Key Information Document Purpose This document provides you with key information about this investment Fund. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this Fund and to help you compare it with other funds. Product Product: Vanguard Global Government Bond UCITS ETF (the "Fund") - GBP Hedged Accumulating Shares IE000AI6QNJ5 Vanguard Group (Ireland) Limited ("VGIL") Call +44 207 489 4305 for more information - https://global.vanguard.com - This Key Information Document is dated 24/03/2026. The Central Bank of Ireland (the “Central Bank”) is responsible for supervising VGIL in relation to this Key Information Document. The Fund is authorised in Ireland and has been registered for sale in other EEA Member States. VGIL is authorised in EEA Member States and regulated by the Central Bank. You are about to purchase a Fund that is not simple and may be difficult to understand. What is this product? Type: The Fund is a sub-fund of Vanguard Funds plc ("VF"), a UCITSInformation ontheFund'sportfoliocan be found at authorised by the Central Bank of Ireland.https://www.ie.vanguard/ products. The Indicative Net Asset Value for the Term: The Fund has no fixed maturity date, however it may be terminated Fund is calculated throughout the trading day and is published on in certain circumstances as described in the prospectus of VF (theBloomberg or Reuters. “Prospectus”) including if the net asset value of the Fund falls belowThe Fund may use derivatives in order to reduce risk or cost and/or US$100 million or its equivalent in another currency. generate extra income or growth. A derivative is a financial contract whose Objectives: The Fund employs a passive management – or indexing – value is based on the value of a financial asset (such as a share, bond, or investment approach, through physical acquisition of securities, and seekscurrency) or a market index. to track the performance of the Bloomberg Global Treasury Developed ETF Shares in the Fund can be bought or sold on a daily basis (save on Countries Float Adjusted Index (the “Index”). certain bank holidays or public holidays and subject to certain restrictions The Fund will invest in a portfolio of local currency government bondsdescribed in the Prospectus). ETF Shares are listed on one or more stock (including callable bonds) from developed countries (as determined by the exchange(s). Subject to certain exceptions set out in the Prospectus, index provider) that insofar as possible and practicable consists of ainvestors who are not Authorised Participants may only buy or sell ETF representative sample of the component securities of the Index. Shares through a company that is a member of a relevant stock exchange at any time when that stock exchange is open for business. A list of the The index is designed to reflect the universe of float adjusted fixed-rate, days on which shares in the Fund cannot be bought or sold is available on: investment-grade, local currency government debt of developed (as https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plc- determined by the index provider) countries. The bonds must have aETFs.pdf maturity of at least one year. To a lesser extent the Fund may invest in similar types of bonds outside Income from the ETF Shares will be reinvested and reflected in the price of the Index, but whose risk and return characteristics closely resemble the shares in the ETF. risk and return characteristics of constituents of the Index or of the Index VF is an umbrella Fund with segregated liability between sub-funds. This as a whole. means that the holdings of the Fund are maintained separately under Irish The Fund invests in securities which are denominated in currencies other law from holdings of other sub-funds of VF and your investment in the Fund than the base currency. Movements in currency exchange rates can affect will not be affected by any claims against any other sub-fund of VF. the return of investments. Currency hedging techniques are used toIntended retail investor: The Fund is available to a wide range of minimise the risks associated with movements in currency exchange rates, investors seeking access to a portfolio managed in accordance with a where the Fund invests in securities denominated in currencies other than specific investment objective and policy. the listing currency, but these risks cannot be eliminated entirely. As this The VF depositary is Brown Brothers Harriman Trustee Services (Ireland) document relates to a share class where such techniques are used, the Limited. performance (see "Performance") of this share class is shown against the currency hedged version of the Index. You can obtain copies of the Prospectus and the latest annual and semi- The Fund attempts to remain fully invested except in extraordinary market,annual report and accounts for Vanguard Funds plc (“VF”) along with the political or similar conditions where the Fund may temporarily depart fromlatest published prices of shares and other practical information, from VF this investment policy to avoid losses. c/o Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website While the Fund is expected to track the Index as closely as possible, it at https://global.vanguard.com. Information on the Fund's portfolio typically will not match the performance of the targeted Index exactly, due disclosure policy and publication of the iNAV can be obtained at to various factors such as expenses to be paid by the Fund and regulatory https://global.vanguard.com/portal/site/portal/ucits-documentation. The constraints. Details of these factors and the anticipated tracking error of the documents are available in English and are free of charge. Fund are set out in the Prospectus. What are the risks and what could I get in return? Risk Indicator We have classified this Fund as 2 out of 7, which is a low risk class. This rates the potential losses from future performance at a low level, and poor market conditions are very unlikely to impact the Fund's capacity to pay you. 1 2 3 4 5 6 7Be aware of currency risk. You may receive payments in a different currency to the base currency of the Fund, so the final return you will get depends on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Lower riskHigher risk Beside the market risks included in the risk indicator, other risks may affect the Fund, including counterparty, index tracking and investment risks. The risk indicator assumes you keep the Fund for 3 For further information on risks please see the “Risk Factors” section of the years. The actual risk can vary significantly if you cash Prospectus on our website at https://global.vanguard.com in at an early stage and you may get back less.This Fund does not include any protection from future market performance so you could lose some or all of your investment. The value of bonds and fixed income-related securities is affected by influential factors such as interest rates, inflation, credit spreads and The summary risk indicator is a guide to the level of risk of this Fund volatility which, in turn, are driven by other factors including political events, compared to other Funds. It shows how likely it is that the Fund will lose economic news, company earnings and significant corporate events. money because of movements in the markets or because we are not able to pay you. Performance Scenarios What you will get from this Fund depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of a suitable benchmark over the last 10 years. Markets could develop very differently in the future. Recommended holding period: 3 years Example Investment: GBP 10,000 ScenariosScenarios If you exit after 1 year If you exit after 3 years There is no minimum guaranteed return if you exit Minimum before 3 years. You could lose some or all of your - - investment.What you might get back after costsGBP 8,200 GBP 8,170 Stress Average return each year -18.00% -6.52%What you might get back after costsGBP 8,590 GBP 8,290 Unfavourable Average return each year -14.10% -6.06%What you might get back after costs GBP 10,180 GBP 10,550 Moderate Average return each year 1.80% 1.80%What you might get back after costs GBP 11,010 GBP 11,470 Favourable Average return each year 10.10%4.68% The figures shown include all the costs of the Fund itself, but may not Unfavourable scenario: This type of scenario occurred for an investment include all the costs that you pay to your advisor or distributor. The figures using a suitable benchmark between 2020 and 2023. do not take into account your personal tax situation, which may also affect Moderate scenario: This type of scenario occurred for an investment using how much you get back. a suitable benchmark between 2019 and 2022. The stress scenario shows what you might get back in extreme market Favourable scenario: This type of scenario occurred for an investment circumstances. using a suitable benchmark between 2017 and 2020. This Fund cannot be easily cashed in. What happens if VGIL is unable to pay out? The assets of the Fund are held in safekeeping by its depositary. In the event of the insolvency of VGIL, the Fund's assets in the safekeeping of the depositary will not be affected. However, in the event of the depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss. This risk is mitigated to a certain extent by the fact the depositary is required by law and regulation to segregate its own assets from the assets of the Fund. The depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure to properly fulfil its obligations (subject to certain limitations). There is no compensation or guarantee scheme protecting you from a default of the Fund's depositary. What are the costs? The person advising on or selling you the Fund may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over Time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you invest in the Fund and how well the Fund does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: - In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the Fund performs as shown in the moderate scenario - GBP 10,000 per year is invested. Costs over TimeIf you exit after 1 year If you exit after 3 years Total costsGBP 19GBP 60Annual cost impact (*)0.2% 0.2% each year (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 2.0 % before costs and 1.8 % after costs. We may share part of the costs with the person selling you the Fund to cover the services they provide to you. They will inform you of the amount. Composition of CostsIf you exit after 1 One-off costs upon entry or exit What are the costs? year Entry costsThe Fund does not charge an entry fee.GBP 0The Fund does not charge an exit fee, but the person selling you the Fund may do Exit costs GBP 0so. If you exit after 1 Ongoing costs taken each yearWhat are the costs? year Management fees and other 0.10% of the value of your investment p.a. This is an estimate based on actual costs GBP 10 administrative or operating costs over the last year and takes account of any known future changes.0.09% of the value of your investment per year. This is an estimate of the costs Transaction costs incurred when we buy and sell the underlying investments for the Fund. The actual GBP 9amount will vary depending on how much we buy and sell. Incidental costs taken under If you exit after 1 What are the costs? specific conditions year Performance fees There is no performance fee for this Fund.GBP 0How long should I hold it and can I take money out early? Recommended holding period: 3 years The Fund is appropriate for long-term investment. You should have an investment horizon of at least 3 years. Please see the section of the Prospectus entitled “Redeeming Shares” for certain fees payable in respect of redemptions. How can I complain? If you are an investor in our VF range of Exchange Traded Funds (ETFs), it may be appropriate for you to liaise directly with the bank, broker, trading platform or financial adviser through which you purchased your shares, particularly if your complaint is service related. Please be aware that we will usually provide responses in English. If for any reason you are experiencing problems submitting your complaint with us, then please contact, Vanguard, 4th Floor, The Walbrook Building, 25 Walbrook, London, EC4N 8AF or European_client_services@vanguard.co.uk. Please also be aware that there may be collective redress mechanisms or separate ombudsman arrangements available in your country. https://global.vanguard.com/ Other relevant information You can find information related to the past performance of the Fund for up to 10 years of data at: - https://docs.data2report.lu/documents/Vanguard/KID_PP/KID_annex_PP_IE000AI6QNJ5_en.pdf - https://docs.data2report.lu/documents/Vanguard/KID_PS/KID_annex_PS_IE000AI6QNJ5_en.pdf 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. 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. 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.