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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB | ETF

$90.91

$14.8 B

5.57%

$5.07

0.39%

Vitals

YTD Return

6.5%

1 yr return

12.8%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

0.4%

Net Assets

$14.8 B

Holdings in Top 10

5.8%

52 WEEK LOW AND HIGH

$90.5
$84.99
$93.74

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB | ETF

$90.91

$14.8 B

5.57%

$5.07

0.39%

EMB - Profile

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.86%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares J.P. Morgan USD Emerging Markets Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Dec 17, 2007
  • Shares Outstanding
    170200000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the J.P. Morgan EMBI® Global Core Index (the “Underlying Index”), which is a broad, diverse U.S. dollar-denominated emerging markets debt benchmark that tracks the total return of actively traded external debt instruments in emerging market countries. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding.
The Underlying Index was composed of 54 countries as of October 31, 2023. As of October 31, 2023, the Underlying Index’s five highest weighted countries were Indonesia, Mexico, Saudi Arabia, Turkey and the United Arab Emirates.
The Underlying Index may change its composition and weighting monthly upon rebalancing. The Underlying Index includes both fixed-rate and floating-rate instruments issued by sovereign and quasi-sovereign entities from index-eligible countries. Quasi-sovereign
entities are defined as entities that are 100% guaranteed or 100% owned by the national government and reside in the index-eligible country. To be considered for inclusion in the Underlying Index, instruments must (i) be denominated in U.S. dollars, (ii) have a current face amount outstanding of $1 billion or more, (iii) have at least 2.5 years until maturity to be eligible for inclusion and, at each subsequent rebalance, have at least one year until maturity to remain in the index, (iv) be able to settle internationally through Euroclear or another institution domiciled outside the issuing country and (v) have bid and offer prices that are available on a daily and timely basis sourced from a third party valuation vendor. As of October 31, 2023, the Underlying Index consisted of both investment-grade and non-investment-grade bonds (commonly referred to as “junk bonds”), each as defined by JPMorgan Chase & Co. (the “Index Provider” or “J.P. Morgan”). Convertible bonds are not eligible for inclusion in the Underlying Index. The Underlying Index is market value-weighted and is rebalanced monthly on the last business day of the month.
Eligible issuer countries must have (1) gross national income (“GNI”) below the Index Income Ceiling (“IIC”) for three consecutive years or (2) an Index Purchasing Power Parity Ratio (the “IPR”) below the emerging market IPR threshold, each as defined by the Index Provider, for three consecutive years.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash
and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Underlying Index is sponsored by J.P. Morgan, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
Read More

EMB - Performance

Return Ranking - Trailing

Period EMB Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -6.2% 463.9% 39.12%
1 Yr 12.8% -3.9% 486.6% 38.44%
3 Yr -1.3%* -8.2% 59.0% 84.51%
5 Yr 0.4%* -7.3% 29.2% 65.31%
10 Yr 2.5%* -5.5% 14.4% 32.43%

* Annualized

Return Ranking - Calendar

Period EMB Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -10.6% 17.8% 50.34%
2022 -22.4% -29.1% -2.4% 82.75%
2021 -5.9% -24.0% 2.7% 30.71%
2020 1.2% -14.0% 9.7% 47.97%
2019 10.2% -6.4% 13.0% 14.98%

Total Return Ranking - Trailing

Period EMB Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -6.2% 463.9% 39.12%
1 Yr 12.8% -3.9% 486.6% 38.44%
3 Yr -1.3%* -8.2% 59.0% 84.51%
5 Yr 0.4%* -7.3% 29.2% 65.31%
10 Yr 2.5%* -5.5% 14.4% 32.43%

* Annualized

Total Return Ranking - Calendar

Period EMB Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -0.6% 20.0% 68.71%
2022 -18.6% -27.6% -1.7% 89.44%
2021 -2.2% -18.5% 7.4% 33.21%
2020 5.4% -7.8% 18.0% 47.97%
2019 15.5% -3.0% 23.0% 17.60%

EMB - Holdings

Concentration Analysis

EMB Category Low Category High EMB % Rank
Net Assets 14.8 B 565 K 14.8 B 0.34%
Number of Holdings 642 4 1860 22.11%
Net Assets in Top 10 886 M -134 M 1.25 B 4.42%
Weighting of Top 10 5.82% 5.8% 102.2% 100.00%

Top 10 Holdings

  1. BlackRock Cash Funds: Treasury, SL Agency Shares 0.90%
  2. Kuwait International Government Bonds 0.65%
  3. Argentina Republic Government International Bonds 0.63%
  4. Argentina Republic Government International Bonds 0.61%
  5. Ecuador Government International Bonds 0.58%
  6. Uruguay Government International Bonds 0.56%
  7. Republic of Poland Government International Bond 0.50%
  8. Qatar Government International Bond 0.49%
  9. Qatar Government International Bonds 0.47%
  10. Republic of Poland Government International Bond 0.44%

Asset Allocation

Weighting Return Low Return High EMB % Rank
Bonds 		97.86% 0.00% 105.61% 18.37%
Cash 		2.14% 0.00% 24.01% 80.61%
Stocks 		0.00% -0.01% 96.53% 65.99%
Preferred Stocks 		0.00% 0.00% 2.76% 49.66%
Other 		0.00% -13.89% 86.73% 64.29%
Convertible Bonds 		0.00% 0.00% 8.47% 78.01%

Bond Sector Breakdown

Weighting Return Low Return High EMB % Rank
Government 		90.67% 0.00% 99.79% 4.47%
Corporate 		8.34% 0.00% 91.26% 75.95%
Cash & Equivalents 		0.90% 0.00% 23.23% 62.24%
Derivative 		0.00% -3.00% 13.76% 52.38%
Securitized 		0.00% 0.00% 2.41% 54.98%
Municipal 		0.00% 0.00% 0.00% 48.11%

Bond Geographic Breakdown

Weighting Return Low Return High EMB % Rank
US 		97.86% -42.31% 99.15% 10.20%
Non US 		0.00% 0.00% 132.49% 92.52%

EMB - Expenses

Operational Fees

EMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.02% 32.92% 97.27%
Management Fee 0.39% 0.00% 1.10% 3.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

EMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 218.00% 0.78%

EMB - Distributions

Dividend Yield Analysis

EMB Category Low Category High EMB % Rank
Dividend Yield 5.57% 0.00% 22.22% 71.09%

Dividend Distribution Analysis

EMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

EMB Category Low Category High EMB % Rank
Net Income Ratio 3.86% -2.28% 8.00% 62.02%

Capital Gain Distribution Analysis

EMB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

EMB - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Jul 01, 2011

10.92

10.9%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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