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The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":207,"width":744,"height":8}},{"id":"f988a64c-9347-4ca9-b649-3d2f607d2d07","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"e657d10a-00e3-47c2-a925-ba7eea05f670","block_type":"box","text":"assets and result in greater fluctuations of the Fund’s net asset value. A derivative is a financial contract whose value is based on the value of","page_number":4,"box":{"x":39,"y":217,"width":706,"height":8}},{"id":"0e8feba4-6e4d-423f-976a-43dd4a86329a","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"1276d2e4-e5b3-4e94-b227-f4ffcc0e7662","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"bdd91359-9f61-4599-b9b6-ffd4088d02d2","block_type":"box","text":"Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investmen","page_number":4,"box":{"x":39,"y":240,"width":761,"height":8}},{"id":"c20a8a76-35a3-43a8-9a82-32065dbd026e","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"00cf0de0-9d19-4a13-a36a-e9504eae5d02","block_type":"box","text":"For further information on risks please see the “Risk Factors” section of the prospectus on our website at https://global.vanguard.com.","page_number":4,"box":{"x":39,"y":254,"width":674,"height":8}}],"unit":"per_mille","page_width":595,"page_height":842,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":4}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"736e9909-f016-4f2b-ad8e-c7c346c81e4d"},"user_id":1000002,"date_created":"2026-10-15T22:28:18.546000Z","date_modified":"2026-10-15T22:28:18.546000Z","private":false}