Interim Report and Financial Statements | For the six months ended 30 April 2021

Vanguard FTSE U.K. All Share Index Unit Trust

(An authorised unit trust established under the laws of England and Wales) Contents

Statement of the Manager’s Commentary and Responsibilities 1 Tracking Error* 3 Performance Summary* 4 Summary of Significant Changes* 6 Portfolio Statement* 7 Balance Sheet 13 Statement of Total Return 13 Statement of Change in Net Assets Attributable to Unitholders 13 Further Information* 14 Directory* Inside Back Cover

* The items with an asterisk, plus the Trust's Investment Objective, Investment Strategy and Performance Comparative Table, collectively constitute the Manager's Report. Vanguard FTSE U.K. All Share Index Unit Trust Manager’s Commentary and Statement of Responsibilities Period ended 30 April 2021

The Authorised Fund Manager (the ‘’Manager’’) of Vanguard FTSE U.K. All Share Index Unit Trust (the ‘’Trust’’) is Vanguard Investments UK, Limited. The Trustee is State Street Trustees Limited and the Independent Auditors are PricewaterhouseCoopers LLP.

The Trust is a unit trust established under the Trust Deed between the Manager and the Trustee and authorised by the Financial Conduct Authority under Section 243 of the Financial Services and Markets Act 2000 and has been established as a UK Undertaking for Collective Investments in Transferable Securities (“UK UCITS”) scheme. The unitholders are not liable for the debts of the Trust.

The investment objective of the Trust, the Manager’s policy for pursuing that objective and a review of the Trust’s investment activities for the relevant period are included within the Performance Summary.

Important Events During the Period With effect from 16 December 2020, Michael Gower resigned as a director of Vanguard Investments UK, Limited.

With effect from 31 December 2020, James M. Norris resigned as a director of Vanguard Investments UK, Limited.

Events After the Balance Sheet Date There were no events subsequent to period-end requiring recognition or disclosure in the financial statements.

Potential Implications of Brexit The United Kingdom is no longer a member state of the European Union. Despite the negotiation of the UK-EU Trade and Cooperation Agreement in December 2020, the future economic and political relationship between the United Kingdom and the European Union (and between the United Kingdom and other countries) remains uncertain and subject to further negotiation in many respects, and a period of economic and political uncertainty may therefore continue in the United Kingdom and the European Union.

Political and economic uncertainty may lead to speculation and subsequent market volatility, particularly for assets denominated in British pounds. Vanguard continues to encourage investors to follow its core investing principles, including maintaining long-term discipline.

The implications of Brexit extend beyond the UK economy and financial markets, affecting multinational organisations globally. The relevant regulatory authorities in the United Kingdom may in the future make changes to their rules which deviate from the standards applicable in the European Union. This could result in changes being made to the rules applicable in the European Union.

The nature and extent of the impact of these factors on the Trust are uncertain, but may be adverse. Vanguard remains committed to safeguarding our investors' assets and their long-term interests and has devoted significant resources to developing plans to manage the impact of Brexit.

Coronavirus (COVID-19) Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the Trust and thus performance of the Trust. Vanguard continues to encourage investors to follow its core investment principles, including maintaining long-term discipline. Vanguard is committed to safeguarding the assets of investors and their long-term interests.

Manager’s Statement of Responsibilities in Relation to the Financial Statements of the Trust The Financial Conduct Authority’s Collective Investment Schemes sourcebook (“COLL”) requires the Manager to prepare Financial Statements for each annual and half-yearly accounting period, in accordance with United Kingdom Generally Accepted Accounting Practice, which give a true and fair view of the financial position of the Trust and of its net revenue and the net capital gains/(losses) on the property of the Trust for the period.

In preparing the Financial Statements the Manager is required to:

• prepare the Financial Statements on a going-concern basis; • select suitable accounting policies and then apply them consistently; • make judgements and accounting estimates that are reasonable and prudent; • prepare Financial Statements in accordance with the Statement of Recommended Practice for Authorised Funds issued by the Investment Management Association (now the Investment Association) in May 2014 (the “SORP 2014”), and with Financial Reporting Standard (“FRS”) 102 & 104; • keep adequate accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust, and enable it to ensure that the Financial Statements comply with the requirements above.

1 The Manager is responsible for the management of the Trust in accordance with its Trust Deed, the Prospectus and the COLL and for taking reasonable steps for the prevention and detection of fraud, error and noncompliance with law or regulations.

The Manager’s report and the Financial Statements for the period ended 30 April 2021 were signed on 28 June 2021 on behalf of the Manager by:

John Bendl, Sean Hagerty, Director Director Vanguard Investments UK, Limited Vanguard Investments UK, Limited as Authorised Fund Manager of as Authorised Corporate Manager of Vanguard FTSE U.K. All Share Index Unit Trust Vanguard FTSE U.K. All Share Index Unit Trust

28 June 2021 28 June 2021

2 Tracking Error

The Trust seeks to replicate the Index by investing all, or substantially all, of its assets in the securities that make up the Index, holding each in approximately the same proportion as its weighting in the Index. Tracking error measures the volatility of the return difference between the Trust and the Index. It is calculated as the standard deviation of the tracking difference between the Trust and the Index (gross of fees for the trailing 36-month period).

There are two types of tracking error displayed for the Trust, swung and unswung. The Trust uses swing pricing, which adjusts the Trust’s net asset value (NAV) on a daily basis to ensure that no transaction costs caused by investing or redeeming clients are borne by the existing unitholders. As a result, the performance difference relative to the Index and therefore the tracking error will be higher on a swung basis. Unswung tracking error shows the underlying performance of the Trust without swing pricing applied.

The table below excludes adjustments for swing pricing.

For the Period Ended 30 April 2021 Unswung Tracking Error Trust Realised (%) FTSE U.K. All Share Index Unit Trust 0.063

The table below includes adjustments for swing pricing.

For the Period Ended 30 April 2021 Swung Tracking Error Trust Realised (%) FTSE U.K. All Share Index Unit Trust 0.946

3 Vanguard FTSE U.K. All Share Index Unit Trust Sub-managed by Vanguard Asset Management, Limited

Investment Objective Vanguard FTSE U.K. All Share Index Unit Trust (the “Trust”) seeks to track the performance of the FTSE All-Share Index (the “Index”).

Investment Strategy The Trust is a passive fund that seeks to achieve its investment objective by investing in a representative sample of the component shares of the Index.

Synthetic Risk and Reward Indicator

Lower risk Higher risk Typically lower rewards Typically higher rewards

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The Synthetic Risk and Reward Indicator (SRRI) measures the volatility of the Trust. The risk and reward category (which may range from 1 to 7) is calculated using historical data and may not be a reliable indicator of the Trust’s future risk profile. The risk and reward category may shift over time and is not a target or guarantee. The lowest category (i.e. category 1) does not mean “risk free”. The Trust appears in the higher range of the risk and reward indicator because the values of the Trust's investments have experienced a higher rate of change in the past.

Performance Summary The Performance Summary does not form part of the Financial Statements.

• The human toll of COVID-19 continued to mount and infections surged in the half-year ended 30 April 2021, prompting travel and business restrictions in some regions. Unemployment nevertheless trended lower in many developed countries as some service sectors reopened and manufacturing proved resilient. Even with vaccine rollouts proceeding slower than many had hoped and new coronavirus variants spreading, expectations for global growth turned more upbeat. • Stocks continued their global rally, supported by more fiscal and monetary stimulus. Policymakers in the US and Europe passed additional spending bills to blunt the economic impact of the pandemic and a number of central banks continued purchasing debt while pledging to keep rates low for some time. Stocks returned about 21%, as measured by the FTSE Global All Cap Index. European stocks generally outperformed those in the Pacific region and emerging markets. The United States was roughly in line with the global index. • The prospect of faster economic growth and more stimulus stoked fears of inflation and pushed longer-term interest rates significantly higher and bond prices sharply lower across much of the world. The Bloomberg Barclays Global Aggregate Bond Index returned roughly –7% for the six months. • In the United Kingdom, the government extended its job retention scheme and the Bank of England kept short-term interest rates near zero and expanded its purchases of government and corporate bonds. Although economic activity nevertheless slumped at the beginning of the year when the spread of new COVID variants led the government to reimpose lockdowns, a rebound in energy prices and a rapid vaccine rollout buoyed investor sentiment. • In this environment, the Fund’s benchmark index returned 28.46%. Nine of the 11 industry sectors posted double-digit returns. Basic materials, energy and consumer discretionary performed the best. Health care and technology recorded more modest results.

Benchmark: FTSE All-Share Index

Total Returns Periods Ended 30 April 2021 (Annualised for periods over one year) Ten years or Six Months Five Years Since Inception1 GBP Acc 28.42% 6.91% 6.05% Benchmark 28.46 6.95 6.11 Tracking Difference* -0.04

GBP Inc 28.40% 6.90% 5.00% Benchmark 28.46 6.95 5.06 Tracking Difference* -0.06

Institutional Plus GBP Acc 28.43% 6.93% 5.03% Benchmark 28.46 6.95 5.06 Tracking Difference* -0.03

Institutional Plus GBP Inc 28.41% 6.92% 5.02% Benchmark 28.46 6.95 5.06 Tracking Difference* -0.05 Sources: Vanguard Global Advisers, LLC, and FTSE. Performance is based on NAV with net income reinvested.

All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the Trust. For performance data current to the most recent month-end, which may be higher or lower than that cited, visit our website at http://global.vanguard.com. Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. * The tracking difference between the Trust return and the Index return over a stated period of time can be attributed to a number of factors, including, without limitation, small differences in weightings, trading activity, transaction costs and differences in the valuation and withholding tax treatment between the Trust and the Index vendor. 1 Since inception returns: GBP Inc, Institutional Plus GBP Acc and Institutional Plus GBP Inc, 2 September 2014.

4 Vanguard FTSE U.K. All Share Index Unit Trust

Performance Comparative Table

As at As at As at As at GBP Acc Units 30 April 2021 31 October 2020 31 October 2019 31 October 2018 Closing Net Asset Value £10,775,668,271 £8,225,918,176 £7,336,531,998 £5,729,636,530 Closing Number of Units 49,764,884 48,792,544 35,343,867 29,455,290 Closing Net Asset Value Per Unit1 £216.53 £168.59 £207.58 £194.52 Operating Charges2 0.06% 0.06% 0.08% 0.08%

GBP Inc Units Closing Net Asset Value £679,821,741 £525,221,851 £588,192,706 £610,579,380 Closing Number of Units 6,202,135 6,156,699 5,410,168 5,738,967 Closing Net Asset Value Per Unit1 £109.61 £85.31 £108.72 £106.39 Operating Charges2 0.06% 0.06% 0.08% 0.08%

Institutional Plus GBP Acc Units Closing Net Asset Value £673,919,780 £691,702,013 £742,511,773 £540,113,549 Closing Number of Units 4,884,982 6,439,777 5,614,896 4,359,558 Closing Net Asset Value Per Unit1 £137.96 £107.41 £132.24 £123.89 Operating Charges2 0.05% 0.05% 0.05% 0.05%

Institutional Plus GBP Inc Units Closing Net Asset Value £1,015,773,105 £904,130,443 £1,017,988,736 £682,889,413 Closing Number of Units 9,262,931 10,593,753 9,359,207 6,418,726 Closing Net Asset Value Per Unit1 £109.66 £85.35 £108.77 £106.39 Operating Charges2 0.05% 0.05% 0.05% 0.05%

1 The net asset value per unit shown may diverge from the net asset value per unit used for dealing purposes as at 30 April 2021 because of any adjustments for trade date accounting, swing pricing and any adjustments in valuation to bid prices. 2 Operating charges include indirect costs incurred in the maintenance and running of the Trust, as disclosed in the detailed expenses within the Statement of Total Return.

5 Vanguard FTSE U.K. All Share Index Unit Trust

Summary of Significant Changes For the period ended 30 April 2021

Cost Proceeds (£) (£) Largest Purchases Largest Sales Unilever NV 352,307,996 Rolls-Royce Holdings plc - Rights Issue 11/11/2020 47,748,789 Rolls-Royce Holdings plc 58,000,904 AstraZeneca plc 31,876,563 Flutter Entertainment plc 40,114,771 HSBC Holdings plc 25,780,629 Stock Exchange Group plc 20,420,147 GlaxoSmithKline plc 21,550,201 Unilever plc 11,749,326 G4S plc 21,362,810 Total 482,593,144 Total 148,318,992 Total Purchases for the Period 805,101,147 Total Sales for the Period 781,484,734

6 Vanguard FTSE U.K. All Share Index Unit Trust

Portfolio Statement As at 30 April 2021

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets Basic Materials 9.40% (31 October 2020: 8.79%) plc 2,534,024 11,590,626 0.09 Rio Tinto plc 5,909,408 359,055,630 2.73 Group Plc 2,584,147 11,468,444 0.09 BHP Group plc 11,316,442 247,207,676 1.88 Dr. Martens Plc 2,177,382 10,512,400 0.08 Anglo American plc 6,696,633 205,586,633 1.56 Domino's Pizza Group plc 2,543,485 9,726,287 0.07 Glencore plc 58,716,307 173,330,538 1.32 plc 605,900 8,930,966 0.07 Croda International plc 733,917 49,642,146 0.38 Group plc 2,929,959 8,772,297 0.07 Antofagasta plc 1,874,871 34,975,719 0.27 1,246,276 8,614,260 0.07 Johnson Matthey plc 1,034,051 33,596,317 0.26 Group plc 418,919 8,085,137 0.06 Polymetal International plc 1,948,338 29,137,395 0.22 Group plc 1,087,560 7,960,939 0.06 Evraz plc 3,111,270 19,980,576 0.15 plc 5,549,361 7,730,260 0.06 plc 450,846 10,585,864 0.08 plc 1,610,465 7,488,662 0.06 plc 1,810,943 9,199,590 0.07 Lagonda Global Fresnillo plc 1,014,554 8,355,867 0.06 Holdings plc 361,613 7,004,444 0.05 plc 1,028,589 7,776,133 0.06 plc 1,480,131 6,314,239 0.05 RHI Magnesita NV 160,871 7,303,543 0.06 J D Wetherspoon plc 456,688 6,101,352 0.05 plc 1,593,219 6,991,045 0.05 Holdings plc 1,343,012 5,490,233 0.04 plc 5,912,575 6,350,106 0.05 Group plc 5,559,714 5,378,467 0.04 Hill & Smith Holdings plc 431,669 6,345,534 0.05 Mitchells & Butlers plc 1,648,595 5,199,669 0.04 plc 3,133,061 4,687,059 0.04 plc 980,693 5,055,472 0.04 16,060,072 4,124,226 0.03 Firstgroup plc 6,643,319 4,932,664 0.04 Treatt plc 306,790 3,466,727 0.03 Restaurant Group plc 3,610,193 4,332,232 0.03 plc 1,714,101 3,183,086 0.02 AO World plc 1,549,770 4,305,261 0.03 Kenmare Resources plc 447,741 1,943,196 0.01 Halfords Group plc 1,085,801 4,089,127 0.03 Trifast plc 743,318 1,189,309 0.01 DFS Furniture plc 1,359,233 3,615,560 0.03 Zotefoams plc 214,872 880,975 0.01 TI Fluid Systems plc 1,209,254 3,603,577 0.03 1,234,894,890 9.40 Group plc 147,849 3,474,452 0.03 Consumer Discretionary 12.59% (31 October 2020: 11.29%) Group plc 1,365,497 3,409,646 0.03 RELX plc 10,112,074 190,005,870 1.44 Marston's plc 3,462,926 3,359,038 0.03 Compass Group plc 9,698,544 152,509,604 1.16 Reach plc 1,505,399 3,304,351 0.02 Flutter Entertainment plc 891,492 132,252,838 1.01 On the Beach Group plc 787,476 3,268,025 0.02 WPP plc 6,482,282 63,215,214 0.48 Go-Ahead Group plc 243,001 2,969,472 0.02 1,729,611 54,171,417 0.41 Gym Group plc 855,905 2,242,471 0.02 693,328 54,093,451 0.41 Saga plc 578,886 2,198,609 0.02 Entain plc 3,158,442 53,425,046 0.41 MJ Gleeson plc 257,500 2,173,300 0.02 InterContinental Hotels Group plc 2,152,160 2,152,160 0.02 plc 994,128 51,197,592 0.39 Rank Group plc 1,101,687 2,148,290 0.02 Informa plc 8,121,317 45,658,044 0.35 Headlam Group plc 467,014 2,124,914 0.02 Burberry Group plc 2,186,262 45,036,997 0.34 PPHE Hotel Group Ltd. 116,772 1,978,118 0.01 plc 5,505,280 42,500,762 0.32 Stagecoach Group plc 2,070,319 1,865,357 0.01 Kingfisher plc 11,520,570 41,151,476 0.31 Hollywood Bowl Group plc 788,328 1,864,396 0.01 International Consolidated Dignity plc 256,584 1,808,917 0.01 Airlines Group SA 20,260,920 41,079,015 0.31 Hyve Group plc 1,313,923 1,567,510 0.01 Whitbread plc 1,098,511 35,635,697 0.27 Fuller Smith & Turner plc 173,903 1,526,868 0.01 plc 19,721,711 35,420,193 0.27 Bloomsbury Publishing plc 457,464 1,376,967 0.01 Pearson plc 4,083,231 33,890,817 0.26 Pendragon plc 7,476,074 1,353,169 0.01 plc 620,929 28,730,385 0.22 Card Factory plc 1,561,847 1,349,436 0.01 B&M European Value Retail SA 4,864,392 27,483,815 0.21 Motorpoint Group plc 450,532 1,171,383 0.01 Howden Joinery Group plc 3,109,658 25,119,817 0.19 Ted Baker plc 682,269 1,120,968 0.01 ITV plc 20,240,022 24,490,427 0.19 Photo-Me International plc 1,607,479 1,113,983 0.01 plc 673,023 24,302,861 0.18 Superdry plc 354,453 996,013 0.01 JD Sports Fashion plc 2,487,339 22,843,721 0.17 Studio Retail Group plc 333,888 974,953 0.01 Holdings Plc 419,110 20,536,390 0.16 RM plc 419,766 931,881 0.01 Group plc 177,897 19,301,825 0.15 Hostelworld Group plc 819,953 839,632 0.01 plc 1,218,706 18,731,511 0.14 STV Group plc 180,241 621,831 0.00 easyJet plc 1,768,631 18,314,174 0.14 TEN Entertainment Group plc 235,072 552,419 0.00 TUI AG 3,951,472 16,991,330 0.13 Topps Tiles plc 636,590 440,520 0.00 Marks & Spencer Group plc 10,500,265 16,590,419 0.13 1,655,176,045 12.59 plc 1,500,489 16,415,350 0.12 Consumer Staples 14.98% (31 October 2020: 14.99%) plc 1,193,530 14,769,934 0.11 plc 2,808,326 14,561,170 0.11 Unilever plc 13,837,778 585,545,576 4.45 612,077 14,445,017 0.11 Diageo plc 12,482,069 405,792,063 3.09 SSP Group Plc 4,195,084 13,399,098 0.10 British American Tobacco plc 12,427,111 333,232,981 2.54 WH Smith plc 677,041 12,244,286 0.09 Reckitt Benckiser Group plc 3,432,481 221,326,375 1.68 Carnival plc 718,381 12,078,858 0.09 plc 41,571,562 91,852,366 0.70

7 Vanguard FTSE U.K. All Share Index Unit Trust

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets Imperial Brands plc 5,132,626 77,348,674 0.59 Polar Capital Technology Trust plc 2,644,953 55,438,215 0.42 plc 748,230 17,658,228 0.13 Associated British Foods plc 1,884,875 43,484,066 0.33 plc 1,781,521 17,530,167 0.13 Coca-Cola HBC AG 1,057,032 26,436,370 0.20 plc 1,249,431 17,442,057 0.13 J Sainsbury plc 8,884,940 21,110,617 0.16 RIT Capital Partners plc 698,117 17,173,678 0.13 Wm Morrison Supermarkets plc 12,045,474 20,941,057 0.16 9,466,585 15,473,133 0.12 Tate & Lyle plc 2,524,073 20,192,584 0.15 Ltd. 1,831,843 14,874,565 0.11 plc 1,463,595 12,901,590 0.10 International Public Partnership plc 543,451 12,820,009 0.10 Ltd. 8,769,155 14,784,795 0.11 286,156 10,667,896 0.08 Greencoat UK Wind plc 10,842,846 14,551,099 0.11 C&C Group plc 1,664,949 4,928,249 0.04 Renewables Infrastructure Group Ltd. 11,262,795 14,168,596 0.11 Group plc 2,827,319 4,486,955 0.03 Smithson Investment Trust plc 783,093 13,860,746 0.11 Ltd. 357,413 4,396,180 0.03 Virgin Money UK plc 6,659,961 13,326,582 0.10 plc 3,847,445 3,751,259 0.03 Templeton Emerging Markets PZ Cussons plc 1,085,398 2,860,024 0.02 Investment Trust plc 1,290,023 13,313,037 0.10 Stock Spirits Group plc 1,012,466 2,743,783 0.02 Worldwide Healthcare Trust plc 348,380 13,238,440 0.10 A.G. Barr plc 446,956 2,257,128 0.02 plc 7,695,108 12,935,477 0.10 Devro plc 930,799 1,908,138 0.01 plc 809,745 12,858,751 0.10 McBride plc 1,109,875 1,043,282 0.01 Mercantile Investment Trust plc 4,351,117 11,813,283 0.09 Bakkavor Group plc 704,857 929,002 0.01 Finsbury Growth & Income Trust Carr's Group plc 404,054 626,284 0.01 plc 1,224,313 11,104,519 0.08 Anglo-Eastern Plantations plc 92,540 601,510 0.00 Beazley plc 3,276,962 11,102,347 0.08 1,969,622,233 14.98 plc 4,526,172 10,908,075 0.08 Energy 7.07% (31 October 2020: 6.42%) plc 3,647,917 10,626,382 0.08 TP ICAP Group plc 4,279,634 10,174,830 0.08 BP plc 107,990,792 327,212,100 2.49 plc 2,487,092 9,948,368 0.08 Royal Dutch Shell plc Class A 22,310,835 304,542,898 2.32 OSB Group plc 2,029,550 9,721,545 0.07 Royal Dutch Shell plc Class B 20,215,114 262,553,901 2.00 plc 3,258,238 9,676,967 0.07 plc 3,605,885 10,146,960 0.08 Sequoia Economic Infrastructure plc 576,278 4,774,463 0.04 Income Fund Ltd. 8,969,750 9,543,814 0.07 Diversified Gas & Oil plc 3,791,292 4,617,794 0.04 Ltd. 1,326,261 9,423,084 0.07 plc 2,646,002 4,490,265 0.03 City of London Investment Trust plc 7,663,676 4,146,049 0.03 plc 2,411,932 9,310,058 0.07 Petrofac Ltd. 1,397,389 1,837,567 0.01 JPMorgan Emerging Markets Hunting plc 739,852 1,808,938 0.01 Investment Trust plc 6,798,700 9,219,037 0.07 EnQuest plc 8,092,713 1,369,287 0.01 HarbourVest Global Private Harbour Energy plc 5,033,699 1,027,126 0.01 Equity Ltd. 431,113 8,859,372 0.07 Lamprell plc 987,573 616,246 0.00 Murray International Trust plc 685,946 8,272,509 0.06 Pharos Energy plc 2,110,100 556,011 0.00 plc 362,989 8,221,701 0.06 929,699,605 7.07 Fidelity China Special Situations plc 1,871,202 8,121,017 0.06 Financials 22.87% (31 October 2020: 22.42%) plc 2,620,523 8,045,006 0.06 HSBC Holdings plc 110,914,929 502,167,341 3.82 IntegraFin Holdings plc 1,416,774 7,948,102 0.06 Prudential plc 14,194,933 217,821,247 1.66 plc 295,186 7,822,429 0.06 Lloyds Banking Group plc 382,878,214 173,960,717 1.32 plc 6,720,490 7,674,800 0.06 Barclays plc 94,129,305 165,196,930 1.26 Ltd. 538,084 7,640,793 0.06 Group plc 16,165 7,613,715 0.06 plc 1,968,520 145,631,110 1.11 TR Property Investment Trust plc 1,768,166 7,532,387 0.06 Scottish Mortgage Investment Edinburgh Worldwide Trust plc 7,833,841 98,628,058 0.75 Investment Trust plc 2,069,791 7,409,852 0.06 Legal & General Group plc 32,258,101 87,871,067 0.67 JPMorgan American Investment Aviva plc 21,321,677 85,308,030 0.65 Trust plc 1,127,115 7,382,603 0.06 Standard Chartered plc 14,083,340 73,177,035 0.56 Aberforth Smaller Companies 3i Group plc 5,193,875 66,585,478 0.51 Trust plc 491,042 7,355,809 0.06 Natwest Group plc 24,761,844 48,669,404 0.37 Ltd. 5,757,453 7,047,122 0.05 St James's Place plc 2,867,170 39,036,520 0.30 AJ Bell plc 1,585,199 7,038,284 0.05 RSA Insurance Group plc 5,608,227 38,259,325 0.29 IP Group plc 5,466,536 7,008,099 0.05 Hargreaves Lansdown plc 2,064,971 35,434,902 0.27 Impax Environmental Markets Admiral Group plc 1,132,072 35,422,533 0.27 plc 1,466,450 6,987,634 0.05 Intermediate Capital Group plc 1,513,585 33,086,968 0.25 HgCapital Trust plc 2,057,414 6,882,050 0.05 Standard Life Aberdeen plc 11,736,988 32,558,405 0.25 plc 2,323,822 6,843,656 0.05 M&G plc 14,190,280 30,835,478 0.23 plc 229,116 6,816,201 0.05 F&C Investment Trust plc 2,915,909 24,843,545 0.19 Vietnam Enterprise Investments Pershing Square Holdings Ltd. 872,053 23,632,636 0.18 Ltd. 1,058,847 6,723,678 0.05 Schroders plc 608,492 21,954,391 0.17 BBGI SICAV SA 3,621,552 6,497,064 0.05 Direct Line Insurance Group plc 7,419,112 21,151,888 0.16 plc 1,373,122 6,459,166 0.05 Phoenix Group Holdings plc 2,940,569 20,913,327 0.16 Edinburgh Investment Trust plc 999,694 6,308,069 0.05 IG Group Holdings plc 1,986,578 18,187,122 0.14 plc 2,422,309 6,259,246 0.05 HICL Infrastructure plc 10,582,393 18,053,562 0.14 5,664,824 6,180,323 0.05 Limited 2,586,850 6,130,835 0.05

8 Vanguard FTSE U.K. All Share Index Unit Trust

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets Genesis Emerging Markets Fund plc 1,045,903 2,986,053 0.02 Ltd. 673,076 6,077,876 0.05 Schroder Asian Total Return Avi Global Trust plc 602,448 6,036,529 0.05 Investment Co. plc 581,380 2,930,155 0.02 BlackRock World Mining Trust Bluefield Solar Income Fund Ltd. 2,333,849 2,884,637 0.02 plc 950,890 6,009,625 0.05 JPMorgan Global Emerging plc 663,038 5,954,081 0.05 Markets Income Trust plc 1,931,613 2,868,445 0.02 Schroder AsiaPacific Fund plc 909,893 5,741,425 0.04 European Assets Trust plc 2,160,397 2,840,922 0.02 JPMorgan Japanese Investment JPMorgan China Growth & Trust plc 886,783 5,728,618 0.04 Income plc 415,181 2,823,231 0.02 BMO Global Smaller Companies BlackRock Greater Europe plc 3,393,100 5,720,767 0.04 Investment Trust plc 478,750 2,815,050 0.02 Baillie Gifford Japan Trust plc 526,864 5,637,445 0.04 JPMorgan Asia Growth & BB Healthcare Trust plc 2,853,431 5,592,725 0.04 Income plc 547,370 2,720,429 0.02 Holdings plc 1,584,135 5,354,376 0.04 Henderson Far East Income Ltd. 826,951 2,695,860 0.02 BlackRock Smaller Cos. Trust plc 279,841 5,328,173 0.04 BH Macro Ltd. 83,245 2,680,489 0.02 plc 178,308 5,313,578 0.04 Dunedin Income Growth Baillie Gifford US Growth Trust Investment Trust plc 860,491 2,676,127 0.02 plc 1,588,339 5,249,460 0.04 Aberdeen Asian Income Fund Merian Chrysalis Investment Co. Ltd. 1,138,785 2,607,818 0.02 Ltd. 2,655,437 5,231,211 0.04 GCP Asset Backed Income Fund Henderson Smaller Companies Ltd. 2,608,250 2,566,518 0.02 Investment Trust plc 420,294 5,194,834 0.04 Aberdeen Standard Asia Focus plc 305,597 5,170,701 0.04 plc 199,017 2,557,368 0.02 Liontrust Asset Management plc 317,645 5,133,143 0.04 Baillie Gifford UK Growth Fund 1,000,230 2,440,561 0.02 GCP Infrastructure Investments Pacific Assets Trust plc 721,367 2,351,656 0.02 Ltd. 4,859,261 4,907,854 0.04 Diverse Income Trust plc 1,986,846 2,324,610 0.02 Corp. plc 647,126 4,846,974 0.04 Arrow Global Group plc 749,569 2,278,690 0.02 plc 730,496 4,704,394 0.04 JPMorgan Mid Cap Investment JPMorgan European Trust plc 160,272 2,251,822 0.02 Smaller Companies Trust plc 932,849 4,645,588 0.04 BMO Capital & Income VinaCapital Vietnam Opportunity Investment Trust plc 691,238 2,225,786 0.02 Fund Ltd. 996,364 4,508,547 0.03 JPMorgan Claverhouse 1,807,621 4,403,365 0.03 Investment Trust plc 309,925 2,219,063 0.02 European Opportunities Trust plc 589,141 4,330,186 0.03 Chesnara plc 790,520 2,177,883 0.02 Temple Bar Investment Trust plc 385,059 4,289,557 0.03 Mid Wynd International Investment Trust plc 290,246 2,153,625 0.02 Scottish American Investment Co. plc 878,930 4,280,389 0.03 North Atlantic Smaller Companies Schroder Oriental Income Fund Investment Trust plc 54,134 2,149,120 0.02 Ltd. 1,478,323 4,264,962 0.03 Henderson European Focus TR European Growth Trust plc 287,731 4,229,646 0.03 Trust plc 133,860 2,114,988 0.02 ICG Enterprise Trust plc 387,724 4,195,174 0.03 Aberdeen New Dawn Blackrock Throgmorton Trust plc 472,052 4,172,940 0.03 Investment Trust plc 643,462 2,097,686 0.02 Baillie Gifford Shin Nippon plc 1,598,354 3,852,033 0.03 Utilico Emerging Markets Trust Asia Dragon Trust plc 716,779 3,770,258 0.03 plc 1,018,847 2,068,259 0.02 Pacific Horizon Investment Trust Starwood European Real Estate plc 461,020 3,720,431 0.03 Finance Ltd. 2,278,976 2,055,636 0.02 JTC plc 550,047 3,701,816 0.03 Octopus Renewables Standard Life UK Smaller Cos Infrastructure Trust plc 1,831,477 2,043,928 0.02 Trust plc 526,640 3,465,291 0.03 Henderson EuroTrust plc 136,972 2,034,034 0.02 Merchants Trust plc 678,775 3,427,814 0.03 Fundsmith Emerging Equities Scottish Investment Trust plc 436,445 3,382,449 0.03 Trust plc 155,593 2,030,489 0.02 Provident Financial plc 1,376,959 3,365,288 0.03 Martin Currie Global Portfolio Biotech Growth Trust plc 229,912 3,319,929 0.03 Trust plc 514,770 1,966,421 0.02 NextEnergy Solar Fund Ltd. 3,370,820 3,306,774 0.03 BH Global Ltd. 105,904 1,964,519 0.02 JLEN Environmental Assets Fidelity Asian Values plc 408,642 1,961,482 0.01 Group Ltd. 2,992,280 3,291,508 0.03 Lowland Investment Company Sabre Insurance Group plc 1,264,532 3,287,783 0.03 plc 147,829 1,958,734 0.01 JPMorgan Global Growth & Standard Life Private Equity Income plc 767,345 3,276,563 0.03 Trust plc 420,870 1,957,046 0.01 Sdcl Energy Efficiency Income Bank of Georgia Group plc 190,005 1,941,851 0.01 Trust plc 2,873,780 3,261,740 0.02 JPMorgan Smaller Companies JPMorgan Indian Investment Investment Trust plc 480,019 1,910,476 0.01 Trust plc 467,249 3,224,018 0.02 TBC Bank Group plc 194,454 1,890,093 0.01 Foresight Solar Fund Ltd. 3,319,055 3,202,888 0.02 Real Estate Credit Investments Baillie Gifford European Growth Ltd. 1,332,056 1,884,859 0.01 Trust plc 2,040,200 3,084,782 0.02 JPMorgan Japan TwentyFour Income Fund Ltd. 2,920,168 3,080,777 0.02 Smaller Companies Trust plc 371,325 1,878,905 0.01 Capital Gearing Trust plc 63,687 3,069,713 0.02 JPMorgan Russian Securities plc 283,334 1,858,671 0.01 Ruffer Investment Company Ltd. Fidelity Japan Trust plc 828,916 1,840,194 0.01 - Preference Shares 1,063,083 3,029,787 0.02 Aberdeen Diversified Income CMC Markets plc 620,098 2,995,073 0.02 and Growth Trust plc 1,912,971 1,805,845 0.01

9 Vanguard FTSE U.K. All Share Index Unit Trust

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets International Biotechnology Trust BlackRock Latin American plc 238,377 1,759,222 0.01 Investment Trust plc 209,890 780,791 0.01 Scottish Oriental Blackrock North American Smaller Companies Trust plc 174,635 1,735,872 0.01 Income Trust plc 394,993 778,136 0.01 Aberdeen New India Investment City of London Investment Trust plc 314,886 1,643,705 0.01 Group plc 128,458 683,397 0.01 Brunner Investment Trust plc 173,008 1,633,196 0.01 Riverstone Energy Ltd. 229,769 670,925 0.01 Honeycomb Investment Trust S&U plc 26,577 648,479 0.01 plc 170,534 1,628,600 0.01 Amigo Holdings plc 2,718,064 615,370 0.00 INVESCO Asia Trust plc 429,279 1,618,382 0.01 Middlefield Canadian Income Schroder Japan Growth Fund plc 793,818 1,611,451 0.01 PCC 584,915 602,462 0.00 BlackRock Frontiers Investment Invesco Select Trust plc 352,225 602,305 0.00 Trust plc 1,293,453 1,590,947 0.01 River & Mercantile Group plc 251,215 522,527 0.00 Schroder Income Growth Fund Manchester & London plc 510,083 1,545,551 0.01 Investment Trust plc 86,299 509,164 0.00 Schroder UK Public Private 4,861,301 1,528,879 0.01 SQN Asset Finance Income International Personal Finance Fund Ltd. Ordinary Shares 2,685,920 486,152 0.00 plc 1,187,451 1,508,063 0.01 EP Global Opportunities Trust plc 147,439 420,201 0.00 BMO Private Equity Trust plc 399,608 1,506,522 0.01 SQN Asset Finance Income Lindsell Train Investment Trust Fund Ltd. Class C 1,145,282 366,490 0.00 plc 1,032 1,460,280 0.01 Allied Minds plc 1,585,400 364,642 0.00 Securities Trust of Scotland plc 709,514 1,447,409 0.01 Alcentra European Floating Rate Schroder UK Mid Cap Fund plc 206,046 1,429,959 0.01 Income Fund Ltd.1 45,286 36,908 0.00 Invesco Perpetual UK Gartmore Irish Growth Fund plc3 5,084 — 0.00 Smaller Companies 3,005,720,924 22.87 Investment Trust plc 235,385 1,407,602 0.01 Henderson High Income Trust Health Care 8.42% (31 October 2020: 10.72%) plc 825,740 1,399,629 0.01 AstraZeneca plc 7,146,821 551,377,240 4.19 CQS New City High Yield Fund GlaxoSmithKline plc 26,832,706 359,450,930 2.73 Ltd. 2,580,365 1,388,236 0.01 Smith & Nephew plc 4,749,543 74,520,330 0.57 City Merchants High Yield Trust plc 569,050 22,944,096 0.17 Ltd. 711,578 1,380,461 0.01 Hikma Pharmaceuticals plc 919,666 22,439,850 0.17 Montanaro UK ConvaTec Group plc 8,723,229 19,034,086 0.14 Smaller Companies Investment Trust plc 870,684 1,362,620 0.01 351,752 17,869,002 0.14 TwentyFour Select Monthly UDG Healthcare plc 1,365,871 11,705,514 0.09 Income Fund Ltd 1,430,778 1,362,101 0.01 plc 2,099,637 6,429,088 0.05 JPMorgan US plc 3,868,973 5,904,053 0.05 Smaller Companies plc 3,318,519 3,736,652 0.03 Investment Trust plc 302,325 1,357,439 0.01 Oxford Biomedica plc 334,594 3,653,766 0.03 Georgia Capital plc 235,997 1,326,303 0.01 PureTech Health plc 828,031 3,423,908 0.03 VH Global Sustainable Energy Group plc 1,537,910 3,075,820 0.02 Opportunities plc 1,308,089 1,310,705 0.01 Medica Group plc 509,067 796,690 0.01 Aberdeen Standard Equity NMC Health plc3 524,154 1 0.00 Income Trust plc 365,461 1,286,423 0.01 Ecofin Global Utilities and 1,106,361,026 8.42 Infrastructure Trust plc 690,892 1,278,150 0.01 Industrials 12.42% (31 October 2020: 12.69%) CC Japan Income & Growth CRH plc 4,280,316 146,643,626 1.12 Trust plc 892,693 1,276,551 0.01 Experian plc 4,930,814 137,668,327 1.05 Augmentum Fintech plc 790,227 1,272,265 0.01 Ashtead Group plc 2,435,851 113,291,430 0.86 XPS Pensions Group plc 1,021,646 1,261,733 0.01 1,223,790 111,756,503 0.85 NB Global Floating Rate Income BAE Systems plc 17,481,430 88,490,999 0.67 Fund Ltd. 1,417,979 1,227,970 0.01 Intertek Group plc 879,983 54,013,356 0.41 JPMorgan Global Core Real Assets Ltd 1,304,530 1,194,949 0.01 Halma plc 2,062,730 53,362,825 0.41 Strategic Equity Capital plc 386,200 1,131,566 0.01 Smurfit Kappa Group plc 1,413,554 52,471,124 0.40 Jupiter US Smaller Companies Mondi plc 2,640,474 51,858,909 0.39 plc 80,891 1,108,207 0.01 Rentokil Initial plc 10,102,776 50,534,085 0.38 Artemis Alpha Trust plc 245,564 1,085,393 0.01 Spirax-Sarco Engineering plc 400,797 47,354,166 0.36 Keystone Investment Trust plc 343,836 1,065,892 0.01 Rolls-Royce Holdings plc 40,773,647 42,649,235 0.32 Henderson Diversified Income Melrose Industries plc 26,108,571 42,530,862 0.32 Trust plc 1,192,779 1,040,103 0.01 Bunzl plc 1,826,372 42,499,676 0.32 VPC Specialty Lending Smiths Group plc 2,167,373 35,219,811 0.27 Investments plc 1,211,979 1,030,182 0.01 DCC plc 534,883 33,612,048 0.26 Gabelli Value Plus + Trust plc 621,993 1,013,849 0.01 DS Smith plc 6,941,117 29,208,220 0.22 Aurora Investment Trust plc 404,368 938,134 0.01 plc 2,568,324 27,352,651 0.21 AVI Japan Opportunity Trust plc 811,625 900,904 0.01 Weir Group plc 1,408,273 26,989,552 0.20 Metro Bank plc 773,112 892,944 0.01 Royal Mail plc 4,954,477 24,574,206 0.19 Aberforth Split Level Income IMI plc 1,455,888 23,192,296 0.18 Trust plc 1,093,174 878,912 0.01 plc 627,787 20,428,189 0.15 Electra Private Equity plc 177,362 860,206 0.01 plc 4,214,982 19,641,816 0.15 M&G Credit Income Investment 663,663 19,020,582 0.14 Trust plc 859,572 854,415 0.01

10 Vanguard FTSE U.K. All Share Index Unit Trust

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets Signature Aviation plc 4,425,228 17,882,346 0.14 Dialight plc 117,084 323,152 0.00 2,118,378 16,544,532 0.13 Finablr plc2 734,873 77,015 0.00 plc 4,712,161 16,238,107 0.12 1,633,070,493 12.42 IWG plc 3,913,114 14,349,389 0.11 Real Estate 2.74% (31 October 2020: 2.88%) plc 1,190,796 14,194,288 0.11 8,439,250 13,789,734 0.10 plc 6,471,665 65,040,233 0.50 185,948 11,640,345 0.09 Land Securities Group plc 3,889,905 28,030,655 0.21 plc 3,714,305 11,588,632 0.09 Co. plc 5,044,907 26,142,708 0.20 plc 1,312,971 11,317,810 0.09 UNITE Group plc 1,726,923 20,101,384 0.15 Holdings plc 543,971 18,103,355 0.14 plc 2,503,265 10,481,171 0.08 Tritax Big Box REIT plc 9,262,728 17,626,971 0.13 QinetiQ Group plc 3,057,752 10,151,737 0.08 LondonMetric Property plc 4,808,545 10,838,460 0.08 Pagegroup plc 1,690,772 9,476,777 0.07 plc 884,672 10,580,677 0.08 Group plc 6,655,029 9,323,696 0.07 Primary Health Properties plc 6,903,901 10,431,794 0.08 Group plc 2,749,540 7,921,425 0.06 13,910,895 10,349,706 0.08 Holdings plc 380,182 7,679,676 0.06 3,578,660 10,220,653 0.08 1,050,034 7,633,747 0.06 plc 1,394,944 9,659,987 0.07 Polypipe Group plc 1,185,521 6,698,194 0.05 Holdings plc 1,120,941 9,539,208 0.07 1,169,324 6,290,963 0.05 Voting 1,489,411 9,346,054 0.07 plc 285,685 6,199,364 0.05 plc 22,146,037 8,816,337 0.07 Euromoney Institutional Investor plc 711,204 8,498,888 0.06 plc 570,723 5,650,158 0.04 Capital & Counties Properties plc 155,468 5,133,553 0.04 plc 4,018,786 7,306,153 0.06 plc 1,609,690 5,110,766 0.04 plc 704,459 5,773,042 0.04 plc 1,347,854 4,899,449 0.04 Ltd. 5,380,313 5,444,877 0.04 plc 213,352 4,885,761 0.04 LXI REIT plc 3,343,887 4,561,062 0.03 FDM Group Holdings plc 460,248 4,703,735 0.04 St Modwen Properties plc 1,004,583 4,349,844 0.03 2,118,711 4,678,114 0.04 GCP Student Living plc 2,453,203 4,018,347 0.03 Morgan Advanced Materials plc 1,562,738 4,617,891 0.03 plc 3,367,354 3,838,784 0.03 plc 7,685,738 4,488,471 0.03 Tritax EuroBox plc 3,007,872 3,422,958 0.03 plc 1,059,029 4,474,397 0.03 UK Commercial Property REIT plc 1,052,040 4,381,747 0.03 Ltd. 3,963,182 3,186,398 0.02 XP Power Ltd. 85,314 4,308,357 0.03 Target Healthcare REIT plc 2,445,509 2,890,592 0.02 136,958 4,156,675 0.03 Empiric Student Property plc 3,244,823 2,855,444 0.02 plc 1,516,942 3,989,557 0.03 Picton Property Income Ltd. 2,860,397 2,597,241 0.02 Group plc 6,262,869 3,882,979 0.03 Helical plc 563,317 2,388,464 0.02 plc 8,789,197 3,842,637 0.03 Custodian Reit plc 2,237,904 2,287,138 0.02 Forterra plc 1,284,597 3,744,600 0.03 Triple Point Social Housing REIT plc 2,105,117 2,206,163 0.02 Vitec Group plc 261,255 3,657,570 0.03 BMO Commercial Property Trust Equiniti Group plc 1,860,431 3,252,033 0.02 Ltd. 2,728,922 2,139,475 0.02 Keller Group plc 393,064 3,250,639 0.02 CLS Holdings plc 839,625 2,082,270 0.02 Clipper Logistics plc 463,539 3,184,513 0.02 Regional REIT Ltd. 2,161,031 1,815,266 0.01 SThree plc 707,152 2,828,608 0.02 LSL Property Services plc 430,364 1,742,974 0.01 Wincanton plc 607,469 2,612,117 0.02 RDI REIT plc 1,415,903 1,716,074 0.01 Senior plc 2,170,356 2,341,814 0.02 NewRiver REIT plc 1,675,204 1,698,657 0.01 Robert Walters plc 350,721 2,321,773 0.02 Impact Healthcare REIT plc 1,378,235 1,538,110 0.01 PayPoint plc 380,008 2,276,248 0.02 Aberdeen Standard European James Fisher & Sons plc 209,616 2,180,006 0.02 Logistics Income plc 1,321,205 1,506,174 0.01 Speedy Hire plc 2,823,048 2,153,986 0.02 Standard Life Investment De La Rue plc 1,085,732 1,913,060 0.01 Property Income Trust Ltd. 2,044,011 1,490,084 0.01 SIG plc 3,493,717 1,726,595 0.01 Harworth Group plc 1,124,391 1,411,111 0.01 Kin & Carta plc 927,807 1,642,218 0.01 508,894 1,374,014 0.01 Ricardo plc 373,778 1,566,130 0.01 Home Reit plc 1,204,536 1,361,126 0.01 RPS Group plc 1,607,406 1,414,517 0.01 Residential Secure Income plc 1,184,501 1,148,966 0.01 John Menzies plc 409,236 1,354,571 0.01 BMO Real Estate Investments Severfield plc 1,697,497 1,324,048 0.01 Ltd. 1,449,491 1,121,906 0.01 Mears Group plc 670,209 1,300,205 0.01 Schroder Real Estate Luceco plc 398,573 1,279,419 0.01 Investment Trust Ltd. 2,472,796 1,099,158 0.01 Stobart Group Ltd. 3,199,610 1,140,661 0.01 Group plc 1,729,436 1,087,815 0.01 Norcros plc 379,911 1,067,550 0.01 McKay Securities plc 415,694 943,625 0.01 Porvair plc 185,924 1,067,204 0.01 AEW UK REIT plc 833,197 763,208 0.01 Macfarlane Group plc 891,648 1,034,312 0.01 Raven Property Group Ltd. 2,670,915 745,185 0.01 Costain Group plc 1,546,572 912,477 0.01 Ediston Property Investment Co. plc 1,057,746 729,845 0.01 Vp plc 96,932 804,536 0.01 Schroder European Real Estate Galliford Try Holdings plc 577,501 724,764 0.01 Investment Trust plc 702,701 681,620 0.01 Kier Group plc 815,902 713,914 0.01 U & I Group plc 716,745 660,839 0.01 Goodwin plc 17,652 526,030 0.00 DWF Group plc 460,978 383,534 0.00

11 Vanguard FTSE U.K. All Share Index Unit Trust

Market %of Market %of Value Tot al Net Value Tot al Net Holding (£) Assets Holding (£) Assets Capital & Regional plc 280,415 234,988 0.00 Telecommunications 2.30% (31 October 2020: 2.26%) 1 Properties plc 5,919,378 103,767 0.00 Vodafone Group plc 145,899,359 199,590,323 1.52 359,649,834 2.74 BT Group plc 47,408,789 78,177,093 0.60 Technology 1.91% (31 October 2020: 2.33%) Communications plc 3,239,355 8,234,440 0.06 plc 3,344,487 5,725,762 0.04 Just Eat Takeaway.com NV 642,267 48,137,912 0.37 plc 346,183 4,493,455 0.04 Sage Group plc 5,918,005 37,745,036 0.29 plc 5,418,143 4,115,080 0.03 plc 4,761,076 29,233,007 0.22 BATM Advanced Auto Trader Group plc 5,107,783 29,124,579 0.22 Communications Ltd. 1,842,469 1,779,825 0.01 AVEVA Group plc 618,328 21,511,631 0.16 302,115,978 2.30 Avast plc 3,002,011 14,340,607 0.11 plc 669,815 12,840,354 0.10 Utilities 2.92% (31 October 2020: 3.56%) plc 389,507 10,423,207 0.08 National Grid plc 19,294,621 175,677,524 1.34 International plc 1,794,999 9,294,505 0.07 SSE plc 5,665,294 83,138,190 0.63 Moneysupermarket.com Group United Utilities Group plc 3,702,555 35,840,732 0.27 plc 2,843,944 7,758,279 0.06 Severn Trent plc 1,292,305 31,984,549 0.24 plc 2,115,307 7,378,191 0.05 plc 2,299,076 23,760,951 0.18 plc 1,096,945 5,403,551 0.04 plc 31,614,279 17,887,359 0.14 Group plc 291,909 4,460,369 0.03 plc 2,128,398 8,692,377 0.07 NCC Group plc 1,478,588 4,014,366 0.03 plc 1,210,862 3,341,979 0.03 DiscoverIE Group plc 476,917 3,710,414 0.03 ContourGlobal plc 961,474 1,913,333 0.01 TT Electronics plc 908,108 2,156,756 0.02 Renewi plc 3,208,468 1,629,902 0.01 Aptitude Software Group plc 316,755 2,122,258 0.02 383,866,896 2.92 Funding Circle Holdings plc 731,316 1,113,063 0.01 Alfa Financial Software Holdings Total Equities 12,831,690,381 97.62 plc 547,332 744,372 0.00 251,512,457 1.91 Notional Unrealised Number of Amount Gain/(Loss) % of Total Contracts (£) (£) Net Assets Financial Derivative Instruments 0.04% (31 October 2020: (0.06%)) Futures Contracts 0.04% (31 October 2020: (0.06%)) FTSE 100 Index June 2021 4,244 294,385,060 5,427,383 0.04 FTSE 250 Index June 2021 461 20,446,272 318,574 0.00 5,745,957 0.04

Unrealised Buy (Sell) Settlement Gain/(Loss) % of Total Currency Amount Currency Amount Counterparty Date (£) Net Assets Open Forward Currency Exchange Contracts (0.00%) (31 October 2020: 0.00%) JP Morgan Chase USD 634,807 GBP (456,456) Bank 16/5/21 1,989 0.00 Barclays USD 240,006 GBP (174,997) Bank 16/5/21 (1,669) (0.00) JP Morgan Chase GBP 4,534,795 USD (6,321,545) Bank 16/5/21 (30,506) (0.00) JP Morgan Chase GBP 2,445,306 EUR (2,850,000) Bank 5/5/21 (32,631) (0.00) Barclays GBP 3,990,754 EUR (4,659,543) Bank 16/5/21 (63,433) (0.00) (126,250) (0.00) Total Financial Derivative Instruments 5,619,707 0.04

Market Value % of Total (£) Net Assets Portfolio of Investments* 12,837,310,088 97.66 Net Other Assets 307,872,809 2.34 Net Assets Attributable to Unitholders 13,145,182,897 100.00 All holdings are ordinary shares or stock units that are listed on an official stock exchange or are traded on an eligible securities market, unless otherwise stated. * Including investment liabilities. 1 Delisted securities which have been included with the Manager’s best assessment of their fair value. 2 Suspended securities which have been included with the Manager's best assessment of their fair value. 3 Manually priced securities.

12 Vanguard FTSE U.K. All Share Index Unit Trust

Balance Sheet

As at As at 30 April 2021 31 October 2020 (£) (£) Assets: Investment Assets 12,837,438,327 10,176,139,307 Current Assets Debtors 80,815,982 97,797,295 Cash and Bank Balances 230,053,930 133,176,440 Total Assets 13,148,308,239 10,407,113,042 Liabilities: Investment Liabilities 128,239 5,787,212 Creditors Distribution Payable — 50,697,685 Other Creditors 2,997,103 3,655,662 Total Liabilities 3,125,342 60,140,559 Net Assets Attributable to Unitholders 13,145,182,897 10,346,972,483

Statement of Total Return

Period Ended Period Ended 30 April 2021 30 April 2021 30 April 2020 30 April 2020 (£) (£) (£) (£) Income Net Capital Gains/(Losses) 2,714,127,683 (1,981,445,562) Revenue 200,510,174 164,713,918 Expenses (3,525,627) (2,923,421) Net Revenue Before Taxation 196,984,547 161,790,497 Taxation (1,172,210) (1,633,990) Net Revenue After Taxation 195,812,337 160,156,507 Total Return Before Distributions 2,909,940,020 (1,821,289,055) Distributions1 1,933,520 20,084,954 Change in Net Assets Attributable to Unitholders From Investment Activities 2,911,873,540 (1,801,204,101) 1 Includes adjustments for equalisation.

Statement of Change in Net Assets Attributable to Unitholders

Period Ended Period Ended 30 April 2021 30 April 2021 30 April 2020 30 April 2020 (£) (£) (£) (£) Opening Net Assets Attributable to Unitholders 10,346,972,483 9,685,225,213 Amounts Received on Issue of Units 645,927,968 2,032,292,183 Amounts Paid on Cancellation of Units (762,447,948) (210,073,287) (116,519,980) 1,822,218,896 Dilution Adjustment 2,856,854 9,120,843 Change in Net Assets Attributable to Unitholders From Investment Activities 2,911,873,540 (1,801,204,101) Closing Net Assets Attributable to Unitholders 13,145,182,897 9,715,360,851

The interim financial statements for the Trust have been prepared on the same basis of the accounting policies as the annual financial statements for the year ended 31 October 2020.

13 Vanguard FTSE U.K. All Share Index Unit Trust

Further Information

Reports and Financial Statements Each year, annual and interim reports will be prepared. They will describe investment activity during the period and provide management commentary.

Recipients of this document should not treat the contents as advice relating to legal, taxation or investment matters and should consult their own professional advisers concerning the acquisition, holding or disposing of investments in the Trust.

Past performance is not necessarily indicative of future performance, and the value of the units and income from them may fall as well as rise.

On redemption of units, investors may receive back an amount less than the original amount of their investment. The assets of the Trust will be in a variety of currencies, and therefore movements in the value of currencies may affect the value of an investor’s holdings and the income from the holdings may fluctuate in value in money terms.

Prospectus The Prospectus, an important document describing the Trust in detail, is available from the Manager, which is responsible for the management and administration of the Trust.

The Manager of the Trust is Vanguard Investments UK, Limited, located at 4th Floor, The Walbrook Building, 25 Walbrook, London EC4N 8AF.

Types of Units Available The Trust offers two classes of units, GBP and Institutional Plus GBP, with Income Units and Accumulation Units.

Switching Investors may sell their units and transfer the proceeds into any of the other unit classes by calling our dealing desk on 0800 408 2065.

Distributions The Trust allocates income annually, on 31 October.

Publication of Prices The most recent unit prices are published daily on https://global.vanguard.com/portal/site/home.

Assessment of Value Under rules laid out in COLL 6.6.20R of the Financial Conduct Authority’s Handbook, the Manager is required to inform investors annually whether its funds are providing value to investors and then publish an annual statement summarising the outcome of this process. Details of the statement are available at https://www.vanguard.co.uk/adviser/adv/about-vanguard/assessment-of-value.

Issued by Vanguard Investments UK, Limited 4th Floor, The Walbrook Building, 25 Walbrook, London, EC4N 8AF

14 Directory

Authorised Fund Manager ("the Manager") Investment Adviser Vanguard Investments UK, Limited Vanguard Global Advisers, LLC 4th Floor, The Walbrook Building P.O. Box 2600 25 Walbrook Valley Forge, PA 19482 London USA EC4N 8AF United Kingdom The Trustee State Street Trustees Limited Directors of the Manager1,2 Quartermile 3 Sean P. Hagerty 10 Nightingale Way Katie Smith Edinburgh Kathleen Bock EH3 9EG Daniel Waters United Kingdom John Bendl Maureen Erasmus Independent Auditors PricewaterhouseCoopers LLP Administrator and Registrar Level 4 SS&C Financial Services International Limited and Atria One SS&C Financial Services Europe Limited 144 Morrison Street SS&C House Edinburgh St. Nicholas Lane EH3 8EX Basildon United Kingdom Essex SS15 5FS United Kingdom

1 With effect from 16 December 2020, Michael Gower resigned as a director of Vanguard Investments UK, Limited. 2 With effect from 31 December 2020, James M. Norris resigned as a director of Vanguard Investments UK, Limited.

15 Vanguard Investments UK, Limited 4th Floor, The Walbrook Building 25 Walbrook London EC4N 8AF United Kingdom

Connect with Vanguard® > vanguard.co.uk

This report is intended for the Trust’s unitholders. It may not be distrib- uted to prospective investors unless it is preceded or accompanied by the current Trust Prospectus.

All comparative mutual fund data are from Lipper, a Thomson Reuters Company, or Morningstar, Inc., unless otherwise noted.

Vanguard FTSE U.K. All Share Index Unit Trust is not in any way spon- sored, endorsed, sold or promoted by FTSE International Limited (“FTSE”) or any of the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation what- soever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE All-Share Index (the “Index”, upon which Vanguard FTSE U.K. All Share Index Unit Trust is based), (ii) the figure at which the Index is said to stand at any particular time on any par- ticular day or otherwise, or (iii) the suitability of the Index for the pur- pose to which it is being put in connection with Vanguard FTSE U.K. All Share Index Unit Trust. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Vanguard or to its clients. The Index is calcu- lated by FTSE or its agent. None of the Licensor Parties shall be (a) li- able (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.

All rights in the Index vest in FTSE. “FTSE®” is a trademark of LSEG and is used by FTSE under licence.

Vanguard Investments UK, Limited, only gives information on products and services and does not give investment advice based on individual circumstances. The Key Investor Information Document (“KIID”) and the Prospectus for this Trust are available in local languages from Van- guard Investments UK, Limited, via our website vanguard.co.uk.

Issued by Vanguard Investments UK, Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.

© 2021 Vanguard Investments UK, Limited. All rights reserved.