State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist)

State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist)

About

State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) (IE00B4613386) is a UCITS-compliant bond ETF tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index. With a TER of 0.55%, its costs are on the higher end for an ETF, distributing dividends. The fund holds 621 positions across 19 regions with 1.4B in assets, with heavy concentration — 64% 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 6.1 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 6.4 Tracking Difference: 8.3 · TD Consistency: 5.4 · Expense Ratio (TER): 1.6
Diversification (45%) 4.7 Holding Count: 7.0 · Country Concentration: 5.4 · Sector Concentration: 1.0
Liquidity (25%) 8.2 Assets Under Management

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

ISIN
Fund Size $1.4B
Issuer SPDR
Distribution Pays Dividends
Replication —
Inception May 2011
Base Currency USD
Index Bloomberg Emerging Markets Local Currency Liquid Government Bond Index
Asset Class Bonds
Category Emerging Market Bond

Costs

6.4
This fund has moderate costs compared to similar ETFs.

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%
Tracking Difference0.00%
TD Consistency0.00%
 
Metric Value
TER 0.55%
Tracking Difference (avg) -0.32%
TD Consistency (std dev) 0.14%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.42%
3 Months -2.79%
6 Months -0.04%
1 Year +6.93%
3 Years +21.42%
5 Years +6.86%
10 Years +32.66%
YTD +0.03%
Since Inception +22.44%

Holdings

7.0
This fund holds 621 individual investments, offering moderate diversification compared to other ETFs.
#1
B
Brazil Letras Do Tesouro Nacional
0.88%
#2
M
Mexican Bonos
0.76%
#3
R
Republik Südafrika Staatsanleihe
0.76%
#4
B
Brazil Notas Do Tesouro Nacional Serie
0.72%
#5
M
Mexican Bonos
0.72%
#6
M
Mexican Bonos
0.69%
#7
M
Mexican Bonos
0.67%
#8
R
Republik Südafrika Staatsanleihe
0.66%
#9
B
Brazil Letras do Tesouro Nacional
0.65%
#10
B
Brazil Notas Do Tesouro Nacional Serie
0.64%

Sectors

1.0
This fund is concentrated in just a few of its 3 sectors, reducing diversification.
 
Sector Weight
Unknown 6466.00%
Government Bonds 6365.00%
Corporate Bonds 15.00%

Regions

5.4
This fund invests across 20 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
UNKNOWN 1945.00%
South Korea 988.00%
China 931.00%
India 850.00%
Mexico 801.00%
Malaysia 799.00%
Thailand 682.00%
Indonesia 667.00%
Poland 605.00%
Israel 370.00%
Czechia 313.00%
Romania 207.00%
Hungary 186.00%
Brazil 160.00%
Peru 120.00%
Chile 119.00%
South Africa 112.00%
Colombia 110.00%
Philippines 20.00%
SNAT 15.00%

Nerd Stuff

Advanced risk and return metrics (2023-07-02 — 2026-06-30).
5.2%
Volatility
-10.8%
Max Drawdown
-0.42
Sharpe Ratio
-0.57
Sortino Ratio
-0.20
Calmar Ratio
0.19
Beta
-6.82%
Alpha (Jensen's)
0.108
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
Trade
€5.90
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

Similar ETFs

Other funds tracking Emerging Market Bond indices.
iShares J.P. Morgan $ EM Bond UCITS ETF
IE00B2NPKV68·TER 0.45%
iShares J.P. Morgan $ EM Bond EUR Hedged UCITS ETF (Dist)
IE00B9M6RS56·TER 0.50%
iShares J.P. Morgan $ EM Bond UCITS ETF
IE00BYXYYK40·TER 0.45%
iShares J.P. Morgan $ EM Corp Bond UCITS ETF
IE00BFM6TD65·TER 0.50%
iShares JP Morgan Advanced $ EM Bond UCITS ETF
IE00BF553838·TER 0.45%
iShares JP Morgan Advanced $ EM Bond UCITS ETF
IE00BKP5L730·TER 0.50%
Compare State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) vs iShares J.P. Morgan $ EM Bond UCITS ETF Compare State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) vs iShares J.P. Morgan $ EM Bond EUR Hedged UCITS ETF (Dist) Compare State Street® SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) vs iShares J.P. Morgan $ EM Bond UCITS ETF
Feedback
ETFs
Basket
Compare
Millennial Index