NPORT-P false 0000857490 XXXXXXXX S000004403 C000012159 VANGUARD VARIABLE INSURANCE FUNDS 811-05962 0000857490 549300N9FZ0B1IR95761 100 Vanguard Boulevard Malvern 19355 610-669-1000 INTERNATIONAL PORTFOLIO S000004403 OT40UIT5RF6NRFJZGB59 2019-12-31 2019-12-31 N 4071380642.62 40155877.1 4031224765.52 0 0 0 0 0 0 0 0 0 0 0 0 0 12992862.84 N Next plc 213800WQD8ECPZP9PH98 N/A 135722.00000000 NS 12647028.87000000 0.313726711002 Long EC CORP GB N 2 N N N Hong Kong Exchanges & Clearing Ltd. 213800YTVSXYQN17BW16 N/A 887460.00000000 NS 28831562.50000000 0.715206027374 Long EC CORP HK N 2 N N N SMC Corp. N/A N/A 110100.00000000 NS 50350428.50000000 1.249010695971 Long EC CORP JP N 2 N N N Ferrari NV 549300RIVY5EX8RCON76 N/A 519887.00000000 NS 86320160.10000000 2.141288693161 Long EC CORP NL N 2 N N N N/A N/A N/A 1.00000000 NC N/A -14695.78000000 -0.00036454876 N/A DFE N/A N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 1082475.00000000 GBP 1422833.28000000 USD 2020-04-02 -14695.78 N N N N/A N/A N/A 1.00000000 NC N/A -213284.05000000 -0.00529080025 N/A DFE N/A N 2 THE TORONTON DOMINION BANK PT3QB789TSUIDF371261 26657496.17000000 USD 19912779.04000000 GBP 2020-04-02 -213284.05 N N N Kubota Corp. 549300CSY4INHEHQQT13 N/A 804300.00000000 NS 12630123.83000000 0.313307358548 Long EC CORP JP N 2 N N N Turkiye Garanti Bankasi AS 5493002XSS7K7RHN1V37 N/A 3678288.00000000 NS 6888776.65000000 0.170885451709 Long EC CORP TR N 2 N N N Schneider Electric SE 969500A1YF1XUYYXS284 N/A 493557.00000000 NS 50708141.21000000 1.257884245098 Long EC CORP FR N 2 N N N Bridgestone Corp. 549300DHPOF90OYYD780 N/A 445300.00000000 NS 16542944.85000000 0.410370192986 Long EC CORP JP N 2 N N N SAP SE 529900D6BF99LW9R2E68 N/A 156058.00000000 NS 21005228.83000000 0.521063201676 Long EC CORP DE N 2 N N N Sony Corp. 529900R5WX9N2OI2N910 N/A 330300.00000000 NS 22426615.61000000 0.556322629336 Long EC CORP JP N 2 N N N United States Treasury Bill 254900HROIFWPRGM1V77 912796TF6 3500000.00000000 PA USD 3493910.00000000 0.086671178195 Long DBT UST US N 2 2020-02-13 Fixed 1.53057540 N N N N N N Kasikornbank PCL 5493004COSQ54937AW41 N/A 1971800.00000000 NS 9926340.50000000 0.246236344470 Long EC CORP TH N 2 N N N Aston Martin Lagonda Global Holdings plc 213800167WOVOK5ZC776 N/A 590316.00000000 NS 4074053.69000000 0.101062429583 Long EC CORP GB Y 2 N N ORIX Corp. 35380016EMHNBOVYE123 N/A 682500.00000000 NS 11309958.35000000 0.280558862575 Long EC CORP JP N 2 N N N ANI Technologies Pvt Ltd. N/A N/A 19170.00000000 NS 5707103.64000000 0.141572449366 Long EC CORP IN Y 3 N N N Kering SA 549300VGEJKB7SVUZR78 N/A 135047.00000000 NS 88984908.25000000 2.207391386635 Long EC CORP FR N 2 N N N Toyota Motor Corp. 5493006W3QUS5LMH6R84 N/A 161100.00000000 NS 11351349.23000000 0.281585619514 Long EC CORP JP N 2 N N N Rolls-Royce Holdings plc 213800EC7997ZBLZJH69 N/A 4382443.00000000 NS 39608829.53000000 0.982550758984 Long EC CORP GB N 2 N N N Baidu Inc. 254900AL64IANZYI1E02 056752108 228028.00000000 NS USD 28822739.20000000 0.714987153445 Long EC CORP KY N 1 N N N SBI Holdings Inc. 353800L6LMHYIPSMRQ17 N/A 477700.00000000 NS 10085333.17000000 0.250180373375 Long EC CORP JP N 2 N N N N/A N/A N/A 1411.00000000 NC 59019842.96000000 1.464067284583 N/A DE N/A N 1 BOFA SECURITIES, INC. 549300HN4UKV1E2R3U73 MORGAN STANLEY CAPITAL SERVICES LLC I7331LVCZKQKX5T7XV54 N/A EURO STOXX 50 Mar20 SX5E 2020-03-21 59094582.38 USD -80503.43 N N N Raia Drogasil SA N/A N/A 440908.00000000 NS 12281983.05000000 0.304671254132 Long EC CORP BR N 1 N N N Taiwan Semiconductor Manufacturing Co. Ltd. 549300KB6NK5SBD14S87 N/A 3927000.00000000 NS 43463367.44000000 1.078167801799 Long EC CORP TW N 2 N N N BHP Group plc 549300C116EOWV835768 N/A 829898.00000000 NS 19447885.93000000 0.482431197990 Long EC CORP GB N 2 N N N Check Point Software Technologies Ltd. 2549003ZVBH73EPNS513 N/A 92393.00000000 NS USD 10251927.28000000 0.254312966314 Long EC CORP IL N 1 N N N Flipkart Online Services Pvt Ltd. N/A N/A 31650.00000000 NS USD 197970.75000000 0.004910933066 Long EC CORP IN Y 3 N N N Samsung SDI Co. Ltd. 9884002AESDO4YW87G32 N/A 56351.00000000 NS 11479452.43000000 0.284763393204 Long EC CORP KR N 2 N N N Illumina Inc. SQ95QG8SR5Q56LSNF682 452327109 243613.00000000 NS USD 80816176.62000000 2.004754914963 Long EC CORP US N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 N/A 715537.00000000 NS 211840380.10000000 5.254988060003 Long EC CORP NL N 2 N N N Nestle SA KY37LUS27QQX7BB93L28 N/A 446179.00000000 NS 48305690.84000000 1.198288203951 Long EC CORP CH N 2 N N N Novozymes A/S 529900T6WNZXD2R3JW38 N/A 225473.00000000 NS 11036248.44000000 0.273769116879 Long EC CORP DK N 2 N N N Tesla Inc. 54930043XZGB27CTOV49 88160R101 178353.00000000 NS USD 74610410.49000000 1.850812465932 Long EC CORP US N 1 N N N Straumann Holding AG 50670046ML5FVIM60Z37 N/A 6120.00000000 NS 6003303.94000000 0.148920099701 Long EC CORP CH N 2 N N N N/A N/A N/A 1.00000000 NC N/A 192882.25000000 0.004784705919 N/A DFE N/A N 2 BNP PARIBAS R0MUWSFPU8MPRO8K5P83 26944973.95000000 USD 24051570.07000000 EUR 2020-04-02 192882.25 N N N Toronto-Dominion Bank PT3QB789TSUIDF371261 891160509 316922.00000000 NS 17774771.29000000 0.440927319211 Long EC CORP CA N 1 N N N N/A N/A N/A 1.00000000 NC N/A 7725.09000000 0.000191631339 N/A DFE N/A N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 290530000.00000000 JPY 2682509.00000000 USD 2020-01-06 7725.09 N N N Smith & Nephew plc 213800ZTMDN8S67S1H61 N/A 605501.00000000 NS 14593115.81000000 0.362002038060 Long EC CORP GB N 2 N N N Novartis AG 5493007HIVTX6SY6XD66 N/A 250022.00000000 NS 23674485.29000000 0.587277729897 Long EC CORP CH N 2 N N N Oversea-Chinese Banking Corp. Ltd. 5493007O3QFXCPOGWK22 N/A 1812000.00000000 NS 14823179.22000000 0.367709073103 Long EC CORP SG N 2 N N N Kinnevik AB 2138006PZH76JOS6MN27 N/A 820157.00000000 NS 20097974.31000000 0.498557522316 Long EC CORP SE N 2 N N N Ocado Group plc 213800LO8F61YB8MBC74 N/A 2021902.00000000 NS 