc.
                                             317,882          5,979
        First  Choice    Bancorp
                                             264,120          5,969
        Protective     Insurance     Corp.   Class   B
                                             345,870          5,759
        National    Bankshares      Inc.
                                             157,368          5,733
        Southern    National    Bancorp    of Virginia    Inc.
                                             433,287          5,728
        Ladenburg     Thalmann     Financial     Services    Inc.
                                            2,456,137           5,723
        SI Financial     Group   Inc.
                                             448,844          5,714
     *
        HarborOne     Bancorp    Inc.
                                             357,784          5,685
     *
        Safeguard     Scientifics     Inc.
                                             655,108          5,647
     *,^
        Spirit   of Texas   Bancshares      Inc.
                                             245,117          5,584
        First  Bank
                                             459,654          5,571
        Clipper    Realty   Inc.
                                             425,846          5,566
                                463/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Bridgewater      Bancshares      Inc.
                                             524,934          5,538
        Macatawa     Bank   Corp.
                                             573,928          5,521
        Investors     Title  Co.
                                             31,018         5,480
        Kingstone     Cos.  Inc.
                                             309,465          5,474
        FS  Bancorp    Inc.
                                             125,760          5,393
        Central    Valley   Community      Bancorp
                                             284,721          5,373
     *,^
        National    Energy    Services    Reunited    Corp.
                                             612,134          5,301
        Bank   of Commerce     Holdings
                                             459,361          5,035
        MidSouth     Bancorp    Inc.
                                             472,475          5,008
        First  Business    Financial     Services    Inc.
                                             256,678          5,008
        Ellington     Residential     Mortgage     REIT
                                             489,405          5,007
        Bank   of Princeton
                                             177,186          4,943
        Owens   Realty   Mortgage     Inc.
                                             260,122          4,888
        Tiptree    Inc.
                                             870,801          4,868
        Codorus    Valley   Bancorp    Inc.
                                             227,696          4,839
        Century    Bancorp    Inc.  Class   A
                                             70,240         4,757
        Riverview     Bancorp    Inc.
                                             646,850          4,709
        Summit    Financial     Group   Inc.
                                             242,956          4,691
        Penns   Woods    Bancorp    Inc.
                                             113,486          4,567
        RBB   Bancorp
                                             258,037          4,534
        MBT   Financial     Corp.
                                             486,591          4,525
        First  Northwest     Bancorp
                                             305,012          4,523
     *
        Metropolitan      Bank   Holding    Corp.
                                             143,434          4,425
        Independence       Holding    Co.
                                             123,853          4,360
     *,^
        Altisource     Portfolio    Solutions     SA
                                             193,772          4,358
        Unity   Bancorp    Inc.
                                             207,745          4,313
        MutualFirst      Financial     Inc.
                                             161,725          4,297
        LCNB   Corp.
                                             282,576          4,281
     *
        Ocwen    Financial     Corp.
                                            3,166,342           4,243
     *
        NI  Holdings    Inc.
                                             268,788          4,228
        C&F   Financial     Corp.
                                             79,292         4,219
     *
        Hallmark     Financial     Services    Inc.
                                             391,289          4,183
     *
        Elevate    Credit   Inc.
                                             930,380          4,168
        Timberland      Bancorp    Inc.
                                             184,382          4,112
        ESSA   Bancorp    Inc.
                                             262,351          4,095
     *
        Entegra    Financial     Corp.
                                             194,247          4,031
     ^
        GAIN   Capital    Holdings    Inc.
                                             651,798          4,015
     *
        Community      Bankers    Trust   Corp.
                                             550,711          3,976
        Orrstown     Financial     Services    Inc.
                                             218,245          3,974
        Norwood     Financial     Corp.
                                             118,780          3,920
        MVB   Financial     Corp.
                                             216,592          3,907
        Evans   Bancorp    Inc.
                                             119,309          3,879
     *
        Stratus   Properties     Inc.
                                             160,875          3,858
        Premier    Financial     Bancorp    Inc.
                                             257,163          3,834
        Capstar    Financial     Holdings    Inc.
                                             254,210          3,745
        Parke   Bancorp    Inc.
                                             199,568          3,735
     ^
        CB  Financial     Services    Inc.
                                             149,258          3,699
        Fidelity    D&D   Bancorp    Inc.
                                             57,373         3,682
     *
        Malvern    Bancorp    Inc.
                                             183,699          3,624
                                464/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Chemung     Financial     Corp.
                                             87,097         3,598
        Community      Financial     Corp.
                                             123,044          3,598
     *
        Forestar    Group   Inc.
                                             259,719          3,597
        BCB   Bancorp    Inc.
                                             341,862          3,579
        Pzena   Investment     Management      Inc.  Class   A
                                             408,696          3,535
        Northeast     Bancorp
                                             210,446          3,521
        Donegal    Group   Inc.  Class   A
                                             257,465          3,513
        First  Community      Corp.
                                             178,613          3,470
     *
        PICO   Holdings    Inc.
                                             373,096          3,410
     *
        Pacific    Mercantile     Bancorp
                                             474,007          3,389
        Silvercrest     Asset   Management      Group   Inc.  Class   A
                                             255,027          3,374
        First  Financial     Northwest     Inc.
                                             212,473          3,287
        Prudential     Bancorp    Inc.
                                             185,091          3,258
        Western    Asset   Mortgage     Capital    Corp.
                                             389,847          3,251
        Union   Bankshares      Inc.
                                             66,943         3,197
                                465/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Mackinac     Financial     Corp.
                                             230,769          3,150
     *
        Victory    Capital    Holdings    Inc.  Class   A
                                             297,907          3,045
        Standard    AVB   Financial     Corp.
                                             101,063          3,020
        1st  Constitution      Bancorp
                                             149,612          2,982
        Middlefield      Banc   Corp.
                                             68,882         2,923
        First  Guaranty     Bancshares      Inc.
                                             124,659          2,893
        Ohio   Valley   Banc   Corp.
                                             78,843         2,790
        United   Security    Bancshares
                                             290,105          2,779
     *
        Esquire    Financial     Holdings    Inc.
                                             127,152          2,759
        Peoples    Bancorp    of North   Carolina    Inc.
                                             108,980          2,666
        BRT   Apartments      Corp.
                                             232,769          2,663
     ^
        Greene    County    Bancorp    Inc.
                                             84,740         2,637
        Griffin    Industrial     Realty   Inc.
                                             82,237         2,623
     *
        Trinity    Place   Holdings    Inc.
                                             588,293          2,553
        Provident     Financial     Holdings    Inc.
                                             161,855          2,509
        GAMCO     Investors     Inc.  Class   A
                                             142,988          2,415
        Federal    Agricultural      Mortgage     Corp.   Class   A
                                             41,769         2,380
     *
        Ashford    Inc.
                                             45,407         2,357
     *
        International      Money    Express    Inc.
                                             194,144          2,322
        First  United   Corp.
                                             145,173          2,311
     *
        Provident     Bancorp    Inc.
                                             106,602          2,311
        Hawthorn     Bancshares      Inc.
                                             109,873          2,311
        SB  Financial     Group   Inc.
                                             137,713          2,265
     *
        MoneyGram      International      Inc.
                                            1,115,485           2,231
        Sotherly    Hotels   Inc.
                                             395,197          2,217
        Two  River   Bancorp
                                             140,881          2,150
        Associated     Capital    Group   Inc.  Class   A
                                             60,841         2,143
     *
        Aspen   Group   Inc.
                                             380,422          2,085
        DNB   Financial     Corp.
                                             75,391         2,036
        Luther   Burbank    Corp.
                                             221,229          1,995
     *
        Rafael   Holdings    Inc.  Class   B
                                             251,529          1,995
     *
        PDL  Community      Bancorp
                                             156,180          1,990
        Old  Point   Financial     Corp.
                                             91,136         1,990
        Plumas    Bancorp
                                             85,785         1,948
     *
        Tejon   Ranch   Co.
                                             117,405          1,947
     *
        Maui   Land   & Pineapple     Co.  Inc.
                                             192,941          1,914
     *
        Randolph     Bancorp    Inc.
                                             134,594          1,905
        Level   One  Bancorp    Inc.
                                             84,245         1,890
        Greenhill     & Co.  Inc.
                                             74,717         1,823
        American     River   Bankshares
                                             131,277          1,812
     *
        OP  Bancorp
                                             198,037          1,757
        MSB   Financial     Corp.
                                             96,420         1,721
     *
        Coastal    Financial     Corp.
                                             111,724          1,702
        AmeriServ     Financial     Inc.
                                             417,649          1,683
     *
        Greenlight     Capital    Re  Ltd.  Class   A
                                             193,563          1,669
        First  Savings    Financial     Group   Inc.
                                             29,281         1,521
     *
        Atlas   Financial     Holdings    Inc.
                                             179,526          1,452
        PB  Bancorp    Inc.
                                             131,822          1,437
        Global   Self  Storage    Inc.
                                             353,584          1,386
                                466/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Plymouth     Industrial     REIT   Inc.
                                             107,097          1,351
     *
        Nicholas    Financial     Inc.
                                             124,786          1,298
        Pacific    City  Financial     Corp.
                                             82,828         1,296
        Hunt   Cos.  Finance    Trust   Inc.
                                             444,984          1,273
     *
        Intersections      Inc.
                                             341,144          1,259
        Severn    Bancorp    Inc.
                                             154,641          1,234
        IF Bancorp    Inc.
                                             60,847         1,224
        Sterling    Bancorp    Inc.
                                             173,902          1,209
        Hennessy     Advisors    Inc.
                                             116,940          1,171
        Manhattan     Bridge   Capital    Inc.
                                             203,559          1,146
     *
        Consumer     Portfolio    Services    Inc.
                                             380,395          1,145
        County    Bancorp    Inc.
                                             64,508         1,121
     *,^
        Siebert    Financial     Corp.
                                             74,860         1,082
        Sound   Financial     Bancorp    Inc.
                                             32,075         1,044
        Condor    Hospitality     Trust   Inc.
                                             142,071           979
                                467/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Urstadt    Biddle   Properties     Inc.
                                             64,362          972
        Summit    State   Bank
                                             78,215          921
        Elmira   Savings    Bank
                                             51,975          907
     *
        Transcontinental        Realty   Investors     Inc.
                                             30,783          872
     ^
        Manning    & Napier   Inc.
                                             483,786           851
     *
        Security    National    Financial     Corp.   Class   A
                                             161,655           834
        Cedar   Realty   Trust   Inc.
                                             255,503           802
        Bank   of South   Carolina    Corp.
                                             42,728          778
        United   Bancorp    Inc.
                                             68,932          769
        Eagle   Bancorp    Montana    Inc.
                                             47,123          762
     *
        Bank7   Corp.
                                             56,400          753
     *
        FVCBankcorp       Inc.
                                             41,458          730
     *
        Limestone     Bancorp    Inc.
                                             52,082          717
     *,^
        Tremont    Mortgage     Trust
                                             78,746          713
     *
        Meridian    Corp.
                                             42,029          700
        Sachem    Capital    Corp.
                                             174,987           684
        Pathfinder     Bancorp    Inc.
                                             48,152          681
     ^
        Pennsylvania      REIT
                                             112,447           668
        Bancorp    34 Inc.
                                             44,556          642
     *
        Jason   Industries     Inc.
                                             457,558           627
     §
        Winthrop     Realty   Trust
                                             562,609           613
        Citizens    Community      Bancorp    Inc.
                                             53,090          579
        Ames   National    Corp.
                                             22,078          561
     *
        FFBW   Inc.
                                             55,772          559
        Bank   of the  James   Financial     Group   Inc.
                                             39,730          516
        Citizens    First  Corp.
                                             23,929          513
        Central    Federal    Corp.
                                             39,191          458
     *
        Community      First  Bancshares      Inc.
                                             38,486          448
     ^
        HV  Bancorp    Inc.
                                             25,024          375
        Ottawa    Bancorp    Inc.
                                             27,075          361
        Blue  Capital    Reinsurance      Holdings    Ltd.
                                             59,170          325
     *
        Altisource     Asset   Management      Corp.
                                             10,419          309
     *
        Broadway     Financial     Corp.
                                             291,623           306
     *
        Eagle   Financial     Bancorp    Inc.
                                             19,339          293
     §
        New  York   REIT   Liquidating      LLC
                                             19,100          267
     *
        National    Holdings    Corp.
                                             94,636          256
     *
        Carolina    Trust   Bancshares      Inc.
                                             33,555          254
     *
        First  Western    Financial     Inc.
                                             20,324          238
        First  US  Bancshares      Inc.
                                             28,987          230
     *
        Capital    Bancorp    Inc.
                                             16,948          193
        WVS   Financial     Corp.
                                             11,313          167
        HopFed    Bancorp    Inc.
                                             12,079          161
     *
        HMN   Financial     Inc.
                                              8,012         157
        Front   Yard   Residential     Corp.
                                             16,487          144
     *
        JW  Mays   Inc.
                                              3,714         144
     *
        Income    Opportunity      Realty   Investors     Inc.
                                             12,550          134
     *
        InterGroup     Corp.
                                              4,086         131
     *
        1347   Property    Insurance     Holdings    Inc.
                                             32,428          130
        Southwest     Georgia    Financial     Corp.
                                              6,366         129
                                468/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        HomeTown      Bankshares      Corp.
                                             10,388          123
     *
        ICC  Holdings    Inc.
                                              8,802         120
     *
        FSB  Bancorp    Inc.
                                              3,139          53
     *
        CBM   Bancorp    Inc.
                                              3,789          47
     *
        National    Holdings    Corp.   Warrants     Exp.  01/18/2022
                                             92,151           46
        Asta  Funding    Inc.
                                              9,729          41
     *,^
        CPI  Card   Group   Inc.
                                             16,009           37
     *
        FlexShopper      Inc.
                                             41,840           32
        Reven   Housing    REIT   Inc.
                                              8,896          29
        Glen   Burnie   Bancorp
                                               857          9
     *
        Novume    Solutions     Inc.
                                              5,300           3
        GWG   Holdings    Inc.
                                               300          3
     *
        Unico   American     Corp.
                                                2         -
     *,^
        Ditech   Holding    Corp.   Warrants     01/31/2028
                                             43,103           -
     *,^,§
        Ditech   Holding    Corp.   Series   B Warrants     01/31/2028
                                                        -
                                             34,201
                                                   129,920,412
                                469/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     Health   Care  (13.8%)
        Johnson    & Johnson
                                           71,605,522         9,240,693
        Pfizer   Inc.
                                           154,420,822          6,740,469
        UnitedHealth      Group   Inc.
                                           25,701,378         6,402,727
        Merck   & Co.  Inc.
                                           69,465,748         5,307,878
        AbbVie    Inc.
                                           40,166,516         3,702,951
        Abbott   Laboratories
                                           46,919,307         3,393,673
        Amgen    Inc.
                                           17,024,650         3,314,189
        Medtronic     plc
                                           35,956,531         3,270,606
        Eli  Lilly   & Co.
                                           25,470,396         2,947,434
        Thermo    Fisher   Scientific     Inc.
                                           10,751,926         2,406,174
        Bristol-Myers       Squibb    Co.
                                           43,606,623         2,266,672
        Gilead   Sciences    Inc.
                                           34,562,485         2,161,883
     *
        Cigna   Corp.
                                           10,172,353         1,931,933
        Anthem    Inc.
                                            6,908,853         1,814,472
     *
        Biogen    Inc.
                                            5,383,717         1,620,068
        Becton    Dickinson     and  Co.
                                            7,164,357         1,614,273
     *
        Intuitive    Surgical    Inc.
                                            3,051,625         1,461,484
     *
        Boston    Scientific     Corp.
                                           36,970,544         1,306,539
        Stryker    Corp.
                                            7,997,316         1,253,579
        Allergan    plc
                                            9,010,592         1,204,356
     *
        Celgene    Corp.
                                           18,686,460         1,197,615
     *
        Illumina    Inc.
                                            3,978,369         1,193,232
     *
        Vertex    Pharmaceuticals        Inc.
                                            6,830,221         1,131,836
        Zoetis   Inc.
                                           12,837,361         1,098,108
        Humana    Inc.
                                            3,664,849         1,049,906
        HCA   Healthcare     Inc.
                                            7,354,905         915,318
        Baxter   International      Inc.
                                           13,501,401          888,662
     *
        Edwards    Lifesciences      Corp.
                                            5,585,591         855,545
     *
        Regeneron     Pharmaceuticals        Inc.
                                            2,131,171         795,992
     *
        Centene    Corp.
                                            5,212,611         601,014
        Zimmer    Biomet    Holdings    Inc.
                                            5,447,613         565,026
     *
        Alexion    Pharmaceuticals        Inc.
                                            5,666,022         551,644
     *
        IQVIA    Holdings    Inc.
                                            4,546,838         528,206
        ResMed    Inc.
                                            3,800,873         432,805
     *
        IDEXX    Laboratories      Inc.
                                            2,304,463         428,676
     *
        Align   Technology      Inc.
                                            2,028,317         424,790
     *
        BioMarin     Pharmaceutical       Inc.
                                            4,762,145         405,497
     *
        ABIOMED      Inc.
                                            1,142,019         371,202
     *
        Mylan   NV
                                           13,073,647          358,218
        Cardinal    Health   Inc.
                                            7,956,181         354,846
     *
        Laboratory     Corp.   of America    Holdings
                                            2,696,555         340,737
        Cooper    Cos.  Inc.
                                            1,310,589         333,545
     *
        Henry   Schein   Inc.
                                            4,066,395         319,293
        Teleflex    Inc.
                                            1,228,601         317,569
     *
        Hologic    Inc.
                                            7,712,857         316,998
     *
        WellCare     Health   Plans   Inc.
                                            1,333,573         314,843
     *
        Incyte   Corp.
                                            4,831,281         307,221
        Quest   Diagnostics      Inc.
                                            3,636,150         302,782
                                470/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        DexCom    Inc.
                                            2,370,916         284,036
     *
        Varian    Medical    Systems    Inc.
                                            2,425,028         274,780
        Universal     Health   Services    Inc.  Class   B
                                            2,268,892         264,462
        STERIS    plc
                                            2,250,941         240,513
        Dentsply    Sirona   Inc.
                                            5,925,357         220,483
     *
        Exact   Sciences    Corp.
                                            3,280,796         207,018
     *
        Sarepta    Therapeutics      Inc.
                                            1,787,400         195,059
        West   Pharmaceutical       Services    Inc.
                                            1,973,102         193,423
     *
        Jazz  Pharmaceuticals        plc
                                            1,525,406         189,089
     *
        Molina    Healthcare     Inc.
                                            1,582,038         183,864
     *
        Ionis   Pharmaceuticals        Inc.
                                            3,295,568         178,158
     *
        Alnylam    Pharmaceuticals        Inc.
                                            2,421,355         176,541
     *
        Neurocrine     Biosciences      Inc.
                                            2,417,791         172,654
                                471/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        DaVita    Inc.
                                            3,316,773         170,681
        Hill-Rom     Holdings    Inc.
                                            1,790,045         158,508
     *
        Seattle   Genetics    Inc.
                                            2,774,935         157,228
     *
        Exelixis    Inc.
                                            7,983,594         157,037
        Encompass      Health   Corp.
                                            2,500,834         154,301
     *
        Nektar   Therapeutics      Class   A
                                            4,615,075         151,698
        Bio-Techne      Corp.
                                            1,003,939         145,290
     *
        Charles    River   Laboratories      International      Inc.
                                            1,282,751         145,182
     *
        Bluebird    Bio  Inc.
                                            1,460,355         144,867
     *
        PRA   Health   Sciences    Inc.
                                            1,558,010         143,275
     *
        Haemonetics      Corp.
                                            1,376,653         137,734
     *
        Masimo    Corp.
                                            1,269,076         136,261
     *
        Bio-Rad    Laboratories      Inc.  Class   A
                                             563,021         130,745
        Perrigo    Co.  plc
                                            3,261,057         126,366
     *
        Insulet   Corp.
                                            1,577,098         125,095
     *
        Alkermes     plc
                                            4,145,299         122,328
        Chemed    Corp.
                                             426,039         120,688
     *
        United   Therapeutics      Corp.
                                            1,107,490         120,606
     *
        Catalent    Inc.
                                            3,867,110         120,576
     *
        ICU  Medical    Inc.
                                             519,622         119,321
     *
        Sage   Therapeutics      Inc.
                                            1,187,102         113,712
     *
        Loxo   Oncology     Inc.
                                             733,031         102,676
     *
        Penumbra     Inc.
                                             825,478         100,873
     *
        Amedisys     Inc.
                                             852,491         99,835
     *
        FibroGen     Inc.
                                            2,033,470          94,109
     *
        HealthEquity      Inc.
                                            1,577,603          94,104
     *
        Wright    Medical    Group   NV
                                            3,335,471          90,792
     *,^
        Teladoc    Health   Inc.
                                            1,775,225          87,998
     *
        Globus    Medical    Inc.
                                            2,017,623          87,323
     *
        Horizon    Pharma    plc
                                            4,465,780          87,261
     *
        Syneos    Health   Inc.
                                            2,194,211          86,342
     *
        Integra    LifeSciences      Holdings    Corp.
                                            1,813,280          81,779
     *
        Array   BioPharma     Inc.
                                            5,676,501          80,890
        Bruker   Corp.
                                            2,713,121          80,770
     ^
        Healthcare     Services    Group   Inc.
                                            1,965,716          78,982
     *
        Merit   Medical    Systems    Inc.
                                            1,385,806          77,342
     *,^
        TESARO     Inc.
                                            1,023,522          75,997
     *
        MEDNAX     Inc.
                                            2,274,266          75,051
     *
        LHC   Group   Inc.
                                             790,662         74,227
     *
        Neogen    Corp.
                                            1,298,761          74,029
     *,^
        Ligand    Pharmaceuticals        Inc.
                                             539,705         73,238
        Cantel   Medical    Corp.
                                             946,748         70,485
     *
        Emergent     BioSolutions      Inc.
                                            1,153,015          68,351
     *
        NuVasive     Inc.
                                            1,363,090          67,555
     *
        Novocure     Ltd.
                                            1,980,786          66,317
     *
        HMS   Holdings    Corp.
                                            2,229,576          62,718
     *
        Immunomedics       Inc.
                                            4,300,482          61,368
     *
        Omnicell     Inc.
                                             999,239         61,193
     *
        Agios   Pharmaceuticals        Inc.
                                            1,319,458          60,840
                                472/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Inogen   Inc.
                                             484,765         60,193
     *
        Acadia    Healthcare     Co.  Inc.
                                            2,337,952          60,109
     *
        Blueprint     Medicines     Corp.
                                            1,112,494          59,975
     *
        Intercept    Pharmaceuticals        Inc.
                                             590,185         59,485
     *
        Myriad    Genetics    Inc.
                                            1,993,178          57,942
     *
        Avanos    Medical    Inc.
                                            1,258,848          56,384
     *
        Repligen    Corp.
                                            1,046,206          55,177
     *
        Global   Blood   Therapeutics      Inc.
                                            1,335,655          54,829
     *
        Ultragenyx     Pharmaceutical       Inc.
                                            1,215,699          52,859
     *
        Tandem    Diabetes    Care  Inc.
                                            1,376,852          52,279
     *
        Glaukos    Corp.
                                             911,108         51,177
     *
        Arena   Pharmaceuticals        Inc.
                                            1,312,509          51,122
        Ensign   Group   Inc.
                                            1,312,664          50,918
     *
        Halozyme     Therapeutics      Inc.
                                            3,439,206          50,316
     *
        NxStage    Medical    Inc.
                                            1,752,275          50,150
                                473/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        BioTelemetry       Inc.
                                             838,416         50,070
     *
        Heron   Therapeutics      Inc.
                                            1,877,691          48,707
     *
        ACADIA     Pharmaceuticals        Inc.
                                            3,006,124          48,609
     *
        Amicus    Therapeutics      Inc.
                                            5,054,788          48,425
     *
        Tenet   Healthcare     Corp.
                                            2,731,936          46,825
     *
        Acceleron     Pharma    Inc.
                                            1,045,281          45,522
     *
        Xencor    Inc.
                                            1,253,822          45,338
     *
        Pacira   Pharmaceuticals        Inc.
                                            1,046,125          45,004
        CONMED     Corp.
                                             699,434         44,904
     *
        Aerie   Pharmaceuticals        Inc.
                                            1,213,794          43,818
     *
        Supernus     Pharmaceuticals        Inc.
                                            1,314,378          43,664
     *
        MyoKardia      Inc.
                                             892,480         43,607
     *
        PTC  Therapeutics      Inc.
                                            1,270,262          43,595
     *
        Quidel   Corp.
                                             885,117         43,211
     *
        Select   Medical    Holdings    Corp.
                                            2,799,775          42,977
        Patterson     Cos.  Inc.
                                            2,153,418          42,336
     *
        Prestige    Consumer     Healthcare     Inc.
                                            1,365,134          42,155
     *
        iRhythm    Technologies       Inc.
                                             575,688         39,999
     *
        Endo   International      plc
                                            5,393,029          39,369
     *
        Ironwood     Pharmaceuticals        Inc.  Class   A
                                            3,755,123          38,903
     *,^
        Zogenix    Inc.
                                            1,064,486          38,811
     *
        Amneal    Pharmaceuticals        Inc.
                                            2,851,013          38,574
     *
        Medpace    Holdings    Inc.
                                             704,306         37,279
     *
        STAAR    Surgical    Co.
                                            1,161,134          37,052
     *
        Genomic    Health   Inc.
                                             574,945         37,032
     *,^
        Corcept    Therapeutics      Inc.
                                            2,766,950          36,966
     *
        Magellan     Health   Inc.
                                             646,685         36,790
     *
        REGENXBIO       Inc.
                                             863,173         36,210
     *
        Atara   Biotherapeutics       Inc.
                                            1,032,865          35,882
     *
        Mallinckrodt      plc
                                            2,221,839          35,105
     *
        Vanda   Pharmaceuticals        Inc.
                                            1,319,418          34,476
     *
        Medicines     Co.
                                            1,775,874          33,990
     *
        AnaptysBio      Inc.
                                             532,673         33,979
        US  Physical    Therapy    Inc.
                                             330,515         33,828
     *,^
        Denali   Therapeutics      Inc.
                                            1,637,147          33,823
     *
        Cambrex     Corp.
                                             892,400         33,697
     *
        Spark   Therapeutics      Inc.
                                             854,648         33,451
     *
        Brookdale     Senior   Living   Inc.
                                            4,973,654          33,323
     *,^
        Portola    Pharmaceuticals        Inc.
                                            1,695,900          33,104
     *
        Mirati   Therapeutics      Inc.
                                             775,681         32,904
     *
        Sangamo     Therapeutics      Inc.
                                            2,694,131          30,929
     *
        Innoviva    Inc.
                                            1,771,272          30,909
     *,^
        Theravance      Biopharma     Inc.
                                            1,172,832          30,013
     *
        NeoGenomics       Inc.
                                            2,338,951          29,494
     *
        AtriCure    Inc.
                                             963,248         29,475
     *
        Nevro   Corp.
                                             757,908         29,475
     *,^
        Esperion    Therapeutics      Inc.
                                             639,839         29,433
     *
        Natus   Medical    Inc.
                                             842,426         28,668
     *
        WageWorks      Inc.
                                            1,044,706          28,374
                                474/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Momenta     Pharmaceuticals        Inc.
                                            2,517,257          27,791
     *
        Pacific    Biosciences      of California     Inc.
                                            3,723,343          27,553
     *
        Enanta   Pharmaceuticals        Inc.
                                             383,667         27,175
     *
        Iovance    Biotherapeutics       Inc.
                                            3,062,190          27,100
        Atrion   Corp.
                                             36,501         27,050
     *
        Insmed    Inc.
                                            2,016,978          26,463
     *
        Tivity   Health   Inc.
                                            1,063,706          26,391
     *
        Reata   Pharmaceuticals        Inc.  Class   A
                                             467,977         26,254
     *,^
        Arrowhead     Pharmaceuticals        Inc.
                                            2,097,105          26,046
     *
        Aimmune     Therapeutics      Inc.
                                            1,087,990          26,025
     *
        Editas   Medicine     Inc.
                                            1,134,307          25,805
        Luminex    Corp.
                                            1,115,973          25,790
     *
        Madrigal    Pharmaceuticals        Inc.
                                             226,838         25,569
     *
        Orthofix    Medical    Inc.
                                             474,284         24,895
     *
        Cardiovascular       Systems    Inc.
                                             868,081         24,732
                                475/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        OPKO   Health   Inc.
                                            8,166,325          24,581
     *
        Retrophin     Inc.
                                            1,082,347          24,494
     *
        CryoLife    Inc.
                                             861,936         24,462
     *,^
        Clovis   Oncology     Inc.
                                            1,340,670          24,078
     *
        Varex   Imaging    Corp.
                                             994,260         23,544
     *
        BioCryst    Pharmaceuticals        Inc.
                                            2,865,749          23,127
     *
        Spectrum     Pharmaceuticals        Inc.
                                            2,508,536          21,950
     *
        CareDx    Inc.
                                             868,091         21,824
     *
        Intersect    ENT   Inc.
                                             760,126         21,420
     *
        Invitae    Corp.
                                            1,853,293          20,497
     *
        Vericel    Corp.
                                            1,136,862          19,781
     *,^
        Radius   Health   Inc.
                                            1,198,216          19,759
        National    HealthCare      Corp.
                                             249,103         19,542
     *
        AngioDynamics        Inc.
                                             968,801         19,502
     *
        Revance    Therapeutics      Inc.
                                             966,975         19,465
     *
        Acorda    Therapeutics      Inc.
                                            1,247,713          19,439
     *
        Audentes     Therapeutics      Inc.
                                             907,372         19,345
     *
        OraSure    Technologies       Inc.
                                            1,605,501          18,752
     *
        ImmunoGen      Inc.
                                            3,896,604          18,704
     *
        Tactile    Systems    Technology      Inc.
                                             409,526         18,654
        Meridian    Bioscience     Inc.
                                            1,067,715          18,536
     *,^
        TherapeuticsMD        Inc.
                                            4,856,609          18,504
     *,^
        Novavax     Inc.
                                           10,014,525           18,427
     *
        R1  RCM   Inc.
                                            2,307,869          18,348
     *
        Cerus   Corp.
                                            3,567,573          18,088
     *
        Amphastar     Pharmaceuticals        Inc.
                                             905,151         18,013
     *
        Puma   Biotechnology       Inc.
                                             875,767         17,822
     *
        AxoGen    Inc.
                                             861,207         17,594
     *
        Addus   HomeCare     Corp.
                                             258,595         17,553
     *,^
        Allogene    Therapeutics      Inc.
                                             636,393         17,138
     *
        Hanger    Inc.
                                             878,938         16,656
     *
        Rhythm    Pharmaceuticals        Inc.
                                             615,839         16,554
     *
        Inspire   Medical    Systems    Inc.
                                             388,653         16,421
        HealthStream       Inc.
                                             666,662         16,100
     *
        Natera   Inc.
                                            1,145,560          15,992
     *
        Surmodics     Inc.
                                             336,417         15,899
     *
        Heska   Corp.
                                             180,506         15,542
     *
        Fate  Therapeutics      Inc.
                                            1,201,647          15,417
     *
        Alder   Biopharmaceuticals         Inc.
                                            1,501,172          15,387
     *,^
        Dynavax    Technologies       Corp.
                                            1,659,735          15,187
     *
        Lantheus    Holdings     Inc.
                                             962,664         15,066
     *
        CorVel    Corp.
                                             238,067         14,693
     *
        Dicerna    Pharmaceuticals        Inc.
                                            1,317,647          14,086
     *,^
        Omeros    Corp.
                                            1,251,908          13,946
     *
        MacroGenics      Inc.
                                            1,072,034          13,615
     *,^
        Athenex    Inc.
                                            1,069,068          13,566
     *
        Coherus    Biosciences      Inc.
                                            1,486,189          13,450
     *
        Guardant     Health   Inc.
                                             354,325         13,319
     *
        Intra-Cellular       Therapies     Inc.
                                            1,152,383          13,126
                                476/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        AMAG    Pharmaceuticals        Inc.
                                             842,524         12,798
     *
        BioScrip    Inc.
                                            3,537,123          12,628
     *
        Collegium     Pharmaceutical       Inc.
                                             728,760         12,513
     *
        Cymabay     Therapeutics      Inc.
                                            1,584,195          12,468
     *
        Eagle   Pharmaceuticals        Inc.
                                             308,516         12,430
     *,^
        ViewRay     Inc.
                                            2,008,559          12,192
     *,^
        Akebia    Therapeutics      Inc.
                                            2,203,476          12,185
     *
        Anika   Therapeutics      Inc.
                                             361,395         12,146
     *
        Kura   Oncology     Inc.
                                             855,015         12,004
     *,^
        Intrexon    Corp.
                                            1,806,499          11,815
     *
        Ra  Pharmaceuticals        Inc.
                                             636,790         11,590
     *,^
        Apollo   Medical    Holdings    Inc.
                                             581,536         11,543
     *
        Veracyte     Inc.
                                             913,280         11,489
     *,^
        Allakos    Inc.
                                             219,089         11,452
     *,^
        Cara  Therapeutics      Inc.
                                             871,372         11,328
                                477/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        PDL  BioPharma     Inc.
                                            3,859,491          11,193
     *
        Intellia    Therapeutics      Inc.
                                             802,918         10,960
     *,^
        SIGA   Technologies       Inc.
                                            1,381,634          10,915
     *,^
        Akcea   Therapeutics      Inc.
                                             350,053         10,551
     *
        G1  Therapeutics      Inc.
                                             542,256         10,384
     *
        PetIQ   Inc.  Class   A
                                             442,206         10,379
     *
        RadNet    Inc.
                                            1,008,011          10,251
     *
        NanoString      Technologies       Inc.
                                             688,635         10,212
        Owens   & Minor   Inc.
                                            1,592,040          10,078
     *
        Triple-S    Management      Corp.   Class   B
                                             573,946          9,981
     *
        Antares    Pharma    Inc.
                                            3,624,936           9,860
        LeMaitre     Vascular    Inc.
                                             412,954          9,762
     *
        BioSpecifics      Technologies       Corp.
                                             160,625          9,734
        Utah   Medical    Products    Inc.
                                             116,705          9,696
     *
        ANI  Pharmaceuticals        Inc.
                                             211,204          9,508
     *,^
        Flexion    Therapeutics      Inc.
                                             837,678          9,483
     *
        ChemoCentryx       Inc.
                                             859,605          9,378
     *,^
        Rocket    Pharmaceuticals        Inc.
                                             631,991          9,366
     *
        Inovio   Pharmaceuticals        Inc.
                                            2,333,947           9,336
     *
        OrthoPediatrics       Corp.
                                             259,351          9,046
     *
        Kindred    Biosciences      Inc.
                                             815,382          8,928
     *,^
        Viking    Therapeutics      Inc.
                                            1,157,904           8,858
     *
        GlycoMimetics       Inc.
                                             921,551          8,727
     *
        Apellis    Pharmaceuticals        Inc.
                                             648,906          8,559
     *
        Fluidigm    Corp.
                                             991,696          8,548
     *,^
        Accelerate     Diagnostics      Inc.
                                             729,004          8,384
     *
        Akorn   Inc.
                                            2,447,255           8,296
     *
        Cytokinetics      Inc.
                                            1,295,539           8,188
     *
        Aratana    Therapeutics      Inc.
                                            1,335,173           8,185
     *
        Deciphera     Pharmaceuticals        Inc.
                                             389,636          8,178
     *
        Kiniksa    Pharmaceuticals        Ltd.  Class   A
                                             289,216          8,124
     *,^
        UNITY    Biotechnology       Inc.
                                             499,394          8,120
     *
        Tricida    Inc.
                                             339,342          8,002
     *,^
        Corbus    Pharmaceuticals        Holdings    Inc.
                                            1,326,754           7,748
     *,^
        Senseonics     Holdings    Inc.
                                            2,979,621           7,717
     *
        Assembly     Biosciences      Inc.
                                             338,933          7,667
     *
        GenMark     Diagnostics      Inc.
                                            1,562,781           7,595
     *,^
        Arcus   Biosciences      Inc.
                                             704,031          7,582
     *
        Sientra    Inc.
                                             586,573          7,455
     *
        Civitas    Solutions     Inc.
                                             418,033          7,320
     *
        SeaSpine     Holdings    Corp.
                                             398,127          7,262
     *
        Concert    Pharmaceuticals        Inc.
                                             575,573          7,223
     *,^
        Osiris   Therapeutics      Inc.
                                             528,043          7,129
     *
        Stemline    Therapeutics      Inc.
                                             739,542          7,026
     *
        Cutera   Inc.
                                             408,450          6,952
     *
        RTI  Surgical    Inc.
                                            1,867,810           6,911
     *,^
        MediciNova      Inc.
                                             831,085          6,790
     *,^
        Homology     Medicines     Inc.
                                             296,849          6,638
     *
        Assertio    Therapeutics      Inc.
                                            1,762,414           6,362
                                478/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        CytoSorbents       Corp.
                                             763,056          6,165
     *
        Kadmon    Holdings    Inc.
                                            2,916,260           6,066
     *
        Voyager    Therapeutics      Inc.
                                             643,742          6,051
     *,^
        Verastem     Inc.
                                            1,768,068           5,941
     *
        BioDelivery      Sciences    International      Inc.
                                            1,599,854           5,919
     *
        Minerva    Neurosciences       Inc.
                                             877,166          5,912
     *,^
        Eloxx   Pharmaceuticals        Inc.
                                             483,525          5,807
     *
        ArQule    Inc.
                                            2,091,210           5,793
     *
        Avid   Bioservices      Inc.
                                            1,407,602           5,771
     *,^
        Scholar    Rock   Holding    Corp.
                                             245,953          5,650
     *
        Bovie   Medical    Corp.
                                             847,416          5,491
     *
        Aldeyra    Therapeutics      Inc.
                                             659,883          5,477
     *,^
        Adamas    Pharmaceuticals        Inc.
                                             630,847          5,387
     *
        Catalyst    Pharmaceuticals        Inc.
                                            2,759,205           5,298
     *
        Capital    Senior   Living   Corp.
                                             778,459          5,294
                                479/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Savara   Inc.
                                             699,205          5,293
     *,^
        Surgery    Partners    Inc.
                                             527,837          5,168
     *,^
        AVEO    Pharmaceuticals        Inc.
                                            3,173,033           5,077
     *
        MEI  Pharma    Inc.
                                            1,882,379           4,969
     *
        Eiger   BioPharmaceuticals         Inc.
                                             479,978          4,877
     *,^
        Rubius    Therapeutics      Inc.
                                             302,654          4,867
     *,^
        MannKind     Corp.
                                            4,576,191           4,851
     *,^
        CASI   Pharmaceuticals        Inc.
                                            1,169,325           4,701
     *,^
        Athersys    Inc.
                                            3,197,519           4,604
     *
        Karyopharm      Therapeutics      Inc.
                                             490,070          4,592
     *,^
        Quanterix     Corp.
                                             247,992          4,541
     *,^
        Solid   Biosciences      Inc.
                                             167,543          4,490
     *,^
        Crinetics    Pharmaceuticals        Inc.
                                             146,505          4,394
     *
        Zafgen    Inc.
                                             870,696          4,310
     *
        Tocagen    Inc.
                                             522,588          4,290
        Invacare    Corp.
                                             997,707          4,290
     *
        BioLife    Solutions     Inc.
                                             355,892          4,281
     *,^
        iRadimed     Corp.
                                             172,166          4,211
     *
        Krystal    Biotech    Inc.
                                             201,532          4,188
     *,^
        AcelRx    Pharmaceuticals        Inc.
                                            1,810,242           4,182
     *,^
        Tyme   Technologies       Inc.
                                            1,132,311           4,178
     *,^
        Abeona    Therapeutics      Inc.
                                             578,165          4,128
     *
        American     Renal   Associates     Holdings    Inc.
                                             352,593          4,062
     *,^
        Helius   Medical    Technologies       Inc.  Class   A
                                             424,314          3,887
     *,^
        Palatin   Technologies       Inc.
                                            5,467,412           3,873
     *,^
        Marinus    Pharmaceuticals        Inc.
                                            1,298,222           3,726
     *
        KalVista    Pharmaceuticals        Inc.
                                             186,785          3,689
     *
        FONAR    Corp.
                                             175,855          3,559
     *
        Harvard    Bioscience     Inc.
                                            1,111,685           3,535
     *
        Ocular   Therapeutix      Inc.
                                             885,023          3,522
     *
        Celcuity    Inc.
                                             145,249          3,485
     *
        Aeglea    BioTherapeutics        Inc.
                                             462,631          3,465
     *
        Acer   Therapeutics      Inc.
                                             171,875          3,458
     *
        Principia    Biopharma     Inc.
                                             123,505          3,383
     *
        Imprimis    Pharmaceuticals        Inc.
                                             588,605          3,349
     *
        Neuronetics      Inc.
                                             172,213          3,332
     *,^
        Xeris   Pharmaceuticals        Inc.
                                             194,322          3,303
     *
        SI-BONE     Inc.
                                             157,259          3,285
     *
        Aduro   Biotech    Inc.
                                            1,241,088           3,276
     *
        Synlogic    Inc.
                                             465,764          3,265
     *
        Proteostasis      Therapeutics      Inc.
                                             994,884          3,223
     *
        Recro   Pharma    Inc.
                                             452,913          3,216
     *,^
        PolarityTE     Inc.
                                             238,053          3,211
     *,^
        EyePoint    Pharmaceuticals        Inc.
                                            1,692,820           3,199
     *
        Spring   Bank   Pharmaceuticals        Inc.
                                             307,487          3,195
     *,^
        CorMedix     Inc.
                                            2,470,211           3,187
     *
        Bellicum    Pharmaceuticals        Inc.
                                            1,088,148           3,177
     *,^
        Galectin    Therapeutics      Inc.
                                             915,093          3,139
     *,^
        Optinose    Inc.
                                             492,665          3,055
                                480/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Marker    Therapeutics      Inc.
                                             549,528          3,050
     *
        Calithera    Biosciences      Inc.
                                             749,087          3,004
     *,^
        Amyris    Inc.
                                             894,783          2,989
     *,^
        Gritstone     Oncology     Inc.
                                             192,414          2,973
     *
        Kala  Pharmaceuticals        Inc.
                                             605,169          2,959
     *
        Protagonist      Therapeutics      Inc.
                                             434,340          2,923
     *,^
        Aptinyx    Inc.
                                             172,817          2,858
     *
        Misonix    Inc.
                                             173,618          2,780
     *
        Y-mAbs    Therapeutics      Inc.
                                             135,814          2,762
     *,^
        Evelo   Biosciences      Inc.
                                             211,239          2,748
     *,^
        XOMA    Corp.
                                             216,177          2,735
     *
        Arvinas    Inc.
                                             209,205          2,688
     *
        Liquidia    Technologies       Inc.
                                             123,671          2,679
     *
        ContraFect     Corp.
                                            1,678,529           2,568
     *,^
        Organovo     Holdings    Inc.
                                            2,645,999           2,532
                                481/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Twist   Bioscience     Corp.
                                             108,304          2,501
     *,^
        Sesen   Bio  Inc.
                                            1,729,774           2,456
     *
        Chembio    Diagnostics      Inc.
                                             429,204          2,429
     *
        Verrica    Pharmaceuticals        Inc.
                                             289,364          2,358
     *
        Axonics    Modulation      Technologies       Inc.
                                             152,300          2,301
     *,^
        Pulse   Biosciences      Inc.
                                             195,729          2,243
     *
        Syndax    Pharmaceuticals        Inc.
                                             496,673          2,210
     *
        Sensus   Healthcare     Inc.
                                             291,443          2,160
     *,^
        Eidos   Therapeutics      Inc.
                                             154,566          2,127
        Psychemedics       Corp.
                                             133,274          2,115
     *
        Ardelyx    Inc.
                                            1,166,408           2,088
     *
        Translate     Bio  Inc.
                                             272,842          2,046
     *
        Joint   Corp.
                                             245,068          2,039
     *,^
        ADMA    Biologics     Inc.
                                             841,538          2,011
     *,^
        Replimune     Group   Inc.
                                             195,662          1,957
     *
        Forty   Seven   Inc.
                                             122,975          1,933
     *
        Adverum     Biotechnologies        Inc.
                                             613,546          1,933
     *
        Endologix     Inc.
                                            2,671,901           1,913
     *
        Rigel   Pharmaceuticals        Inc.
                                             808,634          1,860
     *
        CytomX    Therapeutics      Inc.
                                             120,727          1,823
     *
        Progenics     Pharmaceuticals        Inc.
                                             427,645          1,796
     *,^
        Kezar   Life  Sciences    Inc.
                                             76,019         1,794
     *,^
        Sorrento    Therapeutics      Inc.
                                             743,332          1,784
     *,^
        Community      Health   Systems    Inc.
                                             630,643          1,778
     *,^
        Seres   Therapeutics      Inc.
                                             386,810          1,748
     *,^
        HTG   Molecular     Diagnostics      Inc.
                                             684,696          1,739
     *,^
        La  Jolla  Pharmaceutical       Co.
                                             183,499          1,730
     *,^
        Moderna    Inc.
                                             112,563          1,719
     *,^
        Cohbar    Inc.
                                             528,170          1,643
     *,^
        CEL-SCI     Corp.
                                             571,200          1,639
     *
        Molecular     Templates     Inc.
                                             396,021          1,600
     *
        Aquestive     Therapeutics      Inc.
                                             253,890          1,600
     *,^
        Anixa   Biosciences      Inc.
                                             395,301          1,557
     *,^
        Infinity    Pharmaceuticals        Inc.
                                            1,310,605           1,547
     *,^
        resTORbio     Inc.
                                             178,693          1,540
     *
        Pfenex   Inc.
                                             481,944          1,537
     *
        Cidara   Therapeutics      Inc.
                                             638,301          1,500
     *
        Durect   Corp.
                                            3,064,822           1,481
     *,^
        BrainStorm      Cell  Therapeutics      Inc.
                                             415,593          1,475
     *,^
        TG  Therapeutics      Inc.
                                             351,572          1,441
     *
        Allena   Pharmaceuticals        Inc.
                                             261,352          1,424
     *
        Champions      Oncology     Inc.
                                             175,385          1,370
     *,^
        Genesis    Healthcare     Inc.
                                            1,133,847           1,338
     *,^
        Rockwell     Medical    Inc.
                                             587,579          1,328
     *
        Alphatec    Holdings    Inc.
                                             578,466          1,325
     *
        InfuSystem      Holdings    Inc.
                                             378,907          1,303
     *
        Strata   Skin  Sciences    Inc.
                                             484,735          1,260
     *
        Cumberland      Pharmaceuticals        Inc.
                                             198,124          1,248
     *,^
        Catasys    Inc.
                                             132,873          1,245
                                482/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        RA  Medical    Systems    Inc.
                                             141,588          1,126
     *,^
        Lexicon    Pharmaceuticals        Inc.
                                             166,208          1,104
     *,^
        Opiant   Pharmaceuticals        Inc.
                                             76,262         1,102
     *,^
        Viveve    Medical    Inc.
                                            1,048,461           1,101
     *
        Achillion     Pharmaceuticals        Inc.
                                             685,471          1,090
     *
        Dermira    Inc.
                                             145,810          1,048
     *
        Chiasma    Inc.
                                             327,524          1,019
     *
        Kodiak    Sciences    Inc.
                                             142,615          1,013
     *
        Electromed      Inc.
                                             191,336           974
     *,^
        Ampio   Pharmaceuticals        Inc.
                                            2,382,232           941
     *,^
        Adamis    Pharmaceuticals        Corp.
                                             410,505           924
     *,^
        Actinium     Pharmaceuticals        Inc.
                                            2,318,153           897
     *,^
        Rexahn    Pharmaceuticals        Inc.
                                             954,334           888
     *
        Cocrystal     Pharma    Inc.
                                             246,168           886
     *
        NantKwest     Inc.
                                             745,549           865
                                483/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Equillium     Inc.
                                             104,447           852
     *,^
        Matinas    BioPharma     Holdings    Inc.
                                            1,428,048           850
     *
        Syros   Pharmaceuticals        Inc.
                                             150,406           838
     *
        LogicBio     Therapeutics      Inc.
                                             78,230          814
     *
        AgeX   Therapeutics      Inc.
                                             271,093           811
     *,^
        Evoke   Pharma    Inc.
                                             324,399           805
     *,^
        Insys   Therapeutics      Inc.
                                             227,514           796
     *
        Applied    Genetic    Technologies       Corp.
                                             310,344           773
     *
        Celldex    Therapeutics      Inc.
                                            3,866,873           765
     *,^
        Evofem    Biosciences      Inc.
                                             181,644           761
     *,^
        Ekso   Bionics    Holdings    Inc.
                                             574,330           712
     *,^
        Alimera    Sciences    Inc.
                                             984,969           707
     *,^
        Second    Sight   Medical    Products    Inc.
                                             796,734           706
     *
        Catabasis     Pharmaceuticals        Inc.
                                             157,546           688
     *
        Enzo   Biochem    Inc.
                                             246,742           686
     *
        Sutro   Biopharma     Inc.
                                             75,677          683
     *
        CAS   Medical    Systems    Inc.
                                             424,399           679
     *
        Orgenesis     Inc.
                                             143,507           672
     *
        Pro-Dex    Inc.
                                             53,314          644
     *
        Evolus   Inc.
                                             52,845          629
     *,^
        VIVUS    Inc.
                                             281,422           628
     *,^
        Heat  Biologics     Inc.
                                             628,229           616
     *,^
        Sophiris    Bio  Inc.
                                             725,699           602
     *
        BioSig   Technologies       Inc.
                                             140,393           599
     *
        Aptevo    Therapeutics      Inc.
                                             451,771           574
     *,^
        Corindus    Vascular    Robotics    Inc.
                                             604,138           507
     *
        Vapotherm      Inc.
                                             25,409          507
     *
        Aerpio   Pharmaceuticals        Inc.
                                             296,248           504
     *
        Tracon    Pharmaceuticals        Inc.
                                             779,786           491
     *
        Avrobio    Inc.
                                             29,363          489
     *,^
        Arsanis    Inc.
                                             204,842           475
     *,^
        SELLAS    Life  Sciences    Group   Inc.
                                             376,042           463
     *
        Cerecor    Inc.
                                             140,306           453
     *,^
        Moleculin     Biotech    Inc.
                                             431,314           449
     *
        ImmuCell     Corp.
                                             65,054          444
     *,^
        BioPharmX      Corp.
                                            4,086,853           441
     *,^
        Xtant   Medical    Holdings    Inc.
                                             271,844           438
     *
        Fortress    Biotech    Inc.
                                             496,613           427
     *,^
        ZIOPHARM      Oncology     Inc.
                                             223,238           417
     *,^
        Curis   Inc.
                                             576,377           398
     *,^
        Celsion    Corp.
                                             274,103           386
     *
        CTI  BioPharma     Corp.
                                             512,182           376
     *,^
        KemPharm      Inc.
                                             207,600           370
     *,^
        Titan   Pharmaceuticals        Inc.
                                            1,614,133           360
     *
        PhaseBio     Pharmaceuticals        Inc.
                                             114,517           354
     *
        Caladrius     Biosciences      Inc.
                                             97,507          347
     *
        Vical   Inc.
                                             292,178           345
     *,^
        Oncocyte     Corp.
                                             247,018           341
     *,^
        Fulgent    Genetics    Inc.
                                             107,237           340
                                484/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        SCYNEXIS      Inc.
                                             705,187           340
     *
        Provention     Bio  Inc.
                                             189,923           336
     *,^
        Lannett    Co.  Inc.
                                             65,361          324
     *
        Quorum    Health   Corp.
                                             108,392           313
     *
        Bellerophon      Therapeutics      Inc.
                                             387,969           311
     *
        Accuray    Inc.
                                             90,051          307
     *
        Mustang    Bio  Inc.
                                             104,424           307
     *,^
        Aethlon    Medical    Inc.
                                             184,467           306
     *,^
        T2  Biosystems      Inc.
                                             99,177          299
     *
        Proteon    Therapeutics      Inc.
                                             127,689           290
     *
        Alpine   Immune    Sciences    Inc.
                                             72,695          268
     *
        Agile   Therapeutics      Inc.
                                             362,750           209
     *,^
        scPharmaceuticals         Inc.
                                             55,200          208
     *,^
        Hancock    Jaffe   Laboratories      Inc.
                                             143,398           202
     *
        Avenue    Therapeutics      Inc.
                                             36,127          195
                                485/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Vaccinex     Inc.
                                             51,814          195
     *
        IsoRay    Inc.
                                             597,951           179
     *,^
        Navidea    Biopharmaceuticals         Inc.
                                            1,699,516           174
     *
        ENDRA    Life  Sciences    Inc.
                                             114,676           172
     *,^
        Checkpoint      Therapeutics      Inc.
                                             94,345          172
     *
        Advaxis    Inc.
                                             887,326           169
     *
        Soleno   Therapeutics      Inc.
                                             94,777          162
     *,^
        Regulus    Therapeutics      Inc.
                                             173,709           162
     *
        Standard    Diversified      Inc.
                                             10,576          157
     ^
        Altimmune      Inc.
                                             73,246          151
     *,^
        PAVmed     Inc.
                                             151,390           146
     *
        Catalyst    Biosciences      Inc.
                                             18,087          143
     *
        Ovid   therapeutics      Inc.
                                             53,281          129
     *
        Constellation      Pharmaceuticals        Inc.
                                             31,790          127
     *
        PLx  Pharma    Inc.
                                             80,502          123
     *
        Soligenix     Inc.
                                             140,021           120
     *,^
        Genocea    Biosciences      Inc.
                                             412,724           118
     *
        Eyenovia     Inc.
                                             38,852          111
     *,^
        Myomo    Inc.
                                             76,279          110
     *
        Synthorx    Inc.
                                              5,764         100
     *,^
        Histogenics      Corp.
                                            1,113,347            98
     *
        Aravive    Inc.
                                             26,500           93
     *,^
        Cleveland     BioLabs    Inc.
                                             91,596           93
     *
        Axsome    Therapeutics      Inc.
                                             30,500           86
        ProPhase     Labs   Inc.
                                             25,381           80
     *
        Dynatronics      Corp.
                                             27,747           76
     *
        Fibrocell    Science    Inc.
                                             47,901           72
     *,^
        Akers   Biosciences      Inc.
                                             59,629           67
     *
        aTyr   Pharma    Inc.
                                             119,600           59
     *,^
        Trovagene     Inc.
                                             112,756           59
     *
        Outlook    Therapeutics      Inc.
                                             117,453           59
     *
        Retractable      Technologies       Inc.
                                             98,504           59
     *
        Idera   Pharmaceuticals        Inc.
                                             19,628           54
     *
        Agenus    Inc.
                                             22,449           53
     *,^
        Vermillion     Inc.
                                             177,741           53
     *
        NanoViricides       Inc.
                                             254,789           51
     *
        Bioanalytical      Systems    Inc.
                                             36,675           47
     *
        Aridis   Pharmaceuticals        Inc.
                                              4,070          45
     *
        Millendo    Therapeutics      Inc.
                                              5,676          45
     *
        Aileron    Therapeutics      Inc.
                                             53,500           45
     *
        Diffusion     Pharmaceuticals        Inc.
                                             21,707           43
     *,^
        Pulmatrix     Inc.
                                             178,611           43
     *
        Adial   Pharmaceuticals        Inc.
                                              8,150          42
     *
        Leap   Therapeutics      Inc.
                                             15,286           31
     *,^
        Cue  Biopharma     Inc.
                                              6,352          30
     *
        NanoVibronix       Inc.
                                              7,510          26
     *,^
        XBiotech     Inc.
                                              4,768          24
     *,^
        Selecta    Biosciences      Inc.
                                              8,686          23
     *
        Citius   Pharmaceuticals        Inc.
                                             22,052           23
                                486/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Precision     Therapeutics      Inc.
                                             37,306           23
     *
        Milestone     Scientific     Inc.
                                             69,031           23
     *
        AquaBounty      Technologies       Inc.
                                              8,850          18
     *
        Biomerica     Inc.
                                             10,523           18
     *
        Pain  Therapeutics      Inc.
                                             20,219           17
     *
        Xenetic    Biosciences      Inc.
                                             10,312           17
     *,^
        Teligent    Inc.
                                             11,824           16
     *
        Genprex    Inc.
                                             14,698           16
     *
        Gemphire     Therapeutics      Inc.
                                             18,400           14
     *,^
        Achieve    Life  Sciences    Inc.
                                             11,135           13
     *
        Hemispherx      Biopharma     Inc.
                                             68,925           12
     *
        American     Shared   Hospital    Services
                                              4,591          11
     *
        Synergy    Pharmaceuticals        Inc.
                                             86,515           10
     *
        NovaBay     Pharmaceuticals        Inc.
                                             11,471           9
     *
        Synthetic     Biologics     Inc.
                                             13,386           7
                                487/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Novan   Inc.
                                              8,672           7
     *,^
        Neuralstem      Inc.
                                             18,234           6
     *
        Geron   Corp.
                                              5,685           6
        Vaxart    Inc.
                                              2,300           4
        Diversicare      Healthcare     Services    Inc.
                                              1,605           4
     ^
        Wright    Medical    Group   Inc.  CVR
                                             288,011            4
     *
        Bio-Path    Holdings    Inc.
                                             19,033           3
        Biolase    Inc.
                                               45         -
     *
        Onconova     Therapeutics      Inc.
                                               14         -
     *,^
        Microbot     Medical    Inc.
                                                2         -
     *
        Galena    Biopharma     Inc  Warrants     Exp.  03/18/2020
                                             157,500            -
     *
        Sunesis    Pharmaceuticals        Inc.
                                                2         -
     *
        CytRx   Corp.
                                                        -
                                                1
                                                    92,996,696
     Industrials     (12.9%)
        Boeing    Co.
                                           14,412,662         4,648,083
        3M  Co.
                                           15,557,202         2,964,269
        Union   Pacific    Corp.
                                           19,683,934         2,720,910
        Honeywell     International      Inc.
                                           19,774,557         2,612,614
     *
        PayPal    Holdings    Inc.
                                           29,900,604         2,514,342
        Accenture     plc  Class   A
                                           17,053,344         2,404,692
        United   Technologies       Corp.
                                           21,889,917         2,330,838
        Caterpillar     Inc.
                                           15,767,358         2,003,558
        United   Parcel   Service    Inc.  Class   B
                                           18,574,212         1,811,543
        General    Electric    Co.
                                           232,375,831          1,759,085
        Danaher    Corp.
                                           16,847,463         1,737,310
        Lockheed     Martin   Corp.
                                            6,458,184         1,691,011
        Automatic     Data  Processing     Inc.
                                           11,109,023         1,456,615
        CSX   Corp.
                                           21,430,832         1,331,498
        Deere   & Co.
                                            8,594,443         1,282,033
        Raytheon     Co.
                                            7,600,390         1,165,520
        Northrop    Grumman     Corp.
                                            4,637,571         1,135,741
     *
        Norfolk    Southern    Corp.
                                            7,275,842         1,088,029
        General    Dynamics     Corp.
                                            6,723,468         1,056,996
        FedEx   Corp.
                                            6,336,498         1,022,267
        Waste   Management      Inc.
                                           11,388,584         1,013,470
        Illinois    Tool   Works   Inc.
                                            7,979,144         1,010,878
        Emerson    Electric    Co.
                                           16,724,825          999,308
        Fidelity    National    Information      Services    Inc.
                                            8,744,822         896,781
        Sherwin-Williams         Co.
                                            2,250,887         885,634
        Eaton   Corp.   plc
                                           11,570,475          794,429
     *
        Fiserv   Inc.
                                           10,641,615          782,052
        Roper   Technologies       Inc.
                                            2,763,673         736,574
        Johnson    Controls    International      plc
                                           24,709,735          732,644
        TE  Connectivity      Ltd.
                                            9,161,876         692,913
        Amphenol     Corp.   Class   A
                                            8,048,560         652,094
     *
        Worldpay     Inc.  Class   A
                                            8,064,710         616,386
        Ingersoll-Rand       plc
                                            6,562,921         598,735
        Agilent    Technologies       Inc.
                                            8,490,865         572,794
                                488/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Paychex    Inc.
                                            8,634,549         562,541
        Cummins     Inc.
                                            4,075,989         544,715
        Fortive    Corp.
                                            8,028,485         543,207
        PACCAR     Inc.
                                            9,338,173         533,583
        Parker-Hannifin        Corp.
                                            3,537,283         527,550
        Willis   Towers    Watson    plc
                                            3,473,568         527,496
        Waste   Connections      Inc.
                                            7,044,101         523,024
        Rockwell     Automation      Inc.
                                            3,226,016         485,451
        Stanley    Black   & Decker    Inc.
                                            4,038,439         483,563
     *
        Verisk   Analytics     Inc.  Class   A
                                            4,174,899         455,231
     *
        FleetCor    Technologies       Inc.
                                            2,370,245         440,202
     *
        Square   Inc.
                                            7,818,971         438,566
        Global   Payments     Inc.
                                            4,228,031         436,037
     *
        TransDigm      Group   Inc.
                                            1,265,716         430,419
        AMETEK     Inc.
                                            6,203,481         419,976
                                489/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Ball  Corp.
                                            9,057,387         416,459
        Republic    Services    Inc.  Class   A
                                            5,638,801         406,501
        Fastenal    Co.
                                            7,663,568         400,728
        Cintas   Corp.
                                            2,284,107         383,707
     *
        Mettler-Toledo       International      Inc.
                                             669,357         378,575
        L3  Technologies       Inc.
                                            2,098,968         364,507
     *
        Waters    Corp.
                                            1,921,642         362,518
        WW  Grainger    Inc.
                                            1,277,442         360,699
        Total   System    Services    Inc.
                                            4,387,381         356,650
        Vulcan    Materials     Co.
                                            3,524,950         348,265
     *
        CoStar   Group   Inc.
                                             972,140         327,942
        Xylem   Inc.
                                            4,797,042         320,059
        Expeditors     International      of Washington      Inc.
                                            4,616,823         314,359
        CH  Robinson     Worldwide      Inc.
                                            3,675,570         309,079
     *
        Keysight    Technologies       Inc.
                                            4,974,712         308,830
        Broadridge     Financial     Solutions     Inc.
                                            3,114,266         299,748
        Martin   Marietta    Materials     Inc.
                                            1,672,959         287,531
        TransUnion
                                            4,933,847         280,243
        Dover   Corp.
                                            3,891,920         276,132
        Textron    Inc.
                                            5,829,068         268,079
        Jack  Henry   & Associates     Inc.
                                            2,059,746         260,599
        IDEX   Corp.
                                            2,045,942         258,321
        Kansas    City  Southern
                                            2,706,019         258,290
        Westrock     Co.
                                            6,828,915         257,860
        Old  Dominion     Freight    Line  Inc.
                                            1,965,687         242,743
     *
        First  Data  Corp.   Class   A
                                           14,280,131          241,477
        Masco   Corp.
                                            8,141,551         238,059
        PerkinElmer      Inc.
                                            2,966,960         233,055
     *
        Zebra   Technologies       Corp.
                                            1,432,521         228,100
        Lennox    International      Inc.
                                            1,021,975         223,669
     *
        United   Rentals    Inc.
                                            2,164,074         221,882
        Jacobs   Engineering      Group   Inc.
                                            3,787,769         221,433
     *
        Trimble    Inc.
                                            6,696,129         220,370
        Huntington      Ingalls   Industries     Inc.
                                            1,144,117         217,737
        Snap-on    Inc.
                                            1,496,539         217,432
        JB  Hunt   Transport     Services    Inc.
                                            2,325,677         216,381
        Packaging     Corp.   of America
                                            2,515,838         209,972
        Spirit   AeroSystems      Holdings    Inc.  Class   A
                                            2,836,259         204,466
        Allegion    plc
                                            2,539,492         202,423
     *
        Sensata    Technologies       Holding    plc
                                            4,376,624         196,248
        Arconic    Inc.
                                           11,599,507          195,568
     *
        XPO   Logistics    Inc.
                                            3,383,451         192,992
     *
        Teledyne     Technologies       Inc.
                                             912,887         189,032
        Graco   Inc.
                                            4,445,938         186,062
        Alliance    Data  Systems    Corp.
                                            1,232,840         185,025
        Robert   Half  International      Inc.
                                            3,071,672         175,700
        Pentair    plc
                                            4,623,753         174,685
     *
        HD  Supply    Holdings    Inc.
                                            4,654,585         174,640
        Cognex    Corp.
                                            4,363,178         168,724
                                490/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Berry   Global   Group   Inc.
                                            3,486,272         165,702
        AO  Smith   Corp.
                                            3,846,557         164,248
        Wabtec    Corp.
                                            2,319,434         162,940
        Booz   Allen   Hamilton     Holding    Corp.   Class   A
                                            3,599,810         162,243
     *
        WEX   Inc.
                                            1,147,751         160,754
        HEICO    Corp.   Class   A
                                            2,548,378         160,548
        FLIR   Systems    Inc.
                                            3,683,637         160,386
     *
        Arrow   Electronics     Inc.
                                            2,320,385         159,991
        Carlisle    Cos.  Inc.
                                            1,588,465         159,672
        Nordson    Corp.
                                            1,325,418         158,189
        AptarGroup      Inc.
                                            1,673,612         157,437
        National    Instruments      Corp.
                                            3,352,887         152,154
        Allison    Transmission       Holdings    Inc.
                                            3,458,355         151,856
     *
        Crown   Holdings    Inc.
                                            3,604,595         149,843
        Toro   Co.
                                            2,674,007         149,424
                                491/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Donaldson     Co.  Inc.
                                            3,414,666         148,162
        Sealed   Air  Corp.
                                            4,175,857         145,487
        Hubbell    Inc.  Class   B
                                            1,456,543         144,693
        Sonoco    Products    Co.
                                            2,659,002         141,273
     *
        Fair  Isaac   Corp.
                                             732,930         137,058
     *
        Euronet    Worldwide      Inc.
                                            1,305,639         133,671
        Flowserve     Corp.
                                            3,498,466         133,012
        Hexcel    Corp.
                                            2,293,822         131,528
        Lincoln    Electric    Holdings    Inc.
                                            1,632,586         128,729
        Owens   Corning
                                            2,925,079         128,645
        MDU   Resources     Group   Inc.
                                            5,227,316         124,619
        Acuity   Brands    Inc.
                                            1,069,518         122,941
        Fluor   Corp.
                                            3,755,152         120,916
        Watsco    Inc.
                                             854,894         118,950
        Oshkosh    Corp.
                                            1,914,228         117,361
        Quanta    Services    Inc.
                                            3,894,232         117,216
     *
        Genesee    & Wyoming     Inc.  Class   A
                                            1,552,846         114,942
        ITT  Inc.
                                            2,334,894         112,705
     *
        AECOM
                                            4,207,608         111,502
        MAXIMUS      Inc.
                                            1,708,524         111,208
        Bemis   Co.  Inc.
                                            2,417,588         110,967
        Woodward     Inc.
                                            1,484,055         110,250
        Littelfuse     Inc.
                                             636,508         109,148
        Avnet   Inc.
                                            2,988,487         107,884
        ManpowerGroup        Inc.
                                            1,661,308         107,653
        Curtiss-Wright       Corp.
                                            1,050,381         107,265
        Xerox   Corp.
                                            5,394,124         106,588
     ^
        Universal     Display    Corp.
                                            1,131,465         105,871
     *
        IPG  Photonics     Corp.
                                             926,630         104,978
        Landstar    System    Inc.
                                            1,095,122         104,770
        Genpact    Ltd.
                                            3,804,037         102,671
        BWX   Technologies       Inc.
                                            2,641,570         100,987
        Jabil  Inc.
                                            3,948,398          97,881
        Crane   Co.
                                            1,345,917          97,148
        nVent   Electric    plc
                                            4,301,823          96,619
     *
        Kirby   Corp.
                                            1,430,657          96,369
        USG   Corp.
                                            2,235,637          95,372
     *
        Esterline    Technologies       Corp.
                                             780,192         94,754
        AGCO    Corp.
                                            1,683,863          93,741
        Insperity    Inc.
                                            1,003,200          93,659
        MSC   Industrial     Direct   Co.  Inc.  Class   A
                                            1,209,050          93,000
     *
        Trex   Co.  Inc.
                                            1,565,194          92,910
        EMCOR    Group   Inc.
                                            1,531,960          91,443
     *
        Stericycle     Inc.
                                            2,407,180          88,319
        Graphic    Packaging     Holding    Co.
                                            8,263,233          87,921
        EnerSys
                                            1,124,484          87,271
        MSA   Safety   Inc.
                                             915,899         86,342
     *
        RBC   Bearings    Inc.
                                             644,004         84,429
        Louisiana-Pacific        Corp.
                                            3,750,175          83,329
                                492/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Brink's    Co.
                                            1,283,602          82,985
     *
        Generac    Holdings    Inc.
                                            1,653,604          82,184
        Knight-Swift      Transportation       Holdings    Inc.
                                            3,244,643          81,343
        Regal   Beloit   Corp.
                                            1,151,058          80,632
        Air  Lease   Corp.   Class   A
                                            2,625,886          79,328
     *
        Proto   Labs   Inc.
                                             688,072         77,608
        Tetra   Tech   Inc.
                                            1,477,683          76,500
        Armstrong     World   Industries     Inc.
                                            1,260,753          73,388
        Kennametal      Inc.
                                            2,187,554          72,802
     *
        Owens-Illinois       Inc.
                                            4,217,043          72,702
     *
        Allegheny     Technologies       Inc.
                                            3,338,446          72,678
        Eagle   Materials     Inc.
                                            1,188,238          72,518
     *
        ASGN   Inc.
                                            1,323,591          72,136
     *
        CoreLogic     Inc.
                                            2,141,928          71,583
        Macquarie     Infrastructure       Corp.
                                            1,930,900          70,594
                                493/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Gardner    Denver    Holdings    Inc.
                                            3,446,468          70,480
     *
        AMN   Healthcare     Services    Inc.
                                            1,243,372          70,449
        GATX    Corp.
                                             984,848         69,737
        Barnes   Group   Inc.
                                            1,288,232          69,075
        Exponent     Inc.
                                            1,361,329          69,033
     *
        Coherent    Inc.
                                             649,462         68,655
        Timken    Co.
                                            1,838,217          68,602
     *
        FTI  Consulting     Inc.
                                            1,020,998          68,039
        Trinity    Industries     Inc.
                                            3,301,933          67,987
     *
        MasTec    Inc.
                                            1,673,546          67,879
        Ryder   System    Inc.
                                            1,404,880          67,645
     *
        Resideo    Technologies       Inc.
                                            3,276,926          67,341
     *
        Clean   Harbors    Inc.
                                            1,347,226          66,486
     *
        Aerojet    Rocketdyne      Holdings    Inc.
                                            1,874,459          66,037
        Moog   Inc.  Class   A
                                             850,530         65,899
     *
        Integer    Holdings    Corp.
                                             861,931         65,731
     *
        Axon   Enterprise     Inc.
                                            1,472,652          64,429
        Vishay    Intertechnology        Inc.
                                            3,528,357          63,546
     *
        Rexnord    Corp.
                                            2,764,897          63,454
        Valmont    Industries     Inc.
                                             559,021         62,023
        John  Bean   Technologies       Corp.
                                             843,772         60,591
        Simpson    Manufacturing       Co.  Inc.
                                            1,118,608          60,550
     *
        Cimpress     NV
                                             579,523         59,934
     *
        SiteOne    Landscape     Supply    Inc.
                                            1,083,744          59,899
     *
        WESCO    International      Inc.
                                            1,241,222          59,579
        UniFirst    Corp.
                                             403,530         57,733
     *
        Beacon    Roofing    Supply    Inc.
                                            1,814,837          57,567
     *
        Mercury    Systems    Inc.
                                            1,209,898          57,216
        Korn/Ferry     International
                                            1,441,890          57,012
        KBR   Inc.
                                            3,730,178          56,624
        ABM   Industries     Inc.
                                            1,751,145          56,229
     *
        Novanta    Inc.
                                             867,011         54,622
        Applied    Industrial     Technologies       Inc.
                                            1,009,736          54,465
        Brady   Corp.   Class   A
                                            1,234,554          53,654
        Otter   Tail  Corp.
                                            1,060,380          52,637
     *
        II-VI   Inc.
                                            1,619,273          52,562
     *
        Paylocity     Holding    Corp.
                                             851,065         51,243
     *
        Conduent     Inc.
                                            4,818,160          51,217
        Granite    Construction      Inc.
                                            1,253,224          50,480
     *
        Imperva    Inc.
                                             888,960         49,506
        Terex   Corp.
                                            1,792,334          49,415
        Silgan   Holdings    Inc.
                                            2,037,204          48,119
        Deluxe    Corp.
                                            1,244,482          47,838
     *
        TriNet   Group   Inc.
                                            1,138,217          47,748
     *
        Rogers    Corp.
                                             479,477         47,497
