{"annotation_id":"8a1d6257-dde8-49e4-b602-47a586d44659","file_hash":"e006f89e46f9344215f19baeb460e6989f5042b522c9a5ebae523ac5823857d2","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"c5e23e30-1616-42ce-ace4-76e0ecdaa11f","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":12,"width":155,"height":25}},{"id":"f64841b7-bd6d-45ca-a9ac-070239aa62c9","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":13,"width":14,"height":4}},{"id":"0d6a0983-180b-46a0-bfc6-daf078c9f778","block_type":"box","text":"Vanguard EUR Corporate 1-3 Year Bond UCITS ETF","page_number":1,"box":{"x":38,"y":107,"width":818,"height":22}},{"id":"d0fcbc60-82b4-4e6e-b3d4-8ff04043d8cf","block_type":"box","text":"EUR Distributing - An exchange-traded fund","page_number":1,"box":{"x":40,"y":136,"width":377,"height":13}},{"id":"1a2050c3-672b-4a5d-b869-be9c1f342f87","block_type":"box","text":"Inception date: 11 March 2025","page_number":1,"box":{"x":40,"y":155,"width":215,"height":10}},{"id":"5767540c-eafe-4d96-aec7-6b2eb917636f","block_type":"box","text":"Total assets (million) €301","page_number":1,"box":{"x":38,"y":176,"width":150,"height":8}},{"id":"694c4bdc-529f-4a79-b87c-03e7f5ebf740","block_type":"box","text":"|","page_number":1,"box":{"x":193,"y":176,"width":1,"height":7}},{"id":"bc545cc1-9079-4311-b3da-c73f3de82ffe","block_type":"box","text":"Share class assets (million) €41 as at 30 September 2026","page_number":1,"box":{"x":199,"y":176,"width":325,"height":8}},{"id":"03be525d-a071-4fe4-b3ec-7ea59e4cab2f","block_type":"box","text":"Key ETF facts","page_number":1,"box":{"x":39,"y":210,"width":89,"height":9}},{"id":"ebb199da-dd13-497b-9cb2-dfcfb2b0e801","block_type":"box","text":"Exchange ticker","page_number":1,"box":{"x":307,"y":214,"width":80,"height":7}},{"id":"17656141-f539-4d8b-bdec-d39919fad58e","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":457,"y":214,"width":36,"height":6}},{"id":"e8ae7276-1bf3-4595-8bca-b5594b06f754","block_type":"box","text":"Reuters","page_number":1,"box":{"x":561,"y":214,"width":39,"height":6}},{"id":"286c4cda-6470-447b-93f3-421b02837422","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":674,"y":214,"width":54,"height":7}},{"id":"9a188bd9-bcfa-4c57-b20a-42d0040d70ab","block_type":"box","text":"Bloomberg iNav","page_number":1,"box":{"x":771,"y":214,"width":80,"height":7}},{"id":"b1e9709b-0327-49f7-859b-a86bb40b085d","block_type":"box","text":"Valoren","page_number":1,"box":{"x":912,"y":214,"width":39,"height":6}},{"id":"220bc816-5bab-4312-844f-44ef2dc45b06","block_type":"box","text":"NYSE Euronext","page_number":1,"box":{"x":39,"y":234,"width":78,"height":6}},{"id":"5e03c9e4-95b4-481d-b9cd-cbc11ab30e15","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":245,"width":17,"height":5}},{"id":"2ced0da6-ac9a-48e8-bb76-38fccb3ed07d","block_type":"box","text":"VSCE","page_number":1,"box":{"x":362,"y":245,"width":24,"height":5}},{"id":"5cdb5668-9505-40ce-aedc-803e037abbfe","block_type":"box","text":"BTCH9B5","page_number":1,"box":{"x":452,"y":245,"width":40,"height":5}},{"id":"c4ef7c28-a0ee-4c48-b47a-857efc832a00","block_type":"box","text":"VSCE.AS","page_number":1,"box":{"x":560,"y":245,"width":39,"height":5}},{"id":"22a35819-7a0d-472b-af0c-4e16c908709d","block_type":"box","text":"VSCE NA","page_number":1,"box":{"x":689,"y":245,"width":39,"height":5}},{"id":"4ef36fba-f92c-4bd1-97d1-f10d143608dc","block_type":"box","text":"IVSCEEUR","page_number":1,"box":{"x":806,"y":245,"width":44,"height":5}},{"id":"031f3b86-008e-4e31-b029-e4bef6468210","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":248,"width":6,"height":0}},{"id":"d4993dba-9761-48bd-8182-f807c304174e","block_type":"box","text":"Deutsche Börse","page_number":1,"box":{"x":39,"y":259,"width":79,"height":6}},{"id":"5ae6a001-caa2-43e0-945e-1230af04edd2","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":269,"width":17,"height":5}},{"id":"20edbc6d-60db-4e19-b54e-919a69a93fe3","block_type":"box","text":"VGCE","page_number":1,"box":{"x":361,"y":269,"width":25,"height":5}},{"id":"2c0310f4-cafc-4178-a4b3-dc415e2d692b","block_type":"box","text":"BFN3KC2","page_number":1,"box":{"x":452,"y":269,"width":41,"height":5}},{"id":"26b61212-6850-4ead-9fea-c2af887155ea","block_type":"box","text":"VGCE.DE","page_number":1,"box":{"x":559,"y":269,"width":40,"height":5}},{"id":"9e859430-5086-4a54-b17a-1b047055a91b","block_type":"box","text":"VGCE GY","page_number":1,"box":{"x":688,"y":269,"width":40,"height":5}},{"id":"93e83372-0cb8-4d7e-97c7-6127f7e31078","block_type":"box","text":"IVSCEEUR","page_number":1,"box":{"x":806,"y":269,"width":44,"height":5}},{"id":"901fcca8-e373-4eb6-9d0b-43647cb1e240","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":272,"width":6,"height":1}},{"id":"9093bd38-951c-49cd-845c-e922ed206bcb","block_type":"box","text":"Borsa Italiana S.p.A.","page_number":1,"box":{"x":39,"y":282,"width":103,"height":8}},{"id":"f833ba60-d651-4e39-a7e3-9a83e286a323","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":294,"width":17,"height":5}},{"id":"8c2ead31-6548-4078-b6cc-93506be414ae","block_type":"box","text":"VSCE","page_number":1,"box":{"x":362,"y":294,"width":24,"height":5}},{"id":"9bb676fa-b3ae-48cf-9d38-ede9f37303a6","block_type":"box","text":"BTCH993","page_number":1,"box":{"x":452,"y":294,"width":40,"height":5}},{"id":"160cb5cf-163b-436a-9bc3-16b2c8dba20d","block_type":"box","text":"VSCE.MI","page_number":1,"box":{"x":562,"y":294,"width":37,"height":5}},{"id":"378e2b11-60d5-4e8b-8d11-275c2dff3367","block_type":"box","text":"VSCE IM","page_number":1,"box":{"x":691,"y":294,"width":37,"height":5}},{"id":"b1e105a0-6546-4599-bfc6-f51fa8a467b1","block_type":"box","text":"IVSCEEUR","page_number":1,"box":{"x":806,"y":294,"width":44,"height":5}},{"id":"7e9b8ea2-d8f1-4fbc-b7a0-5d8fbb82c455","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":297,"width":6,"height":0}},{"id":"405b78e5-8127-432e-9047-c935fbb93047","block_type":"box","text":"Ongoing Charges Figure†","page_number":1,"box":{"x":39,"y":461,"width":134,"height":8}},{"id":"a94d2687-4427-4393-8be9-13e2cad99904","block_type":"box","text":"e†","page_number":1,"box":{"x":173,"y":458,"width":10,"height":9}},{"id":"ac977bf4-60b3-43d7-adb0-1aa1a1d50c34","block_type":"box","text":"0.09","page_number":1,"box":{"x":218,"y":461,"width":23,"height":6}},{"id":"7bb8f5cb-75fc-494f-bafb-1b120a606c42","block_type":"box","text":"%","page_number":1,"box":{"x":242,"y":461,"width":9,"height":6}},{"id":"26c9740d-2cc4-42b8-ad55-76a5bc00b188","block_type":"box","text":"†","page_number":1,"box":{"x":39,"y":484,"width":5,"height":4}},{"id":"b557c97d-d50e-4bf4-a750-f86550c7217b","block_type":"box","text":"The Ongoing Charges Figure (OCF) covers administration, audit, depository, legal, registration and regulatory expenses incurred in respect of the Fu","page_number":1,"box":{"x":49,"y":485,"width":738,"height":7}},{"id":"64eaa388-c24b-43b4-b99c-c239a26a428e","block_type":"box","text":"nds. When you invest with","page_number":1,"box":{"x":789,"y":485,"width":129,"height":7}},{"id":"5da34e16-d0a1-43d0-b000-ca5672d23a05","block_type":"box","text":"any fund manager, you pay a number of charges, starting with the Annual Management Charge (AMC) which covers the fund manager’s costs of managing","page_number":1,"box":{"x":39,"y":497,"width":777,"height":8}},{"id":"20685764-30c0-46f2-8ece-10dbfa6a379c","block_type":"box","text":"the fund. The AMC","page_number":1,"box":{"x":820,"y":497,"width":93,"height":7}},{"id":"0d0ad40e-8e3c-4c8f-b9a7-bbda7641626a","block_type":"box","text":"plus ongoing running costs and other operational expenses make up the fund’s total ’ongoing charges figure’.","page_number":1,"box":{"x":39,"y":508,"width":543,"height":8}},{"id":"57f69210-e01a-46d8-9339-e4e464b0fd2c","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":527,"width":186,"height":8}},{"id":"83fe66f5-b162-4b05-9c42-17da0f398c7f","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":544,"width":3,"height":2}},{"id":"4bc648ed-f204-43bd-82e4-a8db9f4a4bb6","block_type":"box","text":"The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the pe","page_number":1,"box":{"x":51,"y":542,"width":732,"height":8}},{"id":"b550aaff-a63a-4cba-8400-05869cb9fc1b","block_type":"box","text":"rformance of the Bloomberg","page_number":1,"box":{"x":784,"y":542,"width":142,"height":8}},{"id":"4a6b93fb-03e3-428e-a246-892dbc38c93b","block_type":"box","text":"Euro Corporate 500 1-3Y Index (the “Index”).","page_number":1,"box":{"x":51,"y":553,"width":223,"height":7}},{"id":"becef6a8-5cfa-48bb-976f-152d94c99a2b","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":567,"width":3,"height":2}},{"id":"0b156742-0d6d-4d1e-94ae-ad34c9138804","block_type":"box","text":"The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index’s capital and income return.","page_number":1,"box":{"x":51,"y":565,"width":685,"height":7}},{"id":"69106356-10e4-498c-8a17-1377383daeb4","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":579,"width":3,"height":2}},{"id":"7d5bc7a3-c26e-44f9-a626-490ac45e24c5","block_type":"box","text":"The Index is designed to reflect the universe of Euro denominated fixed rate corporate bonds which have a par amount outstanding greater than or equal","page_number":1,"box":{"x":51,"y":577,"width":765,"height":8}},{"id":"e5499e4e-e978-4d79-97ad-ab9e569524c3","block_type":"box","text":"to EUR 500 million.","page_number":1,"box":{"x":819,"y":577,"width":96,"height":6}},{"id":"5d393d8e-a87b-4c57-8187-e2acdb857977","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":591,"width":3,"height":3}},{"id":"aae9a44e-c032-4a57-89a6-a5980a5399c7","block_type":"box","text":"Bonds in the Index have maturities of between one and three years and are generally investment grade.","page_number":1,"box":{"x":51,"y":589,"width":516,"height":8}},{"id":"68cd7b93-c41e-47d2-b745-ef2882b78691","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":604,"width":3,"height":2}},{"id":"47af2007-0a4a-47df-aa4e-28c7959b3d27","block_type":"box","text":"To a lesser extent, the Fund may invest in bonds outside the Index where the risk and return characteristics of such bonds closely resemble those of t","page_number":1,"box":{"x":51,"y":602,"width":740,"height":7}},{"id":"1c5a3f05-145e-498e-bf6e-46a457148a6c","block_type":"box","text":"he constituents of the Index.","page_number":1,"box":{"x":792,"y":602,"width":141,"height":6}},{"id":"0c6953e1-86fd-4022-ab11-b017c390bec2","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":616,"width":3,"height":2}},{"id":"439d75c9-b389-4d5c-8ed6-4be40c55b021","block_type":"box","text":"The Fund attempts to remain fully invested except in extraordinary market, political or similar conditions where the Fund may temporarily depart from","page_number":1,"box":{"x":51,"y":614,"width":752,"height":7}},{"id":"d9e206b3-258e-4777-81e8-3cafd05a51f9","block_type":"box","text":"this investment policy to","page_number":1,"box":{"x":807,"y":614,"width":122,"height":7}},{"id":"a8115576-ba6e-40c8-89b7-f61ec7b2cde2","block_type":"box","text":"avoid losses.","page_number":1,"box":{"x":51,"y":624,"width":61,"height":6}},{"id":"c41610c2-f297-47d6-90ba-7608719ee699","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":639,"width":3,"height":2}},{"id":"64b3eafa-6598-424c-b9db-f70d33928d87","block_type":"box","text":"While the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly, due t","page_number":1,"box":{"x":51,"y":637,"width":729,"height":7}},{"id":"5c9c05fd-968c-4404-ba59-564a01d36fde","block_type":"box","text":"o various factors such as","page_number":1,"box":{"x":781,"y":637,"width":122,"height":6}},{"id":"b263090e-ba64-47c5-9bf1-a56ab6a66355","block_type":"box","text":"expenses to be paid by the Fund and regulatory constraints. Details of these factors and the anticipated tracking error of the Fund are set out in the","page_number":1,"box":{"x":51,"y":647,"width":741,"height":8}},{"id":"a75cd066-f0cd-4045-8412-31980f042a2c","block_type":"box","text":"Prospectus.","page_number":1,"box":{"x":796,"y":647,"width":57,"height":8}},{"id":"4f746b28-5c3e-4618-9078-dca4b0af0986","block_type":"box","text":"‡","page_number":1,"box":{"x":35,"y":956,"width":3,"height":4}},{"id":"e85e6e33-9452-4c9a-a221-63483bc67b5c","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":956,"width":181,"height":7}},{"id":"e1f9b1f4-10ec-4ecc-97ee-4fbeb4b0eac1","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":42,"y":971,"width":658,"height":8}},{"id":"c398ed87-8e86-4412-8d59-05329fae7c87","block_type":"box","text":"Base currency","page_number":1,"box":{"x":39,"y":321,"width":71,"height":7}},{"id":"80b2364e-7163-429e-8c11-321145a83ae9","block_type":"box","text":"Tax reporting","page_number":1,"box":{"x":268,"y":321,"width":69,"height":7}},{"id":"ae2d0802-0f4f-405a-a6f5-95469ba2fbfc","block_type":"box","text":"SRRI","page_number":1,"box":{"x":412,"y":321,"width":23,"height":6}},{"id":"660561d8-d2e2-4fc1-b68a-da0c99275b7b","block_type":"box","text":"‡","page_number":1,"box":{"x":436,"y":321,"width":4,"height":3}},{"id":"0229b3eb-e9e4-48d1-bc55-cbbf90a94316","block_type":"box","text":"Index ticker","page_number":1,"box":{"x":496,"y":321,"width":59,"height":6}},{"id":"6139f243-a3d7-47ea-a977-3d46e1d259eb","block_type":"box","text":"Investment structure","page_number":1,"box":{"x":646,"y":321,"width":108,"height":6}},{"id":"2a23ec4d-7a3a-4f13-a93c-d8cd710a773e","block_type":"box","text":"Domicile","page_number":1,"box":{"x":903,"y":321,"width":42,"height":6}},{"id":"f273764b-d461-4bdf-b268-1a00740d465d","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":338,"width":17,"height":5}},{"id":"4296a1e7-bbdf-4d8a-8d63-49bd75c6ccd3","block_type":"box","text":"UK Reporting","page_number":1,"box":{"x":281,"y":338,"width":56,"height":6}},{"id":"2c02b634-2707-411c-bf84-abf2398aa7e1","block_type":"box","text":"2","page_number":1,"box":{"x":435,"y":338,"width":5,"height":5}},{"id":"29f16ab1-d68b-4fbe-aa2d-a000b15482a2","block_type":"box","text":"I04352EU","page_number":1,"box":{"x":514,"y":338,"width":40,"height":5}},{"id":"fdc62ee2-9eb1-4203-af3d-f16d2f19f4d7","block_type":"box","text":"UCITS","page_number":1,"box":{"x":727,"y":338,"width":25,"height":5}},{"id":"367fd52a-caa0-44d2-b0f7-db8634da8fdb","block_type":"box","text":"Ireland","page_number":1,"box":{"x":917,"y":338,"width":28,"height":5}},{"id":"e96c6890-7678-4e70-9adb-c1f38f4cd0b8","block_type":"box","text":"Legal entity","page_number":1,"box":{"x":39,"y":368,"width":60,"height":8}},{"id":"8738f643-f98d-423f-8f10-e7963c05fe38","block_type":"box","text":"Investment method","page_number":1,"box":{"x":238,"y":368,"width":99,"height":6}},{"id":"acaf2404-5f34-486a-b422-0b95a61f3a00","block_type":"box","text":"ISIN","page_number":1,"box":{"x":420,"y":368,"width":20,"height":6}},{"id":"f25caff2-f425-499a-ad7f-f527f8340e3b","block_type":"box","text":"Dividends","page_number":1,"box":{"x":506,"y":368,"width":49,"height":6}},{"id":"72d263eb-a291-44ba-88b5-529a8db7ee86","block_type":"box","text":"Dividend schedule","page_number":1,"box":{"x":663,"y":368,"width":90,"height":6}},{"id":"749d97d9-3aa2-4f8d-b562-5337772e0c18","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":841,"y":368,"width":105,"height":8}},{"id":"52545e37-892a-4b61-a4e0-c253593ed71c","block_type":"box","text":"Vanguard Funds plc","page_number":1,"box":{"x":38,"y":385,"width":85,"height":6}},{"id":"fb7a01a9-c447-4d1c-8c72-aa1f36982bf4","block_type":"box","text":"Physical","page_number":1,"box":{"x":303,"y":385,"width":34,"height":6}},{"id":"85ad3592-d45d-4dbd-9336-4f8348d0918e","block_type":"box","text":"IE00BDD48S37","page_number":1,"box":{"x":372,"y":385,"width":67,"height":5}},{"id":"6b04b910-137d-4ee2-87e3-41943ce00955","block_type":"box","text":"Distributed","page_number":1,"box":{"x":507,"y":385,"width":47,"height":5}},{"id":"53546a2e-683e-47ff-99da-ccb79f58328b","block_type":"box","text":"Monthly","page_number":1,"box":{"x":719,"y":385,"width":34,"height":6}},{"id":"f763497b-c4b2-4dbd-9362-fbb490f475af","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":780,"y":385,"width":166,"height":6}},{"id":"20aeb690-4c70-44e6-b99b-1f04809184af","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":67,"width":229,"height":9}},{"id":"801f583b-7d22-4883-979b-d2dae619a66d","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":80,"width":84,"height":10}},{"id":"b372e542-8771-4dbc-8289-a0c2b376f5a0","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":81,"width":7,"height":11}},{"id":"2f012d76-2f66-43df-a5bd-3baf1b410532","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":81,"width":161,"height":11}},{"id":"20965b87-0541-492e-92c3-b3d0d83d3bd7","block_type":"box","text":"Vanguard EUR Corporate 1-3 Year Bond UCITS ETF","page_number":2,"box":{"x":38,"y":34,"width":736,"height":19}},{"id":"72d98807-5073-4e13-9666-a233e829953a","block_type":"box","text":"EUR Distributing - An exchange-traded fund","page_number":2,"box":{"x":40,"y":60,"width":377,"height":13}},{"id":"f5cd737b-ffa8-4779-a64f-7e716ea144e3","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":99,"width":127,"height":8}},{"id":"d65bbd00-6f6f-4dd0-b6e9-1d32d3fedefd","block_type":"box","text":"EUR","page_number":2,"box":{"x":39,"y":117,"width":20,"height":6}},{"id":"65220dfb-9677-40f2-afc9-7263c22c47ab","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":120,"width":8,"height":1}},{"id":"3ecebb9e-ce1a-420e-b05e-8cec45e03091","block_type":"box","text":"Vanguard EUR Corporate 1-3 Year Bond UCITS ETF","page_number":2,"box":{"x":68,"y":117,"width":256,"height":7}},{"id":"91f4efde-4a3f-4726-8add-d4120e90057b","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":128,"width":56,"height":6}},{"id":"3d941d37-ef14-4caa-a650-3f08a715e1f6","block_type":"box","text":"— Bloomberg Euro-Corporate 500 1-3 Year Index in EUR","page_number":2,"box":{"x":98,"y":128,"width":279,"height":7}},{"id":"68317f0a-586d-4a60-a681-0057483bc377","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":187,"width":148,"height":8}},{"id":"7ad01b03-8c05-4a18-b874-a504d8037364","block_type":"box","text":"1 month","page_number":2,"box":{"x":284,"y":187,"width":40,"height":6}},{"id":"324c5715-56ef-4d9c-9db5-3925d18bc8c7","block_type":"box","text":"Quarter","page_number":2,"box":{"x":378,"y":187,"width":39,"height":6}},{"id":"5bd5ff98-815e-441e-b6e4-b2432330c489","block_type":"box","text":"Year to","page_number":2,"box":{"x":473,"y":177,"width":36,"height":6}},{"id":"a720702c-fc98-4431-843f-bda26d755448","block_type":"box","text":"date","page_number":2,"box":{"x":486,"y":187,"width":23,"height":6}},{"id":"71ebaee4-b1d3-4db6-a644-aebeded33fe1","block_type":"box","text":"1 year","page_number":2,"box":{"x":557,"y":187,"width":30,"height":8}},{"id":"b71c6cb3-0148-4cde-a8f3-d31118df3825","block_type":"box","text":"3 years","page_number":2,"box":{"x":633,"y":187,"width":35,"height":8}},{"id":"5c6bc1c8-361f-4c02-b799-e035e912ff46","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":187,"width":35,"height":8}},{"id":"264f10b3-7b86-487d-ab49-805fba422e1f","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":187,"width":41,"height":8}},{"id":"aaceeea8-a728-439c-a9bb-b4b98e3d364d","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":177,"width":26,"height":6}},{"id":"27854b3a-ed31-459b-87ad-b66879b888f9","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":188,"width":45,"height":7}},{"id":"1c17a7d9-bb9b-498e-83bc-860e7f480dff","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":205,"width":20,"height":5}},{"id":"becde99b-3f46-40f7-875a-157f75c56866","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":205,"width":59,"height":6}},{"id":"b380da4b-bf48-4c1d-9a2f-5f74a13e6143","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":205,"width":3,"height":6}},{"id":"2e6dab1e-2273-4a03-871c-e9475d1015ca","block_type":"box","text":"-0.43%","page_number":2,"box":{"x":294,"y":205,"width":30,"height":5}},{"id":"a0898c25-5cab-4717-8ec1-7f9c570055d3","block_type":"box","text":"-0.53%","page_number":2,"box":{"x":386,"y":205,"width":30,"height":5}},{"id":"bc441393-950e-4aa5-a796-7ca4e2455697","block_type":"box","text":"0.31%","page_number":2,"box":{"x":482,"y":205,"width":27,"height":5}},{"id":"f02830d5-e338-4e90-9fad-18065f5a28f0","block_type":"box","text":"0.79%","page_number":2,"box":{"x":560,"y":205,"width":26,"height":5}},{"id":"c520bd01-d5c8-4afc-8f5d-bd47283120dd","block_type":"box","text":"—","page_number":2,"box":{"x":662,"y":208,"width":6,"height":0}},{"id":"f71f00dc-16be-4f53-882e-0da29e9d40cf","block_type":"box","text":"—","page_number":2,"box":{"x":752,"y":208,"width":7,"height":0}},{"id":"cb62e93f-7fc8-40e3-a7c5-3033898561fb","block_type":"box","text":"—","page_number":2,"box":{"x":847,"y":208,"width":7,"height":0}},{"id":"6bbe51ff-9337-4819-99c2-d7a40624dad9","block_type":"box","text":"1.78%","page_number":2,"box":{"x":925,"y":205,"width":27,"height":5}},{"id":"d79d8fc5-3916-4847-901a-b74df9694e88","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":221,"width":48,"height":5}},{"id":"cd099ec6-cb1f-469e-8606-1ad382d781b8","block_type":"box","text":"-0.42%","page_number":2,"box":{"x":294,"y":220,"width":30,"height":5}},{"id":"97fd8045-68c6-43eb-a556-9a5a70fcfa51","block_type":"box","text":"-0.50%","page_number":2,"box":{"x":386,"y":220,"width":30,"height":5}},{"id":"a39b6804-06ff-45b2-995d-ba69d611d734","block_type":"box","text":"0.42%","page_number":2,"box":{"x":482,"y":220,"width":27,"height":5}},{"id":"15362e0d-075e-441d-8921-f15654d219bc","block_type":"box","text":"0.93%","page_number":2,"box":{"x":560,"y":220,"width":26,"height":5}},{"id":"22d98e43-7249-45b0-8c1f-98a2a1dc4718","block_type":"box","text":"3.67%","page_number":2,"box":{"x":641,"y":220,"width":27,"height":5}},{"id":"aac8c54d-d411-49f9-8df1-a4eb022241da","block_type":"box","text":"1.62%","page_number":2,"box":{"x":732,"y":220,"width":26,"height":5}},{"id":"a3a9f698-b512-4a7a-b928-0bccb62f30ee","block_type":"box","text":"1.07%","page_number":2,"box":{"x":827,"y":220,"width":27,"height":5}},{"id":"f35800b8-4524-4b5b-9bd6-45124c9f31e9","block_type":"box","text":"1.99%","page_number":2,"box":{"x":925,"y":220,"width":27,"height":5}},{"id":"c892a33a-7f86-4299-a54a-fe481a20d6e6","block_type":"box","text":"**Figures for periods less than one year are cumulative returns. All other figures represent annual returns. Performance figures include the reinvest","page_number":2,"box":{"x":39,"y":237,"width":734,"height":7}},{"id":"450f6f78-f4d6-411e-b550-e2206b40a135","block_type":"box","text":"ment of all dividends and any","page_number":2,"box":{"x":775,"y":237,"width":145,"height":7}},{"id":"bb098535-1b2b-4fc7-8dba-36827565f2c0","block_type":"box","text":"capital gains distributions. The performance data does not take account of the commissions and costs incurred in the issue and redemption of shares. B","page_number":2,"box":{"x":39,"y":246,"width":757,"height":8}},{"id":"848ae5a9-d53d-4b96-a719-86ff8dd2ce4d","block_type":"box","text":"asis of fund performance is","page_number":2,"box":{"x":797,"y":246,"width":135,"height":8}},{"id":"84d6d265-19f6-461e-803a-a9defd79148b","block_type":"box","text":"NAV to NAV with gross income invested. Basis of index performance is total return.","page_number":2,"box":{"x":39,"y":255,"width":418,"height":8}},{"id":"783dccb0-69dc-43a8-839e-feaeb9e22413","block_type":"box","text":"Performance and Data is calculated on closing NAV as at 30 September 2026.","page_number":2,"box":{"x":39,"y":271,"width":390,"height":7}},{"id":"1d72a3e4-685d-4ed5-996b-4903d12643e7","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":2,"box":{"x":39,"y":284,"width":307,"height":8}},{"id":"e121479b-e4f7-4fcc-ac84-c9bf51cb0cdd","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":298,"width":736,"height":8}},{"id":"4b476dcc-d325-4950-8252-b58c88f2910f","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":298,"width":143,"height":6}},{"id":"b8f6f741-08d9-44e9-b176-5b2fb1347161","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":308,"width":759,"height":7}},{"id":"9f4ad6c7-7bf5-4a16-a88c-c8bfb08f7d6b","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":308,"width":97,"height":6}},{"id":"4fa965b5-8fa8-4cff-8a99-e4b08666d32d","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":317,"width":603,"height":8}},{"id":"31aa0189-2293-4c39-ae17-7eb0bb1ea129","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":344,"width":88,"height":8}},{"id":"38d9227b-1b24-4e2b-8d3d-bdaa38602e61","block_type":"box","text":"—","page_number":2,"box":{"x":223,"y":569,"width":7,"height":1}},{"id":"6177d58f-91a3-4e10-89f9-df0f3c3f4a16","block_type":"box","text":"—","page_number":2,"box":{"x":300,"y":569,"width":7,"height":1}},{"id":"b6da57b8-7227-4733-83a1-640526830f91","block_type":"box","text":"—","page_number":2,"box":{"x":378,"y":569,"width":7,"height":1}},{"id":"2cdc6ab1-46dd-4f3e-bafc-271824ca910c","block_type":"box","text":"—","page_number":2,"box":{"x":455,"y":569,"width":7,"height":1}},{"id":"50fe8e8e-d0ae-4758-8480-4e5733ad9802","block_type":"box","text":"—","page_number":2,"box":{"x":533,"y":569,"width":6,"height":1}},{"id":"dc1dea1c-07f5-4eb3-8899-269a1cd13c65","block_type":"box","text":"—","page_number":2,"box":{"x":610,"y":569,"width":7,"height":1}},{"id":"670fa8ff-8f72-4881-a54c-b684f0f33b9b","block_type":"box","text":"—","page_number":2,"box":{"x":688,"y":569,"width":6,"height":1}},{"id":"1bf7825d-4473-41a5-8f1c-b12ac4601f17","block_type":"box","text":"—","page_number":2,"box":{"x":765,"y":569,"width":7,"height":1}},{"id":"921b03a4-7c34-413f-b0e9-2bbba1a5ff37","block_type":"box","text":"—","page_number":2,"box":{"x":843,"y":569,"width":6,"height":1}},{"id":"d535bbe6-c83f-4e2d-a302-465632ccb3c4","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":897,"y":549,"width":53,"height":5}},{"id":"766b6236-19c8-4b45-a28f-bf62e03eeb7f","block_type":"box","text":"-","page_number":2,"box":{"x":923,"y":560,"width":3,"height":1}},{"id":"4af1e53e-d34c-452c-b959-452ad8926ca1","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":897,"y":566,"width":53,"height":7}},{"id":"a6a6e595-0171-4fd4-b358-b753ea6cbd4a","block_type":"box","text":"Fund (","page_number":2,"box":{"x":63,"y":582,"width":27,"height":7}},{"id":"9db43d83-ef82-4642-8862-d31e74a306ab","block_type":"box","text":"Net of expenses)","page_number":2,"box":{"x":91,"y":583,"width":59,"height":6}},{"id":"840cd80a-e12b-4403-a532-3c97974a72e5","block_type":"box","text":"—","page_number":2,"box":{"x":223,"y":587,"width":7,"height":0}},{"id":"ee10bc79-f00b-4f0d-947b-56bbd3353d90","block_type":"box","text":"—","page_number":2,"box":{"x":300,"y":587,"width":7,"height":0}},{"id":"d324d4d0-bdbe-42c9-acd0-b3a761d0a345","block_type":"box","text":"—","page_number":2,"box":{"x":378,"y":587,"width":7,"height":0}},{"id":"d4b7cb0e-81ae-4be1-8431-cb1bd6f22beb","block_type":"box","text":"—","page_number":2,"box":{"x":455,"y":587,"width":7,"height":0}},{"id":"8a98ef32-1d36-419a-b6ee-2240550c7822","block_type":"box","text":"—","page_number":2,"box":{"x":533,"y":587,"width":6,"height":0}},{"id":"0c5467fb-946d-4df0-aab0-417d4849b1df","block_type":"box","text":"—","page_number":2,"box":{"x":610,"y":587,"width":7,"height":0}},{"id":"2c8831b7-6896-410c-a695-d1f444582f79","block_type":"box","text":"—","page_number":2,"box":{"x":688,"y":587,"width":6,"height":0}},{"id":"5d0ca394-cc40-475b-9a7d-37df7e91a666","block_type":"box","text":"—","page_number":2,"box":{"x":765,"y":587,"width":7,"height":0}},{"id":"fa5c1565-ef73-4ac8-9dce-6a54a707eac8","block_type":"box","text":"—","page_number":2,"box":{"x":843,"y":587,"width":6,"height":0}},{"id":"1ee45024-4bc3-4cb7-a9b4-7a5c005e3637","block_type":"box","text":"0.79%","page_number":2,"box":{"x":910,"y":584,"width":27,"height":5}},{"id":"ee2b1a30-6751-4613-b9cc-a5b634e7d95a","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":598,"width":48,"height":5}},{"id":"bc566f7d-f3c1-4348-b917-8712f71abae7","block_type":"box","text":"—","page_number":2,"box":{"x":223,"y":602,"width":7,"height":1}},{"id":"14297d6c-c88e-4fa9-8fb0-3d6961ecae3c","block_type":"box","text":"—","page_number":2,"box":{"x":300,"y":602,"width":7,"height":1}},{"id":"bb9e7ad1-8dc2-47fb-8fd9-d2a32788ef83","block_type":"box","text":"—","page_number":2,"box":{"x":378,"y":602,"width":7,"height":1}},{"id":"a27601b2-b175-4d38-a4e2-6ac89d57a9af","block_type":"box","text":"—","page_number":2,"box":{"x":455,"y":602,"width":7,"height":1}},{"id":"d0432649-8e8f-4199-825b-e4403b56489f","block_type":"box","text":"—","page_number":2,"box":{"x":533,"y":602,"width":6,"height":1}},{"id":"cb9f576b-c29c-49b9-97e3-d33d09686de0","block_type":"box","text":"—","page_number":2,"box":{"x":610,"y":602,"width":7,"height":1}},{"id":"2a10d697-4496-4f0d-8f4d-40eed5948061","block_type":"box","text":"—","page_number":2,"box":{"x":688,"y":602,"width":6,"height":1}},{"id":"1a2e66d6-17f6-451c-b9af-06fc04cb7870","block_type":"box","text":"—","page_number":2,"box":{"x":765,"y":602,"width":7,"height":1}},{"id":"30a74970-0b3b-4c41-aad7-09dd2d50b38b","block_type":"box","text":"—","page_number":2,"box":{"x":843,"y":602,"width":6,"height":1}},{"id":"71bda364-973d-4a2d-8275-82d8dd520b88","block_type":"box","text":"0.93%","page_number":2,"box":{"x":910,"y":599,"width":27,"height":5}},{"id":"996a9432-7427-4d8f-9035-a2b04042de28","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":402,"width":167,"height":8}},{"id":"51399adc-718a-4c1d-9520-e6782cf40bd6","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":972,"width":658,"height":8}},{"id":"e9742e47-ff36-45de-87c6-55ecafef0018","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":645,"width":117,"height":8}},{"id":"b2697334-6d88-4e3f-8454-e2377d6b614f","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":659,"width":721,"height":8}},{"id":"571f10aa-5968-4795-b50b-091a8feef9b9","block_type":"box","text":"lity which, in turn, are driven by other","page_number":2,"box":{"x":761,"y":659,"width":184,"height":8}},{"id":"28a0457d-32f3-413e-b6b1-51a3d5fdb29b","block_type":"box","text":"factors including political, economic news, company earnings and significant corporate events. Movements in currency exchange rates can adversely affe","page_number":2,"box":{"x":38,"y":669,"width":763,"height":8}},{"id":"2365e61e-d78a-46aa-a2db-4ea6b820156a","block_type":"box","text":"ct the return of your","page_number":2,"box":{"x":802,"y":669,"width":101,"height":8}},{"id":"176e64d6-23b4-477f-9255-0824d93d2b93","block_type":"box","text":"investment.","page_number":2,"box":{"x":39,"y":679,"width":58,"height":6}},{"id":"d15b0aa2-24c1-4d99-abef-103c4274a14c","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":693,"width":734,"height":8}},{"id":"689e27fa-6b56-479e-9999-54b9e5585fc3","block_type":"box","text":"er instruments, may expose the Fund","page_number":2,"box":{"x":774,"y":693,"width":184,"height":8}},{"id":"c07f92c0-d5d3-4667-819f-b795444f14be","block_type":"box","text":"to financial loss.","page_number":2,"box":{"x":38,"y":703,"width":80,"height":6}},{"id":"8d842235-7fc3-4a66-a504-eb92b6d0af9d","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":717,"width":627,"height":8}},{"id":"bc286a87-de4e-41ef-8343-27e8d8555c6f","block_type":"box","text":"Index tracking risk. The Fund is not expected to track the performance of the Index at all times with perfect accuracy. The Fund is, however, expected","page_number":2,"box":{"x":39,"y":731,"width":743,"height":8}},{"id":"6c25a92f-11a8-4f0c-b1d1-5ca997b5c657","block_type":"box","text":"to provide investment results that,","page_number":2,"box":{"x":786,"y":731,"width":172,"height":8}},{"id":"2b35d9b2-330c-473f-9a4a-ce879b4ca22c","block_type":"box","text":"before expenses, generally correspond to the price and yield performance of the Index.","page_number":2,"box":{"x":39,"y":741,"width":429,"height":8}},{"id":"2723d648-9a0b-473b-b258-a5e985ac63aa","block_type":"box","text":"Index sampling risk. As the Fund uses an index sampling technique whereby a representative sample of securities are selected to represent the Index, t","page_number":2,"box":{"x":39,"y":755,"width":749,"height":8}},{"id":"82a3a3ab-fa96-4343-a9b4-3f50ec28361e","block_type":"box","text":"here is the risk that the securities","page_number":2,"box":{"x":789,"y":755,"width":165,"height":6}},{"id":"2921fccf-b330-4b6e-a2cf-2fd71b5b67c2","block_type":"box","text":"selected for the Fund may not, in the aggregate, approximate the full Index.","page_number":2,"box":{"x":39,"y":765,"width":378,"height":8}},{"id":"75f7ccf2-6abd-4bcd-9a3e-d77728b075f8","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":779,"width":608,"height":8}},{"id":"55175404-4722-4b43-b7b6-0c440234a08a","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":793,"width":721,"height":8}},{"id":"abe77e35-fd41-4d01-8f8d-02c9bca3a129","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":809,"width":772,"height":8}},{"id":"b8204793-296f-411c-892c-2df99a091a38","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":809,"width":22,"height":6}},{"id":"5dc40319-b2cc-4e0c-9619-cb362751546c","block_type":"box","text":"Vanguard EUR Corporate 1-3 Year Bond UCITS ETF","page_number":3,"box":{"x":38,"y":34,"width":736,"height":19}},{"id":"69ac555c-6857-40c0-8c29-e06c2d6b2886","block_type":"box","text":"EUR Distributing","page_number":3,"box":{"x":40,"y":60,"width":141,"height":13}},{"id":"41d4fa45-07e7-4b69-9943-5cdab0bee216","block_type":"box","text":"- An exchange-traded fund","page_number":3,"box":{"x":188,"y":60,"width":228,"height":13}},{"id":"35927973-696e-4dd5-97e9-e07187ed8a9f","block_type":"box","text":"Data as at 30 September 2026 unless otherwise stated.","page_number":3,"box":{"x":39,"y":78,"width":318,"height":8}},{"id":"e50e0506-2f25-45d5-a269-e61df962e181","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":101,"width":87,"height":6}},{"id":"6965901a-3d23-445a-9f8c-e94d5d982618","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":102,"width":20,"height":5}},{"id":"d229c22e-c296-43fd-ad1f-487b5c060abd","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":102,"width":47,"height":5}},{"id":"b662d9f7-f8a3-48ec-9030-8051e63e4ceb","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":113,"width":73,"height":5}},{"id":"18e92ac0-0a9e-46c0-9c38-6e1a2ca9165b","block_type":"box","text":"988","page_number":3,"box":{"x":614,"y":113,"width":16,"height":5}},{"id":"75b800b8-7d7e-41e6-88ab-72f2959e4cdf","block_type":"box","text":"1,136","page_number":3,"box":{"x":788,"y":113,"width":23,"height":6}},{"id":"4a6ab6e2-e0a6-4c97-9353-ee1a618d8f4c","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":124,"width":60,"height":5}},{"id":"ff2ce1d0-2c0d-4a78-9bb7-7a776d5a3fd8","block_type":"box","text":"3.85%","page_number":3,"box":{"x":603,"y":124,"width":27,"height":5}},{"id":"8742d7e9-5fad-408a-8bb9-788cd2e1b711","block_type":"box","text":"3.85%","page_number":3,"box":{"x":785,"y":124,"width":26,"height":5}},{"id":"a0852159-d77b-4992-9896-3817bd34b4e8","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":136,"width":69,"height":6}},{"id":"479413a6-54aa-4d64-8917-e3c701e09fc2","block_type":"box","text":"2.7%","page_number":3,"box":{"x":609,"y":136,"width":21,"height":5}},{"id":"0387dd66-525d-4fcb-9b4e-e77662aeacc5","block_type":"box","text":"2.6%","page_number":3,"box":{"x":790,"y":136,"width":21,"height":5}},{"id":"320f0c2c-e752-42ba-8efe-3d32deb65ed1","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":147,"width":76,"height":7}},{"id":"d06c0176-b975-4a2f-98db-6c123742ac56","block_type":"box","text":"2.1 years","page_number":3,"box":{"x":592,"y":147,"width":38,"height":7}},{"id":"22395715-cd40-44de-afb9-73cccf113cf9","block_type":"box","text":"2.1 years","page_number":3,"box":{"x":774,"y":147,"width":38,"height":7}},{"id":"fd8f9b85-2438-4544-b7de-a43742becb0a","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":159,"width":67,"height":6}},{"id":"0828b299-fec6-459a-bdbd-0381aaed40b6","block_type":"box","text":"A-","page_number":3,"box":{"x":621,"y":159,"width":9,"height":5}},{"id":"21dc5f7e-5986-433c-a7d5-801900ca33af","block_type":"box","text":"A-","page_number":3,"box":{"x":802,"y":159,"width":10,"height":5}},{"id":"b1fa5aa2-8115-4303-84cc-38f8bd4556b1","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":170,"width":74,"height":7}},{"id":"f09fc2b8-f7ed-4122-8862-fd867c758849","block_type":"box","text":"1.9 years","page_number":3,"box":{"x":592,"y":170,"width":38,"height":7}},{"id":"1bb65eed-15ac-417d-9f67-7149f8485cdc","block_type":"box","text":"1.9 years","page_number":3,"box":{"x":774,"y":170,"width":38,"height":7}},{"id":"c6a09a2f-9029-4c26-92d2-f9a54f88e885","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":182,"width":75,"height":5}},{"id":"9305897f-7c95-487a-82cc-cee88226b0d6","block_type":"box","text":"0.2%","page_number":3,"box":{"x":609,"y":182,"width":21,"height":5}},{"id":"3818d8eb-2622-4633-a9a2-bb58b4c40ae9","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":185,"width":7,"height":0}},{"id":"245fb4c6-94c5-4d5f-8ac2-ea5edcb21958","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":194,"width":58,"height":5}},{"id":"73484ea7-9eb2-4676-80d0-d275a8333802","block_type":"box","text":"52%","page_number":3,"box":{"x":611,"y":193,"width":19,"height":6}},{"id":"5f1a749e-d9f5-4cef-92e6-971caad2210b","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":196,"width":7,"height":1}},{"id":"77dbbe22-0133-4324-81b8-e068b6be053e","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":207,"width":644,"height":6}},{"id":"9a7fc05a-0eb6-46cc-8c73-ff366b3bbd81","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":207,"width":105,"height":5}},{"id":"5bac48c2-52fd-4488-8bd0-b9b718b0a8fd","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":215,"width":613,"height":7}},{"id":"83f7a384-c65f-41e5-a5c6-341d4eaf6477","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":215,"width":168,"height":7}},{"id":"f313eed5-b756-4175-9a37-a69a6118cfb3","block_type":"box","text":"yield to maturity stated. Data as at 30 September 2026.","page_number":3,"box":{"x":38,"y":224,"width":243,"height":7}},{"id":"66e52e40-b789-44d7-8e53-338949fbe31c","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":244,"width":99,"height":6}},{"id":"90362126-712c-4c52-a103-cc0b17ab6691","block_type":"box","text":"United States","page_number":3,"box":{"x":158,"y":264,"width":59,"height":5}},{"id":"f9fc1b38-f506-4435-99dc-bf0ae4812fcd","block_type":"box","text":"19.4","page_number":3,"box":{"x":432,"y":264,"width":18,"height":5}},{"id":"b0457f5d-ff6a-41b1-bbae-a4f3c60726ee","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":264,"width":8,"height":5}},{"id":"d507e7c4-7a6e-4018-9756-750f4a85a404","block_type":"box","text":"France","page_number":3,"box":{"x":158,"y":275,"width":29,"height":5}},{"id":"84881ba8-f2fc-419f-86aa-1626eadc3d80","block_type":"box","text":"17.0","page_number":3,"box":{"x":432,"y":275,"width":18,"height":5}},{"id":"dc7bcec7-d532-47e8-a589-0b85e20e094d","block_type":"box","text":"Germany","page_number":3,"box":{"x":158,"y":286,"width":39,"height":7}},{"id":"0c178293-2cb4-4acd-a55b-b6502156ae6d","block_type":"box","text":"14.3","page_number":3,"box":{"x":432,"y":286,"width":18,"height":5}},{"id":"292df909-ed80-4976-8bbf-4e9be0b69a6e","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":158,"y":297,"width":68,"height":7}},{"id":"82af0f55-5471-4fe2-8cd2-0a0ad3388744","block_type":"box","text":"7.5","page_number":3,"box":{"x":438,"y":297,"width":12,"height":5}},{"id":"beedc43a-bbd3-4dbc-a808-bdacb6a8b7ee","block_type":"box","text":"Spain","page_number":3,"box":{"x":158,"y":308,"width":23,"height":7}},{"id":"dd38905a-eb7f-4373-8c31-99912115fb75","block_type":"box","text":"6.8","page_number":3,"box":{"x":438,"y":308,"width":12,"height":5}},{"id":"a3f13e48-ef12-4022-8d91-2646405c72a9","block_type":"box","text":"Italy","page_number":3,"box":{"x":506,"y":264,"width":18,"height":7}},{"id":"fb1390b0-e847-4855-aa29-01c0b4c7c5f8","block_type":"box","text":"6.2","page_number":3,"box":{"x":786,"y":264,"width":12,"height":5}},{"id":"80c1cb59-9447-4992-98f8-69ac08362b5b","block_type":"box","text":"%","page_number":3,"box":{"x":799,"y":264,"width":8,"height":5}},{"id":"7bc41a92-6b5c-4e62-bb08-1f87f43ea8b3","block_type":"box","text":"Netherlands","page_number":3,"box":{"x":506,"y":275,"width":52,"height":5}},{"id":"08ef4276-40d4-42a5-81c8-678fac4dc120","block_type":"box","text":"5.2","page_number":3,"box":{"x":786,"y":275,"width":12,"height":5}},{"id":"96d4856c-1cf3-472d-b428-12c6a1774bed","block_type":"box","text":"Sweden","page_number":3,"box":{"x":506,"y":286,"width":33,"height":5}},{"id":"a64a6bb1-478a-489f-bc99-3fe18e545a47","block_type":"box","text":"3.4","page_number":3,"box":{"x":786,"y":286,"width":12,"height":5}},{"id":"8e68d0d6-8dcf-4769-a7d3-39499241d51b","block_type":"box","text":"Denmark","page_number":3,"box":{"x":506,"y":297,"width":39,"height":5}},{"id":"576a9b55-3565-4119-a330-2c0f20f0e7b5","block_type":"box","text":"2.7","page_number":3,"box":{"x":786,"y":297,"width":12,"height":5}},{"id":"6e3a8ae2-f01c-4441-b223-6ee463388308","block_type":"box","text":"Belgium","page_number":3,"box":{"x":506,"y":308,"width":33,"height":7}},{"id":"ffa2e4ec-f741-48bd-b25a-2253ae63d2c2","block_type":"box","text":"2.0","page_number":3,"box":{"x":786,"y":308,"width":12,"height":5}},{"id":"7b191f55-d794-417c-a9f0-2f70f68f6110","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":340,"width":240,"height":8}},{"id":"3ad12c94-da17-4711-abb0-09d49a14b00f","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":160,"y":362,"width":55,"height":5}},{"id":"7248051f-33d2-48b1-aba3-638f427d9b8c","block_type":"box","text":"0.2","page_number":3,"box":{"x":437,"y":362,"width":12,"height":5}},{"id":"5fefe263-22e9-45ff-8622-793c87e61c80","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":362,"width":7,"height":5}},{"id":"5d45185b-fd26-4be3-8c2f-a4205471978f","block_type":"box","text":"1 - 2 Years","page_number":3,"box":{"x":160,"y":373,"width":45,"height":5}},{"id":"f95371c1-f446-4555-8bd2-73c535619746","block_type":"box","text":"35.3","page_number":3,"box":{"x":431,"y":373,"width":18,"height":5}},{"id":"a012e72d-2d6d-4ac1-9e81-8ebcdf68db2f","block_type":"box","text":"2 - 3 Years","page_number":3,"box":{"x":160,"y":384,"width":45,"height":5}},{"id":"fd7587db-c165-44c9-9f6b-f167e0634bb2","block_type":"box","text":"46.2","page_number":3,"box":{"x":431,"y":384,"width":18,"height":5}},{"id":"36eadefc-fec2-4d40-a214-dd55936e1c46","block_type":"box","text":"3 - 4 Years","page_number":3,"box":{"x":160,"y":395,"width":45,"height":5}},{"id":"aa4bafef-8f1d-4176-bae0-08682f79dbff","block_type":"box","text":"9.4","page_number":3,"box":{"x":437,"y":395,"width":13,"height":5}},{"id":"f1323578-a81b-4b35-aeba-1be5a552b9bb","block_type":"box","text":"Over 5 Years","page_number":3,"box":{"x":160,"y":406,"width":54,"height":5}},{"id":"de086090-5bd1-481c-ba58-b0737610e408","block_type":"box","text":"8.9","page_number":3,"box":{"x":437,"y":406,"width":13,"height":5}},{"id":"4a45be0a-555c-4aa2-835e-80e6ecf9b229","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":439,"width":229,"height":8}},{"id":"1b972ed4-7626-4a7f-acbd-5def30673e48","block_type":"box","text":"AAA","page_number":3,"box":{"x":159,"y":463,"width":19,"height":5}},{"id":"803b15e1-adc3-4aed-9696-0ada301ce495","block_type":"box","text":"0.3","page_number":3,"box":{"x":437,"y":463,"width":12,"height":5}},{"id":"8c2f803e-51c6-47be-a5b3-b257e3175388","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":463,"width":7,"height":5}},{"id":"b95d3054-1448-41eb-932d-350a4e9cac2c","block_type":"box","text":"AA","page_number":3,"box":{"x":159,"y":474,"width":13,"height":5}},{"id":"eeaa57ba-fc08-4ca1-b777-b9ecda55398f","block_type":"box","text":"8.2","page_number":3,"box":{"x":437,"y":474,"width":12,"height":5}},{"id":"f892580a-a87c-45c3-bc99-84f9868fb522","block_type":"box","text":"A","page_number":3,"box":{"x":159,"y":485,"width":6,"height":5}},{"id":"d8d08d5c-ce74-40da-a86e-30de2ae83853","block_type":"box","text":"45.1","page_number":3,"box":{"x":431,"y":485,"width":19,"height":5}},{"id":"6095ac38-5044-4dff-98c6-f9d8e8377579","block_type":"box","text":"BBB","page_number":3,"box":{"x":160,"y":496,"width":17,"height":5}},{"id":"493bcfd2-e492-4168-8e81-8d389196ab1f","block_type":"box","text":"46.1","page_number":3,"box":{"x":431,"y":496,"width":19,"height":5}},{"id":"7fef9bf7-df5d-4c12-b646-bd42a7cd95db","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":160,"y":507,"width":43,"height":5}},{"id":"892322fd-368b-4ffb-813b-7f794943a2c5","block_type":"box","text":"0.2","page_number":3,"box":{"x":437,"y":507,"width":12,"height":5}},{"id":"e397323e-de5e-462d-b407-8ccf69305a04","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":529,"width":739,"height":7}},{"id":"28f6373c-254c-4725-9ee8-62f387ca00e2","block_type":"box","text":"& Poor’s.","page_number":3,"box":{"x":782,"y":529,"width":43,"height":6}},{"id":"7eca440b-7086-4f6a-8480-5e269ca05992","block_type":"box","text":"When ratings from all three agencies are available, the median rating is used. When ratings are available from two of the agencies, the lower rating i","page_number":3,"box":{"x":38,"y":539,"width":743,"height":8}},{"id":"07493125-14ee-41e3-804b-babe1b0b0923","block_type":"box","text":"s used.","page_number":3,"box":{"x":782,"y":539,"width":33,"height":6}},{"id":"df6ec2c7-886b-467e-a068-8e2a21af412d","block_type":"box","text":"When one rating is available, that rating is used.","page_number":3,"box":{"x":38,"y":550,"width":241,"height":7}},{"id":"0bc308b5-b4a1-4bba-ba2c-c0c936d655e1","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":582,"width":186,"height":8}},{"id":"77c3d267-804b-44e2-a205-ae07a11ba76f","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":160,"y":605,"width":139,"height":7}},{"id":"a3e6aa2a-d5ad-457e-88c0-ea3a8934c06a","block_type":"box","text":"47.5","page_number":3,"box":{"x":431,"y":605,"width":18,"height":5}},{"id":"b8dd27e8-a2f6-432c-9456-0e9a8fc9c484","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":605,"width":7,"height":5}},{"id":"542590d7-c653-4305-8c99-e0dfe1f6bce7","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":160,"y":617,"width":96,"height":7}},{"id":"c6ac8bd3-ec6e-474e-8774-2c1eb911c85d","block_type":"box","text":"46.0","page_number":3,"box":{"x":431,"y":617,"width":19,"height":5}},{"id":"b5d51235-312f-4996-9690-4832064540ff","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":160,"y":629,"width":83,"height":7}},{"id":"16323f47-876d-42fd-99a3-3c54e07c9197","block_type":"box","text":"6.3","page_number":3,"box":{"x":437,"y":629,"width":12,"height":5}},{"id":"b41e1d67-8acf-4d5a-88e2-e4c60c0edb44","block_type":"box","text":"Cash*","page_number":3,"box":{"x":160,"y":641,"width":25,"height":5}},{"id":"b0344d5e-a6df-4433-871d-933a3b6f98b7","block_type":"box","text":"0.2","page_number":3,"box":{"x":437,"y":641,"width":12,"height":5}},{"id":"f5d90183-1d16-486f-8a94-459a0b0b41c5","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":674,"width":748,"height":7}},{"id":"158973a6-e215-4f6e-a718-3132d9455ce8","block_type":"box","text":"in","page_number":3,"box":{"x":790,"y":674,"width":8,"height":6}},{"id":"9b5bbfb3-96a0-4259-b451-a18c32c0f615","block_type":"box","text":"negative weightings. The fund may also employ certain derivative instruments for cash management or risk management purposes that may also result in","page_number":3,"box":{"x":39,"y":684,"width":769,"height":8}},{"id":"c5aa5ea8-e7b4-4ef6-9470-6115c7595494","block_type":"box","text":"negative weightings. Allocations are subject to change. Cash includes physical cash on the account, cash like instruments (such as ultra-short term t","page_number":3,"box":{"x":39,"y":695,"width":737,"height":7}},{"id":"b7305457-f109-4374-ab2a-6a0245599064","block_type":"box","text":"reasury","page_number":3,"box":{"x":777,"y":697,"width":37,"height":5}},{"id":"7754f32f-82f7-4eb8-9b0a-2334790c1404","block_type":"box","text":"bonds) and derivative instruments.","page_number":3,"box":{"x":39,"y":705,"width":173,"height":8}},{"id":"7dcf11a8-bde5-45ac-aa71-dfe8e5010175","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":737,"width":90,"height":8}},{"id":"e99f267d-c0e8-4df5-9dbe-d36f48ca69f9","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":972,"width":658,"height":8}},{"id":"7cfc68ab-b6f9-4b83-99ff-2944c4699652","block_type":"box","text":"Glossary for ETF attributes","page_number":3,"box":{"x":39,"y":765,"width":154,"height":8}},{"id":"ba4b5912-8f3d-49a9-8211-dec56296e37a","block_type":"box","text":"The ETF attributes section on the first page contains a number of metrics that professional investors use to value individual securities against a mar","page_number":3,"box":{"x":38,"y":780,"width":740,"height":7}},{"id":"7fb4e347-3bb3-4322-ba07-4c52a5abedc7","block_type":"box","text":"ket or index average. These","page_number":3,"box":{"x":779,"y":780,"width":135,"height":7}},{"id":"d7aa0392-3ab3-424e-96f0-3ef37f5e2629","block_type":"box","text":"metrics can also be used to value and compare funds to the market by taking the average of all the securities held in the fund and comparing them to t","page_number":3,"box":{"x":39,"y":789,"width":753,"height":8}},{"id":"c17bff19-f5ae-4979-a6cf-d36d09d13b89","block_type":"box","text":"hose of the fund’s benchmark","page_number":3,"box":{"x":793,"y":789,"width":148,"height":6}},{"id":"f0d8c0bd-0af6-4636-bb3d-1390c500d60c","block_type":"box","text":"index. We’ve provided a definition of the terms used for your convenience.","page_number":3,"box":{"x":39,"y":799,"width":367,"height":7}},{"id":"5eb792a2-c0be-470e-8658-24cbb5ffcdc2","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":813,"width":82,"height":7}},{"id":"408e27c5-08c8-4be7-bc8f-0312fc9f58bf","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":812,"width":612,"height":8}},{"id":"8fc74282-aa56-4cb1-9ad9-9f97b9a79698","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":826,"width":91,"height":8}},{"id":"daaac854-64e2-4a7f-9f75-fdf57536f8fb","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":826,"width":719,"height":8}},{"id":"3af11ae1-638a-4ed4-981f-04afb1a3a6a6","block_type":"box","text":"hat the issuer may","page_number":3,"box":{"x":852,"y":826,"width":92,"height":8}},{"id":"ba0397b6-8ada-46b7-9265-b279d4ec9bb8","block_type":"box","text":"call the bond before its maturity date. The figure reflects the proportion of fund assets represented by each security; it also reflects any futures c","page_number":3,"box":{"x":39,"y":835,"width":724,"height":8}},{"id":"cd80512e-1b3d-4de2-9541-4e472940303f","block_type":"box","text":"ontracts held. In general, the longer","page_number":3,"box":{"x":764,"y":835,"width":177,"height":8}},{"id":"39e185aa-3110-404a-8836-f569f2fbc4d2","block_type":"box","text":"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":38,"y":845,"width":614,"height":7}},{"id":"b77ff52e-2e6b-4852-82ed-eede7f210bfb","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":859,"width":81,"height":7}},{"id":"fe0945bf-7636-43e3-bf84-4be8ffb65462","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":858,"width":694,"height":8}},{"id":"0ea70d89-6c51-4761-a1b0-2dda9cdcc8ea","block_type":"box","text":"e agencies make their","page_number":3,"box":{"x":818,"y":859,"width":108,"height":7}},{"id":"e8cd3585-d95d-4435-a25e-8a348c6b3a1d","block_type":"box","text":"judgment after appraising an issuer’s ability to meet its obligations. Quality is graded on a scale, with Aaa or AAA indicating the most creditwort","page_number":3,"box":{"x":38,"y":868,"width":723,"height":8}},{"id":"3f29942a-650e-4a13-a9ba-e0e33da63d71","block_type":"box","text":"hy bond issuers.","page_number":3,"box":{"x":762,"y":868,"width":77,"height":8}},{"id":"f3109261-86fa-4647-904f-d8f44b9d6e59","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":882,"width":88,"height":7}},{"id":"ba8ade86-1251-43f4-85e2-c0aba991c74f","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":882,"width":735,"height":7}},{"id":"d029ffff-98f4-4b8c-87cc-53ef26cd0ba0","block_type":"box","text":"change,","page_number":3,"box":{"x":869,"y":882,"width":37,"height":7}},{"id":"04d8ff08-08e4-4bd8-8661-c8abce71310d","block_type":"box","text":"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 average d","page_number":3,"box":{"x":39,"y":891,"width":731,"height":8}},{"id":"06e87bc8-0047-40f9-a8de-b14d1bb555c0","block_type":"box","text":"uration of five years would decline","page_number":3,"box":{"x":772,"y":891,"width":169,"height":8}},{"id":"2da8aa68-c708-465e-90b2-17f4c2ae9ef0","block_type":"box","text":"by about 5%. If rates decrease by a percentage point, the value would rise by 5%.","page_number":3,"box":{"x":39,"y":900,"width":404,"height":8}},{"id":"74a2b312-70a7-408a-9d66-ab568b43213c","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":914,"width":72,"height":6}},{"id":"9ef7c18e-95ea-4955-8b26-7bea7cf99ba8","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":914,"width":566,"height":8}},{"id":"cfcbe613-5729-403a-952e-82c72251a0d2","block_type":"box","text":"Vanguard EUR Corporate 1-3 Year Bond UCITS ETF","page_number":4,"box":{"x":38,"y":34,"width":736,"height":19}},{"id":"a96f6ed3-2570-4c18-86e4-88042711e19a","block_type":"box","text":"EUR Distributing - An exchange-traded fund","page_number":4,"box":{"x":40,"y":60,"width":377,"height":13}},{"id":"8d5f2c0c-bf1b-4c82-bf60-30cb48abecfd","block_type":"box","text":"E077EN_092026","page_number":4,"box":{"x":894,"y":972,"width":71,"height":6}},{"id":"507d1173-8439-4c87-9f02-4a5e8fb1dba7","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":970,"width":627,"height":6}},{"id":"7875518a-4365-46bd-a123-9651984cc1eb","block_type":"box","text":"© 2026 Vanguard Asset Management, Limited. All rights reserved.","page_number":4,"box":{"x":39,"y":978,"width":323,"height":7}},{"id":"0fd14d50-cda9-427c-ae4b-26017c654514","block_type":"box","text":"For more information contact your local sales team or:","page_number":4,"box":{"x":39,"y":304,"width":305,"height":8}},{"id":"26887f59-bdcb-4232-982e-6e08468351b5","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":321,"width":169,"height":8}},{"id":"86a6c294-c714-4f2f-a883-150e696f5ad9","block_type":"box","text":"Client Services (Europe): Tel. +44 (0)203 753 4305","page_number":4,"box":{"x":39,"y":332,"width":250,"height":7}},{"id":"5037d1e1-b7b0-4d24-9689-4a449eb49231","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":342,"width":30,"height":6}},{"id":"7389ecfb-6021-477c-aedd-e0fe40765919","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":342,"width":209,"height":8}},{"id":"7b77b864-2b6f-4745-a32f-333cbc8bcfe6","block_type":"box","text":"Non advised personal investor: Personal_investor_enquiries@vanguard.co.uk","page_number":4,"box":{"x":39,"y":353,"width":432,"height":7}},{"id":"c152ea0e-ecef-47b4-bd26-44d9f31fca8e","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":372,"width":114,"height":7}},{"id":"538565ea-d53c-4197-9859-803a8071eb56","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":389,"width":179,"height":8}},{"id":"119f803d-9347-4a65-92a6-7c4e031bd6df","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":410,"width":595,"height":7}},{"id":"96334223-1d82-4692-a740-3c1fb303906c","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":430,"width":744,"height":8}},{"id":"63836f89-86bf-43ee-8f02-f750beceb2bf","block_type":"box","text":"al investment decisions. The KIID","page_number":4,"box":{"x":785,"y":430,"width":162,"height":6}},{"id":"dea813d4-de60-4fac-a5d8-1978533de112","block_type":"box","text":"for this fund is available, alongside the prospectus via Vanguard’s website https://global.vanguard.com/.","page_number":4,"box":{"x":38,"y":439,"width":525,"height":8}},{"id":"4e68fc17-f58e-4fd7-b849-f79abae87e03","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":453,"width":432,"height":8}},{"id":"c2f219a9-6494-4bf4-aec0-32b9e7f49e5b","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":467,"width":709,"height":8}},{"id":"4ebb7303-d3c5-4ec5-9c85-c3e5939f8f8c","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":467,"width":161,"height":6}},{"id":"68cec717-15d9-4ff2-a7a8-9f4c29ceb042","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":476,"width":716,"height":8}},{"id":"d9a8f20b-eedb-4c94-96a0-c32a364e80d5","block_type":"box","text":"itation is not qualified to do so. The","page_number":4,"box":{"x":756,"y":476,"width":175,"height":8}},{"id":"2db22c7a-6db3-489b-951f-c6919e150895","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":486,"width":733,"height":7}},{"id":"095cadba-0acf-4f01-83e4-056b9a2ded23","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":486,"width":160,"height":7}},{"id":"8e7ee855-eb34-4d6d-867e-6bc9c29e3d9e","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":495,"width":661,"height":8}},{"id":"ce0d20ca-7e55-4e24-94c9-354d119ad08e","block_type":"box","text":"Vanguard Funds plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EEA","page_number":4,"box":{"x":38,"y":509,"width":720,"height":8}},{"id":"a6974de1-2ccf-47b2-b4d4-bee8c12678eb","block_type":"box","text":"countries and the UK. Prospective","page_number":4,"box":{"x":761,"y":509,"width":168,"height":8}},{"id":"ed7038b5-dfd1-40ef-a122-eb7eec1e0308","block_type":"box","text":"investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advise","page_number":4,"box":{"x":39,"y":518,"width":741,"height":8}},{"id":"08aa1a9f-01e9-4c48-b576-215e1e3d99ff","block_type":"box","text":"rs on the implications of making an","page_number":4,"box":{"x":781,"y":518,"width":173,"height":8}},{"id":"3bb40552-d3d9-4480-bfe6-523c6dd52e1b","block_type":"box","text":"investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countrie","page_number":4,"box":{"x":39,"y":528,"width":740,"height":7}},{"id":"d16b0155-0788-49fa-9446-981d8ff63892","block_type":"box","text":"s in which they are liable to","page_number":4,"box":{"x":780,"y":528,"width":134,"height":7}},{"id":"c49a2120-4b4b-4df7-8307-2dac78e22553","block_type":"box","text":"taxation.","page_number":4,"box":{"x":38,"y":537,"width":45,"height":6}},{"id":"507983fc-33a4-4503-8f95-b37f153dc502","block_type":"box","text":"The Manager of Vanguard Funds plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor of Vanguard Funds plc.","page_number":4,"box":{"x":38,"y":551,"width":757,"height":7}},{"id":"66dc739f-bd86-4318-9a03-60d21939df72","block_type":"box","text":"The indicative Net Asset Value (''iNAV'') for Vanguard's ETFs is published on Bloomberg or Reuters. Refer to the Portfolio Holdings Policy at","page_number":4,"box":{"x":38,"y":564,"width":700,"height":8}},{"id":"650382e6-8038-4d05-a63f-90ea0ce9414f","block_type":"box","text":"https://fund-docs.vanguard.com/portfolio-holdings-disclosure-policy.pdf","page_number":4,"box":{"x":39,"y":574,"width":366,"height":8}},{"id":"a7f9b40f-1d55-499b-a6a1-89e5a9e15cf9","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":588,"width":774,"height":7}},{"id":"e05e5f18-e07c-4818-834a-46f0a1776c30","block_type":"box","text":"ccordance with the UCITS","page_number":4,"box":{"x":813,"y":588,"width":129,"height":6}},{"id":"db8dbef9-e159-417b-a481-590704b08567","block_type":"box","text":"Directive, as may be amended from time to time.","page_number":4,"box":{"x":39,"y":597,"width":244,"height":8}},{"id":"59e5713d-4bd8-495f-8c8f-4a1cbcdd4f33","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":611,"width":445,"height":7}},{"id":"385294b4-3b28-40dd-b656-a3a7eb173214","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":620,"width":790,"height":8}},{"id":"b2713042-1a36-4baa-b5da-fbce635e41a0","block_type":"box","text":"rman, French, Spanish,","page_number":4,"box":{"x":831,"y":620,"width":112,"height":8}},{"id":"ba7ab9a8-8603-4591-8307-da06349b4f51","block_type":"box","text":"Dutch and Italian.","page_number":4,"box":{"x":39,"y":630,"width":88,"height":6}},{"id":"a585eab1-df1c-40ba-869f-b3a680a8ccdf","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":657,"width":757,"height":7}},{"id":"cc872b40-26f6-4e02-9210-968b9e740edb","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":657,"width":143,"height":7}},{"id":"8e10c025-11a8-4c9b-b73d-e05c9cc0041c","block_type":"box","text":"“Bloomberg”), or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices.","page_number":4,"box":{"x":39,"y":666,"width":452,"height":8}},{"id":"96dc0789-0241-4d49-83bf-00a198bf41b8","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":680,"width":747,"height":8}},{"id":"d21af1aa-9aa7-43ac-ab43-9dd366bf9991","block_type":"box","text":"lied, to the owners or purchasers","page_number":4,"box":{"x":787,"y":680,"width":161,"height":8}},{"id":"90e50b56-b948-4dd4-888f-f8aa27bddf94","block_type":"box","text":"of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly or the abi","page_number":4,"box":{"x":39,"y":689,"width":721,"height":8}},{"id":"521cd78c-bde7-4d55-a575-976120b64a2f","block_type":"box","text":"lity of the Bloomberg Indices to track","page_number":4,"box":{"x":762,"y":689,"width":184,"height":8}},{"id":"91509700-3a8c-4c55-b125-87c28f9fd086","block_type":"box","text":"general bond market performance. Bloomberg shall not pass on the legality or suitability of the products with respect to any person or entity. Bloombe","page_number":4,"box":{"x":39,"y":699,"width":752,"height":7}},{"id":"bf1218c9-61a4-401a-96e6-1837cfbe48cf","block_type":"box","text":"rg’s only relationship to","page_number":4,"box":{"x":793,"y":699,"width":115,"height":7}},{"id":"811b6dce-3ac6-4276-9f31-d8de88bbdfa8","block_type":"box","text":"Vanguard and the products are the licensing of the Bloomberg Indices which are determined, composed and calculated by BISL without regard to Vanguard","page_number":4,"box":{"x":38,"y":708,"width":777,"height":8}},{"id":"f7aefa93-fa2c-40c0-bf14-f31104a77fb4","block_type":"box","text":"or the products or any","page_number":4,"box":{"x":819,"y":708,"width":110,"height":8}},{"id":"e375b5bb-06a5-406d-86eb-ab674120415e","block_type":"box","text":"owners or purchasers of the products. Bloomberg has no obligation to take the needs of the products or the owners of the products into consideration i","page_number":4,"box":{"x":39,"y":718,"width":754,"height":7}},{"id":"26ed3a66-9ab6-4c34-b68e-820cfc069223","block_type":"box","text":"n determining, composing or","page_number":4,"box":{"x":795,"y":718,"width":141,"height":7}},{"id":"1a85fec7-3e6e-4147-86fd-dc9a134cf4e1","block_type":"box","text":"calculating the Bloomberg Indices. Bloomberg shall not be responsible for and has not participated in the determination of the timing of, prices at, o","page_number":4,"box":{"x":39,"y":727,"width":737,"height":8}},{"id":"96009af5-9a37-4125-8086-f950b0e011aa","block_type":"box","text":"r quantities of the products to be","page_number":4,"box":{"x":778,"y":727,"width":164,"height":8}},{"id":"27e72e51-1e4e-4f28-b807-63f8a9badea4","block_type":"box","text":"issued. Bloomberg shall not have any obligation or liability in connection with the administration, marketing or trading of the products.","page_number":4,"box":{"x":39,"y":736,"width":670,"height":8}},{"id":"17448544-6472-4fb0-aa83-de60e3201f46","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":754,"width":506,"height":8}},{"id":"311e6063-0cd8-4693-8cae-a79e978957c2","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":765,"width":326,"height":8}},{"id":"45b10ed7-3bec-4582-9fdd-74f96691956e","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":765,"width":98,"height":6}},{"id":"1f8e4cc6-2439-4070-9190-4dc10fe20d23","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":90,"width":156,"height":6}},{"id":"5d3b38d4-a488-4c82-86e7-4f8ac54f5c5c","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":104,"width":603,"height":8}},{"id":"02364a7e-56cf-4f8b-8386-2bab0c281ee7","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":4,"box":{"x":39,"y":118,"width":302,"height":7}},{"id":"27fdc931-3128-41e0-9890-5adac8b6bea2","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":131,"width":723,"height":8}},{"id":"48e2bb1a-961c-4ad6-8f73-13e07689ade5","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":131,"width":124,"height":8}},{"id":"6d2ddfb0-79fa-4559-86c7-3ed841c8a9e8","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":141,"width":731,"height":7}},{"id":"3a4d56f5-49c3-4113-946b-d0e1b0908993","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":141,"width":141,"height":7}},{"id":"ae9639d0-d93c-4917-83e1-d9f6f7093ec7","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":150,"width":751,"height":8}},{"id":"a61d51d8-442b-4cde-9fd3-2e4d74658b37","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":150,"width":118,"height":8}},{"id":"69cb10c4-2a23-4ff8-a128-86bbcb21cd79","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":160,"width":164,"height":7}},{"id":"2b453c3f-1fe6-4d7b-a069-e38da7f6875c","block_type":"box","text":"ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be consi","page_number":4,"box":{"x":39,"y":173,"width":751,"height":8}},{"id":"7e22f866-ccba-4903-a751-847ad57fc2c3","block_type":"box","text":"dered fully before","page_number":4,"box":{"x":792,"y":173,"width":87,"height":8}},{"id":"a5e36858-6460-4d2e-a2ce-e9fca29dfa41","block_type":"box","text":"investing.","page_number":4,"box":{"x":39,"y":183,"width":46,"height":7}},{"id":"750e845b-cf6f-459d-be1d-9f168aa3cf54","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":196,"width":744,"height":8}},{"id":"5f40b7fd-559b-457f-9379-55f48e2be6b6","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":196,"width":112,"height":8}},{"id":"5217a070-35ac-4e2a-9c37-ebda154a7900","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":206,"width":706,"height":7}},{"id":"7b0aaaeb-50a8-4d17-ab98-c097f615757e","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":206,"width":167,"height":7}},{"id":"d563f104-6240-4f48-af84-4334f3f21d89","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":215,"width":182,"height":8}},{"id":"8b765200-b1a4-47cb-9b03-91d1ed5d1147","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":229,"width":761,"height":8}},{"id":"75c9a473-0b64-4e64-b99c-8b6aa4e69e99","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":230,"width":11,"height":5}},{"id":"531a5a90-a119-41aa-8a74-399fbc3fc6a7","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":242,"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":"3bf38df7-710a-45ae-91df-c8a6bb3a9d3b"},"user_id":1000002,"date_created":"2026-10-15T22:27:21.085000Z","date_modified":"2026-10-15T22:27:21.085000Z","private":false}