34305875.94000000 0.851003799972 Long EC CORP GB N 2 N N N Delivery Hero SE 529900C3EX1FZGE48X78 N/A 595180.00000000 NS 47173743.34000000 1.170208710352 Long EC CORP DE Y 2 N N N MorphoSys AG 529900493806K77LRE72 N/A 67732.00000000 NS 9581458.32000000 0.237681074048 Long EC CORP DE N 2 N N N Continental AG 529900A7YD9C0LLXM621 N/A 101650.00000000 NS 13136315.26000000 0.325864123785 Long EC CORP DE N 2 N N N Larsen & Toubro Ltd. 3358003FR3JIC5FRXA90 N/A 220598.00000000 NS 4012787.42000000 0.099542636628 Long EC CORP IN N 2 N N N Whitbread plc 21380099VMZKRMN3EX36 N/A 279822.00000000 NS 17958714.96000000 0.445490291526 Long EC CORP GB N 2 N N N Wix.com Ltd. 5493008P6N29Q1AG9464 N/A 86032.00000000 NS USD 10528596.16000000 0.261176113275 Long EC CORP IL N 1 N N N TOTAL SA 529900S21EQ1BO4ESM68 N/A 515513.00000000 NS 28606209.30000000 0.709615835481 Long EC CORP FR N 2 N N N Samsung Electronics Co. Ltd. 9884007ER46L6N7EI764 N/A 714518.00000000 NS 34430394.15000000 0.854092643121 Long EC CORP KR N 2 N N N DNB ASA 5967007LIEEXZX78M803 N/A 846264.00000000 NS 15836056.83000000 0.392834876523 Long EC CORP NO N 2 N N N N/A N/A N/A 1.00000000 NC N/A -35534.67000000 -0.00088148570 N/A DFE N/A N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 2700400.00000000 AUD 1859773.00000000 USD 2020-01-06 -35534.67 N N N SoftBank Group Corp. 5493003BZYYYCDIO0R13 N/A 929400.00000000 NS 40351803.59000000 1.000981238633 Long EC CORP JP N 2 N N N Amazon.com Inc. ZXTILKJKG63JELOEG630 023135106 64153.00000000 NS USD 118544479.52000000 2.940656659334 Long EC CORP US N 1 N N N N/A N/A N/A 222.00000000 NC 25716947.37000000 0.637943773067 N/A DE N/A N 1 MORGAN STANLEY AND CO. INT'L LIMITED Z06S12H6N9QRJ8HHN626 N/A SPI 200 FUTURES Mar20 AS51 2020-03-30 26400210.04 USD -679995.43 N N N Industria de Diseno Textil SA 549300TTCXZOGZM2EY83 N/A 2100029.00000000 NS 74216417.38000000 1.841038932256 Long EC CORP ES N 2 N N N N/A N/A N/A 1.00000000 NC N/A -14916.55000000 -0.00037002526 N/A DFE N/A N 2 STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 1925175.00000000 EUR 2157296.00000000 USD 2020-04-02 -14916.55 N N N BASF SE 529900PM64WH8AF1E917 N/A 222170.00000000 NS 16737614.54000000 0.415199238781 Long EC CORP DE N 2 N N N TAL Education Group 5493003PJZS0EC085V72 874080104 1341800.00000000 NS USD 64674760.00000000 1.604345174528 Long EC CORP KY N 1 N N N L'Oreal SA 529900JI1GG6F7RKVI53 N/A 219591.00000000 NS 64934981.05000000 1.610800310749 Long EC CORP FR N 2 N N N Ping An Insurance Group Co. of China Ltd. 529900M9MC28JLN35U89 N/A 3489500.00000000 NS 41292885.63000000 1.024326055525 Long EC CORP CN N 2 N N N HDFC Bank Ltd. 335800ZQ6I4E2JXENC50 N/A 1111849.00000000 NS 19839327.82000000 0.492141445192 Long EC CORP IN N 2 N N N AIXTRON SE 5299004UJ4D51M25LD67 N/A 274000.00000000 NS 2616295.76000000 0.064900766198 Long EC CORP DE N 2 N N N China Mengniu Dairy Co. Ltd. 529900A8J3OYEG1TKA66 N/A 3384000.00000000 NS 13688596.41000000 0.339564207063 Long EC CORP KY N 2 N N N N/A N/A N/A 1.00000000 NC N/A -20888.86000000 -0.00051817651 N/A DFE N/A N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 290530000.00000000 JPY 2667294.00000000 USD 2020-04-02 -20888.86 N N N Housing Development Finance Corp. Ltd. 335800OX2H9AP7NHLT64 N/A 1088397.00000000 NS 36801373.11000000 0.912907993242 Long EC CORP IN N 2 N N N Diageo plc 213800ZVIELEA55JMJ32 N/A 867027.00000000 NS 36533893.39000000 0.906272795863 Long EC CORP GB N 2 N N N Telefonica Brasil SA 529900MTGG2HSDBIWG79 N/A 0.00000000 NS 0.00000000 0.000000 Long EC CORP BR N 1 N N N Sekisui Chemical Co. Ltd. N/A N/A 772400.00000000 NS 13401068.61000000 0.332431689858 Long EC CORP JP N 2 N N N Assa Abloy AB 549300YECS8HKCIMMB67 N/A 639296.00000000 NS 14943837.51000000 0.370702165699 Long EC CORP SE N 2 N N N Nidec Corp. 353800IF171MZTNL6Y31 N/A 187500.00000000 NS 25609464.06000000 0.635277503726 Long EC CORP JP N 2 N N N Zalando SE 529900YRFFGH5AXU4S86 N/A 1013535.00000000 NS 51112972.88000000 1.267926643961 Long EC CORP DE Y 2 N N N Takeda Pharmaceutical Co. Ltd. 549300ZLMVP4X0OGR454 N/A 485200.00000000 NS 19190738.37000000 0.476052303859 Long EC CORP JP N 2 N N N EssilorLuxottica SA 549300M3VH1A3ER1TB49 N/A 189477.00000000 NS 28967665.04000000 0.718582235547 Long EC CORP FR N 2 N N N N/A N/A N/A 257.00000000 NC 25528426.09000000 0.633267246925 N/A DE N/A N 1 MORGAN STANLEY CAPITAL SERVICES LLC I7331LVCZKQKX5T7XV54 BOFA SECURITIES, INC. 549300HN4UKV1E2R3U73 N/A FTSE 100 IDX FUT Mar20 UKX 2020-03-21 25119619.26 USD 406211.46 N N N Roche Holding AG 549300U41AUUVOAAOB37 N/A 184951.00000000 NS 60109595.76000000 1.491100081397 Long EC CORP CH N 2 N N N Burberry Group plc 213800PE1KEFCNFR1R50 N/A 651817.00000000 NS 19030323.71000000 0.472073000562 Long EC CORP GB N 2 N N N Bayerische Motoren Werke AG YEH5ZCD6E441RHVHD759 N/A 314821.00000000 NS 25785758.29000000 0.639650721303 Long EC CORP DE N 2 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 N/A 894411.00000000 NS 20208734.91000000 0.501305089283 Long EC CORP DE N 2 N N N GEA Group AG 549300PHUU0ZZWO8EO07 N/A 498812.00000000 NS 16510498.31000000 0.409565312537 Long EC CORP DE N 2 N N N Home24 SE 5299002T3WE6IWG0E854 N/A 194547.00000000 NS 1061103.54000000 0.026322113048 Long EC CORP DE N 2 N N N Danone SA 969500KMUQ2B6CBAF162 N/A 301543.00000000 NS 25042037.94000000 0.621201728918 Long EC CORP FR N 2 N N N Trip.com Group Ltd. 2549004RMYDSRQL4KW41 89677Q107 651713.00000000 NS USD 21858454.02000000 0.542228610197 Long EC CORP KY N 1 N N N Bunzl plc 213800Q1Q9DV4L78UM09 N/A 220225.00000000 NS 6023351.85000000 0.149417415310 Long EC CORP GB N 2 N N N Vanguard FTSE All-World ex-US ETF DHT9U5XH2TTB8CZQX861 922042775 298796.00000000 NS USD 16060285.00000000 0.398397160519 Long EC CORP US N 1 N N N Lloyds Banking Group plc 549300PPXHEU2JF0AM85 N/A 16460762.00000000 NS 13636543.94000000 0.338272974919 Long EC CORP GB N 2 N N N Norsk Hydro ASA 549300N1SDN71ZZ8BO45 N/A 3710583.00000000 NS 13798221.92000000 0.342283616582 Long EC CORP NO N 2 N N N N/A N/A N/A 265.00000000 NC 41973678.15000000 1.041214037704 N/A DE N/A N 1 MORGAN STANLEY CAPITAL SERVICES LLC I7331LVCZKQKX5T7XV54 N/A TOPIX INDX FUTR Mar20 TPX 2020-03-13 41871764.23 USD 99042.72 N N N Jardine Matheson Holdings Ltd. 2138009KENVUNWOLPK41 N/A 326602.00000000 NS USD 18174653.40000000 0.450846937522 Long EC CORP BM N 2 N N N Flipkart Online Services Pvt Ltd. N/A N/A 13514.00000000 NS USD 100341.45000000 0.002489105813 Long EC CORP IN Y 3 N N N adidas AG 549300JSX0Z4CW0V5023 N/A 59802.00000000 NS 19466716.15000000 0.482898307147 Long EC CORP DE N 2 N N N Nutrien Ltd. 5493002QQ7GD21OWF963 67077M108 334066.00000000 NS 15993903.37000000 0.396750474118 Long EC CORP CA N 1 N N Genmab A/S 529900MTJPDPE4MHJ122 N/A 258566.00000000 NS 57506002.95000000 1.426514429110 Long EC CORP DK N 2 N N N Royal Dutch Shell plc 21380068P1DRHMJ8KU70 N/A 647639.00000000 NS 19095669.82000000 0.473693999484 Long EC CORP GB N 2 N N N N/A N/A N/A 1.00000000 NC N/A 20669.91000000 0.000512745163 N/A DFE N/A N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 2654114.00000000 USD 290530000.00000000 JPY 2020-01-06 20669.91 N N N Booking Holdings Inc. FXM8FAOHMYDIPD38UZ17 09857L108 5273.00000000 NS USD 10829318.29000000 0.268635933739 Long EC CORP US N 1 N N N M3 Inc. N/A N/A 2431600.00000000 NS 73326374.47000000 1.818960210236 Long EC CORP JP N 2 N N N B3 SA - Brasil Bolsa Balcao 4GTK5S46E6H318LMDS44 N/A 1077538.00000000 NS 11575587.79000000 0.287148161248 Long EC CORP BR N 1 N N N Koninklijke Philips NV H1FJE8H61JGM1JSGM897 N/A 446781.00000000 NS 21840410.73000000 0.541781021906 Long EC CORP NL N 2 N N N NIO Inc. 549300JBU4TV5OCKJV96 62914V106 1659408.00000000 NS USD 6670820.16000000 0.165478745245 Long EC CORP KY N 1 N N Ambu A/S 5299008W2A69WX355710 N/A 517256.00000000 NS 8672649.33000000 0.215136833951 Long EC CORP DK N 2 N N Banco Bilbao Vizcaya Argentaria SA K8MS7FD7N5Z2WQ51AZ71 N/A 7326765.00000000 NS 41135045.70000000 1.020410621899 Long EC CORP ES N 2 N N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 N/A 4407900.00000000 NS 212355685.10000000 5.267770899710 Long EC CORP KY N 2 N N N Atlas Copco AB 213800T8PC8Q4FYJZR07 N/A 883241.00000000 NS 35255156.24000000 0.874551985826 Long EC CORP SE N 2 N N N Pigeon Corp. N/A N/A 319600.00000000 NS 11702535.60000000 0.290297273922 Long EC CORP JP N 2 N N N Jumia Technologies AG 391200JWCL5VCOSXNT56 48138M105 644932.00000000 NS USD 4340392.36000000 0.107669321669 Long EC CORP DE N 1 N N CureVac GmbH N/A N/A 1452.00000000 NS 2086254.45000000 0.051752372327 Long EC CORP DE Y 3 N N N Temenos AG 5067007NW6550481FH64 N/A 154202.00000000 NS 24393112.12000000 0.605104243470 Long EC CORP CH N 2 N N N Bank Central Asia Tbk PT 254900BR956G2OHVOM21 N/A 6577100.00000000 NS 15817968.77000000 0.392386177652 Long EC CORP ID N 2 N N N Elekta AB 54930044O54BK617EP80 N/A 668047.00000000 NS 8813694.39000000 0.218635648038 Long EC CORP SE N 2 N N N MercadoLibre Inc. 549300DKPDN9M5S8GB14 58733R102 