     *
        Fabrinet
                                             923,989         47,410
        Watts   Water   Technologies       Inc.  Class   A
                                             731,188         47,184
        Albany    International      Corp.
                                             752,815         46,998
     *
        Advanced     Disposal    Services    Inc.
                                            1,883,239          45,085
                                494/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Belden    Inc.
                                            1,074,293          44,873
     *
        ExlService     Holdings    Inc.
                                             852,221         44,844
        EVERTEC      Inc.
                                            1,552,357          44,553
     *
        Plexus   Corp.
                                             855,183         43,683
        Franklin    Electric    Co.  Inc.
                                            1,011,717          43,382
        Altra   Industrial     Motion    Corp.
                                            1,717,530          43,196
        Triton   International      Ltd.
                                            1,385,415          43,045
        Comfort    Systems    USA   Inc.
                                             975,502         42,610
     *
        Dycom    Industries     Inc.
                                             787,929         42,580
     *
        Harsco    Corp.
                                            2,139,270          42,486
     *
        Colfax   Corp.
                                            2,026,939          42,363
     *
        TopBuild     Corp.
                                             933,250         41,996
        Covanta    Holding    Corp.
                                            3,127,482          41,971
        ESCO   Technologies       Inc.
                                             632,884         41,739
        Forward    Air  Corp.
                                             759,820         41,676
                                495/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Cubic   Corp.
                                             774,637         41,629
     *
        Itron   Inc.
                                             877,045         41,475
     *
        Sanmina    Corp.
                                            1,715,022          41,263
        Kaman    Corp.
                                             724,085         40,614
        Universal     Forest   Products    Inc.
                                            1,558,440          40,457
     *
        Anixter    International      Inc.
                                             732,146         39,763
        HEICO    Corp.
                                             508,953         39,434
     *
        MINDBODY       Inc.  Class   A
                                            1,083,292          39,432
     *
        Aerovironment       Inc.
                                             569,090         38,670
        Mueller    Water   Products    Inc.  Class   A
                                            4,186,606          38,098
     *
        Saia  Inc.
                                             675,834         37,725
        Badger    Meter   Inc.
                                             753,717         37,090
        Mobile    Mini   Inc.
                                            1,164,443          36,971
     *
        Summit    Materials     Inc.  Class   A
                                            2,977,386          36,920
        Werner    Enterprises     Inc.
                                            1,242,265          36,696
        World   Fuel  Services    Corp.
                                            1,694,212          36,273
        US  Ecology    Inc.
                                             574,402         36,176
        AAON    Inc.
                                            1,025,331          35,948
        Matson    Inc.
                                            1,107,225          35,453
        Schneider     National    Inc.  Class   B
                                            1,893,676          35,355
        ManTech     International      Corp.   Class   A
                                             675,356         35,318
     *
        Evolent    Health   Inc.  Class   A
                                            1,753,398          34,980
     *
        Navistar    International      Corp.
                                            1,324,129          34,361
        Greenbrier     Cos.  Inc.
                                             865,938         34,239
        Raven   Industries     Inc.
                                             939,653         34,006
        Mueller    Industries     Inc.
                                            1,432,745          33,469
     *
        Builders    FirstSource      Inc.
                                            3,060,768          33,393
     *
        Air  Transport     Services    Group   Inc.
                                            1,457,990          33,257
        Actuant    Corp.   Class   A
                                            1,577,741          33,117
        Rush   Enterprises     Inc.  Class   A
                                             955,821         32,957
     *
        Masonite     International      Corp.
                                             731,057         32,773
        EnPro   Industries     Inc.
                                             543,251         32,649
     *
        SPX  FLOW    Inc.
                                            1,069,507          32,534
        AAR   Corp.
                                             868,649         32,435
     *
        Knowles    Corp.
                                            2,414,681          32,139
     *
        TriMas    Corp.
                                            1,166,900          31,845
     *
        OSI  Systems    Inc.
                                             433,541         31,779
     *
        Hub  Group   Inc.  Class   A
                                             839,822         31,132
        McGrath    RentCorp
                                             604,383         31,114
        Federal    Signal   Corp.
                                            1,533,613          30,519
        ICF  International      Inc.
                                             470,548         30,482
     *
        Kratos   Defense    & Security    Solutions     Inc.
                                            2,155,316          30,368
     *
        SPX  Corp.
                                            1,082,250          30,314
     *
        Huron   Consulting     Group   Inc.
                                             586,973         30,118
     *
        Gibraltar    Industries     Inc.
                                             843,143         30,007
     *
        Casella    Waste   Systems    Inc.  Class   A
                                            1,048,009          29,858
        Greif   Inc.  Class   A
                                             789,980         29,316
     *,^
        Ambarella     Inc.
                                             823,403         28,803
        Navigant     Consulting     Inc.
                                            1,167,886          28,088
                                496/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        AZZ   Inc.
                                             671,303         27,094
        Lindsay    Corp.
                                             281,044         27,050
     *
        CBIZ   Inc.
                                            1,370,127          26,991
        Benchmark      Electronics     Inc.
                                            1,231,518          26,084
     *
        BMC   Stock   Holdings    Inc.
                                            1,683,867          26,066
     *
        Pluralsight     Inc.  Class   A
                                            1,091,991          25,716
     *
        Electro    Scientific     Industries     Inc.
                                             858,248         25,713
     *
        Sykes   Enterprises     Inc.
                                            1,035,291          25,603
     *
        Atlas   Air  Worldwide      Holdings    Inc.
                                             604,951         25,523
     *
        JELD-WEN      Holding    Inc.
                                            1,793,480          25,485
     *,^
        Inovalon    Holdings    Inc.  Class   A
                                            1,796,859          25,479
     *
        Cardtronics      plc  Class   A
                                             977,419         25,413
        Encore    Wire   Corp.
                                             504,762         25,329
        Boise   Cascade    Co.
                                            1,042,310          24,859
     *
        Continental      Building    Products    Inc.
                                             976,578         24,854
                                497/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Sun  Hydraulics     Corp.
                                             737,075         24,464
     *
        Atkore   International      Group   Inc.
                                            1,228,299          24,369
        Aircastle    Ltd.
                                            1,400,193          24,139
        KEMET    Corp.
                                            1,371,997          24,065
     *
        Verra   Mobility    Corp.
                                            2,439,800          23,812
        Advanced     Drainage    Systems    Inc.
                                             978,901         23,738
     *
        TTM   Technologies       Inc.
                                            2,414,417          23,492
     *
        PGT  Innovations      Inc.
                                            1,457,305          23,098
     *
        TrueBlue     Inc.
                                            1,030,124          22,920
        Kadant    Inc.
                                             280,234         22,828
        Tennant    Co.
                                             431,615         22,491
        Heartland     Express    Inc.
                                            1,200,076          21,961
        ArcBest    Corp.
                                             640,406         21,940
        Apogee    Enterprises     Inc.
                                             725,282         21,650
     *
        Milacron    Holdings     Corp.
                                            1,819,072          21,629
        Standex    International      Corp.
                                             318,261         21,381
        Methode    Electronics     Inc.
                                             916,338         21,342
        Primoris    Services    Corp.
                                            1,065,872          20,390
        AVX   Corp.
                                            1,325,010          20,206
     *
        Installed    Building    Products    Inc.
                                             580,126         19,544
        Douglas    Dynamics     Inc.
                                             533,862         19,160
        Kforce   Inc.
                                             615,060         19,018
        CTS  Corp.
                                             718,354         18,598
        Wabash    National    Corp.
                                            1,420,648          18,582
        Maxar   Technologies       Ltd.
                                            1,547,928          18,513
        GrafTech     International      Ltd.
                                            1,610,669          18,426
        Mesa   Laboratories      Inc.
                                             87,324         18,197
     *
        Astronics     Corp.
                                             597,165         18,184
     *
        Vicor   Corp.
                                             480,517         18,159
        MTS   Systems    Corp.
                                             452,070         18,142
     *
        FARO   Technologies       Inc.
                                             439,263         17,852
        Alamo   Group   Inc.
                                             230,635         17,833
        Cass  Information      Systems    Inc.
                                             335,547         17,757
     *,^
        MACOM     Technology      Solutions     Holdings    Inc.
                                            1,204,795          17,482
        Gorman-Rupp       Co.
                                             528,589         17,132
        H&E   Equipment     Services    Inc.
                                             837,846         17,109
     *
        Patrick    Industries     Inc.
                                             572,818         16,961
     *
        Tutor   Perini   Corp.
                                            1,052,195          16,804
        Columbus     McKinnon     Corp.
                                             552,359         16,648
        Astec   Industries     Inc.
                                             551,052         16,636
     *
        Thermon    Group   Holdings    Inc.
                                             817,108         16,571
        Kelly   Services    Inc.  Class   A
                                             804,273         16,472
     *
        SEACOR     Holdings    Inc.
                                             420,248         15,549
     *
        NV5   Global   Inc.
                                             256,442         15,528
     *
        Gates   Industrial     Corp.   plc
                                            1,169,306          15,482
        Marten    Transport     Ltd.
                                             950,214         15,384
     *
        Evo  Payments     Inc.  Class   A
                                             623,366         15,378
        Hyster-Yale      Materials     Handling     Inc.
                                             244,576         15,154
     *,^
        US  Concrete    Inc.
                                             419,838         14,812
                                498/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Argan   Inc.
                                             388,590         14,704
        Heidrick    & Struggles     International      Inc.
                                             470,577         14,677
        Triumph    Group   Inc.
                                            1,236,161          14,216
     *
        Echo   Global   Logistics     Inc.
                                             694,980         14,129
     *
        Engility    Holdings    Inc.
                                             485,605         13,820
     *
        Manitowoc      Co.  Inc.
                                             923,440         13,639
        Briggs   & Stratton    Corp.
                                            1,023,156          13,383
        Global   Brass   & Copper    Holdings    Inc.
                                             526,608         13,244
        DMC   Global   Inc.
                                             370,109         12,998
        Kimball    International      Inc.  Class   B
                                             915,360         12,989
     *
        Aegion    Corp.   Class   A
                                             772,491         12,607
        Quanex    Building    Products    Corp.
                                             925,744         12,581
        Ennis   Inc.
                                             651,478         12,541
        Myers   Industries     Inc.
                                             804,543         12,157
     *
        Control4    Corp.
                                             677,747         11,928
                                499/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Insteel   Industries     Inc.
                                             490,926         11,920
     *
        Donnelley     Financial     Solutions     Inc.
                                             841,113         11,801
     *,^
        Team   Inc.
                                             792,619         11,612
     *
        DXP   Enterprises     Inc.
                                             401,573         11,180
        National    Research    Corp.
                                             289,778         11,052
     *
        CAI  International      Inc.
                                             474,091         11,013
     *
        Ducommun      Inc.
                                             303,154         11,011
     *
        MYR   Group   Inc.
                                             390,071         10,988
        Resources     Connection      Inc.
                                             761,653         10,815
        Essendant     Inc.
                                             851,883         10,717
        Park  Electrochemical        Corp.
                                             586,069         10,590
        NVE   Corp.
                                             119,611         10,471
     *
        Great   Lakes   Dredge    & Dock   Corp.
                                            1,577,589          10,444
        Barrett   Business    Services    Inc.
                                             182,268         10,435
        TTEC   Holdings    Inc.
                                             359,368         10,267
        Quad/Graphics       Inc.
                                             808,240          9,958
     *
        Heritage-Crystal        Clean   Inc.
                                             423,201          9,738
     *
        Kimball    Electronics     Inc.
                                             626,636          9,707
     *
        Willdan    Group   Inc.
                                             273,086          9,553
     *
        International      Seaways    Inc.
                                             541,935          9,126
        Miller   Industries     Inc.
                                             336,376          9,082
        Daktronics     Inc.
                                            1,216,874           9,005
     *
        Veeco   Instruments      Inc.
                                            1,213,128           8,989
     *,^
        CryoPort    Inc.
                                             807,045          8,902
        Allied   Motion    Technologies       Inc.
                                             199,138          8,899
     *
        Sterling    Construction      Co.  Inc.
                                             797,204          8,682
     *
        Landec    Corp.
                                             719,371          8,517
        CRA   International      Inc.
                                             195,182          8,305
        Graham    Corp.
                                             351,213          8,022
     *
        UFP  Technologies       Inc.
                                             261,648          7,860
     *,^
        Livent   Corp.
                                             567,839          7,836
     *
        Vishay    Precision     Group   Inc.
                                             258,080          7,802
        NN  Inc.
                                            1,152,697           7,735
     *
        Cross   Country    Healthcare     Inc.
                                            1,036,334           7,596
     *
        Nuvectra     Corp.
                                             445,301          7,276
        B. Riley   Financial     Inc.
                                             508,674          7,223
     *
        Armstrong     Flooring    Inc.
                                             606,011          7,175
        Multi-Color      Corp.
                                             200,788          7,046
        Hurco   Cos.  Inc.
                                             194,786          6,954
     *
        Franklin    Covey   Co.
                                             303,613          6,780
        Powell    Industries     Inc.
                                             269,908          6,750
     *,^
        Energy    Recovery     Inc.
                                             999,797          6,729
        VSE  Corp.
                                             222,438          6,653
     *
        Blue  Bird  Corp.
                                             364,293          6,626
     *
        Eagle   Bulk   Shipping    Inc.
                                            1,428,322           6,585
        Advanced     Emissions     Solutions     Inc.
                                             622,187          6,564
     *
        PRGX   Global   Inc.
                                             685,615          6,493
     *
        Northwest     Pipe  Co.
                                             273,289          6,365
        Park-Ohio     Holdings    Corp.
                                             206,719          6,344
                                500/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        IntriCon    Corp.
                                             239,580          6,320
     *,^
        BlueLinx     Holdings    Inc.
                                             253,321          6,260
        Spartan    Motors    Inc.
                                             857,118          6,197
     *
        Information      Services    Group   Inc.
                                            1,427,047           6,051
     *
        Mistras    Group   Inc.
                                             420,304          6,044
     *
        Covenant     Transportation       Group   Inc.  Class   A
                                             302,080          5,800
     *
        CECO   Environmental       Corp.
                                             840,101          5,671
     *
        Twin   Disc  Inc.
                                             380,026          5,605
     *
        Era  Group   Inc.
                                             632,959          5,532
        BG  Staffing    Inc.
                                             267,691          5,528
     *
        InnerWorkings       Inc.
                                            1,431,173           5,353
     *
        GP  Strategies     Corp.
                                             421,245          5,312
     *
        Napco   Security    Technologies       Inc.
                                             336,052          5,293
     *
        Sparton    Corp.
                                             280,551          5,103
     *
        Lydall   Inc.
                                             243,505          4,946
                                501/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Omega    Flex  Inc.
                                             91,330         4,938
        Bel  Fuse  Inc.  Class   B
                                             266,476          4,908
     *
        ShotSpotter      Inc.
                                             154,978          4,832
     *
        Commercial      Vehicle    Group   Inc.
                                             817,175          4,658
     *
        Everi   Holdings    Inc.
                                             893,033          4,599
        Griffon    Corp.
                                             439,398          4,592
     *
        Radiant    Logistics    Inc.
                                            1,061,854           4,513
        EVI  Industries     Inc.
                                             134,817          4,496
     *
        Willis   Lease   Finance    Corp.
                                             128,860          4,459
     *
        LB  Foster   Co.  Class   A
                                             278,605          4,430
     *
        Daseke    Inc.
                                            1,202,357           4,425
        Eastern    Co.
                                             180,832          4,373
     *
        Acacia   Research    Corp.
                                            1,435,005           4,276
     *
        Intevac    Inc.
                                             751,302          3,929
     *
        Lawson    Products    Inc.
                                             120,622          3,812
     *,^
        Energous     Corp.
                                             652,950          3,781
     *
        CyberOptics      Corp.
                                             212,407          3,745
     *
        USA   Truck   Inc.
                                             249,697          3,738
     *
        Gencor    Industries     Inc.
                                             332,187          3,644
     *
        Orion   Group   Holdings    Inc.
                                             841,239          3,609
     *,^
        Turtle   Beach   Corp.
                                             248,034          3,539
        NACCO    Industries     Inc.  Class   A
                                             101,152          3,429
        Universal     Logistics    Holdings    Inc.
                                             187,298          3,388
     *
        Transcat    Inc.
                                             176,375          3,355
     *,^
        Cardlytics     Inc.
                                             309,483          3,352
        United   States   Lime   & Minerals    Inc.
                                             47,159         3,348
        Crawford     & Co.  Class   A
                                             367,479          3,271
     *
        IES  Holdings    Inc.
                                             209,645          3,260
     *
        Foundation      Building    Materials     Inc.
                                             381,771          3,173
        Crawford     & Co.  Class   B
                                             350,182          3,152
     *
        General    Finance    Corp.
                                             305,932          3,093
        Global   Water   Resources     Inc.
                                             295,043          2,992
     *
        Iteris   Inc.
                                             792,279          2,955
        Richardson      Electronics     Ltd.
                                             339,072          2,947
     *
        ServiceSource       International      Inc.
                                            2,650,656           2,863
     *
        OptimizeRx      Corp.
                                             258,343          2,834
     *
        PAM   Transportation       Services    Inc.
                                             65,281         2,573
     *,^
        Maxwell    Technologies       Inc.
                                            1,219,253           2,524
     *
        Houston    Wire   & Cable   Co.
                                             465,712          2,356
     *,^
        Asure   Software    Inc.
                                             452,640          2,299
     *
        StarTek    Inc.
                                             338,150          2,249
     *
        Luna   Innovations      Inc.
                                             659,902          2,211
     *
        Ultralife    Corp.
                                             324,252          2,189
     *,^
        Forterra    Inc.
                                             565,451          2,126
     *
        Universal     Technical     Institute    Inc.
                                             564,724          2,061
     *
        Frequency     Electronics     Inc.
                                             191,069          2,025
     *,^
        ExOne   Co.
                                             303,438          2,009
     *
        3PEA   International      Inc.
                                             564,546          1,987
     *
        DHI  Group   Inc.
                                            1,254,116           1,906
                                502/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Arotech    Corp.
                                             717,564          1,880
     *
        Perceptron     Inc.
                                             207,487          1,672
     *
        CIRCOR     International      Inc.
                                             73,933         1,575
     *
        Patriot   Transportation       Holding    Inc.
                                             80,602         1,571
     *,^
        Aqua   Metals   Inc.
                                             841,348          1,531
     *,^
        MicroVision      Inc.
                                            2,514,638           1,519
        RF  Industries     Ltd.
                                             201,049          1,460
        Steel   Connect    Inc.
                                             822,121          1,422
     *
        CPI  Aerostructures       Inc.
                                             222,135          1,415
     *
        NCI  Building    Systems    Inc.
                                             191,859          1,391
     *
        Goldfield     Corp.
                                             599,302          1,354
     *
        Lincoln    Educational      Services    Corp.
                                             420,738          1,346
     *
        Wesco    Aircraft    Holdings    Inc.
                                             156,685          1,238
     *
        Perma-Pipe      International      Holdings    Inc.
                                             139,330          1,219
     *
        Sharps   Compliance      Corp.
                                             345,073          1,132
                                503/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        IEC  Electronics     Corp.
                                             195,868          1,120
        LSI  Industries     Inc.
                                             337,386          1,070
     *,^
        Horizon    Global   Corp.
                                             692,184           990
     *,^
        eMagin    Corp.
                                             941,638           970
     *
        FreightCar     America    Inc.
                                             136,294           912
        Espey   Manufacturing       & Electronics     Corp.
                                             36,513          910
     *
        NRC   Group   Holdings    Corp.
                                             115,588           884
     *
        Hudson    Global   Inc.
                                             612,530           827
     *
        Taylor   Devices    Inc.
                                             67,427          809
        Issuer   Direct   Corp.
                                             68,008          772
     *
        Charah    Solutions     Inc.
                                             91,860          767
        RR  Donnelley     & Sons   Co.
                                             189,623           751
     *,^
        LightPath     Technologies       Inc.  Class   A
                                             479,513           714
     *
        Tecogen    Inc.
                                             168,227           611
        AMCON     Distributing      Co.
                                              6,102         609
     *,^
        Medical    Transcription       Billing   Corp.
                                             158,438           602
     ^
        ADT   Inc.
                                             100,100           602
     *
        PFSweb    Inc.
                                             110,737           568
     *
        Wireless    Telecom    Group   Inc.
                                             316,572           560
     *,^
        Odyssey    Marine    Exploration      Inc.
                                             166,648           555
     *
        Air  T Inc.
                                             21,726          532
     *
        SIFCO    Industries     Inc.
                                             152,452           526
        Greif   Inc.  Class   B
                                             11,156          495
     *,^
        Lightbridge      Corp.
                                             754,234           411
     *
        ARC   Document     Solutions     Inc.
                                             193,400           396
        Ecology    and  Environment      Inc.
                                             34,432          390
     *
        ALJ  Regional    Holdings    Inc.
                                             287,886           377
        Chicago    Rivet   & Machine    Co.
                                             11,328          357
     *
        Image   Sensing    Systems    Inc.
                                             78,888          355
     *
        UQM   Technologies       Inc.
                                             411,473           350
     *
        Manitex    International      Inc.
                                             60,530          344
     *
        Perma-Fix     Environmental       Services
                                             140,143           329
     *
        CUI  Global   Inc.
                                             250,700           308
        Rush   Enterprises     Inc.  Class   B
                                              7,149         254
     *
        DLH   Holdings    Corp.
                                             52,984          251
     *,^
        Digital   Ally  Inc.
                                             92,198          247
     *
        AMREP    Corp.
                                             41,229          245
     *
        Fuel  Tech   Inc.
                                             195,916           233
     *
        Ballantyne     Strong   Inc.
                                             174,184           200
     *,^
        Workhorse     Group   Inc.
                                             376,786           199
     *
        Rubicon    Technology      Inc.
                                             24,849          196
     *
        Command     Security    Corp.
                                             69,851          196
     *,^
        Capstone     Turbine    Corp.
                                             312,203           187
     *
        Vertex    Energy    Inc.
                                             175,910           179
     *
        Broadwind     Energy    Inc.
                                             134,882           175
     *
        Black   Box  Corp.
                                             161,725           175
     *,^
        Applied    DNA   Sciences    Inc.
                                             423,983           170
     *
        Coda   Octopus    Group   Inc.
                                             28,445          166
     *
        Jewett-Cameron        Trading    Co.  Ltd.
                                             21,200          151
                                504/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Summit    Wireless    Technologies       Inc.
                                             40,430          138
        LSC  Communications        Inc.
                                             17,799          125
     *,^
        Revolution     Lighting    Technologies       Inc.
                                             294,100           116
     *
        Pioneer    Power   Solutions     Inc.
                                             19,717          104
     *
        Continental      Materials     Corp.
                                              8,941          97
     *
        US  Xpress   Enterprises     Inc.  Class   A
                                             15,500           87
     *,^
        DPW   Holdings    Inc.
                                             643,967           66
     *,^
        Research    Frontiers    Inc.
                                             41,627           65
     *
        AeroCentury      Corp.
                                              6,716          64
     *,^
        Marathon     Patent   Group   Inc.
                                             165,563           60
     *
        Huttig   Building    Products    Inc.
                                             32,919           59
     *
        Volt  Information      Sciences    Inc.
                                             27,105           58
     *
        Payment    Data  Systems    Inc.
                                             30,184           50
        Servotronics      Inc.
                                              4,914          49
     *
        LGL   Group   Inc.
                                              7,908          48
                                505/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        ENGlobal     Corp.
                                             79,627           45
     *
        Bio-key    International      Inc.
                                             54,321           41
        Bel  Fuse  Inc.  Class   A
                                              2,773          38
     *
        ASV   Holdings    Inc.
                                             15,986           32
     *
        Energy    Focus   Inc.
                                             40,994           25
     *
        Industrial     Services    of America    Inc.
                                             22,612           25
     *
        Sypris   Solutions     Inc.
                                             31,729           25
     *
        Air  Industries     Group
                                             30,824           22
     *
        EnSync    Inc.
                                             102,372           18
     *
        Professional      Diversity     Network    Inc.
                                             17,285           17
     *,^
        Boxlight    Corp.   Class   A
                                             12,500           15
     *,^
        Hudson    Technologies       Inc.
                                              8,677           8
     *
        Quest   Resource     Holding    Corp.
                                              2,760           4
     *
        Polar   Power   Inc.
                                               700          3
     *,§
        Patriot   National    Inc.
                                             129,819            3
     *
        Cemtrex    Inc.
                                               820          -
     *
        Dorian   LPG  Ltd.
                                                        -
                                               20
                                                    86,436,752
     Oil  & Gas  (5.0%)
        Exxon   Mobil   Corp.
                                           113,056,417          7,709,317
        Chevron    Corp.
                                           51,040,764         5,552,725
        ConocoPhillips
                                           30,760,203         1,917,899
        EOG   Resources     Inc.
                                           15,497,769         1,351,560
        Schlumberger       Ltd.
                                           36,975,353         1,334,071
        Occidental     Petroleum     Corp.
                                           20,171,504         1,238,127
        Marathon     Petroleum     Corp.
                                           18,457,340         1,089,168
        Phillips    66
                                           11,703,920         1,008,293
        Valero    Energy    Corp.
                                           11,335,926          849,854
        Kinder   Morgan    Inc.
                                           50,105,568          770,624
        Williams     Cos.  Inc.
                                           32,337,588          713,044
        Pioneer    Natural    Resources     Co.
                                            4,556,092         599,217
        ONEOK    Inc.
                                           10,991,047          592,967
        Anadarko     Petroleum     Corp.
                                           13,476,858          590,825
        Halliburton      Co.
                                           22,199,445          590,061
     *
        Concho    Resources     Inc.
                                            5,352,480         550,181
        Diamondback       Energy    Inc.
                                            4,378,462         405,883
     *
        Cheniere    Energy    Inc.
                                            6,170,562         365,236
        Marathon     Oil  Corp.
                                           22,197,527          318,313
        Hess   Corp.
                                            7,519,580         304,543
        Baker   Hughes    a GE  Co.  Class   A
                                           13,693,897          294,419
        Devon   Energy    Corp.
                                           11,848,957          267,075
        Apache    Corp.
                                           10,109,289          265,369
        National    Oilwell    Varco   Inc.
                                           10,202,203          262,197
        Cabot   Oil  & Gas  Corp.
                                           11,481,265          256,606
        Noble   Energy    Inc.
                                           12,791,605          239,971
        HollyFrontier       Corp.
                                            4,617,898         236,067
        Targa   Resources     Corp.
                                            6,105,872         219,934
        OGE   Energy    Corp.
                                            5,318,413         208,429
        Cimarex    Energy    Co.
                                            2,547,695         157,065
                                506/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Helmerich     & Payne   Inc.
                                            2,760,341         132,331
        EQT   Corp.
                                            6,787,163         128,210
     *
        WPX   Energy    Inc.
                                           11,203,775          127,163
     *
        Parsley    Energy    Inc.  Class   A
                                            7,071,139         112,997
     *
        Equitrans     Midstream     Corp.
                                            5,440,902         108,927
        Murphy    Oil  Corp.
                                            4,387,074         102,614
     *,^
        Transocean      Ltd.
                                           14,642,727          101,621
     *
        Continental      Resources     Inc.
                                            2,514,265         101,048
        PBF  Energy    Inc.  Class   A
                                            3,042,241          99,390
     *
        First  Solar   Inc.
                                            1,948,143          82,708
     *
        Newfield     Exploration      Co.
                                            5,324,204          78,053
        Delek   US  Holdings    Inc.
                                            2,177,124          70,778
     ^
        Core   Laboratories      NV
                                            1,179,549          70,372
        Range   Resources     Corp.
                                            6,658,366          63,721
     *
        Antero   Resources     Corp.
                                            6,736,496          63,256
                                507/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Patterson-UTI       Energy    Inc.
                                            5,507,827          57,006
     *
        Apergy    Corp.
                                            2,057,251          55,710
     *
        Whiting    Petroleum     Corp.
                                            2,438,185          55,322
     *
        Centennial     Resource     Development       Inc.  Class   A
                                            4,922,809          54,249
     *
        Chart   Industries     Inc.
                                             830,226         53,990
     *
        Southwestern       Energy    Co.
                                           15,412,202           52,556
     *
        PDC   Energy    Inc.
                                            1,750,731          52,102
     *,^
        Chesapeake      Energy    Corp.
                                           23,229,804           48,783
     *
        Oasis   Petroleum     Inc.
                                            8,455,703          46,760
        SM  Energy    Co.
                                            2,982,827          46,174
     *
        Matador    Resources     Co.
                                            2,804,401          43,552
     ^
        Ensco   plc  Class   A
                                           11,629,243           41,400
     *
        CNX   Resources     Corp.
                                            3,547,881          40,517
     *
        Callon   Petroleum     Co.
                                            6,009,298          39,000
     *
        QEP  Resources     Inc.
                                            6,246,965          35,170
     *
        NOW   Inc.
                                            2,883,349          33,562
     *
        Oceaneering      International      Inc.
                                            2,597,896          31,435
     *
        Arcosa    Inc.
                                            1,116,144          30,906
     *
        SRC  Energy    Inc.
                                            6,445,257          30,293
        McDermott      International      Inc.
                                            4,578,887          29,946
     *
        Magnolia     Oil  & Gas  Corp.
                                            2,648,968          29,695
     *
        Dril-Quip     Inc.
                                             983,182         29,525
        SemGroup     Corp.   Class   A
                                            2,082,876          28,702
     *
        Rowan    Cos.  plc  Class   A
                                            3,369,041          28,266
        CVR   Energy    Inc.
                                             808,421         27,874
     *
        MRC   Global   Inc.
                                            2,274,688          27,819
     *
        ProPetro    Holding    Corp.
                                            2,203,673          27,149
     *
        Cactus   Inc.  Class   A
                                             989,173         27,113
     *
        Gulfport    Energy    Corp.
                                            3,916,155          25,651
        Archrock     Inc.
                                            3,419,375          25,611
     *
        Carrizo    Oil  & Gas  Inc.
                                            2,213,803          24,994
     *
        Renewable     Energy    Group   Inc.
                                             899,589         23,119
     *
        C&J  Energy    Services    Inc.
                                            1,596,149          21,548
     *
        Denbury    Resources     Inc.
                                           12,273,735           20,988
     *
        Oil  States   International      Inc.
                                            1,422,310          20,311
     *
        Helix   Energy    Solutions     Group   Inc.
                                            3,694,700          19,988
     *
        Unit  Corp.
                                            1,319,209          18,838
     *
        Penn   Virginia    Corp.
                                             338,966         18,325
     *
        Northern    Oil  and  Gas  Inc.
                                            8,059,585          18,215
        Nabors    Industries     Ltd.
                                            8,967,801          17,936
     *,^
        Tellurian     Inc.
                                            2,544,628          17,685
     *
        California     Resources     Corp.
                                            1,003,419          17,098
     *
        Laredo    Petroleum     Inc.
                                            4,689,527          16,976
     *
        Noble   Corp.   plc
                                            6,424,982          16,833
     *
        TPI  Composites      Inc.
                                             639,958         15,730
     *
        Tidewater     Inc.
                                             813,318         15,559
     *
        Newpark     Resources     Inc.
                                            2,242,222          15,404
     *,^
        Diamond     Offshore    Drilling    Inc.
                                            1,618,029          15,274
     *
        Exterran    Corp.
                                             850,875         15,060
                                508/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        RPC  Inc.
                                            1,430,113          14,115
     *
        Superior    Energy    Services    Inc.
                                            4,184,455          14,018
        Green   Plains   Inc.
                                            1,032,886          13,541
     *
        WildHorse     Resource     Development       Corp.
                                             945,861         13,346
     *,^
        Resolute    Energy    Corp.
                                             457,673         13,263
     *,^
        Jagged   Peak   Energy    Inc.
                                            1,429,558          13,038
     *
        Par  Pacific    Holdings    Inc.
                                             845,220         11,985
     *
        KLX   Energy    Services    Holdings    Inc.
                                             509,580         11,950
     *
        Matrix   Service    Co.
                                             658,160         11,807
        Liberty    Oilfield    Services    Inc.  Class   A
                                             908,424         11,764
     *,^
        Enphase    Energy    Inc.
                                            2,166,590          10,248
     *
        REX   American     Resources     Corp.
                                             145,927          9,939
     *
        Keane   Group   Inc.
                                            1,203,078           9,841
     *
        Bonanza    Creek   Energy    Inc.
                                             469,584          9,706
     *
        W&T   Offshore    Inc.
                                            2,333,453           9,614
                                509/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Nine   Energy    Service    Inc.
                                             392,059          8,837
     *
        Forum   Energy    Technologies       Inc.
                                            2,128,461           8,791
     *,^
        SunPower     Corp.   Class   A
                                            1,633,340           8,118
     *
        Roan   Resources     Inc.
                                             954,515          7,999
     *
        Talos   Energy    Inc.
                                             487,490          7,956
     ^
        Solaris   Oilfield    Infrastructure       Inc.  Class   A
                                             655,269          7,922
     *
        HighPoint     Resources     Corp.
                                            2,836,688           7,063
     *
        Natural    Gas  Services    Group   Inc.
                                             408,122          6,710
     *
        Ameresco     Inc.  Class   A
                                             472,549          6,663
        Panhandle     Oil  and  Gas  Inc.  Class   A
                                             420,425          6,517
        Mammoth     Energy    Services    Inc.
                                             341,448          6,139
     *
        TETRA    Technologies       Inc.
                                            3,516,988           5,909
     *
        FTS  International      Inc.
                                             828,010          5,887
        Evolution     Petroleum     Corp.
                                             850,210          5,798
     *
        Abraxas    Petroleum     Corp.
                                            4,689,560           5,112
     *,^
        American     Superconductor        Corp.
                                             424,134          4,729
     *
        Trecora    Resources
                                             598,320          4,667
     *
        SilverBow     Resources     Inc.
                                             195,058          4,611
     *
        Green   Brick   Partners    Inc.
                                             624,917          4,524
     *
        Independence       Contract    Drilling    Inc.
                                            1,382,906           4,315
     *
        SEACOR     Marine    Holdings    Inc.
                                             336,561          3,958
     *,^
        Legacy    Reserves    Inc.
                                            2,558,847           3,941
     *
        Chaparral     Energy    Inc.  Class   A
                                             763,888          3,758
     *
        Goodrich     Petroleum     Corp.
                                             265,176          3,580
     *,^
        Plug  Power   Inc.
                                            2,389,426           2,963
     *
        Geospace     Technologies       Corp.
                                             271,004          2,794
        Berry   Petroleum     Corp.
                                             319,148          2,793
     *,^
        Bristow    Group   Inc.
                                            1,026,587           2,495
     *
        Gulf  Island   Fabrication      Inc.
                                             342,749          2,475
     *
        Infrastructure       and  Energy    Alternatives      Inc.
                                             296,274          2,426
     *
        Contango     Oil  & Gas  Co.
                                             694,493          2,257
     *,^
        Comstock     Resources     Inc.
                                             469,715          2,128
        Adams    Resources     & Energy    Inc.
                                             52,702         2,040
     *
        Isramco    Inc.
                                             17,203         2,039
     *
        Earthstone     Energy    Inc.  Class   A
                                             446,981          2,020
     *
        Dawson    Geophysical      Co.
                                             580,779          1,963
     *
        Altus   Midstream     Co.  Class   A
                                             240,505          1,859
     *
        NCS   Multistage     Holdings    Inc.
                                             323,026          1,644
     *
        Lonestar    Resources     US  Inc.  Class   A
                                             442,746          1,616
     *,^
        FuelCell    Energy    Inc.
                                            2,644,061           1,456
     *,^
        EP  Energy    Corp.   Class   A
                                            1,635,435           1,145
     *
        Ring   Energy    Inc.
