{"annotation_id":"16b13a63-4f29-4384-bb1c-20e8944c34ab","file_hash":"ff59797c978c9584186aebd3f51aa6e188026cd2124ed44fedb4d3fc6e19b90b","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"9fad7aff-632f-472c-bf83-d1ddcc236955","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"7adb89d2-0584-4736-b752-3452243516c7","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"ba3e4fa5-8a10-469e-93f3-81d29be1bb25","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"0ce56817-17cb-4fc2-b03a-ebea5758e59c","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"f45f0a9b-1cee-40ab-985b-7654b8d5a944","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"0cd83206-0e02-4240-af1c-06e12e544871","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"ba9dcd24-e3e5-4496-b46f-15c99f5639d5","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"1ee184f7-bc7f-4749-83ff-494a668850dd","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"c677eced-3530-4266-a252-4e0a61c597ce","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"4f8ff456-c239-4cf1-a1e0-725214d8988e","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"3c5b01a3-6455-4891-9595-bae2faff89c5","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"2569a9fa-e43e-4e23-bbc6-bedcebb636fc","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"33949476-614f-4879-84c7-be266f30cea8","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"1335f71e-f3d3-4efb-a293-acb78bb9bda5","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"3bae05fe-5158-414a-bf22-71e3f58906db","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"1f754f7c-b4d2-414e-882e-c0adf848cd5f","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"6d590ae4-5fa0-42f3-b512-7fa3be7749eb","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"665ab975-a6d0-486d-a8ea-555a1e6fb832","block_type":"box","text":"$5,000,000","page_number":1,"box":{"x":39,"y":344,"width":49,"height":7}},{"id":"d77af5f0-7e83-479b-bf53-147fe1dcac49","block_type":"box","text":"IE00BJHGQZ02","page_number":1,"box":{"x":142,"y":345,"width":67,"height":5}},{"id":"9bba20bd-f32c-416b-a790-29ee7bb556e7","block_type":"box","text":"BJHGQZ0","page_number":1,"box":{"x":239,"y":345,"width":42,"height":5}},{"id":"d9228b8a-ce1a-41db-ba47-7ef11bbef39f","block_type":"box","text":"VGCIAUD","page_number":1,"box":{"x":305,"y":345,"width":41,"height":5}},{"id":"d0eb85fd-5a4d-4b61-9736-184b7380b49f","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"5463c27e-fbb7-4fa2-b0a3-7e972777e708","block_type":"box","text":"4","page_number":1,"box":{"x":489,"y":345,"width":5,"height":5}},{"id":"3507fcaf-386e-43c5-bde1-7253cc4b6a3c","block_type":"box","text":"H03434AU","page_number":1,"box":{"x":562,"y":345,"width":46,"height":5}},{"id":"95dec91a-ff54-420d-92d8-d3a8fb561f10","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"9740af7a-7148-4853-9f46-bae46ea91d0f","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"d754997c-3a0d-4aa6-8451-af77cbdd1de0","block_type":"box","text":"Daily (12:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":98,"height":6}},{"id":"b815e52e-fecd-4aa1-a4e1-e5b5ff7a2933","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"c8e5eeb6-df3b-4565-ad41-1dd17b6e037b","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"b99df347-f17a-4b58-a1ca-efb92ae6b7f8","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"7bca8054-9373-43f8-9806-0745a348f790","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"bb047814-47ef-4d8b-a216-3bd9e736d96f","block_type":"box","text":"Vanguard Global Credit Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":501,"height":20}},{"id":"ae7576f5-096a-4b12-8408-85bdec6c2270","block_type":"box","text":"Institutional AUD Hedged Acc","page_number":1,"box":{"x":40,"y":198,"width":253,"height":13}},{"id":"1740c752-4f85-4b8a-b11e-aebe6a21e6a8","block_type":"box","text":"Inception date: 18 September 2019","page_number":1,"box":{"x":40,"y":215,"width":252,"height":10}},{"id":"02066b8a-06b3-476c-bd4e-07dac2200b44","block_type":"box","text":"Total assets (million) $3,184","page_number":1,"box":{"x":38,"y":231,"width":159,"height":8}},{"id":"f3b9978e-2823-4d2c-9e43-bbd2b74141e6","block_type":"box","text":"|","page_number":1,"box":{"x":202,"y":232,"width":1,"height":7}},{"id":"954d57bf-0bef-45a3-af9d-3a90663f7d35","block_type":"box","text":"Share class assets (million) $6 as at 30 September 2026","page_number":1,"box":{"x":208,"y":231,"width":320,"height":9}},{"id":"34f403a4-5ee1-4dde-aa7f-a67a42cdc039","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"8117726a-c89f-4b5f-913d-6a0d3dfd5be8","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"58d61117-d683-4884-95b4-dcf550b80d94","block_type":"box","text":"0.30 %","page_number":1,"box":{"x":228,"y":433,"width":35,"height":6}},{"id":"3d59f5e4-850e-4bc8-8b95-f197e7a2f7d1","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":"7ee84d5d-587b-43f5-8750-0015b5f5928a","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"03c2daa4-0c52-42aa-8f6f-e4b7571cb0b2","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"8eec84de-40b5-48f9-ae77-b080d522ff40","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"f136892e-9a41-4374-a5a4-b5a5ac699780","block_type":"box","text":"The Fund seeks to provide a moderate and sustainable level of current income by investing in a diversified portfolio of global credit bonds.","page_number":1,"box":{"x":51,"y":483,"width":685,"height":8}},{"id":"7a4b03ff-9ba3-40fe-afbf-85ef02512019","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":498,"width":3,"height":2}},{"id":"750570a1-f774-4101-a478-6ca6a3812b38","block_type":"box","text":"The Fund employs an “active management” strategy, and while the Fund will invest substantially in components of the Bloomberg Global Aggregate C","page_number":1,"box":{"x":51,"y":496,"width":750,"height":7}},{"id":"5d32f3f7-e2d6-445b-9484-81500e466122","block_type":"box","text":"redit Index, its investment","page_number":1,"box":{"x":802,"y":496,"width":130,"height":7}},{"id":"e572f388-360a-4cf1-97df-141c821bc7ed","block_type":"box","text":"manager will follow distinct approaches in managing the Fund’s assets.","page_number":1,"box":{"x":51,"y":506,"width":356,"height":8}},{"id":"7e2d4ba9-6e55-4080-a854-9a9889c42834","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":521,"width":3,"height":2}},{"id":"2728dc7f-f969-4d1d-8b1f-a1af259ce1fd","block_type":"box","text":"The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security sel","page_number":1,"box":{"x":51,"y":518,"width":730,"height":8}},{"id":"a45c8e0f-546b-4b4b-a19e-8f2c7f38f7ba","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":518,"width":152,"height":7}},{"id":"98983de1-707a-4465-a4c5-43d26c0bd3ac","block_type":"box","text":"basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the I","page_number":1,"box":{"x":51,"y":529,"width":752,"height":8}},{"id":"7048b343-629d-4ca1-b245-d96ed65d3719","block_type":"box","text":"ndex may be restricted by","page_number":1,"box":{"x":805,"y":529,"width":128,"height":8}},{"id":"3d3b4e51-2acc-4743-8201-f0332a1e5047","block_type":"box","text":"constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of","page_number":1,"box":{"x":51,"y":540,"width":743,"height":7}},{"id":"2125c9a8-02c3-4d98-bdde-564331448fb0","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":540,"width":160,"height":7}},{"id":"7c6cbdca-9c5d-4113-b0f0-ac68634f7b26","block_type":"box","text":"change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.","page_number":1,"box":{"x":51,"y":550,"width":607,"height":8}},{"id":"0b6aa6ad-148d-4233-9fd3-261adb5ccf98","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":572,"width":133,"height":8}},{"id":"f5c239b7-3655-46d0-aeb0-ecb18425b51c","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":38,"y":591,"width":193,"height":7}},{"id":"798353bd-fd76-47d1-a7d9-327e7e12c3a4","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"156ef65d-031b-442f-82a3-8d352529389e","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"97f7477e-084a-4bae-8897-3f1743aa06cd","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":"290e800d-9dfe-4545-92f0-62d028021449","block_type":"box","text":"Vanguard Global Credit Bond Fund","page_number":2,"box":{"x":38,"y":31,"width":501,"height":21}},{"id":"1ad503ec-9a01-4e5e-b1d3-34f7d15608de","block_type":"box","text":"Institutional AUD Hedged Acc","page_number":2,"box":{"x":40,"y":57,"width":253,"height":13}},{"id":"b9f6fd89-6c7f-4f1d-a71f-7e51523cc512","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"f53b8823-56a5-4ecf-8ed6-0c22d885f627","block_type":"box","text":"AUD","page_number":2,"box":{"x":38,"y":142,"width":23,"height":6}},{"id":"d30fda61-28bf-4445-8ceb-8ed5cc09b5d4","block_type":"box","text":"—","page_number":2,"box":{"x":61,"y":145,"width":8,"height":1}},{"id":"3b108430-2290-4931-96ae-8b3e2439ce5b","block_type":"box","text":"Vanguard Global Credit Bond Fund","page_number":2,"box":{"x":70,"y":142,"width":174,"height":8}},{"id":"4e78a607-2a49-4f2a-bb97-5a861ccbeb63","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"e4e8406f-7288-4459-b516-365c523d597d","block_type":"box","text":"— Bloomberg Global Aggregate Credit Index hedged into Australian dollars","page_number":2,"box":{"x":98,"y":153,"width":372,"height":7}},{"id":"09b94ba8-7fe7-4305-a153-fe2aea4dccf9","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":622,"width":7,"height":0}},{"id":"b856635a-5306-4919-81c9-0b8df35970a8","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":622,"width":7,"height":0}},{"id":"14911199-7740-433e-ae85-14a916c13a5b","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":622,"width":7,"height":0}},{"id":"a4977f15-9d4b-41ae-92bb-1d628da463f7","block_type":"box","text":"01 Oct 2019","page_number":2,"box":{"x":429,"y":601,"width":53,"height":5}},{"id":"398dca1d-8d69-48e9-85f5-3bd2538078d3","block_type":"box","text":"-","page_number":2,"box":{"x":456,"y":613,"width":2,"height":0}},{"id":"ad2e2878-b033-4927-828f-4bca8f5ef57d","block_type":"box","text":"30 Sep 2020","page_number":2,"box":{"x":429,"y":619,"width":53,"height":6}},{"id":"1ec19da2-1fb6-4e17-9c80-99754bafa70f","block_type":"box","text":"01 Oct 2020","page_number":2,"box":{"x":507,"y":601,"width":53,"height":5}},{"id":"349335f5-9cc7-467a-91ba-c6e491b4abeb","block_type":"box","text":"-","page_number":2,"box":{"x":533,"y":613,"width":2,"height":0}},{"id":"78946219-b6b8-4a0e-aea1-16f2d5a85990","block_type":"box","text":"30 Sep 2021","page_number":2,"box":{"x":506,"y":619,"width":54,"height":6}},{"id":"90b35bf4-57d6-478f-92e9-9e28a0244b36","block_type":"box","text":"01 Oct 2021","page_number":2,"box":{"x":584,"y":601,"width":53,"height":5}},{"id":"6730bdb7-28ae-487d-b90c-fd22b1cac7f0","block_type":"box","text":"-","page_number":2,"box":{"x":610,"y":613,"width":3,"height":0}},{"id":"7ad778ad-1d77-48da-8839-f8817735a8e5","block_type":"box","text":"30 Sep 2022","page_number":2,"box":{"x":584,"y":619,"width":53,"height":6}},{"id":"3be6c2a2-eba8-4447-9135-38430bddae55","block_type":"box","text":"01 Oct 2022","page_number":2,"box":{"x":661,"y":601,"width":53,"height":5}},{"id":"27e107d7-e54f-4113-babe-22a96ab41a7f","block_type":"box","text":"-","page_number":2,"box":{"x":688,"y":613,"width":2,"height":0}},{"id":"eca23ad2-2ecf-40f2-9100-e5aa0be013f4","block_type":"box","text":"30 Sep 2023","page_number":2,"box":{"x":661,"y":619,"width":53,"height":6}},{"id":"b5f5b313-c4c7-4c03-9ff8-f44ec9d87dbd","block_type":"box","text":"01 Oct 2023","page_number":2,"box":{"x":739,"y":601,"width":53,"height":5}},{"id":"667f9622-5d65-41c4-afe5-edfa62d6547e","block_type":"box","text":"-","page_number":2,"box":{"x":765,"y":613,"width":3,"height":0}},{"id":"6b30cd22-2297-479b-a1c5-2e7ebcf30a29","block_type":"box","text":"30 Sep 2024","page_number":2,"box":{"x":739,"y":619,"width":53,"height":6}},{"id":"057bc64c-ddae-44ef-980c-618c5081fb2d","block_type":"box","text":"01 Oct 2024","page_number":2,"box":{"x":816,"y":601,"width":53,"height":5}},{"id":"f296184d-41ef-4469-8fc1-dd92b7a6902f","block_type":"box","text":"-","page_number":2,"box":{"x":843,"y":613,"width":2,"height":0}},{"id":"d6bed5a6-8fa9-48c2-9f2b-0816829d420f","block_type":"box","text":"30 Sep 2025","page_number":2,"box":{"x":816,"y":619,"width":53,"height":6}},{"id":"1ad4a17a-eb8d-4112-9c5b-5630ee846242","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":894,"y":601,"width":53,"height":5}},{"id":"b73a025b-58f2-4a0b-8e36-a33241ceacee","block_type":"box","text":"-","page_number":2,"box":{"x":920,"y":613,"width":3,"height":0}},{"id":"7b521d61-01d4-44fa-ad69-41a37d15f458","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":894,"y":619,"width":53,"height":6}},{"id":"e13b4ab1-7834-4b97-908a-c5cf3e7f8b3a","block_type":"box","text":"Fund","page_number":2,"box":{"x":63,"y":635,"width":20,"height":5}},{"id":"9788938f-000c-40c0-ae12-33f34c8dc84b","block_type":"box","text":"(Net of expenses)","page_number":2,"box":{"x":87,"y":635,"width":62,"height":6}},{"id":"a7dd78fe-d172-4827-8544-b4dcfbcfd23e","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":639,"width":7,"height":0}},{"id":"2b574e87-b607-44fa-bad8-a70284a1985b","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":639,"width":7,"height":0}},{"id":"74caf758-7a1e-4c6c-84d5-f1033c62a89b","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":639,"width":7,"height":0}},{"id":"0b0cfa16-71bf-4cf7-b75a-b51bc3036b99","block_type":"box","text":"8.52%","page_number":2,"box":{"x":442,"y":636,"width":27,"height":5}},{"id":"0d1eafa6-23b6-4506-a865-01f1d7817b77","block_type":"box","text":"2.54%","page_number":2,"box":{"x":520,"y":636,"width":26,"height":5}},{"id":"6e5ba25b-03d1-490a-a9da-4b40f08fe59f","block_type":"box","text":"-16.93%","page_number":2,"box":{"x":592,"y":636,"width":36,"height":5}},{"id":"b3b9956a-1a48-4043-b112-d1f9ef40d1bb","block_type":"box","text":"2.73%","page_number":2,"box":{"x":675,"y":636,"width":26,"height":5}},{"id":"9cdf0153-59e5-4ce6-9fc8-d3348f4436f1","block_type":"box","text":"12.35%","page_number":2,"box":{"x":749,"y":636,"width":32,"height":5}},{"id":"f813e44f-baa1-4532-9d38-247276f4216d","block_type":"box","text":"4.04%","page_number":2,"box":{"x":829,"y":636,"width":27,"height":5}},{"id":"7c6ef450-7dfe-4661-9c70-3b2098c45844","block_type":"box","text":"-0.53%","page_number":2,"box":{"x":905,"y":636,"width":30,"height":5}},{"id":"d40238db-7f7b-45ee-a918-653bbe4c60ee","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":651,"width":48,"height":6}},{"id":"df55ad47-2633-4ef0-9338-cbd29af42ffc","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":656,"width":7,"height":0}},{"id":"bbba7870-64d4-42ff-acac-c4eb8e7b5af2","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":656,"width":7,"height":0}},{"id":"202f5722-415f-4ee6-9e17-b1ab1a36c44e","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":656,"width":7,"height":0}},{"id":"43edf54c-808d-4f08-8e25-fe94abe04009","block_type":"box","text":"4.57%","page_number":2,"box":{"x":442,"y":653,"width":27,"height":5}},{"id":"7720f395-af2a-4a7f-b7c6-762d8e0b1f12","block_type":"box","text":"1.16%","page_number":2,"box":{"x":520,"y":653,"width":26,"height":5}},{"id":"6db4ccc9-992b-4f81-9d4c-f856423bc303","block_type":"box","text":"-17.47%","page_number":2,"box":{"x":592,"y":653,"width":36,"height":5}},{"id":"409b3917-231b-4e24-8fe7-12316effb2a3","block_type":"box","text":"2.39%","page_number":2,"box":{"x":675,"y":653,"width":26,"height":5}},{"id":"8097380f-593c-43ea-8892-0a1f37f13e65","block_type":"box","text":"11.07%","page_number":2,"box":{"x":749,"y":653,"width":32,"height":5}},{"id":"7180862f-4431-4723-b048-dd4d80aba522","block_type":"box","text":"3.57%","page_number":2,"box":{"x":829,"y":653,"width":27,"height":5}},{"id":"89f83b6d-4c31-4986-9e34-047fb0ea41ae","block_type":"box","text":"-0.86%","page_number":2,"box":{"x":905,"y":653,"width":30,"height":5}},{"id":"d28f7c57-7092-475b-8900-3f9ffa038962","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":196,"width":148,"height":8}},{"id":"41494560-c0f1-47d7-b699-830eabe0f7e4","block_type":"box","text":"1 month","page_number":2,"box":{"x":281,"y":196,"width":41,"height":6}},{"id":"fab32aeb-a9ba-4006-8d3d-06709ab1aad9","block_type":"box","text":"Quarter","page_number":2,"box":{"x":374,"y":196,"width":39,"height":6}},{"id":"23e168c6-4f14-4dfc-9f69-75dd78e76ec6","block_type":"box","text":"Year to","page_number":2,"box":{"x":468,"y":186,"width":36,"height":6}},{"id":"9533a896-9afa-490c-ad12-027b04c0dc02","block_type":"box","text":"date","page_number":2,"box":{"x":482,"y":196,"width":22,"height":6}},{"id":"6ea1e883-a775-4742-bec1-fe1c0d313efb","block_type":"box","text":"1 year","page_number":2,"box":{"x":552,"y":196,"width":30,"height":8}},{"id":"05f98a3a-71da-491a-9d0c-c1248d0a09f7","block_type":"box","text":"3 years","page_number":2,"box":{"x":627,"y":196,"width":35,"height":8}},{"id":"06981b66-efb8-424b-a35c-819d09b529d2","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":196,"width":36,"height":8}},{"id":"1095deb5-c609-49ce-8ad4-c22d64d32cf4","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":196,"width":41,"height":8}},{"id":"ddfb3d96-522d-4cba-8e6c-25421a4ff06f","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":186,"width":26,"height":6}},{"id":"d780fa26-61d7-4d6a-849b-7288e43fb91f","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":196,"width":44,"height":8}},{"id":"d53b4041-efa3-4aec-8855-561c2cef7af2","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":214,"width":20,"height":5}},{"id":"9fd3d115-17fc-4d70-91ec-b610dcae06d2","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":214,"width":59,"height":6}},{"id":"6af9c060-3e53-49fa-ad61-520f069bbce4","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":214,"width":3,"height":6}},{"id":"d2ddaf8a-94b6-40d9-b6ff-df28e1fb88d0","block_type":"box","text":"-2.42%","page_number":2,"box":{"x":291,"y":214,"width":30,"height":5}},{"id":"a461b165-25ed-4aee-a25d-d1bb1040f47c","block_type":"box","text":"-3.21%","page_number":2,"box":{"x":382,"y":214,"width":31,"height":5}},{"id":"6660487a-c443-47f9-9e15-05c472be1252","block_type":"box","text":"-1.48%","page_number":2,"box":{"x":474,"y":214,"width":30,"height":5}},{"id":"5e8b722a-112c-4b34-90b8-f35a9bee3fc8","block_type":"box","text":"-0.53%","page_number":2,"box":{"x":551,"y":214,"width":30,"height":5}},{"id":"61628308-4d3f-4d99-88d2-b06713a4d6d5","block_type":"box","text":"5.15%","page_number":2,"box":{"x":635,"y":214,"width":27,"height":5}},{"id":"02359125-6999-483a-8aa3-49ea95bd2bed","block_type":"box","text":"-0.16%","page_number":2,"box":{"x":729,"y":214,"width":30,"height":5}},{"id":"668c287b-0c64-4025-b535-f115a5b0da38","block_type":"box","text":"—","page_number":2,"box":{"x":848,"y":217,"width":6,"height":0}},{"id":"1b9af94a-af02-44cd-ae30-5ace89e62007","block_type":"box","text":"1.52%","page_number":2,"box":{"x":925,"y":214,"width":27,"height":5}},{"id":"a2a73d98-902d-4432-a8bb-39d074ea20e7","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":230,"width":48,"height":6}},{"id":"b43321cb-a5a2-4292-ba1b-1a8a9346dab4","block_type":"box","text":"-2.10%","page_number":2,"box":{"x":291,"y":229,"width":30,"height":5}},{"id":"4b338812-ead0-4978-9118-951d2452ab5a","block_type":"box","text":"-3.01%","page_number":2,"box":{"x":382,"y":229,"width":31,"height":5}},{"id":"a863c2a1-4f44-4281-91c2-936e3ff54ce2","block_type":"box","text":"-1.69%","page_number":2,"box":{"x":474,"y":229,"width":30,"height":5}},{"id":"39ea5e50-dfc7-45c6-b9fe-ebc92c677478","block_type":"box","text":"-0.86%","page_number":2,"box":{"x":551,"y":229,"width":30,"height":5}},{"id":"6249a1ab-6db2-4ff3-9d80-2bafd2b8e6b4","block_type":"box","text":"4.48%","page_number":2,"box":{"x":635,"y":229,"width":27,"height":5}},{"id":"d7b60047-5a94-47c3-b727-776f05b22827","block_type":"box","text":"-0.74%","page_number":2,"box":{"x":729,"y":229,"width":30,"height":5}},{"id":"d9ca5a2e-a6ec-4fc2-9fda-120843aa5153","block_type":"box","text":"1.50%","page_number":2,"box":{"x":828,"y":229,"width":26,"height":5}},{"id":"1a0e8f7f-2264-407a-bb20-fd7a7a6de38b","block_type":"box","text":"0.36%","page_number":2,"box":{"x":925,"y":229,"width":27,"height":5}},{"id":"b0c50281-bdbe-45db-8663-9a4c706b7699","block_type":"box","text":"**In this document the performance displayed for the Fund(s) and therefore relative performance to the benchmark index may be impacted by swing pric","page_number":2,"box":{"x":39,"y":246,"width":766,"height":7}},{"id":"1d95db52-a2ce-4fb1-a090-fb29424ba0c6","block_type":"box","text":"ing. The NAV of a Fund","page_number":2,"box":{"x":806,"y":246,"width":115,"height":7}},{"id":"d2042ca8-989a-4430-8cf5-7f2ffc7e6e25","block_type":"box","text":"may swing according to subscription/redemption activity so that transaction costs caused by these cashflows are not borne by the existing holders in a","page_number":2,"box":{"x":39,"y":255,"width":754,"height":8}},{"id":"d3962922-5c90-4bad-b770-883398b9d477","block_type":"box","text":"Fund. The benchmark","page_number":2,"box":{"x":798,"y":255,"width":109,"height":6}},{"id":"e75880f3-8ec0-42e7-bec5-14e89cd1cc91","block_type":"box","text":"index is not affected by swing pricing and therefore you may see tracking difference between the performance of the Fund and the benchmark.","page_number":2,"box":{"x":39,"y":264,"width":715,"height":8}},{"id":"0fe3a577-9575-42c7-9631-bfa0e5f97184","block_type":"box","text":"Performance and Data is calculated on closing NAV as at 30 September 2026.","page_number":2,"box":{"x":39,"y":278,"width":390,"height":8}},{"id":"31ce7d10-9520-4977-9540-1d7bdc907173","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":2,"box":{"x":39,"y":292,"width":307,"height":7}},{"id":"a0e38a10-2dfc-4457-bdd9-03c81ab778ba","block_type":"box","text":"Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Performance figures include the","page_number":2,"box":{"x":39,"y":306,"width":736,"height":7}},{"id":"1b4598d5-cad8-41ec-a264-63eb83a6d048","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":306,"width":143,"height":6}},{"id":"826d5e27-e603-4fd4-b88b-b3db22d48c11","block_type":"box","text":"and any capital gains distributions. The performance data does not take account of the commissions and costs incurred in the issue and redemption of s","page_number":2,"box":{"x":39,"y":315,"width":759,"height":8}},{"id":"86bbf54a-d20b-4413-bd87-d0dfe0646088","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":315,"width":97,"height":6}},{"id":"35c427fa-3664-46a7-aae4-34132367d29a","block_type":"box","text":"performance is NAV to NAV. Basis of index performance is total return. All performance is calculated in AUD, net of fees.","page_number":2,"box":{"x":39,"y":324,"width":604,"height":8}},{"id":"2328793d-6672-4215-b9ef-45e3676bd02a","block_type":"box","text":"The Fund invests in securities which are denominated in currencies other than the share class currency. Movements in currency exchange rates can affec","page_number":2,"box":{"x":38,"y":338,"width":759,"height":8}},{"id":"cc675ca5-9a08-439b-9666-e40228c7653c","block_type":"box","text":"t the return of","page_number":2,"box":{"x":798,"y":338,"width":71,"height":6}},{"id":"e0f3dfe6-64e9-4a91-a4dd-4df2054ee20d","block_type":"box","text":"investments. Currency hedging techniques are used to minimise the risks associated with movements in currency exchange rates but these risks cannot be","page_number":2,"box":{"x":39,"y":347,"width":769,"height":8}},{"id":"d22b8c17-126b-4916-b9bf-079aa0f66c09","block_type":"box","text":"eliminated entirely. As","page_number":2,"box":{"x":812,"y":347,"width":110,"height":8}},{"id":"f7a7be09-869f-45a6-a86c-809099213db5","block_type":"box","text":"this information relates to a share class where such techniques are used, for the purposes of the “Past performance” section above, the performa","page_number":2,"box":{"x":38,"y":357,"width":727,"height":7}},{"id":"e62baf8f-2ee8-427c-88c1-b2e9e8967355","block_type":"box","text":"nce of this share class is shown","page_number":2,"box":{"x":766,"y":357,"width":154,"height":6}},{"id":"5f0841d9-38a6-4710-b8c3-c11e00a58562","block_type":"box","text":"against the Bloomberg Global Aggregate Credit Index hedged into Australian dollars (the “Hedged Index”), which is a currency hedged version of","page_number":2,"box":{"x":39,"y":366,"width":720,"height":8}},{"id":"2bc566b5-fd4d-4af3-87dc-637dcc37b3af","block_type":"box","text":"the Index.","page_number":2,"box":{"x":762,"y":366,"width":48,"height":6}},{"id":"cb7d3fe6-aa37-425a-aa56-8eb0384c2ae0","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":380,"width":88,"height":8}},{"id":"5c05aec0-e9ac-45f6-bd78-165132ddce75","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":429,"width":167,"height":8}},{"id":"e410cc15-6d64-430c-8097-87d4c4752fb8","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":"d6b57e2c-f5c3-462b-99f5-349b286d472d","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":696,"width":117,"height":7}},{"id":"e6bf3660-82fe-4bf5-a3b0-6f2bd1f0ba80","block_type":"box","text":"The value of bonds and fixed income-related securities is affected by influential factors such as interest rates, inflation, credit spreads and volati","page_number":2,"box":{"x":38,"y":710,"width":721,"height":8}},{"id":"f14c3e18-3bb8-4cea-857d-540b6fcb6ef8","block_type":"box","text":"lity which, in turn, are driven by","page_number":2,"box":{"x":761,"y":710,"width":154,"height":8}},{"id":"33d8fc41-153f-4267-86d8-e8220509cc10","block_type":"box","text":"other factors including political, economic news, company earnings and significant corporate events. Currency hedging may not completely eliminate cur","page_number":2,"box":{"x":39,"y":720,"width":760,"height":8}},{"id":"ceb219df-1976-4044-8abd-bfcc42ab7fca","block_type":"box","text":"rency risk in the Fund, and","page_number":2,"box":{"x":800,"y":720,"width":129,"height":8}},{"id":"77fa6b31-ff2d-42f3-90ce-30a469673fc2","block_type":"box","text":"may affect the performance of the Fund.","page_number":2,"box":{"x":39,"y":730,"width":205,"height":7}},{"id":"482b5ea6-e0b9-485d-b36e-da3d81777165","block_type":"box","text":"Credit risk. The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.","page_number":2,"box":{"x":39,"y":744,"width":608,"height":8}},{"id":"7012352a-7ea7-4638-97b2-3a4a28882733","block_type":"box","text":"Liquidity risk. Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.","page_number":2,"box":{"x":39,"y":758,"width":627,"height":8}},{"id":"1e928403-a291-425b-a8ae-4f29126b8075","block_type":"box","text":"Counterparty risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or oth","page_number":2,"box":{"x":39,"y":772,"width":734,"height":8}},{"id":"4c49185a-4828-4ba5-b77c-c16e6367d1f3","block_type":"box","text":"er instruments, may expose the","page_number":2,"box":{"x":774,"y":772,"width":157,"height":8}},{"id":"c63b8568-4f75-4273-8866-5d9321fba587","block_type":"box","text":"Fund to financial loss.","page_number":2,"box":{"x":39,"y":782,"width":107,"height":6}},{"id":"3b53a32f-f9f7-4637-99b3-0f0fa9d3e34e","block_type":"box","text":"Inflation risk. The value of your investments may not be worth as much in the future due to changes in purchasing power resulting from inflation.","page_number":2,"box":{"x":39,"y":796,"width":721,"height":8}},{"id":"383035ea-8929-459b-945c-b6bf032cf1c2","block_type":"box","text":"Please also read the risk factors section in the prospectus and the Key Investor Information Document, both of which are available on the Vanguard web","page_number":2,"box":{"x":39,"y":812,"width":772,"height":8}},{"id":"85a1149a-d924-4b58-b77a-b5517915d48f","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":812,"width":22,"height":6}},{"id":"7f07e979-ba33-49a3-af3c-be5aa7f71115","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"f9eb1b81-80b6-4f37-9deb-f3a19c580ff0","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"4da0d2ea-c42b-476d-a445-cd641db4c650","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"cdbad8cd-839f-4147-a53e-97a7cec80afa","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"ae28c6e4-0800-4c62-ba81-fdd8aebf7066","block_type":"box","text":"1,775","page_number":3,"box":{"x":607,"y":107,"width":23,"height":6}},{"id":"3f4dec07-1562-4bb7-a986-0436e39df5b8","block_type":"box","text":"21,736","page_number":3,"box":{"x":782,"y":107,"width":29,"height":6}},{"id":"b3b5b873-7a60-49dc-8c7c-4eab11b9aa4b","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"21cf34ac-f0f3-4d5b-985a-28b013971591","block_type":"box","text":"5.62%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"9440e6f9-174f-40bd-a9e4-260f37baf914","block_type":"box","text":"5.36%","page_number":3,"box":{"x":785,"y":118,"width":26,"height":5}},{"id":"00947b30-5738-486f-9e8c-3da3d0e851ae","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"66f26adc-61f9-49a3-9b88-051e3c5225fa","block_type":"box","text":"4.8%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"73c9d57f-1cae-468e-9d60-7f074b10ad03","block_type":"box","text":"4.1%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"37126f0e-7443-46a1-b003-a420f9f0ba73","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"01d77b20-348f-4330-be58-7041fca4d8f1","block_type":"box","text":"8.4 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"d7dc3efb-24c5-4b98-b9f1-fc5291306dbe","block_type":"box","text":"8.2 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"8737da79-2e9b-4994-bd0b-c1b4a47984aa","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"cc332cba-9a29-4776-981e-e5edc61b8faa","block_type":"box","text":"A-","page_number":3,"box":{"x":621,"y":153,"width":9,"height":5}},{"id":"353aba09-c34d-4fe4-9c7f-cd9fae435f34","block_type":"box","text":"A","page_number":3,"box":{"x":806,"y":153,"width":6,"height":5}},{"id":"66576090-f7a1-432d-9c93-dbf06d74307d","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"77ab4007-5ba3-4546-b9d9-67cd30f7f4b2","block_type":"box","text":"5.6 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"56015dd4-1b20-4637-8aac-27c4664acee1","block_type":"box","text":"5.6 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"67aea000-aa85-428a-8de8-231d73278e2f","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"3c5f2053-99cf-4258-afd7-0f0d750e603b","block_type":"box","text":"-0.6%","page_number":3,"box":{"x":605,"y":176,"width":25,"height":5}},{"id":"c81bff12-cadb-4ac8-a250-dd721683f330","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"8c338425-a9ff-426d-9dd8-1e026c02bfb2","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"f2670791-e7b4-49d8-bba6-1013772d5d77","block_type":"box","text":"584%","page_number":3,"box":{"x":605,"y":188,"width":25,"height":5}},{"id":"0a6be955-cfe2-457b-9c80-e89904d59c1e","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"9433d325-2070-4683-ad04-02444e8e987e","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":"15085182-08fe-4399-925c-450c89caf2c1","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"5b6af18f-5af5-4a60-8cd0-fa2f07ce072f","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":"85c8ea2f-1400-4a33-b625-2d57aa12daef","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"8771ec89-c5b5-4f2d-bdc6-2aaee8dbb905","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":"b1db9798-7c21-4a74-95b7-cadf0e50b8dd","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"07332ba9-1f98-4065-8cb5-a403f7f2b10f","block_type":"box","text":"United States","page_number":3,"box":{"x":163,"y":268,"width":58,"height":5}},{"id":"580632e3-004b-4147-b8b5-409f591e41f4","block_type":"box","text":"43.6","page_number":3,"box":{"x":434,"y":268,"width":18,"height":5}},{"id":"ff6bad06-9454-4af9-8bdb-08e786b81d2f","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"2ef7426e-b0d3-4ae8-be55-3f643f2a0eb8","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":163,"y":279,"width":68,"height":6}},{"id":"e705eeb2-9a14-462a-80df-ba362d80f5fd","block_type":"box","text":"7.1","page_number":3,"box":{"x":440,"y":279,"width":12,"height":5}},{"id":"2903f939-6015-4430-8149-d7623ab1c466","block_type":"box","text":"Australia","page_number":3,"box":{"x":162,"y":290,"width":38,"height":5}},{"id":"08afb3cc-1d35-4400-bba4-e7e49bbf10e2","block_type":"box","text":"5.8","page_number":3,"box":{"x":440,"y":290,"width":12,"height":5}},{"id":"5052aba2-1a73-4c82-b9d4-133df05642af","block_type":"box","text":"Supranational","page_number":3,"box":{"x":162,"y":301,"width":60,"height":6}},{"id":"5a3148c3-1593-481c-a6aa-ba3785c4373a","block_type":"box","text":"5.3","page_number":3,"box":{"x":440,"y":301,"width":12,"height":5}},{"id":"b2456dca-a75e-4bda-a241-be356ae44f92","block_type":"box","text":"Germany","page_number":3,"box":{"x":162,"y":312,"width":39,"height":6}},{"id":"750f38ee-629f-4b49-aaed-10c18bb6526e","block_type":"box","text":"5.1","page_number":3,"box":{"x":440,"y":312,"width":12,"height":5}},{"id":"a362f312-b0a1-4d3a-88df-da790dc882d8","block_type":"box","text":"Italy","page_number":3,"box":{"x":512,"y":268,"width":18,"height":6}},{"id":"ed65ec95-58ad-4e08-96ab-db4a16f09e00","block_type":"box","text":"4.1","page_number":3,"box":{"x":786,"y":268,"width":13,"height":5}},{"id":"56f42573-cecf-4d90-a680-ffd0cff08d6d","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"3820f0ae-85ca-49e2-b4e7-fd7dca0438a0","block_type":"box","text":"France","page_number":3,"box":{"x":512,"y":279,"width":28,"height":5}},{"id":"5861bb55-72cc-4e38-a663-7011b3032f9d","block_type":"box","text":"3.7","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"174dc286-a62d-4131-94d6-e0f96741433e","block_type":"box","text":"Austria","page_number":3,"box":{"x":511,"y":290,"width":30,"height":5}},{"id":"f5274fe7-f9b8-46e6-86f7-8a402c685c7b","block_type":"box","text":"2.5","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"bcc692b2-5cef-4918-a935-2149dc645f23","block_type":"box","text":"Lithuania","page_number":3,"box":{"x":512,"y":301,"width":39,"height":5}},{"id":"d5336558-d637-4f2f-9092-01d57ec522ad","block_type":"box","text":"1.8","page_number":3,"box":{"x":787,"y":301,"width":12,"height":5}},{"id":"b9df4b18-b12d-4fa8-9ada-803d558e455c","block_type":"box","text":"Switzerland","page_number":3,"box":{"x":511,"y":312,"width":51,"height":5}},{"id":"24218e69-9d65-4c56-a7d2-9528390b437a","block_type":"box","text":"1.3","page_number":3,"box":{"x":787,"y":312,"width":11,"height":5}},{"id":"a866512f-e3e0-40f6-b237-d6295c8f43a0","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"dcb65782-26e2-4262-91e7-8d42a8530a55","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"77e5853c-8f35-490d-b54d-51a07903e25e","block_type":"box","text":"AAA","page_number":3,"box":{"x":163,"y":467,"width":19,"height":5}},{"id":"9eabc47d-da2d-42b6-a924-598f54177086","block_type":"box","text":"4.4","page_number":3,"box":{"x":441,"y":467,"width":12,"height":5}},{"id":"6e5f4a10-a4bf-4962-bbee-3aa7461745a4","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"f3a06238-9a56-478a-ad68-3a4918f959bb","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":512,"y":467,"width":43,"height":5}},{"id":"c85c0327-b5dd-48a4-9599-9426aa767e85","block_type":"box","text":"0.4","page_number":3,"box":{"x":786,"y":467,"width":13,"height":5}},{"id":"f6da9f66-e6a4-4e7f-baa0-6d8e5dea12ed","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":467,"width":8,"height":5}},{"id":"2b56e106-2ad5-4dcc-8ac5-e134f6b84d37","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":478,"width":12,"height":5}},{"id":"fd895fe2-c073-48cf-9459-504de90b99f9","block_type":"box","text":"9.2","page_number":3,"box":{"x":441,"y":478,"width":12,"height":5}},{"id":"aaa4135b-513f-43bf-a892-966cf83eefce","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":489,"width":6,"height":5}},{"id":"5a872c67-6ff3-4d73-ae78-3d645b00483d","block_type":"box","text":"25.6","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"917e00a6-86ca-47e5-bbca-512edc6ec648","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":500,"width":17,"height":5}},{"id":"f9c55abd-00bf-4970-8395-c160cae72baa","block_type":"box","text":"55.2","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"fc731178-bba3-470f-bdef-49066786a9a8","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":511,"width":61,"height":5}},{"id":"8060dd0f-d0a2-479b-858b-a7fdb8b4c0cc","block_type":"box","text":"5.2","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"9fd97278-f8ef-474a-ac2e-217db5e77a01","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"386f2161-ed9e-4298-b703-3967bcecff99","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"3cd041a7-fe9c-48b0-b336-05bb03c22b9e","block_type":"box","text":"Vanguard Global Credit Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":474,"height":19}},{"id":"9fc11d18-f2e0-4d11-af3a-ff492dc4c596","block_type":"box","text":"Institutional AUD Hedged Acc","page_number":3,"box":{"x":40,"y":55,"width":253,"height":13}},{"id":"49a1c885-449b-4bbb-9d83-d7713e8bee1d","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":"10928550-dc11-40eb-bbc5-b1b4658cdab8","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":"9f3b569b-3be2-461b-87bc-67bd01e158e4","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":162,"y":603,"width":140,"height":7}},{"id":"b11869e2-8f43-4a7e-9bf1-78c62429a4f9","block_type":"box","text":"33.1","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"b8d784d9-879a-467a-a218-75f8a889a59a","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"70fe5f32-d21d-45b1-a27e-cc713f9414c0","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":162,"y":615,"width":97,"height":7}},{"id":"6e228996-bbce-4d1e-9352-e0f9ac30aab0","block_type":"box","text":"29.9","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"b5f97e85-b6d7-4357-9904-9958584072be","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":162,"y":627,"width":84,"height":7}},{"id":"e65673be-11d1-4a70-ac0b-e977f780bd36","block_type":"box","text":"8.7","page_number":3,"box":{"x":439,"y":627,"width":13,"height":5}},{"id":"5cf5719d-81ef-475b-8710-aa9ee4cfeb48","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":639,"width":133,"height":7}},{"id":"9acb1d87-7ea8-4791-a46e-8311cb0c8229","block_type":"box","text":"7.6","page_number":3,"box":{"x":440,"y":639,"width":12,"height":5}},{"id":"a106aade-acea-4d72-ac1c-9d20ce47d6fd","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":651,"width":72,"height":7}},{"id":"10a72e5b-34b6-4cb0-a4b8-1b9af6018a65","block_type":"box","text":"7.3","page_number":3,"box":{"x":440,"y":651,"width":12,"height":5}},{"id":"7f12884f-88ca-4959-b939-98f936664ef2","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":511,"y":603,"width":137,"height":7}},{"id":"97ad7cd1-cb78-49b6-b64b-07ea347132e0","block_type":"box","text":"6.1","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"9a5b6caf-606e-4bef-bc89-ba1b984e6115","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"d9ce34ce-6f6d-474d-85f7-f31e4477c6b1","block_type":"box","text":"Government-related - supranationals","page_number":3,"box":{"x":511,"y":615,"width":160,"height":7}},{"id":"8c8b1a3f-5866-4b2b-bd92-2b4d9258ce2f","block_type":"box","text":"5.3","page_number":3,"box":{"x":786,"y":615,"width":12,"height":5}},{"id":"b6231902-9308-4f88-bd4f-67c73cbe6c84","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":627,"width":25,"height":5}},{"id":"86125921-c29a-4cb3-bdd4-8fa10efe53f1","block_type":"box","text":"1.3","page_number":3,"box":{"x":787,"y":627,"width":11,"height":5}},{"id":"7def103a-ffa7-4e01-8935-972d9a5ad59f","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":639,"width":158,"height":7}},{"id":"617720a9-c8d1-4270-b929-ba427c8707b0","block_type":"box","text":"1.2","page_number":3,"box":{"x":787,"y":639,"width":11,"height":5}},{"id":"1b2dfa76-5dfd-4e7e-bb96-b8bc6892c89c","block_type":"box","text":"Provincials/municipals","page_number":3,"box":{"x":512,"y":651,"width":94,"height":7}},{"id":"b3c326e9-56b3-4a2b-aa80-497229f8c883","block_type":"box","text":"0.1","page_number":3,"box":{"x":786,"y":651,"width":13,"height":5}},{"id":"2229be24-06b1-47c2-a2f4-0458d9bd82ea","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"edb04c32-f2cb-4abe-9fde-f5d0cb2e2246","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":"fc318a39-1a63-477e-a199-a7184533cc29","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"52d88644-e78b-4c40-9656-9f29d46bc5ee","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":"c0d7ca45-b994-4be7-9c2d-18765e6d55a3","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"5152041d-3f02-479b-87ab-63f1e21a8275","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":"bf881ce2-54aa-4ba9-88d2-02bf52fcbd9d","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"7733d22f-359d-46a2-b70a-bd7e9cd33c14","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":"dc541042-cb64-455d-8761-ec7ca3138ce0","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"1c653c8b-d3d0-4d83-a4e1-ceaed4c7514f","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":"3dac7d76-b0f7-49bc-898f-f5dadcc6ccbd","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"14d81a9d-a87c-4538-9433-cc393ef809c4","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":"c26a2cbf-9740-4205-ad5c-dab67dd3c37f","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"aaba46b7-c167-4ec3-b075-7f8adcfdcf1e","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":"a18f15ab-6b34-4954-915a-2efeb0a31cfc","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"219142e2-2150-4f39-8daa-76a776b6a4a6","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":"65e4e8a3-ea02-40ff-ab94-fca39bdbf02f","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"a976706f-e9f2-4d5f-81d9-992764820082","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":"84cd7f77-3fd4-4211-bf7e-1dda3592c192","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"f9fefe36-5186-499b-98d6-eb329aa303ba","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":"cd777f45-826b-41b4-9b54-1badd3af9e97","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"4d797c79-de33-4840-800f-10fa979971eb","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"e0aab6df-1581-4960-9501-50f27ff2d367","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":"8b183725-f319-4573-b23a-1d717903dd4d","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":"1be91153-9b46-4c61-a0e6-d6c4cd9d58d8","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"3a9c38e8-0b53-4c23-a33a-a4fd04a22f76","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":"05be991a-ca70-4056-a871-2d22d05ff6d5","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"7a074a52-9905-4294-a53d-d20b9b46d3e5","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":"31070180-fbf4-4c24-a421-339c0b8ccae1","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"dce941c6-5ec8-4536-9a94-5276f778b6a6","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":"b7734d94-240c-4c3e-aa80-0aa158254086","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"78ae0709-a819-412b-8b8c-e895f9868b04","block_type":"box","text":"2.5","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"290c1391-e275-455b-b999-38bfe72a3000","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"86122cc8-ca53-4b29-8134-b5329938eb52","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"747fb755-be6a-4a84-bafe-de7d6e212c92","block_type":"box","text":"9.9","page_number":3,"box":{"x":786,"y":376,"width":13,"height":5}},{"id":"c58c1e9c-bd0e-4c1d-89fd-68b97eefb4aa","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"4b4534d9-af99-49da-b736-23abe40e119a","block_type":"box","text":"0.7","page_number":3,"box":{"x":441,"y":365,"width":12,"height":5}},{"id":"2e5a267d-e293-4f07-8890-6dbb334dbf01","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"08085cf3-c27e-416d-bba8-75e8708f881d","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"3fdbf953-0b69-4787-8b53-6e4aaf3b7eb6","block_type":"box","text":"37.2","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"fc6dc63c-8f97-4299-8fe0-6597d64f9c5e","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"ba8fab0a-3f44-4a37-a55a-5e22011d8348","block_type":"box","text":"36.2","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"1d5c0dbb-8dac-4b25-aa32-32e0fc3f0fd0","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"1ab6e85e-539e-4b06-b1c4-d04afeab9c7e","block_type":"box","text":"8.4","page_number":3,"box":{"x":441,"y":398,"width":12,"height":5}},{"id":"ce4a6cc8-8da0-4297-91f3-3a1314b57ed5","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"3d687fdc-e7ea-43d4-bd25-5d3aa4a570a5","block_type":"box","text":"5.0","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"bd34c5ba-a398-4709-b841-e47fc72f13f9","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":"93786317-1147-408a-b559-942765ddaa29","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"801b6cf3-e6ba-4698-8035-6c8c3a3a9913","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":"3d569d53-1b5a-4e0d-8543-ed0d19e8806a","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"f7829b74-1714-40ef-b0a5-559f60aa3b09","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":"f817285f-961f-439b-b833-b1c895fa374a","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"55df2166-89b8-4ed6-9d1e-faf35b6e1236","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":"4be3e6a3-c6ee-4215-b245-5b45dacba662","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"86d6ff94-6ec5-4c73-bfd7-a902fd09e63c","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":"68a28ee0-4ce8-4e3d-aeed-dde9751d3415","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"a7d18f80-8735-48fe-abd7-d99a9a5180cd","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"b560ef51-52ad-4aa0-a382-89fc50493907","block_type":"box","text":"Vanguard Global Credit Bond Fund","page_number":4,"box":{"x":38,"y":31,"width":501,"height":21}},{"id":"b9d3d6e5-efc3-4694-b596-f65e9a81ec43","block_type":"box","text":"Institutional AUD Hedged Acc","page_number":4,"box":{"x":40,"y":57,"width":253,"height":13}},{"id":"3215f260-6fa4-4b5e-856e-7b960823396f","block_type":"box","text":"9547EN_092026","page_number":4,"box":{"x":895,"y":971,"width":71,"height":6}},{"id":"9ce46811-442d-44f8-a602-4d970876ee3b","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":"1ad453c3-9a02-469c-9760-49fd8d0f40a5","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":"49907bd5-0803-444f-bfd6-f42c02048771","block_type":"box","text":"For more information contact your local sales team or:","page_number":4,"box":{"x":39,"y":426,"width":305,"height":8}},{"id":"876f1220-7622-47af-a87a-0730c5ef8060","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"14eed78c-c165-43bc-9c05-e6b56bf5408a","block_type":"box","text":"Transfer Agent (Europe): Tel. +353 1 241 7144","page_number":4,"box":{"x":38,"y":450,"width":224,"height":7}},{"id":"e336d742-65d7-47f2-8780-513809218a77","block_type":"box","text":"Client Services (Europe): Tel. +44 (0)203 753 4305","page_number":4,"box":{"x":39,"y":460,"width":250,"height":8}},{"id":"068c4864-8980-4779-b581-9cd0db1cf265","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"e216d433-ab92-480f-ac82-6ae66e5112a5","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"fd4b37b7-043a-4131-a3bc-26f4a3d4a416","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"787080bb-b4c8-4bce-95cd-7607a4193dc7","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"d18a5efb-040d-4750-9b62-bb2d104a4f74","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":525,"width":595,"height":7}},{"id":"34f3df98-658e-4a5a-95f7-2e5391330ef6","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":544,"width":744,"height":7}},{"id":"9d56214c-8fd4-4380-b43c-1fd0145df50c","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"667bc752-b4e9-4681-8cf8-6fabb52c62f5","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":553,"width":548,"height":8}},{"id":"b27b36a2-63e4-47cf-9a28-141e234a7509","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":567,"width":432,"height":7}},{"id":"085c8c34-2098-4878-8ab3-88b265c4b350","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":580,"width":709,"height":8}},{"id":"3530b5f6-1ecd-4d8d-add4-568f7f10b819","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"57c96954-4213-4aa6-876f-1e61cbaa3510","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":590,"width":716,"height":8}},{"id":"74bf4530-4b93-4e5e-bd8b-736001175fd0","block_type":"box","text":"itation is not qualified to do so. The","page_number":4,"box":{"x":756,"y":590,"width":175,"height":7}},{"id":"425ff56e-ed7b-4ccb-81bc-9e10e0d682ba","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":599,"width":733,"height":8}},{"id":"b5ea0c8f-21e9-44f1-8d8b-f2202f1ae327","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"e8de6280-7b49-48e4-ae1c-b0bd3f6b2104","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":608,"width":661,"height":8}},{"id":"7f2a9d45-5d72-4f6b-90ab-5ca09daef1e4","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":622,"width":717,"height":8}},{"id":"85ed841a-56cd-43e5-867f-5857fc9319c0","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"18fe7ad8-d926-4e08-be9c-920782739570","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":632,"width":743,"height":7}},{"id":"83393a6d-2937-4201-ba89-02227093dc00","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"ceeb71c8-a9cf-4104-a42d-fb8aee0a1eb1","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":641,"width":744,"height":8}},{"id":"9361c574-7037-475c-ada7-4d078e9cccf9","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"305773cf-6b9f-4c87-88f4-77fb28cae363","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"14cf7202-54c1-4dc1-80b7-dd8471d2da77","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":664,"width":758,"height":8}},{"id":"af9d69d7-05ad-4173-8e02-dc14a1c804f3","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"81cfe49e-efef-4891-9002-c124790a3a76","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":680,"width":774,"height":7}},{"id":"ff4cce9b-c193-41cb-ae9a-f22eb6549df1","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"5031293f-3495-414c-9436-0c3596da3186","block_type":"box","text":"UCITS Directive, as may be amended from time to time.","page_number":4,"box":{"x":39,"y":689,"width":278,"height":8}},{"id":"4fdd27aa-f7c6-4a46-9b52-b5dff2c1721b","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":702,"width":445,"height":8}},{"id":"865e7876-5d03-4596-9879-ee91ce1e0226","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":711,"width":790,"height":8}},{"id":"0a7e95ef-7d9b-4aa4-8fb0-d182bbb11c03","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"e09776f1-df43-4981-a4de-6af05e981589","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"e0fd6831-109d-4338-88c2-904a4f0e7b3e","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":750,"width":757,"height":7}},{"id":"a3221bc7-6a70-4d6b-a11d-c2448ba258c7","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":750,"width":143,"height":7}},{"id":"fedcea87-9b3d-452c-bb30-cc5c9c02c18c","block_type":"box","text":"“Bloomberg”), or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices.","page_number":4,"box":{"x":39,"y":759,"width":452,"height":8}},{"id":"bf021724-41a1-43eb-b5ae-7a85b82f368f","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":773,"width":747,"height":8}},{"id":"72de0fe8-06e6-4f3f-a362-8c71d21cc6b1","block_type":"box","text":"lied, to the owners or","page_number":4,"box":{"x":787,"y":773,"width":104,"height":7}},{"id":"df00c986-5a40-4243-9812-96c095a0af8c","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":782,"width":729,"height":8}},{"id":"58eaa683-64d3-4dd4-80c9-0c1645223785","block_type":"box","text":"or the ability of the Bloomberg","page_number":4,"box":{"x":771,"y":782,"width":153,"height":8}},{"id":"e32e0dca-6dca-4dae-9fc1-c80c25a166cf","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":792,"width":745,"height":7}},{"id":"cc6dbb02-14ac-4e1c-ad96-bde810b2cfe2","block_type":"box","text":"r entity. Bloomberg’s only","page_number":4,"box":{"x":786,"y":792,"width":127,"height":7}},{"id":"5a026d27-1407-4bbf-b747-a224d8039aee","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":801,"width":769,"height":8}},{"id":"358fca20-1c32-4fb2-833c-f3fcd32ef5b6","block_type":"box","text":"ard to Vanguard or the","page_number":4,"box":{"x":809,"y":801,"width":114,"height":8}},{"id":"dbf76537-cad5-4fbf-8555-fede3c8f2ee4","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":810,"width":760,"height":8}},{"id":"9c40c6c6-c171-4c55-9319-a2cf7785e388","block_type":"box","text":"consideration in","page_number":4,"box":{"x":802,"y":811,"width":78,"height":6}},{"id":"b0ac1583-fd9d-4c4d-8706-b68e17594e2f","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":820,"width":753,"height":8}},{"id":"a6f0236c-9cc4-4bed-a5c3-6e5e1de3a33c","block_type":"box","text":"he timing of, prices at, or","page_number":4,"box":{"x":793,"y":820,"width":124,"height":8}},{"id":"2c8b393d-ca81-44d5-8f08-0b0d6f88ccad","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":829,"width":734,"height":8}},{"id":"2a54f4c5-278a-41b4-ada3-90deff2fdb02","block_type":"box","text":"ing of the products.","page_number":4,"box":{"x":774,"y":829,"width":97,"height":8}},{"id":"2b1b3e54-6619-45a6-994c-96741c9b3ce5","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":843,"width":506,"height":8}},{"id":"8b92c948-b9ee-453d-bb6e-493a25aaef25","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":852,"width":326,"height":8}},{"id":"5d86b0bd-6000-4a5c-924f-aa8e52f50e7f","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":852,"width":98,"height":6}},{"id":"dc80c49a-8c22-4101-9282-95459c1a0a03","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"f4838bf2-a847-476e-98c6-b72042376a91","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":"44aab5b1-df89-404d-ad26-22bf883e674b","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":"4d7df061-d4a3-48e2-9562-7882c65849af","block_type":"box","text":"Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or f","page_number":4,"box":{"x":39,"y":152,"width":761,"height":8}},{"id":"61842cce-fcf1-4f3a-accb-ba58c988f3ee","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"498cdb80-0689-4513-bda6-ad6b17199450","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":166,"width":723,"height":8}},{"id":"c87adb17-18f7-4f35-9019-b4564268b0f6","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"19b0afbd-9be8-4386-b120-b52a2940bf48","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":175,"width":731,"height":8}},{"id":"769d5629-560e-43d9-90f3-340837d7a32a","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"e5640839-7df0-4ab0-a4f2-c351e23b146f","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":185,"width":751,"height":7}},{"id":"340d8944-f0bf-4742-95fe-7f93bf4bc45c","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"9a29e40b-8d0c-4e88-8404-fb5db51bd423","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"53a08832-84e1-4330-93da-1305ec9d938c","block_type":"box","text":"The Fund may use derivatives, including for investment purposes, in order to reduce risk or cost and/or generate extra income or growth. For all other","page_number":4,"box":{"x":38,"y":207,"width":745,"height":8}},{"id":"cdabe97f-ac92-4633-9379-a073a62abcbb","block_type":"box","text":"funds they will be used to","page_number":4,"box":{"x":787,"y":208,"width":126,"height":7}},{"id":"b8825fc6-de04-4e01-9fe6-9b36bfb858f9","block_type":"box","text":"reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result i","page_number":4,"box":{"x":39,"y":217,"width":741,"height":8}},{"id":"2196e7fc-eaa5-46c1-9dc8-7525d15b895e","block_type":"box","text":"n greater fluctuations of the","page_number":4,"box":{"x":782,"y":217,"width":141,"height":8}},{"id":"86d4da65-1442-4fa8-b504-f65c51daa590","block_type":"box","text":"Fund’s net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or cur","page_number":4,"box":{"x":39,"y":227,"width":702,"height":7}},{"id":"943b0ba8-250a-4384-9a0f-db22a7ae6e09","block_type":"box","text":"rency) or a market index.","page_number":4,"box":{"x":742,"y":227,"width":123,"height":7}},{"id":"eb1093f4-a7bb-4915-bddb-4a1c64021495","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":240,"width":761,"height":8}},{"id":"c2763c77-c81a-45f7-9f85-79cb1b64972a","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"128f98df-ae2d-483b-ab12-fb47265def54","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":254,"width":674,"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":"589b712d-bc4f-4963-a433-e5e5187d1472"},"user_id":1000002,"date_created":"2026-10-15T22:23:12.619000Z","date_modified":"2026-10-15T22:23:12.619000Z","private":false}