Vanguard Funds PLC - Vanguard EUR Eurozone Government Bond 1-3 Year UCITS ETF EUR Distributing

The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Euro-Aggregate: Treasury - 1-3 Year Index (the “Index"). The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index's capital and income return. The Index measures the performance of fixed-rate Euro-denominated sovereign bonds issued by the governments of European Union member states participating in the European Monetary Union which have a par amount outstanding greater than or equal to €300 million. Bonds in the Index have maturities of between one and three years and are generally rated investment grade. To a lesser extent the Fund may invest in similar types of bonds outside the Index, but whose risk and return characteristics closely resemble the risk and return characteristics of constituents of the Index or of the Index as a whole. The Fund may use derivatives in order to reduce risk or cost and/or The Fund attempts to remain fully invested and hold small amounts of cash except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses. The Fund is appropriate for short-term investment. Income from the ETF Shares will be reinvested and reflected in the price of shares in the ETF. Portfolio transaction costs will have an impact on performance. ETF Shares in the Fund can be bought or sold on a daily basis (save on certain bank / public holidays and subject to certain restrictions described in Appendix 1 of the Prospectus or in a separate Supplement). ETF Shares are listed on one or more stock exchange(s). Subject to certain exceptions set out in the Prospectus, investors who are not Authorised Participants may only buy or sell ETF 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 days on which shares in the Fund cannot be bought or sold is available on https://fund-docs.vanguard.com/holiday calendar-vanguard-funds-plc-ETFs.pdf generate extra income or growth. 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 base currency of the Fund is EUR. For further information about the objectives and investment policy of the Fund, as well as the limited relationship with the Index provider, please see the supplement for the Fund ("Supplement") and Appendix 6 of the Vanguard Funds plc prospectus (the "Prospectus") on our website at https://global.vanguard.com