Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Vanguard U.S. Treasury 1-3 Year Bond (USD) Accumulating Shares UCITS ETF (the "Fund") ISIN: IE000H3Q3AF6 A sub-fund of Vanguard Funds PLC Manager: Vanguard Group (Ireland) Limited (“VGIL”) Objectives and investment policy • The Fund employs a passive management – or indexing – investment • The Fund is appropriate for short-term investment. approach, through physical acquisition of securities, and seeks to track the • Income from the ETF Shares will be reinvested and reflected in the price performance of the Bloomberg US Treasury 1-3 Year Index (the “Index”). of shares in the ETF. • The Fund invests in a portfolio of fixed-rate, 1-3 Year US Dollar- • Portfolio transaction costs will have an impact on performance. denominated US Treasury securities that so far as possible and • ETF Shares in the Fund can be bought or sold on a daily basis (save on practicable consists of a representative sample of the component certain bank / public holidays and subject to certain restrictions described securities of the Index. in Appendix 1 of the Prospectus or in a separate Supplement). ETF Shares • The Index is designed to reflect the universe of US Dollar-denominated, are listed on one or more stock exchange(s). Subject to certain exceptions fixed rate, nominal debt issued by the US Treasury with maturities ofset out in the Prospectus, investors who are not Authorised Participants between one and up to, but not including, three years and which have a may only buy or sell ETF Shares through a company that is a member of par amount (i.e. the amount of money that issuers agree to repay to the a relevant stock exchange at any time when that stock exchange is open purchaser at the bond’s maturity) outstanding greater than or equal to for business. A list of the days on which shares in the Fund cannot be USD300 million. bought or sold is available on https://fund-docs.vanguard.com/holiday- • To a lesser extent the Fund may invest in similar types of governmentcalendar-vanguard-funds-plc-ETFs.pdf bonds outside the Index. For further information about the objectives and investment policy of • The Fund may use derivatives in order to reduce risk or cost and/orthe Fund, as well as the limited relationship with the Index provider, generate extra income or growth. A derivative is a financial contract whoseplease see the supplement for the Fund ("Supplement") and Appendix value is based on the value of a financial asset (such as a share, bond, or6 of the Vanguard Funds plc prospectus (the "Prospectus") on our currency) or a market index. website at https://global.vanguard.com • The base currency of the Fund is USD. • The Fund attempts to remain fully invested and hold small amounts of cash except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses. Risk and reward profileLower risk Higher riskThe risk and reward indicator does not take account of the following risks of investing in the Fund:Typically lower rewards Typically higher rewards• Counterparty risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. 1 234 5 6 7 • Liquidity risk. Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. This could cause the • This indicator is based on historical data and may not be a reliable Fund to incur higher costs when buying or selling investments or could indication of the future risk profile of the Fund.mean that the Fund is not able to buy or sell investments when it would like to do so. • The risk category shown is not guaranteed and may change over time. • Index tracking risk. The Fund is not expected to track the performance of • The lowest category does not mean “risk free”.the Index at all times with perfect accuracy. The Fund is, however, • The Fund is rated 2 due to the nature of its investments which include theexpected to provide investment results that, before expenses, generally risks listed below. These factors may impact the value of the Fund's correspond to the price and yield performance of the Index. investments or expose the Fund to losses. • Index sampling risk. The Fund uses an index sampling technique whereby - The value of bonds and fixed income-related securities is affected by a representative sample of securities are selected to represent the Index. influential factors such as interest rates, inflation, credit spreads and This means there is the risk that the securities selected for the Funds may volatility which, in turn, are driven by other factors including political, not, in the aggregate, approximate the full index. economic news, company earnings and significant corporate events. • Credit risk. The issuer of a financial asset held within the Fund may not - Investment risk is concentrated in specific sectors, countries, currencies pay income or repay capital to the Fund when due. or companies. This means the Fund is more sensitive to any localised • Inflation risk. The value of your investments may not be worth as much in economic, market, political or regulatory events. the future due to changes in purchasing power resulting from inflation. - Use of derivatives. The use of derivatives could increase or reduce For further information on risks please see the “Risk Factors” section exposure to underlying assets and result in greater fluctuations of theof the Prospectus on our website at https://global.vanguard.com Fund's net asset value. Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Investors who are not Authorised Participants ("APs") may have to pay fees to a stockbroker when you buy or sell on stock exchange(s). The fees are Entry charge* None available directly from your stockbroker and are not charged by, or payable to, the Fund. Exit charge* None The entry and exit charges shown are maximum figures and in some cases you might pay less. Investors can find out the actual entry and exit charges This is the maximum that might be taken out of your money before it is from their distributor and or adviser. invested / before the proceeds of your investment are paid out. APs dealing directly with the Fund will pay related transaction costs. For cash creations or redemptions there may be a cash transaction fee of a maximum Charges taken from the Fund over a year of 2% which is paid to the Fund, and all transactions will have associated transaction costs. Investors who are not APs will not pay these fees or costs. Ongoing charges 0.05% * In the case of a large subscription or redemption by an investor, that investor may have to pay an additional charge (e.g. anti-dilution levy) to the Charges taken from the Fund under certain specific conditions Fund to cover transaction costs incurred. None Ongoing charges have not been based on an ex-post calculation as the Performance fee share class was launched less than one calendar year ago. Ongoing charges have accordingly been estimated based on the expected total of charges that will be taken from the assets of the Fund over the course of a year. It excludes portfolio transaction costs. For further information about charges, please see the Supplement and the sections entitled “Buying Shares”, “Redeeming Shares”, and “Fees and Expenses” in the Prospectus on our website at https://global.vanguard.com Past performance• Shares in the Fund were first issued in 2025.1.2• This share class was launched in 2025. 1 0.8 There is insufficient data to provide a useful indication of Per cent (%) past performance to investors.0.6 0.4 0.202021 2022 2023 2024 2025 Fund IndexPractical information • Depositary: Brown Brothers Harriman Trustee Services (Ireland) Limited. • Documents, prices of shares and further information: You can obtain copies of the Prospectus and the latest annual and semi-annual report and accounts for Vanguard Funds plc (“VF”) along with the latest published prices of shares and other practical information, from VF c/o Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website at https://global.vanguard.com. Information on the Fund's portfolio disclosure policy and publication of the iNAV can be obtained at https://global.vanguard.com/portal/site/portal/ucits- documentation. The documents are available in English and are free of charge. • Prices: The last published prices of shares in the Fund are also available from the FT's website www.ft.com or https://global.vanguard.com. • Tax: VF is subject to the tax laws of Ireland. Depending on your country of residence, this may have an impact on your personal tax position. You are recommended to consult your professional tax adviser. • Liability: VGIL may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for VF.1 • Sub-funds: VF is an umbrella fund with a number of sub-funds. This document describes a sub-fund of VF. The prospectus and periodic reports are prepared for the entire company. • VF is an umbrella Fund with segregated liability between sub-funds. This means that the holdings of the Fund are maintained separately under Irish law from holdings of other sub-funds of VF and your investment in the Fund will not be affected by any claims against any other sub-fund of VF. • Shares: ETF Shares in the Fund may not be exchanged for ETF Shares in any other sub-funds of VF, however APs may, with prior approval, switch ETF Shares in the Fund to a different share class of the same Fund, where other share classes are available. • Information about other share classes offered by VF can be found in the prospectus or from our website at https://global.vanguard.com. • Further information on the Index Provider please see the Fund's prospectus. • Remuneration policy: Details of VGIL's Remuneration Policy are available at https://www.ie.vanguard/content/dam/intl/europe/documents/ch/en/ucits-v- remuneration-policy.pdf including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration and benefits. A paper copy of these details may be obtained, free of charge, on request from VGIL at 70 Sir John Rogerson's Quay, Dublin 2, Ireland. The Fund is authorised in Ireland and regulated by the Central Bank of Ireland (the “Central Bank”). VGIL is authorised in Ireland and regulated by the Central Bank. This key investor information is accurate as at 17/02/2026.