# EDGAR Filing Document

**Accession Number:** 0000752177
**File Stem:** 0001752724-23-050240
**Filing Date:** 2023-3
**Character Count:** 80261
**Document Hash:** 29d8f615d25620480d21bc71f358a8b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050240.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050240

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD CHESTER FUNDS
- **CENTRAL INDEX KEY:** 0000752177
- **IRS NUMBER:** 232311358
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04098
- **FILM NUMBER:** 23693808

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **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 PRIMECAP FUND/
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD/PRIMECAP FUND INC
- **DATE OF NAME CHANGE:** 19940608

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIMECAP FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard PRIMECAP Fund (Series ID: S000002568)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000007070 | Investor Shares | VPMCX           |
| C000007071 | Admiral Shares  | VPMAX           |

## Nport-Ex

Vanguard<sup>®</sup> PRIMECAP Fund

#### Schedule of Investments (unaudited)
As of December 31, 2022

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| **Common Stocks (98.1%)** | **Common Stocks (98.1%)** | **Common Stocks (98.1%)** | **Common Stocks (98.1%)** |
| **Communication Services (5.3%)** | **Communication Services (5.3%)** | **Communication Services (5.3%)** | **Communication Services (5.3%)** |
| <sup>\*</sup> | Alphabet Inc. Class A | 12239250 | 1079869 |
| <sup>\*</sup> | Baidu Inc. ADR | 5438348 | 622038 |
| <sup>\*</sup> | Alphabet Inc. Class C | 6986110 | 619878 |
| <sup>\*</sup> | Walt Disney Co. | 4048105 | 351699 |
|  | Activision Blizzard Inc. | 3595100 | 275205 |
| <sup>\*</sup> | Charter Communications Inc. Class A | 197470 | 66962 |
| <sup>\*</sup> | Meta Platforms Inc. Class A | 527550 | 63485 |
| <sup>\*</sup> | T-Mobile US Inc. | 353000 | 49420 |
| <sup>\*</sup> | Live Nation Entertainment Inc. | 526860 | 36743 |
| <sup>\*</sup> | Netflix Inc. | 78800 | 23237 |
| <sup>\*</sup> | Altice USA Inc. Class A | 1180000 | 5428 |
|  | Comcast Corp. Class A | 87369 | 3055 |
| <sup>\*</sup> | Roblox Corp. Class A | 26500 | 754 |
|  | Nintendo Co. Ltd. | 17500 | 736 |
|  | Electronic Arts Inc. | 5700 | 697 |
| <sup>\*</sup> | Liberty Media Corp.- Liberty Formula One Class A | 10900 | 582 |
|  |  |  | **3199788** |
| **Consumer Discretionary (10.7%)** | **Consumer Discretionary (10.7%)** | **Consumer Discretionary (10.7%)** | **Consumer Discretionary (10.7%)** |
|  | Sony Group Corp. ADR | 13792745 | 1052111 |
|  | Ross Stores Inc. | 7819900 | 907656 |
| <sup>\*</sup> | Alibaba Group Holding Ltd. ADR | 9932577 | 874961 |
| <sup>\*</sup> | Tesla Inc. | 6324700 | 779076 |
|  | TJX Cos. Inc. | 8515300 | 677818 |
| <sup>\*,1</sup> | Mattel Inc. | 27317838 | 487350 |
| <sup>1</sup> | Whirlpool Corp. | 2991832 | 423225 |
| <sup>\*</sup> | Amazon.com Inc. | 3059600 | 257006 |
|  | Bath & Body Works Inc. | 3533314 | 148894 |
| <sup>\*</sup> | Royal Caribbean Cruises Ltd. | 2599047 | 128471 |
