{"annotation_id":"8fc73ecf-394c-4e8a-9cca-ba607355e7b8","file_hash":"23897d4f0c44c2a60d75f27572744e9fa6fd5284c4358149b695c85e76d9ad9d","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"64974e4c-71f6-4fae-98a5-201b295eb1d6","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":12,"width":155,"height":25}},{"id":"53ddec71-b4ba-401c-8bad-316840e1b630","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":13,"width":14,"height":4}},{"id":"0ef4fc89-7e37-47f2-9b53-e10bcb190810","block_type":"box","text":"Vanguard EUR Corporate Bond UCITS ETF","page_number":1,"box":{"x":38,"y":107,"width":680,"height":22}},{"id":"865d8c0b-018d-41c5-af2c-0262764472cd","block_type":"box","text":"(EUR) Distributing - An exchange-traded fund","page_number":1,"box":{"x":39,"y":136,"width":392,"height":13}},{"id":"478d02d7-247e-4dd9-a710-ca918b910715","block_type":"box","text":"Inception date: 24 February 2016","page_number":1,"box":{"x":40,"y":155,"width":238,"height":10}},{"id":"e067a16a-2706-4513-9cca-42566a94e530","block_type":"box","text":"Total assets (million) €6,047","page_number":1,"box":{"x":38,"y":176,"width":162,"height":8}},{"id":"911cd5a5-7750-420e-a21a-5bcb9dd18665","block_type":"box","text":"|","page_number":1,"box":{"x":204,"y":176,"width":2,"height":7}},{"id":"82dbeec8-88c4-468b-9afa-5e91af743890","block_type":"box","text":"Share class assets (million) €3,285 as at 30 September 2026","page_number":1,"box":{"x":211,"y":176,"width":343,"height":8}},{"id":"dda74e7c-0675-4c55-94dc-cf9503d338e0","block_type":"box","text":"Key ETF facts","page_number":1,"box":{"x":39,"y":210,"width":89,"height":9}},{"id":"bf387356-593d-40d6-9ed6-60037b3ff77a","block_type":"box","text":"Exchange ticker","page_number":1,"box":{"x":307,"y":214,"width":80,"height":7}},{"id":"042b18b3-2c6e-4d11-ade4-82a7703b1050","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":457,"y":214,"width":36,"height":6}},{"id":"9db23a26-5010-4bcb-b00b-2098269f5408","block_type":"box","text":"Reuters","page_number":1,"box":{"x":561,"y":214,"width":39,"height":6}},{"id":"b739a40b-a0d6-45ef-b6d2-3af463b1f62e","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":674,"y":214,"width":54,"height":7}},{"id":"5f675b1a-fcd6-4be6-ad4c-4f59befc3dc4","block_type":"box","text":"Bloomberg iNav","page_number":1,"box":{"x":771,"y":214,"width":80,"height":7}},{"id":"4d0b6224-ce1d-4f06-8c9a-87d41ac3a0e3","block_type":"box","text":"Valoren","page_number":1,"box":{"x":912,"y":214,"width":39,"height":6}},{"id":"81607a9a-2f42-4973-a754-8b4106378c3d","block_type":"box","text":"London Stock Exchange","page_number":1,"box":{"x":39,"y":231,"width":120,"height":8}},{"id":"62be616d-4a52-4ecd-bbe5-64aca8883639","block_type":"box","text":"GBP","page_number":1,"box":{"x":39,"y":242,"width":18,"height":5}},{"id":"2b1724d7-a249-4fe2-b79d-1e41315fd5e8","block_type":"box","text":"VECP","page_number":1,"box":{"x":363,"y":243,"width":24,"height":5}},{"id":"31995231-2574-4604-86b0-ab08a040e6dc","block_type":"box","text":"BYM2W94","page_number":1,"box":{"x":447,"y":243,"width":46,"height":5}},{"id":"5b6cade8-732d-4a36-8b7e-77cea0a65c7b","block_type":"box","text":"VECP.L","page_number":1,"box":{"x":568,"y":243,"width":32,"height":5}},{"id":"4f8e83bd-ee53-4e0d-b068-74f4c7235c9a","block_type":"box","text":"VECP LN","page_number":1,"box":{"x":690,"y":243,"width":38,"height":5}},{"id":"da9a2978-478a-4823-924f-c200f3601ad9","block_type":"box","text":"IVECPGBP","page_number":1,"box":{"x":805,"y":243,"width":45,"height":5}},{"id":"6265dbdb-9633-4ed8-b02f-4fb91c90e745","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":245,"width":6,"height":1}},{"id":"6beeb69b-895b-49f1-aad4-106b5776ead5","block_type":"box","text":"SIX Swiss Exchange","page_number":1,"box":{"x":39,"y":256,"width":101,"height":7}},{"id":"6996debe-a3a2-49ce-bebe-df2e45684381","block_type":"box","text":"CHF","page_number":1,"box":{"x":39,"y":267,"width":18,"height":5}},{"id":"6bf25ab2-d81a-4d09-87cd-5b7b7ab072b6","block_type":"box","text":"VECP","page_number":1,"box":{"x":363,"y":267,"width":24,"height":5}},{"id":"9462f4fb-b13a-4b45-a683-13aa3fec77c5","block_type":"box","text":"BD97ZX0","page_number":1,"box":{"x":452,"y":267,"width":41,"height":5}},{"id":"1a03783a-c460-4b2c-8546-74c6ef47c09e","block_type":"box","text":"VECP.S","page_number":1,"box":{"x":567,"y":267,"width":32,"height":5}},{"id":"740248be-b504-4772-beb8-eb33d83f3395","block_type":"box","text":"VECP SW","page_number":1,"box":{"x":686,"y":267,"width":42,"height":5}},{"id":"7029aef6-b25d-4fd9-8bb6-85bac5e3d35e","block_type":"box","text":"IVECPCHF","page_number":1,"box":{"x":805,"y":267,"width":45,"height":5}},{"id":"f27233d6-7937-44cc-9f98-89a5fd46216c","block_type":"box","text":"30358994","page_number":1,"box":{"x":907,"y":267,"width":44,"height":5}},{"id":"2dd6eed3-ac95-4035-93fe-c9c649a9a65e","block_type":"box","text":"NYSE Euronext","page_number":1,"box":{"x":39,"y":281,"width":78,"height":6}},{"id":"660d5bae-7f02-4fac-8267-05009234bd25","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":293,"width":17,"height":5}},{"id":"27d0423d-23fe-4ae2-b07a-217a0228f192","block_type":"box","text":"VECP","page_number":1,"box":{"x":363,"y":293,"width":24,"height":5}},{"id":"6d875dc5-b49a-496d-900f-83faca445150","block_type":"box","text":"BD97ZQ3","page_number":1,"box":{"x":451,"y":293,"width":41,"height":5}},{"id":"e12fbae2-5263-4865-a62d-d422ba8ad9ef","block_type":"box","text":"VECP.AS","page_number":1,"box":{"x":561,"y":293,"width":38,"height":5}},{"id":"29794fa2-acdb-4377-9002-e33e3249718b","block_type":"box","text":"VECP NA","page_number":1,"box":{"x":689,"y":293,"width":40,"height":5}},{"id":"922cb099-cc44-4dc8-8f31-963a3cd8e39a","block_type":"box","text":"IVECPEUR","page_number":1,"box":{"x":806,"y":293,"width":44,"height":5}},{"id":"fe030c55-d184-43bd-98e4-dce41473b3b5","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":296,"width":6,"height":0}},{"id":"6a5e4f29-2b8c-470d-a4ae-68b90e561b22","block_type":"box","text":"Deutsche Börse","page_number":1,"box":{"x":39,"y":307,"width":79,"height":6}},{"id":"c3dcdc54-1970-42c0-ae62-0544c672b3e6","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":317,"width":17,"height":5}},{"id":"384f1d30-8f9d-4810-8589-b552dbf5115b","block_type":"box","text":"VECP","page_number":1,"box":{"x":363,"y":317,"width":24,"height":5}},{"id":"a42613fa-c0dc-4d13-b136-d4668f84fd9c","block_type":"box","text":"BD97JR2","page_number":1,"box":{"x":453,"y":317,"width":39,"height":5}},{"id":"3189e68b-d028-4517-82b4-5a7e36201c1e","block_type":"box","text":"VECP.DE","page_number":1,"box":{"x":560,"y":317,"width":39,"height":5}},{"id":"8a464ee3-843c-4772-ac96-031d0d414a9f","block_type":"box","text":"VECP GY","page_number":1,"box":{"x":689,"y":317,"width":39,"height":5}},{"id":"6789c451-fac0-434d-997f-63462868b8e8","block_type":"box","text":"IVECPEUR","page_number":1,"box":{"x":806,"y":317,"width":44,"height":5}},{"id":"51dc8994-b61a-4cb5-b32f-1f5ba4c4f289","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":320,"width":6,"height":1}},{"id":"5426f4cd-274b-4378-b0f4-ab191d06360b","block_type":"box","text":"Borsa Italiana S.p.A.","page_number":1,"box":{"x":39,"y":330,"width":103,"height":8}},{"id":"8d3f5d65-188b-4c69-a9dc-5e47011a9214","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":342,"width":17,"height":5}},{"id":"0c8eb596-94c8-402a-8c5e-f966cde89040","block_type":"box","text":"VECP","page_number":1,"box":{"x":363,"y":342,"width":24,"height":5}},{"id":"c9839120-5195-4603-92bf-08d592d1093d","block_type":"box","text":"BGSF2L3","page_number":1,"box":{"x":453,"y":342,"width":39,"height":5}},{"id":"ca36a7bd-43e6-4e4c-bc87-f7bf5610ce3f","block_type":"box","text":"VECP.MI","page_number":1,"box":{"x":562,"y":342,"width":37,"height":5}},{"id":"852327e2-b061-4ddf-9f3a-ff1d4c5b8528","block_type":"box","text":"VECP