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 EUR Corporate Bond UCITS ETF (the "Fund") - USD HEDGED ACCUMULATING IE00BGYWT510 Vanguard Group (Ireland) Limited ("VGIL") Call +44 207 489 4305 for more information - https://global.vanguard.com - This Key Information Document is dated 08/04/2025. 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 foundat 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 Euro-Aggregate: Corporates ETF Shares in the Fund can be bought or sold on a daily basis (save on Index (the “Index“). certain bank holidays or public holidays and subject to certain restrictions The Fund invests in a representative sample of bonds included in the Indexdescribed in the Prospectus). ETF Shares are listed on one or more stock in order to closely match the Index's capital and income return. exchange(s). Subject to certain exceptions set out in the Prospectus, investors who are not Authorised Participants may only buy or sell ETF The Index measures the performance of a broad spread of Euro Shares through a company that is a member of a relevant stock exchange denominated bonds paying a fixed rate of interest which are issued or at any time when that stock exchange is open for business. A list of the guaranteed by companies. days on which shares in the Fund cannot be bought or sold is available on: Bonds in the Index have maturities of greater than one year and generally https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plc- investment grade. ETFs.pdf 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.shares in the ETF. The Fund invests in securities which are denominated in currencies other VF is an umbrella Fund with segregated liability between sub-funds. This than the base currency. Movements in currency exchange rates can affect means that the holdings of the Fund are maintained separately under Irish the return of investments. Currency hedging techniques are used tolaw from holdings of other sub-funds of VF and your investment in the Fund minimise the risks associated with movements in currency exchange rates, will not be affected by any claims against any other sub-fund of VF. where the Fund invests in securities denominated in currencies other than the listing currency, but these risks cannot be eliminated entirely. As this Intended retail investor: The Fund is available to a wide range of document relates to a share class where such techniques are used, the investors seeking access to a portfolio managed in accordance with a performance (see "Performance") of this share class is shown against the specific investment objective and policy. currency hedged version of the Index. The VF depositary is Brown Brothers Harriman Trustee Services (Ireland) The Fund attempts to remain fully invested except in extraordinary market,Limited. political or similar conditions where the Fund may temporarily depart fromYou can obtain copies of the Prospectus and the latest annual and semi- this investment policy to avoid losses. annual report and accounts for Vanguard Funds plc (“VF”) along with the While the Fund is expected to track the Index as closely as possible, it latest published prices of shares and other practical information, from VF typically will not match the performance of the targeted Index exactly, due c/o Brown Brothers Harriman Fund Administration Services (Ireland) to various factors such as expenses to be paid by the Fund and regulatory Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website constraints. Details of these factors and the anticipated tracking error of the at https://global.vanguard.com. Information on the Fund's portfolio Fund are set out in the Prospectus. 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. What are the risks and what could I get in return? Risk IndicatorWe 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 risk Higher 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 loseeconomic 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 the product and a suitable benchmark over the last 10 years. Markets could develop very differently in the future.Recommended holding period: 3 years Example Investment: USD 10,000 If you exit after 1 year If you exit after 3 years Scenarios There is no minimum guaranteed return if you exit before 3 years. You could lose some or all of Minimum your investment.What you might get back after costs USD 7,970 USD 8,220 Stress Average return each year -20.30%-6.32%What you might get back after costs USD 8,610 USD 8,960 Unfavourable Average return each year -13.90%-3.59%What you might get back after costsUSD 10,370USD 11,030 Moderate Average return each year 3.70% 3.32%What you might get back after costsUSD 11,090USD 11,770 Favourable Average return each year10.90% 5.58% 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 the benchmark as stated in the prospectus between 2019 and 2022. 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. the benchmark as stated in the prospectus between 2015 and 2018. The stress scenario shows what you might get back in extreme market Favourable scenario: This type of scenario occurred for an investment circumstances. using the benchmark as stated in the prospectus 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 - USD 10,000 per year is invested. If you exit after 1 yearIf you exit after 3 yearsTotal costs USD 20 USD 65 Annual 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 3.5 % before costs and 3.3 % 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 Costs One-off costs upon entry or exit If you exit after 1 year Entry costs The Fund does not charge an entry fee. USD 0 Exit costs The Fund does not charge an exit fee, but the person selling you the Fund may do so. USD 0 Ongoing costs taken each year Management fees and other 0.14% of the value of your investment p.a. This is an estimate based on actual costs over administrative or operating USD 14 the last year and takes account of any known future changes. costs 0.06% of the value of your investment per year. This is an estimate of the costs incurred Transaction costswhen we buy and sell the underlying investments for the Fund. The actual amount will varyUSD 6 depending on how much we buy and sell. Incidental costs taken under specific conditions Performance fees There is no performance fee for this Fund. USD 0 How 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_IE00BGYWT510_en.pdf. - https://docs.data2report.lu/documents/Vanguard/KID_PS/KID_annex_PS_IE00BGYWT510_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.