| <sup>\*</sup> | Dollar Tree Inc. | 637000 | 90097 |
|  | Marriott International Inc. Class A | 451410 | 67210 |
| <sup>\*</sup> | Flutter Entertainment plc (XDUB) | 472229 | 63932 |
|  | Hilton Worldwide Holdings Inc. | 423766 | 53547 |
|  | eBay Inc. | 1273350 | 52806 |
|  | Restaurant Brands International Inc. | 808900 | 52312 |
|  | McDonald's Corp. | 191800 | 50545 |
| <sup>\*</sup> | Burlington Stores Inc. | 248000 | 50284 |
| <sup>\*</sup> | Victoria's Secret & Co. | 1179071 | 42187 |
| <sup>\*</sup> | Las Vegas Sands Corp. | 712300 | 34240 |
|  | Lowe's Cos. Inc. | 125000 | 24905 |
|  | MGM Resorts International | 552000 | 18509 |
| <sup>\*,2</sup> | Carnival Corp. | 2054065 | 16556 |
| <sup>\*</sup> | Ulta Beauty Inc. | 21000 | 9850 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| <sup>\*</sup> | O'Reilly Automotive Inc. | 11000 | 9284 |
| <sup>\*</sup> | AutoZone Inc. | 2750 | 6782 |
|  | Dollar General Corp. | 5400 | 1330 |
|  |  |  | **6380944** |
| **Consumer Staples (0.3%)** | **Consumer Staples (0.3%)** | **Consumer Staples (0.3%)** | **Consumer Staples (0.3%)** |
|  | Sysco Corp. | 1345300 | 102848 |
|  | Altria Group Inc. | 621700 | 28418 |
|  | Mowi ASA | 417100 | 7108 |
|  | Constellation Brands Inc. Class A | 25700 | 5956 |
| <sup>\*</sup> | Haleon plc ADR | 548000 | 4384 |
|  | Philip Morris International Inc. | 43300 | 4382 |
|  |  |  | **153096** |
| **Energy (2.5%)** | **Energy (2.5%)** | **Energy (2.5%)** | **Energy (2.5%)** |
|  | Hess Corp. | 5097200 | 722885 |
|  | Pioneer Natural Resources Co. | 2304100 | 526233 |
|  | EOG Resources Inc. | 1701200 | 220339 |
| <sup>\*</sup> | Transocean Ltd. (XNYS) | 11761373 | 53632 |
|  | Schlumberger Ltd. | 92400 | 4940 |
|  |  |  | **1528029** |
| **Financials (6.7%)** | **Financials (6.7%)** | **Financials (6.7%)** | **Financials (6.7%)** |
|  | Wells Fargo & Co. | 29659157 | 1224627 |
|  | JPMorgan Chase & Co. | 5759355 | 772330 |
|  | Marsh & McLennan Cos. Inc. | 3048815 | 504518 |
|  | Raymond James Financial Inc. | 4259403 | 455117 |
|  | Bank of America Corp. | 13335732 | 441679 |
|  | Charles Schwab Corp. | 1884114 | 156871 |
|  | Progressive Corp. | 895000 | 116090 |
|  | CME Group Inc. | 547468 | 92062 |
|  | Citigroup Inc. | 1959200 | 88615 |
|  | US Bancorp | 1294500 | 56453 |
|  | Goldman Sachs Group Inc. | 150000 | 51507 |
|  | Morgan Stanley | 276800 | 23534 |
|  | Discover Financial Services | 182525 | 17856 |
|  |  |  | **4001259** |
| **Health Care (32.8%)** | **Health Care (32.8%)** | **Health Care (32.8%)** | **Health Care (32.8%)** |
|  | Eli Lilly & Co. | 14847538 | 5431823 |
| <sup>\*,1</sup> | Biogen Inc. | 8927161 | 2472109 |
|  | Amgen Inc. | 9120955 | 2395528 |
|  | AstraZeneca plc ADR | 25867788 | 1753836 |
| <sup>\*</sup> | Boston Scientific Corp. | 26465244 | 1224547 |
|  | Thermo Fisher Scientific Inc. | 2215749 | 1220191 |
|  | Novartis AG ADR | 10443025 | 947391 |
|  | Bristol-Myers Squibb Co. | 11934723 | 858703 |
| <sup>\*</sup> | BioMarin Pharmaceutical Inc. | 6374648 | 659712 |
|  | Roche Holding AG | 1719103 | 540207 |
| <sup>\*,2</sup> | BeiGene Ltd. ADR | 2297790 | 505376 |
|  | Zimmer Biomet Holdings Inc. | 2374000 | 302685 |
|  | Abbott Laboratories | 2513425 | 275949 |
|  | CVS Health Corp. | 2342000 | 218251 |
| <sup>\*</sup> | Elanco Animal Health Inc. (XNYS) | 13507019 | 165056 |
|  | Agilent Technologies Inc. | 803456 | 120237 |
|  | GSK plc ADR | 3013700 | 105901 |
| <sup>\*</sup> | IQVIA Holdings Inc. | 442224 | 90607 |
|  | Stryker Corp. | 357850 | 87491 |
|  | Medtronic plc | 717750 | 55783 |
|  | Sanofi ADR | 961000 | 46541 |
| <sup>3</sup> | Siemens Healthineers AG | 846477 | 42224 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| <sup>\*</sup> | Edwards Lifesciences Corp. | 492100 | 36716 |
|  | Alcon Inc. | 431477 | 29578 |
|  | Danaher Corp. | 56902 | 15103 |
| <sup>\*</sup> | Waters Corp. | 27030 | 9260 |
| <sup>\*</sup> | Seagen Inc. | 51410 | 6607 |
|  | UnitedHealth Group Inc. | 5735 | 3041 |
|  | Humana Inc. | 4276 | 2190 |
| <sup>\*</sup> | Zimvie Inc. | 211223 | 1973 |
|  |  |  | **19624616** |
| **Industrials (13.2%)** | **Industrials (13.2%)** | **Industrials (13.2%)** | **Industrials (13.2%)** |
|  | FedEx Corp. | 9012558 | 1560975 |
|  | Siemens AG (Registered) | 7865849 | 1084317 |
| <sup>\*</sup> | Southwest Airlines Co. | 26187648 | 881738 |
|  | Airbus SE | 4542737 | 540143 |
|  | Caterpillar Inc. | 2023618 | 484778 |
| <sup>\*</sup> | United Airlines Holdings Inc. | 12389133 | 467070 |
|  | Union Pacific Corp. | 2240900 | 464023 |
| <sup>\*</sup> | Delta Air Lines Inc. | 10868560 | 357141 |
|  | United Parcel Service Inc. Class B | 1543670 | 268352 |
| <sup>\*</sup> | American Airlines Group Inc. | 19365013 | 246323 |
|  | Textron Inc. | 3456000 | 244685 |
|  | TransDigm Group Inc. | 343916 | 216547 |
| <sup>\*</sup> | Alaska Air Group Inc. | 3669400 | 157564 |
|  | General Dynamics Corp. | 538750 | 133669 |
|  | Carrier Global Corp. | 3220300 | 132837 |
|  | Otis Worldwide Corp. | 1322260 | 103546 |
|  | CSX Corp. | 3222000 | 99818 |
|  | JB Hunt Transport Services Inc. | 515900 | 89952 |
|  | Deere & Co. | 209244 | 89715 |
|  | Honeywell International Inc. | 228300 | 48925 |
|  | Rockwell Automation Inc. | 171800 | 44251 |
|  | L3Harris Technologies Inc. | 189000 | 39352 |
|  | Raytheon Technologies Corp. | 387070 | 39063 |
|  | nVent Electric plc | 880400 | 33869 |
|  | AMETEK Inc. | 221000 | 30878 |
| <sup>\*</sup> | Lyft Inc. Class A | 2142900 | 23615 |
| <sup>\*</sup> | Ryanair Holdings plc ADR | 250000 | 18690 |
| <sup>\*</sup> | Uber Technologies Inc. | 116350 | 2877 |
|  |  |  | **7904713** |
| **Information Technology (25.1%)** | **Information Technology (25.1%)** | **Information Technology (25.1%)** | **Information Technology (25.1%)** |
|  | Microsoft Corp. | 8454730 | 2027613 |
|  | Texas Instruments Inc. | 11413902 | 1885805 |
| <sup>\*</sup> | Adobe Inc. | 4493757 | 1512284 |
|  | KLA Corp. | 4003140 | 1509304 |
|  | Micron Technology Inc. | 24618314 | 1230423 |
|  | Intel Corp. | 33582918 | 887597 |
|  | Oracle Corp. | 8462020 | 691686 |
|  | NetApp Inc. | 8606341 | 516897 |
|  | Intuit Inc. | 1282000 | 498980 |
|  | Visa Inc. Class A | 2208700 | 458880 |
