# Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD (V3MB) **Source:** https://fundology.uk/fund/v3mb · ISIN IE000KPJJWM6 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, V3MB (Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD, ISIN IE000KPJJWM6) closed at £7.18 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the three years to 30/09/2026 its total return was +34.6%, or +21.5% 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 0.25% a year — about £25 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: **£7.18** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | V3MB | | ISIN | IE000KPJJWM6 | | Category | Emerging markets | | Type | ETF | | Provider | Vanguard | | Tracks | FTSE Emerging All Cap Choice index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £67.4m | | Launched | 2022 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +18.69% | +14.96% | income reinvested | | 3 years | +34.60% | +21.46% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 +13.7%, 2025 +15.8%; 2026 to 30/09/2026 +16.8%. 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: +19.3%; to 30/09/2025: +14.4%; to 30/09/2024: +15.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +2.3% | -1.8% | Price | | 2024 | +13.7% | +9.8% | Price | | 2025 | +15.8% | +11.8% | Price | | 2026 to 30/09/2026 | +16.8% | +13.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 15.33% | -8.65% | | 3 years | 13.63% | -12.36% | ## Largest fall Volatility of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD in pounds, annualised from weekly returns to 30/09/2026: 15.3% over 1 year, 13.6% 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 30/09/2026 the price of Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD was 1.5% 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 0.25% a year, as of 01/10/2026: 89 of the 140 other emerging-market share funds charge more, 8 the same and 43 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 0.24% to 0.25% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard ESG Emerging Markets All Cap UCITS ETF Accum USD (this fund) | 0.25% | +18.7% | +34.6% | — | | Vanguard ESG Emerging Markets All Cap UCITS ETF USD | 0.24% | +18.7% | +34.6% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 31/08/2026): | Holding | Weight | |---|---| | TSMC | 18.31% | | Alibaba Group | 2.74% | | MediaTek | 1.81% | | Cash and cash equivalents | 1.36% | | Delta Electronics | 1.11% | | China Construction Bank | 1.09% | | Hon Hai Precision Industry | 0.95% | | HDFC Bank | 0.84% | | Industrial & Commercial Bank of China | 0.83% | | ICICI Bank | 0.81% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings Vanguard publishes, as of 31/08/2026. | Sector | Weight | |---|---| | Information Technology | 37.0% | | Financials | 23.7% | | Consumer Discretionary | 10.5% | | Materials | 6.0% | | Industrials | 5.5% | | Health Care | 4.5% | | Communication Services | 3.5% | | Consumer Staples | 3.3% | | Other sectors | 3.3% | | Not classified | 1.4% | ### By country Added up from the holdings Vanguard publishes, as of 31/08/2026. | Country | Weight | |---|---| | Taiwan | 38.1% | | Hong Kong | 17.4% | | India | 13.4% | | China | 5.6% | | South Africa | 3.9% | | Saudi Arabia | 2.9% | | Brazil | 2.5% | | Mexico | 2.0% | | Other countries | 11.5% | | Not classified | 1.4% | ### By type of asset Added up from the holdings Vanguard publishes, as of 31/08/2026. | Type of asset | Weight | |---|---| | Equity | 97.4% | | Cash and money market | 1.4% | All 1,712 holdings: https://fundology.uk/fund/v3mb/holdings --- 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.