Symbols

VWOB

Vanguard Emerging Markets Government Bond ETF·NASDAQ

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Key Stats

Assets Under Management

6.03BUSD

Fund Flows (1Y)

Dividend Yield

5.85%

Discount/Premium to NAV

Shares Outstanding

Expense Ratio

0.15%

About Vanguard Emerging Markets Government Bond ETF

Issuer

Vanguard

Brand

Vanguard

Home Page

https://investor.vanguard.com/investment-products/etfs/profile/vwob

Inception Date

May 31, 2013

Structure

Open-Ended Fund

Index Tracked

Bloomberg USD Emerging Markets Government RIC Capped Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

The Vanguard Group, Inc.

Distributor

Vanguard Marketing Corp.

VWOB limits its scope to USD-denominated emerging market debt. As a result, investors avoid (for better or worse) any direct impact from currency volatilities. The avoidance of locally-denominated issues limits the impact of currency volatilities on portfolio returns, though FX costs will still be an issue. Note that dollar-denominated debt doesn't imply a superior credit quality: Emerging market locally-denominated issues tend to carry higher credit ratings than USD-denominated debt. The fund also skews toward the longer end of the yield curve, resulting in longer maturity and higher sensitivity to changes in interest rates.