Vanguard UK Short Term Gilt Index Fund Institutional Plus GBP Accumulating

The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg UK Gilt 1-5Yr Float Adjusted Index (the “Index”). The Index is designed to reflect the universe of float adjusted fixed-rate investment grade GBP-denominated sovereign debt issued by the government of the United Kingdom, with maturities of between one and up to, but not including, five years and which have a par amount (i.e. the amount of money that issuers agree to repay to the purchaser at the bond's maturity) outstanding greater than or equal to £200 million. 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 where the Fund may temporarily depart from this investment policy to avoid losses. The Fund may use derivatives in order to reduce risk or cost and/or 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 GBP. The Fund invests in securities which are denominated in currencies other than the base currency. Movements in currency exchange rates can affect the return of investments. The Fund is appropriate for short-term investment. Income from the Fund will be paid out. Portfolio transaction costs will have an impact on performance. Subject to certain exceptions set out in the Prospectus, Shares in the Fund can be bought or sold or exchanged 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) by submitting an application in writing. A list of the days on which shares in the Fund cannot be bought or sold is available on https://fund-docs.vanguard.com/holidaycalendar-vanguard-investment-series-plc-irish-funds.pdf 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