# EDGAR Filing Document

**Accession Number:** 0000313850
**File Stem:** 0000313850-26-000133
**Filing Date:** 2026-6
**Character Count:** 72627
**Document Hash:** 507f3c81b2bca2a1057df9c86f99517f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000313850-26-000133.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000313850-26-000133

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD TRUSTEES' EQUITY FUND
- **CENTRAL INDEX KEY:** 0000313850

**ORGANIZATION NAME:**
- **EIN:** 232120820
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02968-99
- **FILM NUMBER:** 261128187

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD TRUSTEES EQUITY FUND
- **DATE OF NAME CHANGE:** 19930303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTEES COMINGLED FUND
- **DATE OF NAME CHANGE:** 19930302

## Series and Classes Contracts Data

### Vanguard International Value Fund (Series ID: S000004389)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012145 | Investor Shares | VTRIX           |

## 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 TRUSTEES' EQUITY FUND

- **b. Investment Company Act file number:** 811-02968-99

- **c. CIK number of Registrant:** 0000313850

- **d. LEI of Registrant:** 549300EQOO1PY5885755

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** VANGUARD INTERNATIONAL VALUE FUND

- **b. EDGAR series identifier (if any):** S000004389

- **c. LEI of Series:** 7EM3BZ1YDS7XSXNCNE49

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $11351483475.72

**Total Liabilities:** $23712799.28

**Net Assets:** $11327770676.44

**Cash Not Reported:** $10767136.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012145 | 5.88%                | -8.85%               | 7.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $160617116.96            | $497126869.35                              |
| Month 2  | $100082182.83            | $-1183354697.23                            |
| Month 3  | $145039211.64            | $603082368.10                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd                                    | AGNICO EAGLE MIN                                 | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | US        |    149602 | NS      | $28156592.42  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                | DIAGEO PLC                                       | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |   4184829 | NS      | $84614685.34  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                    | STANDARD CHARTER                                 | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |   1616583 | NS      | $41166010.41  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC HOLDINGS PL                                 | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   3061552 | NS      | $56332024.16  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                            | PRUDENTIAL PLC                                   | CUSIP: G72899100<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |   6016282 | NS      | $90662655.30  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Renishaw PLC                                              | RENISHAW PLC                                     | CUSIP: G75006117<br>LEI: 21380048ADXM6Z67CT18 | Long             | EC               | CORP              | GB        |    572766 | NS      | $36893452.52  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                        | SMITH & NEPHEW                                   | CUSIP: G82343164<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |   7027492 | NS      | $108742152.05 | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC                                            | WEIR GROUP PLC                                   | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |    768809 | NS      | $27865753.57  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                                    | BP PLC-ADR                                       | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | US        |   1130512 | NS      | $53563658.56  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CAE Inc                                                   | CAE INC                                          | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |    763976 | NS      | $19966244.34  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co                              | CAN NATL RAILWAY                                 | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |    596900 | NS      | $67043864.25  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                      | FOMENTO ECON-ADR                                 | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | US        |    287525 | NS      | $33996956.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                        | BANCO DO BRASIL                                  | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |   7465538 | NS      | $33484712.42  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                        | GRUPO F BANORT-O                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   8276925 | NS      | $89874181.18  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                                   | MAGNA INTL                                       | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |   1257361 | NS      | $80022717.60  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                                 | NOKIA CORP-ADR                                   | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | US        |   4674690 | NS      | $60350247.90  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                                | SAMSUNG ELECTR-G                                 | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | GB        |     19822 | NS      | $74983815.78  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                             | HDFC BANK-ADR                                    | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | US        |   2243063 | NS      | $56996230.83  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                                  | ITAU UNIBANC-ADR                                 | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | US        |   3294779 | NS      | $28664577.30  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                              | BARCLAYS PLC                                     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |   6337260 | NS      | $37249896.11  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group PLC                                        | INTERTEK GROUP                                   | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |    691373 | NS      | $44536947.85  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                                            | KINGFISHER PLC                                   | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |   9104476 | NS      | $35801581.56  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                                 | ADIDAS AG                                        | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |    306188 | NS      | $52988191.13  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                       | LVMH MOET HENNE                                  | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |    174362 | NS      | $93145833.09  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                       | INTESA SANPAOLO                                  | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   5621901 | NS      | $38196502.16  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                              | CAPGEMINI SE                                     | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |    211446 | NS      | $25715312.23  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                                        | KINGSPAN GROUP                                   | CUSIP: G52654103<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |    974422 | NS      | $90157139.15  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                              | KBC GROUP                                        | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |    210562 | NS      | $28025391.64  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                                           | KERRY GROUP-A                                    | CUSIP: G52416107<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |    460711 | NS      | $39044477.99  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                              | GEA GROUP AG                                     | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |    552386 | NS      | $37773074.08  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                            | CONTINENTAL AG                                   | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |    474720 | NS      | $35918802.67  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                          | DHL GROUP                                        | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    645376 | NS      | $38215457.64  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                          | PERNOD RICARD SA                                 | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |   1385772 | NS      | $103020917.41 | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                                | MERCK KGAA                                       | CUSIP: D5357W103<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |    282213 | NS      | $36542968.40  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                                       | HENKEL AG & CO K                                 | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |    574460 | NS      | $39589425.78  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                                  | BAYER AG-REG                                     | CUSIP: D0712D163<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    712798 | NS      | $31960245.20  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                   | BASF SE                                          | CUSIP: D06216317<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |   1333539 | NS      | $85528651.36  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | MUENCHENER RUE-R                                 | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |    133670 | NS      | $79957673.50  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                              | BANKINTER                                        | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |   1948020 | NS      | $32417181.40  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | BBVA                                             | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |   1459326 | NS      | $32225431.57  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                                                 | KERING                                           | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |    554241 | NS      | $152479206.63 | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                                 | SANOFI                                           | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    815669 | NS      | $76327430.83  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                        | BANCO SANTANDER                                  | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   3034848 | NS      | $37032216.26  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                | SIEMENS AG-REG                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    125017 | NS      | $37150198.06  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                               | BMW AG                                           | CUSIP: D12096109<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |    498391 | NS      | $45609375.90  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV                                      | VOPAK                                            | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |    986711 | NS      | $49383686.53  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                                  | INFINEON TECH                                    | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |   1802646 | NS      | $121237515.37 | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                                 | NOKIA OYJ                                        | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |  15358019 | NS      | $195147695.03 | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| STMicroelectronics NV                                     | STMICROELECTRONI                                 | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | FR        |   4781361 | NS      | $260469450.89 | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | SOC GENERALE SA                                  | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |    446356 | NS      | $35931684.34  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                                 | ZURICH INSURANCE                                 | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |     73832 | NS      | $51477168.66  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                                    | KONINKLIJKE PHIL                                 | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |   1671173 | NS      | $44081864.68  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                                | REALTEK SEMI                                     | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |   1246881 | NS      | $21287276.79  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                                          | BANGKOK BANK-F                                   | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |   8015737 | NS      | $39993321.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd                      | CHINA OVERSEAS                                   | CUSIP: Y15004107<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |  11346633 | NS      | $19489837.00  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Ain Holdings Inc                                          | AIN HOLDINGS INC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    576100 | NS      | $20888427.01  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Daito Trust Construction Co Ltd                           | DAITO TRUST CONS                                 | CUSIP: J11151107<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |   2073322 | NS      | $46635274.86  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                                     | DAIKIN INDS                                      | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |    493320 | NS      | $69703749.42  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd                                               | LG CHEM LTD                                      | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |    154719 | NS      | $41904582.72  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                            | SHINHAN FINANCIA                                 | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    558261 | NS      | $37910798.76  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Group Inc                           | SUMITOMO MITSUI                                  | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |   3420732 | NS      | $114366471.24 | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                            | GALAXY ENTERTAIN                                 | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |   7782000 | NS      | $33200855.45  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd                             | JARDINE MATHESON                                 | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | SG        |   1110270 | NS      | $75689652.19  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                                 | KOREA ELEC POWER                                 | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |   2216630 | NS      | $66414383.18  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                                               | KUBOTA CORP                                      | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |   6622432 | NS      | $108107538.36 | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                                          | MISUMI GROUP INC                                 | CUSIP: J43293109<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |   2593472 | NS      | $59697909.17  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd                               | MURATA MFG CO                                    | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |   5820221 | NS      | $193023281.16 | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                           | NINTENDO CO LTD                                  | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    246100 | NS      | $12038939.69  | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Kohden Corp                                         | NIHON KOHDEN                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   3076800 | NS      | $28658144.15  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                                                | DENSO CORP                                       | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |   3985908 | NS      | $47623850.92  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NIDEC CORP                                                | NIDEC CORP                                       | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               | CORP              | JP        |  12569000 | NS      | $193609955.73 | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp                                          | NITTO DENKO CORP                                 | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |   1186544 | NS      | $22568388.98  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                               | BANK MANDIRI                                     | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        | 231908206 | NS      | $59009402.90  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Selamat Sempurna Tbk PT                                   | SELAMAT SEMPURNA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        | 175810416 | NS      | $18285756.17  | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                                              | OLYMPUS CORP                                     | CUSIP: N/A<br>LEI: 5299000Y52IFDI1I2A21       | Long             | EC               | CORP              | JP        |   1754200 | NS      | $17253463.49  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Omron Corp                                                | OMRON CORP                                       | CUSIP: N/A<br>LEI: 549300ZHW0TR2QZ0NY83       | Long             | EC               | CORP              | JP        |   1208246 | NS      | $43400033.75  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Seria Co Ltd                                              | SERIA CO LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1188500 | NS      | $25997168.76  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                      | BANK RAKYAT INDO                                 | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        | 265397700 | NS      | $45912372.03  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Power Holdings Co Ltd                     | CHINA RES POWER                                  | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |   8668000 | NS      | $21374932.24  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd                                   | QBE INSURANCE                                    | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |   3458118 | NS      | $56014164.96  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd              | SHANDONG WEIG-H                                  | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | HK        |  66429760 | NS      | $29277450.26  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                                  | JAPAN EXCHANGE G                                 | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | Long             | EC               | CORP              | JP        |   2959232 | NS      | $35249567.14  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                                        | E INK HOLDINGS                                   | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |   5966524 | NS      | $26254321.30  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                                  | SMC CORP                                         | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |    135613 | NS      | $66686599.93  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                                       | SOFTBANK GROUP C                                 | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |   2992100 | NS      | $102206622.91 | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                | SAMSUNG ELECTRON                                 | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   2028110 | NS      | $305408397.98 | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                                 | SHIN-ETSU CHEM                                   | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |   2209100 | NS      | $101711825.86 | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                                           | SONY GROUP CORP                                  | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |   3235685 | NS      | $64828023.31  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Forestry Co Ltd                                  | SUMITOMO FOREST                                  | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |   2843200 | NS      | $25694393.31  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                               | SHK PPT                                          | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |   3034000 | NS      | $53116494.67  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                                         | SUZUKI MOTOR                                     | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |   6282314 | NS      | $70257865.94  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                 | TSMC                                             | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   1346070 | NS      | $93446694.87  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp                                             | UNICHARM CORP                                    | CUSIP: J94104114<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |   6524300 | NS      | $38113585.01  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                                  | UNITED OVERSEAS                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |   2250052 | NS      | $64079365.35  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Robina Corp                                     | UNIVERSAL ROBINA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |  14789340 | NS      | $14691492.74  | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd                                          | VENTURE CORP LTD                                 | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |   3295600 | NS      | $42064803.87  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                        | DEUTSCHE BOERSE                                  | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |    308741 | NS      | $94721087.33  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                                 | NESTLE SA-REG                                    | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    723330 | NS      | $73229671.76  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                               | EQUINOR ASA                                      | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |   1480116 | NS      | $60236650.27  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                               | HEINEKEN NV                                      | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |    818383 | NS      | $63710987.90  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                                    | YUM CHINA HO                                     | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |    679630 | NS      | $32928073.50  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | GBP/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1466.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | PLN/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3059.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | JPY/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-864.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | CHF/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $81592.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-46325.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | DKK/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3182.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | NOK/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-49524.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | SEK/USD FWD 20260617                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6525.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                         | BRADESCO-ADR                                     | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | US        |   9241852 | NS      | $35858385.76  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd                              | TECHTRONIC IND                                   | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |   5956803 | NS      | $86371855.49  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                                  | BANK CENTRAL ASI                                 | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  89102000 | NS      | $30209164.16  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd                   | PING AN                                          | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | HK        |   6713500 | NS      | $54568017.82  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                                            | LI NING CO LTD                                   | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | HK        |  25666000 | NS      | $66820664.80  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                             | TATA CONSULTANCY                                 | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |   2120852 | NS      | $55656058.20  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group PLC                                         | ADMIRAL GROUP                                    | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |   1150672 | NS      | $52869322.60  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Intact Financial Corp                                     | INTACT FINANCIAL                                 | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |    145723 | NS      | $28079315.36  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sembcorp Industries Ltd                                   | SEMBCORP INDUS                                   | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               | CORP              | SG        |   6714996 | NS      | $35239902.27  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                           | LOJAS RENNER SA                                  | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |  22173690 | NS      | $60899508.06  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                                   | UPL LTD                                          | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |  10078670 | NS      | $68571861.40  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhou International Group Holdings Ltd                 | SHENZHOU INTL GP                                 | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | HK        |   5516400 | NS      | $33624795.85  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                                  | HANA FINANCIAL G                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    241939 | NS      | $21020035.51  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                          | TOTALENERGIES SE                                 | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |   1952558 | NS      | $181536285.99 | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Dairy Products JSC                                | VIET NAM DAIRY P                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |   9272115 | NS      | $21488233.57  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                               | CM BANK-H                                        | CUSIP: Y14896115<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | HK        |   6953500 | NS      | $42086339.14  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                 | DANONE                                           | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    428200 | NS      | $33548635.52  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                                         | BUREAU VERITAS S                                 | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |   2270283 | NS      | $69569114.84  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd                   | ADANI PORTS AND                                  | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |   1969398 | NS      | $34604032.02  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                                       | MACQUARIE GROUP                                  | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |    589457 | NS      | $101264125.14 | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Paragon Banking Group PLC                                 | PARAGON BANKING                                  | CUSIP: G6376N154<br>LEI: 213800S1TDKIB1IUTS72 | Long             | EC               | CORP              | GB        |   3018752 | NS      | $30745026.31  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                    | KB FINANCIAL GRO                                 | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    347934 | NS      | $38100580.09  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd                                     | JULIUS BAER GROU                                 | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |   1877225 | NS      | $154302071.96 | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                             | AIA                                              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   9476179 | NS      | $104036787.67 | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd                                           | SANDS CHINA LTD                                  | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | HK        |  32006400 | NS      | $67154376.15  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Phu Nhuan Jewelry JSC                                     | PHU NHUAN JEWELR                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |  17462401 | NS      | $44905659.93  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bakkafrost P/F                                            | BAKKAFROST P/F                                   | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               | CORP              | NO        |    874777 | NS      | $43521176.76  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Puregold Price Club Inc                                   | PUREGOLD PRICE C                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |  32485576 | NS      | $22729260.19  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk PT                                | ASTRA INTERNATIO                                 | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  95684576 | NS      | $33148874.60  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                                 | BANK OF IRELAND                                  | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |   2032601 | NS      | $40036961.75  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                                   | SIEMENS HEALTHIN                                 | CUSIP: D6T479107<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |    585655 | NS      | $24014309.95  | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Westports Holdings Bhd                                    | WESTPORTS HOLDIN                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |  24367000 | NS      | $35002419.98  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                                   | SIKA AG-REG                                      | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               | CORP              | CH        |    416921 | NS      | $76907848.42  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                           | NORDEA BANK ABP                                  | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |   4123250 | NS      | $77537275.27  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                  | AMBEV SA                                         | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |  11071849 | NS      | $32443258.81  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                                   | IMI PLC                                          | CUSIP: G47152114<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    597793 | NS      | $22768795.34  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                             | AKZO NOBEL                                       | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |    790435 | NS      | $46395989.15  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                 | PROSUS NV                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |   1411703 | NS      | $68344793.31  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International PLC                                   | CRODA INTL.                                      | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |   1294251 | NS      | $50199326.02  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing hc F Porsche AG                                    | DR ING HC F PORS                                 | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EP               | CORP              | DE        |    721483 | NS      | $35035913.75  | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| HDFC Bank Ltd                                             | HDFC BANK LTD                                    | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   5472142 | NS      | $44757054.42  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                 | BABA-W                                           | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |   3125769 | NS      | $51515842.51  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                       | BANCA MONTE DEI                                  | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |   4027587 | NS      | $42932943.18  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Wilmar Ltd                                          | AWL AGRI BUSINES                                 | CUSIP: N/A<br>LEI: 335800R5XN85I4JPI333       | Long             | EC               | CORP              | IN        |   6408501 | NS      | $13311716.42  | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                           | SANDOZ GROUP AG                                  | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |    879621 | NS      | $70557428.96  