# Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD (V3MB) **Page:** https://fundology.uk/fund/v3mb · ISIN IE000KPJJWM6 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, V3MB (Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD, ISIN IE000KPJJWM6) closed at £6.76 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the three years to 13/11/2026 its price changed by +48.0%, or +33.8% after UK CPIH inflation. ## Summary Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD is an exchange-traded fund (ETF) from Vanguard, launched in 2022. It tracks the FTSE Emerging All Cap Choice index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£6.76** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | V3MB | | ISIN | IE000KPJJWM6 | | Also listed as | V3MA (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Vanguard | | Tracks | FTSE Emerging All Cap Choice index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £89.3m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/10/2022 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +8.51% | +4.67% | income reinvested | | 3 years | +48.05% | +33.76% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2023 +2.3%, 2024 +14.1%, 2025 +17.3%; 2026 to 13/11/2026 +8.0%. Returns of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.3%; to 30/09/2025: +17.3%; to 30/09/2024: +15.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +2.3% | -1.8% | Price | | 2024 | +14.1% | +10.2% | Price | | 2025 | +17.3% | +13.3% | Price | | 2026 to 13/11/2026 | +8.0% | +4.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 15.72% | -9.71% | | 3 years | 13.82% | -12.36% | ## Largest fall Volatility of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 15.7% over 1 year, 13.8% over 3 years. Largest fall in the price of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD since October 2022, in pounds: −12.4% from 21/02/2025 to 11/04/2025. The lowest 12-month return of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since October 2022 was −7.0% (12 months to 02/02/2024); the highest was +39.7% (12 months to 17/04/2026). On 13/11/2026 the price of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD was 7.3% below its highest weekly close since October 2022 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD 0.19% a year. Compared on 14/11/2026, 115 of the 151 other emerging-market share funds charge more, 8 the same and 28 less (share classes counted once). ## Funds tracking the same index 2 funds track FTSE Emerging All Cap Choice index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.19% to 0.19% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD (this fund) | 0.19% | +8.5% | — | — | | Vanguard ESG Emerging Markets All Cap UCITS ETF USD | 0.19% | +8.5% | +28.9% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year (as of 14/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 31/10/2026, V3MB holds 3,836 positions, according to its published holdings. The largest is TSMC at 18.68% of the fund; the ten largest make up 31.0%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 18.68% | | 2 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.48% | | 3 | Cash and cash equivalents | — | 2.32% | | 4 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.86% | | 5 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.25% | | 6 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.97% | | 7 | Industrial and Commercial Bank of China | [601398](https://fundology.uk/stock/601398) | 0.92% | | 8 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.88% | | 9 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 0.83% | | 10 | ICICI Bank | [ICICIBANK](https://fundology.uk/stock/ICICIBANK) | 0.83% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector Added up from the fund’s published holdings, as of 31/10/2026. | Sector | Weight | |---|---| | Information Technology | 36.5% | | Financials | 23.5% | | Consumer Discretionary | 9.9% | | Materials | 5.3% | | Industrials | 5.2% | | Health Care | 4.5% | | Communication Services | 3.6% | | Consumer Staples | 3.3% | | Other sectors | 3.3% | | Not classified | 2.4% | ### By country Added up from the fund’s published holdings, as of 31/10/2026. | Country | Weight | |---|---| | Taiwan | 38.8% | | Hong Kong | 16.8% | | India | 13.6% | | China | 4.9% | | South Africa | 3.6% | | Saudi Arabia | 2.7% | | Brazil | 2.4% | | Mexico | 2.0% | | Other countries | 10.3% | | Not classified | 2.3% | ### By type of asset Added up from the fund’s published holdings, as of 31/10/2026. | Type of asset | Weight | |---|---| | Equity | 95.1% | | Cash and money market | 2.3% | The 1,607 holdings on record (of 3,836 reported): https://fundology.uk/fund/v3mb/holdings ## Questions people ask **What is the ongoing charge of V3MB?** The ongoing charge of V3MB is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD 0.19% a year. Compared on 14/11/2026, 115 of the 151 other emerging-market share funds charge more, 8 the same and 28 less (share classes counted once). **What does V3MB track?** V3MB tracks the FTSE Emerging All Cap Choice index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. **Is V3MB accumulating or distributing?** V3MB is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of V3MB?** The ISIN of V3MB is IE000KPJJWM6. An ISIN identifies one exact share class of a fund; V3MB is its ticker on the London Stock Exchange. The same share class is also listed as V3MA (London Stock Exchange, US dollars). **What does V3MB hold?** As of 31/10/2026, V3MB holds 3,836 positions, according to its published holdings. The largest is TSMC at 18.68% of the fund; the ten largest make up 31.0%. Its ten largest holdings are TSMC (18.68%), Alibaba Group (2.48%), Cash and cash equivalents (2.32%), MediaTek (1.86%), China Construction Bank (1.25%), Hon Hai Precision Industry (0.97%), Industrial and Commercial Bank of China (0.92%), HDFC Bank (0.88%), Delta Electronics (0.83%) and ICICI Bank (0.83%). **What were V3MB’s returns in each of the last five years?** Calendar-year returns of V3MB in pounds (price, with income reinvested in the fund): 2023 +2.3%, 2024 +14.1%, 2025 +17.3%; 2026 to 13/11/2026 +8.0%. Past performance is not a guide to future returns. **How has V3MB done after inflation?** Over the three years to 13/11/2026 V3MB’s price changed by +48.0%, or +33.8% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/equity/E038/esg-emerging-markets-all-cap-ucits-etf-usd-accumulating) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie000kpjjwm6-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/ESG_Emerging_Markets_All_Cap_UCITS_ETF_USD_Accumulating_E038_EU_INT_UK_EN.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.