# Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD (VEMA)

**Source:** https://fundology.uk/fund/vema · ISIN IE00BGYWCB81 · 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, 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.

## Summary

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.

Latest close: **£46.35** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VEMA |
| ISIN | IE00BGYWCB81 |
| Category | Government bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg EM USD Sovereign + Quasi-Sov |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £520m |
| Launched | 2019 |
| 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 | +2.43% | -0.79% | income reinvested |
| 3 years | +17.03% | +5.60% | income reinvested |
| 5 years | +11.14% | -13.12% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

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).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard USD Emerging Markets Government Bond UCITS ETF | 0.25% | +1.8% | +3.1% | -11.4% |
| Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD (this fund) | 0.25% | +2.4% | +17.0% | +11.1% |

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 |
|---|---|
| Mexico Government International Bond | 5.12% |
| Saudi Government International Bond | 4.69% |
| Turkiye Government International Bond | 3.93% |
| Indonesia Government International Bond | 2.91% |
| Brazilian Government International Bond | 2.59% |
| Argentine Republic Government International Bond | 2.42% |
| Petroleos Mexicanos | 2.37% |
| Philippine Government International Bond | 2.24% |
| Abu Dhabi Government International Bond | 2.16% |
| Qatar Government International Bond | 2.02% |

## 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 country

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Country | Weight |
|---|---|
| Mexico | 8.2% |
| Cayman Islands | 7.4% |
| United Arab Emirates | 6.6% |
| Saudi Arabia | 6.2% |
| Indonesia | 5.4% |
| Turkey | 5.3% |
| South Korea | 3.3% |
| Argentina | 3.2% |
| Other countries | 53.7% |
| Not classified | 0.8% |

### By type of asset

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.4% |
| Cash and money market | 0.8% |

All 334 holdings: https://fundology.uk/fund/vema/holdings

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.