Vanguard® Advice Select Global Value Fund
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov. 
 
 
 
 
 
Shares
Market
Value
($000)
Common Stocks (97.9%)
Australia (1.3%)
*
James Hardie Industries plc ADR
970,119
25,504
Canada (3.6%)
 
Canadian National Railway Co.
163,684
20,822
 
National Bank of Canada
119,649
19,353
 
Canadian Natural Resources Ltd.
347,167
16,553
 
Nutrien Ltd.
164,203
11,342
 
 
 
 
 
68,070
China (3.9%)
 
Tencent Holdings Ltd.
447,346
27,334
 
Alibaba Group Holding Ltd. ADR
155,645
19,028
 
Yum China Holdings Inc.
312,339
15,048
 
ANTA Sports Products Ltd.
1,244,200
12,522
 
 
 
 
 
73,932
Finland (0.4%)
 
Stora Enso OYJ
716,255
8,237
France (2.1%)
 
Accor SA
324,771
16,890
 
Societe Generale SA
125,247
11,773
 
Engie SA
342,499
10,676
 
 
 
 
 
39,339
Germany (0.3%)
 
CTS Eventim AG & Co. KGaA
79,299
5,350
Hong Kong (1.6%)
 
AIA Group Ltd.
1,938,800
19,545
 
Techtronic Industries Co. Ltd.
625,439
10,507
 
 
 
 
 
30,052
India (1.1%)
 
HDFC Bank Ltd. ADR
502,116
12,016
1
Reliance Industries Ltd. GDR
150,442
8,257
 
 
 
 
 
20,273
Ireland (1.7%)
 
Bank of Ireland Group plc
942,382
19,658
*
ICON plc
81,678
13,360
 
 
 
 
 
33,018
Italy (1.5%)
 
FinecoBank Banca Fineco SpA
1,027,885
28,161
Japan (8.5%)
 
Tokyo Electron Ltd.
67,900
22,701
 
Shin-Etsu Chemical Co. Ltd.
587,086
20,930
*
Rakuten Group Inc.
3,307,576
17,246
 
NEC Corp.
572,600
17,017
 
Chiba Bank Ltd.
985,152
16,014
 
East Japan Railway Co.
679,900
15,644
 
Japan Airlines Co. Ltd.
722,800
13,332
 
FANUC Corp.
329,600
13,281
 
MISUMI Group Inc.
487,135
11,589
 
Chubu Electric Power Co. Inc.
497,700
8,618
 
Nintendo Co. Ltd.
101,000
4,818
 
 
 
 
 
161,190
Mexico (0.7%)
 
Wal-Mart de Mexico SAB de CV
4,252,500
12,338
Netherlands (1.8%)
 
ASML Holding NV (Registered) ADR
21,062
34,310
 
 
 
 
 
Shares
Market
Value
($000)
Russia (0.0%)
*,2
Sberbank of Russia PJSC
37,200
—
Singapore (1.6%)
 
DBS Group Holdings Ltd.
518,060
29,890
South Korea (1.2%)
 
KT Corp. ADR
637,772
11,538
 
Hyundai Rotem Co. Ltd.
115,767
10,758
 
 
 
 
 
22,296
Taiwan (3.6%)
 
Taiwan Semiconductor Manufacturing Co. Ltd. ADR
108,920
44,031
 
MediaTek Inc.
226,272
24,104
 
 
 
 
 
68,135
United Kingdom (6.8%)
 
Haleon plc
5,462,074
26,740
 
Unilever plc
386,743
24,607
 
Admiral Group plc
373,290
18,923
 
AstraZeneca plc
104,843
17,835
 
Smiths Group plc
435,584
15,555
 
ICG plc
549,820
14,038
 
Prudential plc
781,167
11,740
 
 
 
 
 
129,438
United States (56.2%)
 
Microsoft Corp.
147,813
68,692
*
Amazon.com Inc.
227,110
61,679
 
Broadcom Inc.
90,497
35,229
 
Intercontinental Exchange Inc.
211,464
32,244
 
Alphabet Inc. Class A
87,480
31,154
 
Reliance Inc.
71,388
28,991
 
Merck & Co. Inc.
217,606
28,332
 
Cencora Inc.
86,742
27,006
 
General Motors Co.
288,109
25,601
 
SLB Ltd.
477,314
23,670
 
Raymond James Financial Inc.
133,070
23,418
 
KKR & Co. Inc.
229,879
23,317
*
Boeing Co.
98,527
21,296
 
Dick's Sporting Goods Inc.
108,196
21,197
 
STERIS plc
92,499
21,127
 
Sempra
236,878
20,976
*
Airbnb Inc. Class A
135,146
20,477
 
NVIDIA Corp.
101,861
20,449
 
Agilent Technologies Inc.
145,807
20,175
 
Pinnacle Financial Partners Inc.
190,925
20,091
 
Freeport-McMoRan Inc.
320,159
20,052
 
Prologis Inc.
138,520
20,031
*
Dynatrace Inc.
439,332
19,471
 
Emerson Electric Co.
125,597
18,817
*
Waters Corp.
49,005
18,490
*
CACI International Inc. Class A
37,106
18,470
 
Morgan Stanley
86,557
18,213
 
Northrop Grumman Corp.
32,940
17,869
 
Dover Corp.
87,308
17,865
 
PACCAR Inc.
126,350
16,764
 
NXP Semiconductors NV
72,763
16,674
 
Roper Technologies Inc.
42,175
16,531
 
Walt Disney Co.
169,682
16,322
 
TransUnion
205,438
16,152
 
Tradeweb Markets Inc. Class A
153,841
15,461
 
Keurig Dr Pepper Inc.
443,586
13,804
 
UnitedHealth Group Inc.
32,169
13,331
 
Williams Cos. Inc.
173,462
12,409
 
Morningstar Inc.
63,942
12,313
 
Kroger Co.
211,455
12,209
*
EchoStar Corp. Class A
140,660
11,828
*
Zscaler Inc.
74,989
11,338
*
MACOM Technology Solutions Holdings Inc.
41,793
10,508
 
Ally Financial Inc.
242,053
10,488
 
 
 
 
 
Shares
Market
Value
($000)
*
Cooper Cos. Inc.
144,686
10,464
 
Wells Fargo & Co.
119,947
10,369
 
Equinix Inc.
9,962
10,154
 
Becton Dickinson & Co.
59,641
9,878
 
Tyson Foods Inc. Class A
161,068
9,336
 
CMS Energy Corp.
129,112
9,295
 
Diamondback Energy Inc.
44,184
8,967
 
MetLife Inc.
84,612
8,134
 
Constellation Brands Inc. Class A
62,429
8,130
*
Builders FirstSource Inc.
116,819
7,761
 
UDR Inc.
182,253
6,955
 
M&T Bank Corp.
28,105
6,922
 
Deere & Co.
10,689
6,335
 
HCA Healthcare Inc.
8,939
3,599
 
 
 
 
 
1,066,830
Total Common Stocks (Cost $1,563,474)
1,856,363
 
 
 
Coupon
 
Temporary Cash Investments (2.4%)
Money Market Fund (2.4%)
3
Vanguard Market Liquidity Fund
(Cost $46,779)
3.718%
 
467,837
46,779
Total Investments (100.3%) (Cost $1,610,253)
1,903,142
Other Assets and Liabilities—Net (-0.3%)
(6,363
)
Net Assets (100%)
1,896,779
 
Cost is in $000.
*
Non-income-producing security.
1
Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified
institutional buyers. At July 31, 2026, the aggregate value was $8,257, representing 0.4% of net assets.
2
Security value determined using significant unobservable inputs.
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.
 
 
ADR—American Depositary Receipt.
 
GDR—Global Depositary Receipt.
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the
valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board
of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a
fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. 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 as of July 31, 2026, based on the inputs used to value them: 
 
Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments
 
 
 
 
Assets
Common Stocks—North and South America
1,147,238
—
—
1,147,238
Common Stocks—Other
174,835
534,290
—
709,125
Temporary Cash Investments
46,779
—
—
46,779
Total
1,368,852
534,290
—
1,903,142