                                             188,279           956
     *,^
        US  Well   Services    Inc.
                                             139,200           905
     *
        Ranger    Energy    Services    Inc.
                                             174,110           900
     *
        Quintana    Energy    Services    Inc.
                                             240,859           833
     *
        SandRidge     Energy    Inc.
                                             107,291           816
     *
        VAALCO     Energy    Inc.
                                             518,252           762
     *,^
        Approach     Resources     Inc.
                                             543,177           474
     *
        Hornbeck     Offshore    Services    Inc.
                                             304,438           438
                                510/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Superior    Drilling    Products    Inc.
                                             341,897           400
     *
        Pioneer    Energy    Services    Corp.
                                             322,269           396
     *
        ION  Geophysical      Corp.
                                             71,876          372
     *,^
        Torchlight     Energy    Resources     Inc.
                                             496,202           280
     *
        Mitcham    Industries     Inc.
                                             103,443           265
     *
        Rosehill    Resources     Inc.  Class   A
                                             83,245          186
     *,^
        Talos   Energy    Inc.  Warrants     Exp.  02/28/2021
                                             116,107           131
     *,^
        Zion  Oil  & Gas  Inc.
                                             264,857           111
     *,^
        Enservco     Corp.
                                             243,940           90
     *,^
        PHI  Inc.
                                             38,724           87
     *,^
        Ideal   Power   Inc.
                                             94,214           23
     *
        Flotek   Industries     Inc.
                                             16,578           18
     *
        Tidewater     Inc.  Warrants     Series   A
                                              8,839          15
     *
        Tidewater     Inc.  Warrants     Series   B
                                              9,555          13
     *
        PEDEVCO      Corp.
                                              8,400           6
                                511/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        SAExploration       Holdings    Inc.
                                              1,505           3
     *
        PrimeEnergy      Corp.
                                               17         1
     *,^
        Bonanza    Creek   Energy    Inc.  Warrants     Exp.  04/28/2020
                                             33,839           1
     *
        Jones   Energy    Inc.  Class   A
                                               782          -
     *
        Basic   Energy    Services    Inc.  Warrants     Exp.  12/23/2023
                                              4,640           -
     *,§
        Rex  Energy    Corp.
                                               302          -
     *,^
        Covia   Holdings    Corp.
                                                1         -
     *,^,§
        Harvest    Natural    Resources     Inc.
                                                        -
                                             51,829
                                                    33,574,222
           2
     Other   (0.0%)
     *,§
        Herbalife     Ltd.  CVR
                                             234,057          2,270
     *,§
        A Schulman     Inc.  CVR
                                             659,182          1,259
     *,^,§
        Tobira   Therapeutics      CVR   Exp.  12/31/2028
                                             201,001           911
     *,^,§
        Ocera   Therapeutics      CVR   Line
                                             653,477           176
     *,§
        NewStar    Financial     Inc.  CVR
                                             551,185           143
     *
        Corium    CVR
                                             782,067           141
     *,§
        Ambit   Biosciences      Corp.   CVR
                                             201,330           121
     *,§
        Media   General    Inc.  CVR
                                            2,351,934            91
     *,§
        Omthera    Pharmaceuticals        Inc.  CVR
                                             121,311           73
     *,§
        Social   Reality    Inc.  Rights   Exp.  12/31/2019
                                             148,260           27
     *,§
        Alexza    Pharmaceuticals        Inc.  CVR
                                             327,391           11
     *,§
        Seventy    Seven   Energy    Inc.  Escrow    Line
                                              7,222           1
     *,§
        Clinical    Data  CVR
                                             216,285            -
     *,§
        Adolor    Corp.   Rights   Exp.  07/01/2019
                                             592,629            -
     *,^,§
        Biosante    Pharmaceutical       Inc.  CVR
                                             253,823            -
     *
        Kadmon    Warrants     Exp.  09/29/2022
                                             169,257            -
     *,§
        NuPathe    Inc.  CVR
                                             158,681            -
     *
        Advaxis    Inc.  Warrants     Exp.  09/11/2024
                                                        -
                                             157,659
                                                      5,224
     Technology      (19.3%)
        Microsoft     Corp.
                                           206,471,453         20,971,305
        Apple   Inc.
                                           114,093,756         17,997,149
     *
        Facebook     Inc.  Class   A
                                           64,181,484         8,413,551
     *
        Alphabet    Inc.  Class   A
                                            7,987,157         8,346,260
     *
        Alphabet    Inc.  Class    C 
                                            7,938,287         8,220,969
        Intel  Corp.
                                           121,924,450          5,721,914
        Cisco   Systems    Inc.
                                           120,089,777          5,203,490
        Oracle   Corp.
                                           70,840,246         3,198,437
     *
        Adobe   Inc.
                                           13,040,518         2,950,287
        International      Business    Machines     Corp.
                                           24,277,551         2,759,629
        Broadcom     Inc.
                                           10,493,014         2,668,164
     *
        salesforce.com       Inc.
                                           19,415,586         2,659,353
        Texas   Instruments      Inc.
                                           25,658,297         2,424,709
        NVIDIA    Corp.
                                           15,482,119         2,066,863
        QUALCOMM       Inc.
                                           32,379,778         1,842,733
        Intuit   Inc.
                                            6,585,915         1,296,437
        Cognizant     Technology      Solutions     Corp.   Class   A
                                           15,470,283          982,054
     *
        Micron    Technology      Inc.
                                           30,300,271          961,428
                                512/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        HP  Inc.
                                           42,246,996          864,374
        Applied    Materials     Inc.
                                           26,262,362          859,830
     *
        ServiceNow      Inc.
                                            4,790,815         853,005
        Analog    Devices    Inc.
                                            9,883,224         848,277
     *
        Red  Hat  Inc.
                                            4,715,235         828,184
     *
        Autodesk     Inc.
                                            5,840,730         751,176
        Corning    Inc.
                                           21,388,016          646,132
     *
        Workday     Inc.  Class   A
                                            3,981,782         635,811
        Xilinx   Inc.
                                            6,760,219         575,768
        Lam  Research    Corp.
                                            4,145,768         564,529
     *
        Twitter    Inc.
                                           18,308,384          526,183
        Hewlett    Packard    Enterprise     Co.
                                           39,301,372          519,171
        Motorola     Solutions     Inc.
                                            4,363,663         501,996
     *
        Advanced     Micro   Devices    Inc.
                                           25,377,737          468,473
     ^
        Microchip     Technology      Inc.
                                            6,319,140         454,473
     *
        Palo  Alto  Networks     Inc.
                                            2,394,181         450,944
                                513/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Cerner   Corp.
                                            8,366,529         438,741
     *
        VeriSign     Inc.
                                            2,907,099         431,094
        Harris   Corp.
                                            3,138,824         422,643
     *
        Splunk    Inc.
                                            3,913,358         410,316
        NetApp    Inc.
                                            6,716,627         400,781
        DXC   Technology      Co.
                                            7,486,678         398,067
     *
        IAC/InterActiveCorp
                                            2,073,642         379,559
        Maxim    Integrated     Products    Inc.
                                            7,400,696         376,325
        KLA-Tencor      Corp.
                                            4,084,860         365,554
        Citrix   Systems    Inc.
                                            3,415,481         349,950
     *
        Synopsys     Inc.
                                            3,971,071         334,523
     *
        Cadence    Design    Systems    Inc.
                                            7,546,303         328,113
        CDW   Corp.
                                            4,011,628         325,142
     *
        ANSYS    Inc.
                                            2,230,098         318,770
        Skyworks     Solutions     Inc.
                                            4,747,702         318,191
        Symantec     Corp.
                                           16,196,458          306,032
     *
        Arista   Networks     Inc.
                                            1,409,656         297,014
     *
        Gartner    Inc.
                                            2,302,312         294,328
     *
        Veeva   Systems    Inc.  Class   A
                                            3,253,391         290,593
        VMware    Inc.  Class   A
                                            2,027,441         278,023
     *
        GoDaddy     Inc.  Class   A
                                            4,231,820         277,692
     *
        Fortinet    Inc.
                                            3,854,252         271,455
        SS&C   Technologies       Holdings    Inc.
                                            5,999,489         270,637
        Western    Digital   Corp.
                                            7,317,660         270,534
        Marvell    Technology      Group   Ltd.
                                           16,647,560          269,524
        Seagate    Technology      plc
                                            6,854,022         264,497
     *
        F5  Networks     Inc.
                                            1,612,967         261,349
     *
        Akamai    Technologies       Inc.
                                            4,119,734         251,633
        Juniper    Networks     Inc.
                                            9,182,752         247,108
     *
        PTC  Inc.
                                            2,842,753         235,664
     *
        Tableau    Software    Inc.  Class   A
                                            1,905,859         228,703
        Leidos   Holdings    Inc.
                                            3,995,734         210,655
     *
        Qorvo   Inc.
                                            3,326,026         201,990
     *
        Ultimate    Software    Group   Inc.
                                             790,269         193,513
     *
        ON  Semiconductor       Corp.
                                           11,208,426          185,051
     *
        Tyler   Technologies       Inc.
                                             980,923         182,275
     *,^
        Twilio   Inc.  Class   A
                                            2,003,301         178,895
     *
        Guidewire     Software    Inc.
                                            2,157,588         173,103
     *
        Dell  Technologies       Inc.
                                            3,409,565         166,625
     *
        Integrated     Device    Technology      Inc.
                                            3,438,371         166,520
        CDK   Global   Inc.
                                            3,428,010         164,133
     *
        Paycom    Software    Inc.
                                            1,329,799         162,834
     *
        EPAM    Systems    Inc.
                                            1,369,194         158,840
     *
        Zendesk    Inc.
                                            2,714,375         158,438
     *
        Okta   Inc.
                                            2,463,128         157,148
     *
        Aspen   Technology      Inc.
                                            1,882,954         154,741
        Teradyne     Inc.
                                            4,764,000         149,494
     *
        Nutanix    Inc.
                                            3,580,677         148,920
     *
        RingCentral      Inc.  Class   A
                                            1,735,872         143,105
                                514/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        athenahealth      Inc.
                                            1,079,610         142,433
     *
        ARRIS    International      plc
                                            4,390,261         134,210
     *
        Ciena   Corp.
                                            3,798,120         128,794
     *
        HubSpot    Inc.
                                             993,712         124,939
        Monolithic     Power   Systems    Inc.
                                            1,073,106         124,749
        Cypress    Semiconductor       Corp.
                                            9,655,741         122,821
     *
        Proofpoint     Inc.
                                            1,454,947         121,939
     *
        Teradata    Corp.
                                            3,160,109         121,222
     *
        Cree  Inc.
                                            2,737,593         117,101
        LogMeIn     Inc.
                                            1,363,275         111,202
        Entegris    Inc.
                                            3,763,959         104,996
     *
        Medidata     Solutions     Inc.
                                            1,548,084         104,372
     *
        Nuance    Communications        Inc.
                                            7,672,139         101,502
     *
        RealPage     Inc.
                                            1,998,908          96,327
     *
        CACI   International      Inc.  Class   A
                                             658,939         94,907
                                515/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        MKS   Instruments      Inc.
                                            1,438,555          92,945
     *
        Coupa   Software    Inc.
                                            1,470,969          92,465
     *
        New  Relic   Inc.
                                            1,138,300          92,168
     *
        DocuSign     Inc.  Class   A
                                            2,292,219          91,872
     *
        Silicon    Laboratories      Inc.
                                            1,148,594          90,521
     *,^
        ViaSat   Inc.
                                            1,509,327          88,975
        SYNNEX     Corp.
                                            1,090,506          88,156
     *
        Pure  Storage    Inc.  Class   A
                                            5,478,283          88,091
     *,^
        Snap   Inc.
                                           15,675,511           86,372
        j2 Global   Inc.
                                            1,243,142          86,249
     *
        CommScope      Holding    Co.  Inc.
                                            5,123,208          83,969
     *
        Lumentum     Holdings    Inc.
                                            1,987,966          83,514
     *
        Tech   Data  Corp.
                                            1,019,712          83,423
     *
        Dropbox    Inc.  Class   A
                                            4,032,912          82,392
        Blackbaud     Inc.
                                            1,296,397          81,543
     *
        ACI  Worldwide      Inc.
                                            2,926,934          80,988
     *
        FireEye    Inc.
                                            4,988,070          80,857
     *
        Semtech    Corp.
                                            1,752,484          80,386
     *
        Manhattan     Associates     Inc.
                                            1,742,409          73,826
     *
        Verint   Systems    Inc.
                                            1,728,595          73,137
     *
        2U  Inc.
                                            1,464,509          72,815
     *
        NCR   Corp.
                                            3,140,685          72,487
        Science    Applications      International      Corp.
                                            1,129,585          71,955
     *
        Cornerstone      OnDemand      Inc.
                                            1,399,426          70,573
        Cabot   Microelectronics        Corp.
                                             724,725         69,103
     *
        Finisar   Corp.
                                            3,135,149          67,719
     *
        Qualys    Inc.
                                             894,855         66,881
     *
        CommVault      Systems    Inc.
                                            1,113,345          65,788
     *
        Five9   Inc.
                                            1,482,752          64,826
        Perspecta     Inc.
                                            3,726,073          64,163
     *
        Premier    Inc.  Class   A
                                            1,696,211          63,353
        InterDigital      Inc.
                                             925,169         61,459
     *
        Viavi   Solutions     Inc.
                                            6,053,510          60,838
     *,^
        MongoDB     Inc.
                                             709,395         59,405
     *
        Ellie  Mae  Inc.
                                             929,898         58,425
     ^
        Match   Group   Inc.
                                            1,355,756          57,986
     *
        Box  Inc.
                                            3,403,874          57,457
     *
        Envestnet     Inc.
                                            1,158,002          56,962
     *
        Alteryx    Inc.  Class   A
                                             949,855         56,488
     *
        Bottomline     Technologies       DE  Inc.
                                            1,144,216          54,922
     *
        Cirrus   Logic   Inc.
                                            1,603,790          53,214
     *
        Zscaler    Inc.
                                            1,295,250          50,787
        Cogent    Communications        Holdings    Inc.
                                            1,112,411          50,292
        Pegasystems      Inc.
                                            1,047,138          50,085
     *
        Alarm.com     Holdings    Inc.
                                             955,378         49,555
        Brooks    Automation      Inc.
                                            1,880,571          49,233
     *
        Q2  Holdings    Inc.
                                             972,269         48,176
     *
        EchoStar    Corp.   Class   A
                                            1,297,555          47,646
     *
        NetScout     Systems    Inc.
                                            1,985,633          46,920
                                516/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        SailPoint    Technologies       Holding    Inc.
                                            1,985,698          46,644
        Power   Integrations      Inc.
                                             737,494         44,972
     *
        Allscripts     Healthcare     Solutions     Inc.
                                            4,643,594          44,764
     *
        Advanced     Energy    Industries     Inc.
                                            1,028,729          44,163
     *
        Avaya   Holdings    Corp.
                                            2,911,682          42,394
        Progress    Software    Corp.
                                            1,182,936          41,982
     *
        NETGEAR      Inc.
                                             796,714         41,453
     *
        Everbridge     Inc.
                                             710,477         40,327
     *
        Varonis    Systems    Inc.
                                             747,796         39,558
     *
        Apptio   Inc.  Class   A
                                            1,022,286          38,806
     *
        Blackline     Inc.
                                             941,136         38,540
     *
        SPS  Commerce     Inc.
                                             465,388         38,339
     ^
        Ubiquiti    Networks     Inc.
                                             384,083         38,182
     *,^
        Ceridian    HCM   Holding    Inc.
                                            1,106,454          38,162
     *
        Insight   Enterprises     Inc.
                                             935,948         38,140
                                517/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Cloudera    Inc.
                                            3,279,391          36,270
     *,^
        Inphi   Corp.
                                            1,104,989          35,525
     *
        Synaptics     Inc.
                                             915,242         34,056
     *
        Diodes    Inc.
                                            1,034,307          33,367
     *
        SendGrid     Inc.
                                             761,723         32,884
     *
        Rapid7    Inc.
                                            1,027,744          32,024
     *
        Instructure     Inc.
                                             838,016         31,434
     *
        Blucora    Inc.
                                            1,172,050          31,223
     *
        MicroStrategy       Inc.  Class   A
                                             240,400         30,711
     *
        Acacia   Communications        Inc.
                                             799,153         30,368
     *
        Vocera    Communications        Inc.
                                             766,727         30,171
     *
        Virtusa    Corp.
                                             707,449         30,130
        Plantronics     Inc.
                                             900,208         29,797
     *,^
        3D  Systems    Corp.
                                            2,903,549          29,529
        Pitney   Bowes   Inc.
                                            4,964,771          29,342
        TiVo   Corp.
                                            3,084,039          29,021
     *
        Electronics     For  Imaging    Inc.
                                            1,159,795          28,763
     *
        LivePerson      Inc.
                                            1,503,108          28,349
     *
        MaxLinear     Inc.
                                            1,601,262          28,182
     *
        FormFactor      Inc.
                                            1,960,792          27,628
     *
        Hortonworks      Inc.
                                            1,895,500          27,333
     *
        Tabula    Rasa   HealthCare      Inc.
                                             428,501         27,321
        CSG   Systems    International      Inc.
                                             847,606         26,928
     *
        Zuora   Inc.  Class   A
                                            1,460,971          26,502
     *
        PROS   Holdings    Inc.
                                             838,957         26,343
     *
        Workiva    Inc.
                                             718,304         25,780
        Ebix  Inc.
                                             586,970         24,981
     *
        ePlus   Inc.
                                             349,545         24,877
     *
        Pivotal    Software    Inc.  Class   A
                                            1,521,496          24,876
     *
        Appfolio    Inc.
                                             404,016         23,926
     *,^
        Benefitfocus      Inc.
                                             518,045         23,685
        Xperi   Corp.
                                            1,273,879          23,427
     *
        Cray   Inc.
                                            1,068,029          23,059
     *
        Boingo    Wireless    Inc.
                                            1,115,106          22,938
     *
        Cision   Ltd.
                                            1,927,388          22,550
     *
        ScanSource      Inc.
                                             655,509         22,536
     *
        Altair   Engineering      Inc.  Class   A
                                             801,848         22,115
     *
        Lattice   Semiconductor       Corp.
                                            3,185,055          22,041
     *
        Carbonite     Inc.
                                             853,682         21,564
     *
        Yext   Inc.
                                            1,435,784          21,321
     *
        NextGen    Healthcare     Inc.
                                            1,368,007          20,725
        NIC  Inc.
                                            1,637,460          20,435
     *
        ForeScout     Technologies       Inc.
                                             780,249         20,279
     *
        Infinera    Corp.
                                            4,725,157          18,853
     *
        Extreme    Networks     Inc.
                                            3,059,283          18,662
     *
        Perficient     Inc.
                                             827,035         18,410
     *,^
        Appian    Corp.   Class   A
                                             677,843         18,105
        Shutterstock      Inc.
                                             500,507         18,023
     *
        Photronics     Inc.
                                            1,748,545          16,926
                                518/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        Nanometrics      Inc.
                                             617,655         16,880
        Monotype     Imaging    Holdings    Inc.
                                            1,039,885          16,139
        Cohu   Inc.
                                            1,001,961          16,101
     *
        Unisys   Corp.
                                            1,331,348          15,484
     *
        Rudolph    Technologies       Inc.
                                             754,852         15,452
     *
        Amkor    Technology      Inc.
                                            2,353,828          15,441
     *
        Axcelis    Technologies       Inc.
                                             799,789         14,236
        Comtech    Telecommunications          Corp.
                                             563,804         13,723
     *,^
        Elastic   NV
                                             188,937         13,505
        ADTRAN     Inc.
                                            1,238,362          13,300
     *
        Anaplan    Inc.
                                             495,938         13,162
     *
        Calix   Inc.
                                            1,276,368          12,445
        Presidio    Inc.
                                             952,452         12,429
     *
        Upland    Software    Inc.
                                             454,865         12,363
     *
        CEVA    Inc.
                                             545,479         12,050
                                519/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        Loral   Space   & Communications        Inc.
                                             322,342         12,007
        Forrester    Research    Inc.
                                             265,275         11,858
     *
        Bandwidth     Inc.  Class   A
                                             287,780         11,727
     *
        Endurance     International      Group   Holdings    Inc.
                                            1,692,086          11,252
     *
        Mitek   Systems    Inc.
                                            1,023,377          11,063
     *
        CalAmp    Corp.
                                             844,747         10,990
     *
        OneSpan    Inc.
                                             842,468         10,910
     *
        Rosetta    Stone   Inc.
                                             640,427         10,503
     *
        Harmonic     Inc.
                                            2,173,682          10,260
        Computer     Programs     & Systems    Inc.
                                             401,466         10,077
        QAD   Inc.  Class   A
                                             255,442         10,047
     *,^
        Ichor   Holdings    Ltd.
                                             607,864          9,908
        Hackett    Group   Inc.
                                             614,538          9,839
     ^
        ConvergeOne       Holdings    Inc.
                                             783,126          9,695
        Systemax     Inc.
                                             392,738          9,382
     *
        ChannelAdvisor        Corp.
                                             816,737          9,270
     *
        Quantenna     Communications        Inc.
                                             634,332          9,103
        PC  Connection      Inc.
                                             302,975          9,007
     *
        Casa   Systems    Inc.
                                             684,167          8,983
     *
        Zix  Corp.
                                            1,526,903           8,749
     *
        Meet   Group   Inc.
                                            1,845,370           8,544
     *
        KeyW   Holding    Corp.
                                            1,268,967           8,489
        Switch   Inc.
                                            1,212,436           8,487
     *
        Smartsheet     Inc.  Class   A
                                             334,021          8,304
     *,^
        Eventbrite     Inc.  Class   A
                                             298,372          8,298
     *
        Agilysys    Inc.
                                             578,517          8,296
     *
        Digi  International      Inc.
                                             816,590          8,239
     *
        Tenable    Holdings    Inc.
                                             363,299          8,062
     *
        Vectrus    Inc.
                                             369,581          7,976
     *
        Brightcove     Inc.
                                            1,127,529           7,938
     *,^
        TransEnterix      Inc.
                                            3,435,475           7,764
        American     Software    Inc.  Class   A
                                             734,558          7,676
     *
        DSP  Group   Inc.
                                             658,069          7,370
     *
        Ooma   Inc.
                                             523,409          7,265
     *
        NeoPhotonics       Corp.
                                            1,102,569           7,145
     *
        Immersion     Corp.
                                             780,419          6,993
        Simulations      Plus  Inc.
                                             344,555          6,857
     *
        Amber   Road   Inc.
                                             828,513          6,819
     *
        PDF  Solutions     Inc.
                                             796,508          6,715
     *
        Alpha   & Omega    Semiconductor       Ltd.
                                             647,896          6,602
     *
        Ribbon    Communications        Inc.
                                            1,344,720           6,482
     *
        Limelight     Networks     Inc.
                                            2,677,555           6,265
     *
        USA   Technologies       Inc.
                                            1,583,185           6,159
     *,^
        SVMK    Inc.
                                             491,275          6,028
     *
        PAR   Technology      Corp.
                                             271,140          5,897
     *
        Model   N Inc.
                                             445,201          5,890
     *
        KVH   Industries     Inc.
                                             533,364          5,488
     ^
        Diebold    Nixdorf    Inc.
                                            2,174,945           5,416
     *
        I3 Verticals     Inc.  Class   A
                                             224,048          5,400
                                520/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *,^
        Inseego    Corp.
                                            1,281,857           5,320
     *,^
        Domo   Inc.
                                             259,987          5,104
     *
        Aquantia    Corp.
                                             537,227          4,711
     *
        AXT   Inc.
                                            1,021,165           4,442
     *
        Telenav    Inc.
                                            1,064,501           4,322
     *
        Aerohive     Networks     Inc.
                                            1,301,751           4,244
        Preformed     Line  Products    Co.
                                             77,646         4,212
        AstroNova     Inc.
                                             221,491          4,153
     *
        SecureWorks       Corp.   Class   A
                                             236,021          3,986
     *
        MobileIron      Inc.
                                             856,575          3,932
     *
        A10  Networks     Inc.
                                             606,164          3,782
     *,^
        VirnetX    Holding    Corp.
                                            1,536,400           3,687
     *
        Ultra   Clean   Holdings    Inc.
                                             422,797          3,581
     *
        RigNet    Inc.
                                             260,354          3,291
     *
        eGain   Corp.
                                             486,960          3,199
                                521/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Adesto    Technologies       Corp.
                                             716,531          3,153
     *
        EMCORE     Corp.
                                             727,792          3,057
     *
        Clearfield     Inc.
                                             305,057          3,026
     *
        Telaria    Inc.
                                            1,104,370           3,015
     *
        Tucows    Inc.  Class   A
                                             49,142         2,951
     *,^
        Internap    Corp.
                                             679,210          2,819
     *
        VOXX    International      Corp.   Class   A
                                             703,399          2,785
     *
        Rambus    Inc.
                                             362,634          2,781
     *
        Pixelworks     Inc.
                                             954,893          2,769
     *
        Exela   Technologies       Inc.
                                             711,591          2,768
     *
        DASAN    Zhone   Solutions     Inc.
                                             188,838          2,627
     *
        GSI  Technology      Inc.
                                             465,560          2,393
     *
        SharpSpring      Inc.
                                             185,762          2,365
     *
        ID  Systems    Inc.
                                             417,726          2,335
     *,^
        Airgain    Inc.
                                             223,147          2,211
     *,^
        Park  City  Group   Inc.
                                             368,561          2,200
     *
        Great   Elm  Capital    Group   Inc.
                                             624,106          2,109
     *
        ACM   Research    Inc.  Class   A
                                             193,846          2,109
     *,^
        Applied    Optoelectronics        Inc.
                                             132,326          2,042
        TESSCO     Technologies       Inc.
                                             159,219          1,911
        TransAct     Technologies       Inc.
                                             211,460          1,899
     *,^
        Everspin    Technologies       Inc.
                                             322,450          1,809
     *,^
        Fusion   Connect    Inc.
                                            1,071,837           1,801
     *
        Amtech    Systems    Inc.
                                             385,770          1,748
     *
        Key  Tronic   Corp.
                                             304,070          1,718
     *
        NetSol   Technologies       Inc.
                                             277,534          1,707
        GlobalSCAPE       Inc.
                                             378,890          1,697
     *
        Rimini   Street   Inc.
                                             325,063          1,674
     *
        Computer     Task   Group   Inc.
                                             407,746          1,664
     *
        LRAD   Corp.
                                             644,065          1,623
     *
        Aviat   Networks     Inc.
                                             122,447          1,622
     *
        Finjan   Holdings    Inc.
                                             639,801          1,606
     *
        RumbleON      Inc.  Class   B
                                             295,778          1,591
     *
        inTEST    Corp.
                                             241,044          1,478
     *
        Aware   Inc.
                                             406,847          1,469
     *
        Support.com      Inc.
                                             561,252          1,381
     *,^
        Impinj   Inc.
                                             90,225         1,313
     *
        Seachange     International      Inc.
                                            1,040,931           1,312
     *
        Synacor    Inc.
                                             885,396          1,310
     *,^
        QuickLogic      Corp.
                                            1,644,442           1,207
        QAD   Inc.  Class   B
                                             39,531         1,167
     *
        Majesco
                                             157,868          1,119
     *
        Identiv    Inc.
                                             308,510          1,111
     *,^
        Veritone    Inc.
                                             270,146          1,027
     *
        Innodata    Inc.
                                             643,214           965
     *
        Lantronix     Inc.
                                             311,918           917
     *
        WideOpenWest        Inc.
                                             125,680           896
     *
        Data  I/O  Corp.
                                             173,820           869
     *,^
        Smith   Micro   Software    Inc.
                                             471,123           848
                                522/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Wayside    Technology      Group   Inc.
                                             83,158          832
     *,^
        Atomera    Inc.
                                             284,266           816
     *
        Alithya    Group   Inc.  Class   A
                                             326,419           774
     *,^
        nLight   Inc.
                                             41,105          731
     *
        Intelligent     Systems    Corp.
                                             52,948          684
     *
        Aehr   Test  Systems
                                             428,242           604
     *,^
        Red  Violet   Inc.
                                             87,451          589
     *
        CynergisTek      Inc.
                                             110,248           523
     *
        Mastech    Digital   Inc.
                                             82,130          517
     *
        RCM   Technologies       Inc.
                                             159,911           496
        BK  Technologies       Inc.
                                             131,368           493
     *
        WidePoint     Corp.
                                            1,141,609           476
     *
        Kopin   Corp.
                                             475,143           475
     *
        Neurotrope      Inc.
                                             132,689           474
        CSP  Inc.
                                             46,940          459
                                523/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *
        GSE  Systems    Inc.
                                             209,878           441
     *,^
        Intellicheck      Inc.
                                             196,842           421
     *,^
        SITO   Mobile    Ltd.
                                             442,391           398
     *
        Icad  Inc.
                                             102,068           378
     *
        Avalara    Inc.
                                             11,995          374
        Network-1     Technologies       Inc.
                                             160,430           358
     *
        BSQUARE      Corp.
                                             220,173           341
     *
        Inuvo   Inc.
                                             275,566           295
     *
        Intermolecular       Inc.
                                             237,326           240
        ClearOne     Inc.
                                             190,824           239
     *
        Optical    Cable   Corp.
                                             54,796          209
     *
        Castlight    Health   Inc.  Class   B
                                             94,575          205
     *,^
        Ominto    Inc.
                                             265,206           183
     *
        FTE  Networks     Inc.
                                             76,480          179
     *,^
        Gogo   Inc.
                                             53,600          160
     *
        One  Stop  Systems    Inc.
                                             82,010          159
     *
        Digimarc     Corp.
                                              9,978         145
     *
        AudioEye     Inc.
                                             14,532          124
     *,^
        NXT-ID    Inc.
                                             175,954           120
     *
        CVD   Equipment     Corp.
                                             21,000           75
     *
        Xcel  Brands    Inc.
                                             38,685           44
     *
        ADDvantage      Technologies       Group   Inc.
                                             29,519           41
     *
        Trio-Tech     International
                                             15,252           38
     *
        Qumu   Corp.
                                             15,217           29
     *
        BroadVision      Inc.
                                             20,868           24
     *
        Qualstar    Corp.
                                              4,300          23
     *
        Quantum     Corp.
                                              6,550          13
     *
        Streamline     Health   Solutions     Inc.
                                             16,133           12
     *
        SilverSun     Technologies       Inc.
                                              2,301           5
        Sigma   Designs    Inc.
                                             33,890           5
     *,^
        Neonode    Inc.
                                                        -
                                                1
                                                   129,856,855
     Telecommunications          (2.0%)
        Verizon    Communications        Inc.
                                           110,381,847          6,205,667
        AT&T    Inc.
                                           194,426,250          5,548,925
     *
        T-Mobile     US  Inc.
                                            7,923,046         503,985
        CenturyLink      Inc.
                                           25,951,362          393,163
     *
        Zayo   Group   Holdings    Inc.
                                            5,364,348         122,522
     *,^
        Sprint   Corp.
                                           16,251,487           94,584
        Telephone     & Data  Systems    Inc.
                                            2,527,027          82,229
        Shenandoah      Telecommunications          Co.
                                            1,240,394          54,887
     *
        Vonage    Holdings    Corp.
                                            5,774,774          50,414
     *
        Intelsat    SA
                                            2,197,609          47,007
     *
        Iridium    Communications        Inc.
                                            2,518,809          46,472
     *
        8x8  Inc.
                                            2,427,820          43,798
     *,^
        GTT   Communications        Inc.
                                            1,169,509          27,671
     *
        United   States   Cellular    Corp.
                                             418,682         21,759
        ATN   International      Inc.
                                             273,281         19,548
     *
        ORBCOMM      Inc.
                                            1,999,068          16,512
                                524/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     *
        pdvWireless      Inc.
                                             336,231         12,572
        Spok   Holdings    Inc.
                                             648,636          8,601
     *,^
        Pareteum     Corp.
                                            2,327,685           3,934
        Consolidated      Communications        Holdings    Inc.
                                             387,885          3,832
     *
        HC2  Holdings    Inc.
                                            1,293,005           3,414
        IDT  Corp.   Class   B
                                             458,358          2,837
     ^
        Windstream      Holdings    Inc.
                                            1,198,699           2,505
     *
        Alaska   Communications        Systems    Group   Inc.
                                            1,208,737           1,741
     *
        Otelco   Inc.  Class   A
                                             54,117          875
     *
        CPS  Technologies       Corp.
                                             97,017          115
     *
        Cincinnati     Bell  Inc.
                                                        21
                                              2,660
                                                    13,319,590
     Utilities    (3.3%)
        NextEra    Energy    Inc.
                                           12,766,495         2,219,072
        Duke   Energy    Corp.
                                           19,038,397         1,643,014
                                525/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
        Dominion     Energy    Inc.
                                           17,543,347         1,253,648
        Southern    Co.
                                           27,095,393         1,190,030
        Exelon    Corp.
                                           25,778,869         1,162,627
        American     Electric    Power   Co.  Inc.
                                           13,165,344          983,978
        Sempra    Energy
                                            6,944,944         751,373
        Public   Service    Enterprise     Group   Inc.
                                           13,503,550          702,860
        Xcel  Energy    Inc.
                                           13,709,331          675,459
        Consolidated      Edison   Inc.
                                            8,685,562         664,098
        WEC   Energy    Group   Inc.
                                            8,426,412         583,613
        Eversource     Energy
                                            8,463,740         550,482
        PPL  Corp.
                                           19,227,679          544,720
        DTE   Energy    Co.
                                            4,855,381         535,548
        FirstEnergy      Corp.
                                           13,657,268          512,830
        Edison   International
                                            8,708,798         494,398
        American     Water   Works   Co.  Inc.
                                            4,823,296         437,811
        Ameren    Corp.
                                            6,515,787         425,025
        Entergy    Corp.
                                            4,824,531         415,247
        Evergy    Inc.
                                            7,100,082         403,072
        CenterPoint      Energy    Inc.
                                           13,389,768          377,993
        CMS   Energy    Corp.
                                            7,555,427         375,127
     *
        PG&E   Corp.
                                           13,844,520          328,807
        NRG   Energy    Inc.
                                            7,341,722         290,732
        Atmos   Energy    Corp.
                                            2,991,182         277,342
     *
        Alliant   Energy    Corp.
                                            6,280,486         265,351
        AES  Corp.
                                           17,613,693          254,694
        Pinnacle    West   Capital    Corp.
                                            2,977,580         253,690
        NiSource     Inc.
                                            9,849,815         249,693
        UGI  Corp.
                                            4,662,022         248,719
     *
        Vistra   Energy    Corp.
                                           10,751,315          246,098
        SCANA    Corp.
                                            3,735,180         178,467
        Aqua   America    Inc.
                                            4,742,100         162,132
        Vectren    Corp.
                                            2,207,935         158,927
        IDACORP     Inc.
                                            1,346,799         125,333
        ONE   Gas  Inc.
                                            1,399,718         111,418
        New  Jersey   Resources     Corp.
                                            2,388,996         109,105
        Portland    General    Electric    Co.
                                            2,373,720         108,835
        Hawaiian     Electric    Industries     Inc.
                                            2,908,845         106,522
        ALLETE     Inc.
                                            1,370,566         104,465
        National    Fuel  Gas  Co.
                                            2,010,727         102,909
        Southwest     Gas  Holdings    Inc.
                                            1,331,482         101,858
        Black   Hills   Corp.
                                            1,596,779         100,246
        Spire   Inc.
                                            1,301,899          96,445
        PNM   Resources     Inc.
                                            2,126,465          87,376
        Avangrid     Inc.
                                            1,683,599          84,331
        NorthWestern       Corp.
                                            1,339,214          79,603
        Avista   Corp.
                                            1,747,366          74,228
        American     States   Water   Co.
                                             966,006         64,761
        South   Jersey   Industries     Inc.
                                            2,288,870          63,631
        California     Water   Service    Group
                                            1,270,275          60,541
                                526/564

                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        Ormat   Technologies       Inc.
                                            1,077,708          56,364
        MGE   Energy    Inc.
                                             932,888         55,936
        El Paso  Electric    Co.
                                            1,088,153          54,549
        Pattern    Energy    Group   Inc.  Class   A
                                            2,615,141          48,694
        Northwest     Natural    Holding    Co.
                                             773,167         46,746
        SJW  Group
                                             650,990         36,208
        Chesapeake      Utilities    Corp.
                                             417,582         33,949
     *
        Sunrun    Inc.
                                            2,510,364          27,338
        Middlesex     Water   Co.
                                             412,408         22,002
        Connecticut      Water   Service    Inc.
                                             322,275         21,550
        Unitil   Corp.
                                             390,136         19,756
        TerraForm     Power   Inc.  Class   A
                                            1,676,182          18,807
     *
        Evoqua    Water   Technologies       Corp.
                                            1,810,184          17,378
        York   Water   Co.
                                             349,426         11,203
        Artesian    Resources     Corp.   Class   A
                                             240,336          8,380
                                527/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                      Market

                                                         •
                                                      Value
                                             Shares         ($000)
     *,^
        Cadiz   Inc.
                                             799,055          8,230
     *
        Atlantic    Power   Corp.
                                            3,317,157           7,198
     *
        AquaVenture       Holdings    Ltd.
                                             354,799          6,702
        RGC   Resources     Inc.
                                             176,687          5,294
     *
        Pure  Cycle   Corp.
                                             497,626          4,941
     *,^
        Bloom   Energy    Corp.   Class   A
                                             458,981          4,581
     *,^
        Vivint   Solar   Inc.
                                            1,081,504           4,121
        Spark   Energy    Inc.  Class   A
                                             334,801          2,488
        Genie   Energy    Ltd.  Class   B
                                                      2,310
                                             383,069
                                                    21,923,009
        Total   Common     Stocks   (Cost   $473,160,255)
                                                   668,274,743
                                Coupon