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                               | NETEASE INC                                      | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | HK        |   1723296 | NS      | $40340954.25  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                                               | INFORMA PLC                                      | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |   5329388 | NS      | $57621936.59  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                      | TENCENT                                          | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |   1410365 | NS      | $85654661.84  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                                | HALEON PLC                                       | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  10564008 | NS      | $48783231.65  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Saipem SpA                                                | SAIPEM SPA                                       | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |  11099634 | NS      | $60138427.66  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                                   | GSK PLC                                          | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   5713193 | NS      | $149785494.26 | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                                               | EURONEXT NV                                      | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | FR        |    265499 | NS      | $44442222.30  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                              | DNB BANK ASA                                     | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |   1903730 | NS      | $57651323.31  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                               | FINECOBANK SPA                                   | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |   4941751 | NS      | $122682055.74 | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FUCHS SE                                                  | FUCHS SE-PREF                                    | CUSIP: D27462379<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EP               | CORP              | DE        |    597365 | NS      | $28139676.74  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                                | HEXAGON AB-B                                     | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   2484886 | NS      | $27147251.42  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings PLC                               | BERKELEY GROUP                                   | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |   1388939 | NS      | $60473669.67  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                                    | KWEICHOW MOUTA-A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    162159 | NS      | $32868175.28  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                          | NOVO NORDISK-B                                   | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   2981548 | NS      | $126823015.53 | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                  | DAIMLER TRUCK HO                                 | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |    568355 | NS      | $28666650.68  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA              | MICHELIN                                         | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |   1787732 | NS      | $64762466.64  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| EQB Inc                                                   | EQB INC                                          | CUSIP: 26886R104<br>LEI: 549300QAXPCRULOPD247 | Long             | EC               | CORP              | CA        |    496700 | NS      | $45079085.66  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brembo NV                                                 | BREMBO N.V.                                      | CUSIP: N/A<br>LEI: 549300BLWVJN2BAT0A44       | Long             | EC               | CORP              | IT        |   3165983 | NS      | $29834547.64  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                          | ROCHE HOLDING AG-GENUSSCHEIN - PART.CERTIFICATES | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    237967 | NS      | $96971553.22  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                              | WALMART DE MEXIC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |  24679710 | NS      | $77803568.12  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                          | ARCELORMITTAL                                    | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | NL        |    603379 | NS      | $35029313.41  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                             | ASSA ABLOY AB-B                                  | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |   1587513 | NS      | $61099754.16  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                          | ABN AMRO BANK-CV                                 | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |   2131996 | NS      | $74229378.02  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                                      | RYANAIR HLDG-ADR                                 | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | US        |    992954 | NS      | $54264936.10  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd                                     | CK ASSET HOLDING                                 | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |   5867500 | NS      | $36960883.24  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| North West Co Inc/The                                     | NORTH WEST CO IN                                 | CUSIP: 663278208<br>LEI: 254900VT1HQAZR3IVM76 | Long             | EC               | CORP              | CA        |   1105311 | NS      | $41401865.26  | 0.37%             |  |  |  | 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        |   4185503 | NS      | $418508402.37 | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                   | AON PLC-CLASS A                                  | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |    220198 | NS      | $68624706.70  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                 | AXIS CAPITAL                                     | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | US        |    613494 | NS      | $61600932.54  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                   | CRH PLC                                          | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |    232403 | NS      | $27521163.26  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Everest Group Ltd                                         | EVEREST GROUP LT                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | US        |    227837 | NS      | $81283128.12  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                             | MEDTRONIC PLC                                    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |    766267 | NS      | $62044638.99  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                  | WILLIS TOWERS WA                                 | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | US        |    244850 | NS      | $62730570.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                                    | XP INC - CLASS A                                 | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | US        |    515688 | NS      | $9880582.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                 | CHUBB LTD                                        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |    393471 | NS      | $128665017.00 | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd                     | CHECK POINT SOFT                                 | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | US        |    449588 | NS      | $50565162.36  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MSCI EmgMkt       Jun26                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       846 | NC      | $4169374.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MSCI EAFE         Jun26                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       688 | NC      | $1771135.58   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                          | COPA HOLDIN-CL A                                 | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | US        |    686616 | NS      | $79427738.88  | 0.70%             |  |  |  | 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        |    358674 | NS      | $35863773.37  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-25

**Name of Applicant:** VANGUARD TRUSTEES' EQUITY FUND

**Signature:** My Trieu-Gatt

**Name of Signer:** My Trieu-Gatt

**Title:** Treasurer