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The use of derivatives could increase or reduce","page_number":4,"box":{"x":38,"y":207,"width":744,"height":8}},{"id":"1b83a783-50db-44ae-b8d4-ab4a97768035","block_type":"box","text":"exposure to underlying","page_number":4,"box":{"x":785,"y":208,"width":112,"height":7}},{"id":"aa645aef-e37b-483f-96cb-4ea657ca01cb","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":217,"width":706,"height":8}},{"id":"0758f068-1443-4592-ace9-ed77f1a5778f","block_type":"box","text":"a financial asset (such as a share,","page_number":4,"box":{"x":748,"y":217,"width":167,"height":7}},{"id":"5e0367da-db9d-4cc8-99a0-cca98b4e7dc3","block_type":"box","text":"bond, or currency) or a market index.","page_number":4,"box":{"x":39,"y":227,"width":182,"height":7}},{"id":"1e83d9cc-2650-4ae0-a334-82c94e5479a4","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":"30bd038f-f3a0-4e9b-a8e3-56a6c62672a3","block_type":"box","text":"ts.","page_number":4,"box":{"x":802,"y":241,"width":11,"height":5}},{"id":"8f048846-8ad4-4396-8255-6b4ad247df0a","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":673,"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":"3ff0a8a7-fb0d-41f9-891c-d500bc8f660e"},"user_id":1000002,"date_created":"2026-10-15T22:21:56.035000Z","date_modified":"2026-10-15T22:21:56.035000Z","private":false}