ETF · Vanguard
VFEM Vanguard FTSE Emerging Markets UCITS ETF
ISIN IE00B3VVMM84London Stock Exchange: VFEMThe Vanguard Group, Inc.
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£58.32
on
- Ongoing charge
- 0.17% a year
- Fund size
- £2.6bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, VFEM (Vanguard FTSE Emerging Markets UCITS ETF, ISIN IE00B3VVMM84) closed at £58.32 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the five years to 13/11/2026 its total return was +30.9%, or +2.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +5.5%
- +1.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +48.6%
- +34.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +30.9%
- +2.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,309 on 13/11/2026 — about £1,022 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Vanguard FTSE Emerging Markets UCITS ETF in pounds (income reinvested to 10/07/2026, price only after): 2022 −7.2%, 2023 +1.5%, 2024 +15.2%, 2025 +18.3%; 2026 to 13/11/2026 +3.5%. Returns of Vanguard FTSE Emerging Markets UCITS ETF in pounds (income reinvested to 10/07/2026, price only after) over the 12 months to 30/09/2026: +11.3%; to 30/09/2025: +17.1%; to 30/09/2024: +16.8%; to 30/09/2023: −1.6%; to 30/09/2022: −6.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +3.5% | +0.2% | |
| to | +18.3% | +14.2% | |
| to | +15.2% | +11.3% | |
| +1.5% | −2.6% | ||
| −7.2% | −15.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +11.3% | +7.3% |
| from | +17.1% | +12.6% |
| from | +16.8% | +13.8% |
| from | −1.6% | −7.5% |
| from | −6.4% | −14.0% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
14.5%over 5 years
| 1 year | 14.3% |
|---|---|
| 3 years | 13.7% |
| 5 years | 14.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −17.2%
- From to
- Lowest 12-month return
- −14.3%
- 12 months to
- Highest 12-month return
- +36.4%
- 12 months to
- Below its highest weekly close since November 2021
- 6.9%
- High of , latest
In words: Volatility of Vanguard FTSE Emerging Markets UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.3% over 1 year, 13.7% over 3 years, 14.5% over 5 years. Largest fall of Vanguard FTSE Emerging Markets UCITS ETF since November 2021, in pounds (income reinvested to 10/07/2026, price only after): −17.2% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Vanguard FTSE Emerging Markets UCITS ETF in pounds (income reinvested to 10/07/2026, price only after) since July 2021 was −14.3% (12 months to 28/10/2022); the highest was +36.4% (12 months to 17/04/2026). On 13/11/2026 the price of Vanguard FTSE Emerging Markets UCITS ETF was 6.9% below its highest weekly close since November 2021 (19/06/2026), in pounds (income reinvested to 10/07/2026, price only after).
As of , income reinvested to 10/07/2026, price only after — income paid out since then is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.17%
- a year
- On £10,000
- £17
- a year, roughly
- Over five years
- £85
- of £10,000, before growth
- 14 charge less
- 1 the same
- 136 charge more
Ongoing charge of Vanguard FTSE Emerging Markets UCITS ETF 0.17% a year. Compared on 14/11/2026, 136 of the 151 other emerging-market share funds charge more, 1 the same and 14 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Vanguard FTSE Emerging Markets UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2012.
It tracks the FTSE Emerging Index — 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 0.17% a year — about £17 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.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- VFEM
- ISIN
- IE00B3VVMM84
- Also listed as
- VDEM (London Stock Exchange, US dollars)
- Provider
- Vanguard
- Tracks
- FTSE Emerging Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.17% a year · about £17 on £10,000
- Fund size
- £2.6bn
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Income and distributions
As of , the latest distribution of VFEM was US$0.583535 per share: it went ex-dividend on and was paid on . In the 12 months to VFEM declared 4 distributions, together US$1.744224 per share. VFEM has a distribution yield of 2.27% as at .
- Latest distribution
- US$0.583535
- per share, ex-dividend
- 12 months to
- US$1.744224
- per share, from 4 distributions
- Distribution yield
- 2.27%
- as at
| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| US$0.583535 | ||
| US$0.570958 | ||
| US$0.262448 | ||
| US$0.327283 | ||
| US$0.530639 | ||
| US$0.580253 | ||
| US$0.317443 | ||
| US$0.165704 |
VFEM declares its distributions in US dollars; what reaches an account in pounds depends on the exchange rate the platform uses.
Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 58 distributions are on record since .
As of
Price chart
Over the last year, the closing price went from £57.45 on 14/11/2025 to £58.32 on 13/11/2026 (+1.5%). The lowest close shown was £54.85 on 27/03/2026 and the highest £62.77 on 19/06/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with 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
- Holdings
- 1,295
- 2,365 reported in all
- Ten largest
- 30.2%
- of the whole fund
- Effective number of holdings
- 28
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 17.4%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Information TechnologyTaiwan | 17.43% |
| 2 | Tencent700Communication ServicesHong Kong | 3.01% |
| 3 | Alibaba GroupBABAConsumer DiscretionaryHong Kong | 2.31% |
| 4 | MediaTek2454Information TechnologyTaiwan | 1.74% |
| 5 | China Construction Bank601939FinancialsHong Kong | 1.17% |
| 6 | Cash and cash equivalents | 1.15% |
| 7 | Hon Hai Precision Industry2317Information TechnologyTaiwan | 0.91% |
| 8 | Industrial and Commercial Bank of China601398FinancialsHong Kong | 0.86% |
| 9 | Petroleo BrasileiroPETR3EnergyBrazil | 0.84% |
| 10 | HDFC BankHDFCBANKFinancialsIndia | 0.82% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology32.6%
- Financials21.3%
- Consumer Discretionary9.0%
- Materials7.0%
- Communication Services6.7%
- Industrials6.2%
- Energy4.3%
- Consumer Staples3.5%
- Other sectors7.8%
- Not classified1.2%
By country
- Taiwan33.9%
- Hong Kong20.3%
- India15.8%
- China4.6%
- Brazil4.1%
- South Africa3.7%
- Saudi Arabia3.1%
- Mexico2.3%
- Other countries10.4%
- Not classified1.1%
By type of asset
- Equity98.3%
- Cash and money market1.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 2,365 holdings; the ten largest make up 30.2% 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.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track FTSE Emerging Index, this one included and share classes counted once; their ongoing charges range from 0.17% to 0.17% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard FTSE Emerging Markets UCITS ETFThis fundDistributing · 0.17% a year | 0.17% | +5.5% | +48.6% | +30.9% |
| Vanguard FTSE Emerging Markets UCITS ETF AccumUSDAccumulating · 0.17% a year | 0.17% | +5.5% | +48.6% | +31.0% |
As of
FTSE Emerging funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 228 rolling 12-month returns since July 2021, and of 124 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of VFEM?
The ongoing charge of VFEM is 0.17% a year — about £17 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 FTSE Emerging Markets UCITS ETF 0.17% a year. Compared on 14/11/2026, 136 of the 151 other emerging-market share funds charge more, 1 the same and 14 less (share classes counted once).
What does VFEM track?
VFEM tracks the FTSE Emerging Index — companies in emerging economies such as China, India, Taiwan and Brazil.
Is VFEM accumulating or distributing?
VFEM is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
When does VFEM pay dividends?
VFEM pays its income out quarterly. In the 12 months to 14/11/2026 it went ex-dividend on 18/12/2025, 19/03/2026, 18/06/2026 and 17/09/2026. The latest distribution went ex-dividend on 17/09/2026 and was paid on 30/09/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.
What is VFEM’s dividend yield?
VFEM has a distribution yield of 2.27% as at 31/10/2026. In UK fund terms, a distribution yield is the income expected to be paid over the next 12 months as a percentage of the price on that date — an estimate, not a promise. Yields change with the fund’s price and income; a yield describes the fund, not what any investor will receive.
What is the ISIN of VFEM?
The ISIN of VFEM is IE00B3VVMM84. An ISIN identifies one exact share class of a fund; VFEM is its ticker on the London Stock Exchange. The same share class is also listed as VDEM (London Stock Exchange, US dollars).
What does VFEM hold?
As of 31/10/2026, VFEM holds 2,365 positions, according to its published holdings. The largest is TSMC at 17.43% of the fund; the ten largest make up 30.2%. Its ten largest holdings are TSMC (17.43%), Tencent (3.01%), Alibaba Group (2.31%), MediaTek (1.74%), China Construction Bank (1.17%), Cash and cash equivalents (1.15%), Hon Hai Precision Industry (0.91%), Industrial and Commercial Bank of China (0.86%), Petroleo Brasileiro (0.84%) and HDFC Bank (0.82%).
What were VFEM’s returns in each of the last five years?
Calendar-year returns of VFEM in pounds (income reinvested to 10/07/2026, price only after): 2022 −7.2%, 2023 +1.5%, 2024 +15.2%, 2025 +18.3%; 2026 to 13/11/2026 +3.5%. Past performance is not a guide to future returns.
How has VFEM done after inflation?
Over the five years to 13/11/2026 VFEM’s total return was +30.9%, or +2.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £9.9bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
Fund documents and methods
- Fund documents
- Fund page at Vanguard · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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