# EDGAR Filing Document

**Accession Number:** 0000734383
**File Stem:** 0000734383-26-000082
**Filing Date:** 2026-3
**Character Count:** 37322
**Document Hash:** 4837ceecf948d6d76a8bf4f6f8c4e663
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000734383-26-000082.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000734383-26-000082

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD SPECIALIZED FUNDS
- **CENTRAL INDEX KEY:** 0000734383

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03916
- **FILM NUMBER:** 26819625

**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 SPECIALIZED FUNDS/
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD SPECIALIZED PORTFOLIOS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard Health Care Fund (Series ID: S000002922)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000008007 | Investor Shares | VGHCX           |
| C000008008 | Admiral Shares  | VGHAX           |

## 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 SPECIALIZED FUNDS

- **b. Investment Company Act file number:** 811-03916

- **c. CIK number of Registrant:** 0000734383

- **d. LEI of Registrant:** 549300OM0CLBHZ9MZW59

- **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:** VANGUARD HEALTH CARE FUND

- **b. EDGAR series identifier (if any):** S000002922

- **c. LEI of Series:** V3VSQJG5SDM3YTFC5I04

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $39312036178.75

**Total Liabilities:** $40380125.32

**Net Assets:** $39271656053.43

**Cash Not Reported:** $3027688.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008007 | 9.25%                | -0.92%               | 0.05%                |
| Class ID C000008008 | 9.24%                | -0.90%               | 0.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $316449493.72            | $3115050365.80                             |
| Month 2  | $423016567.59            | $-834109844.58                             |
| Month 3  | $753173578.25            | $-754813397.96                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CG oncology Inc                                   | CG ONCOLOGY INC                | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3484986 | NS      | $181393521.30  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                      | THERMO FISHER                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    702318 | NS      | $406368217.98  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                       | AVANTOR INC                    | CUSIP: 05352A100<br>LEI: 5493003VM0XB4U8YD238 | Long             | EC               | CORP              | US        |  20480758 | NS      | $223649877.36  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GenFleet Therapeutics Shanghai Inc                | GENFLEET THERA-H               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1979400 | NS      | $7793318.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                               | SCOTIA TRIPARTY TREASURY       | CUSIP: N/A<br>LEI: L3I9ZG2KFGXZ61BMYR72       | Long             | RA               | CORP              | US        |  94000000 | PA      | $94000000.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Option Care Health Inc                            | OPTION CARE HEAL               | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |   4987675 | NS      | $169580950.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                     | MEDTRONIC PLC                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |   8579526 | NS      | $883347996.96  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                       | NOVARTIS AG-REG                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   3795144 | NS      | $563084653.70  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Securities, LLC                   | BK AMER MTG FICC               | CUSIP: N/A<br>LEI: 8NAV47T0Y26Q87Y0QP81       | Long             | RA               | CORP              | US        | 115000000 | PA      | $115000000.00  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Securities International, Inc.             | NOMURA TREAS TRIPARTY          | CUSIP: N/A<br>LEI: OXTKY6Q8X53C9ILVV871       | Long             | RA               | CORP              | US        |  10800000 | PA      | $10800000.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Celldex Therapeutics Inc                          | CELLDEX THERAPEU               | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |   4764728 | NS      | $117212308.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Duality Biotherapeutics Inc                       | DUALITY BIOTHERA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   2771377 | NS      | $117020705.07  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| United Therapeutics Corp                          | UNITED THERAPEUT               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |    892079 | NS      | $418822169.71  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunome Inc                                      | IMMUNOME INC                   | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1958141 | NS      | $48209431.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                        | ABBVIE INC                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   4034908 | NS      | $899824833.08  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                          | ICON PLC                       | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | US        |   1213897 | NS      | $218804934.25  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                      | STRYKER CORP                   | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    748338 | NS      | $276555791.28  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                           | SOLENO THERAPEUT               | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |   2417215 | NS      | $93207810.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                           | KYMERA THERAPEUT               | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2449438 | NS      | $178049648.22  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc                           | APOGEE THERAPEUT               | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2070953 | NS      | $135668131.03  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                          | ALIGNMENT HEALTH               | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6972595 | NS      | $157092565.35  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA                                     | HSBC TRIPARTY MTGE             | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        |  15500000 | PA      | $15500000.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                           | BRISTOL-MYER SQB               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   5317192 | NS      | $292711419.60  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                      | NUVALENT INC-A                 | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1054377 | NS      | $108484849.53  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dianthus Therapeutics Inc                         | DIANTHUS THERAPE               | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |   1574735 | NS      | $84075101.65   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                     | REGENERON PHARM                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |    318062 | NS      | $235827069.90  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                                     | HEARTFLOW INC                  | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2256545 | NS      | $67402999.15   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Argenx SE                                         | ARGENX SE                      | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | BE        |   1165992 | NS      | $980564944.58  | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co Ltd                                      | EISAI CO LTD                   | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |   8514317 | NS      | $237374340.74  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                                | HCA HEALTHCARE I               | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    933410 | NS      | $455756100.70  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc                               | ASTELLAS PHARMA                | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |   9027178 | NS      | $125567014.70  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                        | GENMAB A/S                     | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |   1345944 | NS      | $438489008.05  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA                                     | HSBC TRIPARTY TREAS            | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        |  34000000 | PA      | $34000000.00   | 0.09%             |  |  |  | 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        |    590392 | NS      | $59039242.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                        | BIOGEN INC                     | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |   2913639 | NS      | $524134519.71  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                    | MERCK & CO                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |  18111825 | NS      | $1997190942.75 | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Securities International, Inc.             | NOM TSY FICC                   | CUSIP: N/A<br>LEI: OXTKY6Q8X53C9ILVV871       | Long             | RA               | CORP              | US        |  80000000 | PA      | $80000000.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Encompass Health Corp                             | ENCOMPASS HEALTH               | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |   1600016 | NS      | $151249512.48  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                      | PROTAGONIST THER               | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1062977 | NS      | $86951518.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktis Oncology Inc                                | AKTIS ONCOLOGY I               | CUSIP: 01021M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1523479 | NS      | $30850449.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Inspire Medical Systems Inc                       | INSPIRE MEDICAL                | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |   1094019 | NS      | $82904759.82   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Securities LLC                          | JPM TRIPARTY TREAS FICC        | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |  70000000 | PA      | $70000000.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                      | PARIB TRIPARTY MORTGAGE        | CUSIP: N/A<br>LEI: 2J5703FH5U5M97R1I237       | Long             | RA               | CORP              | US        | 120300000 | PA      | $120300000.00  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                            | UCB SA                         | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |   3023965 | NS      | $921479093.40  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Natixis SA                                        | NATIXIS TRIPARTY TR            | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Long             | RA               | CORP              | US        |  71100000 | PA      | $71100000.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| M3 Inc                                            | M3 INC                         | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |   4548053 | NS      | $56118574.40   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Securities, LLC                   | BOA-MTG TRIPARTY REPO          | CUSIP: N/A<br>LEI: 8NAV47T0Y26Q87Y0QP81       | Long             | RA               | CORP              | US        |  72900000 | PA      | $72900000.00   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health Inc                               | ELEVANCE HEALTH                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |   1879405 | NS      | $649785484.70  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Securities, LLC                   | BK AMER TSY FICC               | CUSIP: N/A<br>LEI: 8NAV47T0Y26Q87Y0QP81       | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd                                 | SHIONOGI & CO                  | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |  18640349 | NS      | $383789534.21  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Scholar Rock Holding Corp                         | SCHOLAR ROCK HOL               | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |   2750253 | NS      | $121946218.02  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd      | SHANDONG WEIG-H                | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | HK        |  77092000 | NS      | $49359662.60   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                     | CRINETICS PHARMA               | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |   3494255 | NS      | $174503094.70  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                       | INCYTE CORP                    | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |   1590914 | NS      | $159202763.98  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                         | IONIS PHARMACEUT               | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |   3803181 | NS      | $314408973.27  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd                                       | ZAI LAB LTD                    | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | HK        |  36431700 | NS      | $60567770.04   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Newamsterdam Pharma Co NV                         | NEWAMSTERDAM PHA               | CUSIP: N/A<br>LEI: 984500B6549TF6E14D36       | Long             | EC               | CORP              | US        |   3953142 | NS      | $123021779.04  | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Boston Scientific Corp                            | BOSTON SCIENTIFC               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   4128084 | NS      | $386099696.52  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                    | ELI LILLY & CO                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |   3696560 | NS      | $3833887204.00 | 9.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                               | ABBOTT LABS                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   9253894 | NS      | $1011450614.20 | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd            | JIANGSU HENGRU-H               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   9939973 | NS      | $87135634.78   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcus Biosciences Inc                             | ARCUS BIOSCIENCE               | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4124859 | NS      | $86787033.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                      | MADRIGAL PHARMAC               | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |    398129 | NS      | $194808500.99  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                           | GSK PLC                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |  45301487 | NS      | $1171571644.39 | 2.