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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":"3701a090-5b66-4a61-95d8-198980c54240","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"5bc1f79c-fbfe-44f3-a8c3-aeda97a2c6d2","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":"12d0d2fb-ec57-42d7-9d4e-1dc1eeb03d68","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"2d9a89f7-57d2-48b5-a2e0-5c73ac739642","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"8dd70a9c-b1f2-4ea7-992e-510693b83f13","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":"6ce62154-4717-4c19-9781-bcdab36ecde8","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"b92e6318-a300-435f-b827-f9df53bd58ae","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":"73822e5e-a738-4a87-a864-2de58f457b1f"},"user_id":1000002,"date_created":"2026-10-15T22:16:29.653000Z","date_modified":"2026-10-15T22:16:29.653000Z","private":false}