# EDGAR Filing Document

**Accession Number:** 0000313850
**File Stem:** 0001752724-25-163064
**Filing Date:** 2025-6
**Character Count:** 6344
**Document Hash:** bdc64292d881945b60ec832ee03eaab6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-163064.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-163064

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20251031

**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:** 251090656

**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 Diversified Equity Fund (Series ID: S000011877)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000032457 | Investor Shares | VDEQX           |

## 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 DIVERSIFIED EQUITY FUND

- **b. EDGAR series identifier (if any):** S000011877

- **c. LEI of Series:** WNA1XO2D6S4XZ27ZD216

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2578658773.23

**Total Liabilities:** $750348.56

**Net Assets:** $2577908424.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032457 | -3.04%               | -6.49%               | -0.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2754708.65              | $-91882158.69                              |
| Month 2  | $-383056.89              | $-182222655.06                             |
| Month 3  | $-1690566.00             | $-5196914.05                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard Windsor II Fund                          | VANG-WNDS II-INV               | CUSIP: 922018205<br>LEI: EPRUJCUS7VDM55UDW365 | Long             | EC               | CORP              | US        |   9070284 | NS      | $390022216.26 | 15.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard US Growth Fund                           | VANG-US GR-INV                 | CUSIP: 921910105<br>LEI: 4IESARCYK2P68FL7C831 | Long             | EC               | CORP              | US        |  11749915 | NS      | $775141900.86 | 30.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Growth and Income Fund                   | VANG-GR & IN-INV               | CUSIP: 921913109<br>LEI: BZQEUHY2KE1ZMR7IWO60 | Long             | EC               | CORP              | US        |   8849716 | NS      | $524699644.21 | 20.35%            |  |  |  | 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        |         0 | NS      | $1.50         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Windsor Fund                             | VANG-WNDSR-INV                 | CUSIP: 922018106<br>LEI: L08WJCIQZ7NZJX1TTO71 | Long             | EC               | CORP              | US        |  25294509 | NS      | $511202024.69 | 19.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap Growth Fund                      | VANG-M/C GR-INV                | CUSIP: 921946307<br>LEI: 67SKFI1ABVSKU3EAVL39 | Long             | EC               | CORP              | US        |   5100748 | NS      | $126243519.76 | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Explorer Fund                            | VANG-EXPL-INV                  | CUSIP: 921926101<br>LEI: HU38GZ7YQSV1LSOPIX38 | Long             | EC               | CORP              | US        |   2447172 | NS      | $251348990.82 | 9.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer