# EDGAR Filing Document

**Accession Number:** 0000052848
**File Stem:** 0001752724-25-182544
**Filing Date:** 2025-7
**Character Count:** 83431
**Document Hash:** 6ff2e422eb3d767b460fff515106d059
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182544.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182544

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WORLD FUND
- **CENTRAL INDEX KEY:** 0000052848

**ORGANIZATION NAME:**
- **EIN:** 046035483
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01027
- **FILM NUMBER:** 251161254

**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 WORLD FUNDS
- **DATE OF NAME CHANGE:** 20020402

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IVEST FUND INC
- **DATE OF NAME CHANGE:** 19850923

## Series and Classes Contracts Data

### Vanguard International Growth Fund (Series ID: S000004453)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012228 | Investor Shares | VWIGX           |
| C000012229 | Admiral Shares  | VWILX           |

## Nport-Ex

Vanguard<sup>®</sup> International Growth Fund

#### Schedule of Investments (unaudited)
As of May 31, 2025

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 | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (97.4%)** | **Common Stocks (97.4%)** | **Common Stocks (97.4%)** | **Common Stocks (97.4%)** |
| **Australia (1.5%)** | **Australia (1.5%)** | **Australia (1.5%)** | **Australia (1.5%)** |
|  | &nbsp;&nbsp;&nbsp;WiseTech Global Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9952755 | &nbsp;&nbsp;&nbsp;&nbsp; 687668 |
| **Austria (0.7%)** | **Austria (0.7%)** | **Austria (0.7%)** | **Austria (0.7%)** |
|  | &nbsp;&nbsp;&nbsp;Erste Group Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;3827980 | &nbsp;&nbsp;&nbsp;&nbsp; 308265 |
| **Belgium (1.5%)** | **Belgium (1.5%)** | **Belgium (1.5%)** | **Belgium (1.5%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Argenx SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824352 | &nbsp;&nbsp;&nbsp;&nbsp; 472990 |
|  | &nbsp;&nbsp;&nbsp;UCB SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943508 | &nbsp;&nbsp;&nbsp;&nbsp; 171643 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **644633** |
| **Brazil (2.0%)** | **Brazil (2.0%)** | **Brazil (2.0%)** | **Brazil (2.0%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;NU Holdings Ltd. Class A | 69087281 | &nbsp;&nbsp;&nbsp;&nbsp; 829738 |
|  | &nbsp;&nbsp;&nbsp;Raia Drogasil SA | 22310489 | &nbsp;&nbsp;&nbsp;&nbsp; 57927 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **887665** |
| **Canada (1.9%)** | **Canada (1.9%)** | **Canada (1.9%)** | **Canada (1.9%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Shopify Inc. Class A (XTSE) | &nbsp;&nbsp;&nbsp;&nbsp;4014742 | &nbsp;&nbsp;&nbsp;&nbsp; 430460 |
|  | &nbsp;&nbsp;&nbsp;Toronto-Dominion Bank | &nbsp;&nbsp;&nbsp;&nbsp;3985502 | &nbsp;&nbsp;&nbsp;&nbsp; 275226 |
|  | &nbsp;&nbsp;&nbsp;Canadian National Railway Co. | &nbsp;&nbsp;&nbsp;&nbsp;1253467 | &nbsp;&nbsp;&nbsp;&nbsp; 131763 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **837449** |
| **China (9.6%)** | **China (9.6%)** | **China (9.6%)** | **China (9.6%)** |
|  | &nbsp;&nbsp;&nbsp;BYD Co. Ltd. Class H | 28265500 | &nbsp;&nbsp;&nbsp;&nbsp; 1404739 |
|  | &nbsp;&nbsp;&nbsp;Tencent Holdings Ltd. | 12313800 | &nbsp;&nbsp;&nbsp;&nbsp; 776294 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;Meituan Class B | 43841668 | &nbsp;&nbsp;&nbsp;&nbsp; 758226 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;PDD Holdings Inc. ADR | &nbsp;&nbsp;&nbsp;&nbsp;5396238 | &nbsp;&nbsp;&nbsp;&nbsp; 520791 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;Wuxi Biologics Cayman Inc. | 66043000 | &nbsp;&nbsp;&nbsp;&nbsp; 208593 |
|  | &nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR | &nbsp;&nbsp;&nbsp;&nbsp;9957944 | &nbsp;&nbsp;&nbsp;&nbsp; 167692 |
|  | &nbsp;&nbsp;&nbsp;Full Truck Alliance Co. Ltd. ADR | 12227700 | &nbsp;&nbsp;&nbsp;&nbsp; 142208 |
|  | &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology Co. Ltd. Class A | &nbsp;&nbsp;&nbsp;&nbsp;3428659 | &nbsp;&nbsp;&nbsp;&nbsp; 118397 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Shenzhen Inovance Technology Co. Ltd. Class A | 12775614 | &nbsp;&nbsp;&nbsp;&nbsp; 116267 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;Ganfeng Lithium Group Co. Ltd. Class H | 26358400 | &nbsp;&nbsp;&nbsp;&nbsp; 64251 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4277458** |
| **Denmark (4.5%)** | **Denmark (4.5%)** | **Denmark (4.5%)** | **Denmark (4.5%)** |
|  | &nbsp;&nbsp;&nbsp;DSV A/S | &nbsp;&nbsp;&nbsp;&nbsp;3319291 | &nbsp;&nbsp;&nbsp;&nbsp; 781641 |
|  | &nbsp;&nbsp;&nbsp;Novo Nordisk A/S Class B | &nbsp;&nbsp;&nbsp;&nbsp;8300646 | &nbsp;&nbsp;&nbsp;&nbsp; 589743 |
|  | &nbsp;&nbsp;&nbsp;Ambu A/S Class B | 12838019 | &nbsp;&nbsp;&nbsp;&nbsp; 198301 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Genmab A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922597 | &nbsp;&nbsp;&nbsp;&nbsp; 194631 |
|  | &nbsp;&nbsp;&nbsp;Vestas Wind Systems A/S | &nbsp;&nbsp;&nbsp;&nbsp;9576720 | &nbsp;&nbsp;&nbsp;&nbsp; 151458 |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;Zealand Pharma A/S | &nbsp;&nbsp;&nbsp;&nbsp;1275194 | &nbsp;&nbsp;&nbsp;&nbsp; 88640 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2004414** |
| **France (4.4%)** | **France (4.4%)** | **France (4.4%)** | **France (4.4%)** |
