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ETF sheet · Issuer-declared data

L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF EUR HedgedIndex, costs, backtest, listings and taxation

Class:

ISIN: IE000MINO564Ticker: EMGHIssuer: LGIM

Issuer-declared data

Declared index

J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index

TER

0.28%

Transaction costs

0.02% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical (sampled)

Income policy

Accumulating

SFDR

Article 8 — promotes environmental or social characteristics what does it mean?

Fund assets

910.2 mln EUR

Domicile

Ireland

Inception date

11 May 2022

Data as declared by LGIM in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.

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Description

L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF tracks the issuer-declared index: J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index. Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.28%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is sampled physical replication (the KID declares buying a representative sample of constituents); income is accumulated and reinvested in the fund. The fund has assets of about 910 million euro, was launched on 11 May 2022 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The investment objective of the Fund is to provide exposure to the short term US Dollar-denominated government bond market across emerging markets. The Fund is passively managed and aims to track the performance of the J.P. Morgan ESG EMBI Global Diversiﬁed Short Term Custom Maturity Index (the “Index”), before the deduction of fees and expenses. The Index is designed to provide exposure to U.S. dollar denominated emerging market sovereign and quasi sovereign bonds with shorter remaining maturities, in accordance with its methodology.
Keep reading the KID section ▾
The Fund seeks to achieve its investment objective using an optimisation/representative sampling approach and invests in a representative selection of bond securities which, taken together, are expected to have risk and performance characteristics similar to those of the Index. The Fund may also invest in bond related securities and instruments that are not constituents of the Index but have similar risk and performance characteristics, and may use ﬁnancial derivative instruments for eﬃcient portfolio management or to assist in tracking the performance of the Index. The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement. This Share Class does not intend to pay dividends. Any income which may result from the Fund's investments will be re-invested into the Fund. Shares in this Share Class (the "Shares") are denominated in EUR and can be bought and sold on stock exchanges by ordinary investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares directly with the Company. Authorised Participants may redeem their Shares on demand in accordance with the "Dealing Timetable" published on http://www.lgim.com.
The depositary of the Fund is the Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund and the share class can be obtained from the Company's prospectus and the annual and semi-annual reports, which are available, in addition to the latest prices for the share class and details of any other share classes, free of charge at: www.lgim.com.
Intended Retail Investor:The Fund is designed for investors looking for a combination of growth and income from an investment in liquid, US Dollar denominated emerging market ﬁxed and ﬂoating-rate government and quasi government bonds which can form part of their existing savings portfolio. Although investors can take their money out at any time, the Fund may not be appropriate for those who plan to withdraw their money within ﬁve years. The Fund is not designed for investors who cannot aﬀord more than a minimal loss of their investment.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

TER 0.28%: above the median of bond ETFs we track (0.15%).
Assets larger than 82% of bond ETFs we track.

Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF in Italian, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from May 2022 to Sept 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+19.3%

Annualised

+4.1%

Volatility (ann.)

2.6%

Max drawdown

-6.39%

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-6.39%

peak → trough

Trough

21 Oct 2022

from the 27 May 2022 peak

Recovery time

399 days

recovery only: trough to break-even · ≈ 1 year and 1 month

Underwater

546 days

decline + recovery: peak to break-even · ≈ 1 year and 6 months · → recovered on 24 Nov 2023

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
30 May 2022	21 Oct 2022	-6.39%	24 Nov 2023	543
27 Feb 2026	27 Mar 2026	-2.02%	16 Jun 2026	109
25 Mar 2025	11 Apr 2025	-1.43%	23 Apr 2025	29
09 Apr 2024	16 Apr 2024	-1.33%	15 May 2024	36
29 Dec 2023	09 Jan 2024	-0.78%	12 Jan 2024	14

Calendar-year returns

2022

-2.5%

2023

5.4%

2024

7.0%

2025

7.6%

2026

0.8%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	0.3	0.6	-1.9	1.2	0.3	0.2	-0.3	0.4	-0.1				0.8
2025	1.2	0.6	0.0	0.6	0.7	1.0	0.4	0.9	0.3	0.9	0.3	0.5	7.6
2024	0.2	0.9	1.5	-0.8	0.9	0.3	1.0	1.3	1.3	-0.4	0.8	-0.3	7.0
2023	1.6	-1.2	0.3	-0.1	0.0	0.9	0.9	-0.4	-0.6	-0.2	2.2	1.8	5.4
2022						-2.9	0.6	0.0	-3.2	-0.2	2.9	0.0	-2.5

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.

Source: LGIM. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

	Last year	Last 3 years	Full history
Volatility (ann.)	2.05%	2.25%	2.62%
Max drawdown	-2.02%	-2.02%	-6.39%
Sharpe	0.22	1.28	0.44
Sortino	0.33	1.96	0.63

Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration

2.52years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)

0–5 years

98.10%

5–10 years

1.90%

Source: factsheet LGIM, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)

0.10%

15.40%

BBB

35.80%

28.20%

B–

0.20%

CCC

8.10%

0.50%

Source: factsheet LGIM, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Top-10 weight

14.9%

Top 10 holdings

Argentina 0,75% 09/07/30

3.20%

Polonia 4,88% 12/02/30

1.90%

Ungheria 6,13% 22/05/28

1.60%

Oman 5,63% 17/01/28

1.40%

Perù 2,78% 23/01/31

1.30%

South Africa 4,30% 12/10/28

1.20%

Uruguay 4,38% 23/01/31

1.20%

Philippines 9,50% 02/02/30

1.10%

Ghana 5,00% 03/07/29

1.00%

BGK 6,25% 31/10/28

1.00%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

Hungary5.4%

Poland5%

Türkiye4.6%

Saudi Arabia4.6%

Brazil4.5%

Oman4.4%

Philippines4.2%

Top 10 holdings and breakdowns as declared by LGIM in the fund factsheet, data as of 30 June 2026. Percentages may not sum to 100 due to cash, derivatives and rounding.

Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Share classes of the same fund

This page covers ISIN IE000MINO564 (share class EUR Acc. Coperta). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.

Share class	ISIN	Ticker	Income	Currency
EUR Acc. Coperta · this page	IE000MINO564	EMGH	Accumulating	EUR
USD Dist.	IE00BLRPQP15	EMD5	Distributing	USD

Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Index tracked

J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index

This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

Fund	TER	Income	Fund size
L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF compare ⇄ EMD5 · LGIM	0.25%	Dist.	910 mln EUR

2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE000MINO564

Directazero within the savings plan (buys)
Directazero on single buys from 1,000 €, agreement until 31 December 2026
Moneyfarmzero within the savings plan (buys), agreement until 29 June 2029
Moneyfarmzero on single buys from 1,000 €, agreement until 29 June 2029

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchange	Ticker	Trading since
Borsa Italiana (ETFplus)	EMGH	11 May 2022
Börse Düsseldorf	ENDH	12 May 2022
Börse Frankfurt	ENDH	11 May 2022
Börse Hamburg	ENDH	17 May 2022
Börse Hannover	ENDH	9 Dec 2024
Börse München / gettex	ENDH	15 Jun 2022
Börse Stuttgart	ENDH	24 Jun 2022
Tradegate Exchange	ENDH	20 May 2022
Xetra (Deutsche Börse)	ENDH	11 May 2022

+ 18 more trading venues (MTFs and professional platforms).

Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF track?

The issuer LGIM declares the benchmark: J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index.

How much does EMGH cost?

The issuer-declared TER is 0.28% per year; the transaction costs estimated in the KID are 0.02%.

What is the fund size of EMGH?

The fund size declared by LGIM is about 910 million euro.

When was EMGH launched?

The fund was launched on 11 May 2022: it has 4 years of history.

How does EMGH replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Fisica - campionamento (dal KID)”).

Does EMGH pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does EMGH trade?

Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (EMGH), Börse Düsseldorf (ENDH), Börse Frankfurt (ENDH), Börse Hamburg (ENDH), Börse Hannover (ENDH), Börse München / gettex (ENDH).

What was EMGH's worst fall?

Over the available history (since 2022), the maximum drawdown was -6.39%, reached in October 2022. Past performance is not indicative of future results.

Transparency note

The data in this sheet is declared by LGIM in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.