|  | Analog Devices Inc. | 2669140 | 437819 |
|  | QUALCOMM Inc. | 3516676 | 386623 |
|  | HP Inc. | 13651726 | 366822 |
| <sup>\*</sup> | Splunk Inc. | 3926658 | 338046 |
|  | Hewlett Packard Enterprise Co. | 19813032 | 316216 |
|  | NVIDIA Corp. | 1915940 | 279996 |
|  | Telefonaktiebolaget LM Ericsson ADR | 44948326 | 262498 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Apple Inc. | 1615000 | 209837 |
|  | Cisco Systems Inc. | 4371279 | 208248 |
|  | Fidelity National Information Services Inc. | 2135600 | 144900 |
|  | Applied Materials Inc. | 1368800 | 133294 |
|  | Corning Inc. | 3990600 | 127460 |
|  | Entegris Inc. | 1835622 | 120398 |
|  | Mastercard Inc. Class A | 308300 | 107205 |
| <sup>\*</sup> | Autodesk Inc. | 444200 | 83008 |
| <sup>\*</sup> | PayPal Holdings Inc. | 905000 | 64454 |
| <sup>\*</sup> | Palo Alto Networks Inc. | 326040 | 45496 |
| <sup>\*</sup> | Western Digital Corp. | 1220000 | 38491 |
| <sup>\*</sup> | Keysight Technologies Inc. | 195000 | 33359 |
| <sup>\*</sup> | BlackBerry Ltd. | 9975500 | 32520 |
|  | Teradyne Inc. | 338800 | 29594 |
| <sup>\*</sup> | VMware Inc. Class A | 120692 | 14816 |
| <sup>\*</sup> | Salesforce Inc. | 101800 | 13498 |
|  | Dell Technologies Inc. Class C | 274000 | 11020 |
|  | Infineon Technologies AG ADR | 75000 | 2261 |
| <sup>\*</sup> | Arista Networks Inc. | 4000 | 485 |
| <sup>\*</sup> | Okta Inc. | 3500 | 239 |
| <sup>\*</sup> | Unity Software Inc. | 7900 | 226 |
| <sup>\*</sup> | RingCentral Inc. Class A | 5550 | 196 |
|  |  |  | **15028494** |
| **Materials (1.5%)** | **Materials (1.5%)** | **Materials (1.5%)** | **Materials (1.5%)** |
|  | Glencore plc | 35018549 | 233526 |
|  | Albemarle Corp. | 857935 | 186052 |
|  | Freeport-McMoRan Inc. | 3148900 | 119658 |
|  | DuPont de Nemours Inc. | 1642656 | 112736 |
|  | Linde plc | 264500 | 86275 |
|  | Corteva Inc. | 1224316 | 71965 |
|  | Dow Inc. | 1343817 | 67715 |
|  |  |  | **877927** |
| **Total Common Stocks (Cost $24,774,368)** | **Total Common Stocks (Cost $24,774,368)** | **Total Common Stocks (Cost $24,774,368)** | **58698866** |
| **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** | **Temporary Cash Investments (2.2%)** |
| **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** | **Money Market Fund (2.2%)** |
| <sup>4,5</sup> | Vanguard Market Liquidity Fund, 4.334% **(Cost $1,332,969)** | 13334832 | **1333350** |
| **Total Investments (100.3%) (Cost $26,107,337)** | **Total Investments (100.3%) (Cost $26,107,337)** | **Total Investments (100.3%) (Cost $26,107,337)** | **60032216** |
| **Other Assets and Liabilities—Net (-0.3%)** | **Other Assets and Liabilities—Net (-0.3%)** | **Other Assets and Liabilities—Net (-0.3%)** | **(180211)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | **59852005** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $34,981,000. |
| 3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2022, the aggregate value was $42,224,000, representing 0.1% of net assets. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $36,758,000 was received for securities on loan. |
|  | ADR—American Depositary Receipt. |

