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Nordisk A/S 549300DAQ1CVT6CXN342 NOVO NORDISK-B K72807132 3288719.00000000 NS 375915260.80000000 5.871219744549 Long EC CORP DK N 2 N N N Chiba Bank Ltd/The FGJPAKKCTZVSKZXNBS63 CHIBA BANK LTD N/A 1129100.00000000 NS 8366932.26000000 0.130678647580 Long EC CORP JP N 2 N N N Infosys Ltd 335800TYLGG93MM7PR89 INFOSYS LTD-ADR N/A 1470295.00000000 NS USD 29200058.70000000 0.456060125935 Long EC CORP US N 1 N N N Sekisui Jushi Corp N/A SEKISUI JUSHI J70789110 47200.00000000 NS 812967.02000000 0.012697297814 Long EC CORP JP N 2 N N N Computershare Ltd N/A COMPUTERSHARE LT N/A 896128.00000000 NS 14842789.55000000 0.231821604913 Long EC CORP AU N 2 N N N Interpump Group SpA 815600C79D0F31F4D395 INTERPUMP SPA N/A 127193.00000000 NS 6287336.35000000 0.098198549428 Long EC CORP IT N 2 N N N Imperial Oil Ltd 549300JZNB745JT5WY51 IMPERIAL OIL 453038408 250973.00000000 NS 14476519.13000000 0.226101022787 Long EC CORP CA N 1 N N N Astral Ltd 3358007M1SKFTVDRMC40 ASTRAL LTD N/A 184042.00000000 NS 4054700.13000000 0.063328196388 Long EC CORP IN N 2 N N N Geberit AG 52990093Z5OHD6T7BS47 GEBERIT AG-REG H2942E124 52265.00000000 NS 30085217.61000000 0.469884950334 Long EC CORP CH N 2 N N N Givaudan SA 213800SVRMQA1TD91D41 GIVAUDAN-REG H3238Q102 12404.00000000 NS 51582513.81000000 0.805639741547 Long EC CORP CH N 2 N N N Persistent Systems Ltd 3358006QYD77Z66S1J89 PERSISTENT SYS Y68031106 79063.00000000 NS 7934917.24000000 0.123931235650 Long EC CORP IN N 2 N N N Sonic Healthcare Ltd 549300NQQ5L2NONWR862 SONIC HEALTHCARE N/A 741122.00000000 NS 15452542.53000000 0.241345011140 Long EC CORP AU N 2 N N N Spectris PLC 213800Z4CO2CZO3M3T10 SPECTRIS PLC G8338K104 167086.00000000 NS 7778422.59000000 0.121487029270 Long EC CORP GB N 2 N N N SCSK Corp 529900SNGFXMSUBB7864 SCSK CORP J70081104 235300.00000000 NS 4620027.62000000 0.072157744607 Long EC CORP JP N 2 N N N COMSYS Holdings Corp 529900BXEDA1UA6QX260 COMSYS HOLDINGS N/A 179400.00000000 NS 3927979.30000000 0.061349011405 Long EC CORP JP N 2 N N N Diploma PLC 2138008OGI7VYG8FGR19 DIPLOMA PLC G27664112 209156.00000000 NS 8621773.62000000 0.134658878713 Long EC CORP GB N 2 N N N Asahi Group Holdings Ltd 353800KAJ02XNHLCJW79 ASAHI GROUP HOLD J02100113 791043.00000000 NS 29401460.46000000 0.459205712489 Long EC CORP JP N 2 N N N Fujicco Co Ltd N/A FUJICCO CO LTD J13965108 43534.00000000 NS 597523.60000000 0.009332402070 Long EC CORP JP N 2 N N N Wihlborgs Fastigheter AB 549300RC1YDJPITF8X06 WIHLBORGS FASTIG W9899F163 416846.00000000 NS 3726458.56000000 0.058201566566 Long EC CORP SE N 2 N N N N/A N/A MSCI EmgMkt Mar24 N/A 113.00000000 NC USD -127917.43000000 -0.00199787403 N/A DE N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long MSCI EM MXEF 2024-03-15 5669437.43000000 USD -127917.43000000 N N N Washington H Soul Pattinson & Co Ltd 549300G2Q3P6ZVNC1465 WASHINGTON H. SO Q85717108 382565.00000000 NS 8551534.00000000 0.133561843592 Long EC CORP AU N 2 N N N ITC Ltd 335800WLOU3OFWFTMP43 ITC LTD Y4211T171 4670539.00000000 NS 24828978.34000000 0.387790555660 Long EC CORP IN N 2 N N N Takeuchi Manufacturing Co Ltd N/A TAKEUCHI MFG CO N/A 55700.00000000 NS 1904258.17000000 0.029741591609 Long EC CORP JP N 2 N N N Valiant Co Ltd 300300X9EWQN2SPPY217 VALIANT CO LTD-A N/A 109100.00000000 NS 194900.65000000 0.003044049188 Long EC CORP CN N 2 N N N Maruwa Co Ltd/Aichi 3538009BXGIG8PFXNI29 MARUWA CO LTD N/A 12900.00000000 NS 2581107.88000000 0.040312945836 Long EC CORP JP N 2 N N N NP3 Fastigheter AB 549300MGVITW8GYJHZ50 NP3 FASTIGHE AB N/A 47566.00000000 NS 937088.62000000 0.014635886812 Long EC CORP SE N 2 N N N Nippon Telegraph & Telephone Corp 353800VHQU5VIXVUA841 NIPPON TELEGRAPH J59396101 46659343.00000000 NS 58592699.18000000 0.915128083866 Long EC CORP JP N 2 N N N Fujitsu General Ltd N/A FUJITSU GENERAL N/A 99300.00000000 NS 1454958.08000000 0.022724213400 Long EC CORP JP N 2 N N N Nitori Holdings Co Ltd N/A NITORI HOLDINGS J58214131 136001.00000000 NS 17800046.77000000 0.278009426452 Long EC CORP JP N 2 N N N Noevir Holdings Co Ltd N/A NOEVIR HOLDING C J5877N108 23000.00000000 NS 817667.26000000 0.012770708353 Long EC CORP JP N 2 N N N SAP SE 529900D6BF99LW9R2E68 SAP SE D66992104 1593263.00000000 NS 276027357.37000000 4.311123914409 Long EC CORP DE N 2 N N N Kurita Water Industries Ltd 52990086GS2ON69UMX34 KURITA WATER IND J37221116 165800.00000000 NS 6055185.91000000 0.094572715659 Long EC CORP JP N 2 N N N Goldwin Inc N/A GOLDWIN INC J17472101 60100.00000000 NS 4042884.07000000 0.063143647656 Long EC CORP JP N 2 N N N Ai Holdings Corp N/A AI HOLDINGS CORP J0060P101 57770.00000000 NS 969787.44000000 0.015146592223 Long EC CORP JP N 2 N N N Inner Mongolia Dian Tou Energy Corp Ltd N/A INNER MONGOLIA-A N/A 271000.00000000 NS 558163.67000000 0.008717660339 Long EC CORP CN N 2 N N N Sundrug Co Ltd N/A SUNDRUG CO LTD J78089109 110324.00000000 NS 3327402.54000000 0.051968923659 Long EC CORP JP N 2 N N N Croda International PLC 2138004WCNBFJEEOXV26 CRODA INTL. G25536155 222395.00000000 NS 13460815.75000000 0.210237294013 Long EC CORP GB N 2 N N N Magna International Inc 95RWVLFZX6VGDZNNTN43 MAGNA INTL 559222401 415764.00000000 NS 23629385.43000000 0.369054754502 Long EC CORP CA N 1 N N N Deutsche Boerse AG 529900G3SW56SHYNPR95 DEUTSCHE BOERSE N/A 296858.00000000 NS 59116210.16000000 0.923304522342 Long EC CORP DE N 2 N N N Badger Infrastructure Solutions Ltd 254900BS2WTIBXVDKM03 BADGER INFRASTRU 056533102 53439.00000000 NS 1857019.66000000 0.029003798543 Long EC CORP CA N 1 N N N Brookfield Corp C6J3FGIWG6MBDGTE8F80 BROOKFIELD CORP 11271J107 2234366.00000000 NS 88679958.17000000 1.385044917424 Long EC CORP CA N 1 N N N Metro Inc/CN 549300KQ7DCG4IXSNW78 METRO INC/CN 59162N109 357298.00000000 NS 18759839.21000000 0.292999912107 Long EC CORP CA N 1 N N N Okinawa Cellular Telephone Co N/A OKINAWA CELLULAR N/A 33567.00000000 NS 817945.76000000 0.012775058096 Long EC CORP JP N 2 N N N Hulic Co Ltd 3538002E12E7IHAKTB10 HULIC CO LTD N/A 931075.00000000 NS 10281251.12000000 0.160577371735 Long EC CORP JP N 2 N N N Workman Co Ltd N/A WORKMAN CO LTD N/A 36026.00000000 NS 1029879.46000000 0.016085137398 Long EC CORP JP N 2 N N Sofina SA 5493000GMVR38VUO5D39 SOFINA B80925124 24650.00000000 NS 5895371.86000000 0.092076665342 Long EC CORP BE N 2 N N N N/A N/A S&P500 EMINI FUT Mar24 N/A 15.00000000 NC USD 74037.75000000 0.001156356085 N/A DE N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long S&P 500 Index SPX 2024-03-15 3578837.25000000 USD 74037.75000000 N N N Kameda Seika Co Ltd N/A KAMEDA SEIKA CO N/A 23400.00000000 NS 664573.15000000 0.010379613191 Long EC CORP JP N 2 N N N Matsuda Sangyo Co Ltd 3538005JX81V3H77VM68 MATSUDA SANGYO N/A 22300.00000000 NS 415028.98000000 0.006482116040 Long EC CORP JP N 2 N N N Tokyo Century Corp 35380096ZLHOF84DXR74 TOKYO CENTURY CO J8671Q103 295400.00000000 NS 3282302.37000000 0.051264528184 Long EC CORP JP N 2 N N N Loblaw Cos Ltd 5493008LN3O1DIDTSH67 LOBLAW COS LTD 539481101 230620.00000000 NS 23045704.19000000 0.359938548861 Long EC CORP CA N 1 N N N Nippon Sanso Holdings Corp 353800F1K6653B4VPY57 NIPPON SANSO HOL N/A 330100.00000000 NS 8364505.51000000 0.130640745467 Long EC CORP JP N 2 N N N Dollarama Inc 5493002GJ0NJP1HI0C79 DOLLARAMA INC 25675T107 439509.00000000 NS 32255831.78000000 0.503786614091 Long EC CORP CA N 1 N N N Tri Chemical Laboratories Inc 353800S3OPTEAPIHHJ16 TRI CHEMICAL LAB N/A 41700.00000000 NS 1028348.48000000 0.016061225839 Long EC CORP JP N 2 N N N Sundaram Finance Ltd 335800QM6HEH82BEJY45 SUNDARAM FINANCE Y8210G114 106100.00000000 NS 4551830.75000000 0.071092614107 Long EC CORP IN N 2 N N N Huhtamaki Oyj 5493007050SJVMXN6L29 HUHTAMAKI OYJ X33752100 149477.00000000 NS 5866665.56000000 0.091628316970 Long EC CORP FI N 2 N N N UltraTech Cement Ltd 335800PC9O9B4BQHG814 ULTRATECH CEMENT N/A 180105.00000000 NS 22021795.55000000 0.343946666513 Long EC CORP IN N 2 N N N Tsurumi Manufacturing Co Ltd 35380026XBX2I2OGQE92 TSURUMI MFG CO N/A 31867.00000000 NS 785742.98000000 0.012272100069 Long EC CORP JP N 2 N N N Murata Manufacturing Co Ltd 529900QZG6DL8ZRI7140 MURATA MFG CO N/A 2942200.00000000 NS 59409266.17000000 0.927881607690 Long EC CORP JP N 2 N N N Technology One Ltd 875500YEWBJIM91P9N12 TECHNOLOGY ONE Q89275103 465272.00000000 NS 4753773.93000000 0.074246656811 Long EC CORP AU N 2 N N N Kissei Pharmaceutical Co Ltd N/A KISSEI PHARM CO J33652108 78600.00000000 NS 1678342.59000000 0.026213136789 Long EC CORP JP N 2 N N N Halma PLC 2138007FRGLUR9KGBT40 HALMA PLC G42504103 592504.00000000 NS 16399980.81000000 0.256142543766 Long EC CORP GB N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 ROCHE HLDG-GENUS H69293217 799295.00000000 NS 227572358.47000000 3.554331158355 Long EC CORP CH N 2 N N N Tokyo Steel Manufacturing Co Ltd N/A TOKYO STEEL MFG N/A 116900.00000000 NS 1411930.40000000 0.022052187040 Long EC CORP JP N 2 N N N Infosys Ltd 335800TYLGG93MM7PR89 INFOSYS LTD Y4082C133 4096455.00000000 NS 81667648.17000000 1.275523391644 Long EC CORP IN N 2 N N N Rinnai Corp N/A RINNAI CORP J65199101 182052.00000000 NS 4124541.50000000 0.064419011456 Long EC CORP JP N 2 N N N Zenkoku Hosho Co Ltd 353800VOQEKTSCSL9O03 ZENKOKU HOSHO N/A 90600.00000000 NS 3371537.23000000 0.052658239817 Long EC CORP JP N 2 N N N Alfresa Holdings Corp N/A ALFRESA HOLDINGS J0109X107 314100.00000000 NS 5150910.41000000 0.080449319448 Long EC CORP JP N 2 N N N N/A N/A MSCI EAFE Mar24 N/A 161.00000000 NC USD -132010.95000000 -0.00206180854 N/A DE N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long MSCI EAFE MXEA 2024-03-15 18107660.95000000 USD -132010.95000000 N N N Riken Keiki Co Ltd N/A RIKEN KEIKI N/A 34400.00000000 NS 1699589.84000000 0.026544986242 Long EC CORP JP N 2 N N N Open House Group Co Ltd 529900WQOGPBIJEHW865 OPEN HOUSE GROUP N/A 112800.00000000 NS 3527495.06000000 0.055094061893 Long EC CORP JP N 2 N N N 2024-04-01 VANGUARD WHITEHALL FUNDS Ashley Grim Ashley Grim Treasurer XXXX NPORT-EX 2 vg_internationdivapprec.htm
Vanguard® International Dividend Appreciation Index Fund
Schedule of Investments (unaudited)
As of January 31, 2024
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Shares Market
Value
($000)
Common Stocks (99.4%)
Australia (4.0%)
  CSL Ltd. 754,914 148,248
  Sonic Healthcare Ltd. 741,122 15,453
  Northern Star Resources Ltd. 1,794,638 15,394
  Computershare Ltd. (XASX) 896,128 14,843
  CAR Group Ltd. 589,160 12,650
  Washington H Soul Pattinson & Co. Ltd. 382,565 8,551
  Steadfast Group Ltd. 1,711,238 6,621
  Altium Ltd. 191,928 6,166
  Cleanaway Waste Management Ltd. 3,483,785 5,898
  Pro Medicus Ltd. 81,582 5,375
  Technology One Ltd. 465,272 4,754
  AUB Group Ltd. 156,343 3,111
  Brickworks Ltd. 135,765 2,591
  Bapcor Ltd. 526,054 1,926
  Collins Foods Ltd. 172,754 1,354
      252,935
Belgium (0.4%)
  UCB SA 189,131 17,791
  Sofina SA 24,650 5,895
      23,686
Canada (15.5%)
  Toronto-Dominion Bank 2,855,730 173,474
  Canadian National Railway Co. 911,734 113,101
  Canadian Natural Resources Ltd. 1,692,896 108,339
  Brookfield Corp. 2,234,366 88,680
  Alimentation Couche-Tard Inc. 1,144,574 67,068
  Intact Financial Corp. 278,820 43,603
  Agnico Eagle Mines Ltd. 775,058 38,094
  Franco-Nevada Corp. 299,965 32,454
  Dollarama Inc. 439,509 32,256
  Fortis Inc. (XTSE) 762,790 30,603
  Magna International Inc. 415,764 23,629
  Loblaw Cos. Ltd. 230,620 23,046
  Brookfield Asset Management Ltd. Class A 542,526 21,815
  Metro Inc. 357,298 18,760
  Open Text Corp. 423,858 18,484
  TFI International Inc. 125,532 16,498
  Imperial Oil Ltd. 250,973 14,477
  Stantec Inc. 173,243 13,921
  George Weston Ltd. 94,570 12,049
  Toromont Industries Ltd. 128,419 11,248
  TMX Group Ltd. 433,282 10,716

    Shares Market
Value
($000)
  CCL Industries Inc. Class B 225,429 9,648
1 Canadian Tire Corp. Ltd. Class A 81,565 8,669
  Saputo Inc. 382,364 7,884
  Parkland Corp. 217,413 7,419
  Boyd Group Services Inc. 33,593 7,221
  Finning International Inc. 229,092 6,630
  Empire Co. Ltd. Class A 240,340 6,228
  Quebecor Inc. Class B 240,649 5,851
  Stella-Jones Inc. 77,825 4,604
  Premium Brands Holdings Corp. 57,652 3,945
  goeasy Ltd. 20,235 2,305
  Maple Leaf Foods Inc. 111,965 2,135
  Enghouse Systems Ltd. 67,459 1,877
  Badger Infrastructure Solutions Ltd. 53,439 1,857
  Cogeco Communications Inc. 35,768 1,651
  Savaria Corp. 86,560 1,040
  Adentra Inc. 27,648 651
      991,930
China (0.3%)
  CSPC Pharmaceutical Group Ltd. 13,024,000 9,582
  Wuliangye Yibin Co. Ltd. Class A 484,300 8,549
  Jiangsu King's Luck Brewery JSC Ltd. Class A 155,800 961
  Inner Mongolia Dian Tou Energy Corp. Ltd. Class A 271,000 558
  Angel Yeast Co. Ltd. Class A 104,500 450
  Suofeiya Home Collection Co. Ltd. Class A 113,000 244
  Valiant Co. Ltd. Class A 109,100 195
  Shandong WIT Dyne Health Co. Ltd. Class A 30,300 113
      20,652
Denmark (7.1%)
  Novo Nordisk A/S Class B 3,288,719 375,915
  DSV A/S 280,502 50,185
  Coloplast A/S Class B 193,845 22,345
  Royal Unibrew A/S 66,649 4,366
      452,811
Finland (0.1%)
  Huhtamaki OYJ 149,477 5,866
  Revenio Group OYJ 41,583 1,142
      7,008
France (5.3%)
  Sanofi SA 1,739,183 174,171
  Schneider Electric SE 841,162 165,247
      339,418
Germany (6.2%)
  SAP SE 1,593,263 276,027
  Deutsche Boerse AG 296,858 59,116
  Symrise AG 207,213 21,379
  Brenntag SE 231,637 20,479
  Nemetschek SE 88,329 8,150
  Bechtle AG 127,485 6,611
  FUCHS SE 66,455 2,356
  Atoss Software AG 6,120 1,677
  Cewe Stiftung & Co. KGaA 8,172 891
  STRATEC SE 11,293 516
  MBB SE 3,149 305
      397,507

    Shares Market
Value
($000)
Hong Kong (2.5%)
  AIA Group Ltd. 17,878,560 140,211
  Techtronic Industries Co. Ltd. 2,063,564 21,917
      162,128
India (7.3%)
  Reliance Industries Ltd. 5,382,603 184,928
  Infosys Ltd. 4,096,455 81,668
  Hindustan Unilever Ltd. 1,393,084 41,656
  Infosys Ltd. ADR 1,470,295 29,200
  Asian Paints Ltd. 703,077 24,974
  ITC Ltd. 4,670,539 24,829
  UltraTech Cement Ltd. 180,105 22,022
  Nestle India Ltd. 556,544 16,788
  Persistent Systems Ltd. 79,063 7,935
  Pidilite Industries Ltd. 237,829 7,249
  Tata Elxsi Ltd. 54,440 4,983
  Sundaram Finance Ltd. 106,100 4,552
  Astral Ltd. (XNSE) 184,042 4,055
  KEI Industries Ltd. 86,858 3,347
  Berger Paints India Ltd. 453,646 3,087
  CRISIL Ltd. 37,771 1,863
  Caplin Point Laboratories Ltd. 34,284 598
  Balaji Amines Ltd. 16,199 476
      464,210
Indonesia (0.8%)
  Bank Central Asia Tbk PT 86,680,900 52,444
Ireland (0.3%)
  Kerry Group plc Class A 242,788 21,641
Israel (0.0%)
  Elco Ltd. 14,886 459
Italy (0.4%)
  Recordati Industria Chimica e Farmaceutica SpA 156,530 8,640
  Interpump Group SpA 127,193 6,287
  Buzzi SpA 146,708 4,987
  Reply SpA 35,070 4,808
  DiaSorin SpA 41,021 3,772
      28,494
Japan (17.6%)
  Sony Group Corp. 1,970,200 193,214
  Shin-Etsu Chemical Co. Ltd. 3,162,320 124,476
  Tokio Marine Holdings Inc. 3,128,000 82,477
  Murata Manufacturing Co. Ltd. 2,942,200 59,409
  Nippon Telegraph & Telephone Corp. 46,659,343 58,593
  Seven & i Holdings Co. Ltd. 1,245,700 49,199
  Terumo Corp. 1,167,076 39,508
  Astellas Pharma Inc. 2,821,700 32,852
  Asahi Group Holdings Ltd. 791,043 29,401
  Kao Corp. 727,200 28,774
  Unicharm Corp. 687,480 23,655
  Sekisui House Ltd. 1,031,700 23,290
  Nomura Research Institute Ltd. 722,500 22,097
  Shionogi & Co. Ltd. 435,900 20,922
  Nitto Denko Corp. 228,800 18,981
  Pan Pacific International Holdings Corp. 831,664 17,978
  Nitori Holdings Co. Ltd. 136,001 17,800
  Obic Co. Ltd. 105,200 16,160

    Shares Market
Value
($000)
  NTT Data Group Corp. 932,667 13,434
  M3 Inc. 666,460 10,517
  Yakult Honsha Co. Ltd. 480,400 10,493
  Hulic Co. Ltd. 931,075 10,281
  Nissan Chemical Corp. 216,732 8,644
  Chiba Bank Ltd. 1,129,100 8,367
  Nippon Sanso Holdings Corp. 330,100 8,364
  TIS Inc. 339,660 7,555
  Hikari Tsushin Inc. 36,200 6,308
  Azbil Corp. 190,340 6,151
  Kurita Water Industries Ltd. 165,800 6,055
  Nisshin Seifun Group Inc. 406,100 5,665
  Alfresa Holdings Corp. 314,100 5,151
  Tokyo Tatemono Co. Ltd. 328,400 5,061
  Nomura Real Estate Holdings Inc. 175,980 4,816
  SCSK Corp. 235,300 4,620
  GMO Payment Gateway Inc. 70,200 4,236
  Kobayashi Pharmaceutical Co. Ltd. 93,600 4,224
  Rinnai Corp. 182,052 4,125
  Oracle Corp. Japan 51,600 4,067
  Lion Corp. 453,734 4,045
  Goldwin Inc. 60,100 4,043
  COMSYS Holdings Corp. 179,400 3,928
  EXEO Group Inc. 171,200 3,824
  Fuji Soft Inc. 84,940 3,723
  SHO-BOND Holdings Co. Ltd. 83,284 3,709
  MonotaRO Co. Ltd. 380,667 3,585
  Open House Group Co. Ltd. 112,800 3,527
  Yamaguchi Financial Group Inc. 364,967 3,469
  Zenkoku Hosho Co. Ltd. 90,600 3,372
  Sundrug Co. Ltd. 110,324 3,327
  Tokyo Century Corp. 295,400 3,282
  Fuyo General Lease Co. Ltd. 36,000 3,219
  Nippon Gas Co. Ltd. 178,267 2,761
  Morinaga & Co. Ltd. 144,400 2,756
1 Welcia Holdings Co. Ltd. 157,400 2,655
  Maruwa Co. Ltd. 12,900 2,581
  Nichias Corp. 95,800 2,239
  NSD Co. Ltd. 113,000 2,121
  Mizuho Leasing Co. Ltd. 56,667 2,054
  TS Tech Co. Ltd. 156,100 1,977
  Ship Healthcare Holdings Inc. 127,367 1,933
  Takeuchi Manufacturing Co. Ltd. 55,700 1,904
  Aeon Mall Co. Ltd. 150,734 1,866
  Japan Material Co. Ltd. 109,900 1,857
  Mani Inc. 128,200 1,781
  Benefit One Inc. 121,600 1,735
  Kandenko Co. Ltd. 166,334 1,711
  Riken Keiki Co. Ltd. 34,400 1,700
  Kissei Pharmaceutical Co. Ltd. 78,600 1,678
  Fujitsu General Ltd. 99,300 1,455
  Nojima Corp. 115,000 1,449
  PALTAC Corp. 46,954 1,430
  Tokyo Steel Manufacturing Co. Ltd. 116,900 1,412
  Dentsu Soken Inc. 37,700 1,408
  DTS Corp. 56,700 1,395
  Valor Holdings Co. Ltd. 80,512 1,375
  Funai Soken Holdings Inc. 73,200 1,275

    Shares Market
Value
($000)
  TKC Corp. 47,600 1,233
  Shoei Co. Ltd. 89,300 1,193
  Raito Kogyo Co. Ltd. 79,200 1,107
  Takara Standard Co. Ltd. 88,267 1,055
  Komeri Co. Ltd. 46,467 1,041
1 Workman Co. Ltd. 36,026 1,030
  Tri Chemical Laboratories Inc. 41,700 1,028
  Elecom Co. Ltd. 87,832 1,021
  Kohnan Shoji Co. Ltd. 37,400 993
  Ai Holdings Corp. 57,770 970
  JCU Corp. 38,200 964
  AZ-COM Maruwa Holdings Inc. 89,934 926
  MCJ Co. Ltd. 102,400 859
  Hogy Medical Co. Ltd. 35,500 856
  Create SD Holdings Co. Ltd. 39,100 851
  Future Corp. 70,847 841
  Noevir Holdings Co. Ltd. 23,000 818
  Okinawa Cellular Telephone Co. 33,567 818
  Sekisui Jushi Corp. 47,200 813
  Tsurumi Manufacturing Co. Ltd. 31,867 786
  Yellow Hat Ltd. 61,900 768
  eGuarantee Inc. 52,367 683
  Kameda Seika Co. Ltd. 23,400 665
  Mitsubishi Research Institute Inc. 19,800 664
  Shin-Etsu Polymer Co. Ltd. 58,734 646
  Ricoh Leasing Co. Ltd. 18,800 645
  Takara Bio Inc. 73,800 627
  Keihanshin Building Co. Ltd. 61,900 625
  Osaka Organic Chemical Industry Ltd. 30,400 605
  Retail Partners Co. Ltd. 50,700 600
  Fujicco Co. Ltd. 43,534 597
  Sanyo Chemical Industries Ltd. 20,400 596
  S Foods Inc. 25,900 582
  Siix Corp. 54,200 573
  Mimasu Semiconductor Industry Co. Ltd. 25,800 556
  G-Tekt Corp. 40,900 508
  Altech Corp. 25,300 493
  Shizuoka Gas Co. Ltd. 68,200 466
  Matsuda Sangyo Co. Ltd. 22,300 415
  Transaction Co. Ltd. 23,534 393
  Nippon Parking Development Co. Ltd. 312,100 389
  Elan Corp. 48,800 350
  FULLCAST Holdings Co. Ltd. 27,200 328
  Avant Group Corp. 33,534 327
  MarkLines Co. Ltd. 15,800 323
  Intage Holdings Inc. 24,700 292
  WDB Holdings Co. Ltd. 17,600 277
  YAKUODO Holdings Co. Ltd. 14,767 259
  Fukui Computer Holdings Inc. 13,700 242
  G-7 Holdings Inc. 28,200 240
  Densan System Holdings Co. Ltd. 11,667 234
  Value HR Co. Ltd. 23,600 229
  Aoyama Zaisan Networks Co. Ltd. 30,300 212
  Creek & River Co. Ltd. 14,800 201
  Celsys Inc. 43,534 200
  Digital Information Technologies Corp. 14,900 176
  E-Guardian Inc. 12,300 131
  Digital Hearts Holdings Co. Ltd. 16,000 111

    Shares Market
Value
($000)
  Japan Medical Dynamic Marketing Inc. 20,800 105
  Members Co. Ltd. 12,600 85
      1,126,102
Mexico (0.6%)
  America Movil SAB de CV Series B 31,086,356 28,086
  Grupo Elektra SAB de CV 86,700 5,810
  Grupo Comercial Chedraui SA de CV 356,000 2,406
      36,302
Netherlands (1.1%)
  Wolters Kluwer NV 388,188 57,226
  IMCD NV 88,837 13,560
      70,786
New Zealand (0.3%)
  Fisher & Paykel Healthcare Corp. Ltd. 909,742 13,139
  EBOS Group Ltd. 246,094 5,636
  Summerset Group Holdings Ltd. 363,866 2,440
      21,215
Norway (0.1%)
  TOMRA Systems ASA 363,826 3,654
  Borregaard ASA 151,697 2,580
      6,234
Philippines (0.1%)
  International Container Terminal Services Inc. 1,259,790 5,447
South Korea (0.6%)
  NAVER Corp. 235,275 35,085
  LEENO Industrial Inc. 15,415 2,294
  DI Dong Il Corp. 23,607 482
  JW Pharmaceutical Corp. 18,555 425
  Kyung Dong Navien Co. Ltd. 9,261 325
  Interojo Co. Ltd. 14,165 312
  Hanyang Eng Co. Ltd. 16,670 204
      39,127
Sweden (1.8%)
  Assa Abloy AB Class B 1,548,984 42,482
  Hexagon AB Class B 3,283,803 35,838
  Nibe Industrier AB Class B 2,394,816 14,310
  Lifco AB Class B 330,893 7,983
  AAK AB 283,022 6,379
  Fortnox AB 751,903 4,145
  Wihlborgs Fastigheter AB 416,846 3,726
  Atrium Ljungberg AB Class B 83,078 1,660
  NP3 Fastigheter AB 47,566 937
  Svolder AB Class B 151,643 839
      118,299
Switzerland (16.2%)
  Novartis AG (Registered) 2,426,518 250,935
  Nestle SA (Registered) 2,038,887 232,332
  Roche Holding AG 799,295 227,572
  Sika AG (Registered) 250,638 69,191
  Givaudan SA (Registered) 12,404 51,583
  Partners Group Holding AG 34,189 46,127
  Geberit AG (Registered) 52,265 30,085
  Chocoladefabriken Lindt & Spruengli AG 1,804 22,927
  Logitech International SA (Registered) 248,047 20,795
  Chocoladefabriken Lindt & Spruengli AG (Registered) 146 18,507

    Shares Market
Value
($000)
* Sandoz Group AG 504,319 17,296
  Temenos AG (Registered) 100,327 10,210
  PSP Swiss Property AG (Registered) 71,334 9,494
  Roche Holding AG (Bearer) 31,067 9,411
  Siegfried Holding AG (Registered) 6,290 6,266
  Emmi AG (Registered) 3,884 4,069
  DKSH Holding AG 55,045 3,852
  Interroll Holding AG (Registered) 1,127 3,292
  ALSO Holding AG (Registered) 9,654 2,826
  Orior AG 9,717 750
      1,037,520
Taiwan (0.5%)
1 Chailease Holding Co. Ltd. 2,516,573 13,931
  Advantech Co. Ltd. 757,727 8,168
  ASPEED Technology Inc. 46,104 4,528
  Sinbon Electronics Co. Ltd. 335,000 2,758
      29,385
United Kingdom (10.3%)
  Diageo plc 3,485,823 125,900
  RELX plc 3,028,015 124,979
  CRH plc (SGMX) 1,188,150 84,289
  BAE Systems plc 4,765,039 70,982
  London Stock Exchange Group plc 610,706 69,079
  Ashtead Group plc 705,125 46,109
  Sage Group plc 1,605,584 23,904
  Bunzl plc 530,166 21,546
  Halma plc 592,504 16,400
  Smurfit Kappa Group plc (XDUB) 406,389 15,144
  Spirax-Sarco Engineering plc 115,139 14,492
  Croda International plc 222,395 13,461
  DCC plc 158,117 11,495
  Diploma plc 209,156 8,622
  Spectris plc 167,086 7,778
  Cranswick plc 83,568 4,260
  Clarkson plc 47,371 2,133
  Hilton Food Group plc 120,030 1,191
  Treatt plc 95,675 566
      662,330
Total Common Stocks (Cost $5,695,929) 6,368,070
Preferred Stock (0.1%)
  FUCHS SE Preference Shares (Cost$4,089) 98,219 4,305

    Shares Market
Value
($000)
Temporary Cash Investments (0.4%)
Money Market Fund (0.4%)
2,3 Vanguard Market Liquidity Fund, 5.410% (Cost $21,097) 211,007 21,098
Total Investments (99.9%) (Cost $5,721,115) 6,393,473
Other Assets and Liabilities—Net (0.1%) 9,122
Net Assets (100%) 6,402,595
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $10,867,000.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
3 Collateral of $11,652,000 was received for securities on loan, of which $11,645,000 is held in Vanguard Market Liquidity Fund and $7,000 is held in cash.
  ADR—American Depositary Receipt.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
E-mini S&P 500 Index March 2024 15 3,653 74
MSCI EAFE Index March 2024 161 17,976 (132)
MSCI Emerging Markets Index March 2024 113 5,541 (128)
Topix Index March 2024 11 1,908 150
        (36)
    
Forward Currency Contracts
  Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
Depreciation
($000)
Counterparty Receive Deliver
UBS AG 3/20/24 INR 388,381 USD 4,651 18
State Street Bank & Trust Co. 3/20/24 INR 169,446 USD 2,035 2
Bank of America, N.A. 3/20/24 INR 103,854 USD 1,247 1
Deutsche Bank AG 3/20/24 INR 96,316 USD 1,152 6
UBS AG 3/21/24 JPY 70,419 USD 491 (9)
Bank of Montreal 3/20/24 USD 11,637 CHF 10,093 (123)
Bank of Montreal 3/20/24 USD 2,780 EUR 2,556 12

Forward Currency Contracts (continued)
  Contract
Settlement
Date
Contract Amount (000) Unrealized
Appreciation
($000)
Unrealized
Depreciation
($000)
Counterparty Receive Deliver
State Street Bank & Trust Co. 3/20/24 USD 9,352 GBP 7,403 (33)
Barclays Bank plc 3/20/24 USD 1,554 HKD 12,121 2
            41 (165)
CHF—Swiss franc.
EUR—euro.
GBP—British pound.
HKD—Hong Kong dollar.
INR—Indian rupee.
JPY—Japanese yen.
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 objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. 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 January 31, 2024, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks—North and South America 1,028,232 1,028,232
Common Stocks—Other 29,200 5,310,638 5,339,838
Preferred Stock 4,305 4,305
Temporary Cash Investments 21,098 21,098
Total 1,078,530 5,314,943 6,393,473
Derivative Financial Instruments
Assets        
Futures Contracts1 224 224
Forward Currency Contracts 41 41
Total 224 41 265
Liabilities        
Futures Contracts1 260 260
Forward Currency Contracts 165 165
Total 260 165 425
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.