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                      | CHUGAI PHARMA CO               | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |   7912642 | NS      | $451975532.24  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc                            | INTUITIVE SURGIC               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |   1944873 | NS      | $980643864.06  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                        | DEXCOM                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |   4655231 | NS      | $340018072.24  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd                             | DAIICHI SANKYO                 | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |  18367566 | NS      | $336486727.00  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Cytokinetics Inc                                  | CYTOKINETICS INC               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |   4050667 | NS      | $255961647.73  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc                        | STRUCTURE THERAP               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2811254 | NS      | $248655416.30  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Capital Inc.                             | BZW TRIPARTY TREASURY          | CUSIP: N/A<br>LEI: AC28XWWI3WIBK2824319       | Long             | RA               | CORP              | US        |  53500000 | PA      | $53500000.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc                          | AGILENT TECH INC               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |   3480187 | NS      | $465823029.95  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                         | EDWARDS LIFE                   | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |  14972830 | NS      | $1218189448.80 | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Securities Corp.                      | PARIB TRIPARTY TREASURY        | CUSIP: N/A<br>LEI: 2J5703FH5U5M97R1I237       | Long             | RA               | CORP              | US        |  10000000 | PA      | $10000000.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA PLC                | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |  11579638 | NS      | $2157450078.23 | 5.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Immunocore Holdings PLC                           | IMMUNOCORE HOLDI               | CUSIP: N/A<br>LEI: 213800IUE3DFS84BVN18       | Long             | EC               | CORP              | US        |   3657808 | NS      | $119061650.40  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Vertex Pharmaceuticals Inc                        | VERTEX PHARM                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |   1589663 | NS      | $746982643.70  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                      | DANAHER CORP                   | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   4836473 | NS      | $1058655574.97 | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                        | NATERA INC                     | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |    636032 | NS      | $147012436.48  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                              | PTC THERAPEUTICS               | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |   2038232 | NS      | $153947662.96  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                          | ACADIA HEALTHCAR               | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |   8815704 | NS      | $118483061.76  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                       | APELLIS PHARMACE               | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |   7632548 | NS      | $172342933.84  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                  | NOVO NORDISK-B                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   3482834 | NS      | $206807970.88  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                       | ALNYLAM PHARMACE               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |   1309033 | NS      | $442531695.98  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                                 | GALDERMA GROUP A               | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |   2623305 | NS      | $488981282.94  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Vaxcyte Inc                                       | VAXCYTE INC                    | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |   3283168 | NS      | $175879309.76  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                   | CVS HEALTH CORP                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   9756578 | NS      | $727060192.56  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineralys Therapeutics Inc                        | MINERALYS THERAP               | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1215766 | NS      | $37555011.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                         | XENON PHARMACEUT               | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | US        |   3546755 | NS      | $145452422.55  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                               | CARDINAL HEALTH                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |   2840801 | NS      | $610431318.88  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                        | STERIS PLC                     | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1012472 | NS      | $265875147.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                   | BIO-TECHNE CORP                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |   2720122 | NS      | $174332618.98  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole                                   | CREDIT AGRICOLE TRIPARTY TSY   | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | RA               | CORP              | US        |   8100000 | PA      | $8100000.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                               | ASCENDIS PHA-ADR               | CUSIP: N/A<br>LEI: 549300B66JN3W3J8GH73       | Long             | EC               | CORP              | US        |   1103469 | NS      | $249494340.90  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                         | QIAGEN NV                      | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | US        |   5130344 | NS      | $275345562.48  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                            | UNITEDHEALTH GRP               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   4772250 | NS      | $1369301692.50 | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                       | CENCORA INC                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |   2632712 | NS      | $945722804.64  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                 | JOHNSON&JOHNSON                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   5367039 | NS      | $1219659612.75 | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd                            | OTSUKA HOLDINGS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   7893800 | NS      | $472588988.11  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                  | ROCHE HLDG-GENUS               | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |   1206949 | NS      | $548847460.55  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| REVOLUTION Medicines Inc                          | REVOLUTION MEDIC               | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |   2383815 | NS      | $231110864.25  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** VANGUARD SPECIALIZED FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer