{"annotation_id":"6d86d75a-9ff1-439a-a595-f3a61aa438f5","file_hash":"5f22377a8fe8a6187f0f3972bc83338aede66aec1339cd44a738f91ff1feecd9","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"2c760840-3fe9-4da2-8f84-791541e7fa2d","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"ed85d00e-5098-4438-916d-d77020a5b0c7","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"bd9ff26d-76ad-41b5-a830-ebe384d81b00","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"1f489de7-f85c-4982-a4b7-ee001bf39bca","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"06d520ca-f82c-40dd-8bab-bbf67cb1bc39","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"59c986d1-f899-492e-9090-43eef9764468","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"535252b1-43b7-40f3-bf91-c57bf7c60b07","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"b2dc139b-f8b4-4ca4-93e9-fe4c91505bc4","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"67539d6b-fcf9-4bda-9bdc-52202be15ceb","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"67d72975-b0cb-455c-ba27-0714fbad438d","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"43eefc12-6376-4abd-8e27-41e0d5e8820c","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"5a057dda-7438-478a-9a8d-e3b981e73fa0","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"4f7d58e1-3aa0-4051-82a4-68a0e27a3686","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"414f51a2-18db-4a36-88a2-dd9079f4ec13","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"d0c54e6a-5f1e-400c-9d36-d655e83c5ba0","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"97bc8b7e-7d10-4880-9dbb-c3348fdccaf8","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"42c0ee09-5bb0-4643-ad6d-7399c1a75285","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"e09af735-d4e1-461a-92bc-3faa92ff83d6","block_type":"box","text":"€100,000,000","page_number":1,"box":{"x":39,"y":345,"width":60,"height":6}},{"id":"e6026dc9-8bae-46fd-9075-6a23cf774aaa","block_type":"box","text":"IE000FHNKJI8","page_number":1,"box":{"x":142,"y":345,"width":62,"height":5}},{"id":"1e27f36c-92c0-401b-a55d-6c2993a7ecd2","block_type":"box","text":"BN7RXL6","page_number":1,"box":{"x":239,"y":345,"width":40,"height":5}},{"id":"8222269f-1074-4339-a7eb-c0846863edef","block_type":"box","text":"VAGSBIE","page_number":1,"box":{"x":305,"y":345,"width":39,"height":5}},{"id":"61d5f0d0-9c57-42e6-9d83-bb47bf9aa8f8","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"3a5c114d-c630-4772-b749-3fe2b4afd853","block_type":"box","text":"4","page_number":1,"box":{"x":489,"y":345,"width":5,"height":5}},{"id":"abb17e84-e182-4371-8a91-02edb62c174a","block_type":"box","text":"H03120EU","page_number":1,"box":{"x":562,"y":345,"width":46,"height":5}},{"id":"201bdb74-b3ac-4d2b-9654-269f69aa403c","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"4273fd8b-ae2c-40a6-948b-d9ea2f651f90","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"4e18712f-1bd2-46f9-8e48-911adfb5395d","block_type":"box","text":"Daily (T-1 16:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":115,"height":6}},{"id":"54aeb3ea-9ce7-437d-bac4-e5eed080169a","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"08e57b4c-77f4-4155-ae54-d7ed169b2cec","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"100d5433-a290-4ae8-87e9-4cc05c41025c","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"4497f488-fd1a-4a38-9949-ca653a3e464d","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"9e405f49-3e4c-4945-bb00-92820132aad8","block_type":"box","text":"Vanguard Global Strategic Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":548,"height":20}},{"id":"17ba6285-7f43-4306-afc7-1b9e2f482f0c","block_type":"box","text":"Institutional Plus EUR Hedged Dist","page_number":1,"box":{"x":40,"y":198,"width":295,"height":13}},{"id":"a86d7c7b-3baa-41cc-906a-e1c2b6cc50f4","block_type":"box","text":"Inception date: 23 July 2025","page_number":1,"box":{"x":40,"y":215,"width":202,"height":10}},{"id":"27e6b531-0191-4e24-b812-6c2cc008a299","block_type":"box","text":"Total assets (million) €65","page_number":1,"box":{"x":38,"y":232,"width":144,"height":7}},{"id":"8ddbd64d-7c18-4cb8-b54d-79922303cb72","block_type":"box","text":"|","page_number":1,"box":{"x":187,"y":232,"width":2,"height":7}},{"id":"bf92f2b4-081b-4319-858c-0701b1d4581d","block_type":"box","text":"Share class assets (million) €0 as at 30 September 2026","page_number":1,"box":{"x":193,"y":232,"width":322,"height":8}},{"id":"b2babf9b-89d9-4fc0-9574-e6f1e9ee4cb8","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"ea77cfb6-3b30-4d02-9cbe-c0f3eb70b9b4","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"97f9adfe-4cfc-4a42-b64f-ebb6c41bb68d","block_type":"box","text":"0.30 %","page_number":1,"box":{"x":228,"y":433,"width":35,"height":6}},{"id":"fa16d203-371c-4ec6-ba28-e40017b5c2ba","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":"c9abee9b-f3ae-4f72-b5fa-b91b6a2cba5d","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"05c218d0-6aee-4cb1-9db0-ad1b89ab25bd","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"d3901c68-db6b-4a73-8661-46d887659c43","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"fdd0e205-c735-40f7-a896-c0d0f7c0c5e2","block_type":"box","text":"The Fund aims to provide a higher total return (capital growth plus income) than the Bloomberg Multiverse Index (the ”Index”) after the fees","page_number":1,"box":{"x":51,"y":483,"width":701,"height":8}},{"id":"e0e860e1-6882-4e28-9b08-70d8d071d066","block_type":"box","text":"and expenses of the Fund.","page_number":1,"box":{"x":756,"y":483,"width":130,"height":8}},{"id":"13486d0f-8df9-4853-b088-75f013d1c76d","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":498,"width":3,"height":2}},{"id":"80af3552-79bd-47cc-8ac5-7500068cf9ca","block_type":"box","text":"The Fund employs an ”active management” strategy in aiming to outperform the Index and in doing so, the Investment Manager will follow distinct","page_number":1,"box":{"x":51,"y":496,"width":734,"height":7}},{"id":"dc24cfbb-6022-4457-9115-6fc81d485b0f","block_type":"box","text":"approaches in managing the","page_number":1,"box":{"x":789,"y":496,"width":141,"height":7}},{"id":"fef128d9-b86c-422e-9ae3-ecbc0ca36413","block_type":"box","text":"Fund’s assets.","page_number":1,"box":{"x":51,"y":506,"width":69,"height":6}},{"id":"e4535316-2169-4b6e-b5b0-4c29b5d13cfc","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":521,"width":3,"height":2}},{"id":"44433cd9-78f1-4ce4-9744-7dc9ef02b248","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":518,"width":733,"height":8}},{"id":"6bbfc42f-54f4-4679-a957-5b4f08193b27","block_type":"box","text":"tised and corporate debt from","page_number":1,"box":{"x":785,"y":518,"width":151,"height":8}},{"id":"7a7b0209-8cc1-4494-8ecd-a2bdcb9e66a5","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":529,"width":762,"height":8}},{"id":"d624e6ab-c5a9-4e5f-ab65-7146a28298cb","block_type":"box","text":"oody‘s or another","page_number":1,"box":{"x":814,"y":529,"width":87,"height":8}},{"id":"da57979e-f21a-4b69-a376-24ead3657eed","block_type":"box","text":"independent rating agency or, are determined to be of comparable quality by the Investment Manager but may invest up to 25% of its assets in non-inves","page_number":1,"box":{"x":51,"y":540,"width":767,"height":7}},{"id":"6db9c7af-a63d-4939-9556-6cb24f55438b","block_type":"box","text":"tment grade bonds with a","page_number":1,"box":{"x":818,"y":540,"width":130,"height":7}},{"id":"c5f759b0-6382-48b6-a8c2-57c8e6ee79da","block_type":"box","text":"rating of the equivalent of Ba1 or below by Moody’s or another independent rating agency.","page_number":1,"box":{"x":51,"y":550,"width":451,"height":8}},{"id":"af4781df-844f-419f-9fc9-cf7dd4463eb9","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":565,"width":3,"height":2}},{"id":"cb1f493b-0db4-4ed0-92d9-873bc766ee3c","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":562,"width":730,"height":8}},{"id":"550e4b1c-5e91-4670-a374-f40f78aaf238","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":562,"width":152,"height":6}},{"id":"9e1bd627-5f88-49a8-98a4-afb062b7457a","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":573,"width":752,"height":8}},{"id":"004f5350-cf2f-450a-a753-3ea814087ba2","block_type":"box","text":"ndex may be restricted by","page_number":1,"box":{"x":805,"y":573,"width":128,"height":8}},{"id":"7191630e-dbae-435e-80f4-2aafc87c1feb","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":583,"width":743,"height":8}},{"id":"16a62f52-e3f0-4771-800b-dba64f163afc","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":583,"width":160,"height":8}},{"id":"5682b1fe-af1c-4ed5-8cce-11d408878180","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":594,"width":607,"height":8}},{"id":"5f350284-8b23-4bdd-a402-9136bc1c87db","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":615,"width":133,"height":9}},{"id":"a62eb85b-d41f-472a-a23e-f016b656c8f4","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":38,"y":635,"width":193,"height":7}},{"id":"c92afc4f-dd7f-4002-949d-6cd0088ea7c7","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"b7d40dd0-5bf1-4e22-ae04-2777b36ee985","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"28b7dfa9-841f-4de5-ae3d-3a368d7b1c4a","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":"2a942494-43a8-49c8-9e44-b21417b5749b","block_type":"box","text":"Vanguard Global Strategic Bond Fund","page_number":2,"box":{"x":38,"y":31,"width":548,"height":21}},{"id":"2c93634f-3258-4649-82f2-f2a05b204ca9","block_type":"box","text":"Institutional Plus EUR Hedged Dist","page_number":2,"box":{"x":40,"y":57,"width":295,"height":13}},{"id":"61d99dfb-cff6-46ce-a892-4facfc77a555","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"e612ca04-bd98-4817-a316-a74c7bdfa3d7","block_type":"box","text":"EUR","page_number":2,"box":{"x":39,"y":142,"width":20,"height":6}},{"id":"9ed00ba8-a946-41c2-9540-2ae903c56161","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":145,"width":8,"height":1}},{"id":"10644b92-1a6e-4653-bce8-3ce4c48e75ff","block_type":"box","text":"Vanguard Global Strategic Bond Fund","page_number":2,"box":{"x":68,"y":142,"width":190,"height":8}},{"id":"96532835-7f35-4158-b294-423befdd0c28","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"b15d8d0b-7be7-40de-baed-96a925e1c011","block_type":"box","text":"— Bloomberg Multiverse Index Hedged in EUR","page_number":2,"box":{"x":98,"y":153,"width":226,"height":7}},{"id":"8c36323b-dcd5-47be-be53-4d55314b950f","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":593,"width":7,"height":1}},{"id":"7d43bc22-2c4b-4be5-845d-0e83427a66a7","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":593,"width":7,"height":1}},{"id":"24715657-0b81-41a5-883f-92650459e2f8","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":593,"width":7,"height":1}},{"id":"d1c3cbc5-7084-4a53-af8b-ab7dceb59aaf","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":593,"width":7,"height":1}},{"id":"137dac9f-ab13-4dee-948d-c0e0d605629f","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":593,"width":6,"height":1}},{"id":"609dee58-7cb7-486f-bf3d-ac3b0f41ac4e","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":593,"width":7,"height":1}},{"id":"5c0a157a-4a67-40e1-be41-1db5a1d412df","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":593,"width":6,"height":1}},{"id":"74025107-4a92-4fed-bcda-f3cc077af51f","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":593,"width":7,"height":1}},{"id":"3989094b-6966-4ab4-8537-8877b0401c5e","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":593,"width":6,"height":1}},{"id":"3be9102d-77f4-4d00-a430-d442e6d75b69","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":894,"y":573,"width":53,"height":5}},{"id":"197a3b82-9a37-4a1a-bbfe-6b2e22c28a97","block_type":"box","text":"-","page_number":2,"box":{"x":920,"y":585,"width":3,"height":0}},{"id":"19651073-7a33-4aab-815d-bcf8498889e1","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":894,"y":590,"width":53,"height":7}},{"id":"cbf54630-c515-4f7b-988d-d6a2848cf3d5","block_type":"box","text":"Fund","page_number":2,"box":{"x":63,"y":606,"width":20,"height":6}},{"id":"75712633-f8dc-4b69-bba2-8cd3a5b199d0","block_type":"box","text":"(Net of expenses)","page_number":2,"box":{"x":87,"y":607,"width":62,"height":6}},{"id":"7045fe4f-6f4b-433d-93da-c9b021c8312b","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":611,"width":7,"height":0}},{"id":"a440e81e-366a-4662-86d3-64eb865a468a","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":611,"width":7,"height":0}},{"id":"11b9f40f-2713-4f0b-9966-a1ea02ee4ef7","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":611,"width":7,"height":0}},{"id":"7b35fd0b-d512-4ccf-8a66-b88ae884a8f3","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":611,"width":7,"height":0}},{"id":"df179232-5400-45e6-8ad5-2dccacae215d","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":611,"width":6,"height":0}},{"id":"86f30031-93c1-498a-b324-8b5a15e6dab9","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":611,"width":7,"height":0}},{"id":"3f6ef1c0-f41d-4381-84df-d7869732d074","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":611,"width":6,"height":0}},{"id":"67d53e36-d51e-466a-aa4b-2cb0f2945795","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":611,"width":7,"height":0}},{"id":"bc842f1a-9f2c-4ba1-b196-dcffd330a116","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":611,"width":6,"height":0}},{"id":"2d6cbea5-94d5-483a-aa4a-26304467747f","block_type":"box","text":"-0.84%","page_number":2,"box":{"x":905,"y":608,"width":30,"height":5}},{"id":"2cb7ebe4-14b7-40b6-822d-ec2a9abd602e","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":623,"width":48,"height":5}},{"id":"f78dc4a7-23a7-4100-b4d1-24db45227719","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":628,"width":7,"height":0}},{"id":"afe08717-6c6a-4d37-998c-7b888b54c647","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":628,"width":7,"height":0}},{"id":"d7e2db15-224e-4945-8887-41729f141bda","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":628,"width":7,"height":0}},{"id":"009da0ee-2610-4dae-ba25-129da0e75f3e","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":628,"width":7,"height":0}},{"id":"40c4e697-14db-4efb-8c9d-1a528b0c9b3a","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":628,"width":6,"height":0}},{"id":"b8dfa89c-e9d1-4317-bda6-136d66963ea2","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":628,"width":7,"height":0}},{"id":"dd057f7f-b800-4664-8eea-a7e63bfd637e","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":628,"width":6,"height":0}},{"id":"891054c5-a606-4f5d-9605-a0f35168644c","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":628,"width":7,"height":0}},{"id":"7874217f-61af-4643-ae15-61805c971591","block_type":"box","text":"—","page_number":2,"box":{"x":840,"y":628,"width":6,"height":0}},{"id":"c8aa6920-dc5c-444f-a242-004eefd1b3a8","block_type":"box","text":"-2.26%","page_number":2,"box":{"x":905,"y":625,"width":30,"height":5}},{"id":"829b1f0b-3374-486c-b279-c3c78d087211","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":196,"width":148,"height":8}},{"id":"c9628909-e21c-4c30-96e4-d682e7402f4e","block_type":"box","text":"1 month","page_number":2,"box":{"x":281,"y":196,"width":41,"height":6}},{"id":"feb75801-6629-4eda-9f59-6dde4341a05c","block_type":"box","text":"Quarter","page_number":2,"box":{"x":374,"y":196,"width":39,"height":6}},{"id":"9ffbd4b8-8584-4060-a7a4-292036a2a106","block_type":"box","text":"Year to","page_number":2,"box":{"x":468,"y":186,"width":36,"height":6}},{"id":"88849a25-e298-4eb4-a9d2-02e2bf80308b","block_type":"box","text":"date","page_number":2,"box":{"x":482,"y":196,"width":22,"height":6}},{"id":"9883f806-34a1-46b2-92ae-a0a984d694d3","block_type":"box","text":"1 year","page_number":2,"box":{"x":552,"y":196,"width":30,"height":8}},{"id":"3a0163c0-b5b2-49fc-83e2-b891e7d5a64b","block_type":"box","text":"3 years","page_number":2,"box":{"x":627,"y":196,"width":35,"height":8}},{"id":"f6971753-9244-4293-a453-22fd895c7f9b","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":196,"width":36,"height":8}},{"id":"ca861cfa-164e-4070-adf9-b048bb1a74ba","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":196,"width":41,"height":8}},{"id":"66880615-4fee-4426-b61c-b0c961ef94a1","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":186,"width":26,"height":6}},{"id":"83821e10-9a7e-4b33-9986-c6419abf5017","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":196,"width":44,"height":8}},{"id":"90a3f6d4-04e5-482b-b329-973495548da6","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":214,"width":20,"height":5}},{"id":"703124ee-5ce9-4be7-9f11-42f75a4f406b","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":214,"width":59,"height":6}},{"id":"f3c2646e-e3a4-48c2-bd66-6b2be6fd0095","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":214,"width":3,"height":6}},{"id":"7efffc5c-9cc6-415a-af97-d55b0a232b52","block_type":"box","text":"-1.61%","page_number":2,"box":{"x":291,"y":214,"width":30,"height":5}},{"id":"e2aea555-76e7-44bf-aabf-075bdb5e10c4","block_type":"box","text":"-2.31%","page_number":2,"box":{"x":382,"y":214,"width":31,"height":5}},{"id":"02b341e3-e887-4eaa-b95a-34173e7ef92d","block_type":"box","text":"-1.52%","page_number":2,"box":{"x":474,"y":214,"width":30,"height":5}},{"id":"a106615c-17e7-4117-a97d-d7c4f2103764","block_type":"box","text":"-0.84%","page_number":2,"box":{"x":551,"y":214,"width":30,"height":5}},{"id":"70d2bfc5-0cae-46c4-a72e-fbc810992773","block_type":"box","text":"—","page_number":2,"box":{"x":656,"y":217,"width":6,"height":0}},{"id":"6ecdb38c-f25f-44f2-a39a-f038b7235db7","block_type":"box","text":"—","page_number":2,"box":{"x":753,"y":217,"width":7,"height":0}},{"id":"211cf270-6e0e-4321-8953-58cd5dc40025","block_type":"box","text":"—","page_number":2,"box":{"x":848,"y":217,"width":6,"height":0}},{"id":"27e77e30-c6eb-4087-9b1b-b4e71fa030d0","block_type":"box","text":"0.51%","page_number":2,"box":{"x":925,"y":214,"width":27,"height":5}},{"id":"0436a9e1-3402-44bd-b59a-cc324999e479","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":230,"width":48,"height":6}},{"id":"4cfdf232-f762-40e6-bdfe-fc1f6bc26889","block_type":"box","text":"-1.81%","page_number":2,"box":{"x":291,"y":229,"width":30,"height":5}},{"id":"513f8052-9397-48bc-b525-97a269308200","block_type":"box","text":"-2.89%","page_number":2,"box":{"x":382,"y":229,"width":31,"height":5}},{"id":"9dd71774-b9ab-45a9-8655-88120972aaa7","block_type":"box","text":"-2.57%","page_number":2,"box":{"x":474,"y":229,"width":30,"height":5}},{"id":"5573ea32-6724-4d34-af6c-b9cb731e3d4d","block_type":"box","text":"-2.26%","page_number":2,"box":{"x":551,"y":229,"width":30,"height":5}},{"id":"2cc054cd-942b-4f39-88c6-2ca9e8b867fb","block_type":"box","text":"2.53%","page_number":2,"box":{"x":635,"y":229,"width":27,"height":5}},{"id":"3fe0e4ee-1ed3-4b4d-831a-a5550ad0ffc3","block_type":"box","text":"-1.48%","page_number":2,"box":{"x":729,"y":229,"width":30,"height":5}},{"id":"078a099e-d10d-4a10-82ad-c5e12f17dd91","block_type":"box","text":"-0.25%","page_number":2,"box":{"x":824,"y":229,"width":30,"height":5}},{"id":"d16ebf80-f7b6-46ca-aaf3-2d06a0e3c0f9","block_type":"box","text":"-1.08%","page_number":2,"box":{"x":921,"y":229,"width":31,"height":5}},{"id":"3b9e218d-a619-4480-8d2e-7f8d8b576d90","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":"c3e18e1c-cc69-4cd0-9879-7e2801de9cfc","block_type":"box","text":"ing. The