Valley Forge, Pennsylvania, November 12, 2026 / PRNewswire / -- Vanguard Group today announced the launch of the Vanguard Emerging Markets Bonds Active Fund ETF ( Vanguard Emerging Markets Bond Active ETF, VEMB ). This is an actively managed fixed-income fund ETF designed to provide active management while broadly allocating to emerging market bonds for clients. This fund ETF is managed by Vanguard's Fixed Income team Vanguard Fixed Income Group.

Sara Devereux, the Chief Investment Officer of Vanguard Capital Management and the Global Head of Vanguard's Fixed Income Team, stated: "Investors are increasingly seeking actively managed strategies for emerging market bonds, as the complexity and differentiation between different markets make rigorous securities screening and risk management particularly valuable. With the help of VEMB, investors can leverage the deep expertise of Vanguard's Fixed Income Team in emerging markets through a flexible and low-cost ETF to seize opportunities in this dynamic segment of the market."

The active management ETF fund for emerging market bonds covers hard currency sovereign bonds, quasi-sovereign bonds, corporate bonds, and local currency bonds from emerging markets. It is aimed at investors who wish to diversify their portfolios beyond the core fixed-income sector and pursue active investment through the ETF approach. With a management fee of 0.35%, this ETF fund ranks among the lowest-cost active management products in the emerging market bond category.

Vanguard indicates that for over 40 years, the company's fixed-income team has consistently achieved long-term performance thanks to its profound investment capabilities, rigorous securities screening processes, and strict risk management methods. Vanguard's fixed-income team is one of the largest managers of bond mutual funds and ETF in the world, covering a complete range of fixed-income asset categories and sectors. The team manages assets worth over $2.9 trillion globally and employs more than 200 investment professionals worldwide.Mandatory requirements:

Pioneer claims that its performance record as an investment manager is solid – as of September 30, 2026, over the past 10 years, 92% of Pioneer’s active taxable fixed-income funds outperformed the median of Morningstar’s similar fund groups.2

Daniel Shaykevich and Mauro Favini serve as the portfolio managers of this fund, responsible for its daily management. Both individuals possess extensive experience in emerging market bond investments. They also jointly manage the $5.7 billion Vanguard Emerging Markets Bond Fund ( Vanguard Emerging Markets Bond Fund , VEGBX / VEMBX ).

Mandatory requirements: Unless otherwise specified, all data is as of September 30, 2026.

2 Over the 10-year period ending September 30, 2026, 12 out of 13 Pioneer active taxable bond funds outperformed the median of their respective fund categories; results may vary for other time periods. Only funds with a history of at least 10 years are included; if there are multiple share classes, only the class with the lowest cost is considered in the comparison. Please note that the displayed competitive performance data represents past performance and does not guarantee future results, and all investments carry risk. For the latest performance, please visit their websites: advisors.vanguard.com / investments / all.

About Pioneer Group

Vanguard Group was founded in 1975 and is one of the world's leading investment management companies. The company provides investment, advisory, and retirement services to tens of millions of individual investors around the globe through direct services, workplace programs, and financial intermediary channels. Vanguard adopts a unique "owner-owned by investors" structure: the holders of Vanguard funds own those funds, which in turn own Vanguard Group. Therefore, Vanguard adheres to a simple mission: to speak up for all investors, treat them fairly, and give them the best opportunities to achieve investment success. For more information, please visit vanguard.com.

For more information about Pioneer Fund and Pioneer ETF, please visit vanguard.com to obtain the prospectus, or a simplified prospectus if available. Investment objectives, risks, fees, expenses, and other important information are all contained within the prospectus. Please read it carefully and consider them thoroughly before making any investments.

Vanguard ETF shares cannot be redeemed directly from the issuing fund, unless the redemption amount is extremely large, reaching several million dollars. Instead, investors must buy and sell Vanguard ETF shares on the secondary market and hold these shares through a brokerage account. In this process, investors may incur brokerage commissions, and the price paid at the time of purchase may be higher than the net asset value, while the price received at the time of sale may be lower than the net asset value.

Vanguard Emerging Markets Bonds Active ETF is an independent product, separate and distinct from the mutual fund product Vanguard Emerging Markets Bonds Fund. These products are independent of each other. Differences in scale, investment strategy, certain investment processes, and underlying holdings are expected to result in different investment returns for these products.

All investments carry risks, including the potential loss of the principal amount invested.

Bond funds face interest rate risk, which means that rising interest rates can lead to a decline in the overall price of bonds; they also face credit risk, as bond issuers may not be able to pay interest and principal on time, or a negative market view of the issuer's solvency could result in a decrease in the bond price.

Investing in bonds issued by non-U.S. companies carries risks including country/regional risk and exchange rate risk. Investments in emerging markets generally face higher risks and volatility than investments in developed markets.

High-yield bonds typically have a credit rating in the medium or lower range, therefore their credit risk is usually higher than that of bonds with higher credit quality ratings.

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