---

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each

------

security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund's pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund's pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).

C. Various inputs may be used to determine the value of the fund's investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.**

The following table summarizes the market value of the fund's investments as of December 31, 2022, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 56186673 | &nbsp;&nbsp;&nbsp;2512193 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;58698866 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;1333350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1333350 |
| Total | &nbsp;&nbsp;57520023 | &nbsp;&nbsp;&nbsp;2512193 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;60032216 |

---

D. Certain of the fund's investments are in companies that are considered to be affiliated companies of the fund because the fund owns more than 5% of the outstanding voting securities of the company or the issuer is another member of The Vanguard Group. Transactions during the period in securities of these companies were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions |  |
|  | Sep. 30,<br> 2022<br> Market<br> Value<br> ($000) | Purchases<br> at Cost<br> ($000) | Proceeds<br> from<br> Securities<br> Sold<br> ($000) | Realized<br> Net<br> Gain<br> (Loss)<br> ($000) | Change in<br> Unrealized<br> App. (Dep.)<br> ($000) | Income<br> ($000) | Capital Gain<br> Distributions<br> Received<br> ($000) | Dec. 31,<br> 2022<br> Market<br> Value<br> ($000) |
| Biogen Inc. | 2381790 | 2769 | &nbsp;&nbsp;&nbsp;&nbsp;932 | 207 | &nbsp;&nbsp;88275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | 2472109 |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions | Current Period Transactions |  |
|  | Sep. 30,<br> 2022<br> Market<br> Value<br> ($000) | Purchases<br> at Cost<br> ($000) | Proceeds<br> from<br> Securities<br> Sold<br> ($000) | Realized<br> Net<br> Gain<br> (Loss)<br> ($000) | Change in<br> Unrealized<br> App. (Dep.)<br> ($000) | Income<br> ($000) | Capital Gain<br> Distributions<br> Received<br> ($000) | Dec. 31,<br> 2022<br> Market<br> Value<br> ($000) |
| Mattel Inc. | &nbsp;&nbsp;&nbsp;&nbsp;517760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;374 | &nbsp;&nbsp;(49) | (29987) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;487350 |
| Vanguard Market Liquidity Fund | 1696764 | &nbsp;&nbsp;&nbsp;NA<sup>1</sup> | &nbsp;&nbsp;&nbsp;NA<sup>1</sup> | &nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 | 15788 | &nbsp;&nbsp;&nbsp;4 | 1333350 |
| Whirlpool Corp. | &nbsp;&nbsp;&nbsp;403733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;428 | &nbsp;&nbsp;(43) | &nbsp;&nbsp;19963 | &nbsp;&nbsp;&nbsp;5236 |  | &nbsp;&nbsp;&nbsp;&nbsp;423225 |
| Total | 5000047 | 2769 | 1734 | 201 | &nbsp;&nbsp;78511 | 21024 | &nbsp;&nbsp;&nbsp;4 | 4716034 |

---

1 Not applicable—purchases and sales are for temporary cash investment purposes.

## 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 CHESTER FUNDS

- **b. Investment Company Act file number:** 811-04098

- **c. CIK number of Registrant:** 0000752177

- **d. LEI of Registrant:** 54930034NOOD3YDKBZ64

- **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 PRIMECAP FUND

- **b. EDGAR series identifier (if any):** S000002568

- **c. LEI of Series:** SHYKZ9CKK7NENE4ODA76

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $60122970591.60

**Total Liabilities:** $109617775.92

**Net Assets:** $60013352815.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007071 | 8.21%                | 7.72%                | -5.69%               |
| Class ID C000007070 | 8.21%                | 7.72%                | -5.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $243208671.35            | $4303338116.39                             |
| Month 2  | $565021422.90            | $3980357825.53                             |
| Month 3  | $113791220.43            | $-3808669917.18                            |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United Airlines Holdings Inc                      | UNITED AIRLINES                | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |   12389133 | NS      | $467070314.10  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                          | EBAY INC                       | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    1273350 | NS      | $52805824.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                     | HILTON WORLDWIDE               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     423766 | NS      | $53547071.76   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                      | THERMO FISHER                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    2215749 | NS      | $1220190816.81 | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                      | TERADYNE INC                   | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     338800 | NS      | $29594180.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                           | DOW INC                        | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    1343817 | NS      | $67714938.63   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                        | ZIMMER BIOMET HO               | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    2374000 | NS      | $302685000.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                             | UBER TECHNOLOGIE               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     116350 | NS      | $2877335.50    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                     | MEDTRONIC PLC                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |     717750 | NS      | $55783530.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                              | RYANAIR HLDG-ADR               | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | US        |     250000 | NS      | $18690000.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                              | ALASKA AIR GROUP               | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    3676400 | NS      | $157864616.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                           | ACTIVISION BLIZZ               | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |    3595100 | NS      | $275204905.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                          | CSX CORP                       | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    3222000 | NS      | $99817560.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                         | AMGEN INC                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    9120955 | NS      | $2395527621.20 | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                         | APPLE INC                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    1615000 | NS      | $209836950.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                   | SONY GROUP-ADR                 | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | US        |   13792745 | NS      | $1052110588.60 | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                | ANALOG DEVICES                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    2669140 | NS      | $437819034.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                             | Bath & Body Works Inc          | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    3533314 | NS      | $148893851.96  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                   | T-MOBILE US INC                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     353000 | NS      | $49420000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                          | CONSTELLATION-A                | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      25700 | NS      | $5955975.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                    | AMAZON.COM INC                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    3059600 | NS      | $257006400.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                      | STRYKER CORP                   | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     357850 | NS      | $87490746.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                           | GSK PLC-ADR                    | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | US        |    3013700 | NS      | $105901418.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    8454730 | NS      | $2027613348.60 | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                       | WATERS CORP                    | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      27030 | NS      | $9259937.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                      | ALPHABET INC-C                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    6986110 | NS      | $619877540.30  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                              | PROGRESSIVE CORP               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     895000 | NS      | $116090450.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                          | VISA INC-CLASS A               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    2208700 | NS      | $458879512.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                         | FLUTTER ENTER-DI               | CUSIP: G68673113<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | GB        |     472229 | NS      | $63932144.19   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                               | OTIS WORLDWI                   | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    1322260 | NS      | $103546180.60  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                           | BRISTOL-MYER SQB               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   11934723 | NS      | $858703319.85  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                | IQVIA HOLDINGS I               | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     442224 | NS      | $90607275.36   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                       | GOLDMAN SACHS GP               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     150000 | NS      | $51507000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                         | ADOBE INC                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    4493757 | NS      | $1512284043.21 | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                        | US BANCORP                     | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    1294500 | NS      | $56453145.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                      | AUTOZONE INC                   | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       2750 | NS      | $6781995.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                | META PLATFORMS-A               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     527550 | NS      | $63485367.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                        | INTUIT INC                     | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    1282000 | NS      | $498980040.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                           | SCHWAB (CHARLES)               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    1884114 | NS      | $156871331.64  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                       | HONEYWELL INTL                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     228300 | NS      | $48924690.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                        | DEERE & CO                     | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     209344 | NS      | $89758333.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One            | LIBERTY MEDIA-A                | CUSIP: 531229870<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      10900 | NS      | $582387.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                                  | SCHLUMBERGER LTD               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      92400 | NS      | $4939704.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                       | BIOMARIN PHARMAC               | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    6281189 | NS      | $650040249.61  | 1.08%             |  |  |  | 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        |     357064 | NS      | $35702825.06   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                     | CME GROUP INC                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     547468 | NS      | $92062218.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                             | GENERAL DYNAMICS               | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     538750 | NS      | $133669262.50  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                               | ELECTRONIC ARTS                | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       5700 | NS      | $696426.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                        | BIOGEN INC                     | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |    8917161 | NS      | $2469340224.12 | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                       | ROBLOX CORP - A                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      26500 | NS      | $754190.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                      | AUTODESK INC                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     444200 | NS      | $83007654.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                         | KEYSIGHT TEC                   | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     195000 | NS      | $33358650.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                              | WESTERN DIGITAL                | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    1220000 | NS      | $38491000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                    | LOWE'S COS INC                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     125000 | NS      | $24905000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                       | RAYMOND JAMES                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    4259403 | NS      | $455117210.55  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackBerry Ltd                                    | BLACKBERRY LTD                 | CUSIP: 09228F103<br>LEI: 549300HJD8NEGT71RF07 | Long             | EC               | CORP              | US        |    9975500 | NS      | $32520130.