NAV of a Fund","page_number":2,"box":{"x":806,"y":246,"width":115,"height":7}},{"id":"c07bbd11-d8be-491e-94ec-2207c44ba8db","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":"cb7727e1-c7e2-4c50-9c25-47e821669815","block_type":"box","text":"Fund. The benchmark","page_number":2,"box":{"x":798,"y":255,"width":109,"height":6}},{"id":"e96621d0-dd96-48a2-9aa4-94e026633dfd","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":"396aef96-8cdf-4923-a122-c180805498b4","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":"dbe3a72d-8b49-4c5a-92e5-299a29a9b97a","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":"798e41f0-6ed4-44d9-ad6b-ad6ddbff6bc0","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":"27eb6809-f8ac-4996-937d-1bb1cfa822a7","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":306,"width":143,"height":6}},{"id":"6dbc9da8-8362-4528-bfba-d63c19feb1a7","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":"e4df6890-de93-4c17-b5a4-66f3f700d329","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":315,"width":97,"height":6}},{"id":"840b0858-21f3-476a-99fa-71382e31c6f7","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":"9d199053-7e8d-4bfd-9a5f-583406656b08","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":352,"width":88,"height":7}},{"id":"5acfbf19-74bf-429a-b96a-487d6fd2afe7","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":401,"width":167,"height":8}},{"id":"bbcadcc6-7702-49bc-b1ea-3a63edcfdacd","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":"6e4d63d2-eba8-4220-a20e-4a1bef9feb93","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":667,"width":117,"height":8}},{"id":"01fa00b5-2d84-4b18-89c3-2d1830e5b12e","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":"9f4caf47-23ed-4911-a509-abb49d963bca","block_type":"box","text":"lity which, in turn, are driven by","page_number":2,"box":{"x":761,"y":682,"width":154,"height":8}},{"id":"771cbf85-10c0-4d3f-a80b-d81a7732706e","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":"2612aa5a-707b-4153-bbd4-a32340b6590f","block_type":"box","text":"rency risk in the Fund, and","page_number":2,"box":{"x":800,"y":692,"width":129,"height":7}},{"id":"219c0191-4d92-4113-8c73-0602145b4a99","block_type":"box","text":"may affect the performance of the Fund.","page_number":2,"box":{"x":39,"y":702,"width":205,"height":7}},{"id":"d41d536c-46cf-4c09-bc1b-f342e15ddfcc","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":"c741a182-c7a8-4241-882e-872406877762","block_type":"box","text":"er instruments, may expose the","page_number":2,"box":{"x":774,"y":716,"width":157,"height":7}},{"id":"6e39ac28-28fb-45a5-9a0b-137f48e0cabe","block_type":"box","text":"Fund to financial loss.","page_number":2,"box":{"x":39,"y":726,"width":107,"height":6}},{"id":"f1931738-4134-4b23-b629-8a065f5fe7da","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":"cb0241a7-6345-485e-b087-abdce286c81d","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":"658fc850-7e96-4faf-b573-32b03b7f3e62","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":"94c1aef3-aae6-4e66-a321-70bad516e4fa","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":"e936cd6e-b8a3-454d-8446-7de9af212d94","block_type":"box","text":"terest rates before their maturity","page_number":2,"box":{"x":744,"y":782,"width":168,"height":8}},{"id":"bbbc3b99-e0a8-4c0f-93f0-fe740922ea31","block_type":"box","text":"dates.","page_number":2,"box":{"x":39,"y":792,"width":30,"height":6}},{"id":"5e717039-73e4-423e-bb8c-d975f4fa33c3","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":"1a4628e8-7c69-4e07-a487-9183efb2977d","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":808,"width":22,"height":6}},{"id":"7bf55867-f979-42ea-b15c-6680d34fe14a","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"17b68519-386d-4520-be98-b543beb65282","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"e232c25f-3c3c-4dbc-b608-9d0bd92d56e3","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"569a4380-e0ef-4055-872c-a33fb7d438cd","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"8faad1e9-b770-4e41-9c8a-201f7ef3df14","block_type":"box","text":"600","page_number":3,"box":{"x":614,"y":107,"width":16,"height":5}},{"id":"d54e6316-c637-4aa1-a613-8161d1adc8a4","block_type":"box","text":"36,410","page_number":3,"box":{"x":782,"y":107,"width":29,"height":6}},{"id":"651e362a-9de5-43f3-a743-102f95cbdcce","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"fdae54c2-620b-4036-962e-d3e5bc253e66","block_type":"box","text":"5.20%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"1509e70a-0618-478e-a24a-aa391764428a","block_type":"box","text":"4.70%","page_number":3,"box":{"x":784,"y":118,"width":27,"height":5}},{"id":"afd1548e-6837-451d-b65d-2f069d42003e","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"b0708912-3b3f-4173-b78a-53e58ccf76b3","block_type":"box","text":"4.3%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"fd2e178b-ad06-4b66-9331-57e2d609e4e7","block_type":"box","text":"3.4%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"1e409a9f-176e-439b-ab14-b4bd49e6ee8f","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"02c5ee88-a633-4eb3-a3aa-1a1c832e7fff","block_type":"box","text":"8.7 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"b52d8eb4-b7f6-41e4-b289-b24af99e8f9d","block_type":"box","text":"8.0 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"e75eda06-a101-4418-b60a-6c28e2aad2f6","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"26cdba44-21f1-425d-8f39-ab5b3c7fa9c9","block_type":"box","text":"A+","page_number":3,"box":{"x":619,"y":153,"width":11,"height":5}},{"id":"36118807-c404-42bb-b395-b7893cfa8038","block_type":"box","text":"A+","page_number":3,"box":{"x":800,"y":153,"width":11,"height":5}},{"id":"8a771f69-9a89-4ec4-812c-15eaad52a579","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"31d05261-a508-4016-9d46-7d1068057d2f","block_type":"box","text":"5.6 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"ff963d55-89f7-41d7-ab15-c1bca14281bc","block_type":"box","text":"5.9 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"900fff18-aef4-4de2-b7f7-86b721ccc1ff","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"cc95424f-7fbd-42fe-8d05-7eeaebb8e66c","block_type":"box","text":"-13.3%","page_number":3,"box":{"x":599,"y":176,"width":31,"height":5}},{"id":"e43f10ed-8b44-4bf3-a501-eb476f009ecd","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"884ee017-d5d9-4d7e-91a5-f5ae65eb8620","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"b46cb989-5924-449d-8258-6dee438b5868","block_type":"box","text":"2894%","page_number":3,"box":{"x":600,"y":188,"width":30,"height":5}},{"id":"d896f3d0-d641-48e5-8a1f-fd1f8f333761","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"ac9edb64-a27d-4717-8bf4-5f3ea8793d5c","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":"c5bcae2b-f0e5-40a3-af37-3c5f68e0d51d","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"9dcc48af-dfd2-40d4-8a98-f060e6fc3759","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":"329520dd-c312-4544-ba4d-deaf38e07fd1","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"2d5f87b0-0d8d-407b-a838-d8dee1e54aa7","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":"33e92852-a185-49b5-95de-69c145105969","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"0c67d2a4-31ac-4d04-bb04-03e72a655540","block_type":"box","text":"United States","page_number":3,"box":{"x":163,"y":268,"width":58,"height":5}},{"id":"39d16378-c3cb-42c1-a602-758c7722fc06","block_type":"box","text":"32.6","page_number":3,"box":{"x":434,"y":268,"width":18,"height":5}},{"id":"ac49db50-2be4-48f9-9204-4f6d76cb3dd1","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"c1f2d994-335e-47f1-b677-e94de4140c1a","block_type":"box","text":"Japan","page_number":3,"box":{"x":162,"y":279,"width":26,"height":6}},{"id":"5197ed03-02bc-4f8d-8f91-ac57dfc34358","block_type":"box","text":"6.5","page_number":3,"box":{"x":439,"y":279,"width":13,"height":5}},{"id":"4fba9423-9dcd-42fc-bdb2-ff7c6e793576","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":163,"y":290,"width":68,"height":6}},{"id":"3838edbb-0bac-4085-b6f9-50e470c0a0f4","block_type":"box","text":"5.8","page_number":3,"box":{"x":440,"y":290,"width":12,"height":5}},{"id":"d26e6e0e-c6aa-4478-9bbd-341bcffbbe50","block_type":"box","text":"Supranational","page_number":3,"box":{"x":162,"y":301,"width":60,"height":6}},{"id":"ce6a8204-eb49-4097-8d12-46e1c8579b11","block_type":"box","text":"5.3","page_number":3,"box":{"x":440,"y":301,"width":12,"height":5}},{"id":"0f6cf830-74c7-41d4-bb33-2fbc6dc3a820","block_type":"box","text":"Australia","page_number":3,"box":{"x":162,"y":312,"width":38,"height":5}},{"id":"5b10a25f-c4a2-4360-81b7-c79693151ad4","block_type":"box","text":"4.3","page_number":3,"box":{"x":439,"y":312,"width":13,"height":5}},{"id":"247d0360-4050-44d3-9130-b33d50ae3f0c","block_type":"box","text":"Poland","page_number":3,"box":{"x":512,"y":268,"width":28,"height":5}},{"id":"eca0407d-a24a-4556-b691-98741fca471b","block_type":"box","text":"4.2","page_number":3,"box":{"x":786,"y":268,"width":12,"height":5}},{"id":"4ca23bda-9be8-4e82-a46f-64f9dba417d4","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"ad3ed24d-08e6-43eb-9b33-aee85585600d","block_type":"box","text":"Korea","page_number":3,"box":{"x":512,"y":279,"width":24,"height":5}},{"id":"5dac8279-eef3-45b4-9889-efe43a06f681","block_type":"box","text":"4.0","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"fdaa853d-d2d1-484b-9dcb-fed4f342b47e","block_type":"box","text":"Italy","page_number":3,"box":{"x":512,"y":290,"width":18,"height":6}},{"id":"d7b3dbc3-ad60-4d50-a91e-4f8d73b3f53e","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"96445ecb-70d5-45e6-8885-288706cdef47","block_type":"box","text":"Hong Kong","page_number":3,"box":{"x":512,"y":301,"width":45,"height":6}},{"id":"61833624-8697-4b0a-97c4-6882df0cfed3","block_type":"box","text":"3.7","page_number":3,"box":{"x":786,"y":301,"width":13,"height":5}},{"id":"2d1c3d1e-6ceb-4009-abb6-e5e25bd3e3e8","block_type":"box","text":"Spain","page_number":3,"box":{"x":511,"y":312,"width":24,"height":6}},{"id":"94876e29-e8a9-4731-98c0-1c1214caea26","block_type":"box","text":"3.6","page_number":3,"box":{"x":786,"y":312,"width":13,"height":5}},{"id":"fc091f27-6ad8-4867-9bf2-0b1e9d3d2cef","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"6a8bf3c0-0a0b-4bfe-90b4-9a4695d42e40","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"74144104-01ad-4d26-a0cc-b5d62dc7dc4f","block_type":"box","text":"AAA","page_number":3,"box":{"x":163,"y":467,"width":19,"height":5}},{"id":"c2a3f3fb-dadf-4731-bb23-cd8c2dca2929","block_type":"box","text":"10.4","page_number":3,"box":{"x":435,"y":467,"width":18,"height":5}},{"id":"cb2e0a0b-742f-400c-b7cb-26a2c8ca035d","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"3b402f7a-8047-4b05-bf24-5668cb7ed267","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":512,"y":467,"width":43,"height":5}},{"id":"369554e7-729a-45ad-9000-ec272edacc57","block_type":"box","text":"-11.8","page_number":3,"box":{"x":777,"y":467,"width":22,"height":5}},{"id":"334c86c6-81e8-416a-8aae-3dc411656548","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":467,"width":8,"height":5}},{"id":"9881b295-c393-4162-b090-4f1419fef9b5","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":478,"width":12,"height":5}},{"id":"234889b8-0875-41c6-b01d-d41269f985f0","block_type":"box","text":"35.2","page_number":3,"box":{"x":435,"y":478,"width":18,"height":5}},{