Semiannual Report  |  February 29, 2024
Vanguard Corporate Bond Index Funds
Vanguard Short-Term Corporate Bond Index Fund
Vanguard Intermediate-Term Corporate Bond Index Fund
Vanguard Long-Term Corporate Bond Index Fund
See the inside front cover for important information about your fund’s annual and semiannual shareholder reports.

 

Important information about shareholder reports
Beginning in July 2024, amendments adopted by the Securities and Exchange Commission will substantially impact the design, content, and transmission of shareholder reports. Shareholder reports will provide key fund information in a clear and concise format and must be mailed to each shareholder that has not elected to receive the reports electronically. Financial statements will no longer be included in the shareholder report but will be available at vanguard.com, can be mailed upon request, or can be accessed on the SEC’s website at www.sec.gov.
You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
Contents
About Your Fund's Expenses

1
Short-Term Corporate Bond Index Fund

3
Intermediate-Term Corporate Bond Index Fund

35
Long-Term Corporate Bond Index Fund

64

 

About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund‘s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1

 

Six Months Ended February 29, 2024      
  Beginning
Account Value
8/31/2023
Ending
Account Value
2/29/2024
Expenses
Paid During
Period
Based on Actual Fund Return
Short-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,034.40 $0.20
Admiral™ Shares 1,000.00 1,034.60 0.35
Institutional Shares 1,000.00 1,034.40 0.25
Intermediate-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,039.50 $0.20
Admiral Shares 1,000.00 1,039.30 0.35
Institutional Shares 1,000.00 1,039.40 0.25
Long-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,041.00 $0.20
Admiral Shares 1,000.00 1,040.60 0.36
Institutional Shares 1,000.00 1,041.10 0.25
Based on Hypothetical 5% Yearly Return
Short-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,024.66 $0.20
Admiral Shares 1,000.00 1,024.51 0.35
Institutional Shares 1,000.00 1,024.61 0.25
Intermediate-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,024.66 $0.20
Admiral Shares 1,000.00 1,024.51 0.35
Institutional Shares 1,000.00 1,024.61 0.25
Long-Term Corporate Bond Index Fund      
ETF Shares $1,000.00 $1,024.66 $0.20
Admiral Shares 1,000.00 1,024.51 0.35
Institutional Shares 1,000.00 1,024.61 0.25
The calculations are based on expenses incurred in the most recent six-month period. The funds’ annualized six-month expense ratios for that period are: for the Short-Term Corporate Bond Index Fund, 0.04% for ETF Shares, 0.07% for Admiral Shares, and 0.05% for Institutional Shares; for the Intermediate-Term Corporate Bond Index Fund, 0.04% for ETF Shares, 0.07% for Admiral Shares, and 0.05% for Institutional Shares; and for the Long-Term Corporate Bond Index Fund, 0.04% for ETF Shares, 0.07% for Admiral Shares, and 0.05% for Institutional Shares. The dollar amounts shown as ”Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2

 

Short-Term Corporate Bond Index Fund
Fund Allocation
As of February 29, 2024
Corporate Bonds – Communications 5.5%
Corporate Bonds – Consumer Discretionary 7.3
Corporate Bonds – Consumer Staples 5.7
Corporate Bonds – Energy 5.4
Corporate Bonds – Financials 40.9
Corporate Bonds – Health Care 8.2
Corporate Bonds – Industrials 6.5
Corporate Bonds – Materials 2.0
Corporate Bonds – Real Estate 3.8
Corporate Bonds – Technology 7.6
Corporate Bonds – Utilities 6.0
U.S. Government and Agency Obligations 1.1
The table reflects the fund's investments, except for temporary cash investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
3

 