|  | &nbsp;&nbsp;&nbsp;Hermes International SCA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231028 | &nbsp;&nbsp;&nbsp;&nbsp; 637063 |
|  | &nbsp;&nbsp;&nbsp;L'Oreal SA (XPAR) | &nbsp;&nbsp;&nbsp;&nbsp;1064559 | &nbsp;&nbsp;&nbsp;&nbsp; 450591 |
|  | &nbsp;&nbsp;&nbsp;Schneider Electric SE | &nbsp;&nbsp;&nbsp;&nbsp;1346474 | &nbsp;&nbsp;&nbsp;&nbsp; 339731 |
|  | &nbsp;&nbsp;&nbsp;Legrand SA | &nbsp;&nbsp;&nbsp;&nbsp;1746141 | &nbsp;&nbsp;&nbsp;&nbsp; 212079 |
|  | &nbsp;&nbsp;&nbsp;Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp;1560009 | &nbsp;&nbsp;&nbsp;&nbsp; 154505 |
|  | &nbsp;&nbsp;&nbsp;EssilorLuxottica SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369736 | &nbsp;&nbsp;&nbsp;&nbsp; 102732 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;SOITEC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977460 | &nbsp;&nbsp;&nbsp;&nbsp; 48202 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1944903** |
| **Germany (3.8%)** | **Germany (3.8%)** | **Germany (3.8%)** | **Germany (3.8%)** |
|  | &nbsp;&nbsp;&nbsp;SAP SE | &nbsp;&nbsp;&nbsp;&nbsp;1888850 | &nbsp;&nbsp;&nbsp;&nbsp; 571415 |
|  | &nbsp;&nbsp;&nbsp;Bayerische Motoren Werke AG (XETR) | &nbsp;&nbsp;&nbsp;&nbsp;3141893 | &nbsp;&nbsp;&nbsp;&nbsp; 278752 |
|  | &nbsp;&nbsp;&nbsp;Infineon Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp;6102464 | &nbsp;&nbsp;&nbsp;&nbsp; 237262 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;Delivery Hero SE | &nbsp;&nbsp;&nbsp;&nbsp;8209895 | &nbsp;&nbsp;&nbsp;&nbsp; 226973 |
|  | &nbsp;&nbsp;&nbsp;Siemens AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880712 | &nbsp;&nbsp;&nbsp;&nbsp; 211832 |
|  | &nbsp;&nbsp;&nbsp;Beiersdorf AG | &nbsp;&nbsp;&nbsp;&nbsp;1193350 | &nbsp;&nbsp;&nbsp;&nbsp; 163686 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1689920** |
| **Hong Kong (1.0%)** | **Hong Kong (1.0%)** | **Hong Kong (1.0%)** | **Hong Kong (1.0%)** |
|  | &nbsp;&nbsp;&nbsp;AIA Group Ltd. | 55144800 | &nbsp;&nbsp;&nbsp;&nbsp; 459032 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| **India (2.7%)** | **India (2.7%)** | **India (2.7%)** | **India (2.7%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;HDFC Bank Ltd. | 26977590 | &nbsp;&nbsp;&nbsp;&nbsp; 615630 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;MakeMyTrip Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3341072 | &nbsp;&nbsp;&nbsp;&nbsp; 339553 |
|  | &nbsp;&nbsp;&nbsp;Reliance Industries Ltd. | 14545977 | &nbsp;&nbsp;&nbsp;&nbsp; 241930 |
| <sup>\*,3,4</sup> | &nbsp;&nbsp;&nbsp;ANI Technologies Private Ltd. PP (Acquired 12/1/15, Cost $5,969) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166185 | &nbsp;&nbsp;&nbsp;&nbsp; 7632 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1204745** |
| **Indonesia (0.4%)** | **Indonesia (0.4%)** | **Indonesia (0.4%)** | **Indonesia (0.4%)** |
|  | &nbsp;&nbsp;&nbsp;Bank Central Asia Tbk PT | 300623400 | &nbsp;&nbsp;&nbsp;&nbsp; 173427 |
| **Israel (0.7%)** | **Israel (0.7%)** | **Israel (0.7%)** | **Israel (0.7%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Wix.com Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1369480 | &nbsp;&nbsp;&nbsp;&nbsp; 203984 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Check Point Software Technologies Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428297 | &nbsp;&nbsp;&nbsp;&nbsp; 98029 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **302013** |
| **Italy (3.1%)** | **Italy (3.1%)** | **Italy (3.1%)** | **Italy (3.1%)** |
|  | &nbsp;&nbsp;&nbsp;Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp;1603006 | &nbsp;&nbsp;&nbsp;&nbsp; 767256 |
|  | &nbsp;&nbsp;&nbsp;FinecoBank Banca Fineco SpA | 10924663 | &nbsp;&nbsp;&nbsp;&nbsp; 236256 |
|  | &nbsp;&nbsp;&nbsp;Prysmian SpA | &nbsp;&nbsp;&nbsp;&nbsp;2872017 | &nbsp;&nbsp;&nbsp;&nbsp; 184705 |
|  | &nbsp;&nbsp;&nbsp;Brunello Cucinelli SpA | &nbsp;&nbsp;&nbsp;&nbsp;1398605 | &nbsp;&nbsp;&nbsp;&nbsp; 172366 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1360583** |
| **Japan (8.4%)** | **Japan (8.4%)** | **Japan (8.4%)** | **Japan (8.4%)** |
|  | &nbsp;&nbsp;&nbsp;Keyence Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1373400 | &nbsp;&nbsp;&nbsp;&nbsp; 574864 |
|  | &nbsp;&nbsp;&nbsp;Advantest Corp. | 11058200 | &nbsp;&nbsp;&nbsp;&nbsp; 559282 |
|  | &nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group Inc. | 29348000 | &nbsp;&nbsp;&nbsp;&nbsp; 410529 |
|  | &nbsp;&nbsp;&nbsp;Sony Group Corp. | 12399500 | &nbsp;&nbsp;&nbsp;&nbsp; 331884 |
|  | &nbsp;&nbsp;&nbsp;Disco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1278400 | &nbsp;&nbsp;&nbsp;&nbsp; 286376 |
|  | &nbsp;&nbsp;&nbsp;MS&AD Insurance Group Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9919000 | &nbsp;&nbsp;&nbsp;&nbsp; 236255 |
|  | &nbsp;&nbsp;&nbsp;KDDI Corp. | 11663000 | &nbsp;&nbsp;&nbsp;&nbsp; 201892 |
|  | &nbsp;&nbsp;&nbsp;ITOCHU Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3585600 | &nbsp;&nbsp;&nbsp;&nbsp; 190310 |
|  | &nbsp;&nbsp;&nbsp;FUJIFILM Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6227100 | &nbsp;&nbsp;&nbsp;&nbsp; 140562 |
|  | &nbsp;&nbsp;&nbsp;Recruit Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2280000 | &nbsp;&nbsp;&nbsp;&nbsp; 135797 |
|  | &nbsp;&nbsp;&nbsp;SBI Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4470400 | &nbsp;&nbsp;&nbsp;&nbsp; 135389 |
