VMMSX Performance — Vanguard Emerging Markets Select Stock Fund, Investor Shares
Data updated: 2026-09-28
VMMSX returned +14.54% year to date and +32.17% over one year to Jul 2026. Annualised returns are +16.61% over 3 years and +7.32% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $159, against $164 for the category, and to $132 over one year, against $134. Volatility over the past three years was 14.57% a year. In the 12 months to Jul 2026 the fund took in a net $100.2M, and assets reached $1.22B.
VMMSX Growth of $100
What $100 invested in Vanguard Emerging Markets Select Stock 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 | VMMSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $159 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $142 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $186 | $188 |
VMMSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.54% |
| 1 year | +32.17% |
| 3 years (annualised) | +16.61% |
| 5 years (annualised) | +7.32% |
VMMSX Annual Returns
Calendar-year total returns of Vanguard Emerging Markets Select Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.54% |
| 2025 | +35.66% |
| 2024 | +5.88% |
| 2023 | +10.58% |
| 2022 | −18.15% |
| 2021 | −1.27% |
| 2020 | +15.80% |
| 2019 (Aug–Dec) | +9.30% |
VMMSX 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 | +9.7% | +4.4% | −9.5% | +9.5% | +3.3% | −1.5% | −0.9% | — | — | — | — | — |
| 2025 | +2.7% | +0.9% | +1.7% | −0.4% | +4.2% | +6.1% | +1.3% | +3.7% | +6.4% | +2.6% | −0.2% | +2.2% |
| 2024 | −4.3% | +3.5% | +3.2% | +1.3% | +1.6% | +1.0% | −0.3% | +2.1% | +6.9% | −4.2% | −2.4% | −2.1% |
| 2023 | +9.8% | −6.9% | +2.9% | −0.5% | −2.5% | +5.6% | +6.5% | −6.6% | −2.7% | −3.7% | +6.2% | +3.8% |
| 2022 | +1.4% | −5.6% | −3.1% | −6.7% | +1.4% | −6.1% | −1.0% | 0.0% | −10.1% | −2.7% | +17.0% | −1.9% |
| 2021 | +3.0% | +2.5% | −0.2% | +2.1% | +2.0% | +0.2% | −6.1% | +1.8% | −4.3% | +1.7% | −5.2% | +1.8% |
| 2020 | −6.1% | −4.7% | −20.2% | +9.4% | +3.2% | +7.8% | +8.6% | +1.5% | −2.0% | +2.3% | +11.8% | +7.9% |
| 2019 | — | — | — | — | — | — | — | −4.4% | +2.0% | +3.9% | +0.7% | +7.1% |
VMMSX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.57%
- 3-year Sharpe ratio: 0.83 (vs 4.5% risk-free rate)
- Best month: +9.73% (Jan 2026)
- Worst month: −9.52% (Mar 2026)
VMMSX Fund Flows
Monthly money in and out of Vanguard Emerging Markets Select Stock Fund, from SEC Form N-PORT.
- 12-month net flow: $100.2M
- 12-month gross sales (incl. reinvestments): $416.2M
- Sales ÷ redemptions: 1.32×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $16.7M | $25.0M | −$8.3M |
| Jun 2026 | $24.7M | $18.7M | $6.0M |
| May 2026 | $30.3M | $40.9M | −$10.6M |
| Apr 2026 | $22.9M | $40.0M | −$17.1M |
| Mar 2026 | $22.8M | $44.4M | −$21.6M |
| Feb 2026 | $58.7M | $21.1M | $37.6M |
| Jan 2026 | $58.4M | $39.3M | $19.1M |
| Dec 2025 | $65.3M | $15.4M | $49.9M |
| Nov 2025 | $27.7M | $17.6M | $10.1M |
| Oct 2025 | $52.8M | $30.0M | $22.8M |
| Sep 2025 | $17.4M | $15.2M | $2.2M |
| Aug 2025 | $18.6M | $8.4M | $10.2M |
VMMSX Assets Under Management
Net assets of Vanguard Emerging Markets Select Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.22B |
| 2026-04-30 | $1.22B |
| 2026-01-31 | $1.19B |
| 2025-10-31 | $1.01B |
| 2025-07-31 | $857.32M |
| 2025-04-30 | $770.54M |
| 2025-01-31 | $761.76M |
| 2024-10-31 | $792.91M |
| 2024-07-31 | $778.23M |
| 2024-04-30 | $767.42M |
| 2024-01-31 | $719.89M |
| 2023-10-31 | $708.62M |
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.