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 ESG Global Corporate Bond UCITS ETF (the "Fund") - EUR Hedged Distributing IE00BNDS1Q47 Vanguard Group (Ireland) Limited ("VGIL") Call +44 207 489 4305 for more information - https://global.vanguard.com - This Key Information Document is dated 31/03/2025. 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 UCITS possible and practicable (in the investment manager's view) to liquidate the authorised by the Central Bank of Ireland. position. Term: The Fund has no fixed maturity date, however it may be terminated The Fund attempts to remain fully invested and hold small amounts of cash in certain circumstances as described in the prospectus of VF (the except in extraordinary market, political or similar conditions where the “Prospectus”) including if the net asset value of the Fund falls below Fund may temporarily depart from this investment policy to avoid losses. US$100 million or its equivalent in another currency. Where MSCI has insufficient or no data available to adequately assess a Objectives: The Fund employs a passive management – or indexing – particular issuer relative to the ESG criteria of the Index, bonds of such investment approach, through physical acquisition of securities, and seeks issuer may be excluded from the Index until such time as they may be to track the performance of the Bloomberg MSCI Global Corporate Float- determined to be eligible by MSCI. Adjusted Liquid Bond Screened Index (the “Index”). The Fund may also hold fixed-rate government and corporate bonds that The Fund invests in a multi-currency portfolio of investment grade are not component securities of the Index, but whose risk and return corporate fixed-rate bonds from both developed and emerging market characteristics closely resemble the risk and return characteristics of issuers that consists of a representative sample of the component constituents of the Index or of the Index as a whole and which, in the case securities of the Index.of corporate bonds, meet the screening criteria. The Index is constructed from the Bloomberg Global Aggregate Float- The Fund follows a binding and significant ESG integration approach in Adjusted Corporate Index (the “Parent Index”) which represents a similaraccordance with the Position-recommendation AMF 2020-03 (available at investment universe which is then screened for certain environmental, https://www.amf-france.org/en/regulation/policy/doc-2020-03). social, and governance (i.e. controversy-related) criteria (the "screening The Fund may use derivatives in order to reduce risk or cost and/or criteria"), by Bloomberg as the sponsor of the Index, which is independent generate extra income or growth. A derivative is a financial contract whose of Vanguard.value is based on the value of a financial asset (such as a share, bond, or Through the screening out of bonds issued by corporate issuers from its currency) or a market index. Derivatives on an index (e.g. swaps, futures) portfolio based on the potentially detrimental impact of the relevant may contain some underlying constituents which may not meet the corporate issuer’s conduct or products on society and / or the environment, screening criteria. the Fund promotes certain environmental characteristics and social ETF Shares in the Fund can be bought or sold on a daily basis (save on characteristics relating to social norms and standards. certain bank holidays or public holidays and subject to certain restrictions The Index methodology excludes the bonds of corporate issuers that MSCI described in the Prospectus). ETF Shares are listed on one or more stock determines (a) to be engaged in activities in or involved in specific parts of exchange(s). Subject to certain exceptions set out in the Prospectus, the supply chain for, and/or (b) derive revenue (above a threshold specifiedinvestors who are not Authorised Participants may only buy or sell ETF by the Index provider) from, certain business segments of activities relatedShares through a company that is a member of a relevant stock exchange to the following: (i) adult entertainment, (ii) alcohol, (iii) gambling, (iv) at any time when that stock exchange is open for business. A list of the tobacco, (v) nuclear weapons, (vi) controversial weapons, (vii) conventionaldays on which shares in the Fund cannot be bought or sold is available on: weapons, (viii) civilian firearms, (ix) nuclear power, or (x) fossil fuels (which https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plc- includes thermal coal, oil, gas, oil sands, arctic oil or arctic gas). The indexETFs.pdf provider defines what constitutes “involvement” in each activity. This may be based on percentage of revenue or any connection to a restricted Income from the ETF Shares will be paid out. activity regardless of the amount of revenue received, and will relate to VF is an umbrella Fund with segregated liability between sub-funds. This specific parts of the supply chain. means that the holdings of the Fund are maintained separately under Irish The Index methodology also excludes the bonds of corporate issuers that law from holdings of other sub-funds of VF and your investment in the Fund have a controversy score of zero as defined by MSCI's ESG controversies will not be affected by any claims against any other sub-fund of VF. assessment framework. Intended retail investor: The Fund is available to a wide range of The Fund invests in securities which are denominated in currencies otherinvestors seeking access to a portfolio managed in accordance with a than the base currency. Movements in currency exchange rates can affect specific investment objective and policy. the return of investments. Currency hedging techniques are used to The VF depositary is Brown Brothers Harriman Trustee Services (Ireland) minimise the risks associated with movements in currency exchange rates,Limited. where the Fund invests in securities denominated in currencies other than the listing currency, but these risks cannot be eliminated entirely. As thisYou can obtain copies of the Prospectus and the latest annual and semi- document relates to a share class where such techniques are used, the annual report and accounts for Vanguard Funds plc (“VF”) along with the performance (see "Performance") of this share class is shown against thelatest published prices of shares and other practical information, from VF currency hedged version of the Index. c/o Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website The Fund's investments will, at the time of purchase, comply with the at https://global.vanguard.com. Information on the Fund's portfolio screening criteria, except as otherwise described below or in the disclosure policy and publication of the iNAV can be obtained at Prospectus. In circumstances where the Fund holds securities which do not https://global.vanguard.com/portal/site/portal/ucits-documentation. The adhere to the screening criteria, the Fund may temporarily hold suchdocuments are available in English and are free of charge. securities until such time as they cease to form part of the Index and it is What are the risks and what could I get in return? Risk Indicator We have classified this Fund as 3 out of 7, which is a medium-low risk class. This rates the potential losses from future performance at a medium- low level, and poor market conditions are 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, screening, index tracking and rebalancing risks. The risk indicator assumes you keep the Fund for 3 years. The actual risk can vary significantly if you cash For further information on risks please see the “Risk Factors” section of the 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 The summary risk indicator is a guide to the level of risk of this Fund influential factors such as interest rates, inflation, credit spreads and compared to other Funds. It shows how likely it is that the Fund will lose volatility which, in turn, are driven by other factors including political events, money because of movements in the markets or because we are not able economic news, company earnings and significant corporate events. 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:EUR 10,000If 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 costsEUR 6,710 EUR 7,910 Stress Average return each year -32.90% -7.52%What you might get back after costsEUR 8,190 EUR 8,340 Unfavourable Average return each year -18.10% -5.87%What you might get back after costs EUR 10,210 EUR 10,360 Moderate Average return each year2.10% 1.19%What you might get back after costs EUR 11,080 EUR 11,470 Favourable Average return each year 10.80% 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 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 a suitable benchmark between 2018 and 2021. 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 - EUR 10,000 per year is invested. If you exit after 1 year If you exit after 3 yearsTotal costs EUR 34 EUR 105 Annual cost impact (*) 0.3% 0.3% 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 1.5 % before costs and 1.2 % 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. EUR 0 Exit costs The Fund does not charge an exit fee, but the person selling you the Fund may do so. EUR 0 Ongoing costs taken each year Management fees and other 0.15% of the value of your investment p.a. This is an estimate based on actual costs over administrative or operating EUR 15 the last year and takes account of any known future changes. costs 0.19% 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 varyEUR 19 depending on how much we buy and sell. Incidental costs taken under specific conditions Performance fees There is no performance fee for this Fund. EUR 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_IE00BNDS1Q47_en.pdf. - https://docs.data2report.lu/documents/Vanguard/KID_PS/KID_annex_PS_IE00BNDS1Q47_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.