# EDGAR Filing Document

**Accession Number:** 0000857490
**File Stem:** 0000857490-26-000107
**Filing Date:** 2026-2
**Character Count:** 48079
**Document Hash:** 76d4b09ab46727341258bf63ba6c342b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000857490-26-000107.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000857490-26-000107

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD VARIABLE INSURANCE FUNDS
- **CENTRAL INDEX KEY:** 0000857490

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05962
- **FILM NUMBER:** 26688398

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD VARIABLE INSURANCE FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD VARIABLE INSURANCE FUND INC
- **DATE OF NAME CHANGE:** 19910505

## Series and Classes Contracts Data

### International Portfolio (Series ID: S000004403)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000012159 | International Portfolio |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VANGUARD VARIABLE INSURANCE FUNDS

- **b. Investment Company Act file number:** 811-05962

- **c. CIK number of Registrant:** 0000857490

- **d. LEI of Registrant:** 549300N9FZ0B1IR95761

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** INTERNATIONAL PORTFOLIO

- **b. EDGAR series identifier (if any):** S000004403

- **c. LEI of Series:** OT40UIT5RF6NRFJZGB59

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3310986724.97

**Total Liabilities:** $6580198.01

**Net Assets:** $3304406526.96

**Cash Not Reported:** $2665945.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012159 | 1.35%                | -3.18%               | 0.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40276992.86             | $4622981.46                                |
| Month 2  | $10089273.65             | $-118037970.11                             |
| Month 3  | $36176296.52             | $-8591262.52                               |

