The Vanguard Global Balanced Fund (the “Fund”) seeks to provide an increase in the value of investments over the long-term (more than 5 years) together with some money paid out from those investments as income. The Fund is an active fund whereby the investment adviser uses their expertise to pick investments to achieve the Fund’s objectives. The Fund seeks to achieve its investment objective by investing primarily in a combination of shares of companies (approximately two-thirds of the portfolio) and bonds (approximately one-third of the portfolio). The Fund’s holdings may be selected from all economic sectors and industry groups, and may be located anywhere in the world, providing exposure to a broad range of developed and emerging markets.