UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-05972
Name of Registrant: | Vanguard International Equity Index Funds |
Address of Registrant: | P.O. Box 2600 |
Valley Forge, PA 19482 |
Name and address of agent for service: | Anne E. Robinson, Esquire |
P.O. Box 876 | |
Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: October 31
Date of reporting period: November 1, 2019—April 30, 2020
Item 1: Reports to Shareholders
Semiannual Report | April 30, 2020 | |
Vanguard International Stock Index Funds | |
Vanguard European Stock Index Fund | |
Vanguard Pacific Stock Index Fund | |
See the inside front cover for important information about access to your fund's annual and semiannual shareholder reports. | |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents | |
About Your Fund’s Expenses | 1 |
European Stock Index Fund | 3 |
Pacific Stock Index Fund | 26 |
Trustees Approve Advisory Arrangements | 47 |
Liquidity Risk Management | 49 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1 |
Six Months Ended April 30, 2020
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
10/31/2019 | 4/30/2020 | Period | |
Based on Actual Fund Return | |||
European Stock Index Fund | |||
Investor Shares | $1,000.00 | $842.53 | $1.05 |
FTSE Europe ETF Shares | 1,000.00 | 843.58 | 0.37 |
Admiral™ Shares | 1,000.00 | 843.30 | 0.46 |
Institutional Shares | 1,000.00 | 843.14 | 0.37 |
Institutional Plus Shares | 1,000.00 | 843.38 | 0.32 |
Pacific Stock Index Fund | |||
Investor Shares | $1,000.00 | $876.12 | $1.07 |
FTSE Pacific ETF Shares | 1,000.00 | 876.63 | 0.37 |
Admiral Shares | 1,000.00 | 876.52 | 0.47 |
Institutional Shares | 1,000.00 | 877.12 | 0.37 |
Based on Hypothetical 5% Yearly Return | |||
European Stock Index Fund | |||
Investor Shares | $1,000.00 | $1,023.72 | $1.16 |
FTSE Europe ETF Shares | 1,000.00 | 1,024.47 | 0.40 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Institutional Plus Shares | 1,000.00 | 1,024.52 | 0.35 |
Pacific Stock Index Fund | |||
Investor Shares | $1,000.00 | $1,023.72 | $1.16 |
FTSE Pacific ETF Shares | 1,000.00 | 1,024.47 | 0.40 |
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
The calculations are based on expenses incurred in the most recent six-month period. The funds’ annualized six-month expense ratios for that period are: for the European Stock Index Fund, 0.23% for Investor Shares, 0.08% for FTSE Europe ETF Shares, 0.10% for Admiral Shares, 0.08% for Institutional Shares, and 0.07% for Institutional Plus Shares; and for the Pacific Stock Index Fund, 0.23% for Investor Shares, 0.08% for FTSE Pacific ETF Shares, 0.10% for Admiral Shares, and 0.08% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2 |
European Stock Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 6.0 | % |
Consumer Goods | 18.5 | |
Consumer Services | 6.4 | |
Financials | 18.2 | |
Health Care | 16.8 | |
Industrials | 15.0 | |
Oil & Gas | 5.3 | |
Technology | 6.5 | |
Telecommunications | 2.9 | |
Utilities | 4.4 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking their target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
3 |
European Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Common Stocks | |||||||
1Austria † | 64,731 | 0.4% | |||||
Belgium | |||||||
Anheuser-Busch InBev SA/NV | 1,361,493 | 63,405 | 0.4% | ||||
Belgium—Other † | 188,716 | 1.3% | |||||
252,121 | 1.7% | ||||||
Denmark | |||||||
Novo Nordisk A/S Class B | 2,923,048 | 186,461 | 1.3% | ||||
Novozymes A/S | 360,061 | 17,663 | 0.1% | ||||
1 | Denmark—Other † | 326,326 | 2.2% | ||||
530,450 | 3.6% | ||||||
Finland † | 308,288 | 2.0% | |||||
France | |||||||
^ | Sanofi | 1,915,709 | 187,115 | 1.2% | |||
LVMH Moet Hennessy Louis Vuitton SE | 440,096 | 170,139 | 1.1% | ||||
TOTAL SA | 4,217,364 | 149,685 | 1.0% | ||||
* | Schneider Electric SE | 926,736 | 85,642 | 0.6% | |||
* | L’Oreal SA Loyalty Shares | 278,786 | 81,055 | 0.6% | |||
Danone SA | 1,057,298 | 73,691 | 0.5% | ||||
Air Liquide SA Loyalty Shares | 562,260 | 71,438 | 0.5% | ||||
Vinci SA | 821,428 | 67,293 | 0.5% | ||||
Kering SA | 131,111 | 66,697 | 0.5% | ||||
EssilorLuxottica SA | 519,054 | 64,479 | 0.4% | ||||
* | Airbus SE | 972,929 | 61,605 | 0.4% | |||
Axa SA | 3,391,937 | 60,297 | 0.4% | ||||
BNP Paribas SA | 1,911,829 | 60,063 | 0.4% | ||||
§,1 | France—Other † | 1,073,926 | 7.2% | ||||
2,273,125 | 15.3% |
4 |
European Stock Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Germany | |||||||
SAP SE | 1,712,100 | 203,924 | 1.4% | ||||
Allianz SE | 733,645 | 135,014 | 0.9% | ||||
Siemens AG | 1,338,576 | 123,529 | 0.8% | ||||
Bayer AG | 1,732,884 | 113,971 | 0.7% | ||||
* | Deutsche Telekom AG | 5,709,821 | 83,476 | 0.6% | |||
BASF SE | 1,617,346 | 82,770 | 0.6% | ||||
adidas AG | 341,294 | 78,134 | 0.5% | ||||
1 | Germany—Other † | 1,215,346 | 8.2% | ||||
2,036,164 | 13.7% | ||||||
§Ireland † | 107,334 | 0.7% | |||||
Italy | |||||||
Enel SPA | 13,750,659 | 93,924 | 0.6% | ||||
1 | Italy—Other † | 479,743 | 3.1% | ||||
573,667 | 3.7% | ||||||
Netherlands | |||||||
ASML Holding NV | 707,596 | 206,679 | 1.4% | ||||
Unilever NV | 2,417,234 | 120,377 | 0.8% | ||||
Koninklijke Philips NV | 1,577,625 | 68,773 | 0.4% | ||||
* | Prosus NV | 765,452 | 57,873 | 0.4% | |||
1 | Netherlands—Other † | 514,700 | 3.4% | ||||
968,402 | 6.4% | ||||||
1Norway † | 181,792 | 1.2% | |||||
1Poland † | 74,473 | 0.5% | |||||
Portugal † | 49,050 | 0.3% | |||||
Spain | |||||||
* | Iberdrola SA | 10,476,819 | 104,222 | 0.7% | |||
Banco Santander SA | 29,037,646 | 64,882 | 0.4% | ||||
1 | Spain—Other † | 411,957 | 2.7% | ||||
581,061 | 3.8% | ||||||
1Sweden † | 771,882 | 5.0% | |||||
Switzerland | |||||||
* | Nestle SA | 5,108,530 | 541,045 | 3.6% | |||
Roche Holding AG | 1,252,124 | 433,607 | 2.9% | ||||
Novartis AG | 3,761,064 | 320,963 | 2.2% | ||||
Zurich Insurance Group AG | 261,560 | 82,929 | 0.6% | ||||
UBS Group AG | 5,980,708 | 64,038 | 0.4% | ||||
ABB Ltd. | 3,156,660 | 59,921 | 0.4% | ||||
Roche Holding AG (Bearer) | 23,159 | 8,043 | 0.1% | ||||
§,1 | Switzerland—Other † | 880,116 | 5.9% | ||||
2,390,662 | 16.1% | ||||||
United Kingdom | |||||||
AstraZeneca plc | 2,320,434 | 242,701 | 1.6% | ||||
HSBC Holdings plc | 35,791,273 | 183,967 | 1.2% | ||||
GlaxoSmithKline plc | 8,665,185 | 180,780 | 1.2% |
5 |
European Stock Index Fund
Market | Percentage | ||||
Value• | of Net | ||||
Shares | ($000 | ) | Assets | ||
British American Tobacco plc | 3,873,640 | 149,308 | 1.0% | ||
Diageo plc | 4,075,873 | 140,333 | 0.9% | ||
BP plc | 35,214,101 | 138,759 | 0.9% | ||
Royal Dutch Shell plc Class B | 6,621,609 | 106,004 | 0.7% | ||
Royal Dutch Shell plc Class A (XLON) | 6,104,945 | 100,514 | 0.7% | ||
Unilever plc | 1,925,351 | 99,141 | 0.7% | ||
Reckitt Benckiser Group plc | 1,111,927 | 92,624 | 0.6% | ||
Rio Tinto plc | 1,943,300 | 90,206 | 0.6% | ||
National Grid plc | 6,149,352 | 72,063 | 0.5% | ||
Vodafone Group plc | 47,457,622 | 66,948 | 0.4% | ||
Prudential plc | 4,594,225 | 64,813 | 0.4% | ||
BHP Group plc | 3,674,380 | 61,675 | 0.4% | ||
Royal Dutch Shell plc Class A (XAMS) | 1,191,185 | 19,910 | 0.1% | ||
British American Tobacco plc ADR | 161,443 | 6,159 | 0.0% | ||
§,1 | United Kingdom—Other † | 1,838,788 | 12.4% | ||
3,654,693 | 24.3% | ||||
Total Common Stocks (Cost $21,730,634) | 14,817,895 | 98.7% |
Coupon | |||||
Temporary Cash Investments | |||||
Money Market Fund | |||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 5,197,559 | 519,756 | 3.4% |
4 | U.S. Government and Agency Obligations † | 31,961 | 0.2% | ||
Total Temporary Cash Investments (Cost $551,769) | 551,717 | 3.6% | |||
Total Investments (Cost $22,282,403) | 15,369,612 | 102.3% | |||
Other Assets and Liabilities—Net (-2.3%)3,4,5,6 | (355,212) | (2.3%) | |||
Net Assets | 15,014,400 | 100.0% |
Cost rounded to $000.
• | See Note A in Notes to Financial Statements. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $466,458,000. |
* | Non-income-producing security. |
§ | Security value determined using significant unobservable inputs. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $437,047,000, representing 2.9% of net assets. |
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 $496,866,000 was received for securities on loan, of which $496,822,000 is held in Vanguard Market Liquidity Fund and $44,000 is held in cash. |
4 | Securities with a value of $31,961,000 and cash of $649,000 have been segregated as initial margin for open futures contracts. |
5 | Cash of $1,750,000 has been segregated as collateral for open forward currency contracts. |
6 | Includes cash collateral received for ETF capital activity. ADR—American Depositary Receipt. |
6
European Stock Index Fund
Derivative Financial Instruments Outstanding as of Period End |
Futures Contracts |
($000 | ) | |||||||||
Value and | ||||||||||
Number of | Unrealized | |||||||||
Long (Short | ) | Notional | Appreciation | |||||||
Expiration | Contracts | Amount | (Depreciation | ) | ||||||
Long Futures Contracts | ||||||||||
Dow Jones EURO STOXX 50 Index | June 2020 | 4,212 | 133,256 | 18,772 | ||||||
FTSE 100 Index | June 2020 | 891 | 66,043 | 7,819 | ||||||
26,591 |
Forward Currency Contracts | |||||||||||
Contract | Unrealized | Unrealized | |||||||||
Settlement | Contract Amount (000) | Appreciation | (Depreciation | ) | |||||||
Counterparty | Date | Receive | Deliver | ($000 | ) | ($000 | ) | ||||
Toronto-Dominion Bank | 7/2/20 | EUR | 61,959 | USD | 66,422 | 1,567 | — | ||||
Royal Bank of Canada | 7/2/20 | GBP | 36,369 | USD | 43,307 | 2,512 | — | ||||
Morgan Stanley Capital Services LLC | 7/2/20 | EUR | 38,782 | USD | 42,009 | 548 | — | ||||
Goldman Sachs International | 7/2/20 | GBP | 15,776 | USD | 19,202 | 674 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | CHF | 10,136 | USD | 10,581 | — | (61 | ) | |||
Bank of America, N.A. | 7/2/20 | USD | 83,534 | CHF | 81,546 | — | (1,105 | ) | |||
Morgan Stanley Capital Services LLC | 7/2/20 | USD | 24,095 | GBP | 20,560 | — | (1,807 | ) | |||
Deutsche Bank AG | 7/2/20 | USD | 15,377 | EUR | 13,879 | 147 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 2,318 | DKK | 15,965 | — | (29 | ) | |||
5,448 | (3,002 | ) |
CHF—Swiss franc.
DKK—Danish krone.
EUR—euro.
GBP—British pound.
USD—U.S. dollar.
At April 30, 2020, the counterparties had deposited in segregated accounts cash of $2,860,000 and a security with a value of $395,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
7
European Stock Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $21,762,594) | 14,849,856 |
Affiliated Issuers (Cost $519,809) | 519,756 |
Total Investments in Securities | 15,369,612 |
Investment in Vanguard | 733 |
Foreign Currency, at value (Cost $16,567) | 17,176 |
Cash Collateral Pledged—Futures Contracts | 649 |
Cash Collateral Pledged—ETF Capital Activity | 91,940 |
Cash Collateral Pledged—Forward Currency Contracts | 1,750 |
Receivables for Investment Securities Sold | 1,141 |
Receivables for Accrued Income | 126,904 |
Receivables for Capital Shares Issued | 1,846 |
Variation Margin Receivable—Futures Contracts | 5,300 |
Unrealized Appreciation—Forward Currency Contracts | 5,448 |
Total Assets | 15,622,499 |
Liabilities | |
Due to Custodian | 10 |
Payables for Investment Securities Purchased | 1,105 |
Collateral for Securities on Loan | 496,866 |
Collateral for ETF Capital Activity | 91,940 |
Payables for Capital Shares Redeemed | 4,757 |
Payables to Vanguard | 4,276 |
Variation Margin Payable—Futures Contracts | 6,143 |
Unrealized Depreciation—Forward Currency Contracts | 3,002 |
Total Liabilities | 608,099 |
Net Assets | 15,014,400 |
8
European Stock Index Fund
Statement of Assets and Liabilities (continued) |
At April 30, 2020, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 22,536,342 |
Total Distributable Earnings (Loss) | (7,521,942) |
Net Assets | 15,014,400 |
Investor Shares—Net Assets | |
Applicable to 761,326 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 18,929 |
Net Asset Value Per Share—Investor Shares | $24.86 |
ETF Shares—Net Assets | |
Applicable to 227,241,032 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 10,516,233 |
Net Asset Value Per Share—ETF Shares | $46.28 |
Admiral Shares—Net Assets | |
Applicable to 64,336,471 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,724,260 |
Net Asset Value Per Share—Admiral Shares | $57.89 |
Institutional Shares—Net Assets | |
Applicable to 27,965,211 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 690,306 |
Net Asset Value Per Share—Institutional Shares | $24.68 |
Institutional Plus Shares—Net Assets | |
Applicable to 586,368 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 64,672 |
Net Asset Value Per Share—Institutional Plus Shares | $110.29 |
See accompanying Notes, which are an integral part of the Financial Statements.
9
European Stock Index Fund
Statement of Operations
Six Months Ended | ||
April 30, 2020 | ||
($000 | ) | |
Investment Income | ||
Income | ||
Dividends1 | 211,537 | |
Interest2 | 195 | |
Securities Lending—Net | 2,931 | |
Total Income | 214,663 | |
Expenses | ||
The Vanguard Group—Note B | ||
Investment Advisory Services | 1,219 | |
Management and Administrative—Investor Shares | 14 | |
Management and Administrative—ETF Shares | 3,703 | |
Management and Administrative—Admiral Shares | 1,671 | |
Management and Administrative—Institutional Shares | 237 | |
Management and Administrative—Institutional Plus Shares | 19 | |
Marketing and Distribution—Investor Shares | 2 | |
Marketing and Distribution—ETF Shares | 316 | |
Marketing and Distribution—Admiral Shares | 114 | |
Marketing and Distribution—Institutional Shares | 14 | |
Marketing and Distribution—Institutional Plus Shares | — | |
Custodian Fees | 616 | |
Shareholders’ Reports—Investor Shares | — | |
Shareholders’ Reports—ETF Shares | 89 | |
Shareholders’ Reports—Admiral Shares | 28 | |
Shareholders’ Reports—Institutional Shares | 2 | |
Shareholders’ Reports—Institutional Plus Shares | — | |
Trustees’ Fees and Expenses | 6 | |
Total Expenses | 8,050 | |
Expenses Paid Indirectly | (204 | ) |
Net Expenses | 7,846 | |
Net Investment Income | 206,817 | |
Realized Net Gain (Loss) | ||
Investment Securities Sold2,3 | (608,951 | ) |
Futures Contracts | (50,124 | ) |
Forward Currency Contracts | 4,880 | |
Foreign Currencies | (951 | ) |
Realized Net Gain (Loss) | (655,146 | ) |
10
European Stock Index Fund
Statement of Operations (continued)
Six Months Ended | |
April 30, 2020 | |
($000) | |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (2,945,699) |
Futures Contracts | 24,825 |
Forward Currency Contracts | (242) |
Foreign Currencies | 1,301 |
Change in Unrealized Appreciation (Depreciation) | (2,919,815) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (3,368,144) |
1 | Dividends are net of foreign withholding taxes of $22,788,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $120,000, ($46,000), and ($22,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes ($184,304,000) of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
11 |
European Stock Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | ||
April 30, | October 31, | ||
2020 | 2019 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 206,817 | 663,789 | |
Realized Net Gain (Loss) | (655,146) | 35,555 | |
Change in Unrealized Appreciation (Depreciation) | (2,919,815) | 1,206,225 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (3,368,144) | 1,905,569 | |
Distributions1 | |||
Investor Shares | (231) | (11,251) | |
ETF Shares | (143,303) | (475,195) | |
Admiral Shares | (47,576) | (151,252) | |
Institutional Shares | (8,809) | (29,476) | |
Institutional Plus Shares | (801) | (4,128) | |
Total Distributions | (200,720) | (671,302) | |
Capital Share Transactions | |||
Investor Shares | (2,306) | (537,858) | |
ETF Shares | 70,381 | (2,413,675) | |
Admiral Shares | (155,735) | 198,090 | |
Institutional Shares | (40,089) | 53,745 | |
Institutional Plus Shares | (29,198) | (66,754) | |
Net Increase (Decrease) from Capital Share Transactions | (156,947) | (2,766,452) | |
Total Increase (Decrease) | (3,725,811) | (1,532,185) | |
Net Assets | |||
Beginning of Period | 18,740,211 | 20,272,396 | |
End of Period | 15,014,400 | 18,740,211 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
12 |
European Stock Index Fund
Financial Highlights
Investor Shares
Six Months | ||||||||
Ended | Year Ended October 31, | |||||||
For a Share Outstanding | April 30, | |||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
Net Asset Value, Beginning of Period | $29.84 | $27.85 | $31.44 | $25.27 | $27.98 | $29.05 | ||
Investment Operations | ||||||||
Net Investment Income | .2951 | 1.0531 | .9681 | .8271 | .881 | .866 | ||
Net Realized and Unrealized Gain (Loss) on Investments | (4.988) | 1.913 | (3.572) | 6.109 | (2.738) | (1.058) | ||
Total from Investment Operations | (4.693) | 2.966 | (2.604) | 6.936 | (1.857) | (.192) | ||
Distributions | ||||||||
Dividends from Net Investment Income | (.287) | (.976) | (.986) | (.766) | (.853) | (.878) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||
Total Distributions | (.287) | (.976) | (.986) | (.766) | (.853) | (.878) | ||
Net Asset Value, End of Period | $24.86 | $29.84 | $27.85 | $31.44 | $25.27 | $27.98 | ||
Total Return2 | -15.75% | 10.90% | -8.53% | 27.77% | -6.63% | -0.77% | ||
Ratios/Supplemental Data | ||||||||
Net Assets, End of Period (Millions) | $19 | $25 | $543 | $701 | $608 | $730 | ||
Ratio of Total Expenses to Average Net Assets | 0.23% | 0.23% | 0.23% | 0.26% | 0.26% | 0.26% | ||
Ratio of Net Investment Income to Average Net Assets | 2.07% | 3.72% | 3.14% | 2.81% | 3.35% | 3.05% | ||
Portfolio Turnover Rate3 | 1% | 3% | 6% | 4% | 6% | 13% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
13 |
European Stock Index Fund
Financial Highlights
FTSE Europe ETF Shares
Six Months | ||||||||
Ended | Year Ended October 31, | |||||||
For a Share Outstanding | April 30, | |||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
Net Asset Value, Beginning of Period | $55.54 | $51.84 | $58.54 | $47.05 | $52.09 | $54.08 | ||
Investment Operations | ||||||||
Net Investment Income | .5941 | 1.8541 | 1.9121 | 1.5671 | 1.717 | 1.691 | ||
Net Realized and Unrealized Gain (Loss) on Investments | (9.277) | 3.744 | (6.689) | 11.434 | (5.094) | (1.970) | ||
Total from Investment Operations | (8.683) | 5.598 | (4.777) | 13.001 | (3.377) | (.279) | ||
Distributions | ||||||||
Dividends from Net Investment Income | (.577) | (1.898) | (1.923) | (1.511) | (1.663) | (1.711) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||
Total Distributions | (.577) | (1.898) | (1.923) | (1.511) | (1.663) | (1.711) | ||
Net Asset Value, End of Period | $46.28 | $55.54 | $51.84 | $58.54 | $47.05 | $52.09 | ||
Total Return | -15.64% | 11.08% | -8.44% | 27.98% | -6.43% | -0.62% | ||
Ratios/Supplemental Data | ||||||||
Net Assets, End of Period (Millions) | $10,516 | $13,067 | $14,624 | $17,880 | $10,533 | $15,578 | ||
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.09% | 0.10% | 0.10% | 0.12% | ||
Ratio of Net Investment Income to Average Net Assets | 2.24% | 3.50% | 3.28% | 2.97% | 3.51% | 3.19% | ||
Portfolio Turnover Rate2 | 1% | 3% | 6% | 4% | 6% | 13% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
14 |
European Stock Index Fund
Financial Highlights
Admiral Shares
Six Months | |||||||
Ended | Year Ended October 31, | ||||||
For a Share Outstanding | April 30, | ||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $69.48 | $64.84 | $73.23 | $58.85 | $65.16 | $67.64 | |
Investment Operations | |||||||
Net Investment Income | .7361 | 2.2981 | 2.3531 | 2.0161 | 2.151 | 2.113 | |
Net Realized and Unrealized Gain (Loss) on Investments | (11.611) | 4.693 | (8.338) | 14.251 | (6.379) | (2.454) | |
Total from Investment Operations | (10.875) | 6.991 | (5.985) | 16.267 | (4.228) | (.341) | |
Distributions | |||||||
Dividends from Net Investment Income | (.715) | (2.351) | (2.405) | (1.887) | (2.082) | (2.139) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (.715) | (2.351) | (2.405) | (1.887) | (2.082) | (2.139) | |
Net Asset Value, End of Period | $57.89 | $69.48 | $64.84 | $73.23 | $58.85 | $65.16 | |
Total Return2 | -15.67% | 11.05% | -8.43% | 27.99% | -6.48% | -0.61% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $3,724 | $4,671 | $4,174 | $4,754 | $3,609 | $4,137 | |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.12% | |
Ratio of Net Investment Income to Average Net Assets | 2.22% | 3.47% | 3.27% | 2.97% | 3.51% | 3.19% | |
Portfolio Turnover Rate3 | 1% | 3% | 6% | 4% | 6% | 13% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
15 |
European Stock Index Fund
Financial Highlights
Institutional Shares
Six Months | |||||||
Ended | Year Ended October 31, | ||||||
For a Share Outstanding | April 30, | ||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $29.63 | $27.65 | $31.23 | $25.10 | $27.79 | $28.85 | |
Investment Operations | |||||||
Net Investment Income | .3161 | .9931 | 1.0141 | .8731 | .921 | .910 | |
Net Realized and Unrealized Gain (Loss) on Investments | (4.958) | 1.998 | (3.564) | 6.068 | (2.719) | (1.048) | |
Total from Investment Operations | (4.642) | 2.991 | (2.550) | 6.941 | (1.798) | (.138) | |
Distributions | |||||||
Dividends from Net Investment Income | (.308) | (1.011) | (1.030) | (.811) | (.892) | (.922) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (.308) | (1.011) | (1.030) | (.811) | (.892) | (.922) | |
Net Asset Value, End of Period | $24.68 | $29.63 | $27.65 | $31.23 | $25.10 | $27.79 | |
Total Return | -15.69% | 11.09% | -8.42% | 28.00% | -6.46% | -0.58% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $690 | $870 | $760 | $756 | $574 | $867 | |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.09% | |
Ratio of Net Investment Income to Average Net Assets | 2.24% | 3.51% | 3.29% | 2.99% | 3.53% | 3.22% | |
Portfolio Turnover Rate2 | 1% | 3% | 6% | 4% | 6% | 13% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
16 |
European Stock Index Fund
Financial Highlights
Institutional Plus Shares
Six Months | Dec. 5, | ||||||||
Ended | Year Ended October 31, | 20141 to | |||||||
For a Share Outstanding | April 30, | Oct. 31, | |||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||
Net Asset Value, Beginning of Period | $132.38 | $123.55 | $139.48 | $112.09 | $124.09 | $131.51 | |||
Investment Operations | |||||||||
Net Investment Income | 1.4162 | 4.1972 | 4.7112 | 3.9102 | 4.121 | 3.878 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (22.126) | 9.160 | (16.018) | 27.110 | (12.133) | (7.151) | |||
Total from Investment Operations | (20.710) | 13.357 | (11.307) | 31.020 | (8.012) | (3.273) | |||
Distributions | |||||||||
Dividends from Net Investment Income | (1.380) | (4.527) | (4.623) | (3.630) | (3.988) | (4.147) | |||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||
Total Distributions | (1.380) | (4.527) | (4.623) | (3.630) | (3.988) | (4.147) | |||
Net Asset Value, End of Period | $110.29 | $132.38 | $123.55 | $139.48 | $112.09 | $124.09 | |||
Total Return | -15.66% | 11.08% | -8.36% | 28.03% | -6.45% | -2.59% | |||
Ratios/Supplemental Data | |||||||||
Net Assets, End of Period (Millions) | $65 | $106 | $170 | $122 | $99 | $242 | |||
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08%3 | |||
Ratio of Net Investment Income to Average Net Assets | 2.24% | 3.34% | 3.30% | 3.00% | 3.54% | 3.11%3 | |||
Portfolio Turnover Rate4 | 1% | 3% | 6% | 4% | 6% | 13% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Recommencement of operations. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
17 |
European Stock Index Fund
Notes to Financial Statements
Vanguard European Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers five classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Europe ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker. Institutional Plus Shares were first issued May 17, 2013, and on March 17, 2014, all outstanding shares were redeemed. Institutional Plus Shares recommenced operations on December 5, 2014.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at April 30, 2020, the fund had a concentration of its investments in securities issued in the United Kingdom, and the performance of such investments may be impacted by the country’s social, political, and economic conditions. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
18
European Stock Index Fund
3. 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 counter-party 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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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.
19
European Stock Index Fund
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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented 2% of net assets, based on the average of notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Collateral for ETF Capital Activity: When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the fund ETF Shares (in the case of a redemption), or is required by the fund, prior to settlement, to accommodate the trading of foreign securities in local markets (in the case of redemption for an international equity ETF), the fund may require the authorized participant to deliver and maintain cash collateral
20
European Stock Index Fund
in accordance with the authorized participant agreement. The fund may invest the collateral in short-term debt instruments or U.S. Treasury securities, or maintain the balance as cash. Daily market fluctuations could cause the value of the missing securities or fund ETF Shares to be more or less than the value of the collateral received; when this occurs the collateral is adjusted. The fund earns interest income from investments and/or custody fee offsets from the cash balance. The fund records an asset (cash or investment, as applicable) and a corresponding liability for the return of the collateral in the Statement of Assets and Liabilities. Interest income and custody fee offsets earned on the investment of collateral are included in the Statement of Operations.
9. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
10. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
21
European Stock Index Fund
Withholding taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $733,000, representing less than 0.01% of the fund’s net assets and 0.29% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended April 30, 2020, custodian fee offset arrangements reduced the fund’s expenses by $204,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
22
European Stock Index Fund
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||
($000) | ($000) | ($000) | ($000) | |||||
Investments | ||||||||
Assets | ||||||||
Common Stocks | 6,936 | 14,810,365 | 594 | 14,817,895 | ||||
Temporary Cash Investments | 519,756 | 31,961 | — | 551,717 | ||||
Total | 526,692 | 14,842,326 | 594 | 15,369,612 | ||||
Derivative Financial Instruments | ||||||||
Assets | ||||||||
Futures Contracts1 | 5,300 | — | — | 5,300 | ||||
Forward Currency Contracts | — | 5,448 | — | 5,448 | ||||
Total | 5,300 | 5,448 | — | 10,748 | ||||
Liabilities | ||||||||
Futures Contracts1 | 6,143 | — | — | 6,143 | ||||
Forward Currency Contracts | — | 3,002 | — | 3,002 | ||||
Total | 6,143 | 3,002 | — | 9,145 |
1 Represents variation margin on the last day of the reporting period.
E. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Statement of Assets and Liabilities Caption | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Variation Margin Receivable—Futures Contracts | 5,300 | — | 5,300 | |||||||||
Unrealized Appreciation—Forward Currency Contracts | — | 5,448 | 5,448 | |||||||||
Total Assets | 5,300 | 5,448 | 10,748 | |||||||||
Variation Margin Payable—Futures Contracts | 6,143 | — | 6,143 | |||||||||
Unrealized Depreciation—Forward Currency Contracts | — | 3,002 | 3,002 | |||||||||
Total Liabilities | 6,143 | 3,002 | 9,145 |
23
European Stock Index Fund
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Realized Net Gain (Loss) on Derivatives | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Futures Contracts | (50,124 | ) | — | (50,124 | ) | |||||||
Forward Currency Contracts | — | 4,880 | 4,880 | |||||||||
Realized Net Gain (Loss) on Derivatives | (50,124 | ) | 4,880 | (45,244 | ) | |||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | ||||||||||||
Futures Contracts | 24,825 | — | 24,825 | |||||||||
Forward Currency Contracts | — | (242 | ) | (242 | ) | |||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | 24,825 | (242 | ) | 24,583 |
F. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | ||||
($000 | ) | |||
Tax Cost | 22,282,403 | |||
Gross Unrealized Appreciation | 1,740,845 | |||
Gross Unrealized Depreciation | (8,624,599 | ) | ||
Net Unrealized Appreciation (Depreciation) | (6,883,754 | ) |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $16,412,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
24
European Stock Index Fund
G. During the six months ended April 30, 2020, the fund purchased $1,672,393,000 of investment securities and sold $1,900,138,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,525,532,000 and $1,552,725,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
Six Months Ended | Year Ended | |||||||||
April 30, 2020 | October 31, 2019 | |||||||||
Amount | Shares | Amount | Shares | |||||||
($000 | ) | (000 | ) | ($000 | ) | (000 | ) | |||
Investor Shares | ||||||||||
Issued | 803 | 27 | 102,973 | 3,495 | ||||||
Issued in Lieu of Cash Distributions | 230 | 9 | 9,826 | 353 | ||||||
Redeemed1 | (3,339 | ) | (117 | ) | (650,657 | ) | (22,514 | ) | ||
Net Increase (Decrease)—Investor Shares | (2,306 | ) | (81 | ) | (537,858 | ) | (18,666 | ) | ||
ETF Shares | ||||||||||
Issued | 1,627,005 | 28,479 | 151,336 | 2,768 | ||||||
Issued in Lieu of Cash Distributions | — | — | — | — | ||||||
Redeemed | (1,556,624 | ) | (36,500 | ) | (2,565,011 | ) | (49,600 | ) | ||
Net Increase (Decrease)—ETF Shares | 70,381 | (8,021 | ) | (2,413,675 | ) | (46,832 | ) | |||
Admiral Shares | ||||||||||
Issued1 | 333,922 | 5,103 | 843,545 | 12,674 | ||||||
Issued in Lieu of Cash Distributions | 38,796 | 655 | 123,722 | 1,888 | ||||||
Redeemed | (528,453 | ) | (8,652 | ) | (769,177 | ) | (11,714 | ) | ||
Net Increase (Decrease)—Admiral Shares | (155,735 | ) | (2,894 | ) | 198,090 | 2,848 | ||||
Institutional Shares | ||||||||||
Issued | 65,303 | 2,414 | 151,458 | 5,370 | ||||||
Issued in Lieu of Cash Distributions | 5,729 | 229 | 19,280 | 690 | ||||||
Redeemed | (111,121 | ) | (4,055 | ) | (116,993 | ) | (4,171 | ) | ||
Net Increase (Decrease)—Institutional Shares | (40,089 | ) | (1,412 | ) | 53,745 | 1,889 | ||||
Institutional Plus Shares | ||||||||||
Issued | — | — | — | — | ||||||
Issued in Lieu of Cash Distributions | 802 | 7 | 4,127 | 34 | ||||||
Redeemed | (30,000 | ) | (224 | ) | (70,881 | ) | (609 | ) | ||
Net Increase (Decrease)—Institutional Plus Shares | (29,198 | ) | (217 | ) | (66,754 | ) | (575 | ) |
1 In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019, with the exception of those held by Vanguard funds and certain other institutional investors. Investor Shares—Redeemed and Admiral Shares—Issued include 67 and 29 shares, respectively, in the amount of $2,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares—Issued include 16,923,000 and 7,267,000 shares, respectively, in the amount of $489,072,000 from the conversion during the year ended October 31, 2019.
H. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
25
Pacific Stock Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 6.8% | ||
Consumer Goods | 16.8 | ||
Consumer Services | 10.4 | ||
Financials | 20.4 | ||
Health Care | 9.5 | ||
Industrials | 18.2 | ||
Oil & Gas | 1.4 | ||
Technology | 9.9 | ||
Telecommunications | 4.1 | ||
Utilities | 2.5 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking their target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
26
Pacific Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | |||
Value• | of Net | |||
Shares | ($000) | Assets | ||
Common Stocks | ||||
Australia | ||||
CSL Ltd. | 409,477 | 81,620 | 1.5% | |
Commonwealth Bank of Australia | 1,603,040 | 64,757 | 1.2% | |
BHP Group Ltd. | 2,666,789 | 54,441 | 1.0% | |
Westpac Banking Corp. | 3,269,657 | 34,018 | 0.6% | |
National Australia Bank Ltd. (XASX) | 2,667,967 | 29,234 | 0.5% | |
Australia & New Zealand Banking Group Ltd. | 2,565,711 | 27,870 | 0.5% | |
Woolworths Group Ltd. | 1,139,553 | 26,372 | 0.5% | |
Wesfarmers Ltd. | 1,024,810 | 24,892 | 0.4% | |
Transurban Group | 2,453,278 | 21,871 | 0.4% | |
§,1 | Australia—Other † | 480,518 | 8.6% | |
845,593 | 15.2% | |||
§China † | 41 | 0.0% | ||
Hong Kong | ||||
AIA Group Ltd. | 10,943,912 | 100,441 | 1.8% | |
Hong Kong Exchanges & Clearing Ltd. | 1,139,464 | 36,534 | 0.6% | |
§,1 | Hong Kong—Other † | 336,709 | 6.1% | |
473,684 | 8.5% | |||
Japan | ||||
Toyota Motor Corp. | 2,224,925 | 137,560 | 2.5% | |
Sony Corp. | 1,111,039 | 71,500 | 1.3% | |
SoftBank Group Corp. | 1,464,970 | 62,792 | 1.1% | |
Keyence Corp. | 162,966 | 58,181 | 1.1% | |
Takeda Pharmaceutical Co. Ltd. | 1,377,224 | 49,665 | 0.9% | |
Mitsubishi UFJ Financial Group Inc. | 11,293,772 | 45,627 | 0.8% | |
KDDI Corp. | 1,547,066 | 44,810 | 0.8% |
27
Pacific Stock Index Fund | ||||
Market | Percentage | |||
Value• | of Net | |||
Shares | ($000) | Assets | ||
Nintendo Co. Ltd. | 96,495 | 39,845 | 0.7% | |
Shin-Etsu Chemical Co. Ltd. | 360,250 | 39,736 | 0.7% | |
Daiichi Sankyo Co. Ltd. | 574,949 | 39,523 | 0.7% | |
Honda Motor Co. Ltd. | 1,558,886 | 37,856 | 0.7% | |
Recruit Holdings Co. Ltd. | 1,141,912 | 33,311 | 0.6% | |
Kao Corp. | 425,025 | 32,776 | 0.6% | |
Sumitomo Mitsui Financial Group Inc. | 1,175,388 | 30,909 | 0.6% | |
Daikin Industries Ltd. | 239,673 | 30,757 | 0.6% | |
NTT DOCOMO Inc. | 1,039,329 | 30,630 | 0.6% | |
Hoya Corp. | 332,546 | 30,326 | 0.5% | |
Murata Manufacturing Co. Ltd. | 515,379 | 29,040 | 0.5% | |
Tokyo Electron Ltd. | 134,684 | 28,685 | 0.5% | |
FANUC Corp. | 173,768 | 28,361 | 0.5% | |
Tokio Marine Holdings Inc. | 595,524 | 27,939 | 0.5% | |
Astellas Pharma Inc. | 1,683,701 | 27,847 | 0.5% | |
Mizuho Financial Group Inc. | 23,002,670 | 26,785 | 0.5% | |
Central Japan Railway Co. | 163,352 | 25,704 | 0.5% | |
Nippon Telegraph & Telephone Corp. | 1,097,886 | 25,003 | 0.5% | |
Hitachi Ltd. | 835,928 | 24,810 | 0.4% | |
Nidec Corp. | 421,066 | 24,512 | 0.4% | |
ITOCHU Corp. | 1,228,492 | 24,085 | 0.4% | |
East Japan Railway Co. | 326,745 | 23,859 | 0.4% | |
SMC Corp. | 51,929 | 23,473 | 0.4% | |
Chugai Pharmaceutical Co. Ltd. | 195,846 | 23,345 | 0.4% | |
Mitsubishi Corp. | 1,098,321 | 23,293 | 0.4% | |
Seven & i Holdings Co. Ltd. | 697,449 | 23,097 | 0.4% | |
Fast Retailing Co. Ltd. | 46,380 | 21,996 | 0.4% | |
Mitsubishi Electric Corp. | 1,786,614 | 21,984 | 0.4% | |
Softbank Corp. | 1,453,281 | 19,791 | 0.4% | |
NTT Data Corp. | 568,357 | 5,800 | 0.1% | |
Sony Financial Holdings Inc. | 138,410 | 2,624 | 0.1% | |
Hino Motors Ltd. | 242,756 | 1,444 | 0.0% | |
SB Technology Corp. | 7,300 | 181 | 0.0% | |
Japan—Other † | 2,046,877 | 36.9% | ||
3,346,339 | 60.3% | |||
New Zealand † | 51,528 | 0.9% | ||
Singapore | ||||
DBS Group Holdings Ltd. | 1,628,813 | 22,932 | 0.4% | |
§ | Singapore—Other † | 140,135 | 2.5% | |
163,067 | 2.9% | |||
South Korea | ||||
Samsung Electronics Co. Ltd. | 4,247,840 | 174,661 | 3.1% | |
SK Hynix Inc. | 466,594 | 32,110 | 0.6% | |
Samsung Electronics Co. Ltd. Preference Shares | 748,667 | 25,953 | 0.5% | |
§,1 | South Korea—Other † | 395,567 | 7.1% | |
628,291 | 11.3% | |||
Total Common Stocks (Cost $6,846,823) | 5,508,543 | 99.1% |
28
Pacific Stock Index Fund | ||||
Market | Percentage | |||
Value• | of Net | |||
Coupon | Shares | ($000) | Assets | |
Temporary Cash Investments | ||||
Money Market Fund | ||||
2,3 Vanguard Market Liquidity Fund | 0.522% | 382,976 | 38,298 | 0.7% |
4U.S. Government and Agency Obligations † | 5,969 | 0.1% | ||
Total Temporary Cash Investments (Cost $44,268) | 44,267 | 0.8% | ||
5Total Investments (Cost $6,891,091) | 5,552,810 | 99.9% | ||
Other Assets and Liabilities—Net3 | 3,333 | 0.1% | ||
Net Assets | 5,556,143 | 100.0% |
Cost rounded to $000.
• | See Note A in Notes to Financial Statements. |
§ | Certain of the fund’s securities are valued using significant unobservable inputs. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $22,394,000, representing 0.4% of net assets. |
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 $38,286,000 was received for securities on loan, of which $38,281,000 is held in Vanguard Market Liquidity Fund and $5,000 is held in cash. |
4 | Securities with a value of $4,374,000 have been segregated as initial margin for open futures contracts. |
5 | The total value of securities on loan is $35,890,000. |
29
Pacific Stock Index Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
($000) | |||||||||
Value and | |||||||||
Number of | Unrealized | ||||||||
Long (Short) | Notional | Appreciation | |||||||
Expiration | Contracts | Amount | (Depreciation) | ||||||
Long Futures Contracts | |||||||||
Topix Index | June 2020 | 258 | 34,956 | 1,671 | |||||
S&P ASX 200 Index | June 2020 | 113 | 10,199 | 1,451 | |||||
KOSPI 200 Index | June 2020 | 150 | 7,943 | 127 | |||||
E-mini S&P 500 Index | June 2020 | 9 | 1,306 | 283 | |||||
3,532 | |||||||||
Forward Currency Contracts | |||||||||
Contract | Unrealized | Unrealized | |||||||
Settlement | Contract Amount (000 | ) | Appreciation | (Depreciation) | |||||
Counterparty | Date | Receive | Deliver | ($000) | ($000) | ||||
Morgan Stanley Capital Services LLC | 7/2/20 | JPY | 1,357,464 | USD | 12,241 | 421 | — | ||
UBS AG | 7/2/20 | AUD | 13,529 | USD | 8,736 | 82 | — | ||
Toronto-Dominion Bank | 7/2/20 | AUD | 295 | USD | 175 | 17 | — | ||
Goldman Sachs International | 7/2/20 | USD | 12,467 | JPY | 1,357,464 | — | (195) | ||
Citibank, N.A. | 7/2/20 | USD | 7,627 | JPY | 816,585 | 10 | — | ||
530 | (195) |
AUD—Australian dollar.
JPY—Japanese yen.
USD—U.S. dollar.
At April 30, 2020, a counterparty had deposited in a segregated account cash of $510,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
30
Pacific Stock Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,852,791) | 5,514,512 |
Affiliated Issuers (Cost $38,300) | 38,298 |
Total Investments in Securities | 5,552,810 |
Investment in Vanguard | 267 |
Foreign Currency, at Value (Cost $16,830) | 16,854 |
Receivables for Investment Securities Sold | 92 |
Receivables for Accrued Income | 39,797 |
Receivables for Capital Shares Issued | 540 |
Variation Margin Receivable—Futures Contracts | 497 |
Unrealized Appreciation—Forward Currency Contracts | 530 |
Other Assets | 514 |
Total Assets | 5,611,901 |
Liabilities | |
Due to Custodian | 11,500 |
Payables for Investment Securities Purchased | 560 |
Collateral for Securities on Loan | 38,286 |
Payables for Capital Shares Redeemed | 3,346 |
Payables to Vanguard | 1,854 |
Variation Margin Payable—Futures Contracts | 17 |
Unrealized Depreciation—Forward Currency Contracts | 195 |
Total Liabilities | 55,758 |
Net Assets | 5,556,143 |
31
Pacific Stock Index Fund
Statement of Assets and Liabilities (continued)
At April 30, 2020, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 7,016,303 |
Total Distributable Earnings (Loss) | (1,460,160) |
Net Assets | 5,556,143 |
Investor Shares—Net Assets | |
Applicable to 823,696 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 9,248 |
Net Asset Value Per Share—Investor Shares | $11.23 |
ETF Shares—Net Assets | |
Applicable to 52,737,048 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,106,769 |
Net Asset Value Per Share—ETF Shares | $58.91 |
Admiral Shares—Net Assets | |
Applicable to 28,402,477 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,069,303 |
Net Asset Value Per Share—Admiral Shares | $72.86 |
Institutional Shares—Net Assets | |
Applicable to 33,267,747 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 370,823 |
Net Asset Value Per Share—Institutional Shares | $11.15 |
See accompanying Notes, which are an integral part of the Financial Statements.
32
Pacific Stock Index Fund
Statement of Operations
Six Months Ended | |
April 30, 2020 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 83,057 |
Interest2 | 93 |
Securities Lending—Net | 2,175 |
Total Income | 85,325 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 474 |
Management and Administrative—Investor Shares | — |
Management and Administrative—ETF Shares | 667 |
Management and Administrative—Admiral Shares | 848 |
Management and Administrative—Institutional Shares | 114 |
Marketing and Distribution—Investor Shares | 1 |
Marketing and Distribution—ETF Shares | 72 |
Marketing and Distribution—Admiral Shares | 64 |
Marketing and Distribution—Institutional Shares | 7 |
Custodian Fees | 251 |
Shareholders’ Reports—Investor Shares | — |
Shareholders’ Reports—ETF Shares | 295 |
Shareholders’ Reports—Admiral Shares | 12 |
Shareholders’ Reports—Institutional Shares | 10 |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 2,817 |
Expenses Paid Indirectly | (45) |
Net Expenses | 2,772 |
Net Investment Income | 82,553 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (102,451) |
Futures Contracts | (3,598) |
Forward Currency Contracts | (886) |
Foreign Currencies | (1,968) |
Realized Net Gain (Loss) | (108,903) |
33
Pacific Stock Index Fund
Statement of Operations (continued) | ||||
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Change in Unrealized Appreciation (Depreciation) | ||||
Investment Securities2 | (813,163 | ) | ||
Futures Contracts | 1,757 | |||
Forward Currency Contracts | 223 | |||
Foreign Currencies | 57 | |||
Change in Unrealized Appreciation (Depreciation) | (811,126 | ) | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (837,476 | ) |
1 | Dividends are net of foreign withholding taxes of $7,369,000. | |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $71,000, $1,000, and $6,000, respectively. Purchases and sales are for temporary cash investment purposes. | |
3 | Includes $1,018,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
34
Pacific Stock Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | ||||||
April 30, | October 31, | ||||||
2020 | 2019 | ||||||
($000) | ($000 | ) | |||||
Increase (Decrease) in Net Assets | |||||||
Operations | |||||||
Net Investment Income | 82,553 | 188,529 | |||||
Realized Net Gain (Loss) | (108,903) | 66,648 | |||||
Change in Unrealized Appreciation (Depreciation) | (811,126) | 342,615 | |||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (837,476) | 597,792 | |||||
Distributions1 | |||||||
Investor Shares | (171) | (4,688 | ) | ||||
ETF Shares | (59,569) | (112,354 | ) | ||||
Admiral Shares | (39,064) | (64,861 | ) | ||||
Institutional Shares | (7,533) | (13,355 | ) | ||||
Total Distributions | (106,337) | (195,258 | ) | ||||
Capital Share Transactions | |||||||
Investor Shares | (445) | (219,358 | ) | ||||
ETF Shares | (72,579) | (440,973 | ) | ||||
Admiral Shares | (72,266) | 146,193 | |||||
Institutional Shares | (75,223) | 34,023 | |||||
Net Increase (Decrease) from Capital Share Transactions | (220,513) | (480,115 | ) | ||||
Total Increase (Decrease) | (1,164,326) | (77,581 | ) | ||||
Net Assets | |||||||
Beginning of Period | 6,720,469 | 6,798,050 | |||||
End of Period | 5,556,143 | 6,720,469 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
35
Pacific Stock Index Fund
Financial Highlights
Investor Shares
Six Months | ||||||||||||||
Ended | ||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | ||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||
Net Asset Value, Beginning of Period | $13.01 | $12.24 | $13.56 | $11.42 | $10.99 | $11.59 | ||||||||
Investment Operations | ||||||||||||||
Net Investment Income | .1531 | .3091 | .3471 | .2951 | .257 | .258 | ||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||
on Investments | (1.734) | .801 | (1.336) | 2.141 | .426 | (.612) | ||||||||
Total from Investment Operations | (1.581) | 1.110 | (.989) | 2.436 | .683 | (.354) | ||||||||
Distributions | ||||||||||||||
Dividends from Net Investment Income | (.199) | (.340) | (.331) | (.296) | (.253) | (.246) | ||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||
Total Distributions | (.199) | (.340) | (.331) | (.296) | (.253) | (.246) | ||||||||
Net Asset Value, End of Period | $11.23 | $13.01 | $12.24 | $13.56 | $11.42 | $10.99 | ||||||||
Total Return2 | -12.39% | 9.39% | -7.53% | 21.71% | 6.40% | -3.07% | ||||||||
Ratios/Supplemental Data | ||||||||||||||
Net Assets, End of Period (Millions) | $9 | $11 | $225 | $296 | $281 | $309 | ||||||||
Ratio of Total Expenses to Average Net Assets | 0.23% | 0.23% | 0.23% | 0.26% | 0.26% | 0.26% | ||||||||
Ratio of Net Investment Income to Average Net Assets | 2.48% | 2.50% | 2.51% | 2.44% | 2.39% | 2.26% | ||||||||
Portfolio Turnover Rate3 | 1% | 4% | 4% | 3% | 4% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. | |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
36
Pacific Stock Index Fund
Financial Highlights
FTSE Pacific ETF Shares
Six Months | |||||||||||||||
Ended | |||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||
Net Asset Value, Beginning of Period | $68.25 | $64.24 | $71.13 | $59.92 | $57.65 | $60.80 | |||||||||
Investment Operations | |||||||||||||||
Net Investment Income | .8451 | 1.8231 | 1.8951 | 1.6771 | 1.440 | 1.443 | |||||||||
Net Realized and Unrealized Gain (Loss) | |||||||||||||||
on Investments | (9.104) | 4.071 | (6.940) | 11.195 | 2.240 | (3.210) | |||||||||
Total from Investment Operations | (8.259) | 5.894 | (5.045) | 12.872 | 3.680 | (1.767) | |||||||||
Distributions | |||||||||||||||
Dividends from Net Investment Income | (1.081) | (1.884) | (1.845) | (1.662) | (1.410) | (1.383) | |||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||||
Total Distributions | (1.081) | (1.884) | (1.845) | (1.662) | (1.410) | (1.383) | |||||||||
Net Asset Value, End of Period | $58.91 | $68.25 | $64.24 | $71.13 | $59.92 | $57.65 | |||||||||
Total Return | -12.34% | 9.53% | -7.34% | 21.89% | 6.59% | -2.93% | |||||||||
Ratios/Supplemental Data | |||||||||||||||
Net Assets, End of Period (Millions) | $3,107 | $3,708 | $3,927 | $5,015 | $3,217 | $2,931 | |||||||||
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.09% | 0.10% | 0.10% | 0.12% | |||||||||
Ratio of Net Investment Income to Average Net Assets | 2.61% | 2.80% | 2.65% | 2.60% | 2.55% | 2.40% | |||||||||
Portfolio Turnover Rate2 | 1% | 4% | 4% | 3% | 4% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
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Pacific Stock Index Fund
Financial Highlights
Admiral Shares
Six Months | |||||||||||||||
Ended | |||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||
Net Asset Value, Beginning of Period | $84.41 | $79.43 | $87.97 | $74.10 | $71.30 | $75.19 | |||||||||
Investment Operations | |||||||||||||||
Net Investment Income | 1.0431 | 2.2511 | 2.3601 | 2.0491 | 1.781 | 1.783 | |||||||||
Net Realized and Unrealized Gain (Loss) | |||||||||||||||
on Investments | (11.265) | 5.031 | (8.618) | 13.876 | 2.763 | (3.963) | |||||||||
Total from Investment Operations | (10.222) | 7.282 | (6.258) | 15.925 | 4.544 | (2.180) | |||||||||
Distributions | |||||||||||||||
Dividends from Net Investment Income | (1.328) | (2.302) | (2.282) | (2.055) | (1.744) | (1.710) | |||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||||
Total Distributions | (1.328) | (2.302) | (2.282) | (2.055) | (1.744) | (1.710) | |||||||||
Net Asset Value, End of Period | $72.86 | $84.41 | $79.43 | $87.97 | $74.10 | $71.30 | |||||||||
Total Return2 | -12.35% | 9.50% | -7.36% | 21.90% | 6.57% | -2.92% | |||||||||
Ratios/Supplemental Data | |||||||||||||||
Net Assets, End of Period (Millions) | $2,069 | $2,493 | $2,202 | $2,388 | $1,983 | $1,981 | |||||||||
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.12% | |||||||||
Ratio of Net Investment Income to Average Net Assets | 2.61% | 2.80% | 2.64% | 2.60% | 2.55% | 2.40% | |||||||||
Portfolio Turnover Rate3 | 1% | 4% | 4% | 3% | 4% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. | |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
38
Pacific Stock Index Fund
Financial Highlights
Institutional Shares
Six Months | |||||||||||||||
Ended | |||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||
Net Asset Value, Beginning of Period | $12.91 | $12.15 | $13.46 | $11.34 | $10.91 | $11.50 | |||||||||
Investment Operations | |||||||||||||||
Net Investment Income | .1581 | .3461 | .3641 | .3201 | .275 | .276 | |||||||||
Net Realized and Unrealized Gain (Loss) | |||||||||||||||
on Investments | (1.714) | .770 | (1.323) | 2.118 | .424 | (.601) | |||||||||
Total from Investment Operations | (1.556) | 1.116 | (.959) | 2.438 | .699 | (.325) | |||||||||
Distributions | |||||||||||||||
Dividends from Net Investment Income | (.204) | (.356) | (.351) | (.318) | (.269) | (.265) | |||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||||
Total Distributions | (.204) | (.356) | (.351) | (.318) | (.269) | (.265) | |||||||||
Net Asset Value, End of Period | $11.15 | $12.91 | $12.15 | $13.46 | $11.34 | $10.91 | |||||||||
Total Return | -12.29% | 9.51% | -7.37% | 21.91% | 6.61% | -2.84% | |||||||||
Ratios/Supplemental Data | |||||||||||||||
Net Assets, End of Period (Millions) | $371 | $508 | $443 | $408 | $291 | $329 | |||||||||
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.09% | |||||||||
Ratio of Net Investment Income to Average Net Assets | 2.57% | 2.81% | 2.66% | 2.62% | 2.57% | 2.43% | |||||||||
Portfolio Turnover Rate2 | 1% | 4% | 4% | 3% | 4% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
39
Pacific Stock Index Fund
Notes to Financial Statements
Vanguard Pacific Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers four classes of shares: Investor Shares, ETF Shares, Admiral Shares and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Pacific ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at April 30, 2020, the fund had a concentration of its investments in securities issued in Japan, and the performance of such investments may be impacted by the country’s social, political, and economic conditions. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
3. 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,
40 |
Pacific Stock Index Fund
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 counter-party 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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value
41 |
Pacific Stock Index Fund
of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented less than 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these
42 |
Pacific Stock Index Fund
fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
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Pacific Stock Index Fund
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $267,000, representing less than 0.01% of the fund’s net assets and 0.11% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended April 30, 2020, custodian fee offset arrangements reduced the fund’s expenses by $45,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | |||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | — | 5,504,695 | 3,848 | 5,508,543 | ||||||||||||
Temporary Cash Investments | 38,298 | 5,969 | — | 44,267 | ||||||||||||
Total | 38,298 | 5,510,664 | 3,848 | 5,552,810 | ||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts1 | 497 | — | — | 497 | ||||||||||||
Forward Currency Contracts | — | 530 | — | 530 | ||||||||||||
Total | 497 | 530 | — | 1,027 | ||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts1 | 17 | — | — | 17 | ||||||||||||
Forward Currency Contracts | — | 195 | — | 195 | ||||||||||||
Total | 17 | 195 | — | 212 |
1 Represents variation margin on the last day of the reporting period.
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Pacific Stock Index Fund
E. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Statement of Assets and Liabilities Caption | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Variation Margin Receivable—Futures Contracts | 497 | — | 497 | |||||||||
Unrealized Appreciation—Forward Currency Contracts | — | 530 | 530 | |||||||||
Total Assets | 497 | 530 | 1,027 | |||||||||
Variation Margin Payable—Futures Contracts | 17 | — | 17 | |||||||||
Unrealized Depreciation—Forward Currency Contracts | — | 195 | 195 | |||||||||
Total Liabilities | 17 | 195 | 212 |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Realized Net Gain (Loss) on Derivatives | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Futures Contracts | (3,598 | ) | — | (3,598 | ) | |||||||
Forward Currency Contracts | — | (886 | ) | (886 | ) | |||||||
Realized Net Gain (Loss) on Derivatives | (3,598 | ) | (886 | ) | (4,484 | ) | ||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | �� | |||||||||||
Futures Contracts | 1,757 | — | 1,757 | |||||||||
Forward Currency Contracts | — | 223 | 223 | |||||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | 1,757 | 223 | 1,980 |
F. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | ||||
($000 | ) | |||
Tax Cost | 6,891,091 | |||
Gross Unrealized Appreciation | 976,239 | |||
Gross Unrealized Depreciation | (2,310,653 | ) | ||
Net Unrealized Appreciation (Depreciation) | (1,334,414 | ) |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling 32,352,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital
45 |
Pacific Stock Index Fund
losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G. During the six months ended April 30, 2020, the fund purchased $67,419,000 of investment securities and sold $316,963,000 of investment securities, other than temporary cash investments. Purchases and sales include $0 and $125,517,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
H. | Capital share transactions for each class of shares were: |
Six Months Ended | Year Ended | |||||||||||||||
April 30, 2020 | October 31, 2019 | |||||||||||||||
Amount | Shares | Amount | Shares | |||||||||||||
($000 | ) | (000 | ) | ($000 | ) | (000 | ) | |||||||||
Investor Shares | ||||||||||||||||
Issued | 1,316 | 104 | 43,420 | 3,438 | ||||||||||||
Issued in Lieu of Cash Distributions | 171 | 13 | 4,307 | 372 | ||||||||||||
Redeemed1 | (1,932 | ) | (152 | ) | (267,085 | ) | (21,347 | ) | ||||||||
Net Increase (Decrease)—Investor Shares | (445 | ) | (35 | ) | (219,358 | ) | (17,537 | ) | ||||||||
ETF Shares | ||||||||||||||||
Issued | 69,093 | 1,007 | 98,576 | 1,493 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | — | — | ||||||||||||
Redeemed | (141,672 | ) | (2,600 | ) | (539,549 | ) | (8,300 | ) | ||||||||
Net Increase (Decrease)—ETF Shares | (72,579 | ) | (1,593 | ) | (440,973 | ) | (6,807 | ) | ||||||||
Admiral Shares | ||||||||||||||||
Issued1 | 171,301 | 2,186 | 429,129 | 5,326 | ||||||||||||
Issued in Lieu of Cash Distributions | 31,282 | 364 | 52,040 | 680 | ||||||||||||
Redeemed | (274,849 | ) | (3,681 | ) | (334,976 | ) | (4,198 | ) | ||||||||
Net Increase (Decrease)—Admiral Shares | (72,266 | ) | (1,131 | ) | 146,193 | 1,808 | ||||||||||
Institutional Shares | ||||||||||||||||
Issued | 26,326 | 2,369 | 90,651 | 7,402 | ||||||||||||
Issued in Lieu of Cash Distributions | 5,056 | 385 | 9,282 | 792 | ||||||||||||
Redeemed | (106,605 | ) | (8,826 | ) | (65,910 | ) | (5,326 | ) | ||||||||
Net Increase (Decrease)—Institutional Shares | (75,223 | ) | (6,072 | ) | 34,023 | 2,868 |
1 In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019, with the exception of those held by Vanguard funds and certain other institutional investors. Investor Shares—Redeemed and Admiral Shares—Issued include 151 and 23 shares, respectively, in the amount of $2,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares—Issued include 15,992,000 and 2,464,000 shares, respectively, in the amount of $199,625,000 from the conversion during the year ended October 31, 2019.
I. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
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Trustees Approve Advisory Arrangements
The board of trustees of Vanguard European Stock Index Fund and Vanguard Pacific Stock Index Fund has renewed each fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Equity Index Group. The board determined that continuing each fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangements. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the funds’ investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Equity Index Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangements.
Investment performance
The board considered the short- and long-term performance of each fund, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangements should continue.
Cost
The board concluded that each fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that each fund’s advisory expenses were also well below the peer-group average.
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
47 |
The benefit of economies of scale
The board concluded that the funds’ arrangements with Vanguard ensure that the funds will realize economies of scale as they grow, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangements again after a one-year period.
48 |
Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard International Equity Index Funds approved the appointment of liquidity risk management program administrators responsible for administering the Program for Vanguard European Stock Index Fund and Vanguard Pacific Stock Index Fund, and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the funds’ liquidity risk.
49 |
London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
50 |
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Connect with Vanguard® > vanguard.com
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This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
© 2020 The Vanguard Group, Inc. All rights reserved.
U.S. Patent Nos. 6,879,964; 7,337,138;
7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636.
Vanguard Marketing Corporation, Distributor.
Q722 062020
Semiannual Report | April 30, 2020 | |
Vanguard Total World Stock Index Fund | |
See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. | |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 26 |
Liquidity Risk Management | 28 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1 |
Six Months Ended April 30, 2020
Beginning | Ending | Expenses | |||||||||
Account Value | Account Value | Paid During | |||||||||
Total World Stock Index Fund | 10/31/2019 | 4/30/2020 | Period | ||||||||
Based on Actual Fund Return | |||||||||||
ETF Shares | $1,000.00 | $915.40 | $0.38 | ||||||||
Admiral™ Shares | 1,000.00 | 915.19 | 0.48 | ||||||||
Institutional Shares | 1,000.00 | 915.40 | 0.38 | ||||||||
Based on Hypothetical 5% Yearly Return | |||||||||||
ETF Shares | $1,000.00 | $1,024.47 | $0.40 | ||||||||
Admiral Shares | 1,000.00 | 1,024.37 | 0.50 | ||||||||
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.08% for ETF Shares, 0.10% for Admiral Shares, and 0.08% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2 |
Total World Stock Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 4.0 | % | ||
Consumer Goods | 10.7 | |||
Consumer Services | 12.2 | |||
Financials | 18.9 | |||
Health Care | 12.8 | |||
Industrials | 12.7 | |||
Oil & Gas | 3.8 | |||
Other | 0.0 | |||
Technology | 19.0 | |||
Telecommunications | 2.6 | |||
Utilities | 3.3 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, at-tempting to remain fully invested and tracking their target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
3 |
Total World Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | ||||
Value• | of Net | ||||
Shares | ($000) | Assets | |||
Common Stocks | |||||
§,1Australia † | 334,339 | 1.9 | % | ||
1Austria † | 13,132 | 0.1 | % | ||
Belgium † | 50,919 | 0.3 | % | ||
1Brazil † | 102,613 | 0.6 | % | ||
1Canada † | 456,963 | 2.6 | % | ||
Chile † | 14,054 | 0.1 | % | ||
China | |||||
* | Alibaba Group Holding Ltd. ADR | 628,172 | 127,312 | 0.7 | % |
Tencent Holdings Ltd. | 2,047,467 | 107,634 | 0.6 | % | |
§,1 | China—Other † | 521,424 | 3.0 | % | |
756,370 | 4.3 | % | |||
Colombia † | 5,526 | 0.0 | % | ||
1Czech Republic † | 2,240 | 0.0 | % | ||
§,1Denmark † | 107,681 | 0.6 | % | ||
Egypt † | 3,287 | 0.0 | % | ||
Finland † | 62,348 | 0.3 | % | ||
§,1France † | 462,242 | 2.6 | % |
4 |
Total World Stock Index Fund
Market | Percentage | |||
Value• | of Net | |||
Shares | ($000) | Assets | ||
1Germany † | 413,244 | 2.3 | % | |
§Greece † | 5,322 | 0.0 | % | |
§,1Hong Kong † | 187,543 | 1.1 | % | |
Hungary † | 4,666 | 0.0 | % | |
§,1India † | 178,764 | 1.0 | % | |
§Indonesia † | 29,887 | 0.2 | % | |
§Ireland † | 18,588 | 0.1 | % | |
Israel † | 29,388 | 0.2 | % | |
1Italy † | 115,938 | 0.7 | % | |
Japan | ||||
Toyota Motor Corp. | 884,804 | 54,705 | 0.3 | % |
Japan—Other † | 1,272,934 | 7.2 | % | |
1,327,639 | 7.5 | % | ||
Kuwait † | 14,096 | 0.1 | % | |
Luxembourg † | 514 | 0.0 | % | |
§,1Malaysia † | 47,022 | 0.3 | % | |
§Malta † | — | 0.0 | % | |
1Mexico † | 38,638 | 0.2 | % | |
1Netherlands † | 187,646 | 1.1 | % | |
New Zealand † | 20,447 | 0.1 | % | |
1Norway † | 36,990 | 0.2 | % | |
Pakistan † | 2,362 | 0.0 | % | |
Peru † | 1,589 | 0.0 | % | |
§,1Philippines † | 19,621 | 0.1 | % | |
1Poland † | 15,136 | 0.1 | % | |
Portugal † | 10,392 | 0.1 | % | |
Qatar † | 19,071 | 0.1 | % | |
§,1Russia † | 62,231 | 0.3 | % | |
1Saudi Arabia † | 47,563 | 0.3 | % |
5 |
Total World Stock Index Fund
Market | Percentage | |||||
Value• | of Net | |||||
Shares | ($000 | ) | Assets | |||
§Singapore † | 64,275 | 0.4 | % | |||
1South Africa † | 75,217 | 0.4 | % | |||
§,1South Korea † | 251,095 | 1.4 | % | |||
§,1Spain † | 118,002 | 0.7 | % | |||
1Sweden † | 157,064 | 0.9 | % | |||
Switzerland | ||||||
* | Nestle SA | 1,037,777 | 109,911 | 0.6 | % | |
Roche Holding AG | 249,940 | 86,554 | 0.5 | % | ||
Novartis AG | 763,440 | 65,151 | 0.4 | % | ||
§,1 | Switzerland—Other † | 223,697 | 1.3 | % | ||
485,313 | 2.8 | % | ||||
Taiwan | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 5,371,165 | 54,183 | 0.3 | % | ||
§ | Taiwan—Other † | 244,637 | 1.4 | % | ||
298,820 | 1.7 | % | ||||
§Thailand † | 58,506 | 0.3 | % | |||
§,1Turkey † | 12,182 | 0.1 | % | |||
§United Arab Emirates † | 14,105 | 0.1 | % | |||
United Kingdom | ||||||
AstraZeneca plc | 470,486 | 49,210 | 0.3 | % | ||
§,1 | United Kingdom—Other † | 708,263 | 4.0 | % | ||
757,473 | 4.3 | % | ||||
United States | ||||||
§Basic Materials † | 197,599 | 1.1 | % | |||
Consumer Goods | ||||||
Procter & Gamble Co. | 870,210 | 102,572 | 0.6 | % | ||
PepsiCo Inc. | 501,391 | 66,329 | 0.4 | % | ||
Coca-Cola Co. | 1,372,269 | 62,973 | 0.3 | % | ||
Consumer Goods—Other † | 561,378 | 3.2 | % | |||
793,252 | 4.5 | % | ||||
Consumer Services | ||||||
* | Amazon.com Inc. | 149,688 | 370,328 | 2.1 | % | |
Home Depot Inc. | 390,656 | 85,878 | 0.5 | % | ||
Walt Disney Co. | 625,959 | 67,697 | 0.4 | % | ||
Netflix Inc. | 150,921 | 63,364 | 0.3 | % | ||
Comcast Corp. Class A | 1,614,266 | 60,745 | 0.3 | % | ||
Walmart Inc. | 496,205 | 60,314 | 0.3 | % | ||
McDonald’s Corp. | 269,190 | 50,489 | 0.3 | % | ||
Costco Wholesale Corp. | 156,884 | 47,536 | 0.3 | % | ||
Consumer Services—Other † | 593,407 | 3.4 | % | |||
1,399,758 | 7.9 | % |
6
Total World Stock Index Fund
Market | Percentage | |||||
Value• | of Net | |||||
Shares | ($000 | ) | Assets | |||
Financials | ||||||
Visa Inc. Class A | 612,912 | 109,540 | 0.6 | % | ||
JPMorgan Chase & Co. | 1,117,577 | 107,019 | 0.6 | % | ||
* | Berkshire Hathaway Inc. Class B | 534,393 | 100,124 | 0.6 | % | |
Mastercard Inc. Class A | 317,383 | 87,271 | 0.5 | % | ||
Bank of America Corp. | 2,867,165 | 68,955 | 0.4 | % | ||
Financials—Other † | 1,196,445 | 6.8 | % | |||
1,669,354 | 9.5 | % | ||||
Health Care | ||||||
Johnson & Johnson | 950,554 | 142,621 | 0.8 | % | ||
UnitedHealth Group Inc. | 338,229 | 98,922 | 0.5 | % | ||
Pfizer Inc. | 1,991,703 | 76,402 | 0.4 | % | ||
Merck & Co. Inc. | 911,499 | 72,318 | 0.4 | % | ||
Abbott Laboratories | 615,935 | 56,721 | 0.3 | % | ||
Bristol-Myers Squibb Co. | 836,042 | 50,840 | 0.3 | % | ||
Amgen Inc. | 211,234 | 50,531 | 0.3 | % | ||
Thermo Fisher Scientific Inc. | 142,577 | 47,718 | 0.3 | % | ||
Eli Lilly and Co. | 304,241 | 47,048 | 0.3 | % | ||
Medtronic plc | 479,848 | 46,848 | 0.3 | % | ||
AbbVie Inc. | 530,046 | 43,570 | 0.2 | % | ||
Health Care—Other † | 717,405 | 4.1 | % | |||
1,450,944 | 8.2 | % | ||||
Industrials | ||||||
* | PayPal Holdings Inc. | 420,777 | 51,756 | 0.3 | % | |
Industrials—Other † | 1,115,251 | 6.3 | % | |||
1,167,007 | 6.6 | % | ||||
Oil & Gas | ||||||
Exxon Mobil Corp. | 1,519,117 | 70,593 | 0.4 | % | ||
Chevron Corp. | 683,202 | 62,855 | 0.4 | % | ||
Oil & Gas—Other † | 176,979 | 1.0 | % | |||
310,427 | 1.8 | % | ||||
§,2Other † | 8 | 0.0 | % | |||
Technology | ||||||
Microsoft Corp. | 2,706,606 | 485,051 | 2.8 | % | ||
Apple Inc. | 1,475,470 | 433,493 | 2.5 | % | ||
* | Facebook Inc. Class A | 855,884 | 175,208 | 1.0 | % | |
* | Alphabet Inc. Class C | 111,607 | 150,520 | 0.9 | % | |
* | Alphabet Inc. Class A | 102,925 | 138,609 | 0.8 | % | |
Intel Corp. | 1,531,837 | 91,880 | 0.5 | % | ||
Cisco Systems Inc. | 1,533,416 | 64,986 | 0.4 | % | ||
NVIDIA Corp. | 209,072 | 61,108 | 0.3 | % | ||
* | Adobe Inc. | 172,301 | 60,933 | 0.3 | % | |
* | salesforce.com Inc. | 304,711 | 49,348 | 0.3 | % | |
Technology—Other † | 818,021 | 4.6 | % | |||
2,529,157 | 14.4 | % |
7
Total World Stock Index Fund
Market | Percentage | ||||
Value• | of Net | ||||
Shares | ($000 | ) | Assets | ||
Telecommunications | |||||
Verizon Communications Inc. | 1,479,382 | 84,991 | 0.5% | ||
AT&T Inc. | 2,612,438 | 79,601 | 0.5% | ||
Telecommunications—Other † | 22,324 | 0.1% | |||
186,916 | 1.1% | ||||
Utilities † | 321,116 | 1.8% | |||
10,025,538 | 56.9% | ||||
Total Common Stocks (Cost $16,469,319) | 17,523,601 | 99.5% |
Coupon | ||||||
Temporary Cash Investments | ||||||
Money Market Fund | ||||||
3,4 Vanguard Market Liquidity Fund | 0.522% | 1,791,311 | 179,131 | 1.0% | ||
5U.S. Government and Agency Obligations † | 29,897 | 0.2% | ||||
Total Temporary Cash Investments (Cost $209,012) | 209,028 | 1.2% | ||||
6Total Investments (Cost $16,678,331) | 17,732,629 | 100.7% | ||||
Other Assets and Liabilities—Net4,7 | (123,137 | ) | (0.7% | ) | ||
Net Assets | 17,609,492 | 100.0% |
Cost rounded to $000.
• | See Note A in Notes to Financial Statements. |
§ | Certain of the fund’s securities are valued using significant unobservable inputs. |
* | Non-income-producing security. | |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $169,921,000 representing 1.0% of net assets. |
2 | “Other” represents securities that are not classified by the fund’s benchmark index. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $158,377,000 was received for securities on loan, of which $157,961,000 is held in Vanguard Market Liquidity Fund and $416,000 is held in cash. |
5 | Securities with a value of $12,218,000 have been segregated as initial margin for open futures contracts. |
6 | The total value of securities on loan is $146,114,000. |
7 | Cash of $180,000 has been segregated as collateral for open forward currency contracts. ADR—American Depositary Receipt. |
8
Total World Stock Index Fund
Derivative Financial Instruments Outstanding as of Period End |
Futures Contracts |
($000 | ) | |||||
Value and | ||||||
Number of | Unrealized | |||||
Long (Short | ) | Notional | Appreciation | |||
Expiration | Contracts | Amount | (Depreciation | ) | ||
Long Futures Contracts | ||||||
E-mini S&P 500 Index | June 2020 | 231 | 33,523 | 4,501 | ||
MSCI Emerging Market Index | June 2020 | 364 | 16,487 | 2,258 | ||
Dow Jones EURO STOXX 50 Index | June 2020 | 349 | 11,041 | 2,151 | ||
Topix Index | June 2020 | 70 | 9,484 | 1,785 | ||
E-mini Russell 2000 Index | June 2020 | 140 | 9,147 | 1,670 | ||
S&P TSX 60 Index | June 2020 | 37 | 4,722 | 873 | ||
FTSE 100 Index | June 2020 | 61 | 4,521 | 631 | ||
S&P ASX 200 Index | June 2020 | 36 | 3,249 | 428 | ||
14,297 |
Forward Currency Contracts | |||||||||||
Contract | Unrealized | Unrealized | |||||||||
Settlement | Contract Amount (000) | Appreciation | (Depreciation | ) | |||||||
Counterparty | Date | Receive | Deliver | ($000 | ) | ($000 | ) | ||||
Morgan Stanley Capital Services LLC | 7/2/20 | EUR | 16,958 | USD | 18,369 | 239 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | JPY | 925,627 | USD | 8,486 | 148 | — | ||||
Royal Bank of Canada | 7/2/20 | JPY | 876,307 | USD | 7,899 | 275 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | AUD | 7,844 | USD | 4,765 | 348 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | EUR | 4,113 | USD | 4,468 | 46 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | GBP | 3,310 | USD | 4,096 | 74 | — | ||||
Royal Bank of Canada | 7/2/20 | CAD | 5,849 | USD | 4,048 | 154 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | EUR | 3,419 | USD | 3,797 | — | (45 | ) | |||
Goldman Sachs International | 7/2/20 | GBP | 3,060 | USD | 3,580 | 275 | — | ||||
Royal Bank of Canada | 7/2/20 | JPY | 347,863 | USD | 3,283 | — | (38 | ) | |||
Goldman Sachs International | 7/2/20 | CAD | 1,748 | USD | 1,209 | 46 | — | ||||
Morgan Stanley Capital Services LLC | 7/2/20 | GBP | 928 | USD | 1,088 | 82 | — | ||||
UBS AG | 7/2/20 | HKD | 7,350 | USD | 947 | — | — | ||||
Royal Bank of Canada | 7/2/20 | CAD | 709 | USD | 516 | — | (7 | ) | |||
Royal Bank of Canada | 7/2/20 | AUD | 570 | USD | 370 | 2 | — | ||||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 12,002 | JPY | 1,293,653 | — | (65 | ) | |||
Royal Bank of Canada | 7/2/20 | USD | 11,998 | JPY | 1,306,775 | — | (191 | ) | |||
Bank of America, N.A. | 7/2/20 | USD | 7,699 | CHF | 7,516 | — | (102 | ) | |||
Deutsche Bank AG | 7/2/20 | USD | 7,287 | EUR | 6,735 | — | (104 | ) | |||
UBS AG | 7/2/20 | USD | 5,698 | EUR | 5,272 | — | (88 | ) |
9
Total World Stock Index Fund
Forward Currency Contracts (continued) |
Contract | Unrealized | Unrealized | ||||||||
Settlement | Contract Amount (000) | Appreciation | (Depreciation | ) | ||||||
Counterparty | Date | Receive | Deliver | ($000 | ) | ($000 | ) | |||
Bank of America, N.A. | 7/2/20 | USD | 3,574 | EUR | 3,283 | — | (29 | ) | ||
Morgan Stanley Capital Services LLC | 7/2/20 | USD | 3,285 | CAD | 4,617 | — | (33 | ) | ||
Royal Bank of Canada | 7/2/20 | USD | 3,078 | GBP | 2,463 | — | (24 | ) | ||
BNP Paribas | 7/2/20 | USD | 2,162 | KRW | 2,645,559 | — | (11 | ) | ||
UBS AG | 7/2/20 | USD | 2,013 | CHF | 1,943 | — | (4 | ) | ||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 1,655 | GBP | 1,347 | — | (42 | ) | ||
HSBC Bank USA, N.A. | 7/2/20 | USD | 1,326 | HKD | 10,286 | — | — | |||
UBS AG | 7/2/20 | USD | 1,187 | AUD | 1,862 | — | (27 | ) | ||
Toronto-Dominion Bank | 7/2/20 | USD | 661 | AUD | 1,113 | — | (65 | ) | ||
Royal Bank of Canada | 5/6/20 | USD | 623 | SEK | 6,144 | — | (6 | ) | ||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 615 | DKK | 4,237 | — | (8 | ) | ||
State Street Bank & Trust Co. | 7/2/20 | USD | 179 | GBP | 144 | — | (2 | ) | ||
1,689 | (891 | ) |
AUD—Australian dollar.
CAD—Canadian dollar.
CHF—Swiss franc.
DKK—Danish krone.
EUR—euro.
GBP—British pound.
HKD—Hong Kong dollar.
JPY—Japanese yen.
KRW—Korean won.
SEK—Swedish krona.
USD—U.S. dollar.
At April 30, 2020, a counterparty had deposited in segregated accounts securities with a value of $112,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
10
Total World Stock Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount | |||
Assets | ||||
Investments in Securities, at Value | ||||
Unaffiliated Issuers (Cost $16,499,216) | 17,553,498 | |||
Affiliated Issuers (Cost $179,115) | 179,131 | |||
Total Investments in Securities | 17,732,629 | |||
Investment in Vanguard | 823 | |||
Cash | 2,493 | |||
Cash Collateral Pledged—Forward Currency Contracts | 180 | |||
Foreign Currency, at Value (Cost $13,482) | 13,507 | |||
Receivables for Investment Securities Sold | 32,607 | |||
Receivables for Accrued Income | 43,821 | |||
Receivables for Capital Shares Issued | 3,937 | |||
Variation Margin Receivable—Futures Contracts | 1,065 | |||
Unrealized Appreciation—Forward Currency Contracts | 1,689 | |||
Total Assets | 17,832,751 | |||
Liabilities | ||||
Payables for Investment Securities Purchased | 747 | |||
Collateral for Securities on Loan | 158,377 | |||
Payables for Capital Shares Redeemed | 59,343 | |||
Payables to Vanguard | 1,468 | |||
Variation Margin Payable—Futures Contracts | 2,433 | |||
Unrealized Depreciation—Forward Currency Contracts | 891 | |||
Total Liabilities | 223,259 | |||
Net Assets | 17,609,492 |
11
Total World Stock Index Fund
Statement of Assets and Liabilities (continued) | ||||
At April 30, 2020, net assets consisted of: | ||||
($000s, except shares and per-share amounts) | Amount | |||
Paid-in Capital | 16,830,077 | |||
Total Distributable Earnings (Loss) | 779,415 | |||
Net Assets | 17,609,492 | |||
ETF Shares—Net Assets | ||||
Applicable to 178,897,362 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 12,437,715 | |||
Net Asset Value Per Share—ETF Shares | $69.52 | |||
Admiral Shares—Net Assets | ||||
Applicable to 98,660,921 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 2,430,158 | |||
Net Asset Value Per Share—Admiral Shares | $24.63 | |||
Institutional Shares—Net Assets | ||||
Applicable to 19,309,564 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 2,741,619 | |||
Net Asset Value Per Share—Institutional Shares | $141.98 |
See accompanying Notes, which are an integral part of the Financial Statements.
12
Total World Stock Index Fund
Statement of Operations
Six Months Ended | ||||
April 30, 2020 | ||||
($000) | ||||
Investment Income | ||||
Income | ||||
Dividends1 | 186,769 | |||
Interest2 | 658 | |||
Securities Lending—Net | 2,252 | |||
Total Income | 189,679 | |||
Expenses | ||||
The Vanguard Group—Note B | ||||
Investment Advisory Services | 1,212 | |||
Management and Administrative—ETF Shares | 3,460 | |||
Management and Administrative—Admiral Shares | 851 | |||
Management and Administrative—Institutional Shares | 856 | |||
Marketing and Distribution—ETF Shares | 406 | |||
Marketing and Distribution—Admiral Shares | 72 | |||
Marketing and Distribution—Institutional Shares | 64 | |||
Custodian Fees | 457 | |||
Shareholders’ Reports—ETF Shares | 50 | |||
Shareholders’ Reports—Admiral Shares | 12 | |||
Shareholders’ Reports—Institutional Shares | 2 | |||
Trustees’ Fees and Expenses | 5 | |||
Total Expenses | 7,447 | |||
Net Investment Income | 182,232 | |||
Realized Net Gain (Loss) | ||||
Investment Securities Sold2,3 | 34,976 | |||
Futures Contracts | (15,799 | ) | ||
Forward Currency Contracts | (1,147 | ) | ||
Foreign Currencies | (1,146 | ) | ||
Realized Net Gain (Loss) | 16,884 | |||
Change in Unrealized Appreciation (Depreciation) | ||||
Investment Securities2 | (1,666,687 | ) | ||
Futures Contracts | 13,059 | |||
Forward Currency Contracts | 712 | |||
Foreign Currencies | 103 | |||
Change in Unrealized Appreciation (Depreciation) | (1,652,813 | ) | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,453,697 | ) |
1 | Dividends are net of foreign withholding taxes of $9,805,000. | |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $618,000, ($156,000), and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. | |
3 | Includes $143,535,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
13
Total World Stock Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | |||||||
April 30, | October 31, | |||||||
2020 | 2019 | |||||||
($000) | ($000) | |||||||
Increase (Decrease) in Net Assets | ||||||||
Operations | ||||||||
Net Investment Income | 182,232 | 422,452 | ||||||
Realized Net Gain (Loss) | 16,884 | 825,867 | ||||||
Change in Unrealized Appreciation (Depreciation) | (1,652,813 | ) | 837,005 | |||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,453,697 | ) | 2,085,324 | |||||
Distributions1 | ||||||||
Investor Shares | — | (23,866 | ) | |||||
ETF Shares | (141,833 | ) | (296,938 | ) | ||||
Admiral Shares | (24,827 | ) | (21,786 | ) | ||||
Institutional Shares | (33,467 | ) | (67,253 | ) | ||||
Total Distributions | (200,127 | ) | (409,843 | ) | ||||
Capital Share Transactions | ||||||||
Investor Shares | (3,594 | ) | (1,806,070 | ) | ||||
ETF Shares | 1,488,734 | (464,794 | ) | |||||
Admiral Shares | 442,475 | 2,117,243 | ||||||
Institutional Shares | 106,175 | 83,950 | ||||||
Net Increase (Decrease) from Capital Share Transactions | 2,033,790 | (69,671 | ) | |||||
Total Increase (Decrease) | 379,966 | 1,605,810 | ||||||
Net Assets | ||||||||
Beginning of Period | 17,229,526 | 15,623,716 | ||||||
End of Period | 17,609,492 | 17,229,526 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
14
Total World Stock Index Fund
Financial Highlights
Investor Shares
Nov. 1, | ||||||||||||||||||||||||
2019, to | ||||||||||||||||||||||||
For a Share Outstanding | Nov. 7, | Year Ended October 31, | ||||||||||||||||||||||
Throughout Each Period | 20191 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||
Net Asset Value, Beginning of Period | $31.31 | $28.51 | $29.40 | $24.30 | $24.18 | $24.82 | ||||||||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net Investment Income | .0122 | .6862 | .6792 | .5932 | .565 | .557 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||||||||||||
on Investments | .558 | 2.804 | (.916 | ) | 5.105 | .089 | (.643 | ) | ||||||||||||||||
Total from Investment Operations | .570 | 3.490 | (.237 | ) | 5.698 | .654 | (.086 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Dividends from Net Investment Income | — | (.690 | ) | (.653 | ) | (.598 | ) | (.534 | ) | (.554 | ) | |||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||||||||
Total Distributions | — | (.690 | ) | (.653 | ) | (.598 | ) | (.534 | ) | (.554 | ) | |||||||||||||
Net Asset Value, End of Period | $31.881 | $31.31 | $28.51 | $29.40 | $24.30 | $24.18 | ||||||||||||||||||
Total Return3 | 1.82% | 12.48% | -0.91% | 23.71% | 2.80% | -0.37% | ||||||||||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||||||
Net Assets, End of Period (Millions) | $— | $4 | $1,682 | $1,522 | $1,078 | $961 | ||||||||||||||||||
Ratio of Total Expenses to | ||||||||||||||||||||||||
Average Net Assets | 0.17% | 0.17% | 0.17% | 0.19% | 0.21% | 0.25% | ||||||||||||||||||
Ratio of Net Investment Income to | ||||||||||||||||||||||||
Average Net Assets | 2.00% | 2.36% | 2.24% | 2.19% | 2.40% | 2.31% | ||||||||||||||||||
Portfolio Turnover Rate4 | 3%5 | 7% | 9% | 10% | 15% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Net asset value as of November 7, 2019, on which date the remaining Investor Shares were converted to Admiral Shares. | |
2 | Calculated based on average shares outstanding. | |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. | |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. | |
5 | Reflects the fund’s portfolio turnover for the six months ended April 30, 2020. |
See accompanying Notes, which are an integral part of the Financial Statements.
15
Total World Stock Index Fund
Financial Highlights
ETF Shares
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | ||||||||||||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||
Net Asset Value, Beginning of Period | $76.83 | $69.96 | $72.13 | $59.62 | $59.34 | $60.89 | ||||||||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net Investment Income | .7561 | 1.8011 | 1.7321 | 1.5121 | 1.443 | 1.436 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||||||||||||
on Investments | (7.235 | ) | 6.825 | (2.241 | ) | 12.528 | .204 | (1.562 | ) | |||||||||||||||
Total from Investment Operations | (6.479 | ) | 8.626 | (.509 | ) | 14.040 | 1.647 | (.126 | ) | |||||||||||||||
Distributions | ||||||||||||||||||||||||
Dividends from Net Investment Income | (.831 | ) | (1.756 | ) | (1.661 | ) | (1.530 | ) | (1.367 | ) | (1.424 | ) | ||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||||||||
Total Distributions | (.831 | ) | (1.756 | ) | (1.661 | ) | (1.530 | ) | (1.367 | ) | (1.424 | ) | ||||||||||||
Net Asset Value, End of Period | $69.52 | $76.83 | $69.96 | $72.13 | $59.62 | $59.34 | ||||||||||||||||||
Total Return | -8.46% | 12.60% | -0.82% | 23.82% | 2.89% | -0.23% | ||||||||||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||||||
Net Assets, End of Period (Millions) | $12,438 | $12,122 | $11,372 | $9,755 | $6,112 | $5,008 | ||||||||||||||||||
Ratio of Total Expenses to | ||||||||||||||||||||||||
Average Net Assets | 0.08% | 0.08% | 0.09% | 0.10% | 0.11% | 0.14% | ||||||||||||||||||
Ratio of Net Investment Income to | ||||||||||||||||||||||||
Average Net Assets | 1.99% | 2.48% | 2.32% | 2.28% | 2.50% | 2.42% | ||||||||||||||||||
Portfolio Turnover Rate2 | 3% | 7% | 9% | 10% | 15% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
16
Total World Stock Index Fund
Financial Highlights
Admiral Shares
Six Months | Feb. 7, | |||||||
Ended | 20191 to | |||||||
Apr. 30, | Oct. 31, | |||||||
For a Share Outstanding Throughout Each Period | 2020 | 2019 | ||||||
Net Asset Value, Beginning of Period | $27.22 | $25.00 | ||||||
Investment Operations | ||||||||
Net Investment Income2 | .266 | .488 | ||||||
Net Realized and Unrealized Gain (Loss) on Investments | (2.564 | ) | 2.173 | |||||
Total from Investment Operations | (2.298 | ) | 2.661 | |||||
Distributions | ||||||||
Dividends from Net Investment Income | (.292 | ) | (.441 | ) | ||||
Distributions from Realized Capital Gains | — | — | ||||||
Total Distributions | (.292 | ) | (.441 | ) | ||||
Net Asset Value, End of Period | $24.63 | $27.22 | ||||||
Total Return3 | -8.48 | % | 10.73 | % | ||||
Ratios/Supplemental Data | ||||||||
Net Assets, End of Period (Millions) | $2,430 | $2,181 | ||||||
Ratio of Total Expenses to Average Net Assets | 0.10 | % | 0.10 | %4 | ||||
Ratio of Net Investment Income to Average Net Assets | 1.99 | % | 2.53 | %4 | ||||
Portfolio Turnover Rate5 | 3 | % | 7 | %6 |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Annualized. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
6 | Reflects the fund’s portfolio turnover for the fiscal year ended October 31, 2019. |
See accompanying Notes, which are an integral part of the Financial Statements.
17
Total World Stock Index Fund
Financial Highlights
Institutional Shares
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | ||||||||||||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||
Net Asset Value, Beginning of Period | $156.89 | $142.87 | $147.32 | $121.75 | $121.18 | $124.35 | ||||||||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net Investment Income | 1.541 | 1 | 3.702 | 1 | 3.531 | 1 | 3.112 | 1 | 2.956 | 2.945 | ||||||||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||||||||||||
on Investments | (14.757 | ) | 13.907 | (4.578 | ) | 25.594 | .414 | (3.189 | ) | |||||||||||||||
Total from Investment Operations | (13.216 | ) | 17.609 | (1.047 | ) | 28.706 | 3.370 | (.244 | ) | |||||||||||||||
Distributions | ||||||||||||||||||||||||
Dividends from Net Investment Income | (1.694 | ) | (3.589 | ) | (3.403 | ) | (3.136 | ) | (2.800 | ) | (2.926 | ) | ||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||||||||
Total Distributions | (1.694 | ) | (3.589 | ) | (3.403 | ) | (3.136 | ) | (2.800 | ) | (2.926 | ) | ||||||||||||
Net Asset Value, End of Period | $141.98 | $156.89 | $142.87 | $147.32 | $121.75 | $121.18 | ||||||||||||||||||
Total Return | -8.46 | % | 12.57 | % | -0.82 | % | 23.86 | % | 2.88 | % | -0.22 | % | ||||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||||||
Net Assets, End of Period (Millions) | $ | 2,742 | $ | 2,924 | $ | 2,570 | $ | 2,529 | $ | 1,617 | $ | 1,828 | ||||||||||||
Ratio of Total Expenses to | ||||||||||||||||||||||||
Average Net Assets | 0.08 | % | 0.08 | % | 0.08 | % | 0.09 | % | 0.10 | % | 0.13 | % | ||||||||||||
Ratio of Net Investment Income to | ||||||||||||||||||||||||
Average Net Assets | 1.98 | % | 2.49 | % | 2.33 | % | 2.29 | % | 2.51 | % | 2.43 | % | ||||||||||||
Portfolio Turnover Rate2 | 3 | % | 7 | % | 9 | % | 10 | % | 15 | % | 7 | % |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
18
Total World Stock Index Fund
Notes to Financial Statements
Vanguard Total World Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker. Prior to November 7, 2019, the fund offered Investor Shares. Effective at the close of business on November 7, 2019, the remaining Investor Shares were converted to Admiral Shares.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
3. 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
19
Total World Stock Index Fund
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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
20
Total World Stock Index Fund
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
21
Total World Stock Index Fund
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. Foreign capital gains tax is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
22
Total World Stock Index Fund
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $823,000, representing less than 0.01% of the fund’s net assets and 0.33% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
($000) | ($000) | ($000) | ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—International | 882,251 | 6,613,001 | 2,811 | 7,498,063 |
Common Stocks—United States | 10,025,351 | 179 | 8 | 10,025,538 |
Temporary Cash Investments | 179,131 | 29,897 | — | 209,028 |
Total | 11,086,733 | 6,643,077 | 2,819 | 17,732,629 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,065 | — | — | 1,065 |
Forward Currency Contracts | — | 1,689 | — | 1,689 |
Total | 1,065 | 1,689 | — | 2,754 |
Liabilities | ||||
Futures Contracts1 | 2,433 | — | — | 2,433 |
Forward Currency Contracts | — | 891 | — | 891 |
Total | 2,433 | 891 | — | 3,324 |
1 Represents variation margin on the last day of the reporting period.
23
Total World Stock Index Fund
D. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | |||
Equity | Exchange | ||
Contracts | Contracts | Total | |
Statement of Assets and Liabilities Caption | ($000) | ($000) | ($000) |
Variation Margin Receivable—Futures Contracts | 1,065 | — | 1,065 |
Unrealized Appreciation—Forward Currency Contracts | — | 1,689 | 1,689 |
Total Assets | 1,065 | 1,689 | 2,754 |
Variation Margin Payable—Futures Contracts | 2,433 | — | 2,433 |
Unrealized Depreciation—Forward Currency Contracts | — | 891 | 891 |
Total Liabilities | 2,433 | 891 | 3,324 |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | |||
Equity | Exchange | ||
Contracts | Contracts | Total | |
Realized Net Gain (Loss) on Derivatives | ($000) | ($000) | ($000) |
Futures Contracts | (15,799) | — | (15,799) |
Forward Currency Contracts | — | (1,147) | (1,147) |
Realized Net Gain (Loss) on Derivatives | (15,799) | (1,147) | (16,946) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 13,059 | — | 13,059 |
Forward Currency Contracts | — | 712 | 712 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 13,059 | 712 | 13,771 |
E. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | |
($000) | |
Tax Cost | 16,707,739 |
Gross Unrealized Appreciation | 3,883,891 |
Gross Unrealized Depreciation | (2,843,906) |
Net Unrealized Appreciation (Depreciation) | 1,039,985 |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $339,988,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital
24 |
Total World Stock Index Fund
losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
F. During the six months ended April 30, 2020, the fund purchased $2,934,766,000 of investment securities and sold $947,219,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,649,558,000 and $347,893,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
G. Capital share transactions for each class of shares were:
Six Months Ended | Year Ended | ||||
April 30, 2020 | October 31, 2019 | ||||
Amount | Shares | Amount | Shares | ||
($000) | (000) | ($000) | (000) | ||
Investor Shares | |||||
Issued | 70 | 2 | 630,879 | 21,710 | |
Issued in Lieu of Cash Distributions | — | — | 21,983 | 796 | |
Redeemed1 | (3,664) | (115) | (2,458,932) | (81,377) | |
Net Increase (Decrease)—Investor Shares | (3,594) | (113) | (1,806,070) | (58,871) | |
ETF Shares | |||||
Issued | 1,861,762 | 26,117 | 2,079,424 | 30,218 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (373,028) | (5,000) | (2,544,218) | (35,000) | |
Net Increase (Decrease)—ETF Shares | 1,488,734 | 21,117 | (464,794) | (4,782) | |
Admiral Shares2 | |||||
Issued1 | 879,336 | 36,398 | 2,297,847 | 86,966 | |
Issued in Lieu of Cash Distributions | 22,336 | 884 | 19,351 | 734 | |
Redeemed | (459,197) | (18,744) | (199,955) | (7,577) | |
Net Increase (Decrease)—Admiral Shares | 442,475 | 18,538 | 2,117,243 | 80,123 | |
Institutional Shares | |||||
Issued | 620,284 | 4,047 | 735,413 | 4,994 | |
Issued in Lieu of Cash Distributions | 32,165 | 218 | 64,388 | 446 | |
Redeemed | (546,274) | (3,591) | (715,851) | (4,793) | |
Net Increase (Decrease)—Institutional Shares | 106,175 | 674 | 83,950 | 647 |
1 | In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019, with the exception of those held by Vanguard funds and certain other institutional investors. Investor Shares—Redeemed and Admiral Shares—Issued include 73,932 and 85,057 shares, respectively, in the amount of $2,357,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares—Issued include 58,384,000 and 67,167,000 shares, respectively, in the amount of $1,755,147,000 from the conversion during the year ended October 31, 2019. |
2 | Inception was February 7, 2019, for Admiral Shares. |
H. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
25 |
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Total World Stock Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Equity Index Group. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the fund’s investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Equity Index Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses were also well below the peer-group average.
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
26 |
The benefit of economies of scale
The board concluded that the fund’s arrangement with Vanguard ensures that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangement again after a one-year period.
27 |
Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard International Equity Index Funds approved the appointment of liquidity risk management program administrators responsible for administering Vanguard Total World Stock Index Fund’s Program and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the fund’s liquidity risk.
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This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
© 2020 The Vanguard Group, Inc. | |
All rights reserved. | |
U.S. Patent Nos. 6,879,964; 7,337,138; | |
7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636. | |
Vanguard Marketing Corporation, Distributor. | |
Q6282 062020 |
Semiannual Report | April 30, 2020 |
Vanguard FTSE International Index Funds |
Vanguard FTSE All-World ex-US Index Fund |
Vanguard FTSE All-World ex-US Small-Cap Index Fund |
See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents
About Your Fund’s Expenses | 1 |
FTSE All-World ex-US Index Fund | 3 |
FTSE All-World ex-US Small-Cap Index Fund | 31 |
Trustees Approve Advisory Arrangements | 53 |
Liquidity Risk Management | 55 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1 |
Six Months Ended April 30, 2020
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
10/31/2019 | 4/30/2020 | Period | |
Based on Actual Fund Return | |||
FTSE All-World ex-US Index Fund | |||
ETF Shares | $1,000.00 | $864.16 | $0.37 |
Admiral™ Shares | 1,000.00 | 863.71 | 0.51 |
Institutional Shares | 1,000.00 | 863.95 | 0.37 |
Institutional Plus Shares | 1,000.00 | 864.02 | 0.28 |
FTSE All-World ex-US Small-Cap Index Fund | |||
ETF Shares | $1,000.00 | $848.06 | $0.51 |
Admiral Shares | 1,000.00 | 848.06 | 0.74 |
Institutional Shares | 1,000.00 | 848.17 | 0.51 |
Based on Hypothetical 5% Yearly Return | |||
FTSE All-World ex-US Index Fund | |||
ETF Shares | $1,000.00 | $1,024.47 | $0.40 |
Admiral Shares | 1,000.00 | 1,024.32 | 0.55 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Institutional Plus Shares | 1,000.00 | 1,024.56 | 0.30 |
FTSE All-World ex-US Small-Cap Index Fund | |||
ETF Shares | $1,000.00 | $1,024.32 | $0.55 |
Admiral Shares | 1,000.00 | 1,024.07 | 0.81 |
Institutional Shares | 1,000.00 | 1,024.32 | 0.55 |
The calculations are based on expenses incurred in the most recent six-month period. The funds’ annualized six-month expense ratios for that period are: for the FTSE All-World ex-US Index Fund, 0.08% for ETF Shares, 0.11% for Admiral Shares, 0.08% for Institutional Shares, and 0.06% for Institutional Plus Shares; and for the FTSE All-World ex-US Small-Cap Index Fund, 0.11% for ETF Shares, 0.16% for Admiral Shares, and 0.11% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2 |
FTSE All-World ex-US Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 6.5% |
Consumer Goods | 14.8 |
Consumer Services | 9.5 |
Financials | 21.8 |
Health Care | 10.8 |
Industrials | 13.2 |
Oil & Gas | 5.3 |
Technology | 11.0 |
Telecommunications | 3.7 |
Utilities | 3.4 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking their target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
3 |
FTSE All-World ex-US Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Common Stocks | |||||||
Australia | |||||||
CSL Ltd. | 826,583 | 164,761 | 0.5% | ||||
Commonwealth Bank of Australia | 3,242,891 | 131,002 | 0.4% | ||||
BHP Group Ltd. | 5,396,487 | 110,166 | 0.3% | ||||
§ | Australia—Other † | 1,144,355 | 3.2% | ||||
1,550,284 | 4.4% | ||||||
Austria † | 41,003 | 0.1% | |||||
Belgium † | 207,406 | 0.6% | |||||
Brazil | |||||||
CPFL Energia SA | 342,800 | 1,831 | 0.0% | ||||
1 | Brazil—Other † | 492,330 | 1.4% | ||||
494,161 | 1.4% | ||||||
Canada | |||||||
Royal Bank of Canada | 2,643,488 | 162,622 | 0.5% | ||||
Toronto-Dominion Bank | 3,329,395 | 139,113 | 0.4% | ||||
* | Shopify Inc. | 182,804 | 115,935 | 0.3% | |||
Enbridge Inc. (XTSE) | 3,593,750 | 110,114 | 0.3% | ||||
Canadian National Railway Co. | 1,305,534 | 107,964 | 0.3% | ||||
1 | Canada—Other † | 1,394,138 | 3.9% | ||||
2,029,886 | 5.7% | ||||||
Chile † | 66,269 | 0.2% |
4 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
China | |||||||
* | Alibaba Group Holding Ltd. ADR | 3,214,503 | 651,483 | 1.9% | |||
Tencent Holdings Ltd. | 10,406,601 | 547,069 | 1.6% | ||||
China Construction Bank Corp. Class H | 166,116,544 | 133,336 | 0.4% | ||||
Industrial & Commercial Bank of China Ltd. Class H | 145,515,640 | 97,570 | 0.3% | ||||
Ping An Insurance Group Co. of China Ltd. | 9,371,189 | 95,364 | 0.3% | ||||
China Mobile Ltd. | 9,652,067 | 77,594 | 0.2% | ||||
Bank of China Ltd. Class H | 142,618,788 | 54,295 | 0.2% | ||||
CNOOC Ltd. | 28,950,400 | 32,008 | 0.1% | ||||
China Life Insurance Co. Ltd. Class H | 13,964,341 | 29,782 | 0.1% | ||||
China Overseas Land & Investment Ltd. | 7,035,820 | 25,990 | 0.1% | ||||
Agricultural Bank of China Ltd. Class H | 58,403,233 | 24,295 | 0.1% | ||||
China Petroleum & Chemical Corp. Class H | 48,321,284 | 24,084 | 0.1% | ||||
China Resources Land Ltd. | 5,000,214 | 20,662 | 0.1% | ||||
* | Alibaba Health Information Technology Ltd. | 6,943,236 | 16,608 | 0.1% | |||
PetroChina Co. Ltd. Class H | 38,189,234 | 13,717 | 0.1% | ||||
China Resources Beer Holdings Co. Ltd. | 2,895,860 | 13,639 | 0.1% | ||||
PICC Property & Casualty Co. Ltd. Class H | 12,432,594 | 11,897 | 0.0% | ||||
China Shenhua Energy Co. Ltd. Class H | 6,702,388 | 11,874 | 0.0% | ||||
1 | Postal Savings Bank of China Co. Ltd. Class H | 17,061,000 | 10,195 | 0.0% | |||
CITIC Ltd. | 9,134,275 | 9,487 | 0.0% | ||||
China Telecom Corp. Ltd. Class H | 25,501,541 | 8,808 | 0.0% | ||||
China Resources Gas Group Ltd. | 1,460,547 | 8,209 | 0.0% | ||||
China CITIC Bank Corp. Ltd. Class H | 16,561,362 | 8,091 | 0.0% | ||||
Sinopharm Group Co. Ltd. Class H | 2,449,003 | 6,603 | 0.0% | ||||
China Communications Construction Co. Ltd. Class H | 8,759,026 | 5,887 | 0.0% | ||||
China Resources Cement Holdings Ltd. | 4,001,334 | 5,445 | 0.0% | ||||
*,1 | CGN Power Co. Ltd. Class H | 21,258,267 | 5,347 | 0.0% | |||
Agricultural Bank of China Ltd. Class A | 10,437,800 | 5,102 | 0.0% | ||||
1 | People’s Insurance Co. Group of China Ltd. Class H | 14,751,161 | 4,828 | 0.0% | |||
China Taiping Insurance Holdings Co. Ltd. | 2,724,564 | 4,594 | 0.0% | ||||
China Railway Group Ltd. Class H | 7,342,352 | 4,390 | 0.0% | ||||
China Construction Bank Corp. Class A | 4,774,600 | 4,333 | 0.0% | ||||
China Resources Power Holdings Co. Ltd. | 3,538,409 | 4,191 | 0.0% | ||||
CRRC Corp. Ltd. Class H | 7,893,053 | 4,178 | 0.0% | ||||
China Railway Construction Corp. Ltd. Class H | 3,802,745 | 4,175 | 0.0% | ||||
Kunlun Energy Co. Ltd. | 5,395,523 | 3,515 | 0.0% | ||||
1 | China Galaxy Securities Co. Ltd. Class H | 6,841,777 | 3,474 | 0.0% | |||
Dongfeng Motor Group Co. Ltd. Class H | 5,090,627 | 3,376 | 0.0% | ||||
China Cinda Asset Management Co. Ltd. Class H | 16,585,693 | 3,215 | 0.0% | ||||
* | Alibaba Pictures Group Ltd. | 23,938,648 | 3,206 | 0.0% | |||
China Merchants Port Holdings Co. Ltd. | 2,422,031 | 3,117 | 0.0% | ||||
China Yangtze Power Co. Ltd. Class A | 1,243,079 | 3,062 | 0.0% | ||||
China Longyuan Power Group Corp. Ltd. Class H | 6,120,785 | 3,059 | 0.0% | ||||
Industrial & Commercial Bank of China Ltd. Class A | 4,134,600 | 3,018 | 0.0% | ||||
1 | China International Capital Corp. Ltd. Class H | 1,947,926 | 2,991 | 0.0% | |||
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 927,909 | 2,839 | 0.0% | ||||
China State Construction Engineering Corp. Ltd. Class A | 3,589,000 | 2,638 | 0.0% | ||||
China Oilfield Services Ltd. Class H | 3,308,300 | 2,577 | 0.0% | ||||
China State Construction International Holdings Ltd. | 3,236,567 | 2,509 | 0.0% | ||||
Air China Ltd. Class H | 3,448,115 | 2,459 | 0.0% | ||||
* | Tencent Music Entertainment Group ADR | 202,630 | 2,312 | 0.0% | |||
China International Travel Service Corp. Ltd. Class A | 178,090 | 2,283 | 0.0% | ||||
Beijing Capital International Airport Co. Ltd. Class H | 3,250,557 | 2,178 | 0.0% |
5 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
1 | China Huarong Asset Management Co. Ltd. Class H | 19,394,874 | 2,162 | 0.0% | |||
Sinopec Shanghai Petrochemical Co. Ltd. Class H | 7,310,331 | 1,985 | 0.0% | ||||
Bank of China Ltd. Class A | 4,009,523 | 1,971 | 0.0% | ||||
1 | China Resources Pharmaceutical Group Ltd. | 3,075,000 | 1,931 | 0.0% | |||
AviChina Industry & Technology Co. Ltd. Class H | 4,548,954 | 1,795 | 0.0% | ||||
China Southern Airlines Co. Ltd. Class H | 3,523,017 | 1,762 | 0.0% | ||||
China Power International Development Ltd. | 8,398,691 | 1,711 | 0.0% | ||||
*,1 | China Literature Ltd. | 379,000 | 1,692 | 0.0% | |||
CRRC Corp. Ltd. Class A | 1,806,600 | 1,572 | 0.0% | ||||
China Reinsurance Group Corp. Class H | 12,502,576 | 1,465 | 0.0% | ||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 610,096 | 1,462 | 0.0% | ||||
*,1 | China Railway Signal & Communication Corp. Ltd. Class H | 2,800,068 | 1,384 | 0.0% | |||
Shenwan Hongyuan Group Co. Ltd. Class A | 2,169,300 | 1,331 | 0.0% | ||||
*,^ | China Eastern Airlines Corp. Ltd. Class H | 3,141,145 | 1,277 | 0.0% | |||
* | Alibaba Group Holding Ltd. | 49,400 | 1,254 | 0.0% | |||
Daqin Railway Co. Ltd. Class A | 1,226,100 | 1,244 | 0.0% | ||||
1 | Sinopec Engineering Group Co. Ltd. Class H | 2,562,381 | 1,229 | 0.0% | |||
China Petroleum & Chemical Corp. Class A | 1,845,200 | 1,162 | 0.0% | ||||
China Coal Energy Co. Ltd. Class H | 4,190,638 | 1,121 | 0.0% | ||||
China Life Insurance Co. Ltd. Class A | 276,300 | 1,105 | 0.0% | ||||
* | Citic Pacific Special Steel Group Co. Ltd. Class A | 477,870 | 1,081 | 0.0% | |||
Metallurgical Corp. of China Ltd. Class H | 6,162,562 | 1,070 | 0.0% | ||||
China Railway Construction Corp. Ltd. Class A | 657,000 | 900 | 0.0% | ||||
Sinotrans Ltd. Class H | 3,559,860 | 864 | 0.0% | ||||
China CITIC Bank Corp. Ltd. Class A | 1,107,835 | 812 | 0.0% | ||||
Huadian Fuxin Energy Corp. Ltd. Class H | 4,384,005 | 779 | 0.0% | ||||
Angang Steel Co. Ltd. Class H | 2,668,198 | 719 | 0.0% | ||||
China National Nuclear Power Co. Ltd. Class A | 921,800 | 563 | 0.0% | ||||
* | China Merchants Energy Shipping Co. Ltd. Class A | 585,764 | 559 | 0.0% | |||
Unisplendour Corp. Ltd. Class A | 93,798 | 549 | 0.0% | ||||
China Shenhua Energy Co. Ltd. Class A | 224,156 | 504 | 0.0% | ||||
Maanshan Iron & Steel Co. Ltd. Class A | 1,328,700 | 491 | 0.0% | ||||
China BlueChemical Ltd. Class H | 3,179,895 | 475 | 0.0% | ||||
China Spacesat Co. Ltd. Class A | 102,000 | 471 | 0.0% | ||||
* | China Eastern Airlines Corp. Ltd. Class A | 728,500 | 447 | 0.0% | |||
Zhongjin Gold Corp. Ltd. Class A | 374,000 | 443 | 0.0% | ||||
China Machinery Engineering Corp. Class H | 1,583,516 | 434 | 0.0% | ||||
*,^,1 Shenwan Hongyuan Group Co. Ltd. Class H | 1,763,200 | 426 | 0.0% | ||||
* | Shennan Circuits Co. Ltd. Class A | 12,599 | 406 | 0.0% | |||
China Foods Ltd. | 1,206,843 | 398 | 0.0% | ||||
China National Accord Medicines Corp. Ltd. Class B | 143,085 | 389 | 0.0% | ||||
* | China Satellite Communications Co. Ltd. Class A | 155,000 | 372 | 0.0% | |||
* | Sinopec Oilfield Service Corp. Class H | 5,124,643 | 371 | 0.0% | |||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 88,200 | 360 | 0.0% | ||||
China National Medicines Corp. Ltd. Class A | 81,200 | 356 | 0.0% | ||||
Power Construction Corp. of China Ltd. Class A | 702,000 | 353 | 0.0% | ||||
Grandjoy Holdings Group Co. Ltd. Class A | 456,788 | 347 | 0.0% | ||||
Shanghai Electric Power Co. Ltd. Class A | 323,400 | 337 | 0.0% | ||||
Heilongjiang Agriculture Co. Ltd. Class A | 139,800 | 336 | 0.0% | ||||
Dongxing Securities Co. Ltd. Class A | 220,092 | 330 | 0.0% | ||||
* | China Great Wall Securities Co. Ltd. Class A | 189,500 | 315 | 0.0% |
6 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A | 851,600 | 303 | 0.0% | ||||
China National Chemical Engineering Co. Ltd. Class A | 340,100 | 294 | 0.0% | ||||
AVICOPTER plc Class A | 45,500 | 284 | 0.0% | ||||
China CSSC Holdings Ltd. Class A | 103,000 | 271 | 0.0% | ||||
Offshore Oil Engineering Co. Ltd. Class A | 387,100 | 270 | 0.0% | ||||
China Southern Airlines Co. Ltd. Class A | 356,200 | 270 | 0.0% | ||||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class H | 410,873 | 259 | 0.0% | |||
Metallurgical Corp. of China Ltd. Class A | 701,600 | 253 | 0.0% | ||||
Air China Ltd. Class A | 236,600 | 240 | 0.0% | ||||
FAW CAR Co. Ltd. Class A | 167,900 | 235 | 0.0% | ||||
Sinotrans Ltd. Class A | 502,200 | 230 | 0.0% | ||||
Guangxi Guiguan Electric Power Co. Ltd. Class A | 376,900 | 229 | 0.0% | ||||
Tian Di Science & Technology Co. Ltd. Class A | 529,200 | 226 | 0.0% | ||||
Sinochem International Corp. Class A | 227,100 | 158 | 0.0% | ||||
Angang Steel Co. Ltd. Class A | 407,900 | 151 | 0.0% | ||||
* | Sinopec Oilfield Service Corp. Class A | 543,200 | 144 | 0.0% | |||
China Oilfield Services Ltd. Class A | 81,000 | 142 | 0.0% | ||||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A | 54,300 | 114 | 0.0% | |||
China Coal Energy Co. Ltd. Class A | 201,838 | 109 | 0.0% | ||||
China Galaxy Securities Co. Ltd. Class A | 78,200 | 108 | 0.0% | ||||
Cinda Real Estate Co. Ltd. Class A | 193,300 | 107 | 0.0% | ||||
Bluestar Adisseo Co. Class A | 63,000 | 106 | 0.0% | ||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 95,100 | 105 | 0.0% | ||||
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 102,195 | 104 | 0.0% | ||||
* | CNOOC Energy Technology & Services Ltd. Class A | 313,600 | 103 | 0.0% | |||
Sinopec Shanghai Petrochemical Co. Ltd. Class A | 156,200 | 88 | 0.0% | ||||
ADAMA Ltd. Class A | 64,600 | 88 | 0.0% | ||||
China West Construction Group Co. Ltd. Class A | 50,600 | 68 | 0.0% | ||||
§,1 | China—Other † | 1,569,865 | 4.5% | ||||
3,658,754 | 10.3% | ||||||
Colombia † | 27,019 | 0.1% | |||||
1Czech Republic † | 11,170 | 0.0% | |||||
Denmark | |||||||
Novo Nordisk A/S Class B | 3,024,719 | 192,947 | 0.5% | ||||
1 | Denmark—Other † | 307,684 | 0.9% | ||||
500,631 | 1.4% | ||||||
Egypt † | 14,459 | 0.0% | |||||
Finland † | 284,177 | 0.8% | |||||
France | |||||||
^ | Sanofi | 1,982,926 | 193,681 | 0.6% | |||
LVMH Moet Hennessy Louis Vuitton SE | 455,683 | 176,165 | 0.5% | ||||
Total SA | 4,365,957 | 154,959 | 0.4% | ||||
1 | France—Other † | 1,764,623 | 5.0% | ||||
2,289,428 | 6.5% |
7 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Germany | |||||||
SAP SE | 1,771,850 | 211,041 | 0.6% | ||||
Allianz SE | 759,714 | 139,812 | 0.4% | ||||
Siemens AG | 1,386,037 | 127,908 | 0.4% | ||||
Bayer AG | 1,799,431 | 118,348 | 0.3% | ||||
1 | Germany—Other † | 1,376,689 | 3.9% | ||||
1,973,798 | 5.6% | ||||||
§Greece † | 20,986 | 0.1% | |||||
Hong Kong | |||||||
AIA Group Ltd. | 22,066,452 | 202,521 | 0.6% | ||||
BOC Hong Kong Holdings Ltd. | 6,553,196 | 20,113 | 0.1% | ||||
1 | BOC Aviation Ltd. | 372,300 | 2,546 | 0.0% | |||
Nexteer Automotive Group Ltd. | 1,506,000 | 774 | 0.0% | ||||
*,^ | MMG Ltd. | 4,468,000 | 773 | 0.0% | |||
^ | China Travel International Investment Hong Kong Ltd. | 4,667,542 | 654 | 0.0% | |||
§,1 | Hong Kong—Other † | 685,532 | 1.9% | ||||
912,913 | 2.6% | ||||||
Hungary † | 23,790 | 0.1% | |||||
India | |||||||
Nestle India Ltd. | 42,474 | 10,075 | 0.0% | ||||
§,1 | India—Other † | 825,017 | 2.4% | ||||
835,092 | 2.4% | ||||||
Indonesia † | 137,839 | 0.4% | |||||
§Ireland † | 73,593 | 0.2% | |||||
Israel † | 124,263 | 0.3% | |||||
Italy | |||||||
Enel SPA | 14,223,632 | 97,154 | 0.3% | ||||
1 | Pirelli & C SPA | 800,800 | 3,101 | 0.0% | |||
1 | Italy—Other † | 425,856 | 1.2% | ||||
526,111 | 1.5% | ||||||
Japan | |||||||
Toyota Motor Corp. | 4,501,291 | 278,301 | 0.8% | ||||
Sony Corp. | 2,246,690 | 144,584 | 0.4% | ||||
SoftBank Group Corp. | 2,962,536 | 126,982 | 0.4% | ||||
Keyence Corp. | 329,316 | 117,570 | 0.3% | ||||
Mitsubishi UFJ Financial Group Inc. | 22,831,259 | 92,238 | 0.3% | ||||
Chugai Pharmaceutical Co. Ltd. | 395,464 | 47,140 | 0.1% | ||||
Japan—Other † | 5,393,534 | 15.2% | |||||
6,200,349 | 17.5% | ||||||
Kuwait † | 67,837 | 0.2% | |||||
Luxembourg † | 782 | 0.0% |
8 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Malaysia | |||||||
Nestle Malaysia Bhd. | 115,400 | 3,756 | 0.0% | ||||
§,1 | Malaysia—Other † | 202,597 | 0.6% | ||||
206,353 | 0.6% | ||||||
§Malta † | — | 0.0% | |||||
1Mexico † | 182,699 | 0.5% | |||||
Netherlands | |||||||
ASML Holding NV | 731,894 | 213,776 | 0.6% | ||||
Unilever NV | 2,503,087 | 124,653 | 0.4% | ||||
1 | Netherlands—Other † | 605,924 | 1.7% | ||||
944,353 | 2.7% | ||||||
New Zealand † | 77,462 | 0.2% | |||||
Norway † | 137,536 | 0.4% | |||||
Pakistan † | 3,090 | 0.0% | |||||
Peru † | 2,920 | 0.0% | |||||
Philippines † | 90,169 | 0.3% | |||||
1Poland † | 61,996 | 0.2% | |||||
Portugal † | 41,374 | 0.1% | |||||
Qatar † | 95,565 | 0.3% | |||||
Russia † | 311,245 | 0.9% | |||||
1Saudi Arabia † | 227,481 | 0.6% | |||||
Singapore † | 291,999 | 0.8% | |||||
South Africa | |||||||
Naspers Ltd. | 790,287 | 123,007 | 0.3% | ||||
1 | South Africa—Other † | 245,533 | 0.7% | ||||
368,540 | 1.0% | ||||||
South Korea | |||||||
Samsung Electronics Co. Ltd. GDR | 193,142 | 200,700 | 0.6% | ||||
Samsung Electronics Co. Ltd. | 3,771,708 | 155,083 | 0.4% | ||||
Samsung Electronics Co. Ltd. Preference Shares | 1,423,189 | 49,336 | 0.1% | ||||
1 | South Korea—Other † | 704,567 | 2.0% | ||||
1,109,686 | 3.1% | ||||||
Spain | |||||||
* | Iberdrola SA | 10,839,257 | 107,827 | 0.3% | |||
1 | Spain—Other † | 445,546 | 1.3% | ||||
553,373 | 1.6% |
9 |
FTSE All-World ex-US Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000 | ) | Assets | ||||
Sweden † | 648,457 | 1.8% | |||||
Switzerland | |||||||
* | Nestle SA | 5,289,211 | 560,181 | 1.6% | |||
Roche Holding AG | 1,272,664 | 440,720 | 1.2% | ||||
Novartis AG | 3,892,702 | 332,197 | 0.9% | ||||
Roche Holding AG (Bearer) | 47,637 | 16,545 | 0.1% | ||||
Switzerland—Other † | 981,727 | 2.8% | |||||
2,331,370 | 6.6% | ||||||
Taiwan | |||||||
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 5,412,392 | 287,560 | 0.8% | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 17,446,373 | 175,996 | 0.5% | ||||
§ | Taiwan—Other † | 766,794 | 2.2% | ||||
1,230,350 | 3.5% | ||||||
Thailand † | 241,903 | 0.7% | |||||
Turkey † | 48,205 | 0.1% | |||||
United Arab Emirates † | 68,956 | 0.2% | |||||
United Kingdom | |||||||
AstraZeneca plc | 2,401,828 | 251,214 | 0.7% | ||||
HSBC Holdings plc | 37,060,720 | 190,492 | 0.5% | ||||
GlaxoSmithKline plc | 8,970,144 | 187,142 | 0.5% | ||||
British American Tobacco plc | 4,171,416 | 160,785 | 0.4% | ||||
Diageo plc | 4,221,060 | 145,332 | 0.4% | ||||
BP plc | 36,455,994 | 143,653 | 0.4% | ||||
Royal Dutch Shell plc Class A | 7,650,000 | 125,953 | 0.4% | ||||
Royal Dutch Shell plc Class B | 6,756,497 | 108,163 | 0.3% | ||||
Unilever plc | 1,993,748 | 102,663 | 0.3% | ||||
Reckitt Benckiser Group plc | 1,151,194 | 95,895 | 0.3% | ||||
Rio Tinto plc | 2,012,646 | 93,425 | 0.3% | ||||
§,1 | United Kingdom—Other † | 1,864,202 | 5.3% | ||||
3,468,919 | 9.8% | ||||||
Total Common Stocks (Cost $35,558,221) | 34,816,001 | 98.4% |
10 |
FTSE All-World ex-US Index Fund
Market | Percentage | |||||||||
Value• | of Net | |||||||||
Coupon | Shares | ($000 | ) | Assets | ||||||
Temporary Cash Investments | ||||||||||
Money Market Fund | ||||||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 9,042,267 | 904,227 | 2.6% | |||||
4U.S. Government and Agency Obligations † | 75,632 | 0.2% | ||||||||
Total Temporary Cash Investments (Cost $979,803) | 979,859 | 2.8% | ||||||||
Total Investments (Cost $36,538,024) | 35,795,860 | 101.2% | ||||||||
3,4,5Other Assets and Liabilities—Net | (428,871 | ) | (1.2% | ) | ||||||
Net Assets | 35,366,989 | 100.0% |
Cost rounded to $000.
• | See Note A in Notes to Financial Statements. |
§ | Certain of the fund’s securities are valued using significant unobservable inputs. |
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $591,284,000. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $688,406,000, representing 1.9% of net assets. |
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 $635,330,000 was received for securities on loan, of which $634,075,000 is held in Vanguard Market Liquidity Fund and $1,255,000 is held in cash. |
4 | Securities with a value of $75,632,000 and cash of $391,000 have been segregated as initial margin for open futures contracts. |
5 | Cash of $1,530,000 has been segregated as collateral for open forward currency contracts. |
ADR—American Depositary Receipt. |
GDR—Global Depositary Receipt. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
($000 | ) | |||||||||
Value and | ||||||||||
Number of | Unrealized | |||||||||
Long (Short | ) | Notional | Appreciation | |||||||
Expiration | Contracts | Amount | (Depreciation | ) | ||||||
Long Futures Contracts | ||||||||||
MSCI Emerging Markets Index | June 2020 | 4,230 | 191,598 | 16,532 | ||||||
Dow Jones EURO STOXX 50 Index | June 2020 | 4,005 | 126,707 | 22,676 | ||||||
Topix Index | June 2020 | 780 | 105,681 | 11,897 | ||||||
FTSE 100 Index | June 2020 | 1,040 | 77,087 | 10,449 | ||||||
E-mini S&P 500 Index | June 2020 | 328 | 47,599 | (98 | ) | |||||
S&P ASX 200 Index | June 2020 | 292 | 26,354 | 1,856 | ||||||
63,312 |
11 |
FTSE All-World ex-US Index Fund
Forward Currency Contracts | ||||||||||||||||
Contract | Unrealized | Unrealized | ||||||||||||||
Settlement | Contract Amount (000 | ) | Appreciation | (Depreciation | ) | |||||||||||
Counterparty | Date | Receive | Deliver | ($000 | ) | ($000 | ) | |||||||||
Morgan Stanley Capital | ||||||||||||||||
Services LLC | 7/2/20 | EUR | 64,125 | USD | 69,460 | 905 | — | |||||||||
Royal Bank of Canada | 7/2/20 | JPY | 6,869,884 | USD | 62,022 | 2,058 | — | |||||||||
Morgan Stanley Capital | ||||||||||||||||
Services LLC | 7/2/20 | GBP | 51,478 | USD | 60,535 | 4,320 | — | |||||||||
Toronto-Dominion Bank | 7/2/20 | AUD | 39,706 | USD | 23,573 | 2,306 | — | |||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | GBP | 17,104 | USD | 21,018 | 531 | — | |||||||||
Toronto-Dominion Bank | 7/2/20 | EUR | 16,930 | USD | 18,960 | — | (383 | ) | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | JPY | 1,219,680 | USD | 11,603 | — | (226 | ) | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | JPY | 1,118,390 | USD | 10,430 | 3 | — | |||||||||
Goldman Sachs International | 7/2/20 | EUR | 9,039 | USD | 10,159 | — | (240 | ) | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | EUR | 7,729 | USD | 8,534 | — | (53 | ) | ||||||||
Bank of America, N.A. | 7/2/20 | JPY | 801,900 | USD | 7,626 | — | (146 | ) | ||||||||
Goldman Sachs International | 7/2/20 | JPY | 439,620 | USD | 4,191 | — | (90 | ) | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 78,682 | JPY | 8,462,983 | — | (258 | ) | ||||||||
Bank of America, N.A. | 7/2/20 | USD | 49,048 | CHF | 47,881 | — | (650 | ) | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 23,612 | JPY | 2,515,420 | 149 | — | |||||||||
Royal Bank of Canada | 7/2/20 | USD | 16,765 | GBP | 13,660 | — | (445 | ) | ||||||||
Credit Suisse International | 7/2/20 | USD | 15,984 | GBP | 12,821 | — | (168 | ) | ||||||||
Royal Bank of Canada | 7/2/20 | USD | 14,562 | EUR | 13,437 | — | (183 | ) | ||||||||
Royal Bank of Canada | 7/2/20 | USD | 3,158 | ZAR | 60,955 | — | (109 | ) | ||||||||
Royal Bank of Canada | 7/2/20 | USD | 2,788 | AUD | 4,648 | — | (241 | ) | ||||||||
10,272 | (3,192 | ) |
AUD—Australian dollar.
CHF—Swiss franc.
EUR—Euro.
GBP—British pound.
JPY—Japanese yen.
USD—U.S. dollar.
ZAR—South African rand.
At April 30, 2020, the counterparties had deposited in segregated accounts cash of $6,960,000 in connection with open forward currency contracts.
After April 30, 2020, the counterparty posted additional collateral of $1,670,000 in connection with open forward currency contracts as of April 30, 2020.
See accompanying Notes, which are an integral part of the Financial Statements.
12 |
FTSE All-World ex-US Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount | |||
Assets | ||||
Investments in Securities, at Value | ||||
Unaffiliated Issuers (Cost $35,633,848) | 34,891,633 | |||
Affiliated Issuers (Cost $904,176) | 904,227 | |||
Total Investments in Securities | 35,795,860 | |||
Investment in Vanguard | 1,661 | |||
Cash | 3,261 | |||
Cash Collateral Pledged—Futures Contracts | 391 | |||
Cash Collateral Pledged—Forward Currency Contracts | 1,530 | |||
Foreign Currency, at Value (Cost $137,573) | 138,034 | |||
Receivables for Investment Securities Sold | 343 | |||
Receivables for Accrued Income | 174,192 | |||
Receivables for Capital Shares Issued | 22,750 | |||
Variation Margin Receivable—Futures Contracts | 8,963 | |||
Unrealized Appreciation—Forward Currency Contracts | 10,272 | |||
Total Assets | 36,157,257 | |||
Liabilities | ||||
Payables for Investment Securities Purchased | 100,502 | |||
Collateral for Securities on Loan | 635,330 | |||
Payables for Capital Shares Redeemed | 33,614 | |||
Payables to Vanguard | 4,637 | |||
Variation Margin Payable—Futures Contracts | 12,993 | |||
Unrealized Depreciation—Forward Currency Contracts | 3,192 | |||
Total Liabilities | 790,268 | |||
Net Assets | 35,366,989 |
13 |
FTSE All-World ex-US Index Fund
Statement of Assets and Liabilities (continued) | ||||
At April 30, 2020, net assets consisted of: | ||||
($000s, except shares and per-share amounts) | Amount | |||
Paid-in Capital | 38,340,850 | |||
Total Distributable Earnings (Loss) | (2,973,861 | ) | ||
Net Assets | 35,366,989 | |||
ETF Shares—Net Assets | ||||
Applicable to 495,801,934 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 21,788,184 | |||
Net Asset Value Per Share—ETF Shares | $43.95 | |||
Admiral Shares—Net Assets | ||||
Applicable to 243,722,025 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 6,656,965 | |||
Net Asset Value Per Share—Admiral Shares | $27.31 | |||
Institutional Shares—Net Assets | ||||
Applicable to 50,663,000 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 4,386,843 | |||
Net Asset Value Per Share—Institutional Shares | $86.59 | |||
Institutional Plus Shares—Net Assets | ||||
Applicable to 27,646,115 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 2,534,997 | |||
Net Asset Value Per Share—Institutional Plus Shares | $91.69 |
See accompanying Notes, which are an integral part of the Financial Statements.
14 |
FTSE All-World ex-US Index Fund
Statement of Operations
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Investment Income | ||||
Income | ||||
Dividends1 | 439,657 | |||
Interest2 | 1,178 | |||
Securities Lending—Net | 5,989 | |||
Total Income | 446,824 | |||
Expenses | ||||
The Vanguard Group—Note B | ||||
Investment Advisory Services | 1,562 | |||
Management and Administrative—ETF Shares | 6,549 | |||
Management and Administrative—Admiral Shares | 2,716 | |||
Management and Administrative—Institutional Shares | 1,360 | |||
Management and Administrative—Institutional Plus Shares | 530 | |||
Marketing and Distribution—ETF Shares | 541 | |||
Marketing and Distribution—Admiral Shares | 255 | |||
Marketing and Distribution—Institutional Shares | 92 | |||
Marketing and Distribution—Institutional Plus Shares | 17 | |||
Custodian Fees | 2,104 | |||
Shareholders’ Reports—ETF Shares | 177 | |||
Shareholders’ Reports—Admiral Shares | 21 | |||
Shareholders’ Reports—Institutional Shares | 7 | |||
Shareholders’ Reports—Institutional Plus Shares | 2 | |||
Trustees’ Fees and Expenses | 11 | |||
Total Expenses | 15,944 | |||
Net Investment Income | 430,880 | |||
Realized Net Gain (Loss) | ||||
Investment Securities Sold2,3 | (137,102 | ) | ||
Futures Contracts | (93,020 | ) | ||
Forward Currency Contracts | (10,218 | ) | ||
Foreign Currencies | (7,937 | ) | ||
Realized Net Gain (Loss) | (248,277 | ) |
15 |
FTSE All-World ex-US Index Fund
Statement of Operations (continued) | ||||
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Change in Unrealized Appreciation (Depreciation) | ||||
Investment Securities2,4 | (5,607,815 | ) | ||
Futures Contracts | 56,912 | |||
Forward Currency Contracts | 4,438 | |||
Foreign Currencies | 1,520 | |||
Change in Unrealized Appreciation (Depreciation) | (5,544,945 | ) | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (5,362,342 | ) |
1 | Dividends are net of foreign withholding taxes of $45,018,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,041,000, ($394,000), and $14,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $23,954,000 of net gain (loss) resulting from in-kind redemptions. |
4 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of $1,540,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
16 |
FTSE All-World ex-US Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | ||||
April 30, | October 31, | ||||
2020 | 2019 | ||||
($000 | ) | ($000 | ) | ||
Increase (Decrease) in Net Assets | |||||
Operations | |||||
Net Investment Income | 430,880 | 1,226,277 | |||
Realized Net Gain (Loss) | (248,277 | ) | (103,722 | ) | |
Change in Unrealized Appreciation (Depreciation) | (5,544,945 | ) | 2,998,505 | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (5,362,342 | ) | 4,121,060 | ||
Distributions1 | |||||
Investor Shares | — | (9,798 | ) | ||
ETF Shares | (339,721 | ) | (710,146 | ) | |
Admiral Shares | (90,525 | ) | (191,012 | ) | |
Institutional Shares | (67,915 | ) | (154,643 | ) | |
Institutional Plus Shares | (38,329 | ) | (81,690 | ) | |
Total Distributions | (536,490 | ) | (1,147,289 | ) | |
Capital Share Transactions | |||||
Investor Shares | (1,784 | ) | (574,323 | ) | |
ETF Shares | 963,990 | 1,455,312 | |||
Admiral Shares | 880,044 | 750,883 | |||
Institutional Shares | 114,709 | (117,972 | ) | ||
Institutional Plus Shares | 155,418 | (4,513 | ) | ||
Net Increase (Decrease) from Capital Share Transactions | 2,112,377 | 1,509,387 | |||
Total Increase (Decrease) | (3,786,455 | ) | 4,483,158 | ||
Net Assets | |||||
Beginning of Period | 39,153,444 | 34,670,286 | |||
End of Period | 35,366,989 | 39,153,444 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
17 |
FTSE All-World ex-US Index Fund
Financial Highlights
Investor Shares
Nov. 1, | |||||||||||||
2019 to | |||||||||||||
For a Share Outstanding | Nov. 7, | Year Ended October 31, | |||||||||||
Throughout Each Period | 20191 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||
Net Asset Value, Beginning of Period | $20.35 | $18.85 | $21.17 | $17.59 | $17.92 | $19.40 | |||||||
Investment Operations | |||||||||||||
Net Investment Income | .003 | 2 | .577 | 2 | .593 | 2 | .520 | 2 | .494 | .502 | |||
Net Realized and Unrealized Gain (Loss) on Investments | .427 | 1.502 | (2.342 | ) | 3.573 | (.341 | ) | (1.484 | ) | ||||
Total from Investment Operations | .430 | 2.079 | (1.749 | ) | 4.093 | .153 | (.982 | ) | |||||
Distributions | |||||||||||||
Dividends from Net Investment Income | — | (.579 | ) | (.571 | ) | (.513 | ) | (.483 | ) | (.498 | ) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||
Total Distributions | — | (.579 | ) | (.571 | ) | (.513 | ) | (.483 | ) | (.498 | ) | ||
Net Asset Value, End of Period | $20.781 | $20.35 | $18.85 | $21.17 | $17.59 | $17.92 | |||||||
Total Return3 | 2.11% | 11.29% | -8.49% | 23.62% | 0.98% | -5.16% | |||||||
Ratios/Supplemental Data | |||||||||||||
Net Assets, End of Period (Millions) | $— | $2 | $557 | $634 | $530 | $565 | |||||||
Ratio of Total Expenses to Average Net Assets | 0.20% | 0.20% | 0.20% | 0.23% | 0.23% | 0.26% | |||||||
Ratio of Net Investment Income to Average Net Assets | 0.78% | 2.98% | 2.80% | 2.70% | 2.89% | 2.70% | |||||||
Portfolio Turnover Rate4 | 1%5 | 4% | 6% | 4% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Net asset value as of November 7, 2019, on which date the remaining Investor Shares were converted to Admiral Shares. | |
2 | Calculated based on average shares outstanding. | |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. | |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. | |
5 | Reflects the fund’s portfolio turnover for the six months ended April 30, 2020. |
See accompanying Notes, which are an integral part of the Financial Statements.
18 |
FTSE All-World ex-US Index Fund
Financial Highlights
ETF Shares
Six Months | |||||||||||||
Ended | |||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||
Net Asset Value, Beginning of Period | $51.58 | $47.79 | $53.65 | $44.60 | $45.41 | $49.17 | |||||||
Investment Operations | |||||||||||||
Net Investment Income | .556 | 1 | 1.629 | 1 | 1.557 | 1 | 1.379 | 1 | 1.304 | 1.335 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (7.487 | ) | 3.692 | (5.911 | ) | 9.038 | (.846 | ) | (3.769 | ) | |||
Total from Investment Operations | (6.931 | ) | 5.321 | (4.354 | ) | 10.417 | .458 | (2.434 | ) | ||||
Distributions | |||||||||||||
Dividends from Net Investment Income | (.699 | ) | (1.531 | ) | (1.506 | ) | (1.367 | ) | (1.268 | ) | (1.326 | ) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||
Total Distributions | (.699 | ) | (1.531 | ) | (1.506 | ) | (1.367 | ) | (1.268 | ) | (1.326 | ) | |
Net Asset Value, End of Period | $43.95 | $51.58 | $47.79 | $53.65 | $44.60 | $45.41 | |||||||
Total Return | -13.58% | 11.42% | -8.37% | 23.73% | 1.17% | -5.05% | |||||||
Ratios/Supplemental Data | |||||||||||||
Net Assets, End of Period (Millions) | $21,788 | $24,652 | $21,348 | $21,640 | $13,983 | $13,525 | |||||||
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.09% | 0.11% | 0.11% | 0.13% | |||||||
Ratio of Net Investment Income to Average Net Assets | 2.25% | 3.30% | 2.91% | 2.82% | 3.01% | 2.83% | |||||||
Portfolio Turnover Rate2 | 1% | 4% | 6% | 4% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
19 |
FTSE All-World ex-US Index Fund
Financial Highlights
Admiral Shares
Six Months | |||||||||||||
Ended | |||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||
Net Asset Value, Beginning of Period | $32.06 | $29.70 | $33.35 | $27.72 | $28.23 | $30.57 | |||||||
Investment Operations | |||||||||||||
Net Investment Income | .345 | 1 | 1.010 | 1 | .969 | 1 | .855 | 1 | .811 | .832 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (4.665 | ) | 2.289 | (3.682 | ) | 5.625 | (.532 | ) | (2.346 | ) | |||
Total from Investment Operations | (4.320 | ) | 3.299 | (2.713 | ) | 6.480 | .279 | (1.514 | ) | ||||
Distributions | |||||||||||||
Dividends from Net Investment Income | (.430 | ) | (.939 | ) | (.937 | ) | (.850 | ) | (.789 | ) | (.826 | ) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||
Total Distributions | (.430 | ) | (.939 | ) | (.937 | ) | (.850 | ) | (.789 | ) | (.826 | ) | |
Net Asset Value, End of Period | $27.31 | $32.06 | $29.70 | $33.35 | $27.72 | $28.23 | |||||||
Total Return2 | -13.63% | 11.38% | -8.37% | 23.75% | 1.13% | -5.05% | |||||||
Ratios/Supplemental Data | |||||||||||||
Net Assets, End of Period (Millions) | $6,657 | $6,717 | $5,458 | $5,304 | $3,635 | $3,163 | |||||||
Ratio of Total Expenses to Average Net Assets | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.13% | |||||||
Ratio of Net Investment Income to Average Net Assets | 2.25% | 3.29% | 2.89% | 2.82% | 3.01% | 2.83% | |||||||
Portfolio Turnover Rate3 | 1% | 4% | 6% | 4% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. | |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
20 |
FTSE All-World ex-US Index Fund
Financial Highlights
Institutional Shares
Six Months | |||||||||||||
Ended | |||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||
Net Asset Value, Beginning of Period | $101.64 | $94.16 | $105.72 | $87.88 | $89.48 | $96.89 | |||||||
Investment Operations | |||||||||||||
Net Investment Income | 1.091 | 1 | 3.224 | 1 | 3.046 | 1 | 2.703 | 1 | 2.577 | 2.651 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (14.765 | ) | 7.271 | (11.621 | ) | 17.838 | (1.669 | ) | (7.429 | ) | |||
Total from Investment Operations | (13.674 | ) | 10.495 | (8.575 | ) | 20.541 | .908 | (4.778 | ) | ||||
Distributions | |||||||||||||
Dividends from Net Investment Income | (1.376 | ) | (3.015 | ) | (2.985 | ) | (2.701 | ) | (2.508 | ) | (2.632 | ) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||
Total Distributions | (1.376 | ) | (3.015 | ) | (2.985 | ) | (2.701 | ) | (2.508 | ) | (2.632 | ) | |
Net Asset Value, End of Period | $86.59 | $101.64 | $94.16 | $105.72 | $87.88 | $89.48 | |||||||
Total Return | -13.61% | 11.42% | -8.35% | 23.74% | 1.15% | -5.03% | |||||||
Ratios/Supplemental Data | |||||||||||||
Net Assets, End of Period (Millions) | $4,387 | $4,991 | $4,719 | $5,532 | $4,424 | $4,501 | |||||||
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.10% | 0.10% | 0.11% | |||||||
Ratio of Net Investment Income to Average Net Assets | 2.24% | 3.31% | 2.92% | 2.83% | 3.02% | 2.85% | |||||||
Portfolio Turnover Rate2 | 1% | 4% | 6% | 4% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
21 |
FTSE All-World ex-US Index Fund
Financial Highlights
Institutional Plus Shares
Six Months | |||||||||||||
Ended | |||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||
Net Asset Value, Beginning of Period | $107.63 | $99.71 | $111.96 | $93.06 | $94.75 | $102.60 | |||||||
Investment Operations | |||||||||||||
Net Investment Income | 1.169 | 1 | 3.403 | 1 | 3.336 | 1 | 2.863 | 1 | 2.754 | 2.829 | |||
Net Realized and Unrealized Gain (Loss) | |||||||||||||
on Investments | (15.641 | ) | 7.725 | (12.397 | ) | 18.928 | (1.767 | ) | (7.869 | ) | |||
Total from Investment Operations | (14.472 | ) | 11.128 | (9.061 | ) | 21.791 | .987 | (5.040 | ) | ||||
Distributions | |||||||||||||
Dividends from Net Investment Income | (1.468 | ) | (3.208 | ) | (3.189 | ) | (2.891 | ) | (2.677 | ) | (2.810 | ) | |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||
Total Distributions | (1.468 | ) | (3.208 | ) | (3.189 | ) | (2.891 | ) | (2.677 | ) | (2.810 | ) | |
Net Asset Value, End of Period | $91.69 | $107.63 | $99.71 | $111.96 | $93.06 | $94.75 | |||||||
Total Return | -13.60% | 11.43% | -8.33% | 23.79% | 1.18% | -5.01% | |||||||
Ratios/Supplemental Data | |||||||||||||
Net Assets, End of Period (Millions) | $2,535 | $2,793 | $2,588 | $2,731 | $2,222 | $2,628 | |||||||
Ratio of Total Expenses to | |||||||||||||
Average Net Assets | 0.06% | 0.06% | 0.06% | 0.07% | 0.07% | 0.09% | |||||||
Ratio of Net Investment Income to | |||||||||||||
Average Net Assets | 2.27% | 3.30% | 2.94% | 2.86% | 3.05% | 2.87% | |||||||
Portfolio Turnover Rate2 | 1% | 4% | 6% | 4% | 5% | 3% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. | |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
22 |
FTSE All-World ex-US Index Fund
Notes to Financial Statements
Vanguard FTSE All-World ex-US Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers four classes of shares: ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker. Prior to November 7, 2019, the fund offered Investor Shares. Effective at the close of business on November 7, 2019, the remaining Investor Shares were converted to Admiral Shares.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
3. 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
23 |
FTSE All-World ex-US Index Fund
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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented 3% of net assets, based on the average of notional amounts at each quarter-end during the period.
24 |
FTSE All-World ex-US Index Fund
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the
25 |
FTSE All-World ex-US Index Fund
extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. Foreign capital gains tax is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $1,661,000, representing less than 0.01% of the fund’s net assets and 0.66% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
26 |
FTSE All-World ex-US Index Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
($000) | ($000) | ($000) | ($000) | |
Investments | ||||
Assets | ||||
Common Stocks—North and South America | 2,776,200 | 26,754 | — | 2,802,954 |
Common Stocks—Other | 1,472,221 | 30,534,822 | 6,004 | 32,013,047 |
Temporary Cash Investments | 904,227 | 75,632 | — | 979,859 |
Total | 5,152,648 | 30,637,208 | 6,004 | 35,795,860 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 8,963 | — | — | 8,963 |
Forward Currency Contracts | — | 10,272 | — | 10,272 |
Total | 8,963 | 10,272 | — | 19,235 |
Liabilities | ||||
Futures Contracts1 | 12,993 | — | — | 12,993 |
Forward Currency Contracts | — | 3,192 | — | 3,192 |
Total | 12,993 | 3,192 | — | 16,185 |
1 Represents variation margin on the last day of the reporting period.
27 |
FTSE All-World ex-US Index Fund
D. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | |||
Equity | Exchange | ||
Contracts | Contracts | Total | |
Statement of Assets and Liabilities Caption | ($000) | ($000) | ($000) |
Variation Margin Receivable—Futures Contracts | 8,963 | — | 8,963 |
Unrealized Appreciation—Forward Currency Contracts | — | 10,272 | 10,272 |
Total Assets | 8,963 | 10,272 | 19,235 |
Variation Margin Payable—Futures Contracts | 12,993 | — | 12,993 |
Unrealized Depreciation—Forward Currency Contracts | — | 3,192 | 3,192 |
Total Liabilities | 12,993 | 3,192 | 16,185 |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | |||
Equity | Exchange | ||
Contracts | Contracts | Total | |
Realized Net Gain (Loss) on Derivatives | ($000) | ($000) | ($000) |
Futures Contracts | (93,020) | — | (93,020) |
Forward Currency Contracts | — | (10,218) | (10,218) |
Realized Net Gain (Loss) on Derivatives | (93,020) | (10,218) | (103,238) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 56,912 | — | 56,912 |
Forward Currency Contracts | — | 4,438 | 4,438 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 56,912 | 4,438 | 61,350 |
E. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | |
($000) | |
Tax Cost | 36,672,646 |
Gross Unrealized Appreciation | 7,627,433 |
Gross Unrealized Depreciation | (8,433,827) |
Net Unrealized Appreciation (Depreciation) | (806,394) |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $2,125,627,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these
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FTSE All-World ex-US Index Fund
capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
F. During the six months ended April 30, 2020, the fund purchased $2,126,197,000 of investment securities and sold $512,536,000 of investment securities, other than temporary cash investments. Purchases and sales include $589,179,000 and $80,859,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
G. | Capital share transactions for each class of shares were: |
Six Months Ended | Year Ended | ||||
April 30, 2020 | October 31, 2019 | ||||
Amount | Shares | Amount | Shares | ||
($000) | (000) | ($000) | (000) | ||
Investor Shares | |||||
Issued | 5 | — | 129,887 | 6,537 | |
Issued in Lieu of Cash Distributions | — | — | 9,382 | 507 | |
Redeemed1 | (1,789) | (86) | (713,592) | (36,523) | |
Net Increase (Decrease)—Investor Shares | (1,784) | (86) | (574,323) | (29,479) | |
ETF Shares | |||||
Issued | 1,056,894 | 20,301 | 2,537,364 | 53,371 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (92,904) | (2,400) | (1,082,052) | (22,200) | |
Net Increase (Decrease)—ETF Shares | 963,990 | 17,901 | 1,455,312 | 31,171 | |
Admiral Shares | |||||
Issued1 | 2,470,002 | 93,392 | 2,877,937 | 96,476 | |
Issued in Lieu of Cash Distributions | 72,790 | 2,364 | 154,603 | 5,172 | |
Redeemed | (1,662,748) | (61,543) | (2,281,657) | (75,922) | |
Net Increase (Decrease)—Admiral Shares | 880,044 | 34,213 | 750,883 | 25,726 | |
Institutional Shares | |||||
Issued | 731,806 | 8,373 | 1,269,059 | 13,204 | |
Issued in Lieu of Cash Distributions | 61,050 | 624 | 140,949 | 1,488 | |
Redeemed | (678,147) | (7,437) | (1,527,980) | (15,711) | |
Net Increase (Decrease)—Institutional Shares | 114,709 | 1,560 | (117,972) | (1,019) | |
Institutional Plus Shares | |||||
Issued | 196,310 | 2,093 | 379,098 | 3,610 | |
Issued in Lieu of Cash Distributions | 37,030 | 358 | 76,864 | 766 | |
Redeemed | (77,922) | (751) | (460,475) | (4,381) | |
Net Increase (Decrease)—Institutional Plus Shares | 155,418 | 1,700 | (4,513) | (5) |
1 | In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019. Investor Shares—Redeemed and Admiral Shares—Issued include 1,046 and 664 shares, respectively, in the amount of $22,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares—Issued include 17,502,000 and 11,111,000 shares, respectively, in the amount of $348,707,000 from the conversion during the year ended October 31, 2019. |
29 |
FTSE All-World ex-US Index Fund
H. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
30 |
FTSE All-World ex-US Small-Cap Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 10.1% |
Consumer Goods | 10.5 |
Consumer Services | 11.0 |
Financials | 20.7 |
Health Care | 7.0 |
Industrials | 23.0 |
Oil & Gas | 2.6 |
Technology | 10.6 |
Telecommunications | 0.9 |
Utilities | 3.6 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period. |
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, at-tempting to remain fully invested and tracking their target index as closely as possible. |
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
31 |
FTSE All-World ex-US Small-Cap Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000) | Assets | |||||
Common Stocks | |||||||
§,1Australia † | 257,405 | 4.5% | |||||
1Austria † | 41,603 | 0.7% | |||||
Belgium | |||||||
Warehouses De Pauw CVA | 386,576 | 10,605 | 0.2% | ||||
Cofinimmo SA | 75,639 | 10,516 | 0.2% | ||||
Belgium—Other † | 64,414 | 1.1% | |||||
85,535 | 1.5% | ||||||
1Brazil † | 45,913 | 0.8% | |||||
Canada | |||||||
Kirkland Lake Gold Ltd. | 769,978 | 31,829 | 0.5% | ||||
Open Text Corp. | 758,159 | 28,650 | 0.5% | ||||
Emera Inc. | 707,993 | 28,183 | 0.5% | ||||
* | Kinross Gold Corp. | 3,635,538 | 24,003 | 0.4% | |||
^ | Algonquin Power & Utilities Corp. | 1,513,915 | 20,991 | 0.4% | |||
WSP Global Inc. | 305,886 | 20,527 | 0.3% | ||||
Canadian Apartment Properties REIT | 493,886 | 16,996 | 0.3% | ||||
B2Gold Corp. | 2,929,900 | 14,818 | 0.2% | ||||
TMX Group Ltd. | 162,711 | 14,096 | 0.2% | ||||
Ritchie Bros Auctioneers Inc. | 315,376 | 13,574 | 0.2% | ||||
CCL Industries Inc. Class B | 433,002 | 13,535 | 0.2% | ||||
Yamana Gold Inc. | 2,769,431 | 13,052 | 0.2% | ||||
CAE Inc. | 780,020 | 12,889 | 0.2% | ||||
Pan American Silver Corp. | 601,406 | 12,789 | 0.2% | ||||
* | Stars Group Inc. (XTSE) | 457,833 | 12,772 | 0.2% | |||
Allied Properties REIT | 361,095 | 11,560 | 0.2% | ||||
Cameco Corp. | 1,157,158 | 11,505 | 0.2% | ||||
Onex Corp. | 240,420 | 11,082 | 0.2% | ||||
Empire Co. Ltd. | 494,775 | 10,923 | 0.2% |
32 |
FTSE All-World ex-US Small-Cap Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000) | Assets | |||||
Toromont Industries Ltd. | 231,350 | 10,870 | 0.2% | ||||
* | Descartes Systems Group Inc. | 245,727 | 10,329 | 0.2% | |||
Parkland Fuel Corp. | 430,688 | 10,189 | 0.2% | ||||
iA Financial Corp. Inc. | 313,786 | 10,187 | 0.2% | ||||
First Quantum Minerals Ltd. | 1,633,715 | 9,976 | 0.2% | ||||
Northland Power Inc. | 461,727 | 9,908 | 0.2% | ||||
AltaGas Ltd. | 805,514 | 9,629 | 0.2% | ||||
Stantec Inc. | 323,710 | 9,542 | 0.2% | ||||
^ | SNC-Lavalin Group Inc. | 514,804 | 9,494 | 0.2% | |||
Canada—Other † | 404,808 | 7.0% | |||||
818,706 | 14.1% | ||||||
Chile † | 8,938 | 0.2% | |||||
§,1China † | 293,523 | 5.1% | |||||
Colombia † | 2,351 | 0.0% | |||||
Czech Republic † | 714 | 0.0% | |||||
Denmark | |||||||
* | Royal Unibrew A/S | 144,242 | 11,160 | 0.2% | |||
SimCorp A/S | 115,264 | 10,647 | 0.2% | ||||
§,1 | Denmark—Other † | 55,670 | 0.9% | ||||
77,477 | 1.3% | ||||||
§Egypt † | 4,897 | 0.1% | |||||
Finland | |||||||
* | Kojamo Oyj | 526,503 | 9,467 | 0.2% | |||
Finland—Other † | 46,765 | 0.8% | |||||
56,232 | 1.0% | ||||||
§,1France † | 100,878 | 1.7% | |||||
Germany | |||||||
* | HelloFresh SE | 408,122 | 14,547 | 0.2% | |||
* | MorphoSys AG | 92,069 | 9,659 | 0.2% | |||
*,^ | Evotec SE | 389,009 | 9,599 | 0.2% | |||
1 | Germany—Other † | 179,645 | 3.1% | ||||
213,450 | 3.7% | ||||||
Greece † | 10,205 | 0.2% | |||||
§,1Hong Kong † | 67,553 | 1.2% | |||||
Hungary † | 591 | 0.0% | |||||
§,1India † | 128,298 | 2.2% | |||||
§Indonesia † | 22,902 | 0.4% | |||||
Ireland † | 10,238 | 0.2% |
33 |
FTSE All-World ex-US Small-Cap Index Fund | |||||||
Market | Percentage | ||||||
Value• | of Net | ||||||
Shares | ($000) | Assets | |||||
Israel † | 41,855 | 0.7% | |||||
1Italy † | 107,122 | 1.9% | |||||
Japan † | 910,454 | 15.8% | |||||
Kuwait † | 6,527 | 0.1% | |||||
§,1Malaysia † | 48,728 | 0.8% | |||||
1Mexico † | 23,958 | 0.4% | |||||
Netherlands | |||||||
Imcd NV | 154,112 | 13,609 | 0.3% | ||||
§,1 | Netherlands—Other † | 59,233 | 1.0% | ||||
72,842 | 1.3% | ||||||
New Zealand † | 42,841 | 0.7% | |||||
Norway | |||||||
TOMRA Systems ASA | 319,975 | 10,632 | 0.2% | ||||
1 | Norway—Other † | 70,174 | 1.2% | ||||
80,806 | 1.4% | ||||||
Pakistan † | 12,981 | 0.2% | |||||
§,1Philippines † | 16,849 | 0.3% | |||||
§,1Poland † | 23,585 | 0.4% | |||||
Portugal † | 16,349 | 0.3% | |||||
Qatar † | 2,980 | 0.1% | |||||
§,1Russia † | 6,798 | 0.1% | |||||
Saudi Arabia † | 21,734 | 0.4% | |||||
§Singapore † | 59,543 | 1.0% | |||||
§South Africa † | 23,772 | 0.4% | |||||
§South Korea † | 258,295 | 4.5% | |||||
§,1Spain † | 76,967 | 1.3% | |||||
Sweden | |||||||
1 | Evolution Gaming Group AB | 360,087 | 16,491 | 0.3% | |||
* | Getinge AB | 653,313 | 12,522 | 0.2% | |||
§,1 | Sweden—Other † | 211,785 | 3.7% | ||||
240,798 | 4.2% | ||||||
Switzerland | |||||||
1 | VAT Group AG | 75,105 | 12,395 | 0.2% | |||
* | SIG Combibloc Group AG | 743,442 | 12,041 | 0.2% | |||
Tecan Group AG | 34,309 | 11,045 | 0.2% |
34 |
FTSE All-World ex-US Small-Cap Index Fund | |||||||||
Market | Percentage | ||||||||
Value• | of Net | ||||||||
Shares | ($000) | Assets | |||||||
1 | Galenica AG | 140,066 | 10,030 | 0.2% | |||||
* | ams AG | 752,927 | 9,884 | 0.2% | |||||
§,1 | Switzerland—Other † | 173,114 | 3.0% | ||||||
228,509 | 4.0% | ||||||||
§Taiwan † | 468,463 | 8.1% | |||||||
§Thailand † | 82,937 | 1.4% | |||||||
§,1Turkey † | 22,693 | 0.4% | |||||||
§United Arab Emirates † | 3,506 | 0.1% | |||||||
United Kingdom | |||||||||
Spectris plc | 338,916 | 11,429 | 0.2% | ||||||
Dechra Pharmaceuticals plc | 291,260 | 10,138 | 0.2% | ||||||
IG Group Holdings plc | 1,061,206 | 10,058 | 0.2% | ||||||
Electrocomponents plc | 1,300,982 | 9,450 | 0.2% | ||||||
UNITE Group plc | 851,160 | 9,399 | 0.1% | ||||||
§,1 | United Kingdom—Other † | 519,117 | 9.0% | ||||||
569,591 | 9.9% | ||||||||
Total Common Stocks (Cost $6,850,634) | 5,718,892 | 99.1% | |||||||
Coupon | |||||||||
Temporary Cash Investments | |||||||||
Money Market Fund | |||||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 2,256,336 | 225,634 | 3.9% | ||||
4U.S. Government and Agency Obligations † | 8,106 | 0.2% | |||||||
Total Temporary Cash Investments (Cost $233,720) | 233,740 | 4.1% | |||||||
Total Investments (Cost $7,084,354) | 5,952,632 | 103.2% | |||||||
2,4Other Assets and Liabilities—Net | (183,434 | ) | -3.2% | ||||||
Net Assets | 5,769,198 | 100.0% |
Cost rounded to $000. | |
• | See Note A in Notes to Financial Statements. |
§ | Certain of the fund’s securities are valued determined using significant unobservable inputs. |
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $205,825,000. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $266,867,000, representing 4.6% of net assets. |
2 | Collateral of $222,908,000 was received for securities on loan. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Securities with a value of $8,106,000 and cash of $199,000 have been segregated as initial margin for open futures contracts. REIT—Real Estate Investment Trust. |
35 |
FTSE All-World ex-US Small-Cap Index Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
($000) | ||||||||||||||
Value and | ||||||||||||||
Number of | Unrealized | |||||||||||||
Long (Short) | Notional | Appreciation | ||||||||||||
Expiration | Contracts | Amount | (Depreciation) | |||||||||||
Long Futures Contracts | ||||||||||||||
MSCI Emerging Markets Index | June 2020 | 409 | 18,526 | 1,561 | ||||||||||
E-mini Russell 2000 Index | June 2020 | 242 | 15,811 | 1,330 | ||||||||||
Dow Jones EURO STOXX 50 Index | June 2020 | 338 | 10,693 | 964 | ||||||||||
Topix Index | June 2020 | 37 | 5,013 | 197 | ||||||||||
E-mini S&P 500 Index | June 2020 | 5 | 726 | 106 | ||||||||||
4,158 | ||||||||||||||
Forward Currency Contracts | ||||||||||||||
Contract | Unrealized | Unrealized | ||||||||||||
Settlement | Contract Amount (000) | Appreciation | (Depreciation) | |||||||||||
Counterparty | Date | Receive | Deliver | ($000) | ($000) | |||||||||
Morgan Stanley Capital Services LLC | 7/2/20 | EUR | 21,654 | USD | 23,456 | 306 | — | |||||||
Royal Bank of Canada | 7/2/20 | JPY | 390,538 | USD | 3,520 | 122 | — | |||||||
HSBC Bank USA, N.A. | 7/2/20 | USD | 11,975 | EUR | 10,827 | 95 | — | |||||||
Deutsche Bank AG | 7/2/20 | USD | 10,290 | EUR | 9,500 | — | (135 | ) | ||||||
Royal Bank of Canada | 7/2/20 | USD | 10,139 | JPY | 1,100,000 | — | (121 | ) | ||||||
HSBC Bank USA, N.A. | 7/2/20 | USD | 3,645 | JPY | 390,538 | 2 | — | |||||||
525 | (256 | ) |
EUR—Euro.
JPY—Japanese yen.
USD—U.S. dollar.
See accompanying Notes, which are an integral part of the Financial Statements.
36 |
FTSE All-World ex-US Small-Cap Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount | |||
Assets | ||||
Investments in Securities, at Value | ||||
Unaffiliated Issuers (Cost $6,858,739) | 5,726,998 | |||
Affiliated Issuers (Cost $225,615) | 225,634 | |||
Total Investments in Securities | 5,952,632 | |||
Investment in Vanguard | 264 | |||
Cash Collateral Pledged—Futures Contracts | 199 | |||
Foreign Currency, at Value (Cost $23,674) | 23,799 | |||
Receivables for Investment Securities Sold | 3,839 | |||
Receivables for Accrued Income | 22,271 | |||
Receivables for Capital Shares Issued | 1,002 | |||
Variation Margin Receivable—Futures Contracts | 320 | |||
Unrealized Appreciation—Forward Currency Contracts | 525 | |||
Total Assets | 6,004,851 | |||
Liabilities | ||||
Due to Custodian | 4,238 | |||
Payables for Investment Securities Purchased | 4,745 | |||
Collateral for Securities on Loan | 222,908 | |||
Payables for Capital Shares Redeemed | 1,261 | |||
Payables to Vanguard | 732 | |||
Variation Margin Payable—Futures Contracts | 1,513 | |||
Unrealized Depreciation—Forward Currency Contracts | 256 | |||
Total Liabilities | 235,653 | |||
Net Assets | 5,769,198 |
37 |
FTSE All-World ex-US Small-Cap Index Fund
Statement of Assets and Liabilities (continued)
At April 30, 2020, net assets consisted of: |
($000s, except shares and per-share amounts) | Amount | |||
Paid-in Capital | 7,229,765 | |||
Total Distributable Earnings (Loss) | (1,460,567 | ) | ||
Net Assets | 5,769,198 | |||
ETF Shares—Net Assets | ||||
Applicable to 53,025,062 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | | 4,673,318 | |
Net Asset Value Per Share—ETF Shares | $88.13 | |||
Admiral Shares—Net Assets | ||||
Applicable to 41,225,156 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 896,995 | |||
Net Asset Value Per Share—Admiral Shares | $21.76 | |||
Institutional Shares—Net Assets | ||||
Applicable to 1,180,936 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 198,885 | |||
Net Asset Value Per Share—Institutional Shares | $168.41 |
See accompanying Notes, which are an integral part of the Financial Statements.
38 |
FTSE All-World ex-US Small-Cap Index Fund
Statement of Operations
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Investment Income | ||||
Income | ||||
Dividends1 | 62,666 | |||
Interest2 | 209 | |||
Securities Lending—Net | 7,518 | |||
Total Income | 70,393 | |||
Expenses | ||||
The Vanguard Group—Note B | ||||
Investment Advisory Services | 475 | |||
Management and Administrative—ETF Shares | 1,719 | |||
Management and Administrative—Admiral Shares | 590 | |||
Management and Administrative—Institutional Shares | 86 | |||
Marketing and Distribution—ETF Shares | 147 | |||
Marketing and Distribution—Admiral Shares | 28 | |||
Marketing and Distribution—Institutional Shares | 4 | |||
Custodian Fees | 507 | |||
Shareholders’ Reports—ETF Shares | 196 | |||
Shareholders’ Reports—Admiral Shares | 7 | |||
Shareholders’ Reports—Institutional Shares | — | |||
Trustees’ Fees and Expenses | 2 | |||
Total Expenses | 3,761 | |||
Expenses Paid Indirectly | (33 | ) | ||
Net Expenses | 3,728 | |||
Net Investment Income | 66,665 | |||
Realized Net Gain (Loss) | ||||
Investment Securities Sold2,3 | (82,311 | ) | ||
Futures Contracts | (31,641 | ) | ||
Forward Currency Contracts | (1,832 | ) | ||
Foreign Currencies | (2,214 | ) | ||
Realized Net Gain (Loss) | (117,998 | ) | ||
Change in Unrealized Appreciation (Depreciation) | ||||
Investment Securities2 | (929,012 | ) | ||
Futures Contracts | 2,392 |
39 |
FTSE All-World ex-US Small-Cap Index Fund
Statement of Operations (continued)
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Forward Currency Contracts | 188 | |||
Foreign Currencies | 220 | |||
Change in Unrealized Appreciation (Depreciation) | (926,212 | ) | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (977,545 | ) |
1 | Dividends are net of foreign withholding taxes of $7,475,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $169,000, $8,000, and ($21,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $14,871,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
40 |
FTSE All-World ex-US Small-Cap Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | |||||||
April 30, | October 31, | |||||||
2020 | 2019 | |||||||
($000 | ) | ($000 | ) | |||||
Increase (Decrease) in Net Assets | ||||||||
Operations | ||||||||
Net Investment Income | 66,665 | 179,887 | ||||||
Realized Net Gain (Loss) | (117,998 | ) | 91,010 | |||||
Change in Unrealized Appreciation (Depreciation) | (926,212 | ) | 265,765 | |||||
Net Increase (Decrease) in Net Assets Resulting from Operations | (977,545 | ) | 536,662 | |||||
Distributions1 | ||||||||
Investor Shares | — | (14,952 | ) | |||||
ETF Shares | (109,594 | ) | (156,732 | ) | ||||
Admiral Shares | (20,061 | ) | (10,430 | ) | ||||
Institutional Shares | (4,887 | ) | (6,284 | ) | ||||
Total Distributions | (134,542 | ) | (188,398 | ) | ||||
Capital Share Transactions | ||||||||
Investor Shares | (1,182 | ) | (835,258 | ) | ||||
ETF Shares | 172,320 | 105,084 | ||||||
Admiral Shares | 92,162 | 963,051 | ||||||
Institutional Shares | (6,737 | ) | 27,779 | |||||
Net Increase (Decrease) from Capital Share Transactions | 256,563 | 260,656 | ||||||
Total Increase (Decrease) | (855,524 | ) | 608,920 | |||||
Net Assets | ||||||||
Beginning of Period | 6,624,722 | 6,015,802 | ||||||
End of Period | 5,769,198 | 6,624,722 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
41 |
FTSE All-World ex-US Small-Cap Index Fund
Financial Highlights
Investor Shares
Nov.1, | ||||||||||||||||||||||||
2019 to | ||||||||||||||||||||||||
For a Share Outstanding | Nov. 7 | Year Ended October 31, | ||||||||||||||||||||||
Throughout Each Period | 20191 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||
Net Asset Value, Beginning of Period | $40.42 | $38.50 | $44.36 | $36.74 | $36.27 | $38.10 | ||||||||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net Investment Income | .010 | 2 | .958 | 2 | 1.115 | 2 | .965 | 2 | .933 | .887 | ||||||||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||||||||||||
on Investments | .690 | 2.064 | (5.832 | ) | 7.684 | .461 | (1.769 | ) | ||||||||||||||||
Total from Investment Operations | .700 | 3.022 | (4.717 | ) | 8.649 | 1.394 | (.882 | ) | ||||||||||||||||
Distributions | ||||||||||||||||||||||||
Dividends from Net Investment Income | — | (1.102 | ) | (1.143 | ) | (1.029 | ) | (.924 | ) | (.948 | ) | |||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||||||||
Total Distributions | — | (1.102 | ) | (1.143 | ) | (1.029 | ) | (.924 | ) | (.948 | ) | |||||||||||||
Net Asset Value, End of Period | $41.121 | $40.42 | $38.50 | $44.36 | $36.74 | $36.27 | ||||||||||||||||||
Total Return3 | 1.73% | 8.16% | -10.95% | 24.02% | 3.95% | -2.33% | ||||||||||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||||||
Net Assets, End of Period (Millions) | $— | $1 | $804 | $812 | $520 | $446 | ||||||||||||||||||
Ratio of Total Expenses to | ||||||||||||||||||||||||
Average Net Assets | 0.22% | 0.22% | 0.22% | 0.25% | 0.27% | 0.31% | ||||||||||||||||||
Ratio of Net Investment Income to | ||||||||||||||||||||||||
Average Net Assets | 1.29% | 2.47% | 2.50% | 2.40% | 2.63% | 2.41% | ||||||||||||||||||
Portfolio Turnover Rate4 | 8%5 | 17% | 15% | 14% | 14% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Net asset value as of November 7, 2019, on which date the remaining Investor Shares were converted to Admiral Shares. |
2 | Calculated based on average shares outstanding. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
5 | Reflects the fund’s portfolio turnover for the six months ended April 30, 2020. |
See accompanying Notes, which are an integral part of the Financial Statements.
42 |
FTSE All-World ex-US Small-Cap Index Fund
Financial Highlights
ETF Shares
Six Months | |||||||||||||||||||||||
Ended | |||||||||||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||||||||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||||
Net Asset Value, Beginning of Period | $105.96 | $100.93 | $116.30 | $96.34 | $95.09 | $99.89 | |||||||||||||||||
Investment Operations | |||||||||||||||||||||||
Net Investment Income | 1.052 | 1 | 2.871 | 1 | 3.019 | 1 | 2.650 | 1 | 2.574 | 2.461 | |||||||||||||
Net Realized and Unrealized Gain (Loss) | |||||||||||||||||||||||
on Investments | (16.732 | ) | 5.156 | (15.269 | ) | 20.140 | 1.216 | (4.634) | |||||||||||||||
Total from Investment Operations | (15.680 | ) | 8.027 | (12.250 | ) | 22.790 | 3.790 | (2.173) | |||||||||||||||
Distributions | |||||||||||||||||||||||
Dividends from Net Investment Income | (2.150 | ) | (2.997 | ) | (3.120 | ) | (2.830 | ) | (2.540 | ) | (2.627) | ||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | |||||||||||||||||
Total Distributions | (2.150 | ) | (2.997 | ) | (3.120 | ) | (2.830 | ) | (2.540 | ) | (2.627) | ||||||||||||
Net Asset Value, End of Period | $88.13 | $105.96 | $100.93 | $116.30 | $96.34 | $95.09 | |||||||||||||||||
Total Return | -15.19% | 8.28% | -10.87% | 24.16% | 4.11% | -2.19% | |||||||||||||||||
Ratios/Supplemental Data | |||||||||||||||||||||||
Net Assets, End of Period (Millions) | $4,673 | $5,400 | $5,009 | $4,568 | $2,652 | $2,407 | |||||||||||||||||
Ratio of Total Expenses to | |||||||||||||||||||||||
Average Net Assets | 0.11% | 0.11% | 0.12% | 0.13% | 0.13% | 0.17% | |||||||||||||||||
Ratio of Net Investment Income to | |||||||||||||||||||||||
Average Net Assets | 2.06% | 2.80% | 2.60% | 2.52% | 2.77% | 2.55% | |||||||||||||||||
Portfolio Turnover Rate2 | 8% | 17% | 15% | 14% | 14% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
43 |
FTSE All-World ex-US Small-Cap Index Fund
Financial Highlights
Admiral Shares
Six Months | Feb. 7, | |||||||
Ended | 20191 to | |||||||
April 30, | Oct. 31, | |||||||
For a Share Outstanding Throughout Each Period | 2020 | 2019 | ||||||
Net Asset Value, Beginning of Period | $26.16 | $25.00 | ||||||
Investment Operations | ||||||||
Net Investment Income2 | .253 | .572 | ||||||
Net Realized and Unrealized Gain (Loss) on Investments | (4.126 | ) | .935 | |||||
Total from Investment Operations | (3.873 | ) | 1.507 | |||||
Distributions | ||||||||
Dividends from Net Investment Income | (.527 | ) | (.347 | ) | ||||
Distributions from Realized Capital Gains | — | — | ||||||
Total Distributions | (.527 | ) | (.347 | ) | ||||
Net Asset Value, End of Period | $21.76 | $26.16 | ||||||
Total Return3 | -15.19 | % | 6.08% | |||||
Ratios/Supplemental Data | ||||||||
Net Assets, End of Period (Millions) | $897 | $981 | ||||||
Ratio of Total Expenses to Average Net Assets | 0.16 | % | 0.16%4 | |||||
Ratio of Net Investment Income to Average Net Assets | 2.01 | % | 3.07%4 | |||||
Portfolio Turnover Rate5 | 8 | % | 17%6 |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Total return does not include account service fees that may have applied in the period shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Annualized. |
5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
6 | Reflects the fund’s portfolio turnover for the fiscal year ended October 31, 2019. |
See accompanying Notes, which are an integral part of the Financial Statements.
44 |
FTSE All-World ex-US Small-Cap Index Fund
Financial Highlights
Institutional Shares
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | ||||||||||||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||
Net Asset Value, Beginning of Period | $202.46 | $192.87 | $222.24 | $184.07 | $181.69 | $190.87 | ||||||||||||||||||
Investment Operations | ||||||||||||||||||||||||
Net Investment Income | 1.9631 | 5.5001 | 5.7481 | 5.0441 | 4.937 | 4.756 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) | ||||||||||||||||||||||||
on Investments | (31.909 | ) | 9.824 | (29.138 | ) | 38.536 | 2.326 | (8.864 | ) | |||||||||||||||
Total from Investment Operations | (29.946 | ) | 15.324 | (23.390 | ) | 43.580 | 7.263 | (4.108 | ) | |||||||||||||||
Distributions | ||||||||||||||||||||||||
Dividends from Net Investment Income | (4.104 | ) | (5.734 | ) | (5.980 | ) | (5.410 | ) | (4.883 | ) | (5.072 | ) | ||||||||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||||||||
Total Distributions | (4.104 | ) | (5.734 | ) | (5.980 | ) | (5.410 | ) | (4.883 | ) | (5.072 | ) | ||||||||||||
Net Asset Value, End of Period | $168.41 | $202.46 | $192.87 | $222.24 | $184.07 | $181.69 | ||||||||||||||||||
Total Return | -15.18 | % | 8.26 | % | -10.85 | % | 24.18 | % | 4.11 | % | -2.17 | % | ||||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||||||
Net Assets, End of Period (Millions) | $199 | $242 | $203 | $226 | $175 | $164 | ||||||||||||||||||
Ratio of Total Expenses to | ||||||||||||||||||||||||
Average Net Assets | 0.11 | % | 0.11 | % | 0.11 | % | 0.12 | % | 0.12 | % | 0.15 | % | ||||||||||||
Ratio of Net Investment Income to | ||||||||||||||||||||||||
Average Net Assets | 1.99 | % | 2.81 | % | 2.61 | % | 2.53 | % | 2.78 | % | 2.57 | % | ||||||||||||
Portfolio Turnover Rate2 | 8 | % | 17 | % | 15 | % | 14 | % | 14 | % | 9 | % |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
45 |
FTSE All-World ex-US Small-Cap Index Fund
Notes to Financial Statements
Vanguard FTSE All-World ex-US Small-Cap Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker. Prior to November 7, 2019, the fund offered Investor Shares. Effective at the close of business on November 7, 2019, the remaining Investor Shares were converted to Admiral Shares.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
3. 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
46 |
FTSE All-World ex-US Small-Cap Index Fund
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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
47 |
FTSE All-World ex-US Small-Cap Index Fund
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the
48 |
FTSE All-World ex-US Small-Cap Index Fund
extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. Foreign capital gains tax is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $264,000, representing less than 0.01% of the fund’s net assets and 0.11% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
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FTSE All-World ex-US Small-Cap Index Fund
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended April 30, 2020, custodian fee offset arrangements reduced the fund’s expenses by $33,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | |||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks—North and South America | 899,866 | — | — | 899,866 | ||||||||||||
Common Stocks—Other | 33,387 | 4,773,581 | 12,058 | 4,819,026 | ||||||||||||
Temporary Cash Investments | 225,634 | 8,106 | — | 233,740 | ||||||||||||
Total | 1,158,887 | 4,781,687 | 12,058 | 5,952,632 | ||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts1 | 320 | — | — | 320 | ||||||||||||
Forward Currency Contracts | — | 525 | — | 525 | ||||||||||||
Total | 320 | 525 | — | 845 | ||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts1 | 1,513 | — | — | 1,513 | ||||||||||||
Forward Currency Contracts | — | 256 | — | 256 | ||||||||||||
Total | 1,513 | 256 | — | 1,769 |
1 Represents variation margin on the last day of the reporting period.
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FTSE All-World ex-US Small-Cap Index Fund
E. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Statement of Assets and Liabilities Caption | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Variation Margin Receivable—Futures Contracts | 320 | — | 320 | |||||||||
Unrealized Appreciation—Forward Currency Contracts | — | 525 | 525 | |||||||||
Total Assets | 320 | 525 | 845 | |||||||||
Variation Margin Payable—Futures Contracts | 1,513 | — | 1,513 | |||||||||
Unrealized Depreciation—Forward Currency Contracts | — | 256 | 256 | |||||||||
Total Liabilities | 1,513 | 256 | 1,769 |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Realized Net Gain (Loss) on Derivatives | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Futures Contracts | (31,641 | ) | — | (31,641 | ) | |||||||
Forward Currency Contracts | — | (1,832 | ) | (1,832 | ) | |||||||
Realized Net Gain (Loss) on Derivatives | (31,641 | ) | (1,832 | ) | (33,473 | ) | ||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | ||||||||||||
Futures Contracts | 2,392 | — | 2,392 | |||||||||
Forward Currency Contracts | — | 188 | 188 | |||||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | 2,392 | 188 | 2,580 |
F. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | ||||
($000 | ) | |||
Tax Cost | 7,156,510 | |||
Gross Unrealized Appreciation | 737,536 | |||
Gross Unrealized Depreciation | (1,936,987 | ) | ||
Net Unrealized Appreciation (Depreciation) | (1,199,451 | ) |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $182,025,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital
51 |
FTSE All-World ex-US Small-Cap Index Fund
losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G. During the six months ended April 30, 2020, the fund purchased $729,160,000 of investment securities and sold $564,620,000 of investment securities, other than temporary cash investments. Purchases and sales include $147,197,000 and $47,261,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
H. | Capital share transactions for each class of shares were: |
Six Months Ended | Year Ended | |||||||||||||||
April 30, 2020 | October 31, 2019 | |||||||||||||||
Amount | Shares | Amount | Shares | |||||||||||||
($000 | ) | (000 | ) | ($000 | ) | (000 | ) | |||||||||
Investor Shares | ||||||||||||||||
Issued | 32 | 1 | 222,587 | 5,826 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | 12,683 | 357 | ||||||||||||
Redeemed1 | (1,214 | ) | (30 | ) | (1,070,528 | ) | (27,045 | ) | ||||||||
Net Increase (Decrease)—Investor Shares | (1,182 | ) | (29 | ) | (835,258 | ) | (20,862 | ) | ||||||||
ETF Shares | ||||||||||||||||
Issued | 231,047 | 2,758 | 676,487 | 6,943 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | — | — | ||||||||||||
Redeemed | (58,727 | ) | (700 | ) | (571,403 | ) | (5,600 | ) | ||||||||
Net Increase (Decrease)—ETF Shares | 172,320 | 2,058 | 105,084 | 1,343 | ||||||||||||
Admiral Shares2 | ||||||||||||||||
Issued1 | 282,234 | 12,460 | 1,038,579 | 40,489 | ||||||||||||
Issued in Lieu of Cash Distributions | 17,215 | 638 | 8,784 | 346 | ||||||||||||
Redeemed | (207,287 | ) | (9,387 | ) | (84,312 | ) | (3,320 | ) | ||||||||
Net Increase (Decrease)—Admiral Shares | 92,162 | 3,711 | 963,051 | 37,515 | ||||||||||||
Institutional Shares | ||||||||||||||||
Issued | 59,102 | 350 | 60,505 | 312 | ||||||||||||
Issued in Lieu of Cash Distributions | 4,763 | 23 | 6,249 | 34 | ||||||||||||
Redeemed | (70,602 | ) | (387 | ) | (38,975 | ) | (203 | ) | ||||||||
Net Increase (Decrease)—Institutional Shares | (6,737 | ) | (14 | ) | 27,779 | 143 |
1 | In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019. Investor Shares—Redeemed and Admiral Shares—Issued include 283 shares and 437 shares, respectively, in the amount of $12,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares— Issued include 22,154,000 shares and 34,228,000 shares, respectively, in the amount of $879,751,000 from the conversion during the year ended October 31, 2019. |
2 | Inception was February 7, 2019, for Admiral Shares. |
I. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
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Trustees Approve Advisory Arrangements
The board of trustees of Vanguard FTSE All-World ex-US Index Fund and Vanguard FTSE All-World ex-US Small-Cap Index Fund has renewed each fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Equity Index Group. The board determined that continuing each fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangements. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the funds’ investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Equity Index Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangements.
Investment performance
The board considered the short- and long-term performance of the funds, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangements should continue.
Cost
The board concluded that each fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that each fund’s advisory expenses were also well below the peer-group average.
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
53 |
The benefit of economies of scale
The board concluded that the funds’ arrangements with Vanguard ensure that the funds will realize economies of scale as they grow, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangements again after a one-year period.
54 |
Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard International Equity Index Funds approved the appointment of liquidity risk management program administrators responsible for administering the Program for Vanguard FTSE All-World ex-US Index Fund and Vanguard FTSE All-World ex-US Small-Cap Index Fund, and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the funds’ liquidity risk.
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London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
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Connect with Vanguard® > vanguard.com
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Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
© 2020 The Vanguard Group, Inc. | |
All rights reserved. | |
U.S. Patent Nos. 6,879,964; 7,337,138; | |
7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636. | |
Vanguard Marketing Corporation, Distributor. | |
Q7702 062020 |
Semiannual Report | April 30, 2020 | |
Vanguard Global ex-U.S. Real Estate Index Fund | |
See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. | |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents
About Your Fund’s Expenses. | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 34 |
Liquidity Risk Management | 36 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1
Six Months Ended April 30, 2020
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
Global ex-U.S. Real Estate Index Fund | 10/31/2019 | 4/30/2020 | Period |
Based on Actual Fund Return | |||
ETF Shares | $1,000.00 | $790.33 | $0.53 |
Admiral™ Shares | 1,000.00 | 790.31 | 0.53 |
Institutional Shares | 1,000.00 | 790.37 | 0.49 |
Based on Hypothetical 5% Yearly Return | |||
ETF Shares | $1,000.00 | $1,024.27 | $0.60 |
Admiral Shares | 1,000.00 | 1,024.27 | 0.60 |
Institutional Shares | 1,000.00 | 1,024.32 | 0.55 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.12% for ETF Shares, 0.12% for Admiral Shares, and 0.11% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2
Global ex-U.S. Real Estate Index Fund
Sector Diversification
As of April 30, 2020
Diversified Real Estate Activites | 19.2 | % | ||
Diversified REITs | 10.7 | |||
Health Care REITs | 1.2 | |||
Hotel & Resort REITs | 0.8 | |||
Industrial REITs | 8.5 | |||
Office REITs | 8.0 | |||
Real Estate Development | 18.9 | |||
Real Estate Operating Companies | 18.6 | |||
Residential REITs | 2.9 | |||
Retail REITs | 10.1 | |||
Specialized REITs | 1.1 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Global Industry Classification Standard ("GICS"), except for the "Other" category (if applicable), which includes securities that have not been provided a GICS classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking their target index as closely as possible.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard and Poor’s, a division of McGraw-Hill Companies, Inc. (“S&P”), and is licensed for use by Vanguard. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classification makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of its affiliates or any third party involved in making or compiling the GICS or any GICS classification have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
3
Global ex-U.S. Real Estate Index Fund
Financial Statements (unaudited)
Schedule of Investments
As of April 30, 2020
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.
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Common Stocks (99.2%) | |||||||||
Australia (7.3%) | |||||||||
Goodman Group | 9,105,097 | 77,551 | |||||||
Scentre Group | 30,262,979 | 45,463 | |||||||
Dexus | 6,153,081 | 36,527 | |||||||
Mirvac Group | 22,456,670 | 32,632 | |||||||
GPT Group | 10,931,951 | 30,044 | |||||||
Lendlease Group (XSAX) | 3,331,641 | 26,539 | |||||||
Stockland | 13,833,136 | 25,687 | |||||||
Vicinity Centres | 18,253,434 | 17,475 | |||||||
Charter Hall Group | 2,618,479 | 12,939 | |||||||
Shopping Centres Australasia Property Group | 5,894,599 | 8,544 | |||||||
Charter Hall Long Wale REIT | 2,403,719 | 6,968 | |||||||
BWP Trust | 2,762,597 | 6,313 | |||||||
Viva Energy REIT | 3,874,389 | 6,054 | |||||||
Cromwell Property Group | 10,696,911 | 5,452 | |||||||
National Storage REIT | 4,484,182 | 5,037 | |||||||
Charter Hall Retail REIT (XASX) | 1,985,621 | 4,086 | |||||||
Ingenia Communities Group | 1,395,431 | 3,371 | |||||||
Abacus Property Group | 1,990,537 | 3,247 | |||||||
Growthpoint Properties Australia Ltd. | 1,559,234 | 3,128 | |||||||
Lendlease Group | 372,993 | 3,004 | |||||||
Centuria Office REIT | 2,296,864 | 2,894 | |||||||
Arena REIT | 1,665,506 | 2,441 | |||||||
Rural Funds Group | 1,879,978 | 2,374 | |||||||
Charter Hall Social Infrastructure REIT | 1,474,834 | 2,334 | |||||||
GDI Property Group | 2,860,546 | 1,934 | |||||||
Hotel Property Investments | 885,175 | 1,408 | |||||||
Charter Hall Retail REIT | 449,366 | 928 | |||||||
APN Industria REIT | 678,204 | 916 | |||||||
Cedar Woods Properties Ltd. | 331,295 | 908 | |||||||
376,198 | |||||||||
Austria (0.5%) | |||||||||
CA Immobilien Anlagen AG | 415,076 | 13,178 | |||||||
Immofinanz AG | 520,057 | 9,603 | |||||||
S Immo AG | 296,892 | 5,513 | |||||||
28,294 | |||||||||
Belgium (1.4%) | |||||||||
Warehouses De Pauw CVA | 735,194 | 20,169 | |||||||
Cofinimmo SA | 139,337 | 19,371 | |||||||
Aedifica SA | 149,614 | 14,501 | |||||||
Befimmo SA | 129,513 | 5,781 | |||||||
* | Montea C.V.A | 61,959 | 5,446 | ||||||
Retail Estates NV | 62,908 | 3,400 | |||||||
Intervest Offices & Warehouses NV | 125,590 | 3,109 | |||||||
71,777 | |||||||||
Brazil (0.5%) | |||||||||
BR Malls Participacoes SA | 4,982,416 | 9,199 | |||||||
Multiplan Empreendimentos Imobiliarios SA | 1,560,548 | 5,995 | |||||||
Aliansce Sonae Shopping Centers sa | 782,116 | 4,014 | |||||||
Iguatemi Empresa de Shopping Centers SA | 497,286 | 3,011 | |||||||
BR Properties SA | 1,125,675 | 1,809 | |||||||
JHSF Participacoes SA | 1,471,700 | 1,126 | |||||||
LOG Commercial Properties e Participacoes SA | 239,678 | 1,008 | |||||||
26,162 |
4
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Canada (2.3%) | |||||||||
^ | Canadian Apartment Properties REIT | 471,140 | 16,213 | ||||||
^ | Allied Properties REIT | 342,787 | 10,973 | ||||||
^ | RioCan REIT | 878,937 | 10,040 | ||||||
^ | Choice Properties REIT | 864,349 | 7,837 | ||||||
^ | Granite REIT | 149,884 | 6,848 | ||||||
First Capital REIT | 611,095 | 6,300 | |||||||
^ | SmartCentres REIT | 398,249 | 6,100 | ||||||
^ | H&R REIT | 796,953 | 5,645 | ||||||
^ | Tricon Capital Group Inc. | 818,096 | 4,755 | ||||||
Northview Apartment REIT | 187,697 | 4,747 | |||||||
^ | InterRent REIT | 338,406 | 3,532 | ||||||
Killam Apartment REIT | 274,038 | 3,294 | |||||||
^ | Cominar REIT | 513,213 | 3,130 | ||||||
^ | NorthWest Healthcare Properties REIT | 441,421 | 3,095 | ||||||
^ | Dream Industrial REIT | 416,207 | 3,044 | ||||||
^ | Summit Industrial Income REIT | 387,095 | 2,887 | ||||||
^ | CT REIT | 283,196 | 2,635 | ||||||
^ | Boardwalk REIT | 126,178 | 2,410 | ||||||
^ | Dream Office REIT | 154,387 | 2,409 | ||||||
^ | Artis REIT | 377,121 | 2,368 | ||||||
^ | Crombie REIT | 243,876 | 2,278 | ||||||
DREAM Unlimited Corp. Class A | 326,285 | 2,056 | |||||||
Minto Apartment REIT | 99,491 | 1,475 | |||||||
^ | Morguard North American Residential REIT | 106,787 | 1,135 | ||||||
True North Commercial REIT | 221,076 | 942 | |||||||
^ | Slate Retail REIT | 114,462 | 719 | ||||||
^ | Slate Office REIT | 184,638 | 516 | ||||||
117,383 | |||||||||
Chile (0.3%) | |||||||||
Parque Arauco SA | 3,965,709 | 6,655 | |||||||
* | Cencosud Shopping SA | 2,697,872 | 4,783 | ||||||
Plaza SA | 1,622,680 | 2,336 | |||||||
13,774 | |||||||||
China (14.3%) | |||||||||
China Overseas Land& Investment Ltd. | 21,195,710 | 78,296 | |||||||
China Resources Land Ltd. | 15,822,446 | 65,382 | |||||||
Sunac China Holdings Ltd. | 13,138,278 | 58,771 | |||||||
Country Garden Holdings Co. Ltd. | 42,251,163 | 54,731 | |||||||
1 | Longfor Group Holdings Ltd. | 8,155,708 | 41,464 | ||||||
^ | China Evergrande Group | 17,219,921 | 30,612 | ||||||
China Vanke Co. Ltd. Class H | 8,911,683 | 29,950 | |||||||
Shimao Property Holdings Ltd. | 5,634,664 | 22,904 | |||||||
China Jinmao Holdings Group Ltd. | 27,435,054 | 19,316 | |||||||
China Vanke Co. Ltd. Class A | 4,523,042 | 16,973 | |||||||
CIFI Holdings Group Co. Ltd. | 21,050,000 | 16,081 | |||||||
Poly Developments and Holdings Group Co. Ltd. Class A | 5,479,193 | 12,438 | |||||||
^ | Wharf Holdings Ltd. | 6,224,000 | 11,790 | ||||||
Logan Property Holdings Co. Ltd. | 7,199,984 | 11,350 | |||||||
Seazen Group Ltd. | 10,198,000 | 9,910 | |||||||
KWG Group Holdings Ltd. | 6,675,158 | 9,875 | |||||||
Guangzhou R&F Properties Co. Ltd. Class H | 7,350,613 | 9,334 | |||||||
Agile Group Holdings Ltd. | 8,239,409 | 9,267 | |||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 3,630,807 | 8,704 | |||||||
China Aoyuan Group Ltd. | 7,317,000 | 8,597 | |||||||
Greentown China Holdings Ltd. | 7,452,814 | 8,054 | |||||||
Zhenro Properties Group Ltd. | 11,911,000 | 7,640 | |||||||
Times China Holdings Ltd. | 4,185,000 | 7,020 | |||||||
Yuexiu Property Co. Ltd. | 35,225,094 | 6,697 | |||||||
Gemdale Properties& Investment Corp. Ltd. | 39,610,000 | 6,312 | |||||||
China Overseas Grand Oceans Group Ltd. | 9,306,079 | 5,828 | |||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 6,680,814 | 5,514 | |||||||
China SCE Group Holdings Ltd. | 11,844,766 | 5,194 | |||||||
SOHO China Ltd. | 10,811,545 | 5,181 | |||||||
Powerlong Real Estate Holdings Ltd. | 8,174,139 | 4,992 | |||||||
Shenzhen Investment Ltd. | 15,062,201 | 4,945 | |||||||
Seazen Holdings Co. Ltd. | 1,048,682 | 4,653 |
5
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Kaisa Group Holdings Ltd. | 12,095,000 | 4,628 | |||||||
China Fortune Land Development Co. Ltd. Class A | 1,375,125 | 4,618 | |||||||
Sino-Ocean Group Holding Ltd. | 17,708,829 | 4,612 | |||||||
Hopson Development Holdings Ltd. | 3,840,710 | 4,302 | |||||||
Yuzhou Properties Co. Ltd. | 10,057,470 | 4,285 | |||||||
Yuexiu REIT | 8,468,516 | 4,154 | |||||||
Gemdale Corp. Class A | 2,055,340 | 3,864 | |||||||
Poly Property Group Co. Ltd. | 11,013,048 | 3,855 | |||||||
1 | Midea Real Estate Holding Ltd. | 1,426,416 | 3,665 | ||||||
Ronshine China Holdings Ltd. | 3,431,000 | 3,592 | |||||||
*,^ | China Dili Group | 16,071,948 | 3,587 | ||||||
Shui On Land Ltd. | 19,886,538 | 3,523 | |||||||
*,1 | China Logistics Property Holdings Co. Ltd. | 8,965,000 | 3,369 | ||||||
Jiayuan International Group Ltd. | 6,990,000 | 2,914 | |||||||
Jinke Properties Group Co. Ltd. Class A | 2,457,605 | 2,740 | |||||||
* | Zhongliang Holdings Group Co. Ltd. | 3,457,500 | 2,522 | ||||||
China South City Holdings Ltd. | 25,856,111 | 2,482 | |||||||
1 | Red Star Macalline Group Corp. Ltd. Class H | 3,816,324 | 2,424 | ||||||
^,1 | Redco Properties Group Ltd. | 5,040,000 | 2,364 | ||||||
RiseSun Real Estate Development Co. Ltd. Class A | 2,014,975 | 2,287 | |||||||
Skyfame Realty Holdings Ltd. | 17,049,012 | 2,248 | |||||||
Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 1,746,764 | 1,981 | |||||||
Central China Real Estate Ltd. | 3,853,000 | 1,964 | |||||||
Road King Infrastructure Ltd. | 1,262,000 | 1,951 | |||||||
C&D International Investment Group Ltd. | 1,358,000 | 1,949 | |||||||
LVGEM China Real Estate Investment Co. Ltd. | 6,472,000 | 1,870 | |||||||
Yango Group Co. Ltd. Class A | 1,895,711 | 1,854 | |||||||
Xinhu Zhongbao Co. Ltd. Class A | 4,049,281 | 1,779 | |||||||
Redsun Properties Group Ltd. | 5,157,000 | 1,701 | |||||||
Beijing Capital Land Ltd. Class H | 7,564,551 | 1,696 | |||||||
^ | Dexin China Holdings Co. Ltd. | 4,197,000 | 1,692 | ||||||
Greenland Hong Kong Holdings Ltd. | 4,459,000 | 1,661 | |||||||
Joy City Property Ltd. | 20,625,500 | 1,654 | |||||||
* | Zhuguang Holdings Group Co. Ltd. | 11,082,000 | 1,598 | ||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 1,673,721 | 1,531 | |||||||
* | Shanghai Lingang Holdings Corp. Ltd. Class A | 523,766 | 1,450 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 849,790 | 1,403 | |||||||
Financial Street Holdings Co. Ltd. Class A | 1,417,060 | 1,385 | |||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 740,390 | 1,382 | |||||||
Fantasia Holdings Group Co. Ltd. | 7,048,443 | 1,360 | |||||||
* | China Enterprise Co. Ltd. Class A | 2,153,468 | 1,287 | ||||||
Greattown Holdings Ltd. Class A | 1,095,000 | 1,251 | |||||||
China Merchants Land Ltd. | 7,270,000 | 1,207 | |||||||
Sichuan Languang Development Co. Ltd. Class A | 1,442,816 | 1,176 | |||||||
*,§ | Yida China Holdings Ltd. | 4,476,000 | 1,132 | ||||||
Grandjoy Holdings Group Co. Ltd. Class A | 1,438,220 | 1,092 | |||||||
Beijing North Star Co. Ltd. Class H | 4,426,000 | 1,075 | |||||||
Beijing Capital Development Co. Ltd. Class A | 1,141,712 | 1,066 | |||||||
*,§ | Mingfa Group International Co. Ltd. | 4,231,908 | 1,032 |
6
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Shanghai Industrial Urban Development Group Ltd. | 10,126,799 | 998 | |||||||
Shanghai Shimao Co. Ltd. Class A | 1,671,368 | 978 | |||||||
Shanghai Shibei Hi-Tech Co. Ltd. Class B | 2,748,750 | 956 | |||||||
Shanghai Wanye Enterprises Co. Ltd. Class A | 359,500 | 912 | |||||||
Huafa Industrial Co. Ltd. Zhuhai Class A | 936,800 | 881 | |||||||
Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 1,375,011 | 846 | |||||||
Shanghai Lingang Holdings Corp. Ltd. Class B | 741,522 | 831 | |||||||
Jingrui Holdings Ltd. | 2,705,000 | 795 | |||||||
Red Star Macalline Group Corp. Ltd. Class A | 582,118 | 780 | |||||||
DaFa Properties Group Ltd. | 1,237,970 | 732 | |||||||
China Electronics Optics Valley Union Holding Co. Ltd. | 16,688,000 | 729 | |||||||
Guorui Properties Ltd. | 4,259,000 | 702 | |||||||
*,1 | Sunshine 100 China Holdings Ltd. | 3,864,000 | 689 | ||||||
§ | Tahoe Group Co. Ltd. Class A | 1,093,279 | 684 | ||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 316,152 | 637 | |||||||
Suning Universal Co. Ltd. Class A | 1,347,789 | 631 | |||||||
* | Gree Real Estate Co. Ltd. Class A | 895,411 | 629 | ||||||
Cinda Real Estate Co. Ltd. Class A | 1,084,783 | 601 | |||||||
Shanghai Industrial Development Co. Ltd. Class A | 816,000 | 597 | |||||||
1 | China Vast Industrial Urban Development Co. Ltd. | 1,491,000 | 585 | ||||||
China World Trade Center Co. Ltd. Class A | 277,972 | 569 | |||||||
* | Tianjin Guangyu Development Co. Ltd. Class A | 606,804 | 567 | ||||||
Xinyuan Real Estate Co. Ltd. ADR | 183,265 | 476 | |||||||
Chongqing Dima Industry Co. Ltd. Class A | 1,085,353 | 441 | |||||||
* | Myhome Real Estate Development Group Co. Ltd. Class A | 1,073,273 | 427 | ||||||
Shenzhen Zhenye Group Co. Ltd. Class A | 593,000 | 416 | |||||||
Beijing North Star Co. Ltd. Class A | 1,082,919 | 415 | |||||||
* | Everbright Jiabao Co. Ltd. Class A | 647,400 | 409 | ||||||
Bright Real Estate Group Co. Ltd. Class A | 981,800 | 407 | |||||||
Shenzhen Heungkong Holding Co. Ltd. Class A | 1,494,000 | 403 | |||||||
Guangdong Highsun Group Co. Ltd. Class A | 972,655 | 383 | |||||||
China Union Holdings Ltd. Class A | 657,444 | 367 | |||||||
*,^ | Sansheng Holdings Group Co. Ltd. | 390,000 | 365 | ||||||
Macrolink Culturaltainment Development Co. Ltd. Class A | 836,192 | 325 | |||||||
Beijing Hualian Department Store Co. Ltd. Class A | 1,210,112 | 319 | |||||||
Hubei Fuxing Science And Technology Co. Ltd. Class A | 419,532 | 316 | |||||||
YunNan Metropolitan Real Estate Development Co. Ltd. Class A | 704,700 | 283 | |||||||
Guangdong Shirongzhaoye Co. Ltd. Class A | 302,434 | 280 | |||||||
* | Nam Tai Property Inc. | 52,504 | 261 | ||||||
* | Rongan Property Co. Ltd. Class A | 686,900 | 249 | ||||||
* | Glorious Property Holdings Ltd. | 9,937,036 | 193 | ||||||
* | EverChina International Holdings Co. Ltd. | 6,249,331 | 160 | ||||||
* | DIT Group Ltd. | 1,400,000 | 19 | ||||||
* | Times Neighborhood Holdings Ltd. | 153 | — | ||||||
735,232 |
7
Global ex-U.S. Real Estate Index Fund
Market | ||||||||
Value• | ||||||||
Shares | ($000 | ) | ||||||
Egypt (0.1%) | ||||||||
Talaat Moustafa Group | 5,698,979 | 2,050 | ||||||
Six of October Development & Investment | 1,452,595 | 968 | ||||||
Medinet Nasr Housing | 4,518,790 | 880 | ||||||
* | Palm Hills Developments SAE | 7,762,587 | 634 | |||||
Heliopolis Housing | 2,050,782 | 618 | ||||||
* | Emaar Misr for Development SAE | 3,234,421 | 542 | |||||
5,692 | ||||||||
Finland (0.0%) | ||||||||
^ | Citycon Oyj | 364,083 | 2,405 | |||||
France (2.9%) | ||||||||
Unibail-Rodamco- Westfield | 783,070 | 46,367 | ||||||
Gecina SA | 311,921 | 40,928 | ||||||
Klepierre SA | 1,191,364 | 24,186 | ||||||
^ | Covivio | 252,115 | 15,833 | |||||
Icade | 159,298 | 12,237 | ||||||
Nexity SA | 260,433 | 7,988 | ||||||
Altarea SCA | 19,818 | 2,426 | ||||||
Mercialys SA | 138,142 | 1,075 | ||||||
151,040 | ||||||||
Germany (7.3%) | ||||||||
Vonovia SE | 3,084,952 | 152,548 | ||||||
Deutsche Wohnen SE | 2,046,541 | 82,943 | ||||||
LEG Immobilien AG | 390,142 | 44,791 | ||||||
Aroundtown SA | 6,293,004 | 33,849 | ||||||
TAG Immobilien AG | 830,603 | 18,193 | ||||||
alstria office REIT-AG | 897,772 | 13,457 | ||||||
Grand City Properties SA | 578,130 | 12,090 | ||||||
1,^ | ADO Properties SA | 253,972 | 7,115 | |||||
Deutsche EuroShop AG | 285,522 | 4,112 | ||||||
^ | Hamborner REIT AG | 393,271 | 3,544 | |||||
* | DIC Asset AG | 250,529 | 3,320 | |||||
375,962 | ||||||||
Greece (0.0%) | ||||||||
* | LAMDA Development SA | 353,788 | 2,325 | |||||
Hong Kong (10.8%) | ||||||||
Sun Hung Kai Properties Ltd. | 8,405,441 | 114,935 | ||||||
Link REIT | 11,924,689 | 106,300 | ||||||
CK Asset Holdings Ltd. | 14,495,875 | 91,596 | ||||||
Henderson Land Development Co. Ltd. | 9,360,936 | 38,151 | ||||||
Wheelock & Co. Ltd. | 4,426,652 | 32,443 | ||||||
Hongkong Land Holdings Ltd. | 6,640,212 | 27,777 | ||||||
^ | Wharf Real Estate Investment Co. Ltd. | 6,553,000 | 27,742 | |||||
Sino Land Co. Ltd. | 17,062,604 | 23,845 | ||||||
Hang Lung Properties Ltd. | 10,739,932 | 22,975 | ||||||
Swire Properties Ltd. | 6,002,600 | 16,836 | ||||||
Hysan Development Co. Ltd. | 3,491,655 | 11,649 | ||||||
Hang Lung Group Ltd. | 4,890,103 | 11,169 | ||||||
Kerry Properties Ltd. | 3,392,332 | 9,370 | ||||||
Champion REIT | 11,320,512 | 6,711 | ||||||
K Wah International Holdings Ltd. | 8,646,338 | 3,962 | ||||||
Sunlight REIT | 5,840,400 | 3,009 | ||||||
Prosperity REIT | 7,207,649 | 2,312 | ||||||
Far East Consortium International Ltd. | 5,832,000 | 2,069 | ||||||
^ | Wang On Properties Ltd. | 11,748,000 | 1,506 | |||||
Chinese Estates Holdings Ltd. | 2,822,452 | 1,349 | ||||||
Langham Hospitality Investments and Langham Hospitality Investments Ltd. | 4,343,000 | 750 | ||||||
556,456 | ||||||||
India (0.4%) | ||||||||
DLF Ltd. | 3,398,704 | 6,515 | ||||||
* | Godrej Properties Ltd. | 346,498 | 3,100 | |||||
Oberoi Realty Ltd. | 627,908 | 2,841 | ||||||
Phoenix Mills Ltd. | 325,422 | 2,341 | ||||||
Prestige Estates Projects Ltd. | 692,511 | 1,581 | ||||||
* | Indiabulls Real Estate Ltd. | 1,397,965 | 1,074 | |||||
Sobha Ltd. | 251,252 | 668 | ||||||
NESCO Ltd. | 92,087 | 549 | ||||||
Sunteck Realty Ltd. | 193,647 | 506 | ||||||
Omaxe Ltd. | 236,799 | 479 | ||||||
Brigade Enterprises Ltd. | 267,291 | 420 | ||||||
Mahindra Lifespace Developers Ltd. | 135,357 | 332 | ||||||
20,406 | ||||||||
Indonesia (0.3%) | ||||||||
* | Bumi Serpong Damai Tbk PT | 52,231,527 | 2,457 | |||||
Pakuwon Jati Tbk PT | 86,633,828 | 2,176 | ||||||
Ciputra Development Tbk PT | 55,198,291 | 1,990 | ||||||
* | Lippo Karawaci Tbk PT | 158,613,649 | 1,709 | |||||
*,§ | Hanson International Tbk PT | 444,252,900 | 1,493 | |||||
Summarecon Agung Tbk PT | 43,337,900 | 1,282 |
8
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Puradelta Lestari Tbk PT | 47,999,300 | 496 | |||||||
* | Alam Sutera Realty Tbk PT | 61,697,097 | 485 | ||||||
* | Sentul City Tbk PT | 113,147,100 | 379 | ||||||
* | Lippo Cikarang Tbk PT | 6,896,800 | 321 | ||||||
* | Modernland Realty Tbk PT | 47,905,900 | 253 | ||||||
* | PP Properti Tbk PT | 71,229,607 | 239 | ||||||
*,§ | Armidian Karyatama Tbk PT | 34,315,100 | 115 | ||||||
*,§ | Maha Properti Indonesia Tbk PT | 120,339 | 8 | ||||||
13,403 | |||||||||
Ireland (0.2%) | |||||||||
Hibernia REIT plc | 3,936,149 | 5,120 | |||||||
Irish Residential Properties REIT plc | 2,462,180 | 3,449 | |||||||
8,569 | |||||||||
Israel (1.0%) | |||||||||
* | Azrieli Group Ltd. | 206,932 | 12,253 | ||||||
Alony Hetz Properties & Investments Ltd. | 740,523 | 8,913 | |||||||
* | Airport City Ltd. | 411,592 | 6,245 | ||||||
Amot Investments Ltd. | 916,075 | 5,145 | |||||||
REIT 1 Ltd. | 1,016,459 | 5,060 | |||||||
Melisron Ltd. | 119,493 | 4,810 | |||||||
Gazit-Globe Ltd. | 487,760 | 3,611 | |||||||
Big Shopping Centers Ltd. | 34,901 | 2,792 | |||||||
Sella Capital Real Estate Ltd. | 1,067,706 | 2,221 | |||||||
Property & Building Corp. Ltd. | 11,736 | 866 | |||||||
51,916 | |||||||||
Italy (0.0%) | |||||||||
Immobiliare Grande Distribuzione SIIQ SPA | 291,192 | 1,153 | |||||||
Japan (22.7%) | |||||||||
Mitsubishi Estate Co. Ltd. | 7,913,645 | 128,028 | |||||||
Mitsui Fudosan Co. Ltd. | 5,570,757 | 102,429 | |||||||
Daiwa House Industry Co. Ltd. | 3,789,274 | 96,021 | |||||||
Sumitomo Realty & Development Co. Ltd. | 2,707,867 | 72,524 | |||||||
Nippon Building Fund Inc. | 8,032 | 47,897 | |||||||
Japan Real Estate Investment Corp. | 7,877 | 42,546 | |||||||
Daito Trust Construction Co. Ltd. | 429,925 | 40,880 | |||||||
Nippon Prologis REIT Inc. | 13,358 | 36,979 | |||||||
Nomura Real Estate Master Fund Inc. | 25,879 | 29,430 | |||||||
GLP J-REIT | 21,825 | 28,138 | |||||||
Hulic Co. Ltd. | 2,835,248 | 28,040 | |||||||
Daiwa House REIT Investment Corp. | 11,254 | 27,230 | |||||||
Advance Residence Investment Corp. | 7,863 | 24,126 | |||||||
Orix J-REIT Inc. | 15,668 | 18,731 | |||||||
United Urban Investment Corp. | 17,782 | 17,840 | |||||||
Tokyu Fudosan Holdings Corp. | 3,447,244 | 16,865 | |||||||
Nippon Accommodations Fund Inc. | 2,769 | 16,446 | |||||||
Japan Retail Fund Investment Corp. | 14,935 | 16,282 | |||||||
Japan Prime Realty Investment Corp. | 5,244 | 14,526 | |||||||
Industrial & Infrastructure Fund Investment Corp. | 10,202 | 14,212 | |||||||
Sekisui House REIT Inc. | 23,173 | 14,155 | |||||||
Tokyo Tatemono Co. Ltd. | 1,232,983 | 13,867 | |||||||
Japan Logistics Fund Inc. | 5,156 | 12,120 | |||||||
Kenedix Office Investment Corp. | 2,442 | 12,064 | |||||||
Mori Hills REIT Investment Corp. | 9,072 | 11,608 | |||||||
Activia Properties Inc. | 3,974 | 11,593 | |||||||
Nomura Real Estate Holdings Inc. | 690,829 | 11,233 | |||||||
LaSalle Logiport REIT | 7,723 | 10,812 | |||||||
Comforia Residential REIT Inc. | 3,314 | 9,840 | |||||||
Daiwa Office Investment Corp. | 1,726 | 9,549 | |||||||
Invincible Investment Corp. | 34,641 | 8,863 | |||||||
Mitsui Fudosan Logistics Park Inc. | 2,218 | 8,724 | |||||||
AEON REIT Investment Corp. | 8,524 | 8,478 | |||||||
Japan Hotel REIT Investment Corp. | 25,262 | 8,385 | |||||||
Kenedix Residential Next Investment Corp. | 5,170 | 8,159 | |||||||
Daiwa Securities Living Investments Corp. | 9,352 | 7,815 | |||||||
Frontier Real Estate Investment Corp. | 2,784 | 7,810 | |||||||
NIPPON REIT Investment Corp. | 2,556 | 7,613 | |||||||
Japan Excellent Inc. | 7,048 | 7,559 | |||||||
Premier Investment Corp. | 7,490 | 7,521 |
9
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Hulic REIT Inc. | 6,628 | 7,398 | |||||||
Aeon Mall Co. Ltd. | 585,283 | 7,357 | |||||||
Tokyu REIT Inc. | 5,312 | 7,037 | |||||||
MCUBS MidCity Investment Corp | 10,120 | 7,024 | |||||||
Invesco Office J-REIT Inc. | 50,701 | 6,723 | |||||||
Mori Trust Sogo REIT Inc. | 5,495 | 6,072 | |||||||
Mitsubishi Estate Logistics REIT Investment Corp. | 1,735 | 5,650 | |||||||
Ichigo Office REIT Investment Corp. | 8,762 | 5,524 | |||||||
Heiwa Real Estate Co. Ltd. | 190,132 | 5,105 | |||||||
Katitas Co. Ltd. | 281,892 | 4,920 | |||||||
Kenedix Retail REIT Corp. | 3,058 | 4,794 | |||||||
Global One Real Estate Investment Corp. | 5,460 | 4,617 | |||||||
Kenedix Inc. | 1,001,500 | 4,526 | |||||||
Heiwa Real Estate REIT Inc. | 5,024 | 4,431 | |||||||
^ | Hoshino Resorts REIT Inc. | 1,271 | 4,323 | ||||||
Hankyu Hanshin REIT Inc. | 3,975 | 4,284 | |||||||
Fukuoka REIT Corp. | 4,135 | 4,159 | |||||||
^ | Mirai Corp. | 9,533 | 3,210 | ||||||
Ichigo Inc. | 1,248,000 | 3,196 | |||||||
Keihanshin Building Co. Ltd. | 242,000 | 3,124 | |||||||
*,^ | Leopalace21 Corp. | 1,403,750 | 3,119 | ||||||
Itochu Advance Logistics Investment Corp. | 2,592 | 3,057 | |||||||
One REIT Inc. | 1,383 | 3,021 | |||||||
Daibiru Corp. | 323,957 | 2,964 | |||||||
Samty Residential Investment Corp. | 3,070 | 2,641 | |||||||
Star Asia Investment Corp. | 3,088 | 2,444 | |||||||
CRE Logistics REIT | 1,665 | 2,217 | |||||||
Starts Proceed Investment Corp. | 1,282 | 2,181 | |||||||
SAMTY Co. Ltd. | 158,400 | 2,049 | |||||||
Takara Leben Real Estate Investment Corp. | 2,455 | 1,901 | |||||||
^ | Health Care & Medical Investment Corp. | 1,741 | 1,869 | ||||||
TOC Co. Ltd. | 286,829 | 1,780 | |||||||
Sankei Real Estate Inc. | 1,998 | 1,706 | |||||||
Tosei REIT Investment Corp. | 1,890 | 1,683 | |||||||
Tosei Corp. | 164,800 | 1,599 | |||||||
Takara Leben Co. Ltd. | 457,452 | 1,498 | |||||||
Mori Trust Hotel REIT Inc. | 1,874 | 1,443 | |||||||
Goldcrest Co. Ltd. | 93,540 | 1,411 | |||||||
^ | ESCON Japan REIT Investment Corp. | 1,566 | 1,392 | ||||||
^ | Sakura Sogo REIT Investment Corp. | 1,869 | 1,283 | ||||||
Sun Frontier Fudousan Co. Ltd. | 156,300 | 1,242 | |||||||
Shinoken Group Co. Ltd. | 143,900 | 1,065 | |||||||
XYMAX REIT Investment Corp. | 1,181 | 1,002 | |||||||
^ | Star Mica Holdings Co. Ltd. | 64,600 | 881 | ||||||
Nippon Commercial Development Co. Ltd. | 62,700 | 801 | |||||||
Ichigo Hotel REIT Investment Corp. | 1,429 | 783 | |||||||
Ooedo Onsen REIT Investment Corp. | 1,331 | 730 | |||||||
Japan Property Management Center Co. Ltd. | 76,000 | 716 | |||||||
Marimo Regional Revitalization REIT Inc. | 753 | 662 | |||||||
Dear Life Co. Ltd. | 137,600 | 517 | |||||||
1,170,069 | |||||||||
Kuwait (0.0%) | |||||||||
* | National Real Estate Co. KPSC | 4,437,051 | 1,012 | ||||||
Kuwait Real Estate Co. KSC | 4,049,454 | 979 | |||||||
1,991 | |||||||||
Malaysia (0.6%) | |||||||||
KLCCP Stapled Group | 2,595,070 | 4,720 | |||||||
IGB REIT | 10,059,100 | 4,043 | |||||||
Sunway REIT | 8,786,434 | 3,201 | |||||||
IOI Properties Group Bhd. | 11,001,500 | 2,595 | |||||||
Sime Darby Property Bhd. | 16,270,800 | 2,451 | |||||||
Axis REIT | 4,707,700 | 2,134 | |||||||
Pavilion REIT | 4,807,900 | 1,810 | |||||||
SP Setia Bhd Group | 7,141,100 | 1,338 | |||||||
* | YNH Property Bhd. | 2,152,400 | 1,252 | ||||||
Matrix Concepts Holdings Bhd. | 3,150,128 | 1,228 | |||||||
UOA Development Bhd. | 3,056,300 | 1,184 | |||||||
Capitaland Malaysia Mall Trust | 5,174,000 | 989 | |||||||
Mah Sing Group Bhd. | 7,899,025 | 795 | |||||||
* | UEM Sunrise Bhd. | 6,492,365 | 642 |
10
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
* | Eco World Development Group Bhd. | 6,015,000 | 568 | ||||||
Eastern & Oriental Bhd. | 3,902,997 | 386 | |||||||
LBS Bina Group Bhd. | 4,030,440 | 336 | |||||||
Iskandar Waterfront City Bhd. | 2,687,200 | 316 | |||||||
* | Sunway Bhd. Warrants Exp. 12/31/2024 | 1,260,691 | 79 | ||||||
* | Eco World Development Group Bhd Warrants Exp. 03/26/2022 | 450,320 | 10 | ||||||
* | Matrix Concepts Holdings Bhd. Warrants Exp. 07/20/2020 | 167,103 | — | ||||||
30,077 | |||||||||
Mexico (0.7%) | |||||||||
Fibra Uno Administracion SA de CV | 16,953,685 | 13,907 | |||||||
PLA Administradora Industrial S de RL de CV | 4,679,400 | 4,852 | |||||||
Corp Inmobiliaria Vesta SAB de CV | 3,310,517 | 4,537 | |||||||
Prologis Property Mexico SA de CV | 2,535,123 | 4,133 | |||||||
Concentradora Fibra Danhos SA de CV | 5,111,692 | 3,949 | |||||||
1 | Macquarie Mexico Real Estate Management SA de CV | 4,548,280 | 3,757 | ||||||
1 | Concentradora Fibra Hotelera Mexicana SA de CV | 3,949,652 | 787 | ||||||
35,922 | |||||||||
Netherlands (0.2%) | |||||||||
^ | Nsi NV | 93,846 | 3,780 | ||||||
^ | Eurocommercial Properties NV | 235,271 | 2,621 | ||||||
Vastned Retail NV | 110,148 | 2,032 | |||||||
^ | Wereldhave NV | 224,401 | 1,976 | ||||||
10,409 | |||||||||
New Zealand (0.5%) | |||||||||
Goodman Property Trust | 6,286,501 | 8,623 | |||||||
Precinct Properties New Zealand Ltd. | 6,153,026 | 5,977 | |||||||
Kiwi Property Group Ltd. | 8,890,162 | 5,205 | |||||||
Argosy Property Ltd. | 4,757,673 | 3,071 | |||||||
Vital Healthcare Property Trust | 1,892,763 | 2,780 | |||||||
25,656 | |||||||||
Norway (0.2%) | |||||||||
1 | Entra ASA | 812,180 | 10,226 | ||||||
Selvaag Bolig ASA | 251,385 | 1,042 | |||||||
11,268 | |||||||||
Other (0.2%)2 | |||||||||
3 | Vanguard Real Estate ETF | 135,214 | 10,291 | ||||||
Philippines (1.4%) | |||||||||
SM Prime Holdings Inc. | 64,058,507 | 39,009 | |||||||
Ayala Land Inc. | 33,514,660 | 20,924 | |||||||
Megaworld Corp. | 71,944,100 | 3,631 | |||||||
Robinsons Land Corp. | 11,539,472 | 3,409 | |||||||
Vista Land & Lifescapes Inc. | 17,345,178 | 1,478 | |||||||
* | DoubleDragon Properties Corp. | 3,896,560 | 1,248 | ||||||
Filinvest Land Inc. | 53,691,000 | 1,005 | |||||||
* | DM Wenceslao and Associates Inc. | 3,902,100 | 533 | ||||||
*,§ | Altus San Nicolas Corp. | 227,449 | 23 | ||||||
71,260 | |||||||||
Poland (0.0%) | |||||||||
Develia SA | 2,608,379 | 1,249 | |||||||
Epp NV | 2,411,310 | 677 | |||||||
1,926 | |||||||||
Qatar (0.2%) | |||||||||
Barwa Real Estate Co. | 10,935,821 | 8,590 | |||||||
United Development Co. QSC | 9,949,650 | 2,883 | |||||||
* | Mazaya Qatar Real Estate Development QSC | 3,106,095 | 562 | ||||||
12,035 | |||||||||
Russia (0.1%) | |||||||||
LSR Group PJSC GDR | 1,029,892 | 1,682 | |||||||
Etalon Group plc GDR | 1,082,446 | 1,234 | |||||||
2,916 | |||||||||
Saudi Arabia (0.5%) | |||||||||
* | Dar Al Arkan Real Estate Development Co. | 3,035,051 | 6,510 | ||||||
* | Emaar Economic City | 2,422,420 | 4,709 | ||||||
* | Arabian Centres Co. Ltd. | 682,645 | 4,371 | ||||||
* | Saudi Real Estate Co. | 470,152 | 1,521 | ||||||
Al Rajhi REIT | 616,648 | 1,385 | |||||||
Jadwa REIT Saudi Fund | 496,064 | 1,340 | |||||||
Derayah REIT | 467,749 | 1,232 | |||||||
Riyad REIT Fund | 568,611 | 1,193 | |||||||
* | Alandalus Property Co. | 191,305 | �� | 815 | |||||
Musharaka Real Estate Income Fund | 247,354 | 523 | |||||||
23,599 |
11
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Singapore (6.3%) | |||||||||
Ascendas REIT | 17,043,481 | 35,643 | |||||||
* | CapitaLand Ltd. | 14,336,538 | 30,419 | ||||||
Mapletree Logistics Trust | 17,029,196 | 21,571 | |||||||
CapitaLand Mall Trust | 16,135,934 | 21,469 | |||||||
City Developments Ltd. | 3,513,990 | 19,642 | |||||||
CapitaLand Commercial Trust | 16,190,787 | 18,398 | |||||||
Mapletree Commercial Trust | 12,197,941 | 16,796 | |||||||
Mapletree Industrial Trust | 8,625,834 | 15,486 | |||||||
UOL Group Ltd. | 3,073,578 | 14,783 | |||||||
Suntec REIT | 13,218,227 | 13,056 | |||||||
Keppel DC REIT | 6,970,564 | 11,559 | |||||||
Frasers Logistics& Industrial Trust | 13,620,552 | 10,194 | |||||||
Keppel REIT | 10,934,715 | 8,167 | |||||||
Mapletree North Asia Commercial Trust | 12,171,766 | 8,084 | |||||||
Fortune REIT | 8,007,861 | 7,541 | |||||||
Ascott Residence Trust | 10,574,822 | 6,652 | |||||||
Frasers Centrepoint Trust | 4,153,533 | 6,240 | |||||||
Manulife US REIT | 8,403,610 | 6,043 | |||||||
Parkway Life REIT | 2,249,055 | 5,255 | |||||||
Ascendas India Trust | 5,043,500 | 4,508 | |||||||
CapitaLand Retail China Trust | 4,359,258 | 4,146 | |||||||
OUE Commercial REIT | 14,481,667 | 4,128 | |||||||
CDL Hospitality Trusts | 4,704,406 | 3,234 | |||||||
Esr REIT | 11,948,790 | 2,863 | |||||||
Yanlord Land Group Ltd. | 3,781,304 | 2,827 | |||||||
Starhill Global REIT | 7,785,368 | 2,744 | |||||||
Sph REIT | 4,750,500 | 2,735 | |||||||
Wing Tai Holdings Ltd. | 2,137,000 | 2,613 | |||||||
Aims Apac REIT | 2,587,876 | 2,100 | |||||||
ARA LOGOS Logistics Trust | 5,456,442 | 2,075 | |||||||
Prime US REIT | 2,529,300 | 1,868 | |||||||
First REIT | 3,116,354 | 1,758 | |||||||
Far East Hospitality Trust | 4,668,192 | 1,716 | |||||||
Sasseur REIT | 2,781,100 | 1,442 | |||||||
Frasers Hospitality Trust | 4,081,200 | 1,428 | |||||||
OUE Ltd. | 1,589,400 | 1,262 | |||||||
ARA US Hospitality Trust | 2,976,600 | 1,257 | |||||||
Soilbuild Business Space REIT | 4,539,848 | 1,214 | |||||||
Sabana Shari’ah Compliant Industrial REIT | 4,693,072 | 1,077 | |||||||
Lippo Malls Indonesia Retail Trust | 10,384,606 | 1,060 | |||||||
Chip Eng Seng Corp. Ltd. | 2,623,375 | 962 | |||||||
Oxley Holdings Ltd. | 4,059,500 | 658 | |||||||
§ | Eagle Hospitality Trust | 2,602,300 | 357 | ||||||
* | Ying Li International Real Estate Ltd. | 6,064,000 | 338 | ||||||
327,368 | |||||||||
South Africa (0.9%) | |||||||||
Growthpoint Properties Ltd. | 16,928,597 | 12,711 | |||||||
NEPI Rockcastle plc | 2,699,645 | 11,553 | |||||||
Redefine Properties Ltd. | 31,119,341 | 3,831 | |||||||
Fortress REIT Ltd. Class A | 6,767,418 | 3,708 | |||||||
Resilient REIT Ltd. | 1,608,136 | 3,114 | |||||||
Equites Property Fund Ltd. | 3,068,532 | 2,724 | |||||||
Stor-Age Property REIT Ltd. | 2,259,391 | 1,543 | |||||||
Hyprop Investments Ltd. | 1,420,606 | 1,460 | |||||||
Vukile Property Fund Ltd. | 4,940,667 | 1,447 | |||||||
Attacq Ltd. | 4,191,989 | 1,217 | |||||||
SA Corporate Real Estate Ltd. | 14,653,505 | 947 | |||||||
Emira Property Fund Ltd. | 2,373,725 | 830 | |||||||
Fortress REIT Ltd. Class B | 4,590,333 | 578 | |||||||
Arrowhead Properties Ltd. Class B | 5,336,273 | 432 | |||||||
46,095 | |||||||||
South Korea (0.1%) | |||||||||
^ | Mirae Asset Maps Asia Pacific Real Estate 1 Investment | 538,347 | 1,810 | ||||||
^ | Shinhan Alpha REIT Co. Ltd. | 188,351 | 1,018 | ||||||
SK D&D Co. Ltd. | 45,330 | 908 | |||||||
Dongwon Development Co. Ltd. | 214,562 | 628 | |||||||
^ | Shinhan Alpha REIT Co. Ltd. Rights | 17,145 | 6 | ||||||
4,370 | |||||||||
Spain (0.7%) | |||||||||
Merlin Properties Socimi SA | 2,085,636 | 19,355 | |||||||
Inmobiliaria Colonial Socimi SA | 1,382,082 | 13,350 | |||||||
*,1 | Aedas Homes SA | 134,077 | 2,051 |
12
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Lar Espana Real Estate Socimi SA | 368,654 | 1,511 | |||||||
1 | Metrovacesa SA | 254,797 | 1,404 | ||||||
*,^ | Quabit Inmobiliaria SA | 692,211 | 332 | ||||||
38,003 | |||||||||
Sweden (2.7%) | |||||||||
Castellum AB | 1,457,438 | 25,563 | |||||||
* | Fastighets AB Balder Class B | 547,274 | 21,627 | ||||||
Fabege AB | 1,561,280 | 18,495 | |||||||
Wallenstam AB | 1,188,237 | 12,323 | |||||||
*,^ | Wihlborgs Fastigheter AB | 760,246 | 10,848 | ||||||
*,^ | Samhallsbyggnadsbolaget i Norden AB Ordinary Shares | 4,699,072 | 9,100 | ||||||
Hufvudstaden AB Class A | 660,252 | 8,460 | |||||||
Kungsleden AB | 1,011,162 | 7,700 | |||||||
* | Nyfosa AB | 959,765 | 5,877 | ||||||
Klovern AB | 3,024,816 | 4,086 | |||||||
* | Catena AB | 128,291 | 4,082 | ||||||
Atrium Ljungberg AB | 280,043 | 3,881 | |||||||
Dios Fastigheter AB | 486,932 | 2,998 | |||||||
Samhallsbyggnadsbolaget i Norden AB | 638,990 | 1,729 | |||||||
Sagax AB | 512,563 | 1,510 | |||||||
138,279 | |||||||||
Switzerland (1.9%) | |||||||||
Swiss Prime Site AG | 431,873 | 41,117 | |||||||
PSP Swiss Property AG | 234,692 | 27,264 | |||||||
* | Allreal Holding AG | 80,656 | 14,981 | ||||||
* | Mobimo Holding AG | 37,555 | 10,352 | ||||||
Intershop Holding AG | 7,235 | 3,714 | |||||||
97,428 | |||||||||
Taiwan (0.8%) | |||||||||
Highwealth Construction Corp. | 5,072,544 | 7,402 | |||||||
Ruentex Development Co. Ltd. | 3,819,324 | 5,684 | |||||||
Huaku Development Co. Ltd. | 1,332,854 | 4,055 | |||||||
Chong Hong Construction Co. Ltd. | 1,248,297 | 3,437 | |||||||
Prince Housing & Development Corp. | 6,909,478 | 2,341 | |||||||
Farglory Land Development Co. Ltd. | 1,378,631 | 1,978 | |||||||
Kuoyang Construction Co. Ltd. | 2,284,887 | 1,969 | |||||||
Cathay Real Estate Development Co. Ltd. | 2,764,100 | 1,829 | |||||||
Kindom Development Co. Ltd. | 1,964,000 | 1,717 | |||||||
Hung Sheng Construction Ltd. | 2,524,400 | 1,496 | |||||||
Radium Life Tech Co. Ltd. | 3,442,125 | 1,213 | |||||||
ZongTai Real Estate Development Co. Ltd. | 921,516 | 999 | |||||||
Hong Pu Real Estate Development Co. Ltd. | 1,265,194 | 929 | |||||||
* | Taiwan Land Development Corp. | 3,870,450 | 897 | ||||||
* | King’s Town Construction Co. Ltd. | 745,000 | 846 | ||||||
Huang Hsiang Construction Corp. | 731,000 | 820 | |||||||
KEE TAI Properties Co. Ltd. | 2,305,869 | 754 | |||||||
* | Shining Building Business Co. Ltd. | 2,370,869 | 718 | ||||||
Sweeten Real Estate Development Co. Ltd. | 907,000 | 616 | |||||||
Hung Ching Development & Construction Co. Ltd. | 764,000 | 520 | |||||||
* | San Far Property Ltd. | 926,000 | 513 | ||||||
40,733 | |||||||||
Thailand (1.3%) | |||||||||
Central Pattana PCL | 8,107,000 | 12,003 | |||||||
CPN Retail Growth Leasehold REIT | 9,450,035 | 8,664 | |||||||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 9,780,130 | 5,621 | |||||||
Frasers Property Thailand Industrial Freehold & Leasehold REIT | 10,352,500 | 4,978 | |||||||
Land & Houses PCL | 20,308,600 | 4,589 | |||||||
^ | WHA Corp. PCL | 40,824,986 | 3,400 | ||||||
WHA Premium Growth Freehold & Leasehold Real Estate InvestmentTrust | 5,817,996 | 2,860 | |||||||
IMPACT Growth REIT | 4,069,100 | 2,070 | |||||||
Supalai PCL | 4,454,881 | 2,040 | |||||||
^ | Mbk Pcl | 3,785,500 | 1,846 | ||||||
Siam Future Development PCL (Foreign) | 12,341,060 | 1,787 | |||||||
Bangkok Land PCL | 45,689,995 | 1,498 | |||||||
^ | Quality Houses PCL | 20,796,500 | 1,328 | ||||||
§ | Pruksa Real Estate PCL | 3,024,500 | 1,255 | ||||||
Amata Corp. PCL (Foreign) | 2,880,400 | 1,122 |
13
Global ex-U.S. Real Estate Index Fund
Market | |||||||||
Value• | |||||||||
Shares | ($000 | ) | |||||||
Pruksa Holding PCL | 3,202,600 | 1,070 | |||||||
Origin Property PCL | 6,459,398 | 897 | |||||||
Hemaraj Leasehold REIT (Foreign) | 3,593,800 | 897 | |||||||
Asian Property Development PCL (Foreign) | 5,519,820 | 851 | |||||||
*,^ | Singha Estate PCL | 15,629,100 | 803 | ||||||
S Prime Growth Leasehold REIT (Foreign) | 2,064,700 | 770 | |||||||
* | U City PCL | 14,346,324 | 584 | ||||||
^ | Golden Land Property Development PCL (Foreign) | 2,296,500 | 563 | ||||||
Noble Development PCL (Foreign) | 1,306,900 | 551 | |||||||
Platinum Group PCL | 5,232,300 | 500 | |||||||
^ | Ananda Development PCL | 9,180,520 | 462 | ||||||
Sansiri PCL (Foreign) | 20,510,400 | 445 | |||||||
^ | Frasers Property Thailand PCL | 1,179,523 | 439 | ||||||
Univentures PCL | 3,806,500 | 382 | |||||||
SC Asset Corp. PCL (Foreign) | 6,179,537 | 380 | |||||||
LPN Development PCL | 3,389,400 | 372 | |||||||
Sansiri PCL | 13,342,700 | 290 | |||||||
^ | Property Perfect PCL | 24,779,400 | 267 | ||||||
SC Asset Corp. PCL NVDR | 4,237,400 | 261 | |||||||
Grand Canal Land PCL (Foreign) | 155,100 | 10 | |||||||
*,§ | PACE Development Corp. PCL Warrants Exp. 08/29/2022 | 11,308,800 | 5 | ||||||
* | Property Perfect PCL Rights | 3,106,237 | — | ||||||
65,860 | |||||||||
Turkey (0.0%) | |||||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 10,810,230 | 1,930 | |||||||
* | Is Gayrimenkul Yatirim Ortakligi AS | 2,836,717 | 629 | ||||||
2,559 | |||||||||
United Arab Emirates (0.7%) | |||||||||
Emaar Properties PJSC | 20,102,443 | 14,743 | |||||||
Aldar Properties PJSC | 22,062,734 | 10,770 | |||||||
Emaar Malls PJSC | 11,278,485 | 3,930 | |||||||
Emaar Development PJSC | 4,892,375 | 3,047 | |||||||
* | DAMAC Properties Dubai Co. PJSC | 9,970,986 | 1,669 | ||||||
* | Deyaar Development PJSC | 7,942,573 | 621 | ||||||
RAK Properties PJSC | 5,356,151 | 538 | |||||||
* | Eshraq Investments PJSC | 6,041,280 | 473 | ||||||
35,791 | |||||||||
United Kingdom (6.8%) | |||||||||
Segro plc | 6,236,188 | 65,365 | |||||||
Land Securities Group plc | 4,272,888 | 35,632 | |||||||
British Land Co. plc | 5,348,636 | 27,285 | |||||||
Derwent London plc | 597,381 | 23,342 | |||||||
UNITE Group plc | 2,067,982 | 22,835 | |||||||
Tritax Big Box REIT plc | 9,692,848 | 14,712 | |||||||
Primary Health Properties plc | 6,908,270 | 13,381 | |||||||
Assura plc | 13,670,150 | 13,112 | |||||||
Grainger plc | 3,844,473 | 12,917 | |||||||
Great Portland Estates plc | 1,442,629 | 12,287 | |||||||
Big Yellow Group plc | 884,424 | 11,905 | |||||||
LondonMetric Property plc | 4,770,773 | 11,656 | |||||||
Safestore Holdings plc | 1,186,384 | 10,732 | |||||||
Capital & Counties Properties plc | 4,878,966 | 10,189 | |||||||
Shaftesbury plc | 1,251,406 | 9,451 | |||||||
Workspace Group plc | 724,920 | 7,140 | |||||||
St. Modwen Properties plc | 1,115,257 | 5,168 | |||||||
Civitas Social Housing plc | 3,565,285 | 4,381 | |||||||
BMO Commercial Property Trust Ltd. | 4,562,467 | 4,374 | |||||||
UK Commercial Property REIT Ltd. | 4,828,143 | 4,112 | |||||||
LXI REIT plc | 2,994,126 | 3,987 | |||||||
^ | Hammerson plc | 4,406,326 | 3,904 | ||||||
Picton Property Income Ltd. | 3,108,708 | 2,690 | |||||||
Empiric Student Property plc | 3,405,565 | 2,669 | |||||||
Helical plc | 581,577 | 2,642 | |||||||
1 | Triple Point Social Housing Reit plc | 2,013,271 | 2,491 | ||||||
Urban & Civic plc | 831,486 | 2,382 | |||||||
1 | Regional REIT Ltd. | 2,300,749 | 2,246 | ||||||
MAS Real Estate Inc. | 2,708,694 | 1,569 | |||||||
Schroder REIT Ltd. | 3,248,910 | 1,507 | |||||||
NewRiver REIT plc | 1,713,968 | 1,441 | |||||||
Redefine International plc | 1,499,106 | 1,157 | |||||||
U & I Group plc | 702,253 | 888 | |||||||
AEW UK REIT plc | 875,718 | 692 |
14
Global ex-U.S. Real Estate Index Fund
Market | ||||||
Value• | ||||||
Shares | ($000) | |||||
* | Capital & Regional plc | 277,484 | 357 | |||
*,^ | Intu Properties plc | 5,158,517 | 352 | |||
350,950 | ||||||
United States (0.1%) | ||||||
^ | Brookfield Property REIT Inc. Class A | 338,395 | 3,315 | |||
Total Common Stocks | ||||||
(Cost $6,165,747) | 5,116,317 | |||||
Temporary Cash Investments (3.3%) | ||||||
Money Market Fund (3.2%) | ||||||
4,5 | Vanguard Market Liquidity Fund, 0.522% | 1,658,667 | 165,866 | |||
Face | ||||||
Amount | ||||||
($000 | ) | |||||
U.S. Government and Agency Obligations (0.1%) | ||||||
6 | United States Cash Management Bill, 0.116%, 9/29/20 | 350 | 350 | |||
6 | United States Cash Management Bill, 0.210%, 9/15/20 | 720 | 720 | |||
6 | United States Cash Management Bill, 0.100%–0.103%, 7/14/20 | 2,760 | 2,759 | |||
6 | United States Treasury Bill, 0.120%, 7/30/20 | 700 | 700 | |||
4,529 | ||||||
Total Temporary Cash Investments | ||||||
(Cost $170,417) | 170,395 | |||||
Total Investments (102.5%) | ||||||
(Cost $6,336,164) | 5,286,712 | |||||
Other Assets and Liabilities— | ||||||
Net (-2.5%)4,7 | (129,239 | ) | ||||
Net Assets (100%) | 5,157,473 |
Cost rounded to $000.
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $150,079,000. |
§ | Security value determined using significant unobservable inputs. |
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 April 30, 2020, the aggregate value of these securities was $84,637,000, representing 1.6% of net assets. |
2 | “Other” represents securities that are not classified by the fund’s benchmark index. |
3 | Considered an affiliated company of the fund as the issuer is another member of The Vanguard Group. |
4 | Collateral of $162,579,000 was received for securities on loan, of which $161,231,000 is held in Vanguard Market Liquidity Fund and $1,348,000 is held in cash. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Securities with a value of $3,882,000 have been segregated as initial margin for open futures contracts. |
7 | Includes cash collateral received for ETF capital activity. |
ADR—American Depositary Receipt.
GDR—Global Depositary Receipt.
NVDR—Non-Voting Depository Receipt.
REIT—Real Estate Investment Trust.
15
Global ex-U.S. Real Estate Index Fund
Derivative Financial Instruments Outstanding as of Period End | |||||||||
Futures Contracts | |||||||||
($000 | ) | ||||||||
Value and | |||||||||
Number of | Unrealized | ||||||||
Long (Short | ) | Notional | Appreciation | ||||||
Expiration | Contracts | Amount | (Depreciation | ) | |||||
Long Futures Contracts | |||||||||
MSCI Emerging Markets Index | June 2020 | 401 | 18,163 | 1,320 | |||||
Topix Index | June 2020 | 104 | 14,091 | 1,070 | |||||
E-mini S&P 500 Index | June 2020 | 72 | 10,449 | 268 | |||||
2,658 |
Forward Currency Contracts | |||||||||||||||
Contract | Unrealized | Unrealized | |||||||||||||
Settlement | Contract Amount (000 | ) | Appreciation | (Depreciation | ) | ||||||||||
Counterparty | Date | Receive | Deliver | ($000 | ) | ($000 | ) | ||||||||
Royal Bank of Canada | 7/2/20 | JPY | 1,487,247 | USD | 13,406 | 467 | — | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | GBP | 2,500 | USD | 2,934 | 215 | — | ||||||||
JPMorgan Chase Bank, N.A. | 7/2/20 | USD | 18,546 | JPY | 1,996,262 | — | (74 | ) | |||||||
682 | (74 | ) |
GBP—British pound.
JPY—Japanese yen.
USD—U.S. dollar.
At April 30, 2020, a counterparty had deposited in a segregated account cash of $520,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
16
Global ex-U.S. Real Estate Index Fund
Statement of Assets and Liabilities
As of April 30, 2020
($000s, except shares and per-share amounts) | Amount | |||
Assets | ||||
Investments in Securities, at Value | ||||
Unaffiliated Issuers (Cost $6,159,597) | 5,110,555 | |||
Affiliated Issuers (Cost $176,567) | 176,157 | |||
Total Investments in Securities | 5,286,712 | |||
Investment in Vanguard | 247 | |||
Cash | 1,348 | |||
Cash Collateral Pledged—ETF Collateral | 9,353 | |||
Foreign Currency, at Value (Cost $14,135) | 14,027 | |||
Receivables for Investment Securities Sold | 22 | |||
Receivables for Accrued Income | 24,284 | |||
Receivables for Capital Shares Issued | 157 | |||
Unrealized Appreciation—Forward Currency Contracts | 682 | |||
Total Assets | 5,336,832 | |||
Liabilities | ||||
Payables for Investment Securities Purchased | 2,698 | |||
Collateral for Securities on Loan | 162,579 | |||
Collateral for ETF Capital Activity | 9,353 | |||
Payables for Capital Shares Redeemed | 3,535 | |||
Payables to Vanguard | 592 | |||
Variation Margin Payable—Futures Contracts | 528 | |||
Unrealized Depreciation—Forward Currency Contracts | 74 | |||
Total Liabilities | 179,359 | |||
Net Assets | 5,157,473 | |||
At April 30, 2020, net assets consisted of: | ||||
Paid-in Capital | 6,740,194 | |||
Total Distributable Earnings (Loss) | (1,582,721) | |||
Net Assets | 5,157,473 | |||
ETF Shares—Net Assets | ||||
Applicable to 98,438,015 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,447,488 | |||
Net Asset Value Per Share—ETF Shares | $45.18 |
17
Global ex-U.S. Real Estate Index Fund
Statement of Assets and Liabilities (continued) | ||||
At April 30, 2020, net assets consisted of: | ||||
($000s, except shares and per-share amounts) | Amount | |||
Admiral Shares—Net Assets | ||||
Applicable to 18,547,922 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 507,862 | |||
Net Asset Value Per Share—Admiral Shares | $27.38 | |||
Institutional Shares—Net Assets | ||||
Applicable to 2,215,744 outstanding $.001 par value shares of | ||||
beneficial interest (unlimited authorization) | 202,123 | |||
Net Asset Value Per Share—Institutional Shares | $91.22 |
See accompanying Notes, which are an integral part of the Financial Statements.
18
Global ex-U.S. Real Estate Index Fund
Statement of Operations
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Investment Income | ||||
Income | ||||
Dividends—Unaffiliated Issuers1 | 89,825 | |||
Dividends—Affiliated Issuers | 111 | |||
Interest—Unaffiliated Issuers | 13 | |||
Interest—Affiliated Issuers | 33 | |||
Securities Lending—Net | 1,466 | |||
Total Income | 91,448 | |||
Expenses | ||||
The Vanguard Group—Note B | ||||
Investment Advisory Services | 460 | |||
Management and Administrative—ETF Shares | 2,140 | |||
Management and Administrative—Admiral Shares | 239 | |||
Management and Administrative—Institutional Shares | 83 | |||
Marketing and Distribution—ETF Shares | 133 | |||
Marketing and Distribution—Admiral Shares | 18 | |||
Marketing and Distribution—Institutional Shares | 5 | |||
Custodian Fees | 502 | |||
Shareholders’ Reports—ETF Shares | 128 | |||
Shareholders’ Reports—Admiral Shares | 2 | |||
Shareholders’ Reports—Institutional Shares | — | |||
Trustees’ Fees and Expenses | 2 | |||
Total Expenses | 3,712 | |||
Expenses Paid Indirectly | (41 | ) | ||
Net Expenses | 3,671 | |||
Net Investment Income | 87,777 | |||
Realized Net Gain (Loss) | ||||
Investment Securities Sold—Unaffiliated Issuers2 | 1,139 | |||
Investment Securities Sold—Affiliated Issuers | (31 | ) | ||
Futures Contracts | (8,548 | ) | ||
Forward Currency Contracts | (429 | ) | ||
Foreign Currencies | (1,689 | ) | ||
Realized Net Gain (Loss) | (9,558 | ) |
19
Global ex-U.S. Real Estate Index Fund
Statement of Operations (continued) | ||||
Six Months Ended | ||||
April 30, 2020 | ||||
($000 | ) | |||
Change in Unrealized Appreciation (Depreciation) | ||||
Investment Securities—Unaffiliated Issuers | (1,433,114 | ) | ||
Investment Securities—Affiliated Issuers | (2,363 | ) | ||
Futures Contracts | 2,236 | |||
Forward Currency Contracts | 489 | |||
Foreign Currencies | 415 | |||
Change in Unrealized Appreciation (Depreciation) | (1,432,337 | ) | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,354,118 | ) |
1 | Dividends are net of foreign withholding taxes of $10,112,000. |
2 | Includes $46,835,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
20
Global ex-U.S. Real Estate Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | |||||
April 30, | October 31, | |||||
2020 | 2019 | |||||
($000 | ) | ($000 | ) | |||
Increase (Decrease) in Net Assets | ||||||
Operations | ||||||
Net Investment Income | 87,777 | 228,005 | ||||
Realized Net Gain (Loss) | (9,558 | ) | 4,956 | |||
Change in Unrealized Appreciation (Depreciation) | (1,432,337 | ) | 890,079 | |||
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,354,118 | ) | 1,123,040 | |||
Distributions1 | ||||||
Investor Shares | — | (1,426 | ) | |||
ETF Shares | (358,889 | ) | (218,936 | ) | ||
Admiral Shares | (37,035 | ) | (19,819 | ) | ||
Institutional Shares | (14,097 | ) | (7,705 | ) | ||
Total Distributions | (410,021 | ) | (247,886 | ) | ||
Capital Share Transactions | ||||||
Investor Shares | — | (56,179 | ) | |||
ETF Shares | 40,100 | (96,341 | ) | |||
Admiral Shares | 53,940 | 70,373 | ||||
Institutional Shares | 33,202 | 90,770 | ||||
Net Increase (Decrease) from Capital Share Transactions | 127,242 | 8,623 | ||||
Total Increase (Decrease) | (1,636,897 | ) | 883,777 | |||
Net Assets | ||||||
Beginning of Period | 6,794,370 | 5,910,593 | ||||
End of Period | 5,157,473 | 6,794,370 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
21
Global ex-U.S. Real Estate Index Fund
Financial Highlights
ETF Shares
Six Months | ||||||||||||||
Ended | Year Ended October 31, | |||||||||||||
For a Share Outstanding | April 30, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||
Net Asset Value, Beginning of Period | $60.79 | $52.99 | $59.49 | $53.35 | $53.58 | $56.54 | ||||||||
Investment Operations | ||||||||||||||
Net Investment Income | .775 | 1 | 2.033 | 1 | 2.672 | 1 | 1.900 | 1 | 1.752 | 1 | 1.802 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (12.738 | ) | 7.969 | (6.240 | ) | 6.325 | (.241 | ) | (2.747 | ) | ||||
Total from Investment Operations | (11.963 | ) | 10.002 | (3.568 | ) | 8.225 | 1.511 | (.945 | ) | |||||
Distributions | ||||||||||||||
Dividends from Net Investment Income | (3.647 | ) | (2.202 | ) | (2.932 | ) | (2.085 | ) | (1.741 | ) | (2.015 | ) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||
Total Distributions | (3.647 | ) | (2.202 | ) | (2.932 | ) | (2.085 | ) | (1.741 | ) | (2.015 | ) | ||
Net Asset Value, End of Period | $45.18 | $60.79 | $52.99 | $59.49 | $53.35 | $53.58 | ||||||||
Total Return | -20.97% | 19.47% | -6.42% | 16.13% | 2.92% | -1.66% | ||||||||
Ratios/Supplemental Data | ||||||||||||||
Net Assets, End of Period (Millions) | $4,447 | $5,945 | $5,270 | $5,122 | $3,616 | $3,111 | ||||||||
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.14% | 0.15% | 0.18% | ||||||||
Ratio of Net Investment Income to Average Net Assets | 2.84% | 3.54% | 4.51% | 3.44% | 3.30% | 3.15% | ||||||||
Portfolio Turnover Rate2 | 4% | 7% | 7% | 6% | 7% | 12% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
22
Global ex-U.S. Real Estate Index Fund
Financial Highlights
Admiral Shares
Six Months | ||||||||||||||
Ended | Year Ended October 31, | |||||||||||||
For a Share Outstanding | April 30, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||
Net Asset Value, Beginning of Period | $36.84 | $32.11 | $36.05 | $32.33 | $32.47 | $34.27 | ||||||||
Investment Operations | ||||||||||||||
Net Investment Income | .472 | 1 | 1.236 | 1 | 1.620 | 1 | 1.141 | 1 | 1.058 | 1 | 1.090 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (7.722 | ) | 4.828 | (3.784 | ) | 3.844 | (.139 | ) | (1.673 | ) | ||||
Total from Investment Operations | (7.250 | ) | 6.064 | (2.164 | ) | 4.985 | .919 | (.583 | ) | |||||
Distributions | ||||||||||||||
Dividends from Net Investment Income | (2.210 | ) | (1.334 | ) | (1.776 | ) | (1.265 | ) | (1.059 | ) | (1.217 | ) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||
Total Distributions | (2.210 | ) | (1.334 | ) | (1.776 | ) | (1.265 | ) | (1.059 | ) | (1.217 | ) | ||
Net Asset Value, End of Period | $27.38 | $36.84 | $32.11 | $36.05 | $32.33 | $32.47 | ||||||||
Total Return2 | -20.97% | 19.46% | -6.43% | 16.15% | 2.91% | -1.66% | ||||||||
Ratios/Supplemental Data | ||||||||||||||
Net Assets, End of Period (Millions) | $508 | $617 | $475 | $453 | $373 | $349 | ||||||||
Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.14% | 0.15% | 0.18% | ||||||||
Ratio of Net Investment Income to Average Net Assets | 2.86% | 3.55% | 4.51% | 3.44% | 3.30% | 3.15% | ||||||||
Portfolio Turnover Rate3 | 4% | 7% | 7% | 6% | 7% | 12% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
23
Global ex-U.S. Real Estate Index Fund
Financial Highlights
Institutional Shares
Six Months | ||||||||||||||
Ended | Year Ended October 31, | |||||||||||||
For a Share Outstanding | April 30, | |||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||
Net Asset Value, Beginning of Period | $122.73 | $106.98 | $120.11 | $107.71 | $108.17 | $114.14 | ||||||||
Investment Operations | ||||||||||||||
Net Investment Income | 1.574 | 1 | 4.143 | 1 | 5.543 | 1 | 3.889 | 1 | 3.559 | 1 | 3.657 | |||
Net Realized and Unrealized Gain (Loss) on Investments | (25.718 | ) | 16.064 | (12.740 | ) | 12.741 | (.483 | ) | (5.541 | ) | ||||
Total from Investment Operations | (24.144 | ) | 20.207 | (7.197 | ) | 16.630 | 3.076 | (1.884 | ) | |||||
Distributions | ||||||||||||||
Dividends from Net Investment Income | (7.366 | ) | (4.457 | ) | (5.933 | ) | (4.230 | ) | (3.536 | ) | (4.086 | ) | ||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||
Total Distributions | (7.366 | ) | (4.457 | ) | (5.933 | ) | (4.230 | ) | (3.536 | ) | (4.086 | ) | ||
Net Asset Value, End of Period | $91.22 | $122.73 | $106.98 | $120.11 | $107.71 | $108.17 | ||||||||
Total Return2 | -20.96% | 19.46% | -6.42% | 16.17% | 2.93% | -1.61% | ||||||||
Ratios/Supplemental Data | ||||||||||||||
Net Assets, End of Period (Millions) | $202 | $232 | $115 | $156 | $165 | $167 | ||||||||
Ratio of Total Expenses to Average Net Assets | 0.11% | 0.11% | 0.11% | 0.12% | 0.13% | 0.16% | ||||||||
Ratio of Net Investment Income to Average Net Assets | 2.87% | 3.57% | 4.52% | 3.46% | 3.32% | 3.17% | ||||||||
Portfolio Turnover Rate3 | 4% | 7% | 7% | 6% | 7% | 12% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
24
Global ex-U.S. Real Estate Index Fund
Notes to Financial Statements
Vanguard Global ex-U.S. Real Estate Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on Nasdaq; they can be purchased and sold through a broker.
Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
3. 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.
25
Global ex-U.S. Real Estate Index Fund
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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to provide the appropriate currency exposure related to any open futures contracts. The fund’s risks in using these 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 assets 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. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
26
Global ex-U.S. Real Estate Index Fund
During the six months ended April 30, 2020, the fund’s average investment in forward currency contracts represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Collateral for ETF Capital Activity: When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the fund ETF Shares (in the case of a redemption), or is required by the fund, prior to settlement, to accommodate the trading of foreign securities in local markets (in the case of redemption for an international equity ETF), the fund may require the authorized participant to deliver and maintain cash collateral in accordance with the authorized participant agreement. The fund may invest the collateral in short-term debt instruments or U.S. Treasury securities, or maintain the balance as cash. Daily market fluctuations could cause the value of the missing securities or fund ETF Shares to be more or less than the value of the collateral received; when this occurs the collateral is adjusted. The fund earns interest income from investments and/or custody fee offsets from the cash balance. The fund records an asset (cash or investment, as applicable) and a corresponding liability for the return of the collateral in the Statement of Assets and Liabilities. Interest income and custody fee offsets earned on the investment of collateral are included in the Statement of Operations.
27
Global ex-U.S. Real Estate Index Fund
9. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
10. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold. Fees assessed on capital share transactions are credited to paid-in capital.
Withholding taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
28
Global ex-U.S. Real Estate Index Fund
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $247,000, representing less than 0.01% of the fund’s net assets and 0.10% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended April 30, 2020, custodian fee offset arrangements reduced the fund’s expenses by $41,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
29
Global ex-U.S. Real Estate Index Fund
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | |||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | 207,584 | 4,902,629 | 6,104 | 5,116,317 | ||||||||||||
Temporary Cash Investments | 165,866 | 4,529 | — | 170,395 | ||||||||||||
Total | 373,450 | 4,907,158 | 6,104 | 5,286,712 | ||||||||||||
Derivative Financial Instruments | ||||||||||||||||
Assets | ||||||||||||||||
Forward Currency Contracts | — | 682 | — | 682 | ||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts1 | �� | 528 | — | — | 528 | |||||||||||
Forward Currency Contracts | — | 74 | — | 74 | ||||||||||||
Total | 528 | 74 | — | 602 |
1 Represents variation margin on the last day of the reporting period.
E. At April 30, 2020, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Statement of Assets and Liabilities Caption | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Unrealized Appreciation—Forward Currency Contracts | — | 682 | 682 | |||||||||
Total Assets | — | 682 | 682 | |||||||||
Variation Margin Payable—Futures Contracts | 528 | — | 528 | |||||||||
Unrealized Depreciation—Forward Currency Contracts | — | 74 | 74 | |||||||||
Total Liabilities | 528 | 74 | 602 |
30
Global ex-U.S. Real Estate Index Fund
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the six months ended April 30, 2020, were:
Foreign | ||||||||||||
Equity | Exchange | |||||||||||
Contracts | Contracts | Total | ||||||||||
Realized Net Gain (Loss) on Derivatives | ($000 | ) | ($000 | ) | ($000 | ) | ||||||
Futures Contracts | (8,548 | ) | — | (8,548 | ) | |||||||
Forward Currency Contracts | — | (429 | ) | (429 | ) | |||||||
Realized Net Gain (Loss) on Derivatives | (8,548 | ) | (429 | ) | (8,977 | ) | ||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | ||||||||||||
Futures Contracts | 2,236 | — | 2,236 | |||||||||
Forward Currency Contracts | — | 489 | 489 | |||||||||
Change in Unrealized Appreciation (Depreciation) on Derivatives | 2,236 | 489 | 2,725 |
F. As of April 30, 2020, gross unrealized appreciation and depreciation for investments derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | ||||
($000 | ) | |||
Tax Cost | 6,669,315 | |||
Gross Unrealized Appreciation | 203,039 | |||
Gross Unrealized Depreciation | (1,582,376 | ) | ||
Net Unrealized Appreciation (Depreciation) | (1,379,337 | ) |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $244,734,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G. During the six months ended April 30, 2020, the fund purchased $479,098,000 of investment securities and sold $706,662,000 of investment securities, other than temporary cash investments. Purchases and sales include $263,408,000 and $229,771,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
31
Global ex-U.S. Real Estate Index Fund
H. Capital share transactions for each class of shares were:
Six Months Ended | Year Ended | |||||||||||||||
April 30, 2020 | October 31, 2019 | |||||||||||||||
Amount | Shares | Amount | Shares | |||||||||||||
($000 | ) | (000 | ) | ($000 | ) | (000 | ) | |||||||||
Investor Shares | ||||||||||||||||
Issued1 | — | — | 6,420 | 274 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | 1,213 | 58 | ||||||||||||
Redeemed2,3 | — | — | (63,812 | ) | (2,743 | ) | ||||||||||
Net Increase (Decrease)—Investor Shares | — | — | (56,179 | ) | (2,411 | ) | ||||||||||
ETF Shares | ||||||||||||||||
Issued1 | 286,669 | 5,443 | 482,975 | 8,342 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | — | — | ||||||||||||
Redeemed2 | (246,569 | ) | (4,800 | ) | (579,316 | ) | (10,000 | ) | ||||||||
Net Increase (Decrease)—ETF Shares | 40,100 | 643 | (96,341 | ) | (1,658 | ) | ||||||||||
Admiral Shares | ||||||||||||||||
Issued1,3 | 86,876 | 3,042 | 145,581 | 4,167 | ||||||||||||
Issued in Lieu of Cash Distributions | 28,790 | 825 | 16,080 | 490 | ||||||||||||
Redeemed2 | (61,726 | ) | (2,080 | ) | (91,288 | ) | (2,674 | ) | ||||||||
Net Increase (Decrease)—Admiral Shares | 53,940 | 1,787 | 70,373 | 1,983 | ||||||||||||
Institutional Shares | ||||||||||||||||
Issued1 | 27,572 | 274 | 95,873 | 861 | ||||||||||||
Issued in Lieu of Cash Distributions | 5,630 | 48 | 3,296 | 30 | ||||||||||||
Redeemed2 | — | — | (8,399 | ) | (73 | ) | ||||||||||
Net Increase (Decrease)—Institutional Shares | 33,202 | 322 | 90,770 | 818 |
1 | Includes purchase fees for fiscal 2020 and 2019 of $284,000 and $462,000, respectively (fund totals). |
2 | Net of redemption fees for fiscal 2020 and 2019 of $139,000 and $230,000, respectively (fund totals). |
3 | In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019. Investor Shares—Redeemed and Admiral Shares—Issued include 2,294,000 and 1,514,000 shares, respectively, in the amount of $53,445,000 from the conversion during the year ended October 31, 2019. |
At April 30, 2020, one shareholder was the record or beneficial owner of 26% of the fund’s net assets. If this shareholder were to redeem its investment in the fund, the redemption might result in an increase in the fund’s expense ratio, cause the fund to incur higher transaction costs, or lead to the realization of taxable capital gains.
32
Global ex-U.S. Real Estate Index Fund
I. Transactions during the period in investments where the issuer is another member of The Vanguard Group were as follows:
Current Period Transactions | ||||||||||||||||||||||||||||||||
Oct. 31, | Proceeds | Realized | April 30, | |||||||||||||||||||||||||||||
2019 | from | Net | Change in | Capital Gain | 2020 | |||||||||||||||||||||||||||
Market | Purchases | Securities | Gain | Unrealized | Distributions | Market | ||||||||||||||||||||||||||
Value | at Cost | Sold1 | (Loss | ) | App. (Dep. | ) | Income | Received | Value | |||||||||||||||||||||||
($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | |||||||||||||||||
Vanguard Market | ||||||||||||||||||||||||||||||||
Liquidity Fund | 98,940 | NA2 | NA2 | (42 | ) | (35 | ) | 33 | — | 165,866 | ||||||||||||||||||||||
Vanguard Real | ||||||||||||||||||||||||||||||||
Estate ETF | 11,053 | 1,662 | — | 11 | (2,328 | ) | 111 | — | 10,291 | |||||||||||||||||||||||
Total | 109,993 | (31 | ) | (2,363 | ) | 144 | — | 176,157 |
1 | Does not include adjustments to related return of capital. |
2 | Not applicable—purchases and sales are for temporary cash investment purposes. |
J. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
33
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Global ex-U.S. Real Estate Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Equity Index Group. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the investment management services provided to the fund since its inception in 2010, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Equity Index Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the fund’s performance since its inception, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses were also well below the peer-group average.
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
34
The benefit of economies of scale
The board concluded that the fund’s arrangement with Vanguard ensures that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangement again after a one-year period.
35
Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard International Equity Index Funds approved the appointment of liquidity risk management program administrators responsible for administering Vanguard Global ex-U.S. Real Estate Index Fund’s Program and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the fund’s liquidity risk.
36
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Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
© 2020 The Vanguard Group, Inc. | |
All rights reserved. | |
U.S. Patent Nos. 6,879,964; 7,337,138; | |
7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636. | |
Vanguard Marketing Corporation, Distributor. | |
Q7382 062020 |
Semiannual Report | April 30, 2020 |
Vanguard Emerging Markets Stock Index Fund |
See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 30 |
Liquidity Risk Management | 32 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
· Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”
· Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1
Six Months Ended April 30, 2020
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
Emerging Markets Stock Index Fund | 10/31/2019 | 4/30/2020 | Period |
Based on Actual Fund Return | |||
Investor Shares | $1,000.00 | $882.91 | $1.36 |
FTSE Emerging Markets ETF Shares | 1,000.00 | 883.62 | 0.47 |
Admiral™ Shares | 1,000.00 | 883.55 | 0.66 |
Institutional Shares | 1,000.00 | 883.47 | 0.47 |
Institutional Plus Shares | 1,000.00 | 883.70 | 0.37 |
Based on Hypothetical 5% Yearly Return | |||
Investor Shares | $1,000.00 | $1,023.49 | $1.46 |
FTSE Emerging Markets ETF Shares | 1,000.00 | 1,024.43 | 0.50 |
Admiral Shares | 1,000.00 | 1,024.24 | 0.70 |
Institutional Shares | 1,000.00 | 1,024.43 | 0.50 |
Institutional Plus Shares | 1,000.00 | 1,024.53 | 0.40 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.29% for Investor Shares, 0.10% for FTSE Emerging Markets ETF Shares, 0.14% for Admiral Shares, 0.10% for Institutional Shares, and 0.08% for Institutional Plus Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/366).
2
Emerging Markets Stock Index Fund
Fund Allocation
As of April 30, 2020
Basic Materials | 6.2% | ||
Consumer Goods | 8.3 | ||
Consumer Services | 14.4 | ||
Financials | 25.3 | ||
Health Care | 3.7 | ||
Industrials | 9.1 | ||
Oil & Gas | 6.5 | ||
Technology | 19.7 | ||
Telecommunications | 3.9 | ||
Utilities | 2.9 |
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking their target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
3
Emerging Markets Stock Index Fund
Financial Statements (unaudited)
Schedule of Investments—Investments Summary
As of April 30, 2020
This Statement summarizes the fund’s holdings by asset type. Details are reported for each of the fund’s 50 largest individual holdings and for investments that, in total for any issuer, represent more than 1% of the fund’s net assets. The total value of smaller holdings is reported as a single amount within each category.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) four times in each fiscal year. For the second and fourth quarters the complete list of the fund’s holdings is available on vanguard.com and on Form N-CSR, or you can have it mailed to you without charge by calling 800-662-7447. For the first and third quarters of each fiscal year, the complete list of the fund’s holdings is available as an exhibit to its reports on Form N-PORT. The fund’s Form N-CSR and Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
Common Stocks | |||||||||||||
Brazil | |||||||||||||
Vale SA | 36,115,966 | 297,939 | 0.4% | ||||||||||
Petroleo Brasileiro SA | 62,032,675 | 212,749 | 0.3% | ||||||||||
B3 SA - Brasil Bolsa Balcao | 28,050,256 | 198,181 | 0.3% | ||||||||||
Itau Unibanco Holding SA Preference Shares | 42,431,519 | 177,673 | 0.2% | ||||||||||
CPFL Energia SA | 2,585,757 | 13,809 | 0.0% | ||||||||||
1 | Brazil—Other † | 3,146,133 | 4.3% | ||||||||||
4,046,484 | 5.5% | ||||||||||||
Chile † | 564,703 | 0.8% | |||||||||||
China | |||||||||||||
* | Alibaba Group Holding Ltd. ADR | 24,920,955 | 5,050,730 | 6.9% | |||||||||
Tencent Holdings Ltd. | 80,960,882 | 4,256,068 | 5.8% | ||||||||||
China Construction Bank Corp. Class H | 1,294,516,103 | 1,039,061 | 1.4% | ||||||||||
Ping An Insurance Group Co. of China Ltd. | 76,171,813 | 775,144 | 1.1% | ||||||||||
Industrial & Commercial Bank of China Ltd. Class H | 1,122,774,614 | 752,831 | 1.0% | ||||||||||
* | Meituan Dianping Class B | 48,597,169 | 650,672 | 0.9% | |||||||||
China Mobile Ltd. | 74,446,049 | 598,476 | 0.8% | ||||||||||
* | JD.com Inc. ADR | 11,267,544 | 485,631 | 0.7% | |||||||||
Bank of China Ltd. Class H | 1,106,611,735 | 421,291 | 0.6% | ||||||||||
* | Baidu Inc. ADR | 3,898,770 | 393,503 | 0.5% | |||||||||
NetEase Inc. ADR | 1,006,675 | 347,263 | 0.5% | ||||||||||
China Merchants Bank Co. Ltd. Class H | 62,960,295 | 297,948 | 0.4% | ||||||||||
* | TAL Education Group ADR | 4,828,679 | 261,666 | 0.4% | |||||||||
* | New Oriental Education & Technology Group Inc. ADR | 1,946,103 | 248,440 | 0.4% | |||||||||
CNOOC Ltd. | 223,961,883 | 247,617 | 0.4% | ||||||||||
China Life Insurance Co. Ltd. Class H | 106,687,734 | 227,533 | 0.3% | ||||||||||
Agricultural Bank of China Ltd. Class H | 484,047,343 | 201,355 | 0.3% | ||||||||||
China Overseas Land & Investment Ltd. | 53,951,341 | 199,293 | 0.3% | ||||||||||
*,1 | Xiaomi Corp. Class B | 149,203,120 | 195,694 | 0.3% |
4
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
China Petroleum & Chemical Corp. Class H | 372,648,822 | 185,733 | 0.3% | ||||||||||
*,1 | Wuxi Biologics Cayman Inc. | 11,266,522 | 175,379 | 0.3% | |||||||||
China Resources Land Ltd. | 38,851,325 | 160,542 | 0.2% | ||||||||||
* | Alibaba Health Information Technology Ltd. | 54,509,112 | 130,386 | 0.2% | |||||||||
Ping An Insurance Group Co. of China Ltd. Class A | 10,672,707 | 111,202 | 0.2% | ||||||||||
China Resources Beer Holdings Co. Ltd. | 22,385,124 | 105,430 | 0.2% | ||||||||||
PetroChina Co. Ltd. Class H | 275,977,227 | 99,129 | 0.2% | ||||||||||
China Shenhua Energy Co. Ltd. Class H | 53,218,360 | 94,281 | 0.1% | ||||||||||
PICC Property & Casualty Co. Ltd. Class H | 94,912,207 | 90,826 | 0.1% | ||||||||||
1 | Postal Savings Bank of China Co. Ltd. Class H | 131,935,010 | 78,838 | 0.1% | |||||||||
CITIC Ltd. | 69,222,026 | 71,894 | 0.1% | ||||||||||
China Telecom Corp. Ltd. Class H | 195,201,743 | 67,423 | 0.1% | ||||||||||
Autohome Inc. ADR | 784,781 | 64,470 | 0.1% | ||||||||||
China Resources Gas Group Ltd. | 11,180,405 | 62,838 | 0.1% | ||||||||||
China CITIC Bank Corp. Ltd. Class H | 121,073,476 | 59,149 | 0.1% | ||||||||||
Sinopharm Group Co. Ltd. Class H | 18,033,625 | 48,625 | 0.1% | ||||||||||
China Communications Construction Co. Ltd. Class H | 68,342,670 | 45,936 | 0.1% | ||||||||||
China Resources Cement Holdings Ltd. | 30,965,076 | 42,134 | 0.1% | ||||||||||
*,1 | CGN Power Co. Ltd. Class H | 158,266,514 | 39,812 | 0.1% | |||||||||
1 | People’s Insurance Co. Group of China Ltd. Class H | 115,416,422 | 37,774 | 0.1% | |||||||||
Industrial & Commercial Bank of China Ltd. Class A (XSSC) | 51,061,779 | 37,268 | 0.1% | ||||||||||
CRRC Corp. Ltd. Class H | 70,124,812 | 37,121 | 0.1% | ||||||||||
China Railway Construction Corp. Ltd. Class H | 33,043,689 | 36,282 | 0.1% | ||||||||||
China Taiping Insurance Holdings Co. Ltd. | 20,205,200 | 34,066 | 0.1% | ||||||||||
China Resources Power Holdings Co. Ltd. | 27,103,149 | 32,102 | 0.1% | ||||||||||
Kunlun Energy Co. Ltd. | 42,201,541 | 27,494 | 0.1% | ||||||||||
1 | China Galaxy Securities Co. Ltd. Class H | 54,130,375 | 27,488 | 0.1% | |||||||||
Dongfeng Motor Group Co. Ltd. Class H | 40,646,430 | 26,959 | 0.1% | ||||||||||
China Railway Group Ltd. Class H | 41,144,604 | 24,601 | 0.0% | ||||||||||
* | Alibaba Pictures Group Ltd. | 182,199,250 | 24,403 | 0.0% | |||||||||
China Cinda Asset Management Co. Ltd. Class H | 125,661,276 | 24,355 | 0.0% | ||||||||||
China Longyuan Power Group Corp. Ltd. Class H | 47,947,493 | 23,966 | 0.0% | ||||||||||
^,1 | China International Capital Corp. Ltd. Class H | 15,220,740 | 23,375 | 0.0% | |||||||||
China Construction Bank Corp. Class A (XSSC) | 25,753,909 | 23,374 | 0.0% | ||||||||||
Agricultural Bank of China Ltd. Class A (XSHG) | 47,553,500 | 23,246 | 0.0% | ||||||||||
China Merchants Port Holdings Co. Ltd. | 17,472,671 | 22,488 | 0.0% | ||||||||||
China Yangtze Power Co. Ltd. Class A (XSHG) | 8,999,991 | 22,169 | 0.0% | ||||||||||
Ping An Bank Co. Ltd. Class A (XSHE) | 11,357,604 | 22,160 | 0.0% | ||||||||||
China Overseas Property Holdings Ltd. | 19,086,311 | 21,101 | 0.0% | ||||||||||
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 6,864,079 | 20,998 | 0.0% | ||||||||||
China Oilfield Services Ltd. Class H | 26,326,348 | 20,506 | 0.0% | ||||||||||
China State Construction Engineering Corp. Ltd. Class A (XSSC) | 27,324,970 | 20,084 | 0.0% | ||||||||||
China State Construction International Holdings Ltd. | 25,883,728 | 20,068 | 0.0% | ||||||||||
Bank of China Ltd. Class A (XSSC) | 40,661,200 | 19,986 | 0.0% | ||||||||||
Air China Ltd. Class H | 27,548,808 | 19,643 | 0.0% | ||||||||||
Agricultural Bank of China Ltd. Class A (XSSC) | 38,892,295 | 19,012 | 0.0% | ||||||||||
* | Tencent Music Entertainment Group ADR | 1,592,504 | 18,170 | 0.0% | |||||||||
1 | China Huarong Asset Management Co. Ltd. Class H | 155,902,113 | 17,376 | 0.0% | |||||||||
China International Travel Service Corp. Ltd. Class A (XSHG) | 1,316,282 | 16,873 | 0.0% | ||||||||||
Beijing Capital International Airport Co. Ltd. Class H | 24,780,447 | 16,603 | 0.0% | ||||||||||
1 | China Resources Pharmaceutical Group Ltd. | 23,401,626 | 14,697 | 0.0% | |||||||||
^ | China Southern Airlines Co. Ltd. Class H | 29,363,638 | 14,683 | 0.0% | |||||||||
China Life Insurance Co. Ltd. Class A | 3,668,840 | 14,672 | 0.0% |
5
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
AviChina Industry & Technology Co. Ltd. Class H | 34,955,476 | 13,796 | 0.0% | ||||||||||
*,1 | China Literature Ltd. | 3,059,364 | 13,657 | 0.0% | |||||||||
Sinopec Shanghai Petrochemical Co. Ltd. Class H | 48,166,131 | 13,077 | 0.0% | ||||||||||
China Power International Development Ltd. | 61,168,063 | 12,458 | 0.0% | ||||||||||
China CITIC Bank Corp. Ltd. Class A (XSSC) | 16,650,032 | 12,207 | 0.0% | ||||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A (XSHE) | 5,050,130 | 12,106 | 0.0% | ||||||||||
*,^ | HUYA Inc. ADR | 734,779 | 11,925 | 0.0% | |||||||||
China Petroleum & Chemical Corp. Class A | 18,412,819 | 11,594 | 0.0% | ||||||||||
*,^ | China Eastern Airlines Corp. Ltd. Class H | 27,358,558 | 11,119 | 0.0% | |||||||||
*,1 | China Railway Signal & Communication Corp. Ltd. Class H | 22,092,798 | 10,919 | 0.0% | |||||||||
Ping An Bank Co. Ltd. Class A (XSEC) | 5,444,900 | 10,624 | 0.0% | ||||||||||
China Reinsurance Group Corp. Class H | 90,606,940 | 10,617 | 0.0% | ||||||||||
1 | Sinopec Engineering Group Co. Ltd. Class H | 20,559,564 | 9,857 | 0.0% | |||||||||
CRRC Corp. Ltd. Class A (XSSC) | 10,483,035 | 9,121 | 0.0% | ||||||||||
China Coal Energy Co. Ltd. Class H | 33,456,653 | 8,951 | 0.0% | ||||||||||
Shenwan Hongyuan Group Co. Ltd. Class A (XSHE) | 14,548,981 | 8,929 | 0.0% | ||||||||||
China Yangtze Power Co. Ltd. Class A (XSSC) | 3,568,328 | 8,790 | 0.0% | ||||||||||
Citic Pacific Special Steel Group Co. Ltd. Class A (XSHE) | 3,871,454 | 8,752 | 0.0% | ||||||||||
Daqin Railway Co. Ltd. Class A (XSSC) | 8,141,660 | 8,260 | 0.0% | ||||||||||
^ | Metallurgical Corp. of China Ltd. Class H | 46,857,885 | 8,133 | 0.0% | |||||||||
^ | Sinotrans Ltd. Class H | 32,933,836 | 7,989 | 0.0% | |||||||||
China Railway Construction Corp. Ltd. Class A (XSSC) | 5,260,177 | 7,206 | 0.0% | ||||||||||
PetroChina Co. Ltd. Class A | 10,277,690 | 6,444 | 0.0% | ||||||||||
China State Construction Engineering Corp. Ltd. Class A (XSHG) | 8,653,960 | 6,361 | 0.0% | ||||||||||
Maanshan Iron & Steel Co. Ltd. Class A (XSSC) | 16,815,592 | 6,215 | 0.0% | ||||||||||
Huadian Fuxin Energy Corp. Ltd. Class H | 34,232,912 | 6,085 | 0.0% | ||||||||||
Shenwan Hongyuan Group Co. Ltd. Class A (XSEC) | 9,800,674 | 6,015 | 0.0% | ||||||||||
China Shenhua Energy Co. Ltd. Class A (XSSC) | 2,648,248 | 5,950 | 0.0% | ||||||||||
^ | Angang Steel Co. Ltd. Class H | 21,294,652 | 5,741 | 0.0% | |||||||||
China International Travel Service Corp. Ltd. Class A (XSSC) | 411,498 | 5,275 | 0.0% | ||||||||||
* | Alibaba Group Holding Ltd. | 206,200 | 5,233 | 0.0% | |||||||||
China National Nuclear Power Co. Ltd. Class A (XSHG) | 8,479,747 | 5,183 | 0.0% | ||||||||||
China Merchants Energy Shipping Co. Ltd. Class A (XSHG) | 5,071,669 | 4,839 | 0.0% | ||||||||||
Sinopec Kantons Holdings Ltd. | 10,312,976 | 4,558 | 0.0% | ||||||||||
China National Accord Medicines Corp. Ltd. Class B | 1,480,387 | 4,024 | 0.0% | ||||||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 974,679 | 3,974 | 0.0% | ||||||||||
China BlueChemical Ltd. Class H | 25,488,568 | 3,804 | 0.0% | ||||||||||
Daqin Railway Co. Ltd. Class A (XSHG) | 3,643,120 | 3,696 | 0.0% | ||||||||||
China Foods Ltd. | 10,837,153 | 3,571 | 0.0% | ||||||||||
China Railway Group Ltd. Class A (XSSC) | 4,332,414 | 3,567 | 0.0% | ||||||||||
China Great Wall Securities Co. Ltd. Class A | 2,125,000 | 3,529 | 0.0% | ||||||||||
CRRC Corp. Ltd. Class A (XSHG) | 3,879,500 | 3,375 | 0.0% | ||||||||||
* | Shennan Circuits Co. Ltd. Class A | 101,298 | 3,262 | 0.0% | |||||||||
China Spacesat Co. Ltd. Class A (XSSC) | 692,397 | 3,194 | 0.0% | ||||||||||
Power Construction Corp. of China Ltd. Class A (XSSC) | 6,352,008 | 3,192 | 0.0% | ||||||||||
China CSSC Holdings Ltd. Class A | 1,204,700 | 3,170 | 0.0% | ||||||||||
Heilongjiang Agriculture Co. Ltd. Class A | 1,312,371 | 3,153 | 0.0% | ||||||||||
Air China Ltd. Class A (XSHG) | 3,077,214 | 3,123 | 0.0% | ||||||||||
China XD Electric Co. Ltd. Class A (XSSC) | 3,641,107 | 3,032 | 0.0% | ||||||||||
Dongxing Securities Co. Ltd. Class A (XSHG) | 1,987,701 | 2,981 | 0.0% | ||||||||||
Unisplendour Corp. Ltd. Class A (XSHE) | 495,212 | 2,900 | 0.0% |
6
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
* | Harbin Electric Co. Ltd. Class H | 10,267,875 | 2,842 | 0.0% | |||||||||
China Railway Group Ltd. Class A (XSHG) | 3,248,829 | 2,675 | 0.0% | ||||||||||
Zhongjin Gold Corp. Ltd. Class A (XSSC) | 2,260,033 | 2,674 | 0.0% | ||||||||||
China Machinery Engineering Corp. Class H | 9,655,261 | 2,649 | 0.0% | ||||||||||
*,^ | CSSC Offshore and Marine Engineering Group Co. Ltd. Class H | 4,146,581 | 2,616 | 0.0% | |||||||||
* | China Satellite Communications Co. Ltd. Class A (XSHG) | 1,064,700 | 2,552 | 0.0% | |||||||||
* | Sinopec Oilfield Service Corp. Class A | 9,301,900 | 2,462 | 0.0% | |||||||||
Unisplendour Corp. Ltd. Class A (XSEC) | 414,876 | 2,429 | 0.0% | ||||||||||
* | China First Heavy Industries Class A | 6,098,075 | 2,412 | 0.0% | |||||||||
Grandjoy Holdings Group Co. Ltd. Class A | 3,113,300 | 2,365 | 0.0% | ||||||||||
Sinopec Shanghai Petrochemical Co. Ltd. Class A | 3,861,940 | 2,178 | 0.0% | ||||||||||
China National Chemical Engineering Co. Ltd. Class A (XSHG) | 2,490,177 | 2,155 | 0.0% | ||||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A (XSEC) | 894,260 | 2,144 | 0.0% | ||||||||||
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSSC) | 5,879,228 | 2,094 | 0.0% | ||||||||||
* | China Eastern Airlines Corp. Ltd. Class A (XSSC) | 3,370,426 | 2,070 | 0.0% | |||||||||
Bluestar Adisseo Co. Class A | 1,218,341 | 2,046 | 0.0% | ||||||||||
AVICOPTER plc Class A (XSSC) | 314,102 | 1,961 | 0.0% | ||||||||||
China National Medicines Corp. Ltd. Class A (XSSC) | 404,852 | 1,777 | 0.0% | ||||||||||
Offshore Oil Engineering Co. Ltd. Class A (XSSC) | 2,544,070 | 1,774 | 0.0% | ||||||||||
Metallurgical Corp. of China Ltd. Class A (XSSC) | 4,899,233 | 1,769 | 0.0% | ||||||||||
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 1,734,930 | 1,764 | 0.0% | ||||||||||
Sinofert Holdings Ltd. | 18,932,032 | 1,748 | 0.0% | ||||||||||
China Southern Airlines Co. Ltd. Class A (XSHG) | 2,288,500 | 1,732 | 0.0% | ||||||||||
* | COFCO Capital Holdings Co. Ltd. Class A | 1,446,657 | 1,725 | 0.0% | |||||||||
China Nuclear Engineering & Construction Corp. Ltd. Class A | 1,920,882 | 1,686 | 0.0% | ||||||||||
Haohua Chemical Science & Technology Co. Ltd. Class A | 685,670 | 1,683 | 0.0% | ||||||||||
China National Chemical Engineering Co. Ltd. Class A (XSSC) | 1,902,425 | 1,646 | 0.0% | ||||||||||
* | COSCO Shipping International Singapore Co. Ltd. | 9,738,015 | 1,578 | 0.0% | |||||||||
Minmetals Capital Co. Ltd. Class A | 1,506,360 | 1,538 | 0.0% | ||||||||||
* | Sinopec Oilfield Service Corp. Class H | 20,216,608 | 1,465 | 0.0% | |||||||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 1,282,709 | 1,419 | 0.0% | ||||||||||
China National Nuclear Power Co. Ltd. Class A (XSSC) | 2,291,100 | 1,400 | 0.0% | ||||||||||
China Galaxy Securities Co. Ltd. Class A | 995,320 | 1,381 | 0.0% | ||||||||||
China Merchants Port Group Co. Ltd. Class A | 687,400 | 1,373 | 0.0% | ||||||||||
CITIC Resources Holdings Ltd. | 40,295,718 | 1,356 | 0.0% | ||||||||||
China Oilfield Services Ltd. Class A | 761,234 | 1,330 | 0.0% | ||||||||||
China Merchants Land Ltd. | 7,883,888 | 1,309 | 0.0% | ||||||||||
Shanghai Datun Energy Resources Co. Ltd. Class A | 1,156,850 | 1,301 | 0.0% | ||||||||||
China XD Electric Co. Ltd. Class A (XSHG) | 1,531,400 | 1,275 | 0.0% | ||||||||||
ADAMA Ltd. Class A | 915,100 | 1,246 | 0.0% | ||||||||||
China Zhenhua Group Science & Technology Co. Ltd. Class A (XSHE) | 432,542 | 1,229 | 0.0% | ||||||||||
Power Construction Corp. of China Ltd. Class A (XSHG) | 2,430,302 | 1,221 | 0.0% | ||||||||||
* | Citic Pacific Special Steel Group Co. Ltd. Class A (XSEC) | 529,765 | 1,198 | 0.0% | |||||||||
Cinda Real Estate Co. Ltd. Class A (XSSC) | 2,163,113 | 1,198 | 0.0% | ||||||||||
Guodian Nanjing Automation Co. Ltd. Class A | 851,900 | 1,197 | 0.0% | ||||||||||
Industrial & Commercial Bank of China Ltd. Class A (XSHG) | 1,640,100 | 1,197 | 0.0% | ||||||||||
* | China Eastern Airlines Corp. Ltd. Class A (XSHG) | 1,928,700 | 1,185 | 0.0% | |||||||||
Sinochem International Corp. Class A (XSSC) | 1,629,606 | 1,131 | 0.0% | ||||||||||
* | Baoding Tianwei Baobian Electric Co. Ltd. Class A | 1,526,601 | 1,112 | 0.0% |
7
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
Besttone Holdings Co. Ltd. Class A (XSHG) | 457,300 | 1,108 | 0.0% | ||||||||||
Grinm Advanced Materials Co. Ltd. Class A (XSSC) | 613,000 | 1,075 | 0.0% | ||||||||||
* | CNOOC Energy Technology & Services Ltd. Class A | 3,271,400 | 1,069 | 0.0% | |||||||||
China Spacesat Co. Ltd. Class A (XSHG) | 226,387 | 1,044 | 0.0% | ||||||||||
China Merchants Port Group Co. Ltd. Class B | 1,120,700 | 1,039 | 0.0% | ||||||||||
China Zhenhua Group Science & Technology Co. Ltd. Class A (XSEC) | 361,800 | 1,028 | 0.0% | ||||||||||
* | China Aluminum International Engineering Corp. Ltd. Class A | 1,830,300 | 1,015 | 0.0% | |||||||||
China Shenhua Energy Co. Ltd. Class A (XSHG) | 427,130 | 960 | 0.0% | ||||||||||
* | CITIC Press Corp. Class A | 147,500 | 952 | 0.0% | |||||||||
CITIC Heavy Industries Co. Ltd. Class A (XSHG) | 1,770,752 | 930 | 0.0% | ||||||||||
Guangxi Guiguan Electric Power Co. Ltd. Class A (XSSC) | 1,527,966 | 927 | 0.0% | ||||||||||
Zhongjin Gold Corp. Ltd. Class A (XSHG) | 781,160 | 924 | 0.0% | ||||||||||
FAW CAR Co. Ltd. Class A (XSEC) | 650,200 | 910 | 0.0% | ||||||||||
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSHG) | 2,555,201 | 910 | 0.0% | ||||||||||
Tian Di Science & Technology Co. Ltd. Class A (XSSC) | 2,118,939 | 906 | 0.0% | ||||||||||
Shanghai Electric Power Co. Ltd. Class A (XSSC) | 844,723 | 879 | 0.0% | ||||||||||
Shanghai Electric Power Co. Ltd. Class A (XSHG) | 836,400 | 870 | 0.0% | ||||||||||
China Railway Construction Corp. Ltd. Class A (XSHG) | 631,100 | 865 | 0.0% | ||||||||||
Shenzhen Topway Video Communication Co. Ltd. Class A | 625,920 | 850 | 0.0% | ||||||||||
Inner Mongolia Lantai Industrial Co. Ltd. Class A | 802,400 | 845 | 0.0% | ||||||||||
Shanghai Baosteel Packaging Co. Ltd. Class A | 1,258,200 | 833 | 0.0% | ||||||||||
FAW CAR Co. Ltd. Class A (XSHE) | 589,943 | 826 | 0.0% | ||||||||||
Huadian Heavy Industries Co. Ltd. Class A (XSSC) | 1,526,509 | 815 | 0.0% | ||||||||||
China National Medicines Corp. Ltd. Class A (XSHG) | 185,586 | 815 | 0.0% | ||||||||||
Offshore Oil Engineering Co. Ltd. Class A (XSHG) | 1,162,500 | 810 | 0.0% | ||||||||||
* | COFCO Tunhe Sugar Co. Ltd. Class A | 703,662 | 806 | 0.0% | |||||||||
Norinco International Cooperation Ltd. Class A | 725,850 | 783 | 0.0% | ||||||||||
Bank of China Ltd. Class A (XSHG) | 1,564,597 | 769 | 0.0% | ||||||||||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A (XSSC) | 362,901 | 765 | 0.0% | |||||||||
China West Construction Group Co. Ltd. Class A | 559,000 | 755 | 0.0% | ||||||||||
China Communications Construction Co. Ltd. Class A | 669,000 | 754 | 0.0% | ||||||||||
China Coal Energy Co. Ltd. Class A (XSSC) | 1,384,294 | 746 | 0.0% | ||||||||||
China Southern Airlines Co. Ltd. Class A (XSSC) | 983,183 | 744 | 0.0% | ||||||||||
AVICOPTER plc Class A (XSHG) | 115,800 | 723 | 0.0% | ||||||||||
Sinosteel Engineering & Technology Co. Ltd. Class A | 1,202,994 | 702 | 0.0% | ||||||||||
East China Engineering Science and Technology Co. Ltd. Class A | 707,477 | 691 | 0.0% | ||||||||||
Dongxing Securities Co. Ltd. Class A (XSSC) | 459,313 | 689 | 0.0% | ||||||||||
Guangxi Guiguan Electric Power Co. Ltd. Class A (XSHG) | 1,128,790 | 685 | 0.0% | ||||||||||
* | Sinopec Oilfield Equipment Corp. Class A | 973,042 | 657 | 0.0% | |||||||||
North Electro-Optic Co. Ltd. Class A | 494,561 | 644 | 0.0% | ||||||||||
* | Minmetals Development Co. Ltd. Class A (XSHG) | 697,486 | 634 | 0.0% | |||||||||
Angang Steel Co. Ltd. Class A | 1,691,112 | 627 | 0.0% | ||||||||||
* | Zhonghang Electronic Measuring Instruments Co. Ltd. Class A | 419,800 | 623 | 0.0% | |||||||||
Metallurgical Corp. of China Ltd. Class A (XSHG) | 1,714,400 | 619 | 0.0% | ||||||||||
China CITIC Bank Corp. Ltd. Class A (XSHG) | 824,050 | 604 | 0.0% | ||||||||||
* | KraussMaffei Co. Ltd. Class A | 684,134 | 555 | 0.0% | |||||||||
China Construction Bank Corp. Class A (XSHG) | 604,100 | 548 | 0.0% | ||||||||||
Poly Culture Group Corp. Ltd. Class H | 1,101,847 | 537 | 0.0% | ||||||||||
Besttone Holdings Co. Ltd. Class A (XSSC) | 218,900 | 530 | 0.0% | ||||||||||
China Television Media Ltd. Class A (XSHG) | 289,800 | 493 | 0.0% | ||||||||||
Cinda Real Estate Co. Ltd. Class A (XSHG) | 837,122 | 464 | 0.0% |
8
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
Sinotrans Ltd. Class A | 986,395 | 452 | 0.0% | ||||||||||
CITIC Heavy Industries Co. Ltd. Class A (XSSC) | 831,227 | 437 | 0.0% | ||||||||||
Grinm Advanced Materials Co. Ltd. Class A (XSHG) | 241,500 | 424 | 0.0% | ||||||||||
* | SGIS Songshan Co. Ltd. Class A (XSHE) | 794,400 | 418 | 0.0% | |||||||||
Maanshan Iron & Steel Co. Ltd. Class A (XSHG) | 1,120,600 | 414 | 0.0% | ||||||||||
Sinochem International Corp. Class A (XSHG) | 539,110 | 374 | 0.0% | ||||||||||
* | SGIS Songshan Co. Ltd. Class A (XSEC) | 711,200 | 374 | 0.0% | |||||||||
* | China Satellite Communications Co. Ltd. Class A (XSSC) | 153,800 | 369 | 0.0% | |||||||||
* | Xinjiang Ba Yi Iron & Steel Co. Ltd. Class A | 846,000 | 358 | 0.0% | |||||||||
* | China Merchants Energy Shipping Co. Ltd. Class A (XSSC) | 367,000 | 350 | 0.0% | |||||||||
* | China Chengtong Development Group Ltd. | 13,753,007 | 303 | 0.0% | |||||||||
* | China Tungsten And Hightech Materials Co. Ltd. Class A | 363,860 | 290 | 0.0% | |||||||||
China Television Media Ltd. Class A (XSSC) | 155,437 | 264 | 0.0% | ||||||||||
* | Beijing HualuBaina Film & TV Co. Ltd. Class A (XSHE) | 385,200 | 260 | 0.0% | |||||||||
* | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSHG) | 557,401 | 244 | 0.0% | |||||||||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A (XSHG) | 107,500 | 227 | 0.0% | |||||||||
Huadian Heavy Industries Co. Ltd. Class A (XSHG) | 414,676 | 221 | 0.0% | ||||||||||
China National Accord Medicines Corp. Ltd. Class A | 38,167 | 221 | 0.0% | ||||||||||
Air China Ltd. Class A (XSSC) | 209,538 | 213 | 0.0% | ||||||||||
Lucky Film Co. Class A (XSSC) | 219,191 | 204 | 0.0% | ||||||||||
China Coal Energy Co. Ltd. Class A (XSHG) | 361,900 | 195 | 0.0% | ||||||||||
Tian Di Science & Technology Co. Ltd. Class A (XSHG) | 456,100 | 195 | 0.0% | ||||||||||
Lucky Film Co. Class A (XSHG) | 120,000 | 112 | 0.0% | ||||||||||
* | Minmetals Development Co. Ltd. Class A (XSSC) | 104,800 | 95 | 0.0% | |||||||||
* | Beijing HualuBaina Film & TV Co. Ltd. Class A (XSEC) | 124,000 | 84 | 0.0% | |||||||||
* | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSSC) | 67,400 | 29 | 0.0% | |||||||||
§,1 | China—Other † | 11,596,468 | 15.8% | ||||||||||
31,275,153 | 42.5% | ||||||||||||
Colombia † | 217,759 | 0.3% | |||||||||||
1Czech Republic † | 87,835 | 0.1% | |||||||||||
Egypt † | 135,946 | 0.2% | |||||||||||
Greece | |||||||||||||
Piraeus Port Authority SA | 13,180 | 247 | 0.0% | ||||||||||
§ | Greece—Other † | 211,409 | 0.3% | ||||||||||
211,656 | 0.3% | ||||||||||||
§Hong Kong † | 3,171 | 0.0% | |||||||||||
Hungary † | 186,982 | 0.3% | |||||||||||
India | |||||||||||||
Reliance Industries Ltd. | 44,060,938 | 856,678 | 1.2% | ||||||||||
Housing Development Finance Corp. Ltd. | 24,489,513 | 619,457 | 0.8% | ||||||||||
Infosys Ltd. | 52,503,369 | 490,756 | 0.7% | ||||||||||
Tata Consultancy Services Ltd. | 12,781,431 | 338,354 | 0.4% | ||||||||||
Hindustan Unilever Ltd. | 10,680,631 | 309,263 | 0.4% | ||||||||||
* | TV18 Broadcast Ltd. | 4,769,144 | 1,225 | 0.0% | |||||||||
§,1 | India—Other † | 4,487,352 | 6.1% | ||||||||||
7,103,085 | 9.6% |
9
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
Indonesia | |||||||||||||
Bank Central Asia Tbk PT | 136,646,450 | 236,698 | 0.3% | ||||||||||
§ | Indonesia—Other † | 946,246 | 1.3% | ||||||||||
1,182,944 | 1.6% | ||||||||||||
Kuwait | |||||||||||||
National Bank of Kuwait SAKP | 91,225,349 | 218,745 | 0.3% | ||||||||||
Kuwait—Other † | 339,219 | 0.5% | |||||||||||
557,964 | 0.8% | ||||||||||||
§,1 Malaysia † | 1,835,159 | 2.5% | |||||||||||
Mexico | |||||||||||||
America Movil SAB de CV | 387,904,911 | 234,987 | 0.3% | ||||||||||
Fomento Economico Mexicano SAB de CV | 29,503,268 | 190,686 | 0.3% | ||||||||||
§,1 | Mexico—Other † | 1,104,350 | 1.5% | ||||||||||
1,530,023 | 2.1% | ||||||||||||
Pakistan † | 86,748 | 0.1% | |||||||||||
§ Peru † | 22,364 | 0.0% | |||||||||||
§,1 Philippines † | 774,884 | 1.0% | |||||||||||
§ Poland † | 221 | 0.0% | |||||||||||
Qatar | |||||||||||||
Qatar National Bank QPSC | 63,001,317 | 297,154 | 0.4% | ||||||||||
Qatar—Other † | 457,212 | 0.6% | |||||||||||
754,366 | 1.0% | ||||||||||||
Russia | |||||||||||||
Sberbank of Russia PJSC | 145,735,882 | 384,048 | 0.5% | ||||||||||
Gazprom PJSC | 149,312,459 | 379,624 | 0.5% | ||||||||||
Lukoil PJSC | 5,863,840 | 378,380 | 0.5% | ||||||||||
Rosneft Oil Co. PJSC GDR | 9,971,589 | 44,708 | 0.1% | ||||||||||
AK Transneft OAO Preference Shares | 22,354 | 41,014 | 0.1% | ||||||||||
VTB Bank PJSC | 74,792,923,072 | 35,006 | 0.1% | ||||||||||
Inter RAO UES PJSC | 511,504,670 | 34,266 | 0.0% | ||||||||||
Rosneft Oil Co. PJSC | 6,623,775 | 29,731 | 0.0% | ||||||||||
RusHydro PJSC | 1,547,132,418 | 13,053 | 0.0% | ||||||||||
Federal Grid Co. Unified Energy System PJSC | 3,851,164,717 | 9,491 | 0.0% | ||||||||||
Rosseti PJSC | 432,851,584 | 7,427 | 0.0% | ||||||||||
Aeroflot PJSC | 6,905,589 | 7,019 | 0.0% | ||||||||||
Bashneft PJSC | 232,571 | 5,435 | 0.0% | ||||||||||
Mosenergo PJSC | 98,999,234 | 2,604 | 0.0% | ||||||||||
OGK-2 PJSC | 217,636,880 | 1,850 | 0.0% | ||||||||||
§ | Lenenergo PJSC Preference Shares | 1,029,790 | 1,664 | 0.0% | |||||||||
Tgc-1 PJSC | 8,801,055,345 | 1,397 | 0.0% | ||||||||||
Bashneft PAO Preference Shares | 1,006 | 19 | 0.0% | ||||||||||
1 | Russia—Other † | 1,072,129 | 1.5% | ||||||||||
2,448,865 | 3.3% |
10
Emerging Markets Stock Index Fund
Market | Percentage | ||||||||||||
Value· | of Net | ||||||||||||
Shares | ($000 | ) | Assets | ||||||||||
Saudi Arabia | |||||||||||||
Al Rajhi Bank | 14,720,576 | 223,765 | 0.3% | ||||||||||
Saudi Basic Industries Corp. | 10,840,180 | 215,122 | 0.3% | ||||||||||
Saudi Telecom Co. | 7,214,819 | 173,750 | 0.2% | ||||||||||
National Commercial Bank | 16,255,202 | 160,428 | 0.2% | ||||||||||
1 | Saudi Arabian Oil Co. | 14,960,986 | 125,715 | 0.2% | |||||||||
Saudi Electricity Co. | 9,573,416 | 43,348 | 0.1% | ||||||||||
Yanbu National Petrochemical Co. | 2,766,427 | 32,963 | 0.0% | ||||||||||
* | Saudi Real Estate Co. | 973,758 | 3,149 | 0.0% | |||||||||
Saudi Arabia—Other † | 920,855 | 1.3% | |||||||||||
1,899,095 | 2.6% | ||||||||||||
South Africa | |||||||||||||
Naspers Ltd. | 6,089,178 | 947,772 | 1.3% | ||||||||||
1 | South Africa—Other † | 1,977,420 | 2.7% | ||||||||||
2,925,192 | 4.0% | ||||||||||||
Taiwan | |||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 219,280,785 | 2,212,061 | 3.0% | ||||||||||
^ | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 24,087,313 | 1,279,759 | 1.7% | |||||||||
Hon Hai Precision Industry Co. Ltd. | 168,733,761 | 433,640 | 0.6% | ||||||||||
MediaTek Inc. | 20,904,630 | 288,660 | 0.4% | ||||||||||
Formosa Plastics Corp. | 69,592,057 | 204,270 | 0.3% | ||||||||||
Largan Precision Co. Ltd. | 1,450,076 | 197,665 | 0.3% | ||||||||||
Nan Ya Plastics Corp. | 80,654,819 | 178,429 | 0.2% | ||||||||||
§ | Taiwan—Other † | 6,967,373 | 9.5% | ||||||||||
11,761,857 | 16.0% | ||||||||||||
Thailand | |||||||||||||
PTT PCL (Foreign) | 200,188,215 | 218,578 | 0.3% | ||||||||||
§ | Thailand—Other † | 2,023,572 | 2.7% | ||||||||||
2,242,150 | 3.0% | ||||||||||||
§,1 Turkey † | 478,523 | 0.6% | |||||||||||
United Arab Emirates | |||||||||||||
First Abu Dhabi Bank PJSC | 62,121,257 | 193,714 | 0.3% | ||||||||||
§ | United Arab Emirates—Other † | 360,298 | 0.5% | ||||||||||
554,012 | 0.8% | ||||||||||||
Total Common Stocks (Cost $72,455,678) | 72,887,141 | 99.0% |
11
Emerging Markets Stock Index Fund
Market | Percentage | |||||||||||||||
Value· | of Net | |||||||||||||||
Coupon | Shares | ($000 | ) | Assets | ||||||||||||
Temporary Cash Investments | ||||||||||||||||
Money Market Fund | ||||||||||||||||
2,3 Vanguard Market Liquidity Fund | 0.522% | 10,992,386 | 1,099,239 | 1.5% | ||||||||||||
4 U.S. Government and Agency Obligations † | 111,466 | 0.1% | ||||||||||||||
Total Temporary Cash Investments (Cost $1,210,289) | 1,210,705 | 1.6% | ||||||||||||||
Total Investments (Cost $73,665,967) | 74,097,846 | 100.6% | ||||||||||||||
Other Assets and Liabilities—Net3,4 | (459,865 | ) | (0.6% | ) | ||||||||||||
Net Assets | 73,637,981 | 100.0% |
Cost rounded to $000.
· | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $676,775,000. |
§ | Certain of the fund’s securities are valued using significant unobservable inputs. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Certain of the fund’s securities are 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 April 30, 2020, the aggregate value of these securities was $2,193,145,000, representing 3.0% of net assets. |
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 $733,151,000 was received for securities on loan, of which $732,286,000 is held in Vanguard Market Liquidity Fund and $865,000 is held in cash. |
4 | Securities with a value of $72,496,000 and cash of $13,348,000 have been segregated as initial margin for open futures contracts. |
ADR—American Depositary Receipt.
GDR—Global Depositary Receipt.
Derivative Financial Instruments Outstanding as of Period End | ||||||||||||||
Futures Contracts | ||||||||||||||
($000 | ) | |||||||||||||
Value and | ||||||||||||||
Number of | Unrealized | |||||||||||||
Long (Short | ) | Notional | Appreciation | |||||||||||
Expiration | Contracts | Amount | (Depreciation | ) | ||||||||||
Long Futures Contracts | ||||||||||||||
MSCI Emerging Market Index | June 2020 | 14,209 | 643,597 | 70,506 | ||||||||||
E-mini S&P 500 Index | June 2020 | 580 | 84,170 | 3,097 | ||||||||||
73,603 |
See accompanying Notes, which are an integral part of the Financial Statements.
12
Emerging Markets Stock Index Fund
Statement of Assets and Liabilities | ||||
As of April 30, 2020 | ||||
($000s, except shares and per-share amounts) | Amount | |||
Assets | ||||
Total Investments in Securities, at Value | ||||
Unaffiliated Issuers (Cost $72,567,115) | 72,998,607 | |||
Affiliated Issuers (Cost $1,098,852) | 1,099,239 | |||
Total Investments in Securities | 74,097,846 | |||
Investment in Vanguard | 3,541 | |||
Cash | 865 | |||
Cash Collateral Pledged—Futures Contracts | 13,348 | |||
Foreign Currency, at Value (Cost $199,625) | 200,462 | |||
Receivables for Investment Securities Sold | 27,384 | |||
Receivables for Accrued Income | 86,385 | |||
Receivables for Capital Shares Issued | 24,564 | |||
Total Assets | 74,454,395 | |||
Liabilities | ||||
Due to Custodian | 7,564 | |||
Payables for Investment Securities Purchased | 4,866 | |||
Collateral for Securities on Loan | 733,151 | |||
Payables for Capital Shares Redeemed | 39,736 | |||
Payables to Vanguard | 16,195 | |||
Variation Margin Payable—Futures Contracts | 14,902 | |||
Total Liabilities | 816,414 | |||
Net Assets | 73,637,981 |
13
Emerging Markets Stock Index Fund
Statement of Assets and Liabilities (continued) | ||
At April 30, 2020, net assets consisted of: | ||
($000s, except shares and per-share amounts) | Amount | |
Paid-in Capital | 85,012,626 | |
Total Distributable Earnings (Loss) | (11,374,645 | ) |
Net Assets | 73,637,981 | |
Investor Shares—Net Assets | ||
Applicable to 6,750,478 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 156,391 | |
Net Asset Value Per Share—Investor Shares | $23.17 | |
ETF Shares—Net Assets | ||
Applicable to 1,421,689,957 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 51,992,378 | |
Net Asset Value Per Share—ETF Shares | $36.57 | |
Admiral Shares—Net Assets | ||
Applicable to 405,777,818 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 12,340,477 | |
Net Asset Value Per Share—Admiral Shares | $30.41 | |
Institutional Shares—Net Assets | ||
Applicable to 238,825,584 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,522,822 | |
Net Asset Value Per Share—Institutional Shares | $23.12 | |
Institutional Plus Shares—Net Assets | ||
Applicable to 47,136,317 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,625,913 | |
Net Asset Value Per Share—Institutional Plus Shares | $76.92 |
See accompanying Notes, which are an integral part of the Financial Statements.
14
Emerging Markets Stock Index Fund
Statement of Operations
Six Months Ended | ||
April 30, 2020 | ||
($000 | ) | |
Investment Income | ||
Income | ||
Dividends1 | 669,109 | |
Interest2 | 10,727 | |
Securities Lending—Net | 12,859 | |
Total Income | 692,695 | |
Expenses | ||
The Vanguard Group—Note B | ||
Investment Advisory Services | 2,099 | |
Management and Administrative—Investor Shares | 264 | |
Management and Administrative—ETF Shares | 20,404 | |
Management and Administrative—Admiral Shares | 7,312 | |
Management and Administrative—Institutional Shares | 2,117 | |
Management and Administrative—Institutional Plus Shares | 896 | |
Marketing and Distribution—Investor Shares | 17 | |
Marketing and Distribution—ETF Shares | 1,130 | |
Marketing and Distribution—Admiral Shares | 527 | |
Marketing and Distribution—Institutional Shares | 127 | |
Marketing and Distribution—Institutional Plus Shares | 30 | |
Custodian Fees | 8,887 | |
Shareholders’ Reports—Investor Shares | 1 | |
Shareholders’ Reports—ETF Shares | 938 | |
Shareholders’ Reports—Admiral Shares | 99 | |
Shareholders’ Reports—Institutional Shares | 25 | |
Shareholders’ Reports—Institutional Plus Shares | 10 | |
Trustees’ Fees and Expenses | 26 | |
Total Expenses | 44,909 | |
Net Investment Income | 647,786 | |
Realized Net Gain (Loss) | ||
Investment Securities Sold2,3 | (590,861 | ) |
Futures Contracts | (422,080 | ) |
Swap Contracts | 14,085 | |
Foreign Currencies | (31,127 | ) |
Realized Net Gain (Loss) | (1,029,983 | ) |
15
Emerging Markets Stock Index Fund
Statement of Operations (continued) | ||
Six Months Ended | ||
April 30, 2020 | ||
($000 | ) | |
Change in Unrealized Appreciation (Depreciation) | ||
Investment Securities2,4 | (10,114,934 | ) |
Futures Contracts | 55,979 | |
Swap Contracts | (945 | ) |
Foreign Currencies | (3,904 | ) |
Change in Unrealized Appreciation (Depreciation) | (10,063,804 | ) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (10,446,001 | ) |
1 | Dividends are net of foreign withholding taxes of $61,118,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $10,095,000, $626,000, and $285,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $405,776,000 of net gain (loss) resulting from in-kind redemptions. |
4 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of $45,558,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
16
Emerging Markets Stock Index Fund
Statement of Changes in Net Assets
Six Months Ended | Year Ended | |||
April 30, | October 31, | |||
2020 | 2019 | |||
($000 | ) | ($000 | ) | |
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net Investment Income | 647,786 | 2,832,290 | ||
Realized Net Gain (Loss) | (1,029,983 | ) | (1,612,907 | ) |
Change in Unrealized Appreciation (Depreciation) | (10,063,804 | ) | 9,153,034 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (10,446,001 | ) | 10,372,417 | |
Distributions1 | ||||
Investor Shares | (3,183 | ) | (18,298 | ) |
ETF Shares | (931,303 | ) | (1,696,271 | ) |
Admiral Shares | (207,611 | ) | (366,780 | ) |
Institutional Shares | (93,105 | ) | (163,743 | ) |
Institutional Plus Shares | (47,482 | ) | (70,891 | ) |
Total Distributions | (1,282,684 | ) | (2,315,983 | ) |
Capital Share Transactions | ||||
Investor Shares | (58,390 | ) | (1,176,550 | ) |
ETF Shares | (2,694,382 | ) | 3,458,622 | |
Admiral Shares | (158,316 | ) | 1,478,247 | |
Institutional Shares | 48,142 | 596,087 | ||
Institutional Plus Shares | 1,425,547 | 597,858 | ||
Net Increase (Decrease) from Capital Share Transactions | (1,437,399 | ) | 4,954,264 | |
Total Increase (Decrease) | (13,166,084 | ) | 13,010,698 | |
Net Assets | ||||
Beginning of Period | 86,804,065 | 73,793,367 | ||
End of Period | 73,637,981 | 86,804,065 |
1 Certain prior period numbers have been reclassified to conform with current period presentation.
See accompanying Notes, which are an integral part of the Financial Statements.
17
Emerging Markets Stock Index Fund
Financial Highlights
Investor Shares
Six Months | ||||||||||||||||||
Ended | ||||||||||||||||||
For a Share Outstanding | April 30, | Year Ended October 31, | ||||||||||||||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||
Net Asset Value, Beginning of Period | $26.59 | $24.02 | $28.16 | $23.85 | $22.16 | $27.02 | ||||||||||||
Investment Operations | ||||||||||||||||||
Net Investment Income | .1701 | .6431,2 | .6631 | .6011 | .530 | .642 | ||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments | (3.229 | ) | 2.601 | (4.187 | ) | 4.302 | 1.691 | (4.865 | ) | |||||||||
Total from Investment Operations | (3.059 | ) | 3.244 | (3.524 | ) | 4.903 | 2.221 | (4.223 | ) | |||||||||
Distributions | ||||||||||||||||||
Dividends from Net Investment Income | (.361 | ) | (.674 | ) | (.616 | ) | (.593 | ) | (.531 | ) | (.637 | ) | ||||||
Distributions from Realized Capital Gains | — | — | — | — | — | — | ||||||||||||
Total Distributions | (.361 | ) | (.674 | ) | (.616 | ) | (.593 | ) | (.531 | ) | (.637 | ) | ||||||
Net Asset Value, End of Period | $23.17 | $26.59 | $24.02 | $28.16 | $23.85 | $22.16 | ||||||||||||
Total Return3 | -11.71 | % | 13.66 | % | -12.73 | % | 20.76 | % | 10.21 | % | -15.74 | % | ||||||
Ratios/Supplemental Data | ||||||||||||||||||
Net Assets, End of Period (Millions) | $156 | $239 | $1,283 | $1,738 | $1,570 | $1,573 | ||||||||||||
Ratio of Total Expenses to Average Net Assets | 0.29 | % | 0.29 | % | 0.29 | % | 0.32 | % | 0.32 | % | 0.33 | % | ||||||
Ratio of Net Investment Income to Average Net Assets | 1.25 | % | 2.48 | %2 | 2.36 | % | 2.38 | % | 2.50 | % | 2.53 | % | ||||||
Portfolio Turnover Rate4 | 4 | % | 9 | % | 11 | % | 6 | % | 13 | % | 7 | % |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.171 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
18
Emerging Markets Stock Index Fund
Financial Highlights
FTSE Emerging Markets ETF Shares
Six Months | |||||||
Ended | |||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $41.99 | $37.91 | $44.47 | $37.67 | $34.98 | $42.66 | |
Investment Operations | |||||||
Net Investment Income | .3121 | 1.3931,2 | 1.1261 | 1.0351 | .900 | 1.086 | |
Net Realized and Unrealized Gain (Loss) on Investments | (5.115) | 3.826 | (6.636) | 6.781 | 2.679 | (7.685 | ) |
Total from Investment Operations | (4.803) | 5.219 | (5.510) | 7.816 | 3.579 | (6.599 | ) |
Distributions | |||||||
Dividends from Net Investment Income | (.617) | (1.139) | (1.050) | (1.016) | (.889) | (1.081 | ) |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (.617) | (1.139) | (1.050) | (1.016) | (.889) | (1.081 | ) |
Net Asset Value, End of Period | $36.57 | $41.99 | $37.91 | $44.47 | $37.67 | $34.98 | |
Total Return | -11.64% | 13.95% | -12.64% | 20.98% | 10.47% | -15.59% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $51,992 | $63,089 | $53,765 | $64,967 | $44,636 | $37,071 | |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.12% | 0.14% | 0.14% | 0.15% | |
Ratio of Net Investment Income to Average Net Assets | 1.48% | 3.40%2 | 2.53% | 2.56% | 2.68% | 2.71% | |
Portfolio Turnover Rate3 | 4% | 9% | 11% | 6% | 13% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.271 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
19
Emerging Markets Stock Index Fund
Financial Highlights
Admiral Shares
Six Months | |||||||
Ended | |||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $34.91 | $31.53 | $36.99 | $31.33 | $29.10 | $35.49 | |
Investment Operations | |||||||
Net Investment Income | .2531 | 1.1541,2 | .9441 | .8601 | .747 | .903 | |
Net Realized and Unrealized Gain (Loss) on Investments | (4.248) | 3.155 | (5.531) | 5.645 | 2.222 | (6.394 | ) |
Total from Investment Operations | (3.995) | 4.309 | (4.587) | 6.505 | 2.969 | (5.491 | ) |
Distributions | |||||||
Dividends from Net Investment Income | (.505) | (.929) | (.873) | (.845) | (.739) | (.899 | ) |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (.505) | (.929) | (.873) | (.845) | (.739) | (.899 | ) |
Net Asset Value, End of Period | $30.41 | $34.91 | $31.53 | $36.99 | $31.33 | $29.10 | |
Total Return3 | -11.65% | 13.83% | -12.64% | 21.00% | 10.41% | -15.60% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $12,340 | $14,383 | $11,632 | $12,585 | $9,166 | $8,060 | |
Ratio of Total Expenses to Average Net Assets | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.15% | |
Ratio of Net Investment Income to Average Net Assets | 1.44% | 3.38%2 | 2.51% | 2.56% | 2.68% | 2.71% | |
Portfolio Turnover Rate4 | 4% | 9% | 11% | 6% | 13% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.225 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
20
Emerging Markets Stock Index Fund
Financial Highlights
Institutional Shares
Six Months | |||||||
Ended | |||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $26.55 | $23.98 | $28.13 | $23.82 | $22.13 | $26.99 | |
Investment Operations | |||||||
Net Investment Income | .1981 | .8881,2 | .7211 | .6591 | .577 | .696 | |
Net Realized and Unrealized Gain (Loss) on Investments | (3.238) | 2.401 | (4.198) | 4.301 | 1.683 | (4.865 | ) |
Total from Investment Operations | (3.040) | 3.289 | (3.477) | 4.960 | 2.260 | (4.169 | ) |
Distributions | |||||||
Dividends from Net Investment Income | (.390) | (.719) | (.673) | (.650) | (.570) | (.691 | ) |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (.390) | (.719) | (.673) | (.650) | (.570) | (.691 | ) |
Net Asset Value, End of Period | $23.12 | $26.55 | $23.98 | $28.13 | $23.82 | $22.13 | |
Total Return | -11.65% | 13.88% | -12.60% | 21.06% | 10.42% | -15.57% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $5,523 | $6,309 | $5,142 | $5,647 | $4,191 | $3,645 | |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.11% | 0.11% | 0.12% | |
Ratio of Net Investment Income to Average Net Assets | 1.49% | 3.43%2 | 2.55% | 2.59% | 2.71% | 2.74% | |
Portfolio Turnover Rate3 | 4% | 9% | 11% | 6% | 13% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.171 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
21
Emerging Markets Stock Index Fund
Financial Highlights
Institutional Plus Shares
Six Months | |||||||
Ended | |||||||
For a Share Outstanding | April 30, | Year Ended October 31, | |||||
Throughout Each Period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
Net Asset Value, Beginning of Period | $88.32 | $79.77 | $93.57 | $79.26 | $73.61 | $89.77 | |
Investment Operations | |||||||
Net Investment Income | .6831 | 3.1021,2 | 2.1821 | 2.2211 | 1.928 | 2.326 | |
Net Realized and Unrealized Gain (Loss) on Investments | (10.777) | 7.869 | (13.725) | 14.266 | 5.630 | (16.171 | ) |
Total from Investment Operations | (10.094) | 10.971 | (11.543) | 16.487 | 7.558 | (13.845 | ) |
Distributions | |||||||
Dividends from Net Investment Income | (1.306) | (2.421) | (2.257) | (2.177) | (1.908) | (2.315 | ) |
Distributions from Realized Capital Gains | — | — | — | — | — | — | |
Total Distributions | (1.306) | (2.421) | (2.257) | (2.177) | (1.908) | (2.315 | ) |
Net Asset Value, End of Period | $76.92 | $88.32 | $79.77 | $93.57 | $79.26 | $73.61 | |
Total Return | -11.63% | 13.93% | -12.58% | 21.04% | 10.48% | -15.55% | |
Ratios/Supplemental Data | |||||||
Net Assets, End of Period (Millions) | $3,626 | $2,784 | $1,973 | $3,991 | $3,026 | $2,566 | |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.09% | 0.09% | 0.10% | |
Ratio of Net Investment Income to Average Net Assets | 1.56% | 3.59%2 | 2.57% | 2.61% | 2.73% | 2.76% | |
Portfolio Turnover Rate3 | 4% | 9% | 11% | 6% | 13% | 7% |
The expense ratio and net investment income ratio for the current period have been annualized.
1 | Calculated based on average shares outstanding. |
2 | Net investment income per share and the ratio of net investment income to average net assets include $.571 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
22
Emerging Markets Stock Index Fund
Notes to Financial Statements
Vanguard Emerging Markets Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. The fund offers five classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Emerging Markets ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at April 30, 2020, the fund had a concentration of its investments in securities issued in China, and the performance of such investments may be impacted by the country’s social, political, and economic conditions. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. 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 at their fair values calculated according to procedures adopted 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. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. 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).
23
Emerging Markets Stock Index Fund
3. 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 assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the six months ended April 30, 2020, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also receives a fixed rate spread related to the reference stock and pays a floating rate that is based on short-term interest rates, applied to the notional amount. To mitigate interest rate risk on the floating rate payable, the fund invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
The notional amounts of swap contracts are not recorded in the Schedule of Investments. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until termination of the swap, at which time realized gain (loss) is recorded.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk
24
Emerging Markets Stock Index Fund
by entering into swaps 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. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, 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 swap 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 swap 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.
During the six months ended April 30, 2020, the fund’s average amounts of investments in total return swaps represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period. The fund had no open swap contracts at April 30, 2020.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2016–2019), and for the period ended April 30, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return
25
Emerging Markets Stock Index Fund
of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and, effective May 2020, an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended April 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. Foreign capital gains tax is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes
26
Emerging Markets Stock Index Fund
on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Such tax reclaims received during the year, if any, are included in dividend income. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Assets and Liabilities, and subsequently, in May 2020, such liability was fully paid to Vanguard. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At April 30, 2020, the fund had contributed to Vanguard capital in the amount of $3,541,000, representing less than 0.01% of the fund’s net assets and 1.42% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
27
Emerging Markets Stock Index Fund
The following table summarizes the market value of the fund’s investments and derivatives as of April 30, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||
($000 | ) | ($000 | ) | ($000 | ) | ($000 | ) | |
Investments | ||||||||
Assets | ||||||||
Common Stocks—North and South America | 6,379,587 | — | 1,746 | 6,381,333 | ||||
Common Stocks—Other | 9,544,570 | 56,905,631 | 55,607 | 66,505,808 | ||||
Temporary Cash Investments | 1,099,239 | 111,466 | — | 1,210,705 | ||||
Total | 17,023,396 | 57,017,097 | 57,353 | 74,097,846 | ||||
Derivative Financial Instruments | ||||||||
Liabilities | ||||||||
Futures Contracts1 | 14,902 | — | — | 14,902 |
1 Represents variation margin on the last day of the reporting period.
D. As of April 30, 2020, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
Amount | ||
($000 | ) | |
Tax Cost | 73,877,355 | |
Gross Unrealized Appreciation | 20,209,267 | |
Gross Unrealized Depreciation | (19,915,173 | ) |
Net Unrealized Appreciation (Depreciation) | 294,094 |
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at October 31, 2019, the fund had available capital losses totaling $10,909,464,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending October 31, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
E. During the six months ended April 30, 2020, the fund purchased $3,116,451,000 of investment securities and sold $4,606,732,000 of investment securities, other than temporary cash investments. Purchases and sales include $0 and $1,630,543,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
28
Emerging Markets Stock Index Fund
F. Capital share transactions for each class of shares were:
Six Months Ended | Year Ended | |||||||||||||||
April 30, 2020 | October 31, 2019 | |||||||||||||||
Amount | Shares | Amount | Shares | |||||||||||||
($000 | ) | (000 | ) | ($000 | ) | (000 | ) | |||||||||
Investor Shares | ||||||||||||||||
Issued | 8,936 | 361 | 270,545 | 10,109 | ||||||||||||
Issued in Lieu of Cash Distributions | 3,183 | 116 | 17,437 | 699 | ||||||||||||
Redeemed1 | (70,509 | ) | (2,725 | ) | (1,464,532 | ) | (55,218 | ) | ||||||||
Net Increase (Decrease)—Investor Shares | (58,390 | ) | (2,248 | ) | (1,176,550 | ) | (44,410 | ) | ||||||||
ETF Shares | ||||||||||||||||
Issued | 389,757 | 9,094 | 3,980,030 | 97,280 | ||||||||||||
Issued in Lieu of Cash Distributions | — | — | — | — | ||||||||||||
Redeemed | (3,084,139 | ) | (90,000 | ) | (521,408 | ) | (12,800 | ) | ||||||||
Net Increase (Decrease)—ETF Shares | (2,694,382 | ) | (80,906 | ) | 3,458,622 | 84,480 | ||||||||||
Admiral Shares | ||||||||||||||||
Issued1 | 1,889,656 | 58,327 | 4,392,087 | 128,907 | ||||||||||||
Issued in Lieu of Cash Distributions | 179,665 | 5,077 | 316,976 | 9,487 | ||||||||||||
Redeemed | (2,227,637 | ) | (69,592 | ) | (3,230,816 | ) | (95,366 | ) | ||||||||
Net Increase (Decrease)—Admiral Shares | (158,316 | ) | (6,188 | ) | 1,478,247 | 43,028 | ||||||||||
Institutional Shares | ||||||||||||||||
Issued | 996,467 | 38,818 | 1,888,730 | 73,223 | ||||||||||||
Issued in Lieu of Cash Distributions | 87,817 | 3,272 | 153,181 | 6,031 | ||||||||||||
Redeemed | (1,036,142 | ) | (40,921 | ) | (1,445,824 | ) | (56,033 | ) | ||||||||
Net Increase (Decrease)—Institutional Shares | 48,142 | 1,169 | 596,087 | 23,221 | ||||||||||||
Institutional Plus Shares | ||||||||||||||||
Issued | 1,492,210 | 16,475 | 774,033 | 8,853 | ||||||||||||
Issued in Lieu of Cash Distributions | 44,264 | 502 | 65,606 | 774 | ||||||||||||
Redeemed | (110,927 | ) | (1,359 | ) | (241,781 | ) | (2,838 | ) | ||||||||
Net Increase (Decrease)—Institutional Plus Shares | 1,425,547 | 15,618 | 597,858 | 6,789 |
1 | In November 2018, the fund announced changes to the availability and minimum investment criteria of the Investor and Admiral share classes. As a result, all of the outstanding Investor Shares automatically converted to Admiral Shares beginning in April 2019, with the exception of those held by Vanguard funds and certain other institutional investors. Investor Shares—Redeemed and Admiral Shares—Issued include 135 and 103 shares, respectively, in the amount of $4,000 from the conversion during the six months ended April 30, 2020. Investor Shares—Redeemed and Admiral Shares—Issued include 40,647,000 and 30,955,000 shares, respectively, in the amount of $1,079,150,000 from the conversion during the year ended October 31, 2019. |
G. Management has determined that no other events or transactions occurred subsequent to April 30, 2020, that would require recognition or disclosure in these financial statements.
29
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Emerging Markets Stock Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Equity Index Group. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the fund’s investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Equity Index Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance compared with its target index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.
30
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses were also well below the peer-group average.
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
The benefit of economies of scale
The board concluded that the fund’s arrangement with Vanguard ensures that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangement again after a one-year period.
31
Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard International Equity Index Funds approved the appointment of liquidity risk management program administrators responsible for administering Vanguard Emerging Markets Stock Index Fund’s Program and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the fund’s liquidity risk.
32
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Connect with Vanguard® > vanguard.com
Fund Information > 800-662-7447
Direct Investor Account Services > 800-662-2739
Institutional Investor Services > 800-523-1036
Text Telephone for People
Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
© 2020 The Vanguard Group, Inc. | |
All rights reserved. | |
U.S. Patent Nos. 6,879,964; 7,337,138; | |
7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636. | |
Vanguard Marketing Corporation, Distributor. | |
Q5332 062020 |
Item 2: Code of Ethics.
Not applicable.
Item 3: Audit Committee Financial Expert.
Not applicable.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Not applicable.
Item 5: Audit Committee of Listed Registrants.
Not applicable.
Item 6: Investments.
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Common Stocks (98.7%) | |||
Austria (0.4%) | |||
Erste Group Bank AG | 508,813 | 11,027 | |
OMV AG | 252,848 | 8,256 | |
Verbund AG | 117,754 | 5,332 | |
voestalpine AG | 200,995 | 4,166 | |
* | ANDRITZ AG | 126,339 | 4,151 |
Raiffeisen Bank International AG | 228,372 | 3,942 | |
CA Immobilien Anlagen AG | 122,151 | 3,878 | |
Wienerberger AG | 199,563 | 3,738 | |
1 | BAWAG Group AG | 103,082 | 3,503 |
Immofinanz AG | 148,038 | 2,734 | |
* | Oesterreichische Post AG | 54,043 | 2,037 |
Telekom Austria AG | 230,074 | 1,619 | |
S IMMO AG | 78,634 | 1,460 | |
* | Lenzing AG | 23,421 | 1,339 |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 64,878 | 1,297 | |
UNIQA Insurance Group AG | 184,952 | 1,247 | |
Strabag SE | 30,822 | 863 | |
EVN AG | 52,018 | 813 | |
DO & CO AG | 12,857 | 641 | |
Schoeller-Bleckmann Oilfield Equipment AG | 20,614 | 609 | |
Flughafen Wien AG | 18,156 | 530 | |
* | Palfinger AG | 18,191 | 393 |
Agrana Beteiligungs AG | 20,181 | 371 | |
* | Zumtobel Group AG | 50,803 | 328 |
^ | Porr AG | 17,371 | 299 |
Kapsch TrafficCom AG | 8,124 | 158 | |
64,731 | |||
Belgium (1.7%) | |||
Anheuser-Busch InBev SA/NV | 1,361,493 | 63,405 | |
KBC Group NV | 485,374 | 26,327 | |
* | Ucb SA | 213,690 | 19,582 |
Umicore SA | 362,555 | 15,713 | |
Ageas | 327,248 | 11,795 | |
* | Argenx SE | 74,810 | 11,188 |
* | Groupe Bruxelles Lambert SA | 130,443 | 10,435 |
Solvay SA Class A | 122,308 | 9,553 | |
^ | Elia Group SA/NV | 62,525 | 7,189 |
Sofina SA | 27,285 | 6,426 | |
Cofinimmo SA | 46,184 | 6,421 | |
Warehouses De Pauw CVA | 222,878 | 6,114 | |
Colruyt SA | 91,020 | 5,455 | |
Proximus SADP | 247,747 | 5,288 | |
Ackermans & van Haaren NV | 39,763 | 5,270 | |
Aedifica SA | 43,864 | 4,251 | |
Telenet Group Holding NV | 82,370 | 3,440 | |
Euronav NV | 282,257 | 3,153 | |
Barco NV | 17,198 | 2,744 | |
Ontex Group NV | 141,750 | 2,585 | |
Fagron | 98,884 | 2,230 | |
KBC Ancora | 62,997 | 2,212 | |
D'ieteren SA/NV | 41,057 | 2,058 | |
Melexis NV | 32,598 | 1,983 | |
* | Montea C.V.A | 21,112 | 1,856 |
Gimv NV | 32,284 | 1,774 | |
Befimmo SA | 37,724 | 1,684 | |
^ | Bekaert SA | 64,078 | 1,355 |
* | Tessenderlo Chemie NV (Voting Shares) | 46,039 | 1,286 |
bpost SA | 173,480 | 1,210 | |
* | AGFA-Gevaert NV | 304,004 | 1,204 |
* | VGP NV | 9,224 | 1,068 |
Cie d'Entreprises CFE | 12,949 | 1,005 |
1
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Retail Estates NV | 17,731 | 958 | |
Kinepolis Group NV | 23,059 | 868 | |
Orange Belgium SA | 46,493 | 773 | |
*,^ | Mithra Pharmaceuticals SA | 26,219 | 654 |
^ | Econocom Group SA/NV | 235,351 | 453 |
EVS Broadcast Equipment SA | 23,336 | 357 | |
* | Ion Beam Applications | 37,984 | 315 |
Van de Velde NV | 9,899 | 250 | |
* | Wereldhave Belgium Comm VA | 4,102 | 234 |
252,121 | |||
Denmark (3.6%) | |||
Novo Nordisk A/S Class B | 2,923,048 | 186,461 | |
DSV Panalpina A/S | 358,746 | 37,274 | |
Coloplast A/S Class B | 234,673 | 37,014 | |
1 | Orsted A/S | 333,425 | 33,679 |
Vestas Wind Systems A/S | 345,393 | 29,660 | |
* | Genmab A/S | 104,046 | 25,011 |
Carlsberg A/S Class B | 179,414 | 22,634 | |
Novozymes A/S | 360,061 | 17,663 | |
Chr Hansen Holding A/S | 181,870 | 15,682 | |
* | Danske Bank A/S | 1,179,901 | 14,009 |
AP Moller - Maersk A/S Class B | 10,796 | 10,745 | |
GN Store Nord A/S | 230,255 | 10,508 | |
Ambu A/S Class B | 291,295 | 9,124 | |
AP Moller - Maersk A/S Class A | 8,437 | 7,818 | |
* | Royal Unibrew A/S | 87,716 | 6,786 |
SimCorp A/S | 69,797 | 6,447 | |
Tryg A/S | 213,180 | 5,686 | |
Pandora A/S | 156,983 | 5,582 | |
* | Iss A/S | 325,029 | 4,832 |
* | Demant A/S | 185,529 | 4,436 |
H Lundbeck A/S | 104,209 | 3,802 | |
Ringkjoebing Landbobank A/S | 52,370 | 3,287 | |
Topdanmark A/S | 75,071 | 3,030 | |
*,1 | Netcompany Group A/S | 58,635 | 3,029 |
* | ALK-Abello A/S | 11,654 | 2,965 |
* | Jyske Bank A/S | 104,474 | 2,820 |
* | Bavarian Nordic A/S | 107,694 | 2,538 |
ROCKWOOL International A/S Class B | 11,415 | 2,399 | |
* | FLSmidth & Co. A/S | 86,058 | 2,265 |
* | Zealand Pharma A/S | 62,048 | 2,157 |
* | Schouw & Co. A/S | 22,849 | 1,639 |
* | Sydbank A/S | 98,300 | 1,624 |
* | Dfds A/S | 53,365 | 1,355 |
1 | Scandinavian Tobacco Group A/S | 110,979 | 1,275 |
* | Nkt A/S | 47,373 | 1,065 |
* | Spar Nord Bank A/S | 140,993 | 983 |
* | Alm Brand A/S | 116,313 | 911 |
* | Drilling Co. of 1972 A/S | 37,880 | 891 |
* | D/S Norden A/S | 50,428 | 709 |
* | Nilfisk Holding A/S | 46,265 | 655 |
530,450 | |||
Finland (2.0%) | |||
690,941 | 41,840 | ||
Kone Oyj Class B | |||
* | Nordea Bank Abp (XSTO) | 5,607,243 | 35,965 |
Nokia Oyj | 9,904,748 | 35,706 | |
* | Sampo Oyj Class A | 867,036 | 28,740 |
Neste Oyj | 736,565 | 26,012 | |
UPM-Kymmene Oyj | 944,183 | 25,895 | |
Elisa Oyj | 253,883 | 15,428 | |
Fortum Oyj | 765,251 | 12,680 | |
* | Stora Enso Oyj | 1,018,413 | 11,981 |
* | Orion Oyj Class B | 181,566 | 9,227 |
Kesko Oyj Class B | 469,245 | 7,646 |
2
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Wartsila OYJ Abp | 861,478 | 6,323 | |
* | Huhtamaki Oyj | 164,571 | 6,143 |
* | Valmet Oyj | 234,207 | 5,356 |
Metso Oyj | 188,960 | 5,243 | |
* | Kojamo Oyj | 287,826 | 5,175 |
Nokian Renkaat Oyj | 239,359 | 5,085 | |
* | TietoEVRY Oyj (XHEL) | 130,562 | 3,181 |
* | Konecranes Oyj Class A | 125,292 | 2,719 |
* | Metsa Board Oyj | 303,957 | 2,117 |
* | Kemira Oyj | 160,281 | 1,928 |
Cargotec Oyj Class B | 87,169 | 1,902 | |
YIT Oyj | 284,354 | 1,559 | |
* | Outokumpu Oyj | 541,227 | 1,440 |
Sanoma Oyj | 132,535 | 1,197 | |
^ | Outotec Oyj | 261,004 | 1,088 |
Uponor Oyj | 96,170 | 1,078 | |
* | TietoEVRY Oyj (XOSL) | 38,768 | 948 |
Ahlstrom-Munksjo Oyj | 67,132 | 933 | |
^ | Citycon Oyj | 140,050 | 925 |
Raisio Oyj | 224,553 | 833 | |
* | F-Secure Oyj | 186,077 | 560 |
Oriola Oyj | 227,020 | 522 | |
* | Nordea Bank Abp (XHEL) | 79,960 | 512 |
* | Finnair Oyj | 100,522 | 401 |
308,288 | |||
France (15.3%) | |||
^ | Sanofi | 1,915,709 | 187,115 |
LVMH Moet Hennessy Louis Vuitton SE | 440,096 | 170,139 | |
TOTAL SA | 4,217,364 | 149,685 | |
* | Schneider Electric SE | 926,736 | 85,642 |
* | L'Oreal SA Loyalty Shares | 278,786 | 81,055 |
Danone SA | 1,057,298 | 73,691 | |
Air Liquide SA Loyalty Shares | 562,260 | 71,438 | |
Vinci SA | 821,428 | 67,293 | |
Kering SA | 131,111 | 66,697 | |
EssilorLuxottica SA | 519,054 | 64,479 | |
* | Airbus SE | 972,929 | 61,605 |
AXA SA | 3,391,937 | 60,297 | |
BNP Paribas SA | 1,911,829 | 60,063 | |
Pernod Ricard SA | 373,945 | 57,100 | |
Safran SA | 565,114 | 52,539 | |
Orange SA | 3,382,414 | 41,093 | |
Hermes International | 54,535 | 39,869 | |
Dassault Systemes SE | 233,063 | 34,137 | |
Engie SA | 2,924,038 | 31,725 | |
Legrand SA | 471,905 | 31,638 | |
*,^ | Vivendi SA | 1,428,163 | 30,867 |
Cie Generale des Etablissements Michelin SCA | 311,896 | 30,136 | |
STMicroelectronics NV | 1,116,264 | 28,746 | |
Capgemini SE | 277,843 | 26,120 | |
Cie de Saint-Gobain | 860,459 | 22,895 | |
Teleperformance | 102,133 | 22,879 | |
* | L'Oreal Loyalty Line 2021 | 77,009 | 22,390 |
Societe Generale SA | 1,358,501 | 21,314 | |
* | L'Oreal SA | 69,500 | 20,207 |
Veolia Environnement SA | 886,775 | 18,905 | |
Edenred | 431,463 | 17,381 | |
*,1 | Worldline SA | 249,243 | 16,881 |
Air Liquide SA | 131,284 | 16,680 | |
Credit Agricole SA | 2,025,956 | 16,296 | |
* | Air Liquide SA Loyalty Line 2021 | 125,111 | 15,896 |
Carrefour SA | 1,013,175 | 15,047 | |
Ingenico Group SA | 109,168 | 13,735 | |
Peugeot SA | 961,511 | 13,630 |
3
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Thales SA | 176,984 | 13,403 | |
Alstom SA | 325,553 | 13,354 | |
Gecina SA | 92,608 | 12,151 | |
Atos SE | 167,567 | 11,983 | |
* | Ubisoft Entertainment SA | 160,264 | 11,921 |
* | Bouygues SA | 374,036 | 11,508 |
Publicis Groupe SA | 380,359 | 11,228 | |
Eurofins Scientific SE | 20,095 | 11,116 | |
Eiffage SA | 131,957 | 10,784 | |
Arkema SA | 126,626 | 10,539 | |
* | Sartorius Stedim Biotech | 42,919 | 10,291 |
Getlink SE | 801,604 | 10,225 | |
Bureau Veritas SA | 487,179 | 10,114 | |
Orpea | 86,683 | 9,642 | |
Valeo SA | 418,983 | 9,604 | |
Accor SA | 333,943 | 9,290 | |
1 | Euronext NV | 108,695 | 9,125 |
BioMerieux | 73,247 | 9,050 | |
Sodexo SA ACT Loyalty Shares | 109,891 | 8,785 | |
* | SCOR Se | 276,348 | 7,786 |
Suez | 657,857 | 7,441 | |
Rubis SCA | 161,707 | 7,245 | |
TechnipFMC plc | 803,566 | 7,036 | |
Klepierre SA | 337,630 | 6,854 | |
1 | Amundi SA | 100,556 | 6,674 |
Electricite de France SA Loyalty Shares | 819,072 | 6,521 | |
Renault SA | 321,780 | 6,341 | |
Covivio | 82,042 | 5,152 | |
Rexel SA | 533,907 | 4,987 | |
Aeroports de Paris | 49,811 | 4,862 | |
^ | Remy Cointreau SA | 43,443 | 4,846 |
Faurecia SE | 129,997 | 4,658 | |
Bollore SA | 1,700,471 | 4,507 | |
Ipsen SA | 59,958 | 4,465 | |
Icade | 57,207 | 4,394 | |
Wendel SE | 48,516 | 4,162 | |
SES SA Class A | 621,540 | 4,141 | |
Iliad SA | 27,065 | 4,031 | |
SEB SA Loyalty Shares | 32,490 | 3,896 | |
Eutelsat Communications SA | 328,694 | 3,680 | |
^ | Casino Guichard Perrachon SA | 97,193 | 3,648 |
Alten SA | 50,358 | 3,626 | |
Eurazeo SE | 75,263 | 3,605 | |
Natixis SA | 1,483,307 | 3,502 | |
Sodexo SA | 43,531 | 3,480 | |
Dassault Aviation SA | 4,137 | 3,369 | |
Lagardere SCA | 205,669 | 3,340 | |
Spie SA | 215,020 | 3,241 | |
* | Soitec | 34,536 | 3,176 |
Sopra Steria Group | 25,600 | 3,031 | |
Korian SA | 87,026 | 2,923 | |
* | CNP Assurances | 279,431 | 2,883 |
Gaztransport Et Technigaz SA | 39,200 | 2,842 | |
JCDecaux SA | 131,335 | 2,719 | |
Elis SA (XPAR) | 192,740 | 2,376 | |
Nexity SA | 76,571 | 2,349 | |
Societe BIC SA | 44,736 | 2,238 | |
Imerys SA | 64,747 | 2,031 | |
Cie Plastic Omnium SA | 99,894 | 1,892 | |
Nexans SA | 52,851 | 1,882 | |
Elis SA (XLON) | 155,925 | 1,880 | |
* | Air France-KLM | 341,099 | 1,739 |
* | Cgg SA | 1,277,892 | 1,615 |
*,1 | Neoen SA | 39,052 | 1,477 |
4
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Virbac SA | 7,473 | 1,474 |
1 | Ald SA | 142,976 | 1,393 |
*,^ | Genfit | 61,553 | 1,335 |
Ipsos | 67,967 | 1,309 | |
Metropole Television SA | 114,682 | 1,277 | |
1 | Elior Group SA | 172,159 | 1,137 |
Trigano SA | 14,134 | 1,040 | |
* | ALBIOMA SA Loyalty Line 1 | 30,306 | 1,004 |
Rothschild & Co. | 49,704 | 983 | |
Electricite de France SA | 122,442 | 975 | |
* | Fnac Darty SA | 30,052 | 971 |
Seb SA | 7,795 | 935 | |
* | Television Francaise 1 | 187,892 | 920 |
* | DBV Technologies SA | 71,866 | 919 |
Coface SA | 154,779 | 910 | |
* | SEB SA loyalty line 2021 | 7,587 | 910 |
* | Robertet SA | 966 | 842 |
Mercialys SA | 106,711 | 830 | |
Quadient | 58,813 | 812 | |
Interparfums SA | 22,102 | 766 | |
*,^ | Vicat SA | 25,429 | 714 |
Carmila SA | 54,181 | 696 | |
1 | Maisons du Monde SA | 76,697 | 690 |
Akka Technologies | 20,747 | 660 | |
*,^ | Vallourec SA | 542,129 | 646 |
Ffp | 9,487 | 643 | |
Mersen SA | 27,216 | 601 | |
Tarkett SA | 54,459 | 539 | |
Bonduelle SCA | 24,460 | 535 | |
Pharmagest Inter@ctive | 7,453 | 514 | |
* | Lisi | 31,089 | 503 |
^ | Eramet | 15,713 | 495 |
Derichebourg SA | 172,827 | 485 | |
Vilmorin & Cie SA | 11,886 | 475 | |
Beneteau SA | 68,522 | 434 | |
* | ALBIOMA SA Loyalty line 2021 | 12,628 | 418 |
Rallye SA | 41,648 | 356 | |
Manitou BF SA | 22,994 | 352 | |
*,1 | X-Fab Silicon Foundries SE | 99,079 | 345 |
^,1 | Europcar Mobility Group | 183,181 | 341 |
Guerbet | 9,852 | 311 | |
GL Events | 22,959 | 275 | |
*,^,1 | Smcp SA | 44,696 | 211 |
Boiron SA | 5,440 | 200 | |
Akwel | 15,808 | 198 | |
Jacquet Metal Service SA | 19,038 | 194 | |
Etablissements Maurel et Prom SA | 100,373 | 187 | |
*,§ | Bourbon Corp. | 37,237 | 150 |
Union Financiere de France BQE SA | 5,993 | 102 | |
Albioma SA | 2,593 | 86 | |
* | Esso SA Francaise | 3,513 | 66 |
2,273,125 | |||
Germany (13.7%) | |||
SAP SE | 1,712,100 | 203,924 | |
Allianz SE | 733,645 | 135,014 | |
Siemens AG | 1,338,576 | 123,529 | |
Bayer AG | 1,732,884 | 113,971 | |
* | Deutsche Telekom AG | 5,709,821 | 83,476 |
BASF SE | 1,617,346 | 82,770 | |
adidas AG | 341,294 | 78,134 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 254,628 | 55,770 | |
Deutsche Post AG | 1,725,632 | 51,264 | |
Deutsche Boerse AG | 324,679 | 50,338 | |
Daimler AG | 1,424,588 | 48,725 |
5
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Vonovia SE | 962,298 | 47,585 | |
Volkswagen AG Preference Shares | 321,332 | 44,707 | |
Infineon Technologies AG | 2,200,597 | 40,911 | |
E.ON SE | 3,837,435 | 38,441 | |
Bayerische Motoren Werke AG | 571,545 | 33,621 | |
Fresenius SE & Co. KGaA | 719,789 | 31,176 | |
* | Henkel AG & Co. KGaA Preference Shares | 335,228 | 29,764 |
RWE AG | 1,013,123 | 29,145 | |
Fresenius Medical Care AG & Co. KGaA | 370,435 | 29,031 | |
Deutsche Bank AG | 3,612,096 | 26,752 | |
* | Merck KGaA | 229,379 | 26,621 |
Deutsche Wohnen SE | 635,001 | 25,736 | |
Symrise AG Class A | 223,392 | 22,632 | |
*,1 | Delivery Hero SE | 248,712 | 21,095 |
^ | Wirecard AG | 202,132 | 20,003 |
* | Beiersdorf AG | 176,578 | 18,475 |
* | Sartorius AG Preference Shares | 60,560 | 17,014 |
Hannover Rueck SE | 106,303 | 16,938 | |
* | QIAGEN NV | 386,176 | 16,067 |
* | Continental AG | 191,259 | 15,982 |
Porsche Automobil Holding SE Preference Shares | 270,801 | 13,674 | |
LEG Immobilien AG | 115,854 | 13,301 | |
*,1 | Zalando SE | 264,738 | 12,976 |
* | MTU Aero Engines AG | 93,198 | 12,691 |
1 | Scout24 AG | 191,595 | 12,528 |
HeidelbergCement AG | 263,626 | 12,499 | |
Brenntag AG | 274,214 | 12,416 | |
* | Henkel AG & Co. KGaA | 149,805 | 11,678 |
Aroundtown SA | 2,104,119 | 11,318 | |
1 | Siemens Healthineers AG | 230,287 | 10,138 |
*,1 | Covestro AG | 300,560 | 10,096 |
Uniper SE | 345,544 | 9,296 | |
* | Puma SE | 145,253 | 9,124 |
* | HelloFresh SE | 247,100 | 8,807 |
Volkswagen AG | 58,614 | 8,666 | |
Evonik Industries AG | 338,903 | 8,337 | |
Knorr-Bremse AG | 85,345 | 7,937 | |
* | TeamViewer AG | 170,752 | 7,397 |
LAXNESS AG | 147,604 | 7,263 | |
Bechtle AG | 48,924 | 7,075 | |
^,1 | Hapag-Lloyd AG | 48,238 | 6,911 |
Commerzbank AG | 1,840,313 | 6,785 | |
* | GEA Group AG | 293,640 | 6,738 |
United Internet AG | 192,219 | 6,614 | |
* | Carl Zeiss Meditec AG | 65,024 | 6,412 |
KION Group AG | 123,986 | 6,150 | |
Nemetschek SE | 96,239 | 6,055 | |
* | MorphoSys AG | 55,769 | 5,851 |
*,^ | Evotec SE | 236,254 | 5,830 |
* | OSRAM Licht AG | 131,475 | 5,478 |
*,^ | thyssenkrupp AG | 822,395 | 5,471 |
Rheinmetall AG | 76,058 | 5,148 | |
TAG Immobilien AG | 227,627 | 4,986 | |
Fuchs Petrolub SE Preference Shares | 122,469 | 4,749 | |
Bayerische Motoren Werke AG Preference Shares | 96,385 | 4,521 | |
Gerresheimer AG | 55,284 | 4,397 | |
Freenet AG | 231,490 | 4,392 | |
alstria office REIT-AG | 291,282 | 4,366 | |
Grand City Properties SA | 199,472 | 4,171 | |
CTS Eventim AG & Co. KGaA | 98,775 | 4,106 | |
* | Dialog Semiconductor plc | 125,060 | 3,927 |
^ | Deutsche Lufthansa AG | 422,095 | 3,779 |
^ | ProSiebenSat.1 Media SE | 339,031 | 3,388 |
Telefonica Deutschland Holding AG | 1,172,084 | 3,334 |
6
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Aurubis AG | 64,067 | 3,321 | |
^ | Grenke AG | 46,252 | 3,228 |
Siltronic AG | 36,319 | 3,109 | |
Software AG | 86,903 | 3,086 | |
CANCOM SE | 60,340 | 3,072 | |
Hugo Boss AG | 109,397 | 3,037 | |
CompuGroup Medical SE | 39,586 | 3,008 | |
Hella GmbH & Co. KGaA | 80,085 | 2,946 | |
Fielmann AG | 44,554 | 2,930 | |
Rational AG | 5,882 | 2,839 | |
Stroeer SE & Co. KGaA | 44,350 | 2,807 | |
^ | Fraport AG Frankfurt Airport Services Worldwide | 62,908 | 2,756 |
Hochtief AG | 34,493 | 2,699 | |
* | Hypoport SE | 7,279 | 2,566 |
Metro AG | 293,142 | 2,561 | |
Talanx AG | 67,769 | 2,407 | |
^ | K&S AG | 340,989 | 2,294 |
RIB Software SE | 71,875 | 2,279 | |
*,1 | Rocket Internet SE | 105,190 | 2,213 |
1 | ADO Properties SA | 78,063 | 2,187 |
*,^ | Encavis AG | 178,213 | 2,186 |
*,^ | Varta AG | 25,136 | 2,083 |
Duerr AG | 87,835 | 2,050 | |
RTL Group SA | 61,113 | 2,035 | |
FUCHS PETROLUB SE | 60,660 | 2,028 | |
^ | 1&1 Drillisch AG | 83,371 | 1,940 |
^ | S&T AG | 88,022 | 1,939 |
1 | DWS Group GmbH & Co. KGaA | 60,354 | 1,906 |
^ | Sixt SE | 27,911 | 1,900 |
Pfeiffer Vacuum Technology AG | 11,405 | 1,879 | |
1 | Befesa SA | 59,080 | 1,866 |
Jenoptik AG | 90,373 | 1,861 | |
Suedzucker AG | 139,252 | 1,842 | |
Stabilus SA | 42,535 | 1,817 | |
Patrizia AG | 79,475 | 1,775 | |
* | Aixtron Se | 189,141 | 1,758 |
Aareal Bank AG | 105,791 | 1,723 | |
1 | Deutsche Pfandbriefbank AG | 217,915 | 1,602 |
TUI AG (XETR) | 383,129 | 1,556 | |
Jungheinrich AG Preference Shares | 85,674 | 1,547 | |
Wacker Chemie AG | 26,508 | 1,546 | |
Isra Vision AG | 27,885 | 1,528 | |
Krones AG | 24,969 | 1,504 | |
Norma Group SE | 56,361 | 1,412 | |
* | Zooplus AG | 11,026 | 1,364 |
Deutsche EuroShop AG | 93,382 | 1,345 | |
New Work SE | 5,096 | 1,211 | |
* | DIC Asset AG | 88,549 | 1,174 |
KWS Saat SE & Co. KGaA | 19,521 | 1,122 | |
Sixt SE Preference Shares | 22,980 | 1,067 | |
Indus Holding AG | 33,455 | 1,030 | |
Dermapharm Holding SE | 21,248 | 1,008 | |
* | Traton SE | 62,706 | 945 |
Bilfinger SE | 49,852 | 937 | |
Hornbach Holding AG & Co. KGaA | 16,310 | 931 | |
* | Schaeffler AG Preference Shares | 132,221 | 893 |
* | Nordex SE | 109,869 | 883 |
Salzgitter AG | 65,537 | 876 | |
Deutz AG | 218,229 | 839 | |
* | Ceconomy AG | 323,375 | 828 |
Deutsche Beteiligungs AG | 22,513 | 763 | |
Hamburger Hafen und Logistik AG | 46,505 | 757 | |
* | Washtec AG | 18,267 | 721 |
^ | Draegerwerk AG & Co. KGaA Preference Shares | 8,456 | 708 |
7
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Wuestenrot & Wuerttembergische AG | 40,072 | 706 | |
BayWa AG | 22,941 | 673 | |
^ | Rhoen-Klinikum AG | 33,344 | 664 |
Vossloh AG | 16,951 | 640 | |
Wacker Neuson SE | 46,668 | 579 | |
Kloeckner & Co. SE | 137,003 | 561 | |
* | SMA Solar Technology AG | 16,042 | 511 |
Takkt AG | 62,521 | 508 | |
^ | Koenig & Bauer AG | 24,370 | 501 |
^ | Draegerwerk AG & Co. KGaA | 7,102 | 496 |
TLG Immobilien AG | 26,821 | 473 | |
*,^ | Leoni AG | 60,831 | 418 |
* | Heidelberger Druckmaschinen AG | 533,129 | 379 |
*,^ | Corestate Capital Holding SA | 18,094 | 373 |
Bertrandt AG | 9,339 | 359 | |
CropEnergies AG | 42,001 | 332 | |
*,^ | SGL Carbon SE | 94,091 | 291 |
*,^ | ElringKlinger AG | 52,110 | 283 |
2,036,164 | |||
Ireland (0.7%) | |||
CRH plc (XDUB) | 1,045,524 | 31,720 | |
Kerry Group plc Class A | 258,098 | 29,709 | |
Flutter Entertainment plc | 138,083 | 16,980 | |
Kingspan Group plc | 266,051 | 13,557 | |
Glanbia plc | 347,728 | 3,701 | |
Bank of Ireland Group plc | 1,608,743 | 3,301 | |
* | AIB Group plc | 1,387,144 | 1,920 |
Hibernia REIT plc | 1,283,835 | 1,670 | |
C&C Group plc (XDUB) | 548,514 | 1,347 | |
Cairn Homes plc | 1,239,421 | 1,155 | |
Irish Continental Group plc | 288,481 | 1,091 | |
Dalata Hotel Group plc | 321,293 | 1,041 | |
* | Permanent TSB Group Holdings plc | 257,834 | 142 |
*,^,§ | Irish Bank Resolution Corp. Ltd. | 2,503,596 | — |
107,334 | |||
Italy (3.7%) | |||
Enel SPA | 13,750,659 | 93,924 | |
Eni SPA | 4,427,929 | 42,182 | |
Intesa Sanpaolo SPA (Registered) | 26,471,121 | 41,335 | |
* | Ferrari NV | 217,827 | 34,045 |
Assicurazioni Generali SPA | 2,269,981 | 32,385 | |
* | UniCredit SPA | 3,953,082 | 30,529 |
Snam SPA | 4,047,872 | 18,158 | |
Fiat Chrysler Automobiles NV | 1,945,196 | 16,873 | |
Terna Rete Elettrica Nazionale SPA | 2,506,396 | 15,695 | |
Atlantia SPA | 871,098 | 14,280 | |
Moncler SPA | 335,913 | 12,633 | |
* | FinecoBank Banca Fineco SPA | 1,077,916 | 12,010 |
* | CNH Industrial NV | 1,721,962 | 10,771 |
EXOR NV | 184,426 | 10,058 | |
* | Telecom Italia SPA (Registered) | 21,933,630 | 8,710 |
Prysmian SPA | 442,614 | 8,351 | |
Mediobanca Banca di Credito Finanziario SPA | 1,424,665 | 8,282 | |
*,1 | Nexi SPA | 530,507 | 8,047 |
* | Davide Campari-Milano SPA | 982,651 | 7,638 |
Recordati SPA | 169,925 | 7,400 | |
1 | Poste Italiane SPA | 804,386 | 6,843 |
DiaSorin SPA | 39,836 | 6,793 | |
Tenaris SA | 826,948 | 5,722 | |
1 | Infrastrutture Wireless Italiane SPA | 518,674 | 5,490 |
Hera SPA | 1,449,601 | 5,366 | |
Amplifon SPA | 213,669 | 4,891 | |
Unione di Banche Italiane SPA | 1,690,096 | 4,845 | |
Leonardo SPA | 686,761 | 4,743 |
8
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Italgas SPA | 742,583 | 4,161 | |
Interpump Group SPA | 141,497 | 4,129 | |
A2A SpA | 2,776,068 | 3,784 | |
Azimut Holding SPA | 214,701 | 3,659 | |
* | Banco BPM SPA | 2,663,014 | 3,255 |
Banca Mediolanum SPA | 510,451 | 3,119 | |
Telecom Italia SPA (Bearer) | 7,526,280 | 3,002 | |
Unipol Gruppo SPA | 848,570 | 2,928 | |
1 | Pirelli & C SPA | 751,752 | 2,911 |
Iren SPA | 1,165,413 | 2,874 | |
Reply SPA | 36,844 | 2,579 | |
* | Saipem SPA | 992,296 | 2,547 |
UnipolSai Assicurazioni SPA | 1,032,980 | 2,532 | |
Banca Generali SPA | 100,860 | 2,507 | |
IMA Industria Macchine Automatiche SPA | 36,780 | 2,507 | |
Buzzi Unicem SPA | 122,691 | 2,407 | |
Cerved Group SPA | 330,002 | 2,248 | |
Freni Brembo SPA | 255,664 | 2,169 | |
Astm SpA | 109,153 | 2,135 | |
De' Longhi SPA | 114,147 | 2,063 | |
1 | Enav SPA | 452,761 | 2,029 |
Brunello Cucinelli SPA | 60,390 | 1,947 | |
ERG SPA | 96,454 | 1,733 | |
BPER Banca | 694,553 | 1,717 | |
1 | Anima Holding SPA | 484,753 | 1,716 |
Societa Cattolica di Assicurazioni SC | 273,213 | 1,514 | |
1 | Technogym SPA | 201,152 | 1,488 |
Salvatore Ferragamo SPA | 119,343 | 1,482 | |
Banca Popolare di Sondrio SCPA | 841,764 | 1,336 | |
ACEA SPA | 76,660 | 1,281 | |
Tamburi Investment Partners SPA | 189,055 | 1,223 | |
Autogrill SPA | 225,024 | 1,165 | |
*,^ | Mediaset SPA | 547,926 | 1,114 |
1 | Carel Industries SPA | 72,503 | 1,080 |
Falck Renewables SPA | 211,029 | 1,037 | |
*,1 | Banca Farmafactoring SPA | 197,667 | 1,021 |
Saras SPA | 1,008,208 | 952 | |
1 | RAI Way SPA | 175,822 | 948 |
*,^ | Juventus Football Club SPA | 873,464 | 866 |
MARR SPA | 57,211 | 754 | |
Zignago Vetro SPA | 59,532 | 740 | |
Italmobiliare SPA | 24,410 | 731 | |
CIR SpA-Compagnie Industriali | 1,637,652 | 726 | |
Piaggio & C SPA | 306,789 | 703 | |
1 | doValue SPA | 94,680 | 698 |
Buzzi Unicem SPA Saving Shares | 66,154 | 691 | |
*,^ | Fincantieri SPA | 824,148 | 639 |
Credito Emiliano SPA | 135,614 | 601 | |
*,^ | Banca Monte dei Paschi di Siena SPA | 483,221 | 590 |
^ | Tod's SPA | 17,910 | 548 |
^ | Maire Tecnimont SPA | 273,076 | 530 |
Datalogic SPA | 37,192 | 510 | |
Cementir Holding NV | 78,725 | 482 | |
Danieli & C Officine Meccaniche SPA Saving Shares | 63,172 | 469 | |
*,^ | Salini Impregilo SPA | 297,880 | 441 |
* | Banca IFIS SPA | 41,667 | 407 |
Immobiliare Grande Distribuzione SIIQ SPA | 89,071 | 353 | |
Danieli & C Officine Meccaniche SPA | 27,279 | 347 | |
* | Arnoldo Mondadori Editore SPA | 241,655 | 329 |
*,1 | OVS SPA | 306,301 | 264 |
Biesse SPA | 27,297 | 247 | |
Cairo Communication SPA | 124,677 | 225 | |
DeA Capital SPA | 154,133 | 219 | |
Rizzoli Corriere Della Sera Mediagroup SPA | 199,843 | 156 |
9
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
^ | Geox SPA | 129,250 | 103 |
573,667 | |||
Netherlands (6.4%) | |||
ASML Holding NV | 707,596 | 206,679 | |
Unilever NV | 2,417,234 | 120,377 | |
Koninklijke Philips NV | 1,577,625 | 68,773 | |
* | Prosus NV | 765,452 | 57,873 |
*,1 | Adyen NV | 46,779 | 46,246 |
Koninklijke Ahold Delhaize NV | 1,901,951 | 46,180 | |
Relx NV | 1,930,115 | 43,922 | |
ING Groep NV | 6,896,079 | 38,637 | |
Koninklijke DSM NV | 311,582 | 38,188 | |
Heineken NV | 418,145 | 35,590 | |
Wolters Kluwer NV | 468,103 | 34,477 | |
Akzo Nobel NV | 346,961 | 26,331 | |
* | Galapagos NV | 88,287 | 19,505 |
NN Group NV | 580,921 | 16,805 | |
Heineken Holding NV | 187,148 | 14,581 | |
Unibail-Rodamco-Westfield | 238,435 | 14,118 | |
Koninklijke KPN NV | 5,876,864 | 13,537 | |
ArcelorMittal SA | 1,059,490 | 11,573 | |
ASM International NV | 86,041 | 9,513 | |
IMCD NV | 93,769 | 8,280 | |
Aegon NV | 3,106,515 | 8,036 | |
Randstad NV | 195,555 | 7,870 | |
* | Koninklijke Vopak NV | 118,128 | 6,796 |
*,1 | Just Eat Takeaway.com NV | 64,918 | 6,673 |
ASR Nederland NV | 246,455 | 6,605 | |
1 | ABN AMRO Bank NV | 734,217 | 5,647 |
* | BE Semiconductor Industries NV | 126,985 | 5,255 |
* | Aalberts NV | 171,165 | 4,820 |
1 | Signify NV | 213,890 | 4,354 |
* | Altice Europe NV | 996,360 | 3,975 |
Corbion NV | 104,176 | 3,745 | |
SBM Offshore NV | 288,931 | 3,662 | |
TKH Group NV | 75,173 | 2,637 | |
Boskalis Westminster | 145,949 | 2,530 | |
1 | Intertrust NV | 153,999 | 2,424 |
*,1 | GrandVision NV | 86,891 | 2,312 |
APERAM SA | 83,822 | 2,172 | |
* | OCI NV | 170,164 | 2,055 |
* | Arcadis NV | 126,191 | 1,962 |
1 | Flow Traders | 49,333 | 1,646 |
PostNL NV | 790,694 | 1,362 | |
*,1 | Basic-Fit NV | 59,605 | 1,211 |
^ | NSI NV | 28,747 | 1,158 |
Eurocommercial Properties NV | 83,334 | 929 | |
TomTom NV | 117,770 | 927 | |
Sligro Food Group NV | 58,154 | 908 | |
^ | AMG Advanced Metallurgical Group NV | 53,778 | 905 |
* | Koninklijke BAM Groep NV | 441,893 | 738 |
* | Accell Group NV | 36,791 | 688 |
^ | Wereldhave NV | 71,554 | 630 |
*,^ | Fugro NV | 149,493 | 560 |
Vastned Retail NV | 29,666 | 547 | |
1 | NIBC Holding NV | 61,606 | 465 |
* | ForFarmers NV | 64,477 | 429 |
1 | B&S Group Sarl | 43,509 | 243 |
^ | Brunel International NV | 33,445 | 211 |
* | Altice Europe NV Class B | 32,580 | 130 |
968,402 | |||
Norway (1.2%) | |||
Equinor ASA | 1,745,283 | 24,167 | |
DNB SA | 1,847,682 | 22,372 |
10
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Telenor ASA | 1,146,656 | 17,589 | |
Mowi ASA | 752,930 | 12,895 | |
Orkla ASA | 1,358,557 | 12,272 | |
^ | Yara International ASA | 308,787 | 10,488 |
TOMRA Systems ASA | 192,633 | 6,401 | |
Norsk Hydro ASA | 2,360,449 | 5,988 | |
* | Gjensidige Forsikring ASA | 295,704 | 5,218 |
* | Bakkafrost P/F | 86,488 | 4,267 |
* | Storebrand ASA | 834,978 | 4,191 |
^,1 | Entra ASA | 289,741 | 3,648 |
Salmar ASA | 92,531 | 3,606 | |
Schibsted ASA Class B | 183,609 | 3,566 | |
* | Adevinta ASA | 393,814 | 3,271 |
Aker BP ASA | 193,850 | 3,183 | |
TGS NOPEC Geophysical Co. ASA | 199,521 | 3,056 | |
Schibsted ASA Class A | 129,781 | 2,753 | |
*,^ | Nel ASA | 2,132,081 | 2,609 |
Leroy Seafood Group ASA | 459,731 | 2,442 | |
* | Subsea 7 SA | 413,238 | 2,268 |
^,1 | Scatec Solar ASA | 148,597 | 2,163 |
* | SpareBank 1 SR-Bank ASA | 313,193 | 1,989 |
Kongsberg Gruppen ASA | 133,617 | 1,717 | |
Veidekke ASA | 190,914 | 1,695 | |
* | Borregaard ASA | 178,095 | 1,654 |
SpareBank 1 SMN | 219,323 | 1,594 | |
* | Nordic Semiconductor ASA | 260,626 | 1,529 |
* | Norwegian Finans Holding ASA | 279,263 | 1,490 |
Frontline Ltd. | 156,653 | 1,469 | |
Atea ASA | 142,694 | 1,249 | |
Austevoll Seafood ASA | 159,708 | 1,244 | |
*,^ | Aker ASA | 43,311 | 1,143 |
Grieg Seafood ASA | 98,178 | 963 | |
*,1 | Sbanken ASA | 154,038 | 820 |
1 | Elkem ASA | 461,741 | 768 |
Norway Royal Salmon ASA | 29,230 | 593 | |
^ | DNO ASA | 1,260,309 | 569 |
1 | BW LPG Ltd. | 155,038 | 529 |
* | BW Offshore Ltd. | 182,254 | 512 |
Sparebank 1 Oestlandet | 46,704 | 380 | |
Stolt-Nielsen Ltd. | 43,810 | 373 | |
^ | Ocean Yield ASA | 92,989 | 241 |
* | PGS ASA | 661,683 | 236 |
Wallenius Wilhelmsen ASA | 202,458 | 223 | |
*,1 | Aker Solutions ASA | 270,420 | 177 |
*,^ | Borr Drilling Ltd. | 149,625 | 105 |
*,^ | Norwegian Air Shuttle ASA | 82,009 | 71 |
* | BW Energy Ltd. | 37,190 | 46 |
181,792 | |||
Poland (0.5%) | |||
110,803 | 9,701 | ||
CD Projekt SA | |||
Polski Koncern Naftowy ORLEN SA | 545,094 | 8,274 | |
Powszechna Kasa Oszczednosci Bank Polski SA | 1,506,871 | 8,064 | |
Powszechny Zaklad Ubezpieczen SA | 987,237 | 7,287 | |
* | KGHM Polska Miedz SA | 243,533 | 4,581 |
*,1 | Dino Polska SA | 86,510 | 3,658 |
Bank Polska Kasa Opieki SA | 274,270 | 3,479 | |
Cyfrowy Polsat SA | 466,248 | 2,883 | |
Polskie Gornictwo Naftowe i Gazownictwo SA | 3,008,765 | 2,708 | |
Grupa Lotos SA | 177,340 | 2,691 | |
LPP SA | 1,351 | 2,129 | |
Santander Bank Polska SA | 52,623 | 2,092 | |
* | Orange Polska SA | 1,182,887 | 2,009 |
*,1 | PLAY Communications SA | 203,825 | 1,650 |
Asseco Poland SA | 100,290 | 1,621 |
11
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
* | PGE Polska Grupa Energetyczna SA | 1,308,712 | 1,309 | |||
* | mBank SA | 23,103 | 1,230 | |||
* | AmRest Holdings SE | 132,480 | 889 | |||
Eurocash SA | 145,911 | 757 | ||||
* | Energa SA | 399,172 | 748 | |||
* | Bank Millennium SA | 1,074,442 | 732 | |||
* | Kernel Holding SA | 71,518 | 692 | |||
* | Alior Bank SA | 175,583 | 644 | |||
^ | CCC SA | 50,288 | 635 | |||
KRUK SA | 31,347 | 596 | ||||
* | Grupa Azoty SA | 88,736 | 569 | |||
* | Enea SA | 401,899 | 543 | |||
Warsaw Stock Exchange | 51,430 | 504 | ||||
Bank Handlowy w Warszawie SA | 56,105 | 499 | ||||
* | Tauron Polska Energia SA | 1,788,120 | 491 | |||
* | Ciech SA | 49,878 | 480 | |||
^ | Jastrzebska Spolka Weglowa SA | 98,696 | 328 | |||
74,473 | ||||||
Portugal (0.3%) | ||||||
EDP - Energias de Portugal SA | 4,260,648 | 17,954 | ||||
Galp Energia SGPS SA | 919,502 | 10,612 | ||||
Jeronimo Martins SGPS SA | 434,681 | 7,369 | ||||
EDP Renovaveis SA | 280,865 | 3,444 | ||||
REN - Redes Energeticas Nacionais SGPS SA | 661,667 | 1,792 | ||||
Banco Comercial Portugues SA | 13,749,827 | 1,538 | ||||
Nos Sgps SA | 391,327 | 1,466 | ||||
Sonae SGPS SA | 1,580,892 | 1,249 | ||||
Navigator Co. SA | 407,924 | 1,060 | ||||
Corticeira Amorim SGPS SA | 65,069 | 686 | ||||
Altri SGPS SA | 126,598 | 668 | ||||
CTT-Correios de Portugal SA | 269,349 | 636 | ||||
* | Semapa-Sociedade de Investimento e Gestao | 36,401 | 359 | |||
Mota-Engil SGPS SA | 157,282 | 198 | ||||
* | Banco Espirito Santo SA | 8,371,877 | 19 | |||
49,050 | ||||||
Spain (3.8%) | ||||||
* | Iberdrola SA | 10,476,819 | 104,222 | |||
Banco Santander SA | 29,037,646 | 64,882 | ||||
Industria de Diseno Textil SA | 1,859,712 | 47,632 | ||||
Banco Bilbao Vizcaya Argentaria SA | 11,704,610 | 38,260 | ||||
Telefonica SA | 8,022,010 | 36,681 | ||||
Amadeus IT Group SA | 718,855 | 34,313 | ||||
1 | Cellnex Telecom SA | 478,067 | 25,005 | |||
* | Repsol SA | 2,411,303 | 21,887 | |||
* | Ferrovial SA | 836,537 | 20,947 | |||
Grifols SA | 585,422 | 19,979 | ||||
*,1 | Aena SME SA | 124,473 | 15,757 | |||
Red Electrica Corp. SA | 764,902 | 13,464 | ||||
Endesa SA | 560,810 | 12,439 | ||||
CaixaBank SA | 6,359,190 | 11,441 | ||||
* | ACS Actividades de Construccion y Servicios SA | 427,841 | 10,699 | |||
Enagas SA | 440,939 | 10,292 | ||||
Naturgy Energy Group SA | 528,351 | 9,335 | ||||
* | Siemens Gamesa Renewable Energy SA | 396,223 | 5,894 | |||
Inmobiliaria Colonial Socimi SA | 580,470 | 5,607 | ||||
Merlin Properties Socimi SA | 587,362 | 5,451 | ||||
Bolsas y Mercados Espanoles SHMSF SA | 137,518 | 5,018 | ||||
Bankinter SA | 1,208,131 | 4,987 | ||||
Viscofan SA | 69,412 | 4,448 | ||||
^ | Banco de Sabadell SA | 9,915,857 | 4,111 | |||
Acciona SA | 36,488 | 3,616 | ||||
Mapfre SA | 1,735,379 | 3,184 | ||||
Ebro Foods SA | 136,379 | 2,902 | ||||
* | Masmovil Ibercom SA | 151,265 | 2,856 |
12 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Acerinox SA | 295,247 | 2,224 | ||||
Faes Farma SA | 508,654 | 2,224 | ||||
Zardoya Otis SA | 312,089 | 2,172 | ||||
Bankia SA | 2,130,951 | 2,169 | ||||
Cia de Distribucion Integral Logista Holdings SA | 105,779 | 1,888 | ||||
* | Indra Sistemas SA | 218,100 | 1,881 | |||
* | Pharma Mar SA | 291,072 | 1,740 | |||
Applus Services SA | 253,426 | 1,663 | ||||
CIE Automotive SA | 93,474 | 1,629 | ||||
*,^ | Almirall SA | 106,311 | 1,371 | |||
1 | Euskaltel SA | 170,376 | 1,358 | |||
* | Fluidra SA | 111,187 | 1,239 | |||
* | Sacyr SA | 631,576 | 1,184 | |||
*,1 | Neinor Homes SA | 133,895 | 1,173 | |||
Construcciones y Auxiliar de Ferrocarriles SA | 33,570 | 1,149 | ||||
Prosegur Cia de Seguridad SA | 461,914 | 1,019 | ||||
* | Mediaset Espana Comunicacion SA | 269,185 | 965 | |||
Melia Hotels International SA | 200,011 | 918 | ||||
^ | Ence Energia y Celulosa SA | 234,418 | 753 | |||
1 | Unicaja Banco SA | 1,374,069 | 743 | |||
* | Tecnicas Reunidas SA | 48,435 | 742 | |||
1 | Gestamp Automocion SA | 273,103 | 684 | |||
*,1 | Global Dominion Access SA | 219,978 | 677 | |||
*,1 | Aedas Homes SA | 39,577 | 605 | |||
1 | Prosegur Cash SA | 691,271 | 603 | |||
*,^ | Promotora de Informaciones SA | 783,679 | 518 | |||
Liberbank SA | 2,513,569 | 503 | ||||
Lar Espana Real Estate Socimi SA | 118,587 | 486 | ||||
^,1 | Metrovacesa SA | 85,437 | 471 | |||
*,^ | Distribuidora Internacional de Alimentacion SA | 3,071,785 | 445 | |||
Atresmedia Corp. de Medios de Comunicacion SA | 148,376 | 384 | ||||
NH Hotel Group SA | 46,535 | 164 | ||||
Grifols SA Preference Shares | 378 | 8 | ||||
581,061 | ||||||
Sweden (5.0%) | ||||||
Investor AB Class B | 919,351 | 45,690 | ||||
Telefonaktiebolaget LM Ericsson Class B | 5,252,349 | 44,872 | ||||
^ | Atlas Copco AB Class A | 1,115,855 | 38,457 | |||
* | Essity AB Class B | 1,074,719 | 34,814 | |||
* | Volvo AB Class B | 2,643,097 | 33,870 | |||
* | Sandvik AB | 1,900,859 | 29,242 | |||
*,^ | Assa Abloy AB Class B | 1,620,728 | 29,014 | |||
* | Svenska Handelsbanken AB Class A | 2,644,693 | 24,139 | |||
* | Hexagon AB Class B | 449,031 | 22,035 | |||
* | Skandinaviska Enskilda Banken AB Class A | 2,577,825 | 21,222 | |||
Hennes & Mauritz AB Class B | 1,550,560 | 21,196 | ||||
* | Swedbank AB Class A | 1,770,541 | 20,953 | |||
^ | Atlas Copco AB Class B | 661,194 | 20,452 | |||
Swedish Match AB | 289,784 | 17,908 | ||||
Telia Co. AB | 4,610,754 | 16,031 | ||||
Tele2 AB | 943,241 | 12,163 | ||||
* | Skanska AB Class B | 629,705 | 11,981 | |||
* | Svenska Cellulosa AB SCA Class B | 1,086,551 | 11,525 | |||
Epiroc AB Class A | 1,151,552 | 11,524 | ||||
SKF AB | 673,735 | 10,634 | ||||
* | Alfa Laval AB | 552,764 | 10,329 | |||
1 | Evolution Gaming Group AB | 218,193 | 9,992 | |||
Nibe Industrier AB Class B | 530,750 | 9,902 | ||||
^ | Boliden AB | 482,863 | 9,733 | |||
Kinnevik AB | 424,026 | 8,715 | ||||
Castellum AB | 479,139 | 8,404 | ||||
* | Industrivarden AB Class A | 399,385 | 8,196 | |||
Lundin Energy AB | 307,478 | 7,911 | ||||
* | Getinge AB | 393,443 | 7,541 |
13 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
* | Fastighets AB Balder Class B | 173,318 | 6,849 | |||
^ | Securitas AB Class B | 543,505 | 6,431 | |||
Epiroc AB Class B | 628,396 | 6,200 | ||||
*,^ | ICA Gruppen AB | 137,441 | 6,014 | |||
* | Swedish Orphan Biovitrum AB | 311,838 | 5,975 | |||
Electrolux AB Class B | 422,328 | 5,775 | ||||
Investor AB Class A | 116,442 | 5,745 | ||||
Elekta AB Class B | 629,696 | 5,721 | ||||
Fabege AB | 473,972 | 5,615 | ||||
* | L E Lundbergforetagen AB Class B | 131,299 | 5,513 | |||
* | Trelleborg AB Class B | 428,417 | 5,455 | |||
* | Industrivarden AB Class C | 264,016 | 5,403 | |||
Indutrade AB | 164,997 | 5,304 | ||||
AAK AB | 303,064 | 4,950 | ||||
* | Holmen AB | 171,298 | 4,915 | |||
* | EQT AB | 346,804 | 4,792 | |||
Husqvarna AB | 708,441 | 4,263 | ||||
* | Sweco AB Class B | 118,238 | 4,040 | |||
Axfood AB | 185,325 | 3,942 | ||||
BillerudKorsnas AB | 309,852 | 3,906 | ||||
* | Lifco AB Class B | 80,619 | 3,811 | |||
* | Saab AB Class B | 164,777 | 3,759 | |||
1 | Thule Group AB | 186,366 | 3,475 | |||
*,1 | Dometic Group AB | 516,969 | 3,455 | |||
* | Wihlborgs Fastigheter AB | 238,184 | 3,399 | |||
Loomis AB Class B | 133,428 | 3,254 | ||||
^ | Investment AB Latour Class B | 211,906 | 3,168 | |||
AF POYRY AB | 173,721 | 3,156 | ||||
*,^ | Samhallsbyggnadsbolaget i Norden AB Ordinary Shares | 1,626,002 | 3,149 | |||
* | Hexpol AB | 436,775 | 3,138 | |||
Wallenstam AB | 293,493 | 3,044 | ||||
*,1 | Bravida Holding AB | 353,541 | 2,854 | |||
Nordic Entertainment Group AB Class B | 115,996 | 2,749 | ||||
Peab AB Class B | 353,954 | 2,696 | ||||
Avanza Bank Holding AB | 218,417 | 2,639 | ||||
*,^ | SSAB AB Class B | 1,130,994 | 2,614 | |||
Kungsleden AB | 337,874 | 2,573 | ||||
NCC AB Class B | 167,307 | 2,551 | ||||
Hufvudstaden AB Class A | 194,092 | 2,487 | ||||
^ | Jm Ab | 125,850 | 2,332 | |||
Beijer Ref AB | 111,616 | 2,293 | ||||
* | AddTech AB | 82,415 | 2,234 | |||
Mycronic AB | 122,527 | 2,047 | ||||
Vitrolife AB | 112,662 | 2,044 | ||||
*,^ | Intrum AB | 132,330 | 2,017 | |||
Arjo AB | 401,698 | 1,984 | ||||
* | Sectra AB Class B | 45,546 | 1,936 | |||
* | Nyfosa AB | 284,489 | 1,742 | |||
* | Pandox AB Class B | 157,645 | 1,670 | |||
Bure Equity AB | 89,701 | 1,638 | ||||
Nolato AB Class B | 30,309 | 1,593 | ||||
Klovern AB | 1,101,935 | 1,488 | ||||
* | Betsson AB | 215,497 | 1,214 | |||
* | Modern Times Group MTG AB Class B | 119,095 | 1,198 | |||
* | Catena AB | 37,018 | 1,178 | |||
* | NetEnt AB | 330,856 | 1,143 | |||
Atrium Ljungberg AB | 81,333 | 1,127 | ||||
Lindab International AB | 117,926 | 1,081 | ||||
* | Electrolux Professional AB Class B | 426,724 | 982 | |||
1 | Resurs Holding AB | 255,683 | 941 | |||
* | Bilia AB | 136,325 | 925 | |||
* | Cloetta AB | 380,229 | 876 | |||
Ratos AB | 363,737 | 861 | ||||
* | SSAB AB Class A | 317,987 | 764 |
14 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Telefonaktiebolaget LM Ericsson Class A | 80,063 | 756 | ||||
Nobia AB | 202,001 | 755 | ||||
Bonava AB | 152,080 | 737 | ||||
*,^ | Concentric AB | 65,040 | 733 | |||
SkiStar AB | 78,753 | 732 | ||||
*,^ | Hansa Biopharma AB | 60,924 | 731 | |||
*,1 | Munters Group AB | 162,668 | 684 | |||
*,1 | Attendo AB | 165,222 | 628 | |||
Clas Ohlson AB | 70,639 | 620 | ||||
^,1 | Scandic Hotels Group AB | 129,934 | 595 | |||
Dios Fastigheter AB | 95,584 | 589 | ||||
Sagax AB | 198,963 | 586 | ||||
Investment AB Oresund | 52,839 | 549 | ||||
* | Adapteo Oyj | 74,914 | 537 | |||
Klovern AB Preference Shares | 16,053 | 496 | ||||
* | Mekonomen AB | 77,078 | 399 | |||
* | Svenska Handelsbanken AB Class B | 34,318 | 343 | |||
*,^ | SAS AB | 338,280 | 316 | |||
Samhallsbyggnadsbolaget i Norden AB | 76,576 | 207 | ||||
* | Collector AB | 121,229 | 186 | |||
Ncc Ab Class A | 10,104 | 154 | ||||
Sagax AB Preference Shares | 4,825 | 17 | ||||
771,882 | ||||||
Switzerland (16.1%) | ||||||
Nestle SA | 5,108,530 | 541,045 | ||||
Roche Holding AG | 1,252,124 | 433,607 | ||||
Novartis AG | 3,761,064 | 320,963 | ||||
Zurich Insurance Group AG | 261,560 | 82,929 | ||||
UBS Group AG | 5,980,708 | 64,038 | ||||
ABB Ltd. | 3,156,660 | 59,921 | ||||
* | Lonza Group AG | 130,987 | 57,198 | |||
Givaudan SA | 16,342 | 54,799 | ||||
Cie Financiere Richemont SA | 901,851 | 51,165 | ||||
* | Alcon Inc. | 811,501 | 42,829 | |||
* | Sika AG | 245,598 | 40,624 | |||
Credit Suisse Group AG | 4,359,008 | 39,801 | ||||
^ | SWISS RE AG | 490,485 | 35,642 | |||
Geberit AG | 63,140 | 28,236 | ||||
SGS SA-REG | 10,525 | 23,741 | ||||
^ | Swisscom AG | 45,082 | 23,424 | |||
Partners Group Holding AG | 29,256 | 23,055 | ||||
Swiss Life Holding AG | 58,706 | 20,819 | ||||
LafargeHolcim Ltd. (XSWX) | 478,778 | 19,885 | ||||
Chocoladefabriken Lindt & Spruengli AG (Registered) | 213 | 17,883 | ||||
LafargeHolcim Ltd. (XPAR) | 415,132 | 17,360 | ||||
Sonova Holding AG | 94,624 | 17,090 | ||||
Schindler Holding AG | 68,000 | 15,134 | ||||
* | Julius Baer Group Ltd. | 383,084 | 15,046 | |||
Temenos AG | 105,376 | 13,655 | ||||
Straumann Holding AG | 17,746 | 13,502 | ||||
Swiss Prime Site AG | 134,257 | 12,782 | ||||
Kuehne & Nagel International AG | 89,133 | 12,750 | ||||
Logitech International SA | 259,116 | 12,480 | ||||
Baloise Holding AG | 82,698 | 12,373 | ||||
Vifor Pharma AG | 78,811 | 11,824 | ||||
Adecco Group AG | 270,048 | 11,817 | ||||
Chocoladefabriken Lindt & Spruengli AG | 1,445 | 11,257 | ||||
Barry Callebaut AG | 4,827 | 9,451 | ||||
Swatch Group AG (Bearer) | 45,710 | 9,172 | ||||
EMS-Chemie Holding AG | 12,621 | 8,162 | ||||
PSP Swiss Property AG | 69,975 | 8,129 | ||||
Schindler Holding AG (Registered) | 37,762 | 8,121 | ||||
Roche Holding AG (Bearer) | 23,159 | 8,043 | ||||
1 | VAT Group AG | 45,675 | 7,538 |
15 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
* | SIG Combibloc Group AG | 451,773 | 7,317 | |||
Tecan Group AG | 20,792 | 6,694 | ||||
* | Clariant AG | 356,842 | 6,596 | |||
1 | Galenica AG | 84,359 | 6,041 | |||
* | ams AG | 445,305 | 5,845 | |||
Belimo Holding AG | 838 | 5,579 | ||||
* | Georg Fischer AG | 7,355 | 5,489 | |||
Helvetia Holding AG | 57,775 | 5,267 | ||||
*,1 | Sunrise Communications Group AG | 60,017 | 4,807 | |||
* | Cembra Money Bank AG | 50,502 | 4,801 | |||
Pargesa Holding SA | 65,252 | 4,642 | ||||
* | Allreal Holding AG | 24,745 | 4,596 | |||
* | Idorsia Ltd. | 158,273 | 4,586 | |||
Banque Cantonale Vaudoise | 4,841 | 4,274 | ||||
* | Flughafen Zurich AG | 33,643 | 4,161 | |||
* | DKSH Holding AG | 63,402 | 3,570 | |||
* | Siegfried Holding AG | 7,181 | 3,273 | |||
Swatch Group AG (Registered) | 83,310 | 3,239 | ||||
Emmi AG | 3,456 | 3,175 | ||||
* | Bucher Industries AG | 11,247 | 3,172 | |||
* | Mobimo Holding AG | 11,285 | 3,111 | |||
Landis&Gyr Group AG | 44,246 | 2,988 | ||||
dormakaba Holding AG | 5,391 | 2,690 | ||||
Valiant Holding AG | 27,169 | 2,624 | ||||
^ | OC Oerlikon Corp. AG | 346,981 | 2,606 | |||
*,^ | Stadler Rail AG | 59,328 | 2,592 | |||
BKW AG | 31,818 | 2,581 | ||||
^ | Vontobel Holding AG | 49,605 | 2,576 | |||
Bachem Holding AG | 10,175 | 2,404 | ||||
SFS Group AG | 29,872 | 2,364 | ||||
Inficon Holding AG | 3,370 | 2,278 | ||||
Daetwyler Holding AG | 12,980 | 2,225 | ||||
Sulzer AG | 31,321 | 2,215 | ||||
Forbo Holding AG | 1,636 | 2,197 | ||||
Huber & Suhner AG | 30,740 | 1,963 | ||||
Interroll Holding AG | 1,016 | 1,932 | ||||
Conzzeta AG | 2,249 | 1,927 | ||||
* | St. Galler Kantonalbank AG | 4,147 | 1,791 | |||
Berner Kantonalbank AG | 7,470 | 1,742 | ||||
* | Comet Holding AG | 12,949 | 1,735 | |||
* | VZ Holding AG | 23,662 | 1,652 | |||
Dufry AG | 50,182 | 1,643 | ||||
* | Schweiter Technologies AG | 1,513 | 1,501 | |||
* | Kardex AG | 10,241 | 1,479 | |||
Burckhardt Compression Holding AG | 5,551 | 1,126 | ||||
LEM Holding SA | 865 | 1,119 | ||||
Implenia AG | 26,960 | 1,103 | ||||
* | Vetropack Holding AG | 370 | 1,089 | |||
Liechtensteinische Landesbank AG | 18,815 | 1,072 | ||||
* | Valora Holding AG | 5,642 | 1,013 | |||
Swissquote Group Holding SA | 15,183 | 986 | ||||
*,^ | Basilea Pharmaceutica AG | 19,123 | 964 | |||
Intershop Holding AG | 1,848 | 949 | ||||
*,^ | Komax Holding AG | 6,406 | 929 | |||
* | Bell Food Group AG | 3,390 | 866 | |||
ALSO Holding AG | 4,204 | 865 | ||||
*,^ | COSMO Pharmaceuticals NV | 11,334 | 863 | |||
* | EFG International AG | 133,014 | 826 | |||
* | u-blox Holding AG | 10,899 | 763 | |||
^ | Ypsomed Holding AG | 5,374 | 705 | |||
^ | Bobst Group SA | 13,548 | 676 | |||
* | Aryzta AG (XVTX) | 1,639,422 | 666 | |||
Zehnder Group AG | 16,646 | 652 | ||||
* | Arbonia AG | 75,825 | 643 |
16 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
*,1 | Medacta Group SA | 8,813 | 613 | |||
Leonteq AG | 16,914 | 608 | ||||
* | GAM Holding AG | 268,957 | 565 | |||
* | VP Bank AG | 4,123 | 545 | |||
* | Rieter Holding AG | 5,340 | 521 | |||
* | Ascom Holding AG | 68,161 | 517 | |||
* | Bossard Holding AG | 4,088 | 510 | |||
* | Hiag Immobilien Holding AG | 5,170 | 473 | |||
*,^ | Autoneum Holding AG | 5,325 | 468 | |||
*,§ | Alpiq Holding AG | 5,434 | 394 | |||
APG SGA SA | 1,825 | 335 | ||||
*,§ | Aryzta AG (XLON) | 24,200 | 8 | |||
2,390,662 | ||||||
United Kingdom (24.3%) | ||||||
AstraZeneca plc | 2,320,434 | 242,701 | ||||
HSBC Holdings plc | 35,791,273 | 183,967 | ||||
GlaxoSmithKline plc | 8,665,185 | 180,780 | ||||
British American Tobacco plc | 3,873,640 | 149,308 | ||||
Diageo plc | 4,075,873 | 140,333 | ||||
BP plc | 35,214,101 | 138,759 | ||||
Royal Dutch Shell plc Class B | 6,621,609 | 106,004 | ||||
Royal Dutch Shell plc Class A (XLON) | 6,104,945 | 100,514 | ||||
Unilever plc | 1,925,351 | 99,141 | ||||
Reckitt Benckiser Group plc | 1,111,927 | 92,624 | ||||
Rio Tinto plc | 1,943,300 | 90,206 | ||||
National Grid plc | 6,149,352 | 72,063 | ||||
Vodafone Group plc | 47,457,622 | 66,948 | ||||
Prudential plc | 4,594,225 | 64,813 | ||||
BHP Group plc | 3,674,380 | 61,675 | ||||
London Stock Exchange Group plc | 554,058 | 51,859 | ||||
Tesco plc | 17,111,734 | 50,614 | ||||
Lloyds Banking Group plc | 123,603,327 | 50,011 | ||||
Experian plc | 1,604,788 | 48,193 | ||||
Compass Group plc | 2,802,174 | 47,154 | ||||
Barclays plc | 30,392,157 | 40,583 | ||||
Anglo American plc | 2,179,709 | 38,767 | ||||
BAE Systems plc | 5,661,243 | 36,110 | ||||
Glencore plc | 19,136,443 | 35,851 | ||||
Imperial Brands plc | 1,685,103 | 35,452 | ||||
RELX plc | 1,393,019 | 31,429 | ||||
Smith & Nephew plc | 1,547,628 | 30,286 | ||||
Ferguson plc | 401,311 | 28,936 | ||||
SSE plc | 1,832,100 | 28,737 | ||||
Legal & General Group plc | 10,465,146 | 26,906 | ||||
Standard Chartered plc | 4,657,003 | 23,796 | ||||
BT Group plc | 15,441,313 | 22,506 | ||||
Ashtead Group plc | 794,694 | 21,707 | ||||
Aviva plc | 6,899,096 | 20,864 | ||||
Segro plc | 1,935,590 | 20,288 | ||||
Royal Dutch Shell plc Class A (XAMS) | 1,191,185 | 19,910 | ||||
Rentokil Initial plc | 3,283,686 | 19,537 | ||||
Halma plc | 671,380 | 17,651 | ||||
Intertek Group plc | 285,283 | 17,026 | ||||
3i Group plc | 1,687,946 | 16,582 | ||||
WPP plc | 2,123,674 | 16,478 | ||||
* | Ocado Group plc | 801,834 | 16,195 | |||
Persimmon plc | 561,922 | 15,569 | ||||
Sage Group plc | 1,921,507 | 15,454 | ||||
Mondi plc | 858,966 | 15,169 | ||||
InterContinental Hotels Group plc | 321,910 | 14,664 | ||||
Associated British Foods plc | 614,732 | 14,593 | ||||
Spirax-Sarco Engineering plc | 129,867 | 14,213 | ||||
United Utilities Group plc | 1,207,652 | 13,671 | ||||
Croda International plc | 219,912 | 13,485 |
17 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Next plc | 226,433 | 13,482 | ||||
Informa plc | 2,423,223 | 13,386 | ||||
Smurfit Kappa Group plc | 421,260 | 13,253 | ||||
Bunzl plc | 595,824 | 12,932 | ||||
Severn Trent plc | 421,103 | 12,636 | ||||
Rolls-Royce Holdings plc | 3,050,923 | 12,628 | ||||
DCC plc | 174,197 | 12,387 | ||||
Burberry Group plc | 710,671 | 12,340 | ||||
Polymetal International plc | 591,770 | 12,119 | ||||
*,1 | Just Eat Takeaway | 116,581 | 11,937 | |||
Barratt Developments plc | 1,787,026 | 11,650 | ||||
Standard Life Aberdeen plc | 4,100,560 | 11,357 | ||||
Royal Bank of Scotland Group plc | 8,023,889 | 11,194 | ||||
Smiths Group plc | 701,803 | 10,927 | ||||
Berkeley Group Holdings plc | 207,532 | 10,894 | ||||
CRH plc (XLON) | 356,521 | 10,749 | ||||
Taylor Wimpey plc | 5,770,870 | 10,658 | ||||
Admiral Group plc | 364,858 | 10,647 | ||||
Melrose Industries plc | 8,491,523 | 10,614 | ||||
Land Securities Group plc | 1,263,489 | 10,536 | ||||
Pennon Group plc | 745,299 | 10,263 | ||||
St. James's Place plc | 928,736 | 9,889 | ||||
Hargreaves Lansdown plc | 539,217 | 9,757 | ||||
Rightmove plc | 1,552,077 | 9,704 | ||||
GVC Holdings plc | 1,019,892 | 9,681 | ||||
1 | Auto Trader Group plc | 1,611,263 | 9,275 | |||
Wm Morrison Supermarkets plc | 3,917,729 | 9,004 | ||||
DS Smith plc | 2,258,692 | 8,856 | ||||
Whitbread plc | 236,067 | 8,856 | ||||
Coca-Cola HBC AG | 343,006 | 8,691 | ||||
Johnson Matthey plc | 336,080 | 8,421 | ||||
British Land Co. plc | 1,646,052 | 8,397 | ||||
Direct Line Insurance Group plc | 2,437,969 | 8,306 | ||||
RSA Insurance Group plc | 1,827,738 | 8,284 | ||||
Pearson plc | 1,360,152 | 7,844 | ||||
M&G plc | 4,600,319 | 7,627 | ||||
Tate & Lyle plc | 838,467 | 7,513 | ||||
Hikma Pharmaceuticals plc | 250,369 | 7,457 | ||||
Kingfisher plc | 3,723,332 | 7,386 | ||||
Bellway plc | 217,594 | 7,281 | ||||
J Sainsbury plc | 2,883,606 | 7,177 | ||||
Phoenix Group Holdings plc | 932,379 | 7,075 | ||||
Derwent London plc | 179,320 | 7,007 | ||||
1 | ConvaTec Group plc | 2,606,989 | 6,963 | |||
Spectris plc | 205,277 | 6,922 | ||||
Intermediate Capital Group plc | 488,951 | 6,917 | ||||
HomeServe plc | 489,553 | 6,858 | ||||
Howden Joinery Group plc | 1,023,321 | 6,748 | ||||
Schroders plc | 197,624 | 6,601 | ||||
ITV plc | 6,598,907 | 6,336 | ||||
B&M European Value Retail SA | 1,504,493 | 6,292 | ||||
Antofagasta plc | 610,176 | 6,248 | ||||
Dechra Pharmaceuticals plc | 177,202 | 6,168 | ||||
British American Tobacco plc ADR | 161,443 | 6,159 | ||||
IG Group Holdings plc | 638,755 | 6,054 | ||||
Travis Perkins plc | 448,535 | 5,857 | ||||
Electrocomponents plc | 788,274 | 5,726 | ||||
UNITE Group plc | 511,483 | 5,648 | ||||
1 | Avast plc | 950,397 | 5,474 | |||
Weir Group plc | 456,425 | 5,455 | ||||
Centrica plc | 10,262,735 | 5,133 | ||||
1 | Quilter plc | 3,300,078 | 5,104 | |||
AVEVA Group plc | 111,543 | 5,006 | ||||
Genus plc | 115,363 | 4,956 |
18 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000) |
IMI plc | 475,111 | 4,940 | ||||
JD Sports Fashion plc | 727,704 | 4,824 | ||||
Meggitt plc | 1,372,870 | 4,807 | ||||
Rotork plc | 1,540,899 | 4,804 | ||||
Tritax Big Box REIT plc | 3,054,946 | 4,637 | ||||
Beazley plc | 917,135 | 4,535 | ||||
Inchcape plc | 711,903 | 4,484 | ||||
Man Group PLC | 2,633,448 | 4,412 | ||||
Games Workshop Group plc | 57,892 | 4,382 | ||||
Hiscox Ltd. | 493,342 | 4,340 | ||||
Britvic plc | 467,413 | 4,302 | ||||
TP ICAP plc | 997,991 | 4,261 | ||||
Cranswick plc | 90,991 | 4,256 | ||||
Diploma plc | 194,278 | 4,211 | ||||
*,1 | Network International Holdings plc | 786,743 | 4,103 | |||
Assura plc | 4,243,693 | 4,070 | ||||
1 | Countryside Properties plc | 794,330 | 4,047 | |||
Marks & Spencer Group plc | 3,448,016 | 4,017 | ||||
Greggs plc | 174,111 | 4,005 | ||||
1 | John Laing Group plc | 867,268 | 3,979 | |||
Balfour Beatty plc | 1,207,924 | 3,931 | ||||
Great Portland Estates plc | 454,662 | 3,873 | ||||
Primary Health Properties plc | 1,996,585 | 3,867 | ||||
*,1 | Trainline plc | 802,066 | 3,833 | |||
G4S plc | 2,745,968 | 3,770 | ||||
Carnival plc | 270,330 | 3,725 | ||||
Centamin plc | 1,918,275 | 3,714 | ||||
Close Brothers Group plc | 270,827 | 3,714 | ||||
QinetiQ Group plc | 969,176 | 3,706 | ||||
Big Yellow Group plc | 274,090 | 3,689 | ||||
Moneysupermarket.com Group plc | 925,888 | 3,689 | ||||
Vistry Group plc | 360,114 | 3,657 | ||||
Grainger plc | 1,084,551 | 3,644 | ||||
Signature Aviation plc | 1,475,631 | 3,624 | ||||
Victrex plc | 143,531 | 3,596 | ||||
LondonMetric Property plc | 1,455,946 | 3,557 | ||||
IWG plc | 1,181,498 | 3,533 | ||||
Domino's Pizza Group plc | 813,565 | 3,526 | ||||
* | Serco Group plc | 2,167,635 | 3,509 | |||
UDG Healthcare plc | 440,641 | 3,478 | ||||
Ashmore Group plc | 725,672 | 3,460 | ||||
Royal Mail plc | 1,619,699 | 3,380 | ||||
Safestore Holdings plc | 367,688 | 3,326 | ||||
SSP Group plc | 927,850 | 3,279 | ||||
Hays plc | 2,391,848 | 3,259 | ||||
Evraz plc | 968,274 | 3,209 | ||||
Spirent Communications plc | 1,060,358 | 3,208 | ||||
Softcat plc | 219,543 | 3,117 | ||||
Grafton Group plc | 387,012 | 3,088 | ||||
Ultra Electronics Holdings plc | 124,378 | 3,079 | ||||
Shaftesbury plc | 398,296 | 3,008 | ||||
Plus500 Ltd. | 187,331 | 2,936 | ||||
John Wood Group plc | 1,155,876 | 2,927 | ||||
Fresnillo plc | 326,708 | 2,902 | ||||
WH Smith plc | 183,163 | 2,891 | ||||
Savills plc | 237,408 | 2,890 | ||||
Marshalls plc | 350,174 | 2,805 | ||||
Lancashire Holdings Ltd. | 358,328 | 2,757 | ||||
Capital & Counties Properties plc | 1,318,844 | 2,754 | ||||
Pets at Home Group plc | 847,560 | 2,714 | ||||
Renishaw plc | 61,048 | 2,702 | ||||
Micro Focus International plc | 444,738 | 2,637 | ||||
Pagegroup plc | 556,231 | 2,633 | ||||
easyJet plc | 347,013 | 2,629 |
19 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
National Express Group plc | 740,779 | 2,549 | ||||
Aggreko plc | 428,035 | 2,468 | ||||
Bodycote plc | 335,622 | 2,455 | ||||
Babcock International Group plc | 455,201 | 2,411 | ||||
Investec plc | 1,171,367 | 2,404 | ||||
IntegraFin Holdings plc | 382,696 | 2,387 | ||||
Redrow plc | 408,410 | 2,373 | ||||
Workspace Group plc | 237,113 | 2,335 | ||||
Computacenter plc | 126,009 | 2,303 | ||||
AJ Bell plc | 460,054 | 2,280 | ||||
1 | Ascential plc | 706,819 | 2,245 | |||
Mediclinic International plc | 688,929 | 2,240 | ||||
Daily Mail & General Trust plc | 251,667 | 2,235 | ||||
William Hill plc | 1,539,423 | 2,207 | ||||
International Consolidated Airlines Group SA (London Shares) | 789,854 | 2,203 | ||||
Synthomer plc | 601,337 | 2,143 | ||||
* | Virgin Money UK plc | 2,187,639 | 2,086 | |||
Future plc | 159,528 | 2,067 | ||||
Jupiter Fund Management plc | 748,589 | 2,058 | ||||
OneSavings Bank plc | 666,276 | 2,045 | ||||
KAZ Minerals plc | 392,761 | 2,043 | ||||
Polypipe Group plc | 324,012 | 2,033 | ||||
Dunelm Group plc | 174,640 | 2,018 | ||||
Hill & Smith Holdings plc | 138,723 | 2,011 | ||||
Sanne Group plc | 243,002 | 1,980 | ||||
Vesuvius plc | 382,142 | 1,926 | ||||
*,1 | Wizz Air Holdings plc | 52,971 | 1,914 | |||
Paragon Banking Group plc | 453,544 | 1,899 | ||||
Rathbone Brothers plc | 99,086 | 1,884 | ||||
Drax Group plc | 699,480 | 1,834 | ||||
Greencore Group plc | 791,171 | 1,812 | ||||
* | Firstgroup plc | 2,140,251 | 1,802 | |||
Brewin Dolphin Holdings plc | 515,718 | 1,777 | ||||
Dixons Carphone plc | 1,789,668 | 1,740 | ||||
1 | Ibstock plc | 675,366 | 1,708 | |||
Telecom Plus plc | 101,882 | 1,698 | ||||
Essentra plc | 471,274 | 1,654 | ||||
Playtech plc | 550,398 | 1,615 | ||||
^ | TUI AG (XLON) | 389,034 | 1,550 | |||
Cineworld Group plc | 1,813,844 | 1,495 | ||||
Rhi Magnesita NV | 48,662 | 1,495 | ||||
J D Wetherspoon plc | 125,535 | 1,494 | ||||
* | Cairn Energy plc | 1,037,828 | 1,462 | |||
Coats Group plc | 2,508,398 | 1,451 | ||||
* | Capita plc | 2,956,422 | 1,448 | |||
St. Modwen Properties plc | 309,205 | 1,433 | ||||
Crest Nicholson Holdings plc | 441,993 | 1,424 | ||||
Morgan Advanced Materials plc | 507,479 | 1,400 | ||||
* | Just Group plc | 1,845,860 | 1,291 | |||
* | Ninety One plc | 598,678 | 1,280 | |||
Go-Ahead Group plc | 74,560 | 1,258 | ||||
Chemring Group plc | 498,755 | 1,241 | ||||
1 | Hastings Group Holdings plc | 538,943 | 1,235 | |||
^,1 | Equiniti Group plc | 567,175 | 1,223 | |||
TalkTalk Telecom Group plc | 1,173,581 | 1,219 | ||||
Sirius Real Estate Ltd. | 1,372,792 | 1,218 | ||||
Hammerson plc | 1,366,507 | 1,211 | ||||
^ | Petrofac Ltd. | 471,029 | 1,166 | |||
Vectura Group plc | 1,073,960 | 1,147 | ||||
Clarkson plc | 36,409 | 1,143 | ||||
Provident Financial plc | 453,572 | 1,106 | ||||
* | Frasers Group plc | 330,697 | 1,082 | |||
Keller Group plc | 129,209 | 998 | ||||
Redde Northgate plc | 439,361 | 991 |
20 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
UK Commercial Property REIT Ltd. | 1,151,784 | 981 | ||||
NCC Group plc | 456,412 | 943 | ||||
AG Barr plc | 147,802 | 918 | ||||
Ferrexpo plc | 534,535 | 905 | ||||
Elementis plc | 1,019,792 | 898 | ||||
* | Mitchells & Butlers plc | 392,901 | 878 | |||
BMO Commercial Property Trust Ltd. | 907,840 | 870 | ||||
888 Holdings plc | 475,852 | 864 | ||||
Bank of Georgia Group plc | 67,315 | 845 | ||||
1 | McCarthy & Stone plc | 945,578 | 842 | |||
Picton Property Income Ltd. | 956,144 | 827 | ||||
* | Indivior plc | 1,311,534 | 815 | |||
Tullow Oil plc | 2,498,529 | 811 | ||||
Helical plc | 175,778 | 798 | ||||
Hochschild Mining plc | 454,089 | 792 | ||||
Micro Focus International plc ADR | 131,091 | 777 | ||||
PZ Cussons plc | 321,063 | 756 | ||||
*,^ | Energean Oil & Gas plc | 87,479 | 717 | |||
Kainos Group plc | 78,412 | 690 | ||||
Stagecoach Group plc | 714,447 | 670 | ||||
1 | Airtel Africa plc | 1,314,973 | 663 | |||
Rank Group plc | 308,958 | 634 | ||||
Senior plc | 745,255 | 609 | ||||
Mitie Group plc | 645,431 | 601 | ||||
*,^ | Premier Oil plc | 1,470,563 | 601 | |||
Devro plc | 300,040 | 600 | ||||
Hunting plc | 257,772 | 591 | ||||
Restaurant Group plc | 859,862 | 585 | ||||
*,1 | Watches of Switzerland Group plc | 180,981 | 570 | |||
TBC Bank Group plc | 55,519 | 570 | ||||
GoCo Group plc | 543,222 | 569 | ||||
1 | Spire Healthcare Group plc | 467,215 | 567 | |||
Marston's plc | 1,142,863 | 544 | ||||
1 | TI Fluid Systems plc | 266,368 | 536 | |||
1 | CMC Markets plc | 190,144 | 480 | |||
Halfords Group plc | 344,955 | 470 | ||||
NewRiver REIT plc | 540,161 | 454 | ||||
Stobart Group Ltd. | 576,699 | 450 | ||||
Schroder REIT Ltd. | 914,843 | 424 | ||||
Saga plc | 1,995,381 | 409 | ||||
*,^,1 | Aston Martin Lagonda Global Holdings plc | 518,217 | 378 | |||
AA plc | 1,107,875 | 377 | ||||
Galliford Try plc | 192,571 | 365 | ||||
*,^ | AO World plc | 487,425 | 353 | |||
* | Georgia Capital plc | 66,473 | 351 | |||
Renewi plc | 1,060,287 | 339 | ||||
Redefine International plc | 438,334 | 338 | ||||
*,^ | Metro Bank plc | 289,746 | 337 | |||
SIG plc | 1,024,654 | 309 | ||||
*,^,1 | Funding Circle Holdings plc | 273,386 | 297 | |||
Card Factory plc | 560,325 | 295 | ||||
International Personal Finance plc | 397,403 | 280 | ||||
RPS Group plc | 394,880 | 259 | ||||
^ | Dignity plc | 83,431 | 255 | |||
1 | Bakkavor Group plc | 266,237 | 234 | |||
Superdry plc | 115,836 | 185 | ||||
*,1 | Alfa Financial Software Holdings plc | 159,793 | 157 | |||
* | Intu Properties plc | 1,586,579 | 108 | |||
1 | Amigo Holdings plc | 238,266 | 92 | |||
N Brown Group plc | 279,213 | 87 | ||||
*,§,1 | Finablr plc | 304,209 | 42 | |||
C&C Group plc (XLON) | 1,395 | 3 | ||||
*,§ | Carillion plc | 1,000,411 | — |
21 |
Vanguard® European Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||
Value | |||||||
Shares | ($000 | ) | |||||
§ | NMC Health plc | 157,105 | — | ||||
3,654,693 | |||||||
Total Common Stocks (Cost $21,730,634) | 14,817,895 | ||||||
Coupon | |||||||
Temporary Cash Investments (3.6%) | |||||||
Money Market Fund (3.4%) | |||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 5,197,559 | 519,756 |
Face | |||||||
Maturity | Amount | ||||||
Date | ($000) | ||||||
U.S. Government and Agency Obligations (0.2%) | |||||||
4 | United States Cash Management Bill | 0.100%-0103% | 7/14/20 | 21,000 | 20,996 | ||
4 | United States Cash Management Bill | 0.210% | 9/15/20 | 600 | 600 | ||
4 | United States Cash Management Bill | 0.116% | 9/29/20 | 4,435 | 4,432 | ||
4 | United States Treasury Bill | 1.128% | 6/4/20 | 1,160 | 1,160 | ||
4 | United States Treasury Bill | 0.120% | 7/30/20 | 3,000 | 2,999 | ||
4 | United States Treasury Bill | 0.087% | 9/24/20 | 1,775 | 1,774 | ||
31,961 | |||||||
Total Temporary Cash Investments (Cost $551,769) | 551,717 | ||||||
Total Investments (102.3%) (Cost $22,282,403) | 15,369,612 | ||||||
Other Assets and Liabilities—Net (-2.3%)3,4,5,6 | (355,212 | ) | |||||
Net Assets (100%) | 15,014,400 |
Cost rounded to $000.
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $466,458,000. |
§ | Security value determined using significant unobservable inputs. |
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 April 30, 2020, the aggregate value of these securities was $437,047,000, representing 2.9% of net assets. |
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 $496,866,000 was received for securities on loan, of which $496,822,000 is held in Vanguard Market Liquidity Fund and $44,000 is held in cash. |
4 | Securities with a value of $31,961,000 and cash of $649,000 have been segregated as initial margin for open futures contracts. |
5 | Cash of $1,750,000 have been segregated as collateral for open forward currency contracts. |
6 | Includes cash collateral received for ETF capital activity. ADR—American Depositary Receipt. REIT—Real Estate Investment Trust. |
22 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Common Stocks (99.1%) | ||||||
Australia (15.2%) | ||||||
CSL Ltd. | 409,477 | 81,620 | ||||
Commonwealth Bank of Australia | 1,603,040 | 64,757 | ||||
BHP Group Ltd. | 2,666,789 | 54,441 | ||||
Westpac Banking Corp. | 3,269,657 | 34,018 | ||||
National Australia Bank Ltd. (XASX) | 2,667,967 | 29,234 | ||||
Australia & New Zealand Banking Group Ltd. | 2,565,711 | 27,870 | ||||
Woolworths Group Ltd. | 1,139,553 | 26,372 | ||||
Wesfarmers Ltd. | 1,024,810 | 24,892 | ||||
Transurban Group | 2,453,278 | 21,871 | ||||
Macquarie Group Ltd. | 290,665 | 19,255 | ||||
Rio Tinto Ltd. | 336,133 | 18,945 | ||||
Goodman Group | 1,613,127 | 13,739 | ||||
Amcor plc | 1,448,284 | 13,198 | ||||
Newcrest Mining Ltd. | 696,039 | 12,615 | ||||
Woodside Petroleum Ltd. | 848,517 | 12,150 | ||||
Coles Group Ltd. | 1,148,621 | 11,518 | ||||
Fortescue Metals Group Ltd. | 1,439,679 | 11,002 | ||||
Brambles Ltd. | 1,398,552 | 9,996 | ||||
Aristocrat Leisure Ltd. | 578,548 | 9,488 | ||||
ASX Ltd. | 175,310 | 9,243 | ||||
Insurance Australia Group Ltd. | 2,091,932 | 7,816 | ||||
Sonic Healthcare Ltd. | 428,776 | 7,572 | ||||
APA Group | 1,068,098 | 7,547 | ||||
Telstra Corp. Ltd. | 3,770,460 | 7,417 | ||||
Scentre Group | 4,764,203 | 7,157 | ||||
QBE Insurance Group Ltd. | 1,317,025 | 7,132 | ||||
Suncorp Group Ltd. | 1,144,106 | 6,802 | ||||
Cochlear Ltd. | 55,934 | 6,650 | ||||
AGL Energy Ltd. | 577,625 | 6,339 | ||||
Ramsay Health Care Ltd. | 155,059 | 6,297 | ||||
Dexus | 991,298 | 5,885 | ||||
James Hardie Industries plc | 400,080 | 5,743 | ||||
Origin Energy Ltd. | 1,596,817 | 5,743 | ||||
South32 Ltd. | 4,476,996 | 5,631 | ||||
Northern Star Resources Ltd. | 643,098 | 5,193 | ||||
Aurizon Holdings Ltd. | 1,708,288 | 5,190 | ||||
Mirvac Group | 3,545,392 | 5,152 | ||||
Santos Ltd. | 1,607,008 | 5,110 | ||||
GPT Group | 1,758,109 | 4,832 | ||||
Medibank Pvt Ltd. | 2,498,265 | 4,377 | ||||
* | Xero Ltd. | 83,861 | 4,287 | |||
Treasury Wine Estates Ltd. | 651,347 | 4,284 | ||||
Orica Ltd. | 365,924 | 4,241 | ||||
Sydney Airport | 1,003,657 | 4,088 | ||||
Lendlease Group (XASX) | 511,144 | 4,072 | ||||
Magellan Financial Group Ltd. | 123,902 | 4,059 | ||||
Stockland | 2,170,184 | 4,030 | ||||
* | Afterpay Ltd. | 197,173 | 3,921 | |||
Caltex Australia Ltd. | 227,016 | 3,655 | ||||
Tabcorp Holdings Ltd. | 1,722,213 | 3,591 | ||||
SEEK Ltd. | 314,645 | 3,513 | ||||
Computershare Ltd. | 439,507 | 3,458 | ||||
Atlas Arteria Ltd. | 800,607 | 3,231 | ||||
Oil Search Ltd. | 1,643,517 | 3,225 | ||||
Evolution Mining Ltd. | 956,695 | 3,116 | ||||
BlueScope Steel Ltd. | 460,883 | 3,008 | ||||
* | AMP Ltd. | 3,113,437 | 2,873 | |||
* | Saracen Mineral Holdings Ltd. | 996,861 | 2,734 | |||
Vicinity Centres | 2,841,523 | 2,720 | ||||
REA Group Ltd. | 45,628 | 2,611 | ||||
Coca-Cola Amatil Ltd. | 463,415 | 2,580 |
23 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
Alumina Ltd. | 2,262,114 | 2,509 | ||||
JB Hi-Fi Ltd. | 101,541 | 2,296 | ||||
Incitec Pivot Ltd. | 1,459,346 | 2,257 | ||||
* | NEXTDC Ltd. | 386,712 | 2,207 | |||
Ansell Ltd. | 119,045 | 2,195 | ||||
Altium Ltd. | 98,451 | 2,161 | ||||
National Australia Bank Ltd. | 189,835 | 2,098 | ||||
Charter Hall Group | 423,466 | 2,093 | ||||
Boral Ltd. | 1,061,462 | 2,063 | ||||
Crown Resorts Ltd. | 318,972 | 2,042 | ||||
Domino's Pizza Enterprises Ltd. | 54,323 | 2,033 | ||||
AusNet Services | 1,661,398 | 2,026 | ||||
ALS Ltd. | 437,462 | 1,910 | ||||
Iluka Resources Ltd. | 382,532 | 1,897 | ||||
Bendigo & Adelaide Bank Ltd. | 445,148 | 1,884 | ||||
Orora Ltd. | 1,090,948 | 1,813 | ||||
carsales.com Ltd. | 191,202 | 1,749 | ||||
§ | Qube Holdings Ltd. | 1,131,806 | 1,730 | |||
Worley Ltd. | 289,809 | 1,680 | ||||
OZ Minerals Ltd. | 289,682 | 1,670 | ||||
Challenger Ltd. | 517,300 | 1,648 | ||||
Appen Ltd. | 97,950 | 1,618 | ||||
TPG Telecom Ltd. | 329,209 | 1,571 | ||||
Beach Energy Ltd. | 1,606,952 | 1,566 | ||||
Steadfast Group Ltd. | 759,724 | 1,500 | ||||
Star Entertainment Grp Ltd. | 754,325 | 1,479 | ||||
Cleanaway Waste Management Ltd. | 1,223,429 | 1,476 | ||||
Downer EDI Ltd. | 538,016 | 1,447 | ||||
CIMIC Group Ltd. | 88,200 | 1,404 | ||||
Bank of Queensland Ltd. | 415,750 | 1,402 | ||||
Mineral Resources Ltd. | 127,050 | 1,369 | ||||
Metcash Ltd. | 821,370 | 1,325 | ||||
Breville Group Ltd. | 117,039 | 1,324 | ||||
IGO Ltd. | 436,398 | 1,324 | ||||
Qantas Airways Ltd. | 528,398 | 1,312 | ||||
nib holdings Ltd. | 407,735 | 1,303 | ||||
Reliance Worldwide Corp. Ltd. | 718,415 | 1,264 | ||||
Regis Resources Ltd. | 425,794 | 1,218 | ||||
Nine Entertainment Co. Holdings Ltd. | 1,318,460 | 1,213 | ||||
Shopping Centres Australasia Property Group | 829,445 | 1,202 | ||||
Seven Group Holdings Ltd. | 117,735 | 1,158 | ||||
Link Administration Holdings Ltd. | 468,770 | 1,144 | ||||
Cromwell Property Group | 2,185,624 | 1,114 | ||||
IRESS Ltd. | 152,708 | 1,114 | ||||
Charter Hall Long Wale REIT | 376,747 | 1,092 | ||||
IDP Education Ltd. | 114,314 | 1,084 | ||||
* | Vocus Group Ltd. | 539,600 | 1,071 | |||
CSR Ltd. | 443,724 | 1,066 | ||||
St. Barbara Ltd. | 633,858 | 1,043 | ||||
BWP Trust | 433,811 | 991 | ||||
Washington H Soul Pattinson & Co. Ltd. | 81,940 | 985 | ||||
Harvey Norman Holdings Ltd. | 545,850 | 979 | ||||
Nufarm Ltd. | 287,219 | 975 | ||||
Viva Energy REIT | 608,296 | 950 | ||||
* | Nanosonics Ltd. | 213,208 | 950 | |||
Whitehaven Coal Ltd. | 782,017 | 923 | ||||
1 | Viva Energy Group Ltd. | 958,923 | 896 | |||
Pendal Group Ltd. | 252,293 | 896 | ||||
WiseTech Global Ltd. | 73,903 | 880 | ||||
IOOF Holdings Ltd. | 314,420 | 878 | ||||
* | Megaport Ltd. | 111,662 | 859 | |||
* | Silver Lake Resources Ltd. | 684,873 | 846 | |||
Healius Ltd. | 503,995 | 843 | ||||
*,^ | Mesoblast Ltd. | 392,689 | 838 |
24 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
Technology One Ltd. | 135,684 | 832 | ||||
Bapcor Ltd. | 257,081 | 819 | ||||
* | Gold Road Resources Ltd. | 770,740 | 787 | |||
Perpetual Ltd. | 40,064 | 779 | ||||
National Storage REIT | 682,045 | 766 | ||||
Elders Ltd. | 136,580 | 766 | ||||
* | PolyNovo Ltd. | 529,581 | 736 | |||
Adelaide Brighton Ltd. | 411,328 | 725 | ||||
Premier Investments Ltd. | 71,044 | 712 | ||||
Lendlease Group | 87,731 | 707 | ||||
* | Lynas Corp. Ltd. | 614,877 | 688 | |||
IPH Ltd. | 143,325 | 686 | ||||
Sims Ltd. | 151,358 | 680 | ||||
* | InvoCare Ltd. | 100,099 | 669 | |||
Charter Hall Retail REIT (XASX) | 320,898 | 660 | ||||
Bravura Solutions Ltd. | 211,334 | 660 | ||||
Costa Group Holdings Ltd. | 348,513 | 651 | ||||
Bingo Industries Ltd. | 429,818 | 651 | ||||
Platinum Asset Management Ltd. | 279,171 | 630 | ||||
Austal Ltd. | 285,916 | 620 | ||||
Corporate Travel Management Ltd. | 75,563 | 619 | ||||
Pro Medicus Ltd. | 36,669 | 617 | ||||
Bega Cheese Ltd. | 192,621 | 603 | ||||
AP Eagers Ltd. | 178,649 | 591 | ||||
^ | Blackmores Ltd. | 11,773 | 578 | |||
Flight Centre Travel Group Ltd. | 81,463 | 577 | ||||
* | United Malt Grp Ltd. | 207,044 | 575 | |||
* | Perseus Mining Ltd. | 949,115 | 574 | |||
ARB Corp. Ltd. | 57,193 | 562 | ||||
Omni Bridgeway Ltd. | 212,432 | 554 | ||||
Ingenia Communities Group | 228,884 | 553 | ||||
Monadelphous Group Ltd. | 75,906 | 552 | ||||
Abacus Property Group | 326,948 | 533 | ||||
Growthpoint Properties Australia Ltd. | 256,600 | 515 | ||||
Super Retail Group Ltd. | 120,823 | 493 | ||||
^ | Clinuvel Pharmaceuticals Ltd. | 34,010 | 482 | |||
Ramelius Resources Ltd. | 559,075 | 475 | ||||
* | GrainCorp Ltd. Class A | 206,273 | 474 | |||
* | Champion Iron Ltd. | 360,729 | 464 | |||
* | Resolute Mining Ltd. | 777,200 | 463 | |||
Collins Foods Ltd. | 96,821 | 460 | ||||
Codan Ltd. | 109,207 | 459 | ||||
Webjet Ltd. | 233,230 | 457 | ||||
* | Avita Medical Ltd. | 1,541,650 | 457 | |||
Brickworks Ltd. | 51,303 | 453 | ||||
AUB Group Ltd. | 59,055 | 448 | ||||
Tassal Group Ltd. | 180,916 | 441 | ||||
GUD Holdings Ltd. | 73,370 | 436 | ||||
Credit Corp. Group Ltd. | 40,553 | 432 | ||||
GWA Group Ltd. | 236,653 | 425 | ||||
Sandfire Resources Ltd. | 143,980 | 418 | ||||
Aventus Group | 375,708 | 415 | ||||
Select Harvests Ltd. | 87,322 | 410 | ||||
* | EML Payments Ltd. | 225,303 | 407 | |||
* | Zip Co. Ltd. | 263,498 | 399 | |||
Centuria Office REIT | 316,030 | 398 | ||||
Service Stream Ltd. | 308,788 | 393 | ||||
Inghams Group Ltd. | 171,409 | 388 | ||||
^ | Arena REIT | 263,045 | 385 | |||
Rural Funds Group | 298,120 | 376 | ||||
Sigma Healthcare Ltd. | 948,790 | 372 | ||||
Domain Holdings Australia Ltd. | 219,484 | 372 | ||||
* | Mayne Pharma Group Ltd. | 1,384,577 | 370 | |||
Netwealth Group Ltd. | 75,014 | 368 |
25 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
Centuria Industrial REIT | 213,571 | 366 | ||||
* | Westgold Resources Ltd. | 278,438 | 366 | |||
Jumbo Interactive Ltd. | 46,083 | 362 | ||||
Perenti Global Ltd. | 609,057 | 358 | ||||
NRW Holdings Ltd. | 324,958 | 355 | ||||
Western Areas Ltd. | 250,292 | 353 | ||||
* | Cooper Energy Ltd. | 1,261,931 | 351 | |||
G8 Education Ltd. | 598,263 | 336 | ||||
* | Centuria Capital Group | 315,183 | 328 | |||
Data#3 Ltd. | 131,366 | 328 | ||||
Freedom Foods Group Ltd. | 114,671 | 321 | ||||
Charter Hall Social Infrastructure REIT | 200,735 | 318 | ||||
* | nearmap Ltd. | 320,070 | 313 | |||
* | Australian Agricultural Co. Ltd. | 410,045 | 309 | |||
*,^ | Orocobre Ltd. | 202,514 | 294 | |||
GDI Property Group | 422,160 | 285 | ||||
Australian Pharmaceutical Industries Ltd. | 370,212 | 281 | ||||
SeaLink Travel Group Ltd. | 119,855 | 281 | ||||
SmartGroup Corp. Ltd. | 79,933 | 279 | ||||
Integral Diagnostics Ltd. | 129,818 | 273 | ||||
* | Electro Optic Systems Holdings Ltd. | 89,921 | 271 | |||
* | PointsBet Holdings Pty Ltd. | 99,340 | 271 | |||
Genworth Mortgage Insurance Australia Ltd. | 187,762 | 260 | ||||
oOh!media Ltd. | 389,607 | 258 | ||||
HUB24 Ltd. | 39,922 | 251 | ||||
Mount Gibson Iron Ltd. | 603,625 | 247 | ||||
Infigen Energy | 633,664 | 242 | ||||
*,^ | Pilbara Minerals Ltd. | 1,698,796 | 239 | |||
*,^ | Bubs Australia Ltd. | 403,077 | 235 | |||
* | Emeco Holdings Ltd. | 310,922 | 234 | |||
* | Pact Group Holdings Ltd. | 189,015 | 234 | |||
* | Starpharma Holdings Ltd. | 344,250 | 234 | |||
Accent Group Ltd. | 306,775 | 231 | ||||
BWX Ltd. | 97,326 | 227 | ||||
Macmahon Holdings Ltd. | 1,569,313 | 225 | ||||
Lovisa Holdings Ltd. | 46,881 | 224 | ||||
Asaleo Care Ltd. | 331,981 | 222 | ||||
Jupiter Mines Ltd. | 1,264,559 | 222 | ||||
Estia Health Ltd. | 227,751 | 221 | ||||
New Hope Corp. Ltd. | 215,516 | 215 | ||||
MyState Ltd. | 82,804 | 211 | ||||
McMillan Shakespeare Ltd. | 46,728 | 202 | ||||
1 | Coronado Global Resources Inc. | 260,850 | 200 | |||
Hotel Property Investments | 124,298 | 198 | ||||
*,^ | Galaxy Resources Ltd. | 366,598 | 180 | |||
Southern Cross Media Group Ltd. | 1,986,036 | 179 | ||||
* | Carnarvon Petroleum Ltd. | 1,410,835 | 172 | |||
OFX Group Ltd. | 208,339 | 166 | ||||
Cedar Woods Properties Ltd. | 57,580 | 158 | ||||
HT&E Ltd. | 216,727 | 158 | ||||
Aurelia Metals Ltd. | 729,138 | 151 | ||||
FlexiGroup Ltd. | 254,956 | 149 | ||||
Village Roadshow Ltd. | 98,515 | 143 | ||||
* | Senex Energy Ltd. | 986,547 | 136 | |||
* | Eclipx Group Ltd. | 287,536 | 134 | |||
* | AMA Group Ltd. | 462,525 | 126 | |||
* | Karoon Energy Ltd. | 355,361 | 125 | |||
* | Superloop Ltd. | 242,910 | 124 | |||
MACA Ltd. | 246,293 | 117 | ||||
*,§,^ | SpeedCast International Ltd. | 219,138 | 113 | |||
Regis Healthcare Ltd. | 116,544 | 113 | ||||
Virtus Health Ltd. | 56,162 | 112 | ||||
*,^ | Myer Holdings Ltd. | 779,855 | 100 | |||
Vita Group Ltd. | 139,601 | 99 |
26 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Navigator Global Investments Ltd. | 110,169 | 93 | ||||
SG Fleet Group Ltd. | 105,619 | 92 | ||||
* | Dacian Gold Ltd. | 353,981 | 82 | |||
* | Paradigm Biopharmaceuticals Ltd. | 65,788 | 82 | |||
Japara Healthcare Ltd. | 239,690 | 77 | ||||
* | Clean TeQ Holdings Ltd. | 522,681 | 71 | |||
*,^ | Syrah Resources Ltd. | 380,507 | 57 | |||
* | Seven West Media Ltd. | 891,866 | 49 | |||
WPP AUNZ Ltd. | 296,820 | 48 | ||||
*,^ | New Century Resources Ltd. | 465,760 | 45 | |||
* | Intega Group Ltd. | 214,904 | 38 | |||
* | Cardno Ltd. | 177,150 | 29 | |||
Decmil Group Ltd. | 159,817 | 23 | ||||
Charter Hall Retail REIT | 10,608 | 22 | ||||
* | Liquefied Natural Gas Ltd. | 538,805 | 15 | |||
* | Castile Resources Ltd. | 72,345 | 8 | |||
Newcrest Mining Ltd. ADR | 25 | — | ||||
*,§ | Bgp Holdings plc Rights | 15,642,708 | — | |||
*,§ | DSHE Holdings Ltd. | 147,770 | — | |||
845,593 | ||||||
China (0.0%) | ||||||
*,§,^ | China Fishery Group Ltd. | 754,600 | 41 | |||
Hong Kong (8.5%) | ||||||
AIA Group Ltd. | 10,943,912 | 100,441 | ||||
Hong Kong Exchanges & Clearing Ltd. | 1,139,464 | 36,534 | ||||
CK Hutchison Holdings Ltd. | 2,426,059 | 17,982 | ||||
Sun Hung Kai Properties Ltd. | 1,285,974 | 17,584 | ||||
Link REIT | 1,873,898 | 16,704 | ||||
Hong Kong & China Gas Co. Ltd. | 8,919,189 | 15,985 | ||||
CLP Holdings Ltd. | 1,487,360 | 15,921 | ||||
CK Asset Holdings Ltd. | 2,436,498 | 15,396 | ||||
Galaxy Entertainment Group Ltd. | 1,938,062 | 12,465 | ||||
Hang Seng Bank Ltd. | 656,452 | 11,481 | ||||
BOC Hong Kong Holdings Ltd. | 3,259,759 | 10,005 | ||||
Sands China Ltd. | 2,173,136 | 8,798 | ||||
China Mengniu Dairy Co. Ltd. | 2,424,500 | 8,585 | ||||
Techtronic Industries Co. Ltd. | 1,127,156 | 8,547 | ||||
Power Assets Holdings Ltd. | 1,240,707 | 8,313 | ||||
Jardine Matheson Holdings Ltd. | 189,652 | 8,307 | ||||
1 | WH Group Ltd. | 7,613,433 | 7,261 | |||
MTR Corp. Ltd. | 1,290,686 | 7,151 | ||||
New World Development Co. Ltd. | 5,193,156 | 6,135 | ||||
*,^ | Semiconductor Manufacturing International Corp. | 2,749,021 | 5,160 | |||
Henderson Land Development Co. Ltd. | 1,179,190 | 4,806 | ||||
Hongkong Land Holdings Ltd. | 1,052,947 | 4,405 | ||||
Wheelock & Co. Ltd. | 560,668 | 4,109 | ||||
Sino Land Co. Ltd. | 2,914,443 | 4,073 | ||||
Hang Lung Properties Ltd. | 1,845,841 | 3,949 | ||||
^ | Wharf Real Estate Investment Co. Ltd. | 920,615 | 3,897 | |||
Lenovo Group Ltd. | 6,768,000 | 3,656 | ||||
Want Want China Holdings Ltd. | 4,967,220 | 3,540 | ||||
Jardine Strategic Holdings Ltd. | 164,551 | 3,537 | ||||
CK Infrastructure Holdings Ltd. | 561,313 | 3,334 | ||||
Sun Art Retail Group Ltd. | 1,990,231 | 3,313 | ||||
Swire Pacific Ltd. Class A | 461,252 | 3,000 | ||||
Tingyi Cayman Islands Holding Corp. | 1,687,900 | 2,996 | ||||
AAC Technologies Holdings Inc. | 618,757 | 2,926 | ||||
*,1 | Budweiser Brewing Co. APAC Ltd. | 1,066,100 | 2,897 | |||
ASM Pacific Technology Ltd. | 276,136 | 2,790 | ||||
Swire Properties Ltd. | 954,835 | 2,678 | ||||
^ | Vitasoy International Holdings Ltd. | 722,304 | 2,576 | |||
Bank of East Asia Ltd. | 1,142,932 | 2,421 | ||||
PCCW Ltd. | 3,726,715 | 2,283 |
27 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
Wynn Macau Ltd. | 1,313,229 | 2,268 | ||||
Xinyi Solar Holdings Ltd. | 3,483,001 | 2,210 | ||||
Xinyi Glass Holdings Ltd. | 1,810,640 | 2,097 | ||||
Hysan Development Co. Ltd. | 548,726 | 1,831 | ||||
Hang Lung Group Ltd. | 789,920 | 1,804 | ||||
SJM Holdings Ltd. | 1,687,639 | 1,666 | ||||
NagaCorp Ltd. | 1,356,972 | 1,602 | ||||
Wharf Holdings Ltd. | 804,615 | 1,524 | ||||
Prada SpA | 465,804 | 1,512 | ||||
Minth Group Ltd. | 626,783 | 1,507 | ||||
Kerry Properties Ltd. | 544,590 | 1,504 | ||||
NWS Holdings Ltd. | 1,283,887 | 1,338 | ||||
Melco International Development Ltd. | 703,274 | 1,315 | ||||
Dairy Farm International Holdings Ltd. | 272,701 | 1,307 | ||||
1 | BOC Aviation Ltd. | 188,525 | 1,289 | |||
United Energy Group Ltd. | 6,774,000 | 1,234 | ||||
HKBN Ltd. | 708,657 | 1,220 | ||||
Fortune REIT | 1,194,833 | 1,125 | ||||
VTech Holdings Ltd. | 144,450 | 1,089 | ||||
Champion REIT | 1,793,900 | 1,063 | ||||
SITC International Holdings Co. Ltd. | 1,073,586 | 1,061 | ||||
Uni-President China Holdings Ltd. | 1,012,038 | 1,016 | ||||
1 | Samsonite International SA | 1,177,397 | 1,002 | |||
Yue Yuen Industrial Holdings Ltd. | 627,658 | 1,001 | ||||
Swire Pacific Ltd. Class B | 833,186 | 911 | ||||
Microport Scientific Corp. | 386,219 | 830 | ||||
MGM China Holdings Ltd. | 670,136 | 828 | ||||
Shangri-La Asia Ltd. | 980,928 | 810 | ||||
Li & Fung Ltd. | 5,296,213 | 795 | ||||
Chow Tai Fook Jewellery Group Ltd. | 935,418 | 791 | ||||
Gemdale Properties & Investment Corp. Ltd. | 4,901,080 | 781 | ||||
Man Wah Holdings Ltd. | 1,343,852 | 772 | ||||
Kerry Logistics Network Ltd. | 497,111 | 680 | ||||
Shougang Fushan Resources Group Ltd. | 3,203,281 | 639 | ||||
Cafe de Coral Holdings Ltd. | 304,447 | 628 | ||||
^ | Cathay Pacific Airways Ltd. | 527,864 | 628 | |||
L'Occitane International SA | 405,623 | 625 | ||||
Luk Fook Holdings International Ltd. | 283,406 | 607 | ||||
Shun Tak Holdings Ltd. | 1,631,370 | 571 | ||||
Shui On Land Ltd. | 3,219,066 | 570 | ||||
* | COFCO Meat Holdings Ltd. | 1,556,007 | 554 | |||
K Wah International Holdings Ltd. | 1,180,843 | 541 | ||||
Johnson Electric Holdings Ltd. | 318,519 | 535 | ||||
Haitong International Securities Group Ltd. | 2,265,891 | 531 | ||||
CITIC Telecom International Holdings Ltd. | 1,340,470 | 496 | ||||
IGG Inc. | 766,628 | 487 | ||||
* | Pacific Basin Shipping Ltd. | 3,880,236 | 475 | |||
Towngas China Co. Ltd. | 928,140 | 467 | ||||
Asia Cement China Holdings Corp. | 386,000 | 447 | ||||
Sunlight REIT | 865,089 | 446 | ||||
*,^,1 | Razer Inc. | 3,114,000 | 419 | |||
First Pacific Co. Ltd. | 1,965,939 | 406 | ||||
SUNeVision Holdings Ltd. | 563,000 | 400 | ||||
Pou Sheng International Holdings Ltd. | 1,922,253 | 393 | ||||
Stella International Holdings Ltd. | 389,000 | 391 | ||||
Dah Sing Financial Holdings Ltd. | 116,660 | 385 | ||||
Nexteer Automotive Group Ltd. | 741,211 | 381 | ||||
Road King Infrastructure Ltd. | 242,814 | 375 | ||||
Television Broadcasts Ltd. | 270,447 | 373 | ||||
Guotai Junan International Holdings Ltd. | 2,795,336 | 366 | ||||
^ | United Laboratories International Holdings Ltd. | 423,873 | 366 | |||
Prosperity REIT | 1,133,661 | 364 | ||||
Lifestyle International Holdings Ltd. | 381,907 | 364 | ||||
China Harmony New Energy Auto Holding Ltd. | 678,115 | 350 |
28 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
§ | Town Health International Medical Group Ltd. | 3,921,659 | 348 | |||
*,^ | MMG Ltd. | 1,972,286 | 341 | |||
Far East Consortium International Ltd. | 930,493 | 330 | ||||
Huabao International Holdings Ltd. | 793,071 | 315 | ||||
*,^ | Suncity Group Holdings Ltd. | 1,980,000 | 306 | |||
* | FIH Mobile Ltd. | 2,687,581 | 300 | |||
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 213,000 | 297 | ||||
* | Value Partners Group Ltd. | 748,665 | 297 | |||
China Travel International Investment Hong Kong Ltd. | 2,100,268 | 294 | ||||
* | Xinyi Energy Holdings Ltd. | 1,012,000 | 288 | |||
Dah Sing Banking Group Ltd. | 292,356 | 287 | ||||
Canvest Environmental Protection Group Co. Ltd. | 633,675 | 278 | ||||
VSTECS Holdings Ltd. | 590,000 | 271 | ||||
Dynam Japan Holdings Co. Ltd. | 251,344 | 251 | ||||
SmarTone Telecommunications Holdings Ltd. | 374,735 | 237 | ||||
*,§ | Convoy Global Holdings Ltd. | 10,860,141 | 234 | |||
^,1 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 248,000 | 227 | |||
Pacific Textiles Holdings Ltd. | 447,697 | 227 | ||||
Chow Sang Sang Holdings International Ltd. | 220,922 | 222 | ||||
*,^ | Hong Kong Television Network Ltd. | 357,142 | 221 | |||
Giordano International Ltd. | 1,092,590 | 220 | ||||
Sun Hung Kai & Co. Ltd. | 528,182 | 217 | ||||
Chinese Estates Holdings Ltd. | 447,000 | 214 | ||||
*,^,1 | Frontage Holdings Corp. | 470,000 | 213 | |||
*,1 | Impro Precision Industries Ltd. | 636,000 | 208 | |||
^ | NOVA Group Holdings Ltd. | 1,100,000 | 207 | |||
^,1 | FIT Hon Teng Ltd. | 944,000 | 204 | |||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 1,160,301 | 201 | ||||
1 | CGN New Energy Holdings Co. Ltd. | 962,897 | 199 | |||
Ju Teng International Holdings Ltd. | 752,334 | 192 | ||||
^ | SA Sa International Holdings Ltd. | 1,012,953 | 190 | |||
* | Glory Sun Land Group Ltd. | 2,085,000 | 187 | |||
*,^ | We Solutions Ltd. | 3,364,000 | 173 | |||
*,^ | Macau Legend Development Ltd. | 1,388,954 | 168 | |||
* | Esprit Holdings Ltd. | 1,705,597 | 164 | |||
1 | IMAX China Holding Inc. | 102,275 | 155 | |||
* | Truly International Holdings Ltd. | 1,389,603 | 154 | |||
Inspur International Ltd. | 484,000 | 147 | ||||
1 | Regina Miracle International Holdings Ltd. | 302,395 | 143 | |||
1 | Crystal International Group Ltd. | 506,500 | 140 | |||
* | G-Resources Group Ltd. | 20,855,198 | 119 | |||
^ | Anton Oilfield Services Group | 1,896,022 | 118 | |||
Lee's Pharmaceutical Holdings Ltd. | 236,812 | 116 | ||||
* | NewOcean Energy Holdings Ltd. | 817,858 | 114 | |||
*,^ | Digital Domain Holdings Ltd. | 17,008,031 | 100 | |||
Texwinca Holdings Ltd. | 585,037 | 99 | ||||
*,^ | HC Group Inc. | 542,107 | 91 | |||
* | Lifestyle China Group Ltd. | 394,899 | 91 | |||
* | Emperor Capital Group Ltd. | 4,205,145 | 84 | |||
* | China Silver Group Ltd. | 1,092,976 | 83 | |||
* | Goodbaby International Holdings Ltd. | 798,975 | 82 | |||
* | New World Department Store China Ltd. | 421,000 | 81 | |||
* | GCL New Energy Holdings Ltd. | 5,581,422 | 79 | |||
Singamas Container Holdings Ltd. | 1,277,323 | 70 | ||||
Emperor Watch & Jewellery Ltd. | 3,684,532 | 66 | ||||
EVA Precision Industrial Holdings Ltd. | 1,043,049 | 66 | ||||
* | Honghua Group Ltd. | 2,079,517 | 64 | |||
*,§ | Brightoil Petroleum Holdings Ltd. | 2,476,222 | 64 | |||
Henderson Investment Ltd. | 1,111,863 | 63 | ||||
BOE Varitronix Ltd. | 221,699 | 60 | ||||
* | KuangChi Science Ltd. | 1,821,600 | 56 | |||
*,§ | Camsing International Holding Ltd. | 366,000 | 55 | |||
*,^ | China LNG Group Ltd. | 1,674,344 | 53 | |||
Agritrade Resources Ltd. | 2,330,000 | 50 |
29 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
* | Parkson Retail Group Ltd. | 979,650 | 49 | |||
Shenwan Hongyuan HK Ltd. | 378,136 | 44 | ||||
* | Beijing Enterprises Medical | 2,172,818 | 41 | |||
*,§ | China Baoli Technologies Holdings Ltd. | 3,077,500 | 39 | |||
* | Beijing Sports and Entertainment Industry Group Ltd. | 317,500 | 9 | |||
* | Zhaobangji Properties Holdings Ltd. | 40,000 | 7 | |||
473,684 | ||||||
Japan (60.3%) | ||||||
Toyota Motor Corp. | 2,224,925 | 137,560 | ||||
Sony Corp. | 1,111,039 | 71,500 | ||||
SoftBank Group Corp. | 1,464,970 | 62,792 | ||||
Keyence Corp. | 162,966 | 58,181 | ||||
Takeda Pharmaceutical Co. Ltd. | 1,377,224 | 49,665 | ||||
Mitsubishi UFJ Financial Group Inc. | 11,293,772 | 45,627 | ||||
KDDI Corp. | 1,547,066 | 44,810 | ||||
Nintendo Co. Ltd. | 96,495 | 39,845 | ||||
Shin-Etsu Chemical Co. Ltd. | 360,250 | 39,736 | ||||
Daiichi Sankyo Co. Ltd. | 574,949 | 39,523 | ||||
Honda Motor Co. Ltd. | 1,558,886 | 37,856 | ||||
Recruit Holdings Co. Ltd. | 1,141,912 | 33,311 | ||||
Kao Corp. | 425,025 | 32,776 | ||||
Sumitomo Mitsui Financial Group Inc. | 1,175,388 | 30,909 | ||||
Daikin Industries Ltd. | 239,673 | 30,757 | ||||
NTT DOCOMO Inc. | 1,039,329 | 30,630 | ||||
Hoya Corp. | 332,546 | 30,326 | ||||
Murata Manufacturing Co. Ltd. | 515,379 | 29,040 | ||||
Tokyo Electron Ltd. | 134,684 | 28,685 | ||||
FANUC Corp. | 173,768 | 28,361 | ||||
Tokio Marine Holdings Inc. | 595,524 | 27,939 | ||||
Astellas Pharma Inc. | 1,683,701 | 27,847 | ||||
Mizuho Financial Group Inc. | 23,002,670 | 26,785 | ||||
Central Japan Railway Co. | 163,352 | 25,704 | ||||
Nippon Telegraph & Telephone Corp. | 1,097,886 | 25,003 | ||||
Hitachi Ltd. | 835,928 | 24,810 | ||||
Nidec Corp. | 421,066 | 24,512 | ||||
ITOCHU Corp. | 1,228,492 | 24,085 | ||||
East Japan Railway Co. | 326,745 | 23,859 | ||||
SMC Corp. | 51,929 | 23,473 | ||||
Chugai Pharmaceutical Co. Ltd. | 195,846 | 23,345 | ||||
Mitsubishi Corp. | 1,098,321 | 23,293 | ||||
Seven & i Holdings Co. Ltd. | 697,449 | 23,097 | ||||
Fast Retailing Co. Ltd. | 46,380 | 21,996 | ||||
Mitsubishi Electric Corp. | 1,786,614 | 21,984 | ||||
Oriental Land Co. Ltd. | 170,190 | 21,520 | ||||
Mitsui & Co. Ltd. | 1,529,857 | 21,354 | ||||
Shiseido Co. Ltd. | 351,038 | 20,639 | ||||
Japan Tobacco Inc. | 1,071,569 | 19,956 | ||||
Softbank Corp. | 1,453,281 | 19,791 | ||||
Terumo Corp. | 592,432 | 19,658 | ||||
Canon Inc. | 915,811 | 19,264 | ||||
Fujitsu Ltd. | 173,182 | 16,824 | ||||
Mitsubishi Estate Co. Ltd. | 1,038,859 | 16,807 | ||||
Eisai Co. Ltd. | 238,934 | 16,680 | ||||
Bridgestone Corp. | 521,828 | 16,243 | ||||
Komatsu Ltd. | 827,037 | 15,648 | ||||
Mitsui Fudosan Co. Ltd. | 850,260 | 15,634 | ||||
FUJIFILM Holdings Corp. | 327,187 | 15,585 | ||||
Olympus Corp. | 954,620 | 15,147 | ||||
Otsuka Holdings Co. Ltd. | 379,321 | 14,909 | ||||
Daiwa House Industry Co. Ltd. | 587,470 | 14,887 | ||||
Kyocera Corp. | 277,392 | 14,821 | ||||
Panasonic Corp. | 1,927,535 | 14,694 | ||||
Secom Co. Ltd. | 175,397 | 14,596 | ||||
Denso Corp. | 411,403 | 14,462 |
30 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Kirin Holdings Co. Ltd. | 715,301 | 13,804 | ||||
M3 Inc. | 381,188 | 13,759 | ||||
Shionogi & Co. Ltd. | 249,107 | 13,758 | ||||
ORIX Corp. | 1,160,811 | 13,660 | ||||
Suzuki Motor Corp. | 408,747 | 13,045 | ||||
Unicharm Corp. | 349,434 | 12,878 | ||||
Aeon Co. Ltd. | 633,138 | 12,746 | ||||
MS&AD Insurance Group Holdings Inc. | 438,468 | 12,632 | ||||
Kubota Corp. | 994,005 | 12,344 | ||||
Dai-ichi Life Holdings Inc. | 976,795 | 12,241 | ||||
Asahi Group Holdings Ltd. | 344,541 | 11,847 | ||||
Sysmex Corp. | 171,211 | 11,828 | ||||
Sumitomo Corp. | 1,013,801 | 11,468 | ||||
Nomura Holdings Inc. | 2,738,614 | 11,364 | ||||
Subaru Corp. | 554,348 | 11,095 | ||||
Shimano Inc. | 70,733 | 10,423 | ||||
Nitori Holdings Co. Ltd. | 67,237 | 10,306 | ||||
West Japan Railway Co. | 164,780 | 10,183 | ||||
Omron Corp. | 171,189 | 10,055 | ||||
Sompo Holdings Inc. | 308,420 | 10,004 | ||||
Toshiba Corp. | 399,758 | 9,913 | ||||
Sumitomo Mitsui Trust Holdings Inc. | 331,536 | 9,653 | ||||
JXTG Holdings Inc. | 2,718,159 | 9,637 | ||||
Japan Post Holdings Co. Ltd. | 1,200,820 | 9,605 | ||||
Sumitomo Realty & Development Co. Ltd. | 357,120 | 9,565 | ||||
Ono Pharmaceutical Co. Ltd. | 389,101 | 9,374 | ||||
TDK Corp. | 108,327 | 9,339 | ||||
Z Holdings Corp. | 2,354,688 | 9,088 | ||||
Obic Co. Ltd. | 60,288 | 9,047 | ||||
Japan Exchange Group Inc. | 485,584 | 9,032 | ||||
Sekisui House Ltd. | 523,425 | 8,979 | ||||
Pan Pacific International Holdings Corp. | 460,608 | 8,924 | ||||
Bandai Namco Holdings Inc. | 176,243 | 8,806 | ||||
Advantest Corp. | 179,249 | 8,697 | ||||
NEC Corp. | 226,159 | 8,679 | ||||
Chubu Electric Power Co. Inc. | 633,302 | 8,565 | ||||
MEIJI Holdings Co. Ltd. | 121,399 | 8,432 | ||||
Tokyo Gas Co. Ltd. | 383,234 | 8,410 | ||||
Nippon Paint Holdings Co. Ltd. | 139,679 | 8,073 | ||||
Asahi Kasei Corp. | 1,124,516 | 7,978 | ||||
Ajinomoto Co. Inc. | 442,434 | 7,880 | ||||
Kintetsu Group Holdings Co. Ltd. | 162,454 | 7,761 | ||||
Yaskawa Electric Corp. | 234,720 | 7,653 | ||||
Kikkoman Corp. | 165,399 | 7,600 | ||||
Toyota Industries Corp. | 144,972 | 7,297 | ||||
Makita Corp. | 220,315 | 7,174 | ||||
Nitto Denko Corp. | 140,647 | 7,026 | ||||
Sumitomo Electric Industries Ltd. | 680,403 | 7,000 | ||||
Marubeni Corp. | 1,413,243 | 6,806 | ||||
Hankyu Hanshin Holdings Inc. | 198,135 | 6,779 | ||||
Kansai Electric Power Co. Inc. | 658,116 | 6,744 | ||||
Tokyu Corp. | 446,901 | 6,727 | ||||
Osaka Gas Co. Ltd. | 357,565 | 6,659 | ||||
Mitsubishi Heavy Industries Ltd. | 258,139 | 6,620 | ||||
Mitsubishi Chemical Holdings Corp. | 1,151,746 | 6,546 | ||||
Yakult Honsha Co. Ltd. | 110,837 | 6,439 | ||||
Toray Industries Inc. | 1,371,878 | 6,290 | ||||
Tobu Railway Co. Ltd. | 183,899 | 6,238 | ||||
Nippon Steel Corp. | 737,016 | 6,201 | ||||
Resona Holdings Inc. | 1,983,824 | 6,196 | ||||
MINEBEA MITSUMI Inc. | 376,299 | 6,118 | ||||
Daifuku Co. Ltd. | 87,264 | 6,107 | ||||
Odakyu Electric Railway Co. Ltd. | 276,256 | 6,092 | ||||
Rakuten Inc. | 715,065 | 6,063 |
31 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Shimadzu Corp. | 242,940 | 6,050 | ||||
MISUMI Group Inc. | 251,311 | 5,969 | ||||
Nexon Co. Ltd. | 368,114 | 5,944 | ||||
Nissan Motor Co. Ltd. | 1,743,630 | 5,935 | ||||
Keio Corp. | 104,125 | 5,890 | ||||
NTT Data Corp. | 568,357 | 5,800 | ||||
Yamaha Corp. | 142,961 | 5,771 | ||||
Nomura Research Institute Ltd. | 233,539 | 5,717 | ||||
Santen Pharmaceutical Co. Ltd. | 322,407 | 5,707 | ||||
Daiwa Securities Group Inc. | 1,363,676 | 5,671 | ||||
Taisei Corp. | 181,590 | 5,661 | ||||
Yamato Holdings Co. Ltd. | 321,500 | 5,611 | ||||
Disco Corp. | 25,071 | 5,599 | ||||
Daito Trust Construction Co. Ltd. | 58,322 | 5,546 | ||||
Sumitomo Metal Mining Co. Ltd. | 214,363 | 5,343 | ||||
SG Holdings Co. Ltd. | 191,600 | 5,331 | ||||
Obayashi Corp. | 609,829 | 5,330 | ||||
Inpex Corp. | 825,632 | 5,330 | ||||
Trend Micro Inc. | 104,822 | 5,318 | ||||
Dai Nippon Printing Co. Ltd. | 251,280 | 5,298 | ||||
Kyowa Kirin Co. Ltd. | 225,402 | 5,231 | ||||
Kobayashi Pharmaceutical Co. Ltd. | 55,414 | 5,137 | ||||
Nissin Foods Holdings Co. Ltd. | 61,925 | 5,090 | ||||
Nagoya Railroad Co. Ltd. | 176,450 | 5,049 | ||||
Hamamatsu Photonics KK | 115,439 | 5,046 | ||||
Idemitsu Kosan Co. Ltd. | 211,822 | 4,813 | ||||
Lion Corp. | 228,621 | 4,806 | ||||
Toyota Tsusho Corp. | 201,207 | 4,790 | ||||
* | Tokyo Electric Power Co. Holdings Inc. | 1,409,107 | 4,743 | |||
Rohm Co. Ltd. | 74,919 | 4,737 | ||||
Nissan Chemical Corp. | 122,042 | 4,683 | ||||
TOTO Ltd. | 130,766 | 4,552 | ||||
Lasertec Corp. | 68,746 | 4,547 | ||||
Aisin Seiki Co. Ltd. | 156,152 | 4,497 | ||||
Asahi Intecc Co. Ltd. | 169,352 | 4,486 | ||||
Tsuruha Holdings Inc. | 32,931 | 4,415 | ||||
Suntory Beverage & Food Ltd. | 113,814 | 4,286 | ||||
T&D Holdings Inc. | 494,455 | 4,274 | ||||
Kajima Corp. | 409,342 | 4,253 | ||||
Otsuka Corp. | 92,574 | 4,192 | ||||
Ricoh Co. Ltd. | 614,504 | 4,189 | ||||
Sumitomo Chemical Co. Ltd. | 1,364,730 | 4,186 | ||||
TIS Inc. | 215,775 | 4,115 | ||||
AGC Inc. | 166,524 | 4,107 | ||||
Oji Holdings Corp. | 796,709 | 4,045 | ||||
Dentsu Group Inc. | 193,673 | 4,045 | ||||
Tohoku Electric Power Co. Inc. | 428,840 | 4,036 | ||||
Sekisui Chemical Co. Ltd. | 315,960 | 4,005 | ||||
Toho Gas Co. Ltd. | 81,182 | 3,989 | ||||
Keihan Holdings Co. Ltd. | 88,443 | 3,975 | ||||
Toyo Suisan Kaisha Ltd. | 81,975 | 3,942 | ||||
Koito Manufacturing Co. Ltd. | 103,721 | 3,907 | ||||
Hikari Tsushin Inc. | 20,095 | 3,889 | ||||
Hitachi Chemical Co. Ltd. | 89,803 | 3,852 | ||||
Shimizu Corp. | 499,948 | 3,840 | ||||
SBI Holdings Inc. | 205,572 | 3,840 | ||||
Kyushu Railway Co. | 142,370 | 3,830 | ||||
Nihon M&A Center Inc. | 116,612 | 3,804 | ||||
Keisei Electric Railway Co. Ltd. | 126,052 | 3,802 | ||||
Toppan Printing Co. Ltd. | 250,972 | 3,728 | ||||
Keikyu Corp. | 224,304 | 3,687 | ||||
Miura Co. Ltd. | 88,843 | 3,666 | ||||
CyberAgent Inc. | 86,753 | 3,642 | ||||
Brother Industries Ltd. | 213,957 | 3,626 |
32
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Nisshin Seifun Group Inc. | 232,505 | 3,613 | ||||
Hoshizaki Corp. | 47,156 | 3,594 | ||||
FamilyMart Co. Ltd. | 208,732 | 3,540 | ||||
Chugoku Electric Power Co. Inc. | 261,767 | 3,522 | ||||
Isuzu Motors Ltd. | 462,354 | 3,514 | ||||
Pigeon Corp. | 97,595 | 3,475 | ||||
Japan Post Bank Co. Ltd. | 371,303 | 3,448 | ||||
* | Renesas Electronics Corp. | 644,069 | 3,401 | |||
MonotaRO Co. Ltd. | 105,758 | 3,398 | ||||
Toho Co. Ltd. | 102,899 | 3,370 | ||||
Yamada Denki Co. Ltd. | 707,873 | 3,357 | ||||
Hirose Electric Co. Ltd. | 30,511 | 3,350 | ||||
Kyushu Electric Power Co. Inc. | 420,978 | 3,336 | ||||
Kansai Paint Co. Ltd. | 175,186 | 3,328 | ||||
Kose Corp. | 26,066 | 3,259 | ||||
Yamaha Motor Co. Ltd. | 252,544 | 3,249 | ||||
GMO Payment Gateway Inc. | 36,192 | 3,226 | ||||
Hulic Co. Ltd. | 325,938 | 3,224 | ||||
Welcia Holdings Co. Ltd. | 44,182 | 3,208 | ||||
Nippon Shinyaku Co. Ltd. | 45,460 | 3,192 | ||||
NH Foods Ltd. | 89,560 | 3,179 | ||||
Tosoh Corp. | 257,173 | 3,143 | ||||
Alfresa Holdings Corp. | 157,400 | 3,139 | ||||
Nippon Express Co. Ltd. | 64,251 | 3,138 | ||||
Taiyo Yuden Co. Ltd. | 111,881 | 3,120 | ||||
Kuraray Co. Ltd. | 311,467 | 3,116 | ||||
Concordia Financial Group Ltd. | 1,013,833 | 3,106 | ||||
Azbil Corp. | 117,596 | 3,093 | ||||
JSR Corp. | 163,668 | 3,079 | ||||
Mitsui Chemicals Inc. | 156,788 | 3,078 | ||||
JFE Holdings Inc. | 463,704 | 3,077 | ||||
NGK Insulators Ltd. | 235,005 | 3,075 | ||||
USS Co. Ltd. | 192,357 | 3,046 | ||||
Marui Group Co. Ltd. | 185,858 | 3,042 | ||||
Nabtesco Corp. | 106,121 | 3,037 | ||||
Casio Computer Co. Ltd. | 191,960 | 3,029 | ||||
Oracle Corp. Japan | 29,417 | 3,028 | ||||
Stanley Electric Co. Ltd. | 132,049 | 3,009 | ||||
SUMCO Corp. | 211,152 | 3,006 | ||||
Electric Power Development Co. Ltd. | 149,408 | 2,990 | ||||
Hisamitsu Pharmaceutical Co. Inc. | 63,403 | 2,987 | ||||
Yokogawa Electric Corp. | 218,964 | 2,985 | ||||
Mazda Motor Corp. | 517,032 | 2,923 | ||||
* | PeptiDream Inc. | 77,630 | 2,895 | |||
Square Enix Holdings Co. Ltd. | 69,954 | 2,867 | ||||
Sohgo Security Services Co. Ltd. | 59,989 | 2,862 | ||||
Nikon Corp. | 307,404 | 2,859 | ||||
LIXIL Group Corp. | 238,302 | 2,859 | ||||
Showa Denko KK | 129,359 | 2,831 | ||||
COMSYS Holdings Corp. | 102,191 | 2,810 | ||||
Ito En Ltd. | 50,434 | 2,802 | ||||
Shizuoka Bank Ltd. | 457,299 | 2,776 | ||||
Kurita Water Industries Ltd. | 99,464 | 2,775 | ||||
Seiko Epson Corp. | 244,213 | 2,773 | ||||
NSK Ltd. | 398,910 | 2,761 | ||||
Haseko Corp. | 251,591 | 2,731 | ||||
Fuji Electric Co. Ltd. | 114,000 | 2,719 | ||||
Konami Holdings Corp. | 86,006 | 2,701 | ||||
Itochu Techno-Solutions Corp. | 87,814 | 2,683 | ||||
Tokyu Fudosan Holdings Corp. | 547,819 | 2,680 | ||||
NGK Spark Plug Co. Ltd. | 176,887 | 2,648 | ||||
Sony Financial Holdings Inc. | 138,410 | 2,624 | ||||
Teijin Ltd. | 164,506 | 2,623 | ||||
Suzuken Co. Ltd. | 67,493 | 2,601 |
33
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Sojitz Corp. | 1,121,465 | 2,595 | ||||
Amada Co. Ltd. | 285,769 | 2,583 | ||||
Chiba Bank Ltd. | 556,066 | 2,580 | ||||
^ | Skylark Holdings Co. Ltd. | 172,308 | 2,547 | |||
MediPal Holdings Corp. | 131,951 | 2,545 | ||||
Rohto Pharmaceutical Co. Ltd. | 87,447 | 2,544 | ||||
Ryohin Keikaku Co. Ltd. | 213,000 | 2,535 | ||||
^ | Anritsu Corp. | 124,153 | 2,527 | |||
Rinnai Corp. | 33,236 | 2,517 | ||||
Ibiden Co. Ltd. | 98,379 | 2,515 | ||||
Capcom Co. Ltd. | 81,868 | 2,509 | ||||
THK Co. Ltd. | 103,599 | 2,477 | ||||
Taisho Pharmaceutical Holdings Co. Ltd. | 39,210 | 2,450 | ||||
Nichirei Corp. | 97,001 | 2,427 | ||||
Kakaku.com Inc. | 117,569 | 2,399 | ||||
Matsumotokiyoshi Holdings Co. Ltd. | 68,734 | 2,366 | ||||
Nihon Kohden Corp. | 66,051 | 2,363 | ||||
Hakuhodo DY Holdings Inc. | 211,843 | 2,347 | ||||
Mitsubishi Materials Corp. | 113,968 | 2,334 | ||||
Seibu Holdings Inc. | 193,604 | 2,323 | ||||
Lawson Inc. | 43,771 | 2,275 | ||||
* | LINE Corp. | 46,510 | 2,275 | |||
Kyowa Exeo Corp. | 92,584 | 2,256 | ||||
Hitachi Construction Machinery Co. Ltd. | 96,037 | 2,253 | ||||
Coca-Cola Bottlers Japan Holdings Inc. | 125,199 | 2,242 | ||||
Nankai Electric Railway Co. Ltd. | 99,690 | 2,225 | ||||
Air Water Inc. | 161,969 | 2,184 | ||||
Sega Sammy Holdings Inc. | 180,167 | 2,182 | ||||
Bank of Kyoto Ltd. | 63,635 | 2,178 | ||||
Sumitomo Heavy Industries Ltd. | 102,203 | 2,154 | ||||
NET One Systems Co. Ltd. | 74,712 | 2,154 | ||||
ANA Holdings Inc. | 100,868 | 2,143 | ||||
Japan Post Insurance Co. Ltd. | 167,176 | 2,136 | ||||
Taiheiyo Cement Corp. | 108,736 | 2,135 | ||||
Cosmos Pharmaceutical Corp. | 7,959 | 2,131 | ||||
Fukuoka Financial Group Inc. | 146,826 | 2,098 | ||||
Sumitomo Dainippon Pharma Co. Ltd. | 150,662 | 2,084 | ||||
Shinsei Bank Ltd. | 172,264 | 2,078 | ||||
House Foods Group Inc. | 65,454 | 2,061 | ||||
Relo Group Inc. | 94,316 | 2,043 | ||||
Calbee Inc. | 67,250 | 2,035 | ||||
NOF Corp. | 61,372 | 2,034 | ||||
Yamazaki Baking Co. Ltd. | 114,241 | 2,020 | ||||
Taiyo Nippon Sanso Corp. | 129,932 | 2,015 | ||||
Daicel Corp. | 248,079 | 2,014 | ||||
Tokyo Tatemono Co. Ltd. | 178,639 | 2,009 | ||||
Mitsubishi Gas Chemical Co. Inc. | 162,990 | 1,997 | ||||
Ezaki Glico Co. Ltd. | 45,158 | 1,983 | ||||
Sundrug Co. Ltd. | 57,893 | 1,982 | ||||
Kawasaki Heavy Industries Ltd. | 130,055 | 1,965 | ||||
Kewpie Corp. | 98,474 | 1,956 | ||||
Isetan Mitsukoshi Holdings Ltd. | 315,913 | 1,922 | ||||
Sawai Pharmaceutical Co. Ltd. | 35,148 | 1,919 | ||||
Kinden Corp. | 118,921 | 1,914 | ||||
Mebuki Financial Group Inc. | 909,570 | 1,911 | ||||
Denka Co. Ltd. | 78,871 | 1,905 | ||||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 397,219 | 1,897 | ||||
Aozora Bank Ltd. | 106,421 | 1,894 | ||||
JGC Holdings Corp. | 195,714 | 1,890 | ||||
Nippon Yusen KK | 142,959 | 1,882 | ||||
Ebara Corp. | 85,030 | 1,875 | ||||
Justsystems Corp. | 30,642 | 1,874 | ||||
Alps Alpine Co. Ltd. | 180,520 | 1,862 | ||||
TechnoPro Holdings Inc. | 32,641 | 1,859 |
34
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) |
Sugi Holdings Co. Ltd. | 30,231 | 1,823 | ||||
Japan Airlines Co. Ltd. | 101,940 | 1,818 | ||||
J Front Retailing Co. Ltd. | 222,238 | 1,813 | ||||
Kagome Co. Ltd. | 69,934 | 1,786 | ||||
Benesse Holdings Inc. | 62,618 | 1,783 | ||||
Sotetsu Holdings Inc. | 69,538 | 1,783 | ||||
Horiba Ltd. | 33,220 | 1,758 | ||||
Persol Holdings Co. Ltd. | 151,311 | 1,740 | ||||
Mitsui OSK Lines Ltd. | 99,865 | 1,732 | ||||
Hitachi Metals Ltd. | 179,186 | 1,727 | ||||
Goldwin Inc. | 32,032 | 1,725 | ||||
K's Holdings Corp. | 158,260 | 1,724 | ||||
Iida Group Holdings Co. Ltd. | 128,938 | 1,713 | ||||
SHO-BOND Holdings Co. Ltd. | 42,186 | 1,693 | ||||
Nihon Unisys Ltd. | 58,199 | 1,683 | ||||
Zensho Holdings Co. Ltd. | 85,170 | 1,677 | ||||
DIC Corp. | 72,119 | 1,675 | ||||
Nomura Real Estate Holdings Inc. | 102,820 | 1,672 | ||||
Sankyu Inc. | 43,468 | 1,670 | ||||
Nishi-Nippon Railroad Co. Ltd. | 67,347 | 1,648 | ||||
SCSK Corp. | 36,305 | 1,643 | ||||
Japan Airport Terminal Co. Ltd. | 40,283 | 1,634 | ||||
Seino Holdings Co. Ltd. | 137,210 | 1,633 | ||||
SCREEN Holdings Co. Ltd. | 33,717 | 1,628 | ||||
Seven Bank Ltd. | 600,172 | 1,627 | ||||
Ship Healthcare Holdings Inc. | 35,905 | 1,624 | ||||
Kamigumi Co. Ltd. | 91,685 | 1,614 | ||||
Mitsubishi Motors Corp. | 566,091 | 1,604 | ||||
Sumitomo Rubber Industries Ltd. | 164,145 | 1,593 | ||||
Credit Saison Co. Ltd. | 139,825 | 1,588 | ||||
Konica Minolta Inc. | 407,441 | 1,577 | ||||
Tsumura & Co. | 56,965 | 1,576 | ||||
Kaken Pharmaceutical Co. Ltd. | 28,439 | 1,565 | ||||
FP Corp. | 20,693 | 1,561 | ||||
Park24 Co. Ltd. | 99,312 | 1,559 | ||||
Sharp Corp. | 140,015 | 1,541 | ||||
JTEKT Corp. | 205,710 | 1,507 | ||||
PALTAC Corp. | 28,652 | 1,496 | ||||
Ube Industries Ltd. | 89,100 | 1,494 | ||||
Rengo Co. Ltd. | 189,926 | 1,480 | ||||
Nifco Inc. | 76,610 | 1,479 | ||||
Tokai Carbon Co. Ltd. | 177,986 | 1,472 | ||||
Nippon Kayaku Co. Ltd. | 151,618 | 1,467 | ||||
Asics Corp. | 154,105 | 1,461 | ||||
Sumitomo Forestry Co. Ltd. | 118,086 | 1,459 | ||||
Hachijuni Bank Ltd. | 405,306 | 1,447 | ||||
Hino Motors Ltd. | 242,756 | 1,444 | ||||
Fancl Corp. | 60,168 | 1,442 | ||||
ZOZO Inc. | 89,268 | 1,440 | ||||
Kyushu Financial Group Inc. | 341,291 | 1,440 | ||||
* | Ain Holdings Inc. | 25,307 | 1,420 | |||
Sushiro Global Holdings Ltd. | 91,568 | 1,412 | ||||
IHI Corp. | 113,465 | 1,406 | ||||
Acom Co. Ltd. | 346,926 | 1,402 | ||||
Tokyo Century Corp. | 40,883 | 1,398 | ||||
Tokyo Ohka Kogyo Co. Ltd. | 32,316 | 1,390 | ||||
Mabuchi Motor Co. Ltd. | 44,761 | 1,386 | ||||
Nippon Shokubai Co. Ltd. | 29,052 | 1,372 | ||||
Morinaga & Co. Ltd. | 33,310 | 1,369 | ||||
Toyo Seikan Group Holdings Ltd. | 133,331 | 1,353 | ||||
Koei Tecmo Holdings Co. Ltd. | 51,187 | 1,347 | ||||
Aeon Mall Co. Ltd. | 107,001 | 1,345 | ||||
Sanwa Holdings Corp. | 172,974 | 1,342 | ||||
Morinaga Milk Industry Co. Ltd. | 34,313 | 1,330 |
35
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Chugoku Bank Ltd. | 143,201 | 1,319 | ||||
Aica Kogyo Co. Ltd. | 45,755 | 1,318 | ||||
Mitsubishi Logistics Corp. | 59,000 | 1,303 | ||||
Zenkoku Hosho Co. Ltd. | 44,265 | 1,290 | ||||
Kaneka Corp. | 49,730 | 1,286 | ||||
Infomart Corp. | 185,632 | 1,282 | ||||
Tokuyama Corp. | 60,482 | 1,276 | ||||
Iyo Bank Ltd. | 234,825 | 1,258 | ||||
Shimamura Co. Ltd. | 19,851 | 1,252 | ||||
Penta-Ocean Construction Co. Ltd. | 247,475 | 1,250 | ||||
Mani Inc. | 55,415 | 1,234 | ||||
Nippon Paper Industries Co. Ltd. | 86,109 | 1,230 | ||||
Amano Corp. | 59,780 | 1,227 | ||||
Maruichi Steel Tube Ltd. | 54,327 | 1,222 | ||||
JCR Pharmaceuticals Co. Ltd. | 12,733 | 1,220 | ||||
TS Tech Co. Ltd. | 44,861 | 1,216 | ||||
Toda Corp. | 208,220 | 1,210 | ||||
Yaoko Co. Ltd. | 19,501 | 1,209 | ||||
Bic Camera Inc. | 130,293 | 1,206 | ||||
Toyoda Gosei Co. Ltd. | 64,759 | 1,206 | ||||
NOK Corp. | 103,329 | 1,203 | ||||
ABC-Mart Inc. | 23,666 | 1,203 | ||||
Nitto Boseki Co. Ltd. | 25,369 | 1,200 | ||||
Yokohama Rubber Co. Ltd. | 94,112 | 1,197 | ||||
Yoshinoya Holdings Co. Ltd. | 57,602 | 1,190 | ||||
Gunma Bank Ltd. | 369,372 | 1,183 | ||||
Pola Orbis Holdings Inc. | 66,252 | 1,182 | ||||
Ulvac Inc. | 42,775 | 1,179 | ||||
Takashimaya Co. Ltd. | 129,757 | 1,173 | ||||
Open House Co. Ltd. | 53,524 | 1,167 | ||||
Takara Holdings Inc. | 157,979 | 1,163 | ||||
Fuji Corp. | 69,436 | 1,163 | ||||
GMO internet Inc. | 52,612 | 1,145 | ||||
DeNA Co. Ltd. | 92,735 | 1,142 | ||||
Kusuri no Aoki Holdings Co. Ltd. | 14,426 | 1,135 | ||||
Zeon Corp. | 128,214 | 1,123 | ||||
Nipro Corp. | 99,448 | 1,112 | ||||
Nippon Gas Co. Ltd. | 33,517 | 1,105 | ||||
Miraca Holdings Inc. | 44,142 | 1,105 | ||||
Iwatani Corp. | 32,311 | 1,104 | ||||
Yamaguchi Financial Group Inc. | 204,404 | 1,102 | ||||
Hazama Ando Corp. | 176,359 | 1,098 | ||||
Dowa Holdings Co. Ltd. | 39,629 | 1,096 | ||||
Nagase & Co. Ltd. | 91,085 | 1,096 | ||||
ADEKA Corp. | 87,138 | 1,094 | ||||
Sankyo Co. Ltd. | 39,778 | 1,092 | ||||
Pilot Corp. | 32,484 | 1,088 | ||||
Toyo Tire Corp. | 91,530 | 1,072 | ||||
Tokyo Seimitsu Co. Ltd. | 33,121 | 1,071 | ||||
Daiichikosho Co. Ltd. | 35,507 | 1,066 | ||||
Hiroshima Bank Ltd. | 256,426 | 1,065 | ||||
Sumitomo Osaka Cement Co. Ltd. | 32,726 | 1,065 | ||||
Mirait Holdings Corp. | 82,438 | 1,065 | ||||
Izumi Co. Ltd. | 36,115 | 1,057 | ||||
Nippon Electric Glass Co. Ltd. | 72,464 | 1,056 | ||||
Shikoku Electric Power Co. Inc. | 135,825 | 1,050 | ||||
Sapporo Holdings Ltd. | 55,108 | 1,049 | ||||
Nippon Suisan Kaisha Ltd. | 235,375 | 1,047 | ||||
AEON Financial Service Co. Ltd. | 100,531 | 1,045 | ||||
Furukawa Electric Co. Ltd. | 54,973 | 1,035 | ||||
Ushio Inc. | 97,937 | 1,033 | ||||
Fukuyama Transporting Co. Ltd. | 29,745 | 1,031 | ||||
Jeol Ltd. | 34,524 | 1,021 | ||||
Hokuriku Electric Power Co. | 151,042 | 1,018 |
36
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Daiwabo Holdings Co. Ltd. | 16,516 | 1,017 | ||||
OKUMA Corp. | 26,740 | 1,008 | ||||
Kyudenko Corp. | 35,718 | 1,001 | ||||
Glory Ltd. | 44,443 | 999 | ||||
Shochiku Co. Ltd. | 9,156 | 998 | ||||
As One Corp. | 11,142 | 995 | ||||
Daido Steel Co. Ltd. | 29,945 | 989 | ||||
Toagosei Co. Ltd. | 107,614 | 985 | ||||
Wacoal Holdings Corp. | 48,667 | 982 | ||||
Digital Garage Inc. | 27,248 | 976 | ||||
SMS Co. Ltd. | 44,468 | 969 | ||||
Kobe Bussan Co. Ltd. | 20,000 | 966 | ||||
Shiga Bank Ltd. | 40,964 | 965 | ||||
GS Yuasa Corp. | 67,838 | 964 | ||||
Nichias Corp. | 48,039 | 955 | ||||
Nippo Corp. | 42,363 | 953 | ||||
Inaba Denki Sangyo Co. Ltd. | 44,960 | 951 | ||||
Menicon Co. Ltd. | 21,892 | 950 | ||||
Benefit One Inc. | 54,080 | 949 | ||||
Hitachi Transport System Ltd. | 38,999 | 947 | ||||
Toho Holdings Co. Ltd. | 45,660 | 946 | ||||
NHK Spring Co. Ltd. | 142,641 | 944 | ||||
Showa Corp. | 44,672 | 939 | ||||
Fujitec Co. Ltd. | 65,740 | 938 | ||||
Ariake Japan Co. Ltd. | 16,217 | 935 | ||||
Keihin Corp. | 39,099 | 933 | ||||
Maeda Corp. | 115,877 | 929 | ||||
Kokuyo Co. Ltd. | 76,007 | 929 | ||||
Duskin Co. Ltd. | 35,795 | 925 | ||||
Toyobo Co. Ltd. | 78,292 | 912 | ||||
OSG Corp. | 69,897 | 908 | ||||
Jafco Co. Ltd. | 28,155 | 902 | ||||
Mochida Pharmaceutical Co. Ltd. | 22,980 | 899 | ||||
Takara Bio Inc. | 40,286 | 899 | ||||
TOKAI Holdings Corp. | 99,275 | 897 | ||||
Lintec Corp. | 41,767 | 896 | ||||
Fuji Oil Holdings Inc. | 38,290 | 893 | ||||
Mitsui Mining & Smelting Co. Ltd. | 47,845 | 893 | ||||
DMG Mori Co. Ltd. | 87,124 | 891 | ||||
* | Kobe Steel Ltd. | 266,006 | 890 | |||
Hokuhoku Financial Group Inc. | 108,605 | 882 | ||||
Meitec Corp. | 19,981 | 882 | ||||
NSD Co. Ltd. | 62,052 | 879 | ||||
NEC Networks & System Integration Corp. | 20,395 | 878 | ||||
Nisshinbo Holdings Inc. | 125,711 | 876 | ||||
Fuyo General Lease Co. Ltd. | 17,511 | 876 | ||||
Shimachu Co. Ltd. | 34,988 | 874 | ||||
Sakata Seed Corp. | 26,750 | 864 | ||||
Cosmo Energy Holdings Co. Ltd. | 57,401 | 862 | ||||
Systena Corp. | 61,280 | 862 | ||||
Takasago Thermal Engineering Co. Ltd. | 54,598 | 861 | ||||
Internet Initiative Japan Inc. | 25,173 | 860 | ||||
^ | Daio Paper Corp. | 62,966 | 859 | |||
Nippon Light Metal Holdings Co. Ltd. | 544,146 | 857 | ||||
Nikkon Holdings Co. Ltd. | 43,053 | 836 | ||||
Heiwa Real Estate Co. Ltd. | 30,935 | 831 | ||||
77 Bank Ltd. | 61,970 | 826 | ||||
Nishimatsu Construction Co. Ltd. | 43,441 | 823 | ||||
CKD Corp. | 48,745 | 813 | ||||
Megmilk Snow Brand Co. Ltd. | 35,606 | 812 | ||||
Fujitsu General Ltd. | 48,940 | 810 | ||||
Kandenko Co. Ltd. | 95,614 | 800 | ||||
Nihon Parkerizing Co. Ltd. | 77,551 | 794 | ||||
Kenedix Inc. | 175,608 | 794 |
37
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
cocokara fine Inc. | 16,815 | 793 | ||||
Citizen Watch Co. Ltd. | 224,381 | 792 | ||||
Nishi-Nippon Financial Holdings Inc. | 135,542 | 791 | ||||
Kiyo Bank Ltd. | 53,500 | 791 | ||||
Topcon Corp. | 95,514 | 784 | ||||
Paramount Bed Holdings Co. Ltd. | 18,811 | 776 | ||||
Daishi Hokuetsu Financial Group Inc. | 35,648 | 775 | ||||
Katitas Co. Ltd. | 44,000 | 768 | ||||
Asahi Holdings Inc. | 33,958 | 767 | ||||
Toei Co. Ltd. | 6,168 | 766 | ||||
Elecom Co. Ltd. | 19,411 | 765 | ||||
Taikisha Ltd. | 25,967 | 756 | ||||
Sanrio Co. Ltd. | 50,576 | 751 | ||||
Shinko Electric Industries Co. Ltd. | 60,093 | 750 | ||||
Japan Material Co. Ltd. | 51,736 | 749 | ||||
Sangetsu Corp. | 50,305 | 749 | ||||
Sumitomo Bakelite Co. Ltd. | 28,950 | 748 | ||||
NTN Corp. | 389,417 | 747 | ||||
Heiwa Corp. | 44,256 | 745 | ||||
Tadano Ltd. | 97,566 | 744 | ||||
Milbon Co. Ltd. | 16,914 | 742 | ||||
Japan Elevator Service Holdings Co. Ltd. | 29,100 | 740 | ||||
* | Kawasaki Kisen Kaisha Ltd. | 75,214 | 740 | |||
NS Solutions Corp. | 28,948 | 731 | ||||
Daiseki Co. Ltd. | 33,020 | 729 | ||||
Nissin Kogyo Co. Ltd. | 34,923 | 725 | ||||
Mizuho Leasing Co. Ltd. | 37,666 | 724 | ||||
DCM Holdings Co. Ltd. | 73,862 | 722 | ||||
Trusco Nakayama Corp. | 33,318 | 721 | ||||
Senko Group Holdings Co. Ltd. | 88,210 | 719 | ||||
Toshiba TEC Corp. | 21,987 | 716 | ||||
Kumiai Chemical Industry Co. Ltd. | 88,437 | 714 | ||||
Canon Marketing Japan Inc. | 36,889 | 710 | ||||
Earth Corp. | 12,239 | 710 | ||||
DTS Corp. | 36,612 | 702 | ||||
Tsubakimoto Chain Co. | 29,944 | 701 | ||||
Kumagai Gumi Co. Ltd. | 31,937 | 700 | ||||
Takuma Co. Ltd. | 64,652 | 699 | ||||
Oki Electric Industry Co. Ltd. | 72,510 | 697 | ||||
Fujikura Ltd. | 236,522 | 695 | ||||
JINS Holdings Inc. | 13,030 | 687 | ||||
Hitachi Capital Corp. | 35,502 | 687 | ||||
Matsui Securities Co. Ltd. | 93,823 | 685 | ||||
BayCurrent Consulting Inc. | 12,047 | 683 | ||||
San-A Co. Ltd. | 16,916 | 681 | ||||
Japan Lifeline Co. Ltd. | 57,808 | 680 | ||||
Kureha Corp. | 16,826 | 679 | ||||
Tomy Co. Ltd. | 83,686 | 676 | ||||
Showa Sangyo Co. Ltd. | 22,386 | 670 | ||||
Toyota Boshoku Corp. | 53,626 | 670 | ||||
Anicom Holdings Inc. | 18,134 | 669 | ||||
Fuji Soft Inc. | 19,003 | 669 | ||||
Kanematsu Corp. | 67,814 | 668 | ||||
Japan Steel Works Ltd. | 53,981 | 663 | ||||
Kato Sangyo Co. Ltd. | 19,499 | 661 | ||||
Kotobuki Spirits Co. Ltd. | 16,913 | 661 | ||||
San-In Godo Bank Ltd. | 125,898 | 660 | ||||
Okinawa Electric Power Co. Inc. | 36,095 | 658 | ||||
Noevir Holdings Co. Ltd. | 14,027 | 657 | ||||
Itoham Yonekyu Holdings Inc. | 112,736 | 654 | ||||
^ | Colowide Co. Ltd. | 47,237 | 650 | |||
Totetsu Kogyo Co. Ltd. | 24,970 | 645 | ||||
TKC Corp. | 13,032 | 644 | ||||
Nippon Soda Co. Ltd. | 25,072 | 643 |
38
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Okumura Corp. | 30,085 | 642 | ||||
Nippon Flour Mills Co. Ltd. | 40,663 | 640 | ||||
Maruha Nichiro Corp. | 30,532 | 639 | ||||
Hokkoku Bank Ltd. | 21,384 | 636 | ||||
Ogaki Kyoritsu Bank Ltd. | 31,119 | 635 | ||||
Taiyo Holdings Co. Ltd. | 15,520 | 635 | ||||
Hogy Medical Co. Ltd. | 20,096 | 628 | ||||
Awa Bank Ltd. | 28,823 | 627 | ||||
Fuji Seal International Inc. | 36,103 | 627 | ||||
Nisshin Oillio Group Ltd. | 18,990 | 624 | ||||
Ichibanya Co. Ltd. | 15,024 | 624 | ||||
Joyful Honda Co. Ltd. | 51,214 | 624 | ||||
en-japan Inc. | 28,100 | 619 | ||||
Autobacs Seven Co. Ltd. | 52,914 | 618 | ||||
Hokkaido Electric Power Co. Inc. | 159,770 | 611 | ||||
Prima Meat Packers Ltd. | 26,965 | 611 | ||||
Kissei Pharmaceutical Co. Ltd. | 25,752 | 611 | ||||
Prestige International Inc. | 77,806 | 608 | ||||
Valor Holdings Co. Ltd. | 32,625 | 606 | ||||
Fuji Kyuko Co. Ltd. | 20,993 | 606 | ||||
Orient Corp. | 526,345 | 602 | ||||
H2O Retailing Corp. | 76,500 | 600 | ||||
Kameda Seika Co. Ltd. | 12,438 | 596 | ||||
OBIC Business Consultants Co. Ltd. | 13,332 | 596 | ||||
ZERIA Pharmaceutical Co. Ltd. | 30,605 | 595 | ||||
Macnica Fuji Electronics Holdings Inc. | 43,659 | 594 | ||||
* | Aiful Corp. | 269,142 | 593 | |||
Funai Soken Holdings Inc. | 27,756 | 591 | ||||
KYORIN Holdings Inc. | 28,287 | 588 | ||||
Create SD Holdings Co. Ltd. | 20,399 | 581 | ||||
Kohnan Shoji Co. Ltd. | 24,977 | 580 | ||||
Toyo Ink SC Holdings Co. Ltd. | 30,422 | 579 | ||||
Suruga Bank Ltd. | 166,283 | 578 | ||||
EDION Corp. | 66,457 | 578 | ||||
Nippon Densetsu Kogyo Co. Ltd. | 29,538 | 576 | ||||
Resorttrust Inc. | 55,994 | 574 | ||||
Zojirushi Corp. | 39,198 | 572 | ||||
MOS Food Services Inc. | 22,686 | 571 | ||||
Meidensha Corp. | 36,615 | 568 | ||||
Tokyo Dome Corp. | 77,567 | 567 | ||||
Nagaileben Co. Ltd. | 22,983 | 560 | ||||
Maeda Road Construction Co. Ltd. | 30,229 | 560 | ||||
Nanto Bank Ltd. | 26,421 | 554 | ||||
Life Corp. | 17,810 | 553 | ||||
Mitsubishi Logisnext Co. Ltd. | 59,061 | 549 | ||||
Mandom Corp. | 28,527 | 548 | ||||
Central Glass Co. Ltd. | 31,816 | 545 | ||||
Tokai Rika Co. Ltd. | 42,770 | 545 | ||||
Takara Standard Co. Ltd. | 36,881 | 544 | ||||
Kadokawa Corp. | 37,644 | 541 | ||||
Makino Milling Machine Co. Ltd. | 18,913 | 539 | ||||
ASKUL Corp. | 18,805 | 537 | ||||
Maruwa Unyu Kikan Co. Ltd. | 18,394 | 536 | ||||
Arcs Co. Ltd. | 28,541 | 536 | ||||
Okamura Corp. | 74,023 | 535 | ||||
Atom Corp. | 68,151 | 533 | ||||
Strike Co. Ltd. | 13,130 | 531 | ||||
Raito Kogyo Co. Ltd. | 42,688 | 531 | ||||
Okamoto Industries Inc. | 13,231 | 531 | ||||
Kyoritsu Maintenance Co. Ltd. | 21,988 | 530 | ||||
Nomura Co. Ltd. | 69,940 | 530 | ||||
Ohsho Food Service Corp. | 9,950 | 529 | ||||
Kanamoto Co. Ltd. | 27,275 | 529 | ||||
Eizo Corp. | 17,610 | 528 |
39
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Nojima Corp. | 30,450 | 528 | ||||
Yamato Kogyo Co. Ltd. | 26,854 | 527 | ||||
Maruwa Co. Ltd. | 7,462 | 526 | ||||
Keiyo Bank Ltd. | 107,853 | 526 | ||||
Japan Aviation Electronics Industry Ltd. | 40,491 | 525 | ||||
Fuso Chemical Co. Ltd. | 17,712 | 525 | ||||
Japan Wool Textile Co. Ltd. | 59,700 | 523 | ||||
Saibu Gas Co. Ltd. | 21,092 | 523 | ||||
Max Co. Ltd. | 35,118 | 521 | ||||
Digital Arts Inc. | 8,656 | 521 | ||||
Kansai Mirai Financial Group Inc. | 154,832 | 521 | ||||
Tri Chemical Laboratories Inc. | 5,800 | 515 | ||||
Morita Holdings Corp. | 33,416 | 513 | ||||
United Super Markets Holdings Inc. | 52,135 | 512 | ||||
GungHo Online Entertainment Inc. | 32,965 | 511 | ||||
Hyakugo Bank Ltd. | 175,738 | 510 | ||||
Gunze Ltd. | 15,022 | 509 | ||||
Sumitomo Mitsui Construction Co. Ltd. | 122,932 | 507 | ||||
Yamazen Corp. | 60,292 | 507 | ||||
Daihen Corp. | 17,807 | 507 | ||||
Sekisui Jushi Corp. | 24,871 | 506 | ||||
San-Ai Oil Co. Ltd. | 49,742 | 505 | ||||
Iriso Electronics Co. Ltd. | 18,107 | 505 | ||||
Komeri Co. Ltd. | 25,970 | 504 | ||||
Tokyo Steel Manufacturing Co. Ltd. | 79,149 | 504 | ||||
Hitachi Zosen Corp. | 151,834 | 502 | ||||
Tokyo Broadcasting System Holdings Inc. | 32,437 | 501 | ||||
Nippon Signal Company Ltd. | 53,921 | 501 | ||||
Towa Pharmaceutical Co. Ltd. | 24,280 | 501 | ||||
Bank of Okinawa Ltd. | 16,880 | 500 | ||||
Fujimi Inc. | 18,010 | 500 | ||||
BML Inc. | 19,403 | 498 | ||||
Chudenko Corp. | 24,382 | 493 | ||||
KH Neochem Co. Ltd. | 28,437 | 491 | ||||
Axial Retailing Inc. | 12,934 | 491 | ||||
Yokogawa Bridge Holdings Corp. | 27,959 | 491 | ||||
Juroku Bank Ltd. | 27,837 | 489 | ||||
Japan Petroleum Exploration Co. Ltd. | 28,437 | 489 | ||||
Shinmaywa Industries Ltd. | 48,029 | 488 | ||||
Transcosmos Inc. | 24,377 | 486 | ||||
Nichi-iko Pharmaceutical Co. Ltd. | 37,205 | 484 | ||||
Sumitomo Warehouse Co. Ltd. | 42,336 | 483 | ||||
Ryosan Co. Ltd. | 21,978 | 481 | ||||
Hanwa Co. Ltd. | 30,229 | 480 | ||||
Nichiha Corp. | 26,168 | 478 | ||||
Belc Co. Ltd. | 8,158 | 476 | ||||
Shizuoka Gas Co. Ltd. | 52,838 | 475 | ||||
Round One Corp. | 57,901 | 474 | ||||
Tocalo Co. Ltd. | 48,056 | 473 | ||||
Aeon Delight Co. Ltd. | 16,514 | 473 | ||||
Arata Corp. | 11,449 | 473 | ||||
Kintetsu World Express Inc. | 32,435 | 472 | ||||
Nachi-Fujikoshi Corp. | 16,313 | 472 | ||||
*,^ | Token Corp. | 6,866 | 471 | |||
Giken Ltd. | 12,837 | 469 | ||||
eGuarantee Inc. | 26,600 | 467 | ||||
IR Japan Holdings Ltd. | 7,800 | 467 | ||||
Eiken Chemical Co. Ltd. | 26,756 | 466 | ||||
Wacom Co. Ltd. | 133,931 | 466 | ||||
Kitz Corp. | 75,788 | 465 | ||||
Ichigo Inc. | 181,243 | 464 | ||||
* | Leopalace21 Corp. | 207,876 | 462 | |||
Nissan Shatai Co. Ltd. | 57,610 | 461 | ||||
Hokuetsu Corp. | 116,656 | 461 |
40
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
North Pacific Bank Ltd. | 256,693 | 460 | ||||
Mitsubishi Pencil Co. Ltd. | 36,592 | 458 | ||||
Shibuya Corp. | 18,504 | 455 | ||||
Saizeriya Co. Ltd. | 22,881 | 454 | ||||
Hosiden Corp. | 52,934 | 452 | ||||
Information Services International-Dentsu Ltd. | 10,646 | 452 | ||||
JCU Corp. | 19,298 | 451 | ||||
KOMEDA Holdings Co. Ltd. | 29,658 | 451 | ||||
Raiznext Corp. | 40,723 | 451 | ||||
Takeuchi Manufacturing Co. Ltd. | 31,241 | 449 | ||||
Sato Holdings Corp. | 21,793 | 448 | ||||
Inabata & Co. Ltd. | 40,298 | 447 | ||||
Seiren Co. Ltd. | 37,682 | 446 | ||||
Tokyotokeiba Co. Ltd. | 13,530 | 446 | ||||
TOMONY Holdings Inc. | 132,808 | 445 | ||||
Starts Corp. Inc. | 22,860 | 442 | ||||
Infocom Corp. | 18,415 | 441 | ||||
Outsourcing Inc. | 93,130 | 440 | ||||
Create Restaurants Holdings Inc. | 79,776 | 440 | ||||
Toridoll Holdings Corp. | 38,400 | 438 | ||||
^ | Miroku Jyoho Service Co. Ltd. | 17,312 | 437 | |||
Sanki Engineering Co. Ltd. | 38,598 | 435 | ||||
Fuji Media Holdings Inc. | 43,784 | 435 | ||||
Kisoji Co. Ltd. | 19,700 | 432 | ||||
SKY Perfect JSAT Holdings Inc. | 114,830 | 432 | ||||
Shoei Foods Corp. | 11,841 | 432 | ||||
Sanken Electric Co. Ltd. | 20,696 | 431 | ||||
Nippon Steel Trading Corp. | 13,635 | 430 | ||||
Nikkiso Co. Ltd. | 55,120 | 429 | ||||
Exedy Corp. | 26,563 | 428 | ||||
Tokai Corp. | 16,518 | 427 | ||||
Solasto Corp. | 41,900 | 427 | ||||
Ryoyo Electro Corp. | 19,006 | 427 | ||||
Keihanshin Building Co. Ltd. | 33,031 | 426 | ||||
Shoei Co. Ltd. | 22,400 | 426 | ||||
Cybozu Inc. | 21,888 | 424 | ||||
Sakai Moving Service Co. Ltd. | 8,059 | 424 | ||||
UACJ Corp. | 25,969 | 423 | ||||
ARTERIA Networks Corp. | 21,200 | 420 | ||||
Seiko Holdings Corp. | 25,293 | 420 | ||||
Nitto Kogyo Corp. | 24,877 | 419 | ||||
Fujimori Kogyo Co. Ltd. | 14,230 | 419 | ||||
Tokai Tokyo Financial Holdings Inc. | 196,734 | 418 | ||||
FCC Co. Ltd. | 29,338 | 417 | ||||
Argo Graphics Inc. | 13,300 | 417 | ||||
Yuasa Trading Co. Ltd. | 15,426 | 415 | ||||
Mitsuuroko Group Holdings Co. Ltd. | 40,200 | 414 | ||||
Osaka Soda Co. Ltd. | 18,119 | 413 | ||||
Relia Inc. | 39,206 | 413 | ||||
* | Descente Ltd. | 30,988 | 413 | |||
Comture Corp. | 20,400 | 411 | ||||
Shibaura Machine Co. Ltd. | 20,793 | 409 | ||||
* | RENOVA Inc. | 40,100 | 403 | |||
Ringer Hut Co. Ltd. | 20,098 | 403 | ||||
Yodogawa Steel Works Ltd. | 25,570 | 402 | ||||
Topre Corp. | 34,512 | 399 | ||||
T Hasegawa Co. Ltd. | 19,899 | 399 | ||||
Shima Seiki Manufacturing Ltd. | 26,468 | 398 | ||||
Ai Holdings Corp. | 32,236 | 398 | ||||
Nippon Seiki Co. Ltd. | 36,991 | 398 | ||||
Nohmi Bosai Ltd. | 19,700 | 397 | ||||
Toho Bank Ltd. | 169,750 | 395 | ||||
Kurabo Industries Ltd. | 17,204 | 394 | ||||
Yokowo Co. Ltd. | 17,440 | 394 |
41
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Jaccs Co. Ltd. | 23,684 | 393 | ||||
Nissin Electric Co. Ltd. | 42,190 | 392 | ||||
^ | Royal Holdings Co. Ltd. | 23,679 | 390 | |||
Teikoku Sen-I Co. Ltd. | 19,103 | 389 | ||||
Noritake Co. Ltd. | 11,840 | 388 | ||||
METAWATER Co. Ltd. | 9,748 | 388 | ||||
Hamakyorex Co. Ltd. | 14,129 | 386 | ||||
Japan Securities Finance Co. Ltd. | 81,981 | 386 | ||||
HIS Co. Ltd. | 29,248 | 385 | ||||
Daibiru Corp. | 41,887 | 383 | ||||
United Arrows Ltd. | 24,578 | 383 | ||||
MCJ Co. Ltd. | 57,608 | 382 | ||||
Senshu Ikeda Holdings Inc. | 244,764 | 382 | ||||
Hiday Hidaka Corp. | 24,749 | 382 | ||||
eRex Co. Ltd. | 27,361 | 381 | ||||
Aomori Bank Ltd. | 18,010 | 381 | ||||
Yellow Hat Ltd. | 27,366 | 380 | ||||
Dip Corp. | 17,806 | 380 | ||||
Chofu Seisakusho Co. Ltd. | 17,311 | 379 | ||||
Kanematsu Electronics Ltd. | 11,145 | 378 | ||||
T-Gaia Corp. | 19,004 | 378 | ||||
Bunka Shutter Co. Ltd. | 51,648 | 377 | ||||
Hyakujushi Bank Ltd. | 21,178 | 377 | ||||
Sanyo Chemical Industries Ltd. | 9,552 | 376 | ||||
Hirata Corp. | 7,815 | 375 | ||||
Maeda Kosen Co. Ltd. | 19,400 | 374 | ||||
Okasan Securities Group Inc. | 123,656 | 374 | ||||
Tsugami Corp. | 43,162 | 373 | ||||
Nichicon Corp. | 56,114 | 370 | ||||
Trancom Co. Ltd. | 5,572 | 369 | ||||
* | KYB Corp. | 18,327 | 369 | |||
Wakita & Co. Ltd. | 39,899 | 368 | ||||
Bank of the Ryukyus Ltd. | 39,342 | 367 | ||||
Plenus Co. Ltd. | 22,390 | 367 | ||||
Taiko Pharmaceutical Co. Ltd. | 23,931 | 367 | ||||
Heiwado Co. Ltd. | 21,462 | 366 | ||||
Fujicco Co. Ltd. | 20,301 | 365 | ||||
NichiiGakkan Co. Ltd. | 36,220 | 363 | ||||
* | euglena Co. Ltd. | 63,608 | 362 | |||
Nippon Koei Co. Ltd. | 12,635 | 362 | ||||
Doutor Nichires Holdings Co. Ltd. | 23,871 | 361 | ||||
Idec Corp. | 24,679 | 361 | ||||
SAMTY Co. Ltd. | 27,900 | 361 | ||||
Seikagaku Corp. | 36,422 | 361 | ||||
Rorze Corp. | 8,756 | 360 | ||||
S Foods Inc. | 17,036 | 360 | ||||
Bell System24 Holdings Inc. | 30,348 | 359 | ||||
Aida Engineering Ltd. | 52,234 | 359 | ||||
Sanyo Denki Co. Ltd. | 8,159 | 358 | ||||
Chubu Shiryo Co. Ltd. | 23,379 | 358 | ||||
Chugoku Marine Paints Ltd. | 46,736 | 357 | ||||
Pacific Industrial Co. Ltd. | 41,992 | 356 | ||||
Inageya Co. Ltd. | 22,165 | 356 | ||||
^ | Kura Sushi Inc. | 9,155 | 355 | |||
S-Pool Inc. | 51,860 | 354 | ||||
Nishimatsuya Chain Co. Ltd. | 44,780 | 354 | ||||
Aruhi Corp. | 30,621 | 354 | ||||
Bank of Iwate Ltd. | 15,124 | 354 | ||||
Adastria Co. Ltd. | 25,572 | 353 | ||||
* | Optim Corp. | 17,782 | 352 | |||
Marudai Food Co. Ltd. | 19,196 | 350 | ||||
^ | COLOPL Inc. | 42,682 | 349 | |||
Tsukishima Kikai Co. Ltd. | 30,937 | 349 | ||||
Sakata INX Corp. | 38,706 | 346 |
42 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Restar Holdings Corp. | 21,427 | 346 | ||||
Noritz Corp. | 31,041 | 345 | ||||
Uchida Yoko Co. Ltd. | 7,859 | 345 | ||||
^ | Broadleaf Co. Ltd. | 73,826 | 342 | |||
Kanto Denka Kogyo Co. Ltd. | 42,587 | 339 | ||||
Daito Pharmaceutical Co. Ltd. | 10,050 | 338 | ||||
Gree Inc. | 85,839 | 337 | ||||
Oiles Corp. | 26,071 | 337 | ||||
Optex Group Co. Ltd. | 29,568 | 337 | ||||
Mitsubishi Shokuhin Co. Ltd. | 13,335 | 337 | ||||
Ricoh Leasing Co. Ltd. | 12,637 | 336 | ||||
Bank of Nagoya Ltd. | 16,018 | 336 | ||||
Joshin Denki Co. Ltd. | 17,314 | 336 | ||||
* | Mitsui E&S Holdings Co. Ltd. | 59,357 | 335 | |||
Yokohama Reito Co. Ltd. | 39,527 | 334 | ||||
Tokyu Construction Co. Ltd. | 64,480 | 333 | ||||
Computer Engineering & Consulting Ltd. | 21,728 | 332 | ||||
Tsurumi Manufacturing Co. Ltd. | 19,004 | 332 | ||||
Maxell Holdings Ltd. | 35,902 | 330 | ||||
Yamagata Bank Ltd. | 27,958 | 330 | ||||
LIXIL VIVA Corp. | 19,300 | 328 | ||||
Ehime Bank Ltd. | 32,341 | 328 | ||||
Nippon Ceramic Co. Ltd. | 17,710 | 328 | ||||
Vital KSK Holdings Inc. | 32,242 | 327 | ||||
DyDo Group Holdings Inc. | 8,259 | 327 | ||||
Okuwa Co. Ltd. | 23,977 | 326 | ||||
Piolax Inc. | 21,888 | 326 | ||||
*,^ | Chiyoda Corp. | 144,108 | 325 | |||
Musashi Seimitsu Industry Co. Ltd. | 40,004 | 324 | ||||
Itochu Enex Co. Ltd. | 43,588 | 324 | ||||
Star Micronics Co. Ltd. | 29,243 | 323 | ||||
* | M&A Capital Partners Co. Ltd. | 11,544 | 321 | |||
KFC Holdings Japan Ltd. | 13,334 | 321 | ||||
Pack Corp. | 10,146 | 321 | ||||
Toppan Forms Co. Ltd. | 36,516 | 321 | ||||
Torii Pharmaceutical Co. Ltd. | 11,642 | 321 | ||||
Monex Group Inc. | 163,418 | 320 | ||||
Maruzen Showa Unyu Co. Ltd. | 13,638 | 320 | ||||
Nitta Corp. | 17,811 | 319 | ||||
Nishio Rent All Co. Ltd. | 15,433 | 318 | ||||
Furukawa Co. Ltd. | 31,047 | 317 | ||||
Kyokuto Kaihatsu Kogyo Co. Ltd. | 27,062 | 316 | ||||
EPS Holdings Inc. | 30,149 | 314 | ||||
San ju San Financial Group Inc. | 21,973 | 313 | ||||
Organo Corp. | 5,893 | 313 | ||||
Daiho Corp. | 14,924 | 312 | ||||
Nippon Road Co. Ltd. | 5,174 | 312 | ||||
Fukui Bank Ltd. | 21,296 | 312 | ||||
Pressance Corp. | 30,463 | 312 | ||||
J-Oil Mills Inc. | 8,158 | 311 | ||||
Futaba Corp. | 33,235 | 310 | ||||
Sanyo Electric Railway Co. Ltd. | 15,723 | 310 | ||||
Konishi Co. Ltd. | 23,680 | 310 | ||||
Dai-Dan Co. Ltd. | 12,369 | 309 | ||||
Meisei Industrial Co. Ltd. | 42,384 | 308 | ||||
JM Holdings Co. Ltd. | 12,600 | 308 | ||||
Gakken Holdings Co. Ltd. | 18,712 | 308 | ||||
Japan Pulp & Paper Co. Ltd. | 9,249 | 307 | ||||
Onward Holdings Co. Ltd. | 97,959 | 306 | ||||
Hokuto Corp. | 17,105 | 306 | ||||
Geo Holdings Corp. | 23,364 | 306 | ||||
Musashino Bank Ltd. | 24,251 | 305 | ||||
Aoyama Trading Co. Ltd. | 36,082 | 305 | ||||
Starzen Co. Ltd. | 7,466 | 305 |
43 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
TPR Co. Ltd. | 26,072 | 304 | ||||
Mizuno Corp. | 17,515 | 304 | ||||
Miyazaki Bank Ltd. | 14,071 | 303 | ||||
Shikoku Chemicals Corp. | 29,844 | 303 | ||||
Yondoshi Holdings Inc. | 18,618 | 302 | ||||
Key Coffee Inc. | 14,522 | 301 | ||||
Riken Keiki Co. Ltd. | 15,620 | 301 | ||||
Mitsui Sugar Co. Ltd. | 15,029 | 300 | ||||
Sintokogio Ltd. | 43,278 | 299 | ||||
Tamura Corp. | 72,847 | 299 | ||||
Fukushima Galilei Co. Ltd. | 10,148 | 299 | ||||
Kaga Electronics Co. Ltd. | 16,418 | 297 | ||||
Tokushu Tokai Paper Co. Ltd. | 7,860 | 296 | ||||
Daiichi Jitsugyo Co. Ltd. | 8,757 | 296 | ||||
Zuken Inc. | 13,135 | 296 | ||||
Dexerials Corp. | 44,780 | 294 | ||||
Tonami Holdings Co. Ltd. | 5,969 | 294 | ||||
Taihei Dengyo Kaisha Ltd. | 14,230 | 291 | ||||
Nippon Carbon Co. Ltd. | 9,451 | 290 | ||||
TV Asahi Holdings Corp. | 19,500 | 289 | ||||
Ryobi Ltd. | 24,477 | 288 | ||||
Riso Kagaku Corp. | 21,483 | 288 | ||||
Fuji Co. Ltd. | 18,016 | 288 | ||||
Oita Bank Ltd. | 14,429 | 287 | ||||
ValueCommerce Co. Ltd. | 13,900 | 285 | ||||
TSI Holdings Co. Ltd. | 73,484 | 284 | ||||
Doshisha Co. Ltd. | 22,997 | 283 | ||||
Takasago International Corp. | 13,333 | 283 | ||||
Konoike Transport Co. Ltd. | 26,159 | 282 | ||||
Komori Corp. | 39,987 | 281 | ||||
Ines Corp. | 21,388 | 280 | ||||
Riken Vitamin Co. Ltd. | 14,428 | 277 | ||||
Mitsui-Soko Holdings Co. Ltd. | 20,400 | 276 | ||||
Obara Group Inc. | 10,645 | 276 | ||||
Takamatsu Construction Group Co. Ltd. | 13,429 | 276 | ||||
TOC Co. Ltd. | 44,392 | 275 | ||||
Hibiya Engineering Ltd. | 15,995 | 275 | ||||
V Technology Co. Ltd. | 7,958 | 275 | ||||
Aichi Steel Corp. | 10,247 | 274 | ||||
Okabe Co. Ltd. | 38,911 | 273 | ||||
Matsuyafoods Holdings Co. Ltd. | 7,563 | 272 | ||||
*,^ | I'll Inc. | 16,700 | 270 | |||
Sumitomo Densetsu Co. Ltd. | 12,835 | 267 | ||||
Toyo Construction Co. Ltd. | 66,670 | 266 | ||||
Fujibo Holdings Inc. | 9,949 | 266 | ||||
Cawachi Ltd. | 11,246 | 266 | ||||
ESPEC Corp. | 16,612 | 266 | ||||
Kappa Create Co. Ltd. | 21,493 | 264 | ||||
Nissha Co. Ltd. | 36,128 | 264 | ||||
Shin Nippon Air Technologies Co. Ltd. | 12,700 | 264 | ||||
Hosokawa Micron Corp. | 5,771 | 263 | ||||
Unipres Corp. | 29,920 | 262 | ||||
Shin-Etsu Polymer Co. Ltd. | 33,632 | 262 | ||||
Takara Leben Co. Ltd. | 80,012 | 262 | ||||
SBS Holdings Inc. | 15,400 | 260 | ||||
Mitsuboshi Belting Ltd. | 19,001 | 260 | ||||
Shikoku Bank Ltd. | 33,436 | 260 | ||||
Denyo Co. Ltd. | 13,729 | 258 | ||||
Sodick Co. Ltd. | 37,414 | 258 | ||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 12,219 | 258 | ||||
Financial Products Group Co. Ltd. | 54,318 | 258 | ||||
^ | Kitanotatsujin Corp. | 54,100 | 257 | |||
^ | Yamashin-Filter Corp. | 32,899 | 257 | |||
Nippon Kanzai Co. Ltd. | 15,025 | 257 |
44 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Tsubaki Nakashima Co. Ltd. | 36,602 | 257 | ||||
Fujio Food System Co. Ltd. | 20,800 | 255 | ||||
Monogatari Corp. | 4,271 | 254 | ||||
Modec Inc. | 17,909 | 254 | ||||
Futaba Industrial Co. Ltd. | 53,129 | 253 | ||||
Mimasu Semiconductor Industry Co. Ltd. | 13,034 | 252 | ||||
Daikyonishikawa Corp. | 50,945 | 252 | ||||
Megachips Corp. | 16,717 | 251 | ||||
Siix Corp. | 30,836 | 251 | ||||
Central Security Patrols Co. Ltd. | 6,202 | 251 | ||||
Tosei Corp. | 25,773 | 250 | ||||
Sinko Industries Ltd. | 19,209 | 249 | ||||
Zenrin Co. Ltd. | 23,595 | 249 | ||||
Nippon Television Holdings Inc. | 22,262 | 249 | ||||
LEC Inc. | 22,484 | 248 | ||||
Canon Electronics Inc. | 16,916 | 248 | ||||
Aichi Bank Ltd. | 8,459 | 247 | ||||
Kyoei Steel Ltd. | 19,402 | 247 | ||||
Micronics Japan Co. Ltd. | 30,647 | 245 | ||||
Hoosiers Holdings | 43,400 | 245 | ||||
Tachibana Eletech Co. Ltd. | 17,800 | 245 | ||||
Tamron Co. Ltd. | 14,627 | 243 | ||||
Denki Kogyo Co. Ltd. | 10,546 | 243 | ||||
Mitsui High-Tec Inc. | 21,688 | 243 | ||||
Tokyo Kiraboshi Financial Group Inc. | 24,765 | 241 | ||||
* | Change Inc. | 6,200 | 240 | |||
Bando Chemical Industries Ltd. | 40,003 | 238 | ||||
Sanshin Electronics Co. Ltd. | 17,083 | 238 | ||||
Elan Corp. | 15,000 | 238 | ||||
PAL GROUP Holdings Co. Ltd. | 20,302 | 237 | ||||
Arcland Sakamoto Co. Ltd. | 24,880 | 237 | ||||
Qol Holdings Co. Ltd. | 21,327 | 236 | ||||
YAKUODO Holdings Co. Ltd. | 9,952 | 236 | ||||
Hioki EE Corp. | 8,259 | 235 | ||||
Valqua Ltd. | 14,131 | 235 | ||||
Tekken Corp. | 11,842 | 234 | ||||
Sinfonia Technology Co. Ltd. | 24,678 | 234 | ||||
Nichiden Corp. | 12,240 | 233 | ||||
YAMABIKO Corp. | 30,247 | 233 | ||||
FULLCAST Holdings Co. Ltd. | 18,396 | 233 | ||||
Shinko Shoji Co. Ltd. | 28,830 | 232 | ||||
EM Systems Co. Ltd. | 31,500 | 232 | ||||
JVCKenwood Corp. | 145,475 | 231 | ||||
* | Nippon Sheet Glass Co. Ltd. | 73,082 | 231 | |||
Nittetsu Mining Co. Ltd. | 5,672 | 229 | ||||
Anest Iwata Corp. | 29,550 | 229 | ||||
Kenko Mayonnaise Co. Ltd. | 12,438 | 229 | ||||
Goldcrest Co. Ltd. | 15,126 | 228 | ||||
Optorun Co. Ltd. | 8,400 | 228 | ||||
Mie Kotsu Group Holdings Inc. | 51,136 | 228 | ||||
Tachi-S Co. Ltd. | 25,971 | 227 | ||||
* | Intage Holdings Inc. | 31,650 | 226 | |||
Tayca Corp. | 16,188 | 226 | ||||
^ | Sourcenext Corp. | 77,200 | 225 | |||
Sakai Chemical Industry Co. Ltd. | 13,428 | 225 | ||||
Poletowin Pitcrew Holdings Inc. | 27,200 | 225 | ||||
Ichikoh Industries Ltd. | 50,744 | 224 | ||||
Taki Chemical Co. Ltd. | 4,600 | 224 | ||||
Future Corp. | 16,916 | 224 | ||||
Sumitomo Seika Chemicals Co. Ltd. | 8,159 | 224 | ||||
Avex Inc. | 29,555 | 224 | ||||
Oyo Corp. | 19,102 | 224 | ||||
Itochu-Shokuhin Co. Ltd. | 5,076 | 223 | ||||
Icom Inc. | 9,055 | 223 |
45 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Komatsu Matere Co. Ltd. | 31,943 | 223 | ||||
Union Tool Co. | 8,756 | 222 | ||||
TechMatrix Corp. | 8,900 | 222 | ||||
Nagatanien Holdings Co. Ltd. | 10,748 | 221 | ||||
^ | Nextage Co. Ltd. | 32,700 | 221 | |||
VT Holdings Co. Ltd. | 80,194 | 220 | ||||
Alpen Co. Ltd. | 14,328 | 220 | ||||
^ | Noritsu Koki Co. Ltd. | 19,005 | 219 | |||
* | Raksul Inc. | 9,600 | 219 | |||
Keiyo Co. Ltd. | 40,914 | 218 | ||||
Chukyo Bank Ltd. | 11,145 | 218 | ||||
Riken Corp. | 8,160 | 218 | ||||
^ | Rock Field Co. Ltd. | 17,912 | 217 | |||
Iino Kaiun Kaisha Ltd. | 72,895 | 217 | ||||
Marusan Securities Co. Ltd. | 56,829 | 216 | ||||
Koa Corp. | 26,069 | 216 | ||||
Macromill Inc. | 33,987 | 216 | ||||
Nippon Thompson Co. Ltd. | 62,394 | 215 | ||||
Akita Bank Ltd. | 16,024 | 215 | ||||
Asahi Diamond Industrial Co. Ltd. | 48,160 | 214 | ||||
*,^ | BrainPad Inc. | 4,380 | 214 | |||
Pacific Metals Co. Ltd. | 13,833 | 213 | ||||
Belluna Co. Ltd. | 45,177 | 211 | ||||
^ | Kyosan Electric Manufacturing Co. Ltd. | 44,483 | 211 | |||
^ | Matsuya Co. Ltd. | 36,619 | 211 | |||
Advan Co. Ltd. | 20,987 | 210 | ||||
Yamanashi Chuo Bank Ltd. | 28,156 | 210 | ||||
Daido Metal Co. Ltd. | 41,934 | 209 | ||||
Sinanen Holdings Co. Ltd. | 8,160 | 209 | ||||
Sagami Holdings Corp. | 18,211 | 209 | ||||
Daiken Corp. | 14,035 | 209 | ||||
OSJB Holdings Corp. | 96,929 | 208 | ||||
Towa Bank Ltd. | 33,647 | 208 | ||||
Rheon Automatic Machinery Co. Ltd. | 18,386 | 208 | ||||
*,^ | Japan Display Inc. | 513,839 | 208 | |||
Kyokuyo Co. Ltd. | 8,657 | 207 | ||||
Japan Transcity Corp. | 45,176 | 206 | ||||
Feed One Co. Ltd. | 132,342 | 206 | ||||
CONEXIO Corp. | 15,324 | 206 | ||||
Sankyo Tateyama Inc. | 24,977 | 206 | ||||
Daiwa Industries Ltd. | 23,977 | 206 | ||||
Toa Corp. | 15,618 | 205 | ||||
Media Do Holdings Co. Ltd. | 5,330 | 204 | ||||
St. Marc Holdings Co. Ltd. | 12,234 | 204 | ||||
Nihon Chouzai Co. Ltd. | 12,338 | 204 | ||||
Kintetsu Department Store Co. Ltd. | 8,458 | 204 | ||||
ASKA Pharmaceutical Co. Ltd. | 19,704 | 204 | ||||
AOKI Holdings Inc. | 33,423 | 203 | ||||
Chiyoda Co. Ltd. | 21,187 | 203 | ||||
Foster Electric Co. Ltd. | 18,598 | 202 | ||||
Kanagawa Chuo Kotsu Co. Ltd. | 5,370 | 202 | ||||
Alconix Corp. | 19,620 | 202 | ||||
Sun Frontier Fudousan Co. Ltd. | 25,204 | 200 | ||||
Daikokutenbussan Co. Ltd. | 4,877 | 200 | ||||
Fixstars Corp. | 19,900 | 200 | ||||
Nissin Sugar Co. Ltd. | 11,300 | 200 | ||||
Toenec Corp. | 6,568 | 199 | ||||
Dai Nippon Toryo Co. Ltd. | 23,286 | 199 | ||||
SWCC Showa Holdings Co. Ltd. | 19,399 | 199 | ||||
G-Tekt Corp. | 19,404 | 198 | ||||
OPT Holding Inc. | 14,700 | 198 | ||||
Kamei Corp. | 20,196 | 198 | ||||
Toyo Corp. | 20,795 | 198 | ||||
IDOM Inc. | 49,353 | 198 |
46 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000) | |||||
Press Kogyo Co. Ltd. | 79,693 | 196 | ||||
Enplas Corp. | 9,351 | 196 | ||||
Yorozu Corp. | 18,513 | 196 | ||||
Mitsubishi Research Institute Inc. | 5,771 | 196 | ||||
Tanseisha Co. Ltd. | 30,449 | 195 | ||||
Insource Co. Ltd. | 8,900 | 195 | ||||
Riso Kyoiku Co. Ltd. | 82,000 | 195 | ||||
Arcland Service Holdings Co. Ltd. | 12,536 | 195 | ||||
Amuse Inc. | 9,354 | 194 | ||||
Nippon Yakin Kogyo Co. Ltd. | 12,631 | 194 | ||||
Towa Corp. | 22,438 | 194 | ||||
Tenma Corp. | 13,434 | 194 | ||||
Topy Industries Ltd. | 16,518 | 193 | ||||
ES-Con Japan Ltd. | 28,600 | 192 | ||||
Achilles Corp. | 13,030 | 192 | ||||
Genky DrugStores Co. Ltd. | 8,400 | 191 | ||||
Kanaden Corp. | 16,616 | 191 | ||||
Kansai Super Market Ltd. | 18,112 | 191 | ||||
Shibusawa Warehouse Co. Ltd. | 9,156 | 190 | ||||
Ishihara Sangyo Kaisha Ltd. | 32,039 | 190 | ||||
Osaki Electric Co. Ltd. | 39,610 | 190 | ||||
KAWADA TECHNOLOGIES Inc. | 4,080 | 190 | ||||
Nissei ASB Machine Co. Ltd. | 7,063 | 190 | ||||
Teikoku Electric Manufacturing Co. Ltd. | 15,418 | 189 | ||||
Yurtec Corp. | 33,551 | 188 | ||||
Katakura Industries Co. Ltd. | 19,501 | 188 | ||||
LIFULL Co. Ltd. | 61,339 | 187 | ||||
Fujiya Co. Ltd. | 9,951 | 187 | ||||
* | Curves Holdings Co. Ltd. | 38,968 | 187 | |||
Halows Co. Ltd. | 6,661 | 185 | ||||
Sanyo Special Steel Co. Ltd. | 21,177 | 185 | ||||
Stella Chemifa Corp. | 8,459 | 184 | ||||
Kyodo Printing Co. Ltd. | 7,165 | 184 | ||||
CI Takiron Corp. | 33,820 | 184 | ||||
Fukuda Corp. | 4,776 | 184 | ||||
Sumitomo Riko Co. Ltd. | 34,333 | 184 | ||||
Koshidaka Holdings Co. Ltd. | 42,168 | 183 | ||||
Arakawa Chemical Industries Ltd. | 15,422 | 183 | ||||
K&O Energy Group Inc. | 12,436 | 183 | ||||
GLOBERIDE Inc. | 10,200 | 182 | ||||
World Co. Ltd. | 15,500 | 182 | ||||
Toyo Tanso Co. Ltd. | 13,235 | 182 | ||||
SB Technology Corp. | 7,300 | 181 | ||||
* | KLab Inc. | 26,764 | 181 | |||
Weathernews Inc. | 5,274 | 180 | ||||
Akatsuki Inc. | 4,800 | 180 | ||||
Tsukui Corp. | 43,784 | 179 | ||||
FIDEA Holdings Co. Ltd. | 178,902 | 179 | ||||
Hochiki Corp. | 13,600 | 178 | ||||
Warabeya Nichiyo Holdings Co. Ltd. | 12,239 | 178 | ||||
Riken Technos Corp. | 43,193 | 177 | ||||
Xebio Holdings Co. Ltd. | 21,398 | 177 | ||||
Koatsu Gas Kogyo Co. Ltd. | 25,873 | 177 | ||||
France Bed Holdings Co. Ltd. | 21,498 | 176 | ||||
Kamakura Shinsho Ltd. | 17,600 | 175 | ||||
Alpha Systems Inc. | 5,967 | 175 | ||||
Kurimoto Ltd. | 10,545 | 175 | ||||
* | Atrae Inc. | 7,338 | 175 | |||
Hodogaya Chemical Co. Ltd. | 5,373 | 174 | ||||
Fukui Computer Holdings Inc. | 6,469 | 173 | ||||
Shinwa Co. Ltd. | 10,449 | 173 | ||||
^ | JDC Corp. | 35,500 | 173 | |||
Chiyoda Integre Co. Ltd. | 10,546 | 172 | ||||
Toho Titanium Co. Ltd. | 30,250 | 171 |
47 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Pasona Group Inc. | 17,220 | 171 | ||||
FAN Communications Inc. | 40,603 | 171 | ||||
Nippon Chemi-Con Corp. | 15,096 | 170 | ||||
Yahagi Construction Co. Ltd. | 22,986 | 170 | ||||
Shindengen Electric Manufacturing Co. Ltd. | 7,364 | 170 | ||||
Shinnihon Corp. | 23,682 | 169 | ||||
Nippon Parking Development Co. Ltd. | 139,410 | 168 | ||||
Neturen Co. Ltd. | 30,740 | 167 | ||||
Cosel Co. Ltd. | 19,897 | 167 | ||||
* | Toho Zinc Co. Ltd. | 13,638 | 166 | |||
CMK Corp. | 42,981 | 166 | ||||
Furuno Electric Co. Ltd. | 22,289 | 166 | ||||
Nichiban Co. Ltd. | 11,800 | 165 | ||||
WDB Holdings Co. Ltd. | 7,076 | 165 | ||||
Nitto Kohki Co. Ltd. | 9,450 | 165 | ||||
WATAMI Co. Ltd. | 17,118 | 164 | ||||
Eagle Industry Co. Ltd. | 25,976 | 163 | ||||
Japan Medical Dynamic Marketing Inc. | 11,155 | 162 | ||||
Aichi Corp. | 24,182 | 162 | ||||
RS Technologies Co. Ltd. | 6,700 | 161 | ||||
Hokkaido Gas Co. Ltd. | 10,949 | 160 | ||||
Aisan Industry Co. Ltd. | 30,051 | 159 | ||||
Godo Steel Ltd. | 8,458 | 159 | ||||
ST Corp. | 11,249 | 159 | ||||
Juki Corp. | 28,863 | 158 | ||||
Aiphone Co. Ltd. | 11,145 | 158 | ||||
Nissin Corp. | 10,749 | 158 | ||||
Ministop Co. Ltd. | 11,444 | 158 | ||||
Nippon Beet Sugar Manufacturing Co. Ltd. | 10,051 | 157 | ||||
* | Unitika Ltd. | 52,343 | 157 | |||
G-7 Holdings Inc. | 7,200 | 156 | ||||
Industrial & Infrastructure Fund Investment Corp. | 112 | 156 | ||||
Chori Co. Ltd. | 9,952 | 155 | ||||
Michinoku Bank Ltd. | 15,126 | 154 | ||||
Tatsuta Electric Wire and Cable Co. Ltd. | 31,744 | 154 | ||||
BRONCO BILLY Co. Ltd. | 8,059 | 154 | ||||
* | Vision Inc. | 22,313 | 154 | |||
* | RPA Holdings Inc. | 23,122 | 153 | |||
^ | J Trust Co. Ltd. | 77,543 | 150 | |||
ZIGExN Co. Ltd. | 51,600 | 150 | ||||
Onoken Co. Ltd. | 14,130 | 150 | ||||
* | OSAKA Titanium Technologies Co. Ltd. | 17,314 | 150 | |||
* | Nippon Sharyo Ltd. | 5,868 | 150 | |||
Shimizu Bank Ltd. | 8,863 | 149 | ||||
Asahi Co. Ltd. | 12,343 | 148 | ||||
Fuji Pharma Co. Ltd. | 13,730 | 148 | ||||
* | Nippon Denko Co. Ltd. | 107,376 | 148 | |||
Dai-ichi Seiko Co. Ltd. | 6,966 | 148 | ||||
Yonex Co. Ltd. | 33,828 | 148 | ||||
^ | YA-MAN Ltd. | 23,370 | 147 | |||
CTS Co. Ltd. | 26,491 | 147 | ||||
Jimoto Holdings Inc. | 164,489 | 147 | ||||
Fudo Tetra Corp. | 11,771 | 147 | ||||
Ryoden Corp. | 11,940 | 147 | ||||
PC Depot Corp. | 29,370 | 147 | ||||
Tochigi Bank Ltd. | 101,542 | 146 | ||||
Nihon Nohyaku Co. Ltd. | 36,481 | 146 | ||||
JSP Corp. | 11,248 | 145 | ||||
Rokko Butter Co. Ltd. | 10,944 | 145 | ||||
Matsuda Sangyo Co. Ltd. | 11,843 | 145 | ||||
Honeys Holdings Co. Ltd. | 14,230 | 144 | ||||
Sankyo Seiko Co. Ltd. | 33,535 | 144 | ||||
JAC Recruitment Co. Ltd. | 13,734 | 144 | ||||
Tokyo Electron Device Ltd. | 5,672 | 143 |
48 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Kita-Nippon Bank Ltd. | 7,964 | 143 | ||||
Zuiko Corp. | 3,482 | 143 | ||||
Maezawa Kasei Industries Co. Ltd. | 14,243 | 143 | ||||
Sparx Group Co. Ltd. | 88,900 | 142 | ||||
Roland DG Corp. | 11,546 | 142 | ||||
^ | PIA Corp. | 5,171 | 141 | |||
Pronexus Inc. | 13,931 | 140 | ||||
Happinet Corp. | 14,134 | 139 | ||||
Moriroku Holdings Co. Ltd. | 10,200 | 139 | ||||
Toho Co. Ltd. | 8,659 | 139 | ||||
Wowow Inc. | 5,849 | 139 | ||||
Fuso Pharmaceutical Industries Ltd. | 6,867 | 138 | ||||
Torishima Pump Manufacturing Co. Ltd. | 20,201 | 138 | ||||
Toa Corp. | 20,697 | 137 | ||||
Iseki & Co. Ltd. | 12,431 | 137 | ||||
^ | Link And Motivation Inc. | 41,500 | 137 | |||
GCA Corp. | 22,696 | 137 | ||||
Sekisui Plastics Co. Ltd. | 24,382 | 136 | ||||
Marvelous Inc. | 27,269 | 136 | ||||
MTI Ltd. | 26,378 | 135 | ||||
* | Vector Inc. | 20,594 | 135 | |||
Sanoh Industrial Co. Ltd. | 20,698 | 134 | ||||
Mars Group Holdings Corp. | 8,558 | 134 | ||||
Krosaki Harima Corp. | 3,781 | 133 | ||||
Hokkan Holdings Ltd. | 9,355 | 132 | ||||
ASAHI YUKIZAI Corp. | 11,044 | 132 | ||||
Hisaka Works Ltd. | 19,202 | 132 | ||||
Tv Tokyo Holdings Corp. | 5,874 | 131 | ||||
* | Mitsuba Corp. | 30,939 | 130 | |||
Studio Alice Co. Ltd. | 9,656 | 130 | ||||
Tomoku Co. Ltd. | 9,056 | 130 | ||||
Meiko Network Japan Co. Ltd. | 17,815 | 129 | ||||
Melco Holdings Inc. | 5,559 | 129 | ||||
Toyo Kanetsu KK | 7,260 | 129 | ||||
JP-Holdings Inc. | 51,145 | 128 | ||||
Taisei Lamick Co. Ltd. | 5,274 | 128 | ||||
Tokyo Energy & Systems Inc. | 18,910 | 128 | ||||
Ichiyoshi Securities Co. Ltd. | 30,438 | 127 | ||||
Bank of Saga Ltd. | 12,244 | 127 | ||||
Tosho Co. Ltd. | 14,031 | 127 | ||||
Sumida Corp. | 19,355 | 126 | ||||
Gurunavi Inc. | 23,384 | 125 | ||||
SRA Holdings | 6,168 | 123 | ||||
NS United Kaiun Kaisha Ltd. | 9,155 | 122 | ||||
SMK Corp. | 5,074 | 121 | ||||
Gun-Ei Chemical Industry Co. Ltd. | 5,077 | 121 | ||||
Osaka Steel Co. Ltd. | 11,048 | 121 | ||||
Yushin Precision Equipment Co. Ltd. | 19,504 | 120 | ||||
Artnature Inc. | 19,006 | 120 | ||||
* | COOKPAD Inc. | 39,391 | 120 | |||
NEC Capital Solutions Ltd. | 6,866 | 119 | ||||
* | Akebono Brake Industry Co. Ltd. | 64,876 | 119 | |||
Central Sports Co. Ltd. | 5,746 | 118 | ||||
Kitano Construction Corp. | 4,880 | 118 | ||||
CMIC Holdings Co. Ltd. | 8,158 | 117 | ||||
Kourakuen Holdings Corp. | 8,557 | 116 | ||||
Okura Industrial Co. Ltd. | 7,964 | 116 | ||||
Kato Works Co. Ltd. | 10,150 | 116 | ||||
Maezawa Kyuso Industries Co. Ltd. | 6,258 | 115 | ||||
^ | Yomiuri Land Co. Ltd. | 3,582 | 115 | |||
Fujikura Kasei Co. Ltd. | 24,890 | 115 | ||||
BeNEXT Group Inc. | 18,174 | 114 | ||||
Chuetsu Pulp & Paper Co. Ltd. | 9,059 | 114 | ||||
^ | Fujita Kanko Inc. | 6,965 | 112 |
49 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Elematec Corp. | 14,728 | 112 | ||||
World Holdings Co. Ltd. | 8,400 | 111 | ||||
Itoki Corp. | 36,814 | 111 | ||||
* | Medical Data Vision Co. Ltd. | 15,826 | 111 | |||
Nihon Tokushu Toryo Co. Ltd. | 13,800 | 110 | ||||
Nihon Trim Co. Ltd. | 3,879 | 109 | ||||
Kasai Kogyo Co. Ltd. | 23,383 | 109 | ||||
Nippon Prologis REIT Inc. | 39 | 108 | ||||
Hakuto Co. Ltd. | 11,645 | 106 | ||||
Yushiro Chemical Industry Co. Ltd. | 9,952 | 106 | ||||
Sanei Architecture Planning Co. Ltd. | 9,400 | 104 | ||||
Tsukuba Bank Ltd. | 65,244 | 104 | ||||
Seika Corp. | 9,954 | 104 | ||||
Toli Corp. | 43,495 | 103 | ||||
CAC Holdings Corp. | 10,247 | 103 | ||||
Kitagawa Corp. | 7,164 | 101 | ||||
Chuo Spring Co. Ltd. | 3,982 | 101 | ||||
^ | Tokyo Individualized Educational Institute Inc. | 20,004 | 100 | |||
^ | Shin Nippon Biomedical Laboratories Ltd. | 17,210 | 100 | |||
^ | Aeon Fantasy Co. Ltd. | 6,370 | 100 | |||
Shimojima Co. Ltd. | 8,651 | 100 | ||||
Daiwa House REIT Investment Corp. | 41 | 99 | ||||
Daisyo Corp. | 8,858 | 99 | ||||
Chiba Kogyo Bank Ltd. | 45,077 | 98 | ||||
Mitsui Matsushima Holdings Co. Ltd. | 12,541 | 97 | ||||
* | Open Door Inc. | 10,900 | 97 | |||
Fujitsu Frontech Ltd. | 9,551 | 95 | ||||
Mitsubishi Paper Mills Ltd. | 26,469 | 93 | ||||
* | Gunosy Inc. | 11,600 | 93 | |||
Kyokuto Securities Co. Ltd. | 20,100 | 92 | ||||
Inaba Seisakusho Co. Ltd. | 7,463 | 91 | ||||
Proto Corp. | 10,100 | 90 | ||||
CHIMNEY Co. Ltd. | 5,968 | 90 | ||||
Sac's Bar Holdings Inc. | 17,116 | 88 | ||||
Japan Best Rescue System Co. Ltd. | 12,400 | 88 | ||||
Corona Corp. Class A | 9,840 | 87 | ||||
Toa Oil Co. Ltd. | 5,273 | 86 | ||||
Tsutsumi Jewelry Co. Ltd. | 5,567 | 86 | ||||
* | W-Scope Corp. | 25,883 | 85 | |||
* | KNT-CT Holdings Co. Ltd. | 10,149 | 85 | |||
Takaoka Toko Co. Ltd. | 9,752 | 84 | ||||
* | Istyle Inc. | 37,976 | 84 | |||
Hito Communications Holdings Inc. | 9,253 | 83 | ||||
Space Value Holdings Co. Ltd. | 26,366 | 83 | ||||
* | Toyo Engineering Corp. | 23,694 | 83 | |||
Namura Shipbuilding Co. Ltd. | 46,954 | 80 | ||||
Gecoss Corp. | 9,850 | 79 | ||||
Takihyo Co. Ltd. | 5,276 | 79 | ||||
Airport Facilities Co. Ltd. | 19,815 | 79 | ||||
^ | Linical Co. Ltd. | 9,651 | 79 | |||
* | Mitsubishi Steel Manufacturing Co. Ltd. | 10,847 | 78 | |||
Cleanup Corp. | 16,030 | 77 | ||||
* | Sanden Holdings Corp. | 23,691 | 76 | |||
Kojima Co. Ltd. | 20,493 | 75 | ||||
Sanyo Shokai Ltd. | 8,848 | 74 | ||||
Japan Cash Machine Co. Ltd. | 14,225 | 73 | ||||
Nisso Corp. | 16,400 | 72 | ||||
Fuji Oil Co. Ltd. | 41,394 | 71 | ||||
Nippon Coke & Engineering Co. Ltd. | 136,722 | 71 | ||||
^ | Ohara Inc. | 8,300 | 70 | |||
Takamiya Co. Ltd. | 17,916 | 70 | ||||
Daikoku Denki Co. Ltd. | 6,368 | 69 | ||||
Airtrip Corp. | 7,500 | 67 | ||||
Mitsui Fudosan Logistics Park Inc. | 17 | 67 |
50 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Taiho Kogyo Co. Ltd. | 13,235 | 64 | ||||
Paris Miki Holdings Inc. | 24,996 | 62 | ||||
* | Funai Electric Co. Ltd. | 13,832 | 57 | |||
Ateam Inc. | 8,657 | 57 | ||||
* | Tokyo Rope Manufacturing Co. Ltd. | 11,544 | 57 | |||
Jamco Corp. | 9,155 | 56 | ||||
Sumitomo Precision Products Co. Ltd. | 2,686 | 55 | ||||
^ | Pepper Food Service Co. Ltd. | 12,600 | 55 | |||
* | Aplus Financial Co. Ltd. | 90,572 | 53 | |||
* | FDK Corp. | 10,764 | 51 | |||
* | Tokyo Base Co. Ltd. | 18,700 | 50 | |||
*,^ | Right On Co. Ltd. | 10,250 | 45 | |||
Maxvalu Tokai Co. Ltd. | 1,900 | 39 | ||||
Fields Corp. | 11,741 | 36 | ||||
Nakayama Steel Works Ltd. | 9,829 | 34 | ||||
* | Tateru Inc. | 32,365 | 34 | |||
Tokyo Rakutenchi Co. Ltd. | 789 | 30 | ||||
* | Laox Co. Ltd. | 20,983 | 28 | |||
3,346,339 | ||||||
New Zealand (0.9%) | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 512,318 | 8,559 | ||||
* | a2 Milk Co. Ltd. | 658,914 | 7,842 | |||
Spark New Zealand Ltd. | 1,673,447 | 4,529 | ||||
Auckland International Airport Ltd. | 1,005,975 | 3,715 | ||||
Meridian Energy Ltd. | 1,116,113 | 3,041 | ||||
Ryman Healthcare Ltd. | 371,937 | 2,713 | ||||
Contact Energy Ltd. | 655,602 | 2,500 | ||||
Mercury NZ Ltd. | 616,474 | 1,714 | ||||
Chorus Ltd. | 391,509 | 1,709 | ||||
Fletcher Building Ltd. | 748,689 | 1,677 | ||||
Goodman Property Trust | 998,224 | 1,369 | ||||
Infratil Ltd. | 431,306 | 1,208 | ||||
EBOS Group Ltd. | 83,940 | 1,134 | ||||
SKYCITY Entertainment Group Ltd. | 614,379 | 992 | ||||
Kiwi Property Group Ltd. | 1,435,927 | 841 | ||||
Precinct Properties New Zealand Ltd. | 854,327 | 830 | ||||
Genesis Energy Ltd. | 445,164 | 761 | ||||
Summerset Group Holdings Ltd. | 196,787 | 726 | ||||
Z Energy Ltd. | 331,591 | 625 | ||||
Freightways Ltd. | 127,963 | 520 | ||||
Vital Healthcare Property Trust | 346,570 | 509 | ||||
Argosy Property Ltd. | 779,257 | 503 | ||||
Vector Ltd. | 231,840 | 499 | ||||
* | Pushpay Holdings Ltd. | 158,364 | 414 | |||
Metlifecare Ltd. | 158,885 | 407 | ||||
* | Synlait Milk Ltd. | 89,863 | 375 | |||
Air New Zealand Ltd. | 459,458 | 375 | ||||
Scales Corp. Ltd. | 104,209 | 308 | ||||
Kathmandu Holdings Ltd. | 483,336 | 232 | ||||
Heartland Group Holdings Ltd. | 286,704 | 197 | ||||
* | Restaurant Brands New Zealand Ltd. | 23,921 | 175 | |||
* | Oceania Healthcare Ltd. | 326,802 | 152 | |||
Vista Group International Ltd. | 150,953 | 114 | ||||
New Zealand Refining Co. Ltd. | 177,813 | 100 | ||||
^ | Tourism Holdings Ltd. | 124,256 | 97 | |||
* | SKY Network Television Ltd. | 386,934 | 66 | |||
51,528 | ||||||
Singapore (2.9%) | ||||||
DBS Group Holdings Ltd. | 1,628,813 | 22,932 | ||||
Oversea-Chinese Banking Corp. Ltd. | 3,119,497 | 19,903 | ||||
United Overseas Bank Ltd. | 1,163,990 | 16,632 | ||||
Singapore Telecommunications Ltd. | 6,733,815 | 13,456 | ||||
Ascendas REIT | 2,663,956 | 5,571 | ||||
Keppel Corp. Ltd. | 1,297,760 | 5,479 |
51 |
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Singapore Exchange Ltd. | 744,218 | 5,075 | ||||
* | CapitaLand Ltd. | 2,254,705 | 4,784 | |||
Wilmar International Ltd. | 1,764,022 | 4,442 | ||||
Singapore Technologies Engineering Ltd. | 1,384,130 | 3,352 | ||||
Mapletree Logistics Trust | 2,303,070 | 2,917 | ||||
Genting Singapore Ltd. | 5,218,294 | 2,895 | ||||
CapitaLand Mall Trust | 2,174,133 | 2,893 | ||||
CapitaLand Commercial Trust | 2,473,447 | 2,811 | ||||
Mapletree Commercial Trust | 1,979,937 | 2,726 | ||||
Venture Corp. Ltd. | 234,416 | 2,620 | ||||
Mapletree Industrial Trust | 1,395,327 | 2,505 | ||||
City Developments Ltd. | 425,317 | 2,377 | ||||
ComfortDelGro Corp. Ltd. | 1,860,104 | 2,169 | ||||
UOL Group Ltd. | 445,397 | 2,142 | ||||
Singapore Airlines Ltd. | 459,173 | 1,986 | ||||
NetLink NBN Trust | 2,647,000 | 1,873 | ||||
Suntec REIT | 1,879,066 | 1,856 | ||||
Keppel DC REIT | 1,095,986 | 1,817 | ||||
Frasers Logistics & Industrial Trust | 2,268,956 | 1,698 | ||||
Singapore Press Holdings Ltd. | 1,418,657 | 1,523 | ||||
Keppel REIT | 1,783,082 | 1,332 | ||||
SATS Ltd. | 572,141 | 1,326 | ||||
Mapletree North Asia Commercial Trust | 1,935,600 | 1,286 | ||||
Jardine Cycle & Carriage Ltd. | 89,127 | 1,267 | ||||
Keppel Infrastructure Trust | 3,230,480 | 1,131 | ||||
Ascott Residence Trust | 1,611,198 | 1,014 | ||||
Frasers Centrepoint Trust | 644,077 | 968 | ||||
Sembcorp Industries Ltd. | 826,068 | 946 | ||||
Manulife US REIT | 1,198,775 | 862 | ||||
Parkway Life REIT | 321,454 | 751 | ||||
Singapore Post Ltd. | 1,334,429 | 688 | ||||
Ascendas India Trust | 739,500 | 661 | ||||
* | Golden Agri-Resources Ltd. | 5,805,850 | 638 | |||
Olam International Ltd. | 575,300 | 609 | ||||
Hutchison Port Holdings Trust | 4,587,499 | 595 | ||||
CapitaLand Retail China Trust | 620,389 | 590 | ||||
OUE Commercial REIT | 1,984,116 | 566 | ||||
StarHub Ltd. | 486,070 | 512 | ||||
Raffles Medical Group Ltd. | 769,537 | 473 | ||||
Esr-Reit | 1,947,479 | 467 | ||||
CDL Hospitality Trusts | 669,153 | 460 | ||||
Keppel Pacific Oak US REIT | 709,900 | 451 | ||||
Starhill Global REIT | 1,229,801 | 433 | ||||
Wing Tai Holdings Ltd. | 343,252 | 420 | ||||
Sheng Siong Group Ltd. | 398,299 | 417 | ||||
First Resources Ltd. | 464,389 | 413 | ||||
AIMS APAC REIT | 507,000 | 411 | ||||
ARA LOGOS Logistics Trust | 1,006,826 | 383 | ||||
* | Sembcorp Marine Ltd. | 716,866 | 379 | |||
SPH REIT | 575,920 | 332 | ||||
Far East Hospitality Trust | 879,789 | 323 | ||||
SIA Engineering Co. Ltd. | 225,809 | 298 | ||||
Frasers Property Ltd. | 327,100 | 284 | ||||
Cromwell European REIT | 653,900 | 281 | ||||
First REIT | 478,489 | 270 | ||||
Frasers Hospitality Trust | 755,000 | 264 | ||||
Accordia Golf Trust | 651,538 | 262 | ||||
Thomson Medical Group Ltd. | 5,952,100 | 257 | ||||
§ | Best World International Ltd. | 259,100 | 248 | |||
Soilbuild Business Space REIT | 872,868 | 233 | ||||
Sabana Shari'ah Compliant Industrial REIT | 957,259 | 220 | ||||
Lippo Malls Indonesia Retail Trust | 1,905,914 | 195 | ||||
* | Yoma Strategic Holdings Ltd. | 973,047 | 136 | |||
Asian Pay Television Trust | 1,408,974 | 130 |
52
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Silverlake Axis Ltd. | 702,936 | 119 | ||||
§ | Eagle Hospitality Trust | 700,500 | 96 | |||
Bumitama Agri Ltd. | 289,847 | 87 | ||||
*,§ | Hyflux Ltd. | 516,932 | 77 | |||
*,§ | Noble Group Ltd. | 1,004,977 | 58 | |||
*,§,^ | Ezra Holdings Ltd. | 1,786,900 | 14 | |||
*,^ | Ezion Holdings Ltd. Warrants Exp. 04/16/2023 | 1,048,679 | — | |||
163,067 | ||||||
South Korea (11.3%) | ||||||
Samsung Electronics Co. Ltd. | 4,247,840 | 174,661 | ||||
SK Hynix Inc. | 466,594 | 32,110 | ||||
Samsung Electronics Co. Ltd. Preference Shares | 748,667 | 25,953 | ||||
NAVER Corp. | 120,450 | 19,529 | ||||
*,^ | Celltrion Inc. | 93,236 | 16,115 | |||
LG Chem Ltd. | 41,319 | 12,838 | ||||
Samsung SDI Co. Ltd. | 47,377 | 11,192 | ||||
Shinhan Financial Group Co. Ltd. | 427,986 | 10,851 | ||||
Hyundai Motor Co. | 130,812 | 10,111 | ||||
KB Financial Group Inc. | 349,599 | 10,002 | ||||
Posco | 61,486 | 9,291 | ||||
LG Household & Health Care Ltd. | 7,899 | 8,957 | ||||
Hyundai Mobis Co. Ltd. | 58,868 | 8,323 | ||||
NCSoft Corp. | 15,092 | 7,996 | ||||
Kakao Corp. | 44,903 | 6,786 | ||||
KT&G Corp. | 99,652 | 6,654 | ||||
Samsung C&T Corp. | 75,351 | 6,598 | ||||
Hana Financial Group Inc. | 260,018 | 5,936 | ||||
*,1 | Samsung Biologics Co. Ltd. | 12,015 | 5,739 | |||
Kia Motors Corp. | 232,136 | 5,670 | ||||
Samsung Electro-Mechanics Co. Ltd. | 50,124 | 4,686 | ||||
Samsung Fire & Marine Insurance Co. Ltd. | 29,860 | 4,683 | ||||
* | Korea Electric Power Corp. | 230,182 | 4,499 | |||
SK Holdings Co. Ltd. | 29,938 | 4,469 | ||||
LG Electronics Inc. | 97,363 | 4,382 | ||||
* | Celltrion Healthcare Co. Ltd. | 60,142 | 4,168 | |||
SK Innovation Co. Ltd. | 51,591 | 4,162 | ||||
Amorepacific Corp. | 28,580 | 4,140 | ||||
LG Corp. | 81,193 | 4,131 | ||||
Samsung SDS Co. Ltd. | 28,641 | 3,821 | ||||
SK Telecom Co. Ltd. | 20,987 | 3,648 | ||||
Woori Financial Group Inc. | 488,416 | 3,382 | ||||
Korea Zinc Co. Ltd. | 8,920 | 2,835 | ||||
* | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 38,772 | 2,630 | |||
Coway Co. Ltd. | 50,643 | 2,567 | ||||
*,^ | HLB Inc. | 30,540 | 2,395 | |||
Lotte Chemical Corp. | 13,261 | 2,357 | ||||
Samsung Life Insurance Co. Ltd. | 57,222 | 2,321 | ||||
S-Oil Corp. | 36,973 | 2,123 | ||||
Orion Corp. | 19,617 | 2,010 | ||||
Kangwon Land Inc. | 95,730 | 1,978 | ||||
Hyundai Motor Co. 2nd Preference Shares | 40,496 | 1,956 | ||||
Hotel Shilla Co. Ltd. | 27,886 | 1,950 | ||||
Hanjin Kal Corp. | 26,816 | 1,918 | ||||
LG Uplus Corp. | 174,616 | 1,917 | ||||
Hyundai Engineering & Construction Co. Ltd. | 65,354 | 1,895 | ||||
Hyundai Heavy Industries Holdings Co. Ltd. | 9,365 | 1,870 | ||||
* | LG Display Co. Ltd. | 200,770 | 1,822 | |||
Daelim Industrial Co. Ltd. | 24,525 | 1,770 | ||||
E-MART Inc. | 17,802 | 1,754 | ||||
CJ CheilJedang Corp. | 7,194 | 1,618 | ||||
Yuhan Corp. | 41,516 | 1,613 | ||||
Industrial Bank of Korea | 245,359 | 1,598 | ||||
Mirae Asset Daewoo Co. Ltd. | 336,706 | 1,552 |
53
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
DB Insurance Co. Ltd. | 42,341 | 1,547 | ||||
GS Holdings Corp. | 46,047 | 1,449 | ||||
Korea Investment Holdings Co. Ltd. | 34,251 | 1,418 | ||||
Samsung Securities Co. Ltd. | 56,945 | 1,411 | ||||
Hanmi Pharm Co. Ltd. | 6,526 | 1,392 | ||||
Hyundai Glovis Co. Ltd. | 16,569 | 1,385 | ||||
* | Samsung Heavy Industries Co. Ltd. | 391,872 | 1,377 | |||
LG Innotek Co. Ltd. | 12,675 | 1,373 | ||||
Shinsegae Inc. | 6,193 | 1,344 | ||||
Fila Holdings Corp. | 46,986 | 1,343 | ||||
* | Samsung Engineering Co. Ltd. | 141,833 | 1,339 | |||
*,^ | KMW Co. Ltd. | 25,993 | 1,295 | |||
Amorepacific Group | 26,202 | 1,254 | ||||
Korea Aerospace Industries Ltd. | 58,023 | 1,224 | ||||
S-1 Corp. | 17,094 | 1,216 | ||||
*,1 | Netmarble Corp. | 15,297 | 1,202 | |||
Hyundai Steel Co. | 67,327 | 1,197 | ||||
Douzone Bizon Co. Ltd. | 16,346 | 1,185 | ||||
Hankook Tire & Technology Co. Ltd. | 67,192 | 1,179 | ||||
Hyundai Marine & Fire Insurance Co. Ltd. | 54,396 | 1,176 | ||||
LG Household & Health Care Ltd. Preference Shares | 1,910 | 1,136 | ||||
*,^ | Helixmith Co. Ltd. | 20,581 | 1,124 | |||
BNK Financial Group Inc. | 264,666 | 1,101 | ||||
GS Engineering & Construction Corp. | 52,259 | 1,091 | ||||
Hanon Systems | 144,103 | 1,085 | ||||
Kumho Petrochemical Co. Ltd. | 15,855 | 1,000 | ||||
^ | Seegene Inc. | 12,939 | 975 | |||
*,^ | Celltrion Pharm Inc. | 16,541 | 962 | |||
LG Chem Ltd. Preference Shares | 6,465 | 918 | ||||
NH Investment & Securities Co. Ltd. | 115,113 | 916 | ||||
CJ ENM Co. Ltd. | 8,639 | 909 | ||||
Cheil Worldwide Inc. | 62,173 | 907 | ||||
* | Pearl Abyss Corp. | 5,524 | 874 | |||
Hanwha Solutions Corp. | 72,808 | 871 | ||||
* | Genexine Co. Ltd. | 15,878 | 861 | |||
POSCO Chemical Co. Ltd. | 19,545 | 835 | ||||
Lotte Shopping Co. Ltd. | 10,159 | 832 | ||||
* | CJ Logistics Corp. | 6,715 | 816 | |||
Hyundai Department Store Co. Ltd. | 13,399 | 799 | ||||
Lotte Corp. | 23,527 | 777 | ||||
Com2uSCorp | 8,785 | 774 | ||||
* | Pharmicell Co. Ltd. | 48,275 | 753 | |||
Hite Jinro Co. Ltd. | 28,132 | 751 | ||||
Hyundai Elevator Co. Ltd. | 14,649 | 749 | ||||
GS Retail Co. Ltd. | 24,002 | 748 | ||||
CJ Corp. | 11,163 | 746 | ||||
*,^ | HMM Co. Ltd. | 243,837 | 724 | |||
BGF retail Co. Ltd. | 5,561 | 719 | ||||
* | WONIK IPS Co. Ltd. | 31,393 | 717 | |||
Koh Young Technology Inc. | 10,702 | 714 | ||||
DB HiTek Co. Ltd. | 32,355 | 711 | ||||
* | Korean Air Lines Co. Ltd. | 43,360 | 710 | |||
Meritz Securities Co. Ltd. | 261,790 | 705 | ||||
^ | SKC Co. Ltd. | 17,266 | 705 | |||
NongShim Co. Ltd. | 2,902 | 703 | ||||
* | Hanwha Aerospace Co. Ltd. | 31,830 | 701 | |||
Hanwha Corp. | 40,366 | 689 | ||||
Bukwang Pharmaceutical Co. Ltd. | 32,091 | 684 | ||||
Samsung Card Co. Ltd. | 27,446 | 679 | ||||
* | Hanall Biopharma Co. Ltd. | 33,845 | 675 | |||
HDC Hyundai Development Co-Engineering & Construction | 41,728 | 645 | ||||
* | Hyundai Rotem Co. Ltd. | 43,298 | 643 | |||
* | Alteogen Inc. | 8,192 | 634 | |||
KIWOOM Securities Co. Ltd. | 10,171 | 624 |
54
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
DGB Financial Group Inc. | 140,500 | 610 | ||||
Green Cross Corp. | 4,960 | 606 | ||||
Youngone Corp. | 26,975 | 605 | ||||
* | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 42,516 | 599 | |||
LEENO Industrial Inc. | 8,044 | 591 | ||||
SK Networks Co. Ltd. | 131,988 | 585 | ||||
* | Hugel Inc. | 1,864 | 585 | |||
Mando Corp. | 29,885 | 583 | ||||
*,^ | Mezzion Pharma Co. Ltd. | 4,536 | 581 | |||
Meritz Fire & Marine Insurance Co. Ltd. | 50,761 | 577 | ||||
KCC Corp. | 4,205 | 572 | ||||
Korean Reinsurance Co. | 82,125 | 568 | ||||
* | NHN Corp. | 8,817 | 552 | |||
* | HLB Life Science CO Ltd. | 35,298 | 549 | |||
^ | SK Materials Co. Ltd. | 4,231 | 549 | |||
Paradise Co. Ltd. | 41,949 | 544 | ||||
* | OCI Co. Ltd. | 16,473 | 541 | |||
* | Komipharm International Co. Ltd. | 33,247 | 537 | |||
Hanssem Co. Ltd. | 8,916 | 535 | ||||
* | Chabiotech Co. Ltd. | 37,704 | 528 | |||
* | GemVax & Kael Co. Ltd. | 28,662 | 523 | |||
KEPCO Plant Service & Engineering Co. Ltd. | 19,501 | 521 | ||||
SK Chemicals Co. Ltd. | 8,156 | 519 | ||||
JB Financial Group Co. Ltd. | 130,216 | 519 | ||||
Korea Gas Corp. | 23,476 | 519 | ||||
Hansol Chemical Co. Ltd. | 7,325 | 518 | ||||
Chong Kun Dang Pharmaceutical Corp. | 6,490 | 517 | ||||
LOTTE Fine Chemical Co. Ltd. | 15,856 | 509 | ||||
Posco International Corp. | 43,802 | 509 | ||||
Ottogi Corp. | 1,137 | 508 | ||||
F&F Co. Ltd. | 5,784 | 508 | ||||
*,^ | SillaJen Inc. | 48,243 | 498 | |||
Iljin Materials Co. Ltd. | 15,179 | 498 | ||||
Innocean Worldwide Inc. | 10,372 | 497 | ||||
* | Pan Ocean Co. Ltd. | 167,753 | 475 | |||
LS Corp. | 15,348 | 474 | ||||
Amorepacific Corp. Preference Shares | 9,185 | 473 | ||||
Kolmar Korea Co. Ltd. | 13,416 | 468 | ||||
* | Daewoo Engineering & Construction Co. Ltd. | 159,164 | 467 | |||
Soulbrain Co. Ltd. | 7,710 | 464 | ||||
Hyosung Corp. | 8,103 | 464 | ||||
Hyundai Mipo Dockyard Co. Ltd. | 18,269 | 462 | ||||
Eo Technics Co. Ltd. | 7,664 | 457 | ||||
SFA Engineering Corp. | 15,693 | 452 | ||||
LS Electric Co. Ltd. | 13,759 | 443 | ||||
Ecopro BM Co. Ltd. | 7,357 | 442 | ||||
NICE Information Service Co. Ltd. | 30,511 | 440 | ||||
Cosmax Inc. | 5,998 | 438 | ||||
Green Cross Holdings Corp. | 25,010 | 436 | ||||
Taeyoung Engineering & Construction Co. Ltd. | 35,375 | 419 | ||||
JYP Entertainment Corp. | 24,565 | 418 | ||||
Doosan Bobcat Inc. | 21,394 | 414 | ||||
Hanjin Transportation Co. Ltd. | 10,901 | 414 | ||||
* | Doosan Infracore Co. Ltd. | 117,229 | 412 | |||
Kolon Industries Inc. | 16,259 | 412 | ||||
^ | Ssangyong Cement Industrial Co. Ltd. | 95,147 | 401 | |||
DoubleUGames Co. Ltd. | 8,350 | 397 | ||||
*,^ | G-treeBNT Co. Ltd. | 18,864 | 389 | |||
Dongsuh Cos. Inc. | 27,193 | 386 | ||||
* | Naturecell Co. Ltd. | 42,227 | 384 | |||
Hyundai Wia Corp. | 14,115 | 382 | ||||
*,^ | Oscotec Inc. | 20,775 | 381 | |||
* | Amicogen Inc. | 16,523 | 380 | |||
Medy-Tox Inc. | 3,853 | 367 |
55
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Shinsegae International Inc. | 2,039 | 365 | ||||
Hyundai Motor Co. Preference Shares | 7,755 | 364 | ||||
* | Kuk-il Paper Manufacturing Co. Ltd. | 72,617 | 362 | |||
Hanwha Life Insurance Co. Ltd. | 242,863 | 362 | ||||
Seoul Semiconductor Co. Ltd. | 33,160 | 360 | ||||
NEPES Corp. | 15,044 | 359 | ||||
Daewoong Pharmaceutical Co. Ltd. | 3,964 | 348 | ||||
* | CrystalGenomics Inc. | 32,429 | 347 | |||
* | Doosan Heavy Industries & Construction Co. Ltd. | 106,833 | 347 | |||
* | SM Entertainment Co. Ltd. | 15,173 | 347 | |||
Dongjin Semichem Co. Ltd. | 26,716 | 346 | ||||
DongKook Pharmaceutical Co. Ltd. | 4,442 | 345 | ||||
* | Enzychem Lifesciences Corp. | 5,593 | 345 | |||
* | ABLBio Inc. | 22,373 | 332 | |||
* | Yungjin Pharmaceutical Co. Ltd. | 80,680 | 330 | |||
SKCKOLONPI Inc. | 12,162 | 329 | ||||
* | Studio Dragon Corp. | 5,221 | 328 | |||
Ilyang Pharmaceutical Co. Ltd. | 12,154 | 328 | ||||
Daesang Corp. | 17,968 | 324 | ||||
Dong-A ST Co. Ltd. | 4,294 | 322 | ||||
* | Ananti Inc. | 39,104 | 322 | |||
Taekwang Industrial Co. Ltd. | 478 | 314 | ||||
AfreecaTV Co. Ltd. | 6,265 | 311 | ||||
Hyundai Greenfood Co. Ltd. | 45,794 | 307 | ||||
Korea Petrochemical Ind Co. Ltd. | 2,644 | 307 | ||||
Hyundai Home Shopping Network Corp. | 5,188 | 307 | ||||
Sam Chun Dang Pharm Co. Ltd. | 12,010 | 303 | ||||
Hanmi Science Co. ltd | 12,816 | 302 | ||||
* | Kumho Tire Co. Inc. | 119,667 | 302 | |||
* | CMG Pharmaceutical Co. Ltd. | 95,798 | 300 | |||
* | Asiana Airlines Inc. | 86,268 | 298 | |||
§ | Daeduck Electronics Co. | 43,466 | 297 | |||
Daea TI Co. Ltd. | 56,526 | 296 | ||||
Hyosung TNC Co. Ltd. | 2,752 | 294 | ||||
NICE Holdings Co. Ltd. | 17,911 | 293 | ||||
Poongsan Corp. | 16,907 | 293 | ||||
* | SFA Semicon Co. Ltd. | 67,599 | 292 | |||
Toptec Co. Ltd. | 17,249 | 291 | ||||
JW Pharmaceutical Corp. | 12,059 | 291 | ||||
Daou Technology Inc. | 21,555 | 291 | ||||
*,^ | BH Co. Ltd. | 20,896 | 289 | |||
* | Medipost Co. Ltd. | 13,210 | 286 | |||
Lotte Chilsung Beverage Co. Ltd. | 3,180 | 285 | ||||
Daewoong Co. Ltd. | 19,750 | 282 | ||||
Ecopro Co. Ltd. | 16,841 | 281 | ||||
^ | Hana Tour Service Inc. | 7,997 | 279 | |||
HS Industries Co. Ltd. | 40,567 | 274 | ||||
* | Doosan Solus Co. Ltd. | 10,049 | 274 | |||
* | Duk San Neolux Co. Ltd. | 10,637 | 274 | |||
GS Home Shopping Inc. | 2,606 | 273 | ||||
Huchems Fine Chemical Corp. | 18,895 | 273 | ||||
LG Electronics Inc. Preference Shares | 15,403 | 268 | ||||
Mcnex Co. Ltd. | 10,729 | 262 | ||||
* | LegoChem Biosciences Inc. | 6,513 | 261 | |||
*,^ | Lotte Tour Development Co. Ltd. | 27,562 | 260 | |||
Samwha Capacitor Co. Ltd. | 6,454 | 258 | ||||
Ahnlab Inc. | 5,395 | 258 | ||||
Chongkundang Holdings Corp. | 2,748 | 258 | ||||
* | CJ CGV Co. Ltd. | 11,578 | 255 | |||
Dawonsys Co. Ltd. | 18,778 | 254 | ||||
HDC Holdings Co. Ltd. | 33,091 | 254 | ||||
Foosung Co. Ltd. | 45,603 | 252 | ||||
*,^ | Telcon RF Pharmaceutical Inc. | 61,402 | 252 | |||
* | Hyundai Bioscience Co. Ltd. | 28,428 | 251 |
56
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
IS Dongseo Co. Ltd. | 11,840 | 248 | ||||
* | Osstem Implant Co. Ltd. | 9,162 | 247 | |||
Dongwon Industries Co. Ltd. | 1,318 | 246 | ||||
* | DIO Corp. | 10,362 | 245 | |||
Daishin Securities Co. Ltd. | 29,763 | 243 | ||||
LG International Corp. | 22,442 | 243 | ||||
Handsome Co. Ltd. | 12,008 | 242 | ||||
Partron Co. Ltd. | 36,471 | 242 | ||||
LOTTE Himart Co. Ltd. | 10,831 | 239 | ||||
Binggrae Co. Ltd. | 4,525 | 238 | ||||
* | YG Entertainment Inc. | 9,618 | 235 | |||
Sangsangin Co. Ltd. | 35,699 | 230 | ||||
* | iNtRON Biotechnology Inc. | 21,561 | 227 | |||
^ | Advanced Process Systems Corp. | 10,636 | 226 | |||
LG Hausys Ltd. | 5,314 | 226 | ||||
Huons Co. Ltd. | 5,648 | 225 | ||||
Samyang Holdings Corp. | 5,466 | 225 | ||||
Grand Korea Leisure Co. Ltd. | 16,802 | 219 | ||||
Korea Real Estate Investment & Trust Co. Ltd. | 139,212 | 215 | ||||
Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 1,987 | 214 | ||||
LIG Nex1 Co. Ltd. | 9,956 | 214 | ||||
* | ST Pharm Co. Ltd. | 7,892 | 213 | |||
Orion Holdings Corp. | 18,292 | 212 | ||||
Dong-A Socio Holdings Co. Ltd. | 2,924 | 211 | ||||
TES Co. Ltd. | 12,825 | 210 | ||||
Meritz Financial Group Inc. | 25,945 | 210 | ||||
* | Webzen Inc. | 15,384 | 210 | |||
* | Eutilex Co. Ltd. | 4,188 | 209 | |||
L&F Co. Ltd. | 13,211 | 209 | ||||
* | Binex Co. Ltd. | 21,825 | 207 | |||
*,^ | Aprogen pharmaceuticals Inc. | 120,111 | 207 | |||
OptoElectronics Solutions Co. Ltd. | 6,283 | 202 | ||||
Young Poong Corp. | 468 | 201 | ||||
Hyosung Chemical Corp. | 2,095 | 198 | ||||
Hansol Paper Co. Ltd. | 15,350 | 198 | ||||
* | Hyosung Advanced Materials Corp. | 2,948 | 198 | |||
S&T Motiv Co. Ltd. | 6,688 | 198 | ||||
* | Cafe24 Corp. | 5,431 | 197 | |||
*,^ | KH Vatec Co. Ltd. | 12,932 | 197 | |||
Mirae Asset Life Insurance Co. Ltd. | 65,525 | 195 | ||||
* | NKMax Co. Ltd. | 19,699 | 195 | |||
^ | Tongyang Inc. | 188,060 | 194 | |||
SK Discovery Co. Ltd. | 9,328 | 193 | ||||
Maeil Dairies Co. Ltd. | 2,908 | 192 | ||||
* | Feelux Co. Ltd. | 45,049 | 191 | |||
* | Dongsung Pharmaceutical Co. Ltd. | 17,023 | 189 | |||
Silicon Works Co. Ltd. | 7,514 | 186 | ||||
SK Securities Co. Ltd. | 349,472 | 186 | ||||
* | Dongkuk Steel Mill Co. Ltd. | 51,809 | 181 | |||
*,^ | Stcube | 20,820 | 180 | |||
Songwon Industrial Co. Ltd. | 15,189 | 180 | ||||
Hankook Technology Group Co. Ltd. | 21,564 | 180 | ||||
*,^ | Dentium Co. Ltd. | 5,783 | 179 | |||
Doosan Co. Ltd. | 5,309 | 177 | ||||
Vieworks Co. Ltd. | 6,028 | 174 | ||||
Dongwon F&B Co. Ltd. | 1,066 | 173 | ||||
* | Inscobee Inc. | 74,054 | 173 | |||
Green Cross Cell Corp. | 5,374 | 172 | ||||
LF Corp. | 15,869 | 171 | ||||
Posco ICT Co. Ltd. | 46,851 | 170 | ||||
Youngone Holdings Co. Ltd. | 4,975 | 168 | ||||
* | Innox Advanced Materials Co. Ltd. | 5,544 | 166 | |||
* | Yuanta Securities Korea Co. Ltd. | 78,425 | 166 | |||
Halla Holdings Corp. | 6,688 | 166 |
57
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Sebang Global Battery Co. Ltd. | 6,961 | 165 | ||||
Mirae Asset Daewoo Co. Ltd. Preference Shares | 64,597 | 163 | ||||
* | Insun ENT Co. Ltd. | 26,639 | 161 | |||
Kumho Industrial Co. Ltd. | 24,086 | 160 | ||||
iMarketKorea Inc. | 19,079 | 158 | ||||
*,^ | Hyundai Construction Equipment Co. Ltd. | 10,383 | 157 | |||
Jeil Pharmaceutical Co. Ltd. | 7,228 | 157 | ||||
Hansae Co. Ltd. | 15,881 | 156 | ||||
* | Korea Line Corp. | 10,517 | 155 | |||
Hanwha Corp. Preference Shares | 16,238 | 152 | ||||
KEPCO Engineering & Construction Co. Inc. | 10,937 | 152 | ||||
* | Samsung Pharmaceutical Co. Ltd. | 45,764 | 150 | |||
Youlchon Chemical Co. Ltd. | 12,047 | 149 | ||||
* | Peptron Inc. | 12,024 | 149 | |||
Korea Electric Terminal Co. Ltd. | 6,228 | 147 | ||||
InBody Co. Ltd. | 9,496 | 147 | ||||
SL Corp. | 13,386 | 146 | ||||
i-SENS Inc. | 7,553 | 146 | ||||
* | Able C&C Co. Ltd. | 17,353 | 145 | |||
Modetour Network Inc. | 13,449 | 145 | ||||
Hanil Cement Co. Ltd. | 2,037 | 143 | ||||
* | Neowiz | 9,864 | 141 | |||
Nexen Tire Corp. | 29,801 | 140 | ||||
* | Lock&Lock Co. Ltd. | 15,389 | 140 | |||
* | Hyundai Electric & Energy System Co. Ltd. | 20,603 | 139 | |||
Wemade Co. Ltd. | 7,044 | 138 | ||||
Cuckoo Homesys Co. Ltd. | 4,776 | 137 | ||||
Jusung Engineering Co. Ltd. | 30,541 | 136 | ||||
*,^ | CUROCOM Co. Ltd. | 70,746 | 134 | |||
Kwang Dong Pharmaceutical Co. Ltd. | 26,666 | 133 | ||||
Eugene Investment & Securities Co. Ltd. | 56,837 | 132 | ||||
Aekyung Industrial Co. Ltd. | 5,626 | 131 | ||||
Samchully Co. Ltd. | 2,154 | 131 | ||||
^ | ICD Co. Ltd. | 10,224 | 130 | |||
* | Anterogen Co. Ltd. | 4,515 | 130 | |||
Harim Holdings Co. Ltd. | 24,651 | 130 | ||||
Lotte Confectionery Co. Ltd. | 1,211 | 128 | ||||
Huons Global Co. Ltd. | 4,917 | 128 | ||||
* | Hancom Inc. | 12,334 | 127 | |||
* | Hanwha General Insurance Co. Ltd. | 69,810 | 125 | |||
* | Vidente Co. Ltd. | 22,931 | 124 | |||
JW Holdings Corp. | 30,397 | 124 | ||||
Daishin Securities Co. Ltd. Preference Shares | 17,328 | 121 | ||||
Namhae Chemical Corp. | 18,610 | 120 | ||||
^ | KC Tech Co. Ltd. | 8,045 | 119 | |||
* | Hanwha Investment & Securities Co. Ltd. | 81,162 | 119 | |||
* | Taihan Electric Wire Co. Ltd. | 222,236 | 117 | |||
SPC Samlip Co. Ltd. | 1,951 | 115 | ||||
GOLFZON Co. Ltd. | 2,573 | 113 | ||||
*,§ | KONA I Co. Ltd. | 10,460 | 112 | |||
§,^ | Woongjin Thinkbig Co. Ltd. | 49,302 | 111 | |||
Korea Asset In Trust Co. Ltd. | 55,393 | 110 | ||||
* | Seobu T&D | 23,925 | 110 | |||
Namyang Dairy Products Co. Ltd. | 415 | 110 | ||||
Hankook Shell Oil Co. Ltd. | 505 | 109 | ||||
* | Hansol Technics Co. Ltd. | 21,614 | 107 | |||
Kolmar Korea Holdings Co. Ltd. | 5,952 | 107 | ||||
SK Gas Ltd. | 1,639 | 103 | ||||
Lotte Food Co. Ltd. | 327 | 103 | ||||
Sungwoo Hitech Co. Ltd. | 41,909 | 101 | ||||
INTOPS Co. Ltd. | 11,234 | 101 | ||||
Dae Han Flour Mills Co. Ltd. | 942 | 101 | ||||
Samyang Corp. | 3,076 | 100 | ||||
AK Holdings Inc. | 4,810 | 100 |
58
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
* | Wonik Holdings Co. Ltd. | 31,912 | 99 | |||
* | KCC Glass Corp. | 4,189 | 99 | |||
Kyobo Securities Co. Ltd. | 16,417 | 98 | ||||
* | Coreana Cosmetics Co. Ltd. | 22,740 | 97 | |||
BGF Co. Ltd. | 24,184 | 96 | ||||
Daekyo Co. Ltd. | 24,343 | 95 | ||||
Cuckoo Holdings Co. Ltd. | 1,273 | 95 | ||||
* | Doosan Fuel Cell Co. Ltd. | 15,402 | 95 | |||
KISWIRE Ltd. | 8,000 | 95 | ||||
LG HelloVision Co. Ltd. | 25,075 | 93 | ||||
KT Skylife Co. Ltd. | 13,988 | 91 | ||||
Dae Hwa Pharmaceutical Co. Ltd. | 10,363 | 90 | ||||
*,§,^ | Cellumed Co. Ltd. | 17,851 | 88 | |||
* | Interflex Co. Ltd. | 10,506 | 87 | |||
Hyundai Corp. | 7,187 | 87 | ||||
CJ CheilJedang Corp. Preference Shares | 947 | 86 | ||||
* | Hyosung Heavy Industries Corp. | 5,826 | 86 | |||
Hyundai Livart Furniture Co. Ltd. | 8,950 | 86 | ||||
NS Shopping Co. Ltd. | 13,483 | 86 | ||||
Seah Besteel Corp. | 11,195 | 86 | ||||
* | Gamevil Inc. | 4,143 | 84 | |||
Sung Kwang Bend Co. Ltd. | 15,908 | 82 | ||||
KC Co. Ltd. | 7,211 | 82 | ||||
* | Homecast Co. Ltd. | 27,476 | 80 | |||
KTB Investment & Securities Co. Ltd. | 37,203 | 79 | ||||
Kolon Corp. | 5,422 | 78 | ||||
* | Lutronic Corp. | 17,457 | 77 | |||
* | SBS Media Holdings Co. Ltd. | 48,955 | 77 | |||
Humedix Co. Ltd. | 4,683 | 77 | ||||
*,^ | GNCO Co. Ltd. | 65,482 | 76 | |||
Tongyang Life Insurance Co. Ltd. | 31,110 | 76 | ||||
*,§ | Hansol Holdings Co. Ltd. | 30,188 | 75 | |||
^ | TK Corp. | 12,269 | 73 | |||
DB Financial Investment Co. Ltd. | 24,758 | 72 | ||||
* | Eusu Holdings Co. Ltd. | 14,549 | 71 | |||
KISCO Corp. | 21,795 | 70 | ||||
Sindoh Co. Ltd. | 3,064 | 69 | ||||
* | Muhak Co. Ltd. | 13,199 | 69 | |||
*,^ | COSON Co. Ltd. | 13,992 | 66 | |||
S&T Dynamics Co. Ltd. | 14,315 | 64 | ||||
CJ Freshway Corp. | 3,686 | 63 | ||||
Hanil Holdings Co. Ltd. | 1,818 | 63 | ||||
E1 Corp. | 2,215 | 63 | ||||
* | Agabang&Company | 22,329 | 62 | |||
*,^ | Lumens Co. Ltd. | 37,737 | 55 | |||
Cell Biotech Co. Ltd. | 4,631 | 55 | ||||
Interpark Holdings Corp. | 36,083 | 54 | ||||
* | Byucksan Corp. | 41,431 | 54 | |||
Sam Young Electronics Co. Ltd. | 8,674 | 52 | ||||
*,^ | Ssangyong Motor Co. | 40,269 | 51 | |||
*,§,^ | Yuyang DNU Co. Ltd. | 48,272 | 48 | |||
^ | HLB Inc. Rights Exp. 05/29/2020 | 3,050 | 43 | |||
It's Hanbul Co. Ltd. | 3,481 | 43 | ||||
* | Humax Co. Ltd. | 14,878 | 42 | |||
SeAH Steel Corp. | 1,204 | 39 | ||||
* | Taewoong Co. Ltd. | 8,132 | 39 | |||
*,^ | Esmo Corp. | 81,779 | 30 | |||
SeAH Steel Holdings Corp. | 1,040 | 25 | ||||
628,291 | ||||||
Total Common Stocks (Cost $6,846,823) | 5,508,543 |
59
Vanguard® Pacific Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||
Value | |||||||
Coupon | Shares | ($000 | ) | ||||
Temporary Cash Investments (0.8%) | |||||||
Money Market Fund (0.7%) | |||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 382,976 | 38,298 | |||
Face | |||||||
Maturity | Amount | ||||||
Date | ($000 | ) | |||||
U.S. Government and Agency Obligations (0.1%) | |||||||
4 | United States Cash Management Bill | 0.100%-0.103% | 7/14/20 | 3,170 | 3,169 | ||
4 | United States Treasury Bill | 1.551% | 5/14/20 | 2,800 | 2,800 | ||
5,969 | |||||||
Total Temporary Cash Investments (Cost $44,268) | 44,267 | ||||||
Total Investments (99.9%) (Cost $6,891,091) | 5,552,810 | ||||||
Other Assets and Liabilities—Net (0.1%)3,4 | 3,333 | ||||||
Net Assets (100%) | 5,556,143 |
Cost rounded to $000.
* | Non-income-producing security. |
§ | Security value determined using significant unobservable inputs. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $35,890,000. |
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 April 30, 2020, the aggregate value of these securities was $22,394,000, representing 0.4% of net assets. |
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 $38,286,000 was received for securities on loan, of which $38,281,000 is held in Vanguard Market Liquidity Fund and $5,000 is held in cash. |
4 | Securities with a value of $4,374,000 have been segregated as initial margin for open futures contracts. |
ADR—American Depositary Receipt.
REIT—Real Estate Investment Trust.
60
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All rights reserved.
Vanguard Marketing Corporation, Distributor.
SNA722 062020
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Common Stocks (99.5%) | |||||||||
Australia (1.9%) | |||||||||
CSL Ltd. | 162,660 | 32,423 | |||||||
Commonwealth Bank of Australia | 633,472 | 25,590 | |||||||
BHP Group Ltd. | 1,053,243 | 21,501 | |||||||
Westpac Banking Corp. | 1,293,329 | 13,456 | |||||||
National Australia Bank Ltd. (XSAX) | 1,072,696 | 11,754 | |||||||
Australia & New Zealand Banking Group Ltd. | 1,023,460 | 11,117 | |||||||
Woolworths Group Ltd. | 453,781 | 10,501 | |||||||
Wesfarmers Ltd. | 398,953 | 9,690 | |||||||
Transurban Group | 969,486 | 8,643 | |||||||
Macquarie Group Ltd. | 113,325 | 7,507 | |||||||
Rio Tinto Ltd. | 132,417 | 7,463 | |||||||
Goodman Group | 627,330 | 5,343 | |||||||
Woodside Petroleum Ltd. | 368,188 | 5,272 | |||||||
Newcrest Mining Ltd. | 277,867 | 5,036 | |||||||
Coles Group Ltd. | 468,626 | 4,699 | |||||||
Fortescue Metals Group Ltd. | 569,909 | 4,355 | |||||||
Amcor plc (XASX) | 448,475 | 4,087 | |||||||
Brambles Ltd. | 550,934 | 3,938 | |||||||
Aristocrat Leisure Ltd. | 228,372 | 3,745 | |||||||
ASX Ltd. | 69,191 | 3,648 | |||||||
Insurance Australia Group Ltd. | 811,659 | 3,033 | |||||||
APA Group | 424,012 | 2,996 | |||||||
Sonic Healthcare Ltd. | 168,492 | 2,976 | |||||||
Telstra Corp. Ltd. | 1,499,764 | 2,950 | |||||||
QBE Insurance Group Ltd. | 532,364 | 2,883 | |||||||
Scentre Group | 1,864,147 | 2,800 | |||||||
Cochlear Ltd. | 22,923 | 2,726 | |||||||
Suncorp Group Ltd. | 453,235 | 2,694 | |||||||
Ramsay Health Care Ltd. | 61,846 | 2,512 | |||||||
AGL Energy Ltd. | 226,952 | 2,491 | |||||||
South32 Ltd. | 1,901,610 | 2,392 | |||||||
James Hardie Industries plc | 163,872 | 2,353 | |||||||
Dexus | 387,750 | 2,302 | |||||||
Origin Energy Ltd. | 633,376 | 2,278 | |||||||
Aurizon Holdings Ltd. | 726,023 | 2,206 | |||||||
Mirvac Group | 1,415,007 | 2,056 | |||||||
Santos Ltd. | 640,524 | 2,037 | |||||||
Northern Star Resources Ltd. | 251,927 | 2,034 | |||||||
GPT Group | 693,323 | 1,905 | |||||||
Treasury Wine Estates Ltd. | 262,299 | 1,725 | |||||||
^ | SEEK Ltd. | 153,401 | 1,713 | ||||||
Medibank Pvt Ltd. | 973,937 | 1,706 | |||||||
* | Afterpay Ltd. | 85,725 | 1,705 | ||||||
* | Xero Ltd. | 33,279 | 1,701 | ||||||
Lendlease Group (XSAX) | 211,351 | 1,684 | |||||||
Stockland | 882,691 | 1,639 | |||||||
Orica Ltd. | 141,256 | 1,637 | |||||||
Magellan Financial Group Ltd. | 49,731 | 1,629 | |||||||
Sydney Airport | 397,761 | 1,620 | |||||||
Computershare Ltd. | 202,453 | 1,593 | |||||||
Tabcorp Holdings Ltd. | 745,882 | 1,555 | |||||||
Caltex Australia Ltd. | 89,232 | 1,437 | |||||||
Oil Search Ltd. | 678,824 | 1,332 | |||||||
Atlas Arteria Ltd. | 318,093 | 1,284 | |||||||
Alumina Ltd. | 1,130,642 | 1,254 | |||||||
Evolution Mining Ltd. | 378,678 | 1,233 | |||||||
BlueScope Steel Ltd. | 188,236 | 1,229 | |||||||
Vicinity Centres | 1,206,351 | 1,155 | |||||||
* | AMP Ltd. | 1,181,514 | 1,090 | ||||||
* | Saracen Mineral Holdings Ltd. | 395,332 | 1,084 | ||||||
Coca-Cola Amatil Ltd. | 175,978 | 980 |
1
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
REA Group Ltd. | 16,973 | 971 | |||||||
JB Hi-Fi Ltd. | 42,539 | 962 | |||||||
Ansell Ltd. | 47,291 | 872 | |||||||
National Australia Bank Ltd. | 76,575 | 846 | |||||||
* | NEXTDC Ltd. | 146,779 | 838 | ||||||
AusNet Services | 686,120 | 837 | |||||||
Altium Ltd. | 37,416 | 821 | |||||||
Incitec Pivot Ltd. | 524,440 | 811 | |||||||
ALS Ltd. | 185,038 | 808 | |||||||
Domino’s Pizza Enterprises Ltd. | 21,219 | 794 | |||||||
Charter Hall Group | 158,209 | 782 | |||||||
Boral Ltd. | 392,125 | 762 | |||||||
carsales.com Ltd. | 83,092 | 760 | |||||||
Orora Ltd. | 454,312 | 755 | |||||||
Iluka Resources Ltd. | 144,177 | 715 | |||||||
Crown Resorts Ltd. | 111,700 | 715 | |||||||
Bank of Queensland Ltd. | 210,920 | 711 | |||||||
Bendigo & Adelaide Bank Ltd. | 158,426 | 670 | |||||||
§ | Qube Holdings Ltd. | 418,274 | 639 | ||||||
TPG Telecom Ltd. | 132,802 | 634 | |||||||
Worley Ltd. | 108,273 | 628 | |||||||
Challenger Ltd. | 189,816 | 605 | |||||||
Appen Ltd. | 36,132 | 597 | |||||||
Beach Energy Ltd. | 604,163 | 589 | |||||||
OZ Minerals Ltd. | 100,727 | 581 | |||||||
Steadfast Group Ltd. | 280,187 | 553 | |||||||
CIMIC Group Ltd. | 34,447 | 548 | |||||||
Cleanaway Waste Management Ltd. | 452,216 | 546 | |||||||
Cromwell Property Group | 1,066,637 | 544 | |||||||
Downer EDI Ltd. | 196,995 | 530 | |||||||
Metcash Ltd. | 328,020 | 529 | |||||||
Star Entertainment Grp Ltd. | 264,330 | 518 | |||||||
IGO Ltd. | 170,451 | 517 | |||||||
Breville Group Ltd. | 45,386 | 514 | |||||||
Qantas Airways Ltd. | 204,473 | 508 | |||||||
nib holdings Ltd. | 157,218 | 502 | |||||||
Shopping Centres Australasia Property Group | 338,691 | 491 | |||||||
Reliance Worldwide Corp. Ltd. | 272,834 | 480 | |||||||
Mineral Resources Ltd. | 42,971 | 463 | |||||||
Regis Resources Ltd. | 155,747 | 445 | |||||||
Link Administration Holdings Ltd. | 181,410 | 443 | |||||||
Nine Entertainment Co. Holdings Ltd. | 473,228 | 435 | |||||||
IRESS Ltd. | 57,681 | 421 | |||||||
* | Vocus Group Ltd. | 211,206 | 419 | ||||||
^ | Seven Group Holdings Ltd. | 42,300 | 416 | ||||||
Charter Hall Long Wale REIT | 143,394 | 416 | |||||||
IDP Education Ltd. | 43,607 | 413 | |||||||
* | Silver Lake Resources Ltd. | 327,655 | 405 | ||||||
Codan Ltd. | 94,858 | 399 | |||||||
BWP Trust | 171,794 | 393 | |||||||
CSR Ltd. | 153,212 | 368 | |||||||
Technology One Ltd. | 59,623 | 366 | |||||||
St. Barbara Ltd. | 219,490 | 361 | |||||||
* | Nufarm Ltd. | 104,176 | 354 | ||||||
WiseTech Global Ltd. | 29,332 | 349 | |||||||
Washington H Soul Pattinson & Co. Ltd. | 28,998 | 349 | |||||||
Whitehaven Coal Ltd. | 286,695 | 338 | |||||||
IOOF Holdings Ltd. | 120,691 | 337 | |||||||
Elders Ltd. | 60,037 | 337 | |||||||
^ | Harvey Norman Holdings Ltd. | 186,748 | 335 | ||||||
* | Megaport Ltd. | 42,881 | 330 | ||||||
Viva Energy REIT | 210,055 | 328 | |||||||
Bapcor Ltd. | 102,700 | 327 | |||||||
National Storage REIT | 289,744 | 325 |
2
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
^ | InvoCare Ltd. | 48,562 | 325 | ||||||
Healius Ltd. | 193,089 | 323 | |||||||
1 | Viva Energy Group Ltd. | 342,480 | 320 | ||||||
* | Nanosonics Ltd. | 71,242 | 318 | ||||||
* | Gold Road Resources Ltd. | 303,872 | 310 | ||||||
Pendal Group Ltd. | 84,607 | 301 | |||||||
Perpetual Ltd. | 15,164 | 295 | |||||||
Lendlease Group | 36,275 | 292 | |||||||
Charter Hall Retail REIT | 139,463 | 287 | |||||||
^,* | Mesoblast Ltd. | 129,441 | 276 | ||||||
^,* | Avita Medical Ltd. | 917,383 | 272 | ||||||
* | Perseus Mining Ltd. | 432,402 | 261 | ||||||
IPH Ltd. | 54,206 | 259 | |||||||
Costa Group Holdings Ltd. | 135,146 | 252 | |||||||
^,* | PolyNovo Ltd. | 179,028 | 249 | ||||||
Adelaide Brighton Ltd. | 139,832 | 246 | |||||||
Omni Bridgeway Ltd. | 94,211 | 246 | |||||||
^ | Blackmores Ltd. | 4,988 | 245 | ||||||
MyState Ltd. | 94,633 | 241 | |||||||
Premier Investments Ltd. | 23,993 | 241 | |||||||
Bega Cheese Ltd. | 76,625 | 240 | |||||||
* | Lynas Corp. Ltd. | 213,777 | 239 | ||||||
Austal Ltd. | 109,789 | 238 | |||||||
Bravura Solutions Ltd. | 75,685 | 236 | |||||||
Bingo Industries Ltd. | 154,054 | 233 | |||||||
Sims Ltd. | 51,767 | 233 | |||||||
^ | Corporate Travel Management Ltd. | 27,898 | 228 | ||||||
Monadelphous Group Ltd. | 29,944 | 218 | |||||||
AP Eagers Ltd. | 64,739 | 214 | |||||||
Rural Funds Group | 159,898 | 202 | |||||||
Platinum Asset Management Ltd. | 89,377 | 202 | |||||||
Flight Centre Travel Group Ltd. | 28,283 | 200 | |||||||
Ingenia Communities Group | 82,798 | 200 | |||||||
Inghams Group Ltd. | 88,279 | 200 | |||||||
Super Retail Group Ltd. | 48,655 | 199 | |||||||
Abacus Property Group | 119,767 | 195 | |||||||
GWA Group Ltd. | 108,684 | 195 | |||||||
ARB Corp. Ltd. | 19,394 | 191 | |||||||
Tassal Group Ltd. | 76,866 | 188 | |||||||
Growthpoint Properties Australia Ltd. | 92,600 | 186 | |||||||
Sandfire Resources Ltd. | 63,961 | 186 | |||||||
^,* | Resolute Mining Ltd. | 310,472 | 185 | ||||||
Pro Medicus Ltd. | 10,953 | 184 | |||||||
Webjet Ltd. | 92,610 | 182 | |||||||
* | United Malt Grp Ltd. | 64,463 | 179 | ||||||
^ | Clinuvel Pharmaceuticals Ltd. | 12,554 | 178 | ||||||
AUB Group Ltd. | 23,446 | 178 | |||||||
Arena REIT | 120,939 | 177 | |||||||
* | Champion Iron Ltd. | 137,565 | 177 | ||||||
Aventus Group | 159,073 | 176 | |||||||
Select Harvests Ltd. | 37,320 | 175 | |||||||
Centuria Industrial REIT | 102,105 | 175 | |||||||
Service Stream Ltd. | 133,412 | 170 | |||||||
* | Cooper Energy Ltd. | 597,256 | 166 | ||||||
Credit Corp. Group Ltd. | 15,320 | 163 | |||||||
Charter Hall Social Infrastructure REIT | 102,041 | 162 | |||||||
* | GrainCorp Ltd. Class A | 69,791 | 160 | ||||||
Brickworks Ltd. | 18,036 | 159 | |||||||
GUD Holdings Ltd. | 26,796 | 159 | |||||||
Collins Foods Ltd. | 33,101 | 157 | |||||||
* | Mayne Pharma Group Ltd. | 564,865 | 151 | ||||||
* | Australian Agricultural Co. Ltd. | 198,343 | 149 | ||||||
Ramelius Resources Ltd. | 174,216 | 148 | |||||||
Centuria Office REIT | 116,671 | 147 |
3
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Macmahon Holdings Ltd. | 1,019,640 | 146 | |||||||
Freedom Foods Group Ltd. | 50,903 | 143 | |||||||
* | EML Payments Ltd. | 78,018 | 141 | ||||||
NRW Holdings Ltd. | 125,749 | 138 | |||||||
SeaLink Travel Group Ltd. | 57,576 | 135 | |||||||
Perenti Global Ltd. | 228,452 | 134 | |||||||
* | Centuria Capital Group | 126,597 | 132 | ||||||
Sigma Healthcare Ltd. | 333,711 | 131 | |||||||
^ | Jumbo Interactive Ltd. | 16,258 | 128 | ||||||
Netwealth Group Ltd. | 25,691 | 126 | |||||||
HUB24 Ltd. | 19,929 | 125 | |||||||
* | nearmap Ltd. | 127,771 | 125 | ||||||
^,* | Zip Co. Ltd. | 81,718 | 124 | ||||||
SmartGroup Corp. Ltd. | 34,915 | 122 | |||||||
Western Areas Ltd. | 85,860 | 121 | |||||||
* | Electro Optic Systems Holdings Ltd. | 39,719 | 120 | ||||||
Infigen Energy | 307,874 | 118 | |||||||
* | Westgold Resources Ltd. | 89,260 | 117 | ||||||
Mount Gibson Iron Ltd. | 286,220 | 117 | |||||||
Australian Pharmaceutical Industries Ltd. | 154,238 | 117 | |||||||
G8 Education Ltd. | 201,815 | 113 | |||||||
Genworth Mortgage Insurance Australia Ltd. | 81,279 | 112 | |||||||
Data#3 Ltd. | 44,987 | 112 | |||||||
oOh!media Ltd. | 165,108 | 109 | |||||||
GDI Property Group | 161,522 | 109 | |||||||
* | PointsBet Holdings Pty Ltd. | 39,026 | 106 | ||||||
BWX Ltd. | 45,372 | 106 | |||||||
Integral Diagnostics Ltd. | 45,882 | 96 | |||||||
Domain Holdings Australia Ltd. | 56,609 | 96 | |||||||
^,* | Orocobre Ltd. | 62,464 | 91 | ||||||
Hotel Property Investments | 56,247 | 89 | |||||||
* | Starpharma Holdings Ltd. | 121,637 | 83 | ||||||
* | Pact Group Holdings Ltd. | 65,730 | 81 | ||||||
^,* | Pilbara Minerals Ltd. | 573,740 | 81 | ||||||
OFX Group Ltd. | 100,137 | 80 | |||||||
Lovisa Holdings Ltd. | 16,436 | 78 | |||||||
Jupiter Mines Ltd. | 422,476 | 74 | |||||||
^,* | Superloop Ltd. | 141,588 | 72 | ||||||
* | Emeco Holdings Ltd. | 93,302 | 70 | ||||||
Southern Cross Media Group Ltd. | 761,258 | 69 | |||||||
New Hope Corp. Ltd. | 68,583 | 69 | |||||||
McMillan Shakespeare Ltd. | 15,440 | 67 | |||||||
Aurelia Metals Ltd. | 316,430 | 66 | |||||||
* | AMA Group Ltd. | 219,882 | 60 | ||||||
^,* | Bubs Australia Ltd. | 103,194 | 60 | ||||||
1 | Coronado Global Resources Inc. | 77,525 | 59 | ||||||
HT&E Ltd. | 81,140 | 59 | |||||||
Estia Health Ltd. | 60,540 | 59 | |||||||
^,* | Carnarvon Petroleum Ltd. | 469,345 | 57 | ||||||
^,* | Galaxy Resources Ltd. | 111,184 | 55 | ||||||
Village Roadshow Ltd. | 36,503 | 53 | |||||||
Accent Group Ltd. | 69,417 | 52 | |||||||
Cedar Woods Properties Ltd. | 18,566 | 51 | |||||||
* | Senex Energy Ltd. | 319,614 | 44 | ||||||
Asaleo Care Ltd. | 64,802 | 43 | |||||||
FlexiGroup Ltd. | 73,158 | 43 | |||||||
* | Dacian Gold Ltd. | 165,962 | 38 | ||||||
Virtus Health Ltd. | 18,856 | 38 | |||||||
* | Eclipx Group Ltd. | 79,787 | 37 | ||||||
^,*,§ | SpeedCast International Ltd. | 68,230 | 35 | ||||||
Navigator Global Investments Ltd. | 36,584 | 31 | |||||||
^,* | Paradigm Biopharmaceuticals Ltd. | 23,152 | 29 | ||||||
* | Karoon Energy Ltd. | 78,395 | 28 | ||||||
Regis Healthcare Ltd. | 27,703 | 27 |
4
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
MACA Ltd. | 54,308 | 26 | |||||||
SG Fleet Group Ltd. | 27,592 | 24 | |||||||
Decmil Group Ltd. | 165,947 | 24 | |||||||
^,* | Syrah Resources Ltd. | 148,491 | 22 | ||||||
Japara Healthcare Ltd. | 64,092 | 21 | |||||||
^,* | Myer Holdings Ltd. | 155,860 | 20 | ||||||
* | Intega Group Ltd. | 104,821 | 18 | ||||||
Vita Group Ltd. | 18,711 | 13 | |||||||
* | Cardno Ltd. | 76,169 | 12 | ||||||
^,* | Clean TeQ Holdings Ltd. | 81,599 | 11 | ||||||
* | Seven West Media Ltd. | 191,420 | 11 | ||||||
WPP AUNZ Ltd. | 58,559 | 9 | |||||||
* | New Century Resources Ltd. | 64,656 | 6 | ||||||
* | Liquefied Natural Gas Ltd. | 123,849 | 4 | ||||||
*,§ | DSHE Holdings Ltd. | 14,824 | — | ||||||
334,339 | |||||||||
Austria (0.1%) | |||||||||
Erste Group Bank AG | 100,817 | 2,185 | |||||||
OMV AG | 58,974 | 1,926 | |||||||
Verbund AG | 23,000 | 1,041 | |||||||
voestalpine AG | 40,967 | 849 | |||||||
* | Andritz AG | 23,603 | 776 | ||||||
CA Immobilien Anlagen AG | 24,172 | 767 | |||||||
Raiffeisen Bank International AG | 44,011 | 760 | |||||||
Wienerberger AG | 40,006 | 749 | |||||||
1 | BAWAG Group AG | 21,474 | 730 | ||||||
Immofinanz AG | 27,618 | 510 | |||||||
^,* | Oesterreichische Post AG | 12,820 | 483 | ||||||
Telekom Austria AG | 45,351 | 319 | |||||||
S Immo AG | 16,526 | 307 | |||||||
UNIQA Insurance Group AG | 42,174 | 284 | |||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 13,000 | 260 | |||||||
* | Lenzing AG | 4,449 | 254 | ||||||
Evn AG | 12,654 | 198 | |||||||
Strabag SE | 5,036 | 141 | |||||||
Do & Co AG | 2,148 | 107 | |||||||
Schoeller-Bleckmann Oilfield Equipment AG | 3,550 | 105 | |||||||
Flughafen Wien AG | 3,428 | 100 | |||||||
Agrana Beteiligungs AG | 4,952 | 91 | |||||||
^ | Porr AG | 3,674 | 63 | ||||||
* | Palfinger AG | 2,713 | 59 | ||||||
Kapsch TrafficCom AG | 1,793 | 35 | |||||||
* | Zumtobel Group AG | 5,100 | 33 | ||||||
13,132 | |||||||||
Belgium (0.3%) | |||||||||
Anheuser-Busch InBev SA/NV | 275,260 | 12,819 | |||||||
KBC Group NV | 96,511 | 5,235 | |||||||
* | Ucb SA | 42,763 | 3,919 | ||||||
Umicore SA | 73,642 | 3,192 | |||||||
Ageas | 67,208 | 2,422 | |||||||
^,* | Argenx SE | 15,486 | 2,316 | ||||||
* | Groupe Bruxelles Lambert SA | 26,388 | 2,111 | ||||||
Solvay SA Class A | 25,464 | 1,989 | |||||||
Warehouses De Pauw CVA | 54,948 | 1,507 | |||||||
^ | Elia Group SA/NV | 12,652 | 1,455 | ||||||
Sofina SA | 5,477 | 1,290 | |||||||
Cofinimmo SA | 8,616 | 1,198 | |||||||
Colruyt SA | 19,690 | 1,180 | |||||||
Ackermans & van Haaren NV | 8,022 | 1,063 | |||||||
Proximus SADP | 49,198 | 1,050 | |||||||
Aedifica SA | 8,276 | 802 | |||||||
Euronav NV | 58,516 | 654 | |||||||
Telenet Group Holding NV | 15,010 | 627 | |||||||
Barco NV | 3,918 | 625 |
5
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Ontex Group NV | 29,502 | 538 | |||||||
Fagron | 20,366 | 459 | |||||||
Melexis NV | 6,572 | 400 | |||||||
KBC Ancora | 11,129 | 391 | |||||||
D’ieteren SA/NV | 7,610 | 381 | |||||||
* | Montea C.V.A | 4,187 | 368 | ||||||
Gimv NV | 6,225 | 342 | |||||||
Befimmo SA | 7,515 | 335 | |||||||
Bekaert SA | 12,070 | 255 | |||||||
* | VGP NV | 2,026 | 235 | ||||||
* | Tessenderlo Chemie NV (Voting Shares) | 8,051 | 225 | ||||||
bpost SA | 31,474 | 220 | |||||||
Cie d’Entreprises CFE | 2,720 | 211 | |||||||
Retail Estates NV | 3,893 | 210 | |||||||
* | AGFA-Gevaert NV | 50,073 | 198 | ||||||
Orange Belgium SA | 9,315 | 155 | |||||||
Kinepolis Group NV | 3,966 | 149 | |||||||
^,* | Mithra Pharmaceuticals SA | 4,335 | 108 | ||||||
^,* | Ion Beam Applications | 10,794 | 90 | ||||||
Econocom Group SA/NV | 30,696 | 59 | |||||||
Van de Velde NV | 1,942 | 49 | |||||||
EVS Broadcast Equipment SA | 2,987 | 46 | |||||||
* | Wereldhave Belgium Comm VA | 718 | 41 | ||||||
50,919 | |||||||||
Brazil (0.6%) | |||||||||
Vale SA | 691,356 | 5,703 | |||||||
Itau Unibanco Holding SA Preference Shares | 1,274,127 | 5,335 | |||||||
B3 SA - Brasil Bolsa Balcao | 703,717 | 4,972 | |||||||
Vale SA Class B ADR | 542,225 | 4,473 | |||||||
Petroleo Brasileiro SA Preference Shares | 1,312,692 | 4,357 | |||||||
Banco Bradesco SA ADR | 1,052,719 | 3,706 | |||||||
Petroleo Brasileiro SA | 922,794 | 3,165 | |||||||
Banco Bradesco SA Preference Shares | 762,529 | 2,685 | |||||||
Itau Unibanco Holding SA ADR | 637,643 | 2,684 | |||||||
Itausa - Investimentos Itau SA Preference Shares | 1,513,693 | 2,505 | |||||||
* | Suzano SA | 287,785 | 2,086 | ||||||
Lojas Renner SA | 293,164 | 2,070 | |||||||
Magazine Luiza SA | 225,116 | 2,057 | |||||||
Weg SA | 265,592 | 1,951 | |||||||
Petroleo Brasileiro SA ADR Preference Shares | 281,847 | 1,880 | |||||||
Ambev SA | 892,637 | 1,861 | |||||||
Natura & Co. Holding SA | 257,935 | 1,685 | |||||||
Notre Dame Intermedica Participacoes SA | 164,206 | 1,655 | |||||||
Banco do Brasil SA | 295,820 | 1,550 | |||||||
Raia Drogasil SA | 80,400 | 1,549 | |||||||
Jbs SA | 345,798 | 1,516 | |||||||
* | Rumo SA | 398,137 | 1,449 | ||||||
Ambev SA ADR | 669,125 | 1,439 | |||||||
Localiza Rent a Car SA | 202,358 | 1,272 | |||||||
Lojas Americanas SA Preference Shares | 268,944 | 1,231 | |||||||
Telefonica Brasil SA Preference Shares | 138,964 | 1,167 | |||||||
BB Seguridade Participacoes SA | 236,739 | 1,156 | |||||||
Equatorial Energia SA | 338,300 | 1,140 | |||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 129,300 | 953 | |||||||
* | B2W Cia Digital | 70,387 | 948 | ||||||
Petroleo Brasileiro SA ADR | 129,754 | 897 | |||||||
Ccr SA | 379,844 | 863 | |||||||
Petrobras Distribuidora SA | 226,244 | 813 | |||||||
Ultrapar Participacoes SA | 288,096 | 768 | |||||||
* | Centrais Eletricas Brasileiras SA | 171,782 | 766 | ||||||
Klabin SA | 221,100 | 724 | |||||||
Hypera SA | 134,312 | 718 | |||||||
Cia Brasileira de Distribuicao | 57,921 | 705 | |||||||
Banco Santander Brasil SA | 137,300 | 682 |
6
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Brf SA | 186,024 | 663 | ||||||
Banco BTG Pactual SA | 82,327 | 640 | |||||||
Cosan SA | 57,700 | 640 | |||||||
Sul America SA | 74,944 | 617 | |||||||
Banco Bradesco SA | 185,153 | 598 | |||||||
Cogna Educacao | 560,773 | 571 | |||||||
TIM Participacoes SA | 241,000 | 566 | |||||||
Totvs SA | 51,879 | 564 | |||||||
Gerdau SA Preference Shares | 256,200 | 553 | |||||||
Engie Brasil Energia SA | 75,675 | 544 | |||||||
IRB Brasil Resseguros S/A | 281,559 | 529 | |||||||
* | Centrais Eletricas Brasileiras SA Preference Shares | 102,600 | 525 | ||||||
Energisa SA | 64,315 | 517 | |||||||
YDUQS Participacoes SA | 84,700 | 473 | |||||||
BR Malls Participacoes SA | 254,818 | 470 | |||||||
Atacadao SA | 124,671 | 459 | |||||||
1 | Hapvida Participacoes e Investimentos SA | 45,995 | 444 | ||||||
Bradespar SA Preference Shares | 77,700 | 427 | |||||||
Cia Energetica de Minas Gerais Preference Shares | 224,376 | 393 | |||||||
* | Marfrig Global Foods SA | 166,091 | 392 | ||||||
Qualicorp Consultoria e Corretora de Seguros SA | 76,600 | 365 | |||||||
Transmissora Alianca de Energia Eletrica SA | 70,927 | 359 | |||||||
Multiplan Empreendimentos Imobiliarios SA | 86,921 | 334 | |||||||
* | Minerva SA | 144,260 | 325 | ||||||
EDP - Energias do Brasil SA | 103,467 | 323 | |||||||
CPFL Energia SA | 60,500 | 323 | |||||||
Cia Energetica de Sao Paulo Preference Shares | 60,785 | 315 | |||||||
* | Azul SA Prior Preference Shares. | 96,236 | 308 | ||||||
Construtora Tenda SA | 71,118 | 304 | |||||||
Alpargatas SA Preference Shares | 59,861 | 302 | |||||||
Fleury SA | 71,200 | 299 | |||||||
Cielo SA | 383,088 | 286 | |||||||
Porto Seguro SA | 33,872 | 282 | |||||||
MRV Engenharia e Participacoes SA | 92,700 | 258 | |||||||
Lojas Americanas SA | 68,695 | 257 | |||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 87,698 | 257 | |||||||
Cia de Saneamento do Parana | 54,180 | 256 | |||||||
Odontoprev SA | 92,000 | 254 | |||||||
Braskem SA Preference Shares | 64,180 | 250 | |||||||
Sao Martinho SA | 67,100 | 236 | |||||||
Neoenergia SA | 69,900 | 235 | |||||||
* | Embraer SA ADR | 36,363 | 230 | ||||||
Cia Paranaense de Energia | 23,100 | 226 | |||||||
Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 62,308 | 223 | |||||||
* | Linx SA | 52,500 | 210 | ||||||
Cia de Locacao das Americas | 85,437 | 209 | |||||||
Cia Energetica de Minas Gerais | 116,524 | 207 | |||||||
* | Via Varejo SA | 121,234 | 205 | ||||||
Gerdau SA ADR | 94,126 | 202 | |||||||
SLC Agricola SA | 45,700 | 202 | |||||||
Aliansce Sonae Shopping Centers sa | 37,999 | 195 | |||||||
Banco Inter SA Ordinary Shares | 112,400 | 194 | |||||||
* | Omega Geracao SA | 34,817 | 192 | ||||||
Iguatemi Empresa de Shopping Centers SA | 31,500 | 191 | |||||||
Metalurgica Gerdau SA Preference Shares Class A | 199,300 | 189 | |||||||
* | Embraer SA | 118,100 | 188 | ||||||
Cia de Saneamento de Minas Gerais-COPASA | 20,489 | 181 | |||||||
Duratex SA | 99,885 | 179 | |||||||
Cia Siderurgica Nacional SA | 108,200 | 178 | |||||||
Cia Paranaense de Energia Preference Shares | 17,400 | 174 | |||||||
JSL SA | 48,918 | 169 | |||||||
* | Jereissati Participacoes SA | 40,461 | 167 | ||||||
* | Even Construtora e Incorporadora SA | 129,891 | 161 | ||||||
* | Eneva SA | 24,242 | 160 |
7
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Direcional Engenharia SA | 97,742 | 158 | |||||||
TIM Participacoes SA ADR | 13,500 | 157 | |||||||
* | Light SA | 74,246 | 155 | ||||||
LOG Commercial Properties e Participacoes SA | 36,215 | 152 | |||||||
* | Banco Pan SA Preference Shares | 162,900 | 151 | ||||||
M Dias Branco SA | 25,200 | 148 | |||||||
Telefonica Brasil SA | 17,200 | 147 | |||||||
* | Alupar Investimento SA | 34,858 | 145 | ||||||
Banco do Estado do Rio Grande do Sul SA Preference Shares | 62,398 | 144 | |||||||
Cia Siderurgica Nacional SA ADR | 89,670 | 143 | |||||||
* | Cosan Logistica SA | 50,231 | 142 | ||||||
* | Ez Tec Empreendimentos e Participacoes SA | 22,761 | 126 | ||||||
AES Tiete Energia SA | 45,897 | 122 | |||||||
Marcopolo SA Preference Shares | 231,609 | 122 | |||||||
Usinas Siderurgicas de Minas Gerais SA Preference Shares | 136,371 | 120 | |||||||
Grendene SA | 89,100 | 114 | |||||||
Randon Participacoes SA Preference Shares | 71,064 | 111 | |||||||
Arezzo Industria e Comercio SA | 14,200 | 111 | |||||||
* | Petro Rio SA | 27,700 | 104 | ||||||
* | EcoRodovias Infraestrutura e Logistica SA | 53,953 | 104 | ||||||
Cia Hering | 37,140 | 102 | |||||||
* | Grupo SBF SA | 17,509 | 102 | ||||||
CVC Brasil Operadora e Agencia de Viagens SA | 39,855 | 101 | |||||||
BK Brasil Operacao e Assessoria a Restaurantes SA | 57,000 | 99 | |||||||
1 | Banco Inter SA Preference Shares | 52,602 | 90 | ||||||
Iochpe Maxion SA | 37,596 | 88 | |||||||
* | Anima Holding SA | 20,091 | 84 | ||||||
BR Properties SA | 51,135 | 82 | |||||||
* | Gol Linhas Aereas Inteligentes SA Preference Shares | 31,744 | 72 | ||||||
1 | Ser Educacional SA | 23,047 | 72 | ||||||
Camil Alimentos SA | 47,300 | 71 | |||||||
Guararapes Confeccoes SA | 29,000 | 68 | |||||||
Movida Participacoes SA | 33,500 | 67 | |||||||
Tupy SA | 23,300 | 63 | |||||||
Cia de Saneamento do Parana Preference Shares | 61,800 | 57 | |||||||
Santos Brasil Participacoes SA | 69,947 | 53 | |||||||
* | Unipar Carbocloro SA Preference Shares | 11,970 | 52 | ||||||
Smiles Fidelidade SA | 19,500 | 51 | |||||||
Banco Inter SA | 9,870 | 50 | |||||||
Instituto Hermes Pardini SA | 12,400 | 44 | |||||||
Wiz Solucoes e Corretagem de Seguros SA | 25,310 | 42 | |||||||
Mahle-Metal Leve SA | 12,100 | 39 | |||||||
* | Enauta Participacoes SA | 23,045 | 39 | ||||||
* | Alliar Medicos A Frente SA | 14,900 | 29 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | 13,428 | 22 | |||||||
JHSF Participacoes SA | 22,347 | 17 | |||||||
102,613 | |||||||||
Canada (2.6%) | |||||||||
Royal Bank of Canada | 514,765 | 31,667 | |||||||
Toronto-Dominion Bank | 648,798 | 27,109 | |||||||
Canadian National Railway Co. | 255,292 | 21,112 | |||||||
Bank of Nova Scotia | 438,119 | 17,563 | |||||||
Brookfield Asset Management Inc. Class A | 483,933 | 16,354 | |||||||
TC Energy Corp. | 332,141 | 15,286 | |||||||
^ | Bank of Montreal | 227,843 | 11,584 | ||||||
Canadian Pacific Railway Ltd. | 49,150 | 11,171 | |||||||
Barrick Gold Corp. (XTSE) | 413,619 | 10,647 | |||||||
Suncor Energy Inc. | 557,477 | 9,940 | |||||||
Canadian Imperial Bank of Commerce (XTSE) | 158,908 | 9,416 | |||||||
Manulife Financial Corp. | 694,302 | 8,744 | |||||||
Franco-Nevada Corp. | 65,655 | 8,686 | |||||||
Alimentation Couche-Tard Inc. Class B | 306,077 | 8,541 | |||||||
Waste Connections Inc. | 92,754 | 7,980 | |||||||
Nutrien Ltd. | 207,502 | 7,410 |
8
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sun Life Financial Inc. | 209,581 | 7,184 | |||||||
Canadian Natural Resources Ltd. | 418,284 | 7,005 | |||||||
Constellation Software Inc. | 6,963 | 6,696 | |||||||
Fortis Inc. | 162,202 | 6,286 | |||||||
Wheaton Precious Metals Corp. | 162,019 | 6,156 | |||||||
Barrick Gold Corp. (XLON) | 214,008 | 5,581 | |||||||
* | CGI Inc. | 83,800 | 5,344 | ||||||
Rogers Communications Inc. Class B | 122,751 | 5,141 | |||||||
Agnico Eagle Mines Ltd. | 86,893 | 5,077 | |||||||
Restaurant Brands International Inc. | 103,645 | 5,056 | |||||||
Thomson Reuters Corp. | 71,064 | 5,007 | |||||||
National Bank of Canada | 122,619 | 4,945 | |||||||
Intact Financial Corp. | 50,054 | 4,764 | |||||||
Pembina Pipeline Corp. | 199,544 | 4,576 | |||||||
* | Shopify Inc. Class A (XTSE) | 6,831 | 4,332 | ||||||
BCE Inc. | 104,407 | 4,222 | |||||||
Magna International Inc. | 103,761 | 4,043 | |||||||
Kirkland Lake Gold Ltd. | 94,230 | 3,895 | |||||||
Open Text Corp. | 101,273 | 3,827 | |||||||
Metro Inc. | 83,936 | 3,453 | |||||||
Power Corp. of Canada | 215,912 | 3,453 | |||||||
Dollarama Inc. | 109,435 | 3,433 | |||||||
^ | Emera Inc. | 85,356 | 3,398 | ||||||
Loblaw Cos. Ltd. | 64,425 | 3,170 | |||||||
* | Kinross Gold Corp. | 454,342 | 3,000 | ||||||
Shaw Communications Inc. Class B | 178,533 | 2,913 | |||||||
^ | Algonquin Power & Utilities Corp. | 193,458 | 2,682 | ||||||
Fairfax Financial Holdings Ltd. | 9,531 | 2,584 | |||||||
WSP Global Inc. | 38,264 | 2,568 | |||||||
* | Bausch Health Cos. Inc. | 132,447 | 2,393 | ||||||
TELUS Corp. | 144,513 | 2,362 | |||||||
^ | Canadian Apartment Properties REIT | 61,489 | 2,116 | ||||||
1 | Hydro One Ltd. | 113,855 | 2,065 | ||||||
Saputo Inc. | 79,792 | 2,006 | |||||||
Ritchie Bros Auctioneers Inc. | 43,318 | 1,864 | |||||||
George Weston Ltd. | 25,635 | 1,818 | |||||||
B2Gold Corp. | 348,846 | 1,764 | |||||||
CCL Industries Inc. Class B | 54,144 | 1,692 | |||||||
TMX Group Ltd. | 19,428 | 1,683 | |||||||
^ | Canadian Tire Corp. Ltd. Class A | 23,689 | 1,662 | ||||||
* | Stars Group Inc. | 59,286 | 1,654 | ||||||
Yamana Gold Inc. | 339,882 | 1,602 | |||||||
Teck Resources Ltd. Class B | 179,925 | 1,586 | |||||||
Pan American Silver Corp. | 73,097 | 1,554 | |||||||
Allied Properties REIT | 48,229 | 1,544 | |||||||
Great-West Lifeco Inc. | 92,377 | 1,521 | |||||||
CAE Inc. | 91,738 | 1,516 | |||||||
^ | RioCan REIT | 124,028 | 1,417 | ||||||
^ | Northland Power Inc. | 65,617 | 1,408 | ||||||
^ | Toromont Industries Ltd. | 29,702 | 1,396 | ||||||
^ | Imperial Oil Ltd. | 85,175 | 1,376 | ||||||
Cenovus Energy Inc. | 377,482 | 1,369 | |||||||
Cameco Corp. | 136,600 | 1,358 | |||||||
Empire Co. Ltd. | 60,869 | 1,344 | |||||||
Inter Pipeline Ltd. | 156,154 | 1,306 | |||||||
First Quantum Minerals Ltd. | 211,112 | 1,289 | |||||||
iA Financial Corp. Inc. | 39,145 | 1,271 | |||||||
Onex Corp. | 27,431 | 1,264 | |||||||
Parkland Fuel Corp. | 53,291 | 1,261 | |||||||
* | Descartes Systems Group Inc. | 29,265 | 1,230 | ||||||
^ | AltaGas Ltd. | 101,441 | 1,213 | ||||||
SNC-Lavalin Group Inc. | 64,880 | 1,196 | |||||||
Keyera Corp. | 79,322 | 1,177 | |||||||
Stantec Inc. | 39,708 | 1,170 |
9
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Alamos Gold Inc. Class A | 140,271 | 1,130 | |||||||
Lundin Mining Corp. | 216,784 | 1,062 | |||||||
^ | Boyd Group Services Inc. | 7,525 | 1,059 | ||||||
Element Fleet Management Corp. | 143,200 | 1,057 | |||||||
Gildan Activewear Inc. | 74,034 | 1,033 | |||||||
^,* | Canopy Growth Corp. | 62,844 | 1,002 | ||||||
Canadian Utilities Ltd. Class A | 39,764 | 970 | |||||||
FirstService Corp. | 11,096 | 959 | |||||||
^,* | NovaGold Resources Inc. | 83,583 | 938 | ||||||
* | Kinaxis Inc. | 8,881 | 893 | ||||||
^ | H&R REIT | 124,731 | 884 | ||||||
Tourmaline Oil Corp. | 87,042 | 863 | |||||||
* | BlackBerry Ltd. | 195,470 | 834 | ||||||
Granite REIT | 18,015 | 823 | |||||||
Quebecor Inc. Class B | 37,042 | 807 | |||||||
^ | Choice Properties REIT | 85,314 | 773 | ||||||
Capital Power Corp. | 39,910 | 772 | |||||||
CI Financial Corp. | 71,976 | 765 | |||||||
Atco Ltd. Class I | 27,191 | 764 | |||||||
TFI International Inc. | 27,130 | 752 | |||||||
Finning International Inc. | 57,741 | 733 | |||||||
^,* | Cronos Group Inc. | 122,295 | 724 | ||||||
* | SSR Mining Inc. | 41,008 | 719 | ||||||
Gibson Energy Inc. | 48,358 | 689 | |||||||
Primo Water Corp. | 64,768 | 663 | |||||||
^ | Premium Brands Holdings Corp. | 10,985 | 662 | ||||||
Colliers International Group Inc. | 11,876 | 652 | |||||||
^ | SmartCentres REIT | 41,488 | 635 | ||||||
* | Air Canada Class B | 43,572 | 634 | ||||||
Centerra Gold Inc. | 77,162 | 617 | |||||||
TransAlta Corp. | 104,337 | 614 | |||||||
* | Eldorado Gold Corp. | 62,830 | 599 | ||||||
* | Alacer Gold Corp. | 114,881 | 589 | ||||||
West Fraser Timber Co. Ltd. | 20,806 | 579 | |||||||
Innergex Renewable Energy Inc. | 43,100 | 578 | |||||||
IGM Financial Inc. | 26,100 | 553 | |||||||
Enghouse Systems Ltd. | 14,501 | 543 | |||||||
PrairieSky Royalty Ltd. | 73,782 | 540 | |||||||
* | IAMGOLD Corp. | 153,394 | 537 | ||||||
* | Parex Resources Inc. | 48,843 | 535 | ||||||
Canadian Western Bank | 30,681 | 486 | |||||||
ARC Resources Ltd. | 114,100 | 481 | |||||||
* | Pretium Resources Inc. | 61,929 | 473 | ||||||
Maple Leaf Foods Inc. | 25,190 | 466 | |||||||
* | First Majestic Silver Corp. | 57,500 | 464 | ||||||
Osisko Gold Royalties Ltd. | 50,547 | 462 | |||||||
^,* | Canada Goose Holdings Inc. | 19,290 | 461 | ||||||
^ | Chartwell Retirement Residences | 71,548 | 460 | ||||||
* | Ivanhoe Mines Ltd. | 217,200 | 456 | ||||||
Stella-Jones Inc. | 17,932 | 447 | |||||||
First Capital REIT | 42,376 | 437 | |||||||
* | Endeavour Mining Corp. | 23,000 | 414 | ||||||
Methanex Corp. | 25,700 | 409 | |||||||
* | Torex Gold Resources Inc. | 27,758 | 395 | ||||||
BRP Inc. | 13,112 | 392 | |||||||
Northview Apartment REIT | 14,863 | 376 | |||||||
* | Great Canadian Gaming Corp. | 18,900 | 368 | ||||||
Cominar REIT | 60,240 | 367 | |||||||
^ | Laurentian Bank of Canada | 15,982 | 357 | ||||||
* | ATS Automation Tooling Systems Inc. | 23,300 | 346 | ||||||
Linamar Corp. | 14,300 | 344 | |||||||
* | OceanaGold Corp. | 224,908 | 343 | ||||||
^ | TransAlta Renewables Inc. | 31,300 | 338 | ||||||
Husky Energy Inc. | 103,399 | 332 |
10
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
^,* | Aurora Cannabis Inc. | 442,065 | 324 | ||||||
^,* | Lightspeed POS Inc. | 16,820 | 319 | ||||||
^ | North West Co. Inc. | 16,800 | 317 | ||||||
Winpak Ltd. | 9,500 | 316 | |||||||
Superior Plus Corp. | 44,353 | 315 | |||||||
^ | Genworth MI Canada Inc. | 12,294 | 303 | ||||||
* | SEMAFO Inc. | 112,000 | 282 | ||||||
Cogeco Communications Inc. | 3,793 | 280 | |||||||
Transcontinental Inc. Class A | 30,812 | 279 | |||||||
* | Home Capital Group Inc. Class B | 20,552 | 275 | ||||||
Boardwalk REIT | 14,268 | 273 | |||||||
Artis REIT | 43,300 | 272 | |||||||
Norbord Inc. | 16,172 | 262 | |||||||
Crescent Point Energy Corp. | 185,800 | 259 | |||||||
* | Celestica Inc. | 40,101 | 250 | ||||||
Cineplex Inc. | 20,104 | 240 | |||||||
* | Bombardier Inc. Class B | 676,281 | 238 | ||||||
Dream Office REIT | 15,117 | 236 | |||||||
^,* | Aphria Inc. | 66,140 | 235 | ||||||
^ | Vermilion Energy Inc. | 45,869 | 226 | ||||||
Russel Metals Inc. | 20,671 | 224 | |||||||
NFI Group Inc. | 19,177 | 219 | |||||||
ECN Capital Corp. | 75,845 | 215 | |||||||
Cascades Inc. | 21,000 | 210 | |||||||
Enerplus Corp. | 72,770 | 196 | |||||||
* | Seven Generations Energy Ltd. Class A | 94,531 | 196 | ||||||
Hudbay Minerals Inc. | 79,265 | 194 | |||||||
Aecon Group Inc. | 17,600 | 193 | |||||||
Martinrea International Inc. | 29,300 | 177 | |||||||
^ | Whitecap Resources Inc. | 134,159 | 176 | ||||||
Mullen Group Ltd. | 41,918 | 174 | |||||||
* | MEG Energy Corp. | 74,719 | 167 | ||||||
Westshore Terminals Investment Corp. | 14,700 | 158 | |||||||
* | Turquoise Hill Resources Ltd. | 319,209 | 156 | ||||||
Corus Entertainment Inc. Class B | 64,001 | 146 | |||||||
Pason Systems Inc. | 26,654 | 145 | |||||||
* | Canfor Corp. | 19,600 | 137 | ||||||
First National Financial Corp. | 4,600 | 106 | |||||||
Enerflex Ltd. | 27,305 | 103 | |||||||
Canadian Imperial Bank of Commerce (XNYS) | 1,229 | 73 | |||||||
^,* | Kelt Exploration Ltd. | 47,151 | 54 | ||||||
* | Baytex Energy Corp. | 147,813 | 47 | ||||||
^ | TORC Oil & Gas Ltd. | 57,188 | 46 | ||||||
^ | Secure Energy Services Inc. | 40,536 | 36 | ||||||
ShawCor Ltd. | 19,700 | 29 | |||||||
^,* | Paramount Resources Ltd. Class A | 19,353 | 26 | ||||||
* | Bombardier Inc. Class A | 3,400 | 2 | ||||||
456,963 | |||||||||
Chile (0.1%) | |||||||||
Enel Americas SA | 11,524,182 | 1,891 | |||||||
Banco de Chile | 16,231,259 | 1,431 | |||||||
Empresas COPEC SA | 172,121 | 1,076 | |||||||
Empresas CMPC SA | 399,726 | 862 | |||||||
Falabella SA | 261,612 | 714 | |||||||
Banco de Credito e Inversiones SA | 18,725 | 695 | |||||||
* | Banco Santander Chile | 14,388,915 | 618 | ||||||
Cencosud SA | 483,365 | 585 | |||||||
Enel Chile SA | 5,748,217 | 468 | |||||||
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 17,998 | 428 | |||||||
Sociedad Quimica y Minera de Chile SA ADR | 18,580 | 424 | |||||||
Parque Arauco SA | 209,058 | 351 | |||||||
Colbun SA | 2,305,955 | 338 | |||||||
Cia Cervecerias Unidas SA | 45,662 | 328 | |||||||
Banco Santander Chile ADR | 18,759 | 315 |
11
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Enel Americas SA ADR | 37,041 | 300 | |||||||
Latam Airlines Group SA | 77,515 | 293 | |||||||
* | Cencosud Shopping SA | 161,428 | 286 | ||||||
Aguas Andinas SA Class A | 846,239 | 284 | |||||||
Enel Chile SA ADR | 65,984 | 265 | |||||||
* | Empresa Nacional de Telecomunicaciones SA | 39,628 | 240 | ||||||
Engie Energia Chile SA | 169,857 | 210 | |||||||
Vina Concha y Toro SA | 117,757 | 185 | |||||||
Itau CorpBanca Chile SA | 61,154,961 | 173 | |||||||
* | Cia Sud Americana de Vapores SA | 6,248,773 | 150 | ||||||
Embotelladora Andina SA Preference Shares | 61,493 | 147 | |||||||
Inversiones Aguas Metropolitanas SA | 170,403 | 137 | |||||||
* | Cap SA | 25,734 | 126 | ||||||
AES Gener SA | 823,686 | 121 | |||||||
Smu SA | 719,143 | 121 | |||||||
Plaza SA | 82,707 | 119 | |||||||
Sonda SA | 157,659 | 95 | |||||||
Ripley Corp. SA | 238,372 | 74 | |||||||
Inversiones La Construccion SA | 9,475 | 71 | |||||||
Besalco SA | 138,378 | 61 | |||||||
Salfacorp SA | 90,403 | 39 | |||||||
Forus SA | 29,238 | 33 | |||||||
14,054 | |||||||||
China (4.3%) | |||||||||
* | Alibaba Group Holding Ltd. ADR | 628,172 | 127,312 | ||||||
Tencent Holdings Ltd. | 2,047,467 | 107,634 | |||||||
China Construction Bank Corp. Class H | 33,084,026 | 26,555 | |||||||
Ping An Insurance Group Co. of China Ltd. | 1,956,466 | 19,910 | |||||||
Industrial & Commercial Bank of China Ltd. Class H | 27,393,245 | 18,367 | |||||||
* | Meituan Dianping Class B | 1,227,060 | 16,429 | ||||||
China Mobile Ltd. | 1,895,157 | 15,235 | |||||||
* | JD.com Inc. ADR | 284,023 | 12,241 | ||||||
Bank of China Ltd. Class H | 26,447,410 | 10,069 | |||||||
* | Baidu Inc. ADR | 99,348 | 10,027 | ||||||
NetEase Inc. ADR | 25,600 | 8,831 | |||||||
China Merchants Bank Co. Ltd. Class H | 1,473,398 | 6,973 | |||||||
* | TAL Education Group ADR | 123,122 | 6,672 | ||||||
CNOOC Ltd. | 5,619,063 | 6,213 | |||||||
* | New Oriental Education & Technology Group Inc. ADR | 48,327 | 6,169 | ||||||
China Life Insurance Co. Ltd. Class H | 2,643,271 | 5,637 | |||||||
*,1 | Xiaomi Corp. Class B | 3,873,693 | 5,081 | ||||||
China Overseas Land & Investment Ltd. | 1,350,480 | 4,989 | |||||||
China Petroleum & Chemical Corp. Class H | 9,737,337 | 4,853 | |||||||
*,1 | Wuxi Biologics Cayman Inc. | 288,080 | 4,484 | ||||||
Agricultural Bank of China Ltd. Class H | 10,629,500 | 4,422 | |||||||
ZTO Express Cayman Inc. ADR | 141,266 | 4,204 | |||||||
Kweichow Moutai Co. Ltd. Class A | 22,846 | 4,070 | |||||||
* | Trip.com Group Ltd. ADR | 156,449 | 4,030 | ||||||
Sunac China Holdings Ltd. | 888,400 | 3,974 | |||||||
China Resources Land Ltd. | 943,909 | 3,900 | |||||||
*,1 | China Tower Corp. Ltd. Class H | 16,946,576 | 3,771 | ||||||
ANTA Sports Products Ltd. | 438,000 | 3,730 | |||||||
Country Garden Holdings Co. Ltd. | 2,799,230 | 3,626 | |||||||
China Pacific Insurance Group Co. Ltd. Class H | 1,059,000 | 3,504 | |||||||
China Gas Holdings Ltd. | 945,151 | 3,439 | |||||||
Sino Biopharmaceutical Ltd. | 2,315,500 | 3,375 | |||||||
* | Alibaba Health Information Technology Ltd. | 1,392,000 | 3,330 | ||||||
Sunny Optical Technology Group Co. Ltd. | 237,300 | 3,305 | |||||||
1 | Longfor Group Holdings Ltd. | 623,500 | 3,170 | ||||||
CSPC Pharmaceutical Group Ltd. | 1,570,000 | 3,108 | |||||||
Anhui Conch Cement Co. Ltd. Class H | 393,000 | 3,099 | |||||||
Shenzhou International Group Holdings Ltd. | 266,391 | 3,075 | |||||||
ENN Energy Holdings Ltd. | 269,918 | 3,043 | |||||||
PetroChina Co. Ltd. Class H | 7,890,000 | 2,834 |
12
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Geely Automobile Holdings Ltd. | 1,787,000 | 2,780 | |||||||
China Conch Venture Holdings Ltd. | 573,998 | 2,745 | |||||||
China Resources Beer Holdings Co. Ltd. | 568,681 | 2,678 | |||||||
* | Vipshop Holdings Ltd. | 156,295 | 2,490 | ||||||
PICC Property & Casualty Co. Ltd. Class H | 2,532,330 | 2,423 | |||||||
Hengan International Group Co. Ltd. | 255,730 | 2,274 | |||||||
Guangdong Investment Ltd. | 1,060,000 | 2,203 | |||||||
China Shenhua Energy Co. Ltd. Class H | 1,239,500 | 2,196 | |||||||
Li Ning Co. Ltd. | 685,749 | 2,165 | |||||||
Country Garden Services Holdings Co. Ltd. | 461,141 | 2,131 | |||||||
Shimao Property Holdings Ltd. | 507,500 | 2,063 | |||||||
*,1 | Innovent Biologics Inc. | 415,441 | 2,046 | ||||||
1 | Postal Savings Bank of China Co. Ltd. Class H | 3,354,000 | 2,004 | ||||||
China Vanke Co. Ltd. Class H | 587,789 | 1,975 | |||||||
Ping An Insurance Group Co. of China Ltd. Class A | 189,300 | 1,972 | |||||||
* | Pinduoduo Inc. ADR | 39,868 | 1,891 | ||||||
CITIC Ltd. | 1,813,000 | 1,883 | |||||||
* | 58.com Inc. ADR | 36,244 | 1,883 | ||||||
*,1 | Ping An Healthcare and Technology Co. Ltd. | 133,700 | 1,842 | ||||||
China Telecom Corp. Ltd. Class H | 5,126,034 | 1,771 | |||||||
China National Building Material Co. Ltd. Class H | 1,416,750 | 1,770 | |||||||
Autohome Inc. ADR | 20,759 | 1,705 | |||||||
China Resources Gas Group Ltd. | 286,000 | 1,607 | |||||||
China Minsheng Banking Corp. Ltd. Class H | 2,085,512 | 1,554 | |||||||
China Jinmao Holdings Group Ltd. | 2,186,000 | 1,539 | |||||||
^ | BYD Co. Ltd. Class H | 245,460 | 1,526 | ||||||
Bank of Communications Co. Ltd. Class H | 2,393,058 | 1,516 | |||||||
CITIC Securities Co. Ltd. Class H | 778,000 | 1,490 | |||||||
Industrial & Commercial Bank of China Ltd. Class A | 1,964,685 | 1,434 | |||||||
China CITIC Bank Corp. Ltd. Class H | 2,896,525 | 1,415 | |||||||
^,* | iQIYI Inc. ADR | 82,985 | 1,408 | ||||||
China Unicom Hong Kong Ltd. | 2,173,574 | 1,406 | |||||||
^ | China Evergrande Group | 790,000 | 1,404 | ||||||
Wuliangye Yibin Co. Ltd. Class A | 73,300 | 1,395 | |||||||
Yihai International Holding Ltd. | 171,000 | 1,363 | |||||||
Agricultural Bank of China Ltd. Class A | 2,772,800 | 1,355 | |||||||
*,1 | Hansoh Pharmaceutical Group Co. Ltd. | 348,000 | 1,344 | ||||||
Weichai Power Co. Ltd. Class H | 763,400 | 1,341 | |||||||
Haitong Securities Co. Ltd. Class H | 1,449,939 | 1,313 | |||||||
Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 848,000 | 1,288 | |||||||
Sinopharm Group Co. Ltd. Class H | 476,200 | 1,284 | |||||||
Huazhu Group Ltd. ADR | 35,100 | 1,264 | |||||||
Haier Electronics Group Co. Ltd. | 455,000 | 1,253 | |||||||
* | GDS Holdings Ltd. ADR | 21,542 | 1,235 | ||||||
China Merchants Bank Co. Ltd. Class A | 238,000 | 1,172 | |||||||
Kingdee International Software Group Co. Ltd. | 816,000 | 1,167 | |||||||
* | JOYY Inc. ADR | 18,302 | 1,116 | ||||||
New China Life Insurance Co. Ltd. Class H | 321,501 | 1,114 | |||||||
* | Jiangsu Hengrui Medicine Co. Ltd. Class A | 83,998 | 1,092 | ||||||
Fosun International Ltd. | 855,464 | 1,074 | |||||||
China Resources Cement Holdings Ltd. | 782,000 | 1,064 | |||||||
^,* | Kingsoft Corp. Ltd. | 308,000 | 1,058 | ||||||
Bank of China Ltd. Class A | 2,096,400 | 1,030 | |||||||
China Communications Construction Co. Ltd. Class H | 1,516,875 | 1,020 | |||||||
* | China Biologic Products Holdings Inc. | 9,752 | 1,017 | ||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 1,213,580 | 983 | |||||||
1 | Huatai Securities Co. Ltd. Class H | 589,964 | 978 | ||||||
CITIC Securities Co. Ltd. Class A | 295,400 | 977 | |||||||
Guangzhou Automobile Group Co. Ltd. Class H | 1,071,399 | 961 | |||||||
*,1 | CGN Power Co. Ltd. Class H | 3,806,832 | 958 | ||||||
^,* | NIO Inc. ADR | 275,108 | 938 | ||||||
Gree Electric Appliances Inc. of Zhuhai Class A | 122,100 | 934 | |||||||
Zijin Mining Group Co. Ltd. Class H | 2,269,301 | 926 | |||||||
1 | People’s Insurance Co. Group of China Ltd. Class H | 2,787,000 | 912 |
13
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 237,139 | 896 | |||||||
Brilliance China Automotive Holdings Ltd. | 960,000 | 888 | |||||||
CIFI Holdings Group Co. Ltd. | 1,162,000 | 888 | |||||||
China Railway Group Ltd. Class H | 1,476,000 | 883 | |||||||
Hangzhou Hikvision Digital Technology Co. Ltd. Class A | 192,800 | 866 | |||||||
Seazen Group Ltd. | 886,038 | 861 | |||||||
Momo Inc. ADR | 35,661 | 859 | |||||||
Anhui Conch Cement Co. Ltd. Class A | 101,900 | 854 | |||||||
Zhongsheng Group Holdings Ltd. | 212,000 | 851 | |||||||
* | Zai Lab Ltd. ADR | 13,563 | 851 | ||||||
China Taiping Insurance Holdings Co. Ltd. | 493,459 | 832 | |||||||
Beijing Enterprises Water Group Ltd. | 2,101,015 | 815 | |||||||
Industrial Bank Co. Ltd. Class A | 342,700 | 801 | |||||||
1 | China Galaxy Securities Co. Ltd. Class H | 1,573,000 | 799 | ||||||
Kunlun Energy Co. Ltd. | 1,208,000 | 787 | |||||||
Shanghai Pudong Development Bank Co. Ltd. Class A | 511,386 | 766 | |||||||
Luxshare Precision Industry Co. Ltd. Class A | 114,940 | 758 | |||||||
China Resources Power Holdings Co. Ltd. | 639,400 | 757 | |||||||
* | ZTE Corp. Class H | 266,814 | 752 | ||||||
China Railway Construction Corp. Ltd. Class H | 672,626 | 739 | |||||||
Great Wall Motor Co. Ltd. Class H | 1,086,558 | 726 | |||||||
CRRC Corp. Ltd. Class H | 1,366,800 | 724 | |||||||
Beijing Enterprises Holdings Ltd. | 204,000 | 723 | |||||||
Far East Horizon Ltd. | 889,000 | 720 | |||||||
Muyuan Foodstuff Co. Ltd. Class A | 40,199 | 720 | |||||||
KWG Group Holdings Ltd. | 481,500 | 712 | |||||||
* | SINA Corp. | 21,074 | 712 | ||||||
Tsingtao Brewery Co. Ltd. Class H | 116,322 | 707 | |||||||
China Everbright International Ltd. | 1,212,777 | 701 | |||||||
GF Securities Co. Ltd. Class H | 643,600 | 698 | |||||||
BYD Electronic International Co. Ltd. | 302,500 | 697 | |||||||
Ping An Bank Co. Ltd. Class A | 356,800 | 696 | |||||||
1 | A-Living Services Co. Ltd. Class H | 123,500 | 683 | ||||||
* | Weibo Corp. ADR | 18,075 | 678 | ||||||
Dongfeng Motor Group Co. Ltd. Class H | 1,004,000 | 666 | |||||||
Poly Developments and Holdings Group Co. Ltd. Class A | 284,799 | 646 | |||||||
China Yangtze Power Co. Ltd. Class A | 258,694 | 637 | |||||||
* | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 17,688 | 634 | ||||||
China Communications Services Corp. Ltd. Class H | 886,000 | 632 | |||||||
China Vanke Co. Ltd. Class A | 166,400 | 624 | |||||||
China International Travel Service Corp. Ltd. Class A | 48,497 | 622 | |||||||
Huatai Securities Co. Ltd. Class A | 241,300 | 611 | |||||||
* | Genscript Biotech Corp. | 336,000 | 599 | ||||||
Shenzhen International Holdings Ltd. | 310,000 | 599 | |||||||
China Minsheng Banking Corp. Ltd. Class A | 719,800 | 598 | |||||||
China State Construction Engineering Corp. Ltd. Class A | 812,200 | 597 | |||||||
* | Alibaba Pictures Group Ltd. | 4,310,000 | 577 | ||||||
China Cinda Asset Management Co. Ltd. Class H | 2,974,000 | 576 | |||||||
Bank of Communications Co. Ltd. Class A | 780,900 | 571 | |||||||
Nine Dragons Paper Holdings Ltd. | 595,000 | 569 | |||||||
China Medical System Holdings Ltd. | 482,000 | 567 | |||||||
Logan Property Holdings Co. Ltd. | 358,000 | 564 | |||||||
* | 51job Inc. ADR | 9,393 | 563 | ||||||
China Construction Bank Corp. Class A | 619,700 | 562 | |||||||
China Merchants Port Holdings Co. Ltd. | 434,000 | 559 | |||||||
China Longyuan Power Group Corp. Ltd. Class H | 1,114,000 | 557 | |||||||
1 | China International Capital Corp. Ltd. Class H | 362,000 | 556 | ||||||
* | GSX Techedu Inc. ADR | 13,976 | 553 | ||||||
TravelSky Technology Ltd. Class H | 312,000 | 551 | |||||||
Kingboard Holdings Ltd. | 225,840 | 551 | |||||||
Guangzhou R&F Properties Co. Ltd. Class H | 433,000 | 550 | |||||||
*,1 | Jinxin Fertility Group Ltd. | 434,000 | 547 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 178,309 | 545 | |||||||
Agile Group Holdings Ltd. | 481,500 | 542 |
14
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sany Heavy Industry Co. Ltd. Class A | 197,146 | 541 | |||||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A | 38,995 | 540 | |||||||
^,*,1 | Tongcheng-Elong Holdings Ltd. | 320,000 | 540 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 766,936 | 532 | |||||||
*,1 | CanSino Biologics Inc. Class H | 25,000 | 527 | ||||||
^,1 | Haidilao International Holding Ltd. | 119,000 | 516 | ||||||
China Aoyuan Group Ltd. | 437,000 | 513 | |||||||
* | ZTE Corp. Class A | 89,698 | 513 | ||||||
* | Tencent Music Entertainment Group ADR | 44,916 | 512 | ||||||
Huaneng Power International Inc. Class H | 1,358,000 | 511 | |||||||
* | Bilibili Inc. ADR | 18,543 | 508 | ||||||
*,1 | 3SBio Inc. | 500,500 | 507 | ||||||
Bank of Shanghai Co. Ltd. Class A | 438,937 | 506 | |||||||
China Everbright Ltd. | 330,000 | 504 | |||||||
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 281,900 | 496 | |||||||
SAIC Motor Corp. Ltd. Class A | 186,699 | 494 | |||||||
Air China Ltd. Class H | 690,000 | 492 | |||||||
^,* | GOME Retail Holdings Ltd. | 4,110,720 | 477 | ||||||
* | Alibaba Group Holding Ltd. | 18,700 | 475 | ||||||
China Overseas Property Holdings Ltd. | 427,493 | 473 | |||||||
1 | Dali Foods Group Co. Ltd. | 760,000 | 470 | ||||||
Yanzhou Coal Mining Co. Ltd. Class H | 616,000 | 468 | |||||||
1 | WuXi AppTec Co. Ltd. Class H | 32,700 | 461 | ||||||
GF Securities Co. Ltd. Class A | 240,500 | 461 | |||||||
China Molybdenum Co. Ltd. Class H | 1,527,000 | 461 | |||||||
China State Construction International Holdings Ltd. | 591,750 | 459 | |||||||
Livzon Pharmaceutical Group Inc. Class H | 102,906 | 459 | |||||||
Haitian International Holdings Ltd. | 259,000 | 458 | |||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 174,000 | 455 | |||||||
China Everbright Bank Co. Ltd. Class A | 860,000 | 453 | |||||||
1 | China Merchants Securities Co. Ltd. Class H | 410,200 | 450 | ||||||
Jiangxi Copper Co. Ltd. Class H | 461,000 | 448 | |||||||
*,1 | Shandong Gold Mining Co. Ltd. Class H | 149,500 | 445 | ||||||
China Lesso Group Holdings Ltd. | 310,000 | 444 | |||||||
CRRC Corp. Ltd. Class A | 504,400 | 439 | |||||||
Shanghai Jinjiang International Travel Co. Ltd. Class B | 352,223 | 439 | |||||||
^ | BBMG Corp. Class H | 1,735,000 | 439 | ||||||
Sinotruk Hong Kong Ltd. | 215,500 | 437 | |||||||
Bright Dairy & Food Co. Ltd. Class A | 250,400 | 434 | |||||||
* | 21Vianet Group Inc. ADR | 28,492 | 427 | ||||||
China Hongqiao Group Ltd. | 864,000 | 426 | |||||||
Chinasoft International Ltd. | 808,000 | 424 | |||||||
Shanxi Securities Co. Ltd. Class A | 426,900 | 423 | |||||||
China Oilfield Services Ltd. Class H | 542,000 | 422 | |||||||
*,1 | Koolearn Technology Holding Ltd. | 87,500 | 420 | ||||||
Zhejiang Longsheng Group Co. Ltd. Class A | 244,900 | 415 | |||||||
WuXi AppTec Co. Ltd. Class A | 29,289 | 414 | |||||||
Times China Holdings Ltd. | 246,000 | 413 | |||||||
Beijing Yanjing Brewery Co. Ltd. Class A | 478,300 | 402 | |||||||
^,*,1 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 115,556 | 401 | ||||||
Bank of Ningbo Co. Ltd. Class A | 109,700 | 401 | |||||||
1 | China Huarong Asset Management Co. Ltd. Class H | 3,592,000 | 400 | ||||||
New China Life Insurance Co. Ltd. Class A | 63,200 | 398 | |||||||
Changchun High & New Technology Industry Group Inc. Class A | 4,773 | 397 | |||||||
1 | Guotai Junan Securities Co. Ltd. Class H | 277,800 | 395 | ||||||
* | Henan Shuanghui Investment & Development Co. Ltd. Class A | 69,378 | 394 | ||||||
COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 600,000 | 393 | |||||||
Yuexiu Property Co. Ltd. | 2,063,207 | 392 | |||||||
Jiangsu Expressway Co. Ltd. Class H | 328,000 | 392 | |||||||
Anhui Gujing Distillery Co. Ltd. Class B | 46,400 | 391 | |||||||
Greentown Service Group Co. Ltd. | 296,000 | 390 | |||||||
BYD Co. Ltd. Class A | 45,700 | 382 | |||||||
China Everbright Bank Co. Ltd. Class H | 899,000 | 381 | |||||||
Shenzhen Investment Ltd. | 1,161,953 | 381 |
15
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | BEST Inc. ADR | 70,614 | 379 | ||||||
SSY Group Ltd. | 534,336 | 376 | |||||||
Beijing Capital International Airport Co. Ltd. Class H | 560,000 | 375 | |||||||
Hopson Development Holdings Ltd. | 334,000 | 374 | |||||||
Zhaojin Mining Industry Co. Ltd. Class H | 329,500 | 370 | |||||||
Shenzhen Airport Co. Ltd. Class A | 318,200 | 369 | |||||||
* | Yunnan Tin Co. Ltd. Class A | 310,000 | 368 | ||||||
China Merchants Securities Co. Ltd. Class A | 141,298 | 365 | |||||||
Zhejiang Expressway Co. Ltd. Class H | 474,000 | 358 | |||||||
* | Aluminum Corp. of China Ltd. Class H | 1,685,331 | 355 | ||||||
Aisino Corp. Class A | 145,500 | 350 | |||||||
* | Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 85,300 | 350 | ||||||
COSCO SHIPPING Ports Ltd. | 654,000 | 348 | |||||||
Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 354,600 | 348 | |||||||
Ausnutria Dairy Corp. Ltd. | 187,000 | 345 | |||||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 772,000 | 339 | |||||||
Lee & Man Paper Manufacturing Ltd. | 549,000 | 337 | |||||||
* | Chongqing Rural Commercial Bank Co. Ltd. Class H | 766,000 | 334 | ||||||
* | HUYA Inc. ADR | 20,534 | 333 | ||||||
1 | AK Medical Holdings Ltd. | 124,000 | 333 | ||||||
New Hope Liuhe Co. Ltd. Class A | 71,600 | 331 | |||||||
Foshan Haitian Flavouring & Food Co. Ltd. Class A | 19,000 | 328 | |||||||
China Southern Airlines Co. Ltd. Class H | 652,000 | 326 | |||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 135,000 | 324 | |||||||
China Grand Pharmaceutical and Healthcare Holdings Ltd. | 486,080 | 323 | |||||||
* | China Eastern Airlines Corp. Ltd. Class H | 794,000 | 323 | ||||||
Wingtech Technology Co. Ltd. Class A | 21,700 | 323 | |||||||
1 | China Resources Pharmaceutical Group Ltd. | 513,000 | 322 | ||||||
1 | BAIC Motor Corp. Ltd. Class H | 735,900 | 322 | ||||||
China Railway Construction Corp. Ltd. Class A | 233,200 | 319 | |||||||
Camel Group Co. Ltd. Class A | 252,700 | 319 | |||||||
Kingboard Laminates Holdings Ltd. | 329,858 | 319 | |||||||
^,1 | China Yuhua Education Corp. Ltd. | 316,000 | 318 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 380,411 | 314 | |||||||
China Life Insurance Co. Ltd. Class A | 78,472 | 314 | |||||||
1 | CSC Financial Co. Ltd. Class H | 340,000 | 312 | ||||||
* | SF Holding Co. Ltd. Class A | 47,198 | 309 | ||||||
AviChina Industry & Technology Co. Ltd. Class H | 782,000 | 309 | |||||||
*,1 | China Literature Ltd. | 69,000 | 308 | ||||||
Lao Feng Xiang Co. Ltd. Class B | 110,794 | 308 | |||||||
1 | Fuyao Glass Industry Group Co. Ltd. Class H | 140,000 | 305 | ||||||
China United Network Communications Ltd. Class A | 414,601 | 304 | |||||||
SOHO China Ltd. | 630,500 | 302 | |||||||
* | Will Semiconductor Ltd. Class A | 11,100 | 301 | ||||||
Shenwan Hongyuan Group Co. Ltd. Class A | 488,600 | 300 | |||||||
Sinopec Shanghai Petrochemical Co. Ltd. Class H | 1,102,000 | 299 | |||||||
Tongling Nonferrous Metals Group Co. Ltd. Class A | 1,077,100 | 295 | |||||||
Yuzhou Properties Co. Ltd. | 691,122 | 294 | |||||||
Shanghai Electric Group Co. Ltd. Class H | 958,000 | 294 | |||||||
Fantasia Holdings Group Co. Ltd. | 1,521,000 | 293 | |||||||
* | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 501,600 | 293 | ||||||
China Overseas Grand Oceans Group Ltd. | 462,500 | 290 | |||||||
Powerlong Real Estate Holdings Ltd. | 471,000 | 288 | |||||||
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. Class A | 53,000 | 286 | |||||||
China Power International Development Ltd. | 1,395,851 | 284 | |||||||
^,1 | Luye Pharma Group Ltd. | 585,000 | 284 | ||||||
Metallurgical Corp. of China Ltd. Class H | 1,618,000 | 281 | |||||||
Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 284,765 | 279 | |||||||
* | Citic Pacific Special Steel Group Co. Ltd. Class A | 122,910 | 278 | ||||||
China CYTS Tours Holding Co. Ltd. Class A | 186,800 | 275 | |||||||
Shanghai Baosight Software Co. Ltd. Class B | 122,572 | 273 | |||||||
* | Pacific Securities Co. Ltd. China Class A | 596,800 | 271 | ||||||
*,1 | China Railway Signal & Communication Corp. Ltd. Class H | 548,500 | 271 | ||||||
China Shenhua Energy Co. Ltd. Class A | 120,000 | 270 |
16
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
China Yongda Automobiles Services Holdings Ltd. | 267,000 | 269 | |||||||
^,* | Ever Sunshine Lifestyle Services Group Ltd. | 190,000 | 269 | ||||||
Aier Eye Hospital Group Co. Ltd. Class A | 43,394 | 269 | |||||||
Shanghai 2345 Network Holding Group Co. Ltd. Class A | 642,000 | 267 | |||||||
Shanghai International Airport Co. Ltd. Class A | 26,900 | 267 | |||||||
Contemporary Amperex Technology Co. Ltd. Class A | 13,440 | 267 | |||||||
Wanhua Chemical Group Co. Ltd. Class A | 41,900 | 264 | |||||||
Shanghai Industrial Holdings Ltd. | 155,000 | 264 | |||||||
^,*,1 | Weimob Inc. | 353,000 | 261 | ||||||
China Baoan Group Co. Ltd. Class A | 285,800 | 261 | |||||||
China Reinsurance Group Corp. Class H | 2,218,000 | 260 | |||||||
Shenzhen Expressway Co. Ltd. Class H | 224,000 | 257 | |||||||
* | China Meidong Auto Holdings Ltd. | 142,000 | 256 | ||||||
Hollysys Automation Technologies Ltd. | 17,800 | 255 | |||||||
1 | Sinopec Engineering Group Co. Ltd. Class H | 532,135 | 255 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A | 50,700 | 249 | |||||||
* | COSCO SHIPPING Holdings Co. Ltd. Class H | 859,000 | 248 | ||||||
*,1 | Hope Education Group Co. Ltd. | 878,000 | 246 | ||||||
1 | Fu Shou Yuan International Group Ltd. | 272,000 | 246 | ||||||
China SCE Group Holdings Ltd. | 560,000 | 246 | |||||||
^,1 | Hua Hong Semiconductor Ltd. | 127,000 | 245 | ||||||
^ | Greentown China Holdings Ltd. | 226,879 | 245 | ||||||
Fanhua Inc. ADR | 12,865 | 244 | |||||||
China Education Group Holdings Ltd. | 145,000 | 243 | |||||||
Kaisa Group Holdings Ltd. | 633,000 | 242 | |||||||
China CITIC Bank Corp. Ltd. Class A | 329,700 | 242 | |||||||
Sino-Ocean Group Holding Ltd. | 922,500 | 240 | |||||||
BOE Technology Group Co. Ltd. Class A | 457,900 | 240 | |||||||
Yonghui Superstores Co. Ltd. Class A | 168,100 | 240 | |||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 266,700 | 240 | |||||||
Digital China Holdings Ltd. | 449,499 | 240 | |||||||
Vinda International Holdings Ltd. | 79,599 | 238 | |||||||
* | Ovctek China Inc. Class A | 25,633 | 236 | ||||||
* | TCL Technology Group Corp. Class A | 363,800 | 236 | ||||||
China Coal Energy Co. Ltd. Class H | 859,000 | 230 | |||||||
* | Baozun Inc. ADR | 7,200 | 229 | ||||||
1 | Qingdao Port International Co. Ltd. Class H | 425,000 | 229 | ||||||
East Money Information Co. Ltd. Class A | 89,800 | 229 | |||||||
Luzhou Laojiao Co. Ltd. Class A | 20,600 | 228 | |||||||
Jiayuan International Group Ltd. | 548,000 | 228 | |||||||
Baoshan Iron & Steel Co. Ltd. Class A | 332,600 | 228 | |||||||
China Oriental Group Co. Ltd. | 754,000 | 228 | |||||||
Guangzhou Haige Communications Group Inc. Co. Class A | 134,100 | 228 | |||||||
Yonyou Network Technology Co. Ltd. Class A | 34,898 | 226 | |||||||
Zhejiang Hailiang Co. Ltd. Class A | 173,000 | 226 | |||||||
LONGi Green Energy Technology Co. Ltd. Class A | 52,189 | 226 | |||||||
Winning Health Technology Group Co. Ltd. Class A | 63,100 | 225 | |||||||
China Water Affairs Group Ltd. | 296,000 | 225 | |||||||
Hualan Biological Engineering Inc. Class A | 40,875 | 224 | |||||||
^,*,1 | Shanghai Junshi Biosciences Co. Ltd. Class H | 46,000 | 222 | ||||||
*,1 | China East Education Holdings Ltd. | 137,500 | 221 | ||||||
* | Mango Excellent Media Co. Ltd. Class A | 33,826 | 220 | ||||||
Bosideng International Holdings Ltd. | 808,000 | 219 | |||||||
* | Gigadevice Semiconductor Beijing Inc. Class A | 5,598 | 218 | ||||||
Huaxin Cement Co. Ltd. Class B | 128,100 | 217 | |||||||
Yuexiu REIT | 438,940 | 215 | |||||||
Central China Securities Co. Ltd. Class H | 1,367,988 | 215 | |||||||
Guotai Junan Securities Co. Ltd. Class A | 90,600 | 214 | |||||||
* | LexinFintech Holdings Ltd. ADR | 25,398 | 214 | ||||||
Lepu Medical Technology Beijing Co. Ltd. Class A | 40,000 | 214 | |||||||
Comba Telecom Systems Holdings Ltd. | 522,039 | 212 | |||||||
NetDragon Websoft Holdings Ltd. | 76,000 | 210 | |||||||
Daqin Railway Co. Ltd. Class A | 207,000 | 210 | |||||||
* | Aluminum Corp. of China Ltd. Class A | 520,700 | 209 |
17
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Bank of Beijing Co. Ltd. Class A | 297,500 | 209 | |||||||
Sinotrans Ltd. Class H | 853,000 | 207 | |||||||
Yunnan Baiyao Group Co. Ltd. Class A | 16,200 | 206 | |||||||
Tong Ren Tang Technologies Co. Ltd. Class H | 259,000 | 205 | |||||||
Glodon Co. Ltd. Class A | 27,400 | 201 | |||||||
Huaxia Bank Co. Ltd. Class A | 216,700 | 201 | |||||||
1 | Legend Holdings Corp. Class H | 171,200 | 200 | ||||||
Inner Mongolia Yitai Coal Co. Ltd. Class B | 324,004 | 199 | |||||||
Poly Property Group Co. Ltd. | 567,000 | 198 | |||||||
China Petroleum & Chemical Corp. Class A | 311,100 | 196 | |||||||
Tianneng Power International Ltd. | 200,000 | 196 | |||||||
Chongqing Zhifei Biological Products Co. Ltd. Class A | 17,600 | 195 | |||||||
Shandong Nanshan Aluminum Co. Ltd. Class A | 660,000 | 195 | |||||||
Sany Heavy Equipment International Holdings Co. Ltd. | 356,000 | 191 | |||||||
Ronshine China Holdings Ltd. | 182,500 | 191 | |||||||
Lonking Holdings Ltd. | 563,000 | 191 | |||||||
Iflytek Co. Ltd. Class A | 40,400 | 188 | |||||||
Shandong Gold Mining Co. Ltd. Class A | 36,841 | 187 | |||||||
* | DouYu International Holdings Ltd. ADR | 24,631 | 187 | ||||||
Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 86,500 | 186 | |||||||
Health & Happiness H&H International Holdings Ltd. | 48,236 | 184 | |||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A | 12,200 | 184 | |||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 9,298 | 183 | |||||||
Sanan Optoelectronics Co. Ltd. Class A | 59,900 | 183 | |||||||
Shougang Concord International Enterprises Co. Ltd. | 947,600 | 182 | |||||||
China Shipbuilding Industry Co. Ltd. Class A | 306,000 | 180 | |||||||
Haitong Securities Co. Ltd. Class A | 99,500 | 179 | |||||||
Ganfeng Lithium Co. Ltd. Class A | 27,900 | 179 | |||||||
BOE Technology Group Co. Ltd. Class B | 512,200 | 178 | |||||||
Skyworth Group Ltd. | 776,000 | 178 | |||||||
Huadian Power International Corp. Ltd. Class H | 510,000 | 177 | |||||||
Haier Smart Home Co. Ltd. Class A | 81,299 | 175 | |||||||
1 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 46,400 | 175 | ||||||
NARI Technology Co. Ltd. Class A | 61,700 | 174 | |||||||
^,* | Q Technology Group Co. Ltd. | 144,000 | 172 | ||||||
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 118,415 | 172 | |||||||
^ | Zhenro Properties Group Ltd. | 265,000 | 170 | ||||||
* | Eve Energy Co. Ltd. Class A | 18,100 | 170 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 64,600 | 169 | |||||||
Shenzhen Kangtai Biological Products Co. Ltd. Class A | 9,007 | 169 | |||||||
Jiangsu Yangnong Chemical Co. Ltd. Class A | 15,900 | 168 | |||||||
Shanghai Jinjiang International Hotels Co. Ltd. Class A | 40,900 | 168 | |||||||
Zhongyu Gas Holdings Ltd. | 196,000 | 168 | |||||||
China Merchants Land Ltd. | 1,000,000 | 166 | |||||||
* | Times Neighborhood Holdings Ltd. | 194,615 | 166 | ||||||
Hithink RoyalFlush Information Network Co. Ltd. Class A | 9,953 | 165 | |||||||
Fufeng Group Ltd. | 481,000 | 165 | |||||||
* | Tianli Education International Holdings Ltd. | 327,000 | 164 | ||||||
1 | Midea Real Estate Holding Ltd. | 63,400 | 163 | ||||||
* | JinkoSolar Holding Co. Ltd. ADR | 10,276 | 163 | ||||||
Hundsun Technologies Inc. Class A | 11,300 | 162 | |||||||
^ | Datang International Power Generation Co. Ltd. Class H | 1,120,000 | 162 | ||||||
* | Foxconn Industrial Internet Co. Ltd. Class A | 77,900 | 160 | ||||||
China Pacific Insurance Group Co. Ltd. Class A | 37,100 | 160 | |||||||
Xtep International Holdings Ltd. | 414,000 | 159 | |||||||
*,1 | China Logistics Property Holdings Co. Ltd. | 422,000 | 159 | ||||||
Bank of Chongqing Co. Ltd. Class H | 295,500 | 158 | |||||||
Zijin Mining Group Co. Ltd. Class A | 288,700 | 158 | |||||||
PAX Global Technology Ltd. | 367,000 | 156 | |||||||
NAURA Technology Group Co. Ltd. Class A | 7,400 | 156 | |||||||
^ | China Maple Leaf Educational Systems Ltd. | 528,000 | 155 | ||||||
Chongqing Changan Automobile Co. Ltd. Class B | 320,062 | 155 | |||||||
Unigroup Guoxin Microelectronics Co. Ltd. Class A | 18,000 | 155 | |||||||
Jiangxi Bank Co. Ltd. Class H | 347,500 | 154 |
18
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Hengtong Optic-electric Co. Ltd. Class A | 65,300 | 153 | |||||||
Angang Steel Co. Ltd. Class H | 566,800 | 153 | |||||||
1 | Orient Securities Co. Ltd. Class H | 296,000 | 152 | ||||||
^,1 | Zhou Hei Ya International Holdings Co. Ltd. | 270,500 | 152 | ||||||
CSC Financial Co. Ltd. Class A | 31,100 | 151 | |||||||
* | SG Micro Corp. Class A | 3,400 | 151 | ||||||
Beijing New Building Materials plc Class A | 42,100 | 151 | |||||||
AVIC Aircraft Co. Ltd. Class A | 60,300 | 149 | |||||||
China Communications Construction Co. Ltd. Class A | 132,400 | 149 | |||||||
Tsingtao Brewery Co. Ltd. Class A | 20,100 | 149 | |||||||
China Merchants Property Operation & Service Co. Ltd. | 40,430 | 149 | |||||||
Hangzhou Tigermed Consulting Co. Ltd. Class A | 13,750 | 147 | |||||||
Suning.com Co. Ltd. Class A | 124,200 | 147 | |||||||
China CSSC Holdings Ltd. Class A | 55,600 | 146 | |||||||
Yanlord Land Group Ltd. | 194,600 | 145 | |||||||
CSG Holding Co. Ltd. Class B | 516,606 | 145 | |||||||
* | Liaoning Cheng Da Co. Ltd. Class A | 58,600 | 145 | ||||||
Yantai Changyu Pioneer Wine Co. Ltd. Class B | 82,633 | 145 | |||||||
Dongyue Group Ltd. | 326,000 | 144 | |||||||
Yuexiu Transport Infrastructure Ltd. | 206,000 | 144 | |||||||
* | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 39,400 | 144 | ||||||
* | Shanghai RAAS Blood Products Co. Ltd. Class A | 121,000 | 143 | ||||||
Founder Securities Co. Ltd. Class A | 143,000 | 142 | |||||||
Seazen Holdings Co. Ltd. | 32,000 | 142 | |||||||
^,* | Lifetech Scientific Corp. | 643,998 | 142 | ||||||
Jointown Pharmaceutical Group Co. Ltd. Class A | 56,200 | 142 | |||||||
Tianma Microelectronics Co. Ltd. Class A | 71,200 | 141 | |||||||
Unisplendour Corp. Ltd. Class A | 24,100 | 141 | |||||||
* | Bitauto Holdings Ltd. ADR | 11,600 | 141 | ||||||
1 | Ganfeng Lithium Co. Ltd. Class H | 43,400 | 141 | ||||||
* | CGN Power Co. Ltd. Class A | 349,900 | 141 | ||||||
^ | Beijing Capital Land Ltd. Class H | 627,000 | 141 | ||||||
Baosheng Science and Technology Innovation Co. Ltd. Class A | 235,400 | 140 | |||||||
Lomon Billions Group Co. Ltd. Class A | 60,100 | 140 | |||||||
Huadian Fuxin Energy Corp. Ltd. Class H | 788,000 | 140 | |||||||
CSG Holding Co. Ltd. Class A | 222,900 | 139 | |||||||
Jiangsu Expressway Co. Ltd. Class A | 93,500 | 139 | |||||||
* | Zhongji Innolight Co. Ltd. Class A | 15,300 | 139 | ||||||
Shandong Chenming Paper Holdings Ltd. Class H | 360,750 | 138 | |||||||
Shengyi Technology Co. Ltd. Class A | 30,400 | 138 | |||||||
Hangzhou Robam Appliances Co. Ltd. Class A | 30,600 | 137 | |||||||
Hisense Home Appliances Group Co. Ltd. | 141,000 | 136 | |||||||
Wuhan Guide Infrared Co. Ltd. Class A | 23,600 | 136 | |||||||
Sinopec Kantons Holdings Ltd. | 308,000 | 136 | |||||||
Jiangsu Hengli Hydraulic Co. Ltd. Class A | 13,900 | 136 | |||||||
* | Daqo New Energy Corp. ADR | 2,596 | 135 | ||||||
China Suntien Green Energy Corp. Ltd. Class H | 581,000 | 135 | |||||||
Guangdong Haid Group Co. Ltd. Class A | 22,177 | 135 | |||||||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A | 20,400 | 135 | |||||||
* | Weihai Guangwei Composites Co. Ltd. | 17,640 | 135 | ||||||
Dongxing Securities Co. Ltd. Class A | 89,900 | 135 | |||||||
* | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 61,000 | 135 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 32,887 | 134 | |||||||
* | Dawning Information Industry Co. Ltd. Class A | 19,800 | 134 | ||||||
China National Software & Service Co. Ltd. Class A | 11,600 | 134 | |||||||
Heilongjiang Agriculture Co. Ltd. Class A | 55,600 | 134 | |||||||
^ | China International Marine Containers Group Co. Ltd. Class H | 150,600 | 133 | ||||||
Accelink Technologies Co. Ltd. Class A | 32,000 | 133 | |||||||
* | Shang Gong Group Co. Ltd. Class B | 360,700 | 132 | ||||||
* | Shennan Circuits Co. Ltd. Class A | 4,100 | 132 | ||||||
* | Inspur Electronic Information Industry Co. Ltd. Class A | 22,512 | 132 | ||||||
Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 81,640 | 131 | |||||||
Hongfa Technology Co. Ltd. Class A | 28,700 | 131 | |||||||
Jiangxi Zhengbang Technology Co. Ltd. Class A | 50,300 | 131 |
19
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Zhongliang Holdings Group Co. Ltd. | 179,500 | 131 | ||||||
Beijing Originwater Technology Co. Ltd. Class A | 97,800 | 131 | |||||||
Beijing Tiantan Biological Products Corp. Ltd. Class A | 27,283 | 131 | |||||||
China Dongxiang Group Co. Ltd. | 1,565,000 | 130 | |||||||
Joyoung Co. Ltd. Class A | 29,337 | 130 | |||||||
* | Lingyi iTech Guangdong Co. Class A | 100,300 | 130 | ||||||
China Lilang Ltd. | 210,000 | 129 | |||||||
* | NanJi E-Commerce Co. Ltd. Class A | 66,500 | 128 | ||||||
China Fortune Land Development Co. Ltd. Class A | 37,867 | 127 | |||||||
* | OFILM Group Co. Ltd. Class A | 59,800 | 127 | ||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 112,000 | 127 | |||||||
China Spacesat Co. Ltd. Class A | 27,400 | 126 | |||||||
Central China Real Estate Ltd. | 248,000 | 126 | |||||||
* | Infore Environment Technology Group Co. Ltd. Class A | 143,200 | 125 | ||||||
TCL Electronics Holdings Ltd. | 304,333 | 124 | |||||||
Skyfame Realty Holdings Ltd. | 942,000 | 124 | |||||||
Perfect World Co. Ltd. Class A | 18,700 | 124 | |||||||
Wuxi Lead Intelligent Equipment Co. Ltd. Class A | 23,400 | 124 | |||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 15,300 | 124 | |||||||
Shenzhen Kaifa Technology Co. Ltd. Class A | 43,700 | 124 | |||||||
1 | Genertec Universal Medical Group Co. Ltd. | 202,500 | 123 | ||||||
Bank of Nanjing Co. Ltd. Class A | 113,600 | 123 | |||||||
Zhejiang Chint Electrics Co. Ltd. Class A | 35,100 | 123 | |||||||
WUS Printed Circuit Kunshan Co. Ltd. Class A | 32,800 | 123 | |||||||
Northeast Securities Co. Ltd. Class A | 107,500 | 123 | |||||||
* | Sealand Securities Co. Ltd. Class A | 201,370 | 122 | ||||||
Tianshui Huatian Technology Co. Ltd. Class A | 67,000 | 122 | |||||||
*,§ | SMI Holdings Group Ltd. | 402,400 | 121 | ||||||
^,*,1 | China Metal Resources Utilization Ltd. | 320,000 | 121 | ||||||
* | Ningbo Joyson Electronic Corp. Class A | 42,800 | 121 | ||||||
Dongjiang Environmental Co. Ltd. Class A | 86,300 | 120 | |||||||
Yunnan Energy New Material Co. Ltd. | 15,800 | 120 | |||||||
Focus Media Information Technology Co. Ltd. Class A | 176,400 | 120 | |||||||
Hefei Meiya Optoelectronic Technology Inc. Class A | 20,200 | 119 | |||||||
* | Siasun Robot & Automation Co. Ltd. Class A | 64,400 | 119 | ||||||
Weichai Power Co. Ltd. Class A | 63,300 | 119 | |||||||
Gemdale Corp. Class A | 63,100 | 119 | |||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | 38,700 | 119 | |||||||
* | Asymchem Laboratories Tianjin Co. Ltd. Class A | 4,500 | 119 | ||||||
* | Wanda Film Holding Co. Ltd. Class A | 50,500 | 118 | ||||||
* | Tianfeng Securities Co. Ltd. Class A | 154,294 | 118 | ||||||
Walvax Biotechnology Co. Ltd. Class A | 20,700 | 117 | |||||||
Jiangsu Zhongtian Technology Co. Ltd. Class A | 74,300 | 117 | |||||||
SooChow Securities Co. Ltd. Class A | 108,160 | 117 | |||||||
Weifu High-Technology Group Co. Ltd. Class A | 40,800 | 116 | |||||||
Fuyao Glass Industry Group Co. Ltd. Class A | 41,500 | 116 | |||||||
Huayu Automotive Systems Co. Ltd. Class A | 40,400 | 115 | |||||||
Greatview Aseptic Packaging Co. Ltd. | 311,000 | 115 | |||||||
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A | 64,200 | 114 | |||||||
China National Nuclear Power Co. Ltd. Class A | 186,300 | 114 | |||||||
1 | Yadea Group Holdings Ltd. | 306,000 | 114 | ||||||
Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 187,900 | 114 | |||||||
Everbright Securities Co. Ltd. Class A | 72,700 | 114 | |||||||
Bengang Steel Plates Co. Ltd. Class B | 545,000 | 114 | |||||||
Guangzhou Wondfo Biotech Co. Ltd. Class A | 10,100 | 114 | |||||||
Youngor Group Co. Ltd. Class A | 122,100 | 113 | |||||||
^,* | China Tobacco International HK Co. Ltd. | 58,000 | 113 | ||||||
Sichuan Expressway Co. Ltd. Class A | 215,200 | 113 | |||||||
Tiangong International Co. Ltd. | 354,000 | 113 | |||||||
Beijing E-Hualu Information Technology Co. Ltd. Class A | 16,857 | 113 | |||||||
Guosen Securities Co. Ltd. Class A | 75,255 | 112 | |||||||
China Tian Lun Gas Holdings Ltd. | 142,500 | 112 | |||||||
1 | Redco Properties Group Ltd. | 238,000 | 112 | ||||||
^ | Colour Life Services Group Co. Ltd. | 235,000 | 111 |
20
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
China Shineway Pharmaceutical Group Ltd. | 150,000 | 111 | |||||||
* | Nanyang Topsec Technologies Group Inc. Class A | 31,400 | 111 | ||||||
Chongqing Changan Automobile Co. Ltd. Class A | 81,200 | 111 | |||||||
China National Chemical Engineering Co. Ltd. Class A | 128,200 | 111 | |||||||
NavInfo Co. Ltd. Class A | 54,100 | 111 | |||||||
Fiberhome Telecommunication Technologies Co. Ltd. Class A | 24,800 | 111 | |||||||
^,*,1 | CStone Pharmaceuticals | 107,500 | 110 | ||||||
Guangzhou Automobile Group Co. Ltd. Class A | 79,800 | 110 | |||||||
^ | Sihuan Pharmaceutical Holdings Group Ltd. | 1,108,000 | 110 | ||||||
* | Zhuguang Holdings Group Co. Ltd. | 762,000 | 110 | ||||||
^,*,1 | Yixin Group Ltd. | 645,500 | 110 | ||||||
AECC Aviation Power Co. Ltd. Class A | 31,500 | 110 | |||||||
China Foods Ltd. | 332,000 | 109 | |||||||
* | Leyou Technologies Holdings Ltd. | 365,000 | 109 | ||||||
Fujian Star-net Communication Co. Ltd. Class A | 20,600 | 109 | |||||||
Chengdu Fusen Noble-House Industrial Co. Ltd. Class A | 68,430 | 109 | |||||||
Maanshan Iron & Steel Co. Ltd. Class A | 290,000 | 107 | |||||||
Orient Securities Co. Ltd. Class A | 81,400 | 107 | |||||||
Zhongtian Financial Group Co. Ltd. Class A | 245,300 | 107 | |||||||
* | Yunnan Copper Co. Ltd. Class A | 79,300 | 107 | ||||||
* | Bank of Changsha Co. Ltd. Class A | 96,300 | 107 | ||||||
Jinchuan Group International Resources Co. Ltd. | 1,512,000 | 107 | |||||||
China Zhongwang Holdings Ltd. | 442,800 | 106 | |||||||
* | Addsino Co. Ltd. Class A | 49,300 | 106 | ||||||
Yunda Holding Co. Ltd. Class A | 25,497 | 106 | |||||||
Angel Yeast Co. Ltd. Class A | 20,300 | 106 | |||||||
GoerTek Inc. Class A | 39,300 | 106 | |||||||
Oriental Pearl Group Co. Ltd. Class A | 83,500 | 106 | |||||||
Qingdao TGOOD Electric Co. Ltd. Class A | 39,200 | 106 | |||||||
Beijing Enlight Media Co. Ltd. Class A | 70,600 | 105 | |||||||
*,1 | Meitu Inc. | 578,500 | 105 | ||||||
China Oilfield Services Ltd. Class A | 60,025 | 105 | |||||||
* | GCL-Poly Energy Holdings Ltd. | 3,669,800 | 104 | ||||||
Zhengzhou Yutong Bus Co. Ltd. Class A | 56,700 | 104 | |||||||
Shaanxi Coal Industry Co. Ltd. Class A | 98,000 | 104 | |||||||
Spring Airlines Co. Ltd. Class A | 19,800 | 104 | |||||||
*,§ | China Huiyuan Juice Group Ltd. | 398,000 | 104 | ||||||
Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 403,700 | 103 | |||||||
China South Publishing & Media Group Co. Ltd. Class A | 66,900 | 103 | |||||||
* | Misho Ecology & Landscape Co. Ltd. Class A | 69,900 | 103 | ||||||
China Gezhouba Group Co. Ltd. Class A | 112,300 | 103 | |||||||
Greenland Hong Kong Holdings Ltd. | 275,000 | 102 | |||||||
AVICOPTER plc Class A | 16,400 | 102 | |||||||
China Southern Airlines Co. Ltd. Class A | 135,000 | 102 | |||||||
Beijing Dabeinong Technology Group Co. Ltd. Class A | 80,000 | 102 | |||||||
^,*,1 | Maoyan Entertainment | 75,600 | 102 | ||||||
1 | Red Star Macalline Group Corp. Ltd. Class H | 160,414 | 102 | ||||||
Wuchan Zhongda Group Co. Ltd. Class A | 154,600 | 102 | |||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 31,200 | 102 | |||||||
^ | Oshidori International Holdings Ltd. | 1,288,800 | 101 | ||||||
Shenzhen Overseas Chinese Town Co. Ltd. Class A | 109,700 | 101 | |||||||
GEM Co. Ltd. Class A | 153,900 | 100 | |||||||
* | China Merchants Energy Shipping Co. Ltd. Class A | 104,400 | 100 | ||||||
Bank of Guiyang Co. Ltd. Class A | 89,500 | 100 | |||||||
Hengli Petrochemical Co. Ltd. Class A | 50,000 | 99 | |||||||
Tasly Pharmaceutical Group Co. Ltd. Class A | 50,300 | 99 | |||||||
Shandong Hualu Hengsheng Chemical Co. Ltd. Class A | 42,300 | 99 | |||||||
Yango Group Co. Ltd. Class A | 100,500 | 98 | |||||||
Guoxuan High-Tech Co. Ltd. | 31,000 | 98 | |||||||
Southwest Securities Co. Ltd. Class A | 155,100 | 98 | |||||||
Chongqing Fuling Zhacai Group Co. Ltd. Class A | 21,000 | 98 | |||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A | 19,200 | 97 | |||||||
^ | E-House China Enterprise Holdings Ltd. | 108,900 | 97 | ||||||
O-Net Technologies Group Ltd. | 156,000 | 97 |
21
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Yintai Gold Co. Ltd. Class A | 41,900 | 96 | |||||||
LVGEM China Real Estate Investment Co. Ltd. | 332,000 | 96 | |||||||
* | Tongkun Group Co. Ltd. Class A | 58,000 | 96 | ||||||
TBEA Co. Ltd. Class A | 90,000 | 95 | |||||||
Fujian Sunner Development Co. Ltd. Class A | 31,200 | 95 | |||||||
Zhejiang Huayou Cobalt Co. Ltd. Class A | 19,900 | 95 | |||||||
Yealink Network Technology Corp. Ltd. Class A | 7,487 | 95 | |||||||
Yuan Longping High-tech Agriculture Co. Ltd. Class A | 41,400 | 95 | |||||||
* | Zhejiang Dahua Technology Co. Ltd. Class A | 40,200 | 95 | ||||||
West China Cement Ltd. | 530,000 | 94 | |||||||
* | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 13,000 | 94 | ||||||
* | Luenmei Quantum Co. Ltd. Class A | 43,800 | 94 | ||||||
* | China Enterprise Co. Ltd. Class A | 157,200 | 94 | ||||||
Xiamen Xiangyu Co. Ltd. Class A | 116,103 | 94 | |||||||
Wonders Information Co. Ltd. Class A | 30,800 | 94 | |||||||
Dazhong Transportation Group Co. Ltd. Class B | 264,350 | 94 | |||||||
* | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 9,600 | 93 | ||||||
Shaanxi International Trust Co. Ltd. Class A | 185,400 | 93 | |||||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 6,700 | 93 | |||||||
Grandblue Environment Co. Ltd. Class A | 31,200 | 93 | |||||||
1 | Everbright Securities Co. Ltd. Class H | 150,600 | 93 | ||||||
* | Jiangsu Shagang Co. Ltd. Class A | 48,800 | 93 | ||||||
China Resources Medical Holdings Co. Ltd. | 182,090 | 92 | |||||||
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class B | 131,100 | 92 | |||||||
* | AVIC Shenyang Aircraft Co. Ltd. Class A | 19,497 | 92 | ||||||
Beijing North Star Co. Ltd. Class A | 238,800 | 91 | |||||||
* | Noah Holdings Ltd. ADR | 3,293 | 91 | ||||||
Inner Mongolia BaoTou Steel Union Co. Ltd. Class A | 597,600 | 91 | |||||||
* | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 132,000 | 91 | ||||||
Consun Pharmaceutical Group Ltd. | 178,000 | 91 | |||||||
Wens Foodstuffs Group Co. Ltd. | 21,300 | 91 | |||||||
* | Guangzhou Restaurant Group Co. Ltd. Class A | 22,100 | 90 | ||||||
AVIC Electromechanical Systems Co. Ltd. Class A | 77,600 | 90 | |||||||
* | Shanghai Phoenix Enterprise Group Co. Ltd. Class B | 266,000 | 90 | ||||||
Tongda Group Holdings Ltd. | 1,400,293 | 90 | |||||||
Xinhua Winshare Publishing and Media Co. Ltd. Class A | 56,600 | 90 | |||||||
* | Jiajiayue Group Co. Ltd. Class A | 18,300 | 90 | ||||||
Huaneng Power International Inc. Class A | 150,400 | 90 | |||||||
* | Hi Sun Technology China Ltd. | 792,000 | 90 | ||||||
Concord New Energy Group Ltd. | 2,200,000 | 89 | |||||||
ORG Technology Co. Ltd. Class A | 156,400 | 89 | |||||||
* | Hongta Securities Co. Ltd. Class A | 33,000 | 89 | ||||||
Dong-E-E-Jiao Co. Ltd. Class A | 20,500 | 89 | |||||||
* | Gree Real Estate Co. Ltd. Class A | 125,300 | 88 | ||||||
Huafa Industrial Co. Ltd. Zhuhai Class A | 93,200 | 88 | |||||||
Yanzhou Coal Mining Co. Ltd. Class A | 75,000 | 88 | |||||||
Apeloa Pharmaceutical Co. Ltd. Class A | 35,000 | 87 | |||||||
* | Guangdong South New Media Co. Ltd. Class A | 4,000 | 87 | ||||||
* | Longshine Technology Group Co. Ltd. Class A | 21,600 | 87 | ||||||
SDIC Power Holdings Co. Ltd. Class A | 80,200 | 87 | |||||||
Wuhu Token Science Co. Ltd. Class A | 64,400 | 87 | |||||||
Xinhua Winshare Publishing and Media Co. Ltd. Class H | 126,000 | 87 | |||||||
* | Zhejiang Dingli Machinery Co. Ltd. Class A | 7,810 | 86 | ||||||
Inner Mongolia First Machinery Group Co. Ltd. Class A | 64,000 | 86 | |||||||
CPMC Holdings Ltd. | 242,000 | 86 | |||||||
*,1 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 17,700 | 86 | ||||||
* | Leo Group Co. Ltd. Class A | 162,800 | 86 | ||||||
China Film Co. Ltd. Class A | 46,100 | 86 | |||||||
Yantai Jereh Oilfield Services Group Co. Ltd. Class A | 24,500 | 86 | |||||||
CIMC Enric Holdings Ltd. | 184,000 | 86 | |||||||
^,1 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 46,000 | 86 | ||||||
* | Shenzhen Sunway Communication Co. Ltd. Class A | 14,900 | 85 | ||||||
Hangzhou Steam Turbine Co. Ltd. Class B | 87,657 | 85 | |||||||
Huadian Power International Corp. Ltd. Class A | 164,400 | 85 |
22
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Songcheng Performance Development Co. Ltd. Class A | 20,300 | 85 | |||||||
* | Chongqing Brewery Co. Ltd. Class A | 11,100 | 85 | ||||||
XCMG Construction Machinery Co. Ltd. Class A | 109,200 | 85 | |||||||
Guangdong Provincial Expressway Development Co. Ltd. Class B | 129,300 | 84 | |||||||
Eastern Communications Co. Ltd. Class B | 175,800 | 84 | |||||||
Westone Information Industry Inc. Class A | 26,500 | 84 | |||||||
Dongfang Electric Corp. Ltd. Class H | 156,600 | 84 | |||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 91,404 | 84 | |||||||
Avic Capital Co. Ltd. Class A | 151,600 | 84 | |||||||
Jinke Properties Group Co. Ltd. Class A | 74,500 | 83 | |||||||
China BlueChemical Ltd. Class H | 556,000 | 83 | |||||||
DHC Software Co. Ltd. Class A | 43,569 | 83 | |||||||
* | Jafron Biomedical Co. Ltd. Class A | 5,300 | 83 | ||||||
Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 6,379 | 82 | |||||||
Sunwoda Electronic Co. Ltd. Class A | 41,100 | 82 | |||||||
TongFu Microelectronics Co. Ltd. Class A | 25,700 | 82 | |||||||
Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 67,400 | 82 | |||||||
COSCO SHIPPING Development Co. Ltd. Class H | 793,000 | 82 | |||||||
^ | CMBC Capital Holdings Ltd. | 5,250,000 | 82 | ||||||
* | Sichuan Hebang Biotechnology Co. Ltd. Class A | 425,700 | 82 | ||||||
* | Hebei Chengde Lolo Co. Class A | 95,040 | 81 | ||||||
Shanghai International Port Group Co. Ltd. Class A | 138,700 | 81 | |||||||
Grandjoy Holdings Group Co. Ltd. Class A | 107,100 | 81 | |||||||
Lens Technology Co. Ltd. Class A | 32,300 | 81 | |||||||
^,*,§ | Luckin Coffee Inc. ADR | 18,454 | 81 | ||||||
* | Sohu.com Ltd. ADR | 9,628 | 81 | ||||||
Shenzhen Goodix Technology Co. Ltd. Class A | 2,442 | 81 | |||||||
Ninestar Corp. Class A | 19,100 | 80 | |||||||
Shanghai Electric Group Co. Ltd. Class A | 117,100 | 80 | |||||||
* | Kuang-Chi Technologies Co. Ltd. Class A | 72,100 | 80 | ||||||
* | Guosheng Financial Holding Inc. Class A | 65,600 | 80 | ||||||
Chengdu Xingrong Environment Co. Ltd. Class A | 116,800 | 80 | |||||||
YGSOFT Inc. Class A | 41,000 | 79 | |||||||
Beijing Shunxin Agriculture Co. Ltd. Class A | 10,399 | 79 | |||||||
Jiangsu King’s Luck Brewery JSC Ltd. Class A | 17,327 | 79 | |||||||
Zhejiang Weixing New Building Materials Co. Ltd. Class A | 46,100 | 79 | |||||||
Chengzhi Co. Ltd. Class A | 47,400 | 79 | |||||||
Offshore Oil Engineering Co. Ltd. Class A | 112,800 | 79 | |||||||
Sichuan Swellfun Co. Ltd. Class A | 12,100 | 78 | |||||||
Guoyuan Securities Co. Ltd. Class A | 68,400 | 78 | |||||||
* | Shenzhen Sunlord Electronics Co. Ltd. Class A | 25,500 | 78 | ||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 41,800 | 78 | |||||||
Laobaixing Pharmacy Chain JSC Class A | 7,300 | 78 | |||||||
* | China Satellite Communications Co. Ltd. Class A | 32,500 | 78 | ||||||
* | Shandong Sinocera Functional Material Co. Ltd. Class A | 24,100 | 78 | ||||||
* | Topchoice Medical Corp. Class A | 4,495 | 77 | ||||||
* | Avary Holding Shenzhen Co. Ltd. Class A | 13,300 | 77 | ||||||
China Grand Automotive Services Group Co. Ltd. Class A | 158,700 | 77 | |||||||
Newland Digital Technology Co. Ltd. Class A | 33,399 | 77 | |||||||
* | Qutoutiao Inc. ADR | 30,953 | 76 | ||||||
Power Construction Corp. of China Ltd. Class A | 151,500 | 76 | |||||||
Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 29,600 | 76 | |||||||
* | Myhome Real Estate Development Group Co. Ltd. Class A | 189,900 | 76 | ||||||
Shenzhen Gas Corp. Ltd. Class A | 71,700 | 75 | |||||||
Guangzhou Baiyun International Airport Co. Ltd. Class A | 33,900 | 75 | |||||||
Sichuan Chuantou Energy Co. Ltd. Class A | 59,400 | 75 | |||||||
* | Guocheng Mining Co. Ltd. | 30,854 | 75 | ||||||
AVIC Jonhon Optronic Technology Co. Ltd. Class A | 14,900 | 75 | |||||||
Shanghai Bailian Group Co. Ltd. Class B | 106,800 | 75 | |||||||
China South City Holdings Ltd. | 778,000 | 75 | |||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 69,400 | 75 | |||||||
Central China Securities Co. Ltd. Class A | 113,100 | 74 | |||||||
Xiamen Tungsten Co. Ltd. Class A | 46,600 | 74 | |||||||
* | China Great Wall Securities Co. Ltd. Class A | 44,200 | 74 |
23
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Tongwei Co. Ltd. Class A | 34,900 | 74 | |||||||
Zhongshan Public Utilities Group Co. Ltd. Class A | 66,700 | 73 | |||||||
GD Power Development Co. Ltd. Class A | 261,200 | 73 | |||||||
Shaan Xi Provincial Natural Gas Co. Ltd. Class A | 84,800 | 73 | |||||||
Venustech Group Inc. Class A | 12,600 | 72 | |||||||
Tianjin Zhonghuan Semiconductor Co. Ltd. Class A | 29,861 | 72 | |||||||
Jinduicheng Molybdenum Co. Ltd. Class A | 86,200 | 72 | |||||||
Greenland Holdings Corp. Ltd. Class A | 90,100 | 72 | |||||||
Beijing Jingneng Clean Energy Co. Ltd. Class H | 414,000 | 71 | |||||||
Guangshen Railway Co. Ltd. Class H | 336,000 | 71 | |||||||
SPIC Dongfang New Energy Corp. Class A | 117,800 | 71 | |||||||
China Greatwall Technology Group Co. Ltd. Class A | 42,700 | 71 | |||||||
* | Guangxi Guidong Electric Power Co. Ltd. Class A | 135,000 | 71 | ||||||
Zhejiang Supor Co. Ltd. Class A | 7,595 | 70 | |||||||
Chaozhou Three-Circle Group Co. Ltd. Class A | 24,200 | 70 | |||||||
Beijing Tongrentang Co. Ltd. Class A | 19,400 | 70 | |||||||
* | Shenzhen Gongjin Electronics Co. Ltd. Class A | 41,300 | 70 | ||||||
Huafon Microfibre Shanghai Technology Co. Ltd. Class A | 57,300 | 70 | |||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 17,000 | 70 | |||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 16,100 | 70 | |||||||
China Railway Hi-tech Industry Co. Ltd. Class A | 50,900 | 70 | |||||||
Anhui Expressway Co. Ltd. Class A | 92,100 | 70 | |||||||
Zhejiang Juhua Co. Ltd. Class A | 76,900 | 69 | |||||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 107,000 | 69 | |||||||
Chaowei Power Holdings Ltd. | 240,000 | 69 | |||||||
* | Fujian Dongbai Group Co. Ltd. Class A | 100,600 | 68 | ||||||
* | Harbin Electric Co. Ltd. Class H | 246,000 | 68 | ||||||
* | Huaibei Mining Holdings Co. Ltd. Class A | 57,100 | 68 | ||||||
Beijing Thunisoft Corp. Ltd. Class A | 18,200 | 68 | |||||||
Ningbo Zhoushan Port Co. Ltd. Class A | 144,600 | 68 | |||||||
Shanghai Haixin Group Co. Class B | 210,800 | 68 | |||||||
Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 92,800 | 68 | |||||||
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B | 61,773 | 68 | |||||||
* | First Tractor Co. Ltd. Class H | 308,000 | 67 | ||||||
Guangdong HEC Technology Holding Co. Ltd. Class A | 71,200 | 67 | |||||||
Shenzhen Energy Group Co. Ltd. Class A | 87,000 | 67 | |||||||
Shanghai Mechanical and Electrical Industry Co. Ltd. Class A | 32,100 | 67 | |||||||
Shanxi Lu’an Environmental Energy Development Co. Ltd. Class A | 83,800 | 67 | |||||||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class H | 106,000 | 67 | ||||||
Wisdom Education International Holdings Co. Ltd. | 160,000 | 67 | |||||||
Suning Universal Co. Ltd. Class A | 142,700 | 67 | |||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 74,500 | 67 | |||||||
* | So-Young International Inc. ADR | 6,416 | 67 | ||||||
Shenergy Co. Ltd. Class A | 88,900 | 67 | |||||||
China Avionics Systems Co. Ltd. Class A | 33,900 | 66 | |||||||
China Northern Rare Earth Group High-Tech Co. Ltd. Class A | 51,800 | 66 | |||||||
Shanghai Jin Jiang Capital Co. Ltd. Class H | 372,000 | 66 | |||||||
Hubei Energy Group Co. Ltd. Class A | 126,000 | 66 | |||||||
China ZhengTong Auto Services Holdings Ltd. | 423,500 | 66 | |||||||
* | Wise Talent Information Technology Co. Ltd. | 30,600 | 66 | ||||||
Maccura Biotechnology Co. Ltd. Class A | 12,500 | 65 | |||||||
Guangdong Electric Power Development Co. Ltd. Class B | 239,743 | 65 | |||||||
Shenzhen World Union Group Inc. Class A | 165,500 | 65 | |||||||
§ | Tahoe Group Co. Ltd. Class A | 104,500 | 65 | ||||||
* | Jiangsu Guoxin Corp. Ltd. Class A | 71,600 | 64 | ||||||
* | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 228,000 | 64 | ||||||
Xingda International Holdings Ltd. | 269,000 | 64 | |||||||
*,§ | Anxin Trust Co. Ltd. Class A | 180,300 | 64 | ||||||
RiseSun Real Estate Development Co. Ltd. Class A | 56,200 | 64 | |||||||
Jinyu Bio-Technology Co. Ltd. Class A | 19,100 | 64 | |||||||
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 138,200 | 64 | |||||||
* | Bank of Zhengzhou Co. Ltd. Class A | 116,500 | 63 | ||||||
Hubei Biocause Pharmaceutical Co. Ltd. Class A | 79,700 | 62 | |||||||
Sinofert Holdings Ltd. | 668,000 | 62 |
24
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Tunghsu Optoelectronic Technology Co. Ltd. Class A | 157,600 | 62 | |||||||
^,1 | China Everbright Greentech Ltd. | 149,000 | 62 | ||||||
* | COSCO Shipping International Singapore Co. Ltd. | 379,700 | 62 | ||||||
Oceanwide Holdings Co. Ltd. Class A | 125,400 | 61 | |||||||
GRG Banking Equipment Co. Ltd. Class A | 33,397 | 61 | |||||||
JNBY Design Ltd. | 63,000 | 61 | |||||||
Xiamen International Airport Co. Ltd. Class A | 24,200 | 61 | |||||||
China Jushi Co. Ltd. Class A | 48,900 | 60 | |||||||
FinVolution Group | 31,345 | 60 | |||||||
*,1 | Ascletis Pharma Inc. | 167,000 | 60 | ||||||
Anhui Expressway Co. Ltd. Class H | 116,000 | 60 | |||||||
* | Bestsun Energy Co. Ltd. Class A | 77,700 | 60 | ||||||
Guangshen Railway Co. Ltd. Class A | 177,800 | 59 | |||||||
Sinopec Shanghai Petrochemical Co. Ltd. Class A | 105,100 | 59 | |||||||
Shenzhen Inovance Technology Co. Ltd. Class A | 12,900 | 59 | |||||||
* | 5I5J Holding Group Co. Ltd. Class A | 123,300 | 59 | ||||||
Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 21,700 | 59 | |||||||
Weifu High-Technology Group Co. Ltd. Class B | 34,600 | 59 | |||||||
Metallurgical Corp. of China Ltd. Class A | 162,900 | 59 | |||||||
CECEP Solar Energy Co. Ltd. Class A | 125,590 | 59 | |||||||
Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 51,800 | 59 | |||||||
* | Sinopec Oilfield Service Corp. Class H | 806,000 | 58 | ||||||
* | Kama Co. Ltd. Class B | 158,400 | 58 | ||||||
Han’s Laser Technology Industry Group Co. Ltd. Class A | 13,697 | 58 | |||||||
*,§,1 | Tianhe Chemicals Group Ltd. | 383,088 | 58 | ||||||
Great Wall Motor Co. Ltd. Class A | 50,800 | 58 | |||||||
Zhejiang NHU Co. Ltd. Class A | 15,000 | 58 | |||||||
* | COSCO SHIPPING Holdings Co. Ltd. Class A | 113,800 | 58 | ||||||
Texhong Textile Group Ltd. | 79,500 | 57 | |||||||
Zhongjin Gold Corp. Ltd. Class A | 48,000 | 57 | |||||||
China National Accord Medicines Corp. Ltd. Class B | 20,760 | 56 | |||||||
Tianqi Lithium Corp. Class A | 24,310 | 56 | |||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 11,900 | 56 | |||||||
Centre Testing International Group Co. Ltd. Class A | 23,300 | 56 | |||||||
Guanghui Energy Co. Ltd. Class A | 156,600 | 56 | |||||||
Shanghai M&G Stationery Inc. Class A | 7,600 | 55 | |||||||
China Machinery Engineering Corp. Class H | 200,000 | 55 | |||||||
Wuxi Taiji Industry Co. Ltd. Class A | 36,200 | 54 | |||||||
* | Sangfor Technologies Inc. Class A | 2,000 | 54 | ||||||
China Molybdenum Co. Ltd. Class A | 110,400 | 54 | |||||||
Tianjin Development Holdings Ltd. | 254,000 | 54 | |||||||
* | Berry Genomics Co. Ltd. Class A | 8,600 | 54 | ||||||
* | Sogou Inc. ADR | 15,000 | 53 | ||||||
* | CAR Inc. | 183,117 | 53 | ||||||
INESA Intelligent Tech Inc. Class B | 98,400 | 53 | |||||||
Tangshan Jidong Cement Co. Ltd. Class A | 18,500 | 52 | |||||||
360 Security Technology Inc. Class A | 19,798 | 52 | |||||||
* | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A | 21,498 | 51 | ||||||
Taiji Computer Corp. Ltd. Class A | 9,300 | 51 | |||||||
Anhui Gujing Distillery Co. Ltd. Class A | 2,600 | 49 | |||||||
Xinhu Zhongbao Co. Ltd. Class A | 111,700 | 49 | |||||||
G-bits Network Technology Xiamen Co. Ltd. Class A | 900 | 48 | |||||||
* | Ruhnn Holding Ltd. ADR | 13,721 | 47 | ||||||
Beijing Shiji Information Technology Co. Ltd. Class A | 10,900 | 47 | |||||||
^ | China High Speed Transmission Equipment Group Co. Ltd. | 73,000 | 46 | ||||||
* | Hanergy Thin Film Power Group Ltd. | 1,810,000 | 46 | ||||||
Huangshan Tourism Development Co. Ltd. Class B | 63,626 | 46 | |||||||
China TransInfo Technology Co. Ltd. Class A | 13,400 | 44 | |||||||
Shanghai Shibei Hi-Tech Co. Ltd. Class B | 125,576 | 44 | |||||||
Sinolink Securities Co. Ltd. Class A | 31,900 | 43 | |||||||
Sichuan Expressway Co. Ltd. Class H | 166,000 | 43 | |||||||
^,* | HengTen Networks Group Ltd. | 4,524,000 | 42 | ||||||
CITIC Resources Holdings Ltd. | 1,238,000 | 42 | |||||||
* | Beijing Gas Blue Sky Holdings Ltd. | 2,024,000 | 41 |
25
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Dongfang Electric Corp. Ltd. Class A | 34,300 | 41 | |||||||
Qingling Motors Co. Ltd. Class H | 194,000 | 41 | |||||||
COSCO SHIPPING Development Co. Ltd. Class A | 147,400 | 40 | |||||||
* | Autobio Diagnostics Co. Ltd. Class A | 2,100 | 40 | ||||||
Industrial Securities Co. Ltd. Class A | 46,800 | 40 | |||||||
Shandong Chenming Paper Holdings Ltd. Class B | 101,100 | 39 | |||||||
SDIC Capital Co. Ltd. Class A | 23,300 | 39 | |||||||
*,1 | Tian Ge Interactive Holdings Ltd. | 230,000 | 39 | ||||||
Shandong Airlines Co. Ltd. Class B | 45,200 | 37 | |||||||
Wasion Holdings Ltd. | 108,000 | 37 | |||||||
* | Kasen International Holdings Ltd. | 230,000 | 37 | ||||||
* | Fullshare Holdings Ltd. | 2,445,000 | 37 | ||||||
* | Chongqing Iron & Steel Co. Ltd. Class H | 378,000 | 37 | ||||||
*,1 | Haichang Ocean Park Holdings Ltd. | 456,000 | 36 | ||||||
Changjiang Securities Co. Ltd. Class A | 40,620 | 36 | |||||||
Bank of Jiangsu Co. Ltd. Class A | 42,000 | 36 | |||||||
* | Qudian Inc. ADR | 20,600 | 36 | ||||||
Shanghai Industrial Urban Development Group Ltd. | 360,000 | 35 | |||||||
Hangzhou Silan Microelectronics Co. Ltd. Class A | 17,300 | 34 | |||||||
Guomai Technologies Inc. Class A | 27,800 | 34 | |||||||
* | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 3,197 | 34 | ||||||
Guorui Properties Ltd. | 205,000 | 34 | |||||||
STO Express Co. Ltd. Class A | 14,500 | 34 | |||||||
Huadong Medicine Co. Ltd. Class A | 11,930 | 33 | |||||||
Western Securities Co. Ltd. Class A | 29,000 | 32 | |||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 15,600 | 32 | |||||||
§ | China Fiber Optic Network System Group Ltd. | 348,000 | 31 | ||||||
NSFOCUS Technologies Group Co. Ltd. Class A | 10,497 | 31 | |||||||
Ajisen China Holdings Ltd. | 140,000 | 31 | |||||||
* | Visionox Technology Inc. Class A | 17,998 | 31 | ||||||
* | Wangsu Science & Technology Co. Ltd. Class A | 26,600 | 30 | ||||||
* | PCI-Suntek Technology Co. Ltd. Class A | 23,100 | 30 | ||||||
Tianjin Port Development Holdings Ltd. | 450,000 | 30 | |||||||
* | China Fangda Group Co. Ltd. Class B | 74,700 | 29 | ||||||
Beijing North Star Co. Ltd. Class H | 118,000 | 29 | |||||||
Dongjiang Environmental Co. Ltd. Class H | 37,500 | 28 | |||||||
Sinotrans Ltd. Class A | 61,500 | 28 | |||||||
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class A | 6,300 | 28 | |||||||
Shanghai Huayi Group Co. Ltd. Class B | 63,200 | 28 | |||||||
* | China Modern Dairy Holdings Ltd. | 238,500 | 25 | ||||||
* | Fangda Carbon New Material Co. Ltd. Class A | 21,597 | 25 | ||||||
HLA Corp. Ltd. Class A | 28,100 | 25 | |||||||
Dawnrays Pharmaceutical Holdings Ltd. | 164,000 | 25 | |||||||
Hangzhou First Applied Material Co. Ltd. Class A | 3,600 | 25 | |||||||
* | GCL System Integration Technology Co. Ltd. Class A | 68,600 | 24 | ||||||
Tian Di Science & Technology Co. Ltd. Class A | 56,611 | 24 | |||||||
1 | Beijing Urban Construction Design & Development Group Co. Ltd. Class H | 88,000 | 24 | ||||||
Xiamen International Port Co. Ltd. Class H | 266,000 | 24 | |||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 26,900 | 24 | |||||||
* | Beijing Enterprises Clean Energy Group Ltd. | 5,760,000 | 24 | ||||||
Luthai Textile Co. Ltd. Class B | 35,800 | 23 | |||||||
361 Degrees International Ltd. | 146,000 | 22 | |||||||
Chongqing Water Group Co. Ltd. Class A | 26,145 | 20 | |||||||
*,§ | CT Environmental Group Ltd. | 424,000 | 19 | ||||||
Weiqiao Textile Co. Class H | 88,000 | 18 | |||||||
* | Shenzhen Anche Technologies Co. Ltd. Class A | 2,700 | 18 | ||||||
* | Shanghai Greencourt Investment Group Co. Ltd. Class B | 55,200 | 18 | ||||||
* | Landing International Development Ltd. | 439,700 | 17 | ||||||
* | Grand Baoxin Auto Group Ltd. | 136,383 | 16 | ||||||
Shanghai Highly Group Co. Ltd. Class B | 25,400 | 15 | |||||||
Phoenix Media Investment Holdings Ltd. | 200,000 | 10 | |||||||
*,§ | China Lumena New Materials Corp. | 11,900 | 8 | ||||||
*,§ | Mingfa Group International Co. Ltd. | 30,971 | 8 | ||||||
*,§ | Real Nutriceutical Group Ltd. | 143,000 | 4 |
26
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
*,§ | Hua Han Health Industry Holdings Ltd. | 214,708 | 3 | ||||||
*,§ | Shenglong PV-Tech Investment Co. Ltd. | 1,034,191 | — | ||||||
^,*,§ | Midas Holdings Ltd. | 223,900 | — | ||||||
^,*,§ | China Huishan Dairy Holdings Co. Ltd. | 822,401 | — | ||||||
*,§ | Anxin-China Holdings Ltd. | 312,000 | — | ||||||
756,370 | |||||||||
Colombia (0.0%) | |||||||||
Bancolombia SA ADR | 40,735 | 1,063 | |||||||
Interconexion Electrica SA ESP | 147,944 | 680 | |||||||
Bancolombia SA | 87,428 | 559 | |||||||
Ecopetrol SA | 971,880 | 513 | |||||||
Grupo de Inversiones Suramericana SA | 75,133 | 408 | |||||||
Grupo Energia Bogota SA ESP | 612,518 | 347 | |||||||
Grupo de Inversiones Suramericana SA Preference Shares | 70,558 | 337 | |||||||
Ecopetrol SA ADR | 31,110 | 325 | |||||||
Grupo Aval Acciones y Valores Preference Shares | 1,336,176 | 285 | |||||||
* | Corp Financiera Colombiana SA | 39,458 | 257 | ||||||
Grupo Argos SA | 103,482 | 241 | |||||||
Banco Davivienda SA Preference Shares | 30,722 | 223 | |||||||
Cementos Argos SA | 164,401 | 162 | |||||||
Bancolombia SA Preference Shares | 14,574 | 95 | |||||||
* | CEMEX Latam Holdings SA | 68,341 | 31 | ||||||
5,526 | |||||||||
Czech Republic (0.0%) | |||||||||
Cez AS | 56,407 | 1,049 | |||||||
* | Komercni banka AS | 24,994 | 529 | ||||||
1 | Moneta Money Bank AS | 180,939 | 376 | ||||||
O2 Czech Republic AS | 17,322 | 152 | |||||||
* | Philip Morris CR AS | 235 | 134 | ||||||
2,240 | |||||||||
Denmark (0.6%) | |||||||||
Novo Nordisk A/S Class B | 593,136 | 37,836 | |||||||
DSV Panalpina A/S | 73,146 | 7,600 | |||||||
Coloplast A/S Class B | 47,178 | 7,441 | |||||||
1 | Orsted A/S | 68,109 | 6,880 | ||||||
Vestas Wind Systems A/S | 68,345 | 5,869 | |||||||
* | Genmab A/S | 21,593 | 5,191 | ||||||
Carlsberg A/S Class B | 35,431 | 4,470 | |||||||
Novozymes A/S | 71,170 | 3,491 | |||||||
Chr Hansen Holding A/S | 36,928 | 3,184 | |||||||
* | Danske Bank A/S | 244,267 | 2,900 | ||||||
AP Moller - Maersk A/S Class B | 2,635 | 2,623 | |||||||
GN Store Nord A/S | 49,241 | 2,247 | |||||||
Ambu A/S Class B | 57,598 | 1,804 | |||||||
SimCorp A/S | 16,043 | 1,482 | |||||||
* | Royal Unibrew A/S | 17,483 | 1,353 | ||||||
Tryg A/S | 44,748 | 1,193 | |||||||
AP Moller - Maersk A/S Class A | 1,230 | 1,140 | |||||||
Pandora A/S | 31,162 | 1,108 | |||||||
* | Iss A/S | 67,283 | 1,000 | ||||||
* | Demant A/S | 38,584 | 922 | ||||||
H Lundbeck A/S | 21,958 | 801 | |||||||
* | Bavarian Nordic A/S | 33,221 | 783 | ||||||
Ringkjoebing Landbobank A/S | 9,629 | 604 | |||||||
Topdanmark A/S | 14,420 | 582 | |||||||
* | ALK-Abello A/S | 2,242 | 570 | ||||||
*,1 | Netcompany Group A/S | 10,817 | 559 | ||||||
* | Jyske Bank A/S | 20,298 | 548 | ||||||
* | FLSmidth & Co. A/S | 17,885 | 471 | ||||||
* | Zealand Pharma A/S | 12,464 | 433 | ||||||
ROCKWOOL International A/S Class B | 2,005 | 421 | |||||||
* | Schouw & Co. A/S | 4,587 | 329 | ||||||
27
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Sydbank A/S | 19,827 | 328 | ||||||
1 | Scandinavian Tobacco Group A/S | 21,715 | 250 | ||||||
* | Nkt A/S | 10,429 | 234 | ||||||
* | Dfds A/S | 8,824 | 224 | ||||||
* | Spar Nord Bank A/S | 27,208 | 190 | ||||||
* | D/S Norden A/S | 12,354 | 174 | ||||||
* | Drilling Co. of 1972 A/S | 7,206 | 170 | ||||||
* | Alm Brand A/S | 18,659 | 146 | ||||||
* | Nilfisk Holding A/S | 9,210 | 130 | ||||||
*,§ | OW Bunker A/S | 3,210 | — | ||||||
107,681 | |||||||||
Egypt (0.0%) | |||||||||
Commercial International Bank Egypt SAE | 482,225 | 1,960 | |||||||
Eastern Co. SAE | 372,204 | 286 | |||||||
Egypt Kuwait Holding Co. SAE | 246,693 | 246 | |||||||
ElSewedy Electric Co. | 296,180 | 167 | |||||||
Egyptian Financial Group-Hermes Holding Co. | 207,673 | 149 | |||||||
Talaat Moustafa Group | 292,136 | 105 | |||||||
Telecom Egypt Co. | 127,965 | 88 | |||||||
* | Pioneers Holding for Financial Investments SAE | 243,648 | 58 | ||||||
* | Palm Hills Developments SAE | 548,521 | 45 | ||||||
* | Ezz Steel Co. SAE | 95,169 | 44 | ||||||
Heliopolis Housing | 131,268 | 40 | |||||||
Six of October Development & Investment | 53,887 | 36 | |||||||
Medinet Nasr Housing | 160,330 | 31 | |||||||
Orascom Construction plc (XCAI) | 3,826 | 17 | |||||||
Alexandria Mineral Oils Co. | 89,194 | 15 | |||||||
3,287 | |||||||||
Finland (0.3%) | |||||||||
Kone Oyj Class B | 141,425 | 8,564 | |||||||
Nokia Oyj | 2,015,527 | 7,266 | |||||||
* | Nordea Bank Abp (XSTO) | 969,670 | 6,219 | ||||||
* | Sampo Oyj Class A | 177,228 | 5,875 | ||||||
Neste Oyj | 149,433 | 5,277 | |||||||
UPM-Kymmene Oyj | 187,109 | 5,132 | |||||||
Elisa Oyj | 52,252 | 3,175 | |||||||
Fortum Oyj | 153,941 | 2,551 | |||||||
* | Stora Enso Oyj | 209,289 | 2,462 | ||||||
* | Orion Oyj Class B | 36,705 | 1,865 | ||||||
Kesko Oyj Class B | 97,868 | 1,595 | |||||||
* | Nordea Bank Abp (XHEL) | 208,324 | 1,333 | ||||||
Wartsila Oyj Abp | 181,170 | 1,330 | |||||||
* | Huhtamaki Oyj | 32,812 | 1,225 | ||||||
* | Kojamo Oyj | 64,121 | 1,153 | ||||||
* | Valmet Oyj | 46,872 | 1,072 | ||||||
Metso Oyj | 37,005 | 1,027 | |||||||
Nokian Renkaat Oyj | 47,309 | 1,005 | |||||||
* | TietoEVRY Oyj (XHEL) | 25,889 | 631 | ||||||
* | Konecranes Oyj Class A | 24,438 | 530 | ||||||
* | Metsa Board Oyj | 53,803 | 375 | ||||||
* | Kemira Oyj | 30,367 | 365 | ||||||
Cargotec Oyj Class B | 15,131 | 330 | |||||||
YIT Oyj | 49,763 | 273 | |||||||
* | Outokumpu Oyj | 95,736 | 255 | ||||||
Sanoma Oyj | 24,619 | 222 | |||||||
Ahlstrom-Munksjo Oyj | 14,154 | 197 | |||||||
Uponor Oyj | 16,929 | 190 | |||||||
Outotec Oyj | 43,506 | 181 | |||||||
Raisio Oyj | 43,191 | 160 | |||||||
^ | Citycon Oyj | 22,588 | 149 | ||||||
* | TietoEVRY Oyj (XOSL) | 5,682 | 139 | ||||||
Oriola Oyj | 39,257 | 90 | |||||||
* | F-Secure Oyj | 23,948 | 72 |
28
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Finnair Oyj | 15,836 | 63 | ||||||
62,348 | |||||||||
France (2.6%) | |||||||||
^ | Sanofi | 388,318 | 37,929 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 89,532 | 34,613 | |||||||
Total SA | 859,214 | 30,496 | |||||||
* | Schneider Electric SE | 186,193 | 17,207 | ||||||
Danone SA | 214,307 | 14,937 | |||||||
Vinci SA | 167,625 | 13,732 | |||||||
Kering SA | 26,430 | 13,445 | |||||||
EssilorLuxottica SA | 104,635 | 12,998 | |||||||
* | Airbus SE | 197,226 | 12,488 | ||||||
BNP Paribas SA | 396,158 | 12,446 | |||||||
Axa SA | 693,772 | 12,333 | |||||||
Pernod Ricard SA | 74,853 | 11,430 | |||||||
Safran SA | 115,327 | 10,722 | |||||||
* | L’Oreal SA Loyalty Shares | 32,554 | 9,465 | ||||||
* | L’Oreal SA | 30,913 | 8,988 | ||||||
Orange SA | 677,554 | 8,232 | |||||||
Hermes International | 11,085 | 8,104 | |||||||
Air Liquide SA | 59,921 | 7,613 | |||||||
Air Liquide SA Loyalty Shares | 59,882 | 7,608 | |||||||
Dassault Systemes SE | 47,362 | 6,937 | |||||||
* | L’Oreal Loyalty Shares 2021 | 22,683 | 6,595 | ||||||
Legrand SA | 93,838 | 6,291 | |||||||
^,* | Vivendi SA | 283,594 | 6,129 | ||||||
Cie Generale des Etablissements Michelin SCA | 63,419 | 6,128 | |||||||
* | Air Liquide SA Loyalty Shares 2021 | 46,531 | 5,912 | ||||||
STMicroelectronics NV | 228,074 | 5,873 | |||||||
Capgemini SE | 57,246 | 5,382 | |||||||
Cie de Saint-Gobain | 177,541 | 4,724 | |||||||
Teleperformance | 20,761 | 4,651 | |||||||
Societe Generale SA | 271,814 | 4,264 | |||||||
Veolia Environnement SA | 178,170 | 3,798 | |||||||
Edenred | 86,585 | 3,488 | |||||||
*,1 | Worldline SA | 50,816 | 3,442 | ||||||
Credit Agricole SA | 405,105 | 3,258 | |||||||
Carrefour SA | 205,699 | 3,055 | |||||||
Ingenico Group SA | 22,655 | 2,850 | |||||||
Peugeot SA | 197,400 | 2,798 | |||||||
Thales SA | 36,293 | 2,748 | |||||||
Alstom SA | 65,344 | 2,680 | |||||||
* | Bouygues SA | 80,624 | 2,481 | ||||||
* | Ubisoft Entertainment SA | 32,859 | 2,444 | ||||||
Gecina SA | 18,481 | 2,425 | |||||||
Atos SE | 33,840 | 2,420 | |||||||
Engie | 221,923 | 2,408 | |||||||
Eurofins Scientific SE | 4,082 | 2,258 | |||||||
Arkema SA | 27,120 | 2,257 | |||||||
Publicis Groupe SA | 76,227 | 2,250 | |||||||
Eiffage SA | 27,436 | 2,242 | |||||||
Engie SA | 194,907 | 2,115 | |||||||
1 | Euronext NV | 24,600 | 2,065 | ||||||
Getlink SE | 160,818 | 2,051 | |||||||
Bureau Veritas SA | 98,011 | 2,035 | |||||||
Valeo SA | 88,638 | 2,032 | |||||||
* | Sartorius Stedim Biotech | 8,361 | 2,005 | ||||||
Orpea | 17,592 | 1,957 | |||||||
BioMerieux | 15,072 | 1,862 | |||||||
Accor SA | 66,797 | 1,858 | |||||||
Engie Loyalty Shares 2021 | 167,253 | 1,815 | |||||||
* | Scor Se | 56,885 | 1,603 | ||||||
Suez | 132,609 | 1,500 | |||||||
Rubis SCA | 33,275 | 1,491 |
29
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Klepierre SA | 70,447 | 1,430 | |||||||
1 | Amundi SA | 20,616 | 1,368 | ||||||
Renault SA | 62,464 | 1,231 | |||||||
Wendel SE | 14,086 | 1,208 | |||||||
TechnipFMC plc (XPAR) | 128,157 | 1,122 | |||||||
Rexel SA | 115,139 | 1,075 | |||||||
Bollore SA | 405,123 | 1,074 | |||||||
Covivio | 16,916 | 1,062 | |||||||
Aeroports de Paris | 10,216 | 997 | |||||||
Remy Cointreau SA | 8,747 | 976 | |||||||
Ipsen SA | 12,568 | 936 | |||||||
Faurecia SE | 24,639 | 883 | |||||||
Sodexo SA | 10,282 | 822 | |||||||
Icade | 10,630 | 817 | |||||||
SES SA Class A | 120,981 | 806 | |||||||
Iliad SA | 5,379 | 801 | |||||||
Elis SA (XPAR) | 64,651 | 797 | |||||||
^ | Casino Guichard Perrachon SA | 19,708 | 740 | ||||||
Eutelsat Communications SA | 63,611 | 712 | |||||||
Natixis SA | 298,012 | 704 | |||||||
^,* | Genfit | 31,542 | 684 | ||||||
Alten SA | 9,441 | 680 | |||||||
Eurazeo SE | 14,152 | 678 | |||||||
Dassault Aviation SA | 795 | 647 | |||||||
Korian SA | 18,792 | 631 | |||||||
* | Soitec | 6,849 | 630 | ||||||
Spie SA | 41,571 | 627 | |||||||
Sopra Steria Group | 5,202 | 616 | |||||||
Lagardere SCA | 36,952 | 600 | |||||||
Electricite de France SA Loyalty Shares | 72,656 | 578 | |||||||
Electricite de France SA | 72,541 | 577 | |||||||
Gaztransport Et Technigaz SA | 7,854 | 569 | |||||||
* | CNP Assurances | 52,948 | 546 | ||||||
Sodexo SA ACT Loyalty Shares | 6,772 | 541 | |||||||
1 | Ald SA | 52,413 | 511 | ||||||
JCDecaux SA | 24,215 | 501 | |||||||
Societe BIC SA | 9,488 | 475 | |||||||
Nexity SA | 14,862 | 456 | |||||||
Sodexo Loyalty Shares 2020 | 5,636 | 451 | |||||||
TechnipFMC plc (XNYS) | 49,132 | 438 | |||||||
SEB SA (Loyalty Shares 1) | 3,616 | 434 | |||||||
Sodexo SA - French Loyalty Shares | 5,394 | 431 | |||||||
SEB SA (XPAR) | 3,457 | 415 | |||||||
* | ALBIOMA SA (Loyalty Shares 2021) | 11,548 | 382 | ||||||
Imerys SA | 11,492 | 361 | |||||||
Nexans SA | 9,800 | 349 | |||||||
Cie Plastic Omnium SA | 17,774 | 337 | |||||||
^,* | Air France-KLM | 63,986 | 326 | ||||||
* | Cgg SA | 251,140 | 317 | ||||||
Electricite de France SA Loyalty Shares 2021 | 37,510 | 299 | |||||||
Ipsos | 14,752 | 284 | |||||||
*,1 | Neoen SA | 7,243 | 274 | ||||||
* | SEB SA (Loyalty Shares 2021) | 2,207 | 265 | ||||||
* | Virbac SA | 1,332 | 263 | ||||||
1 | Elior Group SA | 38,533 | 254 | ||||||
Metropole Television SA | 22,757 | 253 | |||||||
Elis SA (XLON) | 17,164 | 207 | |||||||
* | Fnac Darty SA | 6,138 | 198 | ||||||
* | DBV Technologies SA | 15,207 | 195 | ||||||
Trigano SA | 2,626 | 193 | |||||||
Mercialys SA | 23,678 | 184 | |||||||
* | Television Francaise 1 | 36,880 | 181 | ||||||
Rothschild & Co. | 9,000 | 178 | |||||||
* | Robertet SA | 204 | 178 |
30
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Interparfums SA | 5,101 | 177 | |||||||
Pharmagest Inter@ctive | 2,518 | 174 | |||||||
Sodexo SA Loyalty Shares | 2,148 | 172 | |||||||
Quadient | 12,082 | 167 | |||||||
Coface SA | 26,926 | 158 | |||||||
Carmila SA | 11,845 | 152 | |||||||
1 | Maisons du Monde SA | 14,100 | 127 | ||||||
^,* | Vallourec SA | 105,433 | 126 | ||||||
* | Vicat SA | 4,456 | 125 | ||||||
Vilmorin & Cie SA | 2,836 | 113 | |||||||
Ffp | 1,670 | 113 | |||||||
Akka Technologies | 3,108 | 99 | |||||||
* | Albioma ACT Loyalty Shares | 2,987 | 99 | ||||||
Bonduelle SCA | 4,520 | 99 | |||||||
Derichebourg SA | 34,724 | 97 | |||||||
* | Lisi | 5,890 | 95 | ||||||
Mersen SA | 4,185 | 92 | |||||||
Tarkett SA | 9,079 | 90 | |||||||
Guerbet | 2,723 | 86 | |||||||
Eramet | 2,680 | 84 | |||||||
Boiron SA | 2,097 | 77 | |||||||
^,1 | Europcar Mobility Group | 40,122 | 75 | ||||||
Union Financiere de France BQE SA | 3,905 | 66 | |||||||
Beneteau SA | 10,385 | 66 | |||||||
SEB SA | 528 | 63 | |||||||
Manitou BF SA | 3,706 | 57 | |||||||
*,1 | X-Fab Silicon Foundries SE | 14,653 | 51 | ||||||
GL Events | 3,863 | 46 | |||||||
Jacquet Metal Service SA | 4,253 | 43 | |||||||
* | Esso SA Francaise | 2,026 | 38 | ||||||
*,1 | Smcp SA | 7,781 | 37 | ||||||
Akwel | 1,885 | 24 | |||||||
Electricite de France | 2,681 | 21 | |||||||
Etablissements Maurel et Prom SA | 6,895 | 13 | |||||||
* | CGG SA Warrants Exp. 02/21/2023 | 17,186 | 1 | ||||||
*,§ | Bourbon Corp. | 144 | 1 | ||||||
462,242 | |||||||||
Germany (2.3%) | |||||||||
SAP Se | 347,401 | 41,378 | |||||||
Allianz SE | 150,093 | 27,622 | |||||||
Siemens AG | 273,366 | 25,227 | |||||||
Bayer AG | 353,702 | 23,263 | |||||||
* | Deutsche Telekom AG | 1,162,711 | 16,998 | ||||||
Basf Se | 326,902 | 16,730 | |||||||
adidas AG | 68,941 | 15,783 | |||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 51,958 | 11,380 | |||||||
Deutsche Post AG | 346,400 | 10,291 | |||||||
Deutsche Boerse AG | 66,151 | 10,256 | |||||||
Daimler AG | 286,769 | 9,808 | |||||||
Volkswagen AG Preference Shares | 68,608 | 9,546 | |||||||
Vonovia SE | 193,014 | 9,544 | |||||||
Infineon Technologies AG | 449,222 | 8,351 | |||||||
E.On Se | 779,679 | 7,810 | |||||||
Bayerische Motoren Werke AG | 117,142 | 6,891 | |||||||
Fresenius SE & Co. KGaA | 147,913 | 6,407 | |||||||
Rwe AG | 208,768 | 6,006 | |||||||
Fresenius Medical Care AG & Co. KGaA | 76,008 | 5,957 | |||||||
* | Henkel AG & Co. KGaA Preference Shares | 65,560 | 5,821 | ||||||
Deutsche Bank AG | 733,367 | 5,431 | |||||||
* | Merck KGaA | 45,217 | 5,248 | ||||||
Deutsche Wohnen SE | 127,494 | 5,167 | |||||||
Symrise AG Class A | 45,759 | 4,636 | |||||||
*,1 | Delivery Hero SE | 50,763 | 4,305 |
31
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
^ | Wirecard AG | 41,280 | 4,085 | ||||||
* | Beiersdorf AG | 35,136 | 3,676 | ||||||
* | Sartorius AG Preference Shares | 12,617 | 3,545 | ||||||
Hannover Rueck SE | 21,292 | 3,393 | |||||||
* | Continental AG | 40,099 | 3,351 | ||||||
* | Qiagen NV | 79,041 | 3,288 | ||||||
LEG Immobilien AG | 24,620 | 2,826 | |||||||
Porsche Automobil Holding SE Preference Shares | 55,767 | 2,816 | |||||||
* | MTU Aero Engines AG | 19,611 | 2,671 | ||||||
* | Henkel AG & Co. KGaA | 34,095 | 2,658 | ||||||
*,1 | Zalando SE | 53,611 | 2,628 | ||||||
1 | Scout24 AG | 39,375 | 2,575 | ||||||
Brenntag AG | 55,755 | 2,524 | |||||||
HeidelbergCement AG | 52,281 | 2,479 | |||||||
Aroundtown SA | 428,303 | 2,304 | |||||||
1 | Siemens Healthineers AG | 46,722 | 2,057 | ||||||
*,1 | Covestro AG | 60,013 | 2,016 | ||||||
Uniper SE | 69,888 | 1,880 | |||||||
* | Puma SE | 29,550 | 1,856 | ||||||
* | HelloFresh SE | 49,794 | 1,775 | ||||||
Evonik Industries AG | 68,209 | 1,678 | |||||||
Knorr-Bremse AG | 17,660 | 1,642 | |||||||
Volkswagen AG | 11,053 | 1,634 | |||||||
* | TeamViewer AG | 36,188 | 1,568 | ||||||
Lanxess AG | 31,361 | 1,543 | |||||||
^,1 | Hapag-Lloyd AG | 10,185 | 1,459 | ||||||
Bechtle AG | 9,722 | 1,406 | |||||||
Commerzbank AG | 379,170 | 1,398 | |||||||
* | GEA Group AG | 59,539 | 1,366 | ||||||
United Internet AG | 39,525 | 1,360 | |||||||
* | Carl Zeiss Meditec AG | 13,064 | 1,288 | ||||||
KION Group AG | 25,872 | 1,283 | |||||||
* | OSRAM Licht AG | 29,733 | 1,239 | ||||||
Nemetschek SE | 19,497 | 1,227 | |||||||
^,* | thyssenkrupp AG | 174,083 | 1,158 | ||||||
* | MorphoSys AG | 10,823 | 1,135 | ||||||
^,* | Evotec SE | 45,794 | 1,130 | ||||||
Rheinmetall AG | 15,574 | 1,054 | |||||||
TAG Immobilien AG | 42,896 | 940 | |||||||
CTS Eventim AG & Co. KGaA | 21,943 | 912 | |||||||
Gerresheimer AG | 10,865 | 864 | |||||||
Freenet AG | 45,216 | 858 | |||||||
Bayerische Motoren Werke AG Preference Shares | 17,686 | 830 | |||||||
alstria office REIT-AG | 54,719 | 820 | |||||||
* | Dialog Semiconductor plc | 26,007 | 817 | ||||||
^ | Deutsche Lufthansa AG | 90,964 | 814 | ||||||
Grand City Properties SA | 38,024 | 795 | |||||||
Fuchs Petrolub SE Preference Shares | 18,654 | 723 | |||||||
Telefonica Deutschland Holding AG | 240,037 | 683 | |||||||
Fuchs Petrolub Se | 20,068 | 671 | |||||||
^ | ProSiebenSat.1 Media SE | 64,855 | 648 | ||||||
Siltronic AG | 7,462 | 639 | |||||||
CompuGroup Medical SE | 8,301 | 631 | |||||||
Cancom Se | 12,102 | 616 | |||||||
Software AG | 17,305 | 614 | |||||||
^ | Grenke AG | 8,656 | 604 | ||||||
Aurubis AG | 11,499 | 596 | |||||||
Hugo Boss AG | 21,065 | 585 | |||||||
Hella GmbH & Co. KGaA | 15,665 | 576 | |||||||
* | Hypoport SE | 1,605 | 566 | ||||||
Rational AG | 1,169 | 564 | |||||||
^ | Fraport AG Frankfurt Airport Services Worldwide | 12,437 | 545 | ||||||
Metro AG | 61,764 | 540 | |||||||
Fielmann AG | 8,138 | 535 |
32
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Stroeer SE & Co. KGaA | 8,314 | 526 | |||||||
Hochtief AG | 6,657 | 521 | |||||||
^,* | Encavis AG | 37,299 | 458 | ||||||
*,1 | Rocket Internet SE | 21,430 | 451 | ||||||
Talanx AG | 12,681 | 450 | |||||||
1 | ADO Properties SA | 15,970 | 447 | ||||||
^ | K&S AG | 65,805 | 443 | ||||||
RIB Software SE | 13,551 | 430 | |||||||
^ | S&T AG | 18,677 | 411 | ||||||
^,* | Varta AG | 4,914 | 407 | ||||||
RTL Group SA | 12,077 | 402 | |||||||
Duerr AG | 17,049 | 398 | |||||||
Suedzucker AG | 29,307 | 388 | |||||||
^ | 1&1 Drillisch AG | 16,080 | 374 | ||||||
Jenoptik AG | 18,037 | 371 | |||||||
1 | Befesa SA | 11,299 | 357 | ||||||
Stabilus SA | 8,206 | 351 | |||||||
1 | DWS Group GmbH & Co. KGaA | 10,750 | 339 | ||||||
Pfeiffer Vacuum Technology AG | 2,059 | 339 | |||||||
Patrizia AG | 14,852 | 332 | |||||||
* | Aixtron Se | 35,309 | 328 | ||||||
Aareal Bank AG | 19,832 | 323 | |||||||
Sixt SE Preference Shares | 6,669 | 310 | |||||||
1 | Deutsche Pfandbriefbank AG | 39,937 | 294 | ||||||
Jungheinrich AG Preference Shares | 16,227 | 293 | |||||||
Norma Group SE | 11,081 | 278 | |||||||
Wacker Chemie AG | 4,686 | 273 | |||||||
Isra Vision AG | 4,880 | 267 | |||||||
Krones AG | 4,377 | 264 | |||||||
Sixt SE | 3,725 | 254 | |||||||
Draegerwerk AG & Co. KGaA Preference Shares | 3,023 | 253 | |||||||
* | Traton SE | 16,708 | 252 | ||||||
Deutsche EuroShop AG | 16,854 | 243 | |||||||
KWS Saat SE & Co. KGaA | 4,100 | 236 | |||||||
New Work SE | 985 | 234 | |||||||
* | Zooplus AG | 1,876 | 232 | ||||||
Dermapharm Holding SE | 4,511 | 214 | |||||||
* | DIC Asset AG | 15,277 | 202 | ||||||
Indus Holding AG | 6,378 | 196 | |||||||
BayWa AG | 6,589 | 193 | |||||||
Deutsche Beteiligungs AG | 5,248 | 178 | |||||||
* | Nordex SE | 21,773 | 175 | ||||||
* | Schaeffler AG Preference Shares | 25,418 | 172 | ||||||
Bilfinger SE | 8,961 | 169 | |||||||
Wuestenrot & Wuerttembergische AG | 9,451 | 167 | |||||||
Deutz AG | 42,585 | 164 | |||||||
Salzgitter AG | 11,432 | 153 | |||||||
* | Ceconomy AG | 59,019 | 151 | ||||||
Rhoen-Klinikum AG | 7,525 | 150 | |||||||
Hornbach Holding AG & Co. KGaA | 2,609 | 149 | |||||||
* | Washtec AG | 3,585 | 141 | ||||||
Vossloh AG | 3,545 | 134 | |||||||
Hamburger Hafen und Logistik AG | 8,088 | 132 | |||||||
Koenig & Bauer AG | 5,007 | 103 | |||||||
* | SMA Solar Technology AG | 3,151 | 100 | ||||||
TUI AG (XETR) | 23,341 | 95 | |||||||
Wacker Neuson SE | 7,364 | 91 | |||||||
^,* | Leoni AG | 12,137 | 83 | ||||||
Takkt AG | 10,249 | 83 | |||||||
* | Heidelberger Druckmaschinen AG | 115,756 | 82 | ||||||
TLG Immobilien AG | 4,553 | 80 | |||||||
Kloeckner & Co. SE | 19,462 | 80 | |||||||
^,* | Corestate Capital Holding SA | 3,253 | 67 | ||||||
^,* | ElringKlinger AG | 11,374 | 62 |
33
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
CropEnergies AG | 6,524 | 51 | |||||||
Bertrandt AG | 1,140 | 44 | |||||||
* | SGL Carbon SE | 13,210 | 41 | ||||||
413,244 | |||||||||
Greece (0.0%) | |||||||||
Hellenic Telecommunications Organization SA ADR | 117,615 | 791 | |||||||
Opap SA | �� | 64,589 | 579 | ||||||
Jumbo SA | 35,920 | 562 | |||||||
* | Eurobank Ergasias Services and Holdings SA | 875,225 | 354 | ||||||
Hellenic Telecommunications Organization SA | 25,310 | 334 | |||||||
* | Alpha Bank AE | 450,992 | 329 | ||||||
* | GEK Terna Holding Real Estate Construction SA | 50,672 | 324 | ||||||
Mytilineos SA | 35,506 | 265 | |||||||
Motor Oil Hellas Corinth Refineries SA | 16,996 | 252 | |||||||
* | National Bank of Greece SA | 176,482 | 239 | ||||||
Hellenic Petroleum SA | 24,209 | 161 | |||||||
* | LAMDA Development SA | 22,404 | 147 | ||||||
* | Public Power Corp. SA | 45,298 | 132 | ||||||
* | Piraeus Bank SA | 93,220 | 124 | ||||||
Terna Energy SA | 13,243 | 124 | |||||||
* | Viohalco SA | 35,271 | 91 | ||||||
* | Ellaktor SA | 89,428 | 87 | ||||||
Sarantis SA | 9,960 | 85 | |||||||
Aegean Airlines SA | 12,797 | 83 | |||||||
*,§ | FF Group | 12,862 | 68 | ||||||
Hellenic Exchanges SA | 17,966 | 67 | |||||||
Fourlis Holdings SA | 16,670 | 65 | |||||||
Holding Co. ADMIE IPTO SA | 26,431 | 59 | |||||||
5,322 | |||||||||
Hong Kong (1.1%) | |||||||||
AIA Group Ltd. | 4,355,382 | 39,973 | |||||||
Hong Kong Exchanges & Clearing Ltd. | 443,524 | 14,220 | |||||||
CK Hutchison Holdings Ltd. | 947,927 | 7,026 | |||||||
Sun Hung Kai Properties Ltd. | 500,503 | 6,844 | |||||||
Link REIT | 722,590 | 6,441 | |||||||
Hong Kong & China Gas Co. Ltd. | 3,530,064 | 6,327 | |||||||
CLP Holdings Ltd. | 576,580 | 6,172 | |||||||
CK Asset Holdings Ltd. | 945,427 | 5,974 | |||||||
Galaxy Entertainment Group Ltd. | 768,000 | 4,939 | |||||||
Hang Seng Bank Ltd. | 263,451 | 4,608 | |||||||
BOC Hong Kong Holdings Ltd. | 1,292,700 | 3,967 | |||||||
Sands China Ltd. | 884,000 | 3,579 | |||||||
China Mengniu Dairy Co. Ltd. | 991,000 | 3,509 | |||||||
Techtronic Industries Co. Ltd. | 452,000 | 3,427 | |||||||
Jardine Matheson Holdings Ltd. | 76,262 | 3,340 | |||||||
Power Assets Holdings Ltd. | 492,000 | 3,297 | |||||||
1 | WH Group Ltd. | 3,021,184 | 2,881 | ||||||
MTR Corp. Ltd. | 510,326 | 2,827 | |||||||
New World Development Co. Ltd. | 2,025,224 | 2,393 | |||||||
^,* | Semiconductor Manufacturing International Corp. | 1,097,600 | 2,060 | ||||||
Henderson Land Development Co. Ltd. | 452,896 | 1,846 | |||||||
Hongkong Land Holdings Ltd. | 416,200 | 1,741 | |||||||
Wharf Real Estate Investment Co. Ltd. | 398,600 | 1,687 | |||||||
Sino Land Co. Ltd. | 1,152,279 | 1,610 | |||||||
Wheelock & Co. Ltd. | 219,000 | 1,605 | |||||||
Hang Lung Properties Ltd. | 721,000 | 1,542 | |||||||
Lenovo Group Ltd. | 2,802,000 | 1,514 | |||||||
Want Want China Holdings Ltd. | 1,995,467 | 1,422 | |||||||
Jardine Strategic Holdings Ltd. | 65,995 | 1,419 | |||||||
CK Infrastructure Holdings Ltd. | 230,000 | 1,366 | |||||||
Sun Art Retail Group Ltd. | 810,579 | 1,350 | |||||||
AAC Technologies Holdings Inc. | 259,500 | 1,227 | |||||||
Tingyi Cayman Islands Holding Corp. | 684,000 | 1,214 | |||||||
ASM Pacific Technology Ltd. | 116,122 | 1,173 |
34
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
*,1 | Budweiser Brewing Co. APAC Ltd. | 423,600 | 1,151 | ||||||
Swire Pacific Ltd. Class A | 163,642 | 1,064 | |||||||
Bank of East Asia Ltd. | 501,272 | 1,062 | |||||||
Swire Properties Ltd. | 363,846 | 1,021 | |||||||
^ | Vitasoy International Holdings Ltd. | 276,332 | 986 | ||||||
Xinyi Solar Holdings Ltd. | 1,430,200 | 908 | |||||||
PCCW Ltd. | 1,443,000 | 884 | |||||||
Wynn Macau Ltd. | 500,400 | 864 | |||||||
Xinyi Glass Holdings Ltd. | 736,000 | 852 | |||||||
Kerry Properties Ltd. | 268,000 | 740 | |||||||
^ | Wharf Holdings Ltd. | 390,600 | 740 | ||||||
Hang Lung Group Ltd. | 291,000 | 665 | |||||||
Hysan Development Co. Ltd. | 197,000 | 657 | |||||||
SJM Holdings Ltd. | 656,000 | 648 | |||||||
Minth Group Ltd. | 268,000 | 644 | |||||||
Prada SpA | 190,400 | 618 | |||||||
NagaCorp Ltd. | 518,000 | 611 | |||||||
1 | BOC Aviation Ltd. | 79,100 | 541 | ||||||
Cafe de Coral Holdings Ltd. | 256,000 | 528 | |||||||
Dairy Farm International Holdings Ltd. | 107,700 | 516 | |||||||
NWS Holdings Ltd. | 462,500 | 482 | |||||||
Uni-President China Holdings Ltd. | 468,800 | 471 | |||||||
Melco International Development Ltd. | 245,000 | 458 | |||||||
United Energy Group Ltd. | 2,486,000 | 453 | |||||||
Yue Yuen Industrial Holdings Ltd. | 271,000 | 432 | |||||||
HKBN Ltd. | 247,189 | 426 | |||||||
SITC International Holdings Co. Ltd. | 416,000 | 411 | |||||||
Fortune REIT | 433,923 | 409 | |||||||
Swire Pacific Ltd. Class B | 370,000 | 404 | |||||||
VTech Holdings Ltd. | 51,800 | 391 | |||||||
Champion REIT | 608,000 | 360 | |||||||
1 | Samsonite International SA | 421,196 | 358 | ||||||
Li & Fung Ltd. | 2,330,000 | 350 | |||||||
Gemdale Properties & Investment Corp. Ltd. | 2,166,000 | 345 | |||||||
Microport Scientific Corp. | 154,852 | 333 | |||||||
^ | MGM China Holdings Ltd. | 239,600 | 296 | ||||||
Chow Tai Fook Jewellery Group Ltd. | 325,200 | 275 | |||||||
Shangri-La Asia Ltd. | 331,519 | 274 | |||||||
^ | Cathay Pacific Airways Ltd. | 228,000 | 271 | ||||||
Luk Fook Holdings International Ltd. | 126,000 | 270 | |||||||
Man Wah Holdings Ltd. | 469,200 | 269 | |||||||
Kerry Logistics Network Ltd. | 185,500 | 254 | |||||||
Shougang Fushan Resources Group Ltd. | 1,236,000 | 247 | |||||||
CITIC Telecom International Holdings Ltd. | 649,500 | 240 | |||||||
^ | Haitong International Securities Group Ltd. | 988,038 | 231 | ||||||
K Wah International Holdings Ltd. | 490,000 | 225 | |||||||
L’Occitane International SA | 138,250 | 213 | |||||||
Shun Tak Holdings Ltd. | 604,000 | 211 | |||||||
Sunlight REIT | 410,000 | 211 | |||||||
Guotai Junan International Holdings Ltd. | 1,497,000 | 196 | |||||||
Shui On Land Ltd. | 1,104,500 | 196 | |||||||
* | COFCO Meat Holdings Ltd. | 533,000 | 190 | ||||||
First Pacific Co. Ltd. | 901,200 | 186 | |||||||
Road King Infrastructure Ltd. | 120,000 | 185 | |||||||
Johnson Electric Holdings Ltd. | 110,250 | 185 | |||||||
Dah Sing Financial Holdings Ltd. | 55,744 | 184 | |||||||
^ | IGG Inc. | 288,000 | 183 | ||||||
* | Pacific Basin Shipping Ltd. | 1,483,000 | 182 | ||||||
Lifestyle International Holdings Ltd. | 179,000 | 170 | |||||||
Towngas China Co. Ltd. | 332,000 | 167 | |||||||
Asia Cement China Holdings Corp. | 142,500 | 165 | |||||||
^,*,1 | Razer Inc. | 1,149,000 | 154 | ||||||
United Laboratories International Holdings Ltd. | 178,000 | 154 | |||||||
Prosperity REIT | 471,000 | 151 |
35
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Far East Consortium International Ltd. | 401,000 | 142 | |||||||
Nexteer Automotive Group Ltd. | 269,000 | 138 | |||||||
^,* | Xinyi Energy Holdings Ltd. | 484,000 | 138 | ||||||
Stella International Holdings Ltd. | 136,500 | 137 | |||||||
Pou Sheng International Holdings Ltd. | 672,000 | 137 | |||||||
Television Broadcasts Ltd. | 98,900 | 137 | |||||||
*,1 | Impro Precision Industries Ltd. | 411,000 | 134 | ||||||
Pacific Textiles Holdings Ltd. | 254,000 | 129 | |||||||
^ | Canvest Environmental Protection Group Co. Ltd. | 291,000 | 128 | ||||||
* | Value Partners Group Ltd. | 313,000 | 124 | ||||||
China Travel International Investment Hong Kong Ltd. | 864,000 | 121 | |||||||
^ | Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 86,000 | 120 | ||||||
* | MMG Ltd. | 690,117 | 119 | ||||||
China Harmony New Energy Auto Holding Ltd. | 231,000 | 119 | |||||||
^,*,§ | Superb Summit International Group Ltd. | 620,000 | 117 | ||||||
^,* | FIH Mobile Ltd. | 1,002,000 | 112 | ||||||
Dah Sing Banking Group Ltd. | 113,537 | 111 | |||||||
SmarTone Telecommunications Holdings Ltd. | 172,000 | 109 | |||||||
SUNeVision Holdings Ltd. | 147,000 | 105 | |||||||
^,* | Suncity Group Holdings Ltd. | 670,000 | 103 | ||||||
^,* | Hong Kong Television Network Ltd. | 165,000 | 102 | ||||||
Huabao International Holdings Ltd. | 256,000 | 102 | |||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 570,000 | 99 | |||||||
* | We Solutions Ltd. | 1,824,000 | 94 | ||||||
^ | SA Sa International Holdings Ltd. | 455,995 | 86 | ||||||
^,*,1 | Frontage Holdings Corp. | 186,000 | 84 | ||||||
* | New World Department Store China Ltd. | 435,000 | 83 | ||||||
1 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 85,000 | 78 | ||||||
§ | Town Health International Medical Group Ltd. | 870,000 | 77 | ||||||
1 | Crystal International Group Ltd. | 275,500 | 76 | ||||||
VSTECS Holdings Ltd. | 158,000 | 73 | |||||||
Dynam Japan Holdings Co. Ltd. | 72,400 | 72 | |||||||
Giordano International Ltd. | 354,000 | 71 | |||||||
^ | Chinese Estates Holdings Ltd. | 147,000 | 70 | ||||||
Sun Hung Kai & Co. Ltd. | 165,000 | 68 | |||||||
* | China Silver Group Ltd. | 888,000 | 67 | ||||||
*,§ | Convoy Global Holdings Ltd. | 3,102,000 | 67 | ||||||
Ju Teng International Holdings Ltd. | 260,000 | 66 | |||||||
NOVA Group Holdings Ltd. | 340,000 | 64 | |||||||
* | G-Resources Group Ltd. | 10,998,600 | 63 | ||||||
1 | FIT Hon Teng Ltd. | 279,000 | 60 | ||||||
1 | CGN New Energy Holdings Co. Ltd. | 250,000 | 52 | ||||||
Texwinca Holdings Ltd. | 292,000 | 49 | |||||||
* | Esprit Holdings Ltd. | 510,346 | 49 | ||||||
Chow Sang Sang Holdings International Ltd. | 46,000 | 46 | |||||||
Emperor Watch & Jewellery Ltd. | 2,560,000 | 46 | |||||||
1 | Regina Miracle International Holdings Ltd. | 94,000 | 45 | ||||||
1 | IMAX China Holding Inc. | 27,100 | 41 | ||||||
^ | Anton Oilfield Services Group | 648,000 | 40 | ||||||
* | Truly International Holdings Ltd. | 360,000 | 40 | ||||||
*,§ | National Agricultural Holdings Ltd. | 246,000 | 38 | ||||||
^,* | Digital Domain Holdings Ltd. | 6,410,000 | 38 | ||||||
Shenwan Hongyuan HK Ltd. | 325,000 | 38 | |||||||
Inspur International Ltd. | 120,000 | 37 | |||||||
* | Parkson Retail Group Ltd. | 706,000 | 35 | ||||||
Singamas Container Holdings Ltd. | 548,000 | 30 | |||||||
^,* | HC Group Inc. | 170,000 | 29 | ||||||
* | China LNG Group Ltd. | 870,000 | 28 | ||||||
BOE Varitronix Ltd. | 88,000 | 24 | |||||||
* | GCL New Energy Holdings Ltd. | 1,670,000 | 24 | ||||||
* | Macau Legend Development Ltd. | 186,000 | 23 | ||||||
* | NewOcean Energy Holdings Ltd. | 162,000 | 23 | ||||||
* | Goodbaby International Holdings Ltd. | 219,464 | 22 | ||||||
*,§ | Long Well International Holdings Ltd. | 1,348,000 | 21 |
36
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
*,§ | Camsing International Holding Ltd. | 130,000 | 19 | ||||||
* | Lifestyle China Group Ltd. | 81,500 | 19 | ||||||
* | Beijing Enterprises Medical | 960,000 | 18 | ||||||
* | Honghua Group Ltd. | 587,000 | 18 | ||||||
^ | Agritrade Resources Ltd. | 735,000 | 16 | ||||||
Henderson Investment Ltd. | 276,000 | 16 | |||||||
Lee’s Pharmaceutical Holdings Ltd. | 31,500 | 15 | |||||||
* | Emperor Capital Group Ltd. | 654,000 | 13 | ||||||
^,* | KuangChi Science Ltd. | 427,000 | 13 | ||||||
*,§ | Brightoil Petroleum Holdings Ltd. | 426,340 | 11 | ||||||
EVA Precision Industrial Holdings Ltd. | 152,000 | 10 | |||||||
*,§ | Tech Pro Technology Development Ltd. | 833,600 | 7 | ||||||
* | China Animal Health Ltd. | 84,000 | 5 | ||||||
* | Beijing Sports and Entertainment Industry Group Ltd. | 170,000 | 5 | ||||||
*,§ | Legend Holdings Corp. Rights | 8,684 | — | ||||||
187,543 | |||||||||
Hungary (0.0%) | |||||||||
OTP Bank Nyrt | 80,248 | 2,377 | |||||||
Richter Gedeon Nyrt | 52,462 | 1,121 | |||||||
MOL Hungarian Oil & Gas plc | 150,192 | 951 | |||||||
Magyar Telekom Telecommunications plc | 106,612 | 132 | |||||||
* | Opus Global Nyrt | 103,028 | 85 | ||||||
4,666 | |||||||||
India (1.0%) | |||||||||
Housing Development Finance Corp. Ltd. | 622,483 | 15,746 | |||||||
1 | Reliance Industries Ltd. GDR | 326,091 | 12,374 | ||||||
Reliance Industries Ltd. | 459,791 | 8,940 | |||||||
Tata Consultancy Services Ltd. | 321,539 | 8,512 | |||||||
Hindustan Unilever Ltd. | 272,048 | 7,877 | |||||||
Infosys Ltd. ADR | 739,378 | 6,824 | |||||||
Infosys Ltd. | 600,623 | 5,614 | |||||||
* | Bharti Airtel Ltd. | 627,571 | 4,274 | ||||||
Axis Bank Ltd. | 708,195 | 4,138 | |||||||
Maruti Suzuki India Ltd. | 42,523 | 3,019 | |||||||
HCL Technologies Ltd. | 393,463 | 2,822 | |||||||
ITC Ltd. | 1,059,590 | 2,553 | |||||||
Sun Pharmaceutical Industries Ltd. | 418,511 | 2,552 | |||||||
Asian Paints Ltd. | 104,073 | 2,428 | |||||||
Bajaj Finance Ltd. | 64,849 | 1,983 | |||||||
Nestle India Ltd. | 8,223 | 1,950 | |||||||
UltraTech Cement Ltd. | 39,209 | 1,825 | |||||||
Bharat Petroleum Corp. Ltd. | 365,427 | 1,788 | |||||||
Dr Reddy’s Laboratories Ltd. | 33,133 | 1,716 | |||||||
Titan Co. Ltd. | 116,295 | 1,487 | |||||||
Larsen & Toubro Ltd. | 124,580 | 1,477 | |||||||
Power Grid Corp. of India Ltd. | 676,635 | 1,450 | |||||||
*,1 | HDFC Life Insurance Co. Ltd. | 215,985 | 1,430 | ||||||
*,1 | Avenue Supermarts Ltd. | 45,519 | 1,427 | ||||||
* | State Bank of India GDR | 55,035 | 1,379 | ||||||
*,1 | SBI Life Insurance Co. Ltd. | 131,318 | 1,262 | ||||||
Oil & Natural Gas Corp. Ltd. | 1,169,066 | 1,237 | |||||||
Tech Mahindra Ltd. | 166,729 | 1,199 | |||||||
Dabur India Ltd. | 181,560 | 1,175 | |||||||
1 | ICICI Lombard General Insurance Co. Ltd. | 66,513 | 1,137 | ||||||
ICICI Bank Ltd. | 215,547 | 1,081 | |||||||
Mahindra & Mahindra Ltd. | 216,048 | 1,042 | |||||||
Hero MotoCorp Ltd. | 35,802 | 1,021 | |||||||
Bajaj Auto Ltd. | 29,183 | 1,015 | |||||||
UPL Ltd. | 181,207 | 1,003 | |||||||
NTPC Ltd. | 792,585 | 993 | |||||||
Divi’s Laboratories Ltd. | 32,027 | 988 | |||||||
Godrej Consumer Products Ltd. | 136,881 | 982 | |||||||
Coal India Ltd. | 488,859 | 956 | |||||||
Bajaj Finserv Ltd. | 14,093 | 949 |
37
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
JSW Steel Ltd. | 398,827 | 942 | |||||||
Ambuja Cements Ltd. | 395,315 | 895 | |||||||
Adani Ports & Special Economic Zone Ltd. | 230,047 | 883 | |||||||
Eicher Motors Ltd. | 4,539 | 881 | |||||||
Cipla Ltd. | 113,181 | 881 | |||||||
Britannia Industries Ltd. | 20,732 | 868 | |||||||
Pidilite Industries Ltd. | 41,877 | 844 | |||||||
Lupin Ltd. | 75,232 | 830 | |||||||
Indian Oil Corp. Ltd. | 729,208 | 813 | |||||||
1 | Bandhan Bank Ltd. | 235,229 | 807 | ||||||
Shree Cement Ltd. | 2,968 | 775 | |||||||
Havells India Ltd. | 102,061 | 761 | |||||||
Aurobindo Pharma Ltd. | 92,172 | 754 | |||||||
Bharti Infratel Ltd. | 322,528 | 746 | |||||||
* | United Spirits Ltd. | 101,437 | 722 | ||||||
Grasim Industries Ltd. | 107,158 | 711 | |||||||
Info Edge India Ltd. | 21,056 | 707 | |||||||
Marico Ltd. | 177,479 | 674 | |||||||
Torrent Pharmaceuticals Ltd. | 21,398 | 665 | |||||||
Vedanta Ltd. | 558,328 | 651 | |||||||
Zee Entertainment Enterprises Ltd. | 299,569 | 628 | |||||||
Biocon Ltd. | 126,278 | 589 | |||||||
Hindustan Petroleum Corp. Ltd. | 198,203 | 578 | |||||||
Shriram Transport Finance Co. Ltd. | 56,109 | 576 | |||||||
1 | HDFC Asset Management Co. Ltd. | 16,716 | 560 | ||||||
Petronet LNG Ltd. | 173,166 | 558 | |||||||
Apollo Hospitals Enterprise Ltd. | 29,789 | 548 | |||||||
1 | ICICI Prudential Life Insurance Co. Ltd. | 99,704 | 544 | ||||||
Alkem Laboratories Ltd. | 15,643 | 538 | |||||||
Berger Paints India Ltd. | 80,001 | 538 | |||||||
Mindtree Ltd. | 44,022 | 533 | |||||||
GAIL India Ltd. | 416,740 | 527 | |||||||
Piramal Enterprises Ltd. | 40,453 | 520 | |||||||
Wipro Ltd. | 203,506 | 517 | |||||||
Jubilant Foodworks Ltd. | 23,679 | 508 | |||||||
Hindalco Industries Ltd. | 299,373 | 508 | |||||||
Colgate-Palmolive India Ltd. | 23,624 | 456 | |||||||
Federal Bank Ltd. | 693,982 | 447 | |||||||
Crompton Greaves Consumer Electricals Ltd. | 147,976 | 435 | |||||||
1 | InterGlobe Aviation Ltd. | 32,904 | 432 | ||||||
Siemens Ltd. | 27,006 | 407 | |||||||
Container Corp. Of India Ltd. | 81,484 | 403 | |||||||
Cadila Healthcare Ltd. | 90,510 | 388 | |||||||
Tata Consumer Products Ltd. | 83,138 | 387 | |||||||
PI Industries Ltd. | 18,392 | 386 | |||||||
Motherson Sumi Systems Ltd. | 333,973 | 385 | |||||||
Rajesh Exports Ltd. | 46,732 | 384 | |||||||
Page Industries Ltd. | 1,580 | 381 | |||||||
DLF Ltd. | 197,457 | 379 | |||||||
Muthoot Finance Ltd. | 32,648 | 374 | |||||||
1 | AU Small Finance Bank Ltd. | 50,910 | 365 | ||||||
Ipca Laboratories Ltd. | 17,105 | 365 | |||||||
Bosch Ltd. | 2,548 | 356 | |||||||
Tata Steel Ltd. | 91,159 | 354 | |||||||
* | Tata Motors Ltd. | 284,156 | 344 | ||||||
* | Tata Motors Ltd. Class A | 647,595 | 337 | ||||||
* | Punjab National Bank | 771,811 | 329 | ||||||
* | Fortis Healthcare Ltd. | 192,818 | 322 | ||||||
REC Ltd. | 241,719 | 305 | |||||||
LIC Housing Finance Ltd. | 80,966 | 303 | |||||||
Whirlpool of India Ltd. | 10,912 | 297 | |||||||
United Breweries Ltd. | 23,649 | 295 | |||||||
* | Just Dial Ltd. | 54,277 | 291 | ||||||
Indraprastha Gas Ltd. | 44,491 | 282 |
38
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
1 | Dr Lal PathLabs Ltd. | 13,127 | 273 | ||||||
Castrol India Ltd. | 158,847 | 273 | |||||||
Pfizer Ltd. | 4,184 | 272 | |||||||
NMDC Ltd. | 253,899 | 269 | |||||||
AIA Engineering Ltd. | 12,648 | 269 | |||||||
Natco Pharma Ltd. | 33,078 | 267 | |||||||
MRF Ltd. | 331 | 266 | |||||||
Mphasis Ltd. | 26,879 | 261 | |||||||
Embassy Office Parks REIT | 52,800 | 259 | |||||||
1 | RBL Bank Ltd. | 149,852 | 259 | ||||||
* | Max Financial Services Ltd. | 41,572 | 258 | ||||||
Bajaj Holdings & Investment Ltd. | 9,560 | 258 | |||||||
Bharat Forge Ltd. | 62,280 | 254 | |||||||
Ashok Leyland Ltd. | 364,793 | 251 | |||||||
Kansai Nerolac Paints Ltd. | 45,268 | 248 | |||||||
Aarti Industries Ltd. | 17,071 | 248 | |||||||
* | Bank of Baroda | 377,709 | 245 | ||||||
* | ABB India Ltd. | 19,787 | 237 | ||||||
NHPC Ltd. | 856,556 | 236 | |||||||
ACC Ltd. | 15,091 | 235 | |||||||
Power Finance Corp. Ltd. | 183,340 | 231 | |||||||
Voltas Ltd. | 34,114 | 229 | |||||||
City Union Bank Ltd. | 115,152 | 220 | |||||||
Sundaram Finance Ltd. | 13,008 | 218 | |||||||
1 | Larsen & Toubro Infotech Ltd. | 10,351 | 217 | ||||||
Supreme Industries Ltd. | 14,767 | 213 | |||||||
Torrent Power Ltd. | 47,725 | 209 | |||||||
* | Oracle Financial Services Software Ltd. | 6,643 | 207 | ||||||
Gujarat Gas Ltd. | 60,218 | 206 | |||||||
* | IDFC Bank | 714,179 | 206 | ||||||
* | State Bank of India | 81,983 | 205 | ||||||
Mahindra & Mahindra Financial Services Ltd. | 92,477 | 201 | |||||||
SRF Ltd. | 4,045 | 199 | |||||||
Manappuram Finance Ltd. | 112,093 | 198 | |||||||
Bayer CropScience Ltd. | 3,467 | 198 | |||||||
Ajanta Pharma Ltd. | 9,969 | 196 | |||||||
Cholamandalam Investment and Finance Co. Ltd. | 93,110 | 195 | |||||||
Varun Beverages Ltd. | 21,983 | 195 | |||||||
Balkrishna Industries Ltd. | 15,622 | 191 | |||||||
Yes Bank Ltd. | 509,982 | 189 | |||||||
WABCO India Ltd. | 2,291 | 189 | |||||||
Bata India Ltd. | 10,459 | 189 | |||||||
Indiabulls Housing Finance Ltd. | 108,312 | 189 | |||||||
* | 3M India Ltd. | 732 | 187 | ||||||
Bharat Electronics Ltd. | 195,053 | 187 | |||||||
NIIT Technologies Ltd. | 11,412 | 181 | |||||||
Indian Hotels Co. Ltd. | 170,717 | 181 | |||||||
* | Sanofi India Ltd. | 1,742 | 179 | ||||||
Alembic Pharmaceuticals Ltd. | 18,294 | 179 | |||||||
CESC Ltd. | 20,476 | 178 | |||||||
Phoenix Mills Ltd. | 24,155 | 174 | |||||||
Coromandel International Ltd. | 21,928 | 172 | |||||||
Mahanagar Gas Ltd. | 13,229 | 170 | |||||||
Gillette India Ltd. | 2,396 | 169 | |||||||
Karnataka Bank Ltd. | 289,461 | 169 | |||||||
Adani Enterprises Ltd. | 91,233 | 168 | |||||||
Glenmark Pharmaceuticals Ltd. | 38,015 | 168 | |||||||
Sun TV Network Ltd. | 31,281 | 159 | |||||||
* | Godrej Properties Ltd. | 17,355 | 155 | ||||||
Oberoi Realty Ltd. | 34,138 | 154 | |||||||
L&T Finance Holdings Ltd. | 177,041 | 153 | |||||||
* | Vodafone Idea Ltd. | 2,755,378 | 153 | ||||||
TVS Motor Co. Ltd. | 35,146 | 151 | |||||||
1 | Nippon Life India Asset Management Ltd. | 46,479 | 150 |
39
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Tube Investments of India Ltd. | 30,343 | 149 | |||||||
* | Jindal Steel & Power Ltd. | 120,970 | 149 | ||||||
* | Hindustan Zinc Ltd. | 64,711 | 148 | ||||||
Escorts Ltd. | 15,740 | 148 | |||||||
Astral Poly Technik Ltd. | 11,783 | 147 | |||||||
Relaxo Footwears Ltd. | 16,502 | 139 | |||||||
Kajaria Ceramics Ltd. | 27,979 | 139 | |||||||
Tata Power Co. Ltd. | 326,317 | 136 | |||||||
1 | Godrej Agrovet Ltd. | 24,636 | 132 | ||||||
Exide Industries Ltd. | 63,522 | 132 | |||||||
TTK Prestige Ltd. | 2,023 | 129 | |||||||
* | GMR Infrastructure Ltd. | 570,405 | 129 | ||||||
PVR Ltd. | 9,615 | 129 | |||||||
Ramco Cements Ltd. | 17,456 | 127 | |||||||
1 | L&T Technology Services Ltd. | 7,735 | 126 | ||||||
1 | Syngene International Ltd. | 29,770 | 126 | ||||||
* | Adani Power Ltd. | 300,870 | 126 | ||||||
Hexaware Technologies Ltd. | 33,864 | 125 | |||||||
V-Mart Retail Ltd. | 5,403 | 123 | |||||||
Jubilant Life Sciences Ltd. | 23,147 | 123 | |||||||
Oil India Ltd. | 93,482 | 122 | |||||||
Godrej Industries Ltd. | 34,381 | 121 | |||||||
Cummins India Ltd. | 23,634 | 118 | |||||||
Gujarat State Petronet Ltd. | 41,538 | 114 | |||||||
Steel Authority of India Ltd. | 268,026 | 112 | |||||||
*,1 | ICICI Securities Ltd. | 23,274 | 111 | ||||||
* | Aditya Birla Capital Ltd. | 166,880 | 110 | ||||||
Sundram Fasteners Ltd. | 24,845 | 109 | |||||||
Dalmia Bharat Ltd. | 15,102 | 104 | |||||||
* | Aditya Birla Fashion and Retail Ltd. | 67,561 | 103 | ||||||
Tata Communications Ltd. | 17,873 | 102 | |||||||
Vinati Organics Ltd. | 7,740 | 101 | |||||||
Redington India Ltd. | 101,779 | 99 | |||||||
* | Aavas Financiers Ltd. | 6,260 | 98 | ||||||
* | Union Bank of India | 270,719 | 97 | ||||||
* | Canara Bank | 83,795 | 97 | ||||||
JK Cement Ltd. | 6,450 | 96 | |||||||
Thermax Ltd. | 9,916 | 95 | |||||||
Motilal Oswal Financial Services Ltd. | 14,216 | 95 | |||||||
Minda Industries Ltd. | 23,295 | 91 | |||||||
Apollo Tyres Ltd. | 71,220 | 91 | |||||||
Emami Ltd. | 33,903 | 88 | |||||||
* | TeamLease Services Ltd. | 4,127 | 87 | ||||||
Symphony Ltd. | 7,065 | 87 | |||||||
JSW Energy Ltd. | 144,094 | 85 | |||||||
* | Indian Overseas Bank | 821,556 | 84 | ||||||
1 | Laurus Labs Ltd. | 12,108 | 82 | ||||||
Polycab India Ltd. | 8,364 | 80 | |||||||
Birlasoft Ltd. | 83,079 | 79 | |||||||
GE Power India Ltd. | 13,265 | 79 | |||||||
Persistent Systems Ltd. | 12,422 | 78 | |||||||
Prestige Estates Projects Ltd. | 32,922 | 75 | |||||||
V-Guard Industries Ltd. | 32,255 | 75 | |||||||
* | Future Retail Ltd. | 65,433 | 74 | ||||||
1 | Endurance Technologies Ltd. | 8,208 | 73 | ||||||
Bombay Burmah Trading Co. | 6,145 | 73 | |||||||
Gujarat Pipavav Port Ltd. | 94,111 | 72 | |||||||
KRBL Ltd. | 28,058 | 71 | |||||||
Avanti Feeds Ltd. | 12,114 | 69 | |||||||
Bharat Heavy Electricals Ltd. | 226,638 | 67 | |||||||
Ceat Ltd. | 6,232 | 66 | |||||||
Great Eastern Shipping Co. Ltd. | 21,206 | 66 | |||||||
Balrampur Chini Mills Ltd. | 49,392 | 65 | |||||||
Cholamandalam Financial Holdings Ltd. | 16,493 | 65 |
40
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Indiabulls Ventures Ltd. | 45,246 | 64 | |||||||
DCB Bank Ltd. | 60,028 | 63 | |||||||
Amara Raja Batteries Ltd. | 8,322 | 63 | |||||||
* | Jammu & Kashmir Bank Ltd. | 316,858 | 62 | ||||||
Karur Vysya Bank Ltd. | 157,944 | 61 | |||||||
Radico Khaitan Ltd. | 15,140 | 59 | |||||||
Edelweiss Financial Services Ltd. | 113,186 | 59 | |||||||
Engineers India Ltd. | 65,466 | 58 | |||||||
Chambal Fertilizers and Chemicals Ltd. | 32,741 | 56 | |||||||
* | Sun Pharma Advanced Research Co. Ltd. | 32,065 | 55 | ||||||
Strides Pharma Science Ltd. | 9,442 | 55 | |||||||
Kaveri Seed Co. Ltd. | 11,057 | 54 | |||||||
DCM Shriram Ltd. | 14,632 | 53 | |||||||
National Aluminium Co. Ltd. | 123,013 | 52 | |||||||
Vakrangee Ltd. | 149,459 | 51 | |||||||
HEG Ltd. | 4,603 | 49 | |||||||
Graphite India Ltd. | 17,663 | 49 | |||||||
South Indian Bank Ltd. | 614,401 | 48 | |||||||
Gujarat Mineral Development Corp. Ltd. | 90,615 | 47 | |||||||
*,1 | Quess Corp. Ltd. | 16,581 | 45 | ||||||
Jindal Saw Ltd. | 61,019 | 45 | |||||||
* | IRB Infrastructure Developers Ltd. | 48,800 | 45 | ||||||
JM Financial Ltd. | 51,633 | 44 | |||||||
EIH Ltd. | 43,335 | 43 | |||||||
NCC Ltd. | 124,641 | 43 | |||||||
* | ABB Power Products & Systems India Ltd. | 3,957 | 42 | ||||||
Care Ratings Ltd. | 8,295 | 41 | |||||||
PTC India Ltd. | 76,646 | 40 | |||||||
Finolex Cables Ltd. | 11,390 | 39 | |||||||
*,§ | Hemisphere Properties India Ltd. | 17,873 | 39 | ||||||
NBCC India Ltd. | 145,348 | 38 | |||||||
Multi Commodity Exchange of India Ltd. | 2,593 | 37 | |||||||
* | TV18 Broadcast Ltd. | 137,341 | 35 | ||||||
Sterlite Technologies Ltd. | 29,075 | 35 | |||||||
India Cements Ltd. | 24,791 | 34 | |||||||
* | Suzlon Energy Ltd. | 946,139 | 33 | ||||||
* | Bajaj Consumer Care Ltd. | 16,912 | 32 | ||||||
1 | Dilip Buildcon Ltd. | 9,318 | 32 | ||||||
* | Bank of India | 68,499 | 32 | ||||||
1 | PNB Housing Finance Ltd. | 12,182 | 32 | ||||||
Sobha Ltd. | 11,615 | 31 | |||||||
Welspun India Ltd. | 88,190 | 31 | |||||||
Welspun Corp. Ltd. | 36,272 | 31 | |||||||
* | Equitas Holdings Ltd. | 44,263 | 30 | ||||||
eClerx Services Ltd. | 4,918 | 30 | |||||||
Century Textiles & Industries Ltd. | 7,450 | 29 | |||||||
Rain Industries Ltd. | 30,380 | 28 | |||||||
* | Gujarat Fluorochemicals Ltd. | 6,766 | 28 | ||||||
* | Indian Bank | 39,300 | 27 | ||||||
Raymond Ltd. | 8,316 | 27 | |||||||
Repco Home Finance Ltd. | 15,230 | 25 | |||||||
* | Mahindra CIE Automotive Ltd. | 17,526 | 22 | ||||||
IDFC Ltd. | 103,749 | 20 | |||||||
Mangalore Refinery & Petrochemicals Ltd. | 45,416 | 19 | |||||||
* | Indiabulls Real Estate Ltd. | 23,430 | 18 | ||||||
* | Future Consumer Ltd. | 143,258 | 18 | ||||||
* | Wockhardt Ltd. | 5,121 | 17 | ||||||
Tata Chemicals Ltd. | 4,436 | 17 | |||||||
* | Central Bank of India | 79,029 | 16 | ||||||
* | CG Power and Industrial Solutions Ltd. | 141,656 | 15 | ||||||
Gateway Distriparks Ltd. | 10,210 | 12 | |||||||
* | Dish TV India Ltd. | 187,498 | 12 | ||||||
Arvind Ltd. | 35,132 | 11 | |||||||
Sadbhav Engineering Ltd. | 14,027 | 9 |
41
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Thomas Cook India Ltd. | 23,781 | 8 | |||||||
* | Aarti Surfactants Ltd. | 514 | 1 | ||||||
* | Hindustan Construction Co. Ltd. | 14,913 | 1 | ||||||
*,§ | Amtek Auto Ltd. | 7,896 | — | ||||||
178,764 | |||||||||
Indonesia (0.2%) | |||||||||
Bank Central Asia Tbk PT | 3,438,004 | 5,955 | |||||||
Telekomunikasi Indonesia Persero Tbk PT | 16,631,140 | 3,824 | |||||||
Bank Rakyat Indonesia Persero Tbk PT | 18,836,390 | 3,426 | |||||||
Bank Mandiri Persero Tbk PT | 6,583,732 | 1,957 | |||||||
Astra International Tbk PT | 7,537,230 | 1,928 | |||||||
Unilever Indonesia Tbk PT | 2,123,200 | 1,177 | |||||||
Kalbe Farma Tbk PT | 9,070,700 | 876 | |||||||
Charoen Pokphand Indonesia Tbk PT | 2,727,000 | 839 | |||||||
Bank Negara Indonesia Persero Tbk PT | 2,471,630 | 674 | |||||||
Indofood Sukses Makmur Tbk PT | 1,490,900 | 651 | |||||||
* | Barito Pacific Tbk PT | 6,557,500 | 635 | ||||||
United Tractors Tbk PT | 560,260 | 611 | |||||||
Semen Indonesia Persero Tbk PT | 1,111,700 | 590 | |||||||
Gudang Garam Tbk PT | 185,500 | 564 | |||||||
Indofood CBP Sukses Makmur Tbk PT | 787,900 | 521 | |||||||
Indocement Tunggal Prakarsa Tbk PT | 467,900 | 363 | |||||||
Indah Kiat Pulp & Paper Corp. Tbk PT | 893,400 | 330 | |||||||
Hanjaya Mandala Sampoerna Tbk PT | 2,999,700 | 319 | |||||||
Ace Hardware Indonesia Tbk PT | 2,595,300 | 264 | |||||||
Tower Bersama Infrastructure Tbk PT | 3,338,000 | 264 | |||||||
Adaro Energy Tbk PT | 3,993,500 | 245 | |||||||
* | Lippo Karawaci Tbk PT | 19,524,292 | 210 | ||||||
Perusahaan Gas Negara Tbk PT | 3,567,300 | 202 | |||||||
* | XL Axiata Tbk PT | 1,192,400 | 202 | ||||||
Ciputra Development Tbk PT | 5,047,430 | 182 | |||||||
Pakuwon Jati Tbk PT | 7,083,400 | 178 | |||||||
* | Vale Indonesia Tbk PT | 924,200 | 158 | ||||||
Bukit Asam Tbk PT | 1,246,200 | 156 | |||||||
* | Japfa Comfeed Indonesia Tbk PT | 2,204,700 | 143 | ||||||
Pabrik Kertas Tjiwi Kimia Tbk PT | 430,000 | 143 | |||||||
Jasa Marga Persero Tbk PT | 677,017 | 143 | |||||||
* | Bumi Serpong Damai Tbk PT | 2,801,100 | 132 | ||||||
Summarecon Agung Tbk PT | 4,045,500 | 120 | |||||||
Media Nusantara Citra Tbk PT | 1,784,200 | 109 | |||||||
* | Siloam International Hospitals Tbk PT | 309,483 | 109 | ||||||
* | Bank Tabungan Pensiunan Nasional Syariah Tbk PT | 728,600 | 107 | ||||||
Mitra Adiperkasa Tbk PT | 2,405,000 | 105 | |||||||
Surya Citra Media Tbk PT | 1,789,200 | 104 | |||||||
AKR Corporindo Tbk PT | 616,900 | 99 | |||||||
Aneka Tambang Tbk PT | 2,541,300 | 87 | |||||||
* | Smartfren Telecom Tbk PT | 12,110,400 | 86 | ||||||
* | Panin Financial Tbk PT | 6,954,600 | 85 | ||||||
* | Medco Energi Internasional Tbk PT | 2,794,332 | 84 | ||||||
Wijaya Karya Persero Tbk PT | 1,149,145 | 73 | |||||||
Matahari Department Store Tbk PT | 887,600 | 72 | |||||||
* | Bank Pan Indonesia Tbk PT | 1,215,500 | 61 | ||||||
Bank Tabungan Negara Persero Tbk PT | 1,034,500 | 61 | |||||||
Waskita Karya Persero Tbk PT | 1,299,774 | 53 | |||||||
Indo Tambangraya Megah Tbk PT | 108,800 | 52 | |||||||
Ramayana Lestari Sentosa Tbk PT | 1,190,900 | 46 | |||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 812,600 | 44 | |||||||
* | Sentul City Tbk PT | 12,501,167 | 42 | ||||||
Surya Semesta Internusa Tbk PT | 1,881,900 | 38 | |||||||
Timah Tbk PT | 1,216,300 | 38 | |||||||
* | Kresna Graha Investama Tbk PT | 4,091,300 | 37 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 725,400 | 34 | |||||||
*,§ | Trada Alam Minera Tbk PT | 10,114,628 | 34 | ||||||
* | Salim Ivomas Pratama Tbk PT | 2,362,900 | 34 |
42
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Astra Agro Lestari Tbk PT | 82,055 | 33 | ||||||
Bank Danamon Indonesia Tbk PT | 189,500 | 31 | |||||||
* | Alam Sutera Realty Tbk PT | 3,908,900 | 31 | ||||||
* | Agung Podomoro Land Tbk PT | 4,271,000 | 30 | ||||||
PP Persero Tbk PT | 528,300 | 23 | |||||||
* | Global Mediacom Tbk PT | 1,211,000 | 17 | ||||||
Adhi Karya Persero Tbk PT | 348,200 | 13 | |||||||
* | Eagle High Plantations Tbk PT | 2,054,500 | 11 | ||||||
* | Krakatau Steel Persero Tbk PT | 810,647 | 9 | ||||||
Bekasi Fajar Industrial Estate Tbk PT | 1,002,100 | 8 | |||||||
* | Totalindo Eka Persada Tbk PT | 1,362,900 | 5 | ||||||
29,887 | |||||||||
Ireland (0.1%) | |||||||||
Kerry Group plc Class A | 52,747 | 6,072 | |||||||
^ | Flutter Entertainment plc | 28,892 | 3,553 | ||||||
* | ICON plc | 19,372 | 3,109 | ||||||
Kingspan Group plc | 55,136 | 2,809 | |||||||
Glanbia plc | 67,035 | 713 | |||||||
Bank of Ireland Group plc | 303,363 | 622 | |||||||
* | AIB Group plc | 271,052 | 375 | ||||||
Hibernia REIT plc | 228,817 | 298 | |||||||
C&C Group plc | 116,065 | 285 | |||||||
Cairn Homes plc | 258,809 | 241 | |||||||
Irish Continental Group plc | 49,543 | 187 | |||||||
Dalata Hotel Group plc | 55,774 | 181 | |||||||
CRH plc (XDUB) | 4,643 | 141 | |||||||
* | Permanent TSB Group Holdings plc | 4,223 | 2 | ||||||
*,§ | Irish Bank Resolution Corp. Ltd. | 14,385 | — | ||||||
18,588 | |||||||||
Israel (0.2%) | |||||||||
* | Teva Pharmaceutical Industries Ltd. | 361,833 | 3,914 | ||||||
* | Nice Ltd. | 22,176 | 3,642 | ||||||
Bank Leumi Le-Israel BM | 518,718 | 2,795 | |||||||
Bank Hapoalim BM | 390,956 | 2,506 | |||||||
Israel Discount Bank Ltd. Class A | 456,356 | 1,481 | |||||||
Elbit Systems Ltd. | 9,011 | 1,222 | |||||||
Mizrahi Tefahot Bank Ltd. | 44,872 | 919 | |||||||
ICL Ltd. | 233,390 | 814 | |||||||
* | Azrieli Group Ltd. | 13,566 | 803 | ||||||
* | Tower Semiconductor Ltd. | 36,745 | 720 | ||||||
* | Bezeq The Israeli Telecommunication Corp. Ltd. | 688,384 | 491 | ||||||
* | Mivne Real Estate KD Ltd. | 223,502 | 480 | ||||||
First International Bank Of Israel Ltd. | 17,322 | 427 | |||||||
Strauss Group Ltd. | 14,877 | 420 | |||||||
* | Nova Measuring Instruments Ltd. | 10,507 | 420 | ||||||
Alony Hetz Properties & Investments Ltd. | 34,791 | 419 | |||||||
* | Airport City Ltd. | 27,425 | 416 | ||||||
* | Energix-Renewable Energies Ltd. | 114,550 | 399 | ||||||
Reit 1 Ltd. | 67,750 | 337 | |||||||
* | Shapir Engineering and Industry Ltd. | 42,926 | 301 | ||||||
* | Shufersal Ltd. | 46,490 | 298 | ||||||
* | Paz Oil Co. Ltd. | 3,400 | 296 | ||||||
Melisron Ltd. | 7,323 | 295 | |||||||
Shikun & Binui Ltd. | 70,237 | 291 | |||||||
Electra Ltd. | 555 | 255 | |||||||
Matrix IT Ltd. | 12,675 | 246 | |||||||
Harel Insurance Investments & Financial Services Ltd. | 36,575 | 235 | |||||||
Gazit-Globe Ltd. | 30,031 | 222 | |||||||
Amot Investments Ltd. | 39,544 | 222 | |||||||
* | Enlight Renewable Energy Ltd. | 180,261 | 222 | ||||||
AudioCodes Ltd. | 7,201 | 213 | |||||||
* | Phoenix Holdings Ltd. | 38,113 | 200 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 2,969 | 194 | |||||||
* | Hilan Ltd. | 4,746 | 187 |
43
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sapiens International Corp. NV | 7,014 | 175 | |||||||
Isracard Ltd. | 62,873 | 165 | |||||||
Mega Or Holdings Ltd. | 6,532 | 164 | |||||||
FIBI Holdings Ltd. | 5,434 | 161 | |||||||
* | AFI Properties Ltd. | 5,266 | 160 | ||||||
* | Israel Corp. Ltd. | 1,223 | 158 | ||||||
* | Clal Insurance Enterprises Holdings Ltd. | 14,817 | 147 | ||||||
* | Allot Ltd. | 12,607 | 144 | ||||||
Formula Systems 1985 Ltd. | 2,138 | 143 | |||||||
Oil Refineries Ltd. | 498,717 | 138 | |||||||
Menora Mivtachim Holdings Ltd. | 9,950 | 133 | |||||||
Sella Capital Real Estate Ltd. | 60,221 | 125 | |||||||
Bayside Land Corp. | 210 | 125 | |||||||
Big Shopping Centers Ltd. | 1,527 | 122 | |||||||
* | Partner Communications Co. Ltd. | 25,426 | 111 | ||||||
* | Fattal Holdings 1998 Ltd. | 1,401 | 96 | ||||||
Kenon Holdings Ltd. | 4,668 | 95 | |||||||
Delek Group Ltd. | 1,799 | 82 | |||||||
Migdal Insurance & Financial Holdings Ltd. | 122,731 | 79 | |||||||
IDI Insurance Co. Ltd. | 2,463 | 76 | |||||||
* | Brack Capital Properties NV | 757 | 69 | ||||||
* | Cellcom Israel Ltd. (Registered) | 18,262 | 67 | ||||||
* | Gilat Satellite Networks Ltd. | 7,449 | 64 | ||||||
* | Kamada Ltd. | 7,565 | 58 | ||||||
Delta Galil Industries Ltd. | 3,081 | 55 | |||||||
Delek Automotive Systems Ltd. | 9,988 | 53 | |||||||
* | Naphtha Israel Petroleum Corp. Ltd. | 9,982 | 52 | ||||||
Norstar Holdings Inc. | 3,315 | 43 | |||||||
Property & Building Corp. Ltd. | 357 | 26 | |||||||
29,388 | |||||||||
Italy (0.7%) | |||||||||
Enel SPA | 2,800,714 | 19,130 | |||||||
Eni SPA | 902,743 | 8,600 | |||||||
Intesa Sanpaolo SPA (Registered) | 5,275,388 | 8,238 | |||||||
* | Ferrari NV | 44,750 | 6,994 | ||||||
Assicurazioni Generali SPA | 461,285 | 6,581 | |||||||
* | UniCredit SPA | 805,220 | 6,219 | ||||||
Snam SPA | 812,261 | 3,644 | |||||||
Fiat Chrysler Automobiles NV | 395,771 | 3,433 | |||||||
Terna Rete Elettrica Nazionale SPA | 511,452 | 3,203 | |||||||
Atlantia SPA | 183,052 | 3,001 | |||||||
Moncler SPA | 71,097 | 2,674 | |||||||
* | FinecoBank Banca Fineco SPA | 221,657 | 2,470 | ||||||
* | CNH Industrial NV | 355,717 | 2,225 | ||||||
Exor NV | 37,373 | 2,038 | |||||||
Prysmian SPA | 89,920 | 1,697 | |||||||
Mediobanca Banca di Credito Finanziario SPA | 290,929 | 1,691 | |||||||
*,1 | Nexi SPA | 106,181 | 1,611 | ||||||
* | Davide Campari-Milano SPA | 195,758 | 1,522 | ||||||
Recordati SPA | 34,377 | 1,497 | |||||||
DiaSorin SPA | 8,373 | 1,428 | |||||||
1 | Poste Italiane SPA | 163,634 | 1,392 | ||||||
* | Telecom Italia SPA (Registered) | 3,486,201 | 1,384 | ||||||
1 | Infrastrutture Wireless Italiane SPA | 106,214 | 1,124 | ||||||
Hera SPA | 296,993 | 1,099 | |||||||
Telecom Italia SPA (Bearer) | 2,605,668 | 1,039 | |||||||
Amplifon SPA | 44,597 | 1,021 | |||||||
Unione di Banche Italiane SPA | 349,022 | 1,001 | |||||||
Italgas SPA | 178,132 | 998 | |||||||
Leonardo SPA | 133,598 | 923 | |||||||
Interpump Group SPA | 30,970 | 904 | |||||||
A2A SpA | 612,750 | 835 | |||||||
Tenaris SA | 111,984 | 775 | |||||||
Azimut Holding SPA | 40,256 | 686 |
44
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Banco BPM SPA | 514,944 | 629 | ||||||
Banca Mediolanum SPA | 98,905 | 604 | |||||||
Unipol Gruppo SPA | 174,418 | 602 | |||||||
1 | Pirelli & C SPA | 147,800 | 572 | ||||||
Iren SPA | 227,725 | 562 | |||||||
UnipolSai Assicurazioni SPA | 220,147 | 540 | |||||||
Reply SPA | 7,550 | 529 | |||||||
* | Saipem SPA | 198,456 | 509 | ||||||
IMA Industria Macchine Automatiche SPA | 7,206 | 491 | |||||||
Cerved Group SPA | 66,811 | 455 | |||||||
Freni Brembo SPA | 52,273 | 443 | |||||||
Banca Generali SPA | 17,718 | 441 | |||||||
Buzzi Unicem SPA | 22,396 | 439 | |||||||
Astm SPA | 21,929 | 429 | |||||||
1 | Enav SPA | 86,759 | 389 | ||||||
De’ Longhi SPA | 21,041 | 380 | |||||||
Brunello Cucinelli SPA | 11,576 | 373 | |||||||
Erg SPA | 19,633 | 353 | |||||||
BPER Banca | 127,904 | 316 | |||||||
Salvatore Ferragamo SPA | 24,532 | 305 | |||||||
1 | Anima Holding SPA | 85,088 | 301 | ||||||
1 | Technogym SPA | 39,282 | 291 | ||||||
Societa Cattolica di Assicurazioni SCPA | 50,964 | 282 | |||||||
Autogrill SPA | 49,092 | 254 | |||||||
Banca Popolare di Sondrio SCPA | 156,731 | 249 | |||||||
Acea SPA | 14,415 | 241 | |||||||
^,* | Mediaset SPA | 104,006 | 211 | ||||||
Tamburi Investment Partners SPA | 31,859 | 206 | |||||||
1 | Carel Industries SPA | 12,368 | 184 | ||||||
*,1 | Banca Farmafactoring SPA | 34,912 | 180 | ||||||
1 | RAI Way SPA | 33,424 | 180 | ||||||
Saras SPA | 179,414 | 169 | |||||||
Zignago Vetro SPA | 13,478 | 167 | |||||||
Falck Renewables SPA | 33,216 | 163 | |||||||
* | Juventus Football Club SPA | 149,272 | 148 | ||||||
Buzzi Unicem SPA Saving Shares | 13,277 | 139 | |||||||
^ | Tod’s SPA | 4,506 | 138 | ||||||
Italmobiliare SPA | 4,572 | 137 | |||||||
Piaggio & C SPA | 59,240 | 136 | |||||||
Marr SPA | 10,281 | 135 | |||||||
* | Salini Impregilo SPA | 84,818 | 126 | ||||||
1 | doValue SPA | 16,871 | 124 | ||||||
Datalogic SPA | 8,753 | 120 | |||||||
Rizzoli Corriere Della Sera Mediagroup SPA | 146,884 | 115 | |||||||
Credito Emiliano SPA | 23,562 | 104 | |||||||
CIR SPA-Compagnie Industriali | 223,580 | 99 | |||||||
^,* | Fincantieri SPA | 123,712 | 96 | ||||||
Maire Tecnimont SPA | 45,145 | 88 | |||||||
^,* | Banca Monte dei Paschi di Siena SPA | 71,774 | 88 | ||||||
Danieli & C Officine Meccaniche SPA Saving Shares | 11,415 | 85 | |||||||
DeA Capital SPA | 57,909 | 82 | |||||||
Danieli & C Officine Meccaniche SPA | 5,775 | 73 | |||||||
Immobiliare Grande Distribuzione SIIQ SPA | 18,415 | 73 | |||||||
Cementir Holding NV | 10,694 | 66 | |||||||
* | Banca IFIS SPA | 6,213 | 61 | ||||||
*,1 | Ovs SPA | 63,114 | 54 | ||||||
* | Arnoldo Mondadori Editore SPA | 36,216 | 49 | ||||||
Cairo Communication SPA | 22,346 | 40 | |||||||
Biesse SPA | 4,125 | 37 | |||||||
Geox SPA | 10,796 | 9 | |||||||
115,938 | |||||||||
Japan (7.5%) | |||||||||
Toyota Motor Corp. | 884,804 | 54,705 | |||||||
Sony Corp. | 441,100 | 28,387 |
45
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
SoftBank Group Corp. | 581,240 | 24,913 | |||||||
Keyence Corp. | 63,832 | 22,789 | |||||||
Takeda Pharmaceutical Co. Ltd. | 543,239 | 19,590 | |||||||
Mitsubishi UFJ Financial Group Inc. | 4,451,260 | 17,983 | |||||||
KDDI Corp. | 614,300 | 17,793 | |||||||
Nintendo Co. Ltd. | 38,606 | 15,941 | |||||||
Shin-Etsu Chemical Co. Ltd. | 142,656 | 15,735 | |||||||
Daiichi Sankyo Co. Ltd. | 225,900 | 15,529 | |||||||
Honda Motor Co. Ltd. | 618,841 | 15,028 | |||||||
Recruit Holdings Co. Ltd. | 451,210 | 13,162 | |||||||
Kao Corp. | 168,348 | 12,982 | |||||||
NTT DOCOMO Inc. | 414,448 | 12,214 | |||||||
Sumitomo Mitsui Financial Group Inc. | 462,648 | 12,166 | |||||||
Daikin Industries Ltd. | 94,763 | 12,161 | |||||||
Hoya Corp. | 132,151 | 12,051 | |||||||
Tokyo Electron Ltd. | 54,100 | 11,522 | |||||||
Murata Manufacturing Co. Ltd. | 201,474 | 11,352 | |||||||
FANUC Corp. | 68,191 | 11,130 | |||||||
Tokio Marine Holdings Inc. | 234,952 | 11,023 | |||||||
Astellas Pharma Inc. | 661,200 | 10,936 | |||||||
Mizuho Financial Group Inc. | 9,107,407 | 10,605 | |||||||
Central Japan Railway Co. | 65,219 | 10,263 | |||||||
Nippon Telegraph & Telephone Corp. | 436,200 | 9,934 | |||||||
Hitachi Ltd. | 331,152 | 9,828 | |||||||
Nidec Corp. | 166,796 | 9,710 | |||||||
SMC Corp. | 20,900 | 9,447 | |||||||
ITOCHU Corp. | 480,428 | 9,419 | |||||||
East Japan Railway Co. | 128,005 | 9,347 | |||||||
Mitsubishi Corp. | 438,100 | 9,291 | |||||||
Chugai Pharmaceutical Co. Ltd. | 77,300 | 9,214 | |||||||
Seven & i Holdings Co. Ltd. | 276,600 | 9,160 | |||||||
Fast Retailing Co. Ltd. | 18,500 | 8,774 | |||||||
Mitsubishi Electric Corp. | 695,140 | 8,553 | |||||||
Oriental Land Co. Ltd. | 66,700 | 8,434 | |||||||
Mitsui & Co. Ltd. | 602,600 | 8,411 | |||||||
Shiseido Co. Ltd. | 139,800 | 8,219 | |||||||
Japan Tobacco Inc. | 424,882 | 7,913 | |||||||
Softbank Corp. | 575,961 | 7,843 | |||||||
Terumo Corp. | 236,228 | 7,839 | |||||||
Canon Inc. | 365,100 | 7,680 | |||||||
Fujitsu Ltd. | 69,540 | 6,756 | |||||||
Eisai Co. Ltd. | 93,800 | 6,548 | |||||||
Mitsubishi Estate Co. Ltd. | 403,291 | 6,524 | |||||||
Bridgestone Corp. | 206,104 | 6,415 | |||||||
Komatsu Ltd. | 334,650 | 6,332 | |||||||
FUJIFILM Holdings Corp. | 129,700 | 6,178 | |||||||
Olympus Corp. | 381,700 | 6,056 | |||||||
Mitsui Fudosan Co. Ltd. | 328,900 | 6,047 | |||||||
Otsuka Holdings Co. Ltd. | 146,000 | 5,738 | |||||||
Denso Corp. | 163,000 | 5,730 | |||||||
Daiwa House Industry Co. Ltd. | 225,600 | 5,717 | |||||||
Kyocera Corp. | 106,600 | 5,696 | |||||||
Panasonic Corp. | 746,459 | 5,690 | |||||||
Secom Co. Ltd. | 68,087 | 5,666 | |||||||
M3 Inc. | 150,438 | 5,430 | |||||||
Kirin Holdings Co. Ltd. | 278,200 | 5,369 | |||||||
Shionogi & Co. Ltd. | 96,700 | 5,341 | |||||||
ORIX Corp. | 452,960 | 5,330 | |||||||
Unicharm Corp. | 140,200 | 5,167 | |||||||
Suzuki Motor Corp. | 161,671 | 5,160 | |||||||
Aeon Co. Ltd. | 248,400 | 5,001 | |||||||
MS&AD Insurance Group Holdings Inc. | 171,356 | 4,937 | |||||||
Kubota Corp. | 388,800 | 4,828 | |||||||
Dai-ichi Life Holdings Inc. | 380,000 | 4,762 |
46
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sysmex Corp. | 68,534 | 4,735 | |||||||
Sumitomo Corp. | 407,700 | 4,612 | |||||||
Asahi Group Holdings Ltd. | 133,900 | 4,604 | |||||||
Nomura Holdings Inc. | 1,063,100 | 4,411 | |||||||
Subaru Corp. | 215,300 | 4,309 | |||||||
Nitori Holdings Co. Ltd. | 27,600 | 4,230 | |||||||
Shimano Inc. | 28,700 | 4,229 | |||||||
Omron Corp. | 69,900 | 4,106 | |||||||
Toshiba Corp. | 163,600 | 4,057 | |||||||
West Japan Railway Co. | 65,300 | 4,035 | |||||||
JXTG Holdings Inc. | 1,109,207 | 3,933 | |||||||
Sompo Holdings Inc. | 121,075 | 3,927 | |||||||
TDK Corp. | 45,200 | 3,897 | |||||||
Japan Post Holdings Co. Ltd. | 479,615 | 3,836 | |||||||
Ono Pharmaceutical Co. Ltd. | 157,300 | 3,790 | |||||||
Sumitomo Mitsui Trust Holdings Inc. | 129,846 | 3,781 | |||||||
Sumitomo Realty & Development Co. Ltd. | 138,846 | 3,719 | |||||||
Obic Co. Ltd. | 24,400 | 3,662 | |||||||
Japan Exchange Group Inc. | 195,300 | 3,633 | |||||||
Pan Pacific International Holdings Corp. | 184,700 | 3,578 | |||||||
Z Holdings Corp. | 926,400 | 3,575 | |||||||
Bandai Namco Holdings Inc. | 69,800 | 3,488 | |||||||
Sekisui House Ltd. | 202,500 | 3,474 | |||||||
Advantest Corp. | 71,389 | 3,464 | |||||||
Tokyo Gas Co. Ltd. | 157,600 | 3,459 | |||||||
NEC Corp. | 89,000 | 3,415 | |||||||
Chubu Electric Power Co. Inc. | 250,170 | 3,383 | |||||||
MEIJI Holdings Co. Ltd. | 48,334 | 3,357 | |||||||
Nippon Paint Holdings Co. Ltd. | 56,300 | 3,254 | |||||||
Yaskawa Electric Corp. | 98,063 | 3,197 | |||||||
Asahi Kasei Corp. | 438,800 | 3,113 | |||||||
Ajinomoto Co. Inc. | 174,300 | 3,104 | |||||||
Kikkoman Corp. | 67,150 | 3,086 | |||||||
Kintetsu Group Holdings Co. Ltd. | 64,200 | 3,067 | |||||||
Toyota Industries Corp. | 57,300 | 2,884 | |||||||
Makita Corp. | 88,300 | 2,875 | |||||||
Nitto Denko Corp. | 56,800 | 2,837 | |||||||
Sumitomo Electric Industries Ltd. | 269,200 | 2,770 | |||||||
Marubeni Corp. | 556,928 | 2,682 | |||||||
Hankyu Hanshin Holdings Inc. | 78,100 | 2,672 | |||||||
Tokyu Corp. | 176,100 | 2,651 | |||||||
Osaka Gas Co. Ltd. | 141,300 | 2,631 | |||||||
Mitsubishi Heavy Industries Ltd. | 100,687 | 2,582 | |||||||
Kansai Electric Power Co. Inc. | 251,800 | 2,580 | |||||||
Mitsubishi Chemical Holdings Corp. | 450,784 | 2,562 | |||||||
Yakult Honsha Co. Ltd. | 43,819 | 2,545 | |||||||
Santen Pharmaceutical Co. Ltd. | 142,800 | 2,528 | |||||||
MISUMI Group Inc. | 106,400 | 2,527 | |||||||
Rakuten Inc. | 296,100 | 2,511 | |||||||
Tobu Railway Co. Ltd. | 73,100 | 2,480 | |||||||
Daifuku Co. Ltd. | 35,400 | 2,477 | |||||||
Toray Industries Inc. | 536,700 | 2,461 | |||||||
Shimadzu Corp. | 98,800 | 2,461 | |||||||
MINEBEA MITSUMI Inc. | 151,084 | 2,457 | |||||||
Nippon Steel Corp. | 290,858 | 2,447 | |||||||
Resona Holdings Inc. | 772,606 | 2,413 | |||||||
Odakyu Electric Railway Co. Ltd. | 109,400 | 2,413 | |||||||
Nissan Motor Co. Ltd. | 704,201 | 2,397 | |||||||
Nexon Co. Ltd. | 148,024 | 2,390 | |||||||
Disco Corp. | 10,600 | 2,367 | |||||||
Keio Corp. | 41,700 | 2,359 | |||||||
Yamaha Corp. | 58,400 | 2,357 | |||||||
NTT Data Corp. | 225,400 | 2,300 | |||||||
Nomura Research Institute Ltd. | 92,969 | 2,276 |
47
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Yamato Holdings Co. Ltd. | 129,800 | 2,265 | |||||||
Taisei Corp. | 72,299 | 2,254 | |||||||
Dai Nippon Printing Co. Ltd. | 105,700 | 2,229 | |||||||
Daiwa Securities Group Inc. | 532,800 | 2,216 | |||||||
Daito Trust Construction Co. Ltd. | 22,952 | 2,182 | |||||||
Obayashi Corp. | 247,400 | 2,162 | |||||||
SG Holdings Co. Ltd. | 77,100 | 2,145 | |||||||
Trend Micro Inc. | 42,100 | 2,136 | |||||||
Kyowa Kirin Co. Ltd. | 92,000 | 2,135 | |||||||
Sumitomo Metal Mining Co. Ltd. | 85,100 | 2,121 | |||||||
Inpex Corp. | 328,500 | 2,120 | |||||||
Nagoya Railroad Co. Ltd. | 72,400 | 2,072 | |||||||
Kobayashi Pharmaceutical Co. Ltd. | 22,000 | 2,039 | |||||||
Nissin Foods Holdings Co. Ltd. | 24,800 | 2,039 | |||||||
Hamamatsu Photonics KK | 46,300 | 2,024 | |||||||
Lion Corp. | 91,300 | 1,919 | |||||||
Toyota Tsusho Corp. | 80,600 | 1,919 | |||||||
Rohm Co. Ltd. | 29,600 | 1,871 | |||||||
Nissan Chemical Corp. | 48,600 | 1,865 | |||||||
Idemitsu Kosan Co. Ltd. | 81,014 | 1,841 | |||||||
* | Tokyo Electric Power Co. Holdings Inc. | 546,200 | 1,839 | ||||||
Aisin Seiki Co. Ltd. | 63,200 | 1,820 | |||||||
Lasertec Corp. | 27,200 | 1,799 | |||||||
TOTO Ltd. | 51,300 | 1,786 | |||||||
Kajima Corp. | 170,800 | 1,775 | |||||||
Asahi Intecc Co. Ltd. | 66,600 | 1,764 | |||||||
Sumitomo Chemical Co. Ltd. | 566,092 | 1,736 | |||||||
Tsuruha Holdings Inc. | 12,900 | 1,730 | |||||||
Ricoh Co. Ltd. | 252,600 | 1,722 | |||||||
Suntory Beverage & Food Ltd. | 45,700 | 1,721 | |||||||
T&D Holdings Inc. | 194,400 | 1,680 | |||||||
AGC Inc. | 66,900 | 1,650 | |||||||
Koito Manufacturing Co. Ltd. | 43,400 | 1,635 | |||||||
Otsuka Corp. | 36,100 | 1,635 | |||||||
Toho Gas Co. Ltd. | 33,200 | 1,631 | |||||||
Dentsu Group Inc. | 77,549 | 1,620 | |||||||
TIS Inc. | 84,800 | 1,617 | |||||||
Keihan Holdings Co. Ltd. | 35,900 | 1,614 | |||||||
Sekisui Chemical Co. Ltd. | 126,400 | 1,602 | |||||||
Oji Holdings Corp. | 313,700 | 1,593 | |||||||
CyberAgent Inc. | 37,692 | 1,583 | |||||||
Tohoku Electric Power Co. Inc. | 167,800 | 1,579 | |||||||
SBI Holdings Inc. | 84,540 | 1,579 | |||||||
Hirose Electric Co. Ltd. | 14,321 | 1,572 | |||||||
Toppan Printing Co. Ltd. | 105,200 | 1,563 | |||||||
Shimizu Corp. | 202,700 | 1,557 | |||||||
Kyushu Railway Co. | 57,324 | 1,542 | |||||||
Hitachi Chemical Co. Ltd. | 35,800 | 1,536 | |||||||
Hikari Tsushin Inc. | 7,900 | 1,529 | |||||||
Toyo Suisan Kaisha Ltd. | 31,600 | 1,520 | |||||||
Keikyu Corp. | 91,700 | 1,507 | |||||||
Nihon M&A Center Inc. | 46,100 | 1,504 | |||||||
Keisei Electric Railway Co. Ltd. | 49,400 | 1,490 | |||||||
Isuzu Motors Ltd. | 193,020 | 1,467 | |||||||
Chugoku Electric Power Co. Inc. | 107,100 | 1,441 | |||||||
Miura Co. Ltd. | 34,900 | 1,440 | |||||||
Hoshizaki Corp. | 18,782 | 1,431 | |||||||
Nisshin Seifun Group Inc. | 91,520 | 1,422 | |||||||
Brother Industries Ltd. | 83,800 | 1,420 | |||||||
^ | FamilyMart Co. Ltd. | 83,584 | 1,417 | ||||||
Azbil Corp. | 53,100 | 1,396 | |||||||
Toho Co. Ltd. (XTKS) | 42,600 | 1,395 | |||||||
Pigeon Corp. | 38,360 | 1,366 | |||||||
* | Renesas Electronics Corp. | 258,607 | 1,366 |
48
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Yamada Denki Co. Ltd. | 287,272 | 1,362 | |||||||
Japan Post Bank Co. Ltd. | 145,735 | 1,353 | |||||||
MonotaRO Co. Ltd. | 41,872 | 1,345 | |||||||
USS Co. Ltd. | 84,900 | 1,344 | |||||||
Welcia Holdings Co. Ltd. | 18,500 | 1,343 | |||||||
Tosoh Corp. | 109,190 | 1,334 | |||||||
Ito En Ltd. | 24,000 | 1,333 | |||||||
Nippon Shinyaku Co. Ltd. | 18,700 | 1,313 | |||||||
Kansai Paint Co. Ltd. | 68,800 | 1,307 | |||||||
Kyushu Electric Power Co. Inc. | 164,400 | 1,303 | |||||||
Casio Computer Co. Ltd. | 81,100 | 1,280 | |||||||
Hakuhodo DY Holdings Inc. | 114,900 | 1,273 | |||||||
Teijin Ltd. | 79,700 | 1,271 | |||||||
Mitsui Chemicals Inc. | 64,700 | 1,270 | |||||||
NGK Insulators Ltd. | 96,700 | 1,265 | |||||||
Electric Power Development Co. Ltd. | 63,100 | 1,263 | |||||||
Kose Corp. | 10,100 | 1,263 | |||||||
Hulic Co. Ltd. | 127,600 | 1,262 | |||||||
Nabtesco Corp. | 43,900 | 1,256 | |||||||
NH Foods Ltd. | 35,300 | 1,253 | |||||||
Concordia Financial Group Ltd. | 405,679 | 1,243 | |||||||
Kuraray Co. Ltd. | 124,100 | 1,241 | |||||||
JFE Holdings Inc. | 186,300 | 1,236 | |||||||
Sohgo Security Services Co. Ltd. | 25,900 | 1,235 | |||||||
GMO Payment Gateway Inc. | 13,806 | 1,231 | |||||||
NSK Ltd. | 177,700 | 1,230 | |||||||
Yamaha Motor Co. Ltd. | 94,900 | 1,221 | |||||||
JSR Corp. | 64,800 | 1,219 | |||||||
Alfresa Holdings Corp. | 61,100 | 1,218 | |||||||
Stanley Electric Co. Ltd. | 53,200 | 1,212 | |||||||
Nippon Express Co. Ltd. | 24,800 | 1,211 | |||||||
Yokogawa Electric Corp. | 88,200 | 1,202 | |||||||
Mazda Motor Corp. | 211,000 | 1,193 | |||||||
Seiko Epson Corp. | 104,300 | 1,184 | |||||||
Oracle Corp. Japan | 11,400 | 1,174 | |||||||
Hisamitsu Pharmaceutical Co. Inc. | 24,900 | 1,173 | |||||||
* | PeptiDream Inc. | 31,200 | 1,164 | ||||||
Marui Group Co. Ltd. | 70,900 | 1,161 | |||||||
Taiyo Yuden Co. Ltd. | 41,000 | 1,143 | |||||||
Showa Denko KK | 52,200 | 1,143 | |||||||
SUMCO Corp. | 79,726 | 1,135 | |||||||
LIXIL Group Corp. | 94,600 | 1,135 | |||||||
Square Enix Holdings Co. Ltd. | 27,500 | 1,127 | |||||||
Kurita Water Industries Ltd. | 39,800 | 1,110 | |||||||
COMSYS Holdings Corp. | 40,198 | 1,105 | |||||||
Seibu Holdings Inc. | 91,088 | 1,093 | |||||||
Konami Holdings Corp. | 34,300 | 1,077 | |||||||
Tokyu Fudosan Holdings Corp. | 219,786 | 1,075 | |||||||
Mitsubishi Materials Corp. | 52,034 | 1,066 | |||||||
Nikon Corp. | 114,100 | 1,061 | |||||||
Itochu Techno-Solutions Corp. | 34,500 | 1,054 | |||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 16,700 | 1,043 | |||||||
Sony Financial Holdings Inc. | 55,000 | 1,043 | |||||||
Suzuken Co. Ltd. | 26,960 | 1,039 | |||||||
Sawai Pharmaceutical Co. Ltd. | 18,800 | 1,027 | |||||||
Haseko Corp. | 94,500 | 1,026 | |||||||
Rohto Pharmaceutical Co. Ltd. | 35,200 | 1,024 | |||||||
Capcom Co. Ltd. | 33,400 | 1,024 | |||||||
NGK Spark Plug Co. Ltd. | 68,000 | 1,018 | |||||||
Ryohin Keikaku Co. Ltd. | 85,470 | 1,017 | |||||||
Fuji Electric Co. Ltd. | 42,277 | 1,008 | |||||||
Rinnai Corp. | 13,300 | 1,007 | |||||||
Shizuoka Bank Ltd. | 165,500 | 1,005 | |||||||
MediPal Holdings Corp. | 51,800 | 999 |
49
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Amada Co. Ltd. | 109,600 | 991 | |||||||
^ | Anritsu Corp. | 47,700 | 971 | ||||||
Sojitz Corp. | 412,348 | 954 | |||||||
Air Water Inc. | 70,100 | 945 | |||||||
DIC Corp. | 40,600 | 943 | |||||||
Skylark Holdings Co. Ltd. | 63,651 | 941 | |||||||
Kakaku.com Inc. | 45,968 | 938 | |||||||
Nichirei Corp. | 37,300 | 933 | |||||||
THK Co. Ltd. | 39,000 | 932 | |||||||
* | LINE Corp. | 18,970 | 928 | ||||||
Chiba Bank Ltd. | 199,000 | 923 | |||||||
Sumitomo Heavy Industries Ltd. | 43,800 | 923 | |||||||
Matsumotokiyoshi Holdings Co. Ltd. | 26,500 | 912 | |||||||
Lawson Inc. | 17,500 | 910 | |||||||
Nihon Kohden Corp. | 25,400 | 909 | |||||||
Taiheiyo Cement Corp. | 46,200 | 907 | |||||||
Hitachi Construction Machinery Co. Ltd. | 38,500 | 903 | |||||||
Coca-Cola Bottlers Japan Holdings Inc. | 49,875 | 893 | |||||||
NET One Systems Co. Ltd. | 30,500 | 879 | |||||||
Ibiden Co. Ltd. | 34,200 | 874 | |||||||
Bank of Kyoto Ltd. | 25,400 | 869 | |||||||
Cosmos Pharmaceutical Corp. | 3,200 | 857 | |||||||
Benesse Holdings Inc. | 29,900 | 851 | |||||||
Ezaki Glico Co. Ltd. | 19,000 | 834 | |||||||
Kyowa Exeo Corp. | 34,200 | 833 | |||||||
ANA Holdings Inc. | 39,200 | 833 | |||||||
Nankai Electric Railway Co. Ltd. | 37,300 | 833 | |||||||
Sundrug Co. Ltd. | 24,300 | 832 | |||||||
House Foods Group Inc. | 26,400 | 831 | |||||||
Tokyo Tatemono Co. Ltd. | 73,500 | 827 | |||||||
Calbee Inc. | 27,200 | 823 | |||||||
NOF Corp. | 24,800 | 822 | |||||||
Shinsei Bank Ltd. | 67,803 | 818 | |||||||
Sega Sammy Holdings Inc. | 67,000 | 812 | |||||||
Mitsubishi Gas Chemical Co. Inc. | 66,200 | 811 | |||||||
Japan Post Insurance Co. Ltd. | 63,078 | 806 | |||||||
Nippon Electric Glass Co. Ltd. | 54,900 | 800 | |||||||
Ube Industries Ltd. | 47,600 | 798 | |||||||
Relo Group Inc. | 36,253 | 785 | |||||||
Kinden Corp. | 48,500 | 780 | |||||||
Kewpie Corp. | 39,000 | 774 | |||||||
Sumitomo Dainippon Pharma Co. Ltd. | 55,900 | 773 | |||||||
Sugi Holdings Co. Ltd. | 12,800 | 772 | |||||||
Kamigumi Co. Ltd. | 43,700 | 769 | |||||||
Yamazaki Baking Co. Ltd. | 43,500 | 769 | |||||||
Justsystems Corp. | 12,500 | 764 | |||||||
Fukuoka Financial Group Inc. | 53,464 | 764 | |||||||
Kagome Co. Ltd. | 29,900 | 764 | |||||||
Taiyo Nippon Sanso Corp. | 49,100 | 762 | |||||||
SCSK Corp. | 16,600 | 751 | |||||||
Mebuki Financial Group Inc. | 354,750 | 745 | |||||||
Kaneka Corp. | 28,700 | 742 | |||||||
Daicel Corp. | 91,200 | 740 | |||||||
Kawasaki Heavy Industries Ltd. | 48,600 | 734 | |||||||
Japan Airport Terminal Co. Ltd. | 17,900 | 726 | |||||||
Isetan Mitsukoshi Holdings Ltd. | 119,000 | 724 | |||||||
Ebara Corp. | 32,800 | 723 | |||||||
JGC Holdings Corp. | 73,900 | 714 | |||||||
Denka Co. Ltd. | 29,500 | 713 | |||||||
Goldwin Inc. | 13,200 | 711 | |||||||
TechnoPro Holdings Inc. | 12,300 | 701 | |||||||
Sotetsu Holdings Inc. | 27,300 | 700 | |||||||
Nippon Yusen KK | 53,100 | 699 | |||||||
Horiba Ltd. | 13,200 | 698 |
50
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 145,800 | 696 | |||||||
JTEKT Corp. | 93,800 | 687 | |||||||
Japan Airlines Co. Ltd. | 38,400 | 685 | |||||||
Alps Alpine Co. Ltd. | 66,367 | 685 | |||||||
Nomura Real Estate Holdings Inc. | 41,700 | 678 | |||||||
Aozora Bank Ltd. | 37,690 | 671 | |||||||
J Front Retailing Co. Ltd. | 82,200 | 671 | |||||||
Nippon Kayaku Co. Ltd. | 69,300 | 670 | |||||||
Persol Holdings Co. Ltd. | 57,500 | 661 | |||||||
Nishi-Nippon Railroad Co. Ltd. | 26,800 | 656 | |||||||
Hitachi Metals Ltd. | 68,000 | 655 | |||||||
K’s Holdings Corp. | 59,968 | 653 | |||||||
Maruwa Co. Ltd. | 9,100 | 642 | |||||||
Sankyu Inc. | 16,600 | 638 | |||||||
Zensho Holdings Co. Ltd. | 31,900 | 628 | |||||||
Iida Group Holdings Co. Ltd. | 47,197 | 627 | |||||||
Mitsui OSK Lines Ltd. | 35,939 | 623 | |||||||
Seino Holdings Co. Ltd. | 52,300 | 623 | |||||||
Seven Bank Ltd. | 229,600 | 622 | |||||||
Nihon Unisys Ltd. | 21,500 | 622 | |||||||
FP Corp. | 8,200 | 619 | |||||||
SCREEN Holdings Co. Ltd. | 12,700 | 613 | |||||||
SHO-BOND Holdings Co. Ltd. | 15,200 | 610 | |||||||
Nippon Paper Industries Co. Ltd. | 42,400 | 605 | |||||||
Ship Healthcare Holdings Inc. | 13,200 | 597 | |||||||
Tokai Carbon Co. Ltd. | 72,100 | 596 | |||||||
Tokyo Ohka Kogyo Co. Ltd. | 13,800 | 594 | |||||||
Sharp Corp. | 53,429 | 588 | |||||||
Mitsubishi Motors Corp. | 207,500 | 588 | |||||||
Park24 Co. Ltd. | 37,400 | 587 | |||||||
Konica Minolta Inc. | 150,600 | 583 | |||||||
PALTAC Corp. | 11,100 | 580 | |||||||
Credit Saison Co. Ltd. | 50,900 | 578 | |||||||
Pola Orbis Holdings Inc. | 32,300 | 576 | |||||||
Kaken Pharmaceutical Co. Ltd. | 10,400 | 572 | |||||||
Asics Corp. | 59,900 | 568 | |||||||
Acom Co. Ltd. | 140,300 | 567 | |||||||
Sushiro Global Holdings Ltd. | 36,500 | 563 | |||||||
Tsumura & Co. | 20,300 | 562 | |||||||
* | Ain Holdings Inc. | 10,000 | 561 | ||||||
Chugoku Bank Ltd. | 60,900 | 561 | |||||||
Mabuchi Motor Co. Ltd. | 18,100 | 560 | |||||||
Koei Tecmo Holdings Co. Ltd. | 21,240 | 559 | |||||||
Tokyo Century Corp. | 16,220 | 554 | |||||||
Toyo Seikan Group Holdings Ltd. | 54,600 | 554 | |||||||
Aica Kogyo Co. Ltd. | 19,200 | 553 | |||||||
Mirait Holdings Corp. | 42,700 | 552 | |||||||
Morinaga & Co. Ltd. | 13,400 | 551 | |||||||
Sumitomo Rubber Industries Ltd. | 56,372 | 547 | |||||||
Nifco Inc. | 28,302 | 546 | |||||||
IHI Corp. | 43,800 | 543 | |||||||
Fancl Corp. | 22,400 | 537 | |||||||
Morinaga Milk Industry Co. Ltd. | 13,800 | 535 | |||||||
Hino Motors Ltd. | 89,400 | 532 | |||||||
Rengo Co. Ltd. | 67,800 | 528 | |||||||
ZOZO Inc. | 32,700 | 528 | |||||||
Sumitomo Forestry Co. Ltd. | 42,400 | 524 | |||||||
Kyushu Financial Group Inc. | 123,470 | 521 | |||||||
Hachijuni Bank Ltd. | 144,700 | 517 | |||||||
Asahi Holdings Inc. | 22,700 | 513 | |||||||
Nitto Boseki Co. Ltd. | 10,800 | 511 | |||||||
Maruichi Steel Tube Ltd. | 22,700 | 510 | |||||||
Aeon Mall Co. Ltd. | 40,572 | 510 | |||||||
Tokuyama Corp. | 24,100 | 509 |
51
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Nippon Shokubai Co. Ltd. | 10,600 | 501 | |||||||
Gunma Bank Ltd. | 155,000 | 496 | |||||||
Mani Inc. | 22,000 | 490 | |||||||
Iyo Bank Ltd. | 91,100 | 488 | |||||||
Shimamura Co. Ltd. | 7,700 | 485 | |||||||
JCR Pharmaceuticals Co. Ltd. | 5,000 | 479 | |||||||
Sanwa Holdings Corp. | 61,700 | 479 | |||||||
Yoshinoya Holdings Co. Ltd. | 23,100 | 477 | |||||||
Yaoko Co. Ltd. | 7,700 | 477 | |||||||
Infomart Corp. | 68,800 | 475 | |||||||
Zenkoku Hosho Co. Ltd. | 16,200 | 472 | |||||||
* | Toho Zinc Co. Ltd. | 38,600 | 471 | ||||||
Mitsubishi Logistics Corp. | 21,200 | 468 | |||||||
DeNA Co. Ltd. | 37,900 | 467 | |||||||
GMO internet Inc. | 21,400 | 466 | |||||||
Bic Camera Inc. | 50,200 | 465 | |||||||
Kusuri no Aoki Holdings Co. Ltd. | 5,900 | 464 | |||||||
Fuji Corp. | 27,500 | 460 | |||||||
Penta-Ocean Construction Co. Ltd. | 91,000 | 460 | |||||||
Fujitec Co. Ltd. | 32,200 | 459 | |||||||
Miraca Holdings Inc. | 18,300 | 458 | |||||||
Iwatani Corp. | 13,400 | 458 | |||||||
Paramount Bed Holdings Co. Ltd. | 11,000 | 454 | |||||||
Toyo Tire Corp. | 38,600 | 452 | |||||||
Shiga Bank Ltd. | 19,100 | 450 | |||||||
Yokohama Rubber Co. Ltd. | 34,900 | 444 | |||||||
Amano Corp. | 21,600 | 443 | |||||||
NOK Corp. | 37,700 | 439 | |||||||
Arcland Service Holdings Co. Ltd. | 28,200 | 438 | |||||||
ABC-Mart Inc. | 8,600 | 437 | |||||||
Sankyo Co. Ltd. | 15,900 | 437 | |||||||
TS Tech Co. Ltd. | 16,100 | 437 | |||||||
Nagase & Co. Ltd. | 36,100 | 434 | |||||||
Izumi Co. Ltd. | 14,800 | 433 | |||||||
Toyoda Gosei Co. Ltd. | 23,200 | 432 | |||||||
Taikisha Ltd. | 14,700 | 428 | |||||||
Aomori Bank Ltd. | 20,200 | 427 | |||||||
Digital Garage Inc. | 11,900 | 426 | |||||||
Jaccs Co. Ltd. | 25,600 | 425 | |||||||
Kokuyo Co. Ltd. | 34,400 | 421 | |||||||
Keihin Corp. | 17,600 | 420 | |||||||
Ulvac Inc. | 15,200 | 419 | |||||||
Zeon Corp. | 47,800 | 419 | |||||||
Kandenko Co. Ltd. | 50,000 | 418 | |||||||
Sapporo Holdings Ltd. | 21,800 | 415 | |||||||
Dowa Holdings Co. Ltd. | 15,000 | 415 | |||||||
ADEKA Corp. | 33,000 | 414 | |||||||
Toda Corp. | 71,000 | 412 | |||||||
Nippon Suisan Kaisha Ltd. | 92,600 | 412 | |||||||
Takashimaya Co. Ltd. | 45,500 | 411 | |||||||
Open House Co. Ltd. | 18,800 | 410 | |||||||
Daiichikosho Co. Ltd. | 13,600 | 408 | |||||||
Hokuriku Electric Power Co. | 60,500 | 408 | |||||||
Daido Steel Co. Ltd. | 12,300 | 406 | |||||||
Hyakujushi Bank Ltd. | 22,800 | 406 | |||||||
Takara Holdings Inc. | 55,100 | 405 | |||||||
Shikoku Electric Power Co. Inc. | 52,400 | 405 | |||||||
Daishi Hokuetsu Financial Group Inc. | 18,550 | 403 | |||||||
As One Corp. | 4,500 | 402 | |||||||
Sumitomo Osaka Cement Co. Ltd. | 12,300 | 400 | |||||||
Hazama Ando Corp. | 63,800 | 397 | |||||||
Nipro Corp. | 35,400 | 396 | |||||||
Nippon Gas Co. Ltd. | 12,000 | 396 | |||||||
Tokyo Seimitsu Co. Ltd. | 12,200 | 395 |
52
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Glory Ltd. | 17,300 | 389 | |||||||
Pilot Corp. | 11,600 | 389 | |||||||
Yamaguchi Financial Group Inc. | 72,000 | 388 | |||||||
Kobe Bussan Co. Ltd. | 7,900 | 382 | |||||||
Toagosei Co. Ltd. | 41,700 | 382 | |||||||
Wacoal Holdings Corp. | 18,900 | 381 | |||||||
OKUMA Corp. | 10,100 | 381 | |||||||
Nippo Corp. | 16,900 | 380 | |||||||
AEON Financial Service Co. Ltd. | 36,500 | 380 | |||||||
SMS Co. Ltd. | 17,400 | 379 | |||||||
NSD Co. Ltd. | 26,780 | 379 | |||||||
Maeda Corp. | 47,200 | 379 | |||||||
Hiday Hidaka Corp. | 24,536 | 378 | |||||||
Furukawa Electric Co. Ltd. | 20,000 | 376 | |||||||
Mochida Pharmaceutical Co. Ltd. | 9,542 | 373 | |||||||
Fuji Oil Holdings Inc. | 16,000 | 373 | |||||||
Ushio Inc. | 35,000 | 369 | |||||||
Hiroshima Bank Ltd. | 88,500 | 368 | |||||||
Fukuyama Transporting Co. Ltd. | 10,600 | 367 | |||||||
Mitsui Mining & Smelting Co. Ltd. | 19,600 | 366 | |||||||
Inaba Denki Sangyo Co. Ltd. | 17,200 | 364 | |||||||
Showa Corp. | 17,300 | 364 | |||||||
Ariake Japan Co. Ltd. | 6,300 | 363 | |||||||
Meitec Corp. | 8,200 | 362 | |||||||
Duskin Co. Ltd. | 14,000 | 362 | |||||||
Nihon Parkerizing Co. Ltd. | 35,200 | 360 | |||||||
Shochiku Co. Ltd. | 3,300 | 360 | |||||||
Lintec Corp. | 16,600 | 356 | |||||||
NHK Spring Co. Ltd. | 53,800 | 356 | |||||||
Menicon Co. Ltd. | 8,100 | 352 | |||||||
Daiwabo Holdings Co. Ltd. | 5,700 | 351 | |||||||
TOKAI Holdings Corp. | 38,700 | 350 | |||||||
Daio Paper Corp. | 25,500 | 348 | |||||||
Hokuhoku Financial Group Inc. | 42,600 | 346 | |||||||
Jafco Co. Ltd. | 10,800 | 346 | |||||||
Toho Holdings Co. Ltd. | 16,600 | 344 | |||||||
Hitachi Transport System Ltd. | 14,100 | 342 | |||||||
Shimachu Co. Ltd. | 13,700 | 342 | |||||||
Kyudenko Corp. | 12,200 | 342 | |||||||
GS Yuasa Corp. | 24,000 | 341 | |||||||
Jeol Ltd. | 11,500 | 340 | |||||||
OSG Corp. | 26,000 | 338 | |||||||
Systena Corp. | 24,000 | 337 | |||||||
Nichias Corp. | 16,900 | 336 | |||||||
Nikkon Holdings Co. Ltd. | 17,300 | 336 | |||||||
Takara Bio Inc. | 15,000 | 335 | |||||||
Sakata Seed Corp. | 10,300 | 333 | |||||||
Kenedix Inc. | 73,400 | 332 | |||||||
Max Co. Ltd. | 22,300 | 331 | |||||||
Toyobo Co. Ltd. | 28,300 | 330 | |||||||
Fujikura Ltd. | 111,600 | 328 | |||||||
Katitas Co. Ltd. | 18,800 | 328 | |||||||
Takasago Thermal Engineering Co. Ltd. | 20,800 | 328 | |||||||
Cosmo Energy Holdings Co. Ltd. | 21,800 | 328 | |||||||
Showa Sangyo Co. Ltd. | 10,900 | 326 | |||||||
NS Solutions Corp. | 12,900 | 326 | |||||||
Nishi-Nippon Financial Holdings Inc. | 55,500 | 324 | |||||||
Sangetsu Corp. | 21,700 | 323 | |||||||
NEC Networks & System Integration Corp. | 7,500 | 323 | |||||||
St. Marc Holdings Co. Ltd. | 19,300 | 322 | |||||||
Nishimatsu Construction Co. Ltd. | 17,000 | 322 | |||||||
Fuyo General Lease Co. Ltd. | 6,400 | 320 | |||||||
Nissin Kogyo Co. Ltd. | 15,400 | 320 | |||||||
Bank of Nagoya Ltd. | 15,200 | 319 |
53
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
DMG Mori Co. Ltd. | 31,100 | 318 | |||||||
* | Kobe Steel Ltd. | 94,800 | 317 | ||||||
Sanki Engineering Co. Ltd. | 28,100 | 317 | |||||||
San-In Godo Bank Ltd. | 60,300 | 316 | |||||||
^ | Benefit One Inc. | 18,000 | 316 | ||||||
Megmilk Snow Brand Co. Ltd. | 13,800 | 315 | |||||||
Kiyo Bank Ltd. | 21,207 | 313 | |||||||
Tsubaki Nakashima Co. Ltd. | 44,400 | 312 | |||||||
DCM Holdings Co. Ltd. | 31,800 | 311 | |||||||
Japan Lifeline Co. Ltd. | 26,400 | 310 | |||||||
KYORIN Holdings Inc. | 14,900 | 310 | |||||||
Nippon Light Metal Holdings Co. Ltd. | 195,300 | 308 | |||||||
Milbon Co. Ltd. | 7,000 | 307 | |||||||
Heiwa Corp. | 18,200 | 306 | |||||||
Fujitsu General Ltd. | 18,500 | 306 | |||||||
Topcon Corp. | 37,300 | 306 | |||||||
Elecom Co. Ltd. | 7,700 | 304 | |||||||
Heiwa Real Estate Co. Ltd. | 11,200 | 301 | |||||||
Daiseki Co. Ltd. | 13,600 | 300 | |||||||
Sanrio Co. Ltd. | 19,892 | 295 | |||||||
Internet Initiative Japan Inc. | 8,600 | 294 | |||||||
Japan Steel Works Ltd. | 23,800 | 292 | |||||||
Trusco Nakayama Corp. | 13,500 | 292 | |||||||
Kumagai Gumi Co. Ltd. | 13,300 | 291 | |||||||
Kanematsu Corp. | 29,400 | 290 | |||||||
Canon Marketing Japan Inc. | 14,900 | 287 | |||||||
Sumitomo Bakelite Co. Ltd. | 11,100 | 287 | |||||||
Joyful Honda Co. Ltd. | 23,488 | 286 | |||||||
77 Bank Ltd. | 21,400 | 285 | |||||||
Hokkoku Bank Ltd. | 9,600 | 285 | |||||||
Toshiba TEC Corp. | 8,700 | 283 | |||||||
cocokara fine Inc. | 6,000 | 283 | |||||||
Arata Corp. | 6,800 | 281 | |||||||
Hitachi Capital Corp. | 14,500 | 280 | |||||||
Nisshinbo Holdings Inc. | 40,100 | 280 | |||||||
Japan Elevator Service Holdings Co. Ltd. | 10,900 | 277 | |||||||
Citizen Watch Co. Ltd. | 77,800 | 275 | |||||||
* | Kawasaki Kisen Kaisha Ltd. | 27,899 | 274 | ||||||
Earth Corp. | 4,700 | 273 | |||||||
Tadano Ltd. | 35,700 | 272 | |||||||
Shinko Electric Industries Co. Ltd. | 21,800 | 272 | |||||||
Mizuho Leasing Co. Ltd. | 14,100 | 271 | |||||||
Senko Group Holdings Co. Ltd. | 33,200 | 271 | |||||||
Kureha Corp. | 6,700 | 270 | |||||||
DTS Corp. | 14,000 | 268 | |||||||
Itoham Yonekyu Holdings Inc. | 46,072 | 267 | |||||||
Michinoku Bank Ltd. | 26,200 | 267 | |||||||
CKD Corp. | 16,000 | 267 | |||||||
Awa Bank Ltd. | 12,200 | 265 | |||||||
Toei Co. Ltd. | 2,100 | 261 | |||||||
Morita Holdings Corp. | 16,900 | 260 | |||||||
Fuji Seal International Inc. | 14,900 | 259 | |||||||
Takuma Co. Ltd. | 23,800 | 257 | |||||||
Nippon Flour Mills Co. Ltd. | 16,200 | 255 | |||||||
Okumura Corp. | 11,900 | 254 | |||||||
NTN Corp. | 132,000 | 253 | |||||||
Maxvalu Tokai Co. Ltd. | 12,200 | 253 | |||||||
Okinawa Electric Power Co. Inc. | 13,821 | 252 | |||||||
Macnica Fuji Electronics Holdings Inc. | 18,500 | 252 | |||||||
Life Corp. | 8,100 | 252 | |||||||
Chubu Shiryo Co. Ltd. | 16,400 | 251 | |||||||
Sumitomo Warehouse Co. Ltd. | 22,000 | 251 | |||||||
Tsubakimoto Chain Co. | 10,700 | 251 | |||||||
Oki Electric Industry Co. Ltd. | 25,900 | 249 |
54
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Japan Material Co. Ltd. | 17,200 | 249 | |||||||
Okamoto Industries Inc. | 6,200 | 249 | |||||||
Maeda Road Construction Co. Ltd. | 13,400 | 248 | |||||||
ZERIA Pharmaceutical Co. Ltd. | 12,700 | 247 | |||||||
Ogaki Kyoritsu Bank Ltd. | 12,000 | 245 | |||||||
Nisshin Oillio Group Ltd. | 7,400 | 243 | |||||||
JINS Holdings Inc. | 4,600 | 243 | |||||||
EDION Corp. | 27,900 | 243 | |||||||
^ | Colowide Co. Ltd. | 17,400 | 240 | ||||||
Toyota Boshoku Corp. | 19,100 | 238 | |||||||
Valor Holdings Co. Ltd. | 12,800 | 238 | |||||||
TKC Corp. | 4,800 | 237 | |||||||
OBIC Business Consultants Co. Ltd. | 5,300 | 237 | |||||||
en-japan Inc. | 10,700 | 236 | |||||||
Tomy Co. Ltd. | 29,100 | 235 | |||||||
Kotobuki Spirits Co. Ltd. | 6,000 | 234 | |||||||
Prestige International Inc. | 30,000 | 234 | |||||||
MOS Food Services Inc. | 9,300 | 234 | |||||||
Kumiai Chemical Industry Co. Ltd. | 28,963 | 234 | |||||||
Kissei Pharmaceutical Co. Ltd. | 9,848 | 234 | |||||||
Totetsu Kogyo Co. Ltd. | 9,000 | 233 | |||||||
Matsui Securities Co. Ltd. | 31,800 | 232 | |||||||
Autobacs Seven Co. Ltd. | 19,800 | 231 | |||||||
Tokyo Dome Corp. | 31,500 | 230 | |||||||
Takara Standard Co. Ltd. | 15,600 | 230 | |||||||
BayCurrent Consulting Inc. | 4,057 | 230 | |||||||
Taiyo Holdings Co. Ltd. | 5,600 | 229 | |||||||
Arcs Co. Ltd. | 12,200 | 229 | |||||||
Fuji Soft Inc. | 6,500 | 229 | |||||||
Tocalo Co. Ltd. | 23,200 | 228 | |||||||
Raiznext Corp. | 20,500 | 227 | |||||||
Mandom Corp. | 11,800 | 227 | |||||||
Fujita Kanko Inc. | 14,000 | 226 | |||||||
San-A Co. Ltd. | 5,600 | 226 | |||||||
Yamazen Corp. | 26,800 | 225 | |||||||
Anicom Holdings Inc. | 6,100 | 225 | |||||||
Nippon Densetsu Kogyo Co. Ltd. | 11,500 | 224 | |||||||
KH Neochem Co. Ltd. | 12,900 | 223 | |||||||
San-Ai Oil Co. Ltd. | 21,900 | 222 | |||||||
Nichi-iko Pharmaceutical Co. Ltd. | 16,950 | 220 | |||||||
Maruha Nichiro Corp. | 10,500 | 220 | |||||||
Hogy Medical Co. Ltd. | 7,000 | 219 | |||||||
Saibu Gas Co. Ltd. | 8,800 | 218 | |||||||
Kato Sangyo Co. Ltd. | 6,400 | 217 | |||||||
Nomura Co. Ltd. | 28,600 | 217 | |||||||
Shinmaywa Industries Ltd. | 21,100 | 214 | |||||||
H2O Retailing Corp. | 27,300 | 214 | |||||||
Nachi-Fujikoshi Corp. | 7,400 | 214 | |||||||
Maruwa Unyu Kikan Co. Ltd. | 7,332 | 214 | |||||||
Kameda Seika Co. Ltd. | 4,449 | 213 | |||||||
Bank of Okinawa Ltd. | 7,180 | 213 | |||||||
Nanto Bank Ltd. | 10,100 | 212 | |||||||
Zojirushi Corp. | 14,500 | 212 | |||||||
Hokkaido Electric Power Co. Inc. | 54,800 | 210 | |||||||
Hanwa Co. Ltd. | 13,200 | 210 | |||||||
eGuarantee Inc. | 11,900 | 209 | |||||||
Funai Soken Holdings Inc. | 9,750 | 208 | |||||||
Japan Aviation Electronics Industry Ltd. | 16,000 | 208 | |||||||
Nichiha Corp. | 11,300 | 206 | |||||||
KAWADA TECHNOLOGIES Inc. | 4,400 | 205 | |||||||
Create SD Holdings Co. Ltd. | 7,200 | 205 | |||||||
Taihei Dengyo Kaisha Ltd. | 10,000 | 205 | |||||||
* | Aiful Corp. | 92,800 | 204 | ||||||
Belc Co. Ltd. | 3,500 | 204 |
55
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Orient Corp. | 178,500 | 204 | |||||||
Central Glass Co. Ltd. | 11,900 | 204 | |||||||
Suruga Bank Ltd. | 58,500 | 203 | |||||||
Sumitomo Mitsui Construction Co. Ltd. | 49,120 | 203 | |||||||
GungHo Online Entertainment Inc. | 13,070 | 203 | |||||||
Nagaileben Co. Ltd. | 8,300 | 202 | |||||||
Shizuoka Gas Co. Ltd. | 22,500 | 202 | |||||||
Yamato Kogyo Co. Ltd. | 10,300 | 202 | |||||||
Noevir Holdings Co. Ltd. | 4,300 | 201 | |||||||
Ryosan Co. Ltd. | 9,200 | 201 | |||||||
Juroku Bank Ltd. | 11,400 | 200 | |||||||
Japan Petroleum Exploration Co. Ltd. | 11,600 | 199 | |||||||
Toho Bank Ltd. | 85,400 | 199 | |||||||
Tokai Rika Co. Ltd. | 15,600 | 199 | |||||||
Toridoll Holdings Corp. | 17,400 | 199 | |||||||
FCC Co. Ltd. | 13,900 | 198 | |||||||
Kadokawa Corp. | 13,736 | 197 | |||||||
Argo Graphics Inc. | 6,300 | 197 | |||||||
Axial Retailing Inc. | 5,199 | 197 | |||||||
Mitsubishi Logisnext Co. Ltd. | 21,200 | 197 | |||||||
Ohsho Food Service Corp. | 3,700 | 197 | |||||||
Tokyo Steel Manufacturing Co. Ltd. | 30,900 | 197 | |||||||
Komeri Co. Ltd. | 10,100 | 196 | |||||||
Nippon Soda Co. Ltd. | 7,600 | 195 | |||||||
ASKUL Corp. | 6,800 | 194 | |||||||
Digital Arts Inc. | 3,200 | 193 | |||||||
Kyoritsu Maintenance Co. Ltd. | 7,972 | 192 | |||||||
Nissan Shatai Co. Ltd. | 24,000 | 192 | |||||||
Eizo Corp. | 6,400 | 192 | |||||||
Starts Corp. Inc. | 9,900 | 192 | |||||||
Ichibanya Co. Ltd. | 4,600 | 191 | |||||||
Shoei Co. Ltd. | 10,000 | 190 | |||||||
Kansai Mirai Financial Group Inc. | 56,538 | 190 | |||||||
Gunze Ltd. | 5,600 | 190 | |||||||
Meidensha Corp. | 12,200 | 189 | |||||||
Nojima Corp. | 10,900 | 189 | |||||||
Resorttrust Inc. | 18,400 | 189 | |||||||
Exedy Corp. | 11,700 | 189 | |||||||
Makino Milling Machine Co. Ltd. | 6,600 | 188 | |||||||
Atom Corp. | 23,949 | 187 | |||||||
Ehime Bank Ltd. | 18,400 | 187 | |||||||
Tri Chemical Laboratories Inc. | 2,092 | 186 | |||||||
Hyakugo Bank Ltd. | 64,000 | 186 | |||||||
Nippon Seiki Co. Ltd. | 17,200 | 185 | |||||||
Solasto Corp. | 18,000 | 183 | |||||||
Eiken Chemical Co. Ltd. | 10,500 | 183 | |||||||
* | RENOVA Inc. | 18,200 | 183 | ||||||
Daihen Corp. | 6,400 | 182 | |||||||
BML Inc. | 7,100 | 182 | |||||||
Hitachi Zosen Corp. | 55,000 | 182 | |||||||
Fuji Kyuko Co. Ltd. | 6,300 | 182 | |||||||
Strike Co. Ltd. | 4,443 | 180 | |||||||
Kitz Corp. | 29,200 | 179 | |||||||
Torii Pharmaceutical Co. Ltd. | 6,500 | 179 | |||||||
Infocom Corp. | 7,459 | 179 | |||||||
Information Services International-Dentsu Ltd. | 4,200 | 178 | |||||||
Keiyo Bank Ltd. | 36,500 | 178 | |||||||
Fujimi Inc. | 6,400 | 178 | |||||||
Yokogawa Bridge Holdings Corp. | 10,100 | 177 | |||||||
Prima Meat Packers Ltd. | 7,800 | 177 | |||||||
Mitsubishi Pencil Co. Ltd. | 14,100 | 176 | |||||||
Transcosmos Inc. | 8,800 | 176 | |||||||
Raito Kogyo Co. Ltd. | 14,100 | 175 | |||||||
Sekisui Jushi Corp. | 8,600 | 175 |
56
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Shima Seiki Manufacturing Ltd. | 11,600 | 175 | |||||||
Kohnan Shoji Co. Ltd. | 7,500 | 174 | |||||||
* | Descente Ltd. | 13,000 | 173 | ||||||
Kanamoto Co. Ltd. | 8,900 | 173 | |||||||
SKY Perfect JSAT Holdings Inc. | 45,600 | 171 | |||||||
Vital KSK Holdings Inc. | 16,900 | 171 | |||||||
Sanken Electric Co. Ltd. | 8,200 | 171 | |||||||
Sanyo Shokai Ltd. | 20,400 | 170 | |||||||
Chudenko Corp. | 8,400 | 170 | |||||||
Ai Holdings Corp. | 13,700 | 169 | |||||||
Okamura Corp. | 23,400 | 169 | |||||||
Kintetsu World Express Inc. | 11,600 | 169 | |||||||
Seiren Co. Ltd. | 14,200 | 168 | |||||||
* | Leopalace21 Corp. | 75,300 | 167 | ||||||
Towa Pharmaceutical Co. Ltd. | 8,100 | 167 | |||||||
Sanyo Denki Co. Ltd. | 3,800 | 167 | |||||||
Aeon Delight Co. Ltd. | 5,800 | 166 | |||||||
Trancom Co. Ltd. | 2,500 | 166 | |||||||
ARTERIA Networks Corp. | 8,300 | 165 | |||||||
* | Optim Corp. | 8,298 | 164 | ||||||
Yuasa Trading Co. Ltd. | 6,100 | 164 | |||||||
Heiwado Co. Ltd. | 9,600 | 164 | |||||||
Royal Holdings Co. Ltd. | 9,900 | 163 | |||||||
Ichigo Inc. | 63,600 | 163 | |||||||
NichiiGakkan Co. Ltd. | 16,200 | 163 | |||||||
Iriso Electronics Co. Ltd. | 5,800 | 162 | |||||||
Nikkiso Co. Ltd. | 20,700 | 161 | |||||||
KOMEDA Holdings Co. Ltd. | 10,600 | 161 | |||||||
Teikoku Sen-I Co. Ltd. | 7,900 | 161 | |||||||
Giken Ltd. | 4,400 | 161 | |||||||
Rorze Corp. | 3,900 | 160 | |||||||
Tokai Corp. | 6,200 | 160 | |||||||
Sakata INX Corp. | 17,900 | 160 | |||||||
UACJ Corp. | 9,800 | 160 | |||||||
Japan Wool Textile Co. Ltd. | 18,200 | 160 | |||||||
Noritz Corp. | 14,300 | 159 | |||||||
KFC Holdings Japan Ltd. | 6,600 | 159 | |||||||
T-Gaia Corp. | 8,000 | 159 | |||||||
^ | Kura Sushi Inc. | 4,100 | 159 | ||||||
Fukushima Galilei Co. Ltd. | 5,400 | 159 | |||||||
United Super Markets Holdings Inc. | 16,160 | 159 | |||||||
Okasan Securities Group Inc. | 52,400 | 158 | |||||||
S Foods Inc. | 7,500 | 158 | |||||||
Tokyotokeiba Co. Ltd. | 4,800 | 158 | |||||||
Sakai Moving Service Co. Ltd. | 3,000 | 158 | |||||||
Create Restaurants Holdings Inc. | 28,600 | 158 | |||||||
Comture Corp. | 7,800 | 157 | |||||||
Saizeriya Co. Ltd. | 7,900 | 157 | |||||||
^ | Miroku Jyoho Service Co. Ltd. | 6,200 | 156 | ||||||
Sato Holdings Corp. | 7,600 | 156 | |||||||
Chugoku Marine Paints Ltd. | 20,400 | 156 | |||||||
Optex Group Co. Ltd. | 13,600 | 155 | |||||||
Tsurumi Manufacturing Co. Ltd. | 8,800 | 154 | |||||||
Hokuetsu Corp. | 38,700 | 153 | |||||||
Nippon Signal Company Ltd. | 16,400 | 152 | |||||||
Teikoku Electric Manufacturing Co. Ltd. | 12,400 | 152 | |||||||
Tamura Corp. | 37,000 | 152 | |||||||
Zuken Inc. | 6,700 | 151 | |||||||
Tokushu Tokai Paper Co. Ltd. | 4,000 | 151 | |||||||
TOMONY Holdings Inc. | 44,900 | 150 | |||||||
Topre Corp. | 13,000 | 150 | |||||||
Tsukishima Kikai Co. Ltd. | 13,300 | 150 | |||||||
Round One Corp. | 18,200 | 149 | |||||||
Outsourcing Inc. | 31,500 | 149 |
57
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Wacom Co. Ltd. | 42,600 | 148 | |||||||
Shibuya Corp. | 6,000 | 148 | |||||||
eRex Co. Ltd. | 10,600 | 148 | |||||||
HIS Co. Ltd. | 11,200 | 147 | |||||||
S-Pool Inc. | 21,565 | 147 | |||||||
Adastria Co. Ltd. | 10,640 | 147 | |||||||
Idec Corp. | 10,000 | 146 | |||||||
^ | DyDo Group Holdings Inc. | 3,700 | 146 | ||||||
Japan Pulp & Paper Co. Ltd. | 4,400 | 146 | |||||||
Yellow Hat Ltd. | 10,500 | 146 | |||||||
Sinfonia Technology Co. Ltd. | 15,400 | 146 | |||||||
Shibaura Machine Co. Ltd. | 7,400 | 146 | |||||||
Nitta Corp. | 8,100 | 145 | |||||||
Nippon Steel Trading Corp. | 4,600 | 145 | |||||||
Hamakyorex Co. Ltd. | 5,300 | 145 | |||||||
Relia Inc. | 13,700 | 144 | |||||||
Kurabo Industries Ltd. | 6,300 | 144 | |||||||
Tokyo Broadcasting System Holdings Inc. | 9,300 | 144 | |||||||
Tokyu Construction Co. Ltd. | 27,800 | 144 | |||||||
Yodogawa Steel Works Ltd. | 9,100 | 143 | |||||||
Musashi Seimitsu Industry Co. Ltd. | 17,600 | 142 | |||||||
^ | COLOPL Inc. | 17,400 | 142 | ||||||
Fuso Chemical Co. Ltd. | 4,800 | 142 | |||||||
Nissin Electric Co. Ltd. | 15,300 | 142 | |||||||
Daiichi Jitsugyo Co. Ltd. | 4,200 | 142 | |||||||
JCU Corp. | 6,000 | 140 | |||||||
Doutor Nichires Holdings Co. Ltd. | 9,200 | 139 | |||||||
Mizuno Corp. | 8,000 | 139 | |||||||
Nippon Road Co. Ltd. | 2,300 | 139 | |||||||
* | euglena Co. Ltd. | 24,300 | 138 | ||||||
Aichi Bank Ltd. | 4,700 | 137 | |||||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 6,500 | 137 | |||||||
Uchida Yoko Co. Ltd. | 3,100 | 136 | |||||||
^,* | I’ll Inc. | 8,400 | 136 | ||||||
Plenus Co. Ltd. | 8,300 | 136 | |||||||
Kaga Electronics Co. Ltd. | 7,500 | 136 | |||||||
Yokowo Co. Ltd. | 5,995 | 135 | |||||||
North Pacific Bank Ltd. | 75,300 | 135 | |||||||
Senshu Ikeda Holdings Inc. | 86,400 | 135 | |||||||
Ringer Hut Co. Ltd. | 6,700 | 134 | |||||||
Toyo Construction Co. Ltd. | 33,600 | 134 | |||||||
SB Technology Corp. | 5,400 | 134 | |||||||
Sanyo Chemical Industries Ltd. | 3,400 | 134 | |||||||
Shinko Shoji Co. Ltd. | 16,600 | 134 | |||||||
Tokai Tokyo Financial Holdings Inc. | 62,800 | 133 | |||||||
Fujicco Co. Ltd. | 7,400 | 133 | |||||||
Monogatari Corp. | 2,236 | 133 | |||||||
Hokuto Corp. | 7,400 | 133 | |||||||
Osaka Soda Co. Ltd. | 5,800 | 132 | |||||||
Takeuchi Manufacturing Co. Ltd. | 9,200 | 132 | |||||||
IR Japan Holdings Ltd. | 2,200 | 132 | |||||||
* | Mitsui E&S Holdings Co. Ltd. | 23,300 | 132 | ||||||
Taki Chemical Co. Ltd. | 2,700 | 132 | |||||||
Kisoji Co. Ltd. | 6,000 | 132 | |||||||
Shimizu Bank Ltd. | 7,800 | 132 | |||||||
Chukyo Bank Ltd. | 6,700 | 131 | |||||||
Nichicon Corp. | 19,800 | 130 | |||||||
^,* | Token Corp. | 1,900 | 130 | ||||||
Bell System24 Holdings Inc. | 11,000 | 130 | |||||||
Tsugami Corp. | 15,000 | 130 | |||||||
Piolax Inc. | 8,700 | 130 | |||||||
Nippon Carbon Co. Ltd. | 4,200 | 129 | |||||||
Inabata & Co. Ltd. | 11,600 | 129 | |||||||
Hirata Corp. | 2,680 | 129 |
58
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Japan Securities Finance Co. Ltd. | 27,300 | 128 | |||||||
Yondoshi Holdings Inc. | 7,900 | 128 | |||||||
Pressance Corp. | 12,500 | 128 | |||||||
Cybozu Inc. | 6,600 | 128 | |||||||
Yokohama Reito Co. Ltd. | 15,100 | 127 | |||||||
Maeda Kosen Co. Ltd. | 6,600 | 127 | |||||||
METAWATER Co. Ltd. | 3,200 | 127 | |||||||
Musashino Bank Ltd. | 10,100 | 127 | |||||||
Riken Keiki Co. Ltd. | 6,600 | 127 | |||||||
Aida Engineering Ltd. | 18,500 | 127 | |||||||
Mitsubishi Shokuhin Co. Ltd. | 5,000 | 126 | |||||||
^,* | BrainPad Inc. | 2,570 | 126 | ||||||
Daiho Corp. | 6,000 | 126 | |||||||
Shin-Etsu Polymer Co. Ltd. | 16,100 | 126 | |||||||
ASKA Pharmaceutical Co. Ltd. | 12,100 | 125 | |||||||
Miyazaki Bank Ltd. | 5,800 | 125 | |||||||
Mitsuuroko Group Holdings Co. Ltd. | 12,100 | 125 | |||||||
SAMTY Co. Ltd. | 9,600 | 124 | |||||||
Restar Holdings Corp. | 7,700 | 124 | |||||||
Marudai Food Co. Ltd. | 6,800 | 124 | |||||||
Shoei Foods Corp. | 3,400 | 124 | |||||||
Fujimori Kogyo Co. Ltd. | 4,200 | 124 | |||||||
Wakita & Co. Ltd. | 13,400 | 123 | |||||||
Fuji Media Holdings Inc. | 12,400 | 123 | |||||||
Hosiden Corp. | 14,400 | 123 | |||||||
Seiko Holdings Corp. | 7,400 | 123 | |||||||
Keihanshin Building Co. Ltd. | 9,500 | 123 | |||||||
* | M&A Capital Partners Co. Ltd. | 4,400 | 122 | ||||||
Oiles Corp. | 9,460 | 122 | |||||||
^ | Broadleaf Co. Ltd. | 26,400 | 122 | ||||||
Taiko Pharmaceutical Co. Ltd. | 7,957 | 122 | |||||||
Seikagaku Corp. | 12,300 | 122 | |||||||
Geo Holdings Corp. | 9,300 | 122 | |||||||
Nippon Kanzai Co. Ltd. | 7,100 | 121 | |||||||
Nishimatsuya Chain Co. Ltd. | 15,200 | 120 | |||||||
Joshin Denki Co. Ltd. | 6,200 | 120 | |||||||
ESPEC Corp. | 7,500 | 120 | |||||||
Aoyama Trading Co. Ltd. | 14,200 | 120 | |||||||
Sanshin Electronics Co. Ltd. | 8,600 | 120 | |||||||
Okuwa Co. Ltd. | 8,800 | 120 | |||||||
Nitto Kogyo Corp. | 7,100 | 120 | |||||||
Bank of Iwate Ltd. | 5,100 | 119 | |||||||
* | KYB Corp. | 5,900 | 119 | ||||||
United Arrows Ltd. | 7,600 | 118 | |||||||
Daito Pharmaceutical Co. Ltd. | 3,500 | 118 | |||||||
EPS Holdings Inc. | 11,300 | 118 | |||||||
Konoike Transport Co. Ltd. | 10,900 | 118 | |||||||
Dip Corp. | 5,500 | 117 | |||||||
Maruzen Showa Unyu Co. Ltd. | 5,000 | 117 | |||||||
Fukui Bank Ltd. | 8,000 | 117 | |||||||
Ricoh Leasing Co. Ltd. | 4,400 | 117 | |||||||
Pacific Industrial Co. Ltd. | 13,800 | 117 | |||||||
Kappa Create Co. Ltd. | 9,500 | 117 | |||||||
Unipres Corp. | 13,300 | 117 | |||||||
T Hasegawa Co. Ltd. | 5,800 | 116 | |||||||
Chofu Seisakusho Co. Ltd. | 5,300 | 116 | |||||||
Nippon Yakin Kogyo Co. Ltd. | 7,549 | 116 | |||||||
Bank of the Ryukyus Ltd. | 12,400 | 116 | |||||||
Bunka Shutter Co. Ltd. | 15,800 | 115 | |||||||
Toppan Forms Co. Ltd. | 13,100 | 115 | |||||||
Noritake Co. Ltd. | 3,500 | 115 | |||||||
Gree Inc. | 29,100 | 114 | |||||||
France Bed Holdings Co. Ltd. | 14,000 | 114 | |||||||
Pack Corp. | 3,600 | 114 |
59
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Future Corp. | 8,600 | 114 | |||||||
Computer Engineering & Consulting Ltd. | 7,426 | 114 | |||||||
Itochu Enex Co. Ltd. | 15,300 | 114 | |||||||
Monex Group Inc. | 57,900 | 113 | |||||||
Goldcrest Co. Ltd. | 7,500 | 113 | |||||||
Nagatanien Holdings Co. Ltd. | 5,500 | 113 | |||||||
* | Intage Holdings Inc. | 15,800 | 113 | ||||||
Shikoku Chemicals Corp. | 11,100 | 113 | |||||||
Dai-Dan Co. Ltd. | 4,500 | 113 | |||||||
Mars Group Holdings Corp. | 7,200 | 112 | |||||||
Key Coffee Inc. | 5,400 | 112 | |||||||
Tamron Co. Ltd. | 6,700 | 111 | |||||||
Optorun Co. Ltd. | 4,100 | 111 | |||||||
TPR Co. Ltd. | 9,500 | 111 | |||||||
Kyokuto Kaihatsu Kogyo Co. Ltd. | 9,500 | 111 | |||||||
Modec Inc. | 7,800 | 111 | |||||||
Starzen Co. Ltd. | 2,700 | 110 | |||||||
Sintokogio Ltd. | 15,900 | 110 | |||||||
Avex Inc. | 14,500 | 110 | |||||||
Riken Vitamin Co. Ltd. | 5,700 | 110 | |||||||
Pacific Metals Co. Ltd. | 7,100 | 109 | |||||||
Toenec Corp. | 3,600 | 109 | |||||||
^ | Kitanotatsujin Corp. | 22,900 | 109 | ||||||
Nippon Koei Co. Ltd. | 3,800 | 109 | |||||||
* | Change Inc. | 2,800 | 108 | ||||||
Furukawa Co. Ltd. | 10,600 | 108 | |||||||
Hioki EE Corp. | 3,800 | 108 | |||||||
San ju San Financial Group Inc. | 7,580 | 108 | |||||||
JM Holdings Co. Ltd. | 4,400 | 108 | |||||||
Nishio Rent All Co. Ltd. | 5,200 | 107 | |||||||
Daibiru Corp. | 11,700 | 107 | |||||||
J-Oil Mills Inc. | 2,800 | 107 | |||||||
Daiwa Industries Ltd. | 12,400 | 106 | |||||||
Onward Holdings Co. Ltd. | 34,000 | 106 | |||||||
Anest Iwata Corp. | 13,700 | 106 | |||||||
Tayca Corp. | 7,561 | 106 | |||||||
Tenma Corp. | 7,300 | 105 | |||||||
Press Kogyo Co. Ltd. | 42,700 | 105 | |||||||
Jimoto Holdings Inc. | 117,500 | 105 | |||||||
Rheon Automatic Machinery Co. Ltd. | 9,280 | 105 | |||||||
Riso Kagaku Corp. | 7,800 | 105 | |||||||
Doshisha Co. Ltd. | 8,500 | 105 | |||||||
Tsukui Corp. | 25,500 | 104 | |||||||
Zenrin Co. Ltd. | 9,850 | 104 | |||||||
Fuji Co. Ltd. | 6,500 | 104 | |||||||
* | Nippon Sheet Glass Co. Ltd. | 32,774 | 104 | ||||||
Shimojima Co. Ltd. | 9,000 | 104 | |||||||
Aruhi Corp. | 8,956 | 104 | |||||||
Towa Corp. | 11,951 | 103 | |||||||
Alconix Corp. | 10,019 | 103 | |||||||
^,* | Chiyoda Corp. | 45,400 | 102 | ||||||
FULLCAST Holdings Co. Ltd. | 8,066 | 102 | |||||||
Matsuda Sangyo Co. Ltd. | 8,300 | 102 | |||||||
Denki Kogyo Co. Ltd. | 4,400 | 102 | |||||||
Maezawa Kyuso Industries Co. Ltd. | 5,500 | 101 | |||||||
Okabe Co. Ltd. | 14,400 | 101 | |||||||
Nohmi Bosai Ltd. | 5,000 | 101 | |||||||
Tachi-S Co. Ltd. | 11,500 | 101 | |||||||
LIXIL VIVA Corp. | 5,900 | 100 | |||||||
Kyodo Printing Co. Ltd. | 3,900 | 100 | |||||||
Maxell Holdings Ltd. | 10,900 | 100 | |||||||
Sanyo Electric Railway Co. Ltd. | 5,081 | 100 | |||||||
Mitsui Sugar Co. Ltd. | 5,000 | 100 | |||||||
Tanseisha Co. Ltd. | 15,500 | 99 |
60
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Star Micronics Co. Ltd. | 9,000 | 99 | |||||||
LEC Inc. | 9,000 | 99 | |||||||
Tosei Corp. | 10,200 | 99 | |||||||
Fujibo Holdings Inc. | 3,700 | 99 | |||||||
Kita-Nippon Bank Ltd. | 5,500 | 99 | |||||||
Gakken Holdings Co. Ltd. | 6,000 | 99 | |||||||
ValueCommerce Co. Ltd. | 4,800 | 98 | |||||||
Yorozu Corp. | 9,300 | 98 | |||||||
PAL GROUP Holdings Co. Ltd. | 8,400 | 98 | |||||||
Katakura Industries Co. Ltd. | 10,200 | 98 | |||||||
Nippon Ceramic Co. Ltd. | 5,300 | 98 | |||||||
Megachips Corp. | 6,500 | 98 | |||||||
Oita Bank Ltd. | 4,900 | 98 | |||||||
SWCC Showa Holdings Co. Ltd. | 9,500 | 97 | |||||||
Dexerials Corp. | 14,800 | 97 | |||||||
Ines Corp. | 7,400 | 97 | |||||||
^ | Rock Field Co. Ltd. | 8,000 | 97 | ||||||
Ryobi Ltd. | 8,200 | 97 | |||||||
Ryoyo Electro Corp. | 4,300 | 97 | |||||||
TV Asahi Holdings Corp. | 6,500 | 96 | |||||||
Valqua Ltd. | 5,800 | 96 | |||||||
Denyo Co. Ltd. | 5,100 | 96 | |||||||
Organo Corp. | 1,800 | 96 | |||||||
Kanto Denka Kogyo Co. Ltd. | 12,000 | 95 | |||||||
Maezawa Kasei Industries Co. Ltd. | 9,500 | 95 | |||||||
Nippon Television Holdings Inc. | 8,500 | 95 | |||||||
Cawachi Ltd. | 4,000 | 95 | |||||||
Fuso Pharmaceutical Industries Ltd. | 4,700 | 94 | |||||||
Siix Corp. | 11,600 | 94 | |||||||
Zuiko Corp. | 2,300 | 94 | |||||||
Godo Steel Ltd. | 5,000 | 94 | |||||||
Yamanashi Chuo Bank Ltd. | 12,600 | 94 | |||||||
Space Value Holdings Co. Ltd. | 29,300 | 92 | |||||||
Nippon Beet Sugar Manufacturing Co. Ltd. | 5,900 | 92 | |||||||
Mitsui-Soko Holdings Co. Ltd. | 6,800 | 92 | |||||||
Kenko Mayonnaise Co. Ltd. | 5,000 | 92 | |||||||
* | Nippon Denko Co. Ltd. | 66,600 | 92 | ||||||
Konishi Co. Ltd. | 7,000 | 92 | |||||||
Meisei Industrial Co. Ltd. | 12,500 | 91 | |||||||
Mitsui High-Tec Inc. | 8,100 | 91 | |||||||
Obara Group Inc. | 3,500 | 91 | |||||||
MCJ Co. Ltd. | 13,600 | 90 | |||||||
V Technology Co. Ltd. | 2,600 | 90 | |||||||
Fujikura Kasei Co. Ltd. | 19,400 | 89 | |||||||
Mitsuboshi Belting Ltd. | 6,500 | 89 | |||||||
Studio Alice Co. Ltd. | 6,600 | 89 | |||||||
Hisaka Works Ltd. | 12,900 | 88 | |||||||
Aichi Steel Corp. | 3,300 | 88 | |||||||
Itochu-Shokuhin Co. Ltd. | 2,000 | 88 | |||||||
FIDEA Holdings Co. Ltd. | 87,900 | 88 | |||||||
Arcland Sakamoto Co. Ltd. | 9,200 | 88 | |||||||
Arakawa Chemical Industries Ltd. | 7,400 | 88 | |||||||
Noritsu Koki Co. Ltd. | 7,600 | 88 | |||||||
Hibiya Engineering Ltd. | 5,100 | 88 | |||||||
Inageya Co. Ltd. | 5,447 | 87 | |||||||
Riso Kyoiku Co. Ltd. | 36,600 | 87 | |||||||
Daido Metal Co. Ltd. | 17,300 | 86 | |||||||
Sodick Co. Ltd. | 12,500 | 86 | |||||||
SRA Holdings | 4,300 | 86 | |||||||
Central Security Patrols Co. Ltd. | 2,119 | 86 | |||||||
Komori Corp. | 12,200 | 86 | |||||||
Riken Corp. | 3,200 | 85 | |||||||
K&O Energy Group Inc. | 5,800 | 85 | |||||||
Takara Leben Co. Ltd. | 26,000 | 85 |
61
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Poletowin Pitcrew Holdings Inc. | 10,300 | 85 | |||||||
Kanematsu Electronics Ltd. | 2,500 | 85 | |||||||
TOC Co. Ltd. | 13,600 | 84 | |||||||
^ | Nextage Co. Ltd. | 12,500 | 84 | ||||||
Tachibana Eletech Co. Ltd. | 6,100 | 84 | |||||||
Kyokuyo Co. Ltd. | 3,500 | 84 | |||||||
Mimasu Semiconductor Industry Co. Ltd. | 4,300 | 83 | |||||||
Takasago International Corp. | 3,900 | 83 | |||||||
Yamagata Bank Ltd. | 7,000 | 83 | |||||||
Toyo Tanso Co. Ltd. | 6,000 | 82 | |||||||
Sumitomo Seika Chemicals Co. Ltd. | 3,000 | 82 | |||||||
Rokko Butter Co. Ltd. | 6,200 | 82 | |||||||
Advan Co. Ltd. | 8,200 | 82 | |||||||
Nichiden Corp. | 4,300 | 82 | |||||||
Nissha Co. Ltd. | 11,100 | 81 | |||||||
EM Systems Co. Ltd. | 11,000 | 81 | |||||||
Fujiya Co. Ltd. | 4,300 | 81 | |||||||
YAMABIKO Corp. | 10,400 | 80 | |||||||
Taisei Lamick Co. Ltd. | 3,300 | 80 | |||||||
Sinko Industries Ltd. | 6,159 | 80 | |||||||
TechMatrix Corp. | 3,200 | 80 | |||||||
Sanei Architecture Planning Co. Ltd. | 7,200 | 80 | |||||||
Futaba Industrial Co. Ltd. | 16,800 | 80 | |||||||
* | Raksul Inc. | 3,500 | 80 | ||||||
^,* | Japan Display Inc. | 196,500 | 79 | ||||||
Iino Kaiun Kaisha Ltd. | 26,500 | 79 | |||||||
Tonami Holdings Co. Ltd. | 1,600 | 79 | |||||||
Bank of Saga Ltd. | 7,600 | 79 | |||||||
Roland DG Corp. | 6,400 | 79 | |||||||
Nitto Kohki Co. Ltd. | 4,500 | 78 | |||||||
Futaba Corp. | 8,400 | 78 | |||||||
Bando Chemical Industries Ltd. | 13,100 | 78 | |||||||
Hokkan Holdings Ltd. | 5,500 | 78 | |||||||
Hodogaya Chemical Co. Ltd. | 2,400 | 78 | |||||||
* | COOKPAD Inc. | 25,400 | 77 | ||||||
Tekken Corp. | 3,900 | 77 | |||||||
^ | Yamashin-Filter Corp. | 9,851 | 77 | ||||||
Nichiban Co. Ltd. | 5,500 | 77 | |||||||
Financial Products Group Co. Ltd. | 16,200 | 77 | |||||||
Shin Nippon Air Technologies Co. Ltd. | 3,700 | 77 | |||||||
G-Tekt Corp. | 7,500 | 77 | |||||||
Matsuya Co. Ltd. | 13,300 | 77 | |||||||
Icom Inc. | 3,100 | 76 | |||||||
Hoosiers Holdings | 13,500 | 76 | |||||||
Fujio Food System Co. Ltd. | 6,200 | 76 | |||||||
Tokyo Kiraboshi Financial Group Inc. | 7,749 | 75 | |||||||
Achilles Corp. | 5,100 | 75 | |||||||
Kanagawa Chuo Kotsu Co. Ltd. | 2,000 | 75 | |||||||
Ichikoh Industries Ltd. | 17,000 | 75 | |||||||
TSI Holdings Co. Ltd. | 19,400 | 75 | |||||||
Komatsu Matere Co. Ltd. | 10,700 | 75 | |||||||
Mitsubishi Research Institute Inc. | 2,200 | 75 | |||||||
^ | Sagami Holdings Corp. | 6,500 | 75 | ||||||
SBS Holdings Inc. | 4,400 | 74 | |||||||
Sakai Chemical Industry Co. Ltd. | 4,400 | 74 | |||||||
Kyoei Steel Ltd. | 5,800 | 74 | |||||||
Kamei Corp. | 7,500 | 73 | |||||||
Paris Miki Holdings Inc. | 29,600 | 73 | |||||||
Elan Corp. | 4,600 | 73 | |||||||
Dai Nippon Toryo Co. Ltd. | 8,500 | 73 | |||||||
Toa Corp. | 5,500 | 72 | |||||||
Sourcenext Corp. | 24,700 | 72 | |||||||
ES-Con Japan Ltd. | 10,700 | 72 | |||||||
Nippon Prologis REIT Inc. | 26 | 72 |
62
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Corona Corp. Class A | 8,100 | 72 | |||||||
Kyosan Electric Manufacturing Co. Ltd. | 15,000 | 71 | |||||||
Osaka Steel Co. Ltd. | 6,500 | 71 | |||||||
YAKUODO Holdings Co. Ltd. | 3,000 | 71 | |||||||
Mie Kotsu Group Holdings Inc. | 15,900 | 71 | |||||||
Sumitomo Densetsu Co. Ltd. | 3,400 | 71 | |||||||
Toa Corp. (XTKS) | 10,600 | 70 | |||||||
Kanaden Corp. | 6,100 | 70 | |||||||
Media Do Holdings Co. Ltd. | 1,830 | 70 | |||||||
Kitano Construction Corp. | 2,900 | 70 | |||||||
Japan Transcity Corp. | 15,200 | 69 | |||||||
Shibusawa Warehouse Co. Ltd. | 3,300 | 69 | |||||||
Nihon Nohyaku Co. Ltd. | 17,100 | 68 | |||||||
Akita Bank Ltd. | 5,100 | 68 | |||||||
NS United Kaiun Kaisha Ltd. | 5,100 | 68 | |||||||
^ | PIA Corp. | 2,500 | 68 | ||||||
Sankyo Tateyama Inc. | 8,200 | 68 | |||||||
Shikoku Bank Ltd. | 8,700 | 68 | |||||||
Sun Frontier Fudousan Co. Ltd. | 8,500 | 68 | |||||||
OSJB Holdings Corp. | 31,300 | 67 | |||||||
Enplas Corp. | 3,200 | 67 | |||||||
JVCKenwood Corp. | 42,200 | 67 | |||||||
Krosaki Harima Corp. | 1,900 | 67 | |||||||
Tv Tokyo Holdings Corp. | 3,000 | 67 | |||||||
* | Curves Holdings Co. Ltd. | 13,904 | 67 | ||||||
Pasona Group Inc. | 6,700 | 67 | |||||||
Fixstars Corp. | 6,600 | 66 | |||||||
OPT Holding Inc. | 4,895 | 66 | |||||||
Takamatsu Construction Group Co. Ltd. | 3,200 | 66 | |||||||
Hochiki Corp. | 5,000 | 66 | |||||||
GCA Corp. | 10,800 | 65 | |||||||
Kurimoto Ltd. | 3,900 | 65 | |||||||
World Co. Ltd. | 5,500 | 65 | |||||||
LIFULL Co. Ltd. | 21,100 | 64 | |||||||
Moriroku Holdings Co. Ltd. | 4,700 | 64 | |||||||
* | Vision Inc. | 9,300 | 64 | ||||||
Toyo Kanetsu KK | 3,600 | 64 | |||||||
Hosokawa Micron Corp. | 1,400 | 64 | |||||||
Daikyonishikawa Corp. | 12,800 | 63 | |||||||
Canon Electronics Inc. | 4,300 | 63 | |||||||
Kojima Co. Ltd. | 17,300 | 63 | |||||||
Neturen Co. Ltd. | 11,600 | 63 | |||||||
Toyo Corp. | 6,600 | 63 | |||||||
Osaki Electric Co. Ltd. | 13,000 | 62 | |||||||
Ishihara Sangyo Kaisha Ltd. | 10,500 | 62 | |||||||
Amuse Inc. | 3,000 | 62 | |||||||
Riken Technos Corp. | 15,200 | 62 | |||||||
Eagle Industry Co. Ltd. | 9,900 | 62 | |||||||
Genky DrugStores Co. Ltd. | 2,700 | 62 | |||||||
Sinanen Holdings Co. Ltd. | 2,400 | 61 | |||||||
Insource Co. Ltd. | 2,800 | 61 | |||||||
Marusan Securities Co. Ltd. | 16,100 | 61 | |||||||
Xebio Holdings Co. Ltd. | 7,400 | 61 | |||||||
Matsuyafoods Holdings Co. Ltd. | 1,700 | 61 | |||||||
Meiko Network Japan Co. Ltd. | 8,400 | 61 | |||||||
Foster Electric Co. Ltd. | 5,600 | 61 | |||||||
Keiyo Co. Ltd. | 11,400 | 61 | |||||||
Kamakura Shinsho Ltd. | 6,100 | 61 | |||||||
Yahagi Construction Co. Ltd. | 8,200 | 61 | |||||||
Daiwa House REIT Investment Corp. | 25 | 60 | |||||||
Koshidaka Holdings Co. Ltd. | 13,904 | 60 | |||||||
Nihon Tokushu Toryo Co. Ltd. | 7,500 | 60 | |||||||
Qol Holdings Co. Ltd. | 5,400 | 60 | |||||||
Shinwa Co. Ltd. | 3,600 | 60 |
63
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Atrae Inc. | 2,500 | 59 | ||||||
JDC Corp. | 12,200 | 59 | |||||||
Sanyo Special Steel Co. Ltd. | 6,800 | 59 | |||||||
* | RPA Holdings Inc. | 8,948 | 59 | ||||||
Feed One Co. Ltd. | 37,900 | 59 | |||||||
Fukui Computer Holdings Inc. | 2,200 | 59 | |||||||
Fujitsu Frontech Ltd. | 5,900 | 59 | |||||||
Alpha Systems Inc. | 2,000 | 59 | |||||||
Juki Corp. | 10,700 | 59 | |||||||
Chiyoda Integre Co. Ltd. | 3,600 | 59 | |||||||
Topy Industries Ltd. | 5,000 | 58 | |||||||
Nissin Sugar Co. Ltd. | 3,300 | 58 | |||||||
Towa Bank Ltd. | 9,400 | 58 | |||||||
Weathernews Inc. | 1,700 | 58 | |||||||
VT Holdings Co. Ltd. | 21,100 | 58 | |||||||
Takamiya Co. Ltd. | 14,800 | 58 | |||||||
Japan Medical Dynamic Marketing Inc. | 3,957 | 58 | |||||||
FAN Communications Inc. | 13,700 | 58 | |||||||
Mitsui Matsushima Holdings Co. Ltd. | 7,400 | 57 | |||||||
IDOM Inc. | 14,300 | 57 | |||||||
Sparx Group Co. Ltd. | 35,700 | 57 | |||||||
Kourakuen Holdings Corp. | 4,200 | 57 | |||||||
Stella Chemifa Corp. | 2,600 | 57 | |||||||
G-7 Holdings Inc. | 2,600 | 56 | |||||||
Macromill Inc. | 8,900 | 56 | |||||||
ST Corp. | 4,000 | 56 | |||||||
Oyo Corp. | 4,800 | 56 | |||||||
Fuji Pharma Co. Ltd. | 5,200 | 56 | |||||||
Asahi Diamond Industrial Co. Ltd. | 12,600 | 56 | |||||||
Nissin Corp. | 3,800 | 56 | |||||||
Sanoh Industrial Co. Ltd. | 8,600 | 56 | |||||||
Belluna Co. Ltd. | 11,900 | 56 | |||||||
Chiyoda Co. Ltd. | 5,800 | 56 | |||||||
Shindengen Electric Manufacturing Co. Ltd. | 2,400 | 55 | |||||||
Sac’s Bar Holdings Inc. | 10,700 | 55 | |||||||
* | FDK Corp. | 11,600 | 55 | ||||||
Kansai Super Market Ltd. | 5,200 | 55 | |||||||
CI Takiron Corp. | 10,000 | 54 | |||||||
Yushin Precision Equipment Co. Ltd. | 8,800 | 54 | |||||||
* | KLab Inc. | 8,000 | 54 | ||||||
Hokkaido Gas Co. Ltd. | 3,700 | 54 | |||||||
Nissei ASB Machine Co. Ltd. | 2,000 | 54 | |||||||
Daiken Corp. | 3,600 | 54 | |||||||
AOKI Holdings Inc. | 8,800 | 53 | |||||||
Koa Corp. | 6,400 | 53 | |||||||
ASAHI YUKIZAI Corp. | 4,400 | 53 | |||||||
Nippon Parking Development Co. Ltd. | 43,500 | 53 | |||||||
Daisyo Corp. | 4,700 | 52 | |||||||
Warabeya Nichiyo Holdings Co. Ltd. | 3,600 | 52 | |||||||
Nippon Thompson Co. Ltd. | 15,000 | 52 | |||||||
Industrial & Infrastructure Fund Investment Corp. | 37 | 52 | |||||||
Itoki Corp. | 17,000 | 51 | |||||||
Onoken Co. Ltd. | 4,800 | 51 | |||||||
Link And Motivation Inc. | 15,500 | 51 | |||||||
Union Tool Co. | 2,000 | 51 | |||||||
Tokyo Electron Device Ltd. | 2,000 | 51 | |||||||
Halows Co. Ltd. | 1,800 | 50 | |||||||
Hakuto Co. Ltd. | 5,492 | 50 | |||||||
PC Depot Corp. | 9,920 | 50 | |||||||
Sankyo Seiko Co. Ltd. | 11,500 | 50 | |||||||
Kasai Kogyo Co. Ltd. | 10,600 | 49 | |||||||
JAC Recruitment Co. Ltd. | 4,700 | 49 | |||||||
Ohara Inc. | 5,800 | 49 | |||||||
* | Unitika Ltd. | 16,400 | 49 |
64
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
World Holdings Co. Ltd. | 3,700 | 49 | |||||||
Nittetsu Mining Co. Ltd. | 1,200 | 49 | |||||||
Iseki & Co. Ltd. | 4,400 | 48 | |||||||
RS Technologies Co. Ltd. | 2,000 | 48 | |||||||
Koatsu Gas Kogyo Co. Ltd. | 7,000 | 48 | |||||||
Tochigi Bank Ltd. | 33,000 | 48 | |||||||
ZIGExN Co. Ltd. | 16,200 | 47 | |||||||
Elematec Corp. | 6,200 | 47 | |||||||
Torishima Pump Manufacturing Co. Ltd. | 6,900 | 47 | |||||||
Tosho Co. Ltd. | 5,200 | 47 | |||||||
Micronics Japan Co. Ltd. | 5,800 | 46 | |||||||
Fukuda Corp. | 1,200 | 46 | |||||||
Alpen Co. Ltd. | 3,000 | 46 | |||||||
BRONCO BILLY Co. Ltd. | 2,400 | 46 | |||||||
Tsukuba Bank Ltd. | 28,800 | 46 | |||||||
Asahi Co. Ltd. | 3,800 | 46 | |||||||
SMK Corp. | 1,900 | 45 | |||||||
NEC Capital Solutions Ltd. | 2,600 | 45 | |||||||
CAC Holdings Corp. | 4,500 | 45 | |||||||
^ | YA-MAN Ltd. | 7,100 | 45 | ||||||
Tatsuta Electric Wire and Cable Co. Ltd. | 9,200 | 45 | |||||||
CMIC Holdings Co. Ltd. | 3,100 | 45 | |||||||
CONEXIO Corp. | 3,300 | 44 | |||||||
Daikoku Denki Co. Ltd. | 4,100 | 44 | |||||||
Happinet Corp. | 4,500 | 44 | |||||||
Artnature Inc. | 7,000 | 44 | |||||||
Sumida Corp. | 6,634 | 43 | |||||||
Ryoden Corp. | 3,500 | 43 | |||||||
Nihon Chouzai Co. Ltd. | 2,600 | 43 | |||||||
Wowow Inc. | 1,800 | 43 | |||||||
* | Open Door Inc. | 4,800 | 43 | ||||||
Hito Communications Holdings Inc. | 4,700 | 42 | |||||||
Aisan Industry Co. Ltd. | 7,900 | 42 | |||||||
Melco Holdings Inc. | 1,800 | 42 | |||||||
Takaoka Toko Co. Ltd. | 4,800 | 41 | |||||||
Toho Titanium Co. Ltd. | 7,300 | 41 | |||||||
WATAMI Co. Ltd. | 4,300 | 41 | |||||||
Kintetsu Department Store Co. Ltd. | 1,700 | 41 | |||||||
Tokyo Energy & Systems Inc. | 6,000 | 41 | |||||||
* | Akebono Brake Industry Co. Ltd. | 21,900 | 40 | ||||||
CTS Co. Ltd. | 7,179 | 40 | |||||||
Ichiyoshi Securities Co. Ltd. | 9,400 | 39 | |||||||
Yurtec Corp. | 7,000 | 39 | |||||||
Dai-ichi Seiko Co. Ltd. | 1,800 | 38 | |||||||
Pronexus Inc. | 3,800 | 38 | |||||||
Gun-Ei Chemical Industry Co. Ltd. | 1,600 | 38 | |||||||
Furuno Electric Co. Ltd. | 5,100 | 38 | |||||||
Marvelous Inc. | 7,600 | 38 | |||||||
^ | J Trust Co. Ltd. | 19,500 | 38 | ||||||
Yushiro Chemical Industry Co. Ltd. | 3,558 | 38 | |||||||
Cosel Co. Ltd. | 4,500 | 38 | |||||||
^ | Shin Nippon Biomedical Laboratories Ltd. | 6,500 | 38 | ||||||
Chuetsu Pulp & Paper Co. Ltd. | 3,000 | 38 | |||||||
Aichi Corp. | 5,600 | 38 | |||||||
Akatsuki Inc. | 1,000 | 37 | |||||||
CMK Corp. | 9,600 | 37 | |||||||
Shinnihon Corp. | 5,200 | 37 | |||||||
Daikokutenbussan Co. Ltd. | 900 | 37 | |||||||
Kitagawa Corp. | 2,600 | 37 | |||||||
* | Mitsuba Corp. | 8,700 | 37 | ||||||
^ | Tokyo Individualized Educational Institute Inc. | 7,200 | 36 | ||||||
* | Gunosy Inc. | 4,500 | 36 | ||||||
Central Sports Co. Ltd. | 1,750 | 36 | |||||||
MTI Ltd. | 7,000 | 36 |
65
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Ministop Co. Ltd. | 2,600 | 36 | |||||||
* | OSAKA Titanium Technologies Co. Ltd. | 4,100 | 36 | ||||||
Tsutsumi Jewelry Co. Ltd. | 2,300 | 36 | |||||||
Chuo Spring Co. Ltd. | 1,400 | 35 | |||||||
Yomiuri Land Co. Ltd. | 1,100 | 35 | |||||||
BeNEXT Group Inc. | 5,600 | 35 | |||||||
Okura Industrial Co. Ltd. | 2,400 | 35 | |||||||
* | Mitsubishi Steel Manufacturing Co. Ltd. | 4,800 | 34 | ||||||
Tomoku Co. Ltd. | 2,400 | 34 | |||||||
Aeon Fantasy Co. Ltd. | 2,200 | 34 | |||||||
Toyo Ink SC Holdings Co. Ltd. | 1,800 | 34 | |||||||
Toli Corp. | 14,300 | 34 | |||||||
GLOBERIDE Inc. | 1,900 | 34 | |||||||
Fudo Tetra Corp. | 2,680 | 33 | |||||||
Seika Corp. | 3,200 | 33 | |||||||
Nippon Chemi-Con Corp. | 2,900 | 33 | |||||||
Nisso Corp. | 7,200 | 32 | |||||||
* | Laox Co. Ltd. | 23,300 | 32 | ||||||
CHIMNEY Co. Ltd. | 2,100 | 32 | |||||||
Sumitomo Riko Co. Ltd. | 5,900 | 32 | |||||||
Yonex Co. Ltd. | 7,200 | 31 | |||||||
Proto Corp. | 3,500 | 31 | |||||||
Sekisui Plastics Co. Ltd. | 5,500 | 31 | |||||||
* | Nippon Sharyo Ltd. | 1,200 | 31 | ||||||
Kyokuto Securities Co. Ltd. | 6,700 | 31 | |||||||
Mitsubishi Paper Mills Ltd. | 8,500 | 30 | |||||||
Tokyo Rakutenchi Co. Ltd. | 800 | 30 | |||||||
Chori Co. Ltd. | 1,900 | 30 | |||||||
JSP Corp. | 2,300 | 30 | |||||||
Toa Oil Co. Ltd. | 1,800 | 30 | |||||||
Toho Co. Ltd. | 1,800 | 29 | |||||||
* | Toyo Engineering Corp. | 8,200 | 29 | ||||||
Fuji Oil Co. Ltd. | 16,300 | 28 | |||||||
Gurunavi Inc. | 5,200 | 28 | |||||||
* | Medical Data Vision Co. Ltd. | 3,800 | 27 | ||||||
* | W-Scope Corp. | 8,000 | 26 | ||||||
Gecoss Corp. | 3,200 | 26 | |||||||
Jamco Corp. | 4,200 | 26 | |||||||
Kato Works Co. Ltd. | 2,200 | 25 | |||||||
^,* | Right On Co. Ltd. | 5,700 | 25 | ||||||
Honeys Holdings Co. Ltd. | 2,460 | 25 | |||||||
WDB Holdings Co. Ltd. | 1,040 | 24 | |||||||
Aiphone Co. Ltd. | 1,700 | 24 | |||||||
Cleanup Corp. | 5,000 | 24 | |||||||
Mitsui Fudosan Logistics Park Inc. | 6 | 24 | |||||||
* | Funai Electric Co. Ltd. | 5,700 | 24 | ||||||
* | Istyle Inc. | 10,400 | 23 | ||||||
* | Tokyo Rope Manufacturing Co. Ltd. | 4,600 | 23 | ||||||
Nihon Trim Co. Ltd. | 800 | 23 | |||||||
* | Vector Inc. | 3,400 | 22 | ||||||
Taiho Kogyo Co. Ltd. | 4,500 | 22 | |||||||
Airport Facilities Co. Ltd. | 5,400 | 22 | |||||||
^,* | KNT-CT Holdings Co. Ltd. | 2,500 | 21 | ||||||
Namura Shipbuilding Co. Ltd. | 10,900 | 19 | |||||||
Nakayama Steel Works Ltd. | 5,000 | 18 | |||||||
Japan Best Rescue System Co. Ltd. | 2,455 | 17 | |||||||
Inaba Seisakusho Co. Ltd. | 1,300 | 16 | |||||||
Ateam Inc. | 2,400 | 16 | |||||||
Nippon Coke & Engineering Co. Ltd. | 28,400 | 15 | |||||||
Japan Cash Machine Co. Ltd. | 2,400 | 12 | |||||||
Takihyo Co. Ltd. | 800 | 12 | |||||||
Pepper Food Service Co. Ltd. | 2,507 | 11 | |||||||
Linical Co. Ltd. | 1,300 | 11 | |||||||
Chiba Kogyo Bank Ltd. | 4,800 | 10 |
66
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
JP-Holdings Inc. | 4,100 | 10 | |||||||
Airtrip Corp. | 725 | 7 | |||||||
Sumitomo Precision Products Co. Ltd. | 300 | 6 | |||||||
* | Sanden Holdings Corp. | 1,200 | 4 | ||||||
* | Tateru Inc. | 800 | 1 | ||||||
1,327,639 | |||||||||
Kuwait (0.1%) | |||||||||
National Bank of Kuwait SAKP | 2,258,545 | 5,416 | |||||||
Kuwait Finance House KSCP | 1,396,793 | 2,677 | |||||||
Mobile Telecommunications Co. KSC | 767,489 | 1,311 | |||||||
Ahli United Bank BSC | 1,949,361 | 1,231 | |||||||
* | Agility Public Warehousing Co. KSC | 306,924 | 635 | ||||||
Boubyan Bank KSCP | 330,516 | 532 | |||||||
Gulf Bank KSCP | 596,345 | 416 | |||||||
* | Mabanee Co. SAK | 173,069 | 353 | ||||||
* | Humansoft Holding Co. KSC | 29,876 | 276 | ||||||
Boubyan Petrochemicals Co. KSCP | 131,961 | 214 | |||||||
* | Warba Bank KSCP | 305,706 | 208 | ||||||
Kuwait Projects Co. Holding KSCP | 352,864 | 195 | |||||||
Burgan Bank SAK | 221,309 | 148 | |||||||
National Industries Group Holding SAK | 266,989 | 147 | |||||||
* | Kuwait International Bank KSCP | 214,350 | 126 | ||||||
Integrated Holding Co. KCSC | 64,389 | 87 | |||||||
Mezzan Holding Co. KSCC | 45,425 | 86 | |||||||
* | Alimtiaz Investment Group KSC | 142,055 | 38 | ||||||
14,096 | |||||||||
Luxembourg (0.0%) | |||||||||
Tenaris SA ADR | 37,547 | 514 | |||||||
Malaysia (0.3%) | |||||||||
Public Bank Bhd. (Local) | 1,104,046 | 4,196 | |||||||
Tenaga Nasional Bhd. | 1,380,874 | 3,910 | |||||||
Malayan Banking Bhd. | 2,101,281 | 3,688 | |||||||
CIMB Group Holdings Bhd. | 2,509,852 | 2,007 | |||||||
Sime Darby Plantation Bhd. | 1,267,275 | 1,454 | |||||||
RHB Bank Bhd. | 1,300,750 | 1,431 | |||||||
Axiata Group Bhd. | 1,569,551 | 1,431 | |||||||
DiGi.Com Bhd. | 1,279,800 | 1,375 | |||||||
Petronas Chemicals Group Bhd. | 1,024,989 | 1,327 | |||||||
IHH Healthcare Bhd. | 1,064,020 | 1,295 | |||||||
Maxis Bhd. | 1,005,000 | 1,277 | |||||||
Dialog Group Bhd. | 1,630,748 | 1,259 | |||||||
IOI Corp. Bhd. | 1,195,540 | 1,126 | |||||||
Top Glove Corp. Bhd. | 612,200 | 1,032 | |||||||
MISC Bhd. | 497,756 | 908 | |||||||
PPB Group Bhd. | 237,240 | 904 | |||||||
Hartalega Holdings Bhd. | 507,800 | 897 | |||||||
Kuala Lumpur Kepong Bhd. | 167,800 | 815 | |||||||
Genting Bhd. | 786,600 | 761 | |||||||
Nestle Malaysia Bhd. | 22,700 | 739 | |||||||
Petronas Gas Bhd. | 200,100 | 715 | |||||||
Hong Leong Bank Bhd. | 223,000 | 688 | |||||||
Petronas Dagangan Bhd. | 133,200 | 628 | |||||||
Gamuda Bhd. | 819,200 | 611 | |||||||
Press Metal Aluminium Holdings Bhd. | 624,280 | 568 | |||||||
Sime Darby Bhd. | 1,180,575 | 547 | |||||||
Genting Malaysia Bhd. | 888,300 | 488 | |||||||
AMMB Holdings Bhd. | 676,400 | 467 | |||||||
HAP Seng Consolidated Bhd. | 262,000 | 447 | |||||||
IJM Corp. Bhd. | 1,121,820 | 431 | |||||||
QL Resources Bhd. | 223,660 | 423 | |||||||
Telekom Malaysia Bhd. | 440,100 | 411 | |||||||
Malaysia Airports Holdings Bhd. | 297,600 | 362 | |||||||
Genting Plantations Bhd. | 153,200 | 339 |
67
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Kossan Rubber Industries Bhd. | 238,600 | 311 | |||||||
Carlsberg Brewery Malaysia Bhd. | 48,500 | 309 | |||||||
Fraser & Neave Holdings Bhd. | 40,700 | 299 | |||||||
Pentamaster Corp. Bhd. | 309,300 | 298 | |||||||
Hong Leong Financial Group Bhd. | 95,942 | 292 | |||||||
Westports Holdings Bhd. | 336,100 | 287 | |||||||
Bursa Malaysia Bhd. | 201,650 | 278 | |||||||
TIME dotCom Bhd. | 120,400 | 274 | |||||||
Alliance Bank Malaysia Bhd. | 571,200 | 258 | |||||||
YTL Corp. Bhd. | 1,442,335 | 255 | |||||||
Sunway REIT | 687,800 | 251 | |||||||
Sunway Bhd. | 603,116 | 219 | |||||||
My EG Services Bhd. | 742,250 | 218 | |||||||
Inari Amertron Bhd. | 660,775 | 216 | |||||||
IGB REIT | 514,400 | 207 | |||||||
Yinson Holdings Bhd. | 169,900 | 204 | |||||||
Malakoff Corp. Bhd. | 956,400 | 193 | |||||||
Syarikat Takaful Malaysia Keluarga Bhd. | 171,100 | 175 | |||||||
Sime Darby Property Bhd. | 1,147,475 | 173 | |||||||
Axis REIT | 380,700 | 173 | |||||||
KPJ Healthcare Bhd. | 816,700 | 169 | |||||||
Malaysia Building Society Bhd. | 1,037,300 | 153 | |||||||
British American Tobacco Malaysia Bhd. | 51,300 | 150 | |||||||
* | Supermax Corp. Bhd. | 258,923 | 149 | ||||||
Berjaya Sports Toto Bhd. | 272,531 | 146 | |||||||
Serba Dinamik Holdings Bhd. | 386,126 | 142 | |||||||
Frontken Corp. Bhd. | 271,700 | 140 | |||||||
Magnum Bhd. | 264,900 | 135 | |||||||
IOI Properties Group Bhd. | 560,800 | 132 | |||||||
1 | Astro Malaysia Holdings Bhd. | 557,587 | 122 | ||||||
VS Industry Bhd. | 522,000 | 111 | |||||||
DRB-Hicom Bhd. | 333,800 | 109 | |||||||
* | FGV Holdings Bhd. | 532,700 | 104 | ||||||
AirAsia Group Bhd. | 547,700 | 103 | |||||||
Bermaz Auto Bhd. | 320,120 | 101 | |||||||
Scientex Bhd. | 50,900 | 98 | |||||||
Sunway Construction Group Bhd. | 217,094 | 94 | |||||||
SP Setia Bhd. Group | 482,100 | 90 | |||||||
Padini Holdings Bhd. | 151,000 | 87 | |||||||
Cahya Mata Sarawak Bhd. | 244,700 | 78 | |||||||
* | UEM Sunrise Bhd. | 780,000 | 77 | ||||||
Pavilion REIT | 203,500 | 77 | |||||||
Malaysian Resources Corp. Bhd. | 667,900 | 75 | |||||||
AEON Credit Service M Bhd. | 31,800 | 67 | |||||||
1 | Lotte Chemical Titan Holding Bhd. | 159,300 | 63 | ||||||
Sapura Energy Bhd. | 3,120,595 | 61 | |||||||
Muhibbah Engineering M Bhd. | 220,100 | 53 | |||||||
* | Berjaya Corp. Bhd. | 1,104,263 | 50 | ||||||
* | Velesto Energy Bhd. | 1,473,763 | 50 | ||||||
* | Bumi Armada Bhd. | 1,238,050 | 47 | ||||||
* | Leong Hup International Bhd. | 321,800 | 47 | ||||||
* | WCT Holdings Bhd. | 332,950 | 39 | ||||||
* | Datasonic Group Bhd. Warrants Exp. 07/05/2023 | 199,100 | 20 | ||||||
Pos Malaysia Bhd. | 77,300 | 15 | |||||||
* | UMW Oil & Gas Corp. Warrants Exp. 09/30/2024 | 467,368 | 6 | ||||||
* | Serba Dinamik Holdings Bhd. Warrants Exp. 05/12/2024 | 97,620 | 6 | ||||||
* | Sunway Bhd. Warrants Exp. 12/31/2024 | 53,643 | 3 | ||||||
* | BIMB Holdings Bhd. Warrants Exp. 12/04/2023 | 63,800 | 3 | ||||||
* | Malaysian Resources Corp. Bhd. Warrants Exp. 12/31/2027 | 95,161 | 3 | ||||||
*,§ | WCT Holdings Bhd. Warrants Exp. 08/24/2020 | 52,360 | — | ||||||
*,§ | OSK Holdings Bhd. Warrants Exp. 07/22/2020 | 52,275 | — | ||||||
*,§ | RHB CAPITAL Bhd. | 116,200 | — | ||||||
47,022 |
68
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Malta (0.0%) | |||||||||
*,§ | Bgp Holdings PLC Rts | 197,753 | — | ||||||
Mexico (0.2%) | |||||||||
America Movil SAB de CV | 9,823,675 | 5,951 | |||||||
Fomento Economico Mexicano SAB de CV | 750,522 | 4,851 | |||||||
Wal-Mart de Mexico SAB de CV | 1,876,059 | 4,513 | |||||||
Grupo Financiero Banorte SAB de CV | 1,008,003 | 2,757 | |||||||
Grupo Mexico SAB de CV Class B | 1,285,162 | 2,741 | |||||||
Grupo Elektra SAB de CV | 24,344 | 1,399 | |||||||
Cemex SAB de CV | 6,031,402 | 1,269 | |||||||
Grupo Bimbo SAB de CV Class A | 822,000 | 1,214 | |||||||
Fibra Uno Administracion SA de CV | 1,109,773 | 910 | |||||||
Grupo Televisa SAB | 785,734 | 835 | |||||||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 120,750 | 755 | |||||||
Coca-Cola Femsa SAB de CV | 183,700 | 740 | |||||||
Gruma SAB de CV Class B | 75,260 | 714 | |||||||
Grupo Aeroportuario del Sureste SAB de CV Class B | 68,521 | 686 | |||||||
Infraestructura Energetica Nova SAB de CV | 167,509 | 520 | |||||||
* | Promotora y Operadora de Infraestructura SAB de CV | 72,432 | 503 | ||||||
* | Arca Continental SAB de CV | 123,000 | 474 | ||||||
Grupo Financiero Inbursa SAB de CV | 744,500 | 448 | |||||||
Kimberly-Clark de Mexico SAB de CV Class A | 313,800 | 443 | |||||||
Orbia Advance Corp. SAB de CV | 362,994 | 428 | |||||||
Grupo Aeroportuario del Centro Norte SAB de CV | 108,700 | 396 | |||||||
Alfa SAB de CV Class A | 959,000 | 392 | |||||||
Industrias Penoles SAB de CV | 45,078 | 348 | |||||||
Grupo Carso SAB de CV | 151,230 | 303 | |||||||
Prologis Property Mexico SA de CV | 172,627 | 281 | |||||||
Qualitas Controladora SAB de CV | 68,064 | 281 | |||||||
* | Telesites SAB de CV | 417,065 | 274 | ||||||
PLA Administradora Industrial S de RL de CV | 264,186 | 274 | |||||||
Becle SAB de CV | 173,900 | 267 | |||||||
Megacable Holdings SAB de CV | 103,462 | 258 | |||||||
Corp Inmobiliaria Vesta SAB de CV | 184,001 | 252 | |||||||
Industrias Bachoco SAB de CV Class B | 83,189 | 241 | |||||||
Bolsa Mexicana de Valores SAB de CV | 131,100 | 238 | |||||||
1 | Macquarie Mexico Real Estate Management SA de CV | 231,400 | 191 | ||||||
* | Genomma Lab Internacional SAB de CV Class B | 233,863 | 188 | ||||||
El Puerto de Liverpool SAB de CV | 70,400 | 177 | |||||||
1 | Banco del Bajio SA | 218,400 | 172 | ||||||
* | Regional SAB de CV | 68,100 | 167 | ||||||
Grupo Cementos de Chihuahua SAB de CV | 53,800 | 156 | |||||||
Gentera SAB de CV | 391,800 | 156 | |||||||
* | La Comer SAB de CV | 143,580 | 150 | ||||||
* | Alsea SAB de CV | 181,000 | 149 | ||||||
* | Grupo Comercial Chedraui SA de CV | 119,700 | 144 | ||||||
* | Controladora Vuela Cia de Aviacion SAB de CV Class A | 269,300 | 133 | ||||||
Grupo Herdez SAB de CV | 103,100 | 128 | |||||||
1 | GMexico Transportes SAB de CV | 136,000 | 125 | ||||||
Grupo Lala SAB de CV | 224,900 | 106 | |||||||
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander | 181,300 | 101 | |||||||
* | Axtel SAB de CV | 725,800 | 84 | ||||||
* | Credito Real SAB de CV SOFOM ER | 118,437 | 71 | ||||||
1 | Nemak SAB de CV | 299,800 | 56 | ||||||
Alpek SAB de CV | 100,700 | 48 | |||||||
Consorcio ARA SAB de CV | 372,582 | 46 | |||||||
* | Hoteles City Express SAB de CV | 146,700 | 44 | ||||||
Concentradora Fibra Danhos SA de CV | 53,076 | 41 | |||||||
Grupo Rotoplas SAB de CV | 60,100 | 34 | |||||||
* | Unifin Financiera SAB de CV | 27,100 | 15 | ||||||
38,638 | |||||||||
Netherlands (1.1%) | |||||||||
ASML Holding NV | 143,451 | 41,900 |
69
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Unilever NV | 490,059 | 24,405 | |||||||
Koninklijke Philips NV | 316,712 | 13,806 | |||||||
* | Prosus NV | 155,597 | 11,764 | ||||||
*,1 | Adyen NV | 9,532 | 9,423 | ||||||
Koninklijke Ahold Delhaize NV | 387,141 | 9,400 | |||||||
ING Groep NV | 1,384,497 | 7,757 | |||||||
Koninklijke DSM NV | 62,988 | 7,720 | |||||||
Heineken NV | 84,837 | 7,221 | |||||||
Wolters Kluwer NV | 93,165 | 6,862 | |||||||
Akzo Nobel NV | 68,955 | 5,233 | |||||||
* | Galapagos NV | 18,409 | 4,067 | ||||||
NN Group NV | 120,987 | 3,500 | |||||||
Heineken Holding NV | 39,996 | 3,116 | |||||||
^ | Unibail-Rodamco-Westfield | 47,778 | 2,829 | ||||||
Koninklijke KPN NV | 1,173,840 | 2,704 | |||||||
ArcelorMittal SA | 223,573 | 2,442 | |||||||
ASM International NV | 17,633 | 1,949 | |||||||
Aegon NV | 648,260 | 1,677 | |||||||
Randstad NV | 40,000 | 1,610 | |||||||
Imcd NV | 17,902 | 1,581 | |||||||
* | Koninklijke Vopak NV | 24,578 | 1,414 | ||||||
*,1 | Just Eat Takeaway.com NV | 12,930 | 1,329 | ||||||
ASR Nederland NV | 45,736 | 1,226 | |||||||
1 | ABN AMRO Bank NV | 142,996 | 1,100 | ||||||
* | Aalberts NV | 36,528 | 1,029 | ||||||
* | BE Semiconductor Industries NV | 24,566 | 1,017 | ||||||
1 | Signify NV | 48,613 | 989 | ||||||
SBM Offshore NV | 62,392 | 791 | |||||||
Corbion NV | 21,203 | 762 | |||||||
* | Altice Europe NV | 187,810 | 749 | ||||||
Boskalis Westminster | 30,845 | 535 | |||||||
* | Oci NV | 43,646 | 527 | ||||||
TKH Group NV | 14,836 | 520 | |||||||
1 | Intertrust NV | 30,485 | 480 | ||||||
*,1 | GrandVision NV | 16,627 | 442 | ||||||
* | Arcadis NV | 25,674 | 399 | ||||||
Aperam SA | 15,396 | 399 | |||||||
* | Altice Europe NV Class B | 73,592 | 295 | ||||||
1 | Flow Traders | 8,772 | 293 | ||||||
PostNL NV | 152,497 | 263 | |||||||
Nsi NV | 5,963 | 240 | |||||||
*,1 | Basic-Fit NV | 11,512 | 234 | ||||||
Sligro Food Group NV | 12,208 | 191 | |||||||
Eurocommercial Properties NV | 16,497 | 184 | |||||||
TomTom NV | 21,048 | 166 | |||||||
* | Accell Group NV | 8,233 | 154 | ||||||
* | Koninklijke BAM Groep NV | 90,114 | 150 | ||||||
^ | AMG Advanced Metallurgical Group NV | 8,622 | 145 | ||||||
* | ForFarmers NV | 20,499 | 136 | ||||||
1 | NIBC Holding NV | 17,923 | 135 | ||||||
^ | Wereldhave NV | 13,327 | 117 | ||||||
Vastned Retail NV | 5,721 | 105 | |||||||
^,* | Fugro NV | 25,536 | 96 | ||||||
1 | B&S Group Sarl | 7,543 | 42 | ||||||
Brunel International NV | 4,071 | 26 | |||||||
187,646 | |||||||||
New Zealand (0.1%) | |||||||||
Fisher & Paykel Healthcare Corp. Ltd. | 202,428 | 3,382 | |||||||
* | a2 Milk Co. Ltd. | 263,438 | 3,135 | ||||||
Spark New Zealand Ltd. | 655,876 | 1,775 | |||||||
Auckland International Airport Ltd. | 397,503 | 1,468 | |||||||
Meridian Energy Ltd. | 477,574 | 1,301 | |||||||
Ryman Healthcare Ltd. | 152,598 | 1,113 | |||||||
Contact Energy Ltd. | 239,398 | 913 |
70
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Mercury NZ Ltd. | 244,972 | 681 | |||||||
Chorus Ltd. | 154,106 | 673 | |||||||
Fletcher Building Ltd. | 295,600 | 662 | |||||||
Goodman Property Trust | 394,176 | 541 | |||||||
EBOS Group Ltd. | 35,516 | 480 | |||||||
Kiwi Property Group Ltd. | 768,731 | 450 | |||||||
Infratil Ltd. | 158,752 | 444 | |||||||
Precinct Properties New Zealand Ltd. | 444,340 | 432 | |||||||
SKYCITY Entertainment Group Ltd. | 210,733 | 340 | |||||||
Summerset Group Holdings Ltd. | 84,273 | 311 | |||||||
Genesis Energy Ltd. | 170,055 | 291 | |||||||
Z Energy Ltd. | 117,340 | 221 | |||||||
Vital Healthcare Property Trust | 137,358 | 202 | |||||||
Freightways Ltd. | 48,884 | 199 | |||||||
Argosy Property Ltd. | 299,714 | 193 | |||||||
Vector Ltd. | 77,157 | 166 | |||||||
Metlifecare Ltd. | 59,724 | 153 | |||||||
* | Pushpay Holdings Ltd. | 57,856 | 151 | ||||||
Air New Zealand Ltd. | 150,439 | 123 | |||||||
Heartland Group Holdings Ltd. | 168,409 | 116 | |||||||
Kathmandu Holdings Ltd. | 240,079 | 115 | |||||||
* | Synlait Milk Ltd. | 26,888 | 112 | ||||||
Scales Corp. Ltd. | 31,347 | 93 | |||||||
Oceania Healthcare Ltd. | 182,960 | 85 | |||||||
* | Restaurant Brands New Zealand Ltd. | 6,016 | 44 | ||||||
Tourism Holdings Ltd. | 38,634 | 30 | |||||||
New Zealand Refining Co. Ltd. | 49,576 | 28 | |||||||
* | SKY Network Television Ltd. | 142,350 | 24 | ||||||
20,447 | |||||||||
Norway (0.2%) | |||||||||
Equinor ASA | 367,503 | 5,089 | |||||||
Dnb ASA | 373,383 | 4,521 | |||||||
Telenor ASA | 227,400 | 3,488 | |||||||
Mowi ASA | 153,660 | 2,632 | |||||||
Orkla ASA | 273,630 | 2,472 | |||||||
Yara International ASA | 63,950 | 2,172 | |||||||
TOMRA Systems ASA | 39,932 | 1,327 | |||||||
Norsk Hydro ASA | 507,154 | 1,287 | |||||||
* | Gjensidige Forsikring ASA | 59,196 | 1,044 | ||||||
* | Bakkafrost P/F | 20,004 | 987 | ||||||
* | Storebrand ASA | 156,427 | 785 | ||||||
Salmar ASA | 19,300 | 752 | |||||||
* | Nel ASA | 610,189 | 747 | ||||||
^,1 | Entra ASA | 55,845 | 703 | ||||||
* | Adevinta ASA | 77,481 | 644 | ||||||
Schibsted ASA Class B | 31,735 | 616 | |||||||
Schibsted ASA Class A | 28,822 | 611 | |||||||
Aker BP ASA | 36,218 | 595 | |||||||
TGS NOPEC Geophysical Co. ASA | 37,533 | 575 | |||||||
1 | Scatec Solar ASA | 33,488 | 488 | ||||||
Leroy Seafood Group ASA | 89,797 | 477 | |||||||
* | Subsea 7 SA | 80,445 | 442 | ||||||
* | SpareBank 1 SR-Bank ASA | 59,243 | 376 | ||||||
Kongsberg Gruppen ASA | 28,481 | 366 | |||||||
Frontline Ltd. | 34,674 | 325 | |||||||
SpareBank 1 SMN | 43,666 | 317 | |||||||
Veidekke ASA | 34,585 | 307 | |||||||
* | Nordic Semiconductor ASA | 49,154 | 288 | ||||||
* | Borregaard ASA | 30,747 | 286 | ||||||
* | Norwegian Finans Holding ASA | 51,170 | 273 | ||||||
Austevoll Seafood ASA | 31,649 | 247 | |||||||
Atea ASA | 27,198 | 238 | |||||||
Golar LNG Ltd. | 30,900 | 219 | |||||||
^,* | Aker ASA | 7,472 | 197 |
71
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Grieg Seafood ASA | 19,835 | 195 | |||||||
*,1 | Sbanken ASA | 25,515 | 136 | ||||||
1 | Elkem ASA | 75,776 | 126 | ||||||
Norway Royal Salmon ASA | 4,357 | 88 | |||||||
^ | Dno ASA | 188,320 | 85 | ||||||
1 | BW LPG Ltd. | 23,866 | 81 | ||||||
* | BW Offshore Ltd. | 24,802 | 70 | ||||||
Stolt-Nielsen Ltd. | 7,735 | 66 | |||||||
Sparebank 1 Oestlandet | 7,478 | 61 | |||||||
Ocean Yield ASA | 21,006 | 54 | |||||||
* | Pgs ASA | 111,839 | 40 | ||||||
Wallenius Wilhelmsen ASA | 33,878 | 37 | |||||||
*,1 | Aker Solutions ASA | 36,089 | 24 | ||||||
^,* | Borr Drilling Ltd. | 27,117 | 19 | ||||||
^,* | Norwegian Air Shuttle ASA | 9,855 | 8 | ||||||
* | BW Energy Ltd. | 5,856 | 7 | ||||||
36,990 | |||||||||
Pakistan (0.0%) | |||||||||
MCB Bank Ltd. | 281,065 | 286 | |||||||
Fauji Fertilizer Co. Ltd. | 354,900 | 247 | |||||||
* | Hub Power Co. Ltd. | 384,498 | 201 | ||||||
Engro Corp. Ltd. | 99,000 | 190 | |||||||
Lucky Cement Ltd. | 52,200 | 153 | |||||||
Pakistan Petroleum Ltd. | 260,712 | 148 | |||||||
Habib Bank Ltd. | 213,200 | 134 | |||||||
Oil & Gas Development Co. Ltd. | 177,400 | 117 | |||||||
Millat Tractors Ltd. | 26,092 | 114 | |||||||
Pakistan Oilfields Ltd. | 53,810 | 106 | |||||||
Bank Alfalah Ltd. | 506,250 | 95 | |||||||
Pakistan State Oil Co. Ltd. | 92,876 | 89 | |||||||
Engro Fertilizers Ltd. | 189,840 | 73 | |||||||
United Bank Ltd. | 95,600 | 64 | |||||||
Nishat Mills Ltd. | 116,000 | 56 | |||||||
Searle Co. Ltd. | 43,072 | 50 | |||||||
DG Khan Cement Co. Ltd. | 90,500 | 49 | |||||||
Fauji Cement Co. Ltd. | 448,621 | 47 | |||||||
Kot Addu Power Co. Ltd. | 303,500 | 43 | |||||||
SUI Northern Gas Pipeline | 129,900 | 43 | |||||||
* | SUI Southern Gas Co. Ltd. | 454,500 | 39 | ||||||
* | National Bank of Pakistan | 103,000 | 18 | ||||||
2,362 | |||||||||
Peru (0.0%) | |||||||||
Credicorp Ltd. (XLIM) | 6,433 | 963 | |||||||
Cia de Minas Buenaventura SAA ADR | 83,537 | 626 | |||||||
1,589 | |||||||||
Philippines (0.1%) | |||||||||
SM Investments Corp. | 171,273 | 2,855 | |||||||
SM Prime Holdings Inc. | 3,281,150 | 1,998 | |||||||
Ayala Land Inc. | 2,883,700 | 1,800 | |||||||
Ayala Corp. | 124,595 | 1,417 | |||||||
BDO Unibank Inc. | 701,864 | 1,381 | |||||||
PLDT Inc. | 41,395 | 1,049 | |||||||
JG Summit Holdings Inc. | 1,040,470 | 1,036 | |||||||
Universal Robina Corp. | 303,660 | 752 | |||||||
Bank of the Philippine Islands | 644,640 | 740 | |||||||
International Container Terminal Services Inc. | 368,810 | 645 | |||||||
Manila Electric Co. | 100,695 | 503 | |||||||
Metropolitan Bank & Trust Co. | 610,769 | 467 | |||||||
Globe Telecom Inc. | 10,105 | 438 | |||||||
Jollibee Foods Corp. | 130,700 | 369 | |||||||
Puregold Price Club Inc. | 360,980 | 329 | |||||||
Security Bank Corp. | 156,060 | 316 | |||||||
* | GT Capital Holdings Inc. | 34,975 | 313 |
72
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Robinsons Retail Holdings Inc. | 211,970 | 280 | |||||||
Metro Pacific Investments Corp. | 5,426,300 | 274 | |||||||
Aboitiz Power Corp. | 483,820 | 261 | |||||||
San Miguel Food and Beverage Inc. | 215,800 | 254 | |||||||
Megaworld Corp. | 4,417,900 | 223 | |||||||
Robinsons Land Corp. | 753,861 | 223 | |||||||
San Miguel Corp. | 113,200 | 217 | |||||||
* | Alliance Global Group Inc. | 1,458,100 | 186 | ||||||
First Gen Corp. | 457,300 | 171 | |||||||
Wilcon Depot Inc. | 443,500 | 128 | |||||||
* | LT Group Inc. | 785,600 | 120 | ||||||
DMCI Holdings Inc. | 1,475,900 | 120 | |||||||
Century Pacific Food Inc. | 394,200 | 111 | |||||||
Bloomberry Resorts Corp. | 925,300 | 102 | |||||||
Vista Land & Lifescapes Inc. | 1,181,800 | 101 | |||||||
Manila Water Co. Inc. | 427,700 | 90 | |||||||
Semirara Mining & Power Corp. | 367,836 | 87 | |||||||
D&L Industries Inc. | 751,700 | 79 | |||||||
Filinvest Land Inc. | 3,219,000 | 60 | |||||||
Nickel Asia Corp. | 1,574,100 | 52 | |||||||
Cebu Air Inc. | 45,640 | 44 | |||||||
*,1 | CEMEX Holdings Philippines Inc. | 1,282,312 | 28 | ||||||
*,§ | Altus San Nicolas Corp. | 14,514 | 2 | ||||||
19,621 | |||||||||
Poland (0.1%) | |||||||||
CD Projekt SA | 22,637 | 1,982 | |||||||
Polski Koncern Naftowy ORLEN SA | 116,244 | 1,764 | |||||||
Powszechny Zaklad Ubezpieczen SA | 224,250 | 1,655 | |||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 298,619 | 1,598 | |||||||
* | KGHM Polska Miedz SA | 45,529 | 856 | ||||||
Cyfrowy Polsat SA | 118,734 | 734 | |||||||
*,1 | Dino Polska SA | 17,151 | 725 | ||||||
Bank Polska Kasa Opieki SA | 53,119 | 674 | |||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 594,343 | 535 | |||||||
Grupa Lotos SA | 32,951 | 500 | |||||||
* | Orange Polska SA | 271,666 | 461 | ||||||
Lpp SA | 277 | 437 | |||||||
Asseco Poland SA | 25,990 | 420 | |||||||
Santander Bank Polska SA | 9,524 | 379 | |||||||
*,1 | PLAY Communications SA | 42,313 | 343 | ||||||
* | PGE Polska Grupa Energetyczna SA | 252,332 | 252 | ||||||
* | mBank SA | 4,232 | 225 | ||||||
* | AmRest Holdings SE | 24,770 | 166 | ||||||
* | Kernel Holding SA | 15,618 | 151 | ||||||
* | Bank Millennium SA | 216,585 | 147 | ||||||
* | Energa SA | 71,262 | 134 | ||||||
Eurocash SA | 25,178 | 131 | |||||||
Kruk SA | 6,082 | 116 | |||||||
* | Alior Bank SA | 31,349 | 115 | ||||||
^ | Ccc SA | 8,708 | 110 | ||||||
Bank Handlowy w Warszawie SA | 11,626 | 103 | |||||||
Warsaw Stock Exchange | 9,251 | 91 | |||||||
* | Tauron Polska Energia SA | 300,511 | 83 | ||||||
* | Grupa Azoty SA | 12,762 | 82 | ||||||
* | Enea SA | 55,620 | 75 | ||||||
* | Ciech SA | 4,790 | 46 | ||||||
Jastrzebska Spolka Weglowa SA | 13,779 | 46 | |||||||
15,136 | |||||||||
Portugal (0.1%) | |||||||||
EDP - Energias de Portugal SA | 899,500 | 3,790 | |||||||
Galp Energia SGPS SA | 229,759 | 2,652 | |||||||
Jeronimo Martins SGPS SA | 88,483 | 1,500 | |||||||
EDP Renovaveis SA | 50,260 | 616 | |||||||
REN - Redes Energeticas Nacionais SGPS SA | 129,114 | 350 |
73
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Banco Comercial Portugues SA | 2,568,762 | 288 | |||||||
Nos Sgps SA | 74,161 | 278 | |||||||
Sonae SGPS SA | 292,736 | 231 | |||||||
Navigator Co. SA | 69,036 | 179 | |||||||
Altri SGPS SA | 31,778 | 168 | |||||||
CTT-Correios de Portugal SA | 47,438 | 112 | |||||||
Corticeira Amorim SGPS SA | 8,976 | 95 | |||||||
* | Semapa-Sociedade de Investimento e Gestao | 7,423 | 73 | ||||||
Mota-Engil SGPS SA | 46,843 | 59 | |||||||
* | Banco Espirito Santo SA | 428,634 | 1 | ||||||
10,392 | |||||||||
Qatar (0.1%) | |||||||||
Qatar National Bank QPSC | 1,587,706 | 7,489 | |||||||
Qatar Islamic Bank SAQ | 405,113 | 1,721 | |||||||
Industries Qatar QSC | 709,452 | 1,370 | |||||||
Masraf Al Rayan QSC | 1,263,410 | 1,322 | |||||||
Mesaieed Petrochemical Holding Co. | 1,885,125 | 929 | |||||||
Commercial Bank PSQC | 729,582 | 803 | |||||||
* | Qatar Fuel QSC | 179,737 | 789 | ||||||
Qatar Electricity & Water Co. QSC | 180,720 | 747 | |||||||
Qatar Gas Transport Co. Ltd. | 907,220 | 621 | |||||||
Qatar International Islamic Bank QSC | 261,104 | 573 | |||||||
Ooredoo QPSC | 302,832 | 530 | |||||||
Barwa Real Estate Co. | 670,165 | 526 | |||||||
* | Doha Bank QPSC | 544,172 | 301 | ||||||
Qatar Insurance Co. SAQ | 508,720 | 279 | |||||||
Al Meera Consumer Goods Co. QSC | 49,936 | 240 | |||||||
United Development Co. QSC | 604,560 | 175 | |||||||
Vodafone Qatar QSC | 578,060 | 173 | |||||||
Qatar Aluminum Manufacturing Co. | 927,410 | 159 | |||||||
* | Ezdan Holding Group QSC | 611,170 | 125 | ||||||
* | Gulf International Services QSC | 282,740 | 100 | ||||||
Medicare Group | 56,678 | 99 | |||||||
19,071 | |||||||||
Russia (0.3%) | |||||||||
Lukoil PJSC ADR | 149,795 | 9,772 | |||||||
Gazprom PJSC ADR | 1,438,938 | 7,287 | |||||||
Sberbank of Russia PJSC ADR | 622,780 | 6,545 | |||||||
MMC Norilsk Nickel PJSC ADR | 185,873 | 5,156 | |||||||
Novatek PJSC | 368,079 | 5,120 | |||||||
Tatneft PJSC ADR | 57,035 | 2,541 | |||||||
Gazprom PJSC | 894,041 | 2,273 | |||||||
Sberbank of Russia PJSC Ordinary Shares | 783,021 | 2,063 | |||||||
Surgutneftegas PJSC ADR (XLON) | 407,594 | 2,027 | |||||||
Rosneft Oil Co. PJSC GDR | 416,548 | 1,868 | |||||||
Polyus PJSC GDR | 16,780 | 1,363 | |||||||
Mobile TeleSystems PJSC | 312,742 | 1,353 | |||||||
Tatneft PJSC | 174,897 | 1,287 | |||||||
Sberbank of Russia PJSC ADR Ordinary Shares | 107,214 | 1,138 | |||||||
AK Transneft OAO Preference Shares | 551 | 1,011 | |||||||
Inter RAO UES PJSC | 12,450,172 | 834 | |||||||
Moscow Exchange MICEX-RTS PJSC | 463,845 | 750 | |||||||
Severstal PAO | 62,897 | 747 | |||||||
Alrosa PJSC | 872,960 | 723 | |||||||
Magnit PJSC (XLON) | 65,090 | 718 | |||||||
Magnit PJSC (MISX) | 13,285 | 660 | |||||||
Novolipetsk Steel PJSC | 338,779 | 580 | |||||||
Tatneft PAO Preference Shares | 77,196 | 530 | |||||||
VTB Bank PJSC GDR | 544,162 | 510 | |||||||
Rostelecom PJSC | 404,643 | 447 | |||||||
PhosAgro PJSC GDR | 33,457 | 403 | |||||||
Aeroflot PJSC | 363,261 | 369 | |||||||
VTB Bank PJSC | 765,146,460 | 358 | |||||||
RusHydro PJSC | 41,855,242 | 353 |
74
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sistema PJSFC | 1,777,100 | 345 | |||||||
1 | Detsky Mir PJSC | 285,390 | 337 | ||||||
* | Mechel PJSC | 320,731 | 281 | ||||||
Magnitogorsk Iron & Steel Works PJSC | 482,831 | 260 | |||||||
Federal Grid Co. Unified Energy System PJSC | 97,070,000 | 239 | |||||||
Polyus PJSC | 1,417 | 230 | |||||||
Novatek PJSC GDR | 1,548 | 217 | |||||||
Rosseti PJSC | 10,882,193 | 187 | |||||||
Unipro PJSC | 4,599,900 | 173 | |||||||
PhosAgro PJSC | 4,678 | 170 | |||||||
M.Video PJSC | 25,520 | 125 | |||||||
OGK-2 PJSC | 12,702,000 | 108 | |||||||
* | LSR Group PJSC Class A | 12,788 | 103 | ||||||
Bashneft PJSC | 3,712 | 87 | |||||||
Mosenergo PJSC | 3,281,038 | 86 | |||||||
Tmk PJSC | 104,450 | 79 | |||||||
Safmar Financial Investment | 12,928 | 75 | |||||||
Enel Russia PJSC | 5,150,000 | 64 | |||||||
§ | Lenenergo PJSC Preference Shares | 38,810 | 63 | ||||||
* | RussNeft PJSC | 11,177 | 62 | ||||||
Raspadskaya OJSC | 36,607 | 52 | |||||||
Surgutneftegas PJSC ADR | 8,300 | 40 | |||||||
Sistema PJSFC GDR | 7,278 | 29 | |||||||
Tgc-1 PJSC | 115,300,000 | 18 | |||||||
Rosneft Oil Co. PJSC | 3,288 | 15 | |||||||
62,231 | |||||||||
Saudi Arabia (0.3%) | |||||||||
Al Rajhi Bank | 350,257 | 5,324 | |||||||
Saudi Basic Industries Corp. | 262,072 | 5,201 | |||||||
Saudi Telecom Co. | 176,510 | 4,251 | |||||||
National Commercial Bank | 385,792 | 3,808 | |||||||
1 | Saudi Arabian Oil Co. | 370,751 | 3,115 | ||||||
Riyad Bank | 422,410 | 1,910 | |||||||
Samba Financial Group | 298,386 | 1,843 | |||||||
* | Saudi Arabian Mining Co. | 141,520 | 1,393 | ||||||
* | Banque Saudi Fransi | 168,466 | 1,385 | ||||||
Arab National Bank | 223,234 | 1,207 | |||||||
Saudi Arabian Fertilizer Co. | 60,421 | 1,133 | |||||||
* | Alinma Bank | 258,077 | 1,091 | ||||||
Saudi Electricity Co. | 240,831 | 1,090 | |||||||
* | Etihad Etisalat Co. | 141,204 | 1,043 | ||||||
* | Savola Group | 90,794 | 978 | ||||||
Almarai Co. JSC | 73,169 | 954 | |||||||
Yanbu National Petrochemical Co. | 67,166 | 800 | |||||||
Bank AlBilad | 106,609 | 643 | |||||||
Jarir Marketing Co. | 15,805 | 620 | |||||||
Sahara International Petrochemical Co. | 141,710 | 577 | |||||||
Bupa Arabia for Cooperative Insurance Co. | 18,942 | 540 | |||||||
* | Arabian Centres Co. Ltd. | 70,761 | 453 | ||||||
* | Saudi Kayan Petrochemical Co. | 184,325 | 423 | ||||||
Bank Al-Jazira | 122,273 | 388 | |||||||
Abdullah Al Othaim Markets Co. | 14,172 | 376 | |||||||
* | Co for Cooperative Insurance | 19,030 | 365 | ||||||
* | Dar Al Arkan Real Estate Development Co. | 159,825 | 343 | ||||||
Saudi Industrial Investment Group | 65,561 | 324 | |||||||
Advanced Petrochemical Co. | 27,321 | 323 | |||||||
Southern Province Cement Co. | 22,636 | 320 | |||||||
* | Mouwasat Medical Services Co. | 12,740 | 287 | ||||||
Saudi Cement Co. | 18,601 | 260 | |||||||
* | National Industrialization Co. | 94,650 | 255 | ||||||
* | Mobile Telecommunications Co. Saudi Arabia | 68,212 | 221 | ||||||
Saudi Airlines Catering Co. | 9,996 | 212 | |||||||
* | Emaar Economic City | 104,654 | 203 | ||||||
Saudia Dairy & Foodstuff Co. | 4,602 | 184 |
75
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Rabigh Refining & Petrochemical Co. | 50,668 | 184 | ||||||
* | National Petrochemical Co. | 34,038 | 182 | ||||||
Yanbu Cement Co. | 20,854 | 165 | |||||||
Qassim Cement Co. | 10,701 | 162 | |||||||
* | National Agriculture Development Co. | 20,351 | 159 | ||||||
* | Saudi Research & Marketing Group | 9,636 | 157 | ||||||
* | Seera Group Holding | 37,955 | 157 | ||||||
Yamama Cement Co. | 27,806 | 154 | |||||||
United International Transportation Co. | 18,517 | 141 | |||||||
United Electronics Co. | 7,711 | 139 | |||||||
Saudi Ground Services Co. | 19,688 | 137 | |||||||
* | Saudi Real Estate Co. | 40,611 | 131 | ||||||
* | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 15,540 | 111 | ||||||
* | Al Hammadi Co. for Development and Investment | 21,585 | 111 | ||||||
Eastern Province Cement Co. | 13,957 | 106 | |||||||
* | City Cement Co. | 28,681 | 106 | ||||||
Arabian Cement Co. | 14,420 | 103 | |||||||
National Gas & Industrialization Co. | 13,286 | 102 | |||||||
* | Mediterranean & Gulf Insurance & Reinsurance Co. | 20,293 | 98 | ||||||
* | Saudi Public Transport Co. | 22,688 | 90 | ||||||
* | Fawaz Abdulaziz Al Hokair & Co. | 15,022 | 86 | ||||||
* | Aldrees Petroleum and Transport Services Co. | 5,482 | 85 | ||||||
* | Najran Cement Co. | 28,468 | 84 | ||||||
Leejam Sports Co. JSC | 4,941 | 81 | |||||||
Dur Hospitality Co. | 13,720 | 81 | |||||||
* | Methanol Chemicals Co. | 43,954 | 78 | ||||||
* | Saudi Ceramic Co. | 9,267 | 72 | ||||||
* | Northern Region Cement Co. | 26,787 | 72 | ||||||
Herfy Food Services Co. | 5,548 | 66 | |||||||
Dallah Healthcare Co. | 5,122 | 65 | |||||||
* | Tabuk Cement Co. | 19,317 | 60 | ||||||
Arriyadh Development Co. | 14,077 | 52 | |||||||
* | Middle East Healthcare Co. | 5,911 | 41 | ||||||
* | Saudi Chemical Co. Holding | 6,980 | 40 | ||||||
* | National Medical Care Co. | 2,821 | 28 | ||||||
* | Aseer Trading Tourism & Manufacturing Co. | 10,194 | 25 | ||||||
* | Astra Industrial Group | 2,058 | 9 | ||||||
47,563 | |||||||||
Singapore (0.4%) | |||||||||
DBS Group Holdings Ltd. | 631,578 | 8,892 | |||||||
Oversea-Chinese Banking Corp. Ltd. | 1,230,038 | 7,848 | |||||||
United Overseas Bank Ltd. | 450,400 | 6,436 | |||||||
Singapore Telecommunications Ltd. | 2,608,800 | 5,213 | |||||||
Ascendas REIT | 1,096,261 | 2,293 | |||||||
Keppel Corp. Ltd. | 525,613 | 2,219 | |||||||
Singapore Exchange Ltd. | 302,510 | 2,063 | |||||||
* | CapitaLand Ltd. | 965,500 | 2,049 | ||||||
Wilmar International Ltd. | 707,173 | 1,781 | |||||||
Singapore Technologies Engineering Ltd. | 561,400 | 1,360 | |||||||
Suntec REIT | 1,303,300 | 1,287 | |||||||
Mapletree Logistics Trust | 983,799 | 1,246 | |||||||
CapitaLand Commercial Trust | 1,037,453 | 1,179 | |||||||
Genting Singapore Ltd. | 1,981,300 | 1,099 | |||||||
CapitaLand Mall Trust | 810,900 | 1,079 | |||||||
Mapletree Commercial Trust | 725,259 | 999 | |||||||
Venture Corp. Ltd. | 87,800 | 981 | |||||||
Mapletree Industrial Trust | 511,100 | 918 | |||||||
UOL Group Ltd. | 183,755 | 884 | |||||||
City Developments Ltd. | 154,200 | 862 | |||||||
ComfortDelGro Corp. Ltd. | 702,900 | 819 | |||||||
Singapore Airlines Ltd. | 173,620 | 751 | |||||||
NetLink NBN Trust | 974,000 | 689 | |||||||
Keppel DC REIT | 403,612 | 669 | |||||||
Frasers Logistics & Industrial Trust | 860,076 | 644 |
76
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Singapore Press Holdings Ltd. | 564,100 | 606 | |||||||
Jardine Cycle & Carriage Ltd. | 41,188 | 586 | |||||||
SATS Ltd. | 242,700 | 562 | |||||||
Keppel Infrastructure Trust | 1,592,535 | 558 | |||||||
Keppel REIT | 694,188 | 518 | |||||||
Mapletree North Asia Commercial Trust | 659,400 | 438 | |||||||
Ascott Residence Trust | 620,886 | 391 | |||||||
Sembcorp Industries Ltd. | 317,431 | 364 | |||||||
Frasers Centrepoint Trust | 224,865 | 338 | |||||||
Manulife US REIT | 460,754 | 331 | |||||||
Parkway Life REIT | 138,286 | 323 | |||||||
Ascendas India Trust | 349,600 | 312 | |||||||
Singapore Post Ltd. | 499,000 | 257 | |||||||
* | Golden Agri-Resources Ltd. | 2,153,019 | 237 | ||||||
CapitaLand Retail China Trust | 234,139 | 223 | |||||||
CDL Hospitality Trusts | 315,888 | 217 | |||||||
Raffles Medical Group Ltd. | 343,000 | 211 | |||||||
Hutchison Port Holdings Trust | 1,616,500 | 210 | |||||||
Olam International Ltd. | 183,400 | 194 | |||||||
OUE Commercial REIT | 640,075 | 182 | |||||||
Esr-Reit | 744,443 | 178 | |||||||
Sheng Siong Group Ltd. | 168,000 | 176 | |||||||
First Resources Ltd. | 192,400 | 171 | |||||||
StarHub Ltd. | 159,200 | 168 | |||||||
Keppel Pacific Oak US REIT | 262,700 | 167 | |||||||
* | Sembcorp Marine Ltd. | 276,489 | 146 | ||||||
Starhill Global REIT | 413,000 | 146 | |||||||
Aims Apac Reit | 167,700 | 136 | |||||||
ARA LOGOS Logistics Trust | 344,765 | 131 | |||||||
SIA Engineering Co. Ltd. | 98,500 | 130 | |||||||
Accordia Golf Trust | 315,100 | 127 | |||||||
Wing Tai Holdings Ltd. | 102,400 | 125 | |||||||
Soilbuild Business Space REIT | 386,733 | 103 | |||||||
Cromwell European REIT | 240,300 | 103 | |||||||
Far East Hospitality Trust | 279,700 | 103 | |||||||
Sph Reit | 175,700 | 101 | |||||||
First REIT | 174,600 | 99 | |||||||
§ | Best World International Ltd. | 90,400 | 86 | ||||||
Frasers Property Ltd. | 94,000 | 82 | |||||||
Frasers Hospitality Trust | 204,000 | 71 | |||||||
Lippo Malls Indonesia Retail Trust | 689,400 | 70 | |||||||
Sabana Shari’ah Compliant Industrial REIT | 293,300 | 67 | |||||||
Thomson Medical Group Ltd. | 1,531,200 | 66 | |||||||
* | Yoma Strategic Holdings Ltd. | 310,430 | 43 | ||||||
Bumitama Agri Ltd. | 133,200 | 40 | |||||||
Asian Pay Television Trust | 397,600 | 37 | |||||||
§ | Eagle Hospitality Trust | 242,300 | 33 | ||||||
Silverlake Axis Ltd. | 177,499 | 30 | |||||||
*,§ | Noble Group Ltd. | 192,460 | 11 | ||||||
^,*,§ | Hyflux Ltd. | 54,000 | 8 | ||||||
^,*,§ | Ezra Holdings Ltd. | 344,056 | 3 | ||||||
^,* | Ezion Holdings Ltd. Warrants Exp. 04/16/2023 | 267,303 | — | ||||||
64,275 | |||||||||
South Africa (0.4%) | |||||||||
Naspers Ltd. | 154,262 | 24,011 | |||||||
AngloGold Ashanti Ltd. | 150,277 | 3,668 | |||||||
Standard Bank Group Ltd. | 443,960 | 2,450 | |||||||
FirstRand Ltd. | 1,108,370 | 2,419 | |||||||
Gold Fields Ltd. | 295,729 | 2,201 | |||||||
Sanlam Ltd. | 643,258 | 2,056 | |||||||
MTN Group Ltd. | 637,767 | 1,676 | |||||||
Impala Platinum Holdings Ltd. | 265,845 | 1,586 | |||||||
* | Sibanye Stillwater Ltd. | 775,685 | 1,580 |
77
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Remgro Ltd. | 210,759 | 1,554 | |||||||
Bid Corp. Ltd. | 117,191 | 1,527 | |||||||
Vodacom Group Ltd. | 208,288 | 1,384 | |||||||
Absa Group Ltd. | 264,462 | 1,305 | |||||||
Anglo American Platinum Ltd. | 21,990 | 1,154 | |||||||
Clicks Group Ltd. | 84,367 | 1,051 | |||||||
Growthpoint Properties Ltd. | 1,392,960 | 1,046 | |||||||
Old Mutual Ltd. (XLON) | 1,455,121 | 1,036 | |||||||
Shoprite Holdings Ltd. | 174,652 | 1,011 | |||||||
* | Sasol Ltd. | 207,692 | 986 | ||||||
Bidvest Group Ltd. | 117,996 | 958 | |||||||
Capitec Bank Holdings Ltd. | 19,613 | 956 | |||||||
Nedbank Group Ltd. | 153,920 | 895 | |||||||
* | Aspen Pharmacare Holdings Ltd. | 140,783 | 878 | ||||||
Mondi plc (XJSE) | 43,810 | 781 | |||||||
RMB Holdings Ltd. | 249,824 | 716 | |||||||
* | MultiChoice Group | 143,833 | 674 | ||||||
SPAR Group Ltd. | 69,673 | 664 | |||||||
Discovery Ltd. | 119,228 | 626 | |||||||
Mr Price Group Ltd. | 84,982 | 606 | |||||||
* | Harmony Gold Mining Co. Ltd. | 160,908 | 592 | ||||||
* | Northam Platinum Ltd. | 118,452 | 587 | ||||||
Tiger Brands Ltd. | 60,272 | 587 | |||||||
Woolworths Holdings Ltd. | 330,823 | 545 | |||||||
NEPI Rockcastle plc | 126,356 | 541 | |||||||
Exxaro Resources Ltd. | 84,424 | 490 | |||||||
Life Healthcare Group Holdings Ltd. | 500,767 | 481 | |||||||
PSG Group Ltd. | 54,533 | 466 | |||||||
AVI Ltd. | 106,272 | 450 | |||||||
Resilient REIT Ltd. | 212,080 | 411 | |||||||
Pick n Pay Stores Ltd. | 129,465 | 406 | |||||||
Netcare Ltd. | 479,186 | 402 | |||||||
Rand Merchant Investment Holdings Ltd. | 270,990 | 367 | |||||||
Kumba Iron Ore Ltd. | 16,287 | 307 | |||||||
Investec Ltd. | 144,025 | 300 | |||||||
Momentum Metropolitan Holdings | 316,049 | 296 | |||||||
Foschini Group Ltd. | 72,989 | 286 | |||||||
African Rainbow Minerals Ltd. | 37,465 | 274 | |||||||
Truworths International Ltd. | 159,305 | 251 | |||||||
Barloworld Ltd. | 66,387 | 244 | |||||||
* | Sappi Ltd. | 191,765 | 233 | ||||||
Redefine Properties Ltd. | 1,807,690 | 223 | |||||||
Santam Ltd. | 14,925 | 221 | |||||||
Fortress REIT Ltd. Class A | 399,278 | 219 | |||||||
AECI Ltd. | 45,345 | 182 | |||||||
1 | Dis-Chem Pharmacies Ltd. | 145,496 | 173 | ||||||
Assore Ltd. | 9,574 | 163 | |||||||
JSE Ltd. | 27,929 | 156 | |||||||
Old Mutual Ltd. (XJSE) | 212,753 | 154 | |||||||
Liberty Holdings Ltd. | 40,336 | 153 | |||||||
Equites Property Fund Ltd. | 162,746 | 145 | |||||||
Fortress REIT Ltd. Class B | 1,140,024 | 143 | |||||||
Coronation Fund Managers Ltd. | 72,411 | 141 | |||||||
1 | Pepkor Holdings Ltd. | 205,626 | 134 | ||||||
Telkom SA SOC Ltd. | 117,167 | 130 | |||||||
Reunert Ltd. | 59,789 | 129 | |||||||
DRDGOLD Ltd. | 138,281 | 127 | |||||||
* | Transaction Capital Ltd. | 150,593 | 123 | ||||||
Astral Foods Ltd. | 10,954 | 114 | |||||||
Distell Group Holdings Ltd. | 24,890 | 106 | |||||||
* | Ninety One Ltd. | 46,669 | 98 | ||||||
MAS Real Estate Inc. | 167,179 | 97 | |||||||
Imperial Logistics Ltd. | 53,356 | 94 | |||||||
Hyprop Investments Ltd. | 88,979 | 91 |
78
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
DataTec Ltd. | 67,690 | 89 | |||||||
Motus Holdings Ltd. | 53,356 | 87 | |||||||
Wilson Bayly Holmes-Ovcon Ltd. | 16,909 | 87 | |||||||
* | Super Group Ltd. | 112,906 | 85 | ||||||
* | Omnia Holdings Ltd. | 66,723 | 85 | ||||||
Vukile Property Fund Ltd. | 288,916 | 85 | |||||||
KAP Industrial Holdings Ltd. | 772,227 | 84 | |||||||
�� | Cashbuild Ltd. | 10,081 | 82 | ||||||
Allied Electronics Corp. Ltd. | 71,488 | 79 | |||||||
Investec Property Fund Ltd. | 165,321 | 73 | |||||||
Advtech Ltd. | 151,273 | 71 | |||||||
Peregrine Holdings Ltd. | 69,036 | 70 | |||||||
^,* | Brait SE | 298,262 | 64 | ||||||
* | Metair Investments Ltd. | 79,091 | 63 | ||||||
Emira Property Fund Ltd. | 177,762 | 62 | |||||||
Attacq Ltd. | 191,840 | 56 | |||||||
Adcock Ingram Holdings Ltd. | 22,253 | 53 | |||||||
SA Corporate Real Estate Ltd. | 741,423 | 48 | |||||||
Epp NV | 168,559 | 47 | |||||||
* | Massmart Holdings Ltd. | 31,813 | 42 | ||||||
Zeder Investments Ltd. | 396,625 | 42 | |||||||
Hudaco Industries Ltd. | 11,423 | 41 | |||||||
* | Long4Life Ltd. | 272,592 | 41 | ||||||
Alexander Forbes Group Holdings Ltd. | 171,753 | 37 | |||||||
Famous Brands Ltd. | 16,477 | 36 | |||||||
Grindrod Ltd. | 187,437 | 35 | |||||||
^,* | Steinhoff International Holdings NV (XJSE) | 541,901 | 33 | ||||||
* | PPC Ltd. | 464,396 | 31 | ||||||
Murray & Roberts Holdings Ltd. | 91,208 | 27 | |||||||
* | Sun International Ltd. | 29,661 | 26 | ||||||
Raubex Group Ltd. | 28,017 | 26 | |||||||
Curro Holdings Ltd. | 47,505 | 25 | |||||||
Hosken Consolidated Investments Ltd. | 19,961 | 25 | |||||||
* | Nampak Ltd. | 235,191 | 21 | ||||||
Tsogo Sun Gaming Ltd. | 121,136 | 17 | |||||||
Lewis Group Ltd. | 17,606 | 15 | |||||||
* | Tsogo Sun Hotels Ltd. | 121,136 | 12 | ||||||
* | Blue Label Telecoms Ltd. | 104,957 | 12 | ||||||
City Lodge Hotels Ltd. | 6,063 | 9 | |||||||
* | EOH Holdings Ltd. | 17,157 | 4 | ||||||
Arrowhead Properties Ltd. Class B | 19,272 | 2 | |||||||
* | Steinhoff International Holdings NV (XETR) | 19,964 | 1 | ||||||
75,217 | |||||||||
South Korea (1.4%) | |||||||||
Samsung Electronics Co. Ltd. GDR | 39,170 | 40,703 | |||||||
Samsung Electronics Co. Ltd. | 650,702 | 26,755 | |||||||
SK Hynix Inc. | 184,462 | 12,694 | |||||||
Samsung Electronics Co. Ltd. Preference Shares | 364,030 | 12,619 | |||||||
NAVER Corp. | 47,263 | 7,663 | |||||||
^,* | Celltrion Inc. | 37,031 | 6,400 | ||||||
LG Chem Ltd. | 16,242 | 5,047 | |||||||
Samsung SDI Co. Ltd. | 19,097 | 4,511 | |||||||
Hyundai Motor Co. | 49,833 | 3,852 | |||||||
Shinhan Financial Group Co. Ltd. | 150,414 | 3,813 | |||||||
LG Household & Health Care Ltd. | 3,171 | 3,596 | |||||||
Posco | 22,669 | 3,425 | |||||||
Hyundai Mobis Co. Ltd. | 22,943 | 3,244 | |||||||
NCSoft Corp. | 6,029 | 3,194 | |||||||
Samsung C&T Corp. | 32,731 | 2,866 | |||||||
Kakao Corp. | 18,016 | 2,723 | |||||||
KB Financial Group Inc. | 92,666 | 2,651 | |||||||
KT&G Corp. | 39,100 | 2,611 | |||||||
Hana Financial Group Inc. | 104,046 | 2,375 | |||||||
Kia Motors Corp. | 94,715 | 2,313 |
79
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
*,1 | Samsung Biologics Co. Ltd. | 4,724 | 2,257 | ||||||
Samsung Electro-Mechanics Co. Ltd. | 23,770 | 2,222 | |||||||
SK Holdings Co. Ltd. | 12,373 | 1,847 | |||||||
* | Korea Electric Power Corp. | 93,520 | 1,828 | ||||||
Samsung Fire & Marine Insurance Co. Ltd. | 11,503 | 1,804 | |||||||
SK Innovation Co. Ltd. | 20,693 | 1,669 | |||||||
LG Corp. | 32,563 | 1,657 | |||||||
LG Electronics Inc. | 36,588 | 1,647 | |||||||
* | Celltrion Healthcare Co. Ltd. | 23,573 | 1,634 | ||||||
Amorepacific Corp. | 11,250 | 1,630 | |||||||
Samsung SDS Co. Ltd. | 11,618 | 1,550 | |||||||
* | KB Financial Group Inc. ADR | 48,258 | 1,358 | ||||||
Woori Financial Group Inc. | 186,201 | 1,290 | |||||||
Korea Zinc Co. Ltd. | 3,557 | 1,131 | |||||||
* | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 15,762 | 1,069 | ||||||
Coway Co. Ltd. | 20,683 | 1,048 | |||||||
^,* | HLB Inc. | 12,860 | 1,008 | ||||||
Lotte Chemical Corp. | 5,469 | 972 | |||||||
Samsung Life Insurance Co. Ltd. | 23,229 | 942 | |||||||
SK Telecom Co. Ltd. | 5,062 | 880 | |||||||
Hanjin Kal Corp. | 11,040 | 789 | |||||||
S-Oil Corp. | 13,728 | 788 | |||||||
LG Uplus Corp. | 70,479 | 774 | |||||||
Orion Corp. | 7,538 | 772 | |||||||
Hotel Shilla Co. Ltd. | 10,988 | 768 | |||||||
Samsung Securities Co. Ltd. | 30,764 | 762 | |||||||
Kangwon Land Inc. | 35,752 | 739 | |||||||
Hyundai Heavy Industries Holdings Co. Ltd. | 3,657 | 730 | |||||||
Mirae Asset Daewoo Co. Ltd. | 155,266 | 716 | |||||||
E-MART Inc. | 7,185 | 708 | |||||||
Hyundai Engineering & Construction Co. Ltd. | 24,180 | 701 | |||||||
Hyundai Motor Co. Preference Shares | 14,720 | 691 | |||||||
Industrial Bank of Korea | 105,648 | 688 | |||||||
CJ CheilJedang Corp. | 3,058 | 688 | |||||||
* | LG Display Co. Ltd. | 75,257 | 683 | ||||||
Daelim Industrial Co. Ltd. | 9,085 | 656 | |||||||
GS Home Shopping Inc. | 6,127 | 642 | |||||||
Hyundai Glovis Co. Ltd. | 7,212 | 603 | |||||||
GS Holdings Corp. | 18,512 | 582 | |||||||
Shinsegae Inc. | 2,676 | 581 | |||||||
Yuhan Corp. | 14,940 | 580 | |||||||
SK Telecom Co. Ltd. ADR | 30,122 | 576 | |||||||
Korea Investment Holdings Co. Ltd. | 13,564 | 562 | |||||||
DB Insurance Co. Ltd. | 15,290 | 558 | |||||||
LG Household & Health Care Ltd. Preference Shares | 920 | 547 | |||||||
Kolon Industries Inc. | 21,424 | 543 | |||||||
LG Innotek Co. Ltd. | 4,939 | 535 | |||||||
* | KMW Co. Ltd. | 10,548 | 525 | ||||||
Hanmi Pharm Co. Ltd. | 2,429 | 518 | |||||||
* | Samsung Engineering Co. Ltd. | 54,891 | 518 | ||||||
S-1 Corp. | 7,048 | 501 | |||||||
*,1 | Netmarble Corp. | 6,365 | 500 | ||||||
* | Samsung Heavy Industries Co. Ltd. | 141,005 | 496 | ||||||
Fila Holdings Corp. | 17,105 | 489 | |||||||
Hyundai Motor Co. 2nd Preference Shares | 9,677 | 467 | |||||||
AMOREPACIFIC Group | 9,748 | 467 | |||||||
Hyundai Marine & Fire Insurance Co. Ltd. | 20,905 | 452 | |||||||
LG Chem Ltd. Preference Shares | 3,180 | 452 | |||||||
BNK Financial Group Inc. | 106,306 | 442 | |||||||
Hankook Tire & Technology Co. Ltd. | 24,758 | 434 | |||||||
Douzone Bizon Co. Ltd. | 5,911 | 428 | |||||||
Korea Aerospace Industries Ltd. | 20,294 | 428 | |||||||
Hyundai Steel Co. | 23,945 | 426 | |||||||
Kumho Petrochemical Co. Ltd. | 6,429 | 405 |
80
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Celltrion Pharm Inc. | 6,943 | 404 | ||||||
^ | Seegene Inc. | 5,276 | 397 | ||||||
Hanon Systems | 52,224 | 393 | |||||||
* | Helixmith Co. Ltd. | 7,131 | 390 | ||||||
Hanwha Corp. | 22,686 | 387 | |||||||
* | Genexine Co. Ltd. | 7,050 | 382 | ||||||
GS Engineering & Construction Corp. | 17,955 | 375 | |||||||
Cheil Worldwide Inc. | 25,636 | 374 | |||||||
Hyundai Department Store Co. Ltd. | 6,181 | 369 | |||||||
CJ ENM Co. Ltd. | 3,394 | 357 | |||||||
NH Investment & Securities Co. Ltd. | 43,432 | 346 | |||||||
Amorepacific Corp. Preference Shares | 6,323 | 325 | |||||||
* | Pearl Abyss Corp. | 2,057 | 325 | ||||||
^ | POSCO Chemical Co. Ltd. | 7,607 | 325 | ||||||
Hanwha Solutions Corp. | 27,123 | 325 | |||||||
* | Shinhan Financial Group Co. Ltd. ADR | 12,682 | 324 | ||||||
* | Pharmicell Co. Ltd. | 20,513 | 320 | ||||||
DB HiTek Co. Ltd. | 14,391 | 316 | |||||||
Bukwang Pharmaceutical Co. Ltd. | 14,506 | 309 | |||||||
* | HMM Co. Ltd. | 103,634 | 308 | ||||||
* | CJ Logistics Corp. | 2,507 | 304 | ||||||
Hanwha Corp. Preference Shares | 31,566 | 296 | |||||||
NICE Holdings Co. Ltd. | 17,898 | 293 | |||||||
Lotte Shopping Co. Ltd. | 3,498 | 286 | |||||||
^ | Lotte Corp. | 8,466 | 279 | ||||||
BGF retail Co. Ltd. | 2,109 | 273 | |||||||
Com2uSCorp | 3,077 | 271 | |||||||
SKC Co. Ltd. | 6,598 | 269 | |||||||
GS Retail Co. Ltd. | 8,613 | 268 | |||||||
NongShim Co. Ltd. | 1,103 | 267 | |||||||
Dongsuh Cos. Inc. | 18,696 | 265 | |||||||
^ | Koh Young Technology Inc. | 3,972 | 265 | ||||||
* | Hanwha Aerospace Co. Ltd. | 11,996 | 264 | ||||||
* | WONIK IPS Co. Ltd. | 11,510 | 263 | ||||||
* | Korean Air Lines Co. Ltd. | 16,001 | 262 | ||||||
Hite Jinro Co. Ltd. | 9,683 | 258 | |||||||
CJ Corp. | 3,841 | 257 | |||||||
Hyundai Elevator Co. Ltd. | 4,996 | 255 | |||||||
LEENO Industrial Inc. | 3,432 | 252 | |||||||
* | Hugel Inc. | 788 | 247 | ||||||
* | Hyundai Rotem Co. Ltd. | 16,361 | 243 | ||||||
* | Alteogen Inc. | 3,125 | 242 | ||||||
Meritz Securities Co. Ltd. | 89,383 | 241 | |||||||
Samsung Card Co. Ltd. | 9,501 | 235 | |||||||
Green Cross Corp. | 1,884 | 230 | |||||||
Mirae Asset Daewoo Co. Ltd. Preference Shares | 90,602 | 229 | |||||||
JB Financial Group Co. Ltd. | 57,051 | 227 | |||||||
* | Hanall Biopharma Co. Ltd. | 11,383 | 227 | ||||||
^,* | Mezzion Pharma Co. Ltd. | 1,770 | 227 | ||||||
Hansol Chemical Co. Ltd. | 3,157 | 223 | |||||||
KCC Corp. | 1,634 | 222 | |||||||
SK Networks Co. Ltd. | 49,736 | 220 | |||||||
* | Pan Ocean Co. Ltd. | 75,465 | 213 | ||||||
DGB Financial Group Inc. | 48,829 | 212 | |||||||
HDC Hyundai Development Co-Engineering & Construction | 13,619 | 211 | |||||||
Korea Gas Corp. | 9,521 | 210 | |||||||
* | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 14,757 | 208 | ||||||
Youngone Corp. | 9,226 | 207 | |||||||
* | GemVax & Kael Co. Ltd. | 11,309 | 206 | ||||||
SFA Engineering Corp. | 7,090 | 204 | |||||||
Meritz Fire & Marine Insurance Co. Ltd. | 17,906 | 204 | |||||||
Posco ADR | 5,462 | 203 | |||||||
Ottogi Corp. | 454 | 203 | |||||||
* | OCI Co. Ltd. | 6,152 | 202 |
81
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Innocean Worldwide Inc. | 4,216 | 202 | |||||||
Mando Corp. | 10,335 | 202 | |||||||
KIWOOM Securities Co. Ltd. | 3,278 | 201 | |||||||
Binggrae Co. Ltd. | 3,796 | 200 | |||||||
Hyundai Mipo Dockyard Co. Ltd. | 7,746 | 196 | |||||||
Korean Reinsurance Co. | 28,052 | 194 | |||||||
* | Byucksan Corp. | 149,285 | 194 | ||||||
SK Materials Co. Ltd. | 1,471 | 191 | |||||||
Posco International Corp. | 16,152 | 188 | |||||||
* | Amicogen Inc. | 8,149 | 188 | ||||||
KEPCO Plant Service & Engineering Co. Ltd. | 6,992 | 187 | |||||||
SK Chemicals Co. Ltd. | 2,928 | 186 | |||||||
* | Chabiotech Co. Ltd. | 12,984 | 182 | ||||||
* | Komipharm International Co. Ltd. | 11,261 | 182 | ||||||
TK Corp. | 30,656 | 182 | |||||||
LS Corp. | 5,861 | 181 | |||||||
Soulbrain Co. Ltd. | 2,999 | 181 | |||||||
^,* | SillaJen Inc. | 17,385 | 180 | ||||||
Paradise Co. Ltd. | 13,822 | 179 | |||||||
* | HLB Life Science Co. Ltd. | 11,518 | 179 | ||||||
LOTTE Fine Chemical Co. Ltd. | 5,575 | 179 | |||||||
Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 1,664 | 179 | |||||||
Hanssem Co. Ltd. | 2,954 | 177 | |||||||
Silicon Works Co. Ltd. | 7,093 | 176 | |||||||
DongKook Pharmaceutical Co. Ltd. | 2,251 | 175 | |||||||
F&F Co. Ltd. | 1,973 | 173 | |||||||
Taeyoung Engineering & Construction Co. Ltd. | 14,607 | 173 | |||||||
Posco ICT Co. Ltd. | 47,389 | 172 | |||||||
* | NHN Corp. | 2,746 | 172 | ||||||
Chong Kun Dang Pharmaceutical Corp. | 2,131 | 170 | |||||||
* | Doosan Infracore Co. Ltd. | 48,176 | 169 | ||||||
^ | Ssangyong Cement Industrial Co. Ltd. | 39,905 | 168 | ||||||
Doosan Bobcat Inc. | 8,654 | 167 | |||||||
Eo Technics Co. Ltd. | 2,799 | 167 | |||||||
DoubleUGames Co. Ltd. | 3,487 | 166 | |||||||
* | Eusu Holdings Co. Ltd. | 33,900 | 166 | ||||||
Hyosung Corp. | 2,867 | 164 | |||||||
Huons Co. Ltd. | 4,062 | 162 | |||||||
Hanil Cement Co. Ltd. | 2,278 | 160 | |||||||
Hyundai Wia Corp. | 5,852 | 159 | |||||||
NICE Information Service Co. Ltd. | 10,929 | 158 | |||||||
* | Daewoo Engineering & Construction Co. Ltd. | 52,895 | 155 | ||||||
LS Electric Co. Ltd. | 4,746 | 153 | |||||||
* | ST Pharm Co. Ltd. | 5,608 | 151 | ||||||
Iljin Materials Co. Ltd. | 4,510 | 148 | |||||||
* | Oscotec Inc. | 7,991 | 147 | ||||||
^ | Cosmax Inc. | 2,006 | 147 | ||||||
NEPES Corp. | 6,078 | 145 | |||||||
Hanjin Transportation Co. Ltd. | 3,757 | 143 | |||||||
Green Cross Holdings Corp. | 8,097 | 141 | |||||||
Kolmar Korea Co. Ltd. | 4,041 | 141 | |||||||
§ | Daeduck Electronics Co. | 20,587 | 141 | ||||||
Medy-Tox Inc. | 1,471 | 140 | |||||||
JYP Entertainment Corp. | 8,113 | 138 | |||||||
* | Yungjin Pharmaceutical Co. Ltd. | 33,594 | 137 | ||||||
* | Kumho Tire Co. Inc. | 54,297 | 137 | ||||||
^ | Hana Tour Service Inc. | 3,906 | 136 | ||||||
* | Doosan Heavy Industries & Construction Co. Ltd. | 41,777 | 136 | ||||||
* | Kuk-il Paper Manufacturing Co. Ltd. | 26,987 | 135 | ||||||
Hyundai Home Shopping Network Corp. | 2,274 | 134 | |||||||
LG International Corp. | 12,382 | 134 | |||||||
Sam Young Electronics Co. Ltd. | 21,883 | 131 | |||||||
Taekwang Industrial Co. Ltd. | 199 | 131 | |||||||
Cuckoo Holdings Co. Ltd. | 1,745 | 130 |
82
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Studio Dragon Corp. | 2,043 | 128 | ||||||
Shinsegae International Inc. | 713 | 128 | |||||||
Dong-A Socio Holdings Co. Ltd. | 1,767 | 127 | |||||||
* | Innox Advanced Materials Co. Ltd. | 4,129 | 124 | ||||||
Sam Chun Dang Pharm Co. Ltd. | 4,904 | 124 | |||||||
* | Naturecell Co. Ltd. | 13,593 | 123 | ||||||
Seoul Semiconductor Co. Ltd. | 11,359 | 123 | |||||||
Daewoong Pharmaceutical Co. Ltd. | 1,404 | 123 | |||||||
Ecopro BM Co. Ltd. | 2,036 | 122 | |||||||
* | Neowiz | 8,470 | 121 | ||||||
Daishin Securities Co. Ltd. | 14,831 | 121 | |||||||
Youlchon Chemical Co. Ltd. | 9,736 | 121 | |||||||
* | Humax Co. Ltd. | 42,544 | 120 | ||||||
iMarketKorea Inc. | 14,356 | 119 | |||||||
^,* | G-treeBNT Co. Ltd. | 5,748 | 118 | ||||||
* | Ananti Inc. | 14,330 | 118 | ||||||
* | SM Entertainment Co. Ltd. | 5,163 | 118 | ||||||
* | LegoChem Biosciences Inc. | 2,932 | 118 | ||||||
Toptec Co. Ltd. | 6,950 | 117 | |||||||
* | CMG Pharmaceutical Co. Ltd. | 37,284 | 117 | ||||||
LOTTE Himart Co. Ltd. | 5,257 | 116 | |||||||
* | Enzychem Lifesciences Corp. | 1,879 | 116 | ||||||
* | ABLBio Inc. | 7,730 | 115 | ||||||
Dong-A ST Co. Ltd. | 1,528 | 115 | |||||||
^ | Daea TI Co. Ltd. | 21,668 | 114 | ||||||
* | CJ CGV Co. Ltd. | 5,088 | 112 | ||||||
Hanwha Life Insurance Co. Ltd. | 75,081 | 112 | |||||||
* | Duk San Neolux Co. Ltd. | 4,300 | 111 | ||||||
SKCKOLONPI Inc. | 4,090 | 111 | |||||||
* | CrystalGenomics Inc. | 10,250 | 110 | ||||||
AfreecaTV Co. Ltd. | 2,207 | 109 | |||||||
Huchems Fine Chemical Corp. | 7,579 | 109 | |||||||
* | Binex Co. Ltd. | 11,366 | 108 | ||||||
Daou Technology Inc. | 7,947 | 107 | |||||||
Korea Real Estate Investment & Trust Co. Ltd. | 69,006 | 107 | |||||||
* | SFA Semicon Co. Ltd. | 24,569 | 106 | ||||||
Handsome Co. Ltd. | 5,208 | 105 | |||||||
Grand Korea Leisure Co. Ltd. | 8,051 | 105 | |||||||
Chongkundang Holdings Corp. | 1,116 | 105 | |||||||
* | Medipost Co. Ltd. | 4,816 | 104 | ||||||
Hyundai Greenfood Co. Ltd. | 15,539 | 104 | |||||||
Hanmi Science Co. ltd | 4,413 | 104 | |||||||
Mirae Asset Life Insurance Co. Ltd. | 34,106 | 101 | |||||||
Meritz Financial Group Inc. | 12,474 | 101 | |||||||
HDC Holdings Co. Ltd. | 13,059 | 100 | |||||||
Korea Petrochemical Ind Co. Ltd. | 862 | 100 | |||||||
Dongjin Semichem Co. Ltd. | 7,670 | 99 | |||||||
Ahnlab Inc. | 2,032 | 97 | |||||||
Dongwon F&B Co. Ltd. | 596 | 97 | |||||||
HS Industries Co. Ltd. | 14,294 | 97 | |||||||
Hyosung TNC Co. Ltd. | 899 | 96 | |||||||
Orion Holdings Corp. | 8,252 | 96 | |||||||
Poongsan Corp. | 5,496 | 95 | |||||||
LG Electronics Inc. Preference Shares | 5,454 | 95 | |||||||
Ilyang Pharmaceutical Co. Ltd. | 3,501 | 94 | |||||||
Kwang Dong Pharmaceutical Co. Ltd. | 18,830 | 94 | |||||||
Hansol Paper Co. Ltd. | 7,240 | 94 | |||||||
Daesang Corp. | 5,170 | 93 | |||||||
Mcnex Co. Ltd. | 3,792 | 92 | |||||||
Wemade Co. Ltd. | 4,709 | 92 | |||||||
Daewoong Co. Ltd. | 6,449 | 92 | |||||||
Ecopro Co. Ltd. | 5,513 | 92 | |||||||
^,* | Lotte Tour Development Co. Ltd. | 9,679 | 91 | ||||||
Samyang Holdings Corp. | 2,219 | 91 |
83
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Samwha Capacitor Co. Ltd. | 2,246 | 90 | |||||||
* | Hyundai Bioscience Co. Ltd. | 10,015 | 89 | ||||||
* | Webzen Inc. | 6,293 | 86 | ||||||
* | Telcon RF Pharmaceutical Inc. | 20,867 | 86 | ||||||
i-SENS Inc. | 4,404 | 85 | |||||||
SK Securities Co. Ltd. | 159,590 | 85 | |||||||
* | Asiana Airlines Inc. | 24,495 | 84 | ||||||
Youngone Holdings Co. Ltd. | 2,479 | 84 | |||||||
LG Hausys Ltd. | 1,962 | 83 | |||||||
* | Yuanta Securities Korea Co. Ltd. | 38,496 | 82 | ||||||
OptoElectronics Solutions Co. Ltd. | 2,511 | 81 | |||||||
* | YG Entertainment Inc. | 3,272 | 80 | ||||||
Foosung Co. Ltd. | 14,322 | 79 | |||||||
INTOPS Co. Ltd. | 8,786 | 79 | |||||||
* | Doosan Solus Co. Ltd. | 2,880 | 79 | ||||||
Dongwon Industries Co. Ltd. | 415 | 78 | |||||||
Jeil Pharmaceutical Co. Ltd. | 3,563 | 77 | |||||||
* | BH Co. Ltd. | 5,592 | 77 | ||||||
Maeil Dairies Co. Ltd. | 1,169 | 77 | |||||||
Dawonsys Co. Ltd. | 5,674 | 77 | |||||||
Sangsangin Co. Ltd. | 11,917 | 77 | |||||||
* | Seobu T&D | 16,517 | 76 | ||||||
* | Osstem Implant Co. Ltd. | 2,787 | 75 | ||||||
* | SBS Media Holdings Co. Ltd. | 47,697 | 75 | ||||||
^,* | CUROCOM Co. Ltd. | 39,320 | 74 | ||||||
* | Eutilex Co. Ltd. | 1,480 | 74 | ||||||
KEPCO Engineering & Construction Co. Inc. | 5,282 | 73 | |||||||
Hansae Co. Ltd. | 7,440 | 73 | |||||||
SL Corp. | 6,678 | 73 | |||||||
Cuckoo Homesys Co. Ltd. | 2,535 | 73 | |||||||
Sebang Global Battery Co. Ltd. | 3,049 | 72 | |||||||
L&F Co. Ltd. | 4,546 | 72 | |||||||
JW Pharmaceutical Corp. | 2,970 | 72 | |||||||
Lotte Chilsung Beverage Co. Ltd. | 790 | 71 | |||||||
Partron Co. Ltd. | 10,577 | 70 | |||||||
Advanced Process Systems Corp. | 3,239 | 69 | |||||||
Vieworks Co. Ltd. | 2,342 | 68 | |||||||
Samchully Co. Ltd. | 1,099 | 67 | |||||||
* | Stcube | 7,603 | 66 | ||||||
^,* | Dentium Co. Ltd. | 2,128 | 66 | ||||||
* | DIO Corp. | 2,745 | 65 | ||||||
^ | BGF Co. Ltd. | 16,233 | 64 | ||||||
^,* | Able C&C Co. Ltd. | 7,592 | 63 | ||||||
* | iNtRON Biotechnology Inc. | 5,970 | 63 | ||||||
Hyosung Chemical Corp. | 663 | 63 | |||||||
* | Hyosung Advanced Materials Corp. | 931 | 63 | ||||||
* | Cafe24 Corp. | 1,679 | 61 | ||||||
KISWIRE Ltd. | 5,113 | 61 | |||||||
^,* | Inscobee Inc. | 25,963 | 60 | ||||||
Halla Holdings Corp. | 2,411 | 60 | |||||||
LIG Nex1 Co. Ltd. | 2,755 | 59 | |||||||
Modetour Network Inc. | 5,428 | 58 | |||||||
IS Dongseo Co. Ltd. | 2,765 | 58 | |||||||
Namhae Chemical Corp. | 8,782 | 56 | |||||||
* | Dongsung Pharmaceutical Co. Ltd. | 5,053 | 56 | ||||||
S&T Motiv Co. Ltd. | 1,871 | 55 | |||||||
Kumho Industrial Co. Ltd. | 8,282 | 55 | |||||||
* | Wonik Holdings Co. Ltd. | 17,538 | 55 | ||||||
* | Dongkuk Steel Mill Co. Ltd. | 15,616 | 55 | ||||||
* | Hyundai Construction Equipment Co. Ltd. | 3,580 | 54 | ||||||
^,* | Aprogen pharmaceuticals Inc. | 31,444 | 54 | ||||||
Dae Han Flour Mills Co. Ltd. | 505 | 54 | |||||||
SK Discovery Co. Ltd. | 2,598 | 54 | |||||||
LF Corp. | 4,969 | 54 |
84
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
ICD Co. Ltd. | 4,187 | 53 | |||||||
* | Anterogen Co. Ltd. | 1,829 | 53 | ||||||
^,* | Feelux Co. Ltd. | 12,362 | 52 | ||||||
Doosan Co. Ltd. | 1,562 | 52 | |||||||
Tongyang Inc. | 50,362 | 52 | |||||||
Songwon Industrial Co. Ltd. | 4,340 | 51 | |||||||
Lotte Food Co. Ltd. | 162 | 51 | |||||||
* | Vidente Co. Ltd. | 9,421 | 51 | ||||||
S&T Dynamics Co. Ltd. | 11,365 | 51 | |||||||
SK Gas Ltd. | 797 | 50 | |||||||
TES Co. Ltd. | 2,989 | 49 | |||||||
Harim Holdings Co. Ltd. | 8,995 | 47 | |||||||
* | Lock&Lock Co. Ltd. | 5,144 | 47 | ||||||
LG HelloVision Co. Ltd. | 12,615 | 47 | |||||||
Jusung Engineering Co. Ltd. | 10,459 | 47 | |||||||
AK Holdings Inc. | 2,228 | 46 | |||||||
* | NKMax Co. Ltd. | 4,640 | 46 | ||||||
SeAH Steel Holdings Corp. | 1,906 | 45 | |||||||
Nexen Tire Corp. | 9,585 | 45 | |||||||
Kolon Corp. | 3,096 | 45 | |||||||
* | Samsung Pharmaceutical Co. Ltd. | 13,586 | 45 | ||||||
SPC Samlip Co. Ltd. | 758 | 45 | |||||||
JW Holdings Corp. | 10,890 | 44 | |||||||
Daekyo Co. Ltd. | 11,162 | 44 | |||||||
Korea Electric Terminal Co. Ltd. | 1,823 | 43 | |||||||
Hankook Technology Group Co. Ltd. | 5,128 | 43 | |||||||
* | Hanwha Investment & Securities Co. Ltd. | 28,944 | 42 | ||||||
Hankook Shell Oil Co. Ltd. | 194 | 42 | |||||||
Green Cross Cell Corp. | 1,282 | 41 | |||||||
KC Tech Co. Ltd. | 2,755 | 41 | |||||||
NS Shopping Co. Ltd. | 6,400 | 41 | |||||||
Eugene Investment & Securities Co. Ltd. | 17,472 | 41 | |||||||
* | KH Vatec Co. Ltd. | 2,613 | 40 | ||||||
^,* | GNCO Co. Ltd. | 33,968 | 40 | ||||||
Namyang Dairy Products Co. Ltd. | 148 | 39 | |||||||
Young Poong Corp. | 91 | 39 | |||||||
*,§ | Hansol Holdings Co. Ltd. | 15,649 | 39 | ||||||
* | Hanwha General Insurance Co. Ltd. | 21,067 | 38 | ||||||
KTB Investment & Securities Co. Ltd. | 17,627 | 37 | |||||||
^,* | Peptron Inc. | 2,998 | 37 | ||||||
* | Insun ENT Co. Ltd. | 6,166 | 37 | ||||||
* | KCC Glass Corp. | 1,536 | 36 | ||||||
Lotte Confectionery Co. Ltd. | 340 | 36 | |||||||
Interpark Holdings Corp. | 23,623 | 36 | |||||||
CJ Freshway Corp. | 2,037 | 35 | |||||||
* | Korea Line Corp. | 2,370 | 35 | ||||||
§ | Woongjin Thinkbig Co. Ltd. | 15,509 | 35 | ||||||
Samyang Corp. | 1,042 | 34 | |||||||
InBody Co. Ltd. | 2,162 | 33 | |||||||
* | Doosan Fuel Cell Co. Ltd. | 5,226 | 32 | ||||||
Korea Asset In Trust Co. Ltd. | 15,472 | 31 | |||||||
* | Taihan Electric Wire Co. Ltd. | 58,282 | 31 | ||||||
* | Hyundai Electric & Energy System Co. Ltd. | 4,423 | 30 | ||||||
E1 Corp. | 1,024 | 29 | |||||||
* | Hyosung Heavy Industries Corp. | 1,938 | 29 | ||||||
It’s Hanbul Co. Ltd. | 2,175 | 27 | |||||||
* | Interflex Co. Ltd. | 3,142 | 26 | ||||||
Seah Besteel Corp. | 3,350 | 26 | |||||||
* | Lutronic Corp. | 5,622 | 25 | ||||||
DB Financial Investment Co. Ltd. | 8,526 | 25 | |||||||
* | Homecast Co. Ltd. | 8,376 | 25 | ||||||
* | Coreana Cosmetics Co. Ltd. | 5,638 | 24 | ||||||
Kyobo Securities Co. Ltd. | 4,032 | 24 | |||||||
*,§ | KONA I Co. Ltd. | 2,218 | 24 |
85
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Sindoh Co. Ltd. | 1,039 | 24 | |||||||
* | COSON Co. Ltd. | 4,916 | 23 | ||||||
Aekyung Industrial Co. Ltd. | 984 | 23 | |||||||
KISCO Corp. | 7,103 | 23 | |||||||
KC Co. Ltd. | 2,009 | 23 | |||||||
* | Hancom Inc. | 2,196 | 23 | ||||||
Cell Biotech Co. Ltd. | 1,908 | 23 | |||||||
KT Skylife Co. Ltd. | 3,297 | 21 | |||||||
Huons Global Co. Ltd. | 819 | 21 | |||||||
Dae Hwa Pharmaceutical Co. Ltd. | 2,420 | 21 | |||||||
* | Agabang&Company | 7,227 | 20 | ||||||
Humedix Co. Ltd. | 1,152 | 19 | |||||||
Sungwoo Hitech Co. Ltd. | 7,123 | 17 | |||||||
^,*,§ | Cellumed Co. Ltd. | 3,487 | 17 | ||||||
Kolmar Korea Holdings Co. Ltd. | 919 | 17 | |||||||
^ | HLB Inc. Rights Exp. 05/29/2020 | 1,146 | 16 | ||||||
GOLFZON Co. Ltd. | 342 | 15 | |||||||
Hanil Holdings Co. Ltd. | 426 | 15 | |||||||
Hyundai Livart Furniture Co. Ltd. | 1,541 | 15 | |||||||
*,§ | Yuyang DNU Co. Ltd. | 14,731 | 15 | ||||||
* | Hansol Technics Co. Ltd. | 2,839 | 14 | ||||||
SeAH Steel Corp. | 390 | 13 | |||||||
^,* | Ssangyong Motor Co. | 9,829 | 13 | ||||||
Tongyang Life Insurance Co. Ltd. | 4,930 | 12 | |||||||
Hyundai Corp. | 941 | 11 | |||||||
Sung Kwang Bend Co. Ltd. | 2,178 | 11 | |||||||
* | Muhak Co. Ltd. | 1,944 | 10 | ||||||
^,* | Esmo Corp. | 27,286 | 10 | ||||||
* | Taewoong Co. Ltd. | 1,783 | 8 | ||||||
* | Lumens Co. Ltd. | 5,290 | 8 | ||||||
*,§ | CNK International Co. Ltd. | 78 | — | ||||||
251,095 | |||||||||
Spain (0.7%) | |||||||||
* | Iberdrola SA | 2,117,533 | 21,065 | ||||||
Banco Santander SA (XMAD) | 5,440,768 | 12,157 | |||||||
Industria de Diseno Textil SA | 374,740 | 9,598 | |||||||
Banco Bilbao Vizcaya Argentaria SA | 2,340,615 | 7,651 | |||||||
Telefonica SA | 1,631,492 | 7,460 | |||||||
Amadeus IT Group SA | 147,180 | 7,025 | |||||||
1 | Cellnex Telecom SA | 97,573 | 5,104 | ||||||
* | Repsol SA | 509,218 | 4,622 | ||||||
* | Ferrovial SA | 168,709 | 4,224 | ||||||
Grifols SA | 109,739 | 3,745 | |||||||
*,1 | Aena SME SA | 25,274 | 3,199 | ||||||
Red Electrica Corp. SA | 154,753 | 2,724 | |||||||
Endesa SA | 114,361 | 2,537 | |||||||
CaixaBank SA | 1,402,725 | 2,524 | |||||||
* | ACS Actividades de Construccion y Servicios SA | 88,430 | 2,211 | ||||||
Enagas SA | 87,288 | 2,037 | |||||||
Naturgy Energy Group SA | 106,899 | 1,889 | |||||||
Inmobiliaria Colonial Socimi SA | 121,001 | 1,169 | |||||||
* | Siemens Gamesa Renewable Energy SA | 77,948 | 1,160 | ||||||
Merlin Properties Socimi SA | 112,431 | 1,043 | |||||||
Bankinter SA | 252,308 | 1,042 | |||||||
Bolsas y Mercados Espanoles SHMSF SA | 27,387 | 999 | |||||||
Viscofan SA | 13,510 | 866 | |||||||
Banco de Sabadell SA | 1,989,273 | 825 | |||||||
Acciona SA | 7,065 | 700 | |||||||
Mapfre SA | 375,765 | 690 | |||||||
Ebro Foods SA | 28,572 | 608 | |||||||
* | Masmovil Ibercom SA | 29,023 | 548 | ||||||
Banco Santander SA ADR | 246,588 | 535 | |||||||
Zardoya Otis SA | 66,393 | 462 | |||||||
Bankia SA | 453,021 | 461 | |||||||
86
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Banco Santander SA (XMEX) | 195,913 | 423 | |||||||
Acerinox SA | 54,520 | 411 | |||||||
Melia Hotels International SA | 88,727 | 407 | |||||||
Faes Farma SA | 89,838 | 393 | |||||||
Cia de Distribucion Integral Logista Holdings SA | 21,015 | 375 | |||||||
* | Indra Sistemas SA | 42,840 | 369 | ||||||
* | Pharma Mar SA | 59,991 | 359 | ||||||
Applus Services SA | 47,724 | 313 | |||||||
CIE Automotive SA | 17,148 | 299 | |||||||
1 | Gestamp Automocion SA | 118,433 | 297 | ||||||
* | Almirall SA | 22,677 | 292 | ||||||
Grifols SA Preference Shares | 13,848 | 285 | |||||||
* | Fluidra SA | 21,756 | 242 | ||||||
Construcciones y Auxiliar de Ferrocarriles SA | 7,051 | 241 | |||||||
* | Sacyr SA | 128,465 | 241 | ||||||
1 | Euskaltel SA | 29,552 | 236 | ||||||
*,1 | Neinor Homes SA | 26,333 | 231 | ||||||
Prosegur Cia de Seguridad SA | 98,413 | 217 | |||||||
* | Mediaset Espana Comunicacion SA | 52,714 | 189 | ||||||
* | Tecnicas Reunidas SA | 10,072 | 154 | ||||||
1 | Unicaja Banco SA | 284,134 | 154 | ||||||
^ | Ence Energia y Celulosa SA | 44,717 | 144 | ||||||
*,1 | Aedas Homes SA | 6,664 | 102 | ||||||
^,* | Distribuidora Internacional de Alimentacion SA | 698,255 | 101 | ||||||
1 | Prosegur Cash SA | 110,532 | 96 | ||||||
Liberbank SA | 481,493 | 96 | |||||||
*,1 | Global Dominion Access SA | 31,040 | 95 | ||||||
Atresmedia Corp. de Medios de Comunicacion SA | 33,387 | 86 | |||||||
Lar Espana Real Estate Socimi SA | 21,012 | 86 | |||||||
* | Promotora de Informaciones SA | 127,116 | 84 | ||||||
1 | Metrovacesa SA | 14,260 | 79 | ||||||
NH Hotel Group SA | 7,070 | 25 | |||||||
*,§ | Let’s GOWEX SA | 3,921 | — | ||||||
118,002 | |||||||||
Sweden (0.9%) | |||||||||
Telefonaktiebolaget LM Ericsson Class B | 1,052,384 | 8,991 | |||||||
Investor AB Class B | 173,428 | 8,619 | |||||||
Atlas Copco AB Class A | 217,749 | 7,505 | |||||||
* | Essity AB Class B | 219,611 | 7,114 | ||||||
* | Volvo AB Class B | 538,913 | 6,906 | ||||||
* | Sandvik AB | 379,986 | 5,845 | ||||||
^,* | Assa Abloy AB Class B | 322,585 | 5,775 | ||||||
* | Svenska Handelsbanken AB Class A | 522,952 | 4,773 | ||||||
Atlas Copco AB Class B | 144,094 | 4,457 | |||||||
* | Hexagon AB Class B | 89,888 | 4,411 | ||||||
* | Swedbank AB Class A | 366,638 | 4,339 | ||||||
* | Skandinaviska Enskilda Banken AB Class A | 525,172 | 4,323 | ||||||
Hennes & Mauritz AB Class B | 314,304 | 4,296 | |||||||
Swedish Match AB | 60,046 | 3,711 | |||||||
Telia Co. AB | 922,600 | 3,208 | |||||||
Tele2 AB | 191,811 | 2,473 | |||||||
* | Skanska AB Class B | 128,672 | 2,448 | ||||||
* | Svenska Cellulosa AB SCA Class B | 224,132 | 2,377 | ||||||
Epiroc AB Class A | 236,485 | 2,367 | |||||||
Skf AB | 141,310 | 2,230 | |||||||
* | Alfa Laval AB | 115,065 | 2,150 | ||||||
^ | Nibe Industrier AB Class B | 110,247 | 2,057 | ||||||
1 | Evolution Gaming Group AB | 43,781 | 2,005 | ||||||
^ | Boliden AB | 98,268 | 1,981 | ||||||
Investor AB Class A | 38,280 | 1,888 | |||||||
Kinnevik AB | 86,711 | 1,782 | |||||||
Castellum AB | 98,958 | 1,736 | |||||||
* | Industrivarden AB Class A | 82,452 | 1,692 | ||||||
Lundin Energy AB | 63,716 | 1,639 |
87
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Getinge AB | 79,568 | 1,525 | ||||||
Fabege AB | 121,613 | 1,441 | |||||||
* | Fastighets AB Balder Class B | 35,299 | 1,395 | ||||||
Epiroc AB Class B | 129,457 | 1,277 | |||||||
^ | Securitas AB Class B | 104,301 | 1,234 | ||||||
* | Swedish Orphan Biovitrum AB | 63,974 | 1,226 | ||||||
Elekta AB Class B | 134,710 | 1,224 | |||||||
^,* | ICA Gruppen AB | 27,686 | 1,211 | ||||||
Indutrade AB | 36,220 | 1,164 | |||||||
* | L E Lundbergforetagen AB Class B | 27,568 | 1,157 | ||||||
Electrolux AB Class B | 79,280 | 1,084 | |||||||
* | Trelleborg AB Class B | 83,705 | 1,066 | ||||||
* | Industrivarden AB Class C | 51,904 | 1,062 | ||||||
Aak AB | 62,394 | 1,019 | |||||||
* | EQT AB | 69,895 | 966 | ||||||
* | Holmen AB | 33,555 | 963 | ||||||
Axfood AB | 39,318 | 836 | |||||||
Husqvarna AB | 138,819 | 835 | |||||||
*,1 | Dometic Group AB | 121,601 | 813 | ||||||
* | Sweco AB Class B | 22,370 | 764 | ||||||
BillerudKorsnas AB | 59,033 | 744 | |||||||
* | Samhallsbyggnadsbolaget i Norden AB Ordinary Shares | 381,533 | 739 | ||||||
* | Lifco AB Class B | 15,257 | 721 | ||||||
* | Saab AB Class B | 31,604 | 721 | ||||||
Loomis AB Class B | 28,386 | 692 | |||||||
* | Wihlborgs Fastigheter AB | 44,260 | 632 | ||||||
* | Hexpol AB | 86,115 | 619 | ||||||
1 | Thule Group AB | 32,923 | 614 | ||||||
Wallenstam AB | 57,901 | 600 | |||||||
Investment AB Latour Class B | 40,009 | 598 | |||||||
AF Poyry AB | 32,798 | 596 | |||||||
*,1 | Bravida Holding AB | 68,786 | 555 | ||||||
Nordic Entertainment Group AB Class B | 22,612 | 536 | |||||||
Peab AB Class B | 68,429 | 521 | |||||||
Avanza Bank Holding AB | 42,615 | 515 | |||||||
NCC AB Class B | 32,820 | 500 | |||||||
Kungsleden AB | 65,640 | 500 | |||||||
* | AddTech AB | 18,126 | 491 | ||||||
Hufvudstaden AB Class A | 37,568 | 481 | |||||||
Vitrolife AB | 26,073 | 473 | |||||||
* | SSAB AB Class B | 198,139 | 458 | ||||||
* | Sectra AB Class B | 10,142 | 431 | ||||||
Beijer Ref AB | 20,814 | 428 | |||||||
* | Nyfosa AB | 69,774 | 427 | ||||||
Arjo AB | 86,418 | 427 | |||||||
Dios Fastigheter AB | 68,617 | 423 | |||||||
Jm AB | 22,497 | 417 | |||||||
Mycronic AB | 21,331 | 356 | |||||||
^,* | Intrum AB | 23,125 | 353 | ||||||
Bure Equity AB | 18,758 | 342 | |||||||
* | Pandox AB Class B | 28,722 | 304 | ||||||
Telefonaktiebolaget LM Ericsson Class A | 32,173 | 304 | |||||||
Nolato AB Class B | 5,301 | 279 | |||||||
* | Catena AB | 8,409 | 268 | ||||||
Klovern AB | 183,923 | 248 | |||||||
* | Modern Times Group MTG AB Class B | 24,466 | 246 | ||||||
* | Betsson AB | 43,587 | 246 | ||||||
* | Bilia AB | 29,824 | 202 | ||||||
Lindab International AB | 21,286 | 195 | |||||||
Atrium Ljungberg AB | 13,772 | 191 | |||||||
* | Cloetta AB | 80,284 | 185 | ||||||
* | Electrolux Professional AB Class B | 79,280 | 183 | ||||||
* | Svenska Handelsbanken AB Class B | 18,027 | 180 | ||||||
1 | Resurs Holding AB | 47,568 | 175 |
88
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | NetEnt AB | 49,735 | 172 | ||||||
Ratos AB | 70,826 | 168 | |||||||
* | SSAB AB Class A | 68,745 | 165 | ||||||
* | Concentric AB | 13,287 | 150 | ||||||
Samhallsbyggnadsbolaget i Norden AB | 54,795 | 148 | |||||||
*,1 | Attendo AB | 38,500 | 146 | ||||||
Klovern AB Preference Shares | 4,687 | 145 | |||||||
*,1 | Munters Group AB | 34,173 | 144 | ||||||
Nobia AB | 38,056 | 142 | |||||||
^,1 | Scandic Hotels Group AB | 30,513 | 140 | ||||||
Sagax AB Preference Shares | 35,999 | 128 | |||||||
* | Adapteo Oyj | 16,699 | 120 | ||||||
Bonava AB Class B | 24,050 | 117 | |||||||
^,* | Hansa Biopharma AB | 9,693 | 116 | ||||||
Investment AB Oresund | 10,840 | 113 | |||||||
SkiStar AB | 11,188 | 104 | |||||||
Clas Ohlson AB | 11,122 | 98 | |||||||
* | Svenska Cellulosa AB SCA Class A | 6,670 | 72 | ||||||
* | Mekonomen AB | 13,668 | 71 | ||||||
^,* | SAs Ab | 73,479 | 69 | ||||||
Ncc Ab Class A | 1,486 | 23 | |||||||
* | Collector AB | 10,670 | 16 | ||||||
Sagax AB | 3,641 | 11 | |||||||
Bonava AB | 1,921 | 10 | |||||||
157,064 | |||||||||
Switzerland (2.8%) | |||||||||
* | Nestle SA | 1,037,777 | 109,911 | ||||||
Roche Holding AG | 249,940 | 86,554 | |||||||
Novartis AG | 763,440 | 65,151 | |||||||
Zurich Insurance Group AG | 52,475 | 16,637 | |||||||
UBS Group AG | 1,207,746 | 12,932 | |||||||
ABB Ltd. | 632,362 | 12,004 | |||||||
* | Lonza Group AG | 26,240 | 11,458 | ||||||
Givaudan SA | 3,297 | 11,056 | |||||||
Cie Financiere Richemont SA | 182,406 | 10,349 | |||||||
* | Alcon Inc. | 165,816 | 8,751 | ||||||
* | Sika AG | 50,758 | 8,396 | ||||||
Credit Suisse Group AG | 877,398 | 8,011 | |||||||
SWISS RE AG | 99,607 | 7,238 | |||||||
LafargeHolcim Ltd. (XSWX) | 146,048 | 6,066 | |||||||
Geberit AG | 12,520 | 5,599 | |||||||
SGS SA-REG | 2,099 | 4,735 | |||||||
Swisscom AG | 8,972 | 4,662 | |||||||
Partners Group Holding AG | 5,867 | 4,623 | |||||||
Swiss Life Holding AG | 11,735 | 4,161 | |||||||
Sonova Holding AG | 19,213 | 3,470 | |||||||
Schindler Holding AG | 15,342 | 3,414 | |||||||
Chocoladefabriken Lindt & Spruengli AG (Registered) | 38 | 3,190 | |||||||
Roche Holding AG (Bearer) | 9,094 | 3,158 | |||||||
* | Julius Baer Group Ltd. | 80,057 | 3,144 | ||||||
Temenos AG | 22,009 | 2,852 | |||||||
Adecco Group AG | 63,169 | 2,764 | |||||||
Straumann Holding AG | 3,599 | 2,738 | |||||||
Chocoladefabriken Lindt & Spruengli AG | 350 | 2,726 | |||||||
Logitech International SA | 56,579 | 2,725 | |||||||
Kuehne & Nagel International AG | 18,020 | 2,578 | |||||||
Swiss Prime Site AG | 26,889 | 2,560 | |||||||
Vifor Pharma AG | 16,644 | 2,497 | |||||||
Baloise Holding AG | 16,688 | 2,497 | |||||||
Swatch Group AG (Bearer) | 11,525 | 2,313 | |||||||
Barry Callebaut AG | 1,085 | 2,124 | |||||||
PSP Swiss Property AG | 14,812 | 1,721 | |||||||
EMS-Chemie Holding AG | 2,489 | 1,610 | |||||||
1 | VAT Group AG | 9,435 | 1,557 | ||||||
89
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | ams AG | 117,018 | 1,536 | ||||||
* | Clariant AG | 81,535 | 1,507 | ||||||
* | SIG Combibloc Group AG | 91,079 | 1,475 | ||||||
LafargeHolcim Ltd. (XPAR) | 34,256 | 1,432 | |||||||
Tecan Group AG | 4,121 | 1,327 | |||||||
Schindler Holding AG (Registered) | 6,139 | 1,320 | |||||||
1 | Galenica AG | 18,311 | 1,311 | ||||||
Helvetia Holding AG | 12,616 | 1,150 | |||||||
Belimo Holding AG | 165 | 1,098 | |||||||
* | Georg Fischer AG | 1,372 | 1,024 | ||||||
* | Allreal Holding AG | 5,404 | 1,004 | ||||||
*,1 | Sunrise Communications Group AG | 11,655 | 934 | ||||||
* | Cembra Money Bank AG | 9,418 | 895 | ||||||
Banque Cantonale Vaudoise | 985 | 870 | |||||||
^,* | Idorsia Ltd. | 29,586 | 857 | ||||||
Pargesa Holding SA | 11,916 | 848 | |||||||
* | Flughafen Zurich AG | 6,512 | 805 | ||||||
* | DKSH Holding AG | 13,455 | 758 | ||||||
* | Siegfried Holding AG | 1,537 | 701 | ||||||
Emmi AG | 682 | 626 | |||||||
^,* | Stadler Rail AG | 13,654 | 597 | ||||||
* | Mobimo Holding AG | 2,139 | 590 | ||||||
* | Bucher Industries AG | 2,048 | 578 | ||||||
Valiant Holding AG | 5,927 | 572 | |||||||
^ | Bachem Holding AG | 2,376 | 561 | ||||||
Landis&Gyr Group AG | 8,113 | 548 | |||||||
Bkw AG | 6,556 | 532 | |||||||
^ | OC Oerlikon Corp. AG | 67,575 | 507 | ||||||
dormakaba Holding AG | 972 | 485 | |||||||
Daetwyler Holding AG | 2,790 | 478 | |||||||
Forbo Holding AG | 345 | 463 | |||||||
Vontobel Holding AG | 8,625 | 448 | |||||||
Inficon Holding AG | 629 | 425 | |||||||
SFS Group AG | 5,340 | 423 | |||||||
* | St. Galler Kantonalbank AG | 974 | 421 | ||||||
Conzzeta AG | 469 | 402 | |||||||
Interroll Holding AG | 207 | 394 | |||||||
Sulzer AG | 5,560 | 393 | |||||||
Berner Kantonalbank AG | 1,628 | 380 | |||||||
* | VZ Holding AG | 5,300 | 370 | ||||||
Huber & Suhner AG | 5,296 | 338 | |||||||
* | Arbonia AG | 39,618 | 336 | ||||||
Dufry AG | 9,898 | 324 | |||||||
* | Schweiter Technologies AG | 311 | 309 | ||||||
* | Comet Holding AG | 2,281 | 306 | ||||||
* | Kardex AG | 1,827 | 264 | ||||||
Burckhardt Compression Holding AG | 1,205 | 244 | |||||||
LEM Holding SA | 187 | 242 | |||||||
Liechtensteinische Landesbank AG | 3,879 | 221 | |||||||
ALSO Holding AG | 1,028 | 211 | |||||||
Intershop Holding AG | 367 | 188 | |||||||
Implenia AG | 4,586 | 188 | |||||||
Swatch Group AG (Registered) | 4,718 | 183 | |||||||
* | Vetropack Holding AG | 62 | 183 | ||||||
* | Valora Holding AG | 981 | 176 | ||||||
^,* | COSMO Pharmaceuticals NV | 2,263 | 172 | ||||||
Ypsomed Holding AG | 1,264 | 166 | |||||||
* | Komax Holding AG | 1,091 | 158 | ||||||
^,* | Basilea Pharmaceutica AG | 3,005 | 151 | ||||||
Swissquote Group Holding SA | 2,287 | 149 | |||||||
* | u-blox Holding AG | 2,049 | 144 | ||||||
*,1 | Medacta Group SA | 2,055 | 143 | ||||||
^ | Bobst Group SA | 2,817 | 141 | ||||||
^,* | EFG International AG | 22,302 | 138 |
90
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Bell Food Group AG | 520 | 133 | ||||||
* | Aryzta AG | 305,283 | 124 | ||||||
^,*,§ | Alpiq Holding AG | 1,608 | 117 | ||||||
Leonteq AG | 3,057 | 110 | |||||||
Zehnder Group AG | 2,774 | 109 | |||||||
* | Rieter Holding AG | 1,012 | 99 | ||||||
* | VP Bank AG | 742 | 98 | ||||||
* | GAM Holding AG | 44,025 | 92 | ||||||
^,* | Bossard Holding AG | 682 | 85 | ||||||
* | Autoneum Holding AG | 940 | 83 | ||||||
* | Hiag Immobilien Holding AG | 865 | 79 | ||||||
* | Ascom Holding AG | 9,618 | 73 | ||||||
Apg Sga SA | 321 | 59 | |||||||
485,313 | |||||||||
Taiwan (1.7%) | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 5,371,165 | 54,183 | |||||||
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 662,839 | 35,217 | |||||||
Hon Hai Precision Industry Co. Ltd. | 4,237,520 | 10,890 | |||||||
MediaTek Inc. | 526,086 | 7,264 | |||||||
Formosa Plastics Corp. | 1,746,873 | 5,128 | |||||||
Largan Precision Co. Ltd. | 37,020 | 5,046 | |||||||
Nan Ya Plastics Corp. | 1,996,423 | 4,417 | |||||||
CTBC Financial Holding Co. Ltd. | 6,456,715 | 4,303 | |||||||
Uni-President Enterprises Corp. | 1,728,992 | 4,026 | |||||||
Cathay Financial Holding Co. Ltd. | 2,924,895 | 3,903 | |||||||
Mega Financial Holding Co. Ltd. | 3,797,769 | 3,820 | |||||||
Fubon Financial Holding Co. Ltd. | 2,661,880 | 3,764 | |||||||
Chunghwa Telecom Co. Ltd. ADR | 99,038 | 3,646 | |||||||
Delta Electronics Inc. | 774,471 | 3,612 | |||||||
E.Sun Financial Holding Co. Ltd. | 3,861,624 | 3,509 | |||||||
Formosa Chemicals & Fibre Corp. | 1,181,259 | 2,992 | |||||||
China Steel Corp. | 4,455,390 | 2,984 | |||||||
ASE Technology Holding Co. Ltd. | 1,196,636 | 2,666 | |||||||
Taiwan Cement Corp. | 1,697,994 | 2,450 | |||||||
First Financial Holding Co. Ltd. | 3,288,981 | 2,422 | |||||||
Hua Nan Financial Holdings Co. Ltd. | 3,603,044 | 2,340 | |||||||
President Chain Store Corp. | 212,137 | 2,194 | |||||||
Yuanta Financial Holding Co. Ltd. | 3,811,965 | 2,173 | |||||||
Catcher Technology Co. Ltd. | 279,310 | 2,116 | |||||||
Taiwan Cooperative Financial Holding Co. Ltd. | 3,118,313 | 2,094 | |||||||
Quanta Computer Inc. | 963,450 | 2,082 | |||||||
Hotai Motor Co. Ltd. | 112,000 | 2,068 | |||||||
Taiwan Mobile Co. Ltd. | 564,800 | 2,035 | |||||||
Yageo Corp. | 146,473 | 1,895 | |||||||
United Microelectronics Corp. | 3,598,180 | 1,862 | |||||||
Chailease Holding Co. Ltd. | 462,417 | 1,757 | |||||||
Asustek Computer Inc. | 259,169 | 1,752 | |||||||
Shanghai Commercial & Savings Bank Ltd. | 1,093,000 | 1,610 | |||||||
Pegatron Corp. | 718,954 | 1,577 | |||||||
SinoPac Financial Holdings Co. Ltd. | 3,706,756 | 1,509 | |||||||
Realtek Semiconductor Corp. | 173,420 | 1,485 | |||||||
Formosa Petrochemical Corp. | 488,140 | 1,465 | |||||||
Taishin Financial Holding Co. Ltd. | 3,408,349 | 1,450 | |||||||
Chang Hwa Commercial Bank Ltd. | 2,198,780 | 1,438 | |||||||
China Development Financial Holding Corp. | 4,698,580 | 1,422 | |||||||
Accton Technology Corp. | 194,000 | 1,406 | |||||||
Advantech Co. Ltd. | 146,266 | 1,383 | |||||||
Win Semiconductors Corp. | 150,151 | 1,342 | |||||||
Walsin Technology Corp. | 187,968 | 1,331 | |||||||
Novatek Microelectronics Corp. | 210,025 | 1,306 | |||||||
Far EasTone Telecommunications Co. Ltd. | 585,000 | 1,303 | |||||||
Asia Cement Corp. | 875,264 | 1,286 | |||||||
Far Eastern New Century Corp. | 1,357,279 | 1,179 | |||||||
Shin Kong Financial Holding Co. Ltd. | 3,993,875 | 1,137 | |||||||
91
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Chunghwa Telecom Co. Ltd. | 300,000 | 1,103 | |||||||
Lite-On Technology Corp. | 706,988 | 1,099 | |||||||
Airtac International Group | 49,884 | 956 | |||||||
Globalwafers Co. Ltd. | 75,000 | 955 | |||||||
Compal Electronics Inc. | 1,452,323 | 926 | |||||||
Silergy Corp. | 23,000 | 914 | |||||||
Micro-Star International Co. Ltd. | 290,000 | 900 | |||||||
* | Wiwynn Corp. | 35,000 | 898 | ||||||
Acer Inc. | 1,613,551 | 893 | |||||||
Powertech Technology Inc. | 265,000 | 886 | |||||||
Wistron Corp. | 929,152 | 871 | |||||||
Pou Chen Corp. | 896,524 | 844 | |||||||
Inventec Corp. | 1,064,554 | 836 | |||||||
Zhen Ding Technology Holding Ltd. | 228,700 | 821 | |||||||
Hiwin Technologies Corp. | 83,612 | 798 | |||||||
Vanguard International Semiconductor Corp. | 338,000 | 784 | |||||||
Taiwan High Speed Rail Corp. | 674,000 | 770 | |||||||
WPG Holdings Ltd. | 590,440 | 769 | |||||||
Macronix International | 606,903 | 724 | |||||||
Foxconn Technology Co. Ltd. | 366,514 | 704 | |||||||
Cheng Shin Rubber Industry Co. Ltd. | 610,379 | 702 | |||||||
Feng TAY Enterprise Co. Ltd. | 121,258 | 690 | |||||||
FLEXium Interconnect Inc. | 187,154 | 674 | |||||||
* | China Life Insurance Co. Ltd. | 984,500 | 672 | ||||||
Eclat Textile Co. Ltd. | 65,166 | 651 | |||||||
Phison Electronics Corp. | 67,000 | 636 | |||||||
Eva Airways Corp. | 1,651,817 | 635 | |||||||
Chroma ATE Inc. | 136,000 | 627 | |||||||
Innolux Corp. | 2,868,885 | 623 | |||||||
Tripod Technology Corp. | 176,000 | 622 | |||||||
Taiwan Business Bank | 1,688,862 | 612 | |||||||
* | Tatung Co. Ltd. | 844,000 | 606 | ||||||
Giant Manufacturing Co. Ltd. | 102,881 | 606 | |||||||
Simplo Technology Co. Ltd. | 57,640 | 599 | |||||||
Chicony Electronics Co. Ltd. | 212,231 | 598 | |||||||
Nanya Technology Corp. | 277,324 | 595 | |||||||
ITEQ Corp. | 122,525 | 591 | |||||||
Unimicron Technology Corp. | 406,000 | 575 | |||||||
Synnex Technology International Corp. | 427,498 | 571 | |||||||
Parade Technologies Ltd. | 23,000 | 565 | |||||||
Teco Electric and Machinery Co. Ltd. | 612,000 | 551 | |||||||
Sino-American Silicon Products Inc. | 178,000 | 526 | |||||||
Walsin Lihwa Corp. | 1,170,000 | 513 | |||||||
Radiant Opto-Electronics Corp. | 149,314 | 490 | |||||||
Genius Electronic Optical Co. Ltd. | 29,911 | 481 | |||||||
King Yuan Electronics Co. Ltd. | 394,000 | 472 | |||||||
Merida Industry Co. Ltd. | 92,400 | 472 | |||||||
Compeq Manufacturing Co. Ltd. | 351,000 | 464 | |||||||
Great Wall Enterprise Co. Ltd. | 335,501 | 464 | |||||||
Elite Material Co. Ltd. | 107,000 | 462 | |||||||
Career Technology MFG. Co. Ltd. | 481,885 | 454 | |||||||
Winbond Electronics Corp. | 976,726 | 453 | |||||||
AU Optronics Corp. ADR | 176,018 | 451 | |||||||
Poya International Co. Ltd. | 26,450 | 442 | |||||||
King’s Town Bank Co. Ltd. | 412,000 | 440 | |||||||
ASPEED Technology Inc. | 11,000 | 435 | |||||||
Epistar Corp. | 325,044 | 414 | |||||||
Taichung Commercial Bank Co. Ltd. | 1,070,953 | 410 | |||||||
Highwealth Construction Corp. | 278,540 | 406 | |||||||
Formosa Taffeta Co. Ltd. | 352,000 | 401 | |||||||
Taiwan Sakura Corp. | 252,000 | 399 | |||||||
Taiwan Secom Co. Ltd. | 134,675 | 398 | |||||||
Sinbon Electronics Co. Ltd. | 81,499 | 397 | |||||||
ASMedia Technology Inc. | 14,000 | 389 |
92
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Standard Foods Corp. | 168,400 | 380 | |||||||
Lien Hwa Industrial Holdings Corp. | 262,660 | 378 | |||||||
Taiwan Fertilizer Co. Ltd. | 244,000 | 376 | |||||||
IBF Financial Holdings Co. Ltd. | 1,011,274 | 371 | |||||||
Chia Hsin Cement Corp. | 643,000 | 370 | |||||||
Voltronic Power Technology Corp. | 15,545 | 369 | |||||||
Nien Made Enterprise Co. Ltd. | 47,000 | 361 | |||||||
E Ink Holdings Inc. | 349,000 | 360 | |||||||
Nan Kang Rubber Tire Co. Ltd. | 268,493 | 359 | |||||||
Chipbond Technology Corp. | 189,000 | 356 | |||||||
TA Chen Stainless Pipe | 398,524 | 354 | |||||||
International Games System Co. Ltd. | 19,000 | 354 | |||||||
Ruentex Development Co. Ltd. | 235,792 | 351 | |||||||
AU Optronics Corp. | 1,326,000 | 349 | |||||||
Ruentex Industries Ltd. | 151,960 | 348 | |||||||
United Integrated Services Co. Ltd. | 50,200 | 317 | |||||||
Taiwan Union Technology Corp. | 70,000 | 316 | |||||||
Far Eastern International Bank | 884,628 | 315 | |||||||
Far Eastern Department Stores Ltd. | 405,115 | 313 | |||||||
Elan Microelectronics Corp. | 94,400 | 303 | |||||||
Eternal Materials Co. Ltd. | 321,919 | 289 | |||||||
Grape King Bio Ltd. | 43,000 | 285 | |||||||
Merry Electronics Co. Ltd. | 59,798 | 279 | |||||||
Mitac Holdings Corp. | 273,741 | 278 | |||||||
Taiwan Surface Mounting Technology Corp. | 92,250 | 277 | |||||||
HTC Corp. | 275,491 | 275 | |||||||
Taiwan PCB Techvest Co. Ltd. | 243,000 | 274 | |||||||
TXC Corp. | 127,000 | 274 | |||||||
* | Dynamic Electronics Co. Ltd. | 421,000 | 269 | ||||||
Sunonwealth Electric Machine Industry Co. Ltd. | 206,000 | 269 | |||||||
Gigabyte Technology Co. Ltd. | 155,000 | 268 | |||||||
TCI Co. Ltd. | 35,022 | 268 | |||||||
Lextar Electronics Corp. | 447,000 | 261 | |||||||
* | Evergreen Marine Corp. Taiwan Ltd. | 703,956 | 261 | ||||||
Bank of Kaohsiung Co. Ltd. | 810,859 | 260 | |||||||
Lotes Co. Ltd. | 23,198 | 258 | |||||||
China Airlines Ltd. | 935,000 | 258 | |||||||
momo.com Inc. | 16,000 | 258 | |||||||
Makalot Industrial Co. Ltd. | 59,447 | 253 | |||||||
Li Peng Enterprise Co. Ltd. | 1,236,600 | 253 | |||||||
* | Gold Circuit Electronics Ltd. | 226,000 | 248 | ||||||
Goldsun Building Materials Co. Ltd. | 540,000 | 248 | |||||||
Qisda Corp. | 433,000 | 244 | |||||||
CTCI Corp. | 214,000 | 237 | |||||||
China Petrochemical Development Corp. | 865,567 | 234 | |||||||
King Slide Works Co. Ltd. | 22,000 | 229 | |||||||
International CSRC Investment Holdings Co. | 323,447 | 228 | |||||||
* | TaiMed Biologics Inc. | 69,000 | 222 | ||||||
Capital Securities Corp. | 667,220 | 220 | |||||||
Bizlink Holding Inc. | 33,616 | 219 | |||||||
Transcend Information Inc. | 92,000 | 217 | |||||||
Global Unichip Corp. | 27,000 | 217 | |||||||
eMemory Technology Inc. | 23,000 | 216 | |||||||
Hota Industrial Manufacturing Co. Ltd. | 67,936 | 213 | |||||||
Tung Ho Steel Enterprise Corp. | 273,000 | 211 | |||||||
Nan Ya Printed Circuit Board Corp. | 89,000 | 211 | |||||||
Cheng Uei Precision Industry Co. Ltd. | 164,000 | 209 | |||||||
Cheng Loong Corp. | 293,000 | 208 | |||||||
Tong Hsing Electronic Industries Ltd. | 51,000 | 207 | |||||||
Chilisin Electronics Corp. | 58,325 | 205 | |||||||
Alpha Networks Inc. | 278,000 | 205 | |||||||
§ | Yageo Corp. GDR | 4,000 | 204 | ||||||
Tong Yang Industry Co. Ltd. | 170,000 | 203 | |||||||
Jentech Precision Industrial Co. Ltd. | 28,000 | 203 |
93
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
LandMark Optoelectronics Corp. | 21,600 | 202 | |||||||
Clevo Co. | 182,628 | 201 | |||||||
Taiwan FamilyMart Co. Ltd. | 27,000 | 201 | |||||||
General Interface Solution Holding Ltd. | 63,000 | 200 | |||||||
Aten International Co. Ltd. | 65,000 | 200 | |||||||
* | Fusheng Precision Co. Ltd. | 36,000 | 199 | ||||||
Huaku Development Co. Ltd. | 65,000 | 198 | |||||||
United Microelectronics Corp. ADR | 78,841 | 197 | |||||||
Jih Sun Financial Holdings Co. Ltd. | 620,710 | 196 | |||||||
ChipMOS Technologies Inc. | 188,682 | 193 | |||||||
Taiwan Hon Chuan Enterprise Co. Ltd. | 105,772 | 193 | |||||||
Wistron NeWeb Corp. | 92,400 | 192 | |||||||
Visual Photonics Epitaxy Co. Ltd. | 65,250 | 192 | |||||||
Taiwan Glass Industry Corp. | 636,842 | 191 | |||||||
Sercomm Corp. | 76,000 | 190 | |||||||
Wan Hai Lines Ltd. | 336,000 | 189 | |||||||
Advanced Ceramic X Corp. | 18,000 | 188 | |||||||
Yulon Finance Corp. | 55,000 | 185 | |||||||
Run Long Construction Co. Ltd. | 93,000 | 184 | |||||||
Holy Stone Enterprise Co. Ltd. | 44,200 | 183 | |||||||
Test Research Inc. | 105,000 | 182 | |||||||
Shin Zu Shing Co. Ltd. | 41,000 | 180 | |||||||
WT Microelectronics Co. Ltd. | 138,986 | 179 | |||||||
Getac Technology Corp. | 120,000 | 179 | |||||||
Taiwan Paiho Ltd. | 77,000 | 176 | |||||||
Kinpo Electronics | 405,000 | 176 | |||||||
YFY Inc. | 403,000 | 172 | |||||||
Topco Scientific Co. Ltd. | 50,047 | 172 | |||||||
* | Asia Pacific Telecom Co. Ltd. | 748,508 | 172 | ||||||
Egis Technology Inc. | 27,000 | 171 | |||||||
Taiwan Cogeneration Corp. | 155,000 | 171 | |||||||
Wafer Works Corp. | 156,436 | 170 | |||||||
Greatek Electronics Inc. | 112,000 | 170 | |||||||
China Steel Chemical Corp. | 48,000 | 169 | |||||||
Chong Hong Construction Co. Ltd. | 61,152 | 168 | |||||||
* | TPK Holding Co. Ltd. | 117,958 | 165 | ||||||
St. Shine Optical Co. Ltd. | 14,000 | 163 | |||||||
HannStar Display Corp. | 775,265 | 162 | |||||||
Ardentec Corp. | 181,903 | 159 | |||||||
Unitech Printed Circuit Board Corp. | 210,120 | 158 | |||||||
Charoen Pokphand Enterprise | 75,000 | 158 | |||||||
Pixart Imaging Inc. | 27,000 | 158 | |||||||
Sunny Friend Environmental Technology Co. Ltd. | 18,000 | 156 | |||||||
* | PharmaEssentia Corp. | 50,000 | 156 | ||||||
* | Brighton-Best International Taiwan Inc. | 179,000 | 155 | ||||||
* | Microbio Co. Ltd. | 234,000 | 152 | ||||||
* | Federal Corp. | 276,612 | 152 | ||||||
Chunghwa Precision Test Tech Co. Ltd. | 7,000 | 152 | |||||||
Global Mixed Mode Technology Inc. | 34,000 | 148 | |||||||
* | Nan Pao Resins Chemical Co. Ltd. | 34,000 | 148 | ||||||
Chlitina Holding Ltd. | 22,400 | 147 | |||||||
Advanced Wireless Semiconductor Co. | 48,437 | 146 | |||||||
Shinkong Synthetic Fibers Corp. | 396,000 | 145 | |||||||
* | Alchip Technologies Ltd. | 14,882 | 145 | ||||||
Cub Elecparts Inc. | 30,419 | 144 | |||||||
Test Rite International Co. Ltd. | 224,000 | 144 | |||||||
* | XinTec Inc. | 53,000 | 144 | ||||||
Arcadyan Technology Corp. | 53,099 | 143 | |||||||
Asia Optical Co. Inc. | 59,000 | 142 | |||||||
Sanyang Motor Co. Ltd. | 214,000 | 142 | |||||||
Yulon Motor Co. Ltd. | 244,000 | 141 | |||||||
Cleanaway Co. Ltd. | 27,000 | 141 | |||||||
Soft-World International Corp. | 50,000 | 140 | |||||||
Prince Housing & Development Corp. | 412,050 | 140 |
94
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Everlight Electronics Co. Ltd. | 125,000 | 136 | |||||||
Sonix Technology Co. Ltd. | 88,000 | 135 | |||||||
Zeng Hsing Industrial Co. Ltd. | 31,000 | 135 | |||||||
Lite-On Semiconductor Corp. | 97,000 | 134 | |||||||
TTY Biopharm Co. Ltd. | 56,541 | 134 | |||||||
BES Engineering Corp. | 560,000 | 133 | |||||||
Holtek Semiconductor Inc. | 60,000 | 133 | |||||||
Oriental Union Chemical Corp. | 236,000 | 133 | |||||||
Sampo Corp. | 205,600 | 133 | |||||||
* | Mercuries Life Insurance Co. Ltd. | 410,156 | 132 | ||||||
Primax Electronics Ltd. | 84,000 | 131 | |||||||
Sitronix Technology Corp. | 27,000 | 131 | |||||||
ScinoPharm Taiwan Ltd. | 133,245 | 129 | |||||||
* | Grand Pacific Petrochemical | 257,000 | 129 | ||||||
* | United Renewable Energy Co. Ltd. | 733,596 | 129 | ||||||
Kindom Development Co. Ltd. | 147,000 | 129 | |||||||
Syncmold Enterprise Corp. | 48,750 | 127 | |||||||
Weltrend Semiconductor | 141,599 | 126 | |||||||
Lung Yen Life Service Corp. | 67,000 | 126 | |||||||
Wisdom Marine Lines Co. Ltd. | 147,706 | 124 | |||||||
Radium Life Tech Co. Ltd. | 352,440 | 124 | |||||||
Chicony Power Technology Co. Ltd. | 63,000 | 123 | |||||||
* | OBI Pharma Inc. | 41,014 | 122 | ||||||
Asia Vital Components Co. Ltd. | 90,000 | 122 | |||||||
YungShin Global Holding Corp. | 81,400 | 121 | |||||||
TaiDoc Technology Corp. | 19,000 | 121 | |||||||
* | AURAS Technology Co. Ltd. | 21,000 | 121 | ||||||
Advanced International Multitech Co. Ltd. | 109,000 | 120 | |||||||
TSRC Corp. | 220,925 | 120 | |||||||
U-Ming Marine Transport Corp. | 121,000 | 120 | |||||||
Ton Yi Industrial Corp. | 389,000 | 119 | |||||||
Cathay Real Estate Development Co. Ltd. | 178,200 | 118 | |||||||
Ginko International Co. Ltd. | 22,000 | 115 | |||||||
UPC Technology Corp. | 344,265 | 115 | |||||||
Coretronic Corp. | 107,400 | 114 | |||||||
Lealea Enterprise Co. Ltd. | 470,000 | 112 | |||||||
Machvision Inc. | 10,006 | 112 | |||||||
Hannstar Board Corp. | 84,000 | 112 | |||||||
China Motor Corp. | 104,800 | 111 | |||||||
Senao International Co. Ltd. | 114,000 | 111 | |||||||
* | Nichidenbo Corp. | 68,000 | 111 | ||||||
Sporton International Inc. | 16,802 | 111 | |||||||
Wei Chuan Foods Corp. | 152,000 | 111 | |||||||
Faraday Technology Corp. | 76,800 | 110 | |||||||
Sigurd Microelectronics Corp. | 89,781 | 109 | |||||||
Chaun-Choung Technology Corp. | 13,000 | 109 | |||||||
Kinsus Interconnect Technology Corp. | 62,000 | 108 | |||||||
China Man-Made Fiber Corp. | 496,733 | 108 | |||||||
Taiwan Styrene Monomer | 190,450 | 108 | |||||||
Center Laboratories Inc. | 66,159 | 106 | |||||||
Tainan Spinning Co. Ltd. | 345,543 | 106 | |||||||
Mercuries & Associates Holding Ltd. | 143,929 | 106 | |||||||
* | Innodisk Corp. | 17,000 | 106 | ||||||
Taiyen Biotech Co. Ltd. | 100,000 | 104 | |||||||
Pan Jit International Inc. | 127,800 | 104 | |||||||
* | Rexon Industrial Corp. Ltd. | 43,000 | 103 | ||||||
Firich Enterprises Co. Ltd. | 107,132 | 103 | |||||||
Foxsemicon Integrated Technology Inc. | 18,900 | 103 | |||||||
Dynapack International Technology Corp. | 43,000 | 102 | |||||||
China General Plastics Corp. | 167,706 | 102 | |||||||
* | CMC Magnetics Corp. | 386,080 | 101 | ||||||
Supreme Electronics Co. Ltd. | 90,000 | 101 | |||||||
Farglory Land Development Co. Ltd. | 70,000 | 100 | |||||||
Longchen Paper & Packaging Co. Ltd. | 221,941 | 99 |
95
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Taiwan Semiconductor Co. Ltd. | 77,000 | 98 | |||||||
* | Via Technologies Inc. | 94,000 | 98 | ||||||
Systex Corp. | 36,000 | 98 | |||||||
* | Lotus Pharmaceutical Co. Ltd. | 39,000 | 97 | ||||||
Namchow Holdings Co. Ltd. | 64,000 | 97 | |||||||
* | Silicon Integrated Systems Corp. | 249,000 | 96 | ||||||
Darfon Electronics Corp. | 77,000 | 96 | |||||||
President Securities Corp. | 212,549 | 96 | |||||||
Infortrend Technology Inc. | 242,000 | 95 | |||||||
Nantex Industry Co. Ltd. | 93,000 | 94 | |||||||
* | AGV Products Corp. | 390,440 | 94 | ||||||
USI Corp. | 222,645 | 93 | |||||||
Kung Long Batteries Industrial Co. Ltd. | 19,000 | 93 | |||||||
Lingsen Precision Industries Ltd. | 278,000 | 92 | |||||||
* | AmTRAN Technology Co. Ltd. | 359,000 | 92 | ||||||
Sinyi Realty Inc. | 103,358 | 92 | |||||||
Flytech Technology Co. Ltd. | 39,853 | 91 | |||||||
Yieh Phui Enterprise Co. Ltd. | 305,136 | 91 | |||||||
Gourmet Master Co. Ltd. | 28,245 | 91 | |||||||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 107,000 | 90 | |||||||
Chin-Poon Industrial Co. Ltd. | 105,000 | 90 | |||||||
Elite Semiconductor Memory Technology Inc. | 66,000 | 90 | |||||||
Yulon Nissan Motor Co. Ltd. | 10,000 | 90 | |||||||
AcBel Polytech Inc. | 126,000 | 87 | |||||||
A-DATA Technology Co. Ltd. | 46,190 | 87 | |||||||
* | Medigen Biotechnology Corp. | 49,000 | 87 | ||||||
FocalTech Systems Co. Ltd. | 80,923 | 87 | |||||||
China Metal Products | 101,000 | 85 | |||||||
Taiwan TEA Corp. | 174,000 | 83 | |||||||
Concraft Holding Co. Ltd. | 19,576 | 83 | |||||||
Tyntek Corp. | 194,000 | 83 | |||||||
YC INOX Co. Ltd. | 103,000 | 82 | |||||||
TA-I Technology Co. Ltd. | 30,750 | 82 | |||||||
Formosa International Hotels Corp. | 17,058 | 80 | |||||||
Xxentria Technology Materials Corp. | 44,000 | 80 | |||||||
Ennoconn Corp. | 12,277 | 79 | |||||||
SDI Corp. | 49,000 | 79 | |||||||
Topkey Corp. | 21,000 | 78 | |||||||
Casetek Holdings Ltd. | 49,877 | 78 | |||||||
* | Fulgent Sun International Holding Co. Ltd. | 24,000 | 78 | ||||||
Hung Sheng Construction Ltd. | 128,640 | 76 | |||||||
D-Link Corp. | 184,212 | 75 | |||||||
* | PChome Online Inc. | 22,587 | 75 | ||||||
* | HannsTouch Solution Inc. | 200,133 | 74 | ||||||
Kuo Toong International Co. Ltd. | 127,374 | 74 | |||||||
* | Shining Building Business Co. Ltd. | 237,915 | 72 | ||||||
Elite Advanced Laser Corp. | 30,412 | 72 | |||||||
ASE Technology Holding Co. Ltd. ADR | 16,369 | 71 | |||||||
Kinik Co. | 36,000 | 71 | |||||||
Evergreen International Storage & Transport Corp. | 160,000 | 71 | |||||||
Asia Polymer Corp. | 122,836 | 71 | |||||||
* | Gemtek Technology Corp. | 102,000 | 71 | ||||||
Depo Auto Parts Ind Co. Ltd. | 45,000 | 71 | |||||||
Wah Lee Industrial Corp. | 38,000 | 69 | |||||||
Quanta Storage Inc. | 59,000 | 69 | |||||||
Rechi Precision Co. Ltd. | 120,000 | 69 | |||||||
FSP Technology Inc. | 84,000 | 68 | |||||||
Gloria Material Technology Corp. | 125,000 | 67 | |||||||
OptoTech Corp. | 91,312 | 66 | |||||||
Rich Development Co. Ltd. | 208,000 | 65 | |||||||
WUS Printed Circuit Co. Ltd. | 62,730 | 64 | |||||||
* | Yang Ming Marine Transport Corp. | 281,030 | 64 | ||||||
Taiflex Scientific Co. Ltd. | 40,800 | 63 | |||||||
* | Ritek Corp. | 374,424 | 63 |
96
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Ho Tung Chemical Corp. | 251,141 | 62 | |||||||
Hsin Kuang Steel Co. Ltd. | 78,000 | 62 | |||||||
Everlight Chemical Industrial Corp. | 131,240 | 62 | |||||||
Huang Hsiang Construction Corp. | 55,000 | 62 | |||||||
Adlink Technology Inc. | 27,584 | 61 | |||||||
Sunplus Technology Co. Ltd. | 171,000 | 60 | |||||||
Formosan Rubber Group Inc. | 99,890 | 60 | |||||||
Vivotek Inc. | 25,000 | 60 | |||||||
* | Unizyx Holding Corp. | 112,000 | 59 | ||||||
* | Newmax Technology Co. Ltd. | 33,000 | 58 | ||||||
China Chemical & Pharmaceutical Co. Ltd. | 82,000 | 58 | |||||||
ITE Technology Inc. | 37,000 | 58 | |||||||
Pharmally International Holding Co. Ltd. | 10,673 | 58 | |||||||
* | Taiwan Land Development Corp. | 243,731 | 56 | ||||||
Darwin Precisions Corp. | 142,000 | 56 | |||||||
L&K Engineering Co. Ltd. | 65,000 | 56 | |||||||
Hu Lane Associate Inc. | 23,000 | 55 | |||||||
Hong Pu Real Estate Development Co. Ltd. | 75,000 | 55 | |||||||
CyberTAN Technology Inc. | 109,000 | 54 | |||||||
Swancor Holding Co. Ltd. | 22,000 | 53 | |||||||
*,§ | Unity Opto Technology Co. Ltd. | 378,000 | 52 | ||||||
Iron Force Industrial Co. Ltd. | 17,000 | 52 | |||||||
* | Roo Hsing Co. Ltd. | 168,000 | 52 | ||||||
Pan-International Industrial Corp. | 80,000 | 51 | |||||||
* | Orient Semiconductor Electronics Ltd. | 120,605 | 49 | ||||||
Sincere Navigation Corp. | 95,790 | 47 | |||||||
* | Phihong Technology Co. Ltd. | 193,000 | 47 | ||||||
Wowprime Corp. | 20,665 | 47 | |||||||
Posiflex Technology Inc. | 15,169 | 46 | |||||||
Johnson Health Tech Co. Ltd. | 21,105 | 46 | |||||||
* | CSBC Corp. Taiwan | 61,678 | 45 | ||||||
KEE TAI Properties Co. Ltd. | 131,000 | 43 | |||||||
TYC Brother Industrial Co. Ltd. | 53,000 | 43 | |||||||
Cyberlink Corp. | 11,000 | 42 | |||||||
Basso Industry Corp. | 29,200 | 41 | |||||||
Altek Corp. | 61,600 | 40 | |||||||
Toung Loong Textile Manufacturing | 44,000 | 40 | |||||||
Ichia Technologies Inc. | 87,000 | 39 | |||||||
China Electric Manufacturing Corp. | 90,400 | 39 | |||||||
Chung Hwa Pulp Corp. | 152,421 | 39 | |||||||
IEI Integration Corp. | 32,605 | 38 | |||||||
CHC Healthcare Group | 31,268 | 38 | |||||||
* | Taigen Biopharmaceuticals Holdings Ltd. | 77,872 | 38 | ||||||
Jess-Link Products Co. Ltd. | 35,750 | 37 | |||||||
Ta Ya Electric Wire & Cable | 111,280 | 37 | |||||||
* | ALI Corp. | 66,811 | 34 | ||||||
Tong-Tai Machine & Tool Co. Ltd. | 74,560 | 33 | |||||||
Global Brands Manufacture Ltd. | 67,000 | 32 | |||||||
* | Yeong Guan Energy Technology Group Co. Ltd. | 15,000 | 31 | ||||||
Sheng Yu Steel Co. Ltd. | 56,000 | 30 | |||||||
PharmaEngine Inc. | 17,038 | 30 | |||||||
Nien Hsing Textile Co. Ltd. | 54,945 | 29 | |||||||
Globe Union Industrial Corp. | 65,000 | 29 | |||||||
Li Cheng Enterprise Co. Ltd. | 26,500 | 28 | |||||||
Ability Enterprise Co. Ltd. | 69,000 | 28 | |||||||
* | Etron Technology Inc. | 127,000 | 28 | ||||||
* | Elitegroup Computer Systems Co. Ltd. | 73,000 | 27 | ||||||
Zinwell Corp. | 43,000 | 23 | |||||||
Brogent Technologies Inc. | 5,529 | 22 | |||||||
* | Gigasolar Materials Corp. | 6,400 | 20 | ||||||
* | Tung Thih Electronic Co. Ltd. | 12,000 | 19 | ||||||
* | Motech Industries Inc. | 85,447 | 15 | ||||||
* | Gigastorage Corp. | 20,647 | 7 | ||||||
*,§ | XPEC Entertainment Inc. | 21,468 | — |
97
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
*,§ | Pihsiang Machinery Manufacturing Co. Ltd. | 38,000 | — | ||||||
298,820 | |||||||||
Thailand (0.3%) | |||||||||
PTT PCL (Foreign) | 5,090,480 | 5,558 | |||||||
CP ALL PCL (Foreign) | 1,932,300 | 4,224 | |||||||
Airports of Thailand PCL (Foreign) | 1,562,650 | 2,981 | |||||||
Advanced Info Service PCL (Foreign) | 394,600 | 2,403 | |||||||
Bangkok Dusit Medical Services PCL | 3,229,600 | 2,054 | |||||||
Siam Cement PCL NVDR | 162,800 | 1,729 | |||||||
Gulf Energy Development PCL | 1,401,500 | 1,668 | |||||||
Siam Commercial Bank PCL (Foreign) | 736,000 | 1,537 | |||||||
Siam Cement PCL (Foreign) | 139,306 | 1,480 | |||||||
Central Pattana PCL | 932,500 | 1,381 | |||||||
PTT Exploration & Production PCL (Foreign) | 472,581 | 1,220 | |||||||
Thailand Future Fund (Foreign) | 3,074,000 | 1,044 | |||||||
Charoen Pokphand Foods PCL (Foreign) | 1,207,700 | 1,000 | |||||||
PTT Global Chemical PCL | 869,015 | 1,000 | |||||||
* | Minor International PCL (Foreign) | 1,396,582 | 903 | ||||||
Kasikornbank PCL (Foreign) | 333,083 | 875 | |||||||
Digital Telecommunications Infrastructure Fund | 1,759,917 | 860 | |||||||
Electricity Generating PCL (Foreign) | 93,100 | 814 | |||||||
BTS Group Holdings PCL (Foreign) | 2,221,011 | 785 | |||||||
Home Product Center PCL | 1,862,998 | 778 | |||||||
Kasikornbank PCL | 286,076 | 750 | |||||||
Intouch Holdings PCL NVDR | 454,296 | 744 | |||||||
Thai Oil PCL (Foreign) | 587,700 | 735 | |||||||
Bangkok Expressway & Metro PCL | 2,522,557 | 729 | |||||||
Indorama Ventures PCL | 767,000 | 671 | |||||||
Energy Absolute PCL | 538,100 | 660 | |||||||
Intouch Holdings PCL (Foreign) | 354,755 | 581 | |||||||
CPN Retail Growth Leasehold REIT | 630,200 | 578 | |||||||
* | Krungthai Card PCL | 530,800 | 553 | ||||||
Global Power Synergy PCL | 250,293 | 541 | |||||||
Krung Thai Bank PCL (Foreign) | 1,531,475 | 515 | |||||||
Ratchaburi Electricity Generating Holding PCL (Foreign) | 244,400 | 500 | |||||||
Osotspa PCL | 378,100 | 481 | |||||||
Berli Jucker PCL | 384,984 | 479 | |||||||
Bumrungrad Hospital PCL (Foreign) | 130,600 | 470 | |||||||
TMB Bank PCL | 15,949,469 | 468 | |||||||
Jasmine Broadband Internet Infrastructure Fund | 1,564,600 | 444 | |||||||
Thai Union Frozen Products PCL (Foreign) | 939,080 | 379 | |||||||
* | Asset World Corp. PCL | 2,196,400 | 367 | ||||||
Central Plaza Hotel PCL | 504,900 | 335 | |||||||
Land & Houses PCL | 1,482,900 | 335 | |||||||
True Corp. PCL | 3,256,454 | 332 | |||||||
B Grimm Power PCL | 235,500 | 323 | |||||||
Bangkok Bank PCL (Foreign) | 99,998 | 318 | |||||||
* | Muangthai Capital PCL | 216,700 | 315 | ||||||
Srisawad Corp. PCL | 186,405 | 308 | |||||||
IRPC PCL (Foreign) | 3,602,700 | 295 | |||||||
BTS Rail Mass Transit Growth Infrastructure Fund | 1,178,600 | 283 | |||||||
* | U City PCL (Foreign) | 6,939,225 | 282 | ||||||
Thanachart Capital PCL (Foreign) | 247,100 | 279 | |||||||
Total Access Communication PCL (Foreign) | 204,100 | 264 | |||||||
Banpu PCL | 1,453,128 | 258 | |||||||
Kiatnakin Bank PCL | 197,100 | 254 | |||||||
Tisco Financial Group PCL (Foreign) | 111,400 | 250 | |||||||
Delta Electronics Thailand PCL | 175,300 | 241 | |||||||
BTS Group Holdings PCL | 672,000 | 237 | |||||||
Siam Commercial Bank PCL | 111,400 | 233 | |||||||
TQM Corp. PCL (Foreign) | 92,400 | 224 | |||||||
Bangchak Corp. PCL | 377,100 | 214 | |||||||
Frasers Property Thailand Industrial Freehold & Leasehold REIT (Foreign) | 445,280 | 214 | |||||||
Krung Thai Bank PCL NVDR | 633,000 | 213 |
98
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
WHA Corp. PCL | 2,428,602 | 202 | |||||||
Vgi Pcl | 750,950 | 191 | |||||||
TOA Paint Thailand PCL | 164,400 | 188 | |||||||
Siam Global House PCL | 456,156 | 188 | |||||||
Tisco Financial Group PCL NVDR | 83,500 | 187 | |||||||
^ | Carabao Group PCL | 77,400 | 187 | ||||||
Hana Microelectronics PCL (Foreign) | 209,600 | 187 | |||||||
WHA Premium Growth Freehold & Leasehold REIT | 375,900 | 185 | |||||||
TTW PCL | 437,300 | 181 | |||||||
^ | Sino-Thai Engineering & Construction PCL | 376,100 | 178 | ||||||
Chularat Hospital PCL | 2,340,180 | 177 | |||||||
Siam Makro PCL (Foreign) | 160,100 | 176 | |||||||
Supalai PCL | 380,600 | 174 | |||||||
Bangkok Bank PCL | 53,100 | 169 | |||||||
North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT | 425,900 | 159 | |||||||
^ | CH Karnchang PCL | 302,700 | 158 | ||||||
Thai Vegetable Oil PCL | 206,400 | 156 | |||||||
TPI Polene PCL | 4,173,300 | 154 | |||||||
^ | Jasmine International PCL | 1,256,900 | 153 | ||||||
Bangkok Land PCL | 4,444,600 | 146 | |||||||
AEON Thana Sinsap Thailand PCL | 36,100 | 146 | |||||||
Asian Property Development PCL (Foreign) | 921,500 | 142 | |||||||
Pruksa Holding PCL | 423,000 | 141 | |||||||
Tipco Asphalt PCL | 257,200 | 141 | |||||||
Quality Houses PCL | 2,203,983 | 141 | |||||||
Com7 PCL | 213,100 | 141 | |||||||
KCE Electronics PCL | 259,200 | 139 | |||||||
* | CK Power PCL | 1,193,545 | 139 | ||||||
Sri Trang Agro-Industry PCL | 331,096 | 132 | |||||||
Bangkok Chain Hospital PCL | 297,200 | 124 | |||||||
Land & Houses PCL (Foreign) | 508,200 | 115 | |||||||
MK Restaurants Group PCL | 62,900 | 106 | |||||||
Banpu Power PCL | 215,100 | 103 | |||||||
Siam City Cement PCL (Foreign) | 27,700 | 102 | |||||||
* | Gunkul Engineering PCL | 1,185,099 | 96 | ||||||
Bcpg Pcl | 191,300 | 95 | |||||||
Major Cineplex Group PCL | 203,500 | 91 | |||||||
PTG Energy PCL | 214,600 | 91 | |||||||
Mbk Pcl | 185,300 | 90 | |||||||
Sansiri PCL (Foreign) | 4,053,100 | 88 | |||||||
Amata Corp. PCL | 225,600 | 88 | |||||||
§ | Pruksa Real Estate PCL | 210,700 | 87 | ||||||
Star Petroleum Refining PCL | 484,700 | 87 | |||||||
TPI Polene Power PCL | 688,700 | 83 | |||||||
Thaifoods Group PCL | 649,700 | 76 | |||||||
Bangkok Life Assurance PCL NVDR | 157,940 | 75 | |||||||
Unique Engineering & Construction PCL | 382,500 | 72 | |||||||
Ratchaburi Electricity Generating Holding PCL NVDR | 35,300 | 72 | |||||||
* | Thai Airways International PCL (Foreign) | 300,774 | 68 | ||||||
Super Energy Corp. PCL | 3,838,700 | 68 | |||||||
Italian-Thai Development PCL | 1,562,400 | 65 | |||||||
Spcg Pcl | 120,600 | 64 | |||||||
* | BEC World PCL (Foreign) | 406,500 | 62 | ||||||
Esso Thailand PCL | 357,200 | 59 | |||||||
Thonburi Healthcare Group PCL | 93,700 | 58 | |||||||
Gfpt Pcl | 164,000 | 57 | |||||||
Samart Corp. PCL | 365,500 | 57 | |||||||
Ratchthani Leasing PCL | 447,000 | 54 | |||||||
Origin Property PCL | 389,400 | 54 | |||||||
Bangkok Airways PCL | 261,000 | 48 | |||||||
Thanachart Capital PCL NVDR | 38,600 | 44 | |||||||
Plan B Media PCL | 280,300 | 42 | |||||||
^ | Thoresen Thai Agencies PCL | 443,252 | 41 | ||||||
Thaicom PCL | 276,600 | 32 |
99
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
LPN Development PCL | 284,600 | 31 | |||||||
Taokaenoi Food & Marketing PCL | 123,500 | 27 | |||||||
Workpoint Entertainment PCL | 82,500 | 26 | |||||||
Univentures PCL | 246,900 | 25 | |||||||
* | Precious Shipping PCL | 188,100 | 22 | ||||||
Beauty Community PCL | 369,400 | 21 | |||||||
^,* | Group Lease PCL | 155,959 | 15 | ||||||
Bangkok Life Assurance PCL (Foreign) | 16,500 | 8 | |||||||
* | BTS Group Holdings PCL NVDR Warrants Exp. 12/31/2021 | 194,321 | 6 | ||||||
* | Minor International PCL Warrants Exp. 12/31/2021 | 58,699 | 4 | ||||||
* | BTS Group Holdings PCL Warrants Exp. 12/31/2021 | 67,200 | 2 | ||||||
* | Samart Corp. PCL Warrants Exp. 05/08/2021 | 42,966 | 1 | ||||||
* | Vibhavadi Medical Center PCL Warrants Exp. 05/09/2022 | 79,130 | — | ||||||
* | Super Energy Corp. PCL Warrants Exp. 08/30/2020 | 767,740 | — | ||||||
* | Srisawad Power 1979 PCL Warrants Exp. 05/29/2020 | 270 | — | ||||||
* | Thaifoods Group PCL Warrants Exp. 05/18/2020 | 24,210 | — | ||||||
58,506 | |||||||||
Turkey (0.1%) | |||||||||
BIM Birlesik Magazalar AS | 157,667 | 1,252 | |||||||
* | Turkiye Garanti Bankasi AS | 758,844 | 906 | ||||||
* | Akbank T.A.S. | 947,165 | 800 | ||||||
Turkcell Iletisim Hizmetleri AS | 384,589 | 766 | |||||||
KOC Holding AS | 306,458 | 672 | |||||||
Eregli Demir ve Celik Fabrikalari TAS | 486,692 | 561 | |||||||
* | Tupras Turkiye Petrol Rafinerileri AS | 40,858 | 531 | ||||||
Haci Omer Sabanci Holding AS (Bearer) | 333,446 | 390 | |||||||
Aselsan Elektronik Sanayi Ve Ticaret AS | 98,213 | 382 | |||||||
* | Turkiye Is Bankasi AS | 495,971 | 352 | ||||||
* | Turk Hava Yollari AO | 203,001 | 311 | ||||||
* | Turkiye Vakiflar Bankasi TAO | 386,738 | 251 | ||||||
Ford Otomotiv Sanayi AS | 26,710 | 241 | |||||||
Enka Insaat ve Sanayi AS | 252,850 | 219 | |||||||
* | Ulker Biskuvi Sanayi AS | 62,695 | 213 | ||||||
* | Koza Altin Isletmeleri AS | 19,560 | 199 | ||||||
* | Turkiye Halk Bankasi AS | 242,994 | 181 | ||||||
* | Petkim Petrokimya Holding AS | 341,998 | 174 | ||||||
* | Turk Telekomunikasyon AS | 160,573 | 170 | ||||||
TAV Havalimanlari Holding AS | 63,555 | 165 | |||||||
* | Yapi ve Kredi Bankasi AS | 514,749 | 155 | ||||||
Tekfen Holding AS | 74,320 | 152 | |||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 57,339 | 150 | |||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A | 439,594 | 142 | |||||||
* | Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS | 80,621 | 142 | ||||||
Coca-Cola Icecek AS | 26,410 | 140 | |||||||
* | Arcelik AS | 59,514 | 140 | ||||||
1 | Enerjisa Enerji AS | 116,815 | 129 | ||||||
* | Sok Marketler Ticaret AS | 80,871 | 127 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 37,311 | 119 | |||||||
Turkiye Sise ve Cam Fabrikalari AS | 161,616 | 112 | |||||||
* | Logo Yazilim Sanayi Ve Ticaret AS | 10,445 | 111 | ||||||
*,1 | Mavi Giyim Sanayi Ve Ticaret AS | 18,167 | 108 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS | 331,341 | 104 | |||||||
Tat Gida Sanayi AS | 94,428 | 103 | |||||||
* | Dogan Sirketler Grubu Holding AS | 389,279 | 100 | ||||||
Soda Sanayii AS | 118,534 | 99 | |||||||
* | Koza Anadolu Metal Madencilik Isletmeleri AS | 59,315 | 97 | ||||||
* | Pegasus Hava Tasimaciligi AS | 11,507 | 87 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 469,363 | 84 | |||||||
* | Gubre Fabrikalari TAS | 36,375 | 83 |
100
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Turkiye Sinai Kalkinma Bankasi AS | 560,984 | 83 | ||||||
AG Anadolu Grubu Holding AS | 31,736 | 75 | |||||||
Sasa Polyester Sanayi AS | 52,573 | 66 | |||||||
* | Aksa Enerji Uretim AS Class B | 114,822 | 63 | ||||||
* | Zorlu Enerji Elektrik Uretim AS | 328,267 | 59 | ||||||
Trakya Cam Sanayii AS | 116,933 | 54 | |||||||
Aksigorta AS | 61,914 | 53 | |||||||
* | Yatas Yatak ve Yorgan Sanayi ve Ticaret AS | 55,703 | 53 | ||||||
* | Bera Holding AS | 91,828 | 51 | ||||||
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS | 60,942 | 41 | |||||||
* | Vestel Elektronik Sanayi ve Ticaret AS | 20,037 | 38 | ||||||
* | EGE Endustri VE Ticaret AS | 387 | 30 | ||||||
* | Sekerbank Turk AS | 205,730 | 29 | ||||||
* | NET Holding AS | 95,198 | 29 | ||||||
*,1 | MLP Saglik Hizmetleri AS | 13,316 | 29 | ||||||
* | Migros Ticaret AS | 6,467 | 27 | ||||||
* | Alarko Holding AS | 41,515 | 27 | ||||||
Otokar Otomotiv Ve Savunma Sanayi A.S. | 1,491 | 27 | |||||||
Kordsa Teknik Tekstil AS | 12,974 | 21 | |||||||
* | Is Gayrimenkul Yatirim Ortakligi AS | 91,844 | 20 | ||||||
Aksa Akrilik Kimya Sanayii AS | 20,723 | 19 | |||||||
Aygaz AS | 12,065 | 18 | |||||||
Dogus Otomotiv Servis ve Ticaret AS | 7,386 | 11 | |||||||
Turk Traktor ve Ziraat Makineleri AS | 1,164 | 9 | |||||||
* | Cimsa Cimento Sanayi VE Ticaret AS | 8,065 | 9 | ||||||
* | Albaraka Turk Katilim Bankasi AS | 48,631 | 9 | ||||||
* | Torunlar Gayrimenkul Yatirim Ortakligi AS | 26,089 | 9 | ||||||
* | Konya Cimento Sanayii AS | 78 | 3 | ||||||
*,§ | Asya Katilim Bankasi AS | 147,465 | — | ||||||
12,182 | |||||||||
United Arab Emirates (0.1%) | |||||||||
First Abu Dhabi Bank PJSC | 1,563,683 | 4,876 | |||||||
Emirates Telecommunications Group Co. PJSC | 626,067 | 2,631 | |||||||
Abu Dhabi Commercial Bank PJSC | 993,940 | 1,194 | |||||||
Emaar Properties PJSC | 1,398,806 | 1,026 | |||||||
DP World plc | 57,678 | 921 | |||||||
Dubai Islamic Bank PJSC | 725,114 | 723 | |||||||
Aldar Properties PJSC | 1,341,019 | 655 | |||||||
Abu Dhabi Islamic Bank PJSC | 298,742 | 290 | |||||||
Dana Gas PJSC | 1,186,473 | 237 | |||||||
Air Arabia PJSC | 763,896 | 236 | |||||||
* | Dubai Investments PJSC | 659,013 | 214 | ||||||
Emaar Malls PJSC | 604,573 | 211 | |||||||
Emaar Development PJSC | 270,876 | 169 | |||||||
* | GFH Financial Group BSC | 887,933 | 144 | ||||||
§ | Orascom Construction plc (DIFX) | 21,054 | 115 | ||||||
* | Union Properties PJSC | 1,323,013 | 109 | ||||||
Dubai Financial Market PJSC | 426,230 | 85 | |||||||
* | DAMAC Properties Dubai Co. PJSC | 473,801 | 79 | ||||||
RAK Properties PJSC | 603,454 | 61 | |||||||
Arabtec Holding PJSC | 245,437 | 47 | |||||||
* | DXB Entertainments PJSC | 666,893 | 28 | ||||||
* | Deyaar Development PJSC | 361,379 | 28 | ||||||
* | Eshraq Investments PJSC | 175,378 | 14 | ||||||
*,§ | Drake & Scull International PJSC | 114,862 | 12 | ||||||
14,105 | |||||||||
United Kingdom (4.3%) | |||||||||
AstraZeneca plc | 470,486 | 49,210 | |||||||
HSBC Holdings plc | 7,284,955 | 37,445 | |||||||
GlaxoSmithKline plc | 1,757,984 | 36,676 | |||||||
Diageo plc | 830,860 | 28,607 | |||||||
BP plc | 7,183,901 | 28,308 | |||||||
British American Tobacco plc | 714,414 | 27,537 |
101
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Royal Dutch Shell plc Class A | 1,526,136 | 25,127 | |||||||
Royal Dutch Shell plc Class B | 1,300,560 | 20,820 | |||||||
Unilever plc | 390,345 | 20,100 | |||||||
Reckitt Benckiser Group plc | 224,880 | 18,733 | |||||||
Rio Tinto plc | 392,565 | 18,222 | |||||||
RELX plc | 669,330 | 15,101 | |||||||
National Grid plc | 1,248,619 | 14,632 | |||||||
Vodafone Group plc | 9,600,749 | 13,544 | |||||||
Prudential plc | 935,683 | 13,200 | |||||||
BHP Group plc | 742,509 | 12,463 | |||||||
London Stock Exchange Group plc | 112,538 | 10,533 | |||||||
Tesco plc | 3,457,234 | 10,226 | |||||||
Lloyds Banking Group plc | 24,808,671 | 10,038 | |||||||
Experian plc | 322,408 | 9,682 | |||||||
Compass Group plc | 565,243 | 9,512 | |||||||
CRH plc (XLON) | 277,067 | 8,354 | |||||||
Barclays plc | 6,076,366 | 8,114 | |||||||
Anglo American plc | 439,790 | 7,822 | |||||||
BAE Systems plc | 1,164,892 | 7,430 | |||||||
Glencore plc | 3,844,296 | 7,202 | |||||||
Imperial Brands plc | 340,475 | 7,163 | |||||||
Smith & Nephew plc | 307,947 | 6,026 | |||||||
Ferguson plc | 80,627 | 5,813 | |||||||
SSE plc | 365,954 | 5,740 | |||||||
Legal & General Group plc | 2,175,986 | 5,595 | |||||||
Standard Chartered plc | 952,975 | 4,869 | |||||||
BT Group plc | 3,197,655 | 4,661 | |||||||
Ashtead Group plc | 161,965 | 4,424 | |||||||
Aviva plc | 1,416,253 | 4,283 | |||||||
Segro plc | 393,037 | 4,120 | |||||||
British American Tobacco plc ADR | 106,973 | 4,081 | |||||||
Rentokil Initial plc | 679,224 | 4,041 | |||||||
Halma plc | 137,836 | 3,624 | |||||||
Intertek Group plc | 58,178 | 3,472 | |||||||
3i Group plc | 343,749 | 3,377 | |||||||
* | Ocado Group plc | 163,760 | 3,308 | ||||||
WPP plc | 421,568 | 3,271 | |||||||
Persimmon plc | 117,045 | 3,243 | |||||||
Sage Group plc | 392,201 | 3,154 | |||||||
InterContinental Hotels Group plc | 64,933 | 2,958 | |||||||
Associated British Foods plc | 123,735 | 2,937 | |||||||
Spirax-Sarco Engineering plc | 26,750 | 2,928 | |||||||
United Utilities Group plc | 251,960 | 2,852 | |||||||
Next plc | 47,095 | 2,804 | |||||||
Informa plc | 496,253 | 2,741 | |||||||
Smurfit Kappa Group plc | 87,129 | 2,741 | |||||||
Croda International plc | 44,562 | 2,733 | |||||||
Rolls-Royce Holdings plc | 636,016 | 2,632 | |||||||
*,1 | Just Eat Takeaway | 25,442 | 2,605 | ||||||
Bunzl plc | 118,947 | 2,582 | |||||||
Severn Trent plc | 84,692 | 2,541 | |||||||
Taylor Wimpey plc | 1,369,101 | 2,529 | |||||||
DCC plc | 35,331 | 2,512 | |||||||
Mondi plc (XLON) | 140,106 | 2,474 | |||||||
Polymetal International plc | 120,032 | 2,458 | |||||||
Burberry Group plc | 141,546 | 2,458 | |||||||
Barratt Developments plc | 372,419 | 2,428 | |||||||
Berkeley Group Holdings plc | 45,030 | 2,364 | |||||||
Standard Life Aberdeen plc | 828,891 | 2,296 | |||||||
GVC Holdings plc | 239,566 | 2,274 | |||||||
Royal Bank of Scotland Group plc | 1,618,686 | 2,258 | |||||||
Smiths Group plc | 143,280 | 2,231 | |||||||
Melrose Industries plc | 1,747,031 | 2,184 | |||||||
Land Securities Group plc | 260,646 | 2,174 |
102
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Admiral Group plc | 74,445 | 2,172 | |||||||
Rightmove plc | 335,424 | 2,097 | |||||||
Pennon Group plc | 150,298 | 2,070 | |||||||
St. James’s Place plc | 189,496 | 2,018 | |||||||
Hargreaves Lansdown plc | 108,879 | 1,970 | |||||||
1 | Auto Trader Group plc | 331,221 | 1,907 | ||||||
DS Smith plc | 478,497 | 1,876 | |||||||
Wm Morrison Supermarkets plc | 803,957 | 1,848 | |||||||
Coca-Cola HBC AG | 70,828 | 1,795 | |||||||
Whitbread plc | 47,531 | 1,783 | |||||||
British Land Co. plc | 341,271 | 1,741 | |||||||
Johnson Matthey plc | 68,971 | 1,728 | |||||||
Direct Line Insurance Group plc | 502,334 | 1,712 | |||||||
RSA Insurance Group plc | 370,635 | 1,680 | |||||||
Kingfisher plc | 798,000 | 1,583 | |||||||
Pearson plc | 273,882 | 1,579 | |||||||
M&G plc | 945,896 | 1,568 | |||||||
Bellway plc | 46,526 | 1,557 | |||||||
Hikma Pharmaceuticals plc | 50,787 | 1,513 | |||||||
Spectris plc | 44,036 | 1,485 | |||||||
Tate & Lyle plc | 161,676 | 1,449 | |||||||
Intermediate Capital Group plc | 102,007 | 1,443 | |||||||
Phoenix Group Holdings plc | 188,828 | 1,433 | |||||||
Derwent London plc | 36,472 | 1,425 | |||||||
Howden Joinery Group plc | 215,517 | 1,421 | |||||||
J Sainsbury plc | 570,230 | 1,419 | |||||||
1 | ConvaTec Group plc | 529,004 | 1,413 | ||||||
Schroders plc | 40,081 | 1,339 | |||||||
HomeServe plc | 94,485 | 1,324 | |||||||
ITV plc | 1,374,840 | 1,320 | |||||||
B&M European Value Retail SA | 314,747 | 1,316 | |||||||
Antofagasta plc | 124,952 | 1,280 | |||||||
Dechra Pharmaceuticals plc | 36,158 | 1,259 | |||||||
Travis Perkins plc | 94,650 | 1,236 | |||||||
Electrocomponents plc | 163,188 | 1,185 | |||||||
UNITE Group plc | 107,058 | 1,182 | |||||||
JD Sports Fashion plc | 177,050 | 1,174 | |||||||
IG Group Holdings plc | 122,579 | 1,162 | |||||||
Weir Group plc | 95,685 | 1,144 | |||||||
1 | Avast plc | 196,631 | 1,133 | ||||||
IMI plc | 99,375 | 1,033 | |||||||
AVEVA Group plc | 22,968 | 1,031 | |||||||
Rotork plc | 326,596 | 1,018 | |||||||
Centrica plc | 2,029,350 | 1,015 | |||||||
Inchcape plc | 157,850 | 994 | |||||||
1 | Quilter plc | 642,767 | 994 | ||||||
Genus plc | 23,029 | 989 | |||||||
Meggitt plc | 281,596 | 986 | |||||||
Tritax Big Box REIT plc | 625,370 | 949 | |||||||
Ashmore Group plc | 198,719 | 947 | |||||||
Man Group PLC | 538,956 | 903 | |||||||
TP ICAP plc | 208,549 | 890 | |||||||
Hiscox Ltd. | 100,746 | 886 | |||||||
Beazley plc | 178,010 | 880 | |||||||
Games Workshop Group plc | 11,597 | 878 | |||||||
Cranswick plc | 18,305 | 856 | |||||||
*,1 | Trainline plc | 177,252 | 847 | ||||||
Assura plc | 864,495 | 829 | |||||||
Marks & Spencer Group plc | 710,831 | 828 | |||||||
Balfour Beatty plc | 253,932 | 827 | |||||||
Primary Health Properties plc | 416,551 | 807 | |||||||
1 | John Laing Group plc | 175,131 | 803 | ||||||
*,1 | Network International Holdings plc | 153,064 | 798 | ||||||
Diploma plc | 36,830 | 798 |
103
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Britvic plc | 86,231 | 794 | |||||||
G4S plc | 576,934 | 792 | |||||||
QinetiQ Group plc | 204,383 | 782 | |||||||
1 | Countryside Properties plc | 150,608 | 767 | ||||||
Victrex plc | 30,132 | 755 | |||||||
Moneysupermarket.com Group plc | 189,375 | 755 | |||||||
Vistry Group plc | 73,458 | 746 | |||||||
Greggs plc | 32,270 | 742 | |||||||
Centamin plc | 374,696 | 726 | |||||||
Carnival plc | 52,415 | 722 | |||||||
Domino’s Pizza Group plc | 166,462 | 721 | |||||||
UDG Healthcare plc | 91,251 | 720 | |||||||
Great Portland Estates plc | 84,474 | 720 | |||||||
Big Yellow Group plc | 52,830 | 711 | |||||||
Spirent Communications plc | 234,707 | 710 | |||||||
IntegraFin Holdings plc | 113,796 | 710 | |||||||
Grainger plc | 208,766 | 701 | |||||||
LondonMetric Property plc | 282,523 | 690 | |||||||
Signature Aviation plc | 278,599 | 684 | |||||||
Evraz plc | 203,435 | 674 | |||||||
Close Brothers Group plc | 48,881 | 670 | |||||||
Grafton Group plc | 83,309 | 665 | |||||||
Safestore Holdings plc | 73,111 | 661 | |||||||
SSP Group plc | 186,322 | 659 | |||||||
IWG plc | 216,990 | 649 | |||||||
* | Serco Group plc | 399,905 | 647 | ||||||
Royal Mail plc | 305,430 | 637 | |||||||
Softcat plc | 43,471 | 617 | |||||||
Hays plc | 449,612 | 613 | |||||||
Savills plc | 49,738 | 606 | |||||||
Fresnillo plc | 67,422 | 599 | |||||||
Ultra Electronics Holdings plc | 24,141 | 598 | |||||||
Plus500 Ltd. | 37,933 | 595 | |||||||
Shaftesbury plc | 77,044 | 582 | |||||||
WH Smith plc | 36,746 | 580 | |||||||
Marshalls plc | 70,537 | 565 | |||||||
Renishaw plc | 12,719 | 563 | |||||||
John Wood Group plc | 221,236 | 560 | |||||||
Aggreko plc | 94,737 | 546 | |||||||
Lancashire Holdings Ltd. | 70,631 | 543 | |||||||
AJ Bell plc | 109,470 | 542 | |||||||
Capital & Counties Properties plc | 257,875 | 539 | |||||||
Pets at Home Group plc | 166,832 | 534 | |||||||
International Consolidated Airlines Group SA (London Shares) | 182,263 | 508 | |||||||
Pagegroup plc | 103,701 | 491 | |||||||
Mediclinic International plc | 150,351 | 489 | |||||||
easyJet plc | 64,106 | 486 | |||||||
National Express Group plc | 140,950 | 485 | |||||||
^ | TUI AG (XLON) | 121,047 | 482 | ||||||
Future plc | 37,114 | 481 | |||||||
Bodycote plc | 65,682 | 481 | |||||||
Babcock International Group plc | 88,053 | 466 | |||||||
Investec plc | 226,441 | 465 | |||||||
Workspace Group plc | 46,453 | 458 | |||||||
Computacenter plc | 24,714 | 452 | |||||||
1 | Ascential plc | 140,989 | 448 | ||||||
Redrow plc | 76,131 | 442 | |||||||
William Hill plc | 300,386 | 431 | |||||||
Clarkson plc | 13,348 | 419 | |||||||
Daily Mail & General Trust plc | 46,995 | 417 | |||||||
Synthomer plc | 115,016 | 410 | |||||||
Sanne Group plc | 49,375 | 402 | |||||||
*,1 | Wizz Air Holdings plc | 10,901 | 394 | ||||||
Rathbone Brothers plc | 20,222 | 384 |
104
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Virgin Money UK plc | 402,359 | 384 | ||||||
Polypipe Group plc | 61,015 | 383 | |||||||
OneSavings Bank plc | 124,592 | 382 | |||||||
Hill & Smith Holdings plc | 26,108 | 379 | |||||||
Dunelm Group plc | 32,610 | 377 | |||||||
KAZ Minerals plc | 72,293 | 376 | |||||||
Drax Group plc | 143,347 | 376 | |||||||
Micro Focus International plc | 62,824 | 372 | |||||||
Paragon Banking Group plc | 88,196 | 369 | |||||||
1 | Ibstock plc | 141,222 | 357 | ||||||
Jupiter Fund Management plc | 129,109 | 355 | |||||||
Greencore Group plc | 154,579 | 354 | |||||||
* | Firstgroup plc | 417,622 | 352 | ||||||
Vesuvius plc | 67,578 | 341 | |||||||
Dixons Carphone plc | 349,075 | 339 | |||||||
^,* | Energean Oil & Gas plc | 39,728 | 326 | ||||||
Essentra plc | 92,683 | 325 | |||||||
Playtech plc | 109,303 | 321 | |||||||
Coats Group plc | 539,113 | 312 | |||||||
St. Modwen Properties plc | 66,972 | 310 | |||||||
Brewin Dolphin Holdings plc | 88,737 | 306 | |||||||
Telecom Plus plc | 18,074 | 301 | |||||||
* | Cairn Energy plc | 208,236 | 293 | ||||||
Sirius Real Estate Ltd. | 326,711 | 290 | |||||||
Crest Nicholson Holdings plc | 87,547 | 282 | |||||||
TalkTalk Telecom Group plc | 261,942 | 272 | |||||||
Rhi Magnesita NV | 8,705 | 267 | |||||||
* | Just Group plc | 378,442 | 265 | ||||||
Cineworld Group plc | 319,003 | 263 | |||||||
* | Capita plc | 537,023 | 263 | ||||||
Schroder REIT Ltd. | 563,436 | 261 | |||||||
*,1 | Watches of Switzerland Group plc | 81,990 | 258 | ||||||
1 | Hastings Group Holdings plc | 111,051 | 254 | ||||||
Morgan Advanced Materials plc | 90,162 | 249 | |||||||
J D Wetherspoon plc | 20,870 | 248 | |||||||
* | Ninety One plc | 113,220 | 242 | ||||||
^ | Hammerson plc | 266,441 | 236 | ||||||
Chemring Group plc | 91,255 | 227 | |||||||
Go-Ahead Group plc | 13,335 | 225 | |||||||
* | Frasers Group plc | 65,786 | 215 | ||||||
Petrofac Ltd. | 86,220 | 213 | |||||||
1 | Equiniti Group plc | 97,712 | 211 | ||||||
Keller Group plc | 25,893 | 200 | |||||||
Provident Financial plc | 81,356 | 198 | |||||||
Vectura Group plc | 184,594 | 197 | |||||||
BMO Commercial Property Trust Ltd. | 200,959 | 193 | |||||||
Redde Northgate plc | 83,333 | 188 | |||||||
1 | McCarthy & Stone plc | 210,289 | 187 | ||||||
UK Commercial Property REIT Ltd. | 218,091 | 186 | |||||||
Elementis plc | 200,961 | 177 | |||||||
NCC Group plc | 85,424 | 176 | |||||||
Hochschild Mining plc | 100,415 | 175 | |||||||
* | Mitchells & Butlers plc | 76,747 | 171 | ||||||
AG Barr plc | 27,387 | 170 | |||||||
888 Holdings plc | 92,993 | 169 | |||||||
Bank of Georgia Group plc | 12,960 | 163 | |||||||
Picton Property Income Ltd. | 183,531 | 159 | |||||||
Stagecoach Group plc | 168,866 | 158 | |||||||
PZ Cussons plc | 67,221 | 158 | |||||||
Kainos Group plc | 17,140 | 151 | |||||||
Devro plc | 73,913 | 148 | |||||||
GoCo Group plc | 141,061 | 148 | |||||||
1 | TI Fluid Systems plc | 72,665 | 146 | ||||||
* | Indivior plc | 229,366 | 143 |
105
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Tullow Oil plc | 432,575 | 140 | |||||||
Ferrexpo plc | 82,626 | 140 | |||||||
Helical plc | 30,240 | 137 | |||||||
1 | Airtel Africa plc | 270,772 | 137 | ||||||
Mitie Group plc | 141,814 | 132 | |||||||
Rank Group plc | 60,828 | 125 | |||||||
Senior plc | 149,147 | 122 | |||||||
Restaurant Group plc | 173,208 | 118 | |||||||
^,* | Premier Oil plc | 285,905 | 117 | ||||||
Hunting plc | 50,312 | 115 | |||||||
TBC Bank Group plc | 10,275 | 106 | |||||||
Stobart Group Ltd. | 129,853 | 101 | |||||||
1 | Spire Healthcare Group plc | 82,103 | 100 | ||||||
Marston’s plc | 206,584 | 98 | |||||||
Halfords Group plc | 61,629 | 84 | |||||||
NewRiver REIT plc | 96,297 | 81 | |||||||
Saga plc | 378,835 | 78 | |||||||
Redefine International plc | 100,441 | 78 | |||||||
^,*,1 | Aston Martin Lagonda Global Holdings plc | 103,285 | 75 | ||||||
* | AO World plc | 101,244 | 73 | ||||||
1 | CMC Markets plc | 28,615 | 72 | ||||||
* | Georgia Capital plc | 13,513 | 71 | ||||||
SIG plc | 227,198 | 69 | |||||||
AA plc | 190,787 | 65 | |||||||
* | Metro Bank plc | 52,452 | 61 | ||||||
Galliford Try plc | 31,872 | 60 | |||||||
Renewi plc | 172,088 | 55 | |||||||
Card Factory plc | 95,290 | 50 | |||||||
International Personal Finance plc | 65,380 | 46 | |||||||
*,1 | Funding Circle Holdings plc | 42,016 | 46 | ||||||
1 | Bakkavor Group plc | 46,001 | 40 | ||||||
RPS Group plc | 59,014 | 39 | |||||||
Dignity plc | 11,941 | 36 | |||||||
Superdry plc | 20,701 | 33 | |||||||
1 | Amigo Holdings plc | 48,385 | 19 | ||||||
^,* | Intu Properties plc | 268,035 | 18 | ||||||
*,1 | Alfa Financial Software Holdings plc | 18,397 | 18 | ||||||
N Brown Group plc | 41,889 | 13 | |||||||
*,§,1 | Finablr plc | 58,416 | 8 | ||||||
^,*,§ | Afren plc | 141,140 | — | ||||||
*,§ | Carillion plc | 88,745 | — | ||||||
§ | NMC Health plc | 26,225 | — | ||||||
757,473 | |||||||||
United States (56.9%) | |||||||||
Basic Materials (1.1%) | |||||||||
Linde plc | 191,920 | 35,311 | |||||||
Air Products and Chemicals Inc. | 79,014 | 17,824 | |||||||
Ecolab Inc. | 90,447 | 17,501 | |||||||
DuPont de Nemours Inc. | 265,961 | 12,505 | |||||||
Newmont Corp. (XNYS) | 194,479 | 11,568 | |||||||
Dow Inc. | 267,971 | 9,832 | |||||||
PPG Industries Inc. | 83,365 | 7,572 | |||||||
Newmont Corp. (XTSE) | 98,329 | 5,858 | |||||||
LyondellBasell Industries NV Class A | 94,662 | 5,486 | |||||||
International Flavors & Fragrances Inc. | 38,083 | 4,990 | |||||||
International Paper Co. | 138,498 | 4,744 | |||||||
Freeport-McMoRan Inc. | 527,000 | 4,653 | |||||||
Nucor Corp. | 108,169 | 4,455 | |||||||
FMC Corp. | 46,608 | 4,283 | |||||||
Celanese Corp. | 45,630 | 3,790 | |||||||
Eastman Chemical Co. | 50,665 | 3,066 | |||||||
RPM International Inc. | 45,577 | 3,027 | |||||||
Royal Gold Inc. | 23,387 | 2,866 | |||||||
Albemarle Corp. | 37,837 | 2,324 | |||||||
106
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
CF Industries Holdings Inc. | 78,714 | 2,165 | |||||||
Reliance Steel & Aluminum Co. | 22,933 | 2,054 | |||||||
Steel Dynamics Inc. | 73,640 | 1,787 | |||||||
Scotts Miracle-Gro Co. | 14,017 | 1,739 | |||||||
Ashland Global Holdings Inc. | 23,911 | 1,475 | |||||||
* | Axalta Coating Systems Ltd. | 74,655 | 1,474 | ||||||
Mosaic Co. | 127,950 | 1,473 | |||||||
Huntsman Corp. | 81,840 | 1,376 | |||||||
Balchem Corp. | 11,606 | 1,036 | |||||||
NewMarket Corp. | 2,495 | 1,027 | |||||||
WR Grace & Co. | 20,943 | 989 | |||||||
Southern Copper Corp. | 28,349 | 920 | |||||||
* | Univar Solutions Inc. | 56,417 | 819 | ||||||
PolyOne Corp. | 33,621 | 783 | |||||||
* | Element Solutions Inc. | 73,448 | 753 | ||||||
Olin Corp. | 55,710 | 744 | |||||||
* | Ingevity Corp. | 13,839 | 718 | ||||||
Quaker Chemical Corp. | 4,600 | 700 | |||||||
Commercial Metals Co. | 43,553 | 694 | |||||||
Sensient Technologies Corp. | 14,200 | 679 | |||||||
Stepan Co. | 6,971 | 665 | |||||||
Chemours Co. | 54,364 | 638 | |||||||
Cabot Corp. | 18,800 | 637 | |||||||
Innospec Inc. | 8,314 | 603 | |||||||
HB Fuller Co. | 15,900 | 585 | |||||||
^ | Cleveland-Cliffs Inc. | 130,373 | 571 | ||||||
Minerals Technologies Inc. | 12,500 | 550 | |||||||
Compass Minerals International Inc. | 11,000 | 541 | |||||||
Westlake Chemical Corp. | 12,443 | 541 | |||||||
Hecla Mining Co. | 203,548 | 535 | |||||||
* | Alcoa Corp. | 64,008 | 522 | ||||||
^ | United States Steel Corp. | 58,556 | 450 | ||||||
Domtar Corp. | 18,962 | 443 | |||||||
* | GCP Applied Technologies Inc. | 25,600 | 438 | ||||||
Materion Corp. | 7,432 | 385 | |||||||
Worthington Industries Inc. | 14,341 | 379 | |||||||
Carpenter Technology Corp. | 16,691 | 370 | |||||||
Kaiser Aluminum Corp. | 5,053 | 365 | |||||||
Schweitzer-Mauduit International Inc. | 10,778 | 347 | |||||||
* | Coeur Mining Inc. | 82,242 | 346 | ||||||
* | Constellium SE Class A | 42,700 | 331 | ||||||
Arconic Corp. | 35,119 | 306 | |||||||
Neenah Inc. | 5,900 | 288 | |||||||
Trinseo SA | 13,218 | 270 | |||||||
* | Ferro Corp. | 26,100 | 260 | ||||||
Tronox Holdings plc Class A | 30,810 | 210 | |||||||
Orion Engineered Carbons SA | 19,528 | 178 | |||||||
Arch Coal Inc. Class A | 5,700 | 166 | |||||||
GrafTech International Ltd. | 18,200 | 148 | |||||||
* | Kraton Corp. | 9,005 | 141 | ||||||
Tredegar Corp. | 8,100 | 133 | |||||||
Peabody Energy Corp. | 25,300 | 86 | |||||||
* | Century Aluminum Co. | 14,500 | 63 | ||||||
Nexa Resources SA | 11,400 | 48 | |||||||
*,§ | Ferroglobe Representation & Warranty Insurance Trust | 10,400 | — | ||||||
197,599 | |||||||||
Consumer Goods (4.5%) | |||||||||
Procter & Gamble Co. | 870,210 | 102,572 | |||||||
PepsiCo Inc. | 501,391 | 66,329 | |||||||
Coca-Cola Co. | 1,372,269 | 62,973 | |||||||
Philip Morris International Inc. | 557,111 | 41,561 | |||||||
* | Tesla Inc. | 51,658 | 40,390 | ||||||
NIKE Inc. Class B | 418,274 | 36,465 | |||||||
Altria Group Inc. | 670,801 | 26,329 |
107
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Mondelez International Inc. Class A | 507,356 | 26,098 | |||||||
Colgate-Palmolive Co. | 300,547 | 21,119 | |||||||
Activision Blizzard Inc. | 271,588 | 17,308 | |||||||
Kimberly-Clark Corp. | 122,200 | 16,922 | |||||||
Estee Lauder Cos. Inc. Class A | 77,756 | 13,716 | |||||||
General Mills Inc. | 215,677 | 12,917 | |||||||
* | Electronic Arts Inc. | 101,382 | 11,584 | ||||||
General Motors Co. | 449,126 | 10,011 | |||||||
* | Lululemon Athletica Inc. | 42,068 | 9,401 | ||||||
Constellation Brands Inc. Class A | 56,399 | 9,288 | |||||||
Clorox Co. | 45,039 | 8,397 | |||||||
* | Monster Beverage Corp. | 134,290 | 8,301 | ||||||
Archer-Daniels-Midland Co. | 200,163 | 7,434 | |||||||
Ford Motor Co. | 1,407,927 | 7,166 | |||||||
Corteva Inc. | 265,046 | 6,942 | |||||||
McCormick & Co. Inc. | 44,114 | 6,919 | |||||||
Hershey Co. | 51,546 | 6,826 | |||||||
Kraft Heinz Co. | 223,600 | 6,782 | |||||||
Brown-Forman Corp. Class B | 107,179 | 6,667 | |||||||
VF Corp. | 111,163 | 6,459 | |||||||
Aptiv plc | 92,664 | 6,445 | |||||||
Tyson Foods Inc. Class A | 103,282 | 6,423 | |||||||
Church & Dwight Co. Inc. | 87,818 | 6,146 | |||||||
DR Horton Inc. | 122,657 | 5,792 | |||||||
Conagra Brands Inc. | 171,443 | 5,733 | |||||||
Kellogg Co. | 87,380 | 5,723 | |||||||
Tiffany & Co. | 43,381 | 5,488 | |||||||
Lennar Corp. Class A | 101,560 | 5,085 | |||||||
* | Take-Two Interactive Software Inc. | 40,667 | 4,923 | ||||||
Hormel Foods Corp. | 98,806 | 4,629 | |||||||
JM Smucker Co. | 39,012 | 4,483 | |||||||
Garmin Ltd. | 51,884 | 4,211 | |||||||
Genuine Parts Co. | 50,742 | 4,023 | |||||||
* | NVR Inc. | 1,158 | 3,590 | ||||||
Hasbro Inc. | 45,935 | 3,317 | |||||||
Lamb Weston Holdings Inc. | 53,549 | 3,286 | |||||||
Campbell Soup Co. | 59,862 | 2,992 | |||||||
Pool Corp. | 13,721 | 2,904 | |||||||
* | LKQ Corp. | 109,875 | 2,873 | ||||||
PulteGroup Inc. | 91,516 | 2,587 | |||||||
Molson Coors Beverage Co. Class B | 62,465 | 2,562 | |||||||
Whirlpool Corp. | 22,360 | 2,499 | |||||||
* | WABCO Holdings Inc. | 18,479 | 2,483 | ||||||
Coca-Cola European Partners plc | 62,362 | 2,472 | |||||||
Fortune Brands Home & Security Inc. | 49,936 | 2,407 | |||||||
* | Zynga Inc. | 306,761 | 2,313 | ||||||
Keurig Dr Pepper Ord Shs | 86,229 | 2,282 | |||||||
Gentex Corp. | 91,260 | 2,212 | |||||||
Lear Corp. | 21,980 | 2,146 | |||||||
* | Post Holdings Inc. | 23,041 | 2,116 | ||||||
BorgWarner Inc. | 72,036 | 2,058 | |||||||
* | Mohawk Industries Inc. | 22,191 | 1,947 | ||||||
Bunge Ltd. | 48,920 | 1,941 | |||||||
Ingredion Inc. | 23,513 | 1,909 | |||||||
Autoliv Inc. | 31,566 | 1,895 | |||||||
Newell Brands Inc. | 133,496 | 1,853 | |||||||
* | US Foods Holding Corp. | 79,212 | 1,703 | ||||||
^,* | Beyond Meat Inc. | 17,094 | 1,692 | ||||||
Flowers Foods Inc. | 70,966 | 1,581 | |||||||
Polaris Inc. | 21,929 | 1,555 | |||||||
Leggett & Platt Inc. | 43,912 | 1,543 | |||||||
* | Deckers Outdoor Corp. | 10,137 | 1,508 | ||||||
Tapestry Inc. | 100,241 | 1,492 | |||||||
Brunswick Corp. | 30,808 | 1,470 |
108
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Boston Beer Co. Inc. Class A | 3,006 | 1,402 | ||||||
* | Helen of Troy Ltd. | 8,500 | 1,396 | ||||||
* | Skechers USA Inc. Class A | 49,318 | 1,390 | ||||||
* | Nomad Foods Ltd. | 67,293 | 1,387 | ||||||
PVH Corp. | 28,131 | 1,385 | |||||||
* | Herbalife Nutrition Ltd. | 35,374 | 1,321 | ||||||
Hanesbrands Inc. | 132,026 | 1,312 | |||||||
Ralph Lauren Corp. | 17,672 | 1,304 | |||||||
Carter’s Inc. | 15,856 | 1,240 | |||||||
* | Darling Ingredients Inc. | 59,448 | 1,224 | ||||||
Valvoline Inc. | 67,966 | 1,168 | |||||||
Thor Industries Inc. | 17,500 | 1,159 | |||||||
Harley-Davidson Inc. | 52,456 | 1,145 | |||||||
* | Middleby Corp. | 20,447 | 1,138 | ||||||
Toll Brothers Inc. | 46,782 | 1,124 | |||||||
^,* | Mattel Inc. | 123,791 | 1,080 | ||||||
Sanderson Farms Inc. | 7,310 | 995 | |||||||
* | TreeHouse Foods Inc. | 18,912 | 978 | ||||||
Lancaster Colony Corp. | 6,967 | 938 | |||||||
Energizer Holdings Inc. | 23,570 | 918 | |||||||
* | Freshpet Inc. | 11,861 | 894 | ||||||
WD-40 Co. | 4,798 | 836 | |||||||
* | Tempur Sealy International Inc. | 15,410 | 828 | ||||||
* | Under Armour Inc. Class C | 87,993 | 816 | ||||||
KB Home | 29,234 | 767 | |||||||
* | Hain Celestial Group Inc. | 28,717 | 742 | ||||||
* | Capri Holdings Ltd. | 48,300 | 737 | ||||||
* | Fox Factory Holding Corp. | 14,375 | 733 | ||||||
LCI Industries | 8,380 | 727 | |||||||
Columbia Sportswear Co. | 9,900 | 722 | |||||||
Steven Madden Ltd. | 28,695 | 719 | |||||||
Spectrum Brands Holdings Inc | 16,589 | 714 | |||||||
J&J Snack Foods Corp. | 5,103 | 648 | |||||||
* | Taylor Morrison Home Corp. | 43,893 | 639 | ||||||
* | Meritage Homes Corp. | 11,632 | 611 | ||||||
^,* | YETI Holdings Inc. | 21,386 | 591 | ||||||
* | Dorman Products Inc. | 9,359 | 590 | ||||||
Coty Inc. Class A | 107,321 | 585 | |||||||
Dana Inc. | 49,978 | 575 | |||||||
* | Under Armour Inc. Class A | 55,100 | 574 | ||||||
* | Visteon Corp. | 9,500 | 573 | ||||||
* | Crocs Inc. | 23,424 | 568 | ||||||
* | Edgewell Personal Care Co. | 20,370 | 562 | ||||||
Goodyear Tire & Rubber Co. | 77,291 | 554 | |||||||
Nu Skin Enterprises Inc. Class A | 18,810 | 549 | |||||||
Wolverine World Wide Inc. | 26,392 | 541 | |||||||
^,* | iRobot Corp. | 8,800 | 536 | ||||||
* | Fitbit Inc. | 77,300 | 517 | ||||||
* | Meritor Inc. | 24,879 | 510 | ||||||
MDC Holdings Inc. | 17,359 | 508 | |||||||
* | Cal-Maine Foods Inc. | 11,900 | 494 | ||||||
* | TRI Pointe Group Inc. | 43,000 | 494 | ||||||
B&G Foods Inc. | 24,359 | 473 | |||||||
* | Hostess Brands Inc. | 38,995 | 469 | ||||||
* | Cavco Industries Inc. | 3,000 | 464 | ||||||
Winnebago Industries Inc. | 10,308 | 457 | |||||||
* | Central Garden & Pet Co. Class A | 14,953 | 455 | ||||||
Callaway Golf Co. | 31,563 | 452 | |||||||
* | Gentherm Inc. | 11,700 | 438 | ||||||
* | Adient plc | 29,018 | 435 | ||||||
Herman Miller Inc. | 19,075 | 430 | |||||||
Vector Group Ltd. | 38,999 | 417 | |||||||
* | Pilgrim’s Pride Corp. | 18,506 | 407 | ||||||
* | LGI Homes Inc. | 6,345 | 384 |
109
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Coca-Cola Consolidated Inc. | 1,600 | 377 | |||||||
Cooper Tire & Rubber Co. | 17,400 | 369 | |||||||
* | USANA Health Sciences Inc. | 4,100 | 366 | ||||||
Calavo Growers Inc. | 6,226 | 361 | |||||||
Universal Corp. | 7,374 | 357 | |||||||
HNI Corp. | 14,216 | 346 | |||||||
* | Veoneer Inc. | 35,329 | 346 | ||||||
La-Z-Boy Inc. | 14,400 | 338 | |||||||
Steelcase Inc. Class A | 30,400 | 333 | |||||||
Fresh Del Monte Produce Inc. | 10,395 | 296 | |||||||
Acushnet Holdings Corp. | 10,700 | 293 | |||||||
* | American Woodmark Corp. | 5,689 | 293 | ||||||
* | Delphi Technologies plc | 29,177 | 292 | ||||||
Kontoor Brands Inc. | 14,622 | 284 | |||||||
* | Sleep Number Corp. | 9,335 | 279 | ||||||
Sturm Ruger & Co. Inc. | 5,200 | 277 | |||||||
Medifast Inc. | 3,600 | 273 | |||||||
Inter Parfums Inc. | 5,600 | 250 | |||||||
ACCO Brands Corp. | 31,661 | 234 | |||||||
Knoll Inc. | 18,400 | 215 | |||||||
* | Welbilt Inc. | 43,500 | 214 | ||||||
Oxford Industries Inc. | 4,900 | 205 | |||||||
Tootsie Roll Industries Inc. | 5,574 | 196 | |||||||
Signet Jewelers Ltd. | 19,100 | 192 | |||||||
Interface Inc. | 20,700 | 191 | |||||||
^,* | National Beverage Corp. | 3,800 | 191 | ||||||
* | G-III Apparel Group Ltd. | 16,670 | 189 | ||||||
National Presto Industries Inc. | 1,924 | 156 | |||||||
Andersons Inc. | 9,050 | 154 | |||||||
* | American Axle & Manufacturing Holdings Inc. | 34,943 | 151 | ||||||
* | Garrett Motion Inc. | 23,197 | 126 | ||||||
* | Adecoagro SA | 30,400 | 121 | ||||||
* | Tenneco Inc. Class A | 15,500 | 80 | ||||||
793,252 | |||||||||
Consumer Services (7.9%) | |||||||||
* | Amazon.com Inc. | 149,688 | 370,328 | ||||||
Home Depot Inc. | 390,656 | 85,878 | |||||||
Walt Disney Co. | 625,959 | 67,697 | |||||||
* | Netflix Inc. | 150,921 | 63,364 | ||||||
Comcast Corp. Class A | 1,614,266 | 60,745 | |||||||
Walmart Inc. | 496,205 | 60,314 | |||||||
McDonald’s Corp. | 269,190 | 50,489 | |||||||
Costco Wholesale Corp. | 156,884 | 47,536 | |||||||
Starbucks Corp. | 421,603 | 32,350 | |||||||
Lowe’s Cos. Inc. | 276,194 | 28,931 | |||||||
CVS Health Corp. | 464,007 | 28,560 | |||||||
* | Charter Communications Inc. Class A | 53,790 | 26,638 | ||||||
* | Booking Holdings Inc. | 14,924 | 22,096 | ||||||
TJX Cos. Inc. | 433,845 | 21,280 | |||||||
Target Corp. | 175,153 | 19,221 | |||||||
Dollar General Corp. | 91,109 | 15,971 | |||||||
Walgreens Boots Alliance Inc. | 269,007 | 11,645 | |||||||
Ross Stores Inc. | 126,184 | 11,528 | |||||||
eBay Inc. | 268,266 | 10,685 | |||||||
* | O’Reilly Automotive Inc. | 26,716 | 10,321 | ||||||
* | Uber Technologies Inc. | 340,606 | 10,310 | ||||||
Sysco Corp. | 167,920 | 9,449 | |||||||
* | MercadoLibre Inc. | 16,161 | 9,430 | ||||||
Yum! Brands Inc. | 108,214 | 9,353 | |||||||
Kroger Co. | 285,003 | 9,009 | |||||||
Marriott International Inc. Class A | 97,607 | 8,876 | |||||||
* | AutoZone Inc. | 8,406 | 8,577 | ||||||
McKesson Corp. | 57,593 | 8,135 | |||||||
* | Chipotle Mexican Grill Inc. | 9,034 | 7,937 |
110
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Hilton Worldwide Holdings Inc. | 96,177 | 7,282 | |||||||
* | Spotify Technology SA | 46,266 | 7,013 | ||||||
* | Dollar Tree Inc. | 83,867 | 6,682 | ||||||
Yum China Holdings Inc. | 127,055 | 6,157 | |||||||
Best Buy Co. Inc. | 77,886 | 5,976 | |||||||
Las Vegas Sands Corp. | 122,735 | 5,894 | |||||||
* | Copart Inc. | 72,250 | 5,788 | ||||||
Domino’s Pizza Inc. | 14,903 | 5,394 | |||||||
* | Liberty Broadband Corp. Class C | 39,407 | 4,834 | ||||||
AmerisourceBergen Corp. Class A | 52,145 | 4,675 | |||||||
* | Ulta Beauty Inc. | 20,324 | 4,429 | ||||||
* | CarMax Inc. | 59,155 | 4,357 | ||||||
Omnicom Group Inc. | 76,168 | 4,344 | |||||||
Tractor Supply Co. | 42,121 | 4,272 | |||||||
* | Burlington Stores Inc. | 23,010 | 4,204 | ||||||
* | Trade Desk Inc. Class A | 14,128 | 4,134 | ||||||
* | Roku Inc. | 31,095 | 3,770 | ||||||
FactSet Research Systems Inc. | 13,506 | 3,714 | |||||||
Darden Restaurants Inc. | 47,724 | 3,522 | |||||||
Cable One Inc. | 1,776 | 3,397 | |||||||
ViacomCBS Inc. Class B | 196,523 | 3,392 | |||||||
Expedia Group Inc. | 47,079 | 3,342 | |||||||
Fox Corp. Class A | 125,828 | 3,255 | |||||||
Wynn Resorts Ltd. | 36,806 | 3,148 | |||||||
MGM Resorts International | 180,361 | 3,035 | |||||||
Advance Auto Parts Inc. | 24,507 | 2,963 | |||||||
* | Liberty Global plc Class C | 160,070 | 2,931 | ||||||
Royal Caribbean Cruises Ltd. | 62,430 | 2,920 | |||||||
Sirius XM Holdings Inc. | 482,337 | 2,851 | |||||||
* | Altice USA Inc. Class A | 108,033 | 2,806 | ||||||
^,* | Wayfair Inc. | 22,343 | 2,771 | ||||||
* | Etsy Inc. | 41,801 | 2,712 | ||||||
* | Discovery Communications Inc. Class C | 132,460 | 2,704 | ||||||
^ | Carnival Corp. | 162,096 | 2,577 | ||||||
Vail Resorts Inc. | 14,633 | 2,502 | |||||||
Aramark | 91,529 | 2,500 | |||||||
* | Bright Horizons Family Solutions Inc. | 21,321 | 2,483 | ||||||
* | DISH Network Corp. Class A | 96,746 | 2,420 | ||||||
Interpublic Group of Cos. Inc. | 139,214 | 2,364 | |||||||
Service Corp. International | 63,910 | 2,348 | |||||||
^,* | Lyft Inc. Class A | 70,336 | 2,309 | ||||||
* | Caesars Entertainment Corp. | 214,783 | 2,075 | ||||||
* | Live Nation Entertainment Inc. | 46,148 | 2,071 | ||||||
Casey’s General Stores Inc. | 13,251 | 2,006 | |||||||
Rollins Inc. | 49,680 | 1,987 | |||||||
Nielsen Holdings plc | 133,156 | 1,961 | |||||||
* | Liberty Media Corp-Liberty SiriusXM Class C | 55,599 | 1,894 | ||||||
* | Liberty Media Corp-Liberty Formula One Class C | 57,243 | 1,843 | ||||||
* | IAA Inc. | 47,674 | 1,840 | ||||||
Dunkin’ Brands Group Inc. | 29,278 | 1,840 | |||||||
* | Chegg Inc. | 42,301 | 1,808 | ||||||
Williams-Sonoma Inc. | 29,071 | 1,798 | |||||||
* | Five Below Inc. | 19,764 | 1,782 | ||||||
* | Planet Fitness Inc. Class A | 27,798 | 1,677 | ||||||
* | ServiceMaster Global Holdings Inc. | 49,034 | 1,670 | ||||||
New York Times Co. Class A | 50,917 | 1,656 | |||||||
* | Grubhub Inc. | 32,776 | 1,566 | ||||||
Delta Air Lines Inc. | 57,361 | 1,486 | |||||||
Southwest Airlines Co. | 47,143 | 1,473 | |||||||
* | Grand Canyon Education Inc. | 16,972 | 1,460 | ||||||
* | Performance Food Group Co. | 46,237 | 1,357 | ||||||
Fox Corp. Class B | 53,022 | 1,355 | |||||||
Wendy’s Co. | 66,138 | 1,314 | |||||||
* | Ollie’s Bargain Outlet Holdings Inc. | 19,056 | 1,294 |
111
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Dolby Laboratories Inc. Class A | 21,118 | 1,268 | |||||||
News Corp. Class A | 127,398 | 1,263 | |||||||
Churchill Downs Inc. | 12,439 | 1,247 | |||||||
* | Norwegian Cruise Line Holdings Ltd. | 75,422 | 1,237 | ||||||
Strategic Education Inc. | 7,667 | 1,221 | |||||||
* | Murphy USA Inc. | 11,150 | 1,191 | ||||||
Marriott Vacations Worldwide Corp. | 14,203 | 1,179 | |||||||
* | Madison Square Garden Sports C | 6,721 | 1,151 | ||||||
Wyndham Hotels & Resorts Inc. | 30,380 | 1,146 | |||||||
Wingstop Inc. | 9,700 | 1,138 | |||||||
H&R Block Inc. | 67,627 | 1,126 | |||||||
Choice Hotels International Inc. | 14,989 | 1,125 | |||||||
Nexstar Media Group Inc. Class A | 15,982 | 1,119 | |||||||
* | frontdoor Inc. | 28,767 | 1,114 | ||||||
Morningstar Inc. | 7,101 | 1,107 | |||||||
^,* | Discovery Inc. | 48,453 | 1,086 | ||||||
Kohl’s Corp. | 58,828 | 1,086 | |||||||
Texas Roadhouse Inc. | 22,964 | 1,081 | |||||||
* | BJ’s Wholesale Club Holdings Inc. | 40,090 | 1,055 | ||||||
* | Qurate Retail Group Inc. QVC Group Class A | 129,769 | 1,045 | ||||||
* | Liberty Global plc Class A | 53,526 | 1,039 | ||||||
Foot Locker Inc. | 39,619 | 1,015 | |||||||
L Brands Inc. | 83,710 | 995 | |||||||
* | Floor & Decor Holdings Inc. Class A | 22,804 | 967 | ||||||
* | Stamps.com Inc. | 6,016 | 952 | ||||||
* | Liberty Media Corp-Liberty SiriusXM | 28,098 | 947 | ||||||
* | Liberty Broadband Corp. Class A | 7,681 | 922 | ||||||
Amerco | 3,176 | 890 | |||||||
* | Sprouts Farmers Market Inc. | 41,694 | 866 | ||||||
Wyndham Destinations Inc. | 33,610 | 859 | |||||||
* | LiveRamp Holdings Inc. | 22,492 | 852 | ||||||
Lithia Motors Inc. Class A | 7,631 | 844 | |||||||
Nordstrom Inc. | 43,206 | 811 | |||||||
* | Liberty Media Corp-Liberty Formula One Class A | 26,739 | 809 | ||||||
* | Rh | 5,587 | 803 | ||||||
TEGNA Inc. | 73,139 | 784 | |||||||
* | United Airlines Holdings Inc. | 26,475 | 783 | ||||||
Cracker Barrel Old Country Store Inc. | 7,969 | 776 | |||||||
* | Grocery Outlet Holding Corp. | 22,185 | 738 | ||||||
TripAdvisor Inc. | 36,068 | 720 | |||||||
* | National Vision Holdings Inc. | 26,786 | 710 | ||||||
Aaron’s Inc. | 22,100 | 705 | |||||||
* | Penn National Gaming Inc. | 37,943 | 676 | ||||||
KAR Auction Services Inc. | 45,104 | 676 | |||||||
Sabre Corp. | 91,977 | 669 | |||||||
Hyatt Hotels Corp. Class A | 11,829 | 665 | |||||||
World Wrestling Entertainment Inc. Class A | 14,800 | 658 | |||||||
Extended Stay America Inc. | 58,959 | 641 | |||||||
* | Farfetch Ltd. Class A | 48,290 | 639 | ||||||
* | AutoNation Inc. | 17,066 | 636 | ||||||
Dick’s Sporting Goods Inc. | 21,212 | 623 | |||||||
Graham Holdings Co. Class B | 1,565 | 610 | |||||||
* | Hilton Grand Vacations Inc. | 29,366 | 605 | ||||||
Macy’s Inc. | 102,928 | 603 | |||||||
Gap Inc. | 73,809 | 599 | |||||||
Papa John’s International Inc. | 8,200 | 590 | |||||||
Monro Inc. | 10,600 | 588 | |||||||
Cinemark Holdings Inc. | 40,773 | 582 | |||||||
* | Adtalem Global Education Inc. | 18,282 | 581 | ||||||
Madison Square Garden Entertainment Corp. | 6,721 | 556 | |||||||
* | Cargurus Inc. | 24,126 | 552 | ||||||
John Wiley & Sons Inc. Class A | 14,600 | 548 | |||||||
* | Yelp Inc. | 24,482 | 547 | ||||||
News Corp. Class B | 52,508 | 537 |
112
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Shake Shack Inc. Class A | 9,765 | 532 | ||||||
Six Flags Entertainment Corp. | 25,950 | 519 | |||||||
* | Simply Good Foods Co. | 27,231 | 513 | ||||||
PriceSmart Inc. | 8,000 | 508 | |||||||
Jack in the Box Inc. | 8,345 | 503 | |||||||
Hillenbrand Inc. | 23,597 | 494 | |||||||
* | Eldorado Resorts Inc. | 22,465 | 482 | ||||||
* | 2U Inc. | 19,604 | 466 | ||||||
Boyd Gaming Corp. | 27,100 | 452 | |||||||
Core-Mark Holding Co. Inc. | 15,700 | 451 | |||||||
American Airlines Group Inc. | 36,766 | 442 | |||||||
American Eagle Outfitters Inc. | 54,694 | 435 | |||||||
* | Asbury Automotive Group Inc. | 6,400 | 432 | ||||||
* | Sally Beauty Holdings Inc. | 43,100 | 419 | ||||||
Penske Automotive Group Inc. | 11,200 | 403 | |||||||
* | Urban Outfitters Inc. | 23,017 | 399 | ||||||
Office Depot Inc. | 171,467 | 381 | |||||||
* | WW International Inc. | 14,914 | 380 | ||||||
* | Laureate Education Inc. Class A | 39,147 | 371 | ||||||
* | Gray Television Inc. | 31,375 | 364 | ||||||
Sinclair Broadcast Group Inc. Class A | 20,243 | 357 | |||||||
Bloomin’ Brands Inc. | 28,935 | 349 | |||||||
Rent-A-Center Inc. | 17,400 | 346 | |||||||
Group 1 Automotive Inc. | 6,100 | 345 | |||||||
Alaska Air Group Inc. | 10,336 | 336 | |||||||
Cheesecake Factory Inc. | 14,900 | 332 | |||||||
* | Avis Budget Group Inc. | 20,103 | 331 | ||||||
* | Liberty Latin America Ltd. Class C | 32,019 | 331 | ||||||
* | AMC Networks Inc. Class A | 13,734 | 328 | ||||||
Scholastic Corp. | 10,900 | 317 | |||||||
Big Lots Inc. | 12,783 | 300 | |||||||
Brinker International Inc. | 12,700 | 296 | |||||||
Matthews International Corp. Class A | 11,719 | 281 | |||||||
Red Rock Resorts Inc. Class A | 25,354 | 278 | |||||||
^ | Bed Bath & Beyond Inc. | 42,600 | 264 | ||||||
International Game Technology plc | 33,128 | 250 | |||||||
* | SeaWorld Entertainment Inc. | 17,000 | 250 | ||||||
Dine Brands Global Inc. | 5,500 | 244 | |||||||
* | Liberty Latin America Ltd. Class A | 22,191 | 237 | ||||||
Abercrombie & Fitch Co. | 22,080 | 234 | |||||||
* | MakeMyTrip Ltd. | 15,521 | 229 | ||||||
* | Liberty Media Corp-Liberty Braves Class C | 11,018 | 221 | ||||||
* | JetBlue Airways Corp. | 22,312 | 217 | ||||||
* | Scientific Games Corp. | 17,181 | 217 | ||||||
* | IMAX Corp. | 18,800 | 216 | ||||||
* | Herc Holdings Inc. | 7,460 | 211 | ||||||
* | Lions Gate Entertainment Corp. Class A | 29,135 | 208 | ||||||
* | WillScot Corp. | 17,848 | 208 | ||||||
Weis Markets Inc. | 3,900 | 195 | |||||||
* | Groupon Inc. | 157,202 | 192 | ||||||
Meredith Corp. | 12,200 | 181 | |||||||
* | Lions Gate Entertainment Corp. Class B | 26,185 | 175 | ||||||
Viad Corp. | 7,100 | 170 | |||||||
* | MSG Networks Inc. | 14,282 | 170 | ||||||
* | Liberty Media Corp-Liberty Braves | 8,199 | 169 | ||||||
BJ’s Restaurants Inc. | 7,600 | 166 | |||||||
Buckle Inc. | 10,800 | 165 | |||||||
Guess? Inc. | 17,200 | 161 | |||||||
Dave & Buster’s Entertainment Inc. | 10,238 | 150 | |||||||
* | Upwork Inc. | 17,901 | 149 | ||||||
Children’s Place Inc. | 5,000 | 148 | |||||||
Copa Holdings SA Class A | 3,205 | 142 | |||||||
EW Scripps Co. | 16,888 | 136 | |||||||
Designer Brands Inc. Class A | 21,420 | 136 |
113
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
^,* | Hertz Global Holdings Inc. | 32,303 | 131 | ||||||
* | Regis Corp. | 10,300 | 128 | ||||||
Allegiant Travel Co. | 1,626 | 128 | |||||||
SkyWest Inc. | 4,085 | 126 | |||||||
* | Cars.com Inc. | 22,892 | 119 | ||||||
Caleres Inc. | 14,400 | 117 | |||||||
* | Genesco Inc. | 5,900 | 112 | ||||||
^ | Dillard’s Inc. Class A | 3,531 | 104 | ||||||
* | Michaels Cos. Inc. | 31,512 | 96 | ||||||
* | Spirit Airlines Inc. | 5,300 | 80 | ||||||
Hawaiian Holdings Inc. | 3,900 | 56 | |||||||
* | Houghton Mifflin Harcourt Co. | 28,169 | 45 | ||||||
Gannett Co. Inc. | 37,031 | 42 | |||||||
1,399,758 | |||||||||
Financials (9.5%) | |||||||||
Visa Inc. Class A | 612,912 | 109,540 | |||||||
JPMorgan Chase & Co. | 1,117,577 | 107,019 | |||||||
* | Berkshire Hathaway Inc. Class B | 534,393 | 100,124 | ||||||
Mastercard Inc. Class A | 317,383 | 87,271 | |||||||
Bank of America Corp. | 2,867,165 | 68,955 | |||||||
Wells Fargo & Co. | 1,338,450 | 38,882 | |||||||
American Tower Corp. | 157,205 | 37,415 | |||||||
Citigroup Inc. | 757,414 | 36,780 | |||||||
* | Berkshire Hathaway Inc. Class A | 111 | 31,269 | ||||||
S&P Global Inc. | 88,022 | 25,780 | |||||||
Crown Castle International Corp. | 148,408 | 23,661 | |||||||
Prologis Inc. | 261,282 | 23,314 | |||||||
CME Group Inc. | 126,875 | 22,610 | |||||||
American Express Co. | 238,237 | 21,739 | |||||||
BlackRock Inc. | 42,396 | 21,285 | |||||||
Goldman Sachs Group Inc. | 114,786 | 21,054 | |||||||
Equinix Inc. | 30,420 | 20,540 | |||||||
US Bancorp | 497,775 | 18,169 | |||||||
Truist Financial Corp. | 478,619 | 17,862 | |||||||
Marsh & McLennan Cos. Inc. | 181,752 | 17,690 | |||||||
Intercontinental Exchange Inc. | 195,957 | 17,528 | |||||||
Chubb Ltd. | 161,685 | 17,464 | |||||||
PNC Financial Services Group Inc. | 155,579 | 16,596 | |||||||
Morgan Stanley | 418,016 | 16,482 | |||||||
Progressive Corp. | 208,798 | 16,140 | |||||||
Charles Schwab Corp. | 410,506 | 15,484 | |||||||
Aon plc | 82,509 | 14,247 | |||||||
Moody’s Corp. | 57,990 | 14,144 | |||||||
Digital Realty Trust Inc. | 93,023 | 13,906 | |||||||
SBA Communications Corp. | 39,857 | 11,555 | |||||||
Allstate Corp. | 113,543 | 11,550 | |||||||
Bank of New York Mellon Corp. | 288,052 | 10,813 | |||||||
Capital One Financial Corp. | 165,229 | 10,700 | |||||||
MetLife Inc. | 278,464 | 10,047 | |||||||
Public Storage | 53,245 | 9,874 | |||||||
Aflac Inc. | 261,116 | 9,724 | |||||||
MSCI Inc. | 29,237 | 9,561 | |||||||
T. Rowe Price Group Inc. | 82,477 | 9,537 | |||||||
IHS Markit Ltd. | 140,324 | 9,444 | |||||||
Travelers Cos. Inc. | 91,937 | 9,305 | |||||||
Prudential Financial Inc. | 141,459 | 8,823 | |||||||
Equity Residential | 129,703 | 8,438 | |||||||
Willis Towers Watson plc | 46,107 | 8,220 | |||||||
State Street Corp. | 129,134 | 8,141 | |||||||
AvalonBay Communities Inc. | 49,010 | 7,986 | |||||||
American International Group Inc. | 312,573 | 7,949 | |||||||
Welltower Inc. | 146,713 | 7,516 | |||||||
Simon Property Group Inc. | 109,962 | 7,342 | |||||||
Alexandria Real Estate Equities Inc. | 42,517 | 6,679 |
114
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
First Republic Bank | 61,964 | 6,462 | |||||||
Realty Income Corp. | 115,090 | 6,321 | |||||||
MarketAxess Holdings Inc. | 13,238 | 6,023 | |||||||
Equifax Inc. | 42,226 | 5,865 | |||||||
Weyerhaeuser Co. | 266,794 | 5,835 | |||||||
Essex Property Trust Inc. | 23,573 | 5,754 | |||||||
Northern Trust Corp. | 69,628 | 5,512 | |||||||
M&T Bank Corp. | 47,235 | 5,294 | |||||||
Boston Properties Inc. | 54,286 | 5,276 | |||||||
Ameriprise Financial Inc. | 45,879 | 5,273 | |||||||
* | CBRE Group Inc. Class A | 120,762 | 5,184 | ||||||
Arthur J Gallagher & Co. | 65,841 | 5,169 | |||||||
Hartford Financial Services Group Inc. | 129,116 | 4,905 | |||||||
Fifth Third Bancorp | 259,979 | 4,859 | |||||||
Healthpeak Properties Inc. | 183,365 | 4,793 | |||||||
Discover Financial Services | 109,060 | 4,686 | |||||||
Mid-America Apartment Communities Inc. | 41,634 | 4,660 | |||||||
Duke Realty Corp. | 133,291 | 4,625 | |||||||
Nasdaq Inc. | 41,065 | 4,504 | |||||||
Invitation Homes Inc. | 189,771 | 4,488 | |||||||
Sun Communities Inc. | 32,136 | 4,319 | |||||||
Ventas Inc. | 132,906 | 4,300 | |||||||
Synchrony Financial | 216,164 | 4,278 | |||||||
* | Markel Corp. | 4,804 | 4,160 | ||||||
WP Carey Inc. | 61,673 | 4,057 | |||||||
KeyCorp | 345,234 | 4,022 | |||||||
Extra Space Storage Inc. | 45,475 | 4,013 | |||||||
Cboe Global Markets Inc. | 39,718 | 3,947 | |||||||
UDR Inc. | 104,155 | 3,903 | |||||||
TD Ameritrade Holding Corp. | 94,952 | 3,729 | |||||||
Equity LifeStyle Properties Inc. | 61,433 | 3,705 | |||||||
* | SVB Financial Group | 19,142 | 3,698 | ||||||
Principal Financial Group Inc. | 100,361 | 3,654 | |||||||
Regions Financial Corp. | 337,100 | 3,624 | |||||||
Cincinnati Financial Corp. | 54,792 | 3,605 | |||||||
Citizens Financial Group Inc. | 153,529 | 3,438 | |||||||
E*TRADE Financial Corp. | 82,339 | 3,344 | |||||||
* | Arch Capital Group Ltd. | 139,026 | 3,341 | ||||||
Huntington Bancshares Inc. | 356,334 | 3,293 | |||||||
Annaly Capital Management Inc. | 508,253 | 3,177 | |||||||
Medical Properties Trust Inc. | 184,321 | 3,159 | |||||||
Globe Life Inc. | 37,800 | 3,112 | |||||||
Host Hotels & Resorts Inc. | 250,694 | 3,086 | |||||||
Brown & Brown Inc. | 84,634 | 3,039 | |||||||
Loews Corp. | 87,065 | 3,018 | |||||||
Camden Property Trust | 34,214 | 3,013 | |||||||
Raymond James Financial Inc. | 44,717 | 2,948 | |||||||
Western Union Co. | 152,334 | 2,905 | |||||||
VICI Properties Inc. | 166,720 | 2,904 | |||||||
Vornado Realty Trust | 64,348 | 2,820 | |||||||
CyrusOne Inc. | 39,639 | 2,781 | |||||||
WR Berkley Corp. | 51,148 | 2,762 | |||||||
Equitable Holdings Inc. | 149,115 | 2,732 | |||||||
Alleghany Corp. | 5,065 | 2,703 | |||||||
Lincoln National Corp. | 74,380 | 2,638 | |||||||
Fidelity National Financial Inc. | 95,866 | 2,593 | |||||||
Regency Centers Corp. | 58,698 | 2,577 | |||||||
Credicorp Ltd. (XNYS) | 17,212 | 2,565 | |||||||
Everest Re Group Ltd. | 14,291 | 2,474 | |||||||
Kilroy Realty Corp. | 39,593 | 2,465 | |||||||
Iron Mountain Inc. | 101,572 | 2,456 | |||||||
AGNC Investment Corp. | 195,559 | 2,429 | |||||||
Omega Healthcare Investors Inc. | 82,858 | 2,415 | |||||||
Federal Realty Investment Trust | 28,722 | 2,392 |
115
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Reinsurance Group of America Inc. | 22,619 | 2,368 | |||||||
Assurant Inc. | 22,094 | 2,347 | |||||||
SEI Investments Co. | 45,285 | 2,308 | |||||||
RenaissanceRe Holdings Ltd. | 15,631 | 2,282 | |||||||
VEREIT Inc. | 410,408 | 2,249 | |||||||
American Homes 4 Rent Class A | 91,949 | 2,220 | |||||||
Voya Financial Inc. | 48,429 | 2,188 | |||||||
Commerce Bancshares Inc. | 35,635 | 2,181 | |||||||
Ally Financial Inc. | 131,839 | 2,161 | |||||||
Douglas Emmett Inc. | 69,431 | 2,117 | |||||||
* | Zillow Group Inc. Class C | 47,944 | 2,108 | ||||||
Signature Bank | 19,347 | 2,074 | |||||||
Zions Bancorp NA | 65,433 | 2,068 | |||||||
Americold Realty Trust | 67,281 | 2,058 | |||||||
Gaming and Leisure Properties Inc. | 72,357 | 2,043 | |||||||
National Retail Properties Inc. | 62,293 | 2,033 | |||||||
Apartment Investment and Management Co. | 53,033 | 1,998 | |||||||
Jones Lang LaSalle Inc. | 18,881 | 1,993 | |||||||
People’s United Financial Inc. | 156,870 | 1,991 | |||||||
Prosperity Bancshares Inc. | 32,723 | 1,961 | |||||||
Healthcare Trust of America Inc. Class A | 78,584 | 1,936 | |||||||
Franklin Resources Inc. | 98,229 | 1,851 | |||||||
First American Financial Corp. | 38,756 | 1,787 | |||||||
Rexford Industrial Realty Inc. | 43,761 | 1,782 | |||||||
Lamar Advertising Co. Class A | 30,447 | 1,755 | |||||||
American Campus Communities Inc. | 49,738 | 1,755 | |||||||
LPL Financial Holdings Inc. | 29,014 | 1,747 | |||||||
Kimco Realty Corp. | 159,783 | 1,743 | |||||||
East West Bancorp Inc. | 49,583 | 1,739 | |||||||
American Financial Group Inc. | 26,192 | 1,735 | |||||||
CubeSmart | 68,549 | 1,727 | |||||||
New York Community Bancorp Inc. | 158,337 | 1,720 | |||||||
Comerica Inc. | 49,040 | 1,710 | |||||||
First Industrial Realty Trust Inc. | 45,130 | 1,705 | |||||||
TCF Financial Corp. | 54,779 | 1,626 | |||||||
Old Republic International Corp. | 100,038 | 1,596 | |||||||
CoreSite Realty Corp. | 13,139 | 1,592 | |||||||
SL Green Realty Corp. | 29,769 | 1,579 | |||||||
STORE Capital Corp. | 78,349 | 1,572 | |||||||
Legg Mason Inc. | 31,494 | 1,569 | |||||||
Primerica Inc. | 14,828 | 1,541 | |||||||
Kemper Corp. | 22,356 | 1,503 | |||||||
STAG Industrial Inc. | 57,233 | 1,502 | |||||||
Cullen/Frost Bankers Inc. | 20,884 | 1,501 | |||||||
Highwoods Properties Inc. | 38,361 | 1,489 | |||||||
JBG SMITH Properties | 43,782 | 1,486 | |||||||
Cousins Properties Inc. | 49,145 | 1,483 | |||||||
Life Storage Inc. | 16,596 | 1,454 | |||||||
EastGroup Properties Inc. | 13,633 | 1,445 | |||||||
Equity Commonwealth | 42,482 | 1,442 | |||||||
Hudson Pacific Properties Inc. | 56,682 | 1,393 | |||||||
Eaton Vance Corp. | 36,250 | 1,330 | |||||||
Hanover Insurance Group Inc. | 13,147 | 1,320 | |||||||
* | Athene Holding Ltd. Class A | 48,525 | 1,310 | ||||||
QTS Realty Trust Inc. Class A | 20,939 | 1,309 | |||||||
Healthcare Realty Trust Inc. | 43,858 | 1,289 | |||||||
Brixmor Property Group Inc. | 112,474 | 1,288 | |||||||
Terreno Realty Corp. | 23,429 | 1,284 | |||||||
Starwood Property Trust Inc. | 98,161 | 1,270 | |||||||
Unum Group | 72,198 | 1,260 | |||||||
SLM Corp. | 147,616 | 1,231 | |||||||
Popular Inc. | 31,898 | 1,231 | |||||||
Glacier Bancorp Inc. | 32,222 | 1,227 | |||||||
Invesco Ltd. | 142,059 | 1,225 |
116
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
First Financial Bankshares Inc. | 43,800 | 1,220 | |||||||
Jefferies Financial Group Inc. | 88,191 | 1,210 | |||||||
Affiliated Managers Group Inc. | 16,983 | 1,188 | |||||||
Western Alliance Bancorp | 32,100 | 1,152 | |||||||
Community Bank System Inc. | 18,281 | 1,142 | |||||||
Rayonier Inc. | 47,357 | 1,138 | |||||||
Blackstone Mortgage Trust Inc. Class A | 48,290 | 1,136 | |||||||
Corporate Office Properties Trust | 42,879 | 1,133 | |||||||
Interactive Brokers Group Inc. | 26,641 | 1,092 | |||||||
Physicians Realty Trust | 70,596 | 1,089 | |||||||
Radian Group Inc. | 72,626 | 1,088 | |||||||
* | Credit Acceptance Corp. | 3,485 | 1,086 | ||||||
Axis Capital Holdings Ltd. | 29,515 | 1,080 | |||||||
White Mountains Insurance Group Ltd. | 1,110 | 1,080 | |||||||
Lazard Ltd. Class A | 38,796 | 1,067 | |||||||
Valley National Bancorp | 126,557 | 1,058 | |||||||
Selective Insurance Group Inc. | 20,679 | 1,037 | |||||||
RLI Corp. | 14,199 | 1,034 | |||||||
* | Brighthouse Financial Inc. | 40,172 | 1,033 | ||||||
Janus Henderson Group plc | 57,328 | 1,026 | |||||||
Agree Realty Corp. | 15,687 | 1,021 | |||||||
FirstCash Inc. | 14,196 | 1,020 | |||||||
Spirit Realty Capital Inc. | 33,014 | 1,016 | |||||||
Pinnacle Financial Partners Inc. | 24,963 | 1,005 | |||||||
Assured Guaranty Ltd. | 33,736 | 1,003 | |||||||
CVB Financial Corp. | 47,493 | 987 | |||||||
Synovus Financial Corp. | 46,636 | 980 | |||||||
Stifel Financial Corp. | 22,100 | 979 | |||||||
Sterling Bancorp | 78,980 | 974 | |||||||
United Bankshares Inc. | 32,400 | 971 | |||||||
Paramount Group Inc. | 97,377 | 940 | |||||||
Essent Group Ltd. | 34,247 | 936 | |||||||
Sabra Health Care REIT Inc. | 72,809 | 933 | |||||||
First Horizon National Corp. | 102,258 | 929 | |||||||
MGIC Investment Corp. | 126,796 | 927 | |||||||
Wintrust Financial Corp. | 22,049 | 924 | |||||||
Umpqua Holdings Corp. | 73,481 | 920 | |||||||
Bank OZK | 40,637 | 919 | |||||||
Bank of Hawaii Corp. | 13,200 | 900 | |||||||
Park Hotels & Resorts Inc. | 93,788 | 892 | |||||||
First Citizens BancShares Inc. Class A | 2,333 | 891 | |||||||
Taubman Centers Inc. | 20,625 | 889 | |||||||
FNB Corp. | 108,141 | 875 | |||||||
PS Business Parks Inc. | 6,738 | 870 | |||||||
Houlihan Lokey Inc. | 14,487 | 860 | |||||||
Webster Financial Corp. | 30,432 | 860 | |||||||
New Residential Investment Corp. | 140,926 | 858 | |||||||
First Hawaiian Inc. | 48,772 | 858 | |||||||
National Health Investors Inc. | 15,514 | 854 | |||||||
* | eHealth Inc. | 7,911 | 844 | ||||||
Lexington Realty Trust Class B | 80,158 | 838 | |||||||
Ares Management Corp. Class A | 24,654 | 827 | |||||||
* | Zillow Group Inc. Class A | 18,914 | 824 | ||||||
Kinsale Capital Group Inc. | 7,544 | 819 | |||||||
Independent Bank Corp. | 11,135 | 812 | |||||||
Weingarten Realty Investors | 44,152 | 803 | |||||||
* | Cannae Holdings Inc. | 25,296 | 798 | ||||||
PotlatchDeltic Corp. | 22,659 | 796 | |||||||
* | Howard Hughes Corp. | 14,638 | 793 | ||||||
Home BancShares Inc. | 51,498 | 789 | |||||||
PacWest Bancorp | 38,998 | 789 | |||||||
WesBanco Inc. | 31,805 | 785 | |||||||
BankUnited Inc. | 39,446 | 781 | |||||||
Old National Bancorp | 54,113 | 767 |
117
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
CenterState Bank Corp. | 43,682 | 760 | |||||||
EPR Properties | 25,690 | 756 | |||||||
Apple Hospitality REIT Inc. | 77,241 | 748 | |||||||
Outfront Media Inc. | 47,515 | 746 | |||||||
Washington Federal Inc. | 27,797 | 743 | |||||||
Associated Banc-Corp | 52,563 | 743 | |||||||
Columbia Banking System Inc. | 27,345 | 738 | |||||||
UMB Financial Corp. | 14,400 | 732 | |||||||
IBERIABANK Corp. | 17,606 | 730 | |||||||
First Merchants Corp. | 25,726 | 728 | |||||||
Federated Hermes Inc. | 31,879 | 726 | |||||||
BancorpSouth Bank | 32,960 | 722 | |||||||
Renasant Corp. | 27,464 | 720 | |||||||
CNO Financial Group Inc. | 50,800 | 714 | |||||||
Atlantic Union Bankshares Corp. | 29,890 | 713 | |||||||
Investors Bancorp Inc. | 75,431 | 702 | |||||||
Sunstone Hotel Investors Inc. | 75,889 | 697 | |||||||
Evercore Inc. | 13,474 | 695 | |||||||
Cathay General Bancorp | 24,300 | 678 | |||||||
Piedmont Office Realty Trust Inc. Class A | 38,700 | 671 | |||||||
South State Corp. | 11,495 | 665 | |||||||
ServisFirst Bancshares Inc. | 18,624 | 662 | |||||||
* | Redfin Corp. | 30,994 | 655 | ||||||
Kennedy-Wilson Holdings Inc. | 46,138 | 653 | |||||||
* | Genworth Financial Inc. | 179,601 | 652 | ||||||
Washington REIT | 27,797 | 648 | |||||||
* | LendingTree Inc. | 2,598 | 648 | ||||||
National Storage Affiliates Trust | 22,417 | 638 | |||||||
United Community Banks Inc. | 30,094 | 636 | |||||||
American Equity Investment Life Holding Co. | 29,884 | 628 | |||||||
Ryman Hospitality Properties Inc. | 17,721 | 626 | |||||||
Fulton Financial Corp. | 53,376 | 624 | |||||||
Brandywine Realty Trust | 55,764 | 622 | |||||||
BOK Financial Corp. | 11,987 | 621 | |||||||
Towne Bank | 30,086 | 608 | |||||||
Capitol Federal Financial Inc. | 50,646 | 607 | |||||||
Westamerica BanCorp | 9,567 | 603 | |||||||
Hancock Whitney Corp. | 28,702 | 600 | |||||||
CIT Group Inc. | 31,583 | 599 | |||||||
International Bancshares Corp. | 20,478 | 594 | |||||||
Simmons First National Corp. Class A | 31,602 | 591 | |||||||
CareTrust REIT Inc. | 35,791 | 590 | |||||||
RLJ Lodging Trust | 62,664 | 582 | |||||||
* | Enstar Group Ltd. | 3,976 | 575 | ||||||
Santander Consumer USA Holdings Inc. | 36,614 | 571 | |||||||
Trustmark Corp. | 21,376 | 569 | |||||||
Pebblebrook Hotel Trust | 47,261 | 560 | |||||||
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 19,978 | 559 | |||||||
FGL Holdings | 51,215 | 532 | |||||||
Navient Corp. | 69,370 | 529 | |||||||
Columbia Property Trust Inc. | 36,900 | 527 | |||||||
OneMain Holdings Inc | 21,713 | 526 | |||||||
First Midwest Bancorp Inc. | 35,393 | 523 | |||||||
NBT Bancorp Inc. | 15,670 | 519 | |||||||
Horace Mann Educators Corp. | 14,746 | 518 | |||||||
Four Corners Property Trust Inc. | 23,155 | 518 | |||||||
CoreCivic Inc. | 38,822 | 509 | |||||||
GEO Group Inc. | 39,698 | 503 | |||||||
WSFS Financial Corp. | 17,130 | 500 | |||||||
First Financial Bancorp | 32,335 | 497 | |||||||
Ameris Bancorp | 19,450 | 495 | |||||||
Heartland Financial USA Inc. | 14,377 | 488 | |||||||
* | Green Dot Corp. Class A | 15,726 | 480 | ||||||
Chimera Investment Corp. | 61,147 | 475 |
118
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Texas Capital Bancshares Inc. | 16,800 | 467 | ||||||
Safety Insurance Group Inc. | 5,484 | 461 | |||||||
Hilltop Holdings Inc. | 23,832 | 460 | |||||||
First BanCorp | 78,764 | 459 | |||||||
Essential Properties Realty Trust Inc. | 31,200 | 458 | |||||||
Moelis & Co. Class A | 15,226 | 455 | |||||||
* | Cushman & Wakefield plc | 37,322 | 454 | ||||||
Cohen & Steers Inc. | 7,865 | 454 | |||||||
Virtu Financial Inc. Class A | 19,421 | 454 | |||||||
Sandy Spring Bancorp Inc. | 17,780 | 453 | |||||||
Mack-Cali Realty Corp. | 28,000 | 453 | |||||||
Office Properties Income Trust | 16,401 | 449 | |||||||
Artisan Partners Asset Management Inc. Class A | 15,100 | 445 | |||||||
Urban Edge Properties | 38,181 | 439 | |||||||
Stock Yards Bancorp Inc. | 13,206 | 436 | |||||||
LTC Properties Inc. | 12,200 | 434 | |||||||
Universal Health Realty Income Trust | 4,048 | 433 | |||||||
Global Net Lease Inc. | 29,868 | 430 | |||||||
Retail Properties of America Inc. | 69,300 | 430 | |||||||
Pacific Premier Bancorp Inc. | 20,025 | 428 | |||||||
American Assets Trust Inc. | 15,084 | 427 | |||||||
Banner Corp. | 11,100 | 427 | |||||||
Argo Group International Holdings Ltd. | 12,034 | 426 | |||||||
Apollo Commercial Real Estate Finance Inc. | 51,614 | 421 | |||||||
* | Axos Financial Inc. | 18,100 | 417 | ||||||
Uniti Group Inc. | 58,899 | 416 | |||||||
National General Holdings Corp. | 21,652 | 412 | |||||||
Bank of NT Butterfield & Son Ltd. | 18,600 | 409 | |||||||
Hope Bancorp Inc. | 40,854 | 407 | |||||||
Two Harbors Investment Corp. | 88,810 | 406 | |||||||
Service Properties Trust | 57,705 | 400 | |||||||
Empire State Realty Trust Inc. | 47,485 | 397 | |||||||
City Holding Co. | 5,856 | 396 | |||||||
DiamondRock Hospitality Co. | 62,900 | 392 | |||||||
Eagle Bancorp Inc. | 11,100 | 389 | |||||||
ProAssurance Corp. | 18,116 | 388 | |||||||
* | PRA Group Inc. | 13,900 | 386 | ||||||
Colony Capital Inc. | 166,630 | 385 | |||||||
Xenia Hotels & Resorts Inc. | 38,549 | 374 | |||||||
S&T Bancorp Inc. | 13,864 | 370 | |||||||
PennyMac Mortgage Investment Trust | 35,054 | 365 | |||||||
Kite Realty Group Trust | 34,904 | 357 | |||||||
Northwest Bancshares Inc. | 33,255 | 353 | |||||||
Employers Holdings Inc. | 11,517 | 350 | |||||||
Macerich Co. | 46,646 | 348 | |||||||
Mercury General Corp. | 8,455 | 346 | |||||||
Getty Realty Corp. | 12,711 | 345 | |||||||
Great Western Bancorp Inc. | 18,300 | 344 | |||||||
1st Source Corp. | 9,902 | 344 | |||||||
Independent Bank Group Inc. | 11,242 | 341 | |||||||
Retail Opportunity Investments Corp. | 34,600 | 336 | |||||||
Walker & Dunlop Inc. | 8,700 | 334 | |||||||
Acadia Realty Trust | 26,832 | 332 | |||||||
Kearny Financial Corp. | 34,950 | 325 | |||||||
* | Columbia Financial Inc. | 22,700 | 321 | ||||||
Washington Trust Bancorp Inc. | 9,049 | 317 | |||||||
Waddell & Reed Financial Inc. Class A | 21,400 | 311 | |||||||
BGC Partners Inc. Class A | 100,123 | 310 | |||||||
Alexander & Baldwin Inc. | 23,560 | 310 | |||||||
First Commonwealth Financial Corp. | 31,800 | 303 | |||||||
Brookline Bancorp Inc. | 29,447 | 301 | |||||||
Flagstar Bancorp Inc. | 11,481 | 297 | |||||||
Provident Financial Services Inc. | 20,241 | 290 | |||||||
SITE Centers Corp. | 47,750 | 289 |
119
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Ladder Capital Corp. | 35,226 | 280 | |||||||
* | NMI Holdings Inc. Class A | 20,557 | 278 | ||||||
CNA Financial Corp. | 8,700 | 275 | |||||||
Nelnet Inc. Class A | 5,500 | 265 | |||||||
MFA Financial Inc. | 150,990 | 264 | |||||||
Cadence BanCorp Class A | 39,657 | 263 | |||||||
PennyMac Financial Services Inc. | 8,618 | 260 | |||||||
Berkshire Hills Bancorp Inc. | 15,143 | 258 | |||||||
Alexander’s Inc. | 800 | 252 | |||||||
BancFirst Corp. | 6,533 | 252 | |||||||
Diversified Healthcare Trust | 80,525 | 250 | |||||||
Piper Sandler Cos. | 4,600 | 248 | |||||||
* | Encore Capital Group Inc. | 9,500 | 247 | ||||||
* | MBIA Inc. | 30,300 | 247 | ||||||
Republic Bancorp Inc. Class A | 7,350 | 245 | |||||||
Flushing Financial Corp. | 19,080 | 238 | |||||||
Brookfield Property REIT Inc. Class A | 23,402 | 229 | |||||||
Summit Hotel Properties Inc. | 37,496 | 227 | |||||||
Investors Real Estate Trust | 3,518 | 220 | |||||||
* | Marcus & Millichap Inc. | 7,530 | 219 | ||||||
TrustCo Bank Corp. NY | 34,506 | 217 | |||||||
American National Insurance Co. | 2,700 | 217 | |||||||
Front Yard Residential Corp. | 18,600 | 212 | |||||||
United Fire Group Inc. | 7,394 | 211 | |||||||
TFS Financial Corp. | 15,200 | 207 | |||||||
Virtus Investment Partners Inc. | 2,528 | 205 | |||||||
iStar Inc. | 20,300 | 203 | |||||||
* | St. Joe Co. | 11,077 | 203 | ||||||
^ | Tanger Factory Outlet Centers Inc. | 26,592 | 200 | ||||||
Boston Private Financial Holdings Inc. | 26,300 | 200 | |||||||
Brightsphere Investment Group Inc. | 25,965 | 192 | |||||||
Community Trust Bancorp Inc. | 5,671 | 192 | |||||||
Newmark Group Inc. Class A | 49,545 | 192 | |||||||
Franklin Street Properties Corp. | 34,469 | 188 | |||||||
* | Third Point Reinsurance Ltd. | 24,804 | 185 | ||||||
Realogy Holdings Corp. | 41,590 | 181 | |||||||
ARMOUR Residential REIT Inc. | 19,722 | 174 | |||||||
Dime Community Bancshares Inc. | 10,369 | 170 | |||||||
RPT Realty | 24,700 | 168 | |||||||
Saul Centers Inc. | 5,132 | 167 | |||||||
State Auto Financial Corp. | 6,500 | 163 | |||||||
* | LendingClub Corp. | 21,240 | 163 | ||||||
Redwood Trust Inc. | 38,700 | 159 | |||||||
Invesco Mortgage Capital Inc. | 50,795 | 154 | |||||||
Capstead Mortgage Corp. | 28,700 | 149 | |||||||
RMR Group Inc. Class A | 4,851 | 144 | |||||||
FBL Financial Group Inc. Class A | 3,500 | 137 | |||||||
Urstadt Biddle Properties Inc. Class A | 9,340 | 136 | |||||||
WisdomTree Investments Inc. | 41,800 | 135 | |||||||
Colony Credit Real Estate Inc. | 25,568 | 123 | |||||||
Retail Value Inc. | 4,912 | 71 | |||||||
CorePoint Lodging Inc. | 12,303 | 54 | |||||||
Washington Prime Group Inc. | 51,935 | 45 | |||||||
1,669,354 | |||||||||
Health Care (8.2%) | |||||||||
Johnson & Johnson | 950,554 | 142,621 | |||||||
UnitedHealth Group Inc. | 338,229 | 98,922 | |||||||
Pfizer Inc. | 1,991,703 | 76,402 | |||||||
Merck & Co. Inc. | 911,499 | 72,318 | |||||||
Abbott Laboratories | 615,935 | 56,721 | |||||||
Bristol-Myers Squibb Co. | 836,042 | 50,840 | |||||||
Amgen Inc. | 211,234 | 50,531 | |||||||
Thermo Fisher Scientific Inc. | 142,577 | 47,718 | |||||||
Eli Lilly and Co. | 304,241 | 47,048 |
120
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Medtronic plc | 479,848 | 46,848 | |||||||
AbbVie Inc. | 530,046 | 43,570 | |||||||
Gilead Sciences Inc. | 457,456 | 38,426 | |||||||
Danaher Corp. | 219,912 | 35,947 | |||||||
Cigna Corp. | 131,210 | 25,688 | |||||||
Anthem Inc. | 90,897 | 25,518 | |||||||
Becton Dickinson and Co. | 95,866 | 24,209 | |||||||
* | Vertex Pharmaceuticals Inc. | 93,417 | 23,466 | ||||||
Stryker Corp. | 122,899 | 22,912 | |||||||
Zoetis Inc. | 171,559 | 22,184 | |||||||
Allergan plc | 117,387 | 21,991 | |||||||
* | Intuitive Surgical Inc. | 40,966 | 20,929 | ||||||
* | Boston Scientific Corp. | 494,454 | 18,532 | ||||||
* | Biogen Inc. | 62,053 | 18,419 | ||||||
Humana Inc. | 47,253 | 18,042 | |||||||
* | Illumina Inc. | 52,604 | 16,782 | ||||||
* | Edwards Lifesciences Corp. | 74,303 | 16,161 | ||||||
* | Regeneron Pharmaceuticals Inc. | 29,186 | 15,348 | ||||||
Baxter International Inc. | 171,961 | 15,267 | |||||||
* | Centene Corp. | 207,652 | 13,825 | ||||||
* | DexCom Inc. | 32,418 | 10,867 | ||||||
HCA Healthcare Inc. | 96,345 | 10,586 | |||||||
* | IQVIA Holdings Inc. | 62,185 | 8,867 | ||||||
Zimmer Biomet Holdings Inc. | 73,882 | 8,844 | |||||||
* | IDEXX Laboratories Inc. | 30,147 | 8,369 | ||||||
* | Alexion Pharmaceuticals Inc. | 76,764 | 8,250 | ||||||
ResMed Inc. | 51,023 | 7,925 | |||||||
* | Incyte Corp. | 63,133 | 6,166 | ||||||
* | Align Technology Inc. | 28,100 | 6,037 | ||||||
* | BioMarin Pharmaceutical Inc. | 64,520 | 5,937 | ||||||
* | Laboratory Corp. of America Holdings | 35,218 | 5,792 | ||||||
* | Seattle Genetics Inc. | 41,181 | 5,651 | ||||||
Teleflex Inc. | 16,245 | 5,449 | |||||||
Cardinal Health Inc. | 104,416 | 5,167 | |||||||
Quest Diagnostics Inc. | 46,675 | 5,139 | |||||||
* | Alnylam Pharmaceuticals Inc. | 38,821 | 5,113 | ||||||
West Pharmaceutical Services Inc. | 26,332 | 4,984 | |||||||
Cooper Cos. Inc. | 17,054 | 4,889 | |||||||
* | Hologic Inc. | 92,321 | 4,625 | ||||||
* | Insulet Corp. | 21,633 | 4,321 | ||||||
STERIS plc | 30,224 | 4,307 | |||||||
* | Teladoc Health Inc. | 25,510 | 4,199 | ||||||
* | Exact Sciences Corp. | 50,333 | 3,975 | ||||||
* | Catalent Inc. | 55,009 | 3,804 | ||||||
PerkinElmer Inc. | 41,021 | 3,714 | |||||||
* | Moderna Inc. | 79,966 | 3,678 | ||||||
* | Varian Medical Systems Inc. | 31,993 | 3,659 | ||||||
* | Masimo Corp. | 17,057 | 3,649 | ||||||
* | Elanco Animal Health Inc. | 147,318 | 3,640 | ||||||
* | Molina Healthcare Inc. | 21,715 | 3,561 | ||||||
* | Bio-Rad Laboratories Inc. Class A | 7,738 | 3,405 | ||||||
Dentsply Sirona Inc. | 80,055 | 3,398 | |||||||
* | Neurocrine Biosciences Inc. | 32,073 | 3,148 | ||||||
* | Mylan NV | 187,592 | 3,146 | ||||||
Bio-Techne Corp. | 13,965 | 3,142 | |||||||
Universal Health Services Inc. Class B | 28,595 | 3,022 | |||||||
* | Sarepta Therapeutics Inc. | 25,637 | 3,022 | ||||||
* | ABIOMED Inc. | 15,759 | 3,014 | ||||||
* | Henry Schein Inc. | 53,651 | 2,927 | ||||||
Hill-Rom Holdings Inc. | 24,231 | 2,726 | |||||||
* | Exelixis Inc. | 108,968 | 2,691 | ||||||
* | Charles River Laboratories International Inc. | 17,800 | 2,575 | ||||||
* | Ionis Pharmaceuticals Inc. | 45,987 | 2,554 | ||||||
* | DaVita Inc. | 31,713 | 2,506 |
121
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Perrigo Co. plc | 46,081 | 2,456 | |||||||
* | Horizon Therapeutics plc | 65,875 | 2,374 | ||||||
Encompass Health Corp. | 35,159 | 2,329 | |||||||
Chemed Corp. | 5,585 | 2,327 | |||||||
* | PRA Health Sciences Inc. | 22,705 | 2,191 | ||||||
* | Jazz Pharmaceuticals plc | 19,682 | 2,170 | ||||||
* | Repligen Corp. | 18,525 | 2,152 | ||||||
* | Immunomedics Inc. | 69,659 | 2,116 | ||||||
* | Amedisys Inc. | 11,334 | 2,087 | ||||||
* | Novocure Ltd. | 30,991 | 2,039 | ||||||
* | Haemonetics Corp. | 17,696 | 2,013 | ||||||
* | ACADIA Pharmaceuticals Inc. | 41,434 | 2,002 | ||||||
* | Penumbra Inc. | 11,226 | 1,991 | ||||||
* | Avantor Inc. | 115,266 | 1,938 | ||||||
* | Quidel Corp. | 13,045 | 1,813 | ||||||
* | United Therapeutics Corp. | 15,564 | 1,705 | ||||||
* | Tandem Diabetes Care Inc. | 20,242 | 1,615 | ||||||
* | Global Blood Therapeutics Inc. | 19,744 | 1,511 | ||||||
* | ICU Medical Inc. | 6,751 | 1,481 | ||||||
* | HealthEquity Inc. | 25,679 | 1,445 | ||||||
Bruker Corp. | 36,327 | 1,428 | |||||||
* | Acceleron Pharma Inc. | 15,683 | 1,420 | ||||||
* | LHC Group Inc. | 10,637 | 1,383 | ||||||
* | Globus Medical Inc. | 29,026 | 1,378 | ||||||
* | Momenta Pharmaceuticals Inc. | 42,958 | 1,362 | ||||||
* | Iovance Biotherapeutics Inc. | 41,765 | 1,343 | ||||||
* | Wright Medical Group NV | 45,172 | 1,315 | ||||||
* | Reata Pharmaceuticals Inc. Class A | 8,150 | 1,289 | ||||||
* | Syneos Health Inc. | 22,906 | 1,278 | ||||||
* | Nevro Corp. | 10,767 | 1,267 | ||||||
* | Arrowhead Pharmaceuticals Inc. | 36,332 | 1,251 | ||||||
* | Integra LifeSciences Holdings Corp. | 24,058 | 1,228 | ||||||
* | Emergent BioSolutions Inc. | 16,604 | 1,228 | ||||||
* | NuVasive Inc. | 19,617 | 1,194 | ||||||
* | Ultragenyx Pharmaceutical Inc. | 19,750 | 1,193 | ||||||
* | Omnicell Inc. | 16,205 | 1,181 | ||||||
* | Nektar Therapeutics Class A | 60,800 | 1,167 | ||||||
* | Neogen Corp. | 18,621 | 1,165 | ||||||
* | Blueprint Medicines Corp. | 19,640 | 1,155 | ||||||
* | Bluebird Bio Inc. | 20,877 | 1,125 | ||||||
* | Amicus Therapeutics Inc. | 92,655 | 1,094 | ||||||
* | Halozyme Therapeutics Inc. | 47,590 | 1,078 | ||||||
* | Envista Holdings Corp. | 54,254 | 1,056 | ||||||
* | FibroGen Inc. | 28,413 | 1,048 | ||||||
* | Guardant Health Inc. | 13,389 | 1,030 | ||||||
* | PTC Therapeutics Inc. | 20,006 | 1,019 | ||||||
* | iRhythm Technologies Inc. | 9,434 | 997 | ||||||
* | MyoKardia Inc. | 15,515 | 975 | ||||||
* | LivaNova plc | 17,983 | 955 | ||||||
* | Mirati Therapeutics Inc. | 10,735 | 913 | ||||||
* | NeoGenomics Inc. | 32,448 | 887 | ||||||
* | Axsome Therapeutics Inc. | 9,252 | 879 | ||||||
* | Natera Inc. | 23,325 | 864 | ||||||
* | Arena Pharmaceuticals Inc. | 17,157 | 840 | ||||||
* | HMS Holdings Corp. | 29,300 | 840 | ||||||
* | Agios Pharmaceuticals Inc. | 19,998 | 823 | ||||||
* | Select Medical Holdings Corp. | 46,325 | 791 | ||||||
* | Merit Medical Systems Inc. | 18,537 | 757 | ||||||
* | Medpace Holdings Inc. | 9,406 | 751 | ||||||
CONMED Corp. | 10,091 | 746 | |||||||
* | ChemoCentryx Inc. | 14,038 | 744 | ||||||
* | Alkermes plc | 54,000 | 740 | ||||||
* | Insmed Inc. | 32,016 | 736 | ||||||
* | Prestige Consumer Healthcare Inc. | 17,800 | 724 |
122
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | uniQure NV | 11,328 | 721 | ||||||
* | Acadia Healthcare Co. Inc. | 29,667 | 712 | ||||||
* | Tenet Healthcare Corp. | 34,793 | 702 | ||||||
Healthcare Services Group Inc. | 27,114 | 691 | |||||||
* | Sage Therapeutics Inc. | 17,398 | 678 | ||||||
* | Intercept Pharmaceuticals Inc. | 8,100 | 664 | ||||||
* | Biohaven Pharmaceutical Holding Co. Ltd. | 14,017 | 660 | ||||||
Ensign Group Inc. | 17,200 | 643 | |||||||
* | Ligand Pharmaceuticals Inc. | 5,673 | 559 | ||||||
Luminex Corp. | 15,000 | 541 | |||||||
Patterson Cos. Inc. | 29,213 | 534 | |||||||
* | Kodiak Sciences Inc. | 9,670 | 527 | ||||||
* | Pacira BioSciences Inc. | 12,600 | 520 | ||||||
Cantel Medical Corp. | 13,970 | 517 | |||||||
* | BioTelemetry Inc. | 11,000 | 514 | ||||||
* | Ironwood Pharmaceuticals Inc. | 51,150 | 512 | ||||||
* | Glaukos Corp. | 13,496 | 495 | ||||||
* | Turning Point Therapeutics Inc. | 9,553 | 492 | ||||||
* | Theravance Biopharma Inc. | 16,757 | 489 | ||||||
* | Avanos Medical Inc. | 15,505 | 481 | ||||||
* | Xencor Inc. | 16,099 | 471 | ||||||
* | Invitae Corp. | 27,350 | 453 | ||||||
* | Denali Therapeutics Inc. | 20,667 | 452 | ||||||
^,* | Allogene Therapeutics Inc. | 15,489 | 448 | ||||||
* | REGENXBIO Inc. | 11,200 | 446 | ||||||
* | Magellan Health Inc. | 7,300 | 443 | ||||||
* | Allakos Inc. | 6,709 | 441 | ||||||
* | Epizyme Inc. | 26,771 | 441 | ||||||
* | Heron Therapeutics Inc. | 30,044 | 428 | ||||||
* | Deciphera Pharmaceuticals Inc. | 7,233 | 419 | ||||||
* | MEDNAX Inc. | 28,400 | 412 | ||||||
* | Corcept Therapeutics Inc. | 31,767 | 402 | ||||||
* | Supernus Pharmaceuticals Inc. | 17,000 | 398 | ||||||
* | Zogenix Inc. | 13,439 | 379 | ||||||
* | Endo International plc | 80,789 | 372 | ||||||
* | Editas Medicine Inc. | 15,899 | 368 | ||||||
* | Intra-Cellular Therapies Inc. | 20,694 | 366 | ||||||
* | Myriad Genetics Inc. | 23,500 | 363 | ||||||
* | Madrigal Pharmaceuticals Inc. | 4,215 | 353 | ||||||
^,* | Esperion Therapeutics Inc. | 8,700 | 345 | ||||||
^,* | OPKO Health Inc. | 154,371 | 343 | ||||||
* | Enanta Pharmaceuticals Inc. | 7,073 | 328 | ||||||
* | Varex Imaging Corp. | 11,704 | 306 | ||||||
* | Inogen Inc. | 5,700 | 285 | ||||||
* | Innoviva Inc. | 19,900 | 282 | ||||||
* | Natus Medical Inc. | 11,196 | 280 | ||||||
* | Taro Pharmaceutical Industries Ltd. | 3,800 | 263 | ||||||
* | Brookdale Senior Living Inc. | 72,091 | 260 | ||||||
* | Aimmune Therapeutics Inc. | 14,900 | 255 | ||||||
* | CRISPR Therapeutics AG | 5,129 | 252 | ||||||
* | Orthofix Medical Inc. | 6,600 | 234 | ||||||
* | Tricida Inc. | 6,893 | 209 | ||||||
* | Radius Health Inc. | 13,200 | 207 | ||||||
* | Aerie Pharmaceuticals Inc. | 13,068 | 199 | ||||||
* | Portola Pharmaceuticals Inc. | 24,700 | 175 | ||||||
* | Pennant Group Inc. | 8,600 | 170 | ||||||
* | Eagle Pharmaceuticals Inc. | 3,300 | 168 | ||||||
* | CorVel Corp. | 2,844 | 150 | ||||||
* | Tivity Health Inc. | 16,116 | 145 | ||||||
* | Atara Biotherapeutics Inc. | 17,307 | 143 | ||||||
^,* | TherapeuticsMD Inc. | 88,146 | 139 | ||||||
* | Amneal Pharmaceuticals Inc. | 31,500 | 114 | ||||||
* | Axogen Inc. | 9,960 | 97 |
123
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
^,* | Precigen Inc. | 19,800 | 71 | ||||||
1,450,944 | |||||||||
Industrials (6.6%) | |||||||||
* | PayPal Holdings Inc. | 420,777 | 51,756 | ||||||
Accenture plc Class A | 227,786 | 42,184 | |||||||
Union Pacific Corp. | 248,299 | 39,676 | |||||||
Honeywell International Inc. | 257,354 | 36,519 | |||||||
Lockheed Martin Corp. | 88,406 | 34,395 | |||||||
Raytheon Technologies Corp. | 525,122 | 34,033 | |||||||
3M Co. | 200,367 | 30,440 | |||||||
Fidelity National Information Services Inc. | 218,694 | 28,844 | |||||||
Boeing Co. | 189,788 | 26,764 | |||||||
United Parcel Service Inc. Class B | 249,781 | 23,644 | |||||||
Automatic Data Processing Inc. | 155,791 | 22,853 | |||||||
Caterpillar Inc. | 192,262 | 22,375 | |||||||
General Electric Co. | 3,094,688 | 21,044 | |||||||
* | Fiserv Inc. | 202,176 | 20,836 | ||||||
Illinois Tool Works Inc. | 114,596 | 18,622 | |||||||
Northrop Grumman Corp. | 55,709 | 18,421 | |||||||
Global Payments Inc. | 106,388 | 17,663 | |||||||
CSX Corp. | 263,425 | 17,447 | |||||||
Sherwin-Williams Co. | 29,597 | 15,875 | |||||||
Norfolk Southern Corp. | 92,422 | 15,813 | |||||||
Waste Management Inc. | 151,486 | 15,152 | |||||||
Deere & Co. | 100,935 | 14,642 | |||||||
Emerson Electric Co. | 220,951 | 12,601 | |||||||
Roper Technologies Inc. | 36,721 | 12,523 | |||||||
Eaton Corp. plc | 147,754 | 12,337 | |||||||
General Dynamics Corp. | 90,672 | 11,844 | |||||||
FedEx Corp. | 86,134 | 10,919 | |||||||
Amphenol Corp. Class A | 102,356 | 9,034 | |||||||
Verisk Analytics Inc. | 57,269 | 8,752 | |||||||
TE Connectivity Ltd. | 116,430 | 8,553 | |||||||
Cummins Inc. | 52,166 | 8,529 | |||||||
* | CoStar Group Inc. | 12,943 | 8,390 | ||||||
Agilent Technologies Inc. | 109,122 | 8,365 | |||||||
PACCAR Inc. | 120,092 | 8,314 | |||||||
* | Square Inc. | 122,192 | 7,960 | ||||||
Johnson Controls International plc | 272,601 | 7,935 | |||||||
Paychex Inc. | 114,556 | 7,849 | |||||||
Rockwell Automation Inc. | 41,117 | 7,791 | |||||||
Ball Corp. | 114,512 | 7,511 | |||||||
Trane Technologies plc | 85,244 | 7,452 | |||||||
Otis Worldwide Corp. | 145,058 | 7,385 | |||||||
Parker-Hannifin Corp. | 46,687 | 7,382 | |||||||
Fastenal Co. | 203,410 | 7,368 | |||||||
* | FleetCor Technologies Inc. | 30,153 | 7,274 | ||||||
AMETEK Inc. | 82,851 | 6,949 | |||||||
Cintas Corp. | 31,100 | 6,899 | |||||||
Fortive Corp. | 106,105 | 6,791 | |||||||
TransDigm Group Inc. | 18,395 | 6,679 | |||||||
* | Keysight Technologies Inc. | 67,998 | 6,580 | ||||||
* | Mettler-Toledo International Inc. | 8,433 | 6,071 | ||||||
Stanley Black & Decker Inc. | 54,773 | 6,036 | |||||||
Republic Services Inc. | 75,108 | 5,884 | |||||||
Vulcan Materials Co. | 47,449 | 5,360 | |||||||
TransUnion | 65,774 | 5,182 | |||||||
Carrier Global Corp. | 289,557 | 5,128 | |||||||
Old Dominion Freight Line Inc. | 34,894 | 5,070 | |||||||
Dover Corp. | 50,999 | 4,776 | |||||||
Xylem Inc. | 65,592 | 4,716 | |||||||
Broadridge Financial Solutions Inc. | 39,827 | 4,620 | |||||||
Kansas City Southern | 34,328 | 4,482 | |||||||
* | Zebra Technologies Corp. | 19,499 | 4,478 |
124
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Jack Henry & Associates Inc. | 27,336 | 4,471 | |||||||
WW Grainger Inc. | 15,921 | 4,388 | |||||||
Expeditors International of Washington Inc. | 60,564 | 4,337 | |||||||
* | Waters Corp. | 22,663 | 4,238 | ||||||
Martin Marietta Materials Inc. | 21,970 | 4,179 | |||||||
* | Teledyne Technologies Inc. | 12,742 | 4,150 | ||||||
IDEX Corp. | 26,986 | 4,146 | |||||||
Masco Corp. | 100,171 | 4,111 | |||||||
Jacobs Engineering Group Inc. | 46,473 | 3,846 | |||||||
* | Ingersoll Rand Inc. | 125,937 | 3,662 | ||||||
Westinghouse Air Brake Technologies Corp. | 64,528 | 3,641 | |||||||
Booz Allen Hamilton Holding Corp. | 49,213 | 3,614 | |||||||
* | Fair Isaac Corp. | 10,125 | 3,574 | ||||||
CH Robinson Worldwide Inc. | 49,359 | 3,500 | |||||||
Allegion plc | 33,904 | 3,409 | |||||||
* | United Rentals Inc. | 26,095 | 3,353 | ||||||
Packaging Corp. of America | 34,491 | 3,334 | |||||||
Nordson Corp. | 20,573 | 3,310 | |||||||
Avery Dennison Corp. | 29,937 | 3,305 | |||||||
Cognex Corp. | 58,256 | 3,218 | |||||||
* | Trimble Inc. | 91,194 | 3,158 | ||||||
JB Hunt Transport Services Inc. | 30,693 | 3,104 | |||||||
* | Crown Holdings Inc. | 47,842 | 3,082 | ||||||
Westrock Co. | 91,125 | 2,933 | |||||||
Huntington Ingalls Industries Inc. | 14,664 | 2,807 | |||||||
Graco Inc. | 58,387 | 2,608 | |||||||
Snap-on Inc. | 19,485 | 2,539 | |||||||
Carlisle Cos. Inc. | 20,256 | 2,450 | |||||||
Toro Co. | 38,119 | 2,432 | |||||||
AptarGroup Inc. | 22,637 | 2,424 | |||||||
Hubbell Inc. | 19,385 | 2,412 | |||||||
Lennox International Inc. | 12,663 | 2,364 | |||||||
Genpact Ltd. | 66,956 | 2,305 | |||||||
Universal Display Corp. | 15,210 | 2,283 | |||||||
Textron Inc. | 84,490 | 2,227 | |||||||
* | XPO Logistics Inc. | 33,021 | 2,204 | ||||||
HEICO Corp. Class A | 30,085 | 2,176 | |||||||
FLIR Systems Inc. | 49,548 | 2,150 | |||||||
* | WEX Inc. | 16,064 | 2,126 | ||||||
* | Generac Holdings Inc. | 21,746 | 2,119 | ||||||
Pentair plc | 60,786 | 2,103 | |||||||
* | Sensata Technologies Holding plc | 56,327 | 2,049 | ||||||
* | Arrow Electronics Inc. | 32,383 | 2,038 | ||||||
AO Smith Corp. | 48,026 | 2,035 | |||||||
* | Trex Co. Inc. | 20,870 | 1,987 | ||||||
Donaldson Co. Inc. | 44,926 | 1,969 | |||||||
Robert Half International Inc. | 41,052 | 1,941 | |||||||
* | Aecom | 52,892 | 1,918 | ||||||
Watsco Inc. | 11,761 | 1,893 | |||||||
* | Berry Global Group Inc. | 47,015 | 1,871 | ||||||
National Instruments Corp. | 48,131 | 1,849 | |||||||
Quanta Services Inc. | 50,717 | 1,844 | |||||||
Howmet Aerospace Inc. | 139,795 | 1,827 | |||||||
BWX Technologies Inc. | 34,021 | 1,805 | |||||||
* | HD Supply Holdings Inc. | 60,291 | 1,789 | ||||||
* | Flex Ltd. | 183,305 | 1,789 | ||||||
* | Mercury Systems Inc. | 19,590 | 1,747 | ||||||
* | FTI Consulting Inc. | 13,414 | 1,708 | ||||||
Sonoco Products Co. | 34,831 | 1,701 | |||||||
* | Euronet Worldwide Inc. | 18,216 | 1,672 | ||||||
* | IPG Photonics Corp. | 12,772 | 1,652 | ||||||
Oshkosh Corp. | 24,279 | 1,640 | |||||||
* | Pagseguro Digital Ltd. Class A | 63,882 | 1,618 | ||||||
Knight-Swift Transportation Holdings Inc. | 43,376 | 1,613 |
125
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
MDU Resources Group Inc. | 71,787 | 1,612 | |||||||
ITT Inc. | 30,538 | 1,610 | |||||||
Lincoln Electric Holdings Inc. | 19,900 | 1,602 | |||||||
Sealed Air Corp. | 55,759 | 1,594 | |||||||
ManpowerGroup Inc. | 21,304 | 1,582 | |||||||
Curtiss-Wright Corp. | 15,253 | 1,581 | |||||||
* | Stericycle Inc. | 31,916 | 1,558 | ||||||
Owens Corning | 35,803 | 1,552 | |||||||
MAXIMUS Inc. | 22,519 | 1,516 | |||||||
* | Axon Enterprise Inc. | 20,616 | 1,499 | ||||||
Landstar System Inc. | 14,194 | 1,466 | |||||||
Tetra Tech Inc. | 19,401 | 1,461 | |||||||
MSA Safety Inc. | 12,771 | 1,437 | |||||||
Allison Transmission Holdings Inc. | 39,280 | 1,427 | |||||||
* | Paylocity Holding Corp. | 12,392 | 1,419 | ||||||
Jabil Inc. | 49,591 | 1,410 | |||||||
Flowserve Corp. | 49,347 | 1,390 | |||||||
Graphic Packaging Holding Co. | 101,865 | 1,360 | |||||||
Armstrong World Industries Inc. | 17,456 | 1,346 | |||||||
* | AerCap Holdings NV | 47,594 | 1,338 | ||||||
Exponent Inc. | 18,274 | 1,285 | |||||||
HEICO Corp. | 14,501 | 1,270 | |||||||
EMCOR Group Inc. | 19,904 | 1,265 | |||||||
* | SiteOne Landscape Supply Inc. | 14,233 | 1,261 | ||||||
Acuity Brands Inc. | 14,233 | 1,232 | |||||||
Woodward Inc. | 20,101 | 1,217 | |||||||
AGCO Corp. | 22,656 | 1,197 | |||||||
Simpson Manufacturing Co. Inc. | 16,342 | 1,178 | |||||||
Amcor plc (XNYS) | 130,345 | 1,169 | |||||||
CoreLogic Inc. | 30,038 | 1,154 | |||||||
* | Kirby Corp. | 21,599 | 1,154 | ||||||
Littelfuse Inc. | 7,872 | 1,143 | |||||||
* | II-VI Inc. | 32,516 | 1,119 | ||||||
Xerox Holdings Corp. | 61,152 | 1,118 | |||||||
* | RBC Bearings Inc. | 8,741 | 1,107 | ||||||
Regal Beloit Corp. | 15,420 | 1,095 | |||||||
* | Aerojet Rocketdyne Holdings Inc. | 26,545 | 1,092 | ||||||
* | TopBuild Corp. | 11,462 | 1,068 | ||||||
Rexnord Corp. | 38,616 | 1,053 | |||||||
* | Coherent Inc. | 8,179 | 1,046 | ||||||
* | Novanta Inc. | 11,977 | 1,041 | ||||||
KBR Inc. | 51,155 | 1,036 | |||||||
Air Lease Corp. | 39,543 | 1,034 | |||||||
Silgan Holdings Inc. | 29,708 | 1,025 | |||||||
* | Anixter International Inc. | 10,836 | 1,006 | ||||||
Avnet Inc. | 32,593 | 978 | |||||||
Hexcel Corp. | 28,230 | 976 | |||||||
nVent Electric plc | 50,744 | 946 | |||||||
* | Clean Harbors Inc. | 17,500 | 935 | ||||||
MSC Industrial Direct Co. Inc. Class A | 15,627 | 932 | |||||||
* | Proto Labs Inc. | 9,172 | 932 | ||||||
Brink’s Co. | 18,218 | 931 | |||||||
Timken Co. | 24,568 | 923 | |||||||
Crane Co. | 16,794 | 914 | |||||||
John Bean Technologies Corp. | 11,642 | 893 | |||||||
Spirit AeroSystems Holdings Inc. Class A | 39,926 | 885 | |||||||
UniFirst Corp. | 5,217 | 877 | |||||||
Universal Forest Products Inc. | 21,331 | 877 | |||||||
Eagle Materials Inc. | 14,291 | 872 | |||||||
ABM Industries Inc. | 25,069 | 865 | |||||||
Valmont Industries Inc. | 7,300 | 856 | |||||||
* | Advanced Disposal Services Inc. | 26,094 | 842 | ||||||
EnerSys | 14,400 | 841 | |||||||
* | Fabrinet | 13,322 | 836 |
126
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Franklin Electric Co. Inc. | 16,300 | 828 | |||||||
* | Itron Inc. | 11,700 | 817 | ||||||
* | Saia Inc. | 8,822 | 816 | ||||||
* | Integer Holdings Corp. | 10,878 | 810 | ||||||
Louisiana-Pacific Corp. | 40,496 | 810 | |||||||
* | ASGN Inc. | 17,399 | 808 | ||||||
* | TriNet Group Inc. | 16,497 | 808 | ||||||
* | Colfax Corp. | 30,898 | 797 | ||||||
Watts Water Technologies Inc. Class A | 9,603 | 791 | |||||||
* | AMN Healthcare Services Inc. | 16,206 | 761 | ||||||
* | ExlService Holdings Inc. | 12,252 | 756 | ||||||
ManTech International Corp. Class A | 9,848 | 734 | |||||||
Vishay Intertechnology Inc. | 43,940 | 729 | |||||||
Applied Industrial Technologies Inc. | 13,912 | 729 | |||||||
* | Casella Waste Systems Inc. | 15,550 | 721 | ||||||
* | MasTec Inc. | 19,900 | 714 | ||||||
Macquarie Infrastructure Corp. | 25,447 | 702 | |||||||
GATX Corp. | 11,800 | 700 | |||||||
Kennametal Inc. | 27,200 | 697 | |||||||
* | Sanmina Corp. | 24,921 | 691 | ||||||
Brady Corp. Class A | 15,833 | 689 | |||||||
* | Rogers Corp. | 6,200 | 688 | ||||||
* | Builders FirstSource Inc. | 37,129 | 681 | ||||||
Trinity Industries Inc. | 35,053 | 676 | |||||||
Alliance Data Systems Corp. | 13,425 | 672 | |||||||
Advanced Drainage Systems Inc. | 16,521 | 670 | |||||||
Barnes Group Inc. | 17,126 | 657 | |||||||
AAON Inc. | 13,793 | 657 | |||||||
ESCO Technologies Inc. | 8,600 | 656 | |||||||
Otter Tail Corp. | 14,739 | 654 | |||||||
* | StoneCo Ltd. Class A | 24,387 | 643 | ||||||
Ryder System Inc. | 17,998 | 637 | |||||||
Insperity Inc. | 12,800 | 611 | |||||||
Werner Enterprises Inc. | 15,000 | 602 | |||||||
Federal Signal Corp. | 22,217 | 598 | |||||||
Albany International Corp. | 11,680 | 597 | |||||||
* | Summit Materials Inc. Class A | 39,497 | 597 | ||||||
Triton International Ltd. | 18,828 | 583 | |||||||
* | Plexus Corp. | 9,200 | 577 | ||||||
* | Ambarella Inc. | 10,841 | 570 | ||||||
Altra Industrial Motion Corp. | 20,090 | 561 | |||||||
* | Hub Group Inc. Class A | 11,626 | 559 | ||||||
* | SPX Corp. | 14,476 | 552 | ||||||
Forward Air Corp. | 10,621 | 548 | |||||||
* | Gibraltar Industries Inc. | 11,800 | 546 | ||||||
Badger Meter Inc. | 9,200 | 543 | |||||||
Moog Inc. Class A | 10,964 | 543 | |||||||
Fluor Corp. | 45,905 | 537 | |||||||
World Fuel Services Corp. | 21,383 | 535 | |||||||
EVERTEC Inc. | 20,826 | 528 | |||||||
* | SPX FLOW Inc. | 15,898 | 518 | ||||||
* | MACOM Technology Solutions Holdings Inc. | 16,828 | 516 | ||||||
Mueller Water Products Inc. Class A | 54,200 | 514 | |||||||
Korn Ferry | 17,700 | 510 | |||||||
* | Kratos Defense & Security Solutions Inc. | 33,967 | 510 | ||||||
Mueller Industries Inc. | 19,420 | 503 | |||||||
* | Masonite International Corp. | 8,500 | 502 | ||||||
* | Beacon Roofing Supply Inc. | 22,344 | 492 | ||||||
* | Navistar International Corp. | 20,202 | 480 | ||||||
* | Huron Consulting Group Inc. | 8,567 | 480 | ||||||
* | BMC Stock Holdings Inc. | 22,568 | 480 | ||||||
^,* | Cimpress plc | 6,516 | 474 | ||||||
McGrath RentCorp | 8,629 | 471 | |||||||
* | AeroVironment Inc. | 7,465 | 450 |
127
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Boise Cascade Co. | 14,100 | 441 | |||||||
O-I Glass Inc. | 52,550 | 433 | |||||||
Mobile Mini Inc. | 15,000 | 429 | |||||||
Belden Inc. | 12,500 | 427 | |||||||
* | Knowles Corp. | 26,973 | 419 | ||||||
* | Sykes Enterprises Inc. | 14,358 | 411 | ||||||
Deluxe Corp. | 14,400 | 406 | |||||||
* | CBIZ Inc. | 17,000 | 404 | ||||||
Comfort Systems USA Inc. | 12,100 | 403 | |||||||
* | TriMas Corp. | 16,700 | 398 | ||||||
Schneider National Inc. Class B | 18,099 | 397 | |||||||
* | Installed Building Products Inc. | 8,000 | 395 | ||||||
* | Verra Mobility Corp. Class A | 43,989 | 394 | ||||||
Patrick Industries Inc. | 9,545 | 393 | |||||||
* | OSI Systems Inc. | 5,400 | 391 | ||||||
Cubic Corp. | 10,100 | 386 | |||||||
Helios Technologies Inc. | 10,400 | 370 | |||||||
Methode Electronics Inc. | 12,104 | 363 | |||||||
* | WESCO International Inc. | 13,974 | 362 | ||||||
Rush Enterprises Inc. Class A | 9,500 | 356 | |||||||
Tennant Co. | 6,000 | 355 | |||||||
Lindsay Corp. | 3,923 | 353 | |||||||
* | TTM Technologies Inc. | 29,954 | 347 | ||||||
Kaman Corp. | 8,748 | 339 | |||||||
Atlas Corp. | 44,724 | 334 | |||||||
* | JELD-WEN Holding Inc. | 26,068 | 331 | ||||||
Astec Industries Inc. | 8,192 | 329 | |||||||
Enerpac Tool Group Corp. Class A | 19,200 | 328 | |||||||
EnPro Industries Inc. | 7,200 | 327 | |||||||
* | Pluralsight Inc. Class A | 19,752 | 325 | ||||||
Encore Wire Corp. | 6,900 | 316 | |||||||
Covanta Holding Corp. | 40,423 | 315 | |||||||
Terex Corp. | 20,502 | 311 | |||||||
Scorpio Tankers Inc. | 14,190 | 311 | |||||||
* | Allegheny Technologies Inc. | 40,988 | 308 | ||||||
Greif Inc. Class A | 9,000 | 305 | |||||||
* | FARO Technologies Inc. | 5,500 | 302 | ||||||
Heartland Express Inc. | 15,407 | 302 | |||||||
SFL Corp. Ltd. | 26,513 | 299 | |||||||
Raven Industries Inc. | 13,100 | 292 | |||||||
* | Dycom Industries Inc. | 8,880 | 290 | ||||||
CTS Corp. | 12,100 | 280 | |||||||
AZZ Inc. | 8,800 | 276 | |||||||
Benchmark Electronics Inc. | 13,300 | 275 | |||||||
* | Harsco Corp. | 27,200 | 271 | ||||||
Granite Construction Inc. | 16,155 | 266 | |||||||
* | Cardtronics plc Class A | 11,246 | 258 | ||||||
Kelly Services Inc. Class A | 16,553 | 256 | |||||||
US Ecology Inc. | 7,800 | 256 | |||||||
Primoris Services Corp. | 16,200 | 253 | |||||||
AAR Corp. | 12,010 | 235 | |||||||
Standex International Corp. | 4,600 | 229 | |||||||
* | Resideo Technologies Inc. | 42,188 | 216 | ||||||
Griffon Corp. | 12,834 | 211 | |||||||
H&E Equipment Services Inc. | 12,733 | 207 | |||||||
Quanex Building Products Corp. | 16,126 | 201 | |||||||
^ | ADT Inc. | 35,083 | 201 | ||||||
* | TrueBlue Inc. | 12,600 | 196 | ||||||
* | Evolent Health Inc. Class A | 27,095 | 195 | ||||||
* | Aegion Corp. | 11,900 | 191 | ||||||
* | SEACOR Holdings Inc. | 6,707 | 190 | ||||||
TTEC Holdings Inc. | 4,759 | 186 | |||||||
Apogee Enterprises Inc. | 8,600 | 176 | |||||||
Greenbrier Cos. Inc. | 9,900 | 168 |
128
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Myers Industries Inc. | 12,549 | 155 | |||||||
* | Conduent Inc. | 60,045 | 151 | ||||||
Hyster-Yale Materials Handling Inc. | 3,800 | 148 | |||||||
MTS Systems Corp. | 6,400 | 136 | |||||||
* | Manitowoc Co. Inc. | 14,350 | 132 | ||||||
Matson Inc. | 3,700 | 112 | |||||||
Triumph Group Inc. | 14,592 | 103 | |||||||
* | Tutor Perini Corp. | 12,200 | 85 | ||||||
GasLog Ltd. | 12,700 | 59 | |||||||
1,167,007 | |||||||||
Oil & Gas (1.8%) | |||||||||
Exxon Mobil Corp. | 1,519,117 | 70,593 | |||||||
Chevron Corp. | 683,202 | 62,855 | |||||||
Enbridge Inc. | 705,891 | 21,629 | |||||||
ConocoPhillips | 388,259 | 16,346 | |||||||
Phillips 66 | 158,272 | 11,581 | |||||||
Kinder Morgan Inc. | 695,711 | 10,596 | |||||||
EOG Resources Inc. | 207,644 | 9,865 | |||||||
Valero Energy Corp. | 147,769 | 9,361 | |||||||
Schlumberger Ltd. | 507,838 | 8,542 | |||||||
Williams Cos. Inc. | 437,646 | 8,477 | |||||||
Marathon Petroleum Corp. | 228,823 | 7,341 | |||||||
Pioneer Natural Resources Co. | 59,255 | 5,292 | |||||||
Occidental Petroleum Corp. | 316,718 | 5,258 | |||||||
Hess Corp. | 96,491 | 4,693 | |||||||
ONEOK Inc. | 148,953 | 4,458 | |||||||
Concho Resources Inc. | 70,522 | 4,000 | |||||||
* | Cheniere Energy Inc. | 84,393 | 3,940 | ||||||
Baker Hughes Co. | 240,899 | 3,361 | |||||||
Halliburton Co. | 319,817 | 3,358 | |||||||
Cabot Oil & Gas Corp. | 143,576 | 3,104 | |||||||
Diamondback Energy Inc. | 57,710 | 2,513 | |||||||
Devon Energy Corp. | 143,399 | 1,788 | |||||||
HollyFrontier Corp. | 53,832 | 1,779 | |||||||
Apache Corp. | 135,879 | 1,777 | |||||||
Marathon Oil Corp. | 279,216 | 1,709 | |||||||
National Oilwell Varco Inc. | 133,843 | 1,692 | |||||||
Noble Energy Inc. | 171,733 | 1,685 | |||||||
* | SolarEdge Technologies Inc. | 14,665 | 1,636 | ||||||
* | Enphase Energy Inc. | 33,821 | 1,584 | ||||||
EQT Corp. | 94,205 | 1,374 | |||||||
* | First Solar Inc. | 28,057 | 1,235 | ||||||
Targa Resources Corp. | 80,424 | 1,042 | |||||||
Parsley Energy Inc. Class A | 101,180 | 956 | |||||||
* | WPX Energy Inc. | 140,967 | 864 | ||||||
Cimarex Energy Co. | 33,702 | 857 | |||||||
Helmerich & Payne Inc. | 42,057 | 831 | |||||||
* | CNX Resources Corp. | 69,127 | 733 | ||||||
Arcosa Inc. | 18,000 | 671 | |||||||
* | Southwestern Energy Co. | 190,510 | 615 | ||||||
Delek US Holdings Inc. | 25,873 | 604 | |||||||
Murphy Oil Corp. | 49,885 | 592 | |||||||
Equitrans Midstream Corp. | 70,447 | 590 | |||||||
* | Chart Industries Inc. | 14,716 | 526 | ||||||
* | Cosan Ltd. | 36,924 | 493 | ||||||
^ | Continental Resources Inc. | 29,241 | 479 | ||||||
* | PDC Energy Inc. | 35,330 | 459 | ||||||
PBF Energy Inc. Class A | 39,302 | 448 | |||||||
^ | Ovintiv Inc. (XSTE) | 70,428 | 440 | ||||||
Antero Midstream Corp. | 90,425 | 430 | |||||||
* | Dril-Quip Inc. | 11,400 | 378 | ||||||
^ | Range Resources Corp. | 64,476 | 376 | ||||||
* | Canadian Solar Inc. | 16,800 | 300 | ||||||
* | Transocean Ltd. (XNYS) | 232,399 | 297 |
129
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Core Laboratories NV | 13,400 | 263 | |||||||
^,* | Antero Resources Corp. | 84,777 | 253 | ||||||
* | Matador Resources Co. | 34,765 | 245 | ||||||
Patterson-UTI Energy Inc. | 63,963 | 236 | |||||||
CVR Energy Inc. | 9,664 | 230 | |||||||
* | Apergy Corp. | 24,701 | 227 | ||||||
* | NOW Inc. | 36,496 | 225 | ||||||
* | Magnolia Oil & Gas Corp. Class A | 31,729 | 205 | ||||||
Archrock Inc. | 41,684 | 200 | |||||||
Kosmos Energy Ltd. | 118,878 | 196 | |||||||
* | Oceaneering International Inc. | 33,017 | 170 | ||||||
SM Energy Co. | 36,114 | 146 | |||||||
* | SunPower Corp. | 19,200 | 141 | ||||||
* | MRC Global Inc. | 26,000 | 139 | ||||||
* | Callon Petroleum Co. | 132,656 | 125 | ||||||
* | ProPetro Holding Corp. | 26,116 | 111 | ||||||
* | Helix Energy Solutions Group Inc. | 40,791 | 104 | ||||||
Ovintiv Inc. (XNYS) | 15,864 | 100 | |||||||
QEP Resources Inc. | 86,264 | 85 | |||||||
* | Frank’s International NV | 31,027 | 75 | ||||||
^,* | Oasis Petroleum Inc. | 96,808 | 68 | ||||||
* | Centennial Resource Development Inc. Class A | 56,100 | 66 | ||||||
* | Oil States International Inc. | 18,720 | 64 | ||||||
* | Denbury Resources Inc. | 180,226 | 64 | ||||||
RPC Inc. | 17,400 | 59 | |||||||
* | Whiting Petroleum Corp. | 44,643 | 56 | ||||||
* | Laredo Petroleum Inc. | 51,100 | 56 | ||||||
^,* | Chesapeake Energy Corp. | 2,382 | 42 | ||||||
Nabors Industries Ltd. | 2,147 | 32 | |||||||
^,* | Valaris plc Class A | 65,960 | 30 | ||||||
* | Transocean Ltd. (XSWX) | 8,480 | 11 | ||||||
310,427 | |||||||||
Other (0.0%)2 | |||||||||
*,§ | Alder BioPharmaceuticals CVR Exp. 12/31/2024 | 8,266 | 7 | ||||||
*,§ | Media General Inc. CVR | 21,051 | 1 | ||||||
*,§ | American International Group Inc. Warrants Exp. 01/19/2021 | 18,671 | — | ||||||
8 | |||||||||
Technology (14.4%) | |||||||||
Microsoft Corp. | 2,706,606 | 485,051 | |||||||
Apple Inc. | 1,475,470 | 433,493 | |||||||
* | Facebook Inc. Class A | 855,884 | 175,208 | ||||||
* | Alphabet Inc. Class C | 111,607 | 150,520 | ||||||
* | Alphabet Inc. Class A | 102,925 | 138,609 | ||||||
Intel Corp. | 1,531,837 | 91,880 | |||||||
Cisco Systems Inc. | 1,533,416 | 64,986 | |||||||
NVIDIA Corp. | 209,072 | 61,108 | |||||||
* | Adobe Inc. | 172,301 | 60,933 | ||||||
* | salesforce.com Inc. | 304,711 | 49,348 | ||||||
International Business Machines Corp. | 317,571 | 39,874 | |||||||
Texas Instruments Inc. | 335,069 | 38,891 | |||||||
Oracle Corp. | 718,055 | 38,035 | |||||||
Broadcom Inc. | 138,305 | 37,566 | |||||||
QUALCOMM Inc. | 408,282 | 32,120 | |||||||
Intuit Inc. | 89,076 | 24,034 | |||||||
* | ServiceNow Inc. | 66,549 | 23,395 | ||||||
* | Advanced Micro Devices Inc. | 368,239 | 19,292 | ||||||
* | Micron Technology Inc. | 394,679 | 18,901 | ||||||
* | Shopify Inc. Class A (XNYS) | 28,906 | 18,277 | ||||||
Applied Materials Inc. | 329,453 | 16,367 | |||||||
L3Harris Technologies Inc. | 78,725 | 15,249 | |||||||
* | Autodesk Inc. | 78,692 | 14,726 | ||||||
Analog Devices Inc. | 133,059 | 14,583 | |||||||
Lam Research Corp. | 51,954 | 13,263 | |||||||
Cognizant Technology Solutions Corp. Class A | 197,865 | 11,480 |
130
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
NXP Semiconductors NV | 99,999 | 9,957 | |||||||
KLA Corp. | 55,918 | 9,176 | |||||||
* | Workday Inc. | 58,307 | 8,973 | ||||||
* | Veeva Systems Inc. Class A | 46,021 | 8,781 | ||||||
Motorola Solutions Inc. | 60,864 | 8,753 | |||||||
* | Synopsys Inc. | 53,697 | 8,437 | ||||||
HP Inc. | 515,216 | 7,991 | |||||||
* | Cadence Design Systems Inc. | 97,437 | 7,905 | ||||||
* | Twitter Inc. | 270,697 | 7,764 | ||||||
* | Splunk Inc. | 55,273 | 7,758 | ||||||
Xilinx Inc. | 88,541 | 7,739 | |||||||
* | ANSYS Inc. | 29,429 | 7,705 | ||||||
* | VeriSign Inc. | 36,340 | 7,613 | ||||||
Cerner Corp. | 109,358 | 7,588 | |||||||
Microchip Technology Inc. | 85,141 | 7,469 | |||||||
* | Palo Alto Networks Inc. | 33,745 | 6,631 | ||||||
* | Atlassian Corp. plc Class A | 42,469 | 6,604 | ||||||
Marvell Technology Group Ltd. | 240,278 | 6,425 | |||||||
Skyworks Solutions Inc. | 59,784 | 6,210 | |||||||
Citrix Systems Inc. | 41,743 | 6,053 | |||||||
* | RingCentral Inc. Class A | 26,459 | 6,047 | ||||||
* | DocuSign Inc. Class A | 56,883 | 5,959 | ||||||
Corning Inc. | 269,452 | 5,931 | |||||||
* | IAC/interactivecorp | 26,293 | 5,876 | ||||||
* | Okta Inc. | 37,581 | 5,686 | ||||||
* | Akamai Technologies Inc. | 57,107 | 5,580 | ||||||
* | Fortinet Inc. | 51,747 | 5,575 | ||||||
CDW Corp. | 50,062 | 5,547 | |||||||
Maxim Integrated Products Inc. | 94,673 | 5,205 | |||||||
Western Digital Corp. | 108,195 | 4,986 | |||||||
* | Twilio Inc. | 44,337 | 4,979 | ||||||
Leidos Holdings Inc. | 48,721 | 4,814 | |||||||
Hewlett Packard Enterprise Co. | 475,153 | 4,780 | |||||||
* | Paycom Software Inc. | 18,019 | 4,703 | ||||||
* | Arista Networks Inc. | 21,308 | 4,673 | ||||||
Seagate Technology plc | 90,627 | 4,527 | |||||||
* | Tyler Technologies Inc. | 13,752 | 4,410 | ||||||
SS&C Technologies Holdings Inc. | 79,442 | 4,382 | |||||||
* | GoDaddy Inc. Class A | 62,283 | 4,324 | ||||||
* | Check Point Software Technologies Ltd. | 40,782 | 4,312 | ||||||
NortonLifeLock Inc. | 196,336 | 4,176 | |||||||
* | Qorvo Inc. | 42,117 | 4,129 | ||||||
* | EPAM Systems Inc. | 18,527 | 4,092 | ||||||
* | Coupa Software Inc. | 23,211 | 4,087 | ||||||
* | Yandex NV Class A | 105,748 | 3,995 | ||||||
Teradyne Inc. | 62,654 | 3,918 | |||||||
* | Gartner Inc. | 32,112 | 3,815 | ||||||
* | Black Knight Inc. | 51,316 | 3,621 | ||||||
* | VMware Inc. Class A | 27,036 | 3,556 | ||||||
NetApp Inc. | 81,071 | 3,549 | |||||||
* | F5 Networks Inc. | 22,871 | 3,185 | ||||||
Monolithic Power Systems Inc. | 15,644 | 3,127 | |||||||
* | Zendesk Inc. | 39,916 | 3,069 | ||||||
Amdocs Ltd. | 46,611 | 3,004 | |||||||
Entegris Inc. | 51,212 | 2,777 | |||||||
* | Guidewire Software Inc. | 30,080 | 2,732 | ||||||
* | HubSpot Inc. | 15,495 | 2,613 | ||||||
Juniper Networks Inc. | 119,515 | 2,582 | |||||||
* | PTC Inc. | 37,176 | 2,574 | ||||||
* | Aspen Technology Inc. | 25,166 | 2,573 | ||||||
* | Dell Technologies Inc. | 59,602 | 2,544 | ||||||
* | Ciena Corp. | 54,652 | 2,528 | ||||||
* | MongoDB Inc. | 15,384 | 2,494 | ||||||
* | Proofpoint Inc. | 20,358 | 2,478 |
131
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | ON Semiconductor Corp. | 145,857 | 2,340 | ||||||
* | CACI International Inc. Class A | 8,668 | 2,168 | ||||||
* | Lumentum Holdings Inc. | 26,775 | 2,166 | ||||||
* | Nuance Communications Inc. | 99,794 | 2,016 | ||||||
* | Ceridian HCM Holding Inc. | 34,014 | 2,006 | ||||||
* | Five9 Inc. | 21,215 | 1,966 | ||||||
MKS Instruments Inc. | 19,413 | 1,946 | |||||||
* | RealPage Inc. | 28,596 | 1,844 | ||||||
* | Alteryx Inc. Class A | 15,819 | 1,790 | ||||||
* | Tech Data Corp. | 12,588 | 1,770 | ||||||
DXC Technology Co. | 95,013 | 1,723 | |||||||
CDK Global Inc. | 43,139 | 1,695 | |||||||
* | Cree Inc. | 39,016 | 1,683 | ||||||
Science Applications International Corp. | 20,603 | 1,682 | |||||||
* | Smartsheet Inc. Class A | 31,584 | 1,665 | ||||||
* | Manhattan Associates Inc. | 23,029 | 1,634 | ||||||
* | Zscaler Inc. | 24,294 | 1,630 | ||||||
* | Dropbox Inc. Class A | 77,514 | 1,629 | ||||||
* | Cirrus Logic Inc. | 21,100 | 1,595 | ||||||
* | Inphi Corp. | 16,110 | 1,555 | ||||||
* | Wix.com Ltd. | 11,645 | 1,523 | ||||||
* | Silicon Laboratories Inc. | 15,599 | 1,517 | ||||||
* | Avalara Inc. | 16,676 | 1,490 | ||||||
LogMeIn Inc. | 17,001 | 1,453 | |||||||
* | CyberArk Software Ltd. | 14,439 | 1,426 | ||||||
* | Globant SA | 12,113 | 1,401 | ||||||
* | Dynatrace Inc. | 44,985 | 1,343 | ||||||
* | Elastic NV | 20,882 | 1,339 | ||||||
* | Clarivate Analytics plc | 58,266 | 1,339 | ||||||
J2 Global Inc. | 16,563 | 1,336 | |||||||
SYNNEX Corp. | 15,093 | 1,322 | |||||||
* | Nutanix Inc. | 64,384 | 1,319 | ||||||
* | Everbridge Inc. | 11,739 | 1,308 | ||||||
* | Anaplan Inc. | 31,381 | 1,282 | ||||||
* | Q2 Holdings Inc. | 15,600 | 1,244 | ||||||
Cogent Communications Holdings Inc. | 14,700 | 1,232 | |||||||
Cabot Microelectronics Corp. | 9,864 | 1,209 | |||||||
* | Qualys Inc. | 11,400 | 1,202 | ||||||
* | Pure Storage Inc. Class A | 81,476 | 1,173 | ||||||
* | ACI Worldwide Inc. | 41,160 | 1,128 | ||||||
* | Envestnet Inc. | 17,520 | 1,095 | ||||||
* | Semtech Corp. | 23,874 | 1,080 | ||||||
Pegasystems Inc. | 12,690 | 1,061 | |||||||
Brooks Automation Inc. | 26,760 | 1,030 | |||||||
Perspecta Inc. | 47,324 | 1,021 | |||||||
* | Lattice Semiconductor Corp. | 45,123 | 1,016 | ||||||
Power Integrations Inc. | 9,756 | 999 | |||||||
Wipro Ltd. ADR | 292,238 | 961 | |||||||
Blackbaud Inc. | 17,300 | 956 | |||||||
* | Blackline Inc. | 15,714 | 954 | ||||||
* | Viavi Solutions Inc. | 78,802 | 952 | ||||||
* | NCR Corp. | 46,357 | 951 | ||||||
* | Verint Systems Inc. | 22,100 | 945 | ||||||
* | Teradata Corp. | 37,836 | 930 | ||||||
* | New Relic Inc. | 17,011 | 913 | ||||||
* | Acacia Communications Inc. | 13,379 | 906 | ||||||
* | ViaSat Inc. | 20,744 | 880 | ||||||
* | Varonis Systems Inc. | 12,536 | 841 | ||||||
* | Box Inc. | 51,825 | 836 | ||||||
* | Rapid7 Inc. | 17,604 | 802 | ||||||
* | FireEye Inc. | 68,408 | 787 | ||||||
* | Premier Inc. Class A | 22,752 | 754 | ||||||
* | Synaptics Inc. | 11,500 | 752 | ||||||
* | Cloudera Inc. | 88,770 | 735 |
132
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | Advanced Energy Industries Inc. | 13,158 | 732 | ||||||
* | Diodes Inc. | 13,800 | 702 | ||||||
* | NetScout Systems Inc. | 26,238 | 695 | ||||||
* | CommScope Holding Co. Inc. | 62,671 | 690 | ||||||
Progress Software Corp. | 15,900 | 651 | |||||||
* | Bottomline Technologies (de) Inc. | 15,400 | 641 | ||||||
* | SPS Commerce Inc. | 11,482 | 637 | ||||||
* | CommVault Systems Inc. | 14,504 | 619 | ||||||
* | Cornerstone OnDemand Inc. | 18,299 | 614 | ||||||
* | Insight Enterprises Inc. | 11,300 | 614 | ||||||
InterDigital Inc. | 10,500 | 607 | |||||||
NIC Inc. | 24,776 | 600 | |||||||
* | Alarm.com Holdings Inc. | 13,246 | 593 | ||||||
Kulicke & Soffa Industries Inc. | 22,900 | 549 | |||||||
* | Sailpoint Technologies Holdings Inc. | 29,522 | 549 | ||||||
* | Pinterest Inc. Class A | 26,349 | 544 | ||||||
CSG Systems International Inc. | 11,066 | 538 | |||||||
* | EchoStar Corp. Class A | 16,414 | 518 | ||||||
* | LivePerson Inc. | 21,227 | 508 | ||||||
Ubiquiti Inc. | 2,851 | 462 | |||||||
* | Workiva Inc. | 11,598 | 445 | ||||||
* | Rambus Inc. | 35,400 | 444 | ||||||
* | SVMK Inc. | 27,086 | 425 | ||||||
* | Yext Inc. | 31,700 | 406 | ||||||
* | Allscripts Healthcare Solutions Inc. | 60,100 | 391 | ||||||
* | MicroStrategy Inc. | 3,000 | 379 | ||||||
* | MaxLinear Inc. | 22,960 | 379 | ||||||
* | Covetrus Inc. | 31,717 | 377 | ||||||
* | Perficient Inc. | 10,747 | 374 | ||||||
Xperi Corp. | 23,427 | 358 | |||||||
* | PROS Holdings Inc. | 10,383 | 357 | ||||||
* | Mimecast Ltd. | 8,700 | 356 | ||||||
* | Avaya Holdings Corp. | 34,300 | 341 | ||||||
TiVo Corp. | 46,562 | 327 | |||||||
* | Virtusa Corp. | 9,900 | 327 | ||||||
* | Tenable Holdings Inc. | 11,677 | 304 | ||||||
Micro Focus International plc ADR | 51,018 | 303 | |||||||
* | Amkor Technology Inc. | 30,000 | 296 | ||||||
* | 3D Systems Corp. | 34,900 | 296 | ||||||
^,* | Stratasys Ltd. | 15,900 | 281 | ||||||
Shutterstock Inc. | 6,900 | 262 | |||||||
* | SolarWinds Corp. | 14,854 | 252 | ||||||
* | Cerence Inc. | 11,677 | 247 | ||||||
* | Blucora Inc. | 16,400 | 231 | ||||||
* | NETGEAR Inc. | 9,595 | 230 | ||||||
* | ScanSource Inc. | 8,411 | 218 | ||||||
Pitney Bowes Inc. | 58,431 | 206 | |||||||
Ebix Inc. | 8,400 | 176 | |||||||
* | NextGen Healthcare Inc. | 16,200 | 171 | ||||||
Plantronics Inc. | 10,000 | 141 | |||||||
* | Forrester Research Inc. | 4,285 | 134 | ||||||
* | Loral Space & Communications Inc. | 5,577 | 123 | ||||||
* | Endurance International Group Holdings Inc. | 22,000 | 56 | ||||||
2,529,157 | |||||||||
Telecommunications (1.1%) | |||||||||
Verizon Communications Inc. | 1,479,382 | 84,991 | |||||||
AT&T Inc. | 2,612,438 | 79,601 | |||||||
* | T-Mobile US Inc. | 132,691 | 11,650 | ||||||
CenturyLink Inc. | 393,224 | 4,176 | |||||||
* | GCI Liberty Inc. Class A | 34,867 | 2,121 | ||||||
Shenandoah Telecommunications Co. | 18,225 | 975 | |||||||
* | Iridium Communications Inc. | 36,217 | 815 | ||||||
Telephone and Data Systems Inc. | 37,397 | 734 | |||||||
* | Vonage Holdings Corp. | 82,928 | 693 |
133
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
* | 8x8 Inc. | 34,749 | 589 | ||||||
ATN International Inc. | 4,035 | 251 | |||||||
^,* | GTT Communications Inc. | 12,950 | 147 | ||||||
* | United States Cellular Corp. | 4,600 | 146 | ||||||
^,* | Intelsat SA | 21,224 | 27 | ||||||
186,916 | |||||||||
Utilities (1.8%) | |||||||||
NextEra Energy Inc. | 174,441 | 40,317 | |||||||
Dominion Energy Inc. | 293,345 | 22,626 | |||||||
Duke Energy Corp. | 260,671 | 22,068 | |||||||
Southern Co. | 372,834 | 21,151 | |||||||
American Electric Power Co. Inc. | 176,674 | 14,683 | |||||||
Exelon Corp. | 346,180 | 12,836 | |||||||
Sempra Energy | 100,826 | 12,487 | |||||||
Xcel Energy Inc. | 187,245 | 11,901 | |||||||
WEC Energy Group Inc. | 112,442 | 10,182 | |||||||
Consolidated Edison Inc. | 119,725 | 9,434 | |||||||
Eversource Energy | 115,681 | 9,335 | |||||||
Public Service Enterprise Group Inc. | 179,731 | 9,114 | |||||||
American Water Works Co. Inc. | 64,395 | 7,836 | |||||||
FirstEnergy Corp. | 189,506 | 7,821 | |||||||
Edison International | 124,740 | 7,323 | |||||||
PPL Corp. | 275,674 | 7,008 | |||||||
DTE Energy Co. | 66,273 | 6,875 | |||||||
Entergy Corp. | 69,965 | 6,682 | |||||||
Ameren Corp. | 87,743 | 6,383 | |||||||
CMS Energy Corp. | 99,521 | 5,682 | |||||||
Evergy Inc. | 82,194 | 4,803 | |||||||
Atmos Energy Corp. | 43,860 | 4,472 | |||||||
Alliant Energy Corp. | 85,951 | 4,173 | |||||||
NiSource Inc. | 137,855 | 3,462 | |||||||
AES Corp. | 249,412 | 3,305 | |||||||
Essential Utilities Inc. | 77,282 | 3,230 | |||||||
NRG Energy Inc. | 92,282 | 3,094 | |||||||
Vistra Energy Corp. | 157,346 | 3,075 | |||||||
Pinnacle West Capital Corp. | 39,815 | 3,065 | |||||||
CenterPoint Energy Inc. | 179,273 | 3,053 | |||||||
OGE Energy Corp. | 71,893 | 2,266 | |||||||
UGI Corp. | 73,840 | 2,228 | |||||||
* | PG&E Corp. | 189,294 | 2,014 | ||||||
IDACORP Inc. | 17,563 | 1,612 | |||||||
Hawaiian Electric Industries Inc. | 38,843 | 1,533 | |||||||
ONE Gas Inc. | 19,201 | 1,531 | |||||||
Portland General Electric Co. | 30,931 | 1,447 | |||||||
Southwest Gas Holdings Inc. | 18,817 | 1,426 | |||||||
Black Hills Corp. | 22,418 | 1,389 | |||||||
Spire Inc. | 17,338 | 1,265 | |||||||
NorthWestern Corp. | 21,592 | 1,246 | |||||||
National Fuel Gas Co. | 29,764 | 1,220 | |||||||
PNM Resources Inc. | 28,780 | 1,165 | |||||||
New Jersey Resources Corp. | 32,585 | 1,101 | |||||||
American States Water Co. | 12,984 | 1,031 | |||||||
ALLETE Inc. | 17,725 | 1,020 | |||||||
Avista Corp. | 23,000 | 990 | |||||||
El Paso Electric Co. | 14,102 | 959 | |||||||
South Jersey Industries Inc. | 32,522 | 930 | |||||||
Avangrid Inc. | 20,129 | 866 | |||||||
MGE Energy Inc. | 12,033 | 778 | |||||||
California Water Service Group | 16,596 | 745 | |||||||
Ormat Technologies Inc. (XNYS) | 11,796 | 736 | |||||||
Northwest Natural Holding Co. | 10,300 | 671 | |||||||
* | Sunrun Inc. | 46,128 | 647 | ||||||
Clearway Energy Inc. | 30,396 | 609 | |||||||
SJW Group | 9,018 | 537 |
134
Vanguard® Total World Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||||
Value | |||||||||
Shares | ($000 | ) | |||||||
Atlantica Yield plc | 21,121 | 506 | |||||||
TerraForm Power Inc. Class A | 27,340 | 474 | |||||||
* | Evoqua Water Technologies Corp. | 23,800 | 382 | ||||||
Ormat Technologies Inc. (XTAE) | 2,610 | 168 | |||||||
Clearway Energy Inc. Class A | 7,906 | 148 | |||||||
321,116 | |||||||||
10,025,538 | |||||||||
Total Common Stocks (Cost $16,469,316) | 17,523,601 |
Coupon | |||||||
Temporary Cash Investments (1.2%) | |||||||
Money Market Fund (1.0%) | |||||||
3,4 | Vanguard Market Liquidity Fund | 0.522% | 1,791,311 | 179,131 | |||
Face | |||||||
Maturity | Amount | ||||||
Date | ($000 | ) | |||||
U.S. Government and Agency Obligations (0.2%) | |||||||
5 | United States Cash Management Bill | 0.100%-0.103% | 7/14/20 | 24,000 | 23,995 | ||
United States Cash Management Bill | 0.210% | 9/15/20 | 1,320 | 1,319 | |||
United States Cash Management Bill | 0.116% | 9/29/20 | 2,585 | 2,584 | |||
5 | United States Treasury Bill | 0.087% | 9/24/20 | 2,000 | 1,999 | ||
29,897 | |||||||
Total Temporary Cash Investments (Cost $209,012) | 209,028 | ||||||
Total Investments (100.7%) (Cost $16,678,328) | 17,732,629 | ||||||
Other Assets and Liabilities–Net (-0.7%)4,6 | (123,137 | ) | |||||
Net Assets (100%) | 17,609,492 |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $146,114,000. |
* | Non-income-producing security. |
§ | Security value determined using significant unobservable inputs. |
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 April 30, 2020, the aggregate value of these securities was $169,921,000, representing 1.0% of net assets. |
2 | “Other” represents securities that are not classified by the fund’s benchmark index. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $158,377,000 was received for securities on loan, of which $157,961,000 is held in Vanguard Market Liquidity Fund and $416,000 is held in cash. |
5 | Securities with a value of $12,218,000 have been segregated as initial margin for open futures contracts. |
6 | Cash of $180,000 has been segregated as collateral for open forward currency contracts. |
ADR—American Depositary Receipt.
CVR—Contingent Value Rights.
GDR—Global Depositary Receipt.
NVDR—Non-Voting Depository Receipt.
REIT—Real Estate Investment Trust.
135
© 2020 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
SNA6282 062020
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Common Stocks (98.4%) | ||||
Australia (4.4%) | ||||
CSL Ltd. | 826,583 | 164,761 | ||
Commonwealth Bank of Australia | 3,242,891 | 131,002 | ||
BHP Group Ltd. | 5,396,487 | 110,166 | ||
Westpac Banking Corp. | 6,616,139 | 68,835 | ||
National Australia Bank Ltd. (XSAX) | 5,404,008 | 59,214 | ||
Australia & New Zealand Banking Group Ltd. | 5,191,563 | 56,393 | ||
Woolworths Group Ltd. | 2,304,826 | 53,338 | ||
Wesfarmers Ltd. | 2,075,300 | 50,408 | ||
Transurban Group | 4,962,836 | 44,243 | ||
Macquarie Group Ltd. | 587,648 | 38,928 | ||
Rio Tinto Ltd. | 680,559 | 38,357 | ||
Goodman Group | 3,262,571 | 27,788 | ||
Amcor plc | 2,935,740 | 26,752 | ||
Newcrest Mining Ltd. | 1,401,070 | 25,392 | ||
Woodside Petroleum Ltd. | 1,719,310 | 24,619 | ||
Coles Group Ltd. | 2,315,942 | 23,224 | ||
Fortescue Metals Group Ltd. | 2,902,856 | 22,184 | ||
Brambles Ltd. | 2,827,756 | 20,212 | ||
Aristocrat Leisure Ltd. | 1,167,915 | 19,154 | ||
ASX Ltd. | 354,895 | 18,712 | ||
Insurance Australia Group Ltd. | 4,242,490 | 15,851 | ||
Sonic Healthcare Ltd. | 867,315 | 15,317 | ||
APA Group | 2,162,714 | 15,281 | ||
Telstra Corp. Ltd. | 7,647,776 | 15,045 | ||
Scentre Group | 9,628,032 | 14,464 | ||
QBE Insurance Group Ltd. | 2,666,185 | 14,437 | ||
Suncorp Group Ltd. | 2,308,054 | 13,721 | ||
Cochlear Ltd. | 112,556 | 13,383 | ||
AGL Energy Ltd. | 1,176,147 | 12,908 | ||
Ramsay Health Care Ltd. | 311,013 | 12,631 | ||
Dexus | 2,017,360 | 11,976 | ||
Origin Energy Ltd. | 3,241,331 | 11,658 | ||
James Hardie Industries plc | 804,554 | 11,550 | ||
South32 Ltd. | 9,100,782 | 11,446 | ||
Aurizon Holdings Ltd. | 3,463,520 | 10,522 | ||
Northern Star Resources Ltd. | 1,294,815 | 10,456 | ||
Mirvac Group | 7,150,059 | 10,390 | ||
Santos Ltd. | 3,250,129 | 10,335 | ||
GPT Group | 3,562,578 | 9,791 | ||
Medibank Pvt Ltd. | 5,035,191 | 8,821 | ||
Treasury Wine Estates Ltd. | 1,312,815 | 8,635 | ||
* | Xero Ltd. | 168,858 | 8,633 | |
Orica Ltd. | 737,929 | 8,552 | ||
Sydney Airport | 2,035,761 | 8,292 | ||
Magellan Financial Group Ltd. | 249,574 | 8,175 | ||
Lendlease Group (XSAX) | 1,025,868 | 8,172 | ||
Stockland | 4,343,959 | 8,066 | ||
* | Afterpay Ltd. | 398,430 | 7,923 | |
Caltex Australia Ltd. | 455,134 | 7,328 | ||
Tabcorp Holdings Ltd. | 3,478,287 | 7,252 | ||
SEEK Ltd. | 637,132 | 7,113 | ||
Computershare Ltd. | 880,029 | 6,924 | ||
Oil Search Ltd. | 3,336,358 | 6,548 | ||
Atlas Arteria Ltd. | 1,605,892 | 6,480 | ||
Evolution Mining Ltd. | 1,914,779 | 6,236 | ||
BlueScope Steel Ltd. | 933,773 | 6,095 | ||
* | AMP Ltd. | 6,318,683 | 5,830 | |
Vicinity Centres | 5,752,280 | 5,507 | ||
REA Group Ltd. | 92,636 | 5,301 | ||
Coca-Cola Amatil Ltd. | 937,185 | 5,218 | ||
Alumina Ltd. | 4,602,773 | 5,106 |
1
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
JB Hi-Fi Ltd. | 203,656 | 4,604 | ||
Incitec Pivot Ltd. | 2,953,313 | 4,568 | ||
Ansell Ltd. | 239,050 | 4,409 | ||
Altium Ltd. | 196,732 | 4,319 | ||
National Australia Bank Ltd. | 381,754 | 4,219 | ||
Crown Resorts Ltd. | 655,799 | 4,198 | ||
Charter Hall Group | 843,612 | 4,169 | ||
Boral Ltd. | 2,126,165 | 4,132 | ||
AusNet Services | 3,354,376 | 4,091 | ||
Domino's Pizza Enterprises Ltd. | 108,168 | 4,047 | ||
ALS Ltd. | 889,707 | 3,885 | ||
Bendigo & Adelaide Bank Ltd. | 901,913 | 3,816 | ||
Iluka Resources Ltd. | 762,332 | 3,781 | ||
Orora Ltd. | 2,248,665 | 3,737 | ||
§ | Qube Holdings Ltd. | 2,298,182 | 3,513 | |
Worley Ltd. | 583,642 | 3,383 | ||
Challenger Ltd. | 1,048,925 | 3,341 | ||
OZ Minerals Ltd. | 576,084 | 3,321 | ||
Beach Energy Ltd. | 3,276,098 | 3,193 | ||
TPG Telecom Ltd. | 662,266 | 3,160 | ||
Cleanaway Waste Management Ltd. | 2,472,931 | 2,984 | ||
Downer EDI Ltd. | 1,106,438 | 2,976 | ||
Star Entertainment Grp Ltd. | 1,488,488 | 2,918 | ||
CIMIC Group Ltd. | 181,270 | 2,885 | ||
^ | Bank of Queensland Ltd. | 838,970 | 2,829 | |
Qantas Airways Ltd. | 1,071,655 | 2,662 | ||
Metcash Ltd. | 1,646,062 | 2,655 | ||
Shopping Centres Australasia Property Group | 1,717,289 | 2,489 | ||
^ | Seven Group Holdings Ltd. | 236,031 | 2,321 | |
IDP Education Ltd. | 235,461 | 2,232 | ||
CSR Ltd. | 903,023 | 2,170 | ||
* | Vocus Group Ltd. | 1,082,877 | 2,150 | |
Washington H Soul Pattinson & Co. Ltd. | 167,033 | 2,009 | ||
* | Nufarm Ltd. | 569,502 | 1,934 | |
^ | Harvey Norman Holdings Ltd. | 1,055,772 | 1,894 | |
Whitehaven Coal Ltd. | 1,583,056 | 1,868 | ||
WiseTech Global Ltd. | 146,116 | 1,740 | ||
IOOF Holdings Ltd. | 619,274 | 1,729 | ||
Perpetual Ltd. | 78,515 | 1,526 | ||
Adelaide Brighton Ltd. | 811,033 | 1,429 | ||
Lendlease Group | 176,076 | 1,418 | ||
Sims Ltd. | 312,923 | 1,407 | ||
^ | Platinum Asset Management Ltd. | 577,585 | 1,304 | |
Flight Centre Travel Group Ltd. | 158,866 | 1,126 | ||
Domain Holdings Australia Ltd. | 408,442 | 692 | ||
1,550,284 | ||||
Austria (0.1%) | ||||
Erste Group Bank AG | 520,463 | 11,280 | ||
OMV AG | 257,646 | 8,413 | ||
Verbund AG | 121,067 | 5,482 | ||
voestalpine AG | 210,673 | 4,367 | ||
* | Andritz AG | 128,076 | 4,208 | |
Raiffeisen Bank International AG | 236,058 | 4,074 | ||
Telekom Austria AG | 249,495 | 1,755 | ||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 71,228 | 1,424 | ||
41,003 | ||||
Belgium (0.6%) | ||||
Anheuser-Busch InBev SA/NV | 1,409,419 | 65,637 | ||
KBC Group NV | 502,110 | 27,235 | ||
* | Ucb SA | 220,141 | 20,174 | |
Umicore SA | 375,430 | 16,271 | ||
Ageas | 336,130 | 12,116 | ||
* | Argenx SE | 75,783 | 11,333 | |
* | Groupe Bruxelles Lambert SA | 134,140 | 10,731 |
2
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Solvay SA Class A | 126,081 | 9,848 | ||
^ | Elia Group SA/NV | 64,109 | 7,372 | |
Sofina SA | 28,020 | 6,599 | ||
Colruyt SA | 96,860 | 5,805 | ||
Proximus SADP | 255,650 | 5,456 | ||
Ackermans & van Haaren NV | 40,338 | 5,346 | ||
Telenet Group Holding NV | 83,402 | 3,483 | ||
207,406 | ||||
Brazil (1.4%) | ||||
Itau Unibanco Holding SA ADR | 6,688,105 | 28,157 | ||
Vale SA Class B ADR | 3,270,438 | 26,981 | ||
B3 SA - Brasil Bolsa Balcao | 3,614,794 | 25,539 | ||
Vale SA | 3,020,765 | 24,920 | ||
Banco Bradesco SA ADR | 6,760,161 | 23,796 | ||
Petroleo Brasileiro SA ADR Preference Shares | 3,496,425 | 23,321 | ||
Petroleo Brasileiro SA | 4,026,787 | 13,810 | ||
Itausa - Investimentos Itau SA Preference Shares | 7,967,492 | 13,187 | ||
Magazine Luiza SA | 1,175,165 | 10,741 | ||
Itau Unibanco Holding SA Preference Shares | 2,564,482 | 10,738 | ||
* | Suzano SA | 1,463,820 | 10,609 | |
Lojas Renner SA | 1,442,246 | 10,182 | ||
Ambev SA ADR | 4,630,619 | 9,956 | ||
Weg SA | 1,339,241 | 9,836 | ||
Notre Dame Intermedica Participacoes SA | 816,913 | 8,234 | ||
Banco do Brasil SA | 1,567,866 | 8,217 | ||
Raia Drogasil SA | 413,670 | 7,971 | ||
Natura & Co. Holding SA | 1,202,912 | 7,857 | ||
Jbs SA | 1,775,869 | 7,786 | ||
Petroleo Brasileiro SA ADR | 1,099,469 | 7,597 | ||
* | Rumo SA | 2,029,142 | 7,385 | |
Petroleo Brasileiro SA Preference Shares | 2,212,939 | 7,345 | ||
Ambev SA | 3,234,540 | 6,745 | ||
Banco Bradesco SA | 2,066,868 | 6,674 | ||
Localiza Rent a Car SA | 1,036,651 | 6,518 | ||
Lojas Americanas SA Preference Shares | 1,400,081 | 6,406 | ||
BB Seguridade Participacoes SA | 1,226,668 | 5,989 | ||
Equatorial Energia SA | 1,544,630 | 5,207 | ||
Banco Bradesco SA Preference Shares | 1,445,715 | 5,091 | ||
* | B2W Cia Digital | 343,179 | 4,623 | |
Ccr SA | 2,030,679 | 4,612 | ||
Cia de Saneamento Basico do Estado de Sao Paulo | 618,317 | 4,557 | ||
Petrobras Distribuidora SA | 1,252,133 | 4,497 | ||
Klabin SA | 1,274,084 | 4,173 | ||
Ultrapar Participacoes SA | 1,527,509 | 4,073 | ||
Telefonica Brasil SA Preference Shares | 478,935 | 4,021 | ||
Hypera SA | 718,133 | 3,840 | ||
Banco Santander Brasil SA | 728,975 | 3,619 | ||
* | Centrais Eletricas Brasileiras SA | 805,795 | 3,593 | |
Banco BTG Pactual SA | 444,205 | 3,455 | ||
* | Brf SA | 955,212 | 3,406 | |
Sul America SA | 400,512 | 3,296 | ||
Cosan SA | 295,734 | 3,282 | ||
Cogna Educacao | 3,020,522 | 3,077 | ||
TIM Participacoes SA | 1,287,930 | 3,022 | ||
Totvs SA | 276,700 | 3,010 | ||
IRB Brasil Resseguros S/A | 1,500,066 | 2,819 | ||
Energisa SA | 337,324 | 2,711 | ||
* | Centrais Eletricas Brasileiras SA Preference Shares | 526,176 | 2,694 | |
1 | Hapvida Participacoes e Investimentos SA | 268,015 | 2,585 | |
BR Malls Participacoes SA | 1,383,170 | 2,554 | ||
YDUQS Participacoes SA | 447,100 | 2,495 | ||
Telefonica Brasil SA ADR | 286,339 | 2,405 | ||
Engie Brasil Energia SA | 320,610 | 2,306 | ||
^ | Gerdau SA ADR | 1,037,041 | 2,230 |
3
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Bradespar SA Preference Shares | 404,100 | 2,219 | ||
Atacadao SA | 589,612 | 2,169 | ||
Transmissora Alianca de Energia Eletrica SA | 403,144 | 2,039 | ||
Gerdau SA Preference Shares | 924,486 | 1,996 | ||
Cia Brasileira de Distribuicao | 160,430 | 1,954 | ||
Qualicorp Consultoria e Corretora de Seguros SA | 407,300 | 1,941 | ||
Multiplan Empreendimentos Imobiliarios SA | 480,917 | 1,847 | ||
CPFL Energia SA | 342,800 | 1,831 | ||
Alpargatas SA Preference Shares | 344,600 | 1,736 | ||
Cia de Saneamento do Parana | 362,200 | 1,712 | ||
EDP - Energias do Brasil SA | 544,045 | 1,701 | ||
* | Embraer SA ADR | 260,246 | 1,647 | |
Cia Energetica de Sao Paulo Preference Shares | 314,900 | 1,631 | ||
Itau Unibanco Holding SA | 389,931 | 1,578 | ||
Cia Energetica de Minas Gerais Preference Shares | 893,265 | 1,564 | ||
Cia Brasileira de Distribuicao ADR | 127,955 | 1,562 | ||
Fleury SA | 366,200 | 1,535 | ||
Cielo SA | 1,982,276 | 1,480 | ||
Porto Seguro SA | 169,012 | 1,408 | ||
Cia Paranaense de Energia ADR | 136,574 | 1,400 | ||
Lojas Americanas SA | 360,000 | 1,346 | ||
Odontoprev SA | 477,700 | 1,318 | ||
^ | Cia Energetica de Minas Gerais ADR | 733,720 | 1,262 | |
Neoenergia SA | 370,400 | 1,244 | ||
Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 347,296 | 1,241 | ||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 413,300 | 1,209 | ||
Aliansce Sonae Shopping Centers sa | 234,100 | 1,202 | ||
* | Azul SA Prior Preference Shares. | 347,326 | 1,111 | |
* | Via Varejo SA | 641,700 | 1,083 | |
Sao Martinho SA | 300,200 | 1,054 | ||
^ | Cia Siderurgica Nacional SA ADR | 615,490 | 985 | |
Cia de Locacao das Americas | 390,300 | 953 | ||
M Dias Branco SA | 160,886 | 947 | ||
Duratex SA | 487,500 | 873 | ||
Cia Siderurgica Nacional SA | 512,600 | 845 | ||
Banco do Estado do Rio Grande do Sul SA Preference Shares | 364,300 | 840 | ||
* | Eneva SA | 122,900 | 813 | |
Braskem SA Preference Shares | 202,500 | 787 | ||
* | Cosan Logistica SA | 227,700 | 643 | |
Grendene SA | 483,000 | 619 | ||
Usinas Siderurgicas de Minas Gerais SA Preference Shares | 647,500 | 572 | ||
^ | Braskem SA ADR | 71,344 | 560 | |
Cia Paranaense de Energia | 54,500 | 533 | ||
CVC Brasil Operadora e Agencia de Viagens SA | 207,000 | 525 | ||
* | Embraer SA | 313,800 | 499 | |
TIM Participacoes SA ADR | 39,321 | 457 | ||
Telefonica Brasil SA | 50,200 | 428 | ||
* | Gol Linhas Aereas Inteligentes SA Preference Shares | 172,800 | 394 | |
Guararapes Confeccoes SA | 136,600 | 320 | ||
Cia Energetica de Minas Gerais | 175,319 | 312 | ||
Cia Paranaense de Energia Preference Shares | 29,900 | 299 | ||
* | Brf SA ADR | 50,677 | 181 | |
Itausa - Investimentos Itau SA | 2,900 | 6 | ||
494,161 | ||||
Canada (5.7%) | ||||
Royal Bank of Canada | 2,643,488 | 162,622 | ||
Toronto-Dominion Bank | 3,329,395 | 139,113 | ||
* | Shopify Inc. | 182,804 | 115,935 | |
Enbridge Inc. (XTSE) | 3,593,750 | 110,114 | ||
Canadian National Railway Co. | 1,305,534 | 107,964 | ||
^ | Bank of Nova Scotia | 2,230,666 | 89,422 | |
Brookfield Asset Management Inc. Class A | 2,472,720 | 83,564 | ||
TC Energy Corp. | 1,706,603 | 78,541 |
4
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
^ | Bank of Montreal | 1,167,718 | 59,370 | |
Canadian Pacific Railway Ltd. | 251,127 | 57,076 | ||
Barrick Gold Corp. (XTSE) | 2,171,701 | 55,901 | ||
Suncor Energy Inc. | 2,823,954 | 50,354 | ||
Canadian Imperial Bank of Commerce | 812,494 | 48,144 | ||
Franco-Nevada Corp. | 339,073 | 44,861 | ||
Manulife Financial Corp. | 3,561,821 | 44,857 | ||
Alimentation Couche-Tard Inc. Class B | 1,558,824 | 43,496 | ||
Waste Connections Inc. | 479,888 | 41,288 | ||
Nutrien Ltd. | 1,047,783 | 37,419 | ||
Sun Life Financial Inc. | 1,086,943 | 37,256 | ||
Canadian Natural Resources Ltd. | 2,121,660 | 35,530 | ||
^ | Constellation Software Inc. | 36,412 | 35,015 | |
Fortis Inc. | 842,375 | 32,643 | ||
Wheaton Precious Metals Corp. | 813,935 | 30,927 | ||
* | CGI Inc. | 434,518 | 27,711 | |
Rogers Communications Inc. Class B | 643,179 | 26,939 | ||
Barrick Gold Corp. (XLON) | 1,025,962 | 26,754 | ||
Agnico Eagle Mines Ltd. | 435,059 | 25,420 | ||
Thomson Reuters Corp. | 360,129 | 25,373 | ||
Restaurant Brands International Inc. | 510,889 | 24,921 | ||
Intact Financial Corp. | 260,644 | 24,805 | ||
National Bank of Canada | 612,647 | 24,709 | ||
Pembina Pipeline Corp. | 997,907 | 22,884 | ||
BCE Inc. | 546,165 | 22,087 | ||
Magna International Inc. | 531,604 | 20,715 | ||
Metro Inc. | 435,669 | 17,925 | ||
Dollarama Inc. | 562,668 | 17,649 | ||
Power Corp. of Canada | 1,073,569 | 17,168 | ||
Loblaw Cos. Ltd. | 328,526 | 16,167 | ||
^ | Shaw Communications Inc. Class B | 822,754 | 13,423 | |
Fairfax Financial Holdings Ltd. | 49,072 | 13,306 | ||
TELUS Corp. | 735,800 | 12,026 | ||
* | Bausch Health Cos. Inc. | 628,324 | 11,353 | |
Saputo Inc. | 427,178 | 10,741 | ||
1 | Hydro One Ltd. | 579,859 | 10,515 | |
George Weston Ltd. | 130,147 | 9,232 | ||
Great-West Lifeco Inc. | 480,045 | 7,904 | ||
Teck Resources Ltd. Class B | 878,097 | 7,740 | ||
^ | Canadian Tire Corp. Ltd. Class A | 106,587 | 7,479 | |
^ | Imperial Oil Ltd. | 420,831 | 6,799 | |
Cenovus Energy Inc. | 1,847,069 | 6,701 | ||
^ | RioCan REIT | 576,247 | 6,582 | |
^ | Inter Pipeline Ltd. | 762,356 | 6,375 | |
Canadian Utilities Ltd. Class A | 217,773 | 5,313 | ||
*,^ | Canopy Growth Corp. | 328,606 | 5,241 | |
IGM Financial Inc. | 150,184 | 3,181 | ||
Husky Energy Inc. | 558,569 | 1,794 | ||
Enbridge Inc. (XNYS) | 30,400 | 933 | ||
Barrick Gold Corp. (XNYS) | 23,670 | 609 | ||
2,029,886 | ||||
Chile (0.2%) | ||||
Enel Americas SA ADR | 957,034 | 7,742 | ||
Banco de Chile | 81,491,502 | 7,184 | ||
Empresas COPEC SA | 884,035 | 5,525 | ||
Empresas CMPC SA | 2,050,727 | 4,421 | ||
Banco Santander Chile ADR | 232,422 | 3,909 | ||
Falabella SA | 1,295,548 | 3,538 | ||
^ | Sociedad Quimica y Minera de Chile SA ADR | 138,859 | 3,166 | |
Enel Americas SA | 18,776,279 | 3,081 | ||
Cencosud SA | 2,434,131 | 2,945 | ||
Banco de Credito e Inversiones SA | 78,888 | 2,929 | ||
Enel Chile SA | 29,430,469 | 2,397 | ||
Cia Cervecerias Unidas SA | 265,975 | 1,911 |
5
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Parque Arauco SA | 1,097,831 | 1,842 | ||
Colbun SA | 12,385,581 | 1,817 | ||
Aguas Andinas SA Class A | 4,926,765 | 1,652 | ||
Enel Chile SA ADR | 380,187 | 1,524 | ||
* | Cencosud Shopping SA | 854,973 | 1,516 | |
* | Empresa Nacional de Telecomunicaciones SA | 247,591 | 1,498 | |
Latam Airlines Group SA | 374,965 | 1,417 | ||
* | Banco Santander Chile | 25,843,539 | 1,110 | |
Engie Energia Chile SA | 869,081 | 1,072 | ||
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 40,117 | 954 | ||
Itau CorpBanca Chile SA | 308,343,287 | 873 | ||
Embotelladora Andina SA Preference Shares | 341,518 | 816 | ||
Plaza SA | 511,407 | 736 | ||
AES Gener SA | 4,708,715 | 694 | ||
66,269 | ||||
China (10.3%) | ||||
* | Alibaba Group Holding Ltd. ADR | 3,214,503 | 651,483 | |
Tencent Holdings Ltd. | 10,406,601 | 547,069 | ||
China Construction Bank Corp. Class H | 166,116,544 | 133,336 | ||
Industrial & Commercial Bank of China Ltd. Class H | 145,515,640 | 97,570 | ||
Ping An Insurance Group Co. of China Ltd. | 9,371,189 | 95,364 | ||
* | Meituan Dianping Class B | 6,239,613 | 83,543 | |
China Mobile Ltd. | 9,652,067 | 77,594 | ||
* | JD.com Inc. ADR | 1,455,056 | 62,713 | |
Bank of China Ltd. Class H | 142,618,788 | 54,295 | ||
* | Baidu Inc. ADR | 506,204 | 51,091 | |
NetEase Inc. ADR | 130,517 | 45,023 | ||
China Merchants Bank Co. Ltd. Class H | 7,172,320 | 33,942 | ||
* | TAL Education Group ADR | 621,992 | 33,706 | |
CNOOC Ltd. | 28,950,400 | 32,008 | ||
* | New Oriental Education & Technology Group Inc. ADR | 249,873 | 31,899 | |
China Life Insurance Co. Ltd. Class H | 13,964,341 | 29,782 | ||
China Overseas Land & Investment Ltd. | 7,035,820 | 25,990 | ||
*,1 | Xiaomi Corp. Class B | 19,558,754 | 25,653 | |
Agricultural Bank of China Ltd. Class H | 58,403,233 | 24,295 | ||
China Petroleum & Chemical Corp. Class H | 48,321,284 | 24,084 | ||
*,1 | Wuxi Biologics Cayman Inc. | 1,432,093 | 22,293 | |
ZTO Express Cayman Inc. ADR | 711,467 | 21,173 | ||
* | Trip.com Group Ltd. ADR | 810,902 | 20,889 | |
China Resources Land Ltd. | 5,000,214 | 20,662 | ||
Sunac China Holdings Ltd. | 4,481,064 | 20,045 | ||
Kweichow Moutai Co. Ltd. Class A | 111,700 | 19,899 | ||
*,1 | China Tower Corp. Ltd. Class H | 85,140,342 | 18,947 | |
ANTA Sports Products Ltd. | 2,179,368 | 18,560 | ||
Anhui Conch Cement Co. Ltd. Class H | 2,227,155 | 17,562 | ||
Country Garden Holdings Co. Ltd. | 13,479,756 | 17,461 | ||
China Gas Holdings Ltd. | 4,741,839 | 17,254 | ||
Sino Biopharmaceutical Ltd. | 11,692,902 | 17,044 | ||
* | Alibaba Health Information Technology Ltd. | 6,943,236 | 16,608 | |
Sunny Optical Technology Group Co. Ltd. | 1,191,319 | 16,590 | ||
Ping An Insurance Group Co. of China Ltd. Class A | 1,581,900 | 16,482 | ||
China Pacific Insurance Group Co. Ltd. Class H | 4,939,695 | 16,343 | ||
1 | Longfor Group Holdings Ltd. | 3,128,934 | 15,908 | |
CSPC Pharmaceutical Group Ltd. | 7,923,115 | 15,686 | ||
ENN Energy Holdings Ltd. | 1,384,212 | 15,603 | ||
Shenzhou International Group Holdings Ltd. | 1,316,915 | 15,199 | ||
China Conch Venture Holdings Ltd. | 3,055,869 | 14,611 | ||
Geely Automobile Holdings Ltd. | 8,995,610 | 13,993 | ||
PetroChina Co. Ltd. Class H | 38,189,234 | 13,717 | ||
China Resources Beer Holdings Co. Ltd. | 2,895,860 | 13,639 | ||
* | Vipshop Holdings Ltd. | 783,469 | 12,481 | |
PICC Property & Casualty Co. Ltd. Class H | 12,432,594 | 11,897 | ||
China Shenhua Energy Co. Ltd. Class H | 6,702,388 | 11,874 | ||
Hengan International Group Co. Ltd. | 1,318,808 | 11,728 |
6
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Guangdong Investment Ltd. | 5,411,851 | 11,248 | ||
Country Garden Services Holdings Co. Ltd. | 2,281,293 | 10,540 | ||
Shimao Property Holdings Ltd. | 2,568,628 | 10,441 | ||
*,1 | Innovent Biologics Inc. | 2,090,679 | 10,296 | |
Li Ning Co. Ltd. | 3,232,617 | 10,207 | ||
1 | Postal Savings Bank of China Co. Ltd. Class H | 17,061,000 | 10,195 | |
China Vanke Co. Ltd. Class H | 3,023,398 | 10,161 | ||
China Minsheng Banking Corp. Ltd. Class H | 13,304,233 | 9,910 | ||
CITIC Ltd. | 9,134,275 | 9,487 | ||
* | Pinduoduo Inc. ADR | 199,542 | 9,466 | |
Bank of Communications Co. Ltd. Class H | 14,832,925 | 9,400 | ||
* | 58.com Inc. ADR | 178,856 | 9,292 | |
*,1 | Ping An Healthcare and Technology Co. Ltd. | 647,400 | 8,919 | |
China Telecom Corp. Ltd. Class H | 25,501,541 | 8,808 | ||
China National Building Material Co. Ltd. Class H | 6,962,272 | 8,697 | ||
CITIC Securities Co. Ltd. Class H | 4,422,990 | 8,472 | ||
Autohome Inc. ADR | 102,789 | 8,444 | ||
China Resources Gas Group Ltd. | 1,460,547 | 8,209 | ||
China CITIC Bank Corp. Ltd. Class H | 16,561,362 | 8,091 | ||
^ | BYD Co. Ltd. Class H | 1,281,855 | 7,972 | |
China Merchants Bank Co. Ltd. Class A | 1,581,500 | 7,789 | ||
China Jinmao Holdings Group Ltd. | 10,540,005 | 7,421 | ||
China Unicom Hong Kong Ltd. | 10,906,713 | 7,054 | ||
^ | China Evergrande Group | 3,938,377 | 7,001 | |
*,^ | iQIYI Inc. ADR | 400,994 | 6,805 | |
Yihai International Holding Ltd. | 852,000 | 6,789 | ||
Huazhu Group Ltd. ADR | 186,641 | 6,721 | ||
Sinopharm Group Co. Ltd. Class H | 2,449,003 | 6,603 | ||
*,1 | Hansoh Pharmaceutical Group Co. Ltd. | 1,710,000 | 6,603 | |
Wuliangye Yibin Co. Ltd. Class A | 338,800 | 6,446 | ||
Weichai Power Co. Ltd. Class H | 3,597,438 | 6,321 | ||
Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 4,130,328 | 6,275 | ||
Haier Electronics Group Co. Ltd. | 2,217,646 | 6,108 | ||
New China Life Insurance Co. Ltd. Class H | 1,744,238 | 6,043 | ||
China Communications Construction Co. Ltd. Class H | 8,759,026 | 5,887 | ||
* | JOYY Inc. ADR | 96,391 | 5,876 | |
Haitong Securities Co. Ltd. Class H | 6,360,593 | 5,758 | ||
Kingdee International Software Group Co. Ltd. | 3,995,000 | 5,714 | ||
* | GDS Holdings Ltd. ADR | 96,493 | 5,531 | |
China Resources Cement Holdings Ltd. | 4,001,334 | 5,445 | ||
1 | Huatai Securities Co. Ltd. Class H | 3,265,775 | 5,416 | |
* | Kingsoft Corp. Ltd. | 1,558,944 | 5,354 | |
*,1 | CGN Power Co. Ltd. Class H | 21,258,267 | 5,347 | |
Guangzhou Automobile Group Co. Ltd. Class H | 5,877,847 | 5,274 | ||
Fosun International Ltd. | 4,113,135 | 5,164 | ||
Agricultural Bank of China Ltd. Class A | 10,437,800 | 5,102 | ||
WuXi AppTec Co. Ltd. Class A | 351,660 | 4,972 | ||
* | Jiangsu Hengrui Medicine Co. Ltd. Class A | 380,244 | 4,945 | |
1 | People's Insurance Co. Group of China Ltd. Class H | 14,751,161 | 4,828 | |
CIFI Holdings Group Co. Ltd. | 6,110,000 | 4,668 | ||
*,^ | NIO Inc. ADR | 1,360,354 | 4,639 | |
Brilliance China Automotive Holdings Ltd. | 4,994,396 | 4,621 | ||
China Taiping Insurance Holdings Co. Ltd. | 2,724,564 | 4,594 | ||
* | China Biologic Products Holdings Inc. | 44,034 | 4,590 | |
Tsingtao Brewery Co. Ltd. Class H | 736,108 | 4,472 | ||
Zhongsheng Group Holdings Ltd. | 1,108,048 | 4,447 | ||
Momo Inc. ADR | 183,720 | 4,424 | ||
China Railway Group Ltd. Class H | 7,342,352 | 4,390 | ||
Zijin Mining Group Co. Ltd. Class H | 10,727,955 | 4,380 | ||
China Construction Bank Corp. Class A | 4,774,600 | 4,333 | ||
Industrial Bank Co. Ltd. Class A | 1,795,800 | 4,195 | ||
China Resources Power Holdings Co. Ltd. | 3,538,409 | 4,191 | ||
CRRC Corp. Ltd. Class H | 7,893,053 | 4,178 | ||
China Railway Construction Corp. Ltd. Class H | 3,802,745 | 4,175 |
7
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | ZTE Corp. Class H | 1,421,188 | 4,006 | |
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 1,056,246 | 3,990 | ||
Great Wall Motor Co. Ltd. Class H | 5,902,303 | 3,946 | ||
Gree Electric Appliances Inc. of Zhuhai Class A | 513,200 | 3,926 | ||
Beijing Enterprises Water Group Ltd. | 10,098,280 | 3,919 | ||
China Everbright International Ltd. | 6,585,362 | 3,808 | ||
Shanghai Pudong Development Bank Co. Ltd. Class A | 2,507,500 | 3,754 | ||
* | SINA Corp. | 109,680 | 3,704 | |
Hangzhou Hikvision Digital Technology Co. Ltd. Class A | 793,100 | 3,561 | ||
Kunlun Energy Co. Ltd. | 5,395,523 | 3,515 | ||
*,^ | Weibo Corp. ADR | 93,390 | 3,505 | |
1 | China Galaxy Securities Co. Ltd. Class H | 6,841,777 | 3,474 | |
Seazen Group Ltd. | 3,507,888 | 3,409 | ||
Dongfeng Motor Group Co. Ltd. Class H | 5,090,627 | 3,376 | ||
KWG Group Holdings Ltd. | 2,279,409 | 3,372 | ||
Beijing Enterprises Holdings Ltd. | 945,481 | 3,349 | ||
Luxshare Precision Industry Co. Ltd. Class A | 500,489 | 3,300 | ||
Muyuan Foodstuff Co. Ltd. Class A | 181,797 | 3,254 | ||
1 | A-Living Services Co. Ltd. Class H | 584,250 | 3,230 | |
China Cinda Asset Management Co. Ltd. Class H | 16,585,693 | 3,215 | ||
Ping An Bank Co. Ltd. Class A | 1,644,300 | 3,208 | ||
* | Alibaba Pictures Group Ltd. | 23,938,648 | 3,206 | |
Huaneng Power International Inc. Class H | 8,521,982 | 3,204 | ||
BYD Electronic International Co. Ltd. | 1,391,000 | 3,203 | ||
Far East Horizon Ltd. | 3,881,070 | 3,142 | ||
China Communications Services Corp. Ltd. Class H | 4,385,612 | 3,126 | ||
China Merchants Port Holdings Co. Ltd. | 2,422,031 | 3,117 | ||
Kingboard Holdings Ltd. | 1,269,048 | 3,096 | ||
GF Securities Co. Ltd. Class H | 2,847,826 | 3,090 | ||
Shenzhen International Holdings Ltd. | 1,597,089 | 3,087 | ||
China Yangtze Power Co. Ltd. Class A | 1,243,079 | 3,062 | ||
China Longyuan Power Group Corp. Ltd. Class H | 6,120,785 | 3,059 | ||
Industrial & Commercial Bank of China Ltd. Class A | 4,134,600 | 3,018 | ||
1 | China International Capital Corp. Ltd. Class H | 1,947,926 | 2,991 | |
TravelSky Technology Ltd. Class H | 1,691,703 | 2,987 | ||
*,^ | GSX Techedu Inc. ADR | 75,317 | 2,980 | |
Logan Property Holdings Co. Ltd. | 1,856,000 | 2,926 | ||
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 1,648,877 | 2,902 | ||
Agile Group Holdings Ltd. | 2,577,637 | 2,899 | ||
China Everbright Bank Co. Ltd. Class H | 6,781,872 | 2,878 | ||
1 | Guotai Junan Securities Co. Ltd. Class H | 2,021,000 | 2,877 | |
* | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 79,590 | 2,852 | |
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 927,909 | 2,839 | ||
Yanzhou Coal Mining Co. Ltd. Class H | 3,700,246 | 2,811 | ||
^,1 | Haidilao International Holding Ltd. | 643,000 | 2,787 | |
Jiangsu Expressway Co. Ltd. Class H | 2,332,544 | 2,784 | ||
Nine Dragons Paper Holdings Ltd. | 2,866,292 | 2,742 | ||
Shandong Gold Mining Co. Ltd. Class A | 534,136 | 2,718 | ||
China Vanke Co. Ltd. Class A | 718,000 | 2,694 | ||
* | Genscript Biotech Corp. | 1,506,000 | 2,686 | |
* | 51job Inc. ADR | 44,114 | 2,644 | |
China State Construction Engineering Corp. Ltd. Class A | 3,589,000 | 2,638 | ||
Yangzijiang Shipbuilding Holdings Ltd. | 3,797,645 | 2,633 | ||
China Medical System Holdings Ltd. | 2,226,715 | 2,621 | ||
China Oilfield Services Ltd. Class H | 3,308,300 | 2,577 | ||
China Aoyuan Group Ltd. | 2,176,000 | 2,557 | ||
*,1 | Tongcheng-Elong Holdings Ltd. | 1,505,200 | 2,538 | |
Guangzhou R&F Properties Co. Ltd. Class H | 1,994,733 | 2,533 | ||
* | Bilibili Inc. ADR | 92,153 | 2,524 | |
China State Construction International Holdings Ltd. | 3,236,567 | 2,509 | ||
Sinotruk Hong Kong Ltd. | 1,213,699 | 2,461 | ||
Air China Ltd. Class H | 3,448,115 | 2,459 | ||
Anhui Conch Cement Co. Ltd. Class A | 287,800 | 2,413 | ||
China Lesso Group Holdings Ltd. | 1,668,000 | 2,390 |
8
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
1 | Dali Foods Group Co. Ltd. | 3,821,197 | 2,361 | |
*,^ | GOME Retail Holdings Ltd. | 20,153,203 | 2,340 | |
* | Tencent Music Entertainment Group ADR | 202,630 | 2,312 | |
Poly Developments and Holdings Group Co. Ltd. Class A | 1,011,995 | 2,297 | ||
China Everbright Ltd. | 1,500,465 | 2,294 | ||
China International Travel Service Corp. Ltd. Class A | 178,090 | 2,283 | ||
China Hongqiao Group Ltd. | 4,625,000 | 2,280 | ||
1 | Fuyao Glass Industry Group Co. Ltd. Class H | 1,036,710 | 2,262 | |
*,1 | 3SBio Inc. | 2,213,575 | 2,244 | |
China Molybdenum Co. Ltd. Class H | 7,319,571 | 2,208 | ||
SAIC Motor Corp. Ltd. Class A | 828,221 | 2,193 | ||
Times China Holdings Ltd. | 1,301,000 | 2,182 | ||
Beijing Capital International Airport Co. Ltd. Class H | 3,250,557 | 2,178 | ||
1 | China Huarong Asset Management Co. Ltd. Class H | 19,394,874 | 2,162 | |
Yuexiu Property Co. Ltd. | 11,342,772 | 2,157 | ||
*,^,1 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 620,223 | 2,151 | |
CITIC Securities Co. Ltd. Class A | 648,021 | 2,144 | ||
*,^,1 | Jinxin Fertility Group Ltd. | 1,678,000 | 2,116 | |
Zhaojin Mining Industry Co. Ltd. Class H | 1,855,048 | 2,084 | ||
Jiangxi Copper Co. Ltd. Class H | 2,134,248 | 2,076 | ||
Anhui Gujing Distillery Co. Ltd. Class B | 242,939 | 2,049 | ||
* | Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 493,300 | 2,023 | |
Shenzhen Investment Ltd. | 6,054,281 | 1,988 | ||
Sinopec Shanghai Petrochemical Co. Ltd. Class H | 7,310,331 | 1,985 | ||
Bank of China Ltd. Class A | 4,009,523 | 1,971 | ||
Sany Heavy Industry Co. Ltd. Class A | 706,900 | 1,941 | ||
1 | China Resources Pharmaceutical Group Ltd. | 3,075,000 | 1,931 | |
Zhejiang Expressway Co. Ltd. Class H | 2,551,267 | 1,930 | ||
China Traditional Chinese Medicine Holdings Co. Ltd. | 4,353,794 | 1,911 | ||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 2,253,034 | 1,859 | ||
* | Chongqing Rural Commercial Bank Co. Ltd. Class H | 4,221,070 | 1,841 | |
1 | China Merchants Securities Co. Ltd. Class H | 1,673,600 | 1,837 | |
Aier Eye Hospital Group Co. Ltd. Class A | 292,390 | 1,812 | ||
1 | BAIC Motor Corp. Ltd. Class H | 4,120,192 | 1,803 | |
Haitian International Holdings Ltd. | 1,018,063 | 1,801 | ||
AviChina Industry & Technology Co. Ltd. Class H | 4,548,954 | 1,795 | ||
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 2,192,481 | 1,775 | ||
* | ZTE Corp. Class A | 309,696 | 1,772 | |
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A | 127,600 | 1,768 | ||
Bank of Ningbo Co. Ltd. Class A | 483,000 | 1,765 | ||
China Southern Airlines Co. Ltd. Class H | 3,523,017 | 1,762 | ||
Kingboard Laminates Holdings Ltd. | 1,804,370 | 1,746 | ||
BOE Technology Group Co. Ltd. Class B | 4,929,137 | 1,717 | ||
COSCO SHIPPING Ports Ltd. | 3,219,985 | 1,715 | ||
China Power International Development Ltd. | 8,398,691 | 1,711 | ||
Chongqing Zhifei Biological Products Co. Ltd. Class A | 153,400 | 1,703 | ||
*,1 | China Literature Ltd. | 379,000 | 1,692 | |
Lee & Man Paper Manufacturing Ltd. | 2,701,743 | 1,660 | ||
New Hope Liuhe Co. Ltd. Class A | 359,000 | 1,658 | ||
Hualan Biological Engineering Inc. Class A | 300,664 | 1,646 | ||
Shanghai Baosight Software Co. Ltd. Class B | 731,015 | 1,629 | ||
Shanghai Electric Group Co. Ltd. Class H | 5,289,316 | 1,626 | ||
Bank of Communications Co. Ltd. Class A | 2,215,800 | 1,620 | ||
SOHO China Ltd. | 3,376,494 | 1,618 | ||
China United Network Communications Ltd. Class A | 2,187,300 | 1,604 | ||
Shenzhen Kangtai Biological Products Co. Ltd. Class A | 85,564 | 1,601 | ||
Wanhua Chemical Group Co. Ltd. Class A | 252,000 | 1,587 | ||
Shanghai International Airport Co. Ltd. Class A | 159,000 | 1,577 | ||
Shenzhen Expressway Co. Ltd. Class H | 1,375,216 | 1,577 | ||
CRRC Corp. Ltd. Class A | 1,806,600 | 1,572 | ||
China Pacific Insurance Group Co. Ltd. Class A | 363,600 | 1,565 | ||
Ganfeng Lithium Co. Ltd. Class A | 238,900 | 1,533 | ||
LONGi Green Energy Technology Co. Ltd. Class A | 350,300 | 1,516 | ||
Changchun High & New Technology Industry Group Inc. Class A | 18,191 | 1,514 |
9
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Will Semiconductor Ltd. Class A | 55,596 | 1,509 | |
1 | CSC Financial Co. Ltd. Class H | 1,641,500 | 1,505 | |
* | Wingtech Technology Co. Ltd. Class A | 98,800 | 1,469 | |
China Reinsurance Group Corp. Class H | 12,502,576 | 1,465 | ||
Foshan Haitian Flavouring & Food Co. Ltd. Class A | 84,800 | 1,464 | ||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 610,096 | 1,462 | ||
1 | Luye Pharma Group Ltd. | 2,988,430 | 1,451 | |
Shanghai Industrial Holdings Ltd. | 843,587 | 1,435 | ||
COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 2,187,196 | 1,432 | ||
Yonyou Network Technology Co. Ltd. Class A | 219,894 | 1,426 | ||
East Money Information Co. Ltd. Class A | 559,400 | 1,424 | ||
* | Henan Shuanghui Investment & Development Co. Ltd. Class A | 250,000 | 1,421 | |
Greentown China Holdings Ltd. | 1,314,020 | 1,420 | ||
* | Aluminum Corp. of China Ltd. Class H | 6,699,377 | 1,410 | |
Livzon Pharmaceutical Group Inc. Class H | 315,865 | 1,408 | ||
*,1 | China Railway Signal & Communication Corp. Ltd. Class H | 2,800,068 | 1,384 | |
* | SF Holding Co. Ltd. Class A | 210,995 | 1,380 | |
Sino-Ocean Group Holding Ltd. | 5,227,754 | 1,362 | ||
Bank of Shanghai Co. Ltd. Class A | 1,175,512 | 1,355 | ||
Contemporary Amperex Technology Co. Ltd. Class A | 67,597 | 1,342 | ||
Beijing Tiantan Biological Products Corp. Ltd. Class A | 279,100 | 1,335 | ||
Shenwan Hongyuan Group Co. Ltd. Class A | 2,169,300 | 1,331 | ||
Luzhou Laojiao Co. Ltd. Class A | 119,200 | 1,322 | ||
Bosideng International Holdings Ltd. | 4,805,541 | 1,303 | ||
China Everbright Bank Co. Ltd. Class A | 2,463,326 | 1,296 | ||
Inner Mongolia Yitai Coal Co. Ltd. Class B | 2,101,854 | 1,290 | ||
Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 1,312,698 | 1,287 | ||
Hopson Development Holdings Ltd. | 1,144,475 | 1,282 | ||
*,^ | China Eastern Airlines Corp. Ltd. Class H | 3,141,145 | 1,277 | |
Huatai Securities Co. Ltd. Class A | 497,400 | 1,260 | ||
* | Alibaba Group Holding Ltd. | 49,400 | 1,254 | |
China Minsheng Banking Corp. Ltd. Class A | 1,500,300 | 1,247 | ||
Daqin Railway Co. Ltd. Class A | 1,226,100 | 1,244 | ||
Bank of Beijing Co. Ltd. Class A | 1,755,100 | 1,233 | ||
1 | Sinopec Engineering Group Co. Ltd. Class H | 2,562,381 | 1,229 | |
* | COSCO SHIPPING Holdings Co. Ltd. Class H | 4,211,660 | 1,217 | |
Huaxia Bank Co. Ltd. Class A | 1,309,098 | 1,211 | ||
Poly Property Group Co. Ltd. | 3,454,998 | 1,209 | ||
China Merchants Securities Co. Ltd. Class A | 463,998 | 1,199 | ||
Yonghui Superstores Co. Ltd. Class A | 834,997 | 1,193 | ||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 455,398 | 1,192 | ||
Walvax Biotechnology Co. Ltd. Class A | 209,900 | 1,191 | ||
BYD Co. Ltd. Class A | 139,100 | 1,163 | ||
China Petroleum & Chemical Corp. Class A | 1,845,200 | 1,162 | ||
Yunnan Baiyao Group Co. Ltd. Class A | 90,800 | 1,157 | ||
Huadian Power International Corp. Ltd. Class H | 3,278,361 | 1,140 | ||
* | Gigadevice Semiconductor Beijing Inc. Class A | 29,200 | 1,135 | |
*,1 | China East Education Holdings Ltd. | 706,000 | 1,134 | |
* | Mango Excellent Media Co. Ltd. Class A | 174,029 | 1,130 | |
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A | 74,600 | 1,122 | ||
China Coal Energy Co. Ltd. Class H | 4,190,638 | 1,121 | ||
Haier Smart Home Co. Ltd. Class A | 516,596 | 1,115 | ||
China Shipbuilding Industry Co. Ltd. Class A | 1,895,200 | 1,112 | ||
China Life Insurance Co. Ltd. Class A | 276,300 | 1,105 | ||
Sanan Optoelectronics Co. Ltd. Class A | 361,200 | 1,103 | ||
NARI Technology Co. Ltd. Class A | 389,900 | 1,100 | ||
BBMG Corp. Class H | 4,289,760 | 1,085 | ||
1 | Qingdao Port International Co. Ltd. Class H | 2,015,000 | 1,084 | |
* | Citic Pacific Special Steel Group Co. Ltd. Class A | 477,870 | 1,081 | |
Baoshan Iron & Steel Co. Ltd. Class A | 1,574,500 | 1,079 | ||
Metallurgical Corp. of China Ltd. Class H | 6,162,562 | 1,070 | ||
1 | Legend Holdings Corp. Class H | 912,570 | 1,068 | |
Health & Happiness H&H International Holdings Ltd. | 275,376 | 1,053 | ||
Hundsun Technologies Inc. Class A | 71,460 | 1,026 |
10
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 51,397 | 1,011 | ||
Suning.com Co. Ltd. Class A | 837,900 | 993 | ||
Lao Feng Xiang Co. Ltd. Class B | 356,921 | 992 | ||
Yealink Network Technology Corp. Ltd. Class A | 77,779 | 988 | ||
Haitong Securities Co. Ltd. Class A | 540,500 | 972 | ||
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. Class A | 179,974 | 971 | ||
Shengyi Technology Co. Ltd. Class A | 211,900 | 959 | ||
NAURA Technology Group Co. Ltd. Class A | 45,200 | 952 | ||
Glodon Co. Ltd. Class A | 128,100 | 941 | ||
GoerTek Inc. Class A | 348,620 | 940 | ||
Yanlord Land Group Ltd. | 1,223,300 | 914 | ||
* | Lingyi iTech Guangdong Co. Class A | 702,500 | 909 | |
* | Eve Energy Co. Ltd. Class A | 96,200 | 902 | |
China Railway Construction Corp. Ltd. Class A | 657,000 | 900 | ||
Iflytek Co. Ltd. Class A | 192,800 | 895 | ||
Huaxin Cement Co. Ltd. Class B | 511,669 | 865 | ||
Sinotrans Ltd. Class H | 3,559,860 | 864 | ||
Zhejiang Yasha Decoration Co. Ltd. Class A | 708,000 | 862 | ||
CSG Holding Co. Ltd. Class B | 3,051,261 | 856 | ||
Seazen Holdings Co. Ltd. | 191,897 | 851 | ||
* | Inspur Electronic Information Industry Co. Ltd. Class A | 144,320 | 844 | |
Jiayuan International Group Ltd. | 2,022,000 | 843 | ||
Lepu Medical Technology Beijing Co. Ltd. Class A | 156,500 | 836 | ||
China CITIC Bank Corp. Ltd. Class A | 1,107,835 | 812 | ||
Hangzhou Tigermed Consulting Co. Ltd. Class A | 75,700 | 811 | ||
1 | Orient Securities Co. Ltd. Class H | 1,558,800 | 801 | |
Weichai Power Co. Ltd. Class A | 424,300 | 796 | ||
^ | China International Marine Containers Group Co. Ltd. Class H | 896,986 | 794 | |
Hithink RoyalFlush Information Network Co. Ltd. Class A | 47,366 | 785 | ||
Zhejiang NHU Co. Ltd. Class A | 204,300 | 783 | ||
Huadian Fuxin Energy Corp. Ltd. Class H | 4,384,005 | 779 | ||
China Fortune Land Development Co. Ltd. Class A | 231,429 | 777 | ||
Focus Media Information Technology Co. Ltd. Class A | 1,140,500 | 773 | ||
* | TCL Technology Group Corp. Class A | 1,183,800 | 767 | |
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 837,237 | 766 | ||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A | 149,400 | 758 | ||
Jinyu Bio-Technology Co. Ltd. Class A | 226,500 | 756 | ||
Gemdale Corp. Class A | 401,600 | 755 | ||
Guangdong Haid Group Co. Ltd. Class A | 123,700 | 754 | ||
Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | 244,900 | 751 | ||
Zijin Mining Group Co. Ltd. Class A | 1,367,600 | 748 | ||
Datang International Power Generation Co. Ltd. Class H | 5,128,668 | 742 | ||
Jiangxi Bank Co. Ltd. Class H | 1,653,000 | 732 | ||
Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 2,810,364 | 720 | ||
Angang Steel Co. Ltd. Class H | 2,668,198 | 719 | ||
Founder Securities Co. Ltd. Class A | 716,900 | 714 | ||
Songcheng Performance Development Co. Ltd. Class A | 169,400 | 711 | ||
Huayu Automotive Systems Co. Ltd. Class A | 249,269 | 710 | ||
Sihuan Pharmaceutical Holdings Group Ltd. | 7,128,000 | 707 | ||
* | Foxconn Industrial Internet Co. Ltd. Class A | 342,300 | 705 | |
Bank of Nanjing Co. Ltd. Class A | 646,900 | 701 | ||
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 479,715 | 698 | ||
Huaxin Cement Co. Ltd. Class A | 187,800 | 697 | ||
Chongqing Changan Automobile Co. Ltd. Class B | 1,438,751 | 697 | ||
* | Zhejiang Dahua Technology Co. Ltd. Class A | 294,600 | 695 | |
GF Securities Co. Ltd. Class A | 361,200 | 692 | ||
Jiangsu Hengli Hydraulic Co. Ltd. Class A | 69,818 | 681 | ||
AECC Aviation Power Co. Ltd. Class A | 195,600 | 680 | ||
Shaanxi Coal Industry Co. Ltd. Class A | 620,800 | 660 | ||
Guangshen Railway Co. Ltd. Class H | 3,096,327 | 655 | ||
COSCO SHIPPING Development Co. Ltd. Class H | 6,273,407 | 649 | ||
WUS Printed Circuit Kunshan Co. Ltd. Class A | 173,300 | 648 | ||
Tangshan Jidong Cement Co. Ltd. Class A | 226,000 | 638 | ||
1 | Red Star Macalline Group Corp. Ltd. Class H | 998,680 | 634 |
11
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Fiberhome Telecommunication Technologies Co. Ltd. Class A | 141,597 | 632 | ||
Yantai Changyu Pioneer Wine Co. Ltd. Class B | 358,084 | 627 | ||
Shenzhen Overseas Chinese Town Co. Ltd. Class A | 682,300 | 626 | ||
* | Topchoice Medical Corp. Class A | 36,278 | 624 | |
BOE Technology Group Co. Ltd. Class A | 1,183,800 | 621 | ||
China Zhongwang Holdings Ltd. | 2,564,676 | 616 | ||
* | Zhongji Innolight Co. Ltd. Class A | 66,898 | 606 | |
AVIC Jonhon Optronic Technology Co. Ltd. Class A | 119,799 | 603 | ||
Tianjin Zhonghuan Semiconductor Co. Ltd. Class A | 248,600 | 600 | ||
New China Life Insurance Co. Ltd. Class A | 95,200 | 599 | ||
GRG Banking Equipment Co. Ltd. Class A | 328,787 | 599 | ||
Weifu High-Technology Group Co. Ltd. Class B | 347,462 | 592 | ||
Guangdong Electric Power Development Co. Ltd. Class B | 2,142,591 | 585 | ||
Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 362,540 | 583 | ||
Dazhong Transportation Group Co. Ltd. Class B | 1,641,948 | 581 | ||
Da An Gene Co. Ltd. of Sun Yat-Sen University Class A | 182,100 | 581 | ||
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B | 529,938 | 579 | ||
Shenzhen Goodix Technology Co. Ltd. Class A | 17,466 | 577 | ||
* | Jafron Biomedical Co. Ltd. Class A | 36,800 | 575 | |
Perfect World Co. Ltd. Class A | 86,400 | 573 | ||
* | Times Neighborhood Holdings Ltd. | 673,307 | 573 | |
*,1 | Meitu Inc. | 3,149,000 | 572 | |
SDIC Power Holdings Co. Ltd. Class A | 523,200 | 568 | ||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 69,900 | 566 | ||
G-bits Network Technology Xiamen Co. Ltd. Class A | 10,600 | 565 | ||
China National Nuclear Power Co. Ltd. Class A | 921,800 | 563 | ||
DHC Software Co. Ltd. Class A | 295,600 | 562 | ||
* | China Merchants Energy Shipping Co. Ltd. Class A | 585,764 | 559 | |
Shanghai Bairun Investment Holding Group Co. Ltd. Class A | 101,300 | 558 | ||
* | Shenzhen Sunway Communication Co. Ltd. Class A | 97,200 | 557 | |
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 615,800 | 555 | ||
Unisplendour Corp. Ltd. Class A | 93,798 | 549 | ||
Winning Health Technology Group Co. Ltd. Class A | 153,500 | 548 | ||
CSC Financial Co. Ltd. Class A | 112,238 | 547 | ||
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 116,200 | 546 | ||
Shandong Chenming Paper Holdings Ltd. Class B | 1,406,450 | 543 | ||
* | Avary Holding Shenzhen Co. Ltd. Class A | 93,200 | 542 | |
Guosen Securities Co. Ltd. Class A | 361,031 | 540 | ||
Industrial Securities Co. Ltd. Class A | 635,500 | 537 | ||
* | Dawning Information Industry Co. Ltd. Class A | 79,000 | 535 | |
*,§,1 | Tianhe Chemicals Group Ltd. | 3,538,329 | 534 | |
Venustech Group Inc. Class A | 92,800 | 533 | ||
Xinhua Winshare Publishing and Media Co. Ltd. Class H | 768,000 | 529 | ||
Guotai Junan Securities Co. Ltd. Class A | 222,700 | 527 | ||
Jinke Properties Group Co. Ltd. Class A | 471,300 | 526 | ||
Unigroup Guoxin Microelectronics Co. Ltd. Class A | 61,097 | 525 | ||
Boya Bio-pharmaceutical Group Co. Ltd. Class A | 120,006 | 524 | ||
* | OFILM Group Co. Ltd. Class A | 245,300 | 520 | |
CIMC Enric Holdings Ltd. | 1,114,225 | 518 | ||
* | Tianfeng Securities Co. Ltd. Class A | 678,280 | 518 | |
Hengli Petrochemical Co. Ltd. Class A | 261,300 | 517 | ||
* | BGI Genomics Co. Ltd. | 35,091 | 516 | |
* | Asymchem Laboratories Tianjin Co. Ltd. Class A | 19,500 | 514 | |
Orient Securities Co. Ltd. Class A | 388,992 | 512 | ||
Jiangxi Zhengbang Technology Co. Ltd. Class A | 196,181 | 512 | ||
Shanghai International Port Group Co. Ltd. Class A | 870,100 | 511 | ||
Shenzhen Inovance Technology Co. Ltd. Class A | 111,200 | 511 | ||
Beijing Dabeinong Technology Group Co. Ltd. Class A | 398,000 | 508 | ||
Beijing SL Pharmaceutical Co. Ltd. Class A | 325,350 | 507 | ||
* | AVIC Shenyang Aircraft Co. Ltd. Class A | 107,400 | 506 | |
Wuhan Guide Infrared Co. Ltd. Class A | 87,600 | 505 | ||
China Shenhua Energy Co. Ltd. Class A | 224,156 | 504 | ||
Beijing New Building Materials plc Class A | 137,996 | 494 | ||
Chaozhou Three-Circle Group Co. Ltd. Class A | 169,500 | 493 |
12
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Maanshan Iron & Steel Co. Ltd. Class A | 1,328,700 | 491 | ||
China Greatwall Technology Group Co. Ltd. Class A | 296,200 | 491 | ||
Wens Foodstuffs Group Co. Ltd. | 115,400 | 491 | ||
Zhejiang Huayou Cobalt Co. Ltd. Class A | 102,300 | 489 | ||
* | China Enterprise Co. Ltd. Class A | 818,650 | 489 | |
AVIC Aircraft Co. Ltd. Class A | 197,600 | 489 | ||
* | SG Micro Corp. Class A | 11,000 | 488 | |
China South City Holdings Ltd. | 5,066,311 | 486 | ||
China Jushi Co. Ltd. Class A | 392,479 | 484 | ||
Beijing Shunxin Agriculture Co. Ltd. Class A | 62,895 | 480 | ||
Youngor Group Co. Ltd. Class A | 516,400 | 479 | ||
Shandong Chenming Paper Holdings Ltd. Class H | 1,247,811 | 478 | ||
Yunnan Energy New Material Co. Ltd. | 62,910 | 477 | ||
Chongqing Changan Automobile Co. Ltd. Class A | 348,800 | 477 | ||
Lens Technology Co. Ltd. Class A | 188,700 | 475 | ||
China BlueChemical Ltd. Class H | 3,179,895 | 475 | ||
* | Aluminum Corp. of China Ltd. Class A | 1,179,600 | 474 | |
Tongling Nonferrous Metals Group Co. Ltd. Class A | 1,721,658 | 471 | ||
China Spacesat Co. Ltd. Class A | 102,000 | 471 | ||
Beijing Jingneng Clean Energy Co. Ltd. Class H | 2,736,885 | 470 | ||
HLA Corp. Ltd. Class A | 521,260 | 470 | ||
Changjiang Securities Co. Ltd. Class A | 522,786 | 465 | ||
* | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 127,200 | 464 | |
* | Shanghai RAAS Blood Products Co. Ltd. Class A | 389,300 | 461 | |
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 425,300 | 457 | ||
Zhejiang Supor Co. Ltd. Class A | 49,176 | 456 | ||
Everbright Securities Co. Ltd. Class A | 291,300 | 455 | ||
Shenzhen Kaifa Technology Co. Ltd. Class A | 160,100 | 454 | ||
Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 397,500 | 451 | ||
* | Sealand Securities Co. Ltd. Class A | 740,740 | 449 | |
Wuxi Lead Intelligent Equipment Co. Ltd. Class A | 84,600 | 448 | ||
* | China Eastern Airlines Corp. Ltd. Class A | 728,500 | 447 | |
Zhongjin Gold Corp. Ltd. Class A | 374,000 | 443 | ||
* | NanJi E-Commerce Co. Ltd. Class A | 230,299 | 442 | |
Anhui Expressway Co. Ltd. Class H | 857,659 | 442 | ||
* | Ourpalm Co. Ltd. Class A | 558,300 | 441 | |
Hengtong Optic-electric Co. Ltd. Class A | 188,093 | 441 | ||
China National Software & Service Co. Ltd. Class A | 38,300 | 441 | ||
Tongwei Co. Ltd. Class A | 208,100 | 438 | ||
* | Beijing Kunlun Tech Co. Ltd. Class A | 151,600 | 436 | |
Hefei Meiya Optoelectronic Technology Inc. Class A | 73,700 | 436 | ||
China Machinery Engineering Corp. Class H | 1,583,516 | 434 | ||
Guangzhou Haige Communications Group Inc. Co. Class A | 255,400 | 433 | ||
GD Power Development Co. Ltd. Class A | 1,525,300 | 429 | ||
* | Pacific Securities Co. Ltd. China Class A | 938,519 | 427 | |
*,^,1 | Shenwan Hongyuan Group Co. Ltd. Class H | 1,763,200 | 426 | |
Guangdong HEC Technology Holding Co. Ltd. Class A | 448,453 | 425 | ||
Sinolink Securities Co. Ltd. Class A | 312,800 | 424 | ||
Joyoung Co. Ltd. Class A | 95,700 | 423 | ||
* | Sangfor Technologies Inc. Class A | 15,600 | 421 | |
* | COSCO SHIPPING Holdings Co. Ltd. Class A | 830,900 | 420 | |
SDIC Capital Co. Ltd. Class A | 250,700 | 419 | ||
Inner Mongolia BaoTou Steel Union Co. Ltd. Class A | 2,740,825 | 418 | ||
Sichuan Chuantou Energy Co. Ltd. Class A | 329,200 | 418 | ||
Zhejiang Longsheng Group Co. Ltd. Class A | 244,300 | 414 | ||
Shanghai Electric Group Co. Ltd. Class A | 599,800 | 410 | ||
Beijing Enlight Media Co. Ltd. Class A | 273,200 | 408 | ||
Aisino Corp. Class A | 168,700 | 406 | ||
* | Shennan Circuits Co. Ltd. Class A | 12,599 | 406 | |
Jointown Pharmaceutical Group Co. Ltd. Class A | 160,500 | 405 | ||
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class A | 90,800 | 404 | ||
Guoyuan Securities Co. Ltd. Class A | 353,600 | 404 | ||
Yango Group Co. Ltd. Class A | 410,797 | 402 | ||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A | 81,700 | 401 |
13
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Beijing Shiji Information Technology Co. Ltd. Class A | 93,153 | 400 | ||
Guangzhou Baiyun International Airport Co. Ltd. Class A | 179,746 | 400 | ||
China Foods Ltd. | 1,206,843 | 398 | ||
Hangzhou Robam Appliances Co. Ltd. Class A | 88,900 | 397 | ||
XCMG Construction Machinery Co. Ltd. Class A | 509,900 | 397 | ||
Tianma Microelectronics Co. Ltd. Class A | 199,500 | 396 | ||
Sichuan Expressway Co. Ltd. Class H | 1,539,487 | 396 | ||
Shanghai Construction Group Co. Ltd. Class A | 851,600 | 394 | ||
Anhui Gujing Distillery Co. Ltd. Class A | 20,800 | 394 | ||
Huadong Medicine Co. Ltd. Class A | 140,500 | 393 | ||
China National Accord Medicines Corp. Ltd. Class B | 143,085 | 389 | ||
China Northern Rare Earth Group High-Tech Co. Ltd. Class A | 299,700 | 383 | ||
COSCO SHIPPING Energy Transportation Co. Ltd. Class A | 320,400 | 382 | ||
Guoxuan High-Tech Co. Ltd. | 120,000 | 380 | ||
Jiangsu King's Luck Brewery JSC Ltd. Class A | 82,906 | 380 | ||
* | Hanergy Thin Film Power Group Ltd. | 14,742,000 | 376 | |
* | Hongta Securities Co. Ltd. Class A | 137,800 | 372 | |
* | China Satellite Communications Co. Ltd. Class A | 155,000 | 372 | |
* | Sinopec Oilfield Service Corp. Class H | 5,124,643 | 371 | |
Southwest Securities Co. Ltd. Class A | 586,400 | 371 | ||
Western Securities Co. Ltd. Class A | 332,894 | 371 | ||
Northeast Securities Co. Ltd. Class A | 324,100 | 369 | ||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 26,500 | 369 | ||
Shanghai M&G Stationery Inc. Class A | 50,300 | 364 | ||
Thunder Software Technology Co. Ltd. Class A | 42,000 | 363 | ||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A | 54,494 | 361 | ||
* | Wanda Film Holding Co. Ltd. Class A | 154,700 | 361 | |
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 88,200 | 360 | ||
Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 131,790 | 359 | ||
China TransInfo Technology Co. Ltd. Class A | 109,600 | 357 | ||
China National Medicines Corp. Ltd. Class A | 81,200 | 356 | ||
Beijing Tongrentang Co. Ltd. Class A | 97,899 | 355 | ||
Newland Digital Technology Co. Ltd. Class A | 153,199 | 353 | ||
Power Construction Corp. of China Ltd. Class A | 702,000 | 353 | ||
Yunda Holding Co. Ltd. Class A | 84,593 | 352 | ||
SooChow Securities Co. Ltd. Class A | 325,520 | 352 | ||
Hongfa Technology Co. Ltd. Class A | 76,800 | 351 | ||
Ninestar Corp. Class A | 83,625 | 351 | ||
Yifan Pharmaceutical Co. Ltd. Class A | 133,300 | 349 | ||
Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 307,900 | 348 | ||
Shanxi Securities Co. Ltd. Class A | 350,300 | 347 | ||
Grandjoy Holdings Group Co. Ltd. Class A | 456,788 | 347 | ||
*,^ | CAR Inc. | 1,160,492 | 338 | |
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 77,800 | 337 | ||
Shanghai Electric Power Co. Ltd. Class A | 323,400 | 337 | ||
Avic Capital Co. Ltd. Class A | 610,600 | 336 | ||
Central China Securities Co. Ltd. Class H | 2,139,000 | 336 | ||
* | Yunnan Copper Co. Ltd. Class A | 250,300 | 336 | |
Heilongjiang Agriculture Co. Ltd. Class A | 139,800 | 336 | ||
Dongfang Electric Corp. Ltd. Class H | 626,095 | 335 | ||
^,1 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 180,000 | 335 | |
Xinhu Zhongbao Co. Ltd. Class A | 761,200 | 334 | ||
Oriental Pearl Group Co. Ltd. Class A | 263,200 | 334 | ||
Fujian Sunner Development Co. Ltd. Class A | 108,400 | 331 | ||
* | Chongqing Brewery Co. Ltd. Class A | 43,100 | 331 | |
Wonders Information Co. Ltd. Class A | 108,605 | 330 | ||
Dongxing Securities Co. Ltd. Class A | 220,092 | 330 | ||
Yintai Gold Co. Ltd. Class A | 143,700 | 330 | ||
* | Luenmei Quantum Co. Ltd. Class A | 152,800 | 329 | |
Zhejiang Crystal-Optech Co. Ltd. Class A | 159,996 | 328 | ||
Yantai Jereh Oilfield Services Group Co. Ltd. Class A | 93,397 | 327 | ||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 367,921 | 324 | ||
Huaan Securities Co. Ltd. Class A | 320,200 | 324 | ||
Beijing Originwater Technology Co. Ltd. Class A | 241,500 | 323 |
14
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Sunwoda Electronic Co. Ltd. Class A | 160,000 | 321 | ||
* | Leo Group Co. Ltd. Class A | 605,100 | 320 | |
China Grand Automotive Services Group Co. Ltd. Class A | 657,097 | 319 | ||
* | Liaoning Cheng Da Co. Ltd. Class A | 128,300 | 317 | |
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 686,334 | 316 | ||
* | China Great Wall Securities Co. Ltd. Class A | 189,500 | 315 | |
Jiangsu Zhongtian Technology Co. Ltd. Class A | 200,400 | 315 | ||
China Molybdenum Co. Ltd. Class A | 645,800 | 315 | ||
Huagong Tech Co. Ltd. Class A | 107,700 | 314 | ||
* | Autobio Diagnostics Co. Ltd. Class A | 16,500 | 312 | |
China Gezhouba Group Co. Ltd. Class A | 340,404 | 311 | ||
GEM Co. Ltd. Class A | 477,498 | 310 | ||
Lomon Billions Group Co. Ltd. Class A | 132,500 | 309 | ||
Xiamen Meiya Pico Information Co. Ltd. Class A | 101,500 | 306 | ||
*,^ | HengTen Networks Group Ltd. | 32,480,941 | 305 | |
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A | 851,600 | 303 | ||
Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 173,000 | 303 | ||
Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 118,174 | 302 | ||
Financial Street Holdings Co. Ltd. Class A | 308,090 | 301 | ||
NavInfo Co. Ltd. Class A | 145,496 | 298 | ||
China World Trade Center Co. Ltd. Class A | 144,706 | 296 | ||
China National Chemical Engineering Co. Ltd. Class A | 340,100 | 294 | ||
Shanghai Shibei Hi-Tech Co. Ltd. Class B | 842,160 | 293 | ||
Haisco Pharmaceutical Group Co. Ltd. Class A | 105,000 | 293 | ||
RiseSun Real Estate Development Co. Ltd. Class A | 257,766 | 293 | ||
Hytera Communications Corp. Ltd. Class A | 316,800 | 292 | ||
Jiangxi Copper Co. Ltd. Class A | 162,900 | 292 | ||
NSFOCUS Technologies Group Co. Ltd. Class A | 97,295 | 290 | ||
Hangzhou First Applied Material Co. Ltd. Class A | 42,500 | 289 | ||
Betta Pharmaceuticals Co. Ltd. Class A | 21,800 | 287 | ||
* | Ningbo Joyson Electronic Corp. Class A | 101,300 | 285 | |
Shanghai Putailai New Energy Technology Co. Ltd. Class A | 26,500 | 285 | ||
AVICOPTER plc Class A | 45,500 | 284 | ||
STO Express Co. Ltd. Class A | 122,399 | 284 | ||
AVIC Electromechanical Systems Co. Ltd. Class A | 244,092 | 284 | ||
* | Huaibei Mining Holdings Co. Ltd. Class A | 238,000 | 284 | |
Beijing North Star Co. Ltd. Class H | 1,163,223 | 283 | ||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 151,200 | 282 | ||
Tianqi Lithium Corp. Class A | 121,860 | 280 | ||
Visual China Group Co. Ltd. Class A | 113,800 | 280 | ||
Zhejiang Weiming Environment Protection Co. Ltd. Class A | 66,322 | 279 | ||
Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A | 346,950 | 278 | ||
Shandong Hualu Hengsheng Chemical Co. Ltd. Class A | 118,496 | 277 | ||
Guangzhou Tinci Materials Technology Co. Ltd. Class A | 72,500 | 277 | ||
Zhejiang Huace Film & TV Co. Ltd. Class A | 240,100 | 276 | ||
Greattown Holdings Ltd. Class A | 241,500 | 276 | ||
Shandong Sun Paper Industry JSC Ltd. Class A | 235,300 | 276 | ||
* | Bank of Changsha Co. Ltd. Class A | 248,700 | 275 | |
Han's Laser Technology Industry Group Co. Ltd. Class A | 64,800 | 274 | ||
China CSSC Holdings Ltd. Class A | 103,000 | 271 | ||
360 Security Technology Inc. Class A | 103,999 | 271 | ||
Offshore Oil Engineering Co. Ltd. Class A | 387,100 | 270 | ||
China Southern Airlines Co. Ltd. Class A | 356,200 | 270 | ||
Zhejiang Chint Electrics Co. Ltd. Class A | 76,693 | 268 | ||
* | Wangsu Science & Technology Co. Ltd. Class A | 234,000 | 267 | |
Datang International Power Generation Co. Ltd. Class A | 882,200 | 266 | ||
* | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 944,700 | 266 | |
Xinjiang Goldwind Science & Technology Co. Ltd. Class A | 189,197 | 266 | ||
Westone Information Industry Inc. Class A | 83,898 | 265 | ||
Sichuan Languang Development Co. Ltd. Class A | 324,100 | 264 | ||
* | Yunnan Tin Co. Ltd. Class A | 221,500 | 263 | |
Beijing Orient National Communication Science & Technology Co. Ltd. Class A | 125,700 | 262 | ||
Laobaixing Pharmacy Chain JSC Class A | 24,500 | 262 | ||
Angel Yeast Co. Ltd. Class A | 49,800 | 260 |
15
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class H | 410,873 | 259 | |
Zhengzhou Yutong Bus Co. Ltd. Class A | 140,500 | 258 | ||
BBMG Corp. Class A | 569,000 | 258 | ||
Guanghui Energy Co. Ltd. Class A | 720,100 | 256 | ||
* | Fangda Carbon New Material Co. Ltd. Class A | 218,083 | 256 | |
* | Montnets Rongxin Technology Group Co. Ltd. Class A | 117,700 | 255 | |
China South Publishing & Media Group Co. Ltd. Class A | 165,400 | 255 | ||
Livzon Pharmaceutical Group Inc. Class A | 45,600 | 254 | ||
Sichuan Swellfun Co. Ltd. Class A | 39,200 | 254 | ||
Jason Furniture Hangzhou Co. Ltd. Class A | 45,300 | 254 | ||
Metallurgical Corp. of China Ltd. Class A | 701,600 | 253 | ||
Changsha Jingjia Microelectronics Co. Ltd. Class A | 32,888 | 253 | ||
Zhejiang Hailiang Co. Ltd. Class A | 193,600 | 253 | ||
Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 175,300 | 251 | ||
Yuan Longping High-tech Agriculture Co. Ltd. Class A | 109,300 | 251 | ||
BTG Hotels Group Co. Ltd. Class A | 109,100 | 250 | ||
1 | Everbright Securities Co. Ltd. Class H | 401,600 | 248 | |
Taiji Computer Corp. Ltd. Class A | 45,000 | 246 | ||
* | Hangzhou Shunwang Technology Co. Ltd. Class A | 90,500 | 246 | |
Dian Diagnostics Group Co. Ltd. Class A | 69,400 | 245 | ||
* | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 22,897 | 244 | |
Shanghai Jahwa United Co. Ltd. Class A | 53,400 | 243 | ||
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A | 136,877 | 243 | ||
Greenland Holdings Corp. Ltd. Class A | 306,000 | 243 | ||
Ningbo Zhoushan Port Co. Ltd. Class A | 518,400 | 243 | ||
Wuchan Zhongda Group Co. Ltd. Class A | 365,900 | 241 | ||
Spring Airlines Co. Ltd. Class A | 45,897 | 241 | ||
Shandong Linglong Tyre Co. Ltd. Class A | 78,900 | 240 | ||
Shenergy Co. Ltd. Class A | 321,100 | 240 | ||
Air China Ltd. Class A | 236,600 | 240 | ||
Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 58,300 | 240 | ||
* | Shandong Humon Smelting Co. Ltd. Class A | 119,200 | 238 | |
Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 386,600 | 238 | ||
Xiamen Tungsten Co. Ltd. Class A | 149,299 | 238 | ||
Zhejiang Medicine Co. Ltd. Class A | 94,700 | 237 | ||
Ningbo Tuopu Group Co. Ltd. Class A | 70,700 | 237 | ||
China Avionics Systems Co. Ltd. Class A | 120,700 | 236 | ||
Bengang Steel Plates Co. Ltd. Class B | 1,129,800 | 236 | ||
FAW CAR Co. Ltd. Class A | 167,900 | 235 | ||
* | Guangdong Golden Dragon Development Inc. Class A | 136,800 | 234 | |
Jinduicheng Molybdenum Co. Ltd. Class A | 281,500 | 234 | ||
Shanghai Haixin Group Co. Class B | 723,546 | 233 | ||
Huafa Industrial Co. Ltd. Zhuhai Class A | 246,900 | 232 | ||
Sinotrans Ltd. Class A | 502,200 | 230 | ||
Chinese Universe Publishing and Media Group Co. Ltd. Class A | 135,800 | 230 | ||
Hubei Biocause Pharmaceutical Co. Ltd. Class A | 295,732 | 229 | ||
Guangxi Guiguan Electric Power Co. Ltd. Class A | 376,900 | 229 | ||
China Railway Hi-tech Industry Co. Ltd. Class A | 166,600 | 228 | ||
Shenzhen Everwin Precision Technology Co. Ltd. Class A | 83,894 | 228 | ||
Tian Di Science & Technology Co. Ltd. Class A | 529,200 | 226 | ||
Shaanxi International Trust Co. Ltd. Class A | 446,000 | 225 | ||
Wolong Electric Group Co. Ltd. Class A | 149,200 | 224 | ||
* | DaShenLin Pharmaceutical Group Co. Ltd. Class A | 24,100 | 222 | |
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 452,300 | 222 | ||
Qingdao TGOOD Electric Co. Ltd. Class A | 82,200 | 222 | ||
* | Shenzhen MTC Co. Ltd. Class A | 349,946 | 221 | |
Zhejiang Weixing New Building Materials Co. Ltd. Class A | 128,400 | 220 | ||
Jizhong Energy Resources Co. Ltd. Class A | 516,603 | 220 | ||
* | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A | 174,300 | 219 | |
* | Suofeiya Home Collection Co. Ltd. Class A | 83,100 | 219 | |
Luolai Lifestyle Technology Co. Ltd. Class A | 170,000 | 217 | ||
Bluefocus Intelligent Communications Group Co. Ltd. Class A | 220,800 | 217 | ||
* | Siasun Robot & Automation Co. Ltd. Class A | 116,720 | 216 | |
Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A | 267,100 | 215 |
16
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Hunan Gold Corp. Ltd. Class A | 201,200 | 214 | ||
China Baoan Group Co. Ltd. Class A | 234,900 | 214 | ||
* | Shandong Xinchao Energy Corp. Ltd. Class A | 844,100 | 214 | |
Shanghai Bailian Group Co. Ltd. Class B | 304,123 | 214 | ||
* | Beijing Lanxum Technology Co. Ltd. Class A | 90,300 | 213 | |
Maccura Biotechnology Co. Ltd. Class A | 40,300 | 211 | ||
Kunwu Jiuding Investment Holdings Co. Ltd. Class A | 57,400 | 210 | ||
Tasly Pharmaceutical Group Co. Ltd. Class A | 106,896 | 210 | ||
Yang Quan Coal Industry Group Co. Ltd. Class A | 333,300 | 208 | ||
Shanxi Lanhua Sci-Tech Venture Co. Ltd. Class A | 304,100 | 208 | ||
* | Pharmaron Beijing Co. Ltd. Class A | 23,200 | 208 | |
Hubei Energy Group Co. Ltd. Class A | 395,604 | 208 | ||
COSCO SHIPPING Development Co. Ltd. Class A | 761,340 | 207 | ||
LianChuang Electronic Technology Co. Ltd. Class A | 109,700 | 206 | ||
* | Tongkun Group Co. Ltd. Class A | 124,900 | 206 | |
Shenzhen Gas Corp. Ltd. Class A | 195,200 | 206 | ||
Xiamen C & D Inc. Class A | 174,200 | 205 | ||
Suzhou Anjie Technology Co. Ltd. Class A | 77,100 | 205 | ||
Shenzhen Energy Group Co. Ltd. Class A | 264,600 | 205 | ||
Universal Scientific Industrial Shanghai Co. Ltd. Class A | 81,800 | 204 | ||
Guizhou Panjiang Refined Coal Co. Ltd. Class A | 281,400 | 203 | ||
Oppein Home Group Inc. Class A | 13,573 | 202 | ||
* | Nanjing Hanrui Cobalt Co. Ltd. Class A | 30,700 | 202 | |
*,§ | Anxin Trust Co. Ltd. Class A | 568,398 | 201 | |
Sinoma Science & Technology Co. Ltd. Class A | 114,000 | 201 | ||
Dongfang Electric Corp. Ltd. Class A | 166,084 | 200 | ||
* | Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A | 259,800 | 200 | |
Sichuan Road & Bridge Co. Ltd. Class A | 372,470 | 199 | ||
Shenzhen Huaqiang Industry Co. Ltd. Class A | 112,800 | 199 | ||
* | Shenzhen Kinwong Electronic Co. Ltd. Class A | 28,100 | 197 | |
Hangzhou Century Co. Ltd. Class A | 116,700 | 197 | ||
Suning Universal Co. Ltd. Class A | 420,023 | 197 | ||
* | Youzu Interactive Co. Ltd. Class A | 75,400 | 195 | |
CECEP Solar Energy Co. Ltd. Class A | 417,380 | 195 | ||
Shenzhen Airport Co. Ltd. Class A | 167,100 | 194 | ||
Shandong Nanshan Aluminum Co. Ltd. Class A | 656,300 | 193 | ||
* | Nanjing Securities Co. Ltd. Class A | 101,000 | 193 | |
Chengdu Xingrong Environment Co. Ltd. Class A | 281,600 | 192 | ||
Tianjin Capital Environmental Protection Group Co. Ltd. Class H | 600,838 | 192 | ||
* | Ningxia Baofeng Energy Group Co. Ltd. Class A | 158,600 | 189 | |
China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 105,000 | 188 | ||
Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A | 225,000 | 188 | ||
Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A | 149,200 | 188 | ||
* | Guangdong Marubi Biotechnology Co. Ltd. Class A | 18,300 | 187 | |
Caitong Securities Co. Ltd. Class A | 139,600 | 185 | ||
Shanghai Environment Group Co. Ltd. Class A | 102,800 | 185 | ||
Jiangsu Kanion Pharmaceutical Co. Ltd. Class A | 97,700 | 184 | ||
Shanghai Huayi Group Co. Ltd. Class B | 421,647 | 184 | ||
Gosuncn Technology Group Co. Ltd. Class A | 235,400 | 183 | ||
Beijing Capital Development Co. Ltd. Class A | 196,213 | 183 | ||
* | Lakala Payment Co. Ltd. Class A | 18,900 | 183 | |
Zhongshan Public Utilities Group Co. Ltd. Class A | 165,400 | 182 | ||
Holitech Technology Co. Ltd. Class A | 239,800 | 182 | ||
* | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A | 76,691 | 181 | |
Huaxi Securities Co. Ltd. Class A | 127,200 | 181 | ||
Beijing Capital Co. Ltd. Class A | 389,200 | 181 | ||
* | Zhejiang Satellite Petrochemical Co. Ltd. Class A | 93,200 | 181 | |
* | China Aerospace Times Electronics Co. Ltd. Class A | 196,700 | 180 | |
Anhui Zhongding Sealing Parts Co. Ltd. Class A | 167,600 | 180 | ||
Chongqing Fuling Zhacai Group Co. Ltd. Class A | 38,500 | 180 | ||
Shanghai AJ Group Co. Ltd. Class A | 161,633 | 179 | ||
TBEA Co. Ltd. Class A | 166,500 | 177 | ||
Shenzhen Infogem Technologies Co. Ltd. Class A | 90,400 | 176 | ||
Shenzhen Jinjia Group Co. Ltd. Class A | 140,500 | 176 |
17
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Pingdingshan Tianan Coal Mining Co. Ltd. Class A | 296,900 | 176 | |
Shanghai Tunnel Engineering Co. Ltd. Class A | 217,400 | 175 | ||
Zhejiang Juhua Co. Ltd. Class A | 194,349 | 175 | ||
Hesteel Co. Ltd. Class A | 603,800 | 175 | ||
China Film Co. Ltd. Class A | 93,200 | 174 | ||
* | Hangzhou Lianluo Interactive Information Technology Co. Ltd. Class A | 599,900 | 174 | |
* | Polaris Bay Group Co. Ltd. Class A | 110,500 | 173 | |
Shenzhen YUTO Packaging Technology Co. Ltd. Class A | 50,200 | 172 | ||
Hang Zhou Great Star Industrial Co. Ltd. Class A | 124,200 | 171 | ||
Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 65,200 | 170 | ||
* | Shenghe Resources Holding Co. Ltd. Class A | 175,600 | 170 | |
Shenzhen Aisidi Co. Ltd. Class A | 152,200 | 169 | ||
* | Beijing Shougang Co. Ltd. Class A | 410,800 | 168 | |
Xinyangfeng Agricultural Technology Co. Ltd. Class A | 141,900 | 168 | ||
Tunghsu Optoelectronic Technology Co. Ltd. Class A | 428,600 | 168 | ||
* | Shandong Denghai Seeds Co. Ltd. Class A | 92,300 | 167 | |
* | Shanying International Holding Co. Ltd. Class A | 391,600 | 166 | |
Anhui Anke Biotechnology Group Co. Ltd. Class A | 80,800 | 166 | ||
Sansteel Minguang Co. Ltd. Fujian Class A | 161,900 | 165 | ||
Shanghai 2345 Network Holding Group Co. Ltd. Class A | 396,470 | 165 | ||
Henan Pinggao Electric Co. Ltd. Class A | 137,000 | 163 | ||
* | Leyard Optoelectronic Co. Ltd. Class A | 209,000 | 163 | |
Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 30,100 | 162 | ||
* | Beijing Jetsen Technology Co. Ltd. Class A | 272,800 | 162 | |
Guangdong Ellington Electronics Technology Co. Ltd. Class A | 111,500 | 161 | ||
Lao Feng Xiang Co. Ltd. Class A | 27,623 | 161 | ||
Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A | 139,100 | 161 | ||
Rongsheng Petro Chemical Co. Ltd. Class A | 95,300 | 160 | ||
Sieyuan Electric Co. Ltd. Class A | 58,100 | 160 | ||
* | Hunan Valin Steel Co. Ltd. Class A | 284,100 | 159 | |
Tsingtao Brewery Co. Ltd. Class A | 21,400 | 159 | ||
Tongding Interconnection Information Co. Ltd. Class A | 208,500 | 159 | ||
Sinochem International Corp. Class A | 227,100 | 158 | ||
Global Top E-Commerce Co. Ltd. Class A | 198,700 | 157 | ||
Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 72,000 | 155 | ||
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A | 108,000 | 155 | ||
* | Rongan Property Co. Ltd. Class A | 427,200 | 155 | |
* | Easysight Supply Chain Management Co. Ltd. Class A | 87,600 | 155 | |
Digital China Information Service Co. Ltd. Class A | 72,800 | 154 | ||
Angang Steel Co. Ltd. Class A | 407,900 | 151 | ||
* | Guosheng Financial Holding Inc. Class A | 123,900 | 151 | |
Fujian Longking Co. Ltd. Class A | 119,900 | 150 | ||
* | Jiangsu Zijin Rural Commercial Bank Co. Ltd. Class A | 259,000 | 150 | |
Realcan Pharmaceutical Group Co. Ltd. Class A | 205,600 | 149 | ||
Great Wall Motor Co. Ltd. Class A | 131,300 | 149 | ||
Huadian Power International Corp. Ltd. Class A | 286,500 | 149 | ||
YTO Express Group Co. Ltd. Class A | 83,200 | 148 | ||
Shenzhen Neptunus Bioengineering Co. Ltd. Class A | 250,100 | 148 | ||
Inner Mongolia First Machinery Group Co. Ltd. Class A | 109,218 | 147 | ||
CMST Development Co. Ltd. Class A | 220,800 | 147 | ||
Xinxing Ductile Iron Pipes Co. Ltd. Class A | 295,900 | 144 | ||
* | Sinopec Oilfield Service Corp. Class A | 543,200 | 144 | |
* | Kuang-Chi Technologies Co. Ltd. Class A | 128,700 | 143 | |
All Winner Technology Co. Ltd. Class A | 35,700 | 142 | ||
Henan Senyuan Electric Co. Ltd. Class A | 182,915 | 142 | ||
Shanxi Xishan Coal & Electricity Power Co. Ltd. Class A | 213,500 | 142 | ||
Zhejiang Semir Garment Co. Ltd. Class A | 141,200 | 142 | ||
China CYTS Tours Holding Co. Ltd. Class A | 96,200 | 142 | ||
China Oilfield Services Ltd. Class A | 81,000 | 142 | ||
Beijing North Star Co. Ltd. Class A | 368,200 | 141 | ||
Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 192,900 | 141 | ||
Dalian Huarui Heavy Industry Group Co. Ltd. Class A | 253,384 | 140 | ||
* | Shenzhen New Nanshan Holding Group Co. Ltd. Class A | 370,400 | 139 | |
* | GCL System Integration Technology Co. Ltd. Class A | 391,600 | 139 |
18
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Keda Clean Energy Co. Ltd. Class A | 241,900 | 139 | |
Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 189,100 | 138 | ||
Skyworth Digital Co. Ltd. Class A | 92,200 | 136 | ||
Wangfujing Group Co. Ltd. Class A | 74,200 | 136 | ||
Zhejiang Yongtai Technology Co. Ltd. Class A | 86,315 | 135 | ||
Guangxi Liugong Machinery Co. Ltd. Class A | 139,600 | 135 | ||
Bank of Jiangsu Co. Ltd. Class A | 156,700 | 134 | ||
Sinoma International Engineering Co. Class A | 162,300 | 133 | ||
* | Sichuan Hebang Biotechnology Co. Ltd. Class A | 692,400 | 133 | |
Shenzhen Agricultural Products Group Co. Ltd. Class A | 122,000 | 132 | ||
Xinjiang Zhongtai Chemical Co. Ltd. Class A | 199,900 | 132 | ||
Shenzhen Grandland Group Co. Ltd. Class A | 274,900 | 132 | ||
* | Sou Yu Te Group Co. Ltd. Class A | 294,500 | 130 | |
Chongqing Dima Industry Co. Ltd. Class A | 318,300 | 129 | ||
Eternal Asia Supply Chain Management Ltd. Class A | 216,200 | 128 | ||
Bank of Guiyang Co. Ltd. Class A | 115,100 | 128 | ||
Guangxi Wuzhou Zhongheng Group Co. Ltd. Class A | 269,000 | 128 | ||
* | Datong Coal Industry Co. Ltd. Class A | 246,691 | 128 | |
Bank of Hangzhou Co. Ltd. Class A | 108,400 | 126 | ||
An Hui Wenergy Co. Ltd. Class A | 224,010 | 123 | ||
Zhejiang Conba Pharmaceutical Co. Ltd. Class A | 169,000 | 122 | ||
* | Yixintang Pharmaceutical Group Co. Ltd. Class A | 33,900 | 122 | |
Shanghai Flyco Electrical Appliance Co. Ltd. Class A | 24,566 | 121 | ||
Zheshang Securities Co. Ltd. Class A | 88,100 | 120 | ||
Shanghai Industrial Development Co. Ltd. Class A | 163,600 | 120 | ||
Genimous Technology Co. Ltd. Class A | 114,400 | 119 | ||
Harbin Boshi Automation Co. Ltd. Class A | 80,300 | 118 | ||
Xuji Electric Co. Ltd. Class A | 59,900 | 118 | ||
Guangzhou Zhujiang Brewery Co. Ltd. Class A | 114,400 | 118 | ||
Bank of Qingdao Co. Ltd. Class A | 167,600 | 117 | ||
Luxi Chemical Group Co. Ltd. Class A | 106,000 | 117 | ||
Zhejiang Wanliyang Co. Ltd. Class A | 92,400 | 116 | ||
Sungrow Power Supply Co. Ltd. Class A | 76,100 | 116 | ||
Bright Dairy & Food Co. Ltd. Class A | 66,400 | 115 | ||
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A | 54,300 | 114 | |
* | Xiamen Intretech Inc. Class A | 15,400 | 113 | |
Jiangsu Expressway Co. Ltd. Class A | 76,000 | 113 | ||
* | Juewei Food Co. Ltd. Class A | 15,100 | 112 | |
China Meheco Co. Ltd. Class A | 55,500 | 112 | ||
Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A | 35,900 | 111 | ||
CCS Supply Chain Management Co. Ltd. Class A | 135,500 | 111 | ||
CSG Smart Science&Technology Co. Ltd. Class A | 100,100 | 111 | ||
Jiuzhitang Co. Ltd. Class A | 85,900 | 111 | ||
* | Yunnan Aluminium Co. Ltd. Class A | 195,200 | 110 | |
Oceanwide Holdings Co. Ltd. Class A | 222,900 | 109 | ||
China Coal Energy Co. Ltd. Class A | 201,838 | 109 | ||
China Galaxy Securities Co. Ltd. Class A | 78,200 | 108 | ||
China International Marine Containers Group Co. Ltd. Class A | 103,560 | 108 | ||
Qingdao Hanhe Cable Co. Ltd. Class A | 139,900 | 108 | ||
Cinda Real Estate Co. Ltd. Class A | 193,300 | 107 | ||
Bluestar Adisseo Co. Class A | 63,000 | 106 | ||
Shanghai Shimao Co. Ltd. Class A | 180,500 | 106 | ||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 95,100 | 105 | ||
Tus Environmental Science And Technology Development Co. Ltd. Class A | 92,900 | 105 | ||
Jiangling Motors Corp. Ltd. Class B | 163,283 | 105 | ||
Toly Bread Co. Ltd. Class A | 15,092 | 104 | ||
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 102,195 | 104 | ||
* | CNOOC Energy Technology & Services Ltd. Class A | 313,600 | 103 | |
Shanghai Shibei Hi-Tech Co. Ltd. Class A | 92,600 | 102 | ||
Central China Securities Co. Ltd. Class A | 155,400 | 102 | ||
Valiant Co. Ltd. Class A | 48,000 | 102 | ||
Beijing Sanju Environmental Protection and New Material Co. Ltd. Class A | 175,000 | 102 | ||
Macrolink Culturaltainment Development Co. Ltd. Class A | 263,000 | 102 | ||
Chongqing Water Group Co. Ltd. Class A | 136,200 | 102 |
19
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
China Railway Tielong Container Logistics Co. Ltd. Class A | 139,400 | 102 | ||
Deppon Logistics Co. Ltd. Class A | 73,700 | 101 | ||
* | CITIC Guoan Information Industry Co. Ltd. Class A | 222,100 | 101 | |
Do-Fluoride Chemicals Co. Ltd. Class A | 68,800 | 101 | ||
Beijing Yanjing Brewery Co. Ltd. Class A | 119,800 | 101 | ||
Zhefu Holding Group Co. Ltd. Class A | 189,600 | 100 | ||
* | Liuzhou Iron & Steel Co. Ltd. Class A | 140,100 | 99 | |
* | Beijing Ultrapower Software Co. Ltd. Class A | 135,600 | 98 | |
CECEP Wind-Power Corp. Class A | 312,500 | 98 | ||
Ningbo Sanxing Medical Electric Co. Ltd. Class A | 90,900 | 97 | ||
* | Jiangsu Guoxin Corp. Ltd. Class A | 108,100 | 97 | |
Dong-E-E-Jiao Co. Ltd. Class A | 22,400 | 97 | ||
Fuyao Glass Industry Group Co. Ltd. Class A | 34,800 | 97 | ||
* | Shenzhen Tellus Holding Co. Ltd. Class A | 38,600 | 96 | |
§ | Tahoe Group Co. Ltd. Class A | 154,100 | 96 | |
Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 153,800 | 96 | ||
Chongqing Department Store Co. Ltd. Class A | 25,100 | 96 | ||
Hubei Jumpcan Pharmaceutical Co. Ltd. Class A | 32,100 | 94 | ||
First Capital Securities Co. Ltd. Class A | 96,000 | 93 | ||
* | Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A | 35,400 | 93 | |
* | Rainbow Department Store Co. Ltd. Class A | 72,200 | 93 | |
* | HyUnion Holding Co. Ltd. Class A | 107,400 | 93 | |
KingClean Electric Co. Ltd. Class A | 30,400 | 92 | ||
China High Speed Railway Technology Co. Ltd. Class A | 204,600 | 92 | ||
* | Loncin Motor Co. Ltd. Class A | 182,400 | 91 | |
China Zhonghua Geotechnical Engineering Group Co. Ltd. Class A | 182,800 | 91 | ||
Shanghai Dazhong Public Utilities Group Co. Ltd. Class A | 150,200 | 91 | ||
Wanxiang Qianchao Co. Ltd. Class A | 130,100 | 91 | ||
Fujian Funeng Co. Ltd. Class A | 84,300 | 90 | ||
Bluedon Information Security Technology Co. Ltd. Class A | 165,400 | 90 | ||
* | Zotye Automobile Co. Ltd. Class A | 311,500 | 89 | |
Zhejiang Kaishan Compressor Co. Ltd. Class A | 59,000 | 88 | ||
Foshan Electrical and Lighting Co. Ltd. Class B | 283,700 | 88 | ||
Sinopec Shanghai Petrochemical Co. Ltd. Class A | 156,200 | 88 | ||
ADAMA Ltd. Class A | 64,600 | 88 | ||
* | Alpha Group Class A | 98,400 | 88 | |
AECC Aero-Engine Control Co. Ltd. Class A | 47,900 | 87 | ||
Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 97,200 | 87 | ||
Xiamen ITG Group Corp. Ltd. Class A | 98,700 | 87 | ||
MYS Group Co. Ltd. | 131,300 | 86 | ||
* | Guizhou Xinbang Pharmaceutical Co. Ltd. Class A | 132,400 | 85 | |
Opple Lighting Co. Ltd. Class A | 25,300 | 85 | ||
* | Zhongshan Broad Ocean Motor Co. Ltd. Class A | 165,500 | 84 | |
Avic Heavy Machinery Co. Ltd. Class A | 62,700 | 83 | ||
Huaneng Power International Inc. Class A | 139,300 | 83 | ||
Yotrio Group Co. Ltd. Class A | 149,300 | 82 | ||
* | Qingdao Rural Commercial Bank Corp. Class A | 130,800 | 82 | |
* | Juneyao Airlines Co. Ltd. Class A | 58,200 | 81 | |
Guangzhou Automobile Group Co. Ltd. Class A | 57,900 | 80 | ||
China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. Class A | 140,500 | 79 | ||
Tangshan Sanyou Chemical Industries Co. Ltd. Class A | 127,300 | 79 | ||
* | Harbin Pharmaceutical Group Co. Ltd. Class A | 152,300 | 79 | |
* | Hangzhou Oxygen Plant Group Co. Ltd. Class A | 44,600 | 73 | |
Shandong Buchang Pharmaceuticals Co. Ltd. Class A | 23,100 | 71 | ||
* | Shenzhen Fenda Technology Co. Ltd. Class A | 176,100 | 70 | |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 42,072 | 69 | ||
China West Construction Group Co. Ltd. Class A | 50,600 | 68 | ||
* | Jiangxi Special Electric Motor Co. Ltd. Class A | 274,800 | 64 | |
Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 65,100 | 64 | ||
* | Anhui Jianghuai Automobile Group Corp. Ltd. Class A | 84,000 | 59 | |
* | JL Mag Rare-Earth Co. Ltd. Class A | 13,000 | 58 | |
Jointo Energy Investment Co. Ltd. Hebei Class A | 85,061 | 57 | ||
Camel Group Co. Ltd. Class A | 44,900 | 57 | ||
Shenzhen World Union Group Inc. Class A | 133,200 | 53 |
20
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Bank of Chengdu Co. Ltd. Class A | 45,100 | 49 | ||
Qingdao Port International Co. Ltd. Class A | 61,600 | 48 | ||
ORG Technology Co. Ltd. Class A | 84,800 | 48 | ||
Henan Zhongyuan Expressway Co. Ltd. Class A | 84,600 | 47 | ||
Anhui Kouzi Distillery Co. Ltd. Class A | 7,200 | 42 | ||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 19,400 | 39 | ||
Zhejiang Runtu Co. Ltd. Class A | 27,905 | 36 | ||
Red Star Macalline Group Corp. Ltd. Class A | 27,000 | 36 | ||
Tibet Summit Resources Co. Ltd. Class A | 21,800 | 23 | ||
Jinzhou Port Co. Ltd. Class B | 22,559 | 5 | ||
*,§,^ | China Huishan Dairy Holdings Co. Ltd. | 5,503,795 | — | |
3,658,754 | ||||
Colombia (0.1%) | ||||
Bancolombia SA ADR | 215,706 | 5,630 | ||
Interconexion Electrica SA ESP | 775,459 | 3,565 | ||
Ecopetrol SA | 5,845,448 | 3,086 | ||
Bancolombia SA | 463,669 | 2,965 | ||
Grupo de Inversiones Suramericana SA | 451,443 | 2,454 | ||
Grupo Energia Bogota SA ESP | 3,425,008 | 1,938 | ||
Grupo Aval Acciones y Valores Preference Shares | 6,916,965 | 1,476 | ||
Ecopetrol SA ADR | 137,684 | 1,439 | ||
Grupo Argos SA | 582,235 | 1,356 | ||
* | Corp Financiera Colombiana SA | 190,805 | 1,244 | |
Cementos Argos SA | 968,298 | 953 | ||
Grupo de Inversiones Suramericana SA Preference Shares | 157,045 | 749 | ||
Grupo Aval Acciones y Valores SA ADR | 21,896 | 92 | ||
Bancolombia SA Preference Shares | 11,063 | 72 | ||
Cementos Argos SA Preference Shares | 503 | — | ||
27,019 | ||||
Czech Republic (0.0%) | ||||
Cez As | 298,021 | 5,541 | ||
* | Komercni banka as | 138,513 | 2,933 | |
1 | Moneta Money Bank AS | 943,710 | 1,960 | |
O2 Czech Republic AS | 84,048 | 736 | ||
11,170 | ||||
Denmark (1.4%) | ||||
Novo Nordisk A/S Class B | 3,024,719 | 192,947 | ||
DSV Panalpina A/S | 371,121 | 38,559 | ||
Coloplast A/S Class B | 242,727 | 38,284 | ||
1 | Orsted A/S | 344,565 | 34,805 | |
Vestas Wind Systems A/S | 357,119 | 30,667 | ||
* | Genmab A/S | 105,892 | 25,455 | |
Carlsberg A/S Class B | 185,218 | 23,366 | ||
Novozymes A/S | 372,545 | 18,276 | ||
Chr Hansen Holding A/S | 188,480 | 16,251 | ||
* | Danske Bank A/S | 1,221,751 | 14,506 | |
AP Moller - Maersk A/S Class B | 11,855 | 11,799 | ||
GN Store Nord A/S | 236,030 | 10,771 | ||
Ambu A/S Class B | 301,757 | 9,452 | ||
AP Moller - Maersk A/S Class A | 8,055 | 7,464 | ||
Tryg A/S | 224,844 | 5,996 | ||
Pandora A/S | 163,478 | 5,813 | ||
* | Iss A/S | 335,904 | 4,994 | |
*,^ | Demant A/S | 193,172 | 4,618 | |
H Lundbeck A/S | 110,561 | 4,034 | ||
ROCKWOOL International A/S Class B | 12,248 | 2,574 | ||
500,631 | ||||
Egypt (0.0%) | ||||
Commercial International Bank Egypt SAE | 2,430,606 | 9,880 | ||
Egypt Kuwait Holding Co. SAE | 1,397,898 | 1,397 | ||
Eastern Co. SAE | 1,778,143 | 1,368 | ||
ElSewedy Electric Co. | 1,436,275 | 811 | ||
Talaat Moustafa Group | 1,678,468 | 604 |
21
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Telecom Egypt Co. | 582,348 | 399 | ||
14,459 | ||||
Finland (0.8%) | ||||
Kone Oyj Class B | 715,726 | 43,340 | ||
Nokia Oyj | 10,230,698 | 36,881 | ||
* | Nordea Bank Abp (XSTO) | 5,363,686 | 34,402 | |
* | Sampo Oyj Class A | 898,179 | 29,773 | |
Neste Oyj | 760,600 | 26,861 | ||
UPM-Kymmene Oyj | 978,787 | 26,844 | ||
Elisa Oyj | 262,521 | 15,953 | ||
Fortum Oyj | 789,561 | 13,083 | ||
* | Stora Enso Oyj | 1,050,183 | 12,355 | |
* | Orion Oyj Class B | 188,729 | 9,591 | |
Kesko Oyj Class B | 494,224 | 8,053 | ||
Wartsila Oyj Abp | 886,509 | 6,507 | ||
* | Huhtamaki Oyj | 170,729 | 6,372 | |
Metso Oyj | 194,361 | 5,393 | ||
Nokian Renkaat Oyj | 246,551 | 5,238 | ||
* | Nordea Bank Abp (XHEL) | 551,902 | 3,531 | |
284,177 | ||||
France (6.5%) | ||||
^ | Sanofi | 1,982,926 | 193,681 | |
LVMH Moet Hennessy Louis Vuitton SE | 455,683 | 176,165 | ||
Total SA | 4,365,957 | 154,959 | ||
* | Schneider Electric SE | 958,689 | 88,595 | |
Danone SA | 1,094,849 | 76,308 | ||
Vinci SA | 849,895 | 69,625 | ||
Kering SA | 135,720 | 69,042 | ||
EssilorLuxottica SA | 537,497 | 66,771 | ||
* | Airbus SE | 1,007,289 | 63,780 | |
Axa SA | 3,514,458 | 62,475 | ||
BNP Paribas SA | 1,978,634 | 62,162 | ||
Pernod Ricard SA | 387,232 | 59,129 | ||
* | L'Oreal SA Loyalty Shares | 199,212 | 57,919 | |
Safran SA | 584,993 | 54,388 | ||
Air Liquide SA Loyalty Shares | 387,422 | 49,224 | ||
* | L'Oreal SA | 149,921 | 43,588 | |
Orange SA | 3,499,320 | 42,514 | ||
Hermes International | 56,480 | 41,291 | ||
Air Liquide SA | 286,879 | 36,449 | ||
Dassault Systemes SE | 241,127 | 35,318 | ||
Legrand SA | 488,064 | 32,721 | ||
*,^ | Vivendi SA | 1,479,224 | 31,971 | |
Cie Generale des Etablissements Michelin SCA | 322,497 | 31,160 | ||
STMicroelectronics NV | 1,149,276 | 29,596 | ||
Capgemini SE | 287,096 | 26,990 | ||
L'Oreal SA Loyalty Shares 2021 | 91,136 | 26,497 | ||
Cie de Saint-Gobain | 889,160 | 23,659 | ||
Teleperformance | 105,537 | 23,641 | ||
Air Liquide SA Loyalty Shares 2021 | 173,187 | 22,004 | ||
Societe Generale SA | 1,401,014 | 21,981 | ||
Veolia Environnement SA | 916,010 | 19,528 | ||
Edenred | 444,126 | 17,891 | ||
*,1 | Worldline SA | 257,117 | 17,414 | |
Credit Agricole SA | 2,090,751 | 16,817 | ||
Carrefour SA | 1,049,139 | 15,581 | ||
Engie | 1,363,913 | 14,798 | ||
Ingenico Group SA | 112,520 | 14,157 | ||
Peugeot SA | 994,402 | 14,096 | ||
Thales SA | 183,253 | 13,878 | ||
Alstom SA | 336,433 | 13,800 | ||
Gecina SA | 95,750 | 12,564 | ||
* | Ubisoft Entertainment SA | 166,679 | 12,398 | |
Atos SE | 172,254 | 12,319 |
22
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Bouygues SA | 387,672 | 11,928 | |
Publicis Groupe SA | 393,873 | 11,627 | ||
Eurofins Scientific SE | 20,617 | 11,405 | ||
Engie SA | 1,044,782 | 11,335 | ||
Eiffage SA | 136,590 | 11,162 | ||
Arkema SA | 131,044 | 10,907 | ||
Getlink SE | 833,470 | 10,631 | ||
Bureau Veritas SA | 502,245 | 10,427 | ||
* | Sartorius Stedim Biotech | 43,315 | 10,386 | |
Orpea | 89,491 | 9,954 | ||
Valeo SA | 431,340 | 9,888 | ||
Accor SA | 345,039 | 9,598 | ||
1 | Euronext NV | 111,968 | 9,400 | |
BioMerieux | 75,525 | 9,331 | ||
* | Scor Se | 286,883 | 8,083 | |
Suez | 678,459 | 7,674 | ||
Rubis SCA | 167,735 | 7,515 | ||
TechnipFMC plc | 834,203 | 7,304 | ||
Klepierre SA | 351,113 | 7,128 | ||
Sodexo SA | 87,845 | 7,023 | ||
1 | Amundi SA | 104,352 | 6,926 | |
Engie Loyalty Shares 2021 | 619,484 | 6,721 | ||
Renault SA | 334,301 | 6,587 | ||
^ | Covivio | 84,793 | 5,325 | |
Rexel SA | 549,447 | 5,132 | ||
Aeroports de Paris | 52,192 | 5,095 | ||
^ | Remy Cointreau SA | 44,789 | 4,996 | |
Sodexo SA ACT Loyalty Shares | 61,750 | 4,937 | ||
Elis SA | 398,385 | 4,911 | ||
Bollore SA | 1,823,337 | 4,832 | ||
Faurecia SE | 134,622 | 4,824 | ||
Ipsen SA | 62,696 | 4,669 | ||
Icade | 57,891 | 4,447 | ||
Wendel SE | 51,091 | 4,383 | ||
SES SA Class A | 646,873 | 4,309 | ||
Iliad SA | 28,326 | 4,218 | ||
^ | Casino Guichard Perrachon SA | 101,321 | 3,803 | |
Eutelsat Communications SA | 334,840 | 3,749 | ||
Eurazeo SE | 76,575 | 3,667 | ||
Electricite de France SA | 460,460 | 3,666 | ||
Natixis SA | 1,551,414 | 3,663 | ||
Dassault Aviation SA | 4,305 | 3,506 | ||
* | CNP Assurances | 284,472 | 2,935 | |
SEB SA Loyalty Shares | 23,594 | 2,830 | ||
JCDecaux SA | 133,572 | 2,765 | ||
Electricite de France SA Loyalty Shares 2021 | 279,349 | 2,224 | ||
Imerys SA | 68,218 | 2,140 | ||
Seb SA | 17,060 | 2,046 | ||
Cie Plastic Omnium SA | 102,042 | 1,932 | ||
*,^ | Air France-KLM | 345,801 | 1,763 | |
Electricite de France SA Loyalty Shares | 203,352 | 1,619 | ||
1 | Ald SA | 143,357 | 1,397 | |
* | SEB SA Loyalty Shares2021 | 9,289 | 1,114 | |
Sodexo SA Loyalty Shares 2022 | 8,591 | 687 | ||
Sodexo SA Loyalty Shares | 753 | 60 | ||
2,289,428 | ||||
Germany (5.6%) | ||||
SAP SE | 1,771,850 | 211,041 | ||
Allianz SE | 759,714 | 139,812 | ||
Siemens AG | 1,386,037 | 127,908 | ||
Bayer AG | 1,799,431 | 118,348 | ||
* | Deutsche Telekom AG | 5,908,515 | 86,381 | |
BASF SE | 1,676,194 | 85,782 | ||
adidas AG | 353,235 | 80,867 |
23
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 263,484 | 57,710 | ||
Deutsche Post AG | 1,784,797 | 53,022 | ||
Deutsche Boerse AG | 335,689 | 52,045 | ||
Daimler AG | 1,475,432 | 50,464 | ||
Vonovia SE | 994,406 | 49,172 | ||
Volkswagen AG Preference Shares | 334,105 | 46,485 | ||
Infineon Technologies AG | 2,270,262 | 42,207 | ||
E.On SE | 3,967,972 | 39,749 | ||
Bayerische Motoren Werke AG | 586,549 | 34,504 | ||
Fresenius SE & Co. KGaA | 743,974 | 32,224 | ||
Rwe AG | 1,047,176 | 30,125 | ||
Fresenius Medical Care AG & Co. KGaA | 383,029 | 30,018 | ||
* | Henkel AG & Co. KGaA Preference Shares | 317,045 | 28,149 | |
Deutsche Bank AG | 3,732,493 | 27,644 | ||
* | Merck KGaA | 236,325 | 27,428 | |
Deutsche Wohnen SE | 656,134 | 26,592 | ||
Symrise AG Class A | 231,786 | 23,482 | ||
*,1 | Delivery Hero SE | 257,809 | 21,866 | |
^ | Wirecard AG | 208,802 | 20,663 | |
* | Beiersdorf AG | 183,081 | 19,156 | |
* | Sartorius AG Preference Shares | 62,411 | 17,534 | |
Hannover Rueck SE | 109,884 | 17,508 | ||
* | Qiagen NV | 399,501 | 16,621 | |
* | Continental AG | 198,257 | 16,567 | |
* | Henkel AG & Co. KGaA | 189,115 | 14,742 | |
LEG Immobilien AG | 126,453 | 14,518 | ||
Porsche Automobil Holding SE Preference Shares | 280,668 | 14,172 | ||
*,1 | Zalando SE | 273,026 | 13,382 | |
* | MTU Aero Engines AG | 97,044 | 13,215 | |
1 | Scout24 AG | 198,239 | 12,962 | |
HeidelbergCement AG | 271,539 | 12,874 | ||
Brenntag AG | 283,736 | 12,847 | ||
Aroundtown SA | 2,202,892 | 11,849 | ||
1 | Siemens Healthineers AG | 238,778 | 10,512 | |
*,1 | Covestro AG | 310,088 | 10,416 | |
Uniper SE | 358,964 | 9,657 | ||
* | Puma SE | 149,065 | 9,364 | |
Volkswagen AG | 58,922 | 8,711 | ||
Evonik Industries AG | 349,490 | 8,598 | ||
Knorr-Bremse AG | 88,287 | 8,211 | ||
* | TeamViewer AG | 176,699 | 7,655 | |
Lanxess AG | 153,860 | 7,571 | ||
Bechtle AG | 49,915 | 7,219 | ||
^,1 | Hapag-Lloyd AG | 49,488 | 7,090 | |
Commerzbank AG | 1,895,514 | 6,989 | ||
* | GEA Group AG | 302,965 | 6,952 | |
United Internet AG | 201,023 | 6,917 | ||
* | Carl Zeiss Meditec AG | 66,443 | 6,552 | |
KION Group AG | 128,358 | 6,367 | ||
Nemetschek SE | 98,758 | 6,213 | ||
* | OSRAM Licht AG | 136,036 | 5,668 | |
*,^ | thyssenkrupp AG | 849,232 | 5,649 | |
Rheinmetall AG | 78,536 | 5,315 | ||
Bayerische Motoren Werke AG Preference Shares | 108,287 | 5,079 | ||
Fuchs Petrolub SE Preference Shares | 123,857 | 4,803 | ||
CTS Eventim AG & Co. KGaA | 107,314 | 4,461 | ||
^ | Deutsche Lufthansa AG | 428,386 | 3,835 | |
^ | ProSiebenSat.1 Media SE | 367,171 | 3,669 | |
Telefonica Deutschland Holding AG | 1,229,748 | 3,498 | ||
^ | Grenke AG | 47,081 | 3,286 | |
Hugo Boss AG | 112,127 | 3,113 | ||
Hella GmbH & Co. KGaA | 81,801 | 3,009 | ||
Fielmann AG | 45,285 | 2,978 | ||
Rational AG | 6,138 | 2,962 |
24
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Hochtief AG | 36,441 | 2,852 | ||
^ | Fraport AG Frankfurt Airport Services Worldwide | 64,984 | 2,847 | |
Metro AG | 305,943 | 2,673 | ||
Talanx AG | 73,269 | 2,602 | ||
*,1 | Rocket Internet SE | 114,107 | 2,400 | |
RTL Group SA | 70,639 | 2,352 | ||
Fuchs Petrolub SE | 64,655 | 2,162 | ||
*,^ | Varta AG | 25,775 | 2,136 | |
^ | 1&1 Drillisch AG | 86,638 | 2,016 | |
1 | DWS Group GmbH & Co. KGaA | 63,133 | 1,993 | |
Suedzucker AG | 145,508 | 1,925 | ||
Wacker Chemie AG | 26,783 | 1,562 | ||
* | Traton SE | 91,606 | 1,380 | |
TUI AG (XETR) | 232,404 | 944 | ||
1,973,798 | ||||
Greece (0.1%) | ||||
Hellenic Telecommunications Organization SA | 470,986 | 6,222 | ||
Opap SA | 349,914 | 3,134 | ||
Jumbo SA | 185,313 | 2,900 | ||
* | Alpha Bank AE | 2,529,879 | 1,847 | |
* | Eurobank Ergasias Services and Holdings SA | 4,548,168 | 1,837 | |
Motor Oil Hellas Corinth Refineries SA | 98,984 | 1,467 | ||
Mytilineos SA | 180,043 | 1,343 | ||
* | National Bank of Greece SA | 930,748 | 1,262 | |
Hellenic Petroleum SA | 98,872 | 657 | ||
*,§ | FF Group | 60,219 | 317 | |
20,986 | ||||
Hong Kong (2.6%) | ||||
AIA Group Ltd. | 22,066,452 | 202,521 | ||
Hong Kong Exchanges & Clearing Ltd. | 2,299,171 | 73,716 | ||
CK Hutchison Holdings Ltd. | 4,904,410 | 36,352 | ||
Sun Hung Kai Properties Ltd. | 2,605,533 | 35,628 | ||
Link REIT | 3,782,360 | 33,717 | ||
Hong Kong & China Gas Co. Ltd. | 18,013,685 | 32,284 | ||
CLP Holdings Ltd. | 3,006,363 | 32,180 | ||
CK Asset Holdings Ltd. | 4,903,074 | 30,981 | ||
Galaxy Entertainment Group Ltd. | 3,889,309 | 25,014 | ||
Hang Seng Bank Ltd. | 1,321,766 | 23,118 | ||
BOC Hong Kong Holdings Ltd. | 6,553,196 | 20,113 | ||
Sands China Ltd. | 4,359,808 | 17,651 | ||
China Mengniu Dairy Co. Ltd. | 4,916,849 | 17,411 | ||
Techtronic Industries Co. Ltd. | 2,264,888 | 17,174 | ||
Jardine Matheson Holdings Ltd. | 384,692 | 16,850 | ||
Power Assets Holdings Ltd. | 2,507,516 | 16,801 | ||
1 | WH Group Ltd. | 15,352,923 | 14,643 | |
MTR Corp. Ltd. | 2,627,342 | 14,556 | ||
New World Development Co. Ltd. | 10,426,840 | 12,319 | ||
*,^ | Semiconductor Manufacturing International Corp. | 5,556,917 | 10,430 | |
Henderson Land Development Co. Ltd. | 2,377,634 | 9,690 | ||
Hongkong Land Holdings Ltd. | 2,120,691 | 8,871 | ||
Wheelock & Co. Ltd. | 1,136,113 | 8,327 | ||
Sino Land Co. Ltd. | 5,924,374 | 8,280 | ||
Hang Lung Properties Ltd. | 3,726,742 | 7,972 | ||
^ | Wharf Real Estate Investment Co. Ltd. | 1,843,472 | 7,804 | |
Lenovo Group Ltd. | 13,822,802 | 7,467 | ||
Want Want China Holdings Ltd. | 10,307,382 | 7,347 | ||
Jardine Strategic Holdings Ltd. | 333,847 | 7,177 | ||
CK Infrastructure Holdings Ltd. | 1,134,818 | 6,741 | ||
Sun Art Retail Group Ltd. | 3,937,960 | 6,556 | ||
Swire Pacific Ltd. Class A | 921,513 | 5,993 | ||
AAC Technologies Holdings Inc. | 1,262,949 | 5,973 | ||
Tingyi Cayman Islands Holding Corp. | 3,362,119 | 5,968 | ||
*,1 | Budweiser Brewing Co. APAC Ltd. | 2,158,500 | 5,866 | |
ASM Pacific Technology Ltd. | 542,894 | 5,486 |
25
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Swire Properties Ltd. | 1,910,868 | 5,360 | ||
^ | Vitasoy International Holdings Ltd. | 1,450,000 | 5,171 | |
Bank of East Asia Ltd. | 2,281,515 | 4,833 | ||
PCCW Ltd. | 7,470,207 | 4,576 | ||
Wynn Macau Ltd. | 2,625,884 | 4,535 | ||
Xinyi Solar Holdings Ltd. | 6,925,662 | 4,395 | ||
Xinyi Glass Holdings Ltd. | 3,616,685 | 4,189 | ||
Hysan Development Co. Ltd. | 1,135,530 | 3,788 | ||
Hang Lung Group Ltd. | 1,575,967 | 3,600 | ||
SJM Holdings Ltd. | 3,320,280 | 3,278 | ||
NagaCorp Ltd. | 2,684,000 | 3,168 | ||
^ | Wharf Holdings Ltd. | 1,625,752 | 3,080 | |
Prada SpA | 933,958 | 3,032 | ||
Minth Group Ltd. | 1,233,490 | 2,966 | ||
Kerry Properties Ltd. | 1,066,665 | 2,946 | ||
NWS Holdings Ltd. | 2,585,043 | 2,694 | ||
Melco International Development Ltd. | 1,420,504 | 2,655 | ||
Dairy Farm International Holdings Ltd. | 542,500 | 2,600 | ||
1 | BOC Aviation Ltd. | 372,300 | 2,546 | |
United Energy Group Ltd. | 13,334,000 | 2,428 | ||
VTech Holdings Ltd. | 290,690 | 2,192 | ||
Uni-President China Holdings Ltd. | 2,106,788 | 2,115 | ||
Champion REIT | 3,545,027 | 2,102 | ||
SITC International Holdings Co. Ltd. | 2,107,000 | 2,081 | ||
Yue Yuen Industrial Holdings Ltd. | 1,267,728 | 2,022 | ||
1 | Samsonite International SA | 2,344,558 | 1,994 | |
Swire Pacific Ltd. Class B | 1,655,000 | 1,809 | ||
Chow Tai Fook Jewellery Group Ltd. | 1,947,392 | 1,648 | ||
^ | MGM China Holdings Ltd. | 1,321,964 | 1,633 | |
Li & Fung Ltd. | 10,812,956 | 1,623 | ||
Shangri-La Asia Ltd. | 1,909,232 | 1,577 | ||
Kerry Logistics Network Ltd. | 1,037,924 | 1,419 | ||
^ | Cathay Pacific Airways Ltd. | 1,133,672 | 1,348 | |
L'Occitane International SA | 808,275 | 1,245 | ||
Shougang Fushan Resources Group Ltd. | 6,165,352 | 1,230 | ||
Cafe de Coral Holdings Ltd. | 591,108 | 1,219 | ||
Shun Tak Holdings Ltd. | 3,401,006 | 1,189 | ||
Shui On Land Ltd. | 6,440,885 | 1,141 | ||
Johnson Electric Holdings Ltd. | 645,622 | 1,084 | ||
^ | Haitong International Securities Group Ltd. | 4,532,736 | 1,061 | |
Towngas China Co. Ltd. | 1,831,806 | 921 | ||
First Pacific Co. Ltd. | 4,298,253 | 888 | ||
Dah Sing Financial Holdings Ltd. | 254,584 | 840 | ||
Lifestyle International Holdings Ltd. | 843,563 | 803 | ||
Nexteer Automotive Group Ltd. | 1,506,000 | 774 | ||
*,^ | MMG Ltd. | 4,468,000 | 773 | |
Television Broadcasts Ltd. | 510,509 | 705 | ||
Guotai Junan International Holdings Ltd. | 5,238,228 | 687 | ||
^ | China Travel International Investment Hong Kong Ltd. | 4,667,542 | 654 | |
Dah Sing Banking Group Ltd. | 663,244 | 651 | ||
Huabao International Holdings Ltd. | 1,571,000 | 624 | ||
* | FIH Mobile Ltd. | 4,940,762 | 552 | |
Hutchison Telecommunications Hong Kong Holdings Ltd. | 2,113,886 | 365 | ||
^,1 | FIT Hon Teng Ltd. | 1,684,000 | 364 | |
^ | SA Sa International Holdings Ltd. | 1,903,621 | 357 | |
* | Macau Legend Development Ltd. | 2,657,006 | 322 | |
*,§ | Brightoil Petroleum Holdings Ltd. | 3,241,567 | 84 | |
*,§ | Legend Holdings Corp. Rights | 50,782 | — | |
912,913 | ||||
Hungary (0.1%) | ||||
OTP Bank Nyrt | 417,933 | 12,378 | ||
Richter Gedeon Nyrt | 250,880 | 5,361 | ||
MOL Hungarian Oil & Gas plc | 800,588 | 5,068 |
26
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Magyar Telekom Telecommunications plc | 791,047 | 983 | ||
23,790 | ||||
India (2.4%) | ||||
Housing Development Finance Corp. Ltd. | 3,152,909 | 79,752 | ||
1 | Reliance Industries Ltd. GDR | 1,497,553 | 56,827 | |
Reliance Industries Ltd. | 2,643,695 | 51,401 | ||
Infosys Ltd. ADR | 5,424,946 | 50,072 | ||
Tata Consultancy Services Ltd. | 1,649,796 | 43,674 | ||
Hindustan Unilever Ltd. | 1,378,210 | 39,907 | ||
* | Bharti Airtel Ltd. | 3,191,257 | 21,733 | |
Axis Bank Ltd. | 3,604,059 | 21,057 | ||
Maruti Suzuki India Ltd. | 221,459 | 15,722 | ||
HCL Technologies Ltd. | 1,968,985 | 14,121 | ||
Infosys Ltd. | 1,458,097 | 13,629 | ||
ITC Ltd. | 5,380,085 | 12,962 | ||
Asian Paints Ltd. | 524,638 | 12,241 | ||
Sun Pharmaceutical Industries Ltd. | 1,992,371 | 12,151 | ||
Nestle India Ltd. | 42,474 | 10,075 | ||
Bajaj Finance Ltd. | 327,002 | 9,998 | ||
UltraTech Cement Ltd. | 195,190 | 9,086 | ||
Bharat Petroleum Corp. Ltd. | 1,829,808 | 8,952 | ||
*,1 | Avenue Supermarts Ltd. | 242,337 | 7,596 | |
Larsen & Toubro Ltd. | 616,512 | 7,311 | ||
Titan Co. Ltd. | 571,149 | 7,304 | ||
*,1 | HDFC Life Insurance Co. Ltd. | 1,102,368 | 7,300 | |
* | State Bank of India GDR | 288,374 | 7,224 | |
Power Grid Corp. of India Ltd. | 3,334,138 | 7,146 | ||
*,1 | SBI Life Insurance Co. Ltd. | 675,477 | 6,493 | |
Wipro Ltd. ADR | 1,935,492 | 6,368 | ||
Dabur India Ltd. | 958,317 | 6,200 | ||
Tech Mahindra Ltd. | 841,794 | 6,054 | ||
Oil & Natural Gas Corp. Ltd. | 5,527,114 | 5,849 | ||
ICICI Bank Ltd. | 1,154,903 | 5,794 | ||
1 | ICICI Lombard General Insurance Co. Ltd. | 331,350 | 5,664 | |
NTPC Ltd. | 4,395,970 | 5,507 | ||
Bajaj Auto Ltd. | 158,056 | 5,496 | ||
UPL Ltd. | 975,792 | 5,400 | ||
Coal India Ltd. | 2,686,021 | 5,252 | ||
JSW Steel Ltd. | 2,183,374 | 5,157 | ||
Mahindra & Mahindra Ltd. | 1,068,329 | 5,154 | ||
Hero MotoCorp Ltd. | 177,362 | 5,059 | ||
Godrej Consumer Products Ltd. | 683,944 | 4,908 | ||
Adani Ports & Special Economic Zone Ltd. | 1,239,772 | 4,760 | ||
Bajaj Finserv Ltd. | 69,766 | 4,697 | ||
Eicher Motors Ltd. | 24,121 | 4,684 | ||
Cipla Ltd. | 597,973 | 4,654 | ||
Pidilite Industries Ltd. | 222,067 | 4,477 | ||
Britannia Industries Ltd. | 106,436 | 4,454 | ||
Lupin Ltd. | 402,153 | 4,435 | ||
Divi's Laboratories Ltd. | 143,457 | 4,424 | ||
Dr Reddy's Laboratories Ltd. | 84,813 | 4,393 | ||
Indian Oil Corp. Ltd. | 3,903,106 | 4,351 | ||
Shree Cement Ltd. | 15,890 | 4,149 | ||
Aurobindo Pharma Ltd. | 485,600 | 3,972 | ||
* | United Spirits Ltd. | 551,754 | 3,927 | |
Grasim Industries Ltd. | 587,972 | 3,903 | ||
1 | Bandhan Bank Ltd. | 1,135,427 | 3,896 | |
Info Edge India Ltd. | 109,937 | 3,692 | ||
Bharti Infratel Ltd. | 1,581,772 | 3,660 | ||
Vedanta Ltd. | 3,103,124 | 3,617 | ||
Zee Entertainment Enterprises Ltd. | 1,643,228 | 3,444 | ||
Hindustan Petroleum Corp. Ltd. | 1,107,501 | 3,232 | ||
Marico Ltd. | 846,560 | 3,216 | ||
Ambuja Cements Ltd. | 1,413,724 | 3,202 |
27
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Dr Reddy's Laboratories Ltd. ADR | 62,480 | 3,198 | ||
Havells India Ltd. | 427,889 | 3,189 | ||
Shriram Transport Finance Co. Ltd. | 307,698 | 3,156 | ||
Petronet LNG Ltd. | 971,317 | 3,129 | ||
1 | ICICI Prudential Life Insurance Co. Ltd. | 569,078 | 3,103 | |
Hindalco Industries Ltd. | 1,693,077 | 2,872 | ||
Berger Paints India Ltd. | 417,442 | 2,807 | ||
Jubilant Foodworks Ltd. | 130,109 | 2,791 | ||
1 | HDFC Asset Management Co. Ltd. | 78,294 | 2,621 | |
Alkem Laboratories Ltd. | 72,557 | 2,495 | ||
GAIL India Ltd. | 1,954,840 | 2,474 | ||
Siemens Ltd. | 161,718 | 2,440 | ||
Piramal Enterprises Ltd. | 186,679 | 2,399 | ||
Colgate-Palmolive India Ltd. | 123,938 | 2,392 | ||
* | Tata Motors Ltd. | 1,973,374 | 2,389 | |
Biocon Ltd. | 511,578 | 2,387 | ||
1 | InterGlobe Aviation Ltd. | 173,548 | 2,276 | |
Torrent Pharmaceuticals Ltd. | 73,110 | 2,271 | ||
Page Industries Ltd. | 9,068 | 2,185 | ||
Rajesh Exports Ltd. | 258,864 | 2,129 | ||
DLF Ltd. | 1,083,194 | 2,076 | ||
Tata Steel Ltd. | 533,835 | 2,073 | ||
Motherson Sumi Systems Ltd. | 1,742,354 | 2,008 | ||
1 | AU Small Finance Bank Ltd. | 279,227 | 2,002 | |
Muthoot Finance Ltd. | 172,497 | 1,977 | ||
Cadila Healthcare Ltd. | 443,454 | 1,903 | ||
Container Corp. Of India Ltd. | 375,548 | 1,858 | ||
Bosch Ltd. | 12,984 | 1,814 | ||
Wipro Ltd. | 693,675 | 1,761 | ||
LIC Housing Finance Ltd. | 462,668 | 1,731 | ||
Federal Bank Ltd. | 2,659,706 | 1,715 | ||
United Breweries Ltd. | 123,667 | 1,541 | ||
REC Ltd. | 1,200,443 | 1,515 | ||
Power Finance Corp. Ltd. | 1,196,719 | 1,511 | ||
Ashok Leyland Ltd. | 2,158,200 | 1,483 | ||
Whirlpool of India Ltd. | 53,803 | 1,464 | ||
Castrol India Ltd. | 850,512 | 1,459 | ||
MRF Ltd. | 1,762 | 1,418 | ||
Embassy Office Parks REIT | 282,800 | 1,388 | ||
NMDC Ltd. | 1,295,247 | 1,373 | ||
Bajaj Holdings & Investment Ltd. | 50,499 | 1,361 | ||
Mphasis Ltd. | 139,175 | 1,352 | ||
Bharat Forge Ltd. | 322,361 | 1,314 | ||
Kansai Nerolac Paints Ltd. | 233,508 | 1,282 | ||
* | IDFC Bank | 4,268,357 | 1,228 | |
NHPC Ltd. | 4,460,035 | 1,227 | ||
ACC Ltd. | 77,937 | 1,212 | ||
Voltas Ltd. | 180,873 | 1,212 | ||
Mahindra & Mahindra Financial Services Ltd. | 534,208 | 1,163 | ||
* | Oracle Financial Services Software Ltd. | 37,063 | 1,154 | |
* | ABB India Ltd. | 95,839 | 1,146 | |
1 | RBL Bank Ltd. | 655,032 | 1,132 | |
* | Bank of Baroda | 1,732,715 | 1,124 | |
Glenmark Pharmaceuticals Ltd. | 238,835 | 1,056 | ||
* | Adani Transmission Ltd. | 385,679 | 1,050 | |
Bharat Electronics Ltd. | 1,069,640 | 1,024 | ||
Indiabulls Housing Finance Ltd. | 586,307 | 1,021 | ||
1 | Larsen & Toubro Infotech Ltd. | 48,530 | 1,017 | |
* | Hindustan Zinc Ltd. | 443,505 | 1,015 | |
Gillette India Ltd. | 13,938 | 986 | ||
* | State Bank of India | 392,254 | 982 | |
* | Godrej Properties Ltd. | 106,440 | 952 | |
Yes Bank Ltd. | 2,544,587 | 945 | ||
* | Jindal Steel & Power Ltd. | 735,578 | 907 |
28
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Bata India Ltd. | 49,801 | 899 | ||
TVS Motor Co. Ltd. | 206,635 | 888 | ||
1 | Nippon Life India Asset Management Ltd. | 264,078 | 855 | |
Torrent Power Ltd. | 194,270 | 853 | ||
Adani Enterprises Ltd. | 456,749 | 843 | ||
* | Vodafone Idea Ltd. | 14,700,378 | 814 | |
* | 3M India Ltd. | 3,110 | 796 | |
Tata Power Co. Ltd. | 1,772,957 | 740 | ||
Sun TV Network Ltd. | 145,168 | 737 | ||
Cholamandalam Investment and Finance Co. Ltd. | 350,633 | 735 | ||
* | GMR Infrastructure Ltd. | 3,241,205 | 733 | |
* | Punjab National Bank | 1,689,554 | 720 | |
Exide Industries Ltd. | 345,047 | 719 | ||
L&T Finance Holdings Ltd. | 824,926 | 712 | ||
Steel Authority of India Ltd. | 1,667,461 | 694 | ||
Oberoi Realty Ltd. | 152,708 | 691 | ||
Tata Communications Ltd. | 120,373 | 686 | ||
* | Adani Power Ltd. | 1,602,077 | 669 | |
* | Aditya Birla Capital Ltd. | 966,890 | 638 | |
Oil India Ltd. | 483,289 | 631 | ||
Dalmia Bharat Ltd. | 88,463 | 610 | ||
* | Canara Bank | 516,594 | 598 | |
Cummins India Ltd. | 114,361 | 572 | ||
Emami Ltd. | 184,958 | 478 | ||
Godrej Industries Ltd. | 123,955 | 435 | ||
* | Future Retail Ltd. | 377,291 | 428 | |
Bharat Heavy Electricals Ltd. | 1,429,118 | 424 | ||
JSW Energy Ltd. | 664,223 | 391 | ||
* | Union Bank of India | 1,082,699 | 389 | |
* | Tata Motors Ltd. Class A | 641,015 | 334 | |
*,§ | Hemisphere Properties India Ltd. | 120,373 | 259 | |
* | Bank of India | 486,144 | 226 | |
* | ABB Power Products & Systems India Ltd. | 17,516 | 187 | |
Mangalore Refinery & Petrochemicals Ltd. | 335,742 | 144 | ||
IDFC Ltd. | 491,794 | 94 | ||
835,092 | ||||
Indonesia (0.4%) | ||||
Bank Central Asia Tbk PT | 17,690,799 | 30,644 | ||
Telekomunikasi Indonesia Persero Tbk PT | 84,568,624 | 19,447 | ||
Bank Rakyat Indonesia Persero Tbk PT | 96,979,215 | 17,639 | ||
Bank Mandiri Persero Tbk PT | 33,697,172 | 10,017 | ||
Astra International Tbk PT | 36,868,288 | 9,430 | ||
Unilever Indonesia Tbk PT | 10,567,650 | 5,860 | ||
Charoen Pokphand Indonesia Tbk PT | 13,332,464 | 4,100 | ||
Bank Negara Indonesia Persero Tbk PT | 13,731,387 | 3,747 | ||
Indofood Sukses Makmur Tbk PT | 8,133,705 | 3,549 | ||
* | Barito Pacific Tbk PT | 34,492,500 | 3,340 | |
Kalbe Farma Tbk PT | 34,340,237 | 3,317 | ||
United Tractors Tbk PT | 2,744,812 | 2,994 | ||
Semen Indonesia Persero Tbk PT | 5,259,949 | 2,792 | ||
Indofood CBP Sukses Makmur Tbk PT | 4,138,884 | 2,738 | ||
Gudang Garam Tbk PT | 838,686 | 2,549 | ||
Indocement Tunggal Prakarsa Tbk PT | 2,371,098 | 1,840 | ||
Hanjaya Mandala Sampoerna Tbk PT | 16,661,300 | 1,774 | ||
Indah Kiat Pulp & Paper Corp. Tbk PT | 4,729,800 | 1,746 | ||
Tower Bersama Infrastructure Tbk PT | 18,286,225 | 1,446 | ||
Adaro Energy Tbk PT | 23,474,263 | 1,439 | ||
Perusahaan Gas Negara Tbk PT | 18,634,446 | 1,057 | ||
* | XL Axiata Tbk PT | 6,217,150 | 1,054 | |
Bukit Asam Tbk PT | 7,513,155 | 941 | ||
Jasa Marga Persero Tbk PT | 3,751,819 | 790 | ||
* | Bumi Serpong Damai Tbk PT | 12,776,740 | 601 | |
* | Vale Indonesia Tbk PT | 3,299,862 | 565 | |
Surya Citra Media Tbk PT | 9,572,279 | 557 |
29
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Smartfren Telecom Tbk PT | 77,704,000 | 554 | |
Media Nusantara Citra Tbk PT | 8,802,166 | 537 | ||
Matahari Department Store Tbk PT | 4,043,500 | 328 | ||
* | Astra Agro Lestari Tbk PT | 680,225 | 277 | |
Bank Danamon Indonesia Tbk PT | 1,024,127 | 170 | ||
137,839 | ||||
Ireland (0.2%) | ||||
Kerry Group plc Class A | 267,226 | 30,760 | ||
Flutter Entertainment plc | 142,509 | 17,525 | ||
Kingspan Group plc | 275,145 | 14,020 | ||
Glanbia plc | 356,171 | 3,790 | ||
Bank of Ireland Group plc | 1,669,103 | 3,425 | ||
CRH plc (XDUB) | 68,686 | 2,084 | ||
* | AIB Group plc | 1,437,019 | 1,989 | |
*,§ | Irish Bank Resolution Corp. Ltd. | 236,607 | — | |
73,593 | ||||
Israel (0.3%) | ||||
* | Nice Ltd. | 113,866 | 18,700 | |
* | Teva Pharmaceutical Industries Ltd. | 1,725,342 | 18,663 | |
Bank Leumi Le-Israel BM | 2,710,113 | 14,602 | ||
Bank Hapoalim BM | 1,994,943 | 12,787 | ||
Israel Discount Bank Ltd. Class A | 2,163,978 | 7,021 | ||
Elbit Systems Ltd. | 44,769 | 6,069 | ||
Mizrahi Tefahot Bank Ltd. | 235,289 | 4,819 | ||
ICL Ltd. | 1,264,403 | 4,411 | ||
* | Azrieli Group Ltd. | 66,129 | 3,916 | |
* | Tower Semiconductor Ltd. | 193,311 | 3,787 | |
* | Bezeq The Israeli Telecommunication Corp. Ltd. | 3,743,744 | 2,671 | |
* | Mivne Real Estate KD Ltd. | 1,194,952 | 2,567 | |
First International Bank Of Israel Ltd. | 96,245 | 2,374 | ||
Alony Hetz Properties & Investments Ltd. | 190,416 | 2,292 | ||
Strauss Group Ltd. | 76,486 | 2,162 | ||
* | Airport City Ltd. | 130,397 | 1,978 | |
* | Paz Oil Co. Ltd. | 18,650 | 1,625 | |
Shikun & Binui Ltd. | 358,639 | 1,488 | ||
Amot Investments Ltd. | 251,470 | 1,412 | ||
* | Shapir Engineering and Industry Ltd. | 189,732 | 1,330 | |
* | Shufersal Ltd. | 204,199 | 1,310 | |
Harel Insurance Investments & Financial Services Ltd. | 200,671 | 1,292 | ||
Melisron Ltd. | 29,981 | 1,207 | ||
Gazit-Globe Ltd. | 155,402 | 1,151 | ||
* | Phoenix Holdings Ltd. | 214,039 | 1,126 | |
* | Israel Corp. Ltd. | 6,309 | 814 | |
Oil Refineries Ltd. | 2,571,477 | 711 | ||
* | Teva Pharmaceutical Industries Ltd. ADR | 65,509 | 704 | |
* | Fattal Holdings 1998 Ltd. | 7,532 | 516 | |
Delek Group Ltd. | 9,218 | 420 | ||
Migdal Insurance & Financial Holdings Ltd. | 528,473 | 338 | ||
124,263 | ||||
Italy (1.5%) | ||||
Enel SPA | 14,223,632 | 97,154 | ||
Eni SPA | 4,582,662 | 43,656 | ||
Intesa Sanpaolo SPA (Registered) | 27,345,481 | 42,700 | ||
* | Ferrari NV | 225,367 | 35,224 | |
Assicurazioni Generali SPA | 2,357,547 | 33,634 | ||
* | UniCredit SPA | 4,088,075 | 31,571 | |
Snam SPA | 4,173,151 | 18,720 | ||
Fiat Chrysler Automobiles NV | 2,010,104 | 17,436 | ||
Terna Rete Elettrica Nazionale SPA | 2,609,373 | 16,340 | ||
Atlantia SPA | 901,286 | 14,775 | ||
Moncler SPA | 352,889 | 13,271 | ||
* | FinecoBank Banca Fineco SPA | 1,112,324 | 12,393 | |
* | CNH Industrial NV | 1,810,242 | 11,323 |
30
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Exor NV | 189,582 | 10,339 | ||
Prysmian SPA | 457,265 | 8,628 | ||
Mediobanca Banca di Credito Finanziario SPA | 1,467,269 | 8,530 | ||
*,1 | Nexi SPA | 541,199 | 8,210 | |
* | Telecom Italia SPA (Registered) | 20,120,499 | 7,990 | |
* | Davide Campari-Milano SPA | 1,024,573 | 7,963 | |
Recordati SPA | 173,962 | 7,576 | ||
1 | Poste Italiane SPA | 835,376 | 7,107 | |
DiaSorin SPA | 40,502 | 6,907 | ||
1 | Infrastrutture Wireless Italiane SPA | 532,173 | 5,633 | |
Hera SPA | 1,480,378 | 5,480 | ||
Tenaris SA | 737,786 | 5,105 | ||
Italgas SPA | 900,252 | 5,044 | ||
Unione di Banche Italiane SPA | 1,752,294 | 5,023 | ||
Amplifon SPA | 214,660 | 4,914 | ||
Leonardo SPA | 701,232 | 4,843 | ||
Telecom Italia SPA (Bearer) | 10,435,664 | 4,162 | ||
A2A SpA | 2,791,746 | 3,806 | ||
* | Banco BPM SPA | 2,776,382 | 3,393 | |
Banca Mediolanum SPA | 521,763 | 3,188 | ||
1 | Pirelli & C SPA | 800,800 | 3,101 | |
UnipolSai Assicurazioni SPA | 1,081,170 | 2,650 | ||
* | Saipem SPA | 997,870 | 2,561 | |
Buzzi Unicem SPA | 125,937 | 2,471 | ||
Salvatore Ferragamo SPA | 120,546 | 1,497 | ||
*,^ | Mediaset SPA | 562,522 | 1,144 | |
Buzzi Unicem SPA Saving Shares | 62,106 | 649 | ||
526,111 | ||||
Japan (17.5%) | ||||
Toyota Motor Corp. | 4,501,291 | 278,301 | ||
Sony Corp. | 2,246,690 | 144,584 | ||
SoftBank Group Corp. | 2,962,536 | 126,982 | ||
Keyence Corp. | 329,316 | 117,570 | ||
Mitsubishi UFJ Financial Group Inc. | 22,831,259 | 92,238 | ||
Takeda Pharmaceutical Co. Ltd. | 2,541,679 | 91,657 | ||
KDDI Corp. | 3,126,764 | 90,565 | ||
Nintendo Co. Ltd. | 194,769 | 80,425 | ||
Shin-Etsu Chemical Co. Ltd. | 728,001 | 80,300 | ||
Daiichi Sankyo Co. Ltd. | 1,160,961 | 79,806 | ||
Honda Motor Co. Ltd. | 3,155,829 | 76,637 | ||
Recruit Holdings Co. Ltd. | 2,308,461 | 67,341 | ||
Kao Corp. | 858,779 | 66,226 | ||
Sumitomo Mitsui Financial Group Inc. | 2,376,330 | 62,491 | ||
Daikin Industries Ltd. | 484,971 | 62,237 | ||
NTT DOCOMO Inc. | 2,100,345 | 61,900 | ||
Hoya Corp. | 672,026 | 61,284 | ||
Murata Manufacturing Co. Ltd. | 1,039,995 | 58,601 | ||
Tokyo Electron Ltd. | 271,420 | 57,807 | ||
FANUC Corp. | 351,417 | 57,356 | ||
Tokio Marine Holdings Inc. | 1,204,541 | 56,512 | ||
Astellas Pharma Inc. | 3,400,478 | 56,241 | ||
Mizuho Financial Group Inc. | 46,476,958 | 54,119 | ||
Central Japan Railway Co. | 330,549 | 52,013 | ||
Nippon Telegraph & Telephone Corp. | 2,217,370 | 50,498 | ||
Hitachi Ltd. | 1,689,091 | 50,131 | ||
Nidec Corp. | 851,310 | 49,558 | ||
ITOCHU Corp. | 2,484,965 | 48,718 | ||
East Japan Railway Co. | 660,916 | 48,260 | ||
SMC Corp. | 104,838 | 47,389 | ||
Mitsubishi Corp. | 2,231,563 | 47,327 | ||
Chugai Pharmaceutical Co. Ltd. | 395,464 | 47,140 | ||
Seven & i Holdings Co. Ltd. | 1,409,719 | 46,686 | ||
Mitsubishi Electric Corp. | 3,616,200 | 44,496 | ||
Fast Retailing Co. Ltd. | 93,785 | 44,477 |
31
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Oriental Land Co. Ltd. | 344,076 | 43,507 | ||
Mitsui & Co. Ltd. | 3,098,533 | 43,250 | ||
Shiseido Co. Ltd. | 709,555 | 41,717 | ||
Japan Tobacco Inc. | 2,173,067 | 40,469 | ||
Softbank Corp. | 2,938,827 | 40,021 | ||
Terumo Corp. | 1,196,274 | 39,696 | ||
Canon Inc. | 1,854,288 | 39,005 | ||
Fujitsu Ltd. | 349,907 | 33,993 | ||
Mitsubishi Estate Co. Ltd. | 2,100,961 | 33,990 | ||
Eisai Co. Ltd. | 482,402 | 33,677 | ||
Bridgestone Corp. | 1,060,442 | 33,009 | ||
Komatsu Ltd. | 1,673,811 | 31,670 | ||
Mitsui Fudosan Co. Ltd. | 1,718,346 | 31,595 | ||
FUJIFILM Holdings Corp. | 661,205 | 31,495 | ||
Olympus Corp. | 1,928,076 | 30,593 | ||
Daiwa House Industry Co. Ltd. | 1,186,782 | 30,073 | ||
Otsuka Holdings Co. Ltd. | 764,216 | 30,037 | ||
Kyocera Corp. | 559,559 | 29,897 | ||
Panasonic Corp. | 3,900,370 | 29,733 | ||
Secom Co. Ltd. | 354,506 | 29,502 | ||
Denso Corp. | 833,599 | 29,302 | ||
Kirin Holdings Co. Ltd. | 1,447,906 | 27,942 | ||
Shionogi & Co. Ltd. | 502,743 | 27,765 | ||
M3 Inc. | 768,756 | 27,747 | ||
ORIX Corp. | 2,349,153 | 27,644 | ||
Suzuki Motor Corp. | 827,075 | 26,396 | ||
Unicharm Corp. | 707,657 | 26,080 | ||
Aeon Co. Ltd. | 1,276,486 | 25,698 | ||
MS&AD Insurance Group Holdings Inc. | 888,712 | 25,604 | ||
Kubota Corp. | 2,011,987 | 24,986 | ||
Dai-ichi Life Holdings Inc. | 1,976,411 | 24,769 | ||
Sysmex Corp. | 346,490 | 23,938 | ||
Asahi Group Holdings Ltd. | 695,886 | 23,928 | ||
Sumitomo Corp. | 2,059,945 | 23,303 | ||
Nomura Holdings Inc. | 5,529,223 | 22,944 | ||
Subaru Corp. | 1,121,638 | 22,449 | ||
Shimano Inc. | 143,262 | 21,110 | ||
Nitori Holdings Co. Ltd. | 135,443 | 20,760 | ||
West Japan Railway Co. | 333,371 | 20,602 | ||
Sompo Holdings Inc. | 623,467 | 20,222 | ||
Omron Corp. | 344,225 | 20,218 | ||
Toshiba Corp. | 808,721 | 20,055 | ||
Japan Post Holdings Co. Ltd. | 2,447,954 | 19,581 | ||
JXTG Holdings Inc. | 5,503,235 | 19,511 | ||
Sumitomo Mitsui Trust Holdings Inc. | 668,754 | 19,472 | ||
Sumitomo Realty & Development Co. Ltd. | 722,462 | 19,349 | ||
TDK Corp. | 218,254 | 18,815 | ||
Ono Pharmaceutical Co. Ltd. | 779,724 | 18,785 | ||
Obic Co. Ltd. | 122,211 | 18,339 | ||
Z Holdings Corp. | 4,751,801 | 18,339 | ||
Japan Exchange Group Inc. | 983,885 | 18,301 | ||
Sekisui House Ltd. | 1,058,861 | 18,164 | ||
Pan Pacific International Holdings Corp. | 929,688 | 18,012 | ||
Bandai Namco Holdings Inc. | 356,734 | 17,825 | ||
NEC Corp. | 457,186 | 17,544 | ||
Advantest Corp. | 358,812 | 17,410 | ||
Chubu Electric Power Co. Inc. | 1,282,597 | 17,346 | ||
MEIJI Holdings Co. Ltd. | 246,444 | 17,116 | ||
Tokyo Gas Co. Ltd. | 774,966 | 17,007 | ||
Nippon Paint Holdings Co. Ltd. | 281,769 | 16,285 | ||
Asahi Kasei Corp. | 2,280,029 | 16,176 | ||
Ajinomoto Co. Inc. | 897,180 | 15,979 | ||
Kintetsu Group Holdings Co. Ltd. | 328,594 | 15,697 | ||
Yaskawa Electric Corp. | 472,594 | 15,409 |
32
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Kikkoman Corp. | 333,748 | 15,336 | ||
Toyota Industries Corp. | 295,460 | 14,872 | ||
Makita Corp. | 447,024 | 14,556 | ||
Sumitomo Electric Industries Ltd. | 1,379,896 | 14,197 | ||
Nitto Denko Corp. | 282,854 | 14,130 | ||
Marubeni Corp. | 2,856,503 | 13,756 | ||
Hankyu Hanshin Holdings Inc. | 399,188 | 13,657 | ||
Kansai Electric Power Co. Inc. | 1,329,053 | 13,619 | ||
Tokyu Corp. | 902,122 | 13,579 | ||
Mitsubishi Heavy Industries Ltd. | 524,827 | 13,458 | ||
Osaka Gas Co. Ltd. | 721,554 | 13,437 | ||
Mitsubishi Chemical Holdings Corp. | 2,343,512 | 13,320 | ||
Yakult Honsha Co. Ltd. | 224,908 | 13,065 | ||
Toray Industries Inc. | 2,771,552 | 12,707 | ||
Tobu Railway Co. Ltd. | 369,732 | 12,541 | ||
Nippon Steel Corp. | 1,489,757 | 12,534 | ||
Resona Holdings Inc. | 4,012,275 | 12,530 | ||
Odakyu Electric Railway Co. Ltd. | 560,132 | 12,352 | ||
MINEBEA MITSUMI Inc. | 759,327 | 12,346 | ||
Daifuku Co. Ltd. | 175,749 | 12,299 | ||
Rakuten Inc. | 1,445,839 | 12,260 | ||
Shimadzu Corp. | 488,202 | 12,158 | ||
MISUMI Group Inc. | 510,067 | 12,116 | ||
Nissan Motor Co. Ltd. | 3,539,839 | 12,049 | ||
Nexon Co. Ltd. | 741,726 | 11,976 | ||
Keio Corp. | 211,420 | 11,960 | ||
NTT Data Corp. | 1,154,290 | 11,779 | ||
Yamaha Corp. | 290,335 | 11,719 | ||
Nomura Research Institute Ltd. | 471,800 | 11,550 | ||
Daiwa Securities Group Inc. | 2,770,167 | 11,520 | ||
Santen Pharmaceutical Co. Ltd. | 647,802 | 11,467 | ||
Taisei Corp. | 367,357 | 11,451 | ||
Yamato Holdings Co. Ltd. | 648,161 | 11,313 | ||
Daito Trust Construction Co. Ltd. | 118,277 | 11,246 | ||
Disco Corp. | 49,968 | 11,159 | ||
Dai Nippon Printing Co. Ltd. | 521,751 | 11,001 | ||
Trend Micro Inc. | 214,219 | 10,868 | ||
SG Holdings Co. Ltd. | 388,200 | 10,801 | ||
Obayashi Corp. | 1,234,115 | 10,787 | ||
Sumitomo Metal Mining Co. Ltd. | 432,185 | 10,771 | ||
Inpex Corp. | 1,664,878 | 10,747 | ||
Kyowa Kirin Co. Ltd. | 451,352 | 10,476 | ||
Nissin Foods Holdings Co. Ltd. | 126,595 | 10,407 | ||
Kobayashi Pharmaceutical Co. Ltd. | 112,100 | 10,391 | ||
Hamamatsu Photonics KK | 236,497 | 10,337 | ||
Nagoya Railroad Co. Ltd. | 354,501 | 10,144 | ||
Rohm Co. Ltd. | 155,354 | 9,822 | ||
Idemitsu Kosan Co. Ltd. | 429,046 | 9,749 | ||
Toyota Tsusho Corp. | 409,214 | 9,741 | ||
Lion Corp. | 460,189 | 9,674 | ||
* | Tokyo Electric Power Co. Holdings Inc. | 2,864,849 | 9,644 | |
Nissan Chemical Corp. | 246,555 | 9,460 | ||
TOTO Ltd. | 263,726 | 9,180 | ||
Aisin Seiki Co. Ltd. | 314,878 | 9,068 | ||
Asahi Intecc Co. Ltd. | 340,184 | 9,012 | ||
Lasertec Corp. | 134,700 | 8,909 | ||
Tsuruha Holdings Inc. | 66,063 | 8,858 | ||
Takeda Pharmaceutical Co. Ltd. ADR | 484,083 | 8,684 | ||
Suntory Beverage & Food Ltd. | 230,568 | 8,683 | ||
T&D Holdings Inc. | 996,938 | 8,617 | ||
Kajima Corp. | 827,924 | 8,603 | ||
Ricoh Co. Ltd. | 1,242,579 | 8,470 | ||
Otsuka Corp. | 185,970 | 8,420 | ||
Sumitomo Chemical Co. Ltd. | 2,741,605 | 8,409 |
33
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
AGC Inc. | 336,872 | 8,307 | ||
TIS Inc. | 432,218 | 8,242 | ||
Dentsu Group Inc. | 392,995 | 8,207 | ||
Oji Holdings Corp. | 1,605,303 | 8,151 | ||
Tohoku Electric Power Co. Inc. | 864,131 | 8,133 | ||
Sekisui Chemical Co. Ltd. | 641,389 | 8,129 | ||
Toho Gas Co. Ltd. | 163,712 | 8,044 | ||
Keihan Holdings Co. Ltd. | 178,913 | 8,041 | ||
Toyo Suisan Kaisha Ltd. | 164,611 | 7,916 | ||
Koito Manufacturing Co. Ltd. | 209,328 | 7,885 | ||
Shimizu Corp. | 1,022,196 | 7,851 | ||
Hikari Tsushin Inc. | 40,223 | 7,784 | ||
Kyushu Railway Co. | 288,108 | 7,751 | ||
Hitachi Chemical Co. Ltd. | 180,149 | 7,728 | ||
Toppan Printing Co. Ltd. | 518,706 | 7,705 | ||
SBI Holdings Inc. | 412,491 | 7,704 | ||
Keisei Electric Railway Co. Ltd. | 253,982 | 7,661 | ||
Nihon M&A Center Inc. | 234,772 | 7,659 | ||
Keikyu Corp. | 455,374 | 7,484 | ||
Miura Co. Ltd. | 178,718 | 7,374 | ||
CyberAgent Inc. | 175,540 | 7,370 | ||
Nisshin Seifun Group Inc. | 471,724 | 7,330 | ||
Brother Industries Ltd. | 431,747 | 7,317 | ||
Hoshizaki Corp. | 95,613 | 7,286 | ||
Chugoku Electric Power Co. Inc. | 534,279 | 7,189 | ||
FamilyMart Co. Ltd. | 421,832 | 7,153 | ||
Pigeon Corp. | 199,198 | 7,093 | ||
Isuzu Motors Ltd. | 927,931 | 7,052 | ||
Japan Post Bank Co. Ltd. | 753,925 | 7,000 | ||
Toho Co. Ltd. | 209,186 | 6,850 | ||
MonotaRO Co. Ltd. | 212,564 | 6,830 | ||
Yamada Denki Co. Ltd. | 1,428,463 | 6,774 | ||
* | Renesas Electronics Corp. | 1,281,700 | 6,768 | |
Kansai Paint Co. Ltd. | 353,126 | 6,707 | ||
Kyushu Electric Power Co. Inc. | 846,096 | 6,704 | ||
Hirose Electric Co. Ltd. | 60,931 | 6,690 | ||
Welcia Holdings Co. Ltd. | 90,914 | 6,600 | ||
Kose Corp. | 52,495 | 6,563 | ||
Nippon Shinyaku Co. Ltd. | 92,934 | 6,526 | ||
Yamaha Motor Co. Ltd. | 507,186 | 6,525 | ||
Hulic Co. Ltd. | 654,547 | 6,473 | ||
GMO Payment Gateway Inc. | 72,593 | 6,472 | ||
NH Foods Ltd. | 182,267 | 6,470 | ||
Nippon Express Co. Ltd. | 130,868 | 6,392 | ||
Alfresa Holdings Corp. | 319,266 | 6,367 | ||
Tosoh Corp. | 519,266 | 6,346 | ||
Mitsui Chemicals Inc. | 320,013 | 6,283 | ||
Concordia Financial Group Ltd. | 2,049,375 | 6,279 | ||
Kuraray Co. Ltd. | 627,410 | 6,276 | ||
NGK Insulators Ltd. | 479,177 | 6,269 | ||
JFE Holdings Inc. | 941,193 | 6,246 | ||
Azbil Corp. | 235,948 | 6,205 | ||
Taiyo Yuden Co. Ltd. | 221,663 | 6,181 | ||
Marui Group Co. Ltd. | 376,158 | 6,157 | ||
JSR Corp. | 327,061 | 6,152 | ||
Electric Power Development Co. Ltd. | 306,734 | 6,139 | ||
USS Co. Ltd. | 384,496 | 6,088 | ||
Nabtesco Corp. | 212,491 | 6,081 | ||
Stanley Electric Co. Ltd. | 266,576 | 6,074 | ||
Casio Computer Co. Ltd. | 384,802 | 6,073 | ||
Yokogawa Electric Corp. | 445,448 | 6,072 | ||
Oracle Corp. Japan | 58,908 | 6,064 | ||
Hisamitsu Pharmaceutical Co. Inc. | 128,088 | 6,035 | ||
Sohgo Security Services Co. Ltd. | 123,789 | 5,905 |
34
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Mazda Motor Corp. | 1,042,742 | 5,895 | ||
SUMCO Corp. | 412,266 | 5,869 | ||
Square Enix Holdings Co. Ltd. | 141,853 | 5,814 | ||
Nikon Corp. | 621,701 | 5,783 | ||
Ito En Ltd. | 104,020 | 5,779 | ||
LIXIL Group Corp. | 480,958 | 5,769 | ||
Showa Denko KK | 261,075 | 5,714 | ||
* | PeptiDream Inc. | 152,960 | 5,705 | |
Seiko Epson Corp. | 501,973 | 5,700 | ||
NSK Ltd. | 812,276 | 5,622 | ||
COMSYS Holdings Corp. | 204,172 | 5,614 | ||
Kurita Water Industries Ltd. | 201,135 | 5,611 | ||
Shizuoka Bank Ltd. | 920,084 | 5,586 | ||
Fuji Electric Co. Ltd. | 230,314 | 5,494 | ||
Haseko Corp. | 503,092 | 5,462 | ||
Konami Holdings Corp. | 172,731 | 5,424 | ||
Tokyu Fudosan Holdings Corp. | 1,104,937 | 5,406 | ||
NGK Spark Plug Co. Ltd. | 359,137 | 5,377 | ||
Itochu Techno-Solutions Corp. | 175,484 | 5,362 | ||
Teijin Ltd. | 333,710 | 5,322 | ||
Sony Financial Holdings Inc. | 280,588 | 5,319 | ||
Sojitz Corp. | 2,266,860 | 5,246 | ||
MediPal Holdings Corp. | 271,907 | 5,245 | ||
Suzuken Co. Ltd. | 135,357 | 5,216 | ||
Chiba Bank Ltd. | 1,118,153 | 5,188 | ||
Amada Co. Ltd. | 573,357 | 5,183 | ||
Skylark Holdings Co. Ltd. | 349,403 | 5,165 | ||
Rohto Pharmaceutical Co. Ltd. | 175,892 | 5,118 | ||
Ryohin Keikaku Co. Ltd. | 429,840 | 5,116 | ||
Capcom Co. Ltd. | 165,146 | 5,062 | ||
Rinnai Corp. | 66,522 | 5,039 | ||
^ | Anritsu Corp. | 247,400 | 5,036 | |
Ibiden Co. Ltd. | 195,072 | 4,986 | ||
THK Co. Ltd. | 207,224 | 4,954 | ||
Taisho Pharmaceutical Holdings Co. Ltd. | 77,954 | 4,870 | ||
Nichirei Corp. | 194,126 | 4,856 | ||
Nihon Kohden Corp. | 134,950 | 4,827 | ||
Matsumotokiyoshi Holdings Co. Ltd. | 140,048 | 4,820 | ||
Hakuhodo DY Holdings Inc. | 434,843 | 4,817 | ||
Kakaku.com Inc. | 234,037 | 4,776 | ||
Seibu Holdings Inc. | 393,131 | 4,716 | ||
* | LINE Corp. | 95,369 | 4,665 | |
Mitsubishi Materials Corp. | 227,604 | 4,662 | ||
Bank of Kyoto Ltd. | 132,886 | 4,548 | ||
Kyowa Exeo Corp. | 186,600 | 4,546 | ||
Coca-Cola Bottlers Japan Holdings Inc. | 252,962 | 4,529 | ||
Lawson Inc. | 87,135 | 4,529 | ||
Hitachi Construction Machinery Co. Ltd. | 192,732 | 4,522 | ||
Nankai Electric Railway Co. Ltd. | 201,640 | 4,501 | ||
Air Water Inc. | 332,518 | 4,483 | ||
Sega Sammy Holdings Inc. | 362,063 | 4,386 | ||
ANA Holdings Inc. | 205,894 | 4,375 | ||
Sumitomo Heavy Industries Ltd. | 207,190 | 4,366 | ||
Japan Post Insurance Co. Ltd. | 341,485 | 4,363 | ||
NET One Systems Co. Ltd. | 150,500 | 4,339 | ||
Taiheiyo Cement Corp. | 219,806 | 4,315 | ||
Cosmos Pharmaceutical Corp. | 15,921 | 4,262 | ||
Fukuoka Financial Group Inc. | 296,898 | 4,242 | ||
House Foods Group Inc. | 134,307 | 4,230 | ||
Sumitomo Dainippon Pharma Co. Ltd. | 305,089 | 4,221 | ||
Ezaki Glico Co. Ltd. | 95,023 | 4,173 | ||
Calbee Inc. | 137,052 | 4,147 | ||
Shinsei Bank Ltd. | 342,762 | 4,135 | ||
NOF Corp. | 124,600 | 4,129 |
35
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Yamazaki Baking Co. Ltd. | 232,244 | 4,107 | ||
Relo Group Inc. | 189,580 | 4,107 | ||
Sundrug Co. Ltd. | 119,796 | 4,102 | ||
Daicel Corp. | 501,585 | 4,072 | ||
Mitsubishi Gas Chemical Co. Inc. | 331,809 | 4,065 | ||
Tokyo Tatemono Co. Ltd. | 359,816 | 4,047 | ||
Taiyo Nippon Sanso Corp. | 260,674 | 4,043 | ||
Kawasaki Heavy Industries Ltd. | 265,000 | 4,004 | ||
Kewpie Corp. | 197,269 | 3,917 | ||
Sugi Holdings Co. Ltd. | 64,416 | 3,884 | ||
Sawai Pharmaceutical Co. Ltd. | 71,028 | 3,878 | ||
Kinden Corp. | 240,198 | 3,865 | ||
Nippon Yusen KK | 292,112 | 3,845 | ||
Ebara Corp. | 174,226 | 3,841 | ||
Mebuki Financial Group Inc. | 1,823,300 | 3,830 | ||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 798,291 | 3,812 | ||
Aozora Bank Ltd. | 213,922 | 3,807 | ||
Isetan Mitsukoshi Holdings Ltd. | 624,957 | 3,802 | ||
JGC Holdings Corp. | 392,393 | 3,789 | ||
Alps Alpine Co. Ltd. | 366,692 | 3,782 | ||
Denka Co. Ltd. | 156,059 | 3,770 | ||
Justsystems Corp. | 61,600 | 3,767 | ||
Kagome Co. Ltd. | 145,828 | 3,724 | ||
Japan Airlines Co. Ltd. | 208,638 | 3,722 | ||
TechnoPro Holdings Inc. | 65,200 | 3,714 | ||
Sotetsu Holdings Inc. | 144,592 | 3,707 | ||
J Front Retailing Co. Ltd. | 451,637 | 3,684 | ||
Benesse Holdings Inc. | 126,341 | 3,598 | ||
Horiba Ltd. | 67,837 | 3,590 | ||
K's Holdings Corp. | 325,722 | 3,549 | ||
Hitachi Metals Ltd. | 361,219 | 3,481 | ||
Goldwin Inc. | 64,600 | 3,478 | ||
Persol Holdings Co. Ltd. | 301,080 | 3,463 | ||
Sankyu Inc. | 90,100 | 3,462 | ||
DIC Corp. | 148,577 | 3,450 | ||
Zensho Holdings Co. Ltd. | 175,188 | 3,448 | ||
Mitsui OSK Lines Ltd. | 197,622 | 3,428 | ||
Iida Group Holdings Co. Ltd. | 257,607 | 3,422 | ||
SCSK Corp. | 74,991 | 3,395 | ||
Japan Airport Terminal Co. Ltd. | 83,437 | 3,384 | ||
Nihon Unisys Ltd. | 116,300 | 3,364 | ||
Nishi-Nippon Railroad Co. Ltd. | 137,113 | 3,356 | ||
Nomura Real Estate Holdings Inc. | 205,912 | 3,348 | ||
Seino Holdings Co. Ltd. | 281,002 | 3,345 | ||
Kaken Pharmaceutical Co. Ltd. | 60,665 | 3,339 | ||
SCREEN Holdings Co. Ltd. | 69,071 | 3,336 | ||
SHO-BOND Holdings Co. Ltd. | 83,100 | 3,335 | ||
Tsumura & Co. | 118,291 | 3,272 | ||
Kamigumi Co. Ltd. | 184,584 | 3,250 | ||
Credit Saison Co. Ltd. | 285,553 | 3,243 | ||
Mitsubishi Motors Corp. | 1,144,133 | 3,242 | ||
Sumitomo Rubber Industries Ltd. | 332,985 | 3,232 | ||
Ship Healthcare Holdings Inc. | 71,100 | 3,216 | ||
Seven Bank Ltd. | 1,178,939 | 3,196 | ||
FP Corp. | 42,023 | 3,170 | ||
Konica Minolta Inc. | 817,625 | 3,164 | ||
Sharp Corp. | 285,267 | 3,140 | ||
Ube Industries Ltd. | 186,598 | 3,129 | ||
PALTAC Corp. | 59,000 | 3,081 | ||
Park24 Co. Ltd. | 196,056 | 3,078 | ||
JTEKT Corp. | 417,102 | 3,056 | ||
Nifco Inc. | 157,158 | 3,035 | ||
Morinaga & Co. Ltd. | 73,200 | 3,008 | ||
Rengo Co. Ltd. | 383,588 | 2,988 |
36
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Asics Corp. | 314,635 | 2,984 | ||
Sumitomo Forestry Co. Ltd. | 240,857 | 2,976 | ||
Fancl Corp. | 123,700 | 2,966 | ||
Nippon Kayaku Co. Ltd. | 305,877 | 2,959 | ||
Tokai Carbon Co. Ltd. | 357,700 | 2,958 | ||
Hino Motors Ltd. | 492,485 | 2,930 | ||
Tokyo Century Corp. | 85,483 | 2,922 | ||
Hachijuni Bank Ltd. | 814,758 | 2,909 | ||
Kyushu Financial Group Inc. | 687,230 | 2,899 | ||
ZOZO Inc. | 178,837 | 2,886 | ||
Chugoku Bank Ltd. | 312,063 | 2,874 | ||
Mabuchi Motor Co. Ltd. | 92,608 | 2,868 | ||
* | Ain Holdings Inc. | 50,198 | 2,816 | |
Sanwa Holdings Corp. | 362,607 | 2,814 | ||
IHI Corp. | 226,387 | 2,806 | ||
Morinaga Milk Industry Co. Ltd. | 72,300 | 2,802 | ||
Toyo Seikan Group Holdings Ltd. | 275,765 | 2,798 | ||
Aica Kogyo Co. Ltd. | 96,600 | 2,784 | ||
Sushiro Global Holdings Ltd. | 180,200 | 2,779 | ||
Acom Co. Ltd. | 685,972 | 2,771 | ||
Koei Tecmo Holdings Co. Ltd. | 104,760 | 2,756 | ||
Aeon Mall Co. Ltd. | 218,943 | 2,752 | ||
Nippon Shokubai Co. Ltd. | 57,726 | 2,726 | ||
Kaneka Corp. | 104,835 | 2,712 | ||
Mitsubishi Logistics Corp. | 122,393 | 2,702 | ||
Iyo Bank Ltd. | 502,741 | 2,693 | ||
Zenkoku Hosho Co. Ltd. | 91,554 | 2,668 | ||
TS Tech Co. Ltd. | 96,138 | 2,607 | ||
Penta-Ocean Construction Co. Ltd. | 514,600 | 2,600 | ||
Tokuyama Corp. | 121,800 | 2,570 | ||
Toyoda Gosei Co. Ltd. | 136,657 | 2,545 | ||
Nippon Paper Industries Co. Ltd. | 177,544 | 2,535 | ||
Maruichi Steel Tube Ltd. | 112,008 | 2,519 | ||
Amano Corp. | 120,100 | 2,466 | ||
Shimamura Co. Ltd. | 39,075 | 2,464 | ||
Mani Inc. | 110,500 | 2,461 | ||
ABC-Mart Inc. | 48,286 | 2,454 | ||
Yokohama Rubber Co. Ltd. | 192,836 | 2,453 | ||
Toda Corp. | 421,408 | 2,448 | ||
NOK Corp. | 209,933 | 2,445 | ||
GMO internet Inc. | 112,300 | 2,444 | ||
Pola Orbis Holdings Inc. | 136,912 | 2,443 | ||
Nagase & Co. Ltd. | 201,969 | 2,429 | ||
Gunma Bank Ltd. | 758,751 | 2,429 | ||
Bic Camera Inc. | 261,152 | 2,418 | ||
Nipro Corp. | 215,302 | 2,408 | ||
DeNA Co. Ltd. | 195,407 | 2,405 | ||
Yaoko Co. Ltd. | 38,700 | 2,399 | ||
Ulvac Inc. | 86,800 | 2,392 | ||
Takara Holdings Inc. | 322,962 | 2,377 | ||
Miraca Holdings Inc. | 94,316 | 2,362 | ||
JCR Pharmaceuticals Co. Ltd. | 24,500 | 2,347 | ||
Takashimaya Co. Ltd. | 258,112 | 2,333 | ||
Zeon Corp. | 265,160 | 2,323 | ||
Open House Co. Ltd. | 106,500 | 2,322 | ||
Yamaguchi Financial Group Inc. | 425,300 | 2,292 | ||
Hiroshima Bank Ltd. | 544,121 | 2,261 | ||
Dowa Holdings Co. Ltd. | 81,651 | 2,258 | ||
Daiichikosho Co. Ltd. | 74,996 | 2,251 | ||
AEON Financial Service Co. Ltd. | 216,373 | 2,250 | ||
Sankyo Co. Ltd. | 81,882 | 2,248 | ||
Kusuri no Aoki Holdings Co. Ltd. | 28,412 | 2,235 | ||
Ushio Inc. | 209,980 | 2,214 | ||
Pilot Corp. | 66,070 | 2,214 |
37
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Shikoku Electric Power Co. Inc. | 282,553 | 2,184 | ||
Glory Ltd. | 96,318 | 2,165 | ||
Sapporo Holdings Ltd. | 113,131 | 2,154 | ||
Sumitomo Osaka Cement Co. Ltd. | 65,720 | 2,139 | ||
Shiga Bank Ltd. | 89,590 | 2,110 | ||
Nippo Corp. | 93,759 | 2,109 | ||
Hokuriku Electric Power Co. | 311,840 | 2,102 | ||
Wacoal Holdings Corp. | 103,924 | 2,096 | ||
Toyo Tire Corp. | 178,187 | 2,086 | ||
Daido Steel Co. Ltd. | 63,148 | 2,086 | ||
Izumi Co. Ltd. | 70,982 | 2,078 | ||
Nippon Electric Glass Co. Ltd. | 142,485 | 2,076 | ||
OKUMA Corp. | 54,872 | 2,069 | ||
Fukuyama Transporting Co. Ltd. | 59,616 | 2,066 | ||
Furukawa Electric Co. Ltd. | 109,026 | 2,052 | ||
Kyudenko Corp. | 72,061 | 2,020 | ||
Fuji Oil Holdings Inc. | 86,500 | 2,018 | ||
SMS Co. Ltd. | 90,600 | 1,975 | ||
Lintec Corp. | 91,899 | 1,972 | ||
Shochiku Co. Ltd. | 18,034 | 1,966 | ||
NHK Spring Co. Ltd. | 296,548 | 1,962 | ||
GS Yuasa Corp. | 137,582 | 1,955 | ||
Maeda Corp. | 243,100 | 1,950 | ||
Ariake Japan Co. Ltd. | 33,085 | 1,908 | ||
Hitachi Transport System Ltd. | 78,298 | 1,900 | ||
Benefit One Inc. | 108,200 | 1,900 | ||
Hokuhoku Financial Group Inc. | 232,630 | 1,890 | ||
Mochida Pharmaceutical Co. Ltd. | 47,944 | 1,876 | ||
Kokuyo Co. Ltd. | 152,000 | 1,858 | ||
Toyobo Co. Ltd. | 156,224 | 1,820 | ||
Cosmo Energy Holdings Co. Ltd. | 120,743 | 1,814 | ||
DMG Mori Co. Ltd. | 177,334 | 1,813 | ||
OSG Corp. | 139,326 | 1,810 | ||
Takara Bio Inc. | 80,900 | 1,805 | ||
Kobe Bussan Co. Ltd. | 37,200 | 1,797 | ||
Mitsui Mining & Smelting Co. Ltd. | 94,900 | 1,771 | ||
Daishi Hokuetsu Financial Group Inc. | 81,319 | 1,767 | ||
77 Bank Ltd. | 132,405 | 1,766 | ||
Heiwa Corp. | 102,715 | 1,730 | ||
Citizen Watch Co. Ltd. | 486,726 | 1,718 | ||
* | Kobe Steel Ltd. | 511,618 | 1,711 | |
Nisshinbo Holdings Inc. | 244,666 | 1,706 | ||
Megmilk Snow Brand Co. Ltd. | 74,369 | 1,697 | ||
Fuyo General Lease Co. Ltd. | 33,600 | 1,680 | ||
Nishi-Nippon Financial Holdings Inc. | 283,276 | 1,653 | ||
Fujitsu General Ltd. | 99,430 | 1,646 | ||
Tadano Ltd. | 212,524 | 1,621 | ||
Canon Marketing Japan Inc. | 83,756 | 1,612 | ||
Kandenko Co. Ltd. | 189,728 | 1,588 | ||
Sanrio Co. Ltd. | 104,650 | 1,554 | ||
Topcon Corp. | 183,646 | 1,508 | ||
Hitachi Capital Corp. | 77,499 | 1,499 | ||
Sumitomo Bakelite Co. Ltd. | 57,500 | 1,485 | ||
Itoham Yonekyu Holdings Inc. | 253,190 | 1,469 | ||
Matsui Securities Co. Ltd. | 197,360 | 1,441 | ||
Japan Steel Works Ltd. | 116,750 | 1,433 | ||
NS Solutions Corp. | 56,421 | 1,425 | ||
Maruha Nichiro Corp. | 68,100 | 1,425 | ||
Toshiba TEC Corp. | 43,700 | 1,423 | ||
Fujikura Ltd. | 473,796 | 1,393 | ||
Toyota Boshoku Corp. | 111,125 | 1,387 | ||
NTN Corp. | 722,841 | 1,386 | ||
* | Kawasaki Kisen Kaisha Ltd. | 140,382 | 1,381 | |
Fuji Seal International Inc. | 75,600 | 1,312 |
38
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Noevir Holdings Co. Ltd. | 27,400 | 1,284 | ||
Kotobuki Spirits Co. Ltd. | 32,600 | 1,273 | ||
Kissei Pharmaceutical Co. Ltd. | 53,628 | 1,272 | ||
Maeda Road Construction Co. Ltd. | 68,597 | 1,270 | ||
Autobacs Seven Co. Ltd. | 106,395 | 1,242 | ||
Yamato Kogyo Co. Ltd. | 62,999 | 1,236 | ||
Resorttrust Inc. | 117,326 | 1,203 | ||
H2O Retailing Corp. | 152,402 | 1,195 | ||
Orient Corp. | 1,023,987 | 1,171 | ||
Tokai Rika Co. Ltd. | 90,679 | 1,155 | ||
OBIC Business Consultants Co. Ltd. | 25,684 | 1,148 | ||
Kansai Mirai Financial Group Inc. | 319,600 | 1,075 | ||
GungHo Online Entertainment Inc. | 67,635 | 1,049 | ||
ASKUL Corp. | 35,369 | 1,010 | ||
Tokyo Broadcasting System Holdings Inc. | 65,179 | 1,008 | ||
Kyoritsu Maintenance Co. Ltd. | 41,700 | 1,006 | ||
Japan Aviation Electronics Industry Ltd. | 76,747 | 996 | ||
Japan Petroleum Exploration Co. Ltd. | 55,958 | 962 | ||
Ichigo Inc. | 367,916 | 942 | ||
Fuji Media Holdings Inc. | 90,000 | 894 | ||
Nissan Shatai Co. Ltd. | 108,147 | 866 | ||
SKY Perfect JSAT Holdings Inc. | 209,772 | 789 | ||
HIS Co. Ltd. | 59,788 | 787 | ||
Mitsubishi Shokuhin Co. Ltd. | 24,208 | 611 | ||
Nippon Television Holdings Inc. | 49,000 | 547 | ||
TV Asahi Holdings Corp. | 36,641 | 544 | ||
Nippon Prologis REIT Inc. | 136 | 377 | ||
Daiwa House REIT Investment Corp. | 131 | 317 | ||
Industrial & Infrastructure Fund Investment Corp. | 199 | 277 | ||
6,200,349 | ||||
Kuwait (0.2%) | ||||
National Bank of Kuwait SAKP | 11,653,095 | 27,942 | ||
Kuwait Finance House KSCP | 7,129,586 | 13,665 | ||
Mobile Telecommunications Co. KSC | 3,816,102 | 6,521 | ||
Ahli United Bank BSC | 9,098,668 | 5,744 | ||
* | Agility Public Warehousing Co. KSC | 1,679,364 | 3,476 | |
Boubyan Bank KSCP | 1,709,535 | 2,751 | ||
Gulf Bank KSCP | 3,158,159 | 2,203 | ||
* | Mabanee Co. SAK | 874,640 | 1,784 | |
* | Humansoft Holding Co. KSC | 189,038 | 1,744 | |
Boubyan Petrochemicals Co. KSCP | 695,924 | 1,127 | ||
Burgan Bank SAK | 1,310,531 | 880 | ||
67,837 | ||||
Luxembourg (0.0%) | ||||
Tenaris SA ADR | 57,190 | 782 | ||
Malaysia (0.6%) | ||||
Public Bank Bhd. (Local) | 5,683,219 | 21,599 | ||
Tenaga Nasional Bhd. | 7,145,100 | 20,231 | ||
Malayan Banking Bhd. | 11,005,500 | 19,315 | ||
CIMB Group Holdings Bhd. | 12,790,073 | 10,227 | ||
Sime Darby Plantation Bhd. | 6,495,705 | 7,455 | ||
Axiata Group Bhd. | 8,155,324 | 7,436 | ||
DiGi.Com Bhd. | 6,676,266 | 7,171 | ||
Petronas Chemicals Group Bhd. | 5,144,668 | 6,659 | ||
IHH Healthcare Bhd. | 5,418,700 | 6,594 | ||
Dialog Group Bhd. | 8,381,900 | 6,471 | ||
Maxis Bhd. | 4,981,500 | 6,329 | ||
IOI Corp. Bhd. | 5,887,265 | 5,543 | ||
Top Glove Corp. Bhd. | 3,081,100 | 5,193 | ||
MISC Bhd. | 2,622,423 | 4,782 | ||
PPB Group Bhd. | 1,228,960 | 4,685 | ||
Hartalega Holdings Bhd. | 2,638,600 | 4,661 | ||
Petronas Gas Bhd. | 1,199,850 | 4,286 |
39
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Kuala Lumpur Kepong Bhd. | 863,300 | 4,195 | ||
Genting Bhd. | 4,050,900 | 3,918 | ||
Nestle Malaysia Bhd. | 115,400 | 3,756 | ||
Hong Leong Bank Bhd. | 1,155,900 | 3,566 | ||
Press Metal Aluminium Holdings Bhd. | 3,502,600 | 3,189 | ||
RHB Bank Bhd. | 2,825,800 | 3,110 | ||
Petronas Dagangan Bhd. | 651,800 | 3,075 | ||
Gamuda Bhd. | 3,980,000 | 2,967 | ||
Sime Darby Bhd. | 6,314,005 | 2,925 | ||
Genting Malaysia Bhd. | 5,279,600 | 2,902 | ||
QL Resources Bhd. | 1,286,600 | 2,433 | ||
AMMB Holdings Bhd. | 3,464,800 | 2,393 | ||
IJM Corp. Bhd. | 5,805,440 | 2,232 | ||
HAP Seng Consolidated Bhd. | 1,220,900 | 2,082 | ||
Malaysia Airports Holdings Bhd. | 1,650,400 | 2,007 | ||
Telekom Malaysia Bhd. | 1,976,100 | 1,844 | ||
Westports Holdings Bhd. | 1,912,696 | 1,633 | ||
YTL Corp. Bhd. | 8,005,266 | 1,418 | ||
Fraser & Neave Holdings Bhd. | 184,700 | 1,358 | ||
Hong Leong Financial Group Bhd. | 411,035 | 1,252 | ||
Sime Darby Property Bhd. | 6,255,305 | 942 | ||
Alliance Bank Malaysia Bhd. | 1,961,000 | 886 | ||
IOI Properties Group Bhd. | 3,424,000 | 808 | ||
British American Tobacco Malaysia Bhd. | 248,700 | 728 | ||
* | FGV Holdings Bhd. | 3,687,100 | 723 | |
1 | Astro Malaysia Holdings Bhd. | 2,650,368 | 580 | |
AirAsia Group Bhd. | 2,772,300 | 521 | ||
* | UEM Sunrise Bhd. | 2,761,900 | 273 | |
*,§ | RHB CAPITAL Bhd. | 1,187,500 | — | |
206,353 | ||||
Malta (0.0%) | ||||
*,§ | BGP Holdings plc Rts | 3,738,510 | — | |
Mexico (0.5%) | ||||
America Movil SAB de CV | 50,184,264 | 30,401 | ||
Fomento Economico Mexicano SAB de CV | 3,838,912 | 24,812 | ||
Wal-Mart de Mexico SAB de CV | 9,447,761 | 22,725 | ||
Grupo Financiero Banorte SAB de CV | 5,153,866 | 14,094 | ||
Grupo Mexico SAB de CV Class B | 6,552,936 | 13,975 | ||
Grupo Elektra SAB DE CV | 118,537 | 6,812 | ||
Grupo Bimbo SAB de CV Class A | 4,315,702 | 6,373 | ||
Fibra Uno Administracion SA de CV | 5,541,898 | 4,546 | ||
Grupo Televisa SAB | 3,937,806 | 4,184 | ||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 644,963 | 4,030 | ||
Coca-Cola Femsa SAB de CV | 944,446 | 3,805 | ||
Gruma SAB de CV Class B | 372,950 | 3,540 | ||
Cemex SAB de CV ADR | 1,475,801 | 3,129 | ||
Grupo Aeroportuario del Sureste SAB de CV Class B | 301,047 | 3,015 | ||
Infraestructura Energetica Nova SAB de CV | 965,560 | 2,994 | ||
* | Promotora y Operadora de Infraestructura SAB de CV | 393,152 | 2,731 | |
* | Arca Continental SAB de CV | 707,290 | 2,724 | |
Cemex SAB de CV | 12,875,682 | 2,709 | ||
Grupo Financiero Inbursa SAB de CV | 4,146,229 | 2,495 | ||
Alfa SAB de CV Class A | 5,605,835 | 2,293 | ||
Orbia Advance Corp. SAB de CV | 1,855,998 | 2,190 | ||
Kimberly-Clark de Mexico SAB de CV Class A | 1,544,851 | 2,182 | ||
Grupo Aeroportuario del Centro Norte SAB de CV | 591,376 | 2,154 | ||
Industrias Penoles SAB de CV | 222,601 | 1,719 | ||
Grupo Carso SAB de CV | 854,285 | 1,710 | ||
Becle SAB de CV | 1,018,100 | 1,562 | ||
* | Telesites SAB de CV | 2,350,283 | 1,546 | |
Megacable Holdings SAB de CV | 533,229 | 1,329 | ||
* | Regional SAB de CV | 413,620 | 1,014 | |
1 | Banco del Bajio SA | 1,240,600 | 978 |
40
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
El Puerto de Liverpool SAB de CV | 359,508 | 906 | ||
Industrias Bachoco SAB de CV Class B | 308,188 | 894 | ||
* | Alsea SAB de CV | 891,510 | 735 | |
1 | GMexico Transportes SAB de CV | 736,900 | 680 | |
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 1,010,200 | 563 | ||
Grupo Lala SAB de CV | 1,144,548 | 539 | ||
Alpek SAB de CV | 617,867 | 294 | ||
Concentradora Fibra Danhos SA de CV | 378,573 | 292 | ||
* | Promotora y Operadora de Infraestructura SAB de CV Class L | 4,991 | 25 | |
182,699 | ||||
Netherlands (2.7%) | ||||
ASML Holding NV | 731,894 | 213,776 | ||
Unilever NV | 2,503,087 | 124,653 | ||
Koninklijke Philips NV | 1,632,369 | 71,159 | ||
* | Prosus NV | 791,860 | 59,870 | |
Koninklijke Ahold Delhaize NV | 1,994,066 | 48,417 | ||
*,1 | Adyen NV | 48,427 | 47,875 | |
ING Groep NV | 7,134,895 | 39,975 | ||
Koninklijke DSM NV | 322,582 | 39,536 | ||
^ | Heineken NV | 433,174 | 36,869 | |
Wolters Kluwer NV | 484,720 | 35,701 | ||
Relx NV | 1,494,869 | 34,018 | ||
^ | Akzo Nobel NV | 358,512 | 27,208 | |
* | Galapagos NV | 90,350 | 19,961 | |
NN Group NV | 600,852 | 17,381 | ||
^ | Heineken Holding NV | 194,505 | 15,155 | |
Unibail-Rodamco-Westfield | 246,705 | 14,608 | ||
^ | Koninklijke KPN NV | 6,064,433 | 13,969 | |
ArcelorMittal SA | 1,098,277 | 11,997 | ||
ASM International NV | 87,498 | 9,674 | ||
Aegon NV | 3,231,206 | 8,358 | ||
Randstad NV | 202,424 | 8,147 | ||
*,^ | Koninklijke Vopak NV | 121,671 | 6,999 | |
ASR Nederland NV | 254,215 | 6,813 | ||
1 | ABN AMRO Bank NV | 752,017 | 5,783 | |
*,1 | Just Eat Takeaway.com NV | 54,946 | 5,648 | |
* | Aalberts NV | 175,966 | 4,955 | |
1 | Signify NV | 228,962 | 4,661 | |
* | Altice Europe NV Class B | 978,079 | 3,916 | |
Boskalis Westminster | 148,807 | 2,580 | ||
*,1 | GrandVision NV | 89,081 | 2,370 | |
* | Oci NV | 172,187 | 2,079 | |
Altice Europe NV | 60,748 | 242 | ||
944,353 | ||||
New Zealand (0.2%) | ||||
Fisher & Paykel Healthcare Corp. Ltd. | 1,035,128 | 17,294 | ||
* | a2 Milk Co. Ltd. | 1,329,380 | 15,822 | |
Spark New Zealand Ltd. | 3,339,308 | 9,037 | ||
Auckland International Airport Ltd. | 2,023,571 | 7,473 | ||
Meridian Energy Ltd. | 2,261,096 | 6,161 | ||
Ryman Healthcare Ltd. | 749,263 | 5,466 | ||
Contact Energy Ltd. | 1,310,534 | 4,998 | ||
Mercury NZ Ltd. | 1,235,904 | 3,436 | ||
Fletcher Building Ltd. | 1,492,457 | 3,344 | ||
SKYCITY Entertainment Group Ltd. | 1,225,332 | 1,977 | ||
Kiwi Property Group Ltd. | 2,930,971 | 1,716 | ||
Air New Zealand Ltd. | 904,271 | 738 | ||
77,462 | ||||
Norway (0.4%) | ||||
Equinor ASA | 1,804,560 | 24,987 | ||
Dnb ASA | 1,911,385 | 23,143 | ||
Telenor ASA | 1,185,851 | 18,190 | ||
Mowi ASA | 775,894 | 13,289 |
41
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Orkla ASA | 1,398,737 | 12,635 | ||
^ | Yara International ASA | 318,846 | 10,829 | |
Norsk Hydro ASA | 2,446,137 | 6,206 | ||
* | Gjensidige Forsikring ASA | 304,482 | 5,373 | |
Salmar ASA | 94,665 | 3,689 | ||
Schibsted ASA Class B | 175,974 | 3,418 | ||
* | Adevinta ASA | 406,470 | 3,376 | |
Aker BP ASA | 199,485 | 3,275 | ||
Schibsted ASA Class A | 148,216 | 3,144 | ||
Leroy Seafood Group ASA | 467,789 | 2,484 | ||
* | Subsea 7 SA | 419,759 | 2,304 | |
*,^ | Aker ASA | 45,261 | 1,194 | |
137,536 | ||||
Pakistan (0.0%) | ||||
Fauji Fertilizer Co. Ltd. | 1,194,031 | 831 | ||
Oil & Gas Development Co. Ltd. | 1,236,300 | 813 | ||
Habib Bank Ltd. | 1,183,406 | 744 | ||
Pakistan Petroleum Ltd. | 1,233,456 | 702 | ||
3,090 | ||||
Peru (0.0%) | ||||
Cia de Minas Buenaventura SAA ADR | 389,800 | 2,920 | ||
Philippines (0.3%) | ||||
SM Investments Corp. | 881,169 | 14,687 | ||
SM Prime Holdings Inc. | 16,400,237 | 9,987 | ||
Ayala Land Inc. | 14,322,757 | 8,942 | ||
BDO Unibank Inc. | 3,553,980 | 6,993 | ||
Ayala Corp. | 603,138 | 6,861 | ||
PLDT Inc. | 214,612 | 5,439 | ||
JG Summit Holdings Inc. | 5,273,969 | 5,253 | ||
Universal Robina Corp. | 1,616,219 | 4,000 | ||
Bank of the Philippine Islands | 3,251,672 | 3,735 | ||
International Container Terminal Services Inc. | 1,941,934 | 3,397 | ||
Metropolitan Bank & Trust Co. | 3,244,378 | 2,481 | ||
Manila Electric Co. | 476,601 | 2,380 | ||
Globe Telecom Inc. | 54,054 | 2,345 | ||
Jollibee Foods Corp. | 751,775 | 2,124 | ||
* | GT Capital Holdings Inc. | 176,327 | 1,579 | |
Aboitiz Power Corp. | 2,797,332 | 1,509 | ||
San Miguel Food and Beverage Inc. | 1,242,710 | 1,460 | ||
San Miguel Corp. | 688,540 | 1,322 | ||
Metro Pacific Investments Corp. | 25,659,500 | 1,294 | ||
Megaworld Corp. | 21,516,706 | 1,086 | ||
* | Alliance Global Group Inc. | 6,981,299 | 888 | |
* | LT Group Inc. | 4,846,041 | 740 | |
Bloomberry Resorts Corp. | 5,774,450 | 639 | ||
DMCI Holdings Inc. | 6,888,996 | 560 | ||
Semirara Mining & Power Corp. | 1,973,684 | 468 | ||
90,169 | ||||
Poland (0.2%) | ||||
CD Projekt SA | 113,888 | 9,971 | ||
Polski Koncern Naftowy ORLEN SA | 569,108 | 8,639 | ||
Powszechna Kasa Oszczednosci Bank Polski SA | 1,541,637 | 8,251 | ||
Powszechny Zaklad Ubezpieczen SA | 1,020,924 | 7,536 | ||
* | KGHM Polska Miedz SA | 247,334 | 4,652 | |
*,1 | Dino Polska SA | 85,940 | 3,634 | |
Bank Polska Kasa Opieki SA | 283,595 | 3,597 | ||
Cyfrowy Polsat SA | 484,357 | 2,995 | ||
Polskie Gornictwo Naftowe i Gazownictwo SA | 3,141,488 | 2,828 | ||
Grupa Lotos SA | 181,273 | 2,751 | ||
Lpp SA | 1,539 | 2,426 | ||
Santander Bank Polska SA | 54,273 | 2,157 | ||
* | PGE Polska Grupa Energetyczna SA | 1,310,075 | 1,310 |
42
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | mBank SA | 23,460 | 1,249 | |
61,996 | ||||
Portugal (0.1%) | ||||
EDP - Energias de Portugal SA | 4,620,655 | 19,471 | ||
Galp Energia SGPS SA | 942,492 | 10,877 | ||
Jeronimo Martins SGPS SA | 450,504 | 7,638 | ||
EDP Renovaveis SA | 275,625 | 3,379 | ||
* | Banco Espirito Santo SA | 3,873,216 | 9 | |
41,374 | ||||
Qatar (0.3%) | ||||
Qatar National Bank QPSC | 8,128,671 | 38,340 | ||
Qatar Islamic Bank SAQ | 2,117,525 | 8,998 | ||
Industries Qatar QSC | 3,708,878 | 7,162 | ||
Masraf Al Rayan QSC | 6,842,010 | 7,160 | ||
Commercial Bank PSQC | 3,676,826 | 4,048 | ||
* | Qatar Fuel QSC | 902,640 | 3,964 | |
Mesaieed Petrochemical Holding Co. | 7,895,265 | 3,890 | ||
Qatar Electricity & Water Co. QSC | 938,371 | 3,879 | ||
Qatar Gas Transport Co. Ltd. | 4,965,706 | 3,401 | ||
Qatar International Islamic Bank QSC | 1,337,430 | 2,937 | ||
Barwa Real Estate Co. | 3,484,516 | 2,737 | ||
Ooredoo QPSC | 1,513,260 | 2,647 | ||
Qatar Insurance Co. SAQ | 2,947,348 | 1,616 | ||
* | Doha Bank QPSC | 2,704,363 | 1,496 | |
Vodafone Qatar QSC | 3,185,325 | 951 | ||
United Development Co. QSC | 3,275,309 | 949 | ||
Qatar Aluminum Manufacturing Co. | 4,972,020 | 850 | ||
* | Ezdan Holding Group QSC | 2,640,510 | 540 | |
95,565 | ||||
Russia (0.9%) | ||||
Lukoil PJSC ADR | 613,209 | 40,004 | ||
Gazprom PJSC ADR | 7,245,016 | 36,689 | ||
Sberbank of Russia PJSC Ordinary Shares | 13,576,736 | 35,778 | ||
Novatek PJSC | 1,957,410 | 27,226 | ||
MMC Norilsk Nickel PJSC ADR | 776,282 | 21,532 | ||
Tatneft PJSC ADR | 422,822 | 18,836 | ||
Sberbank of Russia PJSC ADR | 1,294,425 | 13,604 | ||
Gazprom PJSC | 4,710,907 | 11,977 | ||
Lukoil PJSC | 139,666 | 9,012 | ||
Rosneft Oil Co. PJSC GDR | 1,866,305 | 8,368 | ||
Surgutneftegas OAO Preference Shares | 13,444,300 | 6,579 | ||
Polyus PJSC GDR | 78,591 | 6,386 | ||
Surgutneftegas PJSC ADR | 1,178,193 | 5,859 | ||
AK Transneft OAO Preference Shares | 2,870 | 5,266 | ||
Magnit PJSC (XLON) | 440,172 | 4,855 | ||
Mobile TeleSystems PJSC | 1,071,502 | 4,635 | ||
MMC Norilsk Nickel PJSC | 16,068 | 4,365 | ||
Inter RAO UES PJSC | 64,621,300 | 4,329 | ||
Moscow Exchange MICEX-RTS PJSC | 2,595,264 | 4,195 | ||
Severstal PAO GDR | 312,475 | 3,725 | ||
Alrosa PJSC | 4,452,010 | 3,687 | ||
Novolipetsk Steel PJSC | 1,926,353 | 3,298 | ||
Tatneft PJSC | 351,046 | 2,584 | ||
Mobile TeleSystems PJSC ADR | 288,187 | 2,470 | ||
VTB Bank PJSC GDR | 2,300,991 | 2,158 | ||
PhosAgro PJSC GDR | 175,962 | 2,121 | ||
VTB Bank PJSC | 4,359,448,867 | 2,040 | ||
Magnit PJSC (MISX) | 39,924 | 1,983 | ||
Polyus PJSC | 10,988 | 1,786 | ||
RusHydro PJSC | 210,194,634 | 1,773 | ||
Magnitogorsk Iron & Steel Works PJSC | 3,189,948 | 1,716 | ||
Rostelecom PJSC | 1,223,758 | 1,352 | ||
Rosneft Oil Co. PJSC | 280,490 | 1,259 |
43
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Federal Grid Co. Unified Energy System PJSC | 450,626,667 | 1,111 | ||
Tatneft PAO Preference Shares | 153,438 | 1,053 | ||
Aeroflot PJSC | 970,911 | 987 | ||
Rosseti PJSC | 54,338,896 | 932 | ||
Surgutneftegas PJSC | 1,874,100 | 931 | ||
Rostelecom PJSC ADR | 118,592 | 771 | ||
Sistema PJSFC GDR | 191,390 | 751 | ||
Bashneft PAO Preference Shares | 38,485 | 710 | ||
Unipro PJSC | 18,049,100 | 680 | ||
* | RussNeft PJSC | 75,852 | 424 | |
Severstal PAO | 32,854 | 390 | ||
Mosenergo PJSC | 13,331,000 | 351 | ||
PhosAgro PJSC | 7,510 | 273 | ||
Sberbank of Russia PJSC ADR | 22,875 | 243 | ||
Sistema PJSFC | 986,400 | 191 | ||
311,245 | ||||
Saudi Arabia (0.6%) | ||||
Al Rajhi Bank | 1,818,987 | 27,650 | ||
Saudi Basic Industries Corp. | 1,336,511 | 26,523 | ||
Saudi Telecom Co. | 889,753 | 21,427 | ||
National Commercial Bank | 2,011,876 | 19,856 | ||
1 | Saudi Arabian Oil Co. | 1,886,558 | 15,853 | |
Riyad Bank | 2,181,534 | 9,862 | ||
Samba Financial Group | 1,452,103 | 8,969 | ||
* | Banque Saudi Fransi | 878,211 | 7,218 | |
* | Saudi Arabian Mining Co. | 641,314 | 6,314 | |
* | Alinma Bank | 1,408,379 | 5,955 | |
Saudi Arabian Fertilizer Co. | 294,472 | 5,522 | ||
Saudi Electricity Co. | 1,161,836 | 5,261 | ||
Arab National Bank | 950,299 | 5,139 | ||
Almarai Co. JSC | 375,723 | 4,899 | ||
* | Savola Group | 386,572 | 4,163 | |
* | Etihad Etisalat Co. | 556,897 | 4,113 | |
Yanbu National Petrochemical Co. | 340,485 | 4,057 | ||
Jarir Marketing Co. | 92,195 | 3,616 | ||
Bank AlBilad | 536,275 | 3,232 | ||
Bupa Arabia for Cooperative Insurance Co. | 94,140 | 2,681 | ||
* | Saudi Kayan Petrochemical Co. | 1,087,669 | 2,497 | |
Sahara International Petrochemical Co. | 507,863 | 2,069 | ||
Advanced Petrochemical Co. | 153,894 | 1,821 | ||
* | Co for Cooperative Insurance | 94,885 | 1,820 | |
Bank Al-Jazira | 560,249 | 1,778 | ||
* | Arabian Centres Co. Ltd. | 265,112 | 1,698 | |
Abdullah Al Othaim Markets Co. | 63,519 | 1,684 | ||
* | Mouwasat Medical Services Co. | 74,061 | 1,671 | |
* | Dar Al Arkan Real Estate Development Co. | 757,937 | 1,626 | |
Saudi Industrial Investment Group | 324,722 | 1,603 | ||
Saudi Cement Co. | 109,932 | 1,536 | ||
Southern Province Cement Co. | 101,290 | 1,433 | ||
Saudi Airlines Catering Co. | 65,467 | 1,388 | ||
* | Mobile Telecommunications Co. Saudi Arabia | 428,546 | 1,388 | |
* | National Industrialization Co. | 501,278 | 1,351 | |
Qassim Cement Co. | 81,044 | 1,230 | ||
* | Emaar Economic City | 617,953 | 1,201 | |
* | Rabigh Refining & Petrochemical Co. | 328,612 | 1,193 | |
Saudi Ground Services Co. | 151,632 | 1,054 | ||
* | Seera Group Holding | 239,992 | 990 | |
Yanbu Cement Co. | 124,231 | 984 | ||
* | National Petrochemical Co. | 168,605 | 901 | |
* | Saudi Research & Marketing Group | 51,927 | 847 | |
* | Fawaz Abdulaziz Al Hokair & Co. | 127,900 | 730 | |
Dallah Healthcare Co. | 53,061 | 678 | ||
227,481 |
44
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Singapore (0.8%) | ||||
DBS Group Holdings Ltd. | 3,289,948 | 46,320 | ||
Oversea-Chinese Banking Corp. Ltd. | 6,293,511 | 40,155 | ||
United Overseas Bank Ltd. | 2,345,250 | 33,512 | ||
Singapore Telecommunications Ltd. | 13,562,646 | 27,101 | ||
Ascendas REIT | 5,349,772 | 11,188 | ||
Keppel Corp. Ltd. | 2,608,979 | 11,014 | ||
Singapore Exchange Ltd. | 1,534,358 | 10,463 | ||
* | CapitaLand Ltd. | 4,604,741 | 9,770 | |
Wilmar International Ltd. | 3,591,307 | 9,044 | ||
Singapore Technologies Engineering Ltd. | 2,858,722 | 6,923 | ||
Genting Singapore Ltd. | 10,872,164 | 6,033 | ||
CapitaLand Mall Trust | 4,532,551 | 6,031 | ||
Mapletree Logistics Trust | 4,617,700 | 5,849 | ||
CapitaLand Commercial Trust | 4,854,251 | 5,516 | ||
Venture Corp. Ltd. | 489,551 | 5,471 | ||
Mapletree Commercial Trust | 3,960,912 | 5,454 | ||
Mapletree Industrial Trust | 2,788,000 | 5,005 | ||
City Developments Ltd. | 841,361 | 4,703 | ||
UOL Group Ltd. | 894,967 | 4,304 | ||
ComfortDelGro Corp. Ltd. | 3,679,849 | 4,290 | ||
Singapore Airlines Ltd. | 937,124 | 4,052 | ||
Suntec REIT | 3,736,572 | 3,691 | ||
Singapore Press Holdings Ltd. | 2,830,957 | 3,040 | ||
Jardine Cycle & Carriage Ltd. | 188,139 | 2,675 | ||
Keppel REIT | 3,540,800 | 2,645 | ||
SATS Ltd. | 1,137,915 | 2,636 | ||
Mapletree North Asia Commercial Trust | 3,959,500 | 2,630 | ||
Ascott Residence Trust | 3,140,500 | 1,976 | ||
Sembcorp Industries Ltd. | 1,663,291 | 1,905 | ||
Singapore Post Ltd. | 2,606,164 | 1,343 | ||
* | Golden Agri-Resources Ltd. | 11,522,101 | 1,267 | |
Hutchison Port Holdings Trust | 9,402,208 | 1,219 | ||
Olam International Ltd. | 1,108,700 | 1,174 | ||
StarHub Ltd. | 978,937 | 1,031 | ||
Wing Tai Holdings Ltd. | 639,240 | 782 | ||
* | Sembcorp Marine Ltd. | 1,410,477 | 746 | |
SIA Engineering Co. Ltd. | 405,309 | 535 | ||
Frasers Property Ltd. | 583,000 | 506 | ||
291,999 | ||||
South Africa (1.0%) | ||||
Naspers Ltd. | 790,287 | 123,007 | ||
AngloGold Ashanti Ltd. | 759,128 | 18,530 | ||
^ | Standard Bank Group Ltd. | 2,350,089 | 12,967 | |
^ | FirstRand Ltd. | 5,784,574 | 12,625 | |
Gold Fields Ltd. | 1,489,060 | 11,084 | ||
Sanlam Ltd. | 3,187,360 | 10,190 | ||
^ | MTN Group Ltd. | 3,299,154 | 8,670 | |
* | Sibanye Gold Ltd. | 3,954,584 | 8,056 | |
Impala Platinum Holdings Ltd. | 1,336,129 | 7,969 | ||
Bid Corp. Ltd. | 605,316 | 7,889 | ||
Vodacom Group Ltd. | 1,087,365 | 7,226 | ||
Remgro Ltd. | 938,550 | 6,922 | ||
Absa Group Ltd. | 1,328,434 | 6,556 | ||
Anglo American Platinum Ltd. | 109,569 | 5,750 | ||
Old Mutual Ltd. (XLON) | 7,981,512 | 5,685 | ||
Clicks Group Ltd. | 443,092 | 5,519 | ||
Shoprite Holdings Ltd. | 904,129 | 5,234 | ||
Bidvest Group Ltd. | 613,932 | 4,986 | ||
* | Sasol Ltd. | 1,018,759 | 4,835 | |
Capitec Bank Holdings Ltd. | 97,817 | 4,768 | ||
* | Aspen Pharmacare Holdings Ltd. | 695,327 | 4,337 | |
Nedbank Group Ltd. | 724,384 | 4,211 | ||
Growthpoint Properties Ltd. | 5,477,643 | 4,113 |
45
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
RMB Holdings Ltd. | 1,376,131 | 3,945 | ||
* | MultiChoice Group | 776,370 | 3,639 | |
Discovery Ltd. | 681,242 | 3,574 | ||
Mondi plc (XJSE) | 200,265 | 3,569 | ||
SPAR Group Ltd. | 346,362 | 3,301 | ||
Mr Price Group Ltd. | 454,210 | 3,236 | ||
* | Harmony Gold Mining Co. Ltd. | 838,968 | 3,088 | |
* | Northam Platinum Ltd. | 622,696 | 3,086 | |
Tiger Brands Ltd. | 307,511 | 2,994 | ||
NEPI Rockcastle plc | 663,076 | 2,837 | ||
Woolworths Holdings Ltd. | 1,635,580 | 2,694 | ||
^ | Exxaro Resources Ltd. | 451,797 | 2,623 | |
PSG Group Ltd. | 303,630 | 2,593 | ||
AVI Ltd. | 579,830 | 2,455 | ||
Life Healthcare Group Holdings Ltd. | 2,461,458 | 2,367 | ||
Netcare Ltd. | 2,553,211 | 2,141 | ||
Pick n Pay Stores Ltd. | 618,274 | 1,937 | ||
Rand Merchant Investment Holdings Ltd. | 1,392,776 | 1,886 | ||
Kumba Iron Ore Ltd. | 92,556 | 1,742 | ||
Momentum Metropolitan Holdings | 1,772,722 | 1,659 | ||
Foschini Group Ltd. | 420,574 | 1,650 | ||
Barloworld Ltd. | 404,552 | 1,484 | ||
African Rainbow Minerals Ltd. | 188,256 | 1,378 | ||
Redefine Properties Ltd. | 9,919,964 | 1,221 | ||
Truworths International Ltd. | 771,261 | 1,217 | ||
* | Sappi Ltd. | 971,282 | 1,181 | |
Fortress REIT Ltd. Class A | 2,095,810 | 1,148 | ||
Resilient REIT Ltd. | 575,092 | 1,114 | ||
Santam Ltd. | 74,052 | 1,098 | ||
Investec Ltd. | 499,405 | 1,040 | ||
1 | Pepkor Holdings Ltd. | 1,581,180 | 1,032 | |
Assore Ltd. | 59,830 | 1,016 | ||
Coronation Fund Managers Ltd. | 455,174 | 887 | ||
^,1 | Dis-Chem Pharmacies Ltd. | 745,124 | 884 | |
Liberty Holdings Ltd. | 229,905 | 872 | ||
Reunert Ltd. | 297,234 | 642 | ||
Distell Group Holdings Ltd. | 146,903 | 626 | ||
Telkom SA SOC Ltd. | 524,873 | 582 | ||
* | Ninety One Ltd. | 249,702 | 526 | |
Motus Holdings Ltd. | 293,182 | 478 | ||
MAS Real Estate Inc. | 799,290 | 463 | ||
Vukile Property Fund Ltd. | 1,567,043 | 459 | ||
Hyprop Investments Ltd. | 426,973 | 439 | ||
Old Mutual Ltd. (XJSE) | 405,832 | 295 | ||
Fortress REIT Ltd. Class B | 1,461,343 | 184 | ||
Tsogo Sun Gaming Ltd. | 909,302 | 129 | ||
368,540 | ||||
South Korea (3.1%) | ||||
Samsung Electronics Co. Ltd. GDR | 193,142 | 200,700 | ||
Samsung Electronics Co. Ltd. | 3,771,708 | 155,083 | ||
SK Hynix Inc. | 938,402 | 64,579 | ||
Samsung Electronics Co. Ltd. Preference Shares | 1,423,189 | 49,336 | ||
NAVER Corp. | 242,406 | 39,301 | ||
*,^ | Celltrion Inc. | 186,778 | 32,282 | |
LG Chem Ltd. | 82,467 | 25,624 | ||
Samsung SDI Co. Ltd. | 95,148 | 22,477 | ||
Hyundai Motor Co. | 262,288 | 20,273 | ||
LG Household & Health Care Ltd. | 15,782 | 17,897 | ||
Hyundai Mobis Co. Ltd. | 119,028 | 16,828 | ||
NCSoft Corp. | 30,298 | 16,053 | ||
Posco ADR | 386,396 | 14,378 | ||
Kakao Corp. | 91,155 | 13,775 | ||
KT&G Corp. | 200,723 | 13,402 | ||
* | KB Financial Group Inc. ADR | 475,835 | 13,390 |
46
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Samsung C&T Corp. | 152,142 | 13,322 | ||
* | Shinhan Financial Group Co. Ltd. ADR | 493,611 | 12,597 | |
Hana Financial Group Inc. | 521,479 | 11,904 | ||
*,1 | Samsung Biologics Co. Ltd. | 24,065 | 11,495 | |
Kia Motors Corp. | 467,005 | 11,406 | ||
Shinhan Financial Group Co. Ltd. | 374,853 | 9,504 | ||
Samsung Fire & Marine Insurance Co. Ltd. | 60,436 | 9,478 | ||
Samsung Electro-Mechanics Co. Ltd. | 98,795 | 9,236 | ||
SK Holdings Co. Ltd. | 60,195 | 8,985 | ||
LG Electronics Inc. | 198,332 | 8,926 | ||
*,^ | Celltrion Healthcare Co. Ltd. | 120,596 | 8,359 | |
SK Innovation Co. Ltd. | 103,543 | 8,353 | ||
LG Corp. | 163,098 | 8,299 | ||
Amorepacific Corp. | 57,191 | 8,284 | ||
Samsung SDS Co. Ltd. | 57,696 | 7,697 | ||
KB Financial Group Inc. | 245,596 | 7,027 | ||
Woori Financial Group Inc. | 974,528 | 6,749 | ||
SK Telecom Co. Ltd. ADR | 313,901 | 6,005 | ||
Korea Zinc Co. Ltd. | 17,816 | 5,663 | ||
* | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 78,450 | 5,322 | |
Coway Co. Ltd. | 102,345 | 5,187 | ||
^ | Samsung Life Insurance Co. Ltd. | 117,937 | 4,783 | |
*,^ | HLB Inc. | 60,740 | 4,763 | |
* | Korea Electric Power Corp. | 240,337 | 4,697 | |
Lotte Chemical Corp. | 26,348 | 4,682 | ||
Posco | 29,994 | 4,532 | ||
S-Oil Corp. | 74,875 | 4,299 | ||
* | Korea Electric Power Corp. ADR | 441,348 | 4,241 | |
Orion Corp. | 39,679 | 4,065 | ||
Kangwon Land Inc. | 192,924 | 3,987 | ||
Hyundai Engineering & Construction Co. Ltd. | 135,346 | 3,924 | ||
LG Uplus Corp. | 351,097 | 3,855 | ||
Hotel Shilla Co. Ltd. | 55,116 | 3,854 | ||
Hyundai Heavy Industries Holdings Co. Ltd. | 19,094 | 3,812 | ||
* | LG Display Co. Ltd. | 407,098 | 3,693 | |
Daelim Industrial Co. Ltd. | 48,770 | 3,519 | ||
E-MART Inc. | 35,650 | 3,513 | ||
Industrial Bank of Korea | 514,483 | 3,352 | ||
Mirae Asset Daewoo Co. Ltd. | 724,865 | 3,342 | ||
CJ CheilJedang Corp. | 14,652 | 3,296 | ||
Yuhan Corp. | 83,295 | 3,236 | ||
Hyundai Motor Co. 2nd Preference Shares | 66,572 | 3,215 | ||
DB Insurance Co. Ltd. | 85,712 | 3,131 | ||
GS Holdings Corp. | 94,498 | 2,973 | ||
Korea Investment Holdings Co. Ltd. | 69,891 | 2,894 | ||
Samsung Securities Co. Ltd. | 114,550 | 2,838 | ||
Hyundai Glovis Co. Ltd. | 33,523 | 2,802 | ||
* | Samsung Heavy Industries Co. Ltd. | 791,044 | 2,781 | |
Fila Holdings Corp. | 95,981 | 2,744 | ||
Hanmi Pharm Co. Ltd. | 12,840 | 2,739 | ||
* | Samsung Engineering Co. Ltd. | 287,510 | 2,714 | |
Korea Aerospace Industries Ltd. | 128,299 | 2,707 | ||
Shinsegae Inc. | 12,331 | 2,675 | ||
Hankook Tire & Technology Co. Ltd. | 145,607 | 2,555 | ||
AMOREPACIFIC Group | 52,250 | 2,501 | ||
^ | Hyundai Steel Co. | 138,383 | 2,461 | |
S-1 Corp. | 34,323 | 2,442 | ||
*,1 | Netmarble Corp. | 31,017 | 2,438 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 112,283 | 2,428 | ||
LG Household & Health Care Ltd. Preference Shares | 4,075 | 2,423 | ||
Hanon Systems | 299,466 | 2,256 | ||
GS Engineering & Construction Corp. | 107,455 | 2,244 | ||
BNK Financial Group Inc. | 524,311 | 2,180 | ||
*,^ | Helixmith Co. Ltd. | 39,441 | 2,155 |
47
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
LG Chem Ltd. Preference Shares | 14,414 | 2,047 | ||
Kumho Petrochemical Co. Ltd. | 32,255 | 2,034 | ||
CJ ENM Co. Ltd. | 17,960 | 1,890 | ||
NH Investment & Securities Co. Ltd. | 236,899 | 1,885 | ||
Cheil Worldwide Inc. | 125,639 | 1,834 | ||
Lotte Corp. | 53,639 | 1,771 | ||
Hanwha Solutions Corp. | 147,834 | 1,769 | ||
Hyundai Motor Co. Preference Shares | 37,085 | 1,740 | ||
Hyundai Department Store Co. Ltd. | 27,645 | 1,649 | ||
* | CJ Logistics Corp. | 13,576 | 1,649 | |
Lotte Shopping Co. Ltd. | 20,096 | 1,646 | ||
^ | POSCO Chemical Co. Ltd. | 38,226 | 1,634 | |
SK Telecom Co. Ltd. | 9,146 | 1,590 | ||
BGF retail Co. Ltd. | 11,952 | 1,546 | ||
* | Hanwha Aerospace Co. Ltd. | 68,803 | 1,515 | |
CJ Corp. | 22,581 | 1,508 | ||
GS Retail Co. Ltd. | 48,347 | 1,506 | ||
* | Korean Air Lines Co. Ltd. | 88,831 | 1,454 | |
DGB Financial Group Inc. | 330,482 | 1,435 | ||
Samsung Card Co. Ltd. | 57,236 | 1,415 | ||
NongShim Co. Ltd. | 5,747 | 1,393 | ||
Hanwha Corp. | 80,694 | 1,376 | ||
Hite Jinro Co. Ltd. | 51,243 | 1,367 | ||
SKC Co. Ltd. | 32,013 | 1,306 | ||
HDC Hyundai Development Co-Engineering & Construction | 83,732 | 1,294 | ||
* | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 91,658 | 1,291 | |
SK Networks Co. Ltd. | 274,934 | 1,219 | ||
Mando Corp. | 60,877 | 1,188 | ||
KCC Corp. | 8,372 | 1,139 | ||
Korea Gas Corp. | 50,848 | 1,123 | ||
LOTTE Fine Chemical Co. Ltd. | 34,238 | 1,100 | ||
Hanssem Co. Ltd. | 18,111 | 1,086 | ||
KEPCO Plant Service & Engineering Co. Ltd. | 40,242 | 1,075 | ||
Posco International Corp. | 91,633 | 1,065 | ||
*,^ | Doosan Infracore Co. Ltd. | 301,576 | 1,061 | |
* | OCI Co. Ltd. | 32,078 | 1,053 | |
Ottogi Corp. | 2,331 | 1,042 | ||
* | NHN Corp. | 16,358 | 1,024 | |
* | Daewoo Engineering & Construction Co. Ltd. | 346,213 | 1,016 | |
Amorepacific Corp. Preference Shares | 19,280 | 992 | ||
Paradise Co. Ltd. | 75,316 | 977 | ||
*,^ | SillaJen Inc. | 94,185 | 973 | |
LS Corp. | 31,252 | 966 | ||
Hanwha Life Insurance Co. Ltd. | 637,856 | 950 | ||
Hyundai Mipo Dockyard Co. Ltd. | 36,929 | 934 | ||
Dongsuh Cos. Inc. | 65,423 | 928 | ||
Doosan Bobcat Inc. | 47,218 | 914 | ||
^ | Ssangyong Cement Industrial Co. Ltd. | 188,253 | 793 | |
Hyundai Wia Corp. | 26,670 | 723 | ||
Medy-Tox Inc. | 7,270 | 692 | ||
* | Doosan Heavy Industries & Construction Co. Ltd. | 206,023 | 669 | |
^ | Hanmi Science Co. ltd | 27,706 | 652 | |
Lotte Chilsung Beverage Co. Ltd. | 6,546 | 587 | ||
* | Doosan Solus Co. Ltd. | 20,228 | 552 | |
Mirae Asset Daewoo Co. Ltd. Preference Shares | 212,315 | 537 | ||
Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 3,806 | 410 | ||
LG Electronics Inc. Preference Shares | 22,942 | 399 | ||
Doosan Co. Ltd. | 11,700 | 390 | ||
Hanwha Corp. Preference Shares | 36,056 | 338 | ||
* | KCC Glass Corp. | 11,107 | 263 | |
* | Doosan Fuel Cell Co. Ltd. | 27,594 | 170 | |
CJ CheilJedang Corp. Preference Shares | 1,095 | 100 | ||
^ | HLB Inc. Rights Exp. 05/29/2020 | 6,066 | 86 |
48
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Hyundai Construction Equipment Co. Ltd. | 2,577 | 39 | |
1,109,686 | ||||
Spain (1.6%) | ||||
* | Iberdrola SA | 10,839,257 | 107,827 | |
Banco Santander SA (XMAD) | 29,036,950 | 64,880 | ||
Industria de Diseno Textil SA | 1,923,555 | 49,267 | ||
^ | Banco Bilbao Vizcaya Argentaria SA | 12,108,007 | 39,579 | |
Telefonica SA | 8,312,582 | 38,009 | ||
Amadeus IT Group SA | 745,978 | 35,608 | ||
1 | Cellnex Telecom SA | 493,075 | 25,790 | |
* | Repsol SA | 2,499,459 | 22,687 | |
* | Ferrovial SA | 863,804 | 21,630 | |
*,1 | Aena SME SA | 129,083 | 16,340 | |
Red Electrica Corp. SA | 791,861 | 13,938 | ||
Endesa SA | 581,825 | 12,905 | ||
Grifols SA | 369,493 | 12,610 | ||
CaixaBank SA | 6,585,933 | 11,849 | ||
* | ACS Actividades de Construccion y Servicios SA | 443,150 | 11,082 | |
Enagas SA | 455,501 | 10,632 | ||
Naturgy Energy Group SA | 551,061 | 9,736 | ||
Grifols SA Preference Shares | 389,950 | 8,028 | ||
* | Siemens Gamesa Renewable Energy SA | 411,763 | 6,125 | |
Inmobiliaria Colonial Socimi SA | 598,707 | 5,783 | ||
Merlin Properties Socimi SA | 613,322 | 5,692 | ||
Bankinter SA | 1,250,109 | 5,161 | ||
Banco de Sabadell SA | 10,221,862 | 4,238 | ||
Acciona SA | 38,117 | 3,778 | ||
Mapfre SA | 1,819,698 | 3,339 | ||
Zardoya Otis SA | 338,934 | 2,359 | ||
Bankia SA | 2,222,194 | 2,261 | ||
Banco Santander SA (XMEX) | 1,038,439 | 2,240 | ||
553,373 | ||||
Sweden (1.8%) | ||||
Telefonaktiebolaget LM Ericsson Class B | 5,411,230 | 46,229 | ||
Investor AB Class B | 892,814 | 44,371 | ||
Atlas Copco AB Class A | 1,153,473 | 39,754 | ||
* | Essity AB Class B | 1,111,973 | 36,021 | |
* | Volvo AB Class B | 2,741,248 | 35,128 | |
* | Sandvik AB | 1,972,577 | 30,345 | |
*,^ | Assa Abloy AB Class B | 1,680,943 | 30,092 | |
* | Svenska Handelsbanken AB Class A | 2,652,447 | 24,210 | |
* | Hexagon AB Class B | 463,821 | 22,761 | |
Hennes & Mauritz AB Class B | 1,604,711 | 21,936 | ||
* | Swedbank AB Class A | 1,832,946 | 21,691 | |
* | Skandinaviska Enskilda Banken AB Class A | 2,629,295 | 21,646 | |
^ | Atlas Copco AB Class B | 687,124 | 21,254 | |
Swedish Match AB | 300,285 | 18,557 | ||
Telia Co. AB | 4,770,906 | 16,588 | ||
Tele2 AB | 975,723 | 12,582 | ||
* | Skanska AB Class B | 653,787 | 12,439 | |
* | Svenska Cellulosa AB SCA Class B | 1,120,440 | 11,884 | |
Epiroc AB Class A | 1,144,853 | 11,457 | ||
Skf Ab | 700,059 | 11,049 | ||
*,^ | Alfa Laval AB | 574,229 | 10,731 | |
Nibe Industrier AB Class B | 547,450 | 10,214 | ||
^ | Boliden AB | 497,707 | 10,032 | |
Investor AB Class A | 181,782 | 8,968 | ||
Kinnevik AB | 435,078 | 8,942 | ||
Castellum AB | 492,777 | 8,643 | ||
Lundin Energy AB | 320,514 | 8,246 | ||
* | Industrivarden AB Class A | 378,405 | 7,766 | |
* | Fastighets AB Balder Class B | 175,088 | 6,919 | |
Epiroc AB Class B | 696,612 | 6,873 | ||
^ | Securitas AB Class B | 570,550 | 6,751 |
49
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Industrivarden AB Class C | 307,343 | 6,289 | |
*,^ | ICA Gruppen AB | 141,859 | 6,207 | |
Electrolux AB Class B | 436,699 | 5,971 | ||
* | Swedish Orphan Biovitrum AB | 311,569 | 5,969 | |
Elekta AB Class B | 656,764 | 5,967 | ||
* | L E Lundbergforetagen AB Class B | 137,399 | 5,769 | |
* | Trelleborg AB Class B | 440,480 | 5,609 | |
* | EQT AB | 364,078 | 5,031 | |
Husqvarna AB | 734,735 | 4,421 | ||
* | Saab AB Class B | 171,312 | 3,908 | |
^ | Investment AB Latour Class B | 224,425 | 3,355 | |
Hufvudstaden AB Class A | 203,781 | 2,611 | ||
* | Svenska Handelsbanken AB Class B | 120,718 | 1,205 | |
* | Electrolux Professional AB Class B | 436,464 | 1,005 | |
Telefonaktiebolaget LM Ericsson Class A | 79,072 | 747 | ||
* | Skandinaviska Enskilda Banken AB Class C | 31,487 | 281 | |
Svenska Cellulosa AB SCA Class A | 3,073 | 33 | ||
648,457 | ||||
Switzerland (6.6%) | ||||
* | Nestle SA | 5,289,211 | 560,181 | |
Roche Holding AG | 1,272,664 | 440,720 | ||
Novartis AG | 3,892,702 | 332,197 | ||
Zurich Insurance Group AG | 270,822 | 85,865 | ||
UBS Group AG | 6,188,902 | 66,268 | ||
ABB Ltd. | 3,262,539 | 61,930 | ||
* | Lonza Group AG | 134,938 | 58,923 | |
Givaudan SA | 16,885 | 56,620 | ||
Cie Financiere Richemont SA | 933,874 | 52,982 | ||
* | Alcon Inc. | 839,273 | 44,294 | |
* | Sika AG | 253,482 | 41,928 | |
Credit Suisse Group AG | 4,458,242 | 40,707 | ||
^ | SWISS RE AG | 506,963 | 36,839 | |
Geberit AG | 65,182 | 29,150 | ||
LafargeHolcim Ltd. (XSWX) | 691,514 | 28,721 | ||
SGS SA-REG | 10,866 | 24,510 | ||
Swisscom AG | 46,420 | 24,120 | ||
Partners Group Holding AG | 30,123 | 23,738 | ||
Swiss Life Holding AG | 60,518 | 21,461 | ||
Sonova Holding AG | 97,675 | 17,641 | ||
Roche Holding AG (Bearer) | 47,637 | 16,545 | ||
Schindler Holding AG | 73,331 | 16,320 | ||
Chocoladefabriken Lindt & Spruengli AG (Registered) | 187 | 15,700 | ||
* | Julius Baer Group Ltd. | 395,884 | 15,548 | |
Chocoladefabriken Lindt & Spruengli AG | 1,838 | 14,318 | ||
Temenos AG | 108,247 | 14,027 | ||
Straumann Holding AG | 18,327 | 13,944 | ||
Kuehne & Nagel International AG | 92,171 | 13,184 | ||
Swiss Prime Site AG | 136,665 | 13,011 | ||
Logitech International SA | 267,293 | 12,874 | ||
Baloise Holding AG | 84,727 | 12,677 | ||
Adecco Group AG | 284,892 | 12,467 | ||
Vifor Pharma AG | 80,566 | 12,087 | ||
Barry Callebaut AG | 5,561 | 10,889 | ||
Swatch Group AG (Bearer) | 53,166 | 10,668 | ||
LafargeHolcim Ltd. (XPAR) | 230,997 | 9,660 | ||
EMS-Chemie Holding AG | 13,140 | 8,497 | ||
PSP Swiss Property AG | 72,321 | 8,401 | ||
Schindler Holding AG (Registered) | 35,547 | 7,644 | ||
* | Clariant AG | 369,808 | 6,836 | |
* | Georg Fischer AG | 7,458 | 5,566 | |
Helvetia Holding AG | 60,240 | 5,491 | ||
Pargesa Holding SA | 68,749 | 4,891 | ||
Banque Cantonale Vaudoise | 5,205 | 4,596 | ||
* | Flughafen Zurich AG | 34,749 | 4,297 |
50
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | DKSH Holding AG | 65,711 | 3,700 | |
OC Oerlikon Corp. AG | 359,064 | 2,697 | ||
Sulzer AG | 31,694 | 2,242 | ||
Swatch Group AG (Registered) | 54,530 | 2,120 | ||
Dufry AG | 51,250 | 1,678 | ||
2,331,370 | ||||
Taiwan (3.5%) | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 5,412,392 | 287,560 | ||
Taiwan Semiconductor Manufacturing Co. Ltd. | 17,446,373 | 175,996 | ||
Hon Hai Precision Industry Co. Ltd. | 21,750,823 | 55,899 | ||
MediaTek Inc. | 2,679,700 | 37,002 | ||
Formosa Plastics Corp. | 8,891,873 | 26,100 | ||
Largan Precision Co. Ltd. | 185,848 | 25,334 | ||
Nan Ya Plastics Corp. | 10,298,615 | 22,783 | ||
CTBC Financial Holding Co. Ltd. | 32,991,939 | 21,986 | ||
Uni-President Enterprises Corp. | 8,745,487 | 20,363 | ||
Cathay Financial Holding Co. Ltd. | 15,055,661 | 20,089 | ||
Mega Financial Holding Co. Ltd. | 19,756,777 | 19,874 | ||
Chunghwa Telecom Co. Ltd. ADR | 523,440 | 19,268 | ||
Fubon Financial Holding Co. Ltd. | 13,366,861 | 18,900 | ||
Delta Electronics Inc. | 3,918,676 | 18,278 | ||
E.Sun Financial Holding Co. Ltd. | 20,028,390 | 18,198 | ||
Formosa Chemicals & Fibre Corp. | 6,264,306 | 15,868 | ||
China Steel Corp. | 22,509,234 | 15,076 | ||
First Financial Holding Co. Ltd. | 17,822,495 | 13,126 | ||
Taiwan Cement Corp. | 8,724,345 | 12,587 | ||
ASE Technology Holding Co. Ltd. | 5,603,449 | 12,483 | ||
Yuanta Financial Holding Co. Ltd. | 20,429,916 | 11,645 | ||
Taiwan Cooperative Financial Holding Co. Ltd. | 16,980,690 | 11,403 | ||
Hotai Motor Co. Ltd. | 580,000 | 10,709 | ||
Hua Nan Financial Holdings Co. Ltd. | 16,412,835 | 10,661 | ||
Taiwan Mobile Co. Ltd. | 2,949,713 | 10,628 | ||
President Chain Store Corp. | 1,018,904 | 10,536 | ||
Quanta Computer Inc. | 4,835,598 | 10,448 | ||
Catcher Technology Co. Ltd. | 1,336,153 | 10,121 | ||
Yageo Corp. | 708,000 | 9,160 | ||
Asustek Computer Inc. | 1,294,026 | 8,747 | ||
Shanghai Commercial & Savings Bank Ltd. | 5,939,000 | 8,746 | ||
Chailease Holding Co. Ltd. | 2,229,130 | 8,469 | ||
Pegatron Corp. | 3,623,038 | 7,949 | ||
Taishin Financial Holding Co. Ltd. | 18,373,966 | 7,815 | ||
SinoPac Financial Holdings Co. Ltd. | 19,006,229 | 7,736 | ||
United Microelectronics Corp. ADR | 3,070,172 | 7,675 | ||
China Development Financial Holding Corp. | 25,162,318 | 7,613 | ||
Formosa Petrochemical Corp. | 2,497,580 | 7,494 | ||
Chang Hwa Commercial Bank Ltd. | 11,260,265 | 7,363 | ||
Realtek Semiconductor Corp. | 839,768 | 7,191 | ||
Chunghwa Telecom Co. Ltd. | 1,886,207 | 6,933 | ||
Accton Technology Corp. | 954,000 | 6,916 | ||
Far EasTone Telecommunications Co. Ltd. | 2,891,643 | 6,440 | ||
Win Semiconductors Corp. | 717,000 | 6,410 | ||
Advantech Co. Ltd. | 676,026 | 6,394 | ||
Novatek Microelectronics Corp. | 1,016,916 | 6,324 | ||
Far Eastern New Century Corp. | 7,189,819 | 6,243 | ||
Walsin Technology Corp. | 871,000 | 6,169 | ||
Asia Cement Corp. | 4,174,519 | 6,133 | ||
Shin Kong Financial Holding Co. Ltd. | 20,919,015 | 5,955 | ||
Lite-On Technology Corp. | 3,777,767 | 5,870 | ||
Globalwafers Co. Ltd. | 379,000 | 4,824 | ||
Compal Electronics Inc. | 7,542,510 | 4,808 | ||
Wistron Corp. | 5,075,445 | 4,759 | ||
Pou Chen Corp. | 4,765,125 | 4,487 | ||
Taiwan High Speed Rail Corp. | 3,823,000 | 4,366 | ||
Inventec Corp. | 5,517,064 | 4,335 |
51
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
Cheng Shin Rubber Industry Co. Ltd. | 3,372,222 | 3,877 | ||
* | Wiwynn Corp. | 150,000 | 3,849 | |
Feng TAY Enterprise Co. Ltd. | 665,610 | 3,787 | ||
Zhen Ding Technology Holding Ltd. | 1,054,000 | 3,782 | ||
Vanguard International Semiconductor Corp. | 1,599,466 | 3,711 | ||
Foxconn Technology Co. Ltd. | 1,908,925 | 3,665 | ||
Eclat Textile Co. Ltd. | 358,398 | 3,578 | ||
* | China Life Insurance Co. Ltd. | 5,192,451 | 3,545 | |
Innolux Corp. | 15,606,370 | 3,390 | ||
Unimicron Technology Corp. | 2,297,975 | 3,255 | ||
Synnex Technology International Corp. | 2,412,889 | 3,220 | ||
Giant Manufacturing Co. Ltd. | 534,625 | 3,151 | ||
Nanya Technology Corp. | 1,431,600 | 3,073 | ||
Taiwan Business Bank | 8,442,705 | 3,058 | ||
Chicony Electronics Co. Ltd. | 1,050,337 | 2,959 | ||
Acer Inc. | 5,092,396 | 2,819 | ||
Teco Electric and Machinery Co. Ltd. | 3,124,000 | 2,811 | ||
AU Optronics Corp. ADR | 1,025,878 | 2,626 | ||
United Microelectronics Corp. | 4,740,978 | 2,453 | ||
Walsin Lihwa Corp. | 5,461,000 | 2,396 | ||
Epistar Corp. | 1,736,000 | 2,210 | ||
Formosa Taffeta Co. Ltd. | 1,892,000 | 2,157 | ||
Taiwan Fertilizer Co. Ltd. | 1,286,000 | 1,982 | ||
Eva Airways Corp. | 4,357,188 | 1,676 | ||
Eternal Materials Co. Ltd. | 1,820,104 | 1,632 | ||
Taiwan Secom Co. Ltd. | 542,725 | 1,605 | ||
* | Evergreen Marine Corp. Taiwan Ltd. | 4,217,300 | 1,561 | |
AU Optronics Corp. | 5,789,000 | 1,522 | ||
China Airlines Ltd. | 4,937,913 | 1,363 | ||
Far Eastern International Bank | 3,827,404 | 1,362 | ||
Capital Securities Corp. | 3,704,587 | 1,219 | ||
HTC Corp. | 1,211,570 | 1,210 | ||
Transcend Information Inc. | 493,455 | 1,165 | ||
§ | Yageo Corp. GDR | 19,600 | 1,000 | |
ASE Technology Holding Co. Ltd. ADR | 225,217 | 980 | ||
Taiwan Glass Industry Corp. | 3,057,089 | 919 | ||
Yulon Motor Co. Ltd. | 1,527,898 | 885 | ||
Wan Hai Lines Ltd. | 1,509,702 | 851 | ||
* | TPK Holding Co. Ltd. | 538,422 | 753 | |
U-Ming Marine Transport Corp. | 732,000 | 724 | ||
* | OBI Pharma Inc. | 238,790 | 710 | |
Oriental Union Chemical Corp. | 1,254,191 | 708 | ||
Yulon Nissan Motor Co. Ltd. | 50,633 | 454 | ||
China Motor Corp. | 425,642 | 452 | ||
1,230,350 | ||||
Thailand (0.7%) | ||||
PTT PCL (Foreign) | 25,807,920 | 28,179 | ||
CP ALL PCL (Foreign) | 9,740,513 | 21,292 | ||
Airports of Thailand PCL (Foreign) | 7,924,890 | 15,115 | ||
Advanced Info Service PCL (Foreign) | 2,049,664 | 12,484 | ||
Siam Cement PCL NVDR | 952,280 | 10,116 | ||
Bangkok Dusit Medical Services PCL | 15,767,501 | 10,030 | ||
Gulf Energy Development PCL | 7,463,495 | 8,884 | ||
Siam Commercial Bank PCL (Foreign) | 3,143,589 | 6,566 | ||
PTT Exploration & Production PCL (Foreign) | 2,530,000 | 6,530 | ||
Central Pattana PCL | 4,352,394 | 6,444 | ||
Siam Cement PCL (Foreign) | 578,213 | 6,142 | ||
Kasikornbank PCL (Foreign) | 2,050,883 | 5,389 | ||
Charoen Pokphand Foods PCL (Foreign) | 6,353,678 | 5,263 | ||
Intouch Holdings PCL NVDR | 3,094,304 | 5,070 | ||
BTS Group Holdings PCL | 14,039,241 | 4,960 | ||
PTT Global Chemical PCL | 4,209,827 | 4,846 | ||
Home Product Center PCL | 10,979,789 | 4,584 | ||
Digital Telecommunications Infrastructure Fund (Foreign) | 9,304,248 | 4,548 |
52
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Minor International PCL (Foreign) | 6,867,823 | 4,438 | |
^ | Krung Thai Bank PCL (Foreign) | 12,500,012 | 4,202 | |
* | Bangkok Expressway & Metro PCL | 14,353,027 | 4,146 | |
Electricity Generating PCL (Foreign) | 473,009 | 4,138 | ||
Energy Absolute PCL | 2,988,000 | 3,665 | ||
Indorama Ventures PCL | 3,932,483 | 3,439 | ||
Kasikornbank PCL | 1,155,637 | 3,030 | ||
Ratchaburi Electricity Generating Holding PCL (Foreign) | 1,454,045 | 2,974 | ||
Bangkok Bank PCL (Foreign) | 860,527 | 2,736 | ||
Thai Oil PCL (Foreign) | 2,106,783 | 2,636 | ||
Siam Commercial Bank PCL | 1,230,600 | 2,570 | ||
* | Krungthai Card PCL (Foreign) | 2,453,500 | 2,556 | |
Osotspa PCL | 1,986,000 | 2,527 | ||
Global Power Synergy PCL | 1,167,907 | 2,523 | ||
* | Asset World Corp. PCL | 14,453,600 | 2,414 | |
TMB Bank PCL | 79,880,867 | 2,342 | ||
Berli Jucker PCL | 1,845,215 | 2,295 | ||
Thai Union Frozen Products PCL (Foreign) | 5,134,249 | 2,071 | ||
True Corp. PCL | 19,550,386 | 1,996 | ||
Bumrungrad Hospital PCL (Foreign) | 553,842 | 1,994 | ||
* | Muangthai Capital PCL | 1,183,100 | 1,721 | |
Srisawad Corp. PCL | 1,025,400 | 1,693 | ||
* | B Grimm Power PCL | 1,232,700 | 1,691 | |
Intouch Holdings PCL (Foreign) | 912,897 | 1,496 | ||
Land & Houses PCL | 6,369,900 | 1,439 | ||
Banpu PCL | 8,055,029 | 1,431 | ||
IRPC PCL (Foreign) | 17,398,528 | 1,424 | ||
Total Access Communication PCL (Foreign) | 976,223 | 1,263 | ||
Delta Electronics Thailand PCL | 811,000 | 1,113 | ||
Land & Houses PCL (Foreign) | 4,892,176 | 1,105 | ||
Siam Makro PCL (Foreign) | 529,000 | 582 | ||
Siam City Cement PCL (Foreign) | 137,836 | 506 | ||
Bangkok Life Assurance PCL (Foreign) | 809,802 | 385 | ||
Central Pattana PCL NVDR | 257,900 | 382 | ||
Total Access Communication PCL NVDR | 150,300 | 195 | ||
Bumrungrad Hospital PCL NVDR | 50,700 | 183 | ||
Krung Thai Bank PCL NVDR | 166,300 | 56 | ||
* | BTS Group Holdings PCL Warrants Exp. 12/31/2021 | 1,374,224 | 42 | |
Bangkok Life Assurance PCL | 83,800 | 40 | ||
* | Minor International PCL Warrants Exp. 12/31/2021 | 322,731 | 22 | |
241,903 | ||||
Turkey (0.1%) | ||||
BIM Birlesik Magazalar AS | 819,237 | 6,505 | ||
* | Turkiye Garanti Bankasi AS | 3,961,782 | 4,730 | |
* | Akbank T.A.S. | 4,834,209 | 4,081 | |
Turkcell Iletisim Hizmetleri AS | 1,987,880 | 3,960 | ||
KOC Holding AS | 1,569,352 | 3,443 | ||
* | Tupras Turkiye Petrol Rafinerileri AS | 221,991 | 2,883 | |
Eregli Demir ve Celik Fabrikalari TAS | 2,452,321 | 2,827 | ||
Aselsan Elektronik Sanayi Ve Ticaret AS | 531,759 | 2,069 | ||
Haci Omer Sabanci Holding AS (Bearer) | 1,600,906 | 1,870 | ||
* | Turkiye Is Bankasi AS | 2,580,922 | 1,832 | |
* | Turk Hava Yollari AO | 1,024,112 | 1,567 | |
* | Turkiye Vakiflar Bankasi TAO | 1,816,459 | 1,178 | |
Ford Otomotiv Sanayi AS | 119,632 | 1,080 | ||
Enka Insaat ve Sanayi AS | 1,229,328 | 1,065 | ||
* | Yapi ve Kredi Bankasi AS | 3,217,671 | 969 | |
Anadolu Efes Biracilik Ve Malt Sanayii AS | 366,049 | 960 | ||
* | Turk Telekomunikasyon AS | 889,470 | 940 | |
* | Petkim Petrokimya Holding AS | 1,753,565 | 891 | |
TAV Havalimanlari Holding AS | 307,372 | 801 | ||
* | Koza Altin Isletmeleri AS | 76,980 | 785 | |
Tofas Turk Otomobil Fabrikasi AS | 238,966 | 764 | ||
Turkiye Sise ve Cam Fabrikalari AS | 1,043,950 | 725 |
53
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Arcelik AS | 288,184 | 676 | |
Tekfen Holding AS | 305,173 | 623 | ||
Coca-Cola Icecek AS | 114,036 | 603 | ||
Iskenderun Demir ve Celik AS | 383,053 | 378 | ||
48,205 | ||||
United Arab Emirates (0.2%) | ||||
First Abu Dhabi Bank PJSC | 8,002,248 | 24,954 | ||
Emirates Telecommunications Group Co. PJSC | 3,165,394 | 13,302 | ||
Abu Dhabi Commercial Bank PJSC | 4,874,597 | 5,858 | ||
DP World plc | 296,370 | 4,733 | ||
Emaar Properties PJSC | 6,374,547 | 4,675 | ||
Aldar Properties PJSC | 7,077,505 | 3,455 | ||
Dubai Islamic Bank PJSC | 3,350,223 | 3,342 | ||
Abu Dhabi Islamic Bank PJSC | 1,610,152 | 1,565 | ||
Air Arabia PJSC | 4,332,397 | 1,339 | ||
Emaar Malls PJSC | 3,735,923 | 1,302 | ||
Dana Gas PJSC | 6,505,377 | 1,297 | ||
* | Dubai Investments PJSC | 3,858,174 | 1,251 | |
Emaar Development PJSC | 1,361,907 | 848 | ||
Dubai Financial Market PJSC | 2,767,106 | 551 | ||
* | DAMAC Properties Dubai Co. PJSC | 2,890,982 | 484 | |
68,956 | ||||
United Kingdom (9.8%) | ||||
AstraZeneca plc | 2,401,828 | 251,214 | ||
HSBC Holdings plc | 37,060,720 | 190,492 | ||
GlaxoSmithKline plc | 8,970,144 | 187,142 | ||
British American Tobacco plc | 4,171,416 | 160,785 | ||
Diageo plc | 4,221,060 | 145,332 | ||
BP plc | 36,455,994 | 143,653 | ||
Royal Dutch Shell plc Class A | 7,650,000 | 125,953 | ||
Royal Dutch Shell plc Class B | 6,756,497 | 108,163 | ||
Unilever plc | 1,993,748 | 102,663 | ||
Reckitt Benckiser Group plc | 1,151,194 | 95,895 | ||
Rio Tinto plc | 2,012,646 | 93,425 | ||
National Grid plc | 6,365,807 | 74,600 | ||
Vodafone Group plc | 49,129,270 | 69,306 | ||
Prudential plc | 4,755,939 | 67,094 | ||
BHP Group plc | 3,806,460 | 63,892 | ||
London Stock Exchange Group plc | 572,824 | 53,615 | ||
Tesco plc | 17,700,909 | 52,356 | ||
Lloyds Banking Group plc | 127,968,284 | 51,777 | ||
Experian plc | 1,659,602 | 49,839 | ||
Compass Group plc | 2,899,074 | 48,784 | ||
RELX plc | 1,945,267 | 43,889 | ||
Barclays plc | 31,453,784 | 42,001 | ||
CRH plc (XLON) | 1,389,618 | 41,898 | ||
Anglo American plc | 2,256,950 | 40,140 | ||
BAE Systems plc | 5,867,166 | 37,424 | ||
Glencore plc | 19,853,768 | 37,195 | ||
Imperial Brands plc | 1,746,797 | 36,750 | ||
Smith & Nephew plc | 1,599,569 | 31,302 | ||
Ferguson plc | 415,043 | 29,926 | ||
SSE plc | 1,892,387 | 29,683 | ||
Legal & General Group plc | 10,836,366 | 27,861 | ||
Standard Chartered plc | 4,815,136 | 24,604 | ||
BT Group plc | 15,957,230 | 23,258 | ||
Ashtead Group plc | 821,956 | 22,452 | ||
Aviva plc | 7,141,661 | 21,597 | ||
Segro plc | 1,992,963 | 20,889 | ||
Rentokil Initial plc | 3,387,348 | 20,154 | ||
Halma plc | 692,548 | 18,207 | ||
Intertek Group plc | 295,270 | 17,622 | ||
3i Group plc | 1,744,307 | 17,136 | ||
WPP plc | 2,195,863 | 17,038 |
54
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
* | Ocado Group plc | 827,983 | 16,723 | |
Persimmon plc | 576,989 | 15,986 | ||
Sage Group plc | 1,982,821 | 15,947 | ||
Associated British Foods plc | 638,199 | 15,151 | ||
InterContinental Hotels Group plc | 332,434 | 15,143 | ||
Spirax-Sarco Engineering plc | 134,598 | 14,730 | ||
United Utilities Group plc | 1,247,925 | 14,126 | ||
Croda International plc | 227,656 | 13,960 | ||
Next plc | 232,761 | 13,858 | ||
Informa plc | 2,508,463 | 13,856 | ||
Smurfit Kappa Group plc | 436,775 | 13,741 | ||
*,1 | Just Eat Takeaway | 132,460 | 13,563 | |
Bunzl plc | 614,308 | 13,333 | ||
Severn Trent plc | 435,141 | 13,058 | ||
Rolls-Royce Holdings plc | 3,148,788 | 13,033 | ||
DCC plc | 180,156 | 12,811 | ||
Burberry Group plc | 736,984 | 12,797 | ||
Polymetal International plc | 617,159 | 12,639 | ||
Mondi plc (XLON) | 687,953 | 12,149 | ||
Barratt Developments plc | 1,834,251 | 11,958 | ||
Standard Life Aberdeen plc | 4,234,125 | 11,727 | ||
Royal Bank of Scotland Group plc | 8,313,222 | 11,598 | ||
Smiths Group plc | 723,377 | 11,263 | ||
Berkeley Group Holdings plc | 214,291 | 11,249 | ||
Admiral Group plc | 378,926 | 11,057 | ||
Melrose Industries plc | 8,831,503 | 11,039 | ||
Taylor Wimpey plc | 5,927,579 | 10,947 | ||
Land Securities Group plc | 1,307,407 | 10,903 | ||
Pennon Group plc | 768,816 | 10,587 | ||
St. James's Place plc | 962,918 | 10,253 | ||
Hargreaves Lansdown plc | 558,109 | 10,099 | ||
Rightmove plc | 1,610,817 | 10,072 | ||
GVC Holdings plc | 1,059,178 | 10,054 | ||
1 | Auto Trader Group plc | 1,653,432 | 9,518 | |
Wm Morrison Supermarkets plc | 4,028,881 | 9,259 | ||
Whitbread plc | 244,461 | 9,170 | ||
DS Smith plc | 2,322,303 | 9,106 | ||
Coca-Cola HBC AG | 354,919 | 8,993 | ||
Johnson Matthey plc | 350,285 | 8,777 | ||
British Land Co. plc | 1,711,183 | 8,729 | ||
RSA Insurance Group plc | 1,894,196 | 8,585 | ||
Direct Line Insurance Group plc | 2,519,631 | 8,585 | ||
Pearson plc | 1,398,988 | 8,068 | ||
M&G plc | 4,778,303 | 7,922 | ||
Kingfisher plc | 3,879,410 | 7,696 | ||
Tate & Lyle plc | 857,557 | 7,684 | ||
Hikma Pharmaceuticals plc | 256,471 | 7,639 | ||
Bellway plc | 226,094 | 7,565 | ||
J Sainsbury plc | 2,967,820 | 7,386 | ||
Phoenix Group Holdings plc | 968,284 | 7,348 | ||
1 | ConvaTec Group plc | 2,679,391 | 7,156 | |
Intermediate Capital Group plc | 504,976 | 7,144 | ||
Derwent London plc | 182,742 | 7,141 | ||
HomeServe plc | 500,627 | 7,013 | ||
Howden Joinery Group plc | 1,054,530 | 6,954 | ||
Schroders plc | 205,378 | 6,860 | ||
ITV plc | 6,807,330 | 6,536 | ||
B&M European Value Retail SA | 1,559,879 | 6,523 | ||
Antofagasta plc | 634,458 | 6,497 | ||
Travis Perkins plc | 464,218 | 6,062 | ||
1 | Avast plc | 993,970 | 5,725 | |
Weir Group plc | 472,711 | 5,649 | ||
Centrica plc | 10,620,163 | 5,312 | ||
1 | Quilter plc | 3,406,021 | 5,268 |
55
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||
JD Sports Fashion plc | 779,092 | 5,164 | ||
AVEVA Group plc | 114,503 | 5,139 | ||
IMI plc | 492,163 | 5,118 | ||
Meggitt plc | 1,426,220 | 4,994 | ||
Inchcape plc | 730,985 | 4,605 | ||
Hiscox Ltd. | 511,811 | 4,503 | ||
Marks & Spencer Group plc | 3,540,722 | 4,125 | ||
Ashmore Group plc | 831,188 | 3,963 | ||
Carnival plc | 279,370 | 3,850 | ||
G4S plc | 2,801,434 | 3,846 | ||
Evraz plc | 1,002,627 | 3,323 | ||
Micro Focus International plc | 530,158 | 3,143 | ||
John Wood Group plc | 1,206,114 | 3,054 | ||
Fresnillo plc | 337,201 | 2,995 | ||
Renishaw plc | 61,533 | 2,723 | ||
Investec plc | 1,285,733 | 2,639 | ||
easyJet plc | 348,341 | 2,639 | ||
Babcock International Group plc | 471,960 | 2,500 | ||
International Consolidated Airlines Group SA (London Shares) | 815,577 | 2,275 | ||
^ | TUI AG (XLON) | 548,969 | 2,187 | |
* | Virgin Money UK plc | 2,278,662 | 2,173 | |
KAZ Minerals plc | 410,809 | 2,137 | ||
Cineworld Group plc | 1,822,919 | 1,503 | ||
* | Ninety One plc | 627,665 | 1,342 | |
Micro Focus International plc ADR | 66,798 | 396 | ||
British American Tobacco plc ADR | 7,788 | 297 | ||
§ | NMC Health plc | 140,418 | — | |
3,468,919 | ||||
Total Common Stocks (Cost $35,558,221) | 34,816,001 |
Coupon | |||||||
Temporary Cash Investments (2.8%) | |||||||
Money Market Fund (2.6%) | |||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 9,042,267 | 904,227 | |||
Maturity Date | Face Amount ($000) | ||||||
U.S. Government and Agency Obligations (0.2%) | |||||||
4 | United States Cash Management Bill | 0.100%-0.103% | 7/14/20 | 58,000 | 57,988 | ||
4 | United States Cash Management Bill | 0.210% | 9/15/20 | 2,150 | 2,149 | ||
4 | United States Cash Management Bill | 0.116% | 9/29/20 | 8,500 | 8,495 | ||
4 | United States Treasury Bill | 1.551% | 5/14/20 | 3,000 | 3,000 | ||
4 | United States Treasury Bill | 1.551% | 5/21/20 | 3,600 | 3,600 | ||
4 | United States Treasury Bill | 0.087% | 9/24/20 | 400 | 400 | ||
75,632 | |||||||
Total Temporary Cash Investments (Cost $979,803) | 979,859 | ||||||
Total Investments (101.2%) (Cost $36,538,024) | 35,795,860 | ||||||
Other Assets and Liabilities—Net (-1.2%)3,4,5 | (428,871 | ) | |||||
Net Assets (100%) | 35,366,989 |
Cost rounded to $000. | |
* | Non-income-producing security. |
§ | Security value determined using significant unobservable inputs. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $591,284,000. |
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 April 30, 2020, the aggregate value of these securities was $688,406,000, representing 1.9% of net assets. |
56
Vanguard® FTSE All-World ex-US Index Fund
Schedule of Investments
April 30, 2020
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 $635,330,000 was received for securities on loan, of which $634,075,000 is held in Vanguard Market Liquidity Fund and $1,255,000 is held in cash. |
4 | Securities with a value of $75,632,000 and cash of $391,000 have been segregated as initial margin for open futures contracts. |
5 | Cash of $1,530,000 has been segregated as collateral for open forward currency contracts. |
ADR—American Depositary Receipt. | |
GDR—Global Depositary Receipt. | |
NVDR—Non-Voting Depository Receipt. | |
REIT—Real Estate Investment Trust. |
57
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market Value | |||||
Shares | ($000 | ) | |||
Common Stocks (99.1%) | |||||
Australia (4.5%) | |||||
* | Saracen Mineral Holdings Ltd. | 3,212,225 | 8,810 | ||
* | NEXTDC Ltd. | 1,249,228 | 7,129 | ||
carsales.com Ltd. | 620,722 | 5,678 | |||
Appen Ltd. | 316,353 | 5,227 | |||
Steadfast Group Ltd. | 2,494,068 | 4,925 | |||
Mineral Resources Ltd. | 405,120 | 4,366 | |||
Breville Group Ltd. | 379,948 | 4,300 | |||
IGO Ltd. | 1,411,117 | 4,281 | |||
nib holdings Ltd. | 1,334,884 | 4,266 | |||
Reliance Worldwide Corp. Ltd. | 2,302,892 | 4,051 | |||
Regis Resources Ltd. | 1,365,159 | 3,904 | |||
Nine Entertainment Co. Holdings Ltd. | 4,242,282 | 3,902 | |||
Link Administration Holdings Ltd. | 1,510,085 | 3,685 | |||
Charter Hall Long Wale REIT | 1,259,852 | 3,652 | |||
IRESS Ltd. | 500,318 | 3,649 | |||
Cromwell Property Group | 6,994,017 | 3,565 | |||
St. Barbara Ltd. | 2,022,210 | 3,328 | |||
BWP Trust | 1,423,325 | 3,253 | |||
Viva Energy REIT | 1,945,516 | 3,040 | |||
* | Nanosonics Ltd. | 674,048 | 3,004 | ||
* | Silver Lake Resources Ltd. | 2,368,884 | 2,926 | ||
1 | Viva Energy Group Ltd. | 3,098,113 | 2,896 | ||
Pendal Group Ltd. | 805,877 | 2,862 | |||
*,^ | Mesoblast Ltd. | 1,325,497 | 2,829 | ||
Healius Ltd. | 1,672,676 | 2,798 | |||
* | Megaport Ltd. | 357,777 | 2,753 | ||
Technology One Ltd. | 434,401 | 2,665 | |||
Bapcor Ltd. | 834,788 | 2,658 | |||
Elders Ltd. | 449,982 | 2,523 | |||
* | Gold Road Resources Ltd. | 2,465,874 | 2,518 | ||
National Storage REIT | 2,201,860 | 2,473 | |||
* | PolyNovo Ltd. | 1,706,718 | 2,371 | ||
Premier Investments Ltd. | 234,916 | 2,354 | |||
InvoCare Ltd. | 339,458 | 2,270 | |||
* | Lynas Corp. Ltd. | 2,017,574 | 2,259 | ||
Bravura Solutions Ltd. | 704,510 | 2,200 | |||
Charter Hall Retail REIT (XASX) | 1,068,156 | 2,198 | |||
IPH Ltd. | 457,084 | 2,186 | |||
Bingo Industries Ltd. | 1,387,534 | 2,101 | |||
Costa Group Holdings Ltd. | 1,103,768 | 2,062 | |||
* | Perseus Mining Ltd. | 3,386,077 | 2,046 | ||
Pro Medicus Ltd. | 120,928 | 2,035 | |||
^ | Corporate Travel Management Ltd. | 244,765 | 2,004 | ||
Austal Ltd. | 920,872 | 1,998 | |||
Bega Cheese Ltd. | 615,408 | 1,927 | |||
Ingenia Communities Group | 785,190 | 1,897 | |||
ARB Corp. Ltd. | 193,109 | 1,896 | |||
^ | Blackmores Ltd. | 38,580 | 1,894 | ||
* | United Malt Grp Ltd. | 677,176 | 1,880 | ||
AP Eagers Ltd. | 567,002 | 1,876 | |||
Monadelphous Group Ltd. | 257,499 | 1,872 | |||
* | Avita Medical Ltd. | 6,138,204 | 1,820 | ||
* | Resolute Mining Ltd. | 3,003,390 | 1,789 | ||
Omni Bridgeway Ltd. | 671,625 | 1,752 | |||
Abacus Property Group | 1,059,117 | 1,727 | |||
Super Retail Group Ltd. | 417,047 | 1,701 | |||
Growthpoint Properties Australia Ltd. | 825,655 | 1,656 | |||
^ | Clinuvel Pharmaceuticals Ltd. | 111,722 | 1,583 | ||
* | GrainCorp Ltd. Class A | 672,826 | 1,545 | ||
Ramelius Resources Ltd. | 1,804,067 | 1,533 | |||
AUB Group Ltd. | 200,660 | 1,521 |
58
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market Value | |||||
Shares | ($000 | ) | |||
Brickworks Ltd. | 170,794 | 1,507 | |||
Collins Foods Ltd. | 316,508 | 1,505 | |||
Codan Ltd. | 355,970 | 1,498 | |||
* | Champion Iron Ltd. | 1,163,137 | 1,496 | ||
Centuria Office REIT | 1,180,723 | 1,488 | |||
GUD Holdings Ltd. | 250,050 | 1,484 | |||
Webjet Ltd. | 750,479 | 1,471 | |||
Tassal Group Ltd. | 600,537 | 1,465 | |||
Centuria Industrial REIT | 849,850 | 1,457 | |||
* | EML Payments Ltd. | 804,555 | 1,453 | ||
^ | Credit Corp. Group Ltd. | 136,088 | 1,449 | ||
Sandfire Resources Ltd. | 493,438 | 1,432 | |||
GWA Group Ltd. | 747,586 | 1,342 | |||
NRW Holdings Ltd. | 1,219,107 | 1,334 | |||
Select Harvests Ltd. | 282,691 | 1,329 | |||
* | Zip Co. Ltd. | 875,433 | 1,324 | ||
Aventus Group | 1,183,087 | 1,308 | |||
Arena REIT | 881,365 | 1,292 | |||
* | Mayne Pharma Group Ltd. | 4,764,332 | 1,272 | ||
Service Stream Ltd. | 988,184 | 1,257 | |||
Inghams Group Ltd. | 543,941 | 1,232 | |||
Sigma Healthcare Ltd. | 3,074,147 | 1,207 | |||
Rural Funds Group | 941,507 | 1,189 | |||
Netwealth Group Ltd. | 241,104 | 1,181 | |||
* | Westgold Resources Ltd. | 896,813 | 1,178 | ||
Jumbo Interactive Ltd. | 148,822 | 1,169 | |||
Perenti Global Ltd. | 1,987,532 | 1,169 | |||
* | Cooper Energy Ltd. | 4,087,798 | 1,136 | ||
G8 Education Ltd. | 1,967,107 | 1,103 | |||
* | Centuria Capital Group | 1,054,811 | 1,099 | ||
Charter Hall Social Infrastructure REIT | 673,568 | 1,066 | |||
Data#3 Ltd. | 426,851 | 1,065 | |||
Western Areas Ltd. | 755,468 | 1,065 | |||
* | nearmap Ltd. | 1,087,874 | 1,064 | ||
Freedom Foods Group Ltd. | 371,629 | 1,042 | |||
* | Australian Agricultural Co. Ltd. | 1,314,762 | 991 | ||
*,^ | Orocobre Ltd. | 650,180 | 944 | ||
* | PointsBet Holdings Pty Ltd. | 334,743 | 912 | ||
SeaLink Travel Group Ltd. | 381,129 | 892 | |||
Australian Pharmaceutical Industries Ltd. | 1,162,235 | 881 | |||
SmartGroup Corp. Ltd. | 251,688 | 880 | |||
GDI Property Group | 1,299,641 | 879 | |||
Integral Diagnostics Ltd. | 412,697 | 867 | |||
*,^ | Bubs Australia Ltd. | 1,483,979 | 863 | ||
* | Electro Optic Systems Holdings Ltd. | 285,590 | 860 | ||
oOh!media Ltd. | 1,293,880 | 856 | |||
Mount Gibson Iron Ltd. | 2,037,321 | 834 | |||
HUB24 Ltd. | 130,335 | 820 | |||
Genworth Mortgage Insurance Australia Ltd. | 583,580 | 807 | |||
*,^ | Pilbara Minerals Ltd. | 5,619,967 | 789 | ||
* | Emeco Holdings Ltd. | 1,038,574 | 783 | ||
BWX Ltd. | 328,188 | 765 | |||
Lovisa Holdings Ltd. | 158,373 | 755 | |||
Jupiter Mines Ltd. | 4,261,417 | 749 | |||
Infigen Energy | 1,940,921 | 743 | |||
* | Pact Group Holdings Ltd. | 591,966 | 732 | ||
Accent Group Ltd. | 965,512 | 727 | |||
Macmahon Holdings Ltd. | 5,048,688 | 723 | |||
* | Starpharma Holdings Ltd. | 1,063,730 | 722 | ||
Asaleo Care Ltd. | 1,058,611 | 709 | |||
Hotel Property Investments | 431,495 | 686 | |||
MyState Ltd. | 267,429 | 681 | |||
Estia Health Ltd. | 692,772 | 671 | |||
New Hope Corp. Ltd. | 671,461 | 671 |
59
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
McMillan Shakespeare Ltd. | 153,520 | 663 | |||
1 | Coronado Global Resources Inc. | 862,236 | 661 | ||
*,^ | Paradigm Biopharmaceuticals Ltd. | 471,422 | 586 | ||
*,^ | Galaxy Resources Ltd. | 1,166,273 | 572 | ||
Southern Cross Media Group Ltd. | 6,138,732 | 555 | |||
* | Carnarvon Petroleum Ltd. | 4,364,758 | 534 | ||
OFX Group Ltd. | 642,504 | 513 | |||
* | Senex Energy Ltd. | 3,718,007 | 512 | ||
* | Karoon Energy Ltd. | 1,449,772 | 511 | ||
HT&E Ltd. | 691,636 | 503 | |||
FlexiGroup Ltd. | 859,892 | 502 | |||
Cedar Woods Properties Ltd. | 178,882 | 490 | |||
Aurelia Metals Ltd. | 2,316,319 | 481 | |||
Village Roadshow Ltd. | 312,409 | 454 | |||
* | Superloop Ltd. | 857,047 | 436 | ||
* | Eclipx Group Ltd. | 903,121 | 421 | ||
* | AMA Group Ltd. | 1,497,773 | 409 | ||
Regis Healthcare Ltd. | 400,082 | 387 | |||
MACA Ltd. | 743,638 | 355 | |||
Virtus Health Ltd. | 177,446 | 353 | |||
*,^,§ | SpeedCast International Ltd. | 631,077 | 325 | ||
*,^ | Myer Holdings Ltd. | 2,337,889 | 301 | ||
SG Fleet Group Ltd. | 338,624 | 295 | |||
Navigator Global Investments Ltd. | 346,003 | 292 | |||
Vita Group Ltd. | 408,274 | 288 | |||
* | Dacian Gold Ltd. | 1,182,882 | 274 | ||
Japara Healthcare Ltd. | 728,831 | 236 | |||
* | Clean TeQ Holdings Ltd. | 1,594,332 | 216 | ||
*,^ | Syrah Resources Ltd. | 1,210,664 | 181 | ||
WPP AUNZ Ltd. | 946,694 | 153 | |||
* | New Century Resources Ltd. | 1,555,577 | 152 | ||
* | Seven West Media Ltd. | 2,614,363 | 144 | ||
* | Cardno Ltd. | 791,450 | 129 | ||
* | Intega Group Ltd. | 601,765 | 106 | ||
Decmil Group Ltd. | 546,477 | 78 | |||
* | Castile Resources Ltd. | 515,477 | 55 | ||
*,^ | Liquefied Natural Gas Ltd. | 1,600,429 | 45 | ||
JB Hi-Fi Ltd. | 1,653 | 37 | |||
Charter Hall Retail REIT | 5,422 | 11 | |||
*,§ | SGH Energy Pty Ltd. | 1,906,834 | — | ||
*,§ | DSHE Holdings Ltd. | 201,826 | — | ||
257,405 | |||||
Austria (0.7%) | |||||
CA Immobilien Anlagen AG | 201,597 | 6,400 | |||
Wienerberger AG | 336,266 | 6,298 | |||
1 | BAWAG Group AG | 167,237 | 5,684 | ||
Immofinanz AG | 237,214 | 4,380 | |||
*,^ | Oesterreichische Post AG | 96,333 | 3,630 | ||
S Immo AG | 150,711 | 2,798 | |||
*,^ | Lenzing AG | 38,797 | 2,218 | ||
UNIQA Insurance Group AG | 323,314 | 2,180 | |||
Evn AG | 87,075 | 1,361 | |||
Strabag SE | 47,283 | 1,324 | |||
Do & Co AG | 19,541 | 975 | |||
Schoeller-Bleckmann Oilfield Equipment AG | 32,695 | 966 | |||
Flughafen Wien AG | 29,647 | 865 | |||
* | Palfinger AG | 29,902 | 646 | ||
Agrana Beteiligungs AG | 32,093 | 591 | |||
* | Zumtobel Group AG | 82,721 | 534 | ||
^ | Porr AG | 27,820 | 479 | ||
Kapsch TrafficCom AG | 14,060 | 274 | |||
41,603 | |||||
Belgium (1.5%) | |||||
Warehouses De Pauw CVA | 386,576 | 10,605 |
60
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
Cofinimmo SA | 75,639 | 10,516 | |||
Aedifica SA | 72,011 | 6,979 | |||
Euronav NV | 468,412 | 5,232 | |||
Barco NV | 28,362 | 4,525 | |||
Ontex Group NV | 233,388 | 4,256 | |||
Fagron | 177,894 | 4,011 | |||
KBC Ancora | 103,403 | 3,631 | |||
D'ieteren SA/NV | 66,394 | 3,327 | |||
Melexis NV | 53,749 | 3,269 | |||
* | Montea C.V.A | 36,943 | 3,247 | ||
Gimv NV | 53,738 | 2,952 | |||
Befimmo SA | 62,168 | 2,775 | |||
* | VGP NV | 20,299 | 2,349 | ||
Bekaert SA | 101,710 | 2,150 | |||
* | Tessenderlo Chemie NV (Voting Shares) | 75,334 | 2,104 | ||
bpost SA | 291,611 | 2,035 | |||
* | AGFA-Gevaert NV | 488,027 | 1,933 | ||
Retail Estates NV | 29,719 | 1,606 | |||
Cie d'Entreprises CFE | 20,255 | 1,572 | |||
Kinepolis Group NV | 37,433 | 1,409 | |||
Orange Belgium SA | 81,580 | 1,357 | |||
*,^ | Mithra Pharmaceuticals SA | 42,025 | 1,049 | ||
Econocom Group SA/NV | 367,068 | 707 | |||
EVS Broadcast Equipment SA | 37,995 | 581 | |||
*,^ | Ion Beam Applications | 58,880 | 488 | ||
Van de Velde NV | 16,807 | 425 | |||
* | Wereldhave Belgium Comm VA | 6,841 | 391 | ||
Elia Group SA/NV | 471 | 54 | |||
85,535 | |||||
Brazil (0.8%) | |||||
* | Marfrig Global Foods SA | 1,412,803 | 3,336 | ||
MRV Engenharia e Participacoes SA | 853,500 | 2,378 | |||
* | Minerva SA | 985,792 | 2,223 | ||
* | Linx SA | 479,134 | 1,913 | ||
Metalurgica Gerdau SA Preference Shares Class A | 1,914,500 | 1,813 | |||
Banco Inter SA Ordinary Shares | 969,700 | 1,676 | |||
Cia de Saneamento de Minas Gerais-COPASA | 181,370 | 1,601 | |||
Iguatemi Empresa de Shopping Centers SA | 255,000 | 1,544 | |||
* | Ez Tec Empreendimentos e Participacoes SA | 236,422 | 1,313 | ||
* | Alupar Investimento SA | 308,609 | 1,281 | ||
* | Banco Pan SA Preference Shares | 1,377,200 | 1,274 | ||
AES Tiete Energia SA | 464,365 | 1,238 | |||
* | Light SA | 577,400 | 1,206 | ||
* | Omega Geracao SA | 209,300 | 1,154 | ||
SLC Agricola SA | 260,700 | 1,151 | |||
* | EcoRodovias Infraestrutura e Logistica SA | 584,100 | 1,127 | ||
Cia Hering | 366,200 | 1,007 | |||
Arezzo Industria e Comercio SA | 125,400 | 980 | |||
BR Properties SA | 595,706 | 957 | |||
* | Grupo SBF SA | 162,200 | 943 | ||
Construtora Tenda SA | 214,236 | 916 | |||
Iochpe Maxion SA | 376,644 | 880 | |||
Marcopolo SA Preference Shares | 1,653,132 | 869 | |||
Randon Participacoes SA Preference Shares | 523,588 | 818 | |||
BK Brasil Operacao e Assessoria a Restaurantes SA | 460,400 | 801 | |||
* | Anima Holding SA | 189,162 | 792 | ||
Movida Participacoes SA | 387,600 | 770 | |||
Banco Inter SA | 135,952 | 688 | |||
LOG Commercial Properties e Participacoes SA | 143,665 | 604 | |||
* | Unipar Carbocloro SA Preference Shares | 138,426 | 596 | ||
Santos Brasil Participacoes SA | 775,430 | 582 | |||
* | Petro Rio SA | 144,900 | 545 | ||
Camil Alimentos SA | 362,100 | 543 | |||
1 | Ser Educacional SA | 171,998 | 538 |
61
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
JSL SA | 154,500 | 534 | |||
Instituto Hermes Pardini SA | 133,200 | 476 | |||
1 | Banco Inter SA Preference Shares | 275,000 | 472 | ||
JHSF Participacoes SA | 591,000 | 452 | |||
Tupy SA | 165,331 | 450 | |||
Smiles Fidelidade SA | 168,500 | 443 | |||
* | Jereissati Participacoes SA | 101,400 | 419 | ||
* | Even Construtora e Incorporadora SA | 316,822 | 393 | ||
Wiz Solucoes e Corretagem de Seguros SA | 233,700 | 392 | |||
Mahle-Metal Leve SA | 112,800 | 365 | |||
Direcional Engenharia SA | 216,994 | 351 | |||
* | Enauta Participacoes SA | 206,400 | 347 | ||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | 207,472 | 340 | |||
* | Alliar Medicos A Frente SA | 154,000 | 297 | ||
Dimed SA Distribuidora da Medicamentos | 28,970 | 125 | |||
45,913 | |||||
Canada (14.1%) | |||||
Kirkland Lake Gold Ltd. | 769,978 | 31,829 | |||
Open Text Corp. | 758,159 | 28,650 | |||
Emera Inc. | 707,993 | 28,183 | |||
* | Kinross Gold Corp. | 3,635,538 | 24,003 | ||
^ | Algonquin Power & Utilities Corp. | 1,513,915 | 20,991 | ||
WSP Global Inc. | 305,886 | 20,527 | |||
Canadian Apartment Properties REIT | 493,886 | 16,996 | |||
B2Gold Corp. | 2,929,900 | 14,818 | |||
TMX Group Ltd. | 162,711 | 14,096 | |||
Ritchie Bros Auctioneers Inc. | 315,376 | 13,574 | |||
CCL Industries Inc. Class B | 433,002 | 13,535 | |||
Yamana Gold Inc. | 2,769,431 | 13,052 | |||
CAE Inc. | 780,020 | 12,889 | |||
Pan American Silver Corp. | 601,406 | 12,789 | |||
* | Stars Group Inc. (XTSE) | 457,833 | 12,772 | ||
Allied Properties REIT | 361,095 | 11,560 | |||
Cameco Corp. | 1,157,158 | 11,505 | |||
Onex Corp. | 240,420 | 11,082 | |||
Empire Co. Ltd. | 494,775 | 10,923 | |||
Toromont Industries Ltd. | 231,350 | 10,870 | |||
* | Descartes Systems Group Inc. | 245,727 | 10,329 | ||
Parkland Fuel Corp. | 430,688 | 10,189 | |||
iA Financial Corp. Inc. | 313,786 | 10,187 | |||
First Quantum Minerals Ltd. | 1,633,715 | 9,976 | |||
Northland Power Inc. | 461,727 | 9,908 | |||
AltaGas Ltd. | 805,514 | 9,629 | |||
Stantec Inc. | 323,710 | 9,542 | |||
^ | SNC-Lavalin Group Inc. | 514,804 | 9,494 | ||
^ | Keyera Corp. | 629,941 | 9,345 | ||
Element Fleet Management Corp. | 1,255,094 | 9,260 | |||
Lundin Mining Corp. | 1,872,796 | 9,176 | |||
Alamos Gold Inc. Class A | 1,139,099 | 9,174 | |||
Gildan Activewear Inc. | 587,367 | 8,195 | |||
Boyd Group Services Inc. | 57,838 | 8,138 | |||
* | NovaGold Resources Inc. | 700,406 | 7,860 | ||
FirstService Corp. | 89,740 | 7,759 | |||
* | Kinaxis Inc. | 75,028 | 7,542 | ||
Tourmaline Oil Corp. | 737,355 | 7,310 | |||
Quebecor Inc. Class B | 335,608 | 7,308 | |||
Granite REIT | 157,913 | 7,215 | |||
Choice Properties REIT | 748,087 | 6,782 | |||
CI Financial Corp. | 611,164 | 6,494 | |||
TFI International Inc. | 229,427 | 6,362 | |||
* | SSR Mining Inc. | 359,608 | 6,301 |
62
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
Atco Ltd. Class I | 222,186 | 6,240 | |||
* | BlackBerry Ltd. | 1,455,405 | 6,211 | ||
Finning International Inc. | 480,831 | 6,104 | |||
Gibson Energy Inc. | 422,041 | 6,012 | |||
Capital Power Corp. | 309,321 | 5,987 | |||
*,^ | Cronos Group Inc. | 1,002,847 | 5,937 | ||
^ | H&R REIT | 837,434 | 5,932 | ||
SmartCentres REIT | 372,362 | 5,703 | |||
^ | Premium Brands Holdings Corp. | 94,308 | 5,687 | ||
Colliers International Group Inc. | 101,606 | 5,576 | |||
* | Air Canada Class B | 378,055 | 5,497 | ||
Centerra Gold Inc. | 630,195 | 5,039 | |||
Innergex Renewable Energy Inc. | 372,969 | 5,005 | |||
^ | PrairieSky Royalty Ltd. | 675,210 | 4,938 | ||
TransAlta Corp. | 835,150 | 4,914 | |||
West Fraser Timber Co. Ltd. | 173,370 | 4,825 | |||
* | IAMGOLD Corp. | 1,355,372 | 4,742 | ||
^ | Primo Water Corp. | 458,243 | 4,691 | ||
* | Parex Resources Inc. | 403,865 | 4,428 | ||
* | Eldorado Gold Corp. | 463,098 | 4,415 | ||
* | Alacer Gold Corp. | 855,980 | 4,391 | ||
ARC Resources Ltd. | 1,027,884 | 4,335 | |||
Enghouse Systems Ltd. | 113,283 | 4,244 | |||
Maple Leaf Foods Inc. | 228,146 | 4,217 | |||
*,^ | Canada Goose Holdings Inc. | 172,091 | 4,110 | ||
* | Pretium Resources Inc. | 531,631 | 4,060 | ||
Chartwell Retirement Residences | 625,579 | 4,018 | |||
First Capital REIT | 389,477 | 4,015 | |||
* | Ivanhoe Mines Ltd. | 1,913,906 | 4,015 | ||
^ | Canadian Western Bank | 252,514 | 3,996 | ||
Stella-Jones Inc. | 159,542 | 3,977 | |||
* | Endeavour Mining Corp. | 218,490 | 3,934 | ||
Osisko Gold Royalties Ltd. | 418,611 | 3,822 | |||
* | First Majestic Silver Corp. | 468,558 | 3,784 | ||
* | Torex Gold Resources Inc. | 248,670 | 3,539 | ||
Northview Apartment REIT | 139,128 | 3,518 | |||
Methanex Corp. | 220,844 | 3,511 | |||
BRP Inc. | 115,228 | 3,449 | |||
^ | Cominar REIT | 531,745 | 3,243 | ||
Linamar Corp. | 134,946 | 3,242 | |||
* | ATS Automation Tooling Systems Inc. | 216,254 | 3,208 | ||
* | Great Canadian Gaming Corp. | 162,215 | 3,159 | ||
^ | TransAlta Renewables Inc. | 281,322 | 3,040 | ||
Winpak Ltd. | 90,891 | 3,027 | |||
Superior Plus Corp. | 420,592 | 2,985 | |||
Laurentian Bank of Canada | 123,713 | 2,763 | |||
*,^ | OceanaGold Corp. | 1,812,508 | 2,761 | ||
^ | Genworth MI Canada Inc. | 108,708 | 2,680 | ||
North West Co. Inc. | 139,121 | 2,629 | |||
* | SEMAFO Inc. | 983,392 | 2,473 | ||
*,^ | Aurora Cannabis Inc. | 3,306,244 | 2,423 | ||
Cogeco Communications Inc. | 32,664 | 2,415 | |||
* | Canadian Solar Inc. | 131,921 | 2,353 | ||
Norbord Inc. | 142,624 | 2,314 | |||
Artis REIT | 358,324 | 2,250 | |||
Crescent Point Energy Corp. | 1,594,763 | 2,223 | |||
* | Home Capital Group Inc. Class B | 165,214 | 2,211 | ||
Cineplex Inc. | 183,396 | 2,192 | |||
*,^ | Bombardier Inc. Class B | 6,218,725 | 2,189 | ||
^ | Dream Office REIT | 139,159 | 2,171 | ||
* | Lightspeed POS Inc. | 113,722 | 2,154 | ||
^ | Boardwalk REIT | 112,504 | 2,149 | ||
*,^ | Aphria Inc. | 592,017 | 2,101 | ||
^ | Vermilion Energy Inc. | 406,754 | 2,002 |
63
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
* | Celestica Inc. | 317,722 | 1,984 | ||
^ | Transcontinental Inc. Class A | 215,250 | 1,950 | ||
Russel Metals Inc. | 179,435 | 1,944 | |||
Cascades Inc. | 191,810 | 1,920 | |||
Aecon Group Inc. | 172,982 | 1,900 | |||
NFI Group Inc. | 163,896 | 1,875 | |||
ECN Capital Corp. | 647,150 | 1,836 | |||
Enerplus Corp. | 651,600 | 1,755 | |||
Hudbay Minerals Inc. | 690,942 | 1,688 | |||
* | MEG Energy Corp. | 731,611 | 1,635 | ||
* | Seven Generations Energy Ltd. Class A | 755,182 | 1,563 | ||
^ | Whitecap Resources Inc. | 1,181,132 | 1,553 | ||
^ | Westshore Terminals Investment Corp. | 132,847 | 1,424 | ||
Martinrea International Inc. | 235,680 | 1,424 | |||
* | Turquoise Hill Resources Ltd. | 2,913,261 | 1,423 | ||
* | Canfor Corp. | 186,845 | 1,302 | ||
^ | Corus Entertainment Inc. Class B | 568,537 | 1,295 | ||
Mullen Group Ltd. | 290,998 | 1,208 | |||
^ | Pason Systems Inc. | 218,892 | 1,190 | ||
^ | First National Financial Corp. | 47,072 | 1,082 | ||
Enerflex Ltd. | 265,892 | 1,003 | |||
* | Kelt Exploration Ltd. | 454,655 | 523 | ||
* | Baytex Energy Corp. | 1,571,008 | 502 | ||
^ | Secure Energy Services Inc. | 445,946 | 400 | ||
TORC Oil & Gas Ltd. | 431,587 | 347 | |||
ShawCor Ltd. | 209,132 | 307 | |||
*,^ | Paramount Resources Ltd. Class A | 218,965 | 299 | ||
* | Stars Group Inc. (XNGS) | 2,855 | 80 | ||
818,706 | |||||
Chile (0.2%) | |||||
Vina Concha y Toro SA | 1,003,660 | 1,581 | |||
* | Cap SA | 218,137 | 1,065 | ||
Smu SA | 6,218,298 | 1,043 | |||
Inversiones Aguas Metropolitanas SA | 1,286,119 | 1,032 | |||
* | Cia Sud Americana de Vapores SA | 40,443,798 | 969 | ||
Sonda SA | 1,482,771 | 897 | |||
Inversiones La Construccion SA | 97,272 | 734 | |||
Ripley Corp. SA | 1,899,914 | 591 | |||
Salfacorp SA | 1,003,263 | 434 | |||
Besalco SA | 718,975 | 319 | |||
Forus SA | 242,455 | 273 | |||
8,938 | |||||
China (5.1%) | |||||
* | Zai Lab Ltd. ADR | 106,948 | 6,708 | ||
*,1 | CanSino Biologics Inc. Class H | 210,600 | 4,444 | ||
China Overseas Property Holdings Ltd. | 3,765,000 | 4,163 | |||
* | 21Vianet Group Inc. ADR | 239,386 | 3,584 | ||
*,^,1 | Koolearn Technology Holding Ltd. | 732,000 | 3,513 | ||
Ausnutria Dairy Corp. Ltd. | 1,723,000 | 3,178 | |||
^ | Chinasoft International Ltd. | 5,808,304 | 3,048 | ||
Greentown Service Group Co. Ltd. | 2,278,000 | 2,998 | |||
SSY Group Ltd. | 4,127,324 | 2,906 | |||
* | BEST Inc. ADR | 530,686 | 2,850 | ||
1 | China Yuhua Education Corp. Ltd. | 2,814,000 | 2,830 | ||
Yuzhou Properties Co. Ltd. | 6,626,896 | 2,823 | |||
1 | AK Medical Holdings Ltd. | 1,036,000 | 2,780 | ||
^ | China Grand Pharmaceutical and Healthcare Holdings Ltd. | 3,946,240 | 2,621 | ||
* | HUYA Inc. ADR | 158,345 | 2,570 | ||
China Yongda Automobiles Services Holdings Ltd. | 2,541,000 | 2,562 | |||
Powerlong Real Estate Holdings Ltd. | 4,107,000 | 2,508 | |||
*,^,1 | Weimob Inc. | 3,336,000 | 2,465 | ||
1 | Fu Shou Yuan International Group Ltd. | 2,711,000 | 2,452 | ||
Kaisa Group Holdings Ltd. | 5,969,000 | 2,284 | |||
Vinda International Holdings Ltd. | 760,873 | 2,278 |
64
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
*,^ | Baozun Inc. ADR | 71,047 | 2,262 | ||
* | Ever Sunshine Lifestyle Services Group Ltd. | 1,596,000 | 2,260 | ||
^,1 | Hua Hong Semiconductor Ltd. | 1,128,540 | 2,181 | ||
China Overseas Grand Oceans Group Ltd. | 3,450,500 | 2,161 | |||
* | China Meidong Auto Holdings Ltd. | 1,196,000 | 2,152 | ||
China SCE Group Holdings Ltd. | 4,888,000 | 2,144 | |||
China Oriental Group Co. Ltd. | 7,056,000 | 2,132 | |||
China Water Affairs Group Ltd. | 2,723,600 | 2,070 | |||
*,1 | Hope Education Group Co. Ltd. | 7,354,000 | 2,063 | ||
*,1 | Shanghai Junshi Biosciences Co. Ltd. Class H | 425,000 | 2,047 | ||
Digital China Holdings Ltd. | 3,692,588 | 1,970 | |||
Lonking Holdings Ltd. | 5,735,313 | 1,943 | |||
Tianneng Power International Ltd. | 1,982,468 | 1,940 | |||
NetDragon Websoft Holdings Ltd. | 697,590 | 1,929 | |||
Hollysys Automation Technologies Ltd. | 128,538 | 1,843 | |||
China Education Group Holdings Ltd. | 1,045,000 | 1,754 | |||
Yuexiu REIT | 3,540,207 | 1,736 | |||
Fanhua Inc. ADR | 90,688 | 1,717 | |||
Ronshine China Holdings Ltd. | 1,625,000 | 1,701 | |||
Zhenro Properties Group Ltd. | 2,638,000 | 1,692 | |||
Zhongyu Gas Holdings Ltd. | 1,920,000 | 1,644 | |||
* | LexinFintech Holdings Ltd. ADR | 188,221 | 1,587 | ||
1 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 418,915 | 1,580 | ||
* | Tianli Education International Holdings Ltd. | 3,115,000 | 1,558 | ||
^ | Comba Telecom Systems Holdings Ltd. | 3,823,959 | 1,550 | ||
^,1 | Zhou Hei Ya International Holdings Co. Ltd. | 2,654,000 | 1,492 | ||
*,^ | DouYu International Holdings Ltd. ADR | 196,078 | 1,488 | ||
*,1 | China Logistics Property Holdings Co. Ltd. | 3,955,000 | 1,486 | ||
1 | Midea Real Estate Holding Ltd. | 576,000 | 1,480 | ||
Fufeng Group Ltd. | 4,281,864 | 1,468 | |||
Tong Ren Tang Technologies Co. Ltd. Class H | 1,834,516 | 1,454 | |||
* | JinkoSolar Holding Co. Ltd. ADR | 90,594 | 1,433 | ||
Fantasia Holdings Group Co. Ltd. | 7,203,000 | 1,389 | |||
Dongyue Group Ltd. | 3,094,000 | 1,371 | |||
Sany Heavy Equipment International Holdings Co. Ltd. | 2,544,000 | 1,367 | |||
Yuexiu Transport Infrastructure Ltd. | 1,932,000 | 1,349 | |||
* | Daqo New Energy Corp. ADR | 25,661 | 1,338 | ||
Skyworth Group Ltd. | 5,810,497 | 1,335 | |||
* | Lifetech Scientific Corp. | 5,948,058 | 1,311 | ||
China Maple Leaf Educational Systems Ltd. | 4,364,000 | 1,283 | |||
Sinopec Kantons Holdings Ltd. | 2,901,962 | 1,283 | |||
China Suntien Green Energy Corp. Ltd. Class H | 5,504,762 | 1,282 | |||
* | Q Technology Group Co. Ltd. | 1,064,000 | 1,273 | ||
Shougang Concord International Enterprises Co. Ltd. | 6,589,647 | 1,267 | |||
1 | Genertec Universal Medical Group Co. Ltd. | 2,043,809 | 1,243 | ||
^,1 | Redco Properties Group Ltd. | 2,632,000 | 1,234 | ||
Xtep International Holdings Ltd. | 3,137,379 | 1,205 | |||
Greatview Aseptic Packaging Co. Ltd. | 3,166,000 | 1,167 | |||
* | Zhongliang Holdings Group Co. Ltd. | 1,594,000 | 1,163 | ||
Hisense Home Appliances Group Co. Ltd. | 1,182,173 | 1,144 | |||
*,^ | GCL-Poly Energy Holdings Ltd. | 38,966,000 | 1,109 | ||
Skyfame Realty Holdings Ltd. | 8,408,000 | 1,109 | |||
Bank of Chongqing Co. Ltd. Class H | 2,048,343 | 1,097 | |||
West China Cement Ltd. | 6,095,200 | 1,086 | |||
^,1 | Yadea Group Holdings Ltd. | 2,894,000 | 1,077 | ||
Central China Real Estate Ltd. | 2,102,000 | 1,071 | |||
Tiangong International Co. Ltd. | 3,352,000 | 1,067 | |||
O-Net Technologies Group Ltd. | 1,677,000 | 1,042 | |||
* | Bitauto Holdings Ltd. ADR | 85,383 | 1,038 | ||
*,1 | China Metal Resources Utilization Ltd. | 2,736,000 | 1,034 | ||
China Tian Lun Gas Holdings Ltd. | 1,303,900 | 1,022 | |||
*,1 | CStone Pharmaceuticals | 993,500 | 1,020 | ||
*,^ | Leyou Technologies Holdings Ltd. | 3,385,000 | 1,009 | ||
Jinchuan Group International Resources Co. Ltd. | 14,295,000 | 1,007 |
65
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Shares | ($000 | ) | |||
*,^ | Zhuguang Holdings Group Co. Ltd. | 6,966,000 | 1,004 | ||
*,^ | China Tobacco International HK Co. Ltd. | 510,000 | 995 | ||
*,^,1 | Maoyan Entertainment | 702,400 | 947 | ||
*,^ | So-Young International Inc. ADR | 90,204 | 935 | ||
^ | Oshidori International Holdings Ltd. | 11,610,600 | 908 | ||
LVGEM China Real Estate Investment Co. Ltd. | 3,132,000 | 905 | |||
Beijing Capital Land Ltd. Class H | 3,993,000 | 895 | |||
*,^ | Noah Holdings Ltd. ADS | 32,074 | 890 | ||
Greenland Hong Kong Holdings Ltd. | 2,365,000 | 881 | |||
China Resources Medical Holdings Co. Ltd. | 1,702,791 | 865 | |||
*,§ | SMI Holdings Group Ltd. | 2,800,800 | 845 | ||
Consun Pharmaceutical Group Ltd. | 1,653,000 | 845 | |||
China Dongxiang Group Co. Ltd. | 9,835,000 | 820 | |||
PAX Global Technology Ltd. | 1,879,062 | 801 | |||
Hangzhou Steam Turbine Co. Ltd. Class B | 804,676 | 783 | |||
* | Proya Cosmetics Co. Ltd. Class A | 43,000 | 777 | ||
* | Sohu.com Ltd. ADR | 91,508 | 768 | ||
TCL Electronics Holdings Ltd. | 1,824,122 | 745 | |||
CMBC Capital Holdings Ltd. | 47,320,876 | 736 | |||
Shanghai Jin Jiang Capital Co. Ltd. Class H | 4,101,480 | 729 | |||
E-House China Enterprise Holdings Ltd. | 813,300 | 725 | |||
Tianshui Huatian Technology Co. Ltd. Class A | 396,900 | 721 | |||
* | Wise Talent Information Technology Co. Ltd. | 330,000 | 708 | ||
*,^ | Qutoutiao Inc. ADR | 282,164 | 694 | ||
China Lilang Ltd. | 1,117,000 | 684 | |||
Tongda Group Holdings Ltd. | 10,572,346 | 680 | |||
^,1 | China Everbright Greentech Ltd. | 1,591,000 | 658 | ||
* | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 66,600 | 648 | ||
Guangdong Provincial Expressway Development Co. Ltd. Class B | 982,994 | 640 | |||
China High Speed Transmission Equipment Group Co. Ltd. | 1,007,300 | 638 | |||
*,^,1 | Yixin Group Ltd. | 3,686,000 | 627 | ||
China Shineway Pharmaceutical Group Ltd. | 832,343 | 617 | |||
^ | Texhong Textile Group Ltd. | 855,500 | 615 | ||
^ | Wisdom Education International Holdings Co. Ltd. | 1,472,000 | 615 | ||
* | Jiangsu Shagang Co. Ltd. Class A | 321,600 | 612 | ||
China Merchants Land Ltd. | 3,638,000 | 604 | |||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 185,450 | 604 | |||
*,^,§ | Luckin Coffee Inc. ADR | 137,216 | 602 | ||
* | Hi Sun Technology China Ltd. | 5,322,101 | 602 | ||
Xingda International Holdings Ltd. | 2,488,000 | 592 | |||
* | Nanyang Topsec Technologies Group Inc. Class A | 166,800 | 590 | ||
Concord New Energy Group Ltd. | 14,290,000 | 581 | |||
Centre Testing International Group Co. Ltd. Class A | 241,000 | 576 | |||
JNBY Design Ltd. | 594,000 | 572 | |||
*,1 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 117,200 | 571 | ||
China Merchants Property Operation & Service Co. Ltd. | 154,500 | 569 | |||
FinVolution Group | 292,198 | 561 | |||
Colour Life Services Group Co. Ltd. | 1,162,000 | 550 | |||
* | Harbin Electric Co. Ltd. Class H | 1,959,813 | 542 | ||
* | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 74,300 | 540 | ||
TongFu Microelectronics Co. Ltd. Class A | 168,000 | 537 | |||
* | Ovctek China Inc. Class A | 57,200 | 527 | ||
Beijing E-Hualu Information Technology Co. Ltd. Class A | 78,695 | 525 | |||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 797,000 | 515 | |||
Wasion Holdings Ltd. | 1,485,454 | 509 | |||
* | Addsino Co. Ltd. Class A | 235,300 | 507 | ||
* | Weihai Guangwei Composites Co. Ltd. | 66,129 | 507 | ||
* | Guangzhou Wondfo Biotech Co. Ltd. Class A | 44,800 | 504 | ||
*,^ | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 726,000 | 501 | ||
China ZhengTong Auto Services Holdings Ltd. | 3,197,000 | 496 | |||
Shanghai Industrial Urban Development Group Ltd. | 4,948,000 | 488 | |||
*,^ | Sogou Inc. ADR | 136,748 | 487 | ||
SPIC Dongfang New Energy Corp. Class A | 801,100 | 482 | |||
Jiangsu Yangnong Chemical Co. Ltd. Class A | 45,500 | 482 |
66
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value ($000 | ) |
Wuhu Token Science Co. Ltd. Class A | 355,510 | 480 | ||||
Sinofert Holdings Ltd. | 5,174,000 | 478 | ||||
*,1 | Ascletis Pharma Inc. | 1,315,000 | 472 | |||
Chaowei Power Holdings Ltd. | 1,644,563 | 471 | ||||
INESA Intelligent Tech Inc. Class B | 870,106 | 468 | ||||
Dongjiang Environmental Co. Ltd. Class H | 616,200 | 467 | ||||
Wuxi Taiji Industry Co. Ltd. Class A | 306,200 | 461 | ||||
* | Shandong Sinocera Functional Material Co. Ltd. Class A | 141,900 | 458 | |||
* | C&S Paper Co. Ltd. Class A | 187,200 | 454 | |||
Fujian Star-net Communication Co. Ltd. Class A | 84,900 | 447 | ||||
* | COSCO Shipping International Singapore Co. Ltd. | 2,756,400 | 447 | |||
Zhongtian Financial Group Co. Ltd. Class A | 1,019,700 | 445 | ||||
Qingling Motors Co. Ltd. Class H | 2,104,929 | 444 | ||||
Beijing Thunisoft Corp. Ltd. Class A | 118,500 | 442 | ||||
Huangshan Tourism Development Co. Ltd. Class B | 611,950 | 442 | ||||
Chacha Food Co. Ltd. Class A | 64,800 | 438 | ||||
* | Zhejiang Dingli Machinery Co. Ltd. Class A | 39,169 | 434 | |||
* | Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A | 115,500 | 431 | |||
Shanghai Highly Group Co. Ltd. Class B | 746,000 | 429 | ||||
Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A | 182,410 | 428 | ||||
* | Jiajiayue Group Co. Ltd. Class A | 86,900 | 426 | |||
* | Guangdong Hongda Blasting Co. Ltd. Class A | 101,000 | 423 | |||
* | China Fangda Group Co. Ltd. Class B | 1,084,300 | 420 | |||
* | China Modern Dairy Holdings Ltd. | 3,929,000 | 420 | |||
Apeloa Pharmaceutical Co. Ltd. Class A | 167,600 | 419 | ||||
* | Longshine Technology Group Co. Ltd. Class A | 100,300 | 405 | |||
* | Huizhou Desay Sv Automotive Co. Ltd. Class A | 70,605 | 404 | |||
CPMC Holdings Ltd. | 1,133,000 | 404 | ||||
* | Infore Environment Technology Group Co. Ltd. Class A | 460,665 | 402 | |||
Accelink Technologies Co. Ltd. Class A | 96,400 | 401 | ||||
Eastern Communications Co. Ltd. Class B | 834,650 | 399 | ||||
* | BAIC BluePark New Energy Technology Co. Ltd. Class A | 516,400 | 394 | |||
* | Shenzhen Sinovatio Technology Co. Ltd. Class A | 15,292 | 390 | |||
Hainan Poly Pharm Co. Ltd. | 39,200 | 389 | ||||
* | Jiangsu Yoke Technology Co. Ltd. Class A | 66,400 | 385 | |||
*,1 | Haichang Ocean Park Holdings Ltd. | 4,775,000 | 379 | |||
*,^ | Beijing Gas Blue Sky Holdings Ltd. | 18,472,000 | 379 | |||
Zhejiang Huafeng Spandex Co. Ltd. Class A | 514,400 | 378 | ||||
* | Ingenic Semiconductor Co. Ltd. Class A | 28,700 | 373 | |||
* | Shenzhen SC New Energy Technology Corp. Class A | 41,100 | 372 | |||
Hangzhou Silan Microelectronics Co. Ltd. Class A | 186,800 | 372 | ||||
Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 28,750 | 371 | ||||
Guorui Properties Ltd. | 2,210,000 | 364 | ||||
* | Skshu Paint Co. Ltd. Class A | 24,000 | 362 | |||
Shanxi Taigang Stainless Steel Co. Ltd. Class A | 783,000 | 361 | ||||
* | Yantai Eddie Precision Machinery Co. Ltd. Class A | 62,200 | 361 | |||
* | Guangdong South New Media Co. Ltd. Class A | 16,400 | 358 | |||
Shanghai Diesel Engine Co. Ltd. Class B | 968,200 | 356 | ||||
* | Shenzhen Sunlord Electronics Co. Ltd. Class A | 115,500 | 354 | |||
Shandong Airlines Co. Ltd. Class B | 424,648 | 352 | ||||
Sanquan Food Co. Ltd. Class A | 115,700 | 349 | ||||
B-Soft Co. Ltd. Class A | 159,300 | 349 | ||||
*,§ | China Huiyuan Juice Group Ltd. | 1,333,000 | 347 | |||
Tecon Biology Co. Ltd. Class A | 155,400 | 347 | ||||
* | Shanghai Kinetic Medical Co. Ltd. Class A | 103,548 | 345 | |||
*,^ | Kasen International Holdings Ltd. | 2,142,000 | 344 | |||
Ajisen China Holdings Ltd. | 1,528,408 | 340 | ||||
* | Fullshare Holdings Ltd. | 22,505,000 | 340 | |||
*,^ | Ruhnn Holding Ltd. ADR | 99,260 | 339 | |||
* | CNHTC Jinan Truck Co. Ltd. Class A | 97,300 | 339 | |||
* | Beijing Aosaikang Pharmaceutical Co. Ltd. Class A | 128,303 | 339 | |||
* | Quectel Wireless Solutions Co. Ltd. Class A | 11,400 | 338 | |||
Luthai Textile Co. Ltd. Class B | 514,492 | 336 | ||||
* | Visionox Technology Inc. Class A | 196,500 | 336 |
67
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value ($000 | ) |
* | Wuhan Jingce Electronic Group Co. Ltd. Class A | 35,292 | 334 | |||
Grandblue Environment Co. Ltd. Class A | 111,200 | 332 | ||||
* | Yusys Technologies Co. Ltd. Class A | 58,000 | 330 | |||
* | YanTai Shuangta Food Co. Ltd. Class A | 180,100 | 325 | |||
Hangjin Technology Co. Ltd. Class A | 99,300 | 324 | ||||
* | CCOOP Group Co. Ltd. Class A | 866,200 | 321 | |||
Shenzhen Capchem Technology Co. Ltd. Class A | 54,900 | 319 | ||||
Guangdong Tapai Group Co. Ltd. Class A | 171,028 | 319 | ||||
* | Victory Giant Technology Huizhou Co. Ltd. Class A | 100,500 | 316 | |||
* | Shenzhen FRD Science & Technology Co. Ltd. | 44,000 | 314 | |||
* | Guocheng Mining Co. Ltd. | 128,600 | 314 | |||
* | PCI-Suntek Technology Co. Ltd. Class A | 239,000 | 313 | |||
* | Eoptolink Technology Inc. Ltd. Class A | 30,800 | 312 | |||
* | Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 229,860 | 308 | |||
Hubei Kaile Science & Technology Co. Ltd. Class A | 144,220 | 305 | ||||
Tianjin Port Development Holdings Ltd. | 4,557,976 | 305 | ||||
Jiangsu Hengshun Vinegar Industry Co. Ltd. Class A | 112,995 | 303 | ||||
Hainan Strait Shipping Co. Ltd. Class A | 195,000 | 303 | ||||
Beijing BDStar Navigation Co. Ltd. Class A | 70,900 | 303 | ||||
Dawnrays Pharmaceutical Holdings Ltd. | 2,016,000 | 302 | ||||
Huafon Microfibre Shanghai Technology Co. Ltd. Class A | 246,043 | 301 | ||||
Chengzhi Co. Ltd. Class A | 179,900 | 300 | ||||
Long Yuan Construction Group Co. Ltd. Class A | 225,000 | 300 | ||||
MLS Co. Ltd. Class A | 184,700 | 299 | ||||
Wuhan Fingu Electronic Technology Co. Ltd. Class A | 81,300 | 298 | ||||
* | Tech-Bank Food Co. Ltd. Class A | 168,884 | 297 | |||
* | Qudian Inc. ADR | 170,641 | 295 | |||
* | Guangdong Provincial Expressway Development Co. Ltd. Class A | 278,400 | 291 | |||
* | Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 118,100 | 291 | |||
Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 41,600 | 291 | ||||
* | Shenzhen Yinghe Technology Co. Ltd. Class A | 48,150 | 287 | |||
* | Berry Genomics Co. Ltd. Class A | 46,000 | 286 | |||
* | Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 26,400 | 286 | |||
Haohua Chemical Science & Technology Co. Ltd. Class A | 116,200 | 285 | ||||
Liaoning Wellhope Agri-Tech JSC Ltd. Class A | 135,100 | 284 | ||||
*,§ | CT Environmental Group Ltd. | 6,439,760 | 282 | |||
* | IReader Technology Co. Ltd. Class A | 59,700 | 282 | |||
* | Chongqing Iron & Steel Co. Ltd. Class A | 1,292,967 | 279 | |||
361 Degrees International Ltd. | 1,791,000 | 272 | ||||
* | China Tianying Inc. Class A | 382,700 | 271 | |||
* | Hunan Dakang International Food & Agriculture Co. Ltd. Class A | 759,400 | 271 | |||
* | Beijing United Information Technology Co. Ltd. | 18,200 | 269 | |||
Navtech Inc. Class A | 82,900 | 265 | ||||
Gansu Qilianshan Cement Group Co. Ltd. Class A | 113,500 | 263 | ||||
* | Gansu Shangfeng Cement Co. Ltd. Class A | 73,000 | 262 | |||
* | Qianhe Condiment and Food Co. Ltd. Class A | 60,960 | 261 | |||
Shenzhen H&T Intelligent Control Co. Ltd. Class A | 132,200 | 258 | ||||
* | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 116,400 | 257 | |||
Xiamen Xiangyu Co. Ltd. Class A | 317,600 | 257 | ||||
Yangzhou Yangjie Electronic Technology Co. Ltd. Class A | 69,000 | 255 | ||||
Xinjiang Tianshan Cement Co. Ltd. Class A | 152,000 | 255 | ||||
Jiangsu Provincial Agricultural Reclamation and Development Corp. | 176,200 | 255 | ||||
* | Shang Gong Group Co. Ltd. Class B | 693,512 | 254 | |||
* | Shanghai Weaver Network Co. Ltd. Class A | 22,100 | 253 | |||
* | Tianjin Guangyu Development Co. Ltd. Class A | 270,500 | 253 | |||
Shenzhen Tagen Group Co. Ltd. Class A | 280,900 | 252 | ||||
Sailun Group Co. Ltd. | 397,600 | 251 | ||||
Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A | 23,200 | 250 | ||||
Xiamen Kingdomway Group Co. Class A | 89,000 | 250 | ||||
Hubei Dinglong Co. Ltd. Class A | 141,700 | 249 | ||||
Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 132,500 | 248 | ||||
Shenzhen Sunline Tech Co. Ltd. Class A | 70,400 | 247 | ||||
* | Guangzhou Shangpin Home Collection Co. Ltd. Class A | 26,000 | 247 | |||
* | DBG Technology Co. Ltd. Class A | 66,900 | 247 |
68
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | | | Market Value | |
Shares | ($000 | ) | ||||
* | Blue Sail Medical Co. Ltd. Class A | 107,993 | 245 | |||
Konka Group Co. Ltd. Class A | 230,600 | 245 | ||||
Xiamen Faratronic Co. Ltd. Class A | 33,100 | 245 | ||||
Beibuwan Port Co. Ltd. Class A | 176,499 | 244 | ||||
* | Shanghai Greencourt Investment Group Co. Ltd. Class B | 766,950 | 243 | |||
* | Sonoscape Medical Corp. Class A | 58,900 | 242 | |||
* | Kama Co. Ltd. Class B | 656,712 | 241 | |||
* | Xinhuanet Co. Ltd. Class A | 67,900 | 241 | |||
* | Beijing Tongtech Co. Ltd. Class A | 40,200 | 241 | |||
*,1 | Tian Ge Interactive Holdings Ltd. | 1,429,000 | 241 | |||
YGSOFT Inc. Class A | 123,800 | 240 | ||||
Weiqiao Textile Co. Class H | 1,136,500 | 237 | ||||
Guizhou Space Appliance Co. Ltd. Class A | 62,800 | 236 | ||||
CITIC Resources Holdings Ltd. | 7,018,000 | 236 | ||||
* | Bethel Automotive Safety Systems Co. Ltd. Class A | 60,500 | 235 | |||
1 | Beijing Urban Construction Design & Development Group Co. Ltd. Class H | 859,000 | 235 | |||
Beijing SuperMap Software Co. Ltd. Class A | 65,800 | 234 | ||||
Aerospace CH UAV Co. Ltd. | 137,886 | 233 | ||||
Shanghai Belling Co. Ltd. Class A | 101,500 | 232 | ||||
* | Shanghai AtHub Co. Ltd. Class A | 27,600 | 232 | |||
Chengdu Hongqi Chain Co. Ltd. Class A | 166,900 | 231 | ||||
Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 123,100 | 231 | ||||
Fangda Special Steel Technology Co. Ltd. Class A | 314,092 | 230 | ||||
* | Ming Yang Smart Energy Group Ltd. Class A | 144,600 | 229 | |||
Xiamen International Port Co. Ltd. Class H | 2,567,000 | 229 | ||||
* | Guangzhou Restaurant Group Co. Ltd. Class A | 55,800 | 228 | |||
* | Grand Baoxin Auto Group Ltd. | 1,919,359 | 228 | |||
* | Beijing Enterprises Clean Energy Group Ltd. | 55,360,000 | 227 | |||
Luoniushan Co. Ltd. Class A | 167,700 | 227 | ||||
* | Jiangxi Wannianqing Cement Co. Ltd. Class A | 110,100 | 226 | |||
* | Amoy Diagnostics Co. Ltd. Class A | 20,400 | 226 | |||
* | PharmaBlock Sciences Nanjing Inc. Class A | 20,000 | 226 | |||
Ningbo Huaxiang Electronic Co. Ltd. Class A | 91,100 | 225 | ||||
Tianjin Development Holdings Ltd. | 1,062,000 | 225 | ||||
* | Ecovacs Robotics Co. Ltd. Class A | 81,840 | 224 | |||
* | Beijing Watertek Information Technology Co. Ltd. Class A | 253,700 | 223 | |||
*,§ | Mingfa Group International Co. Ltd. | 915,541 | 223 | |||
* | Sichuan Haite High-tech Co. Ltd. Class A | 109,500 | 223 | |||
Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A | 36,396 | 217 | ||||
Grinm Advanced Materials Co. Ltd. Class A | 123,800 | 217 | ||||
* | Sichuan Shuangma Cement Co. Ltd. Class A | 112,100 | 217 | |||
Titan Wind Energy Suzhou Co. Ltd. Class A | 260,900 | 217 | ||||
* | JiuGui Liquor Co. Ltd. Class A | 48,100 | 216 | |||
Beijing Easpring Material Technology Co. Ltd. Class A | 64,400 | 216 | ||||
* | Suzhou TFC Optical Communication Co. Ltd. Class A | 29,400 | 216 | |||
* | Gree Real Estate Co. Ltd. Class A | 306,535 | 215 | |||
China Zhenhua Group Science & Technology Co. Ltd. Class A | 75,200 | 214 | ||||
Zhuzhou Kibing Group Co. Ltd. Class A | 287,600 | 213 | ||||
* | Konfoong Materials International Co. Ltd. Class A | 28,600 | 211 | |||
Elion Clean Energy Co. Ltd. Class A | 401,000 | 208 | ||||
Beijing VRV Software Corp. Ltd. Class A | 211,100 | 208 | ||||
* | Xinyu Iron & Steel Co. Ltd. Class A | 364,063 | 207 | |||
* | COFCO Capital Holdings Co. Ltd. Class A (XSEC) | 171,900 | 205 | |||
* | IKD Co. Ltd. Class A | 127,000 | 205 | |||
Vatti Corp. Ltd. Class A | 129,300 | 205 | ||||
* | Sichuan Jiuyuan Yinhai Software Co. Ltd. Class A | 33,000 | 204 | |||
* | China Minmetals Rare Earth Co. Ltd. Class A | 143,200 | 203 | |||
* | Shenzhen Megmeet Electrical Co. Ltd. Class A | 68,900 | 202 | |||
Hunan Aihua Group Co. Ltd. Class A | 51,743 | 201 | ||||
§ | China Fiber Optic Network System Group Ltd. | 2,215,200 | 200 | |||
Hisense Home Appliances Group Co. Ltd. Class A | 148,900 | 200 | ||||
* | Zhuzhou Hongda Electronics Corp. Ltd. Class A | 57,000 | 200 | |||
Jiangsu Huaxicun Co. Ltd. Class A | 132,500 | 198 | ||||
Jiangsu Guotai International Group Co. Ltd. Class A | 230,900 | 198 |
69
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value ($000 | ) |
Saurer Intelligent Technology Co. Ltd. Class A | 279,100 | 197 | ||||
* | Anhui Jinhe Industrial Co. Ltd. Class A | 69,000 | 196 | |||
Shanghai Shyndec Pharmaceutical Co. Ltd. Class A | 151,100 | 195 | ||||
* | Jiangxi Huangshanghuang Group Food Co. Ltd. Class A | 67,800 | 194 | |||
* | Zhejiang Narada Power Source Co. Ltd. Class A | 128,600 | 194 | |||
* | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A | 52,700 | 194 | |||
263 Network Communications Co. Ltd. Class A | 199,700 | 194 | ||||
Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 117,000 | 193 | ||||
* | Shenzhen Anche Technologies Co. Ltd. Class A | 29,100 | 190 | |||
* | First Tractor Co. Ltd. Class H | 866,954 | 190 | |||
Phoenix Media Investment Holdings Ltd. | 3,641,783 | 190 | ||||
China CAMC Engineering Co. Ltd. Class A | 182,400 | 189 | ||||
Hubei Xingfa Chemicals Group Co. Ltd. Class A | 151,100 | 189 | ||||
Sinocare Inc. | 77,400 | 188 | ||||
* | SGIS Songshan Co. Ltd. Class A | 355,600 | 187 | |||
Beijing Global Safety Technology Co. Ltd. Class A | 32,200 | 187 | ||||
Chengtun Mining Group Co. Ltd. Class A | 337,200 | 187 | ||||
* | CQ Pharmaceutical Holding Co. Ltd. Class A | 253,500 | 182 | |||
Guomai Technologies Inc. Class A | 147,100 | 181 | ||||
* | Fujian Aonong Biological Technology Group Inc. Ltd. Class A | 60,600 | 181 | |||
Red Avenue New Materials Group Co. Ltd. Class A | 86,500 | 180 | ||||
* | Xinjiang Communications Construction Group Co. Ltd. Class A | 90,900 | 180 | |||
JSTI Group Class A | 144,200 | 179 | ||||
* | China Aluminum International Engineering Corp. Ltd. Class A | 319,800 | 177 | |||
Tianjin ZhongXin Pharmaceutical Group Corp. Ltd. Class A | 90,800 | 177 | ||||
* | Wuhan P&S Information Technology Co. Ltd. Class A | 175,200 | 176 | |||
* | Hangxiao Steel Structure Co. Ltd. Class A | 320,200 | 175 | |||
Chengdu Fusen Noble-House Industrial Co. Ltd. Class A | 110,500 | 175 | ||||
* | Hengdian Entertainment Co. Ltd. Class A | 85,300 | 175 | |||
* | Shenzhen Gongjin Electronics Co. Ltd. Class A | 102,000 | 173 | |||
* | Jilin Power Share Co. Ltd. Class A | 321,464 | 173 | |||
* | Unilumin Group Co. Ltd. Class A | 137,500 | 172 | |||
* | Electric Connector Technology Co. Ltd. Class A | 37,100 | 172 | |||
* | CSSC Science & Technology Co. Ltd. Class A | 110,600 | 171 | |||
* | Shede Spirits Co. Ltd. Class A | 50,300 | 170 | |||
* | Suzhou Chunxing Precision Mechanical Co. Ltd. Class A | 165,100 | 170 | |||
* | Foran Energy Group Co. Ltd. Class A | 75,500 | 170 | |||
Sino Wealth Electronic Ltd. Class A | 35,200 | 169 | ||||
* | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 288,624 | 169 | |||
* | JC Finance & Tax Interconnect Holdings Ltd. Class A | 116,800 | 169 | |||
* | 5I5J Holding Group Co. Ltd. Class A | 351,000 | 168 | |||
* | Guangxi Liuzhou Pharmaceutical Co. Ltd. Class A | 35,600 | 168 | |||
* | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A | 239,600 | 168 | |||
* | Lier Chemical Co. Ltd. Class A | 79,100 | 167 | |||
* | Changzhou Tronly New Electronic Materials Co. Ltd. Class A | 76,400 | 167 | |||
* | Shanghai Phoenix Enterprise Group Co. Ltd. Class B | 491,200 | 167 | |||
* | Tangrenshen Group Co. Ltd. Class A | 116,000 | 166 | |||
GCI Science & Technology Co. Ltd. Class A | 84,600 | 166 | ||||
Hainan Ruize New Building Material Co. Ltd. Class A | 170,600 | 165 | ||||
* | Beijing Strong Biotechnologies Inc. Class A | 68,700 | 165 | |||
Wuhan Department Store Group Co. Ltd. Class A | 105,400 | 164 | ||||
* | Landing International Development Ltd. | 4,180,800 | 164 | |||
Shanxi Coking Co. Ltd. Class A | 209,500 | 164 | ||||
Hand Enterprise Solutions Co. Ltd. Class A | 131,300 | 163 | ||||
Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 133,500 | 163 | ||||
* | Bestsun Energy Co. Ltd. Class A | 211,460 | 163 | |||
* | Estun Automation Co. Ltd. Class A | 111,500 | 162 | |||
Beijing Cisri-Gaona Materials & Technology Co. Ltd. Class A | 71,100 | 162 | ||||
Huafu Fashion Co. Ltd. Class A | 225,900 | 160 | ||||
Hangzhou Zhongheng Electric Co. Ltd. Class A | 83,808 | 160 | ||||
* | Shenzhen Das Intellitech Co. Ltd. Class A | 289,700 | 159 | |||
* | Jiangsu Hoperun Software Co. Ltd. Class A | 118,500 | 159 | |||
Chow Tai Seng Jewellery Co. Ltd. Class A | 62,300 | 157 | ||||
* | Beijing GeoEnviron Engineering & Technology Inc. Class A | 90,800 | 156 |
70
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value ($000 | ) |
Shenzhen SDG Information Co. Ltd. Class A | 121,300 | 156 | ||||
Shanghai Maling Aquarius Co. Ltd. Class A | 129,000 | 154 | ||||
* | Markor International Home Furnishings Co. Ltd. Class A | 268,010 | 152 | |||
* | Befar Group Co. Ltd. Class A | 232,400 | 152 | |||
China Harzone Industry Corp. Ltd. Class A (XSEC) | 128,600 | 151 | ||||
* | Shandong Minhe Animal Husbandry Co. Ltd. Class A | 45,100 | 151 | |||
Zhejiang Jinke Culture Industry Co. Ltd. Class A | 464,300 | 150 | ||||
* | Zhongyuan Environment-Protection Co. Ltd. Class A | 149,600 | 149 | |||
* | Shengda Resources Co. Ltd. Class A | 95,600 | 148 | |||
* | First Tractor Co. Ltd. Class A | 149,100 | 147 | |||
* | Henan Shenhuo Coal & Power Co. Ltd. Class A | 259,700 | 147 | |||
Shenzhen Desay Battery Technology Co. Class A | 28,400 | 147 | ||||
* | Everbright Jiabao Co. Ltd. Class A | 231,200 | 146 | |||
Shenzhen Ysstech Info-tech Co. Ltd. Class A | 102,700 | 146 | ||||
Renhe Pharmacy Co. Ltd. Class A | 170,800 | 145 | ||||
Shanxi Blue Flame Holding Co. Ltd. Class A | 132,300 | 144 | ||||
ZJBC Information Technology Co. Ltd. Class A | 100,800 | 144 | ||||
Aerospace Hi-Tech Holdings Grp Ltd. Class A | 102,588 | 144 | ||||
Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 98,900 | 143 | ||||
* | Beijing UniStrong Science & Technology Co. Ltd. Class A | 103,500 | 143 | |||
Zhuhai Orbita Aerospace Science & Technology Co. Ltd. Class A | 97,500 | 143 | ||||
Shenzhen Bauing Construction Holding Group Co. Ltd. Class A | 204,500 | 142 | ||||
Anhui Construction Engineering Group Co. Ltd. Class A | 261,900 | 142 | ||||
CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 222,500 | 142 | ||||
* | China Bester Group Telecom Co. Ltd. Class A | 50,500 | 142 | |||
Yantai Tayho Advanced Materials Co. Ltd. Class A | 83,900 | 141 | ||||
KPC Pharmaceuticals Inc. Class A | 103,900 | 141 | ||||
* | Zhejiang Communications Technology Co. Ltd. | 180,000 | 141 | |||
Shandong New Beiyang Information Technology Co. Ltd. Class A | 99,800 | 140 | ||||
Sunward Intelligent Equipment Co. Ltd. Class A | 152,100 | 140 | ||||
Sichuan Yahua Industrial Group Co. Ltd. Class A | 130,700 | 139 | ||||
* | Misho Ecology & Landscape Co. Ltd. Class A | 94,100 | 139 | |||
* | Sunflower Pharmaceutical Group Co. Ltd. Class A | 71,000 | 138 | |||
Shenzhen Heungkong Holding Co. Ltd. Class A | 510,400 | 138 | ||||
* | Guizhou Gas Group Corp. Ltd. Class A | 99,600 | 138 | |||
* | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A | 216,600 | 137 | |||
* | Beijing Forever Technology Co. Ltd. Class A | 89,400 | 137 | |||
Norinco International Cooperation Ltd. Class A | 126,700 | 137 | ||||
Sino-Platinum Metals Co. Ltd. Class A | 59,900 | 136 | ||||
* | Fujian Longma Environmental Sanitation Equipment Co. Ltd. Class A | 53,880 | 136 | |||
Jinneng Science&Technology Co. Ltd. Class A | 100,000 | 136 | ||||
* | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A | 533,500 | 135 | |||
* | Maoye Commericial Co. Ltd. Class A | 254,924 | 135 | |||
* | Hexing Electrical Co. Ltd. Class A | 63,820 | 135 | |||
* | Ningxia Jiaze New Energy Co. Ltd. Class A | 310,500 | 134 | |||
* | Jiangsu Changshu Rural Commercial Bank Co. Ltd. Class A | 133,600 | 134 | |||
* | Myhome Real Estate Development Group Co. Ltd. Class A | 336,600 | 134 | |||
* | Ningbo Peacebird Fashion Co. Ltd. Class A | 66,435 | 134 | |||
Chongqing Zongshen Power Machinery Co. Ltd. Class A | 158,800 | 133 | ||||
Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 65,200 | 133 | ||||
^ | Maoye International Holdings Ltd. | 2,879,459 | 133 | |||
* | Jack Sewing Machine Co. Ltd. Class A | 52,800 | 133 | |||
* | Shenzhen Center Power Tech Co. Ltd. Class A | 45,100 | 133 | |||
* | Jiangsu Lihua Animal Husbandry Stock Co. Ltd. Class A | 22,200 | 132 | |||
LingNan Eco&Culture-Tourism Co. Ltd. Class A | 233,000 | 132 | ||||
China Publishing & Media Co. Ltd. Class A | 178,100 | 132 | ||||
CGN Nuclear Technology Development Co. Ltd. Class A | 143,524 | 131 | ||||
Focused Photonics Hangzhou Inc. Class A | 70,200 | 131 | ||||
* | Anhui Sun-Create Electronics Co. Ltd. Class A | 24,300 | 130 | |||
* | Beijing Centergate Technologies Holding Co. Ltd. Class A | 104,900 | 130 | |||
* | Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A | 67,600 | 129 | |||
* | Fuan Pharmaceutical Group Co. Ltd. Class A | 164,500 | 129 | |||
* | Nanfang Zhongjin Environment Co. Ltd. Class A | 290,800 | 129 | |||
Huizhou Speed Wireless Technology Co. Ltd. Class A | 56,500 | 128 |
71
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value ($000 | ) |
* | Wutong Holding Group Co. Ltd. Class A | 177,300 | 128 | |||
* | Lingyuan Iron & Steel Co. Ltd. Class A | 415,960 | 128 | |||
Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 210,400 | 127 | ||||
Sumavision Technologies Co. Ltd. Class A | 199,200 | 127 | ||||
* | Northeast Pharmaceutical Group Co. Ltd. Class A | 125,147 | 127 | |||
* | Goldenmax International Technology Ltd. Class A | 112,100 | 126 | |||
* | Biem.L.Fdlkk Garment Co. Ltd. Class A | 42,400 | 125 | |||
Foshan Nationstar Optoelectronics Co. Ltd. Class A | 86,100 | 125 | ||||
Tongyu Heavy Industry Co. Ltd. Class A | 448,900 | 125 | ||||
Guangdong Highsun Group Co. Ltd. Class A | 316,800 | 125 | ||||
Bright Real Estate Group Co. Ltd. Class A | 300,000 | 124 | ||||
* | Shanghai Pudong Road & Bridge Construction Co. Ltd. Class A | 135,520 | 124 | |||
* | Goldcard Smart Group Co. Ltd. | 59,200 | 124 | |||
* | Zhejiang Meida Industrial Co. Ltd. Class A | 80,300 | 124 | |||
* | Chongqing Pharscin Pharmaceutical Co. Ltd. | 49,500 | 123 | |||
* | Hebei Chengde Lolo Co. Class A | 143,660 | 123 | |||
* | Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 114,000 | 123 | |||
Dongjiang Environmental Co. Ltd. Class A | 88,500 | 123 | ||||
Shinva Medical Instrument Co. Ltd. Class A | 55,900 | 123 | ||||
Xinjiang Machinery Research Institute Co. Ltd. Class A | 207,500 | 122 | ||||
* | China Harzone Industry Corp. Ltd. Class A | 33,500 | 122 | |||
Canny Elevator Co. Ltd. Class A | 110,400 | 122 | ||||
* | Shandong Xiantan Co. Ltd. Class A | 64,000 | 122 | |||
* | Dashang Co. Ltd. Class A | 38,300 | 120 | |||
* | Zhejiang Jingu Co. Ltd. Class A | 140,400 | 120 | |||
Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 62,600 | 120 | ||||
* | Tibet Tianlu Co. Ltd. Class A | 121,400 | 119 | |||
* | Dare Power Dekor Home Co. Ltd. Class A | 76,900 | 119 | |||
Xinjiang Yilite Industry Co. Ltd. Class A | 66,300 | 119 | ||||
* | Suzhou New District Hi-Tech Industrial Co. Ltd. Class A | 160,600 | 119 | |||
* | Western Region Gold Co. Ltd. Class A | 61,034 | 118 | |||
* | GuangYuYuan Chinese Herbal Medicine Co. Ltd. Class A | 68,200 | 117 | |||
* | Chongqing Iron & Steel Co. Ltd. Class H | 1,181,500 | 115 | |||
* | Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 175,400 | 115 | |||
* | Sichuan Tianyi Comheart Telecom Co. Ltd. Class A | 33,200 | 114 | |||
* | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A | 114,700 | 114 | |||
Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A | 111,600 | 114 | ||||
China Union Holdings Ltd. Class A | 204,200 | 114 | ||||
* | Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A | 176,700 | 112 | |||
Inspur Software Co. Ltd. Class A | 44,500 | 112 | ||||
Zhejiang Hangmin Co. Ltd. Class A | 145,500 | 112 | ||||
CTS International Logistics Corp. Ltd. Class A | 139,700 | 111 | ||||
Anhui Hengyuan Coal Industry and Electricity Power Co. Ltd. Class A | 159,600 | 111 | ||||
Xiamen International Airport Co. Ltd. Class A | 44,400 | 111 | ||||
* | Shenzhen Noposion Agrochemicals Co. Ltd. Class A | 127,100 | 111 | |||
Nanjing Redsun Co. Ltd. Class A | 80,800 | 111 | ||||
Jinyuan EP Co. Ltd. Class A | 88,052 | 111 | ||||
Changzhou Qianhong Biopharma Co. Ltd. Class A | 175,400 | 111 | ||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 97,600 | 110 | ||||
Baosheng Science and Technology Innovation Co. Ltd. Class A | 183,805 | 110 | ||||
* | Innuovo Technology Co. Ltd. Class A | 156,200 | 109 | |||
Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A | 89,500 | 109 | ||||
* | Anhui Korrun Co. Ltd. Class A | 29,800 | 108 | |||
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class B | 153,926 | 108 | ||||
* | Shanghai Runda Medical Technology Co. Ltd. Class A | 78,200 | 108 | |||
* | Advanced Technology & Materials Co. Ltd. Class A | 138,800 | 107 | |||
Ningbo Yunsheng Co. Ltd. Class A | 137,200 | 107 | ||||
Kingsignal Technology Co. Ltd. Class A | 82,800 | 106 | ||||
* | Quantum Hi-Tech China Biological Co. Ltd. Class A | 68,100 | 106 | |||
Guizhou Broadcasting & TV Information Network Co. Ltd. Class A | 104,400 | 105 | ||||
Nanjing Panda Electronics Co. Ltd. Class A | 93,100 | 104 | ||||
* | MCC Meili Cloud Computing Industry Investment Co. Ltd. Class A | 107,000 | 104 | |||
Guangdong Shirongzhaoye Co. Ltd. Class A | 111,900 | 104 | ||||
*,§ | Boshiwa International Holding Ltd. | 469,000 | 102 |
72
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value | ) |
Sino GeoPhysical Co. Ltd. Class A | 44,000 | 101 | ||||
* | Jiangsu Etern Co. Ltd. Class A | 174,200 | 101 | |||
Zhejiang Yankon Group Co. Ltd. Class A | 198,800 | 100 | ||||
Beijing Hualian Department Store Co. Ltd. Class A | 378,000 | 100 | ||||
Hubei Fuxing Science And Technology Co. Ltd. Class A | 132,100 | 100 | ||||
Xiamen Comfort Science & Technology Group Co. Ltd. Class A | 78,000 | 98 | ||||
Mayinglong Pharmaceutical Group Co. Ltd. Class A | 42,600 | 97 | ||||
Keda Group Co. Ltd. Class A | 179,200 | 97 | ||||
* | Gem-Year Industrial Co. Ltd. Class A | 122,100 | 96 | |||
Beijing Jingxi Culture & Tourism Co. Ltd. Class A | 99,500 | 96 | ||||
Shenzhen Danbond Technology Co. Ltd. Class A | 76,300 | 95 | ||||
Inner Mongolia M-Grass Ecology And Enviroment Group Co. Ltd. Class A | 234,600 | 95 | ||||
* | Fujian Snowman Co. Ltd. Class A | 94,000 | 94 | |||
Changchun Faway Automobile Components Co. Ltd. Class A | 70,400 | 94 | ||||
Sinosteel Engineering & Technology Co. Ltd. Class A | 156,600 | 91 | ||||
* | COFCO Capital Holdings Co. Ltd. Class A (XSHE) | 74,500 | 89 | |||
* | Tunghsu Azure Renewable Energy Co. Ltd. Class A | 208,000 | 89 | |||
* | Shanghai Rongtai Health Technology Corp. Ltd. Class A | 19,500 | 88 | |||
Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 63,300 | 88 | ||||
* | Shanghai Xinnanyang Only Education & Technology Co. Ltd. Class A | 39,500 | 87 | |||
* | Zhongfu Straits Pingtan Development Co. Ltd. Class A | 269,800 | 87 | |||
Guangxi Wuzhou Communications Co. Ltd. Class A (XSHG) | 158,800 | 86 | ||||
* | Kunshan Kersen Science & Technology Co. Ltd. Class A | 55,100 | 86 | |||
Rastar Group Class A | 173,400 | 85 | ||||
Shanghai Shenda Co. Ltd. Class A | 120,500 | 83 | ||||
Hakim Unique Internet Co. Ltd. Class A | 94,600 | 83 | ||||
* | Henan Yuguang Gold & Lead Co. Ltd. Class A | 152,200 | 83 | |||
* | China Tungsten And Hightech Materials Co. Ltd. Class A | 101,900 | 81 | |||
* | Fujian Dongbai Group Co. Ltd. Class A | 116,900 | 80 | |||
Shanghai Lansheng Corp. Class A | 57,900 | 79 | ||||
* | Guangzhou Holike Creative Home Co. Ltd. Class A | 38,800 | 74 | |||
* | Guangxi Guidong Electric Power Co. Ltd. Class A | 140,653 | 74 | |||
* | China Chengtong Development Group Ltd. | 3,246,000 | 72 | |||
Henan Rebecca Hair Products Co. Ltd. Class A | 185,900 | 71 | ||||
HY Energy Group Co. Ltd. Class A | 65,900 | 71 | ||||
Netposa Technologies Ltd. Class A | 166,500 | 70 | ||||
1 | A-Living Services Co. Ltd. Class H | 12,250 | 68 | |||
* | Zotye Automobile Co. Ltd. Class A | 230,800 | 66 | |||
* | Cangzhou Dahua Co. Ltd. Class A | 59,760 | 64 | |||
*,^,§ | China Lumena New Materials Corp. | 98,750 | 64 | |||
* | Zhejiang Yatai Pharmaceutical Co. Ltd. Class A | 79,400 | 61 | |||
* | Sanxiang Impression Co. Ltd. Class A | 107,500 | 61 | |||
China Lesso Group Holdings Ltd. | 42,000 | 60 | ||||
Gansu Jingyuan Coal Industry and Electricity Power Co. Ltd. Class A | 188,000 | 60 | ||||
*,^,§ | China Fishery Group Ltd. | 1,088,512 | 59 | |||
* | China Water Industry Group Ltd. | 1,596,000 | 56 | |||
Beijing Changjiu Logistics Corp. Class A | 40,400 | 52 | ||||
Square Technology Group Co. Ltd. Class A | 24,000 | 46 | ||||
* | Glorious Property Holdings Ltd. | 2,310,000 | 45 | |||
Chongyi Zhangyuan Tungsten Co. Ltd. Class A | 81,000 | 45 | ||||
Shanghai Jinjiang International Travel Co. Ltd. Class B | 32,400 | 40 | ||||
Inner Mongolia Eerduosi Resources Co. Ltd. Class B | 45,100 | 36 | ||||
*,§ | Hua Han Health Industry Holdings Ltd. | 1,817,183 | 28 | |||
§ | Real Gold Mining Ltd. | 239,476 | 26 | |||
* | Guangxi Wuzhou Communications Co. Ltd. Class A (XSSC) | 20,900 | 11 | |||
* | DIT Group Ltd. | 760,000 | 10 | |||
* | Capital Environment Holdings Ltd. | 686,000 | 10 | |||
* | V1 Group Ltd. | 495,000 | 9 | |||
*,^,§ | Midas Holdings Ltd. | 2,619,447 | — | |||
*,§ | Anxin-China Holdings Ltd. | 2,621,200 | — | |||
*,§ | China High Precision Automation Group Ltd. | 401,000 | — | |||
*,^,§ | China Metal Recycling Holdings Ltd. | 332,400 | — | |||
*,§ | Shenglong PV-Tech Investment Co. Ltd. | 44,660 | — |
73
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
| | | Shares | | Market Value | ) |
293,523 | ||||||
Colombia (0.0%) | ||||||
Banco Davivienda SA Preference Shares | 295,794 | 2,146 | ||||
* | CEMEX Latam Holdings SA | 452,072 | 205 | |||
2,351 | ||||||
Czech Republic (0.0%) | ||||||
* | Philip Morris CR AS | 1,250 | 714 | |||
Denmark (1.3%) | ||||||
* | Royal Unibrew A/S | 144,242 | 11,160 | |||
SimCorp A/S | 115,264 | 10,647 | ||||
* | Bavarian Nordic A/S | 233,993 | 5,513 | |||
Ringkjoebing Landbobank A/S | 85,015 | 5,337 | ||||
Topdanmark A/S | 121,765 | 4,915 | ||||
*,1 | Netcompany Group A/S | 94,877 | 4,902 | |||
* | ALK-Abello A/S | 18,818 | 4,787 | |||
* | Jyske Bank A/S | 170,671 | 4,607 | |||
* | FLSmidth & Co. A/S | 144,733 | 3,809 | |||
* | Zealand Pharma A/S | 104,271 | 3,625 | |||
* | Sydbank A/S | 172,063 | 2,843 | |||
* | Schouw & Co. A/S | 36,302 | 2,604 | |||
* | Dfds A/S | 85,761 | 2,177 | |||
1 | Scandinavian Tobacco Group A/S | 182,864 | 2,101 | |||
* | Nkt A/S | 79,096 | 1,778 | |||
* | Spar Nord Bank A/S | 234,648 | 1,635 | |||
* | Drilling Co. of 1972 A/S | 62,501 | 1,471 | |||
* | Alm Brand A/S | 176,613 | 1,384 | |||
* | Nilfisk Holding A/S | 78,384 | 1,110 | |||
* | D/S Norden A/S | 76,280 | 1,072 | |||
*,§ | OW Bunker A/S | 24,023 | — | |||
77,477 | ||||||
Egypt (0.1%) | ||||||
Egyptian Financial Group-Hermes Holding Co. | 1,986,732 | 1,422 | ||||
Orascom Construction plc | 164,638 | 748 | ||||
Six of October Development & Investment | 708,688 | 472 | ||||
Medinet Nasr Housing | 1,977,909 | 385 | ||||
* | Oriental Weavers | 971,879 | 337 | |||
* | Palm Hills Developments SAE | 4,059,043 | 331 | |||
* | Pioneers Holding for Financial Investments SAE | 1,372,352 | 328 | |||
Heliopolis Housing | 1,035,795 | 312 | ||||
Alexandria Mineral Oils Co. | 1,784,028 | 296 | ||||
* | Ezz Steel Co. SAE | 549,314 | 253 | |||
*,§ | Nile Cotton Ginning | 31,192 | 13 | |||
4,897 | ||||||
Finland (1.0%) | ||||||
* | Kojamo Oyj | 526,503 | 9,467 | |||
* | Valmet Oyj | 388,979 | 8,896 | |||
* | TietoEVRY Oyj (XHEL) | 217,827 | 5,308 | |||
* | Konecranes Oyj Class A | 210,346 | 4,565 | |||
* | Metsa Board Oyj | 497,119 | 3,463 | |||
* | Kemira Oyj | 255,025 | 3,068 | |||
Cargotec Oyj Class B | 140,334 | 3,062 | ||||
YIT Oyj | 467,694 | 2,564 | ||||
* | Outokumpu Oyj | 884,915 | 2,354 | |||
Sanoma Oyj | 214,122 | 1,933 | ||||
Uponor Oyj | 157,007 | 1,761 | ||||
^ | Outotec Oyj | 421,115 | 1,755 | |||
Ahlstrom-Munksjo Oyj | 111,046 | 1,544 | ||||
^ | Citycon Oyj | 220,135 | 1,454 | |||
* | TietoEVRY Oyj (XOSL) | 56,975 | 1,393 | |||
Raisio Oyj | 334,171 | 1,240 | ||||
* | F-Secure Oyj | 278,497 | 838 | |||
Oriola Oyj | 360,980 | 830 |
74
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | Finnair Oyj | 158,748 | 632 | |||
* | Caverion Oyj | 18,470 | 105 | |||
56,232 | ||||||
France (1.7%) | ||||||
Alten SA | 82,783 | 5,960 | ||||
* | Soitec | 60,219 | 5,537 | |||
Lagardere SCA | 337,245 | 5,477 | ||||
Spie SA | 359,750 | 5,423 | ||||
Korian SA | 147,548 | 4,956 | ||||
Sopra Steria Group | 41,700 | 4,937 | ||||
Gaztransport Et Technigaz SA | 64,187 | 4,653 | ||||
Nexity SA | 124,756 | 3,827 | ||||
Societe BIC SA | 74,030 | 3,703 | ||||
Nexans SA | 85,865 | 3,058 | ||||
* | Cgg SA | 2,074,557 | 2,622 | |||
* | Virbac SA | 12,555 | 2,476 | |||
*,1 | Neoen SA | 63,227 | 2,392 | |||
*,^ | Genfit | 105,637 | 2,292 | |||
Ipsos | 110,755 | 2,133 | ||||
Metropole Television SA | 186,818 | 2,080 | ||||
1 | Elior Group SA | 297,223 | 1,963 | |||
Trigano SA | 23,435 | 1,725 | ||||
* | Robertet SA | 1,969 | 1,717 | |||
Rothschild & Co. | 82,699 | 1,635 | ||||
* | DBV Technologies SA | 126,466 | 1,618 | |||
* | Fnac Darty SA | 49,640 | 1,604 | |||
Coface SA | 259,319 | 1,525 | ||||
* | Television Francaise 1 | 304,368 | 1,490 | |||
Carmila SA | 110,790 | 1,423 | ||||
Mercialys SA | 180,618 | 1,406 | ||||
Quadient | 97,770 | 1,350 | ||||
Interparfums SA | 38,303 | 1,327 | ||||
* | Vicat SA | 44,393 | 1,246 | |||
Albioma ACT Loyalty Shares (XPAR) | 36,463 | 1,208 | ||||
1 | Maisons du Monde SA | 127,712 | 1,149 | |||
*,^ | Vallourec SA | 889,760 | 1,060 | |||
Ffp | 15,176 | 1,029 | ||||
Akka Technologies | 32,285 | 1,028 | ||||
Tarkett SA | 95,756 | 947 | ||||
Mersen SA | 42,308 | 934 | ||||
Bonduelle SCA | 41,234 | 902 | ||||
^ | Eramet | 26,130 | 823 | |||
* | Lisi | 48,985 | 792 | |||
Derichebourg SA | 271,890 | 763 | ||||
Pharmagest Inter@ctive | 10,753 | 741 | ||||
* | Albioma SA | 21,031 | 697 | |||
Vilmorin & Cie SA | 17,260 | 690 | ||||
Beneteau SA | 107,492 | 681 | ||||
* | Albioma SA Loyalty Shares 2021 | 19,425 | 643 | |||
^,1 | Europcar Mobility Group | 306,734 | 572 | |||
Manitou BF SA | 36,540 | 560 | ||||
*,^,1 | X-Fab Silicon Foundries SE | 156,607 | 545 | |||
Rallye SA | 62,295 | 532 | ||||
Guerbet | 15,278 | 482 | ||||
GL Events | 37,514 | 449 | ||||
Jacquet Metal Service SA | 36,938 | 377 | ||||
*,1 | SMCP SA | 73,365 | 346 | |||
Etablissements Maurel et Prom SA | 160,622 | 300 | ||||
Akwel | 23,706 | 297 | ||||
Boiron SA | 8,023 | 295 | ||||
Union Financiere de France BQE SA | 10,350 | 175 | ||||
*,^,§ | Bourbon Corp. | 40,558 | 163 | |||
* | Esso SA Francaise | 7,641 | 143 |
75 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
100,878 | ||||||
Germany (3.7%) | ||||||
* | HelloFresh SE | 408,122 | 14,547 | |||
* | MorphoSys AG | 92,069 | 9,659 | |||
*,^ | Evotec SE | 389,009 | 9,599 | |||
TAG Immobilien AG | 369,519 | 8,094 | ||||
alstria office REIT-AG | 493,116 | 7,392 | ||||
Gerresheimer AG | 91,710 | 7,294 | ||||
Freenet AG | 374,138 | 7,098 | ||||
Grand City Properties SA | 322,171 | 6,737 | ||||
* | Dialog Semiconductor plc | 207,177 | 6,506 | |||
Aurubis AG | 105,114 | 5,449 | ||||
Cancom SE | 106,914 | 5,443 | ||||
Siltronic AG | 60,806 | 5,206 | ||||
Software AG | 143,331 | 5,090 | ||||
CompuGroup Medical SE | 65,169 | 4,953 | ||||
Stroeer SE & Co. KGaA | 72,209 | 4,570 | ||||
* | Hypoport SE | 11,709 | 4,128 | |||
RIB Software SE | 119,668 | 3,794 | ||||
^ | K&S AG | 561,359 | 3,776 | |||
1 | ADO Properties SA | 129,268 | 3,622 | |||
*,^ | Encavis AG | 289,986 | 3,557 | |||
Duerr AG | 143,692 | 3,353 | ||||
^ | S&T AG | 145,279 | 3,200 | |||
1 | Befesa SA | 99,836 | 3,154 | |||
Pfeiffer Vacuum Technology AG | 19,125 | 3,151 | ||||
Stabilus SA | 71,692 | 3,062 | ||||
Jenoptik AG | 148,392 | 3,056 | ||||
* | Aixtron SE | 307,913 | 2,862 | |||
Patrizia AG | 127,976 | 2,858 | ||||
Aareal Bank AG | 174,493 | 2,842 | ||||
^ | Sixt SE | 38,739 | 2,637 | |||
1 | Deutsche Pfandbriefbank AG | 356,936 | 2,624 | |||
Krones AG | 42,245 | 2,545 | ||||
Jungheinrich AG Preference Shares | 139,943 | 2,527 | ||||
Isra Vision AG | 45,773 | 2,508 | ||||
Norma Group SE | 92,928 | 2,327 | ||||
Sixt SE Preference Shares | 48,222 | 2,240 | ||||
* | Zooplus AG | 18,029 | 2,231 | |||
Deutsche EuroShop AG | 149,169 | 2,148 | ||||
* | DIC Asset AG | 147,218 | 1,951 | |||
New Work SE | 8,148 | 1,937 | ||||
Draegerwerk AG & Co. KGaA Preference Shares | 22,239 | 1,861 | ||||
KWS Saat SE & Co. KGaA | 29,819 | 1,714 | ||||
Indus Holding AG | 53,609 | 1,650 | ||||
Dermapharm Holding SE | 34,404 | 1,632 | ||||
* | Nordex SE | 200,762 | 1,614 | |||
Bilfinger SE | 82,340 | 1,548 | ||||
^ | Salzgitter AG | 113,428 | 1,515 | |||
* | Schaeffler AG Preference Shares | 219,650 | 1,483 | |||
Hornbach Holding AG & Co. KGaA | 24,420 | 1,394 | ||||
Deutz AG | 352,516 | 1,355 | ||||
* | Ceconomy AG | 519,535 | 1,330 | |||
BayWa AG | 42,165 | 1,237 | ||||
* | Washtec AG | 30,276 | 1,195 | |||
^ | Rhoen-Klinikum AG | 59,073 | 1,176 | |||
Hamburger Hafen und Logistik AG | 70,531 | 1,148 | ||||
Deutsche Beteiligungs AG | 32,837 | 1,112 | ||||
Wuestenrot & Wuerttembergische AG | 56,118 | 989 | ||||
Vossloh AG | 25,848 | 976 | ||||
Wacker Neuson SE | 75,096 | 932 | ||||
Kloeckner & Co. SE | 214,052 | 877 | ||||
^ | Koenig & Bauer AG | 39,973 | 822 |
76 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | SMA Solar Technology AG | 25,659 | 817 | |||
Takkt AG | 97,090 | 789 | ||||
TLG Immobilien AG | 38,377 | 677 | ||||
*,^ | Leoni AG | 97,691 | 671 | |||
* | Corestate Capital Holding SA | 30,810 | 634 | |||
* | Heidelberger Druckmaschinen AG | 809,792 | 576 | |||
Bertrandt AG | 13,657 | 526 | ||||
CropEnergies AG | 58,039 | 458 | ||||
*,^ | ElringKlinger AG | 83,935 | 456 | |||
*,^ | SGL Carbon SE | 144,099 | 446 | |||
Bechtle AG | 408 | 59 | ||||
CTS Eventim AG & Co. KGaA | 876 | 36 | ||||
*,^ | Varta AG | 222 | 18 | |||
213,450 | ||||||
Greece (0.2%) | ||||||
* | GEK Terna Holding Real Estate Construction SA | 249,981 | 1,596 | |||
Terna Energy SA | 133,149 | 1,243 | ||||
* | LAMDA Development SA | 179,602 | 1,181 | |||
* | Piraeus Bank SA | 855,869 | 1,142 | |||
* | Public Power Corp. SA | 334,454 | 972 | |||
Sarantis SA | 93,871 | 804 | ||||
Holding Co. ADMIE IPTO SA | 357,348 | 802 | ||||
Hellenic Exchanges SA | 165,139 | 616 | ||||
Aegean Airlines SA | 84,732 | 547 | ||||
* | Viohalco SA | 184,058 | 473 | |||
Fourlis Holdings SA | 117,722 | 461 | ||||
* | Ellaktor SA | 376,649 | 368 | |||
10,205 | ||||||
Hong Kong (1.2%) | ||||||
HKBN Ltd. | 2,249,129 | 3,873 | ||||
Fortune REIT | 3,839,589 | 3,616 | ||||
Microport Scientific Corp. | 1,251,000 | 2,687 | ||||
Gemdale Properties & Investment Corp. Ltd. | 15,606,000 | 2,487 | ||||
Man Wah Holdings Ltd. | 4,314,000 | 2,477 | ||||
Luk Fook Holdings International Ltd. | 988,399 | 2,116 | ||||
* | COFCO Meat Holdings Ltd. | 4,974,000 | 1,770 | |||
K Wah International Holdings Ltd. | 3,748,398 | 1,718 | ||||
^ | IGG Inc. | 2,509,000 | 1,595 | |||
Sunlight REIT | 3,084,072 | 1,589 | ||||
CITIC Telecom International Holdings Ltd. | 4,175,004 | 1,545 | ||||
* | Pacific Basin Shipping Ltd. | 12,317,532 | 1,509 | |||
Asia Cement China Holdings Corp. | 1,272,000 | 1,473 | ||||
*,^,1 | Razer Inc. | 10,714,000 | 1,440 | |||
Stella International Holdings Ltd. | 1,260,000 | 1,268 | ||||
SUNeVision Holdings Ltd. | 1,764,000 | 1,254 | ||||
Pou Sheng International Holdings Ltd. | 6,098,000 | 1,246 | ||||
* | Xinyi Energy Holdings Ltd. | 4,126,000 | 1,174 | |||
^ | United Laboratories International Holdings Ltd. | 1,340,500 | 1,158 | |||
Road King Infrastructure Ltd. | 747,346 | 1,155 | ||||
China Harmony New Energy Auto Holding Ltd. | 2,163,500 | 1,118 | ||||
* | Value Partners Group Ltd. | 2,724,434 | 1,081 | |||
Prosperity REIT | 3,357,000 | 1,077 | ||||
Far East Consortium International Ltd. | 2,973,858 | 1,055 | ||||
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 697,000 | 973 | ||||
* | Suncity Group Holdings Ltd. | 6,278,000 | 970 | |||
Canvest Environmental Protection Group Co. Ltd. | 2,114,000 | 929 | ||||
VSTECS Holdings Ltd. | 1,864,000 | 858 | ||||
*,1 | Frontage Holdings Corp. | 1,780,000 | 805 | |||
^,§ | Town Health International Medical Group Ltd. | 8,913,419 | 790 | |||
Dynam Japan Holdings Co. Ltd. | 780,040 | 779 | ||||
1 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 817,000 | 747 | |||
*,^,§ | Superb Summit International Group Ltd. | 3,957,346 | 745 | |||
* | Hong Kong Television Network Ltd. | 1,173,000 | 725 | |||
Pacific Textiles Holdings Ltd. | 1,401,000 | 709 |
77 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
*,1 | Impro Precision Industries Ltd. | 2,119,000 | 693 | |||
Giordano International Ltd. | 3,435,735 | 693 | ||||
Chinese Estates Holdings Ltd. | 1,436,500 | 686 | ||||
SmarTone Telecommunications Holdings Ltd. | 1,081,730 | 683 | ||||
1 | CGN New Energy Holdings Co. Ltd. | 3,204,720 | 664 | |||
NOVA Group Holdings Ltd. | 3,500,000 | 659 | ||||
Chow Sang Sang Holdings International Ltd. | 651,565 | 656 | ||||
Sun Hung Kai & Co. Ltd. | 1,584,000 | 651 | ||||
* | We Solutions Ltd. | 12,072,000 | 620 | |||
Ju Teng International Holdings Ltd. | 2,363,002 | 603 | ||||
*,§ | Convoy Global Holdings Ltd. | 26,130,000 | 563 | |||
* | Truly International Holdings Ltd. | 4,567,000 | 506 | |||
* | Esprit Holdings Ltd. | 5,215,100 | 500 | |||
Inspur International Ltd. | 1,585,203 | 483 | ||||
1 | IMAX China Holding Inc. | 316,558 | 480 | |||
1 | Regina Miracle International Holdings Ltd. | 1,000,000 | 474 | |||
1 | Crystal International Group Ltd. | 1,554,000 | 430 | |||
* | G-Resources Group Ltd. | 64,923,190 | 369 | |||
Lee's Pharmaceutical Holdings Ltd. | 747,500 | 366 | ||||
* | NewOcean Energy Holdings Ltd. | 2,584,000 | 359 | |||
* | Glory Sun Land Group Ltd. | 4,000,000 | 359 | |||
^ | Anton Oilfield Services Group | 5,653,298 | 353 | |||
* | Digital Domain Holdings Ltd. | 54,340,000 | 319 | |||
Texwinca Holdings Ltd. | 1,802,000 | 305 | ||||
* | HC Group Inc. | 1,693,000 | 285 | |||
* | New World Department Store China Ltd. | 1,391,666 | 267 | |||
* | Lifestyle China Group Ltd. | 1,150,870 | 266 | |||
Singamas Container Holdings Ltd. | 4,727,960 | 259 | ||||
* | Goodbaby International Holdings Ltd. | 2,480,000 | 254 | |||
* | GCL New Energy Holdings Ltd. | 17,847,541 | 251 | |||
*,^,§ | National Agricultural Holdings Ltd. | 1,560,000 | 239 | |||
*,^ | China Silver Group Ltd. | 3,136,508 | 237 | |||
* | Emperor Capital Group Ltd. | 11,147,860 | 224 | |||
BOE Varitronix Ltd. | 810,000 | 218 | ||||
* | Honghua Group Ltd. | 6,508,000 | 200 | |||
EVA Precision Industrial Holdings Ltd. | 2,952,000 | 187 | ||||
Henderson Investment Ltd. | 3,014,000 | 171 | ||||
* | Beijing Enterprises Medical | 8,718,000 | 165 | |||
*,§ | Camsing International Holding Ltd. | 1,068,000 | 160 | |||
Emperor Watch & Jewellery Ltd. | 8,750,000 | 157 | ||||
* | KuangChi Science Ltd. | 5,111,000 | 157 | |||
Shenwan Hongyuan HK Ltd. | 1,295,000 | 149 | ||||
^ | Agritrade Resources Ltd. | 6,905,000 | 148 | |||
* | China LNG Group Ltd. | 4,565,999 | 145 | |||
* | Parkson Retail Group Ltd. | 2,612,500 | 130 | |||
*,§ | Tech Pro technology Development Ltd. | 10,406,800 | 91 | |||
* | China Animal Healthcare Ltd. | 1,003,918 | 64 | |||
*,§ | China Baoli Technologies Holdings Ltd. | 4,844,496 | 62 | |||
SITC International Holdings Co. Ltd. | 53,000 | 52 | ||||
* | Beijing Sports and Entertainment Industry Group Ltd. | 1,100,000 | 30 | |||
*,§ | Sunshine Oilsands Ltd. | 1 | — | |||
67,553 | ||||||
Hungary (0.0%) | ||||||
*,^ | Opus Global Nyrt | 717,809 | 591 | |||
India (2.2%) | ||||||
Apollo Hospitals Enterprise Ltd. | 269,722 | 4,964 | ||||
Mindtree Ltd. | 394,020 | 4,770 | ||||
Crompton Greaves Consumer Electricals Ltd. | 1,226,438 | 3,604 | ||||
PI Industries Ltd. | 162,456 | 3,407 | ||||
Tata Consumer Products Ltd. | 695,178 | 3,239 | ||||
Ipca Laboratories Ltd. | 130,835 | 2,790 | ||||
* | Fortis Healthcare Ltd. | 1,529,873 | 2,558 | |||
Indraprastha Gas Ltd. | 392,971 | 2,489 |
78 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | Max Financial Services Ltd. | 391,295 | 2,432 | |||
AIA Engineering Ltd. | 108,972 | 2,319 | ||||
1 | Dr Lal PathLabs Ltd. | 104,735 | 2,178 | |||
Natco Pharma Ltd. | 261,634 | 2,108 | ||||
Pfizer Ltd. | 32,301 | 2,096 | ||||
SRF Ltd. | 40,662 | 1,998 | ||||
Varun Beverages Ltd. | 205,807 | 1,827 | ||||
Bayer CropScience Ltd. | 31,578 | 1,800 | ||||
Aarti Industries Ltd. | 123,270 | 1,791 | ||||
Balkrishna Industries Ltd. | 137,517 | 1,681 | ||||
Gujarat Gas Ltd. | 486,392 | 1,667 | ||||
* | Sanofi India Ltd. | 16,089 | 1,651 | |||
City Union Bank Ltd. | 861,048 | 1,644 | ||||
CESC Ltd. | 189,342 | 1,642 | ||||
Coromandel International Ltd. | 207,448 | 1,628 | ||||
Escorts Ltd. | 172,308 | 1,620 | ||||
Supreme Industries Ltd. | 111,660 | 1,608 | ||||
Mahanagar Gas Ltd. | 116,420 | 1,500 | ||||
Indian Hotels Co. Ltd. | 1,399,016 | 1,483 | ||||
Relaxo Footwears Ltd. | 175,275 | 1,479 | ||||
NIIT Technologies Ltd. | 90,942 | 1,445 | ||||
Astral Poly Technik Ltd. | 106,399 | 1,325 | ||||
Alembic Pharmaceuticals Ltd. | 132,635 | 1,296 | ||||
Manappuram Finance Ltd. | 728,533 | 1,287 | ||||
Sundaram Finance Ltd. | 76,298 | 1,281 | ||||
Ramco Cements Ltd. | 165,686 | 1,210 | ||||
Ajanta Pharma Ltd. | 61,692 | 1,210 | ||||
1 | L&T Technology Services Ltd. | 73,907 | 1,205 | |||
Phoenix Mills Ltd. | 165,833 | 1,193 | ||||
1 | Syngene International Ltd. | 275,439 | 1,166 | |||
Jubilant Life Sciences Ltd. | 212,091 | 1,126 | ||||
Gujarat State Petronet Ltd. | 399,846 | 1,099 | ||||
WABCO India Ltd. | 13,173 | 1,089 | ||||
PVR Ltd. | 75,352 | 1,010 | ||||
Apollo Tyres Ltd. | 751,038 | 954 | ||||
Vinati Organics Ltd. | 72,990 | 951 | ||||
*,1 | ICICI Securities Ltd. | 198,196 | 950 | |||
Hexaware Technologies Ltd. | 252,811 | 936 | ||||
Kajaria Ceramics Ltd. | 186,981 | 929 | ||||
* | Aavas Financiers Ltd. | 55,559 | 870 | |||
* | Aditya Birla Fashion and Retail Ltd. | 550,143 | 840 | |||
Prestige Estates Projects Ltd. | 357,583 | 817 | ||||
JK Cement Ltd. | 54,401 | 808 | ||||
1 | Laurus Labs Ltd. | 114,555 | 777 | |||
Thermax Ltd. | 79,095 | 761 | ||||
Strides Pharma Science Ltd. | 128,332 | 743 | ||||
KRBL Ltd. | 288,608 | 731 | ||||
Minda Industries Ltd. | 186,127 | 725 | ||||
1 | Godrej Agrovet Ltd. | 134,231 | 722 | |||
Amara Raja Batteries Ltd. | 95,241 | 717 | ||||
Polycab India Ltd. | 73,937 | 705 | ||||
Motilal Oswal Financial Services Ltd. | 105,074 | 700 | ||||
V-Guard Industries Ltd. | 299,328 | 697 | ||||
* | Just Dial Ltd. | 126,168 | 677 | |||
Persistent Systems Ltd. | 106,028 | 666 | ||||
Sundram Fasteners Ltd. | 149,260 | 658 | ||||
1 | Endurance Technologies Ltd. | 73,188 | 652 | |||
Tube Investments of India Ltd. | 131,777 | 649 | ||||
* | TeamLease Services Ltd. | 29,959 | 632 | |||
Radico Khaitan Ltd. | 157,828 | 617 | ||||
TTK Prestige Ltd. | 9,631 | 616 | ||||
Symphony Ltd. | 49,728 | 609 | ||||
Bombay Burmah Trading Co. | 49,734 | 592 | ||||
Redington India Ltd. | 588,673 | 574 |
79 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Indiabulls Ventures Ltd. | 406,898 | 574 | ||||
Ceat Ltd. | 53,628 | 571 | ||||
V-Mart Retail Ltd. | 24,487 | 558 | ||||
Graphite India Ltd. | 202,612 | 558 | ||||
Avanti Feeds Ltd. | 96,139 | 548 | ||||
National Aluminium Co. Ltd. | 1,301,472 | 546 | ||||
Edelweiss Financial Services Ltd. | 1,043,164 | 540 | ||||
IIFL Finance Ltd. | 527,779 | 533 | ||||
*,1 | Quess Corp. Ltd. | 194,314 | 528 | |||
Vakrangee Ltd. | 1,540,472 | 523 | ||||
Cholamandalam Financial Holdings Ltd. | 132,659 | 521 | ||||
JM Financial Ltd. | 600,623 | 516 | ||||
Balrampur Chini Mills Ltd. | 391,226 | 513 | ||||
India Cements Ltd. | 368,796 | 502 | ||||
Chambal Fertilizers and Chemicals Ltd. | 292,937 | 502 | ||||
Gujarat Pipavav Port Ltd. | 633,930 | 482 | ||||
HEG Ltd. | 45,088 | 477 | ||||
DCB Bank Ltd. | 450,362 | 476 | ||||
* | Sun Pharma Advanced Research Co. Ltd. | 263,940 | 453 | |||
Great Eastern Shipping Co. Ltd. | 143,283 | 446 | ||||
Birlasoft Ltd. | 458,274 | 438 | ||||
NCC Ltd. | 1,260,940 | 431 | ||||
EIH Ltd. | 403,627 | 404 | ||||
Engineers India Ltd. | 451,595 | 402 | ||||
Welspun India Ltd. | 1,146,667 | 400 | ||||
DCM Shriram Ltd. | 109,953 | 398 | ||||
Kaveri Seed Co. Ltd. | 75,922 | 374 | ||||
Finolex Cables Ltd. | 106,404 | 360 | ||||
* | IRB Infrastructure Developers Ltd. | 392,153 | 358 | |||
Karur Vysya Bank Ltd. | 911,346 | 353 | ||||
Sterlite Technologies Ltd. | 294,323 | 350 | ||||
Multi Commodity Exchange of India Ltd. | 24,594 | 348 | ||||
Jindal Saw Ltd. | 473,574 | 347 | ||||
1 | Dilip Buildcon Ltd. | 98,320 | 338 | |||
NBCC India Ltd. | 1,286,536 | 335 | ||||
* | Mahindra CIE Automotive Ltd. | 264,110 | 331 | |||
eClerx Services Ltd. | 52,590 | 322 | ||||
Care Ratings Ltd. | 65,415 | 320 | ||||
* | TV18 Broadcast Ltd. | 1,236,114 | 317 | |||
Welspun Corp. Ltd. | 371,662 | 314 | ||||
1 | PNB Housing Finance Ltd. | 118,267 | 309 | |||
Century Textiles & Industries Ltd. | 79,219 | 305 | ||||
Sobha Ltd. | 109,418 | 291 | ||||
* | Bajaj Consumer Care Ltd. | 151,555 | 289 | |||
* | Gujarat Fluorochemicals Ltd. | 70,406 | 286 | |||
Canara Bank | 243,095 | 281 | ||||
GE Power India Ltd. | 47,220 | 280 | ||||
* | Wockhardt Ltd. | 82,680 | 278 | |||
* | Indian Bank | 401,195 | 275 | |||
PTC India Ltd. | 513,301 | 271 | ||||
Karnataka Bank Ltd. | 459,138 | 269 | ||||
* | Suzlon Energy Ltd. | 7,579,836 | 262 | |||
* | Indiabulls Real Estate Ltd. | 319,224 | 245 | |||
Gateway Distriparks Ltd. | 197,287 | 239 | ||||
* | Equitas Holdings Ltd. | 328,389 | 224 | |||
Rain Industries Ltd. | 239,056 | 223 | ||||
Union Bank of India | 609,095 | 219 | ||||
* | Central Bank of India | 1,029,237 | 213 | |||
South Indian Bank Ltd. | 2,530,914 | 198 | ||||
1 | Eris Lifesciences Ltd. | 29,650 | 197 | |||
Punjab National Bank | 458,038 | 195 | ||||
* | Indian Overseas Bank | 1,903,594 | 194 | |||
* | Future Consumer Ltd. | 1,294,358 | 159 | |||
Sadbhav Engineering Ltd. | 253,744 | 157 |
80 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | Hindustan Construction Co. Ltd. | 2,253,755 | 148 | |||
Repco Home Finance Ltd. | 86,878 | 145 | ||||
Raymond Ltd. | 43,632 | 139 | ||||
* | VA Tech Wabag Ltd. | 78,531 | 134 | |||
Tata Chemicals Ltd. | 34,401 | 129 | ||||
* | Jammu & Kashmir Bank Ltd. | 633,463 | 124 | |||
* | IFCI Ltd. | 2,283,023 | 122 | |||
* | CG Power and Industrial Solutions Ltd. | 1,138,183 | 119 | |||
Gujarat Mineral Development Corp. Ltd. | 221,782 | 115 | ||||
Arvind Ltd. | 356,918 | 114 | ||||
GE T&D India Ltd. | 100,363 | 113 | ||||
Thomas Cook India Ltd. | 252,195 | 90 | ||||
* | Dish TV India Ltd. | 1,280,052 | 81 | |||
* | RattanIndia Power Ltd. | 1,924,218 | 33 | |||
* | Housing Development & Infrastructure Ltd. | 792,066 | 19 | |||
* | Aarti Surfactants Ltd. | 6,142 | 17 | |||
*,§ | Chennai Super Kings Cricket Ltd. | 176,674 | — | |||
128,298 | ||||||
Indonesia (0.4%) | ||||||
Ace Hardware Indonesia Tbk PT | 20,060,800 | 2,042 | ||||
* | Lippo Karawaci Tbk PT | 170,973,377 | 1,842 | |||
Pakuwon Jati Tbk PT | 67,339,334 | 1,691 | ||||
Ciputra Development Tbk PT | 40,519,355 | 1,461 | ||||
* | Japfa Comfeed Indonesia Tbk PT | 20,291,700 | 1,321 | |||
Pabrik Kertas Tjiwi Kimia Tbk PT | 3,695,000 | 1,229 | ||||
* | Bank Tabungan Pensiunan Nasional Syariah Tbk PT | 6,699,200 | 981 | |||
Mitra Adiperkasa Tbk PT | 21,747,400 | 950 | ||||
Summarecon Agung Tbk PT | 31,523,468 | 933 | ||||
Aneka Tambang Tbk | 25,035,819 | 855 | ||||
AKR Corporindo Tbk PT | 4,883,083 | 783 | ||||
* | Medco Energi Internasional Tbk PT | 20,254,306 | 610 | |||
Bank Tabungan Negara Persero Tbk PT | 10,061,270 | 592 | ||||
* | Panin Financial Tbk PT | 47,274,400 | 575 | |||
* | Bank Pan Indonesia Tbk PT | 11,373,200 | 570 | |||
Wijaya Karya Persero Tbk PT | 8,909,933 | 563 | ||||
Indo Tambangraya Megah Tbk PT | 1,140,000 | 550 | ||||
Waskita Karya Persero Tbk PT | 12,033,779 | 486 | ||||
* | Sentul City Tbk PT | 127,318,006 | 427 | |||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 7,137,500 | 384 | ||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 8,093,529 | 383 | ||||
* | Kresna Graha Investama Tbk PT | 38,785,200 | 351 | |||
* | Siloam International Hospitals Tbk PT | 965,739 | 339 | |||
Ramayana Lestari Sentosa Tbk PT | 8,532,100 | 328 | ||||
*,§ | Trada Alam Minera Tbk PT | 95,405,707 | 321 | |||
PP Persero Tbk PT | 7,111,200 | 316 | ||||
* | Global Mediacom Tbk PT | 20,804,906 | 289 | |||
* | Alam Sutera Realty Tbk PT | 34,917,291 | 275 | |||
Timah Tbk PT | 7,743,920 | 240 | ||||
Surya Semesta Internusa Tbk PT | 11,068,700 | 226 | ||||
Adhi Karya Persero Tbk PT | 5,385,200 | 198 | ||||
* | Eagle High Plantations Tbk PT | 34,839,200 | 186 | |||
* | Agung Podomoro Land Tbk PT | 20,987,878 | 147 | |||
* | Krakatau Steel Persero Tbk PT | 11,308,950 | 130 | |||
* | Salim Ivomas Pratama Tbk PT | 8,973,900 | 128 | |||
Bekasi Fajar Industrial Estate Tbk PT | 15,109,600 | 116 | ||||
* | Totalindo Eka Persada Tbk PT | 18,429,800 | 62 | |||
* | Sampoerna Agro Tbk PT | 129,300 | 22 | |||
22,902 | ||||||
Ireland (0.2%) | ||||||
Hibernia REIT plc | 1,995,262 | 2,595 | ||||
C&C Group plc (XDUB) | 852,933 | 2,095 | ||||
Cairn Homes plc (XLON) | 1,890,130 | 1,757 | ||||
Irish Continental Group plc | 462,656 | 1,749 | ||||
Dalata Hotel Group plc | 533,649 | 1,729 |
81 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | Permanent TSB Group Holdings plc | 320,385 | 177 | |||
Cairn Homes plc (XDUB) | 145,511 | 136 | ||||
10,238 | ||||||
Israel (0.7%) | ||||||
* | Nova Measuring Instruments Ltd. | 80,514 | 3,222 | |||
Reit 1 Ltd. | 513,461 | 2,556 | ||||
Electra Ltd. | 5,043 | 2,313 | ||||
Sapiens International Corp. NV | 73,139 | 1,825 | ||||
Matrix IT Ltd. | 91,493 | 1,774 | ||||
* | Enlight Renewable Energy Ltd. | 1,431,164 | 1,759 | |||
AudioCodes Ltd. | 59,045 | 1,749 | ||||
* | Energix-Renewable Energies Ltd. | 496,226 | 1,730 | |||
* | Hilan Ltd. | 40,633 | 1,602 | |||
Formula Systems 1985 Ltd. | 22,498 | 1,502 | ||||
FIBI Holdings Ltd. | 49,620 | 1,468 | ||||
Isracard Ltd. | 551,169 | 1,445 | ||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 21,699 | 1,417 | ||||
* | Clal Insurance Enterprises Holdings Ltd. | 142,109 | 1,412 | |||
Mega Or Holdings Ltd. | 55,677 | 1,397 | ||||
* | AFI Properties Ltd. | 43,390 | 1,320 | |||
* | Partner Communications Co. Ltd. | 287,181 | 1,252 | |||
Sella Capital Real Estate Ltd. | 559,125 | 1,163 | ||||
Bayside Land Corp. | 1,924 | 1,146 | ||||
Big Shopping Centers Ltd. | 12,663 | 1,013 | ||||
* | Allot Ltd. | 88,484 | 1,013 | |||
Kenon Holdings Ltd. | 47,600 | 968 | ||||
Menora Mivtachim Holdings Ltd. | 66,415 | 887 | ||||
* | Cellcom Israel Ltd. (Registered) | 235,993 | 869 | |||
Delek Automotive Systems Ltd. | 151,009 | 795 | ||||
* | Gilat Satellite Networks Ltd. | 79,923 | 688 | |||
IDI Insurance Co. Ltd. | 21,966 | 675 | ||||
* | Brack Capital Properties NV | 6,871 | 625 | |||
* | Kamada Ltd. | 81,383 | 620 | |||
* | Naphtha Israel Petroleum Corp. Ltd. | 102,539 | 530 | |||
Delta Galil Industries Ltd. | 26,762 | 476 | ||||
Norstar Holdings Inc. | 26,678 | 343 | ||||
Property & Building Corp. Ltd. | 3,439 | 254 | ||||
* | Mivne Real Estate KD Ltd. | 13,176 | 28 | |||
Shikun & Binui Ltd. | 4,578 | 19 | ||||
41,855 | ||||||
Italy (1.9%) | ||||||
Interpump Group SPA | 244,697 | 7,140 | ||||
Azimut Holding SPA | 351,221 | 5,985 | ||||
Unipol Gruppo SPA | 1,397,856 | 4,823 | ||||
Iren SPA | 1,922,371 | 4,740 | ||||
Reply SPA | 60,045 | 4,203 | ||||
IMA Industria Macchine Automatiche SPA | 60,663 | 4,135 | ||||
Banca Generali SPA | 163,299 | 4,060 | ||||
Cerved Group SPA | 540,737 | 3,684 | ||||
Freni Brembo SPA | 429,654 | 3,645 | ||||
Astm SpA | 181,863 | 3,557 | ||||
De' Longhi SPA | 188,133 | 3,400 | ||||
1 | Enav SPA | 742,206 | 3,326 | |||
Brunello Cucinelli SPA | 97,169 | 3,133 | ||||
Erg SpA | 160,038 | 2,875 | ||||
BPER Banca | 1,132,854 | 2,801 | ||||
1 | Anima Holding SPA | 781,265 | 2,766 | |||
1 | Technogym SPA | 352,592 | 2,608 | |||
Societa Cattolica di Assicurazioni SC | 454,502 | 2,518 | ||||
Acea SpA | 127,146 | 2,125 | ||||
Banca Popolare di Sondrio SCPA | 1,330,737 | 2,113 | ||||
*,1 | Banca Farmafactoring SPA | 375,853 | 1,941 | |||
Tamburi Investment Partners SPA | 299,297 | 1,936 | ||||
Autogrill SPA | 368,265 | 1,907 |
82 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | |||||||
Value | |||||||
Shares | ($000 | ) | |||||
1 | Carel Industries SPA | 118,280 | 1,762 | ||||
Falck Renewables SPA | 339,111 | 1,667 | |||||
Saras SPA | 1,611,414 | 1,522 | |||||
1 | RAI Way SPA | 276,961 | 1,493 | ||||
*,^ | Juventus Football Club SPA | 1,413,348 | 1,401 | ||||
Italmobiliare SPA | 43,486 | 1,301 | |||||
1 | doValue SPA | 172,991 | 1,275 | ||||
Marr SpA | 95,782 | 1,262 | |||||
CIR SpA-Compagnie Industriali | 2,585,202 | 1,147 | |||||
Zignago Vetro SPA | 89,993 | 1,118 | |||||
Piaggio & C SPA | 484,370 | 1,111 | |||||
^ | Tod's SPA | 35,004 | 1,072 | ||||
*,^ | Fincantieri SPA | 1,369,783 | 1,062 | ||||
* | Salini Impregilo SPA | 661,292 | 979 | ||||
Credito Emiliano SPA | 219,778 | 974 | |||||
Danieli & C Officine Meccaniche SPA Saving Shares | 127,907 | 950 | |||||
*,^ | Banca Monte dei Paschi di Siena SPA | 775,071 | 946 | ||||
Cementir Holding NV | 136,335 | 835 | |||||
^ | Maire Tecnimont SPA | 429,596 | 833 | ||||
Datalogic SPA | 59,288 | 814 | |||||
Immobiliare Grande Distribuzione SIIQ SPA | 192,562 | 762 | |||||
* | Banca IFIS SPA | 74,288 | 727 | ||||
* | Arnoldo Mondadori Editore SPA | 353,079 | 480 | ||||
*,1 | Ovs SpA | 477,901 | 412 | ||||
Cairo Communication SPA | 197,860 | 357 | |||||
Biesse SPA | 38,964 | 352 | |||||
Danieli & C Officine Meccaniche SPA | 27,666 | 352 | |||||
DeA Capital SPA | 225,174 | 320 | |||||
Rizzoli Corriere Della Sera Mediagroup SPA | 311,758 | 244 | |||||
^ | Geox SPA | 213,244 | 171 | ||||
107,122 | |||||||
Japan (15.8%) | |||||||
Tokyo Ohka Kogyo Co. Ltd. | 109,733 | 4,719 | |||||
Infomart Corp. | 608,900 | 4,204 | |||||
Iwatani Corp. | 117,624 | 4,018 | |||||
Fuji Corp. | 231,988 | 3,884 | |||||
Nitto Boseki Co. Ltd. | 81,811 | 3,869 | |||||
Yoshinoya Holdings Co. Ltd. | 186,020 | 3,844 | |||||
ADEKA Corp. | 287,155 | 3,606 | |||||
Tokyo Seimitsu Co. Ltd. | 111,034 | 3,592 | |||||
Nippon Gas Co. Ltd. | 108,200 | 3,568 | |||||
Hazama Ando Corp. | 566,279 | 3,527 | |||||
Mirait Holdings Corp. | 263,071 | 3,398 | |||||
Nippon Suisan Kaisha Ltd. | 759,722 | 3,380 | |||||
Digital Garage Inc. | 93,400 | 3,346 | |||||
Toagosei Co. Ltd. | 363,292 | 3,324 | |||||
Daiwabo Holdings Co. Ltd. | 52,876 | 3,257 | |||||
Jeol Ltd. | 109,200 | 3,229 | |||||
Fujitec Co. Ltd. | 224,384 | 3,201 | |||||
As One Corp. | 35,600 | 3,180 | |||||
Nichias Corp. | 159,769 | 3,176 | |||||
Inaba Denki Sangyo Co. Ltd. | 150,000 | 3,173 | |||||
Meitec Corp. | 71,546 | 3,159 | |||||
Toho Holdings Co. Ltd. | 151,918 | 3,146 | |||||
Duskin Co. Ltd. | 119,260 | 3,082 | |||||
TOKAI Holdings Corp. | 338,700 | 3,061 | |||||
Menicon Co. Ltd. | 70,200 | 3,047 | |||||
Nikkon Holdings Co. Ltd. | 156,148 | 3,032 | |||||
Keihin Corp. | 125,121 | 2,985 | |||||
Sakata Seed Corp. | 92,356 | 2,984 | |||||
Shimachu Co. Ltd. | 119,400 | 2,982 | |||||
Showa Corp. | 141,592 | 2,975 | |||||
NSD Co. Ltd. | 206,368 | 2,922 | |||||
Daio Paper Corp. | 214,054 | 2,921 |
83
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Jafco Co. Ltd. | 90,100 | 2,886 | ||||
Takasago Thermal Engineering Co. Ltd. | 180,789 | 2,850 | ||||
NEC Networks & System Integration Corp. | 65,900 | 2,836 | ||||
Systena Corp. | 201,600 | 2,834 | ||||
Kenedix Inc. | 623,900 | 2,819 | ||||
Nihon Parkerizing Co. Ltd. | 274,661 | 2,811 | ||||
Nishimatsu Construction Co. Ltd. | 148,142 | 2,805 | ||||
Kiyo Bank Ltd. | 184,810 | 2,731 | ||||
Internet Initiative Japan Inc. | 79,856 | 2,730 | ||||
Nippon Light Metal Holdings Co. Ltd. | 1,730,169 | 2,725 | ||||
CKD Corp. | 158,700 | 2,646 | ||||
Heiwa Real Estate Co. Ltd. | 97,342 | 2,614 | ||||
cocokara fine Inc. | 54,189 | 2,556 | ||||
Senko Group Holdings Co. Ltd. | 308,700 | 2,516 | ||||
Paramount Bed Holdings Co. Ltd. | 60,500 | 2,496 | ||||
Sangetsu Corp. | 167,620 | 2,495 | ||||
DCM Holdings Co. Ltd. | 253,988 | 2,482 | ||||
Daiseki Co. Ltd. | 111,987 | 2,474 | ||||
Toei Co. Ltd. | 19,864 | 2,467 | ||||
Trusco Nakayama Corp. | 113,700 | 2,460 | ||||
Katitas Co. Ltd. | 140,900 | 2,459 | ||||
Elecom Co. Ltd. | 61,900 | 2,441 | ||||
Shinko Electric Industries Co. Ltd. | 193,800 | 2,419 | ||||
Taikisha Ltd. | 82,588 | 2,405 | ||||
Asahi Holdings Inc. | 106,200 | 2,400 | ||||
Japan Material Co. Ltd. | 164,100 | 2,376 | ||||
Milbon Co. Ltd. | 53,920 | 2,367 | ||||
Kanematsu Corp. | 238,300 | 2,349 | ||||
^ | Japan Elevator Service Holdings Co. Ltd. | 92,200 | 2,345 | |||
Oki Electric Industry Co. Ltd. | 242,706 | 2,335 | ||||
Awa Bank Ltd. | 107,100 | 2,330 | ||||
Mizuho Leasing Co. Ltd. | 121,001 | 2,326 | ||||
Takuma Co. Ltd. | 214,300 | 2,317 | ||||
San-In Godo Bank Ltd. | 437,700 | 2,296 | ||||
Ogaki Kyoritsu Bank Ltd. | 112,374 | 2,293 | ||||
Nissin Kogyo Co. Ltd. | 110,309 | 2,289 | ||||
Japan Lifeline Co. Ltd. | 193,800 | 2,279 | ||||
^ | Kumiai Chemical Industry Co. Ltd. | 281,450 | 2,272 | |||
KYORIN Holdings Inc. | 109,300 | 2,271 | ||||
^ | Colowide Co. Ltd. | 164,300 | 2,263 | |||
JINS Holdings Inc. | 42,600 | 2,247 | ||||
Kumagai Gumi Co. Ltd. | 102,180 | 2,239 | ||||
Tsubakimoto Chain Co. | 95,164 | 2,229 | ||||
Nisshin Oillio Group Ltd. | 67,752 | 2,228 | ||||
DTS Corp. | 116,142 | 2,226 | ||||
Okinawa Electric Power Co. Inc. | 122,042 | 2,226 | ||||
Nippon Flour Mills Co. Ltd. | 140,929 | 2,219 | ||||
Okumura Corp. | 103,752 | 2,214 | ||||
Earth Corp. | 38,043 | 2,207 | ||||
BayCurrent Consulting Inc. | 38,596 | 2,187 | ||||
EDION Corp. | 248,475 | 2,160 | ||||
ZERIA Pharmaceutical Co. Ltd. | 111,040 | 2,157 | ||||
San-A Co. Ltd. | 53,544 | 2,157 | ||||
Joyful Honda Co. Ltd. | 176,948 | 2,154 | ||||
Kureha Corp. | 53,302 | 2,150 | ||||
Toyo Ink SC Holdings Co. Ltd. | 112,854 | 2,147 | ||||
Valor Holdings Co. Ltd. | 115,400 | 2,143 | ||||
Anicom Holdings Inc. | 57,900 | 2,137 | ||||
Tomy Co. Ltd. | 263,317 | 2,127 | ||||
Fuji Soft Inc. | 60,074 | 2,115 | ||||
Kato Sangyo Co. Ltd. | 62,100 | 2,106 | ||||
Showa Sangyo Co. Ltd. | 70,100 | 2,099 | ||||
TKC Corp. | 42,149 | 2,082 | ||||
Hokkoku Bank Ltd. | 69,251 | 2,058 |
84
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Totetsu Kogyo Co. Ltd. | 79,300 | 2,049 | ||||
Takara Standard Co. Ltd. | 137,599 | 2,028 | ||||
Nippon Soda Co. Ltd. | 78,725 | 2,020 | ||||
Taiyo Holdings Co. Ltd. | 49,300 | 2,016 | ||||
Mandom Corp. | 103,954 | 1,998 | ||||
en-japan Inc. | 90,600 | 1,997 | ||||
Hokkaido Electric Power Co. Inc. | 519,900 | 1,990 | ||||
Central Glass Co. Ltd. | 115,113 | 1,973 | ||||
Nippon Densetsu Kogyo Co. Ltd. | 101,203 | 1,973 | ||||
^ | Ichibanya Co. Ltd. | 47,368 | 1,968 | |||
Prestige International Inc. | 250,200 | 1,954 | ||||
Hogy Medical Co. Ltd. | 62,422 | 1,952 | ||||
Nanto Bank Ltd. | 92,300 | 1,936 | ||||
^ | Atom Corp. | 246,657 | 1,928 | |||
Prima Meat Packers Ltd. | 84,288 | 1,911 | ||||
Tokyo Dome Corp. | 260,678 | 1,904 | ||||
^ | Fuji Kyuko Co. Ltd. | 66,000 | 1,904 | |||
Funai Soken Holdings Inc. | 89,250 | 1,902 | ||||
Kameda Seika Co. Ltd. | 39,600 | 1,899 | ||||
Arcs Co. Ltd. | 100,300 | 1,882 | ||||
Macnica Fuji Electronics Holdings Inc. | 137,413 | 1,871 | ||||
* | Aiful Corp. | 847,300 | 1,867 | |||
Zojirushi Corp. | 127,300 | 1,858 | ||||
Bank of Okinawa Ltd. | 62,544 | 1,853 | ||||
Suruga Bank Ltd. | 531,000 | 1,845 | ||||
Meidensha Corp. | 116,287 | 1,803 | ||||
Create SD Holdings Co. Ltd. | 63,118 | 1,798 | ||||
Nichi-iko Pharmaceutical Co. Ltd. | 138,202 | 1,797 | ||||
^ | MOS Food Services Inc. | 71,058 | 1,789 | |||
Sumitomo Warehouse Co. Ltd. | 156,655 | 1,788 | ||||
Kohnan Shoji Co. Ltd. | 76,900 | 1,785 | ||||
Sumitomo Mitsui Construction Co. Ltd. | 431,946 | 1,782 | ||||
Nagaileben Co. Ltd. | 72,700 | 1,771 | ||||
Morita Holdings Corp. | 115,166 | 1,770 | ||||
Juroku Bank Ltd. | 100,500 | 1,766 | ||||
Mitsubishi Logisnext Co. Ltd. | 188,200 | 1,751 | ||||
Hyakugo Bank Ltd. | 603,200 | 1,750 | ||||
KH Neochem Co. Ltd. | 101,200 | 1,748 | ||||
Starts Corp. Inc. | 90,015 | 1,741 | ||||
Life Corp. | 55,800 | 1,733 | ||||
Sanki Engineering Co. Ltd. | 152,667 | 1,721 | ||||
Saibu Gas Co. Ltd. | 69,373 | 1,720 | ||||
Makino Milling Machine Co. Ltd. | 60,280 | 1,718 | ||||
Kadokawa Corp. | 118,601 | 1,705 | ||||
Nomura Co. Ltd. | 224,900 | 1,704 | ||||
Hanwa Co. Ltd. | 107,183 | 1,703 | ||||
Okamura Corp. | 235,547 | 1,702 | ||||
Okamoto Industries Inc. | 42,400 | 1,701 | ||||
Digital Arts Inc. | 28,100 | 1,693 | ||||
Eizo Corp. | 56,356 | 1,690 | ||||
Maruwa Unyu Kikan Co. Ltd. | 58,002 | 1,689 | ||||
Max Co. Ltd. | 113,600 | 1,687 | ||||
Tokyo Steel Manufacturing Co. Ltd. | 264,600 | 1,685 | ||||
Maruwa Co. Ltd. | 23,800 | 1,679 | ||||
Keiyo Bank Ltd. | 341,500 | 1,664 | ||||
Daihen Corp. | 58,151 | 1,656 | ||||
Fuso Chemical Co. Ltd. | 55,700 | 1,650 | ||||
Tri Chemical Laboratories Inc. | 18,544 | 1,648 | ||||
Nojima Corp. | 95,000 | 1,647 | ||||
Ohsho Food Service Corp. | 30,874 | 1,643 | ||||
Raito Kogyo Co. Ltd. | 131,800 | 1,639 | ||||
Strike Co. Ltd. | 40,414 | 1,634 | ||||
San-Ai Oil Co. Ltd. | 160,800 | 1,633 | ||||
Kanamoto Co. Ltd. | 83,700 | 1,623 |
85
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Mitsubishi Pencil Co. Ltd. | 129,400 | 1,620 | ||||
Iriso Electronics Co. Ltd. | 58,100 | 1,619 | ||||
Shinmaywa Industries Ltd. | 159,368 | 1,619 | ||||
Sekisui Jushi Corp. | 79,600 | 1,618 | ||||
Japan Wool Textile Co. Ltd. | 184,489 | 1,617 | ||||
Gunze Ltd. | 47,607 | 1,614 | ||||
Yamazen Corp. | 191,700 | 1,612 | ||||
Hokuetsu Corp. | 405,021 | 1,599 | ||||
Hitachi Zosen Corp. | 480,310 | 1,589 | ||||
Komeri Co. Ltd. | 81,600 | 1,585 | ||||
Nippon Signal Company Ltd. | 169,816 | 1,579 | ||||
Yokogawa Bridge Holdings Corp. | 89,700 | 1,574 | ||||
United Super Markets Holdings Inc. | 160,150 | 1,574 | ||||
BML Inc. | 61,200 | 1,570 | ||||
Eiken Chemical Co. Ltd. | 89,800 | 1,564 | ||||
Nachi-Fujikoshi Corp. | 53,951 | 1,560 | ||||
Fujimi Inc. | 56,247 | 1,560 | ||||
Towa Pharmaceutical Co. Ltd. | 75,482 | 1,556 | ||||
Ryosan Co. Ltd. | 70,957 | 1,552 | ||||
Arata Corp. | 37,559 | 1,551 | ||||
Axial Retailing Inc. | 40,730 | 1,546 | ||||
Transcosmos Inc. | 77,096 | 1,538 | ||||
Tocalo Co. Ltd. | 155,400 | 1,530 | ||||
Belc Co. Ltd. | 26,200 | 1,529 | ||||
Shizuoka Gas Co. Ltd. | 169,900 | 1,527 | ||||
Round One Corp. | 186,400 | 1,526 | ||||
Chudenko Corp. | 75,300 | 1,523 | ||||
IR Japan Holdings Ltd. | 25,400 | 1,520 | ||||
Heiwado Co. Ltd. | 88,900 | 1,515 | ||||
Seiren Co. Ltd. | 127,900 | 1,514 | ||||
Kintetsu World Express Inc. | 104,000 | 1,514 | ||||
Nichiha Corp. | 82,800 | 1,512 | ||||
Giken Ltd. | 41,100 | 1,501 | ||||
eGuarantee Inc. | 85,400 | 1,500 | ||||
*,^ | Leopalace21 Corp. | 667,200 | 1,482 | |||
Shibuya Corp. | 60,000 | 1,477 | ||||
* | Descente Ltd. | 110,900 | 1,477 | |||
Aeon Delight Co. Ltd. | 51,200 | 1,466 | ||||
TOMONY Holdings Inc. | 437,600 | 1,466 | ||||
*,^ | Token Corp. | 21,286 | 1,461 | |||
Kitz Corp. | 238,148 | 1,461 | ||||
ARTERIA Networks Corp. | 73,700 | 1,461 | ||||
Create Restaurants Holdings Inc. | 264,340 | 1,458 | ||||
Raiznext Corp. | 131,600 | 1,456 | ||||
Wacom Co. Ltd. | 418,136 | 1,454 | ||||
JCU Corp. | 62,100 | 1,453 | ||||
Saizeriya Co. Ltd. | 73,221 | 1,451 | ||||
Information Services International-Dentsu Ltd. | 34,200 | 1,451 | ||||
Tokyotokeiba Co. Ltd. | 43,700 | 1,440 | ||||
Infocom Corp. | 59,740 | 1,430 | ||||
Topre Corp. | 123,600 | 1,430 | ||||
Takeuchi Manufacturing Co. Ltd. | 99,300 | 1,427 | ||||
^ | Sakai Moving Service Co. Ltd. | 27,100 | 1,425 | |||
North Pacific Bank Ltd. | 793,400 | 1,421 | ||||
FCC Co. Ltd. | 99,243 | 1,412 | ||||
Okasan Securities Group Inc. | 466,300 | 1,410 | ||||
Nippon Seiki Co. Ltd. | 130,532 | 1,405 | ||||
^ | Toridoll Holdings Corp. | 122,900 | 1,403 | |||
KOMEDA Holdings Co. Ltd. | 92,300 | 1,402 | ||||
Outsourcing Inc. | 296,200 | 1,400 | ||||
Hosiden Corp. | 164,067 | 1,400 | ||||
Argo Graphics Inc. | 44,200 | 1,384 | ||||
Inabata & Co. Ltd. | 124,800 | 1,384 | ||||
Sato Holdings Corp. | 67,200 | 1,382 |
86
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Hyakujushi Bank Ltd. | 77,500 | 1,379 | ||||
^ | Miroku Jyoho Service Co. Ltd. | 54,200 | 1,367 | |||
Nikkiso Co. Ltd. | 175,061 | 1,362 | ||||
Shoei Co. Ltd. | 71,500 | 1,360 | ||||
Sanken Electric Co. Ltd. | 65,129 | 1,357 | ||||
Cybozu Inc. | 70,000 | 1,355 | ||||
Exedy Corp. | 84,100 | 1,355 | ||||
^ | Shoei Foods Corp. | 37,100 | 1,352 | |||
Kisoji Co. Ltd. | 61,460 | 1,347 | ||||
Tokai Tokyo Financial Holdings Inc. | 633,500 | 1,346 | ||||
Keihanshin Building Co. Ltd. | 104,200 | 1,345 | ||||
Mitsuuroko Group Holdings Co. Ltd. | 130,300 | 1,341 | ||||
Tokai Corp. | 51,800 | 1,341 | ||||
UACJ Corp. | 81,885 | 1,334 | ||||
Seiko Holdings Corp. | 79,958 | 1,328 | ||||
Nippon Steel Trading Corp. | 42,049 | 1,325 | ||||
Solasto Corp. | 129,800 | 1,322 | ||||
Ryoyo Electro Corp. | 58,842 | 1,321 | ||||
Shibaura Machine Co. Ltd. | 66,600 | 1,310 | ||||
Comture Corp. | 65,000 | 1,309 | ||||
* | RENOVA Inc. | 130,000 | 1,306 | |||
Osaka Soda Co. Ltd. | 57,100 | 1,303 | ||||
Fujimori Kogyo Co. Ltd. | 44,000 | 1,295 | ||||
Nitto Kogyo Corp. | 76,588 | 1,290 | ||||
Yodogawa Steel Works Ltd. | 81,833 | 1,287 | ||||
Ringer Hut Co. Ltd. | 64,200 | 1,286 | ||||
Ai Holdings Corp. | 104,000 | 1,285 | ||||
Relia Inc. | 121,400 | 1,280 | ||||
Toho Bank Ltd. | 547,964 | 1,276 | ||||
Nohmi Bosai Ltd. | 62,800 | 1,264 | ||||
Noritake Co. Ltd. | 38,500 | 1,261 | ||||
Yokowo Co. Ltd. | 55,837 | 1,260 | ||||
Shima Seiki Manufacturing Ltd. | 83,100 | 1,251 | ||||
Chofu Seisakusho Co. Ltd. | 57,100 | 1,250 | ||||
Kurabo Industries Ltd. | 54,600 | 1,250 | ||||
METAWATER Co. Ltd. | 31,400 | 1,249 | ||||
Teikoku Sen-I Co. Ltd. | 60,884 | 1,241 | ||||
Trancom Co. Ltd. | 18,700 | 1,239 | ||||
T Hasegawa Co. Ltd. | 61,700 | 1,237 | ||||
Musashino Bank Ltd. | 98,200 | 1,237 | ||||
Hamakyorex Co. Ltd. | 45,200 | 1,236 | ||||
Yuasa Trading Co. Ltd. | 45,800 | 1,232 | ||||
eRex Co. Ltd. | 88,300 | 1,230 | ||||
MCJ Co. Ltd. | 184,800 | 1,226 | ||||
Dip Corp. | 57,400 | 1,225 | ||||
Nissin Electric Co. Ltd. | 131,700 | 1,223 | ||||
Daibiru Corp. | 133,643 | 1,223 | ||||
Royal Holdings Co. Ltd. | 73,900 | 1,217 | ||||
* | Mitsui E&S Holdings Co. Ltd. | 214,700 | 1,213 | |||
Senshu Ikeda Holdings Inc. | 776,700 | 1,212 | ||||
Aomori Bank Ltd. | 56,961 | 1,203 | ||||
T-Gaia Corp. | 60,500 | 1,202 | ||||
Jaccs Co. Ltd. | 71,800 | 1,192 | ||||
Hirata Corp. | 24,811 | 1,190 | ||||
Hiday Hidaka Corp. | 77,019 | 1,188 | ||||
Sanyo Chemical Industries Ltd. | 30,154 | 1,188 | ||||
Kanematsu Electronics Ltd. | 34,900 | 1,184 | ||||
Maeda Kosen Co. Ltd. | 61,000 | 1,177 | ||||
Restar Holdings Corp. | 73,000 | 1,177 | ||||
United Arrows Ltd. | 75,267 | 1,173 | ||||
Tsugami Corp. | 135,800 | 1,173 | ||||
Japan Securities Finance Co. Ltd. | 248,641 | 1,170 | ||||
Idec Corp. | 79,700 | 1,167 | ||||
Chubu Shiryo Co. Ltd. | 76,100 | 1,167 |
87
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Yellow Hat Ltd. | 83,600 | 1,162 | ||||
Wakita & Co. Ltd. | 125,600 | 1,157 | ||||
Rorze Corp. | 28,100 | 1,156 | ||||
Nichicon Corp. | 175,083 | 1,154 | ||||
Marudai Food Co. Ltd. | 63,218 | 1,153 | ||||
Nippon Koei Co. Ltd. | 40,200 | 1,151 | ||||
* | euglena Co. Ltd. | 201,200 | 1,145 | |||
Bunka Shutter Co. Ltd. | 156,800 | 1,145 | ||||
S Foods Inc. | 54,200 | 1,144 | ||||
Bell System24 Holdings Inc. | 96,700 | 1,144 | ||||
* | KYB Corp. | 56,900 | 1,144 | |||
* | Optim Corp. | 57,738 | 1,144 | |||
^ | Inageya Co. Ltd. | 71,200 | 1,143 | |||
Chugoku Marine Paints Ltd. | 149,400 | 1,142 | ||||
S-Pool Inc. | 167,160 | 1,142 | ||||
Taiko Pharmaceutical Co. Ltd. | 74,437 | 1,140 | ||||
Pacific Industrial Co. Ltd. | 134,500 | 1,140 | ||||
Tsukishima Kikai Co. Ltd. | 100,900 | 1,137 | ||||
NichiiGakkan Co. Ltd. | 112,800 | 1,132 | ||||
Bank of the Ryukyus Ltd. | 121,067 | 1,130 | ||||
Doutor Nichires Holdings Co. Ltd. | 74,537 | 1,128 | ||||
Aruhi Corp. | 97,426 | 1,126 | ||||
Bank of Iwate Ltd. | 48,024 | 1,123 | ||||
SAMTY Co. Ltd. | 86,800 | 1,123 | ||||
^ | COLOPL Inc. | 137,300 | 1,122 | |||
Plenus Co. Ltd. | 68,400 | 1,120 | ||||
Aoyama Trading Co. Ltd. | 131,700 | 1,113 | ||||
Adastria Co. Ltd. | 80,400 | 1,111 | ||||
Optex Group Co. Ltd. | 97,600 | 1,111 | ||||
Maxell Holdings Ltd. | 120,700 | 1,110 | ||||
Sanyo Denki Co. Ltd. | 25,200 | 1,107 | ||||
Noritz Corp. | 98,887 | 1,100 | ||||
Aida Engineering Ltd. | 160,206 | 1,100 | ||||
Sakata INX Corp. | 122,700 | 1,096 | ||||
^ | Kura Sushi Inc. | 28,200 | 1,093 | |||
Fujicco Co. Ltd. | 60,605 | 1,089 | ||||
Bank of Nagoya Ltd. | 51,712 | 1,085 | ||||
Uchida Yoko Co. Ltd. | 24,700 | 1,083 | ||||
Seikagaku Corp. | 108,964 | 1,079 | ||||
Okuwa Co. Ltd. | 79,300 | 1,079 | ||||
Broadleaf Co. Ltd. | 232,500 | 1,076 | ||||
Pack Corp. | 33,900 | 1,073 | ||||
Daito Pharmaceutical Co. Ltd. | 31,800 | 1,070 | ||||
Kanto Denka Kogyo Co. Ltd. | 134,300 | 1,068 | ||||
Maruzen Showa Unyu Co. Ltd. | 45,500 | 1,067 | ||||
Computer Engineering & Consulting Ltd. | 69,570 | 1,064 | ||||
Yamagata Bank Ltd. | 90,185 | 1,063 | ||||
Joshin Denki Co. Ltd. | 54,626 | 1,059 | ||||
Gree Inc. | 268,700 | 1,056 | ||||
LIXIL VIVA Corp. | 61,900 | 1,054 | ||||
Tokyu Construction Co. Ltd. | 202,700 | 1,048 | ||||
Tsurumi Manufacturing Co. Ltd. | 59,700 | 1,044 | ||||
Musashi Seimitsu Industry Co. Ltd. | 128,730 | 1,042 | ||||
Nishimatsuya Chain Co. Ltd. | 131,600 | 1,041 | ||||
Oiles Corp. | 80,308 | 1,039 | ||||
Ricoh Leasing Co. Ltd. | 38,606 | 1,028 | ||||
Nippon Ceramic Co. Ltd. | 55,500 | 1,027 | ||||
Organo Corp. | 19,300 | 1,025 | ||||
Onward Holdings Co. Ltd. | 327,456 | 1,025 | ||||
Star Micronics Co. Ltd. | 92,798 | 1,024 | ||||
* | M&A Capital Partners Co. Ltd. | 36,800 | 1,024 | |||
Ehime Bank Ltd. | 100,400 | 1,018 | ||||
Piolax Inc. | 68,400 | 1,018 | ||||
Toppan Forms Co. Ltd. | 115,900 | 1,018 |
88
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Nitta Corp. | 56,900 | 1,018 | ||||
Yokohama Reito Co. Ltd. | 120,400 | 1,016 | ||||
J-Oil Mills Inc. | 26,600 | 1,015 | ||||
^ | DyDo Group Holdings Inc. | 25,644 | 1,014 | |||
Kyokuto Kaihatsu Kogyo Co. Ltd. | 86,900 | 1,014 | ||||
Dai-Dan Co. Ltd. | 40,500 | 1,013 | ||||
Daiho Corp. | 48,000 | 1,005 | ||||
KFC Holdings Japan Ltd. | 41,700 | 1,005 | ||||
Monex Group Inc. | 511,287 | 1,002 | ||||
Futaba Corp. | 107,132 | 1,000 | ||||
Hokuto Corp. | 55,724 | 998 | ||||
*,^ | Chiyoda Corp. | 439,600 | 990 | |||
Meisei Industrial Co. Ltd. | 135,800 | 988 | ||||
Japan Pulp & Paper Co. Ltd. | 29,700 | 987 | ||||
Torii Pharmaceutical Co. Ltd. | 35,800 | 986 | ||||
Tonami Holdings Co. Ltd. | 20,000 | 984 | ||||
Nippon Road Co. Ltd. | 16,300 | 983 | ||||
Itochu Enex Co. Ltd. | 131,700 | 978 | ||||
EPS Holdings Inc. | 94,000 | 978 | ||||
Konishi Co. Ltd. | 74,600 | 976 | ||||
Riken Keiki Co. Ltd. | 50,600 | 974 | ||||
Yondoshi Holdings Inc. | 60,100 | 974 | ||||
Zenrin Co. Ltd. | 92,350 | 973 | ||||
Geo Holdings Corp. | 74,300 | 973 | ||||
Shikoku Chemicals Corp. | 95,700 | 972 | ||||
Fukui Bank Ltd. | 66,055 | 968 | ||||
Sintokogio Ltd. | 139,600 | 965 | ||||
Vital KSK Holdings Inc. | 95,200 | 965 | ||||
Fukushima Galilei Co. Ltd. | 32,700 | 962 | ||||
Pressance Corp. | 93,848 | 960 | ||||
San ju San Financial Group Inc. | 66,752 | 952 | ||||
TPR Co. Ltd. | 81,329 | 949 | ||||
Zuken Inc. | 42,100 | 948 | ||||
Gakken Holdings Co. Ltd. | 57,600 | 948 | ||||
Sanyo Electric Railway Co. Ltd. | 47,984 | 947 | ||||
Furukawa Co. Ltd. | 92,498 | 945 | ||||
Key Coffee Inc. | 45,593 | 945 | ||||
Miyazaki Bank Ltd. | 43,793 | 944 | ||||
Ryobi Ltd. | 79,787 | 940 | ||||
TSI Holdings Co. Ltd. | 242,500 | 939 | ||||
ValueCommerce Co. Ltd. | 45,800 | 938 | ||||
Mizuno Corp. | 53,956 | 936 | ||||
Riso Kagaku Corp. | 69,684 | 935 | ||||
Tokushu Tokai Paper Co. Ltd. | 24,800 | 935 | ||||
Kaga Electronics Co. Ltd. | 51,500 | 931 | ||||
Nishio Rent All Co. Ltd. | 45,200 | 931 | ||||
Unipres Corp. | 105,480 | 925 | ||||
JM Holdings Co. Ltd. | 37,800 | 925 | ||||
Taihei Dengyo Kaisha Ltd. | 45,100 | 922 | ||||
Aichi Steel Corp. | 34,502 | 922 | ||||
^ | Nippon Carbon Co. Ltd. | 29,900 | 917 | |||
Tamura Corp. | 222,100 | 911 | ||||
^ | Fuji Co. Ltd. | 56,900 | 909 | |||
Dexerials Corp. | 138,200 | 907 | ||||
Takasago International Corp. | 42,600 | 903 | ||||
Daiichi Jitsugyo Co. Ltd. | 26,700 | 903 | ||||
Starzen Co. Ltd. | 22,000 | 898 | ||||
Riken Vitamin Co. Ltd. | 46,400 | 892 | ||||
Komori Corp. | 126,500 | 887 | ||||
TOC Co. Ltd. | 142,946 | 887 | ||||
Hibiya Engineering Ltd. | 51,500 | 885 | ||||
Konoike Transport Co. Ltd. | 82,100 | 885 | ||||
Obara Group Inc. | 33,940 | 879 | ||||
Takamatsu Construction Group Co. Ltd. | 42,700 | 877 |
89
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
ESPEC Corp. | 54,708 | 875 | ||||
Oita Bank Ltd. | 43,807 | 873 | ||||
*,^ | I'll Inc. | 53,800 | 871 | |||
V Technology Co. Ltd. | 25,200 | 870 | ||||
Fujibo Holdings Inc. | 32,400 | 866 | ||||
Ines Corp. | 65,800 | 863 | ||||
^ | Kitanotatsujin Corp. | 181,600 | 863 | |||
Fujio Food System Co. Ltd. | 69,900 | 855 | ||||
SBS Holdings Inc. | 50,500 | 854 | ||||
Mitsui-Soko Holdings Co. Ltd. | 62,652 | 849 | ||||
Nippon Kanzai Co. Ltd. | 49,600 | 848 | ||||
Sumitomo Densetsu Co. Ltd. | 40,600 | 845 | ||||
Nissha Co. Ltd. | 115,160 | 841 | ||||
Kappa Create Co. Ltd. | 68,388 | 841 | ||||
Tsubaki Nakashima Co. Ltd. | 119,800 | 841 | ||||
Sodick Co. Ltd. | 121,878 | 840 | ||||
TechMatrix Corp. | 33,600 | 839 | ||||
Matsuyafoods Holdings Co. Ltd. | 23,300 | 837 | ||||
* | Nippon Sheet Glass Co. Ltd. | 264,400 | 836 | |||
^ | Yamashin-Filter Corp. | 106,213 | 830 | |||
Toyo Construction Co. Ltd. | 207,700 | 829 | ||||
^ | Financial Products Group Co. Ltd. | 174,700 | 829 | |||
Mitsui Sugar Co. Ltd. | 41,500 | 828 | ||||
Okabe Co. Ltd. | 117,535 | 825 | ||||
Mitsuboshi Belting Ltd. | 60,200 | 824 | ||||
Monogatari Corp. | 13,770 | 819 | ||||
Denyo Co. Ltd. | 43,300 | 815 | ||||
Modec Inc. | 57,488 | 815 | ||||
Shin Nippon Air Technologies Co. Ltd. | 39,200 | 814 | ||||
Shin-Etsu Polymer Co. Ltd. | 104,400 | 814 | ||||
Siix Corp. | 99,700 | 812 | ||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 38,403 | 810 | ||||
Futaba Industrial Co. Ltd. | 170,200 | 809 | ||||
Mimasu Semiconductor Industry Co. Ltd. | 41,700 | 807 | ||||
*,^ | Raksul Inc. | 35,400 | 806 | |||
Hosokawa Micron Corp. | 17,700 | 806 | ||||
LEC Inc. | 72,948 | 805 | ||||
Shikoku Bank Ltd. | 103,440 | 803 | ||||
Takara Leben Co. Ltd. | 244,900 | 802 | ||||
Central Security Patrols Co. Ltd. | 19,795 | 801 | ||||
* | Change Inc. | 20,600 | 798 | |||
Daikyonishikawa Corp. | 161,100 | 798 | ||||
Doshisha Co. Ltd. | 64,100 | 789 | ||||
Megachips Corp. | 52,381 | 788 | ||||
Kyoei Steel Ltd. | 61,112 | 777 | ||||
Denki Kogyo Co. Ltd. | 33,580 | 775 | ||||
Canon Electronics Inc. | 52,594 | 770 | ||||
Tosei Corp. | 79,000 | 767 | ||||
Cawachi Ltd. | 32,400 | 766 | ||||
EM Systems Co. Ltd. | 102,600 | 756 | ||||
Aichi Bank Ltd. | 25,804 | 754 | ||||
Micronics Japan Co. Ltd. | 94,200 | 752 | ||||
Tamron Co. Ltd. | 45,100 | 750 | ||||
Tokyo Kiraboshi Financial Group Inc. | 76,966 | 749 | ||||
Mie Kotsu Group Holdings Inc. | 167,600 | 746 | ||||
Shinko Shoji Co. Ltd. | 92,400 | 745 | ||||
*,^ | Japan Display Inc. | 1,839,800 | 743 | |||
Qol Holdings Co. Ltd. | 67,199 | 743 | ||||
YAMABIKO Corp. | 96,300 | 742 | ||||
Kanagawa Chuo Kotsu Co. Ltd. | 19,700 | 741 | ||||
Optorun Co. Ltd. | 27,200 | 739 | ||||
Mitsui High-Tec Inc. | 65,900 | 738 | ||||
Sinko Industries Ltd. | 56,841 | 738 | ||||
Bando Chemical Industries Ltd. | 123,400 | 735 |
90
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Hioki EE Corp. | 25,800 | 734 | ||||
JVCKenwood Corp. | 461,540 | 734 | ||||
Anest Iwata Corp. | 94,700 | 733 | ||||
Nichiden Corp. | 38,400 | 732 | ||||
FULLCAST Holdings Co. Ltd. | 57,746 | 731 | ||||
PAL GROUP Holdings Co. Ltd. | 62,300 | 729 | ||||
Sanshin Electronics Co. Ltd. | 52,300 | 728 | ||||
Tekken Corp. | 36,800 | 727 | ||||
Tachibana Eletech Co. Ltd. | 52,834 | 726 | ||||
Kenko Mayonnaise Co. Ltd. | 39,400 | 724 | ||||
Iino Kaiun Kaisha Ltd. | 241,036 | 717 | ||||
Arcland Sakamoto Co. Ltd. | 75,200 | 717 | ||||
Elan Corp. | 45,200 | 716 | ||||
Valqua Ltd. | 43,000 | 715 | ||||
Sinfonia Technology Co. Ltd. | 75,500 | 715 | ||||
Sakai Chemical Industry Co. Ltd. | 42,609 | 714 | ||||
Ichikoh Industries Ltd. | 161,166 | 713 | ||||
YAKUODO Holdings Co. Ltd. | 30,000 | 711 | ||||
Halows Co. Ltd. | 25,500 | 709 | ||||
Nittetsu Mining Co. Ltd. | 17,500 | 708 | ||||
^ | Sourcenext Corp. | 241,700 | 706 | |||
Komatsu Matere Co. Ltd. | 101,000 | 705 | ||||
Hoosiers Holdings | 124,600 | 703 | ||||
Goldcrest Co. Ltd. | 46,480 | 701 | ||||
Future Corp. | 52,700 | 697 | ||||
*,^ | BrainPad Inc. | 14,219 | 696 | |||
Tachi-S Co. Ltd. | 79,500 | 696 | ||||
Icom Inc. | 28,200 | 695 | ||||
Sumitomo Seika Chemicals Co. Ltd. | 25,300 | 694 | ||||
Oyo Corp. | 59,200 | 693 | ||||
Poletowin Pitcrew Holdings Inc. | 83,500 | 690 | ||||
Noritsu Koki Co. Ltd. | 59,700 | 689 | ||||
Union Tool Co. | 27,100 | 688 | ||||
^ | Nextage Co. Ltd. | 101,900 | 687 | |||
Itochu-Shokuhin Co. Ltd. | 15,600 | 686 | ||||
Tayca Corp. | 49,132 | 686 | ||||
VT Holdings Co. Ltd. | 249,500 | 686 | ||||
Koa Corp. | 82,300 | 681 | ||||
Macromill Inc. | 107,200 | 680 | ||||
Avex Inc. | 89,600 | 678 | ||||
Alpen Co. Ltd. | 43,800 | 672 | ||||
SB Technology Corp. | 27,000 | 670 | ||||
Sinanen Holdings Co. Ltd. | 26,100 | 668 | ||||
Nippon Thompson Co. Ltd. | 193,400 | 668 | ||||
Daiken Corp. | 44,900 | 668 | ||||
Rheon Automatic Machinery Co. Ltd. | 59,015 | 668 | ||||
Riken Corp. | 25,000 | 667 | ||||
Akita Bank Ltd. | 49,300 | 661 | ||||
^ | Rock Field Co. Ltd. | 54,568 | 661 | |||
Chukyo Bank Ltd. | 33,800 | 660 | ||||
Daiwa Industries Ltd. | 76,900 | 660 | ||||
* | Intage Holdings Inc. | 92,200 | 660 | |||
^ | Insource Co. Ltd. | 29,900 | 656 | |||
^ | AOKI Holdings Inc. | 107,904 | 656 | |||
SWCC Showa Holdings Co. Ltd. | 63,900 | 655 | ||||
Advan Co. Ltd. | 65,400 | 654 | ||||
Nagatanien Holdings Co. Ltd. | 31,800 | 654 | ||||
Asahi Diamond Industrial Co. Ltd. | 146,822 | 654 | ||||
^ | Kyosan Electric Manufacturing Co. Ltd. | 137,800 | 653 | |||
Taki Chemical Co. Ltd. | 13,400 | 653 | ||||
^ | Matsuya Co. Ltd. | 113,200 | 651 | |||
Pacific Metals Co. Ltd. | 42,008 | 648 | ||||
Chiyoda Co. Ltd. | 67,500 | 647 | ||||
St. Marc Holdings Co. Ltd. | 38,600 | 645 |
91
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Belluna Co. Ltd. | 137,900 | 644 | ||||
Marusan Securities Co. Ltd. | 168,955 | 643 | ||||
Kamei Corp. | 65,600 | 643 | ||||
^ | Kintetsu Department Store Co. Ltd. | 26,600 | 642 | |||
Sankyo Tateyama Inc. | 77,500 | 639 | ||||
Sagami Holdings Corp. | 55,596 | 638 | ||||
Media Do Holdings Co. Ltd. | 16,621 | 637 | ||||
Toa Corp. | 48,500 | 636 | ||||
OPT Holding Inc. | 47,145 | 636 | ||||
CONEXIO Corp. | 47,200 | 635 | ||||
Sun Frontier Fudousan Co. Ltd. | 79,800 | 634 | ||||
ASKA Pharmaceutical Co. Ltd. | 61,200 | 633 | ||||
Japan Transcity Corp. | 138,492 | 633 | ||||
Feed One Co. Ltd. | 405,100 | 632 | ||||
Kyokuyo Co. Ltd. | 26,400 | 631 | ||||
Nissei ASB Machine Co. Ltd. | 23,400 | 630 | ||||
* | Curves Holdings Co. Ltd. | 131,308 | 629 | |||
OSJB Holdings Corp. | 291,994 | 628 | ||||
Mitsubishi Research Institute Inc. | 18,500 | 627 | ||||
Yamanashi Chuo Bank Ltd. | 84,162 | 627 | ||||
IDOM Inc. | 156,200 | 625 | ||||
Nippon Yakin Kogyo Co. Ltd. | 40,579 | 623 | ||||
Toenec Corp. | 20,500 | 621 | ||||
G-7 Holdings Inc. | 28,600 | 621 | ||||
Press Kogyo Co. Ltd. | 251,600 | 620 | ||||
Daido Metal Co. Ltd. | 124,200 | 620 | ||||
K&O Energy Group Inc. | 42,000 | 617 | ||||
Keiyo Co. Ltd. | 115,500 | 617 | ||||
Arcland Service Holdings Co. Ltd. | 39,700 | 616 | ||||
Teikoku Electric Manufacturing Co. Ltd. | 50,200 | 616 | ||||
CI Takiron Corp. | 113,200 | 615 | ||||
Toyo Corp. | 64,617 | 615 | ||||
Foster Electric Co. Ltd. | 56,485 | 614 | ||||
Maxvalu Tokai Co. Ltd. | 29,600 | 614 | ||||
Enplas Corp. | 29,053 | 610 | ||||
Fixstars Corp. | 60,800 | 610 | ||||
Tenma Corp. | 42,200 | 609 | ||||
Tanseisha Co. Ltd. | 94,900 | 609 | ||||
G-Tekt Corp. | 59,500 | 609 | ||||
Topy Industries Ltd. | 51,779 | 605 | ||||
Alconix Corp. | 58,614 | 602 | ||||
Dai Nippon Toryo Co. Ltd. | 70,400 | 602 | ||||
Towa Corp. | 69,465 | 600 | ||||
Ishihara Sangyo Kaisha Ltd. | 100,300 | 596 | ||||
Nihon Chouzai Co. Ltd. | 36,000 | 596 | ||||
Fukuda Corp. | 15,400 | 593 | ||||
Amuse Inc. | 28,500 | 593 | ||||
Katakura Industries Co. Ltd. | 61,400 | 591 | ||||
Achilles Corp. | 40,000 | 590 | ||||
Riso Kyoiku Co. Ltd. | 248,100 | 589 | ||||
Towa Bank Ltd. | 95,300 | 589 | ||||
Yurtec Corp. | 104,900 | 589 | ||||
* | KLab Inc. | 87,060 | 589 | |||
Sanyo Special Steel Co. Ltd. | 67,470 | 589 | ||||
KAWADA TECHNOLOGIES Inc. | 12,500 | 583 | ||||
World Co. Ltd. | 49,600 | 582 | ||||
Nissin Sugar Co. Ltd. | 32,725 | 578 | ||||
Daikokutenbussan Co. Ltd. | 14,100 | 578 | ||||
Kansai Super Market Ltd. | 54,900 | 578 | ||||
Kurimoto Ltd. | 34,500 | 572 | ||||
Proto Corp. | 64,000 | 572 | ||||
Koshidaka Holdings Co. Ltd. | 131,608 | 571 | ||||
Fujiya Co. Ltd. | 30,400 | 571 | ||||
Shibusawa Warehouse Co. Ltd. | 27,409 | 570 |
92
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Osaki Electric Co. Ltd. | 118,200 | 568 | ||||
Riken Technos Corp. | 138,400 | 567 | ||||
Stella Chemifa Corp. | 26,000 | 567 | ||||
Yorozu Corp. | 53,576 | 566 | ||||
Kanaden Corp. | 49,100 | 566 | ||||
Sumitomo Riko Co. Ltd. | 105,700 | 565 | ||||
ES-Con Japan Ltd. | 83,800 | 564 | ||||
Neturen Co. Ltd. | 103,900 | 564 | ||||
Alpha Systems Inc. | 19,200 | 563 | ||||
Toyo Tanso Co. Ltd. | 41,010 | 563 | ||||
Akatsuki Inc. | 15,000 | 562 | ||||
Arakawa Chemical Industries Ltd. | 47,400 | 562 | ||||
LIFULL Co. Ltd. | 183,500 | 560 | ||||
Shimizu Bank Ltd. | 33,100 | 558 | ||||
Kamakura Shinsho Ltd. | 55,800 | 556 | ||||
Koatsu Gas Kogyo Co. Ltd. | 81,400 | 555 | ||||
Hochiki Corp. | 42,200 | 553 | ||||
GLOBERIDE Inc. | 31,000 | 553 | ||||
*,^ | Atrae Inc. | 23,208 | 552 | |||
Kyodo Printing Co. Ltd. | 21,400 | 551 | ||||
Weathernews Inc. | 16,000 | 546 | ||||
Nitto Kohki Co. Ltd. | 31,300 | 546 | ||||
Shinwa Co. Ltd. | 32,900 | 545 | ||||
Genky DrugStores Co. Ltd. | 23,900 | 545 | ||||
Hodogaya Chemical Co. Ltd. | 16,800 | 545 | ||||
Warabeya Nichiyo Holdings Co. Ltd. | 37,400 | 544 | ||||
Tsukui Corp. | 132,000 | 540 | ||||
WDB Holdings Co. Ltd. | 23,012 | 536 | ||||
Yahagi Construction Co. Ltd. | 72,500 | 536 | ||||
^ | JDC Corp. | 109,500 | 533 | |||
Toho Titanium Co. Ltd. | 94,000 | 532 | ||||
CMK Corp. | 137,900 | 532 | ||||
Pasona Group Inc. | 53,200 | 528 | ||||
Shinnihon Corp. | 73,800 | 525 | ||||
Furuno Electric Co. Ltd. | 70,500 | 525 | ||||
Nippon Parking Development Co. Ltd. | 433,300 | 523 | ||||
Cosel Co. Ltd. | 62,200 | 521 | ||||
Fukui Computer Holdings Inc. | 19,400 | 520 | ||||
^ | Nippon Chemi-Con Corp. | 45,881 | 517 | |||
Xebio Holdings Co. Ltd. | 62,408 | 516 | ||||
* | RPA Holdings Inc. | 77,830 | 514 | |||
Shindengen Electric Manufacturing Co. Ltd. | 22,200 | 512 | ||||
Dai-ichi Seiko Co. Ltd. | 24,100 | 511 | ||||
Japan Medical Dynamic Marketing Inc. | 35,018 | 510 | ||||
Chiyoda Integre Co. Ltd. | 31,300 | 510 | ||||
* | Nippon Sharyo Ltd. | 19,900 | 509 | |||
Nichiban Co. Ltd. | 36,400 | 509 | ||||
Fuji Pharma Co. Ltd. | 46,600 | 503 | ||||
* | Vision Inc. | 72,865 | 502 | |||
Aichi Corp. | 74,500 | 499 | ||||
^ | Yonex Co. Ltd. | 113,900 | 497 | |||
Aisan Industry Co. Ltd. | 93,700 | 497 | ||||
Hokkaido Gas Co. Ltd. | 33,800 | 493 | ||||
Ministop Co. Ltd. | 35,700 | 493 | ||||
Nippon Beet Sugar Manufacturing Co. Ltd. | 31,400 | 491 | ||||
^ | YA-MAN Ltd. | 77,800 | 491 | |||
WATAMI Co. Ltd. | 51,200 | 490 | ||||
FAN Communications Inc. | 116,500 | 490 | ||||
Michinoku Bank Ltd. | 47,900 | 488 | ||||
Aiphone Co. Ltd. | 34,400 | 488 | ||||
France Bed Holdings Co. Ltd. | 59,600 | 487 | ||||
* | Unitika Ltd. | 162,400 | 487 | |||
Eagle Industry Co. Ltd. | 77,200 | 486 | ||||
Godo Steel Ltd. | 25,800 | 485 |
93
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
FIDEA Holdings Co. Ltd. | 480,400 | 480 | ||||
BRONCO BILLY Co. Ltd. | 25,100 | 479 | ||||
^ | RS Technologies Co. Ltd. | 19,900 | 479 | |||
Iseki & Co. Ltd. | 43,187 | 476 | ||||
ZIGExN Co. Ltd. | 163,200 | 476 | ||||
Chori Co. Ltd. | 30,400 | 475 | ||||
Onoken Co. Ltd. | 44,500 | 474 | ||||
Nissin Corp. | 32,200 | 473 | ||||
^ | PIA Corp. | 17,200 | 468 | |||
* | OSAKA Titanium Technologies Co. Ltd. | 53,700 | 466 | |||
^ | J Trust Co. Ltd. | 240,000 | 466 | |||
Zuiko Corp. | 11,300 | 464 | ||||
Tatsuta Electric Wire and Cable Co. Ltd. | 95,300 | 463 | ||||
* | Toho Zinc Co. Ltd. | 37,878 | 462 | |||
Juki Corp. | 84,318 | 462 | ||||
* | Vector Inc. | 70,000 | 458 | |||
Ryoden Corp. | 37,200 | 458 | ||||
Tokyo Electron Device Ltd. | 18,100 | 458 | ||||
PC Depot Corp. | 91,240 | 457 | ||||
Rokko Butter Co. Ltd. | 34,300 | 455 | ||||
* | Nippon Denko Co. Ltd. | 328,490 | 453 | |||
Toa Corp. | 68,200 | 453 | ||||
Maezawa Kyuso Industries Co. Ltd. | 24,500 | 452 | ||||
*,^ | Tama Home Co. Ltd. | 38,900 | 451 | |||
Fudo Tetra Corp. | 35,820 | 447 | ||||
Jimoto Holdings Inc. | 498,282 | 446 | ||||
Honeys Holdings Co. Ltd. | 43,790 | 444 | ||||
ST Corp. | 31,500 | 444 | ||||
Sankyo Seiko Co. Ltd. | 102,997 | 443 | ||||
JAC Recruitment Co. Ltd. | 41,800 | 438 | ||||
Nihon Nohyaku Co. Ltd. | 108,300 | 433 | ||||
Sparx Group Co. Ltd. | 268,400 | 430 | ||||
Kita-Nippon Bank Ltd. | 23,900 | 429 | ||||
CTS Co. Ltd. | 76,342 | 425 | ||||
Tochigi Bank Ltd. | 294,412 | 425 | ||||
* | Mitsuba Corp. | 100,724 | 423 | |||
Torishima Pump Manufacturing Co. Ltd. | 61,900 | 422 | ||||
^ | Toho Co. Ltd. | 26,200 | 421 | |||
Melco Holdings Inc. | 18,100 | 421 | ||||
SRA Holdings | 21,000 | 419 | ||||
Asahi Co. Ltd. | 34,700 | 417 | ||||
^ | Link And Motivation Inc. | 126,300 | 416 | |||
ASAHI YUKIZAI Corp. | 34,711 | 416 | ||||
Matsuda Sangyo Co. Ltd. | 34,000 | 416 | ||||
Pronexus Inc. | 41,335 | 415 | ||||
Mars Group Holdings Corp. | 26,600 | 415 | ||||
Sanoh Industrial Co. Ltd. | 64,100 | 414 | ||||
Fuso Pharmaceutical Industries Ltd. | 20,500 | 412 | ||||
MTI Ltd. | 80,300 | 412 | ||||
Moriroku Holdings Co. Ltd. | 30,100 | 411 | ||||
JSP Corp. | 31,800 | 410 | ||||
^ | JP-Holdings Inc. | 163,800 | 410 | |||
Krosaki Harima Corp. | 11,600 | 408 | ||||
Sekisui Plastics Co. Ltd. | 72,900 | 408 | ||||
Roland DG Corp. | 33,000 | 405 | ||||
Ichiyoshi Securities Co. Ltd. | 96,700 | 405 | ||||
Hokkan Holdings Ltd. | 28,500 | 404 | ||||
Tomoku Co. Ltd. | 28,000 | 402 | ||||
* | Akebono Brake Industry Co. Ltd. | 217,383 | 397 | |||
Toyo Kanetsu KK | 22,400 | 397 | ||||
Taisei Lamick Co. Ltd. | 16,300 | 395 | ||||
Marvelous Inc. | 79,200 | 395 | ||||
Sumida Corp. | 60,609 | 394 | ||||
GCA Corp. | 65,300 | 393 |
94
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
*,^ | COOKPAD Inc. | 128,600 | 391 | |||
^ | Happinet Corp. | 39,600 | 390 | |||
Tosho Co. Ltd. | 43,000 | 388 | ||||
SMK Corp. | 16,200 | 387 | ||||
Hisaka Works Ltd. | 56,300 | 386 | ||||
Gurunavi Inc. | 72,400 | 386 | ||||
Tokyo Energy & Systems Inc. | 56,800 | 384 | ||||
^ | Kourakuen Holdings Corp. | 27,600 | 375 | |||
NS United Kaiun Kaisha Ltd. | 27,800 | 371 | ||||
Artnature Inc. | 58,900 | 371 | ||||
NEC Capital Solutions Ltd. | 21,300 | 371 | ||||
Bank of Saga Ltd. | 35,700 | 370 | ||||
CMIC Holdings Co. Ltd. | 25,200 | 363 | ||||
Meiko Network Japan Co. Ltd. | 49,663 | 361 | ||||
Tv Tokyo Holdings Corp. | 16,100 | 358 | ||||
Itoki Corp. | 118,100 | 357 | ||||
Kato Works Co. Ltd. | 31,241 | 356 | ||||
Yushin Precision Equipment Co. Ltd. | 57,700 | 356 | ||||
Wowow Inc. | 15,000 | 355 | ||||
Nihon Tokushu Toryo Co. Ltd. | 44,400 | 354 | ||||
Nihon Trim Co. Ltd. | 12,500 | 352 | ||||
Tsukuba Bank Ltd. | 221,100 | 352 | ||||
Elematec Corp. | 46,200 | 351 | ||||
Corona Corp. Class A | 39,400 | 349 | ||||
Osaka Steel Co. Ltd. | 31,900 | 349 | ||||
Yomiuri Land Co. Ltd. | 10,800 | 347 | ||||
Studio Alice Co. Ltd. | 25,700 | 346 | ||||
Shimojima Co. Ltd. | 30,000 | 345 | ||||
^ | Fujita Kanko Inc. | 21,400 | 345 | |||
World Holdings Co. Ltd. | 26,000 | 344 | ||||
Okura Industrial Co. Ltd. | 23,600 | 344 | ||||
Sanei Architecture Planning Co. Ltd. | 30,800 | 342 | ||||
Maezawa Kasei Industries Co. Ltd. | 33,800 | 339 | ||||
BeNEXT Group Inc. | 54,092 | 338 | ||||
Kasai Kogyo Co. Ltd. | 72,500 | 337 | ||||
^ | Central Sports Co. Ltd. | 16,375 | 337 | |||
Kitano Construction Corp. | 13,700 | 330 | ||||
^ | Japan Best Rescue System Co. Ltd. | 46,565 | 329 | |||
Gun-Ei Chemical Industry Co. Ltd. | 13,700 | 327 | ||||
Fujikura Kasei Co. Ltd. | 70,000 | 323 | ||||
^ | Shin Nippon Biomedical Laboratories Ltd. | 55,500 | 321 | |||
* | Open Door Inc. | 36,100 | 320 | |||
* | Gunosy Inc. | 39,900 | 320 | |||
Chuetsu Pulp & Paper Co. Ltd. | 25,400 | 318 | ||||
* | Medical Data Vision Co. Ltd. | 45,000 | 316 | |||
* | Istyle Inc. | 142,700 | 315 | |||
Tsutsumi Jewelry Co. Ltd. | 20,400 | 315 | ||||
Yushiro Chemical Industry Co. Ltd. | 29,400 | 312 | ||||
Fujitsu Frontech Ltd. | 31,200 | 311 | ||||
Kitagawa Corp. | 22,000 | 311 | ||||
Chiba Kogyo Bank Ltd. | 142,100 | 310 | ||||
^ | CHIMNEY Co. Ltd. | 20,000 | 301 | |||
Hakuto Co. Ltd. | 33,100 | 300 | ||||
^ | Aeon Fantasy Co. Ltd. | 19,200 | 300 | |||
Toli Corp. | 126,201 | 299 | ||||
^ | Tokyo Individualized Educational Institute Inc. | 58,512 | 293 | |||
CAC Holdings Corp. | 28,900 | 290 | ||||
Daisyo Corp. | 25,800 | 288 | ||||
Chuo Spring Co. Ltd. | 11,300 | 286 | ||||
Sanyo Shokai Ltd. | 34,242 | 286 | ||||
Toa Oil Co. Ltd. | 17,400 | 285 | ||||
Seika Corp. | 27,100 | 282 | ||||
* | W-Scope Corp. | 85,500 | 281 | |||
Kyokuto Securities Co. Ltd. | 61,200 | 279 |
95
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Inaba Seisakusho Co. Ltd. | 22,200 | 269 | ||||
^ | Airtrip Corp. | 29,918 | 269 | |||
Namura Shipbuilding Co. Ltd. | 156,548 | 268 | ||||
Mitsui Matsushima Holdings Co. Ltd. | 34,500 | 268 | ||||
Hito Communications Holdings Inc. | 29,466 | 266 | ||||
Space Value Holdings Co. Ltd. | 83,600 | 264 | ||||
Sac's Bar Holdings Inc. | 50,850 | 261 | ||||
* | KNT-CT Holdings Co. Ltd. | 30,900 | 259 | |||
Tokyo Rakutenchi Co. Ltd. | 6,900 | 259 | ||||
Takihyo Co. Ltd. | 17,000 | 255 | ||||
* | Mitsubishi Steel Manufacturing Co. Ltd. | 35,300 | 254 | |||
Mitsubishi Paper Mills Ltd. | 71,400 | 252 | ||||
^ | Linical Co. Ltd. | 30,500 | 249 | |||
Takaoka Toko Co. Ltd. | 28,500 | 246 | ||||
Japan Cash Machine Co. Ltd. | 48,200 | 246 | ||||
Kojima Co. Ltd. | 66,800 | 243 | ||||
Daikoku Denki Co. Ltd. | 22,400 | 242 | ||||
Gecoss Corp. | 29,900 | 241 | ||||
*,^ | Toyo Engineering Corp. | 66,535 | 233 | |||
Cleanup Corp. | 47,300 | 227 | ||||
^ | Ohara Inc. | 26,088 | 221 | |||
Fuji Oil Co. Ltd. | 128,000 | 219 | ||||
Takamiya Co. Ltd. | 56,000 | 219 | ||||
* | Sanden Holdings Corp. | 66,800 | 214 | |||
Airport Facilities Co. Ltd. | 52,800 | 211 | ||||
Nisso Corp. | 47,000 | 207 | ||||
^ | Nippon Coke & Engineering Co. Ltd. | 398,600 | 206 | |||
Taiho Kogyo Co. Ltd. | 40,700 | 196 | ||||
* | Funai Electric Co. Ltd. | 46,600 | 193 | |||
Sumitomo Precision Products Co. Ltd. | 9,300 | 190 | ||||
* | FDK Corp. | 40,214 | 190 | |||
* | Tokyo Rope Manufacturing Co. Ltd. | 36,700 | 180 | |||
Jamco Corp. | 29,600 | 180 | ||||
Ateam Inc. | 26,400 | 173 | ||||
^ | Pepper Food Service Co. Ltd. | 39,454 | 172 | |||
Nakayama Steel Works Ltd. | 48,200 | 169 | ||||
Paris Miki Holdings Inc. | 64,700 | 160 | ||||
* | Aplus Financial Co. Ltd. | 274,300 | 160 | |||
*,^ | Right On Co. Ltd. | 32,000 | 140 | |||
Mitsui Fudosan Logistics Park Inc. | 32 | 126 | ||||
* | Tokyo Base Co. Ltd. | 46,700 | 125 | |||
Fields Corp. | 36,500 | 112 | ||||
*,^ | Laox Co. Ltd. | 79,500 | 108 | |||
*,^ | Tateru Inc. | 97,800 | 102 | |||
Lasertec Corp. | 1,200 | 79 | ||||
JCR Pharmaceuticals Co. Ltd. | 300 | 29 | ||||
Ship Healthcare Holdings Inc. | 600 | 27 | ||||
SMS Co. Ltd. | 900 | 20 | ||||
Toshiba TEC Corp. | 600 | 20 | ||||
Sushiro Global Holdings Ltd. | 1,200 | 19 | ||||
Kotobuki Spirits Co. Ltd. | 300 | 12 | ||||
910,454 | ||||||
Kuwait (0.1%) | ||||||
* | Warba Bank KSCP | 2,455,737 | 1,674 | |||
National Industries Group Holding SAK | 2,967,861 | 1,633 | ||||
Kuwait Projects Co. Holding KSCP | 2,019,791 | 1,114 | ||||
* | Kuwait International Bank KSCP | 1,672,230 | 980 | |||
Integrated Holding Co. KCSC | 429,387 | 582 | ||||
* | Alimtiaz Investment Group KSC | 2,052,590 | 544 | |||
6,527 | ||||||
Malaysia (0.8%) | ||||||
Carlsberg Brewery Malaysia Bhd. | 425,800 | 2,717 | ||||
Genting Plantations Bhd. | 1,179,073 | 2,607 | ||||
Kossan Rubber Industries | 1,885,300 | 2,459 |
96
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
Inari Amertron Bhd. | 6,404,200 | 2,097 | ||||
Bursa Malaysia Bhd. | 1,492,054 | 2,058 | ||||
TIME dotCom Bhd. | 901,500 | 2,050 | ||||
IGB REIT | 5,014,400 | 2,016 | ||||
My EG Services Bhd. | 6,304,300 | 1,851 | ||||
Sunway REIT | 4,967,500 | 1,810 | ||||
Sunway Bhd. | 4,603,588 | 1,672 | ||||
Yinson Holdings Bhd. | 1,373,100 | 1,651 | ||||
Axis REIT | 3,248,100 | 1,472 | ||||
Malakoff Corp. Bhd. | 7,305,800 | 1,471 | ||||
KPJ Healthcare Bhd. | 6,992,100 | 1,451 | ||||
Frontken Corp. Bhd. | 2,776,300 | 1,430 | ||||
* | Supermax Corp. Bhd. | 2,404,047 | 1,379 | |||
Berjaya Sports Toto Bhd. | 2,387,800 | 1,284 | ||||
Serba Dinamik Holdings Bhd. | 3,239,116 | 1,188 | ||||
Pentamaster Corp. Bhd. | 1,228,600 | 1,183 | ||||
Magnum Bhd. | 2,277,300 | 1,162 | ||||
Scientex Bhd. | 593,700 | 1,143 | ||||
Malaysia Building Society Bhd. | 6,200,200 | 912 | ||||
Pavilion REIT | 2,366,900 | 891 | ||||
DRB-Hicom Bhd. | 2,515,427 | 820 | ||||
VS Industry Bhd. | 3,705,175 | 791 | ||||
Syarikat Takaful Malaysia Keluarga Bhd. | 746,300 | 762 | ||||
SP Setia Bhd Group | 3,839,600 | 720 | ||||
Malaysian Resources Corp. Bhd. | 6,414,338 | 717 | ||||
1 | Lotte Chemical Titan Holding Bhd. | 1,690,705 | 664 | |||
Padini Holdings Bhd. | 1,078,400 | 625 | ||||
Sunway Construction Group Bhd. | 1,403,440 | 608 | ||||
AEON Credit Service M Bhd. | 281,400 | 594 | ||||
Bermaz Auto Bhd. | 1,876,240 | 591 | ||||
* | Leong Hup International Bhd. | 3,890,300 | 571 | |||
Cahya Mata Sarawak Bhd. | 1,620,900 | 517 | ||||
Sapura Energy Bhd. | 26,207,700 | 514 | ||||
* | Berjaya Corp. Bhd. | 9,566,092 | 432 | |||
* | Bumi Armada Bhd. | 10,089,500 | 386 | |||
* | Velesto Energy Bhd. | 11,123,380 | 375 | |||
* | WCT Holdings Bhd. | 2,430,621 | 283 | |||
Muhibbah Engineering M Bhd. | 1,079,400 | 258 | ||||
Pos Malaysia Bhd. | 1,060,400 | 213 | ||||
* | AirAsia X Bhd. | 5,694,250 | 144 | |||
* | Datasonic Group Bhd. Warrants Exp. 07/05/2023 | 599,250 | 59 | |||
* | Serba Dinamik Holdings Bhd. Warrants Exp. 05/12/2024 | 878,820 | 54 | |||
* | UMW Oil & Gas Corp. Warrants Exp. 09/30/2024 | 2,470,020 | 34 | |||
* | Sunway Bhd. Warrants Exp. 12/31/2024 | 362,955 | 23 | |||
* | Malaysian Resources Corp. Bhd. Warrants Exp. 12/31/2027 | 430,554 | 12 | |||
* | BIMB Holdings Bhd. Warrants Exp. 12/04/2023 | 154,640 | 7 | |||
*,§ | OSK Holdings Bhd. Warrants Exp. 07/22/2020 | 357,292 | — | |||
*,§ | WCT Holdings Bhd. Warrants Exp. 08/24/2020 | 310,551 | — | |||
* | AirAsia X Bhd. Warrants Exp. 06/08/2020 | 300,675 | — | |||
48,728 | ||||||
Mexico (0.4%) | ||||||
PLA Administradora Industrial S de RL de CV | 2,303,163 | 2,388 | ||||
Qualitas Controladora SAB de CV | 542,376 | 2,236 | ||||
Corp Inmobiliaria Vesta SAB de CV | 1,608,642 | 2,205 | ||||
Bolsa Mexicana de Valores SAB de CV | 1,205,666 | 2,190 | ||||
Prologis Property Mexico SA de CV | 1,321,024 | 2,154 | ||||
1 | Macquarie Mexico Real Estate Management SA de CV | 2,234,144 | 1,846 | |||
* | Genomma Lab Internacional SAB de CV Class B | 2,170,052 | 1,748 | |||
* | La Comer SAB de CV | 1,371,797 | 1,434 | |||
Grupo Cementos de Chihuahua SAB de CV | 480,800 | 1,396 | ||||
Gentera SAB de CV | 3,253,700 | 1,293 | ||||
* | Grupo Comercial Chedraui SA de CV | 875,700 | 1,050 | |||
* | Controladora Vuela Cia de Aviacion SAB de CV Class A | 2,109,808 | 1,039 | |||
Grupo Herdez SAB de CV | 618,383 | 766 |
97
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Market | ||||||
Value | ||||||
Shares | ($000 | ) | ||||
* | Axtel SAB de CV | 3,952,051 | 459 | |||
* | Credito Real SAB de CV SOFOM ER | 725,168 | 436 | |||
* | Hoteles City Express SAB de CV | 1,084,501 | 324 | |||
1 | Nemak SAB de CV | 1,727,264 | 322 | |||
Grupo Rotoplas SAB de CV | 478,693 | 272 | ||||
Consorcio ARA SAB de CV | 1,919,687 | 235 | ||||
* | Unifin Financiera SAB de CV | 303,341 | 165 | |||
23,958 | ||||||
Netherlands (1.3%) | ||||||
Imcd NV | 154,112 | 13,609 | ||||
* | BE Semiconductor Industries NV | 208,915 | 8,646 | |||
Corbion NV | 172,044 | 6,185 | ||||
SBM Offshore NV | 477,768 | 6,056 | ||||
TKH Group NV | 122,710 | 4,305 | ||||
1 | Intertrust NV | 256,732 | 4,041 | |||
Aperam SA | 137,757 | 3,569 | ||||
* | Arcadis NV | 208,506 | 3,242 | |||
1 | Flow Traders | 80,967 | 2,701 | |||
PostNL NV | 1,361,324 | 2,346 | ||||
*,1 | Basic-Fit NV | 109,607 | 2,227 | |||
Nsi NV | 52,037 | 2,096 | ||||
Eurocommercial Properties NV | 139,947 | 1,559 | ||||
Sligro Food Group NV | 99,306 | 1,551 | ||||
TomTom NV | 196,801 | 1,550 | ||||
^ | AMG Advanced Metallurgical Group NV | 88,461 | 1,488 | |||
* | Koninklijke BAM Groep NV | 713,536 | 1,192 | |||
* | Accell Group NV | 62,246 | 1,163 | |||
^ | Wereldhave NV | 118,745 | 1,045 | |||
Vastned Retail NV | 50,217 | 926 | ||||
*,^ | Fugro NV | 234,184 | 877 | |||
^,1 | NIBC Holding NV | 115,996 | 875 | |||
* | ForFarmers NV | 105,225 | 700 | |||
^,1 | B&S Group Sarl | 73,061 | 408 | |||
^ | Brunel International NV | 59,049 | 373 | |||
ASM International NV | 672 | 74 | ||||
* | Altice Europe NV | 8,493 | 34 | |||
*,§ | Wessanen | 340 | 4 | |||
*,§ | SRH NV | 96,364 | — | |||
72,842 | ||||||
New Zealand (0.7%) | ||||||
Chorus Ltd. | 1,298,539 | 5,667 | ||||
Goodman Property Trust | 3,271,229 | 4,487 | ||||
Infratil Ltd. | 1,358,026 | 3,803 | ||||
EBOS Group Ltd. | 270,050 | 3,647 | ||||
Precinct Properties New Zealand Ltd. | 3,121,208 | 3,032 | ||||
Genesis Energy Ltd. | 1,463,704 | 2,503 | ||||
Summerset Group Holdings Ltd. | 652,070 | 2,405 | ||||
Z Energy Ltd. | 1,048,164 | 1,975 | ||||
Freightways Ltd. | 433,671 | 1,761 | ||||
Vital Healthcare Property Trust | 1,090,222 | 1,601 | ||||
Vector Ltd. | 737,320 | 1,588 | ||||
Argosy Property Ltd. | 2,385,001 | 1,540 | ||||
* | Pushpay Holdings Ltd. | 535,012 | 1,398 | |||
Metlifecare Ltd. | 500,657 | 1,281 | ||||
* | Synlait Milk Ltd. | 292,249 | 1,220 | |||
Scales Corp. Ltd. | 324,005 | 959 | ||||
Heartland Group Holdings Ltd. | 1,220,670 | 837 | ||||
Kathmandu Holdings Ltd. | 1,568,887 | 753 | ||||
* | Restaurant Brands New Zealand Ltd. | 91,178 | 668 | |||
* | Oceania Healthcare Ltd. | 1,028,338 | 480 | |||
Vista Group International Ltd. | 483,849 | 367 | ||||
^ | Tourism Holdings Ltd. | 432,560 | 336 | |||
New Zealand Refining Co. Ltd. | 549,586 | 309 |
98 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
* | SKY Network Television Ltd. | 1,309,442 | 224 | |||
42,841 | ||||||
Norway (1.4%) | ||||||
TOMRA Systems ASA | 319,975 | 10,632 | ||||
* | Bakkafrost P/F | 148,507 | 7,327 | |||
* | Storebrand ASA | 1,370,377 | 6,879 | |||
^,1 | Entra ASA | 489,751 | 6,166 | |||
TGS NOPEC Geophysical Co. ASA | 339,338 | 5,197 | ||||
*,^ | Nel ASA | 3,619,308 | 4,430 | |||
1 | Scatec Solar ASA | 267,253 | 3,891 | |||
* | SpareBank 1 SR-Bank ASA | 516,857 | 3,282 | |||
Kongsberg Gruppen ASA | 222,496 | 2,859 | ||||
Veidekke ASA | 314,606 | 2,793 | ||||
SpareBank 1 SMN | 376,465 | 2,735 | ||||
* | Borregaard ASA | 291,539 | 2,708 | |||
* | Nordic Semiconductor ASA | 431,883 | 2,534 | |||
Frontline Ltd. | 262,196 | 2,459 | ||||
* | Norwegian Finans Holding ASA | 457,696 | 2,442 | |||
Atea ASA | 237,813 | 2,082 | ||||
Austevoll Seafood ASA | 259,254 | 2,020 | ||||
Grieg Seafood ASA | 159,726 | 1,567 | ||||
*,1 | Sbanken ASA | 236,810 | 1,261 | |||
1 | Elkem ASA | 713,425 | 1,187 | |||
Norway Royal Salmon ASA | 45,748 | 928 | ||||
^ | Dno ASA | 1,855,585 | 838 | |||
1 | BW LPG Ltd. | 240,760 | 821 | |||
* | BW Offshore Ltd. | 266,127 | 748 | |||
Sparebank 1 Oestlandet | 83,435 | 679 | ||||
Stolt-Nielsen Ltd. | 73,816 | 629 | ||||
Ocean Yield ASA | 150,417 | 390 | ||||
* | Pgs ASA | 976,976 | 349 | |||
Wallenius Wilhelmsen ASA | 306,806 | 338 | ||||
*,^,1 | Aker Solutions ASA | 427,279 | 279 | |||
*,^ | Borr Drilling Ltd. | 244,518 | 172 | |||
*,^ | Norwegian Air Shuttle ASA | 139,559 | 120 | |||
* | BW Energy Ltd. | 51,318 | 64 | |||
80,806 | ||||||
Pakistan (0.2%) | ||||||
Engro Corp. Ltd. | 936,596 | 1,794 | ||||
* | Hub Power Co. Ltd. | 3,065,401 | 1,605 | |||
MCB Bank Ltd. | 1,520,448 | 1,549 | ||||
Lucky Cement Ltd. | 528,366 | 1,549 | ||||
Pakistan State Oil Co. Ltd. | 1,025,784 | 989 | ||||
Pakistan Oilfields Ltd. | 397,580 | 787 | ||||
Bank Alfalah Ltd. | 4,019,400 | 753 | ||||
Engro Fertilizers Ltd. | 1,724,430 | 663 | ||||
United Bank Ltd. | 876,100 | 584 | ||||
Millat Tractors Ltd. | 87,271 | 380 | ||||
SUI Northern Gas Pipeline | 1,146,200 | 378 | ||||
DG Khan Cement Co. Ltd. | 651,086 | 351 | ||||
Nishat Mills Ltd. | 671,126 | 321 | ||||
Searle Co. Ltd. | 271,503 | 313 | ||||
* | National Bank of Pakistan | 1,521,000 | 269 | |||
* | SUI Southern Gas Co. Ltd. | 2,740,500 | 233 | |||
Fauji Cement Co. Ltd. | 2,042,807 | 216 | ||||
Kot Addu Power Co. Ltd. | 1,504,608 | 215 | ||||
Pakistan Telecommunication Co. Ltd. | 663,000 | 32 | ||||
12,981 | ||||||
Philippines (0.3%) | ||||||
Security Bank Corp. | 1,318,849 | 2,668 | ||||
Puregold Price Club Inc. | 2,799,900 | 2,548 | ||||
Robinsons Retail Holdings Inc. | 1,824,670 | 2,410 | ||||
Robinsons Land Corp. | 5,868,397 | 1,734 |
99 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
First Gen Corp. | 3,559,430 | 1,333 | ||||
Wilcon Depot Inc. | 4,136,200 | 1,198 | ||||
Vista Land & Lifescapes Inc. | 11,660,100 | 994 | ||||
Century Pacific Food Inc. | 2,878,900 | 813 | ||||
Manila Water Co. Inc. | 3,451,685 | 724 | ||||
D&L Industries Inc. | 6,324,300 | 661 | ||||
Filinvest Land Inc. | 28,626,400 | 536 | ||||
Cebu Air Inc. | 556,580 | 532 | ||||
*,1 | CEMEX Holdings Philippines Inc. | 18,196,435 | 399 | |||
Nickel Asia Corp. | 8,642,874 | 288 | ||||
*,§ | Altus San Nicolas Corp. | 107,275 | 11 | |||
16,849 | ||||||
Poland (0.4%) | ||||||
* | Orange Polska SA | 1,915,661 | 3,253 | |||
*,1 | PLAY Communications SA | 368,905 | 2,986 | |||
Asseco Poland SA | 162,733 | 2,630 | ||||
* | Kernel Holding SA | 146,059 | 1,415 | |||
* | AmRest Holdings SE | 209,031 | 1,402 | |||
* | Bank Millennium SA | 1,758,174 | 1,197 | |||
* | Energa SA | 633,656 | 1,188 | |||
Eurocash SA | 226,109 | 1,173 | ||||
^ | Ccc SA | 84,411 | 1,066 | |||
* | Alior Bank SA | 268,353 | 985 | |||
Kruk SA | 47,379 | 901 | ||||
* | Grupa Azoty SA | 137,100 | 880 | |||
* | Enea SA | 628,731 | 849 | |||
Bank Handlowy w Warszawie SA | 93,837 | 834 | ||||
* | Tauron Polska Energia SA | 2,790,627 | 766 | |||
Warsaw Stock Exchange | 75,126 | 736 | ||||
* | Ciech SA | 76,264 | 734 | |||
^ | Jastrzebska Spolka Weglowa SA | 149,785 | 497 | |||
*,§ | getBACK SA | 103,234 | 93 | |||
23,585 | ||||||
Portugal (0.3%) | ||||||
REN - Redes Energeticas Nacionais SGPS SA | 1,139,601 | 3,087 | ||||
Banco Comercial Portugues SA | 22,628,224 | 2,532 | ||||
Nos Sgps SA | 645,078 | 2,416 | ||||
Sonae SGPS SA | 2,721,775 | 2,151 | ||||
Navigator Co. SA | 738,296 | 1,918 | ||||
Altri SGPS SA | 215,589 | 1,138 | ||||
CTT-Correios de Portugal SA | 441,308 | 1,041 | ||||
Corticeira Amorim SGPS SA | 98,699 | 1,040 | ||||
* | Semapa-Sociedade de Investimento e Gestao | 70,657 | 697 | |||
Mota-Engil SGPS SA | 261,255 | 329 | ||||
16,349 | ||||||
Qatar (0.1%) | ||||||
Al Meera Consumer Goods Co. QSC | 281,164 | 1,349 | ||||
* | Gulf International Services QSC | 2,652,387 | 935 | |||
Medicare Group | 397,814 | 696 | ||||
2,980 | ||||||
Russia (0.1%) | ||||||
1 | Detsky Mir PJSC | 1,265,170 | 1,494 | |||
* | LSR Group PJSC Class A | 93,997 | 759 | |||
Safmar Financial Investment | 115,787 | 669 | ||||
Tmk Pjsc | 884,750 | 668 | ||||
* | Mechel PJSC | 601,797 | 527 | |||
Raspadskaya OJSC | 366,211 | 520 | ||||
OGK-2 PJSC | 60,036,850 | 510 | ||||
§ | Lenenergo PJSC Preference Shares | 261,710 | 423 | |||
Tgc-1 Pjsc | 2,144,100,000 | 340 | ||||
Enel Russia Pjsc | 26,917,000 | 335 | ||||
M.Video PJSC | 60,780 | 297 |
100 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
Mechel PJSC Preference Shares | 258,470 | 256 | ||||
6,798 | ||||||
Saudi Arabia (0.4%) | ||||||
Saudia Dairy & Foodstuff Co. | 38,259 | 1,531 | ||||
Yamama Cement Co. | 239,716 | 1,328 | ||||
* | Aldrees Petroleum and Transport Services Co. | 71,017 | 1,099 | |||
United Electronics Co. | 58,847 | 1,064 | ||||
* | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 140,320 | 1,005 | |||
Arabian Cement Co. | 118,289 | 843 | ||||
Leejam Sports Co. JSC | 50,126 | 826 | ||||
* | City Cement Co. | 220,788 | 812 | |||
* | National Agriculture Development Co. | 99,567 | 780 | |||
Eastern Province Cement Co. | 102,124 | 773 | ||||
Arriyadh Development Co. | 207,951 | 767 | ||||
* | Al Hammadi Co. for Development and Investment | 139,740 | 717 | |||
* | Saudi Real Estate Co. | 207,415 | 671 | |||
National Gas & Industrialization Co. | 87,046 | 666 | ||||
Dur Hospitality Co. | 107,515 | 638 | ||||
United International Transportation Co. | 83,562 | 635 | ||||
Herfy Food Services Co. | 49,641 | 592 | ||||
* | Saudi Public Transport Co. | 148,716 | 588 | |||
* | Najran Cement Co. | 196,652 | 578 | |||
* | Middle East Healthcare Co. | 81,627 | 572 | |||
* | Northern Region Cement Co. | 213,349 | 570 | |||
* | Saudi Chemical Co. Holding | 96,605 | 548 | |||
* | Saudi Ceramic Co. | 69,571 | 540 | |||
* | National Medical Care Co. | 51,612 | 511 | |||
* | Al Jouf Cement Co. | 167,015 | 376 | |||
* | Mediterranean & Gulf Insurance & Reinsurance Co. | 77,571 | 373 | |||
* | Astra Industrial Group | 84,718 | 365 | |||
* | Hail Cement Co. | 115,494 | 360 | |||
* | Aseer Trading Tourism & Manufacturing Co. | 141,062 | 344 | |||
* | Tabuk Cement Co. | 106,211 | 331 | |||
* | Zamil Industrial Investment Co. | 70,771 | 281 | |||
* | Methanol Chemicals Co. | 143,549 | 256 | |||
* | Abdul Mohsen Al-Hokair Tourism and Development Co. | 62,074 | 198 | |||
* | Bawan Co. | 59,372 | 196 | |||
21,734 | ||||||
Singapore (1.0%) | ||||||
NetLink NBN Trust | 8,505,800 | 6,019 | ||||
Keppel DC REIT | 3,534,478 | 5,861 | ||||
Frasers Logistics & Industrial Trust | 7,255,695 | 5,430 | ||||
Keppel Infrastructure Trust | 10,364,246 | 3,630 | ||||
Frasers Centrepoint Trust | 2,059,868 | 3,095 | ||||
Manulife US REIT | 4,133,688 | 2,973 | ||||
Parkway Life REIT | 1,120,581 | 2,618 | ||||
Ascendas India Trust | 2,455,600 | 2,195 | ||||
CapitaLand Retail China Trust | 2,116,108 | 2,012 | ||||
OUE Commercial REIT | 6,147,909 | 1,752 | ||||
Raffles Medical Group Ltd. | 2,668,784 | 1,641 | ||||
Esr-REIT | 6,736,879 | 1,614 | ||||
CDL Hospitality Trusts | 2,269,913 | 1,561 | ||||
Keppel Pacific Oak US REIT | 2,253,700 | 1,431 | ||||
Starhill Global REIT | 4,037,608 | 1,423 | ||||
First Resources Ltd. | 1,493,429 | 1,329 | ||||
Aims Apac REIT | 1,592,900 | 1,292 | ||||
Sheng Siong Group Ltd. | 1,214,300 | 1,272 | ||||
ARA LOGOS Logistics Trust | 2,974,004 | 1,131 | ||||
Far East Hospitality Trust | 2,819,400 | 1,036 | ||||
Sph REIT | 1,780,000 | 1,025 | ||||
Accordia Golf Trust | 2,278,816 | 917 | ||||
First REIT | 1,568,400 | 885 | ||||
Cromwell European REIT | 2,049,400 | 881 | ||||
Thomson Medical Group Ltd. | 18,631,800 | 804 |
101 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
Frasers Hospitality Trust | 2,245,700 | 786 | ||||
Soilbuild Business Space REIT | 2,801,808 | 749 | ||||
§ | Best World International Ltd. | 751,600 | 719 | |||
Sabana Shari'ah Compliant Industrial REIT | 2,842,300 | 652 | ||||
Lippo Malls Indonesia Retail Trust | 6,027,700 | 615 | ||||
* | Yoma Strategic Holdings Ltd. | 3,723,619 | 520 | |||
Asian Pay Television Trust | 4,505,500 | 414 | ||||
Silverlake Axis Ltd. | 2,276,229 | 385 | ||||
§ | Eagle Hospitality Trust | 2,004,300 | 275 | |||
Bumitama Agri Ltd. | 904,300 | 272 | ||||
*,§ | Hyflux Ltd. | 1,145,286 | 171 | |||
*,§ | Noble Group Ltd. | 1,804,400 | 104 | |||
*,^,§ | Ezra Holdings Ltd. | 4,500,399 | 35 | |||
Ascott Residence Trust | 30,300 | 19 | ||||
*,§ | China Hongxing Sports Ltd. | 831,000 | — | |||
*,^ | Ezion Holdings Ltd. Warrants Exp. 04/16/2023 | 2,195,796 | — | |||
59,543 | ||||||
South Africa (0.4%) | ||||||
JSE Ltd. | 245,690 | 1,371 | ||||
AECI Ltd. | 321,435 | 1,289 | ||||
Equites Property Fund Ltd. | 1,350,576 | 1,199 | ||||
Astral Foods Ltd. | 111,998 | 1,166 | ||||
DRDGOLD Ltd. | 1,232,866 | 1,134 | ||||
* | Transaction Capital Ltd. | 1,283,249 | 1,050 | |||
Imperial Logistics Ltd. | 531,527 | 935 | ||||
KAP Industrial Holdings Ltd. | 7,597,874 | 824 | ||||
Allied Electronics Corp. Ltd. | 730,516 | 809 | ||||
* | Super Group Ltd. | 1,058,315 | 797 | |||
Advtech Ltd. | 1,561,635 | 733 | ||||
DataTec Ltd. | 553,342 | 728 | ||||
Investec Property Fund Ltd. | 1,632,575 | 724 | ||||
Wilson Bayly Holmes-Ovcon Ltd. | 132,276 | 679 | ||||
* | Omnia Holdings Ltd. | 478,748 | 607 | |||
Attacq Ltd. | 2,077,594 | 603 | ||||
Cashbuild Ltd. | 70,037 | 569 | ||||
*,^ | Brait SE | 2,361,060 | 503 | |||
Peregrine Holdings Ltd. | 493,957 | 502 | ||||
Famous Brands Ltd. | 219,962 | 487 | ||||
^ | SA Corporate Real Estate Ltd. | 7,443,903 | 481 | |||
Raubex Group Ltd. | 496,517 | 459 | ||||
* | Metair Investments Ltd. | 557,192 | 446 | |||
Alexander Forbes Group Holdings Ltd. | 1,896,096 | 412 | ||||
Emira Property Fund Ltd. | 1,143,526 | 400 | ||||
* | Massmart Holdings Ltd. | 297,764 | 397 | |||
Adcock Ingram Holdings Ltd. | 164,384 | 395 | ||||
* | Long4Life Ltd. | 2,625,926 | 391 | |||
Epp NV | 1,379,749 | 387 | ||||
Hudaco Industries Ltd. | 88,718 | 322 | ||||
* | Steinhoff International Holdings NV | 5,043,593 | 303 | |||
* | Sun International Ltd. | 327,954 | 292 | |||
Zeder Investments Ltd. | 2,774,903 | 292 | ||||
^ | Curro Holdings Ltd. | 511,276 | 268 | |||
* | PPC Ltd. | 3,833,642 | 256 | |||
Grindrod Ltd. | 1,233,093 | 232 | ||||
*,^ | Blue Label Telecoms Ltd. | 1,865,266 | 215 | |||
Lewis Group Ltd. | 223,060 | 190 | ||||
Murray & Roberts Holdings Ltd. | 584,512 | 173 | ||||
* | Nampak Ltd. | 1,902,179 | 171 | |||
Hosken Consolidated Investments Ltd. | 133,465 | 164 | ||||
City Lodge Hotels Ltd. | 103,727 | 154 | ||||
* | Tsogo Sun Hotels Ltd. | 1,444,275 | 145 | |||
*,^ | EOH Holdings Ltd. | 405,486 | 83 | |||
Delta Property Fund Ltd. | 844,482 | 18 |
102 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
Arrowhead Properties Ltd. Class B | 206,179 | 17 | ||||
*,§ | Great Basin Gold Ltd. | 345,634 | — | |||
23,772 | ||||||
South Korea (4.5%) | ||||||
^ | Hanjin Kal Corp. | 87,671 | 6,269 | |||
LG Innotek Co. Ltd. | 41,545 | 4,501 | ||||
*,^ | KMW Co. Ltd. | 84,952 | 4,232 | |||
Douzone Bizon Co. Ltd. | 53,416 | 3,871 | ||||
^ | Seegene Inc. | 42,208 | 3,179 | |||
*,^ | Celltrion Pharm Inc. | 54,019 | 3,143 | |||
* | Pearl Abyss Corp. | 18,099 | 2,863 | |||
* | Genexine Co. Ltd. | 50,700 | 2,748 | |||
Com2uSCorp | 28,441 | 2,505 | ||||
*,^ | Pharmicell Co. Ltd. | 157,105 | 2,451 | |||
Hyundai Elevator Co. Ltd. | 47,544 | 2,430 | ||||
* | HMM Co. Ltd. | 798,116 | 2,371 | |||
Koh Young Technology Inc. | 35,359 | 2,358 | ||||
* | WONIK IPS Co. Ltd. | 103,140 | 2,356 | |||
Meritz Securities Co. Ltd. | 859,954 | 2,315 | ||||
DB HiTek Co. Ltd. | 103,943 | 2,285 | ||||
Bukwang Pharmaceutical Co. Ltd. | 104,573 | 2,229 | ||||
* | Hanall Biopharma Co. Ltd. | 109,235 | 2,179 | |||
* | Hyundai Rotem Co. Ltd. | 142,859 | 2,120 | |||
* | Alteogen Inc. | 26,499 | 2,050 | |||
KIWOOM Securities Co. Ltd. | 33,295 | 2,044 | ||||
LEENO Industrial Inc. | 26,909 | 1,978 | ||||
Youngone Corp. | 88,074 | 1,975 | ||||
Green Cross Corp. | 15,770 | 1,926 | ||||
Meritz Fire & Marine Insurance Co. Ltd. | 166,676 | 1,896 | ||||
* | Hugel Inc. | 6,015 | 1,887 | |||
Korean Reinsurance Co. | 269,824 | 1,866 | ||||
*,^ | Mezzion Pharma Co. Ltd. | 14,497 | 1,857 | |||
^ | SK Materials Co. Ltd. | 13,895 | 1,802 | |||
* | HLB Life Science CO Ltd. | 113,882 | 1,772 | |||
*,^ | Komipharm International Co. Ltd. | 107,354 | 1,733 | |||
Hansol Chemical Co. Ltd. | 24,446 | 1,728 | ||||
* | GemVax & Kael Co. Ltd. | 93,830 | 1,713 | |||
* | Chabiotech Co. Ltd. | 121,111 | 1,698 | |||
SK Chemicals Co. Ltd. | 26,486 | 1,685 | ||||
JB Financial Group Co. Ltd. | 419,780 | 1,672 | ||||
F&F Co. Ltd. | 18,833 | 1,653 | ||||
Iljin Materials Co. Ltd. | 50,007 | 1,639 | ||||
Chong Kun Dang Pharmaceutical Corp. | 20,411 | 1,625 | ||||
Innocean Worldwide Inc. | 33,157 | 1,587 | ||||
* | Pan Ocean Co. Ltd. | 553,325 | 1,565 | |||
^ | Kolmar Korea Co. Ltd. | 44,529 | 1,555 | |||
SFA Engineering Corp. | 53,040 | 1,529 | ||||
Soulbrain Co. Ltd. | 24,654 | 1,484 | ||||
Hyosung Corp. | 25,929 | 1,484 | ||||
LS Electric Co. Ltd. | 45,188 | 1,455 | ||||
Ecopro BM Co. Ltd. | 24,156 | 1,452 | ||||
Eo Technics Co. Ltd. | 24,310 | 1,451 | ||||
Cosmax Inc. | 19,790 | 1,445 | ||||
NICE Information Service Co. Ltd. | 99,550 | 1,436 | ||||
Green Cross Holdings Corp. | 80,306 | 1,400 | ||||
^ | Taeyoung Engineering & Construction Co. Ltd. | 117,053 | 1,387 | |||
Kolon Industries Inc. | 53,895 | 1,365 | ||||
^ | JYP Entertainment Corp. | 80,040 | 1,360 | |||
Hanjin Transportation Co. Ltd. | 34,725 | 1,319 | ||||
DoubleUGames Co. Ltd. | 27,032 | 1,287 | ||||
*,^ | G-treeBNT Co. Ltd. | 59,179 | 1,220 | |||
* | Naturecell Co. Ltd. | 134,218 | 1,219 | |||
^ | Shinsegae International Inc. | 6,793 | 1,215 | |||
*,^ | Oscotec Inc. | 65,979 | 1,210 |
103 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
NEPES Corp. | 49,410 | 1,180 | ||||
Seoul Semiconductor Co. Ltd. | 108,441 | 1,178 | ||||
* | Amicogen Inc. | 50,399 | 1,160 | |||
* | Kuk-il Paper Manufacturing Co. Ltd. | 230,507 | 1,150 | |||
* | SM Entertainment Co. Ltd. | 50,177 | 1,148 | |||
Dongjin Semichem Co. Ltd. | 87,060 | 1,128 | ||||
* | CrystalGenomics Inc. | 105,056 | 1,125 | |||
Daewoong Pharmaceutical Co. Ltd. | 12,788 | 1,121 | ||||
* | Enzychem Lifesciences Corp. | 18,041 | 1,112 | |||
* | Studio Dragon Corp. | 17,392 | 1,092 | |||
DongKook Pharmaceutical Co. Ltd. | 13,984 | 1,087 | ||||
SKCKOLONPI Inc. | 39,638 | 1,073 | ||||
Taekwang Industrial Co. Ltd. | 1,629 | 1,070 | ||||
* | Ananti Inc. | 127,321 | 1,049 | |||
Ilyang Pharmaceutical Co. Ltd. | 38,833 | 1,047 | ||||
Daesang Corp. | 57,357 | 1,036 | ||||
Daishin Securities Co. Ltd. | 126,040 | 1,031 | ||||
* | Yungjin Pharmaceutical Co. Ltd. | 250,694 | 1,025 | |||
AfreecaTV Co. Ltd. | 20,597 | 1,022 | ||||
* | ABLBio Inc. | 68,506 | 1,018 | |||
* | Kumho Tire Co. Inc. | 400,976 | 1,011 | |||
Dong-A ST Co. Ltd. | 13,146 | 987 | ||||
Hyundai Home Shopping Network Corp. | 16,687 | 986 | ||||
§ | Daeduck Electronics Co. | 143,971 | 983 | |||
Hyundai Greenfood Co. Ltd. | 146,494 | 982 | ||||
Korea Petrochemical Ind Co. Ltd. | 8,444 | 979 | ||||
Hyosung TNC Co. Ltd. | 9,023 | 965 | ||||
Sam Chun Dang Pharm Co. Ltd. | 38,255 | 965 | ||||
Daou Technology Inc. | 71,558 | 965 | ||||
Poongsan Corp. | 55,566 | 963 | ||||
* | Asiana Airlines Inc. | 278,963 | 962 | |||
NICE Holdings Co. Ltd. | 58,462 | 958 | ||||
* | SFA Semicon Co. Ltd. | 220,490 | 952 | |||
*,^ | BH Co. Ltd. | 68,070 | 943 | |||
* | CMG Pharmaceutical Co. Ltd. | 299,112 | 936 | |||
* | Medipost Co. Ltd. | 42,669 | 925 | |||
^ | Toptec Co. Ltd. | 54,627 | 921 | |||
Daewoong Co. Ltd. | 64,049 | 913 | ||||
HS Industries Co. Ltd. | 135,143 | 913 | ||||
^ | JW Pharmaceutical Corp. | 37,864 | 913 | |||
GS Home Shopping Inc. | 8,682 | 910 | ||||
^ | Daea TI Co. Ltd. | 173,167 | 907 | |||
Huchems Fine Chemical Corp. | 62,818 | 906 | ||||
* | Duk San Neolux Co. Ltd. | 34,967 | 901 | |||
^ | Ecopro Co. Ltd. | 53,858 | 898 | |||
^ | Hana Tour Service Inc. | 25,241 | 881 | |||
*,^ | Lotte Tour Development Co. Ltd. | 91,579 | 865 | |||
IS Dongseo Co. Ltd. | 40,581 | 849 | ||||
Samwha Capacitor Co. Ltd. | 21,210 | 848 | ||||
* | LegoChem Biosciences Inc. | 21,110 | 846 | |||
^ | Dawonsys Co. Ltd. | 62,383 | 845 | |||
HDC Holdings Co. Ltd. | 109,845 | 843 | ||||
Mcnex Co. Ltd. | 34,513 | 842 | ||||
Chongkundang Holdings Corp. | 8,944 | 838 | ||||
* | CJ CGV Co. Ltd. | 37,877 | 833 | |||
* | Hyundai Bioscience Co. Ltd. | 93,880 | 830 | |||
Ahnlab Inc. | 17,309 | 828 | ||||
*,^ | Telcon RF Pharmaceutical Inc. | 201,360 | 825 | |||
^ | Foosung Co. Ltd. | 148,180 | 819 | |||
Dongwon Industries Co. Ltd. | 4,366 | 816 | ||||
Handsome Co. Ltd. | 40,064 | 808 | ||||
*,^ | Feelux Co. Ltd. | 188,973 | 803 | |||
LOTTE Himart Co. Ltd. | 36,016 | 795 | ||||
Binggrae Co. Ltd. | 14,912 | 786 |
104 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
* | Osstem Implant Co. Ltd. | 29,022 | 783 | |||
* | DIO Corp. | 32,980 | 781 | |||
LG International Corp. | 71,868 | 780 | ||||
*,^ | Aprogen pharmaceuticals Inc. | 450,477 | 776 | |||
* | YG Entertainment Inc. | 31,419 | 766 | |||
Partron Co. Ltd. | 112,944 | 748 | ||||
LG Hausys Ltd. | 17,517 | 745 | ||||
* | iNtRON Biotechnology Inc. | 68,355 | 719 | |||
Sangsangin Co. Ltd. | 111,417 | 718 | ||||
Grand Korea Leisure Co. Ltd. | 55,022 | 717 | ||||
Korea Real Estate Investment & Trust Co. Ltd. | 458,114 | 708 | ||||
Samyang Holdings Corp. | 17,106 | 703 | ||||
^ | Advanced Process Systems Corp. | 32,952 | 701 | |||
* | ST Pharm Co. Ltd. | 25,890 | 699 | |||
Meritz Financial Group Inc. | 86,208 | 699 | ||||
* | NKMax Co. Ltd. | 70,192 | 693 | |||
LIG Nex1 Co. Ltd. | 32,284 | 693 | ||||
Orion Holdings Corp. | 59,679 | 692 | ||||
L&F Co. Ltd. | 43,092 | 681 | ||||
Huons Co. Ltd. | 16,934 | 676 | ||||
OptoElectronics Solutions Co. Ltd. | 20,826 | 671 | ||||
* | Webzen Inc. | 48,774 | 667 | |||
Mirae Asset Life Insurance Co. Ltd. | 223,725 | 665 | ||||
^ | TES Co. Ltd. | 40,249 | 660 | |||
* | Eutilex Co. Ltd. | 13,188 | 657 | |||
* | Binex Co. Ltd. | 69,088 | 657 | |||
Dong-A Socio Holdings Co. Ltd. | 9,073 | 654 | ||||
SK Discovery Co. Ltd. | 31,306 | 649 | ||||
Hansol Paper Co. Ltd. | 49,658 | 642 | ||||
Silicon Works Co. Ltd. | 25,625 | 635 | ||||
S&T Motiv Co. Ltd. | 21,421 | 634 | ||||
*,^ | KH Vatec Co. Ltd. | 41,683 | 634 | |||
Young Poong Corp. | 1,465 | 629 | ||||
Hyosung Chemical Corp. | 6,511 | 616 | ||||
* | Cafe24 Corp. | 16,888 | 614 | |||
* | Hyosung Advanced Materials Corp. | 9,049 | 609 | |||
Vieworks Co. Ltd. | 20,987 | 607 | ||||
Maeil Dairies Co. Ltd. | 9,159 | 605 | ||||
* | Inscobee Inc. | 258,426 | 602 | |||
SK Securities Co. Ltd. | 1,132,949 | 602 | ||||
Hankook Technology Group Co. Ltd. | 71,983 | 599 | ||||
^ | Tongyang Inc. | 576,489 | 594 | |||
* | Dongkuk Steel Mill Co. Ltd. | 168,579 | 589 | |||
*,^ | Dentium Co. Ltd. | 19,034 | 588 | |||
LF Corp. | 54,310 | 587 | ||||
* | Dongsung Pharmaceutical Co. Ltd. | 51,808 | 574 | |||
Songwon Industrial Co. Ltd. | 48,067 | 569 | ||||
Posco ICT Co. Ltd. | 156,263 | 568 | ||||
Sebang Global Battery Co. Ltd. | 23,785 | 565 | ||||
*,^ | Stcube | 65,068 | 563 | |||
* | Hyundai Construction Equipment Co. Ltd. | 36,572 | 554 | |||
* | Innox Advanced Materials Co. Ltd. | 18,430 | 553 | |||
Dongwon F&B Co. Ltd. | 3,355 | 545 | ||||
Green Cross Cell Corp. | 16,968 | 544 | ||||
Youngone Holdings Co. Ltd. | 16,057 | 542 | ||||
^ | Kumho Industrial Co. Ltd. | 81,041 | 538 | |||
Halla Holdings Corp. | 21,309 | 528 | ||||
SK Gas Ltd. | 8,351 | 527 | ||||
* | Yuanta Securities Korea Co. Ltd. | 248,637 | 527 | |||
* | Insun ENT Co. Ltd. | 87,183 | 526 | |||
KEPCO Engineering & Construction Co. Inc. | 37,297 | 518 | ||||
iMarketKorea Inc. | 61,738 | 512 | ||||
SL Corp. | 46,717 | 510 | ||||
* | Samsung Pharmaceutical Co. Ltd. | 151,828 | 498 |
105 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000 | ) | ||||
* | Peptron Inc. | 40,147 | 498 | |||
* | Korea Line Corp. | 33,677 | 497 | |||
i-SENS Inc. | 25,564 | 495 | ||||
* | Neowiz | 34,455 | 494 | |||
Korea Electric Terminal Co. Ltd. | 20,928 | 493 | ||||
*,^ | CUROCOM Co. Ltd. | 259,907 | 492 | |||
Hansae Co. Ltd. | 49,314 | 486 | ||||
Nexen Tire Corp. | 102,877 | 485 | ||||
^ | Wemade Co. Ltd. | 24,612 | 483 | |||
* | Hanwha Investment & Securities Co. Ltd. | 326,234 | 477 | |||
* | Hancom Inc. | 45,878 | 474 | |||
Jeil Pharmaceutical Co. Ltd. | 21,758 | 473 | ||||
InBody Co. Ltd. | 30,620 | 473 | ||||
Youlchon Chemical Co. Ltd. | 37,962 | 471 | ||||
Hanil Cement Co. Ltd. | 6,680 | 470 | ||||
Cuckoo Homesys Co. Ltd. | 16,286 | 467 | ||||
Modetour Network Inc. | 43,020 | 462 | ||||
*,^ | Able C&C Co. Ltd. | 54,847 | 457 | |||
* | Hyundai Electric & Energy System Co. Ltd. | 65,693 | 445 | |||
Jusung Engineering Co. Ltd. | 99,841 | 444 | ||||
Aekyung Industrial Co. Ltd. | 18,864 | 440 | ||||
Harim Holdings Co. Ltd. | 83,249 | 438 | ||||
Kwang Dong Pharmaceutical Co. Ltd. | 86,934 | 433 | ||||
* | Lock&Lock Co. Ltd. | 47,463 | 431 | |||
^ | ICD Co. Ltd. | 33,658 | 428 | |||
JW Holdings Corp. | 104,515 | 426 | ||||
KC Tech Co. Ltd. | 28,706 | 425 | ||||
* | Hanwha General Insurance Co. Ltd. | 233,821 | 420 | |||
* | Anterogen Co. Ltd. | 14,534 | 417 | |||
Lotte Confectionery Co. Ltd. | 3,921 | 413 | ||||
SPC Samlip Co. Ltd. | 6,892 | 405 | ||||
Eugene Investment & Securities Co. Ltd. | 173,840 | 405 | ||||
Kolmar Korea Holdings Co. Ltd. | 22,234 | 401 | ||||
* | Vidente Co. Ltd. | 71,867 | 389 | |||
Hankook Shell Oil Co. Ltd. | 1,798 | 387 | ||||
Huons Global Co. Ltd. | 14,880 | 386 | ||||
* | Taihan Electric Wire Co. Ltd. | 720,602 | 380 | |||
Samchully Co. Ltd. | 6,239 | 380 | ||||
GOLFZON Co. Ltd. | 8,476 | 372 | ||||
Namhae Chemical Corp. | 56,725 | 364 | ||||
* | Hansol Technics Co. Ltd. | 73,425 | 364 | |||
Korea Asset In Trust Co. Ltd. | 177,493 | 353 | ||||
§ | Woongjin Thinkbig Co. Ltd. | 155,775 | 351 | |||
* | Seobu T&D | 76,161 | 350 | |||
Namyang Dairy Products Co. Ltd. | 1,306 | 346 | ||||
Lotte Food Co. Ltd. | 1,087 | 343 | ||||
*,§ | KONA I Co. Ltd. | 31,530 | 338 | |||
Samyang Corp. | 10,349 | 336 | ||||
Sungwoo Hitech Co. Ltd. | 135,460 | 328 | ||||
INTOPS Co. Ltd. | 35,531 | 320 | ||||
Dae Han Flour Mills Co. Ltd. | 2,989 | 320 | ||||
BGF Co. Ltd. | 79,897 | 317 | ||||
Daekyo Co. Ltd. | 80,135 | 313 | ||||
* | Coreana Cosmetics Co. Ltd. | 73,619 | 313 | |||
AK Holdings Inc. | 14,881 | 308 | ||||
* | Wonik Holdings Co. Ltd. | 97,200 | 303 | |||
Kyobo Securities Co. Ltd. | 50,102 | 298 | ||||
Kolon Corp. | 20,593 | 297 | ||||
KTB Investment & Securities Co. Ltd. | 138,560 | 293 | ||||
LG HelloVision Co. Ltd. | 79,059 | 293 | ||||
^ | Cuckoo Holdings Co. Ltd. | 3,886 | 289 | |||
NS Shopping Co. Ltd. | 45,285 | 288 | ||||
KISWIRE Ltd. | 24,075 | 285 | ||||
* | Gamevil Inc. | 14,002 | 284 |
106 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||
Dae Hwa Pharmaceutical Co. Ltd. | 31,792 | 276 | ||
*,^ | Hyosung Heavy Industries Corp. | 18,519 | 273 | |
Hyundai Livart Furniture Co. Ltd. | 28,473 | 273 | ||
KT Skylife Co. Ltd. | 41,471 | 270 | ||
* | Homecast Co. Ltd. | 92,141 | 270 | |
* | Interflex Co. Ltd. | 32,258 | 266 | |
Humedix Co. Ltd. | 16,207 | 266 | ||
^ | Hyundai Corp. | 22,018 | 265 | |
* | Eusu Holdings Co. Ltd. | 53,293 | 260 | |
*,§ | Hansol Holdings Co. Ltd. | 104,880 | 259 | |
*,^,§ | Cellumed Co. Ltd. | 52,681 | 259 | |
Seah Besteel Corp. | 33,326 | 255 | ||
KC Co. Ltd. | 22,376 | 254 | ||
Sung Kwang Bend Co. Ltd. | 48,327 | 250 | ||
Tongyang Life Insurance Co. Ltd. | 101,871 | 248 | ||
TK Corp. | 41,593 | 247 | ||
* | Lutronic Corp. | 54,866 | 243 | |
Sindoh Co. Ltd. | 10,628 | 241 | ||
* | GNCO Co. Ltd. | 206,673 | 241 | |
*,^ | COSON Co. Ltd. | 49,650 | 234 | |
KISCO Corp. | 71,060 | 229 | ||
*,^ | SBS Media Holdings Co. Ltd. | 145,566 | 229 | |
^ | Hanil Holdings Co. Ltd. | 6,503 | 226 | |
E1 Corp. | 7,874 | 223 | ||
CJ Freshway Corp. | 12,744 | 219 | ||
DB Financial Investment Co. Ltd. | 74,481 | 216 | ||
Daishin Securities Co. Ltd. Preference Shares | 30,465 | 214 | ||
* | Muhak Co. Ltd. | 39,805 | 209 | |
SeAH Steel Corp. | 6,313 | 206 | ||
S&T Dynamics Co. Ltd. | 42,843 | 192 | ||
*,^ | Agabang&Company | 67,922 | 188 | |
Cell Biotech Co. Ltd. | 15,554 | 184 | ||
Sam Young Electronics Co. Ltd. | 30,008 | 180 | ||
* | Lumens Co. Ltd. | 122,028 | 178 | |
* | Byucksan Corp. | 135,577 | 176 | |
Interpark Holdings Corp. | 100,417 | 151 | ||
*,^ | Ssangyong Motor Co. | 117,956 | 151 | |
^ | It's Hanbul Co. Ltd. | 12,061 | 148 | |
*,^,§ | Yuyang DNU Co. Ltd. | 147,206 | 147 | |
* | Humax Co. Ltd. | 44,683 | 126 | |
* | Taewoong Co. Ltd. | 26,204 | 124 | |
SeAH Steel Holdings Corp. | 4,161 | 99 | ||
*,^ | Esmo Corp. | 246,879 | 92 | |
*,§ | Tera Resource Co. Ltd. | 42,004 | 2 | |
*,§ | CNK International Co. Ltd. | 35,374 | — | |
*,§ | SSCP Co. Ltd. | 20,873 | — | |
*,§ | Daewoo Songdo Development Co. Ltd. | 11,746 | — | |
258,295 | ||||
Spain (1.3%) | ||||
Bolsas y Mercados Espanoles SHMSF SA | 225,120 | 8,214 | ||
Viscofan SA | 114,297 | 7,325 | ||
Ebro Foods SA | 224,495 | 4,777 | ||
* | Masmovil Ibercom SA | 248,627 | 4,695 | |
Acerinox SA | 499,289 | 3,761 | ||
Faes Farma SA | 816,448 | 3,570 | ||
Cia de Distribucion Integral Logista Holdings SA | 183,419 | 3,274 | ||
* | Indra Sistemas SA | 360,651 | 3,110 | |
* | Pharma Mar SA | 483,680 | 2,892 | |
CIE Automotive SA | 158,802 | 2,767 | ||
Applus Services SA | 417,299 | 2,738 | ||
* | Almirall SA | 203,624 | 2,626 | |
1 | Euskaltel SA | 282,228 | 2,250 | |
* | Fluidra SA | 181,949 | 2,028 | |
*,1 | Neinor Homes SA | 217,648 | 1,907 |
107
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
* | Sacyr SA | 1,009,306 | 1,893 | ||
Construcciones y Auxiliar de Ferrocarriles SA | 54,294 | 1,859 | |||
Prosegur Cia de Seguridad SA | 753,317 | 1,661 | |||
* | Mediaset Espana Comunicacion SA | 439,976 | 1,577 | ||
Melia Hotels International SA | 321,778 | 1,476 | |||
* | Tecnicas Reunidas SA | 88,790 | 1,361 | ||
1 | Unicaja Banco SA | 2,268,666 | 1,227 | ||
1 | Gestamp Automocion SA | 464,499 | 1,163 | ||
^ | Ence Energia y Celulosa SA | 361,281 | 1,161 | ||
*,1 | Global Dominion Access SA | 348,080 | 1,071 | ||
1 | Prosegur Cash SA | 1,115,629 | 974 | ||
*,1 | Aedas Homes SA | 61,327 | 938 | ||
*,^ | Promotora de Informaciones SA | 1,203,960 | 796 | ||
Liberbank SA | 3,907,218 | 781 | |||
*,^ | Distribuidora Internacional de Alimentacion SA | 5,383,222 | 779 | ||
Lar Espana Real Estate Socimi SA | 183,445 | 752 | |||
1 | Metrovacesa SA | 132,577 | 731 | ||
Atresmedia Corp. de Medios de Comunicacion SA | 233,273 | 604 | |||
NH Hotel Group SA | 65,133 | 229 | |||
*,^,§ | Let's GOWEX SA | 31,105 | — | ||
76,967 | |||||
Sweden (4.2%) | |||||
1 | Evolution Gaming Group AB | 360,087 | 16,491 | ||
* | Getinge AB | 653,313 | 12,522 | ||
Fabege AB | 773,182 | 9,159 | |||
Indutrade AB | 273,263 | 8,785 | |||
Aak AB | 498,321 | 8,140 | |||
* | Holmen AB | 282,157 | 8,095 | ||
* | Sweco AB Class B | 193,175 | 6,600 | ||
Axfood AB | 305,404 | 6,497 | |||
^ | BillerudKorsnas AB | 514,240 | 6,483 | ||
* | Lifco AB Class B | 133,015 | 6,287 | ||
*,1 | Dometic Group AB | 868,417 | 5,804 | ||
1 | Thule Group AB | 302,731 | 5,645 | ||
* | Wihlborgs Fastigheter AB | 388,628 | 5,545 | ||
Loomis AB Class B | 220,634 | 5,380 | |||
* | Hexpol AB | 725,193 | 5,210 | ||
* | Samhallsbyggnadsbolaget i Norden AB Ordinary Shares | 2,681,255 | 5,192 | ||
AF Poyry AB | 283,764 | 5,155 | |||
Wallenstam AB | 477,375 | 4,951 | |||
*,1 | Bravida Holding AB | 589,385 | 4,759 | ||
Nordic Entertainment Group AB Class B | 191,470 | 4,538 | |||
Peab AB Class B | 581,129 | 4,427 | |||
Avanza Bank Holding AB | 359,149 | 4,339 | |||
Kungsleden AB | 553,386 | 4,214 | |||
NCC AB Class B | 276,219 | 4,211 | |||
* | SSAB AB Class B | 1,700,022 | 3,929 | ||
Beijer Ref AB | 184,831 | 3,798 | |||
Jm AB | 203,465 | 3,771 | |||
* | AddTech AB | 137,590 | 3,730 | ||
Mycronic AB | 201,521 | 3,366 | |||
Vitrolife AB | 185,418 | 3,365 | |||
*,^ | Intrum AB | 215,946 | 3,292 | ||
Arjo AB | 650,977 | 3,215 | |||
* | Sectra AB Class B | 75,073 | 3,191 | ||
* | Nyfosa AB | 466,333 | 2,855 | ||
* | Pandox AB Class B | 257,726 | 2,731 | ||
Bure Equity AB | 148,645 | 2,714 | |||
Nolato AB Class B | 50,904 | 2,676 | |||
* | Catena AB | 74,114 | 2,358 | ||
* | Betsson AB | 351,320 | 1,980 | ||
* | Modern Times Group MTG AB Class B | 195,167 | 1,964 | ||
Klovern AB | 1,428,273 | 1,929 | |||
Atrium Ljungberg AB | 136,826 | 1,896 |
108
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
Lindab International AB | 203,162 | 1,862 | |||
* | NetEnt AB | 531,504 | 1,836 | ||
* | SSAB AB Class A | 733,740 | 1,763 | ||
* | Bilia AB | 228,427 | 1,549 | ||
Dios Fastigheter AB | 250,426 | 1,542 | |||
1 | Resurs Holding AB | 411,139 | 1,513 | ||
Klovern AB Preference Shares | 47,174 | 1,459 | |||
* | Cloetta AB | 617,669 | 1,422 | ||
Ratos AB | 564,752 | 1,337 | |||
*,1 | Munters Group AB | 314,748 | 1,323 | ||
Nobia AB | 336,872 | 1,260 | |||
* | Concentric AB | 110,636 | 1,247 | ||
Bonava AB | 246,999 | 1,197 | |||
*,1 | Attendo AB | 306,098 | 1,163 | ||
* | Hansa Biopharma AB | 96,952 | 1,163 | ||
SkiStar AB | 121,364 | 1,127 | |||
Clas Ohlson AB | 116,130 | 1,019 | |||
^,1 | Scandic Hotels Group AB | 208,427 | 955 | ||
Sagax AB | 308,040 | 907 | |||
* | Adapteo Oyj | 124,819 | 895 | ||
Investment AB Oresund | 85,868 | 892 | |||
* | Mekonomen AB | 122,424 | 634 | ||
*,^ | SAs Ab | 560,857 | 524 | ||
Samhallsbyggnadsbolaget i Norden AB | 109,955 | 298 | |||
* | Collector AB | 186,013 | 286 | ||
Ncc Ab Class A | 13,069 | 199 | |||
§ | Hemfosa Fastigheter AB | 8,607 | 112 | ||
Sagax AB Preference Shares | 30,486 | 108 | |||
Hufvudstaden AB Class A | 1,362 | 17 | |||
240,798 | |||||
Switzerland (4.0%) | |||||
1 | VAT Group AG | 75,105 | 12,395 | ||
* | SIG Combibloc Group AG | 743,442 | 12,041 | ||
Tecan Group AG | 34,309 | 11,045 | |||
1 | Galenica AG | 140,066 | 10,030 | ||
* | ams AG | 752,927 | 9,884 | ||
Belimo Holding AG | 1,353 | 9,008 | |||
*,1 | Sunrise Communications Group AG | 98,234 | 7,869 | ||
* | Cembra Money Bank AG | 82,044 | 7,800 | ||
* | Allreal Holding AG | 40,922 | 7,601 | ||
*,^ | Idorsia Ltd. | 258,347 | 7,485 | ||
* | Bucher Industries AG | 18,874 | 5,323 | ||
* | Siegfried Holding AG | 11,620 | 5,297 | ||
* | Mobimo Holding AG | 18,828 | 5,190 | ||
Emmi AG | 5,634 | 5,175 | |||
*,^ | Stadler Rail AG | 111,826 | 4,885 | ||
Landis&Gyr Group AG | 71,810 | 4,849 | |||
Valiant Holding AG | 45,744 | 4,419 | |||
dormakaba Holding AG | 8,833 | 4,408 | |||
Bkw AG | 52,709 | 4,276 | |||
Vontobel Holding AG | 79,890 | 4,149 | |||
SFS Group AG | 49,281 | 3,900 | |||
^ | Bachem Holding AG | 16,425 | 3,880 | ||
Inficon Holding AG | 5,585 | 3,775 | |||
Forbo Holding AG | 2,742 | 3,682 | |||
Daetwyler Holding AG | 21,424 | 3,672 | |||
* | St. Galler Kantonalbank AG | 8,108 | 3,501 | ||
Conzzeta AG | 3,773 | 3,234 | |||
Huber & Suhner AG | 49,624 | 3,169 | |||
Interroll Holding AG | 1,622 | 3,084 | |||
Berner Kantonalbank AG | 13,089 | 3,052 | |||
* | Comet Holding AG | 21,579 | 2,892 | ||
* | VZ Holding AG | 39,395 | 2,750 | ||
* | Schweiter Technologies AG | 2,708 | 2,687 |
109
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
* | Kardex AG | 16,961 | 2,450 | ||
Burckhardt Compression Holding AG | 9,115 | 1,849 | |||
Liechtensteinische Landesbank AG | 32,417 | 1,848 | |||
LEM Holding SA | 1,391 | 1,799 | |||
^ | Implenia AG | 42,273 | 1,729 | ||
* | Vetropack Holding AG | 587 | 1,728 | ||
* | Valora Holding AG | 9,338 | 1,677 | ||
Intershop Holding AG | 3,259 | 1,673 | |||
Swissquote Group Holding SA | 25,673 | 1,667 | |||
ALSO Holding AG | 7,993 | 1,644 | |||
*,^ | COSMO Pharmaceuticals NV | 20,797 | 1,583 | ||
*,^ | Basilea Pharmaceutica AG | 31,155 | 1,570 | ||
*,^ | Komax Holding AG | 10,212 | 1,481 | ||
* | Bell Food Group AG | 5,639 | 1,440 | ||
* | u-blox Holding AG | 19,536 | 1,368 | ||
*,^ | EFG International AG | 220,092 | 1,367 | ||
*,1 | Medacta Group SA | 18,129 | 1,262 | ||
^ | Ypsomed Holding AG | 9,246 | 1,213 | ||
^ | Bobst Group SA | 22,877 | 1,142 | ||
^ | Leonteq AG | 31,445 | 1,131 | ||
* | Aryzta AG | 2,735,972 | 1,112 | ||
Zehnder Group AG | 28,259 | 1,107 | |||
* | Arbonia AG | 128,314 | 1,088 | ||
* | GAM Holding AG | 452,428 | 950 | ||
*,^ | Bossard Holding AG | 7,458 | 930 | ||
* | VP Bank AG | 6,667 | 882 | ||
* | Rieter Holding AG | 8,772 | 856 | ||
* | Ascom Holding AG | 106,043 | 804 | ||
* | Hiag Immobilien Holding AG | 8,139 | 745 | ||
*,^ | Autoneum Holding AG | 8,226 | 723 | ||
*,^,§ | Alpiq Holding AG | 9,775 | 709 | ||
Apg Sga SA | 3,012 | 552 | |||
HBM Healthcare Investments AG | 102 | 23 | |||
*,§ | Petroplus | 36,495 | — | ||
228,509 | |||||
Taiwan (8.1%) | |||||
Airtac International Group | 436,528 | 8,365 | |||
Hiwin Technologies Corp. | 744,918 | 7,105 | |||
Silergy Corp. | 176,000 | 6,992 | |||
Powertech Technology Inc. | 2,064,662 | 6,904 | |||
Micro-Star International Co. Ltd. | 2,027,000 | 6,288 | |||
Macronix International | 5,221,386 | 6,230 | |||
WPG Holdings Ltd. | 4,287,137 | 5,585 | |||
Chroma ATE Inc. | 1,146,040 | 5,281 | |||
Simplo Technology Co. Ltd. | 507,631 | 5,272 | |||
Tripod Technology Corp. | 1,456,327 | 5,146 | |||
Parade Technologies Ltd. | 201,000 | 4,940 | |||
ITEQ Corp. | 966,301 | 4,664 | |||
Sino-American Silicon Products Inc. | 1,575,945 | 4,655 | |||
* | Tatung Co. Ltd. | 6,442,320 | 4,629 | ||
Phison Electronics Corp. | 466,962 | 4,431 | |||
Compeq Manufacturing Co. Ltd. | 3,230,471 | 4,273 | |||
Radiant Opto-Electronics Corp. | 1,287,147 | 4,224 | |||
Winbond Electronics Corp. | 8,693,614 | 4,034 | |||
Genius Electronic Optical Co. Ltd. | 244,600 | 3,932 | |||
King Yuan Electronics Co. Ltd. | 3,273,963 | 3,924 | |||
ASPEED Technology Inc. | 98,437 | 3,893 | |||
Highwealth Construction Corp. | 2,601,341 | 3,796 | |||
Poya International Co. Ltd. | 222,535 | 3,719 | |||
Merida Industry Co. Ltd. | 724,055 | 3,698 | |||
Elite Material Co. Ltd. | 838,519 | 3,624 | |||
Lien Hwa Industrial Holdings Corp. | 2,345,756 | 3,379 | |||
Voltronic Power Technology Corp. | 141,623 | 3,362 | |||
Chipbond Technology Corp. | 1,768,852 | 3,330 |
110
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
Ruentex Development Co. Ltd. | 2,205,350 | 3,282 | |||
FLEXium Interconnect Inc. | 894,140 | 3,218 | |||
Nien Made Enterprise Co. Ltd. | 409,081 | 3,139 | |||
Taiwan Union Technology Corp. | 681,000 | 3,070 | |||
King's Town Bank Co. Ltd. | 2,833,193 | 3,028 | |||
Standard Foods Corp. | 1,326,708 | 2,990 | |||
Sinbon Electronics Co. Ltd. | 594,066 | 2,892 | |||
IBF Financial Holdings Co. Ltd. | 7,853,088 | 2,877 | |||
Taichung Commercial Bank Co. Ltd. | 7,435,543 | 2,848 | |||
Ruentex Industries Ltd. | 1,241,496 | 2,843 | |||
United Integrated Services Co. Ltd. | 446,200 | 2,817 | |||
ASMedia Technology Inc. | 99,000 | 2,751 | |||
Nan Kang Rubber Tire Co. Ltd. | 2,052,107 | 2,747 | |||
International Games System Co. Ltd. | 144,213 | 2,686 | |||
TA Chen Stainless Pipe | 3,008,037 | 2,672 | |||
Elan Microelectronics Corp. | 831,545 | 2,671 | |||
E Ink Holdings Inc. | 2,587,708 | 2,668 | |||
Merry Electronics Co. Ltd. | 557,383 | 2,602 | |||
Great Wall Enterprise Co. Ltd. | 1,863,190 | 2,578 | |||
Taiwan Surface Mounting Technology Corp. | 858,530 | 2,575 | |||
Gigabyte Technology Co. Ltd. | 1,449,271 | 2,510 | |||
Far Eastern Department Stores Ltd. | 3,178,043 | 2,457 | |||
Mitac Holdings Corp. | 2,380,551 | 2,421 | |||
Makalot Industrial Co. Ltd. | 552,624 | 2,353 | |||
TCI Co. Ltd. | 304,067 | 2,323 | |||
Qisda Corp. | 4,029,000 | 2,272 | |||
Lotes Co. Ltd. | 203,120 | 2,261 | |||
CTCI Corp. | 2,044,667 | 2,261 | |||
China Petrochemical Development Corp. | 8,133,330 | 2,195 | |||
momo.com Inc. | 132,000 | 2,129 | |||
Bizlink Holding Inc. | 322,651 | 2,102 | |||
Huaku Development Co. Ltd. | 687,499 | 2,092 | |||
Chilisin Electronics Corp. | 591,440 | 2,080 | |||
Grape King Bio Ltd. | 313,000 | 2,073 | |||
Global Unichip Corp. | 256,649 | 2,062 | |||
Cheng Loong Corp. | 2,782,920 | 1,980 | |||
Clevo Co. | 1,783,944 | 1,965 | |||
Hota Industrial Manufacturing Co. Ltd. | 620,323 | 1,949 | |||
King Slide Works Co. Ltd. | 186,675 | 1,941 | |||
LandMark Optoelectronics Corp. | 207,600 | 1,938 | |||
* | Fusheng Precision Co. Ltd. | 349,000 | 1,926 | ||
eMemory Technology Inc. | 202,000 | 1,900 | |||
General Interface Solution Holding Ltd. | 588,000 | 1,868 | |||
Pixart Imaging Inc. | 315,920 | 1,849 | |||
Tung Ho Steel Enterprise Corp. | 2,390,150 | 1,845 | |||
ChipMOS Technologies Inc. | 1,749,494 | 1,788 | |||
* | TaiMed Biologics Inc. | 552,000 | 1,779 | ||
Jentech Precision Industrial Co. Ltd. | 244,698 | 1,771 | |||
Tong Hsing Electronic Industries Ltd. | 434,961 | 1,765 | |||
Goldsun Building Materials Co. Ltd. | 3,845,591 | 1,765 | |||
International CSRC Investment Holdings Co. | 2,497,997 | 1,761 | |||
TXC Corp. | 806,877 | 1,739 | |||
Wistron NeWeb Corp. | 822,495 | 1,712 | |||
Sercomm Corp. | 677,000 | 1,692 | |||
Shin Zu Shing Co. Ltd. | 385,000 | 1,689 | |||
Kinpo Electronics | 3,888,196 | 1,686 | |||
Tong Yang Industry Co. Ltd. | 1,407,919 | 1,683 | |||
Sunny Friend Environmental Technology Co. Ltd. | 191,000 | 1,653 | |||
YFY Inc. | 3,861,000 | 1,651 | |||
Taiwan Paiho Ltd. | 712,183 | 1,632 | |||
Run Long Construction Co. Ltd. | 822,000 | 1,629 | |||
Holy Stone Enterprise Co. Ltd. | 390,769 | 1,614 | |||
Visual Photonics Epitaxy Co. Ltd. | 545,455 | 1,603 | |||
Shinkong Synthetic Fibers Corp. | 4,346,416 | 1,596 |
111
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
China Steel Chemical Corp. | 453,853 | 1,596 | |||
St. Shine Optical Co. Ltd. | 136,419 | 1,591 | |||
Chong Hong Construction Co. Ltd. | 574,493 | 1,582 | |||
Wafer Works Corp. | 1,432,552 | 1,556 | |||
Advanced Ceramic X Corp. | 149,000 | 1,553 | |||
Topco Scientific Co. Ltd. | 446,793 | 1,536 | |||
Getac Technology Corp. | 1,022,000 | 1,523 | |||
* | PharmaEssentia Corp. | 487,168 | 1,517 | ||
Asia Optical Co. Inc. | 629,000 | 1,515 | |||
Cheng Uei Precision Industry Co. Ltd. | 1,175,000 | 1,500 | |||
Taiwan Hon Chuan Enterprise Co. Ltd. | 820,401 | 1,495 | |||
Nan Ya Printed Circuit Board Corp. | 623,000 | 1,476 | |||
HannStar Display Corp. | 7,027,810 | 1,472 | |||
Primax Electronics Ltd. | 941,000 | 1,472 | |||
TTY Biopharm Co. Ltd. | 609,987 | 1,447 | |||
Charoen Pokphand Enterprise | 685,000 | 1,445 | |||
Sitronix Technology Corp. | 292,282 | 1,421 | |||
* | Brighton-Best International Taiwan Inc. | 1,630,000 | 1,411 | ||
Kinsus Interconnect Technology Corp. | 798,282 | 1,396 | |||
Sigurd Microelectronics Corp. | 1,133,822 | 1,381 | |||
Jih Sun Financial Holdings Co. Ltd. | 4,253,818 | 1,343 | |||
Yulon Finance Corp. | 397,000 | 1,333 | |||
Everlight Electronics Co. Ltd. | 1,209,725 | 1,312 | |||
Arcadyan Technology Corp. | 483,737 | 1,302 | |||
WT Microelectronics Co. Ltd. | 1,008,377 | 1,298 | |||
Advanced Wireless Semiconductor Co. | 430,192 | 1,295 | |||
* | Grand Pacific Petrochemical | 2,578,928 | 1,292 | ||
* | XinTec Inc. | 475,000 | 1,290 | ||
* | Nan Pao Resins Chemical Co. Ltd. | 292,000 | 1,268 | ||
Farglory Land Development Co. Ltd. | 880,854 | 1,264 | |||
Coretronic Corp. | 1,182,000 | 1,259 | |||
Greatek Electronics Inc. | 829,000 | 1,257 | |||
Unitech Printed Circuit Board Corp. | 1,667,672 | 1,257 | |||
Cathay Real Estate Development Co. Ltd. | 1,897,000 | 1,255 | |||
Center Laboratories Inc. | 776,756 | 1,247 | |||
Sporton International Inc. | 187,533 | 1,237 | |||
Cleanaway Co. Ltd. | 234,000 | 1,224 | |||
* | Alchip Technologies Ltd. | 125,000 | 1,217 | ||
Ardentec Corp. | 1,374,851 | 1,205 | |||
Egis Technology Inc. | 189,000 | 1,198 | |||
Foxsemicon Integrated Technology Inc. | 219,400 | 1,195 | |||
Sanyang Motor Co. Ltd. | 1,804,037 | 1,194 | |||
Systex Corp. | 438,000 | 1,191 | |||
President Securities Corp. | 2,597,005 | 1,167 | |||
Supreme Electronics Co. Ltd. | 1,035,000 | 1,162 | |||
Taiwan Cogeneration Corp. | 1,051,903 | 1,161 | |||
TSRC Corp. | 2,113,046 | 1,148 | |||
Chunghwa Precision Test Tech Co. Ltd. | 53,000 | 1,148 | |||
Lung Yen Life Service Corp. | 607,000 | 1,139 | |||
Prince Housing & Development Corp. | 3,359,183 | 1,138 | |||
* | Mercuries Life Insurance Co. Ltd. | 3,510,720 | 1,128 | ||
* | AURAS Technology Co. Ltd. | 194,000 | 1,116 | ||
* | Gold Circuit Electronics Ltd. | 1,010,280 | 1,110 | ||
TaiDoc Technology Corp. | 174,000 | 1,109 | |||
USI Corp. | 2,639,784 | 1,098 | |||
* | United Renewable Energy Co. Ltd. | 6,255,044 | 1,097 | ||
Yieh Phui Enterprise Co. Ltd. | 3,619,910 | 1,081 | |||
Mercuries & Associates Holding Ltd. | 1,466,102 | 1,077 | |||
A-DATA Technology Co. Ltd. | 568,915 | 1,077 | |||
Longchen Paper & Packaging Co. Ltd. | 2,415,989 | 1,076 | |||
Nantex Industry Co. Ltd. | 1,058,000 | 1,072 | |||
Aten International Co. Ltd. | 348,260 | 1,071 | |||
Career Technology MFG. Co. Ltd. | 1,137,867 | 1,071 | |||
* | Via Technologies Inc. | 1,024,000 | 1,067 |
112
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
Cub Elecparts Inc. | 224,205 | 1,065 | |||
Chicony Power Technology Co. Ltd. | 539,000 | 1,053 | |||
Asia Vital Components Co. Ltd. | 770,337 | 1,042 | |||
Taiwan FamilyMart Co. Ltd. | 140,000 | 1,041 | |||
Hannstar Board Corp. | 771,000 | 1,024 | |||
Tainan Spinning Co. Ltd. | 3,319,674 | 1,017 | |||
Machvision Inc. | 90,591 | 1,014 | |||
* | Innodisk Corp. | 163,000 | 1,013 | ||
Chlitina Holding Ltd. | 153,750 | 1,009 | |||
Wisdom Marine Lines Co. Ltd. | 1,191,098 | 1,002 | |||
* | Asia Pacific Telecom Co. Ltd. | 4,240,891 | 974 | ||
* | Fulgent Sun International Holding Co. Ltd. | 298,000 | 965 | ||
Elite Semiconductor Memory Technology Inc. | 700,000 | 956 | |||
* | Rexon Industrial Corp. Ltd. | 396,000 | 951 | ||
BES Engineering Corp. | 3,991,468 | 951 | |||
Holtek Semiconductor Inc. | 424,279 | 942 | |||
Taiwan Sakura Corp. | 588,000 | 930 | |||
Ennoconn Corp. | 142,671 | 923 | |||
Dynapack International Technology Corp. | 387,299 | 922 | |||
YungShin Global Holding Corp. | 613,647 | 916 | |||
Faraday Technology Corp. | 634,000 | 911 | |||
Elite Advanced Laser Corp. | 384,607 | 907 | |||
UPC Technology Corp. | 2,675,065 | 896 | |||
Formosa International Hotels Corp. | 188,841 | 891 | |||
Wah Lee Industrial Corp. | 489,883 | 890 | |||
Chaun-Choung Technology Corp. | 106,000 | 886 | |||
Wei Chuan Foods Corp. | 1,213,835 | 885 | |||
Chin-Poon Industrial Co. Ltd. | 1,022,072 | 877 | |||
Test Research Inc. | 505,371 | 875 | |||
Taiwan TEA Corp. | 1,825,293 | 874 | |||
Kung Long Batteries Industrial Co. Ltd. | 179,000 | 872 | |||
Kindom Development Co. Ltd. | 982,000 | 859 | |||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 1,007,625 | 852 | |||
* | PChome Online Inc. | 258,082 | 852 | ||
China Man-Made Fiber Corp. | 3,903,908 | 848 | |||
Global Mixed Mode Technology Inc. | 193,199 | 843 | |||
Taiwan Styrene Monomer | 1,489,579 | 842 | |||
Hung Sheng Construction Ltd. | 1,403,776 | 832 | |||
Lite-On Semiconductor Corp. | 597,977 | 828 | |||
FocalTech Systems Co. Ltd. | 770,398 | 828 | |||
Taiwan Semiconductor Co. Ltd. | 638,000 | 815 | |||
AcBel Polytech Inc. | 1,173,000 | 814 | |||
* | CMC Magnetics Corp. | 3,100,254 | 814 | ||
* | Yang Ming Marine Transport Corp. | 3,567,650 | 808 | ||
Radium Life Tech Co. Ltd. | 2,279,910 | 803 | |||
* | Nichidenbo Corp. | 491,000 | 801 | ||
Taiwan PCB Techvest Co. Ltd. | 710,102 | 800 | |||
TA-I Technology Co. Ltd. | 298,500 | 795 | |||
Pan Jit International Inc. | 975,000 | 794 | |||
Flytech Technology Co. Ltd. | 345,845 | 792 | |||
Soft-World International Corp. | 282,520 | 790 | |||
Chia Hsin Cement Corp. | 1,373,000 | 789 | |||
Sinyi Realty Inc. | 882,465 | 782 | |||
Darfon Electronics Corp. | 622,000 | 773 | |||
ScinoPharm Taiwan Ltd. | 795,891 | 772 | |||
Syncmold Enterprise Corp. | 291,750 | 762 | |||
Namchow Holdings Co. Ltd. | 499,000 | 757 | |||
YC INOX Co. Ltd. | 945,174 | 755 | |||
Sunonwealth Electric Machine Industry Co. Ltd. | 574,000 | 749 | |||
Topkey Corp. | 201,000 | 746 | |||
Xxentria Technology Materials Corp. | 404,776 | 736 | |||
SDI Corp. | 455,000 | 734 | |||
Alpha Networks Inc. | 982,827 | 725 | |||
Pharmally International Holding Co. Ltd. | 132,271 | 720 |
113
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | ||||
* | Microbio Co. Ltd. | 1,106,562 | 720 | ||
D-Link Corp. | 1,771,407 | 720 | |||
* | Federal Corp. | 1,302,505 | 715 | ||
Test Rite International Co. Ltd. | 1,102,725 | 710 | |||
Pan-International Industrial Corp. | 1,119,595 | 710 | |||
Ginko International Co. Ltd. | 135,200 | 708 | |||
Gourmet Master Co. Ltd. | 219,789 | 706 | |||
Concraft Holding Co. Ltd. | 164,520 | 700 | |||
China General Plastics Corp. | 1,151,608 | 699 | |||
OptoTech Corp. | 973,406 | 698 | |||
Johnson Health Tech Co. Ltd. | 315,283 | 689 | |||
Kinik Co. | 345,000 | 679 | |||
Taiflex Scientific Co. Ltd. | 432,594 | 672 | |||
Zeng Hsing Industrial Co. Ltd. | 153,000 | 668 | |||
Ho Tung Chemical Corp. | 2,688,362 | 668 | |||
Ton Yi Industrial Corp. | 2,173,000 | 667 | |||
China Metal Products | 784,515 | 663 | |||
Sampo Corp. | 997,048 | 643 | |||
Evergreen International Storage & Transport Corp. | 1,451,502 | 642 | |||
Asia Polymer Corp. | 1,115,659 | 642 | |||
* | Roo Hsing Co. Ltd. | 2,043,000 | 633 | ||
Lealea Enterprise Co. Ltd. | 2,652,849 | 633 | |||
* | Shining Building Business Co. Ltd. | 2,090,675 | 633 | ||
Depo Auto Parts Ind Co. Ltd. | 403,313 | 632 | |||
Lextar Electronics Corp. | 1,067,000 | 624 | |||
Sonix Technology Co. Ltd. | 399,000 | 614 | |||
* | Ritek Corp. | 3,630,238 | 608 | ||
* | Gemtek Technology Corp. | 876,115 | 607 | ||
Casetek Holdings Ltd. | 385,953 | 603 | |||
* | Lotus Pharmaceutical Co. Ltd. | 240,000 | 598 | ||
Rich Development Co. Ltd. | 1,912,000 | 596 | |||
Hsin Kuang Steel Co. Ltd. | 745,569 | 595 | |||
* | Orient Semiconductor Electronics Ltd. | 1,443,197 | 591 | ||
* | HannsTouch Solution Inc. | 1,582,329 | 587 | ||
Gloria Material Technology Corp. | 1,082,023 | 584 | |||
Firich Enterprises Co. Ltd. | 603,924 | 580 | |||
* | Medigen Biotechnology Corp. | 319,680 | 569 | ||
Everlight Chemical Industrial Corp. | 1,181,649 | 557 | |||
Hu Lane Associate Inc. | 231,000 | 554 | |||
Huang Hsiang Construction Corp. | 489,051 | 548 | |||
ITE Technology Inc. | 348,418 | 548 | |||
* | AmTRAN Technology Co. Ltd. | 2,131,692 | 547 | ||
Formosan Rubber Group Inc. | 904,089 | 544 | |||
* | Dynamic Electronics Co. Ltd. | 823,468 | 527 | ||
Quanta Storage Inc. | 448,000 | 523 | |||
China Chemical & Pharmaceutical Co. Ltd. | 730,000 | 518 | |||
Ta Ya Electric Wire & Cable | 1,566,857 | 515 | |||
Swancor Holding Co. Ltd. | 212,000 | 513 | |||
* | Silicon Integrated Systems Corp. | 1,332,945 | 513 | ||
* | Unizyx Holding Corp. | 968,000 | 508 | ||
* | Newmax Technology Co. Ltd. | 287,000 | 508 | ||
Darwin Precisions Corp. | 1,298,000 | 508 | |||
Adlink Technology Inc. | 229,127 | 508 | |||
Cyberlink Corp. | 131,076 | 505 | |||
WUS Printed Circuit Co. Ltd. | 490,395 | 500 | |||
Iron Force Industrial Co. Ltd. | 161,000 | 494 | |||
* | CSBC Corp. Taiwan | 672,606 | 494 | ||
* | Taiwan Land Development Corp. | 2,120,969 | 491 | ||
CyberTAN Technology Inc. | 967,571 | 480 | |||
Posiflex Technology Inc. | 156,822 | 480 | |||
Rechi Precision Co. Ltd. | 829,668 | 475 | |||
Bank of Kaohsiung Co. Ltd. | 1,453,154 | 465 | |||
Hong Pu Real Estate Development Co. Ltd. | 632,195 | 464 | |||
* | Yeong Guan Energy Technology Group Co. Ltd. | 218,000 | 450 |
114
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Li Peng Enterprise Co. Ltd. | 2,135,915 | 437 | ||||
PharmaEngine Inc. | 244,102 | 428 | ||||
TYC Brother Industrial Co. Ltd. | 528,710 | 426 | ||||
China Electric Manufacturing Corp. | 977,200 | 421 | ||||
L&K Engineering Co. Ltd. | 486,000 | 416 | ||||
Sunplus Technology Co. Ltd. | 1,176,000 | 415 | ||||
KEE TAI Properties Co. Ltd. | 1,250,740 | 409 | ||||
Altek Corp. | 629,250 | 408 | ||||
Wowprime Corp. | 180,761 | 407 | ||||
Sincere Navigation Corp. | 813,970 | 403 | ||||
* | Taigen Biopharmaceuticals Holdings Ltd. | 835,723 | 402 | |||
Brogent Technologies Inc. | 101,293 | 400 | ||||
Basso Industry Corp. | 282,000 | 400 | ||||
Weltrend Semiconductor | 445,753 | 397 | ||||
Li Cheng Enterprise Co. Ltd. | 364,183 | 391 | ||||
IEI Integration Corp. | 324,716 | 382 | ||||
Kuo Toong International Co. Ltd. | 651,662 | 377 | ||||
Senao International Co. Ltd. | 383,000 | 374 | ||||
CHC Healthcare Group | 299,727 | 361 | ||||
Tyntek Corp. | 842,250 | 359 | ||||
Ichia Technologies Inc. | 786,000 | 353 | ||||
Global Brands Manufacture Ltd. | 737,045 | 349 | ||||
Lingsen Precision Industries Ltd. | 1,023,000 | 340 | ||||
Taiyen Biotech Co. Ltd. | 322,877 | 337 | ||||
Advanced International Multitech Co. Ltd. | 304,000 | 335 | ||||
Infortrend Technology Inc. | 795,885 | 313 | ||||
Jess-Link Products Co. Ltd. | 289,100 | 302 | ||||
Globe Union Industrial Corp. | 679,675 | 300 | ||||
Chung Hwa Pulp Corp. | 1,177,135 | 300 | ||||
* | Tung Thih Electronic Co. Ltd. | 177,000 | 282 | |||
Tong-Tai Machine & Tool Co. Ltd. | 628,429 | 279 | ||||
* | Elitegroup Computer Systems Co. Ltd. | 740,647 | 270 | |||
FSP Technology Inc. | 327,428 | 267 | ||||
* | AGV Products Corp. | 1,095,425 | 263 | |||
Zinwell Corp. | 493,099 | 262 | ||||
* | Etron Technology Inc. | 1,164,947 | 257 | |||
Ability Enterprise Co. Ltd. | 616,099 | 254 | ||||
Vivotek Inc. | 102,699 | 247 | ||||
* | ALI Corp. | 454,281 | 233 | |||
Toung Loong Textile Manufacturing | 255,000 | 231 | ||||
* | Motech Industries Inc. | 1,240,059 | 225 | |||
* | Gigasolar Materials Corp. | 72,600 | 223 | |||
* | Concord Securities Co. Ltd. | 865,720 | 203 | |||
* | Phihong Technology Co. Ltd. | 808,618 | 198 | |||
* | Gigastorage Corp. | 571,876 | 191 | |||
*,§ | Unity Opto Technology Co. Ltd. | 1,203,000 | 167 | |||
Nien Hsing Textile Co. Ltd. | 311,611 | 166 | ||||
Sheng Yu Steel Co. Ltd. | 270,000 | 146 | ||||
*,§ | E-Ton Solar Tech Co. Ltd. | 206,307 | 10 | |||
*,§ | Pihsiang Machinery Manufacturing Co. Ltd. | 191,000 | — | |||
*,§ | XPEC Entertainment Inc. | 125,457 | — | |||
468,463 | ||||||
Thailand (1.4%) | ||||||
CPN Retail Growth Leasehold REIT (Foreign) | 5,511,200 | 5,053 | ||||
Jasmine Broadband Internet Infrastructure Fund (Foreign) | 11,321,165 | 3,209 | ||||
Tisco Financial Group PCL (Foreign) | 1,284,850 | 2,870 | ||||
BTS Rail Mass Transit Growth Infrastructure Fund (Foreign) | 9,925,776 | 2,382 | ||||
Thanachart Capital PCL (Foreign) | 2,047,395 | 2,314 | ||||
Kiatnakin Bank PCL | 1,739,805 | 2,242 | ||||
Thailand Future Fund (Foreign) | 6,500,700 | 2,208 | ||||
Bangchak Corp. PCL | 3,588,000 | 2,041 | ||||
Frasers Property Thailand Industrial Freehold & Lease (Foreign) | 4,048,600 | 1,947 | ||||
^ | WHA Corp. PCL | 21,472,692 | 1,788 | |||
Carabao Group PCL (Foreign) | 731,600 | 1,771 |
115 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Siam Global House PCL | 4,196,167 | 1,730 | ||||
WHA Premium Growth Freehold & Leasehold Real Estate (Foreign) | 3,350,900 | 1,647 | ||||
^ | TOA Paint Thailand PCL (Foreign) | 1,403,900 | 1,608 | |||
VGI PCL (Foreign) | 6,080,212 | 1,547 | ||||
Hana Microelectronics PCL (Foreign) | 1,694,146 | 1,509 | ||||
Supalai PCL (Foreign) | 3,243,250 | 1,485 | ||||
TTW PCL (Foreign) | 3,534,500 | 1,461 | ||||
CH Karnchang PCL (Foreign) | 2,652,800 | 1,385 | ||||
Bangkok Chain Hospital PCL | 3,150,048 | 1,316 | ||||
^ | Sino-Thai Engineering & Construction PCL (Foreign) | 2,658,815 | 1,261 | |||
Chularat Hospital PCL (Foreign) | 16,379,060 | 1,237 | ||||
Jasmine International PCL | 9,910,488 | 1,208 | ||||
Quality Houses PCL | 18,704,133 | 1,194 | ||||
Com7 PCL | 1,768,500 | 1,166 | ||||
North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT | 3,055,400 | 1,141 | ||||
^ | Bangkok Land PCL | 34,520,000 | 1,132 | |||
KCE Electronics PCL (Foreign) | 2,090,200 | 1,123 | ||||
AEON Thana Sinsap Thailand PCL (Foreign) | 276,200 | 1,114 | ||||
Tipco Asphalt PCL | 1,963,200 | 1,076 | ||||
* | TQM Corp. PCL (Foreign) | 437,700 | 1,060 | |||
* | CK Power PCL (Foreign) | 9,052,131 | 1,051 | |||
Sri Trang Agro-Industry PCL (Foreign) | 2,587,723 | 1,032 | ||||
^ | Tisco Financial Group PCL NVDR | 443,150 | 1,009 | |||
Thai Vegetable Oil PCL | 1,290,300 | 972 | ||||
* | Gunkul Engineering PCL (Foreign) | 11,433,183 | 922 | |||
Amata Corp. PCL (Foreign) | 2,354,400 | 917 | ||||
Banpu Power PCL (Foreign) | 1,869,100 | 895 | ||||
TPI Polene PCL (Foreign) | 23,630,700 | 873 | ||||
Bcpg Pcl (Foreign) | 1,688,000 | 838 | ||||
Asian Property Development PCL (Foreign) | 5,116,556 | 789 | ||||
TPI Polene Power PCL | 6,362,000 | 767 | ||||
Major Cineplex Group PCL (Foreign) | 1,709,144 | 765 | ||||
MK Restaurants Group PCL (Foreign) | 453,400 | 764 | ||||
Mbk Pcl | 1,539,700 | 751 | ||||
^ | Central Plaza Hotel PCL (Foreign) | 1,108,990 | 736 | |||
* | Thai Airways International PCL (Foreign) | 3,228,700 | 733 | |||
^ | Star Petroleum Refining PCL | 3,731,300 | 669 | |||
Thaifoods Group PCL (Foreign) | 5,536,000 | 649 | ||||
Pruksa Holding PCL (Foreign) | 1,855,000 | 620 | ||||
Spcg Pcl | 1,122,500 | 599 | ||||
PTG Energy PCL (Foreign) | 1,401,407 | 592 | ||||
^ | Esso Thailand PCL (Foreign) | 3,573,000 | 592 | |||
Plan B Media PCL | 3,845,000 | 582 | ||||
Sansiri PCL (Foreign) | 26,051,400 | 565 | ||||
^ | Super Energy Corp. PCL | 31,563,700 | 560 | |||
Gfpt Pcl | 1,610,800 | 560 | ||||
^ | Thanachart Capital PCL NVDR | 484,900 | 543 | |||
Thonburi Healthcare Group PCL | 875,100 | 539 | ||||
^ | Ratchthani Leasing PCL | 4,011,300 | 488 | |||
* | U City PCL (Foreign) | 11,380,548 | 463 | |||
VGI PCL | 1,808,900 | 461 | ||||
*,^ | BEC World PCL (Foreign) | 2,931,900 | 447 | |||
Central Plaza Hotel PCL NVDR | 670,400 | 445 | ||||
§ | Pruksa Real Estate PCL | 1,063,290 | 441 | |||
^ | Thoresen Thai Agencies PCL | 4,577,841 | 419 | |||
^ | Taokaenoi Food & Marketing PCL (Foreign) | 1,704,200 | 377 | |||
Bangkok Airways PCL (Foreign) | 2,027,700 | 370 | ||||
Italian-Thai Development PCL (Foreign) | 8,191,310 | 341 | ||||
Unique Engineering & Construction PCL | 1,763,400 | 333 | ||||
AP Thailand PCL | 2,127,300 | 328 | ||||
LPN Development PCL | 2,802,211 | 308 | ||||
Univentures PCL | 2,531,788 | 254 | ||||
Samart Corp. PCL | 1,561,221 | 242 | ||||
Origin Property PCL (Foreign) | 1,721,250 | 239 |
116 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Thaicom PCL (Foreign) | 2,035,240 | 238 | ||||
Supalai PCL NVDR | 518,650 | 237 | ||||
Workpoint Entertainment PCL (Foreign) | 737,600 | 230 | ||||
^ | TTW PCL NVDR | 490,400 | 203 | |||
Sino-Thai Engineering & Construction PCL NVDR | 424,200 | 201 | ||||
Beauty Community PCL (Foreign) | 3,429,000 | 190 | ||||
* | Group Lease PCL NVDR | 2,033,100 | 182 | |||
* | Precious Shipping PCL (Foreign) | 1,129,000 | 133 | |||
^ | Italian-Thai Development PCL NVDR | 2,448,500 | 102 | |||
* | Precious Shipping PCL NVDR | 686,000 | 81 | |||
Srisawad Corp. PCL | 23,800 | 39 | ||||
* | Group Lease PCL | 163,778 | 28 | |||
* | Samart Corp. PCL Warrants Exp. 05/08/2021 | 369,640 | 5 | |||
* | Super Energy Corp. PCL Warrants Exp. 08/30/2020 | 5,115,280 | 2 | |||
*,§ | G J Steel PCL Warrants | 1,627,035 | 1 | |||
* | Thaifoods Group PCL Warrants Exp. 05/18/2020 | 237,080 | — | |||
82,937 | ||||||
Turkey (0.4%) | ||||||
* | Ulker Biskuvi Sanayi AS | 448,635 | 1,523 | |||
* | Turkiye Halk Bankasi AS | 1,773,820 | 1,321 | |||
* | Sok Marketler Ticaret AS | 768,517 | 1,206 | |||
Soda Sanayii AS | 1,202,392 | 1,006 | ||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 5,436,180 | 971 | ||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS | 2,878,868 | 907 | ||||
* | Koza Anadolu Metal Madencilik Isletmeleri AS | 535,416 | 879 | |||
AG Anadolu Grubu Holding AS | 369,760 | 879 | ||||
* | Pegasus Hava Tasimaciligi AS | 106,812 | 810 | |||
1 | Enerjisa Enerji AS | 693,039 | 763 | |||
* | Dogan Sirketler Grubu Holding AS | 2,751,036 | 709 | |||
*,1 | Mavi Giyim Sanayi Ve Ticaret AS | 106,631 | 633 | |||
* | Migros Ticaret AS | 137,294 | 580 | |||
* | Gubre Fabrikalari TAS | 236,341 | 542 | |||
Trakya Cam Sanayii AS | 1,134,768 | 525 | ||||
* | Bera Holding AS | 927,027 | 513 | |||
* | Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS | 283,422 | 498 | |||
* | Turkiye Sinai Kalkinma Bankasi AS | 3,350,823 | 494 | |||
*,1 | MLP Saglik Hizmetleri AS | 222,340 | 480 | |||
Sasa Polyester Sanayi AS | 373,399 | 467 | ||||
* | Logo Yazilim Sanayi Ve Ticaret AS | 40,751 | 432 | |||
* | Vestel Elektronik Sanayi ve Ticaret AS | 219,040 | 412 | |||
Otokar Otomotiv Ve Savunma Sanayi A.S. | 22,102 | 395 | ||||
* | Aksa Enerji Uretim AS Class B | 682,167 | 372 | |||
* | Yatas Yatak ve Yorgan Sanayi ve Ticaret AS | 335,480 | 317 | |||
Turk Traktor ve Ziraat Makineleri AS | 37,756 | 308 | ||||
Aksigorta AS | 360,524 | 308 | ||||
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS | 449,428 | 307 | ||||
Aksa Akrilik Kimya Sanayii AS | 323,712 | 294 | ||||
Aygaz AS | 196,921 | 291 | ||||
Anadolu Cam Sanayii AS | 473,835 | 280 | ||||
* | Is Gayrimenkul Yatirim Ortakligi AS | 1,239,111 | 275 | |||
* | EGE Endustri VE Ticaret AS | 3,329 | 262 | |||
Kordsa Teknik Tekstil AS | 156,422 | 253 | ||||
* | Alarko Holding AS | 369,314 | 240 | |||
Tat Gida Sanayi AS | 218,124 | 238 | ||||
* | Sekerbank Turk AS | 1,605,916 | 230 | |||
* | Zorlu Enerji Elektrik Uretim AS | 1,194,844 | 216 | |||
* | Albaraka Turk Katilim Bankasi AS | 1,152,080 | 210 | |||
* | Torunlar Gayrimenkul Yatirim Ortakligi AS | 576,025 | 193 | |||
Polisan Holding AS | 529,638 | 187 |
117 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
* | Cimsa Cimento Sanayi VE Ticaret AS | 130,933 | 146 | |||
Adana Cimento Sanayii TAS Class A | 104,701 | 144 | ||||
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS | 107,400 | 144 | ||||
* | NET Holding AS | 443,345 | 135 | |||
Dogus Otomotiv Servis ve Ticaret AS | 89,519 | 135 | ||||
Akcansa Cimento AS | 109,885 | 132 | ||||
* | Konya Cimento Sanayii AS | 2,221 | 81 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A | 155,270 | 50 | ||||
*,§ | Asya Katilim Bankasi AS | 975,452 | — | |||
22,693 | ||||||
United Arab Emirates (0.1%) | ||||||
* | GFH FINANCIAL GROUP BSC | 8,088,591 | 1,314 | |||
* | Union Properties PJSC | 6,106,808 | 505 | |||
Arabtec Holding PJSC | 2,150,905 | 412 | ||||
* | Deyaar Development PJSC | 4,179,651 | 327 | |||
* | DXB Entertainments PJSC | 6,984,931 | 297 | |||
RAK Properties PJSC | 2,704,665 | 272 | ||||
* | Eshraq Investments PJSC | 3,239,646 | 254 | |||
*,§ | Drake & Scull International PJSC | 1,238,097 | 125 | |||
3,506 | ||||||
United Kingdom (9.9%) | ||||||
Spectris plc | 338,916 | 11,429 | ||||
Dechra Pharmaceuticals plc | 291,260 | 10,138 | ||||
IG Group Holdings plc | 1,061,206 | 10,058 | ||||
Electrocomponents plc | 1,300,982 | 9,450 | ||||
UNITE Group plc | 851,160 | 9,399 | ||||
Genus plc | 189,255 | 8,131 | ||||
Rotork plc | 2,546,866 | 7,940 | ||||
Tritax Big Box REIT plc | 4,999,099 | 7,588 | ||||
Beazley plc | 1,527,499 | 7,553 | ||||
Man Group plc | 4,347,380 | 7,284 | ||||
Games Workshop Group plc | 95,005 | 7,190 | ||||
Britvic plc | 776,118 | 7,144 | ||||
TP ICAP plc | 1,650,488 | 7,046 | ||||
Cranswick plc | 150,184 | 7,025 | ||||
Diploma plc | 323,135 | 7,004 | ||||
Primary Health Properties plc | 3,513,215 | 6,805 | ||||
*,1 | Network International Holdings plc | 1,303,153 | 6,797 | |||
Greggs plc | 291,050 | 6,695 | ||||
1 | John Laing Group plc | 1,446,322 | 6,635 | |||
Assura plc | 6,916,274 | 6,634 | ||||
1 | Countryside Properties plc | 1,297,458 | 6,610 | |||
Balfour Beatty plc | 2,009,197 | 6,539 | ||||
*,1 | Trainline plc | 1,350,314 | 6,454 | |||
Vistry Group plc | 631,203 | 6,410 | ||||
Great Portland Estates plc | 741,542 | 6,316 | ||||
QinetiQ Group plc | 1,627,557 | 6,224 | ||||
Centamin plc | 3,163,193 | 6,125 | ||||
Moneysupermarket.com Group plc | 1,517,452 | 6,046 | ||||
Close Brothers Group plc | 440,685 | 6,043 | ||||
Big Yellow Group plc | 448,846 | 6,042 | ||||
Victrex plc | 239,612 | 6,004 | ||||
Grainger plc | 1,761,835 | 5,919 | ||||
Signature Aviation plc | 2,400,422 | 5,895 | ||||
Domino's Pizza Group plc | 1,355,958 | 5,876 | ||||
LondonMetric Property plc | 2,383,247 | 5,823 | ||||
IWG plc | 1,933,078 | 5,781 | ||||
UDG Healthcare plc | 728,570 | 5,750 | ||||
* | Serco Group plc | 3,549,292 | 5,745 |
118 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Royal Mail plc | 2,684,604 | 5,602 | ||||
SSP Group plc | 1,535,831 | 5,428 | ||||
Safestore Holdings plc | 599,691 | 5,425 | ||||
Hays plc | 3,947,156 | 5,378 | ||||
Spirent Communications plc | 1,767,855 | 5,348 | ||||
Softcat plc | 361,785 | 5,137 | ||||
WH Smith plc | 322,632 | 5,093 | ||||
Grafton Group plc | 636,284 | 5,077 | ||||
Ultra Electronics Holdings plc | 203,502 | 5,038 | ||||
^ | Shaftesbury plc | 651,851 | 4,923 | |||
Plus500 Ltd. | 307,061 | 4,813 | ||||
IntegraFin Holdings plc | 762,420 | 4,755 | ||||
Savills plc | 387,125 | 4,713 | ||||
Marshalls plc | 581,144 | 4,655 | ||||
Lancashire Holdings Ltd. | 589,670 | 4,537 | ||||
Capital & Counties Properties plc | 2,154,231 | 4,499 | ||||
Pets at Home Group plc | 1,389,170 | 4,448 | ||||
Pagegroup plc | 914,187 | 4,327 | ||||
National Express Group plc | 1,238,255 | 4,261 | ||||
AJ Bell plc | 838,215 | 4,154 | ||||
Aggreko plc | 705,148 | 4,066 | ||||
Bodycote plc | 549,574 | 4,021 | ||||
Redrow plc | 664,660 | 3,862 | ||||
Workspace Group plc | 390,142 | 3,843 | ||||
Computacenter plc | 208,446 | 3,810 | ||||
Mediclinic International plc | 1,143,638 | 3,718 | ||||
Future plc | 285,057 | 3,694 | ||||
Daily Mail & General Trust plc | 414,622 | 3,682 | ||||
1 | Ascential plc | 1,155,845 | 3,671 | |||
William Hill plc | 2,548,699 | 3,653 | ||||
Synthomer plc | 975,724 | 3,478 | ||||
Polypipe Group plc | 551,217 | 3,458 | ||||
*,1 | Wizz Air Holdings plc | 94,004 | 3,397 | |||
Hill & Smith Holdings plc | 231,434 | 3,355 | ||||
OneSavings Bank plc | 1,092,845 | 3,354 | ||||
Jupiter Fund Management plc | 1,214,047 | 3,337 | ||||
Dunelm Group plc | 285,798 | 3,302 | ||||
Sanne Group plc | 397,865 | 3,243 | ||||
Vesuvius plc | 622,238 | 3,136 | ||||
Paragon Banking Group plc | 742,170 | 3,107 | ||||
Rathbone Brothers plc | 161,478 | 3,070 | ||||
Drax Group plc | 1,151,667 | 3,019 | ||||
Greencore Group plc | 1,304,867 | 2,989 | ||||
* | Firstgroup plc | 3,543,999 | 2,984 | |||
Brewin Dolphin Holdings plc | 847,809 | 2,921 | ||||
1 | Ibstock plc | 1,134,484 | 2,870 | |||
Dixons Carphone plc | 2,932,401 | 2,851 | ||||
Telecom Plus plc | 168,280 | 2,805 | ||||
Essentra plc | 765,813 | 2,688 | ||||
Rhi Magnesita NV | 86,792 | 2,666 | ||||
Playtech plc | 882,345 | 2,589 | ||||
Sirius Real Estate Ltd. | 2,749,509 | 2,439 | ||||
J D Wetherspoon plc | 204,397 | 2,433 | ||||
Coats Group plc | 4,187,554 | 2,422 | ||||
* | Cairn Energy plc | 1,702,700 | 2,399 | |||
St. Modwen Properties plc | 515,001 | 2,387 | ||||
* | Capita plc | 4,860,265 | 2,380 | |||
*,^ | Energean Oil & Gas plc | 287,425 | 2,357 | |||
Crest Nicholson Holdings plc | 722,279 | 2,327 |
119 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Morgan Advanced Materials plc | 828,531 | 2,286 | ||||
Clarkson plc | 72,360 | 2,271 | ||||
Go-Ahead Group plc | 126,964 | 2,143 | ||||
* | Just Group plc | 3,006,902 | 2,103 | |||
1 | Hastings Group Holdings plc | 904,090 | 2,072 | |||
1 | Equiniti Group plc | 951,748 | 2,052 | |||
Chemring Group plc | 818,533 | 2,036 | ||||
TalkTalk Telecom Group plc | 1,952,463 | 2,028 | ||||
Hammerson plc | 2,243,011 | 1,987 | ||||
Vectura Group plc | 1,784,732 | 1,907 | ||||
Petrofac Ltd. | 754,427 | 1,867 | ||||
Provident Financial plc | 741,112 | 1,807 | ||||
* | Frasers Group plc | 548,872 | 1,796 | |||
UK Commercial Property REIT Ltd. | 1,920,928 | 1,636 | ||||
Redde Northgate plc | 719,503 | 1,623 | ||||
Keller Group plc | 207,851 | 1,606 | ||||
NCC Group plc | 771,108 | 1,593 | ||||
AG Barr plc | 240,258 | 1,492 | ||||
Elementis plc | 1,680,194 | 1,479 | ||||
BMO Commercial Property Trust Ltd. | 1,535,968 | 1,473 | ||||
Ferrexpo plc | 857,026 | 1,451 | ||||
Kainos Group plc | 161,810 | 1,423 | ||||
* | Mitchells & Butlers plc | 636,556 | 1,422 | |||
888 Holdings plc | 781,118 | 1,418 | ||||
Picton Property Income Ltd. | 1,639,313 | 1,418 | ||||
1 | McCarthy & Stone plc | 1,552,711 | 1,382 | |||
Bank of Georgia Group plc | 106,827 | 1,341 | ||||
1 | TI Fluid Systems plc | 661,143 | 1,330 | |||
* | Indivior plc | 2,120,332 | 1,317 | |||
Helical plc | 289,357 | 1,314 | ||||
^ | Tullow Oil plc | 4,041,639 | 1,312 | |||
PZ Cussons plc | 549,526 | 1,294 | ||||
Hochschild Mining plc | 727,950 | 1,270 | ||||
1 | Airtel Africa plc | 2,373,698 | 1,197 | |||
*,1 | Watches of Switzerland Group plc | 355,726 | 1,121 | |||
Stagecoach Group plc | 1,186,570 | 1,113 | ||||
TBC Bank Group plc | 101,358 | 1,041 | ||||
Rank Group plc | 502,436 | 1,031 | ||||
Senior plc | 1,223,140 | 999 | ||||
1 | Spire Healthcare Group plc | 817,922 | 992 | |||
Mitie Group plc | 1,057,808 | 985 | ||||
*,^ | Premier Oil plc | 2,349,999 | 960 | |||
Devro plc | 478,008 | 956 | ||||
Hunting plc | 409,695 | 939 | ||||
Restaurant Group plc | 1,379,209 | 938 | ||||
GoCo Group plc | 863,936 | 904 | ||||
Marston's plc | 1,844,169 | 878 | ||||
1 | CMC Markets plc | 321,443 | 811 | |||
Halfords Group plc | 573,902 | 783 | ||||
Schroder REIT Ltd. | 1,662,454 | 771 | ||||
Stobart Group Ltd. | 945,483 | 737 | ||||
NewRiver REIT plc | 876,375 | 737 | ||||
Saga plc | 3,299,580 | 676 | ||||
*,^,1 | Aston Martin Lagonda Global Holdings plc | 853,312 | 622 | |||
* | AO World plc | 833,670 | 603 | |||
AA plc | 1,762,906 | 600 | ||||
Galliford Try plc | 313,773 | 594 | ||||
Redefine International plc | 748,038 | 577 | ||||
* | Georgia Capital plc | 108,505 | 573 |
120 |
Vanguard® FTSE All-World ex-US Small-Cap Index Fund
Schedule of Investments
April 30, 2020
Shares | Market Value ($000) | |||||
Renewi plc | 1,770,391 | 565 | ||||
*,^ | Metro Bank plc | 462,792 | 538 | |||
SIG plc | 1,713,732 | 517 | ||||
Card Factory plc | 932,898 | 492 | ||||
*,1 | Funding Circle Holdings plc | 428,808 | 466 | |||
International Personal Finance plc | 642,019 | 452 | ||||
Dignity plc | 142,468 | 435 | ||||
RPS Group plc | 651,253 | 427 | ||||
1 | Bakkavor Group plc | 421,195 | 370 | |||
Superdry plc | 197,462 | 315 | ||||
*,1 | Alfa Financial Software Holdings plc | 272,384 | 267 | |||
*,^ | Intu Properties plc | 2,811,768 | 192 | |||
1 | Amigo Holdings plc | 494,466 | 190 | |||
N Brown Group plc | 442,534 | 137 | ||||
C&C Group plc (XLON) | 53,385 | 131 | ||||
*,§,1 | Finablr plc | 496,892 | 69 | |||
*,^,§ | Afren plc | 1,404,272 | — | |||
*,§ | Carillion plc | 961,048 | — | |||
569,591 | ||||||
Total Common Stocks (Cost $6,850,634) | 5,718,892 |
Coupon | |||||||
Temporary Cash Investments (4.1%) | |||||||
Money Market Fund (3.9%) | |||||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 2,256,336 | 225,634 |
Maturity Date | Face Amount ($000) | ||||||
U.S. Government and Agency Obligations (0.2%) | |||||||
4 | United States Cash Management Bill | 0.116% | 9/29/20 | 6,410 | 6,406 | ||
4 | United States Treasury Bill | 1.128% | 6/4/20 | 1,700 | 1,700 | ||
8,106 | |||||||
Total Temporary Cash Investments (Cost $233,720) | 233,740 | ||||||
Total Investments (103.2%) (Cost $7,084,354) | 5,952,632 | ||||||
Other Assets and Liabilities—Net (-3.2%)2,4 | (183,434) | ||||||
Net Assets (100%) | 5,769,198 |
Cost rounded to $000. | |
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $205,825,000. |
§ | Security value determined using significant unobservable inputs. |
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 April 30, 2020, the aggregate value of these securities was $266,867,000, representing 4.6% of net assets. |
2 | Collateral of $222,908,000 was received for securities on loan. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Securities with a value of $8,106,000 and cash of $199,000 have been segregated as initial margin for open futures contracts. |
ADR—American Depositary Receipt. | |
NVDR—Non-Voting Depository Receipt. | |
REIT—Real Estate Investment Trust. |
121 |
© 2020 The Vanguard Group, Inc. All rights reserved. | |
Vanguard Marketing Corporation, Distributor. | |
SNA7702 062020 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Common Stocks (99.0%) | |||
Brazil (5.5%) | |||
Vale SA | 36,115,966 | 297,939 | |
Petroleo Brasileiro SA | 62,032,675 | 212,749 | |
B3 SA - Brasil Bolsa Balcao | 28,050,256 | 198,181 | |
Itau Unibanco Holding SA Preference Shares | 42,431,519 | 177,673 | |
Banco Bradesco SA Preference Shares | 41,917,530 | 147,616 | |
Ambev SA | 60,655,088 | 126,488 | |
Petroleo Brasileiro SA Preference Shares | 35,095,451 | 116,492 | |
Itau Unibanco Holding SA ADR | 26,553,845 | 111,792 | |
Itausa - Investimentos Itau SA Preference Shares | 62,016,470 | 102,640 | |
Vale SA Class B ADR | 12,418,950 | 102,456 | |
Magazine Luiza SA | 9,087,793 | 83,058 | |
* | Suzano SA | 11,389,730 | 82,545 |
Lojas Renner SA | 11,294,233 | 79,734 | |
Weg SA | 10,528,421 | 77,329 | |
Banco Bradesco SA ADR | 21,453,320 | 75,516 | |
Petroleo Brasileiro SA ADR | 10,685,064 | 71,269 | |
Notre Dame Intermedica Participacoes SA | 6,430,516 | 64,815 | |
Banco do Brasil SA | 12,169,744 | 63,782 | |
Raia Drogasil SA | 3,243,606 | 62,499 | |
Jbs SA | 13,851,170 | 60,724 | |
* | Natura & Co. Holding SA | 9,112,063 | 59,519 |
* | Rumo SA | 15,911,959 | 57,908 |
Lojas Americanas SA Preference Shares | 11,462,354 | 52,444 | |
Localiza Rent a Car SA | 8,071,007 | 50,745 | |
Banco Bradesco SA | 15,553,553 | 50,225 | |
Telefonica Brasil SA Preference Shares | 5,655,393 | 47,476 | |
BB Seguridade Participacoes SA | 9,661,471 | 47,171 | |
Equatorial Energia SA | 12,544,528 | 42,285 | |
* | B2W Cia Digital | 2,750,642 | 37,052 |
CCR SA | 16,181,305 | 36,749 | |
Petrobras Distribuidora SA | 9,959,647 | 35,770 | |
Ultrapar Participacoes SA | 12,217,285 | 32,577 | |
Hypera SA | 5,722,499 | 30,602 | |
Banco BTG Pactual SA | 3,572,644 | 27,791 | |
Klabin SA | 8,321,474 | 27,254 | |
* | Brf SA | 7,586,918 | 27,053 |
Sul America SA | 3,254,036 | 26,778 | |
Cosan SA | 2,393,713 | 26,561 | |
* | Centrais Eletricas Brasileiras SA | 5,640,375 | 25,153 |
Cogna Educacao | 24,046,953 | 24,498 | |
Gerdau SA Preference Shares | 11,248,624 | 24,285 | |
Totvs SA | 2,231,326 | 24,271 | |
IRB Brasil Resseguros SA | 11,853,350 | 22,277 | |
^ | Banco Santander Brasil SA (XNYS) | 4,401,221 | 21,654 |
Energisa SA | 2,656,087 | 21,345 | |
TIM Participacoes SA | 8,672,758 | 20,351 | |
BR Malls Participacoes SA | 10,936,218 | 20,192 | |
YDUQS Participacoes SA | 3,612,304 | 20,161 | |
1 | Hapvida Participacoes e Investimentos SA | 2,074,282 | 20,003 |
Cia Energetica de Minas Gerais Preference Shares | 11,364,848 | 19,896 | |
* | Cia Brasileira de Distribuicao | 1,612,088 | 19,631 |
Engie Brasil Energia SA | 2,629,318 | 18,915 | |
* | Cia de Saneamento Basico do Estado de Sao Paulo ADR | 2,462,772 | 18,865 |
Cia de Saneamento Basico do Estado de Sao Paulo | 2,536,294 | 18,694 | |
Bradespar SA Preference Shares | 3,299,886 | 18,120 | |
Itau Unibanco Holding SA | 4,358,202 | 17,632 | |
Atacadao SA | 4,748,062 | 17,463 | |
Transmissora Alianca de Energia Eletrica SA | 3,323,460 | 16,807 | |
Qualicorp Consultoria e Corretora de Seguros SA | 3,496,672 | 16,667 | |
Multiplan Empreendimentos Imobiliarios SA | 4,020,562 | 15,445 | |
* | Marfrig Global Foods SA | 6,535,467 | 15,432 |
1 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) |
* | Centrais Eletricas Brasileiras SA Preference Shares | 2,992,011 | 15,318 |
Cia de Saneamento do Parana | 2,994,046 | 14,150 | |
Cia Energetica de Sao Paulo Preference Shares | 2,703,288 | 13,999 | |
EDP - Energias do Brasil SA | 4,476,974 | 13,996 | |
^ | Cia Paranaense de Energia ADR | 1,351,964 | 13,858 |
CPFL Energia SA | 2,585,757 | 13,809 | |
Alpargatas SA Preference Shares | 2,702,031 | 13,610 | |
Fleury SA | 3,173,322 | 13,305 | |
Cielo SA | 16,166,774 | 12,070 | |
MRV Engenharia e Participacoes SA | 4,253,117 | 11,849 | |
Porto Seguro SA | 1,372,503 | 11,431 | |
* | Embraer SA | 7,013,684 | 11,157 |
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 3,731,370 | 10,917 | |
Odontoprev SA | 3,850,048 | 10,620 | |
Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 2,739,829 | 9,790 | |
* | Via Varejo SA | 5,424,856 | 9,158 |
Lojas Americanas SA | 2,442,621 | 9,132 | |
* | Azul SA Prior Preference Shares. | 2,829,239 | 9,053 |
Metalurgica Gerdau SA Preference Shares Class A | 9,185,223 | 8,699 | |
* | Linx SA | 2,151,081 | 8,588 |
Banco Inter SA | 1,655,110 | 8,376 | |
Neoenergia SA | 2,455,108 | 8,249 | |
Cia de Saneamento de Minas Gerais-COPASA | 927,858 | 8,190 | |
�� | Sao Martinho SA | 2,317,573 | 8,140 |
* | Minerva SA | 3,536,326 | 7,973 |
^ | Gerdau SA ADR | 3,696,077 | 7,947 |
Cia Siderurgica Nacional SA | 4,803,101 | 7,914 | |
Iguatemi Empresa de Shopping Centers SA | 1,284,697 | 7,777 | |
* | Cia Brasileira de Distribuicao ADR | 632,296 | 7,720 |
Cia de Locacao das Americas | 3,154,184 | 7,703 | |
* | Aliansce Sonae Shopping Centers sa | 1,474,522 | 7,568 |
M Dias Branco SA | 1,251,813 | 7,366 | |
TIM Participacoes SA ADR | 630,446 | 7,326 | |
Duratex SA | 3,904,574 | 6,994 | |
Banco Santander Brasil SA (BVMF) | 1,404,145 | 6,972 | |
^ | Cia Siderurgica Nacional SA ADR | 4,332,693 | 6,932 |
* | Alupar Investimento SA | 1,641,053 | 6,811 |
AES Tiete Energia SA | 2,506,137 | 6,683 | |
Banco do Estado do Rio Grande do Sul SA Preference Shares | 2,806,152 | 6,471 | |
Braskem SA Preference Shares | 1,615,921 | 6,282 | |
* | Light SA | 2,897,230 | 6,052 |
SLC Agricola SA | 1,345,901 | 5,940 | |
* | Embraer SA ADR | 914,313 | 5,788 |
* | Eneva SA | 873,279 | 5,778 |
* | EcoRodovias Infraestrutura e Logistica SA | 2,984,747 | 5,758 |
* | Ez Tec Empreendimentos e Participacoes SA | 1,013,763 | 5,632 |
Cia Hering | 1,810,120 | 4,980 | |
Centrais Eletricas Brasileiras SA ADR Preference Shares | 1,021,703 | 4,884 | |
Arezzo Industria e Comercio SA | 616,502 | 4,818 | |
Grendene SA | 3,738,749 | 4,792 | |
Usinas Siderurgicas de Minas Gerais SA Preference Shares | 5,427,606 | 4,791 | |
Marcopolo SA Preference Shares | 8,654,743 | 4,552 | |
CVC Brasil Operadora e Agencia de Viagens SA | 1,786,954 | 4,535 | |
Construtora Tenda SA | 1,045,133 | 4,467 | |
^ | Braskem SA ADR | 554,448 | 4,352 |
Iochpe Maxion SA | 1,830,791 | 4,279 | |
Randon Participacoes SA Preference Shares | 2,683,107 | 4,194 | |
BK Brasil Operacao e Assessoria a Restaurantes SA | 2,284,059 | 3,973 | |
* | Grupo SBF SA | 681,718 | 3,961 |
* | Cosan Logistica SA | 1,320,900 | 3,731 |
* | Omega Geracao SA | 637,625 | 3,516 |
^ | Cia Energetica de Minas Gerais ADR | 2,028,705 | 3,489 |
Telefonica Brasil SA ADR | 409,127 | 3,437 | |
* | Gol Linhas Aereas Inteligentes SA Preference Shares | 1,442,144 | 3,289 |
2 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Banco Pan SA Preference Shares | 3,456,446 | 3,197 |
* | Unipar Carbocloro SA Preference Shares | 719,136 | 3,095 |
Movida Participacoes SA | 1,551,470 | 3,081 | |
BR Properties SA | 1,872,174 | 3,009 | |
Camil Alimentos SA | 1,927,500 | 2,892 | |
Santos Brasil Participacoes SA | 3,617,222 | 2,714 | |
1 | Ser Educacional SA | 845,528 | 2,643 |
Cia Paranaense de Energia Preference Shares | 263,705 | 2,638 | |
Cia Energetica de Minas Gerais | 1,372,451 | 2,441 | |
Guararapes Confeccoes SA | 1,016,760 | 2,384 | |
Tupy SA | 856,292 | 2,331 | |
Smiles Fidelidade SA | 886,880 | 2,329 | |
Instituto Hermes Pardini SA | 633,160 | 2,265 | |
* | Even Construtora e Incorporadora SA | 1,691,304 | 2,096 |
^ | Centrais Eletricas Brasileiras SA ADR | 449,147 | 2,003 |
Ambev SA ADR | 911,072 | 1,959 | |
Wiz Solucoes e Corretagem de Seguros SA | 1,124,219 | 1,885 | |
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | 1,105,598 | 1,814 | |
Cia Paranaense de Energia | 181,555 | 1,776 | |
LOG Commercial Properties e Participacoes SA | 411,018 | 1,729 | |
1 | Banco Inter SA Preference Shares | 1,003,698 | 1,724 |
Dimed SA Distribuidora da Medicamentos | 395,900 | 1,704 | |
Mahle-Metal Leve SA | 525,673 | 1,700 | |
* | Anima Holding SA | 399,126 | 1,672 |
* | Enauta Participacoes SA | 988,330 | 1,659 |
Direcional Engenharia SA | 940,943 | 1,523 | |
* | Alliar Medicos A Frente SA | 732,900 | 1,414 |
* | Brf SA ADR | 385,738 | 1,381 |
JHSF Participacoes SA | 1,175,700 | 899 | |
* | Petro Rio SA | 165,500 | 622 |
* | Oi SA ADR | 1 | — |
4,046,484 | |||
Chile (0.8%) | |||
Banco de Chile | 628,163,598 | 55,375 | |
Enel Americas SA | 320,020,447 | 52,513 | |
Empresas COPEC SA | 7,032,406 | 43,951 | |
Empresas CMPC SA | 16,272,569 | 35,081 | |
Enel Americas SA ADR | 4,177,678 | 33,797 | |
Falabella SA | 10,091,529 | 27,559 | |
Banco de Credito e Inversiones SA | 663,116 | 24,620 | |
Enel Chile SA | 296,905,769 | 24,179 | |
Cencosud SA | 19,553,521 | 23,654 | |
* | Banco Santander Chile | 463,167,590 | 19,888 |
* | Banco Santander Chile ADR | 1,145,468 | 19,267 |
Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 727,061 | 17,286 | |
Colbun SA | 106,391,373 | 15,610 | |
Cia Cervecerias Unidas SA | 2,164,406 | 15,554 | |
Parque Arauco SA | 9,081,463 | 15,240 | |
^ | Sociedad Quimica y Minera de Chile SA ADR | 617,231 | 14,073 |
Aguas Andinas SA Class A | 41,620,247 | 13,958 | |
* | Empresa Nacional de Telecomunicaciones SA | 2,036,310 | 12,317 |
Latam Airlines Group SA | 2,723,294 | 10,291 | |
* | Cencosud Shopping SA | 5,742,616 | 10,180 |
Vina Concha y Toro SA | 5,195,355 | 8,183 | |
Embotelladora Andina SA Preference Shares | 3,305,786 | 7,895 | |
Enel Chile SA ADR | 1,803,817 | 7,233 | |
Itau CorpBanca Chile SA | 2,520,544,995 | 7,134 | |
AES Gener SA | 43,877,917 | 6,465 | |
Engie Energia Chile SA | 5,101,530 | 6,295 | |
* | Cap SA | 1,142,397 | 5,576 |
* | Cia Sud Americana de Vapores SA | 215,266,760 | 5,157 |
Inversiones Aguas Metropolitanas SA | 5,410,096 | 4,341 | |
Sonda SA | 6,442,953 | 3,897 |
3 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Inversiones La Construccion SA | 513,234 | 3,873 | |
Plaza SA | 2,555,345 | 3,679 | |
Smu SA | 20,553,407 | 3,447 | |
Ripley Corp. SA | 9,843,022 | 3,065 | |
Salfacorp SA | 4,427,502 | 1,915 | |
Besalco SA | 2,833,463 | 1,258 | |
Forus SA | 505,914 | 570 | |
^ | Latam Airlines Group SA ADR | 86,113 | 327 |
564,703 | |||
China (42.5%) | |||
* | Alibaba Group Holding Ltd. ADR | 24,920,955 | 5,050,730 |
Tencent Holdings Ltd. | 80,960,882 | 4,256,068 | |
China Construction Bank Corp. Class H | 1,294,516,103 | 1,039,061 | |
Ping An Insurance Group Co. of China Ltd. | 76,171,813 | 775,144 | |
Industrial & Commercial Bank of China Ltd. Class H | 1,122,774,614 | 752,831 | |
* | Meituan Dianping Class B | 48,597,169 | 650,672 |
China Mobile Ltd. | 74,446,049 | 598,476 | |
* | JD.com Inc. ADR | 11,267,544 | 485,631 |
Bank of China Ltd. Class H | 1,106,611,735 | 421,291 | |
* | Baidu Inc. ADR | 3,898,770 | 393,503 |
NetEase Inc. ADR | 1,006,675 | 347,263 | |
China Merchants Bank Co. Ltd. Class H | 62,960,295 | 297,948 | |
* | TAL Education Group ADR | 4,828,679 | 261,666 |
* | New Oriental Education & Technology Group Inc. ADR | 1,946,103 | 248,440 |
CNOOC Ltd. | 223,961,883 | 247,617 | |
China Life Insurance Co. Ltd. Class H | 106,687,734 | 227,533 | |
Agricultural Bank of China Ltd. Class H | 484,047,343 | 201,355 | |
China Overseas Land & Investment Ltd. | 53,951,341 | 199,293 | |
*,1 | Xiaomi Corp. Class B | 149,203,120 | 195,694 |
China Petroleum & Chemical Corp. Class H | 372,648,822 | 185,733 | |
*,1 | Wuxi Biologics Cayman Inc. | 11,266,522 | 175,379 |
* | Trip.com Group Ltd. ADR | 6,258,195 | 161,211 |
China Resources Land Ltd. | 38,851,325 | 160,542 | |
ZTO Express Cayman Inc. ADR | 5,364,884 | 159,659 | |
Sunac China Holdings Ltd. | 35,085,526 | 156,947 | |
*,1 | China Tower Corp. Ltd. Class H | 657,156,936 | 146,247 |
Anhui Conch Cement Co. Ltd. Class H | 18,383,135 | 144,958 | |
ANTA Sports Products Ltd. | 16,806,805 | 143,127 | |
China Pacific Insurance Group Co. Ltd. Class H | 40,944,592 | 135,462 | |
Country Garden Holdings Co. Ltd. | 104,430,469 | 135,277 | |
China Gas Holdings Ltd. | 37,104,211 | 135,013 | |
Kweichow Moutai Co. Ltd. Class A (XSSC) | 750,667 | 133,727 | |
Sino Biopharmaceutical Ltd. | 91,235,963 | 132,985 | |
* | Alibaba Health Information Technology Ltd. | 54,509,112 | 130,386 |
Sunny Optical Technology Group Co. Ltd. | 9,181,375 | 127,856 | |
1 | Longfor Group Holdings Ltd. | 24,461,601 | 124,364 |
CSPC Pharmaceutical Group Ltd. | 61,930,380 | 122,605 | |
ENN Energy Holdings Ltd. | 10,690,155 | 120,504 | |
Shenzhou International Group Holdings Ltd. | 10,183,333 | 117,532 | |
Ping An Insurance Group Co. of China Ltd. Class A | 10,672,707 | 111,202 | |
China Conch Venture Holdings Ltd. | 22,820,518 | 109,113 | |
Geely Automobile Holdings Ltd. | 69,368,643 | 107,905 | |
China Resources Beer Holdings Co. Ltd. | 22,385,124 | 105,430 | |
PetroChina Co. Ltd. Class H | 275,977,227 | 99,129 | |
* | Vipshop Holdings Ltd. | 6,135,794 | 97,743 |
China Shenhua Energy Co. Ltd. Class H | 53,218,360 | 94,281 | |
PICC Property & Casualty Co. Ltd. Class H | 94,912,207 | 90,826 | |
China Minsheng Banking Corp. Ltd. Class H | 119,802,594 | 89,241 | |
Hengan International Group Co. Ltd. | 9,984,526 | 88,792 | |
China Vanke Co. Ltd. Class H | 25,776,100 | 86,627 | |
Guangdong Investment Ltd. | 41,306,021 | 85,853 | |
Shimao Property Holdings Ltd. | 19,997,423 | 81,287 | |
Country Garden Services Holdings Co. Ltd. | 17,561,331 | 81,136 | |
Bank of Communications Co. Ltd. Class H | 126,650,609 | 80,259 |
4 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
*,1 | Innovent Biologics Inc. | 16,229,320 | 79,926 |
1 | Postal Savings Bank of China Co. Ltd. Class H | 131,935,010 | 78,838 |
CITIC Securities Co. Ltd. Class H | 40,607,087 | 77,783 | |
Li Ning Co. Ltd. | 24,041,980 | 75,912 | |
* | Pinduoduo Inc. ADR | 1,548,100 | 73,442 |
CITIC Ltd. | 69,222,026 | 71,894 | |
* | 58.com Inc. ADR | 1,383,276 | 71,861 |
*,1 | Ping An Healthcare and Technology Co. Ltd. | 5,155,800 | 71,026 |
^ | BYD Co. Ltd. Class H | 11,266,156 | 70,063 |
China National Building Material Co. Ltd. Class H | 54,893,473 | 68,570 | |
China Telecom Corp. Ltd. Class H | 195,201,743 | 67,423 | |
Kweichow Moutai Co. Ltd. Class A (XSHG) | 366,461 | 65,283 | |
Autohome Inc. ADR | 784,781 | 64,470 | |
China Resources Gas Group Ltd. | 11,180,405 | 62,838 | |
China CITIC Bank Corp. Ltd. Class H | 121,073,476 | 59,149 | |
China Jinmao Holdings Group Ltd. | 82,434,771 | 58,039 | |
^ | China Evergrande Group | 30,551,057 | 54,312 |
China Unicom Hong Kong Ltd. | 83,539,981 | 54,028 | |
*,^ | iQIYI Inc. ADR | 3,114,944 | 52,861 |
Yihai International Holding Ltd. | 6,598,648 | 52,584 | |
Huazhu Group Ltd. ADR | 1,447,907 | 52,139 | |
Haitong Securities Co. Ltd. Class H | 57,014,870 | 51,617 | |
*,^,1 | Hansoh Pharmaceutical Group Co. Ltd. | 12,928,000 | 49,919 |
Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 32,547,844 | 49,445 | |
Sinopharm Group Co. Ltd. Class H | 18,033,625 | 48,625 | |
Haier Electronics Group Co. Ltd. | 17,421,535 | 47,981 | |
New China Life Insurance Co. Ltd. Class H | 13,804,305 | 47,828 | |
Weichai Power Co. Ltd. Class H | 26,510,294 | 46,579 | |
China Communications Construction Co. Ltd. Class H | 68,342,670 | 45,936 | |
* | JOYY Inc. ADR | 752,988 | 45,902 |
Kingdee International Software Group Co. Ltd. | 31,838,284 | 45,534 | |
*,^ | GDS Holdings Ltd. ADR | 781,095 | 44,772 |
Wuliangye Yibin Co. Ltd. Class A (XSHE) | 2,236,198 | 42,544 | |
*,^ | Kingsoft Corp. Ltd. | 12,328,078 | 42,337 |
China Resources Cement Holdings Ltd. | 30,965,076 | 42,134 | |
Guangzhou Automobile Group Co. Ltd. Class H | 46,610,820 | 41,824 | |
Fosun International Ltd. | 32,040,625 | 40,226 | |
*,1 | CGN Power Co. Ltd. Class H | 158,266,514 | 39,812 |
* | China Biologic Products Holdings Inc. | 366,165 | 38,169 |
1 | People's Insurance Co. Group of China Ltd. Class H | 115,416,422 | 37,774 |
Zijin Mining Group Co. Ltd. Class H | 91,462,097 | 37,341 | |
China Merchants Bank Co. Ltd. Class A (XSSC) | 7,581,049 | 37,336 | |
Industrial & Commercial Bank of China Ltd. Class A (XSSC) | 51,061,779 | 37,268 | |
CRRC Corp. Ltd. Class H | 70,124,812 | 37,121 | |
Brilliance China Automotive Holdings Ltd. | 39,435,099 | 36,487 | |
* | Jiangsu Hengrui Medicine Co. Ltd. Class A (XSSC) | 2,793,683 | 36,333 |
China Railway Construction Corp. Ltd. Class H | 33,043,689 | 36,282 | |
CIFI Holdings Group Co. Ltd. | 46,693,897 | 35,671 | |
*,^ | NIO Inc. ADR | 10,452,297 | 35,642 |
Zhongsheng Group Holdings Ltd. | 8,836,906 | 35,469 | |
1 | Huatai Securities Co. Ltd. Class H | 21,082,008 | 34,962 |
Momo Inc. ADR | 1,435,750 | 34,573 | |
China Taiping Insurance Holdings Co. Ltd. | 20,205,200 | 34,066 | |
Industrial Bank Co. Ltd. Class A (XSSC) | 14,364,865 | 33,556 | |
* | Zai Lab Ltd. ADR | 521,796 | 32,727 |
Shanghai Pudong Development Bank Co. Ltd. Class A (XSSC) | 21,615,631 | 32,362 | |
China Resources Power Holdings Co. Ltd. | 27,103,149 | 32,102 | |
Great Wall Motor Co. Ltd. Class H | 47,465,875 | 31,734 | |
GF Securities Co. Ltd. Class A (XSHE) | 16,187,255 | 31,029 | |
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 8,008,109 | 30,255 | |
* | ZTE Corp. Class H | 10,632,439 | 29,969 |
China Everbright International Ltd. | 50,553,203 | 29,235 | |
Beijing Enterprises Water Group Ltd. | 75,222,691 | 29,190 | |
* | SINA Corp. | 857,949 | 28,973 |
5 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Gree Electric Appliances Inc. of Zhuhai Class A (XSHE) | 3,661,200 | 28,010 | |
*,^ | Weibo Corp. ADR | 745,230 | 27,968 |
Kunlun Energy Co. Ltd. | 42,201,541 | 27,494 | |
1 | China Galaxy Securities Co. Ltd. Class H | 54,130,375 | 27,488 |
Tsingtao Brewery Co. Ltd. Class H | 4,444,736 | 27,001 | |
Dongfeng Motor Group Co. Ltd. Class H | 40,646,430 | 26,959 | |
KWG Group Holdings Ltd. | 18,011,797 | 26,645 | |
1 | A-Living Services Co. Ltd. Class H | 4,662,913 | 25,776 |
Beijing Enterprises Holdings Ltd. | 7,271,267 | 25,759 | |
Luxshare Precision Industry Co. Ltd. Class A (XSHE) | 3,887,920 | 25,637 | |
BYD Electronic International Co. Ltd. | 10,843,529 | 24,970 | |
Kingboard Holdings Ltd. | 10,231,108 | 24,959 | |
Hangzhou Hikvision Digital Technology Co. Ltd. Class A (XSHE) | 5,555,769 | 24,944 | |
Seazen Group Ltd. | 25,609,824 | 24,886 | |
China Railway Group Ltd. Class H | 41,144,604 | 24,601 | |
* | Alibaba Pictures Group Ltd. | 182,199,250 | 24,403 |
China Cinda Asset Management Co. Ltd. Class H | 125,661,276 | 24,355 | |
China Communications Services Corp. Ltd. Class H | 34,046,821 | 24,269 | |
Muyuan Foodstuff Co. Ltd. Class A (XSHE) | 1,352,534 | 24,211 | |
Far East Horizon Ltd. | 29,712,130 | 24,053 | |
*,^ | GSX Techedu Inc. ADR | 607,311 | 24,025 |
China Longyuan Power Group Corp. Ltd. Class H | 47,947,493 | 23,966 | |
Shenzhen International Holdings Ltd. | 12,391,478 | 23,949 | |
TravelSky Technology Ltd. Class H | 13,269,867 | 23,434 | |
^,1 | China International Capital Corp. Ltd. Class H | 15,220,740 | 23,375 |
China Construction Bank Corp. Class A (XSSC) | 25,753,909 | 23,374 | |
Agricultural Bank of China Ltd. Class A (XSHG) | 47,553,500 | 23,246 | |
China Everbright Bank Co. Ltd. Class H | 54,397,956 | 23,084 | |
Wuliangye Yibin Co. Ltd. Class A (XSEC) | 1,204,462 | 22,915 | |
Agile Group Holdings Ltd. | 20,167,226 | 22,683 | |
Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 12,847,026 | 22,613 | |
China Merchants Port Holdings Co. Ltd. | 17,472,671 | 22,488 | |
China Yangtze Power Co. Ltd. Class A (XSHG) | 8,999,991 | 22,169 | |
Ping An Bank Co. Ltd. Class A (XSHE) | 11,357,604 | 22,160 | |
* | Genscript Biotech Corp. | 12,293,320 | 21,924 |
Logan Property Holdings Co. Ltd. | 13,867,165 | 21,860 | |
Shandong Gold Mining Co. Ltd. Class A (XSSC) | 4,227,790 | 21,516 | |
^,1 | Haidilao International Holding Ltd. | 4,924,000 | 21,339 |
China Overseas Property Holdings Ltd. | 19,086,311 | 21,101 | |
Huaneng Power International Inc. Class H | 56,051,822 | 21,072 | |
Zhuzhou CRRC Times Electric Co. Ltd. Class H | 6,864,079 | 20,998 | |
Huatai Securities Co. Ltd. Class A (XSSC) | 8,272,931 | 20,950 | |
Nine Dragons Paper Holdings Ltd. | 21,806,910 | 20,863 | |
China Medical System Holdings Ltd. | 17,581,584 | 20,697 | |
Yangzijiang Shipbuilding Holdings Ltd. | 29,844,698 | 20,695 | |
* | Bilibili Inc. ADR | 753,059 | 20,626 |
* | China Aoyuan Group Ltd. | 17,510,071 | 20,573 |
China Oilfield Services Ltd. Class H | 26,326,348 | 20,506 | |
Yanzhou Coal Mining Co. Ltd. Class H | 26,804,023 | 20,365 | |
Jiangsu Expressway Co. Ltd. Class H | 16,993,976 | 20,285 | |
CSC Financial Co. Ltd. Class A | 4,149,477 | 20,211 | |
China State Construction Engineering Corp. Ltd. Class A (XSSC) | 27,324,970 | 20,084 | |
China State Construction International Holdings Ltd. | 25,883,728 | 20,068 | |
Bank of China Ltd. Class A (XSSC) | 40,661,200 | 19,986 | |
* | 51job Inc. ADR | 330,542 | 19,813 |
Air China Ltd. Class H | 27,548,808 | 19,643 | |
China Lesso Group Holdings Ltd. | 13,519,317 | 19,373 | |
Sinotruk Hong Kong Ltd. | 9,489,467 | 19,240 | |
*,^,1 | Tongcheng-Elong Holdings Ltd. | 11,328,400 | 19,103 |
Agricultural Bank of China Ltd. Class A (XSSC) | 38,892,295 | 19,012 | |
Poly Developments and Holdings Group Co. Ltd. Class A (XSSC) | 8,205,270 | 18,626 | |
1 | WuXi AppTec Co. Ltd. Class H | 1,313,590 | 18,520 |
WuXi AppTec Co. Ltd. Class A (XSSC) | 1,294,979 | 18,308 | |
Anhui Gujing Distillery Co. Ltd. Class B | 2,163,606 | 18,249 |
6 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Tencent Music Entertainment Group ADR | 1,592,504 | 18,170 |
China Hongqiao Group Ltd. | 36,816,000 | 18,149 | |
*,^ | GOME Retail Holdings Ltd. | 156,268,708 | 18,142 |
Times China Holdings Ltd. | 10,789,884 | 18,100 | |
Guangzhou R&F Properties Co. Ltd. Class H | 14,218,736 | 18,056 | |
1 | Dali Foods Group Co. Ltd. | 29,208,048 | 18,044 |
*,^,1 | CanSino Biologics Inc. Class H | 851,800 | 17,973 |
* | 21Vianet Group Inc. ADR | 1,187,750 | 17,781 |
*,1 | 3SBio Inc. | 17,361,586 | 17,601 |
China Molybdenum Co. Ltd. Class H | 57,787,171 | 17,434 | |
1 | China Huarong Asset Management Co. Ltd. Class H | 155,902,113 | 17,376 |
China Vanke Co. Ltd. Class A (XSHE) | 4,615,797 | 17,321 | |
Wanhua Chemical Group Co. Ltd. Class A | 2,749,308 | 17,316 | |
China Everbright Ltd. | 11,221,100 | 17,155 | |
Jiangxi Copper Co. Ltd. Class H | 17,631,722 | 17,153 | |
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 21,065,132 | 17,054 | |
*,^,1 | Koolearn Technology Holding Ltd. | 3,525,500 | 16,922 |
China International Travel Service Corp. Ltd. Class A (XSHG) | 1,316,282 | 16,873 | |
Aier Eye Hospital Group Co. Ltd. Class A | 2,701,076 | 16,742 | |
*,^,1 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 4,809,093 | 16,680 |
Beijing Capital International Airport Co. Ltd. Class H | 24,780,447 | 16,603 | |
Zhaojin Mining Industry Co. Ltd. Class H | 14,511,667 | 16,304 | |
Yuexiu Property Co. Ltd. | 85,167,662 | 16,193 | |
1 | China Merchants Securities Co. Ltd. Class H | 14,651,997 | 16,079 |
* | Inner Mongolia Yili Industrial Group Co. Ltd. Class A (XSSC) | 3,865,292 | 15,849 |
SAIC Motor Corp. Ltd. Class A (XSSC) | 5,975,013 | 15,819 | |
Zhejiang Expressway Co. Ltd. Class H | 20,541,477 | 15,535 | |
Shenzhen Investment Ltd. | 46,627,262 | 15,307 | |
China Traditional Chinese Medicine Holdings Co. Ltd. | 34,686,802 | 15,225 | |
Ausnutria Dairy Corp. Ltd. | 8,240,950 | 15,198 | |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 17,922,800 | 14,792 | |
1 | China Resources Pharmaceutical Group Ltd. | 23,401,626 | 14,697 |
^ | China Southern Airlines Co. Ltd. Class H | 29,363,638 | 14,683 |
COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 22,424,261 | 14,680 | |
China Life Insurance Co. Ltd. Class A | 3,668,840 | 14,672 | |
*,^,1 | Jinxin Fertility Group Ltd. | 11,598,000 | 14,624 |
Haitian International Holdings Ltd. | 8,216,180 | 14,537 | |
* | Wingtech Technology Co. Ltd. Class A | 976,731 | 14,524 |
* | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A (XSHE) | 404,569 | 14,495 |
Kingboard Laminates Holdings Ltd. | 14,937,799 | 14,457 | |
1 | AK Medical Holdings Ltd. | 5,382,000 | 14,440 |
* | Jiangsu Hengrui Medicine Co. Ltd. Class A (XSHG) | 1,102,536 | 14,339 |
SSY Group Ltd. | 20,341,775 | 14,323 | |
^ | Chinasoft International Ltd. | 27,225,155 | 14,287 |
Greentown Service Group Co. Ltd. | 10,783,893 | 14,192 | |
1 | BAIC Motor Corp. Ltd. Class H | 31,759,093 | 13,894 |
* | Chongqing Rural Commercial Bank Co. Ltd. Class H | 31,682,539 | 13,822 |
AviChina Industry & Technology Co. Ltd. Class H | 34,955,476 | 13,796 | |
* | COSCO SHIPPING Holdings Co. Ltd. Class H | 47,360,158 | 13,683 |
*,1 | China Literature Ltd. | 3,059,364 | 13,657 |
* | BEST Inc. ADR | 2,525,271 | 13,561 |
Fuyao Glass Industry Group Co. Ltd. Class A (XSHG) | 4,860,732 | 13,549 | |
* | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A (XSEC) | 376,787 | 13,500 |
Guotai Junan Securities Co. Ltd. Class A (XSHG) | 5,635,100 | 13,339 | |
COSCO SHIPPING Ports Ltd. | 24,949,359 | 13,292 | |
Anhui Conch Cement Co. Ltd. Class A (XSSC) | 1,581,661 | 13,262 | |
SOHO China Ltd. | 27,517,530 | 13,186 | |
Bank of Ningbo Co. Ltd. Class A (XSHE) | 3,591,770 | 13,122 | |
1 | China Yuhua Education Corp. Ltd. | 13,045,676 | 13,121 |
Hangzhou Hikvision Digital Technology Co. Ltd. Class A (XSEC) | 2,915,331 | 13,089 | |
Sinopec Shanghai Petrochemical Co. Ltd. Class H | 48,166,131 | 13,077 | |
Chongqing Zhifei Biological Products Co. Ltd. Class A | 1,164,471 | 12,927 | |
Shanghai Baosight Software Co. Ltd. Class B | 5,706,072 | 12,718 | |
Gree Electric Appliances Inc. of Zhuhai Class A (XSEC) | 1,659,053 | 12,693 |
7 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A (XSHE) | 913,928 | 12,665 | |
China Yongda Automobiles Services Holdings Ltd. | 12,455,652 | 12,557 | |
1 | Guotai Junan Securities Co. Ltd. Class H | 8,821,336 | 12,556 |
Yuzhou Properties Co. Ltd. | 29,273,926 | 12,472 | |
China Power International Development Ltd. | 61,168,063 | 12,458 | |
China United Network Communications Ltd. Class A (XSSC) | 16,881,224 | 12,381 | |
Greentown China Holdings Ltd. | 11,450,719 | 12,374 | |
Orient Securities Co. Ltd.Class A (XSSC) | 9,361,970 | 12,328 | |
Shanghai Electric Group Co. Ltd. Class H | 40,101,315 | 12,325 | |
China CITIC Bank Corp. Ltd. Class A (XSSC) | 16,650,032 | 12,207 | |
Lee & Man Paper Manufacturing Ltd. | 19,798,227 | 12,163 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A (XSHE) | 5,050,130 | 12,106 | |
Powerlong Real Estate Holdings Ltd. | 19,761,277 | 12,070 | |
* | Henan Shuanghui Investment & Development Co. Ltd. Class A (XSHE) | 2,115,976 | 12,031 |
* | ZTE Corp. Class A (XSEC) | 2,083,874 | 11,926 |
*,^ | HUYA Inc. ADR | 734,779 | 11,925 |
China Everbright Bank Co. Ltd. Class A (XSSC) | 22,254,594 | 11,710 | |
China Petroleum & Chemical Corp. Class A | 18,412,819 | 11,594 | |
*,^ | Canadian Solar Inc. | 644,262 | 11,494 |
Sany Heavy Industry Co. Ltd. Class A (XSSC) | 4,123,401 | 11,320 | |
* | Aluminum Corp. of China Ltd. Class H | 53,508,237 | 11,262 |
*,^,1 | Weimob Inc. | 15,188,000 | 11,221 |
^,1 | Luye Pharma Group Ltd. | 22,929,456 | 11,134 |
Kaisa Group Holdings Ltd. | 29,097,049 | 11,133 | |
* | SF Holding Co. Ltd. Class A (XSHE) | 1,701,724 | 11,129 |
*,^ | China Eastern Airlines Corp. Ltd. Class H | 27,358,558 | 11,119 |
Vinda International Holdings Ltd. | 3,702,804 | 11,085 | |
Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 11,206,090 | 10,988 | |
New Hope Liuhe Co. Ltd. Class A (XSHE) | 2,373,324 | 10,964 | |
Shenzhen Expressway Co. Ltd. Class H | 9,559,170 | 10,960 | |
Yonyou Network Technology Co. Ltd. Class A (XSSC) | 1,684,450 | 10,927 | |
*,1 | China Railway Signal & Communication Corp. Ltd. Class H | 22,092,798 | 10,919 |
Sino-Ocean Group Holding Ltd. | 41,790,089 | 10,884 | |
* | Will Semiconductor Ltd. Class A (XSHG) | 401,200 | 10,881 |
1 | Fu Shou Yuan International Group Ltd. | 12,012,913 | 10,863 |
Haier Smart Home Co. Ltd. Class A (XSSC) | 4,997,207 | 10,786 | |
LONGi Green Energy Technology Co. Ltd. Class A (XSSC) | 2,479,958 | 10,730 | |
Ping An Bank Co. Ltd. Class A (XSEC) | 5,444,900 | 10,624 | |
China Reinsurance Group Corp. Class H | 90,606,940 | 10,617 | |
East Money Information Co. Ltd. Class A | 4,165,280 | 10,601 | |
Hopson Development Holdings Ltd. | 9,437,434 | 10,570 | |
China Overseas Grand Oceans Group Ltd. | 16,764,142 | 10,499 | |
China Grand Pharmaceutical and Healthcare Holdings Ltd. | 15,789,210 | 10,486 | |
China Oriental Group Co. Ltd. | 34,456,736 | 10,413 | |
^,1 | Hua Hong Semiconductor Ltd. | 5,377,188 | 10,392 |
*,^ | Baozun Inc. ADR | 325,313 | 10,358 |
China Merchants Bank Co. Ltd. Class A (XSHG) | 2,082,000 | 10,254 | |
Shanghai International Airport Co. Ltd. Class A (XSSC) | 1,030,267 | 10,218 | |
Bank of Shanghai Co. Ltd. Class A (XSHG) | 8,858,061 | 10,211 | |
Bosideng International Holdings Ltd. | 37,285,764 | 10,109 | |
Bank of Communications Co. Ltd. Class A (XSSC) | 13,781,579 | 10,078 | |
China Merchants Securities Co. Ltd. Class A (XSSC) | 3,885,964 | 10,041 | |
Contemporary Amperex Technology Co. Ltd. Class A (XSHE) | 503,200 | 9,987 | |
China Water Affairs Group Ltd. | 13,098,149 | 9,956 | |
China SCE Group Holdings Ltd. | 22,663,301 | 9,939 | |
1 | Sinopec Engineering Group Co. Ltd. Class H | 20,559,564 | 9,857 |
Fuyao Glass Industry Group Co. Ltd. Class A (XSSC) | 3,521,713 | 9,817 | |
Shanghai Industrial Holdings Ltd. | 5,764,289 | 9,807 | |
Huaxia Bank Co. Ltd. Class A (XSSC) | 10,545,550 | 9,758 | |
Fanhua Inc. ADR | 514,368 | 9,737 | |
Changchun High & New Technology Industry Group Inc. Class A (XSHE) | 115,934 | 9,650 | |
NetDragon Websoft Holdings Ltd. | 3,468,138 | 9,591 | |
*,1 | China East Education Holdings Ltd. | 5,969,000 | 9,590 |
Poly Property Group Co. Ltd. | 27,263,038 | 9,542 |
8 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
BOE Technology Group Co. Ltd. Class B | 27,278,943 | 9,504 | |
Digital China Holdings Ltd. | 17,739,894 | 9,467 | |
* | Gigadevice Semiconductor Beijing Inc. Class A (XSSC) | 241,270 | 9,375 |
Lonking Holdings Ltd. | 27,603,868 | 9,353 | |
Inner Mongolia Yitai Coal Co. Ltd. Class B | 15,229,096 | 9,348 | |
Industrial Bank Co. Ltd. Class A (XSHG) | 3,996,701 | 9,336 | |
CRRC Corp. Ltd. Class A (XSSC) | 10,483,035 | 9,121 | |
Luzhou Laojiao Co. Ltd. Class A (XSHE) | 820,599 | 9,100 | |
China Coal Energy Co. Ltd. Class H | 33,456,653 | 8,951 | |
Shenwan Hongyuan Group Co. Ltd. Class A (XSHE) | 14,548,981 | 8,929 | |
Foshan Haitian Flavouring & Food Co. Ltd. Class A (XSSC) | 513,736 | 8,869 | |
China Pacific Insurance Group Co. Ltd. Class A (XSSC) | 2,049,727 | 8,824 | |
Tianneng Power International Ltd. | 9,013,156 | 8,822 | |
Sanan Optoelectronics Co. Ltd. Class A (XSSC) | 2,885,442 | 8,808 | |
China Yangtze Power Co. Ltd. Class A (XSSC) | 3,568,328 | 8,790 | |
Citic Pacific Special Steel Group Co. Ltd. Class A (XSHE) | 3,871,454 | 8,752 | |
Lao Feng Xiang Co. Ltd. Class B | 3,127,520 | 8,692 | |
*,^,1 | Shanghai Junshi Biosciences Co. Ltd. Class H | 1,802,800 | 8,683 |
Yonghui Superstores Co. Ltd. Class A (XSSC) | 6,053,140 | 8,651 | |
*,§,1 | Tianhe Chemicals Group Ltd. | 57,304,542 | 8,648 |
Hollysys Automation Technologies Ltd. | 596,027 | 8,547 | |
China Education Group Holdings Ltd. | 5,086,724 | 8,536 | |
Yunnan Baiyao Group Co. Ltd. Class A (XSHE) | 663,692 | 8,456 | |
Sany Heavy Industry Co. Ltd. Class A (XSHG) | 3,076,413 | 8,446 | |
Daqin Railway Co. Ltd. Class A (XSSC) | 8,141,660 | 8,260 | |
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A (XSHG) | 548,676 | 8,256 | |
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 3,129,825 | 8,189 | |
1 | Qingdao Port International Co. Ltd. Class H | 15,164,915 | 8,160 |
Bank of Beijing Co. Ltd. Class A (XSSC) | 11,613,973 | 8,158 | |
Muyuan Foodstuff Co. Ltd. Class A (XSEC) | 454,827 | 8,142 | |
^ | Metallurgical Corp. of China Ltd. Class H | 46,857,885 | 8,133 |
^ | BBMG Corp. Class H | 32,018,781 | 8,095 |
Hundsun Technologies Inc. Class A (XSSC) | 561,886 | 8,068 | |
Ronshine China Holdings Ltd. | 7,706,808 | 8,067 | |
* | Eve Energy Co. Ltd. Class A | 859,362 | 8,055 |
^ | Sinotrans Ltd. Class H | 32,933,836 | 7,989 |
Jiangsu Hengli Hydraulic Co. Ltd. Class A | 816,340 | 7,961 | |
^,1 | Legend Holdings Corp. Class H | 6,778,914 | 7,933 |
* | Mango Excellent Media Co. Ltd. Class A (XSHE) | 1,220,430 | 7,928 |
Lepu Medical Technology Beijing Co. Ltd. Class A | 1,478,692 | 7,901 | |
* | China Meidong Auto Holdings Ltd. | 4,332,000 | 7,795 |
Health & Happiness H&H International Holdings Ltd. | 2,013,951 | 7,702 | |
BOE Technology Group Co. Ltd. Class A (XSHE) | 14,633,654 | 7,678 | |
Weichai Power Co. Ltd. Class A (XSEC) | 4,072,000 | 7,636 | |
1 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 2,020,382 | 7,619 |
^,1 | Ganfeng Lithium Co. Ltd. Class H | 2,339,000 | 7,600 |
CITIC Securities Co. Ltd. Class A (XSSC) | 2,272,600 | 7,518 | |
^ | Huadian Power International Corp. Ltd. Class H | 21,598,909 | 7,514 |
* | Ever Sunshine Lifestyle Services Group Ltd. | 5,272,000 | 7,465 |
Walvax Biotechnology Co. Ltd. Class A | 1,302,557 | 7,392 | |
^ | Comba Telecom Systems Holdings Ltd. | 18,184,130 | 7,372 |
* | LexinFintech Holdings Ltd. ADR | 873,899 | 7,367 |
* | Tianli Education International Holdings Ltd. | 14,715,000 | 7,360 |
^ | Zhongyu Gas Holdings Ltd. | 8,551,000 | 7,322 |
Shenzhen Kangtai Biological Products Co. Ltd. Class A (XSHE) | 387,600 | 7,254 | |
China Railway Construction Corp. Ltd. Class A (XSSC) | 5,260,177 | 7,206 | |
Fufeng Group Ltd. | 21,022,495 | 7,205 | |
Hangzhou Tigermed Consulting Co. Ltd. Class A | 666,559 | 7,145 | |
Tong Ren Tang Technologies Co. Ltd. Class H | 8,980,132 | 7,115 | |
Yuexiu REIT | 14,415,000 | 7,071 | |
COSCO SHIPPING Development Co. Ltd. Class H | 68,056,529 | 7,036 | |
^ | China International Marine Containers Group Co. Ltd. Class H | 7,880,078 | 6,977 |
Shengyi Technology Co. Ltd. Class A (XSSC) | 1,540,460 | 6,974 | |
*,1 | Hope Education Group Co. Ltd. | 24,740,000 | 6,941 |
9 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
1 | Midea Real Estate Holding Ltd. | 2,700,600 | 6,938 |
Huaxin Cement Co. Ltd. Class A (XSSC) | 1,867,604 | 6,935 | |
Chongqing Changan Automobile Co. Ltd. Class B | 14,299,340 | 6,928 | |
^,1 | Zhou Hei Ya International Holdings Co. Ltd. | 12,281,904 | 6,904 |
SAIC Motor Corp. Ltd. Class A (XSHG) | 2,589,465 | 6,856 | |
Jiayuan International Group Ltd. | 16,233,853 | 6,767 | |
* | Daqo New Energy Corp. ADR | 129,456 | 6,749 |
Yanlord Land Group Ltd. | 9,014,060 | 6,738 | |
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A (XSSC) | 342,406 | 6,733 | |
New Hope Liuhe Co. Ltd. Class A (XSEC) | 1,452,921 | 6,712 | |
*,^ | JinkoSolar Holding Co. Ltd. ADR | 423,847 | 6,705 |
NAURA Technology Group Co. Ltd. Class A (XSHE) | 317,300 | 6,686 | |
New China Life Insurance Co. Ltd. Class A (XSSC) | 1,061,086 | 6,681 | |
* | Maxscend Microelectronics Co. Ltd. Class A | 74,600 | 6,670 |
Shanghai Pudong Development Bank Co. Ltd. Class A (XSHG) | 4,454,177 | 6,669 | |
China Shipbuilding Industry Co. Ltd. Class A (XSSC) | 11,269,852 | 6,614 | |
Shenzhen Inovance Technology Co. Ltd. Class A | 1,434,119 | 6,586 | |
Livzon Pharmaceutical Group Inc. Class A | 1,176,881 | 6,566 | |
Yantai Changyu Pioneer Wine Co. Ltd. Class B | 3,746,559 | 6,563 | |
Sany Heavy Equipment International Holdings Co. Ltd. | 12,208,954 | 6,558 | |
*,1 | China Logistics Property Holdings Co. Ltd. | 17,437,409 | 6,553 |
Baoshan Iron & Steel Co. Ltd. Class A (XSHG) | 9,505,794 | 6,516 | |
Dongyue Group Ltd. | 14,699,339 | 6,512 | |
* | Lifetech Scientific Corp. | 29,343,059 | 6,466 |
PetroChina Co. Ltd. Class A | 10,277,690 | 6,444 | |
* | Lingyi iTech Guangdong Co. Class A (XSHE) | 4,974,800 | 6,434 |
China State Construction Engineering Corp. Ltd. Class A (XSHG) | 8,653,960 | 6,361 | |
^ | China Maple Leaf Educational Systems Ltd. | 21,618,538 | 6,355 |
^ | Skyworth Group Ltd. | 27,649,899 | 6,351 |
* | ZTE Corp. Class A (XSHE) | 1,094,565 | 6,264 |
China Fortune Land Development Co. Ltd. Class A (XSSC) | 1,863,466 | 6,258 | |
Suning.com Co. Ltd. Class A (XSHE) | 5,278,922 | 6,255 | |
NARI Technology Co. Ltd. Class A (XSSC) | 2,210,157 | 6,238 | |
^ | Zhenro Properties Group Ltd. | 9,719,508 | 6,234 |
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A (XSSC) | 1,323,699 | 6,218 | |
Maanshan Iron & Steel Co. Ltd. Class A (XSSC) | 16,815,592 | 6,215 | |
*,^ | Q Technology Group Co. Ltd. | 5,119,424 | 6,125 |
Tsingtao Brewery Co. Ltd. Class A (XSSC) | 821,786 | 6,101 | |
Huadian Fuxin Energy Corp. Ltd. Class H | 34,232,912 | 6,085 | |
Songcheng Performance Development Co. Ltd. Class A | 1,443,362 | 6,057 | |
China Suntien Green Energy Corp. Ltd. Class H | 25,964,823 | 6,047 | |
Shenwan Hongyuan Group Co. Ltd. Class A (XSEC) | 9,800,674 | 6,015 | |
Bank of Nanjing Co. Ltd. Class A (XSSC) | 5,547,868 | 6,009 | |
* | Inspur Electronic Information Industry Co. Ltd. Class A (XSHE) | 1,021,310 | 5,970 |
^ | Datang International Power Generation Co. Ltd. Class H | 41,234,046 | 5,965 |
China Shenhua Energy Co. Ltd. Class A (XSSC) | 2,648,248 | 5,950 | |
1 | Red Star Macalline Group Corp. Ltd. Class H | 9,349,264 | 5,938 |
Guotai Junan Securities Co. Ltd. Class A (XSSC) | 2,499,568 | 5,917 | |
Everbright Securities Co. Ltd. Class A (XSSC) | 3,781,910 | 5,913 | |
Zijin Mining Group Co. Ltd. Class A (XSSC) | 10,753,100 | 5,882 | |
Seazen Holdings Co. Ltd. Class A | 1,325,573 | 5,882 | |
Luxshare Precision Industry Co. Ltd. Class A (XSEC) | 884,086 | 5,830 | |
Shanghai International Airport Co. Ltd. Class A (XSHG) | 587,126 | 5,823 | |
Focus Media Information Technology Co. Ltd. | 8,573,431 | 5,814 | |
Xtep International Holdings Ltd. | 15,124,291 | 5,809 | |
Jiangxi Bank Co. Ltd. Class H | 13,075,000 | 5,789 | |
Yuexiu Transport Infrastructure Ltd. | 8,234,501 | 5,748 | |
Tsingtao Brewery Co. Ltd. Class A (XSHG) | 773,551 | 5,743 | |
^ | Angang Steel Co. Ltd. Class H | 21,294,652 | 5,741 |
Weichai Power Co. Ltd. Class A (XSHE) | 3,047,078 | 5,714 | |
Shougang Concord International Enterprises Co. Ltd. | 29,683,212 | 5,707 | |
Huaxin Cement Co. Ltd. Class B | 3,367,634 | 5,693 | |
^ | Sihuan Pharmaceutical Holdings Group Ltd. | 56,738,595 | 5,630 |
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A (XSHE) | 1,106,667 | 5,617 |
10 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Wens Foodstuffs Group Co. Ltd. | 1,318,619 | 5,606 | |
Foshan Haitian Flavouring & Food Co. Ltd. Class A (XSHG) | 324,216 | 5,597 | |
West China Cement Ltd. | 31,118,438 | 5,546 | |
*,^ | China Tobacco International HK Co. Ltd. | 2,838,000 | 5,539 |
Guangdong Haid Group Co. Ltd. Class A (XSHE) | 907,167 | 5,532 | |
*,§ | SMI Holdings Group Ltd. | 18,314,748 | 5,528 |
Shenzhen Overseas Chinese Town Co. Ltd. Class A (XSHE) | 6,006,721 | 5,510 | |
Greatview Aseptic Packaging Co. Ltd. | 14,932,219 | 5,503 | |
* | Inner Mongolia Yili Industrial Group Co. Ltd. Class A (XSHG) | 1,340,562 | 5,497 |
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A (XSEC) | 396,209 | 5,491 | |
1 | Redco Properties Group Ltd. | 11,579,640 | 5,431 |
* | TCL Corp. Class A (XSHE) | 8,341,322 | 5,401 |
Glodon Co. Ltd. Class A (XSHE) | 732,431 | 5,380 | |
CSG Holding Co. Ltd. Class B | 19,177,013 | 5,379 | |
Gemdale Corp. Class A (XSSC) | 2,836,608 | 5,333 | |
Huayu Automotive Systems Co. Ltd. Class A (XSSC) | 1,864,016 | 5,308 | |
* | SG Micro Corp. Class A | 119,064 | 5,287 |
China International Travel Service Corp. Ltd. Class A (XSSC) | 411,498 | 5,275 | |
Hualan Biological Engineering Inc. Class A (XSHE) | 961,975 | 5,267 | |
* | Hanergy Thin Film Power Group Ltd. | 206,154,000 | 5,262 |
NARI Technology Co. Ltd. Class A (XSHG) | 1,863,373 | 5,259 | |
Founder Securities Co. Ltd. Class A (XSSC) | 5,259,513 | 5,237 | |
* | Alibaba Group Holding Ltd. | 206,200 | 5,233 |
GoerTek Inc. Class A (XSHE) | 1,938,204 | 5,225 | |
China Shipbuilding Industry Co. Ltd. Class A (XSHG) | 8,880,500 | 5,211 | |
1 | Genertec Universal Medical Group Co. Ltd. | 8,552,668 | 5,201 |
GF Securities Co. Ltd. Class A (XSEC) | 2,706,800 | 5,189 | |
China National Nuclear Power Co. Ltd. Class A (XSHG) | 8,479,747 | 5,183 | |
Chaozhou Three-Circle Group Co. Ltd. Class A | 1,777,408 | 5,174 | |
Luzhou Laojiao Co. Ltd. Class A (XSEC) | 464,200 | 5,147 | |
Skyfame Realty Holdings Ltd. | 38,889,804 | 5,129 | |
Shandong Chenming Paper Holdings Ltd. Class B | 13,176,446 | 5,086 | |
Perfect World Co. Ltd. Class A | 766,083 | 5,084 | |
Tianshui Huatian Technology Co. Ltd. Class A | 2,785,119 | 5,059 | |
*,^ | GCL-Poly Energy Holdings Ltd. | 177,672,171 | 5,057 |
Dazhong Transportation Group Co. Ltd. Class B | 14,283,108 | 5,056 | |
Yealink Network Technology Corp. Ltd. Class A (XSHE) | 394,600 | 5,011 | |
* | DouYu International Holdings Ltd. ADR | 659,927 | 5,009 |
Livzon Pharmaceutical Group Inc. Class H | 1,102,653 | 4,914 | |
^ | China Tian Lun Gas Holdings Ltd. | 6,267,500 | 4,912 |
China United Network Communications Ltd. Class A (XSHG) | 6,641,000 | 4,871 | |
Iflytek Co. Ltd. Class A (XSHE) | 1,044,759 | 4,849 | |
China Merchants Energy Shipping Co. Ltd. Class A (XSHG) | 5,071,669 | 4,839 | |
Ganfeng Lithium Co. Ltd. Class A (XSHE) | 751,350 | 4,820 | |
Winning Health Technology Group Co. Ltd. Class A | 1,344,114 | 4,800 | |
Weifu High-Technology Group Co. Ltd. Class B | 2,812,799 | 4,793 | |
^ | China Zhongwang Holdings Ltd. | 19,879,819 | 4,779 |
Shanghai Jinjiang International Hotels Co. Ltd. Class B | 3,274,274 | 4,761 | |
Poly Developments and Holdings Group Co. Ltd. Class A (XSHG) | 2,095,452 | 4,757 | |
*,1 | Meitu Inc. | 26,053,436 | 4,733 |
* | Aluminum Corp. of China Ltd. Class A | 11,775,400 | 4,730 |
* | Bitauto Holdings Ltd. ADR | 387,476 | 4,712 |
Bank of Beijing Co. Ltd. Class A (XSHG) | 6,704,962 | 4,710 | |
^ | Tiangong International Co. Ltd. | 14,793,224 | 4,708 |
*,^ | Leyou Technologies Holdings Ltd. | 15,680,765 | 4,675 |
BYD Co. Ltd. Class A (XSEC) | 554,238 | 4,636 | |
Foxconn Industrial Internet Co. Ltd. Class A (XSHG) | 2,246,400 | 4,627 | |
SDIC Power Holdings Co. Ltd. Class A (XSSC) | 4,255,859 | 4,617 | |
^,1 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 2,481,159 | 4,616 |
Hangzhou Steam Turbine Co. Ltd. Class B | 4,722,804 | 4,597 | |
Baoshan Iron & Steel Co. Ltd. Class A (XSSC) | 6,695,484 | 4,590 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A (XSHE) | 1,492,934 | 4,576 | |
Zhejiang Supor Co. Ltd. Class A | 492,919 | 4,573 | |
Aisino Corp. Class A | 1,899,313 | 4,570 |
11 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Shaanxi Coal Industry Co. Ltd. Class A (XSHG) | 4,300,834 | 4,569 | |
Anhui Conch Cement Co. Ltd. Class A (XSHG) | 544,000 | 4,561 | |
Sinopec Kantons Holdings Ltd. | 10,312,976 | 4,558 | |
* | Tianfeng Securities Co. Ltd. Class A | 5,963,360 | 4,557 |
*,^,1 | Maoyan Entertainment | 3,379,400 | 4,557 |
O-Net Technologies Group Ltd. | 7,313,238 | 4,543 | |
Hengli Petrochemical Co. Ltd. Class A (XSHG) | 2,292,550 | 4,534 | |
* | Topchoice Medical Investment Corp. Class A (XSHG) | 263,079 | 4,525 |
Iflytek Co. Ltd. Class A (XSEC) | 974,150 | 4,521 | |
Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 17,644,295 | 4,521 | |
*,1 | CStone Pharmaceuticals | 4,393,500 | 4,512 |
Venustech Group Inc. Class A (XSHE) | 779,436 | 4,478 | |
Hithink RoyalFlush Information Network Co. Ltd. Class A | 269,959 | 4,475 | |
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 4,882,981 | 4,467 | |
Bank of Ningbo Co. Ltd. Class A (XSEC) | 1,215,400 | 4,440 | |
East Money Information Co. Ltd. | 1,744,257 | 4,439 | |
* | NanJi E-Commerce Co. Ltd. Class A | 2,307,043 | 4,433 |
WUS Printed Circuit Kunshan Co. Ltd. Class A (XSHE) | 1,164,076 | 4,351 | |
^ | PAX Global Technology Ltd. | 10,190,436 | 4,344 |
* | Oshidori International Holdings Ltd. | 55,356,783 | 4,331 |
Jinchuan Group International Resources Co. Ltd. | 61,247,000 | 4,315 | |
Lomon Billions Group Co. Ltd. Class A | 1,848,707 | 4,313 | |
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A (XSSC) | 993,691 | 4,310 | |
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. Class A (XSHE) | 793,693 | 4,284 | |
1 | Yadea Group Holdings Ltd. | 11,482,000 | 4,272 |
Bank of Shanghai Co. Ltd. Class A (XSSC) | 3,686,275 | 4,249 | |
China National Software & Service Co. Ltd. Class A (XSSC) | 367,034 | 4,227 | |
Hisense Home Appliances Group Co. Ltd. Class A (XSHE) | 3,144,827 | 4,214 | |
Guangdong Provincial Expressway Development Co. Ltd. Class B | 6,443,737 | 4,197 | |
GRG Banking Equipment Co. Ltd. Class A | 2,300,350 | 4,190 | |
Industrial Securities Co. Ltd. Class A (XSSC) | 4,941,465 | 4,172 | |
Avary Holding Shenzhen Co. Ltd. Class A | 718,384 | 4,167 | |
Beijing Capital Land Ltd. Class H | 18,552,464 | 4,159 | |
*,^ | Noah Holdings Ltd. ADR | 149,238 | 4,143 |
China Minsheng Banking Corp. Ltd. Class A (XSSC) | 4,948,738 | 4,112 | |
China Resources Medical Holdings Co. Ltd. | 8,094,289 | 4,112 | |
China Greatwall Technology Group Co. Ltd. Class A (XSHE) | 2,462,488 | 4,082 | |
Jinke Properties Group Co. Ltd. Class A (XSHE) | 3,657,625 | 4,079 | |
Shanghai Mechanical and Electrical Industry Co. Ltd. Class B | 3,716,031 | 4,062 | |
Greenland Hong Kong Holdings Ltd. | 10,853,314 | 4,044 | |
Yango Group Co. Ltd. Class A | 4,124,783 | 4,035 | |
China National Accord Medicines Corp. Ltd. Class B | 1,480,387 | 4,024 | |
Shanghai International Port Group Co. Ltd. Class A (XSSC) | 6,840,034 | 4,016 | |
Yonyou Network Technology Co. Ltd. Class A (XSHG) | 613,955 | 3,983 | |
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 974,679 | 3,974 | |
Fantasia Holdings Group Co. Ltd. | 20,592,520 | 3,972 | |
* | Dawning Information Industry Co. Ltd. Class A (XSSC) | 586,214 | 3,967 |
Haitong Securities Co. Ltd. Class A (XSSC) | 2,204,117 | 3,965 | |
Guangdong Haid Group Co. Ltd. Class A (XSEC) | 648,859 | 3,957 | |
Zhejiang Longsheng Group Co. Ltd. Class A (XSSC) | 2,332,150 | 3,952 | |
Inner Mongolia Eerduosi Resources Co. Ltd. Class B | 4,999,257 | 3,952 | |
China Dongxiang Group Co. Ltd. | 47,403,360 | 3,952 | |
Inner Mongolia BaoTou Steel Union Co. Ltd. Class A (XSSC) | 25,906,625 | 3,950 | |
Beijing Enlight Media Co. Ltd. Class A | 2,631,203 | 3,929 | |
Zhejiang Huayou Cobalt Co. Ltd. Class A (XSHG) | 820,437 | 3,925 | |
Centre Testing International Group Co. Ltd. Class A | 1,641,012 | 3,924 | |
Yunnan Baiyao Group Co. Ltd. Class A (XSEC) | 307,393 | 3,917 | |
TCL Electronics Holdings Ltd. | 9,568,329 | 3,906 | |
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 1,194,292 | 3,889 | |
Wuhan Guide Infrared Co. Ltd. Class A (XSHE) | 673,458 | 3,886 | |
Guosen Securities Co. Ltd. Class A (XSHE) | 2,592,241 | 3,874 | |
* | AVIC Shenyang Aircraft Co. Ltd. Class A (XSHG) | 822,090 | 3,872 |
Huadong Medicine Co. Ltd. Class A (XSHE) | 1,382,447 | 3,867 | |
DHC Software Co. Ltd. Class A (XSHE) | 2,032,100 | 3,866 |
12 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A (XSEC) | 1,259,269 | 3,860 | |
Central China Real Estate Ltd. | 7,560,000 | 3,854 | |
Jafron Biomedical Co. Ltd. Class A (XSHE) | 246,100 | 3,844 | |
Zhejiang NHU Co. Ltd. Class A (XSHE) | 997,477 | 3,825 | |
AVIC Aircraft Co. Ltd. Class A (XSHE) | 1,540,402 | 3,813 | |
Beijing Shunxin Agriculture Co. Ltd. Class A (XSHE) | 499,354 | 3,811 | |
China BlueChemical Ltd. Class H | 25,488,568 | 3,804 | |
Beijing Originwater Technology Co. Ltd. Class A | 2,833,918 | 3,785 | |
Beijing Jingneng Clean Energy Co. Ltd. Class H | 21,951,531 | 3,770 | |
Guangzhou Baiyun International Airport Co. Ltd. Class A (XSHG) | 1,671,947 | 3,720 | |
Bank of Changsha Co. Ltd. Class A | 3,355,488 | 3,713 | |
* | Zhejiang Dahua Technology Co. Ltd. Class A (XSHE) | 1,574,692 | 3,712 |
Bank of Communications Co. Ltd. Class A (XSHG) | 5,057,900 | 3,699 | |
Daqin Railway Co. Ltd. Class A (XSHG) | 3,643,120 | 3,696 | |
Guangshen Railway Co. Ltd. Class H | 17,445,093 | 3,691 | |
Beijing Thunisoft Corp. Ltd. Class A | 982,620 | 3,669 | |
*,1 | China Metal Resources Utilization Ltd. | 9,657,587 | 3,651 |
Yunnan Energy New Material Co. Ltd. (XSHE) | 481,035 | 3,647 | |
^ | E-House China Enterprise Holdings Ltd. | 4,089,900 | 3,646 |
Shenzhen Goodix Technology Co. Ltd. Class A (XSHG) | 110,147 | 3,640 | |
Fiberhome Telecommunication Technologies Co. Ltd. Class A (XSSC) | 814,438 | 3,638 | |
Avic Capital Co. Ltd. Class A (XSSC) | 6,595,045 | 3,633 | |
Chongqing Fuling Zhacai Group Co. Ltd. Class A | 778,459 | 3,632 | |
LONGi Green Energy Technology Co. Ltd. Class A (XSHG) | 838,292 | 3,627 | |
BOE Technology Group Co. Ltd. Class A (XSEC) | 6,862,400 | 3,601 | |
* | Sohu.com Ltd. ADR | 428,865 | 3,598 |
Youngor Group Co. Ltd. Class A (XSSC) | 3,879,472 | 3,598 | |
* | Zhongliang Holdings Group Co. Ltd. | 4,923,000 | 3,590 |
Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 7,769,490 | 3,580 | |
*,^ | Qutoutiao Inc. ADR | 1,452,709 | 3,574 |
Guangdong Electric Power Development Co. Ltd. Class B | 13,088,628 | 3,572 | |
China Foods Ltd. | 10,837,153 | 3,571 | |
AECC Aviation Power Co. Ltd. Class A (XSSC) | 1,025,966 | 3,569 | |
China Railway Group Ltd. Class A (XSSC) | 4,332,414 | 3,567 | |
Chongqing Brewery Co. Ltd. Class A | 464,151 | 3,561 | |
Contemporary Amperex Technology Co. Ltd. Class A (XSEC) | 178,885 | 3,550 | |
Guangzhou Wondfo Biotech Co. Ltd. Class A | 314,168 | 3,533 | |
* | Zhuguang Holdings Group Co. Ltd. | 24,506,000 | 3,533 |
Bank of Chongqing Co. Ltd. Class H | 6,590,566 | 3,531 | |
China Great Wall Securities Co. Ltd. Class A | 2,125,000 | 3,529 | |
Beijing Shiji Information Technology Co. Ltd. Class A (XSHE) | 821,807 | 3,529 | |
China Everbright Bank Co. Ltd. Class A (XSHG) | 6,695,800 | 3,523 | |
* | SF Holding Co. Ltd. Class A (XSEC) | 536,605 | 3,509 |
China Molybdenum Co. Ltd. Class A (XSSC) | 7,180,411 | 3,504 | |
* | Guocheng Mining Co. Ltd. | 1,433,400 | 3,495 |
^ | CMBC Capital Holdings Ltd. | 224,463,412 | 3,493 |
* | Ingenic Semiconductor Co. Ltd. Class A | 267,116 | 3,475 |
Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A (XSHG) | 356,490 | 3,469 | |
Hithink RoyalFlush Information Network Co. Ltd. | 208,328 | 3,453 | |
Yunda Holding Co. Ltd. Class A (XSHE) | 826,310 | 3,441 | |
Bank of Guiyang Co. Ltd. Class A | 3,086,927 | 3,435 | |
* | Will Semiconductor Ltd. Class A (XSSC) | 126,100 | 3,423 |
Sichuan Expressway Co. Ltd. Class H | 13,262,276 | 3,410 | |
China Vanke Co. Ltd. Class A (XSEC) | 907,599 | 3,406 | |
Meinian Onehealth Healthcare Holdings Co. Ltd. Class A (XSHE) | 2,113,886 | 3,401 | |
* | Times Neighborhood Holdings Ltd. | 3,980,032 | 3,389 |
^ | LVGEM China Real Estate Investment Co. Ltd. | 11,720,000 | 3,387 |
Beijing Dabeinong Technology Group Co. Ltd. Class A (XSHE) | 2,655,387 | 3,387 | |
Focus Media Information Technology Co. Ltd. Class A | 4,988,517 | 3,383 | |
China South City Holdings Ltd. | 35,207,258 | 3,380 | |
WuXi AppTec Co. Ltd. Class A (XSHG) | 238,804 | 3,376 | |
CRRC Corp. Ltd. Class A (XSHG) | 3,879,500 | 3,375 | |
Suning.com Co. Ltd. Class A (XSEC) | 2,844,970 | 3,371 | |
* | OFILM Group Co. Ltd. Class A (XSHE) | 1,589,325 | 3,366 |
13 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Texhong Textile Group Ltd. | 4,653,469 | 3,347 | |
Tongwei Co. Ltd. Class A (XSSC) | 1,586,122 | 3,342 | |
Changjiang Securities Co. Ltd. Class A (XSHE) | 3,752,924 | 3,339 | |
China Enterprise Co. Ltd. Class A | 5,568,635 | 3,329 | |
^ | Tongda Group Holdings Ltd. | 51,771,919 | 3,328 |
Shanghai Electric Group Co. Ltd. Class A (XSHG) | 4,865,893 | 3,326 | |
Gigadevice Semiconductor Beijing Inc. Class A (XSHG) | 85,260 | 3,313 | |
China Grand Automotive Services Co. Ltd. Class A (XSSC) | 6,816,940 | 3,313 | |
Shandong Pharmaceutical Glass Co. Ltd. Class A | 626,332 | 3,309 | |
Greenland Holdings Corp. Ltd. Class A (XSHG) | 4,164,281 | 3,307 | |
Hangzhou Iron & Steel Co. Class A | 2,968,486 | 3,305 | |
China Northern Rare Earth Group High-Tech Co. Ltd. Class A (XSSC) | 2,582,740 | 3,300 | |
Hangzhou Robam Appliances Co. Ltd. Class A (XSHE) | 731,804 | 3,265 | |
* | Shennan Circuits Co. Ltd. Class A | 101,298 | 3,262 |
RiseSun Real Estate Development Co. Ltd. Class A (XSHE) | 2,871,785 | 3,259 | |
Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 1,194,312 | 3,253 | |
Jiajiayue Group Co. Ltd. Class A | 661,892 | 3,247 | |
Unigroup Guoxin Microelectronics Co. Ltd. Class A (XSHE) | 374,793 | 3,219 | |
Shanghai Bairun Investment Holding Group Co. Ltd. Class A | 581,853 | 3,206 | |
* | Wise Talent Information Technology Co. Ltd. | 1,490,600 | 3,199 |
China Spacesat Co. Ltd. Class A (XSSC) | 692,397 | 3,194 | |
Power Construction Corp. of China Ltd. Class A (XSSC) | 6,352,008 | 3,192 | |
Guangdong Hongda Blasting Co. Ltd. Class A | 759,658 | 3,184 | |
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 3,602,186 | 3,174 | |
China CSSC Holdings Ltd. Class A | 1,204,700 | 3,170 | |
Beijing New Building Materials plc Class A (XSEC) | 884,097 | 3,166 | |
Xingda International Holdings Ltd. | 13,284,093 | 3,162 | |
Jiangxi Zhengbang Technology Co. Ltd. Class A (XSHE) | 1,210,308 | 3,157 | |
*,^,§ | Luckin Coffee Inc. ADR | 718,900 | 3,156 |
Heilongjiang Agriculture Co. Ltd. Class A | 1,312,371 | 3,153 | |
Tianjin Teda Co. Ltd. Class A | 2,999,443 | 3,150 | |
Tianjin Zhonghuan Semiconductor Co. Ltd. Class A (XSEC) | 1,303,500 | 3,144 | |
CITIC Securities Co. Ltd. Class A (XSHG) | 945,400 | 3,128 | |
Air China Ltd. Class A (XSHG) | 3,077,214 | 3,123 | |
Hualan Biological Engineering Inc. Class A (XSEC) | 569,078 | 3,116 | |
Yonghui Superstores Co. Ltd. Class A (XSHG) | 2,177,795 | 3,113 | |
* | Nanyang Topsec Technologies Group Inc. Class A (XSHE) | 879,332 | 3,110 |
Beijing E-Hualu Information Technology Co. Ltd. Class A | 465,537 | 3,108 | |
China High Speed Transmission Equipment Group Co. Ltd. | 4,903,934 | 3,108 | |
Shenzhen Kangtai Biological Products Co. Ltd. Class A (XSEC) | 165,600 | 3,099 | |
Dongfang Electric Corp. Ltd. Class H | 5,763,613 | 3,083 | |
Hengtong Optic-electric Co. Ltd. Class A (XSSC) | 1,309,305 | 3,071 | |
Anhui Expressway Co. Ltd. Class H | 5,958,097 | 3,071 | |
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A (XSHG) | 155,775 | 3,063 | |
Eastern Communications Co. Ltd. Class A (XSSC) | 1,312,062 | 3,062 | |
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 421,687 | 3,062 | |
* | Foxconn Industrial Internet Co. Ltd. Class A (XSSC) | 1,486,400 | 3,062 |
Apeloa Pharmaceutical Co. Ltd. Class A | 1,222,121 | 3,052 | |
* | China Fangda Group Co. Ltd. Class B | 7,836,783 | 3,038 |
Concord New Energy Group Ltd. | 74,664,071 | 3,034 | |
China XD Electric Co. Ltd. Class A (XSSC) | 3,641,107 | 3,032 | |
* | Hongta Securities Co. Ltd. Class A | 1,116,900 | 3,019 |
Joyoung Co. Ltd. Class A | 682,392 | 3,019 | |
Wonders Information Co. Ltd. Class A | 991,800 | 3,017 | |
Tianjin Zhonghuan Semiconductor Co. Ltd. Class A (XSHE) | 1,248,400 | 3,011 | |
Dongjiang Environmental Co. Ltd. Class A (XSHE) | 2,163,866 | 3,007 | |
Ovctek China Inc. Class A | 326,020 | 3,006 | |
Bank of Jiangsu Co. Ltd. Class A | 3,524,913 | 3,005 | |
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A | 804,713 | 3,003 | |
^ | CIMC Enric Holdings Ltd. | 6,455,019 | 3,002 |
Lens Technology Co. Ltd. Class A | 1,191,354 | 3,000 | |
Dongxing Securities Co. Ltd. Class A (XSHG) | 1,987,701 | 2,981 | |
Zhejiang NHU Co. Ltd. Class A (XSEC) | 777,100 | 2,980 | |
Chacha Food Co. Ltd. Class A | 440,621 | 2,979 |
14 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
*,1 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 611,400 | 2,977 |
Consun Pharmaceutical Group Ltd. | 5,818,000 | 2,974 | |
Beijing Yanjing Brewery Co. Ltd. Class A | 3,536,580 | 2,971 | |
Sunwoda Electronic Co. Ltd. Class A | 1,475,780 | 2,959 | |
JNBY Design Ltd. | 3,070,000 | 2,958 | |
* | Siasun Robot & Automation Co. Ltd. Class A | 1,599,651 | 2,956 |
Shanghai Pret Composites Co. Ltd. Class A (XSHE) | 1,592,585 | 2,956 | |
Zhongshan Public Utilities Group Co. Ltd. Class A | 2,683,836 | 2,955 | |
* | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 365,160 | 2,955 |
China Shineway Pharmaceutical Group Ltd. | 3,966,885 | 2,940 | |
AECC Aviation Power Co. Ltd. Class A (XSHG) | 844,113 | 2,936 | |
* | Jiangsu Changjiang Electronics Technology Co. Ltd. Class A (XSHG) | 832,300 | 2,931 |
* | So-Young International Inc. ADR | 281,230 | 2,916 |
Yintai Gold Co. Ltd. Class A (XSHE) | 1,269,038 | 2,913 | |
Unisplendour Corp. Ltd. Class A (XSHE) | 495,212 | 2,900 | |
Beijing Vantone Real Estate Co. Ltd. Class A | 2,640,410 | 2,891 | |
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A (XSSC) | 191,900 | 2,888 | |
Seazen Holdings Co. Ltd. | 648,900 | 2,879 | |
Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A | 3,570,505 | 2,873 | |
Wisdom Education International Holdings Co. Ltd. | 6,868,000 | 2,870 | |
Huaxia Bank Co. Ltd. Class A (XSHG) | 3,088,291 | 2,858 | |
Tianma Microelectronics Co. Ltd. Class A (XSHE) | 1,438,805 | 2,856 | |
Xinhua Winshare Publishing and Media Co. Ltd. Class A (XSHG) | 1,796,153 | 2,852 | |
Beijing Tiantan Biological Products Corp. Ltd. Class A (XSSC) | 595,526 | 2,849 | |
Jiangsu King's Luck Brewery JSC Ltd. Class A (XSSC) | 621,615 | 2,847 | |
* | Harbin Electric Co. Ltd. Class H | 10,267,875 | 2,842 |
* | Henan Shuanghui Investment & Development Co. Ltd. Class A (XSEC) | 498,309 | 2,833 |
Wuxi Taiji Industry Co. Ltd. Class A (XSSC) | 1,877,931 | 2,826 | |
Sinolink Securities Co. Ltd. Class A (XSSC) | 2,076,100 | 2,816 | |
Shandong Nanshan Aluminum Co. Ltd. Class A | 9,539,913 | 2,813 | |
Oriental Pearl Group Co. Ltd. Class A (XSSC) | 2,210,945 | 2,802 | |
C&S Paper Co. Ltd. Class A | 1,152,090 | 2,796 | |
Wasion Holdings Ltd. | 8,152,867 | 2,792 | |
NavInfo Co. Ltd. Class A (XSHE) | 1,363,200 | 2,792 | |
Qingdao TGOOD Electric Co. Ltd. Class A | 1,032,916 | 2,787 | |
Jointown Pharmaceutical Group Co. Ltd. Class A (XSSC) | 1,102,695 | 2,780 | |
* | Zhejiang Dahua Technology Co. Ltd. Class A (XSEC) | 1,178,121 | 2,778 |
Shanghai Kinetic Medical Co. Ltd. Class A | 830,843 | 2,772 | |
FinVolution Group | 1,441,588 | 2,768 | |
Shengyi Technology Co. Ltd. Class A (XSHG) | 611,018 | 2,766 | |
* | Shanghai Milkground Food Tech Co. Ltd. Class A | 730,743 | 2,762 |
China Merchants Property Operation & Service Co. Ltd. | 744,416 | 2,739 | |
Xinhu Zhongbao Co. Ltd. Class A (XSSC) | 6,233,554 | 2,738 | |
STO Express Co. Ltd. Class A (XSHE) | 1,175,776 | 2,728 | |
Shenzhen Kaifa Technology Co. Ltd. Class A (XSHE) | 958,400 | 2,715 | |
Beijing Tongrentang Co. Ltd. Class A (XSSC) | 749,394 | 2,715 | |
* | Hi Sun Technology China Ltd. | 23,991,186 | 2,713 |
Sanquan Food Co. Ltd. Class A | 896,000 | 2,706 | |
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A (XSHG) | 194,117 | 2,703 | |
Huaneng Power International Inc. Class A (XSSC) | 4,530,197 | 2,698 | |
AVIC Jonhon Optronic Technology Co. Ltd. Class A (XSHE) | 535,506 | 2,695 | |
Sanan Optoelectronics Co. Ltd. Class A (XSHG) | 882,400 | 2,694 | |
Anhui Gujing Distillery Co. Ltd. Class A | 142,240 | 2,692 | |
* | Ningbo Joyson Electronic Corp. Class A (XSHG) | 955,826 | 2,692 |
Shanghai Haixin Group Co. Class B | 8,339,163 | 2,680 | |
Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 2,973,591 | 2,679 | |
China Railway Group Ltd. Class A (XSHG) | 3,248,829 | 2,675 | |
Zhongjin Gold Corp. Ltd. Class A (XSSC) | 2,260,033 | 2,674 | |
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A (XSSC) | 403,525 | 2,674 | |
*,^ | CAR Inc. | 9,159,796 | 2,666 |
SDIC Capital Co. Ltd. Class A (XSSC) | 1,594,700 | 2,663 | |
Shandong Linglong Tyre Co. Ltd. Class A | 873,391 | 2,661 | |
China Machinery Engineering Corp. Class H | 9,655,261 | 2,649 | |
Shenergy Co. Ltd. Class A (XSHG) | 3,536,068 | 2,645 |
15 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Joincare Pharmaceutical Group Industry Co. Ltd. Class A (XSSC) | 1,508,941 | 2,643 | |
* | Shandong Sinocera Functional Material Co. Ltd. Class A | 818,200 | 2,641 |
BBMG Corp. Class A (XSSC) | 5,819,679 | 2,640 | |
XCMG Construction Machinery Co. Ltd. Class A (XSEC) | 3,382,000 | 2,630 | |
Guoyuan Securities Co. Ltd. Class A (XSHE) | 2,299,571 | 2,625 | |
Sangfor Technologies Inc. Class A (XSHE) | 97,182 | 2,621 | |
Bank of Hangzhou Co. Ltd. Class A | 2,246,628 | 2,617 | |
Shanghai Jin Jiang Capital Co. Ltd. Class H | 14,717,780 | 2,616 | |
*,^ | CSSC Offshore and Marine Engineering Group Co. Ltd. Class H | 4,146,581 | 2,616 |
Shenzhen Yinghe Technology Co. Ltd. Class A | 438,507 | 2,613 | |
* | Shenzhen Sunway Communication Co. Ltd. Class A | 455,625 | 2,611 |
Tianqi Lithium Corp. Class A (XSHE) | 1,134,687 | 2,611 | |
China Jushi Co. Ltd. Class A (XSSC) | 2,116,883 | 2,609 | |
Jinyu Bio-Technology Co. Ltd. Class A (XSSC) | 778,654 | 2,598 | |
China Lilang Ltd. | 4,219,865 | 2,586 | |
Guangdong No 2 Hydropower Engineering Co. Ltd. Class A | 6,032,274 | 2,579 | |
*,^ | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 3,732,000 | 2,573 |
Chaowei Power Holdings Ltd. | 8,967,924 | 2,569 | |
Chengdu Xingrong Environment Co. Ltd. Class A | 3,764,100 | 2,568 | |
* | Shenzhen Sunway Communication Co. Ltd. | 447,624 | 2,566 |
Shanghai Bailian Group Co. Ltd. Class B | 3,653,716 | 2,566 | |
Oriental Energy Co. Ltd. Class A | 1,898,521 | 2,554 | |
* | China Satellite Communications Co. Ltd. Class A (XSHG) | 1,064,700 | 2,552 |
Asymchem Laboratories Tianjin Co. Ltd. Class A (XSHE) | 96,376 | 2,538 | |
Angel Yeast Co. Ltd. Class A (XSHG) | 484,793 | 2,531 | |
*,^ | HengTen Networks Group Ltd. | 266,567,107 | 2,502 |
Zhongji Innolight Co. Ltd. Class A (XSHE) | 275,337 | 2,494 | |
Xiamen Xiangyu Co. Ltd. Class A | 3,075,028 | 2,486 | |
Ningbo Zhoushan Port Co. Ltd. Class A (XSSC) | 5,301,983 | 2,485 | |
Boya Bio-pharmaceutical Group Co. Ltd. Class A | 568,500 | 2,484 | |
CNHTC Jinan Truck Co. Ltd. Class A | 711,242 | 2,477 | |
Infore Environment Technology Group Co. Ltd. Class A | 2,836,726 | 2,473 | |
Longshine Technology Group Co. Ltd. Class A | 611,750 | 2,466 | |
* | Sinopec Oilfield Service Corp. Class A | 9,301,900 | 2,462 |
Shenzhen Airport Co. Ltd. Class A | 2,122,284 | 2,459 | |
Shanghai Industrial Urban Development Group Ltd. | 24,938,105 | 2,458 | |
Shandong Airlines Co. Ltd. Class B | 2,960,917 | 2,454 | |
GoerTek Inc. Class A (XSEC) | 910,028 | 2,453 | |
Sichuan Chuantou Energy Co. Ltd. Class A (XSHG) | 1,933,716 | 2,453 | |
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A (XSHE) | 498,915 | 2,447 | |
Bright Dairy & Food Co. Ltd. Class A (XSSC) | 1,410,000 | 2,445 | |
Sichuan Chuantou Energy Co. Ltd. Class A (XSSC) | 1,925,161 | 2,442 | |
Central China Securities Co. Ltd. Class H | 15,508,324 | 2,439 | |
* | Liaoning Cheng Da Co. Ltd. Class A (XSSC) | 985,220 | 2,435 |
Jiangsu Yoke Technology Co. Ltd. Class A | 419,500 | 2,433 | |
Jiangxi Ganyue Expressway Co. Ltd. Class A (XSSC) | 4,762,342 | 2,431 | |
Unisplendour Corp. Ltd. Class A (XSEC) | 414,876 | 2,429 | |
Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 949,057 | 2,424 | |
* | Jiangsu Changjiang Electronics Technology Co. Ltd. Class A (XSSC) | 688,244 | 2,424 |
Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 1,294,950 | 2,423 | |
*,§ | China Huiyuan Juice Group Ltd. | 9,298,137 | 2,423 |
Shenzhen Capchem Technology Co. Ltd. Class A | 415,900 | 2,420 | |
* | China First Heavy Industries Class A | 6,098,075 | 2,412 |
Tangshan Jidong Cement Co. Ltd. Class A (XSHE) | 851,877 | 2,407 | |
360 Security Technology Inc. Class A (XSHG) | 923,000 | 2,404 | |
Beijing North Star Co. Ltd. Class H | 9,891,813 | 2,403 | |
Jiangsu Zhongnan Construction Group Co. Ltd. Class A (XSHE) | 2,118,077 | 2,402 | |
Huayu Automotive Systems Co. Ltd. Class A (XSHG) | 842,877 | 2,400 | |
* | Proya Cosmetics Co. Ltd. Class A | 132,800 | 2,399 |
Guangdong Fenghua Advanced Technology Holding Co. Ltd. Class A | 852,495 | 2,392 | |
AVIC Electromechanical Systems Co. Ltd. Class A (XSHE) | 2,057,022 | 2,392 | |
* | China Wafer Level CSP Co. Ltd. Class A (XSHG) | 169,400 | 2,389 |
*,^,1 | Yixin Group Ltd. | 14,034,000 | 2,388 |
*,^,1 | Ascletis Pharma Inc. | 6,654,000 | 2,387 |
16 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hongfa Technology Co. Ltd. Class A (XSHG) | 520,834 | 2,382 | |
Han's Laser Technology Industry Group Co. Ltd. Class A (XSEC) | 562,423 | 2,382 | |
Tecon Biology Co. Ltd. Class A | 1,063,904 | 2,373 | |
Huaibei Mining Holdings Co. Ltd. Class A | 1,987,600 | 2,370 | |
Jiangxi Zhengbang Technology Co. Ltd. Class A (XSEC) | 908,198 | 2,369 | |
Grandjoy Holdings Group Co. Ltd. Class A | 3,113,300 | 2,365 | |
CPMC Holdings Ltd. | 6,586,319 | 2,346 | |
HLA Corp. Ltd. Class A (XSSC) | 2,598,579 | 2,342 | |
Dongguan Development Holdings Co. Ltd. Class A | 2,257,901 | 2,328 | |
*,^ | Sogou Inc. ADR | 652,960 | 2,325 |
* | Fangda Carbon New Material Co. Ltd. Class A (XSSC) | 1,979,209 | 2,323 |
Chongqing Changan Automobile Co. Ltd. Class A (XSHE) | 1,695,900 | 2,317 | |
Jiangxi Wannianqing Cement Co. Ltd. Class A | 1,125,024 | 2,311 | |
* | Zhongji Innolight Co. Ltd. Class A (XSEC) | 254,786 | 2,307 |
BYD Co. Ltd. Class A (XSHE) | 273,948 | 2,291 | |
Hainan Poly Pharm Co. Ltd. | 230,147 | 2,287 | |
Shandong Hualu Hengsheng Chemical Co. Ltd. Class A (XSHG) | 975,586 | 2,279 | |
Changchun High & New Technology Industry Group Inc. Class A (XSEC) | 27,275 | 2,270 | |
* | Shanxi Coal International Energy Group Co. Ltd. Class A | 1,648,600 | 2,262 |
Anhui Honglu Steel Construction Group Co. Ltd. Class A | 976,207 | 2,254 | |
Western Securities Co. Ltd. Class A (XSHE) | 2,020,851 | 2,251 | |
Zhejiang Weixing New Building Materials Co. Ltd. Class A | 1,310,729 | 2,249 | |
Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A (XSHE) | 1,986,905 | 2,247 | |
NAURA Technology Group Co. Ltd. Class A (XSEC) | 106,400 | 2,242 | |
Grandblue Environment Co. Ltd. Class A (XSSC) | 749,560 | 2,240 | |
^ | Colour Life Services Group Co. Ltd. | 4,725,570 | 2,238 |
Shanghai Shibei Hi-Tech Co. Ltd. Class A | 2,021,530 | 2,235 | |
Beijing New Building Materials plc Class A (XSHE) | 623,500 | 2,233 | |
China ZhengTong Auto Services Holdings Ltd. | 14,396,264 | 2,233 | |
* | Mango Excellent Media Co. Ltd. Class A (XSEC) | 343,199 | 2,229 |
* | Shenzhen Sunlord Electronics Co. Ltd. Class A | 725,578 | 2,222 |
Tongling Nonferrous Metals Group Co. Ltd. Class A | 8,082,400 | 2,210 | |
Anhui Heli Co. Ltd. Class A (XSSC) | 1,706,475 | 2,210 | |
Shenzhen Energy Group Co. Ltd. Class A | 2,848,058 | 2,204 | |
Zhengzhou Yutong Bus Co. Ltd. Class A (XSSC) | 1,198,014 | 2,204 | |
Qingling Motors Co. Ltd. Class H | 10,456,072 | 2,204 | |
Wuhu Token Science Co. Ltd. Class A (XSHE) | 1,627,300 | 2,195 | |
* | Beijing Kunlun Tech Co. Ltd. Class A (XSEC) | 762,556 | 2,194 |
* | Myhome Real Estate Development Group Co. Ltd. Class A | 5,494,900 | 2,185 |
Founder Securities Co. Ltd. Class A (XSHG) | 2,191,390 | 2,182 | |
Spring Airlines Co. Ltd. Class A (XSSC) | 415,736 | 2,181 | |
Jiangsu Zhongtian Technology Co. Ltd. Class A (XSHG) | 1,385,900 | 2,180 | |
Sinopec Shanghai Petrochemical Co. Ltd. Class A | 3,861,940 | 2,178 | |
Taiji Computer Corp. Ltd. Class A | 397,801 | 2,176 | |
Southwest Securities Co. Ltd. Class A (XSSC) | 3,433,481 | 2,171 | |
Guoxuan High-Tech Co. Ltd. (XSHE) | 684,269 | 2,168 | |
Sieyuan Electric Co. Ltd. Class A | 787,700 | 2,164 | |
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. Class A (XSEC) | 400,800 | 2,163 | |
* | Shenzhen SC New Energy Technology Corp. Class A (XSHE) | 239,070 | 2,163 |
Shanghai M&G Stationery Inc. Class A (XSSC) | 298,600 | 2,159 | |
Yangzhou Yangjie Electronic Technology Co. Ltd. Class A | 582,347 | 2,156 | |
China National Chemical Engineering Co. Ltd. Class A (XSHG) | 2,490,177 | 2,155 | |
Xiamen C & D Inc. Class A (XSHG) | 1,828,200 | 2,152 | |
Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 731,570 | 2,150 | |
* | Shenzhen Sinovatio Technology Co. Ltd. Class A | 84,260 | 2,149 |
Hubei Dinglong Co. Ltd. Class A | 1,222,108 | 2,147 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A (XSEC) | 894,260 | 2,144 | |
Accelink Technologies Co. Ltd. Class A (XSHE) | 513,948 | 2,139 | |
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A (XSSC) | 1,201,048 | 2,135 | |
* | AVIC Shenyang Aircraft Co. Ltd. Class A (XSSC) | 453,063 | 2,134 |
^,1 | China Everbright Greentech Ltd. | 5,160,814 | 2,133 |
Guangdong HEC Technology Holding Co. Ltd. Class A (XSHG) | 2,244,191 | 2,126 | |
Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A (XSHG) | 452,300 | 2,125 | |
Fujian Expressway Development Co. Ltd. Class A (XSSC) | 5,302,318 | 2,123 |
17 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Rongsheng Petro Chemical Co. Ltd. Class A (XSHE) | 1,261,696 | 2,120 | |
Hundsun Technologies Inc. Class A (XSHG) | 147,420 | 2,117 | |
Hefei Meiya Optoelectronic Technology Inc. Class A (XSHE) | 358,050 | 2,116 | |
G-bits Network Technology Xiamen Co. Ltd. Class A (XSHG) | 39,600 | 2,111 | |
Zhejiang Huace Film & TV Co. Ltd. Class A | 1,831,924 | 2,109 | |
Kingfa Sci & Tech Co. Ltd. Class A (XSHG) | 1,540,600 | 2,103 | |
GD Power Development Co. Ltd. Class A (XSSC) | 7,478,715 | 2,103 | |
* | Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A | 799,753 | 2,102 |
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSSC) | 5,879,228 | 2,094 | |
Ninestar Corp. Class A (XSHE) | 498,987 | 2,092 | |
Shandong Gold Mining Co. Ltd. Class A (XSHG) | 410,200 | 2,088 | |
Bluefocus Intelligent Communications Group Co. Ltd. Class A | 2,127,419 | 2,086 | |
Huangshan Tourism Development Co. Ltd. Class B | 2,890,203 | 2,086 | |
Jiangsu Phoenix Publishing & Media Corp. Ltd. Class A (XSSC) | 2,252,506 | 2,076 | |
* | China Eastern Airlines Corp. Ltd. Class A (XSSC) | 3,370,426 | 2,070 |
TongFu Microelectronics Co. Ltd. Class A (XSHE) | 644,588 | 2,060 | |
* | China Modern Dairy Holdings Ltd. | 19,253,299 | 2,057 |
Shanghai Pharmaceuticals Holding Co. Ltd. Class A (XSHG) | 784,985 | 2,049 | |
Bluestar Adisseo Co. Class A | 1,218,341 | 2,046 | |
Zhejiang China Commodities City Group Co. Ltd. Class A (XSSC) | 4,411,131 | 2,044 | |
* | Beijing Lanxum Technology Co. Ltd. Class A | 866,539 | 2,044 |
Shanghai Zhenhua Heavy Industries Co. Ltd. Class A | 4,584,040 | 2,043 | |
* | Suofeiya Home Collection Co. Ltd. Class A | 773,978 | 2,039 |
Guangzhou Haige Communications Group Inc. Co. Class A (XSHE) | 1,201,147 | 2,039 | |
Beijing Jingneng Power Co. Ltd. Class A (XSSC) | 5,005,703 | 2,037 | |
* | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A (XSHG) | 556,973 | 2,032 |
* | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 7,221,500 | 2,031 |
Qingdao Hanhe Cable Co. Ltd. Class A (XSHE) | 2,629,604 | 2,027 | |
* | Yantai Eddie Precision Machinery Co. Ltd. Class A | 349,359 | 2,026 |
China Merchants Securities Co. Ltd. Class A (XSHG) | 784,200 | 2,026 | |
Shenzhen Gas Corp. Ltd. Class A (XSSC) | 1,917,987 | 2,019 | |
Wuxi Lead Intelligent Equipment Co. Ltd. Class A (XSHE) | 381,001 | 2,017 | |
XCMG Construction Machinery Co. Ltd. Class A (XSHE) | 2,593,215 | 2,017 | |
*,1 | Haichang Ocean Park Holdings Ltd. | 25,386,362 | 2,015 |
Luenmei Quantum Co. Ltd. Class A (XSHG) | 934,180 | 2,012 | |
* | CCOOP Group Co. Ltd. Class A | 5,417,100 | 2,009 |
Glodon Co. Ltd. Class A (XSEC) | 272,500 | 2,002 | |
China Fortune Land Development Co. Ltd. Class A (XSHG) | 594,137 | 1,995 | |
Fujian Sunner Development Co. Ltd. Class A (XSHE) | 652,847 | 1,992 | |
SooChow Securities Co. Ltd. Class A (XSSC) | 1,840,839 | 1,989 | |
Jiangsu Lianfa Textile Co. Ltd. Class A | 1,568,252 | 1,988 | |
PCI-Suntek Technology Co. Ltd. Class A | 1,516,958 | 1,985 | |
Luthai Textile Co. Ltd. Class A | 1,702,491 | 1,981 | |
Shanghai Jinjiang International Travel Co. Ltd. Class B | 1,588,903 | 1,980 | |
Shenzhen Goodix Technology Co. Ltd. Class A (XSSC) | 59,656 | 1,972 | |
* | Ourpalm Co. Ltd. Class A | 2,485,861 | 1,966 |
Hisense Home Appliances Group Co. Ltd. Class A (XSEC) | 1,466,334 | 1,965 | |
* | Archermind Technology Nanjing Co. Ltd. Class A | 61,730 | 1,961 |
AVICOPTER plc Class A (XSSC) | 314,102 | 1,961 | |
Lao Feng Xiang Co. Ltd. Class A | 336,300 | 1,959 | |
Guosen Securities Co. Ltd. Class A (XSEC) | 1,307,121 | 1,953 | |
Fujian Star-net Communication Co. Ltd. Class A (XSHE) | 369,581 | 1,948 | |
TongFu Microelectronics Co. Ltd. Class A (XSEC) | 607,791 | 1,943 | |
China Film Co. Ltd. Class A (XSHG) | 1,041,800 | 1,943 | |
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A (XSHG) | 1,806,254 | 1,942 | |
* | TCL Corp. Class A (XSEC) | 2,993,700 | 1,938 |
Yifan Pharmaceutical Co. Ltd. Class A (XSHE) | 740,302 | 1,936 | |
B-Soft Co. Ltd. Class A | 882,897 | 1,933 | |
Wolong Electric Group Co. Ltd. Class A (XSSC) | 1,287,033 | 1,933 | |
* | Beijing Gas Blue Sky Holdings Ltd. | 94,238,573 | 1,932 |
Shandong Bohui Paper Industrial Co. Ltd. Class A | 1,787,300 | 1,931 | |
Titan Wind Energy Suzhou Co. Ltd. Class A | 2,323,572 | 1,931 | |
* | Sealand Securities Co. Ltd. Class A (XSHE) | 3,177,265 | 1,928 |
* | Beijing Aosaikang Pharmaceutical Co. Ltd. Class A | 729,946 | 1,927 |
18 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
AVIC Jonhon Optronic Technology Co. Ltd. Class A (XSEC) | 381,999 | 1,923 | |
Huaxi Securities Co. Ltd. Class A (XSHE) | 1,351,200 | 1,921 | |
Foshan Electrical and Lighting Co. Ltd. Class B | 6,164,761 | 1,919 | |
Shanghai Huayi Group Co. Ltd. Class B | 4,398,334 | 1,919 | |
Huadian Power International Corp. Ltd. Class A (XSSC) | 3,700,991 | 1,919 | |
Zhejiang Kaishan Compressor Co. Ltd. Class A | 1,281,208 | 1,918 | |
* | Kama Co. Ltd. Class B | 5,203,252 | 1,913 |
NSFOCUS Technologies Group Co. Ltd. Class A | 641,985 | 1,913 | |
Weihai Guangwei Composites Co. Ltd. Class A | 248,048 | 1,900 | |
* | YanTai Shuangta Food Co. Ltd. Class A | 1,051,000 | 1,899 |
Bank of Nanjing Co. Ltd. Class A (XSHG) | 1,748,376 | 1,894 | |
Sinoma Science & Technology Co. Ltd. Class A (XSHE) | 1,072,739 | 1,892 | |
SDIC Capital Co. Ltd. Class A (XSHG) | 1,127,300 | 1,883 | |
Meihua Holdings Group Co. Ltd. Class A | 2,937,500 | 1,881 | |
Shanghai Chinafortune Co. Ltd. Class A (XSSC) | 812,561 | 1,881 | |
* | IRICO Display Devices Co. Ltd. Class A | 3,277,101 | 1,880 |
Henan Zhongyuan Expressway Co. Ltd. Class A (XSSC) | 3,398,481 | 1,876 | |
Greattown Holdings Ltd. Class A (XSHG) | 1,641,600 | 1,876 | |
Shanghai Environment Group Co. Ltd. Class A (XSHG) | 1,038,807 | 1,871 | |
Yantai Jereh Oilfield Services Group Co. Ltd. Class A (XSHE) | 534,742 | 1,871 | |
Hubei Energy Group Co. Ltd. Class A (XSHE) | 3,564,555 | 1,870 | |
Shaanxi Coal Industry Co. Ltd. Class A (XSSC) | 1,758,183 | 1,868 | |
North China Pharmaceutical Co. Ltd. Class A | 1,504,160 | 1,867 | |
Guangdong Electric Power Development Co. Ltd. Class A | 3,812,800 | 1,866 | |
Shenergy Co. Ltd. Class A (XSSC) | 2,486,691 | 1,860 | |
Zhejiang Chint Electrics Co. Ltd. Class A (XSSC) | 531,488 | 1,860 | |
IKD Co. Ltd. Class A | 1,149,600 | 1,859 | |
* | Fu Jian Anjoy Foods Co. Ltd. Class A | 140,798 | 1,857 |
Shanghai Diesel Engine Co. Ltd. Class B | 5,034,870 | 1,854 | |
Avic Aviation High-Technology Co. Ltd. Class A (XSHG) | 898,548 | 1,852 | |
Meinian Onehealth Healthcare Holdings Co. Ltd. Class A (XSEC) | 1,150,359 | 1,851 | |
* | Xi'an Tian He Defense Technology Co. Ltd. Class A | 294,500 | 1,842 |
Shandong Huatai Paper Industry Shareholding Co. Ltd. Class A | 2,962,092 | 1,841 | |
* | Shanghai Putailai New Energy Technology Co. Ltd. Class A (XSHG) | 170,961 | 1,837 |
INESA Intelligent Tech Inc. Class A | 1,830,990 | 1,832 | |
* | Kuang-Chi Technologies Co. Ltd. Class A (XSHE) | 1,653,204 | 1,832 |
Chongqing Zaisheng Technology Corp. Ltd. Class A | 1,053,640 | 1,829 | |
Northeast Securities Co. Ltd. Class A (XSHE) | 1,604,558 | 1,829 | |
Sungrow Power Supply Co. Ltd. Class A | 1,199,854 | 1,828 | |
Zhejiang Chint Electrics Co. Ltd. Class A (XSHG) | 520,558 | 1,822 | |
* | Shanghai DZH Ltd. Class A | 1,774,900 | 1,821 |
Guangdong Kinlong Hardware Products Co. Ltd. Class A | 188,850 | 1,815 | |
Dawnrays Pharmaceutical Holdings Ltd. | 12,112,515 | 1,814 | |
* | Tongkun Group Co. Ltd. Class A (XSSC) | 1,095,799 | 1,805 |
Jason Furniture Hangzhou Co. Ltd. Class A (XSHG) | 322,318 | 1,804 | |
Shanghai M&G Stationery Inc. Class A (XSHG) | 249,275 | 1,802 | |
Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 334,750 | 1,801 | |
* | Eoptolink Technology Inc. Ltd. Class A | 177,423 | 1,798 |
Huaan Securities Co. Ltd. Class A (XSHG) | 1,778,632 | 1,797 | |
Gemdale Corp. Class A (XSHG) | 953,400 | 1,793 | |
Jiangsu Changqing Agrochemical Co. Ltd. Class A | 1,459,809 | 1,792 | |
Central China Land Media Co. Ltd. Class A | 1,857,208 | 1,792 | |
Huizhou Desay Sv Automotive Co. Ltd. Class A (XSHE) | 312,900 | 1,790 | |
Beijing Capital Retailing Group Co. Ltd. Class A | 2,326,950 | 1,789 | |
Xinjiang Tianshan Cement Co. Ltd. Class A | 1,061,720 | 1,783 | |
China National Medicines Corp. Ltd. Class A (XSSC) | 404,852 | 1,777 | |
Hengdian Group DMEGC Magnetics Co. Ltd. Class A (XSHE) | 1,241,400 | 1,777 | |
Shanghai Shibei Hi-Tech Co. Ltd. Class B | 5,109,069 | 1,777 | |
* | China Shipbuilding Industry Group Power Co. Ltd. Class A (XSSC) | 776,822 | 1,776 |
Haisco Pharmaceutical Group Co. Ltd. Class A | 636,064 | 1,774 | |
Offshore Oil Engineering Co. Ltd. Class A (XSSC) | 2,544,070 | 1,774 | |
Metallurgical Corp. of China Ltd. Class A (XSSC) | 4,899,233 | 1,769 | |
Sichuan Road & Bridge Co. Ltd. Class A (XSSC) | 3,303,895 | 1,769 | |
Jiangsu Yangnong Chemical Co. Ltd. Class A (XSSC) | 166,900 | 1,767 |
19 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Shenzhen Tagen Group Co. Ltd. Class A | 1,970,094 | 1,767 | |
Kunming Yunnei Power Co. Ltd. Class A | 2,646,054 | 1,766 | |
Wuhan Department Store Group Co. Ltd. Class A | 1,132,677 | 1,765 | |
China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 1,734,930 | 1,764 | |
Shaanxi International Trust Co. Ltd. Class A | 3,487,380 | 1,756 | |
* | Zhejiang Narada Power Source Co. Ltd. Class A | 1,161,462 | 1,755 |
China Avionics Systems Co. Ltd. Class A (XSSC) | 895,620 | 1,754 | |
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 2,707,772 | 1,750 | |
Sinofert Holdings Ltd. | 18,932,032 | 1,748 | |
Inner Mongolia First Machinery Group Co. Ltd. Class A | 1,296,286 | 1,748 | |
Hangzhou First Applied Material Co. Ltd. Class A | 255,437 | 1,739 | |
Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A | 161,187 | 1,739 | |
China South Publishing & Media Group Co. Ltd. Class A (XSSC) | 1,127,749 | 1,739 | |
Hainan Strait Shipping Co. Ltd. Class A | 1,118,520 | 1,737 | |
Guangdong Tapai Group Co. Ltd. Class A | 931,036 | 1,735 | |
China Southern Airlines Co. Ltd. Class A (XSHG) | 2,288,500 | 1,732 | |
*,^ | Fullshare Holdings Ltd. | 114,791,870 | 1,732 |
* | COFCO Capital Holdings Co. Ltd. Class A | 1,446,657 | 1,725 |
* | Victory Giant Technology Huizhou Co. Ltd. Class A | 549,200 | 1,725 |
* | Shanxi Zhangze Electric Power Co. Ltd. Class A | 5,356,146 | 1,724 |
Beijing Capital Development Co. Ltd. Class A (XSSC) | 1,842,585 | 1,721 | |
GD Power Development Co. Ltd. Class A (XSHG) | 6,103,116 | 1,716 | |
Hefei Meiya Optoelectronic Technology Inc. Class A (XSEC) | 289,658 | 1,712 | |
* | Chimin Health Management Co. Ltd. Class A | 258,500 | 1,705 |
Bengang Steel Plates Co. Ltd. Class B | 8,157,311 | 1,701 | |
Guangxi Wuzhou Communications Co. Ltd. Class A | 3,146,047 | 1,697 | |
Dian Diagnostics Group Co. Ltd. Class A | 480,737 | 1,695 | |
* | OFILM Group Co. Ltd. Class A (XSEC) | 799,000 | 1,692 |
* | JinJian Cereals Industry Co. Ltd. Class A | 1,176,000 | 1,691 |
Huayuan Property Co. Ltd. Class A (XSSC) | 5,225,205 | 1,691 | |
*,^ | Kasen International Holdings Ltd. | 10,517,000 | 1,690 |
China Minsheng Banking Corp. Ltd. Class A (XSHG) | 2,033,760 | 1,690 | |
Jiangsu King's Luck Brewery JSC Ltd. Class A (XSHG) | 368,662 | 1,688 | |
*,§ | CT Environmental Group Ltd. | 38,490,600 | 1,688 |
China Nuclear Engineering & Construction Corp. Ltd. Class A | 1,920,882 | 1,686 | |
Haohua Chemical Science & Technology Co. Ltd. Class A | 685,670 | 1,683 | |
Zhejiang Crystal-Optech Co. Ltd. Class A (XSHE) | 819,994 | 1,682 | |
Sichuan Swellfun Co. Ltd. Class A (XSHG) | 259,575 | 1,681 | |
* | Visionox Technology Inc. Class A (XSHE) | 980,850 | 1,676 |
Tande Co. Ltd. Class A | 3,429,500 | 1,676 | |
China Railway Hi-tech Industry Co. Ltd. Class A (XSHG) | 1,220,600 | 1,674 | |
Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 1,249,063 | 1,671 | |
AVIC Aircraft Co. Ltd. Class A (XSEC) | 675,000 | 1,671 | |
Hubei Biocause Pharmaceutical Co. Ltd. Class A (XSEC) | 2,149,300 | 1,668 | |
Ajisen China Holdings Ltd. | 7,491,260 | 1,667 | |
Joeone Co. Ltd. Class A | 1,211,177 | 1,665 | |
People.cn Co. Ltd. Class A (XSSC) | 556,581 | 1,665 | |
SDIC Power Holdings Co. Ltd. Class A (XSHG) | 1,529,000 | 1,659 | |
MLS Co. Ltd. Class A | 1,023,900 | 1,655 | |
Shanghai Yimin Commerce Group Co. Ltd. Class A (XSSC) | 3,750,104 | 1,655 | |
INESA Intelligent Tech Inc. Class B | 3,069,872 | 1,651 | |
Guangzhou Hengyun Enterprises Holdings Ltd. Class A | 1,557,076 | 1,648 | |
Zhejiang Weiming Environment Protection Co. Ltd. Class A (XSHG) | 391,230 | 1,648 | |
China National Chemical Engineering Co. Ltd. Class A (XSSC) | 1,902,425 | 1,646 | |
Laobaixing Pharmacy Chain JSC Class A (XSSC) | 153,900 | 1,644 | |
Hangzhou Silan Microelectronics Co. Ltd. Class A (XSSC) | 825,700 | 1,642 | |
Financial Street Holdings Co. Ltd. Class A (XSHE) | 1,676,851 | 1,639 | |
*,1 | Shandong Gold Mining Co. Ltd. Class H | 550,500 | 1,637 |
Harbin Boshi Automation Co. Ltd. Class A | 1,111,132 | 1,637 | |
* | GCL System Integration Technology Co. Ltd. Class A | 4,601,125 | 1,635 |
Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A (XSSC) | 1,516,185 | 1,630 | |
* | Beijing Teamsun Technology Co. Ltd. Class A (XSSC) | 788,986 | 1,628 |
* | Chinalin Securities Co. Ltd. Class A | 831,127 | 1,627 |
* | Hunan Dakang International Food & Agriculture Co. Ltd. Class A | 4,554,460 | 1,623 |
20 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
YTO Express Group Co. Ltd. Class A (XSHG) | 911,106 | 1,620 | |
* | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A (XSSC) | 443,534 | 1,618 |
* | Pharmaron Beijing Co. Ltd. Class A | 179,900 | 1,615 |
* | Addsino Co. Ltd. Class A (XSHE) | 748,000 | 1,612 |
ORG Technology Co. Ltd. Class A | 2,818,507 | 1,609 | |
Foshan Nationstar Optoelectronics Co. Ltd. Class A | 1,105,683 | 1,609 | |
Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A (XSHE) | 684,943 | 1,605 | |
SooChow Securities Co. Ltd. Class A (XSHG) | 1,483,170 | 1,602 | |
FAWER Automotive Parts Co. Ltd. Class A | 2,428,245 | 1,599 | |
Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A (XSHE) | 123,480 | 1,595 | |
Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 849,296 | 1,593 | |
Guorui Properties Ltd. | 9,655,228 | 1,592 | |
* | Nanjing Tanker Corp. Class A | 4,229,800 | 1,588 |
* | Leo Group Co. Ltd. Class A (XSHE) | 3,005,211 | 1,587 |
Unigroup Guoxin Microelectronics Co. Ltd. Class A (XSEC) | 184,788 | 1,587 | |
Jiangxi Huangshanghuang Group Food Co. Ltd. Class A | 553,601 | 1,587 | |
* | China Tianying Inc. Class A | 2,242,000 | 1,587 |
§ | China Fiber Optic Network System | 17,564,000 | 1,586 |
Oppein Home Group Inc. Class A (XSHG) | 106,355 | 1,584 | |
Luxi Chemical Group Co. Ltd. Class A | 1,437,608 | 1,584 | |
Guangdong Goworld Co. Ltd. Class A | 943,044 | 1,579 | |
Luthai Textile Co. Ltd. Class B | 2,415,793 | 1,579 | |
* | COSCO Shipping International Singapore Co. Ltd. | 9,738,015 | 1,578 |
Shenzhen Sunline Tech Co. Ltd. Class A | 448,968 | 1,578 | |
Beijing SuperMap Software Co. Ltd. Class A | 443,300 | 1,578 | |
* | Youzu Interactive Co. Ltd. Class A | 608,916 | 1,577 |
Xiamen Tungsten Co. Ltd. Class A (XSSC) | 989,759 | 1,577 | |
Sinocare Inc. | 646,600 | 1,573 | |
* | Tsinghua Tongfang Co. Ltd. Class A (XSHG) | 1,533,200 | 1,571 |
Jiangsu Changbao Steeltube Co. Ltd. Class A | 2,189,654 | 1,570 | |
Maccura Biotechnology Co. Ltd. Class A | 299,830 | 1,569 | |
Wuxi Lead Intelligent Equipment Co. Ltd. Class A (XSEC) | 295,640 | 1,565 | |
Huagong Tech Co. Ltd. Class A (XSHE) | 536,500 | 1,563 | |
Shanghai Highly Group Co. Ltd. Class A | 1,408,500 | 1,562 | |
Qingdao Hanhe Cable Co. Ltd. Class A (XSEC) | 2,019,276 | 1,556 | |
* | Tech-Bank Food Co. Ltd. Class A | 883,553 | 1,556 |
Jiangsu Hengshun Vinegar Industry Co. Ltd. Class A | 579,377 | 1,555 | |
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A (XSHG) | 234,200 | 1,552 | |
Shanghai International Port Group Co. Ltd. Class A (XSHG) | 2,640,400 | 1,550 | |
Huaneng Power International Inc. Class A (XSHG) | 2,599,994 | 1,549 | |
JSTI Group Class A | 1,246,257 | 1,547 | |
Navtech Inc. Class A | 484,110 | 1,545 | |
Shanghai Shimao Co. Ltd. Class A (XSSC) | 2,638,212 | 1,545 | |
Shanxi Securities Co. Ltd. Class A (XSHE) | 1,558,546 | 1,544 | |
* | Berry Genomics Co. Ltd. Class A (XSHE) | 247,298 | 1,540 |
Minmetals Capital Co. Ltd. Class A | 1,506,360 | 1,538 | |
Shandong Hualu Hengsheng Chemical Co. Ltd. Class A (XSSC) | 658,163 | 1,538 | |
Thunder Software Technology Co. Ltd. | 177,727 | 1,534 | |
Shanghai Highly Group Co. Ltd. Class B | 2,654,170 | 1,525 | |
Jiangsu Provincial Agricultural Reclamation and Development Corp. | 1,052,692 | 1,521 | |
Jiangsu Zhongtian Technology Co. Ltd. Class A (XSSC) | 965,100 | 1,518 | |
Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A | 489,180 | 1,515 | |
Shanghai Pharmaceuticals Holding Co. Ltd. Class A (XSSC) | 578,794 | 1,511 | |
IReader Technology Co. Ltd. Class A (XSHG) | 319,400 | 1,510 | |
* | Hebei Chengde Lolo Co. Class A | 1,757,052 | 1,506 |
* | Yixintang Pharmaceutical Group Co. Ltd. Class A | 417,554 | 1,504 |
* | Shanghai Greencourt Investment Group Co. Ltd. Class B | 4,733,900 | 1,503 |
* | Lier Chemical Co. Ltd. Class A | 707,644 | 1,498 |
Shandong Sun Paper Industry JSC Ltd. Class A (XSHE) | 1,277,100 | 1,497 | |
* | Beijing Tongtech Co. Ltd. Class A | 249,200 | 1,495 |
* | Hunan Valin Steel Co. Ltd. Class A (XSHE) | 2,658,600 | 1,491 |
Emei Shan Tourism Co. Ltd. Class A | 1,722,471 | 1,488 | |
*,^ | Qudian Inc. ADR | 857,943 | 1,484 |
* | Toly Bread Co. Ltd. Class A | 215,292 | 1,484 |
21 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Zhejiang Juhua Co. Ltd. Class A (XSSC) | 1,648,862 | 1,484 | |
YGSOFT Inc. Class A | 764,561 | 1,482 | |
China World Trade Center Co. Ltd. Class A (XSSC) | 724,135 | 1,482 | |
Zhejiang Zheneng Electric Power Co. Ltd. Class A (XSSC) | 3,004,652 | 1,480 | |
Guangzhou Zhujiang Brewery Co. Ltd. Class A | 1,435,600 | 1,478 | |
Guangxi Liugong Machinery Co. Ltd. Class A | 1,530,461 | 1,477 | |
* | Tibet Rhodiola Pharmaceutical Holding Co. Class A | 384,116 | 1,472 |
Zhejiang Huafeng Spandex Co. Ltd. Class A | 1,999,101 | 1,470 | |
* | Sinopec Oilfield Service Corp. Class H | 20,216,608 | 1,465 |
* | Anhui Jinhe Industrial Co. Ltd. Class A | 513,300 | 1,461 |
Beijing Global Safety Technology Co. Ltd. Class A | 250,939 | 1,454 | |
Tengda Construction Group Co. Ltd. Class A | 3,400,299 | 1,453 | |
* | Beijing Bohui Innovation Biotechnology Co. Ltd. Class A | 2,008,369 | 1,452 |
Beijing BDStar Navigation Co. Ltd. Class A (XSHE) | 339,651 | 1,450 | |
Sansteel Minguang Co. Ltd. Fujian Class A (XSHE) | 1,418,556 | 1,450 | |
Shenzhen Laibao Hi-tech Co. Ltd. Class A | 961,687 | 1,446 | |
China Gezhouba Group Co. Ltd. Class A (XSSC) | 1,580,575 | 1,446 | |
China Baoan Group Co. Ltd. Class A (XSHE) | 1,577,616 | 1,438 | |
* | Polaris Bay Group Co. Ltd. Class A | 916,098 | 1,437 |
* | Inspur Electronic Information Industry Co. Ltd. Class A (XSEC) | 245,840 | 1,437 |
Universal Scientific Industrial Shanghai Co. Ltd. Class A (XSSC) | 576,952 | 1,437 | |
Wuchan Zhongda Group Co. Ltd. Class A (XSSC) | 2,179,156 | 1,436 | |
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A (XSSC) | 768,700 | 1,435 | |
Nanjing Securities Co. Ltd. Class A (XSHG) | 751,560 | 1,434 | |
Shandong Hi-speed Co. Ltd. Class A (XSSC) | 1,735,154 | 1,434 | |
Luoniushan Co. Ltd. Class A | 1,057,707 | 1,433 | |
Chongqing Department Store Co. Ltd. Class A | 374,760 | 1,430 | |
Jinduicheng Molybdenum Co. Ltd. Class A (XSSC) | 1,718,940 | 1,429 | |
Newland Digital Technology Co. Ltd. Class A (XSHE) | 618,095 | 1,426 | |
East Group Co. Ltd. | 1,908,600 | 1,426 | |
Guangzhou Grandbuy Co. Ltd. Class A | 1,453,667 | 1,425 | |
Sonoscape Medical Corp. Class A | 346,467 | 1,424 | |
Xinjiang Goldwind Science & Technology Co. Ltd. Class A (XSHE) | 1,012,526 | 1,423 | |
* | Wangsu Science & Technology Co. Ltd. | 1,245,519 | 1,422 |
361 Degrees International Ltd. | 9,359,198 | 1,420 | |
Zhejiang Hailiang Co. Ltd. Class A (XSHE) | 1,087,716 | 1,420 | |
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 1,282,709 | 1,419 | |
Nanjing Gaoke Co. Ltd. Class A (XSSC) | 1,141,108 | 1,419 | |
TBEA Co. Ltd. Class A (XSHG) | 1,336,069 | 1,417 | |
Blue Sail Medical Co. Ltd. Class A (XSHE) | 625,000 | 1,416 | |
Zhejiang Wanliyang Co. Ltd. Class A (XSHE) | 1,126,200 | 1,415 | |
GEM Co. Ltd. Class A (XSHE) | 2,179,354 | 1,415 | |
* | Shenzhen MTC Co. Ltd. Class A (XSHE) | 2,237,255 | 1,411 |
Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 652,876 | 1,405 | |
* | Lingyi iTech Guangdong Co. Class A (XSEC) | 1,086,400 | 1,405 |
Guangxi Wuzhou Zhongheng Group Co. Ltd. Class A (XSSC) | 2,950,603 | 1,404 | |
Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A (XSHE) | 852,417 | 1,403 | |
* | Jiangsu Hoperun Software Co. Ltd. Class A | 1,046,746 | 1,403 |
China National Nuclear Power Co. Ltd. Class A (XSSC) | 2,291,100 | 1,400 | |
* | Addsino Co. Ltd. Class A (XSEC) | 649,300 | 1,400 |
Anhui Anke Biotechnology Group Co. Ltd. Class A | 682,070 | 1,399 | |
Shenzhen Heungkong Holding Co. Ltd. Class A (XSSC) | 5,179,468 | 1,397 | |
* | Qianhe Condiment and Food Co. Ltd. Class A | 325,400 | 1,396 |
* | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 2,387,639 | 1,395 |
Sichuan Languang Development Co. Ltd. Class A (XSHG) | 1,707,860 | 1,392 | |
China TransInfo Technology Co. Ltd. Class A (XSHE) | 425,300 | 1,387 | |
Han's Laser Technology Industry Group Co. Ltd. Class A (XSHE) | 327,400 | 1,386 | |
* | Shenzhen H&T Intelligent Control Co. Ltd. Class A | 708,842 | 1,385 |
Jiangsu Eastern Shenghong Co. Ltd. Class A (XSHE) | 1,957,200 | 1,382 | |
China Galaxy Securities Co. Ltd. Class A | 995,320 | 1,381 | |
* | Shenzhen Suntak Circuit Technology Co. Ltd. Class A (XSEC) | 558,900 | 1,378 |
* | DaShenLin Pharmaceutical Group Co. Ltd. Class A | 149,422 | 1,378 |
Shenzhen Centralcon Investment Holding Co. Ltd. Class A | 1,034,344 | 1,374 | |
China Merchants Port Group Co. Ltd. Class A | 687,400 | 1,373 |
22 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
HC SemiTek Corp. Class A | 1,558,750 | 1,373 | |
* | Shanying International Holding Co. Ltd. Class A (XSSC) | 3,226,525 | 1,370 |
Oceanwide Holdings Co. Ltd. Class A (XSHE) | 2,790,994 | 1,367 | |
* | Shandong Sinobioway Biomedicine Co. Ltd. Class A | 506,060 | 1,364 |
Zhongyuan Environment-Protection Co. Ltd. Class A | 1,373,668 | 1,364 | |
* | Leyard Optoelectronic Co. Ltd. Class A | 1,748,173 | 1,363 |
Huapont Life Sciences Co. Ltd. Class A (XSEC) | 1,804,001 | 1,363 | |
Anhui Hengyuan Coal Industry and Electricity Power Co. Ltd. Class A (XSHG) | 1,954,440 | 1,362 | |
* | Pacific Securities Co. Ltd. China Class A (XSSC) | 2,990,420 | 1,360 |
Westone Information Industry Inc. Class A (XSHE) | 429,179 | 1,358 | |
CITIC Resources Holdings Ltd. | 40,295,718 | 1,356 | |
Tunghsu Optoelectronic Technology Co. Ltd. Class A (XSHE) | 3,465,608 | 1,355 | |
Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 329,061 | 1,355 | |
* | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A (XSSC) | 571,916 | 1,354 |
* | Shang Gong Group Co. Ltd. Class B | 3,690,313 | 1,353 |
China TransInfo Technology Co. Ltd. Class A (XSEC) | 414,500 | 1,351 | |
Huafa Industrial Co. Ltd. Zhuhai Class A (XSSC) | 1,437,226 | 1,351 | |
* | Zhejiang Dingli Machinery Co. Ltd. Class A (XSSC) | 121,929 | 1,350 |
Xinhuanet Co. Ltd. Class A (XSHG) | 379,200 | 1,348 | |
Wangfujing Group Co. Ltd. Class A (XSSC) | 736,842 | 1,348 | |
Hangzhou Century Co. Ltd. Class A | 799,700 | 1,348 | |
Tasly Pharmaceutical Group Co. Ltd. Class A (XSSC) | 686,014 | 1,348 | |
WUS Printed Circuit Kunshan Co. Ltd. Class A (XSEC) | 360,500 | 1,347 | |
Yunnan Energy Investment Co. Ltd. Class A | 1,415,955 | 1,346 | |
Hubei Biocause Pharmaceutical Co. Ltd. Class A (XSHE) | 1,733,900 | 1,346 | |
Shenzhen Fuanna Bedding and Furnishing Co. Ltd. Class A | 1,309,240 | 1,344 | |
Zhefu Holding Group Co. Ltd. Class A | 2,548,290 | 1,343 | |
Hytera Communications Corp. Ltd. Class A (XSHE) | 1,454,565 | 1,343 | |
Dongfang Electric Corp. Ltd. Class A (XSSC) | 1,111,591 | 1,342 | |
*,1 | Tian Ge Interactive Holdings Ltd. | 7,962,476 | 1,342 |
Sunvim Group Co. Ltd. Class A | 1,425,700 | 1,339 | |
Zhuzhou Kibing Group Co. Ltd. Class A (XSSC) | 1,810,914 | 1,338 | |
* | Three Squirrels Inc. Class A | 121,240 | 1,336 |
Chinese Universe Publishing and Media Group Co. Ltd. Class A (XSHG) | 788,436 | 1,336 | |
Lianhe Chemical Technology Co. Ltd. Class A | 559,300 | 1,333 | |
China Oilfield Services Ltd. Class A | 761,234 | 1,330 | |
Ganfeng Lithium Co. Ltd. Class A (XSEC) | 206,600 | 1,325 | |
* | Top Energy Co. Ltd. Shanxi Class A (XSHG) | 2,903,744 | 1,324 |
* | Guangdong South New Media Co. Ltd. Class A (XSHE) | 60,600 | 1,323 |
* | PharmaBlock Sciences Nanjing Inc. Class A | 117,242 | 1,323 |
Gosuncn Technology Group Co. Ltd. Class A | 1,697,592 | 1,322 | |
Hongrun Construction Group Co. Ltd. Class A | 2,146,046 | 1,322 | |
Guangzhou Tinci Materials Technology Co. Ltd. Class A (XSHE) | 345,570 | 1,318 | |
Ningxia Building Materials Group Co. Ltd. Class A (XSSC) | 634,288 | 1,316 | |
* | Anhui Tatfook Technology Co. Ltd. Class A | 647,600 | 1,313 |
Ming Yang Smart Energy Group Ltd. Class A | 828,600 | 1,310 | |
China Merchants Land Ltd. | 7,883,888 | 1,309 | |
* | Humanwell Healthcare Group Co. Ltd. Class A (XSSC) | 452,907 | 1,306 |
Zhejiang Yasha Decoration Co. Ltd. Class A | 1,071,760 | 1,305 | |
Xiamen Kingdomway Group Co. Class A | 462,900 | 1,301 | |
Shanghai Datun Energy Resources Co. Ltd. Class A | 1,156,850 | 1,301 | |
Yonggao Co. Ltd. Class A | 1,362,959 | 1,299 | |
Guodian Changyuan Electric Power Co. Ltd. Class A | 2,237,894 | 1,298 | |
Holitech Technology Co. Ltd. Class A (XSHE) | 1,706,396 | 1,295 | |
Inzone Group Co. Ltd. Class A (XSHG) | 1,987,631 | 1,294 | |
Shanghai Electric Group Co. Ltd. Class A (XSSC) | 1,890,467 | 1,292 | |
Tibet Tianlu Co. Ltd. Class A | 1,313,049 | 1,292 | |
Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 1,782,000 | 1,291 | |
Beibuwan Port Co. Ltd. Class A | 931,400 | 1,290 | |
China Gezhouba Group Co. Ltd. Class A (XSHG) | 1,409,100 | 1,289 | |
BeijingHualian Hypermarket Co. Ltd. Class A | 2,177,445 | 1,289 | |
Shenzhen Kinwong Electronic Co. Ltd. Class A (XSHG) | 183,417 | 1,288 | |
* | Beijing Jetsen Technology Co. Ltd. Class A | 2,171,023 | 1,288 |
Porton Pharma Solutions Ltd. Class A | 321,250 | 1,287 |
23 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Guangdong Provincial Expressway Development Co. Ltd. Class A | 1,224,506 | 1,281 | |
Sailun Group Co. Ltd. (XSSC) | 2,021,815 | 1,278 | |
Shanghai Construction Group Co. Ltd. Class A (XSSC) | 2,758,182 | 1,277 | |
Guangzhou Shangpin Home Collection Co. Ltd. Class A (XSHE) | 134,315 | 1,276 | |
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A (XSHE) | 890,400 | 1,275 | |
Black Peony Group Co. Ltd. Class A (XSSC) | 983,187 | 1,275 | |
China XD Electric Co. Ltd. Class A (XSHG) | 1,531,400 | 1,275 | |
* | Beken Corp. Class A | 122,587 | 1,274 |
Jinke Properties Group Co. Ltd. Class A (XSEC) | 1,140,988 | 1,272 | |
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A (XSEC) | 259,300 | 1,272 | |
Dong-E-E-Jiao Co. Ltd. Class A (XSHE) | 293,067 | 1,272 | |
Beijing VRV Software Corp. Ltd. Class A | 1,292,200 | 1,271 | |
Tianjin Guangyu Development Co. Ltd. Class A (XSHE) | 1,360,000 | 1,270 | |
*,§ | Anxin Trust Co. Ltd. Class A (XSSC) | 3,583,002 | 1,270 |
TBEA Co. Ltd. Class A (XSSC) | 1,196,958 | 1,270 | |
* | Chongqing Iron & Steel Co. Ltd. Class A (XSSC) | 5,869,436 | 1,267 |
Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A (XSHE) | 1,411,966 | 1,266 | |
Beijing Dabeinong Technology Group Co. Ltd. Class A (XSEC) | 992,300 | 1,266 | |
Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A (XSHE) | 118,600 | 1,264 | |
Xinxing Ductile Iron Pipes Co. Ltd. Class A (XSEC) | 2,591,500 | 1,263 | |
Shanghai Weaver Network Co. Ltd. Class A (XSHG) | 110,069 | 1,262 | |
* | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A (XSHE) | 999,275 | 1,257 |
Sichuan Jiuyuan Yinhai Software Co. Ltd. Class A | 204,100 | 1,257 | |
* | Juewei Food Co. Ltd. Class A | 168,760 | 1,257 |
Yuan Longping High-tech Agriculture Co. Ltd. Class A (XSHE) | 547,439 | 1,255 | |
* | Create Technology & Science Co. Ltd. Class A | 1,136,256 | 1,255 |
* | Shanghai Pudong Road & Bridge Construction Co. Ltd. Class A (XSSC) | 1,368,350 | 1,255 |
* | Wangsu Science & Technology Co. Ltd. Class A | 1,098,938 | 1,255 |
Dalian Port PDA Co. Ltd. Class A | 5,125,070 | 1,251 | |
* | Gree Real Estate Co. Ltd. Class A (XSSC) | 1,778,300 | 1,250 |
Baoji Titanium Industry Co. Ltd. Class A | 352,300 | 1,247 | |
ADAMA Ltd. Class A | 915,100 | 1,246 | |
Zijin Mining Group Co. Ltd. Class A (XSHG) | 2,277,600 | 1,246 | |
Thunder Software Technology Co. Ltd. Class A | 143,900 | 1,242 | |
*,^ | Ruhnn Holding Ltd. ADR | 362,660 | 1,240 |
China Quanjude Group Co. Ltd. Class A | 952,758 | 1,239 | |
* | Shandong Denghai Seeds Co. Ltd. Class A | 683,618 | 1,239 |
Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A (XSHE) | 1,479,817 | 1,238 | |
* | Guangdong Golden Dragon Development Inc. Class A | 722,300 | 1,237 |
Da An Gene Co. Ltd. of Sun Yat-Sen University Class A (XSHE) | 387,420 | 1,235 | |
Everbright Jiabao Co. Ltd. Class A | 1,955,708 | 1,235 | |
* | Beijing Ultrapower Software Co. Ltd. Class A | 1,697,868 | 1,233 |
Caitong Securities Co. Ltd. Class A (XSHG) | 929,500 | 1,233 | |
Chongqing Changan Automobile Co. Ltd. Class A (XSEC) | 902,500 | 1,233 | |
Beijing Tiantan Biological Products Corp. Ltd. Class A (XSHG) | 257,759 | 1,233 | |
* | Foran Energy Group Co. Ltd. Class A | 549,100 | 1,233 |
Shanghai Belling Co. Ltd. Class A (XSSC) | 538,244 | 1,232 | |
* | Guosheng Financial Holding Inc. Class A (XSHE) | 1,012,873 | 1,232 |
Suzhou Anjie Technology Co. Ltd. Class A (XSHE) | 462,649 | 1,231 | |
China Zhenhua Group Science & Technology Co. Ltd. Class A (XSHE) | 432,542 | 1,229 | |
People.cn Co. Ltd. Class A (XSHG) | 410,313 | 1,227 | |
Hangjin Technology Co. Ltd. Class A (XSEC) | 375,800 | 1,226 | |
360 Security Technology Inc. Class A (XSSC) | 470,795 | 1,226 | |
Staidson Beijing Biopharmaceuticals Co. Ltd. Class A | 831,119 | 1,226 | |
Shandong Chenming Paper Holdings Ltd. Class H | 3,195,782 | 1,224 | |
* | Huayi Brothers Media Corp. Class A | 2,205,602 | 1,222 |
Power Construction Corp. of China Ltd. Class A (XSHG) | 2,430,302 | 1,221 | |
* | Grand Baoxin Auto Group Ltd. | 10,267,191 | 1,221 |
Vatti Corp. Ltd. Class A | 768,748 | 1,221 | |
Inner Mongolia BaoTou Steel Union Co. Ltd. Class A (XSHG) | 7,999,740 | 1,220 | |
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class B | 1,738,710 | 1,220 | |
Yintai Gold Co. Ltd. Class A (XSEC) | 530,400 | 1,218 | |
Jiangsu Yangnong Chemical Co. Ltd. Class A (XSHG) | 114,900 | 1,216 | |
* | Suzhou TFC Optical Communication Co. Ltd. Class A | 166,600 | 1,216 |
24 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Jiangsu Financial Leasing Co. Ltd. Class A (XSHG) | 1,645,707 | 1,215 | |
Qingdao Port International Co. Ltd. | 1,543,300 | 1,214 | |
Fujian Zhangzhou Development Co. Ltd. Class A | 3,250,833 | 1,214 | |
Jiangsu Broadcasting Cable Information Network Corp. Ltd. Class A (XSHG) | 2,478,850 | 1,212 | |
Chengdu Fusen Noble-House Industrial Co. Ltd. Class A | 762,003 | 1,208 | |
TangShan Port Group Co. Ltd. Class A (XSSC) | 3,758,235 | 1,208 | |
Chengzhi Co. Ltd. Class A (XSEC) | 724,400 | 1,208 | |
* | Humanwell Healthcare Group Co. Ltd. Class A (XSHG) | 418,400 | 1,207 |
Weiqiao Textile Co. Class H | 5,764,033 | 1,201 | |
Newcapec Electronics Co. Ltd. Class A | 707,935 | 1,199 | |
* | Citic Pacific Special Steel Group Co. Ltd. Class A (XSEC) | 529,765 | 1,198 |
Cinda Real Estate Co. Ltd. Class A (XSSC) | 2,163,113 | 1,198 | |
Beijing Easpring Material Technology Co. Ltd. Class A | 356,400 | 1,198 | |
Guodian Nanjing Automation Co. Ltd. Class A | 851,900 | 1,197 | |
Industrial & Commercial Bank of China Ltd. Class A (XSHG) | 1,640,100 | 1,197 | |
Yingkou Port Liability Co. Ltd. Class A | 3,961,900 | 1,196 | |
* | Sichuan Hebang Biotechnology Co. Ltd. Class A (XSSC) | 6,242,363 | 1,196 |
* | Wuhan Jingce Electronic Group Co. Ltd. Class A (XSEC) | 126,176 | 1,194 |
Xinyangfeng Agricultural Technology Co. Ltd. Class A | 1,008,156 | 1,193 | |
Huangshan Tourism Development Co. Ltd. Class A | 1,000,088 | 1,193 | |
* | Ningxia Baofeng Energy Group Co. Ltd. Class A | 1,004,700 | 1,192 |
* | Easysight Supply Chain Management Co. Ltd. Class A (XSHG) | 674,835 | 1,191 |
Shaan Xi Provincial Natural Gas Co. Ltd. Class A | 1,388,989 | 1,190 | |
Ningbo Boway Alloy Material Co. Ltd. Class A | 623,270 | 1,190 | |
* | Guizhou Xinbang Pharmaceutical Co. Ltd. Class A | 1,840,931 | 1,187 |
Zhejiang Weixing Industrial Development Co. Ltd. Class A | 1,513,140 | 1,186 | |
DHC Software Co. Ltd. Class A (XSEC) | 622,900 | 1,185 | |
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A (XSSC) | 85,101 | 1,185 | |
* | China Eastern Airlines Corp. Ltd. Class A (XSHG) | 1,928,700 | 1,185 |
Fujian Funeng Co. Ltd. Class A (XSHG) | 1,105,261 | 1,183 | |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A (XSSC) | 716,394 | 1,183 | |
Shanghai Tunnel Engineering Co. Ltd. Class A (XSSC) | 1,467,480 | 1,181 | |
* | Sunflower Pharmaceutical Group Co. Ltd. Class A | 604,108 | 1,178 |
Moon Environment Technology Co. Ltd. Class A | 1,411,584 | 1,178 | |
* | Beijing Strong Biotechnologies Inc. Class A | 490,185 | 1,175 |
COSCO SHIPPING Energy Transportation Co. Ltd. Class A (XSSC) | 985,500 | 1,175 | |
* | Autobio Diagnostics Co. Ltd. Class A (XSSC) | 62,000 | 1,172 |
Autobio Diagnostics Co. Ltd. Class A (XSHG) | 61,900 | 1,170 | |
Kunwu Jiuding Investment Holdings Co. Ltd. Class A (XSHG) | 319,099 | 1,170 | |
Jiangsu Zhongnan Construction Group Co. Ltd. Class A (XSEC) | 1,031,737 | 1,170 | |
Zhengzhou Yutong Bus Co. Ltd. Class A (XSHG) | 635,800 | 1,170 | |
Metro Land Corp. Ltd. Class A | 2,013,684 | 1,168 | |
Jiangxi Copper Co. Ltd. Class A | 651,444 | 1,168 | |
Ningbo Sanxing Medical Electric Co. Ltd. Class A (XSSC) | 1,089,936 | 1,168 | |
* | CITIC Guoan Information Industry Co. Ltd. Class A (XSHE) | 2,563,300 | 1,167 |
* | Zhejiang Satellite Petrochemical Co. Ltd. Class A (XSHE) | 601,905 | 1,166 |
* | Zhuzhou Hongda Electronics Corp. Ltd. Class A | 332,126 | 1,163 |
* | Rainbow Department Store Co. Ltd. Class A | 903,099 | 1,163 |
Xishui Strong Year Co. Ltd. Inner Mongolia Class A | 1,097,404 | 1,163 | |
Zhejiang Medicine Co. Ltd. Class A (XSHG) | 463,550 | 1,161 | |
Changchunjingkai Group Co. Ltd. Class A | 1,151,871 | 1,159 | |
Fujian Sunner Development Co. Ltd. Class A (XSEC) | 379,367 | 1,158 | |
Ningbo Tuopu Group Co. Ltd. Class A (XSSC) | 344,918 | 1,155 | |
* | Yang Guang Co. Ltd. Class A | 1,520,002 | 1,154 |
China Animal Husbandry Industry Co. Ltd. Class A (XSHG) | 571,928 | 1,153 | |
Ningbo Shanshan Co. Ltd. Class A (XSSC) | 751,323 | 1,152 | |
Gansu Qilianshan Cement Group Co. Ltd. Class A (XSSC) | 497,350 | 1,152 | |
Beijing Electronic Zone High-tech Group Co. Ltd. Class A | 1,692,069 | 1,151 | |
Shenzhen Neptunus Bioengineering Co. Ltd. Class A (XSHE) | 1,950,950 | 1,151 | |
Beijing Urban-Rural Commercial Group Co. Ltd. Class A | 740,548 | 1,150 | |
* | Northeast Pharmaceutical Group Co. Ltd. Class A | 1,130,928 | 1,149 |
Shenzhen Agricultural Products Group Co. Ltd. Class A (XSHE) | 1,056,629 | 1,147 | |
Bluedon Information Security Technology Co. Ltd. Class A | 2,104,556 | 1,146 | |
BTG Hotels Group Co. Ltd. Class A (XSHG) | 499,726 | 1,144 |
25 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hangzhou Oxygen Plant Group Co. Ltd. Class A | 697,450 | 1,143 | |
Guangzhou Pearl River Piano Group Co. Ltd. Class A | 998,531 | 1,140 | |
CECEP Solar Energy Co. Ltd. Class A | 2,436,430 | 1,140 | |
Hunan Aihua Group Co. Ltd. Class A | 293,306 | 1,140 | |
Jiangsu Expressway Co. Ltd. Class A (XSSC) | 766,800 | 1,138 | |
Hesteel Co. Ltd. Class A (XSEC) | 3,934,183 | 1,138 | |
* | Beijing Enterprises Clean Energy Group Ltd. | 276,877,198 | 1,137 |
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A (XSHG) | 262,000 | 1,136 | |
Zheshang Securities Co. Ltd. Class A (XSHG) | 832,600 | 1,136 | |
* | Shenzhen Megmeet Electrical Co. Ltd. Class A | 386,775 | 1,136 |
Huafon Microfibre Shanghai Technology Co. Ltd. Class A (XSHE) | 926,931 | 1,133 | |
Xi'An Shaangu Power Co. Ltd. Class A (XSSC) | 1,340,926 | 1,131 | |
Sinochem International Corp. Class A (XSSC) | 1,629,606 | 1,131 | |
* | Hangzhou Shunwang Technology Co. Ltd. Class A | 416,035 | 1,130 |
Shenzhen Kedali Industry Co. Ltd. Class A | 139,800 | 1,130 | |
* | Beijing Kunlun Tech Co. Ltd. Class A (XSHE) | 392,631 | 1,129 |
Jihua Group Corp. Ltd. Class A (XSHG) | 2,261,000 | 1,128 | |
Yantai Tayho Advanced Materials Co. Ltd. Class A (XSHE) | 668,261 | 1,127 | |
HLA Corp. Ltd. Class A (XSHG) | 1,249,331 | 1,126 | |
* | China Minmetals Rare Earth Co. Ltd. Class A | 793,500 | 1,125 |
Changjiang & Jinggong Steel Building Group Co. Ltd. Class A (XSSC) | 2,308,797 | 1,125 | |
* | State Grid Yingda Co. Ltd. Class A (XSSC) | 1,131,046 | 1,125 |
Shanxi Xishan Coal & Electricity Power Co. Ltd. Class A (XSHE) | 1,685,573 | 1,123 | |
China National Software & Service Co. Ltd. Class A (XSHG) | 97,500 | 1,123 | |
* | Guangdong Marubi Biotechnology Co. Ltd. Class A | 109,566 | 1,123 |
263 Network Communications Co. Ltd. Class A | 1,156,660 | 1,122 | |
* | Zhejiang Hisun Pharmaceutical Co. Ltd. | 568,100 | 1,122 |
*,§ | Mingfa Group International Co. Ltd. | 4,576,880 | 1,116 |
* | Huangshan Novel Co. Ltd. Class A | 876,216 | 1,114 |
* | Solareast Holdings Co. Ltd. Class A | 1,355,759 | 1,113 |
* | Baoding Tianwei Baobian Electric Co. Ltd. Class A | 1,526,601 | 1,112 |
Shanghai Jinjiang International Hotels Co. Ltd. Class A | 269,824 | 1,110 | |
Hangzhou Binjiang Real Estate Group Co. Ltd. Class A (XSHE) | 1,801,683 | 1,109 | |
Tongwei Co. Ltd. Class A (XSHG) | 526,200 | 1,109 | |
Besttone Holdings Co. Ltd. Class A (XSHG) | 457,300 | 1,108 | |
* | Shanghai AtHub Co. Ltd. Class A (XSHG) | 131,900 | 1,108 |
Yunnan Wenshan Electric Power Co. Ltd. Class A | 1,008,527 | 1,104 | |
Xiamen International Airport Co. Ltd. Class A (XSSC) | 440,255 | 1,103 | |
* | Shandong Humon Smelting Co. Ltd. Class A (XSHE) | 550,100 | 1,100 |
China Resources Double Crane Pharmaceutical Co. Ltd. Class A (XSHG) | 613,542 | 1,100 | |
Sailun Group Co. Ltd. (XSHG) | 1,737,560 | 1,098 | |
Jinzhou Port Co. Ltd. Class B | 4,729,000 | 1,098 | |
Rizhao Port Co. Ltd. Class A (XSHG) | 3,208,600 | 1,098 | |
Jiangling Motors Corp. Ltd. Class B | 1,710,310 | 1,098 | |
* | Sangfor Technologies Inc. Class A (XSEC) | 40,700 | 1,098 |
Shenzhen Everwin Precision Technology Co. Ltd. Class A | 403,778 | 1,096 | |
Xiamen Faratronic Co. Ltd. Class A (XSSC) | 148,115 | 1,094 | |
* | Qingdao Rural Commercial Bank Corp. Class A | 1,751,800 | 1,093 |
Greenland Holdings Corp. Ltd. Class A (XSSC) | 1,376,200 | 1,093 | |
Luolai Lifestyle Technology Co. Ltd. Class A (XSHE) | 856,783 | 1,092 | |
Xiamen Comfort Science & Technology Group Co. Ltd. Class A | 865,200 | 1,092 | |
Western Securities Co. Ltd. Class A (XSEC) | 980,368 | 1,092 | |
Jiangnan Mould and Plastic Technology Co. Ltd. Class A | 977,300 | 1,090 | |
^,1 | Everbright Securities Co. Ltd. Class H | 1,764,513 | 1,089 |
* | Yunnan Copper Co. Ltd. Class A (XSEC) | 810,500 | 1,089 |
* | BGI Genomics Co. Ltd. (XSEC) | 74,049 | 1,088 |
Hesteel Co. Ltd. Class A (XSHE) | 3,757,200 | 1,087 | |
Valiant Co. Ltd. Class A (XSHE) | 510,250 | 1,086 | |
Bank of Qingdao Co. Ltd. Class A | 1,551,800 | 1,085 | |
Shinva Medical Instrument Co. Ltd. Class A (XSSC) | 493,041 | 1,085 | |
Wuhan Yangtze Communications Industry Group Co. Ltd. Class A | 375,860 | 1,083 | |
* | Huatian Hotel Group Co. Ltd. Class A | 2,175,677 | 1,083 |
* | Chongqing Iron & Steel Co. Ltd. Class A (XSHG) | 5,006,188 | 1,081 |
LianChuang Electronic Technology Co. Ltd. Class A | 575,124 | 1,080 |
26 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Fujian Aonong Biological Technology Group Inc. Ltd. Class A | 362,500 | 1,080 |
* | Hengdian Entertainment Co. Ltd. Class A | 526,122 | 1,079 |
Shenzhen Everwin Precision Technology Co. Ltd. | 397,066 | 1,078 | |
Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 1,475,460 | 1,077 | |
Zhejiang Daily Digital Culture Group Co. Ltd. Class A (XSHG) | 807,800 | 1,076 | |
Long Yuan Construction Group Co. Ltd. Class A (XSSC) | 807,324 | 1,076 | |
Grinm Advanced Materials Co. Ltd. Class A (XSSC) | 613,000 | 1,075 | |
Shanghai Shyndec Pharmaceutical Co. Ltd. Class A | 831,538 | 1,075 | |
Shanghai AJ Group Co. Ltd. Class A (XSHG) | 966,398 | 1,072 | |
Xinhua Winshare Publishing and Media Co. Ltd. Class H | 1,554,524 | 1,070 | |
BGI Genomics Co. Ltd. (XSHE) | 72,800 | 1,070 | |
Guilin Tourism Co. Ltd. Class A | 1,623,123 | 1,069 | |
* | CNOOC Energy Technology & Services Ltd. Class A | 3,271,400 | 1,069 |
Shenzhen YUTO Packaging Technology Co. Ltd. Class A (XSEC) | 312,660 | 1,068 | |
Fujian Torch Electron Technology Co. Ltd. Class A | 304,312 | 1,068 | |
Nanjing Hanrui Cobalt Co. Ltd. Class A (XSHE) | 162,400 | 1,068 | |
Beijing Orient National Communication Science & Technology Co. Ltd. | 511,595 | 1,067 | |
Zhejiang Dingli Machinery Co. Ltd. Class A (XSHG) | 96,320 | 1,066 | |
Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A (XSEC) | 152,100 | 1,065 | |
* | Sou Yu Te Group Co. Ltd. Class A | 2,415,182 | 1,065 |
* | Shenyang Jinbei Automotive Co. Ltd. Class A | 1,672,301 | 1,064 |
Jiangsu Asia-Pacific Light Alloy Technology Co. Ltd. Class A | 1,778,766 | 1,063 | |
Wuchan Zhongda Group Co. Ltd. Class A (XSHG) | 1,612,815 | 1,063 | |
Xinyu Iron & Steel Co. Ltd. Class A | 1,870,600 | 1,063 | |
Changhong Meiling Co. Ltd. Class A | 2,685,828 | 1,061 | |
Tianjin 712 Communication & Broadcasting Co. Ltd. Class A (XSHG) | 288,300 | 1,061 | |
Shanghai Jahwa United Co. Ltd. Class A (XSHG) | 232,700 | 1,061 | |
Luyang Energy-Saving Materials Co. Ltd. | 815,725 | 1,060 | |
Fujian Cement Inc. Class A (XSHG) | 612,500 | 1,059 | |
* | Weihai Guangwei Composites Co. Ltd. | 138,100 | 1,058 |
Guizhou Panjiang Refined Coal Co. Ltd. Class A (XSHG) | 1,466,300 | 1,058 | |
Xiamen Meiya Pico Information Co. Ltd. Class A (XSHE) | 350,605 | 1,056 | |
Tianjin ZhongXin Pharmaceutical Group Corp. Ltd. Class A (XSSC) | 540,729 | 1,055 | |
Guangdong Taiantang Pharmaceutical Co. Ltd. Class A | 1,691,178 | 1,055 | |
Yuan Longping High-tech Agriculture Co. Ltd. Class A (XSEC) | 460,100 | 1,055 | |
* | Riyue Heavy Industry Co. Ltd. Class A | 359,400 | 1,053 |
Jiangsu Huaxicun Co. Ltd. Class A | 704,200 | 1,053 | |
Guizhou Space Appliance Co. Ltd. Class A | 279,450 | 1,052 | |
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A (XSEC) | 207,200 | 1,052 | |
Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 1,679,432 | 1,051 | |
Changsha Jingjia Microelectronics Co. Ltd. Class A (XSHE) | 136,638 | 1,051 | |
* | Bank of Xi'an Co. Ltd. Class A | 1,374,700 | 1,050 |
Guanghui Energy Co. Ltd. Class A (XSSC) | 2,951,612 | 1,049 | |
China Automotive Engineering Research Institute Co. Ltd. Class A | 850,441 | 1,049 | |
Zhuhai Orbita Aerospace Science & Technology Co. Ltd. Class A | 715,608 | 1,048 | |
Shanghai Hile Bio-Technology Co. Ltd. Class A | 433,341 | 1,048 | |
* | Henan Taloph Pharmaceutical Stock Co. Ltd. Class A | 1,275,030 | 1,048 |
* | Beijing UniStrong Science & Technology Co. Ltd. Class A | 758,400 | 1,047 |
Beijing Gehua CATV Network Co. Ltd. Class A (XSHG) | 880,900 | 1,046 | |
Tianjin Capital Environmental Protection Group Co. Ltd. Class H | 3,277,266 | 1,045 | |
* | Suzhou New District Hi-Tech Industrial Co. Ltd. Class A (XSSC) | 1,415,906 | 1,045 |
Yantai Jereh Oilfield Services Group Co. Ltd. Class A (XSEC) | 298,682 | 1,045 | |
China Spacesat Co. Ltd. Class A (XSHG) | 226,387 | 1,044 | |
Fiberhome Telecommunication Technologies Co. Ltd. Class A (XSHG) | 233,300 | 1,042 | |
Shanghai SMI Holding Co. Ltd. Class A (XSHG) | 1,434,645 | 1,041 | |
Yunnan Chihong Zinc&Germanium Co. Ltd. Class A (XSSC) | 2,126,424 | 1,039 | |
China Merchants Port Group Co. Ltd. Class B | 1,120,700 | 1,039 | |
Anhui Guofeng Plastic Industry Co. Ltd. Class A | 1,347,300 | 1,039 | |
Shenzhen Guangju Energy Co. Ltd. Class A | 684,388 | 1,038 | |
Hangzhou Advance Gearbox Group Co. Ltd. Class A | 942,109 | 1,037 | |
* | Bestsun Energy Co. Ltd. Class A | 1,349,376 | 1,037 |
Bright Real Estate Group Co. Ltd. Class A (XSSC) | 2,494,774 | 1,035 | |
* | Wuhan P&S Information Technology Co. Ltd. Class A | 1,031,500 | 1,035 |
Hubei Kaile Science & Technology Co. Ltd. Class A (XSSC) | 489,492 | 1,035 |
27 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Zhejiang Zheneng Electric Power Co. Ltd. Class A (XSHG) | 2,095,862 | 1,032 | |
Kingfa Sci & Tech Co. Ltd. Class A (XSSC) | 755,423 | 1,031 | |
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class A | 231,660 | 1,031 | |
* | China Reform Health Management and Services Group Co. Ltd. Class A (XSHE) | 668,292 | 1,029 |
Zhejiang Conba Pharmaceutical Co. Ltd. Class A (XSSC) | 1,422,461 | 1,028 | |
China Zhenhua Group Science & Technology Co. Ltd. Class A (XSEC) | 361,800 | 1,028 | |
Beijing Dalong Weiye Real Estate Development Co. Ltd. Class A | 2,920,409 | 1,026 | |
Shanghai Yaoji Technology Co. Ltd. Class A | 262,459 | 1,024 | |
Guilin Sanjin Pharmaceutical Co. Ltd. Class A | 563,464 | 1,024 | |
China Wuyi Co. Ltd. Class A | 2,004,911 | 1,024 | |
Sino GeoPhysical Co. Ltd. Class A | 446,065 | 1,023 | |
Beijing Capital Co. Ltd. Class A (XSSC) | 2,205,443 | 1,023 | |
Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A (XSHG) | 548,200 | 1,023 | |
Guangzhou Haige Communications Group Inc. Co. Class A (XSEC) | 602,800 | 1,023 | |
* | Pacific Securities Co. Ltd. China Class A (XSHG) | 2,246,635 | 1,022 |
Suning Universal Co. Ltd. Class A (XSHE) | 2,183,210 | 1,022 | |
* | Hunan Jingfeng Pharmaceutical Co. Ltd. Class A | 1,759,953 | 1,021 |
Wuxi Commercial Mansion Grand Orient Co. Ltd. Class A (XSSC) | 1,934,925 | 1,021 | |
* | Tianjin Realty Development Group Co. Ltd. Class A | 2,925,000 | 1,021 |
* | Talkweb Information System Co. Ltd. Class A (XSHE) | 844,649 | 1,020 |
Hengli Petrochemical Co. Ltd. Class A (XSSC) | 514,900 | 1,018 | |
Shenghe Resources Holding Co. Ltd. Class A (XSHG) | 1,051,830 | 1,017 | |
* | Shanghai Phoenix Enterprise Group Co. Ltd. Class B | 2,996,800 | 1,016 |
* | Jiangsu Guoxin Corp. Ltd. Class A | 1,130,100 | 1,016 |
Bank of Chengdu Co. Ltd. Class A (XSHG) | 930,600 | 1,016 | |
Hengtong Optic-electric Co. Ltd. Class A (XSHG) | 433,160 | 1,016 | |
* | China Aluminum International Engineering Corp. Ltd. Class A | 1,830,300 | 1,015 |
Shandong New Beiyang Information Technology Co. Ltd. Class A | 721,300 | 1,014 | |
Zhejiang Semir Garment Co. Ltd. Class A (XSHE) | 1,005,620 | 1,013 | |
Shenzhen SDG Information Co. Ltd. Class A | 784,994 | 1,009 | |
Tianjin Tianyao Pharmaceutical Co. Ltd. Class A | 1,597,548 | 1,009 | |
Insigma Technology Co. Ltd. Class A | 844,000 | 1,008 | |
Jiangsu Guotai International Group Guomao Co. Ltd. Class A (XSEC) | 1,176,671 | 1,007 | |
Huizhou Speed Wireless Technology Co. Ltd. Class A | 443,300 | 1,005 | |
Shanghai Construction Group Co. Ltd. Class A (XSHG) | 2,169,991 | 1,005 | |
* | Shenzhen Das Intellitech Co. Ltd. Class A | 1,832,196 | 1,005 |
Founder Technology Group Corp. Class A (XSSC) | 2,014,872 | 1,003 | |
Everbright Securities Co. Ltd. Class A (XSHG) | 640,900 | 1,002 | |
* | Chifeng Jilong Gold Mining Co. Ltd. Class A | 854,988 | 1,000 |
* | Hainan Haiyao Co. Ltd. Class A | 1,002,800 | 999 |
Beijing Tongrentang Co. Ltd. Class A (XSHG) | 274,800 | 995 | |
Sunsea AIoT Technology Co. Ltd. Class A | 407,845 | 995 | |
Shanghai Kaibao Pharmaceutical Co. Ltd. Class A | 1,345,208 | 993 | |
Changchun Faway Automobile Components Co. Ltd. Class A (XSSC) | 744,684 | 990 | |
Shenzhen Gas Corp. Ltd. Class A (XSHG) | 939,116 | 989 | |
Beijing Science Sun Pharmaceutical Co. Ltd. Class A | 453,922 | 988 | |
Anhui Kouzi Distillery Co. Ltd. Class A (XSSC) | 170,227 | 988 | |
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 489,657 | 987 | |
Guangxi Liuzhou Pharmaceutical Co. Ltd. Class A | 208,976 | 986 | |
Zhejiang Longsheng Group Co. Ltd. Class A (XSHG) | 581,200 | 985 | |
* | Bank of Suzhou Co. Ltd. Class A | 813,700 | 985 |
* | Shenzhen Anche Technologies Co. Ltd. Class A | 150,000 | 980 |
* | CQ Pharmaceutical Holding Co. Ltd. Class A | 1,366,500 | 980 |
Shanghai Hanbell Precise Machinery Co. Ltd. Class A | 560,880 | 979 | |
Xinxiang Chemical Fiber Co. Ltd. Class A | 1,877,149 | 978 | |
Hangxiao Steel Structure Co. Ltd. Class A | 1,786,435 | 978 | |
JiuGui Liquor Co. Ltd. Class A (XSHE) | 217,000 | 976 | |
Square Technology Group Co. Ltd. Class A | 514,064 | 976 | |
* | Electric Connector Technology Co. Ltd. Class A | 210,770 | 975 |
Suzhou Good-Ark Electronics Co. Ltd. Class A | 719,200 | 974 | |
Markor International Home Furnishings Co. Ltd. Class A | 1,715,635 | 973 | |
* | Yunnan Coal & Energy Co. Ltd. Class A | 2,410,493 | 972 |
Shanghai Industrial Development Co. Ltd. Class A (XSSC) | 1,323,492 | 969 | |
Financial Street Holdings Co. Ltd. Class A (XSEC) | 990,960 | 968 |
28 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Changjiang Securities Co. Ltd. Class A (XSEC) | 1,087,786 | 968 | |
Shandong Shanda WIT Science & Tech Co. Ltd. Class A | 273,150 | 967 | |
Yantai Tayho Advanced Materials Co. Ltd. Class A (XSEC) | 572,800 | 966 | |
G-bits Network Technology Xiamen Co. Ltd. Class A (XSSC) | 18,100 | 965 | |
Huafu Fashion Co. Ltd. Class A | 1,360,510 | 964 | |
Chongqing Taiji Industry Group Co. Ltd. Class A | 554,600 | 964 | |
Anhui Sun-Create Electronics Co. Ltd. Class A | 180,400 | 963 | |
Wuxi Huadong Heavy Machinery Co. Ltd. Class A | 1,487,358 | 963 | |
Hunan Er-Kang Pharmaceutical Co. Ltd. Class A | 1,676,979 | 963 | |
Baoxiniao Holding Co. Ltd. Class A | 2,412,700 | 962 | |
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A (XSHG) | 541,421 | 962 | |
Jiuzhitang Co. Ltd. Class A | 745,255 | 961 | |
China Shenhua Energy Co. Ltd. Class A (XSHG) | 427,130 | 960 | |
Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 690,442 | 958 | |
* | Tangrenshen Group Co. Ltd. Class A | 666,950 | 956 |
Beijing Orient National Communication Science & Technology Co. Ltd. Class A | 458,601 | 956 | |
Jiangsu Sunshine Co. Ltd. Class A | 3,160,555 | 956 | |
* | Beijing Centergate Technologies Holding Co. Ltd. Class A | 773,948 | 956 |
Jiangsu Kanion Pharmaceutical Co. Ltd. Class A (XSHG) | 505,566 | 954 | |
Huagong Tech Co. Ltd. Class A (XSEC) | 327,600 | 954 | |
Tus Environmental Science And Technology Development Co. Ltd. Class A (XSHE) | 845,482 | 954 | |
Shenzhen Huaqiang Industry Co. Ltd. Class A (XSHE) | 540,270 | 953 | |
Shenzhen Desay Battery Technology Co. Class A | 184,400 | 952 | |
* | Datang Telecom Technology Co. Ltd. Class A | 758,400 | 952 |
* | CITIC Press Corp. Class A | 147,500 | 952 |
Shenzhen Overseas Chinese Town Co. Ltd. Class A (XSEC) | 1,035,300 | 950 | |
Tasly Pharmaceutical Group Co. Ltd. Class A (XSHG) | 482,342 | 948 | |
* | Montnets Rongxin Technology Group Co. Ltd. Class A (XSHE) | 437,000 | 948 |
Better Life Commercial Chain Share Co. Ltd. Class A | 672,220 | 947 | |
Guangzhou Guangri Stock Co. Ltd. Class A (XSHG) | 961,200 | 944 | |
Grandblue Environment Co. Ltd. Class A (XSHG) | 316,000 | 944 | |
* | Huaihe Energy Group Co. Ltd. Class A | 2,913,300 | 944 |
Guangdong Vanward New Electric Co. Ltd. Class A | 841,940 | 944 | |
* | Guizhou Tyre Co. Ltd. Class A | 1,706,276 | 943 |
Shenzhen Kaifa Technology Co. Ltd. Class A (XSEC) | 332,700 | 942 | |
Spring Airlines Co. Ltd. Class A (XSHG) | 179,600 | 942 | |
* | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A (XSHE) | 426,300 | 942 |
TDG Holdings Co. Ltd. Class A | 762,800 | 941 | |
Hunan TV & Broadcast Intermediary Co. Ltd. Class A | 1,059,900 | 941 | |
* | Maoye Commericial Co. Ltd. Class A (XSSC) | 1,777,987 | 940 |
* | Sichuan Shuangma Cement Co. Ltd. Class A (XSHE) | 484,900 | 938 |
Chongqing Sokon Industry Group Co. Ltd. Class A | 817,728 | 938 | |
AVIC Electromechanical Systems Co. Ltd. Class A (XSEC) | 803,745 | 935 | |
Xiamen Intretech Inc. Class A | 126,700 | 934 | |
Beijing Lier High-temperature Materials Co. Ltd. Class A | 1,731,571 | 934 | |
Puyang Refractories Group Co. Ltd. Class A | 1,516,881 | 933 | |
Shanghai Flyco Electrical Appliance Co. Ltd. Class A | 189,900 | 933 | |
CITIC Heavy Industries Co. Ltd. Class A (XSHG) | 1,770,752 | 930 | |
Westone Information Industry Inc. Class A (XSEC) | 293,894 | 930 | |
Shanghai Tofflon Science & Technology Co. Ltd. Class A | 741,754 | 930 | |
Zhejiang Huayou Cobalt Co. Ltd. Class A (XSSC) | 194,070 | 929 | |
Guangxi Guiguan Electric Power Co. Ltd. Class A (XSSC) | 1,527,966 | 927 | |
Jilin Sino-Microelectronics Co. Ltd. Class A | 875,810 | 924 | |
Zhongjin Gold Corp. Ltd. Class A (XSHG) | 781,160 | 924 | |
Yealink Network Technology Corp. Ltd. Class A (XSEC) | 72,773 | 924 | |
* | First Tractor Co. Ltd. Class A (XSSC) | 935,289 | 923 |
Thinkingdom Media Group Ltd. Class A | 113,436 | 923 | |
Lushang Health Industry Development Co. Ltd. Class A | 925,879 | 922 | |
* | Neusoft Corp. Class A (XSSC) | 593,614 | 921 |
Wanxiang Qianchao Co. Ltd. Class A (XSHE) | 1,320,379 | 920 | |
Nanjing Pharmaceutical Co. Ltd. Class A | 1,494,262 | 920 | |
§ | Tahoe Group Co. Ltd. Class A (XSHE) | 1,471,400 | 920 |
Hunan Mendale Hometextile Co. Ltd. Class A | 1,520,254 | 919 | |
Beijing North Star Co. Ltd. Class A (XSSC) | 2,397,815 | 919 |
29 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Changshu Tianyin Electromechanical Co. Ltd. Class A | 348,793 | 918 | |
* | Inner Mongolia Xingye Mining Co. Ltd. Class A (XSHE) | 1,276,772 | 918 |
Aerospace CH UAV Co. Ltd. (XSHE) | 542,800 | 917 | |
Eastern Communications Co. Ltd. Class A (XSHG) | 392,200 | 915 | |
Anhui Korrun Co. Ltd. Class A | 251,860 | 914 | |
* | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A (XSEC) | 85,684 | 914 |
Xiamen Meiya Pico Information Co. Ltd. Class A (XSEC) | 303,200 | 914 | |
Sichuan Meifeng Chemical IND Class A | 1,301,751 | 913 | |
FAW CAR Co. Ltd. Class A (XSEC) | 650,200 | 910 | |
Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSHG) | 2,555,201 | 910 | |
* | Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 1,390,724 | 909 |
GCI Science & Technology Co. Ltd. Class A | 463,600 | 907 | |
* | Leo Group Co. Ltd. Class A (XSEC) | 1,715,500 | 906 |
Tian Di Science & Technology Co. Ltd. Class A (XSSC) | 2,118,939 | 906 | |
Hongli Zhihui Group Co. Ltd. Class A | 778,100 | 905 | |
Jiangsu Broadcasting Cable Information Network Corp. Ltd. Class A (XSSC) | 1,849,689 | 904 | |
Yunnan Energy New Material Co. Ltd. (XSEC) | 119,000 | 902 | |
Fujian Longking Co. Ltd. Class A (XSSC) | 718,680 | 902 | |
Dong-E-E-Jiao Co. Ltd. Class A (XSEC) | 207,500 | 900 | |
China Railway Hi-tech Industry Co. Ltd. Class A (XSSC) | 655,983 | 899 | |
Saurer Intelligent Technology Co. Ltd. Class A (XSSC) | 1,270,500 | 899 | |
Guangshen Railway Co. Ltd. Class A (XSSC) | 2,686,634 | 898 | |
Ecovacs Robotics Co. Ltd. Class A (XSHG) | 327,585 | 898 | |
Northern United Publishing & Media Group Co. Ltd. Class A | 1,073,800 | 898 | |
Jinyu Bio-Technology Co. Ltd. Class A (XSHG) | 268,996 | 898 | |
* | Jiangsu SINOJIT Wind Energy Technology Co. Ltd. Class A (XSSC) | 2,323,427 | 896 |
Shaanxi Yanchang Petroleum Chemical Engineering Co. Ltd. Class A | 1,639,667 | 896 | |
CMST Development Co. Ltd. Class A (XSSC) | 1,344,231 | 896 | |
All Winner Technology Co. Ltd. Class A | 224,500 | 896 | |
Shanxi Coking Co. Ltd. Class A | 1,145,600 | 896 | |
Tianjin Lisheng Pharmaceutical Co. Ltd. Class A | 270,403 | 894 | |
Fortune Ng Fung Food Hebei Co. Ltd. Class A | 930,674 | 894 | |
* | Shanghai Aerospace Automobile Electromechanical Co. Ltd. Class A | 1,444,129 | 894 |
* | Kingenta Ecological Engineering Group Co. Ltd. Class A (XSHE) | 2,362,788 | 892 |
Hangzhou Electronic Soul Network Technology Co. Ltd. Class A | 192,009 | 892 | |
Sunny Loan Top Co. Ltd. Class A (XSSC) | 1,074,547 | 892 | |
Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A (XSSC) | 1,114,602 | 892 | |
Sichuan Changhong Electric Co. Ltd. Class A (XSHG) | 2,438,900 | 891 | |
* | Jilin Jian Yisheng Pharmaceutical Co. Ltd. Class A | 915,086 | 891 |
Gansu Jingyuan Coal Industry and Electricity Power Co. Ltd. Class A | 2,791,386 | 886 | |
Chengtun Mining Group Co. Ltd. Class A (XSSC) | 1,600,162 | 885 | |
* | Tsinghua Tongfang Co. Ltd. Class A (XSSC) | 863,708 | 885 |
Sichuan Expressway Co. Ltd. Class A (XSSC) | 1,682,510 | 884 | |
* | Gansu Jiu Steel Group Hongxing Iron & Steel Co. Ltd. Class A (XSHG) | 3,705,800 | 883 |
* | Client Service International Inc. Class A | 268,945 | 881 |
* | Zhejiang Meida Industrial Co. Ltd. Class A | 572,800 | 881 |
Shanghai Jahwa United Co. Ltd. Class A (XSSC) | 193,125 | 880 | |
Zhejiang Yongtai Technology Co. Ltd. Class A (XSHE) | 563,626 | 880 | |
* | Jafron Biomedical Co. Ltd. Class A (XSEC) | 56,300 | 879 |
Shanghai Electric Power Co. Ltd. Class A (XSSC) | 844,723 | 879 | |
Changsha Jingjia Microelectronics Co. Ltd. Class A (XSEC) | 114,100 | 878 | |
Ningbo Huaxiang Electronic Co. Ltd. Class A (XSHE) | 354,700 | 877 | |
* | Wuhu Conch Profiles and Science Co. Ltd. Class A | 1,315,613 | 876 |
Xuji Electric Co. Ltd. Class A (XSHE) | 443,400 | 876 | |
HyUnion Holding Co. Ltd. Class A | 1,013,582 | 875 | |
Shandong Hi-speed Co. Ltd. Class A (XSHG) | 1,057,400 | 874 | |
1 | Beijing Urban Construction Design & Development Group Co. Ltd. Class H | 3,193,580 | 873 |
* | Vcanbio Cell & Gene Engineering Corp. Ltd. Class A (XSHG) | 332,400 | 873 |
* | Dare Power Dekor Home Co. Ltd. Class A | 562,739 | 872 |
* | Baiyin Nonferrous Group Co. Ltd. Class A | 2,354,000 | 872 |
Shanghai Electric Power Co. Ltd. Class A (XSHG) | 836,400 | 870 | |
Shanghai Dazhong Public Utilities Group Co. Ltd. Class A (XSHG) | 1,437,500 | 868 | |
Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A (XSHE) | 689,408 | 868 | |
Baosheng Science and Technology Innovation Co. Ltd. Class A (XSSC) | 1,454,355 | 867 |
30 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | COSCO SHIPPING Holdings Co. Ltd. Class A | 1,715,291 | 867 |
Hunan Friendship & Apollo Commercial Co. Ltd. Class A | 1,641,000 | 865 | |
