Emerging Markets Local Currency Bond Active UCITS ETF

Emerging Markets Local Currency Bond Active UCITS ETF

About

Emerging Markets Local Currency Bond Active UCITS ETF (IE0008EMOWT3) is a UCITS-compliant bond ETF tracking the J.P. Morgan GBI-EM Global Diversified (Total Return Gross). With a TER of 0.45%, its costs are on the higher end for an ETF, reinvesting dividends. The fund holds 92 positions across 15 regions with 138M in assets, with heavy concentration — 54% in government bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 2, 2026
Component Score Details
Overall 5.5 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 7.7 Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio (TER): 2.4
Diversification (45%) 3.8 Holding Count: 3.9 · Country Concentration: 5.1 · Sector Concentration: 1.0
Liquidity (25%) 5.8 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

ISIN
Fund Size $137.7M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Mar 2025
Base Currency USD
Index J.P. Morgan GBI-EM Global Diversified (Total Return Gross)
Asset Class Bonds
Category Emerging Market Bond

Costs

7.7
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
 
Metric Value
TER 0.45%

Holdings

3.9
With only 92 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
C
Cash and Cash Equivalent
23.88%
#2
I
India Government Bond
4.03%
#3
M
Malaysia Government Bond
3.90%
#4
R
Republic of Poland Government Bond
3.52%
#5
B
Brazil Notas Do Tesouro Nacional Serie
3.17%
#6
B
Brazil Notas Do Tesouro Nacional Serie
3.00%
#7
I
Indonesia Treasury Bond
2.76%
#8
M
Mexican Bonos
2.53%
#9
M
Mexican Bonos
2.32%
#10
R
Republik Südafrika Staatsanleihe
2.21%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.
 
Sector Weight
Unknown 8043.00%
Government Bonds 5427.00%

Regions

5.1
This fund invests across 16 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
UNKNOWN 3268.00%
Mexico 1179.00%
India 777.00%
Indonesia 722.00%
Malaysia 694.00%
Poland 638.00%
Thailand 484.00%
Czechia 461.00%
China 456.00%
Hungary 360.00%
Romania 281.00%
South Africa 201.00%
Colombia 176.00%
Peru 175.00%
Philippines 81.00%
Brazil 47.00%

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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