# EDGAR Filing Document

**Accession Number:** 0000932471
**File Stem:** 0000932471-26-000088
**Filing Date:** 2026-5
**Character Count:** 63655
**Document Hash:** 40de340303b9da255eff6343c35b04a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932471-26-000088.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000932471-26-000088

**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:** 261037023

**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 Global Equity Fund (Series ID: S000002595)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000007115 | Investor Shares | VHGEX           |

## 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 GLOBAL EQUITY FUND

- **b. EDGAR series identifier (if any):** S000002595

- **c. LEI of Series:** WT0SRFK64YFSQ38XG643

**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:** $7016872142.56

**Total Liabilities:** $14745239.69

**Net Assets:** $7002126902.87

**Cash Not Reported:** $1801016.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007115 | 1.59%                | -0.80%               | -6.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $119445838.23            | $-4787293.35                               |
| Month 2  | $46050974.62             | $-114756059.78                             |
| Month 3  | $121081120.30            | $-597455725.42                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adyen NV                                          | ADYEN NV                       | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |     35992 | NS      | $36022607.86  | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                      | THERMO FISHER                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     64991 | NS      | $31945026.23  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                          | GAMES WORKSHOP                 | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |    126765 | NS      | $29966838.78  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd                          | ANTA SPORTS                    | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | HK        |   2358743 | NS      | $23058294.20  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | GBP/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $559.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dow Inc                                           | DOW INC                        | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    876517 | NS      | $36506933.05  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                     | TIDEWATER INC                  | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     72873 | NS      | $6088539.15   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                             | UBER TECHNOLOGIE               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    368307 | NS      | $26492322.51  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kokusai Electric Corp                             | KOKUSAI ELECTRIC               | CUSIP: N/A<br>LEI: 549300CDY6N3WKYK2I96       | Long             | EC               | CORP              | JP        |    548100 | NS      | $18533826.50  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                        | DISCO CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     68300 | NS      | $27837929.60  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ABIOMED Inc                                       | ABIOMED INC-CVR                | CUSIP: N/A<br>LEI: 5493001EZN4ZTB4Z5887       | Long             | EC               | CORP              | US        |     82912 | NS      | $84570.24     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ryanair Holdings PLC                              | RYANAIR HLDG-ADR               | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | US        |    890224 | NS      | $51454947.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd                          | UNITED OVERSEAS                | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |    985800 | NS      | $28219253.79  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Markel Group Inc                                  | MARKEL GROUP INC               | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |     16493 | NS      | $31568756.51  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amundi SA                                         | AMUNDI SA                      | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |    135117 | NS      | $11611654.95  | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VK IPJSC                                          | VK IPJSC                       | CUSIP: N/A<br>LEI: 2138009IXUP41SPL5B50       | Long             | EC               | CORP              | GB        |    128137 | NS      | $1.28         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Edenred SE                                        | EDENRED                        | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |    860941 | NS      | $17149006.44  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                                          | REXEL SA                       | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |    899584 | NS      | $35646919.06  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc                                         | APPLE INC                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    230295 | NS      | $58446568.05  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                  | SEB AB-A                       | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |   1424643 | NS      | $26325832.72  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                            | KWEICHOW MOUTA-A               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     92500 | NS      | $19479053.62  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                           | BASF SE                        | CUSIP: D06216317<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |    975913 | NS      | $60106840.65  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                        | SAMSUNG ELECTRON               | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    634431 | NS      | $74203870.24  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                    | AMAZON.COM INC                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1024501 | NS      | $213372823.27 | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    659270 | NS      | $244041975.90 | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                     | WELLTOWER INC                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    214682 | NS      | $42444778.22  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                      | ALPHABET INC-C                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    369556 | NS      | $106010834.16 | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                              | MEDPACE HOLDINGS               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     50781 | NS      | $24384528.39  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                         | FLUTTER ENTER-DI               | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | GB        |     56275 | NS      | $5816947.83   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cloudflare Inc                                    | CLOUDFLARE INC-A               | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     83687 | NS      | $17267975.58  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | CAD/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-45.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                           | BRISTOL-MYER SQB               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    983401 | NS      | $59643270.65  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                          | EQT CORP                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    451809 | NS      | $28753124.76  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK Corp                                          | TDK CORP                       | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |   1473100 | NS      | $19135962.48  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | HKD/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4.72        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                        | CAPITAL ONE FINA               | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    178611 | NS      | $32584004.73  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                      | AUTOZONE INC                   | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      7763 | NS      | $26221706.14  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TSMC                           | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   2988000 | NS      | $172809560.30 | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| PVH Corp                                          | PVH CORP                       | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |    230975 | NS      | $16112816.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | SEK/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7564.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                             | ON SEMICONDUCTOR               | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    441522 | NS      | $27339042.24  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                | META PLATFORMS-A               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    148573 | NS      | $85003070.49  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                          | AMBEV SA                       | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |  19058710 | NS      | $56110761.41  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                    | CBRE GROUP INC-A               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    246310 | NS      | $33365152.60  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                   | TYSON FOODS-A                  | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    886741 | NS      | $56813495.87  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd                             | DAIKIN INDS                    | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |    443300 | NS      | $53172441.57  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                       | B3 SA                          | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |  13401400 | NS      | $47604807.09  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | CHF/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $328.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury PLC                                   | SAINSBURY PLC                  | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |   7460477 | NS      | $33588276.80  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc                           | COMFORT SYSTEMS                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     21846 | NS      | $30125415.54  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                            | SKYWORKS SOLUTIO               | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    707728 | NS      | $37898834.40  | 0.54%             |  |  |  | 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        |       304 | NS      | $30365.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                    | NU HOLDINGS LT-A               | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | US        |   1895959 | NS      | $27244930.83  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                         | SANOFI                         | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    471255 | NS      | $45508986.69  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EmgMkt       Jun26        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       331 | NC      | $-192709.93   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                    | EATON CORP PLC                 | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     59798 | NS      | $21387950.66  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                         | BANK OF IRELAND                | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |   1464625 | NS      | $26573029.18  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AeroVironment Inc                                 | AEROVIRONMENT IN               | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     93878 | NS      | $17184367.90  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                  | ARCELORMITTAL                  | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | NL        |    354366 | NS      | $18377953.22  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Baxter International Inc                          | BAXTER INTL INC                | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |   2882055 | NS      | $48418524.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                                 | GRAB HOLDINGS LTD - CL A       | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | US        |   6251175 | NS      | $22879300.50  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc         | HA SUSTAINABLE I               | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |   1128627 | NS      | $41477042.25  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                                  | STELLA-JONES INC               | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |    351429 | NS      | $23580176.02  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad NV                                       | RANDSTAD NV                    | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |    933998 | NS      | $24377198.39  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                     | CREDICORP LTD                  | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | US        |     86790 | NS      | $29437432.20  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                           | CRH PLC                        | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | GB        |    426236 | NS      | $44593045.41  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                       | RECKITT BENCKISE               | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |    497602 | NS      | $33458927.35  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Nextpower Inc                                     | NEXTPOWER INC-A                | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166351 | NS      | $20053613.05  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                     | APPLOVIN CO-CL A               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     93951 | NS      | $37392498.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                 | CLEAN HARBORS                  | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     64736 | NS      | $18561753.28  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                               | DOLLAR GENERAL C               | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    577536 | NS      | $68570849.28  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                       | SAMSARA INC-CL A               | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |   1703570 | NS      | $53986133.30  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                                | CHAMPION HOMES I               | CUSIP: 830830105<br>LEI: 2549008RYT2Y0VBZTC29 | Long             | EC               | CORP              | US        |    216075 | NS      | $16069497.75  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                   | BROOKFIELD CORP                | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | US        |    604803 | NS      | $24476377.41  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                       | METLIFE INC                    | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    498866 | NS      | $35279803.52  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                   | SHAKE SHACK IN-A               | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |    132041 | NS      | $11681667.27  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                                         | NEXANS SA                      | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               | CORP              | FR        |    118035 | NS      | $16057338.20  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                                         | TESLA INC                      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     31492 | NS      | $11707151.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                       | DATADOG INC-A                  | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    148708 | NS      | $17554979.40  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group SE                                    | AUTO1 GROUP SE                 | CUSIP: N/A<br>LEI: 391200S2LPXG5ZD5G304       | Long             | EC               | CORP              | DE        |    538121 | NS      | $9580733.75   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ensign Group Inc/The                              | ENSIGN GROUP INC               | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |    255790 | NS      | $51541685.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                | PPG INDS INC                   | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    159834 | NS      | $17083057.92  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                       | HUBSPOT INC                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     51552 | NS      | $12583843.20  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                          | HERMES INTL                    | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |     10171 | NS      | $19267442.77  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health Inc                               | ELEVANCE HEALTH                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    120249 | NS      | $35202894.75  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                     | SERVICE CORP INT               | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    842174 | NS      | $69487776.74  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd                             | JULIUS BAER GROU               | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |    381938 | NS      | $28093066.51  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd              | CHINA OVERSEAS                 | CUSIP: Y15004107<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |  20642500 | NS      | $30784058.74  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| WillScot Holdings Corp                            | WILLSCOT HOLDING               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    443541 | NS      | $7699871.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                         | BABA-W                         | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |   1886779 | NS      | $29574288.70  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                            | PETROBRAS SA-ADR               | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | US        |   2448789 | NS      | $50812371.75  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                      | DOORDASH INC-A                 | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    409635 | NS      | $61506695.25  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane SpA                                | POSTE ITALIANE                 | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |   1079262 | NS      | $25404483.27  | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| QXO Inc                                           | QXO INC                        | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1265679 | NS      | $24579486.18  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                         | LEAR CORP                      | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    330318 | NS      | $39994903.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                     | COHERENT CORP                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    200007 | NS      | $47643667.47  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                      | KEYENCE CORP                   | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |    101100 | NS      | $35982210.18  | 0.51%             |  |  |  | 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        | 254639547 | NS      | $254614083.17 | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                    | ELI LILLY & CO                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     44110 | NS      | $40571054.70  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd            | CONTEMPORARY A-A               | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    911600 | NS      | $53935777.57  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                      | UBS GROUP AG                   | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    956756 | NS      | $37307163.86  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                              | FREEPORT-MCMORAN               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    416567 | NS      | $24485808.26  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                         | ARGENX SE - ADR                | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | US        |     28476 | NS      | $20794599.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                       | CIE FINANCI-REG                | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    167096 | NS      | $29503472.00  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                               | COINBASE GLOBA-A               | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     94421 | NS      | $16486850.81  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Autotrader Group PLC                              | AUTOTRADER GROUP               | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |   3445445 | NS      | $21565330.36  | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enphase Energy Inc                                | ENPHASE ENERGY                 | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |    266099 | NS      | $10061203.19  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                        | AIRBNB INC-A                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |    258643 | NS      | $32661438.04  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | S&P500 EMINI FUT  Jun26        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       266 | NC      | $-1724037.19  | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                       | WIX.COM LTD                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | US        |    204418 | NS      | $18411929.26  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | MSCI EAFE         Jun26        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       215 | NC      | $-293377.11   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                     | CITIGROUP INC                  | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    365131 | NS      | $41409506.71  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                      | CHUGAI PHARMA CO               | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |    584000 | NS      | $32206685.92  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                          | DAIMLER TRUCK HO               | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |   1311896 | NS      | $64605373.63  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                             | TEXAS INSTRUMENT               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    159517 | NS      | $30968630.38  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                         | EPIROC AB-B                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |   1148779 | NS      | $24608635.37  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Medline Inc                                       | MEDLINE INC-A                  | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |    514072 | NS      | $22876204.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                    | DUTCH BROS INC-A               | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286879 | NS      | $14533290.14  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TAIWAN SEMIC-ADR               | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | US        |    341170 | NS      | $115298401.50 | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                         | FRESENIUS MEDICA               | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |   1072503 | NS      | $48603191.19  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                   | PHILIP MORRIS IN               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    194705 | NS      | $32192524.70  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                      | BARCLAYS PLC                   | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |   2255802 | NS      | $11805704.68  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CoStar Group Inc                                  | COSTAR GROUP INC               | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    498070 | NS      | $20092143.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd                                | MIDEA GROUP CO-A               | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |   2435200 | NS      | $27125388.30  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                    | GALAXY ENTERTAIN               | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |   5385825 | NS      | $24343328.68  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Growth ETF                               | VANGUARD GRW ETF               | CUSIP: 922908736<br>LEI: 8DLNZLT9FCSJNCMHQC12 | Long             | EC               | RF                | US        |     58155 | NS      | $25401522.45  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                        | VERTEX PHARM                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     65525 | NS      | $29259533.50  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                           | SEA LTD-ADR                    | CUSIP: N/A<br>LEI: 529900OM6JLLW44YKI15       | Long             | EC               | CORP              | US        |    252791 | NS      | $20933622.71  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                          | ENEL SPA                       | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   3170221 | NS      | $34659483.83  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Natera Inc                                        | NATERA INC                     | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |    105578 | NS      | $21114544.22  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                          | COREBRIDGE FINAN               | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |   1066137 | NS      | $25438028.82  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT              | BANK RAKYAT INDO               | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  52445000 | NS      | $10479610.57  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Paycom Software Inc                               | PAYCOM SOFTWARE                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |    150190 | NS      | $18254092.60  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                 | BLOOM ENERGY C-A               | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     76966 | NS      | $10428123.34  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                                | ROYALTY PHARMA-A               | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | US        |   1470561 | NS      | $70542811.17  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | MARTIN MAR MTLS                | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    117156 | NS      | $68967394.08  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2637.