IM","page_number":1,"box":{"x":691,"y":342,"width":37,"height":5}},{"id":"e7f61231-ee5a-4b70-9b9e-ad6fe3c29896","block_type":"box","text":"IVECPEUR","page_number":1,"box":{"x":806,"y":342,"width":44,"height":5}},{"id":"4a5bbec6-83c5-4170-8182-70349d83c8db","block_type":"box","text":"—","page_number":1,"box":{"x":945,"y":345,"width":6,"height":0}},{"id":"d9be59f5-21f2-4626-af50-85b14af2ffb0","block_type":"box","text":"Ongoing Charges Figure†","page_number":1,"box":{"x":39,"y":509,"width":134,"height":7}},{"id":"532e3eba-c8fa-41fd-901d-81355a376190","block_type":"box","text":"e†","page_number":1,"box":{"x":173,"y":506,"width":10,"height":9}},{"id":"26bfe204-d548-44d8-8b1d-5c595f8ba1ca","block_type":"box","text":"0.07","page_number":1,"box":{"x":218,"y":509,"width":23,"height":6}},{"id":"a57e1539-627b-4e30-a7ee-49689265e3df","block_type":"box","text":"%","page_number":1,"box":{"x":241,"y":509,"width":9,"height":6}},{"id":"eda0eba5-b61b-4f62-8564-cec2da1c8773","block_type":"box","text":"†","page_number":1,"box":{"x":39,"y":531,"width":5,"height":5}},{"id":"7f11ee79-63f4-421f-985c-091e96825aff","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":533,"width":738,"height":7}},{"id":"9d6d286c-e20b-49e6-a03f-67a760e71c54","block_type":"box","text":"nds. When you invest with","page_number":1,"box":{"x":789,"y":533,"width":129,"height":7}},{"id":"e4cb2d21-fd95-443d-b89b-59d11dad4d0d","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":545,"width":777,"height":8}},{"id":"8b4bfb1d-9d91-41e3-8997-400cf45a0a70","block_type":"box","text":"the fund. The AMC","page_number":1,"box":{"x":820,"y":545,"width":93,"height":6}},{"id":"a4721a32-67be-47a7-baf1-26811439b36e","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":556,"width":543,"height":8}},{"id":"cce086aa-f571-4291-a89f-e89745244fef","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":575,"width":186,"height":8}},{"id":"2471c713-af58-43c9-9f8f-7a0d3da767c2","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":592,"width":3,"height":2}},{"id":"4e73a08c-248b-46d4-b9ba-08ebc7df65d6","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":590,"width":732,"height":8}},{"id":"dcabf6ff-19f2-4e8f-89bd-e0331e25835b","block_type":"box","text":"rformance of the Bloomberg","page_number":1,"box":{"x":784,"y":590,"width":142,"height":8}},{"id":"793c3d9f-9a5c-4366-8d8e-e7704a9133e9","block_type":"box","text":"Euro Corporate Index (the “Index“).","page_number":1,"box":{"x":51,"y":600,"width":175,"height":8}},{"id":"d4e1140b-dc52-4595-9560-d4987ffc84e9","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":615,"width":3,"height":2}},{"id":"59173d66-d07d-40f1-90f5-bfed1bfb6dc2","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":613,"width":685,"height":7}},{"id":"f3bca260-4e00-481c-9232-54fe08556c7a","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":627,"width":3,"height":2}},{"id":"94472507-61a6-4ff9-b152-e9c0d8a4c479","block_type":"box","text":"The Index measures the performance of a broad spread of Euro denominated bonds paying a fixed rate of interest which are issued or guaranteed by compa","page_number":1,"box":{"x":51,"y":625,"width":780,"height":8}},{"id":"fca16dbf-5250-4f81-8f30-bfb6edc027b7","block_type":"box","text":"nies.","page_number":1,"box":{"x":833,"y":625,"width":21,"height":6}},{"id":"18ee5bba-6385-41da-bbd6-0e4aefff9c10","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":639,"width":3,"height":3}},{"id":"59a5bb8a-b36d-4cb5-a9cd-295211641582","block_type":"box","text":"Bonds in the Index have maturities of greater than one year and generally investment grade.","page_number":1,"box":{"x":51,"y":637,"width":461,"height":8}},{"id":"ab522fc7-2b48-46d0-a9d1-48103fd748a6","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":652,"width":3,"height":2}},{"id":"e7cade71-207e-4c82-b525-c410ccdd1033","block_type":"box","text":"To a lesser extent the Fund may invest in similar types of bonds outside the Index.","page_number":1,"box":{"x":51,"y":649,"width":406,"height":8}},{"id":"eb94b906-2486-41e1-8951-ce41000313c4","block_type":"box","text":"‡","page_number":1,"box":{"x":35,"y":956,"width":3,"height":4}},{"id":"928a82ce-c573-43a7-bd75-e641f9728e3b","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":956,"width":181,"height":7}},{"id":"a3e8fb35-0074-49bf-aba4-06fa57ffa0a2","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":"95b1f608-a40c-480e-84e3-7a02c218b81d","block_type":"box","text":"Base currency","page_number":1,"box":{"x":39,"y":369,"width":71,"height":7}},{"id":"970343a3-4920-4d75-b55c-85a54f99fecf","block_type":"box","text":"Tax reporting","page_number":1,"box":{"x":268,"y":369,"width":69,"height":7}},{"id":"0ddbdd1e-0e71-43cc-8d5a-843b967aa81b","block_type":"box","text":"SRRI","page_number":1,"box":{"x":412,"y":369,"width":23,"height":6}},{"id":"4acf3be9-a746-4e50-9cdf-eb326ed9897f","block_type":"box","text":"‡","page_number":1,"box":{"x":436,"y":369,"width":4,"height":3}},{"id":"787a8979-e14f-4401-ae0c-579c9fef9482","block_type":"box","text":"Index ticker","page_number":1,"box":{"x":496,"y":369,"width":59,"height":6}},{"id":"3756e35a-9af1-4bf0-8d7d-a596136f5b4c","block_type":"box","text":"Investment structure","page_number":1,"box":{"x":646,"y":369,"width":108,"height":6}},{"id":"5d2dbe2a-67ae-49a7-9c9d-b6299ac39d1c","block_type":"box","text":"Domicile","page_number":1,"box":{"x":903,"y":369,"width":42,"height":6}},{"id":"07c5ae00-8825-4d50-be89-a723fd0b5cdb","block_type":"box","text":"EUR","page_number":1,"box":{"x":39,"y":386,"width":17,"height":5}},{"id":"0f2e6027-f657-4af5-8c37-20eef69af581","block_type":"box","text":"Austria, Italy, Switzerland, UK","page_number":1,"box":{"x":210,"y":385,"width":128,"height":7}},{"id":"642ff62e-eae7-4013-9ec2-df99c6c02c98","block_type":"box","text":"3","page_number":1,"box":{"x":435,"y":385,"width":4,"height":6}},{"id":"15517bde-2af4-44af-aa97-e5c8b89f4240","block_type":"box","text":"I02002EU","page_number":1,"box":{"x":511,"y":385,"width":43,"height":6}},{"id":"d7578056-cdeb-4e4f-915d-f9cf1ef822ac","block_type":"box","text":"UCITS","page_number":1,"box":{"x":727,"y":385,"width":25,"height":6}},{"id":"15336a03-dc2b-401d-9ea8-95ce223ea8b8","block_type":"box","text":"Ireland","page_number":1,"box":{"x":917,"y":385,"width":28,"height":6}},{"id":"7ba74b70-c01d-4132-a5d6-dce6a9feb1a4","block_type":"box","text":"Legal entity","page_number":1,"box":{"x":39,"y":416,"width":60,"height":8}},{"id":"92b6b0ad-71b4-4d74-adb5-4d615f765794","block_type":"box","text":"Investment method","page_number":1,"box":{"x":238,"y":416,"width":99,"height":6}},{"id":"c7a740f3-50b6-4986-857e-5014be8a8ea9","block_type":"box","text":"ISIN","page_number":1,"box":{"x":420,"y":416,"width":20,"height":6}},{"id":"b86646a9-9a37-4af8-bb67-b65c13a9c8b5","block_type":"box","text":"Dividends","page_number":1,"box":{"x":506,"y":416,"width":49,"height":6}},{"id":"eddcbd75-67e3-4514-96f8-583a620acf1d","block_type":"box","text":"Dividend schedule","page_number":1,"box":{"x":663,"y":416,"width":90,"height":6}},{"id":"53f33205-6d6d-4d78-a5c4-2f303c23c2bf","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":841,"y":416,"width":105,"height":8}},{"id":"923b71d1-4613-4c1c-9ad1-702e01c1b2c1","block_type":"box","text":"Vanguard Funds plc","page_number":1,"box":{"x":38,"y":433,"width":85,"height":6}},{"id":"d56f77ed-272b-4dce-b4a6-ee744e8821b4","block_type":"box","text":"Physical","page_number":1,"box":{"x":303,"y":433,"width":34,"height":6}},{"id":"9016944f-79d5-4732-8285-640f43d804de","block_type":"box","text":"IE00BZ163G84","page_number":1,"box":{"x":375,"y":433,"width":65,"height":5}},{"id":"1916e0ac-009b-48d7-9d3c-3190846d2223","block_type":"box","text":"Distributed","page_number":1,"box":{"x":507,"y":433,"width":47,"height":5}},{"id":"af8fc96b-b41a-42d3-bbb2-c16e433f309c","block_type":"box","text":"Monthly","page_number":1,"box":{"x":719,"y":433,"width":34,"height":6}},{"id":"5966cd04-e890-45f6-811d-160bb70a7d7f","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":780,"y":433,"width":166,"height":6}},{"id":"0e053199-b876-4e4e-b2c6-153ee46937ff","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":67,"width":229,"height":9}},{"id":"4711c004-1c6e-4868-819c-e69cf1592fa2","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":80,"width":84,"height":10}},{"id":"9d49c026-cf4e-410a-aab5-9c5f5d9b2ef2","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":81,"width":7,"height":11}},{"id":"65116c34-1acf-492c-b58a-2b21e9fa8182","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":81,"width":161,"height":11}},{"id":"69f77744-0765-4c3c-bc38-6b35de2fc16a","block_type":"box","text":"Vanguard