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    • Global Emerging Markets Fund - GBP Inc (VAGEMGI)

    Available in other share classes
    Related Documents
    NAV Price ()
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    About this fund

    Fund objectives

    • The Fund seeks to provide an increase in the value of investments over the long-term (more than 5 years).
    • The Fund seeks to achieve its investment objective by investing primarily in shares of companies located in emerging markets around the world. Under normal circumstances, at least 80% of the Fund's assets will be invested in shares of such companies. A company is considered to be located in an emerging market country if it is organised under the laws of, or has a principal office in, an emerging country; if it has a class of securities whose principal securities market is in an emerging country; if it derives 50% or more of its total revenue from goods produced, sales made, or services provided in one or more emerging countries; or if it maintains 50% or more of its assets in one or more emerging countries.
    • The Fund is actively managed and uses a multi-manager structure with two investment advisers separately managing part of the Fund's assets. Each investment adviser uses their expertise to pick investments to achieve the Fund's objective.
    • The Investment Adviser has discretion to determine which countries are regarded as emerging markets, although those classified by the International Monetary Fund (IMF) as emerging or developing economies will typically be included, together with other countries having similar characteristics. Emerging markets are countries that are progressing toward becoming advanced, usually shown by some development in financial markets, the existence of some form of stock exchange and a regulatory body.
    • The Fund typically invests in a diverse range of companies representing different economic sectors and industry groups across the spectrum of large, mid and small cap value securities, chosen mainly on the basis of an investment approach that focuses on analysing individual shares rather than stock markets. The Fund's holdings will comprise a mix of investments in companies whose earnings are expected to grow faster than their peers in the market (known as 'growth stocks') and those that are considered to have been undervalued by the market (known as 'value stocks') selected from the world's emerging markets.
    • The Fund may also have exposure to bonds and other fixed income securities, other collective investment schemes (which themselves invest in securities which are consistent with the Fund's objective), money market instruments (i.e. investments usually issued by banks or governments that are a short term loan to the issuer by the buyer), deposits, and warrants (which provide the holder with the right, but not the obligation, to purchase a share at a fixed price or amount at a fixed time in the future).
    • The Fund attempts to remain fully invested and hold small amounts of cash except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses.
    • The FTSE Emerging Index (the “Index”) serves as a reference benchmark for performance comparison. Whilst the Fund may hold investments that are components of the Index, the Index is not considered during portfolio construction and the investment adviser will not manage the extent to which the Fund's investments differ from the Index.

    Fund facts

    Share class inception
    25 May 2016
    Minimum initial investment
    £100,000.00
    Investment structure
    UK OEIC
    Share Class Assets'
    Total Assets
    Strategy
    Active
    Asset Class
    Equity
    Domicile
    United Kingdom
    Dividend schedule
    Annually
    Tax status
    —
    Currency
    GBP
    Legal entity
    Vanguard® Investments Funds ICVC
    Investment manager

    Baillie Gifford Overseas Ltd.
    Pzena Investment Management, LLC

    Benchmark
    FTSE Emerging Index

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Performance

    Risk and Volatility

    As at 28 Feb 2026

    Beta
    R²
    Annualized Tracking Error
    1 year
    3 years
    5 years

    Please note Beta and R-squared data will only display for funds with 3 full years of history.

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Portfolio data

    Characteristics
    FundamentalsFundBenchmarkAs at
    Number of stocks 138 2,270 28 Feb 2026
    Median market capital 26.1 B 30.8 B 28 Feb 2026
    15.0 x 16.9 x 28 Feb 2026
    2.0 x 2.6 x 28 Feb 2026
    16.0% 16.5% 28 Feb 2026
    15.3% 16.6% 28 Feb 2026
    Portfolio turnover rate 31.4% — 31 Jan 2026

    Market allocation

    As at 28 Feb 2026

    CountryRegionFundBenchmarkVariance +/-
    ChinaEmerging Markets 22.80% 30.09% -7.29%
    South KoreaPacific 16.59% 0.00% 16.59%
    TaiwanEmerging Markets 12.27% 26.12% -13.85%
    BrazilEmerging Markets 11.43% 4.83% 6.60%
    United States of AmericaNorth America 7.19% 0.00% 7.19%
    IndiaEmerging Markets 6.44% 16.88% -10.44%
    Hong KongPacific 4.79% 0.00% 4.79%
    ThailandEmerging Markets 2.80% 1.66% 1.14%
    HungaryEmerging Markets 2.30% 0.40% 1.90%
    CanadaNorth America 2.02% 0.00% 2.02%
    South AfricaEmerging Markets 1.48% 4.68% -3.20%
    IndonesiaEmerging Markets 1.48% 1.12% 0.36%
    MexicoEmerging Markets 1.46% 2.47% -1.01%
    OtherOther 1.32% 0.00% 1.32%
    SingaporePacific 1.10% 0.00% 1.10%

    Holdings details

    As at 31 Dec 2025

    Holding name% of market valueSectorRegionMarket valueShares
    Taiwan Semiconductor Manufacturing Co Ltd 6.67460% Technology TW £32,514,176.56 886,528
    Samsung Electronics Co Ltd 4.93937% Telecommunications KR £24,061,295.66 388,836
    Tencent Holdings Ltd 4.26004% Technology HK £20,752,056.67 362,700
    Alibaba Group Holding Ltd 2.69636% Consumer Discretionary HK £13,134,847.22 962,964
    SK hynix Inc 2.50572% Technology KR £12,206,179.33 36,330
    B3 SA - Brasil Bolsa Balcao 1.57222% Financials BR £7,658,815.34 4,064,044
    MercadoLibre Inc 1.57152% Consumer Discretionary US £7,655,403.21 5,112
    Credicorp Ltd 1.55717% Financials US £7,585,482.28 35,550
    Bank Rakyat Indonesia Persero Tbk PT 1.40919% Financials ID £6,864,628.28 42,066,859
    Baidu Inc 1.38890% Technology HK £6,765,800.44 538,650

    Total allocation percentages shown in the holdings details or the spreadsheet may not equal 100%, due to rounding or omission of cash and/or derivative instruments.

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Weighted equity exposures exclude any temporary cash investments and equity index derivatives.

    Prices and distribution

    Prices

    NAV Price (GBP)
    £249.64
    Change
    +£0.890.36%
    At closure 16 Mar 2026
    NAV 52-week high
    £271.33
    At closure 16 Mar 2026
    NAV 52-week low
    £169.92
    At closure 16 Mar 2026
    NAV 52-week difference
    £101.41
    Change
    +37.38%
    At closure 16 Mar 2026
    Historical Prices

    -

    Inception date

    25 May 2016

    Date NAV (GBP)
    16 Mar 2026 £249.6359
    13 Mar 2026 £248.7412
    12 Mar 2026 £251.2998
    11 Mar 2026 £255.2189
    10 Mar 2026 £252.1628
    09 Mar 2026 £245.2783
    06 Mar 2026 £251.2052
    05 Mar 2026 £253.0443
    04 Mar 2026 £250.2666
    03 Mar 2026 £257.6140

    Distribution history

    Distribution frequency

    Annually

    Historical performance 28 Feb 2026

    1.94%

    TypeDistribution amount (per unit)Ex-dividend dateRegistration datePayable date
    Income £5.2559 03 Nov 2025 31 Oct 2025 31 Dec 2025
    Income £5.0239 01 Nov 2024 31 Oct 2024 31 Dec 2024
    Income £5.1830 01 Nov 2023 31 Oct 2023 29 Dec 2023
    Income £6.6292 01 Nov 2022 31 Oct 2022 30 Dec 2022
    Income £3.1947 01 Nov 2021 29 Oct 2021 31 Dec 2021
    Income £2.3706 02 Nov 2020 30 Oct 2020 31 Dec 2020
    Income £3.0913 01 Nov 2019 31 Oct 2019 31 Dec 2019
    Income £2.7185 01 Nov 2018 31 Oct 2018 31 Dec 2018
    Income £2.0423 01 Nov 2017 31 Oct 2017 29 Dec 2017
    Income £1.1674 01 Nov 2016 31 Oct 2016 30 Dec 2016

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Purchase information

    Currency

    Base currency: GBP

    Fund codes

    • Bloomberg: VAGEMGI
    • Citi: N02A
    • ISIN: GB00BZ82ZX06
    • MEX ID: VVXAE
    • SEDOL: BZ82ZX0

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC. SEDOL data was extracted from the London Stock Exchange SEDOL Masterfile®.