Short-Term Corporate Bond Index Fund
Financial Statements (unaudited)
Schedule of Investments
As of February 29, 2024
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
U.S. Government and Agency Obligations (1.1%)
U.S. Government Securities (1.1%)
  United States Treasury Note/Bond 4.625% 2/28/26   222,763    222,764
  United States Treasury Note/Bond 4.000% 1/31/29    30,730     30,374
  United States Treasury Note/Bond 4.250% 2/28/29   209,940    209,973
Total U.S. Government and Agency Obligations (Cost $462,853) 463,111
Corporate Bonds (97.7%)
Communications (5.4%)
  Alphabet Inc. 0.450% 8/15/25    11,127     10,462
  Alphabet Inc. 1.998% 8/15/26    31,350     29,442
  Alphabet Inc. 0.800% 8/15/27    11,789     10,415
  AT&T Inc. 3.875% 1/15/26    18,055     17,613
  AT&T Inc. 5.539% 2/20/26    19,924     19,898
  AT&T Inc. 1.700% 3/25/26    68,258     63,464
  AT&T Inc. 2.950% 7/15/26     1,413      1,343
  AT&T Inc. 3.800% 2/15/27     6,711      6,466
  AT&T Inc. 4.250% 3/1/27    25,414     24,772
  AT&T Inc. 2.300% 6/1/27    43,046     39,411
  AT&T Inc. 1.650% 2/1/28    33,079     29,110
1 AT&T Inc. 4.100% 2/15/28    30,248     29,163
  Baidu Inc. 3.075% 4/7/25    14,396     14,006
  Baidu Inc. 4.125% 6/30/25     2,840      2,786
  Baidu Inc. 1.720% 4/9/26     9,439      8,764
  Baidu Inc. 1.625% 2/23/27     3,420      3,089
  Baidu Inc. 3.625% 7/6/27     9,876      9,404
  Baidu Inc. 4.375% 3/29/28     8,391      8,187
  Booking Holdings Inc. 3.650% 3/15/25     8,794      8,648
  Booking Holdings Inc. 3.600% 6/1/26    16,330     15,826
  Booking Holdings Inc. 3.550% 3/15/28     9,935      9,454
  Charter Communications Operating LLC 4.908% 7/23/25    81,363     80,228
  Charter Communications Operating LLC 6.150% 11/10/26    14,655     14,800
  Charter Communications Operating LLC 3.750% 2/15/28    30,680     28,333
  Charter Communications Operating LLC 2.250% 1/15/29    20,620     17,394
  Comcast Corp. 3.375% 8/15/25    14,372     14,030
  Comcast Corp. 3.950% 10/15/25    61,699     60,630
  Comcast Corp. 3.150% 3/1/26    32,049     30,932
  Comcast Corp. 2.350% 1/15/27    32,461     30,262
  Comcast Corp. 3.300% 2/1/27    37,085     35,553
  Comcast Corp. 3.300% 4/1/27    13,399     12,782
  Comcast Corp. 5.350% 11/15/27    19,900     20,210
  Comcast Corp. 3.150% 2/15/28    19,807     18,575
  Comcast Corp. 3.550% 5/1/28    19,655     18,652
  Comcast Corp. 4.150% 10/15/28    66,478     64,532
  Comcast Corp. 4.550% 1/15/29     8,478      8,341
  Discovery Communications LLC 3.450% 3/15/25     9,077      8,864
  Discovery Communications LLC 3.950% 6/15/25     5,899      5,759
  Discovery Communications LLC 4.900% 3/11/26    10,364     10,204
  Discovery Communications LLC 3.950% 3/20/28    45,105     42,169
  Electronic Arts Inc. 4.800% 3/1/26    10,049      9,995
  Expedia Group Inc. 5.000% 2/15/26    20,956     20,815
  Expedia Group Inc. 4.625% 8/1/27    21,745     21,279
  FactSet Research Systems Inc. 2.900% 3/1/27     9,307      8,692
  Fox Corp. 3.050% 4/7/25    10,775     10,487
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  Fox Corp. 4.709% 1/25/29    32,028     31,260
  Interpublic Group of Cos. Inc. 4.650% 10/1/28     6,276      6,146
2 KT Corp. 4.000% 8/8/25     6,037      5,919
