diff --git a/go.mod b/go.mod
index f65b6337..1e048574 100644
--- a/go.mod
+++ b/go.mod
@@ -13,7 +13,7 @@ require (
 	github.com/atc0005/go-nagios v0.19.0
 	github.com/google/go-cmp v0.6.0
 	github.com/rs/zerolog v1.33.0
-	github.com/vmware/govmomi v0.46.2
+	github.com/vmware/govmomi v0.46.3
 )
 
 require (
diff --git a/go.sum b/go.sum
index de0de63a..c9348a33 100644
--- a/go.sum
+++ b/go.sum
@@ -22,8 +22,8 @@ github.com/rs/zerolog v1.33.0 h1:1cU2KZkvPxNyfgEmhHAz/1A9Bz+llsdYzklWFzgp0r8=
 github.com/rs/zerolog v1.33.0/go.mod h1:/7mN4D5sKwJLZQ2b/znpjC3/GQWY/xaDXUM0kKWRHss=
 github.com/stretchr/testify v1.10.0 h1:Xv5erBjTwe/5IxqUQTdXv5kgmIvbHo3QQyRwhJsOfJA=
 github.com/stretchr/testify v1.10.0/go.mod h1:r2ic/lqez/lEtzL7wO/rwa5dbSLXVDPFyf8C91i36aY=
-github.com/vmware/govmomi v0.46.2 h1:gZTIcKSr4sVcDB803FUv0r4lhOgE5Y5WQCNW75dPlls=
-github.com/vmware/govmomi v0.46.2/go.mod h1:uoLVU9zlXC4p4GmLVG+ZJmBC0Gn3Q7mytOJvi39OhxA=
+github.com/vmware/govmomi v0.46.3 h1:zBn42Rl0WZBFhGao8Dy0MFRkbE4YNPqOu0OBd+ww6VM=
+github.com/vmware/govmomi v0.46.3/go.mod h1:uoLVU9zlXC4p4GmLVG+ZJmBC0Gn3Q7mytOJvi39OhxA=
 golang.org/x/sys v0.0.0-20220811171246-fbc7d0a398ab/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
 golang.org/x/sys v0.6.0/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
 golang.org/x/sys v0.12.0/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
diff --git a/vendor/github.com/vmware/govmomi/internal/version/version.go b/vendor/github.com/vmware/govmomi/internal/version/version.go
index e59a459a..fe355ec2 100644
--- a/vendor/github.com/vmware/govmomi/internal/version/version.go
+++ b/vendor/github.com/vmware/govmomi/internal/version/version.go
@@ -21,5 +21,5 @@ const (
 	ClientName = "govmomi"
 
 	// ClientVersion is the version of this SDK
-	ClientVersion = "0.46.2"
+	ClientVersion = "0.46.3"
 )
diff --git a/vendor/github.com/vmware/govmomi/property/collector.go b/vendor/github.com/vmware/govmomi/property/collector.go
index 9ee78d0d..244796df 100644
--- a/vendor/github.com/vmware/govmomi/property/collector.go
+++ b/vendor/github.com/vmware/govmomi/property/collector.go
@@ -264,9 +264,12 @@ func (p *Collector) RetrieveOne(ctx context.Context, obj types.ManagedObjectRefe
 
 // WaitForUpdatesEx waits for any of the specified properties of the specified
 // managed object to change. It calls the specified function for every update it
-// receives. If this function returns false, it continues waiting for
+// receives an update - including the empty filter set, which can occur if no
+// objects are eligible for updates.
+//
+// If this function returns false, it continues waiting for
 // subsequent updates. If this function returns true, it stops waiting and
-// returns.
+// returns upon receiving the first non-empty filter set.
 //
 // If the Context is canceled, a call to CancelWaitForUpdates() is made and its
 // error value is returned.
@@ -313,6 +316,12 @@ func (p *Collector) WaitForUpdatesEx(
 			opts.Truncated = *set.Truncated
 		}
 
+		if len(set.FilterSet) == 0 {
+			// Trigger callbacks in case callers need to be notified
+			// of the empty filter set.
+			_ = onUpdatesFn(make([]types.ObjectUpdate, 0))
+		}
+
 		for _, fs := range set.FilterSet {
 			if opts.PropagateMissing {
 				for i := range fs.ObjectSet {
diff --git a/vendor/github.com/vmware/govmomi/vim25/mo/type_info.go b/vendor/github.com/vmware/govmomi/vim25/mo/type_info.go
index bb2d2e4a..cfe5e0af 100644
--- a/vendor/github.com/vmware/govmomi/vim25/mo/type_info.go
+++ b/vendor/github.com/vmware/govmomi/vim25/mo/type_info.go
@@ -341,8 +341,10 @@ func IsManagedObjectType(kind string) bool {
 func Value(ref types.ManagedObjectReference) (Reference, bool) {
 	if rt, ok := t[ref.Type]; ok {
 		val := reflect.New(rt)
-		val.Interface().(Entity).Entity().Self = ref
-		return val.Elem().Interface().(Reference), true
+		if e, ok := val.Interface().(Entity); ok {
+			e.Entity().Self = ref
+			return val.Elem().Interface().(Reference), true
+		}
 	}
 	return nil, false
 }
diff --git a/vendor/github.com/vmware/govmomi/vim25/xml/marshal.go b/vendor/github.com/vmware/govmomi/vim25/xml/marshal.go
index c0c0a588..2efdb7a4 100644
--- a/vendor/github.com/vmware/govmomi/vim25/xml/marshal.go
+++ b/vendor/github.com/vmware/govmomi/vim25/xml/marshal.go
@@ -497,11 +497,6 @@ func (p *printer) marshalValue(val reflect.Value, finfo *fieldInfo, startTemplat
 		start.Name.Local = name
 	}
 
-	// Add type attribute if necessary
-	if finfo != nil && finfo.flags&fTypeAttr != 0 {
-		start.Attr = append(start.Attr, Attr{xmlSchemaInstance, typeToString(typ)})
-	}
-
 	// Attributes
 	for i := range tinfo.fields {
 		finfo := &tinfo.fields[i]
@@ -524,6 +519,11 @@ func (p *printer) marshalValue(val reflect.Value, finfo *fieldInfo, startTemplat
 		}
 	}
 
+	// Add type attribute if necessary
+	if finfo != nil && finfo.flags&fTypeAttr != 0 {
+		start.Attr = append(start.Attr, Attr{xmlSchemaInstance, typeToString(typ)})
+	}
+
 	if err := p.writeStart(&start); err != nil {
 		return err
 	}
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 606922a2..c1d563fd 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -20,7 +20,7 @@ github.com/rs/zerolog
 github.com/rs/zerolog/internal/cbor
 github.com/rs/zerolog/internal/json
 github.com/rs/zerolog/log
-# github.com/vmware/govmomi v0.46.2
+# github.com/vmware/govmomi v0.46.3
 ## explicit; go 1.22
 github.com/vmware/govmomi
 github.com/vmware/govmomi/fault