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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":"c53326bf-2b42-4a0d-9e7c-408fbd40efda","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"66c1c5c6-c64d-4d31-8a10-ad9c59910bfd","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":"34989d76-ea8b-454b-bcdb-e475f38a4aef","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"ad2fcca1-2ce3-406b-931b-b118a2018354","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"4ea43db2-1d5f-4549-888d-9f79b6e0e5e7","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":"7e95e3c2-dfd3-41b1-8333-25e17780c36f","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"864d22b7-5168-4ee4-8e84-3d5ed2547061","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":673,"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":"61a38f48-bf76-4e82-b13b-59a7b78f9c78"},"user_id":1000002,"date_created":"2026-10-15T22:29:39.605000Z","date_modified":"2026-10-15T22:29:39.605000Z","private":false}