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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":"906cb2c5-59f6-4636-acb5-b8e8e32ff967","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"52de8ad0-2c3a-462d-afe3-2e851d7b0d71","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":"218e4e30-4730-4320-982a-489da40e1093","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"788a1999-ba90-4e7d-938c-d2ac0a7ee644","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"c0125b23-767e-4858-aa19-db98d0b024f3","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":"b2513359-d41d-4135-a932-c7df878b40fb","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"b9edfdc1-a0c4-4b2c-9ba4-27ee625433a2","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":"45524ea4-c867-4740-803f-2730c724be8b"},"user_id":1000002,"date_created":"2026-10-15T22:17:20.621000Z","date_modified":"2026-10-15T22:17:20.621000Z","private":false}