Vanguard USD Emerging Markets Government Bond ETF

The Vanguard USD Emerging Markets Government Bond ETF is an exchange-traded fund focused on providing exposure to US dollar-denominated sovereign and quasi-sovereign bonds issued by emerging market governments and public institutions. This ETF aims to mirror the performance of a broad benchmark index that includes bonds of varying maturities from a diverse range of emerging economies, with notable allocations to countries such as Saudi Arabia, Mexico, the United Arab Emirates, China, and Indonesia. The fund employs a physical replication strategy, purchasing a representative sample of bonds to closely track its index, and is structured as an accumulating ETF, meaning that income generated from interest payments is reinvested into the fund rather than distributed to investors. With assets under management in the hundreds of millions of euros and a highly diversified portfolio—typically holding over a thousand individual securities—this ETF enables investors to access the fixed income markets of multiple emerging countries within a single instrument. Its low total expense ratio and broad regional exposure make it a significant vehicle for gaining diversified, currency-unhedged emerging market bond exposure in the context of global fixed income strategies.