Vanguard Global Capital Stewards Equity Fund

The Fund seeks to provide an increase in the value of investments over the long-term (more than 5 years), through a combination of capital growth and income. The Fund aims to achieve this whilst selecting investments which meet certain sustainability criteria. The Fund is actively managed and seeks to achieve its investment objective by investing at least 90% of the Funds assets in shares issued by large companies worldwide which demonstrate good governance and act as good stewards of their capital. Such investments will be selected following a financial assessment, a governance assessment and in accordance with the sustainability approach.