|  | &nbsp;&nbsp;&nbsp;Bridgestone Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2992400 | &nbsp;&nbsp;&nbsp;&nbsp; 128479 |
|  | &nbsp;&nbsp;&nbsp;Terumo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5616100 | &nbsp;&nbsp;&nbsp;&nbsp; 103094 |
|  | &nbsp;&nbsp;&nbsp;SMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246400 | &nbsp;&nbsp;&nbsp;&nbsp; 92391 |
|  | &nbsp;&nbsp;&nbsp;Daikin Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642200 | &nbsp;&nbsp;&nbsp;&nbsp; 73070 |
|  | &nbsp;&nbsp;&nbsp;Shimano Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419500 | &nbsp;&nbsp;&nbsp;&nbsp; 59432 |
|  | &nbsp;&nbsp;&nbsp;Kokusai Electric Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2490800 | &nbsp;&nbsp;&nbsp;&nbsp; 51267 |
|  | &nbsp;&nbsp;&nbsp;Fast Retailing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91900 | &nbsp;&nbsp;&nbsp;&nbsp; 30611 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **3741484** |
| **Netherlands (8.3%)** | **Netherlands (8.3%)** | **Netherlands (8.3%)** | **Netherlands (8.3%)** |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;Adyen NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827803 | &nbsp;&nbsp;&nbsp;&nbsp; 1586467 |
|  | &nbsp;&nbsp;&nbsp;ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;1900635 | &nbsp;&nbsp;&nbsp;&nbsp; 1400273 |
|  | &nbsp;&nbsp;&nbsp;EXOR NV | &nbsp;&nbsp;&nbsp;&nbsp;4904457 | &nbsp;&nbsp;&nbsp;&nbsp; 472194 |
|  | &nbsp;&nbsp;&nbsp;Heineken NV | &nbsp;&nbsp;&nbsp;&nbsp;2906374 | &nbsp;&nbsp;&nbsp;&nbsp; 259285 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **3718219** |
| **Norway (0.4%)** | **Norway (0.4%)** | **Norway (0.4%)** | **Norway (0.4%)** |
|  | &nbsp;&nbsp;&nbsp;DNB Bank ASA | &nbsp;&nbsp;&nbsp;&nbsp;6968900 | &nbsp;&nbsp;&nbsp;&nbsp; 186389 |
| **Singapore (3.5%)** | **Singapore (3.5%)** | **Singapore (3.5%)** | **Singapore (3.5%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Sea Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;9741085 | &nbsp;&nbsp;&nbsp;&nbsp; 1562178 |
| **South Korea (2.4%)** | **South Korea (2.4%)** | **South Korea (2.4%)** | **South Korea (2.4%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Coupang Inc. | 36328346 | &nbsp;&nbsp;&nbsp;&nbsp; 1019010 |
|  | &nbsp;&nbsp;&nbsp;Samsung SDI Co. Ltd. (XKRX) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390293 | &nbsp;&nbsp;&nbsp;&nbsp; 47720 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1066730** |
| **Spain (1.1%)** | **Spain (1.1%)** | **Spain (1.1%)** | **Spain (1.1%)** |
|  | &nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria SA | 20620147 | &nbsp;&nbsp;&nbsp;&nbsp; 309549 |
|  | &nbsp;&nbsp;&nbsp;Iberdrola SA (XMAD) | &nbsp;&nbsp;&nbsp;&nbsp;9155947 | &nbsp;&nbsp;&nbsp;&nbsp; 167826 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **477375** |
| **Sweden (6.1%)** | **Sweden (6.1%)** | **Sweden (6.1%)** | **Sweden (6.1%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Spotify Technology SA | &nbsp;&nbsp;&nbsp;&nbsp;2621776 | &nbsp;&nbsp;&nbsp;&nbsp; 1743848 |
|  | &nbsp;&nbsp;&nbsp;Atlas Copco AB Class A | 47500725 | &nbsp;&nbsp;&nbsp;&nbsp; 762996 |
|  | &nbsp;&nbsp;&nbsp;Kinnevik AB Class B | 15093719 | &nbsp;&nbsp;&nbsp;&nbsp; 128305 |
|  | &nbsp;&nbsp;&nbsp;Svenska Handelsbanken AB Class A | &nbsp;&nbsp;&nbsp;&nbsp;7822847 | &nbsp;&nbsp;&nbsp;&nbsp; 104519 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2739668** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Market<br> Value<br> ($000)** |
| **Switzerland (4.8%)** | **Switzerland (4.8%)** | **Switzerland (4.8%)** | **Switzerland (4.8%)** |
|  | &nbsp;&nbsp;&nbsp;Galderma Group AG | &nbsp;&nbsp;&nbsp;&nbsp;3020690 | &nbsp;&nbsp;&nbsp;&nbsp; 396869 |
|  | &nbsp;&nbsp;&nbsp;Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;1222709 | &nbsp;&nbsp;&nbsp;&nbsp; 396093 |
|  | &nbsp;&nbsp;&nbsp;Cie Financiere Richemont SA Class A (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;1510087 | &nbsp;&nbsp;&nbsp;&nbsp; 284964 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;VAT Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638714 | &nbsp;&nbsp;&nbsp;&nbsp; 243676 |
|  | &nbsp;&nbsp;&nbsp;Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12380 | &nbsp;&nbsp;&nbsp;&nbsp; 199338 |
|  | &nbsp;&nbsp;&nbsp;Lonza Group AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255604 | &nbsp;&nbsp;&nbsp;&nbsp; 177365 |
|  | &nbsp;&nbsp;&nbsp;Belimo Holding AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170734 | &nbsp;&nbsp;&nbsp;&nbsp; 165203 |
|  | &nbsp;&nbsp;&nbsp;Alcon AG | &nbsp;&nbsp;&nbsp;&nbsp;1745217 | &nbsp;&nbsp;&nbsp;&nbsp; 150293 |
|  | &nbsp;&nbsp;&nbsp;Temenos AG (Registered) | &nbsp;&nbsp;&nbsp;&nbsp;1968080 | &nbsp;&nbsp;&nbsp;&nbsp; 146332 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2160133** |
| **Taiwan (6.0%)** | **Taiwan (6.0%)** | **Taiwan (6.0%)** | **Taiwan (6.0%)** |
|  | &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. (XTAI) | 84416000 | &nbsp;&nbsp;&nbsp;&nbsp; 2692365 |
| **United Kingdom (7.7%)** | **United Kingdom (7.7%)** | **United Kingdom (7.7%)** | **United Kingdom (7.7%)** |
|  | &nbsp;&nbsp;&nbsp;RELX plc | 12078694 | &nbsp;&nbsp;&nbsp;&nbsp; 650005 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Wise plc Class A | 40970054 | &nbsp;&nbsp;&nbsp;&nbsp; 607852 |
|  | &nbsp;&nbsp;&nbsp;Haleon plc | 48319126 | &nbsp;&nbsp;&nbsp;&nbsp; 269733 |
