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The","page_number":4,"box":{"x":756,"y":476,"width":175,"height":8}},{"id":"27cde1ce-4b0f-4d51-8cec-d072d092634e","block_type":"box","text":"information in this document is general in nature and does not constitute legal, tax, or investment advice. 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Investing in ETFs entails stockbroker commission and a bid- offer spread which should be consi","page_number":4,"box":{"x":39,"y":173,"width":751,"height":8}},{"id":"241c48d3-2538-450c-83b1-c0ae6ae06546","block_type":"box","text":"dered fully before","page_number":4,"box":{"x":792,"y":173,"width":87,"height":8}},{"id":"34d36723-8aa7-4f14-99a3-379a04856c6d","block_type":"box","text":"investing.","page_number":4,"box":{"x":39,"y":183,"width":46,"height":7}},{"id":"89c8a14d-c713-49d5-99a7-cb4f7753f132","block_type":"box","text":"The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":196,"width":744,"height":8}},{"id":"17d082c3-61c7-4850-8c7a-a3a8651b0a0f","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":196,"width":112,"height":8}},{"id":"bed3aa74-c142-4487-9ec7-13ad2b2fc83a","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":206,"width":706,"height":7}},{"id":"b3cac60a-ba19-4cca-b1a9-906cd87bbe6f","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":206,"width":167,"height":7}},{"id":"8c4f27c0-f881-44f2-a68b-8173d6b3d25f","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":215,"width":182,"height":8}},{"id":"1cf9cd21-7e06-4528-b1dc-f939cda0f6c5","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":229,"width":761,"height":8}},{"id":"2ec9d7c4-b915-49ff-89c1-99820b47f31d","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":230,"width":11,"height":5}},{"id":"a236bbf5-d3fe-4988-b187-6c86457cf9c4","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":242,"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":"cb1e316a-4dd9-4dd4-9d8f-1d6b3a6ce2fb"},"user_id":1000002,"date_created":"2026-10-15T22:27:15.853000Z","date_modified":"2026-10-15T22:27:15.853000Z","private":false}