VANGUARD GLOBAL EQUITY FUND

VANGUARD HORIZON FUNDS · 1 share class

Actively managed global equity fund
One fund, 1 share class:VHGEX
$7.59B NAV
189 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

VANGUARD GLOBAL EQUITY FUND is an actively managed global equity fund.

Asset class
Equity
Region
Global
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

Vanguard Global Equity Fund (the Fund) seeks to provide long-term capital appreciation.

Strategy · summarised

The fund employs multiple independent advisors, each selecting and maintaining a portfolio of common stocks across U.S. and foreign markets, spanning developed and emerging economies and the full capitalization spectrum with a mix of value and growth approaches. The fund maintains at least 80% of net assets in equity securities. Because each advisor independently constructs its own portfolio, the fund's aggregate holdings may diverge from any benchmark or from the selections of other advisors.

Expenses
0.38%one share class
Share classExpense ratio
VHGEX0.38%

Portfolio turnover 36.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.67%
of net assets
Stocks97.14%
Cash & short-term3.53%
Derivatives0.01%

Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
International28.8%
Information Technology17.2%
Health Care9.7%
Consumer Discretionary8.2%
9 smaller36.2%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 30 new23 exited

Largest new: SK hynix Inc, AMD, SPCX, Publicis Groupe SA, CRH, MU, MediaTek Inc, CFR

Largest exited: CRH PLC, Nokia Oyj, Kweichow Moutai Co Ltd, Hermes International SCA, TDK Corp, Wix.com Ltd, ArcelorMittal SA, Edenred SE

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+28.18%
3-year
+60.30%
5-year
+40.48%
Volatility
14.74%
Worst 3-yr fall
-13.42%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA5.49%$416.47M
Vanguard Cmt Funds-Vanguard Market Liquidity Fund3.53%$267.71M
Taiwan Semiconductor Manufacturing Co Ltd2.69%$204.01M
Amazon.com IncAMZN2.60%$197.27M
Alphabet IncGOOGL2.35%$178.41M
Taiwan Semiconductor Manufacturing Co Ltd2.08%$157.67M
ASML Holding NVASMLF2.01%$152.48M
Mastercard IncMA1.63%$123.53M
Alphabet IncGOOG1.61%$122.40M
SK hynix Inc1.32%$100.29M
Showing 10 of 189Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 25.32% of net assets, top 25 41.16%, across 177 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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