IE00BDDRH417Ticker: 0A08 (London SE) · EMBM (SIX)Issuer: iSharesEmerging markets Bonds tracking the J.P. Morgan Emerging Markets Bond Index Global Diversified Core, physical, optimised replication, accumulating. Share class in Mexican pesos (MXN), currency-hedged.
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iShares J.P. Morgan $ EM Bond UCITS ETF tracks the issuer-declared index: J.P. Morgan Emerging Markets Bond Index Global Diversified Core. Mind the share class: this is the version hedged to Mexican Peso (MXN) — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.50%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is accumulated and reinvested in the fund. The fund has assets of about 289 million euro, was launched on 31 August 2018 and is domiciled in Ireland.
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Funds’ investments, which reflects the return of the J.P. Morgan EMBI Global Core Index, the Fund’s benchmark index (Index).
Keep reading the KID section ▾
The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in fixed income (FI) securities (such as bonds) that make up the Index. The Index measures the performance of actively traded US Dollar denominated FI securities in emerging market countries. The Index offers exposure to US Dollar denominated sovereign and quasi-sovereign entities from emerging markets countries. Quasi-sovereign entities are entities, the securities of which are either 100% owned by their respective governments or subject to a 100% guarantee that does not rise to the level constituting the full faith and credit by such governments. Only FI securities with a minimum remaining time to maturity (i.e. the time until they become due for repayment) of two and a half years and a minimum amount outstanding of USD 1 billion are included in the Index. The FI securities in the Index include investment grade (i.e. meet a specified level of creditworthiness), subinvestment grade securities (i.e. have a relatively low credit rating credit or are unrated but deemed to be of comparable quality with sub-investment grade FI securities) or securities in default. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.
Your shares will be accumulating shares (i.e. income will be included in their value). The Fund’s base currency is US Dollar. Shares for this Share Class are denominated in Mexican Peso. The performance of your shares may be affected by this currency difference. Your shares will be “hedged” with the aim of reducing the effect of exchange rate fluctuations between their denominated currency and the Fund’s underlying portfolio currencies. FDIs, including FX forward contracts, will be used for currency hedging purposes. The hedging strategy may not completely eliminate currency risk and, therefore, may affect the performance of your shares. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 15 Sept 2021 | 21 Oct 2022 | -24.13% | 27 Dec 2023 | 833 |
| 04 Mar 2020 | 19 Mar 2020 | -23.16% | 03 Sept 2020 | 183 |
| 04 Jan 2021 | 08 Mar 2021 | -5.77% | 09 Jun 2021 | 156 |
| 30 Jun 2026 | 01 Oct 2026 | -4.47% | ongoing | 108 |
| 20 Mar 2025 | 11 Apr 2025 | -4.16% | 13 May 2025 | 54 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.5 | 1.6 | -3.4 | 2.9 | 1.1 | 1.1 | -1.4 | 1.0 | -3.5 | 1.2 | 0.8 | ||
| 2025 | 2.0 | 1.9 | -0.4 | 0.2 | 1.4 | 2.7 | 1.5 | 1.8 | 2.0 | 2.4 | 0.6 | 0.9 | 18.4 |
| 2024 | -0.8 | 1.5 | 2.4 | -1.8 | 2.4 | 1.1 | 2.4 | 3.0 | 2.3 | -1.5 | 1.8 | -1.1 | 12.2 |
| 2023 | 3.7 | -1.9 | 1.7 | 1.0 | -0.3 | 2.8 | 2.4 | -1.1 | -2.6 | -0.9 | 6.3 | 5.3 | 17.1 |
| 2022 | -2.6 | -6.0 | 0.4 | -5.7 | 0.7 | -6.3 | 3.7 | -0.8 | -6.2 | 0.7 | 8.3 | 0.8 | -13.2 |
| 2021 | -1.1 | -2.8 | -0.7 | 2.6 | 1.4 | 1.2 | 0.8 | 1.4 | -2.0 | 0.4 | -1.5 | 2.1 | 1.8 |
| 2020 | 2.1 | -0.7 | -15.5 | 2.8 | 6.7 | 3.8 | 4.2 | 0.7 | -1.6 | 0.3 | 4.2 | 2.2 | 7.6 |
| 2019 | 5.1 | 1.4 | 1.9 | 0.6 | 0.9 | 4.0 | 1.7 | 1.4 | -0.2 | 0.8 | 0.0 | 2.5 | 22.1 |
| 2018 | -2.2 | -0.2 | 1.8 | 1.6(from 3 Sept) |
Rejoined series: the issuer’s historical data contains a unit redenomination (20 December 2018), not retroactively adjusted; we rejoined the earlier history to make it comparable. Returns and risk are computed on the rejoined series.
We do not publish a tracking difference for this share class — and it is not an oversight.
EMBMXX is hedged to MXN; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the MXN-hedged index series, which the issuer does not publish today.
Still want to know how well this fund tracks its index? Look at the unhedged sister class, JPEA, where fund and index share the same currency: its TD is the right measure of the management, which is the same. Go to the JPEA page →
| Last year | Last 3 years | Last 5 years | Full history | |
|---|---|---|---|---|
| Volatility (ann.) | 4.58% | 5.12% | 6.63% | 7.36% |
| Max drawdown | -4.47% | -4.47% | -23.46% | -24.13% |
| Sharpe | 0.30 | 2.09 | 0.61 | 0.84 |
| Sortino | 0.45 | 3.30 | 0.86 | 1.12 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: product page iShares, data as of 15 October 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
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.
Source: product page iShares, data as of 15 October 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.
| Share class | ISIN | Ticker | Income | Currency |
|---|---|---|---|---|
| SGD Hedged (Dist) | IE000X1JN6A2 | IEMBX | Distributing | SGD |
| USD (Dist) | IE00B2NPKV68 | SEMB | Distributing | USD |
| iShares J. P. Morgan $ EM Bond UCITS ETF MXN Hedged (Acc) · this page | IE00BDDRH417 | EMBMXX | Accumulating | MXN |
| GBP Hedged (Dist) | IE00BDFGJ734 | EMHG | Distributing | GBP |
| CHF Hedged (Acc) | IE00BGQ0J979 | EMCH | Accumulating | CHF |
| EUR Hedged (Acc) | IE00BJ5JPH63 | 3SUD | Accumulating | EUR |
| USD (Acc) | IE00BYXYYK40 | JPEA | Accumulating | USD |
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:
IE00B2NPKV68IEMB(class: USD (Dist))IE00BJ5JPH633SUD(class: EUR Hedged (Acc))IE00BYXYYK40IS02(class: USD (Acc))Official lists verified on 15 October 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.
| Exchange | Ticker | Exchange source |
|---|---|---|
| London Stock Exchange | 0A08from tax document | issuer’s tax document (exchange outside the FIRDS perimeter) |
| SIX Swiss Exchange | EMBMfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) |