                      1
     Temporary     Cash   Investments      (0.9%)
     Money    Market    Fund   (0.9%)
     3,4
        Vanguard     Market    Liquidity     Fund            2.530%           56,919,051         5,691,905
                                              Face

                                      Maturity      Amount
                                        Date     ($000)
     U.S.  Government      and  Agency    Obligations      (0.0%)
     5
        United   States   Treasury    Bill          2.350%-2.361%          3/21/19      80,000         79,598
     5
        United   States   Treasury    Bill          2.432%-2.451%          4/18/19      70,000         69,509
        United   States   Treasury    Bill              2.077%       1/3/19      40,000         39,998
        United   States   Treasury    Bill              2.374%       3/7/19      35,000         34,853
     5
        United   States   Treasury    Bill              2.292%      2/28/19      30,000         29,888
     5
                                                      9,967
        United   States   Treasury    Bill              2.292%      2/21/19      10,000
                                                     263,813
     Total   Temporary     Cash   Investments      (Cost   $5,955,110)                            5,955,718
     Total   Investments      (100.3%)     (Cost   $479,115,365)                              674,230,461
                                                     Amount

                                                      ($000)
     Other   Assets   and  Liabilities     (-0.3%)
     Other   Assets
     Investment     in Vanguard                                          38,011
     Receivables      for  Investment     Securities     Sold                               115,408
     Receivables      for  Accrued    Income                                     816,954
     Receivables      for  Capital    Shares   Issued                                 1,587,383
     Variation     Margin    Receivable-Futures         Contracts                               30,362
           6
     Other   Assets                                              53,289
     Total   Other   Assets   (0.5%)                                       2,641,407
     Liabilities
     Payables    for  Investment     Securities     Purchased                               (1,230,335)
     Collateral     for  Securities     on Loan                                   (2,633,559)
     Payables    for  Capital    Shares   Redeemed                                   (639,991)
     Payables    to Vanguard                                           (169,788)
     Variation     Margin    Payable-Futures        Contracts                                  (320)
     Unrealized     Depreciation-Swap         Contracts                                   (2,211)
     Total   Liabilities     (-0.8%)                                        (4,676,204)
                                528/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Net  Assets   (100%)                                         672,195,664
                                529/564




















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
                                                     Amount

     At December     31,  2018,   net  assets   consisted     of:                             ($000)
     Paid-in    Capital                                           478,179,649
     Total   Distributable      Earnings    (Loss)                                 194,016,015
     Net  Assets                                             672,195,664
     Investor    Shares-Net     Assets

     Applicable     to 1,953,536,865       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 121,265,869
     Net  Asset   Value   Per  Share-Investor       Shares                                $62.08
     ETF  Shares-Net     Assets

     Applicable     to 743,263,419      outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                  94,809,421
     Net  Asset   Value   Per  Share-ETF     Shares                                 $127.56
     Admiral    Shares-Net     Assets

     Applicable     to 2,981,054,239       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 185,101,915
     Net  Asset   Value   Per  Share-Admiral       Shares                                $62.09
     Institutional      Shares-Net     Assets

     Applicable     to 1,853,585,521       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 115,115,348
     Net  Asset   Value   Per  Share-Institutional         Shares                               $62.10
     Institutional      Plus  Shares-Net     Assets

     Applicable     to 1,164,655,630       outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                 135,641,458
     Net  Asset   Value   Per  Share-Institutional         Plus  Shares                            $116.46
     Institutional      Select   Shares-Net     Assets

     Applicable     to 165,800,987      outstanding      $.001   par  value   shares   of
     beneficial     interest    (unlimited     authorization)                                  20,261,653
     Net  Asset   Value   Per  Share-Institutional         Select   Shares                           $122.20
     •
       See  Note   A in Notes   to Financial     Statements.
     *
       Non-income-producing           security.
     ^
       Includes     partial    security    positions     on  loan   to  broker-dealers.        The  total   value   of  securities     on  loan   is
       $2,480,929,000.
     §
       Security    value   determined     using   significant     unobservable      inputs.
     1
       The  fund  invests    a portion    of its cash  reserves    in equity   markets    through    the  use  of index   futures    contracts
       and  swap   contracts.     After   giving   effect   to futures    and  swap   investments,      the  fund's   effective    common    stock
       and  temporary     cash  investment     positions    represent    100.0%    and  0.3%,   respectively,      of net  assets.
     2
       “Other”    represents     securities     that  are  not  classified     by the  fund's   benchmark     index.
     3
       Affiliated     money   market    fund  available     only  to Vanguard     funds   and  certain   trusts   and  accounts    managed    by
       Vanguard.     Rate  shown   is the  7-day   yield.
     4
       Includes    $2,633,559,000       of collateral     received    for  securities     on loan.
     5
       Securities     with  a value   of $186,579,000       have   been  segregated     as initial   margin    for  open   futures   contracts.
     6
       Cash   with  a value   of $2,650,000     has  been  segregated     as collateral     for  open   over-the-counter        swap   contracts.
       ADR-American        Depositary     Receipt.
       CVR-Contingent        Value   Rights.
       REIT-Real     Estate   Investment     Trust.
                                530/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Derivative     Financial     Instruments      Outstanding      as of Period   End

     Futures   Contracts

                                                       ($000)
                                                     Value   and
                                                     Unrealized
                                    Number   of Long
                                              Notional       Appreciation
                             Expiration       (Short)   Contracts       Amount      (Depreciation)
     Long  Futures   Contracts
                                        29,625     3,710,828         (106,471)
     E-mini   S&P  500  Index                  March   2019
                                        1,914     129,099         (6,420)
     E-mini   Russell   2000  Index                March   2019
                                         240     39,893
     E-mini   S&P  Mid-Cap    400  Index              March   2019                       (1,764)
                                                      (114,655)
     Total  Return   Swaps

                                                     Value   and
                                              Floating
                                                     Unrealized
                                             Interest   Rate
                                        Notional            Appreciation
                                              Received
                                        Amount            (Depreciation)
                                                 1
     Reference    Entity               Termination     Date    Counterparty         ($000)      (Paid)        ($000)
     SLM  Corp.                   2/04/2019         GSI     35,318      2.870%         (823)
     VICI  Properties    Inc.               2/04/2019         GSI     29,610      3.270%        (1,041)
     VICI  Properties    Inc.               2/04/2019         GSI      9,870      3.270%         (347)
                                                       (2,211)
     GSI-Goldman     Sachs  International.

     1 Payment   received/paid     monthly.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

    次へ

                                531/564









                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Statement      of Operations

                                          Year   Ended       Year   Ended

                                         December     31,     December     31,
                                             2019          2018
                                            ($000)          ($000)
     Investment     Income
     Income
     Dividends-Unaffiliated           Issuers                          15,136,266          13,933,848
     Dividends-Affiliated          Issuers                              6,160            -
     Interest-Unaffiliated          Issuers                              4,144          3,018
     Interest-Affiliated         Issuers                               70,056          51,265
     Securities     Lending-Net                                  152,182          126,669
     Total   Income                                   15,368,808          14,114,800
     Expenses
     The  Vanguard     Group-Note      B
      Investment     Advisory     Services                            25,447          24,218
      Management      and  Administrative-Investor           Shares                 169,029          158,387
      Management      and  Administrative-ETF          Shares                    24,791          21,276
      Management      and  Administrative-Admiral           Shares                  71,269          60,985
      Management      and  Administrative-Institutional             Shares                30,930          27,571
      Management      and  Administrative-Institutional             Plus  Shares              25,302          20,989
      Management      and  Administrative-Institutional             Select   Shares              1,569          1,082
      Marketing     and  Distribution-Investor          Shares                     11,957          17,741
      Marketing     and  Distribution-ETF        Shares                       4,670          3,627
      Marketing     and  Distribution-Admiral          Shares                     10,085          10,293
      Marketing     and  Distribution-Institutional            Shares                   4,198          2,877
      Marketing     and  Distribution-Institutional            Plus  Shares                 2,207          1,500
      Marketing     and  Distribution-Institutional            Select   Shares                  1          1
     Custodian     Fees                                   1,703          2,430
     Auditing    Fees                                    407          421
     Shareholders'      Reports    and  Proxy-Investor       Shares                    1,423          1,252
     Shareholders'      Reports    and  Proxy-ETF     Shares                      1,600          1,097
     Shareholders'      Reports    and  Proxy-Admiral       Shares                     691          511
     Shareholders'      Reports    and  Proxy-Institutional         Shares                   1,173           902
     Shareholders'      Reports    and  Proxy-Institutional         Plus  Shares                  38          31
     Shareholders'      Reports    and  Proxy-Institutional         Select   Shares                  -         1
     Trustees'    Fees  and  Expenses                                382          437
     Total   Expenses                                    388,872          357,629
     Net  Investment     Income                              14,979,936          13,757,171
                                532/564





                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Statement      of Operations      (continued)

                                          Year   Ended       Year   Ended

                                         December     31,     December     31,
                                             2019          2018
                                            ($000)          ($000)
     Realized    Net  Gain   (Loss)
                                               1          2
     Investment     Securities     Sold-Unaffiliated        Issuers
                                           3,017,113          6,733,240
     Investment     Securities     Sold-Affiliated       Issuers                      (3,906)           (296)
     Futures    Contracts                                   766,975         (205,348)
     Swap   Contracts                                     50,674         (16,547)
     Realized    Net  Gain   (Loss)                             3,830,856          6,511,049
     Change    in Unrealized     Appreciation      (Depreciation)
     Investment     Securities-Unaffiliated           Issuers                     191,133,025          (56,813,879)
     Investment     Securities-Affiliated          Issuers                         5,907           364
     Futures    Contracts                                   142,709         (113,904)
     Swap   Contracts                                     11,880          (1,888)
     Change    in Unrealized     Appreciation      (Depreciation)                    191,293,521          (56,929,307)
     Net  Increase    (Decrease)     in Net  Assets   Resulting     from   Operations            210,104,313          (36,661,087)
     1

      Includes    $8,345,326,000        of net  gain  (loss)   resulting    from   in-kind    redemptions;      such  gain  (loss)   is not  taxable
      to the  fund.
     2
      Includes    $6,485,855,000        of net  gain  (loss)   resulting    from   in-kind    redemptions;      such  gain  (loss)   is not  taxable
      to the  fund.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

                                533/564











                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Statement      of Changes     in Net  Assets

                                             Year   Ended   December     31,

                                             2019          2018
                                            ($000)          ($000)
     Increase    (Decrease)     in Net  Assets
     Operations
     Net  Investment     Income                              14,979,936          13,757,171
     Realized    Net  Gain   (Loss)                             3,830,856          6,511,049
     Change    in Unrealized     Appreciation      (Depreciation)                    191,293,521          (56,929,307)
     Net  Increase    (Decrease)     in Net  Assets   Resulting     from   Operations            210,104,313          (36,661,087)
     Distributions
     Net  Investment     Income
      Investor    Shares                                (2,441,205)          (2,268,803)
      ETF  Shares                                  (2,314,799)          (1,838,334)
      Admiral    Shares                                (4,371,014)          (3,685,244)
      Institutional      Shares                              (2,694,343)          (2,243,070)
      Institutional      Plus  Shares                            (3,268,140)          (2,615,192)
      Institutional      Select   Shares                            (467,850)          (351,965)
     Realized    Capital    Gain
      Investor    Shares                                    -          -
      ETF  Shares                                      -          -
      Admiral    Shares                                    -          -
      Institutional      Shares                                   -          -
      Institutional      Plus  Shares                                -          -
      Institutional      Select   Shares                                -          -
     Total   Distributions                                  (15,557,351)          (13,002,608)
     Capital    Share   Transactions
      Investor    Shares                               (14,863,283)           2,806,888
      ETF  Shares                                 15,039,487          10,133,992
      Admiral    Shares                                13,652,300          8,992,303
      Institutional      Shares                              4,263,716          9,953,282
      Institutional      Plus  Shares                            12,427,894          19,272,078
      Institutional      Select   Shares                            361,129         8,123,645
     Net  Increase    (Decrease)     from   Capital    Share   Transactions                 30,881,243          59,282,188
     Total   Increase    (Decrease)                              225,428,205           9,618,493
     Net  Assets
     Beginning     of Period                               672,195,664          662,577,171
     End  of Period                                 897,623,869          672,195,664
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

                                534/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     Investor    Shares

     For  a Share   Outstanding                                  Year   Ended   December     31,
     Throughout      Each   Period                  2019      2018      2017      2016      2015
     Net  Asset   Value,   Beginning     of Period           $62.08      $66.70      $56.06      $50.78      $51.58
     Investment     Operations
                                 1      1      1
     Net  Investment     Income
                               1.279      1.275      1.086      1.022      .954
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                          17.634      (4.703)      10.630      5.282      (.807)
     Total   from   Investment     Operations               18.913      (3.428)      11.716      6.304      .147
     Distributions
     Dividends     from   Net  Investment     Income           (1.333)      (1.192)      (1.076)      (1.024)      (.947)
     Distributions      from   Realized    Capital    Gains            -      -      -      -      -
     Total   Distributions                       (1.333)      (1.192)      (1.076)      (1.024)      (.947)
     Net  Asset   Value,   End  of Period              $79.66      $62.08      $66.70      $56.06      $50.78
           2

     Total   Return                       30.65%      -5.26%      21.05%      12.53%      0.29%
     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)            $139,686      $121,266      $126,766      $103,932      $96,323
     Ratio   of Total   Expenses     to Average    Net  Assets       0.14%      0.14%      0.14%      0.15%      0.16%
     Ratio   of Net  Investment     Income    to Average
     Net  Assets                        1.78%      1.86%      1.77%      1.98%      1.85%
                3
     Portfolio    Turnover     Rate                  4%      3%      3%      4%      3%
     1

      Calculated     based   on average    shares   outstanding.
     2
      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.
     3
      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.

                                535/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     ETF  Shares

     For  a Share   Outstanding                                  Year   Ended   December     31,
     Throughout      Each   Period                  2019      2018      2017      2016      2015
     Net  Asset   Value,   Beginning     of Period           $127.56      $137.06      $115.21      $104.34      $106.00
     Investment     Operations
                                 1      1      1
     Net  Investment     Income
                               2.809      2.781      2.361      2.214      2.082
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                          36.236      (9.676)      21.832      10.871      (1.675)
     Total   from   Investment     Operations               39.045      (6.895)      24.193      13.085       .407
     Distributions
     Dividends     from   Net  Investment     Income           (2.905)      (2.605)      (2.343)      (2.215)      (2.067)
     Distributions      from   Realized    Capital    Gains            -      -      -      -      -
     Total   Distributions                       (2.905)      (2.605)      (2.343)      (2.215)      (2.067)
     Net  Asset   Value,   End  of Period              $163.70      $127.56      $137.06      $115.21      $104.34
     Total   Return                       30.80%      -5.13%      21.16%      12.68%      0.40%

     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)            $138,067      $94,809      $91,862      $69,889      $57,434
     Ratio   of Total   Expenses     to Average    Net  Assets       0.03%      0.03%      0.04%      0.04%      0.05%
     Ratio   of Net  Investment     Income    to Average
     Net  Assets                        1.89%      1.97%      1.87%      2.09%      1.96%
                2
     Portfolio    Turnover     Rate                  4%      3%      3%      4%      3%
     1

      Calculated     based   on average    shares   outstanding.
     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.

                                536/564









                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     Admiral    Shares

     For  a Share   Outstanding                                  Year   Ended   December     31,
     Throughout      Each   Period                  2019      2018      2017      2016      2015
     Net  Asset   Value,   Beginning     of Period           $62.09      $66.72      $56.08      $50.79      $51.60
     Investment     Operations
                                 1      1      1
     Net  Investment     Income
                               1.360      1.344      1.148      1.077      1.013
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                          17.646      (4.711)      10.633      5.291      (.818)
     Total   from   Investment     Operations               19.006      (3.367)      11.781      6.368      .195
     Distributions
     Dividends     from   Net  Investment     Income           (1.406)      (1.263)      (1.141)      (1.078)      (1.005)
     Distributions      from   Realized    Capital    Gains            -      -      -      -      -
     Total   Distributions                       (1.406)      (1.263)      (1.141)      (1.078)      (1.005)
     Net  Asset   Value,   End  of Period              $79.69      $62.09      $66.72      $56.08      $50.79
           2

     Total   Return                       30.80%      -5.17%      21.17%      12.66%      0.39%
     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)            $252,536      $185,102      $190,099      $151,612      $126,363
     Ratio   of Total   Expenses     to Average    Net  Assets       0.04%      0.04%      0.04%      0.04%      0.05%
     Ratio   of Net  Investment     Income    to Average
     Net  Assets                        1.88%      1.96%      1.87%      2.09%      1.96%
                3
     Portfolio    Turnover     Rate                  4%      3%      3%      4%      3%
     1

      Calculated     based   on average    shares   outstanding.
     2
      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.
     3
      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.

                                537/564








                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     Institutional      Shares

     For  a Share   Outstanding                                  Year   Ended   December     31,
     Throughout      Each   Period                  2019      2018      2017      2016      2015
     Net  Asset   Value,   Beginning     of Period           $62.10      $66.73      $56.09      $50.80      $51.60
     Investment     Operations
                                 1      1      1
     Net  Investment     Income
                               1.365      1.354      1.153      1.082      1.017
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                          17.649      (4.715)      10.630      5.291      (.808)
     Total   from   Investment     Operations               19.014      (3.361)      11.783      6.373      .209
     Distributions
     Dividends     from   Net  Investment     Income           (1.414)      (1.269)      (1.143)      (1.083)      (1.009)
     Distributions      from   Realized    Capital    Gains            -      -      -      -      -
     Total   Distributions                       (1.414)      (1.269)      (1.143)      (1.083)      (1.009)
     Net  Asset   Value,   End  of Period              $79.70      $62.10      $66.73      $56.09      $50.80
     Total   Return                       30.81%      -5.16%      21.17%      12.67%      0.42%

     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)            $152,716      $115,115      $113,557      $79,443      $57,438
     Ratio   of Total   Expenses     to Average    Net  Assets       0.03%      0.03%     0.035%      0.03%      0.04%
     Ratio   of Net  Investment     Income    to Average
     Net  Assets                        1.89%      1.97%      1.87%      2.10%      1.97%
                2
     Portfolio    Turnover     Rate                  4%      3%      3%      4%      3%
     1  Calculated     based   on average    shares   outstanding.

      Excludes     the  value   of portfolio    securities     received    or delivered     as a result   of in-kind    purchases     or redemptions
     2  of the  fund's   capital   shares,   including     ETF  Creation    Units.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

                                538/564









                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     Institutional      Plus  Shares

                                                     April   28,
                                                        1
                                                      2015
                                      Year   Ended   December     31,
     For  a Share   Outstanding                                          to Dec.  31,
     Throughout      Each   Period                  2019      2018      2017      2016      2015
     Net  Asset   Value,   Beginning     of Period           $116.46      $125.14      $105.18      $95.26      $100.00
     Investment     Operations
                                 2      2      2
     Net  Investment     Income
                               2.575      2.555      2.182      2.042      1.335
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                          33.100      (8.842)      19.938      9.924      (4.631)
     Total   from   Investment     Operations               35.675      (6.287)      22.120      11.966      (3.296)
     Distributions
     Dividends     from   Net  Investment     Income           (2.665)      (2.393)      (2.160)      (2.046)      (1.444)
     Distributions      from   Realized    Capital    Gains            -      -      -      -      -
     Total   Distributions                       (2.665)      (2.393)      (2.160)      (2.046)      (1.444)
     Net  Asset   Value,   End  of Period              $149.47      $116.46      $125.14      $105.18       $95.26
     Total   Return                      30.82%      -5.15%      21.19%      12.69%      -3.28%

     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)            $188,188      $135,641      $126,130      $85,031      $63,093
                                                         3
     Ratio   of Total   Expenses     to Average    Net  Assets
                              0.02%      0.02%      0.02%      0.02%      0.02%
     Ratio   of Net  Investment     Income    to Average
                                                         3
     Net  Assets                        1.90%      1.98%      1.89%      2.11%      1.99%
                4                                         5
     Portfolio    Turnover     Rate                  4%      3%      3%      4%      3%
     1  Inception.

     2
      Calculated     based   on average    shares   outstanding.
     3  Annualized.
     4
      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.
     5
      Reflects    the  fund's   portfolio    turnover    for  the  fiscal   year  ended   December     31,  2015.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

                                539/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     Financial     Highlights

     Institutional      Select   Shares

                                                     June  27,
                                                        1
                                                      2016
                                    Year   Ended   December     31,
     For  a Share   Outstanding                                          to Dec.  31
     Throughout      Each   Period                   2019       2018       2017         2016
     Net  Asset   Value,   Beginning     of Period            $122.20       $131.31       $110.37         $97.70
     Investment     Operations
                                   2       2       2
     Net  Investment     Income
                                2.709       2.704       2.311         1.181
     Net  Realized    and  Unrealized     Gain   (Loss)   on
     Investments                           34.731       (9.290)       20.908         12.718
     Total   from   Investment     Operations                37.440       (6.586)       23.219         13.899
     Distributions
     Dividends     from   Net  Investment     Income            (2.810)       (2.524)       (2.279)         (1.229)
     Distributions      from   Realized    Capital    Gains             -       -       -         -
     Total   Distributions                        (2.810)       (2.524)       (2.279)         (1.229)
     Net  Asset   Value,   End  of Period               $156.83       $122.20       $131.31         $110.37
     Total   Return                        30.84%       -5.14%       21.20%         14.24%

     Ratios/Supplemental          Data

     Net  Assets,    End  of Period   (Millions)              $26,431       $20,262       $14,163         $8,545
                                                         3
     Ratio   of Total   Expenses     to Average    Net  Assets
                                0.01%       0.01%       0.01%        0.01%
     Ratio   of Net  Investment     Income    to Average
                                                         3
     Net  Assets                         1.91%       1.99%       1.90%        2.15%
                4                                         5
     Portfolio    Turnover     Rate                   4%       3%       3%        4%
     1  Inception.

     2
      Calculated     based   on average    shares   outstanding.
     3  Annualized.
     4
      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.
     5
      Reflects    the  fund's   portfolio    turnover    for  the  fiscal   year  ended   December     31,  2016.
     See  accompanying       Notes,   which   are  an integral    part  of the  Financial     Statements.

                                540/564







                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     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   six  classes    of shares:    Investor    Shares,    ETF  Shares,
     Admiral    Shares,    Institutional      Shares,    Institutional      Plus  Shares,    and  Institutional      Select   Shares.    Each   of the  share
     classes    has  different     eligibility     and  minimum     purchase     requirements,       and  is designed     for  different     type   of
     investors.     ETF  Shares   are  listed   for  trading    on 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.

     investment     companies.     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      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.
     2. Futures    Contracts:     The  fund  uses  index   futures    contracts    to a limited    extent,   with  the  objectives     of maintaining

     full  exposure    to the  stock   market,    maintaining      liquidity,     and  minimizing      transaction     costs.   The  fund  may  purchase
     futures    contracts    to immediately      invest   incoming     cash  in the  market,    or sell  futures    in response    to cash  outflows,
     thereby    simulating     a fully  invested    position    in the  underlying     index   while   maintaining      a cash  balance    for  liquidity.
     The  primary    risks  associated     with  the  use  of futures   contracts    are  imperfect     correlation     between    changes    in market
     values   of stocks   held  by  the  fund   and  the  prices   of futures    contracts,     and  the  possibility     of an  illiquid    market.
     Counterparty      risk  involving     futures    is mitigated     because    a regulated     clearinghouse       is the  counterparty      instead    of
     the  clearing    broker.    To  further    mitigate    counterparty      risk,   the  fund   trades   futures    contracts     on  an  exchange,
     monitors    the  financial    strength    of its clearing    brokers    and  clearinghouse,       and  has  entered    into  clearing    agreements
     with  its clearing    brokers.    The  clearinghouse       imposes    initial   margin    requirements      to secure   the  fund's   performance
     and  requires    daily   settlement     of variation    margin    representing      changes    in the  market    value   of each  contract.    Any
     assets   pledged    as initial   margin    for  open   contracts    are  noted   in the  Statement     of Net  Assets.
     Futures    contracts    are  valued   at their  quoted   daily   settlement     prices.   The  notional    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  years   ended   December     31,  2019   and  December     31,  2018,   the  fund's   average    investments      in long  and

     short   futures    contracts     represented      less  than  1%  and  0%  and  less  than  1%  and  0%  of net  assets,   respectively,
     based   on the  average    of the  notional    amounts    at each  quarter-end      during   the  periods.
     3. Swap   Contracts:     The  fund  has  entered    into  equity   swap   contracts    to earn  the  total  return   on  selected    reference

     stocks   in the  fund's   target   index.   Under   the  terms   of the  swaps,   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   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  generally     invests    an amount    approximating       the  notional
     amount    of the  swap   in high-quality      temporary     cash  investments.
                                541/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     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    in the  Statement     of Net  Assets   as an  asset   (liability)     and  in the  Statement     of Operations     as
     unrealized     appreciation      (depreciation)       until  termination      of the  swap,   at which   time  realized    gain  (loss)   is recorded.
     A risk  associated     with  all types   of swaps   is the  possibility     that  a counterparty      may  default    on its obligation     to pay

     net  amounts    due  to  the  fund.   The  fund's   maximum     amount    subject    to  counterparty      risk  is the  unrealized
     appreciation      on  the  swap   contract.    The  fund   mitigates     its  counterparty      risk  by  entering    into  swaps   only  with  a
     diverse    group   of prequalified      counterparties,       monitoring      their   financial     strength,     entering    into  master    netting
     arrangements       with  its  counterparties,       and  requiring     its  counterparties       to transfer    collateral     as security    for  their
     performance.       In the  absence    of a default,    the  collateral     pledged    or received    by  the  fund   cannot    be  repledged,
     resold,   or rehypothecated.        In the  event   of a counterparty's       default    (including     bankruptcy),      the  fund  may  terminate
     any  swap   contracts    with  that  counterparty,       determine     the  net  amount    owed   by either   party   in accordance      with  its
     master   netting   arrangements,       and  sell  or retain   any  collateral     held  up to the  net  amount    owed   to the  fund  under   the
     master   netting    arrangements.       The  swap   contracts     contain    provisions     whereby    a counterparty      may  terminate     open
     contracts    if the  fund  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  pledged.    Any  securities     pledged    as collateral     for  open   contracts    are  noted   in the  Statement     of Net  Assets.
     The  value   of collateral     received    or pledged    is compared     daily   to the  value   of the  swap   contracts     exposure     with
     each  counterparty,      and  any  difference,     if in excess   of a specified    minimum     transfer    amount,    is adjusted    and  settled
     within   two  business    days.
     During    the  years   ended   December     31,  2019   and  December     31,  2018,   the  fund's   average    amounts    of investments      in

     total  return   swaps   represented      less  than  1%  and  less  than  1%  of net  assets,   respectively,      based   on the  average    of
     notional    amounts    at each  quarter-end      during   the  periods.
     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,  2015-2019),      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.   Distributions      are  determined

     on  a tax  basis   and  may  differ   from   net  investment      income    and  realized    capital    gains   for  financial     reporting
     purposes.
     6. Securities     Lending:    To  earn  additional     income,    the  fund  lends   its securities     to qualified    institutional      borrowers.

     Security    loans   are  subject    to termination      by  the  fund  at any  time,   and  are  required    to be secured    at all  times   by
     collateral     in an  amount    at least   equal   to the  market    value   of securities     loaned.    Daily   market    fluctuations      could
     cause   the  value   of loaned   securities     to be more   or less  than  the  value   of the  collateral     received.     When   this  occurs,
     the  collateral     is adjusted    and  settled   before   the  opening    of the  market    on  the  next  business    day.  The  fund  further
     mitigates     its  counterparty      risk  by  entering    into  securities     lending    transactions      only   with   a diverse    group   of
     prequalified      counterparties,       monitoring      their   financial     strength,     and  entering    into  master    securities     lending
     agreements      with   its  counterparties.       The  master    securities     lending    agreements      provide    that,   in the  event   of a
     counterparty's       default   (including     bankruptcy),      the  fund  may  terminate     any  loans   with  that  borrower,     determine     the
     net  amount    owed,   and  sell  or retain   the  collateral     up  to the  net  amount    owed   to the  fund;   however,     such  actions
     may  be  subject    to legal   proceedings.      While   collateral     mitigates     counterparty      risk,  in the  event   of a default,    the
     fund   may   experience      delays   and  costs   in recovering     the  securities     loaned.    The  fund   invests    cash   collateral
     received    in Vanguard     Market    Liquidity     Fund,   and  records    a liability    in the  Statement     of Net  Assets   for  the  return
     of the  collateral,     during   the  period   the  securities     are  on loan.   Securities     lending    income    represents     fees  charged    to
     borrowers     plus  income    earned   on invested    cash  collateral,     less  expenses    associated     with  the  loan.   During    the  term
     of the  loan,   the  fund  is entitled    to all distributions      made   on or in respect    of the  loaned   securities.
                                542/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     7. Credit   Facility:    The  fund  and  certain   other   funds   managed    by The  Vanguard     Group   ("Vanguard")       participate     in

     a $4.3  billion   committed     credit   facility    provided    by a syndicate     of lenders    pursuant    to a credit   agreement     that  may
     be  renewed    annually;     each   fund   is individually      liable   for  its  borrowings,      if any,   under   the  credit   facility.
     Borrowings      may  be utilized    for  temporary     and  emergency     purposes,     and  are  subject    to the  fund's   regulatory     and
     contractual      borrowing     restrictions.      The  participating      funds   are  charged    administrative       fees   and  an  annual
     commitment      fee  of 0.10%   of the  undrawn    amount    of the  facility;    these   fees  are  allocated    to the  funds   based   on a
     method    approved     by the  fund's   board   of trustees    and  included    in Management      and  Administrative       expenses    on the
     fund's   Statement     of Operations.      Any  borrowings      under   this  facility    bear  interest    at a rate  based   upon   the  higher   of
     the  one-month     London    Interbank     Offered    Rate,   federal   funds   effective    rate,  or overnight     bank   funding    rate  plus  an
     agreed-upon      spread.
     The  fund   had  no  borrowings      outstanding      at December     31,  2019,   December     31,  2018,   or at any  time  during   the

     period   then  ended.
     8. 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.   Premiums     and  discounts     on debt  securities
     purchased     are  amortized     and  accreted,    respectively,      to interest    income    over  the  lives   of the  respective     securities,
     except    for  premiums     on  certain    callable    debt   securities     that  are  amortized     to the  earliest    call  date.   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),     shareholder      reporting,     and  the  proxy.   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. In accordance      with  the  terms   of a Funds'   Service    Agreement      (the  “FSA”)    between    Vanguard     and  the  fund,

     Vanguard     furnishes     to the  fund   investment      advisory,     corporate     management,       administrative,       marketing,     and
     distribution      services    at Vanguard's      cost  of operations     (as  defined    by  the  FSA).   These   costs   of operations     are
     allocated     to the  fund   based   on  methods    and  guidelines     approved     by  the  board   of trustees.    Vanguard     does   not
     require    reimbursement        in  the  current    period    for  certain    costs   of  operations      (such    as  deferred
     compensation/benefits           and  risk/insurance       costs);   the  fund's   liability    for  these   costs   of operations     is included    in
     Payables     to Vanguard     on  the  Statement     of Net  Assets.    All  other   costs   of operations     payable    to Vanguard     are
     generally     settled   twice   a month.
     Upon   the  request    of Vanguard,     the  fund  may  invest   up to 0.40%   of its net  assets   as capital   in Vanguard.     For  the

     years   ended   December     31,  2019   and  December     31,  2018,   the  fund   had  contributed      to Vanguard     capital   in the
     amount    of  $39,345,000      and  $38,011,000,       respectively,       representing      less  than   0.01%    and  less  than   0.01%,
     respectively,      of the  fund's   net  assets   and  15.74%    and  15.20%,    respectively,      of Vanguard's      capitalization.       The
     fund's   trustees    and  officers    are  also  directors    and  employees,     respectively,      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).       Any  investments      valued    with  significant     unobservable       inputs   are  noted   on  the  Statement     of Net
     Assets.
                                543/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     The  following     table   summarizes      the  market    value   of the  fund's   investments      as of December     31,  2019,   based   on

     the  inputs   used  to value   them:
                                   Level   1      Level   2      Level   3

     Investments                               ($000)         ($000)         ($000)
     Common     Stocks                        894,889,490              96        4,958
     Preferred     Stocks                            43          -         -
     Temporary     Cash   Investments                     5,328,966          137,690            -
                1
     Futures    Contracts-Assets                            8,801           -         -
                  1
     Futures    Contracts-Liabilities                           (1,990)            -         -
     Swap   Contracts-Assets                               -       9,669           -
     Total                            900,225,310           147,455          4,958
     1 Represents     variation    margin    on the  last  day  of the  reporting    period.
     The  following     table   summarizes      the  market    value   of the  fund's   investments      as of December     31,  2018,   based   on

     the  inputs   used  to value   them:
                                   Level   1      Level   2      Level   3

     Investments                               ($000)         ($000)         ($000)
     Common     Stocks                        668,268,616             154        5,973
     Temporary     Cash   Investments                     5,691,905          263,813            -
                1
     Futures    Contracts-Assets                           30,362            -         -
                  1
     Futures    Contracts-Liabilities                            (320)           -         -
     Swap   Contracts-Liabilities                               -       (2,211)            -
     Total                            673,990,563           261,756          5,973
     1 Represents     variation    margin    on the  last  day  of the  reporting    period.
     D.  Permanent     differences      between    book-basis     and  tax-basis     components      of net  assets   are  reclassified      among

     capital   accounts    in the  financial    statements     to reflect   their  tax  character.     These   reclassifications        have   no effect   on
     net  assets   or net  asset   value   per  share.   As  of December     31,  2019,   permanent     differences     primarily     attributable      to
     the  accounting      for  in-kind    redemptions,       passive    foreign    investment      companies,      and  swap   agreements      were
     reclassified      between    the  following     accounts:
                                                     Amount

                                                      ($000)
     Paid-in    Capital                                            8,345,099
     Total   Distributable      Earnings    (Loss)                                  (8,345,099)
     Temporary      differences      between    book-basis     and  tax-basis    components      of total  distributable      earnings    (loss)   arise

     when   certain    items   of income,    gain,   or loss  are  recognized     in different    periods    for  financial    statement     and  tax
     purposes;     these   differences     will  reverse    at some   time  in the  future.   The  differences     are  primarily     related   to the  tax
     deferral    of losses   on wash   sales;   the  realization     of unrealized     gains   or losses   on certain   futures   contracts    and  swap
     agreements;      and  unrealized     gains   on  passive    foreign    investment     companies.      As  of December     31,  2019,   the  tax-
     basis   components      of total  distributable      earnings    (loss)   are  detailed    in the  table   as follows:
                                                     Amount

                                                      ($000)
                                                     255,875
     Undistributed       Ordinary    Income
                                                        -
     Undistributed       Long-Term      Gains
                                                    (6,156,034)
     Capital    Loss  Carryforwards       (Non-Expiring)
                                                   386,223,802
     Net  Unrealized     Gains   (Losses)
                                544/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     As  of December     31,  2019,   gross   unrealized     appreciation      and  depreciation      for  investments      and  derivatives      based

     on cost  for  U.S.  federal   income    tax  purposes    were   as follows:
                                                     Amount

                                                      ($000)
                                                   514,137,441
     Tax  Cost
                                                   410,556,295
     Gross   Unrealized     Appreciation
                                                   (24,332,493)
     Gross   Unrealized     Depreciation
                                                   386,223,802
     Net  Unrealized     Appreciation      (Depreciation)
     Permanent     differences     between    book-basis     and  tax-basis    components      of net  assets   are  reclassified      among   capital

     accounts    in the  financial    statements     to reflect   their   tax  character.     These   reclassifications        have   no  effect   on  net
     assets   or net  asset   value   per  share.   As  of December     31,  2018,   permanent     differences     primarily     attributable      to the
     accounting      for  in-kind    redemptions,       passive    foreign    investment      companies,      and  swap   agreements      were
     reclassified      between    the  following     accounts:
                                                     Amount

                                                      ($000)
                                                    6,485,473
     Paid-in    Capital
                                                    (6,485,473)
     Total   Distributable      Earnings    (Loss)
     Temporary      differences      between    book-basis     and  tax-basis    components      of total  distributable      earnings    (loss)   arise

     when   certain    items   of income,    gain,   or loss  are  recognized     in different    periods    for  financial    statement     and  tax
     purposes;     these   differences     will  reverse    at some   time  in the  future.   The  differences     are  primarily     related   to the  tax
     deferral    of losses   on wash   sales;   the  realization     of unrealized     gains   or losses   on certain   futures   contracts,     and  swap
     agreements;      and  unrealized     gains   on  passive    foreign    investment     companies.      As  of December     31,  2018,   the  tax-
     basis   components      of total  distributable      earnings    (loss)   are  detailed    in the  table   as follows:
                                                     Amount

                                                      ($000)
     Undistributed       Ordinary    Income                                     807,370
     Undistributed       Long-Term      Gains                                        -
     Capital    Loss  Carryforwards       (Non-Expiring)                                  (1,732,284)
     Net  Unrealized     Gains   (Losses)                                    195,107,884
     As  of December     31,  2018,   gross   unrealized     appreciation      and  depreciation      for  investments      and  derivatives      based

     on cost  for  U.S.  federal   income    tax  purposes    were   as follows:
                                                     Amount

                                                      ($000)
                                                   479,122,577
     Tax  Cost
                                                   223,890,207
     Gross   Unrealized     Appreciation
                                                   (28,782,323)
     Gross   Unrealized     Depreciation
                                                   195,107,884
     Net  Unrealized     Appreciation      (Depreciation)
                                545/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     E.  During    the  years   ended   December     31,  2019   and  December     31,  2018,   purchases     and  sales   of investment

     securities,     other   than  temporary     cash  investments      were:
                  ($000)          ($000)

                Purchases            Sales
     2019           77,124,211          44,189,839
     2018           93,038,834          35,268,959
     F. During    the  year  ended   December     31,  2019   and  December     31,  2018,   purchases     and  sales,   in connection     with  in-

     kind  purchases     and  sales   of the  fund's   capital   share   were:
                  ($000)          ($000)

                Purchases            Sales
     2019           16,479,628          11,228,727
     2018           21,745,488          10,979,688
     G. Certain    of the  fund's   investments      are  in companies     that  are  considered     to be affiliated     companies     of the  fund

     because    the  fund  owns   more   than  5%  of the  outstanding      voting   securities     of the  company     or the  issuer   is another
     member    of The  Vanguard     Group.    Transactions      during   the  year  ended   December     31,  2019   in securities     of these
     companies     were   as follows:
                                           Current   Period  Transactions

                            Proceeds
                  Dec.  31,                                  Dec.  31,
                              from
                   2018              Realized     Change   in       Capital   Gain     2019
                            Securities
                   Market    Purchases           Net Gain   Unrealized          Distributions       Market
                               1
                   Value     at Cost     Sold     (Loss)    App.(Dep.)      Income     Received      Value
                   ($000)     ($000)     ($000)     ($000)     ($000)     ($000)      ($000)     ($000)
                     2                                    3
     Acacia  Research   Corp.         NA     3,424      690     (372)     (565)      -      -    NA
                     2
     Computer   Task  Group  Inc.       NA     1,856      173     (58)     578      -      -    3,867
                     2
     Great  Ajax  Corp.           NA    20,667      3,944      388     1,259     728       -   23,995
                     2                                    3
     Moleculin    Biotech   Inc.         NA     3,224      90    (100)     (1,467)       -      -    NA
                     2                                    3
     Orchid  Island  Capital   Inc.        NA    14,499      8,590     (4,137)     1,826     1,963       -    NA
     Perma-Pipe    International
                     2
     Holdings   Inc.            NA     2,933      16     (10)     236      -      -    4,362
                     2
     Safeguard   Scientifics    Inc.        NA     6,067     1,500      (48)    1,338     1,085       -   11,504
                     2
     Spirit  MTA  REIT           NA     3,988      88     126     2,476     2,384       -    2,191
     Vanguard   Market
                          4     4
     Liquidity   Fund          5,691,905       NA     NA     305     226    70,056        -  5,328,966
     Total             5,691,905                 (3,906)     5,907    76,216        -  5,374,885
     1
      Does   not  include    adjustments      to related   return   of capital.
     2
      Not  Applicable-at       December     31,  2018,   the  issuer   was  not  an affiliated    company     of the  fund.
     3
      Not  Applicable-at       December     31,  2019,   the  security    was  still  held,   but  the  issuer   was  no  longer   an affiliated
      company     of the  fund.
     4
      Not  Applicable-purchases          and  sales   are  for  temporary     cash  investment     purposes.
                                546/564






                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     Total   Stock   Market    Index   Fund
     H. Capital    share   transactions      for  each  class   of shares   were:

                                             Year   Ended   December     31,

                                        2019               2018
                               Amount        Shares       Amount       Shares
                                ($000)       (000)       ($000)       (000)
     Investor    Shares
     Issued                          7,749,732        109,431       16,009,467        241,652
     Issued   in Lieu  of Cash   Distributions               2,435,264        33,011       2,255,725        33,764
         1
     Redeemed                         (25,048,279)        (342,517)       (15,458,304)        (222,427)
     Net  Increase    (Decrease)-Investor         Shares          (14,863,283)        (200,075)        2,806,888        52,989
     ETF  Shares
     Issued                         25,747,266        171,544       18,928,131        135,252
     Issued   in Lieu  of Cash   Distributions                    -       -        -       -
     Redeemed                         (10,707,779)         (71,400)       (8,794,139)        (62,200)
     Net  Increase    (Decrease)-ETF        Shares            15,039,487        100,144       10,133,992         73,052
     Admiral    Shares
        1
     Issued                         37,798,017        521,571       29,607,545        433,536
     Issued   in Lieu  of Cash   Distributions               3,668,017        49,584       3,114,582        46,549
     Redeemed                         (27,813,734)        (383,118)       (23,729,824)        (348,197)
     Net  Increase    (Decrease)-Admiral         Shares          13,652,300        188,037       8,992,303        131,888
     Institutional      Shares
     Issued                         18,127,281        253,986       27,433,744        407,227
     Issued   in Lieu  of Cash   Distributions               2,526,249        34,162       2,093,941        31,328
     Redeemed                         (16,389,814)        (225,625)       (19,574,403)        (286,645)
     Net  Increase    (Decrease)-Institutional           Shares         4,263,716        62,523       9,953,282        151,910
     Institutional      Plus  Shares
     Issued                         23,108,140        173,405       31,228,823        248,199
     Issued   in Lieu  of Cash   Distributions               3,223,646        23,230       2,582,398        20,611
     Redeemed                         (13,903,892)        (102,224)       (14,539,143)        (112,031)
     Net  Increase    (Decrease)-Institutional           Plus  Shares      12,427,894         94,411      19,272,078        156,779
     Institutional      Select   Shares
     Issued                          3,339,486        23,224       9,064,355        64,847
     Issued   in Lieu  of Cash   Distributions                467,850        3,217       351,965        2,683
     Redeemed                          (3,446,207)        (23,715)       (1,292,675)         (9,583)
     Net  Increase    (Decrease)-Institutional           Select   Shares       361,129        2,726      8,123,645        57,947
     1
      In November     2018,   the  fund   announced     changes    to the  availability      and  minimum     investment     criteria    of the
      Investor    and  Admiral    share   classes.    As  a result,   all of the  outstanding      Investor    Shares   automatically       converted
      to Admiral    Shares   beginning     in April   2019,   with  the  exception     of those   held  by  Vanguard     funds   and  certain
      other   institutional      investors.      Investor    Shares-Redeemed         and  Admiral    Shares-Issued       include    153,030,000      and
      152,973,000      shares,    respectively,      in the  amount    of $11,326,553,000        from   the  conversion      during    the  year
      ended   December     31,  2019.
     H.  Management      has  determined      that  no  events   or transactions      occurred    subsequent      to December     31,  2019,   that

     would   require    recognition      or disclosure     in these   financial    statements.
                                547/564



                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （２）【損益計算書】

        ファンドの損益計算書については、「１財務諸表、（１）貸借対照表」の項目に記載したファンドの

       損益計算書を御参照下さい。
      （３）【投資有価証券明細表等】

       ①【投資株式明細表】

         ファンドの投資株式明細表については、「１財務諸表、（１）貸借対照表」の項目に記載したファ

        ンドの純資産計算書を御参照下さい。
       ②【株式以外の投資有価証券明細表】

         ファンドの株式以外の投資有価証券明細表については、「１財務諸表、（１）貸借対照表」の項目

        に記載したファンドの純資産計算書を御参照下さい。
       ③【投資不動産明細表】

         該当なし。

       ④【その他投資資産明細表】

         該当なし。

       ⑤【借入金明細表】

         該当なし。

                                548/564









                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ２【ファンドの現況】

      【純資産額計算書】
     （全受益証券クラス）                                         （ 2020  年４月末日現在）
                                      米ドル          千円（   Ⅴ ．を除く）
     Ⅰ ．  資産総額                            827,285,605,888              88,412,012,701
     Ⅱ ．  負債総額                             4,891,659,806              522,771,683
                    （注１）
     Ⅲ ．                              822,393,946,082              87,889,241,018
         純資産総額（       Ⅰ － Ⅱ ）
              （注２）
     Ⅳ ．                                   9,302,661,695       口
         発行済口数
                          （注
         １口当り純資産価格（            Ⅲ ／ Ⅳ ）
     Ⅴ ．                                   88.40            9,448   円
         ３）
      （注１）アドミラル受益証券の純資産総額は、                   222,241,935,241       米ドルである。
      （注２）アドミラル受益証券の発行済口数は、                   3,127,227,523      口である。
      （注３）アドミラル受益証券の１口当り純資産価格は、                       71.07  米ドルである。
                                549/564















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第４【外国投資信託受益証券事務の概要】

      （イ）ファンド証券の名義書換

        ファンド記名式証券の名義書換機関は次のとおりである。
        取扱機関　ザ・バンガード・グループ・インク
        取次場所　郵送先住所：アメリカ合衆国、ペンシルバニア州　                                19482   、
                     バレーフォージ、         P.O.   Box  2600
        日本の受益者については、ファンド証券の保管を販売取扱会社に委託している場合、その販売取扱会
       社の責任で必要な名義書換手続がとられ、それ以外の場合については自己の責任で行う。
        名義書換の費用は徴収されない。
      （ロ）受益者集会

        年次受益者集会は開催されない。トラストの契約および信託宣言または                                     1940  年法により要求されてい
       る場合には、臨時受益者集会が随時開催される。
      （ハ）受益者に対する特典、譲渡制限

        受益者に対する特典はない。
        ファンドはいかなる者によるファンド証券の取得も制限することができる。
                                550/564













