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The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":194,"width":744,"height":8}},{"id":"f5649b03-fb6d-4ceb-9e06-fbc24ddfbd61","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":194,"width":112,"height":8}},{"id":"0fd24179-f1ff-4b1b-9bb2-3598901f8660","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":203,"width":706,"height":8}},{"id":"abf38258-c764-4b09-a8de-58db6c7631e1","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":203,"width":167,"height":8}},{"id":"b2f51dd1-2ad3-480e-9e09-852ad536e693","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":213,"width":182,"height":8}},{"id":"3338f603-fe40-44c0-ba57-6d0805ed66f1","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":227,"width":761,"height":7}},{"id":"f0b509c8-540a-4cd9-abd4-5cad76aa6809","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":227,"width":11,"height":6}},{"id":"d43f2afb-c6f5-4e93-aa08-ca800bfe043e","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":240,"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":"d4e071c7-b9d1-46de-bc0e-f3b03f9bf083"},"user_id":1000002,"date_created":"2026-10-15T22:29:42.605000Z","date_modified":"2026-10-15T22:29:42.605000Z","private":false}