{"annotation_id":"10517dba-ef28-4950-8f0e-eb8a4b93e1ca","file_hash":"4a8a0eb21f4d865a8f8dd24ecd013f0b3859fe275494ff8746d4eb9b219fee42","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"c36346f3-8151-4caf-a8ba-644de59cc0dd","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"aa04e1fe-586c-42b7-aa52-605262a182b1","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"8274728c-997c-49a0-85eb-d39c6ede18ac","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"ff7dcefe-55a2-4623-9900-0b477a88db57","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"dc629c7f-b412-4844-897a-818a1e971b28","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"ccf01b25-ae56-4c9a-9eb1-a41790f0bf94","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"64411a4a-1a01-43ad-9a04-503e58b4f5ec","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"7c390574-ad79-4350-a4f2-c9c58b62be47","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"7f829335-cf6f-4de5-a53d-b3e862ea03cd","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"52bae30b-e4dd-4f24-af4d-4ff7bdf9192b","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"f005e0d9-0d50-49e6-82dc-c7bc689d8d48","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"da679e5a-f411-4f78-a545-19cd951c9a94","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"ba9e2211-8af5-4d4e-b6eb-6e160a748e8e","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"73d2d776-703a-42d2-a233-8d3443567684","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"12744c1c-7ed4-4d86-a51d-64233ba78f35","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"895436f1-34cb-4c36-8a6e-cde4a6a17d9d","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"3c7ed158-83a8-4dbc-a233-c984df8dc1b5","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"fa6428f0-b7f2-46df-8148-bf098c253b8f","block_type":"box","text":"CHF1,000,000","page_number":1,"box":{"x":39,"y":345,"width":61,"height":6}},{"id":"7672d7a6-f641-4437-8d37-d2ff5fdf4b56","block_type":"box","text":"IE00BZ04LR00","page_number":1,"box":{"x":142,"y":345,"width":64,"height":5}},{"id":"34490015-3fc1-47f6-a1c2-497cc492de11","block_type":"box","text":"BZ04LR0","page_number":1,"box":{"x":239,"y":345,"width":38,"height":5}},{"id":"2aad7f4b-0326-4d48-a4d4-61131bcb0b8c","block_type":"box","text":"VANIPCH","page_number":1,"box":{"x":305,"y":345,"width":40,"height":5}},{"id":"923ff337-ea81-441c-b835-2ca8429a1771","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"8ee3a46d-776e-49c5-b817-3645fba1f47b","block_type":"box","text":"4","page_number":1,"box":{"x":489,"y":345,"width":5,"height":5}},{"id":"c12d3e82-5a58-45b4-90d7-ad0da7c4e8ee","block_type":"box","text":"H23047CH","page_number":1,"box":{"x":562,"y":345,"width":47,"height":5}},{"id":"46cc67ee-c4b4-40ee-a6f0-51d82ec2ad4b","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"d9978380-eb90-42ff-bb1b-369a4e6d2465","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"140ea24e-e383-4ecd-9c5d-2b27e2b96493","block_type":"box","text":"Daily (14:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":98,"height":6}},{"id":"b27e2755-164f-478a-9354-dc17a2111ff4","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"5d6c757a-a68c-4e3d-91de-78f2aff63328","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"dc968296-2374-4ec4-8c9b-67c1e012f36c","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"df820bb4-042b-4105-8dce-3bba9d61c018","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"83d8f9b1-9985-4aa2-a5db-1d9e39a3f8ed","block_type":"box","text":"Vanguard U.S. Investment Grade Credit Index Fund","page_number":1,"box":{"x":38,"y":173,"width":741,"height":20}},{"id":"bae60708-dc8d-4bc8-984e-0ff7b4a948a4","block_type":"box","text":"CHF Hedged Acc","page_number":1,"box":{"x":39,"y":198,"width":143,"height":13}},{"id":"8bed57f3-bd66-44ba-b3e3-a626f5359baa","block_type":"box","text":"Inception date: 26 February 2026","page_number":1,"box":{"x":40,"y":215,"width":240,"height":10}},{"id":"81b8c329-7329-412a-a825-22fa163cd315","block_type":"box","text":"Total assets (million) CHF1,171","page_number":1,"box":{"x":38,"y":232,"width":172,"height":7}},{"id":"30dcb9e8-f8f3-4125-b236-29ec56e74afa","block_type":"box","text":"|","page_number":1,"box":{"x":214,"y":232,"width":2,"height":7}},{"id":"29fdc62b-1c3d-4823-8a60-e4c5338cb0a0","block_type":"box","text":"Share class assets (million) CHF3 as at 30 September 2026","page_number":1,"box":{"x":221,"y":232,"width":337,"height":8}},{"id":"ca6d66f6-b531-4a2a-b022-8501af4c3f8e","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"6166833f-78d8-486a-aded-fe5f083d134b","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"0452cfb9-5d8d-4de2-b121-2eaad99927b4","block_type":"box","text":"0.12 %","page_number":1,"box":{"x":228,"y":433,"width":32,"height":6}},{"id":"750a6bb2-3004-4c5a-963a-0a1ead00d030","block_type":"box","text":"†The Ongoing Charges Figure (OCF) covers administration, audit, depository, legal, registration and regulatory expenses incurred in respect of th","page_number":1,"box":{"x":39,"y":448,"width":721,"height":8}},{"id":"88d5a258-eacc-46d7-9840-728516f2d9d4","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"bc50f579-f376-4164-8cb7-f628fe07de55","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"f2426146-29e0-4a5b-8420-c4d85d024f3e","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"2f60f786-b0af-4e14-a2f6-a4f5a0699b11","block_type":"box","text":"The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the pe","page_number":1,"box":{"x":51,"y":483,"width":732,"height":8}},{"id":"fc1ae677-50fd-49e1-8d59-4a2418373256","block_type":"box","text":"rformance of the Bloomberg","page_number":1,"box":{"x":784,"y":483,"width":142,"height":8}},{"id":"7d5bb9eb-2af8-4277-9486-e382aaf98023","block_type":"box","text":"Global Aggregate USD Credit Float Adjusted Bond Index (the “Index”).","page_number":1,"box":{"x":51,"y":494,"width":350,"height":8}},{"id":"73b19b79-72fa-4d1a-9b80-f67ef6eccf6f","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":508,"width":3,"height":3}},{"id":"fd20b63a-df75-4b0f-8143-9a96aaab86a1","block_type":"box","text":"The Index is a market-weighted index of U.S. dollar-denominated Investment grade fixed-income securities with maturities greater than one year and a m","page_number":1,"box":{"x":51,"y":506,"width":768,"height":8}},{"id":"c60ceea0-926f-456a-886d-56c7edfd6991","block_type":"box","text":"inimum issue size of USD","page_number":1,"box":{"x":821,"y":506,"width":123,"height":6}},{"id":"c05e7e08-9c8d-495e-a962-12e6472c9893","block_type":"box","text":"300 million, but excluding certain sectors as set out below. The Index includes securities issued by global corporates, securitised, and government-re","page_number":1,"box":{"x":51,"y":517,"width":735,"height":7}},{"id":"b640ef67-f6d3-4002-b223-3457e2401607","block_type":"box","text":"lated/supranational entities, but","page_number":1,"box":{"x":787,"y":516,"width":163,"height":8}},{"id":"4129c5dc-8b43-4f7c-af8f-df4af01daab4","block_type":"box","text":"excludes U.S. Treasuries and certain securitised sectors and issues as defined by the Index provider.","page_number":1,"box":{"x":51,"y":527,"width":493,"height":8}},{"id":"1ee2e6fa-9428-4cdf-8e98-3f8e9c2e7e06","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":542,"width":3,"height":2}},{"id":"44fd5675-dd4a-405a-8a57-52ace09ddff5","block_type":"box","text":"The Fund attempts to: 1. Track the performance of the Index by investing through physical acquisition in a portfolio of securities that, insofar as po","page_number":1,"box":{"x":51,"y":540,"width":731,"height":7}},{"id":"e0817311-a34b-451d-a06b-6de4158d47fa","block_type":"box","text":"ssible and practicable, consists of a","page_number":1,"box":{"x":783,"y":540,"width":175,"height":7}},{"id":"d9139cfa-5777-42df-888d-10b53ad175b7","block_type":"box","text":"representative sample of the component securities of the Index. 2. Remain fully invested except in extraordinary market, political or similar conditio","page_number":1,"box":{"x":51,"y":550,"width":733,"height":8}},{"id":"834e2c23-bb61-48cc-a151-9f02a6d6107f","block_type":"box","text":"ns where the Fund may","page_number":1,"box":{"x":786,"y":550,"width":116,"height":8}},{"id":"675d61a6-2871-40a8-9a13-61e6aaa74d48","block_type":"box","text":"temporarily depart from this investment policy to avoid losses.","page_number":1,"box":{"x":51,"y":561,"width":312,"height":7}},{"id":"ac4b3a1c-577e-41c7-aaf5-d66aed044878","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":582,"width":133,"height":9}},{"id":"41748946-5a9a-455d-a37e-01b8088abcd3","block_type":"box","text":"Vanguard Global Advisers, LLC","page_number":1,"box":{"x":38,"y":601,"width":154,"height":8}},{"id":"3fb76518-b41b-40db-8b0b-d4fc51bd847e","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"f350b14d-7175-405b-9955-5eee8c42ff4f","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"18171a8a-99ee-4605-889e-e646ebe248d5","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":1,"box":{"x":41,"y":975,"width":658,"height":8}},{"id":"42f592d6-dedb-402c-ad82-4dd78c765bca","block_type":"box","text":"Vanguard U.S. Investment Grade Credit Index Fund","page_number":2,"box":{"x":38,"y":31,"width":741,"height":21}},{"id":"cac5125f-995f-4239-aca8-121125e5b53a","block_type":"box","text":"CHF Hedged Acc","page_number":2,"box":{"x":39,"y":57,"width":143,"height":13}},{"id":"dca382d0-bbaf-44e1-945c-d351e2e31d88","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"a27e0472-7835-4b50-97bb-e17afeab57af","block_type":"box","text":"CHF","page_number":2,"box":{"x":39,"y":142,"width":21,"height":6}},{"id":"2a3cfaa4-b522-40b5-8e71-0a799a5a6f11","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":145,"width":8,"height":1}},{"id":"dfdadeeb-8730-4624-bacc-c660c3c5be7b","block_type":"box","text":"Vanguard U.S. Investment Grade Credit Index Fund","page_number":2,"box":{"x":69,"y":142,"width":256,"height":8}},{"id":"8a998dc4-e066-436a-ba8b-a64ad98155b4","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"6cbd5e55-b8a3-4aa0-9a23-d98052754526","block_type":"box","text":"— Bloomberg Global Aggregate USD Credit Float Adjusted Bond Index Hedged in CHF","page_number":2,"box":{"x":98,"y":153,"width":428,"height":7}},{"id":"f9b86e78-6c39-4dbd-a89e-cbb6b3dbc48a","block_type":"box","text":"This fund was launched on 26 February 2026.","page_number":2,"box":{"x":121,"y":223,"width":257,"height":8}},{"id":"1a518289-ae85-451c-bc51-2b302a4cf4f1","block_type":"box","text":"Performance data will be available after one year.","page_number":2,"box":{"x":108,"y":235,"width":284,"height":8}},{"id":"7898f9a9-4454-4612-979d-93fc9aa5c5ae","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":2,"box":{"x":38,"y":965,"width":658,"height":8}},{"id":"26bd3b4e-c26e-42e1-afbf-bbb250f76f83","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"95220781-596d-47f1-b874-9b9b0202adeb","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"f8265f1f-4d3e-46e1-abf2-8ef19f1479d2","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"d1c54358-b331-4e0e-b716-1384d75d348b","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"aad1cc59-78be-4620-a596-df7e48e345a9","block_type":"box","text":"7,157","page_number":3,"box":{"x":606,"y":107,"width":24,"height":6}},{"id":"f3864937-8ac7-4e2f-88a1-e843e9d1ed09","block_type":"box","text":"14,378","page_number":3,"box":{"x":782,"y":107,"width":29,"height":6}},{"id":"9a463e36-f21c-4f65-bb76-841ada288a97","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"778400f2-f46b-4e94-ae07-74668473e963","block_type":"box","text":"5.95%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"9ce78bda-d43a-468a-89fb-8d697c6bd6a9","block_type":"box","text":"5.95%","page_number":3,"box":{"x":785,"y":118,"width":26,"height":5}},{"id":"2f69fbff-d9a9-4b84-ac8f-a6340babb6d8","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"c8449278-e0f4-40f7-9fb6-fcd926f22566","block_type":"box","text":"4.7%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"cbe47b8b-aa73-41f2-b29d-820ddd73a5a2","block_type":"box","text":"4.6%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"1664b7a4-c4a9-4e25-ba20-016b1a692183","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"3a5c1f0f-ce44-472c-b1cb-9c4f12748330","block_type":"box","text":"9.1 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"c23d6631-0a76-4e0d-b230-1305b2c591bb","block_type":"box","text":"9.1 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"719b0131-c865-4ea2-a700-5b190eecd16e","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"ce410383-d6fc-4015-b4e4-6bd33316e3f4","block_type":"box","text":"A","page_number":3,"box":{"x":624,"y":153,"width":6,"height":5}},{"id":"6f9fd389-a457-45b7-a1ac-8102362b541e","block_type":"box","text":"A","page_number":3,"box":{"x":806,"y":153,"width":6,"height":5}},{"id":"6408144e-9232-4957-88ef-885c63418373","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"600cccdf-e2d4-49c2-a999-430337973534","block_type":"box","text":"5.8 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"733457e8-c640-4ab9-ba3c-21629f5656cf","block_type":"box","text":"5.8 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"66ac25a1-5d0a-4bfb-996e-7e272765a761","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"967ae01b-2bf6-4795-9c69-6dff48741117","block_type":"box","text":"0.0%","page_number":3,"box":{"x":609,"y":176,"width":21,"height":5}},{"id":"3754ad0f-19ca-4bb8-8445-4140afe05631","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"879cfa93-b354-4db0-bc11-189449738e4b","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"a96d4b39-f390-48bd-8892-a75d3c227b2f","block_type":"box","text":"56%","page_number":3,"box":{"x":611,"y":188,"width":19,"height":5}},{"id":"bc94e612-ad5e-4e1d-8f64-b884c93317de","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"3abdc440-4c82-4b9c-b17c-45d125b2ec9c","block_type":"box","text":"The PTR (Portfolio Turnover Rate) approach considers the total security purchases and sales, the total subscriptions and redemptions and the average","page_number":3,"box":{"x":38,"y":201,"width":644,"height":6}},{"id":"46c20396-0155-4d14-9004-a4004c219b00","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"b49e4849-1ab9-44ff-96f3-c300bf346a53","block_type":"box","text":"calculate the turnover figure. Yield to Worst is based on the local currencies of the underlying holdings. As such, the actual yield received in the s","page_number":3,"box":{"x":39,"y":210,"width":613,"height":6}},{"id":"b05103aa-1e4d-4828-a27f-872ff76bdbb0","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"dc139c43-8172-4e10-b167-247232a2e4ea","block_type":"box","text":"yield to maturity stated. Data as at 30 September 2026.","page_number":3,"box":{"x":38,"y":219,"width":243,"height":6}},{"id":"f865fa14-0d23-4ae5-a247-029cd080e273","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"68b9510b-dc02-4357-a93d-5554a0c197be","block_type":"box","text":"United States","page_number":3,"box":{"x":163,"y":268,"width":58,"height":5}},{"id":"d133851c-2650-4f1b-9b73-e7bbbff65829","block_type":"box","text":"63.9","page_number":3,"box":{"x":434,"y":268,"width":18,"height":5}},{"id":"14c2d425-20f7-436a-95e0-8057db5fc6bd","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"7413b1e9-6c68-4d98-86ea-4450840e63c4","block_type":"box","text":"Supranational","page_number":3,"box":{"x":162,"y":279,"width":60,"height":6}},{"id":"c145b1ef-36e4-44eb-988e-dc63eb378533","block_type":"box","text":"4.0","page_number":3,"box":{"x":439,"y":279,"width":13,"height":5}},{"id":"d3802ca5-99cb-4a3d-9458-606bf9cc9334","block_type":"box","text":"Canada","page_number":3,"box":{"x":162,"y":290,"width":33,"height":5}},{"id":"2d7ea6e0-0af3-4887-a540-bd577e72a2c5","block_type":"box","text":"3.5","page_number":3,"box":{"x":440,"y":290,"width":12,"height":5}},{"id":"c23c4e42-865d-4aa8-bba7-d595e04134c4","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":163,"y":301,"width":68,"height":6}},{"id":"ec940e59-9dbc-4fd4-99b5-ff92c653984e","block_type":"box","text":"3.0","page_number":3,"box":{"x":440,"y":301,"width":12,"height":5}},{"id":"85e66e1d-e13d-49f9-b6f9-54102138246b","block_type":"box","text":"Japan","page_number":3,"box":{"x":162,"y":312,"width":26,"height":6}},{"id":"f19d78da-3ccc-4e44-998b-0c0b44828fc0","block_type":"box","text":"2.3","page_number":3,"box":{"x":440,"y":312,"width":12,"height":5}},{"id":"371caf98-d819-40eb-8ac4-b0f14f053dfd","block_type":"box","text":"Germany","page_number":3,"box":{"x":511,"y":268,"width":39,"height":6}},{"id":"ce9d5431-b9cb-4343-bd30-32275915514b","block_type":"box","text":"2.0","page_number":3,"box":{"x":786,"y":268,"width":13,"height":5}},{"id":"df09f650-11dc-410f-9874-a036fbb249bd","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"3569a93b-70d0-4b2b-a274-756cbfa63c84","block_type":"box","text":"France","page_number":3,"box":{"x":512,"y":279,"width":28,"height":5}},{"id":"56343159-9de3-467e-af89-34334808376f","block_type":"box","text":"2.0","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"48854350-2c30-4c4d-b8a0-03d1a1555a18","block_type":"box","text":"Saudi Arabia","page_number":3,"box":{"x":511,"y":290,"width":54,"height":5}},{"id":"515124d6-ccd0-4380-8720-1e713ceda18e","block_type":"box","text":"2.0","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"1bb98ef8-94cf-45bc-87ed-99ad0fde418f","block_type":"box","text":"Mexico","page_number":3,"box":{"x":512,"y":301,"width":28,"height":5}},{"id":"c00fb308-8beb-47fb-a04e-ab99f51931c5","block_type":"box","text":"1.4","page_number":3,"box":{"x":787,"y":301,"width":12,"height":5}},{"id":"4112ebb0-f948-45d1-9f92-23585951f629","block_type":"box","text":"Australia","page_number":3,"box":{"x":511,"y":312,"width":38,"height":5}},{"id":"cf0555a6-9b59-46c1-b38d-870af8f6d9c7","block_type":"box","text":"1.3","page_number":3,"box":{"x":787,"y":312,"width":11,"height":5}},{"id":"adda6adb-bab2-4e4b-86ed-c8a42c40b170","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"e10abc29-efd5-43f2-9d1c-c0c655df0ede","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"2e717d2f-bf50-42d9-99f9-2627a7d2b485","block_type":"box","text":"AAA","page_number":3,"box":{"x":163,"y":467,"width":19,"height":5}},{"id":"d5236524-88c1-44ab-937a-30398c7cf788","block_type":"box","text":"6.6","page_number":3,"box":{"x":441,"y":467,"width":12,"height":5}},{"id":"dfc99edb-aeb1-435a-b9da-5679d3004355","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"cf3e8d70-ed7b-4365-b610-389b19c8de6b","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":512,"y":467,"width":43,"height":5}},{"id":"b970279a-7fbc-45aa-ac8f-027ccc4c17a8","block_type":"box","text":"0.0","page_number":3,"box":{"x":786,"y":467,"width":13,"height":5}},{"id":"31e5c2a4-ce9c-4ff1-9dde-73d914df4121","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":467,"width":8,"height":5}},{"id":"17948b3d-5271-4707-ae5f-b0c166d39789","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":478,"width":12,"height":5}},{"id":"0ff6d5b4-58a1-4595-9c93-702802034ce5","block_type":"box","text":"14.5","page_number":3,"box":{"x":435,"y":478,"width":18,"height":5}},{"id":"0393afd2-d481-453c-baf8-6c0f2d647bf9","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":489,"width":6,"height":5}},{"id":"fc87e88d-718d-46f5-92e3-d2a57cce3c8e","block_type":"box","text":"39.2","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"86ebdcab-6805-434a-81a4-1be2e7113494","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":500,"width":17,"height":5}},{"id":"6a8eb7a5-2342-464f-a5c0-1fab30637813","block_type":"box","text":"39.7","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"5b807534-4f3c-42c5-908c-196e96b1a186","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":511,"width":61,"height":5}},{"id":"7281df9d-7c26-4ec7-8b26-e3fc34a5d822","block_type":"box","text":"0.0","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"c41aae0d-af68-4cd5-8559-77acfa32d028","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"575d8f90-107e-4ed6-b0f6-fe821128e22d","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"e5cee9ea-1cc1-459b-8eb2-98e4118e3cae","block_type":"box","text":"Vanguard U.S. Investment Grade Credit Index Fund","page_number":3,"box":{"x":38,"y":31,"width":700,"height":19}},{"id":"659b20e1-295e-435d-b843-fcf05955fbe4","block_type":"box","text":"CHF Hedged Acc","page_number":3,"box":{"x":39,"y":55,"width":143,"height":13}},{"id":"1b60581c-3ca9-4035-bde3-8592d823034b","block_type":"box","text":"Data as at 30 September 2026 unless otherwise stated.","page_number":3,"box":{"x":39,"y":71,"width":318,"height":8}},{"id":"e0d82e66-f6a3-451b-8f71-19c72a5569b1","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":3,"box":{"x":38,"y":968,"width":658,"height":8}},{"id":"a48237f8-1f64-4bcb-ba59-8eba66f122a9","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":162,"y":603,"width":97,"height":7}},{"id":"e1606ba3-a3c1-4e9e-9c63-dfee4a828840","block_type":"box","text":"42.3","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"3cfa5d81-ae10-4b44-acbc-2f2dc4e3a22b","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"87f6cc34-3f88-478d-96f6-f47e255cb640","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":162,"y":615,"width":140,"height":7}},{"id":"73e39cc7-e332-4ac8-86d8-0e0ad51f4bcd","block_type":"box","text":"27.6","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"a2e25753-ebd2-488c-a972-4ab0621120a7","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":162,"y":627,"width":84,"height":7}},{"id":"d2f50b7f-e7f9-423f-b9f5-41f4c147f91c","block_type":"box","text":"7.6","page_number":3,"box":{"x":440,"y":627,"width":12,"height":5}},{"id":"8695c067-385f-4885-bb2b-412b106151db","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":639,"width":133,"height":7}},{"id":"96dc62f4-91d1-4567-982b-b2da33a13b64","block_type":"box","text":"6.8","page_number":3,"box":{"x":439,"y":639,"width":13,"height":5}},{"id":"6146de74-cfdd-45eb-ac74-b526fe09bc3c","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":651,"width":137,"height":7}},{"id":"7c1777ae-04ef-4c6b-be5c-aae6d1a93dba","block_type":"box","text":"6.2","page_number":3,"box":{"x":439,"y":651,"width":13,"height":5}},{"id":"faef7f39-b2b2-492d-b2ba-5ee86a58c2d3","block_type":"box","text":"Government-related - supranationals","page_number":3,"box":{"x":511,"y":603,"width":160,"height":7}},{"id":"e23387d5-2d98-41a0-9efc-cb7a1d9c9e7b","block_type":"box","text":"4.0","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"58e8da0f-ae1a-4348-ab79-21e355d11bbf","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"a3c3d441-c19f-455c-bfe3-096d8bb118b4","block_type":"box","text":"Commercial mortgage backed security","page_number":3,"box":{"x":511,"y":615,"width":166,"height":7}},{"id":"8fe81b42-fb4e-4a1c-86a1-45c9024f940b","block_type":"box","text":"2.4","page_number":3,"box":{"x":786,"y":615,"width":13,"height":5}},{"id":"14cc04bb-4ae0-4f5b-bb70-1dd39acb9b45","block_type":"box","text":"Provincials/municipals","page_number":3,"box":{"x":512,"y":627,"width":94,"height":7}},{"id":"692a139d-72fc-4e4b-a95c-e99fa276a2d6","block_type":"box","text":"1.3","page_number":3,"box":{"x":787,"y":627,"width":11,"height":5}},{"id":"0f6cbfd4-cb9c-4eb3-b1ff-38eff2d46ceb","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":639,"width":158,"height":7}},{"id":"d2c07c07-46aa-4744-85fe-4cd2a5b78a13","block_type":"box","text":"1.1","page_number":3,"box":{"x":787,"y":639,"width":12,"height":5}},{"id":"20a24ed9-1c48-42f8-b149-eb9a99ff6ac2","block_type":"box","text":"Securitised","page_number":3,"box":{"x":511,"y":651,"width":47,"height":5}},{"id":"c861ee47-a39b-4515-9d92-128c94e18639","block_type":"box","text":"0.4","page_number":3,"box":{"x":786,"y":651,"width":13,"height":5}},{"id":"4e0856b8-e6c2-4d57-9385-c25d8e2f8724","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"cf4aea02-cee5-4fa2-b368-1eafde1268b9","block_type":"box","text":"The fund characteristics section above contains a number of metrics that professional investors use to value individual stocks against a market or ind","page_number":3,"box":{"x":38,"y":760,"width":745,"height":8}},{"id":"dfcbc249-d3a4-4f05-9e60-c1209e33066b","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"422bb503-df6a-4250-bc12-266b98957475","block_type":"box","text":"metrics can also be used to value and compare funds to the market by taking the average of all the stocks held in the fund and comparing them to those","page_number":3,"box":{"x":39,"y":769,"width":761,"height":8}},{"id":"92ef119c-2c65-4776-8fc1-edbc210807f8","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"80512c35-a976-4e08-83b5-7306c2db83f3","block_type":"box","text":"benchmark index. We’ve provided a definition of the terms used for your convenience.","page_number":3,"box":{"x":39,"y":779,"width":426,"height":7}},{"id":"21d31bdd-bf7f-41e1-bc50-016df9a8bebf","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"d43767f8-8d1a-43ca-8844-e1c56ca2efa7","block_type":"box","text":"applies when the portfolio is invested into callable bonds. When it is not the case Yield to worst=Yield to maturity.","page_number":3,"box":{"x":113,"y":792,"width":566,"height":8}},{"id":"cb2d7074-fd24-429c-813f-b4f0ff890479","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"1b9a7e55-05ae-41e3-9768-53b52b913a24","block_type":"box","text":"is the average interest rate paid on the fixed income securities held by a fund. It is expressed as a percentage of face value.","page_number":3,"box":{"x":123,"y":806,"width":612,"height":8}},{"id":"8962a59c-4d49-4a8b-86e7-e00acec14dd5","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"e955e4d7-846b-43de-86e0-4a8a5296d3db","block_type":"box","text":"is the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration the possibility t","page_number":3,"box":{"x":132,"y":820,"width":719,"height":8}},{"id":"51ddcbd5-281d-446c-b0f6-44ade32b1ee8","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"2b6e0cad-1b0d-470d-b6a0-5984c6c4e853","block_type":"box","text":"issuer may call the bond before its maturity date. The figure reflects the proportion of fund assets represented by each security; it also reflects an","page_number":3,"box":{"x":39,"y":829,"width":727,"height":8}},{"id":"edfc7a2f-c574-4a9e-805b-feec286042d9","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"4f814388-c1f7-44a5-974f-7bde9c87a2a5","block_type":"box","text":"general, the longer the average effective maturity, the more a fund’s share price will fluctuate in response to changes in market interest rates.","page_number":3,"box":{"x":39,"y":839,"width":710,"height":7}},{"id":"0b3f411a-df49-4334-8b56-76a7be3dfdfe","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"4a3196b6-4255-4856-b9a1-052e32bc6b04","block_type":"box","text":"is an indicator of credit risk. This figure is the average of the ratings assigned to a fund’s fixed income holdings by credit-rating agencies. Th","page_number":3,"box":{"x":122,"y":852,"width":694,"height":8}},{"id":"3cdb3c68-68fc-44a9-bc5f-c1d76f4fe92c","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"b7b99c0c-6e42-430a-a353-6cfc21d54833","block_type":"box","text":"their judgment after appraising an issuer’s ability to meet its obligations. Quality is graded on a scale, with Aaa or AAA indicating the most cred","page_number":3,"box":{"x":38,"y":862,"width":717,"height":7}},{"id":"9fc434c9-8bfc-4a1c-830f-b9ae71e48cf3","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"a0dc197f-f3fe-4e8d-9262-5706d0deb0c6","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"e8a184bc-7e90-4ca6-9347-2f6e89aa317f","block_type":"box","text":"is an estimate of how much the value of the bonds held by a fund will fluctuate in response to a change in interest rates. To see how the value could","page_number":3,"box":{"x":130,"y":875,"width":735,"height":8}},{"id":"b2275877-e8bd-4d90-bc56-aa0d83dead1a","block_type":"box","text":"change, multiply the average duration by the change in rates. If interest rates rise by 1 percentage point, the value of the bonds in a fund with an a","page_number":3,"box":{"x":39,"y":885,"width":729,"height":8}},{"id":"54dc154e-e784-48ba-9109-3241283fb363","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"b9d5dcfc-52c5-464b-8488-20e41788f9fd","block_type":"box","text":"years would decline by about 5%. If rates decrease by a percentage point, the value would rise by 5%.","page_number":3,"box":{"x":38,"y":894,"width":505,"height":8}},{"id":"017fb52f-3eb6-4b7b-a0d3-756c655211a0","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"99f6bec1-a2b6-4f9c-b2b1-fbc0c6836293","block_type":"box","text":"reflects the amounts that may be expected to be distributed over the next twelve months as a percentage of mid-market unit price as at the date shown","page_number":3,"box":{"x":129,"y":908,"width":765,"height":8}},{"id":"4411910f-f4bf-4120-a782-d0bd1a2df518","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"11a31322-0083-46ff-95d2-fb402e0e7c42","block_type":"box","text":"It is based on a snapshot of the portfolio on that day. It does not include preliminary charge and investors may be subject to tax on distributions.","page_number":3,"box":{"x":39,"y":917,"width":719,"height":8}},{"id":"9d7941c3-1b97-4a0a-940c-f73dee2d1977","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"ff09a4f7-7db8-45e1-aa86-31d16918c9e4","block_type":"box","text":"6.6","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"ad72097a-f27f-47a9-bb02-fdad94459b2d","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"ce7db265-afc1-457d-93ac-e46da84b53d9","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"f393d6da-d80b-4f9e-bc8a-bd185a14ab09","block_type":"box","text":"9.3","page_number":3,"box":{"x":786,"y":376,"width":12,"height":5}},{"id":"b929b477-7a56-4bd9-bca2-5d04d49af584","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"e0e2730c-67e2-4385-a6b6-f1a9dfbc35d7","block_type":"box","text":"0.3","page_number":3,"box":{"x":441,"y":365,"width":12,"height":5}},{"id":"b9eb9d5a-eaf3-4eba-9da1-9d6b499a2b5c","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"c2f9d010-6963-4ab6-9a8c-d2dd3cb90d53","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"3c31c518-d899-4a87-8670-0ea1bff1736e","block_type":"box","text":"44.3","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"57850971-cf00-4c3c-8871-46a241ad30b5","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"f5922d1b-9cfb-44c6-8740-18faa3bfdb91","block_type":"box","text":"28.1","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"4a513518-dac6-4316-ae8f-41cf68016f85","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"44d1801f-b7f2-4f2e-b0b4-4e78e6db1b59","block_type":"box","text":"6.0","page_number":3,"box":{"x":441,"y":398,"width":12,"height":5}},{"id":"6d9f56ca-1145-4f72-b588-07fd451a2987","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"bcee953f-3b4c-4b85-a8f9-d11dcdf4da55","block_type":"box","text":"5.4","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"d1d24a09-0fdf-4ee1-9312-134fc219c388","block_type":"box","text":"*The allocations are subject to circumstances such as timing differences between trade and settlement dates of underlying securities, that may result","page_number":3,"box":{"x":39,"y":672,"width":748,"height":7}},{"id":"84615d01-fbc7-49ea-8bf1-88e246e4a0dc","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"bf737c94-6141-4687-8804-9733ac145851","block_type":"box","text":"The fund may also employ certain derivative instruments for cash management or risk management purposes that may also result in negative weightings. A","page_number":3,"box":{"x":38,"y":682,"width":781,"height":8}},{"id":"8b9d16c8-aa34-4ce8-a7df-5f0d3b29faa0","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"2283520f-0a76-48d3-8321-de00f06cad88","block_type":"box","text":"subject to change. Cash includes physical cash on the account, cash like instruments (such as ultra-short term treasury bonds) and derivative instru","page_number":3,"box":{"x":39,"y":693,"width":734,"height":8}},{"id":"d4e0802b-da80-4832-aa0e-0f9729c82aeb","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"2cb9dbea-adda-40ef-a043-6e4ccd529642","block_type":"box","text":"Credit-quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Service, Fitch Ratings and Standard","page_number":3,"box":{"x":39,"y":537,"width":739,"height":8}},{"id":"6bd1f888-0a92-440d-8798-26b23e8b0ec2","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"25d9ce50-30b1-4364-9819-5aff7e52aaa1","block_type":"box","text":"from all three agencies are available, the median rating is used. When ratings are available from two of the agencies, the lower rating is used. When","page_number":3,"box":{"x":38,"y":548,"width":739,"height":8}},{"id":"83cf45aa-ad09-472a-ad25-e5ea63d14b79","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"a8371dc4-8a6c-483c-a406-3cd4f43455c3","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"a843fada-6a94-4cdd-ab8d-001bed8e10cc","block_type":"box","text":"Vanguard U.S. Investment Grade Credit Index Fund","page_number":4,"box":{"x":38,"y":31,"width":741,"height":21}},{"id":"2247bd1e-d5d0-4993-977a-71666c8fb254","block_type":"box","text":"CHF Hedged Acc","page_number":4,"box":{"x":39,"y":57,"width":143,"height":13}},{"id":"40ddb9d2-78fd-4701-a9a8-ec34bd81f8a4","block_type":"box","text":"9531EN_092026","page_number":4,"box":{"x":897,"y":971,"width":69,"height":6}},{"id":"152c79bd-9ed3-43b3-a8e5-950a171570ed","block_type":"box","text":"Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority.","page_number":4,"box":{"x":39,"y":961,"width":627,"height":7}},{"id":"1d3a5b50-b14a-49f4-b79c-ddced7900987","block_type":"box","text":"© 2026 Vanguard Asset Management, Limited. All rights reserved.","page_number":4,"box":{"x":39,"y":970,"width":323,"height":7}},{"id":"6c7a4889-13a4-4de7-a283-bb863153cf65","block_type":"box","text":"For more information contact your local sales team or:","page_number":4,"box":{"x":39,"y":412,"width":305,"height":8}},{"id":"79cddda4-7e0b-44df-a601-bad5fff11670","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":425,"width":169,"height":8}},{"id":"ad35eb21-449c-4fc9-949c-38d0dc8004e4","block_type":"box","text":"Transfer Agent (Europe): Tel. +353 1 241 7144","page_number":4,"box":{"x":38,"y":436,"width":224,"height":8}},{"id":"fadc9404-0078-4d0e-95b5-1e0d22e79d5b","block_type":"box","text":"Client Services (Europe): Tel. +44 (0)203 753 4305","page_number":4,"box":{"x":39,"y":447,"width":250,"height":7}},{"id":"a876ea17-bdaf-46a0-9dd6-0b48b9cef842","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":457,"width":30,"height":6}},{"id":"1dfbc045-f347-4fd1-84c0-a69553eac31b","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":457,"width":209,"height":8}},{"id":"80143131-a3c1-4f5a-a3f0-d1c274332fdf","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":476,"width":126,"height":8}},{"id":"df6c665e-6941-4707-b9b7-d0d359cc14c3","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":494,"width":179,"height":7}},{"id":"23fc9f27-5ca6-47de-81c1-78e33876821a","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":4,"box":{"x":38,"y":511,"width":595,"height":8}},{"id":"ead84110-64b6-4c94-94f7-236c68036ad6","block_type":"box","text":"For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KIID before making any fin","page_number":4,"box":{"x":39,"y":530,"width":744,"height":8}},{"id":"7c0b12b0-d8fe-4ff6-b3fb-4d9a181e49bd","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":530,"width":138,"height":6}},{"id":"d044e4c2-a95c-4332-ae07-bdc0625a6a3e","block_type":"box","text":"KIID for this fund is available, alongside the prospectus via Vanguard’s website https://global.vanguard.com/.","page_number":4,"box":{"x":39,"y":539,"width":548,"height":8}},{"id":"a03a6255-9917-47e8-a5b9-e0f1ac8b468c","block_type":"box","text":"This document is designed for use by and is directed only at persons resident in the UK.","page_number":4,"box":{"x":38,"y":553,"width":432,"height":8}},{"id":"6b7a5ea6-a21b-48e2-a033-484c614db453","block_type":"box","text":"The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any ju","page_number":4,"box":{"x":38,"y":567,"width":709,"height":7}},{"id":"9568f9f1-44aa-434d-b8c7-7de935bbe9d1","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":567,"width":161,"height":6}},{"id":"36135688-80b3-4a51-a768-9ca8b0b06bda","block_type":"box","text":"solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solic","page_number":4,"box":{"x":39,"y":576,"width":716,"height":8}},{"id":"183e9414-4c71-46b5-97f7-18271ce11c01","block_type":"box","text":"itation is not qualified to do so. The","page_number":4,"box":{"x":756,"y":576,"width":175,"height":8}},{"id":"46087e10-2cda-438e-a436-315663852914","block_type":"box","text":"information in this document is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult t","page_number":4,"box":{"x":39,"y":586,"width":733,"height":7}},{"id":"2416b8f2-41b0-4316-9c1e-2e46f74dad0a","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":586,"width":160,"height":7}},{"id":"f0e3d0e9-3f40-49a6-8948-06c2adafd1fd","block_type":"box","text":"implications of making an investment in, holding or disposing of ''units/shares'', and the receipt of distribution from any investment.","page_number":4,"box":{"x":39,"y":595,"width":661,"height":8}},{"id":"e2f35313-aba9-4d2e-98a1-412090e41591","block_type":"box","text":"Vanguard Investment Series plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in","page_number":4,"box":{"x":38,"y":609,"width":717,"height":7}},{"id":"7736d8b6-78f0-4b00-a34f-fe156f4b21bf","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":609,"width":168,"height":6}},{"id":"e80a1997-bffe-406b-a48e-17c5288426b4","block_type":"box","text":"Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own profess","page_number":4,"box":{"x":39,"y":618,"width":743,"height":8}},{"id":"79b309f2-0e69-4b1b-9082-54920854718f","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":618,"width":101,"height":6}},{"id":"69a50c8f-bcf4-4173-97fb-0a6ce9b2a245","block_type":"box","text":"implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares und","page_number":4,"box":{"x":39,"y":627,"width":744,"height":8}},{"id":"4644c3a6-09d1-4cc0-a90b-fa9922614ae5","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":627,"width":142,"height":7}},{"id":"21375411-97fb-45d9-97c4-4c29e0931eb8","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":637,"width":163,"height":7}},{"id":"2b3a00e2-e2cd-45bc-9700-0290c3a55b12","block_type":"box","text":"The Manager of Vanguard Investment Series plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor of Vanguar","page_number":4,"box":{"x":38,"y":651,"width":758,"height":7}},{"id":"e5697c51-15c8-4cba-9883-04c63f803816","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":651,"width":117,"height":7}},{"id":"8fbc7d9f-c9bc-4fbe-bbd3-10039ece9235","block_type":"box","text":"The Manager of the Ireland-domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in a","page_number":4,"box":{"x":38,"y":666,"width":774,"height":8}},{"id":"a12ef8aa-eb59-4a0c-ac4a-3b5098ea6eab","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":666,"width":95,"height":6}},{"id":"d2714520-cc33-4642-96b2-3a7fdc883344","block_type":"box","text":"UCITS Directive, as may be amended from time to time.","page_number":4,"box":{"x":39,"y":675,"width":278,"height":8}},{"id":"5f97e15d-90bd-4633-a619-d82e6efc33ba","block_type":"box","text":"For investors in Ireland-domiciled funds, a summary of investor rights can be obtained via","page_number":4,"box":{"x":39,"y":689,"width":445,"height":7}},{"id":"daf31e08-102a-4d65-b6e7-f010f5592cb7","block_type":"box","text":"https://www.ie.vanguard/content/dam/intl/europe/documents/en/vanguard-investors-rights-summary-irish-funds-jan22.pdf and is available in English, Ge","page_number":4,"box":{"x":39,"y":698,"width":790,"height":8}},{"id":"6afc2f45-e8b5-4d69-90ab-db8a6cb3c547","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":698,"width":67,"height":7}},{"id":"0aaa175d-468e-49cc-bfb2-eb04134fbc59","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":707,"width":133,"height":8}},{"id":"26de06e3-7f09-4edc-8709-9d9defb153ea","block_type":"box","text":"BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services","page_number":4,"box":{"x":39,"y":736,"width":757,"height":8}},{"id":"29a11c8a-66a5-4990-87ac-8eae08c247b9","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":736,"width":143,"height":8}},{"id":"79e6d03c-5643-49fc-a0e9-81ccb82c240b","block_type":"box","text":"“Bloomberg”), or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices.","page_number":4,"box":{"x":39,"y":746,"width":452,"height":7}},{"id":"cd36c729-0e90-4699-8048-ad5bc41e4659","block_type":"box","text":"The products are not sponsored, endorsed, issued, sold or promoted by “Bloomberg.” Bloomberg makes no representation or warranty, express or imp","page_number":4,"box":{"x":38,"y":759,"width":747,"height":8}},{"id":"a2fe4d1a-e856-43f1-98d0-5ed081ee506a","block_type":"box","text":"lied, to the owners or","page_number":4,"box":{"x":787,"y":759,"width":104,"height":7}},{"id":"a8cead4a-53e4-48f0-8c79-8f2ee0f0520d","block_type":"box","text":"purchasers of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly","page_number":4,"box":{"x":39,"y":769,"width":729,"height":7}},{"id":"7d78cb37-9ca3-4e02-81ff-783f53fff774","block_type":"box","text":"or the ability of the Bloomberg","page_number":4,"box":{"x":771,"y":769,"width":153,"height":7}},{"id":"51b4c237-6ae3-4451-89dc-4d9572845180","block_type":"box","text":"Indices to track general bond market performance. Bloomberg shall not pass on the legality or suitability of the products with respect to any person o","page_number":4,"box":{"x":39,"y":778,"width":745,"height":8}},{"id":"ab264b6d-6571-41e7-a543-6b988992adb7","block_type":"box","text":"r entity. Bloomberg’s only","page_number":4,"box":{"x":786,"y":778,"width":127,"height":8}},{"id":"ea3094ea-92a3-4731-a63b-30f1416507c8","block_type":"box","text":"relationship to Vanguard and the products are the licensing of the Bloomberg Indices which are determined, composed and calculated by BISL without reg","page_number":4,"box":{"x":39,"y":787,"width":769,"height":8}},{"id":"4dd98ca6-64f2-4ed5-a67a-066eaba9deb0","block_type":"box","text":"ard to Vanguard or the","page_number":4,"box":{"x":809,"y":787,"width":114,"height":8}},{"id":"273f06fb-f6e9-4e75-82df-e49d9d195b97","block_type":"box","text":"products or any owners or purchasers of the products. Bloomberg has no obligation to take the needs of the products or the owners of the products into","page_number":4,"box":{"x":39,"y":797,"width":760,"height":7}},{"id":"f5715495-1747-402f-b046-23e583ff7dc8","block_type":"box","text":"consideration in","page_number":4,"box":{"x":802,"y":797,"width":78,"height":6}},{"id":"851733d7-2630-43ff-a487-b5ea6028fba3","block_type":"box","text":"determining, composing or calculating the Bloomberg Indices. Bloomberg shall not be responsible for and has not participated in the determination of t","page_number":4,"box":{"x":39,"y":806,"width":753,"height":8}},{"id":"a5050be7-4a0b-48d4-a903-8dcb70e6a427","block_type":"box","text":"he timing of, prices at, or","page_number":4,"box":{"x":793,"y":806,"width":124,"height":8}},{"id":"f893dbd0-e9f5-435e-b162-54fb90ea50d4","block_type":"box","text":"quantities of the products to be issued. Bloomberg shall not have any obligation or liability in connection with the administration, marketing or trad","page_number":4,"box":{"x":39,"y":816,"width":734,"height":7}},{"id":"40e367e0-788f-4ba0-bc41-e0d899ffc784","block_type":"box","text":"ing of the products.","page_number":4,"box":{"x":774,"y":816,"width":97,"height":7}},{"id":"efcb5dea-872d-477e-a870-d502cc8a8e42","block_type":"box","text":"SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC.","page_number":4,"box":{"x":39,"y":829,"width":506,"height":8}},{"id":"00b5d5c3-6299-4736-b0d3-e8f769010d30","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":839,"width":326,"height":7}},{"id":"cf70a813-fe82-4d2b-a3cb-33470a535f6c","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":839,"width":98,"height":6}},{"id":"57b2c583-537b-489a-b7bb-e9afafa70d53","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"3a14288a-c430-43f5-babc-5819569987c6","block_type":"box","text":"The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.","page_number":4,"box":{"x":38,"y":125,"width":603,"height":7}},{"id":"9eaf3de1-1d0b-4258-bede-015a4cef4add","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":4,"box":{"x":39,"y":138,"width":302,"height":8}},{"id":"ac677bf6-3830-4b3b-a108-34d7dba56e6b","block_type":"box","text":"Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level","page_number":4,"box":{"x":39,"y":152,"width":723,"height":8}},{"id":"ba53b50f-d9fe-42e2-b08f-9cf0b2742b96","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":152,"width":124,"height":8}},{"id":"7f8d4a62-dcb6-4e9c-b9c6-f53bf49d16a1","block_type":"box","text":"Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such","page_number":4,"box":{"x":39,"y":162,"width":731,"height":7}},{"id":"7300fb3b-2cae-4eca-8848-b8b5bc02a9d4","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":162,"width":141,"height":7}},{"id":"51b012e4-f5db-45d9-89cd-cb4b1b8dd70f","block_type":"box","text":"increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in in","page_number":4,"box":{"x":39,"y":171,"width":751,"height":8}},{"id":"25442933-70c3-4008-b81b-b54e007e0624","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":171,"width":118,"height":8}},{"id":"03f43f8c-5762-4050-a94b-0c42b92cb625","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":180,"width":164,"height":8}},{"id":"1b24302a-0f56-46ac-a1ea-e11c62acbc67","block_type":"box","text":"The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":194,"width":744,"height":8}},{"id":"e6ad8cd1-9c7a-40c2-a13f-092fffbc9617","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":194,"width":112,"height":8}},{"id":"2801826e-14cd-4c21-b25d-842ab8864986","block_type":"box","text":"assets and result in greater fluctuations of the Fund’s net asset value. A derivative is a financial contract whose value is based on the value of","page_number":4,"box":{"x":39,"y":203,"width":706,"height":8}},{"id":"4b7c033b-de70-498a-b96f-6461d01a9cee","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":203,"width":167,"height":8}},{"id":"356e16b3-8040-465f-87bf-40c88f44d755","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":213,"width":182,"height":8}},{"id":"88a61272-3a89-4f05-8e60-de74419a2e77","block_type":"box","text":"Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investmen","page_number":4,"box":{"x":39,"y":227,"width":761,"height":7}},{"id":"1d89c01c-a57f-4737-b7f7-250bde95cdb6","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":227,"width":11,"height":6}},{"id":"de9e1dd6-2f83-4dbb-ba83-3c676d02d60f","block_type":"box","text":"For further information on risks, please see the ’Risk Factors’ section of the prospectus on our website at https://global.vanguard.com.","page_number":4,"box":{"x":39,"y":240,"width":673,"height":8}}],"unit":"per_mille","page_width":595,"page_height":842,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":4}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"b245514b-ce44-49e6-a817-1f4d50770d1f"},"user_id":1000002,"date_created":"2026-10-15T22:22:57.689000Z","date_modified":"2026-10-15T22:22:57.689000Z","private":false}