EUR Corporate Bond UCITS ETF","page_number":2,"box":{"x":38,"y":34,"width":612,"height":19}},{"id":"e8e047e5-4001-4046-be1a-d600920efab3","block_type":"box","text":"(EUR) Distributing - An exchange-traded fund","page_number":2,"box":{"x":39,"y":60,"width":392,"height":13}},{"id":"cf3bb89c-c53a-424a-9c8b-f82e6348bf0a","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":99,"width":127,"height":8}},{"id":"586dabd0-5b57-4f43-914a-3d0ecd52f352","block_type":"box","text":"EUR","page_number":2,"box":{"x":39,"y":117,"width":20,"height":6}},{"id":"11fa16ef-5098-4179-b6d0-f81882cd2a93","block_type":"box","text":"—","page_number":2,"box":{"x":60,"y":120,"width":8,"height":1}},{"id":"68b8b979-4acf-4eae-bbdb-f796854a2f97","block_type":"box","text":"Vanguard EUR Corporate Bond UCITS ETF","page_number":2,"box":{"x":68,"y":117,"width":213,"height":7}},{"id":"8e3079fa-40a3-4063-92ef-8c2dd2e2d1c9","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":128,"width":56,"height":6}},{"id":"6efdb608-8308-48c2-8323-7c04016801a3","block_type":"box","text":"— Bloomberg Euro Corporate Index","page_number":2,"box":{"x":98,"y":128,"width":175,"height":7}},{"id":"f3ed1090-4a0d-4577-b3ba-f71f02cc3dfe","block_type":"box","text":"-","page_number":2,"box":{"x":276,"y":131,"width":2,"height":1}},{"id":"43b5421d-a0f0-4edc-8275-cb0dbe5370de","block_type":"box","text":"The Index is a widely recognised benchmark designed to reflect the total universe of publicly traded, fixed-coupon,","page_number":2,"box":{"x":282,"y":128,"width":567,"height":7}},{"id":"a409447d-00c1-4cdb-9ffe-291d2e4a6895","block_type":"box","text":"euro-denominated investment-grade corporate bonds with maturities greater than one year and which have a minimum issue size of EUR 300 million.","page_number":2,"box":{"x":39,"y":138,"width":749,"height":8}},{"id":"dbdacd75-5d3a-4891-8644-669465820d7c","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":198,"width":148,"height":7}},{"id":"fa005671-469f-49d6-97ce-d078d2e063bd","block_type":"box","text":"1 month","page_number":2,"box":{"x":284,"y":198,"width":40,"height":6}},{"id":"9dbfa3c0-b678-44dc-b2fe-8978159bbf22","block_type":"box","text":"Quarter","page_number":2,"box":{"x":378,"y":198,"width":39,"height":6}},{"id":"919756a1-efbf-4169-b035-06a1f3af855e","block_type":"box","text":"Year to","page_number":2,"box":{"x":473,"y":188,"width":36,"height":6}},{"id":"5d642ef8-3c73-4c23-9104-f32c1a225419","block_type":"box","text":"date","page_number":2,"box":{"x":486,"y":198,"width":23,"height":6}},{"id":"1be3d1b9-fc24-4117-be74-daf8cfc11aff","block_type":"box","text":"1 year","page_number":2,"box":{"x":557,"y":198,"width":30,"height":7}},{"id":"8c0204cd-80bd-43ac-aab6-933de33a87de","block_type":"box","text":"3 years","page_number":2,"box":{"x":633,"y":198,"width":35,"height":7}},{"id":"8e2b7f7d-119b-4941-911c-80e00ad44f05","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":198,"width":35,"height":7}},{"id":"c1d76a11-63c6-4708-827f-5a2c2967359a","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":198,"width":41,"height":7}},{"id":"b9a4efe9-2018-4b77-b790-bef224d3185a","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":188,"width":26,"height":6}},{"id":"0fc10267-7757-43eb-81f4-b753e78ced7c","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":198,"width":45,"height":7}},{"id":"dd67243f-ca32-44c3-a0bd-578b1c61b989","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":215,"width":20,"height":5}},{"id":"788a6c6a-f2ef-4b92-a7c0-37ae13d857ed","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":216,"width":59,"height":5}},{"id":"3f8abf62-92ad-4e81-8131-1e1dea80b7cc","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":215,"width":3,"height":6}},{"id":"7ded7b3c-2d88-4196-bb99-548a0a1c38ec","block_type":"box","text":"-1.33%","page_number":2,"box":{"x":294,"y":215,"width":30,"height":5}},{"id":"0fa0749e-440f-4fd8-8d38-d7550587f6f4","block_type":"box","text":"-2.52%","page_number":2,"box":{"x":386,"y":215,"width":30,"height":5}},{"id":"f5e79839-f06a-4df4-9f75-a1cad53b5ef2","block_type":"box","text":"-1.28%","page_number":2,"box":{"x":478,"y":215,"width":31,"height":5}},{"id":"1003a39b-ca55-4fbb-8fe6-eaf27bff52cd","block_type":"box","text":"-1.01%","page_number":2,"box":{"x":556,"y":215,"width":30,"height":5}},{"id":"0018c90e-e49b-4468-a7a9-bc9f2012b9b4","block_type":"box","text":"3.91%","page_number":2,"box":{"x":641,"y":215,"width":27,"height":5}},{"id":"51cf35a6-3193-4347-92f7-db42ebdc1c7a","block_type":"box","text":"-0.32%","page_number":2,"box":{"x":728,"y":215,"width":30,"height":5}},{"id":"0db9eb94-0d62-41fb-8b40-4f65c2000fa0","block_type":"box","text":"0.64%","page_number":2,"box":{"x":827,"y":215,"width":27,"height":5}},{"id":"e8a9dfc0-395a-4e94-ba9d-801c196338c9","block_type":"box","text":"1.09%","page_number":2,"box":{"x":925,"y":215,"width":27,"height":5}},{"id":"14fff650-6f5d-46b8-b6cd-afdbc34fe256","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":232,"width":48,"height":5}},{"id":"d88f04c5-7822-4be7-8ea0-ea2fdf44dde0","block_type":"box","text":"-1.33%","page_number":2,"box":{"x":294,"y":230,"width":30,"height":6}},{"id":"27db0854-d4f3-4613-b647-7aa239418e84","block_type":"box","text":"-2.50%","page_number":2,"box":{"x":386,"y":230,"width":30,"height":6}},{"id":"057a18aa-7100-4fa0-8e6d-e45536f3c0af","block_type":"box","text":"-1.20%","page_number":2,"box":{"x":478,"y":230,"width":31,"height":6}},{"id":"81950f6f-23c5-4db4-b3b6-f6450a9b979f","block_type":"box","text":"-0.94%","page_number":2,"box":{"x":556,"y":230,"width":30,"height":6}},{"id":"4c930ac8-f543-4604-bedf-1a041fe72b74","block_type":"box","text":"4.00%","page_number":2,"box":{"x":641,"y":230,"width":27,"height":6}},{"id":"080c75df-4933-45c5-92a4-43361e5b2c79","block_type":"box","text":"-0.21%","page_number":2,"box":{"x":728,"y":230,"width":30,"height":6}},{"id":"7c3898f5-2ebf-463c-b68e-419935f0569c","block_type":"box","text":"0.74%","page_number":2,"box":{"x":827,"y":230,"width":27,"height":6}},{"id":"effa2700-83a5-474a-9d7d-ae8cd88ac550","block_type":"box","text":"1.18%","page_number":2,"box":{"x":925,"y":230,"width":27,"height":6}},{"id":"4cac2ab5-f2ca-423b-9075-9f461619054b","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":247,"width":734,"height":8}},{"id":"69202c6d-33d6-4350-a6c0-c583762582c0","block_type":"box","text":"ment of all dividends and any","page_number":2,"box":{"x":775,"y":247,"width":145,"height":8}},{"id":"68d43cb5-33a1-4799-8cb5-7e4d05893102","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":256,"width":757,"height":8}},{"id":"e9fc3297-2df3-48f4-b7d6-8d13a82688a3","block_type":"box","text":"asis of fund performance is","page_number":2,"box":{"x":797,"y":256,"width":135,"height":8}},{"id":"2f0c4ba0-546a-49f7-ac3d-0e582205db36","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":266,"width":418,"height":8}},{"id":"1bdbb3bd-ca0f-46e5-8106-18e90bcf4b2f","block_type":"box","text":"Performance and Data is calculated on closing NAV as at 30 September 