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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":"e1da8add-22f8-42d6-b8ab-b7cbc0d24012","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"beb6eb4b-0943-46e3-a07b-9dcfa016bda2","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":"4f839fd2-7d2e-4e24-a7ad-1cb084b455ea","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"6d0c5526-7347-474c-8956-5efcd66bd698","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"42cde852-b6b9-4859-80d5-41d69e6bb5f1","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":"71e5aaea-3564-44af-8fc0-73462547cd3a","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"133b591e-c591-4d9b-8a7b-fc55dcb031f3","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":"19db85e9-3a0a-44ed-b048-58fc695fc542"},"user_id":1000002,"date_created":"2026-10-15T22:26:04.688000Z","date_modified":"2026-10-15T22:26:04.688000Z","private":false}