                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第二部【特別情報】

     第１【管理会社の概況】

     １【管理会社の概況】

      （イ）資本の額
        該当なし。
      （ロ）トラストの機構
        受託者はトラストの資産および運営につき唯一の所有者であるかのような絶対的な支配権をもつが、
       修正･再録済契約および信託宣言に定められるようにその権限を第三者に付与できる。修正･再録済契約
       および信託宣言は、受託者が、トラストの利益になるために必要、適当かつ望ましいと考えるすべての
       行為、書類の作成権限を定めている。
        受託者の数は受託者会の随時定めるところに従うものとし、常に１名以上とする。欠員が生じた場
       合、残余の受託者は、その裁量により適切と判断する者を受託者に任命し当該欠員を補充する。受託者
       は、各シリーズの発行済受益証券の３分の２の議決により、受益者集会においていつでも解任される。
       受託者の任期は、途中解任、辞任、変更または死亡がない限り本トラストの存続期間とする。
        トラストの受託者は、修正･再録済契約および信託宣言により受益証券を発行し、それを複数のシリー
       ズに分割できる。各シリーズの資産は、すべての目的において当該シリーズに取消不能のものとして帰
       属する。別個のシリーズの間の権利、特権および優先権は受託者が定める。受託者は特定のシリーズの
       受益証券を受託者が認める内容を異にするクラスに分割できる。
        修正･再録済契約および信託宣言に基づき、受益者は、証書が規定する範囲で、次にかかげる事項につ
       いてのみ議決することができる。
       （ ⅰ ）修正･再録済契約および信託宣言第４条１項に定める受託者の選任または解任
       （ ⅱ ） 1940  年法の適用規定（第          16 条（ａ）項を含む。）により要求されるトラストに関する追加的事項
       （ ⅲ ）その他法律に要請されない限り受託者が必要または望ましいと考える事項
        各受益者は、受益者会に議決のため提出された各議案についての基準日に当該受益者が保有する受益
       証券１口当り（端数を含む。）の純資産価格の１米ドルに対し１議決権（端数については端数の議決
       権）を有する。受託者の選任については累積投票は行われない。議決権の行使は、本人または委任状に
       より行われる。受益者により、または受益者のために署名された委任状は、その行使時またはそれ以前
       に争われない限り有効とみなされ、無効の立証責任は効力を争う者に課せられる。
        受益者会は、受託者により招集される。受益者会は、受託者の指定する場所で開催される。受益者集
       会の書面による通知は、当該受益者集会の                      90 日以内かつ      10 日以上前に受託者により手渡しまたは郵券を
       貼付した郵便で、集会の時間および場所を明記して、トラストの受益者名簿に記載されている受益者の
       住所宛に送付される。
        1940  年法または修正･再録済契約および信託宣言に別異に定められる場合の他、議決権のある総発行済
       受益証券の      50 ％を超える受益証券を表象する発行済受益証券を受益者名簿上保有する受益者が本人また
       は委任状により出席した場合、当該集会での議決のための定足数が満たされる。受益者会は、集会を他
       の日および時刻に延期する旨の議案を適正に認める過半数の議決により、定足数に足りていたかを問わ
       ず、随時延期され、当該集会は当初集会が予定されていた期日後合理的期間内に、追加的通知をするこ
       となく開催することができる。
        受託者は、修正･再録済契約および信託宣言により、トラストの業務を遂行するため修正･再録済契約
       および信託宣言と矛盾しない内容の付属定款を定める権限を付与されている。付属定款は、受託者会が
       会長、社長、財務役および秘書役を任命することを意図している。受託者は、トラストの業務上要求さ
       れる他の役員または代理人を選任または任命することができる。受託者は、役員または委員会により下
                                551/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
       位の役員、または代理人を任命する権限を委譲することができる。受託者はトラストの付属定款を、当
       該権限が受益者に留保されていない範囲で変更または廃止することができる。
        受託者は、裁量により定期または所定の受託者会の開催を定めることができる。これらの会議につい
       ては通知を不要とする。定期または所定の会議以外の受託者会は、受託者または、いずれかの受託者が
       招集した場合に開催される。定期または所定会議以外の会議の日時と場所の通知は各受託者に少なくと
       も会議の２日前に郵送するか、または、会議の少なくとも１日前までに各受託者に電報、海外電報、電
       信または直接配達で行わなければならない。
        通常または特別受託者会においても、本人出席の受託者の過半数が会議の議事に関する定足数を構成
       する。法律、修正･再録済契約および信託宣言またはトラストの付属定款に別段の定めのある場合を除
       き、受託者がなすべき決議は、定足数をみたす会議で出席受託者の過半数によるか、または全受託者の
       書面による同意により行うものとする。
        修正･再録済契約および信託宣言は、同書所定の状況と条件のもとで、トラストの受託者、役員および
       受益者の補償規定を備えている。
     ２【事業の内容及び営業の概況】

       トラストは、組入証券の購入、売却、申込みおよび交換ならびにファンド資産に直接または間接に付随
      する権利の行使を含む管理・運用業務を行う。
       ザ・バンガード・グループ・インクは、トラストの投資運用会社、名義書換および配当支払代行会社で
      ある。バンガードは、ファンドの投資顧問会社でもある。ＪＰモルガン・チェース・バンクは、ファンド
      の保管銀行であり、ファンド資産を維持し、全ての必要なファンド資産の帳簿および記録を保管し、米国
      外の副保管銀行あるいは証券預託所の任命につき責任を負う。
                                552/564












                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ３【管理会社の経理状況】

       該当なし。
                                553/564




















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     ４【利害関係人との取引制限】

       ファンドは、投資顧問、法人の所在地事務代行会社、支払事務代行会社、販売会社、授権代理人、また
      はこれらの取締役、役員、従業員もしくは主要株主（自己または他人（ノミニー名義を含む。）の名義で
      かかる会社の全発行済株式の               10 ％を超えて保有する株主をいう。）であって本人としてもしくは自己の計
      算で取引する者との間で、証券（ファンドの受益証券を除く。）の売却、購入もしくは貸付け、または金
      銭の貸付けもしくは借入れをしてはならない。ただし、かかる取引が、前記の制限の範囲内で、かつ
      （ａ）公開の実勢相場で決まる価格、または（ｂ）国際的に認知された証券市場もしくは金融市場におけ
      る実勢競争価格もしくは金利で行われる場合を除く。
     ５【その他】

      （１）受託者および役員の変更
        受託者は、各シリーズの発行済受益証券の３分の２の賛成決議により解任される。欠員が生じた場合
       は、残余の受託者は、その裁量により適切と判断する者を受託者に任命する。受託者は適切と考える数
       の受託者を追加することができる。受託者は適切と考える役員を選任または解任することができる。
      （２）契約および信託宣言の変更
        修正・再録済契約および信託宣言はいつでも受託者の多数の署名をもって改訂または修正される。
      （３）訴訟事件その他の重要事項
        本書提出前１年以内において、トラストに重要な悪影響を与え、または与えることが予想される未公
       表の事実はない。
        ファンドの会計年度の最終日は、                 12 月 31 日である。
                                554/564












                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第２【その他の関係法人の概況】

     １【名称、資本金の額及び事業の内容】

      （１）ザ・バンガード・グループ・インク（「投資運用会社」、「投資顧問会社」および「名義書換およ
         び配当支払代行会社」）
         （ The  Vanguard     Group,    Inc.  ）
       ① 　資本の額
         2020  年４月末日現在　         250,032,582      米ドル（約      267  億 2,098   万円）
       ② 　事業の内容
         ザ・バンガード・グループ・インク（「バンガード」）は、                               1974  年に米国ペンシルバニア法に基づ
        き設立され、       1940  年投資顧問業者法に基づき投資顧問会社として登録されている。
         バンガードは、修正・再録済ファンド・サービス契約に基づき設立され、運営される。ファンド・
        サービス契約第５修正契約は、各バンガード・ファンドはその純資産価額の最大                                          0.40  ％をバンガード
        に投資するよう要請されうることを定めている。各バンガード・ファンドが出資した金額は、各バン
        ガード・ファンドの相対的純資産価額と当該ファンドのバンガードへの出資の割合的関係を保つため
        に随時調整される。
         2019  年 12 月 31 日現在、ファンドは純資産価額の                 0.01  ％未満を表象する         39,345,000      米ドル（その他の
        資産に含まれる。）をバンガードに対して出資しているが、これは、バンガード・ファンドからの出
        資の  15.74   ％にあたる。
      （２）   JP モルガン・チェース・バンク（「保管銀行」）

         （ JP  Morgan    Chase   Bank  ）
       ① 　資本金の額
         2019  年 12 月末日現在　約        2,613   億 3,000   万米ドル（約       27 兆 9,283   億円）
       ② 　事業の内容
         JP モルガン・チェース・バンクは、金融機関としての業務を行っている。
      （３）バンガード・インベストメンツ・ジャパン株式会社（「代行協会員」）

       ① 　資本金の額
         2020  年４月末日現在　５億           1,850   万円
       ② 　事業の内容
         バンガード・インベストメンツ・ジャパン株式会社は、日本において第一種金融商品取引業および
        投資運用業を営んでいる。
      （４）マネックス証券株式会社（「日本における販売会社」）

       ① 　資本金の額
         2020  年３月末日現在　         12,200   百万円
       ② 　事業の内容
         マネックス証券株式会社は、日本において第一種金融商品取引業を営んでいる。
     ２【関係業務の概要】

      （１）ザ・バンガード・グループ・インク（「投資運用会社」、「投資顧問会社」および「名義書換およ
         び配当支払代行会社」）
         （ The  Vanguard     Group,    Inc.  ）
                                555/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        バンガードは、ファンドの投資運用会社ならびに名義書換および配当支払代行会社としての行為を行
       う。バンガードは、ファンドの投資顧問会社としても従事する。
      （２）   JP モルガン・チェース・バンク（「保管銀行」）

         （ JP  Morgan    Chase   Bank  ）
        JP モルガン・チェース・バンクは保管銀行として行為し、ファンドに保管業務を提供する。
      （３）バンガード・インベストメンツ・ジャパン株式会社（「代行協会員」）

        バンガード・インベストメンツ・ジャパン株式会社は、日本におけるファンドの代行協会員としての
       業務を行う。
      （４）マネックス証券株式会社（「日本における販売会社」）

        マネックス証券株式会社は、日本における販売会社としての業務を行う。
     ３【資本関係】

       ファンドは、       2019  年 12 月 31 日現在、バンガード・ファンドからの出資の                       15.74   ％を占めている。
                                556/564














                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第３【投資信託制度の概要】

      １．デラウェア州における投資信託の概要

        デラウェア籍法定トラストは、デラウェア州法第                          12 編第  38 章を準拠法とする。第            38 章の規定の要旨に
       ついては、「第一部　ファンド情報－第１　ファンドの状況－１　ファンドの性格－（４）ファンドに
       係る法制度の概要」を参照のこと。トラストを設立するには、基本証書を締結し、デラウェア州州務長
       官およびトラストの主たる営業所の所在地である市または町の書記官に信託約款を提出する。デラウェ
       ア籍法定トラストはアメリカ合衆国の登録された投資運用会社に共通の企業形態である。
      ２．デラウェア籍法定トラストとしてデラウェア州において設立されたミューチュアル・ファンドの制度

        について
        デラウェア籍法定トラストは、法人、パートナーシップと同様、最も広い意味での企業組織である。
       デラウェア籍法定トラストは株式（受益証券）を発行することができ、自由に譲渡することができる。
       また株主（受益証券所持者）はトラストの収益から配当を受領することができる。各組織の経営と所有
       は分離している。法定トラストを統括する文書に別途規定されている場合を除き、デラウェア籍法定ト
       ラストの事業および実務は、かかるトラストの受託者に運営されるか、あるいはかかる受託者の指導下
       におかれる。法定トラスト法第                3806  項を参照のこと。
        また、登録された投資会社（ミューチュアル・ファンド）として、デラウェア籍法定トラストは、
       1940  年法およびその他の関連する連邦法および州法により規律される。デラウェア籍法定トラストが登
       録されたミューチュアル・ファンドとして機能する限りにおいて、トラストの受益者は連邦証券法に基
       づく権利および保護を享受する。連邦法は、                        SEC  に提出されるファンドの登録届出書（                     Registration
       Statement     ）の内容についての虚偽および誤解を与える記載または重要な事実の脱漏を禁じている。更
       に、各種証券法は、ミューチュアル・ファンドの募集、販売および広告に関して同様の禁止規定を設け
       ている。
      （１）デラウェア籍法定トラストの設定
        デラウェア籍法定トラストは基本証書（「契約および信託宣言」）、および法定トラスト法第                                                 3810  項
       に基づくトラスト証書の提出により設立される。契約および信託宣言に定める規定に従い、信託財産を
       受託者に移転し、受託者は利益の為にトラストを管理・運営し、受益者の保有する受益証券は、自由に
       譲渡することができる。
        契約および信託宣言の中には、トラストの名称、目的、受託者の報酬、権限および責任、受益者集
       会、受益者の権利、配当金支払い、買戻し、トラストの存続期間・終了、準拠法等に関する規定がおか
       れるのが一般的である。
        ミューチュアル・ファンドとして登録するには                        1933  年法および      1940  年法に基づき登録届出書を              SEC  に提
       出しなければならない。
      （２）受益証券の発行
        投資信託の受益証券を発行するためには投資信託は目論見書を作成しなければならない。目論見書に
       は当該投資信託および受益証券に関する開示事項を記述しなければならず、すなわち、受益証券販売手
       数料、過去      10 年間（または投資信託運用期間中）の投資信託の経理状況、目的、投資方針、投資制限、
       受益証券の販売価格、受益証券の販売・買戻しに関する手続、受益証券の所有に伴う配当、課税に関す
       る情報、投資信託の運用およびそれに伴う費用、投資信託の受益証券の内容その他受益証券の購入希望
       者への提供が望ましい事項が含まれる。
        受益証券の発行に関係する法令は、連邦証券法、各州のブルー・スカイ・ロー、内国歳入法等であ
       る。
                                557/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        受益証券の発行には投資信託が有効な登録届出書を提出済であることを要する。投資信託の発行した
       各受益証券は他のすべての発行済受益証券と同一の議決権を有する。
      （３）ミューチュアル・ファンドの管理および運営
        ミューチュアル・ファンドの管理および運営は通常、投資顧問会社との間に投資顧問契約を締結する
       ことにより行われる。投資顧問会社となるためには、                            1940  年投資顧問業者法の下で投資顧問業者として
       の登録を行っていると共に当該投資信託の受託者会および取締役会の承諾を受けていることを要件とす
       る。投資顧問会社は、投資顧問契約に基づき信託資産の管理・運営に関し、監督官庁および受益証券所
       有者に対する諸々の開示を行う。
        投資顧問会社に対しては投資信託の純資産価格に応じて算出される投資各局省報酬が支払われる。投
       資顧問会社は通常、投資信託との間に投資信託資産の投資・再投資に関して投資顧問契約をする。当該
       投資および再投資は、投資信託の目論見書その他の規制文書に定める投資目的や投資制限に従う。
       （イ）資産評価
         投資信託の受益証券１口当りの純資産価格は、各営業日にニューヨーク証券取引所における通常取
        引の終了時点において計算される。投資信託の純資産価額は、資産総額から負債総額を差引いて算出
        する。受益証券１口当りの純資産価格は、純資産総額を計算時点における発行済受益証券の総口数で
        除したものである。
       （ロ）受益証券の販売、買戻しおよび保管
        ①　受益証券の販売は、投資信託の元引受業者との契約に基づき証券業者が行う。投資信託が採択し
          た販売計画に従い、投資信託は元引受業者に販売手数料を支払う。受益証券１口当りの販売価格
          は、投資信託が注文を受けた後、最初に計算される１口当り純資産価格に、必要に応じ、所定の
          販売手数料を加えたものである。なお、販売価格については目論見書に記載されている。
        ②　受益証券の買戻しも投資信託の元引受業者を通じて行われ、受益証券１口を単位とし、買戻価格
          は投資信託が買戻し注文と券面が発行されている場合には当該券面を受領した後、最初に計算さ
          れる１口当り純資産価格とする。なお、一定の                        SEC  の規則に基づき、投資信託は一定の期間買戻し
          請求に応じないことができる。元引受業者は買戻しについて手数料を請求することができる。
        ③　受益証券の保管
          投資者の     受益証券     は通常ブックエントリー方式で投資信託の名義書換代行会社によって保管され
          る。投資信託の受益証券の券面は発行されない。なお、名義書換代行会社は、受益者に対し、受
          益者の口座明細書を発行する。
       （ハ）開示制度の概要
        ①　受益者に対する開示：              1940  年法の規定により、投資信託は受益者に対して財務情報を含む運営に
          関する年次有価証券報告書および半期報告書を送付する。
        ②　  SEC  に対する開示：        1940  年法の規定に基づき、投資信託は年次有価証券報告書および半期報告書に
          より「ファンド」の財務状況および営業活動の詳細を報告する。
      （４）受益者の権利およびその行使手続
         受益者が受益権を投資信託に対して直接行使するには、受益証券名義人として投資信託に登録され
        ていなければならない。受益者の権利として代表的なものは議決権であるが、それ以外にも、配当金
        請求権、残余財産分配請求権、会計帳簿等閲覧請求権、受益証券譲渡権、その他登録届出書（目論見
        書の記載を含む。）に関する権利などである。
       ①　議決権
         受益者は、各受益証券の純資産価格を１米ドル１議決権を有し、トラスト、内規およびあらゆる該
        当する法律によるファンドの告知のもとに受益者が議決する資格を与えられたいかなる事項に限り、
        端数持分に応じた議決権を有する。議決権は受益者総会において行使するものとするが、当該事項に
        関して議決権を有する発行済受益証券の過半数を保有する受益者の書面による承認があれば総会を開
                                558/564


                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
        催することなく行使することができる。総会は、受託者または付属定款で指定された者が招集し、投
        資信託の本店または受託者の指定する場所において開催する。
         総会の定足数として法令または規則において別途定める場合を除き、議決権ある発行済受益証券の
        50 ％以上を保有する受益者が出席することを要し（委任状によるものを含む。）、法令、信託約款ま
        たは付属定款に別段の定めがない限り、出席した議決権ある発行済受益証券の過半数をもって（委任
        状によるものを含む。）決議を行う。
       ②　買戻請求権
         受益者は何時でも投資信託に対し、受益証券を純資産価格で買戻すことを請求する権利を有する。
        ただし、投資信託は          1940  年法に基づく       SEC  の規則により、一定の期間、買戻し請求に応じないことがで
        きる。
       ③　配当金請求権
         受益者は受益証券１口当り一定の配当金を受領する権利を有する。配当金支払の為の基準日が定め
        られ、支払は、通常、基準日の月または翌月に支払いが実施される。
       ④　残余財産分配請求権
         受益者は、償還によりその保有する受益証券の口数に応じて残余財産の分配を受ける権利を有す
        る。
       ⑤　会計帳簿等閲覧請求権
         受益者は、信託宣言閲覧権、裁判所の決定に応じた会計帳簿閲覧権、および受益者総会の議事録の
        閲覧権を有する。
       ⑥　受益証券を譲渡する権利
         受益証券は譲渡制限はなく、自由に譲渡することができる。
       ⑦　登録届出書に関する権利
         1933  年法により、登録届出書に重要な事項に関する虚偽の記載、または記載すべきもしくは誤解を
        生ぜしめないための重要な事実の脱漏がある場合、証券の取得者は、当該登録届出書に署名した者、
        その提出時の発行体の受託者（または同様の地位にあった者）、その作成に関与した者、当該証券の
        引受人に対し訴訟提起をする権利を有する。
                                559/564










                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （５）関係会社その他
       ①　管理会社
         投資顧問契約に定める条件ならびに投資信託の投資目的と投資制限の下で、投資信託資産の管理・
        運営を業とする会社である。管理会社は                     1940  年投資顧問業者法の下で投資顧問業者として登録し、か
        つ受託者会、取締役会、受益者総会の承認を得た者でなければならない。
       ②　投資顧問会社
         通常は投資管理会社であり、多くの場合投資信託の発起人または設定者である。投資顧問会社の業
        務は投資管理会社と同様であり、投資顧問契約に定める資産投資の管理ならびに一般管理、事務、記
        帳、会計等の業務に従事する。
       ③　引受・販売会社
         常にではないが通常、投資顧問会社との関連を有することが多い。引受・販売会社は                                             SEC  にブロー
        カー／ディーラーとして登録するとともに、金融取引業規制機構の会員でなければならない。
       ④　保管受託銀行
         投資信託は通常、銀行を保管受託銀行に指定し、受益証券その他の資産を保管させる。銀行が保管
        受託銀行となるには、合計              50 万米ドル以上の資本、剰余金、利益を有し、またアメリカ合衆国証券取
        引所の会員であることを要するか、またはアメリカ合衆国証券取引所の設立にかかる中央証券保管機
        関もしくはアメリカ合衆国証券協会の登録会員であることを要する。
      （６）準拠法および監督官庁
       （イ）デラウェア籍法定トラストとして設定されたミューチュアル・ファンドの設立、運営等に関する
          準拠法
         「第一部　ファンド情報－第１　ファンドの状況－１　ファンドの性格－（４）ファンドに係る法
        制度の概要」を参照のこと。
       （ロ）監督官庁の概要
         「第一部　ファンド情報－第１　ファンドの状況－１　ファンドの性格－（６）監督官庁の概要」
        を参照のこと。
      （７）解散、終了その他
       （イ）解散および終了
         デラウェア籍法定トラスト法の下では、法定トラストの解散および終了には契約および信託宣言が
        適用される。契約および信託宣言ならびに適用される証券法の条項に従い、トラストを解散しまたは
        終了するには、トラストの受託者会および取締役会の承認、受益証券所有者への通知ならびに                                                SEC  に対
        する関係書面の提出を要することがある。トラストを清算するには受益証券所有者に投資信託の全資
        産を分配することを要する。
       （ロ）信託約款の修正
         法定トラストの契約および信託宣言への変更は、契約および信託宣言ならびに適用される証券法の
        規定が適用され、適用される契約および信託宣言ならびに証券法の条項に従い、受託者会の決議また
        は書面による承認により修正されるが、受益証券所有者の利益を害するおそれがあるか、または                                                  1940
        年法により要求される特定の事項については、発行済受益証券の過半数決議による承認に従う。
                                560/564





                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
      （８）デラウェア籍法定トラストに対する課税
        投資信託は、内国歳入法（              Internal     Revenue     Code  ）第  851  節に定める要件に合致すれば規制投資会社
       （ Regulated      Investment      Company    ）として適格となる。ファンドがすべての純投資収益および純課税
       キャピタルゲイン（もしあれば）を毎年受益者に分配していれば、連邦所得税の対象から免除される。
       投資信託が受益者に支払う利益からの配当金および短期純収益からの分配金は通常の収入として課税対
       象となる。また、受益者が受領する長期純収益金からの分配金は、受益証券保有期間にかかわらず長期
       のキャピタルゲインとして課税対象となる。
                                561/564


















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
     第４【参考情報】

      ファンドについては、当計算期間において、以下の書類が提出されている。

      201  9 年６月   28 日     有価証券報告書（第          27 期）
      201  9 年９月   30 日     半期報告書（第        28 期中）
     第５【その他】

       該当事項なし。

                                562/564
















                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                             （訳文）
                      独立登録会計事務所の監査報告書

     バンガード・インデックス・ファンズの受託者会及びバンガード・トータル・ストック・マーケッ

     ト・インデックス・ファンドの受益者各位
     財務書類に対する意見

     私どもは、      2019  年 12 月 31 日および     2018  年 12 月 31 日現在のバンガード・トータル・ストック・マーケッ
     ト・インデックス・ファンド（以下「ファンド」という）の添付の純資産計算書、                                           2019  年 12 月 31 日に
     終了した各２年間の計算期間の損益計算書および純資産変動計算書（関連する注記を含む）、並びに
     2019  年 12 月 31 日に終了した各５年間の計算期間の財務ハイライト（以下総称して「財務書類」とい
     う）の監査を行った。私どもの意見では、財務書類は、全ての重要な点において、ファンドの                                                 2019  年
     12 月 31 日および     2018  年 12 月 31 日現在の財政状態、           2019  年 12 月 31 日に終了した各２年間の計算期間の経
     営成績および純資産の変動並びに                  2019  年 12 月 31 日に終了した各５年間の計算期間の財務ハイライト
     を、米国において一般に公正妥当と認められている会計原則に準拠して、適正に表示している。
     監査意見の根拠

     これらの財務書類は、ファンドのマネジメントが責任を負うものである。私どもの責任は、私どもの
     監査に基づいてファンドの財務書類について意見を表明することである。私どもは、公開企業会計監
     視委員会（米国）（以下「              PCAOB   」という）に登録された会計事務所であり、米国連邦証券取引法並び
     に証券取引委員会および             PCAOB   の適用される規則と規制に準拠して、ファンドに対して独立性を保持す
     る必要がある。
     私どもは、      PCAOB   の基準に準拠してこれらの財務書類の監査を実施しており、これらの基準は、財務書
     類に誤謬または不正による重要な虚偽表示がないかどうかについての合理的な保証を得るために、私
     どもが監査を計画し実施することを求めている。
     私どもの監査は、誤謬または不正による財務書類の重要な虚偽表示のリスクを評価し、当該リスクに
     対応した監査手続を実施することを含んでいる。かかる手続は、試査による財務書類の金額および開
     示事項に関する証拠の検証を含んでいる。また私どもの監査は、適用された会計原則やマネジメント
     によってなされた重要な見積もりについての評価、並びに財務書類の全般的な表示の評価を含んでい
     る。私どもの手続は、            2019  年 12 月 31 日および     2018  年 12 月 31 日現在において保有されている、対象とな
     る名義書換代行会社の所有権の記録の照合とカストディアンおよびブローカーに対する書面による有
     価証券の確認を含んでいる。ブローカーから回答を受領できなかった場合には、私どもは代替的監査
     手続を実施する。私どもは、私どもの監査が、私どもの意見表明に関する合理的な基礎を与えるもの
     であると確信している。
     プライスウォーターハウスクーパース　エルエルピー

     フィラデルフィア、ペンシルバニア州
     2020  年２月   13 日

     私どもは、      1975  年より、バンガード・グループ・ファンズの１社以上の投資会社の監査人を務めてい

     る。
                                563/564




                                                           EDINET提出書類
                                               バンガード・インデックス・ファンズ(E14945)
                                                 有価証券報告書（外国投資信託受益証券）
                   Report   of Independent      Registered     Public   Accounting      Firm
     To  the  Board   of Trustees    of Vanguard     Index   Funds   and  Shareholders      of Vanguard     Total   Stock   Market    Index   Fund

     Opinion    on the  Financial     Statements

     We  have   audited    the  accompanying       statements     of net  assets   of Vanguard     Total   Stock   Market    Index   Fund   (the  “Fund”)

     as of December     31,  2019   and  December     31,  2018,   the  related   statements     of operations     and  changes    in net  assets   for  each
     of the  two  years   in the  period   ended   December     31,  2019,   including     the  related   notes,   and  the  financial    highlights     for  each
     of the  five  years   in the  period   ended   December     31,  2019   (collectively      referred    to as the  “financial     statements").      In our
     opinion,    the  financial    statements     present    fairly,   in all material    respects,    the  financial    position    of the  Fund   as of December
     31,  2019   and  December     31,  2018,   the  results   of its operations     and  changes    in its net  assets   for  each  of the  two  years   in
     the  period   ended   December     31,  2019   and  the  financial    highlights     for  each  of the  five  years   in the  period   ended   December
     31,  2019   in conformity     with  accounting     principles     generally     accepted    in the  United   States   of America.
     Basis   for  Opinion

     These   financial    statements     are  the  responsibility       of the  Fund's    management.      Our  responsibility       is to express    an opinion

     on  the  Fund's    financial     statements     based   on  our  audits.   We  are  a public   accounting     firm  registered     with   the  Public
     Company     Accounting      Oversight     Board   (United    States)   ("PCAOB")      and  are  required    to be independent      with  respect    to
     the  Fund   in accordance     with  the  U.S.  federal   securities     laws  and  the  applicable     rules   and  regulations     of the  Securities     and
     Exchange     Commission      and  the  PCAOB.
     We  conducted     our  audits   of these   financial    statements     in accordance     with  the  standards     of the  PCAOB.    Those   standards

     require    that  we  plan  and  perform    the  audit   to obtain   reasonable     assurance     about   whether    the  financial    statements     are  free
     of material    misstatement,       whether    due  to error   or fraud.
     Our  audits   included    performing      procedures      to assess   the  risks   of material    misstatement       of the  financial     statements,

     whether    due  to error   or  fraud,   and  performing      procedures      that  respond    to those   risks.   Such   procedures      included
     examining,      on  a test  basis,   evidence    regarding     the  amounts    and  disclosures     in the  financial    statements.      Our  audits   also
     included    evaluating     the  accounting     principles     used  and  significant     estimates     made   by management,      as well  as evaluating
     the  overall    presentation      of the  financial     statements.      Our  procedures     included    confirmation      of securities     owned    as of
     December     31,  2019   and  December     31,  2018   by correspondence        with  the  custodians     and  brokers    and  by agreement     to the
     underlying     ownership     records    of the  transfer    agent;   when   replies   were   not  received    from   brokers,    we  performed     other
     auditing    procedures.      We  believe    that  our  audits   provide    a reasonable     basis   for  our  opinion.
     /s/PricewaterhouseCoopers             LLP

     Philadelphia,      Pennsylvania
     February    13,  2020
     We  have  served   as the  auditor    of one  or more   investment     companies     in The  Vanguard     Group   of Funds   since   1975.

     （※）上記は、監査報告書の原本に記載された事項を電子化したものであり、その原本は本書提出会

        社が別途保管しております。
                                564/564

PDFをダウンロード

関連コンテンツ