|  | &nbsp;&nbsp;&nbsp;Unilever plc (XLON) | &nbsp;&nbsp;&nbsp;&nbsp;3890536 | &nbsp;&nbsp;&nbsp;&nbsp; 247599 |
|  | &nbsp;&nbsp;&nbsp;AstraZeneca plc | &nbsp;&nbsp;&nbsp;&nbsp;1513215 | &nbsp;&nbsp;&nbsp;&nbsp; 221662 |
|  | &nbsp;&nbsp;&nbsp;Reckitt Benckiser Group plc | &nbsp;&nbsp;&nbsp;&nbsp;2597689 | &nbsp;&nbsp;&nbsp;&nbsp; 176584 |
|  | &nbsp;&nbsp;&nbsp;Diageo plc | &nbsp;&nbsp;&nbsp;&nbsp;6106747 | &nbsp;&nbsp;&nbsp;&nbsp; 165744 |
|  | &nbsp;&nbsp;&nbsp;Lloyds Banking Group plc | 154164223 | &nbsp;&nbsp;&nbsp;&nbsp; 160579 |
|  | &nbsp;&nbsp;&nbsp;GSK plc | &nbsp;&nbsp;&nbsp;&nbsp;7569869 | &nbsp;&nbsp;&nbsp;&nbsp; 153774 |
|  | &nbsp;&nbsp;&nbsp;Rio Tinto plc | &nbsp;&nbsp;&nbsp;&nbsp;2387929 | &nbsp;&nbsp;&nbsp;&nbsp; 141322 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Ocado Group plc | 35044929 | &nbsp;&nbsp;&nbsp;&nbsp; 124397 |
|  | &nbsp;&nbsp;&nbsp;Whitbread plc | &nbsp;&nbsp;&nbsp;&nbsp;2601803 | &nbsp;&nbsp;&nbsp;&nbsp; 101646 |
| <sup>\*,3,4,5</sup> | &nbsp;&nbsp;&nbsp;Brandtech Group Class A1 PP (Acquired 9/23/15, Cost $44,800) | 33633606 | &nbsp;&nbsp;&nbsp;&nbsp; 101237 |
| <sup>2</sup> | &nbsp;&nbsp;&nbsp;National Grid plc | &nbsp;&nbsp;&nbsp;&nbsp;7074676 | &nbsp;&nbsp;&nbsp;&nbsp; 100183 |
|  | &nbsp;&nbsp;&nbsp;Bunzl plc | &nbsp;&nbsp;&nbsp;&nbsp;3033959 | &nbsp;&nbsp;&nbsp;&nbsp; 97241 |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;ARM Holdings plc ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777900 | &nbsp;&nbsp;&nbsp;&nbsp; 96880 |
|  | &nbsp;&nbsp;&nbsp;Shell plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905604 | &nbsp;&nbsp;&nbsp;&nbsp; 30040 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **3446478** |
| **United States (10.9%)** | **United States (10.9%)** | **United States (10.9%)** | **United States (10.9%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;MercadoLibre Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879270 | &nbsp;&nbsp;&nbsp;&nbsp; 2253824 |
|  | &nbsp;&nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5223599 | &nbsp;&nbsp;&nbsp;&nbsp; 705865 |
|  | &nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1035390 | &nbsp;&nbsp;&nbsp;&nbsp; 476652 |
|  | &nbsp;&nbsp;&nbsp;Shell plc (XETR) | 11500265 | &nbsp;&nbsp;&nbsp;&nbsp; 381532 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Atlassian Corp. Ltd. Class A | &nbsp;&nbsp;&nbsp;&nbsp;1191458 | &nbsp;&nbsp;&nbsp;&nbsp; 247383 |
|  | &nbsp;&nbsp;&nbsp;Booking Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37998 | &nbsp;&nbsp;&nbsp;&nbsp; 209708 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Moderna Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6400778 | &nbsp;&nbsp;&nbsp;&nbsp; 170005 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Liberty Media Corp.-Liberty Formula One Class C | &nbsp;&nbsp;&nbsp;&nbsp;1702897 | &nbsp;&nbsp;&nbsp;&nbsp; 164381 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;Block Inc. (XNYS) | &nbsp;&nbsp;&nbsp;&nbsp;1665219 | &nbsp;&nbsp;&nbsp;&nbsp; 102827 |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;Mobileye Global Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;5227537 | &nbsp;&nbsp;&nbsp;&nbsp; 84948 |
|  | &nbsp;&nbsp;&nbsp;Ferguson Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381816 | &nbsp;&nbsp;&nbsp;&nbsp; 69620 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4866745** |
| **Total Common Stocks (Cost $28,628,158)** | **Total Common Stocks (Cost $28,628,158)** | **Total Common Stocks (Cost $28,628,158)** | &nbsp;&nbsp;&nbsp;&nbsp;**43439939** |
| **Preferred Stock (0.7%)** | **Preferred Stock (0.7%)** | **Preferred Stock (0.7%)** | **Preferred Stock (0.7%)** |
|  | &nbsp;&nbsp;&nbsp;Sartorius AG Preference Shares **(Cost $699,816**) | &nbsp;&nbsp;&nbsp;&nbsp;1349736 | &nbsp;&nbsp;&nbsp;&nbsp; **323771** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Temporary Cash Investments (2.4%)** | **Temporary Cash Investments (2.4%)** | **Temporary Cash Investments (2.4%)** | **Temporary Cash Investments (2.4%)** |
| **Money Market Fund (2.4%)** | **Money Market Fund (2.4%)** | **Money Market Fund (2.4%)** | **Money Market Fund (2.4%)** |
| <sup>6,7</sup> | &nbsp;&nbsp;&nbsp;Vanguard Market Liquidity Fund, 4.342% **(Cost $1,043,842)** | 10439601 | &nbsp;&nbsp;&nbsp;&nbsp; **1043856** |
| **Total Investments (100.5%) (Cost $30,371,816)** | **Total Investments (100.5%) (Cost $30,371,816)** | **Total Investments (100.5%) (Cost $30,371,816)** | &nbsp;&nbsp;&nbsp;&nbsp;**44807566** |
| **Other Assets and Liabilities—Net (-0.5%)** | **Other Assets and Liabilities—Net (-0.5%)** | **Other Assets and Liabilities—Net (-0.5%)** | &nbsp;&nbsp;&nbsp;&nbsp;**(202214)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | &nbsp;&nbsp;&nbsp;&nbsp;**44605352** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | 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 May 31, 2025, the aggregate value was $3,088,186, representing 6.9% of net assets. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $252,792. |
| 3 | Restricted securities totaling $108,869, representing 0.2% of net assets. |
| 4 | Security value determined using significant unobservable inputs. |
| 5 | Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company. |
| 6 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 7 | Collateral of $268,451 was received for securities on loan. |
|  | ADR—American Depositary Receipt. |
|  | PP—Private Placement. |

