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The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":177,"width":744,"height":8}},{"id":"782fa164-54c2-4edd-9607-911486e03ab7","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":178,"width":112,"height":7}},{"id":"bc16877c-11f3-461c-ae3e-29914e80f2f2","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":187,"width":706,"height":8}},{"id":"cd9839b6-e820-47d1-81cd-2703cd60cede","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":187,"width":167,"height":7}},{"id":"e4603e09-c82b-4cf8-ac38-c6e3d550a8d9","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":196,"width":182,"height":8}},{"id":"f3b39676-fb1b-4ca3-a6d0-aa6727c4e0fa","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":210,"width":761,"height":8}},{"id":"d57b321f-6743-4f56-9373-404e4a28c21f","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":211,"width":11,"height":5}},{"id":"f943e85b-2705-4919-b87a-12dd5aac7c5e","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":223,"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":"ad0a8f49-cf46-4214-8909-c03f51d9b5ca"},"user_id":1000002,"date_created":"2026-10-15T22:29:19.634000Z","date_modified":"2026-10-15T22:29:19.634000Z","private":false}