Vanguard Announces Cash Distributions for the Vanguard ETFs

Vanguard Investments Canada Inc. today announced the final March 2023 cash distributions for certain Vanguard ETFs, listed below, that trade on the NEO Exchange. Unitholders of record on April 04, 2023 will receive cash distributions payable on April 11, 2023. Details of the “per unit” distribution amounts are as follows:

Vanguard ETF®	Ticker Symbol	Distribution per Unit ($)	CUSIP	ISIN	Payment Frequency
Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged)	VBU	0.105640	92206G103	CA92206G1037	Monthly
Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)	VBG	0.023698	92206H101	CA92206H1010	Monthly
Vanguard Global Aggregate Bond Index ETF (CAD-hedged)	VGAB	0.063314	92211F108	CA92211F1080	Monthly

To learn more about the NEO Exchange-listed Vanguard ETFs, please visit www.vanguard.ca

About Vanguard

Canadians own CAD $72 billion in Vanguard assets, including Canadian and U.S.-domiciled ETFs and Canadian mutual funds. Vanguard Investments Canada Inc. manages CAD $51 billion in assets (as of November 30, 2022) with 37 Canadian ETFs and six mutual funds currently available. The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD $7.5 trillion (CAD $10 trillion) in global assets, including over USD $2.1 trillion (CAD $2.9 trillion) in global ETF assets (as of November 30, 2022). Vanguard has offices in the United States, Canada, Mexico, Europe, Australia and Asia. The firm offers 431 funds, including ETFs, to its more than 30 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus. For more information, please visit vanguard.ca.

For more information, please contact:Matt GierasimczukVanguard Canada Public RelationsPhone: [e-mail]

Important information

Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

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The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by The Vanguard Group, Inc. (Vanguard). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Vanguard. Vanguard ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.