Overview
Dollar-denominated government bonds from 30+ emerging markets — sovereign credit risk with no currency risk, yielding above 5%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| — | Mexico, Saudi Arabia, Turkey, Brazil, Indonesia sovereigns | top weights |
| — | Investment-grade EM | ~55% |
| — | High-yield EM | ~45% |
Fund Details
Investment Thesis
EMB is the benchmark for hard-currency emerging-market debt: because every bond is dollar-denominated, investors take sovereign credit risk — will Mexico or Indonesia pay? — without betting on their currencies. The 5%+ yield is the compensation, sitting between US investment-grade and high-yield. It behaves like a hybrid: bond-like in calm markets, equity-adjacent in EM crises, which is exactly when its diversification claim gets tested.
Who It's For
Income investors comfortable adding measured sovereign credit risk for yield, as a satellite within a diversified bond allocation — not a core holding.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $84.68 | -- |
| 2017 | $91.03 | +7.5% |
| 2018 | $85.11 | -6.5% |
| 2019 | $95.32 | +12.0% |
| 2020 | $98.66 | +3.5% |
| 2021 | $95.21 | -3.5% |
| 2022 | $76.64 | -19.5% |
| 2023 | $83.16 | +8.5% |
| 2024 | $86.90 | +4.5% |
| 2025 | $91.24 | +5.0% |
| Year | Yield |
|---|---|
| 2016 | 4.60% |
| 2017 | 4.60% |
| 2018 | 4.80% |
| 2019 | 5.20% |
| 2020 | 4.40% |
| 2021 | 3.90% |
| 2022 | 4.80% |
| 2023 | 5.50% |
| 2024 | 5.40% |
| 2025 | 5.15% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $10B | -- |
| 2017 | $10B | +0.0% |
| 2018 | $11B | +10.0% |
| 2019 | $11B | +0.0% |
| 2020 | $12B | +9.1% |
| 2021 | $13B | +8.3% |
| 2022 | $13B | +0.0% |
| 2023 | $14B | +7.7% |
| 2024 | $14B | +0.0% |
| 2025 | $15B | +7.1% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Bonds & Treasuries ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →