Fund info

Vanguard Emerging Markets Bond Fund Investor Shares is an actively managed mutual fund specializing in emerging markets fixed income. It primarily seeks to provide a total return while generating a moderate level of current income. The fund invests at least 80% of its assets in bonds issued by governments and corporations that are economically tied to emerging market countries. A significant portion of these securities is denominated in or hedged back to the U.S. dollar, providing some mitigation of currency risk, though the fund also has flexibility to hold local-currency bonds when attractive opportunities arise. Managed by a team of experienced professionals with a strong focus on risk management, the fund uses a relative value-driven approach, stressing disciplined country and security selection. Its strategy typically favors hard-currency sovereign debt, complemented by smaller allocations to local-currency, corporate, and quasi-sovereign bonds. The fund has demonstrated resilience during periods of market volatility and is structured as non-diversified, allowing for concentrated positions where conviction is high. It holds a prominent role as a source of emerging market debt exposure for investors seeking income and diversification within the fixed income space.