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    • Global Emerging Markets Fund - GBP Acc (VAGEMGA)

    Available in other share classes
    Related Documents
    NAV Price ()
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    Number of stocks
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    Risk Indicator
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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
    —
    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

    -

    Temporarily unavailable

    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)
    £296.72
    Change
    +£0.390.13%
    At closure 31 Mar 2026
    NAV 52-week high
    £333.53
    At closure 01 Apr 2026
    NAV 52-week low
    £204.24
    At closure 01 Apr 2026
    NAV 52-week difference
    £129.29
    Change
    +38.76%
    At closure 01 Apr 2026
    Historical Prices

    -

    Inception date

    25 May 2016

    Date NAV (GBP)
    31 Mar 2026 £296.7154
    30 Mar 2026 £296.3243
    27 Mar 2026 £299.2074
    26 Mar 2026 £300.2608
    25 Mar 2026 £305.6270
    24 Mar 2026 £300.6232
    23 Mar 2026 £295.6119
    20 Mar 2026 £302.5634
    19 Mar 2026 £304.7405
    18 Mar 2026 £313.9961

    Distribution history

    Distribution frequency

    —

    Historical performance 28 Feb 2026

    1.90%

    All dividends are reinvested for the "Accumulation" shares.

    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: VAGEMGA
    • Citi: N02B
    • ISIN: GB00BZ82ZY13
    • MEX ID: VVXAF
    • SEDOL: BZ82ZY1

    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®.