# iShares JP Morgan USD EM Corp Bond UCITS ETF (EMCA)

**Page:** https://fundology.uk/fund/emca · ISIN IE00BFM6TD65

## 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 13/11/2026, EMCA (iShares JP Morgan USD EM Corp Bond UCITS ETF, ISIN IE00BFM6TD65) closed at $6.70 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was +11.1%, or −13.3% after UK CPIH inflation.

## Summary

iShares JP Morgan USD EM Corp Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the JP Morgan CEMBI Broad Diversified Core MVB. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 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.

Latest close: **$6.70** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMCA |
| ISIN | IE00BFM6TD65 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | JP Morgan CEMBI Broad Diversified Core MVB |
| Income | Accumulating |
| Ongoing charge | 0.50% a year (£50 per £10,000) |
| Fund size | £1.5bn |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/05/2018 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +0.66% | -2.90% | income reinvested |
| 3 years | +13.49% | +2.53% | income reinvested |
| 5 years | +11.06% | -13.31% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares JP Morgan USD EM Corp Bond UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −1.5%, 2023 +2.1%, 2024 +9.3%, 2025 −0.2%; 2026 to 13/11/2026 +1.8%. Returns of iShares JP Morgan USD EM Corp Bond UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.4%; to 30/09/2025: +5.7%; to 30/09/2024: +4.3%; to 30/09/2023: −3.6%; to 30/09/2022: +2.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.5% | -9.8% | Price |
| 2023 | +2.1% | -2.0% | Price |
| 2024 | +9.3% | +5.6% | Price |
| 2025 | -0.2% | -3.6% | Price |
| 2026 to 13/11/2026 | +1.8% | -1.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.01% | -3.65% |
| 3 years | 5.97% | -7.65% |
| 5 years | 6.88% | -9.21% |

## Largest fall

Volatility of iShares JP Morgan USD EM Corp Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.0% over 1 year, 6.0% over 3 years, 6.9% over 5 years. Largest fall in the price of iShares JP Morgan USD EM Corp Bond UCITS ETF since November 2021, in pounds: −9.2% from 23/09/2022 to 14/07/2023. The lowest 12-month return of iShares JP Morgan USD EM Corp Bond UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −5.6% (12 months to 01/09/2023); the highest was +11.5% (12 months to 17/01/2025). On 13/11/2026 the price of iShares JP Morgan USD EM Corp Bond UCITS ETF was 1.8% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares JP Morgan USD EM Corp Bond UCITS ETF 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).

## Funds tracking the same index

3 funds track JP Morgan CEMBI Broad Diversified Core MVB, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.59% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares JP Morgan USD EM Corp Bond UCITS ETF (this fund) | 0.50% | +0.7% | +13.5% | +11.1% |
| iShares JP Morgan USD EM Corp Bond UCITS ETF USD | 0.50% | -0.2% | +12.3% | +11.5% |
| iShares V PLC - iShares JP Morgan USD EM Corp Bond UCITS ETF -Hedged- GBP | 0.59% | +0.8% | +8.3% | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.50%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, EMCA holds 1,292 positions, according to its published holdings. The largest is DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 01/08/2032 at 0.37% of the fund; the ten largest make up 2.9%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 01/08/2032 | — | 0.37% |
| 2 | Sands China Ltd 5.40% 08/08/2028 | — | 0.35% |
| 3 | Ecopetrol SA 8.88% 13/01/2033 | — | 0.31% |
| 4 | YPF SA RegS 8.25% 17/01/2034 | — | 0.31% |
| 5 | ORLEN SA RegS 6.00% 30/01/2035 | — | 0.28% |
| 6 | FIRST QUANTUM MINERALS LTD RegS 6.38% 15/02/2036 | — | 0.27% |
| 7 | FREEPORT INDONESIA PT RegS 5.32% 14/04/2032 | — | 0.27% |
| 8 | SAMARCO MINERACAO SA RegS 9.00% 30/06/2031 | — | 0.26% |
| 9 | Ecopetrol SA 6.88% 29/04/2030 | — | 0.25% |
| 10 | FIRST QUANTUM MINERALS LTD RegS 8.63% 01/06/2031 | — | 0.25% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Industrial | 42.8% |
| Financial Institutions | 26.3% |
| Agency | 24.3% |
| Utility | 5.3% |
| Supranational | 1.0% |
| Cash and derivatives | 0.2% |
| Local Authority | 0.2% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| Saudi Arabia | 6.3% |
| China | 6.2% |
| Hong Kong | 5.9% |
| Mexico | 5.4% |
| Brazil | 5.2% |
| United Arab Emirates | 5.1% |
| Colombia | 4.1% |
| India | 4.1% |
| Other countries | 57.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.8% |
| Cash and money market | 0.2% |

The 1,290 holdings on record (of 1,292 reported): https://fundology.uk/fund/emca/holdings

## Questions people ask

**What is the ongoing charge of EMCA?**

The ongoing charge of EMCA is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares JP Morgan USD EM Corp Bond UCITS ETF 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).

**What does EMCA track?**

EMCA tracks the JP Morgan CEMBI Broad Diversified Core MVB.

**Is EMCA accumulating or distributing?**

EMCA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of EMCA?**

The ISIN of EMCA is IE00BFM6TD65. An ISIN identifies one exact share class of a fund; EMCA is its ticker on the London Stock Exchange.

**What does EMCA hold?**

As of 06/11/2026, EMCA holds 1,292 positions, according to its published holdings. The largest is DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 01/08/2032 at 0.37% of the fund; the ten largest make up 2.9%. Its ten largest holdings are DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 01/08/2032 (0.37%), Sands China Ltd 5.40% 08/08/2028 (0.35%), Ecopetrol SA 8.88% 13/01/2033 (0.31%), YPF SA RegS 8.25% 17/01/2034 (0.31%), ORLEN SA RegS 6.00% 30/01/2035 (0.28%), FIRST QUANTUM MINERALS LTD RegS 6.38% 15/02/2036 (0.27%), FREEPORT INDONESIA PT RegS 5.32% 14/04/2032 (0.27%), SAMARCO MINERACAO SA RegS 9.00% 30/06/2031 (0.26%), Ecopetrol SA 6.88% 29/04/2030 (0.25%) and FIRST QUANTUM MINERALS LTD RegS 8.63% 01/06/2031 (0.25%).

**What were EMCA’s returns in each of the last five years?**

Calendar-year returns of EMCA in pounds (price, with income reinvested in the fund): 2022 −1.5%, 2023 +2.1%, 2024 +9.3%, 2025 −0.2%; 2026 to 13/11/2026 +1.8%. Past performance is not a guide to future returns.

**How has EMCA done after inflation?**

Over the five years to 13/11/2026 EMCA’s total return was +11.1%, or −13.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/297673/ishares-j-p-morgan-em-corp-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-jp-morgan-em-corp-bond-ucits-etf-usd-acc-gb-ie00bfm6td65-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/emca-ishares-j-p-morgan-em-corp-bond-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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