Vanguard Launches Vanguard Emerging Markets Bond Active ETF

VALLEY FORGE, PA (November 12, 2026)-Vanguard today announced the launch of Vanguard Emerging Markets Bond Active ETF (VEMB), an actively managed fixed income ETF designed to provide clients with broad exposure across emerging markets bonds while offering active management. The ETF is managed by Vanguard Fixed Income Group.

"Investors are increasingly seeking active approaches to emerging markets bonds, where the complexity and dispersion across markets can make disciplined security selection and risk management particularly valuable," said Sara Devereux, CIO, Vanguard Capital Management, Global Head of Vanguard Fixed Income Group. "With VEMB, investors gain access to Vanguard Fixed Income Group's deep emerging markets expertise through a flexible, low-cost ETF designed to help them capture opportunities across this dynamic segment of the market."

Vanguard Emerging Markets Bond Active ETF invests across emerging markets hard currency sovereign bonds, quasi-sovereign bonds, corporate bonds, and EM local currency bonds, serving investors seeking both exposure beyond core fixed income sectors and active investing in an ETF format. The ETF has an expense ratio of 0.35%, positioning it among the lowest-cost active products in the emerging markets bond category.

For more than 40 years, Vanguard's Fixed Income Group has distinguished itself with deep investment capabilities, disciplined security selection processes, and rigorous risk management techniques, resulting in consistent long-term performance. Vanguard Fixed Income Group is one of the world's largest managers of bond mutual funds and ETFs, overseeing the full spectrum of fixed income asset classes and sectors. The team oversees more than $2.9 trillion in global assets under management and has more than 200 investment professionals across the globe.¹

Vanguard has a strong track record as an investment manager-92% of Vanguard active taxable fixed income funds outperformed their Morningstar peer group medians over the past ten years as of September 30, 2026.²

Daniel Shaykevich and Mauro Favini serve as the portfolio managers responsible for day-to-day management of the fund, each with deep experience in emerging markets bond investing. The pair also manage the $5.7 billion Vanguard Emerging Markets Bond Fund (VEGBX/VEMBX).

1 All figures as of September 30, 2026, unless stated otherwise.

2 For the 10-year period ended September 30, 2026, 12 of 13 Vanguard active taxable bond funds outperformed their peer group median; results will vary for other time periods. Only funds with a minimum 10-year history were included, and when multiple share classes were present only the lowest cost was included in the comparison. (Source: Morningstar). Note that the competitive performance data shown represents past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website advisors.vanguard.com/investments/all.

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