# Vanguard USD Emerging Markets Government Bond UCITS ETF (VEMT) **Source:** https://fundology.uk/fund/vemt · ISIN IE00BZ163L38 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Vanguard), 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 01/10/2026, VEMT (Vanguard USD Emerging Markets Government Bond UCITS ETF, ISIN IE00BZ163L38) closed at £31.29 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 01/10/2026 its total return was −12.4%, or −31.5% after UK CPIH inflation. ## Summary Vanguard USD Emerging Markets Government Bond UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2016. 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 paid out to holders as cash, usually a few times a year. Latest close: **£31.29** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VEMT | | ISIN | IE00BZ163L38 | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg EM USD Sovereign + Quasi-Sov | | Income | Distributing | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £396m | | Launched | 2016 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) 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 | +1.96% | -1.24% | income reinvested | | 3 years | +2.61% | -7.40% | income reinvested | | 5 years | -12.40% | -31.52% | 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 0.25% a year, as of 02/10/2026: 28 of the 275 other government bond funds charge more, 14 the same and 233 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 (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard USD Emerging Markets Government Bond UCITS ETF (this fund) | 0.25% | +2.0% | +2.6% | -12.4% | | Vanguard USD Emerging Markets Government Bond UCITS ETF Accum Shs Unhedged USD | 0.25% | +2.5% | +16.4% | +9.8% | 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 ## What it holds As of 31/08/2026, VEMT holds 1,456 positions, according to the holdings Vanguard publishes. The largest is Argentine Republic Government International Bond 4.125% 09/07/2035 at 0.86% of the fund; the ten largest make up 5.2%. ### Top holdings Largest positions (as of 31/08/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Argentine Republic Government International Bond 4.125% 09/07/2035 | — | 0.86% | | 2 | Cash and cash equivalents | — | 0.84% | | 3 | Eagle Funding Luxco Sarl 5.50% 17/08/2030 | — | 0.68% | | 4 | Argentine Republic Government International Bond 5.00% 09/01/2038 | — | 0.50% | | 5 | Argentine Republic Government International Bond 0.75% 09/07/2030 | — | 0.49% | | 6 | Argentine Republic Government International Bond 3.50% 09/07/2041 | — | 0.41% | | 7 | Petroleos Mexicanos 7.69% 23/01/2050 | — | 0.41% | | 8 | Petroleos Mexicanos 6.70% 16/02/2032 | — | 0.37% | | 9 | Qatar Government International Bond 5.103% 23/04/2048 | — | 0.30% | | 10 | Qatar Government International Bond 4.817% 14/03/2049 | — | 0.29% | Source: Vanguard, holdings as published, as of 31/08/2026. ## 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 | 53.5% | | 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% | The 1,440 holdings on record (of 1,456 Vanguard reports): https://fundology.uk/fund/vemt/holdings ## Questions people ask **What is the ongoing charge of VEMT?** The ongoing charge of VEMT 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 0.25% a year, as of 02/10/2026: 28 of the 275 other government bond funds charge more, 14 the same and 233 less (share classes counted once). **What does VEMT track?** VEMT tracks the Bloomberg EM USD Sovereign + Quasi-Sov. **Is VEMT accumulating or distributing?** VEMT is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of VEMT?** The ISIN of VEMT is IE00BZ163L38. An ISIN identifies one exact share class of a fund; VEMT is its ticker on the London Stock Exchange. **What does VEMT hold?** As of 31/08/2026, VEMT holds 1,456 positions, according to the holdings Vanguard publishes. The largest is Argentine Republic Government International Bond 4.125% 09/07/2035 at 0.86% of the fund; the ten largest make up 5.2%. Its ten largest holdings are Argentine Republic Government International Bond 4.125% 09/07/2035 (0.86%), Cash and cash equivalents (0.84%), Eagle Funding Luxco Sarl 5.50% 17/08/2030 (0.68%), Argentine Republic Government International Bond 5.00% 09/01/2038 (0.50%), Argentine Republic Government International Bond 0.75% 09/07/2030 (0.49%), Argentine Republic Government International Bond 3.50% 09/07/2041 (0.41%), Petroleos Mexicanos 7.69% 23/01/2050 (0.41%), Petroleos Mexicanos 6.70% 16/02/2032 (0.37%), Qatar Government International Bond 5.103% 23/04/2048 (0.30%) and Qatar Government International Bond 4.817% 14/03/2049 (0.29%). **How has VEMT done after inflation?** Over the five years to 01/10/2026 VEMT’s total return was −12.4%, or −31.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.