{"annotation_id":"1a534902-8c39-4e08-ae3e-86428d1f3a0c","file_hash":"7002da6ad6864179bdb900039e91702d015106164eb7f12bbe65204562685859","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"3244db98-b490-4fda-b993-7bbc96357fdd","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"c5129fd7-4314-423d-a7e3-46c2fef2e205","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"a4d06386-3725-4a82-9e5c-9d5969dfb24f","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"d7800ccd-bfdf-4b27-8d14-490044b029db","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"505c6fc8-6941-4ff8-8533-1e5ba4165d40","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"bfe233f4-60a2-408e-a9f1-ce023be06b7f","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"cca2eb26-8c25-41db-9067-d87454d66dc8","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"bdec75a3-d84d-48b4-9218-458403e8349c","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"159cc96a-39d3-41ee-8830-8a8e80c6429c","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"7e644523-1c76-45ac-90df-526c27f805fe","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"1e6ace78-6da3-492b-8d8e-b388b06bf36b","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"858b435c-885d-4d53-9095-92e0258e6565","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"01eb1309-51f0-49cb-9672-9ea3f02ad595","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"ccc0b132-b3ff-4b94-832e-2973260b1e14","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"a0332cf5-6711-405c-a71a-d2bba0137289","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"2cf0b3c5-dfbe-4d8f-89b9-58d074b0db63","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"2260cc79-5d28-44ba-b611-30adb54a5da5","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"cc97e630-2e01-4d3d-9f6b-ee678990400f","block_type":"box","text":"£1,000,000","page_number":1,"box":{"x":39,"y":345,"width":49,"height":6}},{"id":"08f502d3-3039-422c-a959-4872b080af96","block_type":"box","text":"IE000S34WR10","page_number":1,"box":{"x":142,"y":345,"width":68,"height":5}},{"id":"891294c2-b576-4265-997a-49567d024ff0","block_type":"box","text":"BS2CXQ6","page_number":1,"box":{"x":239,"y":345,"width":42,"height":5}},{"id":"63152b06-1d5a-4a51-ace7-d4ad1156f518","block_type":"box","text":"VAGCGHD","page_number":1,"box":{"x":305,"y":345,"width":46,"height":5}},{"id":"455e6947-78f7-466d-b1e1-8d0c4d6d1a27","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"f48b8103-85c7-4f67-8388-91418c1e4b3c","block_type":"box","text":"3","page_number":1,"box":{"x":490,"y":345,"width":4,"height":5}},{"id":"4e379c4b-0159-4782-9bcf-ec11cd15e5ac","block_type":"box","text":"H00038GB","page_number":1,"box":{"x":562,"y":345,"width":47,"height":5}},{"id":"6cbe3b6a-8b1d-4774-8351-95069ba4781c","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"d6bc612d-c08d-4b21-8baa-f8895c41648c","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"5e0bce39-c04c-49b8-9a16-bffc5ffce6d9","block_type":"box","text":"Daily (T-1 16:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":115,"height":6}},{"id":"505c10e6-2e9b-410e-bcfd-ab7672119927","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"f18adc0e-494a-4959-b816-3516eb919cc9","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"4cb4cc8b-7ac6-42bb-b326-25f95c36a1ed","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"1bb53dec-0c51-4c69-b432-76193c3b4dc2","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"1d5a0af2-949e-4f74-9c25-4130abc10812","block_type":"box","text":"Vanguard Global Core Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":478,"height":20}},{"id":"5122bced-59f0-453c-9922-a21387947345","block_type":"box","text":"GBP Hedged Dist","page_number":1,"box":{"x":39,"y":198,"width":148,"height":13}},{"id":"82df6787-ea54-4101-aa2b-bc1793694384","block_type":"box","text":"Inception date: 23 July 2025","page_number":1,"box":{"x":40,"y":215,"width":202,"height":10}},{"id":"9c84d585-9640-4e09-8ca3-c6e1d60b2643","block_type":"box","text":"Total assets (million) £58","page_number":1,"box":{"x":38,"y":232,"width":145,"height":7}},{"id":"e84cd53d-8d4f-4777-9bf1-a8806dec033c","block_type":"box","text":"|","page_number":1,"box":{"x":188,"y":232,"width":1,"height":7}},{"id":"b99e43e5-17e5-448a-a158-f640e7bd062a","block_type":"box","text":"Share class assets (million) £1 as at 30 September 2026","page_number":1,"box":{"x":194,"y":232,"width":318,"height":8}},{"id":"968cf7dd-bbaf-48c6-87ea-91f47f14740c","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"0fe137c6-b7a9-413d-9eee-064ea88ca17a","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"64c02f04-1801-46bd-9437-276178ffc1c8","block_type":"box","text":"0.35 %","page_number":1,"box":{"x":228,"y":433,"width":34,"height":6}},{"id":"660768c0-73fd-49a1-ab69-a574e581e4b1","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":"1b6dbfa1-bc5f-415d-bfd4-68b12a8764e0","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"6cc27cfb-98a5-46f0-99ac-3f87fd3bc093","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"698de722-f8a0-4945-b0a6-405c3a898005","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"778a5b61-07c0-4a5a-b8e6-20c26e298469","block_type":"box","text":"The Fund aims to provide a higher total return (capital growth plus income) than the Bloomberg Global Aggregate Index (the ”Index”) after th","page_number":1,"box":{"x":51,"y":483,"width":708,"height":8}},{"id":"5d88a142-b8c7-4ea2-a251-9dbabaf3a8bc","block_type":"box","text":"e fees and expenses of the Fund. The","page_number":1,"box":{"x":760,"y":483,"width":183,"height":8}},{"id":"607894c4-88e4-42a4-ac07-21c63974d108","block_type":"box","text":"Fund employs an ”active management” strategy in aiming to outperform the Index and in doing so, the Investment Manager will follow distinct appr","page_number":1,"box":{"x":51,"y":494,"width":740,"height":8}},{"id":"f2143106-dea4-472e-9bd3-a58197146602","block_type":"box","text":"oaches in managing the Fund’s","page_number":1,"box":{"x":791,"y":494,"width":154,"height":8}},{"id":"bbb2762b-63a4-436c-843c-4f86aed5a75c","block_type":"box","text":"assets.","page_number":1,"box":{"x":51,"y":505,"width":34,"height":6}},{"id":"9f56b7cc-ba3d-4616-bb79-2f685e24fd3a","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":519,"width":3,"height":2}},{"id":"674a342f-f9fb-49f7-afed-5c7ddd95a802","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":517,"width":730,"height":7}},{"id":"7e4ff6cd-f7bf-488e-a1de-449c98ea21d0","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":517,"width":152,"height":6}},{"id":"93996d44-8f37-4bcd-961b-4ac10ad0a1b4","block_type":"box","text":"basis.","page_number":1,"box":{"x":51,"y":527,"width":27,"height":6}},{"id":"871b451c-6de4-4745-a4a2-c76500c9a10a","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":542,"width":3,"height":2}},{"id":"b4c76946-911d-4ffe-b418-6e9594edcb6e","block_type":"box","text":"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 Index ma","page_number":1,"box":{"x":51,"y":540,"width":764,"height":7}},{"id":"72be6377-0bb8-4fbb-a9c0-012509ea0e23","block_type":"box","text":"y be restricted by","page_number":1,"box":{"x":816,"y":540,"width":86,"height":7}},{"id":"521e69f6-4a5a-44a5-a588-cf030c89bd92","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":550,"width":743,"height":8}},{"id":"1e6b8e39-5759-4e4c-ad8d-dcb3b2311399","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":550,"width":160,"height":8}},{"id":"e910c79f-55d4-45d0-9289-db2340a29515","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":561,"width":607,"height":7}},{"id":"b14fdb8b-dee2-4ec1-947e-1f66a8bcaabd","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":575,"width":3,"height":2}},{"id":"d2594498-85d0-4e44-aae7-60c3afaf3084","block_type":"box","text":"The Fund will invest in global fixed income bonds, including fixed and floating rate issues, primarily made up of treasury, government-related, securi","page_number":1,"box":{"x":51,"y":573,"width":733,"height":8}},{"id":"fe76a47c-9e17-4e0f-a4fe-fad6884236e9","block_type":"box","text":"tised, and corporate debt from","page_number":1,"box":{"x":785,"y":573,"width":154,"height":8}},{"id":"88184922-9ae6-45f6-8a53-fe2ba9c33fde","block_type":"box","text":"developed and emerging market issuers. The Fund will primarily invest in investment grade bonds with a rating of the equivalent of Baa3 and above by M","page_number":1,"box":{"x":51,"y":583,"width":762,"height":8}},{"id":"6b748c85-3811-47b6-af90-26b3779ceaf3","block_type":"box","text":"oody‘s or another","page_number":1,"box":{"x":814,"y":583,"width":87,"height":8}},{"id":"f7e1a1a6-7b31-4a2d-ac1e-2858294d215f","block_type":"box","text":"independent rating agency or, which are determined to be of comparable quality by the Investment Manager.","page_number":1,"box":{"x":51,"y":594,"width":545,"height":8}},{"id":"3dfee207-81d3-4244-88b4-b8ef7a55eb7b","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":615,"width":133,"height":9}},{"id":"8ab5addf-2e6c-4672-bf0e-e20c5b8e5afc","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":38,"y":635,"width":193,"height":7}},{"id":"28d37813-c386-4736-8a37-34aa97d19aea","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"c0ac326e-1fb4-4447-b11e-a08a577c516d","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"cf2cfc66-62f9-47e4-bcaf-9a98149fcee0","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":"d3292ae9-e5e7-4745-a51b-c6bcd09baae8","block_type":"box","text":"Vanguard Global Core Bond Fund","page_number":2,"box":{"x":38,"y":32,"width":478,"height":20}},{"id":"4f860cea-1f63-4979-a783-328c5bab4905","block_type":"box","text":"GBP Hedged Dist","page_number":2,"box":{"x":39,"y":57,"width":148,"height":13}},{"id":"63fd8904-c6b0-448c-9ec2-c80ed6cc2600","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"54d17095-9f09-48a3-bb92-bb227e83a950","block_type":"box","text":"GBP","page_number":2,"box":{"x":39,"y":142,"width":21,"height":6}},{"id":"6f5fffdd-2725-4be2-8a7d-ff7a153b2496","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":145,"width":8,"height":1}},{"id":"68892981-72f3-4f1b-8047-e40722b70a8e","block_type":"box","text":"Vanguard Global Core Bond Fund","page_number":2,"box":{"x":69,"y":142,"width":166,"height":8}},{"id":"ca353411-9965-4f59-b24c-b22fb8dd9b99","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"ecdfdda9-f3c0-4cc7-8443-693192c63f3e","block_type":"box","text":"— Bloomberg Global Aggregate Bond Index Hedged in GBP","page_number":2,"box":{"x":98,"y":153,"width":292,"height":7}},{"id":"06ed785f-5f76-44e8-98a9-7a51503a628a","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":593,"width":7,"height":1}},{"id":"d27ad8c4-b929-4b88-b8b1-90e09b3a3e6f","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":593,"width":7,"height":1}},{"id":"ab9bff7b-6cb3-443a-b1be-3252de31dd2b","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":593,"width":7,"height":1}},{"id":"65b2d8df-dfd4-4cdd-baa7-16ca68dcb78b","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":593,"width":7,"height":1}},{"id":"ccee2988-4d77-424f-b2ad-c11b45889d18","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":593,"width":6,"height":1}},{"id":"9670f6d9-9824-47fa-9c06-557f08cb97d5","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":593,"width":7,"height":1}},{"id":"7bb4327f-abe5-4594-88aa-4239b2c293d5","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":593,"width":6,"height":1}},{"id":"4e62ccc8-9009-4049-a89f-42b3be12dd43","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":593,"width":7,"height":1}},{"id":"6d1f3737-f3c1-41ac-8a7c-45aecde7a9cf","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":593,"width":6,"height":1}},{"id":"1f1b785c-cba4-473a-8d91-871031d9070e","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":894,"y":573,"width":53,"height":5}},{"id":"1f1ee3ac-33cd-4e20-84ab-63395904825d","block_type":"box","text":"-","page_number":2,"box":{"x":920,"y":585,"width":3,"height":0}},{"id":"f4417856-34cc-449c-9a0d-21b285e743f1","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":894,"y":590,"width":53,"height":7}},{"id":"0c618fa7-2ebf-40e0-8afe-7215a04b90b3","block_type":"box","text":"Fund","page_number":2,"box":{"x":63,"y":606,"width":20,"height":6}},{"id":"00d89d75-1f4c-47bf-b3c7-7e96e3b349f5","block_type":"box","text":"(Net of expenses)","page_number":2,"box":{"x":87,"y":607,"width":62,"height":6}},{"id":"642cebd6-ca07-499e-af2e-71b68814ff17","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":611,"width":7,"height":0}},{"id":"ef219c66-9def-433f-a788-5a978a31df0c","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":611,"width":7,"height":0}},{"id":"23b0a4aa-6c97-4a93-a208-ad1023fbf4a5","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":611,"width":7,"height":0}},{"id":"af070934-38d1-49ec-a330-f6c463f7d93f","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":611,"width":7,"height":0}},{"id":"2475b46f-3911-4028-90c0-be55e8a86efd","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":611,"width":6,"height":0}},{"id":"9732f595-e234-44ee-8914-200e852265e5","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":611,"width":7,"height":0}},{"id":"ba150b80-3507-47d6-8d4f-7e27481ac704","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":611,"width":6,"height":0}},{"id":"a1d473f4-5089-4fb5-8e11-699ba68a3e26","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":611,"width":7,"height":0}},{"id":"dbfeb777-d1f7-4447-aa82-d71eada034ba","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":611,"width":6,"height":0}},{"id":"ed3f62ba-1d7b-41e7-a7ea-c8434c4b2a5d","block_type":"box","text":"0.28%","page_number":2,"box":{"x":907,"y":608,"width":27,"height":5}},{"id":"413b3822-4920-4882-b94d-81dc14f2fc3e","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":623,"width":48,"height":5}},{"id":"978fd22e-50b4-4236-acb6-5edda7ffe1b2","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":628,"width":7,"height":0}},{"id":"b570a7e0-5b13-47d5-90e9-20a956697d14","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":628,"width":7,"height":0}},{"id":"a8a8866d-7467-4842-af27-8e9fc5833cdc","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":628,"width":7,"height":0}},{"id":"fe4e0db0-6025-4640-b2d8-1a8d2903c61d","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":628,"width":7,"height":0}},{"id":"5f987ce2-0fea-4dec-b70c-0c147ec552ca","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":628,"width":6,"height":0}},{"id":"034d871a-eba6-4e1d-affa-b6d306fa0826","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":628,"width":7,"height":0}},{"id":"177d372f-57de-4184-8d90-99aa80371da3","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":628,"width":6,"height":0}},{"id":"4b1b6ccc-d3ff-441a-a81a-8750a99563d7","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":628,"width":7,"height":0}},{"id":"6d7c5977-798d-4428-8915-2866b394d475","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":628,"width":6,"height":0}},{"id":"20050e67-b747-48bd-af4f-b48ee4454743","block_type":"box","text":"-0.67%","page_number":2,"box":{"x":905,"y":625,"width":30,"height":5}},{"id":"14637564-21f1-4fb7-adfd-617dd193d971","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":196,"width":148,"height":8}},{"id":"b5e8e22b-d216-4d13-b441-63377e06cf7b","block_type":"box","text":"1 month","page_number":2,"box":{"x":281,"y":196,"width":41,"height":6}},{"id":"ce502062-a699-42d5-b956-2a51ab527349","block_type":"box","text":"Quarter","page_number":2,"box":{"x":374,"y":196,"width":39,"height":6}},{"id":"94591a3e-1767-4b13-a2e0-7d037bce6e8d","block_type":"box","text":"Year to","page_number":2,"box":{"x":468,"y":186,"width":36,"height":6}},{"id":"6f58d020-7f95-497b-975b-00e308d6fe0b","block_type":"box","text":"date","page_number":2,"box":{"x":482,"y":196,"width":22,"height":6}},{"id":"e789b7cf-8dcb-4637-8f1b-491c77ee2802","block_type":"box","text":"1 year","page_number":2,"box":{"x":552,"y":196,"width":30,"height":8}},{"id":"c0e5ed5c-4d85-44be-ae60-7725375fbb90","block_type":"box","text":"3 years","page_number":2,"box":{"x":627,"y":196,"width":35,"height":8}},{"id":"66a8ea6e-2f4a-4755-a8e5-484a05d622aa","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":196,"width":36,"height":8}},{"id":"9125f47c-3f68-49f8-92c3-accf08301b47","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":196,"width":41,"height":8}},{"id":"635c6703-658c-476c-87ea-9761e2e98a65","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":186,"width":26,"height":6}},{"id":"881b71a4-29fe-4952-8672-1b8009f7d563","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":196,"width":44,"height":8}},{"id":"5e6d9731-3ce0-4198-a35e-23780809d8a2","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":214,"width":20,"height":5}},{"id":"537b49a7-7dde-4cd7-9561-2b4f67aabd17","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":214,"width":59,"height":6}},{"id":"336ad462-bf9f-4eee-ade6-9c4cb1f55ebb","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":214,"width":3,"height":6}},{"id":"beea85aa-88f3-41ca-ac68-2522c6ffe360","block_type":"box","text":"-1.62%","page_number":2,"box":{"x":291,"y":214,"width":30,"height":5}},{"id":"57addc5b-cc0c-4ee8-98b0-d990b919089a","block_type":"box","text":"-2.32%","page_number":2,"box":{"x":382,"y":214,"width":31,"height":5}},{"id":"d43d9fe3-5e17-429d-97a6-072e682446c1","block_type":"box","text":"-0.64%","page_number":2,"box":{"x":474,"y":214,"width":30,"height":5}},{"id":"3545755f-61be-4b96-be63-fba4550c429d","block_type":"box","text":"0.28%","page_number":2,"box":{"x":554,"y":214,"width":27,"height":5}},{"id":"f505d2de-54d6-4e9c-ba55-97c21bd246f1","block_type":"box","text":"—","page_number":2,"box":{"x":656,"y":217,"width":6,"height":0}},{"id":"5e60cce6-4187-4945-a8dc-4361ccb7a9af","block_type":"box","text":"—","page_number":2,"box":{"x":753,"y":217,"width":7,"height":0}},{"id":"20257781-6e00-46ef-b230-3bf98d61e4dc","block_type":"box","text":"—","page_number":2,"box":{"x":848,"y":217,"width":6,"height":0}},{"id":"e7cd3d90-66ac-42c9-afd1-cf1707e5878b","block_type":"box","text":"1.86%","page_number":2,"box":{"x":925,"y":214,"width":27,"height":5}},{"id":"846d4f3e-fdab-491f-b81d-13c9f2c1c0b6","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":230,"width":48,"height":6}},{"id":"db02d2c9-c1d0-4b5f-8272-2a018a1c5810","block_type":"box","text":"-1.68%","page_number":2,"box":{"x":291,"y":229,"width":30,"height":5}},{"id":"c417dbf8-d585-43d9-9654-abb27914ea1a","block_type":"box","text":"-2.55%","page_number":2,"box":{"x":382,"y":229,"width":31,"height":5}},{"id":"dce2ff28-6aa8-4096-a3ce-ae4e77a8fccb","block_type":"box","text":"-1.44%","page_number":2,"box":{"x":474,"y":229,"width":30,"height":5}},{"id":"ff7020ce-37b6-4bb6-873d-1514d8d5097b","block_type":"box","text":"-0.67%","page_number":2,"box":{"x":551,"y":229,"width":30,"height":5}},{"id":"3e645c3c-d084-4a93-8134-b7d493384237","block_type":"box","text":"4.02%","page_number":2,"box":{"x":635,"y":229,"width":27,"height":5}},{"id":"b8c0f84e-5d73-4a45-b95f-800ee1030deb","block_type":"box","text":"-0.14%","page_number":2,"box":{"x":729,"y":229,"width":30,"height":5}},{"id":"c9cf3964-a204-4111-9aeb-2f3d3841f08b","block_type":"box","text":"0.83%","page_number":2,"box":{"x":827,"y":229,"width":27,"height":5}},{"id":"137fa4d9-ed41-492f-8789-1c456f1bf485","block_type":"box","text":"0.57%","page_number":2,"box":{"x":925,"y":229,"width":27,"height":5}},{"id":"51284ca4-13fa-4b5e-8085-e424ed4a2f50","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":"caf7c66b-fd38-4ebe-b73c-826beef7db44","block_type":"box","text":"ing. The NAV of a Fund","page_number":2,"box":{"x":806,"y":246,"width":115,"height":7}},{"id":"dd8b6ff0-dbf1-4acf-a443-fe580d14bf5f","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":"c06f8a9b-170a-41ee-a942-84226ce9c3c2","block_type":"box","text":"Fund. The benchmark","page_number":2,"box":{"x":798,"y":255,"width":109,"height":6}},{"id":"c9cb6504-1822-4998-987f-570e076286d4","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":"57b20b57-4029-4d4a-995e-af835474f505","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":"0989876e-5b57-406a-b203-b39589db3872","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":"c46bf052-8eaf-4055-a06c-04f8c4e5cf58","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":"4b321e52-8c36-4722-8fbd-4e72bd882b9d","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":306,"width":143,"height":6}},{"id":"0b64cf69-2a6b-46a0-89e0-36665ca623a1","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":"a971db5f-40a1-48f7-bbe9-fc51ad54b03b","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":315,"width":97,"height":6}},{"id":"71d0927a-cb14-4847-bb59-549fd222ce53","block_type":"box","text":"performance is NAV to NAV. Basis of index performance is total return. All performance is calculated in GBP, net of fees.","page_number":2,"box":{"x":39,"y":324,"width":604,"height":8}},{"id":"543018ae-f5a3-4de8-8fdb-8cbb42c05253","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":352,"width":88,"height":7}},{"id":"85d50158-a8fc-4f02-bc18-ae635f20c42d","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":401,"width":167,"height":8}},{"id":"1c60eefa-f367-4c5d-a2e8-6a3dc889b349","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":"5193b3ec-c1b3-4d3e-96eb-e21bddcb11e1","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":667,"width":117,"height":8}},{"id":"a3c489f4-f23d-4d83-a8fd-5cbed5e6f0b8","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":682,"width":721,"height":8}},{"id":"6b130922-87bc-48c1-8cc0-54c4953065f8","block_type":"box","text":"lity which, in turn, are driven by","page_number":2,"box":{"x":761,"y":682,"width":154,"height":8}},{"id":"a4aa6434-cada-46d5-b715-5b5ac4465a1e","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":692,"width":760,"height":7}},{"id":"4795582d-18aa-4d18-be37-c694e123981b","block_type":"box","text":"rency risk in the Fund, and","page_number":2,"box":{"x":800,"y":692,"width":129,"height":7}},{"id":"64541da0-3435-469d-a313-dab4d7025320","block_type":"box","text":"may affect the performance of the Fund.","page_number":2,"box":{"x":39,"y":702,"width":205,"height":7}},{"id":"9a6785f5-b494-435b-9325-57dcc0a096cc","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":716,"width":734,"height":7}},{"id":"0e3a9f39-6798-4222-a108-82bd742d885a","block_type":"box","text":"er instruments, may expose the","page_number":2,"box":{"x":774,"y":716,"width":157,"height":7}},{"id":"4370d069-e684-4213-bf25-2fcc823d7ccd","block_type":"box","text":"Fund to financial loss.","page_number":2,"box":{"x":39,"y":726,"width":107,"height":6}},{"id":"64e8f791-1c78-4859-9cdd-2da04d036cdb","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":740,"width":627,"height":7}},{"id":"0158ad41-d456-4f83-879b-562f7762cff4","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":754,"width":608,"height":7}},{"id":"848b78b6-65c7-4c97-abe2-9ebb7c36c791","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":768,"width":721,"height":8}},{"id":"ea0fee9a-e4cb-4395-9118-733e4330e78a","block_type":"box","text":"Call risk. The chance that during periods of falling interest rates, issuers of callable bonds may call (repay) securities with higher coupons or in","page_number":2,"box":{"x":39,"y":782,"width":704,"height":8}},{"id":"3d6d6a17-2a09-4995-8bd1-06b390438733","block_type":"box","text":"terest rates before their maturity","page_number":2,"box":{"x":744,"y":782,"width":168,"height":8}},{"id":"044053a9-28ff-4c59-a443-32d9c1e8864a","block_type":"box","text":"dates.","page_number":2,"box":{"x":39,"y":792,"width":30,"height":6}},{"id":"5fcf6ee6-00b2-40c3-85d0-64d6d9de8483","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":808,"width":772,"height":7}},{"id":"264800c4-8fdd-4352-b0a1-afd6168a67fa","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":808,"width":22,"height":6}},{"id":"ddb5327d-d803-4697-834f-65cc91652d36","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"5d8aad47-df3f-46ad-98b8-a40befb5ec77","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"4bc735ca-f7ae-4ef1-9131-3ecd2b82358e","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"341c9b28-e7cb-45df-82b2-9968b7570a25","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"63798c58-c6de-4cda-9f80-b1ca89009919","block_type":"box","text":"423","page_number":3,"box":{"x":614,"y":107,"width":16,"height":5}},{"id":"a8e9bba7-eddc-4a55-bc2d-160f4f1f445a","block_type":"box","text":"32,573","page_number":3,"box":{"x":782,"y":107,"width":29,"height":6}},{"id":"7342c568-e084-4c57-a594-d217f15851d4","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"6dfcf730-1d85-4088-acae-cae67f7b2ebf","block_type":"box","text":"4.92%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"c80bcb88-7722-4640-964b-52e9cb20588b","block_type":"box","text":"4.47%","page_number":3,"box":{"x":784,"y":118,"width":27,"height":5}},{"id":"2a671509-d75d-4919-ba68-a5059832c6ec","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"0152511b-d714-4bd1-9135-2afe188a5a3d","block_type":"box","text":"4.0%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"55bae34e-4db0-4e97-9e17-5cec50aa0ea3","block_type":"box","text":"3.2%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"da8713b8-e06e-4dc6-8d6b-a441dab71499","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"67ec3b31-e541-4dec-9db2-0e464b789671","block_type":"box","text":"9.2 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"bef39d82-c7b6-43b6-8821-2b3f64e7d590","block_type":"box","text":"8.1 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"557278fc-cf21-4860-bf04-5f428201f8fe","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"f4e29685-4080-46cb-a68e-25c13af58ff1","block_type":"box","text":"A+","page_number":3,"box":{"x":619,"y":153,"width":11,"height":5}},{"id":"a951ead6-a229-4428-99e6-149cfa09c24a","block_type":"box","text":"AA-","page_number":3,"box":{"x":796,"y":153,"width":16,"height":5}},{"id":"c4dc88c1-82df-4f5a-82cc-37416ba2cd90","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"3ebc7f13-a093-45c9-9301-76fee01e5195","block_type":"box","text":"5.7 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"beaf9bb9-41f4-4bd0-9331-2428ece9e310","block_type":"box","text":"6.0 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"65e682b5-b67a-4d35-b84c-6423860b2dc2","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"e983c8da-7eb7-4f8c-b359-46ee2c63b773","block_type":"box","text":"-13.7%","page_number":3,"box":{"x":599,"y":176,"width":31,"height":5}},{"id":"c9793bd2-dd8e-4c32-8892-ebfdeba662a2","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"3996a799-b409-491f-9eba-c6f4108a6d8e","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"9b658ecd-40c2-4664-a41e-e2af3b490d16","block_type":"box","text":"2997%","page_number":3,"box":{"x":600,"y":188,"width":30,"height":5}},{"id":"130dcd73-132a-4194-9c53-c5a3eed5192e","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"05f1cac7-8b2c-4a04-aee5-d2238247e67c","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":"fb7d4ee1-6d22-47dc-9721-2876d74d08c4","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"ccaa9f5e-8ce1-4990-9bcd-d662e3f5d432","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":"6edb51c7-97bf-46ab-8ea6-81d8a3c2e1b6","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"fbc8728b-a798-406a-980e-d370e134ebc7","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":"a89a59c0-676b-4441-90d0-dae01387d9dc","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"eeda0764-cb4a-428f-ac92-ba843dc63b81","block_type":"box","text":"United States","page_number":3,"box":{"x":163,"y":268,"width":58,"height":5}},{"id":"dac9d418-ee62-47e6-8141-0ecbd86f2555","block_type":"box","text":"33.4","page_number":3,"box":{"x":434,"y":268,"width":18,"height":5}},{"id":"50be8555-42ff-43fe-8072-9ab3b99831a2","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"a887b84a-d46f-4b7c-9f98-ce602e1f700b","block_type":"box","text":"Japan","page_number":3,"box":{"x":162,"y":279,"width":26,"height":6}},{"id":"71608e2f-8b8a-485a-a988-832cf365d6bf","block_type":"box","text":"7.1","page_number":3,"box":{"x":440,"y":279,"width":12,"height":5}},{"id":"ac2809fc-343a-41f5-90ec-d2b28aba7c03","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":163,"y":290,"width":68,"height":6}},{"id":"9f99ce05-06ff-4114-bd8d-ca0c735c18ab","block_type":"box","text":"6.0","page_number":3,"box":{"x":439,"y":290,"width":13,"height":5}},{"id":"6c04e09b-d622-4db2-8439-9e561a39222b","block_type":"box","text":"Australia","page_number":3,"box":{"x":162,"y":301,"width":38,"height":5}},{"id":"ae491493-2408-4f28-a34b-ca358571a9d8","block_type":"box","text":"4.5","page_number":3,"box":{"x":439,"y":301,"width":13,"height":5}},{"id":"684be9a4-4b72-40f4-944e-f9257a23f4c7","block_type":"box","text":"Poland","page_number":3,"box":{"x":163,"y":312,"width":28,"height":5}},{"id":"ca4817d4-9208-4d23-bcae-9b4833daca6f","block_type":"box","text":"4.5","page_number":3,"box":{"x":439,"y":312,"width":13,"height":5}},{"id":"12d4b4c9-9999-498b-8773-0be963c947eb","block_type":"box","text":"Italy","page_number":3,"box":{"x":512,"y":268,"width":18,"height":6}},{"id":"0c8ee5f0-383a-4cfb-b70a-92751f89f681","block_type":"box","text":"4.3","page_number":3,"box":{"x":786,"y":268,"width":12,"height":5}},{"id":"b7ae1360-1a47-4778-bb51-bb05441712ca","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"7950efb3-b839-4f1c-96fe-7578928ad20b","block_type":"box","text":"Korea","page_number":3,"box":{"x":512,"y":279,"width":24,"height":5}},{"id":"5c250aaa-6a76-4b41-9f99-785eba433f17","block_type":"box","text":"4.1","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"694ad99b-ead9-4ffb-a236-09ac30fb5dfd","block_type":"box","text":"Spain","page_number":3,"box":{"x":511,"y":290,"width":24,"height":6}},{"id":"f3f9043f-2692-4056-9368-4af4762aa2a2","block_type":"box","text":"4.1","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"5376ecf0-3024-4784-be9e-ef3d1cccd571","block_type":"box","text":"Hong Kong","page_number":3,"box":{"x":512,"y":301,"width":45,"height":6}},{"id":"6829e828-272c-4473-920a-7723c42a2ec7","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":301,"width":13,"height":5}},{"id":"d776517e-1697-41a6-ac9e-d2573b84ad5a","block_type":"box","text":"Supranational","page_number":3,"box":{"x":511,"y":312,"width":60,"height":6}},{"id":"c04c5a1e-3d67-4cec-a24c-4043385c0642","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":312,"width":13,"height":5}},{"id":"2990775e-ca4b-4544-b65a-e973d06e5e3b","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"ec7e0dda-29ab-4908-9ba3-bcbb9ea90bcf","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"a79cba05-e50a-45e7-8bfb-78dfa6052e38","block_type":"box","text":"AAA","page_number":3,"box":{"x":163,"y":467,"width":19,"height":5}},{"id":"e7881050-dd06-42b1-b781-66badb2a1b99","block_type":"box","text":"9.2","page_number":3,"box":{"x":441,"y":467,"width":12,"height":5}},{"id":"60dc0172-243a-4bb8-8c69-b0f4cfd17df8","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"fd81c250-1838-4479-80a2-688158c571d4","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":512,"y":467,"width":43,"height":5}},{"id":"43ccd072-7e9d-4977-8f1a-2fb513c56cba","block_type":"box","text":"-12.1","page_number":3,"box":{"x":777,"y":467,"width":22,"height":5}},{"id":"ba7dc03f-98dc-4aa5-9977-4a82cab97a9e","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":467,"width":8,"height":5}},{"id":"36b2efe7-9747-4c8f-9548-eb3a9d0b11a5","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":478,"width":12,"height":5}},{"id":"66e03f87-11b8-4a80-a0c8-89c35287fb1e","block_type":"box","text":"39.6","page_number":3,"box":{"x":435,"y":478,"width":18,"height":5}},{"id":"967ae9dd-41a0-4244-b13f-1a4e25650f30","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":489,"width":6,"height":5}},{"id":"52d4b082-7b72-47ca-91d4-f75894ea911e","block_type":"box","text":"32.2","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"7348c295-8692-4702-8705-aca2aba119f1","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":500,"width":17,"height":5}},{"id":"33759acb-54ce-4f71-889f-233992289643","block_type":"box","text":"30.6","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"dcbd28f4-0617-46b5-a490-9f2b1909b297","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":511,"width":61,"height":5}},{"id":"29ebeb67-71ea-4ccb-9ac3-113efecbfdf1","block_type":"box","text":"0.6","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"5a357dd2-46c3-4a0e-befa-a4e76c9ccc3c","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"513dac94-74ba-46bf-9ff6-3f97a0d57e6d","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"c1715055-d3e5-42bd-848d-e5c153f1f7e0","block_type":"box","text":"Vanguard Global Core Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":452,"height":19}},{"id":"7555cec1-e145-4f26-a754-0efc4d13b2d2","block_type":"box","text":"GBP Hedged Dist","page_number":3,"box":{"x":39,"y":55,"width":148,"height":13}},{"id":"ad4ca393-c62f-4390-8e0f-9337c88c7911","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":"16ef6113-9359-4dfe-9acb-64609f185cee","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":"3bbc754f-b506-4cce-993b-2edc3f1ed7dd","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":603,"width":72,"height":7}},{"id":"b10b79d2-0a27-4563-804b-5835e14c3df3","block_type":"box","text":"27.8","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"37917fd8-6027-4231-9a16-e66cb4b4e54b","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"65031e7f-fed2-4658-abfb-82ddc58dbba3","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":615,"width":133,"height":7}},{"id":"8b75547a-0ee6-4b2d-a506-208a4ee98772","block_type":"box","text":"18.3","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"c6f0395f-fc9d-4132-a17d-9a0bb601cd76","block_type":"box","text":"Mortgage backed security pass-through","page_number":3,"box":{"x":162,"y":627,"width":171,"height":7}},{"id":"afc785a3-a458-4ce4-ba82-ea87681c67a1","block_type":"box","text":"15.8","page_number":3,"box":{"x":434,"y":627,"width":18,"height":5}},{"id":"55457287-542a-4c70-8f83-650d2c9792e2","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":162,"y":639,"width":140,"height":7}},{"id":"e22be820-f2d9-4d2c-8888-d939089ca80b","block_type":"box","text":"15.0","page_number":3,"box":{"x":434,"y":639,"width":18,"height":5}},{"id":"8d90404a-9d17-4616-97f7-30ea6e543d74","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":651,"width":137,"height":7}},{"id":"8fd2cca6-359b-4055-a685-4f2f7d44a08a","block_type":"box","text":"11.2","page_number":3,"box":{"x":434,"y":651,"width":18,"height":5}},{"id":"b1da898a-5f4b-440f-94f1-367ae9327fdb","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":511,"y":603,"width":97,"height":7}},{"id":"179c4d9b-f248-48b8-89f0-1856451eddfb","block_type":"box","text":"7.4","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"ce21d37f-7cbd-4046-9ec2-47f1834c5c48","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"d21c7a7a-1b58-4931-a5f4-85b3e910e7b6","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":615,"width":158,"height":7}},{"id":"78ce311a-393e-4bc4-b22d-076a17c6746e","block_type":"box","text":"4.8","page_number":3,"box":{"x":786,"y":615,"width":13,"height":5}},{"id":"16d3e338-74c4-4b70-bdf2-858eb76d0f26","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":627,"width":25,"height":5}},{"id":"131424b0-71e4-4c91-9ff3-ca5a61c04961","block_type":"box","text":"4.6","page_number":3,"box":{"x":786,"y":627,"width":13,"height":5}},{"id":"bec1f523-b224-466e-822d-a35722331b4c","block_type":"box","text":"Government-related - supranationals","page_number":3,"box":{"x":511,"y":639,"width":160,"height":7}},{"id":"58fbd769-fef0-45cd-b048-7e4dcb3d30dc","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":639,"width":13,"height":5}},{"id":"8ea40b6e-3150-415a-9815-9fbb2acf2988","block_type":"box","text":"Securitised","page_number":3,"box":{"x":511,"y":651,"width":47,"height":5}},{"id":"ce8a1fcc-dee8-487e-8a50-6963ba325763","block_type":"box","text":"3.1","page_number":3,"box":{"x":786,"y":651,"width":13,"height":5}},{"id":"1e31e3c7-0082-4b45-a1ae-7787d64733d0","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"88d3182c-0960-4f53-b440-5435605a6bb7","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":"e688ffcc-8e42-49e3-bcaf-922b1f26fad7","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"20dd58cb-3203-4e6f-9d1d-d4a084477e14","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":"e7baf1b1-b912-4127-9841-d03f2226fc2d","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"418f8ddb-5fd0-4179-951f-a475a8547a13","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":"92de3d2f-56b7-4eb0-a54d-96cfa4016e62","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"66dbdd8d-12fb-4777-a0d9-3ea7c8925c29","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":"7230d5fc-84a6-4f8f-bafe-44b65398da33","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"da87f197-6e44-44e4-a152-c6cb4471b80d","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":"2d44e743-a9f1-4362-b72b-53a9801e613c","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"8ebecfde-3f30-4a5d-8aa4-10dd5bce61d3","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":"3fae42f4-bcf8-460b-bb6f-da37fd468fb5","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"703ae6fa-1fe6-40e6-84bb-ebe260115a81","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":"d3e79474-cc69-4f7d-9087-05e5ee890021","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"a911099f-21ae-4749-ad06-1dc97f926dc5","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":"f6bde115-71ef-40a4-8c33-3afb0e477765","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"f436420b-ebc2-432a-b67a-f33440e8921f","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":"6ac2bbc0-9851-4d04-9c94-04599dc005d8","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"4df96c50-c759-42e6-9238-3b179dd0bf17","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":"b585e5d3-5366-441f-9eb7-930129d0c7d9","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"1eedeaa9-ddd6-47c6-bff4-907aa7745fad","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"3396827b-4341-408e-ac08-0e503e298d6f","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":"926ac446-2141-430a-a10c-17a4e16c8762","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":"5fb7b4f4-cc9e-49c3-a648-12aac5f01ee8","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"46c70729-b18b-4551-9bc2-0ff6760c3838","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":"d4be584c-f4d4-4011-9050-722d56df3273","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"0b650285-dbac-4153-932e-d6f72d3a3829","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":"0faa3c06-6b33-44c7-b4ef-42688912cdf7","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"1aa38473-85bb-49fb-bae8-845cb750e1e4","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":"9ff4117a-714f-4cc8-a608-0001631bd70e","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"7381d27d-72f6-4a97-b65b-b1653e2ce749","block_type":"box","text":"2.1","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"1c270f68-dbce-42e0-b28e-3d052b3ef8ae","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"270a48b2-2cb5-4f06-bde8-71f0d2966474","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"31367513-d6c9-4aff-9c91-560b69d650b0","block_type":"box","text":"8.8","page_number":3,"box":{"x":786,"y":376,"width":13,"height":5}},{"id":"d216e7e6-3a94-4edf-b734-b2eb023ba34a","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"8af99091-f06f-42eb-a03c-51ac0bf9d6db","block_type":"box","text":"-9.3","page_number":3,"box":{"x":437,"y":365,"width":16,"height":5}},{"id":"c40f2388-ada1-4672-95ae-ee55d7c5ae36","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"ada4887b-d8e1-4565-955f-dfd084d168df","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"277f5af4-ef81-4c57-a86f-c9c719b698d6","block_type":"box","text":"42.7","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"d485d739-9078-470b-821e-f1c722ca3d29","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"550ef070-77bd-4893-b3d9-7f4a830e1fcd","block_type":"box","text":"42.6","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"c6706908-04e1-4487-9466-3d55cf2823b3","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"b96a4159-cb35-4b37-ac3f-e395e72ae22b","block_type":"box","text":"10.0","page_number":3,"box":{"x":435,"y":398,"width":18,"height":5}},{"id":"cd37e90b-1bb0-4dbb-890b-9f9dcfa34930","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"6d72dc12-3cd0-4114-be86-dd7e2a8ffe55","block_type":"box","text":"3.1","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"f0faa0af-3560-4ee2-9c9b-5f9e7b07182a","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":"02eff005-dde5-4838-bb74-c61e20dcafe1","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"7b04a284-a2e2-4314-8236-665f477e0a1d","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":"92b7eecc-c375-47bd-a5a0-716c50989300","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"4f80b93d-666f-4c51-9633-8922249101f6","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":"d87db505-006c-4e0c-b137-d8c929dfefb8","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"4fea4f98-ed2f-4537-a607-176323fed618","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":"f31a38ce-1f40-46f5-a52a-f426722bef75","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"2d227baf-6d32-40f3-bbc2-6455ca436670","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":"9b211515-4e2b-4bea-a9bf-e580d8c1fb83","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"b8b6d8d9-293c-46a0-84dc-2681ee3087d1","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"d61c99bd-a8a9-4725-990c-e4f3b344c630","block_type":"box","text":"Vanguard Global Core Bond Fund","page_number":4,"box":{"x":38,"y":32,"width":478,"height":20}},{"id":"5d87dc30-70f5-4805-84c6-d61bdf79b63d","block_type":"box","text":"GBP Hedged Dist","page_number":4,"box":{"x":39,"y":57,"width":148,"height":13}},{"id":"1cfce2d4-5e18-48f1-a62c-cc8c1d17da60","block_type":"box","text":"E104EN_092026","page_number":4,"box":{"x":895,"y":971,"width":71,"height":6}},{"id":"fbeb7a2a-2f2a-49bc-b449-2c51a6610c57","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":"5e632cac-dd3d-4499-b413-7bfff84ca870","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":"4da82b5a-ae9d-4351-a2b8-51db2d0900a9","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":"64e7c266-c731-4ec0-95cd-260b61c62b48","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"6c2c1925-98a7-4d06-9bb1-e1e3b9c98567","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":"a76ff439-9285-4021-9104-475ae0e83f08","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":"4fe8d20a-f562-4da2-9aa9-f794c69bf87b","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"cc90f45a-85c1-47ba-a448-c65f3658589d","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"12444d29-bea9-45e2-82b8-c34fcfb2c96b","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"f905bf6c-0beb-4fa2-be87-0417eb2b95ed","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"0a039f72-8046-4ea3-8819-97190c88a0b5","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":"7cc8083d-0f83-4c99-a8fd-65799c79ab2b","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":"69ad5c72-410b-464b-86da-41263b37faee","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"ee104490-da50-40ea-be79-203940380619","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":"049b3ca9-d262-4979-8b21-517173e14122","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":"8e9b76c7-c858-45da-8cb8-841831468060","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":"00f160e8-ddef-4042-9f58-6bccc829ec87","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"5631376b-1af1-4822-8ab0-8f9ab49768e4","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":"04e7be15-de64-4994-aee0-1a9dcee44b60","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":"5654b549-9d01-4e1b-86ae-368d73ce779a","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":"64dd2aa5-dd64-4a47-8261-ea6469bdfada","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"39aec8bf-12b3-497e-8b5c-1eaec34c3e0b","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":"8921c459-e86b-4a62-8755-9aab4026b288","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":"5b57f47c-2157-4b39-be09-05a0e57ce228","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"c3418b12-63d2-449d-8a79-2202f4a94608","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":"f3aaf2c1-d058-453f-842b-d6dcbe349133","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"7c971c52-b310-4a4a-840a-e2982a824836","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":"b3732e2b-8e7a-4458-970f-479d2b742e02","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"fbd49eb0-e3d1-4f8d-91b4-e34ec951bfb6","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"afac52fa-b81c-4e21-93de-c41d30583d5b","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":"f860237a-1ab4-4b01-a2ec-ec79725e0f91","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"ac3c571f-3789-438f-b4a3-94d5bc6e5c09","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":"3cb672b6-5b0e-49c0-aa67-2f9408803df9","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"4468ea5c-784c-48d9-add5-8eaba4edee68","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":"ee4598ae-bdde-4505-bd4f-bc1a4b220965","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":"352d5c0f-bd71-4a9e-ac5e-2ea43dc30925","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":"34c6938d-856c-4116-8470-53808b47ccba","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"51d430d9-aa15-419d-930c-ea5711a40582","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"0b0b5c61-79f2-45ed-8bbf-050c29a3978e","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":"88c92102-33ac-497b-80d6-f6a2319b4832","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":750,"width":143,"height":7}},{"id":"28aa8577-1c67-4ded-a94b-b4a08aa73b9c","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":"1833c6fc-eeb0-48d7-8fcd-b6936e216090","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":"3a7f1fd8-efe1-4100-8675-2c1820124893","block_type":"box","text":"lied, to the owners or","page_number":4,"box":{"x":787,"y":773,"width":104,"height":7}},{"id":"5caec007-697d-4abf-8350-298365908941","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":"1faed96b-b789-4b82-90a5-ddd0a4589296","block_type":"box","text":"or the ability of the Bloomberg","page_number":4,"box":{"x":771,"y":782,"width":153,"height":8}},{"id":"2143652d-5d6d-4a34-bd96-79ea467effff","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":"828b8414-6a34-4d8d-8db0-e031357004de","block_type":"box","text":"r entity. Bloomberg’s only","page_number":4,"box":{"x":786,"y":792,"width":127,"height":7}},{"id":"bb879627-b253-48ab-9ea0-fb6766259c70","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":"462e3f1f-72fa-467c-9b4d-6b0aad7f12f4","block_type":"box","text":"ard to Vanguard or the","page_number":4,"box":{"x":809,"y":801,"width":114,"height":8}},{"id":"e0181361-3d35-486a-9ee8-a5cf046368fe","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":"61c52dba-e743-4836-b0d0-43748b81ac66","block_type":"box","text":"consideration in","page_number":4,"box":{"x":802,"y":811,"width":78,"height":6}},{"id":"818779e8-18ad-481e-a438-c497bfc23377","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":"72308be6-fb77-4b64-92a3-1a2335da1616","block_type":"box","text":"he timing of, prices at, or","page_number":4,"box":{"x":793,"y":820,"width":124,"height":8}},{"id":"712b220c-7de3-47ce-acd6-2ec42773f21d","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":"4b20daa6-b785-4797-b367-cc7c22e8fb3e","block_type":"box","text":"ing of the products.","page_number":4,"box":{"x":774,"y":829,"width":97,"height":8}},{"id":"b736ddc6-cca5-4828-800e-2f3950bba193","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":"b381264e-f712-4792-85fb-051b44748078","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":"3417fdc1-2bf5-4bbf-9fb4-58186a41e7d8","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":852,"width":98,"height":6}},{"id":"8e0ffcfa-2f82-4648-aafd-d307384ccd8a","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"45f3aad9-4081-4b22-a2a6-a3d415070dfa","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":"bd383ed9-30a4-4f18-9ffa-b854ee9d8d96","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":"5a231e15-d27e-4543-a07a-9b57e4367fe4","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":"20e5c49b-1c1b-46e4-b38a-c3a9215a9739","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"03594c8e-a04e-4d94-81f8-9b819d2d89b5","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":"3a883dee-a8c9-4ffd-821f-1de521b47c76","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"ecfca516-f099-47e2-917e-da0c640b536a","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":"10fb4add-acf7-4d72-bc84-a24edc76509c","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"1bb8b19d-bd71-4616-bfb4-2c27460eacbd","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":"5e322435-3abc-4747-b294-6edc22552f21","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"37eb717c-9f9b-4ea4-8a8c-5f422012cd03","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"7a578a9c-6158-4c74-a32e-bb263ac37694","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":207,"width":744,"height":8}},{"id":"2199db2e-f5b3-493b-8b2a-cd350e223a61","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"897a61c2-3ae7-402a-ac8a-874df70664a0","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":217,"width":706,"height":8}},{"id":"ed21b199-e54a-417e-aa0c-17880b73b712","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"ed4bcd8a-e59c-4f3f-b9cb-84ce96e8a0ee","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"a7fee641-1b6b-4d61-ab2f-8257948a89b4","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":"da2a4f0e-7bc9-4ad4-a03d-cba65df1c176","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"abc38939-c848-45ef-a180-dab65699a395","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":"b849118b-c88b-4f5c-8ac5-49eb95450b58"},"user_id":1000002,"date_created":"2026-10-15T22:28:03.667000Z","date_modified":"2026-10-15T22:28:03.667000Z","private":false}