ETF · Vanguard
VEMA Vanguard USD Emerging Markets Government Bond UCITS ETF
ISIN IE00BGYWCB81London Stock Exchange: VEMAThe Vanguard Group, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- Currency hedged
Latest close
LSE£46.35
on
- Ongoing charge
- 0.25% a year
- Fund size
- £520m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, VEMA (Vanguard USD Emerging Markets Government Bond UCITS ETF, ISIN IE00BGYWCB81) closed at £46.35 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 30/09/2026 its total return was +11.1%, or −13.1% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +2.4%
- −0.8% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +17.0%
- +5.6% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +11.1%
- −13.1% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,111 on 30/09/2026 — about £869 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Charges compared with similar funds
- Ongoing charge
- 0.25%
- a year
- On £10,000
- £25
- a year, roughly
- Over five years
- £124
- of £10,000, before growth
- 232 charge less
- 14 the same
- 28 charge more
Ongoing charge of Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD 0.25% a year, as of 01/10/2026: 28 of the 274 other government bond funds charge more, 14 the same and 232 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD is an exchange-traded fund (ETF) from Vanguard, launched in 2019.
It tracks the Bloomberg EM USD Sovereign + Quasi-Sov.
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.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- VEMA
- ISIN
- IE00BGYWCB81
- Provider
- Vanguard
- Tracks
- Bloomberg EM USD Sovereign + Quasi-Sov
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.25% a year · about £25 on £10,000
- Fund size
- £520m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Since 18/09/2026, the closing price went from £47.00 on 18/09/2026 to £46.35 on 30/09/2026 (−1.4%). The lowest close shown was £46.35 on 30/09/2026 and the highest £47.00 on 18/09/2026.
Chart: closing prices we have recorded since 18/09/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
3 weekly closes, from 18/09/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Mexico Government International Bond | 5.12% |
| 2 | Saudi Government International Bond | 4.69% |
| 3 | Turkiye Government International Bond | 3.93% |
| 4 | Indonesia Government International Bond | 2.91% |
| 5 | Brazilian Government International Bond | 2.59% |
| 6 | Argentine Republic Government International Bond | 2.42% |
| 7 | Petroleos Mexicanos | 2.37% |
| 8 | Philippine Government International Bond | 2.24% |
| 9 | Abu Dhabi Government International Bond | 2.16% |
| 10 | Qatar Government International Bond | 2.02% |
Source: Vanguard, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By country
- Mexico8.2%
- Cayman Islands7.4%
- United Arab Emirates6.6%
- Saudi Arabia6.2%
- Indonesia5.4%
- Turkey5.3%
- South Korea3.3%
- Argentina3.2%
- Other countries53.7%
- Not classified0.8%
By type of asset
- Bonds99.4%
- Cash and money market0.8%
334 holdings are listed for this fund. All 334 holdings of VEMA, with the full split by sector, country and type of asset.
All holdings
The fund publishes 334 holdings; the ten largest make up 30.4% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. The source classifies 1.5% of it by sector; bonds, cash and positions it cannot match are left out rather than guessed.
- Finance1.2%
- Utilities0.2%
- Energy Minerals0.0%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Bloomberg EM USD Sovereign + Quasi-Sov, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.25% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Vanguard USD Emerging Markets Government Bond UCITS ETFDistributing · 0.25% a year | +1.8% | −11.4% |
| Vanguard USD Emerging Markets Government Bond UCITS ETFThis fundAccumulating · Currency hedged · 0.25% a year | +2.4% | +11.1% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Questions people ask
What is the ongoing charge of VEMA?
The ongoing charge of VEMA 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. Platform and dealing fees are charged separately. Ongoing charge of Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD 0.25% a year, as of 01/10/2026: 28 of the 274 other government bond funds charge more, 14 the same and 232 less (share classes counted once).
What does VEMA track?
VEMA tracks the Bloomberg EM USD Sovereign + Quasi-Sov.
Is VEMA accumulating or distributing?
VEMA 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 VEMA?
The ISIN of VEMA is IE00BGYWCB81. An ISIN identifies one exact share class of a fund; VEMA is its ticker on the London Stock Exchange.
How has VEMA done after inflation?
Over the five years to 30/09/2026 VEMA’s total return was +11.1%, or −13.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Vanguard, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.