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ETF sheet · Issuer-declared data
🇮🇹 Effective capital-gains rate: 13.27%details →

State Street® SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE00BK8JH525Ticker: EMDE (Borsa Italiana) · SPFD (Xetra)Issuer: SPDR

Emerging markets Bonds tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR, physical, sampled replication, accumulating. Share class in euro (EUR), currency-hedged.

6.09 years
effective duration, as declared by SPDR · maturities ↓ ✓ declared by the issuer
A 28.3%
largest rating bucket · full breakdown ↓ ✓ declared by the issuer
0.60% + 0.02%
TER + KID transaction costs ✓ declared by the issuer
625
rows published by the issuer · holdings ↓ ✓ declared by the issuer
1.5 bn €
fund assets ✓ declared by the issuer
−0.99 pt /year
average tracking difference 2023–2025 · year by year ↓ ≈ average of issuer-declared yearly TD
Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name
State Street® SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc)
Management
Passive (index-tracking) (from the KID)
SFDR
not declared in the sources we read ≈ Rebalix reading: Article 6 (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
1.5 bn EUR
Domicile
Ireland

Share class · this page

ISIN
IE00BK8JH525
Ticker
EMDE (Borsa Italiana) · SPFD (Xetra)
Share-class currency
euro (EUR) · currency-hedged
TER
0.60%
Transaction costs
0.02% (issuer estimate, from the KID)
Income policy
NAV
27.88 EUR (14 October 2026)
Share-class launch
14 November 2019
Data as declared by SPDR in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.
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Quick reads

  • TER 0.60%above the median of bond ETFs we track (0.15%).≈ computed by Rebalix
  • Assetslarger than 89% of bond ETFs we track.≈ computed by Rebalix
  • Duration 6.09 yearseffective, as declared by SPDR✓ declared by the issuer
  • Declared ratingA 28.3%✓ declared by the issuer
  • Maturity 1–3 Anni 22.3%the heaviest bucket of the declared breakdown✓ declared by the issuer
  • 625 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
  • Top 10 = 7.5%of the fund✓ declared by the issuer
  • Effective rate 13.27%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

State Street® SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc) tracks the issuer-declared index: Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR. The declared annual cost (TER) is 0.60%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is stratified-sampling physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 1.5 billion euro, was launched on 14 November 2019 and is domiciled in Ireland.

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

Investment objective The objective of the Fund is to track the performance of the debt markets in emerging market countries for liquid local currency securities. The Fund seeks to track the performance of the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR (the "Index") as closely as possible.

Keep reading the KID section ▾

The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These include bonds issued by governments in emerging market countries. These securities may have fixed or floating interest rates and may be rated investment grade (high quality) or below investment grade. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use a stratified sampling strategy to build a representative portfolio. Consequently, the Fund will typically hold only a subset of the securities included in the Index. This EUR Hedged Class is made available to reduce exchange rate fluctuations between the currency of this Share Class and the currency in which the underlying assets of the Fund are denominated. The Share Class will be hedged back to EUR and consequently should more closely track the corresponding hedged version of the Index (Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR). The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund's maximum exposure to securities lending as a percentage of its Net Asset Value will not exceed 70%. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. The Shares of the EUR Class are issued in Euro. Index Source: The Index is the intellectual property of the Index provider. The Fund is not sponsored or endorsed by the Index provider. The Index provider does not provide any warranty or accept any liability in relation to any error relating to the Index, including any error in respect of the quality, accuracy or completeness of Index data, and does not guarantee that the Index will be in line with the described Index methodology. Please see the Prospectus for the full index disclaimer.

Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 3 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · KID acquired on 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

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.

  1. Share-class launch
    14 November 2019
    declared by the issuer
  2. Basket snapshots
    3 monthly
    since August 2026
  3. Dated events
    none so far
    TER, index, name, tax: every change is an event
Open the history →

Italian taxation

Effective rate on capital gains
13.27%
White-list share
94.33%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →
PerformanceIn this sectionChartBacktestTracking difference

Fund performance

issuer-declared net asset value (NAV) · EUR · from Nov 2019 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-7.0%
Annualised
-1.0%
Volatility (ann.)
7.2%
Max drawdown
-28.82%
-28%-19%-10%-1%+8%Nov 2019Aug 2021May 2023Jan 2025Oct 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-7.0%
15 Nov 2019 → 16 Oct 20266 years and 11 months · -7.0%
15 Nov 201916 Oct 2026Nov 2019Oct 2026
Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.
Calculations on the NAV: issuer total-return series not available.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. 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.
0%-5%-10%-15%-20%-25%-30%2019202120232025−28.82% · 24 Oct 2022
Max drawdown
-28.82%
peak → trough
Trough
24 Oct 2022
from the 04 Jan 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,111 days
decline + recovery: peak to break-even · ≈ 5 years and 9 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
04 Jan 202124 Oct 2022-28.82%ongoing2,111
10 Jan 202023 Mar 2020-16.33%03 Dec 2020328
15 Nov 201928 Nov 2019-0.91%09 Dec 201924
17 Dec 202022 Dec 2020-0.86%04 Jan 202118
02 Jan 202007 Jan 2020-0.41%10 Jan 20208

Calendar-year returns

2019
2.3%
launch 14 Nov, series from 15 Nov
2020
1.9%
2021
-9.6%
2022
-13.2%
2023
7.4%
2024
-5.0%
2025
12.8%
2026
-1.1%
2019: the share class was launched on 14 November 2019 and the available series starts on 15 November 2019; the return runs from that date (not from launch) to 31 December 2019 and is not a full year.

Month-by-month returns

2026Year -1.1%
Jan
1.3
Feb
1.2
Mar
-6.3
Apr
2.6
May
0.2
Jun
-0.5
Jul
0.6
Aug
1.0
Sept
-2.0
Oct
0.9
Nov
·
Dec
·
2025Year 12.8%
Jan
1.9
Feb
0.6
Mar
0.6
Apr
3.0
May
1.3
Jun
2.5
Jul
-1.2
Aug
1.7
Sept
0.6
Oct
-0.1
Nov
0.3
Dec
1.2
2024Year -5.0%
Jan
-2.0
Feb
-0.5
Mar
-0.3
Apr
-2.9
May
1.0
Jun
-0.8
Jul
2.0
Aug
3.1
Sept
3.1
Oct
-5.0
Nov
-0.3
Dec
-2.2
2023Year 7.4%
Jan
4.6
Feb
-4.3
Mar
3.5
Apr
0.1
May
-1.5
Jun
1.8
Jul
2.5
Aug
-3.0
Sept
-3.4
Oct
-1.4
Nov
5.6
Dec
3.5
2022Year -13.2%
Jan
-0.5
Feb
-1.9
Mar
-2.5
Apr
-6.2
May
1.2
Jun
-5.2
Jul
0.8
Aug
-0.8
Sept
-5.9
Oct
-0.7
Nov
6.3
Dec
1.9
JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.31.2-6.32.60.2-0.50.61.0-2.00.9-1.1
20251.90.60.63.01.32.5-1.21.70.6-0.10.31.212.8
2024-2.0-0.5-0.3-2.91.0-0.82.03.13.1-5.0-0.3-2.2-5.0
20234.6-4.33.50.1-1.51.82.5-3.0-3.4-1.45.63.57.4
2022-0.5-1.9-2.5-6.21.2-5.20.8-0.8-5.9-0.76.31.9-13.2
2021-1.5-2.7-3.12.11.9-1.1-0.30.6-3.6-1.2-1.70.9-9.6
2020-1.1-2.6-9.33.13.30.82.5-0.3-1.60.64.42.81.9
20193.02.3(from 15 Nov)
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.

Method and sources

Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average annual TD, 2023–2025
-0.99 pt /year
Declared TER
0.60%
YearFundIndexDifference (pt)
2025+12.75%+13.83%-1.08 pt
2024-4.97%-4.10%-0.86 pt
2023+7.37%+8.40%-1.03 pt
2022-13.23%-12.84%-0.39 pt
2021-9.55%-8.90%-0.65 pt
2020+1.86%+2.47%-0.61 pt
2019launch year+2.27%+2.36%-0.09 pt
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 August 2026), not computed by us. Partial years excluded. Currency of the declared returns not documented. Launch of the current share class: 14 November 2019. The launch year includes months before the launch. The average and the count of positive years consider only years entirely after the launch. What is tracking difference? →
RiskIn this sectionRisk

Risk indicators· EUR

Last year
Volatility (ann.)6.43%
Max drawdown-6.54%
Sharpe-0.33
Sortino-0.48
Last 3 years
Volatility (ann.)6.11%
Max drawdown-8.19%
Sharpe0.30
Sortino0.44
Last 5 years
Volatility (ann.)6.90%
Max drawdown-22.53%
Sharpe-0.42
Sortino-0.57
Full history
Volatility (ann.)7.17%
Max drawdown-28.82%
Sharpe-0.36
Sortino-0.49
Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)6.43%6.11%6.90%7.17%
Max drawdown-6.54%-8.19%-22.53%-28.82%
Sharpe-0.330.30-0.42-0.36
Sortino-0.480.44-0.57-0.49
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: 2.25%), 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.
PortfolioIn this sectionDurationRatingHoldings

Duration and maturities

Duration · effective duration
6.09years

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

Maturity breakdown (% of fund)
< 1 year
1.18%
1–3 years
22.27%
3–5 years
19.08%
5–7 years
13.21%
7–10 years
16.90%
10–20 years
14.60%
> 20 years
12.76%

Source: factsheet SPDR, data as of 30 September 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)
Aaa
0.89%
Aa
13.10%
A
28.28%
Baa
39.30%
Below Baa
17.11%
Not rated
1.33%

Source: factsheet SPDR, data as of 30 September 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· structure first, single issues after

Rows in the published list
625
Top-10 weight
7.5%

Top 10 holdings

LETRA TESOURO NACIONAL 0 01/01/2029Coupon 0.00% · Maturity 2029
0.96%
MEX BONOS DESARR FIX RT 8.5 03/01/2029Coupon 8.50% · Maturity 2029
0.78%
NOTA DO TESOURO NACIONAL 10 01/01/2029Coupon 10.00% · Maturity 2029
0.77%
LETRA TESOURO NACIONAL 0 01/01/2032Coupon 0.00% · Maturity 2032
0.76%
NOTA DO TESOURO NACIONAL 10 01/01/2031Coupon 10.00% · Maturity 2031
0.73%
MEX BONOS DESARR FIX RT 8.5 02/28/2030Coupon 8.50% · Maturity 2030
0.71%
LETRA TESOURO NACIONAL 0 07/01/2029Coupon 0.00% · Maturity 2029
0.70%
MEX BONOS DESARR FIX RT 8.5 05/31/2029Coupon 8.50% · Maturity 2029
0.70%
REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048Coupon 8.75% · Maturity 2048
0.70%
MEX BONOS DESARR FIX RT 8.5 03/02/2028Coupon 8.50% · Maturity 2028
0.67%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 7%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChile: 1.2%China: 10%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombia: 3.6%Costa RicaCubaCyprusCzech Republic: 3.1%GermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 0.1%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 1.9%Indonesia: 7.4%India: 9.1%IrelandIranIraqIcelandIsrael: 3.4%ItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 10.1%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexico: 8%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 7.9%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeru: 1.3%Philippines: 3.1%Papua New GuineaPoland: 6.1%Puerto RicoNorth KoreaPortugalParaguayQatarRomania: 2%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 7%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkey: 1.3%TaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 0.3%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 5.1%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
South Korea10.1%
China10%
India9.1%
Mexico8%
Malaysia7.9%
Indonesia7.4%
Brazil7%
Items not attributed to a country: 1.1% “SUPRA-NATIONAL” — labels as declared by the issuer.
Breakdown computed by Rebalix by aggregating the full-precision per-position weights declared by the issuer. Weight attributed to a country: 98.9% of the portfolio; the remainder consists of positions with no country attributed by the source. Values are not rescaled.
⬇ Download the published holdings — Excel, 625 rows
Holdings as published by SPDR, holdings as at 30 September 2026: 625 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. How Rebalix verifies portfolio holdings →
StructureIn this sectionIndexExchanges