166050.00000000 NS USD 94970637.00000000 2.355875509902 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 N/A 54764.00000000 NS 19978313.80000000 0.495589181007 Long EC CORP CH N 2 N N N Meituan Dianping 21380033K525E5JLIA77 N/A 4125383.00000000 NS 53902889.91000000 1.337134321336 Long EC CORP KY N 2 N N N AIA Group Ltd. ZP5ILWVSYE4LJGMMVD57 N/A 11257400.00000000 NS 118404955.70000000 2.937195581669 Long EC CORP HK N 2 N N N N/A N/A N/A 1.00000000 NC N/A -13462.88000000 -0.00033396500 N/A DFE N/A N 2 JPMORGAN CHASE BANK, N.A. 7H6GLXDRUGQFU57RNE97 2700400.00000000 AUD 1885913.45000000 USD 2020-04-02 -13462.88 N N N N/A N/A N/A 1.00000000 NC N/A 13247.69000000 0.000328626925 N/A DFE N/A N 2 JPMORGAN CHASE BANK, N.A. 7H6GLXDRUGQFU57RNE97 1882059.98000000 USD 2700400.00000000 AUD 2020-01-06 13247.69 N N N Murata Manufacturing Co. Ltd. 529900QZG6DL8ZRI7140 N/A 215500.00000000 NS 13263723.93000000 0.329024668717 Long EC CORP JP N 2 N N N Nintendo Co. Ltd. 353800FEEXU6I9M0ZF27 N/A 74000.00000000 NS 29597051.27000000 0.734195014953 Long EC CORP JP N 2 N N N Vestas Wind Systems A/S 549300DYMC8BGZZC8844 N/A 230207.00000000 NS 23252404.78000000 0.576807450154 Long EC CORP DK N 2 N N N China Pacific Insurance Group Co. Ltd. 529900BA5ILEL308WX03 N/A 3290000.00000000 NS 12962653.96000000 0.321556219610 Long EC CORP CN N 2 N N N SKF AB 549300B6HWYEE57O8J84 N/A 603624.00000000 NS 12221169.41000000 0.303162689278 Long EC CORP SE N 2 N N N N/A N/A N/A 1.00000000 NC N/A 209923.86000000 0.005207446178 N/A DFE N/A N 2 BNP PARIBAS R0MUWSFPU8MPRO8K5P83 9802193.39000000 USD 14234525.80000000 AUD 2020-04-02 209923.86 N N N HelloFresh SE 391200ZAF4V6XD2M9G57 N/A 1072370.00000000 NS 22351690.97000000 0.554464021981 Long EC CORP DE N 2 N N N N/A N/A N/A 1.00000000 NC N/A 14768.43000000 0.000366350944 N/A DFE N/A N 2 STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 2145540.00000000 USD 1925175.00000000 EUR 2020-01-06 14768.43 N N N Umicore SA 529900F3AIQECS8ZSV61 N/A 1112750.00000000 NS 54229000.94000000 1.345223947913 Long EC CORP BE N 2 N N N Argenx SE 7245009C5FZE6G9ODQ71 N/A 84539.00000000 NS 13597392.13000000 0.337301761149 Long EC CORP NL N 2 N N N Svenska Handelsbanken AB NHBDILHZTYCNBV5UYZ31 N/A 2024995.00000000 NS 21809713.75000000 0.541019541667 Long EC CORP SE N 2 N N N GlaxoSmithKline plc 5493000HZTVUYLO1D793 N/A 823386.00000000 NS 19347263.94000000 0.479935133001 Long EC CORP GB N 2 N N N N/A N/A N/A 1.00000000 NC N/A 14768.43000000 0.000366350944 N/A DFE N/A N 2 STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 2145540.00000000 USD 1925175.00000000 EUR 2020-01-06 14768.43 N N N N/A N/A N/A 1.00000000 NC N/A 14698.28000000 0.000364610778 N/A DFE N/A N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 1419412.12000000 USD 1082475.00000000 GBP 2020-01-06 14698.28 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 01609W102 1003850.00000000 NS USD 212916585.00000000 5.281684782776 Long EC CORP KY N 1 N N N N/A N/A N/A 1.00000000 NC N/A -59927.75000000 -0.00148658915 N/A DFE N/A N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 41458152.00000000 USD 4474184496.00000000 JPY 2020-04-02 -59927.75 N N N Rocket Internet SE 3912003IMZTQTU1V0F73 N/A 278557.00000000 NS 6885526.87000000 0.170804836507 Long EC CORP DE Y 2 N N N Chr Hansen Holding A/S 549300MKPW8ZF3E8MW37 N/A 163100.00000000 NS 12965627.75000000 0.321629988506 Long EC CORP DK N 2 N N N N/A N/A N/A 1.00000000 NC N/A -2791.40000000 -0.00006924446 N/A DFE N/A N 2 ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 1082475.00000000 GBP 1431319.00000000 USD 2020-01-06 -2791.4 N N N Keyence Corp. 529900M7PQBS7A89DZ11 N/A 43500.00000000 NS 15274528.19000000 0.378905396708 Long EC CORP JP N 2 N N N N/A N/A N/A 1.00000000 NC N/A 324414.13000000 0.008047532669 N/A DFE N/A N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 14940159.68000000 USD 21702100.00000000 AUD 2020-04-02 324414.13 N N N You & Mr Jones Ltd. N/A N/A 5200000.00000000 NS USD 16692000.00000000 0.414067708225 Long EP CORP GB Y 3 N N N N/A N/A N/A 1.00000000 NC N/A 192882.25000000 0.004784705919 N/A DFE N/A N 2 BNP PARIBAS R0MUWSFPU8MPRO8K5P83 26944973.96000000 USD 24051570.08000000 EUR 2020-04-02 192882.25 N N N N/A N/A N/A 1.00000000 NC N/A -23114.15000000 -0.00057337785 N/A DFE N/A N 2 BANK OF AMERICA, N.A. B4TYDEB6GKMZO031MB27 3850350.00000000 EUR 4297502.70000000 USD 2020-01-06 -23114.15 N N N Erste Group Bank AG PQOH26KWDF7CG10L6792 N/A 452514.00000000 NS 16997482.85000000 0.421645624808 Long EC CORP AT N 2 N N N Suzuki Motor Corp. 353800D83H0V3ZV1SV24 N/A 211200.00000000 NS 8815900.90000000 0.218690383513 Long EC CORP JP N 2 N N N Recruit Holdings Co. Ltd. 353800R2LRSMVVC4I806 N/A 709700.00000000 NS 26582064.25000000 0.659404171093 Long EC CORP JP N 2 N N N Vivendi SA 969500FU4DRAEVJW7U54 N/A 579536.00000000 NS 16782012.33000000 0.416300586202 Long EC CORP FR N 2 N N N Fiat Chrysler Automobiles NV 549300LKT9PW7ZIBDF31 N/A 1376016.00000000 NS 20401639.17000000 0.506090341191 Long EC CORP NL N 2 N N N iQIYI Inc. 222100XL8T2Q5B8MS302 46267X108 347157.00000000 NS USD 7328484.27000000 0.181792995832 Long EC CORP KY N 1 N N Spotify Technology SA 549300B4X0JHWV0DTD60 N/A 482443.00000000 NS USD 72149350.65000000 1.789762537358 Long EC CORP LU N 1 N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 N/A 228682.00000000 NS 17871710.28000000 0.443332022388 Long EC CORP CH N 2 N N N N/A N/A N/A 1.00000000 NC N/A -14916.55000000 -0.00037002526 N/A DFE N/A N 2 STATE STREET BANK AND TRUST COMPANY 571474TGEMMWANRLN572 1925175.00000000 EUR 2157296.00000000 USD 2020-04-02 -14916.55 N N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 1532627.80000000 NS USD 153278106.17000000 3.802271396053 Long STIV CORP US N 1 N N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 317451.91000000 NS USD 31748365.09000000 0.787561273227 Long STIV CORP US N 1 N N 2020-01-31 VANGUARD VARIABLE INSURANCE FUNDS Christine M. Buchanan Christine M. Buchanan Treasurer