2026.","page_number":2,"box":{"x":39,"y":281,"width":390,"height":8}},{"id":"e01da87a-609b-45cb-82b7-9c07ea25e2e5","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":2,"box":{"x":39,"y":295,"width":307,"height":8}},{"id":"31c330b9-a294-4098-9195-b4f8bc3c33c8","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":309,"width":736,"height":7}},{"id":"e1077f04-2cd3-4d05-82e0-640d30cf2ad2","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":309,"width":143,"height":6}},{"id":"2c8bf109-568b-4648-b788-c25a8402214e","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":318,"width":759,"height":8}},{"id":"a8451341-0756-4043-9708-db4ab4522bed","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":318,"width":97,"height":6}},{"id":"34a9a2bd-4651-4d23-8163-747f91c41172","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":327,"width":603,"height":8}},{"id":"9277015c-8fad-40a9-a33b-5e054831bd86","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":355,"width":88,"height":7}},{"id":"f5aee789-e9c7-47e7-bcb1-e06da453ff62","block_type":"box","text":"01 Oct 2016","page_number":2,"box":{"x":200,"y":559,"width":53,"height":5}},{"id":"7522dbcc-329c-48b7-b367-d6331bc33d8e","block_type":"box","text":"-","page_number":2,"box":{"x":226,"y":571,"width":3,"height":0}},{"id":"f619fc14-c301-471c-aec7-d7420f5e0ac1","block_type":"box","text":"30 Sep 2017","page_number":2,"box":{"x":200,"y":577,"width":53,"height":6}},{"id":"6ca046ab-8650-4cfd-9f41-b5f56e1c7913","block_type":"box","text":"01 Oct 2017","page_number":2,"box":{"x":277,"y":559,"width":53,"height":5}},{"id":"c19d2715-0456-44ae-83d3-4addd8eb5cf7","block_type":"box","text":"-","page_number":2,"box":{"x":304,"y":571,"width":2,"height":0}},{"id":"1cbad6e1-90f4-402e-a5c8-43ca48a180a6","block_type":"box","text":"30 Sep 2018","page_number":2,"box":{"x":277,"y":577,"width":53,"height":6}},{"id":"4e4c8b59-bd3e-4223-98a2-8c668604cfd3","block_type":"box","text":"01 Oct 2018","page_number":2,"box":{"x":355,"y":559,"width":53,"height":5}},{"id":"66ecf2d6-041e-4759-84f2-a5b5815044b2","block_type":"box","text":"-","page_number":2,"box":{"x":381,"y":571,"width":3,"height":0}},{"id":"21f958f1-72e4-4f12-9a3d-e40b3034bd0d","block_type":"box","text":"30 Sep 2019","page_number":2,"box":{"x":354,"y":577,"width":54,"height":6}},{"id":"6a6bf751-b312-4f97-83f6-4fd3642ea194","block_type":"box","text":"01 Oct 2019","page_number":2,"box":{"x":432,"y":559,"width":53,"height":5}},{"id":"211d002c-759e-4cf6-aa52-f15745815c68","block_type":"box","text":"-","page_number":2,"box":{"x":459,"y":571,"width":2,"height":0}},{"id":"0d4aeef4-194a-4c94-98dd-680bfe6f5866","block_type":"box","text":"30 Sep 2020","page_number":2,"box":{"x":432,"y":577,"width":53,"height":6}},{"id":"3deed653-4355-4bc7-8bbf-4ddbe22f1a1f","block_type":"box","text":"01 Oct 2020","page_number":2,"box":{"x":510,"y":559,"width":53,"height":5}},{"id":"b64eed37-2a2b-4272-b375-3b2e2dd4c43c","block_type":"box","text":"-","page_number":2,"box":{"x":536,"y":571,"width":2,"height":0}},{"id":"3b03ba40-4242-4aba-9e51-7634c6ecaa7f","block_type":"box","text":"30 Sep 2021","page_number":2,"box":{"x":509,"y":577,"width":54,"height":6}},{"id":"0406e015-dde4-4569-9f66-e130bf05ec52","block_type":"box","text":"01 Oct 2021","page_number":2,"box":{"x":587,"y":559,"width":53,"height":5}},{"id":"ce8d790f-f979-437b-81e5-9860d3963058","block_type":"box","text":"-","page_number":2,"box":{"x":613,"y":571,"width":3,"height":0}},{"id":"20f75791-30bb-43df-a376-c6c322dec9e6","block_type":"box","text":"30 Sep 2022","page_number":2,"box":{"x":587,"y":577,"width":53,"height":6}},{"id":"cb21fad9-4704-477c-83b6-8dff08f3a87e","block_type":"box","text":"01 Oct 2022","page_number":2,"box":{"x":664,"y":559,"width":53,"height":5}},{"id":"73b65ba8-2986-4cef-bbe1-0a57e73a3dc1","block_type":"box","text":"-","page_number":2,"box":{"x":691,"y":571,"width":2,"height":0}},{"id":"00c0b58e-b122-4c21-bc1e-0751b7cb8a06","block_type":"box","text":"30 Sep 2023","page_number":2,"box":{"x":664,"y":577,"width":53,"height":6}},{"id":"185b123a-37f4-4e67-a730-af75b510b416","block_type":"box","text":"01 Oct 2023","page_number":2,"box":{"x":742,"y":559,"width":53,"height":5}},{"id":"390d2186-dab2-469a-85d3-05dbcc8ee086","block_type":"box","text":"-","page_number":2,"box":{"x":768,"y":571,"width":3,"height":0}},{"id":"c1d4d488-d204-4746-ba72-041affe14165","block_type":"box","text":"30 Sep 2024","page_number":2,"box":{"x":742,"y":577,"width":53,"height":6}},{"id":"c1dc6fdf-5b14-43ed-a123-52e5a8b63785","block_type":"box","text":"01 Oct 2024","page_number":2,"box":{"x":819,"y":559,"width":53,"height":5}},{"id":"7e4e75b4-0694-4ad5-8e48-e8ca43b1bccc","block_type":"box","text":"-","page_number":2,"box":{"x":846,"y":571,"width":2,"height":0}},{"id":"9d6f6521-6348-4927-8f29-75dcdc6023df","block_type":"box","text":"30 Sep 2025","page_number":2,"box":{"x":819,"y":577,"width":53,"height":6}},{"id":"9caa6f4a-9904-4d1c-b20f-7edee71c78dc","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":897,"y":559,"width":53,"height":5}},{"id":"02a8d744-e044-4dce-b5e5-db9b013f41f5","block_type":"box","text":"-","page_number":2,"box":{"x":923,"y":571,"width":3,"height":0}},{"id":"4273171c-adc3-41d8-9eaf-e86908e02f36","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":897,"y":577,"width":53,"height":6}},{"id":"89914b57-9388-461d-8f32-9d9e09fe0bfe","block_type":"box","text":"Fund (","page_number":2,"box":{"x":63,"y":593,"width":27,"height":6}},{"id":"4c39a6ff-ca86-4877-8619-a36b0520c359","block_type":"box","text":"Net of expenses)","page_number":2,"box":{"x":91,"y":594,"width":59,"height":5}},{"id":"783378e4-fab5-43a0-a73c-d254e91d056c","block_type":"box","text":"0.46%","page_number":2,"box":{"x":213,"y":594,"width":27,"height":5}},{"id":"8f83bdae-adeb-45bd-af8d-96ec8b73e150","block_type":"box","text":"-0.01%","page_number":2,"box":{"x":288,"y":594,"width":31,"height":5}},{"id":"8aba5127-1837-4e94-801e-30bee2c4a0c1","block_type":"box","text":"6.07%","page_number":2,"box":{"x":368,"y":594,"width":26,"height":5}},{"id":"b3fb698e-acae-4de1-9860-34e4e6fb454d","block_type":"box","text":"0.13%","page_number":2,"box":{"x":445,"y":594,"width":27,"height":5}},{"id":"94b1d8fb-90bb-4225-a3ef-f3ae12baad85","block_type":"box","text":"1.52%","page_number":2,"box":{"x":523,"y":594,"width":26,"height":5}},{"id":"c076f75c-1027-437b-8555-3de6e3442b36","block_type":"box","text":"-15.20%","page_number":2,"box":{"x":595,"y":594,"width":36,"height":5}},{"id":"c73f6c99-b2fc-4fc6-ba37-438e3de41d5c","block_type":"box","text":"3.45%","page_number":2,"box":{"x":678,"y":594,"width":26,"height":5}},{"id":"7fc401d4-1d45-4174-b9b8-bf879c3315b9","block_type":"box","text":"9.46%","page_number":2,"box":{"x":755,"y":594,"width":27,"height":5}},{"id":"94cb7e37-9328-4126-91f3-ddc9467e29f2","block_type":"box","text":"3.55%","page_number":2,"box":{"x":832,"y":594,"width":27,"height":5}},{"id":"10a92c7e-f731-42fa-9809-6f54ef98521a","block_type":"box","text":"-1.01%","page_number":2,"box":{"x":908,"y":594,"width":30,"height":5}},{"id":"d8b984e6-f5d8-456f-a784-be5ace62fa56","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":608,"width":48,"height":6}},{"id":"d4c5c74b-53c6-4b5b-bdfc-dcd264060442","block_type":"box","text":"0.54%","page_number":2,"box":{"x":213,"y":610,"width":27,"height":5}},{"id":"fe0971eb-6eb1-44c5-9bfd-41c52463ea70","block_type":"box","text":"0.00%","page_number":2,"box":{"x":290,"y":610,"width":27,"height":5}},{"id":"c1f6360f-d922-40e7-bea2-0917ad4d6ef7","block_type":"box","text":"6.13%","page_number":2,"box":{"x":368,"y":610,"width":26,"height":5}},{"id":"36e6fcaf-c972-45e4-ab4a-c96a19b102bb","block_type":"box","text":"0.26%","page_number":2,"box":{"x":445,"y":610,"width":27,"height":5}},{"id":"04d6459e-9ba2-4da9-a6e5-dee7ca6ab8ce","block_type":"box","text":"1.66%","page_number":2,"box":{"x":523,"y":610,"width":26,"height":5}},{"id":"e6ed8aa4-6e18-46ad-b56b-1c76a5d2e81c","block_type":"box","text":"-15.14%","page_number":2,"box":{"x":595,"y":610,"width":36,"height":5}},{"id":"1cca0604-caa0-421a-b67c-d10a60c1865a","block_type":"box","text":"3.65%","page_number":2,"box":{"x":678,"y":610,"width":26,"height":5}},{"id":"098ded96-b57e-4adf-a069-7309b35035f2","block_type":"box","text":"9.56%","page_number":2,"box":{"x":755,"y":610,"width":27,"height":5}},{"id":"de9c6c98-c469-4711-8d10-4e4601c894f1","block_type":"box","text":"3.65%","page_number":2,"box":{"x":832,"y":610,"width":27,"height":5}},{"id":"ba476fc1-f639-4d6b-8448-71023a683de0","block_type":"box","text":"-0.94%","page_number":2,"box":{"x":908,"y":610,"width":30,"height":5}},{"id":"41144657-78d9-4cce-950d-126b38457538","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":412,"width":167,"height":8}},{"id":"71d97f50-31d1-433f-adf1-f08b78bb3700","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":"e7dab700-c86d-4647-87c7-ad6e9c5f2988","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":655,"width":117,"height":8}},{"id":"588ebc06-35c9-421e-b921-52ad5e65460c","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":670,"width":721,"height":7}},{"id":"414cf22c-a61d-4df1-8feb-513869db13f7","block_type":"box","text":"lity