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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":"e1e8527a-c7e1-43d1-af54-fffb9df8a8b7","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"1131d222-27c5-47b6-ad34-c014c9643d5e","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":"20a46eae-5ccd-4f0d-af40-c502cc80d593","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"9037c3b8-e688-49dd-a85c-b56f3b932ad1","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"7ca87b8e-ad42-444b-a40f-8719ffbd963b","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":"59f86132-7e9c-4fed-b0ae-6355b65d7e7a","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"42da174c-7083-4b66-8b55-6e601f55a9c3","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":"19ab7fb7-9df3-4e8f-8217-40a476ada5db"},"user_id":1000002,"date_created":"2026-10-15T22:29:25.676000Z","date_modified":"2026-10-15T22:29:25.676000Z","private":false}