  Meta Platforms Inc. 3.500% 8/15/27    49,756     47,705
  Meta Platforms Inc. 4.600% 5/15/28    25,098     24,999
  Netflix Inc. 4.375% 11/15/26    14,453     14,219
  Netflix Inc. 4.875% 4/15/28    24,198     24,158
  Netflix Inc. 5.875% 11/15/28    31,302     32,430
  Omnicom Group Inc. 3.600% 4/15/26    21,759     21,078
  Paramount Global 2.900% 1/15/27    17,205     15,501
  Paramount Global 3.375% 2/15/28     5,321      4,658
  Paramount Global 3.700% 6/1/28    11,697     10,199
  Rogers Communications Inc. 2.950% 3/15/25    14,905     14,509
  Rogers Communications Inc. 3.625% 12/15/25    14,006     13,573
  Rogers Communications Inc. 2.900% 11/15/26     3,787      3,564
  Rogers Communications Inc. 3.200% 3/15/27    15,828     14,903
  Rogers Communications Inc. 5.000% 2/15/29     7,553      7,483
  Sprint Capital Corp. 6.875% 11/15/28    41,073     43,777
  Sprint LLC 7.625% 3/1/26    21,051     21,754
  Take-Two Interactive Software Inc. 3.550% 4/14/25     5,977      5,855
  Take-Two Interactive Software Inc. 5.000% 3/28/26    13,935     13,859
  Take-Two Interactive Software Inc. 3.700% 4/14/27     8,193      7,833
  Take-Two Interactive Software Inc. 4.950% 3/28/28    14,475     14,354
  TCI Communications Inc. 7.875% 2/15/26     3,233      3,397
  Telefonica Emisiones SA 4.103% 3/8/27    26,819     25,973
  TELUS Corp. 2.800% 2/16/27     9,937      9,309
  Tencent Music Entertainment Group 1.375% 9/3/25     2,471      2,324
  Thomson Reuters Corp. 3.350% 5/15/26     8,290      7,951
  T-Mobile USA Inc. 3.500% 4/15/25    57,880     56,596
  T-Mobile USA Inc. 1.500% 2/15/26    20,191     18,773
  T-Mobile USA Inc. 2.250% 2/15/26    11,895     11,206
  T-Mobile USA Inc. 2.625% 4/15/26    28,930     27,408
  T-Mobile USA Inc. 3.750% 4/15/27    63,488     60,862
  T-Mobile USA Inc. 5.375% 4/15/27     8,335      8,324
  T-Mobile USA Inc. 4.750% 2/1/28    25,690     25,279
  T-Mobile USA Inc. 2.050% 2/15/28    54,471     48,523
  T-Mobile USA Inc. 4.950% 3/15/28     3,281      3,261
  T-Mobile USA Inc. 4.800% 7/15/28     8,828      8,710
  T-Mobile USA Inc. 2.625% 2/15/29    16,475     14,632
1 TWDC Enterprises 18 Corp. 3.150% 9/17/25    21,295     20,659
  TWDC Enterprises 18 Corp. 3.000% 2/13/26    19,233     18,517
1 TWDC Enterprises 18 Corp. 1.850% 7/30/26    18,734     17,413
1 TWDC Enterprises 18 Corp. 2.950% 6/15/27     6,460      6,118
  Verizon Communications Inc. 0.850% 11/20/25    36,283     33,672
  Verizon Communications Inc. 1.450% 3/20/26    37,054     34,358
  Verizon Communications Inc. 2.625% 8/15/26    29,975     28,267
  Verizon Communications Inc. 4.125% 3/16/27    52,839     51,388
  Verizon Communications Inc. 3.000% 3/22/27    24,270     22,835
  Verizon Communications Inc. 2.100% 3/22/28    63,838     56,839
  Verizon Communications Inc. 4.329% 9/21/28    64,932     63,035
  Vodafone Group plc 4.125% 5/30/25    20,460     20,126
  Vodafone Group plc 4.375% 5/30/28    15,670     15,401
  Walt Disney Co. 3.350% 3/24/25    30,941     30,320
  Walt Disney Co. 3.700% 10/15/25    14,567     14,236
  Walt Disney Co. 1.750% 1/13/26    24,725     23,310
  Walt Disney Co. 3.375% 11/15/26     2,191      2,108
  Walt Disney Co. 3.700% 3/23/27     6,170      5,975
  Walt Disney Co. 2.200% 1/13/28    10,785      9,839
4

 

Short-Term Corporate Bond Index Fund
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  Warnermedia Holdings Inc. 3.638% 3/15/25    29,610     28,984
  Warnermedia Holdings Inc. 3.788% 3/15/25     7,420      7,274
  Warnermedia Holdings Inc. 3.755% 3/15/27    65,928     62,396
                               2,260,575
Consumer Discretionary (7.3%)
  Alibaba Group Holding Ltd. 3.400% 12/6/27    43,375     40,944
  Amazon.com Inc. 3.000% 4/13/25    14,580     14,247
  Amazon.com Inc. 0.800% 6/3/25    36,332     34,504
  Amazon.com Inc. 4.600% 12/1/25    10,805     10,755
  Amazon.com Inc. 5.200% 12/3/25     2,246      2,256
  Amazon.com Inc. 1.000% 5/12/26    47,552     43,766
  Amazon.com Inc. 3.300% 4/13/27    65,490     62,773
  Amazon.com Inc. 1.200% 6/3/27    23,867     21,339
  Amazon.com Inc. 3.150% 8/22/27    64,268     60,990
  Amazon.com Inc. 4.550% 12/1/27    36,668     36,545
  Amazon.com Inc. 1.650% 5/12/28    33,416     29,659
1 American Honda Finance Corp. 4.600% 4/17/25    15,588     15,482
1 American Honda Finance Corp. 1.200% 7/8/25     3,358      3,185
1 American Honda Finance Corp. 1.000% 9/10/25    11,078     10,411
1 American Honda Finance Corp. 5.800% 10/3/25    15,000     15,147
1 American Honda Finance Corp. 4.950% 1/9/26     8,837      8,810
1 American Honda Finance Corp. 5.250% 7/7/26    14,156     14,255
1 American Honda Finance Corp. 1.300% 9/9/26     9,966      9,099
1 American Honda Finance Corp. 2.300% 9/9/26    11,429     10,720
1 American Honda Finance Corp. 2.350% 1/8/27    25,287     23,591
1 American Honda Finance Corp. 3.500% 2/15/28     3,000      2,849
1 American Honda Finance Corp. 2.000% 3/24/28    17,327     15,520
1 American Honda Finance Corp. 5.125% 7/7/28    20,938     21,107
  American Honda Finance Corp. 5.650% 11/15/28    22,408     23,040
1 American Honda Finance Corp. 2.250% 1/12/29     5,000      4,440
  AutoNation Inc. 4.500% 10/1/25     7,072      6,942
  AutoNation Inc. 3.800% 11/15/27     5,043      4,692
  AutoZone Inc. 3.250% 4/15/25     4,303      4,200
  AutoZone Inc. 3.625% 4/15/25     7,306      7,173
  AutoZone Inc. 3.125% 4/21/26    12,488     11,962
  AutoZone Inc. 5.050% 7/15/26    11,814     11,785
  AutoZone Inc. 3.750% 6/1/27    13,399     12,868
  AutoZone Inc. 4.500% 2/1/28     9,980      9,776
  AutoZone Inc. 6.250% 11/1/28     5,750      5,982
  Block Financial LLC 5.250% 10/1/25     2,812      2,791
  Block Financial LLC 2.500% 7/15/28     5,614      4,945
  BorgWarner Inc. 2.650% 7/1/27    18,896     17,441
  Darden Restaurants Inc. 3.850% 5/1/27     8,518      8,180
  DR Horton Inc. 2.600% 10/15/25    15,319     14,658
  DR Horton Inc. 1.300% 10/15/26    10,048      9,093
  DR Horton Inc. 1.400% 10/15/27     6,448      5,688
  eBay Inc. 1.900% 3/11/25    21,825     21,060
  eBay Inc. 5.900% 11/22/25     4,164      4,197
  eBay Inc. 1.400% 5/10/26    20,233     18,657
  eBay Inc. 3.600% 6/5/27     9,309      8,891
  eBay Inc. 5.950% 11/22/27     3,924      4,032
  Ford Motor Co. 4.346% 12/8/26    15,000     14,569
  Ford Motor Credit Co. LLC 4.687% 6/9/25    10,155     10,008
  Ford Motor Credit Co. LLC 5.125% 6/16/25    20,092     19,894
  Ford Motor Credit Co. LLC 4.134% 8/4/25    23,475     22,908
  Ford Motor Credit Co. LLC 3.375% 11/13/25    39,670     38,069
1 Ford Motor Credit Co. LLC 4.389% 1/8/26     5,000      4,865
  Ford Motor Credit Co. LLC 6.950% 3/6/26     2,935      2,988
  Ford Motor Credit Co. LLC 6.950% 6/10/26     6,928      7,063
  Ford Motor Credit Co. LLC 4.542% 8/1/26    23,924     23,186
  Ford Motor Credit Co. LLC 2.700% 8/10/26    28,913     26,842
  Ford Motor Credit Co. LLC 4.271% 1/9/27    24,890     23,841
  Ford Motor Credit Co. LLC 4.950% 5/28/27    24,781     24,091
  Ford Motor Credit Co. LLC 4.125% 8/17/27    29,912     28,272
  Ford Motor Credit Co. LLC 3.815% 11/2/27    33,058     30,837
  Ford Motor Credit Co. LLC 7.350% 11/4/27    13,458     14,063
  Ford Motor Credit Co. LLC 2.900% 2/16/28    26,487     23,744
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  Ford Motor Credit Co. LLC 6.800% 5/12/28    22,168     22,880
  Ford Motor Credit Co. LLC 6.798% 11/7/28    19,788     20,491
  Ford Motor Credit Co. LLC 5.113% 5/3/29    20,370     19,633
  Fortune Brands Innovations Inc. 4.000% 6/15/25     8,539      8,379
  General Motors Co. 4.000% 4/1/25    12,963     12,757
  General Motors Co. 6.125% 10/1/25    34,754     35,041
  General Motors Co. 4.200% 10/1/27     9,584      9,230
  General Motors Co. 6.800% 10/1/27    28,718     29,987
  General Motors Financial Co. Inc. 3.800% 4/7/25    12,843     12,589
  General Motors Financial Co. Inc. 4.350% 4/9/25    40,059     39,541
  General Motors Financial Co. Inc. 2.750% 6/20/25    28,499     27,505
  General Motors Financial Co. Inc. 4.300% 7/13/25     9,128      8,977
  General Motors Financial Co. Inc. 1.250% 1/8/26     9,678      8,968
  General Motors Financial Co. Inc. 5.250% 3/1/26    12,349     12,310
  General Motors Financial Co. Inc. 5.400% 4/6/26    23,155     23,166
  General Motors Financial Co. Inc. 1.500% 6/10/26     3,678      3,369
  General Motors Financial Co. Inc. 4.000% 10/6/26    10,384     10,039
  General Motors Financial Co. Inc. 4.350% 1/17/27    40,860     39,767
  General Motors Financial Co. Inc. 2.350% 2/26/27    13,862     12,709
  General Motors Financial Co. Inc. 5.000% 4/9/27    52,174     51,622
  General Motors Financial Co. Inc. 5.400% 5/8/27    20,000     20,022
  General Motors Financial Co. Inc. 2.700% 8/20/27     2,632      2,415
  General Motors Financial Co. Inc. 6.000% 1/9/28    23,442     23,956
  General Motors Financial Co. Inc. 5.800% 6/23/28    48,875     49,577
  General Motors Financial Co. Inc. 2.400% 10/15/28     2,267      1,992
  General Motors Financial Co. Inc. 5.800% 1/7/29    34,625     35,082
  GXO Logistics Inc. 1.650% 7/15/26     6,684      6,129
  Harley-Davidson Inc. 3.500% 7/28/25     9,490      9,212
  Hasbro Inc. 3.550% 11/19/26    11,448     10,856
  Home Depot Inc. 2.700% 4/15/25     1,588      1,547
  Home Depot Inc. 3.350% 9/15/25    11,528     11,246
  Home Depot Inc. 4.000% 9/15/25     7,329      7,214
  Home Depot Inc. 3.000% 4/1/26    23,316     22,461
  Home Depot Inc. 2.125% 9/15/26    19,100     17,849
  Home Depot Inc. 2.500% 4/15/27    36,408     33,911
  Home Depot Inc. 2.875% 4/15/27    17,969     16,955
  Home Depot Inc. 2.800% 9/14/27    28,381     26,594
  Home Depot Inc. 1.500% 9/15/28     9,264      8,071
  Home Depot Inc. 3.900% 12/6/28    15,548     15,045
  Home Depot Inc. 4.900% 4/15/29     4,940      4,958
  Honda Motor Co. Ltd. 2.271% 3/10/25    20,176     19,584
  Honda Motor Co. Ltd. 2.534% 3/10/27    32,203     30,089
  Hyatt Hotels Corp. 5.375% 4/23/25    12,395     12,369
  Hyatt Hotels Corp. 4.850% 3/15/26    11,391     11,258
  Hyatt Hotels Corp. 5.750% 1/30/27     3,645      3,689
  Hyatt Hotels Corp. 4.375% 9/15/28     5,225      5,015
  JD.com Inc. 3.875% 4/29/26     7,893      7,655
  Las Vegas Sands Corp. 3.500% 8/18/26    15,000     14,103
  Leggett & Platt Inc. 3.500% 11/15/27     7,737      7,220
  Leland Stanford Junior University 1.289% 6/1/27     7,459      6,694
  Lennar Corp. 4.750% 5/30/25     2,652      2,627
  Lennar Corp. 5.250% 6/1/26     3,190      3,182
  Lennar Corp. 5.000% 6/15/27     4,234      4,197
  Lennar Corp. 4.750% 11/29/27    10,871     10,697
  Lowe's Cos. Inc. 4.000% 4/15/25     7,289      7,184
  Lowe's Cos. Inc. 4.400% 9/8/25    18,048     17,828
  Lowe's Cos. Inc. 3.375% 9/15/25     9,365      9,110
  Lowe's Cos. Inc. 2.500% 4/15/26     9,025      8,567
  Lowe's Cos. Inc. 3.350% 4/1/27    19,321     18,409
  Lowe's Cos. Inc. 3.100% 5/3/27    40,086     37,882
  Lowe's Cos. Inc. 1.300% 4/15/28    16,754     14,519
  Lowe's Cos. Inc. 1.700% 9/15/28    18,924     16,443
  Magna International Inc. 4.150% 10/1/25     6,926      6,798
  Marriott International Inc. 3.750% 3/15/25     5,944      5,833
1 Marriott International Inc. 5.750% 5/1/25     6,115      6,137
  Marriott International Inc. 3.750% 10/1/25     2,021      1,969
1 Marriott International Inc. 3.125% 6/15/26     7,704      7,354
 
5

 

Short-Term Corporate Bond Index Fund
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  Marriott International Inc. 5.000% 10/15/27    20,215     20,147
1 Marriott International Inc. 4.000% 4/15/28    10,915     10,447
  Marriott International Inc. 5.550% 10/15/28     8,225      8,368
  Marriott International Inc. 4.875% 5/15/29     6,000      5,920
  Masco Corp. 3.500% 11/15/27     5,558      5,224
  Masco Corp. 1.500% 2/15/28     9,278      8,057
1 McDonald's Corp. 3.375% 5/26/25    16,690     16,314
1 McDonald's Corp. 3.300% 7/1/25    20,646     20,156
1 McDonald's Corp. 1.450% 9/1/25     5,338      5,053
1 McDonald's Corp. 3.700% 1/30/26    32,326     31,592
1 McDonald's Corp. 3.500% 3/1/27    12,095     11,645
1 McDonald's Corp. 3.500% 7/1/27    13,080     12,516
1 McDonald's Corp. 3.800% 4/1/28    15,050     14,447
  McDonald's Corp. 4.800% 8/14/28     7,345      7,323
2 Mercedes-Benz Finance North America LLC 0.750% 3/1/24     5,000      5,000
  Mohawk Industries Inc. 5.850% 9/18/28    10,400     10,611
  NIKE Inc. 2.375% 11/1/26    18,728     17,618
  NIKE Inc. 2.750% 3/27/27    32,536     30,678
  O'Reilly Automotive Inc. 3.550% 3/15/26    16,837     16,292
  O'Reilly Automotive Inc. 5.750% 11/20/26     4,576      4,641
  O'Reilly Automotive Inc. 3.600% 9/1/27    20,371     19,406
  Owens Corning 3.400% 8/15/26     6,760      6,451
  PulteGroup Inc. 5.500% 3/1/26     9,895      9,914
  PulteGroup Inc. 5.000% 1/15/27     7,864      7,829
  PVH Corp. 4.625% 7/10/25     3,843      3,789
  Ralph Lauren Corp. 3.750% 9/15/25     5,580      5,453
  Ross Stores Inc. 4.600% 4/15/25    11,412     11,302
  Ross Stores Inc. 0.875% 4/15/26     5,884      5,381
  Sands China Ltd. 5.125% 8/8/25    26,915     26,507
  Sands China Ltd. 4.050% 1/8/26    11,280     10,815
  Sands China Ltd. 2.550% 3/8/27     9,235      8,293
  Sands China Ltd. 5.400% 8/8/28    32,015     31,119
  Snap-on Inc. 3.250% 3/1/27     2,223      2,128
  Stanley Black & Decker Inc. 3.400% 3/1/26     5,987      5,770
1 Stanley Black & Decker Inc. 4.000% 3/15/60    14,414     12,831
  Starbucks Corp. 3.800% 8/15/25    23,418     22,933
  Starbucks Corp. 4.750% 2/15/26    15,341     15,240
  Starbucks Corp. 2.450% 6/15/26    11,109     10,488
  Starbucks Corp. 4.850% 2/8/27    15,550     15,468
  Starbucks Corp. 2.000% 3/12/27     6,465      5,924
  Starbucks Corp. 3.500% 3/1/28    12,015     11,390
  Tapestry Inc. 7.050% 11/27/25     2,600      2,649
  Tapestry Inc. 7.000% 11/27/26     8,200      8,421
1 Tapestry Inc. 4.125% 7/15/27     5,692      5,406
  Tapestry Inc. 7.350% 11/27/28    20,791     21,756
  TJX Cos. Inc. 2.250% 9/15/26    12,319     11,572
  Toll Brothers Finance Corp. 4.875% 11/15/25     4,925      4,867
  Toll Brothers Finance Corp. 4.350% 2/15/28     7,365      7,075
  Toyota Motor Corp. 1.339% 3/25/26     7,576      7,033
  Toyota Motor Corp. 5.275% 7/13/26     7,270      7,321
  Toyota Motor Corp. 5.118% 7/13/28     8,955      9,125
  Toyota Motor Corp. 2.760% 7/2/29     7,158      6,592
1 Toyota Motor Credit Corp. 3.000% 4/1/25    30,948     30,238
1 Toyota Motor Credit Corp. 3.400% 4/14/25    15,180     14,877
  Toyota Motor Credit Corp. 3.950% 6/30/25    14,463     14,243
  Toyota Motor Credit Corp. 5.600% 9/11/25     9,467      9,547
1 Toyota Motor Credit Corp. 0.800% 10/16/25    15,015     14,034
  Toyota Motor Credit Corp. 5.400% 11/10/25    15,234     15,328
1 Toyota Motor Credit Corp. 4.800% 1/5/26     5,840      5,815
1 Toyota Motor Credit Corp. 0.800% 1/9/26     8,985      8,333
  Toyota Motor Credit Corp. 4.450% 5/18/26    20,029     19,818
1 Toyota Motor Credit Corp. 1.125% 6/18/26    28,385     26,047
1 Toyota Motor Credit Corp. 5.000% 8/14/26     6,950      6,949
  Toyota Motor Credit Corp. 5.400% 11/20/26    13,054     13,186
1 Toyota Motor Credit Corp. 3.200% 1/11/27    25,110     23,990
1 Toyota Motor Credit Corp. 1.900% 1/13/27    12,340     11,363
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
1 Toyota Motor Credit Corp. 3.050% 3/22/27    13,047     12,372
1 Toyota Motor Credit Corp. 1.150% 8/13/27     9,164      8,119
1 Toyota Motor Credit Corp. 4.550% 9/20/27    25,122     24,908
  Toyota Motor Credit Corp. 5.450% 11/10/27    16,317     16,640
  Toyota Motor Credit Corp. 4.625% 1/12/28     4,966      4,938
1 Toyota Motor Credit Corp. 1.900% 4/6/28    15,638     13,974
1 Toyota Motor Credit Corp. 5.250% 9/11/28    13,115     13,303
1 Toyota Motor Credit Corp. 4.650% 1/5/29     9,560      9,458
  Toyota Motor Credit Corp. 3.650% 1/8/29     8,930      8,450
  VF Corp. 2.400% 4/23/25     8,858      8,498
  VF Corp. 2.800% 4/23/27     9,057      8,212
  Whirlpool Corp. 3.700% 5/1/25     5,240      5,127
  Whirlpool Corp. 4.750% 2/26/29     5,785      5,649
1 Yale University 0.873% 4/15/25    10,331      9,854
                               3,041,718
Consumer Staples (5.6%)
  Altria Group Inc. 2.350% 5/6/25    14,768     14,254
  Altria Group Inc. 4.400% 2/14/26    18,627     18,329
  Altria Group Inc. 2.625% 9/16/26     7,701      7,235
  Altria Group Inc. 6.200% 11/1/28     9,465      9,827
  Altria Group Inc. 4.800% 2/14/29    32,175     31,603
1 Anheuser-Busch Cos. LLC 3.650% 2/1/26    36,330     35,421
  Anheuser-Busch InBev Worldwide Inc. 4.000% 4/13/28    47,320     45,872
  Anheuser-Busch InBev Worldwide Inc. 4.750% 1/23/29    75,578     75,067
  Archer-Daniels-Midland Co. 2.500% 8/11/26    15,479     14,574
  Avery Dennison Corp. 4.875% 12/6/28     9,982      9,882
  BAT Capital Corp. 2.789% 9/6/24     8,029      7,903
  BAT Capital Corp. 3.215% 9/6/26    20,050     18,995
  BAT Capital Corp. 4.700% 4/2/27    17,135     16,763
  BAT Capital Corp. 3.557% 8/15/27    19,446     18,362
  BAT Capital Corp. 2.259% 3/25/28    33,945     30,031
  BAT International Finance plc 1.668% 3/25/26    33,046     30,620
  BAT International Finance plc 4.448% 3/16/28    23,106     22,286
  BAT International Finance plc 5.931% 2/2/29     2,075      2,118
  Brown-Forman Corp. 3.500% 4/15/25     3,581      3,508
  Bunge Ltd. Finance Corp. 1.630% 8/17/25     9,706      9,188
  Bunge Ltd. Finance Corp. 3.250% 8/15/26    21,551     20,546
  Campbell Soup Co. 3.950% 3/15/25    22,987     22,618
  Campbell Soup Co. 3.300% 3/19/25     7,486      7,299
  Campbell Soup Co. 4.150% 3/15/28    24,390     23,526
  Church & Dwight Co. Inc. 3.150% 8/1/27     8,160      7,688
  Clorox Co. 3.100% 10/1/27     6,641      6,230
  Clorox Co. 4.400% 5/1/29     6,503      6,338
  Coca-Cola Co. 3.375% 3/25/27    22,409     21,588
  Coca-Cola Co. 2.900% 5/25/27     5,464      5,184
  Coca-Cola Co. 1.450% 6/1/27    32,898     29,765
  Coca-Cola Consolidated Inc. 3.800% 11/25/25     5,530      5,402
  Colgate-Palmolive Co. 4.800% 3/2/26     8,022      8,041
  Colgate-Palmolive Co. 3.100% 8/15/27    15,007     14,317
  Colgate-Palmolive Co. 4.600% 3/1/28     6,930      6,978
  Conagra Brands Inc. 4.600% 11/1/25    20,527     20,223
  Conagra Brands Inc. 1.375% 11/1/27    13,691     11,896
  Conagra Brands Inc. 4.850% 11/1/28    29,975     29,456
  Constellation Brands Inc. 4.400% 11/15/25     8,139      8,017
  Constellation Brands Inc. 4.750% 12/1/25     9,881      9,772
  Constellation Brands Inc. 5.000% 2/2/26     4,451      4,423
  Constellation Brands Inc. 3.700% 12/6/26     9,011      8,672
  Constellation Brands Inc. 3.500% 5/9/27    20,693     19,666
  Constellation Brands Inc. 4.350% 5/9/27     9,916      9,696
  Constellation Brands Inc. 3.600% 2/15/28     5,366      5,070
  Constellation Brands Inc. 4.650% 11/15/28    18,595     18,224
  Constellation Brands Inc. 4.800% 1/15/29     2,875      2,832
  Costco Wholesale Corp. 3.000% 5/18/27    17,744     16,926
  Costco Wholesale Corp. 1.375% 6/20/27    36,123     32,467
  Diageo Capital plc 1.375% 9/29/25    12,966     12,228
 
