Description

Vanguard Emerging Markets Bond Fund Institutional Plus CHF Hedged Accumulation is an actively managed mutual fund that aims to generate total return and a moderate level of income by investing primarily in bonds issued by entities in emerging market countries. The fund typically allocates at least 80% of its assets to fixed income securities economically tied to these emerging markets. These investments include sovereign debt securities from foreign governments or their agencies, as well as debt securities from foreign corporations and financial institutions. While the fund references the J.P. Morgan EMBI Global Diversified Index, its investment manager employs distinct strategies, focusing on fixed income securities across various maturities, yields, and qualities. The "CHF Hedged" aspect indicates that the fund's currency exposure for this share class is hedged back to Swiss Francs, though the underlying assets may be denominated in or hedged to the U.S. dollar, with some ability to hold local currency bonds unhedged.