which, in turn, are driven by other","page_number":2,"box":{"x":761,"y":670,"width":184,"height":7}},{"id":"5f442b04-a692-49d3-97c3-e82528e76fd3","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":680,"width":763,"height":7}},{"id":"694cb5fa-b8ab-4ba3-9299-7d7eed0106c2","block_type":"box","text":"ct the return of your","page_number":2,"box":{"x":802,"y":680,"width":101,"height":7}},{"id":"2871f360-be6a-4855-91ed-abea3d9bd627","block_type":"box","text":"investment.","page_number":2,"box":{"x":39,"y":690,"width":58,"height":6}},{"id":"25efdb53-68e3-45c9-a0fc-cd927d6c6b4d","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":704,"width":608,"height":7}},{"id":"f6ac7e5b-2ef0-4bc2-b27c-493322c4a1dc","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":718,"width":627,"height":7}},{"id":"caa2b0ab-7008-4fa2-9b56-99c2d3fddb2d","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":732,"width":734,"height":7}},{"id":"c645aa7e-4ed1-4079-9fbd-a67960c7ccbf","block_type":"box","text":"er instruments, may expose the Fund","page_number":2,"box":{"x":774,"y":732,"width":184,"height":7}},{"id":"2617b64d-1872-46b1-83f3-5c02dc3f45fa","block_type":"box","text":"to financial loss.","page_number":2,"box":{"x":38,"y":742,"width":80,"height":6}},{"id":"d3f4ae3b-154d-41ae-ae36-1a035bc683d4","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":756,"width":743,"height":7}},{"id":"e89598a4-c3d6-460d-a992-0e39929d7ecc","block_type":"box","text":"to provide investment results that,","page_number":2,"box":{"x":786,"y":756,"width":172,"height":7}},{"id":"cea968df-6fbb-4353-9f4f-3556119d28fa","block_type":"box","text":"before expenses, generally correspond to the price and yield performance of the Index.","page_number":2,"box":{"x":39,"y":766,"width":429,"height":7}},{"id":"ade846a8-8c0d-4db4-a2eb-221781a41975","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":780,"width":749,"height":7}},{"id":"f0f0df2a-d876-496b-979e-f374935c8284","block_type":"box","text":"here is the risk that the securities","page_number":2,"box":{"x":789,"y":780,"width":165,"height":6}},{"id":"1129a709-ed2f-40ea-8ffd-22489bd5c6e5","block_type":"box","text":"selected for the Fund may not, in the aggregate, approximate the full Index.","page_number":2,"box":{"x":39,"y":790,"width":378,"height":7}},{"id":"ffa47f93-71c1-41ce-a3e8-b5366ef2f3b1","block_type":"box","text":"Bond risk. The Fund invests in bonds which may provide higher yields but as such may carry greater credit risk increasing the risk of defaults on repa","page_number":2,"box":{"x":39,"y":804,"width":735,"height":7}},{"id":"ab082af1-306e-4736-b029-4736d51761ca","block_type":"box","text":"yment and erosion of the capital","page_number":2,"box":{"x":775,"y":804,"width":162,"height":7}},{"id":"e6487186-dd2e-4ce3-9cf0-46a4620f7608","block_type":"box","text":"value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.","page_number":2,"box":{"x":38,"y":813,"width":692,"height":8}},{"id":"c8f54b79-b921-427e-b91e-5b2f497ddf2c","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":829,"width":772,"height":8}},{"id":"12dc43f9-4649-4263-bf3b-1524c8386948","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":829,"width":22,"height":6}},{"id":"a6174ffa-da61-423b-a31d-9b37e98692db","block_type":"box","text":"Vanguard EUR Corporate Bond UCITS ETF","page_number":3,"box":{"x":38,"y":34,"width":612,"height":19}},{"id":"0628019d-2bbd-4d0c-a31f-81db43b12d68","block_type":"box","text":"(EUR) Distributing","page_number":3,"box":{"x":39,"y":60,"width":156,"height":13}},{"id":"82a33df2-f6c3-40c2-a330-67b7187e9f65","block_type":"box","text":"- An exchange-traded fund","page_number":3,"box":{"x":202,"y":60,"width":229,"height":13}},{"id":"423ea94a-b708-4859-a336-bf74a2ec2588","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":"dc3d5430-26c0-4b8e-b5af-3e24edff76c3","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":101,"width":87,"height":6}},{"id":"52c2b945-008a-4e0c-9766-4b5c6e606404","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":102,"width":20,"height":5}},{"id":"a6718f4d-79c9-44a3-a18c-f588642f889e","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":102,"width":47,"height":5}},{"id":"2beecf9a-2419-461f-a8f4-fbbc2b681680","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":113,"width":73,"height":5}},{"id":"5e2cae8e-979a-41bb-b6a6-453d98980ade","block_type":"box","text":"3,611","page_number":3,"box":{"x":606,"y":113,"width":24,"height":6}},{"id":"06e70eac-d13d-4f4b-b61d-ecf6bcf7b000","block_type":"box","text":"4,213","page_number":3,"box":{"x":788,"y":113,"width":23,"height":6}},{"id":"eb04c2ad-6493-4972-9317-7ca50654d201","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":124,"width":60,"height":5}},{"id":"abfa6424-5431-4a2e-a37f-1172f45e92c3","block_type":"box","text":"4.27%","page_number":3,"box":{"x":603,"y":124,"width":27,"height":5}},{"id":"3ee5bdf8-a21b-43d9-b010-7e99fce26ec4","block_type":"box","text":"4.27%","page_number":3,"box":{"x":784,"y":124,"width":27,"height":5}},{"id":"152186e7-8543-4253-8dba-6ae2d737daa7","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":136,"width":69,"height":6}},{"id":"eb707c31-79c6-44d2-89ff-c48b5c4aba58","block_type":"box","text":"3.1%","page_number":3,"box":{"x":609,"y":136,"width":21,"height":5}},{"id":"5a6017ed-04ee-40cf-b40e-23fd12578ac2","block_type":"box","text":"3.0%","page_number":3,"box":{"x":790,"y":136,"width":21,"height":5}},{"id":"21d55735-e3f8-49ef-8169-d541659dfa83","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":147,"width":76,"height":7}},{"id":"b2e0ef26-408b-4c6e-972e-9c6ac6803132","block_type":"box","text":"5.2 years","page_number":3,"box":{"x":592,"y":147,"width":38,"height":7}},{"id":"bc6b9496-8ded-478c-b2c1-eaca22ef54c6","block_type":"box","text":"5.2 years","page_number":3,"box":{"x":773,"y":147,"width":39,"height":7}},{"id":"e10a559d-6d63-476c-adc4-7b79a3027c8f","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":159,"width":67,"height":6}},{"id":"f0bdb53b-75f3-4e8e-8e59-f844fb064dc4","block_type":"box","text":"A-","page_number":3,"box":{"x":621,"y":159,"width":9,"height":5}},{"id":"e493c9ed-e25f-4c59-ba53-08e44f207738","block_type":"box","text":"A-","page_number":3,"box":{"x":802,"y":159,"width":10,"height":5}},{"id":"36fb72ed-3661-48ed-8c74-1d23f5ec98d6","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":170,"width":74,"height":7}},{"id":"83233d2e-6950-4ab9-aa12-9ddb4793c194","block_type":"box","text":"4.4 years","page_number":3,"box":{"x":592,"y":170,"width":38,"height":7}},{"id":"e03d4df2-c0ee-4120-8d7e-c7bba1ff3738","block_type":"box","text":"4.4 years","page_number":3,"box":{"x":773,"y":170,"width":39,"height":7}},{"id":"8159fc0e-f49a-4d69-af22-d66cf657ca28","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":182,"width":75,"height":5}},{"id":"81028816-cb90-41ea-92bd-7d69218aa0e7","block_type":"box","text":"-0.0%","page_number":3,"box":{"x":605,"y":182,"width":25,"height":5}},{"id":"2034dd8f-91d8-4724-a749-759083df3cfc","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":185,"width":7,"height":0}},{"id":"d910ce19-9317-4509-8f55-c576b728baef","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":194,"width":58,"height":5}},{"id":"a66a65aa-d36a-42c6-bb36-2d64002ff692","block_type":"box","text":"11%","page_number":3,"box":{"x":611,"y":193,"width":19,"height":6}},{"id":"463039fb-dc2d-4b0c-a964-dc97457786bd","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":196,"width":7,"height":1}},{"id":"75f734bb-d9c3-4966-91f6-affe4879468d","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":"b9ac21ad-dcc6-4507-aa0d-6578bfe911c5","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":207,"width":105,"height":5}},{"id":"e99fbcd1-047a-4895-8fba-3d2982c32d84","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":"694d7649-6b2a-4a12-8fee-ee982b5201f1","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":215,"width":168,"height":7}},{"id":"dc95b9b7-c157-4049-8efc-7d6c13c61437","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":"f4141a51-c905-4e09-8e89-1fcf2d2b6d04","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":244,"width":99,"height":6}},{"id":"1bc775ce-501e-4952-bfa4-e24a6235bccd","block_type":"box","text":"United States","page_number":3,"box":{"x":158,"y":264,"width":59,"height":5}},{"id":"cdc4f0df-c9d9-4553-955a-3295d98f5a0f","block_type":"box","text":"22.7","page_number":3,"box":{"x":432,"y":264,"width":18,"height":5}},{"id":"7b7aa650-071d-4427-89ef-56326da863d9","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":264,"width":8,"height":5}},{"id":"bb65f321-a746-46ec-8811-6ccb0d6d064d","block_type":"box","text":"France","page_number":3,"box":{"x":158,"y":275,"width":29,"height":5}},{"id":"4581be0a-a799-4318-8076-54f01150b6d3","block_type":"box","text":"18.4","page_number":3,"box":{"x":432,"y":275,"width":18,"height":5}},{"id":"c6dfa0a5-768d-4412-bf85-af7388a79ac3","block_type":"box","text":"Germany","page_number":3,"box":{"x":158,"y":286,"width":39,"height":7}},{"id":"3f177e48-5e11-4ff1-b5fb-4659abc095da","block_type":"box","text":"12.4","page_number":3,"box":{"x":432,"y":286,"width":18,"height":5}},{"id":"0bc1dfe9-38ef-4bcb-a8f8-05470cf678ed","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":158,"y":297,"width":68,"height":7}},{"id":"d7dbfe95-4fb1-4130-a952-303f943bf3d8","block_type":"box","text":"8.8","page_number":3,"box":{"x":438,"y":297,"width":12,"height":5}},{"id":"e1ad4c11-2072-41be-abe4-4cf96457c9a2","block_type":"box","text":"Italy","page_number":3,"box":{"x":158,"y":308,"width":18,"height":7}},{"id":"29d4d4ee-829f-4d52-9f4f-c3c0ebb3c0a8","block_type":"box","text":"5.5","page_number":3,"box":{"x":438,"y":308,"width":12,"height":5}},{"id":"0b1f4881-03f9-48ef-8857-428e47b20f06","block_type":"box","text":"Spain","page_number":3,"box":{"x":506,"y":264,"width":23,"height":7}},{"id":"77d0e32b-2da9-4301-a225-47488e9dee70","block_type":"box","text":"5.4","page_number":3,"box":{"x":786,"y":264,"width":12,"height":5}},{"id":"a2cdcb64-8b85-48cf-9240-0c1c18754b7b","block_type":"box","text":"%","page_number":3,"box":{"x":799,"y":264,"width":8,"height":5}},{"id":"6252165a-0faf-4794-9192-a7dd34e5c871","block_type":"box","text":"Netherlands","page_number":3,"box":{"x":506,"y":275,"width":52,"height":5}},{"id":"3d5a5d6e-1a05-4106-b2c8-a44cee1ff79c","block_type":"box","text":"5.0","page_number":3,"box":{"x":786,"y":275,"width":12,"height":5}},{"id":"b1b0ce1c-44f9-4f38-a79b-148d30aca304","block_type":"box","text":"Sweden","page_number":3,"box":{"x":506,"y":286,"width":33,"height":5}},{"id":"cca79d63-6339-4490-bc24-bdf314bf601f","block_type":"box","text":"2.6","page_number":3,"box":{"x":786,"y":286,"width":12,"height":5}},{"id":"bef68cf4-1770-43a6-a10e-d1a16ac10b92","block_type":"box","text":"Belgium","page_number":3,"box":{"x":506,"y":297,"width":33,"height":7}},{"id":"a3cf5d99-2b4c-426f-9f44-6cae898e3759","block_type":"box","text":"2.2","page_number":3,"box":{"x":786,"y":297,"width":12,"height":5}},{"id":"ab952bf7-ae5c-4a67-a0ed-bd5456f97975","block_type":"box","text":"Japan","page_number":3,"box":{"x":505,"y":308,"width":26,"height":7}},{"id":"3ed840b5-e1a9-438e-b5f7-c81d2a37c3b4","block_type":"box","text":"2.1","page_number":3,"box":{"x":786,"y":308,"width":12,"height":5}},{"id":"efd00626-9ffe-4c26-b26e-34a55e737c6d","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":340,"width":240,"height":8}},{"id":"8db47154-f594-474a-8262-b5cd5fe8618d","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":160,"y":362,"width":55,"height":5}},{"id":"32800236-135d-41fb-8d28-0aaf6d64085c","block_type":"box","text":"0.0","page_number":3,"box":{"x":437,"y":362,"width":13,"height":5}},{"id":"5f5a027c-d19a-4195-a2d0-fc332c0dfe8a","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":362,"width":7,"height":5}},{"id":"f4ea3308-8143-4576-ad05-b2213fef90a8","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":160,"y":373,"width":45,"height":5}},{"id":"45024691-53a1-45e3-9c2a-89639598cbc0","block_type":"box","text":"50.3","page_number":3,"box":{"x":431,"y":373,"width":18,"height":5}},{"id":"843795cc-aa5a-4988-b403-e288e0f33299","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":160,"y":384,"width":50,"height":5}},{"id":"36494d7a-5ac8-4dd1-82e0-fc74633a7fa3","block_type":"box","text":"36.9","page_number":3,"box":{"x":431,"y":384,"width":19,"height":5}},{"id":"8f4ea617-381d-4061-829d-65909a290aac","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":160,"y":395,"width":56,"height":5}},{"id":"2620e897-8ca9-403c-8c7c-12fdc4c95dc9","block_type":"box","text":"6.3","page_number":3,"box":{"x":437,"y":395,"width":12,"height":5}},{"id":"93b120b4-a8ab-45b6-9938-747206d47313","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":160,"y":406,"width":56,"height":5}},{"id":"b5a5657f-1905-4956-bfad-5ad21db1d0ba","block_type":"box","text":"2.0","page_number":3,"box":{"x":437,"y":406,"width":13,"height":5}},{"id":"ca965c1b-8716-4bb1-9e96-4b529a01178e","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":508,"y":362,"width":56,"height":5}},{"id":"dc129198-2db3-4dd0-95d0-7b9df9f11acc","block_type":"box","text":"1.0","page_number":3,"box":{"x":783,"y":362,"width":12,"height":5}},{"id":"708e3ff2-51f4-4091-b958-428fff29b2fb","block_type":"box","text":"%","page_number":3,"box":{"x":796,"y":362,"width":8,"height":5}},{"id":"043e858b-da18-45de-8833-1c349b626d40","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":508,"y":373,"width":59,"height":5}},{"id":"92454886-6cd9-4f06-a9bc-d886335c011a","block_type":"box","text":"3.5","page_number":3,"box":{"x":783,"y":373,"width":12,"height":5}},{"id":"db17a772-211c-4662-8e73-2486a3f87306","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":439,"width":229,"height":8}},{"id":"2a67d441-635d-4818-82aa-682a0df78795","block_type":"box","text":"AAA","page_number":3,"box":{"x":159,"y":463,"width":19,"height":5}},{"id":"44b75356-b915-4c77-9f18-2fc1b82b1650","block_type":"box","text":"0.3","page_number":3,"box":{"x":437,"y":463,"width":12,"height":5}},{"id":"f7d4ecd1-7ff5-499d-8236-9ebf01953051","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":463,"width":7,"height":5}},{"id":"0cccfc7b-1e76-4059-95e2-adb112456968","block_type":"box","text":"AA","page_number":3,"box":{"x":159,"y":474,"width":13,"height":5}},{"id":"31fbea36-c350-4ce4-95df-a7c301f08222","block_type":"box","text":"7.6","page_number":3,"box":{"x":437,"y":474,"width":13,"height":5}},{"id":"6cde1466-2672-4bb5-9086-2f83fdf56d34","block_type":"box","text":"A","page_number":3,"box":{"x":159,"y":485,"width":6,"height":5}},{"id":"2bbd9356-ee00-4419-8469-7e9f5ea818e1","block_type":"box","text":"43.4","page_number":3,"box":{"x":431,"y":485,"width":19,"height":5}},{"id":"fc0a8ab8-6ac3-4231-af01-f9ee1110e5ca","block_type":"box","text":"BBB","page_number":3,"box":{"x":160,"y":496,"width":17,"height":5}},{"id":"445e4607-659a-4dd2-b61a-e2f99d0847ea","block_type":"box","text":"48.7","page_number":3,"box":{"x":431,"y":496,"width":18,"height":5}},{"id":"9653fe39-e7bf-497d-ac1e-0761b4138601","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":160,"y":507,"width":43,"height":5}},{"id":"c2f2921c-840f-4e67-8b89-c275ddae0f91","block_type":"box","text":"0.0","page_number":3,"box":{"x":437,"y":507,"width":13,"height":5}},{"id":"145ac5bb-334e-4532-bf81-43f3757e8c7e","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":"5567242c-e1f6-4e0a-82a4-25592dddcc28","block_type":"box","text":"& Poor’s.","page_number":3,"box":{"x":782,"y":529,"width":43,"height":6}},{"id":"766497b6-0254-40b5-9219-82183e5b6d9d","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":"35227f1d-e1d2-4b31-89f2-686aca1a1128","block_type":"box","text":"s