### Schedule of Portfolio Investments

| Name                                              | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                               | SEK/USD FWD 20260318                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2454.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                          | ADYEN NV                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |     54565 | NS      | $87990125.61  | 2.66%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Delivery Hero SE                                  | DELIVERY HERO SE                           | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |    573579 | NS      | $15119514.23  | 0.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Brandtech Group Ltd/The                           | THE BRANDTECH GROUP LLC                    | CUSIP: N/A<br>LEI: 5493001ZSPIU8EIY2M93       | Long             | EC               | CORP              | US        |   3903901 | NS      | $2467265.22   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lonza Group AG                                    | LONZA GROUP -REG                           | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |     20501 | NS      | $13822176.97  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                        | DISCO CORP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    114100 | NS      | $34761937.24  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                         | WUXI BIOLOGICS C                           | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | HK        |   3586500 | NS      | $14503136.05  | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Reliance Industries Ltd                           | RELIANCE INDUSTR                           | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |   1019791 | NS      | $17844930.15  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                                  | PDD HOLDINGS INC                           | CUSIP: N/A<br>LEI: 5493000573DS7005T657       | Long             | EC               | CORP              | US        |    363942 | NS      | $41267383.38  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                         | HOYA CORP                                  | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     92400 | NS      | $14014269.46  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                                         | BUNZL PLC                                  | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    212262 | NS      | $5927201.48   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                | MITSUBISHI UFJ F                           | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |   1657300 | NS      | $26303125.64  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc                | MS&AD INSURANCE                            | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |    988200 | NS      | $23199980.17  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Zealand Pharma A/S                                | ZEALAND PHARMA A                           | CUSIP: N/A<br>LEI: 549300ITBB1ULBL4CZ12       | Long             | EC               | CORP              | DK        |     75843 | NS      | $5510165.21   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp                                    | ATLASSIAN CORP-A                           | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |    105959 | NS      | $17180192.26  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                                      | VAT GROUP AG                               | CUSIP: N/A<br>LEI: 529900MVFK7NVALR7Y83       | Long             | EC               | CORP              | CH        |     39224 | NS      | $18831436.16  | 0.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Temenos AG                                        | TEMENOS AG-REG                             | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |    122094 | NS      | $12142475.81  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                        | SAMSUNG ELECTRON                           | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    121438 | NS      | $10178312.61  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                | BBVA                                       | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |   1355762 | NS      | $31802378.52  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                           | VESTAS WIND SYST                           | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    685214 | NS      | $18533117.98  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     67014 | NS      | $32409310.68  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                        | LEGRAND SA                                 | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    122436 | NS      | $18201658.42  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                         | TORONTO-DOM BANK                           | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    279272 | NS      | $26320808.66  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG            | CHOCOLADEFABR-PC                           | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       874 | NS      | $12770776.06  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SOITEC                                            | SOITEC                                     | CUSIP: N/A<br>LEI: 969500ZR92SQCU9TST26       | Long             | EC               | CORP              | FR        |     60821 | NS      | $1643372.53   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                        | L'OREAL                                    | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     89721 | NS      | $38518631.90  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd                             | FAST RETAILING                             | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |     45400 | NS      | $16461507.84  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TSMC                                       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   4724000 | NS      | $232218875.52 | 7.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                          | SMC CORP                                   | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |     17000 | NS      | $5882012.73   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                             | DAIKIN INDS                                | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |     83700 | NS      | $10704544.24  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                         | ARGENX SE                                  | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | BE        |     39269 | NS      | $33125102.39  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                                    | ADVANTEST CORP                             | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |    601500 | NS      | $76058364.08  | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                          | LLOYDS BANKING                             | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   9116791 | NS      | $12058908.73  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                        | GENMAB A/S                                 | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |     55477 | NS      | $17196972.95  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |       111 | NS      | $11092.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Akeso Inc                                         | AKESO INC                                  | CUSIP: N/A<br>LEI: 254900ECWYGR3QW5GF30       | Long             | EC               | CORP              | HK        |    764000 | NS      | $11119198.20  | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                    | NU HOLDINGS LT-A                           | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | US        |   4669392 | NS      | $78165622.08  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                     | AIA                                        | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   3804800 | NS      | $39163162.25  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                         | SANOFI                                     | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    111053 | NS      | $10744950.52  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinnevik AB                                       | KINNEVIK AB - B                            | CUSIP: N/A<br>LEI: 2138006PZH76JOS6MN27       | Long             | EC               | CORP              | SE        |    853670 | NS      | $7696252.91   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                                   | SONY GROUP CORP                            | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    689800 | NS      | $17694039.47  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                        | FERRARI NV                                 | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |    109050 | NS      | $40524518.07  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                               | SOFTBANK GROUP C                           | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |    265600 | NS      | $7450960.36   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                   | LONDON STOCK EX                            | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |    167746 | NS      | $20177922.04  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20260318                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-18565.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                         | KDDI CORP                                  | CUSIP: J31843105<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    814900 | NS      | $14104046.62  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                          | BANK CENTRAL ASI                           | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  21078900 | NS      | $10178929.61  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                      | GANFENG LITHIU-H                           | CUSIP: N/A<br>LEI: 3003006BE6UOHWEOOR42       | Long             | EC               | CORP              | HK        |   1655400 | NS      | $11077001.89  | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp                            | FUJIFILM HOLDING                           | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |    385600 | NS      | $8181818.94   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                                          | WISE PLC - A                               | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |   3077907 | NS      | $36873389.50  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                        | HALEON PLC                                 | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |   3967605 | NS      | $20049821.85  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ANI Technologies Pvt Ltd                          | ANI TECHNOLOGIES                           | CUSIP: N/A<br>LEI: 3358005EI53EZBOISD56       | Long             | EC               | CORP              | IN        |     19170 | NS      | $218191.38    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocado Group PLC                                   | OCADO GROUP PLC                            | CUSIP: N/A<br>LEI: 213800LO8F61YB8MBC74       | Long             | EC               | CORP              | GB        |   2151007 | NS      | $6804692.51   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                  | RAIADROGASIL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1622658 | NS      | $6920616.60   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                      | PRYSMIAN SPA                               | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |    187516 | NS      | $18706086.35  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                            | UCB SA                                     | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     60008 | NS      | $16719810.99  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                               | WISETECH GLOBAL                            | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |    626661 | NS      | $28490839.69  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                                | SAGE GROUP PLC/T                           | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |    642468 | NS      | $9344362.33   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                       | FINECOBANK SPA                             | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |    782965 | NS      | $20286273.23  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                             | SCHNEIDER ELECTR                           | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     75892 | NS      | $20762171.52  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                     | HDFC BANK LTD                              | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   3721457 | NS      | $41110533.08  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                      | IBERDROLA SA                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    642109 | NS      | $13903836.63  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                          | HERMES INTL                                | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |     16933 | NS      | $42042084.70  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd             | CHECK POINT SOFT                           | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | US        |     49275 | NS      | $9143469.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd               | SHENZHEN INOVA-A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1119121 | NS      | $12061157.04  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                          | RELX PLC                                   | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    972405 | NS      | $39175102.20  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | CHF/USD FWD 20260318                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-688.48      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EAFE         Mar26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       382 | NC      | $143011.23    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc                               | MOBILEYE GLOBA-A                           | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324695 | NS      | $3389815.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                           | DSV A/S                                    | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |    210698 | NS      | $53065618.26  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                                           | EXOR NV                                    | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |    334660 | NS      | $28427417.04  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                      | KEYENCE CORP                               | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |    146100 | NS      | $52847980.30  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |  86298028 | NS      | $86298028.35  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd            | CONTEMPORARY A-A                           | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    662200 | NS      | $34820155.15  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                           | RECRUIT HOLDINGS                           | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |    212700 | NS      | $11951943.39  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                       | CIE FINANCI-REG                            | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     98716 | NS      | $21288195.63  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING-R                           | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |     11296 | NS      | $11036908.61  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | CHF/USD FWD 20260318                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-961.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE               | LVMH MOET HENNE                            | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     18104 | NS      | $13645630.62  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                       | HEINEKEN NV                                | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |    203798 | NS      | $16814743.88  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                       | RECKITT BENCKISE                           | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |    218312 | NS      | $17665667.36  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                       | WIX.COM LTD                                | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | US        |    100217 | NS      | $10411544.13  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                          | ALCON INC                                  | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |    149507 | NS      | $11830195.97  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                          | SVENSKA HAN-A                              | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |    550890 | NS      | $7981036.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Flipkart Online Services Pvt Ltd                  | Flipkart H Series Private - Dummy for ABOR | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     13514 | NS      | $16081.66     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DNB Bank ASA                                      | DNB BANK ASA                               | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    511847 | NS      | $14260448.62  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ARM Holdings PLC                                  | ARM HOLDINGS PLC                           | CUSIP: N/A<br>LEI: 2138001E66EELTE7Y904       | Long             | EC               | CORP              | US        |     39358 | NS      | $4302222.98   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                         | BLOCK INC                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    109659 | NS      | $7137704.31   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                                  | SBI HOLDINGS INC                           | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    586000 | NS      | $12628294.86  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA PLC                            | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |    154927 | NS      | $28670680.15  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd            | CONTEMPORARY A-A                           | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    265300 | NS      | $13950146.73  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                           | SEA LTD-ADR                                | CUSIP: N/A<br>LEI: 529900OM6JLLW44YKI15       | Long             | EC               | CORP              | US        |    713955 | NS      | $91079239.35  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One            | LIBERTY MEDIA CO                           | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71784 | NS      | $7071441.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                                      | SARTORIUS AG-PFD                           | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     88856 | NS      | $25587354.35  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                    | ATLAS COPCO-A                              | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |   3339918 | NS      | $59459109.22  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Flipkart Online Services Pvt Ltd                  | Flipkart G Series Private - Dummy for ABOR | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     31650 | NS      | $31650.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rio Tinto PLC                                     | RIO TINTO PLC                              | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    225857 | NS      | $18193011.25  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                              | TENCENT                                    | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |    897400 | NS      | $68869645.44  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                  | MERCADOLIBRE INC                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     59838 | NS      | $120529289.88 | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                        | BYD COMPANY                                | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | HK        |   5070400 | NS      | $61964122.71  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                      | UNILEVER PLC                               | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    242325 | NS      | $15832839.42  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                                       | SHOPIFY INC - A                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |    290601 | NS      | $46778042.97  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp                                       | ITOCHU CORP                                | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |   1256000 | NS      | $15871833.41  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                                       | TERUMO CORP                                | CUSIP: J83173104<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |    399000 | NS      | $5799534.21   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                                       | SHIMANO INC                                | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |     53700 | NS      | $5615462.52   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                  | NOVO NORDISK-B                             | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    357910 | NS      | $18152643.44  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                             | SPOTIFY TECHNOLO                           | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |    179345 | NS      | $104147434.95 | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambu A/S                                          | AMBU A/S-B                                 | CUSIP: N/A<br>LEI: 5299008W2A69WX355710       | Long             | EC               | CORP              | DK        |   1134662 | NS      | $15635202.29  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                                       | COUPANG INC                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |   2221377 | NS      | $52402283.43  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                     | BEIERSDORF AG                              | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |    149826 | NS      | $16453467.58  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                 | TENCENT MUSI-ADR                           | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | US        |    761951 | NS      | $13357001.03  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                               | ERSTE GROUP BANK                           | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |    223398 | NS      | $26787515.74  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd                 | HON HAI                                    | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   1189000 | NS      | $8715749.13   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                          | INFINEON TECH                              | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |    355143 | NS      | $15495222.58  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                                 | GALDERMA GROUP A                           | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |    203331 | NS      | $41404835.48  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA CORP                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    277539 | NS      | $51761023.50  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                   | ASML HOLDING NV                            | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    112110 | NS      | $120800784.87 | 3.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                           | MEITUAN-W                                  | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | HK        |   2538192 | NS      | $33636602.60  | 1.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Whitbread PLC                                     | WHITBREAD PLC                              | CUSIP: G9606P197<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |    182534 | NS      | $6256387.20   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Celltrion Inc                                     | CELLTRION INC                              | CUSIP: N/A<br>LEI: 988400JFZG785WJX3D68       | Long             | EC               | CORP              | KR        |         3 | NS      | $376.45       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Moderna Inc                                       | MODERNA INC                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    373768 | NS      | $11022418.32  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                            | SAP SE                                     | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    125944 | NS      | $30600428.45  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                        | SIEMENS AG-REG                             | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     61794 | NS      | $17307038.94  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd                                    | MAKEMYTRIP LTD                             | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | US        |    218779 | NS      | $17966131.48  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                            | BRUNELLO CUCINEL                           | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |     88557 | NS      | $10157277.64  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EmgMkt       Mar26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       376 | NC      | $536418.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                  | ROCHE HLDG-GENUS                           | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     94036 | NS      | $38834061.28  | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                         | SHELL PLC                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | NL        |    728549 | NS      | $26988407.31  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                       | BMW AG                                     | CUSIP: D12096109<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |    203195 | NS      | $22033520.81  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                      | SK HYNIX INC                               | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     63570 | NS      | $28789442.86  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** VANGUARD VARIABLE INSURANCE FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer