Vanguard Global Bond Index Fund GBP Hedged Acc

The Fund employs a passive management – or indexing – investment approach and seeks to track the performance of the Bloomberg Barclays Global Aggregate Float Adjusted and Scaled Index (the “Index”). The Index includes investment-grade bonds from around the world with maturities greater than one year. The Index is a market-weighted index of global government, government- related agencies, corporate and securitised fixed income investments with maturities greater than one year. The Fund attempts to: 1. Track the performance of the Index by investing in a portfolio of securities that, insofar as possible and practicable, consists of a representative sample of the component securities of the Index. 2. Remain fully invested except in extraordinary market, political or similar conditions. The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index. The currency of the share class is GBP. The Fund invests in securities which are denominated in currencies other than the share class currency. Movements in currency exchange rates can affect the return of investments. Currency hedging techniques are used to minimise the risks associated with movements in currency exchange rates but these risks cannot be eliminated entirely. As this document relates to a share class where such techniques are used, for the purposes of the “Past performance” section below, the performance of this share class is shown against the Bloomberg Barclays Global Aggregate Float Adjusted and Scaled Index Hedged in GBP (the “Hedged Index”), which is a currency hedged version of the Index. The Fund may engage in short term secured lending of its investments to certain eligible third parties. This is used as a means of generating additional income and to off-set the costs of the Fund. The Fund may not be appropriate for short-term investment. Income from the Fund will be reinvested and reflected in the price of shares in the Fund. Portfolio transaction costs will have an impact on performance. Shares in the Fund can be bought or sold on a daily basis (save on certain bank holidays or public holidays and subject to certain restrictions described in Appendix 1 of the prospectus) by submitting an application in writing. A full list of the days on which shares in the Fund cannot be sold is available on https://global.vanguard.com/portal/site/loadPDF?country=global&docId=11630 For further information about the objectives and investment policy of the Fund, as well as the limited relationship with the Index provider, please see Appendix 1 and Appendix 6 of the Vanguard Investment Series plc prospectus (the “prospectus”) on our website at https://global.vanguard.com