used.","page_number":3,"box":{"x":782,"y":539,"width":33,"height":6}},{"id":"fd3a284d-ad08-4b78-b783-7efd1439a1d8","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":"1441b6df-3d20-40e4-a391-5ea8627083e2","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":582,"width":186,"height":8}},{"id":"0ea7bcbf-ccbd-4fc7-a27f-4d228306c1c2","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":160,"y":605,"width":96,"height":7}},{"id":"1447170a-2d02-4bdb-8d5e-08b2c84ecba7","block_type":"box","text":"49.1","page_number":3,"box":{"x":431,"y":605,"width":19,"height":5}},{"id":"f5b3c324-7c2d-4990-a5d4-c0bc100fd837","block_type":"box","text":"%","page_number":3,"box":{"x":451,"y":605,"width":7,"height":5}},{"id":"ceddc6b2-854e-4f66-a795-647f74973ab8","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":160,"y":617,"width":139,"height":7}},{"id":"ab60eaa8-28fd-445f-a58e-d1bddec54688","block_type":"box","text":"42.4","page_number":3,"box":{"x":431,"y":617,"width":19,"height":5}},{"id":"6786f5f5-f1df-4173-bab1-e94afd259c70","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":160,"y":629,"width":83,"height":7}},{"id":"49b5294e-a83e-4a7c-9f9d-82257db943b5","block_type":"box","text":"8.4","page_number":3,"box":{"x":437,"y":629,"width":13,"height":5}},{"id":"cdd3a679-7ff5-4ba7-a72c-411bb2d1a45b","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":"e8e25b0e-1e71-49eb-9d25-af4936aa6fd9","block_type":"box","text":"in","page_number":3,"box":{"x":790,"y":674,"width":8,"height":6}},{"id":"1cfd085e-8608-4b1d-b349-ffb1f11a84e9","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":"65b9cdef-f6ef-4b45-a671-5fb4a22411c0","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":"cb228ec3-f7db-4389-8bf6-a91cfe8505cd","block_type":"box","text":"reasury","page_number":3,"box":{"x":777,"y":697,"width":37,"height":5}},{"id":"7305a675-49ba-4020-8376-eacde0a540f5","block_type":"box","text":"bonds) and derivative instruments.","page_number":3,"box":{"x":39,"y":705,"width":173,"height":8}},{"id":"c1944a5b-8674-4be5-bfb0-d7e00472f7f4","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":737,"width":90,"height":8}},{"id":"b9b5b0f4-c066-4846-9d7e-0a6173d6d562","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":"f76f1f4c-922d-4c7d-874f-c47a4b41569c","block_type":"box","text":"Glossary for ETF attributes","page_number":3,"box":{"x":39,"y":765,"width":154,"height":8}},{"id":"74694a8b-e9fc-40da-abf8-f23bcfc5503d","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":"110ae980-694a-433b-b0d8-c513185d46c1","block_type":"box","text":"ket or index average. These","page_number":3,"box":{"x":779,"y":780,"width":135,"height":7}},{"id":"84be9ca2-3d97-4fcf-a28d-4735389eb332","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":"1e8e3464-25bd-4757-ac57-87e7bc5b7718","block_type":"box","text":"hose of the fund’s benchmark","page_number":3,"box":{"x":793,"y":789,"width":148,"height":6}},{"id":"195ca1ca-b2bf-4884-9738-637615f5beaf","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":"cfe8174e-29b1-40bf-966b-7d0e510844e9","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":813,"width":82,"height":7}},{"id":"9b456b85-073b-4cd1-8e54-ccdeeb93e166","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":"89af109a-9b9c-4f72-b546-88be25a255c2","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":826,"width":91,"height":8}},{"id":"6ec485c8-85e7-42ff-a68f-d7395b2981c5","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":"751a6bb5-11fa-42db-bde0-7929739247b2","block_type":"box","text":"hat the issuer may","page_number":3,"box":{"x":852,"y":826,"width":92,"height":8}},{"id":"8a8ac8ec-f080-4180-948f-862ebda532e6","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":"2c9f807c-4b7b-46fd-91b9-2e307eda816c","block_type":"box","text":"ontracts held. In general, the longer","page_number":3,"box":{"x":764,"y":835,"width":177,"height":8}},{"id":"b9175558-965b-4473-bedc-b1795467d14d","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":"b8b40e4e-ff3f-4c6e-8f41-ff438da17233","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":859,"width":81,"height":7}},{"id":"862a7f23-3272-4109-9c84-76d08392ed71","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":"23cef6cb-b426-4627-8e82-9dba2fac0eb5","block_type":"box","text":"e agencies make their","page_number":3,"box":{"x":818,"y":859,"width":108,"height":7}},{"id":"93095e72-0b47-41e4-8345-c74a79f56f47","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":"dfd4b085-af10-4792-9323-cd98da9c8589","block_type":"box","text":"hy bond issuers.","page_number":3,"box":{"x":762,"y":868,"width":77,"height":8}},{"id":"b6654d5e-cdc8-460d-9fc9-dec1dd825fd3","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":882,"width":88,"height":7}},{"id":"d5021dff-a5c5-4860-b1e7-41f52b329f7e","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":"a8b8ee57-58e1-4c2f-8996-402927613721","block_type":"box","text":"change,","page_number":3,"box":{"x":869,"y":882,"width":37,"height":7}},{"id":"6866b896-463e-4179-9512-b986165c8961","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":"7b873e54-e3a7-4a63-bef5-0338141bfd89","block_type":"box","text":"uration of five years would decline","page_number":3,"box":{"x":772,"y":891,"width":169,"height":8}},{"id":"d4d0e320-6010-48f6-88e3-b9b5e508bdfb","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":"b38160f4-f0b8-402c-8d36-ddcbfe3988c3","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":914,"width":72,"height":6}},{"id":"06d8cf01-7f30-4ef6-8aa7-6063a85eae4a","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":"56cbedae-4d91-494b-98c0-e39fc5d8e2e0","block_type":"box","text":"Vanguard EUR Corporate Bond UCITS ETF","page_number":4,"box":{"x":38,"y":34,"width":612,"height":19}},{"id":"c10441ff-e4ba-46bb-8d98-9b53f225ac76","block_type":"box","text":"(EUR) Distributing - An exchange-traded fund","page_number":4,"box":{"x":39,"y":60,"width":392,"height":13}},{"id":"b5087673-81da-4a9a-836f-e6244206650f","block_type":"box","text":"9659EN_092026","page_number":4,"box":{"x":895,"y":972,"width":71,"height":6}},{"id":"dfe68620-9d01-4f5e-be15-610a84fc93dd","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":"0eb26178-0343-45ee-b9c3-7adc8f3ec4a4","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":"6b6b34ed-be5c-4152-a87f-7985295d11ac","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":"bf0fbf7b-6b20-49b2-a55f-8acd91a637b6","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":321,"width":169,"height":8}},{"id":"1f4892ff-10b1-4007-b079-1be76aa863d0","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":"0b4a69fd-d746-46f6-a4c5-68904db1eca3","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":342,"width":30,"height":6}},{"id":"5c370d8a-7c15-466e-ae89-d98c92c8b3d5","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":342,"width":209,"height":8}},{"id":"240e2ff7-063f-4c02-9d84-372f516f9234","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":"7ce900fe-7fc0-44c9-8e89-ffe13e3f02b8","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":372,"width":114,"height":7}},{"id":"fbd04582-6906-4161-8153-2c74955319ce","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":389,"width":179,"height":8}},{"id":"4d5831ea-8cbf-4d24-ad1c-76bc4cc23d52","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":"c8aeb30a-f280-4d4f-85f7-d65c69b63631","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":"afbf339e-3784-45ca-aad1-38d72821310b","block_type":"box","text":"al investment decisions. The KIID","page_number":4,"box":{"x":785,"y":430,"width":162,"height":6}},{"id":"3b522515-c409-4d89-b51c-99e3b9e32d60","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":"7d9dd475-8e3f-49c1-83cf-8c1253240a71","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":"d99a1488-0bc4-42ec-9090-fcf486e15a45","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":"49c7950f-0f78-4e1f-8f04-69902d0e001c","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":467,"width":161,"height":6}},{"id":"b04716e4-fe7f-4712-b94a-38403549cc69","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":"23e46659-dab1-4697-baf6-c30f4dc90d76","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":"44728936-6c09-4578-8542-b48fbf5aab91","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":"654ff165-f440-4b31-a96c-9b7a38000779","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":486,"width":160,"height":7}},{"id":"73b23f96-1135-4147-8306-e306916338dd","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":"176773ff-0d13-48f2-967e-0cd4785199c1","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":"606ac47c-8131-45c1-a987-e22cfb330bad","block_type":"box","text":"countries and the UK. Prospective","page_number":4,"box":{"x":761,"y":509,"width":168,"height":8}},{"id":"03dd0772-c48a-41bf-b3dc-2bd5707149c3","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":"100738ef-20f4-43b7-9f93-dee444f6da91","block_type":"box","text":"rs on the implications of making an","page_number":4,"box":{"x":781,"y":518,"width":173,"height":8}},{"id":"3615df12-449e-4c45-97dc-83c53274df4f","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":"904cba51-1535-4bdc-8f2c-869809138cbf","block_type":"box","text":"s in which they are liable to","page_number":4,"box":{"x":780,"y":528,"width":134,"height":7}},{"id":"a74fac91-28a0-43fb-94e9-896dc0d11664","block_type":"box","text":"taxation.","page_number":4,"box":{"x":38,"y":537,"width":45,"height":6}},{"id":"d32e2360-07e0-408e-9f96-040e8a342c56","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":"4cdcf109-41f7-48c2-9ba3-396c379d6e04","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":"db0d3b0c-3f87-483a-a124-8c1911cc32bd","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":"452b5251-40c8-414f-ade1-8b8941fcce86","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":"46fd8ece-7994-455e-825b-abd6785945ab","block_type":"box","text":"ccordance with the UCITS","page_number":4,"box":{"x":813,"y":588,"width":129,"height":6}},{"id":"04d4b4fb-0e93-4446-bcff-cd951662af9a","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":"6bdfc708-96ac-4ef7-b03b-18bb0a1fdc90","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":"39128c69-c79a-46c4-ad50-4521e6a30b29","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":"87f956d2-534b-47ee-8890-7a4de1e14bc6","block_type":"box","text":"rman, French, Spanish,","page_number":4,"box":{"x":831,"y":620,"width":112,"height":8}},{"id":"98b1b2b1-f374-42a7-84d5-f759b66152a5","block_type":"box","text":"Dutch and Italian.","page_number":4,"box":{"x":39,"y":630,"width":88,"height":6}},{"id":"f3384983-3bb0-4938-af8e-df060797ad5e","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":"97021271-2088-41f8-898d-bb3afeaf5cd5","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":657,"width":143,"height":7}},{"id":"dceb2f18-6d3e-41df-b4ff-f96a4ef9aeae","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":"7648e196-a6f2-4dba-b51a-8a130d7ffd9a","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":"8b54b920-5027-4e47-9230-805a4670c56f","block_type":"box","text":"lied, to the owners or purchasers","page_number":4,"box":{"x":787,"y":680,"width":161,"height":8}},{"id":"7eca7c5f-aab5-4cee-a26e-01e43f7431e7","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":"b1d61e59-dfff-4131-8bba-ca3eec356211","block_type":"box","text":"lity of the Bloomberg Indices to track","page_number":4,"box":{"x":762,"y":689,"width":184,"height":8}},{"id":"c42d26b2-dee4-4ed2-b8d4-6d0a53a86bcc","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":"f8900006-4179-4c60-bbb5-35a3e148d543","block_type":"box","text":"rg’s only relationship to","page_number":4,"box":{"x":793,"y":699,"width":115,"height":7}},{"id":"e102259f-5312-4860-9b7b-86b43712bb96","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":"c9b12bf1-3d99-4b9f-aedb-1444208c7a1a","block_type":"box","text":"or the products or any","page_number":4,"box":{"x":819,"y":708,"width":110,"height":8}},{"id":"e4cf0455-f995-4f70-8606-5ec6da0bbcd4","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":"fa3675ce-0eb3-450e-83d7-9469baee195f","block_type":"box","text":"n determining, composing or","page_number":4,"box":{"x":795,"y":718,"width":141,"height":7}},{"id":"ac67802c-8818-4df7-a8b9-bc17ca9175cc","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":"52bbdf9b-c8b3-40ac-b5ac-697cdb4cc67b","block_type":"box","text":"r quantities of the products to be","page_number":4,"box":{"x":778,"y":727,"width":164,"height":8}},{"id":"cf3b9165-c084-42a2-8459-07e093d5dc8e","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":"f5abfc9f-2c2b-4825-885b-af4d0bf52427","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":"9572b7c0-7e88-4809-817e-ff9b95680ea5","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":"8d5b70e1-7154-4119-9f31-efe51ba6ea5f","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":765,"width":98,"height":6}},{"id":"e779fc35-1370-48ac-97cc-7f047f3581f6","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":90,"width":156,"height":6}},{"id":"99833d02-f528-4fef-90b7-672ba1d961a5","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":"dfd3cfd8-37ca-42a1-b4f9-b42e2701db72","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":"91faf137-73ec-48cf-9fe2-6b045a556d32","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":"f6c2b529-96fb-420d-97ea-ff9f3face76e","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":131,"width":124,"height":8}},{"id":"d57c4082-ee99-445f-a51d-98d7948d4e2f","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":"d6efb274-76f8-4ac0-b395-dee79cb9cf8c","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":141,"width":141,"height":7}},{"id":"e4decbfe-f8e8-4acd-a704-c40ce174d1d0","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":"198111bd-23b9-4894-8caf-2faf20aea642","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":150,"width":118,"height":8}},{"id":"252c44b3-c809-4ebc-9e85-5b50034f8daa","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":160,"width":164,"height":7}},{"id":"ac1db8e8-72ae-454c-86ac-354ee54a0816","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":"03655226-5501-4692-9846-7e6bb5bd8d08","block_type":"box","text":"dered fully before","page_number":4,"box":{"x":792,"y":173,"width":87,"height":8}},{"id":"c7d19a77-0c2c-47d1-a79c-f5adadd740bd","block_type":"box","text":"investing.","page_number":4,"box":{"x":39,"y":183,"width":46,"height":7}},{"id":"45160d34-2de4-45a7-ad09-d1512bed057f","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":"300310d5-f78b-4dbb-b177-bb9d002bebad","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":196,"width":112,"height":8}},{"id":"99a67420-8ea8-41c5-88af-0527eb0d79b5","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":"6b927c7b-3ffd-4173-87da-dd2d0859ec4f","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":206,"width":167,"height":7}},{"id":"c08e5cb3-b8ee-4c5b-9b2e-964aa94deb7d","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":215,"width":182,"height":8}},{"id":"6f9027af-28dd-4947-85e3-4ae688983a4d","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":"1d55d3ff-0d8e-4e13-abf2-f262d4bc3aa6","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":230,"width":11,"height":5}},{"id":"00b59c53-b29d-4774-9c19-b8e26d54d90c","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":"fad6cfe9-55cf-4dec-a8c5-4dbac24a903e"},"user_id":1000002,"date_created":"2026-10-15T22:23:25.631000Z","date_modified":"2026-10-15T22:23:25.631000Z","private":false}