{"annotation_id":"5cc639c0-6d3f-4b72-9c49-30e59844cc42","file_hash":"1785e061ccf22b378c1d9d8aba8cf3327e8441500fd4f91767d901b71672febc","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"90413ed8-9dc5-4210-87cb-110a55ea42c3","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"c6aa7dec-e871-4cc9-bd39-6f1f8d5b1b7b","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"1e6a7ad0-4279-4269-b517-e2ee14b25080","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"96d104df-111a-44c0-beb8-8de87a7672e3","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"9794c6cd-89e5-4ff3-baa2-7ba6644c802d","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"32f711dd-a9e3-420a-9fd8-706d841e09df","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"8de6b626-3544-42a0-be0f-8e285227b821","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"6519d007-8d00-4f49-affd-f4fdf413cf75","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"05333cbd-64db-4b10-9dcf-b1ac6ce39c1a","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"49080455-463f-4eec-9a1e-a0ee99262f9a","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"cb8968c3-f183-4369-b3e2-17dde385eb1c","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"80d04bde-ee28-48ef-8109-57fc7d78c230","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"abdfc348-640c-44b9-a03a-a464b059afb6","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"dbde7d5c-8306-4de6-9e4c-b1cd701557d8","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"6a5c9829-d7e1-4ede-8ea8-f0f2fc512daf","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"6cd58adb-0dda-4846-b987-e071bbfd1f3f","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"d7d885b7-b2f9-4b80-ab3e-1a470ea068d8","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"6ee46aea-67a7-4e9f-9149-19f46ec44292","block_type":"box","text":"€100,000","page_number":1,"box":{"x":39,"y":345,"width":41,"height":6}},{"id":"5a8397bc-264a-455e-ac36-656346f479f5","block_type":"box","text":"IE000V13O2Q4","page_number":1,"box":{"x":142,"y":345,"width":67,"height":5}},{"id":"0edbb7a4-66aa-41d8-af82-eacbff572d62","block_type":"box","text":"BNQN4G7","page_number":1,"box":{"x":239,"y":345,"width":44,"height":5}},{"id":"391b6416-a971-4cdc-9e7c-152ce33f2c1a","block_type":"box","text":"VEMBINV","page_number":1,"box":{"x":305,"y":345,"width":41,"height":5}},{"id":"64a0bda0-b3f9-460a-872b-0f2559f10866","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"7d863bf1-6317-45cf-aecd-93cb2f6c9bf8","block_type":"box","text":"4","page_number":1,"box":{"x":489,"y":345,"width":5,"height":5}},{"id":"4765adbd-6f43-4535-b63e-d5dddad51563","block_type":"box","text":"JPGCHECP","page_number":1,"box":{"x":562,"y":345,"width":49,"height":5}},{"id":"768d5447-f17d-4495-be4d-d51f322a9728","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"69e717c1-2bb9-49d7-b1dc-030eb1e5c2f4","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"a581118f-8ebd-4a85-a393-afac97c4e96f","block_type":"box","text":"Daily (12:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":98,"height":6}},{"id":"7a0ab337-f1e4-4a35-83ea-6f0022fb54c8","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"5c9d1b93-a3e8-45e8-a560-bbc0fd56bd3b","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"2c79414a-f769-451a-b302-9b9827681924","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"645bab36-f93e-4ac7-8d24-1421d0980ff4","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"fbc4bebf-3fe2-4436-a0c6-5cc724393fcc","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":574,"height":20}},{"id":"681ff0e3-7b80-4101-8bcc-8cb4ac447c58","block_type":"box","text":"EUR Hedged Dist","page_number":1,"box":{"x":40,"y":198,"width":146,"height":13}},{"id":"a82b07c4-3ce9-4023-88dd-30f5a68949ad","block_type":"box","text":"Inception date: 21 June 2023","page_number":1,"box":{"x":40,"y":215,"width":205,"height":10}},{"id":"b0ff4a24-34e5-44bb-8830-e0ef0b149ef3","block_type":"box","text":"Total assets (million) €2,266","page_number":1,"box":{"x":38,"y":232,"width":160,"height":7}},{"id":"686aa39c-7964-4ba8-8e23-233969d804c9","block_type":"box","text":"|","page_number":1,"box":{"x":203,"y":232,"width":1,"height":7}},{"id":"f51e0553-dc83-4890-9e10-5b1e61f718c2","block_type":"box","text":"Share class assets (million) €7 as at 30 September 2026","page_number":1,"box":{"x":209,"y":232,"width":320,"height":8}},{"id":"ee5c756f-91bb-46a3-acf0-4a7417018a38","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"3a7829f2-85af-464a-bb46-d7031b98b384","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"ff543a02-0175-4c94-9cad-63374a28399a","block_type":"box","text":"0.60 %","page_number":1,"box":{"x":228,"y":433,"width":36,"height":6}},{"id":"b629b26d-f965-45d4-a6a2-5ff0029a95e9","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":"dfa5cfb3-fb2c-433e-890b-854ecf629bfb","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"7471e017-1c9c-47a5-84e3-6b5a78c4800b","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"ef17fe0c-4542-4e16-81c9-fd9b61724b36","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"56fedc86-dcc3-4931-83e5-16def99a5a21","block_type":"box","text":"The Fund seeks to provide total return while generating a moderate level of income by investing primarily in bonds of issuers in emerging market count","page_number":1,"box":{"x":51,"y":483,"width":750,"height":8}},{"id":"0d2028b5-8268-411c-b57c-39af1377bf6f","block_type":"box","text":"ries.","page_number":1,"box":{"x":802,"y":484,"width":19,"height":5}},{"id":"25b0a166-3205-440e-b2dd-3c9944f9dbb5","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":498,"width":3,"height":2}},{"id":"bedf9173-802d-431e-9797-8df594c8d8af","block_type":"box","text":"The Fund employs an “active management” strategy, and while the Fund will invest in components of the J.P. Morgan EMBI Global Diversified Index","page_number":1,"box":{"x":51,"y":496,"width":736,"height":7}},{"id":"f3061f12-a998-416c-8199-153f1a143fa4","block_type":"box","text":"(the “Index”), its investment","page_number":1,"box":{"x":791,"y":496,"width":140,"height":7}},{"id":"d30e2ec2-c16c-498f-9b3d-7c8b4f80eb57","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":"391c9fb8-bd18-4817-8f37-fc303e44cf33","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":521,"width":3,"height":2}},{"id":"ed554164-089f-4c16-a0a1-2217dddf5345","block_type":"box","text":"The Fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the Fund will invest at least 80","page_number":1,"box":{"x":51,"y":518,"width":728,"height":8}},{"id":"22fb69f5-f1a3-49f2-aef4-657a059c0ae6","block_type":"box","text":"% of its assets in fixed income","page_number":1,"box":{"x":781,"y":518,"width":149,"height":7}},{"id":"40665341-2c18-44d5-86ea-c1367c0207fd","block_type":"box","text":"securities of issuers that are tied economically to emerging market countries. The Fund seeks to have a majority of its assets denominated in or hedge","page_number":1,"box":{"x":51,"y":529,"width":748,"height":8}},{"id":"602529b1-0448-4cc5-a9a8-5aa2c0f2c647","block_type":"box","text":"d back to the U.S. dollar but has","page_number":1,"box":{"x":800,"y":529,"width":159,"height":6}},{"id":"1e7f506c-92a9-4a40-af96-3533dee5ee36","block_type":"box","text":"the ability to invest in bonds denominated in a local currency on an unhedged basis. Emerging market bonds include sovereign debt securities, which in","page_number":1,"box":{"x":51,"y":540,"width":747,"height":7}},{"id":"df4f61d4-0732-4071-bc32-03cca60177c9","block_type":"box","text":"clude fixed income securities","page_number":1,"box":{"x":799,"y":540,"width":142,"height":6}},{"id":"d94afc02-f1c8-4de9-add7-0dc6413e1eee","block_type":"box","text":"that are issued or guaranteed by foreign governments or their agencies, authorities, political subdivisions or instrumentalities, or other supranation","page_number":1,"box":{"x":51,"y":550,"width":733,"height":8}},{"id":"542f7a5e-581e-4303-8c9c-473f57b08de4","block_type":"box","text":"al agencies, as well as debt","page_number":1,"box":{"x":785,"y":550,"width":134,"height":8}},{"id":"38a72789-09c8-4020-a39e-94bc3ac9b6e8","block_type":"box","text":"securities issued or guaranteed by foreign corporations and foreign financial institutions.","page_number":1,"box":{"x":51,"y":561,"width":442,"height":7}},{"id":"316ea31e-e2a5-4c8e-8a2f-eab064f11b31","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":575,"width":3,"height":2}},{"id":"f4aa3ad6-f683-491c-bd4b-a3728bf1b4b4","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":573,"width":730,"height":8}},{"id":"6b05c2e7-fbda-4817-92fb-9c82498e721e","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":573,"width":152,"height":6}},{"id":"273c5d8e-3fd4-45c3-9b99-76d10889fd60","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":583,"width":752,"height":8}},{"id":"c70d9a7a-a256-4d4e-b408-7c7bb0f6ce13","block_type":"box","text":"ndex may be restricted by","page_number":1,"box":{"x":805,"y":583,"width":128,"height":8}},{"id":"54edb8d9-e7d5-42f4-9c06-a56d3f5a0cc0","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":594,"width":743,"height":8}},{"id":"44bdf79c-9530-4990-90b8-2680ca568662","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":594,"width":160,"height":8}},{"id":"d7d6462d-c7c9-47c7-8019-066ae35078ff","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":605,"width":607,"height":7}},{"id":"f5f31d44-2e8c-4942-ae6f-d62df2c4f016","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":626,"width":133,"height":9}},{"id":"4215303c-02c6-4eb2-836c-18ad069b8f34","block_type":"box","text":"Vanguard Global Advisers, LLC","page_number":1,"box":{"x":38,"y":645,"width":154,"height":8}},{"id":"3ff05eeb-f24d-495e-84fe-9240cc22b754","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"e5084cf9-da6a-44bb-8b4a-dbb1d04d23bd","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"97fa4e6f-b924-4694-b78c-6536c4ebfa0f","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":"db8f5ef8-9a1f-455e-92f8-8c42fede1588","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":2,"box":{"x":38,"y":31,"width":574,"height":21}},{"id":"d5f6fdfd-42aa-4461-ab5e-dff6f2e48686","block_type":"box","text":"EUR Hedged Dist","page_number":2,"box":{"x":40,"y":57,"width":146,"height":13}},{"id":"986e11b7-6a30-46e1-b4d4-03ef50842e2f","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"58a4aaa0-e8c5-413f-ad19-fc122ca79c16","block_type":"box","text":"EUR","page_number":2,"box":{"x":39,"y":142,"width":20,"height":6}},{"id":"95da061d-b89a-45f3-90e3-abe987a6a4a9","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":145,"width":8,"height":1}},{"id":"b6a768f9-ef16-4d92-9685-33b455208da3","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":2,"box":{"x":68,"y":142,"width":200,"height":8}},{"id":"01cb493e-3d0d-48fd-b27d-34f8c88d6cb9","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"b87dff0f-b2e3-480d-bb33-40938cfb9c37","block_type":"box","text":"— J.P. Morgan EMBI Global Diversified Index in EUR","page_number":2,"box":{"x":98,"y":153,"width":255,"height":7}},{"id":"da80423b-62cf-4755-b80a-4f99aefa58fb","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":593,"width":7,"height":1}},{"id":"f113877b-9b7e-43f5-8f78-e1da12b37ed9","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":593,"width":7,"height":1}},{"id":"81b07892-bbd1-4972-81c0-8c135702cb32","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":593,"width":7,"height":1}},{"id":"a11df0a8-607b-4555-962d-c1c177ad996b","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":593,"width":7,"height":1}},{"id":"872a87aa-3c2f-4846-9c9d-787e435570ff","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":593,"width":6,"height":1}},{"id":"5f7d5e59-3ad7-4a78-86fd-e1d3e73251f9","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":593,"width":7,"height":1}},{"id":"dffe0bcd-4b13-4f45-92ea-9e4a40afc7d6","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":593,"width":6,"height":1}},{"id":"de64aea1-5f7a-4c78-a3e4-a8e6b4924c94","block_type":"box","text":"01 Oct 2023","page_number":2,"box":{"x":739,"y":573,"width":53,"height":5}},{"id":"b0ca2532-febe-4214-9186-d3a6b283e0a8","block_type":"box","text":"-","page_number":2,"box":{"x":765,"y":585,"width":3,"height":0}},{"id":"b377f892-7de0-40b0-ae21-0e3ec0ad760e","block_type":"box","text":"30 Sep 2024","page_number":2,"box":{"x":739,"y":590,"width":53,"height":7}},{"id":"b5f4501f-631c-4f31-91a3-2449980c9ee8","block_type":"box","text":"01 Oct 2024","page_number":2,"box":{"x":816,"y":573,"width":53,"height":5}},{"id":"193c29b4-c7ec-4074-93b1-db28f5b8a4ae","block_type":"box","text":"-","page_number":2,"box":{"x":843,"y":585,"width":2,"height":0}},{"id":"a4881570-9183-47ac-9c08-efed3e4fc768","block_type":"box","text":"30 Sep 2025","page_number":2,"box":{"x":816,"y":590,"width":53,"height":7}},{"id":"566f0706-0b89-44a4-b1ab-e3c44f1929bb","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":894,"y":573,"width":53,"height":5}},{"id":"e7a10a18-4057-4633-9e6a-30347ae435cb","block_type":"box","text":"-","page_number":2,"box":{"x":920,"y":585,"width":3,"height":0}},{"id":"575722f7-76d9-4523-9c42-e8e34c7408e7","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":894,"y":590,"width":53,"height":7}},{"id":"76e0367e-f6b8-4865-a1e8-6f5e1eae9562","block_type":"box","text":"Fund","page_number":2,"box":{"x":63,"y":606,"width":20,"height":6}},{"id":"5cc285d1-52c5-4ea7-b40a-667448b2b9ef","block_type":"box","text":"(Net of expenses)","page_number":2,"box":{"x":87,"y":607,"width":62,"height":6}},{"id":"01037eee-b064-4fb4-b194-bfd141ba9401","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":611,"width":7,"height":0}},{"id":"bd2b69c9-5401-4b2e-9736-5c72806f496f","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":611,"width":7,"height":0}},{"id":"e8b04742-a624-4911-b1cd-8fec55e21609","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":611,"width":7,"height":0}},{"id":"7a5c278d-1c72-455f-a7fe-da4f0281dbfd","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":611,"width":7,"height":0}},{"id":"f0a540f3-83c0-4622-9de7-f9523510c775","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":611,"width":6,"height":0}},{"id":"56cf2422-2859-45b0-a013-b83869feff9f","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":611,"width":7,"height":0}},{"id":"017db437-8f8d-4a59-a161-7f1d6d022915","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":611,"width":6,"height":0}},{"id":"f368b22f-ec19-4f06-99ba-9c594a14f6c8","block_type":"box","text":"16.99%","page_number":2,"box":{"x":749,"y":608,"width":32,"height":5}},{"id":"75bd940f-cf85-44de-ac15-1fe0402249b9","block_type":"box","text":"6.22%","page_number":2,"box":{"x":829,"y":608,"width":27,"height":5}},{"id":"65d2412f-b223-437f-8b22-f5a68e82ad1d","block_type":"box","text":"0.47%","page_number":2,"box":{"x":907,"y":608,"width":27,"height":5}},{"id":"b63f6e9d-7e47-4e39-af4f-815421556061","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":623,"width":48,"height":5}},{"id":"f13da1c6-02b4-4473-9ad1-0baa4eb225e5","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":628,"width":7,"height":0}},{"id":"2db02b5c-5496-462a-b14b-b88c8ad34ff2","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":628,"width":7,"height":0}},{"id":"461c161f-d406-400f-9092-55846cc8b7d3","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":628,"width":7,"height":0}},{"id":"1d49563f-0db8-44ae-8f63-2db99e3e02c7","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":628,"width":7,"height":0}},{"id":"76fd3bb1-0f0e-4a08-bf7e-56aa7a24c0d5","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":628,"width":6,"height":0}},{"id":"8636532e-7589-4c3f-bc9f-c0864f881d2c","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":628,"width":7,"height":0}},{"id":"5aa791f8-d01d-4586-b302-2e124b6a5871","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":628,"width":6,"height":0}},{"id":"4651e0c9-cf73-4859-ab8e-2c8b8cec14bd","block_type":"box","text":"16.41%","page_number":2,"box":{"x":749,"y":625,"width":32,"height":5}},{"id":"bf37487a-2649-435f-a525-c0bfbafce4e2","block_type":"box","text":"6.37%","page_number":2,"box":{"x":829,"y":625,"width":27,"height":5}},{"id":"e45e9b03-e167-4ee8-8525-e823ef322d6d","block_type":"box","text":"0.63%","page_number":2,"box":{"x":907,"y":625,"width":27,"height":5}},{"id":"2ef4dc43-b8a3-458a-81ba-d7f1ab7601f4","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":196,"width":148,"height":8}},{"id":"2043f693-3429-4b7d-9f25-e2eb717c86bb","block_type":"box","text":"1 month","page_number":2,"box":{"x":281,"y":196,"width":41,"height":6}},{"id":"c7baa7c6-158f-42ee-96f9-2b8d3bcc7b59","block_type":"box","text":"Quarter","page_number":2,"box":{"x":374,"y":196,"width":39,"height":6}},{"id":"96fb9e75-368c-441e-a5fe-05aaa451aff6","block_type":"box","text":"Year to","page_number":2,"box":{"x":468,"y":186,"width":36,"height":6}},{"id":"9ba08245-afe0-4671-92f2-87ba180321cc","block_type":"box","text":"date","page_number":2,"box":{"x":482,"y":196,"width":22,"height":6}},{"id":"c84308d1-5dc0-42ce-aa8a-64ad1da6d759","block_type":"box","text":"1 year","page_number":2,"box":{"x":552,"y":196,"width":30,"height":8}},{"id":"d9eecba8-7481-42de-85bc-78763d105c5d","block_type":"box","text":"3 years","page_number":2,"box":{"x":627,"y":196,"width":35,"height":8}},{"id":"0a12bd97-a6de-4163-9549-13f6b6c7c3fb","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":196,"width":36,"height":8}},{"id":"0a5a5e92-0ec8-4817-823e-23aa840d56a7","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":196,"width":41,"height":8}},{"id":"afd0fe21-1cf9-434b-8d85-a42397876c25","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":186,"width":26,"height":6}},{"id":"85a7acc5-9445-40f3-8cc3-222e2365aa31","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":196,"width":44,"height":8}},{"id":"50be6e85-57b5-4ba1-8d1f-3e6b0f482548","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":214,"width":20,"height":5}},{"id":"e75a68fe-69ab-40d2-959b-2977fee340cb","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":214,"width":59,"height":6}},{"id":"f302add3-dd9a-4393-9cb7-6016f888948c","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":214,"width":3,"height":6}},{"id":"60d2911a-5dce-46fb-aa3d-bd1ef9c78e92","block_type":"box","text":"-3.73%","page_number":2,"box":{"x":291,"y":214,"width":30,"height":5}},{"id":"b07962f9-61af-41b7-bfd9-17745c79e804","block_type":"box","text":"-4.74%","page_number":2,"box":{"x":382,"y":214,"width":31,"height":5}},{"id":"6941d1c4-1649-4931-b4b4-ac874b01db9e","block_type":"box","text":"-1.90%","page_number":2,"box":{"x":474,"y":214,"width":30,"height":5}},{"id":"f99a36ca-795f-4301-b710-265e5a76bc47","block_type":"box","text":"0.47%","page_number":2,"box":{"x":554,"y":214,"width":27,"height":5}},{"id":"4e36f97f-c7e0-44f6-8c31-2f388bb4db93","block_type":"box","text":"7.68%","page_number":2,"box":{"x":635,"y":214,"width":27,"height":5}},{"id":"26381b60-6471-4392-a7d9-c72089c9e52b","block_type":"box","text":"—","page_number":2,"box":{"x":753,"y":217,"width":7,"height":0}},{"id":"c99fff12-8b43-4cd0-8ee7-2eb6040f7abd","block_type":"box","text":"—","page_number":2,"box":{"x":848,"y":217,"width":6,"height":0}},{"id":"9c6be9bf-bf7f-47f6-bdaa-b9f38a94554b","block_type":"box","text":"6.73%","page_number":2,"box":{"x":925,"y":214,"width":27,"height":5}},{"id":"38dfbe65-5b48-4cb1-bf57-e3796d16edb2","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":230,"width":48,"height":6}},{"id":"90129606-ca75-442d-bb1b-8ef03eced3c9","block_type":"box","text":"-3.54%","page_number":2,"box":{"x":291,"y":229,"width":30,"height":5}},{"id":"e84ddfeb-c271-4db3-8bea-02525a7846a2","block_type":"box","text":"-4.30%","page_number":2,"box":{"x":382,"y":229,"width":31,"height":5}},{"id":"b5d54dc2-7188-43e3-8de6-c9f4fdb11ff5","block_type":"box","text":"-2.09%","page_number":2,"box":{"x":474,"y":229,"width":30,"height":5}},{"id":"19aeef60-fcde-4278-85f8-c511d2f2dc23","block_type":"box","text":"0.63%","page_number":2,"box":{"x":554,"y":229,"width":27,"height":5}},{"id":"85ecd187-3d7a-44e1-9882-9c6562ed6153","block_type":"box","text":"7.60%","page_number":2,"box":{"x":635,"y":229,"width":27,"height":5}},{"id":"e5410a9e-e457-442c-af03-e1ee656bd88d","block_type":"box","text":"-0.27%","page_number":2,"box":{"x":729,"y":229,"width":30,"height":5}},{"id":"f19b72bc-1118-4aef-9b55-4c26e5221ebf","block_type":"box","text":"0.69%","page_number":2,"box":{"x":827,"y":229,"width":27,"height":5}},{"id":"c57caed3-dcd0-4b91-a10e-f20a52f9be75","block_type":"box","text":"6.16%","page_number":2,"box":{"x":925,"y":229,"width":27,"height":5}},{"id":"c70a9f4f-a434-48c5-b703-f70ca37987ec","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":"ab141f12-cd0c-4dd1-8ec9-d7cd478f2233","block_type":"box","text":"ing. The NAV of a Fund","page_number":2,"box":{"x":806,"y":246,"width":115,"height":7}},{"id":"decc3293-e1a1-45ef-ac99-3db93e54086a","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":"f9e63511-63cc-4f20-ad9e-4dd210e0a3fa","block_type":"box","text":"Fund. The benchmark","page_number":2,"box":{"x":798,"y":255,"width":109,"height":6}},{"id":"ec5c8c5d-1725-44ed-aa3c-0b0b4452ce36","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":"fcba432f-0a72-4fba-9109-95dcb6c7cda3","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":"bc942334-29cf-443d-a3fb-39395f7e9dbd","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":"accfeeb5-0b4d-4bce-ada2-7d3562a66187","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":"00c00baf-ee7d-40ff-86fd-c044410cc9d9","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":306,"width":143,"height":6}},{"id":"ca79bf4c-f505-4fca-81a8-3d3e3fa5a617","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":"4f24f475-1d88-4bb1-b240-c76bc90b0f50","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":315,"width":97,"height":6}},{"id":"be769999-9654-4415-8be4-c84f2910d753","block_type":"box","text":"performance is NAV to NAV. Basis of index performance is total return. All performance is calculated in EUR, net of fees.","page_number":2,"box":{"x":39,"y":324,"width":603,"height":8}},{"id":"244f94da-763f-4a96-a581-53152542e16f","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":352,"width":88,"height":7}},{"id":"ff22ce44-4589-4a1e-9b01-b9a54e4fffdc","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":401,"width":167,"height":8}},{"id":"ca008fef-3a91-466e-9672-355200d740e5","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":"b6704ea6-bacc-4e40-bf8a-947a6eaf1197","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":667,"width":117,"height":8}},{"id":"65b16707-6bd3-4bbc-8b96-5c2fd1e11d9e","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":"64ec4647-08de-425e-80be-a6d4f8277d89","block_type":"box","text":"lity which, in turn, are driven by","page_number":2,"box":{"x":761,"y":682,"width":154,"height":8}},{"id":"7d1f124c-b49e-44df-a5c1-0fb97a7f6928","block_type":"box","text":"other factors including political, economic news, company earnings and significant corporate events. Emerging markets are generally more sensitive to","page_number":2,"box":{"x":39,"y":692,"width":751,"height":7}},{"id":"d309f2d8-dc2a-4ae1-8445-3671246a2271","block_type":"box","text":"economic and political","page_number":2,"box":{"x":794,"y":692,"width":109,"height":7}},{"id":"8db15c80-dac3-45c6-8c3b-9ebb0fc6be79","block_type":"box","text":"conditions than developed markets. Other factors include greater ’Liquidity Risk’, restrictions on investment or transfer of assets and failed/d","page_number":2,"box":{"x":39,"y":701,"width":706,"height":8}},{"id":"788c0ef0-cd73-4aaf-83f7-de75526f0384","block_type":"box","text":"elayed delivery of securities or","page_number":2,"box":{"x":747,"y":702,"width":149,"height":7}},{"id":"256918db-119b-4706-adac-c7f365ce9e57","block_type":"box","text":"payments to the Fund. Currency hedging may not completely eliminate currency risk in the Fund, and may affect the performance of the Fund. Investment","page_number":2,"box":{"x":39,"y":711,"width":772,"height":8}},{"id":"012c7dab-de8e-4bd0-8b2b-441c2028b11c","block_type":"box","text":"risk is concentrated in","page_number":2,"box":{"x":814,"y":711,"width":108,"height":7}},{"id":"2be53d64-0f77-4611-941c-6dab25b51583","block_type":"box","text":"specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localized economic, market, political or regulatory","page_number":2,"box":{"x":39,"y":721,"width":732,"height":8}},{"id":"6b270d1c-a4f6-4431-b3f4-ac6dd63fb267","block_type":"box","text":"events.","page_number":2,"box":{"x":775,"y":722,"width":34,"height":5}},{"id":"71bb48a9-b39b-49c3-ae4c-24152b4a21a8","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":735,"width":734,"height":8}},{"id":"25dcba92-3f47-4e7c-a551-3b0ea1904950","block_type":"box","text":"er instruments, may expose the","page_number":2,"box":{"x":774,"y":735,"width":157,"height":8}},{"id":"3a5b6408-579e-4673-913a-6b659f126e4f","block_type":"box","text":"Fund to financial loss.","page_number":2,"box":{"x":39,"y":745,"width":107,"height":6}},{"id":"b0a70539-ac66-4f85-8e9a-45585b8be51d","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":759,"width":627,"height":8}},{"id":"4ed2d354-8f72-415e-ab51-f384cb6d69ff","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":773,"width":608,"height":8}},{"id":"1aed24a9-4a9c-4d7a-832f-0ed3292cd6c8","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":788,"width":721,"height":7}},{"id":"3dd39528-cc4f-4959-a43d-575584fc5f83","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":802,"width":704,"height":7}},{"id":"c53d7df3-a905-438a-9356-5d216b980096","block_type":"box","text":"terest rates before their maturity","page_number":2,"box":{"x":744,"y":802,"width":168,"height":7}},{"id":"068cb155-0000-4bfe-947a-bc7ebdb642b7","block_type":"box","text":"dates.","page_number":2,"box":{"x":39,"y":812,"width":30,"height":6}},{"id":"e37852fd-b7e2-48a4-9259-ead85486d275","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":827,"width":772,"height":8}},{"id":"311dba26-5ecd-4a48-9ca3-57acc7ef7a77","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":827,"width":22,"height":6}},{"id":"e48adc17-7f6e-449d-b441-03ef7714fd6d","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"23616a0c-1f00-4dc4-8eac-d9c8a957e989","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"a29297a0-1af2-4150-b5b9-919c2a594412","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"31987f84-3313-47c4-9d22-3a5a34bc759b","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"c0d91212-78eb-4e0b-8ea9-c246d4a11cbd","block_type":"box","text":"284","page_number":3,"box":{"x":614,"y":107,"width":16,"height":5}},{"id":"93508736-66a9-40ff-b344-c42e2c842248","block_type":"box","text":"968","page_number":3,"box":{"x":796,"y":107,"width":15,"height":5}},{"id":"f93e72d4-1873-44f3-85ed-1104d7053cc4","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"1649627e-1d14-4c59-a73d-a645ea5e0b2d","block_type":"box","text":"7.12%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"b519a36c-9a88-4c44-ab85-033a4f2dc1c7","block_type":"box","text":"6.98%","page_number":3,"box":{"x":785,"y":118,"width":26,"height":5}},{"id":"d55cde32-e605-49f5-a141-0877892839b3","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"c36f5953-6cc5-4bf6-9fc9-9386af1e5195","block_type":"box","text":"5.5%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"0d1b3ea5-bea9-43a8-8d72-78c24a510019","block_type":"box","text":"5.7%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"c708d2ce-5f5b-4e9b-8003-959ff5fd5ced","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"57657278-9a2c-48b4-876d-994f830bcdc8","block_type":"box","text":"8.8 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"29e0cb3b-794f-41bd-84ad-6956ce88672e","block_type":"box","text":"9.7 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"0c68792b-018a-4b7d-8ffd-8fb90816539c","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"41e21920-9048-43f0-a5be-991bb37f8d9d","block_type":"box","text":"BB+","page_number":3,"box":{"x":613,"y":153,"width":16,"height":5}},{"id":"8cbd3e9f-cf85-4a00-8ba8-fff7972c8d3c","block_type":"box","text":"BB+","page_number":3,"box":{"x":795,"y":153,"width":16,"height":5}},{"id":"46e0139f-ac28-4d10-8854-02b2c3f6217e","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"c60a85c4-fc3c-4053-940d-b2cffa71424a","block_type":"box","text":"6.1 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"adf1469e-67ba-4e4b-975a-cb06547c9395","block_type":"box","text":"5.9 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"cbc8b517-2260-45e9-ad32-66df76d26100","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"c4174a57-2c0d-4135-89a6-3ff487f83963","block_type":"box","text":"4.4%","page_number":3,"box":{"x":609,"y":176,"width":21,"height":5}},{"id":"b5cb4980-da8d-4896-961c-669c3eda697f","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"dc68a6ac-a279-437f-a3f4-53a7c8ee9dfc","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"685e94cc-4b37-4da4-8a5a-4eee7f1be421","block_type":"box","text":"238%","page_number":3,"box":{"x":606,"y":188,"width":24,"height":5}},{"id":"4b801837-10e7-4917-9cfe-d4bf7d2bcf36","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"94a1ac2d-a761-4930-bf1b-b1f3806ef84c","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":"8180945c-9b95-45f1-9582-7d9d15209cf6","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"d0192f2d-6b5c-4b74-b02e-855d04f31722","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":"87c91596-90bb-4cb4-9d84-b37e2507be0a","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"761d8be5-f8b8-4b2a-9635-18b5a4da191d","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":"786c5789-f1c0-4ee8-80e5-f6e0a4551f52","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"24fc95a6-e7b3-4cd6-b3ba-e0c3f9942392","block_type":"box","text":"Mexico","page_number":3,"box":{"x":163,"y":268,"width":28,"height":5}},{"id":"615233f9-ddc7-44ae-88ea-5de17089a595","block_type":"box","text":"8.3","page_number":3,"box":{"x":439,"y":268,"width":13,"height":5}},{"id":"a2be55e8-a6f8-4175-a506-bcf9ec92e2e4","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"9816840f-c73a-4ff3-92dd-e424b3c2a7c8","block_type":"box","text":"Turkey","page_number":3,"box":{"x":162,"y":279,"width":29,"height":6}},{"id":"dae67bb6-06e2-44db-a77d-e71beb6009ad","block_type":"box","text":"5.6","page_number":3,"box":{"x":440,"y":279,"width":12,"height":5}},{"id":"4e652bd0-fc41-4e7c-9a03-c61fb8cdd363","block_type":"box","text":"Indonesia","page_number":3,"box":{"x":163,"y":290,"width":39,"height":5}},{"id":"da9bdb24-239d-4e7d-bc6b-192e97827b5f","block_type":"box","text":"5.4","page_number":3,"box":{"x":440,"y":290,"width":12,"height":5}},{"id":"c609d399-5c6c-49e1-90e5-9f2d34170338","block_type":"box","text":"Argentina","page_number":3,"box":{"x":162,"y":301,"width":42,"height":6}},{"id":"99834a48-140c-4206-865a-39921527e01b","block_type":"box","text":"4.9","page_number":3,"box":{"x":439,"y":301,"width":13,"height":5}},{"id":"582b2bb4-f68f-4ade-b4dc-fd503c90ceb6","block_type":"box","text":"Other","page_number":3,"box":{"x":162,"y":312,"width":25,"height":5}},{"id":"982cab12-b40c-427c-8211-568345f8de41","block_type":"box","text":"4.4","page_number":3,"box":{"x":439,"y":312,"width":13,"height":5}},{"id":"5f548197-bddb-4cc8-83b6-2c90235013b0","block_type":"box","text":"United States","page_number":3,"box":{"x":512,"y":268,"width":58,"height":5}},{"id":"cf0119a3-dbd4-4b2f-8050-292587a4cd68","block_type":"box","text":"4.3","page_number":3,"box":{"x":786,"y":268,"width":12,"height":5}},{"id":"b5d079f8-ab79-42ca-9815-0c7246bec3f1","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"adc863ea-dbfa-4920-ab5b-ce9319433960","block_type":"box","text":"Dominican Republic","page_number":3,"box":{"x":512,"y":279,"width":83,"height":6}},{"id":"276174a4-e285-4296-8016-872257b0d39b","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"150618f2-74a6-4df2-bc63-29341ae2050c","block_type":"box","text":"Saudi Arabia","page_number":3,"box":{"x":511,"y":290,"width":54,"height":5}},{"id":"73ac2305-4f4f-41c8-b501-62aecb0ca035","block_type":"box","text":"3.4","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"af5a29ce-86f8-40c8-9f35-aa8c363a06cf","block_type":"box","text":"South Africa","page_number":3,"box":{"x":511,"y":301,"width":53,"height":5}},{"id":"d9f24f22-f6c2-4606-9d6b-57589ca6c6b7","block_type":"box","text":"3.2","page_number":3,"box":{"x":786,"y":301,"width":12,"height":5}},{"id":"09f2672b-a8f7-41c5-ad76-380d96581283","block_type":"box","text":"Egypt","page_number":3,"box":{"x":512,"y":312,"width":24,"height":6}},{"id":"9e30a7e7-2d0c-46fd-a783-60368c414814","block_type":"box","text":"3.0","page_number":3,"box":{"x":786,"y":312,"width":13,"height":5}},{"id":"ac526e1d-e5f6-49c0-84f1-04327f4eccd6","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"9691609e-f610-4ac1-a3dc-06a09eff7fde","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"8af085a1-15e7-4676-8e32-197b8c5909d7","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":467,"width":12,"height":5}},{"id":"1bcf8276-16f2-4016-aaa8-6e9bac7c8c07","block_type":"box","text":"4.4","page_number":3,"box":{"x":441,"y":467,"width":12,"height":5}},{"id":"ecbebb59-9d69-4a2d-94a9-c8601b781222","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"340786d6-ea9f-4572-a9ae-8ca478272cfb","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":478,"width":6,"height":5}},{"id":"825fc034-e883-4b06-97bf-abe9c4dcadfa","block_type":"box","text":"5.9","page_number":3,"box":{"x":441,"y":478,"width":12,"height":5}},{"id":"3455c739-f8bf-4a20-bab8-3b2f67e7663a","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":489,"width":17,"height":5}},{"id":"a9117cb5-605d-4fd2-b698-6278bbb01f53","block_type":"box","text":"30.1","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"a643b3a1-756a-416b-9158-e3c2d02b4f40","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":500,"width":61,"height":5}},{"id":"994de657-6f81-45b2-9c6d-e89098926801","block_type":"box","text":"53.4","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"92bca5e3-28de-4217-956e-0d346f4a8f97","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":164,"y":511,"width":43,"height":5}},{"id":"18249a11-114f-42f5-a77f-95b4b00795aa","block_type":"box","text":"6.2","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"fa9c9c61-295c-4551-97e1-b37c4e0f5ec6","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"a9bf87d1-45da-418d-8876-cc061935ae7f","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"2475ce50-88dc-4c12-a344-19dcdd93d1a4","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":542,"height":19}},{"id":"7dc4394f-20df-4ada-a281-49eef06622bc","block_type":"box","text":"EUR Hedged Dist","page_number":3,"box":{"x":40,"y":55,"width":146,"height":13}},{"id":"75363a34-9d70-4766-8d8f-2f033ce6c006","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":"a4324bb8-8eb4-45e4-a277-3bf5150b5446","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":"a0703da0-b398-4d1e-b76a-0b25d46d32c9","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":603,"width":137,"height":7}},{"id":"fcd3ed34-d797-4d73-99c1-176e62240315","block_type":"box","text":"72.8","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"2fc089dc-c6f8-492e-ae75-8aa9ef333839","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"bcf2ff8e-66b8-466d-b8fa-c3a49c012414","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":615,"width":133,"height":7}},{"id":"85d6426c-d0a0-4872-b4db-9c11cb01f17e","block_type":"box","text":"13.1","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"00067f62-d808-4153-aea1-9274e1c4c65f","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":627,"width":72,"height":7}},{"id":"e0a6d973-0a62-4ee5-b480-053b96a93a54","block_type":"box","text":"6.9","page_number":3,"box":{"x":439,"y":627,"width":13,"height":5}},{"id":"30f8481c-64fb-44e6-9916-39d81fd3bd71","block_type":"box","text":"Cash*","page_number":3,"box":{"x":162,"y":639,"width":25,"height":5}},{"id":"06dd73f6-2d04-4afe-994a-79cf8afd0e6e","block_type":"box","text":"4.4","page_number":3,"box":{"x":439,"y":639,"width":13,"height":5}},{"id":"14f2d914-8800-4fa7-919a-c186ec8d4226","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":162,"y":651,"width":97,"height":7}},{"id":"aa858eea-052c-4935-be63-ee96e0f18984","block_type":"box","text":"1.6","page_number":3,"box":{"x":440,"y":651,"width":12,"height":5}},{"id":"420c82b5-8d12-4c36-a9dd-e651f86c2cad","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":511,"y":603,"width":84,"height":7}},{"id":"a1be593d-bcd8-44ce-a0ff-8ea45b311cb3","block_type":"box","text":"0.6","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"764249a7-e690-4826-b174-91c9192cc4d4","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"41313a98-3281-4cb3-9415-b3f261254be4","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":615,"width":25,"height":5}},{"id":"6527c463-4319-4e58-8d27-adfcce4c17af","block_type":"box","text":"0.3","page_number":3,"box":{"x":786,"y":615,"width":12,"height":5}},{"id":"817eef87-bb24-4d33-a21a-47ea89c0bdb0","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":627,"width":158,"height":7}},{"id":"c87da9cb-5752-4af2-96b9-4dc4f33a4a60","block_type":"box","text":"0.3","page_number":3,"box":{"x":786,"y":627,"width":12,"height":5}},{"id":"b24bd5a6-be99-4a20-8bd6-d6c300556b63","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"8d21ef84-2ae5-4d00-b617-5ac935610963","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":"7a6f06b1-60cd-44e1-9dbc-c95ebba8f15c","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"459a5014-80e1-4837-a26a-621a8678a09e","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":"ca1d0655-a1da-4102-be6d-74e4cc231cbd","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"1aafe9c5-5b99-4db1-9f56-b2360b57e046","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":"949bf6ed-4ce5-4f31-8369-af6b047ee01d","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"15300b68-e5af-41b9-81b1-90695b8ab04e","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":"be66e941-af4e-4891-9b8c-51db30606f41","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"d48b2e07-d52a-42a7-97fe-5d8d1c7fee38","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":"db3c3498-e59e-4599-ab85-0fbf94505fb5","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"a606c539-8ac4-446e-8afc-e0b11328bf9d","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":"fa2d066b-6793-482b-8450-47e52c43e0f8","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"e2f6ac81-aa23-4163-9e96-71f7db5a6ae0","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":"f1c389b6-bab5-4bfc-a16f-41e47c7abccf","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"3c94d075-6a67-4086-8655-43dda244ffcc","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":"83a498ac-3517-4df5-bc5b-bb2a17945760","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"5ac7516a-bc40-4cd9-8390-fd8f2fe244ab","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":"a30cc400-62f9-43e8-83a2-c17744705022","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"5fbeab3a-b7ad-49bc-b6dc-1d078a979a1f","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":"c0403859-94e4-4f5e-b8d5-869a13f68e1e","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"fd8508d0-571e-4573-a87f-d2a600b5ab11","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"3f3996b9-df57-4138-ae69-7bab7e4029c4","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":"dad23ada-10f9-46d5-9255-4c18abea4eb4","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":"d3827abe-6f9f-41d6-856b-0bb259e4bd9d","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"fdce7e91-2f57-48d5-b34e-5ea8de4aae7d","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":"024586f1-ed09-4151-a105-fcbf3620057f","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"f9946ae1-c951-4d1c-8335-82ef79d188fb","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":"3d9f3505-e3fb-41f6-8cbd-4811c6ff8b95","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"8f463caa-6a26-459b-8c54-4004a11e7ce6","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":"268fe6ad-f6d3-4fe8-a111-1e502f281633","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"8a704de9-c5b1-489c-b68c-b01191022bfd","block_type":"box","text":"4.6","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"382338b6-5753-49fd-b501-1efec9db8550","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"8d5aa757-ca34-46dc-8f3d-24bbfb749262","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"759007b5-8e9b-4f00-8b25-884407f89907","block_type":"box","text":"9.5","page_number":3,"box":{"x":786,"y":376,"width":13,"height":5}},{"id":"7910eb9e-64af-4c98-a7eb-cef87455a51c","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"dbc4e5e9-4536-45af-a3ad-682b90f6a935","block_type":"box","text":"7.7","page_number":3,"box":{"x":441,"y":365,"width":12,"height":5}},{"id":"6d8b1b81-ddbe-4d78-865b-3e15c1769ce0","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"f9de0c09-5396-44f7-8bbd-bcddbabfebc0","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"0baff50c-2c2d-40c8-89b3-a24aca823887","block_type":"box","text":"25.8","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"bf446493-1740-4d9f-8193-63011e4ecbe4","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"7331d3b9-85e8-4678-a048-93f5d553c095","block_type":"box","text":"45.0","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"811891d2-ef90-41a2-bcfd-9401058dff68","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"1e73ef93-ec1d-4b5b-a4d9-f6ccb19a5c8e","block_type":"box","text":"6.5","page_number":3,"box":{"x":441,"y":398,"width":12,"height":5}},{"id":"c77d5eb3-36be-4a66-844e-28bc3c7a0da4","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"702fc106-7703-4196-b862-b9c70b5f7555","block_type":"box","text":"1.0","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"e2419ae1-9471-425f-b7ba-10a7db5be8f5","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":"c8fbe137-b02f-48be-a5d3-61ca28404580","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"ed4950be-59ce-4559-ac8a-cfbff62b6222","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":"e65537f3-a3de-4901-be88-93f2ba8a215c","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"00812bd0-6216-423e-981a-2847a4fc2f8e","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":"4b40088a-3620-4f4f-8f59-9554116586b3","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"29012a37-1989-4f12-9f9c-dabbe64924b0","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":"de6ea863-9948-42a2-af44-c8e1ee75f37f","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"959d98ed-e090-4bef-8a87-ae6860a4bb8b","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":"f1d567e8-aace-4afa-aa8a-1af88615f5a5","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"67646a84-a753-4293-89df-94fac7166c9d","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"658cb661-143c-4247-aa76-f1a6bc6e1d30","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":4,"box":{"x":38,"y":31,"width":574,"height":21}},{"id":"9ec161e5-c310-48e2-b256-8f6259df66ef","block_type":"box","text":"EUR Hedged Dist","page_number":4,"box":{"x":40,"y":57,"width":146,"height":13}},{"id":"9ad7f711-b0a7-44dd-afbf-44ee34be2332","block_type":"box","text":"E053EN_092026","page_number":4,"box":{"x":894,"y":971,"width":72,"height":6}},{"id":"6368b726-6fd5-48ee-a397-0e2ee2d7b055","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":"cc8161b3-f68f-4896-8340-6b2f9809afc0","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":"e042e6e4-20bb-42dd-9d82-0b512fb94445","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":"9bc74e5a-b0ee-46c9-af7d-5b104dab2ccc","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"5dc509a0-50b8-4348-9553-1cc9fdb44869","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":"a13eea4c-5696-4bb1-8a22-f0dd3da62a87","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":"c2a60c19-a734-46dd-88ed-d1e7c736b190","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"83a8c36c-4714-4b96-8fcd-3d752a67cbd6","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"08c6a12e-b202-4066-a17b-d9004d1d06e5","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"49e093bb-859c-4e28-81bd-833b900b589f","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"fff66e94-e777-4668-93cb-df7ee1bab0da","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":"7cccff52-6345-49e3-b54e-9ab4247a9139","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":"ee3293c1-4a30-4901-9597-c4446fc93034","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"bd2b605c-da66-4933-8338-76e263074393","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":"b7102554-4f80-4827-9f6b-36a978919e6b","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":"c02463ff-2736-49da-8d34-1ea64b53f60f","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":"a5061f84-815a-4f77-b456-d3522d28845d","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"363308a4-b25f-42de-9273-d60f9dd8cf92","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":"2d9a9115-eb1d-42a4-b695-6cf594a7c64e","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":"cef0828d-ffe5-45da-94ee-5fa14fae866a","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":"3dd7b6af-d43e-426e-a5fd-9167a145b22a","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"0eb5cbce-f655-422d-aeb3-5fd07b550b36","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":"ab14c493-87b4-435b-adfd-d24a3463f455","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":"e8e93a1b-d246-4e9a-ae6d-31eaf7eef373","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"89316a61-a1ce-41d0-85bd-0929e1cc1f9c","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":"c2a6be14-621e-498a-8c64-652e2baafd97","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"553bb82a-d5f4-438a-ae90-92af80eba42b","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":"2794d985-ef2c-4118-bf01-ac62d14adbb8","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"076fb316-37c9-4a8b-961f-4569753656a8","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"b4c3fabb-804a-4f11-be5e-135564e03de1","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":"de49f1d5-8ace-4edd-afc3-bb3b24df8e59","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"c9187267-fbdd-445b-9ca7-91ec479625ba","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":"417f8343-d629-4421-b89f-39d3ad9f3afb","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"0415b662-49b2-4a03-86dd-73c937f36f44","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":"35d280f6-ec04-4019-8642-634aef071738","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":"96a9e752-543d-4388-a35b-edcc43528d2f","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":"4b201f0f-8a92-4bb3-acae-d60b310de57c","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"6bf1e862-446d-45f5-baef-fc1b7320bb87","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"a7de8e1d-7b65-445c-8e4d-c34e552fb748","block_type":"box","text":"Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index referenced","page_number":4,"box":{"x":39,"y":750,"width":762,"height":7}},{"id":"f4897ff6-948d-44af-aa59-a4d109da259d","block_type":"box","text":"herein is used with","page_number":4,"box":{"x":805,"y":750,"width":91,"height":6}},{"id":"3ffc2e6e-83e2-4c01-986b-fd6423fe1edc","block_type":"box","text":"permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval.","page_number":4,"box":{"x":39,"y":759,"width":531,"height":8}},{"id":"01e811ff-692b-440d-8a0a-e2cdc5497b75","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":773,"width":506,"height":8}},{"id":"9845a5d5-40e8-409c-a635-1e01ca017161","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":782,"width":326,"height":8}},{"id":"bc37cf37-89d1-4f9c-944d-a3efe437ece0","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":782,"width":98,"height":6}},{"id":"2f5b95d4-849a-43bf-8fdd-644af5ef153a","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"7e77c5f6-3c28-49cc-8e07-0a693c93f31a","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":"71abbd1c-9233-4b59-8240-5c5125b10022","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":"217494af-d6ab-4e73-b00d-057b4021a7c0","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":"cb486d64-feb8-4a18-840b-327cd206ef16","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"0d95943e-e312-4a0d-b675-9070ead425e2","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":"3c5549ac-d236-444b-8fe1-e5cbd337b3f7","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"c07cec0e-aa1c-46b0-81b1-38d4f93949ac","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":"b9f13154-af43-4a4f-a25b-cffe6efe7161","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"cf5a90bd-4070-4d6f-9b95-729b49b87dde","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":"5f7d645e-0a13-4f1c-a118-0e6a0a12d77e","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"decde574-7c79-47dc-9ef9-1f9e3f1a0e38","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"9932ca61-5d59-4c84-82bd-47384f878c0f","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":"40d27809-a693-4dfb-8b38-c841cb3c3932","block_type":"box","text":"funds they will be used to","page_number":4,"box":{"x":787,"y":208,"width":126,"height":7}},{"id":"3bdf96ca-8877-4f91-abf1-f289524def69","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":"7faedcb6-b411-4748-bc90-badd1bba16e0","block_type":"box","text":"n greater fluctuations of the","page_number":4,"box":{"x":782,"y":217,"width":141,"height":8}},{"id":"c76cc17e-59e4-4ddc-91f1-ba723f5c6ded","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":"f222071d-f122-42ca-8286-b06237f4c153","block_type":"box","text":"rency) or a market index.","page_number":4,"box":{"x":742,"y":227,"width":123,"height":7}},{"id":"c25d3bb3-bc77-42f8-b16e-0c467e1b9677","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":"d34fb4ec-4019-4ca6-97b1-a41e4f730a7d","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"dc153b43-dfc6-4ef7-8053-fa6b0faf7737","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":"7e601979-601a-426d-a101-170f658991b5"},"user_id":1000002,"date_created":"2026-10-15T22:16:26.471000Z","date_modified":"2026-10-15T22:16:26.471000Z","private":false}