{"annotation_id":"d9ddfc07-9a89-4fef-ba16-6244a17478b0","file_hash":"8b2345621de0fa50d8738e4f7cc1febeaaf219ffac570c9b2b4a9051ab6378d2","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"536eddae-a124-47cc-89a6-5cb42a8a3ec4","block_type":"box","text":"Vanguard","page_number":1,"box":{"x":792,"y":50,"width":155,"height":25}},{"id":"f5e37cc1-9447-4269-a05c-613c05e2c88c","block_type":"box","text":"®","page_number":1,"box":{"x":947,"y":51,"width":14,"height":4}},{"id":"c226aab0-c1b8-4d60-96d3-42b9075595b4","block_type":"box","text":"Minimum initial","page_number":1,"box":{"x":39,"y":315,"width":85,"height":7}},{"id":"506bc9d0-fa5c-41d5-b7a2-b23f7591f768","block_type":"box","text":"investment","page_number":1,"box":{"x":39,"y":326,"width":63,"height":6}},{"id":"0d8eb85a-430b-44b2-9358-146e0f8b7695","block_type":"box","text":"ISIN","page_number":1,"box":{"x":142,"y":326,"width":22,"height":6}},{"id":"92bce184-6666-4095-bcb2-87c2bb87e534","block_type":"box","text":"SEDOL","page_number":1,"box":{"x":238,"y":326,"width":41,"height":6}},{"id":"f2ff45c3-894f-4fa5-8f1f-f4157c65cbf5","block_type":"box","text":"Bloomberg","page_number":1,"box":{"x":305,"y":326,"width":60,"height":8}},{"id":"505d3058-70d6-40c8-a9ec-8b8d7c15a207","block_type":"box","text":"Investment","page_number":1,"box":{"x":375,"y":316,"width":64,"height":6}},{"id":"f9554157-eeb1-4788-854a-6dedc387b80c","block_type":"box","text":"structure","page_number":1,"box":{"x":375,"y":327,"width":52,"height":5}},{"id":"d551ac08-eefc-432e-8de4-f53217d0858e","block_type":"box","text":"SRRI","page_number":1,"box":{"x":489,"y":326,"width":27,"height":6}},{"id":"86f22869-d0f3-4c2c-a574-289c3cd639c5","block_type":"box","text":"‡","page_number":1,"box":{"x":516,"y":325,"width":5,"height":4}},{"id":"dc4fd77c-270d-45ca-8fc5-857259730759","block_type":"box","text":"Index","page_number":1,"box":{"x":562,"y":316,"width":30,"height":6}},{"id":"49922b8f-0233-44da-8f7f-aec5c522085b","block_type":"box","text":"ticker","page_number":1,"box":{"x":562,"y":326,"width":32,"height":6}},{"id":"6af2ab26-0354-435f-a209-cd009b641ed8","block_type":"box","text":"Domicile","page_number":1,"box":{"x":636,"y":326,"width":47,"height":6}},{"id":"74fd0062-28ae-4715-ba97-172e13b3362b","block_type":"box","text":"Settlement","page_number":1,"box":{"x":751,"y":326,"width":64,"height":6}},{"id":"4f35c700-3234-4f9c-ad71-8846ec37022d","block_type":"box","text":"Trading frequency","page_number":1,"box":{"x":833,"y":315,"width":102,"height":8}},{"id":"befe68a3-f68a-459b-a76c-6d8cc004dca2","block_type":"box","text":"(cut-off)","page_number":1,"box":{"x":833,"y":326,"width":49,"height":7}},{"id":"02d2e10d-ba40-46eb-ab84-7e95ea481013","block_type":"box","text":"$1,000,000","page_number":1,"box":{"x":39,"y":344,"width":49,"height":7}},{"id":"de9b56da-05b7-43ef-b95e-40018434097b","block_type":"box","text":"IE000VL34EE6","page_number":1,"box":{"x":142,"y":345,"width":63,"height":5}},{"id":"5fb3534b-4f2c-4320-aed1-ab5353307752","block_type":"box","text":"BPGMNB6","page_number":1,"box":{"x":239,"y":345,"width":44,"height":5}},{"id":"d8198d3f-800f-4cae-8c7c-1ee19eda1ed1","block_type":"box","text":"VGSCBUA","page_number":1,"box":{"x":305,"y":345,"width":44,"height":5}},{"id":"bde2eb55-3231-463a-80be-9184bff81bf3","block_type":"box","text":"UCITS","page_number":1,"box":{"x":375,"y":345,"width":26,"height":5}},{"id":"50e49de1-e11a-40a6-a7f2-180c7e779a58","block_type":"box","text":"2","page_number":1,"box":{"x":490,"y":345,"width":4,"height":5}},{"id":"7d6640ef-7ed1-4f0c-be59-16f9da02726c","block_type":"box","text":"H04269US","page_number":1,"box":{"x":562,"y":345,"width":46,"height":5}},{"id":"1b6c4cb1-d543-4f13-9736-a26947e883f1","block_type":"box","text":"Ireland","page_number":1,"box":{"x":636,"y":345,"width":28,"height":5}},{"id":"75df8814-ba8e-4402-a874-2ff1d56cc779","block_type":"box","text":"T+2","page_number":1,"box":{"x":751,"y":345,"width":15,"height":5}},{"id":"c8cb7ff1-62fe-4b52-aa3a-af86cdb4a0b9","block_type":"box","text":"Daily (T-1 16:00 Irish Time)","page_number":1,"box":{"x":833,"y":345,"width":115,"height":6}},{"id":"15c55647-bb2f-4b64-9b8e-9a227fa2f8fe","block_type":"box","text":"This is a marketing communication.","page_number":1,"box":{"x":38,"y":128,"width":229,"height":9}},{"id":"79cdedc4-1d0d-40fb-bb1a-0c8d41b70178","block_type":"box","text":"Factsheet","page_number":1,"box":{"x":39,"y":142,"width":84,"height":9}},{"id":"7b80de33-21c0-4d38-a1e3-ad9988c85693","block_type":"box","text":"|","page_number":1,"box":{"x":125,"y":142,"width":7,"height":12}},{"id":"c658629d-1d83-4582-a9cf-09f454f3e6b7","block_type":"box","text":"30 September 2026","page_number":1,"box":{"x":132,"y":143,"width":161,"height":10}},{"id":"882eed24-3a72-4b68-b1d5-de5503be07d0","block_type":"box","text":"Vanguard Global Short-Term Core Bond Fund","page_number":1,"box":{"x":38,"y":173,"width":654,"height":20}},{"id":"65b41384-e59e-4dde-9ee8-939463bcb287","block_type":"box","text":"USD Hedged Acc","page_number":1,"box":{"x":40,"y":198,"width":143,"height":13}},{"id":"edaed774-2922-45de-aee8-a260d26f62fa","block_type":"box","text":"Inception date: 14 July 2026","page_number":1,"box":{"x":40,"y":215,"width":200,"height":10}},{"id":"3f243b41-39ac-427b-ab63-3cc3dd2c01b7","block_type":"box","text":"Total assets (million) $27","page_number":1,"box":{"x":38,"y":231,"width":144,"height":8}},{"id":"8a434156-d1f9-467b-a0f7-eb3dc7c4d52b","block_type":"box","text":"|","page_number":1,"box":{"x":186,"y":232,"width":2,"height":7}},{"id":"2305cd6d-dc84-4537-811f-057453580f18","block_type":"box","text":"Share class assets (million) $10 as at 30 September 2026","page_number":1,"box":{"x":193,"y":231,"width":326,"height":9}},{"id":"523b70c8-75fc-4654-b8f7-892afeb85f99","block_type":"box","text":"Ongoing Charges Figure","page_number":1,"box":{"x":39,"y":432,"width":154,"height":9}},{"id":"69a33684-0e2f-44fe-a7a5-09c4db8a9a28","block_type":"box","text":"†","page_number":1,"box":{"x":194,"y":433,"width":4,"height":3}},{"id":"7d823a8e-a2ea-40f4-960f-f90ce4f4489e","block_type":"box","text":"0.25 %","page_number":1,"box":{"x":228,"y":433,"width":34,"height":6}},{"id":"e2d4b123-52e9-4ea8-8996-cea31418426c","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":"33bdbbde-175c-4d28-ab02-6f5884f5ac36","block_type":"box","text":"e Funds.","page_number":1,"box":{"x":761,"y":448,"width":41,"height":6}},{"id":"75ee66e9-db70-47b6-ac11-0e2e017bf458","block_type":"box","text":"Objectives and investment policy","page_number":1,"box":{"x":39,"y":467,"width":213,"height":9}},{"id":"3c730d58-7192-4b95-9448-c5c71a526a7b","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":486,"width":3,"height":2}},{"id":"58408db6-bc5c-44a0-8cbc-2492c8fb424f","block_type":"box","text":"The Fund aims to provide a higher total return (capital growth plus income) than the Bloomberg Global Aggregate 1-5 Year Index (the ”Index”)","page_number":1,"box":{"x":51,"y":483,"width":709,"height":8}},{"id":"3a41661a-84c3-4fff-a0be-62538def4854","block_type":"box","text":"after the fees and expenses of the","page_number":1,"box":{"x":764,"y":483,"width":171,"height":8}},{"id":"8b192cd4-77f2-4abf-9a48-99cb114d932a","block_type":"box","text":"Fund.","page_number":1,"box":{"x":51,"y":494,"width":27,"height":6}},{"id":"a59c4284-3176-4494-bd46-f4bcab516b20","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":508,"width":3,"height":3}},{"id":"b93570d0-9a53-44fa-b5a6-1cf1ef8e5f7f","block_type":"box","text":"The Fund employs an ”active management” strategy in aiming to outperform the Index and in doing so, the Investment Manager will follow distinct","page_number":1,"box":{"x":51,"y":506,"width":734,"height":8}},{"id":"230d8e5c-335a-48ca-af5a-4b49698d8938","block_type":"box","text":"approaches in managing the","page_number":1,"box":{"x":789,"y":506,"width":141,"height":8}},{"id":"fa06a9e2-a5cc-4052-a4f3-8772eed6bb20","block_type":"box","text":"Fund’s assets.","page_number":1,"box":{"x":51,"y":517,"width":69,"height":6}},{"id":"00232dc2-1dfb-481e-8901-d20fe380e98d","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":531,"width":3,"height":2}},{"id":"c59dd8cb-60c3-42b7-bcb0-0baa3a25f21b","block_type":"box","text":"The Fund will invest in global fixed income bonds, including fixed and floating rate issues, primarily made up of treasury, government-related, securi","page_number":1,"box":{"x":51,"y":529,"width":733,"height":8}},{"id":"de336ec2-91bc-40e6-9b49-5c134dba7ce0","block_type":"box","text":"tised, and corporate debt, with","page_number":1,"box":{"x":785,"y":529,"width":154,"height":8}},{"id":"0a227bb1-0587-4026-b690-228936fbcee5","block_type":"box","text":"maturities typically of between one and up to, but not including, five years, from developed and emerging market issuers. The Fund will primarily inve","page_number":1,"box":{"x":51,"y":540,"width":742,"height":7}},{"id":"639fb1e6-54c3-465e-9842-2638d9df1516","block_type":"box","text":"st in investment grade bonds","page_number":1,"box":{"x":794,"y":540,"width":144,"height":7}},{"id":"f585c480-3338-4376-8a5d-6c1cb7de0473","block_type":"box","text":"with a rating of the equivalent of Baa3 and above by Moody‘s or another independent rating agency or, which are determined to be of comparable qual","page_number":1,"box":{"x":51,"y":550,"width":754,"height":8}},{"id":"c7ad1638-2520-4879-b0e2-33f1758827b5","block_type":"box","text":"ity by the Investment","page_number":1,"box":{"x":807,"y":550,"width":105,"height":8}},{"id":"53821797-9919-4e2d-b3a6-0b8d80bea4e3","block_type":"box","text":"Manager.","page_number":1,"box":{"x":51,"y":561,"width":46,"height":7}},{"id":"2498ec0a-531f-43ea-ac84-ac99e42ca0f2","block_type":"box","text":"•","page_number":1,"box":{"x":39,"y":575,"width":3,"height":2}},{"id":"60588375-dd21-416c-8954-099052676037","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":"abbf409f-7117-4ce9-b378-883fc64210c1","block_type":"box","text":"ection and fixed income sector","page_number":1,"box":{"x":782,"y":573,"width":152,"height":6}},{"id":"39bb3f0b-065b-44df-8826-0f09a8544e05","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":"a8c54371-6a43-4cc6-919a-9306f8d0bbb0","block_type":"box","text":"ndex may be restricted by","page_number":1,"box":{"x":805,"y":583,"width":128,"height":8}},{"id":"2537a38a-75b5-4155-a6fb-c2c2aec57ab6","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":"663c134f-348b-4317-ae52-8d7de1ba89f1","block_type":"box","text":"the Index. Such constraints may","page_number":1,"box":{"x":797,"y":594,"width":160,"height":8}},{"id":"14a89afc-22de-4bb9-9966-171583e8434f","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":"6f300a33-19c4-4593-9a4b-f0f6484609e9","block_type":"box","text":"Investment manager","page_number":1,"box":{"x":39,"y":626,"width":133,"height":9}},{"id":"c2244115-9e13-4d66-b881-f11ac904971b","block_type":"box","text":"Vanguard Asset Management, Limited","page_number":1,"box":{"x":38,"y":645,"width":193,"height":8}},{"id":"564c6b6f-0b78-4c2e-8947-b561827ef9e4","block_type":"box","text":"‡","page_number":1,"box":{"x":33,"y":964,"width":4,"height":6}},{"id":"c374ef11-fe8f-4069-8300-78b47e1eaa71","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":1,"box":{"x":42,"y":964,"width":206,"height":7}},{"id":"83a4e116-9986-4e2a-9454-24d5f88c0600","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":"64d352fb-3c40-4991-8333-8d35a908cea5","block_type":"box","text":"Vanguard Global Short-Term Core Bond Fund","page_number":2,"box":{"x":38,"y":32,"width":654,"height":20}},{"id":"6db0af7b-8572-4665-8299-c4c88964fceb","block_type":"box","text":"USD Hedged Acc","page_number":2,"box":{"x":40,"y":57,"width":143,"height":13}},{"id":"a547c7b4-6eb9-44a6-9d10-76f5e98bae00","block_type":"box","text":"Performance summary","page_number":2,"box":{"x":39,"y":124,"width":127,"height":8}},{"id":"70029227-c70d-4bb1-8ee8-c8326a2eefe3","block_type":"box","text":"USD","page_number":2,"box":{"x":39,"y":142,"width":21,"height":6}},{"id":"cfb7a804-fecb-41c7-a056-a52c77eb1815","block_type":"box","text":"—","page_number":2,"box":{"x":61,"y":145,"width":8,"height":1}},{"id":"3e456d7b-49c9-4378-8cd0-e565e8153b3e","block_type":"box","text":"Vanguard Global Short-Term Core Bond Fund","page_number":2,"box":{"x":69,"y":142,"width":228,"height":8}},{"id":"26e40e13-0d27-49bc-93d7-195fc469ffd2","block_type":"box","text":"Benchmark","page_number":2,"box":{"x":39,"y":153,"width":56,"height":6}},{"id":"47183f50-ed70-4eee-acb5-894307b310dd","block_type":"box","text":"— Bloomberg Global Aggregate 1-5 Year Index Hedged in USD","page_number":2,"box":{"x":98,"y":153,"width":307,"height":7}},{"id":"69746cca-3005-478c-a756-4b9a4ec6d2b3","block_type":"box","text":"This fund was launched on 14 July 2026.","page_number":2,"box":{"x":136,"y":223,"width":227,"height":8}},{"id":"acc81e27-3ab4-426d-9677-a21ced2d85b6","block_type":"box","text":"Performance data will be available after one year.","page_number":2,"box":{"x":108,"y":235,"width":284,"height":8}},{"id":"37eec91b-d20b-412b-8623-5ddd81953257","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":"d47fb87c-cd80-4c15-bfde-7c19bdf3020c","block_type":"box","text":"Characteristics","page_number":3,"box":{"x":39,"y":95,"width":87,"height":6}},{"id":"4fcf1a2e-d735-4817-a1aa-11ac8ef54421","block_type":"box","text":"Fund","page_number":3,"box":{"x":610,"y":96,"width":20,"height":5}},{"id":"01f3604f-8027-4c1a-a53b-b3ca1d5f3a4a","block_type":"box","text":"Benchmark","page_number":3,"box":{"x":765,"y":96,"width":47,"height":5}},{"id":"1e282ad2-6989-4fcd-a0c8-c7af438c6ba9","block_type":"box","text":"Number of bonds","page_number":3,"box":{"x":39,"y":107,"width":73,"height":5}},{"id":"62dd286d-a905-40be-a70d-ddb885d9e7e2","block_type":"box","text":"215","page_number":3,"box":{"x":614,"y":107,"width":16,"height":5}},{"id":"63675081-fdc5-46f9-8d75-e0622a3db9a4","block_type":"box","text":"16,278","page_number":3,"box":{"x":782,"y":107,"width":29,"height":6}},{"id":"5d39ffad-de04-4f9f-8f16-f66937d1441b","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":118,"width":60,"height":5}},{"id":"7b83fd41-1438-420a-b71b-506f51c6c6ae","block_type":"box","text":"4.96%","page_number":3,"box":{"x":603,"y":118,"width":27,"height":5}},{"id":"ced5a1d6-004d-45ac-a87c-1299ecd42d09","block_type":"box","text":"4.01%","page_number":3,"box":{"x":784,"y":118,"width":27,"height":5}},{"id":"1d11ea5f-4bdd-4222-a290-e4b16a6b8f87","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":130,"width":69,"height":6}},{"id":"1fb562f9-8d21-48ed-8886-9c9f0b9d72d9","block_type":"box","text":"4.3%","page_number":3,"box":{"x":609,"y":130,"width":21,"height":5}},{"id":"04b1170e-891e-44c2-ab72-2f92f023fcbf","block_type":"box","text":"3.0%","page_number":3,"box":{"x":790,"y":130,"width":21,"height":5}},{"id":"38a678fc-c63e-4720-a2c4-b4e0459a528d","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":142,"width":76,"height":6}},{"id":"02dd2731-94e2-4029-9f64-1d913d538e96","block_type":"box","text":"4.3 years","page_number":3,"box":{"x":592,"y":141,"width":38,"height":7}},{"id":"d3184b1a-7a7b-4961-8291-ae4f2d2c4b46","block_type":"box","text":"2.9 years","page_number":3,"box":{"x":774,"y":141,"width":38,"height":7}},{"id":"8df8be7e-ee90-4a81-b764-a7a510bd7a77","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":153,"width":67,"height":6}},{"id":"90672066-faf9-43ea-8baa-13f93173b7ed","block_type":"box","text":"A","page_number":3,"box":{"x":624,"y":153,"width":6,"height":5}},{"id":"c873af1f-5fb3-4534-b372-1b582e014601","block_type":"box","text":"AA-","page_number":3,"box":{"x":796,"y":153,"width":16,"height":5}},{"id":"21377fef-55ca-4017-b9cf-09577f01ca5f","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":164,"width":74,"height":7}},{"id":"d590570d-3767-43c0-8c27-5577d2d58900","block_type":"box","text":"2.6 years","page_number":3,"box":{"x":592,"y":165,"width":38,"height":6}},{"id":"1ffadd26-c1cf-4b65-aeeb-e45a28ee8e30","block_type":"box","text":"2.7 years","page_number":3,"box":{"x":774,"y":165,"width":38,"height":6}},{"id":"eda37523-abca-4bff-814f-8651b4d6647a","block_type":"box","text":"Cash investment*","page_number":3,"box":{"x":39,"y":176,"width":75,"height":5}},{"id":"87ed4ccf-2012-44a7-938b-a80444c20506","block_type":"box","text":"-12.0%","page_number":3,"box":{"x":599,"y":176,"width":31,"height":5}},{"id":"ad63cdd8-e2fa-466a-adfa-607c21c6c4e4","block_type":"box","text":"—","page_number":3,"box":{"x":805,"y":179,"width":7,"height":1}},{"id":"d237d72c-ce6a-49e7-af1f-471bf2762a20","block_type":"box","text":"Market allocation","page_number":3,"box":{"x":39,"y":205,"width":99,"height":6}},{"id":"ddc304b3-2efd-40ef-853a-10b69cf4e462","block_type":"box","text":"United States","page_number":3,"box":{"x":163,"y":227,"width":58,"height":5}},{"id":"903723b8-058c-4790-822f-80ea8e56b4d8","block_type":"box","text":"32.4","page_number":3,"box":{"x":434,"y":227,"width":18,"height":5}},{"id":"6468b3a9-9821-4e9e-9132-960b356912b2","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":227,"width":8,"height":5}},{"id":"7b2061df-e1db-497b-8dc1-af3db6ef6fad","block_type":"box","text":"United Kingdom","page_number":3,"box":{"x":163,"y":238,"width":68,"height":7}},{"id":"a08a1d43-9e4c-4d2f-8244-1af98da9e6eb","block_type":"box","text":"7.0","page_number":3,"box":{"x":440,"y":238,"width":12,"height":5}},{"id":"ec22daa5-0e59-49e5-ad50-c94cf68b7660","block_type":"box","text":"Korea","page_number":3,"box":{"x":163,"y":249,"width":24,"height":5}},{"id":"ee93d4af-a7b7-47c8-89d8-0ac1dcba4130","block_type":"box","text":"6.0","page_number":3,"box":{"x":439,"y":249,"width":13,"height":5}},{"id":"54755a27-47d9-48cc-95f3-6c25cc3d9a31","block_type":"box","text":"France","page_number":3,"box":{"x":163,"y":260,"width":28,"height":5}},{"id":"53e0a81c-40f5-42a5-8382-e524cf4e6ef4","block_type":"box","text":"6.0","page_number":3,"box":{"x":439,"y":260,"width":13,"height":5}},{"id":"4cd1c94b-b7b7-4ccd-8e7d-e7e63dbcd017","block_type":"box","text":"Spain","page_number":3,"box":{"x":162,"y":271,"width":24,"height":6}},{"id":"1fe401f4-e721-49dc-a00e-66d59496df47","block_type":"box","text":"5.9","page_number":3,"box":{"x":440,"y":271,"width":12,"height":5}},{"id":"afb12958-57e7-4a54-8ef5-bbfd7e891167","block_type":"box","text":"Japan","page_number":3,"box":{"x":511,"y":227,"width":26,"height":7}},{"id":"ae7ca066-9c22-46bb-ad2d-d93eb56ee9b5","block_type":"box","text":"4.8","page_number":3,"box":{"x":786,"y":227,"width":13,"height":5}},{"id":"8d16cd64-b1e7-4822-a32c-636a5dfd705d","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":227,"width":8,"height":5}},{"id":"e0cd4d35-5cf2-48b8-b0cc-e85f5f11866f","block_type":"box","text":"Australia","page_number":3,"box":{"x":511,"y":238,"width":38,"height":5}},{"id":"ac551110-b07e-4c02-b3ac-6ea7f4063eb2","block_type":"box","text":"4.6","page_number":3,"box":{"x":786,"y":238,"width":13,"height":5}},{"id":"eb4180b7-e7bf-40ee-9b83-c5f215fe0d4b","block_type":"box","text":"Germany","page_number":3,"box":{"x":511,"y":249,"width":39,"height":6}},{"id":"4348f5e7-60cb-4eda-ac4c-06f730b76f9c","block_type":"box","text":"3.9","page_number":3,"box":{"x":786,"y":249,"width":13,"height":5}},{"id":"9a6a98f6-c265-4c70-adb3-a2f9276183a4","block_type":"box","text":"Italy","page_number":3,"box":{"x":512,"y":260,"width":18,"height":6}},{"id":"f8eb3677-b47d-49d5-88e2-42ed01333488","block_type":"box","text":"3.7","page_number":3,"box":{"x":786,"y":260,"width":13,"height":5}},{"id":"3e6d254d-c5b3-4757-a868-e5757c52cc1d","block_type":"box","text":"Poland","page_number":3,"box":{"x":512,"y":271,"width":28,"height":5}},{"id":"f6871e0f-8b2a-47f7-96d2-2921ffa1af22","block_type":"box","text":"3.3","page_number":3,"box":{"x":786,"y":271,"width":12,"height":5}},{"id":"4e0aa7b5-8182-497b-80f9-398570f31734","block_type":"box","text":"Distribution by credit maturity (% of fund)","page_number":3,"box":{"x":39,"y":304,"width":240,"height":8}},{"id":"58dfeb17-8e7a-4fcb-8d78-c708da606f48","block_type":"box","text":"Distribution by credit quality (% of fund)","page_number":3,"box":{"x":39,"y":404,"width":229,"height":8}},{"id":"40f8c14e-6e2c-438b-8c8d-2f7ba7ed3e03","block_type":"box","text":"AAA","page_number":3,"box":{"x":163,"y":426,"width":19,"height":5}},{"id":"5804cd65-d8d6-444a-bb9f-3fdc702fe2a7","block_type":"box","text":"10.1","page_number":3,"box":{"x":435,"y":426,"width":18,"height":5}},{"id":"d0b78b65-5ddc-47f2-8c60-f05db9c28711","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":426,"width":8,"height":5}},{"id":"23740059-bec6-4c2d-9e31-3210653f1150","block_type":"box","text":"Not Rated","page_number":3,"box":{"x":512,"y":426,"width":43,"height":5}},{"id":"2a7c8a4e-c3fb-4d51-bc2f-83d78d2650f9","block_type":"box","text":"-10.4","page_number":3,"box":{"x":777,"y":426,"width":22,"height":5}},{"id":"f26861a6-2fea-44cc-ad4f-fe04be2609d0","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":426,"width":8,"height":5}},{"id":"dd3ef0c4-931f-4305-9a98-8773ef45b419","block_type":"box","text":"AA","page_number":3,"box":{"x":163,"y":437,"width":12,"height":5}},{"id":"52a193d3-2d91-43d3-a1c4-8282c0b4ed8d","block_type":"box","text":"31.6","page_number":3,"box":{"x":435,"y":437,"width":18,"height":5}},{"id":"262cc376-4f3b-40c7-8d9d-6cdf533df98e","block_type":"box","text":"A","page_number":3,"box":{"x":163,"y":448,"width":6,"height":5}},{"id":"1032d0e5-9eb2-40ac-998c-ad8431feb549","block_type":"box","text":"28.4","page_number":3,"box":{"x":435,"y":448,"width":18,"height":5}},{"id":"653f2207-8294-4cb6-87a9-b1621faeec76","block_type":"box","text":"BBB","page_number":3,"box":{"x":164,"y":459,"width":17,"height":5}},{"id":"0e18173a-7117-4f2d-9333-0cf77483e18e","block_type":"box","text":"37.7","page_number":3,"box":{"x":435,"y":459,"width":18,"height":5}},{"id":"62829185-1b68-4c33-b226-d497a31ac4ce","block_type":"box","text":"Less than BBB","page_number":3,"box":{"x":164,"y":470,"width":61,"height":5}},{"id":"b2da3624-b668-44e4-a660-ea21bf27d49e","block_type":"box","text":"2.7","page_number":3,"box":{"x":441,"y":470,"width":12,"height":5}},{"id":"00046e65-828b-41ae-b838-c323852c9bc0","block_type":"box","text":"Distribution by issuer (% of fund)","page_number":3,"box":{"x":39,"y":542,"width":186,"height":8}},{"id":"fe0e9f2d-1ff8-4cbe-8ef7-2b15cc50d4f0","block_type":"box","text":"Source: Vanguard","page_number":3,"box":{"x":39,"y":678,"width":90,"height":7}},{"id":"035ae0ec-b54d-45d8-943a-bdff63217e34","block_type":"box","text":"Vanguard Global Short-Term Core Bond Fund","page_number":3,"box":{"x":38,"y":31,"width":618,"height":19}},{"id":"5be3c60d-1056-41a9-9fb4-0fb838c89232","block_type":"box","text":"USD Hedged Acc","page_number":3,"box":{"x":40,"y":55,"width":143,"height":13}},{"id":"2eeebdad-2fcc-4108-8e6b-44c1173bc105","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":"1bb0a691-4393-40e9-b633-492843504753","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":"6c57ae0a-cb62-402c-88a8-d43ec0e47493","block_type":"box","text":"Treasury/federal","page_number":3,"box":{"x":162,"y":562,"width":72,"height":7}},{"id":"b75d8b3e-c479-40a5-9e1e-e2f53db47519","block_type":"box","text":"25.6","page_number":3,"box":{"x":434,"y":563,"width":18,"height":5}},{"id":"6926adb0-8744-4208-b8cd-30c4b5583c1d","block_type":"box","text":"%","page_number":3,"box":{"x":453,"y":563,"width":8,"height":5}},{"id":"00982a7b-a03e-4a40-9b3a-421da7410e5d","block_type":"box","text":"Government-related - agencies","page_number":3,"box":{"x":162,"y":575,"width":133,"height":6}},{"id":"a1f7471b-6126-428f-aa9c-813aa92e1bd3","block_type":"box","text":"20.5","page_number":3,"box":{"x":434,"y":575,"width":18,"height":5}},{"id":"1f4d4db7-8403-47fd-979b-90ad2e9baa30","block_type":"box","text":"Corporate - financial institutions","page_number":3,"box":{"x":162,"y":586,"width":140,"height":7}},{"id":"fc47cbc0-c258-4797-944b-8d2eea3d8835","block_type":"box","text":"18.9","page_number":3,"box":{"x":434,"y":587,"width":18,"height":5}},{"id":"fd254b96-a8bf-48ad-b3a9-9811fee446e9","block_type":"box","text":"Government-related - sovereign","page_number":3,"box":{"x":162,"y":598,"width":137,"height":7}},{"id":"80eb8383-eb20-471a-8a99-b098366c24cb","block_type":"box","text":"10.7","page_number":3,"box":{"x":434,"y":599,"width":18,"height":5}},{"id":"4c23d1c1-c949-4322-a462-29cf35cf06ce","block_type":"box","text":"Corporate - industrials","page_number":3,"box":{"x":162,"y":610,"width":97,"height":7}},{"id":"a170f392-8975-488c-b9bf-3045574abdc1","block_type":"box","text":"10.0","page_number":3,"box":{"x":434,"y":611,"width":18,"height":5}},{"id":"8b5494d7-1527-4c09-a250-0c039833da77","block_type":"box","text":"Mortgage backed security pass-through","page_number":3,"box":{"x":512,"y":563,"width":170,"height":6}},{"id":"1757873d-7254-43ea-aea1-3d4c251a48d3","block_type":"box","text":"5.3","page_number":3,"box":{"x":786,"y":563,"width":12,"height":5}},{"id":"76fa11cf-9cb8-4f0a-82ff-187506b7ede5","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":563,"width":8,"height":5}},{"id":"4db044f0-fb16-4fcf-b9e0-31a9ffbb6ba3","block_type":"box","text":"Government-related - local authority","page_number":3,"box":{"x":511,"y":575,"width":158,"height":6}},{"id":"ff4b65ba-77a8-4556-a4aa-a837fc651f4e","block_type":"box","text":"4.7","page_number":3,"box":{"x":786,"y":575,"width":13,"height":5}},{"id":"3ab6a163-187d-4fc7-ad2d-834c0193494b","block_type":"box","text":"Securitised","page_number":3,"box":{"x":511,"y":586,"width":47,"height":6}},{"id":"7f6a90dc-cf2c-4237-bf19-f693cc627c9c","block_type":"box","text":"4.6","page_number":3,"box":{"x":786,"y":587,"width":13,"height":5}},{"id":"2971352d-34cc-4ac9-a55b-98465420428b","block_type":"box","text":"Other","page_number":3,"box":{"x":511,"y":598,"width":25,"height":6}},{"id":"28e821a3-494e-4152-b9ab-c2d1d260957b","block_type":"box","text":"4.2","page_number":3,"box":{"x":786,"y":599,"width":12,"height":5}},{"id":"805b3599-f243-48f8-ae50-604162754eed","block_type":"box","text":"Government-related - supranationals","page_number":3,"box":{"x":511,"y":610,"width":160,"height":7}},{"id":"0607df6e-9108-4438-a472-67af62d3766a","block_type":"box","text":"3.1","page_number":3,"box":{"x":786,"y":611,"width":13,"height":5}},{"id":"b68e974c-01ac-4974-ac58-c63b6a69464a","block_type":"box","text":"Glossary for fund characteristics","page_number":3,"box":{"x":39,"y":704,"width":184,"height":7}},{"id":"cb68b943-c930-4cd8-8e80-60c0e4eb7921","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":719,"width":745,"height":8}},{"id":"83b753dc-7378-42c4-9761-d0c19430544f","block_type":"box","text":"ex average. These","page_number":3,"box":{"x":784,"y":719,"width":88,"height":8}},{"id":"d8c59158-d6da-4512-84bc-d9fbd986fbb1","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":729,"width":761,"height":7}},{"id":"cb592840-3b0b-41cd-9f69-dbd7151d0b03","block_type":"box","text":"of the fund’s","page_number":3,"box":{"x":803,"y":729,"width":63,"height":6}},{"id":"cf7f9c38-6753-4b7a-8c30-31d43c7931c4","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":738,"width":426,"height":8}},{"id":"52170a3e-049c-47e9-86d8-5ac79b92e581","block_type":"box","text":"Yield to worst","page_number":3,"box":{"x":38,"y":752,"width":72,"height":6}},{"id":"5caa8d8b-45c1-4bc3-b2f4-00342eee4e64","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":752,"width":566,"height":8}},{"id":"33c6ac52-fa16-4282-8091-3b4d4953c3ec","block_type":"box","text":"Average coupon","page_number":3,"box":{"x":38,"y":766,"width":82,"height":7}},{"id":"2684f791-c789-4f07-971a-b5e65c24ead4","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":766,"width":612,"height":7}},{"id":"f3cf874d-139d-4a90-8650-df52291d5363","block_type":"box","text":"Average maturity","page_number":3,"box":{"x":38,"y":779,"width":91,"height":8}},{"id":"96bd41e2-15d6-48e0-ae39-f7c85944cdd6","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":779,"width":719,"height":8}},{"id":"fde623ca-da4b-4473-9bd3-f762debe1f32","block_type":"box","text":"hat the","page_number":3,"box":{"x":852,"y":779,"width":35,"height":6}},{"id":"daa6b193-6abc-4e05-8539-dd8671346012","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":789,"width":727,"height":7}},{"id":"cf1d2ce5-4fee-4b28-a1ec-b99a5cb28020","block_type":"box","text":"y futures contracts held. In","page_number":3,"box":{"x":767,"y":789,"width":133,"height":7}},{"id":"8599236d-3124-44e8-93ae-fad0dfd4bf75","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":798,"width":710,"height":8}},{"id":"3f583270-c186-4c08-9ca5-5b44552188f0","block_type":"box","text":"Average quality","page_number":3,"box":{"x":38,"y":812,"width":81,"height":7}},{"id":"6124c47e-20b7-434b-b456-46f812e7e642","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":812,"width":694,"height":7}},{"id":"6dfe160e-8d15-4fde-8300-e5844c3df865","block_type":"box","text":"e agencies make","page_number":3,"box":{"x":818,"y":812,"width":81,"height":7}},{"id":"f49fdee3-c389-46f4-853a-5018a7f2d312","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":821,"width":717,"height":8}},{"id":"1f1091f7-f107-4dda-a442-8837504d3dd8","block_type":"box","text":"itworthy bond issuers.","page_number":3,"box":{"x":756,"y":821,"width":109,"height":8}},{"id":"41f785a1-a89b-4ee7-b5f9-26cf292e6dbe","block_type":"box","text":"Average duration","page_number":3,"box":{"x":38,"y":835,"width":88,"height":8}},{"id":"699edd1b-7803-41ea-a4dc-c5ee78c35738","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":835,"width":735,"height":7}},{"id":"11c2bc5f-01a8-4149-8374-e0181f48f530","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":844,"width":729,"height":8}},{"id":"fdf3e5b8-30dc-4b5d-8544-bb2f62310e32","block_type":"box","text":"verage duration of five","page_number":3,"box":{"x":769,"y":844,"width":114,"height":8}},{"id":"c0103041-bcf1-45d2-bc91-5154d5dcd435","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":854,"width":505,"height":7}},{"id":"f54c887a-0fb2-4f98-8f0c-1d93f55f7f87","block_type":"box","text":"Distribution yield","page_number":3,"box":{"x":39,"y":867,"width":86,"height":8}},{"id":"279e0624-54e9-46d4-9207-b7b21cd51f80","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":867,"width":765,"height":8}},{"id":"4092d1b8-4339-4e0f-80f0-de910d7eef43","block_type":"box","text":".","page_number":3,"box":{"x":895,"y":873,"width":1,"height":0}},{"id":"e611abfc-43ce-477a-9b39-4a13b031ce08","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":877,"width":719,"height":7}},{"id":"ffc7d923-8fbd-4b82-9135-ab70f4a76558","block_type":"box","text":"Under 1 Year","page_number":3,"box":{"x":164,"y":325,"width":55,"height":5}},{"id":"90f09740-2634-43a7-9b5f-caf12445750b","block_type":"box","text":"-10.6","page_number":3,"box":{"x":431,"y":325,"width":22,"height":5}},{"id":"a29249d8-4c4a-4998-9455-ac477f154997","block_type":"box","text":"%","page_number":3,"box":{"x":454,"y":325,"width":8,"height":5}},{"id":"cf473157-6d1a-41a2-9990-5c084c17c8f8","block_type":"box","text":"Over 5 Years","page_number":3,"box":{"x":511,"y":325,"width":54,"height":5}},{"id":"46649320-c1a6-410e-b44c-42db06d46c2a","block_type":"box","text":"24.9","page_number":3,"box":{"x":781,"y":325,"width":18,"height":5}},{"id":"fad0542e-5185-4d59-b37c-1a7155ec6ea9","block_type":"box","text":"%","page_number":3,"box":{"x":800,"y":325,"width":8,"height":5}},{"id":"c18005f6-7995-4b00-88bd-40a16b4c3935","block_type":"box","text":"1 - 2 Years","page_number":3,"box":{"x":164,"y":336,"width":44,"height":5}},{"id":"c71afb13-273a-45fb-9590-655bec200b88","block_type":"box","text":"11.0","page_number":3,"box":{"x":435,"y":336,"width":18,"height":5}},{"id":"6aa365d1-a8d9-41fe-85b7-f6eaed3dc649","block_type":"box","text":"2 - 3 Years","page_number":3,"box":{"x":164,"y":347,"width":44,"height":5}},{"id":"5884b355-f3ac-41db-97c3-d49baf2ea648","block_type":"box","text":"27.1","page_number":3,"box":{"x":435,"y":347,"width":18,"height":5}},{"id":"195d8e4a-9c16-4cd3-9655-47c0c27cd497","block_type":"box","text":"3 - 4 Years","page_number":3,"box":{"x":163,"y":358,"width":45,"height":5}},{"id":"3c633e77-a213-4f32-b6a3-296b7677cbf2","block_type":"box","text":"28.0","page_number":3,"box":{"x":435,"y":358,"width":18,"height":5}},{"id":"c47f1758-e38f-4c22-82ae-492c263c464b","block_type":"box","text":"4 - 5 Years","page_number":3,"box":{"x":163,"y":369,"width":45,"height":5}},{"id":"88514e7a-9fe0-44c6-8dc9-4bf65bdad4f9","block_type":"box","text":"19.6","page_number":3,"box":{"x":435,"y":369,"width":18,"height":5}},{"id":"e2f540f0-045c-4643-8e2e-24b4f0381961","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":631,"width":748,"height":8}},{"id":"8a2b5c96-e1c7-43ad-954a-df2590e514e1","block_type":"box","text":"in negative weightings.","page_number":3,"box":{"x":790,"y":631,"width":114,"height":8}},{"id":"2adbf019-529b-4f21-a546-bb57588149c7","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":642,"width":781,"height":7}},{"id":"cba952c6-241a-49cc-b8d9-5a4441d795bd","block_type":"box","text":"llocations are","page_number":3,"box":{"x":820,"y":642,"width":66,"height":6}},{"id":"5856f8b1-d84b-4baf-825c-df3915cc115c","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":652,"width":734,"height":8}},{"id":"14e7692d-8b1d-4b2a-86c1-2eacecde8f06","block_type":"box","text":"ments.","page_number":3,"box":{"x":774,"y":653,"width":33,"height":5}},{"id":"9e425ae3-cd64-49d4-b0e9-09953e8ab145","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":497,"width":739,"height":7}},{"id":"31e6cc0b-6b3b-45a2-88a7-6331be159f27","block_type":"box","text":"& Poor’s. When ratings","page_number":3,"box":{"x":782,"y":497,"width":114,"height":7}},{"id":"fc034849-2750-4c10-ac05-1f96778b2e42","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":507,"width":739,"height":8}},{"id":"c39303f1-c356-447e-8c0f-5db6ddb6f320","block_type":"box","text":"one rating is available,","page_number":3,"box":{"x":781,"y":507,"width":110,"height":8}},{"id":"5ffc817c-13dd-4c63-a730-5a5cc5c02014","block_type":"box","text":"that rating is used.","page_number":3,"box":{"x":38,"y":518,"width":94,"height":8}},{"id":"f9c20848-433f-44f3-abae-180f2a2de8c2","block_type":"box","text":"Vanguard Global Short-Term Core Bond Fund","page_number":4,"box":{"x":38,"y":32,"width":654,"height":20}},{"id":"f632b564-04f2-4954-93f0-e11efe7d0635","block_type":"box","text":"USD Hedged Acc","page_number":4,"box":{"x":40,"y":57,"width":143,"height":13}},{"id":"ef76817a-b630-4d04-93fa-07972b54aa67","block_type":"box","text":"E176EN_092026","page_number":4,"box":{"x":897,"y":971,"width":69,"height":6}},{"id":"3630dbf9-8fe2-49c0-a502-4126b7755506","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":"7f074779-00b0-4f45-8de2-28e6ea806be0","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":"2038de5a-2760-4cad-b160-b51bff16d868","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":"879d3eb5-1811-40c8-b892-8fe4090bcf54","block_type":"box","text":"Web: http://global.vanguard.com","page_number":4,"box":{"x":38,"y":439,"width":169,"height":8}},{"id":"e169c1b7-adce-46cc-beaa-c548812a197a","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":"8654217c-6196-40f0-be2f-851507280b01","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":"5d071722-82f4-447e-87da-4a51446db8de","block_type":"box","text":"Email:","page_number":4,"box":{"x":39,"y":471,"width":30,"height":6}},{"id":"3a85e4c9-86b4-4a03-a927-acff4286393a","block_type":"box","text":"european_client_services@vanguard.co.uk","page_number":4,"box":{"x":73,"y":471,"width":209,"height":7}},{"id":"9c45bd20-7b9d-4598-9ddd-0da035342768","block_type":"box","text":"Important information","page_number":4,"box":{"x":39,"y":490,"width":126,"height":7}},{"id":"f9344ffc-0bdd-42fa-939c-19019179c25e","block_type":"box","text":"This is a marketing communication.","page_number":4,"box":{"x":38,"y":507,"width":179,"height":8}},{"id":"acf230eb-e68b-480c-a2dd-8b2bbfe1f950","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":"121d1db9-be0c-424b-9355-d1c5a1523d3c","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":"b01d2ce5-09bd-4af8-814c-187b7e631bb4","block_type":"box","text":"al investment decisions. The","page_number":4,"box":{"x":785,"y":544,"width":138,"height":6}},{"id":"89525dfe-2e6d-4cba-bf1a-9798c0996f2a","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":"9365e4bf-8eb4-4de5-ace5-68fcf1f5a7b5","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":"48eeeb0e-7c32-4941-93cd-e4450f99e49c","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":"96978fe7-1ae2-467f-8737-66d33fd04c5b","block_type":"box","text":"risdiction where such an offer or","page_number":4,"box":{"x":748,"y":580,"width":161,"height":7}},{"id":"613de7c2-bae5-40ff-86ba-bf8f571093c6","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":"d86712c3-d40d-48bc-8964-eab634b44f43","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":"af787773-259f-48e9-a5a7-2cfb7eaafb2e","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":"b6128400-1c70-4f27-b65e-2a82d51ab37c","block_type":"box","text":"heir professional advisers on the","page_number":4,"box":{"x":773,"y":599,"width":160,"height":8}},{"id":"2bfd020c-aa6d-4425-9997-96b92b765a0e","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":"dc460150-4267-48e8-ad37-01c1d2ad2bad","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":"a6902d24-5ac6-486a-af42-c861a24e0547","block_type":"box","text":"certain EEA countries and the UK.","page_number":4,"box":{"x":759,"y":622,"width":168,"height":6}},{"id":"c33e456a-d400-47e2-9e54-be49c81f0341","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":"0674a240-79ec-4e9f-93ae-b98df00489ff","block_type":"box","text":"ional advisers on the","page_number":4,"box":{"x":784,"y":632,"width":101,"height":6}},{"id":"af30454a-e47e-490b-ad80-501bb2e07df6","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":"8cef01fa-d327-4942-af7e-381f60054312","block_type":"box","text":"er the law of the countries in","page_number":4,"box":{"x":785,"y":641,"width":142,"height":6}},{"id":"416f3e85-62a4-472c-b8ac-349a51c72eb8","block_type":"box","text":"which they are liable to taxation.","page_number":4,"box":{"x":38,"y":651,"width":163,"height":7}},{"id":"3c22da85-121a-4254-9634-0e2727595b9d","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":"ee9b4657-a89b-4d89-a57e-e883a423b56e","block_type":"box","text":"d Investment Series plc.","page_number":4,"box":{"x":797,"y":664,"width":117,"height":8}},{"id":"ae1c9692-c4d1-446c-a63d-329b24d694a6","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":"2bbb1f31-4f79-42b4-8312-4a378eb42846","block_type":"box","text":"ccordance with the","page_number":4,"box":{"x":813,"y":680,"width":95,"height":6}},{"id":"adff5c94-b408-4296-b142-d9e213eb149e","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":"8590ce71-4923-4d3c-9226-204b1e988aec","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":"cf71c023-fc39-41b7-86e2-515198c646d5","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":"7c9bc4e1-103c-4131-acb3-70272fd0e4e0","block_type":"box","text":"rman, French,","page_number":4,"box":{"x":831,"y":712,"width":67,"height":7}},{"id":"1950abd6-a755-4be7-8bfe-52ea777c2027","block_type":"box","text":"Spanish, Dutch and Italian.","page_number":4,"box":{"x":39,"y":721,"width":133,"height":8}},{"id":"9e9980b7-87b3-43ca-a3f2-e54685f49318","block_type":"box","text":"BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services","page_number":4,"box":{"x":39,"y":750,"width":757,"height":7}},{"id":"7a1e7b42-04e9-45fb-bd7b-d848c765dc58","block_type":"box","text":"Limited (“BISL”) (collectively,","page_number":4,"box":{"x":800,"y":750,"width":143,"height":7}},{"id":"bf66be24-7b68-4823-88fb-7ed2a6c5aedd","block_type":"box","text":"“Bloomberg”), or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices.","page_number":4,"box":{"x":39,"y":759,"width":452,"height":8}},{"id":"e102ab79-4338-4911-9d95-2fbef6d75da0","block_type":"box","text":"The products are not sponsored, endorsed, issued, sold or promoted by “Bloomberg.” Bloomberg makes no representation or warranty, express or imp","page_number":4,"box":{"x":38,"y":773,"width":747,"height":8}},{"id":"3ade718d-7c1e-4fab-afbf-0b58527a230f","block_type":"box","text":"lied, to the owners or","page_number":4,"box":{"x":787,"y":773,"width":104,"height":7}},{"id":"e1434633-5825-4604-9673-1d69fdccb999","block_type":"box","text":"purchasers of the products or any member of the public regarding the advisability of investing in securities generally or in the products particularly","page_number":4,"box":{"x":39,"y":782,"width":729,"height":8}},{"id":"cca5496b-101d-4455-a865-5cbf4b97ca75","block_type":"box","text":"or the ability of the Bloomberg","page_number":4,"box":{"x":771,"y":782,"width":153,"height":8}},{"id":"8982eccd-f6aa-48a9-b36d-a7d69c9f3cf3","block_type":"box","text":"Indices to track general bond market performance. Bloomberg shall not pass on the legality or suitability of the products with respect to any person o","page_number":4,"box":{"x":39,"y":792,"width":745,"height":7}},{"id":"5b6c7be4-20b5-41df-a8c3-8bbaf0673f95","block_type":"box","text":"r entity. Bloomberg’s only","page_number":4,"box":{"x":786,"y":792,"width":127,"height":7}},{"id":"17448821-9a00-4f74-ab71-4c7c67773ecf","block_type":"box","text":"relationship to Vanguard and the products are the licensing of the Bloomberg Indices which are determined, composed and calculated by BISL without reg","page_number":4,"box":{"x":39,"y":801,"width":769,"height":8}},{"id":"1af8fa5c-cea7-4893-8918-0bcbe08e2c9c","block_type":"box","text":"ard to Vanguard or the","page_number":4,"box":{"x":809,"y":801,"width":114,"height":8}},{"id":"536bc095-3210-4f38-b1d1-37bfb74d0184","block_type":"box","text":"products or any owners or purchasers of the products. Bloomberg has no obligation to take the needs of the products or the owners of the products into","page_number":4,"box":{"x":39,"y":810,"width":760,"height":8}},{"id":"a74f616a-b297-4c2b-8862-09e525e39c69","block_type":"box","text":"consideration in","page_number":4,"box":{"x":802,"y":811,"width":78,"height":6}},{"id":"fc86155d-4cf2-4b17-a14b-4f36d5e83eee","block_type":"box","text":"determining, composing or calculating the Bloomberg Indices. Bloomberg shall not be responsible for and has not participated in the determination of t","page_number":4,"box":{"x":39,"y":820,"width":753,"height":8}},{"id":"e87cf148-1a53-458e-a7e9-1b2a63c8cf5c","block_type":"box","text":"he timing of, prices at, or","page_number":4,"box":{"x":793,"y":820,"width":124,"height":8}},{"id":"745040a8-d840-4424-b1a7-4728a1531107","block_type":"box","text":"quantities of the products to be issued. Bloomberg shall not have any obligation or liability in connection with the administration, marketing or trad","page_number":4,"box":{"x":39,"y":829,"width":734,"height":8}},{"id":"3dab9e21-70f2-490e-9eef-5a7f0b2dd166","block_type":"box","text":"ing of the products.","page_number":4,"box":{"x":774,"y":829,"width":97,"height":8}},{"id":"36a1cf9a-ca30-4aff-a279-6af899476c6b","block_type":"box","text":"SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC.","page_number":4,"box":{"x":39,"y":843,"width":506,"height":8}},{"id":"d84aa88d-e81d-49f9-b015-402aed41c6ca","block_type":"box","text":"SEDOL Data has been provided from the London Stock Exchange’s","page_number":4,"box":{"x":39,"y":852,"width":326,"height":8}},{"id":"d001f4e3-b045-4f14-a6ca-deac1f98878c","block_type":"box","text":"SEDOL Masterfile®.","page_number":4,"box":{"x":368,"y":852,"width":98,"height":6}},{"id":"80e638ba-7821-49ea-8b77-a8d95957d52b","block_type":"box","text":"Investment risk information","page_number":4,"box":{"x":39,"y":111,"width":156,"height":6}},{"id":"24202736-7520-475b-a6b8-14f733390b88","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":"d1b89034-ee9a-446a-aea4-1b80dc433123","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":"f2a9ebb8-dccf-4570-8f08-dac37205d8c5","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":"9f201d9c-b2bb-4be8-acfd-8b8a64155fca","block_type":"box","text":"all.","page_number":4,"box":{"x":801,"y":152,"width":13,"height":6}},{"id":"87ad2daf-2873-44b8-a18d-3d659acffaed","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":"13c3a70a-7d29-4c67-b06f-90c458d14e1f","block_type":"box","text":"of income may fluctuate.","page_number":4,"box":{"x":767,"y":166,"width":124,"height":7}},{"id":"e80a1d90-7ed2-40fe-a724-336219f942be","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":"a6486886-e4f4-4a5e-9fe7-9f091c8243f7","block_type":"box","text":"may carry greater credit risk","page_number":4,"box":{"x":774,"y":175,"width":141,"height":8}},{"id":"e94571a5-47ed-40aa-b484-42799580974e","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":"ec2f2a54-c299-4f98-ac74-92a5181d7366","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"3ac8d05b-abbd-4584-8e7e-412b9edc81a5","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"1d92b936-ec5e-42d9-813d-1e035e746a38","block_type":"box","text":"The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":207,"width":744,"height":8}},{"id":"84be26fe-9e0b-4b8a-98e4-4b1d4f252e33","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"68bce3e0-e441-4c58-a982-91c9c0f4f19b","block_type":"box","text":"assets and result in greater fluctuations of the Fund’s net asset value. A derivative is a financial contract whose value is based on the value of","page_number":4,"box":{"x":39,"y":217,"width":706,"height":8}},{"id":"b9281f50-667b-487e-af9d-8628f47ad38e","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"255795ab-355c-4f63-ad16-d8c77bd90098","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"58238b08-3908-4c5e-8576-dacddfab8660","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":"852eb60b-f53e-454b-85d1-7fd717c3bb47","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"02146e16-b324-43f3-9117-d37687da3eb7","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":673,"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":"ac9ef8ce-2246-4131-ae9c-042636ca7fe1"},"user_id":1000002,"date_created":"2026-10-15T22:29:37.686000Z","date_modified":"2026-10-15T22:29:37.686000Z","private":false}