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                       | ORACLE CORP                    | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    8462020 | NS      | $691685514.80  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                             | DELL TECHN-C                   | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     274000 | NS      | $11020280.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                        | INTEL CORP                     | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   33582918 | NS      | $887596522.74  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                | UNION PAC CORP                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    2240900 | NS      | $464023163.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                         | BAIDU INC-SP ADR               | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | US        |    5438348 | NS      | $622038244.24  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                                        | ZIMVIE INC                     | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |     211223 | NS      | $1972822.82    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                | NVENT ELECTRIC                 | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     880400 | NS      | $33868988.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                      | PIONEER NATURAL                | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |    2304100 | NS      | $526233399.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                               | DOLLAR GENERAL C               | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       5400 | NS      | $1329750.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                   | TJX COS INC                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    8515300 | NS      | $677817880.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                   | ERICSSON LM-ADR                | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | US        |   44948326 | NS      | $262498223.84  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                          | MARSH & MCLENNAN               | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    3048815 | NS      | $504517906.20  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                         | TESLA INC                      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    6324700 | NS      | $779076546.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                         | HESS CORP                      | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |    5097200 | NS      | $722884904.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                       | TEXTRON INC                    | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    3456000 | NS      | $244684800.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                       | NOVARTIS AG-ADR                | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | US        |   10443025 | NS      | $947391228.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA-ADR                | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | US        |   25867788 | NS      | $1753836026.40 | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                     | MARRIOTT INTL-A                | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     451410 | NS      | $67210434.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                     | LIVE NATION ENTE               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     526860 | NS      | $36743216.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                                        | SEAGEN INC                     | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      51410 | NS      | $6606699.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                               | PAYPAL HOLDINGS                | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     905000 | NS      | $64454100.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                          | INFINEON TEC-ADR               | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | US        |      75000 | NS      | $2261250.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                         | ALIBABA GRP-ADR                | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | US        |    9932577 | NS      | $874960707.93  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                           | O'REILLY AUTOMOT               | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      11000 | NS      | $9284330.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VMware Inc                                        | VMWARE INC-CL A                | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |     120692 | NS      | $14816149.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                                    | TRANSOCEAN LTD                 | CUSIP: H8817H100<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | US        |   11761373 | NS      | $53631860.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                       | ROYAL CARIBBEAN                | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |    2599047 | NS      | $128470893.21  | 0.21%             |  |  |  | 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        | 1356149372 | NS      | $1356013757.50 | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BeiGene Ltd                                       | BEIGENE LTD-ADR                | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | US        |    2297790 | NS      | $505375932.60  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Boston Scientific Corp                            | BOSTON SCIENTIFC               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   26465244 | NS      | $1224546839.88 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                     | HEWLETT PACKA                  | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |   19813032 | NS      | $316215990.72  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                    | ELI LILLY & CO                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |   14847538 | NS      | $5431823301.92 | 9.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                          | ELANCO ANIMAL HE               | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |   13507019 | NS      | $165055772.18  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc        | FIDELITY NATIONA               | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    2135600 | NS      | $144900460.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                               | TRANSDIGM GROUP                | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     343916 | NS      | $216546709.40  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                              | FREEPORT-MCMORAN               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    3146900 | NS      | $119582200.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                               | ABBOTT LABS                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    2513425 | NS      | $275948930.75  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                                   | NINTENDO CO LTD                | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      17500 | NS      | $735815.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc                                   | ULTA BEAUTY INC                | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      21000 | NS      | $9850470.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                   | CATERPILLAR INC                | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    2023618 | NS      | $484777928.08  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                               | CARRIER GLOB                   | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    3220300 | NS      | $132837375.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                     | CITIGROUP INC                  | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    1959200 | NS      | $88614616.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc               | RESTAURANT BRAND               | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | US        |     808900 | NS      | $52311563.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                    | WHIRLPOOL CORP                 | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |    2991832 | NS      | $423224554.72  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                      | QUALCOMM INC                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    3516676 | NS      | $386623359.44  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                      | COMCAST CORP-A                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      87369 | NS      | $3055293.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                             | TEXAS INSTRUMENT               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   11413902 | NS      | $1885804888.44 | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                    | ALBEMARLE CORP                 | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     857935 | NS      | $186051784.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                        | HALEON-ADR                     | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | US        |     548000 | NS      | $4384000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                             | BURLINGTON STORE               | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     248000 | NS      | $50284480.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                   | PHILIP MORRIS IN               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      43300 | NS      | $4382393.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                          | AGILENT TECH INC               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     803456 | NS      | $120237190.40  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                    | SALESFORCE INC                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     101800 | NS      | $13497662.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                        | MATTEL INC                     | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   27317838 | NS      | $487350229.92  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                         | EDWARDS LIFE                   | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     492100 | NS      | $36715581.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                          | OKTA INC                       | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       3500 | NS      | $239155.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                        | CHARTER COMMUN-A               | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     197470 | NS      | $66962077.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                     | CARNIVAL CORP                  | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |    2054065 | NS      | $16555763.