# Vanguard FTSE Emerging Markets UCITS ETF (VFEM) **Page:** https://fundology.uk/fund/vfem · ISIN IE00B3VVMM84 ## 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 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. ## Summary 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. Latest close: **£58.32** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VFEM | | ISIN | IE00B3VVMM84 | | Also listed as | VDEM (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Vanguard | | Tracks | FTSE Emerging Index | | Income | Distributing | | Ongoing charge | 0.17% a year (£17 per £10,000) | | Fund size | £2.6bn | | Launched | 2012 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/05/2012 | ## Income and distributions > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 14/11/2026, the latest distribution of VFEM was US$0.583535 per share: it went ex-dividend on 17/09/2026 and was paid on 30/09/2026. In the 12 months to 14/11/2026 VFEM declared 4 distributions, together US$1.744224 per share. VFEM has a distribution yield of 2.27% as at 31/10/2026. Latest distributions of VFEM per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 17/09/2026 | 30/09/2026 | US$0.583535 | | 18/06/2026 | 01/07/2026 | US$0.570958 | | 19/03/2026 | 01/04/2026 | US$0.262448 | | 18/12/2025 | 31/12/2025 | US$0.327283 | | 18/09/2025 | 01/10/2025 | US$0.530639 | | 19/06/2025 | 02/07/2025 | US$0.580253 | | 20/03/2025 | 02/04/2025 | US$0.317443 | | 12/12/2024 | 27/12/2024 | 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 27/06/2012. ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +5.51% | +1.77% | income reinvested | | 3 years | +48.58% | +34.23% | income reinvested | | 5 years | +30.91% | +2.18% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | -7.2% | -15.0% | Income reinvested | | 2023 | +1.5% | -2.6% | Income reinvested | | 2024 | +15.2% | +11.3% | Income reinvested | | 2025 | +18.3% | +14.2% | Income reinvested | | 2026 to 13/11/2026 | +3.5% | +0.2% | Partly income reinvested | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 14.32% | -9.04% | | 3 years | 13.74% | -11.91% | | 5 years | 14.51% | -18.85% | ## Largest fall 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). ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard FTSE Emerging Markets UCITS ETF (this fund) | 0.17% | +5.5% | +48.6% | +30.9% | | Vanguard FTSE Emerging Markets UCITS ETF AccumUSD | 0.17% | +5.5% | +48.6% | +31.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.17%** per year (as of 14/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 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%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 17.43% | | 2 | Tencent | [700](https://fundology.uk/stock/700) | 3.01% | | 3 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.31% | | 4 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.74% | | 5 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.17% | | 6 | Cash and cash equivalents | — | 1.15% | | 7 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.91% | | 8 | Industrial and Commercial Bank of China | [601398](https://fundology.uk/stock/601398) | 0.86% | | 9 | Petroleo Brasileiro | [PETR3](https://fundology.uk/stock/PETR3) | 0.84% | | 10 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.82% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector Added up from the fund’s published holdings, as of 31/10/2026. | Sector | Weight | |---|---| | Information Technology | 32.6% | | Financials | 21.3% | | Consumer Discretionary | 9.0% | | Materials | 7.0% | | Communication Services | 6.7% | | Industrials | 6.2% | | Energy | 4.3% | | Consumer Staples | 3.5% | | Other sectors | 7.8% | | Not classified | 1.2% | ### By country Added up from the fund’s published holdings, as of 31/10/2026. | Country | Weight | |---|---| | Taiwan | 33.9% | | Hong Kong | 20.3% | | India | 15.8% | | China | 4.6% | | Brazil | 4.1% | | South Africa | 3.7% | | Saudi Arabia | 3.1% | | Mexico | 2.3% | | Other countries | 10.4% | | Not classified | 1.1% | ### By type of asset Added up from the fund’s published holdings, as of 31/10/2026. | Type of asset | Weight | |---|---| | Equity | 98.3% | | Cash and money market | 1.1% | The 1,295 holdings on record (of 2,365 reported): https://fundology.uk/fund/vfem/holdings ## 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. ## Fund documents - [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/equity/9507/ftse-emerging-markets-ucits-etf-usd-distributing) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00b3vvmm84-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/FTSE_Emerging_Markets_UCITS_ETF_USD_Distributing_9507_EU_INT_UK_EN.pdf) - Links checked 12/10/2026. --- 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.