Vanguard® Advice Select International Growth 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 (98.2%)
Brazil (3.7%)
*
NU Holdings Ltd. Class A
3,324,826
47,645
Canada (3.5%)
*
Shopify Inc. Class A
386,583
45,288
China (12.3%)
 
Tencent Holdings Ltd.
724,700
44,281
*,1
Meituan Class B
2,834,350
33,464
 
BYD Co. Ltd. Class H
2,617,900
31,297
*
PDD Holdings Inc. ADR
304,520
26,968
 
Contemporary Amperex Technology Co. Ltd. Class A
384,100
22,518
 
 
 
 
 
158,528
Denmark (0.6%)
 
Novo Nordisk A/S Class B
167,800
7,937
France (8.2%)
 
Hermes International SCA
21,970
38,928
 
L'Oreal SA
61,410
27,352
 
Kering SA
81,035
26,748
*,2
Exail Technologies SA
87,841
12,651
 
 
 
 
 
105,679
Germany (2.2%)
*,1,2
Delivery Hero SE Class A
647,069
28,208
Italy (3.9%)
 
Ferrari NV
127,804
50,252
Japan (0.7%)
 
M3 Inc.
843,100
9,445
Netherlands (9.0%)
 
ASML Holding NV
39,588
65,239
*,1
Adyen NV
49,483
50,335
 
 
 
 
 
115,574
Singapore (4.5%)
*
Sea Ltd. ADR
545,045
58,178
South Korea (4.4%)
 
SK hynix Inc.
24,955
28,340
*
Coupang Inc.
1,697,437
27,753
 
 
 
 
 
56,093
Sweden (10.6%)
*
Spotify Technology SA
196,450
98,213
 
Atlas Copco AB Class B
1,575,462
29,111
*
Kinnevik AB Class B
1,470,806
8,116
 
 
 
 
 
135,440
Switzerland (1.6%)
 
Lonza Group AG (Registered)
29,086
20,272
Taiwan (13.7%)
 
Taiwan Semiconductor Manufacturing Co. Ltd.
2,377,000
175,815
United Kingdom (3.6%)
*
Wise Group plc Class A
2,677,632
31,981
*
Ocado Group plc
4,975,237
14,221
 
 
 
 
 
46,202
United States (15.7%)
*
MercadoLibre Inc.
60,200
113,053
 
NVIDIA Corp.
342,117
68,680
 
 
 
 
 
Shares
Market
Value
($000)
*
Moderna Inc.
368,023
20,175
 
 
 
 
 
201,908
Total Common Stocks (Cost $988,892)
1,262,464
 
 
 
Coupon
 
Temporary Cash Investments (5.1%)
Money Market Fund (5.1%)
3,4
Vanguard Market Liquidity Fund
(Cost $65,408)
3.718%
 
654,159
65,409
Total Investments (103.3%) (Cost $1,054,300)
1,327,873
Other Assets and Liabilities—Net (-3.3%)
(42,511
)
Net Assets (100%)
1,285,362
 
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 $112,007, representing 8.7% of net assets.
2
Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $39,106.
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 $42,184 was received for securities on loan.
 
 
ADR—American 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
294,841
—
—
294,841
Common Stocks—Other
211,112
756,511
—
967,623
Temporary Cash Investments
65,409
—
—
65,409
Total
571,362
756,511
—
1,327,873