Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX)

Fund Assets	153.78B
Expense Ratio	0.136%
Min. Investment	$3,000
Turnover	6.00%
Dividend (ttm)	0.99
Dividend Yield	2.07%
Dividend Growth	-20.91%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 18, 2026

Previous Close	46.84
YTD Return	7.13%
1-Year Return	6.53%
5-Year Return	29.68%
52-Week Low	43.49
52-Week High	50.88
Beta (5Y)	0.84
Holdings	5096
Inception Date	Jun 23, 2006

About VEMAX

This investment vehicle provides shareholders with an economical avenue for gaining exposure to the equity markets of developing nations. While stocks from emerging economies often display greater price fluctuations compared to those in established countries, this heightened volatility offers the potential for superior long-term capital appreciation. However, it also introduces inherent risks, including exchange rate instability and geopolitical uncertainties. Consequently, it is best suited for patient investors with a higher risk tolerance who aim to broaden their global portfolio's reach. Regarding 75% of its total holdings, the fund operates under specific concentration limits. It is generally prohibited from acquiring more than 10% of the voting shares of any single company, nor can it allocate over 5% of its entire asset base to the securities of a lone issuer. An exception to these rules applies if such investments are necessary to accurately replicate the composition of its benchmark index. These restrictions do not, however, extend to obligations issued by the U.S. government or its associated entities.

• Fund Family: Vanguard
• Category: Diversified Emerging Mkts
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VEMAX
• Share Class: Admiral Shares
• Index: FTSE EM All Cap China A Inc NT (US RIC) TR

Performance

VEMAX had a total return of 6.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.89%.

Equivalent ETF

VEMAX has an equivalent ETF with the ticker symbol VWO, the Vanguard FTSE Emerging Markets ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.06% compared to 0.136% for VEMAX.

Symbol	Name	Expense Ratio
VWO	Vanguard FTSE Emerging Markets ETF	0.06%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VEMRX	Institutional Plus Shares	0.05%
VEMIX	Institutional Shares	0.06%
VEIEX	Investor Shares	0.29%

Top 10 Holdings

29.80% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	15.75%
Slcmt1142	n/a	2.96%
Tencent Holdings Limited	0700	2.82%
Alibaba Group Holding Limited	9988	2.11%
MediaTek Inc.	2454	1.88%
Mktliq 12/31/2049	n/a	0.95%
Delta Electronics, Inc.	2308	0.95%
China Construction Bank Corporation	0939	0.91%
Hon Hai Precision Industry Co., Ltd.	2317	0.79%
HDFC Bank Limited	HDFCBANK	0.70%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 18, 2026	$0.0859	Sep 21, 2026
Jun 18, 2026	$0.0502	Jun 22, 2026
Dec 19, 2025	$0.8518	Dec 22, 2025
Sep 19, 2025	$0.2261	Sep 22, 2025
Jun 20, 2025	$0.1095	Jun 23, 2025
Mar 21, 2025	$0.0333	Mar 24, 2025

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Nov 12, 2026

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