(VGAB) Vanguard Global Aggregate Bond Index ETF (CAD-hedged)

Vanguard Global Aggregate Bond Index ETF (CAD-hedged) seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad global bond index, which index is hedged to the Canadian dollar. Currently, this Vanguard ETF seeks to track the Bloomberg Global Aggregate Float Adjusted Composite Index (CAD-Hedged) (or any successor thereto). It invests directly or indirectly primarily in a wide spectrum of the global investment-grade, fixed rate, fixed income markets and uses derivative instruments to seek to hedge the foreign currency exposure of the securities included in the Bloomberg Global Aggregate Float Adjusted Composite Index to the Canadian dollar.

• Seeks to employs a “passive management” - or indexing - investment approach designed to track the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index (CAD-Hedged).
• The Sub-advisor matches this Vanguard ETF’s portfolio investments to the primary risk factors of the applicable Index and seeks to achieve returns that are similar to the applicable Index.
• This sampling technique is beneficial to this Vanguard ETF, as it is designed to reduce trading costs and avoid having to trade illiquid securities that may be included in the applicable Index. It also uses derivative instruments to seek to hedge the foreign currency exposure of the securities included in the Bloomberg Global Aggregate Float Adjusted Composite Index to the Canadian dollar.
• In the alternative, this Vanguard ETF may invest all, or substantially all, of its assets in the bonds that make up the applicable Index, holding each bond in approximately the same proportion as its weighting in the Index.