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| L3Harris Technologies Inc                         | L3HARRIS TECHNOL               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     189000 | NS      | $39351690.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                      | DANAHER CORP                   | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      56902 | NS      | $15102928.84   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                                          | MOWI ASA                       | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |     417100 | NS      | $7107507.47    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                   | DOLLAR TREE INC                | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     637000 | NS      | $90097280.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                            | PALO ALTO NETWOR               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     326040 | NS      | $45495621.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                   | MCDONALDS CORP                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     191800 | NS      | $50545054.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | AIRBUS SE                      | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |    4542737 | NS      | $540142544.14  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc                             | DUPONT DE NEMOUR               | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    1642656 | NS      | $112735481.28  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Altice USA Inc                                    | ALTICE USA INC-A               | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    1180000 | NS      | $5428000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                          | KLA CORP                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    4003140 | NS      | $1509303874.20 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                        | RAYTHEON TECHNOL               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     387070 | NS      | $39063104.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                         | UNITED PARCEL-B                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    1543670 | NS      | $268351592.80  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                            | HP INC                         | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |   13651726 | NS      | $366821877.62  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                       | NETFLIX INC                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      78800 | NS      | $23236544.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | MORGAN STANLEY                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     276800 | NS      | $23533536.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                       | CORNING INC                    | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    3990600 | NS      | $127459764.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                 | EOG RESOURCES                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    1701200 | NS      | $220339424.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                        | FEDEX CORP                     | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    9012558 | NS      | $1560975045.60 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                      | GLENCORE PLC                   | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | GB        |   35018549 | NS      | $233526353.29  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc                             | MICRON TECH                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   24618314 | NS      | $1230423333.72 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                   | CVS HEALTH CORP                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    2342000 | NS      | $218250980.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services                       | DISCOVER FINANCI               | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |     182525 | NS      | $17856420.75   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                             | APPLIED MATERIAL               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    1368800 | NS      | $133293744.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA CORP                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    1915940 | NS      | $279995471.60  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                               | JPMORGAN CHASE                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    5759355 | NS      | $772329505.50  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                    | MASTERCARD INC-A               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     308300 | NS      | $107205159.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                               | DELTA AIR LI                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |   10868560 | NS      | $357140881.60  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                  | WELLS FARGO & CO               | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   29659157 | NS      | $1224626592.53 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                        | SYSCO CORP                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    1345300 | NS      | $102848185.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Inc                                         | ALCON INC                      | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | US        |     431477 | NS      | $29577748.35   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                              | BANK OF AMERICA                | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   13335732 | NS      | $441679443.84  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                        | SPLUNK INC                     | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |    3926658 | NS      | $338045987.22  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                        | AMETEK INC                     | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     221000 | NS      | $30878120.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi                                            | SANOFI-ADR                     | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | US        |     961000 | NS      | $46541230.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                          | LYFT INC-A                     | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    2142900 | NS      | $23614758.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                        | SIEMENS AG-REG                 | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    7865849 | NS      | $1084317178.56 | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Humana Inc                                        | HUMANA INC                     | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       4276 | NS      | $2190124.44    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                        | NETAPP INC                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |    8606341 | NS      | $516896840.46  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                             | SOUTHWEST AIR                  | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   26187648 | NS      | $881738108.16  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                            | UNITEDHEALTH GRP               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       5735 | NS      | $3040582.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                                  | ALTRIA GROUP INC               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     621700 | NS      | $28417907.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                            | VICTORIA'S SECRE               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    1179071 | NS      | $42187160.38   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                | UNITY SOFTWARE I               | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |       7900 | NS      | $225861.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                   | ROSS STORES INC                | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    7819900 | NS      | $907655793.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                       | CORTEVA INC                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    1224316 | NS      | $71965294.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                       | AMERICAN AIRLINE               | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   19365013 | NS      | $246322965.36  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                    | HUNT (JB) TRANS                | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     515900 | NS      | $89952324.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                 | CISCO SYSTEMS                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    4371279 | NS      | $208247731.56  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                               | ARISTA NETWORKS                | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       4000 | NS      | $485400.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                           | ROCKWELL AUTOMAT               | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     171800 | NS      | $44250526.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                                   | RINGCENTRAL IN-A               | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |       5550 | NS      | $196470.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                  | ROCHE HLDG-GENUS               | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    1719103 | NS      | $540206724.94  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                              | LAS VEGAS SANDS                | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     712300 | NS      | $34240261.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                      | ALPHABET INC-A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   12239250 | NS      | $1079869027.50 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers AG                           | SIEMENS HEALTHIN               | CUSIP: D6T479107<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |     846477 | NS      | $42223650.45   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Entegris Inc                                      | ENTEGRIS INC                   | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |    1835622 | NS      | $120398446.98  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                         | LINDE PLC                      | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | US        |     264500 | NS      | $86274610.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                         | MGM RESORTS INTE               | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     552000 | NS      | $18508560.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                | WALT DISNEY CO/T               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    4048105 | NS      | $351699362.40  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** VANGUARD CHESTER FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer