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As a result the value of your investment may rise or f","page_number":5,"box":{"x":39,"y":173,"width":761,"height":7}},{"id":"fed69b70-6e20-4b75-a018-b8a76fe6f7dc","block_type":"box","text":"all.","page_number":5,"box":{"x":801,"y":173,"width":13,"height":6}},{"id":"8332fef7-7973-4792-9a71-758bfffa7d1a","block_type":"box","text":"The Fund may use derivatives, including for investment purposes, in order to reduce risk or cost and/or generate extra income or growth. For all other","page_number":5,"box":{"x":38,"y":186,"width":745,"height":8}},{"id":"449d36f6-6c3a-451f-821c-753dbbf62f0b","block_type":"box","text":"funds they will be used to","page_number":5,"box":{"x":787,"y":186,"width":126,"height":8}},{"id":"ac58ca0c-c74d-4953-b4b1-47274048f289","block_type":"box","text":"reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result i","page_number":5,"box":{"x":39,"y":195,"width":741,"height":8}},{"id":"f49584c2-e914-411d-b253-26fc7ca17ba5","block_type":"box","text":"n greater fluctuations of the","page_number":5,"box":{"x":782,"y":196,"width":141,"height":7}},{"id":"4bf0055d-d2be-4c1b-9038-513b996f3c59","block_type":"box","text":"Fund’s net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or cur","page_number":5,"box":{"x":39,"y":205,"width":702,"height":7}},{"id":"037dcf9f-0a9d-404b-90b4-669560eea089","block_type":"box","text":"rency) or a market index.","page_number":5,"box":{"x":742,"y":205,"width":123,"height":8}},{"id":"b3f5b9d2-2cfa-47b0-ba66-9348fd53e59e","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":5,"box":{"x":39,"y":219,"width":674,"height":8}},{"id":"aba2984c-9502-43c8-9a83-cb41d8ecc356","block_type":"box","text":"This page intentionally left blank","page_number":6,"box":{"x":197,"y":327,"width":527,"height":22}}],"unit":"per_mille","page_width":595,"page_height":842,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":6}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"db6bbe1d-7ed4-49f0-8f90-d2888023582b"},"user_id":1000002,"date_created":"2026-10-15T22:25:52.750000Z","date_modified":"2026-10-15T22:25:52.750000Z","private":false}