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The level of income may fluctuate and movements in in","page_number":4,"box":{"x":39,"y":185,"width":751,"height":7}},{"id":"7b3bc629-f11f-4029-89ca-c2f1b675878a","block_type":"box","text":"terest rates are likely to","page_number":4,"box":{"x":792,"y":185,"width":118,"height":7}},{"id":"57a86d3c-99a0-44ab-aaed-2fcd896e3100","block_type":"box","text":"affect the capital value of bonds.","page_number":4,"box":{"x":39,"y":194,"width":164,"height":8}},{"id":"bee5d0f5-978a-4649-9410-5fc89ff4b470","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. 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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":4,"box":{"x":39,"y":227,"width":702,"height":7}},{"id":"8b83d68c-771e-4a26-9796-776f0dae6b39","block_type":"box","text":"rency) or a market index.","page_number":4,"box":{"x":742,"y":227,"width":123,"height":7}},{"id":"bc44d40d-c581-4bc9-8571-93aeef5845a7","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":"c6497a10-2705-4371-926e-47c2de95516a","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"a977fa32-8ea6-4094-aeae-36008b6e13f2","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":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":"c3bd21c9-ba0d-4690-af85-7bc05dffe2de"},"user_id":1000002,"date_created":"2026-10-15T22:26:00.630000Z","date_modified":"2026-10-15T22:26:00.630000Z","private":false}