Key Information Document
Purpose
This document provides you with key information about this investment Fund. It is not marketing material. The information is required by law to help you
understand the nature, risks, costs, potential gains and losses of this Fund and to help you compare it with other funds.
Product
Product: Vanguard S&P 500 UCITS ETF (the "Fund") - (USD) Distributing
IE00B3XXRP09
Vanguard Group (Ireland) Limited ("VGIL")
Call +44 207 489 4305 for more information - https://global.vanguard.com - This Key Information Document is dated 01/03/2024.
The Central Bank of Ireland (the “Central Bank”) is responsible for supervising VGIL in relation to this Key Information Document.
The Fund is authorised in Ireland and has been registered for sale in other EEA Member States.
VGIL is authorised in EEA Member States and regulated by the Central Bank.
You are about to purchase a Fund that is not simple and may be difficult to understand.
What is this product?
Type: The Fund is a sub-fund of Vanguard Funds plc ("VF"), a UCITS The Fund may use derivatives in order to reduce risk or cost and/or
authorised by the Central Bank of Ireland. generate extra income or growth. A derivative is a financial contract whose
Term: The Fund has no fixed maturity date, however it may be terminated in value is based on the value of a financial asset (such as a share, bond, or
certain circumstances as described in the prospectus of VF (the currency) or a market index.
“Prospectus”) including if the net asset value of the Fund falls below US$100 ETF Shares in the Fund can be bought or sold on a daily basis (save on
million or its equivalent in another currency. certain bank holidays or public holidays and subject to certain restrictions
Objectives: The Fund employs a passive management – or indexing – described in the Prospectus). ETF Shares are listed on one or more stock
investment approach, through physical acquisition of securities, and seeks exchange(s). Subject to certain exceptions set out in the Prospectus,
to track the performance of the Standard and Poor's 500 Index (the “Index”). 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
The Index is comprised of large-sized company stocks in the US. any time when that stock exchange is open for business. A list of the days
The Fund attempts to: on which shares in the Fund cannot be bought or sold is available on:
1. Track the performance of the Index by investing through physical https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plc-
acquisition in all constituent securities of the Index in the same proportion as ETFs.pdf
the Index. Where not practicable to fully replicate, the Fund will use a Income from the ETF Shares will be paid out.
sampling process. VF is an umbrella Fund with segregated liability between sub-funds. This
2. Remain fully invested except in extraordinary market, political or similar means that the holdings of the Fund are maintained separately under Irish
conditions where the Fund may temporarily depart from this investment law from holdings of other sub-funds of VF and your investment in the Fund
policy to avoid losses. will not be affected by any claims against any other sub-fund of VF.
The Fund invests in securities which are denominated in currencies other Intended retail investor: The Fund is available to a wide range of investors
than the base currency. Movements in currency exchange rates can affect seeking access to a portfolio managed in accordance with a specific
the return of investments. investment objective and policy.
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 The VF depositary is Brown Brothers Harriman Trustee Services (Ireland)
additional income and to off-set the costs of the Fund. Limited.
While the Fund is expected to track the Index as closely as possible, it You can obtain copies of the Prospectus and the latest annual and semi-
typically will not match the performance of the targeted Index exactly, due to annual report and accounts for Vanguard Funds plc (“VF”) along with the
various factors such as expenses to be paid by the Fund and regulatory latest published prices of shares and other practical information, from VF c/o
constraints. Details of these factors and the anticipated tracking error of the Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30
Fund are set out in the Prospectus. Herbert Street, Dublin 2, D02 W329, Ireland or from our website at https://
Information on the Fund's portfolio can be found at https://www.ie.vanguard/ global.vanguard.com. Information on the Fund's portfolio disclosure policy
products. The Indicative Net Asset Value for the Fund is calculated and publication of the iNAV can be obtained at https://global.vanguard.com/
throughout the trading day and is published on Bloomberg or Reuters. portal/site/portal/ucits-documentation. The documents are available in
English and are free of charge.
What are the risks and what could I get in return?
Risk Indicator We have classified this Fund as 5 out of 7, which is a medium-high risk
class. This rates the potential losses from future performance at a medium-
high level, and poor market conditions will likely impact the Fund's capacity
to pay you.
1 2 3 4 5 6 7 Be aware of currency risk. You may receive payments in a different
currency to the base currency of the Fund, so the final return you will
get depends on the exchange rate between the two currencies. This
risk is not considered in the indicator shown above.
Lower risk Higher risk
Beside the market risks included in the risk indicator, other risks may affect
the Fund, including counterparty, index tracking and investment risks.
The risk indicator assumes you keep the Fund for 5 For further information on risks please see the “Risk Factors” section of the
years. The actual risk can vary significantly if you cash Prospectus on our website at https://global.vanguard.com
in at an early stage and you may get back less. This Fund does not include any protection from future market performance
so you could lose some or all of your investment.
The value of equities and equity-related securities can be affected by daily
The summary risk indicator is a guide to the level of risk of this Fund stock market movements. Other influential factors include political events,
compared to other Funds. It shows how likely it is that the Fund will lose economic news, company earnings and significant corporate events.
money because of movements in the markets or because we are not able to
pay you.
Performance Scenarios
What you will get from this Fund depends on future market performance. Market developments in the future are uncertain and cannot be accurately
predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10
years. Markets could develop very differently in the future.
Recommended holding period: 5 years
Example Investment: $10,000
If you exit after 5
If you exit after 1 year
years
Scenarios
Minimum There is no minimum guaranteed return if you exit before 5 years. You could lose some or all of your investment.
What you might get back after costs $960 $1,010
Stress
Average return each year -90.40% -36.78%
What you might get back after costs $8,140 $10,390
Unfavourable
Average return each year -18.60% 0.77%
What you might get back after costs $11,270 $17,060
Moderate
Average return each year 12.70% 11.27%
What you might get back after costs $15,590 $23,380
Favourable
Average return each year 55.90% 18.51%
The figures shown include all the costs of the Fund itself, but may not Unfavourable scenario: This type of scenario occurred for an investment
include all the costs that you pay to your advisor or distributor. The figures between 2022 and 2024.
do not take into account your personal tax situation, which may also affect Moderate scenario: This type of scenario occurred for an investment
how much you get back. between 2014 and 2019.
The stress scenario shows what you might get back in extreme market Favourable scenario: This type of scenario occurred for an investment
circumstances. between 2016 and 2021.
This Fund cannot be easily cashed in.
What happens if VGIL is unable to pay out?
The assets of the Fund are held in safekeeping by its depositary. In the event of the insolvency of VGIL, the Fund's assets in the safekeeping of the
depositary will not be affected. However, in the event of the depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss.
This risk is mitigated to a certain extent by the fact the depositary is required by law and regulation to segregate its own assets from the assets of the Fund.
The depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure to
properly fulfil its obligations (subject to certain limitations).
There is no compensation or guarantee scheme protecting you from a default of the Fund's depositary.
What are the costs?
The person advising on or selling you the Fund may charge you other costs. If so, this person will provide you with information about these costs and how
they affect your investment.
Costs over Time
The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how
long you invest in the Fund and how well the Fund does. The amounts shown here are illustrations based on an example investment amount and different
possible investment periods.
We have assumed:
- In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the Fund performs as
shown in the moderate scenario
- USD 10,000 per year is invested.
If you exit after 1 year If you exit after 5 years
Total costs $9 $67
Annual cost impact (*) 0.1% 0.1% each year
(*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period
your average return per year is projected to be 11.4 % before costs and 11.3 % after costs.
We may share part of the costs with the person selling you the Fund to cover the services they provide to you. They will inform you of the amount.
Composition of Costs
One-off costs upon entry or exit If you exit after 1 year
Entry costs The Fund does not charge an entry fee. $0
Exit costs The Fund does not charge an exit fee, but the person selling you the Fund may do so. $0
Ongoing costs taken each year
Management fees and other
0.07% of the value of your investment p.a. This is an estimate based on actual costs over the
administrative or operating $7
last year and takes account of any known future changes.
costs
0.02% of the value of your investment per year. This is an estimate of the costs incurred when
Transaction costs we buy and sell the underlying investments for the Fund. The actual amount will vary $2
depending on how much we buy and sell.
Incidental costs taken under specific conditions
Performance fees There is no performance fee for this Fund. $0
How long should I hold it and can I take money out early?
Recommended holding period: 5 years
The Fund is appropriate for long-term investment. You should have an investment horizon of at least 5 years.
Please see the section of the Prospectus entitled “Redeeming Shares” for certain fees payable in respect of redemptions.
How can I complain?
If you are an investor in our VF range of Exchange Traded Funds (ETFs), it may be appropriate for you to liaise directly with the bank, broker, trading
platform or financial adviser through which you purchased your shares, particularly if your complaint is service related. Please be aware that we will usually
provide responses in English. If for any reason you are experiencing problems submitting your complaint with us, then please contact, Vanguard, 4th Floor,
The Walbrook Building, 25 Walbrook, London, EC4N 8AF or
[email protected]. Please also be aware that there may be collective
redress mechanisms or separate ombudsman arrangements available in your country. https://global.vanguard.com/
Other relevant information
You can find information related to the past performance of the Fund for up to 10 years of data at:
- https://docs.data2report.lu/documents/KID_PP/KID_annex_PP_Vanguard_IE00B3XXRP09_en.pdf.
- https://docs.data2report.lu/documents/KID_PS/KID_annex_PS_Vanguard_IE00B3XXRP09_en.pdf.
Details of VGIL's Remuneration Policy are available at https://www.ie.vanguard/content/dam/intl/europe/documents/ch/en/ucits-v-remuneration-policy.pdf,
including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration and
benefits. A paper copy of these details may be obtained, free of charge, on request from VGIL at 70 Sir John Rogerson's Quay, Dublin 2, Ireland. Liability:
VGIL may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts
of the Prospectus. Tax: VF is subject to the tax laws of Ireland. Depending on your country of residence, this may have an impact on your personal tax
position. You are recommended to consult your professional tax adviser.