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                              | TENCENT                        | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |   1898574 | NS      | $119747500.87 | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                  | MERCADOLIBRE INC               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     36540 | NS      | $63178390.80  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                     | ADVANCED DRAINAG               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    187754 | NS      | $25746706.02  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                 | HSBC HOLDINGS PL               | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   2446038 | NS      | $40170269.22  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Saipem SpA                                        | SAIPEM SPA                     | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |     15300 | NS      | $70002.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA      | MICHELIN                       | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |   1017313 | NS      | $34852010.28  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                                       | SHOPIFY INC - A                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |    539622 | NS      | $64009961.64  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                       | NETFLIX INC                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    804096 | NS      | $77313830.40  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                  | NOVO NORDISK-B                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    476939 | NS      | $17453327.17  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                             | SPOTIFY TECHNOLO               | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |     33983 | NS      | $16478696.53  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                       | ALNYLAM PHARMACE               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     64391 | NS      | $21305050.17  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                       | COUPANG INC                    | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |   1666592 | NS      | $31465256.96  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                 | EOG RESOURCES                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    322746 | NS      | $46659389.22  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                               | GLOBAL PAYMENTS                | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    569010 | NS      | $38294373.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd                    | SHINHAN FINANCIA               | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    619705 | NS      | $36935259.93  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| MSCI Inc                                          | MSCI INC                       | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     78577 | NS      | $42353788.77  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                   | CVS HEALTH CORP                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    653465 | NS      | $46931856.30  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                               | AXON ENTERPRISE                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     59356 | NS      | $25207899.64  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                                     | SEVERSTAL-GDR                  | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | US        |    520152 | NS      | $5.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Universal Health Services Inc                     | UNIVERSAL HLTH-B               | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |    125219 | NS      | $22410444.43  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA CORP                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   2234976 | NS      | $389779814.40 | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                        | AMDOCS LTD                     | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |    651677 | NS      | $42528441.02  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                   | ASML HOLDING NV                | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     82690 | NS      | $109957523.36 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                                    | MASTERCARD INC-A               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    258017 | NS      | $128920774.22 | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                  | WELLS FARGO & CO               | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    362613 | NS      | $28867620.93  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                         | NOKIA CORP-ADR                 | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | US        |   3400313 | NS      | $27338516.52  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                 | BRUNSWICK CORP                 | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    286305 | NS      | $20831551.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Paint Holdings Co Ltd                      | NIPPON PAINT HOL               | CUSIP: N/A<br>LEI: 529900RYRJUN78A7PL87       | Long             | EC               | CORP              | JP        |   2442600 | NS      | $15316429.29  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                 | NEWELL BRANDS IN               | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |   1481420 | NS      | $5081270.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmos Pharmaceutical Corp                        | COSMOS PHARM                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    486700 | NS      | $20939912.78  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NOV Inc                                           | NOV INC                        | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |   1768596 | NS      | $33267290.76  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                    | RHEINMETALL AG                 | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      2516 | NS      | $4243953.71   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Magna International Inc                           | MAGNA INTL                     | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | US        |   1065196 | NS      | $59448588.76  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                        | HUMANA INC                     | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    292466 | NS      | $50710679.74  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                           | SBERBANK                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   3912108 | NS      | $0.48         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                               | AUD/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-45.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Unity Software Inc                                | UNITY SOFTWARE I               | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    878632 | NS      | $19277186.08  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                      | BROADCOM INC                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    241459 | NS      | $74733975.09  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                      | MOODY'S CORP                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     77765 | NS      | $33924981.25  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                    | SS&C TECHNOLOGIE               | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    437494 | NS      | $29561469.58  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp               | COGNIZANT TECH-A               | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    872320 | NS      | $53516832.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | JPY/USD FWD 20260617           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-27.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                         | SHELL PLC                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | NL        |   1063696 | NS      | $49739578.65  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                      | ALPHABET INC-A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    318499 | NS      | $91587572.44  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION Medicines Inc                          | REVOLUTION MEDIC               | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |    161736 | NS      | $15728826.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                      | ING GROEP NV                   | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   1581630 | NS      | $41053850.82  | 0.59%             |  |  |  | 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