VGAVX

About VGAVX

Vanguard Emerging Markets Government Bond Index Fund Admiral Shares is a bond mutual fund designed to track the performance of the Bloomberg USD Emerging Markets Government RIC Capped Index. The fund primarily invests in U.S. dollar-denominated bonds issued by governments and government-related entities in emerging market countries, offering access to sovereign debt from a diverse set of developing economies. Employing an indexing investment approach, the fund uses a sampling method to closely replicate its benchmark, with at least 80% of assets typically allocated to securities included in the index. Notable for its broad diversification, the fund holds several hundred positions, spanning a wide range of geographic regions and issuers. With a focus on U.S. dollar-denominated instruments, currency risk is minimized relative to local-currency emerging market debt. The fund distributes income to shareholders on a monthly basis and is characterized by a relatively low expense ratio, making it cost-effective for investors seeking exposure to the emerging markets fixed income sector. It plays a significant role in portfolios looking to balance risk and return through international bond diversification and access to the debt markets of developing nations.