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The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":154,"width":744,"height":8}},{"id":"32deb5c2-db4c-41b5-96a8-ceccca56f60d","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":155,"width":112,"height":7}},{"id":"93a31a49-a8d6-4812-b1c6-2480bd168268","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":164,"width":706,"height":8}},{"id":"73a4750b-0f2c-4c86-8ac7-0a88a85ec83f","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":164,"width":167,"height":7}},{"id":"ad4155c8-1da3-49f0-8584-5f3ac5d80825","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":173,"width":182,"height":8}},{"id":"0827472c-a81c-46d7-8970-3bcd3d585baf","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":187,"width":761,"height":8}},{"id":"f9f1bae1-3aa3-477e-ab20-5ff8df675569","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":188,"width":11,"height":5}},{"id":"d2d32778-12d1-473c-bdf1-f71852f2b7ac","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":200,"width":674,"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":"f866906d-dd45-40e4-b47d-b453784d8657"},"user_id":1000002,"date_created":"2026-10-15T22:22:48.630000Z","date_modified":"2026-10-15T22:22:48.630000Z","private":false}