Index tracked

Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
This fund belongs to the government bonds family: compare all census ETFs in this family →

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:

IE00BK8JH525EMDE
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,000 €, agreement until 31 May 2027
  • Moneyfarmzero within the savings plan (buys), agreement until 12 January 2028
  • Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
IE00B4613386EMLD
  • BG Saxozero within the savings plan (buys)
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,000 €, agreement until 31 May 2027
  • Moneyfarmzero within the savings plan (buys), agreement until 12 January 2028
  • Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BFWFPY67EMLA
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,000 €, agreement until 31 May 2027
  • Moneyfarmzero within the savings plan (buys), agreement until 12 January 2028
  • Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

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.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order
ExchangeTickerExchange sourceRegistered since
Borsa Italiana (ETFplus)EMDEfrom the issuerESMA register (FIRDS)19 Nov 2019
Börse DüsseldorfSPFDfrom mappingESMA register (FIRDS)19 Jun 2020
Börse FrankfurtSPFDfrom mappingESMA register (FIRDS)18 Nov 2019
Börse HamburgSPFDfrom mappingESMA register (FIRDS)19 Feb 2020
Börse HannoverSPFDfrom mappingESMA register (FIRDS)9 Dec 2024
Börse München / gettexSPFDfrom mappingESMA register (FIRDS)21 Sept 2021
Börse StuttgartSPFDfrom mappingESMA register (FIRDS)20 Jan 2020
Tradegate ExchangeSPFDfrom mappingESMA register (FIRDS)17 Aug 2020
Xetra (Deutsche Börse)SPFDfrom the issuerESMA register (FIRDS)18 Nov 2019
from the issuer — ticker declared by the issuer in its product list.
from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
+ 6 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
DocumentsIn this sectionDocumentsFAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, 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.

Frequently asked questions

Which index does State Street® SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc) track?
The issuer SPDR declares the benchmark: Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR.
How much does EMDE cost?
The issuer-declared TER is 0.60% per year; the transaction costs estimated in the KID are 0.02%.
How is EMDE taxed in Italy?
On sale, the capital gain is taxed at an effective 13.27% rate (white-list share 94.33%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of EMDE?
The fund size declared by SPDR is about 1.5 billion euro.
When was EMDE launched?
The fund was launched on 14 November 2019: it has 6 years of history.
How does EMDE replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Stratified Sampling”).
Does EMDE pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
Where does EMDE trade?
Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 9 exchanges with a ticker available, including Borsa Italiana (ETFplus) (EMDE), Börse Düsseldorf (SPFD), Börse Frankfurt (SPFD), Börse Hamburg (SPFD), Börse Hannover (SPFD), Börse München / gettex (SPFD).
What was EMDE's worst fall?
Over the available history (since 2019), the maximum drawdown was -28.82%, reached in October 2022. Past performance is not indicative of future results.
How many positions does EMDE publish?
The list published by the issuer and archived by Rebalix has 625 rows; the top 10 weigh 7.5%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.
Transparency note
The data in this sheet is declared by SPDR 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.
Do you represent the issuer? Report a correction or an update