{"annotation_id":"aaccc960-7e38-48bd-bed8-10169ce106be","file_hash":"41ebfcb1cf5603177479085a100e3bf6d77f3d4f6a1d26288080e6afc70ae6e5","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"217cbe73-1cb2-4375-ac02-d5ad91a56ff2","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"d2287c01-5e67-408a-b663-acbc8be72656","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"b6fa3db7-0883-4484-a6af-b5322f54c421","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"9905aed8-981b-4619-a765-07aa309fa8ef","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"7cd7e25e-6329-4cd8-9b3b-d2bc95d0a234","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"3edb25e4-bde1-4e3c-af45-3f7a6fef84e4","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"b04ef21a-7c34-4c9b-92c2-16a140ac7b7b","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"0965e51c-ea47-45cf-96d8-e07d64118af4","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"da8e5315-0f06-4c1c-be0c-f41cf1da7357","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"208695f3-b176-4910-aaee-9f211332688e","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"9c31e334-d835-42b8-8f1e-268ceee614ef","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"6678cebd-4892-4b66-a1f9-a4ab20aba286","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"8513c45b-e3d7-4f20-a668-47ce74ffa579","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"0413622f-8c84-49ec-8214-2a1b6d482d37","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"324711dc-58b8-421f-b4fb-b06889b234d4","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"b743a679-7672-49bf-b0d0-a60386bfd2d1","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"d1f18a35-84b1-420c-aaae-3f354c6bc583","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"5c09b3cb-cf2e-4609-b84e-b196901c6226","block_type":"box","text":"$100,000","page_number":1,"box":{"x":39,"y":344,"width":41,"height":7}},{"id":"02561203-f865-4c2e-8b01-9f71b8c535a1","block_type":"box","text":"IE0004Q0MM73","page_number":1,"box":{"x":142,"y":345,"width":69,"height":5}},{"id":"7fbec148-c109-43ef-aacf-3fc2f2fe9e4a","block_type":"box","text":"BSMSN42","page_number":1,"box":{"x":239,"y":345,"width":43,"height":5}},{"id":"181a4e0a-eb8f-4462-bb2b-309ad368c9f4","block_type":"box","text":"VAEMBIU","page_number":1,"box":{"x":305,"y":345,"width":41,"height":5}},{"id":"75f252a5-8245-4027-b9dc-c3fd5de9c79e","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"a09de754-6423-4834-acee-21dcf4243cfc","block_type":"box","text":"4","page_number":1,"box":{"x":489,"y":345,"width":5,"height":5}},{"id":"a160b68a-76c0-41b5-a0fb-c3dae57876cd","block_type":"box","text":"JPGCCOMP","page_number":1,"box":{"x":562,"y":345,"width":52,"height":5}},{"id":"dbb588bb-5f0d-4f1e-bc32-12853078cd33","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"3b66063e-36d3-4394-a18b-9f77c4d4fc96","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"c0aa5dbd-d98f-42eb-9d67-e827af4a12c2","block_type":"box","text":"Daily (12:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":98,"height":6}},{"id":"22c0f7b5-a492-412b-99ed-14d556b8c79b","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"89a2ceb7-4656-47c9-93ac-db7ecd9dea62","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"1ac5949d-1f60-4212-a3c8-cd73b6f13ab7","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"a7d2568d-c689-4ada-8669-6ac248e0c82c","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"2e25752e-a17c-48c9-91c8-0672689ecf9a","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":574,"height":20}},{"id":"8bd026db-9b6c-4a21-a20d-71e837dd24be","block_type":"box","text":"USD Distributing","page_number":1,"box":{"x":40,"y":198,"width":143,"height":13}},{"id":"0b793b98-8beb-42ef-bc3c-a21ff9f5ce3e","block_type":"box","text":"Inception date: 11 June 2024","page_number":1,"box":{"x":40,"y":215,"width":204,"height":10}},{"id":"5508af32-c395-4ca4-a228-58309958f101","block_type":"box","text":"Total assets (million) $2,574","page_number":1,"box":{"x":38,"y":231,"width":160,"height":8}},{"id":"76998b8c-ed81-4b81-81d9-60bbb9808dbb","block_type":"box","text":"|","page_number":1,"box":{"x":203,"y":232,"width":1,"height":7}},{"id":"5dcd7c9a-dc86-400a-aefa-5e987e06c66a","block_type":"box","text":"Share class assets (million) $9 as at 30 September 2026","page_number":1,"box":{"x":209,"y":231,"width":320,"height":9}},{"id":"0feb1096-2763-4ada-9a0c-f4650aa036ad","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"facd72b5-8306-46f7-9e7e-20b20c024b8e","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"2c8fecfc-2f3b-4b42-80fe-b731b1f487d2","block_type":"box","text":"0.60 %","page_number":1,"box":{"x":228,"y":433,"width":36,"height":6}},{"id":"d85b3190-d776-497e-bca9-5de102a0928f","block_type":"box","text":"†The Ongoing Charges Figure (OCF) covers administration, audit, depository, legal, registration and regulatory expenses incurred in respect of th","page_number":1,"box":{"x":39,"y":448,"width":721,"height":8}},{"id":"456d2bc3-a431-4ff9-a3f1-00e9aecc8052","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"2cf05af6-7ff4-43ca-a166-ce631d55a28e","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"656b410c-f6fb-45fb-8c42-d3f8a59c6d28","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"5f3c1b64-3147-4d0f-a912-d484be3117c6","block_type":"box","text":"The Fund seeks to provide total return while generating a moderate level of income by investing primarily in bonds of issuers in emerging market count","page_number":1,"box":{"x":51,"y":483,"width":750,"height":8}},{"id":"90fc4618-bf79-452f-a72d-6c6d5e71e2d1","block_type":"box","text":"ries.","page_number":1,"box":{"x":802,"y":484,"width":19,"height":5}},{"id":"8bd98b25-a8e3-4820-b679-46a4c8b2efcb","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":498,"width":3,"height":2}},{"id":"3e27f71f-8918-4c81-bb46-edf31f8b636d","block_type":"box","text":"The Fund employs an “active management” strategy, and while the Fund will invest in components of the J.P. Morgan EMBI Global Diversified Index","page_number":1,"box":{"x":51,"y":496,"width":736,"height":7}},{"id":"79824f0d-fdd5-4bd8-aeb3-c617bbdcd61e","block_type":"box","text":"(the “Index”), its investment","page_number":1,"box":{"x":791,"y":496,"width":140,"height":7}},{"id":"506a2dc6-98b9-4a69-a92d-c68e34c3933b","block_type":"box","text":"manager will follow distinct approaches in managing the Fund’s assets.","page_number":1,"box":{"x":51,"y":506,"width":356,"height":8}},{"id":"5362717c-13bd-4892-ba54-a0877b378a9f","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":521,"width":3,"height":2}},{"id":"aecf6824-d2da-48ca-aa05-40580822c97e","block_type":"box","text":"The Fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the Fund will invest at least 80","page_number":1,"box":{"x":51,"y":518,"width":728,"height":8}},{"id":"b86d2717-196d-4768-b144-638878617478","block_type":"box","text":"% of its assets in fixed income","page_number":1,"box":{"x":781,"y":518,"width":149,"height":7}},{"id":"39880b55-e9e3-4597-8c86-239fed67c457","block_type":"box","text":"securities of issuers that are tied economically to emerging market countries. The Fund seeks to have a majority of its assets denominated in or hedge","page_number":1,"box":{"x":51,"y":529,"width":748,"height":8}},{"id":"c9fd754e-3bc5-4c6c-bd6b-be715827833d","block_type":"box","text":"d back to the U.S. dollar but has","page_number":1,"box":{"x":800,"y":529,"width":159,"height":6}},{"id":"0ae0196d-62fe-4541-b470-9e306ecde3f5","block_type":"box","text":"the ability to invest in bonds denominated in a local currency on an unhedged basis. Emerging market bonds include sovereign debt securities, which in","page_number":1,"box":{"x":51,"y":540,"width":747,"height":7}},{"id":"43df2f02-2969-4de2-81c2-ecf78556132e","block_type":"box","text":"clude fixed income securities","page_number":1,"box":{"x":799,"y":540,"width":142,"height":6}},{"id":"7fce877d-e01f-498f-b485-40ca24898c66","block_type":"box","text":"that are issued or guaranteed by foreign governments or their agencies, authorities, political subdivisions or instrumentalities, or other supranation","page_number":1,"box":{"x":51,"y":550,"width":733,"height":8}},{"id":"0de24ba9-80ee-45eb-8839-07ff0a29bdf4","block_type":"box","text":"al agencies, as well as debt","page_number":1,"box":{"x":785,"y":550,"width":134,"height":8}},{"id":"5b57620f-6eee-40ec-962a-e05ea79e8357","block_type":"box","text":"securities issued or guaranteed by foreign corporations and foreign financial institutions.","page_number":1,"box":{"x":51,"y":561,"width":442,"height":7}},{"id":"c2016dc6-4c2f-40bc-88a0-b0f342f01875","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":575,"width":3,"height":2}},{"id":"c42a9413-9721-4855-be17-41f910874863","block_type":"box","text":"The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security sel","page_number":1,"box":{"x":51,"y":573,"width":730,"height":8}},{"id":"11379565-445b-4c6a-8f5a-8542364790de","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":573,"width":152,"height":6}},{"id":"2c4979c4-74c9-4076-bb21-f828c1277dce","block_type":"box","text":"basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the I","page_number":1,"box":{"x":51,"y":583,"width":752,"height":8}},{"id":"26577c47-3895-49a9-be07-8c521353fa58","block_type":"box","text":"ndex may be restricted by","page_number":1,"box":{"x":805,"y":583,"width":128,"height":8}},{"id":"61d6bbee-86eb-433f-b2de-c821c4c1999b","block_type":"box","text":"constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of","page_number":1,"box":{"x":51,"y":594,"width":743,"height":8}},{"id":"5c492e61-eca1-4014-a977-a98c752172eb","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":594,"width":160,"height":8}},{"id":"3e3cd8d5-6519-40d3-922e-5076cdf3b3d0","block_type":"box","text":"change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.","page_number":1,"box":{"x":51,"y":605,"width":607,"height":7}},{"id":"21a251fb-48a9-4998-8cfa-891bd1347498","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":626,"width":133,"height":9}},{"id":"5ca2ac37-5c06-4992-91ba-f060cf444b83","block_type":"box","text":"Vanguard Global Advisers, LLC","page_number":1,"box":{"x":38,"y":645,"width":154,"height":8}},{"id":"5c7e93a7-a289-412e-a1f2-ce70da97c892","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"13dcdfee-b183-4e0b-9598-d98918d7f5d3","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"99703d9d-5b7a-401d-a5e2-a1ff01a7e14d","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":1,"box":{"x":41,"y":975,"width":658,"height":8}},{"id":"dc133bbb-ba68-451d-8297-fd3195146b93","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":2,"box":{"x":38,"y":31,"width":574,"height":21}},{"id":"d920e117-304e-419f-a245-b3103cdd3b19","block_type":"box","text":"USD Distributing","page_number":2,"box":{"x":40,"y":57,"width":143,"height":13}},{"id":"b04a7b0a-7654-4774-b096-a9153372512d","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"8a3de5eb-ed08-4b1d-965e-6bf9296c0c1c","block_type":"box","text":"USD","page_number":2,"box":{"x":39,"y":142,"width":21,"height":6}},{"id":"66765b5a-d9f7-45b9-a1d2-be4176272a6c","block_type":"box","text":"—","page_number":2,"box":{"x":61,"y":145,"width":8,"height":1}},{"id":"d1651142-d47c-4c55-bed2-94ee727f5b41","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":2,"box":{"x":69,"y":142,"width":200,"height":8}},{"id":"6c145bff-8fc3-435a-bea9-e94c7d04c86f","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"cbbc214d-a84b-4978-b587-1f837ff36d8e","block_type":"box","text":"— J.P. Morgan EMBI Global Diversified Index","page_number":2,"box":{"x":98,"y":153,"width":220,"height":7}},{"id":"05c06a56-e05a-4e71-ac0a-9b03da75de30","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":593,"width":7,"height":1}},{"id":"76c180e2-bd25-42ca-b518-e21591918edc","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":593,"width":7,"height":1}},{"id":"b7e02953-5c7d-4570-84ba-1e5b929b0dfb","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":593,"width":7,"height":1}},{"id":"c79dbc87-d6fb-48c8-961f-93f5a84025f4","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":593,"width":7,"height":1}},{"id":"129994fb-0c68-472e-9fc5-0953b20c36cc","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":593,"width":6,"height":1}},{"id":"fd0bba87-264f-4548-b01f-09f050c3b096","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":593,"width":7,"height":1}},{"id":"ba430b0b-7354-414e-aaad-c165ee2a357f","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":593,"width":6,"height":1}},{"id":"2dc2ddbb-f6a6-4612-8ad1-63749af81c04","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":593,"width":7,"height":1}},{"id":"8deb7a0f-1062-4928-9cd6-8a11fbc94748","block_type":"box","text":"01 Oct 2024","page_number":2,"box":{"x":816,"y":573,"width":53,"height":5}},{"id":"be9ae0cf-e30e-486c-bbc6-a07b9fe02074","block_type":"box","text":"-","page_number":2,"box":{"x":843,"y":585,"width":2,"height":0}},{"id":"2245ae92-ff1c-40a4-8fe2-18d4155501a5","block_type":"box","text":"30 Sep 2025","page_number":2,"box":{"x":816,"y":590,"width":53,"height":7}},{"id":"9630e88e-c31a-4247-98f4-bd26dc085c9b","block_type":"box","text":"01 Oct 2025","page_number":2,"box":{"x":894,"y":573,"width":53,"height":5}},{"id":"696b3d27-66cf-4dc4-a369-ea96df6d6c6c","block_type":"box","text":"-","page_number":2,"box":{"x":920,"y":585,"width":3,"height":0}},{"id":"2f663a18-cdc0-45a2-908d-465b1755efe6","block_type":"box","text":"30 Sep 2026","page_number":2,"box":{"x":894,"y":590,"width":53,"height":7}},{"id":"ca3341ee-73ce-4b86-ba9a-a7ba168d0e8a","block_type":"box","text":"Fund","page_number":2,"box":{"x":63,"y":606,"width":20,"height":6}},{"id":"a825bb33-55ef-45d2-86a2-a913d4c73e7a","block_type":"box","text":"(Net of expenses)","page_number":2,"box":{"x":87,"y":607,"width":62,"height":6}},{"id":"abd55b47-f873-48d1-888e-4c6bd5d6dfa3","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":611,"width":7,"height":0}},{"id":"640750d6-7639-4741-999b-60fdd39dcc50","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":611,"width":7,"height":0}},{"id":"6359aa2d-bdf1-47f7-861a-69acdfe3c65e","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":611,"width":7,"height":0}},{"id":"13b2c12c-82de-4c10-8f0d-3b1b23ba8c16","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":611,"width":7,"height":0}},{"id":"470e1db6-2c9d-40d2-b993-51ccd8e881f9","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":611,"width":6,"height":0}},{"id":"9df3b329-5a9a-4cd7-a86c-a8f2991d3242","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":611,"width":7,"height":0}},{"id":"7fad7a1d-2b97-4684-870e-5ae0b6c174fa","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":611,"width":6,"height":0}},{"id":"415adb38-6001-49df-9339-0a9f8b7d400d","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":611,"width":7,"height":0}},{"id":"ac866b37-4c23-4752-bf47-efbb76c73c65","block_type":"box","text":"8.36%","page_number":2,"box":{"x":829,"y":608,"width":27,"height":5}},{"id":"89da2ea2-7d85-4d19-b058-249eb733b435","block_type":"box","text":"2.41%","page_number":2,"box":{"x":907,"y":608,"width":27,"height":5}},{"id":"13eb1266-2c89-4ea6-8083-9caae996efba","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":63,"y":623,"width":48,"height":5}},{"id":"62bcfb6f-0fb9-46e3-9ea2-837d88477b2b","block_type":"box","text":"—","page_number":2,"box":{"x":220,"y":628,"width":7,"height":0}},{"id":"a20304f4-29cc-4478-acc0-a6a697e0bdba","block_type":"box","text":"—","page_number":2,"box":{"x":297,"y":628,"width":7,"height":0}},{"id":"7950bdcc-5cde-4600-818b-c5df52f5ea33","block_type":"box","text":"—","page_number":2,"box":{"x":375,"y":628,"width":7,"height":0}},{"id":"061487b9-68d2-4a03-8d22-7433db3af536","block_type":"box","text":"—","page_number":2,"box":{"x":452,"y":628,"width":7,"height":0}},{"id":"49ee35d1-4648-45e5-a3d3-3b7ad4f950ed","block_type":"box","text":"—","page_number":2,"box":{"x":530,"y":628,"width":6,"height":0}},{"id":"6c7be2ee-d466-4303-9eec-33de161b8b29","block_type":"box","text":"—","page_number":2,"box":{"x":607,"y":628,"width":7,"height":0}},{"id":"c55deb10-dfdc-431f-97d1-348438960009","block_type":"box","text":"—","page_number":2,"box":{"x":685,"y":628,"width":6,"height":0}},{"id":"c701dc91-2a15-429e-ba16-155e66ab73b6","block_type":"box","text":"—","page_number":2,"box":{"x":762,"y":628,"width":7,"height":0}},{"id":"328ca700-2ef0-4272-b6e9-217079764048","block_type":"box","text":"8.52%","page_number":2,"box":{"x":829,"y":625,"width":27,"height":5}},{"id":"57788a57-1b11-45f8-9a43-cf030749f402","block_type":"box","text":"2.59%","page_number":2,"box":{"x":907,"y":625,"width":27,"height":5}},{"id":"2fec1b0d-eac8-42b1-8815-7bc51feec8d1","block_type":"box","text":"Annualised performance**","page_number":2,"box":{"x":38,"y":196,"width":148,"height":8}},{"id":"0e3c4bfa-d61e-4a27-8625-2b90ee2577ca","block_type":"box","text":"1 month","page_number":2,"box":{"x":281,"y":196,"width":41,"height":6}},{"id":"45a73ff7-e5ea-41e6-a2cf-bd70e9a5e91e","block_type":"box","text":"Quarter","page_number":2,"box":{"x":374,"y":196,"width":39,"height":6}},{"id":"f7104be5-2837-4c38-8bb5-bbcfae639390","block_type":"box","text":"Year to","page_number":2,"box":{"x":468,"y":186,"width":36,"height":6}},{"id":"607c9284-e429-48dd-9486-3c36239b7d7b","block_type":"box","text":"date","page_number":2,"box":{"x":482,"y":196,"width":22,"height":6}},{"id":"e677bafe-a514-4bc0-a5cd-a380ac5b1c04","block_type":"box","text":"1 year","page_number":2,"box":{"x":552,"y":196,"width":30,"height":8}},{"id":"ff6c1376-0e61-44ba-b014-95c89ae32e66","block_type":"box","text":"3 years","page_number":2,"box":{"x":627,"y":196,"width":35,"height":8}},{"id":"63c2c931-0de4-4a56-9434-e099ab725a1e","block_type":"box","text":"5 years","page_number":2,"box":{"x":724,"y":196,"width":36,"height":8}},{"id":"7c34daf4-8a1e-4cfd-be9b-2abdca647068","block_type":"box","text":"10 years","page_number":2,"box":{"x":813,"y":196,"width":41,"height":8}},{"id":"3791773a-33a8-4ab3-8e13-b404d351bce3","block_type":"box","text":"Since","page_number":2,"box":{"x":926,"y":186,"width":26,"height":6}},{"id":"3b87eb80-05f7-4e52-a999-771e931454ba","block_type":"box","text":"inception","page_number":2,"box":{"x":907,"y":196,"width":44,"height":8}},{"id":"d8cfc682-b788-4ec2-b346-533f77536fef","block_type":"box","text":"Fund","page_number":2,"box":{"x":39,"y":214,"width":20,"height":5}},{"id":"fe87d279-c881-41b5-9a59-38646ab82817","block_type":"box","text":"(Net of expenses","page_number":2,"box":{"x":63,"y":214,"width":59,"height":6}},{"id":"15df4b3f-1673-4204-9e89-a879f292f5bd","block_type":"box","text":")","page_number":2,"box":{"x":123,"y":214,"width":3,"height":6}},{"id":"c1e4842b-b0cf-415f-9e56-51a3c20f1c7a","block_type":"box","text":"-3.53%","page_number":2,"box":{"x":291,"y":214,"width":30,"height":5}},{"id":"0b7068fd-2c38-4018-98d4-f1b43429bd7b","block_type":"box","text":"-4.31%","page_number":2,"box":{"x":382,"y":214,"width":31,"height":5}},{"id":"40ab9574-0f23-4dd1-b72b-79a14063d258","block_type":"box","text":"-0.52%","page_number":2,"box":{"x":474,"y":214,"width":30,"height":5}},{"id":"56273419-856c-4a66-b519-9649b59ca6e0","block_type":"box","text":"2.41%","page_number":2,"box":{"x":555,"y":214,"width":26,"height":5}},{"id":"286d25ae-7a52-452a-aa31-6b0a61ea9f91","block_type":"box","text":"—","page_number":2,"box":{"x":656,"y":217,"width":6,"height":0}},{"id":"07742a99-0f4d-43d2-a4e5-b3879393ffbd","block_type":"box","text":"—","page_number":2,"box":{"x":753,"y":217,"width":7,"height":0}},{"id":"2fcd72b3-9551-4f97-8eab-127db4bbc010","block_type":"box","text":"—","page_number":2,"box":{"x":848,"y":217,"width":6,"height":0}},{"id":"03ae89a7-343f-473a-a547-d7fa9dfe62ac","block_type":"box","text":"7.72%","page_number":2,"box":{"x":925,"y":214,"width":27,"height":5}},{"id":"115423f4-bd74-4436-a424-497963faecbf","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":230,"width":48,"height":6}},{"id":"4f84b195-7497-4f37-a54f-4da912b04d47","block_type":"box","text":"-3.34%","page_number":2,"box":{"x":291,"y":229,"width":30,"height":5}},{"id":"4dfb6c9a-f6c9-4be6-a5aa-5fba6a8a2a1c","block_type":"box","text":"-3.86%","page_number":2,"box":{"x":382,"y":229,"width":31,"height":5}},{"id":"f4908c69-bcbd-4a16-a6bb-e0461298ea8e","block_type":"box","text":"-0.67%","page_number":2,"box":{"x":474,"y":229,"width":30,"height":5}},{"id":"5bfdf060-3379-4cd8-a45f-f88713c761a7","block_type":"box","text":"2.59%","page_number":2,"box":{"x":555,"y":229,"width":26,"height":5}},{"id":"497e0383-8ec4-4382-8cf8-55c2b5991920","block_type":"box","text":"9.71%","page_number":2,"box":{"x":635,"y":229,"width":27,"height":5}},{"id":"59aacd48-ee4c-4f52-a872-529d6c31c832","block_type":"box","text":"1.92%","page_number":2,"box":{"x":733,"y":229,"width":26,"height":5}},{"id":"fd542456-8076-4832-a9c6-6752608cd479","block_type":"box","text":"2.90%","page_number":2,"box":{"x":827,"y":229,"width":27,"height":5}},{"id":"b856facf-4232-4c03-a633-220226be5077","block_type":"box","text":"7.72%","page_number":2,"box":{"x":925,"y":229,"width":27,"height":5}},{"id":"b76b7a04-db07-4609-943d-724765a8b06f","block_type":"box","text":"**In this document the performance displayed for the Fund(s) and therefore relative performance to the benchmark index may be impacted by swing pric","page_number":2,"box":{"x":39,"y":246,"width":766,"height":7}},{"id":"24dcfa6d-f0db-4a31-911f-09e03d62e503","block_type":"box","text":"ing. The NAV of a Fund","page_number":2,"box":{"x":806,"y":246,"width":115,"height":7}},{"id":"dfabb5f8-69f0-4492-813a-a67c59d0c445","block_type":"box","text":"may swing according to subscription/redemption activity so that transaction costs caused by these cashflows are not borne by the existing holders in a","page_number":2,"box":{"x":39,"y":255,"width":754,"height":8}},{"id":"08d94d44-84bc-483a-b04c-c012b4e1327d","block_type":"box","text":"Fund. The benchmark","page_number":2,"box":{"x":798,"y":255,"width":109,"height":6}},{"id":"fef26ff9-a69e-4a5b-a768-63b8ad72e87b","block_type":"box","text":"index is not affected by swing pricing and therefore you may see tracking difference between the performance of the Fund and the benchmark.","page_number":2,"box":{"x":39,"y":264,"width":715,"height":8}},{"id":"3cd2ef04-8b5a-437e-85ea-cee71fb8db75","block_type":"box","text":"Performance and Data is calculated on closing NAV as at 30 September 2026.","page_number":2,"box":{"x":39,"y":278,"width":390,"height":8}},{"id":"dfc0acc7-de20-4a40-bed5-41c763c59d51","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":2,"box":{"x":39,"y":292,"width":307,"height":7}},{"id":"8bf9d093-0302-43df-9fc1-a34b7b036bfa","block_type":"box","text":"Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Performance figures include the","page_number":2,"box":{"x":39,"y":306,"width":736,"height":7}},{"id":"4b9e9e66-6e61-4335-8051-3eb04a752cb0","block_type":"box","text":"reinvestment of all dividends","page_number":2,"box":{"x":779,"y":306,"width":143,"height":6}},{"id":"c24bfce5-490a-45fa-8b36-a9cbad5ea38e","block_type":"box","text":"and any capital gains distributions. The performance data does not take account of the commissions and costs incurred in the issue and redemption of s","page_number":2,"box":{"x":39,"y":315,"width":759,"height":8}},{"id":"ef3336d4-beb8-40d2-b3ef-bb0779455616","block_type":"box","text":"hares. Basis of fund","page_number":2,"box":{"x":799,"y":315,"width":97,"height":6}},{"id":"13256bad-39f9-4f5f-9936-60f012a15ef9","block_type":"box","text":"performance is NAV to NAV. Basis of index performance is total return. All performance is calculated in USD, net of fees.","page_number":2,"box":{"x":39,"y":324,"width":604,"height":8}},{"id":"b7546e76-3abd-4606-a55d-7fa312eca4ab","block_type":"box","text":"Source: Vanguard","page_number":2,"box":{"x":39,"y":352,"width":88,"height":7}},{"id":"8d6de238-be35-400c-8c35-9013b1617fd8","block_type":"box","text":"Rolling 12-month performance","page_number":2,"box":{"x":39,"y":401,"width":167,"height":8}},{"id":"b98b64e7-92b6-4a00-b800-714767f1edf8","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":2,"box":{"x":38,"y":965,"width":658,"height":8}},{"id":"5d2ad2a2-bb54-4d67-8d98-b1d3f7c1ee72","block_type":"box","text":"Key investment risks","page_number":2,"box":{"x":39,"y":667,"width":117,"height":8}},{"id":"f83282cb-5ab6-4c9c-a913-c89038852796","block_type":"box","text":"The value of bonds and fixed income-related securities is affected by influential factors such as interest rates, inflation, credit spreads and volati","page_number":2,"box":{"x":38,"y":682,"width":721,"height":8}},{"id":"1250b914-2a9b-48b9-aed8-18318dc0c3e8","block_type":"box","text":"lity which, in turn, are driven by","page_number":2,"box":{"x":761,"y":682,"width":154,"height":8}},{"id":"618a3f35-a280-4134-873a-296c56d02f92","block_type":"box","text":"other factors including political, economic news, company earnings and significant corporate events. Emerging markets are generally more sensitive to","page_number":2,"box":{"x":39,"y":692,"width":751,"height":7}},{"id":"d2318756-7655-41d2-b843-221d469e13c9","block_type":"box","text":"economic and political","page_number":2,"box":{"x":794,"y":692,"width":109,"height":7}},{"id":"f74bf51d-00c8-4a75-9b8b-4d80dfbd1212","block_type":"box","text":"conditions than developed markets. Other factors include greater ’Liquidity Risk’, restrictions on investment or transfer of assets and failed/d","page_number":2,"box":{"x":39,"y":701,"width":706,"height":8}},{"id":"525786f9-df62-421d-bad3-aeab754dc58e","block_type":"box","text":"elayed delivery of securities or","page_number":2,"box":{"x":747,"y":702,"width":149,"height":7}},{"id":"96e1cd2d-9342-4687-9e72-502b39fbb6fb","block_type":"box","text":"payments to the Fund. Currency hedging may not completely eliminate currency risk in the Fund, and may affect the performance of the Fund. Investment","page_number":2,"box":{"x":39,"y":711,"width":772,"height":8}},{"id":"2273f274-9d0e-4ba1-9336-8e16cf4eb3bb","block_type":"box","text":"risk is concentrated in","page_number":2,"box":{"x":814,"y":711,"width":108,"height":7}},{"id":"f6f736a1-61e4-415a-af7d-60d73c98a806","block_type":"box","text":"specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localized economic, market, political or regulatory","page_number":2,"box":{"x":39,"y":721,"width":732,"height":8}},{"id":"21742e48-7b18-4c9c-a01b-9c81d3bf08af","block_type":"box","text":"events.","page_number":2,"box":{"x":775,"y":722,"width":34,"height":5}},{"id":"a7c2c4e0-ef00-4970-b62f-cfdd4f74fc2c","block_type":"box","text":"Counterparty risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or oth","page_number":2,"box":{"x":39,"y":735,"width":734,"height":8}},{"id":"ed5dc4c2-cd9e-4c6d-bc5f-320b8fc85fae","block_type":"box","text":"er instruments, may expose the","page_number":2,"box":{"x":774,"y":735,"width":157,"height":8}},{"id":"85701217-e497-41b0-9098-3a0e2b13bbad","block_type":"box","text":"Fund to financial loss.","page_number":2,"box":{"x":39,"y":745,"width":107,"height":6}},{"id":"dc385624-bf19-4563-828c-3e8b25f76eaa","block_type":"box","text":"Liquidity risk. Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.","page_number":2,"box":{"x":39,"y":759,"width":627,"height":8}},{"id":"48c87287-69dc-4604-968e-192aa2b99053","block_type":"box","text":"Credit risk. The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.","page_number":2,"box":{"x":39,"y":773,"width":608,"height":8}},{"id":"73054915-e93e-4ba4-a6de-3a97679fe6e3","block_type":"box","text":"Inflation risk. The value of your investments may not be worth as much in the future due to changes in purchasing power resulting from inflation.","page_number":2,"box":{"x":39,"y":788,"width":721,"height":7}},{"id":"6a229580-01eb-4cd6-8522-9852d1d9b26a","block_type":"box","text":"Call risk. The chance that during periods of falling interest rates, issuers of callable bonds may call (repay) securities with higher coupons or in","page_number":2,"box":{"x":39,"y":802,"width":704,"height":7}},{"id":"e6446543-3bc4-4ea4-aa9f-adbccaaeef36","block_type":"box","text":"terest rates before their maturity","page_number":2,"box":{"x":744,"y":802,"width":168,"height":7}},{"id":"9187f023-2bfd-403c-a073-560b0423b433","block_type":"box","text":"dates.","page_number":2,"box":{"x":39,"y":812,"width":30,"height":6}},{"id":"e616cc1e-0938-4c50-b4b7-1b4a7396ec5c","block_type":"box","text":"Please also read the risk factors section in the prospectus and the Key Investor Information Document, both of which are available on the Vanguard web","page_number":2,"box":{"x":39,"y":827,"width":772,"height":8}},{"id":"e455b125-0960-4d92-bc3e-9d75033d4493","block_type":"box","text":"site.","page_number":2,"box":{"x":811,"y":827,"width":22,"height":6}},{"id":"d58d97b1-dce5-4178-8799-70eec87e1849","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"b4229946-c6b1-48d6-bec8-b7d02c2f6c1b","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"ce2222eb-005f-4340-a1ed-431ba9753996","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"c10cb505-057e-4670-970b-854cd8bf5a38","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"dbad5f59-606e-49e8-bd3a-6a6da78f869e","block_type":"box","text":"284","page_number":3,"box":{"x":614,"y":107,"width":16,"height":5}},{"id":"fa6d688d-9adb-4c6d-86aa-1e9183b2a63f","block_type":"box","text":"968","page_number":3,"box":{"x":796,"y":107,"width":15,"height":5}},{"id":"2e851431-af15-41b5-b5f8-c745fe9201e1","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"07f4933d-8574-4aae-a1d9-6e649127f829","block_type":"box","text":"7.12%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"b77ec05f-6450-40be-96fe-8d6230203f1b","block_type":"box","text":"6.98%","page_number":3,"box":{"x":785,"y":118,"width":26,"height":5}},{"id":"3dc83c3f-2ddb-47bb-ba2d-d0d939fd7ced","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"10e45d62-3720-4d00-9940-fd93d805d51c","block_type":"box","text":"5.5%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"747a7ff8-8758-4417-a88b-5922e369160f","block_type":"box","text":"5.7%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"555cef63-b911-46a7-834a-c2f11d1723b1","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"71a031bf-272f-4cd2-8fa4-dc8783deb196","block_type":"box","text":"8.8 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"530e3891-be4b-45be-942d-40c5163267de","block_type":"box","text":"9.7 years","page_number":3,"box":{"x":773,"y":141,"width":39,"height":7}},{"id":"fee6d9f7-21ea-4381-89ec-75fd5c6b6dff","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"719c990b-588a-4cab-82a1-27ef6f746161","block_type":"box","text":"BB+","page_number":3,"box":{"x":613,"y":153,"width":16,"height":5}},{"id":"138d1fdb-a36b-4809-80cb-60dbe7199d31","block_type":"box","text":"BB+","page_number":3,"box":{"x":795,"y":153,"width":16,"height":5}},{"id":"4faa809f-33e8-4542-b2df-4602c793d8c6","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"558daa43-ac58-4cc3-8787-4eadd7b61989","block_type":"box","text":"6.1 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"7df22eb9-6b08-488a-9777-cd637b22f4f6","block_type":"box","text":"5.9 years","page_number":3,"box":{"x":773,"y":165,"width":39,"height":6}},{"id":"c1e10cb0-5154-4649-b14e-9ad2f125f098","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"63ac688f-12a8-4bdc-8d83-3c67477d1404","block_type":"box","text":"4.4%","page_number":3,"box":{"x":609,"y":176,"width":21,"height":5}},{"id":"a4a2b3ae-7b77-44ec-8ddc-85804b699122","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"f81912f6-6f13-4f56-b5df-bb5b763942c0","block_type":"box","text":"Turnover rate","page_number":3,"box":{"x":38,"y":188,"width":58,"height":5}},{"id":"3fa00fee-2d62-4105-bab3-580793554ea3","block_type":"box","text":"238%","page_number":3,"box":{"x":606,"y":188,"width":24,"height":5}},{"id":"22bc0b5f-64ab-47dc-9a05-93bfcbdeb4e0","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":191,"width":7,"height":0}},{"id":"718ad33e-fef8-43aa-9171-c02a2ac30c9f","block_type":"box","text":"The PTR (Portfolio Turnover Rate) approach considers the total security purchases and sales, the total subscriptions and redemptions and the average","page_number":3,"box":{"x":38,"y":201,"width":644,"height":6}},{"id":"3c6d6f49-20c7-4aa4-9038-ea1f288ee71b","block_type":"box","text":"net assets of the fund to","page_number":3,"box":{"x":686,"y":201,"width":105,"height":5}},{"id":"0bcd2ea6-af6c-44c1-a51a-c135319e1734","block_type":"box","text":"calculate the turnover figure. Yield to Worst is based on the local currencies of the underlying holdings. As such, the actual yield received in the s","page_number":3,"box":{"x":39,"y":210,"width":613,"height":6}},{"id":"9db38889-b385-4434-a396-75b277f064e9","block_type":"box","text":"hare class currency may differ from the","page_number":3,"box":{"x":653,"y":210,"width":168,"height":6}},{"id":"c7e76aca-a20e-494d-bb4c-3465f4422566","block_type":"box","text":"yield to maturity stated. Data as at 30 September 2026.","page_number":3,"box":{"x":38,"y":219,"width":243,"height":6}},{"id":"40adac55-e928-4222-adbd-6e4ae6ac6583","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":246,"width":99,"height":6}},{"id":"1551decb-ef22-42bf-b86a-df983a0e37c4","block_type":"box","text":"Mexico","page_number":3,"box":{"x":163,"y":268,"width":28,"height":5}},{"id":"2d0ac194-1669-4e98-bc60-a51ecbb4b6a0","block_type":"box","text":"8.3","page_number":3,"box":{"x":439,"y":268,"width":13,"height":5}},{"id":"6c947832-695e-4ec9-8100-7fa9126ad387","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":268,"width":8,"height":5}},{"id":"a014946a-3b44-408e-8ddf-a44205a23330","block_type":"box","text":"Turkey","page_number":3,"box":{"x":162,"y":279,"width":29,"height":6}},{"id":"01cc1f56-3726-41d6-bc86-647d8755a969","block_type":"box","text":"5.6","page_number":3,"box":{"x":440,"y":279,"width":12,"height":5}},{"id":"7fd9e482-8a7b-4249-b089-e40713526e63","block_type":"box","text":"Indonesia","page_number":3,"box":{"x":163,"y":290,"width":39,"height":5}},{"id":"a9cb3ae1-5850-4e22-b88e-7dda2e1e2d0c","block_type":"box","text":"5.4","page_number":3,"box":{"x":440,"y":290,"width":12,"height":5}},{"id":"0d2cf1e6-56ea-40b8-aa00-c050cb264dce","block_type":"box","text":"Argentina","page_number":3,"box":{"x":162,"y":301,"width":42,"height":6}},{"id":"05923fdc-8670-4786-905d-6fb69ff0577a","block_type":"box","text":"4.9","page_number":3,"box":{"x":439,"y":301,"width":13,"height":5}},{"id":"35d04049-a309-45f3-b662-9da4420882c3","block_type":"box","text":"Other","page_number":3,"box":{"x":162,"y":312,"width":25,"height":5}},{"id":"2d584e62-cef6-4a66-87d2-99bf9a1fa0b7","block_type":"box","text":"4.4","page_number":3,"box":{"x":439,"y":312,"width":13,"height":5}},{"id":"9fcb5255-9f21-451d-a024-5c775b0e5a7b","block_type":"box","text":"United States","page_number":3,"box":{"x":512,"y":268,"width":58,"height":5}},{"id":"4db84957-4623-4f98-9798-017d588841a8","block_type":"box","text":"4.3","page_number":3,"box":{"x":786,"y":268,"width":12,"height":5}},{"id":"fcad6dd3-8724-4e75-8ec5-afb34f582ccb","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":268,"width":8,"height":5}},{"id":"32b0548e-497c-4339-9a7d-2a0b3d2257b1","block_type":"box","text":"Dominican Republic","page_number":3,"box":{"x":512,"y":279,"width":83,"height":6}},{"id":"8ed7b43c-58a4-4433-886b-46d53127e7f0","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":279,"width":13,"height":5}},{"id":"eea62dd4-28fe-45d4-99f5-ebec35069e17","block_type":"box","text":"Saudi Arabia","page_number":3,"box":{"x":511,"y":290,"width":54,"height":5}},{"id":"27c69690-e290-4e97-9425-229da0576640","block_type":"box","text":"3.4","page_number":3,"box":{"x":786,"y":290,"width":13,"height":5}},{"id":"bb4f55f7-c47e-4b60-a0ab-3b678763d15b","block_type":"box","text":"South Africa","page_number":3,"box":{"x":511,"y":301,"width":53,"height":5}},{"id":"aded9916-36e8-4c04-ac96-bcd363622008","block_type":"box","text":"3.2","page_number":3,"box":{"x":786,"y":301,"width":12,"height":5}},{"id":"edae52cd-3190-4539-9760-590bfa4e24ab","block_type":"box","text":"Egypt","page_number":3,"box":{"x":512,"y":312,"width":24,"height":6}},{"id":"280cd476-ab5f-4761-8f46-fd074e74e362","block_type":"box","text":"3.0","page_number":3,"box":{"x":786,"y":312,"width":13,"height":5}},{"id":"ff189567-00e0-4b0e-96af-27c5dfc43241","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":344,"width":240,"height":8}},{"id":"b9577ebf-eaa8-40bc-8e6b-4087656fb378","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":445,"width":229,"height":7}},{"id":"faafe549-f7ae-49f8-888e-879c15df74d0","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":467,"width":12,"height":5}},{"id":"816dd366-ddc2-4a57-8b36-e8a2e9b583d3","block_type":"box","text":"4.4","page_number":3,"box":{"x":441,"y":467,"width":12,"height":5}},{"id":"72b6f507-5086-4698-801a-62c849825a66","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":467,"width":8,"height":5}},{"id":"bdde4436-52f5-41d0-ab25-0a19ef19bede","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":478,"width":6,"height":5}},{"id":"f55645d2-4481-4c15-9ea7-9122bbd07934","block_type":"box","text":"5.9","page_number":3,"box":{"x":441,"y":478,"width":12,"height":5}},{"id":"5b58ddd4-5a2f-4d48-acb8-e7846b9b5d93","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":489,"width":17,"height":5}},{"id":"83329af1-35dd-4351-ad0f-8442293bc3d0","block_type":"box","text":"30.1","page_number":3,"box":{"x":435,"y":489,"width":18,"height":5}},{"id":"53fa3558-fd9f-4056-8391-18d93b99d0e0","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":500,"width":61,"height":5}},{"id":"a9f5f3fa-caf9-476a-80e0-b60ba49abf77","block_type":"box","text":"53.4","page_number":3,"box":{"x":435,"y":500,"width":18,"height":5}},{"id":"57f3688b-cd0f-4906-b06d-5847635c3acc","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":164,"y":511,"width":43,"height":5}},{"id":"5a8cd658-d8b1-49ad-96c6-e124c48c608a","block_type":"box","text":"6.2","page_number":3,"box":{"x":441,"y":511,"width":12,"height":5}},{"id":"22dd44e8-ac96-4bdf-95cb-75d6f8304761","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":583,"width":186,"height":7}},{"id":"74077fa7-aa42-414b-a0a2-b8960ee43a7a","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":718,"width":90,"height":8}},{"id":"ae56c740-a6a3-48ff-a3f1-c8e4cda85373","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":542,"height":19}},{"id":"72d6b055-c956-436d-8a2a-e0b72756f49f","block_type":"box","text":"USD Distributing","page_number":3,"box":{"x":40,"y":55,"width":143,"height":13}},{"id":"3ba8edbf-48a5-4fd8-98b7-c0872dee8370","block_type":"box","text":"Data as at 30 September 2026 unless otherwise stated.","page_number":3,"box":{"x":39,"y":71,"width":318,"height":8}},{"id":"62d21eb3-02fb-4a42-a1e0-ccc7a11d1d06","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":3,"box":{"x":38,"y":968,"width":658,"height":8}},{"id":"d5ac4895-9a8e-4d5f-b131-4c908272d027","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":603,"width":137,"height":7}},{"id":"51f573e4-2187-4752-9c19-53eb7622674a","block_type":"box","text":"72.8","page_number":3,"box":{"x":434,"y":603,"width":18,"height":5}},{"id":"86e821b2-49d0-47a5-adda-71f4d1375b49","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":603,"width":8,"height":5}},{"id":"40f2a018-c4ae-490b-9d1f-675c0cbaf47a","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":615,"width":133,"height":7}},{"id":"ac4cc9e3-b27d-48a8-b4f9-9387462be7d9","block_type":"box","text":"13.1","page_number":3,"box":{"x":434,"y":615,"width":18,"height":5}},{"id":"ae0a21b6-e609-428b-851f-eb1f46740482","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":627,"width":72,"height":7}},{"id":"1e78870e-7953-47de-9325-a33e57e6b491","block_type":"box","text":"6.9","page_number":3,"box":{"x":439,"y":627,"width":13,"height":5}},{"id":"714dedd8-2aab-4432-b995-f82f28de2ccc","block_type":"box","text":"Cash*","page_number":3,"box":{"x":162,"y":639,"width":25,"height":5}},{"id":"872f8f54-2234-4847-a944-0d0e2d60a67d","block_type":"box","text":"4.4","page_number":3,"box":{"x":439,"y":639,"width":13,"height":5}},{"id":"fd61bbe0-7dba-4e3a-b09b-0f31136c7714","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":162,"y":651,"width":97,"height":7}},{"id":"e93fcb99-ebb9-4328-a378-8ee851832137","block_type":"box","text":"1.6","page_number":3,"box":{"x":440,"y":651,"width":12,"height":5}},{"id":"ecea0e45-fe60-4ddf-b89e-9086f58d113f","block_type":"box","text":"Corporate - utilities","page_number":3,"box":{"x":511,"y":603,"width":84,"height":7}},{"id":"eaf4bd92-4e8c-494f-a2b2-68b85acf680c","block_type":"box","text":"0.6","page_number":3,"box":{"x":786,"y":603,"width":13,"height":5}},{"id":"7fff0eba-29c4-4630-8092-a62de9b9ed60","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":603,"width":8,"height":5}},{"id":"ac01b49f-a392-4d76-9cd5-68764e8823eb","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":615,"width":25,"height":5}},{"id":"1215568b-cb5e-49fc-b596-ba7187afd86c","block_type":"box","text":"0.3","page_number":3,"box":{"x":786,"y":615,"width":12,"height":5}},{"id":"f7da36d1-094a-41a9-bcd6-b562ceac3c80","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":627,"width":158,"height":7}},{"id":"297a9f82-af0f-4c09-bc57-6a0179130e7d","block_type":"box","text":"0.3","page_number":3,"box":{"x":786,"y":627,"width":12,"height":5}},{"id":"ed60091e-6c82-49eb-bd67-c927c03aa38e","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":744,"width":184,"height":8}},{"id":"2ab28e04-e72a-4cb8-8bec-fee903f4109d","block_type":"box","text":"The fund characteristics section above contains a number of metrics that professional investors use to value individual stocks against a market or ind","page_number":3,"box":{"x":38,"y":760,"width":745,"height":8}},{"id":"6103c9c6-73cc-40c9-bfab-7a413310524f","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":760,"width":88,"height":8}},{"id":"87d6f636-7858-477f-be69-f4f6fccc5a2f","block_type":"box","text":"metrics can also be used to value and compare funds to the market by taking the average of all the stocks held in the fund and comparing them to those","page_number":3,"box":{"x":39,"y":769,"width":761,"height":8}},{"id":"df484b5b-ce4a-44af-8a81-6c3152fa8e75","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":769,"width":63,"height":7}},{"id":"77e412ef-d527-470e-83af-ce1fc6c412df","block_type":"box","text":"benchmark index. We’ve provided a definition of the terms used for your convenience.","page_number":3,"box":{"x":39,"y":779,"width":426,"height":7}},{"id":"7ce94b35-b64e-469a-a515-afc28fb876a1","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":793,"width":72,"height":6}},{"id":"e428e97a-692b-4163-94f9-ea8217f05966","block_type":"box","text":"applies when the portfolio is invested into callable bonds. When it is not the case Yield to worst=Yield to maturity.","page_number":3,"box":{"x":113,"y":792,"width":566,"height":8}},{"id":"8f0f87ac-71a2-418c-835a-94654ecf98f2","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":806,"width":82,"height":8}},{"id":"7b0efce9-0cbf-42fd-b985-2cc1fdc996dd","block_type":"box","text":"is the average interest rate paid on the fixed income securities held by a fund. It is expressed as a percentage of face value.","page_number":3,"box":{"x":123,"y":806,"width":612,"height":8}},{"id":"d0c04fd4-5da5-4452-bcc6-68618cfdc72d","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":820,"width":91,"height":8}},{"id":"82ab88c3-f9ea-4de4-b010-18a0cc62cbdf","block_type":"box","text":"is the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration the possibility t","page_number":3,"box":{"x":132,"y":820,"width":719,"height":8}},{"id":"3910b45a-9ac4-411a-aa18-2ec8eb8cdca6","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":820,"width":35,"height":6}},{"id":"ad9e55df-c3a1-43c5-a4b9-3fb6abfd8582","block_type":"box","text":"issuer may call the bond before its maturity date. The figure reflects the proportion of fund assets represented by each security; it also reflects an","page_number":3,"box":{"x":39,"y":829,"width":727,"height":8}},{"id":"983f8d5b-9837-4c62-b273-b52eff91e78f","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":829,"width":133,"height":8}},{"id":"7c2993f9-25e8-4b3f-9c6b-6418c6edcb02","block_type":"box","text":"general, the longer the average effective maturity, the more a fund’s share price will fluctuate in response to changes in market interest rates.","page_number":3,"box":{"x":39,"y":839,"width":710,"height":7}},{"id":"9036bef3-3449-44ce-b15a-18574f91d1e6","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":852,"width":81,"height":8}},{"id":"c323e2ee-fb5d-4cc8-ba34-b8c46a40bdeb","block_type":"box","text":"is an indicator of credit risk. This figure is the average of the ratings assigned to a fund’s fixed income holdings by credit-rating agencies. Th","page_number":3,"box":{"x":122,"y":852,"width":694,"height":8}},{"id":"833482af-9780-464f-b129-a414193cec85","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":852,"width":81,"height":8}},{"id":"f9f1f282-57cc-49ec-8dc8-02abd7a27a78","block_type":"box","text":"their judgment after appraising an issuer’s ability to meet its obligations. Quality is graded on a scale, with Aaa or AAA indicating the most cred","page_number":3,"box":{"x":38,"y":862,"width":717,"height":7}},{"id":"d5d689b6-035a-49fc-aad2-f2759bc2be26","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":862,"width":109,"height":7}},{"id":"4dfa1865-f9e2-4fa9-bbdf-bec1dc5a1c1a","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":875,"width":88,"height":8}},{"id":"33037126-39c6-4661-b2db-adb58d414632","block_type":"box","text":"is an estimate of how much the value of the bonds held by a fund will fluctuate in response to a change in interest rates. To see how the value could","page_number":3,"box":{"x":130,"y":875,"width":735,"height":8}},{"id":"49f0d73a-244f-4b0d-947f-6879a9ff6ce1","block_type":"box","text":"change, multiply the average duration by the change in rates. If interest rates rise by 1 percentage point, the value of the bonds in a fund with an a","page_number":3,"box":{"x":39,"y":885,"width":729,"height":8}},{"id":"ef01c21e-e7b2-4cab-a728-54eacf525403","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":885,"width":114,"height":8}},{"id":"9bd26cf2-e4a6-4707-b078-46ef9af472a8","block_type":"box","text":"years would decline by about 5%. If rates decrease by a percentage point, the value would rise by 5%.","page_number":3,"box":{"x":38,"y":894,"width":505,"height":8}},{"id":"2b4cc814-17cd-4b4d-9eea-220ad4c4eb36","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":908,"width":86,"height":8}},{"id":"7c4e53c3-170b-4ff5-9c4d-7637cc7a5dc9","block_type":"box","text":"reflects the amounts that may be expected to be distributed over the next twelve months as a percentage of mid-market unit price as at the date shown","page_number":3,"box":{"x":129,"y":908,"width":765,"height":8}},{"id":"a35e0a7c-5c02-43cd-9571-d3b8476a6c40","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":913,"width":1,"height":1}},{"id":"1af5765c-5382-458e-a120-6036fe24f997","block_type":"box","text":"It is based on a snapshot of the portfolio on that day. It does not include preliminary charge and investors may be subject to tax on distributions.","page_number":3,"box":{"x":39,"y":917,"width":719,"height":8}},{"id":"d8cf9edf-b6eb-4f83-a1ce-df406c78a456","block_type":"box","text":"20 - 25 Years","page_number":3,"box":{"x":511,"y":365,"width":56,"height":5}},{"id":"87b8bc55-52f5-41fa-89d1-3d7ad4e1a019","block_type":"box","text":"4.6","page_number":3,"box":{"x":786,"y":365,"width":13,"height":5}},{"id":"f53d18cb-2d7c-4afd-966e-f68321ef0e01","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":365,"width":8,"height":5}},{"id":"4cb106d9-9a5e-42dd-a22a-2ba1ed115e66","block_type":"box","text":"Over 25 Years","page_number":3,"box":{"x":511,"y":376,"width":60,"height":5}},{"id":"4399bafc-3726-49ce-b09d-b86a4b6ee0d4","block_type":"box","text":"9.5","page_number":3,"box":{"x":786,"y":376,"width":13,"height":5}},{"id":"87db296b-f933-4381-8a9c-e513d90568c2","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":365,"width":55,"height":5}},{"id":"c87b27b3-b12a-42a7-90de-042826bb037a","block_type":"box","text":"7.7","page_number":3,"box":{"x":441,"y":365,"width":12,"height":5}},{"id":"9e08cb0d-1d79-485c-89c9-5896c0050101","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":365,"width":8,"height":5}},{"id":"7a65c687-3edf-4f51-8fbc-b041c73a0eb0","block_type":"box","text":"1 - 5 Years","page_number":3,"box":{"x":164,"y":376,"width":44,"height":5}},{"id":"21d066d2-26af-4213-9ada-d4b3a9a3e6f7","block_type":"box","text":"25.8","page_number":3,"box":{"x":435,"y":376,"width":18,"height":5}},{"id":"858bd83b-d4a3-40ce-8c9e-67c38ec3cbd2","block_type":"box","text":"5 - 10 Years","page_number":3,"box":{"x":163,"y":387,"width":51,"height":5}},{"id":"c871b522-88ca-4678-b4a9-12a2272a968f","block_type":"box","text":"45.0","page_number":3,"box":{"x":435,"y":387,"width":18,"height":5}},{"id":"98347ff9-1453-4185-9e4e-91108a49e771","block_type":"box","text":"10 - 15 Years","page_number":3,"box":{"x":164,"y":398,"width":56,"height":5}},{"id":"a5656698-b1c5-423f-bd94-98a8f07c396c","block_type":"box","text":"6.5","page_number":3,"box":{"x":441,"y":398,"width":12,"height":5}},{"id":"9851992b-af35-4b8c-bd3b-c78bea17c722","block_type":"box","text":"15 - 20 Years","page_number":3,"box":{"x":164,"y":409,"width":56,"height":5}},{"id":"1d61d3ae-0d79-4ccd-948a-c5247219d191","block_type":"box","text":"1.0","page_number":3,"box":{"x":441,"y":409,"width":12,"height":5}},{"id":"7687069f-9945-495d-b068-88adf77092f7","block_type":"box","text":"*The allocations are subject to circumstances such as timing differences between trade and settlement dates of underlying securities, that may result","page_number":3,"box":{"x":39,"y":672,"width":748,"height":7}},{"id":"dfd7b6f4-2dc6-478d-988b-0850138988d2","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":672,"width":114,"height":7}},{"id":"cf75d391-0135-40f7-a0f2-e94e9bbc8755","block_type":"box","text":"The fund may also employ certain derivative instruments for cash management or risk management purposes that may also result in negative weightings. A","page_number":3,"box":{"x":38,"y":682,"width":781,"height":8}},{"id":"7414ba1a-45f5-48e3-98a9-215bea2b5df7","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":682,"width":66,"height":6}},{"id":"4eb095b7-e756-4988-b0ed-eead4bc4dede","block_type":"box","text":"subject to change. Cash includes physical cash on the account, cash like instruments (such as ultra-short term treasury bonds) and derivative instru","page_number":3,"box":{"x":39,"y":693,"width":734,"height":8}},{"id":"d58ddbe8-64fa-4f5b-abd6-8dc7b9d219a9","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":694,"width":33,"height":5}},{"id":"55ad02ef-a0f4-4542-81e3-1093c8ab5687","block_type":"box","text":"Credit-quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Service, Fitch Ratings and Standard","page_number":3,"box":{"x":39,"y":537,"width":739,"height":8}},{"id":"47df2bd8-dd04-4421-a4c8-6b86766adff0","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":537,"width":114,"height":8}},{"id":"25a6f2fa-85c0-42ef-ac3a-a76451900ec4","block_type":"box","text":"from all three agencies are available, the median rating is used. When ratings are available from two of the agencies, the lower rating is used. When","page_number":3,"box":{"x":38,"y":548,"width":739,"height":8}},{"id":"6a409d65-0c06-43b5-8e98-ddbfe372c002","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":548,"width":110,"height":8}},{"id":"8b56a0b9-9481-45c6-8877-7e3019c0310a","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":559,"width":94,"height":7}},{"id":"ba0dfef8-9198-4a38-bb26-de4ee8b21845","block_type":"box","text":"Vanguard Emerging Markets Bond Fund","page_number":4,"box":{"x":38,"y":31,"width":574,"height":21}},{"id":"95cbcc59-0ad1-4034-9c29-932f28fbc1cb","block_type":"box","text":"USD Distributing","page_number":4,"box":{"x":40,"y":57,"width":143,"height":13}},{"id":"b8770f49-8ba7-4295-90b9-43326d9ff726","block_type":"box","text":"E004EN_092026","page_number":4,"box":{"x":893,"y":971,"width":73,"height":6}},{"id":"e3c923a6-a251-4eb0-9610-c684248ba6e5","block_type":"box","text":"Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority.","page_number":4,"box":{"x":39,"y":961,"width":627,"height":7}},{"id":"267fbe73-a57b-4205-9bc5-aaac78fb545f","block_type":"box","text":"© 2026 Vanguard Asset Management, Limited. All rights reserved.","page_number":4,"box":{"x":39,"y":970,"width":323,"height":7}},{"id":"8e3b21ac-22ff-407e-8983-a8eeed9816d8","block_type":"box","text":"For more information contact your local sales team or:","page_number":4,"box":{"x":39,"y":426,"width":305,"height":8}},{"id":"b327a32e-2f39-4beb-b54c-38b128acdfa9","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"6e0b284e-0f96-49b2-bcab-53de18d44020","block_type":"box","text":"Transfer Agent (Europe): Tel. +353 1 241 7144","page_number":4,"box":{"x":38,"y":450,"width":224,"height":7}},{"id":"870e37bd-01d0-4d2b-b244-5644e2bfa92b","block_type":"box","text":"Client Services (Europe): Tel. +44 (0)203 753 4305","page_number":4,"box":{"x":39,"y":460,"width":250,"height":8}},{"id":"10239998-82b5-46de-9e2b-66bb7b20a162","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"c1b2a665-65b0-47e2-825e-d53a09f1a44e","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"ad3e4834-3f2b-42bb-938f-c8ce507af141","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"fbb514eb-135b-44b8-8df9-1b8d55f5023c","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"192fa941-1182-4ee4-94a7-2c04751d311e","block_type":"box","text":"This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.","page_number":4,"box":{"x":38,"y":525,"width":595,"height":7}},{"id":"cf08ba1c-b808-410c-9cfd-417645c9d4b0","block_type":"box","text":"For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KIID before making any fin","page_number":4,"box":{"x":39,"y":544,"width":744,"height":7}},{"id":"75e414d9-55a8-466f-a10c-17041d6f7884","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"7f164ad4-cff4-4eaa-972e-c7a3aa55e92e","block_type":"box","text":"KIID for this fund is available, alongside the prospectus via Vanguard’s website https://global.vanguard.com/.","page_number":4,"box":{"x":39,"y":553,"width":548,"height":8}},{"id":"7e48c969-3497-4075-8c75-ebb8432f4b42","block_type":"box","text":"This document is designed for use by and is directed only at persons resident in the UK.","page_number":4,"box":{"x":38,"y":567,"width":432,"height":7}},{"id":"2ebffc41-aec8-4506-bade-fde921218434","block_type":"box","text":"The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any ju","page_number":4,"box":{"x":38,"y":580,"width":709,"height":8}},{"id":"f4ff35d7-5d74-4f99-95a1-70fed737c028","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"58862dc3-69e4-46dd-b573-6ad20c8da3b8","block_type":"box","text":"solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solic","page_number":4,"box":{"x":39,"y":590,"width":716,"height":8}},{"id":"264994fb-8b1c-4cb6-9a02-9e432844de0b","block_type":"box","text":"itation is not qualified to do so. The","page_number":4,"box":{"x":756,"y":590,"width":175,"height":7}},{"id":"e239430e-be07-42b3-ad4c-bb289c1f3bb6","block_type":"box","text":"information in this document is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult t","page_number":4,"box":{"x":39,"y":599,"width":733,"height":8}},{"id":"01e2005a-174a-4fe9-93cc-864289795a2a","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"148a8c38-f02d-4fd2-879b-8fe1a104ecc6","block_type":"box","text":"implications of making an investment in, holding or disposing of ''units/shares'', and the receipt of distribution from any investment.","page_number":4,"box":{"x":39,"y":608,"width":661,"height":8}},{"id":"202a7019-27bd-407c-8bb1-86bcb02c00a5","block_type":"box","text":"Vanguard Investment Series plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in","page_number":4,"box":{"x":38,"y":622,"width":717,"height":8}},{"id":"c4e3323e-950f-4d2d-92a1-b47048662bd0","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"91df01c9-70c9-4507-8637-bf1ec5153c1e","block_type":"box","text":"Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own profess","page_number":4,"box":{"x":39,"y":632,"width":743,"height":7}},{"id":"2e911314-5d53-4629-8ec9-488fbd08b267","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"a589a1ce-73c6-4f33-91e8-0fbbcc2460ca","block_type":"box","text":"implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares und","page_number":4,"box":{"x":39,"y":641,"width":744,"height":8}},{"id":"b924195f-08e8-44eb-be26-e8ac075705a8","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"0249d92a-9a9f-469e-9b4d-fa449adeb177","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"cf004283-7dde-4e01-bab5-11ab2596b450","block_type":"box","text":"The Manager of Vanguard Investment Series plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor of Vanguar","page_number":4,"box":{"x":38,"y":664,"width":758,"height":8}},{"id":"3bac803c-636a-4dfc-9e7e-34ed12728724","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"ef85956c-50c4-4863-9579-eb675e7a5294","block_type":"box","text":"The Manager of the Ireland-domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in a","page_number":4,"box":{"x":38,"y":680,"width":774,"height":7}},{"id":"6ed4a0d7-279c-46a1-9788-20a5bf18cd3b","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"082b8197-f327-4a34-b4c7-67e8bb037f76","block_type":"box","text":"UCITS Directive, as may be amended from time to time.","page_number":4,"box":{"x":39,"y":689,"width":278,"height":8}},{"id":"296f51b5-e7e3-4853-ae20-eed95769717f","block_type":"box","text":"For investors in Ireland-domiciled funds, a summary of investor rights can be obtained via","page_number":4,"box":{"x":39,"y":702,"width":445,"height":8}},{"id":"a33397b5-0cb2-44fc-97ad-d5f8ae1e6907","block_type":"box","text":"https://www.ie.vanguard/content/dam/intl/europe/documents/en/vanguard-investors-rights-summary-irish-funds-jan22.pdf and is available in English, Ge","page_number":4,"box":{"x":39,"y":711,"width":790,"height":8}},{"id":"f1ed0073-f831-4d39-830d-c18cf93455e5","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"f30230ad-cd68-44c6-8a2d-148e4c1d74fd","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"b5962c65-9179-4957-9160-8b064de76180","block_type":"box","text":"Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index referenced","page_number":4,"box":{"x":39,"y":750,"width":762,"height":7}},{"id":"b58c5ecf-942d-4b89-8a8e-06e003bc7314","block_type":"box","text":"herein is used with","page_number":4,"box":{"x":805,"y":750,"width":91,"height":6}},{"id":"77f090d5-8d00-49bd-b60e-2e8f7db45ecf","block_type":"box","text":"permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval.","page_number":4,"box":{"x":39,"y":759,"width":531,"height":8}},{"id":"ac7af7c9-8300-464d-91eb-d7f3100ac7bc","block_type":"box","text":"SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC.","page_number":4,"box":{"x":39,"y":773,"width":506,"height":8}},{"id":"1eaea578-39af-4d4a-8b42-11947a404c8b","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":782,"width":326,"height":8}},{"id":"1e516d66-cb66-4b2c-a2e6-7070a29d8411","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":782,"width":98,"height":6}},{"id":"6f21d14e-d359-419d-a196-d20165ea5dcd","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"13cc4ca4-7182-4883-84b8-feb0eda23941","block_type":"box","text":"The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.","page_number":4,"box":{"x":38,"y":125,"width":603,"height":7}},{"id":"76516cbb-30db-4fd4-ad61-69fe7f1bf22a","block_type":"box","text":"Past performance is not a reliable indicator of future results.","page_number":4,"box":{"x":39,"y":138,"width":302,"height":8}},{"id":"a7667f25-0276-4366-965d-e93d5d075d7a","block_type":"box","text":"Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or f","page_number":4,"box":{"x":39,"y":152,"width":761,"height":8}},{"id":"02b1d8fc-86fd-4f45-8c32-9d696e5d8b34","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"f2192135-cc06-493b-8d34-c9bea97e7cbe","block_type":"box","text":"Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level","page_number":4,"box":{"x":39,"y":166,"width":723,"height":8}},{"id":"d1d93ad8-6424-4a71-a06d-47b981be3be4","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"1e9077a0-43e2-4a39-b108-0bc52901a0c0","block_type":"box","text":"Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such","page_number":4,"box":{"x":39,"y":175,"width":731,"height":8}},{"id":"5aa1a7c1-8723-4ef5-bce4-0d41f86b70aa","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"0356af41-0845-4462-9a69-deadc96c9521","block_type":"box","text":"increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in in","page_number":4,"box":{"x":39,"y":185,"width":751,"height":7}},{"id":"a2372bdb-1d41-414d-a3e3-91854ca8c04e","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"a3410603-d715-45e8-b09f-266b6ba3cdd3","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"1cd23e88-cfb8-4d20-9ac4-7c0af0ddd8fd","block_type":"box","text":"The Fund may use derivatives, including for investment purposes, in order to reduce risk or cost and/or generate extra income or growth. For all other","page_number":4,"box":{"x":38,"y":207,"width":745,"height":8}},{"id":"448c464a-45b4-4a78-be3b-b056d191e5a0","block_type":"box","text":"funds they will be used to","page_number":4,"box":{"x":787,"y":208,"width":126,"height":7}},{"id":"b9699b18-c195-4c7c-8112-5aa943797cd7","block_type":"box","text":"reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result i","page_number":4,"box":{"x":39,"y":217,"width":741,"height":8}},{"id":"a011bad0-15ce-4724-a992-b45109f72495","block_type":"box","text":"n greater fluctuations of the","page_number":4,"box":{"x":782,"y":217,"width":141,"height":8}},{"id":"5cb9184f-87ef-4b9f-9c08-f1bbcca1dd70","block_type":"box","text":"Fund’s net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or cur","page_number":4,"box":{"x":39,"y":227,"width":702,"height":7}},{"id":"b9c19c51-903c-4629-8ef5-c6d83bdb3426","block_type":"box","text":"rency) or a market index.","page_number":4,"box":{"x":742,"y":227,"width":123,"height":7}},{"id":"122e6549-2540-4a9c-aa15-5b208a136671","block_type":"box","text":"Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investmen","page_number":4,"box":{"x":39,"y":240,"width":761,"height":8}},{"id":"87c43115-1b2d-4233-95d2-d43a51749ee0","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"9b129843-5174-4d24-b0c5-e436d3283c59","block_type":"box","text":"For further information on risks please see the “Risk Factors” section of the prospectus on our website at https://global.vanguard.com.","page_number":4,"box":{"x":39,"y":254,"width":674,"height":8}}],"unit":"per_mille","page_width":595,"page_height":842,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":4}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"b6a9a764-2407-4638-a53b-fa476400f4ff"},"user_id":1000002,"date_created":"2026-10-15T22:25:36.591000Z","date_modified":"2026-10-15T22:25:36.591000Z","private":false}