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The Vanguard ETF 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, the Vanguard ETF seeks to track the Bloomberg Barclays 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 Barclays Global Aggregate Float Adjusted Composite Index (CAD-Hedged) to the Canadian dollar.