# Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation (AEMH)

**Source:** https://fundology.uk/fund/aemh · ISIN LU3307281595 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, AEMH (Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation, ISIN LU3307281595) closed at £4.85 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000).

## Summary

Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2026. It tracks the J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£4.85** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | AEMH |
| ISIN | LU3307281595 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.45% a year (£45 per £10,000) |
| Fund size | £2.2m |
| Launched | 2026 |
| Domicile | Luxembourg |

## Charges compared with similar funds

Ongoing charge of Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation 0.45% a year, as of 01/10/2026: 15 of the 274 other government bond funds charge more, 1 the same and 258 less (share classes counted once).

## Funds tracking the same index

2 funds track J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.45% a year (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - USD Emerging Markets Government Bond | 0.30% | +2.1% | +13.3% | +3.5% |
| Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation (this fund) | 0.45% | — | — | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.45%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 29/09/2026):

| Holding | Weight |
|---|---|
| ARGENTINE 4.125% 09Jul35 | 1.24% |
| ARGENTINE 5% 09Jan38 | 0.74% |
| REPUBLIC OF E 6.9% 31Jul35 | 0.73% |
| ARGENTINE 0.75% 09Jul30 | 0.72% |
| ARGENTINE 3.5% 09Jul41 | 0.61% |
| EAGLE FUNDING 5.5% 17Aug30 | 0.60% |
| GHANA GOVERNM 5% 03Jul35 | 0.54% |
| URUGUAY 5.1% 18Jun50 | 0.48% |
| FEDERATIVE RE 6.625% 15Mar35 | 0.41% |
| DOMINICAN REP 4.875% 23Sep32 | 0.40% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by Amundi, as of 29/09/2026.

| Sector | Weight |
|---|---|
| Government | 89.0% |
| Energy | 5.5% |
| Financials | 2.4% |
| Materials | 1.8% |
| Utilities | 0.8% |
| Industrials | 0.3% |
| Consumer Discretionary | 0.1% |

### By country

As published by Amundi, as of 29/09/2026.

| Country | Weight |
|---|---|
| Saudi Arabia | 7.1% |
| Mexico | 6.9% |
| Turkey | 5.3% |
| Indonesia | 4.8% |
| Brazil | 4.2% |
| Poland | 3.9% |
| Philippines | 3.8% |
| Dominican Republic | 3.7% |
| Other countries | 60.3% |

All 588 holdings: https://fundology.uk/fund/aemh/holdings

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.