VCGEX Performance — Emerging Economies Fund
Data updated: 2026-09-28
VCGEX returned +27.49% year to date and +54.12% over one year to May 2026. Annualised returns are +26.43% over 3 years and +7.42% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $202, against $186 for the category, and to $154 over one year, against $149. Volatility over the past three years was 16.31% a year. In the 12 months to May 2026 the fund lost a net $106.2M, and assets reached $948.93M.
VCGEX Growth of $100
What $100 invested in Emerging Economies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | VCGEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $154 | $149 |
| 3 years (Jun 2023 – May 2026) | $202 | $186 |
| 5 years (Jun 2021 – May 2026) | $143 | $145 |
| Since data start (Sep 2019 – May 2026) | $208 | $202 |
VCGEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +27.49% |
| 1 year | +54.12% |
| 3 years (annualised) | +26.43% |
| 5 years (annualised) | +7.42% |
VCGEX Annual Returns
Calendar-year total returns of Emerging Economies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +27.49% |
| 2025 | +30.13% |
| 2024 | +11.40% |
| 2023 | +12.13% |
| 2022 | −25.37% |
| 2021 | +1.19% |
| 2020 | +15.48% |
| 2019 (Sep–Dec) | +15.31% |
VCGEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.5% | +5.3% | −10.8% | +13.4% | +9.3% | — | — | — | — | — | — | — |
| 2025 | +0.9% | +0.5% | +1.3% | +0.5% | +4.3% | +5.8% | +1.9% | +1.7% | +5.9% | +3.9% | −2.3% | +2.6% |
| 2024 | −2.7% | +6.2% | +2.3% | +0.7% | +1.0% | +3.6% | +0.2% | +1.7% | +6.2% | −4.4% | −2.7% | −0.5% |
| 2023 | +9.1% | −6.4% | +3.3% | −0.4% | −2.4% | +5.6% | +5.5% | −6.4% | −2.0% | −3.3% | +6.6% | +3.7% |
| 2022 | −0.8% | −6.7% | −2.0% | −7.1% | +2.5% | −9.0% | −0.6% | −1.7% | −11.5% | −0.9% | +14.8% | −3.7% |
| 2021 | +3.3% | +3.1% | −0.4% | +2.9% | +0.3% | +0.8% | −5.4% | +3.0% | −5.7% | +1.6% | −5.3% | +3.8% |
| 2020 | −5.6% | −4.4% | −16.0% | +7.8% | +2.3% | +5.7% | +9.8% | +1.1% | −0.4% | +2.7% | +8.2% | +6.5% |
| 2019 | — | — | — | — | — | — | — | — | +3.0% | +3.6% | +0.5% | +7.5% |
VCGEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.31%
- 3-year Sharpe ratio: 1.34 (vs 4.5% risk-free rate)
- Best month: +13.42% (Apr 2026)
- Worst month: −10.79% (Mar 2026)
VCGEX Fund Flows
Monthly money in and out of Emerging Economies Fund, from SEC Form N-PORT.
- 12-month net flow: −$106.2M
- 12-month gross sales (incl. reinvestments): $146.4M
- Sales ÷ redemptions: 0.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $251K | $20.7M | −$20.5M |
| Apr 2026 | $10.6M | $21.1M | −$10.5M |
| Mar 2026 | $18.7M | $50.4M | −$31.7M |
| Feb 2026 | $11.5M | $18.2M | −$6.7M |
| Jan 2026 | $338K | $28.9M | −$28.5M |
| Dec 2025 | $9.0M | $23.4M | −$14.4M |
| Nov 2025 | $1.3M | $19.1M | −$17.7M |
| Oct 2025 | $4.9M | $20.3M | −$15.4M |
| Sep 2025 | $1.4M | $16.2M | −$14.8M |
| Aug 2025 | $14.9M | $10.1M | $4.7M |
| Jul 2025 | $31.5M | $17.5M | $14.0M |
| Jun 2025 | $42.0M | $6.7M | $35.4M |
VCGEX Assets Under Management
Net assets of Emerging Economies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $948.93M |
| 2026-02-28 | $941.43M |
| 2025-11-30 | $841.92M |
| 2025-08-31 | $827.54M |
| 2025-05-31 | $705.40M |
| 2025-02-28 | $713.05M |
| 2024-11-30 | $760.92M |
| 2024-08-31 | $762.68M |
| 2024-05-31 | $644.50M |
| 2024-02-29 | $660.43M |
| 2023-11-30 | $673.16M |
| 2023-08-31 | $734.09M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.