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 93 positions across 15 regions with 129M in assets, with heavy concentration — 58% in government bonds.

ISIN
Fund Size €128.7M
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

7.8
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%

Holdings

3.7
With only 93 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
Malaysia Government Bond
0.04%
#2
India Government Bond
0.04%
#3
Brazil Notas Do Tesouro Nacional Serie
0.04%
#4
Brazil Notas Do Tesouro Nacional Serie
0.03%
#5
Cash and Cash Equivalent
0.03%
#6
Czech Republic Government Bond
0.03%
#7
Republic of Poland Government Bond
0.03%
#8
Mexican Bonos
0.03%
#9
Indonesia Treasury Bond
0.03%
#10
Mexican Bonos
0.02%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.

Regions

5.1
This fund invests across 16 countries, though its geographic allocation deviates somewhat from the global market.

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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