Vanguard ESG EUR Corporate Bond UCITS ETF (D) - EUR Stock

The Fund employs a ?passive management? ? or indexing ? investment approach, through physical acquisition of securities, designed to track the performance of the Bloomberg MSCI EUR Corporate Liquid Bond Screened Index (the ?Index?). The Index is constructed from the Bloomberg Euro-Aggregate: Corporates Index (the ?Parent Index?) which represents a EUR denominated universe of investment grade corporate fixed-rate bonds, which is then screened for certain environmental, social, and corporate governance criteria (by the sponsor of the Index, which is independent of Vanguard. The Fund promotes environmental and social characteristics by excluding fixed income securities from its portfolio based on the impact of the issuer?s conduct or products on society and / or the environment. This is met by tracking the Index.