# EDGAR Filing Document

**Accession Number:** 0000932471
**File Stem:** 0000932471-26-000089
**Filing Date:** 2026-5
**Character Count:** 36723
**Document Hash:** c01d8847a3738b95958738815540015d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932471-26-000089.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000932471-26-000089

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07239
- **FILM NUMBER:** 261037042

**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

## Series and Classes Contracts Data

### Vanguard International Core Stock Fund (Series ID: S000066700)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000214946 | Admiral Shares  | VZICX           |
| C000214947 | Investor Shares | VWICX           |

## 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 HORIZON FUNDS

- **b. Investment Company Act file number:** 811-07239

- **c. CIK number of Registrant:** 0000932471

- **d. LEI of Registrant:** 549300NB21G5LRYCVD47

- **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 INTERNATIONAL CORE STOCK FUND

- **b. EDGAR series identifier (if any):** S000066700

- **c. LEI of Series:** 549300TJ5BTA81NCGQ40

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $7930639087.88

**Total Liabilities:** $8718852.89

**Net Assets:** $7921920234.99

**Cash Not Reported:** $104895909.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214946 | 6.17%                | 4.95%                | -7.77%               |
| Class ID C000214947 | 6.15%                | 4.96%                | -7.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $44223134.56             | $385172311.34                              |
| Month 2  | $62663588.03             | $316597215.74                              |
| Month 3  | $-6289673.93             | $-670728390.28                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Shopify Inc                                            | SHOPIFY INC - A                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    765504 | NS      | $90830343.07  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc                                    | RESONA HOLDINGS                 | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |   7750500 | NS      | $88415744.94  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                               | VOLVO AB-B                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |   3064534 | NS      | $100759787.59 | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                             | SAMSUNG ELECTRON                | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   1431072 | NS      | $167380172.45 | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                     | HKEX                            | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |   1253519 | NS      | $63237524.35  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                              | ORANGE                          | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |   3499541 | NS      | $71751294.18  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                                 | AP MOLLER-B                     | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |     21252 | NS      | $53084984.18  | 0.67%             |  |  |  | No            |                  2 | On Loan: —       |
| Cie de Saint-Gobain SA                                 | SAINT GOBAIN                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |    980052 | NS      | $81142853.89  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | TSMC                            | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   6799309 | NS      | $393234805.44 | 4.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                               | AMBEV SA                        | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |  27103106 | NS      | $79794273.29  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Life Financial Inc                                 | SUN LIFE FINANCI                | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |    709603 | NS      | $44455396.05  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                           | MEDIATEK                        | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   1450988 | NS      | $69596891.86  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                               | ENGIE                           | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |   2769073 | NS      | $89240179.04  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                              | ARGENX SE                       | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | BE        |    100302 | NS      | $72793082.02  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | LLOYDS BANKING                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  68182834 | NS      | $84508210.03  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                            | BRENNTAG SE                     | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |    895297 | NS      | $60645860.35  | 0.77%             |  |  |  | No            |                  2 | On Loan: —       |
| AIA Group Ltd                                          | AIA                             | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   9249210 | NS      | $102771004.35 | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard FTSE Developed Markets ETF                    | VANGUARD FTSE ET                | CUSIP: 921943858<br>LEI: 3TVJ6OS71EDS4RAB2217 | Long             | EC               | RF                | US        |   2084557 | NS      | $133578412.56 | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI BANK LTD                  | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   5880000 | NS      | $75483052.02  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp                                     | TOYOTA TSUSHO                   | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |   1728000 | NS      | $66971707.62  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                                | KT CORP-ADR                     | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | US        |   1929073 | NS      | $41378615.85  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                                      | GRAB HOLDINGS LTD - CL A        | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | US        |  19308572 | NS      | $70669373.52  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                            | RECKITT BENCKISE                | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |   1187357 | NS      | $79838292.23  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co Ltd                          | CTBC FINANCIAL                  | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |  34454000 | NS      | $55991833.87  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co Ltd                                  | JAPAN AIRLINES C                | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |   3930000 | NS      | $64162792.56  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                            | NUTRIEN LTD                     | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |   1454784 | NS      | $109817315.68 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                 | UCB SA                          | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |    153206 | NS      | $46160468.17  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group PLC                                           | BT GROUP PLC                    | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |  18457658 | NS      | $51728830.82  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                              | QIAGEN NV                       | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | DE        |   1107227 | NS      | $44853475.29  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                            | FINECOBANK SPA                  | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |   3733987 | NS      | $83076461.11  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                 | DBS GROUP HLDGS                 | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |   1450837 | NS      | $64562432.56  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | MAHINDRA & MAHIN                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |   1872618 | NS      | $58737599.46  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                     | MIDEA GROUP CO-A                | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |   6407497 | NS      | $71372322.56  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                              | BABA-W                          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |   7939562 | NS      | $124448579.82 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                        | BAE SYSTEMS PLC                 | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   2752634 | NS      | $80703117.50  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                            | MAGNIT                          | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |     31141 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Shell PLC                                              | SHELL PLC                       | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   3569817 | NS      | $165336225.59 | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                                               | NEXT PLC                        | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |    426656 | NS      | $72083048.21  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                                    | LARSEN & TOUBRO                 | CUSIP: Y5217N159<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |   1191556 | NS      | $44299370.66  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                                   | WEICHAI POWER-H                 | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | HK        |  10708000 | NS      | $37972969.68  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                       | TOTALENERGIES SE                | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |   1179674 | NS      | $108263561.76 | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                                   | RYANAIR HLDGS                   | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |   1788181 | NS      | $50340603.10  | 0.64%             |  |  |  | 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        |    135649 | NS      | $13563558.31  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                            | SHK PPT                         | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |   2938500 | NS      | $48928484.57  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                           | UBS GROUP AG                    | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |   2786237 | NS      | $108644840.98 | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                | BANK OF NOVA SCO                | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |   1343970 | NS      | $93201628.85  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                            | CIE FINANCI-REG                 | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    418107 | NS      | $73823538.16  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                               | ITAU UNIBAN-PREF                | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EP               | CORP              | BR        |   9570213 | NS      | $80332994.44  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                  | MITSUI FUDOSAN                  | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |   7022173 | NS      | $74859442.80  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd                                | QBE INSURANCE                   | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |   5553019 | NS      | $81944571.29  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                            | WIX.COM LTD                     | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | US        |    453004 | NS      | $40802070.28  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                                | SAUDI NATIONAL B                | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |   6109188 | NS      | $68965612.79  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                                | GSK PLC                         | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   5214036 | NS      | $143623115.51 | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                | AMERICA MOVIL-B                 | CUSIP: P0280A192<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |  67522464 | NS      | $85820550.68  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                              | SHIN-ETSU CHEM                  | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |   3089200 | NS      | $125788556.32 | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                          | OTP BANK PLC                    | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |    526340 | NS      | $56438324.06  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                        | APOLLO HOSPITALS                | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |    883605 | NS      | $69806529.92  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                           | KBC GROUP                       | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |    855640 | NS      | $104723489.17 | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd                       | SINGAPORE TELECO (LOT SIZE 100) | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               | CORP              | SG        |   9767400 | NS      | $37608627.22  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Accor SA                                               | ACCOR SA                        | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |   1730595 | NS      | $83004844.66  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd                          | NOMURA RESEARCH                 | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |   1888000 | NS      | $51670111.34  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                         | PRUDENTIAL PLC                  | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |   4918122 | NS      | $68377219.15  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp                                    | BARRICK MINING C                | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   1542132 | NS      | $63022215.66  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc                             | MIZUHO FINANCIAL                | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |   1998000 | NS      | $80886560.97  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                        | ASTRAZENECA PLC                 | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |    638707 | NS      | $124892764.83 | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                              | TESCO PLC                       | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |  15422540 | NS      | $96931146.16  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                 | CONTEMPORARY A-A                | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |   1125240 | NS      | $66576020.54  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp                | PAN PACIFIC INTE                | CUSIP: J6352W100<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |  14134000 | NS      | $86220984.25  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                               | ROLLS-ROYCE HOLD                | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |   7179970 | NS      | $109081153.45 | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                              | TALANX AG                       | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |    580980 | NS      | $72092125.97  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | TENCENT                         | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |   2549535 | NS      | $160805243.19 | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                       | MERCADOLIBRE INC                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     18069 | NS      | $31241662.38  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Group Holdings Ltd                                 | ANZ GROUP HOLDIN                | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |   2815769 | NS      | $70803212.26  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp                                     | LUNDIN MINING CO                | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |   2962227 | NS      | $73869351.33  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                                  | EMAAR PROP PJSC                 | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |  14619606 | NS      | $47841750.30  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                                      | GALDERMA GROUP A                | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |    462270 | NS      | $90851685.46  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                           | GLENCORE PLC                    | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | GB        |  14126778 | NS      | $106994437.50 | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                                            | KUBOTA CORP                     | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |   2832700 | NS      | $45394551.72  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd                               | ASAHI GROUP HOLD                | CUSIP: J02100113<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |   7093200 | NS      | $70822978.40  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                        | ASML HOLDING NV                 | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    141345 | NS      | $187954453.58 | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Electric Power Co Inc/The                       | KANSAI ELEC PWR                 | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |   4633400 | NS      | $77035260.74  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp                                             | FANUC CORP                      | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |   1288300 | NS      | $44906199.10  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                 | KB FINANCIAL GRO                | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    821719 | NS      | $80668533.95  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                               | MITSUB ELEC CORP                | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |   2331900 | NS      | $76269669.64  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | SABESP                          | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |   1747528 | NS      | $53385490.07  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                     | ANGLO AMER PLC                  | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |   1150984 | NS      | $49418182.35  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                | E.ON SE                         | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |   3909531 | NS      | $85624472.00  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                            | EQUINOR ASA                     | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |   2964838 | NS      | $126315106.41 | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                      | FUYAO GLASS IN-H                | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | HK        |   8415600 | NS      | $63305996.58  | 0.80%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                    | SOC GENERALE SA                 | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |    807149 | NS      | $58935523.36  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                                             | ASICS CORP                      | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |   1842600 | NS      | $49538514.16  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| iA Financial Corp Inc                                  | IA FINANCIAL COR                | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |    436680 | NS      | $48461403.49  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund      | Vanguard Market Liquidity Fund  | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    177922 | NS      | $17790458.78  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                                          | AIB GROUP PLC                   | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |   5258983 | NS      | $56140242.26  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                                | BANK LEUMI LE-IS                | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |   2838816 | NS      | $63484012.31  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd                                 | OTSUKA HOLDINGS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1095740 | NS      | $77765625.66  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                          | NAURA TECH GR -A                | CUSIP: N/A<br>LEI: 300300JI5I0B95GO5C39       | Long             | EC               | CORP              | CN        |    955316 | NS      | $62824702.78  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                           | SK HYNIX INC                    | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    187822 | NS      | $106563652.78 | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** VANGUARD HORIZON FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer