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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":"a220dbfa-684f-41d9-9f9a-ce011f5a12cc","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"22d168df-9f64-4d4b-afb9-b0ac4bb6d249","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":"52818b15-513e-49b9-b31d-90926dcc0799","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"73a9fea6-933d-405d-b499-6b9d2e111532","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"21ea6595-257e-4441-b87e-0181c2aa5947","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":"d05f28ed-c4b5-461d-b968-24c20517f075","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"c749636c-9106-4bf5-9ca5-2e437aae9a57","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":"726b7689-db39-4931-9619-931c19b8499b"},"user_id":1000002,"date_created":"2026-10-15T22:21:38.693000Z","date_modified":"2026-10-15T22:21:38.693000Z","private":false}