---

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts |  |  |  |  |
| MSCI EAFE Index | June 2025 | 1593 | 207448 | &nbsp;&nbsp;5231 |
| MSCI Emerging Markets Index | June 2025 | 1537 | 88324 | &nbsp;&nbsp;207 |
|  |  |  |  | &nbsp;&nbsp;5438 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts | Forward Currency Contracts |
| Counterparty | Contract<br> Settlement<br> Date | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Contract Amount (000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| Counterparty | Contract<br> Settlement<br> Date |  | &nbsp;&nbsp;&nbsp;Receive |  | &nbsp;&nbsp;&nbsp;Deliver | &nbsp;&nbsp;&nbsp;Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Unrealized<br> Depreciation<br> ($000) |
| Toronto-Dominion Bank | 6/18/25 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;9755 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;8910 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(373) |
| Citibank, N.A. | 6/18/25 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(1) |
| Deutsche Bank AG | 6/18/25 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;7861 | &nbsp;&nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;75569 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(30) |
| Citibank, N.A. | 6/18/25 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;7856 | &nbsp;&nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;75569 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(35) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(439) |

---

EUR—euro. <br> SEK—Swedish krona. <br> USD—U.S. dollar.

**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.** Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures
contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. The primary risks associated with the use of futures contracts are imperfect
correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a
regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing
brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement
of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

**D.** Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. Risks associated
with these types of forward currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the
contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master
netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund
cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty's default (including bankruptcy), the fund may terminate the forward currency
contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting
arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the
fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the
Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified
minimum transfer amount, is adjusted and settled within two business days.

Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an asset (liability).

**E.** Various inputs may be used to determine the value of the fund's investments and derivatives. 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 and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

The following table summarizes the market value of the fund's investments and derivatives as of May 31, 2025, 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—North and South America | &nbsp;&nbsp;&nbsp;6210327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;6591859 |
| Common Stocks—Other | &nbsp;&nbsp;&nbsp;5894173 | &nbsp;&nbsp;&nbsp;30845038 | &nbsp;&nbsp;&nbsp;108869 | &nbsp;&nbsp;&nbsp;36848080 |
| Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323771 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;1043856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1043856 |
| Total | 13148356 | &nbsp;&nbsp;&nbsp;31550341 | &nbsp;&nbsp;&nbsp;108869 | &nbsp;&nbsp;&nbsp;44807566 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | 5438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;5438 |
| Liabilities |  |  |  |  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(439) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(439) |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

------

**F.** 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 |  |
|  | Aug. 31,<br> 2024<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) | May. 31,<br> 2025<br> Market<br> Value<br> ($000) |
| Brandtech Group Class A | &nbsp;&nbsp;&nbsp;216937 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (115700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;101237 |
| Elastic NV | &nbsp;&nbsp;&nbsp;431110 | &nbsp;&nbsp;&nbsp;&nbsp;— | 487019 | &nbsp;&nbsp;&nbsp;42271 | &nbsp;&nbsp;&nbsp;&nbsp;13638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Jumia Technologies AG ADR | &nbsp;&nbsp;&nbsp;&nbsp;33221 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;12082 | &nbsp;&nbsp;(85428) | &nbsp;&nbsp;&nbsp;&nbsp;64289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Vanguard Market Liquidity Fund | &nbsp;&nbsp;&nbsp;813223 | NA<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NA<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32) | 25173 |  | 1043856 |
| Wix.com Ltd. | &nbsp;&nbsp;&nbsp;591226 | &nbsp;&nbsp;&nbsp;&nbsp;— | 412256 | 206855 | (181841) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NA<sup>2</sup> |
| Total | 2085717 | &nbsp;&nbsp;&nbsp;&nbsp;— | 911357 | 163678 | (219646) | 25173 |  | 1145093 |

---

1 Not applicable—purchases and sales are for temporary cash investment purposes. <br> 2 Not applicable—at May 31, 2025, the security was still held, but the issuer was no longer an affiliated company of the fund.

## 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 WORLD FUND

- **b. Investment Company Act file number:** 811-01027

- **c. CIK number of Registrant:** 0000052848

- **d. LEI of Registrant:** 549300MP6BT0L4Q61L10

- **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 GROWTH FUND

- **b. EDGAR series identifier (if any):** S000004453

- **c. LEI of Series:** XU56S9DGXUXG42DFRI34

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $44918495427.28

**Total Liabilities:** $311259160.84

**Net Assets:** $44607236266.44

**Cash Not Reported:** $86416302.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012228 | -5.46%               | 2.93%                | 6.84%                |
| Class ID C000012229 | -5.45%               | 2.94%                | 6.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $450117640.06            | $-2923737385.27                            |
| Month 2  | $-644880938.46           | $1798814786.55                             |
| Month 3  | $162920452.22            | $2597572465.53                             |

### Schedule of Portfolio Investments

| Name                                              | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adyen NV                                          | ADYEN NV                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |    827803 | NS      | $1586466722.44 | 3.56%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Delivery Hero SE                                  | DELIVERY HERO SE                           | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |   8209895 | NS      | $226973559.64  | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Brandtech Group Ltd/The                           | THE BRANDTECH GROUP LLC                    | CUSIP: N/A<br>LEI: 5493001ZSPIU8EIY2M93       | Long             | EC               | CORP              | US        |  33633606 | NS      | $101237153.05  | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lonza Group AG                                    | LONZA GROUP -REG                           | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |    255604 | NS      | $177364967.23  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Kokusai Electric Corp                             | KOKUSAI ELECTRIC                           | CUSIP: N/A<br>LEI: 549300CDY6N3WKYK2I96       | Long             | EC               | CORP              | JP        |   2974700 | NS      | $61227390.09   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                        | DISCO CORP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1278400 | NS      | $286375673.64  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                         | WUXI BIOLOGICS C                           | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | HK        |  66043000 | NS      | $208593485.60  | 0.47%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Reliance Industries Ltd                           | RELIANCE INDS                              | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |  14545977 | NS      | $241930527.96  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                                  | PDD HOLDINGS INC                           | CUSIP: N/A<br>LEI: 5493000573DS7005T657       | Long             | EC               | CORP              | US        |   5396238 | NS      | $520790929.38  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                                         | BUNZL PLC                                  | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |   3033959 | NS      | $97241480.83   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                | MITSUBISHI UFJ F                           | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |  29348000 | NS      | $410528683.98  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc                | MS&AD INSURANCE                            | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |   9919000 | NS      | $236255261.33  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Zealand Pharma A/S                                | ZEALAND PHARMA A                           | CUSIP: N/A<br>LEI: 549300ITBB1ULBL4CZ12       | Long             | EC               | CORP              | DK        |   1275194 | NS      | $88640260.13   | 0.20%             |  |  |  | No            |                  2 | On Loan: —       |
| Unilever PLC                                      | UNILEVER PLC                               | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   3890536 | NS      | $247598854.82  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp                                    | ATLASSIAN CORP-A                           | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |   1191458 | NS      | $247382424.54  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                           | LULULEMON ATH                              | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |    142035 | NS      | $44978223.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                                      | VAT GROUP AG                               | CUSIP: N/A<br>LEI: 529900MVFK7NVALR7Y83       | Long             | EC               | CORP              | CH        |    638714 | NS      | $243676478.94  | 0.55%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Temenos AG                                        | TEMENOS AG-REG                             | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |   1968080 | NS      | $146332291.14  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                | BBVA                                       | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |  20620147 | NS      | $309548722.04  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                           | VESTAS WIND SYST                           | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |   9576720 | NS      | $151458263.98  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   1035390 | NS      | $476652140.40  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                        | LEGRAND SA                                 | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |   1746141 | NS      | $212079196.52  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                         | TORONTO-DOM BANK                           | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |   3985502 | NS      | $275225725.61  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG            | CHOCOLADEFABR-PC                           | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |     12380 | NS      | $199337823.34  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SOITEC                                            | SOITEC                                     | CUSIP: N/A<br>LEI: 969500ZR92SQCU9TST26       | Long             | EC               | CORP              | FR        |    977460 | NS      | $48201848.34   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                          | FERGUSON ENTERPR                           | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    381816 | NS      | $69620329.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                        | L'OREAL                                    | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |   1064559 | NS      | $450590894.37  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd                             | FAST RETAILING                             | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |     37200 | NS      | $12390922.48   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | TSMC                                       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |  84416000 | NS      | $2692364858.90 | 6.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                          | SMC CORP                                   | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |    246400 | NS      | $92390563.44   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                             | DAIKIN INDS                                | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |    642200 | NS      | $73069918.23   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                         | ARGENX SE                                  | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | BE        |    824352 | NS      | $472990408.77  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                                    | ADVANTEST CORP                             | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |  11058200 | NS      | $559281588.21  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                          | LLOYDS BANKING                             | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        | 154164223 | NS      | $160578610.22  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                        | GENMAB A/S                                 | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |    922597 | NS      | $194630661.78  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |   2847901 | NS      | $284761644.98  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                    | NU HOLDINGS LT-A                           | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | US        |  69087281 | NS      | $829738244.81  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                     | AIA                                        | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |  55144800 | NS      | $459032091.99  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                         | SANOFI                                     | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |   1560009 | NS      | $154504684.81  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinnevik AB                                       | KINNEVIK AB - B                            | CUSIP: N/A<br>LEI: 2138006PZH76JOS6MN27       | Long             | EC               | CORP              | SE        |  15093719 | NS      | $128305157.36  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co Ltd                        | FULL TRUCK A-ADR                           | CUSIP: N/A<br>LEI: 984500884LB1DP8DAC57       | Long             | EC               | CORP              | US        |  12227700 | NS      | $142208151.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                   | SONY GROUP CORP                            | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |  12399500 | NS      | $331884130.31  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                        | FERRARI NV                                 | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |   1603006 | NS      | $767255769.55  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp                                  | BRIDGESTONE CORP                           | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |   2992400 | NS      | $128478839.78  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                         | KDDI CORP                                  | CUSIP: J31843105<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |  11663000 | NS      | $201892470.56  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                          | BANK CENTRAL ASI                           | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        | 300623400 | NS      | $173427310.51  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                      | GANFENG LITHIU-H                           | CUSIP: N/A<br>LEI: 3003006BE6UOHWEOOR42       | Long             | EC               | CORP              | HK        |  26358400 | NS      | $64250784.18   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp                            | FUJIFILM HOLDING                           | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |   6227100 | NS      | $140562488.10  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co Ltd                                | SAMSUNG SDI CO                             | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |    390293 | NS      | $47719992.51   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20250618                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-373526.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                                          | WISE PLC - A                               | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |  40970054 | NS      | $607852005.96  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                        | HALEON PLC                                 | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  48319126 | NS      | $269732905.52  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                      | CAN NATL RAILWAY                           | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |   1253467 | NS      | $131763143.09  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Technologies Pvt Ltd                          | ANI TECHNOLOGIES                           | CUSIP: N/A<br>LEI: 3358005EI53EZBOISD56       | Long             | EC               | CORP              | IN        |    166185 | NS      | $7631984.22    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocado Group PLC                                   | OCADO GROUP PLC                            | CUSIP: N/A<br>LEI: 213800LO8F61YB8MBC74       | Long             | EC               | CORP              | GB        |  35044929 | NS      | $124397414.92  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                  | RAIADROGASIL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |  22310489 | NS      | $57926525.33   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                                      | PRYSMIAN SPA                               | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |   2872017 | NS      | $184705275.04  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                            | UCB SA                                     | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |    943508 | NS      | $171642591.45  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                               | WISETECH GLOBAL                            | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |   9952755 | NS      | $687667564.61  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | EUR/USD FWD 20250618                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-480.26       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                       | FINECOBANK SPA                             | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |  10924663 | NS      | $236256275.69  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                             | SCHNEIDER ELECTR                           | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |   1346474 | NS      | $339730974.73  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                     | HDFC BANK LTD                              | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |  26977590 | NS      | $615629854.40  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                      | IBERDROLA SA                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |   9155947 | NS      | $167826266.69  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                          | HERMES INTL                                | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |    231028 | NS      | $637062591.86  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd             | CHECK POINT SOFT                           | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | US        |    428297 | NS      | $98028617.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd               | SHENZHEN INOVA-A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |  12775614 | NS      | $116266554.47  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                          | RELX PLC                                   | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |  12078694 | NS      | $650004707.65  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                              | BOOKING HOLDINGS                           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     37998 | NS      | $209708302.14  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc                               | MOBILEYE GLOBA-A                           | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5227537 | NS      | $84947476.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| DSV A/S                                           | DSV A/S                                    | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |   3319291 | NS      | $781641558.75  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                                           | EXOR NV                                    | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |   4904457 | NS      | $472194068.57  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                      | KEYENCE CORP                               | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |   1373400 | NS      | $574864212.57  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        | 704220088 | NS      | $704149666.42  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                        | DIAGEO PLC                                 | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |   6106747 | NS      | $165744586.84  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                           | RECRUIT HOLDINGS                           | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |   2280000 | NS      | $135797217.16  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                       | CIE FINANCI-REG                            | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |   1510087 | NS      | $284964018.70  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING-R                           | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |    170734 | NS      | $165202950.70  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                       | HEINEKEN NV                                | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |   2906374 | NS      | $259284928.59  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EmgMkt       Jun25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      1537 | NC      | $207078.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                       | RECKITT BENCKISE                           | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |   2597689 | NS      | $176584507.09  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                       | WIX.COM LTD                                | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | US        |   1369480 | NS      | $203984046.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | SEK/USD FWD 20250618                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-35868.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                           | GSK PLC                                    | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   7569869 | NS      | $153773827.55  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                          | ALCON INC                                  | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |   1745217 | NS      | $150292667.90  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                          | SVENSKA HAN-A                              | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |   7822847 | NS      | $104518963.35  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Flipkart Online Services Pvt Ltd                  | Flipkart H Series Private - Dummy for ABOR | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    114190 | NS      | $135886.10     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DNB Bank ASA                                      | DNB BANK ASA                               | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |   6968900 | NS      | $186388826.16  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | SEK/USD FWD 20250618                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-30454.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARM Holdings PLC                                  | ARM HOLDINGS PLC                           | CUSIP: N/A<br>LEI: 2138001E66EELTE7Y904       | Long             | EC               | CORP              | US        |    777900 | NS      | $96879666.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Block Inc                                         | BLOCK INC                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |   1665219 | NS      | $102827273.25  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                                  | SBI HOLDINGS INC                           | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |   4470400 | NS      | $135388653.78  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                   | ASTRAZENECA PLC                            | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |   1513215 | NS      | $221661713.01  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd            | CONTEMPORARY A-A                           | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |   3428659 | NS      | $118396599.54  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                           | SEA LTD-ADR                                | CUSIP: N/A<br>LEI: 529900OM6JLLW44YKI15       | Long             | EC               | CORP              | US        |   9741085 | NS      | $1562177801.45 | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One            | LIBERTY MEDIA CO                           | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1702897 | NS      | $164380647.41  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                                      | SARTORIUS AG-PFD                           | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |   1349736 | NS      | $323771018.00  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | MSCI EAFE         Jun25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      1593 | NC      | $5231412.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                    | ATLAS COPCO-A                              | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |  47500725 | NS      | $762996184.17  | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Flipkart Online Services Pvt Ltd                  | Flipkart G Series Private - Dummy for ABOR | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    284847 | NS      | $284847.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rio Tinto PLC                                     | RIO TINTO PLC                              | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |   2387929 | NS      | $141322343.18  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                              | TENCENT                                    | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | HK        |  12313800 | NS      | $776294241.36  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                  | MERCADOLIBRE INC                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |    879270 | NS      | $2253823998.30 | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                        | BYD COMPANY                                | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | HK        |  28265500 | NS      | $1404739079.26 | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                                       | SHOPIFY INC - A                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |   4014742 | NS      | $430460637.24  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp                                       | ITOCHU CORP                                | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |   3585600 | NS      | $190309991.85  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                                       | TERUMO CORP                                | CUSIP: J83173104<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |   5616100 | NS      | $103093646.26  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                                       | SHIMANO INC                                | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |    419500 | NS      | $59432503.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                  | NOVO NORDISK-B                             | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   8300646 | NS      | $589742672.25  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                             | SPOTIFY TECHNOLO                           | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |   2621776 | NS      | $1743848088.64 | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambu A/S                                          | AMBU A/S-B                                 | CUSIP: N/A<br>LEI: 5299008W2A69WX355710       | Long             | EC               | CORP              | DK        |  12838019 | NS      | $198300578.75  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                                       | COUPANG INC                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |  36328346 | NS      | $1019010105.30 | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                     | BEIERSDORF AG                              | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |   1193350 | NS      | $163686107.73  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                 | TENCENT MUSI-ADR                           | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | US        |   9957944 | NS      | $167691776.96  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                               | ERSTE GROUP BANK                           | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |   3827980 | NS      | $308265315.90  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                          | INFINEON TECH                              | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |   6102464 | NS      | $237262116.29  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                                 | GALDERMA GROUP A                           | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |   3020690 | NS      | $396868521.81  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA CORP                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   5223599 | NS      | $705864932.87  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                   | ASML HOLDING NV                            | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |   1900635 | NS      | $1400273253.86 | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                           | MEITUAN-W                                  | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | HK        |  43841668 | NS      | $758225922.63  | 1.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Whitbread PLC                                     | WHITBREAD PLC                              | CUSIP: G9606P197<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |   2601803 | NS      | $101645649.97  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Moderna Inc                                       | MODERNA INC                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |   6400778 | NS      | $170004663.68  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                            | SAP SE                                     | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |   1888850 | NS      | $571414935.97  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                        | SIEMENS AG-REG                             | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    880712 | NS      | $211831673.10  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                 | NATIONAL GRID PL                           | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   7074676 | NS      | $100182638.78  | 0.22%             |  |  |  | No            |                  2 | On Loan: —       |
| MakeMyTrip Ltd                                    | MAKEMYTRIP LTD                             | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | US        |   3341072 | NS      | $339553147.36  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                         | SHELL PLC                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | DE        |  11500265 | NS      | $381532365.85  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA                            | BRUNELLO CUCINEL                           | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |   1398605 | NS      | $172365695.37  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                  | ROCHE HLDG-GENUS                           | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |   1222709 | NS      | $396093032.76  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                         | SHELL PLC                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | NL        |    905604 | NS      | $30040438.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                       | BMW AG                                     | CUSIP: D12096109<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |   3141893 | NS      | $278752019.18  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                               | ESSILORLUXOTTICA                           | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |    369736 | NS      | $102732351.30  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** VANGUARD WORLD FUND

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer