# EDGAR Filing Document

**Accession Number:** 0000932471
**File Stem:** 0001683863-23-000223
**Filing Date:** 2023-1
**Character Count:** 2707
**Document Hash:** 57c21ed7556e6a6e73549036e8986a4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000223.hdr.sgml**: 20250311

**ACCESSION NUMBER**: 0001683863-23-000223

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD HORIZON FUNDS
- **CENTRAL INDEX KEY:** 0000932471

**ORGANIZATION NAME:**
- **IRS NUMBER:** 232787277
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 2600
- **STREET 2:** M33
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD HORIZON FUND INC
- **DATE OF NAME CHANGE:** 19941107

![](gawio7ffk221x93ir7nmq.jpg)

P.O. Box 2600

Valley Forge, PA 19482 michael_drayo@vanguard.com

---

| | |
|:---|:---|
| <br> January 23, 2023 |  |
| Lisa N. Larkin, Esq. | **via electronic filing** |
| U.S. Securities & Exchange Commission | **via electronic filing** |
| 100 F Street, N.E. |  |
| Washington, DC 20549 |  |

---

**Re: Vanguard Horizon Funds (the "Trust")**

**File No. 33-56443**

**Post-Effective Amendment No. 70 – Vanguard Global Equity Fund**

Dear Ms. Larkin:

This letter responds to your comments provided on January 6, 2023, on the above-referenced post" effective amendment. The comments apply to Vanguard Global Equity Fund, a series of the Trust.

<u>Comment 1</u>: On page 9, in the first full paragraph, in factor (3), consider using a plain English description of "positive skew."

<u>Response</u>: We have revised the description and replaced "the range of outcomes has a positive skew" with "Pzena's downside analysis suggests the range of outcomes is more likely than not to be favorable."

<u>Comment 2</u>: On page 9, in the second full paragraph, consider using a plain English description of "secular trends."

<u>Response</u>: We have revised the description and replaced "secular trends" with "consistent patterns over periods of time."

<u>Comment 3</u>: On page 9, in the second full paragraph, "sustainability and ESG" is mentioned the first and only time in the Prospectus. Please describe how ESG is involved with the strategy in this Fund and provide corresponding risk disclosures.

<u>Response</u>: We have revised the disclosure and removed the reference to "sustainability and ESG."

If you have any questions, please contact me at michael_drayo@vanguard.com.

Sincerely,

/s/ Michael Drayo

Michael Drayo

Associate General Counsel

The Vanguard Group, Inc.