Vanguard Emerging Markets Bond Fund
(VEMBIUA) Vanguard Emerging Markets Bond Fund - USD Acc
Related documents
About this fund
Fund objectives
- The Fund seeks to provide total return while generating a moderate level of income by investing primarily in bonds of issuers in emerging market countries.
- The Fund employs an “active management” strategy, and while the Fund will invest in components of the J.P. Morgan EMBI Global Diversified Index (the “Index”), its investment manager will follow distinct approaches in managing the Fund’s assets.
- The Fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the Fund will invest at least 80% of its assets in fixed income securities of issuers that are tied economically to emerging market countries. The Fund seeks to have a majority of its assets denominated in or hedged back to the U.S. dollar but has the ability to invest in bonds denominated in a local currency on an unhedged basis. Emerging market bonds include sovereign debt securities, which include fixed income securities that are issued or guaranteed by foreign governments or their agencies, authorities, political subdivisions or instrumentalities, or other supranational agencies, as well as debt securities issued or guaranteed by foreign corporations and foreign financial institutions.
- The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security selection and fixed income sector basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the Index may be restricted by constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of the Index. Such constraints may change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.
Fund facts
Share class inception
Dec 03 2019
Minimum initial investment
$100,000.00
Investment structure
Irish UCITS
Share class assets'
Total assets
Risk indicator
Strategy
Active
Asset class
Bond
Currency
USD
Index ticker
JPGCCOMP
Benchmark
J.P. Morgan EMBI Global Diversified Index
Dividend Schedule
—
Tax status
Austria, Italy, Switzerland and United Kingdom
Domicile
Ireland
Legal Entity
Vanguard Investment Series PLC
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Risk and Volatility
As at Sep 30 2026
Beta
R²
Alpha
Standard Deviation
Sharpe Ratio
Annualized Tracking Error
1 year
3 years
5 years
Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 284 | 968 | Sep 30 2026 |
| YTM (Yield to Maturity) effective | 7.1% | 7.0% | Sep 30 2026 |
| Medium coupon | 5.5% | 5.7% | Sep 30 2026 |
| Average maturity | 8.8 Years | 9.7 Years | Sep 30 2026 |
| Average Duration | 6.1 Years | 5.9 Years | Sep 30 2026 |
| Cash Investment | 4.4% | — | Sep 30 2026 |
Market allocation
As at Sep 30 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| Mexico | Emerging Markets | 8.34% | 5.08% | 3.26% |
| Turquía | Emerging Markets | 5.63% | 4.14% | 1.49% |
| Indonesia | Emerging Markets | 5.41% | 4.05% | 1.36% |
| Argentina | Emerging Markets | 4.94% | 2.62% | 2.32% |
| Other | Other | 4.37% | — | — |
| United States of America | North America | 4.33% | — | — |
| República Dominicana | Emerging Markets | 3.89% | 2.88% | 1.01% |
| Saudi Arabia | Emerging Markets | 3.43% | 5.18% | -1.75% |
| Sudáfrica | Emerging Markets | 3.19% | 2.78% | 0.41% |
| Egipto | Emerging Markets | 3.00% | 2.82% | 0.18% |
| Ecuador | Emerging Markets | 2.99% | 1.75% | 1.24% |
| Chile | Emerging Markets | 2.85% | 2.98% | -0.13% |
| Hungría | Emerging Markets | 2.72% | 2.82% | -0.10% |
| Ucrania | Emerging Markets | 2.67% | 1.82% | 0.85% |
| Panamá | Emerging Markets | 2.66% | 2.68% | -0.02% |
Distribution by credit quality (% of funds)
As at Sep 30 2026
| Credit Rating | Fund |
|---|---|
| AA | 4.45% |
| A | 5.92% |
| Less than BBB | 53.37% |
| BBB | 30.07% |
| Not Rated | 6.19% |
Distribution by credit issuer
As at Sep 30 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 6.86% |
| Gov-Related-Agencies | 13.15% |
| Gov-Related-Local Authority | 0.32% |
| Gov-Related-Sovereign | 72.78% |
| Corporate-Industrials | 1.62% |
| Corporate-Utilities | 0.55% |
| Cash | 4.37% |
| Other | 0.34% |
Distribution by credit maturity
As at Sep 30 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 7.70% |
| 1 - 5 Years | 25.77% |
| 5 - 10 Years | 44.97% |
| 10 - 15 Years | 6.46% |
| 15 - 20 Years | 0.97% |
| 20 - 25 Years | 4.64% |
| Over 25 Years | 9.48% |
Top 10 Holdings
As at Sep 30 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| Ukraine Government International Bond | 1.63270% | $48,278,113.77 | 61,862,000 | 4.00% | Feb 01 2032 |
| Petroleos Mexicanos | 1.59793% | $47,250,123.98 | 45,181,572 | 8.75% | Jun 02 2029 |
| Indonesia Government International Bond | 1.54333% | $45,635,393.47 | 43,170,000 | 3.75% | Oct 16 2033 |
| Panama Government International Bond | 1.49556% | $44,223,121.79 | 55,213,000 | 2.25% | Sep 29 2032 |
| United States Treasury Note/Bond | 1.46645% | $43,362,275.70 | 52,013,600 | 1.38% | Nov 15 2031 |
| Argentine Republic Government International Bond | 1.46229% | $43,239,336.98 | 51,148,316.81 | 0.75% | Jul 09 2030 |
| Turkiye Government International Bond | 1.39064% | $41,120,626.98 | 44,060,000 | 6.30% | Mar 14 2033 |
| Argentine Republic Government International Bond | 1.26297% | $37,345,359.43 | 50,130,818 | 5.00% | Jan 09 2038 |
| Republic of Kenya Government International Bond | 1.26052% | $37,272,836.74 | 39,500,000 | 7.88% | Feb 26 2034 |
| Ecuador Government International Bond | 1.12712% | $33,328,291.26 | 39,431,500.01 | 0.00% | Jul 31 2030 |
Prices and distribution
Prices
NAV Price (USD)
$144.48
USDChange
+$0.380.27% As at Oct 22 2026
NAV 52-week high
$149.59
As at Oct 23 2026
NAV 52-week low
$141.13
As at Oct 23 2026
NAV 52-week difference
$8.46
Change
+5.66% As at Oct 23 2026
Outstanding shares
3,302,843
As at Sep 30 2026
Historical Prices
-
Inception date
Dec 03 2019
| Date | NAV (USD) |
|---|---|
| Oct 22 2026 | $144.4817 |
| Oct 21 2026 | $144.0997 |
| Oct 20 2026 | $143.8264 |
| Oct 19 2026 | $143.9420 |
| Oct 16 2026 | $144.5906 |
| Oct 15 2026 | $145.3772 |
| Oct 14 2026 | $143.9960 |
| Oct 13 2026 | $144.0411 |
| Oct 12 2026 | $143.7366 |
| Oct 09 2026 | $144.3479 |
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency:USD
Fund codes
- Bloomberg:VEMBIUA
- CUSIP:G934L9852
- ISIN:IE00BKLWXM74
- MEX ID:VIAAJD
- SEDOL:BKLWXM7