Nanjing Chixia Development Co. Ltd. Class A | 1,765,800 | 865 | |
China Railway Construction Corp. Ltd. Class A (XSHG) | 631,100 | 865 | |
Oriental Pearl Group Co. Ltd. Class A (XSHG) | 681,996 | 864 | |
Fujian Expressway Development Co. Ltd. Class A (XSHG) | 2,156,400 | 863 | |
* | Shandong Xinchao Energy Corp. Ltd. Class A (XSHG) | 3,400,300 | 862 |
* | Yunnan Tin Co. Ltd. Class A (XSEC) | 726,899 | 862 |
* | Hebei Yangyuan Zhihui Beverage Co. Ltd. Class A | 230,294 | 860 |
Jiangsu Hongdou Industrial Co. Ltd. Class A (XSSC) | 1,759,053 | 858 | |
Hubei Jumpcan Pharmaceutical Co. Ltd. Class A (XSSC) | 294,047 | 858 | |
Guangdong Advertising Group Co. Ltd. Class A | 1,247,122 | 858 | |
Shede Spirits Co. Ltd. Class A | 254,113 | 857 | |
Shanghai Tianchen Co. Ltd. Class A | 1,088,338 | 855 | |
* | Dr Peng Telecom & Media Group Co. Ltd. Class A (XSSC) | 843,964 | 854 |
Yantai Changyu Pioneer Wine Co. Ltd. Class A | 250,045 | 854 | |
Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A (XSHG) | 1,066,800 | 853 | |
MLS Co. Ltd. | 527,400 | 853 | |
Chinadive Watersports Inc. Class A | 52,400 | 852 | |
Beijing Aerospace Changfeng Co. Ltd. Class A | 339,187 | 852 | |
5I5J Holding Group Co. Ltd. Class A (XSHE) | 1,773,003 | 851 | |
Liaoning Hongyang Energy Resource Invest Co. Ltd. Class A | 1,758,241 | 851 | |
* | Landing International Development Ltd. | 21,647,572 | 850 |
Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A (XSSC) | 443,776 | 850 | |
Shenzhen Topway Video Communication Co. Ltd. Class A | 625,920 | 850 | |
Guangdong Shirongzhaoye Co. Ltd. Class A (XSHE) | 916,961 | 848 | |
* | China Aerospace Times Electronics Co. Ltd. Class A (XSHG) | 924,160 | 848 |
* | Shandong Minhe Animal Husbandry Co. Ltd. Class A | 254,283 | 847 |
Inner Mongolia Lantai Industrial Co. Ltd. Class A | 802,400 | 845 | |
* | Jiangsu Financial Leasing Co. Ltd. Class A (XSSC) | 1,143,745 | 845 |
Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 582,116 | 844 | |
Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A | 440,350 | 842 | |
Suzhou Electrical Apparatus Science Academy Co. Ltd. Class A | 884,800 | 841 | |
CSG Smart Science&Technology Co. Ltd. Class A | 756,395 | 838 | |
Guomai Technologies Inc. Class A (XSHE) | 680,179 | 837 | |
* | Rising Nonferrous Metals Share Co. Ltd. Class A | 208,320 | 837 |
Shanghai Xujiahui Commercial Co. Ltd. Class A | 786,770 | 837 | |
Beijing Shunxin Agriculture Co. Ltd. Class A (XSEC) | 109,592 | 836 | |
Fujian Apex Software Co. Ltd. Class A | 107,000 | 835 | |
Hangzhou Silan Microelectronics Co. Ltd. Class A (XSHG) | 419,500 | 834 | |
Shanghai Baosteel Packaging Co. Ltd. Class A | 1,258,200 | 833 | |
Hubei Chutian Smart Communication Co. Ltd. Class A | 1,807,951 | 833 | |
Hakim Unique Internet Co. Ltd. Class A | 949,498 | 833 | |
Enjoyor Co. Ltd. Class A | 602,900 | 832 | |
* | Jiangsu Suzhou Rural Commercial Bank Co. Ltd. Class A | 1,330,800 | 831 |
Shenzhen Center Power Tech Co. Ltd. Class A | 281,850 | 830 | |
Angel Yeast Co. Ltd. Class A (XSSC) | 158,888 | 830 | |
Shenzhen YUTO Packaging Technology Co. Ltd. Class A (XSHE) | 242,539 | 829 | |
BTG Hotels Group Co. Ltd. Class A (XSSC) | 361,800 | 828 | |
Hang Zhou Great Star Industrial Co. Ltd. Class A (XSHE) | 601,900 | 828 | |
Shandong Buchang Pharmaceuticals Co. Ltd. Class A | 268,122 | 827 | |
* | Ningxia Western Venture Industrial Co. Ltd. Class A | 2,071,451 | 827 |
FAW CAR Co. Ltd. Class A (XSHE) | 589,943 | 826 | |
China Resources Double Crane Pharmaceutical Co. Ltd. Class A (XSSC) | 460,351 | 826 | |
Shenzhen Deren Electronic Co. Ltd. Class A | 505,251 | 825 | |
* | Heilongjiang Interchina Water Treatment Co. Ltd. Class A | 2,623,124 | 825 |
AUCMA Co. Ltd. Class A | 1,103,101 | 825 | |
Yibin Tianyuan Group Co. Ltd. Class A | 1,120,929 | 825 | |
* | Huadian Energy Co. Ltd. Class B | 7,114,300 | 825 |
Wenfeng Great World Chain Development Corp. Class A (XSSC) | 1,921,613 | 824 | |
Shandong Chenming Paper Holdings Ltd. Class A (XSHE) | 1,192,350 | 823 | |
Avic Capital Co. Ltd. Class A (XSHG) | 1,493,800 | 823 | |
Konfoong Materials International Co. Ltd. Class A (XSHE) | 111,476 | 822 | |
Chengdu Hongqi Chain Co. Ltd. Class A | 591,600 | 821 |
31 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A (XSSC) | 727,579 | 820 | |
Huadian Power International Corp. Ltd. Class A (XSHG) | 1,581,717 | 820 | |
Genimous Technology Co. Ltd. Class A (XSEC) | 787,000 | 819 | |
* | China Aerospace Times Electronics Co. Ltd. Class A (XSSC) | 892,100 | 818 |
Liaoning Wellhope Agri-Tech JSC Ltd. Class A (XSSC) | 388,601 | 818 | |
* | Beijing Shougang Co. Ltd. Class A (XSHE) | 1,993,600 | 816 |
Hangzhou Zhongheng Electric Co. Ltd. Class A (XSEC) | 428,200 | 816 | |
Guangshen Railway Co. Ltd. Class A (XSHG) | 2,437,700 | 815 | |
Huadian Heavy Industries Co. Ltd. Class A (XSSC) | 1,526,509 | 815 | |
China National Medicines Corp. Ltd. Class A (XSHG) | 185,586 | 815 | |
* | Gohigh Data Networks Technology Co. Ltd. Class A | 856,940 | 814 |
Guangdong Ellington Electronics Technology Co. Ltd. Class A (XSSC) | 562,164 | 812 | |
Sino Wealth Electronic Ltd. Class A (XSHE) | 169,240 | 812 | |
Offshore Oil Engineering Co. Ltd. Class A (XSHG) | 1,162,500 | 810 | |
Fujian Longma Environmental Sanitation Equipment Co. Ltd. Class A | 321,020 | 810 | |
* | Western Mining Co. Ltd. Class A (XSSC) | 1,053,500 | 809 |
* | Xuchang Yuandong Drive Shaft Co. Ltd. Class A | 1,033,700 | 809 |
Glarun Technology Co. Ltd. Class A (XSSC) | 392,641 | 809 | |
Changjiang Publishing & Media Co. Ltd. Class A | 1,105,865 | 809 | |
Beijing SL Pharmaceutical Co. Ltd. Class A (XSHE) | 518,850 | 809 | |
Zhejiang Jinke Culture Industry Co. Ltd. Class A | 2,493,445 | 807 | |
* | Sealand Securities Co. Ltd. Class A (XSEC) | 1,330,030 | 807 |
* | COFCO Tunhe Sugar Co. Ltd. Class A | 703,662 | 806 |
Shanghai Mechanical and Electrical Industry Co. Ltd. Class A (XSHG) | 385,100 | 805 | |
Shanghai Pret Composites Co. Ltd. Class A (XSEC) | 433,268 | 804 | |
Luxin Venture Capital Group Co. Ltd. Class A (XSHG) | 417,700 | 804 | |
* | Suzhou Chunxing Precision Mechanical Co. Ltd. Class A (XSHE) | 781,900 | 803 |
Beijing Sanlian Hope Shin-Gosen Technical Service Co. Ltd. Class A | 345,642 | 801 | |
Transfar Zhilian Co. Ltd. Class A (XSHE) | 927,422 | 800 | |
Renhe Pharmacy Co. Ltd. Class A (XSHE) | 941,747 | 800 | |
Henan Mingtai Al Industrial Co. Ltd. Class A | 616,254 | 799 | |
Shanghai Runda Medical Technology Co. Ltd. Class A | 580,320 | 798 | |
Kingsignal Technology Co. Ltd. Class A | 620,360 | 797 | |
Tianjin Port Co. Ltd. Class A (XSHG) | 1,054,075 | 797 | |
Shanxi Securities Co. Ltd. Class A (XSEC) | 803,700 | 796 | |
* | Bank of Zhengzhou Co. Ltd. Class A (XSEC) | 1,465,329 | 796 |
Shanghai 2345 Network Holding Group Co. Ltd. Class A (XSEC) | 1,913,913 | 796 | |
China Publishing & Media Co. Ltd. Class A | 1,075,300 | 796 | |
Xinjiang Tianfu Energy Co. Ltd. Class A (XSSC) | 1,877,888 | 796 | |
Visual China Group Co. Ltd. Class A (XSHE) | 323,812 | 796 | |
Daheng New Epoch Technology Inc. Class A | 518,400 | 791 | |
Inspur Software Co. Ltd. Class A (XSSC) | 312,726 | 789 | |
* | Wutong Holding Group Co. Ltd. Class A | 1,092,522 | 789 |
Guangzhou Port Co. Ltd. Class A | 1,745,300 | 788 | |
DongFeng Automobile Co. Ltd. Class A | 1,412,412 | 788 | |
Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A (XSHE) | 681,807 | 788 | |
* | Dawning Information Industry Co. Ltd. Class A (XSHG) | 116,480 | 788 |
Tianjin Port Development Holdings Ltd. | 11,791,162 | 788 | |
Shanghai Putailai New Energy Technology Co. Ltd. Class A (XSSC) | 73,300 | 788 | |
* | Zhejiang Huatong Meat Products Co. Ltd. Class A | 347,700 | 787 |
Beijing SL Pharmaceutical Co. Ltd. Class A (XSEC) | 505,196 | 787 | |
* | Shaanxi Fenghuo Electronics Co. Ltd. Class A | 864,429 | 786 |
Beijing Sanyuan Foods Co. Ltd. Class A | 1,155,178 | 786 | |
Southwest Securities Co. Ltd. Class A (XSHG) | 1,241,806 | 785 | |
Hubei Kaile Science & Technology Co. Ltd. Class A (XSHG) | 371,420 | 785 | |
Lingyun Industrial Corp. Ltd. Class A (XSSC) | 540,723 | 785 | |
Sundy Land Investment Co. Ltd. Class A | 1,809,600 | 784 | |
Hangzhou Weiguang Electronic Co. Ltd. Class A | 158,500 | 784 | |
Norinco International Cooperation Ltd. Class A | 725,850 | 783 | |
* | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A | 3,088,732 | 783 |
Wuhan Jingce Electronic Group Co. Ltd. Class A (XSHE) | 82,677 | 782 | |
Liaoning Wellhope Agri-Tech JSC Ltd. Class A (XSHG) | 371,300 | 782 | |
* | Jilin Power Share Co. Ltd. Class A | 1,452,680 | 782 |
Anhui Huamao Textile Co. Class A | 1,495,364 | 781 |
32 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A (XSHE) | 1,116,230 | 781 |
Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A (XSSC) | 642,481 | 781 | |
Haoxiangni Health Food Co. Ltd. Class A | 612,988 | 781 | |
Bros Eastern Co. Ltd. Class A (XSSC) | 1,661,679 | 780 | |
Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 380,600 | 777 | |
Ningbo Tuopu Group Co. Ltd. Class A (XSHG) | 231,855 | 777 | |
* | Xinjiang Beixin Road & Bridge Group Co. Ltd. Class A | 959,360 | 776 |
Beyondsoft Corp. Class A | 638,200 | 776 | |
China Jushi Co. Ltd. Class A (XSHG) | 629,798 | 776 | |
* | Shantou Dongfeng Printing Co. Ltd. Class A (XSSC) | 908,455 | 776 |
* | Fuan Pharmaceutical Group Co. Ltd. Class A | 990,200 | 776 |
Southern Publishing & Media Co. Ltd. Class A | 572,349 | 775 | |
Kuangda Technology Group Co. Ltd. Class A | 1,736,484 | 775 | |
Renhe Pharmacy Co. Ltd. Class A (XSEC) | 911,201 | 774 | |
* | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A (XSHE) | 1,220,832 | 772 |
Youngor Group Co. Ltd. Class A (XSHG) | 832,608 | 772 | |
* | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 539,495 | 772 |
* | Tellhow Sci-Tech Co. Ltd. Class A | 983,884 | 772 |
* | Guosheng Financial Holding Inc. Class A (XSEC) | 634,019 | 771 |
Jiangxi Ganneng Co. Ltd. Class A | 1,296,542 | 771 | |
Laobaixing Pharmacy Chain JSC Class A (XSHG) | 72,121 | 770 | |
Shanghai Kehua Bio-Engineering Co. Ltd. Class A (XSHE) | 352,700 | 770 | |
* | HPGC Renmintongtai Pharmaceutical Corp. Class A (XSHG) | 729,534 | 770 |
Bank of China Ltd. Class A (XSHG) | 1,564,597 | 769 | |
Sumavision Technologies Co. Ltd. Class A | 1,200,500 | 767 | |
Shenyang Chemical Co. Ltd. Class A | 1,716,100 | 766 | |
Maoming Petro-Chemical Shihua Co. Ltd. Class A | 1,284,209 | 765 | |
Jointown Pharmaceutical Group Co. Ltd. Class A (XSHG) | 303,520 | 765 | |
North Industries Group Red Arrow Co. Ltd. Class A | 650,543 | 765 | |
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A (XSSC) | 362,901 | 765 |
Anhui Construction Engineering Group Co. Ltd. Class A | 1,408,209 | 764 | |
* | Hanwang Technology Co. Ltd. Class A | 333,500 | 764 |
Changhong Huayi Compressor Co. Ltd. Class A | 1,592,880 | 762 | |
ZJBC Information Technology Co. Ltd. Class A (XSHE) | 532,830 | 761 | |
Nanjing Yunhai Special Metals Co. Ltd. Class A | 615,234 | 761 | |
* | Yunnan Yuntianhua Co. Ltd. Class A | 1,133,900 | 760 |
Changchai Co. Ltd. Class A | 1,196,785 | 758 | |
Phoenix Media Investment Holdings Ltd. | 14,527,907 | 757 | |
ENN Ecological Holdings Co. Ltd. Class A (XSHG) | 594,569 | 757 | |
Guanghui Energy Co. Ltd. Class A (XSHG) | 2,129,303 | 757 | |
Shenzhen Jinjia Group Co. Ltd. Class A (XSEC) | 603,736 | 757 | |
China West Construction Group Co. Ltd. Class A | 559,000 | 755 | |
Shenzhen Bauing Construction Holding Group Co. Ltd. Class A | 1,084,024 | 755 | |
Henan Shenhuo Coal & Power Co. Ltd. Class A | 1,335,500 | 755 | |
* | Yunnan Aluminium Co. Ltd. Class A (XSEC) | 1,335,552 | 755 |
Zhejiang Runtu Co. Ltd. Class A (XSHE) | 577,651 | 754 | |
China Communications Construction Co. Ltd. Class A | 669,000 | 754 | |
* | Beijing Cisri-Gaona Materials & Technology Co. Ltd. | 331,600 | 754 |
Hand Enterprise Solutions Co. Ltd. Class A (XSEC) | 607,000 | 754 | |
Nantong Jianghai Capacitor Co. Ltd. Class A | 584,148 | 752 | |
Jinneng Science&Technology Co. Ltd. Class A | 553,455 | 752 | |
* | Feitian Technologies Co. Ltd. | 327,100 | 750 |
Shenzhen Jinjia Group Co. Ltd. Class A (XSHE) | 597,600 | 749 | |
* | Harbin Pharmaceutical Group Co. Ltd. Class A (XSSC) | 1,447,577 | 749 |
CECEP Wind-Power Corp. Class A (XSSC) | 2,382,216 | 749 | |
Sanjiang Shopping Club Co. Ltd. Class A | 385,600 | 747 | |
* | IReader Technology Co. Ltd. Class A (XSSC) | 157,900 | 746 |
China Coal Energy Co. Ltd. Class A (XSSC) | 1,384,294 | 746 | |
Jolywood Suzhou Sunwatt Co. Ltd. Class A | 375,996 | 745 | |
Eastcompeace Technology Co. Ltd. Class A | 460,242 | 745 | |
Zhejiang Yankon Group Co. Ltd. Class A (XSSC) | 1,473,339 | 745 | |
China Southern Airlines Co. Ltd. Class A (XSSC) | 983,183 | 744 | |
Hubei Fuxing Science And Technology Co. Ltd. Class A | 987,200 | 744 | |
Tianjin Tianbao Infrastructure Co. Ltd. Class A | 1,621,711 | 743 |
33 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hainan Ruize New Building Material Co. Ltd. Class A (XSHE) | 766,704 | 742 | |
Goldcard Smart Group Co. Ltd. | 353,600 | 741 | |
CGN Nuclear Technology Development Co. Ltd. Class A (XSHE) | 809,829 | 741 | |
* | Hunan Corun New Energy Co. Ltd. Class A | 1,371,930 | 740 |
Xinhua Winshare Publishing and Media Co. Ltd. Class A (XSSC) | 466,090 | 740 | |
Shanxi Guoxin Energy Corp. Ltd. Class A (XSSC) | 1,479,242 | 739 | |
Jiangsu Hongdou Industrial Co. Ltd. Class A (XSHG) | 1,515,822 | 739 | |
* | Alpha Group Class A (XSHE) | 827,701 | 739 |
* | China Bester Group Telecom Co. Ltd. Class A | 262,845 | 738 |
Realcan Pharmaceutical Group Co. Ltd. Class A (XSHE) | 1,015,910 | 737 | |
Global Top E-Commerce Co. Ltd. Class A (XSHE) | 929,940 | 736 | |
Jiangsu Rainbow Heavy Industries Co. Ltd. Class A | 1,134,336 | 736 | |
* | Neusoft Corp. Class A (XSHG) | 473,800 | 735 |
Xinjiang Machinery Research Institute Co. Ltd. Class A | 1,249,036 | 735 | |
Guoyuan Securities Co. Ltd. Class A (XSEC) | 643,529 | 735 | |
Huapont Life Sciences Co. Ltd. Class A (XSHE) | 971,200 | 734 | |
Sino-Platinum Metals Co. Ltd. Class A (XSSC) | 322,583 | 734 | |
CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 1,148,100 | 733 | |
§ | Shenzhen Special Economic Zone Real Estate & Properties Group Co. Ltd. Class A | 471,000 | 733 |
Wuxi Huaguang Boiler Co. Ltd. Class A | 472,800 | 732 | |
Medicalsystem Biotechnology Co. Ltd. Class A | 346,583 | 732 | |
Fangda Special Steel Technology Co. Ltd. Class A (XSSC) | 997,777 | 732 | |
Chengdu Leejun Industrial Co. Ltd. Class A | 1,022,161 | 731 | |
Guangdong Highsun Group Co. Ltd. Class A | 1,848,180 | 728 | |
Beijing Jingyuntong Technology Co. Ltd. Class A (XSSC) | 1,596,888 | 728 | |
Tungkong Inc. Class A | 471,576 | 727 | |
Xiamen ITG Group Corp. Ltd. Class A (XSSC) | 823,874 | 727 | |
* | Shenzhen Kstar Science And Technology Co. Ltd. Class A | 429,004 | 726 |
* | Shanghai Shunho New Materials Technology Co. Ltd. Class A | 1,239,900 | 725 |
China Zhonghua Geotechnical Engineering Group Co. Ltd. Class A | 1,454,625 | 724 | |
Shenzhen Expressway Co. Ltd. Class A (XSSC) | 526,804 | 724 | |
Changzhou Qianhong Biopharma Co. Ltd. Class A (XSHE) | 1,146,300 | 723 | |
AVICOPTER plc Class A (XSHG) | 115,800 | 723 | |
* | Suzhou Victory Precision Manufacture Co. Ltd. Class A (XSHE) | 2,368,500 | 721 |
Jiangsu Linyang Energy Co. Ltd. Class A (XSSC) | 998,525 | 721 | |
Hangzhou Boiler Group Co. Ltd. Class A | 646,818 | 721 | |
Red Avenue New Materials Group Co. Ltd. Class A (XSHG) | 345,100 | 720 | |
* | Nanjing Iron & Steel Co. Ltd. Class A | 1,601,500 | 720 |
Genimous Technology Co. Ltd. Class A (XSHE) | 691,035 | 719 | |
Shanghai Shimao Co. Ltd. Class A (XSHG) | 1,219,830 | 714 | |
Stanley Agricultural Group Co. Ltd. Class A | 1,025,728 | 714 | |
China Northern Rare Earth Group High-Tech Co. Ltd. Class A (XSHG) | 557,700 | 713 | |
Jinling Pharmaceutical Co. Ltd. Class A (XSHE) | 758,131 | 712 | |
Jointo Energy Investment Co. Ltd. Hebei Class A | 1,058,144 | 710 | |
Zhejiang Conba Pharmaceutical Co. Ltd. Class A (XSHG) | 982,257 | 710 | |
Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A (XSHG) | 613,200 | 709 | |
Hunan Gold Corp. Ltd. Class A (XSHE) | 665,040 | 709 | |
KPC Pharmaceuticals Inc. Class A (XSSC) | 523,308 | 709 | |
Gansu Qilianshan Cement Group Co. Ltd. Class A (XSHG) | 306,100 | 709 | |
GEM Co. Ltd. Class A (XSEC) | 1,089,386 | 707 | |
Guangdong Guanghong Holdings Co. Ltd. Class A | 720,203 | 707 | |
Guangzhou Development Group Inc. | 858,971 | 705 | |
* | Global Infotech Co. Ltd. Class A | 388,600 | 704 |
Guangdong Great River Smarter Logistics Co. Ltd. Class A | 434,798 | 702 | |
Sinosteel Engineering & Technology Co. Ltd. Class A | 1,202,994 | 702 | |
* | Befar Group Co. Ltd. Class A (XSSC) | 1,075,692 | 702 |
China Film Co. Ltd. Class A (XSSC) | 376,100 | 701 | |
Beijing Shiji Information Technology Co. Ltd. Class A (XSEC) | 163,312 | 701 | |
Betta Pharmaceuticals Co. Ltd. Class A (XSHE) | 53,200 | 701 | |
* | Chongqing Pharscin Pharmaceutical Co. Ltd. Class A | 281,200 | 700 |
Central China Securities Co. Ltd. Class A (XSHG) | 1,063,100 | 699 | |
Hisense Visual Technology Co. Ltd. Class A (XSSC) | 450,162 | 699 | |
Jihua Group Corp. Ltd. Class A (XSSC) | 1,398,940 | 698 | |
Jinyuan EP Co. Ltd. Class A | 554,096 | 697 |
34 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Nanfang Zhongjin Environment Co. Ltd. Class A | 1,575,283 | 697 |
* | Tongkun Group Co. Ltd. Class A (XSHG) | 422,700 | 696 |
Focus Technology Co. Ltd. Class A | 358,020 | 695 | |
* | Kingnet Network Co. Ltd. Class A | 1,942,332 | 695 |
Anhui Zhongding Sealing Parts Co. Ltd. Class A (XSHE) | 644,765 | 694 | |
Opple Lighting Co. Ltd. Class A | 206,384 | 694 | |
* | Hwa Create Co. Ltd. | 403,400 | 693 |
* | Berry Genomics Co. Ltd. Class A (XSEC) | 111,205 | 692 |
Sansteel Minguang Co. Ltd. Fujian Class A (XSEC) | 676,700 | 692 | |
Beijing Capital Co. Ltd. Class A (XSHG) | 1,490,400 | 692 | |
Haining China Leather Market Co. Ltd. Class A | 1,252,410 | 691 | |
First Capital Securities Co. Ltd. Class A (XSHE) | 711,520 | 691 | |
East China Engineering Science and Technology Co. Ltd. Class A | 707,477 | 691 | |
Anhui Golden Seed Winery Co. Ltd. Class A | 984,601 | 691 | |
* | Befar Group Co. Ltd. Class A (XSHG) | 1,058,542 | 690 |
Nanjing Sciyon Wisdom Technology Group Co. Ltd. Class A | 359,646 | 690 | |
Shanghai 2345 Network Holding Group Co. Ltd. Class A (XSHE) | 1,658,514 | 690 | |
Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 591,250 | 689 | |
Dongxing Securities Co. Ltd. Class A (XSSC) | 459,313 | 689 | |
Shenma Industry Co. Ltd. Class A | 665,404 | 687 | |
Kailuan Energy Chemical Co. Ltd. Class A (XSHG) | 1,071,969 | 687 | |
Hefei Department Store Group Co. Ltd. Class A | 1,084,817 | 686 | |
* | JC Finance & Tax Interconnect Holdings Ltd. Class A (XSHE) | 475,040 | 686 |
Xiamen C & D Inc. Class A (XSSC) | 582,400 | 686 | |
Hainan Expressway Co. Ltd. Class A | 1,056,400 | 685 | |
Guangxi Guiguan Electric Power Co. Ltd. Class A (XSHG) | 1,128,790 | 685 | |
Triangle Tyre Co. Ltd. Class A | 361,800 | 685 | |
Lingyuan Iron & Steel Co. Ltd. Class A (XSHG) | 2,221,670 | 683 | |
* | H&R Century Union Corp. Class A | 1,231,176 | 682 |
Newland Digital Technology Co. Ltd. Class A (XSEC) | 295,598 | 682 | |
* | Jiangsu Zijin Rural Commercial Bank Co. Ltd. Class A | 1,174,200 | 681 |
Hangzhou Sunrise Technology Co. Ltd. Class A | 403,128 | 681 | |
China Meheco Co. Ltd. Class A (XSSC) | 336,760 | 680 | |
Jiangsu Changhai Composite Materials Co. Ltd. Class A | 469,128 | 680 | |
China Union Holdings Ltd. Class A | 1,218,490 | 680 | |
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A (XSEC) | 1,384,000 | 680 | |
Cachet Pharmaceutical Co. Ltd. Class A | 343,843 | 679 | |
* | Shenzhen Infinova Ltd. Class A | 1,076,307 | 678 |
Bright Dairy & Food Co. Ltd. Class A (XSHG) | 389,800 | 676 | |
ENC Digital Technology Co. Ltd. Class A | 482,090 | 675 | |
Shandong Sun Paper Industry JSC Ltd. Class A (XSEC) | 575,300 | 674 | |
Zhejiang Guyuelongshan Shaoxing Wine Co. Ltd. Class A (XSHG) | 609,690 | 674 | |
Qingdao Citymedia Co. Ltd. Class A | 682,800 | 674 | |
Qingdao Doublestar Co. Ltd. Class A | 1,264,900 | 673 | |
* | Beijing Forever Technology Co. Ltd. Class A (XSHE) | 439,194 | 672 |
* | Innuovo Technology Co. Ltd. Class A | 960,755 | 672 |
Ningbo Ligong Environment And Energy Technology Co. Ltd. Class A | 408,869 | 671 | |
UTour Group Co. Ltd. Class A | 929,925 | 671 | |
Yanzhou Coal Mining Co. Ltd. Class A (XSSC) | 574,500 | 671 | |
NavInfo Co. Ltd. Class A (XSEC) | 327,487 | 671 | |
Elion Clean Energy Co. Ltd. Class A (XSHG) | 1,289,900 | 668 | |
* | Jilin Yatai Group Co. Ltd. Class A (XSSC) | 1,597,167 | 667 |
Jiangxi Ganyue Expressway Co. Ltd. Class A (XSHG) | 1,305,500 | 666 | |
Chow Tai Seng Jewellery Co. Ltd. Class A | 264,850 | 666 | |
* | Saturday Co. Ltd. Class A | 255,900 | 665 |
* | Hengbao Co. Ltd. Class A | 620,300 | 665 |
Hubei Xingfa Chemicals Group Co. Ltd. Class A (XSSC) | 531,450 | 664 | |
Shenzhen Jieshun Science And Technology Industry Co. Ltd. Class A (XSEC) | 456,626 | 664 | |
Tongyu Communication Inc. Class A | 182,475 | 663 | |
Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A | 649,037 | 663 | |
* | Toyou Feiji Electronics Co. Ltd. Class A | 405,035 | 662 |
Shandong Xiantan Co. Ltd. Class A | 347,295 | 660 | |
Hangjin Technology Co. Ltd. Class A (XSHE) | 202,350 | 660 | |
Zhejiang Medicine Co. Ltd. Class A (XSSC) | 263,500 | 660 |
35 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Anhui Sinonet & Xonglong Science & Technology Co. Ltd. Class A | 562,802 | 659 | |
Digital China Information Service Co. Ltd. Class A (XSHE) | 311,643 | 658 | |
* | Sinopec Oilfield Equipment Corp. Class A | 973,042 | 657 |
* | Konfoong Materials International Co. Ltd. Class A (XSEC) | 89,000 | 657 |
Xinjiang Joinworld Co. Ltd. Class A (XSSC) | 1,029,753 | 657 | |
Tongding Interconnection Information Co. Ltd. Class A (XSHE) | 858,300 | 653 | |
China Harzone Industry Corp. Ltd. Class A (XSEC) | 555,322 | 652 | |
Tianjin Capital Environmental Protection Group Co. Ltd. Class A (XSSC) | 664,061 | 651 | |
Zhejiang Guyuelongshan Shaoxing Wine Co. Ltd. Class A (XSSC) | 588,398 | 651 | |
Yechiu Metal Recycling China Ltd. Class A | 2,802,500 | 651 | |
* | Wuxi Boton Technology Co. Ltd. | 231,504 | 650 |
* | Beijing Shougang Co. Ltd. Class A (XSEC) | 1,581,061 | 647 |
* | GuangYuYuan Chinese Herbal Medicine Co. Ltd. Class A | 378,240 | 647 |
Wuhan Guide Infrared Co. Ltd. Class A (XSEC) | 112,030 | 646 | |
Shenzhen Ysstech Info-tech Co. Ltd. Class A (XSHE) | 455,175 | 646 | |
* | Huabao Flavours & Fragrances Co. Ltd. Class A (XSHE) | 158,400 | 646 |
Beijing Water Business Doctor Co. Ltd. Class A | 778,474 | 645 | |
* | Biem.L.Fdlkk Garment Co. Ltd. Class A | 217,900 | 644 |
* | Hangzhou Shunwang Technology Co. Ltd. | 236,990 | 644 |
North Electro-Optic Co. Ltd. Class A | 494,561 | 644 | |
Guizhou Broadcasting & TV Information Network Co. Ltd. Class A | 638,700 | 643 | |
Global Top E-Commerce Co. Ltd. Class A (XSEC) | 811,945 | 643 | |
Industrial Securities Co. Ltd. Class A (XSHG) | 760,890 | 642 | |
* | Jiangsu Sihuan Bioengineering Co. Ltd. Class A | 1,119,200 | 642 |
* | Guangzhou Restaurant Group Co. Ltd. Class A (XSSC) | 156,800 | 642 |
Shandong Lukang Pharma Class A | 518,290 | 641 | |
Surfilter Network Technology Co. Ltd. | 617,768 | 641 | |
Sichuan Tianyi Comheart Telecom Co. Ltd. Class A | 185,900 | 641 | |
* | Hybio Pharmaceutical Co. Ltd. Class A | 815,691 | 640 |
Henan Hengxing Science & Technology Co. Ltd. Class A | 1,720,395 | 640 | |
* | Nanjing Kangni Mechanical & Electrical Co. Ltd. Class A | 600,285 | 640 |
* | China Shipbuilding Industry Group Power Co. Ltd. Class A (XSHG) | 279,700 | 640 |
Chongqing Zongshen Power Machinery Co. Ltd. Class A | 760,800 | 639 | |
China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. Class A (XSHE) | 1,132,500 | 639 | |
Dongfeng Electronic Technology Co. Ltd. Class A (XSSC) | 451,788 | 639 | |
* | Datang Huayin Electric Power Co. Ltd. Class A | 2,052,700 | 638 |
Canny Elevator Co. Ltd. Class A (XSHE) | 578,496 | 638 | |
Fujian Rongji Software Co. Ltd. Class A | 609,300 | 638 | |
* | Zhejiang Hisun Pharmaceutical Co. Ltd. Class A | 322,800 | 637 |
*,§ | Leshi Internet Information & Technology Corp. Beijing Class A | 2,659,800 | 637 |
Shenzhen Infogem Technologies Co. Ltd. | 326,680 | 637 | |
Jiangsu Expressway Co. Ltd. Class A (XSHG) | 428,998 | 637 | |
Ke Hua Heng Sheng Co. Ltd. Class A | 207,200 | 636 | |
Tangshan Jidong Cement Co. Ltd. Class A (XSEC) | 225,100 | 636 | |
Xinjiang Zhongtai Chemical Co. Ltd. Class A (XSHE) | 961,315 | 636 | |
* | Zhejiang Firstar Panel Technology Co. Ltd. Class A | 714,300 | 635 |
Duolun Technology Corp. Ltd. Class A | 587,777 | 635 | |
Nanjing Redsun Co. Ltd. Class A | 462,551 | 635 | |
* | Minmetals Development Co. Ltd. Class A (XSHG) | 697,486 | 634 |
Fujian Funeng Co. Ltd. Class A (XSSC) | 592,188 | 634 | |
Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. Class A (XSSC) | 1,344,100 | 634 | |
Chongqing Water Group Co. Ltd. Class A (XSSC) | 846,450 | 633 | |
Jack Sewing Machine Co. Ltd. Class A (XSHG) | 251,575 | 633 | |
Chongqing Road & Bridge Co. Ltd. Class A | 1,586,286 | 633 | |
Qingdao Zhongzi Zhongcheng Group Co. Ltd. | 808,606 | 631 | |
Baida Group Co. Ltd. Class A | 767,300 | 631 | |
* | North Navigation Control Technology Co. Ltd. Class A (XSSC) | 597,204 | 630 |
Changshu Fengfan Power Equipment Co. Ltd. Class A (XSSC) | 845,828 | 630 | |
Hangzhou Onechance Tech Corp. Class A | 15,900 | 630 | |
* | Yantai Zhenghai Magnetic Material Co. Ltd. | 582,654 | 629 |
HeiLongJiang ZBD Pharmaceutical Co. Ltd. Class A | 370,400 | 628 | |
Angang Steel Co. Ltd. Class A | 1,691,112 | 627 | |
Anyang Iron & Steel Inc. Class A | 2,169,680 | 626 |
36 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Tianjin Port Co. Ltd. Class A (XSSC) | 827,739 | 625 | |
* | Changzhou Tronly New Electronic Materials Co. Ltd. Class A (XSEC) | 285,200 | 624 |
Zhejiang China Light & Textile Industrial City Group Co. Ltd. Class A (XSSC) | 1,402,004 | 624 | |
DeHua TB New Decoration Materials Co. Ltd. Class A | 595,750 | 624 | |
Shanghai SMI Holding Co. Ltd. Class A (XSSC) | 858,852 | 623 | |
Skyworth Digital Co. Ltd. Class A (XSHE) | 423,200 | 623 | |
* | Zhonghang Electronic Measuring Instruments Co. Ltd. Class A | 419,800 | 623 |
Anhui Xinhua Media Co. Ltd. Class A (XSSC) | 912,770 | 622 | |
Beijing Sanju Environmental Protection and New Material Co. Ltd. | 1,062,828 | 621 | |
Hangzhou Zhongheng Electric Co. Ltd. Class A (XSHE) | 325,667 | 620 | |
Qiming Information Technology Co. Ltd. Class A | 478,073 | 620 | |
Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A (XSHE) | 88,500 | 620 | |
Metallurgical Corp. of China Ltd. Class A (XSHG) | 1,714,400 | 619 | |
Shanghai Zijiang Enterprise Group Co. Ltd. Class A (XSSC) | 1,023,115 | 619 | |
Avic Heavy Machinery Co. Ltd. Class A (XSSC) | 465,875 | 619 | |
* | Eastone Century Technology Co. Ltd. | 759,815 | 619 |
CCS Supply Chain Management Co. Ltd. Class A (XSSC) | 755,328 | 619 | |
Avic Aviation High-Technology Co. Ltd. Class A (XSSC) | 300,067 | 618 | |
Oppein Home Group Inc. Class A (XSSC) | 41,500 | 618 | |
Fangda Special Steel Technology Co. Ltd. Class A (XSHG) | 842,878 | 618 | |
LingNan Eco&Culture-Tourism Co. Ltd. Class A (XSHE) | 1,091,911 | 618 | |
Xinxing Ductile Iron Pipes Co. Ltd. Class A (XSHE) | 1,266,700 | 617 | |
* | Shenzhen Topraysolar Co. Ltd. Class A | 1,218,258 | 617 |
Jin Tong Ling Technology Group Co. Ltd. Class A | 1,321,100 | 616 | |
Xiamen Port Development Co. Ltd. Class A | 739,716 | 616 | |
Eternal Asia Supply Chain Management Ltd. Class A (XSHE) | 1,037,500 | 616 | |
* | Sichuan Haite High-tech Co. Ltd. Class A (XSHE) | 302,880 | 616 |
Xinjiang Yilite Industry Co. Ltd. Class A (XSHG) | 342,900 | 615 | |
Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A (XSEC) | 103,050 | 615 | |
Xi'An Shaangu Power Co. Ltd. Class A (XSHG) | 728,545 | 615 | |
Wangfujing Group Co. Ltd. Class A (XSHG) | 335,920 | 615 | |
Shandong Publishing & Media Co. Ltd. Class A (XSHG) | 692,888 | 614 | |
Rongsheng Petro Chemical Co. Ltd. Class A (XSEC) | 365,536 | 614 | |
* | Xin Jiang Ready Health Industry Co. Ltd. Class A | 1,328,260 | 614 |
* | Pingdingshan Tianan Coal Mining Co. Ltd. Class A (XSHG) | 1,035,882 | 613 |
Shenzhen Grandland Group Co. Ltd. Class A | 1,277,051 | 611 | |
Huaming Power Equipment Co. Ltd. Class A | 758,043 | 611 | |
Jiangsu Sainty Corp. Ltd. Class A | 797,700 | 611 | |
Tianma Microelectronics Co. Ltd. Class A (XSEC) | 307,500 | 610 | |
* | Yinchuan Xinhua Commercial Group Co. Ltd. Class A | 295,862 | 610 |
Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A (XSHE) | 102,221 | 610 | |
Shanghai Xinhua Media Co. Ltd. Class A (XSSC) | 805,781 | 609 | |
Sichuan Swellfun Co. Ltd. Class A (XSSC) | 93,900 | 608 | |
Sinodata Co. Ltd. Class A | 310,435 | 608 | |
* | Taiyuan Heavy Industry Co. Ltd. Class A (XSSC) | 2,206,513 | 608 |
* | Jiangsu Zongyi Co. Ltd. Class A | 881,900 | 606 |
Tangshan Sanyou Chemical Industries Co. Ltd. Class A (XSSC) | 973,852 | 606 | |
Zhuhai Port Co. Ltd. Class A | 853,300 | 605 | |
* | Goldenmax International Technology Ltd. Class A (XSHE) | 538,100 | 605 |
China CITIC Bank Corp. Ltd. Class A (XSHG) | 824,050 | 604 | |
Jiangxi Hongdu Aviation Industry Co. Ltd. Class A (XSHG) | 332,400 | 604 | |
Guangdong Dowstone Technology Co. Ltd. Class A | 384,900 | 604 | |
* | Nuode Investment Co. Ltd. Class A | 925,800 | 603 |
Dongguan Winnerway Industrial Zone Ltd. Class A | 1,608,200 | 602 | |
Weihai Guangtai Airport Equipment Co. Ltd. Class A | 303,202 | 602 | |
Shuangliang Eco-Energy Systems Co. Ltd. Class A (XSSC) | 1,412,260 | 602 | |
* | Shunfa Hengye Corp. Class A (XSHE) | 1,413,801 | 602 |
* | Yunnan Copper Co. Ltd. Class A (XSHE) | 447,200 | 601 |
Guizhou Gas Group Corp. Ltd. Class A (XSHG) | 434,972 | 601 | |
* | Montnets Rongxin Technology Group Co. Ltd. Class A (XSEC) | 276,600 | 600 |
An Hui Wenergy Co. Ltd. Class A | 1,093,644 | 599 | |
Jiangsu Etern Co. Ltd. Class A | 1,035,970 | 599 | |
Sinolink Securities Co. Ltd. Class A (XSHG) | 441,000 | 598 | |
Xinjiang Guannong Fruit & Antler Group Co. Ltd. Class A (XSSC) | 687,142 | 598 |
37 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hubei Jiuzhiyang Infrared System Co. Ltd. Class A | 134,237 | 597 | |
Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A (XSSC) | 819,425 | 597 | |
Chengzhi Co. Ltd. Class A (XSHE) | 357,628 | 596 | |
Datang International Power Generation Co. Ltd. Class A (XSSC) | 1,974,340 | 596 | |
China Coal Xinji Energy Co. Ltd. Class A | 1,580,600 | 596 | |
Langold Real Estate Co. Ltd. Class A | 1,962,979 | 596 | |
Huaan Securities Co. Ltd. Class A (XSSC) | 589,300 | 595 | |
Tianjin Development Holdings Ltd. | 2,814,025 | 595 | |
Shenzhen Infogem Technologies Co. Ltd. Class A | 305,000 | 595 | |
Henan Pinggao Electric Co. Ltd. Class A (XSHG) | 498,800 | 594 | |
Mayinglong Pharmaceutical Group Co. Ltd. Class A (XSSC) | 259,926 | 594 | |
SPIC Dongfang New Energy Corp. Class A | 986,256 | 593 | |
Sinoma International Engineering Co. Class A (XSSC) | 723,222 | 593 | |
* | Henan Ancai Hi-Tech Co. Ltd. Class A | 1,024,750 | 593 |
* | Cultural Investment Holdings Co. Ltd. Class A | 1,675,429 | 593 |
Guangzhou Restaurant Group Co. Ltd. Class A (XSHG) | 144,572 | 592 | |
Pubang Landscape Architecture Co. Ltd. Class A | 1,835,497 | 591 | |
* | Longhua Technology Group Luoyang Co. Ltd. | 538,600 | 590 |
* | Gem-Year Industrial Co. Ltd. Class A (XSSC) | 746,111 | 590 |
* | Shanghai Xin Nanyang Only Education & Technology Co. Ltd. Class A (XSHG) | 266,349 | 588 |
Dongjiang Environmental Co. Ltd. Class A (XSEC) | 422,805 | 588 | |
Beijing SDL Technology Co. Ltd. Class A | 716,927 | 587 | |
Bank of Zhengzhou Co. Ltd. Class A (XSHE) | 1,078,900 | 586 | |
Beijing Sifang Automation Co. Ltd. Class A (XSSC) | 617,639 | 586 | |
ZhongMan Petroleum and Natural Gas Group Corp. Ltd. | 326,500 | 585 | |
* | Huizhou Desay Sv Automotive Co. Ltd. Class A (XSEC) | 102,300 | 585 |
Do-Fluoride Chemicals Co. Ltd. Class A (XSHE) | 398,450 | 585 | |
Camel Group Co. Ltd. Class A (XSSC) | 462,163 | 584 | |
Anhui Sierte Fertilizer Industry Ltd. Co. Class A | 798,125 | 582 | |
* | Nanyang Topsec Technologies Group Inc. Class A (XSEC) | 164,300 | 581 |
Sichuan Yahua Industrial Group Co. Ltd. Class A | 545,100 | 581 | |
New China Life Insurance Co. Ltd. Class A (XSHG) | 92,100 | 580 | |
CSSC Science & Technology Co. Ltd. Class A (XSHG) | 375,000 | 580 | |
Holitech Technology Co. Ltd. Class A (XSEC) | 764,000 | 580 | |
Fujian Septwolves Industry Co. Ltd. Class A | 824,109 | 578 | |
Visual China Group Co. Ltd. Class A (XSEC) | 235,100 | 578 | |
Guangxi Yuegui Guangye Holding Co. Ltd. Class A | 887,856 | 577 | |
Sino Wealth Electronic Ltd. Class A (XSEC) | 119,926 | 575 | |
Zhuhai Huajin Capital Co. Ltd. Class A | 381,017 | 574 | |
Canny Elevator Co. Ltd. Class A (XSEC) | 519,677 | 573 | |
Chengdu CORPRO Technology Co. Ltd. Class A | 390,400 | 572 | |
Shanghai Tunnel Engineering Co. Ltd. Class A (XSHG) | 711,300 | 572 | |
* | Suzhou Hailu Heavy Industry Co. Ltd. Class A | 1,456,715 | 572 |
Fujian Snowman Co. Ltd. Class A | 568,668 | 571 | |
* | Anhui Jianghuai Automobile Group Corp. Ltd. Class A (XSSC) | 810,628 | 571 |
Konka Group Co. Ltd. Class A (XSHE) | 535,900 | 568 | |
JL Mag Rare-Earth Co. Ltd. | 128,000 | 568 | |
Xinhu Zhongbao Co. Ltd. Class A (XSHG) | 1,292,000 | 568 | |
* | Beijing Join-Cheer Software Co. Ltd. Class A | 636,090 | 567 |
Guangdong Guanhao High-Tech Co. Ltd. Class A | 1,295,300 | 565 | |
Bingshan Refrigeration & Heat Transfer Technologies Co. Ltd. Class A | 1,193,220 | 565 | |
* | Jiangsu Yinhe Electronics Co. Ltd. Class A | 946,533 | 565 |
* | Yunnan Tin Co. Ltd. Class A (XSHE) | 476,300 | 565 |
Sunward Intelligent Equipment Co. Ltd. Class A (XSEC) | 615,520 | 565 | |
* | Telling Telecommunication Holding Co. Ltd. Class A | 737,100 | 564 |
Shanghai Jiao Yun Co. Ltd. Class A (XSSC) | 1,006,690 | 564 | |
Zhejiang Hailide New Material Co. Ltd. Class A | 1,186,917 | 563 | |
Guangdong Guangzhou Daily Media Co. Ltd. Class A | 880,028 | 563 | |
Shenzhen Jieshun Science And Technology Industry Co. Ltd. Class A (XSHE) | 386,900 | 562 | |
Eternal Asia Supply Chain Management Ltd. Class A (XSEC) | 946,400 | 562 | |
* | Changchun Gas Co. Ltd. Class A | 1,091,800 | 562 |
* | Shenzhen Zhengtong Electronics Co. Ltd. Class A | 449,500 | 562 |
Betta Pharmaceuticals Co. Ltd. Class A (XSEC) | 42,600 | 561 | |
Beijing GeoEnviron Engineering & Technology Inc. Class A (XSHG) | 326,400 | 561 |
38 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
JCHX Mining Management Co. Ltd. Class A (XSHG) | 439,296 | 561 | |
HY Energy Group Co. Ltd. Class A (XSSC) | 523,541 | 560 | |
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 276,900 | 560 | |
Jiangsu Lianyungang Port Co. Ltd. Class A | 1,211,925 | 560 | |
Jizhong Energy Resources Co. Ltd. Class A (XSHE) | 1,315,107 | 560 | |
Shenzhen Glory Medical Co. Ltd. Class A | 528,222 | 560 | |
Chinese Universe Publishing and Media Group Co. Ltd. Class A (XSSC) | 330,320 | 560 | |
* | Sanchuan Wisdom Technology Co. Ltd. Class A | 814,500 | 559 |
Shanghai Environment Group Co. Ltd. Class A (XSSC) | 310,089 | 559 | |
Qinghai Huzhu Barley Wine Co. Ltd. Class A | 433,000 | 558 | |
Sichuan Road & Bridge Co. Ltd. Class A (XSHG) | 1,041,337 | 558 | |
Jangho Group Co. Ltd. Class A (XSSC) | 616,507 | 557 | |
Shanxi Blue Flame Holding Co. Ltd. Class A (XSEC) | 511,296 | 557 | |
Shenzhen Danbond Technology Co. Ltd. Class A | 446,643 | 557 | |
China South Publishing & Media Group Co. Ltd. Class A (XSHG) | 361,000 | 557 | |
* | Beijing GeoEnviron Engineering & Technology Inc. Class A (XSSC) | 323,333 | 556 |
Fujian Star-net Communication Co. Ltd. Class A (XSEC) | 105,400 | 555 | |
* | KraussMaffei Co. Ltd. Class A | 684,134 | 555 |
Unilumin Group Co. Ltd. Class A (XSHE) | 443,838 | 555 | |
* | Ningbo Peacebird Fashion Co. Ltd. Class A (XSSC) | 276,031 | 555 |
* | Asian Star Anchor Chain Co. Ltd. Jiangsu Class A | 737,750 | 555 |
Zhejiang Huamei Holding Co. Ltd. Class A | 956,853 | 554 | |
Datang International Power Generation Co. Ltd. Class A (XSHG) | 1,831,400 | 553 | |
Hoshine Silicon Industry Co. Ltd. Class A (XSHG) | 169,120 | 552 | |
* | Baotou Huazi Industry Co. Ltd. Class A | 606,000 | 552 |
Guangdong Meiyan Jixiang Hydropower Co. Ltd. Class A | 1,234,900 | 548 | |
China Construction Bank Corp. Class A (XSHG) | 604,100 | 548 | |
Changchun Faway Automobile Components Co. Ltd. Class A (XSHG) | 411,360 | 547 | |
Beijing eGOVA Co. Ltd. Class A | 312,103 | 547 | |
Henan Pinggao Electric Co. Ltd. Class A (XSSC) | 459,114 | 547 | |
* | Jiangsu Yulong Steel Pipe Co. Ltd. Class A | 601,600 | 545 |
Yotrio Group Co. Ltd. Class A (XSHE) | 994,750 | 545 | |
* | Shenzhen MTC Co. Ltd. Class A (XSEC) | 862,600 | 544 |
* | Far East Smarter Energy Co. Ltd. Class A (XSSC) | 901,200 | 544 |
Shanghai Fudan Forward S & T Co. Ltd. Class A (XSHG) | 463,950 | 544 | |
* | Nations Technologies Inc. Class A (XSHE) | 521,400 | 543 |
Guoguang Electric Co. Ltd. Class A | 459,400 | 543 | |
China CYTS Tours Holding Co. Ltd. Class A (XSSC) | 367,868 | 541 | |
Chengdu Wintrue Holding Co. Ltd. Class A | 657,370 | 541 | |
Guangxi Nanning Waterworks Co. Ltd. Class A | 730,159 | 540 | |
* | Edifier Technology Co. Ltd. Class A | 222,000 | 539 |
Guoxuan High-Tech Co. Ltd. (XSEC) | 169,700 | 538 | |
Poly Culture Group Corp. Ltd. Class H | 1,101,847 | 537 | |
Yifan Pharmaceutical Co. Ltd. Class A (XSEC) | 205,100 | 536 | |
Sichuan Jiuzhou Electric Co. Ltd. Class A | 711,368 | 536 | |
Shanghai Bailian Group Co. Ltd. Class A | 479,788 | 535 | |
Jiangsu Jiangnan High Polymer Fiber Co. Ltd. Class A (XSSC) | 1,061,671 | 535 | |
Shanghai Guangdian Electric Group Co. Ltd. Class A | 1,095,200 | 535 | |
* | EGLS Co. Ltd. Class A | 1,674,300 | 534 |
* | Ningxia Jiaze New Energy Co. Ltd. Class A | 1,234,300 | 534 |
Huafon Microfibre Shanghai Technology Co. Ltd. Class A (XSEC) | 436,146 | 533 | |
* | Yunnan Aluminium Co. Ltd. Class A (XSHE) | 943,800 | 533 |
Wanxiang Qianchao Co. Ltd. Class A (XSEC) | 764,600 | 533 | |
Shanxi Lanhua Sci-Tech Venture Co. Ltd. Class A | 779,000 | 533 | |
* | Top Energy Co. Ltd. Shanxi Class A (XSSC) | 1,166,372 | 532 |
Tunghsu Optoelectronic Technology Co. Ltd. Class A (XSEC) | 1,360,200 | 532 | |
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A (XSHE) | 1,082,550 | 532 | |
* | Xinfengming Group Co. Ltd. Class A (XSHG) | 362,796 | 531 |
* | Beiqi Foton Motor Co. Ltd. Class A (XSHG) | 2,096,576 | 531 |
Shanghai AJ Group Co. Ltd. Class A (XSSC) | 478,426 | 531 | |
Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A (XSEC) | 634,000 | 530 | |
Besttone Holdings Co. Ltd. Class A (XSSC) | 218,900 | 530 | |
* | Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A (XSHE) | 833,200 | 530 |
Shanghai New World Co. Ltd. Class A (XSSC) | 314,400 | 530 |
39 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Shandong Xinchao Energy Corp. Ltd. Class A (XSSC) | 2,086,416 | 529 |
Jiang Su Suyan Jingshen Co. Ltd. Class A | 634,000 | 529 | |
Beijing Sanju Environmental Protection and New Material Co. Ltd. Class A | 905,179 | 529 | |
Zhejiang Red Dragonfly Footwear Co. Ltd. Class A | 566,581 | 528 | |
* | Grand Industrial Holding Group Co. Ltd. | 602,984 | 528 |
* | Nanjing Hanrui Cobalt Co. Ltd. Class A (XSEC) | 80,200 | 527 |
* | Leyard Optoelectronic Co. Ltd. | 674,766 | 526 |
* | Henan Splendor Science & Technology Co. Ltd. Class A | 514,800 | 526 |
* | Shenzhen Suntak Circuit Technology Co. Ltd. Class A (XSHE) | 213,000 | 525 |
China Meheco Co. Ltd. Class A (XSHG) | 260,100 | 525 | |
* | Misho Ecology & Landscape Co. Ltd. Class A (XSEC) | 356,100 | 525 |
* | Xuzhou Handler Special Vehicle Co. Ltd. Class A | 1,041,757 | 524 |
Beijing Urban Construction Investment & Development Co. Ltd. Class A (XSSC) | 565,213 | 524 | |
* | Tianjin Faw Xiali Automobile Co. Ltd. Class A | 1,284,700 | 523 |
RiseSun Real Estate Development Co. Ltd. Class A (XSEC) | 460,444 | 523 | |
Jiangsu Kanion Pharmaceutical Co. Ltd. Class A (XSSC) | 276,418 | 522 | |
Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A (XSEC) | 40,376 | 522 | |
Songz Automobile Air Conditioning Co. Ltd. Class A | 828,445 | 522 | |
Jishi Media Co. Ltd. Class A (XSHG) | 1,827,200 | 521 | |
Greattown Holdings Ltd. Class A (XSSC) | 455,621 | 521 | |
Motic Xiamen Electric Group Co. Ltd. Class A | 446,829 | 520 | |
* | Shenzhen Gongjin Electronics Co. Ltd. Class A (XSHG) | 306,240 | 520 |
* | Estun Automation Co. Ltd. Class A (XSEC) | 356,900 | 519 |
* | Shanghai Jinfeng Wine Co. Ltd. Class A | 758,496 | 519 |
Hoshine Silicon Industry Co. Ltd. Class A (XSSC) | 158,900 | 519 | |
MYS Group Co. Ltd. (XSHE) | 789,767 | 518 | |
Joincare Pharmaceutical Group Industry Co. Ltd. Class A (XSHG) | 294,624 | 516 | |
* | Harbin Hatou Investment Co. Ltd. Class A (XSSC) | 585,669 | 515 |
China Avionics Systems Co. Ltd. Class A (XSHG) | 262,584 | 514 | |
* | Visionox Technology Inc. Class A (XSEC) | 300,796 | 514 |
* | Sichuan Haite High-tech Co. Ltd. Class A (XSEC) | 252,900 | 514 |
Beijing Changjiu Logistics Corp. Class A | 402,980 | 514 | |
Orient Securities Co. Ltd. Class A (XSHG) | 390,100 | 514 | |
* | Fujian Dongbai Group Co. Ltd. Class A (XSHG) | 750,009 | 511 |
Tongyu Heavy Industry Co. Ltd. Class A | 1,830,957 | 510 | |
Shenzhen Invt Electric Co. Ltd. Class A | 844,252 | 509 | |
* | Quantum Hi-Tech China Biological Co. Ltd. Class A | 327,777 | 509 |
* | Shanghai Shenhua Holdings Co. Ltd. Class A | 1,889,262 | 507 |
* | Pingdingshan Tianan Coal Mining Co. Ltd. Class A (XSSC) | 856,653 | 507 |
Yueyang Forest & Paper Co. Ltd. Class A (XSHG) | 737,600 | 507 | |
* | Hebei Huijin Electromechanical Co. Ltd. | 384,300 | 506 |
Jiangsu Eastern Shenghong Co. Ltd. Class A (XSEC) | 716,716 | 506 | |
Jinling Pharmaceutical Co. Ltd. Class A (XSEC) | 538,552 | 506 | |
Der Future Science & Technology Holding Group Co. Ltd. Class A | 492,640 | 505 | |
Beijing Jingxi Culture & Tourism Co. Ltd. Class A | 520,396 | 505 | |
* | Shandong Polymer Biochemicals Co. Ltd. Class A | 587,400 | 505 |
Eastern Pioneer Driving School Co. Ltd. Class A | 224,916 | 504 | |
* | Fujian Qingshan Paper Industry Co. Ltd. Class A | 1,861,990 | 504 |
* | Guangdong Chaohua Technology Co. Ltd. Class A | 809,488 | 503 |
* | Guangzhou KingTeller Technology Co. Ltd. Class A | 817,028 | 503 |
Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A (XSEC) | 350,250 | 502 | |
Liuzhou Iron & Steel Co. Ltd. Class A (XSHG) | 711,900 | 501 | |
Hangzhou Jiebai Group Co. Ltd. Class A (XSSC) | 745,857 | 501 | |
Nanjing Panda Electronics Co. Ltd. Class A (XSSC) | 447,100 | 500 | |
* | Shanying International Holding Co. Ltd. Class A (XSHG) | 1,176,000 | 499 |
* | Julong Co. Ltd. Class A | 332,900 | 499 |
* | Suzhou Jinfu Technology Co. Ltd. Class A | 1,089,400 | 498 |
Shenzhen Properties & Resources Development Group Ltd. Class A | 389,552 | 498 | |
FIYTA Precision Technology Co. Ltd. Class A | 420,085 | 497 | |
Shenzhen Huaqiang Industry Co. Ltd. Class A (XSEC) | 281,000 | 496 | |
* | Sinopec Shandong Taishan Petroleum Co. Ltd. Class A | 728,500 | 495 |
China Television Media Ltd. Class A (XSHG) | 289,800 | 493 | |
Xiamen International Airport Co. Ltd. Class A (XSHG) | 196,455 | 492 | |
Huaren Pharmaceutical Co. Ltd. Class A | 856,972 | 491 |
40 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Guangdong Rongtai Industry Co. Ltd. Class A | 540,200 | 491 | |
Elion Clean Energy Co. Ltd. Class A (XSSC) | 947,055 | 491 | |
Keda Group Co. Ltd. Class A (XSHG) | 906,553 | 491 | |
Fujian Longxi Bearing Group Co. Ltd. Class A | 302,999 | 490 | |
* | Shenzhen SC New Energy Technology Corp. Class A (XSEC) | 54,100 | 490 |
Konka Group Co. Ltd. Class A (XSEC) | 462,000 | 490 | |
* | China Calxon Group Co. Ltd. Class A (XSHE) | 788,400 | 490 |
* | Huachangda Intelligent Equipment Group Co. Ltd. Class A | 930,756 | 489 |
Zhonglu Co. Ltd. Class B | 1,084,642 | 489 | |
Hubei Jumpcan Pharmaceutical Co. Ltd. Class A (XSHG) | 167,500 | 489 | |
Ningbo Zhoushan Port Co. Ltd. Class A (XSHG) | 1,042,200 | 489 | |
LingNan Eco&Culture-Tourism Co. Ltd. Class A (XSEC) | 859,383 | 486 | |
Guangzhou Pearl River Industrial Development Co. Ltd. Class A (XSSC) | 1,115,079 | 485 | |
Henan Zhongyuan Expressway Co. Ltd. Class A (XSHG) | 876,400 | 484 | |
* | Luenmei Quantum Co. Ltd. Class A (XSSC) | 224,642 | 484 |
* | Anhui Tongfeng Electronics Co. Ltd. Class A | 924,200 | 484 |
Shandong Jinjing Science & Technology Co. Ltd. Class A (XSSC) | 1,271,196 | 483 | |
Focused Photonics Hangzhou Inc. Class A (XSEC) | 258,896 | 482 | |
Tus Environmental Science And Technology Development Co. Ltd. Class A (XSEC) | 425,600 | 480 | |
Wuhu Token Science Co. Ltd. Class A (XSEC) | 354,983 | 479 | |
* | Sichuan Hongda Co. Ltd. Class A | 1,560,500 | 479 |
* | Xiangtan Electric Manufacturing Co. Ltd. Class A (XSSC) | 344,549 | 479 |
Zhuzhou Qianjin Pharmaceutical Co. Ltd. Class A (XSSC) | 389,960 | 477 | |
Zhejiang Fuchunjiang Environmental Thermoelectric Co. Ltd. Class A | 585,500 | 477 | |
Guangdong Delian Group Co. Ltd. Class A | 634,135 | 477 | |
Inner Mongolia M-Grass Ecology And Enviroment Group Co. Ltd. Class A | 1,180,320 | 477 | |
* | Zangge Holding Co. Ltd. Class A | 774,300 | 476 |
Zhejiang Runtu Co. Ltd. Class A (XSEC) | 363,100 | 474 | |
Hongbaoli Group Corp. Ltd. Class A | 714,859 | 473 | |
Zhongbai Holdings Group Co. Ltd. Class A | 506,597 | 473 | |
* | Western Mining Co. Ltd. Class A (XSHG) | 613,700 | 472 |
Cosmos Group Co. Ltd. Class A | 1,086,000 | 471 | |
* | Hexing Electrical Co. Ltd. Class A (XSSC) | 223,100 | 471 |
North Huajin Chemical Industries Co. Ltd. Class A | 687,903 | 471 | |
Jiangsu Guotai International Group Guomao Co. Ltd. Class A (XSHE) | 550,290 | 471 | |
* | Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 923,086 | 471 |
Shanghai ShenTong Metro Co. Ltd. Class A | 531,176 | 470 | |
Zhejiang China Light & Textile Industrial City Group Co. Ltd. Class A (XSHG) | 1,055,320 | 470 | |
Zhejiang Shuanghuan Driveline Co. Ltd. Class A | 635,080 | 469 | |
Jinzhou Port Co. Ltd. Class A | 1,144,371 | 469 | |
Zhejiang Zhongcheng Packing Material Co. Ltd. Class A | 524,621 | 469 | |
Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A (XSSC) | 404,858 | 469 | |
Shantui Construction Machinery Co. Ltd. Class A | 909,635 | 468 | |
Shenzhen Aisidi Co. Ltd. Class A | 422,520 | 468 | |
* | Zhejiang Sunriver Culture Co. Ltd. Class A | 906,370 | 466 |
Estun Automation Co. Ltd. Class A (XSHE) | 320,100 | 466 | |
* | Porton Pharma Solutions Ltd. | 115,800 | 464 |
Cinda Real Estate Co. Ltd. Class A (XSHG) | 837,122 | 464 | |
Shandong Homey Aquatic Development Co. Ltd. Class A | 1,296,098 | 463 | |
Digital China Information Service Co. Ltd. Class A (XSEC) | 219,200 | 463 | |
Nanjing Gaoke Co. Ltd. Class A (XSHG) | 371,520 | 462 | |
China National Complete Plant Import & Export Corp. Ltd. Class A | 410,475 | 460 | |
* | Great Chinasoft Technology Co. Ltd. Class A | 681,900 | 459 |
Hubei Xingfa Chemicals Group Co. Ltd. Class A (XSHG) | 367,200 | 459 | |
YLZ Information Technology Co. Ltd. Class A | 377,700 | 457 | |
* | Xiangtan Electric Manufacturing Co. Ltd. Class A (XSHG) | 328,934 | 457 |
Guangdong Shaoneng Group Co. Ltd. Class A | 591,240 | 457 | |
Yang Quan Coal Industry Group Co. Ltd. Class A (XSHG) | 729,300 | 456 | |
KingClean Electric Co. Ltd. Class A | 150,000 | 455 | |
* | Liaoning SG Automotive Group Co. Ltd. Class A | 926,034 | 455 |
* | Shanghai Jielong Industry Group Corp. Ltd. Class A | 639,600 | 455 |
* | Juneyao Airlines Co. Ltd. Class A (XSHG) | 326,939 | 453 |
* | Nanjing Securities Co. Ltd. Class A (XSSC) | 237,400 | 453 |
* | Shanghai Yatong Co. Ltd. Class A | 511,000 | 453 |
41 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Beijing Bewinner Communications Co. Ltd. Class A | 695,710 | 452 | |
Zhejiang China Commodities City Group Co. Ltd. Class A (XSHG) | 976,000 | 452 | |
Deppon Logistics Co. Ltd. Class A | 328,307 | 452 | |
Sinotrans Ltd. Class A | 986,395 | 452 | |
Valiant Co. Ltd. Class A (XSEC) | 212,300 | 452 | |
* | Zhongshan Broad Ocean Motor Co. Ltd. Class A (XSHE) | 893,700 | 452 |
EGing Photovoltaic Technology Co. Ltd. Class A (XSSC) | 1,137,674 | 452 | |
Digiwin Software Co. Ltd. Class A | 247,194 | 451 | |
* | Tianjin Futong Xinmao Science & Technology Co. Ltd. Class A | 957,400 | 451 |
CASIN Real Estate Development Group Co. Ltd. Class A | 1,207,301 | 451 | |
Hongbo Co. Ltd. Class A | 456,950 | 450 | |
Integrated Electronic Systems Lab Co. Ltd. Class A | 550,069 | 450 | |
* | Glorious Property Holdings Ltd. | 23,131,401 | 450 |
Zhejiang NetSun Co. Ltd. Class A (XSHE) | 170,500 | 450 | |
* | Shanghai Weaver Network Co. Ltd. Class A (XSSC) | 39,200 | 449 |
* | Sanxiang Impression Co. Ltd. Class A | 789,300 | 448 |
* | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A | 449,450 | 447 |
Xiwang Foodstuffs Co. Ltd. Class A (XSHE) | 600,740 | 447 | |
* | Shenzhen Gongjin Electronics Co. Ltd. Class A (XSSC) | 263,048 | 447 |
* | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A (XSHG) | 188,500 | 446 |
Hangzhou Cable Co. Ltd. Class A | 505,100 | 446 | |
Universal Scientific Industrial Shanghai Co. Ltd. Class A (XSHG) | 178,938 | 446 | |
Dongfang Electric Corp. Ltd. Class A (XSHG) | 368,700 | 445 | |
Zhejiang Communications Technology Co. Ltd. (XSHE) | 568,700 | 444 | |
Sichuan EM Technology Co. Ltd. Class A (XSHG) | 537,500 | 444 | |
Henan City Development Environment Co. Ltd. | 334,100 | 443 | |
Guangdong Mingzhu Group Co. Ltd. Class A | 503,131 | 443 | |
* | Teamax Smart City Technology Corp. Ltd. Class A | 1,053,185 | 443 |
Citychamp Dartong Co. Ltd. Class A (XSSC) | 925,633 | 443 | |
Wisesoft Co. Ltd. Class A | 247,414 | 443 | |
* | China CIFCO Investment Co. Ltd. Class A | 394,800 | 442 |
Guangzhou Guangri Stock Co. Ltd. Class A (XSSC) | 450,352 | 442 | |
Nanjing Xinlian Electronics Co. Ltd. Class A | 771,541 | 442 | |
* | Juneyao Airlines Co. Ltd. Class A (XSSC) | 317,630 | 440 |
Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 361,300 | 440 | |
* | Zhongfu Straits Pingtan Development Co. Ltd. Class A | 1,368,344 | 439 |
* | Zhongtong Bus Holding Co. Ltd. Class A | 470,700 | 438 |
Jiangxi Hongdu Aviation Industry Co. Ltd. Class A (XSSC) | 240,800 | 438 | |
Hongfa Technology Co. Ltd. Class A (XSSC) | 95,640 | 437 | |
Shenzhen World Union Group Inc. Class A (XSHE) | 1,106,550 | 437 | |
CITIC Heavy Industries Co. Ltd. Class A (XSSC) | 831,227 | 437 | |
* | Hanwei Electronics Group Corp. | 241,802 | 436 |
Neway Valve Suzhou Co. Ltd. Class A (XSHG) | 251,288 | 436 | |
* | Liaoning Cheng Da Co. Ltd. Class A (XSHG) | 176,400 | 436 |
* | Shanghai Yanhua Smartech Group Co. Ltd. Class A | 704,400 | 436 |
* | Shenzhen Kinwong Electronic Co. Ltd. Class A (XSSC) | 61,980 | 435 |
Yabao Pharmaceutical Group Co. Ltd. Class A (XSSC) | 623,083 | 435 | |
* | Gansu Dunhuang Seed Group Co. Ltd. Class A | 819,370 | 434 |
Wolong Real Estate Group Co. Ltd. Class A (XSSC) | 662,901 | 432 | |
NingXia QingLong Pipes Industry Group Co. Ltd. Class A | 430,090 | 432 | |
* | China Oil HBP Science & Technology Co. Ltd. Class A | 1,184,212 | 432 |
Anhui Heli Co. Ltd. Class A (XSHG) | 333,240 | 432 | |
Xiamen Faratronic Co. Ltd. Class A (XSHG) | 58,248 | 430 | |
Zhejiang Juhua Co. Ltd. Class A (XSHG) | 478,140 | 430 | |
Chongqing Water Group Co. Ltd. Class A (XSHG) | 575,000 | 430 | |
Weichai Heavy Machinery Co. Ltd. Class A | 398,324 | 430 | |
Tibet Summit Resources Co. Ltd. Class A (XSHG) | 399,825 | 428 | |
* | Royal Group Co. Ltd. Class A | 593,878 | 426 |
* | Shandong Humon Smelting Co. Ltd. Class A (XSEC) | 212,200 | 424 |
* | CSSC Science & Technology Co. Ltd. Class A (XSSC) | 274,500 | 424 |
* | Changyuan Group Ltd. Class A (XSSC) | 602,283 | 424 |
Grinm Advanced Materials Co. Ltd. Class A (XSHG) | 241,500 | 424 | |
Jiangsu High Hope International Group Corp. Class A (XSHG) | 916,300 | 423 | |
Tibet Cheezheng Tibetan Medicine Co. Ltd. Class A | 157,047 | 422 |
42 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hangzhou Sunyard System Engineering Co. Ltd. Class A (XSSC) | 334,854 | 422 | |
* | Baotailong New Materials Co. Ltd. Class A | 948,000 | 422 |
Guangdong Guanghua Sci-Tech Co. Ltd. Class A | 267,742 | 422 | |
PKU Healthcare Corp. Ltd. Class A | 476,696 | 422 | |
* | Fangda Carbon New Material Co. Ltd. Class A (XSHG) | 358,941 | 421 |
Guangzhou Holike Creative Home Co. Ltd. Class A (XSHG) | 220,658 | 421 | |
* | Zhejiang Jingu Co. Ltd. Class A (XSHE) | 491,860 | 421 |
* | China Wafer Level CSP Co. Ltd. Class A (XSSC) | 29,828 | 421 |
* | Guangdong Weihua Corp. Class A | 366,774 | 420 |
* | Chengdu Xinzhu Road&Bridge Machinery Co. Ltd. Class A | 482,514 | 420 |
Guangzhou Zhiguang Electric Co. Ltd. Class A (XSEC) | 377,400 | 419 | |
* | SGIS Songshan Co. Ltd. Class A (XSHE) | 794,400 | 418 |
Jiangsu General Science Technology Co. Ltd. Class A | 513,200 | 418 | |
ZhongYeDa Electric Co. Ltd. Class A | 395,000 | 417 | |
Jinduicheng Molybdenum Co. Ltd. Class A (XSHG) | 501,200 | 417 | |
* | Andon Health Co. Ltd. Class A | 324,156 | 417 |
* | Shenzhen Huakong SEG Co. Ltd. Class A | 858,900 | 415 |
* | Shangying Global Co. Ltd. Class A | 412,700 | 415 |
China High Speed Railway Technology Co. Ltd. Class A (XSEC) | 927,400 | 415 | |
Haitong Securities Co. Ltd. Class A (XSHG) | 230,600 | 415 | |
Aerospace Hi-Tech Holdings Grp Ltd. Class A (XSHE) | 295,820 | 414 | |
Zhejiang Yatai Pharmaceutical Co. Ltd. Class A | 537,700 | 414 | |
Maanshan Iron & Steel Co. Ltd. Class A (XSHG) | 1,120,600 | 414 | |
* | Zhongchang Big Data Corp. Ltd. Class A | 455,300 | 414 |
* | Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 562,085 | 413 |
Cangzhou Mingzhu Plastic Co. Ltd. Class A | 835,797 | 411 | |
Macrolink Culturaltainment Development Co. Ltd. Class A (XSHE) | 1,056,632 | 411 | |
Shenzhen Absen Optoelectronic Co. Ltd. Class A | 316,981 | 410 | |
* | Guangxi Radio and Television Information Network Corp. Ltd. Class A | 806,202 | 410 |
Mayinglong Pharmaceutical Group Co. Ltd. Class A (XSHG) | 179,100 | 409 | |
Xiamen International Port Co. Ltd. Class H | 4,578,518 | 408 | |
SPIC Yuanda Environmental-Protection Co. Ltd. Class A (XSHG) | 599,200 | 408 | |
* | Shen Zhen Mindata Holding Co. Ltd. Class A | 424,200 | 408 |
Shanghai RAAS Blood Products Co. Ltd. Class A | 343,900 | 407 | |
Shanghai New World Co. Ltd. Class A (XSHG) | 241,200 | 407 | |
Chongqing Gangjiu Co. Ltd. Class A | 802,300 | 406 | |
Hand Enterprise Solutions Co. Ltd. Class A (XSHE) | 327,100 | 406 | |
* | Guangdong JANUS Intelligent Group Corp. Ltd. Class A | 516,100 | 406 |
Hangzhou Binjiang Real Estate Group Co. Ltd. Class A (XSEC) | 658,856 | 406 | |
Shinva Medical Instrument Co. Ltd. Class A (XSHG) | 184,248 | 405 | |
* | Unilumin Group Co. Ltd. Class A (XSEC) | 324,100 | 405 |
Guangzhou Automobile Group Co. Ltd. Class A (XSSC) | 293,330 | 405 | |
* | Beijing Jetsen Technology Co. Ltd. | 680,212 | 403 |
* | Shandong Wohua Pharmaceutical Co. Ltd. Class A | 238,400 | 401 |
* | Asymchem Laboratories Tianjin Co. Ltd. Class A (XSEC) | 15,228 | 401 |
* | Shanghai Rongtai Health Technology Corp. Ltd. Class A | 88,500 | 401 |
*,§ | Anxin Trust Co. Ltd. Class A (XSHG) | 1,130,448 | 401 |
Beijing Capital Development Co. Ltd. Class A (XSHG) | 428,652 | 400 | |
* | Chongqing Yukaifa Co. Ltd. Class A | 731,800 | 399 |
* | Zhuhai Hokai Medical Instruments Co. Ltd. Class A | 479,832 | 398 |
* | Shenzhen Tellus Holding Co. Ltd. Class A (XSHE) | 159,510 | 398 |
GITI Tire Corp. Class A | 219,400 | 398 | |
* | Western Region Gold Co. Ltd. Class A (XSSC) | 206,400 | 397 |
China CYTS Tours Holding Co. Ltd. Class A (XSHG) | 269,300 | 396 | |
* | Tianjin Benefo Tejing Electric Co. Ltd. Class A (XSSC) | 602,466 | 396 |
* | Ningbo Bird Co. Ltd. Class A | 774,100 | 396 |
Mingsheng Holdings Co. Ltd. Class A | 642,355 | 396 | |
* | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A (XSEC) | 314,400 | 396 |
* | Shenzhen Fenda Technology Co. Ltd. Class A (XSHE) | 1,001,030 | 396 |
* | Tunghsu Azure Renewable Energy Co. Ltd. Class A (XSEC) | 928,500 | 395 |
* | Suzhou New District Hi-Tech Industrial Co. Ltd. Class A (XSHG) | 534,800 | 395 |
Xinjiang Zhongtai Chemical Co. Ltd. Class A (XSEC) | 596,400 | 395 | |
Zhejiang Wanma Co. Ltd. Class A (XSHE) | 383,972 | 394 | |
* | Shenzhen Click Technology Co. Ltd. Class A | 257,800 | 394 |
43 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Changchun Eurasia Group Co. Ltd. Class A (XSSC) | 193,201 | 393 | |
Misho Ecology & Landscape Co. Ltd. Class A (XSHE) | 266,900 | 393 | |
* | Shenghe Resources Holding Co. Ltd. Class A (XSSC) | 404,700 | 391 |
Guizhou Guihang Automotive Components Co. Ltd. Class A | 215,284 | 391 | |
Shaanxi Broadcast & TV Network Intermediary Group Co. Ltd. Class A (XSSC) | 416,916 | 391 | |
Whirlpool China Co. Ltd. Class A | 599,150 | 390 | |
Shenzhen Selen Science & Technology Co. Ltd. Class A (XSHE) | 550,000 | 390 | |
Sunward Intelligent Equipment Co. Ltd. Class A (XSHE) | 424,600 | 390 | |
Kunwu Jiuding Investment Holdings Co. Ltd. Class A (XSSC) | 106,168 | 389 | |
Jiangling Motors Corp. Ltd. Class A | 234,298 | 389 | |
Poly Union Chemical Holding Group Co. Ltd. Class A | 454,501 | 389 | |
Shanghai Maling Aquarius Co. Ltd. Class A (XSSC) | 325,098 | 388 | |
* | HNA Innovation Co. Ltd. Class A | 1,456,300 | 388 |
* | Vtron Group Co. Ltd. Class A | 468,923 | 388 |
* | Shanghai Pudong Road & Bridge Construction Co. Ltd. Class A (XSHG) | 422,660 | 388 |
Skyworth Digital Co. Ltd. Class A (XSEC) | 262,900 | 387 | |
Henan Yuguang Gold & Lead Co. Ltd. Class A (XSHG) | 710,800 | 387 | |
AECC Aero-Engine Control Co. Ltd. Class A (XSEC) | 212,300 | 387 | |
* | MCC Meili Cloud Computing Industry Investment Co. Ltd. Class A | 399,728 | 387 |
* | Advanced Technology & Materials Co. Ltd. Class A (XSHE) | 501,000 | 387 |
Lanzhou Great Wall Electrical Co. Ltd. Class A | 584,000 | 386 | |
Zhejiang Aokang Shoes Co. Ltd. Class A | 359,876 | 386 | |
Shanghai Maling Aquarius Co. Ltd. Class A (XSHG) | 323,200 | 386 | |
Longmaster Information & Technology Co. Ltd. Class A | 246,300 | 385 | |
Ningbo Yunsheng Co. Ltd. Class A (XSSC) | 492,931 | 385 | |
* | Shenzhen Changhong Technology Co. Ltd. | 250,200 | 383 |
* | Beijing Philisense Technology Co. Ltd. | 619,200 | 383 |
* | Xining Special Steel Co. Ltd. Class A | 906,600 | 383 |
* | GI Technologies Group Co. Ltd. Class A | 964,760 | 383 |
Shanghai Chinafortune Co. Ltd. Class A (XSHG) | 165,500 | 383 | |
Beijing WKW Automotive Parts Co. Ltd. Class A | 652,976 | 383 | |
* | Harbin Pharmaceutical Group Co. Ltd. Class A (XSHG) | 739,354 | 382 |
Guangzhou Tinci Materials Technology Co. Ltd. Class A (XSEC) | 100,100 | 382 | |
Bingshan Refrigeration & Heat Transfer Technologies Co. Ltd. | 1,763,581 | 382 | |
China Baoan Group Co. Ltd. Class A (XSEC) | 418,120 | 381 | |
* | New Huadu Supercenter Co. Ltd. Class A | 589,800 | 380 |
KPC Pharmaceuticals Inc. Class A (XSHG) | 280,088 | 379 | |
* | Talkweb Information System Co. Ltd. Class A (XSEC) | 314,007 | 379 |
* | Henan Yuneng Holdings Co. Ltd. Class A | 829,200 | 379 |
Dalian Huarui Heavy Industry Group Co. Ltd. Class A (XSHE) | 683,920 | 378 | |
Netposa Technologies Ltd. Class A | 899,677 | 378 | |
Greatoo Intelligent Equipment Inc. | 1,407,600 | 377 | |
* | Shenzhen Selen Science & Technology Co. Ltd. Class A (XSEC) | 531,448 | 377 |
* | Anhui Jianghuai Automobile Group Corp. Ltd. Class A (XSHG) | 534,301 | 376 |
Long Yuan Construction Group Co. Ltd. Class A (XSHG) | 281,700 | 375 | |
Anhui Yingliu Electromechanical Co. Ltd. Class A (XSHG) | 186,000 | 374 | |
Western Region Gold Co. Ltd. Class A (XSHG) | 194,400 | 374 | |
Sinochem International Corp. Class A (XSHG) | 539,110 | 374 | |
* | SGIS Songshan Co. Ltd. Class A (XSEC) | 711,200 | 374 |
* | Datong Coal Industry Co. Ltd. Class A (XSHG) | 721,035 | 374 |
Hubei Broadcasting & Television Information Network Co. Ltd. Class A (XSHE) | 521,920 | 373 | |
* | Kingenta Ecological Engineering Group Co. Ltd. Class A (XSEC) | 987,507 | 373 |
* | Shandong Shengli Co. Class A | 821,977 | 373 |
* | Beijing Teamsun Technology Co. Ltd. Class A (XSHG) | 180,320 | 372 |
Xiamen King Long Motor Group Co. Ltd. Class A | 458,046 | 372 | |
Changchun Eurasia Group Co. Ltd. Class A (XSHG) | 182,041 | 371 | |
* | Shenzhen Batian Ecotypic Engineering Co. Ltd. Class A (XSHE) | 651,251 | 370 |
* | Kinghand Industrial Investment Co. Ltd. Class A | 650,000 | 369 |
Hubei Energy Group Co. Ltd. Class A (XSEC) | 703,490 | 369 | |
* | Dalian Zeus Entertainment Group Co. Ltd. Class A | 1,485,769 | 369 |
* | China Satellite Communications Co. Ltd. Class A (XSSC) | 153,800 | 369 |
§ | Tahoe Group Co. Ltd. Class A (XSEC) | 589,076 | 368 |
ChangjiangRunfa Health Industry Co. Ltd. Class A | 680,199 | 368 | |
* | Changyuan Group Ltd. Class A (XSHG) | 522,960 | 368 |
44 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Sanlux Co. Ltd. Class A | 412,600 | 368 | |
* | Ecovacs Robotics Co. Ltd. Class A (XSSC) | 134,000 | 367 |
Sansheng Intellectual Education Technology Co. Ltd. Class A | 453,037 | 367 | |
Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A (XSEC) | 222,700 | 366 | |
Anhui Zhongding Sealing Parts Co. Ltd. Class A (XSEC) | 340,400 | 366 | |
* | Zhejiang Satellite Petrochemical Co. Ltd. Class A (XSEC) | 189,100 | 366 |
Bros Eastern Co. Ltd. Class A (XSHG) | 778,810 | 366 | |
Hubei Century Network Technology Co. Ltd. Class A | 181,300 | 365 | |
* | Tianjin Hi-Tech Development Co. Ltd. Class A | 766,902 | 364 |
* | Infund Holding Co. Ltd. | 873,334 | 363 |
* | Inner Mongolia Xingye Mining Co. Ltd. Class A (XSEC) | 503,000 | 362 |
* | Shandong Sunway Petrochemical Engineering Co. Ltd. Class A | 577,700 | 361 |
* | Guizhou Salvage Pharmaceutical Co. Ltd. Class A | 836,100 | 361 |
* | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A (XSEC) | 515,756 | 361 |
Northeast Securities Co. Ltd. Class A (XSEC) | 315,900 | 360 | |
CTS International Logistics Corp. Ltd. Class A (XSHG) | 450,986 | 359 | |
Jishi Media Co. Ltd. Class A (XSSC) | 1,259,300 | 359 | |
Changzhou Tronly New Electronic Materials Co. Ltd. Class A (XSHE) | 164,114 | 359 | |
Shenzhen ESUN Display Co. Ltd. Class A | 126,526 | 358 | |
AECC Aero-Engine Control Co. Ltd. Class A (XSHE) | 196,500 | 358 | |
* | Shaanxi J&R Optimum Energy Co. Ltd. Class A (XSHE) | 1,478,568 | 358 |
* | Xinjiang Ba Yi Iron & Steel Co. Ltd. Class A | 846,000 | 358 |
Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A (XSEC) | 308,800 | 357 | |
* | Guangdong Orient Zirconic Ind Sci & Tech Co. Ltd. Class A | 451,100 | 356 |
Zhejiang Hangmin Co. Ltd. Class A (XSHG) | 461,245 | 356 | |
Hisense Visual Technology Co. Ltd. Class A (XSHG) | 229,200 | 356 | |
Beijing Hualian Department Store Co. Ltd. Class A (XSHE) | 1,344,700 | 355 | |
* | Shenzhen Fountain Corp. Class A | 936,700 | 354 |
Qinhuangdao Port Co. Ltd. Class A (XSSC) | 931,800 | 353 | |
Ningbo Peacebird Fashion Co. Ltd. Class A (XSHG) | 175,698 | 353 | |
China World Trade Center Co. Ltd. Class A (XSHG) | 172,500 | 353 | |
Duzhe Publishing & Media Co. Ltd. Class A | 441,400 | 353 | |
Chongqing Dima Industry Co. Ltd. Class A (XSHG) | 868,700 | 353 | |
* | Guangdong South New Media Co. Ltd. Class A (XSEC) | 16,140 | 352 |
Shanghai Kehua Bio-Engineering Co. Ltd. Class A (XSEC) | 160,900 | 351 | |
Guangzhou Development Group Inc. Class A | 427,000 | 350 | |
* | Hubei Mailyard Share Co. Ltd. Class A | 259,600 | 350 |
* | China Merchants Energy Shipping Co. Ltd. Class A (XSSC) | 367,000 | 350 |
China High Speed Railway Technology Co. Ltd. Class A (XSHE) | 782,197 | 350 | |
Changzhou Qianhong Biopharma Co. Ltd. Class A (XSEC) | 553,950 | 349 | |
Shanghai Join Buy Co. Ltd. Class A | 421,900 | 348 | |
* | First Tractor Co. Ltd. Class A (XSHG) | 352,300 | 348 |
* | Beijing Jiaxun Feihong Electrical Co. Ltd. Class A | 397,000 | 348 |
* | Shanghai STEP Electric Corp. Class A | 503,347 | 347 |
* | Huludao Zinc Industry Co. Class A | 943,200 | 347 |
* | Youngy Co. Ltd. Class A | 183,076 | 346 |
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class A (XSSC) | 280,900 | 346 | |
* | Guangdong Shunna Electric Co. Ltd. Class A | 864,971 | 346 |
Gansu Yasheng Industrial Group Co. Ltd. Class A (XSSC) | 721,600 | 346 | |
* | Jiangsu Aucksun Co. Ltd. Class A | 653,250 | 345 |
Tibet Urban Development and Investment Co. Ltd. Class A (XSHG) | 444,170 | 345 | |
Huaxin Cement Co. Ltd. Class A (XSHG) | 92,260 | 343 | |
Chongqing Sansheng Industrial Co. Ltd. Class A | 356,000 | 343 | |
* | Shenzhen Textile Holdings Co. Ltd. Class A | 361,875 | 342 |
STO Express Co. Ltd. Class A (XSEC) | 147,399 | 342 | |
* | V V Food & Beverage Co. Ltd. Class A (XSSC) | 772,770 | 342 |
YongXing Special Materials Technology Co. Ltd. Class A | 154,468 | 342 | |
* | Shanghai Dragon Corp. Class A | 364,000 | 342 |
Bank of Chengdu Co. Ltd. Class A (XSSC) | 312,100 | 341 | |
* | Keda Clean Energy Co. Ltd. Class A (XSHG) | 591,200 | 339 |
China Animal Husbandry Industry Co. Ltd. Class A (XSSC) | 168,297 | 339 | |
* | Changzheng Engineering Co. Ltd. Class A (XSSC) | 223,016 | 339 |
* | Shenzhen New Nanshan Holding Group Co. Ltd. Class A (XSHE) | 898,744 | 338 |
* | Beiqi Foton Motor Co. Ltd. Class A (XSSC) | 1,333,709 | 338 |
45 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Sinoma Science & Technology Co. Ltd. Class A (XSEC) | 191,500 | 338 | |
* | Hangzhou Lianluo Interactive Information Technology Co. Ltd. Class A (XSEC) | 1,161,700 | 336 |
* | Shanghai Baosight Software Co. Ltd. Class A (XSSC) | 47,300 | 336 |
Everyday Network Co. Ltd. Class A | 206,800 | 336 | |
* | FSPG Hi-Tech Co. Ltd. Class A | 556,700 | 336 |
Shanghai New Huang Pu Industrial Group Co. Ltd. Class A (XSHG) | 474,480 | 336 | |
Ninestar Corp. Class A (XSEC) | 79,800 | 335 | |
* | Shenzhen Noposion Agrochemicals Co. Ltd. Class A (XSHE) | 383,200 | 334 |
Shenzhen Ysstech Info-tech Co. Ltd. Class A (XSEC) | 235,000 | 334 | |
Henan Senyuan Electric Co. Ltd. Class A (XSEC) | 427,000 | 332 | |
* | Tianjin Guangyu Development Co. Ltd. Class A (XSEC) | 355,697 | 332 |
Shanghai New Huang Pu Industrial Group Co. Ltd. Class A (XSSC) | 469,716 | 332 | |
Shanghai Shenda Co. Ltd. Class A (XSSC) | 481,693 | 332 | |
* | Guangdong Sunwill Precising Plastic Co. Ltd. Class A | 618,660 | 332 |
Shanghai Huayi Group Co. Ltd. Class A (XSHG) | 449,976 | 332 | |
* | Jiangsu Wuzhong Industrial Co. Class A (XSSC) | 359,939 | 331 |
Hunan Nanling Industry Explosive Material Co. Ltd. Class A | 413,559 | 330 | |
South Huiton Co. Ltd. Class A | 423,300 | 330 | |
China Railway Tielong Container Logistics Co. Ltd. Class A (XSHG) | 450,150 | 328 | |
* | Shanghai DragonNet Technology Co. Ltd. | 269,201 | 328 |
Shanghai Lansheng Corp. Class A (XSSC) | 238,891 | 328 | |
Shandong Chenming Paper Holdings Ltd. Class A (XSEC) | 474,741 | 328 | |
* | Sinosun Technology Co. Ltd. | 271,600 | 328 |
* | Cangzhou Dahua Co. Ltd. Class A | 305,520 | 328 |
Shanghai Belling Co. Ltd. Class A (XSHG) | 143,000 | 327 | |
* | Aerosun Corp. Class A (XSSC) | 276,162 | 327 |
Zhuzhou Times New Material Technology Co. Ltd. Class A (XSSC) | 348,522 | 325 | |
Guangxi Wuzhou Zhongheng Group Co. Ltd. Class A (XSHG) | 683,200 | 325 | |
Zhejiang Jingxing Paper JSC Ltd. Class A | 756,000 | 325 | |
Deluxe Family Co. Ltd. Class A (XSHG) | 717,500 | 324 | |
* | KAISA JiaYun Technology Inc. Class A | 479,920 | 323 |
* | CITIC Guoan Information Industry Co. Ltd. Class A (XSEC) | 709,120 | 323 |
* | Loncin Motor Co. Ltd. Class A (XSSC) | 645,000 | 323 |
Guangxi Guidong Electric Power Co. Ltd. Class A | 616,200 | 323 | |
* | Shanghai AtHub Co. Ltd. Class A (XSSC) | 38,400 | 322 |
* | Lander Sports Development Co. Ltd. Class A | 912,050 | 322 |
Zhejiang Daily Digital Culture Group Co. Ltd. Class A (XSSC) | 241,888 | 322 | |
* | Zhejiang Vie Science & Technology Co. Ltd. Class A | 336,000 | 321 |
Citychamp Dartong Co. Ltd. Class A (XSHG) | 668,700 | 320 | |
Luxin Venture Capital Group Co. Ltd. Class A (XSSC) | 165,708 | 319 | |
* | Keda Clean Energy Co. Ltd. Class A (XSSC) | 554,600 | 318 |
* | Sichuan Xun You Network Technology Co. Ltd. Class A (XSHE) | 152,900 | 318 |
ZYNP Corp. Class A | 447,900 | 318 | |
Saurer Intelligent Technology Co. Ltd. Class A (XSHG) | 449,600 | 318 | |
* | Jiangsu Aoyang Health Industry Co. Ltd. Class A | 784,900 | 316 |
Zhejiang Yankon Group Co. Ltd. Class A (XSHG) | 625,675 | 316 | |
Shenzhen Silver Basis Technology Co. Ltd. Class A | 266,346 | 316 | |
* | Ligeance Aerospace Technology Co. Ltd. Class A (XSHE) | 265,566 | 315 |
Jangho Group Co. Ltd. Class A (XSHG) | 348,300 | 315 | |
* | Maoye Commericial Co. Ltd. Class A (XSHG) | 591,127 | 313 |
Rizhao Port Co. Ltd. Class A (XSSC) | 912,650 | 312 | |
* | Lanzhou LS Heavy Equipment Co. Ltd. Class A (XSSC) | 489,203 | 312 |
CMST Development Co. Ltd. Class A (XSHG) | 467,300 | 311 | |
China Grand Automotive Services Co. Ltd. Class A (XSHG) | 640,770 | 311 | |
* | Ligeance Aerospace Technology Co. Ltd. Class A (XSEC) | 262,000 | 311 |
Guangdong HEC Technology Holding Co. Ltd. Class A (XSSC) | 328,360 | 311 | |
* | Mesnac Co. Ltd. Class A | 567,589 | 311 |
* | Dongguan Kingsun Optoelectronic Co. Ltd. Class A | 806,250 | 308 |
Simei Media Co. Ltd. Class A | 345,237 | 308 | |
Fujian Longking Co. Ltd. Class A (XSHG) | 245,222 | 308 | |
Zhejiang Hangmin Co. Ltd. Class A (XSSC) | 398,739 | 308 | |
Wuxi Taiji Industry Co. Ltd. Class A (XSHG) | 204,420 | 308 | |
Xiamen ITG Group Corp. Ltd. Class A (XSHG) | 348,100 | 307 | |
* | Guizhou Red Star Developing Co. Ltd. Class A | 321,100 | 306 |
46 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Bode Energy Equipment Co. Ltd. Class A | 260,758 | 305 |
Beijing Hualian Department Store Co. Ltd. Class A (XSEC) | 1,155,081 | 305 | |
* | Beijing Philisense Technology Co. Ltd. Class A | 492,033 | 305 |
Zhejiang Yongtai Technology Co. Ltd. Class A (XSEC) | 194,987 | 304 | |
* | Henan Huanghe Whirlwind Co. Ltd. Class A (XSSC) | 664,380 | 304 |
* | China Chengtong Development Group Ltd. | 13,753,007 | 303 |
Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A (XSEC) | 129,200 | 303 | |
Sunstone Development Co. Ltd. Class A | 202,300 | 303 | |
* | Lifan Industry Group Co. Ltd. Class A (XSHG) | 674,200 | 302 |
* | Zhejiang Communications Technology Co. Ltd. (XSEC) | 386,700 | 302 |
* | Xiamen 35.com Technology Co. Ltd. Class A | 289,600 | 300 |
* | Shanghai Amarsoft Information & Technology Co. Ltd. Class A | 123,100 | 300 |
* | GuangDong PaiSheng Intelligent Technology Co. Ltd. Class A | 331,713 | 300 |
* | Guangzhou Hangxin Aviation Technology Co. Ltd. Class A | 155,300 | 299 |
Huadong Medicine Co. Ltd. Class A (XSEC) | 106,600 | 298 | |
* | Nanjing Quanxin Cable Technology Co. Ltd. Class A | 205,630 | 298 |
Shenzhen Hongtao Group Co. Ltd. Class A | 691,360 | 298 | |
Sinoma International Engineering Co. Class A (XSHG) | 361,650 | 296 | |
Sufa Technology Industry Co. Ltd. CNNC Class A | 190,700 | 296 | |
Yunnan Chihong Zinc&Germanium Co. Ltd. Class A (XSHG) | 604,980 | 296 | |
Neway Valve Suzhou Co. Ltd. Class A (XSSC) | 170,321 | 296 | |
Henan Senyuan Electric Co. Ltd. Class A (XSHE) | 379,562 | 295 | |
CTS International Logistics Corp. Ltd. Class A (XSSC) | 370,600 | 295 | |
* | Shenzhen Noposion Agrochemicals Co. Ltd. Class A (XSEC) | 338,500 | 295 |
* | Rongan Property Co. Ltd. Class A (XSHE) | 814,200 | 295 |
Wuxi Commercial Mansion Grand Orient Co. Ltd. Class A (XSHG) | 558,122 | 295 | |
* | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A (XSSC) | 80,000 | 294 |
Guomai Technologies Inc. Class A (XSEC) | 238,886 | 294 | |
Jiangsu Phoenix Publishing & Media Corp. Ltd. Class A (XSHG) | 319,000 | 294 | |
Black Peony Group Co. Ltd. Class A (XSHG) | 225,400 | 292 | |
* | Huaxun Fangzhou Co. Ltd. Class A | 623,200 | 292 |
Orient International Enterprise Ltd. Class A (XSHG) | 236,900 | 291 | |
Ningbo Huaxiang Electronic Co. Ltd. Class A (XSEC) | 117,500 | 290 | |
* | China Tungsten And Hightech Materials Co. Ltd. Class A | 363,860 | 290 |
Beijing Urban Construction Investment & Development Co. Ltd. Class A (XSHG) | 312,720 | 290 | |
Juli Sling Co. Ltd. Class A | 686,926 | 289 | |
Tianjin Capital Environmental Protection Group Co. Ltd. Class A (XSHG) | 294,500 | 289 | |
* | Xingmin Intelligent Transportation Systems Group Co. Ltd. Class A | 371,526 | 289 |
Zhonglu Co. Ltd. Class A (XSSC) | 189,037 | 288 | |
Changjiang & Jinggong Steel Building Group Co. Ltd. Class A (XSHG) | 590,400 | 288 | |
* | Qinchuan Machine Tool & Tool Group Share Co. Ltd. Class A | 549,605 | 288 |
Sichuan Changhong Electric Co. Ltd. Class A (XSSC) | 787,438 | 288 | |
Shenzhen Agricultural Products Group Co. Ltd. Class A (XSEC) | 264,300 | 287 | |
* | Sichuan Hebang Biotechnology Co. Ltd. Class A (XSHG) | 1,495,340 | 287 |
* | Hangzhou Lianluo Interactive Information Technology Co. Ltd. Class A (XSHE) | 988,358 | 286 |
Xinjiang Joinworld Co. Ltd. Class A (XSHG) | 446,160 | 284 | |
* | Meidu Energy Corp. Class A (XSSC) | 2,309,881 | 284 |
Shenzhen Expressway Co. Ltd. Class A (XSHG) | 206,700 | 284 | |
China Hi-Tech Group Co. Class A (XSHG) | 449,600 | 284 | |
Glarun Technology Co. Ltd. Class A (XSHG) | 137,358 | 283 | |
First Capital Securities Co. Ltd. Class A (XSEC) | 290,700 | 282 | |
* | CPT Technology Group Co. Ltd. Class A (XSHE) | 1,305,529 | 282 |
Citic Offshore Helicopter Co. Ltd. Class A | 296,000 | 281 | |
Central China Securities Co. Ltd. Class A (XSSC) | 427,300 | 281 | |
Jinxi Axle Co. Ltd. Class A (XSSC) | 501,211 | 281 | |
* | Jiangsu Dagang Co. Ltd. Class A | 423,089 | 280 |
Ningbo David Medical Device Co. Ltd. Class A | 182,500 | 280 | |
Chengdu Huasun Technology Group Inc. Ltd. Class A | 404,571 | 280 | |
Zhejiang Hailiang Co. Ltd. Class A (XSEC) | 214,167 | 280 | |
Anhui Yingliu Electromechanical Co. Ltd. Class A (XSSC) | 138,800 | 279 | |
Macrolink Culturaltainment Development Co. Ltd. Class A (XSEC) | 718,242 | 279 | |
Changying Xinzhi Technology Co. Ltd. Class A | 147,800 | 278 | |
* | Tibet Mineral Development Co. Class A | 291,700 | 278 |
* | Nations Technologies Inc. Class A (XSEC) | 266,700 | 278 |
47 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Xiamen Tungsten Co. Ltd. Class A (XSHG) | 174,200 | 278 | |
* | Hiconics Eco-energy Technology Co. Ltd. Class A | 481,400 | 277 |
Xiamen Xindeco Ltd. Class A | 486,051 | 277 | |
* | Ningbo Cixing Co. Ltd. Class A | 470,900 | 277 |
Ningbo Sanxing Medical Electric Co. Ltd. Class A (XSHG) | 258,500 | 277 | |
* | Zhejiang Yonggui Electric Equipment Co. Ltd. Class A | 251,570 | 277 |
Qinhuangdao Port Co. Ltd. Class A (XSHG) | 729,500 | 277 | |
Yueyang Forest & Paper Co. Ltd. Class A (XSSC) | 402,600 | 277 | |
Kunshan Kersen Science & Technology Co. Ltd. Class A (XSHG) | 177,968 | 276 | |
Tianjin ZhongXin Pharmaceutical Group Corp. Ltd. Class A (XSHG) | 141,500 | 276 | |
* | Beijing Dinghan Technology Group Co. Ltd. | 320,100 | 275 |
* | Far East Smarter Energy Co. Ltd. Class A (XSHG) | 455,060 | 275 |
* | Shanghai Metersbonwe Fashion & Accessories Co. Ltd. Class A | 926,300 | 274 |
* | Guangzhou Zhiguang Electric Co. Ltd. Class A (XSHE) | 246,000 | 273 |
* | Fujian Dongbai Group Co. Ltd. Class A (XSSC) | 401,500 | 273 |
* | Rastar Group | 558,700 | 273 |
* | Vcanbio Cell & Gene Engineering Corp. Ltd. Class A (XSSC) | 103,883 | 273 |
China Molybdenum Co. Ltd. Class A (XSHG) | 558,700 | 273 | |
Xiangxue Pharmaceutical Co. Ltd. Class A | 207,900 | 272 | |
Zhengzhou Sino Crystal Diamond Co. Ltd. Class A | 944,451 | 271 | |
Tangshan Sanyou Chemical Industries Co. Ltd. Class A (XSHG) | 435,200 | 271 | |
* | North Navigation Control Technology Co. Ltd. Class A (XSHG) | 256,600 | 271 |
Wolong Electric Group Co. Ltd. Class A (XSHG) | 180,200 | 271 | |
MYS Group Co. Ltd. (XSEC) | 412,525 | 271 | |
Jiangsu Phoenix Property Investment Co. Ltd. Class A (XSSC) | 533,520 | 270 | |
* | Jiangsu Yueda Investment Co. Ltd. Class A (XSSC) | 486,700 | 270 |
Shanxi Blue Flame Holding Co. Ltd. Class A (XSHE) | 246,440 | 269 | |
* | Bestway Marine & Energy Technology Co. Ltd. Class A | 706,350 | 268 |
* | Yihua Healthcare Co. Ltd. Class A (XSHE) | 495,958 | 268 |
Guangdong Xinhui Meida Nylon Co. Ltd. Class A | 579,600 | 268 | |
Ningxia Building Materials Group Co. Ltd. Class A (XSHG) | 129,000 | 268 | |
* | Shenzhen Mason Technologies Co. Ltd. Class A | 477,100 | 268 |
Hunan Gold Corp. Ltd. Class A (XSEC) | 251,000 | 268 | |
Yotrio Group Co. Ltd. Class A (XSEC) | 488,100 | 267 | |
Shaanxi Aerospace Power Hi-Tech Co. Ltd. Class A (XSSC) | 236,600 | 267 | |
Focused Photonics Hangzhou Inc. Class A (XSHE) | 143,400 | 267 | |
Xinjiang Yilite Industry Co. Ltd. Class A (XSSC) | 148,688 | 267 | |
* | Dashang Co. Ltd. Class A (XSHG) | 84,700 | 266 |
Founder Technology Group Corp. Class A (XSHG) | 533,300 | 266 | |
China Television Media Ltd. Class A (XSSC) | 155,437 | 264 | |
* | Shanghai Lonyer Fuels Co. Ltd. Class A | 230,500 | 264 |
China Pacific Insurance Group Co. Ltd. Class A (XSHG) | 61,300 | 264 | |
*,§ | Shanghai Jiaoda Onlly Co. Ltd. Class A | 651,750 | 264 |
Zhuzhou Kibing Group Co. Ltd. Class A (XSHG) | 356,400 | 263 | |
* | Guangzhou Shangpin Home Collection Co. Ltd. Class A (XSEC) | 27,699 | 263 |
* | Zhejiang Founder Motor Co. Ltd. Class A | 378,586 | 263 |
Henan Rebecca Hair Products Co. Ltd. Class A (XSSC) | 687,794 | 263 | |
Shanghai Industrial Development Co. Ltd. Class A (XSHG) | 357,890 | 262 | |
Huafa Industrial Co. Ltd. Zhuhai Class A (XSHG) | 276,840 | 260 | |
* | Dr Peng Telecom & Media Group Co. Ltd. Class A (XSHG) | 257,100 | 260 |
Yueyang Xingchang Petrochemical Class A | 240,400 | 260 | |
Hanyu Group Joint-Stock Co. Ltd. Class A | 366,370 | 260 | |
* | Beijing HualuBaina Film & TV Co. Ltd. Class A (XSHE) | 385,200 | 260 |
Sino-Platinum Metals Co. Ltd. Class A (XSHG) | 114,075 | 259 | |
* | Shenzhen Fenda Technology Co. Ltd. Class A (XSEC) | 656,357 | 259 |
Guangdong Zhengye Technology Co. Ltd. Class A | 286,236 | 259 | |
* | JC Finance & Tax Interconnect Holdings Ltd. Class A (XSEC) | 178,200 | 257 |
Red Avenue New Materials Group Co. Ltd. Class A (XSSC) | 123,300 | 257 | |
* | Shenzhen Liantronics Co. Ltd. Class A | 525,023 | 257 |
Jason Furniture Hangzhou Co. Ltd. Class A (XSSC) | 45,900 | 257 | |
* | Beijing Wanji Technology Co. Ltd. Class A | 24,500 | 257 |
Hunan Investment Group Co. Ltd. Class A | 490,600 | 256 | |
* | Elefirst Science & Technology Co. Ltd. Class A | 319,487 | 255 |
Da An Gene Co. Ltd. of Sun Yat-Sen University Class A (XSEC) | 79,900 | 255 |
48 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Qianjiang Water Resources Development Co. Ltd. Class A | 186,351 | 255 |
* | Guizhou Gas Group Corp. Ltd. Class A (XSSC) | 184,400 | 255 |
* | Sichuan Western Resources Holding Co. Ltd. Class A | 662,400 | 254 |
Tunghsu Azure Renewable Energy Co. Ltd. Class A (XSHE) | 597,100 | 254 | |
Hexing Electrical Co. Ltd. Class A (XSHG) | 120,021 | 254 | |
Beijing Sifang Automation Co. Ltd. Class A (XSHG) | 266,300 | 253 | |
* | China Water Industry Group Ltd. | 7,223,349 | 251 |
* | AECC Aero Science and Technology Co. Ltd. Class A (XSSC) | 103,600 | 251 |
* | Hainan Mining Co. Ltd. Class A (XSHG) | 388,000 | 251 |
* | Wuxi Hodgen Technology Co. Ltd. Class A | 342,521 | 251 |
Zhuzhou Times New Material Technology Co. Ltd. Class A (XSHG) | 267,900 | 250 | |
Guangzhou Great Power Energy & Technology Co. Ltd. Class A (XSEC) | 87,300 | 249 | |
Gansu Yasheng Industrial Group Co. Ltd. Class A (XSHG) | 519,200 | 249 | |
* | Shandong Meichen Ecology & Environment Co. Ltd. Class A (XSHE) | 804,420 | 248 |
Shanghai Baosight Software Co. Ltd. Class A (XSHG) | 34,900 | 248 | |
* | Zhejiang Asia-Pacific Mechanical & Electronic Co. Ltd. Class A | 385,700 | 248 |
Time Publishing and Media Co. Ltd. Class A (XSSC) | 239,408 | 247 | |
Jinfa Labi Maternity & Baby Articles Co. Ltd. Class A | 345,345 | 247 | |
1 | Ozner Water International Holding Ltd. | 7,295,237 | 246 |
* | Nanjing Huadong Electronics Information & Technology Co. Ltd. Class A | 1,322,852 | 246 |
* | Yihua Healthcare Co. Ltd. Class A (XSEC) | 452,475 | 245 |
Ningbo Shanshan Co. Ltd. Class A (XSHG) | 159,200 | 244 | |
* | Dashang Co. Ltd. Class A (XSSC) | 77,700 | 244 |
* | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSHG) | 557,401 | 244 |
Top Resource Conservation & Environment Corp. Class A (XSEC) | 364,100 | 243 | |
Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A (XSHG) | 332,200 | 242 | |
Guizhou Panjiang Refined Coal Co. Ltd. Class A (XSSC) | 333,800 | 241 | |
* | Qinghai Spring Medicinal Resources Technology Co. Ltd. Class A | 388,781 | 240 |
* | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A (XSEC) | 107,861 | 238 |
Jiangsu Yunyi Electric Co. Ltd. Class A | 452,540 | 238 | |
Xinjiang Xuefeng Sci-Tech Group Co. Ltd. Class A | 458,800 | 237 | |
Beijing Bashi Media Co. Ltd. Class A (XSSC) | 439,434 | 237 | |
* | Liuzhou Iron & Steel Co. Ltd. Class A (XSSC) | 335,500 | 236 |
* | Ciwen Media Co. Ltd. | 206,209 | 236 |
Xuji Electric Co. Ltd. Class A (XSEC) | 119,400 | 236 | |
* | V V Food & Beverage Co. Ltd. Class A (XSHG) | 532,402 | 235 |
* | Triumph Science & Technology Co. Ltd. Class A (XSSC) | 309,550 | 235 |
Xinjiang Tianye Co. Ltd. Class A (XSHG) | 370,020 | 235 | |
JCHX Mining Management Co. Ltd. Class A (XSSC) | 183,573 | 234 | |
Tianqi Lithium Corp. Class A (XSEC) | 101,153 | 233 | |
China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. Class A (XSEC) | 412,400 | 233 | |
Shanghai Zhezhong Group Co. Ltd. Class A | 165,900 | 232 | |
* | Zhe Jiang Kangsheng Co. Ltd. Class A (XSEC) | 841,000 | 231 |
* | LandOcean Energy Services Co. Ltd. Class A | 599,400 | 231 |
Sichuan Languang Development Co. Ltd. Class A (XSSC) | 283,172 | 231 | |
Shenzhen Minkave Technology Co. Ltd. Class A | 309,890 | 230 | |
* | Dezhan Healthcare Co. Ltd. Class A | 302,522 | 230 |
* | Truking Technology Ltd. Class A | 238,000 | 229 |
* | Henan Yinge Industrial Investment Holding Co. Ltd. Class A | 1,222,760 | 228 |
* | Tianjin Benefo Tejing Electric Co. Ltd. Class A (XSHG) | 346,500 | 228 |
Zhejiang Wanma Co. Ltd. Class A (XSEC) | 221,800 | 228 | |
* | CSSC Offshore and Marine Engineering Group Co. Ltd. Class A (XSHG) | 107,500 | 227 |
* | Qtone Education Group Guandong Ltd. Class A | 296,692 | 226 |
China Harzone Industry Corp. Ltd. Class A (XSHE) | 192,543 | 226 | |
* | Rongan Property Co. Ltd. Class A (XSEC) | 623,500 | 226 |
Aerospace Hi-Tech Holdings Grp Ltd. Class A (XSEC) | 161,051 | 226 | |
Jiangsu Wanlin Modern Logistics Co. Ltd. Class A | 460,880 | 226 | |
Shenzhen World Union Group Inc. Class A (XSEC) | 570,105 | 225 | |
* | Shenzhen Batian Ecotypic Engineering Co. Ltd. Class A (XSEC) | 395,100 | 224 |
* | Loncin Motor Co. Ltd. Class A (XSHG) | 448,250 | 224 |
Jiangmen Kanhoo Industry Co. Ltd. Class A | 161,317 | 224 | |
Huadian Heavy Industries Co. Ltd. Class A (XSHG) | 414,676 | 221 | |
China National Accord Medicines Corp. Ltd. Class A | 38,167 | 221 |
49 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Suzhou Anjie Technology Co. Ltd. Class A (XSEC) | 82,900 | 220 | |
* | TianGuang ZhongMao Co. Ltd. Class A (XSHE) | 1,696,512 | 220 |
Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A (XSEC) | 174,600 | 220 | |
* | Xinjiang Tianye Co. Ltd. Class A (XSSC) | 345,853 | 219 |
Aerospace CH UAV Co. Ltd. (XSEC) | 128,700 | 217 | |
Shanxi Guoxin Energy Corp. Ltd. Class A (XSHG) | 434,126 | 217 | |
*,§ | Hua Han Health Industry Holdings Ltd. | 13,993,028 | 217 |
* | Triumph Science & Technology Co. Ltd. Class A (XSHG) | 284,700 | 216 |
§ | Shanghai Qiangsheng Holding Co. Ltd. Class A (XSHG) | 395,000 | 215 |
* | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A (XSSC) | 22,000 | 214 |
* | Beijing Beilu Pharmaceutical Co. Ltd. | 173,900 | 213 |
Air China Ltd. Class A (XSSC) | 209,538 | 213 | |
Shanxi Xishan Coal & Electricity Power Co. Ltd. Class A (XSEC) | 317,700 | 212 | |
Rastar Group Class A | 431,500 | 211 | |
* | Tangel Publishing Co. Ltd. Class A | 408,820 | 211 |
Do-Fluoride Chemicals Co. Ltd. Class A (XSEC) | 142,500 | 209 | |
* | State Grid Yingda Co. Ltd. Class A (XSHG) | 209,544 | 208 |
Zhejiang Ming Jewelry Co. Ltd. Class A | 328,100 | 208 | |
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A | 270,600 | 208 | |
Tibet Urban Development and Investment Co. Ltd. Class A (XSSC) | 267,344 | 208 | |
Jiangsu Phoenix Property Investment Co. Ltd. Class A (XSHG) | 409,000 | 207 | |
Fujian Cement Inc. Class A (XSSC) | 119,800 | 207 | |
* | Beijing Interact Technology Co. Ltd. Class A | 269,800 | 207 |
Beijing Gehua CATV Network Co. Ltd. Class A (XSSC) | 173,800 | 206 | |
Hubei Broadcasting & Television Information Network Co. Ltd. Class A (XSEC) | 288,255 | 206 | |
Jiangsu Linyang Energy Co. Ltd. Class A (XSHG) | 284,900 | 206 | |
* | Jilin Yatai Group Co. Ltd. Class A (XSHG) | 492,000 | 205 |
Beijing Jingyuntong Technology Co. Ltd. Class A (XSHG) | 450,160 | 205 | |
Shaanxi Broadcast & TV Network Intermediary Group Co. Ltd. Class A (XSHG) | 217,500 | 204 | |
Lucky Film Co. Class A (XSSC) | 219,191 | 204 | |
* | Guangdong Sky Dragon Printing Ink Group Co. Ltd. Class A | 269,170 | 204 |
Hang Zhou Great Star Industrial Co. Ltd. Class A (XSEC) | 147,900 | 203 | |
Luolai Lifestyle Technology Co. Ltd. Class A (XSEC) | 159,604 | 203 | |
* | Sichuan Xun You Network Technology Co. Ltd. Class A (XSEC) | 97,194 | 202 |
Shanghai Yimin Commerce Group Co. Ltd. Class A (XSHG) | 457,500 | 202 | |
Oceanwide Holdings Co. Ltd. Class A (XSEC) | 411,900 | 202 | |
Shanghai Dazhong Public Utilities Group Co. Ltd. Class A (XSSC) | 333,600 | 201 | |
Beijing Haohua Energy Resource Co. Ltd. Class A (XSSC) | 386,714 | 201 | |
Yunda Holding Co. Ltd. Class A (XSEC) | 48,093 | 200 | |
Tibet Summit Resources Co. Ltd. Class A (XSSC) | 186,832 | 200 | |
* | Suzhou Chunxing Precision Mechanical Co. Ltd. Class A (XSEC) | 194,300 | 200 |
Shanghai Jinjiang International Industrial Investment Co. Ltd. Class A (XSHG) | 161,800 | 199 | |
COSCO SHIPPING Development Co. Ltd. Class A (XSSC) | 730,576 | 199 | |
* | Jinzhou Cihang Group Co. Ltd. Class A | 1,189,728 | 198 |
Changchai Co. Ltd. Class B | 844,088 | 198 | |
* | Shandong Publishing & Media Co. Ltd. Class A (XSSC) | 223,000 | 198 |
Wenfeng Great World Chain Development Corp. Class A (XSHG) | 460,200 | 197 | |
China Greatwall Technology Group Co. Ltd. Class A (XSEC) | 119,000 | 197 | |
Deluxe Family Co. Ltd. Class A (XSSC) | 437,436 | 197 | |
Changshu Fengfan Power Equipment Co. Ltd. Class A (XSHG) | 263,500 | 196 | |
Avic Heavy Machinery Co. Ltd. Class A (XSHG) | 147,200 | 196 | |
China Coal Energy Co. Ltd. Class A (XSHG) | 361,900 | 195 | |
Tian Di Science & Technology Co. Ltd. Class A (XSHG) | 456,100 | 195 | |
Time Publishing and Media Co. Ltd. Class A (XSHG) | 187,800 | 194 | |
Chongqing Dima Industry Co. Ltd. Class A (XSSC) | 472,907 | 192 | |
* | Gree Real Estate Co. Ltd. Class A (XSHG) | 271,320 | 191 |
* | Jack Sewing Machine Co. Ltd. Class A (XSSC) | 75,748 | 191 |
* | Zhe Jiang Kangsheng Co. Ltd. Class A (XSHE) | 688,800 | 189 |
Shenzhen Prolto Supply Chain Management Co. Ltd. Class A | 193,329 | 189 | |
Yabao Pharmaceutical Group Co. Ltd. Class A (XSHG) | 270,400 | 189 | |
Zhuzhou Qianjin Pharmaceutical Co. Ltd. Class A (XSHG) | 153,960 | 188 | |
Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A (XSHG) | 98,300 | 188 | |
Aerospace Communications Holding Group Co. Ltd. Class A | 442,419 | 188 | |
* | Zhejiang Talent Television & Film Co. Ltd. Class A | 271,176 | 187 |
50 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Mianyang Fulin Precision Machining Co. Ltd. Class A | 120,000 | 187 |
Orient International Enterprise Ltd. Class A (XSSC) | 151,830 | 187 | |
Lingyun Industrial Corp. Ltd. Class A (XSHG) | 127,660 | 185 | |
Camel Group Co. Ltd. Class A (XSHG) | 146,600 | 185 | |
Zhejiang Crystal-Optech Co. Ltd. Class A (XSEC) | 89,998 | 185 | |
Guangdong Anjubao Digital Technology Co. Ltd. Class A | 220,636 | 185 | |
* | Advanced Technology & Materials Co. Ltd. Class A (XSEC) | 238,200 | 184 |
* | Zhejiang Jingu Co. Ltd. Class A (XSEC) | 214,640 | 184 |
* | Ledman Optoelectronic Co. Ltd. Class A | 188,800 | 183 |
COSCO SHIPPING Energy Transportation Co. Ltd. Class A (XSHG) | 153,200 | 183 | |
Suning Universal Co. Ltd. Class A (XSEC) | 390,069 | 183 | |
* | Guizhou Yibai Pharmaceutical Co. Ltd. Class A (XSSC) | 237,100 | 182 |
Ningbo Yunsheng Co. Ltd. Class A (XSHG) | 232,740 | 182 | |
* | Tempus Global Business Service Holding Ltd. Class A (XSHE) | 421,861 | 181 |
* | Dasheng Times Cultural Investment Co. Ltd. Class A | 464,000 | 181 |
1 | Fuyao Glass Industry Group Co. Ltd. Class H | 82,952 | 181 |
Shanghai SK Petroleum & Chemical Equipment Corp. Ltd. Class A | 253,600 | 181 | |
Huaxi Securities Co. Ltd. Class A (XSEC) | 127,200 | 181 | |
Xinjiang Tianfu Energy Co. Ltd. Class A (XSHG) | 425,800 | 180 | |
* | Shandong Meichen Ecology & Environment Co. Ltd. Class A (XSEC) | 584,000 | 180 |
Jinxi Axle Co. Ltd. Class A (XSHG) | 321,000 | 180 | |
* | Top Resource Conservation & Environment Corp. Class A (XSHE) | 268,900 | 180 |
* | Chang Jiang Shipping Group Phoenix Co. Ltd. Class A | 341,600 | 178 |
* | Xinfengming Group Co. Ltd. Class A (XSSC) | 120,855 | 177 |
Xinjiang Guannong Fruit & Antler Group Co. Ltd. Class A (XSHG) | 203,200 | 177 | |
* | Nanjing Central Emporium Class A (XSSC) | 693,445 | 177 |
Shuangliang Eco-Energy Systems Co. Ltd. Class A (XSHG) | 412,005 | 175 | |
* | CPT Technology Group Co. Ltd. Class A (XSEC) | 810,600 | 175 |
* | Lifan Industry Group Co. Ltd. Class A (XSSC) | 388,900 | 174 |
* | Shenzhen Rapoo Technology Co. Ltd. Class A | 120,590 | 173 |
Guangzhou Baiyun International Airport Co. Ltd. Class A (XSSC) | 77,521 | 172 | |
* | JiuGui Liquor Co. Ltd. Class A (XSEC) | 38,100 | 171 |
YTO Express Group Co. Ltd. Class A (XSSC) | 96,400 | 171 | |
BBMG Corp. Class A (XSHG) | 377,414 | 171 | |
Jizhong Energy Resources Co. Ltd. Class A (XSEC) | 402,000 | 171 | |
Shanghai Xinhua Media Co. Ltd. Class A (XSHG) | 226,400 | 171 | |
Zheshang Securities Co. Ltd. Class A (XSSC) | 125,300 | 171 | |
* | Zotye Automobile Co. Ltd. Class A | 595,200 | 171 |
Keda Group Co. Ltd. Class A (XSSC) | 315,140 | 171 | |
FIYTA Precision Technology Co. Ltd. Class B | 241,375 | 170 | |
* | Jiangsu SINOJIT Wind Energy Technology Co. Ltd. Class A (XSHG) | 441,600 | 170 |
* | Taiyuan Heavy Industry Co. Ltd. Class A (XSHG) | 613,100 | 169 |
Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. Class A (XSHG) | 357,950 | 169 | |
* | Shanghai Hongda Mining Co. Ltd. Class A (XSHG) | 250,782 | 169 |
* | Ningbo Joyson Electronic Corp. Class A (XSSC) | 58,940 | 166 |
* | Linzhou Heavy Machinery Group Co. Ltd. Class A | 695,460 | 165 |
* | Jiangxi Special Electric Motor Co. Ltd. Class A (XSHE) | 704,500 | 165 |
Shanghai Jiao Yun Co. Ltd. Class A (XSHG) | 293,500 | 164 | |
Inspur Software Co. Ltd. Class A (XSHG) | 64,900 | 164 | |
Hangzhou Jiebai Group Co. Ltd. Class A (XSHG) | 243,100 | 163 | |
Haier Smart Home Co. Ltd. Class A (XSHG) | 75,300 | 163 | |
Accelink Technologies Co. Ltd. Class A (XSEC) | 38,800 | 161 | |
Bright Real Estate Group Co. Ltd. Class A (XSHG) | 388,531 | 161 | |
* | 5I5J Holding Group Co. Ltd. Class A (XSEC) | 332,977 | 160 |
Chengtun Mining Group Co. Ltd. Class A (XSHG) | 286,400 | 158 | |
* | Hunan Valin Steel Co. Ltd. Class A (XSEC) | 277,700 | 156 |
Caitong Securities Co. Ltd. Class A (XSSC) | 117,000 | 155 | |
* | Beijing eGOVA Co. Ltd. | 88,441 | 155 |
Anhui Xinhua Media Co. Ltd. Class A (XSHG) | 227,560 | 155 | |
* | Gem-Year Industrial Co. Ltd. Class A (XSHG) | 196,000 | 155 |
CCS Supply Chain Management Co. Ltd. Class A (XSHG) | 188,300 | 154 | |
Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A (XSHG) | 136,600 | 154 | |
* | Zhongshan Broad Ocean Motor Co. Ltd. Class A (XSEC) | 304,400 | 154 |
* | Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A (XSEC) | 241,300 | 153 |
51 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Shanghai Lansheng Corp. Class A (XSHG) | 110,800 | 152 | |
Sichuan Expressway Co. Ltd. Class A (XSHG) | 284,100 | 149 | |
Guangzhou Pearl River Industrial Development Co. Ltd. Class A (XSHG) | 342,120 | 149 | |
Beijing Haohua Energy Resource Co. Ltd. Class A (XSHG) | 286,200 | 149 | |
* | First Tractor Co. Ltd. Class H | 677,706 | 148 |
* | Zhejiang Juli Culture Development Co. Ltd. | 587,836 | 148 |
Guangdong Ellington Electronics Technology Co. Ltd. Class A (XSHG) | 101,000 | 146 | |
Yanzhou Coal Mining Co. Ltd. Class A (XSHG) | 123,865 | 145 | |
Wolong Real Estate Group Co. Ltd. Class A (XSHG) | 220,900 | 144 | |
* | AECC Aero Science and Technology Co. Ltd. Class A (XSHG) | 59,100 | 143 |
Huayuan Property Co. Ltd. Class A (XSHG) | 440,570 | 143 | |
Shaanxi Aerospace Power Hi-Tech Co. Ltd. Class A (XSHG) | 126,100 | 142 | |
Hengdian Group DMEGC Magnetics Co. Ltd. Class A (XSEC) | 98,300 | 141 | |
* | Beijing Forever Technology Co. Ltd. Class A (XSEC) | 91,800 | 140 |
Realcan Pharmaceutical Group Co. Ltd. Class A (XSEC) | 193,200 | 140 | |
Guangzhou Automobile Group Co. Ltd. Class A (XSHG) | 100,920 | 139 | |
* | Shanghai Feilo Acoustics Co. Ltd. Class A (XSHG) | 301,800 | 139 |
* | Kuang-Chi Technologies Co. Ltd. Class A (XSEC) | 125,400 | 139 |
Nanjing Panda Electronics Co. Ltd. Class A (XSHG) | 124,000 | 139 | |
Zhejiang Weiming Environment Protection Co. Ltd. Class A (XSSC) | 32,800 | 138 | |
China Railway Tielong Container Logistics Co. Ltd. Class A (XSSC) | 189,300 | 138 | |
* | Guizhou Yibai Pharmaceutical Co. Ltd. Class A (XSHG) | 178,600 | 137 |
* | Kunshan Kersen Science & Technology Co. Ltd. Class A (XSSC) | 87,900 | 136 |
Baosheng Science and Technology Innovation Co. Ltd. Class A (XSHG) | 226,569 | 135 | |
Shanghai Shenda Co. Ltd. Class A (XSHG) | 195,100 | 134 | |
Shanghai New Culture Media Group Co. Ltd. Class A | 209,900 | 133 | |
* | Shantou Dongfeng Printing Co. Ltd. Class A (XSHG) | 154,800 | 132 |
* | Jinhong Holding Group Co. Ltd. Class A | 521,325 | 132 |
Shanghai Zijiang Enterprise Group Co. Ltd. Class A (XSHG) | 217,600 | 132 | |
* | Alpha Group Class A (XSEC) | 146,900 | 131 |
Beijing BDStar Navigation Co. Ltd. Class A (XSEC) | 30,500 | 130 | |
* | Qingdao Kingking Applied Chemistry Co. Ltd. Class A | 239,870 | 130 |
* | Easysight Supply Chain Management Co. Ltd. Class A (XSSC) | 73,100 | 129 |
Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A (XSEC) | 143,800 | 129 | |
Zhejiang Wanliyang Co. Ltd. Class A (XSEC) | 101,600 | 128 | |
* | Topchoice Medical Investment Corp. Class A (XSSC) | 7,395 | 127 |
Jiangsu Jiangnan High Polymer Fiber Co. Ltd. Class A (XSHG) | 251,850 | 127 | |
Ningxia Younglight Chemicals Co. Ltd. Class A | 131,734 | 127 | |
Shanghai Mechanical and Electrical Industry Co. Ltd. Class A (XSSC) | 60,430 | 126 | |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A (XSHG) | 76,464 | 126 | |
Zhejiang Semir Garment Co. Ltd. Class A (XSEC) | 125,100 | 126 | |
Yihua Lifestyle Technology Co. Ltd. Class A | 526,699 | 126 | |
TangShan Port Group Co. Ltd. Class A (XSHG) | 391,248 | 126 | |
* | Shanghai Feilo Acoustics Co. Ltd. Class A (XSSC) | 270,600 | 124 |
Jiangsu Chengxing Phosph-Chemicals Co. Ltd. Class A | 188,033 | 124 | |
* | Gansu Mogao Industrial Development Co. Ltd. Class A | 174,820 | 124 |
Shenzhen Heungkong Holding Co. Ltd. Class A (XSHG) | 454,350 | 123 | |
Dongfeng Electronic Technology Co. Ltd. Class A (XSHG) | 86,000 | 122 | |
Tempus Global Business Service Holding Ltd. Class A (XSEC) | 281,100 | 121 | |
HY Energy Group Co. Ltd. Class A (XSHG) | 112,600 | 120 | |
Venustech Group Inc. Class A (XSEC) | 20,700 | 119 | |
Zhejiang NetSun Co. Ltd. Class A (XSEC) | 45,000 | 119 | |
Jiangsu High Hope International Group Corp. Class A (XSSC) | 252,100 | 116 | |
Hangzhou Sunyard System Engineering Co. Ltd. Class A (XSHG) | 91,600 | 116 | |
* | Shunfa Hengye Corp. Class A (XSEC) | 271,120 | 115 |
Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A (XSHG) | 93,600 | 114 | |
Shanghai Cooltech Power Co. Ltd. Class A | 157,500 | 113 | |
* | Guangzhou Great Power Energy & Technology Co. Ltd. Class A (XSHE) | 39,600 | 113 |
* | Jiangsu Yueda Investment Co. Ltd. Class A (XSHG) | 202,800 | 113 |
* | Shaanxi J&R Optimum Energy Co. Ltd. Class A (XSEC) | 464,186 | 112 |
Lucky Film Co. Class A (XSHG) | 120,000 | 112 | |
Chongyi Zhangyuan Tungsten Co. Ltd. Class A | 201,600 | 111 | |
* | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A (XSEC) | 174,700 | 111 |
* | Guangdong Silver Age Sci & Tech Co. Ltd. Class A | 165,995 | 109 |
52 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | China Reform Health Management and Services Group Co. Ltd. Class A (XSEC) | 70,600 | 109 |
* | Zhangjiagang Furui Special Equipment Co. Ltd. | 189,900 | 108 |
EGing Photovoltaic Technology Co. Ltd. Class A (XSHG) | 271,800 | 108 | |
Beijing Bashi Media Co. Ltd. Class A (XSHG) | 200,236 | 108 | |
* | Aerosun Corp. Class A (XSHG) | 90,800 | 107 |
* | Harbin Hatou Investment Co. Ltd. Class A (XSHG) | 120,600 | 106 |
ZJBC Information Technology Co. Ltd. Class A (XSEC) | 73,700 | 105 | |
* | Henan Huanghe Whirlwind Co. Ltd. Class A (XSHG) | 230,400 | 105 |
* | Changzheng Engineering Co. Ltd. Class A (XSHG) | 69,030 | 105 |
Shandong Jinjing Science & Technology Co. Ltd. Class A (XSHG) | 275,100 | 104 | |
* | TianGuang ZhongMao Co. Ltd. Class A (XSEC) | 803,200 | 104 |
Maoye International Holdings Ltd. | 2,237,290 | 103 | |
Beijing Jingneng Power Co. Ltd. Class A (XSHG) | 252,800 | 103 | |
CGN Nuclear Technology Development Co. Ltd. Class A (XSEC) | 108,598 | 99 | |
* | Hainan Mining Co. Ltd. Class A (XSSC) | 153,262 | 99 |
* | Shenzhen New Nanshan Holding Group Co. Ltd. Class A (XSEC) | 259,700 | 98 |
* | Sichuan Shuangma Cement Co. Ltd. Class A (XSEC) | 50,300 | 97 |
Shenzhen Neptunus Bioengineering Co. Ltd. Class A (XSEC) | 161,712 | 95 | |
* | Minmetals Development Co. Ltd. Class A (XSSC) | 104,800 | 95 |
Beijing North Star Co. Ltd. Class A (XSHG) | 247,700 | 95 | |
Henan Rebecca Hair Products Co. Ltd. Class A (XSHG) | 247,320 | 94 | |
Xinjiang Goldwind Science & Technology Co. Ltd. Class A (XSEC) | 65,897 | 93 | |
§ | Shanghai Qiangsheng Holding Co. Ltd. Class A (XSSC) | 168,000 | 91 |
* | Nanjing Central Emporium Class A (XSHG) | 358,100 | 91 |
* | Liuzhou Liangmianzhen Co. Ltd. Class A | 149,993 | 89 |
* | Baofeng Group Co. Ltd. Class A (XSHE) | 315,200 | 89 |
* | Suzhou Victory Precision Manufacture Co. Ltd. Class A (XSEC) | 287,500 | 88 |
*,§ | Zhonghong Holding Co. Ltd. Class A | 2,799,945 | 87 |
Hytera Communications Corp. Ltd. Class A (XSEC) | 93,300 | 86 | |
* | Huaren Pharmaceutical Co. Ltd. | 146,800 | 84 |
* | BeiGene Ltd. ADR | 548 | 84 |
* | Beijing HualuBaina Film & TV Co. Ltd. Class A (XSEC) | 124,000 | 84 |
* | Gansu Jiu Steel Group Hongxing Iron & Steel Co. Ltd. Class A (XSSC) | 348,000 | 83 |
* | Lanzhou LS Heavy Equipment Co. Ltd. Class A (XSHG) | 129,885 | 83 |
Sichuan EM Technology Co. Ltd. Class A (XSSC) | 97,800 | 81 | |
* | Guirenniao Co. Ltd. Class A (XSSC) | 191,699 | 80 |
* | Shenwu Environmental Technology Co. Ltd. Class A | 616,265 | 80 |
Dalian Huarui Heavy Industry Group Co. Ltd. Class A (XSEC) | 143,800 | 80 | |
* | Xiwang Foodstuffs Co. Ltd. Class A (XSEC) | 106,164 | 79 |
* | Blue Sail Medical Co. Ltd. Class A (XSEC) | 34,864 | 79 |
Sunny Loan Top Co. Ltd. Class A (XSHG) | 94,700 | 79 | |
Kailuan Energy Chemical Co. Ltd. Class A (XSSC) | 121,600 | 78 | |
Huatai Securities Co. Ltd. Class A (XSHG) | 28,800 | 73 | |
* | HPGC Renmintongtai Pharmaceutical Corp. Class A (XSSC) | 69,000 | 73 |
CECEP Wind-Power Corp. Class A (XSHG) | 225,800 | 71 | |
* | Huayi Electric Co. Ltd. Class A (XSHG) | 364,092 | 71 |
Tongding Interconnection Information Co. Ltd. Class A (XSEC) | 92,600 | 70 | |
* | Jiangxi Special Electric Motor Co. Ltd. Class A (XSEC) | 298,700 | 70 |
* | Hunan Er-Kang Pharmaceutical Co. Ltd. | 120,000 | 69 |
Shanghai Huayi Group Co. Ltd. Class A (XSSC) | 92,600 | 68 | |
Shenzhen Wongtee International Enterprise Co. Ltd. Class B | 355,100 | 68 | |
* | China Calxon Group Co. Ltd. Class A (XSEC) | 109,448 | 68 |
* | Lingyuan Iron & Steel Co. Ltd. Class A (XSSC) | 218,478 | 67 |
* | Huabao Flavours & Fragrances Co. Ltd. Class A (XSEC) | 16,321 | 67 |
COSCO SHIPPING Development Co. Ltd. Class A (XSHG) | 242,900 | 66 | |
* | Datong Coal Industry Co. Ltd. Class A (XSSC) | 125,300 | 65 |
Guangdong Shirongzhaoye Co. Ltd. Class A (XSEC) | 70,056 | 65 | |
* | Xinhuanet Co. Ltd. Class A (XSSC) | 17,800 | 63 |
Yang Quan Coal Industry Group Co. Ltd. Class A (XSSC) | 100,700 | 63 | |
Anhui Hengyuan Coal Industry and Electricity Power Co. Ltd. Class A (XSSC) | 89,400 | 62 | |
ENN Ecological Holdings Co. Ltd. Class A (XSSC) | 47,823 | 61 | |
Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A (XSEC) | 53,700 | 61 | |
Anhui Kouzi Distillery Co. Ltd. Class A (XSHG) | 10,400 | 60 | |
* | Meidu Energy Corp. Class A (XSHG) | 496,400 | 60 |
53 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Eastern Communications Co. Ltd. Class B | 122,300 | 58 | |
* | Huayi Electric Co. Ltd. Class A (XSSC) | 293,437 | 57 |
* | Henan Yuguang Gold & Lead Co. Ltd. Class A (XSSC) | 94,100 | 51 |
Inzone Group Co. Ltd. Class A (XSSC) | 78,132 | 51 | |
Changhong Meiling Co. Ltd. Class B | 231,154 | 50 | |
Hainan Ruize New Building Material Co. Ltd. Class A (XSEC) | 50,600 | 49 | |
Hangzhou Robam Appliances Co. Ltd. Class A (XSEC) | 10,900 | 49 | |
SPIC Yuanda Environmental-Protection Co. Ltd. Class A (XSSC) | 68,861 | 47 | |
* | Shanghai Xin Nanyang Only Education & Technology Co. Ltd. Class A (XSSC) | 19,087 | 42 |
* | Jiangsu Wuzhong Industrial Co. Class A (XSHG) | 45,400 | 42 |
* | EverChina International Holdings Co. Ltd. | 1,558,420 | 40 |
China International Marine Containers Group Co. Ltd. Class A | 36,240 | 38 | |
* | Shenzhen Tellus Holding Co. Ltd. Class A (XSEC) | 13,997 | 35 |
* | Guirenniao Co. Ltd. Class A (XSHG) | 81,674 | 34 |
*,§ | Real Nutriceutical Group Ltd. | 1,315,000 | 34 |
* | Baofeng Group Co. Ltd. Class A (XSEC) | 120,363 | 34 |
* | V1 Group Ltd. | 1,809,881 | 32 |
* | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSSC) | 67,400 | 29 |
Zhonglu Co. Ltd. Class A (XSHG) | 19,300 | 29 | |
* | Capital Environment Holdings Ltd. | 1,951,368 | 28 |
* | Guangzhou Holike Creative Home Co. Ltd. Class A (XSSC) | 14,800 | 28 |
* | Shanghai Hongda Mining Co. Ltd. Class A (XSSC) | 27,800 | 19 |
* | DIT Group Ltd. | 1,391,563 | 19 |
Shanghai Fudan Forward S & T Co. Ltd. Class A (XSSC) | 10,910 | 13 | |
* | SRE Group Ltd. | 2,945,157 | 11 |
China Hi-Tech Group Co. Class A (XSSC) | 16,500 | 10 | |
* | Goldenmax International Technology Ltd. Class A (XSEC) | 6,800 | 8 |
Transfar Zhilian Co. Ltd. Class A (XSEC) | 600 | 1 | |
*,^,§ | China Huishan Dairy Holdings | 70,679,103 | — |
*,^,§ | Midas Holdings Ltd. | 202,000 | — |
31,275,153 | |||
Colombia (0.3%) | |||
Bancolombia SA ADR | 1,685,904 | 44,002 | |
Interconexion Electrica SA ESP | 6,164,460 | 28,339 | |
Ecopetrol SA | 39,691,902 | 20,954 | |
Grupo de Inversiones Suramericana SA | 3,313,356 | 18,010 | |
Ecopetrol SA ADR | 1,400,338 | 14,634 | |
Bancolombia SA | 2,100,860 | 13,436 | |
Bancolombia SA Preference Shares | 1,634,187 | 10,683 | |
Grupo Energia Bogota SA ESP | 18,551,042 | 10,496 | |
Grupo Aval Acciones y Valores Preference Shares | 46,319,654 | 9,886 | |
Grupo Argos SA | 3,929,281 | 9,151 | |
* | Corp Financiera Colombiana SA | 1,352,088 | 8,811 |
Banco Davivienda SA Preference Shares | 1,211,025 | 8,785 | |
Grupo de Inversiones Suramericana SA Preference Shares | 1,710,730 | 8,158 | |
Cementos Argos SA | 8,000,000 | 7,871 | |
Grupo Aval Acciones y Valores SA ADR | 822,679 | 3,455 | |
* | CEMEX Latam Holdings SA | 2,391,852 | 1,088 |
217,759 | |||
Czech Republic (0.1%) | |||
Cez AS | 2,266,491 | 42,137 | |
* | Komercni banka AS | 1,074,635 | 22,755 |
1 | Moneta Money Bank AS | 7,314,083 | 15,195 |
O2 Czech Republic AS | 447,413 | 3,919 | |
* | Philip Morris CR AS | 6,707 | 3,829 |
87,835 | |||
Egypt (0.2%) | |||
Commercial International Bank Egypt SAE | 19,076,285 | 77,546 | |
Eastern Co. SAE | 12,836,393 | 9,878 | |
* | Egypt Kuwait Holding Co. SAE | 8,061,116 | 8,055 |
Egyptian Financial Group-Hermes Holding Co. | 10,253,549 | 7,337 | |
ElSewedy Electric Co. | 10,383,168 | 5,859 |
54 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Talaat Moustafa Group | 15,243,245 | 5,483 | |
Telecom Egypt Co. | 5,842,749 | 4,005 | |
Orascom Construction plc | 742,891 | 3,377 | |
Medinet Nasr Housing | 11,706,297 | 2,279 | |
Six of October Development & Investment | 3,326,445 | 2,217 | |
* | Palm Hills Developments SAE | 26,185,912 | 2,138 |
Heliopolis Housing | 7,015,260 | 2,116 | |
* | Pioneers Holding for Financial Investments SAE | 6,728,617 | 1,607 |
* | Ezz Steel Co. SAE | 3,229,029 | 1,487 |
* | Oriental Weavers | 3,836,011 | 1,329 |
Alexandria Mineral Oils Co. | 7,445,166 | 1,233 | |
135,946 | |||
Greece (0.3%) | |||
Hellenic Telecommunications Organization SA | 3,453,289 | 45,623 | |
Opap SA | 2,714,446 | 24,314 | |
Jumbo SA | 1,496,643 | 23,422 | |
* | Eurobank Ergasias Services and Holdings SA | 37,203,292 | 15,028 |
* | Alpha Bank AE | 19,478,579 | 14,224 |
Motor Oil Hellas Corinth Refineries SA | 831,387 | 12,319 | |
Mytilineos SA | 1,577,099 | 11,760 | |
* | National Bank of Greece SA | 7,915,997 | 10,735 |
* | GEK Terna Holding Real Estate Construction SA | 1,142,578 | 7,294 |
* | Piraeus Bank SA | 4,174,299 | 5,572 |
Hellenic Petroleum SA | 835,616 | 5,550 | |
* | Public Power Corp. SA | 1,672,591 | 4,860 |
* | LAMDA Development SA | 685,620 | 4,507 |
Hellenic Exchanges SA | 1,107,708 | 4,129 | |
Holding Co. ADMIE IPTO SA | 1,746,529 | 3,918 | |
Terna Energy SA | 384,311 | 3,589 | |
Aegean Airlines SA | 468,846 | 3,028 | |
Sarantis SA | 347,818 | 2,979 | |
*,§ | FF Group | 496,942 | 2,614 |
Fourlis Holdings SA | 632,941 | 2,479 | |
* | Ellaktor SA | 2,143,602 | 2,095 |
* | Viohalco SA | 533,253 | 1,370 |
Piraeus Port Authority SA | 13,180 | 247 | |
211,656 | |||
Hong Kong (0.0%) | |||
*,^,§ | National Agricultural Holdings Ltd. | 13,680,292 | 2,100 |
*,§ | Tech Pro Technology Development Ltd. | 122,060,000 | 1,071 |
*,§ | Legend Holdings Corp. Rights | 474,839 | — |
3,171 | |||
Hungary (0.3%) | |||
OTP Bank Nyrt | 3,251,514 | 96,297 | |
Richter Gedeon Nyrt | 1,985,908 | 42,436 | |
MOL Hungarian Oil & Gas plc | 6,137,741 | 38,857 | |
Magyar Telekom Telecommunications plc | 5,613,902 | 6,980 | |
*,^ | Opus Global Nyrt | 2,930,750 | 2,412 |
186,982 | |||
India (9.6%) | |||
Reliance Industries Ltd. | 44,060,938 | 856,678 | |
Housing Development Finance Corp. Ltd. | 24,489,513 | 619,457 | |
Infosys Ltd. | 52,503,369 | 490,756 | |
Tata Consultancy Services Ltd. | 12,781,431 | 338,354 | |
Hindustan Unilever Ltd. | 10,680,631 | 309,263 | |
* | Bharti Airtel Ltd. | 24,798,217 | 168,879 |
Axis Bank Ltd. | 27,904,142 | 163,029 | |
Maruti Suzuki India Ltd. | 1,718,390 | 121,991 | |
HCL Technologies Ltd. | 15,439,626 | 110,731 | |
ITC Ltd. | 41,763,186 | 100,615 | |
Asian Paints Ltd. | 4,109,170 | 95,880 | |
Sun Pharmaceutical Industries Ltd. | 15,622,898 | 95,283 | |
Bajaj Finance Ltd. | 2,575,181 | 78,738 |
55 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Nestle India Ltd. | 330,540 | 78,404 | |
UltraTech Cement Ltd. | 1,540,434 | 71,707 | |
Bharat Petroleum Corp. Ltd. | 14,209,998 | 69,520 | |
*,1 | HDFC Life Insurance Co. Ltd. | 8,639,161 | 57,212 |
Titan Co. Ltd. | 4,472,621 | 57,198 | |
Larsen & Toubro Ltd. | 4,814,796 | 57,095 | |
*,1 | Avenue Supermarts Ltd. | 1,746,554 | 54,742 |
*,1 | SBI Life Insurance Co. Ltd. | 5,362,137 | 51,543 |
Dabur India Ltd. | 7,645,137 | 49,459 | |
Tech Mahindra Ltd. | 6,640,424 | 47,759 | |
Power Grid Corp. of India Ltd. | 22,144,492 | 47,463 | |
ICICI Bank Ltd. | 9,134,106 | 45,824 | |
Oil & Natural Gas Corp. Ltd. | 42,612,538 | 45,093 | |
1 | ICICI Lombard General Insurance Co. Ltd. | 2,620,011 | 44,787 |
* | State Bank of India | 17,504,737 | 43,807 |
Bajaj Auto Ltd. | 1,256,759 | 43,704 | |
NTPC Ltd. | 34,014,045 | 42,613 | |
UPL Ltd. | 7,674,778 | 42,470 | |
Mahindra & Mahindra Ltd. | 8,401,968 | 40,536 | |
Hero MotoCorp Ltd. | 1,406,762 | 40,126 | |
Coal India Ltd. | 20,496,005 | 40,078 | |
JSW Steel Ltd. | 16,866,514 | 39,836 | |
Godrej Consumer Products Ltd. | 5,305,138 | 38,071 | |
Adani Ports & Special Economic Zone Ltd. | 9,878,269 | 37,928 | |
Eicher Motors Ltd. | 191,755 | 37,236 | |
Bajaj Finserv Ltd. | 544,270 | 36,640 | |
Cipla Ltd. | 4,612,432 | 35,897 | |
Pidilite Industries Ltd. | 1,767,225 | 35,627 | |
Divi's Laboratories Ltd. | 1,147,438 | 35,381 | |
Lupin Ltd. | 3,185,241 | 35,126 | |
Britannia Industries Ltd. | 821,550 | 34,380 | |
Wipro Ltd. | 13,237,681 | 33,608 | |
Indian Oil Corp. Ltd. | 29,818,826 | 33,243 | |
Dr Reddy's Laboratories Ltd. | 625,224 | 32,385 | |
Shree Cement Ltd. | 123,590 | 32,268 | |
Aurobindo Pharma Ltd. | 3,812,182 | 31,180 | |
Grasim Industries Ltd. | 4,613,236 | 30,620 | |
* | United Spirits Ltd. | 4,291,566 | 30,545 |
Info Edge India Ltd. | 886,165 | 29,761 | |
1 | Bandhan Bank Ltd. | 8,269,955 | 28,380 |
Bharti Infratel Ltd. | 12,212,605 | 28,255 | |
Vedanta Ltd. | 23,727,212 | 27,658 | |
Dr Reddy's Laboratories Ltd. ADR | 537,709 | 27,525 | |
Zee Entertainment Enterprises Ltd. | 12,691,478 | 26,599 | |
Hindustan Petroleum Corp. Ltd. | 8,707,516 | 25,413 | |
Havells India Ltd. | 3,405,466 | 25,381 | |
Ambuja Cements Ltd. | 11,205,928 | 25,377 | |
Shriram Transport Finance Co. Ltd. | 2,432,630 | 24,953 | |
Marico Ltd. | 6,506,194 | 24,714 | |
Apollo Hospitals Enterprise Ltd. | 1,342,472 | 24,705 | |
Petronet LNG Ltd. | 7,513,305 | 24,205 | |
1 | ICICI Prudential Life Insurance Co. Ltd. | 4,431,697 | 24,166 |
Mindtree Ltd. | 1,909,628 | 23,118 | |
Berger Paints India Ltd. | 3,437,152 | 23,113 | |
Jubilant Foodworks Ltd. | 1,050,787 | 22,542 | |
Hindalco Industries Ltd. | 12,843,902 | 21,785 | |
Alkem Laboratories Ltd. | 591,249 | 20,335 | |
Wipro Ltd. ADR | 6,059,125 | 19,935 | |
GAIL India Ltd. | 15,590,147 | 19,727 | |
Piramal Enterprises Ltd. | 1,485,574 | 19,093 | |
Siemens Ltd. | 1,261,535 | 19,031 | |
Biocon Ltd. | 4,016,105 | 18,742 | |
* | State Bank of India GDR | 745,316 | 18,670 |
Torrent Pharmaceuticals Ltd. | 599,096 | 18,609 |
56 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Colgate-Palmolive India Ltd. | 950,189 | 18,341 | |
* | Tata Motors Ltd. | 14,866,662 | 18,001 |
Crompton Greaves Consumer Electricals Ltd. | 6,121,132 | 17,987 | |
1 | InterGlobe Aviation Ltd. | 1,360,708 | 17,847 |
1 | HDFC Asset Management Co. Ltd. | 509,588 | 17,058 |
Page Industries Ltd. | 70,729 | 17,042 | |
PI Industries Ltd. | 802,846 | 16,835 | |
Muthoot Finance Ltd. | 1,466,588 | 16,813 | |
Rajesh Exports Ltd. | 1,990,988 | 16,373 | |
DLF Ltd. | 8,444,370 | 16,187 | |
Motherson Sumi Systems Ltd. | 13,434,271 | 15,480 | |
Cadila Healthcare Ltd. | 3,562,791 | 15,292 | |
* | Tata Consumer Products Ltd. | 3,280,251 | 15,284 |
1 | AU Small Finance Bank Ltd. | 2,111,863 | 15,144 |
Tata Steel Ltd. | 3,844,560 | 14,930 | |
Container Corp. Of India Ltd. | 2,853,162 | 14,116 | |
Bosch Ltd. | 98,919 | 13,816 | |
Ipca Laboratories Ltd. | 635,449 | 13,548 | |
LIC Housing Finance Ltd. | 3,540,136 | 13,243 | |
Federal Bank Ltd. | 20,421,833 | 13,168 | |
Whirlpool of India Ltd. | 466,575 | 12,695 | |
REC Ltd. | 9,715,126 | 12,258 | |
* | Fortis Healthcare Ltd. | 7,252,338 | 12,128 |
United Breweries Ltd. | 963,565 | 12,008 | |
Indraprastha Gas Ltd. | 1,864,400 | 11,810 | |
MRF Ltd. | 14,662 | 11,798 | |
Castrol India Ltd. | 6,874,296 | 11,794 | |
* | Max Financial Services Ltd. | 1,888,978 | 11,738 |
Power Finance Corp. Ltd. | 9,153,090 | 11,556 | |
Ashok Leyland Ltd. | 16,630,209 | 11,430 | |
AIA Engineering Ltd. | 531,057 | 11,302 | |
NMDC Ltd. | 10,636,357 | 11,277 | |
Bharat Forge Ltd. | 2,649,843 | 10,802 | |
Embassy Office Parks REIT | 2,184,600 | 10,723 | |
Mphasis Ltd. | 1,082,481 | 10,519 | |
Bajaj Holdings & Investment Ltd. | 388,358 | 10,463 | |
1 | Dr Lal PathLabs Ltd. | 493,241 | 10,257 |
Natco Pharma Ltd. | 1,269,338 | 10,229 | |
ACC Ltd. | 654,607 | 10,183 | |
Kansai Nerolac Paints Ltd. | 1,853,237 | 10,172 | |
Pfizer Ltd. | 153,836 | 9,984 | |
Voltas Ltd. | 1,475,594 | 9,888 | |
NHPC Ltd. | 35,627,412 | 9,798 | |
* | IDFC Bank | 33,131,820 | 9,536 |
* | Oracle Financial Services Software Ltd. | 300,690 | 9,362 |
* | Adani Transmission Ltd. | 3,387,618 | 9,222 |
Mahindra & Mahindra Financial Services Ltd. | 4,227,750 | 9,206 | |
SRF Ltd. | 181,980 | 8,940 | |
* | ABB India Ltd. | 745,736 | 8,915 |
Glenmark Pharmaceuticals Ltd. | 2,008,746 | 8,879 | |
CESC Ltd. | 1,000,792 | 8,677 | |
Gillette India Ltd. | 120,974 | 8,558 | |
Aarti Industries Ltd. | 586,498 | 8,521 | |
1 | Larsen & Toubro Infotech Ltd. | 406,049 | 8,512 |
Bharat Electronics Ltd. | 8,737,426 | 8,366 | |
Varun Beverages Ltd. | 931,672 | 8,271 | |
Coromandel International Ltd. | 1,053,069 | 8,266 | |
Balkrishna Industries Ltd. | 667,115 | 8,153 | |
* | Hindustan Zinc Ltd. | 3,520,443 | 8,059 |
Indiabulls Housing Finance Ltd. | 4,569,853 | 7,958 | |
1 | RBL Bank Ltd. | 4,556,951 | 7,872 |
Torrent Power Ltd. | 1,783,725 | 7,830 | |
* | Sanofi India Ltd. | 76,212 | 7,822 |
* | Yes Bank Ltd. | 21,002,133 | 7,803 |
57 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
City Union Bank Ltd. | 4,012,670 | 7,660 | |
Gujarat Gas Ltd. | 2,216,111 | 7,596 | |
Supreme Industries Ltd. | 526,130 | 7,577 | |
TVS Motor Co. Ltd. | 1,738,465 | 7,468 | |
Indian Hotels Co. Ltd. | 6,961,861 | 7,382 | |
Manappuram Finance Ltd. | 4,175,745 | 7,376 | |
Adani Enterprises Ltd. | 3,957,664 | 7,301 | |
Bata India Ltd. | 403,546 | 7,286 | |
* | Godrej Properties Ltd. | 809,358 | 7,241 |
Escorts Ltd. | 756,762 | 7,115 | |
* | Jindal Steel & Power Ltd. | 5,745,717 | 7,082 |
1 | Nippon Life India Asset Management Ltd. | 2,104,149 | 6,810 |
Bayer CropScience Ltd. | 118,288 | 6,743 | |
* | Bank of Baroda | 10,385,135 | 6,736 |
Sun TV Network Ltd. | 1,299,302 | 6,592 | |
Ramco Cements Ltd. | 893,794 | 6,528 | |
* | Vodafone Idea Ltd. | 117,640,580 | 6,516 |
Ajanta Pharma Ltd. | 331,135 | 6,494 | |
Mahanagar Gas Ltd. | 502,500 | 6,476 | |
* | 3M India Ltd. | 24,942 | 6,387 |
NIIT Technologies Ltd. | 385,882 | 6,131 | |
Sundaram Finance Ltd. | 364,993 | 6,130 | |
Astral Poly Technik Ltd. | 488,947 | 6,088 | |
Steel Authority of India Ltd. | 14,423,148 | 6,001 | |
L&T Finance Holdings Ltd. | 6,928,322 | 5,980 | |
Exide Industries Ltd. | 2,847,919 | 5,931 | |
Tata Power Co. Ltd. | 14,170,614 | 5,914 | |
Phoenix Mills Ltd. | 814,460 | 5,859 | |
Oberoi Realty Ltd. | 1,294,758 | 5,858 | |
Jubilant Life Sciences Ltd. | 1,083,826 | 5,754 | |
Cholamandalam Investment and Finance Co. Ltd. | 2,741,511 | 5,747 | |
* | Adani Power Ltd. | 13,604,078 | 5,685 |
Alembic Pharmaceuticals Ltd. | 574,675 | 5,616 | |
WABCO India Ltd. | 66,222 | 5,475 | |
Tata Communications Ltd. | 951,327 | 5,421 | |
Gujarat State Petronet Ltd. | 1,955,666 | 5,377 | |
1 | L&T Technology Services Ltd. | 329,660 | 5,374 |
* | Punjab National Bank | 12,479,206 | 5,318 |
Hexaware Technologies Ltd. | 1,432,886 | 5,307 | |
* | Aditya Birla Capital Ltd. | 7,969,025 | 5,256 |
1 | Syngene International Ltd. | 1,226,131 | 5,192 |
* | GMR Infrastructure Ltd. | 22,554,544 | 5,099 |
Oil India Ltd. | 3,831,741 | 5,002 | |
PVR Ltd. | 353,665 | 4,739 | |
Dalmia Bharat Ltd. | 684,304 | 4,719 | |
Cummins India Ltd. | 917,649 | 4,587 | |
Apollo Tyres Ltd. | 3,546,529 | 4,507 | |
Kajaria Ceramics Ltd. | 902,205 | 4,484 | |
* | Canara Bank | 3,803,673 | 4,403 |
Emami Ltd. | 1,626,452 | 4,204 | |
* | Aavas Financiers Ltd. | 262,759 | 4,114 |
* | Aditya Birla Fashion and Retail Ltd. | 2,632,607 | 4,019 |
Strides Pharma Science Ltd. | 692,545 | 4,011 | |
Vinati Organics Ltd. | 302,834 | 3,945 | |
Prestige Estates Projects Ltd. | 1,691,392 | 3,862 | |
KRBL Ltd. | 1,504,132 | 3,812 | |
* | Union Bank of India | 10,395,675 | 3,739 |
JSW Energy Ltd. | 6,288,040 | 3,698 | |
Amara Raja Batteries Ltd. | 485,589 | 3,658 | |
Godrej Industries Ltd. | 1,036,677 | 3,639 | |
Thermax Ltd. | 377,806 | 3,634 | |
Persistent Systems Ltd. | 570,990 | 3,586 | |
* | Just Dial Ltd. | 641,004 | 3,439 |
* | Future Retail Ltd. | 3,016,118 | 3,423 |
58 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Radico Khaitan Ltd. | 874,482 | 3,417 | |
Minda Industries Ltd. | 875,356 | 3,410 | |
Motilal Oswal Financial Services Ltd. | 495,568 | 3,303 | |
V-Guard Industries Ltd. | 1,387,202 | 3,232 | |
Bharat Heavy Electricals Ltd. | 10,487,267 | 3,109 | |
* | TeamLease Services Ltd. | 147,205 | 3,104 |
1 | Endurance Technologies Ltd. | 342,394 | 3,052 |
Ceat Ltd. | 283,162 | 3,013 | |
Indiabulls Ventures Ltd. | 2,102,368 | 2,965 | |
IIFL Finance Ltd. | 2,932,389 | 2,959 | |
Chambal Fertilizers and Chemicals Ltd. | 1,697,887 | 2,907 | |
Polycab India Ltd. | 302,194 | 2,880 | |
Edelweiss Financial Services Ltd. | 5,455,028 | 2,826 | |
Balrampur Chini Mills Ltd. | 2,153,233 | 2,824 | |
V-Mart Retail Ltd. | 122,684 | 2,796 | |
National Aluminium Co. Ltd. | 6,574,980 | 2,756 | |
Vakrangee Ltd. | 8,090,500 | 2,747 | |
1 | Laurus Labs Ltd. | 400,120 | 2,715 |
Avanti Feeds Ltd. | 475,835 | 2,712 | |
Redington India Ltd. | 2,766,129 | 2,699 | |
TTK Prestige Ltd. | 41,786 | 2,675 | |
Graphite India Ltd. | 967,127 | 2,662 | |
India Cements Ltd. | 1,889,968 | 2,573 | |
Bombay Burmah Trading Co. Ltd. | 214,993 | 2,559 | |
*,1 | ICICI Securities Ltd. | 525,900 | 2,519 |
Symphony Ltd. | 203,171 | 2,489 | |
Birlasoft Ltd. | 2,598,822 | 2,483 | |
HEG Ltd. | 234,557 | 2,480 | |
1 | Godrej Agrovet Ltd. | 454,284 | 2,442 |
*,§ | Hemisphere Properties India Ltd. | 1,131,433 | 2,438 |
Gujarat Pipavav Port Ltd. | 3,145,018 | 2,393 | |
JM Financial Ltd. | 2,779,743 | 2,386 | |
Sundram Fasteners Ltd. | 532,463 | 2,346 | |
*,1 | Quess Corp. Ltd. | 854,190 | 2,323 |
Cholamandalam Financial Holdings Ltd. | 586,118 | 2,302 | |
NCC Ltd. | 6,496,194 | 2,223 | |
* | Sun Pharma Advanced Research Co. Ltd. | 1,256,099 | 2,156 |
* | Tata Motors Ltd. Class A | 4,099,307 | 2,133 |
Multi Commodity Exchange of India Ltd. | 143,977 | 2,036 | |
Karur Vysya Bank Ltd. | 5,189,142 | 2,010 | |
Great Eastern Shipping Co. Ltd. | 639,142 | 1,989 | |
Engineers India Ltd. | 2,164,778 | 1,928 | |
DCB Bank Ltd. | 1,820,525 | 1,925 | |
Kaveri Seed Co. Ltd. | 384,734 | 1,895 | |
Welspun India Ltd. | 5,376,822 | 1,874 | |
Jindal Saw Ltd. | 2,501,190 | 1,835 | |
EIH Ltd. | 1,827,474 | 1,830 | |
1 | Dilip Buildcon Ltd. | 525,036 | 1,803 |
Care Ratings Ltd. | 367,765 | 1,798 | |
* | Mahindra CIE Automotive Ltd. | 1,415,576 | 1,773 |
NBCC India Ltd. | 6,802,903 | 1,773 | |
* | ABB Power Products & Systems India Ltd. | 163,478 | 1,745 |
eClerx Services Ltd. | 284,940 | 1,744 | |
* | IRB Infrastructure Developers Ltd. | 1,861,714 | 1,702 |
Century Textiles & Industries Ltd. | 417,020 | 1,605 | |
1 | PNB Housing Finance Ltd. | 611,890 | 1,600 |
* | Gujarat Fluorochemicals Ltd. | 384,692 | 1,564 |
Sterlite Technologies Ltd. | 1,309,610 | 1,556 | |
Welspun Corp. Ltd. | 1,760,136 | 1,488 | |
Sobha Ltd. | 553,058 | 1,470 | |
PTC India Ltd. | 2,630,256 | 1,387 | |
Finolex Cables Ltd. | 403,667 | 1,365 | |
* | Suzlon Energy Ltd. | 39,370,669 | 1,363 |
* | Wockhardt Ltd. | 391,162 | 1,317 |
59 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Indiabulls Real Estate Ltd. | 1,691,588 | 1,300 |
* | TV18 Broadcast Ltd. | 4,769,144 | 1,225 |
* | Bank of India | 2,592,418 | 1,206 |
Mangalore Refinery & Petrochemicals Ltd. | 2,627,209 | 1,127 | |
* | Indian Bank | 1,645,364 | 1,126 |
Rain Industries Ltd. | 1,188,032 | 1,107 | |
* | Bajaj Consumer Care Ltd. | 578,387 | 1,105 |
Karnataka Bank Ltd. | 1,791,793 | 1,048 | |
Relaxo Footwears Ltd. | 123,906 | 1,045 | |
DCM Shriram Ltd. | 273,337 | 989 | |
GE Power India Ltd. | 163,750 | 970 | |
1 | Eris Lifesciences Ltd. | 140,047 | 929 |
IDFC Ltd. | 4,559,544 | 871 | |
Gateway Distriparks Ltd. | 712,092 | 862 | |
* | Central Bank of India | 4,098,172 | 850 |
Repco Home Finance Ltd. | 504,928 | 845 | |
* | Equitas Holdings Ltd. | 1,189,264 | 810 |
* | Indian Overseas Bank | 7,504,203 | 763 |
* | Hindustan Construction Co. Ltd. | 11,101,906 | 729 |
* | Future Consumer Ltd. | 5,899,545 | 726 |
Sadbhav Engineering Ltd. | 1,176,768 | 726 | |
South Indian Bank Ltd. | 9,144,582 | 714 | |
APL Apollo Tubes Ltd. | 35,643 | 676 | |
* | CG Power and Industrial Solutions Ltd. | 6,001,166 | 630 |
Raymond Ltd. | 186,308 | 595 | |
* | VA Tech Wabag Ltd. | 344,406 | 589 |
* | IFCI Ltd. | 10,892,947 | 584 |
Arvind Ltd. | 1,777,182 | 566 | |
GE T&D India Ltd. | 498,377 | 559 | |
* | Jammu & Kashmir Bank Ltd. | 2,790,465 | 548 |
* | Honeywell Automation India Ltd. | 1,378 | 519 |
Tata Chemicals Ltd. | 130,366 | 487 | |
Gujarat Mineral Development Corp. Ltd. | 906,524 | 471 | |
Navin Fluorine International Ltd. | 22,115 | 458 | |
* | Dish TV India Ltd. | 6,429,998 | 409 |
Thomas Cook India Ltd. | 1,124,210 | 400 | |
* | RattanIndia Power Ltd. | 10,301,713 | 177 |
* | Housing Development & Infrastructure Ltd. | 3,449,663 | 84 |
GFL Ltd. | 71,932 | 81 | |
* | Aarti Surfactants Ltd. | 26,315 | 74 |
*,§ | Amtek Auto Ltd. | 472,160 | 17 |
7,103,085 | |||
Indonesia (1.6%) | |||
Bank Central Asia Tbk PT | 136,646,450 | 236,698 | |
Telekomunikasi Indonesia Persero Tbk PT | 653,788,452 | 150,340 | |
Bank Rakyat Indonesia Persero Tbk PT | 747,431,058 | 135,948 | |
Bank Mandiri Persero Tbk PT | 261,670,675 | 77,785 | |
Astra International Tbk PT | 285,463,681 | 73,012 | |
Unilever Indonesia Tbk PT | 80,721,855 | 44,760 | |
Charoen Pokphand Indonesia Tbk PT | 102,820,123 | 31,617 | |
Bank Negara Indonesia Persero Tbk PT | 104,486,976 | 28,514 | |
Indofood Sukses Makmur Tbk PT | 61,585,608 | 26,871 | |
* | Barito Pacific Tbk PT | 271,630,150 | 26,301 |
Kalbe Farma Tbk PT | 260,115,584 | 25,128 | |
United Tractors Tbk PT | 21,124,927 | 23,040 | |
Semen Indonesia Persero Tbk PT | 40,984,810 | 21,755 | |
Indofood CBP Sukses Makmur Tbk PT | 31,839,647 | 21,067 | |
Gudang Garam Tbk PT | 6,707,230 | 20,389 | |
Indocement Tunggal Prakarsa Tbk PT | 19,037,001 | 14,776 | |
Indah Kiat Pulp & Paper Corp. Tbk PT | 37,864,068 | 13,977 | |
Hanjaya Mandala Sampoerna Tbk PT | 126,191,474 | 13,439 | |
Tower Bersama Infrastructure Tbk PT | 144,736,685 | 11,449 | |
Adaro Energy Tbk PT | 183,036,179 | 11,217 | |
Ace Hardware Indonesia Tbk PT | 100,719,956 | 10,252 |
60 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Lippo Karawaci Tbk PT | 856,906,288 | 9,230 |
* | XL Axiata Tbk PT | 51,772,398 | 8,774 |
Perusahaan Gas Negara Tbk PT | 150,139,779 | 8,519 | |
Pakuwon Jati Tbk PT | 339,175,167 | 8,517 | |
Bukit Asam Tbk PT | 57,996,844 | 7,260 | |
Ciputra Development Tbk PT | 200,404,450 | 7,224 | |
Jasa Marga Persero Tbk PT | 32,284,204 | 6,797 | |
* | Japfa Comfeed Indonesia Tbk PT | 93,513,800 | 6,087 |
Pabrik Kertas Tjiwi Kimia Tbk PT | 18,110,500 | 6,025 | |
* | Bumi Serpong Damai Tbk PT | 111,869,701 | 5,263 |
* | Vale Indonesia Tbk PT | 30,386,747 | 5,200 |
Surya Citra Media Tbk PT | 84,563,931 | 4,921 | |
* | Bank Tabungan Pensiunan Nasional Syariah Tbk PT | 31,779,100 | 4,653 |
Media Nusantara Citra Tbk PT | 75,519,924 | 4,606 | |
Summarecon Agung Tbk PT | 154,942,292 | 4,584 | |
Mitra Adiperkasa Tbk PT | 102,548,726 | 4,480 | |
Aneka Tambang Tbk | 120,249,210 | 4,109 | |
AKR Corporindo Tbk PT | 25,445,825 | 4,078 | |
* | Medco Energi Internasional Tbk PT | 128,974,648 | 3,884 |
* | Smartfren Telecom Tbk PT | 535,379,900 | 3,815 |
Indo Tambangraya Megah Tbk PT | 6,082,980 | 2,932 | |
* | Panin Financial Tbk PT | 238,921,231 | 2,905 |
Wijaya Karya Persero Tbk PT | 44,376,370 | 2,806 | |
Matahari Department Store Tbk PT | 34,308,367 | 2,785 | |
Bank Tabungan Negara Persero Tbk PT | 46,591,238 | 2,744 | |
* | Astra Agro Lestari Tbk PT | 6,369,613 | 2,593 |
Waskita Karya Persero Tbk PT | 56,865,698 | 2,298 | |
* | Sentul City Tbk PT | 651,332,344 | 2,183 |
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 39,166,999 | 2,108 | |
* | Bank Pan Indonesia Tbk PT | 40,946,200 | 2,052 |
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 40,664,495 | 1,925 | |
* | Kresna Graha Investama Tbk PT | 202,727,448 | 1,837 |
* | Siloam International Hospitals Tbk PT | 5,013,543 | 1,759 |
PP Persero Tbk PT | 37,798,195 | 1,681 | |
*,§ | Trada Alam Minera Tbk PT | 487,603,966 | 1,639 |
* | Global Mediacom Tbk PT | 116,938,203 | 1,626 |
Ramayana Lestari Sentosa Tbk PT | 40,955,166 | 1,577 | |
Bank Danamon Indonesia Tbk PT | 8,922,271 | 1,482 | |
* | Alam Sutera Realty Tbk PT | 175,015,554 | 1,376 |
Timah Tbk PT | 37,801,774 | 1,174 | |
Surya Semesta Internusa Tbk PT | 51,498,498 | 1,051 | |
Adhi Karya Persero Tbk PT | 24,013,406 | 882 | |
* | Eagle High Plantations Tbk PT | 147,276,163 | 786 |
* | Agung Podomoro Land Tbk PT | 84,053,285 | 587 |
* | Krakatau Steel Persero Tbk PT | 49,643,146 | 572 |
* | Salim Ivomas Pratama Tbk PT | 32,852,398 | 469 |
Bekasi Fajar Industrial Estate Tbk PT | 52,782,820 | 405 | |
* | Totalindo Eka Persada Tbk PT | 56,679,000 | 191 |
* | Sampoerna Agro Tbk PT | 645,802 | 108 |
*,§ | Sigmagold Inti Perkasa Tbk PT | 14,934,100 | 50 |
1,182,944 | |||
Kuwait (0.8%) | |||
National Bank of Kuwait SAKP | 91,225,349 | 218,745 | |
Kuwait Finance House KSCP | 57,144,837 | 109,530 | |
Mobile Telecommunications Co. KSC | 30,487,237 | 52,096 | |
Ahli United Bank BSC | 73,911,512 | 46,658 | |
* | Agility Public Warehousing Co. KSC | 13,004,556 | 26,915 |
Boubyan Bank KSCP | 13,273,241 | 21,359 | |
Gulf Bank KSCP | 25,137,705 | 17,536 | |
* | Humansoft Holding Co. KSC | 1,430,381 | 13,196 |
Boubyan Petrochemicals Co. KSCP | 5,697,229 | 9,222 | |
* | Warba Bank KSCP | 12,494,305 | 8,519 |
National Industries Group Holding SAK | 14,066,775 | 7,741 | |
* | Mabanee Co. SAK | 2,955,075 | 6,028 |
61 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Kuwait International Bank KSCP | 8,903,632 | 5,218 |
Burgan Bank SAK | 7,522,871 | 5,050 | |
* | Alimtiaz Investment Group KSC | 10,182,693 | 2,696 |
Integrated Holding Co. KCSC | 1,930,118 | 2,616 | |
Kuwait Projects Co. Holding KSCP | 4,731,032 | 2,609 | |
Mezzan Holding Co. KSCC | 1,171,265 | 2,230 | |
557,964 | |||
Malaysia (2.5%) | |||
Public Bank Bhd. (Local) | 44,154,118 | 167,811 | |
Tenaga Nasional Bhd. | 56,038,651 | 158,674 | |
Malayan Banking Bhd. | 86,427,612 | 151,685 | |
CIMB Group Holdings Bhd. | 100,417,708 | 80,292 | |
Sime Darby Plantation Bhd. | 51,457,079 | 59,055 | |
Axiata Group Bhd. | 63,637,149 | 58,023 | |
DiGi.Com Bhd. | 52,787,933 | 56,702 | |
Petronas Chemicals Group Bhd. | 40,525,712 | 52,458 | |
IHH Healthcare Bhd. | 42,598,855 | 51,836 | |
Dialog Group Bhd. | 65,531,660 | 50,595 | |
Maxis Bhd. | 39,375,460 | 50,030 | |
IOI Corp. Bhd. | 45,671,090 | 43,004 | |
Top Glove Corp. Bhd. | 24,288,430 | 40,934 | |
MISC Bhd. | 21,200,144 | 38,658 | |
Hartalega Holdings Bhd. | 21,023,310 | 37,139 | |
PPB Group Bhd. | 9,668,860 | 36,857 | |
Petronas Gas Bhd. | 9,368,363 | 33,464 | |
Kuala Lumpur Kepong Bhd. | 6,780,392 | 32,951 | |
Genting Bhd. | 32,866,024 | 31,785 | |
Nestle Malaysia Bhd. | 879,557 | 28,626 | |
Hong Leong Bank Bhd. | 9,197,472 | 28,373 | |
RHB Bank Bhd. | 23,262,700 | 25,600 | |
Press Metal Aluminium Holdings Bhd. | 27,394,820 | 24,945 | |
Sime Darby Bhd. | 52,079,536 | 24,124 | |
Gamuda Bhd. | 32,301,917 | 24,077 | |
Genting Malaysia Bhd. | 39,515,637 | 21,720 | |
Petronas Dagangan Bhd. | 4,120,007 | 19,435 | |
AMMB Holdings Bhd. | 27,683,045 | 19,121 | |
QL Resources Bhd. | 9,653,520 | 18,252 | |
IJM Corp. Bhd. | 46,798,334 | 17,995 | |
Malaysia Airports Holdings Bhd. | 12,916,730 | 15,704 | |
Telekom Malaysia Bhd. | 16,487,278 | 15,388 | |
Westports Holdings Bhd. | 15,742,301 | 13,436 | |
HAP Seng Consolidated Bhd. | 7,542,400 | 12,860 | |
Carlsberg Brewery Malaysia Bhd. | 1,956,200 | 12,484 | |
Genting Plantations Bhd. | 5,469,700 | 12,096 | |
YTL Corp. Bhd. | 66,965,310 | 11,862 | |
Kossan Rubber Industries Bhd. | 8,659,700 | 11,293 | |
Inari Amertron Bhd. | 32,283,100 | 10,571 | |
Hong Leong Financial Group Bhd. | 3,387,441 | 10,317 | |
Bursa Malaysia Bhd. | 7,457,200 | 10,284 | |
TIME dotCom Bhd. | 4,216,600 | 9,587 | |
My EG Services Bhd. | 31,944,050 | 9,380 | |
Sunway Bhd. | 25,278,345 | 9,181 | |
Fraser & Neave Holdings Bhd. | 1,247,500 | 9,175 | |
Sunway REIT | 24,837,000 | 9,048 | |
IGB REIT | 21,893,670 | 8,800 | |
Yinson Holdings Bhd. | 6,891,200 | 8,287 | |
Sime Darby Property Bhd. | 52,155,342 | 7,855 | |
* | Supermax Corp. Bhd. | 12,147,292 | 6,970 |
Alliance Bank Malaysia Bhd. | 15,242,917 | 6,888 | |
IOI Properties Group Bhd. | 28,473,280 | 6,717 | |
Malakoff Corp. Bhd. | 32,832,500 | 6,611 | |
KPJ Healthcare Bhd. | 31,532,300 | 6,542 | |
Berjaya Sports Toto Bhd. | 11,610,398 | 6,242 | |
British American Tobacco Malaysia Bhd. | 2,040,434 | 5,974 |
62 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Serba Dinamik Holdings Bhd. | 15,737,838 | 5,774 | |
* | FGV Holdings Bhd. | 28,331,557 | 5,559 |
Frontken Corp. Bhd. | 10,112,100 | 5,207 | |
1 | Astro Malaysia Holdings Bhd. | 23,804,073 | 5,207 |
Magnum Bhd. | 9,904,000 | 5,054 | |
Malaysia Building Society Bhd. | 32,428,400 | 4,770 | |
Axis REIT | 9,456,300 | 4,286 | |
VS Industry Bhd. | 19,671,550 | 4,198 | |
AirAsia Group Bhd. | 22,128,458 | 4,157 | |
DRB-Hicom Bhd. | 12,008,300 | 3,912 | |
Malaysian Resources Corp. Bhd. | 33,859,700 | 3,786 | |
SP Setia Bhd. Group | 18,872,045 | 3,537 | |
Scientex Bhd. | 1,719,500 | 3,312 | |
1 | Lotte Chemical Titan Holding Bhd. | 8,038,747 | 3,155 |
Pavilion REIT | 7,985,800 | 3,007 | |
Padini Holdings Bhd. | 5,035,437 | 2,917 | |
Pentamaster Corp. Bhd. | 2,940,200 | 2,832 | |
Bermaz Auto Bhd. | 8,565,500 | 2,698 | |
* | UEM Sunrise Bhd. | 26,801,900 | 2,649 |
Sapura Energy Bhd. | 126,901,822 | 2,488 | |
Cahya Mata Sarawak Bhd. | 7,274,600 | 2,321 | |
* | Velesto Energy Bhd. | 60,561,627 | 2,042 |
Sunway Construction Group Bhd. | 4,586,800 | 1,985 | |
* | Bumi Armada Bhd. | 50,979,028 | 1,951 |
AEON Credit Service M Bhd. | 909,700 | 1,919 | |
* | Berjaya Corp. Bhd. | 40,686,589 | 1,839 |
* | WCT Holdings Bhd. | 13,422,399 | 1,563 |
* | Leong Hup International Bhd. | 9,083,100 | 1,334 |
Pos Malaysia Bhd. | 5,845,300 | 1,174 | |
Muhibbah Engineering M Bhd. | 3,557,100 | 851 | |
* | AirAsia X Bhd. | 19,758,160 | 499 |
* | Mega First Corp. Bhd. | 255,900 | 296 |
* | UMW Oil & Gas Corp. Warrants Exp. 09/30/2024 | 20,487,189 | 286 |
* | Serba Dinamik Holdings Bhd. Warrants Exp. 05/12/2024 | 4,443,960 | 274 |
* | Datasonic Group Bhd. Warrants Exp. 07/05/2023 | 2,475,550 | 245 |
* | Sunway Bhd. Warrants Exp. 12/31/2024 | 3,268,483 | 205 |
* | Malaysian Resources Corp. Bhd. Warrants Exp. 12/31/2027 | 3,624,441 | 97 |
*,§ | RHB Capital Bhd. | 11,952,935 | — |
1,835,159 | |||
Mexico (2.1%) | |||
America Movil SAB de CV | 387,904,911 | 234,987 | |
Fomento Economico Mexicano SAB de CV | 29,503,268 | 190,686 | |
Wal-Mart de Mexico SAB de CV | 72,551,837 | 174,509 | |
Grupo Financiero Banorte SAB de CV | 39,495,124 | 108,009 | |
Grupo Mexico SAB de CV Class B | 50,490,744 | 107,681 | |
Grupo Elektra SAB DE CV | 925,787 | 53,204 | |
Grupo Bimbo SAB de CV Class A | 33,143,016 | 48,942 | |
Cemex SAB de CV | 211,801,917 | 44,556 | |
Fibra Uno Administracion SA de CV | 43,000,402 | 35,273 | |
Grupo Televisa SAB | 30,432,881 | 32,338 | |
Grupo Aeroportuario del Pacifico SAB de CV Class B | 4,973,393 | 31,077 | |
Coca-Cola Femsa SAB de CV | 7,200,869 | 29,011 | |
Gruma SAB de CV Class B | 2,842,057 | 26,980 | |
Grupo Aeroportuario del Sureste SAB de CV Class B | 2,386,388 | 23,902 | |
Infraestructura Energetica Nova SAB de CV | 7,412,168 | 22,986 | |
* | Arca Continental SAB de CV | 5,432,115 | 20,923 |
* | Promotora y Operadora de Infraestructura SAB de CV | 2,958,179 | 20,551 |
Grupo Financiero Inbursa SAB de CV | 32,096,408 | 19,310 | |
Alfa SAB de CV Class A | 43,283,511 | 17,708 | |
Orbia Advance Corp. SAB de CV | 14,542,975 | 17,161 | |
Kimberly-Clark de Mexico SAB de CV Class A | 11,755,262 | 16,603 | |
Grupo Aeroportuario del Centro Norte SAB de CV | 4,525,418 | 16,486 | |
Industrias Penoles SAB de CV | 1,783,544 | 13,771 | |
Grupo Carso SAB de CV | 6,711,942 | 13,437 |
63 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Telesites SAB de CV | 18,870,305 | 12,410 |
Becle SAB de CV | 7,943,018 | 12,184 | |
Prologis Property Mexico SA de CV | 7,328,627 | 11,947 | |
Bolsa Mexicana de Valores SAB de CV | 6,340,345 | 11,517 | |
Corp Inmobiliaria Vesta SAB de CV | 8,163,512 | 11,188 | |
Qualitas Controladora SAB de CV | 2,704,444 | 11,150 | |
PLA Administradora Industrial S de RL de CV | 10,460,354 | 10,846 | |
Megacable Holdings SAB de CV | 4,268,713 | 10,640 | |
1 | Macquarie Mexico Real Estate Management SA de CV | 11,375,612 | 9,398 |
* | Genomma Lab Internacional SAB de CV Class B | 10,752,151 | 8,659 |
* | Regional SAB de CV | 3,343,058 | 8,194 |
* | La Comer SAB de CV | 7,594,179 | 7,941 |
1 | Banco del Bajio SA | 9,589,923 | 7,560 |
Grupo Cementos de Chihuahua SAB de CV | 2,506,914 | 7,277 | |
Industrias Bachoco SAB de CV Class B | 2,334,841 | 6,775 | |
El Puerto de Liverpool SAB de CV | 2,668,139 | 6,721 | |
Gentera SAB de CV | 16,206,494 | 6,442 | |
* | Alsea SAB de CV | 7,200,317 | 5,936 |
* | Grupo Comercial Chedraui SA de CV | 4,482,908 | 5,376 |
1 | GMexico Transportes SAB de CV | 5,672,045 | 5,232 |
* | Controladora Vuela Cia de Aviacion SAB de CV Class A | 10,452,204 | 5,148 |
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 8,491,354 | 4,728 | |
Grupo Lala SAB de CV | 8,765,029 | 4,128 | |
Grupo Herdez SAB de CV | 2,708,527 | 3,356 | |
Concentradora Fibra Danhos SA de CV | 3,745,146 | 2,893 | |
Alpek SAB de CV | 5,700,220 | 2,710 | |
* | Credito Real SAB de CV SOFOM ER | 2,894,863 | 1,742 |
* | Axtel SAB de CV | 14,255,862 | 1,656 |
1 | Nemak SAB de CV | 8,488,408 | 1,585 |
* | Hoteles City Express SAB de CV | 4,940,570 | 1,478 |
Grupo Rotoplas SAB de CV | 1,854,362 | 1,053 | |
* | Promotora y Operadora de Infraestructura SAB de CV Class L | 197,285 | 974 |
* | Unifin Financiera SAB de CV | 1,302,157 | 707 |
Consorcio ARA SAB de CV | 3,067,202 | 375 | |
*,§ | Empresas ICA SAB de CV | 104,678 | 6 |
1,530,023 | |||
Pakistan (0.1%) | |||
Engro Corp. Ltd. | 4,880,196 | 9,346 | |
Lucky Cement Ltd. | 2,655,538 | 7,784 | |
* | Hub Power Co. Ltd. | 13,700,587 | 7,173 |
Fauji Fertilizer Co. Ltd. | 9,903,614 | 6,891 | |
MCB Bank Ltd. | 6,455,581 | 6,576 | |
Habib Bank Ltd. | 10,381,002 | 6,525 | |
Oil & Gas Development Co. Ltd. | 9,415,200 | 6,189 | |
Pakistan Petroleum Ltd. | 10,218,104 | 5,817 | |
Pakistan State Oil Co. Ltd. | 4,939,874 | 4,762 | |
Pakistan Oilfields Ltd. | 1,960,563 | 3,880 | |
United Bank Ltd. | 5,298,600 | 3,530 | |
Engro Fertilizers Ltd. | 8,723,880 | 3,352 | |
Bank Alfalah Ltd. | 14,660,500 | 2,748 | |
SUI Northern Gas Pipeline | 6,145,800 | 2,025 | |
DG Khan Cement Co. Ltd. | 3,466,070 | 1,867 | |
Searle Co. Ltd. | 1,543,792 | 1,780 | |
* | National Bank of Pakistan | 8,064,200 | 1,429 |
Nishat Mills Ltd. | 2,665,900 | 1,276 | |
* | SUI Southern Gas Co. Ltd. | 14,985,400 | 1,274 |
Kot Addu Power Co. Ltd. | 7,981,721 | 1,144 | |
Fauji Cement Co. Ltd. | 5,841,901 | 619 | |
Millat Tractors Ltd. | 112,421 | 490 | |
Pakistan Telecommunication Co. Ltd. | 5,682,500 | 271 | |
86,748 | |||
Peru (0.0%) | |||
Cia de Minas Buenaventura SAA ADR | 2,753,555 | 20,624 |
64 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
§ | Cia de Minas Buenaventura SAA | 234,892 | 1,740 |
22,364 | |||
Philippines (1.0%) | |||
SM Investments Corp. | 6,961,882 | 116,038 | |
SM Prime Holdings Inc. | 129,637,478 | 78,944 | |
Ayala Land Inc. | 100,530,527 | 62,763 | |
BDO Unibank Inc. | 28,153,689 | 55,397 | |
Ayala Corp. | 3,703,825 | 42,131 | |
PLDT Inc. | 1,651,054 | 41,846 | |
JG Summit Holdings Inc. | 41,223,321 | 41,057 | |
Universal Robina Corp. | 12,745,151 | 31,547 | |
Bank of the Philippine Islands | 25,599,228 | 29,402 | |
International Container Terminal Services Inc. | 15,372,641 | 26,889 | |
Metropolitan Bank & Trust Co. | 25,803,485 | 19,735 | |
Manila Electric Co. | 3,766,833 | 18,808 | |
Globe Telecom Inc. | 427,772 | 18,557 | |
Jollibee Foods Corp. | 5,760,039 | 16,273 | |
* | GT Capital Holdings Inc. | 1,450,862 | 12,990 |
Security Bank Corp. | 6,419,994 | 12,987 | |
Puregold Price Club Inc. | 14,083,592 | 12,818 | |
Aboitiz Power Corp. | 22,534,129 | 12,161 | |
Robinsons Retail Holdings Inc. | 9,177,681 | 12,120 | |
San Miguel Food and Beverage Inc. | 9,538,870 | 11,205 | |
Metro Pacific Investments Corp. | 207,093,579 | 10,441 | |
San Miguel Corp. | 5,188,870 | 9,961 | |
Robinsons Land Corp. | 29,321,207 | 8,663 | |
Megaworld Corp. | 167,189,303 | 8,437 | |
* | Alliance Global Group Inc. | 58,430,267 | 7,435 |
First Gen Corp. | 18,031,492 | 6,754 | |
* | LT Group Inc. | 40,729,450 | 6,225 |
Wilcon Depot Inc. | 18,750,000 | 5,429 | |
Bloomberry Resorts Corp. | 46,793,149 | 5,176 | |
DMCI Holdings Inc. | 60,410,197 | 4,912 | |
Vista Land & Lifescapes Inc. | 55,591,600 | 4,738 | |
Century Pacific Food Inc. | 14,861,587 | 4,197 | |
Semirara Mining & Power Corp. | 17,664,228 | 4,193 | |
Manila Water Co. Inc. | 16,489,928 | 3,458 | |
D&L Industries Inc. | 29,086,690 | 3,042 | |
Filinvest Land Inc. | 137,134,351 | 2,566 | |
Cebu Air Inc. | 2,163,653 | 2,070 | |
*,1 | CEMEX Holdings Philippines Inc. | 90,435,544 | 1,984 |
Nickel Asia Corp. | 44,277,703 | 1,475 | |
*,§ | Altus San Nicolas Corp. | 583,628 | 60 |
774,884 | |||
Poland (0.0%) | |||
*,§ | getBACK SA | 245,053 | 221 |
Qatar (1.0%) | |||
Qatar National Bank QPSC | 63,001,317 | 297,154 | |
Qatar Islamic Bank SAQ | 16,441,654 | 69,869 | |
Industries Qatar QSC | 28,538,235 | 55,106 | |
Masraf Al Rayan QSC | 52,465,262 | 54,903 | |
Commercial Bank PSQC | 28,314,850 | 31,176 | |
Mesaieed Petrochemical Holding Co. | 61,867,828 | 30,480 | |
Qatar Electricity & Water Co. QSC | 7,321,786 | 30,270 | |
* | Qatar Fuel QSC | 6,876,667 | 30,198 |
Qatar Gas Transport Co. Ltd. | 38,548,200 | 26,403 | |
Qatar International Islamic Bank QSC | 10,634,960 | 23,352 | |
* | Barwa Real Estate Co. | 26,823,092 | 21,068 |
Ooredoo QPSC | 11,742,595 | 20,543 | |
Qatar Insurance Co. SAQ | 22,313,124 | 12,234 | |
* | Doha Bank QPSC | 21,414,615 | 11,844 |
United Development Co. QSC | 26,374,381 | 7,643 | |
Qatar Aluminum Manufacturing Co. | 40,734,783 | 6,967 |
65 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Vodafone Qatar QSC | 22,138,021 | 6,609 | |
Al Meera Consumer Goods Co. QSC | 1,157,247 | 5,552 | |
* | Ezdan Holding Group QSC | 23,944,492 | 4,894 |
* | Gulf International Services QSC | 12,271,925 | 4,325 |
Medicare Group | 2,156,501 | 3,776 | |
754,366 | |||
Russia (3.3%) | |||
Sberbank of Russia PJSC | 145,735,882 | 384,048 | |
Gazprom PJSC | 149,312,459 | 379,624 | |
Lukoil PJSC | 5,863,840 | 378,380 | |
Novatek PJSC | 9,055,890 | 125,958 | |
MMC Norilsk Nickel PJSC ADR | 3,955,783 | 109,725 | |
Tatneft PJSC ADR | 2,397,746 | 106,816 | |
MMC Norilsk Nickel PJSC | 342,971 | 93,180 | |
Novatek PJSC GDR | 634,199 | 88,935 | |
Tatneft PJSC | 8,270,032 | 60,881 | |
Surgutneftegas OAO Preference Shares | 117,526,723 | 57,511 | |
Mobile TeleSystems PJSC ADR | 6,485,478 | 55,581 | |
Polyus PJSC GDR | 552,134 | 44,861 | |
Rosneft Oil Co. PJSC GDR | 9,971,589 | 44,708 | |
Magnit PJSC (XLON) | 4,043,458 | 44,596 | |
AK Transneft OAO Preference Shares | 22,354 | 41,014 | |
VTB Bank PJSC | 74,792,923,072 | 35,006 | |
Inter RAO UES PJSC | 511,504,670 | 34,266 | |
Moscow Exchange MICEX-RTS PJSC | 20,588,438 | 33,279 | |
Surgutneftegas PJSC ADR | 6,663,290 | 33,138 | |
Rosneft Oil Co. PJSC | 6,623,775 | 29,731 | |
Alrosa PJSC | 35,027,380 | 29,011 | |
Severstal PAO | 2,426,949 | 28,823 | |
Novolipetsk Steel PJSC GDR | 1,248,869 | 21,375 | |
Polyus PJSC | 117,195 | 19,045 | |
PhosAgro PJSC GDR | 1,539,296 | 18,555 | |
Surgutneftegas PJSC | 28,437,249 | 14,121 | |
Rostelecom PJSC | 12,102,658 | 13,367 | |
Magnitogorsk Iron & Steel Works PJSC | 24,646,084 | 13,258 | |
RusHydro PJSC | 1,547,132,418 | 13,053 | |
Magnit PJSC (MISX) | 199,290 | 9,897 | |
Federal Grid Co. Unified Energy System PJSC | 3,851,164,717 | 9,491 | |
Sistema PJSFC GDR | 1,934,593 | 7,595 | |
Rosseti PJSC | 432,851,584 | 7,427 | |
Aeroflot PJSC | 6,905,589 | 7,019 | |
Tatneft PAO Preference Shares | 972,617 | 6,678 | |
Bashneft PJSC | 232,571 | 5,435 | |
Unipro PJSC | 128,546,198 | 4,842 | |
Novolipetsk Steel PJSC | 2,274,827 | 3,895 | |
Safmar Financial Investment | 563,308 | 3,255 | |
Severstal PAO GDR | 247,342 | 2,949 | |
Raspadskaya OJSC | 2,059,874 | 2,926 | |
M.Video PJSC | 588,117 | 2,872 | |
* | RussNeft PJSC | 499,642 | 2,790 |
* | Mechel PJSC | 2,989,465 | 2,615 |
Mosenergo PJSC | 98,999,234 | 2,604 | |
TMK PJSC | 758,639 | 2,250 | |
1 | Detsky Mir PJSC | 1,891,380 | 2,234 |
Mobile TeleSystems PJSC | 440,959 | 1,907 | |
OGK-2 PJSC | 217,636,880 | 1,850 | |
§ | Lenenergo PJSC Preference Shares | 1,029,790 | 1,664 |
TGC-1 PJSC | 8,801,055,345 | 1,397 | |
Sistema PJSFC | 5,036,000 | 977 | |
Enel Russia PJSC | 71,185,000 | 887 | |
TMK PJSC | 855,920 | 646 | |
Mechel PJSC Preference Shares | 648,310 | 643 | |
* | Mechel PJSC ADR | 160,397 | 255 |
66 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Bashneft PAO Preference Shares | 1,006 | 19 | |
2,448,865 | |||
Saudi Arabia (2.6%) | |||
Al Rajhi Bank | 14,720,576 | 223,765 | |
Saudi Basic Industries Corp. | 10,840,180 | 215,122 | |
Saudi Telecom Co. | 7,214,819 | 173,750 | |
National Commercial Bank | 16,255,202 | 160,428 | |
1 | Saudi Arabian Oil Co. | 14,960,986 | 125,715 |
Riyad Bank | 16,967,827 | 76,708 | |
Samba Financial Group | 11,799,210 | 72,876 | |
* | Alinma Bank | 11,678,724 | 49,377 |
* | Saudi Arabian Mining Co. | 4,998,443 | 49,213 |
* | Banque Saudi Fransi | 5,945,360 | 48,863 |
Saudi Arabian Fertilizer Co. | 2,377,210 | 44,578 | |
Saudi Electricity Co. | 9,573,416 | 43,348 | |
Almarai Co. JSC | 3,042,941 | 39,676 | |
* | Savola Group | 3,151,433 | 33,935 |
* | Etihad Etisalat Co. | 4,557,977 | 33,667 |
Yanbu National Petrochemical Co. | 2,766,427 | 32,963 | |
Arab National Bank | 5,941,680 | 32,133 | |
Jarir Marketing Co. | 699,922 | 27,454 | |
Bank AlBilad | 4,393,839 | 26,483 | |
Bupa Arabia for Cooperative Insurance Co. | 732,296 | 20,857 | |
* | Saudi Kayan Petrochemical Co. | 8,695,150 | 19,965 |
Sahara International Petrochemical Co. | 4,212,370 | 17,161 | |
Advanced Petrochemical Co. | 1,292,545 | 15,293 | |
Bank Al-Jazira | 4,646,807 | 14,750 | |
Abdullah Al Othaim Markets Co. | 542,075 | 14,374 | |
* | Co for Cooperative Insurance | 723,684 | 13,882 |
* | Dar Al Arkan Real Estate Development Co. | 6,233,138 | 13,370 |
* | Mouwasat Medical Services Co. | 573,877 | 12,948 |
Saudi Industrial Investment Group | 2,551,936 | 12,594 | |
Saudi Cement Co. | 882,859 | 12,333 | |
* | Mobile Telecommunications Co. Saudi Arabia | 3,372,778 | 10,923 |
* | National Industrialization Co. | 3,758,118 | 10,130 |
* | Rabigh Refining & Petrochemical Co. | 2,689,276 | 9,766 |
Southern Province Cement Co. | 676,563 | 9,573 | |
Saudi Airlines Catering Co. | 447,739 | 9,493 | |
* | Emaar Economic City | 4,863,534 | 9,454 |
* | National Petrochemical Co. | 1,391,899 | 7,438 |
Qassim Cement Co. | 488,103 | 7,405 | |
Saudi Ground Services Co. | 1,044,550 | 7,264 | |
Saudia Dairy & Foodstuff Co. | 181,222 | 7,253 | |
Yanbu Cement Co. | 890,393 | 7,051 | |
* | Seera Group Holding | 1,701,264 | 7,015 |
* | Saudi Research & Marketing Group | 410,380 | 6,694 |
Yamama Cement Co. | 1,148,804 | 6,365 | |
* | Arabian Centres Co. Ltd. | 993,707 | 6,363 |
* | Aldrees Petroleum and Transport Services Co. | 365,537 | 5,656 |
United Electronics Co. | 294,304 | 5,321 | |
* | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 659,356 | 4,725 |
* | Fawaz Abdulaziz Al Hokair & Co. | 771,270 | 4,402 |
Dallah Healthcare Co. | 342,671 | 4,380 | |
Leejam Sports Co. JSC | 250,985 | 4,136 | |
Arabian Cement Co. | 558,856 | 3,985 | |
National Gas & Industrialization Co. | 498,748 | 3,817 | |
* | City Cement Co. | 1,037,350 | 3,817 |
Arriyadh Development Co. | 1,027,517 | 3,791 | |
Eastern Province Cement Co. | 475,388 | 3,600 | |
* | Al Hammadi Co. for Development and Investment | 675,124 | 3,466 |
Dur Hospitality Co. | 560,613 | 3,324 | |
United International Transportation Co. | 423,691 | 3,219 | |
* | National Agriculture Development Co. | 406,188 | 3,182 |
* | Saudi Real Estate Co. | 973,758 | 3,149 |
67 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Herfy Food Services Co. | 252,473 | 3,012 | |
* | Saudi Public Transport Co. | 757,973 | 2,996 |
* | Middle East Healthcare Co. | 408,188 | 2,861 |
* | Saudi Chemical Co. Holding | 485,856 | 2,758 |
* | Saudi Ceramic Co. | 341,644 | 2,652 |
* | Najran Cement Co. | 849,675 | 2,497 |
* | National Medical Care Co. | 248,436 | 2,460 |
* | Northern Region Cement Co. | 898,972 | 2,402 |
* | Astra Industrial Group | 474,604 | 2,042 |
* | Aseer Trading Tourism & Manufacturing Co. | 695,393 | 1,697 |
* | Zamil Industrial Investment Co. | 423,649 | 1,682 |
* | Mediterranean & Gulf Insurance & Reinsurance Co. | 329,211 | 1,581 |
* | Al Jouf Cement Co. | 646,357 | 1,454 |
* | Tabuk Cement Co. | 423,321 | 1,318 |
* | Hail Cement Co. | 370,273 | 1,155 |
* | Abdul Mohsen Al-Hokair Tourism and Development Co. | 339,777 | 1,082 |
* | Bawan Co. | 263,458 | 868 |
* | Methanol Chemicals Co. | 471,260 | 840 |
1,899,095 | |||
South Africa (4.0%) | |||
Naspers Ltd. | 6,089,178 | 947,772 | |
AngloGold Ashanti Ltd. | 5,837,329 | 142,490 | |
^ | Standard Bank Group Ltd. | 17,955,761 | 99,075 |
FirstRand Ltd. | 44,624,021 | 97,392 | |
Gold Fields Ltd. | 11,651,018 | 86,726 | |
* | Sanlam Ltd. | 24,471,579 | 78,233 |
^ | MTN Group Ltd. | 25,217,519 | 66,268 |
* | Sibanye Stillwater Ltd. | 30,496,398 | 62,126 |
^ | Impala Platinum Holdings Ltd. | 10,322,944 | 61,569 |
Bid Corp. Ltd. | 4,679,908 | 60,990 | |
Vodacom Group Ltd. | 8,272,754 | 54,980 | |
Remgro Ltd. | 7,225,360 | 53,288 | |
Absa Group Ltd. | 10,112,464 | 49,907 | |
^ | Old Mutual Ltd. | 64,784,114 | 47,027 |
Anglo American Platinum Ltd. | 851,445 | 44,684 | |
Clicks Group Ltd. | 3,507,246 | 43,687 | |
Shoprite Holdings Ltd. | 6,836,452 | 39,575 | |
Bidvest Group Ltd. | 4,746,815 | 38,549 | |
* | Sasol Ltd. | 7,828,760 | 37,155 |
Capitec Bank Holdings Ltd. | 753,094 | 36,713 | |
* | Aspen Pharmacare Holdings Ltd. | 5,327,404 | 33,231 |
Nedbank Group Ltd. | 5,556,292 | 32,301 | |
Growthpoint Properties Ltd. | 42,078,006 | 31,595 | |
RMB Holdings Ltd. | 10,540,163 | 30,219 | |
* | MultiChoice Group | 5,958,738 | 27,928 |
Discovery Ltd. | 5,052,383 | 26,507 | |
SPAR Group Ltd. | 2,696,111 | 25,699 | |
Mr Price Group Ltd. | 3,489,318 | 24,860 | |
* | Northam Platinum Ltd. | 4,938,532 | 24,477 |
* | Harmony Gold Mining Co. Ltd. | 6,449,395 | 23,735 |
Tiger Brands Ltd. | 2,321,533 | 22,606 | |
NEPI Rockcastle plc | 5,027,293 | 21,513 | |
Woolworths Holdings Ltd. | 12,797,780 | 21,076 | |
^ | Exxaro Resources Ltd. | 3,497,340 | 20,303 |
PSG Group Ltd. | 2,306,671 | 19,701 | |
Life Healthcare Group Holdings Ltd. | 19,531,737 | 18,779 | |
AVI Ltd. | 4,356,481 | 18,442 | |
Netcare Ltd. | 20,158,568 | 16,907 | |
Pick n Pay Stores Ltd. | 4,727,627 | 14,811 | |
Rand Merchant Investment Holdings Ltd. | 10,350,592 | 14,016 | |
Kumba Iron Ore Ltd. | 727,346 | 13,689 | |
Momentum Metropolitan Holdings | 13,680,133 | 12,800 | |
Foschini Group Ltd. | 3,172,386 | 12,447 | |
Barloworld Ltd. | 3,035,443 | 11,136 |
68 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
African Rainbow Minerals Ltd. | 1,491,366 | 10,916 | |
Redefine Properties Ltd. | 80,549,017 | 9,915 | |
Truworths International Ltd. | 6,007,043 | 9,482 | |
* | Sappi Ltd. | 7,664,483 | 9,315 |
Investec Ltd. | 4,198,659 | 8,744 | |
Resilient REIT Ltd. | 4,387,673 | 8,496 | |
Santam Ltd. | 565,231 | 8,378 | |
Assore Ltd. | 470,892 | 7,999 | |
Fortress REIT Ltd. Class A | 14,310,686 | 7,842 | |
1 | Dis-Chem Pharmacies Ltd. | 5,784,301 | 6,866 |
Coronation Fund Managers Ltd. | 3,495,495 | 6,809 | |
JSE Ltd. | 1,145,688 | 6,394 | |
1 | Pepkor Holdings Ltd. | 9,643,967 | 6,296 |
Liberty Holdings Ltd. | 1,620,687 | 6,146 | |
AECI Ltd. | 1,495,461 | 5,995 | |
Astral Foods Ltd. | 554,524 | 5,773 | |
DRDGOLD Ltd. | 5,965,497 | 5,489 | |
Equites Property Fund Ltd. | 6,024,828 | 5,349 | |
Reunert Ltd. | 2,348,203 | 5,070 | |
Distell Group Holdings Ltd. | 1,131,129 | 4,823 | |
* | Ninety One Ltd. | 2,186,601 | 4,607 |
Telkom SA SOC Ltd. | 4,035,472 | 4,474 | |
Imperial Logistics Ltd. | 2,510,408 | 4,415 | |
* | Transaction Capital Ltd. | 5,300,077 | 4,335 |
KAP Industrial Holdings Ltd. | 37,894,708 | 4,109 | |
Motus Holdings Ltd. | 2,499,048 | 4,070 | |
Vukile Property Fund Ltd. | 13,500,787 | 3,955 | |
Hyprop Investments Ltd. | 3,676,172 | 3,778 | |
DataTec Ltd. | 2,861,244 | 3,766 | |
* | Super Group Ltd. | 4,851,774 | 3,653 |
Allied Electronics Corp. Ltd. | 3,258,041 | 3,609 | |
MAS Real Estate Inc. | 6,167,513 | 3,573 | |
Advtech Ltd. | 7,292,559 | 3,425 | |
Wilson Bayly Holmes-Ovcon Ltd. | 664,955 | 3,412 | |
Investec Property Fund Ltd. | 7,456,352 | 3,305 | |
* | Omnia Holdings Ltd. | 2,470,079 | 3,133 |
Attacq Ltd. | 10,219,739 | 2,967 | |
*,^ | Brait SE | 12,426,013 | 2,645 |
Peregrine Holdings Ltd. | 2,543,757 | 2,584 | |
Famous Brands Ltd. | 1,160,802 | 2,568 | |
Alexander Forbes Group Holdings Ltd. | 11,505,086 | 2,497 | |
SA Corporate Real Estate Ltd. | 35,964,486 | 2,325 | |
Fortress REIT Ltd. Class B | 18,331,336 | 2,307 | |
Cashbuild Ltd. | 282,850 | 2,298 | |
* | Metair Investments Ltd. | 2,697,746 | 2,160 |
Emira Property Fund Ltd. | 6,065,467 | 2,120 | |
Raubex Group Ltd. | 2,286,937 | 2,116 | |
*,^ | Massmart Holdings Ltd. | 1,544,224 | 2,060 |
* | Long4Life Ltd. | 10,663,095 | 1,588 |
Adcock Ingram Holdings Ltd. | 636,367 | 1,529 | |
* | Sun International Ltd. | 1,712,178 | 1,526 |
Epp NV | 5,370,879 | 1,507 | |
*,^ | Steinhoff International Holdings NV (XJSE) | 25,054,422 | 1,506 |
Curro Holdings Ltd. | 2,508,611 | 1,315 | |
* | PPC Ltd. | 19,431,920 | 1,299 |
Hudaco Industries Ltd. | 357,108 | 1,295 | |
Zeder Investments Ltd. | 11,964,879 | 1,259 | |
Grindrod Ltd. | 6,145,215 | 1,154 | |
Tsogo Sun Gaming Ltd. | 7,782,143 | 1,100 | |
* | Blue Label Telecoms Ltd. | 9,506,698 | 1,094 |
Lewis Group Ltd. | 1,127,248 | 960 | |
Murray & Roberts Holdings Ltd. | 3,192,672 | 944 | |
* | Nampak Ltd. | 9,873,138 | 887 |
* | Tsogo Sun Hotels Ltd. | 8,761,421 | 882 |
69 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Hosken Consolidated Investments Ltd. | 668,078 | 821 | |
City Lodge Hotels Ltd. | 381,149 | 566 | |
*,^ | EOH Holdings Ltd. | 1,589,368 | 327 |
Delta Property Fund Ltd. | 5,904,865 | 129 | |
Arrowhead Properties Ltd. Class B | 1,124,654 | 91 | |
* | Steinhoff International Holdings NV (XETR) | 1,075,902 | 66 |
2,925,192 | |||
Taiwan (16.0%) | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 219,280,785 | 2,212,061 | |
^ | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 24,087,313 | 1,279,759 |
Hon Hai Precision Industry Co. Ltd. | 168,733,761 | 433,640 | |
MediaTek Inc. | 20,904,630 | 288,660 | |
Formosa Plastics Corp. | 69,592,057 | 204,270 | |
Largan Precision Co. Ltd. | 1,450,076 | 197,665 | |
Nan Ya Plastics Corp. | 80,654,819 | 178,429 | |
CTBC Financial Holding Co. Ltd. | 258,394,062 | 172,192 | |
Uni-President Enterprises Corp. | 68,046,868 | 158,440 | |
Cathay Financial Holding Co. Ltd. | 117,365,826 | 156,603 | |
Mega Financial Holding Co. Ltd. | 155,156,503 | 156,077 | |
Fubon Financial Holding Co. Ltd. | 104,691,474 | 148,032 | |
E.Sun Financial Holding Co. Ltd. | 157,739,695 | 143,321 | |
Delta Electronics Inc. | 30,652,356 | 142,969 | |
Formosa Chemicals & Fibre Corp. | 48,857,449 | 123,757 | |
China Steel Corp. | 176,595,308 | 118,278 | |
Chunghwa Telecom Co. Ltd. | 30,049,663 | 110,445 | |
ASE Technology Holding Co. Ltd. | 48,087,723 | 107,126 | |
First Financial Holding Co. Ltd. | 142,232,939 | 104,751 | |
Taiwan Cement Corp. | 70,180,176 | 101,254 | |
Yuanta Financial Holding Co. Ltd. | 162,651,779 | 92,708 | |
Taiwan Cooperative Financial Holding Co. Ltd. | 134,970,533 | 90,634 | |
Chunghwa Telecom Co. Ltd. ADR | 2,320,840 | 85,430 | |
Hua Nan Financial Holdings Co. Ltd. | 130,794,475 | 84,962 | |
Hotai Motor Co. Ltd. | 4,543,154 | 83,881 | |
Taiwan Mobile Co. Ltd. | 23,276,941 | 83,869 | |
President Chain Store Corp. | 7,986,449 | 82,586 | |
Quanta Computer Inc. | 38,015,200 | 82,138 | |
Catcher Technology Co. Ltd. | 10,534,956 | 79,797 | |
Yageo Corp. | 5,584,169 | 72,250 | |
Shanghai Commercial & Savings Bank Ltd. | 46,611,350 | 68,639 | |
Asustek Computer Inc. | 9,953,937 | 67,285 | |
Chailease Holding Co. Ltd. | 17,506,435 | 66,513 | |
Pegatron Corp. | 28,800,213 | 63,185 | |
Taishin Financial Holding Co. Ltd. | 146,190,309 | 62,180 | |
SinoPac Financial Holdings Co. Ltd. | 152,539,618 | 62,086 | |
China Development Financial Holding Corp. | 202,632,653 | 61,310 | |
Chang Hwa Commercial Bank Ltd. | 90,143,879 | 58,948 | |
Formosa Petrochemical Corp. | 19,320,977 | 57,969 | |
Realtek Semiconductor Corp. | 6,734,959 | 57,674 | |
Accton Technology Corp. | 7,554,610 | 54,764 | |
Far EasTone Telecommunications Co. Ltd. | 23,197,035 | 51,666 | |
Win Semiconductors Corp. | 5,692,519 | 50,889 | |
Advantech Co. Ltd. | 5,366,504 | 50,758 | |
Far Eastern New Century Corp. | 58,155,963 | 50,501 | |
Novatek Microelectronics Corp. | 8,040,560 | 50,004 | |
Asia Cement Corp. | 33,980,510 | 49,921 | |
Walsin Technology Corp. | 6,918,521 | 48,998 | |
Shin Kong Financial Holding Co. Ltd. | 168,715,214 | 48,031 | |
Lite-On Technology Corp. | 30,647,084 | 47,624 | |
United Microelectronics Corp. | 81,084,270 | 41,950 | |
Airtac International Group | 2,116,581 | 40,561 | |
Globalwafers Co. Ltd. | 3,002,810 | 38,217 | |
Wistron Corp. | 40,541,535 | 38,018 | |
United Microelectronics Corp. ADR | 15,176,819 | 37,942 | |
Compal Electronics Inc. | 58,649,900 | 37,389 |
70 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Pou Chen Corp. | 38,517,021 | 36,271 | |
Taiwan High Speed Rail Corp. | 30,327,912 | 34,638 | |
Inventec Corp. | 43,875,966 | 34,474 | |
Hiwin Technologies Corp. | 3,612,949 | 34,461 | |
Silergy Corp. | 860,890 | 34,202 | |
Powertech Technology Inc. | 10,159,550 | 33,974 | |
Micro-Star International Co. Ltd. | 10,056,200 | 31,194 | |
Macronix International | 25,436,737 | 30,348 | |
Foxconn Technology Co. Ltd. | 15,726,663 | 30,197 | |
Cheng Shin Rubber Industry Co. Ltd. | 25,993,095 | 29,882 | |
Vanguard International Semiconductor Corp. | 12,868,640 | 29,855 | |
Zhen Ding Technology Holding Ltd. | 8,279,710 | 29,710 | |
Feng TAY Enterprise Co. Ltd. | 5,184,110 | 29,493 | |
Eclat Textile Co. Ltd. | 2,881,209 | 28,764 | |
* | China Life Insurance Co. Ltd. | 41,781,282 | 28,529 |
WPG Holdings Ltd. | 21,834,720 | 28,444 | |
Simplo Technology Co. Ltd. | 2,549,310 | 26,476 | |
Synnex Technology International Corp. | 19,777,800 | 26,395 | |
Unimicron Technology Corp. | 18,575,979 | 26,310 | |
Innolux Corp. | 119,915,372 | 26,046 | |
Chroma ATE Inc. | 5,632,280 | 25,954 | |
* | Wiwynn Corp. | 993,280 | 25,487 |
Giant Manufacturing Co. Ltd. | 4,276,423 | 25,208 | |
Tripod Technology Corp. | 7,032,040 | 24,847 | |
Nanya Technology Corp. | 11,480,878 | 24,645 | |
Chicony Electronics Co. Ltd. | 8,745,458 | 24,634 | |
Taiwan Business Bank | 67,248,947 | 24,361 | |
Parade Technologies Ltd. | 986,290 | 24,241 | |
Teco Electric and Machinery Co. Ltd. | 26,401,320 | 23,757 | |
AU Optronics Corp. | 88,882,549 | 23,374 | |
Acer Inc. | 41,662,897 | 23,066 | |
ITEQ Corp. | 4,700,445 | 22,689 | |
* | Tatung Co. Ltd. | 31,463,520 | 22,608 |
Sino-American Silicon Products Inc. | 7,549,742 | 22,300 | |
Compeq Manufacturing Co. Ltd. | 15,970,760 | 21,126 | |
Phison Electronics Corp. | 2,211,080 | 20,982 | |
Radiant Opto-Electronics Corp. | 6,237,751 | 20,472 | |
Winbond Electronics Corp. | 41,939,452 | 19,461 | |
Highwealth Construction Corp. | 13,232,656 | 19,309 | |
King Yuan Electronics Co. Ltd. | 15,970,280 | 19,143 | |
Genius Electronic Optical Co. Ltd. | 1,188,299 | 19,100 | |
Walsin Lihwa Corp. | 43,414,405 | 19,049 | |
ASPEED Technology Inc. | 481,010 | 19,021 | |
Poya International Co. Ltd. | 1,117,233 | 18,672 | |
Merida Industry Co. Ltd. | 3,508,526 | 17,918 | |
Epistar Corp. | 13,831,530 | 17,609 | |
Elite Material Co. Ltd. | 4,036,156 | 17,444 | |
Lien Hwa Industrial Holdings Corp. | 12,018,554 | 17,313 | |
Formosa Taffeta Co. Ltd. | 14,961,632 | 17,060 | |
Taiwan Fertilizer Co. Ltd. | 10,665,186 | 16,437 | |
Voltronic Power Technology Corp. | 687,252 | 16,314 | |
Ruentex Development Co. Ltd. | 10,938,180 | 16,279 | |
Chipbond Technology Corp. | 8,412,130 | 15,836 | |
Nien Made Enterprise Co. Ltd. | 2,048,560 | 15,719 | |
Standard Foods Corp. | 6,777,603 | 15,276 | |
Taiwan Union Technology Corp. | 3,344,052 | 15,076 | |
FLEXium Interconnect Inc. | 4,163,990 | 14,986 | |
Sinbon Electronics Co. Ltd. | 3,061,475 | 14,902 | |
King's Town Bank Co. Ltd. | 13,842,340 | 14,796 | |
United Integrated Services Co. Ltd. | 2,293,800 | 14,481 | |
E Ink Holdings Inc. | 13,157,440 | 13,566 | |
Nan Kang Rubber Tire Co. Ltd. | 10,089,390 | 13,508 | |
Great Wall Enterprise Co. Ltd. | 9,640,599 | 13,338 | |
ASMedia Technology Inc. | 478,857 | 13,304 |
71 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | Evergreen Marine Corp. Taiwan Ltd. | 35,883,897 | 13,283 |
Ruentex Industries Ltd. | 5,794,591 | 13,271 | |
Eternal Materials Co. Ltd. | 14,775,630 | 13,248 | |
International Games System Co. Ltd. | 710,300 | 13,227 | |
Taiwan Secom Co. Ltd. | 4,455,876 | 13,180 | |
Taichung Commercial Bank Co. Ltd. | 33,739,800 | 12,924 | |
Merry Electronics Co. Ltd. | 2,754,901 | 12,859 | |
Elan Microelectronics Corp. | 3,966,870 | 12,742 | |
IBF Financial Holdings Co. Ltd. | 34,725,424 | 12,724 | |
TA Chen Stainless Pipe | 14,134,601 | 12,557 | |
Taiwan Surface Mounting Technology Corp. | 4,141,110 | 12,422 | |
Gigabyte Technology Co. Ltd. | 7,059,850 | 12,225 | |
Mitac Holdings Corp. | 11,708,769 | 11,906 | |
Eva Airways Corp. | 30,636,760 | 11,782 | |
Qisda Corp. | 20,762,620 | 11,706 | |
Makalot Industrial Co. Ltd. | 2,738,266 | 11,659 | |
Lotes Co. Ltd. | 1,045,748 | 11,640 | |
Far Eastern Department Stores Ltd. | 14,990,878 | 11,589 | |
CTCI Corp. | 10,226,510 | 11,307 | |
Far Eastern International Bank | 31,690,369 | 11,279 | |
TCI Co. Ltd. | 1,474,549 | 11,264 | |
* | Fusheng Precision Co. Ltd. | 1,966,920 | 10,856 |
Capital Securities Corp. | 32,731,773 | 10,768 | |
Chilisin Electronics Corp. | 3,007,851 | 10,577 | |
Grape King Bio Ltd. | 1,585,529 | 10,501 | |
Huaku Development Co. Ltd. | 3,436,200 | 10,455 | |
Bizlink Holding Inc. | 1,600,128 | 10,426 | |
China Petrochemical Development Corp. | 37,973,730 | 10,248 | |
Global Unichip Corp. | 1,272,960 | 10,229 | |
Cheng Loong Corp. | 14,275,230 | 10,157 | |
^ | AU Optronics Corp. ADR | 3,940,089 | 10,087 |
HTC Corp. | 9,965,301 | 9,952 | |
Transcend Information Inc. | 4,184,069 | 9,881 | |
Hota Industrial Manufacturing Co. Ltd. | 3,088,962 | 9,706 | |
China Airlines Ltd. | 35,143,146 | 9,699 | |
eMemory Technology Inc. | 1,019,100 | 9,584 | |
General Interface Solution Holding Ltd. | 3,010,070 | 9,562 | |
King Slide Works Co. Ltd. | 918,000 | 9,547 | |
Clevo Co. | 8,654,000 | 9,530 | |
LandMark Optoelectronics Corp. | 991,470 | 9,255 | |
* | TaiMed Biologics Inc. | 2,843,090 | 9,162 |
Pixart Imaging Inc. | 1,550,680 | 9,076 | |
International CSRC Investment Holdings Co. | 12,443,270 | 8,771 | |
TXC Corp. | 4,054,630 | 8,739 | |
Sunny Friend Environmental Technology Co. Ltd. | 1,002,000 | 8,670 | |
Shin Zu Shing Co. Ltd. | 1,974,000 | 8,662 | |
Tong Yang Industry Co. Ltd. | 7,149,350 | 8,545 | |
Kinpo Electronics | 19,332,670 | 8,385 | |
Jentech Precision Industrial Co. Ltd. | 1,151,570 | 8,337 | |
Tong Hsing Electronic Industries Ltd. | 2,052,710 | 8,331 | |
Holy Stone Enterprise Co. Ltd. | 2,008,793 | 8,298 | |
Chong Hong Construction Co. Ltd. | 3,012,000 | 8,293 | |
ChipMOS Technologies Inc. | 8,104,148 | 8,284 | |
§ | Yageo Corp. GDR | 161,400 | 8,235 |
Wistron NeWeb Corp. | 3,951,787 | 8,225 | |
Sercomm Corp. | 3,276,600 | 8,188 | |
Goldsun Building Materials Co. Ltd. | 17,822,140 | 8,180 | |
YFY Inc. | 18,797,703 | 8,038 | |
Topco Scientific Co. Ltd. | 2,315,342 | 7,959 | |
Taiwan Paiho Ltd. | 3,428,140 | 7,857 | |
China Steel Chemical Corp. | 2,212,000 | 7,778 | |
St. Shine Optical Co. Ltd. | 664,000 | 7,742 | |
Getac Technology Corp. | 5,187,420 | 7,730 | |
Advanced Ceramic X Corp. | 732,105 | 7,629 |
72 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Yulon Finance Corp. | 2,271,500 | 7,627 | |
WT Microelectronics Co. Ltd. | 5,898,651 | 7,592 | |
Visual Photonics Epitaxy Co. Ltd. | 2,582,960 | 7,592 | |
Wafer Works Corp. | 6,942,281 | 7,541 | |
Tung Ho Steel Enterprise Corp. | 9,689,660 | 7,481 | |
Cheng Uei Precision Industry Co. Ltd. | 5,776,673 | 7,374 | |
Taiwan Hon Chuan Enterprise Co. Ltd. | 4,025,650 | 7,334 | |
Nan Ya Printed Circuit Board Corp. | 3,087,521 | 7,312 | |
momo.com Inc. | 452,000 | 7,289 | |
Yulon Motor Co. Ltd. | 12,541,544 | 7,263 | |
HannStar Display Corp. | 34,597,193 | 7,248 | |
Asia Optical Co. Inc. | 3,001,260 | 7,227 | |
Sitronix Technology Corp. | 1,474,070 | 7,167 | |
* | PharmaEssentia Corp. | 2,298,276 | 7,157 |
Primax Electronics Ltd. | 4,543,940 | 7,106 | |
Systex Corp. | 2,600,000 | 7,070 | |
Charoen Pokphand Enterprise | 3,321,676 | 7,005 | |
Taiwan Glass Industry Corp. | 23,285,290 | 7,001 | |
* | Alchip Technologies Ltd. | 708,463 | 6,898 |
TTY Biopharm Co. Ltd. | 2,892,160 | 6,862 | |
Coretronic Corp. | 6,352,900 | 6,769 | |
Sanyang Motor Co. Ltd. | 10,146,330 | 6,713 | |
Kinsus Interconnect Technology Corp. | 3,777,530 | 6,608 | |
Farglory Land Development Co. Ltd. | 4,568,550 | 6,556 | |
Cathay Real Estate Development Co. Ltd. | 9,875,984 | 6,536 | |
* | TPK Holding Co. Ltd. | 4,625,288 | 6,470 |
U-Ming Marine Transport Corp. | 6,490,108 | 6,418 | |
Advanced Wireless Semiconductor Co. | 2,131,266 | 6,415 | |
Wan Hai Lines Ltd. | 11,215,460 | 6,321 | |
* | XinTec Inc. | 2,294,225 | 6,232 |
Greatek Electronics Inc. | 4,108,000 | 6,231 | |
Sigurd Microelectronics Corp. | 5,094,546 | 6,203 | |
President Securities Corp. | 13,794,183 | 6,199 | |
Egis Technology Inc. | 970,100 | 6,150 | |
Center Laboratories Inc. | 3,784,017 | 6,077 | |
Foxsemicon Integrated Technology Inc. | 1,107,642 | 6,033 | |
Unitech Printed Circuit Board Corp. | 7,996,880 | 6,026 | |
* | OBI Pharma Inc. | 2,009,917 | 5,977 |
Arcadyan Technology Corp. | 2,179,219 | 5,867 | |
Everlight Electronics Co. Ltd. | 5,398,410 | 5,855 | |
Oriental Union Chemical Corp. | 10,272,582 | 5,796 | |
Shinkong Synthetic Fibers Corp. | 15,707,400 | 5,768 | |
Chunghwa Precision Test Tech Co. Ltd. | 262,153 | 5,676 | |
Lung Yen Life Service Corp. | 3,005,000 | 5,637 | |
* | Grand Pacific Petrochemical | 11,213,304 | 5,618 |
Sporton International Inc. | 837,459 | 5,526 | |
Longchen Paper & Packaging Co. Ltd. | 12,293,488 | 5,476 | |
Yieh Phui Enterprise Co. Ltd. | 18,234,928 | 5,447 | |
Ardentec Corp. | 6,192,522 | 5,427 | |
Cub Elecparts Inc. | 1,138,591 | 5,406 | |
A-DATA Technology Co. Ltd. | 2,851,000 | 5,396 | |
TSRC Corp. | 9,852,940 | 5,351 | |
* | Mercuries Life Insurance Co. Ltd. | 16,483,350 | 5,296 |
* | Brighton-Best International Taiwan Inc. | 6,116,000 | 5,293 |
YungShin Global Holding Corp. | 3,486,000 | 5,201 | |
* | AURAS Technology Co. Ltd. | 898,000 | 5,167 |
Chung-Hsin Electric & Machinery Manufacturing Corp. | 6,079,000 | 5,140 | |
Machvision Inc. | 447,231 | 5,006 | |
Aten International Co. Ltd. | 1,626,740 | 5,004 | |
* | United Renewable Energy Co. Ltd. | 28,433,470 | 4,987 |
Hannstar Board Corp. | 3,747,000 | 4,977 | |
Cleanaway Co. Ltd. | 948,000 | 4,960 | |
Wah Lee Industrial Corp. | 2,712,210 | 4,930 | |
Mercuries & Associates Holding Ltd. | 6,702,568 | 4,926 |
73 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Test Research Inc. | 2,835,660 | 4,911 | |
Asia Vital Components Co. Ltd. | 3,613,890 | 4,888 | |
Ennoconn Corp. | 748,021 | 4,840 | |
* | Via Technologies Inc. | 4,579,620 | 4,773 |
* | Fulgent Sun International Holding Co. Ltd. | 1,465,000 | 4,746 |
Chin-Poon Industrial Co. Ltd. | 5,523,890 | 4,742 | |
* | Innodisk Corp. | 762,000 | 4,734 |
* | Asia Pacific Telecom Co. Ltd. | 20,517,352 | 4,712 |
Career Technology MFG. Co. Ltd. | 4,967,178 | 4,675 | |
Prince Housing & Development Corp. | 13,763,270 | 4,663 | |
Namchow Holdings Co. Ltd. | 3,072,000 | 4,661 | |
USI Corp. | 11,124,861 | 4,627 | |
Dynapack International Technology Corp. | 1,939,000 | 4,616 | |
Faraday Technology Corp. | 3,188,000 | 4,583 | |
Elite Advanced Laser Corp. | 1,939,349 | 4,571 | |
Holtek Semiconductor Inc. | 2,043,483 | 4,537 | |
Soft-World International Corp. | 1,617,000 | 4,522 | |
* | PChome Online Inc. | 1,363,873 | 4,501 |
Chlitina Holding Ltd. | 674,000 | 4,423 | |
Kindom Development Co. Ltd. | 5,027,000 | 4,395 | |
Elite Semiconductor Memory Technology Inc. | 3,216,000 | 4,391 | |
Taiwan TEA Corp. | 9,148,000 | 4,380 | |
China Man-Made Fiber Corp. | 20,124,900 | 4,373 | |
Taiwan PCB Techvest Co. Ltd. | 3,863,000 | 4,354 | |
Syncmold Enterprise Corp. | 1,657,500 | 4,331 | |
* | Gold Circuit Electronics Ltd. | 3,921,090 | 4,309 |
Taiwan Styrene Monomer | 7,594,050 | 4,294 | |
Darfon Electronics Corp. | 3,452,000 | 4,288 | |
Formosa International Hotels Corp. | 903,000 | 4,260 | |
Supreme Electronics Co. Ltd. | 3,784,790 | 4,251 | |
Taiwan FamilyMart Co. Ltd. | 571,000 | 4,246 | |
China Motor Corp. | 3,988,844 | 4,233 | |
AcBel Polytech Inc. | 6,063,000 | 4,209 | |
Chaun-Choung Technology Corp. | 492,000 | 4,112 | |
TaiDoc Technology Corp. | 645,000 | 4,110 | |
Lite-On Semiconductor Corp. | 2,964,000 | 4,106 | |
TA-I Technology Co. Ltd. | 1,536,750 | 4,095 | |
Taiwan Semiconductor Co. Ltd. | 3,151,290 | 4,026 | |
Tainan Spinning Co. Ltd. | 13,110,000 | 4,015 | |
Hung Sheng Construction Ltd. | 6,761,330 | 4,007 | |
Pan-International Industrial Corp. | 6,312,000 | 4,003 | |
Global Mixed Mode Technology Inc. | 915,000 | 3,992 | |
* | Rexon Industrial Corp. Ltd. | 1,646,000 | 3,955 |
UPC Technology Corp. | 11,766,041 | 3,939 | |
BES Engineering Corp. | 16,343,000 | 3,892 | |
ScinoPharm Taiwan Ltd. | 3,986,576 | 3,867 | |
Ho Tung Chemical Corp. | 15,494,459 | 3,847 | |
Ginko International Co. Ltd. | 728,000 | 3,815 | |
Kinik Co. | 1,929,000 | 3,795 | |
YC INOX Co. Ltd. | 4,734,200 | 3,781 | |
* | CMC Magnetics Corp. | 14,254,950 | 3,741 |
Flytech Technology Co. Ltd. | 1,624,650 | 3,718 | |
China General Plastics Corp. | 6,111,499 | 3,710 | |
Pharmally International Holding Co. Ltd. | 677,856 | 3,692 | |
Pan Jit International Inc. | 4,505,740 | 3,667 | |
Wisdom Marine Lines Co. Ltd. | 4,355,844 | 3,663 | |
Gourmet Master Co. Ltd. | 1,136,469 | 3,649 | |
FocalTech Systems Co. Ltd. | 3,359,000 | 3,609 | |
Taiflex Scientific Co. Ltd. | 2,317,920 | 3,603 | |
Yungtay Engineering Co. Ltd. | 1,786,400 | 3,596 | |
Wei Chuan Foods Corp. | 4,910,600 | 3,580 | |
Ton Yi Industrial Corp. | 11,393,000 | 3,499 | |
OptoTech Corp. | 4,873,987 | 3,497 | |
Run Long Construction Co. Ltd. | 1,740,000 | 3,448 |
74 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Gloria Material Technology Corp. | 6,370,640 | 3,438 | |
* | Marketech International Corp. | 1,380,000 | 3,408 |
Zeng Hsing Industrial Co. Ltd. | 777,000 | 3,393 | |
* | Yang Ming Marine Transport Corp. | 14,979,725 | 3,393 |
Taiwan Cogeneration Corp. | 3,068,850 | 3,388 | |
Lealea Enterprise Co. Ltd. | 14,062,930 | 3,355 | |
Jih Sun Financial Holdings Co. Ltd. | 10,597,508 | 3,347 | |
Xxentria Technology Materials Corp. | 1,840,000 | 3,346 | |
SDI Corp. | 2,045,236 | 3,298 | |
Radium Life Tech Co. Ltd. | 9,324,760 | 3,286 | |
Sampo Corp. | 5,064,800 | 3,267 | |
Sonix Technology Co. Ltd. | 2,123,000 | 3,267 | |
Everlight Chemical Industrial Corp. | 6,884,200 | 3,244 | |
Test Rite International Co. Ltd. | 4,897,000 | 3,155 | |
Yulon Nissan Motor Co. Ltd. | 351,188 | 3,147 | |
Concraft Holding Co. Ltd. | 739,821 | 3,147 | |
* | Federal Corp. | 5,681,040 | 3,117 |
D-Link Corp. | 7,598,000 | 3,087 | |
* | Lotus Pharmaceutical Co. Ltd. | 1,239,000 | 3,086 |
Hsin Kuang Steel Co. Ltd. | 3,864,000 | 3,085 | |
Casetek Holdings Ltd. | 1,952,364 | 3,049 | |
Johnson Health Tech Co. Ltd. | 1,385,000 | 3,026 | |
Hu Lane Associate Inc. | 1,257,000 | 3,013 | |
* | Medigen Biotechnology Corp. | 1,688,000 | 3,004 |
* | HannsTouch Solution Inc. | 8,033,115 | 2,979 |
Nantex Industry Co. Ltd. | 2,937,000 | 2,975 | |
* | Ritek Corp. | 17,726,423 | 2,970 |
Firich Enterprises Co. Ltd. | 3,006,040 | 2,889 | |
* | Microbio Co. Ltd. | 4,422,000 | 2,879 |
Rechi Precision Co. Ltd. | 4,972,000 | 2,846 | |
Formosan Rubber Group Inc. | 4,658,135 | 2,802 | |
ITE Technology Inc. | 1,778,000 | 2,795 | |
* | Gemtek Technology Corp. | 3,989,000 | 2,763 |
* | Taiwan Land Development Corp. | 11,881,201 | 2,752 |
Alpha Networks Inc. | 3,710,000 | 2,736 | |
* | Orient Semiconductor Electronics Ltd. | 6,652,792 | 2,725 |
Swancor Holding Co. Ltd. | 1,117,000 | 2,705 | |
* | AmTRAN Technology Co. Ltd. | 10,479,000 | 2,691 |
Quanta Storage Inc. | 2,255,000 | 2,630 | |
Asia Polymer Corp. | 4,534,854 | 2,608 | |
* | Unizyx Holding Corp. | 4,946,000 | 2,598 |
WUS Printed Circuit Co. Ltd. | 2,526,840 | 2,574 | |
Depo Auto Parts Ind Co. Ltd. | 1,588,000 | 2,488 | |
IEI Integration Corp. | 2,104,920 | 2,477 | |
Taiyen Biotech Co. Ltd. | 2,362,000 | 2,466 | |
* | Roo Hsing Co. Ltd. | 7,928,000 | 2,457 |
Hong Pu Real Estate Development Co. Ltd. | 3,326,000 | 2,443 | |
Lextar Electronics Corp. | 4,121,663 | 2,411 | |
Posiflex Technology Inc. | 787,764 | 2,410 | |
Darwin Precisions Corp. | 6,023,900 | 2,358 | |
Ta Ya Electric Wire & Cable | 7,124,000 | 2,341 | |
Wowprime Corp. | 1,036,000 | 2,331 | |
KEE TAI Properties Co. Ltd. | 7,078,000 | 2,315 | |
* | Yeong Guan Energy Technology Group Co. Ltd. | 1,115,000 | 2,300 |
Cyberlink Corp. | 582,000 | 2,242 | |
* | Shining Building Business Co. Ltd. | 7,390,638 | 2,237 |
TYC Brother Industrial Co. Ltd. | 2,767,000 | 2,232 | |
Iron Force Industrial Co. Ltd. | 717,000 | 2,202 | |
CyberTAN Technology Inc. | 4,414,000 | 2,192 | |
PharmaEngine Inc. | 1,241,457 | 2,177 | |
* | Dynamic Electronics Co. Ltd. | 3,378,000 | 2,160 |
China Chemical & Pharmaceutical Co. Ltd. | 3,009,000 | 2,137 | |
China Metal Products | 2,519,000 | 2,128 | |
Rich Development Co. Ltd. | 6,708,000 | 2,092 |
75 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | CSBC Corp. Taiwan | 2,834,540 | 2,081 |
Li Cheng Enterprise Co. Ltd. | 1,919,452 | 2,060 | |
Adlink Technology Inc. | 921,895 | 2,044 | |
Brogent Technologies Inc. | 512,820 | 2,026 | |
L&K Engineering Co. Ltd. | 2,341,000 | 2,002 | |
Weltrend Semiconductor | 2,218,567 | 1,974 | |
Huang Hsiang Construction Corp. | 1,708,000 | 1,916 | |
Ichia Technologies Inc. | 4,266,000 | 1,915 | |
* | Newmax Technology Co. Ltd. | 1,058,000 | 1,873 |
Altek Corp. | 2,882,000 | 1,870 | |
Kung Long Batteries Industrial Co. Ltd. | 384,000 | 1,870 | |
Sunplus Technology Co. Ltd. | 5,292,000 | 1,869 | |
Global Brands Manufacture Ltd. | 3,915,000 | 1,856 | |
Basso Industry Corp. | 1,277,000 | 1,810 | |
* | Taigen Biopharmaceuticals Holdings Ltd. | 3,741,820 | 1,801 |
China Electric Manufacturing Corp. | 4,084,200 | 1,760 | |
Sinyi Realty Inc. | 1,982,541 | 1,756 | |
Globe Union Industrial Corp. | 3,939,000 | 1,740 | |
CHC Healthcare Group | 1,412,899 | 1,701 | |
* | AGV Products Corp. | 7,062,370 | 1,695 |
FSP Technology Inc. | 1,896,120 | 1,543 | |
Topkey Corp. | 415,000 | 1,540 | |
* | Silicon Integrated Systems Corp. | 3,998,468 | 1,538 |
* | Nichidenbo Corp. | 918,460 | 1,498 |
* | Tung Thih Electronic Co. Ltd. | 931,000 | 1,484 |
Ability Enterprise Co. Ltd. | 3,587,491 | 1,476 | |
Kuo Toong International Co. Ltd. | 2,543,514 | 1,470 | |
Evergreen International Storage & Transport Corp. | 3,303,000 | 1,461 | |
* | Etron Technology Inc. | 6,578,000 | 1,454 |
Li Peng Enterprise Co. Ltd. | 7,079,000 | 1,447 | |
Lingsen Precision Industries Ltd. | 4,338,000 | 1,441 | |
Tyntek Corp. | 3,254,000 | 1,388 | |
Senao International Co. Ltd. | 1,290,000 | 1,258 | |
Bank of Kaohsiung Co. Ltd. | 3,873,713 | 1,240 | |
Sincere Navigation Corp. | 2,377,240 | 1,175 | |
* | Elitegroup Computer Systems Co. Ltd. | 3,216,000 | 1,172 |
Infortrend Technology Inc. | 2,973,000 | 1,168 | |
Tong-Tai Machine & Tool Co. Ltd. | 2,617,000 | 1,161 | |
Jess-Link Products Co. Ltd. | 1,102,750 | 1,153 | |
Zinwell Corp. | 1,943,000 | 1,034 | |
Chung Hwa Pulp Corp. | 4,020,000 | 1,026 | |
* | Motech Industries Inc. | 5,585,883 | 1,012 |
* | ALI Corp. | 1,894,275 | 973 |
* | Gigasolar Materials Corp. | 316,000 | 971 |
* | Phihong Technology Co. Ltd. | 3,758,000 | 921 |
Sheng Yu Steel Co. Ltd. | 1,687,000 | 915 | |
Toung Loong Textile Manufacturing | 967,000 | 875 | |
* | Concord Securities Co. Ltd. | 3,186,253 | 746 |
*,§ | Unity Opto Technology Co. Ltd. | 5,295,000 | 734 |
* | Gigastorage Corp. | 2,155,864 | 719 |
Advanced International Multitech Co. Ltd. | 600,000 | 661 | |
Chia Hsin Cement Corp. | 1,099,000 | 632 | |
Vivotek Inc. | 260,349 | 625 | |
Nien Hsing Textile Co. Ltd. | 804,375 | 429 | |
Taiwan Sakura Corp. | 266,000 | 421 | |
*,§ | E-Ton Solar Tech Co. Ltd. | 843,673 | 42 |
*,§ | Green Energy Technology Inc. | 2,819,000 | 30 |
*,§ | Ya Hsin Industrial Co. Ltd. | 5,306,018 | — |
*,§ | Pihsiang Machinery Manufacturing Co. Ltd. | 2,219,000 | — |
*,§ | XPEC Entertainment Inc. | 988,965 | — |
11,761,857 | |||
Thailand (3.0%) | |||
PTT PCL (Foreign) | 200,188,215 | 218,578 | |
CP ALL PCL (Foreign) | 74,488,021 | 162,825 |
76 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Airports of Thailand PCL (Foreign) | 61,949,844 | 118,159 | |
Advanced Info Service PCL (Foreign) | 15,795,506 | 96,209 | |
Bangkok Dusit Medical Services PCL | 126,663,445 | 80,571 | |
Siam Cement PCL NVDR | 6,822,296 | 72,469 | |
Gulf Energy Development PCL | 55,994,505 | 66,654 | |
Siam Commercial Bank PCL (Foreign) | 29,179,190 | 60,943 | |
Siam Cement PCL (Foreign) | 5,260,488 | 55,879 | |
* | Central Pattana PCL | 36,247,924 | 53,670 |
PTT Exploration & Production PCL (Foreign) | 19,433,284 | 50,162 | |
Kasikornbank PCL (Foreign) | 18,591,835 | 48,850 | |
Intouch Holdings PCL NVDR | 28,252,117 | 46,294 | |
Charoen Pokphand Foods PCL (Foreign) | 54,166,617 | 44,870 | |
*,^ | BTS Group Holdings PCL | 116,776,535 | 41,258 |
Digital Telecommunications Infrastructure Fund | 75,940,213 | 37,118 | |
Electricity Generating PCL (Foreign) | 3,837,911 | 33,573 | |
Home Product Center PCL | 79,948,784 | 33,379 | |
*,^ | Minor International PCL (Foreign) | 51,257,565 | 33,125 |
PTT Global Chemical PCL | 27,981,079 | 32,210 | |
Bangkok Expressway & Metro PCL | 106,151,322 | 30,666 | |
Energy Absolute PCL | 23,304,296 | 28,582 | |
^ | Indorama Ventures PCL | 30,146,735 | 26,367 |
Krung Thai Bank PCL (Foreign) | 69,622,796 | 23,405 | |
^ | Global Power Synergy PCL | 10,784,440 | 23,298 |
Ratch Group PCL NVDR | 10,968,568 | 22,433 | |
Bangkok Bank PCL (Local) | 6,937,386 | 22,055 | |
Land & Houses PCL | 89,285,680 | 20,175 | |
Osotspa PCL | 14,952,400 | 19,023 | |
CPN Retail Growth Leasehold REIT (Foreign) | 20,503,900 | 18,798 | |
Thai Oil PCL (Foreign) | 14,316,755 | 17,910 | |
*,^ | Krungthai Card PCL | 16,956,431 | 17,666 |
Berli Jucker PCL | 14,117,890 | 17,563 | |
* | Asset World Corp. PCL | 103,642,700 | 17,311 |
Kasikornbank PCL | 6,526,675 | 17,111 | |
Bumrungrad Hospital PCL (Foreign) | 4,582,874 | 16,498 | |
Thai Union Frozen Products PCL (Foreign) | 40,511,579 | 16,343 | |
Jasmine Broadband Internet Infrastructure Fund | 53,824,237 | 15,258 | |
TMB Bank PCL | 509,930,800 | 14,950 | |
True Corp. PCL | 144,410,588 | 14,741 | |
^ | Srisawad Corp. PCL | 8,533,503 | 14,092 |
B Grimm Power PCL | 10,200,247 | 13,989 | |
* | Muangthai Capital PCL | 9,287,445 | 13,510 |
^ | Thanachart Capital PCL | 11,873,556 | 13,393 |
*,^ | Total Access Communication PCL NVDR | 10,107,145 | 13,080 |
IRPC PCL (Foreign) | 141,071,214 | 11,548 | |
Thailand Future Fund | 32,767,300 | 11,130 | |
* | Tisco Financial Group PCL (Foreign) | 4,874,468 | 10,942 |
^ | Banpu PCL | 59,094,955 | 10,501 |
Kiatnakin Bank PCL | 8,011,870 | 10,325 | |
Delta Electronics Thailand PCL | 6,934,300 | 9,515 | |
BTS Rail Mass Transit Growth Infrastructure Fund | 39,586,273 | 9,500 | |
^ | Siam Global House PCL | 21,344,378 | 8,800 |
Siam Commercial Bank PCL | 4,158,020 | 8,684 | |
Carabao Group PCL | 3,551,605 | 8,600 | |
^ | Bangchak Corp. PCL | 15,114,066 | 8,596 |
Supalai PCL | 18,148,685 | 8,309 | |
^ | Vgi PCL | 31,765,500 | 8,083 |
TTW PCL | 19,486,934 | 8,054 | |
^ | TOA Paint Thailand PCL | 6,805,534 | 7,794 |
Hana Microelectronics PCL (Foreign) | 8,530,483 | 7,596 | |
^ | WHA Corp. PCL | 88,481,606 | 7,369 |
*,^ | Tisco Financial Group PCL | 3,244,993 | 7,284 |
WHA Premium Growth Freehold & Leasehold Real Estate InvestmentTrust | 14,364,500 | 7,061 | |
^ | Bangkok Chain Hospital PCL | 15,842,245 | 6,620 |
Krung Thai Bank PCL NVDR | 19,542,000 | 6,569 |
77 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
^ | Central Plaza Hotel PCL | 9,431,813 | 6,260 |
^ | Sino-Thai Engineering & Construction PCL | 13,171,663 | 6,245 |
^ | CH Karnchang PCL | 11,585,063 | 6,050 |
* | CK Power PCL | 47,984,472 | 5,570 |
^ | Jasmine International PCL | 45,091,055 | 5,496 |
^ | Siam City Cement PCL (Foreign) | 1,483,406 | 5,442 |
Chularat Hospital PCL | 71,998,346 | 5,439 | |
Bangkok Land PCL | 162,642,478 | 5,333 | |
Asian Property Development PCL (Foreign) | 33,660,142 | 5,189 | |
AEON Thana Sinsap Thailand PCL | 1,269,900 | 5,124 | |
Tipco Asphalt PCL | 9,340,730 | 5,122 | |
^ | KCE Electronics PCL | 9,507,514 | 5,108 |
*,§ | Pruksa Real Estate PCL | 11,775,000 | 4,884 |
^ | Quality Houses PCL | 75,844,451 | 4,843 |
Mbk PCL | 9,702,722 | 4,731 | |
^ | North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT | 12,455,800 | 4,653 |
Thai Vegetable Oil PCL | 5,955,811 | 4,487 | |
* | Gunkul Engineering PCL | 52,844,066 | 4,261 |
Sri Trang Agro-Industry PCL | 10,551,361 | 4,206 | |
TPI Polene PCL | 112,723,461 | 4,166 | |
Intouch Holdings PCL (Foreign) | 2,385,688 | 3,909 | |
*,^ | Thai Airways International PCL (Foreign) | 17,131,868 | 3,889 |
^ | Star Petroleum Refining PCL | 21,517,568 | 3,856 |
^ | Banpu Power PCL | 7,718,739 | 3,696 |
Major Cineplex Group PCL | 8,248,997 | 3,691 | |
TPI Polene Power PCL | 30,597,400 | 3,688 | |
^ | Bangkok Life Assurance PCL (Foreign) | 7,750,866 | 3,683 |
Spcg PCL | 6,739,404 | 3,598 | |
Frasers Property Thailand Industrial Freehold & Leasehold REIT (Foreign) | 7,343,969 | 3,531 | |
^ | Amata Corp. PCL | 9,009,277 | 3,510 |
Sansiri PCL (Foreign) | 150,163,006 | 3,259 | |
MK Restaurants Group PCL | 1,889,900 | 3,183 | |
Super Energy Corp. PCL | 172,108,819 | 3,055 | |
^ | Esso Thailand PCL | 18,145,473 | 3,006 |
Siam Makro PCL | 2,556,500 | 2,815 | |
^ | Thaifoods Group PCL | 23,626,175 | 2,771 |
Pruksa Holding PCL | 7,867,130 | 2,628 | |
Bcpg PCL | 5,165,782 | 2,563 | |
^ | Gfpt PCL | 7,056,596 | 2,454 |
^ | PTG Energy PCL | 5,497,746 | 2,323 |
*,^ | BEC World PCL (Foreign) | 14,983,427 | 2,285 |
^ | Italian-Thai Development PCL | 54,692,631 | 2,279 |
Thoresen Thai Agencies PCL | 24,548,787 | 2,248 | |
Bangkok Airways PCL | 12,190,224 | 2,222 | |
*,^ | U City PCL | 51,393,469 | 2,091 |
Plan B Media PCL | 13,437,700 | 2,036 | |
^ | Com7 PCL | 3,068,600 | 2,023 |
^ | Unique Engineering & Construction PCL | 10,411,109 | 1,966 |
^ | Taokaenoi Food & Marketing PCL | 8,517,781 | 1,883 |
^ | LPN Development PCL | 16,412,497 | 1,803 |
Univentures PCL | 15,102,951 | 1,517 | |
^ | Ratchthani Leasing PCL | 12,236,000 | 1,489 |
^ | Samart Corp. PCL | 9,072,220 | 1,406 |
* | TQM Corp. PCL (Foreign) | 5 | 1,267 |
^ | Thaicom PCL | 10,404,485 | 1,217 |
^ | Workpoint Entertainment PCL | 3,746,734 | 1,168 |
* | Precious Shipping PCL | 9,666,063 | 1,136 |
Origin Property PCL | 7,747,819 | 1,076 | |
^ | Beauty Community PCL | 18,407,896 | 1,021 |
*,^ | Group Lease PCL (Foreign) | 10,526,224 | 1,007 |
Land & Houses PCL (Foreign) | 3,751,584 | 848 | |
Cal-Comp Electronics Thailand PCL | 11,861,375 | 530 | |
Thonburi Healthcare Group PCL | 741,100 | 456 | |
^ | Bangkok Life Assurance PCL | 907,568 | 431 |
78 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
* | BTS Group Holdings PCL Warrants Exp. 12/31/2021 | 12,430,793 | 376 |
*,^ | Group Lease PCL NVDR | 2,827,000 | 270 |
* | Minor International PCL Warrants Exp. 12/31/2021 | 2,740,538 | 190 |
^ | Maybank Kim Eng Securities Thailand PCL | 563,800 | 114 |
Ratch Group PCL (Foreign) | 34,004 | 70 | |
* | Samart Corp. PCL Warrants Exp. 05/08/2021 | 3,873,466 | 50 |
Bangkok Bank PCL (Foreign) | 15,755 | 50 | |
* | Super Energy Corp. PCL Warrants Exp. 08/30/2020 | 44,649,180 | 14 |
* | Group Lease PCL (XBKK) | 12,725 | 1 |
* | Thaifoods Group PCL Warrants Exp. 05/18/2020 | 1,806,270 | — |
2,242,150 | |||
Turkey (0.6%) | |||
BIM Birlesik Magazalar AS | 6,238,680 | 49,537 | |
* | Turkiye Garanti Bankasi AS | 29,158,583 | 34,813 |
* | Akbank TAS | 37,087,636 | 31,309 |
Turkcell Iletisim Hizmetleri AS | 15,038,827 | 29,960 | |
KOC Holding AS | 12,209,216 | 26,790 | |
* | Tupras Turkiye Petrol Rafinerileri AS | 1,715,992 | 22,284 |
Eregli Demir ve Celik Fabrikalari TAS | 19,028,460 | 21,938 | |
Aselsan Elektronik Sanayi Ve Ticaret AS | 4,110,274 | 15,990 | |
Haci Omer Sabanci Holding AS (Bearer) | 12,431,937 | 14,525 | |
* | Turkiye Is Bankasi AS | 19,949,779 | 14,161 |
* | Turk Hava Yollari AO | 7,048,084 | 10,783 |
* | Turkiye Vakiflar Bankasi TAO | 14,512,634 | 9,414 |
Ford Otomotiv Sanayi AS | 948,667 | 8,561 | |
* | Yapi ve Kredi Bankasi AS | 26,931,481 | 8,108 |
Enka Insaat ve Sanayi AS | 9,217,903 | 7,986 | |
* | Turk Telekomunikasyon AS | 7,544,072 | 7,970 |
* | Ulker Biskuvi Sanayi AS | 2,287,603 | 7,765 |
Anadolu Efes Biracilik Ve Malt Sanayii AS | 2,897,289 | 7,601 | |
* | Petkim Petrokimya Holding AS | 14,452,510 | 7,345 |
* | Turkiye Halk Bankasi AS | 8,989,268 | 6,692 |
* | Koza Altin Isletmeleri AS | 654,541 | 6,671 |
TAV Havalimanlari Holding AS | 2,520,308 | 6,565 | |
Turkiye Sise ve Cam Fabrikalari AS | 9,111,782 | 6,330 | |
* | Sok Marketler Ticaret AS | 3,745,557 | 5,876 |
Tofas Turk Otomobil Fabrikasi AS | 1,813,367 | 5,794 | |
* | Arcelik AS | 2,448,362 | 5,747 |
Coca-Cola Icecek AS | 976,612 | 5,167 | |
* | Tekfen Holding AS | 2,513,648 | 5,131 |
* | Koza Anadolu Metal Madencilik Isletmeleri AS | 2,839,486 | 4,664 |
Soda Sanayii AS | 5,397,461 | 4,516 | |
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 23,702,559 | 4,232 | |
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS | 12,410,994 | 3,909 | |
* | Pegasus Hava Tasimaciligi AS | 505,273 | 3,831 |
1 | Enerjisa Enerji AS | 3,366,640 | 3,708 |
* | Dogan Sirketler Grubu Holding AS | 14,256,775 | 3,675 |
AG Anadolu Grubu Holding AS | 1,416,585 | 3,366 | |
*,1 | Mavi Giyim Sanayi Ve Ticaret AS | 469,784 | 2,791 |
* | Migros Ticaret AS | 632,203 | 2,672 |
Sasa Polyester Sanayi AS | 2,046,943 | 2,559 | |
* | Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS | 1,451,151 | 2,550 |
* | Bera Holding AS | 4,583,223 | 2,539 |
* | Turkiye Sinai Kalkinma Bankasi AS | 16,420,291 | 2,422 |
*,1 | MLP Saglik Hizmetleri AS | 1,033,699 | 2,230 |
Trakya Cam Sanayii AS | 4,788,345 | 2,215 | |
* | Gubre Fabrikalari TAS | 954,707 | 2,189 |
* | Vestel Elektronik Sanayi ve Ticaret AS | 1,056,753 | 1,989 |
* | Is Gayrimenkul Yatirim Ortakligi AS | 8,868,829 | 1,967 |
Iskenderun Demir ve Celik AS | 1,986,681 | 1,958 | |
Turk Traktor ve Ziraat Makineleri AS | 238,357 | 1,947 | |
Aksigorta AS | 2,165,685 | 1,852 | |
* | Aksa Enerji Uretim AS Class B | 3,336,825 | 1,819 |
* | Logo Yazilim Sanayi Ve Ticaret AS | 156,776 | 1,661 |
79 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||
Value | |||
Shares | ($000) | ||
Otokar Otomotiv Ve Savunma Sanayi AS | 89,952 | 1,608 | |
Aygaz AS | 1,088,427 | 1,607 | |
* | Yatas Yatak ve Yorgan Sanayi ve Ticaret AS | 1,656,618 | 1,566 |
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS | 1,818,988 | 1,241 | |
Aksa Akrilik Kimya Sanayii AS | 1,216,185 | 1,104 | |
Kordsa Teknik Tekstil AS | 662,121 | 1,072 | |
* | EGE Endustri VE Ticaret AS | 13,412 | 1,055 |
Anadolu Cam Sanayii AS | 1,671,735 | 986 | |
* | Torunlar Gayrimenkul Yatirim Ortakligi AS | 2,914,254 | 976 |
* | Albaraka Turk Katilim Bankasi AS | 5,303,611 | 965 |
Dogus Otomotiv Servis ve Ticaret AS | 608,856 | 921 | |
Akcansa Cimento AS | 744,618 | 895 | |
* | Alarko Holding AS | 1,359,878 | 883 |
* | Cimsa Cimento Sanayi VE Ticaret AS | 732,267 | 815 |
Polisan Holding AS | 2,218,841 | 784 | |
* | Zorlu Enerji Elektrik Uretim AS | 3,994,065 | 722 |
* | Sekerbank Turk AS | 4,862,986 | 695 |
Tat Gida Sanayi AS | 593,638 | 649 | |
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class A | 1,774,985 | 573 | |
Adana Cimento Sanayii TAS Class A | 347,272 | 479 | |
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS | 296,709 | 399 | |
* | NET Holding AS | 978,177 | 299 |
* | Konya Cimento Sanayii AS | 4,239 | 155 |
*,§ | Asya Katilim Bankasi AS | 6,317,442 | — |
478,523 | |||
United Arab Emirates (0.8%) | |||
First Abu Dhabi Bank PJSC | 62,121,257 | 193,714 | |
Emirates Telecommunications Group Co. PJSC | 25,003,435 | 105,073 | |
Abu Dhabi Commercial Bank PJSC | 37,504,933 | 45,075 | |
DP World plc | 2,332,129 | 37,241 | |
Emaar Properties PJSC | 50,442,038 | 36,993 | |
Aldar Properties PJSC | 56,646,058 | 27,651 | |
Dubai Islamic Bank PJSC | 24,075,777 | 24,017 | |
Abu Dhabi Islamic Bank PJSC | 11,899,767 | 11,567 | |
Air Arabia PJSC | 34,134,185 | 10,550 | |
Emaar Malls PJSC | 29,832,429 | 10,396 | |
* | Dubai Investments PJSC | 27,648,724 | 8,965 |
* | Dana Gas PJSC | 44,310,202 | 8,837 |
Emaar Development PJSC | 12,127,904 | 7,552 | |
* | GFH FINANCIAL GROUP BSC | 33,585,781 | 5,457 |
Dubai Financial Market PJSC | 24,878,403 | 4,956 | |
* | DAMAC Properties Dubai Co. PJSC | 26,245,948 | 4,394 |
Arabtec Holding PJSC | 12,118,893 | 2,320 | |
* | Union Properties PJSC | 22,616,760 | 1,872 |
* | DXB Entertainments PJSC | 43,513,730 | 1,850 |
RAK Properties PJSC | 18,311,383 | 1,841 | |
* | Eshraq Investments PJSC | 21,838,704 | 1,711 |
* | Deyaar Development PJSC | 19,868,404 | 1,554 |
*,§ | Drake & Scull International PJSC | 4,230,859 | 426 |
554,012 | |||
Total Common Stocks (Cost $72,455,678) | 72,887,141 |
80 |
Vanguard® Emerging Markets Stock Index Fund
Schedule of Investments
April 30, 2020
Market | |||||
Value | |||||
Coupon | Shares | ($000) | |||
Temporary Cash Investments (1.6%) | |||||
Money Market Fund (1.5%) | |||||
2,3 | Vanguard Market Liquidity Fund | 0.522% | 10,992,386 | 1,099,239 |
Face | |||||
Maturity | Amount | ||||
Date | ($000) | ||||
U.S. Government and Agency Obligations (0.1%) | |||||
4 | United States Cash Management Bill | 0.100%—0.103% | 7/14/20 | 22,000 | 21,995 |
United States Cash Management Bill | 0.116% | 9/29/20 | 39,000 | 38,980 | |
4 | United States Treasury Bill | 0.087% | 9/24/20 | 9,000 | 8,995 |
4 | United States Treasury Bill | 0.120% | 7/30/20 | 5,000 | 4,999 |
4 | United States Treasury Bill | 1.551% | 5/21/20 | 19,500 | 19,499 |
4 | United States Treasury Bill | 1.128% | 6/4/20 | 17,000 | 16,998 |
111,466 | |||||
Total Temporary Cash Investments (Cost $1,210,289) | 1,210,705 | ||||
Total Investments (100.6%) (Cost $73,665,967) | 74,097,846 | ||||
Other Assets and Liabilities—Net (-0.6%)3,4 | (459,865) | ||||
Net Assets (100%) | 73,637,981 |
Cost Rounded to $000.
* | Non-income-producing security. |
^ | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $676,775,000. |
§ | Security value determined using significant unobservable inputs. |
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 April 30, 2020, the aggregate value of these securities was $2,193,145,000, representing 3.0% of net assets. |
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 $733,151,000 was received for securities on loan, of which $732,286,000 is held in Vanguard Market Liquidity Fund and $865,000 is held in cash. |
4 | Securities with a value of $72,496,000 and cash of $13,348,000 have been segregated as initial margin for open futures contracts. |
ADR—American Depositary Receipt.
GDR—Global Depositary Receipt.
NVDR—Non-Voting Depository Receipt.
REIT—Real Estate Investment Trust.
81 |
© 2020 The Vanguard Group, Inc. All rights reserved. | |
Vanguard Marketing Corporation, Distributor. | |
SNA5332 062020 |
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a) | Certifications. |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: June 18, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: June 18, 2020
VANGUARD INTERNATIONAL EQUITY INDEX FUNDS
BY: /s/ JOHN BENDL*
___________________________
JOHN BENDL
CHIEF FINANCIAL OFFICER
Date: June 18, 2020
* By: /s/ Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on January 18, 2018 (see file Number 33-32216) and a Power of Attorney filed on October 30, 2019 (see file Number 811-02554), Incorporated by Reference.