"id":"2b90624b-2ea5-4312-86ab-3dde82fce26b","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":489,"width":6,"height":5}},{"id":"09a2e062-58d3-4509-8cfa-98ce4223bb01","block_type":"box","text":"30.5","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"12ac178d-673b-4d88-ad6d-ba28bdff5805","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":500,"width":17,"height":5}},{"id":"e84f0928-857f-4d8e-a827-e566e979535b","block_type":"box","text":"30.4","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"75b8e0bc-ef98-41f5-bbdd-2b82323cbdda","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":511,"width":61,"height":5}},{"id":"12954e0b-034c-4db9-aca3-67bf9ba17129","block_type":"box","text":"5.3","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"f6df0319-9b31-46c6-a935-c5be1ff550dd","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"d655381f-1e25-4f48-a390-d08437e11d88","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"22de81c3-7634-4f2a-98e0-bd98351e14ea","block_type":"box","text":"Vanguard Global Strategic Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":517,"height":19}},{"id":"9a569207-f92c-470b-bf64-30e5025970fc","block_type":"box","text":"Institutional Plus EUR Hedged Dist","page_number":3,"box":{"x":40,"y":55,"width":295,"height":13}},{"id":"8dc37b72-89d9-4c75-87ce-80828495222f","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":"ef6ef050-f8c5-4473-a82c-6fd308838c3d","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":"c6f82796-b890-461b-a086-30257e58d6f6","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":603,"width":72,"height":7}},{"id":"f335f08f-3f00-417e-a980-2539c9204b34","block_type":"box","text":"24.0","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"68d1fbe6-098a-45c2-a6ff-b28467b0c3ef","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"4da54026-3fc4-4b02-86e3-e0a21deec0ac","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":615,"width":133,"height":7}},{"id":"1505a7dd-45e9-4288-a3da-ff644ada5f41","block_type":"box","text":"17.5","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"20d1930c-8a2f-49d3-b789-f4481cd9e616","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":162,"y":627,"width":140,"height":7}},{"id":"82f5f53f-b5f1-466d-9221-44ec554d8a9a","block_type":"box","text":"16.6","page_number":3,"box":{"x":434,"y":627,"width":18,"height":5}},{"id":"3513bafd-e6fb-4b50-a977-65d6f0da8910","block_type":"box","text":"Mortgage backed security pass-through","page_number":3,"box":{"x":162,"y":639,"width":171,"height":7}},{"id":"15ea12fd-76e1-4acb-8f5a-0dfe5e425635","block_type":"box","text":"14.6","page_number":3,"box":{"x":434,"y":639,"width":18,"height":5}},{"id":"4e816d01-ddf2-4608-a2af-cad0dabc202c","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":651,"width":137,"height":7}},{"id":"66f8de16-27cb-48d8-af69-98ee1e3946ea","block_type":"box","text":"11.8","page_number":3,"box":{"x":434,"y":651,"width":18,"height":5}},{"id":"d606c18a-7abd-496c-86b5-819db4a2d40a","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":511,"y":603,"width":97,"height":7}},{"id":"04342a40-718a-422c-923f-792ce7e15f60","block_type":"box","text":"9.7","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"7cab667e-14a7-4b90-be5a-b14543b7edcd","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"415122b7-1b5f-43e5-9bff-286fe7c6192c","block_type":"box","text":"Government-related - supranationals","page_number":3,"box":{"x":511,"y":615,"width":160,"height":7}},{"id":"01ed1b84-4602-424b-9517-73a2fe11c55e","block_type":"box","text":"5.3","page_number":3,"box":{"x":786,"y":615,"width":12,"height":5}},{"id":"efc31d2b-91ba-43d4-a6e2-a5de06d83020","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":627,"width":25,"height":5}},{"id":"d9b68fd5-4571-4af4-a8a5-203761be3a15","block_type":"box","text":"4.5","page_number":3,"box":{"x":786,"y":627,"width":13,"height":5}},{"id":"fb53931a-200d-4834-804d-d551e5094e02","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":639,"width":158,"height":7}},{"id":"ea6d4105-08d9-4322-ae17-58c2606a013e","block_type":"box","text":"4.3","page_number":3,"box":{"x":786,"y":639,"width":12,"height":5}},{"id":"8080ecda-744d-41a1-8315-ac16f3ddfcc5","block_type":"box","text":"Securitised","page_number":3,"box":{"x":511,"y":651,"width":47,"height":5}},{"id":"6ea8ba31-aedd-46f8-bf4c-9fe19e0574e6","block_type":"box","text":"3.1","page_number":3,"box":{"x":786,"y":651,"width":13,"height":5}},{"id":"dd81b8e3-562d-44d2-bae4-d73bb64597be","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"29cac385-6fc1-469f-8572-3b1343c5a878","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":"13eb0dfd-1364-4ea3-98e9-d9b983b65c51","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"34ce964a-749c-4833-b92a-7fecf574501f","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":"76ce265b-4831-4675-897a-a3b7414dcc6e","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"ded4f183-73ef-43c3-9e46-eab7f0289681","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":"7097ae33-1803-4e0d-b2c5-de6ff7b89352","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"9efe45c0-fd22-4276-8eb2-4df7de368c03","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":"a0dee21c-eeb3-4980-8602-b4c30786488c","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"c745b3f5-b60f-41be-8283-c1e8df75055a","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":"b55abc6b-ed74-4dcc-bc50-1a2ad7b5e79a","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"3e12e1e5-52dd-4a88-a91e-301f9f345e29","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":"d05f743f-a19a-4bfd-81f1-ebb26b12b225","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"82de861b-9efe-47b9-8fdc-e25cea44a27a","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":"9f5673e9-65a9-4ea0-9b37-a6f6a85c3f4a","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"1ef26625-ec91-4011-b2fb-79d220be9450","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":"db8910b4-f134-4f24-aad9-902d2d7a328f","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"acca4a15-d78b-4160-b15e-5b8a8d5c9a98","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":"80881c15-1615-4bdb-b76e-42b0f4551688","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"edd0ffbd-5935-4677-8ef0-13872e8ecfbd","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":"2cd62873-32ed-4d75-ba43-8fa5b921a656","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"37ee24a0-c88b-4b96-a3f5-37b0d2fa383b","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"cf2a0dc3-fe15-44b2-8b82-12813d236da0","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":"a7956817-8a0e-4046-ae7d-3d12990862ed","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":"91f88f69-86ad-4bc3-8904-c7ce46099751","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"edf770a8-b8b8-43cf-ad2f-9d44ca36eca5","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":"c6077188-071c-4b7b-baa6-6d333d5a7f79","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"e3c90b0a-8524-43a3-bcc3-f88bfe8b6d86","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":"c77bf9d8-a003-47bb-9838-4ff5d8b3a4e1","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"7f135006-c630-4bbe-b41d-2a70e1d0c792","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":"421caf27-519d-4d05-bca0-646e14b0c257","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"258b5712-5bf4-4c26-8e3c-cf3307b3f11c","block_type":"box","text":"2.0","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"f7e53889-a382-421f-933e-041fe9b363cc","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"f9bfb5d9-3d18-4fd9-bfe8-dab6b8353314","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"c8107376-3faf-40a8-b687-ea559a4fc063","block_type":"box","text":"7.8","page_number":3,"box":{"x":786,"y":376,"width":13,"height":5}},{"id":"f4b423b6-199c-4610-b733-e47900a80ed0","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"890206ad-02d3-4f8a-ad00-b98eb8a4d07e","block_type":"box","text":"-9.3","page_number":3,"box":{"x":437,"y":365,"width":16,"height":5}},{"id":"17832c99-906a-4f8d-9c61-7fbe48bef746","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"3d7b4cc8-6301-44c3-b764-e6b128af630f","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"d9b4fadd-32ae-46ee-8ee4-ebf3e99df90f","block_type":"box","text":"42.9","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"60f5f41e-189e-4d35-be37-379c5781c435","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"15eb7caf-d0fa-4203-8b9a-f3b084f94a20","block_type":"box","text":"45.2","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"1c709d30-beaf-419f-851a-fe5cab30e19d","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"69799ced-5f8e-490f-b38d-61bc7d60d2be","block_type":"box","text":"9.2","page_number":3,"box":{"x":441,"y":398,"width":12,"height":5}},{"id":"8a111240-d5a1-4411-958f-81bed7029801","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"b8d68c1f-d08f-47f5-8d32-8102aa56c9f6","block_type":"box","text":"2.4","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"3d6cfb46-1d64-437c-b971-c64d35973de5","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":"a8e4b485-ed31-4caa-82ce-266b504586ee","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"1afd5ed7-d2f5-42d8-8fa6-15aa6ba0e09e","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":"ae1cf229-3bc7-436c-9993-9017a7dd1026","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"f38db3a9-c36c-42e0-acc3-f66e64379183","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":"d8ca2e63-69a8-412e-9ee1-474a7985d9e2","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"6878773f-7aa2-4965-b967-c2fdc1293bf3","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":"70f093ad-7661-42c5-abc2-250f8a1e9d00","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"32431f3b-3281-4ee8-8558-b91da1355ceb","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":"e0c48f69-f5a7-434b-bbf6-aa307a4ba5e7","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"8bbef716-5a9f-45cd-987f-7c516646b616","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"26e60480-1a7b-4711-acf1-1abb68f780bd","block_type":"box","text":"Vanguard Global Strategic Bond Fund","page_number":4,"box":{"x":38,"y":31,"width":548,"height":21}},{"id":"eda07b17-d50c-4aef-978d-964cbb2ee9b9","block_type":"box","text":"Institutional Plus EUR Hedged Dist","page_number":4,"box":{"x":40,"y":57,"width":295,"height":13}},{"id":"b210ca46-7ab0-4f62-a391-5007f04e96ed","block_type":"box","text":"E114EN_092026","page_number":4,"box":{"x":898,"y":971,"width":68,"height":6}},{"id":"a49f4ce1-689f-4f7a-a4e4-ebed2bfe86a8","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":"8f8765cd-c29d-43cb-bc30-09fa609eda4b","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":"33b63a44-c671-47c6-b91f-a4ae46f491ab","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":"8d18f545-7e13-412a-b337-bb91983792b4","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"364602c7-8fcf-4a69-b2c2-f86e04819223","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":"c54568f2-334f-4cdd-b695-fbb40366670c","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":"200f8846-82af-48f5-8cb4-38694b58d210","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"c5d88a7e-1ff6-4bdb-8013-11248b0f833a","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"5d2a2b84-0d22-4b62-bf03-e447abe82734","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"d06c042d-f948-47da-82fa-ddf3398f764b","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"04007bc6-bc64-4526-85d3-faba905154e0","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":"5d78fb12-6913-4eeb-a1b7-36f7fbe3dc81","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":"8de0ea69-cca8-4fc6-ad49-30b57f0bc005","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"c0ae2a05-f869-4369-8022-ddb4b128cc9f","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":"bd3a7075-e221-483d-908e-ee7543e09dd4","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":"6f3f5ba1-3c02-4d40-9a18-73a06c9565c0","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":"d19f90a9-8a1e-4b30-90f4-8ce72dfb880c","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"f793bbab-4ae2-46e0-80b3-c77d81cc86da","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":"a98dbbf3-3e1c-4713-bf44-ed8327723549","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":"bdf7b161-fa35-454c-bcf6-a80aa97b3b1a","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":"d84f08ea-b5b3-4243-850e-45cf23dc7fbc","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"b9fe8552-4ce4-4407-8435-62a245d53954","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":"7c4d50a7-d8d6-4e49-8ce5-1dc537b16b04","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":"3d60651d-8094-4c0a-a2d8-a02107c98fdc","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"4834f5ae-4381-48cd-b271-97e74230b52e","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":"aeb35a4f-49e0-41a2-bb68-3f896c1c9a0f","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"0e4caa95-d49a-452e-8a50-af31f7e8c72a","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":"3f35f41d-d88e-471d-a317-6ecdef30dc69","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"d0f43eb5-8ed6-494f-b0bd-7b8e89084199","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"cffa644a-cf58-415c-a428-00fb57144cde","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":"cd8463d0-f78e-4810-b289-6ecd96fa0645","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"a428507d-6e4b-4d3e-af5a-a2dcf55fa6ae","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":"422685ec-08c0-434a-986f-9b2351fa2330","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"8faec902-9474-4ad0-8f7b-15c2ac2c4d6d","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":"b2af03c7-354c-47dc-8fa2-abbaca6ad1e3","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":"dfe1ceae-cbed-4fbe-9b36-59e5ecc9e967","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":"6cdb5f28-7d00-4fd1-9937-7138ac43401e","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"b8096cb9-3388-4d08-a4b6-848d562820cd","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"60de305f-1760-4009-93a4-e7f05002fa46","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":"6b33076c-6a48-4d90-9b12-a533cc40342e","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":750,"width":143,"height":7}},{"id":"25b661f2-16a0-489d-92da-23857d8e4951","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":"518525ec-d110-45cb-a485-bc374ececf7d","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":"a03f364a-d8d6-4387-ac90-79a817464e78","block_type":"box","text":"lied, to the owners or","page_number":4,"box":{"x":787,"y":773,"width":104,"height":7}},{"id":"51b8a951-54ec-42f2-9723-a7fe519e7f4d","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":"624495e7-d8f0-436f-b4cf-3eb1fa1d3ef7","block_type":"box","text":"or the ability of the Bloomberg","page_number":4,"box":{"x":771,"y":782,"width":153,"height":8}},{"id":"d8a69008-6e6a-4f09-8333-c9864c9ebafe","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":"550dfa71-39f8-4a44-9887-b2226e3f2afc","block_type":"box","text":"r entity. Bloomberg’s only","page_number":4,"box":{"x":786,"y":792,"width":127,"height":7}},{"id":"493cce27-5260-4a8e-a6d6-e52e143f8df7","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":"cd090a64-19b7-4df0-b7ae-2ebb3eeb4e49","block_type":"box","text":"ard to Vanguard or the","page_number":4,"box":{"x":809,"y":801,"width":114,"height":8}},{"id":"79067c6f-3fbe-4759-8bed-00b9d052065a","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":"c3af6b41-7633-46aa-a9d2-c2a8dc32e419","block_type":"box","text":"consideration in","page_number":4,"box":{"x":802,"y":811,"width":78,"height":6}},{"id":"d3da7262-8660-49d7-8406-7086bbe5c990","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":"14f0903d-44ca-49ba-9a27-c74bf7b97057","block_type":"box","text":"he timing of, prices at, or","page_number":4,"box":{"x":793,"y":820,"width":124,"height":8}},{"id":"1706c243-52ab-44f3-9826-e4b9c067c771","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":"9d2f75d1-c624-4ccb-bd64-59c95e519a68","block_type":"box","text":"ing of the products.","page_number":4,"box":{"x":774,"y":829,"width":97,"height":8}},{"id":"a8be102c-46f7-4f9c-a68e-3d94fa35376e","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":"9f5c2e3d-0733-45a2-8a35-a06dd4c2f2f5","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":"5e7b43fb-bc98-4292-a9fa-7f9ebc8ebbd3","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":852,"width":98,"height":6}},{"id":"655fa771-bbfa-473d-aa5c-5f263b205c90","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"fa3b72cc-30e1-457f-a410-fc7560eec443","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":"91f73414-9fea-4786-8556-9adb942410a8","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":"1dbc498e-1e9a-4576-ac92-1f1eb4d39003","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":"4a907e35-74e1-4f3c-986f-65dc3572f1e2","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"b321af17-59a4-488b-909a-07e92e9fe725","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":"64ff682c-bf72-421a-ac10-8fb3196ea719","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"c29f7742-96cd-4541-92ac-82b8e5d95ff0","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":"ebc037fc-9239-4c4d-826b-2db11fc331ae","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"399082f5-c0c0-4660-be1d-42f6a80e79d8","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":"a5816eb3-8a4f-4214-88fd-9bd313f1ef74","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"ff8cb04d-349e-4599-9cb8-359a15d1316b","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"9aac0288-713e-4c50-a19e-3c17c2ff2072","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":"39c0175b-d8a1-45db-9a55-2775371b3ed1","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"36cd690d-f386-40c8-b950-87bf51ddcb35","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":"5bc6357f-2eb3-4ed6-ad02-28951c90d234","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"ef9024ff-c08d-4faa-b5cb-62a996b102d6","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"51b7aadf-f0d9-44d3-a55c-70ae92ed071c","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":"391a3841-4903-403c-81a6-3b7986b64c01","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"4dcd0b0b-5035-4a77-ab07-6065a4694238","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":"db5e6da3-972e-4d60-9f6e-056823304736"},"user_id":1000002,"date_created":"2026-10-15T22:28:21.652000Z","date_modified":"2026-10-15T22:28:21.652000Z","private":false}