6

 

Short-Term Corporate Bond Index Fund
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  Diageo Capital plc 5.300% 10/24/27    22,427     22,688
  Diageo Capital plc 3.875% 5/18/28     4,135      3,991
  Diageo Capital plc 2.375% 10/24/29     3,475      3,051
  Dollar General Corp. 4.150% 11/1/25     7,924      7,761
  Dollar General Corp. 3.875% 4/15/27    13,728     13,192
  Dollar General Corp. 4.625% 11/1/27    16,405     16,082
  Dollar General Corp. 4.125% 5/1/28     9,518      9,195
  Dollar General Corp. 5.200% 7/5/28     5,175      5,169
  Dollar Tree Inc. 4.000% 5/15/25    15,073     14,809
  Dollar Tree Inc. 4.200% 5/15/28    21,359     20,578
  Estee Lauder Cos. Inc. 3.150% 3/15/27     6,407      6,103
  Estee Lauder Cos. Inc. 4.375% 5/15/28     7,215      7,093
  Flowers Foods Inc. 3.500% 10/1/26     5,976      5,730
  General Mills Inc. 4.000% 4/17/25    16,805     16,538
  General Mills Inc. 4.700% 1/30/27     3,780      3,742
  General Mills Inc. 3.200% 2/10/27    14,510     13,792
  General Mills Inc. 4.200% 4/17/28    28,982     28,102
  General Mills Inc. 5.500% 10/17/28     1,569      1,595
  Haleon UK Capital plc 3.125% 3/24/25    23,196     22,626
  Haleon US Capital LLC 3.375% 3/24/27    34,115     32,431
  Haleon US Capital LLC 3.375% 3/24/29     4,968      4,590
  Hershey Co. 0.900% 6/1/25     3,293      3,129
  Hershey Co. 3.200% 8/21/25     1,765      1,722
  Hershey Co. 2.300% 8/15/26     5,154      4,864
  Hershey Co. 4.250% 5/4/28     8,691      8,546
  Hormel Foods Corp. 1.700% 6/3/28    12,509     11,042
  Ingredion Inc. 3.200% 10/1/26     8,424      8,033
  J M Smucker Co. 3.500% 3/15/25    10,359     10,151
  J M Smucker Co. 3.375% 12/15/27     6,371      6,008
  J M Smucker Co. 5.900% 11/15/28     9,120      9,388
  JBS USA LUX SA 2.500% 1/15/27    17,482     16,055
  JBS USA LUX SA 5.125% 2/1/28    11,824     11,580
  Kellanova 3.250% 4/1/26     5,995      5,762
  Kellanova 4.300% 5/15/28     7,593      7,374
  Kenvue Inc. 5.500% 3/22/25    13,240     13,273
  Kenvue Inc. 5.350% 3/22/26    12,085     12,164
  Kenvue Inc. 5.050% 3/22/28    23,435     23,582
  Keurig Dr Pepper Inc. 4.417% 5/25/25     4,784      4,732
  Keurig Dr Pepper Inc. 3.400% 11/15/25     8,138      7,882
  Keurig Dr Pepper Inc. 2.550% 9/15/26     8,069      7,567
  Keurig Dr Pepper Inc. 3.430% 6/15/27     3,924      3,735
  Keurig Dr Pepper Inc. 4.597% 5/25/28    24,024     23,665
  Kimberly-Clark Corp. 3.050% 8/15/25     5,635      5,479
  Kimberly-Clark Corp. 2.750% 2/15/26     1,119      1,077
  Kraft Heinz Foods Co. 3.000% 6/1/26    35,163     33,551
  Kraft Heinz Foods Co. 3.875% 5/15/27    31,044     29,963
  Kroger Co. 3.500% 2/1/26     4,750      4,604
  Kroger Co. 2.650% 10/15/26    21,739     20,426
  Kroger Co. 3.700% 8/1/27     4,828      4,631
  Kroger Co. 4.500% 1/15/29    11,110     10,859
  McCormick & Co. Inc. 0.900% 2/15/26     2,720      2,502
  McCormick & Co. Inc. 3.400% 8/15/27    13,373     12,649
  Mead Johnson Nutrition Co. 4.125% 11/15/25    20,764     20,372
  Molson Coors Beverage Co. 3.000% 7/15/26    35,269     33,591
  Mondelez International Inc. 1.500% 5/4/25    11,707     11,192
  Mondelez International Inc. 2.625% 3/17/27    16,876     15,736
  Mondelez International Inc. 4.125% 5/7/28       403        395
  PepsiCo Inc. 2.250% 3/19/25    21,763     21,135
  PepsiCo Inc. 2.750% 4/30/25    24,393     23,757
  PepsiCo Inc. 3.500% 7/17/25    12,966     12,701
  PepsiCo Inc. 5.250% 11/10/25     9,300      9,339
  PepsiCo Inc. 2.850% 2/24/26    19,139     18,406
  PepsiCo Inc. 2.375% 10/6/26    17,907     16,871
  PepsiCo Inc. 5.125% 11/10/26    11,581     11,657
  PepsiCo Inc. 2.625% 3/19/27    12,196     11,467
  PepsiCo Inc. 3.000% 10/15/27    24,568     23,160
  PepsiCo Inc. 3.600% 2/18/28    11,860     11,403
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value

($000)
  PepsiCo Inc. 4.450% 5/15/28     2,061      2,057
  Philip Morris International Inc. 2.875% 5/1/24    16,432     16,354
  Philip Morris International Inc. 1.500% 5/1/25     8,603      8,244
  Philip Morris International Inc. 3.375% 8/11/25    13,263     12,933
  Philip Morris International Inc. 5.000% 11/17/25    10,060     10,026
  Philip Morris International Inc. 4.875% 2/13/26    18,022     17,934
  Philip Morris International Inc. 2.750% 2/25/26    13,798     13,179
  Philip Morris International Inc. 0.875% 5/1/26    15,117     13,812
  Philip Morris International Inc. 4.750% 2/12/27    12,445     12,288
  Philip Morris International Inc. 5.125% 11/17/27    43,787     43,853
  Philip Morris International Inc. 4.875% 2/15/28    39,151     38,922
  Philip Morris International Inc. 4.875% 2/13/29    12,000     11,792
  Procter & Gamble Co. 0.550% 10/29/25    21,903     20,420
  Procter & Gamble Co. 2.700% 2/2/26    10,794     10,381
  Procter & Gamble Co. 2.450% 11/3/26    22,549     21,302
  Procter & Gamble Co. 1.900% 2/1/27    11,364     10,529
  Procter & Gamble Co. 2.800% 3/25/27     7,934      7,511
  Procter & Gamble Co. 2.850% 8/11/27    12,028     11,350