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 LifeStrategy® 20% Equity UCITS(EUR) Accumulating ETF (the "Fund") ISIN: IE00BMVB5K07 A sub-fund of Vanguard Funds PLC Manager: Vanguard Group (Ireland) Limited (“VGIL”) Objectives and investment policy value is based on the value of a financial asset (such as a share, bond, or • The Fund seeks to provide a combination of income and some long-term currency) or a market index. capital appreciation by investing in fixed income and equity securities, primarily through investment in other collective investment schemes. • The base currency of the Fund is EUR. • The Fund pursues an actively-managed investment strategy whereby the • The Fund attempts to remain fully invested and hold small amounts of cash investment manager has discretion over the composition of the Fund's except in extraordinary market, political or similar conditions where the portfolio holdings and is not managed with reference to a benchmark Fund may temporarily depart from this investment policy to avoid losses. index. However, as more particularly described below, the investment • The Fund invests in securities which are denominated in currencies other manager manages the Fund through pre-determined asset allocations to than the base currency. Movements in currency exchange rates can affect equity and fixed income securities using a combination of underlying the return of investments. collective investment schemes. • The Fund is appropriate for long-term investment. You should have an • The Fund will seek to achieve its investment objective by gaining exposureinvestment horizon of at least 3 years. to a diversified portfolio composed approximately of 20% by value of equity securities and 80% by value of fixed income securities. Such securities• Income from the ETF Shares will be reinvested and reflected in the price will, subject to the requirements of the Central Bank, be obtainedof shares in the ETF. predominantly via direct investment in passively managed exchange • Portfolio transaction costs will have an impact on performance. traded Funds (“ETFs”) or other collective investment schemes which track • ETF Shares in the Fund can be bought or sold on a daily basis (save on an index (together the “Target Funds”). The portfolio asset allocation maycertain bank / public holidays and subject to certain restrictions described be reconstituted and rebalanced from time to time at the discretion of thein Appendix 1 of the Prospectus or in a separate Supplement). ETF Shares investment manager. The Target Funds in which the Fund invests will beare listed on one or more stock exchange(s). Subject to certain exceptions UCITS and may include other sub-funds of Vanguard Funds plc. set out in the Prospectus, investors who are not Authorised Participants • The Fund's indirect exposures (via the Target Funds), will be to: (1) shares may only buy or sell ETF Shares through a company that is a member of of companies; and (2) fixed income securities, such as bonds, a relevant stock exchange at any time when that stock exchange is open denominated in multiple currencies, from both developed and emerging for business. A list of the days on which shares in the Fund cannot be markets issuers. The Fund's exposure to the Target Funds is not intended bought or sold is available on https://fund-docs.vanguard.com/holiday- to reflect any geographic or sectoral bias. The Fund will seek to indirectly calendar-vanguard-funds-plc-ETFs.pdf hedge the non-EUR currency exposure within the fixed income allocation For further information about the objectives and investment policy of of the Fund's portfolio to EUR, by investing in EUR hedged share classes the Fund, please see the supplement for the Fund ("Supplement") in of the Target Funds. the Vanguard Funds plc prospectus (the "Prospectus") on our website • The Fund may use derivatives in order to reduce risk or cost and/orat https://global.vanguard.com generate extra income or growth. A derivative is a financial contract whose Risk and reward profileLower risk Higher risk - Movements in currency exchange rates can adversely affect the return of your investment.Typically lower rewards Typically higher rewards - Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised 1 234 5 6 7 economic, market, political or regulatory events. - Use of derivatives. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the • This indicator is based on historical data and may not be a reliable Fund's net asset value. indication of the future risk profile of the Fund. The risk and reward indicator does not take account of the following • The risk category shown is not guaranteed and may change over time.risks of investing in the Fund: • The lowest category does not mean “risk free”. • Counterparty risk. The insolvency of any institutions providing services • The Fund is rated 4 due to the nature of its investments which include thesuch as safekeeping of assets or acting as counterparty to derivatives or risks listed below. These factors may impact the value of the Fund's other instruments, may expose the Fund to financial loss. investments or expose the Fund to losses. • Liquidity risk. Lower liquidity means there are insufficient buyers or sellers - The value of equities and bonds can be affected by factors such as stockto allow the Target Funds to sell or buy investments readily. This could market movements, interest rates, credit spreads and volatility. Othercause the Target Funds to incur higher costs when buying or selling driving factors include political, economic news, company earnings andinvestments or could mean that the Target Funds are not able to buy or significant corporate events. sell investments when they would like to do so. For further information on risks please see the “Risk Factors” section of the Prospectus on our website at https://global.vanguard.com 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 0.25% * 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 The ongoing charges figure is based on expenses for the year ended 31 Performance fee December 2024. This figure may vary from year to 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 performance10 • Past performance: • Is not a reliable indication of future performance. 5 • Includes ongoing charges and the reinvestment of income. It excludes entry and exit fees. • Has been calculated in EUR. 0 • Shares in the Fund were first issued in 2020. Per cent (%) • This share class was launched in 2020. -5 -10 -15 -20 2020 2021 2022 2023 2024 2.5% -15.7% 7.3% 5.1%FundPractical 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. • 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. • 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 10/02/2025.